<SEC-DOCUMENT>0001104659-22-005934.txt : 20220120
<SEC-HEADER>0001104659-22-005934.hdr.sgml : 20220120
<ACCEPTANCE-DATETIME>20220120161217
ACCESSION NUMBER:		0001104659-22-005934
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20220117
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20220120
DATE AS OF CHANGE:		20220120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chubb Ltd
		CENTRAL INDEX KEY:			0000896159
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11778
		FILM NUMBER:		22542431

	BUSINESS ADDRESS:	
		STREET 1:		BARENGASSE 32
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001
		BUSINESS PHONE:		41 0 43 456 7600

	MAIL ADDRESS:	
		STREET 1:		BARENGASSE 32
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHUBB Ltd
		DATE OF NAME CHANGE:	20160115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE Ltd
		DATE OF NAME CHANGE:	20091216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE LTD
		DATE OF NAME CHANGE:	19930122
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm223911d1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:us-roles="http://fasb.org/us-roles/2021-01-31" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:country="http://xbrl.sec.gov/country/2021" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:CB="http://investors.chubb.com/20220117">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02A_US%2DGAAP%2D2021 -->
<!-- Field: Set; Name: xdx; ID: xdx_039_CB_investors.chubb.com_20220117 -->
<!-- Field: Set; Name: xdx; ID: xdx_040_20220117_20220117 -->
<!-- Field: Set; Name: xdx; ID: xdx_056_edei%2D%2DEntityCentralIndexKey_0000896159 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_051_edei%2D%2DCurrentFiscalYearEndDate_%2D%2DLS0xMi0zMQ== -->
<!-- Field: Set; Name: xdx; ID: xdx_072_SO_T%2D%2D\DeptFiles%2DiXBRL 8%2DK Covers Templates\+++%2DROOT%2DElement%2D+++\DocumentInformationLineItems.xdxs -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:EntityCentralIndexKey">0000896159</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:booleanfalse" name="dei:AmendmentFlag">false</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:CurrentFiscalYearEndDate">--12-31</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2022-01-17to2022-01-17" id="xdx2ixbrl0013" name="dei:EntityRegistrantName"><b>CHUBB LIMITED</b></ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="cb-20220117.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="From2022-01-17to2022-01-17">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_us-gaap_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueDecember2024Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueJune2027Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueMarch2028Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueDecember2029Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueJune2031Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000896159</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueMarch2038Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-01-17</xbrli:startDate>
        <xbrli:endDate>2022-01-17</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<!-- Field: Rule-Page --><div style="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">&#160;</span></p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">UNITED
STATES</span></p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">&#160;</span></p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">SECURITIES
AND EXCHANGE COMMISSION</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">Washington,
D.C. 20549</span> </p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>FORM <span id="xdx_901_edei--DocumentType_c20220117__20220117_zNSFBGU7cYEi"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Current Report</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Pursuant To Section&#160;13
or 15 (d) of the <br />
Securities Exchange Act of 1934 </p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Date of Report (Date of
earliest event reported): <span id="xdx_90B_edei--DocumentPeriodEndDate_c20220117__20220117_zjAi8llaIGRk"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">January 17,
2022</ix:nonNumeric></span></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 14pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span id="xdx_90B_edei--EntityRegistrantName_dxL_c20220117__20220117_zR6OnzhYTrIj"><b><span style="-sec-ix-hidden: xdx2ixbrl0013">CHUBB
LIMITED</span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>(Exact name of registrant
as specified in its charter)</b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-left: auto; margin-right: auto">
<tr style="font-size: 10pt">
    <td style="text-align: center; vertical-align: top; width: 34%"><span id="xdx_90F_edei--EntityIncorporationStateCountryCode_c20220117__20220117_zHuRmYoib4Ig"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt-sec:edgarprovcountryen" name="dei:EntityIncorporationStateCountryCode">Switzerland</ix:nonNumeric></span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: top; width: 32%"><span id="xdx_90F_edei--EntityFileNumber_c20220117__20220117_zepwRR5OMA2d"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:EntityFileNumber">1-11778</ix:nonNumeric></span></td>
    <td style="vertical-align: bottom; width: 1%">&#160;</td>
    <td style="text-align: center; vertical-align: top; width: 32%"><span id="xdx_90A_edei--EntityTaxIdentificationNumber_c20220117__20220117_zNogSPEkE2H6"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:EntityTaxIdentificationNumber">98-0091805</ix:nonNumeric></span></td></tr>
<tr style="font-size: 10pt">
    <td style="text-align: center; vertical-align: top"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(State
or other jurisdiction of<br />
 incorporation)</p>
        <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: top"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Commission File
                                                        Number)</p>
        <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: center; vertical-align: top"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(I.R.S.
Employer Identification No.)</p>
        <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span id="xdx_90A_edei--EntityAddressAddressLine1_c20220117__20220117_zg4FwpDVouSe"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:EntityAddressAddressLine1">Baerengasse
32</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">CH-<span id="xdx_907_edei--EntityAddressPostalZipCode_c20220117__20220117_zNbFUfz0Sn2f"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:EntityAddressPostalZipCode">8001</ix:nonNumeric>
</span><span id="xdx_906_edei--EntityAddressCityOrTown_c20220117__20220117_zovsas2GFUac"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:EntityAddressCityOrTown">Zurich</ix:nonNumeric></span>, <span id="xdx_905_edei--EntityAddressCountry_c20220117__20220117_zDhDCRyipzV6"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt-sec:countrynameen" name="dei:EntityAddressCountry">Switzerland</ix:nonNumeric></span></p>


<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Address of principal executive
offices)</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Registrant's telephone number,
including area code: +<span id="xdx_90F_edei--CityAreaCode_c20220117__20220117_zxki5op36X0g"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:CityAreaCode">41(0)43</ix:nonNumeric></span> <span id="xdx_901_edei--LocalPhoneNumber_c20220117__20220117_z1E7GrhND3Ok"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" name="dei:LocalPhoneNumber">456
76 00</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see
</i>General Instruction A.2. below):</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 2%">&#160;</td>
    <td style="width: 3%; text-align: left; vertical-align: top"><span id="xdx_908_edei--WrittenCommunications_c20220117__20220117_zAC2ZWwPwG33" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></td>
    <td style="text-align: left; vertical-align: top; width: 95%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td></tr>
</table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 2%">&#160;</td>
    <td style="width: 3%; text-align: left; vertical-align: top"><span id="xdx_907_edei--SolicitingMaterial_c20220117__20220117_z4gBnbRXMWK6" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></td>
    <td style="text-align: left; vertical-align: top; width: 95%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</td></tr>
</table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 2%">&#160;</td>
    <td style="width: 3%; text-align: left; vertical-align: top"><span id="xdx_900_edei--PreCommencementTenderOffer_c20220117__20220117_z8MsBs0RWdZa" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></td>
    <td style="text-align: left; vertical-align: top; width: 95%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
    (17 CFR 240.14d-2(b))</td></tr>
</table>
<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 2%">&#160;</td>
    <td style="width: 3%; text-align: left; vertical-align: top"><span id="xdx_90E_edei--PreCommencementIssuerTenderOffer_c20220117__20220117_z7GO3EbXJbY" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></td>
    <td style="text-align: left; vertical-align: top; width: 95%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
    (17 CFR 240.13e-4(c))</td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Securities registered pursuant to Section&#160;12(b)
of the Act:</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<tr style="font-size: 10pt">
    <td style="border: rgb(0, 0, 0) 1px solid; text-decoration: underline; text-align: left; vertical-align: top; border-image: none; padding-left: 5pt"><span style="text-decoration: underline">Title
    of each class</span></td>
    <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom">&#160;</td>
    <td style="border-top: rgb(0, 0, 0) 1px solid; border-right: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; text-decoration: underline; text-align: left; white-space: nowrap; vertical-align: top"><span style="text-decoration: underline">Trading&#160;Symbol(s)</span></td>
    <td style="border-top: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom">&#160;</td>
    <td style="border-top: rgb(0, 0, 0) 1px solid; border-right: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: top; padding-right: 2pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration: underline">Name
                                            of each exchange on which</span></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration: underline">registered</span>&#160;</p></td></tr>
<tr style="font-size: 10pt">
    <td style="border-right: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; border-left: rgb(0, 0, 0) 1px solid; vertical-align: top; padding-left: 5pt"><span id="xdx_907_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_z4vEY884oeM2"><ix:nonNumeric contextRef="From2022-01-172022-01-17_us-gaap_CommonStockMember" name="dei:Security12bTitle">Common
    Shares, par value CHF 24.15 per share</ix:nonNumeric></span></td>
    <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom"><span id="xdx_907_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zwBYxD0rCjh5"><ix:nonNumeric contextRef="From2022-01-172022-01-17_us-gaap_CommonStockMember" name="dei:TradingSymbol">CB</ix:nonNumeric></span></td>
    <td style="border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: rgb(0, 0, 0) 1px solid; border-bottom: rgb(0, 0, 0) 1px solid; vertical-align: bottom; padding-right: 2pt"><span id="xdx_904_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zV8SoM5iYw52"><ix:nonNumeric contextRef="From2022-01-172022-01-17_us-gaap_CommonStockMember" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New
    York Stock Exchange</ix:nonNumeric></span></td></tr>

<tr>
    <td style="border-right: rgb(0, 0, 0) 1pt solid; border-left: rgb(0, 0, 0) 1pt solid; vertical-align: top; padding-left: 5pt"><span style="font-size: 10pt"><span id="xdx_90D_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueDecember2024Member_zI2JuvkAiCpk"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member" name="dei:Security12bTitle">Guarantee of Chubb INA Holdings Inc. 0.30% Senior Notes due 2024</ix:nonNumeric></span></span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_90F_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueDecember2024Member_z2kzdKSolibl"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member" name="dei:TradingSymbol">CB/24A</ix:nonNumeric></span></span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; vertical-align: top; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_904_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueDecember2024Member_zaF22Gw04Tyj"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>

<tr>
    <td style="border-top: black 1pt solid; border-right: rgb(0, 0, 0) 1pt solid; border-bottom: black 1pt solid; border-left: rgb(0, 0, 0) 1pt solid; vertical-align: top; width: 51%; padding-left: 5pt"><span style="font-size: 10pt"><span id="xdx_90E_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2027Member_zEhF1WYDxxoe"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member" name="dei:Security12bTitle">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2027</ix:nonNumeric></span></span></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; width: 1%">&#160;</td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; width: 16%"><span style="font-size: 10pt"><span id="xdx_906_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2027Member_zhXvoMbFmmce"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member" name="dei:TradingSymbol">CB/27</ix:nonNumeric></span></span></td>
    <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; width: 1%">&#160;</td>
    <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; width: 31%; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_90D_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2027Member_zgIWA5k4c415"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr>
    <td style="border-right: rgb(0, 0, 0) 1pt solid; border-bottom: black 1pt solid; border-left: rgb(0, 0, 0) 1pt solid; vertical-align: top; padding-left: 5pt"><span style="font-size: 10pt"><span id="xdx_906_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2028Member_zyK2gtKxIhI9"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member" name="dei:Security12bTitle">Guarantee of Chubb INA Holdings Inc. 1.55% Senior Notes due 2028</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_90E_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2028Member_zwuAVJtsqd93"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member" name="dei:TradingSymbol">CB/28</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_906_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2028Member_za0LQ65dLIP2"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr>
    <td style="border-right: rgb(0, 0, 0) 1pt solid; border-bottom: black 1pt solid; border-left: rgb(0, 0, 0) 1pt solid; vertical-align: top; padding-left: 5pt"><span style="font-size: 10pt"><span id="xdx_903_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueDecember2029Member_zyzzpCxu7rgg"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member" name="dei:Security12bTitle">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2029</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_900_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueDecember2029Member_z5QGei4PeYb5"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member" name="dei:TradingSymbol">CB/29A</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_907_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueDecember2029Member_zngsNDKAuqkh"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr>
    <td style="border-right: rgb(0, 0, 0) 1pt solid; border-bottom: black 1pt solid; border-left: rgb(0, 0, 0) 1pt solid; vertical-align: top; padding-left: 5pt"><span style="font-size: 10pt"><span id="xdx_907_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2031Member_zp3vMagf0gK8"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member" name="dei:Security12bTitle">Guarantee of Chubb INA Holdings Inc. 1.40% Senior Notes due 2031</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_90D_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2031Member_zE77isc82HO1"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member" name="dei:TradingSymbol">CB/31</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_906_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueJune2031Member_zcFBP9LUQMLe"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr>
    <td style="border-right: rgb(0, 0, 0) 1pt solid; border-bottom: black 1pt solid; border-left: rgb(0, 0, 0) 1pt solid; vertical-align: top; padding-left: 5pt"><span style="font-size: 10pt"><span id="xdx_907_edei--Security12bTitle_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2038Member_zZsXjtB4ad14"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member" name="dei:Security12bTitle">Guarantee of Chubb INA Holdings Inc. 2.50% Senior Notes due 2038</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_904_edei--TradingSymbol_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2038Member_zdpTXppEazFe"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member" name="dei:TradingSymbol">CB/38A</ix:nonNumeric></span></span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom">&#160;</td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: top; padding-right: 2pt"><span style="font-size: 10pt"><span id="xdx_903_edei--SecurityExchangeName_c20220117__20220117__us-gaap--StatementClassOfStockAxis__custom--INASeniorNotesDueMarch2038Member_zSgisJKtrS96"><ix:nonNumeric contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0.25in; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR 240.12b-2).</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">Emerging growth company&#160;&#160;<span id="xdx_904_edei--EntityEmergingGrowthCompany_c20220117__20220117_zNyCyISlypR5" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-01-17to2022-01-17" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin-left: 0in; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#160;&#160;&#9744;</p>

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">&#160;</span></p>

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page --><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in; text-indent: 0.25in"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; font-weight: bold; width: 0.75in">Item&#160;5.03</td>
    <td style="font-size: 10pt; font-weight: bold">Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">As previously
disclosed, at the Chubb Limited (&#8220;Company&#8221;) Extraordinary General Meeting of Shareholders, held on November 3, 2021, shareholders
approved the cancellation of 14,465,400 shares repurchased by the Company during the first six months of 2021 and an amendment to Article
3(a) of the Company&#8217;s Articles of Association to effect the resulting share capital reduction, all as further described in the Company&#8217;s
Extraordinary General Meeting Proxy Statement under the heading &#8220;Agenda Item 2: Reduction of Share Capital&#8221;.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">The effectiveness
of the capital reduction by cancellation of shares was subject to publication requirements and a two-month waiting period in accordance
with Swiss law.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">On January 17, 2022, the share capital reduction and amendment to Article 3(a) of the Company&#8217;s Articles
of Association became effective.</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.4in; margin-top: 0pt; margin-bottom: 0pt">A copy of the amended Articles of Association is attached hereto as Exhibit 3.1 and is incorporated
herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <tr style="vertical-align: top">
    <td style="width: 0.75in"><b>Item 9.01.</b></td>
    <td><b>Financial Statements and Exhibits</b></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <tr style="vertical-align: bottom">
    <td style="font-size: 10pt; width: 0.75in"><i>(d)</i></td>
    <td style="font-size: 10pt"><i>Exhibits</i></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 9%"><span style="font-size: 10pt">&#160;</span></td>
    <td style="width: 10%"><span style="font-size: 10pt">Exhibit <br />
    <span style="text-decoration: underline">Number</span></span></td>
    <td style="width: 81%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt">&#160;</span></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt"><span style="text-decoration: underline">Description</span></span></p></td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><span style="font-size: 10pt"><a href="tm223911d1_ex3-1.htm" style="-sec-extract: exhibit">3.1</a></span></td>
    <td><span style="font-size: 10pt"><a href="tm223911d1_ex3-1.htm" style="-sec-extract: exhibit">Articles of Association of the Company
    as amended</a></span></td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><a href="tm223911d1_ex3-1.htm"><span style="font-size: 10pt">4.1</span></a></td>
    <td><a href="tm223911d1_ex3-1.htm"><span style="font-size: 10pt">Articles of Association of the Company as amended (Incorporated by reference to Exhibit 3.1)</span></a></td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><span style="font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">&#160;</span></td>
    <td><span style="font-size: 10pt">104</span></td>
    <td><span style="font-size: 10pt">Cover Page Interactive&#160;Data File (the cover page XBRL tags are embedded within the Inline
    XBRL document)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page --><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2" style="font-size: 10pt">CHUBB LIMITED</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td colspan="2" style="font-size: 10pt">&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="width: 50%">&#160;</td>
    <td style="font-size: 10pt; width: 4%">By:&#160;&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; width: 46%">/s/ Joseph F. Wayland</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">Joseph F. Wayland</td></tr>
  <tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">General Counsel</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DATE: <span style="color: #212529">January 20, 2022</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page --><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>


</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- 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 -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>tm223911d1_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 3.1<I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Statuten</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">der</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>______________________________________________________<FONT STYLE="text-transform: uppercase">&nbsp;</FONT></B></P></TD>
    <TD STYLE="width: 4%; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Articles
    of Association</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">of</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>______________________________________________________</B>&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: -35.45pt">&nbsp;</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>I. Firma,
    Sitz und Zweck der Gesellschaft</B></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: -35.45pt">&nbsp;</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Artikel 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Firma, Sitz und Dauer der Gesellschaft</B></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unter der Firma</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">besteht eine Aktiengesellschaft gem&auml;ss Artikel
    620 ff. OR mit Sitz in Z&uuml;rich. Die Dauer der Gesellschaft ist unbeschr&auml;nkt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: -35.45pt">&nbsp;</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>I. Name,
    Domicile and Purpose of the Company</B></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: center; text-indent: -35.45pt">&nbsp;</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Article 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Name, Registered Office
    and Duration</B></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the corporate name</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chubb Limited</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb AG)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Chubb SA)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">a Company exists pursuant to art. 620 et
seq. of the Swiss Code of Obligations (hereinafter &quot;CO&quot;) having its registered office in Zurich. The duration of the Company
is unlimited.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Artikel 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zweck</B></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hauptzweck
der Gesellschaft ist der Erwerb, das Halten und der Verkauf von Beteiligungen an Unternehmen, insbesondere, jedoch nicht ausschliesslich,
solcher der Direkt- und R&uuml;ckversicherungsbranche.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Article 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purpose</B></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    main purpose of the Company is to acquire, hold, manage and to sell equity participations, including in insurance and reinsurance companies
    as well as in other companies.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">Die Gesellschaft kann Finanz-
und Management-Transaktionen ausf&uuml;hren. Sie kann Zweigniederlassungen und Tochtergesellschaften im In- und Ausland errichten.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify">The Company may carry out finance and
    management transactions and set up branches and subsidiaries in Switzerland and abroad.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">Die Gesellschaft kann im In- und
Ausland Grundst&uuml;cke erwerben, halten und ver&auml;ussern.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify">The Company may acquire, hold
and sell real estate in Switzerland and abroad.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; padding-left: 0.375in; text-align: justify; text-indent: -29.7pt">&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Die Gesellschaft kann alle Gesch&auml;fte t&auml;tigen, die geeignet sind, den Zweck der Gesellschaft zu f&ouml;rdern und mit dem Zweck im Zusammenhang stehen.</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;The
Company may engage in all types of transactions and may take all measures that appear appropriate to promote the purpose of the Company
or that are related to the same.&nbsp;</P></TD></TR>

</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">II. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aktienkapital und Aktien</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">II. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share Capital and Shares</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>Artikel 3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aktienkapital</B></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD><B>Article 3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share Capital</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in; text-align: justify">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
Aktienkapital der Gesellschaft betr&auml;gt CHF 11&rsquo;098&rsquo;270&rsquo;493.10 und ist eingeteilt in 459&rsquo;555&rsquo;714 auf
den Namen lautende Aktien im Nennwert von CHF 24.15 je Aktie. Das Aktienkapital ist vollst&auml;ndig liberiert.</P>

</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
share capital of the Company amounts to CHF 11,098,270,493.10 and is divided into 459,555,714 registered shares with a nominal value
of CHF 24.15 per share. The share capital is fully paid-in.</P>

</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Auf
Beschluss der Generalversammlung k&ouml;nnen jederzeit Namenaktien in Inhaberaktien und Inhaberaktien in Namenaktien umgewandelt werden.&nbsp;</P>

</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Upon
resolution of the General Meeting of Shareholders, registered shares may be converted into bearer shares and bearer shares may be converted
into registered shares, at any time.&nbsp;</P>

</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: -0.75in; padding-left: 0.75in"><B>Artikel 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bedingtes Aktienkapital f&uuml;r Anleihensobligationen und &auml;hnliche Instrumente
    der Fremdfinanzierung</B></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: -0.75in; padding-left: 0.75in"><B>Article 4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conditional Share Capital for Bonds and Similar Debt Instruments</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
Aktienkapital der Gesellschaft wird im Maximalbetrag von CHF&nbsp;796'950'000.00 durch Ausgabe von h&ouml;chstens 33'000'000 vollst&auml;ndig
zu liberierenden Namenaktien mit einem Nennwert von CHF&nbsp;24.15 je Aktie erh&ouml;ht, bei und im Umfang der Aus&uuml;bung von Wandel-
und/oder Optionsrechten, welche im Zusammenhang mit von der Gesellschaft oder ihren Tochtergesellschaften emittierten oder noch zu emittierenden
Anleihensobligationen, Notes oder &auml;hnlichen Obligationen oder Schuldverpflichtungen einger&auml;umt wurden/werden, einschliesslich
Wandelanleihen.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    share capital of the Company shall be increased by an amount not exceeding CHF&nbsp;796,950,000.00 through the issue of a maximum of 33,000,000
    registered shares, payable in full, each with a nominal value of CHF&nbsp;24.15 through the exercise of conversion and/or option or warrant
    rights granted in connection with bonds, notes or similar instruments, issued or to be issued by the Company or by subsidiaries of the
    Company, including convertible debt instruments.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
Bezugsrecht der Aktion&auml;re ist f&uuml;r diese Aktien ausgeschlossen. Das Vorwegzeichnungsrecht der Aktion&auml;re in Bezug auf neue
Anleihensobligationen, Notes oder &auml;hnlichen Obligationen oder Schuldverpflichtungen kann durch Beschluss des Verwaltungsrates zu
folgenden Zwecken eingeschr&auml;nkt oder ausgeschlossen werden: Finanzierung und Refinanzierung des Erwerbs von Unternehmen, Unternehmensteilen
oder Beteiligungen, von durch die Gesellschaft geplanten neuen Investitionen oder bei der Emission von Options- und Wandelanleihen &uuml;ber
internationale Kapitalm&auml;rkte sowie im Rahmen von Privatplatzierungen. Der Ausschluss des Vorwegszeichnungsrechts ist ausschliesslich
unter folgenden kumulativen Bedingungen zul&auml;ssig: (1) Die Instrumente m&uuml;ssen zu Marktkonditionen emittiert werden, (2) die
Frist, innerhalb welcher die Options- und Wandelrechte ausge&uuml;bt werden k&ouml;nnen, darf ab Zeitpunkt der Emission des betreffenden
Instruments bei Optionsrechten 10 Jahre und bei Wandelrechten 20 Jahre nicht &uuml;berschreiten und (3) der Umwandlungs- oder Aus&uuml;bungspreis
f&uuml;r die neuen Aktien hat mindestens dem Marktpreis zum Zeitpunkt der Emission des betreffenden Instruments zu entsprechen.&nbsp;</P>

</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Shareholders'
pre-emptive rights are excluded. Shareholders' advance subscription rights with regard to the new bonds, notes or similar instruments
may be restricted or excluded by decision of the Board of Directors in order to finance or re-finance the acquisition of companies, parts
of companies or holdings, or new investments planned by the Company, or in order to issue convertible bonds and warrants on the international
capital markets or through private placement. If advance subscription rights are excluded, then (1) the instruments are to be placed
at market conditions, (2) the exercise period is not to exceed ten years from the date of issue for warrants and twenty years for conversion
rights and (3) the conversion or exercise price for the new shares is to be set at least in line with the market conditions prevailing
at the date on which the instruments are issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Erwerb von Namenaktien durch Aus&uuml;bung von Wandel- und Optionsrechten sowie s&auml;mtliche weiteren &Uuml;bertragungen von Namenaktien
unterliegen den &Uuml;bertragungsbeschr&auml;nkungen gem&auml;ss Art. 8 der Statuten.&nbsp;</P>

</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
acquisition of registered shares through the exercise of conversion rights or warrants and any further transfers of registered shares
shall be subject to the restrictions specified in Article 8 of the Articles of Association.&nbsp;</P>

