The investment consists exclusively of the acquisition of shares in Ubud Nyuh Kuning SAa limited company under Swiss law set up to own and operate a portfolio of 5 premium villas in Nyuh Kuning (Ubud - Bali).

Investors become shareholders in the Swiss company and benefit from :

• economic rights proportional to their shareholding,

• a right to potential dividends from the business,

• voting rights in accordance with the Articles of Association,

• indirect exposure to the real estate assets held by the company.

The company is financed exclusively by equity, with no initial recourse to debt.

🔹 1. Nature of the shareholding

The investor subscribes to shares issued by Ubud Nyuh Kuning SA.

The capital structure is as follows

• Share capital: CHF 100,000

• Reserve from capital contributions (Agio): CHF 1,015,000

• Total equity: CHF 1,115,000

Contributions are fully paid up at the time of subscription.

🔹 2. Shareholders' rights

Investors' rights are governed by :

• Swiss company law,

• the company's articles of association,

• where applicable, a shareholders' agreement.

Shareholders benefit in particular from :

• a right to dividends distributed,

• a right to a share of the proceeds in the event of liquidation or global disposal,

• a right to information and reporting.

🔹 3. Income distribution

Distributable income is generated by the hotel operation of the villas.

After :

• payment of operating expenses,

• constitution of provisions and reserves,

• validation by the General Meeting,

the company may distribute dividends.

Distributions are planned on a quarterly basis, subject to actual results.

4 Governance and transparency

The company is administered in accordance with Swiss law.

Governance mechanisms include :

• a Board of Directors,

• bookkeeping in accordance with Swiss standards,

• annual reporting to shareholders,

• compliance with applicable legal obligations.

🔹 5. Investment horizon

The investment is designed for the medium to long term.

Value creation can come from :

• regular distributions,

• operational optimisation,

• the valuation of the underlying assets,

• a global sale of the villas or the company.

🔹 6. Liquidity and exit

There is no organised secondary market.

Exit options include

• private sale of shares,

• internal buyout,

• the global sale of property assets,

• the strategic restructuring of the company.

Risk warning

Projected returns are provided for information purposes only and in no way constitute a guarantee of performance or distribution.

Deviations from forecasts may occur, in particular as a result of :

• developments in the property and tourism markets,

• operating conditions for the villas,

• changes in occupancy rates or ADR,

• regulatory, fiscal or macroeconomic factors,

• external events beyond the company's control.

🔄 Foreign exchange risk

Operating income is generated mainly in Indonesian rupiah (IDR) and/or international currencies (notably USD), while the Swiss company keeps its accounts and makes its distributions in Swiss francs (CHF).

Fluctuations in exchange rates between :

• Indonesian rupiah (IDR),

• the US dollar (USD),

• and the Swiss franc (CHF),

can have an impact on :

• consolidated results,

• distributable cash,

• as well as asset valuation.

Unfavourable currency movements may reduce the investor's effective return.

🔄 Foreign exchange risk management

Rental income is generated from an international clientele and can be invoiced in hard currencies.

The Company may organise its financial flows in such a way as to optimise currency management and limit direct exposure to local currency volatility.

However, as a proportion of operating costs are borne locally, there is a residual exchange rate risk.

Fluctuations between operating currencies and the Swiss franc (CHF) may have an impact on :

• operating margins,

• distributable cash,

• the consolidated valuation of assets.

If deemed appropriate, the Board of Directors may set up mechanisms to manage or partially hedge foreign exchange risk, depending on market conditions and the economic interest of shareholders.

However, there can be no guarantee that such a policy will completely eliminate exposure to currency fluctuations.

Investment carries a risk of partial or total loss of the capital invested, as well as a liquidity risk.

Before making any investment decision, investors should read all the contractual documentation and, if necessary, consult an independent financial adviser.