The company's purpose, in the sense of a holding company, is to invest, acquire, hold, sell and manage participations in Swiss or foreign companies. The company may carry out all operations directly or indirectly related to this purpose and take a direct or indirect interest in them. It may also, on its own account or on behalf of third parties, carry out all financial, commercial and securities transactions, directly or indirectly related to its purpose or likely to promote it. The Company may also grant loans or other financial services to its direct or indirect shareholders, its direct or indirect subsidiaries and third parties, and provide guarantees of any kind on its assets, including by way of pledge or transfer by way of fiduciary transfer or by way of guarantees of any kind, to secure the obligations of its direct or indirect shareholders, its direct or indirect subsidiaries or third parties. The company may create subsidiaries and branches in Switzerland and abroad. The company may also make all investments, movable or immovable, on its own account.