HW INVEST SA

The company's purpose is to acquire and manage participations in all financial, commercial, industrial, movable or immovable enterprises, both in Switzerland and abroad, and in general, to carry out all operations and assume all functions, both on its own account and on behalf of third parties, which have a direct or indirect connection with its purpose. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad with identical or similar purposes, acquire or finance such companies, carry out all operations and conclude all contracts suitable for developing its purpose or related thereto directly or indirectly. It may acquire, operate and dispose of real estate. The company may grant loans to its shareholders.