KINGOLD JEWELRY, INC. (NASDAQ:KGJI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
At the Annual Meeting of Stockholders of Kingold Jewelry, Inc. (the “Company”) held on December 15, 2018 in Wuhan, China, three proposals were submitted to and approved by the stockholders. The proposals are described in detail in the Company’s Definitive Proxy Statement on Form DEF 14A filed with the U.S. Securities and Exchange Commission on November 16, 2018. The final results for the votes regarding each proposal are set forth below.
1. Stockholders elected following five directors to the Company’s Board of Directors to hold office for a one-year term until the annual meeting of stockholders in 2019 or until their successors are elected and qualified. The votes for each of the nominees were as follows:
| For | Against | Abstained | Broker Non-Votes | |
| Zhihong Jia | 698,971 | 33,321 | 36,352,384 | |
| Guang Chen | 697,494 | 1,506 | 33,321 | 36,352,384 |
| Alice Io Wai Wu | 698,485 | 33,321 | 36,352,384 | |
| Jun Wang | 698,981 | 33,321 | 36,352,384 | |
| Zhiyong Xia | 698,989 | 33,321 | 36,352,384 |
2. Stockholders ratified the selection of Friedman LLP as independent registered public accounting firm for the fiscal year ending December31, 2018. The votes regarding this proposal were as follows:
| For | Against | Abstained | BrokerNon-Votes |
| 36,930,763 | 132,083 | 21,859 |
3. Stockholders approved, on a non-binding advisory basis, the compensation of the Named Executive Officers (the Say-on-Pay vote). The votes regarding this proposal were as follows:
| For | Against | Abstained | BrokerNon-Votes |
| 652,727 | 66,701 | 12,893 | 36,352,384 |
About KINGOLD JEWELRY, INC. (NASDAQ:KGJI)
Kingold Jewelry, Inc. designs and manufactures 24-karat gold jewelry and Chinese ornaments, through a variable interest entity relationship with Wuhan Kingold Jewelry Company Limited (Wuhan Kingold). 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 gold bars and coins and other products through agreements with various 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. The Company’s subsidiary, Wuhan Kingold Internet Co., Ltd., is engaged in online sales of jewelry products.
