Kingold Jewelery (NASDAQ:KGJI)

(NASDAQ:KGJI - News), a leading Chinese manufacturer and designer of 24-karat gold jewelry and ornaments, today announced that Mr. Zhihong Jia, the Company's Chairman and Chief Executive Officer, has entered into a Rule 10b5-1 plan, under which he intends to purchase up to $500,000 of the Company's common stock. Once the maximum dollar amount of shares has been purchased under the plan, the Chairman currently intends to enter into a subsequent Rule 10b5-1 plan to purchase up to an additional $1 million of the Company's common stock, for a total investment of up to $1.5m.