SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1
(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 7)* 

 

Daqo New Energy Corp.

(Name of Issuer)

 

Ordinary Shares

(Title of Class of Securities)

 

G26583 107

(CUSIP Number)

 

December 31, 2018

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

 

¨Rule 13d-1(c)

 

xRule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. G26583 107

 

1

NAME OF REPORTING PERSON


Guangfu Xu (“Mr. Xu”)

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

People’s Republic of China

NUMBER OF
SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

45,268,024 ordinary shares, which consist of (i) 39,000,000 ordinary shares held by Gold Intellect Limited (“Gold Intellect”), a British Virgin Islands company solely owned and controlled by Mr. Xu, and (ii) 6,268,024 ordinary shares issuable upon exercise of options (including Restricted Share Units) held by Mr. Xu that are exercisable within 60 days of December 31, 2018.

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

45,268,024 ordinary shares. See Item 5 above for detail.

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

45,268,024 shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

13.4%

12

TYPE OF REPORTING PERSON

 

IN

       

 

 

 

 

CUSIP No. G26583 107

 

1

NAME OF REPORTING PERSON


Gold Intellect Limited

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

British Virgin Islands

NUMBER OF
SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

39,000,000 ordinary shares held by Gold Intellect.

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

39,000,000 ordinary shares held by Gold Intellect.

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

39,000,000 ordinary shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

11.7%

12

TYPE OF REPORTING PERSON

 

CO

       

 

 

 

 

ITEM 1(a).

NAME OF ISSUER:

 

Daqo New Energy Corp.

 

ITEM 1(b).ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

666 Longdu Avenue

Wanzhou, Chongqing 404000

People’s Republic of China

 

ITEM 2(a).NAME OF PERSON FILING:

 

(i)Guangfu Xu
(ii)Gold Intellect Limited

 

ITEM 2(b).ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:

 

For all Reporting Persons:

 

c/o 66 Daquan Road

Xinba, Yangzhong, Jiangsu Province

People’s Republic of China

 

ITEM 2(c).CITIZENSHIP:

 

(i)Guangfu Xu — People’s Republic of China.
(ii)The place of organization of Gold Intellect Limited is the British Virgin Islands.

 

ITEM 2(d).TITLE OF CLASS OF SECURITIES:

 

Ordinary Shares

 

ITEM 2(e).CUSIP NUMBER:

 

G26583 107

 

ITEM 3.Not applicable.

 

ITEM 4.OWNERSHIP

 

The following information with respect to the ownership of the ordinary shares of Daqo New Energy Corp. (the “Ordinary Shares”) by the reporting persons is provided as of December 31, 2018:

 

 

 

 

Reporting Person  Amount
beneficially
owned:
  Percent of class  Sole power
to vote or
direct
the vote:
  Shared power
to vote or to
direct the vote:
  Sole power to dispose
or to direct the
disposition of:
  Shared power
to
dispose or to
direct
the disposition
of:
Guangfu Xu  45,268,024  13.4%  45,268,024  0  45,268,024  0
                   
Gold Intellect Limited  39,000,000  11.7%  39,000,000  0  39,000,000  0

 

Gold Intellect is the registered holder of 39,000,000 Ordinary Shares. Mr. Xu is the ultimate sole shareholder of Gold Intellect. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Xu may be deemed to beneficially own all of the Ordinary Shares held by Gold Intellect.

 

ITEM 5.OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

 

Not applicable

 

ITEM 6.OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

Not applicable

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

 

Not applicable

 

ITEM 8.IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

Not applicable

 

ITEM 9.NOTICE OF DISSOLUTION OF GROUP

 

Not applicable

 

ITEM 10.CERTIFICATIONS

 

Not applicable

 

Exhibit

No. Description

 

99A*

 

Joint Filing Agreement

 

* Previously filed on February 14, 2011.

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 14, 2019

 

Guangfu Xu /s/ Guangfu Xu  
  Name: Guangfu Xu  
       
Gold Intellect Limited By: /s/ Guangfu Xu  
Name: Guangfu Xu  
Title: Director