</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>Artikel 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bedingtes Aktienkapital f&uuml;r Mitarbeiterbeteiligungen</B></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD><B>Article 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conditional Share Capital for Employee Benefit
    Plans</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
Aktienkapital der Gesellschaft wird im Maximalbetrag von CHF&nbsp;613'673'935.35 durch Ausgabe von h&ouml;chstens 25'410'929 vollst&auml;ndig
zu liberierenden Namenaktien mit einem Nennwert von CHF&nbsp;24.15 je Aktie erh&ouml;ht bei und im Umfang der Aus&uuml;bung von Optionen,
welche Mitarbeitern der Gesellschaft oder ihrer Tochtergesellschaften sowie Beratern, Direktoren oder anderen Personen, welche Dienstleistungen
f&uuml;r die Gesellschaft oder ihre Tochtergesellschaften erbringen, einger&auml;umt wurden/werden.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    share capital of the Company shall be increased by an amount not exceeding CHF&nbsp;613,673,935.35 through the issue from time to time
    of a maximum of 25,410,929 registered shares, payable in full, each with a nominal value of CHF&nbsp;24.15, in connection with the exercise
    of option rights granted to any employee of the Company or a subsidiary, and any consultant, director, or other person providing services
    to the Company or a subsidiary.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Bez&uuml;glich
dieser Aktien ist das Bezugsrecht der Aktion&auml;re ausgeschlossen. Neue Aktien dieser Art k&ouml;nnen unter dem aktuellen Marktpreis
ausgegeben werden. Der Verwaltungsrat bestimmt bei einer solchen Emission die spezifischen Konditionen, inkl. den Preis der Aktien.&nbsp;</P></TD>
    <TD STYLE="width: 4%; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Shareholders'
pre-emptive rights shall be excluded with regard to these shares. These new registered shares may be issued at a price below the current
market price. The Board of Directors shall specify the precise conditions of issue including the issue price of the shares.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Erwerb von Namenaktien im Zusammenhang mit Mitarbeiterbeteiligungen sowie s&auml;mtliche weiteren &Uuml;bertragungen von Namenaktien
unterliegen den &Uuml;bertragungsbeschr&auml;nkungen gem&auml;ss Art. 8 der Statuten.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: -0.5in; padding-left: 0.5in">c) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The acquisition of registered shares in connection with em-ployee participation and any further transfers of registered shares shall
be subject to the restrictions specified in Article 8 of the Articles of Association.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Artikel 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genehmigtes Kapital zu allgemeinen
    Zwecken</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Verwaltungsrat ist erm&auml;chtigt, das Aktienkapital jederzeit bis zum 20. Mai 2022 im Maximalbetrag von CHF 4&rsquo;830&rsquo;000&rsquo;000
durch Ausgabe von h&ouml;chstens 200&rsquo;000&rsquo;000 vollst&auml;ndig zu liberierenden Namenaktien mit einem Nennwert von CHF 24.15
je Aktie zu erh&ouml;hen.&nbsp;</P></TD>
    <TD STYLE="text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Article 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized Share Capital for General
    Purposes</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board of Directors is authorized to increase the share capital from time to time until May&nbsp;20, 2022 by an amount not exceeding CHF
4,830,000,000 through the issue of up to 200,000,000 fully paid up registered shares with a nominal value of CHF 24.15 each.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Erh&ouml;hungen
auf dem Weg der Fest&uuml;bernahme sowie Erh&ouml;hungen in Teilbetr&auml;gen sind gestattet. Der Ausgabebetrag, die Art der Einlage,
der Zeitpunkt der Dividendenberechtigung sowie die Zuweisung nicht ausge&uuml;bter Bezugsrechte werden durch den Verwaltungsrat bestimmt.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Increases
through firm underwriting or in partial amounts are permitted. The issue price, the date of dividend entitlement, the type of consideration
(including the contribution or underwriting in kind) as well as the allocation of non exercised pre-emptive rights shall be determined
by the Board of Directors.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Verwaltungsrat ist erm&auml;chtigt, Bezugsrechte der Aktion&auml;re auszuschliessen und diese Dritten zuzuweisen, wenn die neu auszugebenden
Aktien zu folgenden Zwecken verwendet werden: (1) Fusionen, &Uuml;bernahmen von Unternehmen oder Beteiligungen, Finanzierungen und Refinanzierungen
solcher Fusionen und &Uuml;bernahmen sowie anderweitige Investitionsvorhaben (unter Einschluss von Privatplatzierungen), (2) St&auml;rkung
der regulatorischen Kapitalbasis der Gesellschaft oder ihrer Tochtergesellschaften (unter Einschluss von Privatplatzierungen), (3) zur
Erweiterung des Aktionariats oder (4) zum Zwecke der Mitarbeiterbeteiligung.</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board of Directors is authorized to exclude the pre-emptive rights of the shareholders and to allocate them to third parties in the event
of the use of shares for the purpose of (1) mergers, acquisitions of enterprises or participations, financing and/or refinancing of such
mergers and acquisitions and of other investment projects (including by way of private placements), (2) to improve the regulatory capital
position of the company or its subsidiaries (including by way of private placements), (3) broadening the shareholder constituency or
(4) for the purpose of the participation of employees.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
Zeichnung sowie der Erwerb von Namenaktien aus genehmigtem Kapital zu allgemeinen Zwecken sowie s&auml;mtliche weiteren &Uuml;bertragungen
von Namenaktien unterliegen den &Uuml;bertragungsbeschr&auml;nkungen gem&auml;ss Art. 8 der Statuten.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
subscription and acquisition of registered shares out of authorized share capital for general purposes and any further transfers of registered
shares shall be subject to the restrictions specified in Article 8 of the Articles of Association.&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-align: left; text-indent: -74.7pt">Artikel 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aktienzertifikate</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.7pt; text-align: left; text-indent: -74.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
Gesellschaft kann auf Druck und Auslieferung der Aktienzertifikate verzichten sowie bereits gedruckte Zertifikate annullieren. Letzteres
setzt die Einlieferung der Zertifikate bei der Gesellschaft sowie das Einverst&auml;ndnis der Aktion&auml;re voraus. Der Aktion&auml;r
kann jedoch von der Gesellschaft jederzeit kostenlos Druck und Auslieferung der Aktienzertifikate verlangen. Die Gesellschaft kann die
Namenaktien ihrerseits jederzeit drucken.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: left; text-indent: -69.8pt">Article 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share
    Certificates</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: left; text-indent: -69.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Company may forego the printing and delivery of registered shares and may cancel without replacement already printed shares. Registered
shares already issued can only be cancelled when they are returned to the Company and the shareholder agrees. The shareholder may request
at any time, without cost, the printing and delivery of his registered shares. The Company may for its part print out the registered
shares at any time.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nicht
    verurkundete Namenaktien einschliesslich der daraus entspringenden Rechte k&ouml;nnen nur durch Zession &uuml;bertragen werden. Die Zession
    bedarf zur G&uuml;ltigkeit der Anzeige an die Gesellschaft. Die Berechtigung an den Zertifikaten der &uuml;bertragenen Aktien wird durch
    rechtsg&uuml;ltige Zession &uuml;bertragen und bedarf keiner Zustimmung seitens der Gesellschaft. Die Bank, welche abgetretene Namenaktien
    f&uuml;r die Aktion&auml;re verwaltet, kann von der Gesellschaft &uuml;ber die erfolgte Zession benachrichtigt werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Registered
shares not physically represented by certificates and the rights arising therefrom can only be transferred by assignment. Such assignment
shall not be valid unless notice is given to the Company. Title to the certificate of the transferred share is passed on to the transferee
through legal and valid assignment and does not need the explicit consent of the Company. The bank which handles the book entries of
the assigned registered shares on behalf of the shareholders may be notified by the Company of the assignment.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Nicht
verurkundete Namenaktien sowie die daraus entspringenden Verm&ouml;gensrechte k&ouml;nnen ausschliesslich zugunsten der Bank, welche
die Aktien im Auftrag des betreffenden Aktion&auml;rs verwaltet, verpf&auml;ndet werden. Die Verpf&auml;ndung bedarf eines schriftlichen
Pfandvertrags. Eine Benachrichtigung der Gesellschaft ist nicht erforderlich.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Registered
    shares not physically represented by certificates and the financial rights arising from these shares may only be pledged to the bank handling
    the book entries of such shares for the shareholder. The pledge must be made by means of a written pledge agreement. Notice to the Company
    is not required.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aktienregister; Beschr&auml;nkungen
    der &Uuml;bertragbarkeit</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;F&uuml;r
die Namenaktien wird ein Aktienbuch gef&uuml;hrt. Darin werden die Eigent&uuml;mer und Nutzniesser mit Namen und Vornamen, Wohnort, Adresse
und Staatsangeh&ouml;rigkeit (bei juristischen Personen mit Sitz) eingetragen.&nbsp;</P></TD>
    <TD STYLE="width: 4%; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholder's Register, Transfer
    Restrictions</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Registered
shares are issued in the name of the owner or the usufructuary. This person shall be entered in the share register with his name, address,
domicile and citizenship (domicile in case of legal entities).&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zur
Eintragung ins Aktienbuch als Aktion&auml;r mit Stimmrecht ist die Zustimmung des Verwaltungsrats notwendig. Die Eintragung als Aktion&auml;r
mit Stimmrecht kann in den in Art. 8 lit. c), d), e) und f) der Statuten festgehaltenen F&auml;llen abgelehnt werden. Lehnt der Verwaltungsrat
die Eintragung des Erwerbers als Aktion&auml;r mit Stimmrecht ab, benachrichtig er diesen innerhalb von 20 Tagen seit dem Eingang des
Eintragungsgesuchs. Nicht anerkannte Erwerber werden als Aktion&auml;re ohne Stimmrecht ins Aktienbuch eingetragen. Die entsprechenden
Aktien gelten in der Generalversammlung als nicht vertreten.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry
in the share register of registered shares with voting rights is subject to the approval of the Board of Directors. Entry of registered
shares with voting rights may be refused based on the grounds set out in Article 8(c), (d), (e) and (f). If the Board of Directors refuses
to register the acquirer as shareholder with voting rights it shall notify the acquirer of such refusal within 20 days upon receipt of
the application. Non-recognized acquirers shall be entered in the share register as shareholders without voting rights. The corresponding
shares shall be considered as not represented in the General Meeting of Shareholders.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;Eine
nat&uuml;rliche oder juristische Person wird in dem Umfang nicht als Aktion&auml;rin mit Stimmrecht im Aktienbuch eingetragen, in welchem
die von ihr direkt oder indirekt im Sinne von Art. 14 der Statuten gehaltene oder sonstwie kontrollierte Beteiligung 10% oder mehr des
im Handelsregister eingetragenen Aktienkapitals betr&auml;gt. Dabei gelten Personen, die durch Absprache, Kapital, Stimmkraft, Leitung,
Syndikat oder auf andere Weise miteinander verbunden sind, als eine Person. Im Umfang, in welchem eine derartige Beteiligung 10% oder
mehr des Aktienkapitals betr&auml;gt, werden die entsprechenden Aktien ohne Stimmrecht ins Aktienbuch eingetragen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
    individual or legal entity may, directly or indirectly, formally, constructively or beneficially own (as defined in Article 14 below)
    or otherwise control voting rights with respect to 10% or more of the registered share capital recorded in the Commercial Register. Those
    associated through capital, voting power, joint management or in any other way, or joining for the acquisition of shares, shall be regarded
    as one person. The registered shares exceeding the limit of 10% shall be entered in the share register as shares without voting rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
oben erw&auml;hnte 10% Limite gilt auch bei der Zeichnung oder Erwerb von Aktien, welche mittels Aus&uuml;bung von Options- oder Wandelrechten
aus Namen- oder Inhaberpapieren oder sonstigen von der Gesellschaft oder Dritten ausgestellten Wertpapieren oder welche mittels Aus&uuml;bung
von erworbenen Bezugsrechten aus Namen- oder Inhaberaktien gezeichnet oder erworben werden. Im Umfang, in welchem eine daraus resultierende
Beteiligung 10% oder mehr des Aktienkapitals betr&auml;gt, werden die entsprechenden Aktien ohne Stimmrecht ins Aktienbuch eingetragen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    limit of 10% of the registered share capital also applies to the subscription for, or acquisition of, registered shares by exercising
    option or convertible rights arising from registered or bearer securities or any other securities issued by the Company or third parties,
    as well as by means of exercising purchased pre-emptive rights arising from either registered or bearer shares. The registered shares
    exceeding the limit of 10% shall be entered in the share register as shares without voting rights.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Verwaltungsrat verweigert die Eintragung ins Aktienbuch als Aktion&auml;r mit Stimmrecht oder entscheidet &uuml;ber die L&ouml;schung
eines bereits eingetragenen Aktion&auml;rs mit Stimmrecht aus dem Aktienbuch, wenn der Erwerber auf sein Verlangen hin nicht ausdr&uuml;cklich
erkl&auml;rt, dass er die Aktien im eigenen Namen und auf eigene Rechnung erworben hat.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    Board of Directors shall reject entry of registered shares with voting rights in the share register or shall decide on their cancellation
    when the acquirer or shareholder upon request does not expressly state that she/he has acquired or holds the shares in her/his own name
    and for her/his own account.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Verwaltungsrat verweigert die Eintragung nat&uuml;rlicher und juristischer Personen, welche Namenaktien f&uuml;r Dritte halten und dies
schriftlich gegen&uuml;ber der Gesellschaft erkl&auml;ren werden, als Treuh&auml;nder/Nominees mit unbeschr&auml;nktem Stimmrecht ins
Aktienbuch oder entscheidet &uuml;ber die L&ouml;schung aus dem Aktienbuch , wenn sie sich nicht dazu verpflichten, gegen&uuml;ber der
Gesellschaft auf deren schriftliches Verlangen hin jederzeit die Namen, Adressen und Beteiligungsquote derjenigen Personen offenzulegen,
f&uuml;r welche sie die Namenaktien halten.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    Board of Directors shall reject entry of individuals and legal entities, who hold registered shares for third parties and state this in
    writing to the Company, as nominees in the share register with voting rights without limitation or shall decide on their cancellation
    when the nominee does not undertake the obligation to disclose at any time to the Company at its written request the names, addresses
    and share holdings of each person for whom such nominee is holding shares.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der
Verwaltungsrat kann in besonderen F&auml;llen Ausnahmen von den obgenannten Beschr&auml;nkungen (Art. 8 lit. c), d), e) and f) der Statuten)
genehmigen. Sodann kann der Verwaltungsrat nach Anh&ouml;rung der betroffenen Personen deren Eintragungen im Aktienbuch als Aktion&auml;re
r&uuml;ckwirkend streichen, wenn diese durch falsche Angaben zustande gekommen sind oder wenn die betroffene Person die Auskunft gem&auml;ss
Art. 8 lit. f) verweigert.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors may in special cases approve exceptions to the above regulations (Article 8(c), (d), (e) and (f)). The Board of Directors
is in addition authorized, after due consultation with the person concerned, to delete with retroactive effect entries in the share register
which were effected on the basis of false information and/or to delete entries in case the respective person refuses to make the disclosers
according to Article 8(f).&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solange
ein Erwerber nicht Aktion&auml;r mit Stimmrecht im Sinne von Art. 8 der Statuten geworden ist, kann er weder die entsprechenden Stimmrechte
noch die weiteren mit diesen in Zusammenhang stehenden Rechte wahrnehmen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until
an acquirer becomes a shareholder with voting rights for the shares in accordance with this Article 8, she/he may neither exercise the
voting rights connected with the shares nor other rights associated with the voting rights.&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; font-weight: bold; text-align: center; font-size: 10pt">III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organisation</TD>
    <TD STYLE="width: 4%; font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%; font-weight: bold; text-align: center; font-size: 10pt">III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organization</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Die Generalversammlung</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The General Meeting</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Befugnisse</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Die Generalversammlung ist das oberste Organ
der Gesellschaft. Sie hat die folgenden un&uuml;bertragbaren Befugnisse:&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorities</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The General Meeting is the supreme corporate
body of the Company. It has the following non-transferable powers:&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Festsetzung und &Auml;nderung der Statuten;&nbsp;</P></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
adopt and amend the Articles of Association;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Wahl und Abwahl der Mitglieder des Verwaltungsrats, des Pr&auml;sidenten des Verwaltungsrats, der Mitglieder des Verg&uuml;tungsausschusses,
der Revisionsstelle und des unabh&auml;ngigen Stimmrechtsvertreters;&nbsp;</P></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
elect and remove the members of the Board of Directors, the Chairman of the Board of Directors, the members of the Compensation Committee,
the Auditors and the independent proxy;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Genehmigung des Lageberichts, der Jahresrechnung und der Konzernrechnung sowie die Beschlussfassung &uuml;ber die Verwendung des Bilanzgewinns,
insbesondere die Festsetzung der Dividende;&nbsp;</P></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
approve the statutorily required management report, the annual accounts and the consolidated financial statements as well as to pass
resolutions regarding the allocation of profits as shown on the balance sheet, in particular to determine the dividends;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Entlastung der Mitglieder des Verwaltungsrats;&nbsp;</P></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
grant discharge to the members of the Board of Directors;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; padding-left: 0.5in; text-align: justify; text-indent: -0.5in">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die Genehmigung der Verg&uuml;tungen des Verwaltungsrats und der Gesch&auml;ftsleitung gem&auml;ss Art. 25 der Statuten; und</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
approve the compensation of the Board of Directors and the Executive Management in accordance with Article 25; and&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Beschlussfassung &uuml;ber die Gegenst&auml;nde, die der Generalversammlung durch das Gesetz oder die Statuten vorbehalten sind oder
welche ihr vom Verwaltungsrat vorgelegt werden.&nbsp;</P></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
pass resolutions regarding items which are reserved to the General Meeting by law or by the Articles of Association or which are presented
to it by the Board of Directors.&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.8pt; text-align: left; text-indent: -70.8pt">Artikel 10&nbsp;&nbsp;&nbsp;&nbsp;Generalversammlungen
    sowie deren Einberufung</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.8pt; text-align: left; text-indent: -70.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Die
ordentliche Generalversammlung findet allj&auml;hrlich innerhalb von sechs Monaten nach Abschluss des Gesch&auml;ftsjahres statt. Zeitpunkt
und Ort, welcher im In- oder Ausland sein kann, werden durch den Verwaltungsrat bestimmt.&nbsp;</P></TD>
    <TD STYLE="width: 4%; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meetings and Convening the Meeting</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
ordinary General Meeting shall be held annually within six months after the close of the business year at such time and at such location,
which may be within or outside Switzerland, as determined by the Board of Directors.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ausserordentliche
Generalversammlungen finden satt, wenn es die Generalversammlung, die Revisionsstelle oder der Verwaltungsrat f&uuml;r notwendig erachten.
Ausserdem m&uuml;ssen ausserordentliche Generalversammlungen einberufen werden, wenn stimmberechtigte Aktion&auml;re, welche zusammen
mindestens 10% des Aktienkapitals vertreten, es verlangen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Extraordinary
    General Meetings may be called by resolution of the General Meeting, the Auditors or the Board of Directors, or by shareholders with voting
    powers, provided they represent at least 10% of the share capital.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einberufung</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Die Generalversammlung wird durch den Verwaltungsrat,
n&ouml;tigenfalls durch die Revisionsstelle oder die Liquidatoren, einberufen. Die Einladung erfolgt mindestens 20 Tage vor der Versammlung
durch Publikation im Schweizerischen Handelsamtsblatt.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The General Meeting is summoned by the Board
of Directors or if necessary by the Auditors or the liquidators. Notice of the General Meeting shall be given by publication in the &quot;Schweizerisches
Handelsamtsblatt&quot; at least 20 days before the date of the meeting.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Traktanden</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Verwaltungsrat nimmt die Traktandierung der Verhandlungsgegenst&auml;nde vor.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agenda</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    Board of Directors shall state the matters on the agenda.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ein
oder mehrere mit Stimmrecht eingetragene Aktion&auml;re k&ouml;nnen, gem&auml;ss den gesetzlichen Bestimmungen, vom Verwaltungsrat die
Traktandierung eines Verhandlungsgegenstandes verlangen. Das Begehren um Traktandierung ist schriftlich unter Angabe der Verhandlungsgegenst&auml;nde
und der Antr&auml;ge an den Pr&auml;sidenten des Verwaltungsrates mindestens 45 Tage vor der Generalversammlung einzureichen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One
    or more registered Shareholders may in compliance with the legal requirements demand that matters be included in the agenda. Such demands
    shall be in writing and shall specify the items and the proposals and has to be submitted to the Chairman up to 45 days before the date
    of the meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&Uuml;ber
Antr&auml;ge zu nicht geh&ouml;rig angek&uuml;ndigten Verhandlungsgegenst&auml;nden, welche auch nicht im Zusammenhang mit einem geh&ouml;rig
traktandierten Verhandlungsgegenstand stehen, k&ouml;nnen keine Beschl&uuml;sse gefasst werden, ausser in den gesetzlich vorgesehenen
F&auml;llen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
    resolution shall be passed on matters proposed only at the General Meeting and which have no bearing on any of the proposed items of the
    agenda, apart from those exceptions permitted by law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
der Einberufung der Versammlung werden die Traktanden und die Antr&auml;ge des Verwaltungsrates sowie derjenigen Aktion&auml;re bekanntgegeben,
