Exhibit 10.58


 


The Assets
Income Right Transfer and Repurchase Contract


 


Contract No.:1419425012


 


Party A: Tianjin Trust
Co.,Ltd


 


Legal representative: Zhao
Yi


 


Adress: No.125 and No.127
Weididao Avenue, Hexi District, Tianjin


 


Zip code: 300074


 


Contact person: Li Tianchen


 


	Tel:	022-28408072	 	E-Mail:	litc@tjtrust.com	 


 


Party B: Wuhan Kingold
Jewelry Co., Ltd


 


Registered number: 420100000023089


 


Legal representative:
Jia Zhihong


 


Address: No. 15 (special),
Huangpu Science Park, Jiang’an District


 


Zip code: 430014


 


Contact person: Hu Qiao


 


	Tel:	13317109760	 	E-Mail:	445747508@qq.com	 


 


Guarantee: Wuhan Kingold
Industrial Group Co., Ltd


 


License number:91420102MA4KN9QJ35


 


Legal representative: Jia
Zhihong


 


Address: 1# Floor 10, Unit
1 of Building 7, Wuhan·Shanghai Creative Industry Park,
No.8 Hanhuang Road, Jiang’an District, Wuhan


 


Zip code: 430014


 


Contact person: Hu Qiao


 


	Tel:	13317109760	 	E-Mail:	445747508@qq.com	 


 


Guarantee: Jia Zhihong


 


ID number: 420102196111133118


 


Address: No. 15 (special),
Huangpu Science Park, Jiang’an District


 


Zip code:430023


 


Contact person: Hu Qiao


 


	Tel:	13317109760	 	E-Mail:	445747508@qq.com	 


 




     


     


    

 


Whereas:


 


Party A plans to establish
a trust plan and purchases the Assets Income Right of Au9999 standard gold (no less than 4.5 tons)from Shanghai Gold Exchange(“SGE”)
held by Party B with trust fund of the Trust Plan. And Party B shall repurchase the above Assets Income Right by the time price
according to the agreement of both parties.


 


According to The Contract
Law of the People’s Republic of China and other laws and regulations, based on the principles of good faith and justice
and through friendly consultation, both sides reach this contract to comply regarding the transfer and repurchase of the Object
Assets Income Right.


 


Article 1 Transfer
Object


 


1、The
transfer object under this contract is the Assets Income Right of no less than 4.5 tons of Au9999 standard gold from Shanghai
Gold Exchange held by Party B.


 


2、:Assets
Income Right shall include:


 


(1)
The income gained by object assets disposal;


 


(2)
Other income generated by the object assets.


 


Article 2 Transfer
Price and Payment


 


1、Both
parties agree that the transfer price of the Object Assets Income Right is between RMB 10 million and RMB 1 billion.


 


2、The
transfer price shall be paid by the trust fund under Trust Plan and the actual amount shall be subject to the amount of actual
raised trust fund of Trust Plan. On receiving every transfer payment, Party B shall submit payment confirmation to Party A.


 


3、Party
A agrees to pay transfer price in lump sum or in installments after the establishment of Trust Plan and the guarantee, which is
promised by Party B, is implemented.


 


	Account name:	Wuhan Kingold Jewelry Co.,
    Ltd
	 	 
	Account number:	42050110242500000003


 


	Bank:	China Construction Bank,
    Wuhan Houhu Avenue Tongan sub-branch


 




     


     


    

 


Party A shall be deemed
to perform duty after paying the transfer price to the above account of Party B. If any change occurs on the above account, party
B shall give written notice to Party A on the date of change, otherwise any responsibilities arising from that shall be taken
by Party B.


 


4、After
the date that Party A signed this contract and pays the first transfer payment, Party A obtains all the Object Assets Income Right
since this date. Since this delivery date, Party B shall deposit all interests and other earnings of Object Assets in the special
trust account in 2 work days.


 


Article 3 Assets Income
Right Repurchase


 


1、After
transferring the Assets Income Right to Party A, Party B promises to repurchase the Assets Income Right in the agreed period since
the establishment of trust plan. After Party B completed the payment, Party B shall be deemed to complete the repurchase of the
Assets Income Right, and the Assets Income Right is owned by Party B.


 


2、Repurchase
payment price consists two parts: Base repurchase price and repurchase premium. And repurchase price and due date of phase i shall
subject to batch i Confirmation.


 


(1)
base repurchase price:


 


Base repurchase price of
batch i equals to transfer amount of batch i. And party B shall pay on the due date appointed by Batch i Confirmation.


 


(2)
repurchase premium:


 


Party B shall pay current
duration premium according to the annual rate of repurchase premium in the chart agreed below before 21st (included) of every
month and the last base repurchase price due date.


 


	starting date	 	annual rate of repurchase

    premium
	 	 	 
	due date of the first transfer price	 	     12     %


 


Calculation formula is
as below:


 


current duration premium=
unsettled base repurchase price×days in this accounting period×annual rate of repurchase premium/360


 


Days in this accounting
period refers to the days from 21st of previous month to the 20th (included) of current month. And days
in last accounting period refers to the days from 21st of previous month to the day (not included) of the settlement
of all base repurchase prices.


