Parfin-Partecipazioni Finanziarie SA

The purchase and sale of securities, participation in financial, industrial, commercial, real estate companies, the purchase and sale of land and buildings, as well as the construction, rental and administration of real estate of all kinds in Switzerland or abroad, and the acceptance of fiduciary mandates; the company may establish branches in Switzerland and abroad, participate in other Swiss and foreign companies, acquire or establish companies of the same kind, as well as conclude all transactions and contracts that are suitable to promote the purpose of the company and that are in any case in a direct or indirect relationship with the achievement of this purpose.