WUHAN, China, August 28, 2014 /PRNewswire/ — Kingold Jewelry, Inc. (“Kingold” or “the Company”) (NASDAQ: KGJI), one of China’s leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, announced that the Company has begun paying out today the previously announced special cash dividend of US$0.08 per share of common stock to stockholders of record as of June 30, 2014. The Company received the necessary provincial government approvals enabling it to pay the dividend to stockholders.
Mr. Zhihong Jia, Chairman and CEO of Kingold, stated, “We greatly appreciate the patience and support of Kingold’s stockholders during this process and are pleased to be able to reward that patience with the payout of this dividend. We will continue to build stockholder value and work toward effectively managing our capital needs to grow our business while remaining supportive of Kingold’s investor base.”
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, 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 .
Kingold Jewelry, Inc.
Bin Liu, CFO
Phone: +1-847-660-3498 (US) / +86-27-6569-4977 (China)
The Equity Group Inc.
Katherine Yao, Associate