ࡱ> bjbj*t'0 0 8L8( 7L9L9L9L9L9L9L,NP9Lu7" 7"7"9LLKKK7".7LK7"7LKKKK ze=K#LL0LK|Q'Fb|QK|QK0 L 6K#!,O! 9L9LKX L7"7"7"7"|Q 0 ( X: !" !"  / !!! $ & #" . 0<5AB8B5;L 8=8AB@0 >1@07>20=8O >AA89A:>9 $545@0F88 ____________________..(04@8:>2  23 <0@B0 2 0003. 538AB@0F8>==K9 ! 194 B5E\4A !# !"+  ",+ !" " +!(  $!!,  / 0?@02;5=85 ?>43>B>2:8 48?;><8@>20==>3> A?5F80;8AB0 656100 "5E=>;>38O 8 :>=AB@C8@>20=85 8745;89 ;53:>9 ?@><KH;5==>AB8 20;8D8:0F8O 2K?CA:=8:0 - 8=65=5@ >A:20 2000 3. 1.)/ % " !"  / "   !&!" 656100 "%/  !" #     +(!" 1.1.0?@02;5=85 ?>43>B>2:8 48?;><8@>20==>3> A?5F80;8AB0 CB25@645=> ?@8:07>< 8=8AB5@AB20 >1@07>20=8O >AA89A:>9 $545@0F88 >B 02.03.20003. ! 686. 1.2.5@5G5=L >1@07>20B5;L=KE ?@>3@0<< (A?5F80;L=>AB59), @50;87C5<KE 2 @0<:0E 40==>3> =0?@02;5=8O ?>43>B>2:8 48?;><8@>20==>3> A?5F80;8AB0: 280800 "5E=>;>38O H259=KE 8745;89 280900 >=AB@C8@>20=85 H259=KE 8745;89 281000 "5E=>;>38O :>68 8 <5E0 281100 "5E=>;>38O 8745;89 87 :>68 281200 >=AB@C8@>20=85 8745;89 87 :>68 1.3.20;8D8:0F8O 2K?CA:=8:0  8=65=5@. >@<0B82=K9 A@>: >A2>5=8O >1@07>20B5;L=KE ?@>3@0<< ?>43>B>2:8 8=65=5@0 ?> =0?@02;5=8N ?>43>B>2:8 48?;><8@>20==KE A?5F80;8AB>2 656100 "5E=>;>38O 8 :>=AB@C8@>20=85 8745;89 ;53:>9 ?@><KH;5==>AB8 ?@8 >G=>9 D>@<5 >1CG5=8O 5 ;5B. 1.4.20;8D8:0F8>==0O E0@0:B5@8AB8:0 2K?CA:=8:0. 1.4.1.1J5:BK ?@>D5AA8>=0;L=>9 45OB5;L=>AB8 2K?CA:=8:0. 1J5:B0<8 ?@>D5AA8>=0;L=>9 45OB5;L=>AB8 2K?CA:=8:>2 O2;ONBAO H259=K5 8745;8O, >1C2L, :>630;0=B5@59=K5 8745;8O, H:C@K 682>B=KE, :>60, <5E, ?@>4C:BK ?5@5@01>B:8 :>;;035=0, 8A:CAAB25==0O :>60 8 <5E, A8=B5B8G5A:85 <0B5@80;K; B5E=>;>38G5A:85 ?@>F5AAK 8 >1>@C4>20=85 8E ?@>872>4AB20, =>@<0B82=>-B5E=8G5A:0O 4>:C<5=B0F8O 8 A8AB5<K AB0=40@B870F88, <5B>4K 8 A@54AB20 8A?KB0=89 8 :>=B@>;O :0G5AB20 <0B5@80;>2 8 8745;89 ;53:>9 ?@><KH;5==>AB8. 1.4.2. 84K ?@>D5AA8>=0;L=>9 45OB5;L=>AB8 2K?CA:=8:0 K?CA:=8:8 ?> =0?@02;5=8N ?>43>B>2:8 48?;><8@>20==>3> A?5F80;8AB0  "5E=>;>38O 8 :>=AB@C8@>20=85 8745;89 ;53:>9 ?@><KH;5==>AB8 <>3CB 1KBL ?>43>B>2;5=K : 2K?>;=5=8N A;54CNI8E 284>2 ?@>D5AA8>=0;L=>9 45OB5;L=>AB8: *?@>872>4AB25==>-B5E=>;>38G5A:0O; *>@30=870F8>==>-C?@02;5=G5A:0O; *=0CG=>-8AA;54>20B5;LA:0O; *?@>5:B=0O. >=:@5B=K5 284K 45OB5;L=>AB8 >?@545;ONBAO A>45@60=85< >1@07>20B5;L=>-?@>D5AA8>=0;L=>9 ?@>3@0<<K, @07@010BK205<>9 2C7><. 1.4.3. 040G8 ?@>D5AA8>=0;L=>9 45OB5;L=>AB8 2K?CA:=8:0. K?CA:=8: ?> =0?@02;5=8N ?>43>B>2:8 48?;><8@>20==>3> A?5F80;8AB0  "5E=>;>38O 8 :>=AB@C8@>20=85 8745;89 ;53:>9 ?@><KH;5==>AB8 2 7028A8<>AB8 >B 2840 ?@>D5AA8>=0;L=>9 45OB5;L=>AB8 ?>43>B>2;5= : @5H5=8N A;54CNI8E ?@>D5AA8>=0;L=KE 7040G: 0) ?@>872>4AB25==>-B5E=>;>38G5A:0O 45OB5;L=>ABL: - >@30=870F8O 8 MDD5:B82=>5 >ACI5AB2;5=85 :>=AB@C:B>@A:8E @07@01>B>:, B5E=>;>38G5A:8E ?@>F5AA>2 ?@>872>4AB20 >4564K, >1C28 8 :>630;0=B5@59=KE 8745;89 @07;8G=>3> =07=0G5=8O, :>68 8 <5E0; ?@>872>4AB25==>3> :>=B@>;O ?>MB0?=>3> 873>B>2;5=8O 45B0;59 8745;89, ?>;CD01@8:0B>2 8 ?0@0<5B@>2 :0G5AB20 3>B>2>9 ?@>4C:F88; - MDD5:B82=>5 8A?>;L7>20=85 >A=>2=KE 8 2A?><>30B5;L=KE <0B5@80;>2, >1>@C4>20=8O, A>>B25BAB2CNI8E 0;3>@8B<>2 8 ?@>3@0<< @0AG5B>2 ?0@0<5B@>2 B5E=>;>38G5A:>3> ?@>F5AA0; - ?@>2545=85 AB0=40@B=KE 8 A5@B8D8:0F8>==KE 8A?KB0=89 >4564K, >1C28, :>630;0=B5@59=KE 8745;89, :>68 8 <5E0; - >ACI5AB2;5=85 <5B@>;>38G5A:>9 ?>25@:8 >A=>2=KE A@54AB2 87<5@5=89 <0B5@80;>2 4;O 8745;89 ;53:>9 ?@><KH;5==>AB8; 1) >@30=870F8>==>-C?@02;5=G5A:0O 45OB5;L=>ABL: - >@30=870F8O @01>BK :>;;5:B820 8A?>;=8B5;59, ?@8=OB85 C?@02;5=G5A:8E @5H5=89 2 CA;>28OE @07;8G=KE <=5=89; - =0E>645=85 :><?@><8AA0 <564C @07;8G=K<8 B@51>20=8O<8 (AB>8<>AB8, :0G5AB20, 157>?0A=>AB8 8 A@>:>2 8A?>;=5=8O) :0: ?@8 4>;3>A@>G=><, B0: 8 ?@8 :@0B:>A@>G=>< ?;0=8@>20=88 8 >?@545;5=85 >?B8<0;L=>3> @5H5=8O; - >F5=:0 ?@>872>4AB25==KE 8 =5?@>872>4AB25==KE 70B@0B =0 >15A?5G5=85 :0G5AB20 ?@>4C:F88; - >ACI5AB2;5=85 B5E=8G5A:>3> :>=B@>;O 8 C?@02;5=8O :0G5AB2>< 8745;89 ;53:>9 ?@><KH;5==>AB8; 2) =0CG=>-8AA;54>20B5;LA:0O 45OB5;L=>ABL: - 0=0;87 A>AB>O=8O 8 48=0<8:8 ?>:070B5;59 :0G5AB20 >1J5:B>2 45OB5;L=>AB8 (8745;89 ;53:>9 ?@><KH;5==>AB8, :>68 8 <5E0, B:0=8 8 =5B:0=KE <0B5@80;>2, H:C@ 682>B=KE, ?@>4C:B>2 ?5@5@01>B:8 :>;;035=0) A 8A?>;L7>20=85< =5>1E>48<KE <5B>4>2 8 A@54AB2 8AA;54>20=89; - A>740=85 B5>@5B8G5A:8E <>45;59, ?>72>;ONI8E ?@>3=>78@>20BL A2>9AB20 :>68, <5E0, 8745;89 87 B:0=8, :>68 8 <5E0; - @07@01>B:0 ?;0=>2, ?@>3@0<< 8 <5B>48: ?@>2545=8O 8AA;54>20=89 B:0=8, =5B:0=KE <0B5@80;>2, :>68 8 <5E0, 8745;89 ;53:>9 ?@><KH;5==>AB8 ; - 0=0;87, A8=B57 8 >?B8<870F8O ?@>F5AA>2 >15A?5G5=8O :0G5AB20 8A?KB0=89, A5@B8D8:0F88 ?@>4C:F88 A ?@8<5=5=85< ?@>1;5<=>->@85=B8@>20==KE <5B>4>2; 3) ?@>5:B=0O 45OB5;L=>ABL: -D>@<8@>20=85 F5;59 ?@>5:B0 (?@>3@0<<K) @5H5=8O 7040G, :@8B5@852 8 ?>:070B5;59 4>AB865=8O F5;59, ?>AB@>5=85 AB@C:BC@K 8E 2708<>A2O759, 2KO2;5=85 ?@8>@8B5B>2 @5H5=8O 7040G A CG5B>< =@02AB25==KE 0A?5:B>2 45OB5;L=>AB8; @07@01>B:0 >1>1I5==KE 20@80=B>2 @5H5=8O ?@>1;5<K, 0=0;87 MB8E 20@80=B>2, ?@>3=>78@>20=85 ?>A;54AB289, =0E>645=85 :><?@><8AA=KE @5H5=89 2 CA;>28OE <=>3>:@8B5@80;L=>AB8, =5>?@545;5==>AB8, ?;0=8@>20=85 @50;870F88 ?@>5:B0; -@07@01>B:0 48709=-?@>5:B>2 8745;89 ;53:>9 ?@><KH;5==>AB8 A CG5B>< :>=AB@C:B>@A:>-B5E=>;>38G5A:8E, MAB5B8G5A:8E, M:>=><8G5A:8E 8 M:>;>38G5A:8E ?0@0<5B@>2; -8A?>;L7>20=85 8=D>@<0F8>==KE B5E=>;>389 ?@8 @07@01>B:5 =>2KE 8745;89 ;53:>9 ?@><KH;5==>AB8; - @07@01>B:0 ?@>5:B>2 B5E=8G5A:8E CA;>289, AB0=40@B>2 8 B5E=8G5A:8E >?8A0=89 =>2KE 8745;89 ;53:>9 ?@><KH;5==>AB8. 1.4.4. 20;8D8:0F8>==K5 B@51>20=8O. ;O @5H5=8O ?@>D5AA8>=0;L=KE 7040G 8=65=5@: - A>AB02;O5B ?;0=K @07<5I5=8O >1>@C4>20=8O, B5E=8G5A:>3> >A=0I5=8O 8 >@30=870F88 @01>G8E <5AB, @0AAG8BK205B ?@>872>4AB25==K5 <>I=>AB8 8 703@C7:C >1>@C4>20=8O; - CG0AB2C5B 2 @07@01>B:5 B5E=8G5A:8 >1>A=>20==KE =>@< 2K@01>B:8, =>@< >1A;C6820=8O >1>@C4>20=8O; - @0AAG8BK205B =>@<0B82K <0B5@80;L=KE 70B@0B (=>@<K @0AE>40 AK@LO, ?>;CD01@8:0B>2, <0B5@80;>2, M=5@388); - @0AAG8BK205B M:>=><8G5A:CN MDD5:B82=>ABL ?@>5:B8@C5<KE 8745;89 8 B5E=>;>38G5A:8E ?@>F5AA>2; - >ACI5AB2;O5B :>=B@>;L 70 A>1;N45=85< B5E=>;>38G5A:>9 48AF8?;8=K 2 F5E0E 8 ?@028;L=>9 M:A?;C0B0F859 B5E=>;>38G5A:>3> >1>@C4>20=8O; - @07@010BK205B 8 ?@8=8<05B CG0AB85 2 @50;870F88 <5@>?@8OB89 ?> ?>2KH5=8N MDD5:B82=>AB8 ?@>872>4AB20, =0?@02;5==KE =0 A>:@0I5=85 @0AE>40 <0B5@80;>2, A=865=85 B@C4>5<:>AB8, ?>2KH5=85 ?@>872>48B5;L=>AB8 B@C40; - 0=0;878@C5B ?@8G8=K 1@0:0 8 2K?CA:0 ?@>4C:F88 =87:>3> :0G5AB20 8 ?>=865==KE A>@B>2, ?@8=8<05B CG0AB85 2 @07@01>B:5 <5@>?@8OB89 ?> 8E ?@54C?@5645=8N, 0 B0:65 2 @0AA<>B@5=88 ?>ABC?0NI8E @5:;0<0F89 =0 2K?CA:05<CN ?@54?@8OB85< ?@>4C:F8N; - @07@010BK205B <5B>4K B5E=8G5A:>3> :>=B@>;O 8 8A?KB0=8O ?@>4C:F88; - CG0AB2C5B 2 A>AB02;5=88 ?0B5=B=KE 8 ;8F5=78>==KE ?0A?>@B>2 70O2>: =0 87>1@5B5=8O 8 ?@><KH;5==K5 >1@07FK; - @0AA<0B@8205B @0F8>=0;870B>@A:85 ?@54;>65=8O ?> A>25@H5=AB2>20=8N B5E=>;>388 ?@>872>4AB20 8 405B 70:;NG5=8O > F5;5A>>1@07=>AB8 8E 8A?>;L7>20=8O; - CG0AB2C5B 2 ?@>2545=88 =0CG=KE 8AA;54>20=89 8;8 2K?>;=5=88 B5E=8G5A:8E @07@01>B>:; - >ACI5AB2;O5B A1>@, >1@01>B:C, 0=0;87 8 A8AB5<0B870F8N =0CG=>-B5E=8G5A:>9 8=D>@<0F88 ?> B5<5 (7040=8N); - ?@>5:B8@C5B A@54AB20 8A?KB0=8O 8 :>=B@>;O, >A=0AB:C, ;01>@0B>@=K5 <0:5BK, :>=B@>;8@C5B 8E 873>B>2;5=85; - ?@8=8<05B CG0AB85 2 AB5=4>2KE 8 ?@><KH;5==KE 8A?KB0=8OE >?KB=KE >1@07F>2 (?0@B89) ?@>5:B8@C5<KE 8745;89; - ?>43>B02;8205B 8AE>4=K5 40==K5 4;O A>AB02;5=8O ?;0=>2, A<5B, 70O2>: =0 <0B5@80;K, >1>@C4>20=85; - @07@010BK205B ?@>5:B=CN 8 @01>GCN B5E=8G5A:CN 4>:C<5=B0F8N, >D>@<;O5B 70:>=G5==K5 =0CG=>-8AA;54>20B5;LA:85 8 ?@>5:B=>-:>=AB@C:B>@A:85 @01>BK; - CG0AB2C5B 2> 2=54@5=88 @07@01>B0==KE B5E=8G5A:8E @5H5=89 8 ?@>5:B>2, 2 >:070=88 B5E=8G5A:>9 ?><>I8 8 >ACI5AB2;5=88 02B>@A:>3> =047>@0 ?@8 873>B>2;5=88, 8A?KB0=8OE 8 A40G5 2 M:A?;C0B0F8N ?@>5:B8@C5<KE 8745;89, >1J5:B>2; - 87CG05B A?5F80;L=CN ;8B5@0BC@C 8 4@C3CN =0CG=>-B5E=8G5A:CN 8=D>@<0F8N, 4>AB865=8O >B5G5AB25==>9 8 70@C156=>9 =0C:8 8 B5E=8:8 2 >1;0AB8 B5E=8:8 8 B5E=>;>388 ;53:>9 ?@><KH;5==>AB8; - ?>43>B02;8205B 8=D>@<0F8>==K5 >17>@K, 0 B0:65 @5F5=788, >B7K2K 8 70:;NG5=8O =0 B5E=8G5A:CN 4>:C<5=B0F8N, - :>=AC;LB8@C5B ?> 2>?@>A0< ?@>5:B8@>20=8O :>=:C@5=B>A?>A>1=>9 ?@>4C:F88, @07@01>B:8 8 @50;870F88 ?@>3@5AA82=KE B5E=>;>38G5A:8E ?@>F5AA>2. 1.5. >7<>6=>AB8 ?@>4>;65=8O >1@07>20=8O =65=5@, >A2>82H89 >A=>2=CN >1@07>20B5;L=CN ?@>3@0<<C 2KAH53> ?@>D5AA8>=0;L=>3> >1@07>20=8O 2 @0<:0E =0?@02;5=8O ?>43>B>2:8 48?;><8@>20=-=>3> A?5F80;8AB0 ?> B5E=>;>388 8 :>=AB@C8@>20=8N 8745;89 ;53:>9 ?@><KH;5=- =>AB8 ?>43>B>2;5= : ?@>4>;65=8N >1@07>20=8O 2 0A?8@0=BC@5. 2. " /  # . " "# " 2.1. @54H5AB2CNI89 C@>25=L >1@07>20=8O 018BC@85=B0 - A@54=55 (?>;=>5) >1I55 >1@07>20=85. 2.2. 18BC@85=B 4>;65= 8<5BL 4>:C<5=B 3>AC40@AB25==>3> >1@07F0 > A@54=5< (?>;=><) >1I5< >1@07>20=88 8;8 A@54=5< ?@>D5AA8>=0;L=>< >1@07>20=88, 8;8 =0G0;L=>< ?@>D5AA8>=0;L=>< >1@07>20=88, 5A;8 2 =5< 5ABL 70?8AL > ?>;CG5=88 ?@54JO28B5;5< A@54=53> (?>;=>3>) >1I53> >1@07>20=8O, 8;8 2KAH5< ?@>D5AA8>=0;L=>< >1@07>20=88. 3. ) " /  !  ",      . "  +% !&!"  "%/  !" #     +(!" 3.1.A=>2=0O >1@07>20B5;L=0O ?@>3@0<<0 ?>43>B>2:8 8=65=5@0 @07@010BK20- 5BAO =0 >A=>20=88 =0AB>OI53> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0 48?;><8@>20==>3> A?5F80;8AB0 8 2:;NG05B 2 A51O CG51=K9 ?;0=, ?@>3@0<<K CG51=KE 48AF8?;8=, ?@>3@0<<K CG51=KE 8 ?@>872>4AB25==KE ?@0:B8:. 3.2."@51>20=8O : >1O70B5;L=><C <8=8<C<C A>45@60=8O >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K ?>43>B>2:8 8=65=5@0, : CA;>28O< 55 @50;870F88 8 A@>:0< 55 >A2>5=8O >?@545;ONBAO =0AB>OI8< 3>AC40@AB25==K< >1@07>20B5;L=K< AB0=40@B><. 3.3. A=>2=0O >1@07>20B5;L=0O ?@>3@0<<0 ?>43>B>2:8 8=65=5@0 A>AB>8B 87 48AF8?;8= D545@0;L=>3> :><?>=5=B0, 48AF8?;8= =0F8>=0;L=>-@538>=0;L=>3> (2C7>2A:>3>) :><?>=5=B0, 48AF8?;8= ?> 2K1>@C ABC45=B0, 0 B0:65 D0:C;LB0B82=KE 48AF8?;8=. 8AF8?;8=K 2C7>2A:>3> :><?>=5=B0 8 ?> 2K1>@C ABC45=B0 2 :064>< F8:;5 4>;6=K A>45@60B5;L=> 4>?>;=OBL 48AF8?;8=K, C:070==K5 2 D545@0;L=>< :><?>=5=B5 F8:;0. 3.4. A=>2=0O >1@07>20B5;L=0O ?@>3@0<<0 ?>43>B>2:8 8=65=5@0 4>;6=0 ?@54CA<0B@820BL 87CG5=85 ABC45=B>< A;54CNI8E F8:;>2 48AF8?;8=: F8:; !-- 1I85 3C<0=8B0@=K5 8 A>F80;L=>-M:>=><8G5A:85 48AF8?;8=K; F8:;  - 1I85 <0B5<0B8G5A:85 8 5AB5AB25==>=0CG=K5 48AF8?;8=K; F8:; - 1I5?@>D5AA8>=0;L=K5 48AF8?;8=K =0?@02;5=8O; F8:; ! - !?5F80;L=K5 48AF8?;8=K,2:;NG0O 48AF8?;8=K A?5F80;870F88 $"- $0:C;LB0B82K 3.5.!>45@60=85 =0F8>=0;L=>-@538>=0;L=>3> :><?>=5=B0 >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K ?>43>B>2:8 8=65=5@0 4>;6=> >15A?5G820BL ?>43>B>2:C 2K?CA:=8:0 2 A>>B25BAB288 A :20;8D8:0F8>==>9 E0@0:B5@8AB8:>9, CAB0=>2;5==>9 =0AB>OI8< 3>AC40@AB25==K< >1@07>20B5;L=K< AB0=40@B><. 4." /  /",# ## ! / !  ",   +   . "  +% !&!" 656100 "%/  !" #     +(!" =45:A08<5=>20=85 48AF8?;8= 8 8E >A=>2=K5 @0745;KA53> G0A>2 1 2 3!-1I85 3C<0=8B0@=K5 8 A>F80;L=>-M:>=><8G5A:85 48AF8?;8=K 1800!-.$.00$545@0;L=K9 :><?>=5=B1260!-.$.01=>AB@0==K9 O7K:: A?5F8D8:0 0@B8:C;OF88 72C:>2, 8=B>=0F88, 0:F5=B0F88 8 @8B<0 =59B@0;L=>9 @5G8 2 87CG05<>< O7K:5; >A=>2=K5 >A>15==>AB8 ?>;=>3> AB8;O ?@>87=>H5=8O, E0@0:B5@=K5 4;O AD5@K ?@>D5AA8>=0;L=>9 :><<C=8:0F88; GB5=85 B@0=A:@8?F88; ;5:A8G5A:89 <8=8<C< 2 >1J5<5 4000 CG51=KE ;5:A8G5A:8E 548=8F >1I53> 8 B5@<8=>;>38G5A:>3> E0@0:B5@0; ?>=OB85 48DD5@5=F80F88 ;5:A8:8 ?> AD5@0< ?@8<5=5=8O (1KB>20O, B5@<8=>;>38G5A:0O, >1I5=0CG=0O, >D8F80;L=0O 8 4@C30O); ?>=OB85 > A2>1>4=KE 8 CAB>9G82KE A;>2>A>G5B0=8OE, D@075>;>38G5A:8E 548=8F0E; ?>=OB85 >1 >A=>2=KE A?>A>10E A;>2>>1@07>20=8O; 3@0<<0B8G5A:85 =02K:8, >15A?5G820NI85 :><<C=8:0F8N >1I53> E0@0:B5@0 157 8A:065=8O A<KA;0 ?@8 ?8AL<5==>< 8 CAB=>< >1I5=88; >A=>2=K5 3@0<<0B8G5A:85 O2;5=8O, E0@0:B5@=K5 4;O ?@>D5AA8>=0;L=>9 @5G8; ?>=OB85 >1 >18E>4=>- ;8B5@0BC@=><, >D8F80;L=>-45;>2><, =0CG=>< AB8;OE, AB8;5 EC4>65AB25==>9 ;8B5@0BC@K; >A=>2=K5 >A>15==>AB8 =0CG=>3> AB8;O; :C;LBC@0 8 B@048F88 AB@0= 87CG05<>3> O7K:0, ?@028;0 @5G52>3> MB8:5B0; 3>2>@5=85; 480;>38G5A:0O 8 <>=>;>38G5A:0O @5GL A 8A?>;L7>20=85< =081>;55 C?>B@518B5;L=KE 8 >B=>A8B5;L=> ?@>ABKE ;5:A8:> 3@0<<0B8G5A:8E A@54AB2 2 >A=>2=KE :><<C=8:0B82=KE A8BC0F8OE =5>D8F80;L=>3> 8 >D8F80;L=>3> >1I5=8O; >A=>2K ?C1;8G=>9 @5G8 (CAB=>5 A>>1I5=85, 4>:;04); 0C48@>20=85; ?>=8<0=85 480;>38G5A:>9 8 <>=>;>38G5A:>9 @5G8 2 AD5@5 1KB>2>9 8 ?@>D5AA8>=0;L=>9 :><<C=8:0F88; GB5=85; 284K B5:AB>2: =5A;>6=K5 ?@03<0B8G5A:85 B5:ABK 8 B5:ABK ?> H8@>:><C 8 C7:><C ?@>D8;N A?5F80;L=>AB8; ?8AL<>; 284K @5G52KE ?@>872545=89: 0==>B0F8O, @5D5@0B, B578AK, A>>1I5=8O, G0AB=>5 ?8AL<>, 45;>2>5 ?8AL<>, 18>3@0D8O. 340!-.$.02 $878G5A:0O :C;LBC@0: D878G5A:0O :C;LBC@0 2 >1I5:C;LBC@=>9 8 ?@>D5AA8>=0;L=>9 ?>43>B>2:5 ABC45=B>2; 55 A>F80;L=>-18>;>38G5A:85 >A=>2K; D878G5A:0O :C;LBC@0 8 A?>@B :0: A>F80;L=K5 D5=><5=K >1I5AB20; 70:>=>40B5;LAB2> >AA89A:>9 $545@0F88 > D878G5A:>9 :C;LBC@5 8 A?>@B5; D878G5A:0O :C;LBC@0 ;8G=>AB8; >A=>2K 74>@>2>3> >1@070 687=8 ABC45=B0; >A>15==>AB8 8A?>;L7>20=8O A@54AB2 D878G5A:>9 :C;LBC@K 4;O >?B8<870F88 @01>B>A?>A>1=>AB8; >1I0O D878G5A:0O 8 A?5F80;L=0O ?>43>B>2:0 2 A8AB5<5 D878G5A:>3> 2>A?8B0=8O; A?>@B; 8=48284C0;L=K9 2K1>@ 284>2 A?>@B0 8;8 A8AB5< D878G5A:8E C?@06=5=89; ?@>D5AA8>=0;L=> - ?@8:;04=0O D878G5A:0O ?>43>B>2:0 ABC45=B>2; >A=>2K <5B>48:8 A0<>AB>OB5;L=KE 70=OB89 8 A0<>:>=B@>;L 70 A>AB>O=85< A2>53> >@30=87<0.  408!-.$.03B5G5AB25==0O 8AB>@8O: ACI=>ABL, D>@<K, DC=:F88 8AB>@8G5A:>3> 7=0=8O; <5B>4K 8 8AB>G=8:8 87CG5=8O 8AB>@88; ?