welche die Traktandierung oder die Durchf&uuml;hrung einer Generalversammlung verlangt haben.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
notice of the meeting shall state the matters on the agenda and the proposals of the Board of Directors and of those shareholders who
have demanded that a meeting be called or that matters be included in the agenda.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 13&nbsp;&nbsp;&nbsp;&nbsp;Vorsitz und Protokoll</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Den
Vorsitz in der Generalversammlung f&uuml;hrt der Pr&auml;sident des Verwaltungsrates, bei dessen Verhinderung ein anderes vom Verwaltungsrat
bezeichnetes Mitglied des Verwaltungsrates oder ein anderer von der Generalversammlung f&uuml;r den betreffenden Tag bezeichneter Vorsitzender.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chair, Minutes</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    General Meeting shall be chaired by the Chairman, or, in his absence, by another member of the Board of Directors, or by another Chairman
    elected for that day by the General Meeting.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Vorsitzende bezeichnet einen Protokollf&uuml;hrer sowie die Stimmenz&auml;hler, welche keine Aktion&auml;re sein m&uuml;ssen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Chairman designates a Secretary for the minutes as well as the scrutinizers who need not be shareholders.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der
Verwaltungsrat ist verantwortlich f&uuml;r die Protokollf&uuml;hrung. Das Protokoll wird vom Vorsitzenden und vom Protokollf&uuml;hrer
unterzeichnet.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board of Directors is responsible for the keeping of the minutes, which are to be signed by the Chairman and by the Secretary.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 14&nbsp;&nbsp;&nbsp;&nbsp;Stimmrecht und Vertreter</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jede
Aktie berechtigt, unter Vorbehalt der Einschr&auml;nkungen gem&auml;ss Art.&nbsp;8 und Art. 14 lit. b) der Statuten, zu einer Stimme.
Jeder stimmberechtigte Aktion&auml;r kann seine Aktien durch eine andere von ihm schriftlich bevollm&auml;chtigte Person vertreten lassen,
welche kein Aktion&auml;r sein muss.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voting Rights and Shareholders
    Proxies</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
share is entitled to one vote subject to the provisions of Article 8 and Article 14(b) below. Each shareholder may be represented at
the General Meeting by another person who is authorized by a written proxy and who does not need to be a shareholder.&nbsp;</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ungeachtet
lit. a) vorstehend, gilt Folgendes: Sobald und solange eine nat&uuml;rliche oder juristische Person 10% oder mehr des im Handelsregister
eingetragenen Aktienkapitals der Gesellschaft kontrolliert, ist diese bei ordentlichen oder ausserordentlichen Generalversammlungen maximal
zu den gem&auml;ss nachfolgender Formel zu eruierenden Stimmen (abgerundet auf die n&auml;chst tiefere, runde Zahl) berechtigt:&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
para. a) above, if and so long as the Controlled Shares of any individual or legal entity constitute ten percent (10%) or more of the
registered share capital recorded in the Commercial Register, such individual or legal entity shall be entitled to cast votes at any
General Meeting or Extraordinary General Meeting in the aggregate equal to the number (rounded down to the nearest whole number) obtained
from following formula:&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: left">(T &divide; 10) - 1&nbsp;</P></TD>
    <TD STYLE="text-align: left; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: left">(T &divide; 10) - 1&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 106.2pt; text-align: justify; text-indent: -76.5pt">Wobei gilt:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&ldquo;T&rdquo;
ist gleich der Gesamtanzahl der Stimmrechte, welche auf dem im Handelsregister eingetragenen gesamten Aktienkapital der Gesellschaft
verliehen werden.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 78.8pt; text-align: justify; text-indent: -45pt">Where:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;T&rdquo;
is the aggregate number of votes conferred by all the registered share capital recorded in the Commercial Register.&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Als
    &quot;kontrolliert&quot; im Sinne dieses Artikels gelten folgende Aktien:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Article 14,&quot;Controlled Shares&quot; in reference to any individual or entity means:&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.7pt; text-align: justify; text-indent: -0.5in">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;alle
Aktien der Gesellschaft, welche direkt oder indirekt von einer nat&uuml;rlichen oder juristischen Person gehalten werden, wobei:&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -0.5in">(aa)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;all
shares of the Company directly, indirectly or constructively owned by such individual or entity; provided that&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktien,
welche direkt oder indirekt von einer Personengesellschaft (<I>Partnership</I>), von einem Trust oder einer anderweitigen Verm&ouml;gensmasse
(z.B. Nachlass) gehalten werden, anteilsm&auml;ssig auf die hinter diesen Strukturen stehenden Partner oder wirtschaftlich Berechtigten
angerechnet werden; und&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;shares
    owned, directly or indirectly, by or for a partnership, or trust or estate will be considered as being owned proportionately by its partners,
    or beneficiaries; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktien,
welche direkt oder indirekt von einer k&ouml;rperschaftlich organisierten Gesellschaft gehalten werden als anteilsm&auml;ssig von den
Aktion&auml;ren solcher Gesellschaften, welche ihrerseits mehr als 50% der ausgegebenen stimmberechtigten Aktien ebensolcher halten,
gehalten gelten; und&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;shares
    owned, directly or indirectly, by or for a corporation will be considered as being owned proportionately by any shareholder owning 50%
    or more of the outstanding voting shares of such corporation; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aktien,
welche durch die Aus&uuml;bung von Wandel-, Options- oder &auml;hnlichen Rechten entstehen k&ouml;nnen, als vom Inhaber des entsprechenden
Rechts gehalten gelten; und&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(iii)&nbsp;&nbsp;&nbsp;shares
    subject to options, warrants or other similar rights shall be deemed to be owned; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.7pt; text-align: justify; text-indent: -0.5in">(bb)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;alle
Aktien der Gesellschaft, welche direkt oder indirekt von einer nat&uuml;rlichen oder juristischen Person als wirtschaftlich Berechtigte
gehalten werden, wobei als solche jede Person gilt, die:&nbsp;</P></TD>
    <TD STYLE="width: 4%; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 69.8pt; text-align: justify; text-indent: -0.5in">(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Shares
    of the Company directly, indirectly beneficially owned by such individual or entity; provided that</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;direkt
oder indirekt, durch jede Art von Vertrag, Vereinbarung, anderweitige Rechtsbeziehung oder sonstwie alleine oder zusammen mit anderen
derartigen Personen &uuml;ber Folgendes verf&uuml;gt:&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship,
or otherwise has or shares:&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 119.7pt; text-align: justify; text-indent: -27pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einfluss
    auf das Stimmrecht der betreffenden Aktien, sei dies direkt oder indirekt; und/oder</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 123.8pt; text-align: justify; text-indent: -27pt">(1)&nbsp;&nbsp;&nbsp;&#8239;&#8239;voting
power which includes the power to vote, or to direct the voting of, such security; and/or&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 119.7pt; text-align: justify; text-indent: -27pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&#8239;Einfluss
auf die Verf&uuml;gungsberechtigung an den betreffenden Aktien, sei dies direkt oder indirekt;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 123.8pt; text-align: justify; text-indent: -27pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investment
power which includes the power to dispose, or to direct the disposition of, such security.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&#8239;direkt
    oder indirekt Trusts, Vollmachten, &uuml;brige Vertretungsberechtigungen oder sonstige vertragliche Abreden errichtet oder benutzt in
    der Absicht, ihre wirtschaftliche Berechtigung an den Aktien zu &uuml;berdecken, um die einschl&auml;gigen Bestimmungen dieser Statuten
    &uuml;ber die als kontrolliert geltenden Aktien zu umgehen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
person who, directly or indirectly, creates or uses a trust, proxy, power of attorney, pooling arrangement or any other contract, arrangement,
or device with the purpose or effect of divesting such person of beneficial ownership of shares of the Company or preventing the vesting
of such beneficial ownership as part of a plan or scheme to evade the provisions of these articles of association shall be deemed to
be the beneficial owner of such shares.&nbsp;</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 92.7pt; text-align: justify; text-indent: -27pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
das Recht hat innerhalb von 60 Tagen die wirtschaftliche Berechtigung an Aktien zu erwerben, insbesondere, jedoch nicht abschliessend,
durch: (A) Aus&uuml;bung von Wandel-, Options- oder sonstigen Rechten; (B) durch die Umwandlung eines Wertpapiers; (C) durch die automatische
Aufhebung eines Trusts, eines Verm&ouml;gensverwaltungskontos oder einer &auml;hnlichen Vereinbarung; oder (D) durch Ablauf der Dauer
eines Trusts, eines Verm&ouml;gensverwaltungskontos oder einer &auml;hnlichen Vereinbarung.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">(iii)&nbsp;&nbsp;&nbsp;&nbsp;A
    person shall be deemed to be the beneficial owner of shares if that person has the right to acquire beneficial ownership of such shares
    within 60 days, including but not limited to any right to acquired: (A) through the exercise of any option, warrant or right; (B) through
    the conversion of a security; (C) pursuant to the power to revoke a trust, discretionary account, or similar arrangement; or (D) pursuant
    to the automatic termination of a trust, discretionary account or similar arrangement.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der
Verwaltungsrat hat das Recht die Bestimmungen des Artikels 14 der Statuten auszulegen und die Berechtigung von nat&uuml;rlichen und juristischen
Personen an Aktien der Gesellschaft zur Sicherstellung der Umsetzung dieser Bestimmungen festzulegen. Bei der Auslegung kann der Verwaltungsrat
Gesetze, Reglemente und &uuml;brige Bestimmungen sowie Rechtsprechung aus dem In- und Ausland beiziehen, welche Art. 14 der Statuten
 &auml;hnlich sind.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors shall have the authority to interpret the provisions of this Article 14 and to determine the ownership of shares by
any individual or entity so as to fully implement the provisions of this Article 14. In so interpreting this Article 14, the Board of
Directors may look to laws, rules, regulations and court decisions (including of countries outside of Switzerland) having language substantially
similar to this Article 14.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der
Verwaltungsrat kann in besonderen F&auml;llen Ausnahmen von den vorerw&auml;hnten Stimmrechtsbeschr&auml;nkungen gew&auml;hren.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors may in special cases allow exceptions from this limitation on voting rights.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left; text-indent: -0.75in">Artikel 15&nbsp;&nbsp;&nbsp;&nbsp;Unabh&auml;ngiger
    Stimmrechtsvertreter und weitere Vertretungsregeln</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 65.9pt; text-align: left; text-indent: -63.75pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
Generalversammlung w&auml;hlt einen unabh&auml;ngigen Stimmrechtsvertreter. Die Amtszeit endet jeweils mit Abschluss der n&auml;chsten
ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-align: left; text-indent: -70.2pt">Article 15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Independent
    Proxy and Additional Rules on Proxies</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-align: left; text-indent: -70.2pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
General Meeting shall elect an Independent Proxy. The term of office ends in each case at the end of the next ordinary General Meeting.
Re-election is permitted.</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-indent: -0.375in; padding-left: 0.375in; text-align: justify">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Jeder stimmberechtigte Aktion&auml;r kann seine Aktien durch den von ihm schriftlich oder elektronisch bevollm&auml;chtigten unabh&auml;ngigen Stimmrechtsvertreter oder durch eine andere Person in &Uuml;bereinstimmung mit Art.&nbsp;14 lit. a) vertreten lassen. Die Mitglieder des Verwaltungsrates und der Gesch&auml;ftsleitung d&uuml;rfen Aktion&auml;re vertreten, sofern es sich nicht um eine institutionalisierte Vertretung handelt. Verwahrungsstellen d&uuml;rfen Aktion&auml;re vertreten und gelten nicht als Depotvertreter (im Sinne von Art. 689d OR), sofern sie aufgrund einer schriftlichen Vollmacht und nach Massgabe von konkreten oder allgemeinen Weisungen des betreffenden Aktion&auml;rs handeln. </TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
shareholder may be represented at the General Meeting by the Independent Proxy by way of a written or electronic proxy or by another
person in accordance with Article 14(a). The members of the Board of Directors and the Executive Management are allowed to represent
shareholders provided that this does not constitute an institutionalized representation of shareholders. Custodians may represent shareholders
and shall not be deemed depositary representatives (in the sense of Art. 689d of the Swiss Code of Obligations), provided that they act
based on a written proxy and in accordance with specific or general instructions of the relevant shareholder.&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-indent: -0.375in; padding-left: 0.375in; text-align: justify; width: 48%">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der unabh&auml;ngige Stimmrechtsvertreter ist verpflichtet, die von ihm vertretenen Stimmrechte weisungsgem&auml;ss auszu&uuml;ben. Hat er keine Weisungen erhalten, so enth&auml;lt er sich der Stimme. Eine allgemeine oder konkludente Weisung, bei in der Einberufung bekanntgegebenen und/oder nicht bekanntgegebenen Antr&auml;gen jeweils im Sinne des Antrages des Verwaltungsrates zu stimmen, gilt als g&uuml;ltige Weisung zur Stimmrechtsaus&uuml;bung.</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Independent Proxy is obliged to exercise the represented voting rights in accordance with instructions. If no instructions were obtained,
it shall abstain from voting. A general or implied instruction to vote according to the proposal of the Board of Directors in respect
of proposals announced and/or not announced in the invitation shall be considered a valid instruction to exercise voting rights.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
unabh&auml;ngige Stimmrechtsvertreter kann sich an der Generalversammlung durch einen Vertreter oder eine untergeordnete Person vertreten
lassen. Der unabh&auml;ngige Stimmrechtsvertreter bleibt f&uuml;r die Erf&uuml;llung seiner Pflichten vollumf&auml;nglich verantwortlich.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    Independent Proxy may be represented at the General Meeting by a representative or a subordinate person. The Independent Proxy remains
    fully responsible for fulfilling its duties.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;F&auml;llt
der unabh&auml;ngige Stimmrechtsvertreter aus, stellt der Verwaltungsrat ihn nach den gesetzlichen Vorschriften in seiner Funktion ein,
oder hat die Gesellschaft aus anderen Gr&uuml;nden keinen handlungsf&auml;higen unabh&auml;ngigen Stimmrechtsvertreter, so ernennt der
Verwaltungsrat einen neuen unabh&auml;ngigen Stimmrechtsvertreter f&uuml;r die n&auml;chste Generalversammlung. Bisher abgegebene Vollmachten
und Stimmrechtsinstruktionen behalten ihre G&uuml;ltigkeit f&uuml;r den neuen unabh&auml;ngigen Stimmrechtsvertreter, solange ein Aktion&auml;r
nicht ausdr&uuml;cklich etwas anderes anordnet.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
    the Independent Proxy is not available anymore to hold office, if the Board of Directors lawfully suspends him from its office, or if
    the Company does not have an Independent Proxy capable of acting for other reasons, then the Board of Directors shall appoint a new Independent
    Proxy for the next General Meeting. Proxies and voting instructions that were already issued remain valid for the new Independent Proxy
    as long as a shareholder does not explicitly determine otherwise.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
Verwaltungsrat kann Verfahrensvorschriften im Zusammenhang mit der Teilnahme und Vertretung von Aktion&auml;ren an der Generalversammlung
erlassen und insbesondere die Erteilung von Weisungen an den unabh&auml;ngigen Stimmrechtsvertreter n&auml;her regeln. Er sorgt daf&uuml;r,
dass die Aktion&auml;re dem unabh&auml;ngigen Stimmrechtsvertreter auch elektronische Vollmachten und Weisungen erteilen k&ouml;nnen,
wobei er erm&auml;chtigt ist, vom Erfordernis einer qualifizierten elektronischen Signatur ganz oder teilweise abzusehen.&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors may pass procedural provisions in connection with the participation in and the representation at the General Meeting
    and in particular regulate in more detail the issuing of instructions to the Independent Proxy. It shall make sure that the shareholders
    are able to grant powers of attorneys and can issue instructions to the Independent Proxy by electronic means. In doing so, it is entitled
    to waive entirely or in part the requirement of a qualified electronic signature.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 16&nbsp;&nbsp;&nbsp;&nbsp;Beschl&uuml;sse</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Die
Generalversammlung ist beschlussf&auml;hig ohne R&uuml;cksicht auf die Zahl der anwesenden Aktion&auml;re oder der vertretenen Aktien.&nbsp;</P></TD>
    <TD STYLE="width: 4%; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resolutions</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
General Meeting may pass resolutions without regard to the number of shareholders present or shares represented.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Die
Generalversammlung fasst ihre Beschl&uuml;sse und vollzieht ihre Wahlen, soweit das Gesetz oder diese Statuten nichts anderes vorsehen,
mit der einfachen Mehrheit der abgegebenen Stimmen (wobei Enthaltungen, sog. Broker Nonvotes, leere oder ung&uuml;ltige Stimmen f&uuml;r
die Bestimmung des Mehr nicht ber&uuml;cksichtigt werden).&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise required by law or the Articles of Association, the General Meeting shall pass its resolutions and carry out its elections
with the simple majority of the votes cast (whereby abstentions, broker non-votes, blank or invalid ballots shall be disregarded for
purposes of establishing the majority).&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der
    Vorsitzende bestimmt das Abstimmungsverfahren. Erfolgen die Wahlen nicht elektronisch haben sie mittels Stimmzettel zu erfolgen, wenn
    mindestens 50 anwesende Aktion&auml;re dies per Handzeichen verlangen. Die Weisungserteilung via Internet oder Telefon kann durch den
    Vorsitzenden gestattet werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Chairman of the General Meeting shall determine the voting procedure. Provided that the voting is not done electronically, voting shall
be by ballot if more than 50 of the shareholders present so demand by a show of hands. The accord of instructions by using the internet
or the telephone can be permitted by the Chairman.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quorum</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ein Beschluss der Generalversammlung, der
mindestens zwei Drittel der vertretenen Stimmen und die absolute Mehrheit der vertretenen Aktiennennwerte auf sich vereinigt, ist erforderlich
f&uuml;r:&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quorums</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A resolution of the General Meeting passed
by at least two thirds of the represented share votes and the absolute majority of the represented shares par value is required for:</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
in Art. 704 Abs. 1 OR aufgef&uuml;hrten Gesch&auml;fte, d.h. f&uuml;r:&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
cases listed in art. 704 para. 1 CO, i.e.:&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
 &Auml;nderung des Gesellschaftszwecks;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
change of the company purpose;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
Einf&uuml;hrung von Stimmrechtsaktien;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
creation of shares with privileged voting rights;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
Beschr&auml;nkung der &Uuml;bertragbarkeit von Namenaktien;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
restriction of the transferability of registered shares;&nbsp;</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eine
genehmigte oder bedingte Kapitalerh&ouml;hung;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
increase of capital, authorized or subject to a condition;&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
Kapitalerh&ouml;hung aus Eigenkapital, gegen Sacheinlage oder zwecks Sach&uuml;bernahme und die Gew&auml;hrung von besonderen Vorteilen;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
increase of capital out of equity, against contribution in kind, or for the purpose of acquisition of assets and the granting of special
benefits;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
Einschr&auml;nkung oder Aufhebung des Bezugsrechts;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
limitation or withdrawal of pre-emptive rights;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;die
Verlegung des Sitzes der Gesellschaft;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
change of the domicile of the Company;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Fusion,
Spaltung und Umwandlung der Gesellschaft (zwingende gesetzliche Bestimmungen vorbehalten);&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
merger, de-merger or conversion of the Company (subject to mandatory law);&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Lockerung und die Aufhebung von &Uuml;bertragungsbeschr&auml;nkungen der Namenaktien;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
alleviating or withdrawal of restrictions upon the transfer of registered shares;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Umwandlung von Namenaktien in Inhaberaktien und umgekehrt;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
conversion of registered shares into bearer shares and vice versa;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;f&uuml;r
die Aufl&ouml;sung der Gesellschaft mit Liquidation;&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
dissolution of the Company followed by liquidation;&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Abberufung von Mitgliedern des Verwaltungsrates im Sinne von Art. 705 Abs. 1 OR; und&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
dismissal of the members of the Board of Directors according to art. 705 para. 1 CO; and&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    &Auml;nderung oder Aufhebung der Art. 8, 14, 15 und 16 der Statuten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
amendment or elimination of the provisions of Article 8, Article 14 and Article 15 of the Articles of Association as well as those contained
in this Article 16.&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der Verwaltungsrat</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wahl und Konstituierung</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;Der
Verwaltungsrat besteht aus wenigstens 3 und h&ouml;chstens 20 Mitgliedern. Die Amtsdauer betr&auml;gt ein Jahr, zu verstehen als Periode
ab Wahl bis zum Ende der n&auml;chsten ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election and Constitution</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors shall consist of 3 to 20 members. The term of office shall be one year, understood to be the period from the election
until the end of the next ordinary General Meeting. Re-election is possible.&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>



