KER YAN SA

The company's purpose is the purchase, sale, leasing, and operation of all real estate, as well as real estate development. The company may also grant and/or guarantee advances to its shareholders or to third parties. It may carry out, either for its own account or for the account of third parties, all financial, commercial, movable, or immovable operations directly or indirectly related to its corporate purpose and may have an interest, in any form, in any enterprises having a direct or indirect relationship with its purpose. The company may also establish branches and subsidiaries in Switzerland and abroad.