>=OB85 8 :;0AA8D8:0F8O 8AB>@8G5A:>3> 8AB>G=8:0; >B5G5AB25==0O 8AB>@8>3@0D8O 2 ?@>H;>< 8 =0AB>OI5<: >1I55 8 >A>15==>5; <5B>4>;>38O 8 B5>@8O 8AB>@8G5A:>9 =0C:8; 8AB>@8O >AA88  =5>BJ5<;5<0O G0ABL 2A5<8@=>9 8AB>@88; 0=B8G=>5 =0A;5485 2 M?>EC 5;8:>3> ?5@5A5;5=8O =0@>4>2; ?@>1;5<0 MB=>35=570 2>AB>G=KE A;02O=; >A=>2=K5 MB0?K AB0=>2;5=8O 3>AC40@AB25==>AB8; 4@52=OO CAL 8 :>G52=8:8; 2870=B89A:>-4@52=5@CAA:85 A2O78; >A>15==>AB8 A>F80;L=>3> AB@>O @52=59 CA8; MB=>:C;LBC@=K5 8 A>F80;L=>-?>;8B8G5A:85 ?@>F5AAK AB0=>2;5=8O @CAA:>9 3>AC40@AB25==>AB8; ?@8=OB85 E@8AB80=AB20; @0A?@>AB@0=5=85 8A;0<0; M2>;NF8O 2>AB>G=>A;02O=A:>9 3>AC40@AB25==>AB8 2 %1 %22.; A>F80;L=>  ?>;8B8G5A:85 87<5=5=8O 2 @CAA:8E 75<;OE 2 %(  %# 22.; CAL 8 @40: ?@>1;5<K 2708<>2;8O=8O; >AA8O 8 A@54=525:>2K5 3>AC40@AB20 2@>?K 8 788; A?5F8D8:0 D>@<8@>20=8O 548=>3> @>AA89A:>3> 3>AC40@AB20; 2>72KH5=85 >A:2K; D>@<8@>20=85 A>A;>2=>9 A8AB5<K >@30=870F88 >1I5AB20; @5D>@<K 5B@0 1; 25: :0B5@8=K; ?@54?>AK;:8 8 >A>15==>AB8 A:;04K20=8O @>AA89A:>3> 01A>;NB87<0; 48A:CAA88 > 35=578A5 A0<>45@6028O; >A>15==>AB8 8 >A=>2=K5 MB0?K M:>=><8G5A:>3> @0728B8O >AA88; M2>;NF8O D>@< A>1AB25==>AB8 =0 75<;N; AB@C:BC@0 D5>40;L=>3> 75<;52;045=8O; :@5?>AB=>5 ?@02> 2 >AA88; <0=CD0:BC@=>-?@><KH;5==>5 ?@>872>4AB2>; AB0=>2;5=85 8=4CAB@80;L=>3> >1I5AB20 2 >AA88: >1I55 8 >A>15==>5; >1I5AB25==0O <KA;L 8 >A>15==>AB8 >1I5AB25==>3> 42865=8O >AA88 %1% 2.; @5D>@<K 8 @5D>@<0B>@K 2 >AA88; @CAA:0O :C;LBC@0 %1% 25:0 8 55 2:;04 2 <8@>2CN :C;LBC@C; @>;L %% AB>;5B8O 2 <8@>2>9 8AB>@88; 3;>10;870F8O >1I5AB25==KE ?@>F5AA>2; ?@>1;5<0 M:>=><8G5A:>3> @>AB0 8 <>45@=870F88; @52>;NF88 8 @5D>@<K; A>F80;L=0O B@0=AD>@<0F8O >1I5AB20; AB>;:=>25=85 B5=45=F89 8=B5@=0F8>=0;87<0 8 =0F8>=0;87<0, 8=B53@0F88 8 A5?0@0B87<0, 45<>:@0B88 8 02B>@8B0@87<0; >AA8O 2 =0G0;5 %% 2.; >1J5:B82=0O ?>B@51=>ABL 8=4CAB@80;L=>9 <>45@=870F88 >AA88; @>AA89A:85 @5D>@<K 2 :>=B5:AB5 >1I5<8@>2>3> @0728B8O 2 =0G0;5 25:0; ?>;8B8G5A:85 ?0@B88 >AA88: 35=578A, :;0AA8D8:0F8O, ?@>3@0<<K, B0:B8:0; >AA8O 2 CA;>28OE <8@>2>9 2>9=K 8 >1I5=0F8>=0;L=>3> :@878A0; @52>;NF8O 1917 3.; 3@0640=A:0O 2>9=0 8 8=B5@25=F8O; 8E @57C;LB0BK 8 ?>A;54AB28O; @>AA89A:0O M<83@0F8O; A>F80;L=>  M:>=><8G5A:>5 @0728B85 AB@0=K 2 20 5 33.; -; D>@<8@>20=85 >4=>?0@B89=>3> ?>;8B8G5A:>3> @568<0; >1@07>20=85 !!! ; :C;LBC@=0O 687=L AB@0=K 2 20-5 33.; 2=5H=OO ?>;8B8:0; :C@A =0 AB@>8B5;LAB2> A>F80;87<0 2 >4=>9 AB@0=5 8 53> ?>A;54AB28O; A>F80;L=>-M:>=><8G5A:85 ?@5>1@07>20=8O 2 30-5 33.; CA8;5=85 @568<0 ;8G=>9 2;0AB8 !B0;8=0; A>?@>B82;5=85 AB0;8=87<C; !!!  =0:0=C=5 8 2 =0G0;L=K9 ?5@8>4 2B>@>9 <8@>2>9 2>9=K; 5;8:0O B5G5AB25==0O 2>9=0; A>F80;L=>-M:>=><8G5A:>5 @0728B85; >1I5AB25==>-?>;8B8G5A:0O 687=L; :C;LBC@0; 2=5H=OO ?>;8B8:0 !!!  2 ?>A;52>5==K5 3>4K; E>;>4=0O 2>9=0; ?>?KB:8 >ACI5AB2;5=8O ?>;8B8G5A:8E 8 M:>=><8G5A:8E @5D>@<; "  8 55 2;8O=85 =0 E>4 >1I5AB25==>3> @0728B8O; !!!  2 A5@548=5 60-80-E 33.: =0@0AB0=85 :@878A=KE O2;5=89; !>25BA:89 !>N7 2 1985  1991 33.; ?5@5AB@>9:0; ?>?KB:0 3>AC40@AB25==>3> ?5@52>@>B0 1991 3. 8 55 ?@>20;; @0A?04 !!! ; 5;>256A:85 A>3;0H5=8O; >:BO1@LA:85 A>1KB8O 1993 3.; AB0=>2;5=85 =>2>9 @>AA89A:>9 3>AC40@AB25==>AB8 (1993  1999 33.); >AA8O =0 ?CB8 @048:0;L=>9 A>F80;L=>- M:>=><8G5A:>9 <>45@=870F88; :C;LBC@0 2 A>2@5<5==>9 >AA88; 2=5H=5?>;8B8G5A:0O 45OB5;L=>ABL 2 CA;>28OE =>2>9 35>?>;8B8G5A:>9 A8BC0F88.!-.$.04C;LBC@>;>38O: AB@C:BC@0 8 A>AB02 A>2@5<5==>3> :C;LBC@>;>38G5A:>3> 7=0=8O; :C;LBC@>;>38O 8 D8;>A>D8O :C;LBC@K; A>F8>;>38O :C;LBC@K; :C;LBC@=0O 0=B@>?>;>38O; :C;LBC@>;>38O 8 8AB>@8O :C;LBC@K; B5>@5B8G5A:0O 8 ?@8:;04=0O :C;LBC@>;>38O; <5B>4K :C;LBC@>;>38G5A:8E 8AA;54>20=89; >A=>2=K5 ?>=OB8O :C;LBC@>;>388: :C;LBC@0, F828;870F8O, <>@D>;>38O :C;LBC@K, DC=:F88 :C;LBC@K, AC1J5:B :C;LBC@K, :C;LBC@>35=57, 48=0<8:0 :C;LBC@K, O7K: 8 A8<2>;K :C;LBC@K, :C;LBC@=K5 :>4K, <56:C;LBC@=K5 :><<C=8:0F88, :C;LBC@=K5 F5==>AB8 8 =>@<K, :C;LBC@=K5 B@048F88, :C;LBC@=0O :0@B8=0 <8@0, A>F80;L=K5 8=AB8BCBK :C;LBC@K, :C;LBC@=0O A0<>845=B8G=>ABL, :C;LBC@=0O <>45@=870F8O; B8?>;>38O :C;LBC@; MB=8G5A:0O 8 =0F8>=0;L=0O, M;8B0@=0O 8 <0AA>20O :C;LBC@K; 2>AB>G=K5 8 70?04=K5 B8?K :C;LBC@; A?5F8D8G5A:85 8 A5@548==K5 :C;LBC@K; ;>:0;L=K5 :C;LBC@K; <5AB> 8 @>;L >AA88 2 <8@>2>9 :C;LBC@5; B5=45=F88 :C;LBC@=>9 C=825@A0;870F88 2 <8@>2>< A>2@5<5==>< ?@>F5AA5; :C;LBC@0 8 ?@8@>40; :C;LBC@0 8 >1I5AB2>; :C;LBC@0 8 3;>10;L=K5 ?@>1;5<K A>2@5<5==>AB8; :C;LBC@0 8 ;8G=>ABL; 8=:C;LBC@0F8O 8 A>F80;870F8O.!-.$.05>;8B>;>38O: >1J5:B, ?@54<5B 8 <5B>4 ?>;8B8G5A:>9 =0C:8; DC=:F88 ?>;8B>;>388; ?>;8B8G5A:0O 687=L 8 2;0AB=K5 >B=>H5=8O; @>;L 8 <5AB> ?>;8B8:8 2 687=8 A>2@5<5==KE >1I5AB2; A>F80;L=K5 DC=:F88 ?>;8B8:8; 8AB>@8O ?>;8B8G5A:8E CG5=89; @>AA89A:0O ?>;8B8G5A:0O B@048F8O: 8AB>:8, A>F8>:C;LBC@=K5 >A=>20=8O; 8AB>@8G5A:0O 48=0<8:0; A>2@5<5==K5 ?>;8B>;>38G5A:85 H:>;K; 3@0640=A:>5 >1I5AB2>; 53> ?@>8AE>645=85 8 >A>15==>AB8; >A>15==>AB8 AB0=>2;5=8O 3@0640=A:>3> >1I5AB20 2 >AA88; 8=AB8BCF8>=0;L=K5 0A?5:BK ?>;8B8:8; ?>;8B8G5A:0O 2;0ABL; ?>;8B8G5A:0O A8AB5<0; ?>;8B8G5A:85 @568<K; ?>;8B8G5A:85 ?0@B88; M;5:B>@0;L=K5 A8AB5<K; ?>;8B8G5A:85 >B=>H5=8O 8 ?@>F5AAK; ?>;8B8G5A:85 :>=D;8:BK 8 A?>A>1K 8E @07@5H5=8O; ?>;8B8G5A:85 B5E=>;>388; ?>;8B8G5A:89 <5=546<5=B; ?>;8B8G5A:0O <>45@=870F8O; ?>;8B8G5A:85 >@30=870F88 8 42865=8O; ?>;8B8G5A:85 M;8BK; ?>;8B8G5A:>5 ;845@AB2>; A>F8>:C;LBC@=K5 0A?5:BK ?>;8B8:8; <8@>20O ?>;8B8:0 8 <564C=0@>4=K5 >B=>H5=8O; >A>15==>AB8 <8@>2>3> ?>;8B8G5A:>3> ?@>F5AA0; =0F8>=0;L=>-3>AC40@AB25==K5 8=B5@5AK >AA88 2 =>2>9 35>?>;8B8G5A:>9 A8BC0F88; <5B>4>;>38O ?>7=0=8O ?>;8B8G5A:>9 @50;L=>AB8; ?0@0483<K ?>;8B8G5A:>3> 7=0=8O; M:A?5@B=>5 ?>;8B8G5A:>5 7=0=85; ?>;8B8G5A:0O 0=0;8B8:0 8 ?@>3=>AB8:0.!-.$.06@02>2545=85: 3>AC40@AB2> 8 ?@02>; 8E @>;L 2 687=8 >1I5AB20; =>@<0 ?@020 8 =>@<0B82=>-?@02>2K5 0:BK; >A=>2=K5 ?@02>2K5 A8AB5<K A>2@5<5==>AB8; <564C=0@>4=>5 ?@02> :0: >A>10O A8AB5<0 ?@020; 8AB>G=8:8 @>AA89A:>3> ?@020; 70:>= 8 ?>470:>==K5 0:BK; A8AB5<0 @>AA89A:>3> ?@020; >B@0A;8 ?@020; ?@02>=0@CH5=85 8 N@848G5A:0O >B25BAB25==>ABL; 7=0G5=85 70:>==>AB8 8 ?@02>?>@O4:0 2 A>2@5<5==>< >1I5AB25; ?@02>2>5 3>AC40@AB2>; :>=AB8BCF8O >AA89A:>9 $545@0F88 - >A=>2=>9 70:>= 3>AC40@AB20; >A>15==>AB8 D545@0B82=>3> CAB@>9AB20 >AA88; A8AB5<0 >@30=>2 3>AC40@AB25==>9 2;0AB8 2 >AA89A:>9 $545@0F88; ?>=OB85 3@0640=A:>3> ?@02>>B=>H5=8O; D878G5A:85 8 N@848G5A:85 ;8F0; ?@02> A>1AB25==>AB8; >1O70B5;LAB20 2 3@0640=A:>< ?@025 8 >B25BAB25==>ABL 70 8E =0@CH5=85; =0A;54AB25==>5 ?@02>; 1@0G=>-A5<59=K5 >B=>H5=8O; 2708<=K5 ?@020 8 >1O70==>AB8 AC?@C3>2, @>48B5;59 8 45B59; >B25BAB25==>ABL ?> A5<59=><C ?@02C; B@C4>2>9 4>3>2>@ (:>=B@0:B); B@C4>20O 48AF8?;8=0 8 >B25BAB25==>ABL 70 55 =0@CH5=85; 04<8=8AB@0B82=K5 ?@02>=0@CH5=8O 8 04<8=8AB@0B82=0O >B25BAB25==>ABL; ?>=OB85 ?@5ABC?;5=8O; C3>;>2=0O >B25BAB25==>ABL 70 A>25@H5=85 ?@5ABC?;5=89; M:>;>38G5A:>5 ?@02>; >A>15==>AB8 ?@02>2>3> @53C;8@>20=8O 1C4CI59 ?@>D5AA8>=0;L=>9 45OB5;L=>AB8; ?@02>2K5 >A=>2K 70I8BK 3>AC40@AB25==>9 B09=K; 70:>=>40B5;L=K5 8 =>@<0B82=>-?@02>2K5 0:BK 2 >1;0AB8 70I8BK 8=D>@<0F88 8 3>AC40@AB25==>9 B09=K.!-.$.07A8E>;>38O 8 ?5403>38:0: ?A8E>;>38O: ?@54<5B, >1J5:B 8 <5B>4K ?A8E>;>388; <5AB> ?A8E>;>388 2 A8AB5<5 =0C:; 8AB>@8O @0728B8O ?A8E>;>38G5A:>3> 7=0=8O 8 >A=>2=K5 =0?@02;5=8O ?A8E>;>388; 8=48284, ;8G=>ABL, AC1J5:B, 8=48284C0;L=>ABL; ?A8E8:0 8 >@30=87<; ?A8E8:0, ?>2545=85 8 45OB5;L=>ABL; >A=>2=K5 DC=:F88 ?A8E8:8; @0728B85 ?A8E8:8 2 ?@>F5AA5 >=B>35=570 8 D8;>35=570; <>73 8 ?A8E8:0; AB@C:BC@0 ?A8E8:8; A>>B=>H5=85 A>7=0=8O 8 15AA>7=0B5;L=>3>; >A=>2=K5 ?A8E8G5A:85 ?@>F5AAK; AB@C:BC@0 A>7=0=8O; ?>7=020B5;L=K5 ?@>F5AAK; >ICI5=85, 2>A?@8OB85, ?@54AB02;5=85, 2>>1@065=85, <KH;5=85 8 8=B5;;5:B; B2>@G5AB2>; 2=8<0=85; <=5<8G5A:85 ?@>F5AAK; M<>F88 8 GC2AB20; ?A8E8G5A:0O @53C;OF8O ?>2545=8O 8 45OB5;L=>AB8; >1I5=85 8 @5GL; ?A8E>;>38O ;8G=>AB8; <56;8G=>AB=K5 >B=>H5=8O; ?A8E>;>38O <0;KE 3@C??; <563@C??>2K5 >B=>H5=8O 8 2708<>459AB28O; ?5403>38:0: >1J5:B, ?@54<5B, 7040G8, DC=:F88, <5B>4K ?5403>38:8; >A=>2=K5 :0B53>@88 ?5403>38:8: >1@07>20=85, 2>A?8B0=85, >1CG5=85; ?5403>38G5A:0O 45OB5;L=>ABL, ?5403>38G5A:>5 2708<>459AB285, ?5403>38G5A:0O B5E=>;>38O, ?5403>38G5A:0O 7040G0; >1@07>20=85 :0: >1I5G5;>25G5A:0O F5==>ABL; >1@07>20=85 :0: A>F8>:C;LBC@=K9 D5=><5= 8 ?5403>38G5A:89 ?@>F5AA; >1@07>20B5;L=0O A8AB5<0 >AA88; F5;8, A>45@60=85, AB@C:BC@0 =5?@5@K2=>3> >1@07>20=8O; 548=AB2> >1@07>20=8O 8 A0<>>1@07>20=8O; ?5403>38G5A:89 ?@>F5AA; >1@07>20B5;L=0O, 2>A?8B0B5;L=0O 8 @072820NI0O DC=:F88 >1CG5=8O; 2>A?8B0=85 2 ?5403>38G5A:>< ?@>F5AA5; >1I85 D>@<K >@30=870F88 CG51=>9 45OB5;L=>AB8; C@>:, ;5:F8O, A5<8=0@A:85, ?@0:B8G5A:85 8 ;01>@0B>@=K5 70=OB8O, 48A?CB, :>=D5@5=F8O, 70G5B, M:70<5=, D0:C;LB0B82=K5 70=OB8O, :>=AC;LB0F8O; <5B>4K, ?@85<K, A@54AB20 >@30=870F88 8 C?@02;5=8O ?5403>38G5A:8< ?@>F5AA><; A5<LO :0: >1J5:B ?5403>38G5A:>3> 2708<>459AB28O 8 A>F8>:C;LBC@=0O A@540 2>A?8B0=8O 8 @0728B8O ;8G=>AB8; C?@02;5=85 >1@07>20B5;L=K<8 A8AB5<0<8.!-.$.08 CAA:89 O7K: 8 :C;LBC@0 @5G8: AB8;8 A>2@5<5==>3> @CAA:>3> ;8B5@0BC@=>3> O7K:0; O7K:>20O =>@<0, 55 @>;L 2 AB0=>2;5=88 8 DC=:F8>=8@>20=88 ;8B5@0BC@=>3> O7K:0; @5G52>5 2708<>459AB285; >A=>2=K5 548=8FK >1I5=8O; CAB=0O 8 ?8AL<5==0O @07=>284=>AB8 ;8B5@0BC@=>3> O7K:0; =>@<0B82=K5, :><<C=8:0B82=K5, MB8G5A:85 0A?5:BK CAB=>9 8 ?8AL<5==>9 @5G8; DC=:F8>=0;L=K5 AB8;8 A>2@5<5==>3> @CAA:>3> O7K:0; 2708<>459AB285 DC=:F8>=0;L=KE AB8;59; =0CG=K9 AB8;L; A?5F8D8:0 8A?>;L7>20=85 M;5<5=B>2 @07;8G=KE O7K:>2KE C@>2=59 2 =0CG=>9 @5G8; @5G52K5 =>@<K CG51=>9 8 =0CG=>9 AD5@ 45OB5;L=>AB8; >D8F80;L=>-45;>2>9 AB8;L; AD5@K 53> DC=:F8>=8@>20=8O; 60=@>2K5 @07=>>1@078O; O7K:>2K5 D>@<C;K >D8F80;L=KE 4>:C<5=B>2; ?@85<K C=8D8:0F88 O7K:0 2 A;C651=KE 4>:C<5=B0E; 8=B5@=0F8>=0;L=K5 A2>9AB20 @CAA:>9 >D8F80;L=>-45;>2>9 ?8AL<5==>9 @5G8; O7K: 8 AB8;L @0A?>@O48B5;L=KE 4>:C<5=B>2; O7K: 8 AB8;L :><<5@G5A:>9 :>@@5A?>=45=F88; O7K: 8 AB8;L :>=AB@C:B82=>-<5B>48G5A:8E 4>:C<5=B>2; @5:;0<0 2 45;>2>9 @5G8; ?@028;0 >D>@<;5=8O 4>:C<5=B>2; @5G52>9 MB8:5B 2 4>:C<5=B5; 60=@>20O 48DD5@5=F80F8O 8 >B1>@ O7K:>2KE A@54AB2 2 ?C1;8F8AB8G5A:>< AB8;5; >A>15==>AB8 CAB=>9 ?C1;8G=>9 @5G8; >@0B>@ 8 53> 0C48B>@8O; >A=>2=K5 284K 0@3C<5=B>2; ?>43>B>2:0 @5G8: 2K1>@ B5<K, F5;L @5G8, ?>8A: <0B5@80;0, =0G0;>, @0725@BK20=85 8 7025@H5=85 @5G8; >A=>2=K5 ?@85<K ?>8A:0 <0B5@80;0 8 284K 2A?><>30B5;L=KE <0B5@80;>2; A;>25A=>5 >D>@<;5=85 ?C1;8G=>3> 2KABC?;5=8O; ?>=OB;82>ABL, 8=D>@<0B82=>ABL, 2K@078B5;L=>ABL ?C1;8G=>9 @5G8; @073>2>@=0O @5GL 2 A8AB5<5 DC=:F8>=0;L=KE @07=>284=>AB59 @CAA:>3> ;8B5@0BC@=>3> O7K:0; CA;>28O DC=:F8>=8@>20=8O @073>2>@=>9 @5G8, @>;L 2=5O7K:>2KE D0:B>@>2; :C;LBC@0 @5G8; >A=>2=K5 =0?@02;5=8O A>25@H5=AB2>20=8O =02K:>2 3@0<>B=>3> ?8AL<0 8 3>2>@5=8O.!-.$.09!>F8>;>38O: ?@54KAB>@8O 8 A>F80;L=>-D8;>A>DA:85 ?@54?>AK;:8 A>F8>;>388 :0: =0C:8; A>F8>;>38G5A:89 ?@>5:B .>=B0; :;0AA8G5A:85 A>F8>;>38G5A:85 B5>@88; A>2@5<5==K5 A>F8>;>38G5A:85 B5>@88; @CAA:0O A>F8>;>38G5A:0O <KA;L; >1I5AB2> 8 A>F80;L=K5 8=AB8BCBK; <8@>20O A8AB5<0 8 ?@>F5AAK 3;>10;870F88; A>F80;L=K5 3@C??K 8 >1I=>AB8; 284K >1I=>AB59; >1I=>ABL 8 ;8G=>ABL; <0;K5 3@C??K 8 :>;;5:B82K; A>F80;L=K5 >@30=870F88; A>F80;L=K5 42865=8O; A>F80;L=>5 =5@025=AB2>, AB@0B8D8:0F8O 8 A>F80;L=0O <>18;L=>ABL; ?>=OB85 A>F80;L=>3> AB0BCA0; A>F80;L=>5 2708<>459AB285 8 A>F80;L=K5 >B=>H5=8O; >1I5AB25==>5 <=5=85 :0: 8=AB8BCB 3@0640=A:>3> >1I5AB20; :C;LBC@0 :0: D0:B>@ A>F80;L=KE 87<5=5=89; 2708<>459AB285 M:>=><8:8, A>F80;L=KE >B=>H5=89 8 :C;LBC@K; ;8G=>ABL :0: A>F80;L=K9 B8?; A>F80;L=K9 :>=B@>;L 8 45280F8O; ;8G=>ABL :0: 45OB5;L=K9 AC1J5:B; A>F80;L=K5 87<5=5=8O; A>F80;L=K5 @52>;NF88 8 @5D>@<K; :>=F5?F8O A>F80;L=>3> ?@>3@5AA0; D>@<8@>20=85 <8@>2>9 A8AB5<K; <5AB> >AA88 2 <8@>2>< A>>1I5AB25; <5B>4K A>F8>;>38G5A:>3> 8AA;54>20=8O.!-.$.10$8;>A>D8O: ?@54<5B D8;>A>D88; <5AB> 8 @>;L D8;>A>D88 2 :C;LBC@5; AB0=>2;5=85 D8;>A>D88; >A=>2=K5 =0?@02;5=8O, H:>;K D8;>A>D88 8 MB0?K 55 8AB>@8G5A:>3> @0728B8O; AB@C:BC@0 D8;>A>DA:>3> 7=0=8O; CG5=85 > 1KB88; <>=8AB8G5A:85 8 ?;N@0AB8G5A:85 :>=F5?F88 1KB8O; A0<>>@30=870F8O 1KB8O; ?>=OB8O <0B5@80;L=>3> 8 8450;L=>3>; ?@>AB@0=AB2>; 2@5<O, 42865=85 8 @0728B85, 480;5:B8:0; 45B5@<8=87< 8 8=45B5@<8=87<; 48=0<8G5A:85 8 AB0B8G5A:85 70:>=><5@=>AB8; =0CG=K5, D8;>A>DA:85 8 @5;838>7=K5 :0@B8=K <8@0; G5;>25:, >1I5AB2>, :C;LBC@0; G5;>25: 8 ?@8@>40; >1I5AB2> 8 53> AB@C:BC@0; 3@0640=A:>5 >1I5AB2> 8 3>AC40@AB2>; G5;>25: 2 A8AB5<5 A>F80;L=KE A2O759; G5;>25: 8 8AB>@8G5A:89 ?@>F5AA: ;8G=>ABL 8 <0AA, A2>1>40 8 =5>1E>48<>ABL; D>@<0F8>==0O 8 F828;870F8>==0O :>=F5?F88 >1I5AB25==>3> @0728B8O; A<KA; G5;>25G5A:>3> 1KB8O; =0A8;85 8 =5=0A8;85; A2>1>40 8 >B25BAB25==>ABL; <>@0;L, A?@0254;82>ABL, ?@02>; =@02AB25==K5 F5==>AB8; ?@54AB02;5=8O > A>25@H5==>< G5;>25:5 2 @07;8G=KE :C;LBC@0E; MAB5B8G5A:85 F5==>AB8 8 8E @>;L 2 G5;>25G5A:>9 687=8; @5;838>7=K5 F5==>AB8 8 A2>1>40 A>25AB8; A>7=0=85 8 ?>7=0=85, A>7=0=85, A0<>A>7=0=85 8 ;8G=>ABL; ?>7=0=85, B2>@G5AB2>, ?@0:B8:0; 25@0 8 7=0=85; ?>=8<0=85 8 >1JOA=5=85; @0F8>=0;L=>5 8 8@@0F8>=0;L=>5 2 ?>7=020B5;L=>9 45OB5;L=>AB8; ?@>1;5<0 8AB8=K; 459AB28B5;L=>ABL, <KH;5=85, ;>38:0 8 O7K:; =0CG=>5 8 2=5=0CG=>5 7=0=85; :@8B5@88 =0CG=>AB8; AB@C:BC@0 =0CG=>3> ?>7=0=8O, 53> <5B>4K 8 D>@<K; @>AB =0CG=>3> 7=0=8O; =0CG=K5 @52>;NF88 8 A<5=K B8?>2 @0F8>=0;L=>AB8; =0C:0 8 B5E=8:0; 1C4CI55 G5;>25G5AB20; 3;>10;L=K5 ?