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Kingold Jewelry, Inc. Announces Share Repurchase Plan

About Kingold Jewelry, Inc.:

Kingold Jewelry, Inc., centrally located in Wuhan City, China's fourth largest city, was founded in 2002 and today is one of China's leading designers and manufacturers of 24-karat gold jewelry, ornaments and investment-oriented products. The Company sells both directly to retailers as well as through major distributors across China. Kingold has received various industry awards and has been a member of the Shanghai Gold Exchange since 2003. For more information, please visit www.kingoldjewelry.com.

Business Risks and Forward-Looking Statements

This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements relate to future events or Kingold's future financial performance and can be identified by the use of forward-looking terminology such as "estimate," "project," "forecast," "plan," "believe," "may," "expect," "anticipate," "intend," "planned," "potential," "can," "expectation" and similar expressions, or the negative of those expressions. These forward-looking statements are based on management's reasonable current assumptions and expectations. Such forward-looking statements involve risks, uncertainties and other factors, which may cause Kingold's actual results, levels of activity, performance or achievement to be materially different from any future results expressed or implied by such forward-looking statements, and there can be no assurance that actual results will not differ materially from management's expectations. Please refer to the risk factors contained in Kingold's SEC filings available at www.sec.gov, including the prospectus supplement and accompanying prospectus relating to this offering, Kingold's most recent Annual Report on Form 10-K and Kingold's Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Kingold undertakes no obligation to update or revise any forward-looking statements for any reason.

Company Contact:

Kingold Jewelry, Inc.Bin Liu, CFOPhone: +1-847-660-3498 (US) / +86-27-6569-4977 ( China)Email: bl@kingoldjewelry.com

INVESTOR RELATIONS

The Equity Group Inc. Adam Prior, Vice President(212) 836-9606 aprior@equityny.com

Katherine Yao, Account Executive+86 10-6587-6435 kyao@equityny.com 



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