文档内容
!"#&’&($!&%&’()*+,-.
! "
!!
$%&’%
!)!"#$%!&’%&&"’(!&’%)’
&)*+,&&-./012345(6&789:;<*+=3>?@A’
*)BC*D<*+=EFG&*?@AB@CDE@A’
!
"#$%&#’()&%*+,(%$-.&%/0$1"
/01234567725829:;25<:96=56->7<5?2<+<9=@7A96B72=226>22C7I2I3A5<967@BJ697B:K757BC)/72IB<57BC
7@<23=@2377@B->B<9D56K237@4BC7)/7C>2C705>23C<237B9C7@BL2D?9BC72LB:L2D?C
E23<6B1&4@9D@C75<7C96.B68B<56:B6:C96M25;&J75@)+377@B2C7<3==B:A56:CD5IBC&0<2>97C
724B<96=L2D?9BC7297CA24BC7&>2C7D2A2<03AD56126C"FG#)
5,()%6+7"&89$(/+%:)((+;<),6$2)&8(+)=
K9A8B<56:=2A:4B96B:56:BHI2<7B:0<2>7@B.3<56=256:K9A8B<72655?BC975O579265AP9C72<9D
Q56:>5
B6=96B&>5?96=97A23:B<7@5627@B<7<596C)
<()%=>)%-+%2)&8;)-
/012345675636;B575;ABB67<56DB96727@BS<56:%56126&=2267@BS<56:%56126
L59A451)/7FC;BB6962IB<57926C96DB!T’!56:@5C@5:28B<5DB673<172659A97CCB<89DB)U23
D56D@22CB0<2>C9H:900B02<756:CB<89DB
AB8BAC)/089B4C5B)
!!"#$%&’()!!"#!*!!!!!+","+#$ #!$"%
书书书>)?$>+=>$%/()82)&8(+)=
G@9C0367<596E23<6B175?BC1235D<2CC7@B%5IB%2:B497@85<923CDA5CCBC&AB7796=123
D@22CB7@B79D?B7C7@57C397123<;3:=B7)G@BC5>B025?BC
7@9C5C32C705>23C*
-)Y<2>L2D?9BC72S<56:%56126) +)Y<2>.B68B<72M25;&J75@)
%)Y<2>.B68B<72K56R356M2367596C) .)Y<2>M25;&J75@72%5IB%2:)
&&)X@19C.3<56=2ZK9A8B<726O5<<24S53=BL59A<25:5O579265AP9C72<9DQ56:>57<596C)
+)/7@5C5@9C72<12028B<5DB673<1)
%)/72IB<57BC967@BK56R356M2367596C)
.)/726DB7<56CI2<7B:C9A8B<56:=2A:>96BC)
&*)X@57C@23A:123D@22CB02<7@B;BC789B4C26S<56:%56126L59A451*
-)G@BI<9857BCB<89DB) +)G@BD@B5IBC72I7926)
%)G@BV;CB<857926.2>B) .)G@BA36D@E23<6B179D?B7)
@
XBF8B5AA;BB67@BC02B67&D5C@2BB575C@2I5>9AB2>1@2>B)/@5:7@C)-
42>56497@@9C7BB65=B;21C5@B5:20>B@5:749DB5C>56197B>C5C>96B)G@BD3C72>B<57
7@B56&@5:5AC56:45C@2A:96=237
D5C@72I5102<7@B>)
G@B6D5>B7@BI<2;AB>)K2>B79>BC97FC5D3C72>B<4@202<=27724B9=@5I9BDB200<397&
2B26BCB5B7@96=
BACB)Y2<4@57B8B<56:9:6F7@58BB623=@>26B1)-6:C2C@B
;B=56D@22C96=4@9D@97B>C72?BBI56:4@9D@72@56:;5D?)K@BA22?B:57B5D@26B02<5A26=
79>B;B021;3CD5>B
56:4B67)Y965AA1967@B;A5D?&7@B42>5673<6B:;5D?723C5CC@BAB07&497@@B<05DB73<696=
09739A15@B5:20>B4BB)G@B42>56497@7@B7BB65=BC7@B4@97BN@5956@5:AB0772@B56497@7@BC>5AA;5=2097B>C)X@B67@B1IAB7B:)
-AA97722?724976BCC7@9C5D720?96:6BCC45C459796=5A977ABA26=B<965D@BD?237A96B)/
