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Kingold Jewelry Signs $40.2 Million Gold Leasing Agreement With China Construction Bank

About Kingold Jewelry, Inc.

Kingold Jewelry, Inc. (NASDAQ: KGJI), 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 numerous 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 and the Securities Exchange Act of 1934. These include statements regarding accelerating the turnover of capital and inventory, developing the  24K gold jewelry and investment gold business, improving its position in the 24k gold processing industry, improving its working capital requirements, seizing market opportunities in the 24k gold consumer goods market and development and expansion of the investment gold business. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. In addition, please refer to the risk factors contained in Kingold's SEC filings available at www.sec.gov, including Kingold's most recent Annual Report on Form 10-K and 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 Associate+86 10-6587-6435 kyao@equityny.com

SOURCE Kingold Jewelry, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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