ࡱ> q`dbjbjqPqP7::&hllll  |||8$}$H~4 Zn" $h0j9 " ll)NlZ Rɸ a| p._|3Z *0Z۹<a a "-EY #^ Z $?H4 H llllll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http://www.sutd.ru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fhp* , H J p r @ J N R X"$<>flŹū蠕}uj}c hZhOhGhGCJaJhGCJaJhZhDCJaJhZhOCJNHaJhZhRtCJaJhZhCCJaJhZhO5CJNHaJhh5CJaJhZhO5CJaJhZhOCJ aJ hZhO5CJ aJ hZhOCJaJhZhO6CJaJ#&(*,.0fhjlnpH J L N P  d`gdO$dh`a$gdO$d`a$gdO$d`a$gdOY,Zd @ B D F H J L N P R t ~  b d$If`gd d$Ifgd$d`a$gdO$d`a$gdO "Pd$If`gd$ d$Ifgd$ d$IfgdUkd$$Ifl90&f t644 laPRTVXzd$If`gd d$IfgdG$d$If`a$gdUkdc$$Ifl0&f t644 la=.$d`a$gdOUkd%$$Ifl 0&f t644 la d$Ifgd? d$IfgdSkd$$Ifl0&f t644 la^`bdfhjl: $`a$gdV@ $`a$gdO $`a$gdO`gdO$ da$gdO$d`a$gdOl 02Db|~82P|ӺӺŬӺӺӞӎ~nӺ`Sh khOCJRHZaJh khN'CJRHZ\aJh khRtCJRHZ\]aJh khN'CJRHZ\]aJh khOCJRHZ\]aJh khRtCJRHZ\aJh khV@CJRHZ\aJhZQCJRHZ\aJh khCJRHZ\aJh khOCJRHZ\aJh khO5CJRHZ\aJhZhO5CJRHZaJ\z~B !!!!"""H#######$$$N$d$f$$$"%(%R%T%V%% &`&b&&&&'昋昿}h khO5CJRHZaJh khM:CJRHZaJh khGCJRHZaJh khTCJRHZaJh khCJRHZaJh kh'rCJRHZaJh kh'CJRHZaJh khN'CJRHZaJh khOCJRHZaJh khGCJRHZaJ/H#V%%)j,04<779d:;;l<= ?@|ACJEH$d`a$gd;$d`a$gdD $ & Fa$gda6U $`a$gdG $`a$gdO'''(P(R(() ))$)&)4)6)X)Z)r)t)))))))))f,j,,,,,L-N-^-----*.@...001䘢~~~h khbECJRHZaJh khM:CJRHZaJhZQCJRHZaJh khZQCJRHZaJh khO5CJRHZaJh kh'CJRHZaJh kh'rCJRHZaJh khCJRHZaJh khOCJRHZaJh khOCJRHZ\aJ-1222r22223&3:3<3J33333&4(4r4v44444<56 7:7f788h889µqccVh khhCJRHZaJh khO5CJRHZaJh khO>*CJRHZaJh khOCJNHRHZaJh khGCJRHZaJh khbECJRHZaJh khKOCJRHZaJh kh'CJRHZaJh kh;CJRHZaJh khM:CJRHZaJh kh'rCJRHZaJh khOCJRHZaJhLpoCJRHZaJ!999@9P9R9b9j9x9z9t::::;j;x;|;;;; <<<l<z< ======T>V> ?8?L??@@@@@@AA|AAḆ̤̾̾̉|hchOCJRHZaJhchO5CJRHZaJh khCJRHZaJh khbVCJRHZaJh khf{CJRHZaJh khO5CJRHZaJh khOCJRHZaJh khhCJRHZaJh khKOCJRHZaJh khbECJRHZaJ0BBBCCCD.DBDrDHEEEFFGG"H$HHHH InIpIIIɼ󢓢qdUdGh khC@$5CJRHZaJh khOCJNHRHZaJh khOCJRHZaJh khO5CJRHZaJhcCJRHZaJhLpoCJRHZaJhch;CJNHRHZaJhch;CJRHZaJhchhCJRHZaJhchv:CJRHZaJhchOCJRHZaJhchO5CJRHZaJhchDCJNHRHZaJhchDCJRHZaJHIKOpRTrUtUUYaf2jlnqt $`a$gd/ $`a$gdQ$ `a$gdO $`a$gdLpo $`a$gdO $ ,a$gdO $`a$gdC@$ ^`gdC@$ ^`gdOIKKMMvMMMMOO,Q.QpRRTTDUFUrUtUU0VLVV$W6W>WZWWXXXXXXXYYZZ[[󻭠yؠؠlyh khqCJRHZaJh khd[CJRHZaJh khbVCJRHZaJh khv:CJRHZaJh khOCJRHZaJh khO5CJRHZaJh kh/V5CJRHZaJh khC@$CJNHRHZaJh khhCJRHZaJh khC@$5CJRHZaJh khC@$CJRHZaJ*[H_J_4`T`aasstt4:@*Zl$0Bf(̲̿ٲٲٲ٥ٲٲٲ٥ٿٿٿٿ٘whZh=ICJRHZaJh/VCJRHZaJh=ICJRHZaJhZh=ICJRHZaJh khCJRHZaJh kh9zCJRHZaJh kh kCJRHZaJh kh+CJRHZaJh khOCJRHZaJh khDCJRHZaJh kh CJRHZaJ.RXfrJ\^`Ĝ̜Z\~jNRPfl|lƹ鑄hZha/4CJRHZaJh kh=ICJRHZaJh{Mh=ICJRHZaJhZh=ICJRHZ]aJhCJRHZ\aJUh=ICJRHZ\aJhZh=ICJRHZ\aJh.CJRHZaJh=ICJRHZaJhZh=ICJRHZa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lnp *Ph|@F^ҾҠ{n{d{dWd{M{M{M{M{MhCJRHZaJhZh{MCJRHZaJh{MCJRHZaJhZh kCJRHZaJhZha/4CJRHZaJ/jhZhph75CJOJQJU\^JaJ:jhZha/45CJOJQJU\^JaJmHnHu&hZha/45CJOJQJ\^JaJ/jhZha/45CJOJQJU\^JaJ*hZha/45CJOJQJRHZ\^JaJF (*Bukd$$Ifl0`'0`'64 lal $$Ifa$gd $`a$gdO$-DM `a$gdZ $`a$gd'$ `a$gd k^$r >󚍀sfYOBhdehOCJRHZaJh}1CJRHZaJhdeh'CJRHZaJhdehdeCJRHZaJhdeh: CJRHZaJh Ah ACJRHZaJhdeh)CJRHZaJhH[CJRHZaJhZhM[CJRHZaJhZh@CJRHZaJh@CJRHZaJhZh/(CJRHZaJhZh=ICJRHZaJhZhQCJRHZaJhZhOCJRHZaJ,\fl*02p*,.04ŻűŊŀsfs\VMVMhZhFBRHZ hFBRHZhZhO5RHZhZhZCJRHZaJhZhOCJRHZaJhOCJRHZaJhdehZCJRHZaJhZh}1CJRHZaJhdehFBCJRHZaJhFBCJRHZaJhpCJRHZaJhdehOCJRHZaJh}1CJRHZaJhdehdeCJRHZaJhe4CJRHZaJhdehM[CJRHZaJ*.24HJnb $$Ifa$gdukd$$Ifl0`'0`'64 lal $$Ifa$gdFB$  $Ifa$gdJL ~u $Ifgd d$Ifgdukd>$$Ifl0`'0`'64 lal~r $$Ifa$gd A $$Ifa$gd Aukd$$Ifl|0`'0`'64 lal4 "(> .nH "n|~(ѷ|||reeeeehZhOCJRHZaJhJCJRHZaJhdhdCJRHZaJhdCJRHZaJhZhBDCJRHZaJhZhFBCJRHZaJhFBCJRHZaJhZhblCJRHZaJhFBhCJRHZaJhVCCJRHZaJhCJRHZaJhZhFBRHZhZh ARHZhZhORHZ'~~ $$Ifa$gd Aukdd$$IflS0`'0`'64 lal~r $$Ifa$gd $$Ifa$gdukd$$Ifl0`'0`'64 lalX~~ $$Ifa$gdukd$$Ifl0`'0`'64 lalXZ~~ $$Ifa$gdukd $$Ifl0`'0`'64 lal~~ $$Ifa$gdukd$$Ifl0`'0`'64 lal * DHNT~~rfMMM$ $&`#$/Ifa$gd` $ a$gd{ $`a$gdC, $`a$gd"yukd@$$Ifl0`'0`'64 lal(*bf(bd  >|~2ʳʳ~nahZhCJRHZaJh{hO5CJH*RHZaJh{hO5CJRHZaJhZhOCJRHZaJhZh: CJRHZaJhZh~oCJRHZaJhZhJCJRHZaJh{CJRHZaJhJCJRHZaJhZhFBCJaJhFBCJRHZaJhZhFBCJRHZaJhC,CJRHZaJ%2468:PRTVXDFZj F暍hJCJRHZaJhZhWx CJRHZaJhbCJRHZaJhFBCJRHZaJhZh-S$CJRHZaJhZh"yCJRHZaJh{hO5CJH*RHZaJh{hO5CJRHZaJhZhOCJRHZaJhZhM\CJRHZaJ34DHJLPRVX\^bdhjnptvz|TVXZ  ȾȷhZh{5H*\hZh{5\ hZh{h{CJRHZaJhZh{CJRHZaJhFBCJRHZaJhZhWx CJRHZaJhJCJRHZaJh` CJRHZaJ@TZ`flrx~$ $&`#$/Ifa$gd` Ff $ $&`#$/Ifa$gd`  "&Ff$ $&`#$/Ifa$gd` FfP$ $&`#$/Ifa$gd` &*.26:>BFJNRTZ^bfjnrvz~$ $&`#$/Ifa$gd` Ffn$ $&`#$/Ifa$gd` Ff%$ $&`#$/Ifa$gd` Ff! $ $&`#$/Ifa$gd` "&*.26$ $&`#$/Ifa$gd` Ff+$ $&`#$/Ifa$gd`  DFHJ8:>@vx|~ "$&024\h0|hZhbCJRHZaJ!hbhb5CJH*RHZ\aJhbhb5CJRHZ\aJhbhbCJRHZaJhFBCJRHZaJhqSCJRHZaJmH sH h{CJRHZaJhZh{CJaJhZh{5H*\ hZh{hZh{5\,6:>BDJNRVZ^bfjnrvz~Ff7$ $&`#$/Ifa$gd` Ff1$ $&`#$/Ifa$gd` $ $&`#$/Ifa$gd` Ff&>$ $&`#$/Ifa$gd`  "&*.268@DHFf6J$ $&`#$/Ifa$gd` Ff)D$ $&`#$/Ifa$gd` HLPTX\`dhlptv~$ $&`#$/Ifa$gd` Ff[P$ $&`#$/Ifa$gd` $ `a$gdb$ `a$gdWx $ `a$gd{FfV$ $&`#$/Ifa$gd` 0N^d   v x |     04:< |~ŴŴ餓Ŵ߆|߆reXrXehZh` CJRHZaJhZh~oCJRHZaJh` CJRHZaJhJCJRHZaJhZhWx CJRHZaJ!h/hb5CJH*RHZ\aJh/hb5CJRHZ\aJ!h_hb5CJH*RHZ\aJh_hb5CJRHZ\aJhDM,CJRHZaJhFBCJRHZaJhZhbCJRHZaJhpCCJRHZaJ  DH"&&,8/ 22r234~5$ & F a$gdO$ & F a$gdDv_$ `a$gdO $`a$gdO $`a$gd#6 $ `a$gd#6 $ `a$gd#6 04n6D^nTVX\ȻȡylbhDM,CJRHZaJhDM,hDM,CJRHZaJh` CJRHZaJh#SxhWx CJH*RHZ\aJh#SxhWx CJRHZ\aJh#SxhWx CJRHZaJhZhCJRHZaJhZh7CJRHZaJhZhWx CJRHZaJh#SxCJRHZaJhCJRHZaJhZh~oCJRHZaJhZ0GCJRHZaJ! L    ""@"Z"\"z"~"""""@#V#j#z##$"$&$H$r$$$%%%$%&%(%*%8%%%%%&ϵϵϵϞϫππ«vvhDv_CJRHZaJh` CJRHZaJhKCJRHZaJhTb5CJRHZaJhZhOBCJRHZaJh#SxCJRHZaJhZh~CJRHZaJhZh-=4CJRHZaJhZhWx CJRHZaJhZh2CJRHZaJhJCJRHZaJhZhDM,CJRHZaJ*&&&8'V''`((((((((f)j)))))**0*2*********z++++++ ,",$,(,J,,,---r------ȻȻȻȻȻȻȻȻȻȻȻȻ챤heCJRHZaJheheCJRHZaJh1h1CJRHZaJhE}CJRHZaJh3dh3dCJRHZaJh3dCJRHZaJh3dh7iCJRHZaJh#Sxh7iCJRHZaJhDv_CJRHZaJhWx CJRHZaJ4---------.b...6/8/R/p///:0@0d111 2 