文档文本内容
!"# !"!# $ $ %&’()*+,-./
! "
#$%&’%#"’!($)*%!"’+"
,-./#
%&!"#!$%&’()*+,-".$/0123!456#
!&7!894:!8;<=4!>?!@ABC!45DE4F+!>G0HI#
JKLM!@NOPQR?!S8HTU!>G0# 7!V894:!(!>23!45
6# 23WX"6YZ#
’&$X[\?!](!456^#
012’(34$567!&’’" ’%
0+1!2#34"534%#76$$
89: # ;<=% 5;<=>?+@34#A4BCDE )&*&+F@GHBGIJ
KGH% 8L5;<=>#MN? %" OPEQRSTU?V34WXY9+34% 5;
<=ZY+[%
\’,-./012 3452642375(
)&8 %9&%#&((((((((*&8 9&%:&((((((((+&8 9&%#&
U]^+%
%&;2<534526/<=(
)&)>-15-7& *&)= <52?656& +&)1-<12&
!&;2676<765264@6<A674(
)&)52-/6& *&)5<7645<07<=5& +&)5<40@67/<7A65&
’&;2<5>-64526.-/<= .<=5526/<= 5->-(
)&B3435<=0743=C2-/6& *&,-?> <@<75D& +&E-4-/6F<A3=C&
G&,-.>-64526/<= H66?(
)&I376>& *&JK1356>& +&L6?<K6>&
#&;2<5<765264@6<A674/<3=?D5<?A3=C<F-05(
)&)/-M36& *&)F--A& +&).73567&
0’1!2%#34"534%#76!!$
89: # ;<=_‘a% 5;<=_‘a>?b@34#A4BCDE )&*&+F@
GHBGIJKGH% 85;<=_‘ac#Md?QRXYe@34#534 # OP"
8L>#e34dDI # OPEfUQR% 5;<=_‘aYg[%
&’hi/j(0 %k!2%!k$
书书书_‘Nabc!7!‘N"$ 4#
N&;2-34526F-DC-3=C5-5261-=1675.352(
)&,34@<76=54& *&,341-043=& +&,34<0=5&
$&;2<534526F-D2-@3=C5->-<H5675261-=1675(
)&O-316P4A<53=C& *&B3435</0460/& +&E-4-/642-@@3=C&
_‘ $ abc!7!‘ : d‘ %"4#
:&;2<5>3> Q01D>-R045=-.(
)&S26<556=>6> <1?<44& *&S26/<>6<1<A6& +&S264<.<H736=>&
9&;2<5>-64526/<= 523=A -H5261-HH6642-@4(
)&)==-D3=C& *&E34<@@-3=53=C& +&S<534HD3=C&
%"&;2<5@?6<46> Q01D<F-05526=6.1-HH6642-@(
)&I26467M316& *&I26H-->& +&I26<5/-4@2676&
_‘:abc!7!‘%%d%’4#
%%&;2676345262-046(
)&T= 5265-.=& *&T= 5261-0=57D43>6& +&T= 526135D16=576&
%!&;2<5343= H7-=5-H5262-046(
)&)C<7>6=& *&).-->& +&)C<7<C6&
%’&,-./012 3452676=5H-7<-=6PD6<7<C766/6=5(
)&lN""& *&l:""& +&l%N""&
_‘9abc!7!‘%Gd%N4#
%G&;2D>3> 526/<= /-M65-526=63C2F-072-->(
)&I-45<75<=6.R-F&
*&I-?3M63= <?<7C62-046&
+&I-641<@65261-?> .6<5267&
%#&;2<5>-64526/<= >-(
)&)1?<4431<?<75345& *&)= <=53U06>6<?67& +&)H3153-= .73567&
%N&;2<5>-64526.-/<= -HH675-42<76.352 526/<=(
)&V63C2F-072--> 53@4& *&,67@<456K@6736=164& +&)= <=53U06>34@?<D&
_‘%"abc!7!‘%$d!"4#
%$&;2<51-=573F056> 5-5264@6<A67W41<76673= 4.3//3=C(
)&,34H<5267F63=C<1-<12&
*&,345<?6=5H-74.3//3=C&
+&,34?3M3=C6=M37-=/6=5&
%:&;26= >3> 5264@6<A67H37451-/@6563= <4.3//3=C7<16(
)&)5526<C6-H52766& *&)5526<C6-H63C25& +&)5526<C6-H56=&
&’hi/j(0 !k!2%!k$%9&;2<5345264@6<A67W4F3CC645/-53M<53-= 5-@042 2<7>67(
)&I26>643765-57<M6?&
*&I26<>M316H7-/<1-<12&
+&I2612<=16-H.3==3=C@73X64&
!"&;2<540CC6453-= >-645264@6<A67C3M65-4.3//674(
)&,<M6<C--> 7645& *&Y-??-.<F04D7-053=6& +&I7<3= 2<7>6752<= -52674&
082’(9:$567!&’#" ’%
0+1!2%#34"534!#7’$$
XY9mno#A54CDE)&*&+WEp@GHB#GIJKGH%
!
