SCHEDULE 13G/A 0000921895-24-000711 0000024046 XXXXXXXX LIVE 2 Ordinary Shares, par value $0.0001 per share 09/30/2025 0001477641 DAQO NEW ENERGY CORP. 23703Q203 666 LONGDU AVENUE WANZHOU, CHONGQING F4 404000 Rule 13d-1(c) Percy Rockdale LLC MI 0.00 166030.00 0.00 166030.00 166030.00 N 0.05 OO Represents Shares (as defined below) underlying 33,206 ADSs (as defined below). Each ADS represents five Shares. CONTINENTAL GENERAL INSURANCE CO TX 0.00 33209930.00 0.00 33209930.00 33209930.00 N 9.95 CO Represents Shares underlying 6,641,986 ADSs. Each ADS represents five Shares. Continental Insurance Group, Ltd. DE 0.00 33209930.00 0.00 33209930.00 33209930.00 N 9.95 CO Represents Shares underlying 6,641,986 ADSs. Each ADS represents five Shares. Continental General Holdings LLC MI 0.00 33209930.00 0.00 33209930.00 33209930.00 N 9.95 OO Represents Shares underlying 6,641,986 ADSs. Each ADS represents five Shares. Gorzynski Michael X1 0.00 33375960.00 0.00 33375960.00 33375960.00 N 9.99 IN Represents Shares underlying 6,675,192 ADSs. Each ADS represents five Shares. DAQO NEW ENERGY CORP. The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Percy Rockdale LLC ("Percy Rockdale"), Continental General Insurance Company ("CGIC"), Continental Insurance Group, Ltd. ("CIG"), Continental General Holdings LLC ("CGH"), and Michael Gorzynski ("Mr. Gorzynski"). The address of the principal office for Percy Rockdale and Mr. Gorzynski is 595 Madison Avenue, 30th Floor, New York, NY 10022. The principal business address for each of CGIC, CIG and CGH is 11001 Lakeline Blvd., Ste. 120, Austin, TX 78717. Each of Percy Rockdale and CGH is a Michigan limited liability company. CIG is a Delaware corporation. CGIC is a Texas domiciled life and health insurance company. Mr. Gorzynski is a citizen of the United States of America and Poland. Y The Reporting Persons own American Depositary Shares of the Issuer ("ADSs"), as set forth herein. Each ADS represents five of the Issuer's Ordinary Shares, par value $0.0001 per share (the "Shares"). As of the close of business on September 30, 2025: (i) Percy Rockdale directly beneficially owned 166,030 Shares underlying ADSs it directly owned. (ii) CGIC directly beneficially owned 33,209,930 Shares underlying ADSs it directly owned. (iii) As the sole owner of CGIC, CIG may be deemed the beneficial owner of the 33,209,930 Shares underlying ADSs beneficially owned by CGIC. (iv) As the sole owner of CIG, CGH may be deemed the beneficial owner of the 33,209,930 Shares underlying ADSs beneficially owned by CGIC. (v) As the sole Manager of Percy Rockdale and as a manager and Executive Chairman of CGH, Mr. Gorzynski may be deemed to beneficially own 33,375,960 Shares, consisting of (i) the 166,030 Shares underlying ADSs directly beneficially owned by Percy Rockdale and (ii) the 33,209,930 Shares underlying ADSs directly beneficially owned by CGIC. The following percentages are based on 333,759,632 Shares outstanding, which is the total number of Shares outstanding as of December 31, 2024, as disclosed in the Issuer's Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 29, 2025. As of the close of business on September 30, 2025: (i) Percy Rockdale may be deemed to beneficially own approximately 0.05% of the outstanding Shares; (ii) CGIC may be deemed to beneficially own approximately 9.95% of the outstanding Shares; (iii) CIG may be deemed to beneficially own approximately 9.95% of the outstanding Shares; (iv) CGH may be deemed to beneficially own approximately 9.95% of the outstanding Shares; and (v) Mr. Gorzynski may be deemed to beneficially own approximately 9.99% of the outstanding Shares. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. Y Y Y N See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on March 25, 2024 Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Percy Rockdale LLC /s/ Michael Gorzynski 11/13/2025 CONTINENTAL GENERAL INSURANCE CO /s/ Michael Gorzynski 11/13/2025 Continental Insurance Group, Ltd. /s/ Michael Gorzynski 11/13/2025 Continental General Holdings LLC /s/ Michael Gorzynski 11/13/2025 Gorzynski Michael /s/ Michael Gorzynski 11/13/2025