Document:

Form of Employment Agreement between the Registrant and an Executive Officer

 Exhibit 10.3 
 FORM OF EMPLOYMENT AGREEMENT 
 This EMPLOYMENT
AGREEMENT (the “Agreement”) is entered into as of                         ,
             by and between Daqo New Energy Corp., a company incorporated and existing under the laws of the Cayman Islands (the “Company”) and
                    , an individual (the “Executive”). The term “Company” as used herein with respect to all obligations
of the Executive hereunder shall be deemed to include the Company and all of its direct or indirect parent companies, subsidiaries, affiliates, or subsidiaries or affiliates of its parent companies (collectively, the “Group”).

 RECITALS 
 A.
The Company desires to employ the Executive and to assure itself of the services of the Executive during the term of Employment (as defined below). 
 B. The Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of this Agreement. 
 AGREEMENT 
 The parties hereto agree as follows: 
  

	1.	POSITION 

 The Executive
hereby accepts a position of                      (the “Employment”) of the Company. 
  

	2.	TERM 

 Subject to the
terms and conditions of this Agreement, the initial term of the Employment shall be              years, commencing on
            ,              (the “Effective Date”), until
                    ,              unless terminated earlier pursuant to the terms of
this Agreement. Upon expiration of the initial three-year term, the Employment shall be automatically extended for successive one-year terms unless either party gives the other party hereto a prior written notice to terminate the Employment prior to
the expiration of such one-year term or unless terminated earlier pursuant to the terms of this Agreement. 
  

	3.	DUTIES AND RESPONSIBILITIES 

 The Executive’s duties at the Company will include all jobs assigned by the Board of Directors of the Company (the “Board”)[, or if authorized by the Board, by the Company’s Chief Executive Officer]. 

The Executive shall devote all of his/her/her working time, attention and skills to the performance of his/her duties at the Company and
shall faithfully and diligently serve the Company in accordance with this Agreement and the guidelines, policies and procedures of the Company approved from time to time by the Board. 
 The Executive shall use his/her best efforts to perform his/her duties hereunder. The Executive shall not, without the prior written consent
of the Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be concerned or interested in the business or entity that competes with that carried on by the Company (any such
business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any

  

 1 

 
shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere. The Executive shall notify the Company in writing of his/her
interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require. 
  

	4.	NO BREACH OF CONTRACT 

 The Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or
otherwise contravene, the terms of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements that are required to be entered into by and between the Executive and any member of the Group pursuant to
applicable law of the jurisdiction where the Executive is based, if any; (ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would
prevent, or be violated by, the Executive entering into this Agreement or carrying out his/her duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other
person or entity except for other member(s) of the Group, as the case may be. 
  

	5.	LOCATION 

 The Executive
will be based in                     , China or any other location as requested by the Company during the term of this Agreement. 
  

	6.	COMPENSATION AND BENEFITS 

  

	 	(a)	Cash Compensation. The Executive’s cash compensation (inclusive of the statutory welfare reserves that the Company is required to set aside for the
Executive under applicable law) shall be provided by the Company pursuant to Schedule A hereto, subject to annual review and adjustment by the Company or the compensation committee of the Board (or the Board itself, before the formation of
the compensation committee). 

  

	 	(b)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible for participating in such plan pursuant
to the terms thereof as determined by the Company, [and the Company will grant an option to purchase                      ordinary shares of the
Company to you at an exercise price to be determined by the Board.] 

  

	 	(c)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company
in the future, including, but not limited to, any retirement plan, health insurance plan and travel/holiday policy. 

  

	7.	TERMINATION OF THE AGREEMENT 

  

	 	(a)	 By the Company. The Company may terminate the Employment for cause, at any time, without advance notice or remuneration, if (1) the
Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement, (2) the Executive has been negligent or acted dishonestly to the detriment of the Company, (3) the Executive has engaged in
actions amounting to misconduct or failed to perform his/her duties hereunder and such failure

  

 2 

	 	 
continues after the Executive is afforded a reasonable opportunity to cure such failure, (4) the Executive has died, or (5) the Executive has a disability which shall mean a physical or
mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his/her employment with the Company, even with reasonable accommodation that does not impose an undue hardship on the
Company, for more than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period would apply. In addition, the Company may terminate the Employment without cause, at any time, upon
one-month prior written notice to the Executive. Upon termination without cause, the Company shall provide the Executive with a severance payment in cash in an amount equal to the Executive’s one-year salary at the then current rate. Under such
circumstance, the Executive agrees not to make any further claims for compensation for loss of office, accrued remuneration, fees, wrongful dismissal or any other claim whatsoever against the Company or its subsidiaries or the respective officers or
employees of any of them. 

  

	 	(b)	By the Executive. If there is a material and substantial reduction in the Executive’s existing authority and responsibilities, the Executive may resign upon
one-month prior written notice to the Company. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by
the Board. 

  

	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the
terminating party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination. 

  

	8.	CONFIDENTIALITY AND NONDISCLOSURE 

  

	 	(a)	Confidentiality and Non-disclosure. In the course of the Executive’s services, the Executive may have access to the Company and/or the Company’s
customer/supplier’s and/or prospective customer/supplier’s trade secrets and confidential information, including but not limited to those embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other
information storage devices, hardware, or other media or vehicles, pertaining to the Company and/or the Company’s customer/supplier’s and/or prospective customer/supplier’s business. All such trade secrets and confidential information
are considered confidential. All materials containing any such trade secret and confidential information are the property of the Company and/or the Company’s customer/supplier and/or prospective customer/supplier, and shall be returned to the
Company and/or the Company’s customer/supplier and/or prospective customer/supplier upon expiration or earlier termination of this Agreement. The Executive shall not directly or indirectly disclose or use any such trade secret or confidential
information, except as required in the performance of the Executive’s duties in connection with the Employment, or pursuant to applicable law. 

  

	 	(b)	Trade Secrets. During and after the Employment, the Executive shall hold the Trade Secrets in strict confidence; the Executive shall not disclose these Trade
Secrets to anyone except other employees of the Company who have a need to know the Trade Secrets in connection with the Company’s business. The Executive shall not use the Trade Secrets other than for the benefits of the Company.

  

 3 

 “Trade Secrets” means information deemed confidential by the Company,
treated by the Company or which the Executive know or ought reasonably to have known to be confidential, and trade secrets, including without limitation designs, processes, pricing policies, methods, inventions, conceptions, technology, technical
data, financial information, corporate structure and know-how, relating to the business and affairs of the Company and its subsidiaries, affiliates and business associates, whether embodied in memoranda, manuals, letters or other documents, computer
disks, tapes or other information storage devices, hardware, or other media or vehicles. Trade Secrets do not include information generally known or released to public domain through no fault of yours. 
  

	 	(c)	Former Employer Information. The Executive agrees that he has not and will not, during the term of his/her employment, (i) improperly use or disclose any
proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of
Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it
harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing. 

  

	 	(d)	Third Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties their confidential or
proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third
parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner
consistent with, and for the limited purposes permitted by, the Company’s agreement with such third party. 

 This Section 8 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 8, the Company shall have right to seek remedies permissible under applicable law. 
  

	9.	INVENTIONS 

  

	 	(a)	 Inventions Retained and Licensed. The Executive has attached hereto, as Schedule B, a list describing all inventions, ideas,
improvements, designs and discoveries, whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the Executive or
jointly with others) that (i) were developed by Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Company’ actual or proposed business, products
or research and development, and (iii) are not assigned to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule B, the
Executive hereby acknowledges that, if in the course of his/her service for the Company, the Executive incorporates into a Company product, process or

  

 4 

	 	 
machine a Prior Invention owned by the Executive or in which he has an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide right
and license (which may be freely transferred by the Company to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior Invention as part of or in connection with such product, process or
machine. 