!"#$%&&#&’#"($)**+,+#-+./
)?-=344-4# <O766A 34?<=> 3= 526)6C6<= S6<# 342-/65-J07-@6W4?<7C645/<73=6@7-56156>
<76<# 526V<53-=<?Z<73=6[<7A -H)?-=344-4V-75267= S@-7<>64# .2312 426?5674>3M6746/<73=6
?3H6# 3=1?0>3=C5266=><=C676> Z6>35677<=6<= /-=A 46<?&;352 35412<7/3=CM3??<C64<=>
?<=>41<@64# )?-=344-4-HH674<C76<5M-?0=56676K@6736=16# .23?6<?4-@7-M3>3=C526-@@-750=35D
5-6K@?-76<=136=5703=4# 3=1?0>3=CO76616W4H37450=>67.<567/0460/H6<5073=C<423@.761A !q
rs$&
’#"($)**+0.&1&’
! +-<45<?<=> 0=>67.<5671?6<=0@4
! +-=467M<53-= @7-R61545-@7-561546<<=3/<?4
! \=>67.<567@?<4531.<456/<=<C6/6=5<=> 761D1?3=C
! J=M37-=/6=5<?6>01<53-= <=> 1-//0=35D6=C<C6/6=5
2*3(%+*/*$)&’
! Z3=3/0/<C6-H%: D6<74
! ,6<?52 3=407<=161-M67<C6
! Z3=3/0/% .66A)Z<K3/0/! .66A4
! )F3?35D5-4.3/<=> F<431@2D431<?H35=644
! )[)ET410F<!tuvt$ 16753H31<53-=
!V-56’ B-?0=56674.352 =->3M3=C6K@6736=16.3??76163M657<3=3=CH7-/<= 6K@6736=16>
3=457015-7F6H-76@<75313@<53=C3= <=D0=>67.<567<153M35364&\@-= 1-/@?653=C52657<3=3=C<=>
@<443=C526@7<1531<?6K</# 57<3=664.3??6<7= <[)ET410F<16753H31<53-= H7-/526-7C<=3X67&$
;2<5T4T=1?0>6>’
! Y-->’ *76<AH<45<=> >3==67
! )11-//-><53-=’ B-?0=56674.3??45<D3= 5.3= 7--/4=6<7526F6<12&
&’hi/j(0 ’k!2%!k$! )37@-75I7<=4H674’ V-5@7-M3>6># -=?D526@31A0@ H7-/526H677D@-75-= )?-=344-4T4?<=>&
! E3M3=CI7<3=3=C’ Y0??410F<6U03@/6=5<=> C03><=16H7-/<= 6K@6736=16> >3M63=457015-7
Y664’
I2645<=><7> 1-4534]’’! @67><D&THD-0 2-?> <[)ET410F<16753H31<53-=#D-0W??76163M6<
%"^>341-0=5-= 526@7-C7</H66&
!%&;2<534526<3/-H526)?-=344-4B-?0=5667[7-C7</(
)&I-3=4@376@6-@?65->3M6&((((((*&I-7646<712 3=5-<=136=5703=4&
+&I-<3> 3= -16<= 1-=467M<53-=&(((((E&I-@7-/-560=>67C7-0=> /0460/4&
!!&;2<51<= F6@7-M3>6> FD526@7-C7</(
)&)??P><D>3=3=C467M316& *&_HH313<?410F<>3M3=C@67/35&
+&Y0??26<?52 3=407<=161-M67<C6& E&[73M<56<=> 76/-56<11-//-><53-=&
!’&;2<534526?6<45@<DH-7R-3=3=C3= 526@7-C7</(
)&lG#NG:&"&(((*&lG#%:’&!&(((+&l!#’!G&"&(((E&l!#"9%&N&
4
Q<45)@73?# <H567T@0F?3426> <= 644<D<F-05@-657D<4@<75-HV<53-=<?[-657DZ-=52# <=
6>35-75-?> /626W> -H56= 52-0C2552<5526.-7?> .-0?> F6<F65567@?<163H.62<> <@-6/
>6?3M676> 5--07>--7456@ 6<12 /-7=3=C3=456<> -H<=6.4@<@67&)4<=6.4@<@67/<=# TW/=-5
76<>D5->341-07<C676<>67423@ -H6<12 ><DW46>353-=# F05/<DF652676W44-/6523=C5-F64<3> H-7
76<>3=C<=6.4@<@67<=> <@-6/6<12 /-7=3=C&
)??-H52<52<4?6> 5-<4/<??6K@673/6=5&T= <= 6HH-755-A66@ <?355?6@-657D3= /D?3H6?-=C
<H567V<53-=<?[-657DZ-=52 2<> @<446># T764-?M6> 5-76<> <5?6<45-=6@-6/<><D<H56776<>3=C
527-0C2 526=6.4@<@67-M67F76<AH<45&I2<=A45-5.->3C35<?467M316452<5>6?3M67@-657D73C255-
