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Ferretti Group Board/Management Information 2025
6296_rns_2025-08-29_fec039e6-30d3-49ed-ad5c-119d8e65c8c1.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.
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, August 29, 2025
As at the date of this announcement, the Board comprises Mr. Alberto Galassi and Mr. Tan Ning as executive Directors; Mr. Hao Qinggui, Mr. Piero Ferrari, Ms. Jiang Lan (Lansi) and Mr. Jin Zhao as non-executive Directors; and Mr. Stefano Domenicali, Mr. Patrick Sun and Ms. Zhu Yi as independent non-executive Directors.
FERRETTIGROUP
APPROVAL OF THE CO-OPTATION OF DIRECTOR JIN ZHAO, THE APPOINTMENT OF THE NEW CHAIRMAN OF THE BOARD OF DIRECTORS AND THE NEW COMPOSITION OF THE BOARD COMMITTEES
Forli, 29 August 2025 - The Board of Directors of Ferretti S.p.A. (the “Company”) has approved the co-optation of director Jin Zhao, the appointment of the new Chairman of the Board of Directors and the new composition of the Board committees.
Resignation of director Jiang Kui and co-optation of director Jin Zhao
Following the resignation of the director Jiang Kui (Chairman of the Board of Directors, non-independent, non-executive), due to age reasons, with effect from today’s date, the Board of Directors has appointed by co-optation pursuant to article 2386 of the Italian Civil Code. Jin Zhao, non-executive director, non-independent. The relevant curriculum vitae is available on the website internet of the Company (www.ferrettigroup.com) “Investor Relations - Governance - Corporate Bodies” section.
The Board of Directors, on the basis of the declarations made and the information available to the Company, has ascertained the existence of the integrity requirements referred to in Article 147-quinquies of the TUF for Jin Zhao and that none of the causes of ineligibility provided for by law exist against him.
The newly-appointed director Jin Zhao – who will remain in office until the next Shareholders’ Meeting – is granted the same compensation due to each director, in addition to the reimbursement of expenses incurred due to the exercise of the office.
Jin Zhao stated that, as of today, he does not hold any stake in the Company and the Group, including under Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as does the outgoing director Jiang Kui.
Appointment of the new Chairman of the Board of Directors
As the resigning director Jiang Kui also held the position of Chairman of the Board of Directors, the Board of Directors today appointed a new Chairman of the Board of Directors in the person of Hao Qinggui, the current non-executive, non-independent director, for the entire term of office and, therefore, until the approval of the Company’s financial statements as of December 31, 2025.
WALLY
FERRETTIYACHTS
PERSHING
ITAMA
RIVA
CRN
CUSTOM LINE
FERRETTIGROUP
Upon his appointment as Chairman of the Board of Directors, Hao Qinggui has resigned from his role as General Counsel & Secretary of the Board of Directors. The role has been taken by Xiaomei (May) Zhang.
New composition of the Board Committees
Taking into account that Jiang Kui was also a member and Chairman of the Nomination Committee, the Strategic Committee and the Sustainability Committee, the Board of Directors reviewed the composition of the committees as follows:
Nomination Committee: Hao Qinggui (Chairman, non-executive, non-independent), Alberto Galassi (executive), Patrick Sun (independent), Stefano Domenicali (independent) and Zhu Yi (independent).
Remuneration Committee: Stefano Domenicali (Chairman, independent), Piero Ferrari (non-executive, non-independent), Tan Ning (executive), Zhu Yi (independent) and Patrick Sun (independent). In this regard, the Board of Directors has ascertained that Patrick Sun possesses the requisites of knowledge and competence in accounting and financial matters and remuneration policies.
Audit Committee: Patrick Sun (Chairman, independent), Stefano Domenicali (independent), Jiang Lan (non-executive, non-independent) and Zhu Yi (independent). In this regard, the Board of Directors has ascertained that Patrick Sun has adequate experience in accounting and financial matters or risk management.
Sustainability Committee: Hao Qinggui (Chairman, non-executive, non-independent), Alberto Galassi (executive), Tan Ning (executive), Piero Ferrari (non-executive, non-independent), Jin Zhao (non-executive, non-independent), Jiang Lan (non-executive, non-independent) and Zhu Yi (independent). In this regard, the Board of Directors has ascertained that Hao Qinggui has adequate knowledge, skills and experience on social and environmental sustainability issues.
Strategic Committee: Hao Qinggui (Chairman, non-executive, non-independent), Alberto Galassi (executive), Tan Ning (executive), Piero Ferrari (non-executive, non-independent), Jin Zhao (non-executive, non-independent) and Patrick Sun (independent).
WALLY
FERRETTIYACHTS
PERSHING
ITAMA
RIVA
CRN
CUSTOM LINE
FERRETTIGROUP
Ferretti Group
With a legacy rooted in Italy’s centuries-old nautical tradition, Ferretti Group is a global leader in the design, construction, and sale of luxury yachts ranging from 8 to 95 meters in length. The Group boasts a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line, and Wally.
Led by CEO Alberto Galassi, Ferretti Group owns and operates seven shipyards across Italy, where efficient industrial production meets the finest Italian craftsmanship. With a direct presence in Europe, the United States, and Asia, and a carefully selected network of dealers, the Group reaches clients in over 70 countries worldwide.
The yachts crafted by Ferretti Group’s brands, the ultimate expression of Italian creativity and elegance, stand out for their exceptional build quality, cutting-edge technology, industry-leading safety standards, outstanding performance at sea, and timeless allure.
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
Federico Vercellino
Mob: +39 331.5745171
Virginia Bertè
Mob: +39 342.9787585
WALLY
FERRETTYACHTS
PERSHING
Itama
Riva
CRN
CUSTOM LINE