As of December 31, 2025, future minimum commitments under non-cancelable agreements were as follows (in thousands):


	Property Management Costs		Bandwidth Purchases		Cooperation with Phoenix TV Group		Content Purchases		Others		Total
	RMB		RMB		RMB		RMB		RMB		RMB
2026		4,896		485		56,399		6,264		3,878		71,922
2027		3,268		—		1,399		1,000		274		5,941
2028		2,957		—		350		—		88		3,395
2029		2,957		—		—		—		—		2,957
2030 and thereafter		3,194		—		—		—		—		3,194
Total		17,272		485		58,148		7,264		4,240		87,409

The amounts of cooperation with Phoenix TV Group are calculated according to the agreements between the Group and Phoenix TV Group (see Note 2(a)).

Upon the adoption of ASC 842 on January 1, 2019, future minimum lease payments for operating lease commitments as of December 31, 2025 are disclosed in Note 2(v).

The Group did not have any other significant commitments, long-term obligations, or guarantees as of December 31, 2024 and 2025.

From time to time, the Group is involved in claims and legal proceedings that arise in the ordinary course of business. The Group is currently a party to certain legal proceedings and claims which in the opinion of the Company’s management, adequate provisions have been recorded to cover the probable loss of those that can be reasonably estimated, while other claims are considered would not have material adverse effect, individually or in the aggregate, on the Group’s financial position, results of operations or cash flows.

Litigation is subject to inherent uncertainties and the Group’s view of these matters may change in the future. There exists the possibility of a material adverse impact on the Group’s financial position, results of operations or cash flows for the period in which the unfavorable outcome occurs, and potentially in future periods.

As mentioned in Note 13, as of December 31, 2024 and 2025, the Group had recorded uncertain tax positions of RMB15.5 million and RMB14.0 million, respectively.