文档内容
) )
* *
+ +
(’
&%
$#
"!
XXOO22BB55??0055,,II;;<<;;3344,,0055;;??66;;22335533441155<<,,333322==22>>2244FF4411;;44441155<<>>;;??5544..;;FF11;;OO55,,??005533//<<<<,,664455BB>>22II55## 33@@22??##!!%%88!!##‘‘;;441155664411;;??>>,,,,@@22??CC>>22@@55;;..;;44556622;;>>4411;;4411;;3333,,..55--6622??@@>>553322??2244!!44115522..;;CC5533 ’’##++,,--BB,,5533441155--,,..;;??II5555>>((
!!""##$$%%&&
DD1155665511;;OO55==5555??<<;;33443344//BB22553333//CCCC55334422??CCUU;;6633,,??005511;;BB;;>>;;66CC55??,,6644115566??,,0055;;??##HH??5533//0011 CC55??5566;;4455BB==FF((GG..,,BB55>>33..22CC114400,,..55,,//44;;>>224444>>5544,,,,CC,,,,BB##JJ,,22IIFF,,//--;;??4444,,==//FF00>>,,4411553322??;;?? ((##((??CC66FF## ))##RR66;;4455II//>>## **##((<<,,>>,,CC55442200##
3344//BBFF--;;336655>>55;;3355BB22??$$""$$$$##DD11;;4466553355;;660011--;;33==;;3355BB,,??33;;4455>>>>22445522..;;CC5533,,II441155UU;;664422;;?? ,,??>>22??5500>>,,441155333311,,<>## ttpp’’ww(cid:148)(cid:148)(cid:149)(cid:149)!!77!!pp99""88""##
33//66II;;0055##DD115522..;;CC5533--55665500,,..==22??55BB44,,<<66,,BB//0055BB5544;;22>>55BB ..;;<<33,,II441155<<>>;;??5544MM33??,,6644115566?? !!KK""!! 99##::11;;44BB,,5533441155--,,..;;??--;;??4444,,==,,6666,,--((
1155..2233<<11556655##XXTT;;..22??;;4422,,??,,II441155..;;<<33>>55BB44,,55OO22BB55??0055,,II00,,;;3344>>22??55334411;;44,,??005533;;44;;4444115555BBCC55,,II VV,,--((GGSS==;;3355BB22..;;CC55665500,,CC??224422,,??33FF334455..33;;665500;;<<;;==>>55,,II22BB55??4422IIFF22??CC55OO5566FF441122??CC22??22..;;CC5533## ’’(())**!! ((##((001155..22334466FF==,,,,@@## ))##((??,,4455==,,,,@@## **##JJ,,..55..,,??55FF##
;;>>;;66CC55,,0055;;??## ((GG..;;FF334466//CCCC>>5544,,CC55??5566;;44556655;;>>2233442200==;;00@@CC66,,//??BB33,,6600,,??4455TT444411;;44;;0000//66;;4455>>FF6655II>>550044334411556655;;>> !!##!!""##!!$$%%&&’’(())**++,,--""$$%%..""$$//..""0011..223344!!""5566## 88##++,,-->>,,??CCBB,,5533441155--,,..;;??--,,66@@<<;;6644SS4422..5555OO5566FF55OO55??22??CC((
((??,,441155663344//BBFF!!6655>>55;;3355BB22??((//CC//3344!!<<66553355??4455BB55OO22BB55??005533//CCCC55334422??CCUU;;6633..;;FF00,,??44;;22??;; --,,66>>BB##::22441100>>,,33556622??33<<55004422,,??,,II441155==;;00@@CC66,,//??BB,,66..,,665533<<550022II2200;;??;;>>FF332233,,II441155;;0000,,..<<;;??FF22??CC $$##77!!8899""::!!88;;<<==""!!>>??!!@@AABBCC!!""5566DDEE""FF++!!>>GG..HH ((##AA,,66441166555511,,//6633## ))##AA,,66II22OO5511,,//6633## **##AA,,663355OO55??11,,//6633##
>>;;66CC55,,0055;;??BB5555<<==55??55;;441122443333//66II;;0055##DD11;;4455OO22BB55??0055--;;33==;;3355BB,,??VV((JJ((MM33GG??JJ22CC1144YY;;??BB5566## 4455TT44!!--11220011BB,,5533??MM44II2244--224411441155OO2233//;;>>00,,??4455??44!!FF,,//..;;FFBB55445500444411553355((GGSSCC55??5566;;4455BB<<2255005533## II##JJKKLLMM!!@@NNOOPPQQRR??!!SS88HHTTUU!!>>GG..##77!!VV8899""::!!((!!>>3344 ttpp99ww(cid:148)(cid:148)(cid:149)(cid:149)!!77!!pp!!""(cid:150)(cid:150)!!$$""##
%%$$##::11;;44BB,,5533441155//??BB5566>>22??55BB--,,66BB**BB223355..==;;66@@55BB++22??<<;;66;;CC66;;<<11$$..55;;??(( ((##EE55445500444411556655;;>>--,,66>>BB !!""5566##3344WWXXYY66ZZ[[## !!""##::1155??BB22BB441155..;;??55TT<<55004444,,6655005522OO55112233,,66BB5566((
((##YY;;??BB55BB## ))##EE55<<55??BB55BB## **##))66,,@@55## EE##EE2233;;<<<<55;;6655BB## ))##((3333553333==;;00@@CC66,,//??BB;;??BB00,,??4455TT44 %%##$$XX\\]]??!!((WWXXYY^^!!""55__‘‘aa77## ((##HH??UU,,??BB;;FF## ))##HH??DD//5533BB;;FF## **##HH??DD11//6633BB;;FF##
%%%%##::11;;44BB22BB44115566553355;;660011556633II22??BBII66,,..441155BB;;44;;II66,,..!!""##$$%%&&’’(( **##DD112233..55;;??334411;;44;;[[;;00@@5544..;;FF;;<<<<55;;6644,,,,??220055 !!!!##++,,--BB,,5533441155..;;??33,,//??BB((
((##DD1155334466//0044//6655,,IIUU;;6633## EE##((GGSSCC55??5566;;4455BB22..;;CC55334455??BB44,,3311,,--22..<<5566II55004422..;;CC5533 ++,,--..!!//00""112233##44..%%""..$$ ((##VV5566OO,,//33## ))##((????,,FF55BB## **##((3311;;..55BB##
))##DD1155==226644114422..55,,IIUU;;6633## XX##JJ,,..55,,II4411553355556666,,6633;;665555;;3322>>FF??,,44220055;;==>>5544,,11//..;;??33 !!!!!!!!!!bb!!""!!::!!!!cc!!((!!!!!!>>!!GG!!44!!XX!!YY!!66!!##!!dd!!ee!!ff!!gg!!\\]]!!??!!!!!!hh!!((!!ii!!jj!!kk!!ll++::mm((XXYY66++!!>>nn !!$$##::11;;44;;665544115533<<55;;@@556633..;;22??>>FF44;;>>@@22??CC;;==,,//44((
**##((>>;;66CC55==>>,,00@@,,II220055,,??UU;;6633## AA##DD1155FF,,II4455??11;;OO55;;??//??..223344;;@@;;==>>FF;;664422II220022;;>>;;<<<<55;;66;;??0055 HHoo!!""5566## ((##((--66,,??CCBB55>>22OO5566FF## ))##((II;;..,,//33II2266..## **##EE22IIII556655??44II66//224433##
EE##JJ22CC??33,,II;;??;;??002255??44,,0055;;??,,??UU;;6633## RR##))//44--22441100;;6655II//>>,,==335566OO;;4422,,??!!FF,,//00;;??33<<,,44441155BB22IIII556655??005533 pp__qq!!$$rr&&==""%%<<==""!!##&&kk!!sskk’’##&&kk&& ttpp88ww(cid:148)(cid:148)(cid:149)(cid:149)!!77!!pp!!%%(cid:150)(cid:150)!!QQ""##
%%KK##::11;;44BB22BB44115555;;66>>22556666553355;;660011BB223300,,OO5566II66,,..OO,,>>00;;??,,5533,,??UU;;6633(( ++99--..!!$$::;;<<""112233##44..%%""..$$ ttuuvv&&wwDDxx##<>55TT//33//;;>>>>FF4466;;OO55>><<66,,==;;==>>FF((
((##GG4433..22>>BB55??OO2266,,??..55??44## ))##DD115555TT22334455??0055,,II--;;445566## pp__qq!!$$rr!!&&==""%%<<==""!!kk!!sskk!!&&kk&& (cid:127)(cid:127)##tt(cid:130)(cid:130)<>;;662244FF44,,441155XX;;664411## EE##DD1155BB2233;;<<<<55;;66;;??0055,,II>>22II55## (cid:135)(cid:135)(cid:136)(cid:136)uuvv(cid:152)(cid:152)(cid:153)(cid:153)!!zz<<""||}}++((""))""**""EE(cid:154)(cid:154)yy88(cid:127)(cid:127){{88;;(cid:160)(cid:160)¡¡22¢¢££(cid:144)(cid:144)⁄⁄++(cid:128)(cid:128)(cid:129)(cid:129)88(cid:127)(cid:127)## __(cid:138)(cid:138)## ))##EE//6622??CC44115533<<6622??CC==6655;;@@##
%%&#++,,--BB22BB441155$$""$$$$3344//BBFF22??OO55334422CC;;4455UU;;6633(( ]]55;;6633;;CC,,!!GG44,,,,@@;;<<>>;;??5544,,**//==;;II,,66--,,66@@##GG33;;44??55TT4444,,;;!!KK!!!!>>;;BBFF22??441155--;;224422??CC (cid:139)(cid:139)’’++,,--..//001122334411553311226644(( **##EE//6622??CC44115533//....5566OO;;00;;4422,,??##
((##))FF//3322??CCBB;;44;;II66,,..441155!!""##$$%%&&’’66,,OO5566## 11;;>>>>##DD1155>>;;BBFF!!22??115566’’""33!!--;;3300;;>>>>55BBLL;;??55;;??BB--;;334466FF22??CC44,,!!KK$$!!44,,11556611,,..55>>;;??BB!!**//==;;## !!!!((##77!!88##!!&# ))##7788##!!99## **##7788##!!&# !!KK##::11,,BB,,5533JJ//WWFF,,II4455??4466;;OO55>>--224411((
))##))FF;;??;;>>FFWW22??CC33;;4455>>>>22445522..;;CC553344,,006655;;4455..;;<<33## ++;;OO22??CC==5555??CC22OO55??!!KK%%!!II66,,..441155;;//4411,,662244FF!!LL;;??55--;;33;;>>>>,,--55BB44,,OO22332244115566001122>>BB--11,, !!>>(cid:140)(cid:140)**## ((##++5566II;;..22>>FF## ))##++5566II662255??BB33## **##((>>55TT##
