Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 164

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 16E
Chunk 164
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ITEM 16E. PURCHASE OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
On September 27, 2023, our board of directors authorized a share repurchase program under which we may repurchase up to US$2 million of our outstanding ADSs from time to time on or before February 27, 2024.
The table below sets forth certain information related to share repurchases made by us of our ADSs under the share repurchase program in the periods indicated.

Period           Total Number of ADSs Purchased        Average Price Paid Per ADS(1)   Total Number of ADSs Purchased as Part of Publicly Announced Plan     Approximate U.S. Dollar Value of ADSs that May Yet Be Purchased Under  
                                                                                                                                                             the Plan                                                               
September 2023                                   —                                 —                                                                     —                                        US$2,000,000                      
October 2023                                     —                                 —                                                                     —                                        US$2,000,000                      
November 2023                                4,064                              1.32                                                                 4,064                                        US$1,994,617                      
December 2023                               38,521                              1.38                                                                38,521                                        US$1,941,349                      
January 2024                                48,639                              1.47                                                                48,639                                        US$1,870,037                      
February 2024                               29,757                              1.46                                                                29,757                                        US$1,826,614                      
March 2024                                       —                                 —                                                                     —                                        US$1,826,614                      
Total                                      120,981                              1.43                                                               120,981                                                                          
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(1) Each of our ADSs represents forty-eight Class A ordinary shares. The average price per ADS is calculated using the execution price for each repurchase excluding commissions paid to brokers.
There were no other purchases made by or on behalf of us or any of our affiliated purchaser of our shares or ADSs in 2024 or the subsequent period.