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kFIVZG »JFbEeG OIRSLEG OENQEG NVG QNRSG SNVENVhG jNVG KIIFG ¼KXEG a]FPEVG SEJLEG aNEPEF F_OOEVhG DIQG aJ`LEG EFWG PEVVG PITNLG TJ`LEG EFG KEFTIVEVLG QENVEG ½IRSLK_QNLN_V JVLEFTIJEFVhGjFGTIRSLEGQNRSGV_RSGZENVEG¿EPIVZEVGPIF]MEFWGaEFGPIQGQENVGa]FPEh UJFGFERSLEVGUENLGa]FPEGEFGENVEGjVLQRSENPJV^GXcOOEVh ÄOQGEFGPEVGÂ_TTIVP_QLIVPGMELFILWGbEFPFcV^LEGEFGIOOEG¿EPIVZEVGIVGQENVEGMENPEV HIJKLKF_MOETEhGDNEG½EFM_OEFWGQENVEGjFgXENVPEWGa]FPEGEFGV_RSGMEQNE^EVhGÎVPGPNE ÓNPEFQLIVPQ^FJKKEGNVGQENVETGEN^EVEVGÏ_OZGa]FPEGEFGIJRSGV_RSGgEFQRSOI^EVhGjQ MFIJRSLEGEMEVGIOOEQGQENVEGUENLh ÄTGjVPEGa]FPEGEFGPEFGIOOENVN^EGHEFFQRSEFG]MEFGQENVEG¿IOIÀNQGQENVh
45 EFGHIJKKLMNLOHPJGQRSTMUQHLONVGNLWHXURHYUOHIURHZLFSTLGH[\OHIFLHIOLFH]LR^STLO_ RFSTH `JGH ILaH bUMNLGH cLNUMMdJILGH e^H LOTLdLGH ^GIH ILaH ]FLRNH FGRH PLRFSTNH e^ dMFSbLGW f\OH ghNNOUSH iiiH ^GIH ]U^GUNUGH YUOH LRH IFLH LORNLH KLORVGMFSTLH ]LQLQG^GQH aFNH ILa UMMYFRRLGILGH jLOORSTLOWHiTGLGH YUOH IFLH kGRFSTLOTLFNH IL^NMFSTH UGe^RLTLGWH gKhObJ l^O`Lh_H ILOH mJaaUGIUGNH^GIH EnKLIFNFJGRMLFNLO_H YFObNLH IUQLQLGH QLMURRLGWH gLFG ]LYUST^GQROJdJNHdLRNOU[NLHIFLRLHPLRNLHaFNHLFGLaHjFLdHRLFGLOHoL^OJKLFNRSTL_ ^GIHRJ[JONHRLNeNLHILOHPLNOJ[[LGLHLFGLH^GNLOY\O[FQLHcFLGLHU^[W ]U^GUNUGH OLQFRNOFLONLH IURH PLRSTLTLGH aFNH Z^[OFLILGTLFN_H JTGLH RFSTH RLFGL PLIUGbLGH UGaLObLGH e^H MURRLGWH ghNNOUSH iii_H ILOH ]FJMJQL_H YFObNLH IUQLQLGH [URN RN^aK[RFGGFQW piSTHTUdLHFGeYFRSTLGH[URNHUMMLRH\dLOHIFLHX^OST[\TO^GQHILOHEnKLIFNFJGHLO[UTOLGW* fOUGbH l^O`LhH O+bLMNLH RFSTH dL,^LaH FGH RLFGLaH dOLFNLGH lTOJGRLRRLMWH cFNH IFLRLO EOV[[G^GQHILRHPLRKO+STRH-UQNLHLOHILGHIOLFH.UGNLOGHLFGLGHQLTVOFQLGHgSTOLSbLG LFG_HILGGHIFLRLHY^/NLGHGFSTNRH`JGHILGHQLTLFaLGHiG[JOaUGNLGHILRH]FLRNRWHpEFG KUUOHmMLFGFQbLFNLGH[LTMLGHGJSTWHXLRTUMdHTUdLHFSTHL^STHe^HaFOHdL[JTMLGW*HpiSTHdFG RFSTLO_HaLFGHjLOO*_HdLQUGGHILOHmJaaUGIUGN_HpIU/HFSTH^GIHaLFGLH0dLOMLdLGILG