Valsa AG

The company's purpose is to acquire, sell and permanently manage corporate participations in Switzerland and abroad, as well as to provide financing of all kinds and to hold its own assets. Furthermore, the company provides advisory and mediating services in relation to private, commercial and generally economically promoting measures. The company may establish branches and subsidiaries 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. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.