<!-- Field: Split-Segment; Name: SP02 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 3%; text-align: justify; font-size: 10pt">b)</TD>
    <TD STYLE="vertical-align: top; width: 45%; text-align: justify; font-size: 10pt">Die Generalversammlung w&auml;hlt aus den Mitgliedern des Verwaltungsrates den Pr&auml;sidenten des Verwaltungsrates. Die Amtsdauer betr&auml;gt
ein Jahr, zu verstehen als Periode ab Wahl bis zum Ende der n&auml;chsten ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.
Der Pr&auml;sident hat bei Stimmengleichheit keinen Stichentscheid.</TD>
    <TD STYLE="vertical-align: top; width: 4%; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; text-align: justify; font-size: 10pt">b)</TD>
    <TD STYLE="vertical-align: top; width: 45%; text-align: justify; font-size: 10pt">The General Meeting shall elect from the members of the Board of Directors the Chairman. The term of office shall be one year, understood
to be the period from the election until the end of the next ordinary General Meeting. Re-election is possible. The Chairman shall have
no casting vote.</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;</P></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">Der
    Verwaltungsrat konstituiert sich selber, sofern das Gesetz oder die Statuten nichts anderes bestimmen. Er bezeichnet einen Sekret&auml;r;
    dieser braucht nicht dem Verwaltungsrat anzugeh&ouml;ren.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)</P></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify; text-indent: 0in">The Board of Directors shall constitute itself unless provided otherwise by law or the Articles of Association. It appoints a
    Secretary who does not need to be a member of the Board of Directors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)</P></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">F&auml;llt
    der Pr&auml;sident aus oder hat die Gesellschaft aus anderen Gr&uuml;nden keinen handlungs- und funktionsf&auml;higen Pr&auml;sidenten,
    so ernennt der Verwaltungsrat eines seiner Mitglieder zum Pr&auml;sidenten bis zur n&auml;chsten ordentlichen Generalversammlung; die
    Einberufung einer Generalversammlung nach Art. 726 Abs. 2 OR bleibt vorbehalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)</P></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">If
    the Chairman is not available to continue to hold office or if the Company does not have a Chairman capable of acting and of holding office
    for other reasons, then the Board of Directors shall appoint one of its members as Chairman until the next ordinary General Meeting; the
    calling of a General Meeting in accordance with Art. 726 para. 2 CO is reserved.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 19 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zust&auml;ndigkeit und
    Delegation</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat hat die Oberleitung der Gesellschaft sowie die Aufsicht &uuml;ber die Gesch&auml;ftsleitung. Er vertritt die Gesellschaft
    gegen&uuml;ber Dritten und kann in allen Angelegenheiten Beschluss fassen, welche nicht gem&auml;ss Gesetz, Statuten oder Organisationsreglement
    einem anderen Organ zugewiesen sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ultimate Direction,
    Delegation</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    Board of Directors is entrusted with the ultimate direction of the Company as well as the supervision of the management. It represents
    the Company towards third parties and attends to all matters which are not delegated to or reserved for another corporate body of the
    Company by law, the Articles of Association or the regulations.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="text-indent: -0.5in; padding-left: 0.5in; text-align: justify">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der Verwaltungsrat kann aus seiner Mitte Aussch&uuml;ssen
bestellen oder einzelne Mitglieder bestimmen, welche mit der Vorbereitung und/oder Ausf&uuml;hrung seiner Beschl&uuml;sse oder der &Uuml;berwachung
bestimmter Gesch&auml;fte betraut sind. Der Verwaltungsrat erl&auml;sst hierzu die notwendigen organisatorischen Weisungen. Mit Ausnahme
der un&uuml;bertragbaren Befugnisse kann der Verwaltungsrat die Gesch&auml;ftsf&uuml;hrung ganz oder teilweise an ein Mitglied oder mehrere
Mitglieder des Verwaltungsrats oder an andere nat&uuml;rliche Personen, welche keine Aktion&auml;re zu sein brauchen, &uuml;bertragen.
Der Verwaltungsrat erl&auml;sst hierzu die notwendigen Organisationsreglemente und erstellt die erforderlichen Vertragsdokumente.</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: -0.5in; padding-left: 0.5in; vertical-align: top; text-align: justify">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The Board of Directors may delegate preparation
and/or implementation of its decisions and supervision of the business to committees or to individual members of the Board of Directors.
The organizational regulations will be defined by the Board of Directors. While reserving its non-transferable powers, the Board of Directors
may further delegate the management of the business or parts thereof to one or more members of the Board of Directors or other natural
persons who need not be shareholders. The Board of Directors shall record all such arrangements in a set of regulations for the Company
and set up the necessary contractual framework.&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 55%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 20 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Einzelne Befugnisse</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Der Verwaltungsrat hat folgende un&uuml;bertragbare
    und unentziehbare Befugnisse:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 44%">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duties</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board of Directors has the following non-transferable
    and inalienable duties:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;die
    Oberleitung der Gesellschaft und die Erteilung der n&ouml;tigen Weisungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;to
    ultimately oversee the Company and issue the necessary directives;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;die
    Festlegung der Organisation;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;to
    determine the organization;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Ausgestaltung des Rechnungswesens, der Finanzkontrolle sowie der Finanzplanung, sofern diese f&uuml;r die F&uuml;hrung der Gesellschaft
    notwendig ist;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;to
    organize the accounting, the financial control, as well as the financial planning;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Ernennung und Abberufung der mit der Gesch&auml;ftsf&uuml;hrung und der Vertretung betrauten Personen, sowie die Erteilung der Zeichnungsberechtigungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;to
    appoint and remove the persons entrusted with the management and representation of the Company and to grant signatory power;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Oberaufsicht &uuml;ber die mit der Gesch&auml;ftsf&uuml;hrung und der Vertretung betrauten Personen, namentlich im Hinblick auf die Befolgung
    der Gesetze, Statuten, Reglemente und Weisungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;&#8239;to
    ultimately supervise the persons entrusted with the management, in particular with respect to compliance with the law and with the Articles
    of Association, regulations and directives;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Erstellung des Gesch&auml;ftsberichtes, des Verg&uuml;tungsberichtes sowie die Vorbereitung der Generalversammlung und die Ausf&uuml;hrung
    ihrer Beschl&uuml;sse;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    prepare the business report, the compensation report as well as the General Meeting and to implement the latter&rsquo;s resolutions;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
Benachrichtigung des Richters im Falle der &Uuml;berschuldung;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
inform the judge in the event of overindebtedness;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Beschlussfassung &uuml;ber die nachtr&auml;gliche Liberierung von nicht vollst&auml;ndig liberierten Aktien;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    pass resolutions regarding the subsequent payment of capital with respect to non-fully paid-in shares;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;die
    Beschlussfassung &uuml;ber die Feststellung von Kapitalerh&ouml;hungen und die entsprechenden Statuten&auml;nderungen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    pass resolutions confirming increases in share capital and regarding the amendments to the Articles of Association entailed thereby;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&Uuml;berwachung
    der Fachkenntnisse der Spezialrevisionsstelle in den F&auml;llen, in denen das Gesetz den Einsatz einer solchen vorsieht.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;to
    examine the professional qualifications of the specially qualified Auditors in the cases in which the law foresees the use of such Auditors.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 21 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verg&uuml;tungsausschuss</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&#8239;&#8239;&#8239;Der
    Verg&uuml;tungsausschuss besteht aus mindestens 3 Mitgliedern. Die Generalversammlung w&auml;hlt aus den Mitgliedern des Verwaltungsrats
    die Mitglieder des Verg&uuml;tungsausschusses. Die Amtsdauer betr&auml;gt ein Jahr, zu verstehen als Periode ab Wahl bis zum Ende der
    n&auml;chsten ordentlichen Generalversammlung. Wiederwahl ist m&ouml;glich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation Committee</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Compensation Committee shall consist of at least 3 members. The General Meeting shall elect from the members of the Board of Directors
    the members of the Compensation Committee. The term of office is one year, understood to be the period from the election to the end of
    the next ordinary General Meeting. Re-election is possible.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&nbsp;Jedes
    Mitglied des Verg&uuml;tungsausschusses hat die anwendbaren Unabh&auml;ngigkeitsanforderungen der New York Stock Exchange zu erf&uuml;llen,
    wie sie vom Verwaltungsrat nach billigem Ermessen interpretiert werden. Zur Konkretisierung dieser Anforderungen kann der Verwaltungsrat
    kategorische Unabh&auml;ngigkeitsstandards festsetzen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
    member of the Compensation Committee shall satisfy the applicable independence requirements of the New York Stock Exchange, as such requirements
    are interpreted by the Board of Directors in its reasonable judgment. The Board of Directors may adopt categorical independence standards
    in order to specify these requirements.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&nbsp;Der
    Verg&uuml;tungsausschuss hat folgende Befugnisse und Zust&auml;ndigkeiten:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>die Festlegung und &Uuml;berwachung der Verg&uuml;tungspolitik der Gesellschaft f&uuml;r F&uuml;hrungskr&auml;fte;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>die periodische Beurteilung der Verg&uuml;tungsstruktur der Gesellschaft f&uuml;r die Mitglieder der Gesch&auml;ftsleitung und,
    wo der Verg&uuml;tungsausschuss die Aufnahme in die Beurteilung als angemessen erachtet, anderer leitender Mitarbeiter;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>die Genehmigung der Verg&uuml;tung (i) des Chief Executive Officers und (ii) des Pr&auml;sidenten des Verwaltungsrats (sofern der
    Pr&auml;sident nicht auch der Chief Executive Officer ist), und, sofern angemessen, die Empfehlung an die unabh&auml;ngigen Mitglieder
    des Verwaltungsrats, diese Verg&uuml;tung zu best&auml;tigen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>die &Uuml;berpr&uuml;fung der Empfehlungen des Chief Executive Officers betreffend die Verg&uuml;tung der anderen Mitglieder der
    Gesch&auml;ftsleitung sowie gegebenenfalls anderer leitender Mitarbeiter und die Festsetzung der angemessenen H&ouml;he der Verg&uuml;tung;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>die Empfehlung der Gesamtverg&uuml;tungen der Mitglieder der Gesch&auml;ftsleitung, die der Generalversammlung gem&auml;ss Art.
    25 zur Genehmigung vorzulegen sind, zuhanden des Verwaltungsrats;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>die &Uuml;berpr&uuml;fung und Genehmigung von Arbeitsvertr&auml;gen des Chief Executive Officers, der anderen Mitglieder der Gesch&auml;ftsleitung
    und, wo der Verg&uuml;tungsausschuss die Aufnahme in die &Uuml;berpr&uuml;fung und Genehmigung als angemessen erachtet, anderer leitender
    Mitarbeiter der Gesellschaft;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>die &Uuml;berpr&uuml;fung und Empfehlung des Inhalts des Verg&uuml;tungsberichts zuhanden des Verwaltungsrates, und die &Uuml;berpr&uuml;fung
    und Genehmigung des Berichts, welcher gem&auml;ss den Bestimmungen der U.S. Securities and Exchange Commission im j&auml;hrlichen Proxy
    Statement der Gesellschaft enthalten sein muss;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.5pt; text-align: justify; text-indent: -27pt">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>sonstige Aufgaben und Zust&auml;ndigkeiten, welche ihm die Statuten oder der Verwaltungsrat im Reglement des Verg&uuml;tungsausschusses
    oder anderweitig zuweisen.</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Compensation Committee shall have the following powers and responsibilities:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT>to establish and oversee the Company's executive compensation policies;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to periodically assess the Company&rsquo;s pay structure for the members of Executive Management and, where it deems their inclusion
in such assessment is appropriate, other senior officers;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;t</FONT>o
approve the compensation of (i) the chief executive officer and (ii) the Chairman of the Board of Directors (if the Chairman is not also
the chief executive officer), and, if appropriate, to recommend such compensation to the independent members of the Board for ratification;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>to review the chief executive officer's recommendations regarding the compensation of the other members of Executive Management
    and other senior officers (if applicable) and to determine appropriate compensation levels;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>to recommend to the Board of Directors the total aggregated amounts of compensation for the members of Executive Management to
    be submitted for approval by the General Meeting pursuant to Article 25;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>to review and approve employment agreements of the chief executive officer, the other members of Executive Management and, where
    the Compensation Committee deems their inclusion in such review and approval is appropriate, other senior officers of the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>to review and recommend to the Board of Directors the contents of the compensation report, and to review and approve the report
    required by the Rules of the U.S. Securities and Exchange Commission to be included in the Company's annual proxy statement;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>any other duties and responsibilities which are assigned to it by the Articles of Association or by the Board of Directors in its
    charter or otherwise.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 4; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; font-size: 10pt; text-indent: -29.7pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der Verg&uuml;tungsausschuss hat die Befugnis, Verg&uuml;tungsberater, unabh&auml;ngige Rechtsberater oder andere Berater beizuziehen.</TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Compensation Committee shall have the authority to retain any compensation consultant, independent legal counsel or other adviser.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; font-size: 10pt; text-indent: -29.7pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Der Verwaltungsrat bestimmt unter den Mitgliedern des Verg&uuml;tungsausschusses dessen Vorsitzenden und erl&auml;sst ein Reglement f&uuml;r den Verg&uuml;tungsausschuss. Er kann ihm zus&auml;tzliche Aufgaben zuweisen sowie die statutarischen Aufgaben und Zust&auml;ndigkeiten spezifizieren.</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors shall appoint among the members of the Compensation Committee its chairman and adopt regulations for the Compensation
    Committee. It may assign additional duties and responsibilities to it and specify the duties and responsibilities contained in the Articles
    of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; font-size: 10pt; text-indent: -29.7pt">f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ist der Verg&uuml;tungsausschuss mit weniger als 3 handlungs- und funktionsf&auml;higen Mitgliedern besetzt, so ernennt der Verwaltungsrat ad interim unter seinen Mitgliedern im entsprechenden Umfang Mitglieder des Verg&uuml;tungsausschlusses bis zur n&auml;chsten ordentlichen Generalversammlung; die Einberufung einer Generalversammlung nach Art.&nbsp;726 Abs. 2 OR bleibt vorbehalten.</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;If
    the Compensation Committee consists of less than 3 members capable of acting and holding office, then the Board of Directors shall appoint
    among its members, to the extent required, members of the Compensation Committee until the next ordinary General Meeting; the calling
    of a General Meeting in accordance with Art. 726 para. 2 CO is reserved.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">C.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;
    Revisionsstelle und Spezialrevisionsstelle</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">C.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Auditors and Special Auditor</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 22 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;Amtsdauer, Befugnisse und
    Pflichten</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 22 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;Term, Powers and Duties</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.75pt; text-align: justify; text-indent: -29.75pt">a)&nbsp;&nbsp;&nbsp;Die
    Revisionsstelle wird von der Generalversammlung gew&auml;hlt. Rechte und Pflichten der Revisionsstelle bestimmen sich nach den gesetzlichen
    Vorschriften.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Auditors shall be elected by the General Meeting and shall have the powers and duties vested in them by law.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&nbsp;&nbsp;&nbsp;Die
    Generalversammlung kann eine Spezialrevisionsstelle ernennen, welche die vom Gesetz f&uuml;r Kapitalerh&ouml;hungen mit Sacheinlage oder
    Verrechnungsliberierung verlangten Pr&uuml;fungsbest&auml;tigungen abgibt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting may appoint a special auditing firm entrusted with the examinations required by applicable law in connection with share
    capital increases against contribution in kind or set-off.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 5; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&nbsp;&nbsp;&nbsp;Die
    Amtsdauer der Revisionsstelle und (falls eingesetzt) der Spezialrevisionsstelle betr&auml;gt ein Jahr. Die Amtsdauer beginnt mit dem Tag
    der Wahl und endet mit der ersten darauffolgenden ordentlichen Generalversammlung.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    term of office of the Auditors and (if appointed) the special auditors shall be one year. The term of office shall commence on the day
    of election, and shall terminate on the first annual ordinary General Meeting following their election.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; font-size: 10pt; text-indent: -29.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">IV.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;Verg&uuml;tungen und damit im Zusammenhang stehende Bestimmungen</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">IV.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;Compensation and Related Provisions</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">Artikel
    23&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp; Verg&uuml;tungselemente</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 6pt; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 23 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;Elements of Compensation</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Die
    Mitglieder des Verwaltungsrates erhalten eine fixe Verg&uuml;tung. In besonderen F&auml;llen und nach vorg&auml;ngiger Genehmigung durch
    die Generalversammlung kann der Verwaltungsrat einen zus&auml;tzlichen Ermessensbonus erhalten. Der Verwaltungsrat oder einer seiner Aussch&uuml;sse
    kann bestimmen, dass die fixe Verg&uuml;tung aller oder einzelner Mitglieder des Verwaltungsrats teilweise oder ganz in der Form von Aktien
    ausbezahlt wird, die entweder frei handelbar oder f&uuml;r einen bestimmten Zeitraum f&uuml;r den Handel gesperrt sind. Solche Aktien
    sind zu ihrem Fair Value am Zuteilungsdatum zu bewerten, wie vom Verwaltungsrat oder Verg&uuml;tungsausschuss festgelegt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    members of the Board of Directors shall receive fixed compensation. In exceptional cases the Board of Directors may receive an additional
    discretionary bonus upon prior approval by the General Meeting. The Board of Directors or a committee thereof may determine that the fixed
    compensation of all or individual members of the Board of Directors be paid in part or in full in the form of shares that are either freely
    tradable or blocked for trading for a specific period. Such shares shall be valued at their fair value at the date of grant as determined
    by the Board of Directors or the Compensation Committee.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Mitglieder der Gesch&auml;ftsleitung erhalten eine fixe Verg&uuml;tung bestehend aus einer Grundverg&uuml;tung und gewissen weiteren Zahlungen
    und Leistungen aus dem Arbeitsverh&auml;ltnis sowie eine variable Verg&uuml;tung in bar und/oder Beteiligungsrechte gem&auml;ss Art. 24.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    members of the Executive Management shall receive fixed compensation consisting of a base salary and certain other employment payments
    and benefits, as well as variable compensation in cash and/or equity pursuant to Article 24.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Rechtseinheiten,
    die durch die Gesellschaft direkt oder indirekt kontrolliert werden, d&uuml;rfen Verg&uuml;tungen an die Mitglieder des Verwaltungsrates
    oder der Gesch&auml;ftsleitung f&uuml;r deren Dienste ausrichten, sofern solche Verg&uuml;tungen durch einen genehmigten Gesamtbetrag
    oder einen Zusatzbetrag nach Art. 25 gedeckt sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Legal
    entities which are directly or indirectly controlled by the Company may pay compensation to members of the Board of Directors or of the
    Executive Management for their services, provided that such compensation is covered by an approved aggregate amount or an additional amount
    pursuant to Article 25.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 6; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Insbesondere
    die folgenden Leistungen gelten nicht als Verg&uuml;tungen, Darlehen oder Kredite und werden nicht zu den Betr&auml;gen hinzugez&auml;hlt,
    die gem&auml;ss Art. 25 der Genehmigung durch die Generalversammlung unterliegen:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>Auslagenersatz und steuerlich abzugsf&auml;hige Spesenpauschalen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Pr&auml;mien f&uuml;r Versicherungen, die nach Beurteilung des Verg&uuml;tungsausschusses im Interesse der Gesellschaft liegen;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Geringf&uuml;gige Sachleistungen, allgemeine Mitarbeiterverg&uuml;nstigungen und andere &auml;hnliche Fringe Benefits;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -27pt">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;    </FONT>Entsch&auml;digungen, Vorsch&uuml;sse und Versicherungen gem&auml;ss Art.&nbsp;23 lit. e).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In
    particular, the following items are not deemed compensation, loans or credits and shall not be added to the amounts subject to approval
    according to Article 25:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Reimbursement of expenses and tax-deductible lump-sum expenses;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; </FONT>premiums for insurance which are in the view of the Compensation Committee entered into in the interest of the Company;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>insignificant benefits in kind, general employee benefits and other similar fringe benefits;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>indemnification, advances and insurances according to Article 23(e).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 7; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Soweit
    es das Gesetz zul&auml;sst, werden die gegenw&auml;rtigen und fr&uuml;heren Mitglieder des Verwaltungsrates sowie der Gesch&auml;ftsleitung
    aus dem Gesellschaftsverm&ouml;gen schadlos gehalten f&uuml;r Forderungen, Kosten, Verluste, Sch&auml;den, Bussen, und sonstige Auslagen,
    welche ihnen im Zusammenhang mit ihrer T&auml;tigkeit f&uuml;r die Gesellschaft entstanden sind bzw. gegen diese erhoben worden sind oder
