The company's purpose is to hold and manage participations of the Miele Group, as well as to finance and make investments in Switzerland and abroad. It can acquire or establish companies and enter into all transactions and conclude contracts that are suitable to promote the purpose of the Miele Group or are directly or indirectly related to it. For the purpose of financing and effective liquidity management of the Miele Group, the company can operate as a participant or master cash pooling. The company can grant direct or indirect financing to companies of the Miele Group, including their direct or indirect shareholders and their direct or indirect subsidiaries, and provide securities and guarantees of all kinds for liabilities of such other companies, whether against payment or not. The company can also buy, sell and manage real estate. The company can establish branches in Switzerland and abroad. The Board of Directors is authorized to establish branches.