Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 35

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 4
Chunk 35
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ifeng Lianhe continue to use certain of Phoenix TV’s logos that are licensed from Phoenix Satellite Television Company Limited. For information about the risks related to our use of licensed trademarks and our plans to remedy such risks, see “ Item 3. Key Information - D. Risk Factors - Risks Relating to Our Business and Industry - The VIEs and their respective shareholders do not own all the trademarks used in their value-added telecommunications services, which may subject them to revocation of their licenses or other penalties or sanctions.”

Employees

We had 893, 743 and 672 employees as of December 31, 2022, 2023 and 2024, respectively. The table below sets forth the number of employees categorized by function as of December 31, 2024:

  Function                                     
  Management and administration           107  
  Content development                     213  
  Mobile products and services             54  
  Technology and product development       88  
  Sales and marketing                     210  
  Total                                   672  

The number of our employees decreased from 743 as of December 31, 2023 to 672 as of December 31, 2024 primarily because we implemented cost control measures and optimized our employee structure to increase operating efficiency.

As of December 31, 2024, we had 566, 23 and 36 employees located in Beijing, Shanghai and Guangzhou, respectively, and 47 employees located in other locations in China. Currently we do not have any employees located outside of China.

Since our inception, we have not experienced any strikes or other disruptions of employment. We believe our relationships with our employees are good.

The remuneration package of our employees includes salary, bonus, share-based compensation and other cash benefits. In accordance with applicable regulations in China, we participate in a pension contribution plan, a medical insurance plan, an unemployment insurance plan, a personal injury insurance plan, maternity insurance and a housing reserve fund for the benefit of all of our employees.

Facilities

In March 2025, we moved our executive office to Floor 25, Tower B, POSCO Center, Hongtai East Street, Chaoyang District, Beijing 100102, People’s Republic of China. We maintain a number of offices in Beijing, Shanghai and Guangzhou under

leases. As of December 31, 2024, we leased an aggregate of 7,796.72 square meters of office space in Beijing and 3,809.14 square meters of