  

	 	(b)	Disclosure and Assignment of Inventions. The Executive understands that the Company engages in research and development and other activities in connection with
its business and that, as an essential part of the Employment, the Executive is expected to make new contributions to and create inventions of value for the Company. 

 From and after the Effective Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs, original
works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works and trade secrets (collectively, the “Inventions”), which the Executive may solely or jointly conceive or develop or
reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of the Executive’s Employment at the Company. The Executive acknowledges that copyrightable works prepared by the Executive within the scope of
and during the period of the Executive’s Employment with the Company are “works for hire” and that the Company will be considered the author thereof. The Executive agrees that all the Inventions shall be the sole and exclusive
property of the Company and the Executive hereby assign all his/her right, title and interest in and to any and all of the Inventions to the Company or its successor in interest without further consideration. 
  

	 	(c)	Patent and Copyright Registration. The Executive agrees to assist the Company in every proper way to obtain for the Company and enforce patents, copyrights, mask
work rights, trade secret rights, and other legal protection for the Inventions. The Executive will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade
secrets and other legal protections. The Executive’s obligations under this paragraph will continue beyond the termination of the Employment with the Company, provided that the Company will reasonably compensate the Executive after such
termination for time or expenses actually spent by the Executive at the Company’s request on such assistance. The Executive appoints the Secretary of the Company as the Executive’s attorney-in-fact to execute documents on the
Executive’s behalf for this purpose. 

  

	 	(d)	Return of Confidential Material. In the event of the Executive’s termination of employment with the Company for any reason whatsoever, Executive agrees
promptly to surrender and deliver to the Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information or to his/her employment, and Executive will not retain or take with him or her
any tangible materials or electronically stored data, containing or pertaining to any confidential information that Executive may produce, acquire or obtain access to during the course of his/her employment. 

 This Section 9 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9,
the Company shall have right to seek remedies permissible under applicable law. 
  

 5 

	10.	CONFLICTING EMPLOYMENT. 

 The Executive hereby agrees that, during the term of his/her employment with the Company, he will not engage in any other employment, occupation, consulting or other business activity related to the business in which the Company is now
involved or becomes involved during the term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with his/her obligations to the Company without the prior written consent of the Company.

  

	11.	NON-COMPETITION AND NON-SOLICITATION 

 In consideration of the compensation provided to the Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the parties hereto, the Executive agree that during the term of the
Employment and for a period of two years following the termination of the Employment for whatever reason: 
  

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity
as a representative of the Company for the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities; 

  

	 	(b)	unless expressly consented to by the Company, the Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or
engage, whether as principal, partner, licensor or otherwise, in any Competitor; and 

  

	 	(c)	unless expressly consented to by the Company, the Executive will not seek directly or indirectly, by the offer of alternative employment or other inducement whatsoever,
to solicit the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination. 

 The provisions contained in Section 12 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void under applicable laws but would be
valid if some part thereof was deleted or the period or area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective. 
 This Section 11 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this
Section 11, the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary
damages if appropriate). In any event, the Company shall have right to seek all remedies permissible under applicable law. 
  

	13.	WITHHOLDING TAXES 

 Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement such national, provincial,
local or any other income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation. 
  

 6 

	14.	ASSIGNMENT 

 This
Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or
transfer this Agreement or any rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a merger, consolidation, or transfer or sale of all or substantially all of the assets of the company with
or to any other individual(s) or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and
obligations of the Company hereunder. 
  

	15.	SEVERABILITY 

 If any
provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the
provisions of this Agreement are declared to be severable. 
  

	16.	ENTIRE AGREEMENT 

 This
Agreement constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The
Executive acknowledges that he has not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive
and the Company. 
  

	17.	GOVERNING LAW 

 This
Agreement shall be governed by and construed in accordance with the law of the State of New York, USA, without regard to the conflicts of law principles. 
  

	18.	AMENDMENT 

 This Agreement
may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both of the parties hereto. 
  

	19.	WAIVER 

 Neither the
failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any
other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with
respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 
  

 7 

	20.	NOTICES 

 All notices,
requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor,
(iii) sent by a recognized courier with next-day or second-day delivery to the last known address of the other party; or (iv) sent by e-mail with confirmation of receipt. 
  

	21.	COUNTERPARTS 

 This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall
become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the
originals for any purpose. 
  

	22.	NO INTERPRETATION AGAINST DRAFTER 

 Each party recognizes that this Agreement is a legally binding contract and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not
be construed against either party on the basis of that party being the drafter of such terms. 
 [Remainder of this page
intentionally has been intentionally left blank.] 
  

 8 

 IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above. 
  

			
	Daqo New Energy Corp.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Executive
		
	Signature:	 	  

	Name:	 	

  

 9 

 Schedule A 
 Cash Compensation 
  

					
	 	  	 Amount
	  	Pay Period
	 Base Salary
	  		  	
			
	 Cash Bonus
	  		  	

  

 10 

 Schedule B 
 List of Prior Inventions 
  

					
	 Title
	    	 Date
	    	 Identifying Number
 or Brief Description

  
  
              No inventions or improvements 
              Additional Sheets Attached 
  

			
	Signature of Executive:	 	  

			
		
	Print Name of Executive:	 	  

							
				
	Date:	 	                          
	 		 	

  

 11English translation of the Lease Agreement

 Exhibit 10.4 
 English Translation 
 Lease Agreement 
 Lessor: Daqo New Material Co., Ltd. 
 Legal
address: Wanzhou Industrial Park, Chongqing 
 Legal representative: Xu Guangfu 
 Lessee: Chongqing Sailing New Energy Co., Ltd. 
 Legal address: Xianjia Village, Longdu
Neighborhood, Wanzhou District, Chongqing (in the Salt Gasification Industrial Park of Wanzhou District) 
 Legal representative: Xu Guangfu

 In accordance with the Contract Law of the People’s Republic of China and relevant laws and regulations, the Lessor and the Lessee
negotiated and entered into this Agreement to specify the rights and obligations of each party with respect to the lease of land, facilities and equipments based on the principle of equality, free-will, fairness and honesty. 
 Article One: Name, Model, Specification, Quantity and Site of Utilization of the Leased Equipments 
 Please refer to the appendix for details. 
 Article Two: Term of Lease 
  

	1.	The term of lease for equipment shall be five years, starting from July 1, 2008 through June 30, 2013. At the expiration of the term of lease, the Lessee
shall return the leased equipment to the Lessor in good condition. 

  

	2.	In the event that the Lessee intends to extend the term of lease, it shall deliver a written request for renewal to the Lessor within one month prior to the expiration
of this Agreement. If both parties agree to renew this Agreement, the term of lease shall be extended for another five years. 

  

	3.	At the expiration of the term of lease, the Lessee shall have the right of first refusal to lease the equipments upon the same conditions. 

 Article Three: Title of the Leased Equipment 
  

	1.	Within the term of lease, the title of the leased equipment as set forth in Article 1 of this Agreement shall belong to the Lessor. The Lessee has no title to the
leased equipment but only right to use. 

  

	2.	In the event that the Lessor transfers the title of the leased equipment to a third party in accordance with applicable laws or legal procedures, the terms and
conditions of this Agreement shall continue to be valid toward the new owner of the leased equipment unless otherwise agreed. 

  

	3.	Within the term of lease, the Lessee shall obtain a written consent from the Lessor prior to conducting any improvements or adding any attachments to the leased
equipment. Without such consent, the Lessee shall not add or remove any components from the leased equipment, nor shall it mortgage the leased equipment for any reason; otherwise the Lessee shall be liable for all the damages thus caused.