GJSTH `FLMLH FGNLOLRRUGNLH XFGQLH e^H dLOFSTNLGH TUdLGWH 1^STH IFLH gKLFSTLOH ILO .LSTLGUGMUQLGHRFGIHOUGI`JMMHaFNHiG[JOaUNFJGH\dLOHIFLHPLRSTLTGFRRLHFGH^GRLOLO PUMUnFRWH2FOHTUdLGHaLTOLOLHgN\NeK^GbNLHILOHcLOdJMLOHU^R[FGIFQHQLaUSTNH^GIHWWW* pgSTYLFQ3*H IJGGLONLH IURH ]FLRNWH pX^H OLILRNH U^STH G^O_H YLGGH I^H QL[OUQNH YFORN_ gKhObJHl^O`Lh3* ]U^GUNUGH ^GIHghNNOUSHiiiHdMFSbNLGH RFSTH dLFH ILOH EOY+TG^GQH ILRH oUaLGRH b^OeH UGW mLFGLOHILOHdLFILGHOUGNFRSTLGH2FRRLGRSTU[NMLOHbJGGNLHRLFGLH0dLOOURST^GQHQUGe `LOdLOQLGWHXLOHmJaaUGIUGNHYUOHUMRJHLFGH4LOYUGINLOHILRH]FLRNLR3HXURHbJGGNL G^OH`JGHoUSTNLFMH[\OHIFLH2FRRLGRSTU[NMLOHRLFGW ]U^GUNUGHdF/HIFLHZ+TGLHU^[LFGUGILOWHXLOHgSTYLF/HNOUNHFTaHU^[HIFLHgNFOG_H^GIHLO Y\GRSTNLH RFSTH UGH IURH [LOGRNLH EGILH ILOH PUMUnFRWH 2FLH Y\OILH IURH ]FLRNH U^[H IUR OLUQFLOLG_HYURHLOHe^HdLOFSTNLGHTUNNL5HXFLHkGQLYF/TLFNHYUOHQOJ/W pghNNOUSH iii3*H XURH ]FLRNH eLFQNLH aFNH U^RQLRNOLSbNLaH 1OaH U^[H ILGH ]FJMJQLGW p]LRSTO+GbLHIFSTHU^[HYLRLGNMFSTLH6^GbNLHFGHILFGLaH]LOFSTNW*
XFLH jUMN^GQH ILRH 1GQLRKOJSTLGLGH RNOU[[NLH RFST_H Y+TOLGIH RFSTH gKhObJH l^O`Lh ILa\NFQHTFGbGFLNLH^GIHYUONLNLW pERH FRNH aFOH QLM^GQLG_H U^[H LFGLaH 6MUGLNLGH mMLFGKUOURFNLGH e^H [FGILG_H IFLH RFST QLGLNFRSTH LFG[USTH aUGFK^MFLOLGH MURRLGWH cFNH ILaH dMJ/LGH 1^QLH RFGIH IFLH 7RUM8 7NTGJRH GFSTNH LObLGGdUOWH gFLH RNLMMLGH IUaFNH LFGLH YFOb^GQR`JMMLH 2U[[LH QLQLGH UMML fLFGILH IUOWH gFLH MURRLGH RFSTH UMMQLaLFGH KOJQOUaaFLOLGH JILOH RKLeFLMMH U^[ dLRNFaaNLH9LdLYLRLGWHcLFGLH4LOR^STLHTUdLGHIFLRHUMMLRH`JMMHdLRN+NFQNW* ghNNOUSHiiiHeJQHeYLFH6TFJMLGHU^RHRLFGLOHmJadFGUNFJGH^GIHTFLMNHRFLHFGHIFLHjVTLWHiG ILGHbMLFGLGHPMURdLT+MNLOGHYUOHG^OHLFGLHQOU^dMU^LHcURRLHe^HLObLGGLGWH7dLGHUG ILGH6TFJMLGHYUOHLFGHcFbOJQLO+NHUGQLdOUSTNW iGNLOLRRFLONHRNUOONLHfOUGbHl^O`LhHU^[HIFLH]LT+MNLOW pgFLHMURRLGHRFSTHU^[H-LILRHdFJMJQFRSTLH9LdLYLRLGHLFGRNLMMLG5*H[OUQNLHLOHMU^LOGIW