Phoenix Media Investment (Holdings) Limited announced that Mr. GONG Jianzhong has tendered his resignation as a non-executive director, member of audit committee and risk management committee of the Company due to other work arrangement with effect from 27 March 2020; and Mr. HUANG Tao has been appointed as a non-executive director, member of audit committee and risk management committee of the Company with effect from 27 March 2020. Mr. HUANG Tao, aged 41, is currently head of the Consumer and Financial Institutions Group Investment Division of Bank of China Group Investment Limited.