  

 1 

	4.	Within the term of lease, without prior written consent of the Lessor, the Lessee shall not sublease or transfer its possession of the leased equipment in any manner.
However, if otherwise required or permitted by this Agreement, the Lessee can transfer its possession of the leased equipment accordingly, or deliver the leased equipment to the Lessor for the performance of services, repair, maintenance,
examination, renovation, improvements or addition. 

 Article Four: Rental and Payment 
  

	1.	Rental: the rental shall be RMB 9.95 million per month. 

  

	2.	 Payment of rental: the rental shall be calculated on a monthly basis. The Lessor shall send to the Lessee a monthly rental statement, together with the
invoice, on the 25th day of every month for settlement.
The Lessee shall pay the rental to the Lessor within ten business days after receiving the statement and invoice. 

  

	3.	The beginning and ending date for the calculation of the rental: 

  

	 	(1)	July 1, 2008 shall be the date from which the rental is calculated. The Lessee shall be obligated to pay the rental after the leased equipment is delivered to the
place specified by the Lessee no matter whether or not the Lessee has started operation. 

  

	 	(2)	Within the term of lease, the Lessee shall continue to pay the rental during the period of shutdown if such shutdown is caused by the Lessee or natural conditions.

 Article Five: Deposit 
 The parties agree that the Lessee shall pay to the Lessor a deposit of RMB 1. After payment of the deposit, the Lessee may proceed with the formalities for taking delivery of the leased equipment. Within the term of lease, the deposit shall
not be used to offset the rental. At the expiration of the term of lease, after deduction of the applicable damages for any impairment to the leased properties, the Lessor shall return any balance of the deposit to the Lessee. 
 Article Six: Delivery and Inspection of the Leased Equipment 
  

	1.	Place of delivery of the leased equipment: The Lessor shall deliver the leased equipment to the Lessee at the place designated by both parties. The Lessor shall not be
liable for any delay caused by unforeseeable, unavoidable and insurmountable objective conditions. 

  

	2.	The Lessee shall inspect the leased equipment at the place of delivery within one hour after receipt of the leased equipment. After inspection, the Lessee shall
provide the Lessor with a signed and sealed receipt of leased equipment. 

  

	3.	If the Lessee fails to conduct the inspection within the time limit specified in section 2 of this clause, the leased equipment shall be deemed as inspected and
delivered in perfect condition. 

  

	4.	If the Lessee discovers during inspection that the conditions of the leased equipment are inconsistent with the terms and conditions of this Agreement, including but
not limited to inconsistencies in respect of the model, specification, quantity and technical performance, the Lessee shall notify the Lessor in writing of such inconsistencies within the same day of delivery or in any event no later than one
day thereafter. Should the Lessee fail to notify the Lessor within the aforesaid time limit, the leased equipment shall be deemed as in compliance with the requirements of this Agreement. 

  

 2 

 Article Seven: Utilization, Repair, Maintenance and Expenses 
  

	1.	The leased equipment shall be used by the Lessee during the term of lease. The Lessee shall be responsible for and bear the cost of fuel, daily repair and maintenance
of the leased equipment and shall keep the leased equipment in desirable conditions. 

  

	2.	In the event that the leased equipment breaks down and cannot be repaired by the Lessee, the Lessee shall notify the Lessor immediately for repair. The Lessor shall
repair the leased equipment within three days. If the Lessor is not able to finish the repair within three days, the Lessee shall be exempted from paying the rental for the number of days thereafter until the Lessor finishes the
repair. 

  

	3.	The Lessee shall be liable for all the damages in the event that the leased equipment causes any losses to any third party during installation, safekeeping and
utilization. 

  

	4.	The Lessee shall be liable for all the expenses and taxes incurred during installation, safekeeping and utilization of the leased equipment. 

Article Eight: Return of the Leased Equipments 
 Upon expiration of the term of lease, if the Lessee does not continue to lease the equipment, the Lessee shall return the leased equipment to the Lessor. At the time of return, the following conditions must be satisfied or the Lessee shall
be liable for damages. 
  

	1.	A complete set of documents of the leased equipment shall be returned; 

  

	2.	The key indicators of the leased equipment, including but not limited to performance and precision, shall meet manufacturing requirements; 

  

	3.	The leased equipment shall be in good working order and condition; 

 Article Nine: Damage or Destruction of the Leased Equipment 
  

	1.	The Lessee shall undertake the risks of damage (other than normal wears) or destruction of the leased equipment caused by the Lessee during the term of lease. If this
Agreement cannot be performed or any party suffers losses due to force majeure, both parties shall settle through negotiation based on actual circumstances. 

  

	2.	If the leased equipment is damaged or destroyed, the Lessee shall promptly notify the Lessor of such damage or destruction. The Lessor shall have the right to choose
any one of the following methods at the cost and expenses of the Lessee: 

  

	 	(1)	Restore or repair the leased equipment to its normal working condition; 

  

	 	(2)	Replace the components or accessories of the leased machine with those of the same model and performance in such way that the leased equipment can be restored to normal
working condition; or 

  

	 	(3)	If the leased equipment is damaged or destroyed to such extent that it cannot be repaired, the Lessee shall compensate the Lessor for its damages as stipulated in
Appendix One of this Agreement. 

  

 3 

 Article Ten: Obligations and Responsibilities of Both Parties 
  

	 	1.	Obligations and responsibilities of the Lessor: 

  

	 	(1)	The Lessor shall not interfere with the Lessee’s quiet enjoyment of the right to use, possess and operate the leased equipment during the term of lease. However,
Lessor’s proper exercise of the rights under or in relation with this Agreement shall not constitute the aforesaid interference. 

  

	 	(2)	The Lessor shall assist the Lessee in construction, manufacturing and operation, including but not limited to satisfying the Lessee’s construction requirements.

  

	 	(3)	The Lessor shall provide assistance to the operation of the leased equipment and train professional repairers and maintainers. The Lessor shall also be responsible for
the daily maintenance and resolving any breakdown of the leased equipment so as to ensure that the leased equipment is in a good working condition. 

  

	 	2.	The obligations and responsibilities of the Lessee: 

  

	 	(1)	Legitimate and safe operation: 

 The Lessee shall: 
 (i) not take any action in respect of the operation and maintenance of the leased equipment if the
action or inaction in this regard will result in violation of any applicable laws by the Lessor or Lessee; 
 (ii) not use or
allow others to use the leased equipment against the instructions in the operation handbook of the leased equipment. Nor shall the Lessee use the leased equipment in any manner other than designed or reasonably implicated; 
 (iii) ensure that the engineers and other employees responsible for the utilization, operation and maintenance of the leased equipment have
corresponding qualifications and hold the certificates required by the applicable laws; 
 (iv) only use the leased equipment for
commercial purpose or any other purposes authorized by the applicable laws; 
 (v) not use or allow others to use the leased
equipment in any manner that in the judgment of a reasonable person will cause damages to the leased equipment, nor shall the Lessee use or allow others to use the leased equipment in any manner that is not covered by adequate insurance policies. In
addition, the Lessee shall use the leased equipments in compliance with regulations or limitative stipulations promulgated by relevant governmental authorities from time to time; 
 (vi) acquire and maintain all the certificates, licenses, permits and authorizations necessary for the utilization and operation of the
leased equipment at all times. The Lessee shall also strictly perform the relevant payment obligations and other relevant obligations under this Agreement; and 
 (vii) not use or operate or allow others to use or operate the leased equipment during the term of lease in any manner or in any area that is not covered by insurance policies, nor shall the Lessee use or
operate or allow others to use or operate the leased equipment in any manner that will impair the interests of the Lessor in respect of insurance, the leased equipment or any components thereof. 
  

