Phoenix TV reshapes top management: Sun Yusheng retires, Li Ting steps in as Executive Director, Deputy CEO and Editor-in-Chief

Bulletin Express05-15 17:03

Hong Kong—15 May 2026—Phoenix Media Investment (Holdings) Limited (“Phoenix TV”) announced a major leadership transition effective the same day.

Resignation • Mr. Sun Yusheng has stepped down as Executive Director, Deputy Chief Executive Officer, Editor-in-Chief, Nomination Committee member, Authorised Representative and Process Agent owing to retirement. • The board confirmed that Mr. Sun has no disagreements with management and no other matters require shareholder attention.

Appointment • Mr. Li Ting, aged 63, has been appointed to all of Mr. Sun’s former positions, including Executive Director, Deputy Chief Executive Officer, Editor-in-Chief, Nomination Committee member, Authorised Representative and Process Agent. • Mr. Li brings more than 40 years of broadcast-media experience, having served as Deputy Editor-in-Chief and News Centre Director at China Central Television and China Media Group. • Contract terms: three-year tenure starting 15 May 2026, subject to retirement by rotation. Annual remuneration is HK$2.40 million, supplemented by housing benefits of HK$0.44 million. No additional director’s fee is payable.

AGM adjustments • Owing to Mr. Sun’s departure, ordinary resolution No. 2 in the AGM notice dated 28 April 2026 has been withdrawn. • Mr. Li will retire and offer himself for re-election at the 3 June 2026 AGM under Article 83(3). • To satisfy rotation requirements, Independent Non-executive Director Mr. Thaddeus Thomas Beczak will also retire and stand for re-election alongside Ms. Ho Chiu King, Mr. Zhou Longshan and Mr. Li. • A supplemental circular, revised AGM notice and proxy form will be dispatched to shareholders by 16 May 2026.

Board composition after the change Executive Directors: Xu Wei (Chairman & CEO), Li Ting (Deputy CEO & Editor-in-Chief) Non-executive Directors: Ho Chiu King (Vice-chairman), Ding Wei, Qiu Baohua, Cui Xian Independent Non-executive Directors: Thaddeus Thomas Beczak, Fang Fenglei, Zhou Longshan

The board expressed appreciation for Mr. Sun’s contribution and extended a formal welcome to Mr. Li.

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