 




     


     


    

 


Repurchase premium due
date and repurchase due date should not be moved backward when meet with statutory holiday. Party b shall transfer money to the
special account in the nearest workday.


 


If party b does not transfer
payment within due date, the penalty shall be counted from repurchase premium due date or repurchase due date and in accordance
with the articles stipulated in this contract.


 


3、Party
b shall pay the repurchase price by transferring money to the special account appointed by Party A(Account Name: Tianjin Trust
Co.,Ltd, Account Number: , Bank: )


 


4、When
Party B is paying the repurchase price, all interests and other earnings produced by Object Assets that has been transferred to
special account shall be deduction to the repurchase price.


 


Article 4 Trust Protection
Fund


 


1、According
to relevant stipulations in Measures for the Administration of Protection funds in the Trust Industry, Party B shall subscribe
trust protection funds at the price of 1% of base repurchase price. Every time when Party A pays the transfer amount, it will
send trust protection fund subscription notice and confirm the subscription amount to Party B. Party B shall transfer subscription
amount to the special account Party A designated within the day that Party A pays transfer amount, and Party A shall subscribe
the protection fund on its behalf.


 


Article 5 Documents
Submission


 


Party B shall submit necessary
documents and materials in accordance with Party A’s requirements, including but not limited to original pieces or copies
of relevant materials on object assets owned by Party B. The documents and materials that Party B submits to Party A are all deemed
as effective attachment to this contract.


 


Article 6 Tax Payment


 


The taxes produced in the
process of the exercise of rights or obligations under the contract shall be paid by each party respectively


 




     


     


    

 


Article 7 Representations
and Warranties of Party B


 


Follows are the representation
and warranties of Party B:


 


1、After
this contract is signed, it will constitute the legal, valid and binding obligation to it.


 


2、Party
B is the entire, effective and legal owner of the object assets, and is entitled to transfer the assets income right of the object
assets to Party A. Party A shall not meet any legal or actual impediment.


 


3、Party
B guarantees that there are no any other priority rights or third part rights except for additional articles in this contract.


 


4、After
this contract is signed, without Party A’s written permission, Party B shall not dispose object assets in any form, and
there shall be no priory right and other third party power on the object assets in any form.


 


5、Relevant
materials offered by Kingold Jewelry to Party A are true, effective, complete and there is no material omission or concealment.


 


6、The
transfer and repurchase of assets income right are equipped with necessary authorization and permission, and are within Party
B’s authority and are obedient with relevant laws.


 


Article 8 Representations
and Warranties of Party A


 


Follows are the representation
and warranties of Party A


 


1、An
enterprise as a legal person, which forms legally according to the Law of the PRC and validly exists, and guarantees that it operates
legally


 


2、It
is complied with relevant trust stipulations to purchase assets income right by trust fund and the purchase is nit obedient with
compulsory stipulations in laws and administrations.


 


3、Relevant
materials offered Party B are true, effective, and complete and there is no material omission or concealment.


 


4、After
this contract is signed, it will constitute the legal, valid and binding obligation to it.


 


5、To
pay the transfer price to Party B according to this contract.


 


Article 9 Contract
Entry into Force


 


1、The
Contract should come into effect since being signed (or stamped) by the legal representatives/responsible persons of both parties
and stamped with the corresponding official seal (or special seal for contract).


 


2、The
Contract should be terminated if the trust plan fails to establish or party b’s promised guarantees are not implemented
in 60days since the date that the contract is signed.


 




     


     


    

 


Article 10 Special
Agreement


 


1、After
coming into force of this contract, Party A is empowered to learn about Party B’s management, financial activities, major
transactions, and Party A is not entitled to intervene Party B’s management.


 


2、After
this contract becomes effective, if one of the following credit risks happens, Party B shall inform Party A in written form within
five business days after knowing this situation. Effects, possible effects on Party B , and remedial measures which has taken
or are going to take, deadline of remedy and expected effects should be listed carefully in the written notice.


 


(1)
The operating status of Party B deteriorates.


 


(2)
Party B has lost the business reputation.


 


(3)
Significant suit or arbitration cases happen which affect or may affect interests of Party B and make the operating status
of Party B deteriorate.


 


(4)
Events happen in Party B, which may have material adverse effect on Party B’s business, capital and property status.


 


(5)
Other items that have material adverse influences on Party B when it performs this contract’s obligation.


 


Article 11 Notification


 


1、Unless
there are other provisions in the contract, otherwise, all notices between the two parties under the terms of the contract shall
be in written form, which can be delivered by people, registered letters, express mail service, and fax can be as an auxiliary
way, however, it must have a supplementary delivery according to the agreed ways in the contract.


 


2、The
notices delivered by registered letter (postage paid) are effective delivery on the third day after they are delivered (as indicated
by the postmark). The notices issued by express mail service (postage paid) are effective delivery in the being delivered (as
indicated by the postmark).


