Phoenix New Media Filed 2019 Annual Report on Form 20-F

BEIJING,April 29,2020 -- Phoenix New Media Limited ("Phoenix New Media","ifeng" or the "Company") (NYSE: FENG),a leading new media company in China,today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31,2019 (the "2019 20-F") with the Securities and Exchange Commission on April 28,2020. The 2019 20-F can be accessed on the Company's investor relations website at http://ir.ifeng.com. The Company will provide a hard copy of its audited consolidated financial statements contained in the 2019 20-F,free of charge,to its shareholders and ADS holders upon request. Requests can be directed to Investor Relations Department,Phoenix New Media Limited,Sinolight Plaza,No. 4 Qiyang Road,Wangjing,Chaoyang District,Beijing 100102,People's Republic of China.

About Phoenix New Media Limited

Phoenix New Media Limited (NYSE: FENG) is a leading new media company providing premium content on an integrated Internet platform,including PC and mobile,in China. Having originated from a leading global Chinese language TV network based in Hong Kong,Phoenix TV,the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet through their PCs and mobile devices. Phoenix New Media's platform includes its PC channel,consisting of ifeng.com website,which comprises interest-based verticals and interactive services; its mobile channel,consisting of mobile news applications,mobile video application,digital reading application and mobile Internet website; and its operations with the telecom operators that provides mobile value-added services.

For investor and media inquiries please contact:

Phoenix New Media Limited

Qing Liu

Email: investorrelations@ifeng.com

ICR,Inc.

Jack Wang

Tel: +1 (646) 405-4883

Email: investorrelations@ifeng.com

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