Auriel Investment SA

The Company's purpose is the trade, production management, import, logistics and export at an international level of fashion products of all kinds, the provision of services exercised in favor of affiliated and/or third-party companies; the ownership, management, economic and commercial exploitation as well as the registration and protection of trademarks, models and patents in the fashion sector, the acquisition and occasional trade or provision of services connected with the purpose of investing in goods that include high-quality jewelry, precious and semi-precious stones, works of art, luxury goods, ornaments and gift items and all related goods. The Company may establish branches and subsidiaries in Switzerland and abroad, hold participations in other companies, represent third parties, as well as carry out any commercial activity and conclude any type of agreement that may be suitable to promote the purpose of the Company, or that are directly or indirectly related to it. It may also arrange financing on its own account or on behalf of third parties and grant guarantees and sureties for controlled companies or third parties. The Company may acquire, hold, administer, encumber, sell real estate in Switzerland and abroad. Transactions prohibited by the Federal Law on the Acquisition of Real Estate by Foreigners (LAFE) are excluded. The Company is part of a group and, in pursuing its corporate purpose, may take into account the interests of the group. The Company may, in particular, grant loans or other direct or indirect financing, including those within the framework of cash pooling agreements (including zero balancing), to directly or indirectly controlled companies and third parties, including its direct or indirect shareholders and companies directly or indirectly controlled by them; to guarantee the obligations contracted by them, the Company may grant guarantees or sureties of any kind, including pledges on the Company's assets or fiduciary assignments of the same. All this may also occur without consideration, on preferential terms, without interest, by waiving the Company's profit-making purpose and/or assuming significant risks (cluster risks).