Phoenix New Media Limited announced that Ms. Betty Yip Ho has tendered her resignation as Chief Financial Officer of the Company due to personal reasons. Ms. Ho will cease to be the Company's CFO on November 14, 2019 and retire from the Company's board of directors at the annual general meeting to be held on November 14, 2019. Mr. Edward (Xiaojing) Lu, Vice President of the Company, has been promoted to be the company's new CFO, to be effective on November 14, 2019.

Mr. Lu joined ifeng in 2009. Prior to the promotion, he has served in various managerial positions, including executive assistant to the CEO and Vice President in charge of strategic investment and human resources, assisting with the oversight and management of each of the Company's business lines.