Tranchant SA

The company's purpose (in strict compliance with the rules governing the acquisition of real estate by foreigners) is: the acquisition, administration and management of participations in all real estate, industrial, commercial, financial or other companies, in Switzerland or abroad; as an accessory, the execution of all commercial and financial operations - whether movable or immovable - directly or indirectly related to the above-mentioned purpose(s), as well as the participation in all Swiss or foreign companies pursuing identical or similar purposes. The company may also grant loans and/or guarantees, in any form, to its shareholders or third parties. The company may exercise its activity both in Switzerland and abroad.