Group 1 - The forum "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" to explore development opportunities amidst global changes [1] - Xu Wei, Chairman and CEO of Phoenix Satellite Television, emphasized Guangzhou's historical significance as a commercial hub and its role in connecting China with the world [3] - Despite global economic pressures, regional innovation remains strong, with the Guangdong-Hong Kong-Macao Greater Bay Area showing significant growth, such as over 2.2 million overnight visitors to Guangzhou from January to May, a year-on-year increase of over 16% [3] Group 2 - Xu Wei highlighted the importance of dialogue amidst cultural differences, stating that diversity can be an opportunity for mutual learning rather than a barrier [4] - The recent "2025 Phoenix Star Listed Company Awards" recognized outstanding Chinese companies that demonstrate both the courage to expand internationally and the ability to cooperate globally [4] - Phoenix Satellite Television aims to promote Chinese culture and facilitate international exchanges, positioning itself as a bridge for cooperation and communication [4]

Core Insights - The "Phoenix Bay Area Finance Forum 2025" held in Guangzhou focused on the theme "New Pattern, New Path" and gathered global elites from politics, business, and academia to explore development opportunities amidst changing circumstances [1] Group 1: Economic Outlook - Despite ongoing pressures on global economic growth, regional innovation engines remain active, exemplified by the Guangdong-Hong Kong-Macau Greater Bay Area, which saw over 2.2 million overnight visitors in Guangzhou from January to May, a year-on-year increase of over 16% [3] - The World Intellectual Property Organization ranked the "Shenzhen-Hong Kong-Guangzhou" cluster as the top innovation hub for the first time, highlighting the area's growing global appeal [3] Group 2: Dialogue and Cooperation - The forum emphasized the importance of dialogue amidst cultural differences, with Phoenix TV operating 63 news stations globally, showcasing its commitment to international communication and understanding [3] - The "2025 Phoenix Star Listed Company Awards" recognized outstanding Chinese enterprises that demonstrate both the courage to expand internationally and the capability for global cooperation, reinforcing the notion that openness and collaboration are essential for future success [4]

Group 1 - The "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" to explore development opportunities amidst changing circumstances [1] - Huang Dongwen, Vice President of Media Operations at Phoenix Satellite Television, discussed the internationalization of Chinese brands and the launch of the integrated service brand "Phoenix Goes Global" [3] - China has maintained its position as the world's leading trading nation for seven consecutive years, with a total import and export volume increase of approximately 2 trillion yuan last year, equivalent to the foreign trade volume of a medium-sized country [3] Group 2 - Despite the expansion in scale, the quality of brands remains a critical issue for Chinese enterprises in the internationalization process, with Chinese companies' average profit levels being only about 40% of those of U.S. companies [4] - The Brand Finance data indicates that U.S. brands account for 52.9% of the value in the global top 500, while Chinese brands only account for 15%, highlighting the need for improvement in brand value and global operational efficiency [4] - Huang emphasized that true international brands must transcend their cultural origins and establish deep connections with consumers from diverse backgrounds, citing McDonald's as an example of successful localization [4] Group 3 - Phoenix Satellite Television aims to promote Chinese culture and facilitate international exchanges, positioning itself as a key channel for China's national image dissemination [5] - The company seeks to collaborate with more enterprises as "brand partners" to explore new chapters in global development [5]

Group 1 - The "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" to explore development opportunities amidst global economic changes [1] - Yang Jiaqiang, Executive Vice President and CFO of Phoenix Satellite Television, emphasized that globalization and de-globalization are intertwined, making international expansion a critical issue for companies, especially those in the Bay Area [3] - The forum aims to gather insights from policy institutions, industry think tanks, and leading enterprises to overcome challenges and seek win-win solutions for businesses going global [3] Group 2 - The "2025 Phoenix Star Listed Company Awards" will recognize A-share and Hong Kong-listed companies for their international expansion efforts, evaluating them on multiple dimensions such as market value management and innovation [4] - Yang Jiaqiang highlighted the importance of face-to-face dialogue over one-way information transmission, aiming to broaden perspectives on international expansion and foster future cross-industry collaborations [4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鳳凰衛視投資(控股)有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02008 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | | 1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | | 1 HKD | | 1,000,000,000 | 本月 ...

PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳凰衛視投資（控股）有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立之有限公司 ) (Stock Code 股份代號: 02008) Dear non-registered shareholder(s)(Note 1) , 1 September 2025 Phoenix Media Investment (Holdings) Limited (the "Company") – Notice of Availability - Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The Current Corporate Communication of the Company has been published in English and Chinese languages and are avai ...

PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳凰衛視投資（控股）有限公司 Dear registered shareholder(s), Phoenix Media Investment (Holdings) Limited (the "Company") – Notice of Availability - Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The Current Corporate Communication of the Company has been published in English and Chinese languages and are available on the website of the Company at https://www.irasia.com/listco/hk/phoenixtv/ (the "Company's Website") and the website of the HK ...