    m&ouml;glicherweise entstehen bzw. gegen diese erhoben werden, es sei denn, ein rechtskr&auml;ftiger Entscheid eines Gerichts oder einer
    anderen Beh&ouml;rde stelle fest, dass die betreffende Person die obgenannten Auslagen und Verpflichtungen aufgrund einer vors&auml;tzlichen
    oder grobfahrl&auml;ssigen Pflichtverletzung verursacht hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -0.7pt">Unabh&auml;ngig
    von vorstehender Bestimmung schiesst die Gesellschaft den Mitgliedern des Verwaltungsrats sowie der Gesch&auml;ftsleitung die im Zusammenhang
    mit oben erw&auml;hnten Angelegenheiten entstehenden Gerichts- und Anwaltskosten vor. Ausgenommen sind jene F&auml;lle, in denen die Gesellschaft
    selbst gegen die betreffenden Personen vorgeht. Die Gesellschaft kann die aufgewendeten Auslagen zur&uuml;ckfordern, wenn ein Gericht
    oder eine andere zust&auml;ndige Beh&ouml;rde rechtskr&auml;ftig feststellt, dass die betreffende Person gegen&uuml;ber der Gesellschaft
    eine Pflichtverletzung begangen hat.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: 0pt">Die Gesellschaft
    kann Versicherungen gegen jegliche Haftung, die gegen die Mitglieder des Verwaltungsrates und die leitenden Angestellten in ihrer Eigenschaft
    als solche geltend gemacht wird, abschliessen und aufrechterhalten.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company shall indemnify and hold harmless, to the fullest extent permitted by law, each of the current and former members of the Board
    of Directors and officers out of the assets of the Company from and against all actions, costs, charges, losses, damages and expenses
    which they or any of them have incurred or sustained or may incur or sustain by or by reason of any act done, concurred in or omitted
    in or about the execution of their duty, or supposed duty on behalf of the Company; provided that this indemnity shall not extend to any
    matter in which any of said persons is found, in a final judgement or decree not subject to appeal, to have committed fraud or dishonesty.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify">Without limiting the foregoing paragraph,
    the Company shall advance court costs and attorney's fees to such current and former members of the Board of Directors and officers, except
    in cases where the Company itself is plaintiff. The Company may however recover such advanced cost if a court or another competent authority
    holds that the member of the Board of Directors or the officer in question has breached its duties to the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify">The Company may purchase and maintain
    insurance against any liability asserted against the members of the Board of Directors and officers in their capacity as such.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 29.7pt; text-align: justify; font-size: 10pt; text-indent: -29.7pt">f) Im Rahmen
    dieses Abschnitts IV umfasst der Begriff &quot;Gesch&auml;ftsleitung&quot; auch jedes Mitglied des Verwaltungsrats, welches
    gleichzeitig ein Mitglied der Gesch&auml;ftsleitung ist (Delegierte des Verwaltungsrats).</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Within
    this section IV, the term &quot;Executive Management&quot; shall also encompass any member of the board of directors who is a member of
    the Executive Management at the same time (Managing Director).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt"><B>Artikel 24&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    Anreiz- und Beteiligungspl&auml;ne</B></TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 33.85pt; text-align: justify; font-size: 10pt; text-indent: -33.85pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 12pt; padding-left: 33.85pt; text-align: justify; font-size: 10pt; text-indent: -33.85pt"><B>Article 24
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;Incentive and Equity Plans</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
    Verg&uuml;tungen, die Mitgliedern der Gesch&auml;ftsleitung im Zusammenhang mit einem bestimmten Jahr bezahlt oder gew&auml;hrt werden,
    k&ouml;nnen aus einem Bonus in bar gem&auml;ss Art. 24 lit. c) und aus Zuteilungen von Beteiligungsrechten (aktienbasierten Awards) mit
    langfristiger Anreizwirkung gem&auml;ss Art.&nbsp;24 lit. d) bestehen, zuz&uuml;glich gegebenenfalls Beitr&auml;gen des Arbeitsgebers
    f&uuml;r die Pensionskasse und Sozialversicherungen. In besonderen F&auml;llen und nach vorg&auml;ngiger Genehmigung durch die Generalversammlung
    k&ouml;nnen die Mitglieder der Gesch&auml;ftsleitung einen zus&auml;tzlichen Ermessensbonus erhalten. Des Weiteren kann der Verwaltungsrat
    oder der Verg&uuml;tungsausschuss bestimmen, dass die Mitglieder der Gesch&auml;ftsleitung berechtigt sind, am Mitarbeiterbeteiligungsplan
    der Gesellschaft teilzunehmen, welcher von der Generalversammlung mittels konsultativem oder bindendem Beschluss, wie nach anwendbarem
    Recht (inklusive den US-Wertschriftengesetzen) verlangt, genehmigt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
    compensation paid or granted to the members of the Executive Management in relation to a certain year may consist of a cash bonus pursuant
    to Article 24(c) and long-term incentive equity awards pursuant to Article 24(d), plus, if applicable, social security and pension plan
    contributions on the part of the employer. In exceptional cases the members of the Executive Management may receive an additional discretionary
    bonus upon prior approval by the General Meeting. Furthermore, the Board of Directors or the Compensation Committee may determine that
    the members of Executive Management are eligible to participate in the Company&rsquo;s employee share purchase plan that has been approved
    by the General Meeting by a binding or advisory vote as required by applicable law (including U.S. securities laws).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
    Verg&uuml;tungen beruhen auf Performancekriterien, welche die Performance der Gesellschaft und der Gruppe und/oder von deren Gesch&auml;ftseinheiten
    und/oder individuelle Zielen ber&uuml;cksichtigen. Der Verwaltungsrat oder der Verg&uuml;tungsausschuss setzen Performancekriterien, Zielwerte
    und deren Erreichung fest (wobei die Bestimmung von individuellen Zielen und deren Erreichung in Bezug auf jedes andere Mitglied der Gesch&auml;ftsleitung
    an den Chief Executive Officer delegiert werden kann). Wenn der Verwaltungsrat oder der Verg&uuml;tungsausschuss es als zweckm&auml;ssig
    erachtet, kann er auch Zuteilungen mit langfristiger Anreizwirkung gew&auml;hren, welche unabh&auml;ngig von der Erreichung von Zielen
    in der Vergangenheit an die zuk&uuml;nftige Performance gekn&uuml;pft sind.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Variable
    compensation shall be based on performance criteria that take into account the performance of the Company and the group and/or operating
    units thereof, and/or individual targets. The Board of Directors or the Compensation Committee determines performance criteria, target
    levels, and their achievement (it being understood that the determination of individual targets and their achievement may be delegated
    to the chief executive officer in respect to any other member of Executive Management). If deemed appropriate, the Board of Directors
    or Compensation Committee may also grant long-term incentive awards that are linked to future performance independently from the achievement
    of targets in the past.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Bonus in bar wird unter Anwendung der obengenannten Kriterien und Rahmenbedingungen basierend auf Leistungen ausbezahlt, die grunds&auml;tzlich
    unter Zugrundelegung des einj&auml;hrigen Zeitraums gemessen werden, auf den sich der Bonus in bar bezieht.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    cash bonus is paid out based on achievements which are generally measured based on the one-year period to which the cash bonus relates,
    applying the above criteria and framework.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Umfang der Zuteilungen von Beteiligungsrechten (aktienbasierten Awards) mit langfristiger Anreizwirkung (long-term incentive) wird durch
    den Verwaltungsrat oder den Verg&uuml;tungsausschuss festgelegt. Er kann aus Aktienoptionen, Aktien mit Ver&auml;usserungssperre, Performance-Aktien
    und sonstigen Beteiligungsinstrumenten bestehen, die gem&auml;ss einem Beteiligungsplan zul&auml;ssig sind, welcher von der Generalversammlung
    mittels konsultativem oder bindendem Beschluss, wie vom anwendbaren Recht (inklusive den US-Wertschriftengesetzen) verlangt, genehmigt
    wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;The amount of
    long-term incentive equity awards granted shall be determined by the Board of Directors or the Compensation Committee and may
    consist of stock options, restricted stock, performance shares or any other equity instruments permitted by an equity plan that has
    been approved by the General Meeting by a binding or advisory vote as required by applicable law (including U.S. securities
    laws).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Zuteilungen
    von Beteiligungsrechten (aktienbasierte Awards) stellen grunds&auml;tzlich Verg&uuml;tungen im Jahr dar, in der gegebenenfalls die Performance
    zum Zwecke der Festlegung des Umfangs der Zuteilung gemessen wurde (d.h. wenn eine Zuteilung im Zusammenhang mit der Beurteilung der Performance
    im Vorjahr erfolgt, stellt diese Zuteilung Verg&uuml;tung in Bezug auf dieses Vorjahr dar), oder andernfalls Verg&uuml;tungen am Tag der
    Zuteilung dar. Sie sind grunds&auml;tzlich zu ihrem Fair Value am Zuteilungsdatum zu bewerten, wie vom Verwaltungsrat oder Verg&uuml;tungsausschuss
    festgelegt. Wenn der Verwaltungsrat oder der Verg&uuml;tungsausschuss es unter den gegebenen Umst&auml;nden als angemessen erachtet, kann
    er bestimmen, dass eine Zuteilung oder ein Teil einer Zuteilung eine Verg&uuml;tung in einem anderen Jahr darstellt und an einem anderen
    Datum bewertet wird (soweit dies nach anwendbarem Recht, inklusive den US-Wertschriftengesetzen, zul&auml;ssig ist).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
    equity awards generally constitute compensation for the year during which performance was measured in order to determine the size of the
    award, if applicable (i.e., if an award is granted in connection with review of prior-year performance, then such award shall constitute
    compensation with respect to such prior year), and otherwise at the date of grant. They shall be generally valued at their fair value
    at the date of grant as determined by the Board of Directors or the Compensation Committee. If the Board of Directors or the Compensation
    Committee deems it reasonable under the circumstances, it may determine that all or part of an award shall constitute variable compensation
    in a different year and be valued at a different date (to extent permitted by applicable law, including U.S. securities laws).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 9; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat oder der Verg&uuml;tungsausschuss ist autorisiert, die n&auml;heren Vorschriften und Bedingungen von variablen Verg&uuml;tungen
    zu spezifizieren, sei dies in Bonus- und Beteiligungspl&auml;nen, Arbeits- oder Zuteilungsvertr&auml;gen oder anderweitig. Sie bestimmen
    die Bedingungen der Gew&auml;hrung, der Unverfallbarkeit (Vesting), der Sperrung, der Aus&uuml;bung und des Verfalls von aktienbasierten
    Awards und k&ouml;nnen Mechanismen zur Anpassung oder R&uuml;ckforderung von variablen Verg&uuml;tungen vorsehen. Sie k&ouml;nnen insbesondere
    vorsehen, dass gewisse variable Verg&uuml;tungen oder deren &Auml;quivalent in bar w&auml;hrend einer Freistellung ausbezahlt oder gew&auml;hrt
    werden (wobei in diesem Fall die Ausrichtung auf dem im letzten Jahr bzw. in den letzten Jahren ausgerichteten durchschnittlichen Bonus
    bzw. Incentive oder dem Zielbonus bzw. -incentive basieren kann) und dass aktienbasierte Awards (i) im Falle eines Kontrollwechsels betreffend
    die Gesellschaft und (ii) im Falle der Beendigung der Anstellung eines Mitgliedes der Gesch&auml;ftsleitung unverfallbar werden (vesten)
    und Sperrfristen aufgehoben werden.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors or the Compensation Committee is authorized to specify any further terms and conditions of variable compensation, be
    it in bonus and equity incentive plans, employment or award agreements or otherwise. They shall determine grant, vesting, blocking, exercise
    and forfeiture conditions of any equity awards and may provide for mechanisms for adjustment or clawback of variable compensation. In
    particular, they may provide that certain variable compensation or their cash equivalent is paid or granted during garden leave (in which
    case the payout may be based on the average bonus or incentive paid in the last year(s) or on the target bonus or incentive), and that
    equity awards will vest and any blocking periods will be waived (i) in the event of a change in control regarding the Company and (ii)
    in the event of termination of employment of a member of the Executive Management.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 10; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Der
    Verwaltungsrat oder der Verg&uuml;tungsausschuss ist daf&uuml;r verantwortlich, f&uuml;r jedes Mitglied der Gesch&auml;ftsleitung das
    proportionale Verh&auml;ltnis der j&auml;hrlichen Grundverg&uuml;tung und der Komponenten der variablen Verg&uuml;tung zu bestimmen. Dies
    erfolgt unter Ber&uuml;cksichtigung der vorstehend umschriebenen Performancekriterien und individuellen Ziele und des proportionalen Verh&auml;ltnisses
    der Verg&uuml;tungsstruktur in vergleichbaren Unternehmen, welche den Aktion&auml;ren auf j&auml;hrlicher Basis mitgeteilt und ver&ouml;ffentlicht
    werden (wobei der Verwaltungsrat oder der Verg&uuml;tungsausschuss jedoch von der Norm oder den Praktiken anderer Gesellschaften abweichen
    kann, wenn er es f&uuml;r Zwecke des Gesch&auml;fts, der Rekrutierung oder der Mitarbeiterbindung f&uuml;r angemessen h&auml;lt). In &Uuml;bereinstimmung
    mit, und unter Vorbehalt von, Art.&nbsp;25 der Statuten darf die gesamte Verg&uuml;tung (einschlie&szlig;lich der festen und variablen
    Verg&uuml;tung), welche allen Mitgliedern der Gesch&auml;ftsleitung in Bezug auf ein Kalenderjahr ausgerichtet wird, in keinem Fall den
    Gesamtbetrag &uuml;bersteigen, welcher vorg&auml;ngig durch die Generalversammlung f&uuml;r die Verg&uuml;tung der Gesch&auml;ftsleitung
    f&uuml;r dieses Kalenderjahr genehmigt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Board of Directors or the Compensation Committee shall be responsible for determining for each member of Executive Management the proportional
    balance of base annual salary and the components of variable compensation, following consideration of the performance criteria and individual
    targets described above, and the proportional balance of compensation structures at peer group companies that shall be published and disclosed
    to shareholders on an annual basis (provided the Board of Directors or Compensation Committee may deviate from the norm or other companies&rsquo;
    practices if it deems appropriate for business, recruitment or retention purposes). In accordance with, and subject to, Article 25 below,
    in no event shall the aggregate compensation (including fixed and variable compensation) paid with respect to any calendar year to all
    members of Executive Management exceed the total aggregate amount previously approved by the General Meeting for the compensation of the
    Executive Management for such calendar year.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 25 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Genehmigung von
    Verg&uuml;tungen</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    ordentliche Generalversammlung genehmigt jedes Jahr je den maximalen Gesamtbetrag:</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 25 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Approval of Compensation</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
    year the ordinary General Meeting shall approve separately the maximum aggregate amount each of:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">1.&#9;der Verg&uuml;tungen f&uuml;r den Verwaltungsrat bis zur n&auml;chsten ordentlichen Generalversammlung; und</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    compensation of the Board of Directors until the next ordinary general meeting; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">2.&#9;der Verg&uuml;tungen f&uuml;r die Gesch&auml;ftsleitung f&uuml;r das n&auml;chste Kalenderjahr.</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
    compensation of the Executive Management for the next calendar year.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Genehmigt
    die Generalversammlung einen Gesamtbetrag nach Art. 25 lit. a) nicht, so ber&uuml;cksichtigt der Verwaltungsrat die Ergebnisse der Abstimmung,
    andere Aktion&auml;rsr&uuml;ckmeldungen sowie weitere Aspekte nach eigenem Ermessen und er kann anschliessend an einer nachfolgenden (ordentlichen
    oder ausserordentlichen) Generalversammlung einen neuen Antrag f&uuml;r einen solchen Gesamtbetrag stellen, und die Gesellschaft darf
    Verg&uuml;tungen unter Vorbehalt der nachtr&auml;glichen Genehmigung durch die Generalversammlung ausrichten. Der Verwaltungsrat darf
    auch Genehmigungsantr&auml;ge aufteilen, indem er Antr&auml;ge in Bezug auf einzelne Verg&uuml;tungselemente, k&uuml;rzere Zeitperioden
    oder einen engeren Personenkreis stellt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
    the General Meeting does not approve an aggregate amount pursuant to Article 25(a), the Board of Directors shall consider the results
    of the vote, other shareholder feedback and other matters in its discretion and it may thereafter submit a new proposal for such aggregate
    amount at a subsequent (extraordinary or ordinary) General Meeting, and the Company may pay compensation subject to the subsequent approval.
    The Board of Directors may also split proposals for approval by submitting proposals in respect to particular elements of compensation,
    shorter periods of time, or a more limited group of persons.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Generalversammlung kann jederzeit eine nachtr&auml;gliche Erh&ouml;hung eines genehmigten Gesamtbetrags oder zus&auml;tzliche Betr&auml;ge
    f&uuml;r gewisse Verg&uuml;tungselemente genehmigen. Sie kann insbesondere einen m&ouml;glichen ausserordentlichen Bonus genehmigen, der
    auszurichten ist: (i) an den Verwaltungsrat in bar oder Aktien f&uuml;r in einer vorangehenden Periode geleistete ausserordentliche und
    zus&auml;tzliche Arbeit, oder (ii) an die Gesch&auml;ftsleitung f&uuml;r die Leistung im vorherigen Kalenderjahr ausserhalb und zus&auml;tzlich
    zu einem Bonus, der im Rahmen von Art. 25 lit. a) Ziff. 2 der Statuten ausgerichtet wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting may at any time approve a subsequent increase of an approved aggregate amount or approve additional amounts for certain
    elements of compensation. In particular, it may approve a possible extraordinary bonus payable (i) to the Board of Directors in cash or
    shares for extraordinary and additional work performed in a preceding period or (ii) to the Executive Management for the performance in
    the prior calendar year outside of and in addition to any bonus paid within the scope of Article 25(a)(2) above.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 11; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft ist berechtigt, eine Verg&uuml;tung (einschlie&szlig;lich Entsch&auml;digung f&uuml;r den Verlust von Verg&uuml;tung oder
    f&uuml;r finanzielle Nachteile im Zusammenhang mit dem Arbeitswechsel) an solche Mitglieder der Gesch&auml;ftsleitung zu bezahlen, die
    nach dem relevanten Genehmigungsbeschluss der Generalversammlung (i) in die Gesch&auml;ftsleitung eintreten oder (ii) innerhalb der Gesch&auml;ftsleitung
    zum Chief Executive Officer bef&ouml;rdert werden; dies selbst dann, wenn der durch die Generalversammlung bereits genehmigte Betrag nicht
    ausreichend ist. Diese Zusatzbetr&auml;ge m&uuml;ssen nicht durch die Generalversammlung genehmigt werden, sofern ihre Summe in jeder
    einzelnen relevanten Zeitspanne 40% des genehmigten maximalen Gesamtbetrags (vollst&auml;ndig, nicht pro rata temporis) der Verg&uuml;tung
    f&uuml;r die Mitglieder der Gesch&auml;ftsleitung f&uuml;r diesselbe Zeitspanne nicht &uuml;berschreitet, f&uuml;r welche die Genehmigung
    durch die Generalversammlung bereits erteilt wurde.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company is authorized to pay compensation (including indemnification for loss of compensation or for financial disadvantages in connection
    with the change of employment) to such members of the Executive Management who after the relevant approval resolution by the General Meeting
    (i) join the Executive Management or (ii) are promoted within the Executive Management to Chief Executive Officer, even if the total amount
    already approved by the General Meeting is not sufficient. These supplementary amounts do not need to be approved by the General Meeting,
    provided that their sum in each single relevant period of time does not exceed 40% of the approved maximum aggregate amount (in full not
    pro rata temporis) of the compensation of the members of the Executive Management for the same period of time for which approval by the
    General Meeting has already be obtained.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Eine
    &Uuml;berschreitung der genehmigten maximalen Gesamtbetr&auml;ge aufgrund von Wechselkursschwankungen ist unbeachtlich.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
    excess of the approved maximum aggregate amounts due to exchange rate fluctuations shall be disregarded.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 26 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Zul&auml;ssige zus&auml;tzliche
    T&auml;tigkeiten</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ein
    Mitglied des Verwaltungsrats darf nicht mehr als die folgende Anzahl zus&auml;tzlicher Mandate (wie nachstehend definiert) halten:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 26 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Permitted Additional
    Activities</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
    member of the Board of Directors shall hold no more than the following numbers of additional mandates (as defined below):</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">1.&#9;bis zu 4 Mandate in b&ouml;rsenkotierten Unternehmen;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;up
    to 4 mandates in publicly-traded companies;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">2.&#9;bis zu 10 Mandate in nichtkotierten Unternehmen;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;up
    to 10 mandates in privately-held companies; and</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">3.&#9;bis zu 10 Mandate in Stiftungen, Vereinen, wohlt&auml;tigen Organisationen und anderen Rechtseinheiten.</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 60.8pt; text-align: justify; font-size: 10pt; text-indent: -27pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;up
    to 10 mandates in foundations, associations, charitable organizations and other entities.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60.8pt; text-align: justify; text-indent: -27pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Begrenzungen in Art. 26 lit. a) der Statuten gelangen auch f&uuml;r Mitglieder der Gesch&auml;ftsleitung zur Anwendung, wobei die maximale
    Anzahl zus&auml;tzlicher Mandate in b&ouml;rsenkotierten Unternehmen (Ziff. 1 vorstehend) jedoch bei 2 liegt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    limitations set forth in Article 26(a) above shall also apply to members of the Executive Management provided, however, that the maximum
    number of additional mandates in publicly-traded companies (no. 1 above) shall be 2.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 12; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mandate,
    die in verschiedenen Rechtseinheiten ein und desselben Konzerns oder auf Anordnung der Gesellschaft oder einer anderen Rechtseinheit gem&auml;ss
    Art. 26 lit. a) der Statuten gehalten werden (einschliesslich in Vorsorgeeinrichtungen und Gemeinschaftsunternehmen), z&auml;hlen nicht
    als separate Mandate. Eine kurzfristige &Uuml;berschreitung der in diesem Artikel geregelten Begrenzungen ist zul&auml;ssig.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mandates
    held in different legal entities of the same group or by order of the Company or of another legal entity pursuant to Article 26(a) above
    (including in pension funds and joint ventures) shall not count as separate mandates. It is admissible to exceed the limitations set forth
    in this Article for a short period of time.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Ein
    &quot;Mandat&quot; im Sinne dieses Artikels ist ein Mandat in den obersten Leitungs- oder Verwaltungsorganen von Rechtseinheiten, die
    verpflichtet sind, sich ins Handelsregister oder in ein entsprechendes ausl&auml;ndisches Register eintragen zu lassen, mit Ausnahme der
    Gesellschaft und Rechtseinheiten, die durch die Gesellschaft kontrolliert werden oder diese kontrollieren.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
    &quot;mandate&quot; within the meaning of this Article shall mean a mandate in superior governing or administrative bodies of legal entities
    that are obliged to register themselves in the commercial registry or any comparable foreign register except for the Company and any entity
    controlled by, or controlling, the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin: 0">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt"></P>

