Fenbi (HKG:2469) said Zhang Xiaolong, its substantial shareholder and chief executive, bought 300,000 shares of the company from the open market, according to a Hong Kong bourse filing Wednesday.

The executive paid HK$903,460 for the shares, representing an average price of HK$3.012 apiece.

The transaction increased Zhang's shareholding to 24.76% from 24.75% of the business, the vocational training company said.