The purpose of the company is the development, design, manufacture, and distribution of watches, time measurement, and precision instruments as well as related products. It can engage in the trade of corresponding goods and provide related services. The company can establish branches and subsidiaries domestically and abroad and participate in other companies domestically and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company can acquire, encumber, dispose of, and manage real estate domestically and abroad. It can also arrange financing for its own account or for the account of others, as well as provide guarantees and sureties for subsidiaries and third parties.