Koppies AG

The company's purpose is to acquire, hold, manage, operate, develop, and dispose of participations and real estate abroad. Furthermore, it provides services in the tourism sector and all related activities. The company may establish branches and subsidiaries in Switzerland and abroad and may participate in other companies in Switzerland and abroad as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, dispose of, and manage real property in Switzerland and abroad. It may also provide financing on its own account or on behalf of others as well as issue guarantees and sureties for subsidiaries and third parties.