D23A:@58BD53=@77@B6BH7;3C)+37/0BA7C2A9=@726>10BB77@57/45A?B:@2>B96C7B5:)
&$)P24:2BC7@B537@2B67) +)+1:BCD<9;96=5C97357926965C@2I)
%)+1D2>I5<96=D3C72>B:9:7@B4@97BN@5956@58B*
-)K@BD23A:6F75002<:5AA7@B=22:CC@BD@2CB)
+)K@B:9:6F7@58BC2>B207@B=22:C4B9=@B:)
%)K@B:9:6F7?624@24720973B56*
-)%2603C926) +)-6=B<) %)G9C96727@BC>5AA;5=C)
+)PBAI96=7@BD5C@9B<725::3I7@B97B>C)
%)KB6:96=7@B4@97BN@5956@B<36I59:97B>C)
.)\A5D96=7@B4@97BN@5956FC97B>C267@BC@BA0)
>
G@B+2IB6CD9B6DB,D26DBI79C=59696=>2B >2IABC20I2C9798B969795798BC&C3D@5C96B6796CD9B6DB)Y2<
BH5>IAB&96&’&’&7@B+<5W9A956=28B<6>B67A536D@B:7@BO579265A\A5702<>20LBCB5964@9D@CD9B67909D96C79737926CD565?B7@B>5859A5;AB72>9CC926&;5CB:96+<3CCBAC&45C56B5B67I<2EBD7C0<2> "">9AA92672 $#&
>9AA926)
V7@B<96:9D572B207@BI<2=B67926B:&28B<5AA7@B9BC56:E23<65AC&5>36979BC&965AA7@B9<:98BB67S25AC"K.SC#5I7
72>5I5I57@4517245<:C5;B77B<03732)
G@57577B>I76BB:C5C>3D@@BAI5C97D56=B7%M26972<96=K.SC96:9D572B207@BA5<=BC7=5IC967@BD2AABD7926209::ABN96D2>BD2367<9BC&4@9D@9C4@B5?B
5:900B3D@N6BB:B:A9=@726C2>BI<2>9C96=:B8BA2I>B67C962IB6
CD9B6DB)G@BD@5AAB6=B49AA;B@24725DD3>3A57B"JK#96:989:35ABH5>IABC20=22:I<5D79DB
9672C2>B7@96=C9>9A5<725D<979D5A>5CC&C27@57&96D5CBCC3D@5C>26972<96=7@BK.SC&7@B1
D56;B>5:B3CB2072=B77@B42B67D267<9;37B722IB6CD9B6DB*
-)/7>5:B/67B<6B7>2)
%)/7036:B:]3<2IBFCC2D9B75AB6=5=B>B67I<2EBD7C)
.)/77<56CA57B:I3;A9D57926C9672>3A79IABA56=35=BC)
&T)X@579CI5<5=<5I@*>596A15;237*
-)]H5>IABC20C2>B6B4969795798BC)
+)/6:9D5729C96=CD9B6DB09BA:)
%)\<2;AB>C20D3<BC)
+)%5IC5<236:7@B4227@B7BH7*
-)G@B2IB6CD9B6DB)
.)M22:BAC55AI2AA379269C5<5I9:D@56=B967B>IB<5732C7207B6D53CB:;1@B57B::9CD@5<=B"LM#0<2>5696:3C7<95A05D9A9712<5627@B<
@3>565D798971)G@B<>5AI2AA37926D56C56:C7C)
/65&’!#=A2;5A565A1C9C207@B<>5AI2AA3792696<98BB0<2>D25AN0963DAB55AI2AA37926C235AI2AA379269C5=<2496=D26DB<6&BCIBD95AA1 497@DA9>57BD@56=B42IB<573I24B56
C23B0<2>I24B<
IA567C7@573CB:26DBN7@<23=@D22A96=)G@9C9C71I9D5A202A:BB0<2>63DAB5<
56:D25AIA567C0<2>7@B!T,’C56:!T"’C)K2>B2A:BIA2126DBN7@<23=@
D22A96=5B6756:96DI7926&56:7@B<>5A:9CD@5<=B:BD5AI2AA379269C97C02<7@B<>5A:9CD@5<=BC0<2>I24BC56:49A:A90B)\24B3C7>BB77B>IB<57397C&2<5A7B<65798BA1&I<28B7@577@B:9CD@5<=B7B>IB<57303A
B689<26>B675AB00BD7C)P24B8B<&7@9C:2BC6F7@5IIB6207B696I<5D79DB)
