SAV Service Abwicklung Vertriebs- AG

The company's purpose is to manage and operate hotel companies and bed and breakfast establishments with restaurants, bars and kiosks, to exercise management mandates and provide consulting services, to import and trade in goods of all kinds and to commercialize them in retail and wholesale trade, as well as to acquire and dispose of real estate. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. Furthermore, it may acquire, manage and sell securities, take out and grant loans. The company may also provide financing for its own account or for the account of third parties, enter into guarantees and sureties for subsidiaries and third parties, as well as acquire, hold, exploit and sell patents, trademarks and other intellectual property rights or licenses.