Phoenix Media announced that on July 30, the company's board of directors received a resignation report from Chairman Zhang Chaoyang. Due to job adjustments, he applied to resign as director, chairman, and director of the Strategy and Sustainability Committee. His original term of office was until May 12, 2028. The resignation report takes effect from the date it is delivered to the board of directors. It will not affect the normal operation of the company, and there are no unfulfilled public promises. The company will complete the by-election of directors and the election of a new chairman as soon as possible.

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