Phoenix new media receives notice regarding nyse continued listing standard

Beijing, jan. 14, 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 has received a letter from the new york stock exchange (the "nyse") dated january 5, 2022, notifying the company that it is not in compliance with the nyse's price criteria for continued listing standard because, as of january 4, 2022, the average closing price of the company's american depositary shares (the "adss") was less than us$1.00 per ads over a consecutive 30 trading-day period. this press release is issued within the 30-day period following receipt of such notice as required under the nyse rules.
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