Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 38

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 4
Chunk 38
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 and Tourism of Beijing Municipality                                            
  Huanyou Tianxia                                   Subsidiary of one of the VIEs      Telecommunication and Information Services Business License           Beijing Communications Administration                                                                              
  Huanyou Tianxia                                   Subsidiary of one of the VIEs      Publication Operation Permit                                          Beijing Municipal Bureau of Press and Publication                                                                  
  Huanyou Tianxia                                   Subsidiary of one of the VIEs      Food Operation Licenses                                               Chaoyang District Market Regulation Administration of Beijing Municipality                                         
  Fenghuang On-line                                 Our PRC subsidiary                 Certificate of High-tech Enterprise                                   Beijing Municipal Science & Technology Commission, Beijing Municipal Finance Bureau, Beijing Municipal Tax Bureau  
  Fenghuang On-line                                 Our PRC subsidiary                 Zhongguancun Science Part High and New Technology Enterprise          Administrative Commission of Zhongguancun Science Park                                                             
  Fenghuang Yutian                                  Our PRC subsidiary                 Certificate of High-tech Enterprise                                   Beijing Municipal Science & Technology Commission, Beijing Municipal Finance Bureau, Beijing Municipal Tax Bureau  
  Fenghuang Borui                                   Our PRC subsidiary                 Certificate of High-tech Enterprise                                   Beijing Municipal Science & Technology Commission, Beijing Municipal Finance Bureau, Beijing Municipal Tax Bureau  
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The following is a summary of the most significant PRC laws and regulations that affect our business activities in China or our shareholders’ rights to receive dividends and other distributions from us.

Foreign Investment Law

Investment activities in the PRC by foreign investors are principally governed by the Catalogue of Industries for Encouraging Foreign Investment, or the Encouraging Catalogue, and the Special Management Measures (Negative List) for the Access of Foreign Investment, or the Negative List, both of which were promulgated and are amended from time to time by the MOFCOM, and the NDRC. The Encouraging Catalogue and the Negative List lay out the basic framework for foreign investment in China, classifying businesses into three categories with regard to foreign investment: “encourage”, “restricted” and “prohibited”. Industries not listed in the Encouraging Catalogue and the Negative List are generally deemed as falling into a fourth category “permitted” unless specifically restricted by other PRC laws.

On September 6, 2024, MOFCOM and the NDRC released the Special Management Measures (