The purpose of the company is the manufacture, purchase, sale and trade of watch and jewelry components of all kinds, as well as the operation of import and export businesses of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, merge with such companies or acquire related companies, and conclude all transactions that are suitable to promote the purpose of the company or are directly or indirectly related to it. The company may also buy, manage and sell real estate.