 4 

	(2)	Title and Property Rights 

 The Lessee shall:

 (i) not or allow others to act or neglect to act, whether intentionally or negligently, in any manner that in the judgment of
a reasonable person will endanger the interests of the Lessor as the owner of the leased equipment, or the interests of any other beneficiary parties covered by any insurance policies; 
 (ii) clarify to any third party that the title of the leased equipment belongs to the Lessor in any circumstances that concerns the ownership
of the leased equipment or any components thereof; 
 (iii) not create or allow others to create any security interests on the
leased equipment or any components thereof (other than the permitted lien); 
 (iv) not take or allow others to take any actions
that in the judgment of a reasonable person will place the leased equipment or any components thereof under any fine, confiscation, seizure, detainment, appropriation, damage or destruction. Without prejudice to the aforesaid stipulation, if any
fine, confiscation, seizure, detainment, appropriation, damage or destruction occurs, the Lessee shall promptly notify the Lessor and exert all commercially reasonable efforts to remove the aforesaid encumbrances from the leased equipment or any
components thereof (depending on the actual circumstances); and 
 (v) not create any security interests for any third party on
the land, buildings or facilities on or in which the leased equipment locates without a prior written consent of the Lessor. 
  

	(3)	Protection 

 The Lessee shall: 
 (i) maintain the registration of the leased equipment in the name of the Lessor according to the requirements of the applicable laws (or in a
manner that maximally reflects the interests of the Lessor as permitted by law for those equipments which cannot be registered in the name of the Lessor), and shall not take or allow others to take any actions that may impair the registration;

 (ii) take all actions and measures as may be required by the Lessor (including but not limited to filing records or
registrations with relevant governmental authorities or complying with any applicable laws) and sign, deliver, notarize, file, register and keep track of all the documents (including but not limited to any amendments to this Agreement); 

(iii) ensure that the rights of the Lessor hereunder and as the owner of the leased equipment are not affected after the Lessee having
made any improvements to or permanent replacements of the leased equipment or any components thereof; and 
 (iv) establish,
maintain, reserve, perfect and protect the rights of the Lessor hereunder and the relevant rights and interests of the Lessor as the owner of the leased equipment. 
  

	(4)	Maintenance and Overhaul 

 The Lessee shall:

 (i) ensure that the leased equipment are maintained and overhauled in the same way as similar leased equipments used in
commercial operations (except for normal wears and tears); 
 (ii) not substantially change the maintenance procedures for the
leased equipment without prior written consent of the Lessor after signing this Agreement; 
 (iii) maintain the leased equipment
in accordance with the maintenance procedures of the leased equipment; 
  

 5 

 (iv) maintain the leased equipment in the same manner and with at least the same degree of
care as the Lessee would have exerted for the maintenance of similar equipments the Lessee owns or operates, including but not limited to limitative stipulations, schedule of maintenance, improvements and technical conditions, as if the Lessee would
continue to retain and operate the leased equipment after the expiration of the term of lease, including but not limited to ensuring that all the warranties, performance guarantees or service policies which are necessary for the maintenance of the
leased equipment or any components thereof are fully effective; 
 (v) comply with any governmental requirements with respect to
obligatory inspections and reforms of the leased equipment or any components thereof; 
 (vi) comply with all applicable laws and
regulations promulgated by any competent governmental authorities with respect to the maintenance, conditions, utilization, operation, reform or replacement of the leased equipment or any components thereof. 
  

	(5)	Replacement and Removal of Components 

 The
Lessee shall immediately replace any lost, stolen, seized, confiscated, destroyed, damaged beyond repair, useless or permanently inapplicable components with the following components: 
 (i) Durable components which are in good working condition and with same or more advanced workmanship and model than the replaced components.
The replacement components shall also have the same exchangeability, value and practicability as the replaced components; 
 (ii)
The replacement components shall become the property of the Lessor and shall have no security interests thereupon (other than permitted lien). The installation of such replacement components on the leased equipment shall be subject to the terms and
conditions of this Agreement and no further action is needed; and 
 (iii) The Lessee has an integral and detailed set of
materials in respect of the source and maintenance records of the replacement components. 
  

	(6)	Alteration of the Leased Equipment 

 The Lessee
shall not make any alteration, including but not limited to modification or addition, to the leased equipment, unless such alteration: 
 (i) is permitted or required explicitly by this Agreement; or 
 (ii) will cost less than RMB50,000; or 
 (iii) has been approved by the Lessor by written consent and that such alteration will not decrease or impair the value, practicability or
conditions of the leased equipment. 
 Absent any default event, the Lessee can remove any altered component of the leased equipment as long as
such components can be removed without decreasing or impairing the value, practicability or conditions of the leased equipment. 
  

	(7)	Title to the Altered or Replaced Component 

 (i) All the components installed on the leased equipment in accordance with the requirements of maintenance and overhaul hereunder (whether in the form of replacement or in any other form) shall belong to
the Lessor according to the terms and conditions of this Agreement without requiring any further actions to be taken. The Lessor’s title to such components shall be free from any security interests (other than permitted lien). The Lessee shall
take all necessary actions and sign all necessary documents as may be required by the Lessor at its own cost so as to ensure that the title to the components are properly transferred to the Lessor in accordance with the stipulations of all
applicable laws. Upon request by the Lessor,

  

 6 

 
the Lessee shall provide evidence at any time to the satisfaction of the Lessor that the relevant title has been transferred to the Lessor (including but not limited to sales records and a copy
or copies of legal opinions as may be required by the Lessor). 
 (ii) Any components removed from the leased equipment shall
belong to the Lessor unless such removal constitute alteration of the leased equipment hereunder and the title to the replacement components has been transferred to the Lessor without any security interest thereupon (other than permitted lien), in
which event absent any default event, the title to the replaced component shall be transferred to the Lessee. 
  

	(8)	Software License 

 At any time after the
occurrence of a default event, the Lessee shall, upon request by the Lessor, promptly transfer to the Lessor or its nominee in a manner satisfactory to the Lessor all the rights, titles and interests of the computer software which is related to the
leased equipment and owned by or licensed to the Lessee. The Lessee shall ensure and procure that a copy of authorization letter shall be signed and delivered to the Lessor by the licensor, acknowledging the Lessor or its nominee’s rights and
interests with respect to such computer software. 
  

	(9)	Other Information 

 The Lessee shall: 

(i) immediately notify the Lessor of any default event, destruction or damages or any other event that may adversely affect the
Lessee’s ability to perform its obligations hereunder; 
 (ii) upon request, provide the Lessor with its latest financial
statements and annual reports; 
 (iii) immediately provide all the information in relation with the leased equipment, including
but not limited to the use, location and conditions of the leased equipment and any components thereof, as may be reasonably required by the Lessor at any time; 
 (iv) immediately notify the Lessor of the following information: 
  

	 	(A)	any loss, theft, damage or destruction of the leased equipment or any components thereof, or any improvements to the leased equipment if the potential cost may exceed
the threshold for declaration; 

  

	 	(B)	any claims or other events for which the Lessor may be held liable, including any related insurance claims and any negotiations with the agent of the insurance company
in respect of such insurance claims (limited to the claims which involve an amount exceeding the minimal amount for notification); 

  

	 	(C)	any order issued by any governmental authorities with respect to temporary or permanent suspension of operations, abandonment of any factories or facilities, including
but not limited to the leased equipment, or suspension, withdrawal, cancellation of the business license of any factories or facilities which are related to the leased equipment; and 

  

	 	(D)	any material environmental accident. 

 Article Eleven: Liability for Breach 
  

	1.	Rights and Remedies 

 If any default event
occurs and continues, the Lessor shall be entitled to the following remedies without prejudice to any of its other rights under this Agreement. 
  

