Phoenix Media Investment (Holdings) Limited (PHOENIX TV, 02008) has issued a supplemental circular ahead of its 3 June 2026 annual general meeting (AGM), highlighting board changes, proposed director re-elections and auditor arrangements.
Key developments 1. Board changes and re-elections • Executive reshuffle: Mr Sun Yusheng has retired from the board. In his place, Mr Li Ting (age 63), former deputy editor-in-chief of China Media Group, joined PHOENIX TV on 15 May 2026 as Executive Director, Deputy CEO and Editor-in-Chief. • AGM re-elections: The following directors will retire and seek re-election: – Mr Li Ting (Executive Director) – Ms Ho Chiu King, Pansy Catilina (Non-executive Director) – Mr Zhou Longshan (Independent Non-executive Director) – Mr Thaddeus Thomas Beczak (Independent Non-executive Director)
Mr Beczak, who has served on the board for over nine years and chairs the audit and nomination committees, remains classified as independent after the Nomination Committee’s assessment.
2. Directors’ remuneration • Mr Li Ting: annual emolument of HK$2.40 million plus housing benefits of approximately HK$0.44 million. • Mr Beczak: annual director’s fee of HK$0.25 million.
3. Auditor re-appointment • Shareholders will vote on re-appointing PricewaterhouseCoopers as auditor for FY 2026, with audit fees estimated between HK$9.50 million and HK$10.50 million.
4. Meeting logistics • AGM date and venue: 3 June 2026, 3:00 p.m., No. 2-6 Dai King Street, Tai Po Industrial Estate, Hong Kong. • Shareholders must submit the new proxy form to Computershare Hong Kong Investor Services by 1 June 2026, 3:00 p.m. (48 hours before the AGM) to appoint proxies. Original proxy forms remain valid unless superseded. • The register of members will be closed 29 May–3 June 2026 (both days inclusive); transfers must be lodged by 4:30 p.m. on 28 May 2026 to qualify for voting.
Shareholders are urged to review the supplemental circular for full details and to vote on the updated resolutions at the upcoming AGM.
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