FIH's slate of board nominees comprises nine candidates, includes five women and four men, of whom four are independent non-executive directors. The slate has been formulated with due regard to diversity, independence, gender balance, professional qualifications and continuity. The nominees bring extensive experience across yachting, luxury goods, international operations, corporate governance, investment and M&A, and capital markets, with a view to maintaining continuity in the Company's existing management and business strategy while further enhancing the overall effectiveness of the Board.

Proxy Solicitation Materials

FIH has started today a proxy solicitation with regard to the forthcoming Annual General Meeting and established a dedicated website at https://www.ferrettifih.it The website will be launched later today and will provide shareholders with access to all materials relating to the forthcoming Annual General Meeting, including but not limited to:

• the slates of nominees for the Board of Directors, together with detailed biographical information on each nominee;
• proxy solicitation materials (including proxy solicitation notice, prospectus and proxy form).

FIH encourages all shareholders to review the above materials, actively participate in voting at the AGM or submit proxy votes, and join in supporting the long-term and sustainable development of Ferretti.

Outlook and Vision

Since first investing in Ferretti in 2012, FIH and its parent company, Weichai Group, have provided continuous industrial and capital support across different stages of the Company's development. Through multiple rounds of capital commitment and long-term strategic empowerment, they have helped the Company overcome challenges, restore steady operations, and achieve dual listings in Hong Kong and Milan, progressively enhancing its international profile and capital markets positioning. FIH will continue to act as a committed strategic investor, fulfil its responsibilities as controlling shareholder, and honour its long-term commitment to Italian craftsmanship excellence.

Looking ahead, FIH hopes that, through this board renewal, the Company's governance framework can be further strengthened and a more open and efficient decision-making process promoted. FIH places particular emphasis on enhancing communication with all shareholders and actively responding to market views, while supporting the Board in continuing to optimise the capital structure and dividend policy to deliver improved shareholder returns and a stronger capital markets profile.

On the strategic front, FIH will continue to honour its long-term commitment to the Company, supporting management in formulating a robust medium- to long-term strategic plan, focusing on sustainable growth and unlocking the Company's intrinsic potential. FIH will also encourage the Company to leverage its diversified industrial portfolio to strengthen resilience across cycles and against risk, and to steadily pursue business development and M&A opportunities conducive to long-term growth.

From an operational perspective, Ferretti has established a solid brand foundation and market position. FIH has full respect for the experience and professional expertise of the management team, and will support the Board and management in continuing to optimise resource allocation, drive internal and external resource integration, and enhance overall profitability and competitiveness.

In addition, FIH supports the Board and its relevant committees in continuing to refine management incentive mechanisms to further strengthen the stability and motivation of the core team, and in making ongoing improvements to employee welfare and career development, laying a solid foundation for the Company's sustained performance.

For enquiries, please contact:

Ferretti International Holding S.p.A. (FIH)
Email: info@ferrettifih.it 

Proxy Solicitation Agent
Sodali & Co
Email: assemblea.ferretti@investor.sodali.com
Tel: +39 0697629516 / +852 26524330

Note: In accordance with market practice, shareholders should direct enquiries regarding voting logistics and proxy submission procedures to the Proxy Solicitation Agent listed above. Enquiries regarding FIH's position or the contents of this news briefing should be directed to FIH.

This press release is for information purposes only and does not constitute an offer, invitation or recommendation to purchase or sell securities of Ferretti S.p.A. or any other company in any jurisdiction.

DISCLAIMER

The information provided in this press release does not constitute an offer to buy or a solicitation or an offer to subscribe or sell financial instruments.

This press release and its contents are not and are not intended to and shall not be deemed to constitute or contain or form part of an offer of financial instruments or invitation to engage in any investment activity or an offer or invitation to buy or sell any securities or financial instruments in any jurisdiction.

None of the information contained in this press release shall be considered as a forecast, projection or estimate of future economic and/or financial results of the Company.

The proxy solicitation to which this press release refers is being conducted in accordance with and subject to Italian and Hong Kong laws, and the listing rules of Euronext Milan and the Stock Exchange of Hong Kong.

