The education company said on July 8 that Zhang stepped down to handle personal matters, relinquishing his posts as executive director, chief executive officer and board chairman.
Fenbi Ltd. said on July 8 that Zhang Xiaolong resigned from his positions as executive director, chief executive officer and chairman of the board because he needed to handle personal matters. The announcement signals a leadership change at the education company, with Zhang giving up all three senior roles at the same time.