/D6/<3?3=F-K# 35W4F66= <= 6<4D764-?053-= 5-A66@&
Z<=D@0F?317<>3-?3456=674<76H</3?3<7.352 *I26;73567W4)?/<=<1#+ <H3M6P/3=056
F7-<>1<452-456> FDO<7734-= ‘63??-752<5<374-= ?-54-H45<53-=4<7-0=> 5261-0=57D&J<12 ><DW4
6>353-= 3=1?0>64<2<=>H0?-HH<154<F-05?3567<7D<==3M674<7364!w$xy$# <?-=C.352 <42-75
@-6/52<5‘63??-77613564&Y<=41<= <?4-2<M652656K5-H6<12 6@34->66/<3?6> 5-526/6M67D
><D# <?-=C.352 <?3=A 5-526F7-<>1<45M6743-=&
I26)1<>6/D-H)/6731<= [-6542<4354-.= @-6/P><DH6<5076# 1<??6> *[-6/P<PE<D+#
R045?3A6<>3C35<?@-657D@-45/<=&Q<0=126> >073=CV<53-=<?[-657DZ-=52 3= !""N# [-6/P<P
E<D23C2?3C254=6.<=> @76M3-04?D0=@0F?3426> @-6/4FD1-=56/@-7<7D@-654-= .66A><D4<=>
1?<4431@-6/4-= .66A6=>4&
S3=1640F4173F3=C5-F-52 467M3164?<45)@73?# TWM66=R-D6> 76163M3=C@-6/46<12 /-7=3=C&
L6<>3=C<5?6<45-=6@-6/<><D2<4<?4-F66= ?3A6<= 3=56??6150<?M35</3= !z{|$# C3M3=C
&’hi/j(0 Gk!2%!k$/6<F736H5<456-H?3567<50766M6= -= F04D><D4&Q<45)@73?# T.-=>676> 3HT1-0?> 76/3=> /D46?H
5-76<> <@-6/6<12 /-7=3=C&V-.# >66@ 3= 40//67# T.-=>673HT1-0?> 6M67>-.352-0535&
!G&,-.>-64526<052-7@7-F<F?DH3=> 76<>3=CF-52 <=6.4@<@67<=> <@-6/(
)&E341-07<C3=C&((((*&T/@7<1531<?&((((+&)/043=C&((((E&;-752.23?6&
!#&;2<52<46=<F?6> 23/5-4531A 5-76<>3=C<@-6/><3?D(
)&I26<@@6<?-H526@-6/4&
*&I267-053=6-H76<>3=C@-6/4&
+&I261-=M6=36=16-H>3C35<?467M3164&
E&I263=H?06=16-HV<53-=<?[-657DZ-=52&
!N&;2<51<= F6?6<7=6> <F-05*I26;73567W4)?/<=<1+(
)&T534<@-@0?<7><3?D7<>3-@7-C7</&
*&T5/<7A43545.6=53652 <==3M674<7D&
+&T5H6<50764@-6/4.73556= FDO<7734-= ‘63??-7&
E&T523C2?3C2540=@0F?3426> @-6/4-= .66A6=>4&
!$&;2<5>-64526?<45@<7<C7<@2 76M6<?(
)&T52<4F6=6H356> 23/<?-55-F6<=6.4@<@67/<=&
*&,62<4>6M6?-@6> <>66@ <@@7613<53-= H-7@-657D&
+&T52<45<A6= 23/?-=C5-H<??3= ?-M6.352 ?3567<5076&
E&,634.-=>673=C.2652675-1-=53=065266K@673/6=5&
5
L646<712674H7-/ 526I612=31<?\=3M67435D-HZ0=312 !I\Z$ <=> 526\=3M67435D-H
+-?-C=6!\+$ 3= O67/<=D2<M6>6M6?-@6> <= )?PF<46> ?6<7=3=C4D456/&
I263>6<3443/@?6D656HH6153M6’ <.6F1</ !}~(cid:127)(cid:128)(cid:129)$ 57<1A4450>6=54W6D6
/-M6/6=54&Z<3A6S123=>?67# </<52 @7-H644-7H7-/526\+# <=> 26756</2<M6>643C=6>
20=>76>4-H/<52 5<4A43=M-?M3=CF<431/<52 4A3??4&E6@6=>3=C-= 5265<4A# 4@613H31@<5567=4
<@@6<7# .2312 <7642-.= >3C35<??D-= <26<5/<@# .352 76> 3=>31<53=C<76<4.2676526123?>76=
?--A H76U06=5?D<=> C766= 42-.3=C526<76<4.2676526D?--A -=?DF736H?D&+-=H3>6=5450>6=54
U031A?DC655-A6D@7-F?6/<76<4# .23?64570CC?3=C-=64-H56= ?--A <3/?644?D&
*I7<1A3=C6D6/-M6/6=5426?@4761-C=3X6>3HH676=5?6<7=3=C457<56C364527-0C2 @<5567=4<=>
