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Actionable news in KGJI: Kingold Jewelry Inc.,

Entry into a Material Definitive

Wuhan Kingold

), the controlled subsidiary of Kingold Jewelry, Inc. (the

Company

), entered into a Trust Loan Contract in the amount of RMB300 million (equivalent to approximately US$47.1 million) with China Minsheng Trust Co., Ltd. The Trust Loan was approved on August 3, 2015. The stated purpose of the Trust Loan is capital turnover. The loan has a 12-month term, and bears interest at a fixed annual rate of 12.5%. The loan is secured by 1,877.4 kilograms of Au9995 gold, pledged by Wuhan Kingold. Our CEO Mr. Zhihong Jia and his wife Lili Huang also agreed to guarantee the loan. The repayment of the loan may be accelerated under certain conditions, including upon...


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