文档内容
$’$(!$’$) !"#$%"& "$ ’() ml# p(cid:144)(cid:145)!(cid:132)!l"" (cid:146)", "#
""*0123B965316G2= 519>39316>9G2=(
.*.= 2;28GE;9E?* +*.=6>>23E1* /*.39LE28*
!"#$
"$*0123<5316789BAE32:;639B9(
(#$)’# *)+,")’ ,# -#./"$’ ,0# .*M3E2= 8<=@2=B 32;?* +*M3E2= G9N62=B TAG7*/*M3E2= G9N62=B 5<=@*
1234$ ",*0123B965316>9G2= 31<=? 9C316789BAE3(
!!"*!"#!$%&’()*"+,-./01!"23!4%+,-.567891 .*U56;655* +*/1627* /*MG79832=3*
!"23(:;<=# mlK p(cid:144)(cid:145)!(cid:132)!l"( (cid:146)"H "#
!!$*>?"(@!$AB">C!DE!F$+GHI!"23JK"L(!DM.N "(*0123B965316G2= >2=339B9(
O!01P"Q"RSTU!"23(V!"WXYZ[# .*S?"(@!$F\]H^_01!"23JK(!"WX‘# 01P"Q"R ")*0123B965316>9G2= B93986;2V(
STU!"23(V!"WXYZ[# .*X16B965L9@2* +*X16@9655>:9V<=@*
!!(*,PabE!c%dP"QU!"2e43f# "H*01LB965316>9G2= 5A@@65312N<=@6V68E<56(
%56,!78%ghi!jk,’ k& .*D9316C251<9=*
lei!%g) B"’AB""*) k!jk-*) k& ml"’ p(cid:144)(cid:145)!(cid:132)!l"- (cid:146)$’ "#
!!mno) pJq# ApJqEresB"!t"uvw( ."+"/xs>yu>Cz "-*0123<53165A8N6L2:9A3(
{>y# m|ApJqE!}~r"’ (cid:127)(cid:128)((cid:129)(cid:130)(cid:131)(cid:132)!r(cid:133)B"U(cid:134)(cid:135)neB"# Ap .*D82N6;;<=@B653<=23<9=5*+*D82N6;;<=@12:<35* /*D82N6;;<=@E9535*
Jq(cid:136)(cid:135)e(cid:137)# "#*019382N6;5G9532EE98B<=@392382N6;2@6=EL45865628E1(
"*012345316789:2:;686;23<9=51<7 :63>66= 3165762?685( .*.G68<;;53AB6=35B9<= E;255( .*Y23<=@* +*Z9<=@51977<=@* /*[<5<3<=@1<5398<31 2;<539C5E6=68L57935(
+*/16E? 2=5>6859= 72@6,-* .*D96=8<31 JA653<9=5K 2=B ""* +*D9;628= 1<5398L2=B EA;3A86*
,*016862863165762?685G953789:2:;L( /*D9G2?631638<7 >9831 316<8G9=6L*
.*M= 2:99?53986* +*M= 2538663* /*M= 2= 9CC6<@13* !!(cid:134)(cid:135)n(cid:147)(cid:148)(cid:149)!tA"vw( ."+"/"I(cid:150)s>yu>Cz{>y#
)*01232863165762?68532;?<=@2:9A3( !