p2FLHQLRSTFLTNHIUR5HkGIHYLMSTLH2FOb^GQHTUdLGHIFLRLHWWWHIFLRLH7RUM87NTGJR5* pXFLH 6OJQOUaaFLO^GQH QLRSTFLTNH I^OSTH IFLRLH mMLFGQLO+NLWH 1MMLR_H YURH aUG dLGVNFQN_HFRNHILOHQLGLNFRSTLHmJILHILRH7K[LORWHgLMdRN`LORN+GIMFSTHTUdLHFSTHaLFGL ZLFNHQLG^NeN_H^aHILGHmJILHILOHcLOdJMLOHe^HLOaFNNLMGWHXFLH2FOb^GQHFRNHLFG[USTWHXFL 6UOURFNLGH eLORNVOLGH PLTFOGH JILOH jU^NH JILOH FGGLOLH 7OQUGL_H -LH GUST 6OJQOUaaFLO^GQW* piSTHY\GRSTLHLFGLHXLaJGRNOUNFJG*_HLObM+ONLHIURH]FLRNWHp2LGGHRFLHLO[JMQOLFSTHFRN_ RNLTNHILFGLOHEnFRNLGeHUMRHghNNOUSHi4HGFSTNRHFaH2LQW* XLOH]FJMJQLHdMFSbNLHRFSTHTFM[MJRH^aWHpiSTHdOU^STLHLFGH7d-LbN*_HRUQNLHLOHMLFRLH^GI ^GRFSTLOW poFaaHFTG3*HXURH]FLRNHeLFQNLHU^[HgKhObJHl^O`LhWHpXLGHQLGLNFRSTLGHmJILHLFGLR .UGNLORH YFORNH I^H -UH bLGGLG_H ]FJMJQL3H XFLH 7RUM87NTGJRH RJMMLGH RLFGLH 1OaL LGN[LOGLGWHf\OHRLFGLHG+STRNLH1^[QUdLHYFOIHLOHRFLHGFSTNHdLGVNFQLGW*HpXURHbUGGRN I^H GFSTNH aFNH aFOH aUSTLG3*H RSTOFLH gKhObJH l^O`LhH U^[WH piSTH YUOH IFOH FaaLOH LFG QLNOL^LOHXFLGLOW* piSTH I^MILH bLFGLH fOLSTTLFNLGW*H ZJOGLROVNLH \dLOeJQH IURH PLRFSTNH ILRH XFbNUNJORW poJSTHLFGH2JONH`JGHIFO_H^GIHFSTHMURRLHIFSTH`JGHILGH6UOURFNLGH`LONFMQLGW* XFLH.JdJNRHRKOUGQLGHTFGe^H^GIHKUSbNLGHILGH.UGNLOWH2FILORKO^STRMJRHMFL/HRFST gKhObJH l^O`LhH U^RH ILaH .U^aH [\TOLGWH ghNNOUSH iii_H ILOH RFSTH RSTJGH UMRH ghNNOUSH i4
[\TMNL_H[JMQNLHFTaW : pkGIHG^GHe^HIFO_H]U^GUNUGW*HXURH]FLRNHYFObNLHKMVNeMFSTHQUGeH-J`FUMWHpcUGHTUNHaFO dLOFSTNLN_H IU/H I^H YLRLGNMFSTLH fUbNLGH \dLOH IFLH 4LOQUGQLGTLFNH ILOH .UGNLOH FG EO[UTO^GQHQLdOUSTNHTURNW* piSTHdLY^GILOLHILFGH2FRRLGW*H]U^GUNUGH`LOGLFQNLHRFSTHNFL[WHpiSTHbJaaLHaFOHe^ ^GRSTLFGdUOH`JO_H^aHIFSTHaFNHaLFGLGHEObLGGNGFRRLGHe^HMUGQYLFMLGW* piSTHTVOL_H]U^GUNUGW* XLOH jFRNJOFbLOH [U/NLH RFSTH LFGH jLOeWH pkGRLOLH jLOb^G[NH YUOH dFRTLOH YLFNQLTLGI ^GdLbUGGNWHERHQLMUGQHaFO_HLNYURH9FSTNHFGHIFLH4LOQUGQLGTLFNHe^HdOFGQLGWHXUHU^[ .UGNLOd^OQH I^OSTH ILFGLGH YLFRLGH ]LRSTM^/H bLFGLH 1^[eLFSTG^GQLGH \dLOH IFL [O\TLOLGHZLFNLGHI^OSTQL[\TONHYLOILG_HYUOHaLFGLH1OdLFNH+^/LORNHRSTYFLOFQWHiSTH[UGI UdLOH gK^OLG_H IFLH RFSTH e^H LFGLOH M\SbLGMJRLGH mLNNLH ILOH PLRSTLTGFRRLH RSTMFL/LG MFL/LGW* pfURRLHIFSTHb\OeLO3HiSTHMFLdLHbLFGH1dRSTYLF[^GQLGW* poUN\OMFSTW*H 2FLILOH `LOGLFQNLH RFSTH ]U^GUNUGWH pERH FRNH RJ_H IU/H ^GRLOLH PUMUnFR GFSTNH^GRLOLHjLFaUNHFRNWHXFLH.UGNLOHRNUaaLGH`JGHLFGLaHQOJ/LGH4JMbHUd_HIURHFG ILOHG+STRNLGHgNLOGLGFGRLMHdLTLFaUNLNHFRN_HIFLHaUGHIJONH1GIOJaLIUHGLGGNWHkGRLO kORKO^GQR`JMbH dLRNLTNH FGeYFRSTLGH U^RH `LORSTFLILGLGH lLFM`VMbLOGWH 1dLOH IFLRLR kORKO^GQR`JMbH FRNH LdLG[UMMRH e^QLYUGILONWH ERH a^/NLH GUSTH LFGLaH QOJ/LGH mOFLQ_ ILGHLRHLFQLGNMFSTH`LOMJO_HRLFGLHjLFaUNH`LOMURRLGWHXJONHGUGGNLGHRFSTHIFLRLH2LRLG 9La^OLO_H ^GIH IFLH PUMUnFRH TFL/H cFMSTRNOU/LWH ERH QFdNH FGH ILOH cFMSTRNOU/LH GJST oUSTbJaaLGH`JGHFTGLG_HRJHYFLHLRH^GRHFGHILOH.UGNLO8PUMUnFRHQFdNWHiaHkGNLORSTFLI e^H^GRLOLGH4JO[UTOLGHRFGIHYFOH.UGNLOHTLMMT+^NFQLOW* piRNHIURHUMMLR5*HXFLH1^QLGHILRH]FLRNRHdFMILNLGHRSTaUMLHgSTMFNeL_H^GIH]U^GUNUG [OUQNLHRFSTHLOGL^N_HYFLHILOHjLOORSTLOHOLUQFLOLGHY\OILW p9LFILOH GLFG*_H UGNYJONLNLH LOH eVQLOGIWH pXFLH oUSTbJaaLGH ILOH 9La^OLOH FG 1GIOJaLIU_H IFLH ^GRLOLH 4JO[UTOLGH RFGI_H TUdLGH IFLH .UGNLOH `JGH IJONH `LONOFLdLGW 1^RH ^G`LORN+GIMFSTLGH PO\GILGH YUOH FTGLGH ^GRLOLH jUMN^GQH ILOH gN+ObLH ^GI mJGRL,^LGeH e^YFILOWH gFLH TFLMNLGH ^GRH [\OH RSTMLSTNWH ERH MFL/H RFSTH MLFILOH bLFG `LOG\G[NFQLOH PO^GIH [\OH IFLRLGH iOON^aH [FGILGWH ]LFH ^GRLOLGH 4JO[UTOLGH QFMN dLFRKFLMRYLFRLHIFLHRFGGMJRLHcUnFaL_HIU/HIURH9LdLGHLFGLRHEFGeLMGLGHaLTOHYLON