@>1;5<K A>2@5<5==>AB8; 2708<>459AB285 F828;870F89 8 AF5=0@88 1C4CI53>.!-.$.11-:>=><8:0: 22545=85 2 M:>=><8G5A:CN B5>@8N; 1;030, ?>B@51=>AB8, @5AC@AK, M:>=><8G5A:89 2K1>@; M:>=><8G5A:85 >B=>H5=8O; M:>=><8G5A:85 A8AB5<K; >A=>2=K5 MB0?K @0728B8O M:>=><8G5A:>9 B5>@88; <5B>4K M:>=><8G5A:>9 B5>@88; <8:@>M:>=><8:0; @K=>:; A?@>A 8 ?@54;>65=85; ?>B@518B5;LA:85 ?@54?>GB5=8O 8 ?@545;L=0O ?>;57=>ABL; D0:B>@K A?@>A0; 8=48284C0;L=K9 8 @K=>G=K9 A?@>A; MDD5:B 4>E>40 8 MDD5:B 70<5I5=8O; M;0AB8G=>ABL; ?@54;>65=85 8 53> D0:B>@K; 70:>= C1K20NI59 ?@545;L=>9 ?@>872>48B5;L=>AB8; MDD5:B <0AHB010; 284K 8745@65:; D8@<0; 2K@CG:0 8 ?@81K;L; ?@8=F8? <0:A8<870F88 ?@81K;8; ?@54;>65=85 A>25@H5==> :>=:@5B=>9 D8@<K 8 >B@0A;8; MDD5:B82=>ABL :>=:C@5=B=KE @K=:>2; @K=>G=0O 2;0ABL; <>=>?>;8O; <>=>?>;8AB8G5A:0O :>=:C@5=F8O; >;83>?>;8O; 0=B8<>=>?>;L=>5 @53C;8@>20=85; A?@>A =0 D0:B>@K ?@>872>4AB20; @K=>: B@C40; A?@>A 8 ?@54;>65=85 B@C40; 70@01>B=0O ?;0B0 8 70=OB>ABL; @K=>: :0?8B0;0; ?@>F5=B=0O AB02:0 8 8=25AB8F88; @K=>: 75<;8; @5=B0; >1I55 @02=>25A85 8 1;03>A>AB>O=85; @0A?@545;5=85 4>E>4>2; =5@025=AB2>; 2=5H=85 MDD5:BK 8 >1I5AB25==K5 1;030; @>;L 3>AC40@AB20; <0:@>M:>=><8:0; =0F8>=0;L=0O M:>=><8:0 :0: F5;>5; :@C3>2>@>B 4>E>4>2 8 ?@>4C:B>2;  8 A?>A>1K 53> 87<5@5=8O; =0F8>=0;L=K9 4>E>4; @0A?>;0305<K9 ;8G=K9 4>E>4; 8=45:AK F5=; 157@01>B8F0 8 55 D>@<K; 8=D;OF8O 8 55 284K; M:>=><8G5A:85 F8:;K; <0:@>M:>=><8G5A:>5 @02=>25A85; A>2>:C?=K9 A?@>A 8 A>2>:C?=>5 ?@54;>65=85; AB018;870F8>==0O ?>;8B8:0; @02=>25A85 =0 B>20@=>< @K=:5; ?>B@51;5=85 8 A15@565=8O; 8=25AB8F88; 3>AC40@AB25==K5 @0AE>4K 8 =0;>38; MDD5:B <C;LB8?;8:0B>@0; 1N465B=>-=0;>3>20O ?>;8B8:0; 45=L38 8 8E DC=:F88; @02=>25A85 =0 45=56=>< @K=:5; 45=56=K9 <C;LB8?;8:0B>@; 10=:>2A:0O A8AB5<0; 45=56=>-:@548B=0O ?>;8B8:0; M:>=><8G5A:89 @>AB 8 @0728B85; <564C=0@>4=K5 M:>=><8G5A:85 >B=>H5=8O; 2=5H=OO B>@3>2;O 8 B>@3>20O ?>;8B8:0; ?;0B56=K9 10;0=A; 20;NB=K9 :C@A; >A>15==>AB8 ?5@5E>4=>9 M:>=><8:8 >AA88; ?@820B870F8O; D>@<K A>1AB25==>AB8; ?@54?@8=8<0B5;LAB2>; B5=520O M:>=><8:0; @K=>: B@C40; @0A?@545;5=85 8 4>E>4K; ?@5>1@07>20=8O 2 A>F80;L=>9 AD5@5; AB@C:BC@=K5 A42838 2 M:>=><8:5; D>@<8@>20=85 >B:@KB>9 M:>=><8:8.!-. .000F8>=0;L=>-@538>=0;L=K9 (2C7>2A:89) :><?>=5=B 270!-..008AF8?;8=K ?> 2K1>@C ABC45=B0, CAB0=02;8205<K5 2C7>< 2701I85 <0B5<0B8G5A:85 8 5AB5AB25==>-=0CG=K5 48AF8?;8=K 2000.$.00. $545@0;L=K9 :><?>=5=B 1800.$.01.0B5<0B8:0: 0=0;8B8G5A:0O 35><5B@8O 8 ;8=59=0O 0;351@0; ?>A;54>20B5;L=>AB8 8 @O4K; 48DD5@5=F80;L=>5 8 8=B53@0;L=>5 8AG8A;5=8O; 25:B>@=K9 0=0;87 8 M;5<5=BK B5>@88 ?>;O; 30@<>=8G5A:89 0=0;87; 48DD5@5=F80;L=K5 C@02=5=8O; G8A;5==K5 <5B>4K; DC=:F88 :><?;5:A=>3> ?5@5<5==>3>; M;5<5=BK DC=:F8>=0;L=>3> 0=0;870; 25@>OB=>ABL 8 AB0B8AB8:0: B5>@8O 25@>OB=>AB59, A;CG09=K5 ?@>F5AAK, AB0B8AB8G5A:>5 >F5=820=85 8 ?@>25@:0 38?>B57, AB0B8AB8G5A:85 <5B>4K >1@01>B:8 M:A?5@8<5=B0;L=KE 40==KE, 20@80F8>==>5 8AG8A;5=85 8 >?B8<0;L=>5 C?@02;5=85; C@02=5=8O <0B5<0B8G5A:>9 D878:8. 600.$.02.=D>@<0B8:0: ?>=OB85 8=D>@<0F88, >1I0O E0@0:B5@8AB8:0 ?@>F5AA>2 A1>@0, ?5@540G8, >1@01>B:8 8 =0:>?;5=8O 8=D>@<0F88; B5E=8G5A:85 8 ?@>3@0<<=K5 A@54AB20 @50;870F88 8=D>@<0F8>==KE ?@>F5AA>2; <>45;8 @5H5=8O DC=:F8>=0;L=KE 8 2KG8A;8B5;L=KE 7040G; 0;3>@8B<870F8O 8 ?@>3@0<<8@>20=85; O7K:8 ?@>3@0<<8@>20=8O 2KA>:>3> C@>2=O; 107K 40==KE; ?@>3@0<<=>5 >15A?5G5=85 8 B5E=>;>388 ?@>3@0<<8@>20=8O; ;>:0;L=K5 8 3;>10;L=K5 A5B8 -; >A=>2K 70I8BK 8=D>@<0F88 8 A2545=89, A>AB02;ONI8E 3>AC40@AB25==CN B09=C; <5B>4K 70I8BK 8=D>@<0F88; :><?LNB5@=K9 ?@0:B8:C<; 8=D>@<0F8>==K5 B5E=>;>388 2 >1;0AB8 ;53:>9 ?@><KH;5==>AB8. 200.$.03.$878:0: D878G5A:85 >A=>2K <5E0=8:8; :>;510=8O 8 2>;=K; <>;5:C;O@=0O D878:0 8 B5@<>48=0<8:0; M;5:B@8G5AB2> 8 <03=5B87<; >?B8:0; 0B><=0O 8 O45@=0O D878:0; D878G5A:89 ?@0:B8:C<. 400.$.04.%8<8O: E8<8G5A:85 A8AB5<K: @0AB2>@K, 48A?5@A=K5 A8AB5<K, M;5:B@>E8<8G5A:85 A8AB5<K, :0B0;870B>@K 8 :0B0;8B8G5A:85 A8AB5<K, ?>;8<5@K 8 >;83><5@K; E8<8G5A:0O B5@<>48=0<8:0 8 :8=5B8:0: M=5@35B8:0 E8<8G5A:8E ?@>F5AA>2, E8<8G5A:>5 8 D07>2>5 @02=>25A85, A:>@>ABL @50:F88 8 <5B>4K 55 @53C;8@>20=8O, :>;510B5;L=K5 @50:F88; @50:F8>==0O A?>A>1=>ABL 25I5AB2: E8<8O 8 ?5@8>48G5A:0O A8AB5<0 M;5<5=B>2, :8A;>B=>->A=>2=K5 8 >:8A;8B5;L=>-2>AAB0=>28B5;L=K5 A2>9AB20 25I5AB2, E8<8G5A:0O A2O7L, :><?;5<5=B0@=>ABL; E8<8G5A:0O 845=B8D8:0F8O: :0G5AB25==K9 8 :>;8G5AB25==K9 0=0;87, 0=0;8B8G5A:89 A83=0;, E8<8G5A:89, D878:>-E8<8G5A:89 8 D878G5A:89 0=0;87; M;5<5=BK >@30=8G5A:>9 E8<88 8 18>E8<8O; E8<8G5A:89 ?@0:B8:C<. 400.$.05.-:>;>38O: 18>AD5@0 8 G5;>25:: AB@C:BC@0 18>AD5@K, M:>A8AB5<K, 2708<>>B=>H5=8O >@30=87<0 8 A@54K, M:>;>38O 8 74>@>2L5 G5;>25:0; 3;>10;L=K5 ?@>1;5<K >:@C60NI59 A@54K, M:>;>38G5A:85 ?@8=F8?K @0F8>=0;L=>3> 8A?>;L7>20=8O ?@8@>4=KE @5AC@A>2 8 >E@0=K ?@8@>4K; >A=>2K M:>=><8:8 ?@8@>4>?>;L7>20=8O; M:>70I8B=0O B5E=8:0 8 B5E=>;>388; >A=>2K M:>;>38G5A:>3> ?@020, ?@>D5AA8>=0;L=0O >B25BAB25==>ABL; <564C=0@>4=>5 A>B@C4=8G5AB2> 2 >1;0AB8 >E@0=K >:@C60NI59 A@54K. 100.$.06.5B>4K 8 A@54AB20 8AA;54>20=89: 284K 8 MB0?K =0CG=KE 8AA;54>20=89; ?@8<5=5=85 G8A;>2KE 8 DC=:F8>=0;L=KE E0@0:B5@8AB8: A;CG09=KE 25;8G8= 4;O 0=0;870 B5E=>;>38G5A:8E ?@>F5AA>2; B>G5G=>5 8 8=B5@20;L=>5 >F5=820=85 ?0@0<5B@>2, ?;0=8@>20=85 >1J5<0 2K1>@:8; ?@8<5=5=85 >A=>2=KE AB0B8AB8G5A:8E :@8B5@852 4;O A@02=5=8O G8A;>2KE E0@0:B5@8AB8: ?@>4C:B0 8;8 B5E=>;>38G5A:>3> ?@>F5AA0; ?;0=8@>20=85 8 >1@01>B:0 0:B82=>3> >4=>-D0:B>@=>3> M:A?5@8<5=B0; ?;0=8@>20=85 M:A?5@8<5=B0 4;O ?>;CG5=8O ;8=59=KE <=>3>D0:B>@?>@O4:0;0=0;87 <0B5<0B8G5A:8E <>45;59 A 8A?>;L7>20=85< 0=0;8B8G5A:8E 8 G8A;5==KE <5B>4>2; ?@8<5=5=85 87<5@8B5;L=>9 B5E=8:8 4;O 8AA;54>20=8O <0B5@80;>2 8 B5E=>;>38G5A:8E ?@>F5AA>2. 100. .00.0F8>=0;L=>-@538>=0;L=K9 (2C7>2A:89) :><?>=5=B 150..00.8AF8?;8=K 8 :C@AK ?> 2K1>@C ABC45=B0,CAB0=02;8205<K5 2C7>< 501I5?@>D5AA8>=0;L=K5 48AF8?;8=K 1822.$.00.$545@0;L=K9 :><?>=5=B 1532.$.01. .$.01.01. .$.01.02.0G5@B0B5;L=0O 35><5B@8O. =65=5@=0O 3@0D8:0. 0G5@B0B5;L=0O 35><5B@8O: 22545=85; ?@54<5B =0G5@B0B5;L=>9 35><5B@88; 7040=85 B>G:8, ?@O<>9, ?;>A:>AB8 8 <=>3>3@0==8:>2 =0 :><?;5:A=>< G5@B565 >=60; ?>78F8>==K5 7040G8; <5B@8G5A:85 7040G8; A?>A>1K ?@5>1@07>20=8O G5@B560; <=>3>3@0==8:8; :@82K5 ;8=88; ?>25@E=>AB8; ?>25@E=>AB8 2@0I5=8O; ;8=59G0BK5 ?>25@E=>AB8; 28=B>2K5 ?>25@E=>AB8; F8:;8G5A:85 ?>25@E=>AB8; >1>1I5==K5 ?>78F8>==K5 7040G8; <5B@8G5A:85 7040G8; ?>AB@>5=85 @0725@B>: ?>25@E=>AB59; :0A0B5;L=K5 ;8=88 8 ?;>A:>AB8 : ?>25@E=>AB8; 0:A>=><5B@8G5A:85 ?@>5:F88. =65=5@=0O 3@0D8:0: :>=AB@C:B>@A:0O 4>:C<5=B0F8O; >D>@<;5=85 G5@B5659. M;5<5=BK 35><5B@88 45B0;59; 87>1@065=8O, =04?8A8, >1>7=0G5=8O; 0:A>=><5B@8G5A:85 ?@>5:F88 45B0;59; 87>1@065=8O 8 >1>7=0G5=8O M;5<5=B>2 45B0;59; 87>1@065=85 8 >1>7=0G5=85 @57L1K; @01>G85 G5@B568 45B0;59; 2K?>;=5=85 MA:87>2 45B0;59 <0H8=; 87>1@065=8O A1>@>G=KE 548=8F; A1>@>G=K9 G5@B56 8745;89. 200.$.02. .$.02.01.5E0=8:0. "5>@5B8G5A:0O <5E0=8:0: :8=5<0B8:0; ?@54<5B :8=5<0B8:8; 25:B>@=K9 A?>A>1 7040=8O 42865=8O B>G:8; 5AB5AB25==K9 A?>A>1 7040=8O 42865=8O B>G:8; ?>=OB85 >1 01A>;NB=> B25@4>< B5;5. 2@0I5=85 B25@4>3> B5;0 2>:@C3 =5?>4286=>9 >A8; ?;>A:>5 42865=85 B25@4>3> B5;0 8 42865=85 ?;>A:>9 D83C@K 2 55 ?;>A:>AB8; 42865=85 B25@4>3> B5;0 2>:@C3 =5?>4286=>9 B>G:8 8;8 AD5@8G5A:>5 42865=85; >1I89 A;CG09 42865=8O A2>1>4=>3> B25@4>3> B5;0; 01A>;NB=>5 8 >B=>A8B5;L=>5 42865=85 B>G:8; A;>6=>5 42865=85 B25@4>3> B5;0; 48=0<8:0 8 M;5<5=BK AB0B8:8; ?@54<5B 48=0<8:8 8 AB0B8:8; 70:>=K <5E0=8:8 0;8;5O-LNB>=0; 7040G8 48=0<8:8; A2>1>4=K5 ?@O<>;8=59=K5 :>;510=8O <0B5@80;L=>9 B>G:8; >B=>A8B5;L=>5 42865=85 <0B5@80;L=>9 B>G:8; <5E0=8G5A:0O A8AB5<0; <0AA0 A8AB5<K; 48DD5@5=F80;L=K5 C@02=5=8O 42865=8O <5E0=8G5A:>9 A8AB5<K; :>;8G5AB2> 42865=8O <0B5@80;L=>9 B>G:8 8 <5E0=8G5A:>9 A8AB5<K; <><5=B :>;8G5AB20 42865=8O <0B5@80;L=>9 B>G:8 >B=>A8B5;L=> F5=B@0 8 >A8; :8=5B8G5A:0O M=5@38O <0B5@80;L=>9 B>G:8 8 <5E0=8G5A:>9 A8AB5<K; ?>=OB85 > A8;>2>< ?>;5; A8AB5<0 A8;; 0=0;8B8G5A:85 CA;>28O @02=>25A8O ?@>872>;L=>9 A8AB5<K A8;; F5=B@ BO65AB8 B25@4>3> B5;0 8 53> :>>@48=0BK; ?@8=F8? 0;0<15@0 4;O <0B5@80;L=>9 B>G:8; 48DD5@5=F80;L=K5 C@02=5=8O ?>ABC?0B5;L=>3> 42865=8O B25@4>3> B5;0; >?@545;5=85 48=0<8G5A:8E @50:F89 ?>4H8?=8:>2 ?@8 2@0I5=88 B25@4>3> B5;0 2>:@C3 =5?>4286=>9 >A8; 42865=85 B25@4>3> B5;0 2>:@C3 =5?>4286=>9 B>G:8; M;5<5=B0@=0O B5>@8O 38@>A:>?0; A2O78 8 8E C@02=5=8O; ?@8=F8? 2>7<>6=KE ?5@5<5I5=89; >1>1I5==K5 :>>@48=0BK A8AB5<K; 48DD5@5=F80;L=K5 C@02=5=8O 42865=8O <5E0=8G5A:>9 A8AB5<K 2 >1>1I5==KE :>>@48=0B0E 8;8 C@02=5=8O 03@0=60 2B>@>3> @>40; ?@8=F8? 0<8;LB>=0-AB@>3@04A:>3>; ?>=OB85 >1 CAB>9G82>AB8 @02=>25A8O; <0;K5 A2>1>4=K5 :>;510=8O <5E0=8G5A:>9 A8AB5<K A 42C<O (8;8 n) AB5?5=O<8 A2>1>4K 8 8E A2>9AB20, A>1AB25==K5 G0AB>BK 8 :>MDD8F85=BK D>@<K; O2;5=85 C40@0; B5>@5<0 >1 87<5=5=88 :8=5B8G5A:>3> <><5=B0 <5E0=8G5A:>9 A8AB5<K ?@8 C40@5.476 102.$.02.02."5>@8O <5E0=87<>2 8 <0H8=: >A=>2=K5 ?>=OB8O B5>@88 <5E0=87<>2 8 <0H8=; >A=>2=K5 284K <5E0=87<>2; AB@C:BC@=K9 0=0;87 8 A8=B57 <5E0=87<>2; :8=5<0B8G5A:89 0=0;87 8 A8=B57 <5E0=87<>2; :8=5B>AB0B8G5A:89 0=0;87 <5E0=87<>2; 48=0<8G5A:89 0=0;87 8 A8=B57 <5E0=87<>2; :>;510=8O 2 <5E0=87<0E. ;8=59=K5 C@02=5=8O 2 <5E0=87<0E; =5;8=59=K5 C@02=5=8O 42865=8O 2 <5E0=87<0E; :>;510=8O 2 @KG06=KE 8 :C;0G:>2KE <5E0=87<0E; 281@0F8>==K5 B@0=A?>@B5@K; 281@0F8O; 48=0<8G5A:>5 30H5=85 :>;510=89; 48=0<8:0 ?@82>4>2; M;5:B@>?@82>4 <5E0=87<>2. 84@>?@82>4 <5E0=87<>2; ?=52<>?@82>4 <5E0=87<>2; 2K1>@ B8?0 ?@82>4>2; A8=B57 @KG06=KE <5E0=87<>2; <5B>4K >?B8<870F88 2 A8=B575 <5E0=87<>2 A ?@8<5=5=85< -; A8=B57 <5E0=87<>2 ?> <5B>4C ?@81;865=8O DC=:F89; A8=B57 ?5@540B>G=KE <5E0=87<>2; A8=B57 ?> ?>;>65=8O< 725=L52; A8=B57 =0?@02;ONI8E <5E0=87<>2. 51.$.02.03.!>?@>B82;5=85 <0B5@80;>2: >A=>2=K5 ?>=OB8O; <5B>4 A5G5=89; F5=B@0;L=>5 @0ABO65=85  A60B85; A4283; 35><5B@8G5A:85 E0@0:B5@8AB8:8 A5G5=89; ?@O<>9 ?>?5@5G=K9 87381; :@CG5=85; :>A>9 87381, 2=5F5=B@5==>5 @0ABO65=85  A60B85; M;5<5=BK @0F8>=0;L=>3> ?@>5:B8@>20=8O ?@>AB59H8E A8AB5<; @0AG5B AB0B8G5A:8 >?@545;8<KE AB5@6=52KE A8AB5<; <5B>4 A8;, @0AG5B AB0B8G5A:8 =5>?@545;8<KE AB5@6=52KE A8AB5<; 0=0;87 =0?@O65==>3> 8 45D>@<8@>20==>3> A>AB>O=8O 2 B>G:5 B5;0; A;>6=>5 A>?@>B82;5=85, @0AG5B ?> B5>@8O< ?@>G=>AB8; @0AG5B 157<><5=B=KE >1>;>G5: 2@0I5=8O; CAB>9G82>ABL AB5@6=59; ?@>4>;L=>-?>?5@5G=K9 87381; @0AG5B 4286CI8EAO A CA:>@5=85< M;5<5=B>2 :>=AB@C:F89; C40@; CAB0;>ABL; @0AG5B ?> =5ACI59 A?>A>1=>AB8.  102.$.02.04.5B0;8 <0H8= 8 >A=>2K :>=AB@C8@>20=8O: :;0AA8D8:0F8O <5E0=87<>2, C7;>2 8 45B0;59; >A=>2K ?@>5:B8@>20=8O <5E0=87<>2, AB0488 @07@01>B:8; B@51>20=8O : 45B0;O<, :@8B5@88 @01>B>A?>A>1=>AB8 8 2;8ONI85 =0 =8E D0:B>@K; <5E0=8G5A:85 ?5@540G8: 7C1G0BK5, G5@2OG=K5, ?;0=5B0@=K5, 2>;=>2K5, @KG06=K5, D@8:F8>==K5, @5<5==K5, F5?=K5, ?5@540G8 28=B-309:0; @0AG5BK ?5@540G =0 ?@>G=>ABL; 20;K 8 >A8, :>=AB@C:F8O 8 @0AG5BK =0 ?@>G=>ABL 8 65AB:>ABL; ?>4H8?=8:8 :0G5=8O 8 A:>;L65=8O, 2K1>@ 8 @0AG5BK =0 ?@>G=>ABL; C?;>B=8B5;L=K5 CAB@>9AB20; :>=AB@C:F88 ?>4H8?=8:>2KE C7;>2; A>548=5=8O 45B0;59: @57L1>2K5, 70:;5?>G=K5, A20@=K5, ?0O=K5, :;552K5, A =0BO3><, H?>=>G=K5, 7C1G0BK5, HB8DB>2K5, :;5<<>2K5, ?@>D8;L=K5; :>=AB@C:F8O 8 @0AG5BK A>548=5=89 =0 ?@>G=>ABL; C?@C385 M;5<5=BK; <CDBK <5E0=8G5A:8E ?@82>4>2; :>@?CA=K5 45B0;8 <5E0=87<>2. 153.$.02.05."5?;>B5E=8:0: ?@54<5B B5?;>B5E=8:8; A2O7L A 4@C38<8 >B@0A;O<8 7=0=89; >A=>2=K5 ?>=OB8O 8 >?@545;5=8O; B5@<>48=0<8:0: A<5A8 @01>G8E B5;, B5?;>5<:>ABL, 70:>=K B5@<>48=0<8:8, B5@<>48=0<8G5A:85 ?@>F5AAK 8 F8:;K, @50;L=K5 307K 8 ?0@K, B5@<>48=0<8:0 ?>B>:>2, B5@<>48=0<8G5A:89 0=0;87 B5?;>B5E=8G5A:8E CAB@>9AB2, D07>2K5 ?5@5E>4K, E8<8G5A:0O B5@<>48=0<8:0; B5>@8O B5?;>>1<5=0: B5?;>?@>2>4=>ABL, :>=25:F8O, 87;CG5=85, B5?;>?5@540G0, 8=B5=A8D8:0F8O B5?;>>1<5=0; >A=>2K <0AA>>1<5=0; B5?;><0AA>>1<5==K5 CAB@>9AB20; B>?;82> 8 >A=>2K 3>@5=8O; B5?;>35=5@8@CNI85 CAB@>9AB20, E>;>48;L=0O 8 :@8>35==0O B5E=8:0; ?@8<5=5=85 B5?;>BK 2 >B@0A;8; >E@0=0 >:@C60NI59 A@54K; >A=>2K M=5@3>A15@565=8O. 2B>@8G=K5 M=5@35B8G5A:85 @5AC@AK; >A=>2=K5 =0?@02;5=8O M:>=><88 M=5@3>@5AC@A>2. 68.$.03. .$.03.01.0B5@80;>2545=85. "5E=>;>38O :>=AB@C:F8>==KE <0B5@80;>2. 0B5@80;>2545=85 2 ?@>872>4AB25 8745;89 ;53:>9 ?@><KH;5==>AB8: ?>;8<5@=K5 25I5AB20, >1@07CNI85 B5:AB8;L=K5 2>;>:=0, ?;5=:8, :>68, 8E AB@>5=85 8 A2>9AB20;0<>@D=>5 8 :@8AB0;8G5A:>5 A>AB>O=85 ?>;8<5@>2,8E <>;5:C;O@=0O 8 =04<>;5:C;O@=0O AB@C:BC@0; B5:AB8;L=K5 2>;>:=0 8 =8B8, 8E ?>;CG5=85 8 AB@>5=85; AB@>5=85 8 ?>;CG5=85 B:0=59, B@8:>B06=KE 8 =5B:0==KE ?>;>B5=; A>AB02 8 AB@>5=85 :>6525==KE,<5E>2KE, ?;5=>G=KE <0B5@80;>2; >A=>2=K5 E0@0:B5@8AB8:8 AB@C:BC@K <0B5@80;>2, ?@81>@K 8 <5B>4K 8E >?@545;5=8O; 35><5B@8G5A:85 A2>9AB20 <0B5@80;>2; <5E0=8G5A:85 A2>9AB20 ?@8 @0ABO65=88, 873815 8 A60B88 <0B5@80;>2; A>2@5<5==K5 B5>@88 ?@>G=>AB8 B25@4KE B5;; @5;0:A0F8>==K5 ?@>F5AAK 2 <0B5@80;0E; D@8:F8>==K5, M;5:B@8G5A:85, >?B8G5A:85, B5?;>2K5 A2>9AB20 <0B5@80;>2; A>@1F8>==K5 A2>9AB20 8 ?@>=8F05<>ABL <0B5@80;>2; 87=>A 8 87=>A>AB>9:>ABL <0B5@80;>2; >A=>2=K5 E0@0:B5@8AB8:8 A2>9AB2 <0B5@80;>2, ?@81>@K 8 <5B>4K 8E >?@545;5=8O; >?@545;5=85 A>@B=>AB8 <0B5@80;>2 ?> AB0=40@B0<. 246 196.$.03.02."5E=>;>38O :>=AB@C:F8>==KE <0B5@80;>2: 22545=85; B5>@5B8G5A:85 8 B5E=>;>38G5A:85 >A=>2K ?@>872>4AB20 <0B5@80;>2; <0B5@80;K, ?@8<5=O5<K5 2 <0H8=>AB@>5=88 8 ?@81>@>AB@>5=88; >A=>2=K5 <5B>4K ?>;CG5=8O B25@4KE B5;; >A=>2K <5B0;;C@38G5A:>3> ?@>872>4AB20; >A=>2K ?