<!-- Field: Page; Sequence: 13; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 55%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; width: 44%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 73pt; font-weight: bold; text-indent: -73pt; text-align: left; font-size: 10pt">Artikel
    27 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Vereinbarungen mit der Gesch&auml;ftsleitung und dem Verwaltungsrat</TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 72.1pt; font-weight: bold; text-indent: -72.1pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72.1pt; text-align: left; text-indent: -72.1pt">Article
    27 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Agreements with Executive Management and the Board of Directors</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72.1pt; text-align: left; text-indent: -72.1pt">&nbsp;</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Arbeits-
    und Dienstleistungsvertr&auml;ge mit Mitgliedern der Gesch&auml;ftsleitung und, falls anwendbar, mit Mitgliedern des Verwaltungsrates
    sind in der Regel unbefristet und k&ouml;nnen eine K&uuml;ndigungsfrist von bis zu 12 Monaten vorsehen. Falls der Verwaltungsrat oder
    einer seiner Aussch&uuml;sse zum Schluss gelangt, dass eine befristete Vertragsdauer angemessen ist, so &uuml;bersteigt diese nicht 12
    Monate.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft kann mit Mitgliedern der Gesch&auml;ftsleitung entsch&auml;digte Konkurrenzverbote f&uuml;r eine Dauer von bis zu 2 Jahren
    nach der Beendigung des Arbeitsverh&auml;ltnisses vereinbaren. Die Entsch&auml;digung, die pro Jahr des Konkurrenzverbots zu entrichten
    ist, betr&auml;gt maximal die Summe (i) der letzten j&auml;hrlichen Grundverg&uuml;tung des Mitglieds, (ii) des Durchschnitts der letzten
    drei tats&auml;chlichen Jahresboni des Mitglieds, und (iii) der Pr&auml;mienzahlungen f&uuml;r Kranken- und/oder Zahnversicherung basierend
    auf der Wahl des Mitglieds zur Zeit der Beendigung des Arbeitsverh&auml;ltnisses. Zudem kann die Gesellschaft die Ausrichtung bestimmter
    Verg&uuml;tungselemente, die mit in der Vergangenheit erbrachten Leistungen eines Mitglieds im Zusammenhang stehen, vom Abschluss und
    der Einhaltung eines Konkurrenzverbots abh&auml;ngig machen, so insbesondere (i) die Ausrichtung eines pro rata Bonusbetrags f&uuml;r
    das Jahr, in welchem das Arbeitsverh&auml;ltnis mit dem Mitglied beendet wurde, basierend auf der Arbeitsdauer in diesem Jahr und dem
    Durchschnitt der letzten drei tats&auml;chlichen Jahresboni des Mitglieds, und (ii) das fortgesetzte Vesting von aktienbasierten Awards,
    die ab dem Zeitpunkt der Beendigung des Arbeitsverh&auml;ltnisses nicht gevestet (unverfallbar) sind, sowie, falls anwendbar, die fortgesetzte
    M&ouml;glichkeit, bestimmte aktienbasierte Awards (wie Optionen) auszu&uuml;ben, beides gleich wie w&auml;hrend dem Arbeitsverh&auml;ltnis.
    Wenn jedoch bis zur Beendigung gem&auml;ss Art. 27 lit. a) eine Freistellung gew&auml;hrt wurde, wird der maximale Zeitraum von 2 Jahren
    (oder die maximale Entsch&auml;digung, die gest&uuml;tzt auf diesen Zeitraum berechnet wird) f&uuml;r ein entsch&auml;digtes Konkurrenzverbot
    entsprechend reduziert.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
    employment or service agreements of the members of the Executive Management and, if applicable, with members of the Board of Directors
    are as a general rule without fixed term and may provide for notice periods of up to 12 months. If the Board of Directors or any of its
    Committees comes to the conclusion that a fixed term is appropriate, the fixed term shall not exceed 12 months.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company may enter into compensated non-competition agreements with members of the Executive Management with a duration of up to 2 years
    after termination of the employment. The compensation payable for each year of the non-compete obligation shall not exceed the sum of
    (i) the last annual base salary of the member, (ii) the average of the member&rsquo;s last three actual annual bonuses, and (iii) health
    and/or dental premium payments based upon the member&rsquo;s elections in effect as of the termination. Furthermore, the Company may condition
    the payment of certain compensation items related to a member's past services on the entering into and compliance with a non-competition
    agreement, including without limitation the payment of (i) a pro rata bonus amount for the year in which the member is terminated based
    upon time worked during such year and the average of the member&rsquo;s last 3 actual annual bonuses and (ii) continued vesting of the
    member&rsquo;s equity awards that are unvested as of the date of termination and, if applicable, continued ability to exercise the member's
    equity awards (such as options), each as during employment. If, however, any garden leave was granted until termination under Article
    27(a), then the maximum period of 2 years (or the maximum compensation that is calculated based on such period) for any compensated non-compete
    agreement shall be reduced accordingly.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 73pt; text-align: left; text-indent: -73pt">Artikel 28
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;&nbsp;Vorsorgeleistungen</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 73pt; text-align: left; text-indent: -73pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft kann eine oder mehrere unabh&auml;ngige Vorsorgeeinrichtungen f&uuml;r die berufliche Vorsorge errichten oder sich solchen
    anschliessen. Arbeitgeberseitige Beitr&auml;ge an solche Vorsorgeeinrichtungen, nicht aber die von solchen Vorsorgeeinrichtungen ausgerichteten
    reglementarischen Leistungen, gelten als Bestandteil der Verg&uuml;tung. Aufgrund anwendbarer Regelungen (inklusive unter qualifizierten
    und nichtqualifizierten beitragsorientierten Pl&auml;nen) f&uuml;r die berufliche Vorsorge direkt vom Arbeitgeber ge&auml;ufnete bzw.
    ausgerichtete Vorsorgeleistungen werden gleich behandelt wie Beitr&auml;ge an und Leistungen von Vorsorgeeinrichtungen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 28 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;Retirement Benefits</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    Company may establish one or more independent pension funds for occupational pension benefits or may join such funds. Contributions to
    such pension funds on the part of the employer, but not benefits which are paid out by such pension funds, are deemed part of the compensation.
    Retirement benefits accumulated or paid directly by the employer based on applicable regulations on occupational pension benefits (including
    under qualified and non-qualified defined contribution plans) are treated the same way as contributions to and benefits by pension funds.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 14; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Gesellschaft und ihre Tochtergesellschaften k&ouml;nnen Mitgliedern der Gesch&auml;ftsleitung anstelle oder zus&auml;tzlich zu den Leistungen
    nach Art. 28 lit. a) direkt Vorsorgeleistungen (wie Renten, Kauf von Krankenversicherungen und dgl.) ausserhalb der beruflichen Vorsorge
    in Aussicht stellen und nach ihrem Ausscheiden ausbezahlen. Solche Renten sollen pro Jahr die letzte an dieses Mitglied ausbezahlte j&auml;hrliche
    Grundverg&uuml;tung nicht &uuml;bersteigen. Bei Kapitalabfindungen wird der Wert einer Vorsorgeleistung aufgrund anerkannter versicherungsmathematischer
    Methoden ermittelt. Die Zahlung von &Uuml;berbr&uuml;ckungs- bzw. Zwischenleistungen zwischen Fr&uuml;hpensionierung und regul&auml;rem
    Rentenalter ist m&ouml;glich. Zudem k&ouml;nnen die Mitglieder der Gesch&auml;ftsleitung an den von der Gesellschaft unterhaltenen Krankenversicherungsprogrammen
    teilnehmen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Instead
    or in addition to benefits pursuant to Article 28(a), the Company and its subsidiaries may directly offer retirement benefits (such as
    pensions, purchase of health care insurances etc.) outside of the scope of occupational pension benefit regulations to members of the
    Executive Management and may pay them out after retirement. Such retirement benefits shall not exceed the last paid out annual base salary
    of the respective member per year. In the case of lump-sum settlements, the value of a pension shall be determined based on recognized
    actuarial methods. The payment of bridge or interim annuities between early retirement and the regular retirement age is possible. In
    addition, the members of the Executive Management may participate in the health plans maintained by the Company.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; padding-left: 63pt; font-weight: bold; text-indent: -63pt; text-align: left; font-size: 10pt">Artikel
    29 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Rechtsnatur</TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 63pt; font-weight: bold; text-indent: -63pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: left; text-indent: -63pt">Article 29
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Legal Nature</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63pt; text-align: left; text-indent: -63pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-size: 10pt">Die Bestimmungen dieses Abschnitts sind gesellschaftsrechtlicher Natur und begr&uuml;nden keine individuellen Leistungsanspr&uuml;che.</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The provisions of this section are of a company-law
    nature and do not create individual claims for benefits.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">IV.a
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Sacheinlagen</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">IV.a
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Contribution in kind</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 29a &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;Sacheinlagen</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Im Zusammenhang mit der Kapitalerh&ouml;hung vom
    14. Januar 2016 sowie zwecks Fusion der William Investment Holding Corporation, New Jersey, USA, einer indirekten Tochtergesellschaft
    der Gesellschaft, mit The Chubb Corporation, New Jersey, USA, erwirbt die Gesellschaft von ACE Group Holdings, Inc., New York, USA, f&uuml;nf
    Schuldverschreibungen der ACE Group Holdings, Inc., New York, USA, in H&ouml;he von USD 3'000'000'000, USD 3'000'000'000, USD 1'500'000'000,
    USD 2'500'000'000 und USD 4'031'886'985.68 sowie von ACE INA Holdings Inc., Pennsylvania, USA, eine Schuldverschreibung der ACE INA Holdings
    Inc., Pennsylvania, USA, in H&ouml;he von USD 1'007'971'736.46 zu einem Gesamtwert von CHF 15'072'946'411.33. Im Gegenzug hat die Gesellschaft
    127'772'962 Namenaktien der Gesellschaft mit einem Nennwert von CHF 24.15 an ACE Group Holdings, Inc., New York, USA, und 9'178'490 Namenaktien
    der Gesellschaft mit einem Nennwert von CHF 24.15 an ACE INA Holdings Inc., Pennsylvania, USA, ausgegeben.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 29a &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Contribution in kind</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the capital increase dated
    14 January 2016 and for the purpose of the merger of William Investment Holding Corporation, New Jersey, USA, an indirect subsidiary of
    the Company with The Chubb Corporation, New Jersey, USA, the Company acquires from ACE Group Holdings, Inc., New York, USA, five notes
    of ACE Group Holdings, Inc., New York, USA in the amount of USD 3,000,000,000, USD 3,000,000,000, USD&nbsp;1,500,000,000, USD 2,500,000,000,
    and USD 4,031,886,985.68, respectively, and from ACE INA Holdings Inc., Pennsylvania, USA, one note of ACE INA Holdings Inc., Pennsylvania,
    USA, in the amount of USD 1,007,971,736.46 at a total value of CHF 15,072,946,411.33. In return, the Company has issued 127,772,962 registered
    shares in the Company with a par value of CHF 24.15 each to ACE Group Holdings, Inc., New York, USA, and 9,178,490 registered shares in
    the Company with a par value of CHF 24.15 each to ACE INA Holdings Inc., Pennsylvania, USA.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 15; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">V.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;Liquidation</TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">V.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Liquidation</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 30 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Aufl&ouml;sung und
    Liquidation</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Generalversammlung kann jederzeit in &Uuml;bereinstimmung mit den gesetzlichen und statutarischen Bestimmungen die Aufl&ouml;sung und
    die Liquidation der Gesellschaft beschliessen.</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 30 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;&nbsp;Dissolution and Liquidation</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.75pt; text-align: justify; text-indent: -33.75pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    General Meeting may at any time resolve the dissolution and liquidation of the Company in accordance with the provisions of the law and
    of the Articles of Association.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.75pt; text-align: justify; text-indent: -33.75pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Liquidation wird durch den Verwaltungsrat besorgt, sofern sie nicht durch einen Beschluss der Generalversammlung anderen Personen &uuml;bertragen
    wird.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    liquidation shall be carried out by the Board of Directors to the extent that the General Meeting has not entrusted the same to other
    persons.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Die
    Liquidation ist gem&auml;ss Art. 742 ff. OR durchzuf&uuml;hren. Dabei k&ouml;nnen die Liquidatoren &uuml;ber das Verm&ouml;gen der Gesellschaft
    (einschliesslich Immobilien) durch privaten Rechtsakt verf&uuml;gen.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    liquidation of the Company shall take place in accordance with art. 742 et seq. of the Swiss Code of Obligations. The liquidators are
    authorized to dispose of the assets (including real estate) by way of private contract.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
    Verm&ouml;gen der aufgel&ouml;sten Gesellschaft wird nach Tilgung ihrer Schulden unter die Aktion&auml;re nach Massgabe der einbezahlten
    Betr&auml;ge verteilt.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;After
    all debts have been satisfied, the net proceeds shall be distributed among the shareholders in proportion to the amounts paid-in.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">VI.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mitteilungen und Sprache der Statuten</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 35.45pt; font-weight: bold; text-align: center; text-indent: -35.45pt; font-size: 10pt">VI.
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;Notices and Language of the Articles of Association</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 31 &nbsp;Mitteilungen und
    Bekanntmachungen</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Das
    Schweizerische Handelsamtsblatt ist das offizielle Publikationsmittel der Gesellschaft.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 31&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp; Communications and
    Announcements</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    official means of publication of the Company shall be the &quot;Schweizerisches Handelsamtsblatt&quot;.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.7pt; text-align: justify; text-indent: -29.7pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Mitteilungen
    der Gesellschaft an die Aktion&auml;re sowie andere Bekanntmachungen erfolgen durch Publikation im &quot;Schweizerisches Handelsamtsblatt&quot;.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">&nbsp;</P></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 33.8pt; text-align: justify; font-size: 10pt; text-indent: -33.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 33.8pt; text-align: justify; text-indent: -33.8pt">b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Shareholder
    invitations and communications of the Company shall be published in the &quot;Schweizerisches Handelsamtsblatt&quot;.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 16; Value: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Artikel 32 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;&nbsp;Sprache der Statuten</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Im Falle eines Widerspruchs zwischen der deutschen
    und jeder anderen Fassung dieser Statuten ist die deutsche Fassung massgeblich.</P></TD>
    <TD STYLE="width: 1%; padding-right: 3.5pt; padding-bottom: 0.25in; padding-left: 3.5pt; font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Article 32&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; Language of the Articles of
    Association</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of deviations between the German
    version of these Articles of Association and any version in another language, the German authentic text prevails.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Z&uuml;rich, 3. November 2021 <I>/
Zurich, 3 November 2021</I></P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Olivier Steimer</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Olivier Steimer</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 17; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>cb-20220117.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.11a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWaeBWbOdzZR+qYkxtmBzbZnKfy8qcUSZ6SHock22URIC -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:srt-types="http://fasb.org/srt-types/2021-01-31" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:CB="http://investors.chubb.com/20220117" elementFormDefault="qualified" targetNamespace="http://investors.chubb.com/20220117">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://investors.chubb.com/role/Cover" id="Cover">
	  <link:definition>00000001 - Document - Cover</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="cb-20220117_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="cb-20220117_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="cb-20220117_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2021q4" schemaLocation="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd" />
    <import namespace="http://fasb.org/us-gaap/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2021" schemaLocation="https://xbrl.sec.gov/country/2021/country-2021.xsd" />
    <import namespace="http://fasb.org/srt/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd" />
    <import namespace="http://fasb.org/srt-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd" />
    <element id="CB_INASeniorNotesDueDecember2024Member" name="INASeniorNotesDueDecember2024Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="CB_INASeniorNotesDueJune2027Member" name="INASeniorNotesDueJune2027Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="CB_INASeniorNotesDueMarch2028Member" name="INASeniorNotesDueMarch2028Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="CB_INASeniorNotesDueDecember2029Member" name="INASeniorNotesDueDecember2029Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="CB_INASeniorNotesDueJune2031Member" name="INASeniorNotesDueJune2031Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="CB_INASeniorNotesDueMarch2038Member" name="INASeniorNotesDueMarch2038Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>4
<FILENAME>cb-20220117_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.11a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://investors.chubb.com/role/Cover" xlink:href="cb-20220117.xsd#Cover" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://investors.chubb.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentInformationLineItems" xlink:label="loc_deiDocumentInformationLineItems" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_us-gaapCommonStockMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueDecember2024Member" xlink:label="loc_CBINASeniorNotesDueDecember2024Member_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueDecember2024Member_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueJune2027Member" xlink:label="loc_CBINASeniorNotesDueJune2027Member_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueJune2027Member_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueMarch2028Member" xlink:label="loc_CBINASeniorNotesDueMarch2028Member_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueMarch2028Member_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueDecember2029Member" xlink:label="loc_CBINASeniorNotesDueDecember2029Member_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueDecember2029Member_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueJune2031Member" xlink:label="loc_CBINASeniorNotesDueJune2031Member_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueJune2031Member_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueMarch2038Member" xlink:label="loc_CBINASeniorNotesDueMarch2038Member_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueMarch2038Member_70" xlink:type="arc" order="71" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentType_90" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentFlag_90" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentDescription_90" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement_90" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAnnualReport_90" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport_90" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentTransitionReport_90" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport_90" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate_90" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate_90" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate_90" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus_90" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus_90" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate_90" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFileNumber_90" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityRegistrantName_90" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey_90" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber_90" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber_90" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode_90" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1_90" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2_90" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3_90" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown_90" xlink:type="arc" order="23" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince_90" xlink:type="arc" order="24" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCountry_90" xlink:type="arc" order="25" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode_90" xlink:type="arc" order="26" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCountryRegion_90" xlink:type="arc" order="27" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCityAreaCode_90" xlink:type="arc" order="28" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiLocalPhoneNumber_90" xlink:type="arc" order="29" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="loc_deiExtension_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiExtension_90" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiWrittenCommunications_90" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSolicitingMaterial_90" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer_90" xlink:type="arc" order="33" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer_90" xlink:type="arc" order="34" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12bTitle_90" xlink:type="arc" order="35" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag_90" xlink:type="arc" order="36" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiTradingSymbol_90" xlink:type="arc" order="37" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityExchangeName_90" xlink:type="arc" order="38" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12gTitle_90" xlink:type="arc" order="39" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityReportingObligation_90" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAnnualInformationForm_90" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements_90" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer_90" xlink:type="arc" order="43" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers_90" xlink:type="arc" order="44" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus_90" xlink:type="arc" order="45" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent_90" xlink:type="arc" order="46" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFilerCategory_90" xlink:type="arc" order="47" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntitySmallBusiness_90" xlink:type="arc" order="48" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany_90" xlink:type="arc" order="49" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod_90" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard_90" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber_90" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityShellCompany_90" xlink:type="arc" order="53" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPublicFloat_90" xlink:type="arc" order="54" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent_90" xlink:type="arc" order="55" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding_90" xlink:type="arc" order="56" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock_90" xlink:type="arc" order="57" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>cb-20220117_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.11a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US">Class