VIRSCEND EDU (01565) CEO and Executive Director Yan Yude increased his stake in the company on July 23, purchasing 6.2 million shares.

The shares were acquired at an average price of HK$0.1941 each, for a total transaction value of HK$1.20342 million. Following this purchase, Yan Yude's latest shareholding stands at approximately 1.432 billion shares, representing a 46.36% stake.

According to Hong Kong Stock Exchange filings, the transaction also involved Wang Xiaoying as a related party. Additional information reveals that Virscend Education Company Limited repurchased 6.2 million shares on the same date to hold as treasury shares. Since Yan Yude controls more than one-third of the voting power at the company's general meetings, he is deemed to have an interest in those treasury shares under the Securities and Futures Ordinance (SFO). The repurchase also led to an increase in the number of shares in which the director's spouse is deemed to have an interest.