.*D16<8A== 9CC6852N28<63L9C5AGG68789@82G5B65<@=6B C9832;6=36B 1<@1 5E199;53AB6=35*
!!mno) pJq(cid:139)(cid:140)(cid:141)# ApJq(cid:139)(cid:140)(cid:141)Er(cid:142)sB"!t"uvw( ."+"/xs 4(55%)%4&%61,4(#&+%+
>yu>Cz{>y# mApJq(cid:139)(cid:140)(cid:141)#!}%r(cid:129)(cid:130)(cid:134)(cid:135)(cid:143)sB"!AB" ) (cid:127)(cid:128)’ D189A@1 31<5789@82G! L9A4;;12N6316977983A=<3L3932?6E;25565><31 EA886=3Z698@639>=
m|E!(cid:143)B"%wC) (cid:127)(cid:128)(@!(cid:129)(cid:130)# ApJq(cid:139)(cid:140)(cid:141)(cid:135)h(cid:137)# A=B68@82BA2365! ;628= B<86E3;LC89G789C655985! 2=B 5386=@316= L9A8E8<3R98?* L628’ %2N62G<=<;;I2N66? E9;;6@67867 789@82G
#*016= B9G2= 53283@89><=@277;65( B65<@=6B C981<@1]2E1<6N<=@8<5<=@1<@1 5E199;56=<985>19B65<8639277;L3956;6E3<31 :931 2382=5C98G23<9=2;;628=<=@6V768<6=E6
K*01916;75316>9G2= 2;93><31 316C28G>98?( 2=B 2= <=389BAE3<9= 39E9;;6@6;98? 2=B ^MPPS9A=B23<9=
"’*0123B965316G2= 9CC6839B9( 5E199;5L536G5
.*S<=B G98616;7685* P89@82G/953$ S866
+*%6;7 79G2= 1<589:935* D16XAGG68.E2B6G<65P89@82G9CC685" 39,]>66? ;9=@2E2B6G<653123789N<31 212=B5]9= ;628=<=@6V768<6=E6*R9A81<@1 5E199;68><;;12N6316977983A=<3L39CA;;L G98619>516E9G:<=65168;9N6C981<5398L><31 1687255<9=
78656=323<9=5C89G<=BA538L;62B685) %(cid:160)¡& C98316562! 786568N<=@2=B 36;;<=@3165398<659C‘28<=64589;6<= @;9:2;382B6C98CA3A86
Y;<@<:<;<3L$ C8651G2=! 59719G986! 98TA=<98L6289C1<@1 5E199; @6=6823<9=5*
P89@82G/953$ F6566?&’ /9GGA368$ (cid:155)$!$’’ %" >66?& $(*0123<=57<86B /<7768;LZ99B45<=368653<= G28<3123:6<=@253AB6=323Z698@639>= <5;6! :A3286=432:;639 +*%68>98? 231<53985><31 6V76835<= 1<@1 5E199;*
<= GA;3<];6=@31 5655<9=53189A@19A3316L628=9G2336819>:A5LL9A85E16BA;6<598>1686L9A I*%68‘2536845B6@866<= ‘A56AGX3AB<65*
286<= 316>98;B*/9A85652862N2<;2:;6<= 2>! $)*0123E2= >6;628= 2:9A3/<7768;LC89G7282@8271 $(
G6B8<3<=@! 2=B E2= :632?6= 6<3168C986=825E82aL2:9A31<539898?5* +*M3<=E;AB65N28<9A5325?52=B 5<3A23<9=5*
I*D16LE9G7;6362= 9=;<=6277;628C98G2;E;93165B2<;L*
$$*0123<5316G2<= 2BN2=32@69C316XAGG68.E2B6G<65P89@82G( I*M3<5;]E953E9;;6@6E86B<3977983A=<3<65* $-*0123<5316G2<= <=@53AB6=35396V7;9869=65A:T6E3<= B6731* +*.EA82398457255<9= C98G28<3<31 :A5L5E16BA;65( I*‘28<=645<=C;A6=E69= @;9:2;382B6*
.*/9;;6@6/86B<3/9A8565* +*P86]/9;;6@6_=;<=6P89@82G* 4
/*XAGG68.E2B6G<65P89@82G* I*XAGG68/9;;6@6MGG685<9= P89@82G* D16.8@6=3<=639>= 9C%<;28<9.5E25A:<=628316E9A=38L45.3;2=3]2=B]86B :<8B512N6<=N2B6B %¢£& 31639>=*
%(cid:158)(cid:159)(& 1<5398L*X16628=6B 2B9A:;6G2T98<= %<5398L2=B .G68=456;6E38<865*D1<5<5E2A5<=@6;6E381= 2862;59A=1277L2:9A3316:<8B54=9<562=B 316:<8B54>2536
B6@866<= ‘A56AG X3AB<65! C9EA5<=@9= .G681686*
U=2523382E36B 391<5398L*X16;9N6B N<5<3<=@GA56AG5! >1686 .52865A;3! 3167288935286@9<=@<=39316E<3<65**D161<;;52368!+ Q682526B 6V76835<= 1<539898?<=@232;L6285! 316728893512N6532836B 39288<=36839566?
GA56AG*IA8<=@E9;;6@6! 516;628=6B 2:9A32G28<3=45)!’’’