 


3、The
delivery and notification articles in this contract and dispute settlement articles are independent articles, not involved in
the effectiveness of the whole contract or other articles in the contract.


 




     


     


    

 


Article 12 Confidentiality


 


Each party should maintain
confidentiality about this contract and matters related with this contract. If there are no written permissions of the other party,
any matters related with this contract cannot be disclosed to a third party, except the disclosures because of following reasons:


 


1、Party
A performs the obligation of disclosing information ruled by the laws and regulations or trust documents and discloses information
to clients and beneficiaries.


 


2、Disclose
information to auditors, lawyers and other working staff, who are authorized in the normal business, with the precondition that
these people should perform the obligation of maintaining confidentiality to the information related with this contract in their
work.


 


3、The
data and documents can be gained publicly or the disclosure of this data is required by laws and regulations.


 


4、Disclosing
information to court, arbitration institution, or the disclosure related with this contract is required by the disclosure procedures
before lawsuit or the similar procedures, or the law procedure requires information to be disclosed.


 


5、According
to the requirement of financial regulator, Party A discloses information to the financial regulator.


 


Rules of this article are
still valid after the termination of contract.


 


Article 13 Dispute
Resolution


 


All disputes arising from
this contract shall be settled through friendly negotiation. In case no settlement can be reached through negotiation, they shall
bring proceedings to the local People's Courts with the jurisdiction where Party A is located.


 


Article 14 Others


 


1、In
case any article of this contract is invalid for any reason, the invalidity of this article does affect the validity of other
articles of this contract, so both parties shall continue to execute the other articles of this contract.


 


2、Party
A has reminds Party B appropriately on articles about its liability exemptions or limitations; and has detailed explanation on
articles that Party B requested. Both parties show consensus on the understanding of this contract.


 




     


     


    

 


3、The
contract is in quadruplicate. Party A holds two copies while Party B holds one copy, and relevant administration holds one copy.
All copies are with equal legal effect.


 


Article 15 Special
Agreement


 


1、In
the duration of this trust plan, when gold price (closing price of Au9999 in afternoon hours in Shanghai Gold Exchange in last
transaction day) changes and it causes the pledge rate hit [0.80],it is hit alarming line. And Party B shall pay cash in corresponding
amount to the pledgee within 3 working days so that the pledge rate will reach to [0.75](included) . When gold price (closing
price of Au9999 in afternoon hours in Shanghai Gold Exchange in last transaction day) changes and it causes the pledge rate to
be higher than [0.75], it is hit close position. In this situation, if Party B does not supplement corresponding gold or cash
to make the pledge rate to decrease to 75%, Party A has right to dispose directly the pledged gold, Party B shall cooperate to
do corresponding work.


 


2、Party
B commits that it or a third party it appointed shall offer guarantee for Party A and guarantee the obligations of Party B under
this contract, such as repurchase payment and etc. 


 


	Guarantees	 	Name Of Guarantee

    contracts	 	Contract Number
	 	 	 	 	 
	Wuhan Kingold Jewelry Co., Ltd	 	Gold Pledge Contract	 	1419425012
	 	 	 	 	 
	Wuhan Kingold Industrial Group Co., Ltd	 	Guaranty Contract	 	1419425012
	 	 	 	 	 
	Jia Zhihong	 	Guaranty Contract	 	1419425012


 


3、Notarization:(1)
Party A and Party B confirm that, after signing the Contract, both parties will transact compulsory notarization of the
Contract and relevant fees would be borne by Party B(2)
Party B hereby commits that if it fails to fulfill or incompletely fulfills any of its obligations under the Contract,
it is willing to receive judiciary compulsory execution, without any judicial proceeding. Party A can directly apply for compulsory
execution to people’s court with jurisdiction. Party B waives right of defense for such application.(3) This Article has
priority to the Article Dispute Resolution in this contract. 


 




     


     


    

 


4、Property
insurance for object assets: (1) After signing this contract, the two parties should purchase property insurance for object assets
at People’s Insurance Company of China for the quality and weight. All the insurance costs produced in insurance shall be
borne by Party B. Where Party B violates the provisions of the contract, Party A shall have the right to apply for compulsory
enforcement to the People’s Court with jurisdiction for directly disposing the pledged object.


 


(The reminder of this page
is intentionally left blank)


 




     


     


    

  


Party A: Tianjin Trust
Co.,Ltd (Official Seal)


 


Legal representative or
authorized agent(stamp):


 


Party B: Wuhan Kingold
Jewelry Co., Ltd. (Official Seal)


 


Legal representative or
authorized agent(stamp):


 


Guarantee: Wuhan Kingold
Industrial Group Co., Ltd


 


Legal representative or
authorized agent(stamp):


 


Guarantee: Jia Zhihong(sign
and fingerprint)


 


	Signing date:	March 12, 2019	Contract signed in Hexi District of Tianjin