KINGOLD JEWELRY, INC. | 2013 | FY | 3

Following is a summary of the status of warrant activities as of December 31, 2013:
 
 
 
Warrants Outstanding
 
Weighted Average 
Exercise Price
 
Average Remaining Life in Years
 
Outstanding, January 1, 2013
 
1,388,358
 
$
1.57
 
2.04
 
Granted
 
2,800,000
 
 
1.80
 
0.03
 
Forfeited
 
(125,000)
 
 
1.20
 
 
 
Exercised
 
(2,645,580)
 
 
1.74
 
 
 
Outstanding, December 31, 2013
 
1,417,778
 
$
1.74
 
0.86
 

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