FERRETTI (09638) announced that Mr. Jiang Kui has tendered his resignation as non-executive director due to age-related reasons and will no longer serve as Chairman of the Board, as well as cease to be a member and chairman of the Board Nomination Committee, Board Strategy Committee, and Board Environmental, Social and Governance Committee, effective from August 29, 2025. Mr. Hao Qinggui, a non-executive director, has been appointed as Chairman, effective from August 29, 2025. Mr. Jin Zhao has been appointed as non-executive director, effective from August 29, 2025.