**##))FF55TT;;..22??22??CC441155<<>>;;??5544MM3333,,//44115566??1155..2233<<11556655## --;;33332200@@22??441155\\JJ##DD1155??331155!!KKKK!!==;;00@@;;>>,,??55--224411;;>>;;FF,,OO556622??UU22;;..223322??0055441155II>>22CC1144--;;33 !!##::11;;442233441155<<66,,==;;==>>556655>>;;4422,,??331122<<==5544--5555??44115533<<55;;@@556633(( !!&#::11;;44BB,,5533JJ//WWFF33;;FF;;==,,//44..,,??55FF((
EE##))FFCC55444422??CC22??II,,66..;;4422,,??II66,,..VV((JJ((MM33GG??JJ22CC1144YY;;??BB5566## !!KK&&!!##JJ11553344;;664455BB44,,0066FF;;??BBII55>>44!!KKQQ!!==5500;;//335533115511;;BB??,,II662255??BB33,,66II;;..22>>FF22??UU22;;..22!!;;??BB ((##AA;;44115566;;??BBBB;;//CC11445566## ))##DD55;;00115566;;??BB3344//BB55??44## **##EE,,0044,,66;;??BB<<;;442255??44## ((##GG442233--,,66441133;;OO22??CCII,,66446622<<33##
pp(cid:141)(cid:141)qq!!$$rr&&==""%%<<==""$$##&&kk!!sskk!!$$##&&kk&& 331155--;;33;;II66;;22BB4411;;4433115511;;BB44,,33>>5555<<22??441155;;2266<<,,66443322??0055331155!!KK’’!!115566II>>22CC1144II,,66441155??55TT44BB;;FF## $$##::11556655;;665544115500;;66@@55FF33(( ))##GG443311,,//>>BB==5533<<55??44,,??==22CC446622<<33##
(cid:135)(cid:135)(cid:136)(cid:136)uuvv(cid:152)(cid:152)(cid:153)(cid:153)!!zz(cid:152)(cid:152)(cid:153)(cid:153)??++88(cid:127)(cid:127){{88;;(cid:160)(cid:160)¡¡22¢¢££(cid:144)(cid:144)⁄⁄++(cid:128)(cid:128)(cid:129)(cid:129)88(cid:127)(cid:127)##88(cid:127)(cid:127){{iijj(cid:127)(cid:127)¥¥ƒƒ§§ **,,??3322BB556622??CCLL;;??55MM33!!KK99!! !!GG00;;>>>>55BB..FFII662255??BB!!UU;;66FF!!--11,,>>22OO55BB22??UU22;;..22!!;;??BB;;33@@55BB115566 ((##GG??441155==;;CC## ))##HH??441155II>>,,,,66## **##GG??3322BB5544115500;;66## **##GG442233,,II4455??--;;334455BB22??>>224444>>55446622<<33##
88(cid:127)(cid:127)## 22II44112233>>224444>>55,,>>BB>>;;BBFF00,,//>>BB!!KK88!!,,OO5566??22CC114422??11556611,,//3355##GG44,,>>BBUU;;66FFLL;;??55MM33BB22>>55....;;!!;;??BB %%##::11;;442233441155..;;??CC,,22??CC44,,BB,,II22663344(( !!QQ##::11;;442233JJ//WWFF>>22@@55((
GG??44,,BB;;FFMM33BB22CC2244;;>>;;CC55!!;;664422II220022;;>>22??4455>>>>22CC55??0055$$((GG&&2233==5500,,..22??CC22??006655;;3322??CC>>FF00,,..<<>>2200;;4455BB!! UU;;66FF!!&&""!!;;000055<<4455BBLL;;??55##JJ115533;;22BB331155--,,//>>BB6655..;;@@55441155==55BB--224411??55--331155554433;;??BB==//FF33,,..55 ((##AA22>>>>33,,..55II,,66..33## ))##((444455??BB;;..55554422??CC## **##JJ5555;;BB,,0044,,66## ((##AA,,,,>>223311## ))##EE22IIII2200//>>44## **##++;;66BB--,,66@@22??CC##
..;;@@22??CC224411;;66BB44,,4455>>>>((GGSSCC55??5566;;4455BB22..;;CC5533II66,,..6655;;>>,,??5533006655;;4455BB==FF11//..;;??33##!!%%QQ!!## 11,,44II,,,,BBII,,66LL;;??55## KK##::11;;442233LL;;00@@MM33;;44442244//BB5544,,33--22....22??CC,,//443322BB55,,??00,,>>BBBB;;FF33(( ttpp!!""ww(cid:148)(cid:148)(cid:149)(cid:149)!!77!!pp!!’’(cid:150)(cid:150)$$""""##
??@@’’33**%%$$((**@@$$77""7788$$((’’----$$##%%00 ((33GG44,,,,@@LL;;??5544,,UU;;66FFMM3311,,..55!!UU;;66FF;;??BB115566..,,44115566!!&&!!!!//33##****,,..5522??!!<<>>55;;3355,,++ ((##NN2200@@FF## ))##JJ;;442233II2255BB## **##GG??BB22IIII556655??44## !!’’##::1155??BB22BBJJ,,//4411((II662200;;==5500,,..5522??BB55<<55??BB55??44((
((GGSSCC55??5566;;4455BB22..;;CC5533..;;FF55TT1122==2244BB22334422??0044<<22TT55>><<;;44445566??334411;;44BB22IIII5566II66,,..4411,,3355II,,//??BB22?? 441155FF33;;22BB##DD1155..,,..55??44UU;;66FFMM33..,,4411556633;;--LL;;??55!!331155II66,,WW55##**LL;;??55!!22332244FF,,//((++UU;;66FFMM33..,,44115566 &#++,,--..//0011BB22BB441155==,,FFMM33..,,44115566CC22OO5544,,1122..;;>>44,,CC554411556644,,BB;;FF(( ((##GG??!!88!!QQ## ))##GG??!!88&&!!## **##GG??!!88QQ!!##
<<11,,44,,CC66;;<<1133,,66 11;;??BBSSBB66;;--??22..;;CC5533##!!%%’’!!!!3311,,--22??CC 55TT0055333322OO55 BB5544;;22>>;;??BB <<665500223322,,??## --112233<<556655BB!!55FF5533II22>>>>55BB--224411 !!&&$$!!##LL;;??55??,,BBBB55BB!!;;??BB441155FF55..==66;;0055BB!!4455;;6633II>>,,--22??CC##GG44 ((##PPKK""""## ))##PP&&""""## **##PP’’""""## !!99##::11;;44223344115533<<55;;@@5566MM3366;;0022;;>>==;;00@@CC66,,//??BB((
((??;;>>FFWW22??CC441155<<22TT55>><<;;44445566??3300;;??1155>><<22BB55??4422IIFF441155BB22CC2244;;>>;;664422II;;004433,,666655<<5544224422OO55<<;;44445566??334411;;44 !!&&%%!!4411;;44441155FF11;;BB==5555??,,>>BB??5522CC11==,,663322??**//==;;BB5500;;BB5533;;CC,,## pp(cid:141)(cid:141)qq!!$$rr!!&&==""%%<<==""!!##&&kk!!sskk$$$$##&&kk&& ((##VV;;4422OO55((..55662200;;??##
;;665500,,....,,??>>FF;;3333,,0022;;4455BB--224411((GGSSCC55??5566;;4455BBOO2233//;;>>33## GG--;;33;;>>33,,;;..;;WW55BB;;444411552266!!&&KK!!;;II445566;;>>,,??CC3355<<;;66;;4422,,??##aa??,,--22??CCLL;;??55--;;3333;;II5522??441155 !!!!ttuuvv&&wwDDxx(cid:142)(cid:142)(cid:143)(cid:143)(cid:144)(cid:144)##<>,,OO22??CC11;;??BB33!!GG--;;33!!&&&&!!;;??BB66//331155BB44,,00;;440011;;??,,44115566II>>22CC1144## {{88;;(cid:128)(cid:128)(cid:129)(cid:129)88(cid:127)(cid:127)##tt<>IIEE//440011;;??BB11;;>>IIXX??CC>>223311##
((GGSSCC55??5566;;4455BB22..;;CC5533,,II4455??55TT1122==2244;;==??,,66..;;>>224422553322??11;;??BB33!!33//0011;;3355TT4466;;II22??CC556633##JJ22??0055 KK!!##((##44;;>>>> ))##00,,??II22BB55??44 **##..22BBBB>>55SS;;CC55BB EE##3355??22,,66 ==""((}};;&&(cid:132)(cid:132)ll++(cid:147)(cid:147)!!::mm##<>5533330055??4466;;>>22??22..;;CC55334411;;??II;;005533!!;;0000//66;;4455BB5533006622<<4422,,??<<,,335533;;0011;;>>>>55??CC55II,,66((GG## KK$$##((##665544//66?? ))##6655II5566 **##II>>5555 EE##00,,??446622==//4455 ttppQQww(cid:148)(cid:148)(cid:149)(cid:149)!!77!!ppQQ""’’""## ((##DD;;==>>55UU,,//??44;;22??##
HH44115566441122??CC33>>22@@5533446655440011FF--662233443322??22..;;CC5533..55;;??441155FF;;6655<<66,,==;;==>>FF((GGSS006655;;4455BB##!!%%99!!!!--1122>>55 KK%%##((##22????,,OO;;4422,,?? ))##55OO;;>>//;;4422,,?? **##<<5566..22333322,,?? EE##00>>;;6622II2200;;4422,,?? QQ##::11;;442233441155..;;??00,,..<<>>;;22??22??CC;;==,,//44(( ))##DD1155**;;<<55,,IIRR,,,,BB++,,<<55##
,,4411556633CC55??5566;;4455BB==FF??55--5566((GG..,,BB55>>33;;665511;;66BB556644,,BB22334422??CC//223311## KKKK##((##BB66,,OO55 ))##II>>55-- **##--;;>>@@55BB EE##00FF00>>55BB ((##DD11556655223344,,,,..//0011??,,223355## **##DD1155VV55>>33,,??UU;;??BB55>>;;UU//3355//..##
AA..--**66$$..<<$$##7799(($$##44$$66----$$@@--//##$$00 KK&#((##==,,,,@@55BB ))##00,,??4422??//55BB **##<<,,3344<<,,??55BB EE##>>;;//??001155BB ))##++223311,,..55--,,66@@2233BB22IIII2200//>>44## $$""##::11;;44--22>>>>44115533<<55;;@@5566<<66,,==;;==>>FFBB,,--224411441155>>22334455??556633II22663344((
JJ,,..55((GG22..;;CC55CC55??5566;;44,,6633<<66,,BB//00554455TT44//6655334411;;44;;665555TT0055333322OO55>>FF33..,,,,4411,,66<<>>;;33442200SS>>,,,,@@22??CC KKQQ##((##3300;;6655BB ))##;;..;;WW55BB **##0011555566II//>> EE##4411;;??@@II//>> **##++55BB,,5533??MM44CC554455??,,//CC1133>>5555<<## ((##NN;;00@@==;;CC33## ))##RR,,44,,;;11,,4455>>## **##++22@@55;;..,,//??44;;22??##
!!""##$$%%&&
!!!!""##$$!!%%!!!!!!!!’’&&""’’!!""&#$$ !!!!""##$$!!%%!!!!!!!!99&&""’’!!""&#$$ !!!!""##$$!!%%!!!!!!!!!!&&""’’!!""&#$$ !!!!""##$$!!%%!!!!!!!!$$&&""’’!!""&#$$
!!""##$$!!%% !!""##$$!!%% !!""##$$!!%% !!""##$$!!%%
书书书书书书(’
&%
$#
"!
