FAIR TRADE S.A., Luxembourg, succursale de Gstaad

The branch aims to promote the management and operation of hotels, apartment hotels and restaurants, and the provision of related services, the acquisition, development, management and sale of land. At the national level, the management and operation of hotels, apartment hotels and restaurants, and the provision of related services, insofar as ownership is limited to commercial premises; the acquisition, development, management and sale of commercial premises. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, create or merge with similar or related companies. It may conclude all transactions and conclude all contracts that are suitable to promote the company's purpose or relate directly or indirectly to it.