H3=<??D176<56>65<3?6> 40@@-7576@-754H-756<12674#+4<D4Z<3A6S123=>?67&*I26)T4D456/4-754
526@<5567=4&_= 526F<434# 5264-H5.<7646?61545<3?-76> ?6<7=3=CM3>6-4<=> 6K6713464H-7526
@0@3?#+4<D47-F-5314@7-H644-7)123/Q3?36=52<?H7-/526I\Z&
I->6M6?-@ 526=6.6D6P57<1A3=C5612=-?-CD# [7-H644-7Q3?36=52<?2<4>7<.= -= 2347-F-5314
7646<712 6K@6736=16&T= 52<5.-7A# 26046> 6D657<1A674.352 <4/<??20/<=P?3A67-F-5=</6>
&’hi/j(0 #k!2%!k$!"#&T56=<F?64F655671-//0=31<53-= .352 20/<=4&,-.6M67# 52646<>M<=16> 4D456/4.352
23C2 <1107<1D1-45/<=D52-04<=>4-H607-4&
I-H3=> <F655674-?053-= H-7412--?4# 5267646<7126741?6M67?D/3K5612=31<?6K@6736=16.352
/<52 A=-.?6>C6&T=456<> -H043=C23C2P6=> 6D6P57<1A674#52637)TP>73M6= <@@7-<12 046476C0?<7
.6F1</4<=> /<A640@ H-7?-.<1107<1D527-0C2 )T3/@7-M6/6=54&**DH-1043=C-= @7-F?6/
<76<4# 526)T<><@545266D6P57<1A3=C.352 526.6F1</# <1236M3=C<1107<1D1-/@<7<F?65-23C2P
6=> 5--?4#+ [7-H644-7Q3?36=52<?4<D4&
O67/<=DW4;0?H6= +-/@7626=43M6S12--?34526H37455-3=57->0165264D456/&)/<52 5645
5267642-.6> 52<5<F-05-=6P5237> -H526=6.450>6=544570CC?6> .352 F<431/<52&;352 526)T
4D456/# -=656<12671<= =-.40@@-75H3M6450>6=54<5-=16)<43C=3H31<=53/@7-M6/6=5-M67
57<>353-=<?-=6P-=P-=656<123=C&*)46>01<53-= H<16456<126742-75<C64<=> 3=176<43=C@7644076
5->6<?.352 3=>3M3>0<??6<7=3=C45D?64# -074D456/H-7@7-/-53=CF<431/<52 4A3??43443/@?D
6K16??6=540@@-75H-7412--?4#+ 4<D4S123=>?67&
!:&;2<534526H0=153-= -H52626<5/<@(
)&[7646=53=C450>6=54WH-104<76<4&
*&Z6<4073=C526>3HH310?5D-H/<52 5<4A4&
+&I7<1A3=C5266D6/-M6/6=54-H450>6=54&
E&+-/@<73=C450>6=54W@7-F?6/P4-?M3=C4@66>4&
!9&;2<5>-64@<7<C7<@2 ’ /<3=?D5<?A <F-05(
)&I264D456/W4<>M<=5<C643= 761-C=3X3=C6D6@7-F?6/4&
*&I264D456/W47-?63= 40@@-753=C@674-=<?3X6> ?6<7=3=C&
+&I264D456/W412<??6=C643= 57<1A3=C450>6=5F62<M3-7&
E&I264D456/W4@7-C76443= 0@C7<>3=C4@613H31@<5567=4&
’"&;2312 F645>64173F64526)TP>73M6= 6D6P57<1A3=C5612=-?-CD(
)&,6?@H0?F054?-.&((((((((*&S3/@?6<=> 76?<K3=C&
+&+76<53M6F051-45?D&((((((( E&)HH-7><F?6<=> 6HH6153M6&
’%&;2<5>-64;0?H6= +-/@7626=43M6S12--?C65H7-/5264D456/(
)&L6>0153-= 3= 56<126757<3=3=C& *&)><@5<53-= 5-?6<7=3=C=66>4&
+&T=4@37<53-= H-7<>M<=16> /<52& E&)F46=16-H20/<= R0>C/6=5&
6
T= <76C3-= 3= O6-7C3<# </D45673-04*<42@?6/35<F?65!(cid:130)$ 2<4407H<16> .352 <1-/@?656?D
=6..7353=C4D456/&I265<F?65/6<40764<F-05!G FD!" 1/<=> H6<50764<5?6<45N" 12<7<15674&
,-.6M67# 7646<7126741<=W51-=H37/526457015076-H52344D456/# 354-73C3=# -7526/6<=3=C-H
52612<7<15674&)=> ><53=C5265<F?6510776=5?D76/<3=4-05-H76<12&I26>643C= 40CC6454<=
