[LLP Reed Smith 599 Lexington Avenue reedsmith.com October 4, 2012 Kingold Jewelry, Inc. Ladies and Gentlemen: Company Shares Common Stock Loan Agreement EFH Prospectus Supplement Base Prospectus Registration Statement Prospectus Securities Act Resolutions NEW YORK ¨ LONDON ¨ HONG KONG ¨ CHICAGO ¨ ¨ BEIJING ¨ PARIS ¨ LOS ANGELES ¨ SAN FRANCISCO ¨ PHILADELPHIA ¨ SHANGHAI ¨ PITTSBURGH MUNICH] [STOCK LOAN AND REPURCHASE AGREEMENT Borrower Lender This Stock Loan and Repurchase Agreement is between Kingold Jewelry, Inc. having an address of 15 Huangpu Science and Technology Park, Jiang'an District, Wuhan, Hubei Province, 430023, China, P.R. (the “ WITNESSETH WHEREAS, WHEREAS, NOW THEREFORE, Article 1 DEFINITIONS Defined Terms 1.1 “Agreement “Change in Collateral” Approved Exchange “Closing Statement” “Common Stock” “Event] []

[KINGOLD JEWELRY REPORTS UNAUDITED 2012 SECOND QUARTER AND SIX MONTH FINANCIAL RESULTS Company to Hold Conference Call with Accompanying Slide Presentation On August 15, 2012, at 8:30 a.m. ET Operating and Financial Highlights (Percentage Increases are Year-over-Year) · 11.8 metric tons of 24-karat gold products processed during Q2 2012, an increase of 16.8% · Net sales increased 6.5% in Q2] []

[Kingold Jewelry, Inc. Announces Share Repurchase Plan WUHAN CITY, China, July 12, 2012 -- Kingold Jewelry, Inc. (NASDAQ: KGJI) 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] []