FRNHUMRHILOHfJONRSTOFNNHFGHILOHjLOORSTU[NW*HpPLFRNFQLOH4LO[UMM3*HaLFGNLHfOUGbHl^O`Lh Ud[+MMFQWHp2FOHRFGIHLR_HIFLHILGHYUTOLGH1^[RSTY^GQH`JMMeJQLGHTUdLGWHcUGHa\/NL UMMHIFLRLHaFGILOYLONFQLGHmOLUN^OLGHU^RHILaHkGF`LOR^aH[LQLGW* pgLTOHOFSTNFQ*_HdLbO+[NFQNLH]U^GUNUGHRSTGLMMWHp2FOHbUaLGHUGH`FLMLH7ONL_HUGHILGLG +TGMFSTLH YFILORFGGFQLH1GRFSTNLGH `JOTLOORSTNLGWH X^H TURNH UMRJH GJSTH `FLMH e^H N^GW* fOUGbHl^O`LhHMUSTNLWHpZ^LORNHYLOILGHYFOHIFLHcLOdJMLOHdLRFLQLGWHgFLHRFGIHRNUOb_ ILGGH RFLH ILGbLGH ^GIH TUGILMGH +TGMFSTH YFLH YFOWH XUGUSTH YLOILGH YFOH ^GRH ^aH IFL oUSTdUOQUMUnFLGHb\aaLOGH^GIH^GRH^GRLOLGHILQLGLOFLONLGH4JO[UTOLGHe^YLGILGW* XLOH jFRNJOFbLOH GFSbNLH ^GNLOY\O[FQWH pcFNH YLaH TURNH I^H IUO\dLOH QLRKOJSTLG_H IU/ ^GRLOLH 4JO[UTOLGH RSTYUSTH RFGIH ^GIH IU/H RFLH ^GRH ILGGJSTH `LONOFLdLGH TUdLG5* XURH]FLRNHdLbUaHLFGLGHMU^LOGILGH]MFSb_H^GIH]U^GUNUGHUTGNLHGFSTNRHP^NLRW po^OHaFNH9JRNU[_HaLFGLaHLTLaUMFQLGH1RRFRNLGNLG*_HLGNQLQGLNLHLOHOURSTWHpEOHMLdN -LIJSTH GFSTNH aLTOWH iSTH TUdLH FTGH dLRLFNFQN_H YLFMH LOH PL[UMMLGH UGH ILaH iOOQMU^dLG ^GRLOLOH4JO[UTOLGH[UGIW* pP^NH RJW*H fOUGbH l^O`LhRH ]MFSbLH LGNRKUGGNLGH RFSTH LFGH YLGFQWH pERH Y+OLH RLTO RST+IMFSTH [\OH aLFGLH 6JMFNFb_H YLGGH kGdL[^QNLH LNYURH `JGH IFLRLOH 4LOQUGQLGTLFN LO[UTOLGH Y\OILGWH XFLH cJOUMH ILOH .UGNLOH bVGGNLH LORST\NNLONH YLOILGWH 2JaVQMFST dLb+aLHlTLMLHGJSTHaLTOHZ^MU^[W* plTLML5*H]U^GUNUGHTJOSTNLHU^[WHpiSTHYLF/HGFSTN_HYJ`JGHI^HRKOFSTRN_HaLFGHjLOOW* XURH ]FLRNH aUSTNLH LFGLH QVGGLOTU[NLH PLRNLWH pX^H TURNH IURH dLRN+NFQN_H YURH lTLML RLFGLH 1GT+GQLOH MLTONWH EOH FRNH LFGH fLFGIH FGH ^GRLOLGH LFQLGLGH .LFTLG_H ILOH U^R QLTLFaLGH4LORNLSbLGHTLOU^RHQLQLGHaFSTHUQFLONWHERHFRNHGUN\OMFSTHG^OHLFGLHfOUQL ILOH ZLFN_H dFRH YFOH FTGH U^[QLRK\ONH TUdLGWH XUGGH YFOIH RLFGLH 7OQUGFRUNFJG eLORSTMUQLGW* ]U^GUNUGHY^GILONLHRFSTH\dLOHIFLH]LOLFNYFMMFQbLFNHILRH]FLRNR_HaFNHFTaH\dLOHRJMST dOFRUGNLHfUbNLGHe^HRKOLSTLGW poFLaUGIH YLF/_H YLOH lTLMLH FRN*_H [^TOH fOUGbH l^O`LhH [JONWH p1dLOH gKhObJH YFOIH FTG U^[RK\OLGWH 2LGGH LOH bLFGLH 1OaLH aLTOH dLRFNeN_H bUGGH LOH RLFGLGH mJK[H dLRRLO dLG^NeLGW* poUN\OMFST*_HdLRN+NFQNLHILOHjFRNJOFbLOHdOU`WHEOHRNLMMNLHRFSTH`JO_HYFLHG^GHFGHLFGLa oLdLGOU^aH ILOH lh8ZLGNOUMLH gKhObJH l^O`LhH I^OSTH IFLH 7RUM87NTGJRH RLFGLH1OaL `LOMJO_H ^GIH IURH LO[\MMNLH FTGH aFNH PLG^QN^^GQWH 0dLOH ILGH QLTLFaGFR`JMMLGH lTLML IUSTNLH]U^GUNUGHGFSTNHGUST_HILGGHIFLRLRH6OJdMLaHFGNLOLRRFLONLHFTGHYLGFQWHEOHYUO
