Cemax Immo Valais SA

Purchase, sale and rental of real estate, construction of real estate, participation in real estate companies, administration and management of real estate, real estate promotion, development of land, all activities related thereto, in compliance with the rules of the BewG. It may conduct all business related to this activity, as well as all business that is suitable to promote the purpose and interest of the company. It may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with similar goals, merge with such companies and conclude all contracts that are suitable to develop or achieve its purpose, or that are directly or indirectly related thereto. It may grant or receive loans from/to its shareholders as well as to/from all companies of the same group.