>@>H:>2>9 <5B0;;C@388; =0?K;5=85 <0B5@80;>2; B5>@8O 8 ?@0:B8:0 D>@<>>1@07>20=8O 703>B>2>:; :;0AA8D8:0F8O A?>A>1>2 ?>;CG5=8O 703>B>2>:; ?@>872>4AB2> 703>B>2>: A?>A>1>< ;8BLO; ?@>872>4AB2> 703>B>2>: ?;0AB8G5A:8< 45D>@<8@>20=85<; ?@>872>4AB2> =5@07J5<=KE A>548=5=89; A20@>G=>5 ?@>872>4AB2>; D878:>-E8<8G5A:85 >A=>2K ?>;CG5=8O A20@>G=>3> A>548=5=8O; ?09:0 <0B5@80;>2; ?>;CG5=85 =5@07J5<=KE A>548=5=89 A:;5820=85<; 873>B>2;5=85 ?>;CD01@8:0B>2 8 45B0;59 87 :><?>78F8>==KE <0B5@80;>2; D878:>B5E=>;>38G5A:85 >A=>2K ?>;CG5=8O :><?>78F8>==KE <0B5@80;>2; 873>B>2;5=85 8745;89 87 <5B0;;8G5A:8E :><?>78F8>==KE <0B5@80;>2; >A>15==>AB8 ?>;CG5=8O 45B0;59 87 :><?>78F8>==KE ?>@>H:>2KE <0B5@80;>2; 873>B>2;5=85 ?>;CD01@8:0B>2 8 8745;89 87 M2B5:B8G5A:8E :><?>78F8>==KE <0B5@80;>2; 873>B>2;5=85 45B0;59 87 ?>;8<5@=KE :><?>78F8>==KE <0B5@80;>2; 873>B>2;5=85 @578=>2KE 45B0;59 8 ?>;CD01@8:0B>2; D>@<>>1@07>20=85 ?>25@E=>AB59 45B0;59 @570=85<, M;5:B@>D878G5A:8<8 8 M;5:B@>E8<8G5A:8<8 A?>A>10<8 >1@01>B:8; :8=5<0B8G5A:85 8 35><5B@8G5A:85 ?0@0<5B@K ?@>F5AA0 @570=8O; D878:>-E8<8G5A:85 >A=>2K @570=8O; >1@01>B:0 ;57289=K< 8=AB@C<5=B><; >1@01>B:0 ?>25@E=>AB59 45B0;59 01@0782=K< 8=AB@C<5=B><; CA;>285 =5?@5@K2=>AB8 8 A0<>70B0G8205<>AB8; M;5:B@>D878G5A:85 8 M;5:B@>E8<8G5A:85 <5B>4K >1@01>B:8 ?>25@E=>AB59 703>B>2>:; 2K1>@ A?>A>10 >1@01>B:8. 50.$.04.-;5:B@>B5E=8:0 8 M;5:B@>=8:0: 22545=85; M;5:B@8G5A:85 8 <03=8B=K5 F5?8; >A=>2=K5 >?@545;5=8O, B>?>;>38G5A:85 ?0@0<5B@K 8 <5B>4K @0AG5B0 M;5:B@8G5A:8E F5?59; 0=0;87 8 @0AG5B ;8=59=KE F5?59 ?5@5<5==>3> B>:0; 0=0;87 8 @0AG5B M;5:B@8G5A:8E F5?59 A =5;8=59=K<8 M;5<5=B0<8; 0=0;87 8 @0AG5B <03=8B=KE F5?59; M;5:B@><03=8B=K5 CAB@>9AB20 8 M;5:B@8G5A:85 <0H8=K; ;5:B@><03=8B=K5 CAB@>9AB20; B@0=AD>@<0B>@K; <0H8=K ?>AB>O==>3> B>:0 ("); 0A8=E@>==K5 <0H8=K; A8=E@>==K5 <0H8=K; >A=>2K M;5:B@>=8:8 8 M;5:B@8G5A:85 87<5@5=8O; M;5<5=B=0O 1070 A>2@5<5==KE M;5:B@>==KE CAB@>9AB2; 8AB>G=8:8 2B>@8G=>3> M;5:B@>?8B0=8O; CA8;8B5;8 M;5:B@8G5A:8E A83=0;>2; 8<?C;LA=K5 8 02B>35=5@0B>@=K5 CAB@>9AB20; >A=>2K F8D@>2>9 M;5:B@>=8:8; <8:@>?@>F5AA>@=K5 A@54AB20; M;5:B@8G5A:85 87<5@5=8O 8 ?@81>@K. 102.$.05.5B@>;>38O, AB0=40@B870F8O 8 A5@B8D8:0F8O: B5>@5B8G5A:85 >A=>2K <5B@>;>388; >A=>2=K5 ?>=OB8O, A2O70==K5 A >1J5:B0<8 87<5@5=8O: A2>9AB2>, 25;8G8=0, :>;8G5AB25==K5 8 :0G5AB25==K5 ?@>O2;5=8O A2>9AB2 >1J5:B>2 <0B5@80;L=>3> <8@0; >A=>2=K5 ?>=OB8O, A2O70==K5 A> A@54AB20<8 87<5@5=89 (!); 70:>=><5@=>AB8 D>@<8@>20=8O @57C;LB0B0 87<5@5=8O, ?>=OB85 ?>3@5H=>AB8, 8AB>G=8:8 ?>3@5H=>AB59; ?>=OB85 <=>3>:@0B=>3> 87<5@5=8O; 0;3>@8B<K >1@01>B:8 <=>3>:@0B=KE 87<5@5=89; ?>=OB85 <5B@>;>38G5A:>3> >15A?5G5=8O; >@30=870F8>==K5, =0CG=K5 8 <5B>48G5A:85 >A=>2K <5B@>;>38G5A:>3> >15A?5G5=8O; ?@02>2K5 >A=>2K >15A?5G5=8O 548=AB20 87<5@5=89; >A=>2=K5 ?>;>65=8O 70:>=0 $ >1 >15A?5G5=88 548=AB20 87<5@5=89; AB@C:BC@0 8 DC=:F88 <5B@>;>38G5A:>9 A;C61K ?@54?@8OB8O, >@30=870F88, CG@5645=8O, O2;ONI8EAO N@848G5A:8<8 ;8F0<8; 8AB>@8G5A:85 >A=>2K @0728B8O AB0=40@B870F88 8 A5@B8D8:0F88; A5@B8D8:0F8O, 55 @>;L 2 ?>2KH5=88 :0G5AB20 ?@>4C:F88 8 @0728B85 =0 <564C=0@>4=><, @538>=0;L=>< 8 =0F8>=0;L=>< C@>2=OE; ?@02>2K5 >A=>2K AB0=40@B870F88; <564C=0@>4=0O >@30=870F8O ?> AB0=40@B870F88 (!); >A=>2=K5 ?>;>65=8O 3>AC40@AB25==>9 A8AB5<K AB0=40@B870F88 !!; =0CG=0O 1070 AB0=40@B870F88; >?@545;5=85 >?B8<0;L=>3> C@>2=O C=8D8:0F88 8 AB0=40@B870F88; 3>AC40@AB25==K9 :>=B@>;L 8 =047>@ 70 A>1;N45=85< B@51>20=89 3>AC40@AB25==KE AB0=40@B>2; >A=>2=K5 F5;8 8 >1J5:BK A5@B8D8:0F88; B5@<8=K 8 >?@545;5=8O 2 >1;0AB8 A5@B8D8:0F88; :0G5AB2> ?@>4C:F88 8 70I8B0 ?>B@518B5;O; AE5<K 8 A8AB5<K A5@B8D8:0F88; CA;>28O >ACI5AB2;5=8O A5@B8D8:0F88; >1O70B5;L=0O 8 4>1@>2>;L=0O A5@B8D8:0F8O; ?@028;0 8 ?>@O4>: ?@>2545=8O A5@B8D8:0F88; >@30=K ?> A5@B8D8:0F88 8 8A?KB0B5;L=K5 ;01>@0B>@88; 0::@548B0F8O >@30=>2 ?> A5@B8D8:0F88 8 8A?KB0B5;L=KE (87<5@8B5;L=KE) ;01>@0B>@89; A5@B8D8:0F8O CA;C3. A5@B8D8:0F8O A8AB5< :0G5AB20. 68.$.06.57>?0A=>ABL 687=545OB5;L=>AB8: G5;>25: 8 A@540 >18B0=8O; E0@0:B5@=K5 A>AB>O=8O A8AB5<K  G5;>25: - A@540 >18B0=8O ; >A=>2K D878>;>388 B@C40 8 :><D>@B=K5 CA;>28O 687=545OB5;L=>AB8 2 B5E=>AD5@5; :@8B5@88 :><D>@B=>AB8; 530B82=K5 D0:B>@K B5E=>AD5@K, 8E 2>7459AB285 =0 G5;>25:0, B5E=>AD5@C 8 ?@8@>4=CN A@54C; :@8B5@88 157>?0A=>AB8; >?0A=>AB8 B5E=8G5A:8E A8AB5<: >B:07, 25@>OB=>ABL >B:070, :0G5AB25==K9 8 :>;8G5AB25==K9 0=0;87 >?0A=>AB59; A@54AB20 A=865=8O B@02<>>?0A=>AB8 8 2@54=>3> 2>7459AB28O B5E=8G5A:8E A8AB5<; 157>?0A=>ABL DC=:F8>=8@>20=8O 02B><0B878@>20==KE 8 @>1>B878@>20==KE ?@>872>4AB2; 157>?0A=>ABL 2 G@572KG09=KE A8BC0F8OE; C?@02;5=85 157>?0A=>ABLN 687=545OB5;L=>AB8; ?@02>2K5 8 =>@<0B82=>-B5E=8G5A:85 >A=>2K C?@02;5=8O; A8AB5<K :>=B@>;O B@51>20=89 157>?0A=>AB8 8 M:>;>38G=>AB8; ?@>D5AA8>=0;L=K9 >B1>@ >?5@0B>@>2 B5E=8G5A:8E A8AB5<; M:>=><8G5A:85 ?>A;54AB28O 8 <0B5@80;L=K5 70B@0BK =0 >15A?5G5=85 157>?0A=>AB8 687=545OB5;L=>AB8; <564C=0@>4=>5 A>B@C4=8G5AB2> 2 >1;0AB8 157>?0A=>AB8 687=545OB5;L=>AB8. @8<5G0=85: >?@>AK 157>?0A=>AB8 687=545OB5;L=>AB8, 8=65=5@=0O 70I8B0 >:@C60NI59 A@54K 4>;6=K 87CG0BLAO 2 A?5F80;L=KE 48AF8?;8=0E, 2> 2@5<O ?@>E>645=8O ?@0:B8:8, ?@8 2K?>;=5=88 48?;><=KE ?@>5:B>2 (@01>B).  120.$.07. .$.07.01.-:>=><8:0 ?@><KH;5==>AB8. A=>2K M:>=><8G5A:>9 45OB5;L=>AB8 ?@54?@8OB89: M:>=><8G5A:85 >A=>2K ?@>872>4AB20 8 @5AC@AK ?@54?@8OB89: >A=>2=K5 D>=4K, >1>@>B=K5 A@54AB20,?5@A>=0;, >?;0B0 B@C40 ?;0=8@>20=85 70B@0B, D8=0=A8@>20=85 8==>20F8>==>9 45OB5;L=>AB8, B5E=8:>-M:>=><8G5A:89 0=0;87 8=65=5@=KE @5H5=89, >?B8<870F8O, <>45;8@>20=85; :><<5@G5A:0O 45OB5;L=>ABL ?@54?@8OB89: N@848G5A:85 >A=>2K, D8=0=A>2K5 >B=>H5=8O, =0;>3>>1;>65=85, 2=5H=5M:>=><8G5A:0O 45OB5;L=>ABL; CG5B 8 0=0;87 E>7O9AB25==>9 45OB5;L=>AB8. 220 100.$.07.02.A=>2K <5=546<5=B0 : @0728B85 B5>@88 8 ?@0:B8:8 C?@02;5=8O; :;0AA8G5A:0O 8 =0CG=0O H:>;0 2 C?@02;5=88; DC=:F88 C?@02;5=8O; ?@8=F8?K <5=546<5=B0; <5B>4K C?@02;5=8O: M:>=><8G5A:85, >@30=870F8>==>-@0A?>@O48B5;L=K5, A>F80;L=>-?A8E>;>38G5A:85; B8?K ?@54?@8=8<0B5;LA:8E D8@<; A>F80;L=>-?A8E>;>38G5A:85 >A=>2K <5=546<5=B0: AB8;L @C:>2>4AB20, C?@02;5=85 :04@0<8, 45OB5;L=>ABLN :>;;5:B820; >@30=870F8>==0O AB@C:BC@0 <5=546<5=B0 2 >@30=870F88, =0 ?@54?@8OB88; B5E=>;>38O @07@01>B:8 8 ?@8=OB8O C?@02;5=G5A:8E @5H5=89; 8=D>@<0F8>==0O 1070 <5=546<5=B0. 60.$.07.03.0@:5B8=3: <5B>4K 87CG5=8O A?@>A0, C?@02;5=8O 42865=85< B>20@0, 70:C?:0<8 8 A1KB>< ?@>4C:F88, 8=D>@<0F8>==0O 1070 8 ?;0=8@>20=85 <0@:5B8=30;<5B>4K <0@:5B8=3>2KE 8AA;54>20=89, >@30=870F8O A;C61K <0@:5B8=30 =0 ?@54?@8OB88; @07@01>B:0 ?@>3@0<<K <0@:5B8=30; <564C=0@>4=K9 <0@:5B8=3 2 M:A?>@B=>9 45OB5;L=>AB8; D>@<K 8 <5B>4K <564C=0@>4=>9 B>@3>2;8; D>@<K CG0AB8O ?@54?@8OB8O 2> 2=5H=5M:>=><8G5A:>9 45OB5;L=>AB8. 60.$.08.>45;8@>20=85 8 >?B8<870F8O B5E=>;>38G5A:8E ?@>F5AA>2: <>45;8@>20=85 ?@>F5AA>2 8 >1J5:B>2 2 ?@>872>4AB25 8745;89 ;53:>9 ?@><KH;5==>AB8, =5>1E>48<>ABL 8E A8AB5<=>3> 8AA;54>20=8O 8 A>25@H5=AB2>20=8O A?>A>1>2 <>45;8@>20=8O; E0@0:B5@8AB8:0 >1J5:B>2 <>45;8@>20=8O; A?>A>1K 7040=8O 8AE>4=>9 8=D>@<0F88 4;O <>45;8@>20=8O B5E=>;>38G5A:8E ?@>F5AA>2; <>45;8@>20=85 2=5H=59 AB@C:BC@K ?@>F5AA0 873>B>2;5=8O 8745;89 ;53:>9 ?@><KH;5==>AB8, :>=AB@C:B82=KE 8 B5E=>;>38G5A:8E @5H5=89 8 B5E=>;>38G5A:8E >?5@0F89; <5B>4K >?B8<870F88 B5E=>;>38G5A:8E ?@>F5AA>2 ?@>872>4AB20, :@8B5@88 >?B8<870F88 8 8E 2K1>@ ?@8 @5H5=88 @07;8G=KE 7040G <>45;8@>20=8O B5E=>;>38G5A:8E ?@>F5AA>2. 100. .00.0F8>=0;L=>-@538>=0;L=K9 (2C7>2A:89) :><?>=5=B 190..00.8AF8?;8=K 8 :C@AK ?> 2K1>@C ABC45=B0, CAB0=02;8205<K5 2C7>< 100 !. 00.!?5F80;L=K5 48AF8?;8=K , 2:;NG0O 48AF8?;8=K A?5F80;870F88 2206 !.01. 280800 "5E=>;>38O H259=KE 8745;89 !.01. 8AC=>:: >A=>2K 87>1@078B5;L=>9 3@0<>BK, ?@0:B8G5A:85 =02K:8 2 @8A>20=88 >1J5<=KE 35><5B@8G5A:8E B5;,?@54<5B>2 1KB0 8 3@C??K ?@54<5B>2 =0 ?;>A:>AB8(1C<035), 38?A>2>9 D83C@K G5;>25:0 8 682>9 <>45;8; 2K?>;=5=85 :@0B:>2@5<5==KE 70@8A>2>: 8 =01@>A:>2 D83C@K; 2K?>;=5=85 3@0D8G5A:8E @8AC=:>2 @07;8G=>9 B@0:B>2:8: ;8=59=>5, ?OB=>2>5, 0E@><0B8G5A:>5, E@><0B8G5A:>5, >@=0<5=B0;L=>-45:>@0B82=>5 @5H5=85.  80 !.02. A=>2K :><?>78F88: 3@0D8:0 MA:870, ?;0AB8:0 D>@<, A2>9AB20 8 A@54AB20 :><?>78F88-A8<<5B@8O, 0A8<<5B@8O,B>645AB2>, =N0=A, :>=B@0AB, :><?>78F8>==K9 F5=B@,<0AHB01=>ABL, ?@>?>@F88, @8B<; F25B, A2>9AB20 8 30@<>=8O F25B0 2 :><?>78F88. 50!.03. 0B5@80;K 4;O >4564K 8 :>=D5:F8>=8@>20=85: A8AB5<0B8:0 H259=KE 8745;89 8 <0B5@80;>2, ?@8<5=ONI8EAO 4;O 873>B>2;5=8O >4564K; >A=>2=K5 284K <0B5@80;>2 4;O @07;8G=KE 284>2 >4564K 8 8E E0@0:B5@8AB8:0; <5B>4K >?@545;5=8O 8 >F5=:0 :0G5AB20 <0B5@80;>2 4;O >4564K, A8AB5<K C?@02;5=8O :0G5AB2>< <0B5@80;>2 8 8745;89; 87<5=5=85 A2>9AB2 <0B5@80;>2 ?>4 2>7459AB285< B5E=>;>38G5A:8E 8 M:A?;C0B0F8>==KE D0:B>@>2; D>@<>>1@07>20=85 8 D>@<>CAB>9G82>ABL <0B5@80;>2 8 ?0:5B>2 >4564K; =0456=>ABL 8 A>E@0=O5<>ABL <0B5@80;>2 2 >45645; >A=>2=K5 ?@8=F8?K 8 <5B>4K 2K1>@0 >?B8<0;L=KE <0B5@80;>2 4;O >4564K. 96!.04. "5E=>;>38O H259=KE 8745;89: ?>43>B>2:0 8 @0A:@>9 <0B5@0;>2; >1I0O AE5<0 8 >A=>2=K5 MB0?K B5E=>;>38G5A:>3> ?@>F5AA0 ?>43>B>28B5;L=>- @0A:@>9=>3> ?@>872>4AB20; @0AG5B @0A:;04>: =0AB8;>2, @0A:;04:0 ;5:0;, =>@<8@>20=85 @0AE>40 8 @0F8>=0;L=>5 8A?>;L7>20=85 <0B5@80;>2; ?>43>B>2:0 <0B5@0;>2 : @0A:@>N 8 8E @0A:@>9; >A=>2K B5E=>;>388 ?>43>B>2;5=8O >4564K 284K A>548=5=89 ?@8 873>B>2;5=88 >4564K; E0@0:B5@8AB8:0 @01>G8E 8=AB@C<5=B>2 H259=KE <0H8=, ?@>F5AAK >1@07>20=8O <0H8==KE AB56:>2 8 AB@>G5:; B5E=>;>38G5A:0O E0@0:B5@8AB8:0 8 ?@8<5=5=85 >1>@C4>20=8O 4;O 873>B>2;5=8O >4564K; :;552K5 8 A20@=K5 A>548=5=8O 45B0;59 >4564K; 2;06=>-B5?;>20O >1@01>B:0 H259=KE 8745;89; ?@>F5AAK 873>B>2;5=8O H259=KE 8745;89, <5B>4K >1@01>B:8 8 A1>@:8 C7;>2 8 45B0;59 >4564K @07;8G=KE 284>2, :><?;5:A=0O 8E <5E0=870F8O 8 02B><0B870F8O; >A>15==>AB8 ?@>F5AA>2 873>B>2;5=8O 8745;89 87 B@8:>B060 8 <5E0.400 !.05. >=AB@C8@>20=85 >4564K: B@51>20=8O : >45645, @07<5@=0O B8?>;>38O 8 @07<5@=K5 AB0=40@BK =0A5;5=8O; E0@0:B5@8AB8:0 @07<5@>2, D>@<K 8 :>=AB@C:F88 >4564K, <0=5:5=K 4;O >4564K; <5B>4K :>=AB@C8@>20=8O >4564K, 8E :;0AA8D8:0F8O; :>=AB@C8@>20=85 107>2KE >A=>2 >4564K, ?@54?>AK;:8 02B><0B878@>20==>3> ?@>5:B8@>20=8O @0725@B>: 45B0;59 107>2KE >A=>2 >4564K A 8A?>;L7>20=85< -; <5B>4K :>=AB@C8@>20=8O 45B0;59 >4564K 2 G51KH52A:>9 A5B8, 0=0;8B8G5A:85 <5B>4K @0AG5B0 @0725@B>: >1J5<=KE 8 ?;>A:8E >1>;>G5:; <5B>4K 2K?>;=5=8O ?@>5:B=KE @01>B ?@8 A>740=88 =>2KE <>45;59 >4564K; ?@><KH;5==>5 ?@>5:B8@>20=85 =>2KE <>45;59 >4564K A 8A?>;L7>20=85< 107>2KE >A=>2; B8?>2>5 ?@>5:B8@>20=85 >4564K, :>=AB@C:B>@A:0O 8 B5E=>;>38G5A:0O ?>43>B>2:0 : ?@>872>4AB2C =>2KE <>45;59 >4564K; >A=>2K ?>AB@>5=8O A8AB5< 02B><0B878@>20==>3> ?>5:B8@>20=8O H259=KE 8745;89; ?@8=F8?K, ?@54?>AK;:8, <0B5<0B8G5A:>5 8 8=D>@<0F8>==>5 >15A?5G5=85 ! . 250 !.06. %8<870F8O B5E=>;>38G5A:8E ?@>F5AA>2 H259=KE ?@54?@8OB89: =0?@02;5=8O E8<870F88 ?@>F5AA>2 H259=>3> ?@>872>4AB20; E8<8G5A:85 ?@>4C:BK 8 <0B5@80;K, 8A?>;L7C5<K5 2 H259=>9 ?@><KH;5==>AB8, >A>15==>AB8 8E ?5@5@01>B:8 2 ?@>F5AA0E H259=>3> ?@>872>4AB20; E8<8G5A:85 <5B>4K, ?@8<5=O5<K5 ?@8 873>B>2;5=88 H259=KE 8745;89, 8E :;0AA8D8:0F8O; A>548=5=8O 45B0;59 H259=KE 8745;89: A:;5820=85,A20@:0, ?@>?8B:0 H259=KE =8B>:, E8<8G5A:0O >1@01>B:0 <5AB A>548=5=89; ?@840=85 45B0;O< >4564K =>2KE A2>9AB2 8 >B45;:0 H259=KE 8745;89 E8<8G5A:8<8 <5B>40<8; =0?@02;5=8O A>25@H5=AB2>20=8O E8<8G5A:8E <5B>4>2. 70 !.07. 2B><0B870F8O B5E=>;>38G5A:8E ?@>F5AA>2: >A=>2=K5 ?>=OB8O B5E=8G5A:>9 :815@=5B8:8, >1 02B><0B8:5 8 02B><0B870F88, 8E 7=0G5=88 8 MDD5:B82=>AB8, >@30=870F8>==>-B5E=8G5A:85 ?@54?>AK;:8 02B><0B870F88, E0@0:B5@8AB8:8 8 :;0AA8D8:0F8O 02B><0B8G5A:8E A8AB5<, B5E=>;>38G5A:85 ?@>F5AAK :0: >1J5:BK C?@02;5=8O, @53C;OB>@K 8 70:>=K @53C;8@>20=8O, >A=>2=K5 M;5<5=BK 02B><0B8G5A:8E A8AB5< @53C;8@>20=8O (! ), M;5<5=BK B5>@88 02B><0B8G5A:>3> C?@02;5=8O, >A=>2K <5B@>;>388 8 B5E=8:8 87<5@5=89 (>A=>2=K5 87<5@8B5;L=K5 AE5<K, <5B>4K 8 ?@81>@K 4;O 02B><0B8G5A:>3> 87<5@5=8O 8 :>=B@>;O B5E=>;>38G5A:8E ?5@5<5==KE 2 >B@0A;8), ?>=OB85 >1 02B><0B8G5A:8E A8AB5<0E C?@02;5=8O B5E=>;>38G5A:8<8 ?@>F5AA0<8 (!# ") 8 ?@>5:B8@>20=88 02B><0B8G5A:8E A8AB5< :>=B@>;O 8 @53C;8@>20=8O 2 >B@0A;8. 90 !.08.@>5:B8@>20=85 H259=KE ?@54?@8OB89: B5E=8:>-M:>=><8G5A:>5 >1>A=>20=85 AB@>8B5;LAB20 8;8 @5:>=AB@C:F88 ?@54?@8OB8O; ?@5420@8B5;L=K9 @0AG5B ?@54?@8OB8O; ?@>5:B8@>20=85 @0A:@>9=KE 8 A1>@>G=KE F5E>2, A:;04>2 8 ?>4A>1=>-2A?><>30B5;L=KE F5E>2 H259=KE ?@54?@8OB89; @5:>=AB@C:F8O ?@54?@8OB89; A?5F80;L=K5 2>?@>AK >E@0=K >:@C60NI59 A@54K =0 H259=KE ?@54?@8OB8OE; >A=>2K ?@>5:B8@>20=8O ?@><KH;5==KE 740=89; >A=>2=K5 ?@8=F8?K ?@>5:B8@>20=8O 35=?;0=0; AB@>8B5;L=K5 <5@>?@8OB8O ?@8 @5:>=AB@C:F88 459AB2CNI8E ?@>872>4AB2; AB@>8B5;L=K5 <0B5@80;K; >A=>2K ?@>5:B8@>20=8O A0=8B0@=>9 B5E=8:8.220 !.09. 1>@C4>20=85 H259=>3> ?@>872>4AB20 8 >A=>2K ?@>5:B8@>20=8O >1>@C4>20=8O: >1I0O E0@0:B5@8AB8:0 B5E=>;db "6^`۽۔~t~nfn~nfnfn]nTh`@OJQJhh9h`@CJh`@CJNH h`@CJh9h`@6hh9h`@CJhh9h`@5CJhh9h`@56OJQJhh9h`@OJQJhh9h`@6OJQJhh9h`@6>*OJQJhh9h`@5>*OJQJhh9h`@5OJQJhh9h`@mHsHh`@h`@mHsHdfhjl2 4 b D ^ v ^v ` x^`x x^ T^T ^  P^ `P^ 0L^0`L L^`LD F H J 8 : <  v "6`, ^, N^NJ^Jo^ N"^N`"~^~` ~"^~`" ~^~`6| PZHt^$a$  @0 1$$`a$`68VXvx 8:!!r"J$L$%%&&'|(~())*,, -"-x.z./ ////0011255<6>6667799:::;;<b<<= =??????L@N@,A.ABBh`@CJNHh9h`@CJ h`@CJh`@OJQJhh`@NHOJQJhTF !r"V##$,&&'' **,,-d-/022333d45` @0 1$`$`a$  @0 1$5p6F789:<==??