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Ferretti Group Board/Management Information 2024

Sep 4, 2024

6296_rns_2024-09-03_509fcd9b-a957-4542-a2bc-4da24c0ac7f8.pdf

Board/Management Information

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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FERRETTIGROUP

Ferretti S.p.A.

(Incorporated under the laws of Italy as a joint-stock company with limited liability)

(Stock Code: 09638)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made by Ferretti S.p.A. (the "Company") pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The following document of the Company was published on the website of eMarket SDIR in Italy in accordance with and in the manners set forth in the Consob Issuer's Regulation and in compliance with the provisions of the Instructions accompanying the Rules of the Markets organised and managed by Borsa Italiana S.p.A..

The posting of the document on the website of The Stock Exchange of Hong Kong Limited is only for the purpose of facilitating equal dissemination of information to investors in Hong Kong and compliance with Rule 13.10B of the Listing Rules, and not for any other purposes.

By order of the Board

Ferretti S.p.A.

Mr. Alberto Galassi

Executive Director and Chief Executive Officer

Hong Kong, September 3, 2024

As at the date of this announcement, the Board comprises Mr. Alberto Galassi and Mr. Xu Xinyu as executive Directors; Mr. Jiang Kui, Mr. Piero Ferrari, Ms. Jiang Lan (Lansi) and Mr. Zhang Quan as non-executive Directors; and Mr. Stefano Domenicali, Mr. Patrick Sun and Ms. Zhu Yi as independent non-executive Directors.


FERRETTIGROUP

FERRETTI GROUP ANNOUNCES THE DEPARTURE OF CHIEF COMMERCIAL OFFICER STEFANO DE VIVO

Forlì, September 3, 2024 - Ferretti Group announces that, after more than 10 years, Ing. Stefano de Vivo decided to leave his position as Chief Commercial Officer of Ferretti Group and Managing Director of Wally.

During the period that de Vivo held these positions, the Group's revenues have more than quadrupled.

TRANSITION AND FUTURE PLANS

Ing. de Vivo has chosen to devote himself fully to his Family Office by assuming the role of CEO, starting from 1 November 2024, thus remaining involved in Ferretti Group through a technical consultancy for the development of the Wally Sail business.

SUCCESSION PLANNING

The Group will implement the existing succession plan and Ing. de Vivo is working closely with the CEO and Chief HR Officer to facilitate this transition.

“At my side for over a decade as Chief Commercial Officer of Ferretti Group and Managing Director of Wally, Stefano thanks to his professionalism, dedication and expertise contributed to the achievement of the important goals that the Company has reached in recent years.

De Vivo decided to leave to pursue other endeavours. On behalf of everyone at Ferretti, I thank him for his efforts, particularly in product development and sales, which have left our Group in excellent shape with a bright future ahead.

Looking ahead, Ferretti Group, along with its organization, new products range already defined for the coming years and highly capable management team, is ready to continue with the growth path already undertaken.” said Alberto Galassi, CEO of Ferretti Group.

WALLY

FERRETTIACHTS

PERSHING

ITALIA

RIVA

CRN

CUSTOM LINE


FERRETTIGROUP

Ferretti Group

Thanks to Italy’s centuries-old yachting tradition, the Ferretti Group is a world leader in the design, construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally. Led by Chief Executive Officer Alberto Galassi, the Ferretti Group owns and manages seven shipyards located across Italy, which combine the efficiency of industrial production with typical world-class Italian craftsmanship, reaching customers in more than 70 countries across the world thanks to a direct presence in Europe, the United States of America and Asia and its network of approximately 60 carefully selected dealers. The Ferretti Group motor yachts, utmost expression of Made in Italy elegance and creative genius, have always stood out for their exceptional quality, cutting-edge technology, record safety and optimum performance in the sea, as well as their exclusive design and timeless appeal.

For more information: www.ferrettigroup.com

Investor Relations

Head of Investor Relations

Margherita Sacerdoti

Email: [email protected]

T.+39 02 83994 000

Email: [email protected]

Ferretti Group

Head of Media Relations

Giovanni Bogetto

Email: [email protected]

T.+39 02 83994 000

Barabino & Partners

Barabino & Partners

Federico Vercellino

[email protected]

Mob: +39 331.5745171

Virginia Bertè

[email protected]

Mob: +39 342.9787585

WALLY

FERRETTYACHTS

PERSHING

Itama

Riva

CRN

CUSTOM LINE