The purchase, holding and sale of securities for its own account and in its own name. The Company does not engage in any activity subject to the Federal Act on the Federal Financial Market Supervisory Authority of June 22, 2007 (FINMA). The Company does not acquire real estate in Switzerland, directly or indirectly, which would be subject to the Federal Act on the Acquisition of Real Estate by Foreigners. It may perform any act and exercise any activity that is directly or indirectly related to its purpose. It may establish branches and subsidiaries in Switzerland and abroad and may hold interests in other companies, provided that the company may hold an interest in a real estate company in Switzerland if (i) the shares of the latter are listed on a stock exchange in Switzerland or if (ii) the real estate company has the purpose of acquiring real estate for exclusively commercial use. It may grant loans or any other form of financing to affiliated companies or third parties, as well as provide any type of security, for the direct or indirect benefit of affiliated companies or third parties.
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