The company's purpose is all operations related to the manufacture of watch components. The company may carry out all commercial, financial, movable and immovable transactions in direct or indirect connection with the company's purpose, except for operations prohibited by the LFAIE. Furthermore, it may create branches or subsidiaries in Switzerland and abroad, participate in all companies having a direct or indirect connection with its purpose, grant loans or guarantees to associates or third parties, if this serves its interests.