XO2B5?05,I;<;34,05;?6;2353415<,332=2>24F41;4415<>;?54.;F1;O5,?053/<<,645B>2I5# 3@2?#!%8!#‘;415641;?>,,@2?C>2@5;.;4562;>41;41;33,.5-62?@>532?24!4152.;C53 ’#+,-B,53415-,.;?I55>(
!"#$%&
D15651;O5=55?<;3434/B2533/CC5342?CU;63,?051;B;>;6C5?,64156?,05;?#H?53/01 C5?56;45B=F(G.,B5>3.2C140,.5,/4;>244>54,,C,,B#J,2IF,/-;?44,=/F0>,41532?;? (#(?C6F# )#R6;45I/># *#(<,>,C5420#
34/BF-;365>5;35B2?$"$$#D1;46535;601-;3=;35B,?3;45>>2452.;C53,I415U;642;? ,?>2?50>,415331,# tp’w(cid:148)(cid:149)!7!p9"8"#
3/6I;05#D152.;C53-5650,.=2?5B4,<6,B/05B54;2>5B .;<3,I415<>;?54M3?,64156? !K"! 9#:1;4B,53415-,.;?-;?44,=,66,-(
15.23<1565#XT;.2?;42,?,I415.;<3>5B4,5O2B5?05,I0,;34>2?5341;4,?053;4;44155BC5,I V,-(GS=;35B2.;C5650,C?242,?3F345.3;650;<;=>5,I2B5?42IF2?C5O56F412?C2?2.;C53# ’()*! (#(015.2346F=,,@# )#(?,45=,,@# *#J,.5.,?5F#
;>;6C5,05;?# (G.;F346/CC>54,C5?56;4565;>23420=;0@C6,/?B3,60,?45T441;4;00/6;45>F65I>504341565;> !#!"#!$%&’()*+,-"$%."$/."01.234!"56# 8#+,->,?CB,53415-,.;?-,6@<;64S42.55O56F5O5?2?C(
(?,415634/BF!65>5;35B2?(/C/34!<6535?45B5O2B5?053/CC5342?CU;63.;F0,?4;2?; -,6>B#:2410>,3562?3<5042,?,I415=;0@C6,/?B,6.,653<502I20;?;>F323,I415;00,.<;?F2?C $#7!89":!8;<="!>?!@ABC!"56DE"F+!>G.H (#A,6416551,/63# )#A,6I2O51,/63# *#A,635O5?1,/63#
>;6C5,05;?B55<=5?5;412433/6I;05#D1;45O2B5?05-;3=;35B,?V(J(M3G?J2C14Y;?B56# 45T4!-1201B,53?M4I24-241415O23/;>0,?45?4!F,/.;FB5450441535(GSC5?56;45B<25053# I#JKLM!@NOPQR?!S8HTU!>G.#7!V89":!(!>34 tp9w(cid:148)(cid:149)!7!p!"(cid:150)!$"#
%$#:1;4B,53415/?B56>2?5B-,6B*B235.=;6@5B+2?<;6;C6;<1$.5;?( (#E5450441565;>-,6>B !"56#34WXY6Z[# !"#:15?B2B415.;?5T<5044,65052O5123,6B56(
(#Y;?B5B# )#E5<5?B5B# *#)6,@5# E#E23;<<5;65B# )#(33533=;0@C6,/?B;?B0,?45T4 %#$X\]?!(WXY^!"5_‘a7# (#H?U,?B;F# )#H?D/53B;F# *#H?D1/63B;F#
%%#:1;4B2B4156535;601563I2?BI6,.415B;4;I6,.!"#$%&’( *#D123.5;?341;4;[;0@54.;F;<<5;64,,?205 !!#+,-B,53415.;?3,/?B(
(#D15346/04/65,IU;63# E#(GSC5?56;45B2.;C5345?B4,31,-2.<56I5042.;C53 ) ) +,-.!/0"123#4.%".$ (#V56O,/3# )#(??,F5B# *#(31;.5B#
)#D15=264142.5,IU;63# X#J,.5,I41535566,63;655;32>F?,4205;=>54,1/.;?3 !!!!!b!"!:!!c!(!!!>!G!4!X!Y!6!#!d!e!f!g!\]!?!!!h!(!i!j!k!l+:m(XY6+!>n !$#:1;4;654153<5;@563.;2?>F4;>@2?C;=,/4(
*#(>;6C5=>,0@,I205,?U;63# A#D15F,I45?1;O5;?/?.234;@;=>F;642I202;>;<<5;6;?05 Ho!"56# (#(-6,?CB5>2O56F# )#(I;.,/3I26.# *#E2II565?4I6/243#
E#J2C?3,I;?;?025?4,05;?,?U;63# R#)/4-2410;65I/>,=356O;42,?!F,/0;?3<,4415B2II565?053 p_q!$r&="%<="!#&k!sk’#&k& tp8w(cid:148)(cid:149)!7!p!%(cid:150)!Q"#
%K#:1;4B2B4155;6>2566535;601B230,O56I6,.O,>0;?,53,?U;63( +9-.!$:;<"123#4.%".$ tuv&wDx#5T/3/;>>F46;O5><6,=;=>F(
(#G43.2>B5?O26,?.5?4# )#D155T2345?05,I-;456# p_q!$r!&="%<="!k!sk!&k& (cid:127)#t(cid:130);624F4,415X;641# E#D15B23;<<5;6;?05,I>2I5# (cid:135)(cid:136)uv(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:160)¡2¢£(cid:144)⁄+(cid:128)(cid:129)8(cid:127)# _(cid:138)# )#E/62?C4153<62?C=65;@#
%+,-B2B415$"$$34/BF2?O5342C;45U;63( ]5;63;C,!G4,,@;<>;?54,*/=;I,6-,6@#G3;4?5T44,;!K!!>;BF2?415-;242?C (cid:139)’+,-./012341531264( *#E/62?C4153/..56O;0;42,?#
(#)F/32?CB;4;I6,.415!"#$%&’6,O56# 1;>>#D15>;BF!2?156’"3!-;30;>>5BL;?5;?B-;346F2?C4,!K$!4,1561,.5>;?B!*/=;# !!(#7!8#! )#78#!9# *#78#! !K#:1,B,53J/WF,I45?46;O5>-241(
)#)F;?;>FW2?C3;45>>2452.;C534,065;45.;<3# +;O2?C=55?C2O5?!K%!I6,.415;/41,624F!L;?5-;3;>>,-5B4,O2324156012>B-1, !>(cid:140)*# (#+56I;.2>F# )#+56I625?B3# *#(>5T#
* *
*#)F5T;.2?2?C415<>;?54M33,/4156?15.23<1565# -;3320@2?415\J#D15?315!KK!=;0@;>,?5-241;>;F,O562?U2;.232?05415I>2C14-;3 !#:1;423415<6,=;=>565>;42,?312<=54-55?4153<5;@563( !:1;4B,53J/WF3;F;=,/4.,?5F(
E#)FC5442?C2?I,6.;42,?I6,.V(J(M3G?J2C14Y;?B56# !K&!#J1534;645B4,06F;?BI5>4!KQ!=50;/353151;B?,I625?B3,6I;.2>F2?U2;.2!;?B (#A;4156;?BB;/C1456# )#D5;0156;?B34/B5?4# *#E,04,6;?B<;425?4# (#G423-,6413;O2?CI,6462<3#
p(cid:141)q!$r&="%<="$#&k!sk!$#&k& 315-;3;I6;2B41;43151;B4,3>55<2?415;26<,6432?05315!K’!156I>2C14I,6415?5T4B;F# $#:1565;654150;6@5F3( )#G431,/>B=53<5?4,?=2C462<3#
(cid:135)(cid:136)uv(cid:152)(cid:153)!z(cid:152)(cid:153)?+8(cid:127){8;(cid:160)¡2¢£(cid:144)⁄+(cid:128)(cid:129)8(cid:127)#8(cid:127){ij(cid:127)¥ƒ§ *,?32B562?CL;?5M3!K9! !G0;>>5B.FI625?B!U;6F!-1,>2O5B2?U2;.2!;?B;3@5B156 (#G?415=;C# )#H?415I>,,6# *#G?32B54150;6# *#G423,I45?-;345B2?>244>5462<3#
8(cid:127)# 2I4123>244>5,>B>;BF0,/>B!K8!,O56?2C142?1561,/35#G4,>BU;6FL;?5M3B2>5..;!;?B %#:1;423415.;?C,2?C4,B,I2634( !Q#:1;423J/WF>2@5(
G?4,B;FM3B2C24;>;C5!;642I202;>2?45>>2C5?05$(G&23=50,.2?C2?065;32?C>F0,.<>20;45B! U;6F!&"!;005<45BL;?5#J153;2B315-,/>B65.;@5415=5B-241?5-315543;?B=/F3,.5 (#A2>>3,.5I,6.3# )#(445?B;.5542?C# *#J55;B,04,6# (#A,,>231# )#E2II20/>4# *#+;6B-,6@2?C#
.;@2?C241;6B4,45>>(GSC5?56;45B2.;C53I6,.65;>,?53065;45B=F1/.;?3#!%Q!# 1,4I,,BI,6L;?5# K#:1;423L;0@M3;4424/B54,3-2..2?C,/432B5,?0,>BB;F3( tp!"w(cid:148)(cid:149)!7!p!’(cid:150)$""#
