True International GmbH

The company's purpose is to trade, sell and distribute commercial and household appliances, primarily in the field of refrigeration technology, as well as provide instruction and training for such appliances. The company may grant loans and other forms of financing, including participations in cash-pooling transactions, to other group companies and provide securities of any kind for the direct or indirect benefit of group companies or third parties, in particular in the form of guarantees, pledges or security assignments on the company's assets. The company may also carry out all commercial and financial transactions and make all transactions that serve its purpose or are directly or indirectly related to its purpose. The company may establish branches and subsidiaries in Switzerland and abroad, acquire, hold, manage and sell participations in Swiss and foreign companies of all kinds, as well as acquire, hold, manage and sell real estate, provided that the company may only hold real estate shares for commercial purposes in Switzerland.