PANSCHI SA

The acquisition, trade, management, and interior design of real estate properties (excluding activities prohibited by the LFAIE), as well as any related activities. It may also, either for its own account or for the account of third parties, carry out all financial, commercial, movable, or immovable operations directly or indirectly related to its corporate purpose and participate, in any form, in all similar enterprises, notably by taking stakes in similar enterprises. The company may also establish branches and subsidiaries in Switzerland and abroad. The company may grant guarantees, grant loans or advances to shareholders or to third parties.