&’hi/j(0 Nk!2%!k$6K16??6=5?6M6?-H<64526531!(cid:131)(cid:132)E$ M<?06# 3=>31<53=C526/644<C626?> 43C=3H31<=53/@-75<=16&
T= !"!%# H34267/6= -= Q<A6*<42@?6/3<113>6=5<??D1<0C2543C25-H5265<F?65&JK@6754
6K@?<3= 52<5.2<5<@@6<745-F6<467364-H0=761-C=3X<F?64D/F-?4# 4012 <452766?3=64# 34
<150<??D>6M6?-@6> H-7354<C6# 52-0C2 52<5W40=1-=H37/6>&I2612<7<156746M6= 42-.43C=4-H
4A3??&I26/<A674H3745046> <@-3=56> 5--?5-?<D5264D/F-?43=5-52645-=6&I-176<56<4/--52
467364-H12<7<15674# 526D526= <@@?36> 7-0=>6> 5--?4# .2312 42-.4<H<37</-0=5-H.-7A .6=5
3=5-?<D3=C526/644<C63=5-52645-=6&
T= <= <556/@55->7<.1-==6153-=4.352 -5267<=136=556K54# 43/3?<7353641<= F6H-0=>
F65.66= 526=6.56K5<=> 526‘<75M6?3<= ?<=C0<C64173@5!o(cid:133)(cid:134)*$ H7-/526G52 /3??6==30/
*+J&Z-76-M67# 352<457<164!(cid:135)(cid:136)$ -H5.-<=136=5.7353=C4D456/4H7-/526V6<7J<45&T534
@-443F?652<53=567<153-=4-110776> F65.66= 52646<=136=5C7-0@4&
*Z-45-H5264D/F-?4046> 3= 35<7643/3?<75-52-46H-0=> 3= 5264173@54-H526Z3>>?6J<45#
T=>3<<=> JCD@5#+ .7-567646<7126743= <=6.450>D&,-.6M67# 526D45764452<5523434<=
6=5376?D=6.H-7/-H56K5# .2312 >-64=-576@?31<56<=D4D456/-H.7353=CA=-.= 5-04&)=> 35
/<D12<=C610776=5F6?36H4<F-05<=136=5.7353=C4D456/4C76<5?D&
J<7?D407M6D4-H526<76<42-.6> 526@7646=16-H<=136=52-0464&Q<A6*<42@?6/3#
2-.6M67# 2<4=W576163M6> 526<556=53-= 3542-0?> 2<M6&Y-7526450>D-H<=136=5.7353=C# 5234
5<F?6534<= 6K1353=C>341-M67D&T5/<D6M6= F6526=6M67PF6H-76P466= .7353=C4D456/H7-/<=136=5
+-?1234# <76C3-= 3= .64567= O6-7C3<&I234@-3=545-526@-443F3?35D-H/<=D/-763/@-75<=5
>341-M67364.<353=C5-F6/<>6&
’!&;2<512<??6=C647646<712674<F-05526*<42@?6/35<F?65(
)&E6567/3=3=C35410?507<?M<?06& *&)@@7-<123=C354>341-M67D4356&
+&\=>6745<=>3=C354.7353=C4D456/& E&JK</3=3=C354@7-56153-= /652->4&
’’&;2<51<= .6A=-.<F-05526<=136=5/<A674(
)&I2637H-104-= 1-=56=5-M67176<53M35D&
*&I2637?3/356> <116445-?-1<?764-07164&
+&I2637457<56C31046-H4@613<?3X6> 5--?4&
E&I2637<113>6=5<?>341-M67D-H5--?04<C6&
’G&;2<5>-645260=>67?3=6> .-7> *76@?31<56+ 3= @<7<C7<@2 G /6<=(
)&+2<=C6&(((((*&T=H?06=16&(((((+&E</<C6&(((((E&+-@D&
’#&;2<5>-64526>341-M67D-H52345<F?653/@?D(
)&I2676C3-= 34-HC76<57646<712 M<?06&
*&J<7?D407M6D4-H526<76<<76/34?6<>3=C&
+&)=136=5@6-@?6A6@50@><53=C.7353=C4D456/4&
E&I265<F?65.<4@07@-46?D23>>6= FD<=136=5@6-@?6&
&’hi/j(0 $k!2%!k$0’1!2#34"534!#76%!$
(cid:137)(cid:138)no(cid:139)(cid:140)#Ano>EGHBGI(cid:141)(cid:142)(cid:143)(cid:144)a(cid:145)EJKGH% GHB?gH(cid:146)
(cid:147)(cid:148)GH%