@vAXB(CTDFGtHIIIK L LhLjL`  @0 1$$a$BBBCCJDLDTDFFFFF>G@GG0H2HtHI IIIIL L LfLhLOO Q6Q8Q]T_______X```&a:a^a4b6bccncԴԛԛԔh`@5CJNH h`@5CJ h`@5CJh9h`@5CJhh9h`@56CJhh9h`@5CJhh9h`@6CJhh9h`@hh9h`@CJhh`@NHOJQJhh`@OJQJhh`@CJNH h`@CJ4jL MOOPXPP8Q:QQnSpS,U.U4X6X>YYDZZ6[h[j[\]]]`^^^`^_T_b_____L`V`skd$$IflF9!R0    4 lal$If^ V`X``````yyyy$Ifkd$$IflF9!R0    4 lal```a&ayyy$IfkdZ$$IflF9!R0    4 lal&a(a:a^aceHghkklmmyyyyyyyyyyy$Ifkd$$IflF9!R0    4 lal ncpccc&e(eee$g&g h"hhhZi\iii*j,jjjkkmmmmooo p pppqqqqdrfr>ssttwxx:<{|||| ~ ~r~t~~~tvNPʂ̂24@B†<>҈Ԉ h`@5CJ h`@CJh`@CJNH]mmmmmmpqzssyyyyyyyy$Ifkd$$IflF9!R0    4 lal ssss"v|^Ά>Њztttttttttttt$Ifkda$$Ifl4>F9!R0    4 lalf4 ĊƊ`b"$ҐԐZ\ēƓ68ЕҕHJ fhҘԘЛқ:<BDLN*,jlإڥFHlnJL\^ ,^8 h`@5CJh`@CJNH h`@CJ]ڕykd4$$IflF9!R0    4 lal$If Blnyyyyy$Ifkd$$IflF9!R0    4 lalnpyyyyy$Ifkd$$IflF9!R0    4 lal,^Vbyyyyyyyy$Ifkd$$IflF9!R0    4 lal 8:ƬȬfhҭԭ"$tvNP z|\^Ƴȳ46FHPRθи>@ҹ>@Ƽȼz|FHbd xz h`@5CJ h`@>*CJ h`@CJh`@CJNHZҹyyyyy$IfkdX$$IflF9!R0    4 lal yyyyy$Ifkd!$$IflF9!R0    4 lal`b(*jlHJ&((npFH"$np`b:<|~TVnp@BjlDFdfXZ h`@5CJ h`@CJh`@CJNH](yyyyy$Ifkd$$IflF9!R0    4 lalyyyyy$Ifkd $$IflF9!R0    4 lal.0NPdfb 02bd(*6:HJLf>@fh.0h`@mHsHh`@5mHsHh`@5hmHsHh`@h9h`@CJhh`@CJhmH sH h9h`@5CJhh`@5CJhmH sH h`@5CJNH h`@5CJh`@CJNH h`@CJ6Zdyyy$Ifkd| $$IflF9!R0    4 laldfx|vvv$IfkdE $$Ifl4F9!R0    4 lalf4`l|vvv$Ifkd $$Ifl4F9!R0    4 lalf4ln|vvv$Ifkd $$If(F9!R t0    4 (al*8|vmmv $$Ifa$$Ifkdu $$If(F9!R t0    4 (al8:Lf |vlcv $$Ifa$ $If`$Ifkd1$$If(F9!R t0    4 (al .||vllv $If`$Ifkd$$If(F9!R t0    4 (al0VXz|*>@ ""$PR  *߷٠فh`@5CJhmH sH h`@NHmHsHh`@mHsHh`@5mHsHh9h`@NHhmHsHh9h`@hmHsHh`@NHhmHsHh`@5hmHsH h`@CJh`@hmHsHh9h`@NHmHsHh9h`@mHsH0|vllv $If`$Ifkd$$If(F9!R t0    4 (al*>|vllv $If`$Ifkde$$If(F9!R t0    4 (al(|vl_v $$If`a$ $If`$Ifkd!$$If(F9!R t0    4 (al(*<zttt$Ifkd$$If(rF9!R t0    4 (al6H|vvv$Ifkd$$If(F9!R t0    4 (alB    4 : < > L N    l n     , .   v x   LNZ\缴ҨҨҨҨҨҨҟҨҨҨ҃ҊҨ h`@5CJh`@CJhmH sH h9h`@CJhh9h`@CJh`@CJNHh`@h`@OJQJh`@5OJQJh9h`@CJmH sH  h`@CJh`@5OJQJhmH sH h`@5CJhmH sH h9h`@5CJh3HJR|smm$If $$Ifa$kdY$$If(F9!R t0    4 (al  AXkd$$If(F9!R    4 (al$If$IfXkd$$If(F9!R    4 (al " $ & ( * , . 0 2 4 N     $$Ifa$ $If`$If@  "  $$Ifa$$IfXkd7$$If(F9!R    4 (al \prVX"$|~ 68`b  >  !""##%%&&&&&&,(.((())(*****R+T+++R,T,X,b,z,|,Z-\-..//P0R000~1122222h9h`@5OJQJhh`@5CJhmH sH h9h`@CJhh`@CJhmH sH h9h`@5CJhh`@CJNH h`@CJH" $ > ~ &&&&>XkdY$$If(F9!R    4 (al $$Ifa$$IfXkd$$If(F9!R    4 (al&')R,T,`,b,|,,22Xkd$$If(F9!R    4 (al$If$If $$Ifa$ 223238998Xkd $$If(F9!R    4 (al$If $$Ifa$$IfXkd{$$If(F9!R    4 (al22332333T4V4445566B7D777t8v8889969899(:H;J;==N>P>>>z?|?@@(A*A.AFA\A^A`AAXBZBDDHEJEnFpFGGᱺh`@CJNHh`@ h`@5CJh9h`@CJhh`@5CJh h`@CJhh9h`@5OJQJhh`@NHOJQJh`@OJQJh`@5CJhmH sH  h`@CJh`@CJhmH sH :999899(:*A6A8ADAFA`AAMM $$Ifa$ $If`Xkd$$If(F9!R    4 (al$If$IfG(H*HHHTIVIIIKKBLDLMMMMMM6N8NNNXOZOOOPPQQQQRRRvSxSST TTTTtTTTVV`WbWJZLZTZZZr[t[\\\\2]4]__``ýýýýýýýýýóýýýýýýý h`@5h9h`@CJh h`@NHh`@ h`@5CJh`@5CJhmH sH h`@CJhmH sH h9h`@5CJhh`@CJNH h`@CJDMMM8NST T8Xkd$$If(F9!R    4 (al$If $$Ifa$$IfXkd.$$If(F9!R    4 (al TTtTTZaaab@bikkk$IfXkdP$$If(F9!R    4 (al $If` $$Ifa$$If `RaTaaaaab@bcddd4e6eeeffgghhiiLjNjkkkkkkkVlrmtm2o4oNoPoooooooo*pXqZqrr8t>tFt^t`ttuuuu@vBvvvwۺᬺκκh`@5CJh h`@H* h`@CJhh`@CJNH h`@5h`@5CJhmH sH  h`@CJh`@CJhmH sH h9h`@CJh h`@NHh`@DkkkkkVlooo $If`$IfXkd$$If(F9!R    4 (alooo*p8tDtFt=Xkd$$If(F9!R    4 (al $If`$IfXkdr$$If(F9!R    4 (alFt`ttwwww>x|}Xkd$$If(F9!R    4 (al $If`$If wwwwwww>||}6~~~~~~~&:ʶԿʁāʂԂ:<bBD؅څtv͸ͱıĔڃĔh`@CJNHhh`@CJNH h`@CJh9h`@5OJQJhh`@5OJQJ h`@5CJh9h`@5CJhh`@5CJhh`@5CJhmH sH  h`@CJhh`@CJhmH sH h9h`@CJhh`@ h`@NH3}}}z}}}}~"~GXkd$$If(F9!R    4 (al$IfXkd%$$If(F9!R    4 (al"~$~6~~~~$If$If $If^XkdG$$If(F9!R    4 (al~~~$If|$If^|` $If^[kd$$If(4F9!R    4 (alf4&: jԀ2Ruuhhhhhhhh $$If^a$ $If^kdo$$IflF9!R0    4 lal R^`bphă,FRywjjjjjj $$If^a$kd $$IflF9!R0    4 lal$If RTbrԅ@~އ4}wjjjjjjjjjj $$If^a$$Ifkd $$IflF9!R0    4 lal DF "\VX2dVX"$VX,.j0P.0ȝʝbdРҠ`bh΢2ȧ>>>"@$@@@TAVA C"CCCU h`@5CJh`@5OJQJh`@5CJh h`@CJh h`@CJh`@CJNHR4 "\tڊj` $If^kdz!$$IflF9!R0    4 lal$If $$If^a$ ڊ>> dƍ.Z $If $$If^a$ "2dА>\Ȓ.}ssffffffff $$If^a$ $If^kd+"$$IflF9!R0    4 lal fȔHlvxjkd"$$IflF9!R0    4 lal$If $$If^a$ xRfʙ,vΚ.̛2>$If $$If^a$ @0 $1$If^ $If^>@PVrޞ@}ssffffffff $$If^a$ $If^kd#$$IflF9!R0    4 lal `Ġ&ԡ6jtvj` $If^kd>$$$IflF9!R0    4 lal$If $$If^a$ ΢ "2ȧ2>>?P?j```` $If^kd$$$IflF9!R0    4 lal $$If^a$$If >38G5A:>3> >1>@C4>20=8O, 53> :;0AA8D8:0F8O ?> 284C B5E=>;>38G5A:>3> ?@>F5AA0, AB5?5=8 03@530B8@>20=8O 8 02B><0B870F88; @01>G85 >@30=K 8 B5>@8O @01>BK >A=>2=KE B8?>2 B5E=>;>38G5A:>3> >1>@C4>20=8O ?@>872>4AB20 >4564K; A>2@5<5==K5 :>=AB@C:B82=K5 <>48D8:0F88 ?@>872>4AB25==KE <0H8= 8 03@530B>2 4;O ?@><5@0 8 @071@0:>2:8 <0B5@80;>2, D>@<8@>20=8O, :>?8@>20=8O 8 @0A:;04:8 ;5:0;, D>@<8@>20=8O =0AB8;>2 87<5@=KE ?>;>B5=, 2K?>;=5=8O @0A:@>9=KE >?5@0F89,A>548=5=8O 45B0;59 =8B:0<8 (AB56:8 :;0AA>2 100,300-600), 2K?>;=5=8O 70:@5?>:, 873>B>2;5=8O ?@O<KE 8 D83C@=KE ?5B5;L, ?@8H82:8 ?C3>28F 8 DC@=8BC@K, ?>C7;>2>9 A1>@:8 >4564K, 157=8B>G=>3> A>548=5=8O 45B0;59, 2;06=>-B5?;>2>9 >1@01>B:8;=07=0G5=85 8 <5B>4K 2K?>;=5=8O >A=>2=KE B5E=>;>38G5A:8E @53C;8@>2>: ?@><KH;5==>3> >1>@C4>20=8O; :><?;5:A=>-<5E0=878- @>20==K5 ;8=88 8 ?>B>:8 ?@>872>4AB20 >4564K, 2K1>@ >1>@C4>20=8O 8 >A=0AB:8 @01>G8E <5AB B5E=>;>38G5A:8E :><?;5:A>2, =0?@02;5=8O A>25@H5=AB2>20=8O 8 02B><0B870F88 ?@>872>4AB25==>3> >1>@C4>20=8O, 02B><0B878@>20==K9 ?@82>4 B5E=>;>38G5A:8E <0H8= 8 03@530B>2, AB@C:BC@0 !# " ?@>872>4AB20 >4564K; >@30=870F8>==K5 8 =0CG=>-B5E=8G5A:85 ?@>1;5<K, 2>7=8:0NI85 ?@8 A>740=88 =>2>3> >1>@C4>20=8O 8 53> 8A?>;L7>20=8O 2 B5E=>;>38G5A:8E :><?;5:A0E ?@>872>4AB20 >4564K, B@51>20=8O, ?@54JO2;O5<K5 : 2=>2L ?@>5:B8@C5<><C ?@>872>4AB25==><C >1>@C4>20=8N, <5B>4K 8 ?@85<K @07@01>B:8 B5E=8G5A:8E 7040=89 =0 ?@>5:B8@>20=85 >1>@C4>20=8O, >1I85 ?@028;0 ?>43>B>2:8 :>=AB@C:B>@A:>9 4>:C<5=B0F88 2 A>>B25BAB288 A !; @07@01>B:0 B5E=>;>38G5A:>9 AE5<K, F8:;>3@0<<K, AB@C:BC@=>9 AE5<K <0H8= 8 03@530B>2, ?@>5:B8@>20=85 8E <5E0=87<>2, ?@>5:B8@>20=85 B5E=>;>38G5A:>9 >A=0AB:8, >A>15==>AB8 ?@>5:B8@>20=8O 02B><0B>2 8 02B><0B878@>20==KE B5E=>;>38G5A:8E :><?;5:A>2 ?@>872>4AB20 >4564K. 150!.008AF8?;8=K A?5F80;870F89 800 !.02.280900 >=AB@C8@>20=85 H259=KE 8745;89 !.01. 8AC=>:: >A=>2K 87>1@078B5;L=>9 3@0<>BK 8 ?@0:B8G5A:85 =02K:8 2 @8A>20=88 >1J5<=KE 35><5B@8G5A:8E B5;, ?@54<5B>2 8 3@C??K ?@54<5B>2 =0 ?;>A:>AB8 (1C<035); @8AC=>: D83C@K G5;>25:0 8 2K?>;=5=85 :@0B:>2@5<5==KE 70@8A>2>: 8 =01@>A:>2 D83C@K.100!.02.%C4>65AB25==>-3@0D8G5A:0O :><?>78F8O: ?>7=0=85 >1@07=>-?;0AB8G5A:>9 8 >@=0<5=B0;L=>-:>=AB@C:B82=>9 AB@C:BC@K :>ABN<0 G5@57 ?@0:B8G5A:85 =02K:8 2K?>;=5=8O :><?>78F8>==KE @5H5=89 @07;8G=K<8 2K@078B5;L=K<8 EC4>65AB25==>-3@0D8G5A:8<8 A@54AB20<8. 100!.03.@E8B5:B>=8:0 >1J5<=KE D>@<: >1@07=>5 >1J5<=>-?@>AB@0=AB25==>5 <KH;5=85; ;5?:0 >1J5<=>9 D>@<K CA;>2=>9 <>45;8, ?5@5E>4 >B M;5<5=B0@=>3> ?>=8<0=8O :>ABN<0, :0: =01>@0 ?;>A:8E 45B0;59, : ?@>D5AA8>=0;L=>9 ?5@540G5 2 @50;L=>< >1J5:B5 >A=>2=KE 70:>=>2 :><?>78F88. 50!.04.>=D5:F8>=8@>20=85 <0B5@80;>2 4;O >4564K: A8AB5<0B8:0 H259=KE 8745;89 8 <0B5@80;>2, ?@8<5=O5<KE 4;O 873>B>2;5-=8O >4564K; 0AA>@B8<5=B >A=>2=KE, ?>4:;04>G=KE, CB5?;ONI8E,A:@5?;ONI8E, >B45;>G=KE <0B5@80;>2 8 DC@=8BC@K 8 8E E0@0:B5@8AB8:0;>A=>2=K5 ?@8=F8?K 8 <5B>48:0 >1>A=>20=8O 8 2K1>@0 <0B5@80;>2 4;O >4564K;B5>@5B8G5A:85 >A=>2K 8 ?@0:B8G5A:85 <5B>4K :>=D5:F8>=8@>20=8O <0B5@80;>24;O >4564K; >A=>2=K5 :@8B5@88 ?>41>@0 <0B5@80;>2 2 ?0:5BK 8745;89; 2;8O=85 ?0@0<5B@>2 AB@C:BC@K <0B5@80;0, 53> D0:BC@K, 3@8D0, EC4>65AB25==>-:>;>@8AB8G5A:>3> >D>@<;5=8O 8 A2>9AB2 ?@8 @0ABO65=88, 873815, B@5=88 8 4@. =0 :>=AB@C:B82=>5 8 MAB5B8G5A:>5 2>A?@8OB85 >4564K 8 55 :0G5AB2>; 2;8O=85 AB@C:BC@K 8 A2>9AB2 <0B5@80;0 =0 D>@<>>1@07>20=85 8 D>@<>CAB>9G82>ABL 45B0;59 >4564K; <5B>4K 8A?KB0=8O <0B5@80;>2 8 A8AB5< <0B5@80;>2 ?0:5B0 >4564K; ?@>3=>78@>20=85 A2>9AB2 8 :0G5AB2> >4564K ?> ?>:070B5;O< A2>9AB2 8 :0G5AB20 <0B5@80;>2 >4564K.100!.05."5E=>;>38O H259=KE 8745;89: >1I85 A2545=8O > @01>B5 H259=>3> ?@54?@8OB8O; >A=>2=K5 MB0?K B5E=>;>38G5A:8E ?@>F5AA>2; ?>43>B>2:0 8 @0A:@>9 <0B5@80;>2: @0A:;04:0 ;5:0;, =>@<8@>20=85 @0AE>40 <0B5@80;0, @0F8>=0;L=>5 8A?>;L7>20=85 <0B5@80;>2, @0AG5B @0A:;04>: ;5:0; 8 =0AB8;>2 <0B5@80;>2, 3@0D8: @0A:@>O, =>@<0B82=>-B5E=8G5A:0O 4>:C<5=B0F8O ?>43>B>2:8 8 @0A:@>O, B5E=>;>38G5A:89 ?@>F5AA ?>43>B>28B5;L=>-@0A:@>9=>3> ?@>872>4AB20, A?>A>1K @0A:@>O; >A=>2K B5E=>;>388 873>B>2;5=8O >4564K, 284K A>548=5=89 ?@8 873>B>2;5=88 >4564K, ?@>F5AAK >1@07>20=8O <0H8==KE AB56:>2 8 AB@>G5:, @01>G85 8=AB@C<5=BK H259=KE <0H8=, >1I0O E0@0:B5@8AB8:0 >1>@C4>20=8O 4;O 873>B>2;5=8O >4564K, :;552K5 8 A20@=K5 A>548=5=8O 45B0;59 >4564K;2;06=>-B5?;>20O >1@01>B:0 H259=KE 8745;89; ?@>F5AAK 873>B>2;5=8O H259=KE 8745;89, :><?;5:A=0O 02B><0B870F8O 8 <5E0=870F8O ?@>F5AA>2 873>B>2;5=8O H259=KE 8745;89; >A>15==>AB8 ?>B>G=>3> ?@>872>4AB20; @0AG5B ?0@0<5B@>2 ?>B>:0; >@30=870F8>==>-B5E=>;>38G5A:0O AE5<0 ?>B>:0 8 55 0=0;87; ?;0=8@>2:0 @01>G8E <5AB 2 H259=>< F5E5; A>25@H5=AB2>20=85 >@30=870F88 @01>BK ?>B>:>2 H259=>3> ?@>872>4AB20.  200!.06.>=AB@C8@>20=85 >4564K: >A=>2=K5 DC=:F88, :;0AA8D8:0F8O 8 B@51>20=8O : >45645; ?@8=F8?K D>@<8@>20=8O 30@45@>10 8 0AA>@B8<5=B0 >4564K; :;0AA8D8:0F8O 8 >1I0O E0@0:B5@8AB8:0 ?@81;865==KE <5B>4>2 :>=AB@C8@>20=8O @0725@B>: 45B0;59 >4564K =0 D83C@K B8?>2>3> B5;>A;>65=8O 8 =0?@02;5=85 8E A>25@H5=AB2>20=8O; 2=5<0H8==0O 8AE>4=0O 8=D>@<0F8O 4;O :>=AB@C8@>20=8O G5@B5659 45B0;59 >4564K 2 CA;>28OE ! ;2708<>A2O7L @07<5@>2, D>@<K 8 :>=AB@C:F88 >4564K A @07<5@0<8 B5;0 G5;>25:0 8 A2>9AB20<8 <0B5@80;>2; E0@0:B5@8AB8:0 B8?>2KE :>=AB@C:F89 8 A?>A>1K 8E D>@<>>1@07>20=8O; ?@8=F8?K @0AG5B0 ?@8102>: 8 ?@8?CA:>2;<5B>4K @07@01>B:8 8AE>4=KE <>45;L=KE :>=AB@C:F89 () <C6A:>9, 65=A:>9 8 45BA:>9 >4564K @07;8G=KE 284>2 8 A8;CMB>2 A 8A?>;L7>20=85< 107>2KE :>=AB@C:F89 (); >A>15==>AB8 :>=AB@C8@>20=8O >4564K A CG5B>< A2>9AB2 <0B5@80;>2: B@8:>B060, :>68, <5E0, =5B:0=KE 8 4@C38E ?5@A?5:B82=KE <0B5@80;>2; <0=5:5=K 4;O >4564K  8=AB@C<5=B 4;O :>=B@>;O :0G5AB20 ?>A04:8 8745;8O; A>25@H5=AB2>20=85 <5B>4>2 :>=AB@C8@>20=8O  8  ?@8<5=8B5;L=> : A>740=8N 107K 40==KE 4;O ! . 200!.07.AB>@8O :>ABN<0 8 <>4K: MAB5B8G5A:85 D>@<K 8 :>=AB@C:F88 8AB>@8G5A:>3> 8 =0@>4=>3> :>ABN<0; C<5=85 ?>;L7>20BLAO 7=0=85< 8AB>@88 :>ABN<0 2 A2>59 B2>@G5A:>9 8 ?@0:B8G5A:>9 45OB5;L=>AB8 ?@8 @07@01>B:5 <>45;59 8 :>=AB@C:F89 A>2@5<5==>9 >4564K. 80!.08.><?>78F8O :>ABN<0: A>740=85 :><?>78F88 :>ABN<0 (<C6A:>3>, 65=A:>3>, <>;>456=>3>, 45BA:>3>), >A=>2=KE 0AA>@B8<5=B=KE 3@C?? 8 @07;8G=>3> =07=0G5=8O. 170!.09.A=>2K ?@8:;04=>9 0=B@>?>;>388 8 18><5E0=8:8: M;5<5=BK 0=0B><88 8 <>@D>;>388 G5;>25:0; E0@0:B5@8AB8:0 D>@<K 8 AB@>5=85 >B45;L=KE G0AB59 A:5;5B0; E0@0:B5@8AB8:0 >A=>2=KE <>@D>;>38G5A:8E ?@87=0:>2, >?@545;ONI8E 2=5H=NN D>@<C B5;0 G5;>25:0; <5B>4K 8AA;54>20=8O @07<5@>2 B5;0 G5;>25:0 2 AB0B8:5; 8A?>;L7>20=85 87<5=G82>AB8 @07<5@=KE ?@87=0:>2 ?> @07<5@0< 8 @>AB0< ?@8 @07@01>B:5 AE5< 3@040F88 ;5:0;; ?@8=F8?K 3@0D8G5A:>3> 87>1@065=8O ?>25@E=>AB8 B5;0 G5;>25:0 8 <0=5:5=>2 >4564K; 48=0<8G5A:0O 0=B@>?>;>38O 8 8A?>;L7>20=85 55 @57C;LB0B>2 ?@8 ?@>5:B8@>20=88 >4564K; B5>@5B8G5A:85 >A=>2K ?>AB@>5=8O @07<5@=>9 B8?>;>388 =0A5;5=8O; 70:>=><5@=>AB8 87<5=G82>AB8 8 @0A?@545;5=8O G0AB>B 2AB@5G05<>AB8 0=B@>?>;>38G5A:8E ?@87=0:>2; :>@@5;OF8>==0O A2O7L ?@87=0:>2; ?>=OB85 @53@5AA88; >A=>2=K5 ?@8=F8?K ?>AB@>5=8O @07<5@=>9 B8?>;>388 27@>A;>3> 8 45BA:>3> =0A5;5=8O; @07<5@=>-@>AB>2K5 AB0=40@BK; :;0AA8D8:0F8O D83C@ B8?>2>3> B5;>A;>65=8O; @07@01>B:0 H:0; ?@>F5=B=>3> @0A?@545;5=8O B8?>2KE D83C@ 4;O ?@><KH;5==>3> ?@>872>4AB20 >4564K. 90!.10.1>@C4>20=85 H259=>3> ?@>872>4AB20: >1I0O E0@0:B5@8AB8:0 B5E=>;>38G5A:>3> >1>@C4>20=8O H259=>3> ?@>872>4AB20, 53> :;0AA8D8:0F8O ?> 284C B5E=>;>38G5A:>3> ?@>F5AA0; A>2@5<5==K5 :>=AB@C:B82=K5 <>48D8:0F88 ?@>872>4AB25==KE <0H8= H259=>3> ?@>872>4AB20; =0?@02;5=8O A>25@H5=AB2>20=8O 8 02B><0B870F88 ?@>872>4AB25==>3> >1>@C4>20=8O, 02B><0B878@>20==K9 ?@82>4 B5E=>;>38G5A:8E <0H8= 8 03@530B>2. 90!.11.!  >4564K: >1I5B5>@5B8G5A:85 >A=>2K ! ; >A>15==>AB8 ?>AB@>5=8O !  H259=KE 8745;89; 284K >15A?5G5=8O, A>2@5<5==K5 B5@<8=0;L=K5 CAB@>9AB20, ?>72>;ONI85 25AB8 480;>3 =0 O7K:5 3@0D8:8; >A=>2K <0B5<0B8G5A:>3> <>45;8@>20=8O 35><5B@8G5A:8E >1J5:B>2; B5>@5B8G5A:85 >A=>2K 8=B5@0:B82=>9 <0H8==>9 3@0D8:8, <5B>4K 8 A@54AB20 A8=B570 8 @540:B8@>20=8O 3@0D8G5A:8E 87>1@0-65=89; 3@0D8G5A:85 ?@>3@0<<=K5 ?0:5BK >1I53> =07=0G5=8O (") 8 ?@>3@0<<=K5 :><?;5:AK A?5F80;L=>3> =07=0G5=8O 2 >1;0AB8 02B><0B870F88 ?@>5:B8@>20=8O H259=KE 8745;89 ( =25A<0@: ,     ,  0@:04 ,   8 4@C385),8E 8A?>;L7>20=85 4;O @07@01>B:8  >4564K; =0?@02;5=8O A>25@H5=AB2>20=8O ?@>F5AA0 ?@>5:B8@>20=8O >4564K 2 CA;>28OE !  (2>7<>6=>ABL B@5E<5@=>3> ?@>5:B8@>20=8O 8 4@). 100!.12.>=AB@C:B>@A:>-B5E=>;>38G5A:0O ?>43>B>2:0 ?@>872>4AB20: >A=>2=K5 MB0?K 8 2708<>A2O7L :>=AB@C:B>@A:>9 8 B5E=>;>38G5A:>9 ?>43>B>2:8 ?@>872>4AB20; A>45@60=85 AB0489 ?@>5:B8@>20=8O >4564K ?> !; @07@01>B:0 B@51>20=89 : ?@>5:B8@C5<>9 :>=AB@C:F88 >4564K 8 <0B5@80;0< 4;O 55 873>B>2;5=8O; 0=0;87 <>45;59 0=0;>3>2 (); :@8B5@88 >F5=:8 C@>2=O :><?>78F8>==>3> 8 :>=AB@C:B82=>3> @5H5=8O <>45;59; <5B>4K ?@>2545=8O ?@8<5@>: 8 CAB@0=5=8O 45D5:B>2 >1@07F>2 <>45;59 >4564K; ?@8=F8?K D>@<8@>20=8O @0F8>=0;L=>9 AB@C:BC@K ?@><KH;5==KE :>;;5:F89 >4564K =0 >A=>25 87CG5=8O ?>B@518B5;LA:>3> A?@>A0; @07@01>B:0 20@80=B>2 :>=AB@C:B82=>3> ?>AB@>5=8O 8 2K1>@ >?B8<0;L=>3> 20@80=B0 ?