X0304 4 2011-10-31 0 0001089531 KINGOLD JEWELRY, INC. KGJI 0001497921 LIU BIN C/O KINGOLD JEWELRY, INC. 40 WALL ST., 58TH FLOOR NEW YORK NY 10005 0 1 0 0 CFO Option (right to buy) 2.59 2011-10-31 4 A 0 90000 0 A 2021-03-23 Common Stock 90000 90000 D Option (right to buy) 2.59 2011-10-31 4 A 0 30000 0 A 2021-03-23 Common Stock 30000 30000 D Option (right to buy) 2.27 2011-10-31 4 A 0 120000 0 A 2021-04-01 Common Stock 120000 120000 D The option grant was approved by the Compensation Committee of the Issuer on March 24, 2011, subject to stockholder approval of the stock option plan under which the option was granted. The Issuer's stockholders approved the plan on October 31, 2011. The transaction reported in this row involves a grant, pursuant to a stock option award agreement, by the Issuer to the Reporting Person of options to purchase the Issuer's common stock that vests as follows: 25% of the options will become exercisable on the first anniversary of March 24, 2011 and 6.25% of the options will become exercisable on an ongoing basis in three month increments until the fourth anniversary of March 24, 2011. The transaction reported in this row involves a grant, pursuant to a stock option award agreement, by the Issuer to the Reporting Person of options to purchase the Issuer's common stock and 100% of such options vested on the three month anniversary date of March 24, 2011. The transaction reported in this row involves a grant, pursuant to the Reporting Person's employment agreement, to the Reporting Person of options to purchase the Issuer's common stock that vests as follows: 30,000 options vest every three months following April 1, 2011 until all options have vested. The option grant was approved by the Compensation Committee of the Issuer on April 1, 2011, subject to stockholder approval of the stock option plan under which the option was granted. The Issuer's stockholders approved the plan on October 31, 2011. /s/ Bin Liu 2011-10-31