22"2:2p2r2333ȾȱȤzobbhZhOCJRHZaJh/5CJRHZaJhZh/5CJRHZaJhZhO5CJRHZaJhZhZ5CJRHZaJhTOh1CJRHZaJhTOh` CJRHZaJh` CJRHZaJhTOheCJRHZaJhDv_CJRHZaJhE}CJRHZaJhTOhDv_CJRHZaJhTOCJRHZaJ!3 44445555~555566666666666 7t7778 8 8"888`9v9x999D:F:ù曔zmzmhZh?8CJRHZaJhZh&CJRHZaJh5h5CJRHZaJ h5h5h5CJRHZaJhqSCJRHZaJhmCJRHZaJhDv_CJRHZaJhE}CJRHZaJh|JCJRHZaJhZhOCJNHRHZaJhZhOCJRHZaJhZhmCJRHZaJ(~56 8`9H:(;*;j;;P>@C~DFFGrK $`a$gda $a$gdO$ & F hhG$H$^ha$gd?$ & F hh^ha$gd? $`a$gdO$ g`a$gdO$ & F a$gdOF:H:V:X:Z:h:j:~::::$;&;(;*;j;t;x;z;;;;;; <ϸϫϞwjwj[jH$hZhmCJPJRHZaJnHtHhZhOCJNHRHZaJhZhOCJRHZaJh?CJRHZaJhZh?CJRHZaJhZhO5CJRHZ\aJh/5CJRHZ\aJhZhaACJRHZaJhZh|JCJRHZaJhDv_CJRHZaJhZh?8CJRHZaJhmCJRHZaJhZhmCJRHZaJhZh+NCJRHZaJ <|<<==>L>P>`>>>n?|??@@@@fA~ABB,Bsf\OE;hCJRHZaJhJCJRHZaJh khAvCJRHZaJh|JCJRHZaJhZhmCJRHZaJhCJPJRHZaJnHtHh|JCJPJRHZaJnHtHhCJPJRHZaJnHtHhe!CJPJRHZaJnHtH$hZhmCJPJRHZaJnHtHhDv_CJPJRHZaJnHtHhDv_CJRHZaJhZhOCJRHZaJ$hZhOCJPJRHZaJnHtH,B.BHBNBPBBCCC,CCCCCCCCCCCC|D~DDEEEE2F4Fµաߎ~n^nTTh?CJRHZaJh?CJPJRHZaJnHtHh@CJPJRHZaJnHtHhmCJPJRHZaJnHtH$hZhOCJPJRHZaJnHtHhCJRHZaJh|JCJRHZaJhZhmCJRHZaJ$hJhOCJPJRHZaJnHtHhCJRHZaJhZhOCJRHZaJh*CJRHZaJhCJRHZaJ4FNFdFhFzFFFFFFFFFFFFG HXHrHHXI\IlIpIIItJvJJJ"K$KM:MFMHMTMMM˸ߠߖߖߖߌ}ߖ}}pphZhuCJRHZaJhZhOCJNHRHZaJh_^CJRHZaJhCJRHZaJhCJRHZaJhZhO5CJRHZaJ$hZhOCJPJRHZaJnHtHhCJRHZaJhGKCJRHZaJhZhOCJRHZaJh?CJRHZaJhw hCJRHZaJ'MMMN6O:OOONPRPpPrPQQ(Q@QSSUVW*XXXZXhXjXlXpXrXYY{{j`S`hZhKCJRHZaJhKCJRHZaJ hKhKCJRHZaJmH sH hZhZCJRHZaJhZh`CJRHZaJh#6 CJRHZaJhZhO5CJRHZaJhZhOCJNHRHZaJhCJRHZaJhZha CJRHZaJ$hZhOCJPJRHZaJnHtHhZhOCJRHZaJhZhWx CJRHZaJrKM:O(QQQSSSTbakdZZ$$Ifl)0%# t&644 lap $$Ifa$gd#6 $$Ifa$gd $`a$gdO$-DM ^`a$gda TTTVVV1akdN[$$Ifl0%# t&644 lap $$Ifa$gdakdZ$$Ifl0%# t&644 lapVjXlXrXYY $If`gdKakd[$$Ifl0%# t&644 lap $$Ifa$gdYYYYYYYYYYYYYYYYYZZ ZZZZZ"Z$Z&Z(Z*Z,ZZZZZZ[øvrncZcZZhmhVCCJhmhVCCJaJhU hAvhK0JmHnHu hAv0JjhAv0JUhVC hVC0JjhVC0JUh7Cjh7CU hZhgHhZhOCJaJhZhOCJRHZaJhKhOCJaJhKhKCJRHZaJhKCJRHZaJhKCJRHZaJmH sH #YYYYYYYYYYYY Z ZZ &`#$gdAv $ a$gdOakdB\$$Ifl0%# t&644 lapZ&Z(Z*Z,ZZZZ[[\[^[[\d\f\\\]]]]:^^^"_$_gda/4$a$gda/4 &`#$gdU [[\[^[[\d\f\\\]]]]p^r^^^^"_$___V`X```a a~aa b bbb2c4cccccddddddd hZhgHhhihVCCJhihVCCJ aJhihVCCJaJhmhVCCJhmhVCCJaJhmhVCCJaJhihVCCJaJhihVCCJ aJhihVCCJaJhVC/$___V`X```a a~aa b bbb2c4ccccccddddd $d(a$gda/4gda/4$a$gda/4ddd5 01h:pG. A!n"n#n$n% a$$If!vh55f#v#vf:V l9 t655fa$$If!vh55f#v#vf:V l t655f]$$If!vh55f#v#vf:V l t655fa$$If!vh55f#v#vf:V l  t655fDd&\: D  3 @@"?$$Ifl!vh55#v:V l0`'654al$$Ifl!vh55#v:V l0`'6,54al$$Ifl!vh55#v:V l0`'6,54al$$Ifl!vh55#v:V l|0`'654al$$Ifl!vh55#v:V lS0`'6,54al$$Ifl!vh55#v:V l0`'654al$$Ifl!vh55#v:V l0`'6,54al$$Ifl!vh55#v:V l0`'654al$$Ifl!vh55#v:V l0`'654al$$Ifl!vh55#v:V l0`'654al%$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l t 6`D6,5&5 5 &9/  / /  /   /  /  / / /   /  / / p֌kd$$Ifl8f< j@f&&  & & & & & & & & &  &&  && && &&  t 6`D6888844 lap֌C$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`D6,5&5 5 &9/  / /  / /  /  / / / / / /  p֌0kd $$Ifl8f< j@f&& &&&&&&&&& && &&&&&&  t 6`D6888844 lap֌O$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`D6,5&5 5 &9/  / /  / /  /  / / / / / /  p֌<kd$$Ifl8f< j@f&& &&&&&&&&& && &&&&&&  t 6`D6888844 lap֌[$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`(D6,5&5 5 &9/  / /  / /  /  / / / / / /  p֌Hkd$$Ifl8f< j@f&& &&&&&&&&& && &&&&&&  t 6`(D6888844 lap֌g$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`2D6,5&5 5 &9/  / /  / /  /  / / / / / /  p֌Tkd$$Ifl8f< j@f&& &&&&&&&&& && &&&&&&  t 6`2D6888844 lap֌y$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`<D6,5&5 5 &99/  / /  / /  /  / / / / / /  p֌`kdw#$$Ifl8f< j@f&& &&&&&& && &&&&&&  t 6`<D6888844 lap֌$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`FD6,5&5 5 &99/  / /  / /  /  / / / / / /  p֌lkdT)$$Ifl8f< j@f&& &&&&&& && &&&&&&  t 6`FD6888844 lap֌$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`PD6,5&5 5 &99/  / /  / /  /  / / / / / /  p֌xkdI/$$Ifl8f< j@f&& &&&&&& && &&&&&&  t 6`PD6888844 lap֌$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`ZD6,5&5 5 &99/  / /  / /  /  / / / / / /  p֌kdV5$$Ifl8f< j@f&& &&&&&& && &&&&&&  t 6`ZD6888844 lap֌$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`dD6,5&5 5 &99/  / /  / /  /   /  / / / / /  p֌kd{;$$Ifl8f< j@f&&     & & & & & &  && &&&&&&  t 6`dD6888844 lap֌o$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`nD6,5&5 5 &99/  /   / / /  / /  p֌kdA$$Ifl8f< j@f&&     & & & & & & &&&&&&&&  t 6`nD6888844 lap֌m$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`xD6,5&5 5 &99/  / / / / /  p֌kdG$$Ifl8f< j@f&& &&&&&&&&&&&&&&  t 6`xD6888844 lap֌y$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`ւD6,5&5 5 &99/  / / / / /  p֌kdM$$Ifl8f< j@f&& &&&&&&&&&&&&&&  t 6`ւD6888844 lap֌$$If!vh5&55555555 5 5 &5 &5 &5 &#v&#v #v &:V l  t 6`֌D6,5&5 5 &99/  / / / /   /   p֌kdT$$Ifl8f< j@f&&     & & & & & & && && && &&   t 6`֌D6888844 lap֌x$$If!vh55##v#v#:V l) t&655#px$$If!vh55##v#v#:V l t&655#px$$If!vh55##v#v#:V l t&655#px$$If!vh55##v#v#:V l t&655#px$$If!vh55##v#v#:V l t&655#p666666666vvvvvvvvv666666>6666666666666666666666666666666666666666666666666hH666666666666666666666666666666666666666666666666666666666666666666B@B O1KG=K9CJ_HaJmHsHtHBA@B A=>2=>9 H@8DB 0170F0Xi@X 1KG=0O B01;8F04 l4a .k@. 5B A?8A:0 J @J O86=89 :>;>=B8BC;  E$4)@4 O><5@ AB@0=8FKhR@h OA=>2=>9 B5:AB A >BABC?>< 2$t^t`a$D^@"D O 1KG=K9 (251)dd[$\$HQ@2H OA=>2=>9 B5:AB 3xCJaJDOAD O =0: =0:CJ_HaJmHsHtHRORR ) =0:6$d1$H$a$CJaJmH sH tH VOaV )A=>2=>9 B5:AB 2 =0: =0: =0:L@rL Av5@E=89 :>;>=B8BC;  E$AsW5|7oA5gta^LKJIHGFEDCBA@?>=<;:9AsW5|7oA5gj t 345678KLMNZno()*+,mno  /012C 5{z26Cm !#8%U&&&&(,l/1 2F34 689:=U>A#CKDE-HDIcMMOQnSSS T T TTTTTTzUUUUUUcVe@eBeDeFeHeJeLeNePeReSeWeYe[e]e_eaeceeegeiekemeoeqerevexeze|e~eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeilmnoqhrs@vyz{{.||n}}9~~f4qrÆЋӋnjȌˌops^_b*+. JKL}~'(ab‘Ñ?@ !AByzKL͔̔Δ>?