Milestone | Ferretti Group, World Leader in Superyachts, Officially Landed on the Hong Kong Stock Exchange

　　At 9:30 am on March 31, 2022, the Hong Kong listing ceremony of Ferretti Group was held in Jinan, Shandong, the Hong Kong Stock Exchange, and Sarnico, Italy via video. Ling Wen, Vice Governor of Shandong Province, Tan Xuguang, Chairman of Ferretti Group, and Huang Zhaohui, CEO of China International Capital Corporation, jointly sounded the gong to open the market, opening a new chapter for Ferretti to surf the international capital market and develop globally.

　　Ferretti Group is a recognized leader in the global superyacht industry. The listing of Ferretti on the Hong Kong Stock Exchange is a first in the yacht industry in Hong Kong. It is also the only Italian company listed on the Hong Kong stock market in the past ten years. The public offering was priced at HK$22.88 and aimed to raise US$281 million. Among them, 6 of the top ten institutional investors are from Europe and the Middle East. The overall placement of investors from Europe and the Middle East exceeds 60%, and sovereign funds and long-term funds account for more than 65%. The confidence in Weichai Group made this listing one of the most internationally structured and with the highest placement quality in history of Hong Kong stock IPO projects.

　　Tan Xuguang said that as the oldest Italian superyacht brand, Ferretti occupies an important position in leading the development of the global industry. Weichai has always been the firmest strategic partner of Ferretti, and together they will jointly seize the strategic opportunities in the global yacht market, especially the Asia-Pacific market, to promote the development of China's marine economy and consumption upgrades, and allow Ferretti to sail towards a better future.

　　On behalf of the Shandong Provincial Government, Ling Wen congratulated Ferretti on the successful listing. He sincerely hopes that Ferretti would take this listing as an opportunity to make full use of the advantages of Hong Kong's capital platform and continue to maintain its leading technological innovation, value creation, and brand service. He also hopes that the strategic cooperation between Weichai Group and Ferretti will become stronger over time and play a greater role in economic development and consumption upgrading.

　　Today, the "Rolls-Royce" of the yachting industry has been given the capital mission of "9638.HK" and set sail again with glory, which has attracted widespread attention from all walks of life around the world. Ferretti management team, representatives of global guests and well-known media at home and abroad have witnessed this historic moment together through online live broadcast.