BEIJING, Oct. 15, 2019 /PRNewswire/ -- Phoenix New Media
Limited (NYSE: FENG), a leading new media company in China ("Phoenix New Media", "ifeng", or the
"Company"), today announced that it will hold its annual general
meeting of shareholders at No. 2-6, Dai King Street, Taipo
Industrial Estate, Taipo, New Territories, Hong Kong on November
14, 2019 at 2:00 p.m.
Holders of record of ordinary shares of the Company at the close
of business on October 15, 2019 are
entitled to notice of, and to vote at, the annual general meeting
or any adjournment or postponement thereof. Holders of the
Company's American depositary shares ("ADSs") who wish to exercise
their voting rights for the underlying Class A ordinary shares must
act through the depositary of the Company's ADS program, JPMorgan
Chase Bank, N.A.
The notice of the annual general meeting, which sets forth the
resolutions to be submitted to shareholder approval at the annual
general meeting, is available on the Investor Relations section of
the Company's website at http://ir.ifeng.com. Shareholders may
obtain a copy of the Company's 2018 annual report, free of charge,
from the Investor Relations section of the Company's website at
http://ir.ifeng.com/, or by contacting Phoenix New Media Limited at
Floor 16, Sinolight Plaza, No. 4 Qiyang Road, Wangjing, Chaoyang
District, Beijing 100102,
People's Republic of China,
attention: Qing Liu, telephone: +86 (10) 6067-6000, email:
investorrelations@ifeng.com.
The Company also announced today that Ms. Betty Yip Ho has tendered her resignation as
Chief Financial Officer ("CFO") of the Company due to personal
reasons. Ms. Ho will cease to be the Company's CFO on November 14, 2019 and retire from the Company's
board of directors (the "Board") at the annual general meeting to
be held on November 14, 2019. Mr.
Edward (Xiaojing) Lu, Vice President
of the Company, has been promoted to be the company's new CFO, to
be effective on November 14,
2019.
Mr. Lu joined ifeng in 2009. Prior to the promotion, he has
served in various managerial positions, including executive
assistant to the CEO and Vice President in charge of strategic
investment and human resources, assisting with the oversight and
management of each of the Company's business lines. He has
accumulated extensive experience in capital raising and investment
management, and participated in the planning and execution of
ifeng's first-round of capital raise as well as its initial public
offering. Prior to joining the Company, he was the director of
business development at Ogilvy from 2007 to 2009. Prior to that, he
worked in strategic partnership department at Baidu from 2006 to
2007. Edward received an MBA from INSEAD, and a bachelor's degree
from Western University in Canada.
"On behalf of the Company and the Board, I would like to express
our gratitude to Betty for her leadership and dedication to ifeng
over the past 6 years. Throughout her tenure, Betty excelled
company-wide efforts to create shareholder value through optimizing
our financial model, strengthening the company's balance sheet and
driving strategic investments. We are grateful for her
contributions and wish her the best in her future endeavors,"
commented Mr. Shuang Liu, CEO of
Phoenix New Media.
"At the same time," Mr. Liu continued, "we are fortunate to have
someone as qualified as Edward to serve as our new CFO. Having been
with the Company for many years, Edward commands extensive
knowledge of both our business operations and strategic investment
while maintaining a deep understanding of China's media industry. We are confident that
Edward's experience will help us to ensure a smooth executive
transition."
Ms. Betty Yip Ho stated, "I am
honored and grateful to ifeng for the opportunity to work with such
an outstanding media brand in China for the last six years. It has been a
true privilege to work in such a dynamic and collaborative
environment. I have full confidence in the Company's professional
journalism and believe that ifeng is well-positioned to achieve its
strategic and financial goals while delivering value to
shareholders."
About Phoenix New Media Limited
Phoenix New Media Limited (NYSE: FENG) is a leading new media
company providing premium content on an integrated Internet
platform, including PC and mobile, in China. Having originated from a leading global
Chinese language TV network based in Hong
Kong, Phoenix TV, the Company enables consumers to access
professional news and other quality information and share
user-generated content on the Internet through their PCs and mobile
devices. Phoenix New Media's platform includes its PC channel,
consisting of ifeng.com website, which comprises interest-based
verticals and interactive services; its mobile channel, consisting
of mobile news applications, mobile video application, digital
reading application, fashion application and mobile Internet
website; and its operations with the telecom operators that
provides mobile value-added services.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by words or phrases
such as "aim," "anticipate," "believe," "estimate," "expect,"
"intend," "likely to," "may," "plan," "will" or other similar
expressions. These forward-looking statements are based largely on
current expectations and projections of Phoenix New Media and its
management about future events and financial trends that management
believes may affect Phoenix New Media's financial condition,
results of operations, business strategy and financial needs.
Statements that are not historical facts, including statements
about the beliefs and expectations of Phoenix New Media or its
management, are forward-looking statements. Phoenix New Media also
may make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission ("SEC") on
Forms 20-F and 6-K in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties.
Forward-looking statements involve inherent risks and uncertainties
and you should not rely upon forward-looking statements as
predictions of future events. A number of factors could cause
Phoenix New Media's actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the Company's growth strategies,
including without limitation strategies to grow particular products
or services; the Company's future business development, results of
operations and financial condition; expected changes in the
Company's revenues, including in components of its total revenues,
and cost or expense items; the Company's ability to continue and
manage the expansion of its operations; and changes in general
economic and business conditions in the
People's Republic of China. Further information regarding
these and other risks is included in the Company's filings with the
SEC, including its registration statement on Form F-1, as amended,
and its annual reports on Form 20-F. The forward-looking statements
made in this press release relate only to events or information as
of the date on which the statements are made in this press release.
Phoenix New Media does not undertake any obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of
unanticipated events, except as required under applicable law.
For investor and media inquiries please
contact:
Phoenix New Media Limited
Qing Liu
Email: investorrelations@ifeng.com
ICR, Inc.
Jack Wang
Tel: +1 (646) 405-4883
Email: investorrelations@ifeng.com
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SOURCE Phoenix New Media Limited