@qu00000000000000000000000000000000000000 00 0 0 00 0 000 00 0 0 0 0 000000000000000000000000000000 0 0 0 0 0 0 0000000000000000000000000000000000000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00000000000000000000000000000 0 0 0 0 0 0 0000 0 0 0 0 000000000 0 0 0 0 0 0 0 0 0 0 0 0 00 0 00I00I00aI00I00aI00I00aI00I00aI00I00I00@0@0A00uI00<a00I00,S0I00*S0I00(S0I00&S0I00$0I00"0I00 0I00000I0000I0000I00@T0I00@T0I00d0I00d0I000I00 0I00 x<0I00tR00I00tR0I00tR00I00tR00345678KLMNZno()*+,mno  /012C 5{z26Cm !#8%U&&&&(,l/1 2F34 689:=U>A#CKDE-HDIcMMOQnSSS T T TTTTTTzUUUUUUcVe@eBeDeFeHeJeLeNePeReSeWeYe[e]e_eaeceeegeiekemeoeqerevexeze|e~eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeilmnoqhrs@vyz{{.||n}}9~~^_b*+.u000000000000000000000000000000000000000000000000 00 0000000000000000000000000000000000 0 0 0 0 0 0 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 0 0 0 0K01830 I01 I01 0 K01 K01I01 0 K004 ~ %%%(l'19BI[lxll^4(2 0&-3F: <,B4FMY[dOWXZ[\]_`abdefg PHt*JXT&6H~5rKTVYZ$_ddPRSTUVY^cdQMMMt_ !(!!8de@/d(    7./ 73  "0?n 8 c $X99?"` 7./l 9 c $efef9 $  l : c $efef:P& W-D  l ; c $efef;P& W-b l < c $efef<P& W-  l = c $dsds=$  l > c $dsds>$ l ? c $dsds?D $ l @ c $dsds@$ l A c $dsdsA&k l B c $ dsdsB!&'  l C c $ dsdsCl%  l D c $ dsdsDVl%!  l E c $ dsdsE"S%{$  l F c $ x <x <Fs?%%'  l G c $x <x <Gh(V$`* l H c $x <x <H*T%X- l I c $x <x <Iu-&/ l J c $x <x <J& - l K c $x <x <KM'x%7.q' l L c $x <x <L&$)7.+ T" M C H>$< P& T" N C H.IN$ P&c T" O C H*&IN$ P&H P # I J H Q # I J H R # I J `" S c $ZG)HIJuI &`" TB c $ZG)H NIJI $&B U  k"!#H V # G #I H W #   VH XB #  ! "H Y #  {$ ?%H Z #  `* *H [B #  X- -N \ 3 V$!*&%*H ] #  I D  ^ 0x <x <^"`( `B _ c $D$&N `B 3 %u&M'x&l a c $x <x <a h(s* N b 3 sd))f" cB s *GGHIsx&N d 3  ' h(B S  ?_9<M9:N9;O?>P>=Q=@R@AS@BT ABU V CDW DEX EFYGHZHI[\9?]KF`aGbF?cGFdMt7#f-t'u-uC*urn:schemas-microsoft-com:office:smarttagsmetricconverter C2010 3 ProductID 08?%?YY<D .= uo0x0>>ECCLIMIYY^*^``bbfg8izz>@ 7935uooS T TTUU=WDWXXde||ЋӋȌˌps_b. ~&(`Ñ!