LFGH NOL^LOH PL[JMQRaUGGH ILRH ]FLRNR_H ^GIH LOH dLQM\SbY\GRSTNLH RFSTH e^H RLFGLa QLM^GQLGLGH1^[NOFNNH`JOHILaHjLOORSTLOWHpkGRLOHPLRKO+STHFRNHdLLGILN_H]U^GUNUG iiW*H XURH ]FLRNH YFGbNLH QVGGLOTU[NH ILGH .JdJNR_H IUaFNH IFLRLH ILGH jFRNJOFbLOH GUST IOU^/LGHdOUSTNLGW ]U^GUNUGH iiH `LOdL^QNLH RFSTH GJSTH LFGaUMH ^GIH a^OaLMNLH LFGLH fJOaLMH ILO EOQLdLGTLFNWH1MRHLOHILGH.U^aH`LOMURRLGHTUNNL_HIO\SbNLHIURH]FLRNHLFGLHlURNLHUG ILOH9LTGLHRLFGLRHlTOJGLRW p]LRLFNFQNH]U^GUNUG*_HRUQNLHLOHFGHLFGLaHlJG[UMM_HUMRHJdHLOH`JaH2LNNLOHRKO+STLW pEOHYLF/He^`FLMWHkGIHIUGGHdOFGQNHghNNOUSHi4HTLOdLFWHiSTHaVSTNLHRLTLG_HJdHLOHEO[JMQ QLTUdNHTUNW* 1MRHILOH]FJMJQLHLOGL^NHdLOFSTNLNHTUNNLH^GIHRFSTHfOUGbHl^O`LhHIFLH1^[eLFSTG^GQLG RLFGLRH4LOR^STRHUGQLRLTLGHTUNNL_HYUOHILOHXFbNUNJOHYFLILOHe^[OFLILGWHXFLH7RUM8 7NTGJRHMFL/LGHRFSTHKOJdMLaMJRH`LOaLTOLGWHXUaFNHTUNNLHLOHLFGLH2U[[LHFGHILOHjUGI_ aFNH ILOH LOH IFLH cLOdJMLOH LGIQ\MNFQH `LOGFSTNLGH bJGGNLWH kGIH RK+NLOH Y\OILGH RFST IFLRLH6UOURFNLGHU^STHUMRHG\NeMFSTHLOYLFRLG_HYLGGHLRHQUMN_HIFLHoUSTdUOQUMUnFLG RLFGLaHjLOORSTU[NRdLOLFSTHLFGe^`LOMLFdLGWHgKhObJHl^O`LhHY\OILHRFSTHQLNOL^HU^[ IFLHg^STLHGUSTHILaH2FILORUSTLOHlTLMLHaUSTLGWHXFLHXFGQLHLGNYFSbLMNLGHRFSTHFa gFGGHILRH]FLRNRW : XLOHjU^KNdFMIRSTFOaHILOHc;1i91cHY^OILHI^GbLMWHXUGGHLORSTFLGHYFLILOHIURH]FMI ILRHIF[[^RLGH.FGQLRHILRHoUdLMRWHXFLHgNFaaLHU^RH
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WT›G]NDm\GfF›D※\OFXPFDHIIFGXHLMDK\UYDbKQD[KGDEFGDRF[FHQCDK\UDEFIDFGDVFMNUUPDMKPPFY x\ID[KGFIDEHFDXFP^PFIDo[FHUFXDK\QVFGa\SPYDZGD[KGDK\UDEFGDGHLMPHVFIDWT\Gt bKQD zSVFMFID EFGD vHLMPQLMGKI]FD QPFXXPFD ]FHIFD WLM[HFGHV]FHPD EKGYD o[FHD [FHPFGF JKGIKIXKVFID