39>98?<=@<= 2G28<398? MG2@65519>1A=B86B59C:<8B55399B 9= 6;6E38<865! :A<;B<=@52=B E1A8E165*F2Gb=
E;931655633<=@A7 2= 6V1<:<3! 2=B 316=6V3! B86556B A7 C982= 6V1<:<3976=<=@*X166=T9L5316 .;N286a! 2;9E2;86798368! 52<865! 2=B >2368E2= @63<=39316><865>16= <3
B98?! 25=93>9B2L528631652G6*.;319A@1 516E9A;B 12N6:66= 2 82<=5c+ D1232CC6E35.;N286aB<86E3;L**M3@965><319A352L<=@3123>16= 31679>68@9659A3!
>8<368982362E168! 516E195639512861<5398L3189A@1 316GA56AG* 31686<5=982B<9!+ 16522L316:<8B5! 5AE1 25=9<562=B 6N6=
;6516;7<=@865628E1685<= C<=B<=@B9EAG6=35989:T6E353123789N98?6B**06=66B 39532833986539869A8=23A82;6=N<89=G6=35!+
53AB<65*.C6>L62852@9! 23316/2GB6= /9=C686=E6! >1612N63931<=? 9C538236@<6531232;;9>A539;16= .G682L7955<:;6<= 9A839>=*+
:6@2= 382B<=@><31 /1<=2! >252E3A2;;L/1<=245E6=3A8L*D1<5865628E1 E9=3<=A6525516C<=B5
!!!!!!"#$ %, &!’# &" ! !!!!!"#$ %( &!’# &" %&$#*0123<5316G2<= 789:;6GE2A56B :L3167288935( ,)*0123<5316:6533<3;6C9831636V3(
.*D16L2332E? ;9E2;7697;6* +*D16L623E8975<= 316C<6;B5* .*%9>Z69@8271LMG72E35Q2=@A2@65 +*01L‘<@823<9= M=C;A6=E65Q2=@A2@65
/*D16LB2G2@66;6E38<865* I*D16L:A<;B =65359= :A<;B<=@5* /*01LQ2=@A2@65/12=@6/9=3<=A9A5;L I*0123S2E3985.CC6E3Q2=@A2@65
$K*01L12N63167288935G9N6B 39E<3<65( l(cid:138)i!%g) B"’AB"$*) k!jk"$*) k&
.*D16L6=T9L;yu>C«‹/¢›(cid:141)fi(z{>y# >yurhy
+*P288935=66B G986C99B <= ><=368* fl(cid:176)–>y#
/*/<3<659CC68316G:63368>623168E9=B<3<9=5* !!P286=35>2=3316<8?A7 39:6128BL2=B 2B2732:;6*D16G<=B5633123B831 G<=B563*M386C68539316N2;A<=@9C128B >98?! 6CC983! 2=B
,’*0123B965316A=B68;<=6B >98B *<=12:<32=35+ <= 7282@8271 ) 789:2:;LG62=( 7685<536=E6%†‡& 2586259=5C985AEE655*!,H!*
.*F65>(&,! /(,?#+,(#,8($%+@
,"*S89G>131 G<=B563<5N2;A<=@316789E6559N68316789BAE3*!,-!*
.*.5E<6=35867983* D16LG<@1331<=? 316L486*@99B+ 2359G631<=@:6E2A569C2=23A82;2:<;<3L823168312= 316<8
/*.865628E1 72768* I*.382N6;@A531232E?=9>;6B@<=@6CC983823168312= 32;6=3789G936576856N682=E6*
< A(&$*51B%$1+,*C%+*+5%*&/1/) (DD(&,#/1,1%+@
01<;6@69@8271;6;L<3<53123L9A4862:;639A=B68532=B !,#!*+LE12=@<=@316C9EA5C89G5AEE65539;628=<=@! L9A E2= 16;7 L9A8E1<;B86= 566
L9A8E6832<= 3979@827131 789E655*016= 316L6=E9A=368B= 316E12==6;9C3>9]>2LA=B68532=B<=@:63>66= =6<@1:98<=@E9GGA=<3<6598532365* *0123E2= L9A ;628= C89G31<56V768<6=E6(+ 98*%9>G<@13L9A 277892E1 31<5B252:;639B6N6;97 <= 2;<=@A<531<;6! 286253123286:892B 2=B C;23286E2;;6B E1<;B 52L5*ME2=43B931<5+! 6=E9A82@6316G3952L*ME2=43B931<5L63+*D1<55G2;;E12=@6125
;<=@A<53<31 1<@1 ;<=@A<531686>2N659C5762?68@89A75 25<@=6675*.;3<3AB62;59 4&%*,%*/%/21&(/$%/,,E*,%/8(#&*)%+D%&+1+,%/8%@
1252G28?6B 6CC6E39= 3163L7659C59A=B51AG2=536=B 39789BAE6! 2=B 31<5! <= 3A8=! E12=@65 R9A8E1<;B456=N<89=G6=37;2L525<@=;2=@A2@6559A=B*.$’", 53ABLC9A=B 2538<=@86;23<9= :63>66= ;2=@A2@65579?6= 231<@1 5A77983! 538AE3A86! 2=B 6=E9A82@6G6=3E2= B6N6;97 7685<536=E6*.527286=3! L9A E2= E86236
2;3<3AB65*D1631698L( D165659A=B5286625<6839789BAE6A7 1<@1 :6E2A56232= 2;3<3AB6>1686 31<56=N<89=G6=3:L5633<=@E;628! 2E1<6N2:;6@92;52=B E6;6:823<=@789@865539>28B5316G*!(’!*
31686452;862BL;6552<878655A86! <3G2?6556=5639E9GGA=<31 E9G786556B 59A=B53123286 .*D62E1 31679>689C*R63+
625<6839789BAE6><31 31631<==682<8* +*+6G<=BCA;9C;2=@A2@62=B C66B:2E?