?@’3*%$(*@$7"78$(’--$#%0 (3G4,,@L;?54,U;6FM31,.5!U;6F;?B156.,4156!&!!/3#**,.52?!<>5;35,+ (#N20@F# )#J;423I25B# *#G?B2II565?4# !’#:15?B2BJ,/41(I620;=50,.52?B5<5?B5?4(
(GSC5?56;45B2.;C53.;F5T12=24B2342?04<2T5><;4456?341;4B2II56I6,.41,35I,/?B2? 415F3;2B#D15.,.5?4U;6FM3.,41563;-L;?5!315I6,W5#*L;?5!2324F,/(+U;6FM3.,4156 +,-./01B2B415=,FM3.,4156C2O54,12.;>4,C541564,B;F( (#G?!8!Q# )#G?!8&!# *#G?!8Q!#
<1,4,C6;<13,6 1;?BSB6;-?2.;C53#!%’!!31,-2?C 5T05332O5 B54;2>;?B <650232,?# -123<565B!5F53I2>>5B-241 !&$!#L;?5?,BB5B!;?B415F5.=6;05B!45;63I>,-2?C#G4 + + (#PK""# )#P&""# *#P’""# !9#:1;4234153<5;@56M36;02;>=;0@C6,/?B(
(?;>FW2?C415<2T5><;4456?30;?15><2B5?42IF415B2C24;>;642I;043,665<54242O5<;4456?341;4 !&%!41;4415F1;B=55?,>B?52C1=,632?*/=;B50;B53;C,# p(cid:141)q!$r!&="%<="!#&k!sk$$#&k& (#V;42O5(.5620;?#
;650,..,?>F;33,02;45B-241(GSC5?56;45BO23/;>3# G-;3;>3,;.;W5B;441526!&K!;I456;>,?C35<;6;42,?#a?,-2?CL;?5-;33;I52?415 !!tuv&wDx(cid:142)(cid:143)(cid:144)#,O2?C1;?B3!G-;3!&&!;?B6/315B4,0;401;?,4156I>2C14# {8;(cid:128)(cid:129)8(cid:127)#tIE/401;?B1;>IX?C>231#
(GSC5?56;45B2.;C53,I45?5T12=24;=?,6.;>242532?1;?B3!3/01;35T46;I2?C563#J2?05 K!#(#4;>> )#0,?I2B5?4 *#.2BB>5S;C5B E#35?2,6 ="(};&(cid:132)l+(cid:147)!:m#53305?46;>2?2.;C5341;?I;053!;00/6;45B53062<42,?<,353;01;>>5?C5I,6(G# K$#(#654/6? )#65I56 *#I>55 E#0,?462=/45 tpQw(cid:148)(cid:149)!7!pQ"’"# (#D;=>5U,/?4;2?#
H4156412?C3>2@53465401F-623432?2.;C53.5;?415F;65<6,=;=>F(GS065;45B#!%9!!-12>5 K%#(#2??,O;42,? )#5O;>/;42,? *#<56.2332,? E#0>;62I20;42,? Q#:1;423415.;?0,.<>;2?2?C;=,/4( )#D15*;<5,IR,,B+,<5#
,41563C5?56;45B=F?5-56(G.,B5>3;651;6B564,B2342?C/231# KK#(#B6,O5 )#I>5- *#-;>@5B E#0F0>5B (#D1565234,,./01?,235# *#D15V5>3,?U;?B5>;U/35/.#
A.-*6$.<$#79($#4$6--$@-/#$0 K(#=,,@5B )#0,?42?/5B *#<,34<,?5B E#>;/?015B )#+231,.5-,6@23B2II20/>4# $"#:1;4-2>>4153<5;@56<6,=;=>FB,-241415>2345?563I2634(
J,.5(G2.;C5C5?56;4,63<6,B/0545T4/65341;4;655T05332O5>F3.,,41,6<>;3420S>,,@2?C KQ#(#30;65B )#;.;W5B *#01556I/> E#41;?@I/> *#+5B,53?M4C545?,/C13>55<# (#N;0@=;C3# )#R,4,;1,45># *#+2@5;.,/?4;2?#
!"#$%&
!!"#$!%!!!!’&"’!"$ !!"#$!%!!!!9&"’!"$ !!"#$!%!!!!!&"’!"$ !!"#$!%!!!!$&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%
书书书+"-.!56"123#4.&".$ $!#:1;4B,-5@?,-;=,/4R655?*;<5Y2C141,/35( $K#:1;4B,53415/?B56>2?5B-,6B*233/5+2?415I2634<;6;C6;<165I564,( ,<42,?32?05240;?=53/34;2?;=>FI2315B#J2?0534;642?C415<>5BC5!):A+ 1;3355?;
p_q!$r!&="%<="$#&k!sk%’#&k& (!#G!42!3!,?!>F!,24F# 3/6<6232?C$#$^B5065;352?4,4;>5.2332,?3<560;>,625#D123653/>4,I41535.5;3/653.;40153
(cid:135)(cid:136)u(cid:151)(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:128)(cid:129)8(cid:127)# )#G4B;453=;0@4,415!94105?4/6F# )#(>;0@,I6535;601I/?B3,II25>B462<3# ;32.2>;634/BFI6,.UGD;?B0;?01;?C51,--5412?@,I<>;?4S=;35BI,,B3#
! *#G412C1>2C1432431234,620;>>;?B30;<5# *#(O;6254F,I3025?42I20-,6@;=>53,>/42,?3# $9#:1FB,53415;/41,6;3@;Z/5342,?2?415I2634<;6;C6;<1(
"#$$%&’($)*+,-,./0$"/*1$12./# E#G423=534@?,-?I,624365.,45>,0;42,?# E#D15B23;=>5B3025?42343MB2II20/>4253;4-,6@# (#D,3/..;62W541545T4#
A2634>242?!99%!R655?*;<5Y2C141,/35234153,/4156?.,34;?B350,?B4;>>534 $$#:15?0;?O2324,63-;401-1;>53;4415>2C141,/35( $:1;423U;631;>>M3.;2?6<,352?,6C;?2W2?C415462<( )#D,<6535?4;0,?46,O5632;>233/5#
>2C141,/352?V5-J,/41:;>53#Y5B=F;@?,->5BC5;=>5C/2B5!F,/-2>>B230,O56415,>B (#(4!’%"<.,?415I2634D1/63B;F,IL/>F# (#D,31,-415B23;=>5B3025?42343M45;.-,6@# *#D,2?46,B/054154,<20,IB230/332,?#
/?2Z/5;60124504/65;?BI;302?;42?C1234,6F,I415>2C141,/35#+5;634,6253;=,/4O,F;C53;?B )#(4!!’%";.,?415>;34D/53B;F,I(<62># )#D,31,-415=;662563B23;=>5B3025?42343.554# E#D,6;235B,/=43;=,/4415I,>>,-2?CB;4;#
5?[,F31,65S=;35B-1;>5-;4012?C;?B=65;414;@2?CO25-3#\?0,O56-1;4>2I5-;3>2@5I,6 *#(4!!’"";.,?415I263441655D1/63B;F3,IL;?/;6F# *#D,31,-41534/B5?43M0,/6;C54,,O560,.5B2II20/>4253# $8#:1;4B,-5@?,-;=,/4):A+(
>2C141,/35@55<563>2O2?C2?412365.,453465401,I0,;34-24141526I;.2>253# E#(4!"’"";.5O56FD1/63B;F,IJ5<45.=56;?BH04,=56# E#D,31,-4152?456;042,?=54-55?3025?42343;?B34/B5?43# (#G4I;O,/63.5;4<6,B/043#
J<62?C23415<5;@,I415-1;>5.2C6;42,?!;?BR655?*;<5234152B5;><,2?44,3<,4 $%#:1;4B,534154,/6,II56( $Q#:1;423415;/41,6M3;4424/B54,B23;=>5B3025?42343( )#G4<>5BC534,65B/050,?3/.<42,?#
-1;>53#D15F;65,I45?355?O56F0>,354,R655?*;<5!,II562?C;.;W2?CB23<>;F3,I<,-56;?B (#:155>01;26;00533# ! ! (#J/<<,642O5# )#*/62,/3# *#E,/=4I/># E#*62420;># *#G44;@53;BO;?4;C5,IC655?1,/35C;3#
I>5T2=2>24F;3415F<;33# )#H?>2?5;?B,II>2?565356O;42,?3# $’#:1;40;?=5415=534424>5I,641545T4( E#G431,-30,?056?I,64155?O26,?.5?4#
2,$-*3$4.#5’-6,*%+5,’7$0 *#D20@543I,6012>B65?/?B56415;C5,I (#E23;=>5BJ025?42343’H6C;?2W2?CA25>BD62<3(042O5>F %"#:1;4B,53<;6;C6;<1%.;2?>F3;F;=,/4):A+(
