Creation, Development & Finance SA

The company's purpose is the purchase, construction, holding and sale of real estate in Switzerland. The company may carry out all commercial, financial, industrial and real estate transactions that are suitable to promote or facilitate, directly or indirectly, the development of the company and the achievement of its corporate purpose. The company may in particular take participations in similar companies and create subsidiaries and branches. The company may acquire and hold trademarks, patents and all other intellectual property rights related to its statutory purpose. The company may also grant loans or guarantees to shareholders or third parties, if this is in its interest.