VD Beteiligungs AG

The company's purpose is to hold and manage participations in other companies and other rights. The company may also conduct all business that is suitable to promote or facilitate the development of the company and the achievement of its business purpose. It may also acquire and grant patents and licenses. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as 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 provide guarantees and sureties for subsidiaries and third parties.