"D1/63B;F!L;?/;6F$?B%D1/63B;F!L;?/;6F841%D1/63B;F!L;?/;6F!Q41 E#:5;4156I,60;343;?B;O25-2?C<>;4I,6.# )#E23;=>5BJ025?42343’X?1;?02?CN6,=>5.S3,>O2?CJ@2>>3 (#G43<>;?34,2?065;35I,,B,6B563#
D,/642.53’!"’"";.4,!!’%";.;?B!$’""<.4,!’%"<. : *#E23;=>5BJ025?42343’D6F2?C4,R544,415Y;@5N1F320;>>F )#D156201?533,I2430;I54562;.5?/#
"D1/63B;F!(<62>!"41%D/53B;F!(<62>!&41 E23;=>5B3025?42343,I45?I;05B2II20/>4253-12>50;66F2?C,/441526-,6@#J,3,.53025?42343 E#E23;=>5BJ025?42343’J55@2?C*1;?C534,G.<6,O5D1526:,6@ *#G43346;45C2534,<6,.,45<>;?4S=;35B.5;>3#
D,/642.53’!"’"";.4,!!’%";. -241B23;=2>24253;6546F2?C4,=62?C415233/52?4,415=>205F5;?B0,.5/<-241-,6@;=>5 & E#D15B23;BO;?4;C53,I243B254;6F653462042,?3#
"D1/63B;F!L/>F!"41%D1/63B;F!J5<45.=56$&41%D1/63B;F%H04,=56$?B 3,>/42,?3#(?24;U;631;>>23;C5,>,C234I6,.415\?2O56324F,IA>,62B;#(3;B,04,6;>34/B5?4! :51;O5;>>15;6B41;465B/02?C.5;4;?BB;26F0,?3/.<42,?23;?2.<,64;?4=51;O2,6;> %!#:1201-,6B=534B53062=534155II504,I):A+M3.5;3/653(
D,/642.53’!"’"";.4,!!’%";. U;631;>>-5?4,?I25>B462<3-241,415634/B5?43#)/4315,I45?1;B4,-;242?4150;6=50;/35 01;?C541;40;?15><-241,/6<>;?54M30>2.;45#+,-5O56!-1;423;3/00533I/>346;45CF4,C54 (#‘5.;6@;=>5# )#D5.<,6;6F# *#Y2.245B# E#H?5S32B5B#
!66$00*8*7*-9 415,6C;?2W5631;B?,441,/C14;=,/4156B23;=2>24253# <5,<>54,0,?3/.5.,65<>;?4S=;35BI,,B( >
" "
V,-155>01;26;00533# +,-5O56!U;631;>>3;F3-12>5315I;0533,.5>2.24;42,?3!24B,53?,4.5;?3150;??,4B, )62C1;.;?B :,.5?M3A;/>@?56+,3<24;>$):A+&1;3;?;?3-56#G4<2,?5565B; J025?423433;F?5->F5T;.2?5BB;4;I6,.;*12?5355T<>,656,?U;63;BB34,5T2342?C
"#’1$ 156[,=#J156505?4>F>5B;?,/42?C,IB23;=>5B3025?423434,;?;4/6;>>;@52?J,/4156? O5C54;62;?,6O5C;?,<42,?4,65B/050>2.;4501;?C5#G423,?5,IQ"1,3<24;>3!/?2O56324253! 5O2B5?0541;4415<>;?54,?051;B;>;6C5,05;?#
D154,/6233/24;=>5I,6;B/>43;?B012>B65?-1,;65&F5;63,>B;?B,O56#],/M>>?55B4, *;>2I,6?2;M3J;?)56?;6B2?,V;42,?;>A,6534#D15C6,/<2?0>/B5B3025?42343;?B34/B5?43-241 .;[,60,6<,6;42,?3!;?B02425341;41;O532C?5B;?2?456?;42,?;><>5BC5$(cid:157)(cid:158)&4,65B/05I,,BS D155T<>,62?CO5120>5!,66,O56!230;>>5B!"#$%&’#G4B235.=;6@5B,?415U;642;?
0>2.=!!Q34;2634,65;014154,<,I415>2C141,/35#G423;31,645;3F-;>@4,R655?*;<5 B23;=2>2425365>;45B4,32C14!15;62?C!;?B.,=2>24F#D15FO23245BY,34Y;@5!-12013243;>,?C 65>;45BC655?1,/35C;35.2332,?3=F$&^=F$"%"# 3/6I;052?$"$!#D156,O561;3=55?,<56;42?C2?;?;65;@?,-?;3\4,<2;N>;?242;!-120123;
>,,@,/4# 415;65;M3J;?(?B65;3A;/>4#D15462<-;3,6C;?2W5B=F U;631;>>M3C6,/>5B415 H?5,I415.;2?-;F3):A+23/32?C23?,4.5?42,?2?C415-,6B*O5C54;62;?+,6 >;6C5<>;2?,?U;63M?,64156?15.23<1565#
:..;*%+0 G?456?;42,?;>(33,02;42,?I,6R5,3025?05E2O56324F#G4;2.34,65O5;>415B2II20/>4253,6 *O5C;?+#_5C54;62;?I,,BB,53?,40,?4;2?;?F.5;4,6I231!;?BO5C;?I,,BB,53?,40,?4;2? D156535;6015630,.=2?5BB;4;I6,.!"#$%&’M32?346/.5?43-241,=356O;42,?3I6,.
),,@2?C3;6565Z/265B#),,@420@543;4415420@54,II205!<1,?5/3I,6.,652?I,6.;42,?! 01;>>5?C5341;4B23;=>5B3025?42343,I45?I;05#H?5<6,=>5.2341;4.;?F3025?42343355.4, .5;4,6;?F;?2.;><6,B/0433/01;3.2>@!=/4456!,6015535#D151,3<24;>;B,<45B3,.5 3;45>>2453;?B3<;0506;I4,6=242?CU;63#D1545;.3;2B4155T;.2?;42,?3;<<5;65B4,31,-41;4
,6=,,@,?>2?5# O;>/5;32?C>5!46;B242,?;>-;F,IB,2?C41526-,6@#D123.;@5324.,65B2II20/>44,C5401;?C53 346;45C253>2@5I,0/32?C,?415=5?5I243,I4152?C65B25?432?415B231;?B?,4.5?42,?2?C \4,<2;N>;?242;1;BC5,>,C20;>5>5.5?433/CC5342?C;?,05;?0,;34>2?5#D153025?423433;2B
!<’*7’8*7*-9 I,6B23;=>5B3025?42343# *O5C54;62;?+,6*O5C;?+2?415?;.5,I;?FB23153,?4151,3<24;>0;I54562;.5?/#(?,4156 ./>42<>55>5.5?43!,6I5;4/653!<,2?45B4,5O2B5?0541;4;>;6C5,05;?5T2345B,?U;63=2>>2,?3
D154,/623;O;2>;=>5B/62?C415301,,>1,>2B;F;?B=F65Z/534I,6C6,/<3;?B301,,>3 H?415462<4,Y,34Y;@5!5O56F,?5C,44,355415>;@55O5?2I415F0,/>B?,4C5441565 # # 346;45CF41;41;3=55?5T<562.5?45B-24123415,6B56,II,,B3#A,65T;.<>5!442?C ,IF5;63;C,#D15B230,O565B3/6I;05I5;4/6532?0>/B5B46,/C13$(cid:159)&;?B01;??5>341;4.;F
$.2?2./.!K<5,<>5.;2>I,6C6,/<=,,@2?C3# <1F320;>>F#J,.5;445?B5533;-4153/66,/?B2?C3,?O2B5,4;@5?=F;B6,?5$Z(cid:155)(cid:156)(? O5C54;62;?;?BO5C;?I,,B3=5I,6541526.5;40,/?456<;643/6C53415<;425?434,4;@5<>;?4S 1;O5=55?I,6.5B=FI>,-2?C-;456,?U;63#
=#*6$ 2.<,64;?4<;64,I415<6,0533-;3I,63025?423434,412?@;=,/4-1;4.2C1415><,41563025?42343 =;35BI,,B3I2634#D16,/C16535;601!4151,3<24;>1;3I,/?B41;4O5C54;62;?;?BO5C;?>;=5>5B X;6>2566535;60141;45T;.2?5BB;4;,I32.2>;63/6I;05I5;4/6533/CC5345B415F.2C141;O5
(B/>4$!QF5;63;?B,O56&’P$$<56<563,?# 415F-,6@5B-241# I,,B345?B4,0;45C,62W5I,,B3;?B;446;04,?>F;0564;2?C6,/<,I4151,3<24;>M3<;425?43# =55?065;45B=F./BO,>0;?,53!-1201>2@5>FI,6.5B2?;65;3-1565415651;B=55?-;456,6
*12>B$&4,!&F5;63&’P!K<56<563,?# D15V;42,?;>J025?05A,/?B;42,?3;F341;4B23;=>5B<5,<>5.;@5/<;=,/441655<5605?4,I _5C54;62;?;?BO5C;?I,,B31;O5=55?>5I4,/4,I415B2543,I<5,<>5-1,B,?M41;O5;?F 205#D156535;6015633;2B4155O2B5?0531,-5B415;65;>2@5>F0,?4;2?5B B55< ,05;?