@>5:B8@C5<>9 <>45;8; ?@><KH;5==>5 ?@>5:B8@>20=85 =>2KE <>45;59 >4564K; B8?>2>5 ?@>5:B8@>20=85 =>2KE <>45;59 >4564K; B5E=>;>38G=>ABL :>=AB@C:F88; ?@8=F8?K ?>2KH5=8O AB5?5=8 B5E=>;>38G=>AB8 :>=AB@C:F88 H259=>3> 8745;8O; ?>@O4>: >B@01>B:8 :>=AB@C:F88 =0 B5E=>;>38G=>ABL; <5B>4K >F5=:8 AB5?5=8 B5E=>;>38G=>AB8; M:>=><8G=>ABL <>45;8; ?@>3=>78@>20=85 8 C?@02;5=85 M:>=><8G=>ABLN <>45;8; =0?@02;5=8O A>25@H5=AB2>20=8O " ?@8 ?@><KH;5==>< ?@>5:B8@>20=88 >4564K; >A>15==>AB8 " 4;O <0;KE ?@54?@8OB89 8 ?@8 8=48284C0;L=>< 873>B>2;5=88 >4564K. 100!.13.>=AB@C:B82=>5 <>45;8@>20=85 >4564K: ?@8=F8?K 8=65=5@=>-EC4>65AB25==>3> ?@>5B8@>20=8O ?@><KH;5==KE 8745;89; MA:87=>5 ?@>5:B8@>20=85 >4564K;B@51>20=8O : :>=AB@C:F88 <>45;8; 0;3>@8B<K <>45;L=KE ?@5>1@07>20=89 107>2KE :>=AB@C:F89 >4564K;<5B>4K :>=AB@C:B82=>3> <>45;8@>20=8O 157 87<5=5=89 8 A 87<5=5=85< A8;CMB=>9 D>@<K 8AE>4=>9 :>=AB@C:F88; @07@01>B:0 :>=AB@C:F88 45B0;59 >4564K ?> MA:870< 8 >1@07F0< <>45;59; >A>15==>AB8 :>=AB@C:F88 8 <5B>4K :>=AB@C:B82=>3> <>45;8@>20=8O >A=>2=KE 45B0;59 <C6A:>9, 65=A:>9 8 45BA:>9 >4564K A 2B0G=K<8 @C:020<8 4;O C3;C1;5==>9 8 D83C@=>9 ?@>9<K,@C10H5G=K<,?>:@>O @53;0=, F5;L=>:@>9=K<, :><18@>20==K<, 8 4@. >=AB@C8@>20=85 2>@>B=8:>2 @07;8G=KE D>@< 8 <>45;59; >A>15==>AB8 :>=AB@C:B82=>3> <>45;8@>20=8O >4564K A 8A?>;L7>20=85< - 8 A@54AB2 :><?LNB5@=>9 3@0D8:8. 200!.14.8385=0 >4564K: @0728B85 CG5=8O > 38385=5 >4564K;>A>15==>AB8 D878>;>388 B5?;>>1<5=0 G5;>25:0 A 2=5H=59 A@54>9; D878>;>38G5A:85 ?>:070B5;8, >?@545;ONI85 A>>B25BAB285 >4564K 38385=8G5A:8< B@51>20=8O<; 38385=8G5A:85 B@51>20=8O : >45645 1KB>2>9, 45BA:>9, A?5F80;L=>9; ?@>F5AA ?5@540G8 B5?;0 G5@57 ?0:5B >4564K >B G5;>25:0 2> 2=5H=NN A@54C; <5B>4K @0AG5B0 B5?;>70I8B=KE A2>9AB2 B5?;>9 >4564K; >A=>2=K5 ?@8=F8?K ?@>5:B8@>20=8O >4564K 4;O 70I8BK >B 871KB:0 E>;>40 8;8 B5?;0; <5B>4K D878>;>3>-38385=8G5A:>9 >F5=:8 >4564K. 90 !.008AF8?;8=K A?5F80;870F89 536 !.03.201000 "5E=>;>38O :>68 8 <5E0 !.01.@30=8G5A:0O E8<8O 8 >A=>2K 18>E8<88: D5=>;K; E8=>=K; 0;L45384K 8 :5B>=K 8E 2708<>459AB285 A 07>BA>45@60I8<8 A>548=5=8O<8; C@>B@>?8=; >A=>20=8O (8DD0; >:A8<K; :0?@>;0:B0<; ;878=; :C<0@8=; 15=7>8=; :>=45=A0F8O A D5=>;0<8 8 0@><0B8G5A:8<8 0<8=0<8; :@0A8B5;8 8 8=48:0B>@K; @50:F8O 0==8E0; D>@<0;L45384, 3;CB0@>2K9 0;L45384, 0:@>;58=; =5?@545;L=K5 >4=>>A=>2=K5 8 42CE>A=>2=K5 :8A;>BK; 0@><0B8G5A:85 42CE>A=>2=K5 :8A;>BK; 68@K; ?>=OB85 > 2>A:0E; ?>25@E=>AB=>-0:B82=K5 25I5AB20 (); 384@>:A8:8A;>BK; ?@>872>4=K5 C3>;L=>9 :8A;>BK; :0@10<84 (<>G528=0), 87>F80=0BK, C@5B0=K, :0@1>=0BK; 3C0=848=, F80=3C0=848=, <5;0<8=; B0==8=K; 0<8=>:8A;>BK; =570<5=8<K5 0<8=>:8A;>BK; ?>=OB8O > ?5?B840E, 0<840E; 48:5B>?5@078=; ;0:B0<K; 2=CB@5==85 A>;8, 87>M;5:B@8G5A:0O B>G:0; 15B08=K; @50:F8O !5@5=A5=0; >1@07>20=85 AC;LD0<84>2; :A0=B>?@>B58=>20O @50:F8O; ?>=OB85 > 15;:0E; 18>?>;8<5@K; C3;52>4K; =8B@>F5;;N;>70, :0@1>:A8<5B8;F5;;N;>70, 0F5B0BK, 28A:>70, 45:AB@8=K; @>;L C3;52>4>2 2 >1@07>20=88 18>?>;8<5@=KE A8AB5<; D>AD>@>@30=8G5A:85 A>548=5=8O.136!.02.$878G5A:0O 8 :>;;>84=0O E8<8O: >A=>2K E8<8G5A:>9 B5@<>48=0<8:8: 70:>=K B5@<>48=0<8:8, B5@<>48=0<8G5A:85 DC=:F88; E8<8G5A:89 ?>B5=F80;, B5@<>48=0<8G5A:85 A2>9AB20 307>2 8 307>2KE A<5A59; D07>2>5 @02=>25A85 8 A2>9AB20 @0AB2>@>2: @02=>25A85 2 >4=>:><?0=5=B=KE A8AB5<0E, B5@<>48=0<8G5A:85 A2>9AB20 @0AB2>@>2, @02=>25A85 2 42CED07=KE 42CE:><?0=5=B=KE A8AB5<0E, @02=>25A85 2 B@5E:><?0=5=B=KE A8AB5<0E; E8<8G5A:>5 @02=>25A85; B5@<>48=0<8G5A:0O B5>@8O -..!.; E8<8G5A:0O :8=5B8:0; :0B0;87: 3><>35==K9 8 D5@<5=B0B82=K9, 04A>@1F8O 8 35B5@>35==K9 :0B0;87; B5@<>48=0<8:0 ?>25@E=>AB=KE O2;5=89, A<0G820=85 8 :0?8;;O@=K5 O2;5=8O: 04A>@1F8O =0 3;04:8E ?>25@E=>ABOE 8 ?>@8ABKE 04A>@15=B0E, :0?8;;O@=0O :>=45=A0F8O; 043578O 8 A<0G820=85; ?>25@E=>AB=>0:B82=K5 25I5AB20; >1@07>20=85 8 AB@>5=85 42>9=>3> M;5:B@8G5A:>3> A;>O; M;5:B@>:8=5B8G5A:85 O2;5=8O; CAB>9G82>ABL 48A?5@A8>==KE A8AB5<: A548<5=B0F8O 2 48A?5@A=KE A8AB5<0E, B5@<>48=0<8G5A:85 8 :8=5B8G5A:85 D0:B>@K CAB>9G82>AB8; <8F5;;>>1@07>20=85; A8AB5<K A 684:>9 8 307>>1@07=>9 48A?5@A=>9 A@54>9; 7>;8, ACA?5=788, M<C;LA88, ?5=K, ?0ABK; AB@C:BC@0 >1@07>20=85 2 :>;;>84=KE A8AB5<0E.380!.03.=0;8B8G5A:0O E8<8O: 0=0;8B8G5A:0O E8<8O 8 :>=B@>;L >:@C60NI59 A@54K; >A=>2=K5 70:>=K E8<88 ?@8<5=O5<K5 2 0=0;8B8G5A:>9 E8<88; 7040G8 8 <5B>4K 3@028<5B@8G5A:>3> 0=0;870; >A=>2=K5 ?>;>65=8O 3@028<5B@88; <5E0=87< ?@>F5AA0 >A0645=8O; D0:B>@K, 2;8ONI85 =0 >1@07>20=85 8 @0AB2>@5=8O >A04:0; 2KG8A;5=8O 2 3@028<5B@88; B8B@8<5B@8G5A:89 0=0;87; B5>@5B8G5A:85 >A=>2K :8A;>B=>->A=>2=>3> B8B@>20=8O; B5>@5B8G5A:85 8 M:A?5@8<5=B0;L=K5 :@82K5 B8B@>20=8O; A>2@5<5==0O B5>@8O :8A;>B=>->A=>2=KE 8=48:0B>@>2; ?@58<CI5AB20 8 =54>AB0B:8 8A?>;L7>20=8O =52848<KE 8 2>4=>->@30=8G5A:8E @0AB2>@>2 2 E8<8G5A:>< 0=0;875; >:8A;8B5;L=>-2>AAB0=>28B5;L=K5 @50:F88 2 0=0;8B8G5A:>9 E8<88: <0=30=0B><5B@8O, 9>4><5B@8O; >:8A;8B5;L=>-2>AAB0=>28B5;L=K5 8=48:0B>@K 8 8E :;0AA8D8:0F8O, ?@8=F8? ?>AB@>5=8O :@82KE 2 @54>:A8<5B@8G5A:8E <5B>40E B8B@>20=8O; B5>@5B8G5A:85 >A=>2K ?@8<5=5=8O E8<8G5A:8E @5035=B>2 2 0=0;8B8G5A:>9 E8<88; 1578=48:0B>@=>5 B8B@>20=85; >A048B5;L=>5 B8B@>20=85; >1I0O E0@0:B5@8AB8:0 <5B>4>2 :><?;5:A>>1@07>20=8O; >A048B5;L=>5 B8B@>20=85; ?>AB0=>2:0 7040G8 8 2K1>@ 0=0;8B8G5A:8E <5B>4>2 0=0;870; ?@8=F8? @01>BK A E8<8G5A:>9 ;8B5@0BC@>9; ?@O<>5 8 :>A25==>5 87<5@5=85 2 E8<8G5A:>< 0=0;875; ?5@A?5:B82K @0728B8O 0=0;8B8G5A:>3> 0=0;870.100!.04.$878:>-E8<8G5A:89 0=0;87: 7=0G5=85 D878G5A:8E 8 D878:>-E8<8G5A:8E <5B>4>2 0=0;870 2 A>2@5<5==>9 =0C:5, ?@><KH;5==>AB8 8 B5E=8:5; GC2AB28B5;L=>ABL, 8718@0B5;L=>ABL, B>G=>ABL, ?@028;L=>ABL 8 2>A?@>872>48<>ABL, M:A?@5AA=>ABL; >1;0AB8 ?@8<5=5=8O; :;0AA8D8:0F8O 8 >1I0O E0@0:B5@8AB8:0 D878:>-E8<8G5A:8E <5B>4>2 0=0;870; ?>B5=F8><5B@8O; B5>@5B8G5A:85 >A=>2K <5B>40; :@82K5 ?>B5=F8><5B@8G5A:>3> B8B@>20=8O; A?>A>1K =0E>645=8O :>=5G=>9 B>G:8 B8B@>20=8O; :>=4C:B><5B@8O; 2KA>:>G0AB>B=>5 B8B@>20=85; :@82K5 :>=4C:B><5B@8G5A:>3> B8B@>20=8O; E@>=>:>=4C:B><5B@8G5A:>5 B8B@>20=85; 2KA>:>G0AB>B=>5 B8B@>20=85; @07;8G=K5 284K 2KA>:>G0AB>B=>3> B8B@>20=8O; >1I0O E0@0:B5@8AB8:0 >?B8G5A:8E <5B>4>2 0=0;870; @5D@0:B><5B@8O, =5D5;><5B@8O, ?>;O@8<5B@8O, BC@1848<5B@8O; M<8A8>==K9 A?5:B@0;L=K9 0=0;87; ?;0<5==0O D>B><5B@8O; 0B><=>-01A>@1F8>==K9 A?5:B@0;L=K9 0=0;87; B5E=8:0 0B><=>-01A>@1F8>==>3> 0=0;870; 70:>= C35@0-0<15@B0-5@0; 48DD5@5=F80;L=K5 A?5B@>D>B><5B@K; E0@0:B5@8AB8:0 -A?5:B@><5B@88; B5>@5B8G5A:85 >A=>2K <5B>40; ?@81>@K 4;O ?@>2545=8O 0=0;870; ;N<8=5AF5=B=K5 <5B>4K 0=0;870; <5B>4K :>;8G5AB25==>3> ;N<8=5AF5=B=>3> 0=0;870; E@><0B>3@0D8O, <5B>4K 0=0;870; 01A>@1F8O, @0A?@545;8B5;L=K5, 8>=>>1<5==K5, >A04>G=0O E@><0B>3@0D8O; B5@<8G5A:89 0=0;87; >A=>2=K5 284K B5@<8G5A:>3> 0=0;870; 48DD5@5=F80;L=>-B5@<8G5A:89 0=0;87 ("); 1;>:-AE5<0 CAB0=>2:8 ("); B5@<>3@028<5B@8G5A:89 <5B>4 0=0;870 ("); ?@8<5=5=85 B5@<8G5A:8E <5B>4>2; O45@=K9 <03=8B=K9 @57>=0=A (/ ); ?@>B>==K9 <03=8B=K9 @57>=0=A ( ); M;5:B@>==K9 ?0@0<03=8B=K9 @57>=0=A (- ); ?@8<5=5=85 @048><5B@8G5A:8E <5B>4>2 4;O 8AA;54>20=89; <0AA-A?5:B@0;L=K9 0=0;87; E0@0:B5@8AB8:8 8 B5>@5B8G5A:85 >A=>2K <5B>40.100!.05.A=>2=K5 ?@>F5AAK 8 0??0@0BK E8<8G5A:>9 B5E=>;>388: >A=>2K B5>@88 ?5@5=>A0 :>;8G5AB20 42865=8O, B5?;>BK, <0AAK; B5>@8O D878G5A:>3> 8 <0B5<0B8G5A:>3> <>45;8@>20=8O ?@>F5AA>2 E8<8G5A:>9 B5E=>;>388; 384@>48=0<8:0 8 384@>48=0<8G5A:85 ?@>F5AAK : >A=>2=K5 C@02=5=8O 42865=8O 684:>AB59, 384@>48=0<8G5A:0O AB@C:BC@0 ?>B>:>2, ?5@5<5I5=85 684:>AB59, A60B85 8 ?5@5<5I5=85 307>2, @0745;5=85 684:8E 8 307>2KE =5>4=>@>4=KE A8AB5<, ?5@5<5H820=85 2 684:8E A@540E; B5?;>2K5 ?@>F5AAK 8 0??0@0BK: >A=>2K B5>@88 ?5@540G8 B5?;>BK, ?@><KH;5==K5 A?>A>1K ?>42>40 8 >B2>40 B5?;>BK 2 E8<8G5A:>9 0??0@0BC@5; <0AA>>1<5==K5 ?@>F5AAK 8 0??0@0BK 2 A8AB5<0E A> A2>1>4=>9 3@0=8F59 @0745;0 D07; >A=>2K B5>@88 <0AA>?5@540G8 8 <5B>4K @0AG5B0 <0AA>>1<5==>9 0??0@0BC@K: 01A>1F8O, ?5@53>=:0 8 @5:B8D8:0F8O, M:AB@0:F8O; <0AA>>1<5==K5 ?@>F5AAK A =5?>4286=>9 ?>25@E=>ABLN :>=B0:B0 D07: 04A>@1F8O, ACH:0, 8>==K9 >1<5=, @0AB2>@5=85 8 :@8AB0;;870F8O; <5<1@0==K5 ?@>F5AAK E8<8G5A:>9 B5E=>;>388.180!.06.%8<8O 8 D878:0 2KA>:><>;5:C;O@=KE A>548=5=89: >A>15==>AB8 AB@>5=8O; A2>9AB20 2KA>:><>;5:C;O@=KE A>548=5=89; <5B>4K 8E ?>;CG5=8O 8 8AA;54>20=8O; 2KA>:><>;5:C;O@=K5 A>548=5=8O, ?@8<5=O5<K5 2 ?@>872>4AB25 :>68 8 <5E0; >A>15==>AB8 AB@>5=8O 8 A2>9AB20 15;:>2KE 25I5AB2; :>;;035=, :5@0B8= 8 4@C385 15;:8 H:C@K 682>B=>3>; D5@<5=BK.200!.07.1I0O E8<8G5A:0O B5E=>;>38O: E8<8G5A:>5 ?@>872>4AB2>; 85@0@E8G5A:0O >@30=870F8O ?@>F5AA>2 2 E8<8G5A:>< ?@>872>4AB25; :@8B5@88 >F5=:8 MDD5:B82=>AB8 ?@>872>4AB20; >1I85 70:>=><5@=>AB8 E8<8G5A:8E ?@>F5AA>2;?@><KH;5==K9 :0B0;87; E8<8G5A:85 @50:B>@K: >A=>2=K5 <0B5<0B8G5A:85 <>45;8 ?@>F5AA>2 2 E8<8G5A:8E @50:B>@0E, 87>B5@<8G5A:85 8 =587>B5@<8G5A:85 ?@>F5AAK 2 E8<8G5A:8E @50:B>@0E, ?@><KH;5==K5 E8<8G5A:85 @50:B>@K; E8<8:>-B5E=>;>38G5A:85 A8AB5<K (%"!): AB@C:BC@0 8 >?8A0=85 %"!, A8=B57 8 0=0;87 %"!, AK@L520O 8 M=5@35B8G5A:0O ?>4A8AB5<K %"!; M=5@38O 2 E8<8G5A:>< ?@>872>4AB25; 206=59H85 ?@><KH;5==K5 E8<8G5A:85 ?@>872>4AB20.100!.08.%8<8O 8 B5E=>;>38O :>68 8 <5E0: AB@>5=85 H:C@K 682>B=>3>; A2>9AB20 H:C@K, >1CA;02;820NI85 55 :0G5AB2> :0: AK@LO :>6525==>3> 8 <5E>2>3> ?@>872>4AB20; D0:B>@K >B :>B>@KE MB8 A2>9AB20 7028AOB; :;0AA8D8:0F8O :>6525==>3> 8 <5E>2>3> AK@LO; :>60 8 <5E; 8E >?@545;5=85; 8E :;0AA8D8:0F8O; E0@0:B5@8AB8:0 >A=>2=KE 284>2 :>68 8 <5E0; ?@>872>4AB2> :>68 8 <5E0 :0: A>2>:C?=>ABL 2708<>A2O70==KE E8<8G5A:8E (D878:>-E8<8G5A:8E) 8 <5E0=8G5A:8E ?@>F5AA>2 >?5@0F89; >A=>2=K5 ?0@0<5B@K 684:>AB=KE ?@>F5AA>2; ?>43>B>28B5;L=K5, 4C18;L=K5 8 >B45;>G=K5 ?@>F5AAK 8 >?5@0F88 :>6525==>3> 8 <5E>2>3> ?@>872>4AB20; =07=0G5=85; B5>@5B8G5A:85 >A=>2K 8 A?>A>1K 8E 2K?>;=5=8O; D0:B>@K, 2;8ONI85 =0 ?@>F5AAK; ?@8<5=O5<K5 E8<8G5A:85 <0B5@80;K; B5E=>;>38G5A:89 :>=B@>;L; 2>7<>6=K5 ?>@>:8 ?>;CD01@8:0B0; :0G5AB2> :>68 8 <5E0 8 <5B>4K >F5=:8; >BE>4K ?@>872>4AB20 8 8E 8A?>;L7>20=85; AB>G=K5 2>4K ?@>872>4AB20 8 8E >G8AB:0.380!.09.@>5:B8@>20=85, B5E=8G5A:>5 ?5@52>>@C65=85 8 @5:>=AB@C:F8O ?@54?@8OB89 >B@0A;8: @5:>=AB@C:F8O ?@54?@8OB89 >B@0A;8: >1>A=>20=85 8=65=5@=>3> @5H5=8O 2K1>@0 8 >@30=870F88 ?@>872>4AB20 >?@545;5==KE 284>2 :>68 8 <5E0; >1>A=>20=85 <5B>48:8 ?@>872>4AB20; 2K1>@ 8 @0AG5B ?>B@51=>AB8 AK@LO, >1>@C4>20=8O, <0B5@80;>2 8 M=5@388; AE5<K :>=B@>;O, :><?0=>2:0 >1>@C4>20=8O; >E@0==K5 <5@K; :>=AB@C:B82=K5 8 >1J5:B=>-?;0=8@>2>G=K5 @5H5=8O ?@>872>4AB25==KE :>@?CA>2, 04<8=8AB@0B82=KE 8 2A?><>30B5;L=KE ?><5I5=89; ?@>5:B8@>20=85 35=5@0;L=KE ?;0=>2 70AB@>9:8 ?@54?@8OB89; A?>A>1K 2K1>@0 8 @0AG5B0 A8AB5< 687=5>15A?5G5=8O.80!.10.2B><0B870F8O B5E=>;>38G5A:8E ?@>F5AA>2: A=>2=K5 ?>=OB8O C?@02;5=8O B5E=>;>38G5A:8<8 ?@>F5AA0<8; >A=>2K B5>@88 02B><0B8G5A:>3> C?@02;5=8O: 45:><?>78F8O A8AB5< C?@02;5=8O, AB0B8G5A:85 8 48=0<8G5A:85 E0@0:B5@8AB8:8 >1J5:B>2 8 725=L52 C?@02;5=8O, ?5@540B>G=K5 DC=:F88, B8?>2K5 48=0<8G5A:85 725=LO A8AB5< C?@02;5=8O; A8AB5<K 02B><0B8G5A:>3> @53C;8@>20=8O: AB0B8G5A:85 8 48=0<8G5A:85 E0@0:B5@8AB8:8 >1J5:B>2 C?@02;5=8O, ?5@5E>4=K5 ?@>F5AAK, 70?074K20=85 8 CAB>9G82>ABL A8AB5< @53C;8@>20=8O, >A=>2=K5 70:>=K C?@02;5=8O, @5;59=>5 @53C;8@>20=85; 4803=>AB8:0 E8<8:>-B5E=>;>38G5A:>3> ?@>F5AA0, <5B>4K 8 A@54AB20 4803=>AB8:8 :3>AC40@AB25==0O A8AB5<0 ?@81>@>2, M;5<5=BK <5B@>;>388, :>=B@>;L >A=>2=KE B5E=>;>38G5A:8E ?0@0<5B@>2; >A=>2K ?@>5:B8@>20=8O 02B><0B8G5A:8E A8AB5< C?@02;5=8O; B8?>2K5 A8AB5<K 02B><0B8G5A:>3> C?@02;5=8O 2 E8<8G5A:>9 ?@><KH;5==>AB8.50!.11.8AF8?;8=K A?5F80;870F89500 !.04.281100 "5E=>;>38O 8745;89 87 :>68!.01. 8AC=>:: >A=>2K 87>1@078B5;L=>9 3@0<>BK, ?@0:B8G5A:85 =02K:8 2 @8A>20=88 >1J5<=KE 35><5B@8G5A:8E B5;, ?@54<5B>2 1KB0 8 3@C??K ?@54<5B>2 =0 ?;>A:>AB8(1C<035), 38?A>2>9 D83C@K G5;>25:0 8 682>9 <>45;8; 2K?>;=5=85 :@0B:>2@5<5==KE 70@8A>2>: 8 =01@>A:>2 D83C@K; 2K?>;=5=85 3@0D8G5A:8E @8AC=:>2 @07;8G=>9 B@0:B>2:8: ;8=59=>5, ?OB=>2>5, 0E@><0B8G5A:>5, E@><0B8G5A:>5, >@=0<5=B0;L=>-45:>@0B82=>5 @5H5=85. 80!.02.A=>2K :><?>78F88: 3@0D8:0 MA:870, ?;0AB8:0 D>@<, A2>9AB20 8 A@54AB20 :><?>78F88-A8<<5B@8O, 0A8<<5B@8O, B>645AB2>, =N0=A, :>=B@0AB, :><?>78F8>==K9 F5=B@, <0AHB01=>ABL, ?@>?>@F88, @8B<; F25B, A2>9AB20 8 30@<>=8O F25B0 2 :><?>78F88. 50!.03.0B5@80;K 4;O >1C28 8 :>=D5:F8>=8@>20=85: A8AB5<0B8:0 8745;89 8 <0B5@80;>2, ?@8<5=O5<KE 4;O 873>B>2;5=8O >1C28 8 :>630;0=B5@58; 0AA>@B8<5=B >A=>2=KE, ?>4:;04>G=KE 8 ?@><56CB>G=KE <0B5@8- 0;>2 8E E0@0:B5@8AB8:8 A2>9AB2 4;O @07;8G=KE 284>2 >1C28 8 30;0=B5@59=KE 8745;89; >A=>2=K5 ?@8=F8?K 8 <5B>48:8 >1>A=>20=8O 8 2K1>@0 <0B5@80;>2 4;O >1C28 8 30;0=B5@59=KE 8745;89; <5B>4K >?@545;5=8O 8 >F5=:8 :0G5AB20 <0B5@80;>2 4;O >1C28; A5@B8D8:0F88 <0B5@80;>2 8 >1C28; >A=>2=K5 B5E=>;>38G5A:85 8 M:A?;C0B0F8>==K5 D0:B>@K 8 8E 2;8O=85 =0 AB@>5=85 8 A2>9AB20 <0B5@80;>2 2 ?@>872>4AB25 8 =>A:5 >1C28 8 30;0=B5@59=KE 8745;89; 2;8O=85 B5<?5@0BC@K, 2;06=>AB8, >?5@0F88 " 8 D>@<>20=8O =0 AB@C:BC@C 8 A2>9AB20 <0B5@80;>2. B5@<>AB>9:>ABL 8 B5?;>AB>9:>ABL <0B5@80;>2; D>@<>>1@07>20=85, D>@<>CAB>9G8-2>ABL <0B5@80;>2 8 ?0:5B>2 >1C28 8 30;0=B5@58; ?@>3=>78@>20=85 A2>9AB2 8 :0G5AB20 ?0:5B>2 <0B5@80;>2 8745;8O ?> ?>:070B5;O< A2>9AB2 8 :0G5AB20 8AE>4=KE <0B5@80;>2; ;01>@0B>@8O ?> 8A?KB0=8N <0B5@80;>2, 55 >A=>2=K5 7040G8,>1>@C4>20=85 ;01>@0B>@88. 96!.04."5E=>;>38O 8745;89 87 :>68: @07<5I5=85 H01;>=>2 ?@8 @0A:@>5 <0B5@80;>2; =>@<8@>20=85 8E 8A?