Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ 5 per cent of the an­nu­al profit shall be as­signed to the stat­utory re­tained earn­ings. If there is a loss car­ried for­ward, it must be cleared be­fore the profit is as­signed to the re­serve.

² The stat­utory re­tained earn­ings shall be in­creased un­til, when taken to­geth­er with the stat­utory cap­it­al re­serve, they reach one half of the share cap­it­al spe­cified in the com­mer­cial re­gister. Hold­ing com­pan­ies must in­crease the stat­utory re­tained earn­ings un­til, when taken with the stat­utory cap­it­al re­serve, they reach 20 per cent of the share cap­it­al spe­cified in the com­mer­cial re­gister.

³ Art­icle 671 para­graphs 2, 3 and 4 ap­plies mu­tatis mutandis to cal­cu­lat­ing and us­ing the stat­utory re­tained earn­ings.