Financial Performance - The Group's revenue for the Period was approximately HK$873,671,000, representing a decrease of 16.2% compared to HK$1,042,746,000 for the same period last year due to decreased advertising revenue from intensified competition and shifting consumer preferences in the outdoor media business [10]. - The loss attributable to owners of the Company increased to approximately HK$205,264,000, an increase of 11.3% compared to HK$184,457,000 for the same period last year [12]. - Revenue for the six months ended June 30, 2025, was HK$873,671,000, a decrease of 16.2% compared to HK$1,042,746,000 in 2024 [148]. - The company reported a loss attributable to owners of the Company of HK$205,264,000, compared to HK$184,457,000 in 2024, an increase of 11.3% [148]. - Loss before income tax for the period was HK$258,005,000, compared to a loss of HK$219,434,000 in the previous year, indicating a 17.5% increase in losses [148]. - Total comprehensive expense for the period was HK$140,132,000, significantly improved from HK$307,728,000 in 2024, marking a reduction of 54.4% [150]. Operating Costs and Expenses - Operating costs decreased by 5.8% to approximately HK$1,153,403,000, down from HK$1,224,550,000 in the previous year, attributed to effective cost control measures [11]. - Operating expenses decreased to HK$975,075,000 from HK$1,030,254,000, reflecting a reduction of 5.4% [148]. - Staff costs for the period decreased to approximately HK$500,962,000, down from HK$537,808,000 for the six months ended June 30, 2024 [68]. Revenue Breakdown - Television broadcasting revenue decreased to HK$306,018,000 from HK$382,584,000, while Internet media revenue increased to HK$371,475,000 from HK$353,308,000 [17]. - Revenue from television broadcasting decreased by 20.0% to approximately HK$306,018,000, accounting for 35.0% of the total revenue [42]. - Revenue from the internet media business increased by 5.1% to approximately HK$371,475,000, with a segmental loss of approximately HK$35,620,000 [47]. - Revenue from the outdoor media business decreased by 42.7% to approximately HK$140,730,000, with a segmental loss of approximately HK$60,830,000 [48]. Investment and Assets - The fair value loss for investment properties in Beijing, Shenzhen, and London was approximately HK$8,332,000, significantly lower than the HK$29,625,000 loss recorded in the same period last year [11]. - The Group's financial assets at fair value through profit or loss totaled HK$210,643,000 as of June 30, 2025, with HK$144,640,000 in structured deposits and HK$66,003,000 in other investments [191]. - The carrying amounts of the Group's financial assets and liabilities approximate their fair values due to their short maturities [197]. Audience and Market Presence - The global audience scale of Phoenix TV exceeds 2 billion, with over 500 million television audience and more than 200 million overseas new media audience [23]. - The number of overseas social media users of Phoenix TV has exceeded 10 million, with a 49% increase in YouTube subscribers during the first half of the year [23]. - The company's YouTube channel subscribers grew by 49% in the first half of the year, ranking among the top Chinese media channels in Hong Kong [24]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the period up to June 30, 2025, except for certain deviations [121]. - Mr. Xu Wei has served as both Chairman and CEO, which deviates from code provision C.2.1, but the Board believes this is beneficial due to his extensive experience in the media industry [125]. - The Company has adopted a code of conduct for securities transactions by Directors, confirming compliance throughout the period [137]. Cash Flow and Financial Position - Cash and cash equivalents decreased to HK$1,700,267,000 from HK$2,010,244,000, a decline of 15.4% [153]. - For the six months ended June 30, 2025, net cash used in operating activities was HK$95,202,000, compared to HK$11,415,000 for the same period in 2024, indicating a significant increase in cash outflow [162]. - The company reported a decrease in cash and cash equivalents of HK$354,242,000 for the six months ended June 30, 2025, contrasting with an increase of HK$24,267,000 in the same period of 2024 [163]. Share Options and Capital Structure - As of June 30, 2025, there are 46,379,395 share options available for grant under the 2017 Share Option Scheme, representing approximately 9.3% of the total issued share capital of the Company [90]. - The total number of share options available under the 2018 PNM Share Option Scheme is 26,593,526, representing approximately 4.6% of the total issued share capital of PNM [106]. - The share capital remained unchanged at HK$499,366 as of June 30, 2025 [158]. Future Outlook and Strategy - The Group plans to continue consolidating existing businesses while exploring new business opportunities to enhance its operations [74]. - The Company aims to innovate content products on major streaming platforms and expand the use of artificial intelligence tools for enhanced media communication [23]. - The integration of television broadcasting and internet media platforms enhanced the overall influence of the Phoenix Media matrix [32].

Group 1 - The company reported a mid-year revenue of approximately HKD 874 million for 2025, representing a decrease of 16.2% compared to the same period last year [1] - The loss attributable to the company's owners was approximately HKD 205 million, an increase of 11.3% from the previous year [1] - The basic and diluted loss per share was HKD 0.411 [1]

Core Viewpoint - Phoenix Satellite Television (02008.HK) reported a revenue of approximately HKD 873,671,000 for the six months ending June 30, 2025, representing a decrease of 16.2% compared to the same period last year, primarily due to intensified competition in the outdoor media sector and shifts in consumer preferences leading to a decline in advertising revenue [1] Financial Performance - The company's attributable loss increased to approximately HKD 205,264,000, compared to HKD 184,457,000 for the six months ending June 30, 2024, marking an increase of 11.3% year-on-year [1]