[Party A: Address: Room 1304, Junan Apartment, Dongting Street, Jiang’an District, Wuhan Party B: Address: Te No. 15, Huangpu Science Park, Jiang’an District, Wuhan Whereas: Acquisition Agreement rd 1. Party B signed Acquisition Agreement 2. According to the aforementioned Acquisition Agreement 3. According to the aforementioned 4. At present, Party B has paid a total of RMB 640 million for] [Office Lease Lessor (Party A): Wuhan Huayuan Technology Development Co., Ltd. Lessee (Party B): Wuhan Kingold Jewelry Co., Ltd. According to the rules of Contract Law of our nation and the relevant laws and regulations, the following contract relevant with the building leasing should be established on the basis of equality, free will and consensus by negotiation: Article 1 Premises] [The Store Lease Lessor (Party A): Wuhan Huayuan Technology Development Co., Ltd. Lessee (Party B): Wuhan Kingold Jewelry Co., Ltd. According to the rules of Contract Law of our nation and the relevant laws and regulations, the following contract relevant with the building leasing should be established on the basis of equality, free will and consensus by negotiation: Article 1] [KINGOLD JEWELRY SELLS JEWELRY PARK FOR APPROXIMATELY $171 MILLION Company will Focus on Expansion of its Core Jewelry Business; Will Relocate Its Headquarters to the Jewelry Park WUHAN CITY, China, July 29, 2016 - Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI), Wuhan Kingold Wuhan Lianfuda has paid Background on Development of the Jewelry Park Before the Transfer Contract] []