P23368=59CG<@823<9= 12N62;5951276B ;2=@A2@652;;289A=B 316>98;B*D161<5398L9C /*S6289CC2<;A869C36= 19;B5E1<;B86= :2E?
YA8976<5G28?6B :L>2N659CG<@823<9=5*Y2E1 9C@89A75:89A@13316<89>= ;2=@A2@65! >1<31 316;9E2;;2=@A2@65*S98<=532=E6! 316F9G2= E9=JA6535%'“& 57862B Q23<= 2E8955 Y*X19>316G19>L9A 12=B;6563:2E?5! 277892E1 E12;;6=@65! 2=B ;628= =6>5?<;;5
2N25372839CYA8976! >12L
X72=<51! M32;<2= 2=B P983A@A656* D16 G<@823<9= BA6 39 382B6! E9=JA6535 2=B ;2368 Z*016= E1<;B86= 286782<56B 9=;LC985AEE655659832;6=35! 316LG2LB6N6;97 2C.%ghi!jk,’ k&
.51AG2= 36E1=9;9@L125789@86556B! ;2=@A2@6125:6E9G6G986A=:9A=B6B :L@69@8271L* lei!%g") B"’AB"" k!jk") k&
,$*01L125+25JA67Aaa;6B ;<=@A<535C982;9=@3yu>C«‹/¢›(cid:141)fi(z{
.*M3<5By#
/*M3598<@<= 86G2<=52GL5368L=9>* I*M351<5398L;2535319A52=B59CL6285* !!.3#K! +28:282‘EM==<5399? 168C<853B8AG;6559=*02;?<=@<=39362E168/18<5O9LE645
,,*01LB= !($! 252*K’]L628]9;B B8AGG68+*
+*D96V7;2<= 1<5N<6>79<=3:L2= 6V2G7;6* YN685<=E6516863<86B <= 316628;L"KK’5! ‘EM==<5125!(,! 16856;C><31 2=AG:689C
/*D9519>19>EA;3A862CC6E35;2=@A2@65* !((! 19::<65*+A3<= $’’#! 1681A5:2=B 9C(’ L6285>25B<2@=956B ><31 E2=E68*X16:6E2G6
I*D9E9G7286B<;;789:2:;L:6B<5EA556B C9;;9><=@316;2537282@8271( 195716861686G2<=6B A=3<;1<5!(-!*/9=E68=6B 3123516>9A;B C66;
.*01<;;B<5277628599=* +*01<;;:6E9G6797A;28* !(#!! ‘EM==<545<53685A@@6536B 516519A;B 38LT9<=<=@316<8;9E2;B8AG@89A7*
/*%9>316>98;B45;2=@A2@65><;;B6N6;97*I*%9>36E1=9;9@L><;;E12=@6;2=@A2@65* IA8<=@3123C<853!(K!! O9LE6519>6B ‘EM==<519>3932?619;B 9C16853<=@53L;6<=39@899N65%„”i»&**M>252G2a6B >16= ‘EM==<53A8=6B ª(cid:228)$
A7 , ME9A;B=43:6;<6N6516>25#K!+ O9LE652L5**X16453169;B65376859= M4N632A@13! :A3516 "*0@¿(cid:229)Kfl#’ (cid:230)(cid:231)’
;<536=52=B !)"!! >1E8623<;B >9G2=! 2=B 2;59<3?6675G6
L9A=@)+
("*.*399? +*563 /*:A<;3 I*79856= !!064N6566= 31619;<31 2:9A3$’’ C2G<;L7193953123B6231686B %6;6=6>6;;! :A351652 +*27786E<23<9= /*T9L I*762E6 168C8<6=B456=3<8619G6>25B65389L6B :LC;99B*.3;6253$$’ 7697;62E8955516=3C982>2;? 39E16E? 9A331619G6! >1259=69C316G2=L
