MILAN, March 9, 2026 /PRNewswire/ — Ferretti International Holding SpA (“FIH“), a wholly-owned subsidiary of the Weichai Group and majority shareholder of Ferretti SpA (HKEX: 9638 / Euronext Milan: YACHT) (“Ferretti Group“or the”Business“), wishes to respond to certain inaccurate and misleading characterizations of the Weichai Group/FIH that have appeared in recent media reports and analyst comments.
Weichai Group / FIH’s commitment to the growth of the Ferretti Group
The Weichai Group has been a long-term strategic investor in the Ferretti Group since 2012, when the company was on the verge of insolvency with a turnover of around 300 million euros and significant losses. During its participation, the Weichai Group made a total of approximately €470 million in investments in the Ferretti Group, supporting the company’s return to sustainable profitability and its position as a leading player in the global luxury yacht industry. In 2025, the Ferretti Group generated a turnover of approximately 1.23 billion euros and a net profit of approximately 90 million euros, with a strong order book providing multi-year revenue visibility.
Weichai Group / FIH have always supported and continue to support Ferretti Group’s pursuit of value-creating opportunities, including organic growth, business expansion and selective mergers and acquisitions. The Company completed its listing on the Hong Kong Stock Exchange in 2022 and on Euronext Milan in 2023, becoming the first Italian luxury yacht manufacturer listed on both markets. The Company has also continually expanded its Italian manufacturing presence, most recently through the acquisition and development of the San Vitale shipyard complex in Ravenna in 2023 and 2024, now the largest production facility in the Ferretti Group, with an investment of approximately €140 million. The complex now covers approximately 100,000 square meters, increasing production capacity by approximately 30% and reinforcing its commitment to Italian craftsmanship and industrial heritage. The suggestion that Weichai Group/FIH prevented or hindered the Company from pursuing its growth initiatives is factually incorrect and without merit.
Governance of the Ferretti Group
The Ferretti Group is a listed company on both the Hong Kong Stock Exchange and Euronext Milan, subject to the governance frameworks and regulatory requirements of both markets. The Company’s strategic decisions are and shall be taken through its duly constituted board of directors and/or the CEO in accordance with applicable laws, listing rules and the Company’s constitutional documents, taking into account the interests of all shareholders. The Company has adopted a corporate governance system consistent with best national and international practices, inspired by the principles and recommendations of the Corporate Governance Code and Appendix C1 of the Listing Regulations.
FIH, as a shareholder, exercises its rights through appropriate corporate governance channels. It does not act unilaterally to direct or constrain the direction of the Company, and any characterization to the contrary misrepresents the governance structure of a publicly traded company.
Comment during offer period
FIH notes that some recent media and analyst comments have included observations on the likely outcome of the ongoing voluntary conditional partial offer by KKCG Maritime, on the voting intentions of potential shareholders at the upcoming annual general meeting and on the anticipated strategic direction of the company under a reconstituted board of directors. FIH considers it necessary to note that such comments, published during the offer period, raise serious questions as to the source and basis of the information relied upon, as well as whether the content of such comments is appropriate in the context of a regulated offer process.
FIH reserves all rights in relation to the foregoing.
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This communication does not constitute, and is not intended to constitute, an offer, invitation or solicitation to purchase or acquire, subscribe for, sell or otherwise dispose of any financial instruments. The publication or dissemination of this communication in countries other than Italy and Hong Kong may be subject to restrictions under applicable laws, and therefore any person subject to the laws of any country other than Italy or Hong Kong should independently obtain information about any restrictions under applicable laws and regulations and ensure compliance therewith. Failure to comply with these restrictions may constitute a violation of the applicable law of the country concerned. This notice has been prepared in accordance with the laws of Italy and Hong Kong and the information disclosed herein may be different from that which would have been disclosed if the notice had been prepared in accordance with the laws of countries other than Italy and Hong Kong. No copy of this communication will or may be mailed or otherwise transmitted or distributed in any country where the provisions of local law may give rise to civil, criminal or regulatory risks if information relating to this press release is transmitted or made available to the shareholders of the Company in that country or in any other country where such conduct would constitute a violation of the laws of that country and where any person receiving such materials (including as a depositary or trustee) is required not to send or otherwise transmit or distribute the same to or from such a country.
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SOURCE Ferretti International Holding SpA
