Phoenix Media Investment (Holdings) Limited announced that Mr. XIA Bing has tendered his resignation as a non-executive director and member of the Remuneration Committee of the Company with effect from 6 June 2019; Mr. XIA has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the holders of securities of the Company or The Stock Exchange of Hong Kong Limited and Mr. ZHANG Dong has been appointed as a non-executive director and member of the Remuneration Committee of the Company with effect from 6 June 2019.