of Stock [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueDecember2024Member" xlink:label="CB_INASeniorNotesDueDecember2024Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueDecember2024Member" xlink:to="CB_INASeniorNotesDueDecember2024Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CB_INASeniorNotesDueDecember2024Member_lbl" xml:lang="en-US">INA Senior Notes Due December 2024 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueJune2027Member" xlink:label="CB_INASeniorNotesDueJune2027Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueJune2027Member" xlink:to="CB_INASeniorNotesDueJune2027Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CB_INASeniorNotesDueJune2027Member_lbl" xml:lang="en-US">INA Senior Notes Due June 2027 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueMarch2028Member" xlink:label="CB_INASeniorNotesDueMarch2028Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueMarch2028Member" xlink:to="CB_INASeniorNotesDueMarch2028Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CB_INASeniorNotesDueMarch2028Member_lbl" xml:lang="en-US">INA Senior Notes Due March 2028 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueDecember2029Member" xlink:label="CB_INASeniorNotesDueDecember2029Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueDecember2029Member" xlink:to="CB_INASeniorNotesDueDecember2029Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CB_INASeniorNotesDueDecember2029Member_lbl" xml:lang="en-US">INA Senior Notes Due December 2029 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueJune2031Member" xlink:label="CB_INASeniorNotesDueJune2031Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueJune2031Member" xlink:to="CB_INASeniorNotesDueJune2031Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CB_INASeniorNotesDueJune2031Member_lbl" xml:lang="en-US">INA Senior Notes Due June 2031 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueMarch2038Member" xlink:label="CB_INASeniorNotesDueMarch2038Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueMarch2038Member" xlink:to="CB_INASeniorNotesDueMarch2038Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CB_INASeniorNotesDueMarch2038Member_lbl" xml:lang="en-US">INA Senior Notes Due March 2038 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationLineItems_lbl" xml:lang="en-US">Document Information [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueDecember2024Member" xlink:to="CB_INASeniorNotesDueDecember2024Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="CB_INASeniorNotesDueDecember2024Member_doc" xml:lang="en-US">Guarantee of Chubb INA Holdings Inc. 0.30% Senior Notes due 2024</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueJune2027Member" xlink:to="CB_INASeniorNotesDueJune2027Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="CB_INASeniorNotesDueJune2027Member_doc" xml:lang="en-US">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2027</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueMarch2028Member" xlink:to="CB_INASeniorNotesDueMarch2028Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="CB_INASeniorNotesDueMarch2028Member_doc" xml:lang="en-US">Guarantee of Chubb INA Holdings Inc. 1.55% Senior Notes due 2028</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CB_INASeniorNotesDueDecember2029Member" xlink:to="CB_INASeniorNotesDueDecember2029Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="CB_INASeniorNotesDueDecember2029Member_doc" xml:lang="en-US">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2029</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>cb-20220117_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.11a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://investors.chubb.com/role/Cover" xlink:href="cb-20220117.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://investors.chubb.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentInformationLineItems" xlink:label="loc_deiDocumentInformationLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_deiDocumentInformationLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_us-gaapCommonStockMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueDecember2024Member" xlink:label="loc_CBINASeniorNotesDueDecember2024Member" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueDecember2024Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueJune2027Member" xlink:label="loc_CBINASeniorNotesDueJune2027Member" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueJune2027Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueMarch2028Member" xlink:label="loc_CBINASeniorNotesDueMarch2028Member" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueMarch2028Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueDecember2029Member" xlink:label="loc_CBINASeniorNotesDueDecember2029Member" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueDecember2029Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueJune2031Member" xlink:label="loc_CBINASeniorNotesDueJune2031Member" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueJune2031Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="cb-20220117.xsd#CB_INASeniorNotesDueMarch2038Member" xlink:label="loc_CBINASeniorNotesDueMarch2038Member" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_CBINASeniorNotesDueMarch2038Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.21.4</span><table class="report" border="0" cellspacing="2" id="idm140064891437320">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jan. 17, 2022</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jan. 17,  2022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-11778<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">CHUBB LIMITED<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000896159<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">98-0091805<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">V8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">Baerengasse
32<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Zurich<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCountry', window );">Entity Address, Country</a></td>
<td class="text">CH<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">8001<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">41(0)43<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">456
76 00<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common
    Shares, par value CHF 24.15 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2024Member', window );">INA Senior Notes Due December 2024 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 0.30% Senior Notes due 2024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/24A<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2027Member', window );">INA Senior Notes Due June 2027 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/27<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2028Member', window );">INA Senior Notes Due March 2028 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 1.55% Senior Notes due 2028<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/28<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2029Member', window );">INA Senior Notes Due December 2029 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2029<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/29A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2031Member', window );">INA Senior Notes Due June 2031 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 1.40% Senior Notes due 2031<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/31<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2038Member', window );">INA Senior Notes Due March 2038 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Guarantee of Chubb INA Holdings Inc. 2.50% Senior Notes due 2038<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CB/38A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCountry">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>ISO 3166-1 alpha-2 country code.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCountry</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:countryCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2024Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2024Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2027Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2027Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2028Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2028Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2029Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueDecember2029Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2031Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueJune2031Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2038Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=CB_INASeniorNotesDueMarch2038Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>tm223911d1_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:CB="http://investors.chubb.com/20220117"
  xmlns:dei="http://xbrl.sec.gov/dei/2021q4"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="cb-20220117.xsd" xlink:type="simple"/>
    <context id="From2022-01-17to2022-01-17">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_us-gaap_CommonStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueDecember2024Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueJune2027Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueMarch2028Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueDecember2029Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueJune2031Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <context id="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000896159</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">CB:INASeniorNotesDueMarch2038Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-17</startDate>
            <endDate>2022-01-17</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="From2022-01-17to2022-01-17">0000896159</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="From2022-01-17to2022-01-17">false</dei:AmendmentFlag>
    <dei:CurrentFiscalYearEndDate contextRef="From2022-01-17to2022-01-17">--12-31</dei:CurrentFiscalYearEndDate>
    <dei:EntityRegistrantName contextRef="From2022-01-17to2022-01-17" id="xdx2ixbrl0013">CHUBB LIMITED</dei:EntityRegistrantName>
    <dei:DocumentType contextRef="From2022-01-17to2022-01-17">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2022-01-17to2022-01-17">2022-01-17</dei:DocumentPeriodEndDate>
    <dei:EntityIncorporationStateCountryCode contextRef="From2022-01-17to2022-01-17">V8</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2022-01-17to2022-01-17">1-11778</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="From2022-01-17to2022-01-17">98-0091805</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="From2022-01-17to2022-01-17">Baerengasse 32</dei:EntityAddressAddressLine1>
    <dei:EntityAddressPostalZipCode contextRef="From2022-01-17to2022-01-17">8001</dei:EntityAddressPostalZipCode>
    <dei:EntityAddressCityOrTown contextRef="From2022-01-17to2022-01-17">Zurich</dei:EntityAddressCityOrTown>
    <dei:EntityAddressCountry contextRef="From2022-01-17to2022-01-17">CH</dei:EntityAddressCountry>
    <dei:CityAreaCode contextRef="From2022-01-17to2022-01-17">41(0)43</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="From2022-01-17to2022-01-17">456 76 00</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="From2022-01-17to2022-01-17">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="From2022-01-17to2022-01-17">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="From2022-01-17to2022-01-17">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="From2022-01-17to2022-01-17">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_us-gaap_CommonStockMember">Common     Shares, par value CHF 24.15 per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_us-gaap_CommonStockMember">CB</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_us-gaap_CommonStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member">Guarantee of Chubb INA Holdings Inc. 0.30% Senior Notes due 2024</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member">CB/24A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2024Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member">CB/27</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2027Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member">Guarantee of Chubb INA Holdings Inc. 1.55% Senior Notes due 2028</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member">CB/28</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2028Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member">Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2029</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member">CB/29A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueDecember2029Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member">Guarantee of Chubb INA Holdings Inc. 1.40% Senior Notes due 2031</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member">CB/31</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueJune2031Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member">Guarantee of Chubb INA Holdings Inc. 2.50% Senior Notes due 2038</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member">CB/38A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-01-172022-01-17_custom_INASeniorNotesDueMarch2038Member">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="From2022-01-17to2022-01-17">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M?!^2!F.,6_0T7X\48JVFL:W&VC$,>8!8\PRA9CC?AT6:&C/5BZPYC0IO0=5
MY3_;U UH]@TT')$%7C&9MC:CY$X*/-S^[PVPPL2.X>V+OP%02P,$%     @
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M/[&\UDX:?^:+X3]>?P%02P$"% ,4    " "'@314!T%-8H$   "Q    $
M            @ $     9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    ( (>!
M-%1IR3I>[0   "L"   1              "  :\   !D;V-0<F]P<R]C;W)E
M+GAM;%!+ 0(4 Q0    ( (>!-%297)PC$ 8  )PG   3              "
M <L!  !X;"]T:&5M92]T:&5M93$N>&UL4$L! A0#%     @ AX$T5*O\C_,7
M!@  #2(  !@              ("!# @  'AL+W=O<FMS:&5E=',O<VAE970Q
M+GAM;%!+ 0(4 Q0    ( (>!-%2?H!OPL0(  .(,   -              "
M 5D.  !X;"]S='EL97,N>&UL4$L! A0#%     @ AX$T5)>*NQS     $P(
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9>&UL4$L%!@     )  D /@(  *T5      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.21.4</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>8</ContextCount>
  <ElementCount>122</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>7</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm223911d1_8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://investors.chubb.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="tm223911d1_8k.htm">tm223911d1_8k.htm</File>
    <File>cb-20220117.xsd</File>
    <File>cb-20220117_def.xml</File>
    <File>cb-20220117_lab.xml</File>
    <File>cb-20220117_pre.xml</File>
    <File>tm223911d1_ex3-1.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2021q4</BaseTaxonomy>
    <BaseTaxonomy>http://fasb.org/us-gaap/2021-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>15
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "tm223911d1_8k.htm": {
   "axisCustom": 0,
   "axisStandard": 1,
   "contextCount": 8,
   "dts": {
    "definitionLink": {
     "local": [
      "cb-20220117_def.xml"
     ]
    },
    "inline": {
     "local": [
      "tm223911d1_8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "cb-20220117_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "cb-20220117_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "cb-20220117.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd",
      "https://xbrl.sec.gov/country/2021/country-2021.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd"
     ]
    }
   },
   "elementCount": 70,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2021q4": 4,
    "total": 4
   },
   "keyCustom": 0,
   "keyStandard": 122,
   "memberCustom": 6,
   "memberStandard": 1,
   "nsprefix": "CB",
   "nsuri": "http://investors.chubb.com/20220117",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm223911d1_8k.htm",
      "contextRef": "From2022-01-17to2022-01-17",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "role": "http://investors.chubb.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm223911d1_8k.htm",
      "contextRef": "From2022-01-17to2022-01-17",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 7,
   "tag": {
    "CB_INASeniorNotesDueDecember2024Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Guarantee of Chubb INA Holdings Inc. 0.30% Senior Notes due 2024",
        "label": "INA Senior Notes Due December 2024 [Member]"
       }
      }
     },
     "localname": "INASeniorNotesDueDecember2024Member",
     "nsuri": "http://investors.chubb.com/20220117",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "CB_INASeniorNotesDueDecember2029Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2029",
        "label": "INA Senior Notes Due December 2029 [Member]"
       }
      }
     },
     "localname": "INASeniorNotesDueDecember2029Member",
     "nsuri": "http://investors.chubb.com/20220117",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "CB_INASeniorNotesDueJune2027Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Guarantee of Chubb INA Holdings Inc. 0.875% Senior Notes due 2027",
        "label": "INA Senior Notes Due June 2027 [Member]"
       }
      }
     },
     "localname": "INASeniorNotesDueJune2027Member",
     "nsuri": "http://investors.chubb.com/20220117",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "CB_INASeniorNotesDueJune2031Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "INA Senior Notes Due June 2031 [Member]"
       }
      }
     },
     "localname": "INASeniorNotesDueJune2031Member",
     "nsuri": "http://investors.chubb.com/20220117",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "CB_INASeniorNotesDueMarch2028Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Guarantee of Chubb INA Holdings Inc. 1.55% Senior Notes due 2028",
        "label": "INA Senior Notes Due March 2028 [Member]"
       }
      }
     },
     "localname": "INASeniorNotesDueMarch2028Member",
     "nsuri": "http://investors.chubb.com/20220117",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "CB_INASeniorNotesDueMarch2038Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "INA Senior Notes Due March 2038 [Member]"
       }
      }
     },
     "localname": "INASeniorNotesDueMarch2038Member",
     "nsuri": "http://investors.chubb.com/20220117",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Document Information [Line Items]"
       }
      }
     },
     "localname": "DocumentInformationLineItems",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r19"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "trueItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r9"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [],
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommonStockMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Stock [Member]"
       }
      }
     },
     "localname": "CommonStockMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Table]"
       }
      }
     },
     "localname": "StatementTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://investors.chubb.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r10": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r11": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310"
  },
  "r12": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a"
  },
  "r13": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f"
  },
  "r14": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f"
  },
  "r15": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r16": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  },
  "r19": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r9": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>16
<FILENAME>0001104659-22-005934-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-22-005934-xbrl.zip
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MBU V4O*!8K,6VU<<O"L8$GM@FR8CVHYBIF0Z^=A8PK#MA(%;_*,?:*R"J5(
MC/"6XVKW?74O\F4+"2K#-96U<H(B8@)2,\SWI9J1!<ZTH7]>6H:8=91#O.<;
MCFFPKV&D0/P+G?:-_G]H$7-H7XN/T^X7^>S.%UDVFQ<$;U$1\OYJU6BA;2$U
MX6M5:-N]DMV(?1%:J2T4TW,+GFN&7+^&1;@R4]$BTGV"6&S#?D$4O .">/)V
MVQ2!>II@FF[6++OTUIMRZ_(;F1[$6A4C[D+KD'#6[]5GQ&/%#@AH]Y7]5%"[
MF+:O#DJ14*1<RP?KL&22+%.*CMV.O?_,ZANIW$\I6-D/,<^F9R3'YE?7H8'L
M2(W\C96]6,Y^]"Y/!\"9D)="@^JFT(40D@ D"KRYL"W'QMYV2D%IH+2D(3[<
MM$RQZ' 6X\UE"F_6MV_Q)M9H)J(O]B*)4FD=XOLNZQ?OS&8D$LIX3T-BD+@C
M*8HSG1KT1RE2?"!G<@PA>UC\*^6 ,1_OL+<*>PG6+O":'&/0)SN\K>%>@KFE
M?&N43\W&2[*8Y5S=+Y6:"]A+L):G7+UD:M;_+ZG9\K)*C,U_ 5!+ P04
M" "'@314_J<WHV0)   P<@  $P   &-B+3(P,C(P,3$W7V1E9BYX;6S5G5]W
MXC8:QN_WG/T.+KTF!)ATFG2R/80D/6QGDC2DT]V]X0A;@$Z$E$IR M]^)?\A
MMM%KS#0HU5QDB'EE/7I^LJS7EIU//Z^6-'C&0A+.SEO=H^-6@%G((\+FYZW?
MQ^W!>#@:M0*I$(L0Y0R?MQAO_?RO?_XCT/\^?==N!]<$T^@LN.1A>\1F_*?@
M!BWQ6? +9E@@Q<5/P5=$8[.%7Q.*13#DRR>*%=9?I!6?!2='W2X*VNT&^_V*
M6<3%[_>CS7X72CW)LT[GY>7EB/%G],+%HSP*^;+9#L<*J5AN]G:\.L[^I<4_
M4<(>S\R/*9(XT'XQ>;:2Y+QEZLVJ?>D?<3'O](Z/NYW_?/D\#A=XB=J$&=]"
MW,I+F;W8RG5/3T\[R;=YZ%;D:BIH7D>_D\O9[%E_&ZE-@6+P22?]LAA*:G9=
M$"W)F4Q:\IF'2"4]9*>B (PPO[7SL+;9U.[VVOWNT4I&K9Q38K;@%-_C66#^
MUZ WM1+VC*7N41KN(IY.#>*.B>D,N>["6G!2>B'P[+P53G45O=YQM_O15/!]
M*42MGW1'EL3TPU;0*56.1)C7;PLNU@$T-7?<M/$DJ7RA=R'">(K;$5EB9OI\
M*\@J*C9PLQ?"5$>'=K*8CG4'A]>]J:P=\24B>XK>+NU <5)3>XF74X-[+[GE
MHH?7BBC=3V%2X/"Z&%>#?:7E99SV23Q#,57?W"GSXF7->C-AQ(QVG_6O)=UX
MI?3)!T>Y<K/#/0<G190IDYUAND';G(YB+4GICVEDIB;70WE8$D'-6,S%MGLR