>;L7>20=8O 8 @0AE>40; @570=85 <0B5@80;>2; D>@<>20=85 45B0;59 8745;89 87 :>68; <5E0=8G5A:85 A?>A>1K :@5?;5=8O 45B0;59; 383@>B5@<8G5A:85 ?@>F5AAK 2 ?@>872>4AB25 8745;89 87 :>68; :;552K5 A>548=5=8O 2 ?@>872>4AB25 8745;89 87 :>68; 873>B>2;5=85 45B0;59 8 C7;>2 8745;89 87 :>68 A ?@8<5=5=85< "'; <5B>4 ?@5AA>2>9 2C;:0=870F88 @578=>2>3> =870 =0 >1C28; ;8BL52K5 <5B>4K 2 ?@>872>4AB25 8745;89 87 :>68; >B45;>G=K5 ?@>F5AAK 2 ?@>872>4AB25 8745;89 87 :>68; ?@>5:B8@>20=85 B5E=>;>38G5A:>3> ?@>F5AA0 ?@>872>4AB20 >1C28 8 :>630;0=B5@59=KE 8745;89. 400!.05.>=AB@C8@>20=85 8745;89 87 :>68: >A=>2K 0=0B><88, 0=B@>?>;>388 8 18><5E0=8:8 8AE>4=K5 40==K5 4;O ?@>5:B8@>20=8O 8745;89 87 87 :>68; ?@>5:B8@>20=85 2=CB@5==59 D>@<K >1C28;8AB>@8O @0728B8O 8 :>=AB@C:B82=0O E0@0:B5@8AB8:0 8745;89 87 :>68; @01>B0 45B0;59 8745;89 87 :>68,>1>A=>20=85 8E D>@<K, @07<5@>2;H2K, A:@5?;ONI85 45B0;8 8745;89 87 :>68; <5B>4K ?@>5:B8@>20=8O 8 >A=>2=K5 ?>;>65=8O !  8745;89 87 :>68; 38385=8G5A:85 8 D878G5A:85 A2>9AB20 8745;89 87 :>68; B5E=8:>-M:>=><8G5A:0O E0@0:B5@8AB8:0 :>=AB@C:F89 8745;89 87 :>68; A5@89=>5 3@048@>20=85 H01;>=>2 45B0;59 8745;89 87 :>68; @07<5@=K9 0AA>@B8<5=B 8745;89 87 :>68. 250!.06 A=>2K ?5@5@01>B:8 ?>;8<5@=KE <0B5@80;>2: E8<8G5A:85 <5B>4K, ?@8<5=O5<K5 ?@8 873>B>2;5=88 8745;89 87 :>68; E8<8G5A:85 ?@>4C:BK 8 <0B5@80;K, 8A?>;L7C5<K5 2 >1C2=>9 ?@><KH;5==>AB8, >A>15==>AB8 8E ?5@5@01>B:8 2 ?@>F5AA0E >1C2=>3> ?@>872>4AB20. 50!.07.2B><0B870F8O B5E=>;>38G5A:8E ?@>F5AA>2: >A=>2=K5 ?>=OB8O B5E=8G5A:>9 :815@=5B8:8, >1 02B><0B8:5 8 02B><0B870F88, 8E 7=0G5=88 8 MDD5:B82=>AB8, >@30=870F8>==>-B5E=8G5A:85 ?@54?>AK;:8 02B><0B870F88, E0@0:B5@8AB8:8 8 :;0AA8D8:0F8O 02B><0B8G5A:8E A8AB5<, B5E=>;>38G5A:85 ?@>F5AAK :0: >1J5:BK C?@02;5=8O, @53C;OB>@K 8 70:>=K @53C;8@>20=8O, >A=>2=K5 M;5<5=BK 02B><0B8G5A:8E A8AB5< @53C;8@>20=8O (! ), M;5<5=BK B5>@88 02B><0B8G5A:>3> C?@02;5=8O, >A=>2K <5B@>;>388 8 B5E=8:8 87<5@5=89 (>A=>2=K5 87<5@8B5;L=K5 AE5<K, <5B>4K 8 ?@81>@K 4;O 02B><0B8G5A:>3> 87<5@5=8O 8 :>=B@>;O B5E=>;>38G5A:8E ?5@5<5==KE 2 >B@0A;8),?>=OB85 >1 02B><0B8G5A:8E A8AB5<0E C?@02;5=8O B5E=>;>38G5A:8<8 ?@>F5AA0<8 (!# ") 8 ?@>5:B8@>20=88 02B><0B8G5A:8E A8AB5< :>=B@>;O 8 @53C;8@>20=8O 2 >B@0A;8. 90!.08.@>5:B8@>20=85 >1C2=KE 8 :>630;0=B5@59=KE ?@54?@8OB89: B5E=8:>-M:>=><8G5A:>5 >1>A=>20=85 AB@>8B5;LAB20 8;8 @5:>=AB@C:F88 ?@54?@8OB8O; ?@5420@8B5;L=K9 @0AG5B ?@54?@8OB8O; ?@>5:B8@>20=85 @0A:@>9=KE 8 2K@C1>G=KE F5E>2; ?@>5:B8@>20=85 A1>@>G=KE F5E>2, A:;04>2 8 ?>4A>1=>-2A?><>30B5;L=KE F5E>2 >1C2=KE 8 :>630;0=B5@59=KE ?@54?@8OB89; @5:>=AB@C:F8O ?@54?@8OB89; A?5F80;L=K5 2>?@>AK >E@0=K >:@C60NI59 A@54K =0 >1C2=KE 8 :>630;0=B5@59=KE ?@54?@8OB8OE; >A=>2K ?@>5:B8@>20=8O ?@><KH;5==KE 740=89; >A=>2=K5 ?@8=F8?K ?@>5:B8@>20=8O 35=?;0=0; AB@>8B5;L=K5 <5@>?@8OB8O ?@8 @5:>=AB@C:F88 459AB2CNI8E ?@>872>4AB2; AB@>8B5;L=K5 <0B5@80;K; >A=>2K ?@>5:B8@>20=8O A0=8B0@=>9 B5E=8:8. 220!.09.1>@C4>20=85 ?@>872>4AB20 8745;89 87 :>68 8 >A=>2K ?@>5:B8@>20=8O >1>@C4>20=8O: >1I0O E0@0:B5@8AB8:0 B5E=>;>38G5A:>3> >1>@C4>20=8O, 53> :;0AA8D8:0F8O ?> 284C B5E=>;>38G5A:>3> ?@>F5AA0, AB5?5=8 03@530B8@>20=8O 8 02B><0B870F88; @01>G85 >@30=K 8 B5>@8O @01>BK >A=>2=KE B8?>2 B5E=>;>38G5A:>3> >1>@C4>20=8O ?@>872>4AB20 8745;89 87 :>68; A>2@5<5==K5 :>=AB@C:B82=K5 <>48D8:0F88 ?@>872>4AB25==KE <0H8= 8 03@530B>2 4;O ?@><5@0 8 @071@0:>2:8 <0B5@80;>2; @07<=>65=8O ;5:0;; @0A:@>O <0B5@80;>2; >1@01>B:8 45B0;59 @570=85<; 873>B>2;5=8O, >1@01>B:8 8 >B45;:8 45B0;59 25@E0 8 =870 >1C28; A:@5?;5=8O 45B0;59 =8B:0<8, A:;5820=85<, A20@:>9 A ?><>ILN "' 8 C;LB@072C:0; >1BO6:8 8 70BO6:8 703>B>2>: >1C28, D>@<>20=8O 8745;89 8 45B0;59 A60B85<; C2;06=5=8O 8 B5?;>2>9 >1@01>B:8 ?>;CD01@8:0B0; 2C;:0=870F88 =870 >1C28; 873>B>2;5=8O >1C28 8 55 45B0;59 <5B>4>< ;8BLO ?>4 402;5=85<; =07=0G5=85 8 <5B>4K 2K?>;=5=8O >A=>2=KE B5E=>;>38G5A:8E @53C;8@>2>: ?@><KH;5==>3> >1>@C4>20=8O; 2K1>@ >1>@C4>20=8O 8 >A=0AB:8 @01>G8E <5AB B5E=>;>38G5A:8E :><?;5:A>2 ?@>872>4AB20 >1C28 8 :>630;0=B5@58; =0?@02;5=8O A>25@H5=AB2>20=8O 8 02B><0B870F88 ?@>872>4AB25==>3> >1>@C4>20=8O, 02B><0B878@>20==K9 ?@82>4 B5E=>;>38G5A:8E <0H8= 8 03@530B>2, AB@C:BC@0 !# " ?@>872>4AB20 8745;89 87 :>68; >@30=870F8>==K5 8 =0CG=>-B5E=8G5A:85 ?@>1;5<K, 2>7=8:0NI85 ?@8 A>740=88 =>2>3> >1>@C4>20=8O 8 53> 8A?>;L7>20=8O 2 B5E=>;>38G5A:8E :><?;5:A0E ?@>872>4AB20 >1C28 8 :>630;0=B5@58; B@51>20=8O, ?@54JO2;O5<K5 : 2=>2L ?@>5:B8@C5<><C ?@>872>4AB25==><C >1>@C4>20=8N, <5B>4K 8 ?@85<K @07@01>B:8 B5E=8G5A:8E 7040=89 =0 ?@>5:B8@>20=85 >1>@C4>20=8O, >1I85 ?@028;0 ?>43>B>2:8 :>=AB@C:B>@A:>9 4>:C<5=B0F88 2 A>>B25BAB288 A !; @07@01>B:0 B5E=>;>38G5A:>9 AE5<K, F8:;>3@0<<K, AB@C:BC@=>9 AE5<K <0H8= 8 03@530B>2, ?@>5:B8@>20=85 8E <5E0=87<>2; ?@>5:B8@>20=85 B5E=>;>38G5A:>9 >A=0AB:8; >A>15==>AB8 ?@>5:B8@>20=8O 02B><0B>2 8 02B><0B878@>20==KE B5E=>;>38G5A:8E :><?;5:A>2 ?@>872>4AB20 8745;89 87 :>68. 170 !.00.8AF8?;8=K A?5F80;870F89 800!.05.281200 >=AB@C8@>20=85 8745;89 87 :>68!.01. 8AC=>:: >A=>2K 87>1@078B5;L=>9 3@0<>BK 8 ?@0:B8G5A:85 =02K:8 2 @8A>20=88 >1J5<=KE 35><5B@8G5A:8E B5;, ?@54<5B>2 8 3@C??K ?@54<5B>2 =0 ?;>A:>AB8 (1C<035); @8AC=>: D83C@K G5;>25:0 8 2K?>;=5=85 :@0B:>2@5<5==KE 70@8A>2>: 8 =01@>A:>2 D83C@K. 100!.02.%C4>65AB25==>-3@0D8G5A:0O :><?>78F8O: ?>7=0=85 >1@07=>-?;0AB8G5A:>9 8 >@=0<5=B0;L=>-:>=AB@C:B82=>9 AB@C:BC@K :>ABN<0 G5@57 ?@0:B8G5A:85 =02K:8 2K?>;=5=8O :><?>78F8>==KE @5H5=89 @07;8G=K<8 2K@078B5;L=K<8 EC4>65AB25==>-3@0D8G5A:8<8 A@54AB20<8. 100!.03.@E8B5:B>=8:0 >1J5<=KE D>@<: >1@07=>5 >1J5<=>-?@>AB@0=AB25==>5 <KH;5=85; ;5?:0 >1J5<=>9 D>@<K CA;>2=>9 <>45;8, ?5@5E>4 >B M;5<5=B0@=>3> ?>=8<0=8O :>ABN<0, :0: =01>@0 ?;>A:8E 45B0;59, : ?@>D5AA8>=0;L=>9 ?5@540G5 2 @50;L=>< >1J5:B5 >A=>2=KE 70:>=>2 :><?>78F88. 50!.04.>=D5:F8>=8@>20=85 <0B5@80;>2 8745;89 87 :>68: 0AA>@B8<5=B 2A?><>30B5;L=KE <0B5@80;>2 8 DC@=8BC@K, ?@8<5=O5<KE ?@8 873>B>2;5=88 >1C28 8 :>630;0=B5@58, E0@0:B5@8AB8:8 8E AB@>5=8O 8 A2>9AB2; >A=>2=K5 ?@8=F8?K 8 <5B>48:8 >1>A=>20=8O 8 2K1>@0 <0B5@80;>2 4;O 8745;89; B5>@5B8G5A:85 >A=>2K 8 ?@0:B8G5A:85 <5B>4K :>=D5:F8>=8@>20=8O <0B5@80;>2 4;O 8745;89, >A=>2=K5 :@8B5@88 ?>41>@0 <0B5@80;>2 2 ?0:5BK 8745;89; 2;8O=85 AB@C:BC@K 8 A2>9AB2 <0B5@80;0 =0 A2>9AB20 ?0:5B0 <0B5@80;>2, 8A?>;L7C5<KE 2 ?@>872>4AB25 8745;89 87 :>68; 2;8O=85 AB@C:BC@K 8 A2>9AB2 <0B5@80;0 =0 D>@<>>1@07>20=85 8 D>@<>CAB>9G82>ABL 45B0;59 >1C28 8 :>630;0=B5@58; <5B>4K 8A?KB0=8O A2>9AB2 ?0:5B>2 8 A8AB5< <0B5@80;>2; 2;8O=85 AB@C:BC@K 8 A2>9AB2 <0B5@80;0 ?@8 @0ABO65=88, 873815, B@5=88 8 4@., 53> D0:BC@K, 3@8D0, EC4>65AB25==>-:>;>@8AB8G5A:>3> >D>@<;5=8O =0 :>=AB@C:F8N 8 MAB5B8G5A:>5 2>A?@8OB85 8745;89; ?@>3=>78@>20=85 A2>9AB2 8 :0G5AB20 8745;89 ?> ?>:070B5;O< A2>9AB2 8 :0G5AB20 <0B5@80;>2 ?0:5B0 >1C28 8 :>630;0=B5@58.100!.05."5E=>;>38O 8745;89 87 :>68: @07<5I5=85 H01;>=>2 ?@8 @0A:@>5 <0B5@80;>2; =>@<8@>20=85 8E 8A?>;L7>20=8O 8 @0AE>40; @570=85 <0B5@80;>2; D>@<>20=85 45B0;59 8745;89 87 :>68; <5E0=8G5A:85 A?>A>1K :@5?;5=8O 45B0;59; 383@>B5@<8G5A:85 ?@>F5AAK 2 ?@>872>4AB25 8745;89 87 :>68; :;552K5 A>548=5=8O 2 ?@>872>4AB25 8745;89 87 :>68; 873>B>2;5- =85 45B0;59 8 C7;>2 8745;89 87 :>68 A ?@8<5=5=85< "'; <5B>4 ?@5AA>2>9 2C;:0=870F88 @578=>2>3> =870 =0 >1C28; ;8BL52K5 <5B>4K 2 ?@>872>4AB25 8745;89 87 :>68; >B45;>G=K5 ?@>F5AAK 2 ?@>872>4AB25 8745;89 87 :>68; ?@>5:B8@>20=85 B5E=>;>38G5A:>3> ?@>F5AA0 ?@>872>4AB20 >1C28 8 :>630;0=B5@59=KE 8745;89. 200!.06.>=AB@C8@>20=85 8745;89 87 :>68: =0CG=>-B5E=8G5A:85 ?@>1;5<K 8 ?5@A?5:B82K @0728B8O 2 >1;0AB8 ?@>5:B8@>20=8O >1C28 8 :>630;0=B5@59=KE 8745;89, >A=>2K 0=0B><88,0=B@>?>;>388 8 18><5E0=8:8- 8AE>4=K5 40==K5 4;O ?@>5:B8@>20=8O 8745;89 87 87 :>68; >A=>2=K5 =0CG=>-B5E=8G5A:85 ?@>1;5<K 2 >1;0AB8 ?@>5:B8@>20=8O 8745;89 87 :>68 ?5@A?5:B82K @0728B8O; 8AB>@8O @0728B8O 8 :>=AB@C:B82=0O E0@0:B5@8AB8:0 8745;89 87 :>68; @01>B0 45B0;59 8745;89 87 :>68, >1>A=>20=85 8E D>@<K, @07<5@>2; H2K, A:@5?;ONI85 45B0;8 8745;89 87 :>68; <5B>4K ?@>5:B8@>20=8O 8745;89 87 :>68; 38385=8G5A:85 8 D878G5A:85 A2>9AB20 8745;89 87 :>68; B5E=8:>-M:>=><8G5A:0O E0@0:B5@8AB8:0 :>=AB@C:F89 8745;89 87 :>68; A5@89=>5 3@048@>20=85 H01;>=>2 45B0;59 8745;89 87 :>68; @07<5@=K9 0AA>@B8<5=B 8745;89 87 :>68.400!.07.AB>@8O :>ABN<0 8 <>4K: MAB5B8G5A:85 D>@<K 8 :>=AB@C:F88 8AB>@8G5A:>3> 8 =0@>4=>3> :>ABN<0; C<5=85 ?>;L7>20BLAO 7=0=85< 8AB>@88 :>ABN<0 2 A2>59 B2>@G5A:>9 8 ?@0:B8G5A:>9 45OB5;L=>AB8 ?@8 @07@01>B:5 <>45;59 8 :>=AB@C:F89 A>2@5<5==>9 >4564K.  80!.08.><?>78F8O :>ABN<0: A>740=85 :><?>78F88 :>ABN<0 (<C6A:>3>, 65=A:>3>, <>;>456=>3>, 45BA:>3>), >A=>2=KE 0AA>@B8<5=B=KE 3@C?? 8 @07;8G=>3> =07=0G5=8O. 170!.09.A=>2K ?@8:;04=>9 0=B@>?>;>388 8 18><5E0=8:8: 0=0B><>D878>;>38G5A:85 >A=>2K AB@>5=8O 25@E=8E 8 =86=8E :>=5G=>AB59, >A8 8 ?;>A:>AB8 B5;0 G5;>25:0, 0=B@>?><5B@8O @C:8 8 =>38, >A=>2=K5 ?>;>65=8O 18><5E0=8:8 AB>?K. 90 !.10.1>@C4>20=85 ?@>872>4AB20 8745;89 87 :>68: >1I0O E0@0:B5@8AB8:0 B5E=>;>38G5A:>3> >1>@C4>20=8O ?@>872>4AB20 8745;89 87 :>68, 53> :;0AA8D8:0F8O ?> 284C B5E=>;>38G5A:>3> ?@>F5AA0; A>2@5<5==K5 :>=AB@C:B82=K5 <>48D8:0F88 ?@>872>4AB25==KE <0H8= >1C2=>3> ?@>872>4AB20; ?@8=F8? 459AB28O 8 <5B>4K A@02=8B5;L=>3> 0=0;870 A>2@5<5==>3> B5E=>;>38G5A:>3> >1>@C4>20=8O; =0?@02;5=8O A>25@H5=AB2>20=8O 8 02B><0B870F88 ?@>872>4AB25==>3> >1>@C4>20=8O, 02B><0B878@>20==K9 ?@82>4 B5E=>;>38G5A:8E <0H8= 8 03@530B>2. 90!.11.!  >1C28 8 30;0=B5@59=KE 8745;89: 02B><0B878@>20==>5 ?@>5:B8@>20=85, A8AB5<K 02B><0B878@>20==>3> ?@>5:B8@>20=8O (! ), AB@C:BC@=0O AE5<0 A:2>7=>9 A8AB5<K 02B><0B878@>20==>3> ?@>5:B8@>20=8O 2 >1C2=>< ?@>872>4AB25, B5E=8G5A:85 A@54AB20 ! , A?>A>1K >?8A0=8O 8 ?@54AB02;5=8O 2 - :>=BC@>2 45B0;59 8745;89, 8=B5@?>;OF8O 8 0??@>:A8<0F8O :>=BC@>2 45B0;59, ?@8<5@K @5H5=8O 7040G ?@>5:B8@>20=8O, @5H5=85 7040G @07<5I5=8O 45B0;59 =0 <0B5@80;5. 100!.12.>=AB@C:B>@A:>-B5E=>;>38G5A:0O ?>43>B>2:0 ?@>872>4AB20: AB@C:BC@=0O <>45;L :>=AB@C:B>@A:>9 ?>43>B>2:8 ?@>872>4AB20 >1C28, 55 <5AB> 2 C:@C?=5==>9 <>45;8 A8AB5<K >1C2=>3> ?@>872>4AB20, ?;0=8@>20=85 =>2>3> 0AA>@B8<5=B0, AB0488 ?@>872>4AB25==>3> MB0?0 ?;0=8@>20=8O :>;;5:F88 <>45;59, 0=0;87 :>=AB@C:F88 <>45;8 =0 B5E=>;>38G=>ABL, ?@>2545=85 ?@5420@8B5;L=KE 8A?KB0=89 >?KB=KE >1@07F>2, 873>B>2;5=85 :>=AB@C:B>@A:>9 4>:C<5=B0F88, :><?;5:A 7040G, @5H05<KE 2 ?@>F5AA5 2=54@5=8O =>2KE <>45;59 2 ?@>872>4AB2>, AB@C:BC@=0O <>45;L B5E=>;>38G5A:>9 ?>43>B>2:8 ?@>872>4AB20, ?>=OB85 >?B8<0;L=>3> B5E=>;>38G5A:>3> ?@>F5AA0, ?@>5:B8@>20=85 B5E=>;>38G5A:>3> ?@>F5AA0 ?> AB048O< >1C2=>3> ?@>872>4AB20, >A=>2=>5 A>45@60=85 8 >A>15==>AB8. 100!.13.@>5:B8@>20=85 B5E=>;>38G5A:>9 >A=0AB:8: ?>@O4>: 8 <5B>4K ?@>5:B8@>20=8O B5E=>;>38G5A:>9 >A=0AB:8, >A=0AB:0 4;O ?@840=8O 2=CB@5==59 D>@<K 8745;8N, 4;O D>@<>20=8O 45B0;59 8 8745;89 87 @578=K 8 ?;0AB8G5A:8E <0AA, >A=0AB:0 4;O D>@<>20=8O A60B85< 8 @0ABO65=85<, @0A:@>O 8 >1@01>B:8 <0B5@80;>2 @570=85<, >A=0AB:0 4;O A:@5?;5=8O 8 ?@8:@5?;5=8O 45B0;59, >A=0AB:0 4;O :>=B@>;O ?@028;L=>AB8 2K?>;=5=8O >?5@0F89 8 3>B>2KE 8745;89, 2>?@>AK @0F8>=0;L=>9 >@30=870F88 ?@>5:B8@>20=8O 8 M:A?;C0B0F88 B5E=>;>38G5A:>9 >A=0AB:8. 100 !.008AF8?;8=K A?5F80;870F89 526$".00$0:C;LB0B82=K5 48AF8?;8=K 450$".01>5==0O ?>43>B>2:0 450 A53> G0A>2 B5>@5B8G5A:>3> >1CG5=8O 8262 5. !  !/ !+%  ",+%      . "  +% !&!" 656100 "%/  !" #     +(!" 5.1. !@>: >A2>5=8O >A=>2=KE >1@07>20B5;L=KE ?@>3@0<< 8=65=5@0 ?@8 >G=>9 D>@<5 >1CG5=8O A>AB02;O5B 260 =545;8, 2 B>< G8A;5: "5>@5B8G5A:>5 >1CG5=85, 2:;NG0O =0CG=>-8AA;54>20B5;LA:CN @01>BC ABC45=B>2,?@0:B8:C<K, 2 B>< G8A;5 ;01>@0B>@=K5 153 =545;8 -:70<5=0F8>==K5 A5AA88 =5 <5=55 23 =545;L @0:B8:8 =5 <5=55 26 =545;L 2 B>< G8A;5: CG51=0O 12 =545;L ?@>872>4AB25==0O 8 =545;L ?@5448?;><=0O 6 =545;L B>3>20O 3>AC40@AB25==0O 0BB5AB0F8O, 2:;NG0O ?>43>B>2:C 8 70I8BC 2K?CA:=>9 :20;8D8:0F8>==>9 @01>BK =5 <5=55 16 =545;L 0=8:C;K (2:;NG0O 8 =545;L ?>A;548?;><=>3> >B?CA:0) =5 <5=55 38 =545;L. 5.2. ;O ;8F, 8<5NI8E A@54=55 (?>;=>5) >1I55 >1@07>20=85, A@>:8 >A2>5=8O >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K ?>43>B>2:8 8=65=5@0 ?> >G=>-70>G=>9 (25G5@=59) 8 70>G=>9 D>@<0< >1CG5=8O, 0 B0:65 2 A;CG05 A>G5B0=8O @07;8G=KE D>@< >1CG5=8O C25;8G820NBAO 2C7>< 4> >4=>3> 3>40 >B=>A8B5;L=> =>@<0B82=>3> A@>:0, CAB0=>2;5==>3> ?.1.3 =0AB>OI53> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0. 5.3. 0:A8<0;L=K9 >1J5< CG51=>9 =03@C7:8 ABC45=B0 CAB0=02;8205BAO 54 G0A0 2 =545;N, 2:;NG0O 2A5 284K 53> 0C48B>@=>9 8 2=50C48B>@=>9 (A0<>AB>OB5;L-=>9) CG51=>9 @01>BK. 5.4. 1J5< 0C48B>@=KE 70=OB89 ABC45=B0 ?@8 >G=>9 D>@<5 >1CG5=8O =5 4>;65= ?@52KH0BL 2 A@54=5< 70 ?5@8>4 B5>@5B8G5A:>3> >1CG5=8O 27 G0A>2 2 =545;N. @8 MB>< 2 C:070==K9 >1J5< =5 2E>4OB >1O70B5;L=K5 ?@0:B8G5A:85 70=OB8O ?> D878G5A:>9 :C;LBC@5 8 70=OB8O ?> D0:C;LB0B82=K< 48AF8?;8=0<. 5.5. @8 >G=>-70>G=>9 (25G5@=59) D>@<5 >1CG5=8O >1J5< 0C48B>@=KE 70=OB89 4>;65= 1KBL =5 <5=55 10 G0A>2 2 =545;N. 5.6. @8 70>G=>9 D>@<5 >1CG5=8O ABC45=BC 4>;6=0 1KBL >15A?5G5=0 2>7<>6=>ABL 70=OB89 A ?@5?>4020B5;5< 2 >1J5<5 =5 <5=55 160 G0A>2 2 3>4, 5A;8 C:070==0O D>@<0 >A2>5=8O >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K ( A?5F80;L=>AB8 ) =5 70?@5I5=0 A>>B25BAB2CNI8< ?>AB0=>2;5=85< @028B5;LAB20 >AA89A:>9 $545@0F88. 5.7. 1I89 >1J5< :0=8:C;O@=>3> 2@5<5=8 2 CG51=>< 3>4C 4>;65= A>AB02;OBL 7-10 =545;L, 2 B>< G8A;5 =5 <5=55 42CE =545;L 2 78<=89 ?5@8>4. 6." /   "  #!/ & !+%  ",+%      . "   !&!"  "%/  !" #     +(!" 6.1. "@51>20=8O : @07@01>B:5 >A=>2=KE >1@07>20B5;L=KE ?