Kingold Jewelry (KGJI) Commences Payment of 8c/Share Special Dividend

Kingold Jewelry (NASDAQ: KGJI) 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."

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