Q65W4F62-=6452676’ T/@0?46!(cid:149)(cid:150)$ F0D3=C34A3=> -HH0=)<5?6<453= 526/-/6=5&
[6-@?63/@0?43M6?D4@6=> <= <M67<C6-H]%#" 6M67D/-=52&I2<5<>>40@ 5-<= 6K57<]%#:""
4@6=56M67DD6<7<=> <F-05]%":#""" 3= <?3H653/6&_012, (’N( Q65W4H3=> -05&
! Z<A6<F0>C65<=> 4531A 5-35&
Y3745523=C4H3745’ a-0 =66> <F0>C65&(’$( )F0>C6534=W5</<C31.<=> !(cid:151)(cid:152)(cid:153)$ 52<5
.3??40>>6=?D/<A6<??-HD-07/-=6DF62<M6&T5W4-= D-0 5-56??D-07/-=6D.26765-C-6<12
/-=52 <=> 526= H-??-.527-0C2 .352 52<5@?<=&
! O3M6D-0746?H@67/3443-= 5-4@6=>&
a64# TR0455-?> D-0 5-4531A 5-D-07F0>C65)<=> D-0 <?.<D442-0?>&(’:( a-0WM6
<?76<>DF0>C656> <4/<??@<75-H4@6=>3=C/-=6DH-735# 4-52<576.<7> -7576<534=W5<= 3/@0?46
F0D<=D/-76&
! ;<35<><D-7?-=C67F6H-76D-0 /<A6<@0712<46&
I2646><D435W44-6<4D5-4664-/6523=C.6.<=5<=> 1?31A# 1?31A#1?31A 353=5-<@0712<46&
_=6.<D5-26?@ 2676345-C3M6D-0746?H<><D-74-F6H-76D-0 F0D4-/6523=C&I26= <4A D-0746?H
3HD-0W??<150<??D0465234523=C<=> 3HD-0 1<= @<DH-735=-.&(’9( E-=W5?65<1-0=5>-.= 7042
D-0 3=5-F0D3=C<=D523=C, )4<?6.3??1-/6F<1A <7-0=>&I7045/6&
! (G"(
E-=W5?65D-076/-53-=41-=57-?D-074@6=>3=C2<F354, I2341<= ?6<> 5-3/@0?43M642-@@3=C#
.2652675-76.<7> D-0746?H-= <C--> ><D-75->6<?.352 <F<> -=6&;6WM6<??F66= 52676
F6H-76&,-.1<= D-0 H3K35( ;265267D-0W7616?6F7<53=C-757D3=C5-12667D-0746?H0@# >-=W5F0D
<=D523=C.26= D-076/-53-=4<7673>3=C<7-??671-<4567&
)&I26= D-0 2<M65-<150<??DA66@ 5-35&
*&Z<A6D-07F0>C65<4?-.<4@-443F?6&
+&)M-3> 42-@@3=C.26= D-0W766/-53-=<?&
E&;2D34354-6<4D5-F0D523=C4-= 3/@0?46(
J&,-.1<= .645-@ 5263/@0?43M642-@@3=C2<F35(
Y&)=> .<512 -05H-7>6<?452<5<76-=?DC--> H-7!G 2-074&
O&*0535W4<?4-3/@-75<=55-527-.<?355?6H0= /-=6D3= 52676&
&’hi/j(0 :k!2%!k$0;2’("<=)$567!&’’" ’%
0+1 !2%#34"534%6#76%#6$
XY9:no#Ano>e4CDE)&*&+W Ep@GHB#GI(cid:154)(cid:155)(cid:142)(cid:143)(cid:144)a(cid:145)
EJKGH%
T=6M673/<C3=6> TW> 57<=4H-7/H7-/<?<.D675-<a-0I0F673= /DH-75364&(G%( FD<
/-5267.2-407M3M6> 526O76<5E6@76443-= !(cid:156)(cid:157)(cid:158)(cid:159)(cid:160)$#T?6<7=6> 5263/@-75<=16-H(G!(
<=> 57<>353-=<?1--A3=C4A3??46<7?D-=&)?52-0C2 T(G’( 5262-/6/<A3=C4A3??4Z-/2<>
5<0C25/6# T.<46<C675-(GG( 526.-7AH-716<4<F043=6445<K1-=40?5<=5?3A6/D><>&
E073=C/D?<565.6=5364# T.-7A6> 3= (G#(# .23?6<556=>3=C?<.412--?<5=3C25<=> (GN(
/DA35126= C<7>6= 3= /DH76653/6&
_=67<3=D=3C25# T.-7A6> ?<56<=> -= /D.<D2-/6# /D1<7-M67507=6> -= 526.657-<>&
)4T.<356> H-7526@-?3163= 5267<3=# T(G$( -= /DH<45P@<16> ?3H6<=> 76<?3X6> T.<=56> <
4?-.67<=> /-76(G:( ?3H6&T/-M6> 5-)0453= 5-F61?-4675-/DH</3?D# 45<753=C/D-.= ?<.
