BELFI SA

in the sense of a holding company, acquisition, purchase, sale, administration and management of participations in all companies or enterprises, directly or indirectly, in Switzerland or abroad. The company may also provide marketing, management and administration consulting services to third-party companies or its subsidiaries. It may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad. The company may acquire, hold and dispose of real estate and, in general, carry out any activity directly or indirectly related to its purpose.