The company's purpose (in strict compliance with the rules regarding the acquisition of real estate by foreign persons) is: a) the acquisition, administration and management of participations in all industrial, commercial, financial or other companies in Switzerland or abroad, in the sense of a holding company, b) as an ancillary activity, the company's purpose is to carry out all commercial and financial operations - whether movable or immovable - that are likely to promote or facilitate, directly or indirectly, the development of the company and the achievement of its corporate purpose, as well as to take participations in all Swiss or foreign companies pursuing identical or similar purposes. The company may conduct its activities both in Switzerland and abroad and establish branches. The company may grant loans or guarantees to its shareholders or third parties.