 7 

	 	(1)	exercise its rights under Section 2 of this Article (early termination); and/or 

  

	 	(2)	immediately terminate the lease of the equipment hereunder by sending a notice to the Lessee (without affecting any unfulfilled obligations of the Lessee hereunder),
upon the receipt of which all the rights of the Lessee in respect of the leased equipment hereunder shall terminate; and/or 

  

	 	(3)	enforce this Agreement or obtain damages through litigation or arbitration. 

  

	2.	Early Termination 

 If a default
event occurs, the Lessor can require the Lessee to return the leased equipment by written notice. Under such circumstance, the Lessee shall pay the aggregated amount of the following items to the Lessor within three (3) days after the default
event has occurred (the “Early Termination Date”): 
  

	 	(1)	any accumulated outstanding rental until the Early Termination Date; 

  

	 	(2)	any other payments owed by the Lessee to the Lessor, including payments that occur on the Early Termination Date or become due according to this Agreement or any other
document; and 

  

	 	(3)	any other costs and expenses incurred by the Lessor in relation with the return of the leased equipment which were reasonably foreseeable when entering into this
Agreement, including attorney’s fees, professional’s fees, examination fees, advancements and any other costs. 

 This clause, however, shall not prejudice the Lessor’s rights under any other documents or remedies available hereunder. 
  

	3.	Liquidated Damage 

 In the event
of breach of contract, the Lessee shall indemnify the Lessor for any losses directly or indirectly incurred or caused by such breach according to the requirements of the Lessor, including but not limited to: 
  

	 	(1)	Any loss of profit incurred by the Lessor or its financer due to the fact that the Lessor fails to lease the equipment to other lessees on the same favorable terms as
under this Agreement, or the return (if any) obtained by using the equipment for other purposes, or the proceeds from sale of the equipment or other means of disposition are less than the profits under this Agreement; or 

  

	 	(2)	The principal, interests and expenses of the loan borrowed for paying any unpaid amount, or other paid or payable amount; 

  

	 	(3)	If the Lessee fails to pay the rental on time or violates any provisions under this Agreement, the Lessor is entitled to take the following measures:

 (i) Require the Lessee to pay off the rental and other expenses in time and indemnify the losses; 
 (ii) Terminate this Agreement, recover the leased equipment, and require the Lessee to indemnify all the losses incurred. 
  

	4.	Sale or Re-lease of the Equipment 

 In the event
of breach of Agreement, the Lessor can decide to lease or re-lease the equipment or dispose the equipment in other ways at its discretion in the appropriate time and manner and on the appropriate condition. The Lessee shall not enjoy any interest as
if this Agreement had never been signed. 
  

 8 

 Article Twelve: Insurance 
  

	1.	Insurance 

  

	 	(1)	On or before the starting date of the lease and during the entire term of lease thereafter, the Lessee shall insure full value insurance (including all risks and
liability insurance) for the equipments for the interests of and in the way satisfactory to the Lessor, and completely maintain the validity of the insurance. 

  

	 	(2)	Such insurance shall be insured by the insurance company (or through the insurance broker if appropriate) and in the form approved by the Lessor, and shall only include
the exclusion clause that conforms to the common practice of the insurance market at any time. 

  

	2.	Beneficiary of the Insurance 

 The Lessee shall ensure that the first beneficiary is the Lessor, and shall completely waive the subrogation right against the Lessor. 
 Article Thirteen: Taxation 
  

	1.	The Lessee shall pay: 

  

	 	(1)	All the license and registration fees, taxes (other than the taxes imposed on the Lessor’s net income) and other payments of any other nature required by any
governmental authorities in respect of the equipment and/or this Agreement, including but not limited to the ownership of the equipment (but only limited to the Lessee’s ownership with regard to or attributable to or as a result of the
possession, operation, utilization or maintenance of the equipment), delivery, lease, possession, utilization, operation or reward of the equipment; and 

  

	 	(2)	All the rents, expenses, taxes (other than the taxes imposed on the Lessor’s net income) and other payments as a result of storage of relevant equipments or any
component thereof from time to time. 

  

	2.	The Lessee shall pay to the Lessor or relevant tax authority any value-added tax required to be imposed with respect to any supply under this Agreement. For the purpose
of this clause, “value-added tax” shall refer to the value-added tax, sales or business tax, or any other tax of similar nature of any goods and services, excluding the taxes imposed on the Lessor’s net income. “Supply”
shall include anything on which value-added tax can be collected. 

 Article Fourteen: Representations and Warranties

  

	1.	The Lessor represents and warrants that: 

  

	 	(1)	The Lessor is a duly incorporated and lawfully existing enterprise and has the right to execute and ability to perform this Agreement. 

  

	 	(2)	The Lessor has obtained the legitimate and valid approvals, certificates, licenses and qualifications required for execution and performance of this Agreement.

  

	 	(3)	When signing this Agreement, no court, arbitration commission, administrative authority or supervisory organization has made any judgment, ruling, award or specific
administrative behavior material enough to adversely affect the Lessor’s performance of this Agreement. 

  

	 	(4)	The Lessor has completed its internal authorization procedures necessary for signing this Agreement, and the signatory of this Agreement is the legal representative or
authorized representative of the Lessor. This Agreement shall be legally binding upon both parties after coming into effect. 

  

 9 

	2.	The Lessee represents and warrants that: 

 (1) The Lessee is a duly incorporated and lawfully existing enterprise and has the right to execute and ability to perform this Agreement. 
 (2) The Lessee has obtained the legitimate and valid approvals, certificates, licenses and qualifications required for execution and performance of this Agreement. 
 (3) When signing this Agreement, no court, arbitration commission, administrative authority or supervisory organization has made any
judgment, ruling, award or specific administrative behavior material enough to adversely affect the Lessee’s performance of this Agreement. 
 (4) The Lessee has completed its internal authorization procedures necessary for signing this Agreement, and the signatory of this Agreement is the legal representative or authorized representative of the
Lessee. This Agreement shall be legally binding upon both parties after coming into effect. 
 Article Fifteen: Confidentiality

  

	1.	Both parties promise to treat the business secrets obtained from the other party which are unable to be obtained from public sources (including but not limited to
technical information, operational information and other business information) as confidential. Without consent of the provider of the business secrets, neither party shall disclose all or part of the business secrets to any third party, unless
otherwise required by laws and regulations or otherwise agreed upon by both parties. The confidentiality obligation under this article shall remain effective after termination of this Agreement. 

  

	2.	If either party violates the abovementioned confidentiality obligation, it shall assume the corresponding liabilities for breach of this Agreement and indemnify the
other party for the losses incurred. 

 Article Sixteen: Force Majeure 
  

	1.	The force majeure under this Agreement refers to unforeseeable, insurmountable, unavoidable and objective event that materially affects one party, including but not
limited to natural disasters such as flood, earthquake, fire and windstorm, as well as social events such as war, turmoil and government behavior. 

  

	2.	If this Agreement cannot be performed as a result of force majeure, the affected party shall immediately notify the event of force mejeure to the other party in
writing, as well as provide detailed information of the event and written documents stating that the Agreement cannot be performed or its performance needs to be delayed within three days. After approval of both parties, both parties shall
negotiate to terminate or delay performance of this Agreement. 

 Article Seventeen: Notices 
  

	1.	Unless otherwise stipulated, all the notices under this Agreement or in connection with this Agreement shall be made in the form of a written letter or fax, and shall
be regarded as effective if transmitted in the following forms; 

  

	 	(1)	In the form of a letter, the notices shall take effect on the day of receipt or the seventh day after transmission (whichever is earlier), and 

 

	 	(2)	In the form of a fax, the notices shall take effect when the sending party otherwise notifies the other party of this transmission by phone after the notice is sent
out. 

