All activities in the fields of industry and watchmaking, in particular watchmaking subcontracting, micromechanics; trading, manufacturing, purchasing and selling related thereto; as well as business consulting. The company may create subsidiaries in Switzerland and abroad, and branches, and hold participations in all companies or commercial and civil societies, in Switzerland and abroad. The company may acquire, hold and dispose of commercial properties, exclusively for commercial use if they are located in Switzerland, and intellectual property rights. The company may carry out all commercial, financial or other operations that are directly or indirectly related to its purpose. The company may grant loans or guarantees to its associates and to the companies in which it participates and act as guarantor for them.