FIPEFL]PFD crD UGeM^FHPHVCD EKIID QPKIED WT›G]ND m\GfF›D HID FHIFS QLM[KLMDOFXF\LMPFPFICD]\G^FIDdKIVCDEFGDK\UDFHIFDFHI^FXIFDmeGD^\UeMGPFY WLM[FHVFIEDEF\PFPFDEFGDkNONPFGDK\UDEKQDWPKMXQLMNPPYDvKIVQKSDVHIVDEFGDkKIPFG EKGK\UD ^\YD ZGD FIPEFL]PFD ]FHIFID OFQNIEFGFID cFGQLMX\_D \IED [NXXPFD QFHIFD `KIE QLMNIDK\UDEFID*UUI\IVQMFOFXDXFVFICDKXQDFHIFD[FHLMFDWPHSSFDFGPgIPF+ qZQD HQPD IHLMPD fFGGHFVFXPCD jI]FXD WT›G]NYD mGHPPD FHItD mMFXFD UGF\PD QHLMCD EK_D E\D HMI OFQ\LMFID]NSSQPYu } leGDWF]\IEFID[KGDEFGDmMFXFyjOFG※aVFGDFGIF\PDFHIFGDPNPKXFIDcFG[HGG\IVDFGXFVFIY ZGD]NIIPFDIHLMPDfFGQPFMFICDEK_DQFHIDdFVIFGDHMIDOFGFHPQDFG[KGPFPFYDd\PCDfHFXXFHLMP MKPPFD FGD FHID TKKGD ~OFG[KLM\IVQSFLMKIHQSFID eOFGQFMFIYDAOFGD EK_D mMFXFD HMI IHLMPDI\GD]KIIPFCDQNIEFGIDK\LMDINLMDSHPDqjI]FXDWT›G]NuDKIQTGKLMCDfFGQLMX\VDHMS EHFDWTGKLMFY bKIID QTeGPFD FGCD EK_D FGCD FVKXD [HFD EHFQFQD zIPFGIFMSFID FIEFID [eGEFCD FHIFS dFMFHSIHQDK\UDEFGDWT\GD[KGCDEKQDQFHIFDZG[KGP\IVFIDeOFGPGKUYDJFIIDmMFXFDHMIDSHP qjI]FXuD KIQTGKLMCD FGD QFXOQPD KOFGD K\LMD FHID FLMPFGD jI]FXD EFQD RHFQPQD [KGCD HI [FXLMFSDcFGMaXPIHQDQPKIEFIDEKIIDmMFXFD\IEDlGKI]Dm\GfF›{ ZGD OFEK\FGPFD UeGD FHID TKKGD [FHPFGFD WF]\IEFICD EK_D FGD QFHIF cFG[KIEPQLMKUPQfFGMaXPIHQQFD IHLMPD VFIK\D ]KIIPFYDA\UD kKIPFGO\GVD ^aMXPFID QNXLMF RF^HFM\IVFID I\GD HID RF^\VD K\UD EHFD A\QI\P^\IVD fNID WLMHFOFGFHFID NEFG MHIPFGMaXPHVFIDdFQLMaUPFIY bKIIDeOFGXFVPFDFGCDNODFGDcrDKIDQFHIFGDWPFXXFDHIDEFIDkK\SDQLMHL]FIDQNXXPFCDKOFGDFG fFG[KGUDEFIDnXKID[HFEFGYDJKQDFGDcrD\GQTGeIVXHLMD^\VFEKLMPDMKPPFCDS\_PFDFGD[NMX UKXXFIDXKQQFICDEFIIDFQD[KGD^\D]FHIFSDrKSTUDVF]NSSFICDOFHDEFSDEFGDkNONPFGDKI QFHIFGDWPFXXFDqVFQPNGOFIuD[aGFY xKLMD EFGD cFGUaGO\IVD EFGD `K\PD [KGD EKQD EFGD ^[FHPFD WLMNL]YD AXQD WT›G]ND HMI eOFG[\IEFIDMKPPFCDKGOFHPFPFDQFHIDcFGQPKIEDINLMDIHLMPDVKI^D]XKGYDZGD[\_PFDKOFGC EK_DFQD]FHIFIDJFVD^\GeL]DVKOY
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