Document:

English translation of the Trademark License Agreement

 Exhibit 10.27 
 English Translation 
 Trademark License Agreement 

Licensor (Party A): Daqo Group Co., Ltd. 
 Licensee (Party B): Chongqing Daqo New Energy Co., Ltd. 
 Nanjing Daqo New Energy Co., Ltd. 
 Date: May 8, 2009 
 In accordance with the
Trademark Law of the People’s Republic of China (the “Trademark Law”) and the Rules for the Implementation of the Trademark Law of the People’s Republic of China (the “Implementation Rules”), in order to clarify the
rights and obligations of both parties, the Licensor and the Licensee hereby enter into this Trademark License Agreement after negotiated in good faith. 
 Scope of Grant 
  

	1.	Party A hereby grants to Party B a license to use the trademarks listed in Appendix 1 hereto. 

  

	2.	This license shall be a permanent license. 

  

	3.	Geographical Scope: Party B may use the trademarks in China and all the other countries worldwide. 

  

	4.	Party A may use the trademarks for all ordinary commercial purposes in the abovementioned Geographical Scope. 

  

	5.	Provision of the logo of the registered trademark: Party A hereby authorizes Party B to print the logo of the licensed trademarks on its own. 

Rights and obligations of both parties: 
  

	6.	This trademark license shall be royalty free. 

  

	7.	Party A shall have the right to supervise the quality of Party B’s commodities on which the licensed trademarks are used, and Party B shall ensure that the
aforesaid commodities are of good quality. 

  

	8.	Party B shall not change the characters, pictures or the combination thereof of the registered trademarks of Party A. Nor shall Party B use the registered trademarks of
Party A on products which are beyond the licensed scope. 

  

	9.	Without Party A’s authorization, Party B shall not permit any third party to use the registered trademarks of Party A in any form or for any reason.

  

	10.	In compliance with the Trademark Law, Party B must clearly indicate the name of Party B and the place of production on the commodities on which the licensed trademarks
are used. 

  

	11.	Party A shall file this agreement with the Trademark Office, and Party B shall submit a copy of this agreement to the local Administrative Bureau for Industry and
Commerce of Party B’s domicile for record. 

  

	12.	Both parties shall negotiate two months prior to the expiration of this agreement and decide whether or not this agreement shall be renewed. In the event that both
parties agree to renew this agreement, both parties shall execute and file a new Trademark License Agreement. In the event that no agreement on renewal is reached, this agreement shall terminate automatically upon expiration.

 Commencement and termination of this agreement 
  

	13.	This agreement shall take effect on the day on which both parties sign and seal this agreement. 

  

	14.	This agreement shall terminate: 

  

	 	1)	Upon expiration of the term of license if no agreement on renewal is reached; 

  

	 	2)	If Party B violates the stipulations of the Trademark Law and the Implementation Rules and materially impaired Party A’s reputation through improper use of the
licensed trademarks. 

 Applicable law and dispute settlement 
  

	15.	The conclusion, interpretation, validity and dispute settlement of this agreement shall be governed by relevant laws and regulations such as the Trademark Law and the
Implementation Rules. 

  

	16.	Amendment to this agreement shall only be made by both parties in writing. Any amendment to this agreement shall also be filed with the Trademark Office where this
agreement is filed. 

  

	17.	In the event that either party incurs any loss due to the other party’s failure to perform its obligations hereunder or material breach hereof, such party shall
have the right to demand damages from the default party. After paying the damages, the parties may negotiate and decide to continue the performance of this agreement. 

  

	18.	In the event that a dispute cannot be settled through negotiation, both parties agree to submit such dispute to the Arbitration Committee of China Council for the
Promotion of International Trade for arbitration in accordance with Arbitration Law of the People’s Republic of China. The arbitral award shall be final and binding on both parties. 

 Miscellaneous: 
  

	19.	Both parties may negotiate and enter into supplementary agreement in respect of matters uncovered by this agreement in accordance with the Trademark Law. Supplementary
agreement shall have same effect as this agreement. 

  

	20.	This agreement is executed in four copies. According to the Trademark Law and the Implementation Rules, within three months of execution of this agreement, Party A
shall file a copy of this agreement with the Trademark Office of State Administration of Industry and Commerce, and Party B shall submit a copy of this agreement to the local Administrative Bureau for Industry and Commerce of the Party B’s
domicile for record. 

