Stem AG

The management of its own assets, in particular their management from an organizational, corporate, financial and tax point of view. It also aims to acquire and administer participations, as well as finance them, both on its own account and on a fiduciary basis. The company may, directly or indirectly, acquire interests and/or participations in other companies or enterprises, both in Switzerland and abroad, and may open branches, both in Switzerland and abroad. The company may acquire real estate in Switzerland and abroad. The company may perform all acts necessary or merely useful for achieving its corporate purpose.