M;[;$X=&</W<B3+2%O>Z?'\S'=OHQ]1"325ZO.16*)<H:C$<*+V6^<XJFF"95
M3G21^A*=OZQ[AN0T81;+]ARAIT1\!U,E\RU)&]K'W>RL\7VV>6).X=A(>T#3
MUXY54)\%5N.JFE_9#T2N/NLX#8_.M+>>A9PIW5NN:%*;[O%X;C[DRF:"+QO:
MFEG(:]M1]%G+:05<1%CH^=SQJR+*)8[.6TK$EH:_"ZPA15+>SL:*AX^#%;'U
MNFI[MXN\*4+K:;:*K)X!  IJJX79^](I"KW,3ML0%EOLF_+8GD'L@@'ZS'<J
MAX#TCGTF,NE:Y+\5E/P,NN^H]V;4DM9!X/KO#8XOEYPE:K]DDTJ06S7T -C*
MTUL 2<V!P1LH!@>U;QW5MM*XB\GH9C#&C'!QPQ66ES&^Q&&B0 =^ (T>7C0H
M-[$=ZW\+UYO+!X>Q0R+X=\RP#OJXC_WE,A/;T?IWM=XB'1R$#FG[%UW30D?]
MN(_OE4*3#QX9;],..?_!T9AS^HUC3E9N<N*1_X!\",')X<><?G?_,2<O,_G!
M(^LMTB';?W PYO2_9<S)"TT^>F2\33OD_,<WR=[VNX#SH/=:?\'&1$Q.'5N^
MYY4-FUS(Y3>9US<S>: %14;4-45SN\NE$ ]LWM9[T$L1>_I\B64HR),J7'H!
M["Y$^N1Z538X7W<_DMSC.9%*)&W9Y.;U0XNUB <X=NL')_3NN0P8BQ&]QT]<
M[,!1C/2(PI9L<$[OWOS?8B04%G3=Q/]*L$<(;,K!:?T[3'($8C(QK0F&:K1'
M'*S2P8F^>Q#C!:;4K.!!K-$1L1WO$0Q /#C[?U\<5\]F>J'/8<V);(IX"J6L
M'^+RHWLN=U@0'ND9A6A I!+L$0N;<HC"Z7M1N&)14P99J'<$BKK!;,YAVIRK
MNR8R1#35>*VW[5A9LA7N$0B[]C>_(?:78?P7(]$8Q2;8.Q!EY2 &AUGV,!:B
M)*]V7(*B/0!1*QTDX3"OOF**J+59C'X3 ]>P=5@UR@/GK9)!QQTFTZFP_&(+
M4V;E?9WKY4AOG+?(!MUWF$2GXH:Z-0+1$8OPZE>\KK._$NJ-_S;=( "'R7.J
M[DZ0)1+K,0EW#SO56&\06(6##!QFS*F\![0:1;I-9$;21UIVHP"*>$.D3C\(
MQF'*G*H<L9"+)UZX$C_DL3Z:UT,>U9XJ:@MZ VEW*T!4#O/J5.L@B@26,OO/
MM*U;!\@2[@T62#MXT\YAC@TI[.T'H^<QC%X]#(<Y-J2POQ^,OL<P^O4P'&;:
M)85#_?%6// 78#T!$.P;B(IR$(/S-#O3EYS3;L6=X,\D?;IX%XM*"=^ V.2#
M5)RGXGFO22<938Z,--(W"D79H/O.4_%,W!V7"M'_D:==<UQ;O&\DML6#/!QF
MYEG_,!=NH 5GI1 /7-_6"QKM,/TVYZ>!P CNZL4('VRNR@5==IA+?^;F'M2"
ML]HKV]4H#]RV2@8==YD2FW<"2'#PV'SM@<=EK9"Y;_-493-S_Q!$:4WF6<.8
M95>O@/N6UE /3(=U@P <IK5C3DFHO6+S+WHV*PBB=O>WXSRP'A -^NXP@[T3
MV/0(K!.'9%&@>>V(N)W-H!$=CO> PP[Q( ^'J6Q%XDC*&(M]J6R5\H^-O0D@
M(8=I[1B'L1Y*U]W>],&\8P<8IRI1'A"P2@8==YC*WO '@<R+ L?KY913^ $I
M2Z 'OD.J0>L=9JTE97;32R$>V+VM%S3:8=::'WQ7JW"!V!S#ZU9LD1[8#LH&
MW7>8S;X.??-&8_K<OS%]WF!,=YC-YL+2AQWT\7@[I62.X*<Q:PIXQ %2#R&Q
MO3+C4$C29^,*#;K6'^PPK*$>8(!U@P!</IH<1T3A*!5Y31ABH4X5-P^+ M<C
M=I7R 4N3)H"$G-_O_0-3^BOC+VR,D>0,1VFR4G=?!2CB 9O=^D$PSN\ ?^4T
M9@J)9&&R (X7:Z@W(&RZ00#.;_9F"_(W9[GTC>=U'.PEO,%1(Q^DXOPF\(@I
M+%"HR#.^1 IEFNNHV$MX0Z5&/DC%^2+MY  >ZE/<G->OBR@%>L-@6S5HO?.U
MV>,EHO0BEKH1LG9T*@5Z8_VV:M!ZYZNOKY98S/5 ^8O@+VJ1/5Q=A\!:P!L4
ML'H0B?-5UE>KUU=!I$^5UO+8BO8'AETZ1,+VNL1#D=B\GR8,S:*:=";!(B0
M%G"\!S1VB =Y.$S%;]4"B^*L+I%G&E2WW&57*0_8-&H"2,AY*EY\14?MB;P0
MYP$%0#3HN_-,^RZ>4A)>4XYJ\XA"F#>N5S6#ICO/KB\0>Q3QDPK7=X*'&)O;
M6')SK#9(ZQKMP!M0S5L#(G3_:/3KR^S'"R2PO(U5\B?OM.+:RR0UY;P!MK,1
M(*=W>/V8?'U0$D<7ZWL\P\(L3GG *W6A*WNLGYCM+.X!M?W: L(KI/>?.I5F
MZNH?]7?9=O/#_,T^O>7_4$L#!!0    ( (>!-%0W_>FR'@T  !2C   3
M8V(M,C R,C Q,3=?;&%B+GAM;-6=:W/;N!6&OW>F_P'53F>V,Y%E64D=>Y/=
M<60[U:YOC9S=MIF.!R)AB6.*<$'2EW]? +R(!'%(RLD"V'Q('/(]X N>QP!(
MD4?O?GI:A^B!L#B@T?O!>&=W@$CD43^(EN\'G^?#H_ET-AN@.,&1CT,:D?>#
MB Y^^O'/?T+\S[N_#(?H-""A?XB.J3><1;?T!W2!U^00?20183BA[ ?T*PY3
ML86>!B%A:$K7]R%)"-^1'?@0O=D9CS$:#GNT^RN)?,H^?YJ5[:Z2Y#X^'(T>
M'Q]W(OJ 'RF[BW<\NN[7X#S!21J7K>T^[>9_LO!W81#='8J_%C@FB)^O*#Y\
MBH/W W'<_+"/DQW*EJ.]W=WQZ%_G9W-O1=9X&$3BO'ED4$2)5G1QXX.#@Y'<
M6T@;RJ<%"XMC3$:%G;)EOC=HT5><Q,%A+.V=40\G,NV=AT&@0OQO6,B&8M-P
MO#><C'>>8G]0G'QY!AD-R2=RBV0W#Y/G>XY2' @2!OFV%2.W>C,A8R,1/XK(
M$B?$%P<Z$ <:_UT<Z+M\\QE>D'" A)+S ?;KH-96'C0R;?:*L(#Z)]'+7*O1
MENSSWQV6?$4'JO'&NW!-$QR^R'PUTKCM"_*R,[Z),W^F^3A/7G:F*Y&_B^VD
M:7GKTZL_KZ'8>,9_JEDD3PF?P(A?F!1-M(S \@AR8LC;+ENG7JW=4(SFE#7[
M+F9&V>8MCA>RX30>+C&^YP?8&X](F,3%EJ'8,MP=Y^/W=_GF&S%#DC6)DFF(
MX_CR=IY0[^[H*8B+H\FNOA_TT(_4;HC((U;T!3.OXX3DBI%'^71VGPS#[-1G
MX;>,KGO9R,\<[2&^"1=E^]FIYA: CM1DC,0T91[9*M/5WO0]J[G#=<@CQ+*-
M1,//\\&/4H;H+9)"]$5(__MNM&G:(E%\";BFD31V3M8+PH ^:W0F"0)M5LEI
MB)PA!G+6($7J"DXRZ5>3XBU$\O=VQ^-]F?KIAYO9Q=&<1 %E%S0A\7%*CHDG
M#\:%K[4<] TR <5V'1"$](NPCLM6-E5V>"3*0I&,13P8%=%(A!LEZN<T(ERT
MWYLF-< 627KC$$5UM9,$:2WVHD=$"G+VC9)SSL_9BJO>]D:G$6&+'< Z!(\B
M=Y(>O<=>^,A0P<];6W/9P4OFL@/;%,$=Z#&7'3C,$FASZ[GLP,)<-AEO.9=M
M NS.9:KQ]KFL4#M)D-;B-G/99&QC+IML/9=-7)G+5.L=<]GD#S"73;YB+IM\
MN[GL6]\3NL:+S2TWZ)9%+K)R]Z=F4'O+1RJLH]-J2Z6E%*$O4O9ML8B)M[.D
M#R.?!)*(_[T6/PZS'R4&_+\WQ]1+A07Q81I;R\^2SH*(S+@Q]<Y@M]P$&GU-
M"TBZM-9QZ6E0!:<(0948]$5$(1EF$Z1KWFI++[/=ID&IFE+!$/N< J%B"$R\
MT%A(\A$_N"\,G(9XJ>F"LM]4FK6VBCS7=CJ1:)TC-=.E!@F1S50?D]ACP;T8
M8]KZ4I,93[S&9"/_%8U;&#2-P314M!8'^4]D&<0)DQ-/N8II&=( O>EIH-6V
M.B]HQ4Z T\<A.'-4@U 999&EHRA*<?B)W%/6AE!=9IH<G4D5F*K&*4XTQD \
M,BW*Q!:I^&>*64)8^-P)1D-IF@W JHJ'(G.*$+TW$))2;I^3:X:C.!"#62<H
M3:GQRQ# ;..21-$YQ0I@#KY4*?7V:9FO2!B*1Y=QU#VPZ,2FB8$-J\PTE4Y1
M ]H#N9$1* ]Q"YV3![%JYTNGGAVNZ&T"U+#=QE I=A8CU6%/DF08$G$6::H\
M.=W!44-IFB# JLJ.(G.*&KTWD)=,CJ3>#5!.(K\7)J7.#B2*33TBN<A!0.K.
MNO#@:MMPG :QA\/,SRG?UO:)C49K&A+0K@I*0^@4+) [$)@LH.!&AEB'YM\$
MLW[(5)1V@&E8U>-2RAR$1?76A8K06P-EFC)6<P[//K#4%"I=9@M6()T3L'28
M:SSJG\EKL%B<C4ZB)$B>Q6O!%ZGF226]Q!0?D+F""W6_$SP IE0.,AD2.I0)
MK66_^%0A2L3[V&"75)E9"O0FZR34-0[1H#4&$+'1RM?CK5$QY:,4P^$L\LG3
M+^09[%M#9Y8+P&8=#$7D$!EZ9P :N1A)->)R:W!<L6"-V?,\\#JFC:;0+!Z0
MT3H?JLHA0 !K "&Y&LUG4]NSRC5^FOD<V. VR,I<=) "ZLT"TV&[S@T@=@B?
M=H< 13P(U:-LPS2+/,KN:>5QB2E-^6#X/*4^O&+IB#(+5J\NU/%J#7$(LCX^
M =1JH:^R9UH0%26*9 -(M&"-NB/?YR<KSO\Y"R(R!L^!5FN6L!:[=:XT0H=H
M@MT!#.7*5\4/2,2@R\@E</:VZ.Z>?7#V^H*SYS0X>R\!Y_J1.@3.9(ON3NR#
M,^D+SL1I<"8O H<GW_J8,^4_7K)K^JA[X!M46L&F:54+S4;F'C(-;UW B "Q
MOA$AME&1BZU+=L7H0Q!Y\#(:DEN!!C"M)4?1NH>/WF 70^4BN8BS#5*^6._\
M92ED=D:;NDG]4)-IW .E;JQSD,G4MK&XHG&"P_\$]ZT7Z7JQ%42TAK6@U)3N
MX:*SUP5-%H-XD*V+[AQ;\0&(]G4U9;^Q3ZEUMLJ/IJL[G0!!YZA9;RZ[NY*)
M;*1:L,H(!D:&^FYCB=:8*O-<V>=&FIN&&EF6O]]<8^L76A2X#J]6-((?+FA*
M3&4;,E=D7-WO1-8!4VKFI0Q)G<4[]Z+0;JP?RBO[C,WTJIUR8B]V.)%AU4UC
MVB[V6\CH;RQ(^-%%M=(TRC\9TCV#".A,9;K59I%UK<@) MJ<J33D6E076T!C
M3L/ "Y(@6I[SBU,68%W/=")34, &"R*:"B=P &TU*A*50E0H+8!PQ8B D?!D
MR!<.1:UU=GE[JYW]V\2FP.@V7  "*YT I=.>"@P/&'J5")2%(!EC'YU9'*>$
M;060)L021J!Y *:&WD6D().=8&6!MOF:$R_E\^7S>&]Q'22-FGEZB;'Y"3!7
MSD[*?B?X $RI/,A]XHL0QGO?+_Z&BB@+"%S0:X;%=VO-G]<+&@*5L+0J4R"T
M6"Q8T$B<P 'VI1)Q05$N19G65J6LFF%-EY3]IB#0VBK27]OI1.)UCAJ#0"W?
M%H?_DR=OQ8T1X&4'O<ST-* SJ4X%58T3&+08:URLY%)4:&V][+"9PI;=BX*E
MM47!LF-1L'1Q4;#LNRA86ET4%(?.RI3P,>IR$09+#!1-;%6;!J/%LLJ(1NH4
M+K _<.PH0] FQD:U35EVK5+.]Y3_H.DIH#-6;[/-9EEP4R=R@I,V9XV2FUDA
MO&J%9:&VP4;J!PGQ,T.G080C+\!A6;I1=_>\.\08,3W-E_!TZ-W@J)_)!E)9
M6%%CL0S<E.&T<=L]>XCC-Q*&OT3T,9H3'-.(^-G]%MVG2^UZLT_==-BN/W@#
MB)U JH]#X/$;$32\$U&H",OOEEFCZ5<:IE&"F7R'G>E&*$!GEA[ 9IT:1>00
M+7IG "6E&&5J>R^%9]4KRH57]M7M8"<AN>%7Q%M-*V^*:[4.<=-J$'IO/*\Y
MLEDO9U$67^=,",->$CR08YS@W!_89TAN^@7.-M/JFYLZK4,8M1H$W]4L8T2Y
M&EQP9;5L#9ORY=>2MCQ]KJC,%Z]I6&S6KRDE#B&B\]52Q8:A0FN-A_D:A^&'
M- XB$L.3DJ(RRX/68IV'FL0A'G2^ !ZD%!5::SR<K E;\NGN(Z./R2JO(0OV
M#U";Y:/5<IT3K=0A7MK\ =P4(2B+*<K^V@/H:5, /:L "?=6(S6,#FA6X::A
M<PD:R%R#F)!XXG[,!4W0-46?8X*2%4'R\5B?;Z]4KL_:L?DM*9XG7KC(5NN1
MCYD.HS:Q\6], 0TWOC>EH70"IDY[\'>HE!&H"+% SB5GF56O\:01\?V X)L4
MW2&F*.IKOF"I2^\$43U-JES)L/J%MPR4W_5HNZI2M2 _O.RKB0ROEC4&E<5R
M1>$$)Z M:*E<_7X#>_7\TD48>*<AQ?!=F)K&<!6_ICVE@-]&X! %35=0V3XI
M1%)IC8$/.+ICZ7WB/5\QZA$BGM:*RY&KZQY=SVBSW&S5I3I1O4(=8FT;OP"%
MFR90I8U7E=G+]@T_\3"ZJ#!'O;OY"O.3>)DFL9A1N3GXCGEKD.&/(GIT0/E
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MD&L&G4? R 0H,$W#D[O%!=SEE;:;-J>NJ]. 9#_Z*O2AP_%]JZL9H%*E]:5
M?O<-L>!C?S X4?TG$2X2;H^^WQ:+Z+QV46M6R@O;V#4"X.FXTLQ3X5Z*>:?$
M1UC&@5RS7ASE?(>+%CF9.??^*]\$I'I,W(RC'YJ)]2ZJQM =/[)O$5POVA=
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MV#+TY:42M'4W?HW$7+EP^.:GS]ZN'8?G02_,LO,@+8M@@(F676<WO)WL@).
M84\L0TQ*;HJ@G 2J6_2SLIM'_2C,:/MA1Y)M65Q@VND[_J^;I6'_QC8F_0)4
M9GE<DG?(%G6SFDU=;;/=';O/?B9KI9\7UH8QM/%@6,$Z&E5F%3VJ1/7(*B+S
M:25[TLW[D_^YON3\E7=L3<ON[LAN)#68F9 4;%X@-#%[]ZU7:7V%!/PJ);7*
M93P)^S!%'D+#TO?[CY\=1<E2;H5O/M4 %3P3@W <Q><_7#; J5GK7F+ M>^T
M,([YX]Y(M@UIN:"0?Q;1$)NK3^<-#;0DR?2<'H8^,LF,C&1P40:#;U..Q--W
MLB<1IN^;L9Y">_NO,@_'I#A&(9ET2 .0\G1PD-NI.6>9U9>]E6__G^\/'S^W
MO]B8]C>S28:PD2-^44%Q/J$!P[9NZEL<6X0D%''8V(1D$M.1Q2@D_W R,6&&
M7UDZR2)L?S*WZ8]QBG^2]&@WVG=WTDROD!F2'C&=R98ZCJ'W-^4QNFWIZ]*O
MUJ3_Y^%#LO%,W/\A^$!3\8+>SC^E(4.$7F+P\*%]OZ_?_5&_BJ0+'AVVY N>
MXC/5GO:SEW%(:_,1O63RGJ,^#6!Z5/6(_(_?T3U;;M\E07ORL&L&:49CG/"8
M_2$];1D1AKGL+;V)^0XS(Y.QV(S?N'FRM.2^N@18B^ZYDN:Y2H3QW;O]8!$W
M7#*H)^$D*DC-LW_"GZP_WGE=3_AI!#GT2I\00H\_R5=@$FS*5*SYFE<PYKQH
M\>/EUZ$$T=8<O?""?8L-L64YN8%>98JN)3:X@CH1^;E?6:O.6/$_G,H;[=5-
ME)7^>AWFY.#51->41=DUA;ITPR)X]<O;X-&C;[/\GS)]<?#\>_W7X;,#_=>3
MYX_W'QVP $0 WI"ESH'U C;4DZ/G>MC1T9'^Z]FC)T%8#A# 3SA_G01QB)*.
MOH6EP&+]S20)>9L%A^HQB,,G^X^.@K_UF/V GB2H/PAN?THJ+U=S.NE'PR".
MNO1FZ$+[[K6N?7]L\/IL78;S%^WUK$\VQ',6$3U]GXV0=CA.RZ3@N+8LR@XM
MQPXMQ(XNP9"7(+E/IU&?#.<HH2-I 79HZ76PZ+S$*-\H)_.I& 5AD*3C**$;
MGH9Q2:.@^U8+;D*[@X^6W&E]A'2W01G'B)]'?9K6^AJ[J_'G&UIWW;6LNV-(
MHI=PQ^,RSU48)B8+8^3LR&F.2W*93\3#3A#9_ANAZPM#+C8+KU!%5A*\(_>:
MA(U^ (%8_R1*:F>4XZ$YHS5K2%22I.O7XMFS!=576-5WZL7]/DF3W1W:Q6E<
M^F@&?7O!?XTID,"BC]GR0'".WFBG10S E^\BFY5@Y5O1T24GWFY^\?GKGS3/
MVMWATZ8NWPG@T9, *Z*:"[\N.7'3(;\%8C4'^Q+":T;V\&D-,/%D$</RI<%%
M"M.T!S3_E 7'26RBD4GRU,%I=(.*H3!*D,<WM%WS(BN17]$,*Z.X,S/N<RKF
M(N+\_778V*N>2]CJ3Y:PU5^E9#QAGF@:ZV[@(,V"E_2M[(A/T3B*PRQX;;J%
M-WWY5YCW;:']59;F9/)Z#BX'M<Y$_%TUOKFQQM<2SL%9E/5AG_\W_!*-PQB^
M0CBT1KI,U+/G3__U_.C@7P<'!_L'!X";]49(W@Y)%_*1(]&FO1')R20/'C_&
MH?AORGS?W;DHG0D/#Z&N0A'G!IQ]VEV0D=1]AL!D>N=1T2'1'8G3,@Y^'P\0
M%\>STC!%:G2A]G&Q/UE%2[K[NQ3'O)]P&#@SG(3N /, Z=$,LV-PN,#4%/)%
M(J3%9^2\#9U:P&>A?_/!"<!'-!/V"YX)>E5M<JT3_)9"%O*)-?F6>'!">^5/
MO5$9]VE'3@8XII!T/#MQ-JTWII=>PCSY3JR4#K[V 5"[.S)'H0YG+<"F*Z4$
MMW+C6N2&0R3-]=_HRSB&Q10EO<R$.1E(W7/@[L2QHT5.F_E+S[ VKTF3#DF3
MCDJ38I2EY7#$5X[RO.0D2DBS0>*H'../QX]Q+/Z30;489)/P/.S&G.6!_T8K
M.J0-UN8-!N(,^N+$'X'Y8K)>))D<,01SF*(A1$46I!,Q3+/@+,RR,"ET0%A)
M>3#$)VQLXM3$<'))!M&%@NU@1K"1R>)4-1M5&K8C3]_'UVRLVK]I3OU9IZ_I
MDQH21-Z+C$4/\Q%?:M!&F* ^]+IWUYL$<;6B1=8'[9?_K^M.BV3;#E]85?,#
M;O9)5LB+X \L3/KZ>I)Q2XHIGQ2G-A5T3>]9[5.^"#Z?3^AACK.P&_5>L':7
MF?@MQ?,=UK)N]BQ\<SLR@NM<GS>?5%QWU&@EF/)5A1_8.GYI+LJAF'YB+S+>
M42RES' (VKF=?1*V+J0=DOW+4:8TSX&'1/CZCS0[,\,+0S94 F#X[,L"K4XW
M1MP\2 R"E&NS_1BD(C:['Q;+@9T_"^."!QKB+A?E[LX@C8=BES/6Q-J.M5I/
MN5M] C3B]8.B2<6S%LR\\9UMOK, ^G.VIFL@?>^/'#D'&,5\LQJVOR-F.#]2
MOXG)&9I)##V<\+PBB'=J:#GY\P1/@>L*QJ1BH:-Q.97,@DRMV[^!>A FXY 0
MC3 45]H$_Q'32 MMLY/"D, ]B]AY^!CB.?CB'[+H-"QH8(5. Z\8<4]JKX07
M4-Y803DOPT:5 OP7% Y5+^RD')=TA^C48'5!]<L"N"AC6P<<#7\('CS:X^I>
M+S@2C.4)^4626_+?D)[DQ(8,? <FL"[#@\,]S/WNSMN,!@=S(R%OC/Q']9YX
MM[1-JGA9LGIT7NU5_:@LJCTR,@2[P5\F*B8EEEWMG6&ZX*R:P4"])R]<P:^X
M[M:1? K^'9*3QF/!]_YXDN#0?BTU(>Z58^73"#2^].#Q'@_C]S$BO0@ET\.E
M4XYF/J%S2+KXHD/7HXH/H(+&$&WB,@/<Q;/.)]([&"_ZW'Z4AEU*^CW!0VUF
M^'E5D+!5NCM^./E?NSLT>P_->(*-9$U[>$'DRI!!;?K[M?#SOX*P?\JH;ICD
MO2P2%T'/8^.?_)4P<[BOA&9F 7=@=T?#T>3?%%G4*\0SL(. #] WY*EX@?*7
M*6Y#?Z!BJ5>DF51M9%Q7FSKT.5V%'M#^A1,9[YI'-NCN*CPZ7$:2<P+-?8CS
M\>PD7N@ ^@,/%+&0E34(\9M,^2U\J#\<\?5\WZ3KHI#J7=&]$O$+?:&[NV/]
M45I+)Z;@$5D?;L*"UF 0/0;6[P?O!G-?D?]J.[A;PA)2;EOM+!PF;AE?&K#@
M0@> AQ!)F8M<K#F2$UKW*><QX0_3)<0E#B!1SDU(+VF0I6,^IX^1TUS+U PJ
M-U-FI3BCD9S;D]+,<U!W=^S3J(R2.FKGO_+*L0/*4$(Z2#.W'#7_(25&](0H
M/:"GB\FGYZ1_#(()7LHX8^JAZ8KF-"3MG QY5JI'(:M@1-*T=3+%N]U?&39C
M,0O[#J5G;LX [ZW* (=!);8@6TE^)-@%F=NCMZR,&PI>#*]<;)UQ(2F@,^AN
M1&:__5T5.N+;8A@U[JD6%5E8^++?<DY>)SV1JS1H5O:#[UEA6U[3.ZN$5[4*
M_)AC0Q--9W87B-6I)&Q*3\3.!F7&-8S"N$C'M]Z$82L2V22%\3>I4JN[K2YF
MJ9=/2/\.(@GXV9S<]U89ZP=Y@[;Q#J>+_33OT>*9R4N3O?^E/[,N;^.N[P7.
M3MM^S6ZJTJM+/,/BF=8WXTF<GALRUDQ"?K$&D#^0R;0Y*=:OU [W)4FRHN3J
MTT>/__7TV>-_/7]\M/_XZ/+DZN'1OYX\.OC7\\/GUY=<73BW*AJ9O/?='4VB
M>KMW7N8TFY$Y%9W^TB! E=$2$3*&-+.AG)#Y')+@ PES"9CI?5]'""'%Y$Q+
M&*SAB[>/8E;Z-NMFD02>YB92[T*>]"N-@KN[^=>:$R4AT"$AT%$A,)T3%1^1
MIHA-$?HM8VFF2@^/.B0<.A .*\Z2=MK2FKX5Y@:4UMQKFQ0%>068DZS^:\P;
MJ<:P2FJ>=YS)1K?,R[B@BZ".4N(:'$L0-HH)[WO4XIU&/*6YR4[)OU4""[7;
M9MQE0Y*?U^C^WF#R\_']RG,^WN8Y[T:>\P:Y'>8D0&?6/R_^ZZ6Y$(MH*.DD
MSFYFKF('W%MA'ER2'VUF07\SI<N0V@N2G>G#[4OE4QX'9)>69&?19U7J8W>'
M+SDT79=3E$Q9/5L9@/PV&H_%-(55FP5"VI5XJ1*$@R;F@KSTG+_Y3Y72@CX[
MB?<YS/.!<RY]]_"7VG$SVE%<K:KV!B@O-B:OXLPEE]>8SICD6J23<\%.+B'K
MF9A_!4T!H:^1[JZ)TS,)B)<9^0H%4BL<PN;OI0RH)7<B8Y,HCZ0RD%9#O,D+
M?;MH?06WJHPVN;]:.OH,,PV"VQW[N6&)V%N)1)P7CVX# \^*3&U^)'K5JV>I
M\H;6Z@8N;NCM!:OVV9K)S6G!T>+7F/%#=5-J/'I+QI%%@NSNK"6.O)4>2Y.U
M/ET\B(N:L]$XXK"T0GR K:#7";HVLC82&;)BI-9*<[RIC*XKR/TU;#HN-\]4
MAI'!2?,OI*_U*&M5K]E5J,SAP3Z9D!']/CR<&6X-GFB]^O>/;:G[P8'W+[*
M+XV]'K2>.5VD?L4XK)0H[^ZX&"SP/"X,NZ0$_WHZV54SR2ZQ 94*HRQ&:4:#
M[[>D4K0N5#,H0L"4W]J=>#6^V775?K1!B7)R]MSK (!'(YR5=>N"HE/12CA]
M44S[\EQ#B@<=V:SS@Z.[.T\ZM%MM^4=[K4@YP5T.#ZK#JA)^?+D82T!0(PE
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MP8-TT2!-8F$#YAO$0"8B"D?#/-=N/D69)54['T=JC@!+PVT/AYE1^&+M<SQ
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M[^B'0GLRJ<(^7=-+,>#P,GQFK?15Y!UO;=C*5IQ%>;7%.S8N!+F<:/+)M@#
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M4G34H.:M>YR)Y.#2E7#8P3] Y!YFW.C#CUV*%9UWS45D1HY()4>$'.6?$%V
MVO*GMK,&DYI)E820Q(29A$%M:-7K:^E@O*B/T,JSVP,P767LL28E0)5@-SUO
M><:CA.BL11*].+>T)#E[WQ4P?K;+7XRRM!R.^/@><I-ACQ8%6^W2 1?U.*BL
M4-^\$V0F9A^<PYIH922&_5F4&Z9CI _$*]@F*1< K3U: J @2^71)4OE390,
MT%%-ALF9 7HK7G4:]F2-#4-];%07<>J@U:9@[_8[?+1J0,+2N^662(%'AXLC
M#N:]VYH4MXUKN&F-%H*Z3<]5./P%N=% J4G:(=7=S]]K;"T=*(S;B@[VMK]+
ML^VF7<>F/9R]:;7>RNU:F\O[HU)\*/=V<>^2>1^G.6T6V\5W=^_,F6+^&26G
M)B^@TA;9/?TH!Y*G90/)-Y&VIVKLHOM57GV=2;'YV\<:M^P[U5QA3L'3</Y
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M7[OVZ$F-80NXS8LR1D<:Q^M?LYU@X$REIG&DGYG>W7&9H<K6FJ)4N2CIOKA
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M5 ,]Y+M"249>L\S]NTX>N_)5XZG"QZ(S)V$?[L5#/!&=9C]NC3Y^->#^JSC
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MTW'4BV+WMU8X;]?S6O)2A_LK+?%[6Z)>K[.[\VDB(%(VJ[S.C%-=C!Y<G$7
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M%&+-F=&->8G7'%%=P(:AEZEAUA[CL]$N-<_]5^G8+B;A>8 X:Z\H,^,:'WG
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MS],[44=LZ_MLPBY:<W;N5]3PRWCI(DV^G3Y;L/&Y-?/UKYYNF@HBJ?1*[$2
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M^VC.^"1VG DXIK+J+"_8!1EZ,H4.4=1*,F,+"0!2FN[#Y;7LP>FU:44F -_
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M;*U_'[1[TL?Q&RIC3#,>QN^]AB 7__EG6=+L?6G1"D8ZQXI6+NE,<B^F0,&
M=UO>G\?87]1D=O/PP$@WG+*=;] 3JISG!3K5@N$P?#2G6<@QCD#C+=I_9J+9
M")0=BL3BW>4%[\=YWX[EOQ$OF@U4]IQZ;!\@+EE J4P*NKO'*)D5*@X]]VAT
M%]=LG>DJ ]_6XD %B3L%6^EE6\:PXA1TCW(U$FAU6!RA1^!"&FG/_J[IHGQI
M_GY#3QI 5U_4:@( [?-WQG@JKVS+&M#2"7Y1I09R+Y-D7H,>V(BY4_O&N0UI
M9"ZNP.[:;A^L(%N7T^H]*;-1,@0N'8BSM?Q.NL2RU:':@!I%>R03$;4Q"B6K
MHXS8%&L]WQ4+!=HY@A=)K.P> U?:YO(?+)=YV 1Q-.$0.^Z?QVB>7(NQKFV;
M\%DGXILL8.=,E/#83+(QJJZ-K9JV*<V.$>/.1Q/*6<B7<GPJ&%YA<"M.1,XD
MA\!Z-3U\X^BL%4A#TWA0;9'X7.OY!]8&Z#GE19!V3FVVYR_3$#$FHG%3AJO[
MMP&#GD4D""U C'SOF&OJ+&-?KAN(/O[2D$>30-6;D5+SWTQ3YW4%:T\&0AZN
M+;-I;=L%FO56W'LYSI?\JX9IN7<X$(#$?1H0GQY6_>"18M6/=ECU'5;]_L_%
MC7@VO=T>Q,2 0_>Z<<->#J9^&.Q76>5,12TS;2<+4VH]&W*M&^;.2G:_F-(!
ME%TD+$WQ U-+)?2W?@*QA:T2UPI9-EXE'KB>4!YCU5&#K.R8TA:.?.+N!1W6
MIW%6->-]< ^$OG*5$)X6<:TVHZD?*T:3!79WDF5J*%^!G@53VRH]"MI2Q%?!
MHK"B%%](X3UUT(B+#1R$FSOGLN E8ZRKT"=C=PM1;(]11X13,.+@#JH$\V]X
MO*J+4>"=D1]5"TT60KJXP>5/#Y# RE-=YE, IL&L%GVH:3:@F]G-5.-*XYY9
M.'2(;I9+>FL3O7CV-T:HASYF/U:FC/9.:2/QS&?);*AM)GLL(F<MIJ6X6()$
M8= #P.\"G=>;D0UH-$;,A.V7!GC\]GB.\0'YFOM=H"43S%E-4JPSUJ:0NH0'
MXT'M$-H?^0!QCI6-2'8*L3OAR0"]RNF++*']RI.>I>3:="#)]#F^XP.!-0PG
M21E/L*C)DBF;W&1:+0/(JRA0<+ULH\AUX(C%UA$JA"RZ!'PEQBR[B8^$DMN4
MIRR7N +D*BW"2?!GK@Y)[X.LU\3R?T6^R!'L#+R8?G!ZONH$&#*>&/CF *K+
MOJANUBF9GI.K(;J)1._+&K=-C-*KE8@L+Y?BPK*?J&[N).?+,R/C/S)7/6#H
M:M0L"-S1LY7U@H-=.(5+NC0-^M^ZFA(G]ED&A2=C?]=1=<]?B0)#%?FT3E/<
MP+6FO;/KW?IR^NM,(^OOTBYKVHW'=\J/W]2U[(]:0 C2CA[U;SY"3,'<JGC2
M+@Y^';K'KV@8I+FN,$T/9EL*=96Y$69YF4N6;>7?Q:@]J0N4\IW%V8DR_)8H
M&AQA?7!X]R&<T=MP,#_.V>?)1FD++,NUMS_:LVM6J:7?R6E9< %,BC*@6(A%
M/&UZ4@KAQ">VW]Q!.<6K30#D&U",!Q3$II/FT=2O?I;,3E@5<H= 7[VC2VN#
M<ONRE:LKI6A8/+*%0:I+J=4M]BDZSA!:Z Q& 0-!*%*!NT*TP1:\3PQ9NZ %
M&T1 'YGL-B'J][.W[VI'7/IAHZ7/[_:3(\X]=LD8:>XQN3VG3).[6\57G8Q-
M8J.5J")@A%"0R; 3\D?$__)ENEGM[/T@-;:0M5Q&>\P8/16Z:%1Y#K9P\6X[
M*EX*4*2>)'KA-DK@(C2N69KL)*]4Z2D@XKC!/K##NF]:2E(O79WW"[\"DDRJ
MPL?I^=.JB.'6NSKL6]\\-GZ_![82#L.5</ L7 IL<^P6P7T7? 2+@,:GL0J*
MY)3+$)_.31HN@KLHE7KL"^'YZH7P@6XCN/TAK',&ZPVCLWR>5L[5H07R(Q3*
M$PG>:0F#%9%AI9>2?CAGCVA7,'7#N?7\5M;/-*_Q#Q%2B\LR'R?V7^-Y7"05
M0YUR'M8+C55X1#<X.F 8WWI<;+M7VG:$KC:I'W! A"_-C!;CA88W+=SSE8-[
M-F">,P.U1\9[CN<^[[EFOC]0:\9.,1)6>A>55>?J*L=]#7LTVA.0ZD% :#>P
M9&QX["&]'@2[ML])V$5O/]H2<*E4+G.P85?#B:-JKFM!HP=[L2(7+>L!RC58
M !E;Z#K9*)MM&Y*O>V9.#=,WJ_J1QHD5 5-;C[G/T[W,SH_VLAR3GALZ\!'D
MPRV<YY\R'O/PD>(Q7^_PF#L\YOV? 9O4*:A1,?2%Y,(X2P8,[)FLZZ8P%:@R
MW#)&+(-6R 69'J4MKIZ2$4,CD05LG![KZ:I[BWY'*!0)5XOH<HM,DA6.K=;!
M1,N2$:*)* J1P6[H*RO9HJ[8UW0V\?74LK+V!M1@&%TH=VYJ\8(6PU(ZJA]K
MDNU'2,-')W5Q8>7>5Z;CO9*,S<JAPIGLRHIEU$-;M*R:ZIY;>(KM\'!;LH!U
MJ7#(AZ>8E4-,S8S,)^N66@N-(4%:U5H ^2,ZGOJMA=;E8H5EXMH&=SKOKY[V
M5J(%H 7 NP@8)L;<0:^876: TZH(%)3@_K0&&R!58ZE<#I::-0#WH_<LU1%/
M%HF6) F.P#)$]AJSTAY&M=%O;8.YO%CJ@%OXJ"U<:I^" [\)$-3ER3_[J\XK
M70?R=R#V/P#2;CF>=:L5PGN<7W*UE>;*A8XZ0U$II]B?.MUKFW3G>(\6A+8.
MQ "\3^.QG*9:!0IU[F%4RAE41M_@M$L!94&EK-;92ETM%E6)DC8NJP6>M4P=
M])O.#_KH9_LS1N_',]9I@V),B0:@(N&X+C,4K?KBWXXZ5U_#&[CLX/H3U?]*
M/)1?J=,98!]\_3"DM;;A-'J<"_$X7(:Z3>LZ#*#$"Q,S!38?,<$>+'L^O@7I
M@@]QE37OR$4TH^.DD)\6O.MGM!! 5PV5NWRBAUKSF+,UG2BT+0!7I9<6<+!;
M?M2F!4WW4PDI*,QV <TK!ECC*B''8.IB'(A%K)3>AGK0WPA'S]*#;4,U)!;&
MXO-2&J3Z22D#DYEGPG["7!O!S[=P1>GY$X8K+O&O70M6!Q[<)3WHFK7"",\?
M:1CAS0,/(UPVL(\@*+#V+N[:\?+EWV[A8+CQX>3[Y3::TWA#<K :M[PK8_5R
M0-_1\\OP?*XWY+(U,'YJ-DH;#X_N!#PKJ>-17(C3+[6EJW50)UP;VD2#7CZ(
MC:VNU5^'^P?K]9A>^#!QD?SGZE?H>U4'G+S3L5>.;J_8R35DO=D3R\/5!1#>
M-@3S6KVURE?%%O]HO=6-\*"J*"Y-QCI^FYBLK%*E,6I*B_,VL)Y*4PTG4T2_
M8TXNC\#?TOU]&T)NC61XJ>('0R=K9E(N[Q$5Y:JC$\Z%^=]*VEMEG4N^EAUC
MBY,YC+[/L[AJR("_XR:N$!%S!=3@N)/_';.&F*O9YL+S#UKY+EGX2O7"N4VN
MR<P;P$74D[@V#24O^IY93IL25)5ZM *F/SA4\#V_P':9X0\HM=Q/\\ 49^M/
M;=/D=@"_=)Z=U 5"Y+1<Z& S33[6Z"T/>3 5#U5N73/+L0JG-43)2TOD<-K1
MYT- 1TYGE1/LX9N0* JJ-UD$8R+:Z8UF<E/H;92(38.1F(U! 5YE<2!\/R$8
M0 7OA$.OHAV_CF9BJ-1(,X#K>_'9VT!AO@SOJJD?>M&HBJO2\GGK([C_RE&>
M)>T[J]Z[-O$G?8\%;6L L+38Q+\MXNS$9$_QJ\\YCO1'/(>J>\G@%N8 4,EZ
M98M#&@G7_0XT3./1C*0!,<%&8[D?_5'#=N))V&7EI0^.E2U7" F8S[@*I#7[
MN6P9P)-4=@O%=8P0XE06C7X1"_F>Y:O3331\G3:_B !VAC2/%^!5UDW/T>CA
M,5\EV5SV4+U;=\K%HWF@IK>(QW,AL6AR#/(,:[V[W-'5(S,QGB6FL .J38E%
M^H6U_X3\8<$?]H^"8TYQI4TC#)YES!OZ*>!&7V\D>[G/G?%24VM8FA).[\::
MN?;$'O";('TPHV?B9C2ZK)/..TS,%(G28CSGF%6W@T1J/.)W97[C.CO9;+;J
M<30S$/"F#MJKL5APSM-F-+"Q97!G]YS^4@CFVZU'6D D><*\BVZ2MUY&WT5*
MQ'Y<"G1U(&22]O!DN?J$^4Q8G#1B&F^[/QEU5/K?3]E@?S?"T\F@-%7Q"/HG
MR -K"OC(I8!YMW]7,.EDJGPM[N%N.D&6DGO=(NQX, JZC$>P>3CLV>BVOWK5
M9D_]6NEF<%')5,6TS/SMA<PH4VG,0>.8ZIYKW>6K!E&0%H@*,ZDO,#S;993L
MHNWW5%CFR4402"Y-<9J,(>#GG,D-F")B[";)E %]Y*&-4EX\58>MI.M]ZEE-
M)PD8(IP\2U&GHD>8UY5*!D(%D]U8II 6,"!'S;,<LH@A#7.]9%SV8;2@<9@C
MY;NR>DX#]#DD%;4Q3JNQ1-P>VI&YQO>1C>84M&0&PH8E#2E&B<4'7_O,M&::
M?>,^9DGZ _( .CP]&';# @=)1B/B2$T,ZAZSI_SO2I@UXU9$9"W.'%P8(YOI
M>%)D&ATRD:>=J,*JPX*L#3X5OYJ8:Z;)N6+Y39U\JU"#3E7[TS9>$TWRF\Z,
M$6;T!?W,@B,&@E>(RRI0)S56S[6Q?-6.9W(%J+0+OY#_7I5&2[E;1:<:70@N
MA=3=&E8<)D3LS/:Y(1-2H1$QS'*FS -I#QTZBX3:2B\NPX"&3:A#\ZSOH60-
MCP5P@=-M.@45>^R&*^CM_>A=70!,@C+71L*+IP>M4 '\VOR=L2U@?B9ALFT.
M35)!1;4P*4\D4+)JXYZ DY7Z0C=&EH'E@<84%$0*$[@*?#A-G((JV/6;\U%[
MR$Y*&+L6UF*W. \Z:;>:^;:],2ULL4H"9'.&/)U@03,AC^]@[$JV]V LQT[C
M5D8"1#Y@QP5'0,TOQ113?#L;,%QCNCSOGRIVI@PX2YEDM8%6O!C H5YJ>S+\
M50,@%(L)Z7*PL%]+O(6?&)SJQ=^#Y=AW$OG'QZ,DQ<T9\8-<;6F"MWJBB[S9
M@CV11J"GLB%;#H:RAE$Q+9T6KOWWTP"?CGG)Q",9>1/4D=$9_6A6@-EO8A7*
M@K;7F7@LC<"Q%93(&JJ 'FVDVQ.D:AI7-&8Y]R)-AG&<@J#938:(Q1?H9>1^
M T$T9><K=E?3FLFA:/6D'J.#64T8O%>WFH)^I%PK$BI?D4WJYIP"(I;7BIG8
M,%70_=-"6U,77KB;?, &+[DUYLJUA&^[ 4OV-=DY!-.*X;VL$5PQ*P#&#0).
MVI_JJ<@>V*LC4UAI!KX]0\544<J>RE[D:E^=Z9F!+41_P8._A,/I&;P< 6UO
M@RR':#Q21Q=.L%6PZG^%4-; -JHP,\O!Q^"T,+8UC!3)#)CTE[3ATWX.1L\>
MDE)Z'TLXYD(7-@<A#]]+LA,8[*=&E;'^HM,IF287$G'QJ11^K>:7"$YPQ"HO
M0""H'_YD874(9UPY/!/R,DXJ"</YKJ<WE)O4TPPVW^CB;-]&+(/.BKHKT\+H
M-& "D2]  BL.G71&$B\6! V9P+AOC!Y^.&#'TN,0U*^O>23\3*9J(6?ZE^2"
M3\D9WE'S;.29EJCK3B!/@=V^$"(>/&?)4C=5"[X.0RL?C^MEK 6*]NN1=C_?
M@V[,!*QLH_$/]^FI2 2-:G&8JES3L&+%A8]POD11-;U4F*;T>W8NW>.4S!-$
MKI"B@%/"@EGMVP[YF@D,P$GCW@T]$&E4,*O<<\A"K!=J@](K\L,F'(Y)SRW=
MJFVF-U*].8_C S_GMX?_?6DG^@H"M]O[<\ PE0+;M_X3RX(T#KHY6J9TD@K-
M;548<15M%<09=$[*QO5EI*ZA:P>]6*,7MW#3_90+2E\\3B3H\V</' FZ*RAM
MV1P/LZ#TYL@/&+,LG/!+#O.XF 5?DG$;0HS6PX;0?LXJN[VZ?(!;3!I^28#_
MD%3B:U]-*E9^C[G.Z<^?$3"D;OT6:3X8X8ID"*$+6DPZF:7[@U!T;L*B&-:Q
M\/:[JT8#R(E=,I4,%F\&K41G+10$A30KNV)6+F0_^B!NGC0.NQ-^[#$HU&Y)
M?ZN@7ADDN/V-Z.LFH$0'K@=4TM9^J(P(%Y+70CVS3*HXC4=T\*JHLTN\_H[J
M(0%TM3O8\TW']#4\;;AX8;>6BQA5&F0<H!,4<O"]J>:0"HZ4G3(5S0_ 23@/
MC"%RM;<C)S@M55WPU:(_SL1M#4;Z0C^*WND/YGK:)P)-J3G_.K/%N(4%'4C_
MH_ZXX-*R4*O1X4V"N;VV$H<J-.)E.@74[ M+T;/IG8XE3819P7@2#:23!RYU
MS5MHM^Q*B.][RWZ/O336S$)>M$7NG!'<6_/[VBDFAY5/N!QZALDDB0N4:,$5
M<FY"CN+DJ.CQ+FRP7MJBBY"Z9@ETCPHB2MHJ&L?LH)5U@=1-&9EJ3+MOH-?7
MD.&[S,UHN"0=-AMIRDI0MA5$QD[%7I>D&/W+T6:-=^I[V]X<(:=DG _730SJ
M,$VM_C2$C]$N31DMC2@7LJ0C^W7:;6F]6#Y% K(T5:4ZD#)PIS"=N=+;]8PG
M7S>2X0@S#C2*^2R#W(K&O9 ]*E WM^#-N904:I $&Q7)9&9D;B']MN#WDHKT
MD:G.#/;SN*"I$723S6#)Z#3F"XS-I'2BE'A7;8K.V^':T <9/\SF9*FEA[A6
M)QD[CG0--3N63CA_&&5Z-TBB7%(P\FJ] IM7URNP>;-!\$M*F;.XJHMKE[_<
M]MML8;!1J /72MZ\<ADJWM??7"]#]1W7X?Z <3%WDHG:Y&4^?GYQ/3/D?_[Q
MEB/^C+X4"]02%8P<0IL+,T(_J61]1"4#Y!YFNW1D9H4MR( KQ>DJ^FURFDQJ
M\2JL'U329K:T)O'<W(!P=*.7W2Z0WHK@ I]80*65$IG4,O52D"U21HX34LCF
MSI^F\9EU*C'7^;12(:HQAQC=&-!Z&*=QLI"@L3W\'T]Z_8KTS<O]%^LD<,8,
MS.D<<HU?AY/J_6_[\:9;U > X),LC3E-?NN)JCMZT^LOGX<S,F%2!";820*N
MZH>("5F5WF/8QYOX1I"/YOQ]@.F]%1O5^UZ!W<)&EE \P#&4N01X-/AR\&(_
M^E=,[E$1'3X[>"75$-'%F1F?E-$[ ?IR#"I)TR1>D(\ !!H;_=]0%P'Y]<^\
M6.8"&!WR*_P+T(KS8?3KA^.AQJVPC2-"2.=H3_#2E^2$,1HIP,21\L]Y/1I=
M]9SB+"E&5;<H">&?XW]^%7W-1%W::.K:]]EX7^[S[[PXT;LHG"%3>.F'\;Q.
M)Z>6?VZD9@8 :NO>D=;A-]KQ@A7Y]</;Z/F39\^>V?^&JSXZ>/(R^$A:A,\/
MP\_9?,&G+YX\>W[PY/7K5T_>O'ZY_^JU#J5]_?<_'+NF:DM_,EE6GJ>G<9;$
MP6CUO;5[Y_ VTJ*5]^I]\P-J\]&3-T<'3XZ>O]I_\8J+^NBA"Q73.T.L$Q?_
M\YMWT<'+)\^.#I^\>?'JR8N#@WURUJ+WN' &>C_H*7:'6V?UX=&3(_SRU2'G
M@S(IS>F& 3'#Y/$_T LT'G[X8O_@)6*(:P\U1N+-DX.CUT]>O'D6/K=_?J_]
M\/6&CH$S -?<:GQR/:MHAU6Y+E;E&H=9_S'_B ZR4!8X4 26<PRX<7(-2D$^
M3^PIIH?8N9QB\",L+GQ9T[%1!MAM.GJX[N#:1UJ<Z7DVKGQ\]MS5)(1A7&[]
MND=8(_X[_JNF)Y"[4P YM_;YA< <N4^6F(!><\W?VIB=HNKIAWPJ#7'TV/]6
M?"03XV#XLGWI8>,C5R,AQ]60CJLA'5=#.:Z&01@V/9<*"_?NZ^V  !WAW>U;
M7_4K>Z+*6=5]^0-J]M&0SJJAGE5<[R2*S"[<*^?4D,ZI(9U30W=.(<)+/FW6
M'%9( "=E67/QT]'P"+^B,\KRH-GY7,[CPG.J-293C$!K\_%R6# >'TF%=><*
M>OC-D(ZK(8XKWP3_]!7S>:TFK#-D]^F^?WKXGI>/%-]SL,/W?*KXGON)S?RV
M?_/"D^\2.M]%(>F&"?SMBZ>MG^Q_*./7'JU'%5![_FR#GCBNIZDX]:5B>J29
MC1YZ@+X(_WGX9O]HS<2Q7'KM\B@N\$>$)5XL&''%15)_ M!T880(Q^&OH*V@
M.2X-ZF61D)(H(@YQAY*E'%PQ43LM%JT:-WP7C%TW2#$R0?74SN&_J<._T6+K
M'AMOR7G(T]I6^3Z.94?^TM'J3&@'L''T\MK%*KKPHN^-X0ILX%;@U)%GPW7@
MY/;DM"REL+K5U6FP2EH2#\!Z<<VOKW^O>C*A@"6=X5X-])'.#+[FV"LEW@4J
M9O->WI[BXH^VHU\+IQUNH8+;%4$ X)6;3(U@#2MFS*$X!3J[3"QKHOR$)5"Q
M?RMCF6S(G?/"JO[\1)^Q)JJ#%8NP@30+3=E">-7U9L>.Z>AF\H1^ACI@XC@N
M"J#9M=!M!3V04O]06Q C=7J#[<T4L2V&869549>-\C"Z \O?6$0JYNPC F]L
MT_:UB>Q1[_8%"'Z'->[HQ6$$+=0??Y9MZJ+63.E<2#UCZ*&V0?KVKGD1[D],
M"$B;HH7Y]Z3EI%$=$;+WBT4.[A+4G<MFJ3+=5DTF1J&Y*;1ICZ*L>[?W75_5
MJW?O:YENLA56\8D!3'EL^FRYV*X Z!&9O_;M/3Z<D8E(=Q*D_(^.MDJAVZF;
M_B60;YK^J*MY7@#VC4V1;,PP-P4AHD:]+AFD$&2!<V<&V*%19TL7Z[R7>MMX
M?*MLAKNMU&ZEF^CWO+7E%MV=#25:QCK?V*P:_C5;BURM]DN2,F4GJM8*!6&P
M=U\IT\CQ"6:7K9Z2'WU/<V86<XT!\V+:HC0U +\T 1\&QL<DZ3W,EMVF=Z--
M;R,AJ:FC6\;.-C$CVE'FX-T"37 $:H(2-?Z2EP2Y*KFIJ)LI@WH5Z#8!88!"
MQT5.<Y(M.:0%YSE-RD(4I(M\F1>VP,FG3TLNO*&W>#R[TCW%J=]O'*C^'M6<
M2>K+:3\LP9UM&G*O#P<%^]!0N]<8L3"Z]P.3N IGX'=Q-JL#SL$58:+[/HSO
M(!UQ$$EOM.>R/=&XRAE4['?"U/9XL@W6(B%+@F;XA9'<@)70C!=5.4KCJF*'
M;\*$DDS\!3Z GVHR9D_$F)4"\8Z/MO5&Q"[GX'(.!YMN1TS_7&>T?T@]KXM9
M'V<9'?%C*7Q]N$OO8Y%C84F-I:8WEBS $BMK?(DK.I+L@VA_-I=NV5F[<M7C
ML;.VR?O;),H:'E4KP-YQUN?#"49?@OF=HRTRQ31/V8WD:%>P*T/NY+ZFR"X0
MM@T^X2;3\X/WW*3527;JY-V5O3O<[E=M3+QYE7,SL<C4A[)+?7I@SU>/%.QY
MN -[?JI@S_OQ1@^OZ<OW!UX>H,&\NMP4:I1&A<Y^3Q 67!;U>%YZ)C#AYZJK
MTK-Q(RC%.#<'87@7EXQ)8_8&WUGBER;&W<!=N$#,VXR8'^P6&+#NR5&\54JL
M.W :#]>?]Y<%J]1O#"-6CV@1J!S*J5(T3<QIHC:49602I$1!#Y"F,,><<_[*
ME8$]MLM@?=D?(#&9,8HB2K6[A\'=.;,(DO8Q-Q7J,Z=QDMX?RB(TNBZQ$MP#
M'M5I]NQO=TVU\H<2[],F.*2](?HA/Q7NLL-GAP?1_[W_Q^?__5]_U/IU\]O_
M^_S]/U;OF^NY5N&+WDBR_M(]<F-JG.L')JXR=#\O/X]^3)/3A(\H0^.U@C/K
M([3Y'W?=$+=T/P%/Z>@+5><L_T[G&-D<C\A;>KZ^MW3/KLOG7_[X]M]\:GSS
MR_??T5_^'U!+ 0(4 Q0    ( (>!-%3JIX4" P0  &$2   /
M  "  0    !C8BTR,#(R,#$Q-RYX<V102P$"% ,4    " "'@314_J<WHV0)
M   P<@  $P              @ $P!   8V(M,C R,C Q,3=?9&5F+GAM;%!+
M 0(4 Q0    ( (>!-%0W_>FR'@T  !2C   3              "  <4-  !C
M8BTR,#(R,#$Q-U]L86(N>&UL4$L! A0#%     @ AX$T5'XH5?.E"   M&P
M !,              ( !%!L  &-B+3(P,C(P,3$W7W!R92YX;6Q02P$"% ,4
M    " "'@314GF@">+H9  ""L0  $0              @ 'J(P  =&TR,C,Y
M,3%D,5\X:RYH=&U02P$"% ,4    " "'@31433SK%'.;  #<8 0 %
M        @ '3/0  =&TR,C,Y,3%D,5]E>#,M,2YH=&U02P4&      8 !@"!
) 0  >-D

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