 Licensor (seal): Daqo Group Co., Ltd. 
 /s/ Guangfu Xu 

 Licensee (seal): Chongqing Daqo New Energy Co., Ltd. 
 /s/ Gongda Yao 
 Licensee (seal): Nanjing Daqo New
Energy Co., Ltd. 
 /s/ Gongda Yao 
 Date: May 8, 2009 

 Appendix One: 
  

													
	 Serial number
	  	 Registered
trademark
	  	 Trademark
registrant
	  	 Place of registration
	  	 Type of
commodities
permitted to use the
trademark

	  	 Number of
certificate
of
trademark
registration
	  	 Valid until

	 1
	  	LogoNon-Competition Agreement

 Exhibit 10.28 
 NON-COMPETITION AGREEMENT 
 THIS
NON-COMPETITION AGREEMENT (this “Agreement”) is entered into as of July 1, 2008, by and among Daqo Group Co., Ltd. (“Daqo Group”), Mega Stand International Limited (“Mega Stand”) and Chongqing
Daqo New Energy Co., Ltd. (“New Energy”). 
 The parties, intending to be legally bound, agree as follows:

 1. Non-competition Undertaking of Daqo Group. During the period commencing at the date hereof and as long as Mega
Stand or Daqo New Energy is in existence (the “Restricted Period”), Daqo Group shall not directly or indirectly (whether for compensation or otherwise) or cause any of its Affiliates (other than Mega Stand, New Energy and other
subsidiaries of Mega Stand) to (i) engage in the business of manufacturing, marketing or distributing polysilicon, solar wafer, solar module or any other solar-power products anywhere in the world or (ii) competes in any way or manner with
any businesses of New Energy, as such business or businesses may be conducted from time to time during the Restricted Period ((i) and (ii) collectively referred to as “Competitive Activities”). Furthermore, during the
Restricted Period, Daqo Group shall not directly or indirectly (whether for compensation or otherwise) own or hold any proprietary interest in, manage, operate, or control, or join or participate in, the ownership, management, operation, or control
of, or furnish any capital to or be connected in any manner with, any party that engages in the Competitive Activities. For the purposes of this Non-Competition Agreement, “proprietary interest” means legal or equitable ownership, whether
through stock holding or otherwise, of an equity interest in a business, firm, or entity. For purposes of this Non-Competition Agreement, “Affiliate” means any individual or entity that directly or indirectly controls, is controlled
by, or is under common control with, another individual or entity. 
 2. Injunctive Relief; Reasonableness. Daqo Group
acknowledges and agrees that the non-competition and other covenants and agreements made by Daqo Group herein each are of substantial value and that a breach of any of those covenants and agreements would cause irreparable harm to Mega Stand and New
Energy. Therefore, in addition to any other remedies that may be available under this Agreement, Mega Stand and New Energy shall be entitled to seek temporary restraining orders, injunctions and/or other equitable relief. The parties expressly agree
that the character, duration and geographical scope of this Agreement are reasonable in light of the circumstances as they exist on the date upon which this Agreement has been executed. 
 3. Severability. All provisions of this Non-Competition Agreement are intended to be severable. In the event any provision or
restriction contained herein is held to be invalid or unenforceable in any respect, in whole or in part, such finding will in no way affect the validity or enforceability of any other provision of this Non-Competition Agreement. The parties hereto
further agree that any such invalid or unenforceable provision shall be deemed modified so that it shall be enforced to the greatest extent permissible under law, and to the extent that any court of competent jurisdiction determines any restriction
herein to be unreasonable in any respect, such court may limit this Non-Competition Agreement to render it reasonable in the light of the circumstances in which it was entered into and specifically enforce this Non-Competition Agreement as limited.

 4. Construction. This Non-Competition Agreement and all questions relating to its validity, interpretation,
performance, and enforcement (including, without limitation, provisions concerning limitations of actions), shall be governed by and construed in accordance with laws of the People’s Republic of China. Any legal suit, action, or proceeding
brought by any of the parties that arises out of or is based upon this Non-Competition Agreement shall be instituted in the courts of Chongqing, China. 

 IN WITNESS WHEREOF, the parties hereto have executed this Non-Competition Agreement as of the date above.

  

			
	Daqo Group Co., Ltd.
		
	Signed by:	 	/s/ Xu Xiang
	Name:	 	Xu Xiang
	Title :	 	President

  

			
	Mega Stand International Limited
		
	Signed by:	 	/s/ Gongda Yao
	Name:	 	Gongda Yao
	Title :	 	Authorized Signatory

  

			
	Chongqing Daqo New Energy Co., Ltd.
		
	Signed by:	 	/s/ Gongda Yao
	Name:	 	Gongda Yao
	Title :	 	General Manager

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