KGJI Kingold Jewelry Inc

Item 4.01  Changes in Registrant’s Certifying Accountant

By letter dated August 15, 2020, the independent registered public accounting firm of Kingold Jewelry Inc. (the “Company”), Friedman LLP, resigned, effectively immediately.  Friedman LLP served as the Company’s independent registered public accounting firm since March 8, 2010.

In its resignation letter, Friedman LLP informed the Audit Committee that Friedman LLP had become aware of information related to the Company’s financial statements for the years ended December 31, 2016, December 31, 2017 and December 31, 2018 (the “2016, 2017 and 2018 Financial Statements”) that was not known to Friedman LLP at the time of its audits and that was of such a nature and from such a source that Friedman LLP would have investigated such information if it had come to Friedman LLP’s attention during the conduct of the audits of the 2016, 2017 and 2018 Financial Statements. Because of its conclusion that the Company had not provided sufficient support of Friedman LLP’s efforts to conduct a satisfactory investigation of such matters, Friedman LLP notified the Audit Committee of its immediate resignation.

Friedman LLP’s audit reports on the financial statements for the two most recent fiscal years did not contain an adverse opinion or disclaimer of opinion, and were not qualified as to uncertainty, audit scope or accounting principles.  During the Company’s two most recent fiscal years and subsequent interim period preceding Friedman LLP’s resignation, there were no disagreements with Friedman LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Friedman LLP, would have caused it to make reference to the subject matter of the disagreement in connection with its report.