  

 10 

	2.	The address, fax and telephone number of the Lessor and Lessee are as follows: 

 Lessee: 
 Address:
Xianjia Village, Longdu Neighborhood, Wanzhou District, Chongqing (in the Salt Gasification Industrial Park of Wanzhou District) 
 Contact Person: Zhou Qiangmin 
 Fax: 023-64866688 
 Telephone: 023-64866666 
 Lessor: 
 Address: The Industrial Park of Wanzhou District, Chongqing 
 Contact person: Li Yuanzhong 
 Fax: 023-64866529 
 Telephone: 023-64866508 
 Article Eighteen: Applicable Law and Dispute Settlement 
 1. This Agreement shall be governed by and interpreted according to the laws of the People’s Republic of China. 
 2. Any dispute arising from or in connection with this Agreement shall be submitted to China International Economic and Trade Arbitration Commission, and abided by the arbitration rules of the commission
effective at the time of submission. The arbitral venue is Beijing and Chinese shall be used during arbitration. The arbitral award shall be final and binding on both parties. 
 Article Nineteen: Interpretation 
 The understanding and interpretation of this Agreement shall be carried out according to the purposes of contract and the original meanings of the text of this Agreement. The title of this Agreement has
been added only for the convenience of reading, without prejudicing the interpretation of this Agreement. 
 Article Twenty:
Exclusiveness and Integrity 
 This Agreement is the only and complete agreement between the Lessor and the Lessee regarding
the lease of the equipment. It shall prevail over all the previous agreements, contracts or understandings with regard to this lease. Any revision to this Agreement shall be made in writing by both parties. 
 Article Twenty-one: Duplicates 
 This Agreement is executed in two or more copies, each of which shall be regarded as an original. All the documents shall constitute a same document. 
  

 11 

 Lessor (seal): Daqo New Material Co., Ltd. 
 June 30, 2008 
 Signed at: Wanzhou District, Chongqing 
 The Lessee (seal): Chongqing Sailing New Energy Co., Ltd. 
 June 30, 2008 
 Signed at: Wanzhou District, Chongqing 
  

 12 

 Appendix 
 1.Land: Located at Xian Jia Village, Longdu Avenue, Wanzhou District, Chongqing (salt and gas chemical industry park, Wanzhou District) 
 2. Real property 
  

									
	 Item
	  	 Property No.
	  	 Property name and specification
	  	 Category
	  	 Amount of liquidated damages

	office use
	1	  	TCSBYG00034	  	office building	  	premise and building	  	original construction cost
	2	  	TCSBYG00035	  	cafeteria, bathroom	  	premise and building	  	original construction cost
	3	  	TCSBYG00036	  	shif dorm	  	premise and building	  	original construction cost
	4	  	TCSBYG00025	  	gateman	  	premise and building	  	original construction cost
	manufacturing use
	5	  	TCSBYG00001	  	HCL Synthesis	  	Buildings and Structures	  	original construction cost
	6	  	TCSBYG00002	  	TCS Synthesis	  	Buildings and Structures	  	original construction cost
	7	  	TCSBYG00003	  	TCS Tail Gas Treatment	  	Buildings and Structures	  	original construction cost
	8	  	TCSBYG00004	  	TCS Distillation Still	  	Buildings and Structures	  	original construction cost
	9	  	TCSBYG00005	  	TCS Reduction and TET Hydrogenation	  	Buildings and Structures	  	original construction cost
	10	  	TCSBYG00006	  	Tail Gas Reclaiming	  	Buildings and Structures	  	original construction cost
	11	  	TCSBYG00007	  	Hydrogen Purification	  	Buildings and Structures	  	original construction cost
	12	  	TCSBYG00008	  	Waste Treatment	  	Buildings and Structures	  	original construction cost
	13	  	TCSBYG00009	  	Post-Treatment Factory	  	Buildings and Structures	  	original construction cost
	14	  	TCSBYG00010	  	Central Laboratory	  	Buildings and Structures	  	original construction cost
	15	  	TCSBYG00011	  	Central Control Room	  	Buildings and Structures	  	original construction cost
	16	  	TCSBYG00012	  	Storing and Vaporization of Liquid Nitrogen	  	Buildings and Structures	  	original construction cost
	17	  	TCSBYG00013	  	Chlorosilane Tank Field	  	Buildings and Structures	  	original construction cost
	18	  	TCSBYG00014	  	TCS Tank Field	  	Buildings and Structures	  	original construction cost
	19	  	TCSBYG00015	  	Loading and Unloading Trestle Work	  	Buildings and Structures	  	original construction cost
	20	  	TCSBYG00016	  	Raw Material Warehouse	  	Buildings and Structures	  	original construction cost
	21	  	TCSBYG00017	  	Nitrogen Station and Air Compression Station	  	Buildings and Structures	  	original construction cost
	22	  	TCSBYG00018	  	Refrigeration Station	  	Buildings and Structures	  	original construction cost
	23	  	TCSBYG00019	  	Outer Piping of the Whole Factory	  	Buildings and Structures	  	original construction cost
	24	  	TCSBYG00020	  	Water Supply and Sewage of the Whole Factory	  	Buildings and Structures	  	original construction cost
	25	  	TCSBYG00021	  	Electricity Supply of the Whole Factory	  	Buildings and Structures	  	original construction cost
	26	  	TCSBYG00022	  	Telecommunication of the Whole Factory	  	Buildings and Structures	  	original construction cost
	27	  	TCSBYG00023	  	Fire Control of the Whole Factory	  	Buildings and Structures	  	original construction cost
	28	  	TCSBYG00024	  	Illumination of the Whole Factory	  	Buildings and Structures	  	original construction cost
	29	  	TCSBYG00026	  	Ground Weigher	  	Buildings and Structures	  	original construction cost
	30	  	TCSBYG00027	  	General Electric Power Substation of the Whole Factory	  	Buildings and Structures	  	original construction cost
	31	  	TCSBYG00028	  	Electric Power Substation	  	Buildings and Structures	  	original construction cost
	32	  	TCSBYG00029	  	Water Supply and Sewage Device	  	Buildings and Structures	  	original construction cost
	33	  	TCSBYG00030	  	Recycled Water	  	Buildings and Structures	  	original construction cost
	34	  	TCSBYG00031	  	Pure Water Station	  	Buildings and Structures	  	original construction cost
	35	  	TCSBYG00032	  	Draining Pump Room	  	Buildings and Structures	  	original construction cost
	36	  	TCSBYG00033	  	Monitor Device	  	Buildings and Structures	  	original construction cost