!!"#$%&’()!!"#!*!!!!$+","+#$ #!$"%G@B26DBN7@<23=@D22A96=-62726A1;BD53CB207@B<>5A
I2AA37926;37;BD53CB207@B28B<5AAI5<96BA90B)/6&’!’&%5A902<6959CC3B:5B<=96=7BD@62A2=9BCI<289:B27@B<>B56C205AI2AA37926
0<2>I24B236720457B<
C20974BIAB7B:9C2<:B<)
+)M2C72097C7@B<>5AI2AA37926I24BI5D70<2>63DAB5B<9D5FC%AB56X57B<-D7*
-)/7059AC72=B6B<57B:BC9<5;ABB00BD7C)
+)/7CB7C56BH5>IAB02<27@B272I24BBA9>9726:9CD@5<=BC65792649:B)
*()X@579C7@B537@25AI2AA37926)
.)G2C@247@B6B=5798B9>I5D7C207@B<>5AI2AA37926)
*R.!",(/0)1/0&)(2&32!&)(2#
!!456S89&:89T=@AB@CUVWXYZ[=DE@A’@AB\]A^_‘
@A’
+2H;I<28B02D3C&56:I<2>27B O581
K]-QC72D296:03A;B7@2:9682A8BC96@5A96="aX#&
@2A:96=&BH@5A96=&56:@2A:96=5=596)
!*#!)G2;B=96497@&096:5[39B756:D2>02<75;ABIA5DB72C972237@725D236720023<&02D3C96=269637BC570959675969702B>202<75;AB497@7@B7BD@69[3B)+2H;96=7@B>96:&56:B8B650B4>9637BCD56@BAII57@B79D6B<823CC1C7B>&4@9D@D56A24B<123<
@B5<7<57B56:;A22:I5?96=97B5C9B<72>565=B56H9B7156:I5D7C20C796=DB675A
;C796:56:9>I<28BD26DB67<57926)
+2H;B)!$’!)X97@I<5D79DB&123>516279DB7@5797
;BD2>BCB5C9B<72>565=B:59A1C759675965DAB5296:)/6DA3:96=
;2H;B5696=03AC@9077245<:>B675ADA5<971&
2>B67C2<;B02I2<756775C?C
Y)-DD2<:96=72XB;M.&;2H;9637BCB5D@:5156:123 49AA>5?B;2H;?@AB@CUVWXYZ[=DE@A’
/0236:>1CBA05=596267@B457BB/45C965?515?
"efg#26Q5?B+<9B6W96/67B56179>BC;B0215;9A971&/7<9B:72IA517@BI5<756:75?B967@B
!$$!&;37C226/;B=5672:<9075451)/6I569D&/;B=567225
!$(!&7@9CI3C@B:>B03<7@B<5451)/4597B:72;B!$#!&507B<4@570BA7A9?B5DB673<1&
B>;5<<5CCB:56:BH@53C7B:"ijkl#0<2>7@B!$,!)X@B6S597562CD53=@73I497@>B&
@B!$"!=39:B:>B26@247225<)-C/7<9B:@5<:B<56:@5<:B<&>15<>C;3<696=&@B72A:
>B72C9>IA1:24@57/?6B4)G@B>9637B/AB7=256:=272>B67&S597562C@5:=98B6>B569>I2<7567!(’!%4@B67@96=C=24<26=&
C2>B79>BC5AA4B6BB:72:29C!(!!56:5II<25D@7@BC97357926497@5!(&!>96:)-C4B
25B26)/0BA7I<23:20>1CBA0&02<@5896=7<9B:&
!($!56:AB5<67)/67@57>2>B67Q5?B+<9B6W7<3A1C@26B965AA@B<5>5W96=;B537156:/
45C03AA1!((!7275?B975AA96)
$!)-)D5577B<96= +)BCD5I96= %):9C5IIB5<96= .)@BAI96=
$#)-)IB797926 .)5>;97926
$")-)0A1
!!"#$%&’()!!"#!*!!!!#+","+#$ #!$"%$T)-)IB<>9CC926 +)D267<2A %)I<5D79DB .)C1>I57@1
(’)-)2II2<736971 +)28B02<45<:
(&)-)D5A> +)=B6B<23C %)?96: .):900BB>;B573577@B%2603D93C/6C79737B207@BJ698B9<<25<795A5<7C"yz#!(#!">28B>B67#%@2A:96=
