The company's purpose is the manufacture of and trade in watches, watch components and similar products. The company may conduct all business and take measures that are suitable for promoting the company's purpose directly or indirectly, such as acquiring, managing, utilizing, encumbering and disposing of enterprises of all kinds, real estate and intangible property rights, both domestically and abroad, establishing branches and agencies, granting loans, managing capital and providing guarantees in favor of affiliated companies. The company may grant direct or indirect financing to third parties or companies in which it is directly or indirectly involved, as well as to direct or indirect shareholders or companies in which they are directly or indirectly involved, either through loans and/or other financing, with or without compensation. The company may provide securities of any kind for its own obligations or the obligations of the aforementioned persons, including through pledges, assignments, fiduciary transfers, guarantees of any kind or through compensation obligations, with or without compensation, even if such financing, securities or guarantees are exclusively in the interest of third parties or companies in which it is directly or indirectly involved, or of direct or indirect shareholders or companies in which they are directly or indirectly involved.
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