@BxzΔ@pu u %*] @ZFX0h(#Zv5\'X0h}-3)}K7šړ]=PNd>B%|sL,4.d @;I\i2"RP|zhhh^h`5o(hH.he^e`OJQJ^Jo(hHoh5 ^5 `OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHhu^u`OJQJo(hHhE^E`OJQJ^Jo(hHoh^`OJQJo(hHh hh^h`o(hH.h 88^8`hH.h L^`LhH.h   ^ `hH.h   ^ `hH.h xLx^x`LhH.h HH^H`hH.h ^`hH.h L^`LhH.h^`B*OJQJo(phhHh e^e`hH.h 5 L^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h u^u`hH.h E^E`hH.h L^`LhH.h hh^h`o(hH.h 88^8`hH.h L^`LhH.h   ^ `hH.h   ^ `hH.h xLx^x`LhH.h HH^H`hH.h ^`hH.h L^`LhH. hh^h`o(hH. ^`hH. pLp^p`LhH. @ @ ^@ `hH. ^`hH. L^`LhH. ^`hH. ^`hH. PLP^P`LhH.h ^`hH.h e^e`hH.h 5 L^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h u^u`hH.h E^E`hH.h L^`LhH.h^`5OJPJQJ^J.hee^e`OJQJ^Jo(hHoh5 5 ^5 `OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHhuu^u`OJQJo(hHhEE^E`OJQJ^Jo(hHoh^`OJQJo(hHh ^`hH.h ee^e`hH.h 5 L5 ^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h uu^u`hH.h EE^E`hH.h L^`LhH.h ^`hH.h ^`hH.h pLp^p`LhH.h @ @ ^@ `hH.h ^`hH.h L^`LhH.h ^`hH.h ^`hH.h PLP^P`LhH.hhh^h`5o(hH.he^e`OJQJ^Jo(hHoh5 ^5 `OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHhu^u`OJQJo(hHhE^E`OJQJ^Jo(hHoh^`OJQJo(hH^`.e^e`.5 L^5 `L.^`.^`.L^`L.u^u`.E^E`.L^`L.h^`B*o(phhH.h e^e`hH.h 5 L^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h u^u`hH.h E^E`hH.h L^`LhH. %*]Nd>sL;I\i]=RP|.d}K7(#ZF5\'}-3 zJhnD\RuzJhnDUMf=IJR"S` Wx a , 0 #6 U  y.{}1+de CJg2\ GKO9zA<OqGZ: =IQT+7!$C@$-S$&`(#+C,DM,_Q2Z2a/4-=4Tb5ph7?89v:??@V@Y AOBVCDBDbEZ0GgH_I|JGK,tM N4N8PQZQHSe@eBeDeFeHeJeLeNePeReSeWeYe[e]e_eaeceeegeiekemeoeqerevexeze|e~eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeЋӋnjȌˌops^_b*+.u@ s%4Jt(UnknownG:Ax Times New Roman5Symbol3& :Cx Arial;|i0Batang?5 :Cx Courier New;Wingdings"1h2FFFfzkzIzkzI$nn4d 2qHP ?O20 ?@020E @C:>?8A8User sec-rector<         Oh+'0   @ L X dpx UserNormal sec-rector17Microsoft Office Word@?@@_@^@^#_zkz՜.+,0 hp|  I     !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~Root Entry Fb._Data \1TableWordDocument7SummaryInformation(|DocumentSummaryInformation8CompObjq  F Microsoft Office Word MSWordDocWord.Document.89q