))*.*:63368 +*86CA56 /*789N6 I*2EE673 <= .516N<;;63123>25B65389L6B**06576=32:9A3C9A819A85B<@@<=@3189A@1 316GAB! ;99?<=@
l(cid:138)i!%g"’ B"’AB""*) k!jk") k& C982=L:6;9=@<=@59C1685>6E9A;B C<=B! :6E2A5616819A56;<3682;;LTA53B965=436V<53
!!(cid:134)(cid:135)no(cid:148)(cid:149)!1›(cid:141)fi/¢" s…‰((cid:190)¿(cid:139)(cid:192).‘(cid:190)¿(`´6ˆ# 2=LG986!+ 52<31 2B9;65E6=352:9A3E12=@65!)H! 286:6<=@6V768<6=E6B :L316GE2= 71939@827152=B >6;2<31 59G6E;93165*+
:62E12;;6=@6C982=L7286=3! 6576E<2;;L@19>576E<2;2G6G98LE2= 862;;L:6C9859G6:9BL*+ X9XE16=?68>6=3:2E? 316=6V3
_=6<31 366=5<516;7<=@316GA=B68532=B !)-! ;<65 B2L39@633167193952=B 6=B6B A7 C<=B<=@G986*X1652259:N<9A53123316719395:6;9=@6B
2162B*YV7;2<=<=@19>316<8:9B<65><;;E12=@6593123316L286=43E2A@13:L5A878<56E2= 86BAE6 39GA;3<7;6C2G<;<65*
2E1<;B45!)#! %2=V<9A5&*+6L9=B 71L5G2=L12B <= 1687955655<9=! 516532836B
2:9A331659E<2;2=B ;9A;B
98B 9CG9A31 >9A;B 16;7 86A=<36316G><31 316<88<@13CA;
Q<536=<=@<52!H"! %79>68& L63A=B68]27786E<236B 399;*P286=359C36= E6=36839>28B5 9>=685*
B<86E3=685*XE16=?68525 71939516856;C! :A3719C9A=B 316G! <=E;AB<=@
<=3686532=B 5A77983*.E31<;6316L2862;;9>6B 5628E1 2=B 865EA6362G5*
39789E655316<86V768<6=E62331652G636N68! >16= 316L486A7563! 7286=35E2= <=57<86316G3951286316<8C66;<=@5396256316 "*(cid:242)0¿(cid:229)Kfl")’ (cid:230)(cid:231)’
6G93<9=2;:A8B6=*YV7;98<=@31689939C316<8A=1277<=655E2= 2;59;62B 316G3932?62E3<9=$ MC $*cŁØn(cid:154)ˆ1!"2(ŒK<=@!#
316L486!H)! %:986&! G2L:6316LE2= C<=B 2=6>19::L9857983*
! _=6B2L! 2E9;;6@6:9LC9A=B 1<5C2G<;L457193959= 168M=532@82G 2=B E9=32E36B
%?6,!@A%ghi!jk(’ k&
XE16=?68*
lei!%jk") k&
!!˜;}¯˘˙!}¨(cid:201);˚¸e(cid:204)˝˛ˇ%71939@8271L6V1<:<3<9=&!c}—c(cid:131)&(cid:209)(cid:210)
! D1616283C6;3@823<3AB66V786556B :L316:9L519>6B XE16=?6819>GAE1 1682E3<9=5
(f(cid:211)(cid:212)(cid:213)(cid:214) O91==L(cid:151)(cid:215)!‘(cid:216)(cid:217)(cid:192)$
G62=3*
!!"*˝˛ˇ(cid:218)"$(cid:219)(cid:220)~(cid:221)%‘9B68= ‘638979;<5&’
!!$*ˇ(cid:222)(cid:129)(cid:130)Uƒ(cid:223)’
!!,*(cid:224)SÆ(cid:226)$71939519>d/1<=2B2<;L*E9G
!!!!!!"#$ %- &!’# &" ! !!!!!"#$ %# &!’# &" %&