Phoenix Media Investment (Holdings) Limited announce that Mr. LI Qi ("Mr. LI") has been appointed as the Chief Operating Officer (the "COO") of the Group with effect from 12 May 2023. Mr. LI, aged 44, joined Phoenix Satellite Television Company Limited in July 2021. He is currently the Executive Vice President (the "EVP") of the Group and director of certain subsidiaries of the Company, responsible for the Group's financial budgeting, capital investments and daily operations.

As EVP and COO, Mr. LI will continue to be responsible for the Group's financial budgeting, capital investments and daily operations. The Board would like to convey its warmest regards to Mr. LI for his new title.