Phoenix Publishing and Media Inc (PPM) received the Social Responsibility Award at the 15th Value Evaluation of Chinese Listed Companies. In addition, Xu Yunxiang, secretary of the board of PPM, also received an award for his outstanding work.

Sponsored by Securities Times, a subsidiary of People's Daily, the event aims to award excellent listed companies and senior executives.

Phoenix Media has consistently prioritized social benefits over economic benefits.

The company has organized various activities, including book fairs and visits of literary masters in Jiangsu province. It also donates nearly 10 million yuan ($1.55 million) per year to promote reading.

In response to the national poverty alleviation strategy, Phoenix Media has taken part in the partner assistance program in Guanyun and Xiangshui, two places in Jiangsu.

The company also published large amounts of high quality publications, 367 of which have received national recognition.

As a link between a listed company and the capital market, secretaries of the board play an important role in regulating corporate governance, organizing information disclosure, conveying corporate value, and maintaining a positive corporate image.

Under Xu's oversight, Phoenix Media has actively implemented the requirements from the China Securities Regulatory Commission and the Shanghai Stock Exchange, as well as improved its corporate governance structure.

The company received the highest grade of A for information disclosure from the SSE this year for the fifth time in a row.