@>3@0<< ?>43>B>2:8 8=65=5@0 6.1.1. KAH55 CG51=>5 702545=85 A0<>AB>OB5;L=> @07@010BK205B 8 CB25@6405B >A=>2=CN >1@07>20B5;L=CN ?@>3@0<<C 8 CG51=K9 ?;0= 2C70 4;O ?>43>B>2:8 8=65=5@0 =0 >A=>25 =0AB>OI53> 3>AC40@AB25==>3> >1@07>20B5;L=>3> AB0=40@B0. 8AF8?;8=K ?> 2K1>@C ABC45=B0 O2;ONBAO >1O70B5;L=K<8, 0 D0:C;LB0B82-=K5 48AF8?;8=K, ?@54CA<0B@8205<K5 CG51=K< ?;0=>< 2KAH53> CG51=>3> 702545=8O, =5 O2;ONBAO >1O70B5;L=K<8 4;O 87CG5=8O ABC45=B><. C@A>2K5 @01>BK (?@>5:BK) @0AA<0B@820NBAO :0: 284 CG51=>9 @01>BK ?> 48AF8?;8=5 8 2K?>;=ONBAO 2 ?@545;0E G0A>2, >B2>48<KE =0 55 87CG5=85. > 2A5< 48AF8?;8=0< D545@0;L=>3> :><?>=5=B0 8 ?@0:B8:0<, 2:;NG5==K< 2 CG51=K9 ?;0= 2KAH53> CG51=>3> 702545=8O, 4>;6=0 2KAB02;OBLAO 8B>3>20O >F5=:0 (>B;8G=>, E>@>H>, C4>2;5B2>@8B5;L=>). 6.1.2. @8 @07@01>B:5 >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K 2KAH55 CG51=>5 702545=85 8<55B ?@02>: -87<5=OBL >1J5< G0A>2, >B2>48<KE =0 >A2>5=85 CG51=>3> <0B5@80;0 4;O F8:;>2 48AF8?;8=,- 2 ?@545;0E 5%, 4;O 48AF8?;8=, 2E>4OI8E 2 F8:;,- 2 ?@545;0E 10%; -D>@<8@>20BL F8:; 3C<0=8B0@=KE 8 A>F80;L=>-M:>=><8G5A:8E 48AF8?;8=, :>B>@K9 4>;65= 2:;NG0BL 87 >48==04F0B8 107>2KE 48AF8?;8=, ?@82545==KE 2 =0AB>OI5< 3>AC40@AB25==>< >1@07>20B5;L=>< AB0=40@B5, 2 :0G5AB25 >1O70B5;L=KE A;54CNI85 4 48AF8?;8=K:  =>AB@0==K9 O7K: (2 >1J5<5 =5 <5=55 340 G0A>2),  $878G5A:0O :C;LBC@0 (2 >1J5<5 =5 <5=55 408 G0A>2),  B5G5AB25==0O 8AB>@8O ,  $8;>A>D8O . AB0;L=K5 107>2K5 48AF8?;8=K <>3CB @50;87>2K20BLAO ?> CA<>B@5=8N 2C70. @8 MB>< 2>7<>6=> 8E >1J548=5=85 2 <5648AF8?;8=0@=K5 :C@AK ?@8 A>E@0=5=88 >1O70B5;L=>3> <8=8<C<0 A>45@60=8O. A;8 48AF8?;8=K O2;ONBAO G0ABLN >1I5?@>D5AA8>=0;L=>9 8;8 A?5F80;L=>9 ?>43>B>2:8 (4;O 3C<0=8B0@=KE 8 A>F80;L=>-M:>=><8G5A:8E =0?@02;5=89 ?>43>B>2:8 (A?5F80;L=>AB59), 2K45;5==K5 =0 8E 87CG5=85 G0AK <>3CB ?5@5@0A?@545;OBLAO 2 @0<:0E F8:;0; -70=OB8O ?> 48AF8?;8=5 "$878G5A:0O :C;LBC@0" ?@8 >G=>-70>G=>9 (25G5@- =59), 70>G=>9 D>@<0E >1CG5=8O 8 M:AB5@=0B5 <>3CB ?@54CA<0B@820BLAO A CG5B>< ?>65;0=8O ABC45=B>2; ->ACI5AB2;OBL ?@5?>4020=85 3C<0=8B0@=KE 8 A>F80;L=>-M:>=><8G5A:8E 48AF8?;8= 2 D>@<5 02B>@A:8E ;5:F8>==KE :C@A>2 8 @07=>>1@07=KE 284>2 :>;-;5:B82=KE 8 8=48284C0;L=KE ?@0:B8G5A:8E 70=OB89, 7040=89 8 A5<8=0@>2 ?> ?@>3@0<<0<, @07@01>B0==K< 2 A0<>< 2C75 8 CG8BK20NI8< @538>=0;L=CN, =0F8>-=0;L=>-MB=8G5A:CN, ?@>D5AA8>=0;L=CN A?5F8D8:C, 0 B0:65 =0CG=>-8AA;54>20-B5;LA:85 ?@54?>GB5=8O ?@5?>4020B5;59, >15A?5G820NI8E :20;8D8F8@>20==>5 >A25I5=85 B5<0B8:8 48AF8?;8= F8:;0; -CAB0=02;820BL =5>1E>48<CN 3;C18=C ?@5?>4020=8O >B45;L=KE @0745;>2 48AF8?;8= , 2E>4OI8E 2 F8:;K >1I8E 3C<0=8B0@=KE 8 A>F80;L=>-M:>=><8G5A:8E, <0B5<0B8G5A:8E 8 5AB5AB25==>=0CG=KE 48AF8?;8=, 2 A>>B25BAB288 A ?@>D8;5< A?5F80;L=KE 48AF8?;8=; @50;87C5<KE 2C7><; -CAB0=02;820BL 2 A>>B25BAB2CNI5< ?>@O4:5 =08<5=>20=85 A?5F80;870F89, =08<5=>20=85 48AF8?;8= A?5F80;870F89, 8E >1J5< 8 A>45@60=85, 0 B0:65 D>@<C :>=B@>;O 8E >A2>5=8O ABC45=B0<8; -@50;87>2K20BL >A=>2=CN >1@07>20B5;L=CN ?@>3@0<<C ?>43>B>2:8 8=65=5@0 2 A>:@0I5==K5 A@>:8 4;O ABC45=B>2 2KAH53> CG51=>3> 702545=8O, 8<5NI8E A@54=55 ?@>D5AA8>=0;L=>5 >1@07>20=85 A>>B25BAB2CNI53> ?@>D8;O 8;8 2KAH55 ?@>D5AA8>=0;L=>5 >1@07>20=85. !>:@0I5=85 A@>:>2 ?@>2>48BAO =0 >A=>25 0BB5AB0F88 8<5NI8EAO 7=0=89, C<5=89 8 =02K:>2 ABC45=B>2, ?>;CG5==KE =0 ?@54K4CI5< MB0?5 ?@>D5AA8>=0;L=>3> >1@07>20=8O. @8 MB>< ?@>4>;68B5;L=>ABL A>:@0I5==KE A@>:>2 >1CG5=8O 4>;6=0 A>AB02;OBL =5 <5=55 B@5E ;5B. 1CG5=85 2 A>:@0I5==K5 A@>:8 4>?CA:05BAO B0:65 4;O ;8F, C@>25=L >1@07>20=8O 8;8 A?>A>1=>AB8 :>B>@KE O2;ONBAO 4;O MB>3> 4>AB0B>G=K< >A=>20=85<. 6.2."@51>20=8O : :04@>2><C >15A?5G5=8N CG51=>3> ?@>F5AA0 50;870F8O >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K ?>43>B>2:8 48?;><8@>20==>3> A?5F80;8AB0 4>;6=0 >15A?5G820BLAO ?5403>38G5A:8<8 :04@0<8, 8<5NI8<8, :0: ?@028;>, 107>2>5 >1@07>20=85, A>>B25BAB2CNI55 ?@>D8;N ?@5?>40205<>9 48AF8?;8=K 8 A8AB5<0B8G5A:8 70=8<0NI8<8AO =0CG=>9 8/8;8 =0CG=>-<5B>48G5A:>9 45OB5;L=>ABLN; ?@5?>4020B5;8 A?5F80;L=KE 48AF8?;8=, :0: ?@028;>, 4>;6=K 8<5BL CG5=CN AB5?5=L 8/8;8 >?KB 45OB5;L=>AB8 2 A>>B25BAB2CNI59 ?@>D5AA8>=0;L=>9 AD5@5. 6.3 "@51>20=8O : CG51=>-<5B>48G5A:><C >15A?5G5=8N CG51=>3> ?@>F5AA0 #G51=>-<5B>48G5A:>5 >15A?5G5=85 CG51=>3> ?@>F5AA0 ?> :064>9 48AF8?;8=5 4>;6=> A>45@60BL ?5@5G5=L >A=>2=KE ;01>@0B>@=KE 8 ?@0:B8G5A:8E @01>B, >15A?5G5==KE =5>1E>48<>9 <0B5@80;L=>9, <5B>48G5A:>9 8 8=D>@<0F8>==>9 107>9, ?>72>;ONI59 25AB8 ?>43>B>2:C 2KA>:>:20;8D8F8@>20==KE A?5F80;8AB>2, 2 B>< G8A;5, ?5@5G5=L ?@>D5AA8>=0;L=> 206=KE 6C@=0;>2, @5D5@0B82=KE 6C@=0;>2, =0CG=>9 ;8B5@0BC@K; A2545=8O > =0;8G88 8=D>@<0F8>==KE 107 8 4>ABC?5 : @07;8G=K< A5B52K< 8AB>G=8:0< 8=D>@<0F88. 50;870F8O >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K ?>43>B>2:8 8=65=5@0 4>;6=0 >15A?5G820BL 4>ABC? :064>3> ABC45=B0 : 181;8>B5G=K< D>=40< 8 1070< 40==KE, ?> A>45@60=8N A>>B25BAB2CNI8E ?>;=><C ?5@5G=N 48AF8?;8= >A=>2=>9 >1@07>20B5;L=>9 ?@>3@0<<K, =0;8G85< <5B>48G5A:8E ?>A>189 8 @5:><5=40F89 : =8< ?> 2A5< 48AF8?;8=0< 8 ?> 2A5< 2840< 70=OB89- ?@0:B8:C<0<, :C@A>2><C 8 48?;><=><C ?@>5:B8@>20=8N, ?@0:B8:0<, 0 B0:65 =03;O4=K<8 ?>A>18O<8, 0C48>-, 2848>- 8 <C;LB8<5489=K<8 <0B5@80;0<8 8 4@C38<8 D>@<0<8 8=D>@<0F8>==KE B5E=>;>389. 81;8>B5G=K9 D>=4 4>;65= A>45@60BL A;54CNI85 6C@=0;K: 53:0O ?@><KH;5==>ABL. !2>4=K9 B><. 5D5@0B82=K9 6C@=0;. -:>=><8:0 ?@><KH;5==>AB8. 5D5@0B82=K9 6C@=0;. %8<8O. !2>4=K9 B><. 5D5@0B82=K9 6C@=0;. @30=870F8O C?@02;5=8O. 5D5@0B82=K9 6C@=0;. !B0=40@BK 8 :0G5AB2>. 0456=>ABL 8 :>=B@>;L :0G5AB20. (259=0O ?@><KH;5==>ABL. "5:AB8;L=0O ?@><KH;5==>ABL. >6525==>->1C2=0O ?@><KH;5==>ABL. 5E0 <8@0. 02>4A:0O ;01>@0B>@8O. KA>:>-<>;5:C;O@=K5 A>548=5=8O. 0H8=K 8 >1>@C4>20=85 4;O ;53:>9 8 ?8I52>9 ?@><KH;5==>AB8. !5@8O. Step. Journal of the American Leather Chemists Association. La revue technique des industries du cuir. Schuh technik. Das Leder. Shoemaker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l@@8AAAhBB,CCCPDD$EEEDFFGpGG,H|HH$$IflF9!R0    4 lalnHR}wwnw $$Ifa$$Ifkd ?$$IflF9!R0    4 lalRTb}wwww$Ifkd?$$IflF9!R0    4 lal0 2 b d   * ,   >@46rtJL^nDH`H`fjH"`""""$X'p''',---///006122ݻݻݻݻݻ賨ݻݻݻݻh9h`@mHsHh`@mHsHh9h`@5CJhh`@5CJhh`@5CJhmH sH h`@CJhmH sH h9h`@CJh h`@CJh`@CJNH@}www$Ifkdk@$$IflF9!R0    4 lalLN $$Ifa$$If]kdA$$If(4F9!R    4 (alf4NP^rFP}wnnw $$Ifa$$IfkdA$$IflF9!R0    4 lalPR`FP}wnnw $$Ifa$$IfkdhB$$IflF9!R0    4 lalPR`hp}wnnw $$Ifa$$IfkdC$$IflF9!R0    4 lalprH"P"}wnnw $$Ifa$$IfkdC$$IflF9!R0    4 lalP"R"`""$V'`'}wndnw $If` $$Ifa$$Ifkd{D$$IflF9!R0    4 lal`'b'p''--}wnnw $$Ifa$$Ifkd,E$$IflF9!R0    4 lal----~///}wnnnw $$Ifa$$IfkdE$$IflF9!R0    4 lal////00}wnnw $$Ifa$$IfkdF$$IflF9!R0    4 lal00022}wnw $$Ifa$$Ifkd?G$$IflF9!R0    4 lal2222266}{ullu $$Ifa$$IfkdG$$IflF9!R0    4 lal222226666: :8::====>>?????J@X@DDDlDDDEpErExEF G>N6QUVVWWXYۀh9h`@mHsHh`@5CJhmH sH h`@5CJh h`@CJhh`@5CJhh`@5OJQJhmH sH h`@5CJhmH sH h`@CJNH h`@CJh9h`@CJhh9h`@5CJhh`@CJhmH sH h`@.666:(:}wnw $$Ifa$$IfkdH$$IflF9!R0    4 lal(:*:8::??}wwnw $$Ifa$$IfkdRI$$IflF9!R0    4 lal???X@DD}wwnw $$Ifa$$IfkdJ$$IflF9!R0    4 lalDD*D\DjD}www$IfkdJ$$IflF9!R0    4 laljDlDzDDD$If$If]kdeK$$If(4F9!R    4 (alf4DDDDD}www$IfkdL$$IflF9!R0    4 lalDDEpErEtEvEEHFFG GH}{{uoooooo{u^`kdL$$IflF9!R0    4 lal HIrIIJLLL MMMN6Q:QRRTTUUX XYYYY^ ^``YRZZZZb[[[`]^_lana,b\ci>npww<{>$$ZZ[Բ,bݳܳffgg46iijjwwxxyyz24<{>{{{\ƻޙ껎}h9h`@CJh`@CJNHh9h`@OJQJ h`@CJh`@NHhmHsHh`@hmHsHh`@mHsHh9h`@mHsHh`@CJhmH sH h`@5CJhmH sH h9h`@5CJhh9h`@CJhh9h`@5CJh1>{{{4*b*&|ƈȈN`  @0 1$^\^ބ 04(&|ˆȈnp.0ǹǯǯǯǯǯsh9h`@56>*CJhh`@NHhmHsHh`@hmHsHh9h`@5>*CJhh9h`@5CJhh9h`@CJhh9h`@CJhmHsHh`@CJhmH sH h9h`@CJmH sH h`@CJmH sH h9h`@CJ h`@CJh`@CJNH,Npr(<@lNȜԝ^$S`Sa$  @0 1$`^(@NȜ"$0ŸXܡޡBDF\^̮Ź빙}qd[RK[ h`@CJhh`@5CJhh`@6CJhh`@6CJhmH sH h9h`@6CJhh`@5CJhmH sH h`@CJhmH sH h`@h`@mHsHh9h`@5>*CJhh9h`@mHsHh9h`@5CJhh9h`@5CJhh`@NHhmHsHh`@hmHsH h`@CJh9h`@CJhh9h`@OJQJԝ">ŸXޡLܤFBD\^̮LN$`a$`^̮N NXZbhNfhLTVZ\`bfhlnz|ӹޠ{{{{qkq h`@0Jjh`@0JUh-]jh-]Uh9h`@OJQJhh9h`@56CJhh9h`@5CJhh`@5CJhmH sH h`@OJQJmH sH h`@CJNH h`@CJh`@CJhmH sH h9h`@CJhh`@6CJh h`@CJhh`@mHsH)N. ~N@fhLNh$`a$`  @0 1$$a$`hjNPLRTXZ^`dfjlh]h&`#$`|~ h`@CJh-]ha0JmHnHuh`@ h`@0Jjh`@0JUh`@0JmHnHu (/ =!"#$% $$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l4>0555R/ / 4alf4$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l0555R/ / 4al$$Ifl!vh555R#v#v#vR:V l40555R/ 4alf4$$Ifl!vh555R#v#v#vR:V l40555R4alf4$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V (r t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V ( t0555R44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (555R/ 44 (al$$If(!vh555R#v#v#vR:V (4555R/ 44 (alf4$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$If(!vh555R#v#v#vR:V (4555R/ 44 (alf4$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$If(!vh555R#v#v#vR:V (4555R/ 44 (alf4$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$If(!vh555R#v#v#vR:V (4555R/ 44 (alf4$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al$$If(!vh555R#v#v#vR:V (4555R/ 44 (alf4$$Ifl!vh555R#v#v#vR:V l0555R4al$$Ifl!vh555R#v#v#vR:V l0555R4al^ 2 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmHnHsHtH:`: 1KG=K9_HmHsHtHb@b  03>;>2>: 1$ x@&^ 5OJQJhmH sH tHu\\  03>;>2>: 2$$@&`a$CJhmH sH tHuJ@J  03>;>2>: 3$$@&`a$CJb@b  03>;>2>: 4$L@&^L5OJQJhmH sH tHuhh  03>;>2>: 5!$ `P"%1$@&^CJOJQJhtHuVV  03>;>2>: 6$dx@&` 5OJQJD@D  03>;>2>: 7$@& CJOJQJP@P  03>;>2>: 8$x@&` CJOJQJf f  03>;>2>: 9 $noo@&^nCJOJQJhmH sH tHuBA`B A=>2=>9 H@8DB 0170F0\i@\ 1KG=0O B01;8F0 :V 44 la .k . 5B A?8A:0 J @J 86=89 :>;>=B8BC;  9r .Z. "5:ABOJQJvP@v A=>2=>9 B5:AB 2&$ @0 1$a$CJOJQJhtHuvQ"v A=>2=>9 B5:AB 3&$ @0 1$a$CJOJQJhtHuXB2X A=>2=>9 B5:AB$Sdh`Sa$ CJOJQJ4)@A4 ><5@ AB@0=8FKtCRt A=>2=>9 B5:AB A >BABC?><^CJOJQJhmH sH u|Rb| A=>2=>9 B5:AB A >BABC?>< 2!&]!`&OJQJhmH sH tHuvS@rv A=>2=>9 B5:AB A >BABC?>< 3$`a$CJhmH sH tHuJJ $[dh][`a$CJhtHu 703>;>2>: 2P$1$d ;`Pp 00!CJNN 703>;>2>: 8$$ 1$a$CJPK![Content_Types].xmlj0Eжr(΢Iw},-j4 wP-t#bΙ{UTU^hd}㨫)*1P' ^W0)T9<l#$yi};~@(Hu* Dנz/0ǰ $ X3aZ,D0j~3߶b~i>3\`?/[G\!-Rk.sԻ..a濭?PK!֧6 _rels/.relsj0 }Q%v/C/}(h"O = C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_6LR7`0̞O,En7Lib/SeеPK!kytheme/theme/themeManager.xml M @}w7c(EbˮCAǠҟ7՛K Y, e.|,H,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+& 8PK!Ƶtheme/theme/theme1.xmlYnE#;8U i-qN3'JH DA\8 R>CW]{'ސ{g?x݈]"$q+_,y>8{7 K }xLވHe 2{Rܜaˋ??<ߟdžSr$L].<İT̟72S"ѵ_JwL&BJ05kZVyVy|xC OO|x>+<>@(:??/>5{yxFDdm 3^q5'=q6nib-$RB}}YGq=xK@;)^qbha79g . pUʹ;bbmc[$c'a}5KKfH5HL!ݦ&|mK{N6M6hq v|y 58+zH  *~ HHy\K*t@G>{sA}"))y sGfۡqǾ'w E1 [8>ܤ4Aбt׎~ls14_>,Ȭ7TT GqME=w-i>mo[oiBszbP:j5if F 9Pɉ* k\ A ;!N`.{I SցD p3˅5veU}AbvyA/g 氚 Z N+lR~aeԩj9&&CLgMʼn7a A0ƀHEA3~{q q1vƨl効9)>൜fN1N FIrdq8Y^:_73.|3 f%Jش?MOY s 3;} Rc0`d[鯠$ÿ - έhǴ"P 6T{TUٴ+9E28Y*MOt0O9Bݍqg7Ŕ9O)z?7#]u rBIHAאTpl>՟,SpT4@~BA%}'0+{eRF&rĪ#uu\{BHuM6`pG}N+!'_oN콶3a3dXZzCyCUɪ嶂ZZZ۱f,fAg-@`g v6V?Dhf6t=M&ʺ6ײ'݉#֚>d8s9xN=ڮjAv11;u2%M2oN1uo%տPK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 +_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!Ƶtheme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] Ҟ t &&&)Bnc80\2G`wCv2Y\̮| &02469D 65jL^V``&amsndl8 (H " &29M TkoFt}"~~RR4ڊ x>P?IFLLNPR"Zb\k^mnvy8ĉ2V,ȯּn B0RNPPpP"`'-/026(:?DjDDDHY>{NԝNh          !"#$%'()*+,-./13578  ")!!8@0(  B S  ?ڜq) - - V>ADBӞ\>AJBӞC*urn:schemas-microsoft-com:office:smarttagsmetricconverter ا- 1917 31991 31993 32000 323 ProductID&'06?ALMUVablmvx-.6[op~ ,-237       " 2 A C D E P q " ****yrzrrrrrrrrrrrrrrruuuu$u%uwwwwwwwwwwwwwwwwwwwwwwwwxx xxxxxxx x&x(x2x3xmqtv{ ±ıDZɱѱӱޱ߱ٳܳ߳!#.09:ַڷܷ޷}غٺںۺ UW[^cf"%*,^_fiopQSVX]^cfhjop#$+,36;<UVabpruw|} ,-2345?@JMPRWX_`jkwxyztu}~ /@AGHLM 23%LTU[\+,13@AFG    2368=>DEFGMN`aknyz *+/01268@AFIRS!"12;>""""""######'''')))),,,,----000000"3%3(3*3/313::::::::::6;9;?;;!<$<'<)<.<0<'=)=.=0===>=F=G=K=M=U=V=n=o=w=x=2>5>7>9>>>@>'B)B.B0B:B;BBBCBEBFBJBMBWBXB`BaBDDDDDDDDDDDDDDDDuGvG~GGGGGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHIIIIII(I*I2I3IAIBIGIHIIIJITIUI_IbIeIgIlInIIJLJQJSJ_J`JlJmJtJuJwJxJ|JJJJJJELHLJLLLQLSLWLXL]L^L_L`LmLnLuLwLLLLL NNNNNN:N;NENFNRNTN_N`NfNgNPPPPPP Q QQQ$Q,Q3Q4Q5Q6QS S SSSSST[\^^^^^^^^^^^______'_(_7_8_A_D_K_L_P_Q_U_V_Y_Z_d_e_m_n_p_q_w_x_________aaaaaaaaaaaaaaaab bbbbbb b%b&b+b-b6b7b9b:bBbCbKbLbVbWbZb[babbbmbnbobpbxbyb{bbbbbbbeeelllllnrrrrr ss:s@sBsKsisosssssssssssssstttt t!t/t1tBtCtQtStWtXt\t^tgthtstuttttttttttttuuuuu%u&u)u*u4u5u7u8uuCuDuKuQuVuduguiusutuuuvuuuuuuuuuuuuvvNxX}~  ()9:@CRSZ\ghop}~Ɂʁځہ"#/079C'3M\-.1?Þ͞ϞϞӞw qq!!!!##(())+)y){)))**//\227,9a:<B=C=F=Q=>>նٹձKLNPT,0XZZ\\帿%cղkk泾mooqrrrt3~ͭ45676789܆<=>?ړ0n+,-.mo:H* άϬЬѬ  ʶ̶13*,ӽս>F Wc[FH})8/7  Y89Zce]qruw.0lnuzs   8fh`b8c!e!{"O#$%I'K''()s*u*//023t5u5]78:p>#EEGGձP,(ݳղݲ{{||~~6ʍ՝О3333333333+++0,,,2255G8QQXX_ijciiqqıܳ0ڷκ W,81y (7C^S_S_fq r~MY]h$m Egs3?  p  ]"h"Q#\#e'p'))l,w,m-x-u00%313:/;$<0<$=0=5>@>$B0BDDGGHHbInIGJSJHLSLNNPP ST^^_aabuWwÞ͞ӞОӞa`@-]9#@p,ҞPP P*P2P8P`PPTP>UnknownG* Times New Roman5Symbol3. * Arial?= * Courier NewACambria Math"1e((Cf=`2=`24dםם2HP ?92!xx/ !" !"  / !!! $ & FC=0<8 www.PHILka.RUOh+'0 , L X d p|0 Normalwww.PHILka.RU2Microsoft Office Word@F#@+@Rxz@Rxz2=`՜.+,0 hp|   ם 0    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`acdefghijklmnopqrstuvwxyz{|}~Root Entry FzData ;bM1Tableb|QWordDocument*tSummaryInformation(DocumentSummaryInformation8CompObjy  F' Microsoft Office Word 97-2003 MSWordDocWord.Document.89q