Jerry Juying Zhang has served as an Independent Director of Phoenix New Media Limited (NYSE:FENG) since May 2011. Mr. Zhang has been an Advisor to a subsidiary of Public Investment Fund of Saudi Arabia since February 2025 and to China XLX Fertilizer Ltd. since November 2023. He has acted as an Independent Director of Tahoe Life Insurance Company Limited since November 2023 and of CITIC Dicastal Co. Ltd. since May 2024. Previously, he was a Managing Director of China Orient Asset Management (International) in Hong Kong between March 2015 and December 2022. He was a Senior Managing Director of CITIC Capital Holdings Limited between June 2009 and December 2014. Prior to joining CITIC Capital Holdings Limited, Mr. Zhang was a Managing Director in the Investment Banking Division of Deutsche Bank in Hong Kong from August 2006 to June 2009. He served as a Managing Director and the Head of Investment Banking of CITIC Capital Markets Holdings Limited in Hong Kong from March 2003 to July 2006 and, prior to that time, as an Executive Director in the Communications, Media and Entertainment Group of the Investment Banking Department of Goldman Sachs in Hong Kong from April 2001 to January 2003. Mr. Zhang held the positions of Associate, Vice President, and Director at Salomon Smith Barney from August 1994 to March 2001. Prior to joining Salomon Smith Barney, he served as Accounting Manager for Town & Country Homes in Chicago from January 1990 to December 1993 and as Accountant, Audit Senior, and Supervisor at Ernst & Young in Chicago and Hong Kong. Mr. Zhang held CPA qualifications in China and the State of Kentucky, both of which he has surrendered voluntarily. He holds a Doctor of Business Administration degree from City University of Hong Kong, an MBA from the University of Chicago, an MA in Accounting from the Ministry of Finance Graduate School in the PRC, and a BA degree from Inner Mongolia University.