PAYVANDOL SA

The company's purpose is: the management of shops, public establishments, hotels and hotels, as well as providing services in the para-hotel sector; the purchase of inventories and infrastructure related to its activity; the acquisition of representations and exclusives in the gastronomic and tourist sector in general. The company may carry out all commercial, financial or other activities that are directly or indirectly related to the company's purpose. The company may acquire and sell real estate and participations in Switzerland and abroad. The company may establish branches and/or subsidiaries in Switzerland and abroad.