The board of directors of Phoenix Satellite Television Holdings Limited announced that Mr. GAO Nianshu has tendered his resignation as a Non-executive Director and member of the remuneration committee of the company by reason of his personal commitments, with effect from 19 August 2016. The Board announced that with effect from 20 August 2016: Mr. XIA Bing will be appointed as a Non-executive Director and member of the remuneration committee of the Company; and Mr. HE Di will be appointed as an Independent Non-executive Director of the company. Mr. XIA Bing has been appointed as the general manager of marketing department of China Mobile Communications Corporation since July 2016. Mr. HE Di has been appointed as the Chairman of the board of directors of UBS Securities Company Limited in May 2015.