Vavial SA

The company's purpose is to acquire, sell and manage participations in companies in Switzerland and abroad, as well as to provide services of all kinds in these areas; the acquisition of real estate, whether direct or indirect, is limited to properties with exclusively commercial use. The company may: engage in any financial, commercial or industrial activity, whether movable or immovable, directly or indirectly related to its purpose; establish branches or subsidiaries in Switzerland and abroad; participate in any enterprise having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.