@7<15316.23?6(G9( 53/6H-7H</3?D<=> @674-=<?C7-.52&
I26(#"( /-/6=51</6.26= /D4-= .<4>3<C=-46> !¡¢$ .352 ?6<7=3=C>34<F3?35364&
T>613>6> 5-2-/6412--?23/<=> 3= 526@7-1644TF6C<= (#%( 57<>353-=<?1--A3=C/652->4
@<446> >-.= H7-//D/-5267.352 -5267/-526743=5676456> 3= C--> (#!( H-7C7-.3=CF7<3=4&
)5H3745# T2-456> 1?<44643= /DA35126=# F05<4(#’( C76.# /DH</3?D6=1-07<C6> /65-@-45
M3>6-40=>67526=</6$"%&’(!)(*# .2312 =-.2<4-M67</3??3-= 40F4173F674&
,<> T4501A 5-/D-73C3=<?@?<=# $"%&’(!)(*.-0?>=W56K345&T54401164434<(#G( -H526
@-.67-H<><@53=C5-?3H6W412<=C64# >6/-=457<53=C2-.(##( 507=41<= ?6<> 5-H0?H3??3=C
R-07=6D4<=> M<?0<F?6?644-=4&
G%&)&+2<??6=C6>((((*&)@@7613<56>((((+&L<346>(((((E&)116@56>
G!&)&46?HP40HH3136=1D *&46?HP1-=57-? +&46?HP1-=H3>6=16 E&46?HP>3C=35D
G’&)&3/<C3=6> *&/340=>6745--> +&>-0F56> E&576<4076>
GG&)&40@@-75 *&-F467M6 +&6=567 E&3C=-76
G#&)&6>01<53-= *&H3=<=16 +&26<?521<76 E&5612=-?-CD
GN&)&F76<A3=C>-.= *&1<73=CH-7 +&>76</3=C-H E&1-/@?<3=3=C<F-05
G$&)&1-//6=56> *&.7-56 +&76H?6156> E&H-1046>
G:&)&@07@-46H0? *&76?3<F?6 +&<>M6=507-04 E&@76>315<F?6
&’hi/j(0 9k!2%!k$G9&)&1-0=53=C *&4A3@@3=C +&76>013=C E&@73-7353X3=C
#"&)&H</3?3<7 *&17013<? +&76C765H0? E&<.A.<7>
#%&)&<>-@53=C *&1-/@<73=C +&57<>3=C E&42<73=C
#!&)&6=M37-=/6=5 *&6K671346 +&=057353-= E&6=5675<3=/6=5
#’&)&>6/<=> *&>345<=16 +&1-454 E&>3HH310?5364
#G&)&@7--H *&.<7=3=C +&1<046 E&H-0=><53-=
##&)&0=3/@-75<=5 *&0=.346 +&0==61644<7D E&0=6K@6156>
0’1 !2%"34"534%#76%#6$
XY9:no#£(cid:144)a(cid:145)(cid:142)(cid:143)%@⁄¥Eƒ§_¤'(cid:139)ƒ§E“«‹›%
I26%#’""PD6<7P-?> I2<=CA<<75# <@<3=53=C4A3??H0??D17<H56> -= .-M6= !fiflE$
/<5673<?# 34<= 3??0457<56> 6=1D1?-@6>3<-HI3F65<= 10?5076<=> 45<=>4<4@<75-H+23=<W4
3=5<=C3F?610?507<?26735<C6H-7354(#N( !<75$ M<?06&
*I7<>353-=<??D# 52640FR615/<55674(#$( !6K@7644$ 3= I2<=CA</<4567@361643=1?0>6
?-1<?10?5076<=> I3F65<= /6>313=6#+ 4<3> O-3=U-CD<3# <H3H52PC6=67<53-= I2<=CA<<75345H7-/
Q2<546+-0=5D&;352 -M6752766>61<>64-H6K@6736=16# 261<= H3=> 3=4@37<53-= 3= <??<75(#:(
!H-7/$ H-7176<53=CI2<=CA<<75.-7A&T= !"%N# 26.6=55-I43=C20<\=3M67435DH-7H075267
526-76531<?450>D-= 57<>353-=<?+23=646@<3=53=C&
S--= <H567O-3=U-CD<3>6567/3=6>?D<556/@56> 5-<@@?D52676<?345315612=3U064-H
57<>353-=<??<=>41<@6<=> F37> @<3=53=C4(#9( I2<=CA<<75# 26.<45273??6> <5.2<56=<F?6>
23/5->6M6?-@ (N"( H7642 <@@7-<12 5-@7646=53=C4=-.P1-M676> /-0=5<3=4# ?<A64<=>
H-76454&I--F467M6=<50760@ 1?-46# 26-H56= 5<A64573@45-526.3?> (N%( !@2-5-C7<@2$
/-0=5<3=4# 73M674<=> ?<A64# (N!( 26?<56776@7->0164.352 3=A <=> F704264&
JU0<??D3/@-75<=5345-57<3= 6/67C3=C5<?6=54H-7526@7-/-53-= <=> 1-=53=035D-H
I2<=CA<@<3=53=C&T= 7616=5D6<74# =0/67-04I2<=CA<412--?4# 450>3-4<=> 0=3M67435D
@7-C7</4(N’( !645<F?342$ 5-<557<15D-0=C@6-@?65-523457<>353-=&
