Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 154

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 12
Chunk 154
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ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
A. Debt Securities
Not applicable.
B. Warrants and Rights
Not applicable.
C. Other Securities
Not applicable.
D. American Depositary Shares
In July 2016, we appointed JPMorgan Chase Bank, N.A., or JPMorgan, as the successor depositary for our ADR program. JPMorgan replaced Deutsche Bank Trust Company Americas, or Deutsche Bank, as depositary for our ADR program effective from July 18, 2016. We entered into an amended and restated deposit agreement with JPMorgan, as depositary, and all holders from time to time of our ADRs in July 2016 to amend and restate the previous deposit agreement with Deutsche Bank dated as of May 11, 2011. In May 2022, we entered into amendment No.1 to the amended and restated deposit agreement with JPMorgan and all holders from time to time of our ADRs to change the ratio of our ADS and Class A ordinary shares.
Fees and Charges
As an ADS holder, you will be required to pay the following service fees to JPMorgan as the depositary bank:
 
Service:                                                                                                    Fee:                                                                                                                                                        
Issuance of ADSs, including issuances resulting from a distribution of shares or rights or other property   $5.00 for each 100 ADSs (or portion thereof) issued                                                                                                         
Cancellation of ADSs, including in the case of termination of the deposit agreement                         $5.00 for each 100 ADSs (or portion thereof) cancelled                                                                                                      
Distribution of cash dividends or other cash distributions                                                  Up to $0.05 per ADS held                                                                                                                                    
Distribution of ADSs pursuant to share dividends, free share distributions or exercise of rights            Up to $0.05 per ADS held                                                                                                                                    
Distribution of securities other than ADSs or rights to purchase ADSs or additional ADSs                    A fee being in an amount equal to the fee for the execution and delivery of ADSs which would have been charged as a result of the deposit of such securities
Depositary services                                                                                         An aggregate fee of U.S.$0.05 per ADS per calendar year (or portion thereof) for services performed by the Depositary in administering the ADRs             
Transfer of ADRs                                                                                            $1.50 per certificate presented for transfer                                                                                                                

As an ADS holder, you will also be responsible to pay certain fees and expenses