Phoenix Media Investment (Holdings) Limited (02008) issued a supplemental announcement regarding its continuing connected transactions under a Framework Lease Agreement originally disclosed on 21 November 2025. The supplemental information focuses on the company’s internal control policy and procedures designed to ensure compliance with relevant Listing Rules.

The disclosed measures include a review mechanism for each transaction by the relevant Subsidiary Lessee, verifying terms and pricing to align with the Listing Rules and the disclosed terms. The company emphasizes efforts such as comparing rental prices with market rates to confirm normal commercial terms. Monthly internal reports are prepared, and a “warning” system is in place to alert the board when the transaction amount accumulates to 80% of the annual cap.

The announcement also notes that independent non-executive directors will conduct an annual review of the transactions. Relevant information will be available for auditors’ inspection to verify compliance with the agreement terms and pricing policies during the 2026 reporting year. The company secretary confirms that these procedures and monitoring steps will be observed to maintain thorough oversight and proper implementation of the Framework Lease Agreement.