The purpose of the company is to acquire, hold, manage and dispose of participations in companies in Switzerland and abroad. Furthermore, the company can acquire, manage, dispose of and exploit intellectual property rights. In addition, the company may engage in all commercial, financial and other activities that are determined and suitable to promote or facilitate the development of the company and the achievement of the company's purpose. 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 transactions that are directly or indirectly related to its purpose. The company may acquire, encumber, dispose of and manage real property in Switzerland and abroad. It may also provide financing for its own or third-party account and enter into guarantees and sureties for subsidiaries and third parties.