Ferretti S.p.A. Elects New Board as Major Shareholders Reaffirm Commitment to Luxury Yacht Group

## Ferretti S.p.A. Elects New Board Amid Strong Shareholder Backing Italian luxury yacht builder Ferretti S.p.A. has successfully concluded its Annual General Meeting, held on 14 May 2026, with shareholders approving by majority vote the election of a new Board of Directors — a move that signals continued confidence in the group's leadership and strategic direction. According to a statement issued via PR Newswire, two of the company's most significant shareholders — FIH (Fung Investments Holdings) and Weichai Group — used the occasion to publicly reaffirm their full support for Ferretti's future development. The dual endorsement from these major institutional backers is seen as a stabilising signal for the dual-listed company, which trades on both the Hong Kong Stock Exchange (HKEX: 9638) and Euronext Milan (YACHT). Weichai Group, the Chinese industrial conglomerate that holds a controlling stake in Ferretti, has been instrumental in the yacht maker's international expansion strategy since acquiring its majority interest. The reaffirmation of support underscores the continued alignment between Ferretti's Italian craftsmanship heritage and its Chinese ownership's long-term growth ambitions. ### Strategic Context Ferretti Group is one of the world's leading luxury yacht manufacturers, encompassing prestigious brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, and Custom Line. The appointment of a refreshed board comes at a time when the global superyacht and luxury marine sector continues to navigate post-pandemic demand normalisation, rising build costs, and increasing regulatory scrutiny around emissions and sustainability. The governance transition is particularly significant given Ferretti's dual-market listing, which requires the company to maintain transparency and investor confidence across both European and Asian financial markets. ### Outlook With a renewed board in place and its principal shareholders publicly committed to the company's trajectory, Ferretti appears well-positioned to advance its product development pipeline and sustainability initiatives. Industry observers will be watching closely for any strategic announcements regarding new vessel programmes, yard investments, or partnerships that may follow from the refreshed leadership structure. *Source: PR Newswire*