Kingold Jewelry, Inc. Announces Share Repurchase Plan of up to $10M

Kingold Jewelry, Inc. (NASDAQ: KGJI) today announced that Kingold's board of directors has authorized the repurchase of up to $10 million of issued and outstanding shares of Kingold's common stock in the open market or in privately negotiated transactions at any time and from time to time during the twelve-month period ending July 12, 2013. Kingold currently has approximately 53.4 million common shares outstanding.

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