The proxy solicitation and the materials contained in the dedicated website https://www.ferrettifih.it  do not constitute and may not be interpreted as an offer or an invitation to subscribe for or purchase securities. The securities referred to herein have not been and will not be registered in the United States pursuant to the United States Securities Act of 1933, as amended (the "Securities Act"), nor in Australia, Canada, Japan, or in any other country where the offering or solicitation is subject to authorization by local authorities or is otherwise prohibited by law (the "Excluded Countries"). The securities mentioned herein may not be offered or sold in the United States or to "U.S. Persons" (as defined under the Securities Act), unless they are registered under the Securities Act or an applicable exemption from the registration requirements under the Securities Act is available. Copies of these materials, or any portion thereof, are not and may not be sent, transmitted, or otherwise distributed, directly or indirectly, to the Excluded Countries.

Weichai Group / FIH's Commitment to Ferretti Group's Growth

Weichai Group has been a long-term strategic investor in Ferretti Group since 2012, when the Company was on the verge of insolvency with revenues of approximately €300 million and significant losses. Over the course of its shareholding, Weichai Group has made, in aggregate, approximately €470 million in investments in Ferretti Group, underpinning the Company's return to sustainable profitability and its standing as a leading player in the global luxury yacht industry. In 2025, Ferretti Group generated revenues of approximately €1.23 billion and a net profit of approximately €90 million, with a strong order backlog providing multi-year revenue visibility.

Weichai Group / FIH have at all times 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 listings on the Hong Kong Stock Exchange in 2022 and Euronext Milan in 2023, becoming the first Italian luxury yacht manufacturer listed on both markets. The Company has also continuously expanded its Italian manufacturing footprint, most recently through the acquisition and development of the San Vitale shipyard complex in Ravenna during 2023 and 2024, now the largest production facility within the Ferretti Group, with investment of approximately €140 million. The complex now spans approximately 100,000 square metres, increasing production capacity by approximately 30% and reinforcing its commitment to Italian craftsmanship and industrial heritage. The suggestion that Weichai Group / FIH has prevented or obstructed the Company from pursuing growth initiatives is factually incorrect and without foundation.

Ferretti Group's Governance

Ferretti Group is a company listed on both the Hong Kong Stock Exchange and Euronext Milan, subject to the governance frameworks and regulatory requirements of both markets. Strategic decisions of the Company are, and must be, made through its properly constituted board of directors and/or the CEO in accordance with applicable laws, listing rules and the Company's constitutional documents, having regard to the interests of all shareholders. The Company has adopted a corporate governance system in line with national and international best practices, inspired by the principles and recommendations of the Corporate Governance Code and Appendix C1 to the Listing Rules.

FIH, as a shareholder, exercises its rights through proper corporate governance channels. It does not act unilaterally to direct or constrain the Company's management, and any characterisation to the contrary misrepresents the governance structure of a publicly listed company.

Commentary During the Offer Period

FIH notes that certain recent media and analyst commentary has included observations on the likely outcome of the ongoing voluntary conditional partial offer by KKCG Maritime, on prospective shareholder voting intentions at the forthcoming annual general meeting, and on the anticipated strategic direction of the Company under a reconstituted board. FIH considers it necessary to note that such commentary, published during the offer period, raises serious questions as to the source and basis of the information relied upon, and whether the content of such commentary is appropriate in the context of a regulated offer process.

FIH reserves all rights in connection with the foregoing.

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This communication does not constitute, nor is it intended to constitute, an offer, invitation or solicitation to buy or otherwise acquire, subscribe, sell or otherwise dispose of financial instruments. The publication or dissemination of this communication in countries other than Italy and Hong Kong may be subject to restrictions under applicable law, 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 that they comply with them. Any failure to comply with such restrictions may constitute a violation of the applicable law of the relevant country. 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 had the notice been prepared in accordance with the laws of countries other than Italy and Hong Kong. No copy of this communication shall be, nor may be, sent by mail or otherwise transmitted or distributed in any or all countries where the provisions of local law may give rise to civil, criminal or regulatory risks if information concerning the present press release is transmitted or made available to shareholders of the Company in such country or any other country where such conduct would constitute a violation of the laws of such country and any person receiving such documents (including as custodian or trustee) is required not to mail or otherwise transmit or distribute the same to or from any such country.

