Lachender Elefant GmbH

The company's purpose is to acquire, hold and sell participations in companies of any kind in Switzerland and abroad; trading in real estate, in particular the acquisition, sale, brokerage and management of real estate; operating restaurants, hotels and catering companies, providing gastronomic services of all kinds (such as catering) and wine trading. 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. It may also provide financing for its own account or for the account of third parties and grant securities for liabilities of affiliated companies.