Phoenix Satellite Television Holdings Ltd. announced that Mr. Andy Jin Xu, Senior Vice President of the company, has resigned due to personal reasons. Mr. Shuang Liu, CEO of the company, will assume interim responsibility for handling all advertising sales, marketing and branding activities while the Company undertakes a search for Mr. Xu’s replacement. Mr. Xu will leave the company on July 1, 2016, but will continue to consult for the Company during the search for his replacement, in order to ensure a smooth transition.