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

## Ferretti S.p.A. Seats New Board Amid Strong Shareholder Backing Italian luxury yacht manufacturer Ferretti S.p.A. has successfully concluded its Annual General Meeting, electing a new board of directors and securing renewed commitments from its principal shareholders, according to a company announcement issued June 5, 2026. The AGM, held on 14 May 2026, saw shareholders approve by majority vote the composition of a new slate of directors to guide the dual-listed company — which trades on both the Hong Kong Stock Exchange (HKEX: 9638) and Euronext Milan (YACHT) — through its next phase of growth. Of particular note was the public reaffirmation of support from FIH and Weichai Group, two of Ferretti's most significant institutional backers. Both entities signalled their continued confidence in the company's business model and future development trajectory, a statement that will be closely watched by investors and industry observers alike. Weichai Group, the Chinese industrial conglomerate with broad interests spanning power systems and heavy machinery, has been a cornerstone investor in Ferretti for over a decade, having acquired a controlling stake in the Italian shipbuilder in 2012. Its continued endorsement underscores the enduring appeal of premium European marine brands to major Asian industrial investors. Ferretti Group operates a portfolio of prestigious yacht brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, and Custom Line, positioning it as one of the world's leading builders of luxury motor yachts and superyachts. The company's dual listing reflects its ambition to access both European and Asian capital markets. The leadership transition comes at a dynamic period for the global luxury yacht sector, which has experienced significant demand growth in recent years, though the market has also faced headwinds from supply chain pressures and shifting consumer sentiment in key markets. The reaffirmed shareholder support is expected to provide stability as the new board sets its strategic priorities, which industry analysts anticipate will include continued investment in sustainable propulsion technologies and expansion in Asian markets. *Source: PR Newswire / Ferretti S.p.A. company announcement, June 5, 2026.*