Jorace SA

The acquisition and administration of participations in all companies, with the specification that participations in real estate companies in Switzerland will be limited to real estate companies whose properties are exclusively used for commercial purposes, as well as the realization of all investments both in Switzerland and abroad. The company may also, in Switzerland and abroad, establish branches or subsidiaries, grant loans or guarantees to its shareholders, other group companies or third parties, and hold funds for the granting of such loans and guarantees. In general, the company may carry out all commercial, financial, securities or real estate transactions that are directly or indirectly related to its corporate purpose.