 3. equipment 
  

									
	machines
	37	  	JXSBDQ0265	  	reducing furnace transformer	  	machinery	  	original invoice amount
	38	  	JXSBDQ0266	  	reducing furnace transformer	  	machinery	  	original invoice amount
	39	  	JXSBDQ0267	  	reducing furnace transformer	  	machinery	  	original invoice amount
	40	  	JXSBDQ0268	  	reducing furnace transformer	  	machinery	  	original invoice amount
	41	  	JXSBDQ0277	  	reducing furnace transformer	  	machinery	  	original invoice amount
	42	  	JXSBDQ0278	  	reducing furnace transformer	  	machinery	  	original invoice amount
	43	  	JXSBDQ0360	  	reducing furnace power cube	  	machinery	  	original invoice amount
	44	  	JXSBDQ0361	  	reducing furnace power cube	  	machinery	  	original invoice amount
	45	  	JXSBDQ0362	  	reducing furnace power cube	  	machinery	  	original invoice amount
	46	  	JXSBDQ0363	  	reducing furnace power cube	  	machinery	  	original invoice amount
	47	  	JXSBDQ0372	  	hydrogenation furnace power cube	  	machinery	  	original invoice amount
	48	  	JXSBHY080019	  	X-Series ICP-MS	  	machinery	  	original invoice amount
	49	  	JXSBHY080084	  	zone melting furnace	  	machinery	  	original invoice amount
	50	  	JXSBJX080531	  	reducing furnace	  	machinery	  	original invoice amount
	51	  	JXSBJX080543	  	hydrogenation furnace	  	machinery	  	original invoice amount
	52	  	JXSBJX080635	  	hydrogen compressor	  	machinery	  	original invoice amount
	53	  	JXSBJX080636	  	hydrogen compressor	  	machinery	  	original invoice amount
	54	  	JXSBJXG080001	  	phosphoriser cleaning equipment	  	machinery	  	original invoice amount
	55	  	JXSBDQ0001	  	transformer	  	machinery	  	original invoice amount
	56	  	JXSBDQ0002	  	transformer	  	machinery	  	original invoice amount
	57	  	JXSBDQ0009	  	one circuit 110KV interval	  	machinery	  	original invoice amount
	58	  	JXSBDQ0010	  	two circuit 110KV interval	  	machinery	  	original invoice amount
	59	  	JXSBDQ0011	  	one circuit 110KV interval	  	machinery	  	original invoice amount
	60	  	JXSBDQ0012	  	two circuit 110KV interval	  	machinery	  	original invoice amount

									
	 Item
	  	 Property No.
	  	 Property name and specification
	  	 Category
	  	 Amount of liquidated damages

	 61
	  	JXSBDQ0013	  	one circuit 110KV transformer interval	  	machinery	  	original invoice amount
	62	  	JXSBDQ0014	  	two circuit 110KV transformer interval	  	machinery	  	original invoice amount
	63	  	JXSBDQ0015	  	one circuit 110KV voltage transformer interval	  	machinery	  	original invoice amount
	64	  	JXSBJX080121	  	equipment P7001A	  	machinery	  	original invoice amount
	65	  	JXSBJX080122	  	equipment P7001B	  	machinery	  	original invoice amount
	66	  	JXSBJX080123	  	equipment P7002A	  	machinery	  	original invoice amount
	67	  	JXSBJX080124	  	equipment P7002B	  	machinery	  	original invoice amount
	68	  	JXSBJX080125	  	equipment P7003A	  	machinery	  	original invoice amount
	69	  	JXSBJX080126	  	equipment P7003B	  	machinery	  	original invoice amount
	70	  	JXSBJX080127	  	equipment P7004A	  	machinery	  	original invoice amount
	71	  	JXSBJX080128	  	equipment P7004B	  	machinery	  	original invoice amount
	72	  	JXSBJX080129	  	equipment P7005	  	machinery	  	original invoice amount
	73	  	JXSBJX080130	  	equipment P7007	  	machinery	  	original invoice amount
	74	  	JXSBJX080262	  	trichlorosilane synthesis furnace	  	machinery	  	original invoice amount
	75	  	JXSBJX080263	  	trichlorosilane synthesis furnace	  	machinery	  	original invoice amount
	76	  	JXSBJX080264	  	trichlorosilane synthesis furnace	  	machinery	  	original invoice amount
	77	  	JXSBJX080265	  	trichlorosilane synthesis furnace	  	machinery	  	original invoice amount
	78	  	JXSBJX080266	  	trichlorosilane synthesis furnace	  	machinery	  	original invoice amount
	79	  	JXSBJX080267	  	trichlorosilane synthesis furnace	  	machinery	  	original invoice amount
	80	  	JXSBJX080293	  	silica powder desiccator	  	machinery	  	original invoice amount
	81	  	JXSBJX080294	  	silica powder desiccator	  	machinery	  	original invoice amount
	82	  	JXSBJX080295	  	silica powder desiccator	  	machinery	  	original invoice amount
	83	  	JXSBJX080296	  	silica powder desiccator	  	machinery	  	original invoice amount
	84	  	JXSBJX080297	  	silica powder desiccator	  	machinery	  	original invoice amount
	85	  	JXSBJX080298	  	silica powder desiccator	  	machinery	  	original invoice amount
	86	  	JXSBJX080443	  	equipment P4301A	  	machinery	  	original invoice amount
	87	  	JXSBJX080444	  	equipment P4301B	  	machinery	  	original invoice amount
	88	  	JXSBJX080445	  	equipment P4302A	  	machinery	  	original invoice amount
	89	  	JXSBJX080446	  	equipment P4302B	  	machinery	  	original invoice amount
	90	  	JXSBJX080447	  	equipment P4602A	  	machinery	  	original invoice amount
	91	  	JXSBJX080448	  	equipment P4602B	  	machinery	  	original invoice amount
	92	  	JXSBJX080449	  	equipment P4602A	  	machinery	  	original invoice amount
	93	  	JXSBJX080450	  	equipment P4602B	  	machinery	  	original invoice amount
	94	  	JXSBJX080451	  	equipment P4605B	  	machinery	  	original invoice amount
	95	  	JXSBJX080452	  	equipment P4605A	  	machinery	  	original invoice amount
	96	  	JXSBJX080453	  	equipment P4606A	  	machinery	  	original invoice amount
	97	  	JXSBJX080454	  	equipment P4606B	  	machinery	  	original invoice amount
	98	  	JXSBJX080455	  	equipment P4607A	  	machinery	  	original invoice amount
	99	  	JXSBJX080456	  	equipment P4607B	  	machinery	  	original invoice amount
	100	  	JXSBJX080820	  	Hydrogen compressor auxiliary system	  	machinery	  	original invoice amount
	101	  	JXSBJX080821	  	Hydrogen compressor auxiliary system	  	machinery	  	original invoice amount
	102	  	BGSB082048	  	Gree airconditioner	  	others	  	original invoice amount
	103	  	BGSB082049	  	Gree airconditioner	  	others	  	original invoice amount
	104	  	BGSB082050	  	airconditioner	  	others	  	original invoice amount
	105	  	BGSB082051	  	airconditioner	  	others	  	original invoice amount
	106	  	BGSB082052	  	airconditioner	  	others	  	original invoice amount
	107	  	BGSB082053	  	airconditioner	  	others	  	original invoice amount
	108	  	BGSB082054	  	airconditioner	  	others	  	original invoice amount
	109	  	BGSB082055	  	airconditioner	  	others	  	original invoice amount
	110	  	BGSB082056	  	airconditioner	  	others	  	original invoice amount
	111	  	BGSB082057	  	airconditioner	  	others	  	original invoice amount
	112	  	BGSB082058	  	airconditioner	  	others	  	original invoice amount
	113	  	BGSB082059	  	airconditioner	  	others	  	original invoice amount
	114	  	BGSB082060	  	airconditioner	  	others	  	original invoice amount
	115	  	BGSB082061	  	airconditioner	  	others	  	original invoice amount
	116	  	BGSB082062	  	airconditioner	  	others	  	original invoice amount
	117	  	BGSB082063	  	airconditioner	  	others	  	original invoice amount
	118	  	BGSB082064	  	airconditioner	  	others	  	original invoice amount
	119	  	BGSB082065	  	airconditioner	  	others	  	original invoice amount
	120	  	BGSB082066	  	airconditioner	  	others	  	original invoice amount
	121	  	BGSB082067	  	airconditioner	  	others	  	original invoice amount
	122	  	BGSB082068	  	airconditioner	  	others	  	original invoice amount
	123	  	BGSB082069	  	Gree airconditioner	  	others	  	original invoice amount
	124	  	BGSB082626	  	airconditioner	  	others	  	original invoice amount
	125	  	BGSB082627	  	airconditioner	  	others	  	original invoice amount
	126	  	BGSB082628	  	airconditioner	  	others	  	original invoice amount
	automobile
	127	  	BGSB082044	  	Buick (Yu FAD866)	  	transportation equipment	  	original invoice amount
	128	  	BGSB082045	  	Buick (Yu FAQ866)	  	transportation equipment	  	original invoice amount
	129	  	BGSB082046	  	Buick MPV (Yu FB9566)	  	transportation equipment	  	original invoice amount
	130	  	BGSB082047	  	Audi (Yu ACA866)	  	transportation equipment	  	original invoice amount
	office electronic device
	131	  	BGSB080002	  	desktop computer	  	office equipment	  	original invoice amount
	132	  	BGSB080003	  	desktop computer	  	office equipment	  	original invoice amount
	133	  	BGSB080004	  	desktop computer	  	office equipment	  	original invoice amount
	134	  	BGSB080005	  	desktop computer	  	office equipment	  	original invoice amount
	135	  	BGSB080006	  	desktop computer	  	office equipment	  	original invoice amount
	136	  	BGSB080007	  	desktop computer	  	office equipment	  	original invoice amount