!--$%-*.% 4153025?05!4501?,>,CF!5?C2?5562?C!;?B.;41-,6@I,605#D15>,-<5605?4;C523<;64>F B254;6F653462042,?3# 5?O26,?.5?43;3-5>>;331;>>,-,?53#),:/-;3415>5;B;/41,6,I41534/BF#:/23;
:5;4156.;F65346204;005334,415R655?*;<5Y2C141,/35O25-2?C<>;4I,6.#N>;?;15;B =50;/35>;=3!0>;336,,.3!;?BI25>B;65;3;65?,4B532C?5BI,6B23;=>5B2?B2O2B/;>3#J,.5 (>41,/C1I,,B23,?>F;3.;>><5605?4;C5,I1,3<24;>0;6=,?5.2332,?3!65B/02?C.5;42? <>;?54;6F3025?42342?+,?Ca,?C#+53;2B!*:55342.;45415I>,,B2?C,I415\4,<2;N>;?242;
;?B.;@5;B;F,I24#H/6+234,620E;O2B3,?:1;>2?CJ4;42,?4,/66/?3,?4153;.5B;F2?415 B23;=>5B34/B5?43;?BI;0/>4F;65342>>4,>B41;4415F0;??,4-,6@2?;>;=,6B,6535;6013;I5>F# 0;I54562;I,,B-2>>65B/054150;6=,?5.2332,?332C?2I20;?4>F#(BB242,?;>>F!O5C54;62;?;?B ,?U;63-;3;=,/4 %#Q9=2>>2,?F5;63;C,#D15,05;?3/6I;05-;3>2@5>FI6,W5?2?;
;I456?,,?# J025?42343-241B23;=2>24253;65<6205>533=50;/35,I41526>2I55T<5625?053#D15F1;O54,0,.5/< O5C;?B2543-2>>15>5M3B2543!2?065;32?C415262?4;@5,I15;>41I/>I2=56! C5,>,C20;>>F31,64<562,B#+
-241065;42O5-;F34,C54<;3401;>>5?C532?41526>2O53);<6,=>5.S3,>O2?C3@2>>41;423?55B5B2?;>;=# O24;.2?3!;?B,4156.206,?/4625?43#(BB2?CI2314,41526.5?/32?415I/4/6523;?,4156C,,B D1535;601I,6-;456,?U;63230>,35>F>2?@5B4,41535;601I,632C?3,I<,332=>5>2I5#
!!"#$!%!!!!%&"’!"$ !!"#$!%!!!!K&"’!"$ !!"#$!%!!!!&&"’!"$ !!"#$!%!!!!Q&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%+"-.!56"123#4.&".$ $!#:1;4B,-5@?,-;=,/4R655?*;<5Y2C141,/35( $K#:1;4B,53415/?B56>2?5B-,6B*233/5+2?415I2634<;6;C6;<165I564,( ,<42,?32?05240;?=53/34;2?;=>FI2315B#J2?0534;642?C415<>5BC5!):A+ 1;3355?;
p_q!$r!&="%<="$#&k!sk%’#&k& (!#G!42!3!,?!>F!,24F# 3/6<6232?C$#$^B5065;352?4,4;>5.2332,?3<560;>,625#D123653/>4,I41535.5;3/653.;40153
(cid:135)(cid:136)u(cid:151)(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:128)(cid:129)8(cid:127)# )#G4B;453=;0@4,415!94105?4/6F# )#(>;0@,I6535;601I/?B3,II25>B462<3# ;32.2>;634/BFI6,.UGD;?B0;?01;?C51,--5412?@,I<>;?4S=;35BI,,B3#
! *#G412C1>2C1432431234,620;>>;?B30;<5# *#(O;6254F,I3025?42I20-,6@;=>53,>/42,?3# $9#:1FB,53415;/41,6;3@;Z/5342,?2?415I2634<;6;C6;<1(
"#$$%&’($)*+,-,./0$"/*1$12./# E#G423=534@?,-?I,624365.,45>,0;42,?# E#D15B23;=>5B3025?42343MB2II20/>4253;4-,6@# (#D,3/..;62W541545T4#
A2634>242?!99%!R655?*;<5Y2C141,/35234153,/4156?.,34;?B350,?B4;>>534 $$#:15?0;?O2324,63-;401-1;>53;4415>2C141,/35( $:1;423U;631;>>M3.;2?6<,352?,6C;?2W2?C415462<( )#D,<6535?4;0,?46,O5632;>233/5#
>2C141,/352?V5-J,/41:;>53#Y5B=F;@?,->5BC5;=>5C/2B5!F,/-2>>B230,O56415,>B (#(4!’%"<.,?415I2634D1/63B;F,IL/>F# (#D,31,-415B23;=>5B3025?42343M45;.-,6@# *#D,2?46,B/054154,<20,IB230/332,?#
/?2Z/5;60124504/65;?BI;302?;42?C1234,6F,I415>2C141,/35#+5;634,6253;=,/4O,F;C53;?B )#(4!!’%";.,?415>;34D/53B;F,I(<62># )#D,31,-415=;662563B23;=>5B3025?42343.554# E#D,6;235B,/=43;=,/4415I,>>,-2?CB;4;#
5?[,F31,65S=;35B-1;>5-;4012?C;?B=65;414;@2?CO25-3#\?0,O56-1;4>2I5-;3>2@5I,6 *#(4!!’"";.,?415I263441655D1/63B;F3,IL;?/;6F# *#D,31,-41534/B5?43M0,/6;C54,,O560,.5B2II20/>4253# $8#:1;4B,-5@?,-;=,/4):A+(
>2C141,/35@55<563>2O2?C2?412365.,453465401,I0,;34-24141526I;.2>253# E#(4!"’"";.5O56FD1/63B;F,IJ5<45.=56;?BH04,=56# E#D,31,-4152?456;042,?=54-55?3025?42343;?B34/B5?43# (#G4I;O,/63.5;4<6,B/043#
J<62?C23415<5;@,I415-1;>5.2C6;42,?!;?BR655?*;<5234152B5;><,2?44,3<,4 $%#:1;4B,534154,/6,II56( $Q#:1;423415;/41,6M3;4424/B54,B23;=>5B3025?42343( )#G4<>5BC534,65B/050,?3/.<42,?#
-1;>53#D15F;65,I45?355?O56F0>,354,R655?*;<5!,II562?C;.;W2?CB23<>;F3,I<,-56;?B (#:155>01;26;00533# ! ! (#J/<<,642O5# )#*/62,/3# *#E,/=4I/># E#*62420;># *#G44;@53;BO;?4;C5,IC655?1,/35C;3#
I>5T2=2>24F;3415F<;33# )#H?>2?5;?B,II>2?565356O;42,?3# $’#:1;40;?=5415=534424>5I,641545T4( E#G431,-30,?056?I,64155?O26,?.5?4#
2,$-*3$4.#5’-6,*%+5,’7$0 *#D20@543I,6012>B65?/?B56415;C5,I (#E23;=>5BJ025?42343’H6C;?2W2?CA25>BD62<3(042O5>F %"#:1;4B,53<;6;C6;<1%.;2?>F3;F;=,/4):A+(
"D1/63B;F!L;?/;6F$?B%D1/63B;F!L;?/;6F841%D1/63B;F!L;?/;6F!Q41 E#:5;4156I,60;343;?B;O25-2?C<>;4I,6.# )#E23;=>5BJ025?42343’X?1;?02?CN6,=>5.S3,>O2?CJ@2>>3 (#G43<>;?34,2?065;35I,,B,6B563#
D,/642.53’!"’"";.4,!!’%";.;?B!$’""<.4,!’%"<. : *#E23;=>5BJ025?42343’D6F2?C4,R544,415Y;@5N1F320;>>F )#D156201?533,I2430;I54562;.5?/#
"D1/63B;F!(<62>!"41%D/53B;F!(<62>!&41 E23;=>5B3025?42343,I45?I;05B2II20/>4253-12>50;66F2?C,/441526-,6@#J,3,.53025?42343 E#E23;=>5BJ025?42343’J55@2?C*1;?C534,G.<6,O5D1526:,6@ *#G43346;45C2534,<6,.,45<>;?4S=;35B.5;>3#
D,/642.53’!"’"";.4,!!’%";. -241B23;=2>24253;6546F2?C4,=62?C415233/52?4,415=>205F5;?B0,.5/<-241-,6@;=>5 & E#D15B23;BO;?4;C53,I243B254;6F653462042,?3#
"D1/63B;F!L/>F!"41%D1/63B;F!J5<45.=56$&41%D1/63B;F%H04,=56$?B 3,>/42,?3#(?24;U;631;>>23;C5,>,C234I6,.415\?2O56324F,IA>,62B;#(3;B,04,6;>34/B5?4! :51;O5;>>15;6B41;465B/02?C.5;4;?BB;26F0,?3/.<42,?23;?2.<,64;?4=51;O2,6;> %!#:1201-,6B=534B53062=534155II504,I):A+M3.5;3/653(
D,/642.53’!"’"";.4,!!’%";. U;631;>>-5?4,?I25>B462<3-241,415634/B5?43#)/4315,I45?1;B4,-;242?4150;6=50;/35 01;?C541;40;?15><-241,/6<>;?54M30>2.;45#+,-5O56!-1;423;3/00533I/>346;45CF4,C54 (#‘5.;6@;=>5# )#D5.<,6;6F# *#Y2.245B# E#H?5S32B5B#
!66$00*8*7*-9 415,6C;?2W5631;B?,441,/C14;=,/4156B23;=2>24253# <5,<>54,0,?3/.5.,65<>;?4S=;35BI,,B( >
" "
V,-155>01;26;00533# +,-5O56!U;631;>>3;F3-12>5315I;0533,.5>2.24;42,?3!24B,53?,4.5;?3150;??,4B, )62C1;.;?B :,.5?M3A;/>@?56+,3<24;>$):A+&1;3;?;?3-56#G4<2,?5565B; J025?423433;F?5->F5T;.2?5BB;4;I6,.;*12?5355T<>,656,?U;63;BB34,5T2342?C
"#’1$ 156[,=#J156505?4>F>5B;?,/42?C,IB23;=>5B3025?423434,;?;4/6;>>;@52?J,/4156? O5C54;62;?,6O5C;?,<42,?4,65B/050>2.;4501;?C5#G423,?5,IQ"1,3<24;>3!/?2O56324253! 5O2B5?0541;4415<>;?54,?051;B;>;6C5,05;?#
D154,/6233/24;=>5I,6;B/>43;?B012>B65?-1,;65&F5;63,>B;?B,O56#],/M>>?55B4, *;>2I,6?2;M3J;?)56?;6B2?,V;42,?;>A,6534#D15C6,/<2?0>/B5B3025?42343;?B34/B5?43-241 .;[,60,6<,6;42,?3!;?B02425341;41;O532C?5B;?2?456?;42,?;><>5BC5$(cid:157)(cid:158)&4,65B/05I,,BS D155T<>,62?CO5120>5!,66,O56!230;>>5B!"#$%&’#G4B235.=;6@5B,?415U;642;?
