[KINGOLD JEWELRY ANNOUNCES APPOINTMENT OF ALICE IO WAI WU TO COMPANY’S BOARD OF DIRECTORS WUHAN CITY, China, May 9, 2016 - Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI), Ms. Wu has been providing accounting, consulting and advisory services to public and private companies since September 2011 through her company Wu & Company, Inc. Ms. Wu has also been] []