In Singapore, a global maritime hub, Weichai is actively exploring the application of alternative fuels such as biofuels in the shipping industry. The transport vessel 'President 100,' powered by 100% biofuel (B100) with a core power system supplied by Weichai, has been officially launched. The vessel is equipped with two Weichai marine main engines and two generator sets, which significantly reduce emissions through optimized combustion efficiency, improving the ship's environmental performance and providing a replicable green pathway for the global shipping industry to achieve net-zero emissions.

In Central Asia, Uzbekistan is comprehensively promoting a green and low-carbon transition, making the development of clean energy public transport a key priority for national infrastructure upgrades. Weichai has precisely met Uzbekistan's green transport needs, with green buses equipped with WP7NG natural gas engines officially delivered to the Bukhara region, continuously injecting clean momentum into the local public transport system. With its high efficiency and low emissions, the engine meets local green travel demands and has gained widespread recognition from the local government and public.

As an international enterprise, Weichai practices the 'We are One' philosophy, continuously empowering the low-carbon transformation of overseas sectors such as transport and shipping with its leading technologies, and contributing its wisdom and strength to global sustainable development.

MILAN, Jan. 22, 2026 /PRNewswire/ -- Ferretti International Holding S.p.A. ("FIH"), as the controlling shareholder of Ferretti S.p.A. (the "Company"), notes the recent announcement regarding a voluntary conditional partial public tender offer launched by KKCG Maritime in respect of the shares of the Company. FIH hereby confirms that it does not accept, and has no intention to accept, such partial public tender offer.

FIH wishes to reaffirm its strong confidence in the Company's long-term strategy, industrial fundamentals and growth prospects. Since becoming the controlling shareholder, FIH has remained committed to supporting the sustainable development of the Company, ensuring continuity in its operations and governance, and enhancing long-term value for all shareholders.

FIH considers its investment in the Company to be of a long-term and strategic nature. In line with this approach, FIH has, from time to time, increased its shareholding in the Company. Subject to market conditions and in full compliance with applicable laws and regulatory requirements and relevant stock exchange rules in Italy and Hong Kong SAR, FIH may continue to consider further increases in its shareholding in the Company.

In its capacity as controlling shareholder, FIH intends to continue exercising its voting rights with a view to maintaining stability and continuity in the Company's governance framework. In particular, based on the attendance recorded at the past shareholders' meetings, FIH has continuously declared to exercise control of the Company pursuant to article 93 of the CFA and intends to nominate the majority of the directors of the Company; FIH expects to seek to maintain effective control of the Company and appoint the majority of the board of directors at the next annual general meeting of the Company, in order to support the consistent execution of the Company's long-term strategy.

This press release is made solely by FIH in its capacity as controlling shareholder of the Company. It does not constitute, and should not be construed as, an offer or invitation to acquire, purchase or subscribe for any securities of the Company, nor does it represent the views of the Company or its board of directors. FIH has no present intention, nor has it considered, to make a public offer for the shares of the Company.

Any actions taken by FIH will be conducted in accordance with applicable laws, regulatory requirements and relevant stock exchange rules in Italy and Hong Kong SAR.

By order of the board of

Ferretti International Holding S.p.A.

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This communication does not constitute, nor is it intended to constitute, an offer, invitation or solicitation to buy or otherwise acquire, subscribe, sell or otherwise dispose of financial instruments. The publication or dissemination of this communication in countries other than Italy and Hong Kong SAR may be subject to restrictions under applicable law, and therefore any person subject to the laws of any country other than Italy or Hong Kong SAR should independently obtain information about any restrictions under applicable laws and regulations and ensure that they comply with them. Any failure to comply with such restrictions may constitute a violation of the applicable law of the relevant country. This notice has been prepared in accordance with the laws of Italy and Hong Kong SAR and the information disclosed herein may be different from that which would have been disclosed had the notice been prepared in accordance with the laws of countries other than Italy and Hong Kong SAR. No copy of this communication shall be, nor may be, sent by mail or otherwise transmitted or distributed in any or all countries where the provisions of local law may give rise to civil, criminal or regulatory risks if information concerning the present press release is transmitted or made available to shareholders of the Company in such country or any other country where such conduct would constitute a violation of the laws of such country and any person receiving such documents (including as custodian, trustee or trustee) is required not to mail or otherwise transmit or distribute the same to or from any such country.