Summit Hotel & Residences AG

The company's purpose is to acquire, develop, sell, manage, rent and lease properties of all kinds. The company may also conduct any business that is suitable to promote or facilitate the development of the company and the achievement of its purpose, in particular by establishing branches in Switzerland and abroad and participating in other companies of a similar nature in Switzerland and abroad. The company may also participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies, or by providing guarantees or other securities of any kind for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and are granted free of charge.