Kingold Jewelry, Inc. Announces Board and Board Committee Changes
May 09, 2016 at 05:04 pm EDT
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Kingold Jewelry, Inc. announced that the Company has appointed Alice Io Wai Wu to its Board of Directors. Ms. Wu will serve on the nominating committee, the audit committee and the compensation committee and will serve as the Chairman of the audit committee and an audit committee financial expert, until the annual meeting of the shareholders of the Company in 2016. Ms. Wu replaces Mr. H. David Sherman, who resigned from the Board as of May 9, 2016 to pursue other interests.
Ms. Wu has been providing accounting, consulting and advisory services to public and private companies since September 2011 through her company Wu & Company, Inc. Ms. Wu has also been an independent director of Yulong Eco-materials Limited, since July 2015. From February 2015 to December 2015, she was Chief Financial Officer of The Future Education Group Inc.
Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The Company develops, promotes and sells a range of products to the jewelry market across the People's Republic of China (PRC). The Company offers a range of in-house designed products, including, but not limited to, gold necklaces, rings, earrings, bracelets and pendants. The Company also sells investment gold products through banks in China. The Company sells its products directly to distributors, retailers and other wholesalers, who then sell its products to consumers through retail counters located in both department stores and other traditional stand-alone jewelry stores.
KINGOLD JEWELRY, INC. 
