WUHAN, China, Nov. 6, 2019 /PRNewswire/
-- Kingold Jewelry, Inc. ("Kingold" or the
"Company") (NASDAQ: KGJI), one of China's leading manufacturers and designers of
high quality 24-karat gold jewelry, ornaments and
investment-oriented products, today announced that it has received
a letter from The Nasdaq Stock Market ("Nasdaq"), indicating that
Kingold has regained compliance with the $1.00 per share minimum closing bid price
requirement for continued listing on the Nasdaq Stock Market,
pursuant to the Listing Rules. Nasdaq indicated within its letter
that since the Company has regained compliance with Listing Rule
5550(a)(2), this matter is now closed.
About Kingold Jewelry, Inc.
Kingold Jewelry, Inc. (NASDAQ: KGJI), centrally located in
Wuhan City, one of China's largest cities, was founded in 2002
and today is one of China's
leading designers and manufacturers of 24-karat gold jewelry,
ornaments, and investment-oriented products. The Company sells both
directly to retailers as well as through major distributors across
China. Kingold has received
numerous industry awards and has been a member of the Shanghai Gold
Exchange since 2003. For more information, please visit
www.kingoldjewelry.com.
Business Risks and Forward-Looking Statements
This press release contains forward-looking statements that are
subject to the safe harbors created under the Securities Act of
1933, as amended, and the Securities Exchange Act of 1934, as
amended. You can identify these forward-looking statements by words
such as "expects," "believe," "project," "anticipate," or similar
expressions. Readers are cautioned that actual results could differ
materially from those expressed in any forward-looking statements.
Forward-looking statements are subject to a number of risks,
including those contained in Kingold's SEC filings available at
www.sec.gov, including Kingold's most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not
to place undue reliance on any forward-looking statements, which
speak only as of the date on which they are made. Kingold
undertakes no obligation to update or revise any forward-looking
statements for any reason.
Company Contact
Kingold Jewelry, Inc.
Bin Liu, CFO
Phone: +1-847-660-3498 (US) / +86-27-6569-4977 (China)
bl@kingoldjewelry.com
Investor Relations Counsel:
The Equity Group Inc.
Adam Prior (in US)
Phone: +212 836-9606
aprior@equityny.com
Lucy Ma (in China)
Phone: 86-10 5661 7012
lma@equityny.com
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SOURCE Kingold Jewelry, Inc.