;352 526R-3=56HH-754# b3X<=C34H-45673=C3==-M<53M6>6M6?-@/6=53= I2<=CA<
@<3=53=C#(NG( !F76<526$ =6.?3H63=5-5234<=136=5<75H-7/# .2312 34<?3M3=C5645</6=55-
+23=<W4(N#( !1-//35$ 5-10?507<?>3M67435D&
&’hi/j(0 %"k!2%!k$0>2’(?@$567!&’G" ’%
0+1!76%#6$
(cid:176)–M^†‡#M·hi(cid:181)c¶•‚+@„1% ”» S56M6= …I*T=57->016<=
3=4@373=C4<D3=C+W*S2<76<= 0=H-7C655<F?66K@6736=16+g@GH‰(cid:158)(cid:190)G¿% (cid:192)D S56M6=
`+´ˆ˜#(cid:139)(cid:140)¯¤’
!%$ MEG¿"
!!$ ˘˙¨(cid:201)%
˚¸’
!%$`f§(cid:204)˝(cid:146):"˛ˇ"
!!$(cid:192)—(cid:209)9(cid:210)›£U4(cid:211)E(cid:212)˝(cid:213)(cid:214)fU%
E6<7S56M6=#
a-07443=1676?D#
Q3,0<
0’1 !76!#6$
XY9:no#(cid:137)(cid:138)(cid:215)(cid:139)(cid:140)WCD;(cid:216)(cid:217)(cid:129)i(cid:218)`g;#(cid:219)(cid:220)(cid:221)(cid:222)+(cid:223)L(cid:224)Eno%
_=6<H567=--=# /D52766123?>76= <4A6> /D204F<=> <=> /65-435>-.= 5-.<512 52637
[[I&I264?3>64.676>643C=6> 5-1-=M3=160452<5.6=66>6> <461-=> >-C&*I075?6.-0?>
2<M6<H736=>,+ 52637?<454?3>676<>&I075?6# -07’!P@-0=> >-C# .<4<?/-45’&Y7-/234H3745
.66A4# 26.-0?> 45<D<5/D43>6>073=C526><D&J<12 =3C25# 26H-0=> 234@?<16F643>6
.23126M67A3> =66>6> 23//-45&
*_A<D#+ /D204F<=> 4<3> <H5675<?A3=C.352 /6&**05#+ 261-=53=06> .352 2346D64-=
526A3>4# *D-0 =66> 5-42-.04D-0 1<= 2<=>?6<>-CFD5<A3=C/-76764@-=43F3?35DH-7I075?6
H7-/=-.-=&+ T= 764@-=46# 526D6<C67?D@7-/346> 5-5<A6C--> 1<76-H23/&
I--07407@7346# 52<56M6=3=C# I075?6>3>=W51-/6H-7>3==67&;6H3=<??DH-0=> 23/<5526
5-@ -H52645<374# 43553=C453??# <43H3= @<3=&I26A3>4W6K1356/6=5.<476@?<16> FD.-77D&;6
3//6>3<56?D1<7736> 23/5-526<=3/<?2-4@35<?# .2676<M65!Æ(cid:226)$ 4<3> 262<> <F<1A
@7-F?6/<=> C<M6044-/6/6>313=6&
*05-M67=3C25# I075?6W41-=>353-= .-746=6>&*<1A <55262-4@35<?# .6?6<7=6> <= -@67<53-=
&’hi/j(0 %%k!2%!k$.<4526-=?D-@53-=# <?52-0C2 52676.<4<12<=1652<5I075?6/3C25=6M67.<?A <C<3=&;352 <
26<MD26<75# .6>613>6> 5-C3M635<57D&I26= .6>7-M62-/65-<.<35526*<??1?6<7+ 1<??&
T=456<># .352 <?/-45=-.<7=3=C# I075?6>36># .2312 1</6<4<42-1A&V-56M6= <><D2<>
@<446> 43=16.62<> <C766> 5-C65<461-=> >-C&
I2<5=3C25# 526A3>417-.>6> 3=5--07F6># 17D3=C&I26=6K5/-7=3=C# T45<76> <5I075?6W4
6/@5D.<567F-.?<=> H6?55262-046.<45--U0365.352-0523/&T= 526><D452<5H-??-.6># -07
=63C2F-7W4>-C*67536F61</6<4/<??1-/H-75&ZDA3>4F-77-.6> 23/5-10>>?6!ª(cid:228)$&_=6
=3C25# /D4-= <4A6># *Z-/# 1-0?> .63=M356<F0=12 -H>-C4-M675-@?<D( Q3A6<@<75D3=
I075?6W42-=-7(+
T0=>6745--> 526>64376&TW> <4A6> 5-@656M67D>-CT@<446> <=> ?--A6> H-7.<7> 5-*67536W4
M34354<4/012 <4526A3>4&I2676H-76# 5263>6<H-7<16?6F7<53-= -H?3H6H-7I075?6.<4F-7=&
˚¸’
%&(cid:218)`§(cid:204)˝(cid:146)%#"˛ˇ"
!&(cid:192)—(cid:209)9(cid:210)›£U4(cid:211)E(cid:212)˝(cid:213)(cid:214)fU%
I26A3>4>643C=6> 3=M35<53-=452<576<># *+-/6+6?6F7<56I075?6W4Q3H6&+
I-/D407@7346# %’ >-C4<=> G" @6-@?642-.6> 0@ 52<5><D&
&’hi/j(0 %!k!2%!k$
