SC 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

Daqo New Energy Corp.

(Name of Issuer)

Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

G26583 107

(CUSIP Number)

December 31, 2010

(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)

x Rule 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 the disclosures provided in a prior cover page.

The information required in 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).

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CUSIP No. G26583 107
1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Xu Xiang
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ¨        (b)  x
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     14,995,0001
		6.	Shared Voting Power     0
		7.	Sole Dispositive Power     14,995,0001
		8.	Shared Dispositive Power     0
9.	Aggregate Amount Beneficially Owned by Each Reporting Person     14,995,000
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):  ¨
11.	Percent of Class Represented by Amount in Row (9)     8.8%2
12.	Type of Reporting Person (See Instructions)     IN

¹ Includes (i) 14,820,000 ordinary shares held by Plenty China Limited and (ii) 175,000 ordinary shares issuable upon exercise of options held by Mr. Xu Xiang. Plenty China Limited is a British Virgin Islands company wholly-owned and controlled by Mr. Xu Xiang.

² Based on 169,714,103 outstanding ordinary shares immediately following the consummation of the Issuer’s initial public offering as set forth in the Issuer’s Form 424(B)(4), filed with the Securities and Exchange Commission on October 7, 2010.

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CUSIP No. G26583 107
1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Plenty China Limited
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ¨        (b)  x
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     14,820,000
		6.	Shared Voting Power     0
		7.	Sole Dispositive Power     14,820,000
		8.	Shared Dispositive Power     0
9.	Aggregate Amount Beneficially Owned by Each Reporting Person     14,820,000
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11.	Percent of Class Represented by Amount in Row (9)     8.7%3
12.	Type of Reporting Person (See Instructions)     OO

³ Based on 169,714,103 outstanding ordinary shares immediately following the consummation of the Issuer’s initial public offering as set forth in the Issuer’s Form 424(B)(4), filed with the Securities and Exchange Commission on October 7, 2010.

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Item 1.	(a)	Name of Issuer:
		Daqo New Energy Corp.
	(b)	Address of Issuer’s Principal Executive Offices:
		666 Longdu Avenue Wanzhou, Chongqing 404000 People’s Republic of China Telephone: (86-23) 6486-6666
Item 2.	(a)	Name of Person Filing:
		Xu Xiang
		Plenty China Limited
	(b)	Address of Principal Business Office or, if none, Residence:
		For all Reporting Persons:
		c/o 66 Xinzhong Road Xinba, Yangzhong, Jiangsu Province People’s Republic of China
	(c)	Citizenship:
		Xu Xiang: People’s Republic of China
		Plenty China Limited: British Virgin Islands
	(d)	Title of Class of Securities:
		Ordinary Shares, par value US$0.0001 per share
	(e)	CUSIP Number:
		G26583 107
Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
	Not applicable.

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Item 4.	Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially owed:

Reporting Person	Amount beneficially owned		Percent of  class4			Sole voting power		Shared voting power		Sole dispositive power		Shared voting power
Xu Xiang		14,995,000		8.8	%		14,995,000		0		14,995,000		0
Plenty China Limited		14,820,000		8.7	%		14,820,000		0		14,820,000		0

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 or Control Person
	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.	Certification
	Not applicable.

⁴ Based on 169,714,103 outstanding ordinary shares immediately following the consummation of the Issuer’s initial public offering as set forth in the Issuer’s Form 424(B)(4), filed with the Securities and Exchange Commission on October 7, 2010.

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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.

Date: February 14, 2011

By:	/s/ XU XIANG
	Xu Xiang
PLENTY CHINA LIMITED
By:	/s/ XU XIANG
Name:	Xu Xiang
Title:	Director

EX-99.(A)

Exhibit 99A

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the ordinary shares, par value US$0.0001, of Daqo New Energy Corp., a Cayman Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which, taken together, shall constitute one and the same instrument.

/s/ XU XIANG
Xu Xiang
PLENTY CHINA LIMITED
By:	/s/ XU XIANG
Name:	Xu Xiang
Title:	Director