Phoenix New Media Limited announced that it has, through one of its affiliated consolidated entities (the Licensee), entered into a new program resource license and cooperation agreement (the 2024 Program License Agreement) with Phoenix Satellite Television Holdings Limited (Phoenix TV). According to the 2024 Program License Agreement, Phoenix TV grants the Licensee exclusive right to broadcast patented video content of Phoenix TV from (i) all television channels of Phoenix TV and its subsidiaries and (ii) third-party platforms on the internet in mainland China, with such content also broadcasted on the television channels of Phoenix TV and their subsidiaries. Phoenix TV also grants the Licensee the right to sublicense such contents.

The annual fees payable to Phoenix TV by the company for such content licenses will be RMB 50.0 million and term of such license under the 2024 Program License Agreement is one year starting from August 24, 2024 and ending on August 23, 2025.