0>2.=!!Q34;2634,65;014154,<,I415>2C141,/35#G423;31,645;3F-;>@4,R655?*;<5 B23;=2>2425365>;45B4,32C14!15;62?C!;?B.,=2>24F#D15FO23245BY,34Y;@5!-12013243;>,?C 65>;45BC655?1,/35C;35.2332,?3=F$&^=F$"%"# 3/6I;052?$"$!#D156,O561;3=55?,<56;42?C2?;?;65;@?,-?;3\4,<2;N>;?242;!-120123;
>,,@,/4# 415;65;M3J;?(?B65;3A;/>4#D15462<-;3,6C;?2W5B=F U;631;>>M3C6,/>5B415 H?5,I415.;2?-;F3):A+23/32?C23?,4.5?42,?2?C415-,6B*O5C54;62;?+,6 >;6C5<>;2?,?U;63M?,64156?15.23<1565#
:..;*%+0 G?456?;42,?;>(33,02;42,?I,6R5,3025?05E2O56324F#G4;2.34,65O5;>415B2II20/>4253,6 *O5C;?+#_5C54;62;?I,,BB,53?,40,?4;2?;?F.5;4,6I231!;?BO5C;?I,,BB,53?,40,?4;2? D156535;6015630,.=2?5BB;4;I6,.!"#$%&’M32?346/.5?43-241,=356O;42,?3I6,.
),,@2?C3;6565Z/265B#),,@420@543;4415420@54,II205!<1,?5/3I,6.,652?I,6.;42,?! 01;>>5?C5341;4B23;=>5B3025?42343,I45?I;05#H?5<6,=>5.2341;4.;?F3025?42343355.4, .5;4,6;?F;?2.;><6,B/0433/01;3.2>@!=/4456!,6015535#D151,3<24;>;B,<45B3,.5 3;45>>2453;?B3<;0506;I4,6=242?CU;63#D1545;.3;2B4155T;.2?;42,?3;<<5;65B4,31,-41;4
,6=,,@,?>2?5# O;>/5;32?C>5!46;B242,?;>-;F,IB,2?C41526-,6@#D123.;@5324.,65B2II20/>44,C5401;?C53 346;45C253>2@5I,0/32?C,?415=5?5I243,I4152?C65B25?432?415B231;?B?,4.5?42,?2?C \4,<2;N>;?242;1;BC5,>,C20;>5>5.5?433/CC5342?C;?,05;?0,;34>2?5#D153025?423433;2B
!<’*7’8*7*-9 I,6B23;=>5B3025?42343# *O5C54;62;?+,6*O5C;?+2?415?;.5,I;?FB23153,?4151,3<24;>0;I54562;.5?/#(?,4156 ./>42<>55>5.5?43!,6I5;4/653!<,2?45B4,5O2B5?0541;4;>;6C5,05;?5T2345B,?U;63=2>>2,?3
D154,/623;O;2>;=>5B/62?C415301,,>1,>2B;F;?B=F65Z/534I,6C6,/<3;?B301,,>3 H?415462<4,Y,34Y;@5!5O56F,?5C,44,355415>;@55O5?2I415F0,/>B?,4C5441565 # # 346;45CF41;41;3=55?5T<562.5?45B-24123415,6B56,II,,B3#A,65T;.<>5!442?C ,IF5;63;C,#D15B230,O565B3/6I;05I5;4/6532?0>/B5B46,/C13$(cid:159)&;?B01;??5>341;4.;F
$.2?2./.!K<5,<>5.;2>I,6C6,/<=,,@2?C3# <1F320;>>F#J,.5;445?B5533;-4153/66,/?B2?C3,?O2B5,4;@5?=F;B6,?5$Z(cid:155)(cid:156)(? O5C54;62;?;?BO5C;?I,,B3=5I,6541526.5;40,/?456<;643/6C53415<;425?434,4;@5<>;?4S 1;O5=55?I,6.5B=FI>,-2?C-;456,?U;63#
=#*6$ 2.<,64;?4<;64,I415<6,0533-;3I,63025?423434,412?@;=,/4-1;4.2C1415><,41563025?42343 =;35BI,,B3I2634#D16,/C16535;601!4151,3<24;>1;3I,/?B41;4O5C54;62;?;?BO5C;?>;=5>5B X;6>2566535;60141;45T;.2?5BB;4;,I32.2>;63/6I;05I5;4/6533/CC5345B415F.2C141;O5
(B/>4$!QF5;63;?B,O56&’P$$<56<563,?# 415F-,6@5B-241# I,,B345?B4,0;45C,62W5I,,B3;?B;446;04,?>F;0564;2?C6,/<,I4151,3<24;>M3<;425?43# =55?065;45B=F./BO,>0;?,53!-1201>2@5>FI,6.5B2?;65;3-1565415651;B=55?-;456,6
*12>B$&4,!&F5;63&’P!K<56<563,?# D15V;42,?;>J025?05A,/?B;42,?3;F341;4B23;=>5B<5,<>5.;@5/<;=,/441655<5605?4,I _5C54;62;?;?BO5C;?I,,B31;O5=55?>5I4,/4,I415B2543,I<5,<>5-1,B,?M41;O5;?F 205#D156535;6015633;2B4155O2B5?0531,-5B415;65;>2@5>F0,?4;2?5B B55< ,05;?
!--$%-*.% 4153025?05!4501?,>,CF!5?C2?5562?C!;?B.;41-,6@I,605#D15>,-<5605?4;C523<;64>F B254;6F653462042,?3# 5?O26,?.5?43;3-5>>;331;>>,-,?53#),:/-;3415>5;B;/41,6,I41534/BF#:/23;
:5;4156.;F65346204;005334,415R655?*;<5Y2C141,/35O25-2?C<>;4I,6.#N>;?;15;B =50;/35>;=3!0>;336,,.3!;?BI25>B;65;3;65?,4B532C?5BI,6B23;=>5B2?B2O2B/;>3#J,.5 (>41,/C1I,,B23,?>F;3.;>><5605?4;C5,I1,3<24;>0;6=,?5.2332,?3!65B/02?C.5;42? <>;?54;6F3025?42342?+,?Ca,?C#+53;2B!*:55342.;45415I>,,B2?C,I415\4,<2;N>;?242;
;?B.;@5;B;F,I24#H/6+234,620E;O2B3,?:1;>2?CJ4;42,?4,/66/?3,?4153;.5B;F2?415 B23;=>5B34/B5?43;?BI;0/>4F;65342>>4,>B41;4415F0;??,4-,6@2?;>;=,6B,6535;6013;I5>F# 0;I54562;I,,B-2>>65B/054150;6=,?5.2332,?332C?2I20;?4>F#(BB242,?;>>F!O5C54;62;?;?B ,?U;63-;3;=,/4 %#Q9=2>>2,?F5;63;C,#D15,05;?3/6I;05-;3>2@5>FI6,W5?2?;
;I456?,,?# J025?42343-241B23;=2>24253;65<6205>533=50;/35,I41526>2I55T<5625?053#D15F1;O54,0,.5/< O5C;?B2543-2>>15>5M3B2543!2?065;32?C415262?4;@5,I15;>41I/>I2=56! C5,>,C20;>>F31,64<562,B#+
-241065;42O5-;F34,C54<;3401;>>5?C532?41526>2O53);<6,=>5.S3,>O2?C3@2>>41;423?55B5B2?;>;=# O24;.2?3!;?B,4156.206,?/4625?43#(BB2?CI2314,41526.5?/32?415I/4/6523;?,4156C,,B D1535;601I,6-;456,?U;63230>,35>F>2?@5B4,41535;601I,632C?3,I<,332=>5>2I5#
!!"#$!%!!!!%&"’!"$ !!"#$!%!!!!K&"’!"$ !!"#$!%!!!!&&"’!"$ !!"#$!%!!!!Q&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%+"-.!56"123#4.&".$ $!#:1;4B,-5@?,-;=,/4R655?*;<5Y2C141,/35( $K#:1;4B,53415/?B56>2?5B-,6B*233/5+2?415I2634<;6;C6;<165I564,( ,<42,?32?05240;?=53/34;2?;=>FI2315B#J2?0534;642?C415<>5BC5!):A+ 1;3355?;
p_q!$r!&="%<="$#&k!sk%’#&k& (!#G!42!3!,?!>F!,24F# 3/6<6232?C$#$^B5065;352?4,4;>5.2332,?3<560;>,625#D123653/>4,I41535.5;3/653.;40153
(cid:135)(cid:136)u(cid:151)(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:128)(cid:129)8(cid:127)# )#G4B;453=;0@4,415!94105?4/6F# )#(>;0@,I6535;601I/?B3,II25>B462<3# ;32.2>;634/BFI6,.UGD;?B0;?01;?C51,--5412?@,I<>;?4S=;35BI,,B3#
! *#G412C1>2C1432431234,620;>>;?B30;<5# *#(O;6254F,I3025?42I20-,6@;=>53,>/42,?3# $9#:1FB,53415;/41,6;3@;Z/5342,?2?415I2634<;6;C6;<1(
"#$$%&’($)*+,-,./0$"/*1$12./# E#G423=534@?,-?I,624365.,45>,0;42,?# E#D15B23;=>5B3025?42343MB2II20/>4253;4-,6@# (#D,3/..;62W541545T4#
A2634>242?!99%!R655?*;<5Y2C141,/35234153,/4156?.,34;?B350,?B4;>>534 $$#:15?0;?O2324,63-;401-1;>53;4415>2C141,/35( $:1;423U;631;>>M3.;2?6<,352?,6C;?2W2?C415462<( )#D,<6535?4;0,?46,O5632;>233/5#
>2C141,/352?V5-J,/41:;>53#Y5B=F;@?,->5BC5;=>5C/2B5!F,/-2>>B230,O56415,>B (#(4!’%"<.,?415I2634D1/63B;F,IL/>F# (#D,31,-415B23;=>5B3025?42343M45;.-,6@# *#D,2?46,B/054154,<20,IB230/332,?#
/?2Z/5;60124504/65;?BI;302?;42?C1234,6F,I415>2C141,/35#+5;634,6253;=,/4O,F;C53;?B )#(4!!’%";.,?415>;34D/53B;F,I(<62># )#D,31,-415=;662563B23;=>5B3025?42343.554# E#D,6;235B,/=43;=,/4415I,>>,-2?CB;4;#
