Opalau SA

The company's purpose is to engage in all activities in the real estate sector, in particular construction and development, brokerage, sale, acquisition, operation and management of hotels, apartment hotels and housing, all real estate transactions in the broadest sense, and all commercial transactions, both movable and immovable. The company also has the purpose of carrying out all activities related to the operation of an agricultural business. The company may carry out any financial, commercial or industrial activity directly or indirectly related to its purpose; establish branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.