									
	 Item
	  	 Property No.
	  	 Property name and specification
	  	 Category
	  	 Amount of liquidated damages

	 137
	  	BGSB080008	  	desktop computer	  	office equipment	  	original invoice amount
	138	  	BGSB080009	  	desktop computer	  	office equipment	  	original invoice amount
	139	  	BGSB080010	  	desktop computer	  	office equipment	  	original invoice amount
	140	  	BGSB080011	  	desktop computer	  	office equipment	  	original invoice amount
	141	  	BGSB080012	  	desktop computer	  	office equipment	  	original invoice amount
	142	  	BGSB080013	  	desktop computer	  	office equipment	  	original invoice amount
	143	  	BGSB080014	  	desktop computer	  	office equipment	  	original invoice amount
	144	  	BGSB080015	  	desktop computer	  	office equipment	  	original invoice amount
	145	  	BGSB080016	  	desktop computer	  	office equipment	  	original invoice amount
	146	  	BGSB080017	  	desktop computer	  	office equipment	  	original invoice amount
	147	  	BGSB080019	  	desktop computer	  	office equipment	  	original invoice amount
	148	  	BGSB080020	  	desktop computer	  	office equipment	  	original invoice amount
	149	  	BGSB080021	  	desktop computer	  	office equipment	  	original invoice amount
	150	  	BGSB080022	  	desktop computer	  	office equipment	  	original invoice amount
	151	  	BGSB080023	  	desktop computer	  	office equipment	  	original invoice amount
	152	  	BGSB080024	  	desktop computer	  	office equipment	  	original invoice amount
	153	  	BGSB080025	  	desktop computer	  	office equipment	  	original invoice amount
	154	  	BGSB080026	  	desktop computer	  	office equipment	  	original invoice amount
	155	  	BGSB080027	  	desktop computer	  	office equipment	  	original invoice amount
	156	  	BGSB080028	  	desktop computer	  	office equipment	  	original invoice amount
	157	  	BGSB080029	  	desktop computer	  	office equipment	  	original invoice amount
	158	  	BGSB080030	  	desktop computer	  	office equipment	  	original invoice amount
	159	  	BGSB080031	  	desktop computer	  	office equipment	  	original invoice amount
	160	  	BGSB080032	  	desktop computer	  	office equipment	  	original invoice amount
	161	  	BGSB080033	  	desktop computer	  	office equipment	  	original invoice amount
	162	  	BGSB080034	  	desktop computer	  	office equipment	  	original invoice amount
	163	  	BGSB080035	  	desktop computer	  	office equipment	  	original invoice amount
	164	  	BGSB080036	  	desktop computer	  	office equipment	  	original invoice amount
	165	  	BGSB080037	  	desktop computer	  	office equipment	  	original invoice amount
	166	  	BGSB080038	  	desktop computer	  	office equipment	  	original invoice amount
	167	  	BGSB080039	  	desktop computer	  	office equipment	  	original invoice amount
	168	  	BGSB080044	  	desktop computer	  	office equipment	  	original invoice amount
	169	  	BGSB080045	  	desktop computer	  	office equipment	  	original invoice amount
	170	  	BGSB080046	  	desktop computer	  	office equipment	  	original invoice amount
	171	  	BGSB080047	  	desktop computer	  	office equipment	  	original invoice amount
	172	  	BGSB080048	  	desktop computer	  	office equipment	  	original invoice amount
	173	  	BGSB080049	  	desktop computer	  	office equipment	  	original invoice amount
	174	  	BGSB080050	  	desktop computer	  	office equipment	  	original invoice amount
	175	  	BGSB080051	  	desktop computer	  	office equipment	  	original invoice amount
	176	  	BGSB080052	  	desktop computer	  	office equipment	  	original invoice amount
	177	  	BGSB080053	  	desktop computer	  	office equipment	  	original invoice amount
	178	  	BGSB080054	  	desktop computer	  	office equipment	  	original invoice amount
	179	  	BGSB080055	  	desktop computer	  	office equipment	  	original invoice amount
	180	  	BGSB080056	  	desktop computer	  	office equipment	  	original invoice amount
	181	  	BGSB080057	  	desktop computer	  	office equipment	  	original invoice amount
	182	  	BGSB080064	  	desktop computer	  	office equipment	  	original invoice amount
	183	  	BGSBG080001	  	desktop computer	  	office equipment	  	original invoice amount
	184	  	BGSBG080002	  	desktop computer	  	office equipment	  	original invoice amount
	185	  	BGSBG080003	  	desktop computer	  	office equipment	  	original invoice amount
	186	  	BGSBG080004	  	desktop computer	  	office equipment	  	original invoice amount
	187	  	BGSBG080005	  	desktop computer	  	office equipment	  	original invoice amount
	188	  	BGSBG080006	  	desktop computer	  	office equipment	  	original invoice amount
	189	  	BGSBG080007	  	desktop computer	  	office equipment	  	original invoice amount
	190	  	BGSBG080008	  	desktop computer	  	office equipment	  	original invoice amount
	191	  	BGSB081001	  	laptop	  	office equipment	  	original invoice amount
	192	  	BGSB081002	  	lapton	  	office equipment	  	original invoice amount
	193	  	BGSB082012	  	printer	  	office equipment	  	original invoice amount
	194	  	BGSB082013	  	printer	  	office equipment	  	original invoice amount
	195	  	BGSB082014	  	printer	  	office equipment	  	original invoice amount
	196	  	BGSB082015	  	printer	  	office equipment	  	original invoice amount
	197	  	BGSB082021	  	printer	  	office equipment	  	original invoice amount
	198	  	BGSB082022	  	printer	  	office equipment	  	original invoice amount
	199	  	BGSB082023	  	printer	  	office equipment	  	original invoice amount
	200	  	BGSB082010	  	projector	  	office equipment	  	original invoice amount
	201	  	BGSB082011	  	all-in-one combination copier/printer	  	office equipment	  	original invoice amount
	202	  	BGSB082016	  	all-in-one combination fax	  	office equipment	  	original invoice amount
	203	  	BGSB082017	  	shredder	  	office equipment	  	original invoice amount
	204	  	BGSB082037	  	digital camera	  	office equipment	  	original invoice amount
	205	  	BGSB082038	  	digital camera	  	office equipment	  	original invoice amount
	206	  	BGSB082039	  	digital camera	  	office equipment	  	original invoice amount
	207	  	BGSB082040	  	video camera	  	office equipment	  	original invoice amount
	208	  	BGSB082041	  	encrpytion software	  	office equipment	  	original invoice amount
	209	  	BGSB080564~082623	  	60 sets of cabinets	  	office equipment	  	original invoice amount
	Total: 209

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]