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Press release from PR Newswire

Kingold Jewelry, Inc. Announces Annual Meeting to Be Held on October 31, 2011

Thursday, October 06, 2011

Kingold Jewelry, Inc. Announces Annual Meeting to Be Held on October 31, 201117:06 EDT Thursday, October 06, 2011WUHAN CITY, China, Oct. 6, 2011 /PRNewswire-Asia/ -- Kingold Jewelry, Inc. ("Kingold" or the "Company") (NASDAQ: KGJI), one of China's leading manufacturers and designers of 24-karat gold jewelry and ornaments, today announced that its annual meeting of shareholders will be held at 10:00 a.m. local time on Monday, October 31, 2011 at Marco Polo Wuhan, 159 Yanjiang Avenue, JiangAn, Wuhan, China.Shareholders of record at the close of business on September 28, 2011 are entitled to vote at the annual meeting and any adjournment thereof.Items to be discussed at the annual meeting can be found in the proxy statement issued by the Company. Proxy materials can be found on the internet at http://www.shareholdermaterial.com/kingold.About Kingold Jewelry, Inc.:Kingold Jewelry, Inc. (NASDAQ: KGJI), centrally located in Wuhan City, one of China's largest cities, was founded in 2002 and today is one of China's leading designers and manufacturers of 24-karat gold jewelry and ornaments sold by weight. 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. Sales have grown from $29 million in FY 2006 to $523 million in FY 2010 with net income attributable to common stockholders growing from $1.3 million to $18.2 million over the same period. For more information, please visit www.kingoldjewelry.com.SOURCE Kingold Jewelry, Inc.For further information: Bin Liu, CFO, Kingold Jewelry, Inc., +86-27-6569-4977 (China), bl@kingoldjewelry.com