TSE Group AG

The company's purpose is to purchase, renovate and sell properties, land and apartments (including their rental) in the short term, as well as to manage and develop construction projects. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. The company may grant loans or other financing to its direct or indirect shareholders and their direct or indirect subsidiaries, as well as to related parties, and provide security of any kind for the obligations of such persons, including by way of pledges or fiduciary transfers of the company's assets or guarantees of any kind.