WUHAN, China, Dec. 19, 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 the results of its
2019 Annual Meeting of Stockholders and scheduled its 2020 Annual
Meeting.
At the Annual Meeting of Stockholders held on December 18, 2019 in Wuhan, China, two proposals were submitted to
and approved by the stockholders. The proposals are described in
detail in the Company's Definitive Proxy Statement on Form DEF 14A
filed with the U.S. Securities and Exchange Commission on
November 18, 2019.
Stockholders reelected five
directors to the Company's Board of Directors to hold office for a
one-year term until the annual meeting of stockholders in 2020 or
until their successors are elected and qualified, and stockholders
ratified the selection of Friedman LLP as independent registered
public accounting firm for the fiscal year ending December 31,
2019.
2020 Annual Meeting of Stockholders Scheduled for
September 28, 2020
The Company also announced
its plans to hold its 2020 Annual Meeting of
Stockholders on Monday, September 28,
2020, in Poland. The exact
time and location of the 2020 Annual Meeting will be specified in
the Company's proxy statement for the 2020 Annual
Meeting.
Rule 14a-8 Stockholder Proposal Deadline
The 2020 Annual Meeting date represents a change of more than 30
days from the anniversary of the Company's 2019 Annual Meeting of
Stockholders. As a result, under Rule 14a-8 under the Securities
Exchange Act of 1934, as amended, the deadline for the receipt of
any stockholder proposals submitted pursuant to Rule 14a-8 for
inclusion in the Company's proxy materials for the 2020 Annual
Meeting is required to be a reasonable time before the Company
begins to print and mail the proxy materials. Taking into
consideration the time and process for addressing any deficiencies
in proposals that may be submitted, the Company has determined that
July 31, 2020 should be the deadline
for receipt of proposals pursuant to Rule 14a-8. In order to be
considered timely, such proposals must be received in writing by
the Company before the close of business on July 31, 2020 and delivered to: No. 8 Han Huang
Road, Jiang'an District, Wuhan,
China, Attention: Corporate Secretary. Such proposals will
need to comply with the rules of the Securities and Exchange
Commission regarding the inclusion of stockholder proposals in the
Company's proxy materials, and may be omitted if not in compliance
with applicable requirements.
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.
