CHAMPEL 51-53 SA

The purchase, sale, holding, renovation, and development of all real estate assets. The company may engage in all financial, commercial, industrial, movable, and immovable operations, either for its own account or for the account of third parties, directly or indirectly related to its purpose, in any form whatsoever. The company may open branches, create subsidiaries, found or acquire any enterprise pursuing a similar or complementary purpose. The company may grant loans or any guarantees, either to its shareholders or to third parties, on a paid or unpaid basis.