2. Investments

Currency

Capital in thousands

Shareholding

CPH Immobilien AG, Root, Switzerland 1

CHF

500

100 %

Chemistry

Zeochem AG, Rüti ZH, Switzerland 1

CHF

1 000

100 %

Zeochem L.L.C., Louisville, USA

USD

36 547

100 %

Zeochem d.o.o., Zvornik, Bosnia-Herzegovina

BAM

2

100 %

Jiangsu Zeochem Technology Co. Ltd., Lianyungang, China 1

CNY

82 800 2

100 % 2

Zeochem Pte. Ltd., Singapore, Singapore

SGD

1

100 %

Paper

Perlen Papier AG, Root, Switzerland 1

CHF

81 000

100 %

Perlen Papier Immobilien AG, Root, Switzerland

CHF

1 000

100 %

APS Altpapier Service Switzerland AG, Root, Switzerland

CHF

100

100 %

Perlen Deutschland GmbH, Munich, Germany

EUR

100

100 %

Hotel & Gasthaus Die Perle AG, Root, Switzerland 3

CHF

100

100 %

Packaging

Perlen Packaging AG, Root, Switzerland 1

CHF

24 000

100 %

Perlen Packaging L.L.C., Whippany, USA

USD

1 000

100 %

Perlen Packaging GmbH, Müllheim, Germany

EUR

1 300

100 %

Perlen Packaging (Suzhou) Co., Ltd., Suzhou, China

USD

13 000

100 %

Perlen Packaging Anápolis Indústria e Comércio Ltda., Anápolis, Brazil

BRL

2 464

100 %

1 Directly held by CPH Chemie + Papier Holding AG

2 Until 18 September 2023 92 % of CNY 90 million, see note 32 to the consolidated financial statements

3 Founded on 6 September 2023