@2!(,!";B#^@56=.52E96&5696@B<972<20K9HP5<>261\<5196=M5679C;2H96="}’~
(cid:127)(cid:128)#&!("!9C5?36=03C71AB2<9=965796=0<2>K@56:26=\<2896DB96B5C7%@965)^@56=
96KI596&C@5<96=%@96BCB
?36=03497@>5<795A5<7CB67@3C95C7C0<2>KI59656:27@B<]3<2IB56D2367<9BC)
+BC9:BCK9H P5<>261\<5196= M5679C;2H96=&!#’! "DBAB;<57B#02<97C369[3B
D2>;965792620C75<795A5<7C56:7@B!#!!"<9D@#207<5:979265A%@96BCBD3A735B@58BB8B6>5:B7@BE23<6B172K@56:26=CB8B<5A79>BC!#&!":BBIB6#7@B95<795A5<7CD267963B72=<24I2I3A5<96KI596&>225<795A5<7CCD@22AC!#$!";39A:#96KI596C205<)
K@B;BA9B8BC>5<795A5<7CI<2>27B>3735A36:B5<795A
5<7C=2;B126:I@1C9D5A7BD@69[3BC)+/7FC5I@9A2C2I@9D5AI<5D79DB&,C@BBHIA596B:)+/7
:B8BA2IC85A3BCA9?B57BA17B5D@96=3C@2472A98B !#(!
"@5<>26923C#497@26B5627@B<),
(6*+!78"./0&1+$’+#
*-.!"32!(2#
(cid:129)(cid:130)(cid:131)(cid:132)(cid:133)(cid:134)&(cid:131)(cid:135)=(cid:136)9(cid:137)(cid:138)um(cid:139)(cid:140)(cid:141)0^+P24Y211236=B&,R26b9>FC
@23CB),
+K2<<1&7@57FC627=296=72@5IIB6.,/C59:CB<923CA1)+U23F:;B77B<4<97B5627B72
B8B<126B123D5>B9672D2675D7497@:3<96=123<967B<89B4;B02B*,R265C?B:497@5D2603CB:BHIB26C3>>B<@2A9:510<2>D2AAB=B56:@5:E3C70969C@B:967B<89B496=497@@9C
09I56196%AB8BA56:&V@92)
G@BI24B<2057@56?N123627B9CC2>B7@96=/:B8BA2IB:96>1;21C0<2>7@B79>B7@B1
4B577B<4@570BC7985A9745C&B8B<1=907@5:72;B
5D?624AB:=B:497@C96DB1@2IB7@574<9796=
7@56?N123627BC423A:D@56=B7@B9@9C<22>56:@56:B:28B1:BA9=@7&7@B14B&@B73<6B:72>B56:566236DB:&+M2>&/F>I565=B<2<7@BB7@9CE2;)
+379097>5?BC123@5II1&7@B697FC42<7@97),
+XBFAACBB5;2377@57&,/C59:&C>9A96=57R26&4@245C74B671N26B1B559AB:&R267@BD2>I561
7@57@B@5:967B<89B4B:497@)X@B6@9CDBAAI@26B<56=02<7@BCBD26:79>B&/5C?B:&+R26&
4@15B?6247@57/:9:6F7=B77@BE2;&,R26C59:)
+G@B1:26F7200B<7@57I2A97B6BCC&,/BHIA596B:)+G@B126A1=98B1235D5AA4@B6123=B7
7@BE2;),
Y2<:51C&R26@5:;BB6456:B<96=5<236:7@B@23CB&0BBA96=7@B4B9=@720@9CCD@22A
A256CD2>96=:3B507B<=<5:35792656:627@5896=5E2;A96B:3I)PB@5:D2>IAB7BA1D26896DB:
@9>CBA07@57@B:9:6F7=B77@BE2;&;37/?6B4;B77B<)
¤'%
!)(cid:190)(cid:151)p“c^!(’«‹)
&)(cid:145)›fi6flxm(cid:176)0–=⁄c†‡I(cid:176)’
!!+R26&97FC5A>2C7(%’’I>56:1236BB:72D5AA;5D?5CC2265CI2CC9;AB&,/96:B:96
7@B507B<6226)
!!/7<9B:72I6277@57=22:
20565D7
