Kingold Jewelry, Inc. (Kingold) is a designer and manufacturer of 24 Karat gold jewelry and Chinese ornaments. The Company is also engaged in developing, promoting and selling a range of products to the jewelry market across the People’s Republic of China. The Company offers a range of in-house designed products, including, but not limited to, gold necklaces, rings, earrings, bracelets and pendants. The Company offers 24 Karat gold products, including 99.9% and 99% pure gold necklaces, rings, earrings, bracelets, pendants, gold bars and gifts. The Company operates this business through a variable interest entity relationship with Wuhan Kingold Jewelry Company Limited. The Company has production facilities in Wuhan. The Company has a production capacity of approximately 17.9 metric tons of 24 Karat gold products. The Company launches approximately 900 new products each month.