Phoenix new media announces plan to implement ads ratio change

Beijing , may 11, 2022 /prnewswire/ -- phoenix new media limited ("phoenix new media," "ifeng" or the "company") (nyse: feng), a leading new media company in china, today announced that it plans to change the ratio of its american depositary shares ("adss") to its class a ordinary shares (the "ads ratio"), par value us$0.01 per share, from the current ads ratio of one (1) ads to eight (8) class a ordinary shares to a new ads ratio of one (1) ads to forty-eight (48) class a ordinary shares. the company anticipates that the change in the ads ratio will be effective on or about may 21, 2022.
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