9:00 am on June 27 Ferretti Group, a member of Weichai Group, was officially listed on the Euronext Milan Stock Exchange. Became the first company in the world to achieve dual listing in Italy and Hong Kong. The event was broadcast live simultaneously with Weichai Group at its headquarters in Weifang, Shandong, China.

The Ferretti Group, the "Rolls-Royce" of the yacht industry, is one of the oldest Italian superyacht manufacturers founded in 1968, On 31 March 2022 the Ferretti Group was listed listed on the Hong Kong Stock Exchange. It then relies on businesses that are constantly evolving and aimed at meeting the liquidity needs of global investors. October 2022 Ferretti officially begins preparations for the listing in Milan.Through a dual listing, the Ferretti Group is able to further expand the liquidity of capital markets, expand investors in markets and attract potential investors around the world. The listing in Milan gained investor support and the ticker was eventually issued at a price of 3 euros a share, raising about 292 million euros.

World-renowned investment banks Goldman Sachs, JPMorgan Chase and UniCredit Bank AG Milan Branch act as joint global coordinator and co-manager of the books, Equita SIM S.p.A. and Joh. Berenberg, Gossler & Co. Jin Company plays the role of financial advisor, which fully demonstrates the trust and confidence of international investment organizations in Ferretti and Weichai Group.

The "Rolls-Royce" of the yacht industry, leading the world

In 2008, the financial crisis swept the world and the world's largest superyacht manufacturer, the Italian Ferretti Group, fell into financial trouble. In 2012, Weichai carried out a strategic reorganization to provide Ferretti with additional resources and with strong financial backing, global integration experience, superior manufacturing capabilities and layout rich location of the entire industrial chain. After ten years of hard work, with the joint efforts of both sides, the revenue of the Ferretti Group has increased from 300 million euros in 2012 to 1.07 billion euros in 2022 and leads the global yachting industry. bridge. The Weichai Group and the Ferretti Group have jointly created a successful win-win cooperation model between Chinese and Italian companies. In March 2019, in the presence of the then president and prime minister of Italy, Tan Xuguang, chairman of the Weichai Group, was awarded the highest award in the field of industry and commerce in Italy - Leonardo International Prize, in recognition of his strategy. restructuring Italy's Ferretti The Group has made outstanding contributions to the economic exchange between China and Italy. On March 31, 2022, Ferretti's superyacht docked in the Hong Kong capital market, opening a new channel to China and the Asia-Pacific market. In the first quarter of this year, Ferretti achieved order sales of 307.5 million euros and net profit of 18.6 million euros, up 42 percent year-on-year..

TTan Xuguang, Chairman of Weichai Group, said that Weichai Group, as one of the world's leading companies in all lines and all engine sectors, has prepared a full range of products. propulsion system for high-speed yachts, which will be used for application in the various Ferretti yacht brands. Delivering higher value returns to investors in industrial synergy.

Ferretti Group CEO said all investors mocked Ferretti in 2012. At the time, Ferretti's business model was completely different from today. Mr. Tan Xuguang, from Shandong, China, saw an opportunity that Italian investors did not see and immediately seized. We are able to achieve this today thanks to the visionary strategy of President Tan Xuguang.

Italian Tourism Minister Daniela Santanche said today's listing of the Ferretti Group in Milan is an important day for Italy, and it is a day that Italians are very proud of. I would like to thank President Tan Xuguang. The Ferretti Group is Italy's ambassador to the world, with classic and timeless brands that tell the history of Italy and embody Italian energy and wisdom.

Claudia Pazani, president of Euronext Milan, says he is delighted to see Ferretti return to its homeland after being listed in Hong Kong for over a year, making Ferretti's Made in Italy attributes and heritage The brand's history becomes bolder. Ferretti owns many brands, all of which are symbols of luxury, high-class lifestyle and the pride of the Italian people