The board of directors of Phoenix Media Investment (Holdings) Limited (the Company) announced that Mr. SHA Yuejia (Mr. SHA) has tendered his resignation as a non-executive director of the company due to his retirement, with effect from November 16, 2018. Mr. SHA 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 and Mr. JIAN Qin has been appointed as a non-executive director of the company with effect from November 16, 2018. Mr. JIAN Qin has been appointed as the vice president of China Mobile Communications Group Co. Ltd. since November 2017, and a director and deputy general manager of China Mobile Communication Company Limited since January 2018. Mr. JIAN is principally in charge of marketing, customer service, corporate customer management and IT management matters of China Mobile.