5?[,F31,65S=;35B-1;>5-;4012?C;?B=65;414;@2?CO25-3#\?0,O56-1;4>2I5-;3>2@5I,6 *#(4!!’"";.,?415I263441655D1/63B;F3,IL;?/;6F# *#D,31,-41534/B5?43M0,/6;C54,,O560,.5B2II20/>4253# $8#:1;4B,-5@?,-;=,/4):A+(
>2C141,/35@55<563>2O2?C2?412365.,453465401,I0,;34-24141526I;.2>253# E#(4!"’"";.5O56FD1/63B;F,IJ5<45.=56;?BH04,=56# E#D,31,-4152?456;042,?=54-55?3025?42343;?B34/B5?43# (#G4I;O,/63.5;4<6,B/043#
J<62?C23415<5;@,I415-1;>5.2C6;42,?!;?BR655?*;<5234152B5;><,2?44,3<,4 $%#:1;4B,534154,/6,II56( $Q#:1;423415;/41,6M3;4424/B54,B23;=>5B3025?42343( )#G4<>5BC534,65B/050,?3/.<42,?#
-1;>53#D15F;65,I45?355?O56F0>,354,R655?*;<5!,II562?C;.;W2?CB23<>;F3,I<,-56;?B (#:155>01;26;00533# ! ! (#J/<<,642O5# )#*/62,/3# *#E,/=4I/># E#*62420;># *#G44;@53;BO;?4;C5,IC655?1,/35C;3#
I>5T2=2>24F;3415F<;33# )#H?>2?5;?B,II>2?565356O;42,?3# $’#:1;40;?=5415=534424>5I,641545T4( E#G431,-30,?056?I,64155?O26,?.5?4#
2,$-*3$4.#5’-6,*%+5,’7$0 *#D20@543I,6012>B65?/?B56415;C5,I (#E23;=>5BJ025?42343’H6C;?2W2?CA25>BD62<3(042O5>F %"#:1;4B,53<;6;C6;<1%.;2?>F3;F;=,/4):A+(
"D1/63B;F!L;?/;6F$?B%D1/63B;F!L;?/;6F841%D1/63B;F!L;?/;6F!Q41 E#:5;4156I,60;343;?B;O25-2?C<>;4I,6.# )#E23;=>5BJ025?42343’X?1;?02?CN6,=>5.S3,>O2?CJ@2>>3 (#G43<>;?34,2?065;35I,,B,6B563#
D,/642.53’!"’"";.4,!!’%";.;?B!$’""<.4,!’%"<. : *#E23;=>5BJ025?42343’D6F2?C4,R544,415Y;@5N1F320;>>F )#D156201?533,I2430;I54562;.5?/#
"D1/63B;F!(<62>!"41%D/53B;F!(<62>!&41 E23;=>5B3025?42343,I45?I;05B2II20/>4253-12>50;66F2?C,/441526-,6@#J,3,.53025?42343 E#E23;=>5BJ025?42343’J55@2?C*1;?C534,G.<6,O5D1526:,6@ *#G43346;45C2534,<6,.,45<>;?4S=;35B.5;>3#
D,/642.53’!"’"";.4,!!’%";. -241B23;=2>24253;6546F2?C4,=62?C415233/52?4,415=>205F5;?B0,.5/<-241-,6@;=>5 & E#D15B23;BO;?4;C53,I243B254;6F653462042,?3#
"D1/63B;F!L/>F!"41%D1/63B;F!J5<45.=56$&41%D1/63B;F%H04,=56$?B 3,>/42,?3#(?24;U;631;>>23;C5,>,C234I6,.415\?2O56324F,IA>,62B;#(3;B,04,6;>34/B5?4! :51;O5;>>15;6B41;465B/02?C.5;4;?BB;26F0,?3/.<42,?23;?2.<,64;?4=51;O2,6;> %!#:1201-,6B=534B53062=534155II504,I):A+M3.5;3/653(
D,/642.53’!"’"";.4,!!’%";. U;631;>>-5?4,?I25>B462<3-241,415634/B5?43#)/4315,I45?1;B4,-;242?4150;6=50;/35 01;?C541;40;?15><-241,/6<>;?54M30>2.;45#+,-5O56!-1;423;3/00533I/>346;45CF4,C54 (#‘5.;6@;=>5# )#D5.<,6;6F# *#Y2.245B# E#H?5S32B5B#
!66$00*8*7*-9 415,6C;?2W5631;B?,441,/C14;=,/4156B23;=2>24253# <5,<>54,0,?3/.5.,65<>;?4S=;35BI,,B( >
" "
V,-155>01;26;00533# +,-5O56!U;631;>>3;F3-12>5315I;0533,.5>2.24;42,?3!24B,53?,4.5;?3150;??,4B, )62C1;.;?B :,.5?M3A;/>@?56+,3<24;>$):A+&1;3;?;?3-56#G4<2,?5565B; J025?423433;F?5->F5T;.2?5BB;4;I6,.;*12?5355T<>,656,?U;63;BB34,5T2342?C
"#’1$ 156[,=#J156505?4>F>5B;?,/42?C,IB23;=>5B3025?423434,;?;4/6;>>;@52?J,/4156? O5C54;62;?,6O5C;?,<42,?4,65B/050>2.;4501;?C5#G423,?5,IQ"1,3<24;>3!/?2O56324253! 5O2B5?0541;4415<>;?54,?051;B;>;6C5,05;?#
D154,/6233/24;=>5I,6;B/>43;?B012>B65?-1,;65&F5;63,>B;?B,O56#],/M>>?55B4, *;>2I,6?2;M3J;?)56?;6B2?,V;42,?;>A,6534#D15C6,/<2?0>/B5B3025?42343;?B34/B5?43-241 .;[,60,6<,6;42,?3!;?B02425341;41;O532C?5B;?2?456?;42,?;><>5BC5$(cid:157)(cid:158)&4,65B/05I,,BS D155T<>,62?CO5120>5!,66,O56!230;>>5B!"#$%&’#G4B235.=;6@5B,?415U;642;?
0>2.=!!Q34;2634,65;014154,<,I415>2C141,/35#G423;31,645;3F-;>@4,R655?*;<5 B23;=2>2425365>;45B4,32C14!15;62?C!;?B.,=2>24F#D15FO23245BY,34Y;@5!-12013243;>,?C 65>;45BC655?1,/35C;35.2332,?3=F$&^=F$"%"# 3/6I;052?$"$!#D156,O561;3=55?,<56;42?C2?;?;65;@?,-?;3\4,<2;N>;?242;!-120123;
>,,@,/4# 415;65;M3J;?(?B65;3A;/>4#D15462<-;3,6C;?2W5B=F U;631;>>M3C6,/>5B415 H?5,I415.;2?-;F3):A+23/32?C23?,4.5?42,?2?C415-,6B*O5C54;62;?+,6 >;6C5<>;2?,?U;63M?,64156?15.23<1565#
:..;*%+0 G?456?;42,?;>(33,02;42,?I,6R5,3025?05E2O56324F#G4;2.34,65O5;>415B2II20/>4253,6 *O5C;?+#_5C54;62;?I,,BB,53?,40,?4;2?;?F.5;4,6I231!;?BO5C;?I,,BB,53?,40,?4;2? D156535;6015630,.=2?5BB;4;I6,.!"#$%&’M32?346/.5?43-241,=356O;42,?3I6,.
),,@2?C3;6565Z/265B#),,@420@543;4415420@54,II205!<1,?5/3I,6.,652?I,6.;42,?! 01;>>5?C5341;4B23;=>5B3025?42343,I45?I;05#H?5<6,=>5.2341;4.;?F3025?42343355.4, .5;4,6;?F;?2.;><6,B/0433/01;3.2>@!=/4456!,6015535#D151,3<24;>;B,<45B3,.5 3;45>>2453;?B3<;0506;I4,6=242?CU;63#D1545;.3;2B4155T;.2?;42,?3;<<5;65B4,31,-41;4
,6=,,@,?>2?5# O;>/5;32?C>5!46;B242,?;>-;F,IB,2?C41526-,6@#D123.;@5324.,65B2II20/>44,C5401;?C53 346;45C253>2@5I,0/32?C,?415=5?5I243,I4152?C65B25?432?415B231;?B?,4.5?42,?2?C \4,<2;N>;?242;1;BC5,>,C20;>5>5.5?433/CC5342?C;?,05;?0,;34>2?5#D153025?423433;2B
!<’*7’8*7*-9 I,6B23;=>5B3025?42343# *O5C54;62;?+,6*O5C;?+2?415?;.5,I;?FB23153,?4151,3<24;>0;I54562;.5?/#(?,4156 ./>42<>55>5.5?43!,6I5;4/653!<,2?45B4,5O2B5?0541;4;>;6C5,05;?5T2345B,?U;63=2>>2,?3
D154,/623;O;2>;=>5B/62?C415301,,>1,>2B;F;?B=F65Z/534I,6C6,/<3;?B301,,>3 H?415462<4,Y,34Y;@5!5O56F,?5C,44,355415>;@55O5?2I415F0,/>B?,4C5441565 # # 346;45CF41;41;3=55?5T<562.5?45B-24123415,6B56,II,,B3#A,65T;.<>5!442?C ,IF5;63;C,#D15B230,O565B3/6I;05I5;4/6532?0>/B5B46,/C13$(cid:159)&;?B01;??5>341;4.;F
$.2?2./.!K<5,<>5.;2>I,6C6,/<=,,@2?C3# <1F320;>>F#J,.5;445?B5533;-4153/66,/?B2?C3,?O2B5,4;@5?=F;B6,?5$Z(cid:155)(cid:156)(? O5C54;62;?;?BO5C;?I,,B3=5I,6541526.5;40,/?456<;643/6C53415<;425?434,4;@5<>;?4S 1;O5=55?I,6.5B=FI>,-2?C-;456,?U;63#
=#*6$ 2.<,64;?4<;64,I415<6,0533-;3I,63025?423434,412?@;=,/4-1;4.2C1415><,41563025?42343 =;35BI,,B3I2634#D16,/C16535;601!4151,3<24;>1;3I,/?B41;4O5C54;62;?;?BO5C;?>;=5>5B X;6>2566535;60141;45T;.2?5BB;4;,I32.2>;63/6I;05I5;4/6533/CC5345B415F.2C141;O5
(B/>4$!QF5;63;?B,O56&’P$$<56<563,?# 415F-,6@5B-241# I,,B345?B4,0;45C,62W5I,,B3;?B;446;04,?>F;0564;2?C6,/<,I4151,3<24;>M3<;425?43# =55?065;45B=F./BO,>0;?,53!-1201>2@5>FI,6.5B2?;65;3-1565415651;B=55?-;456,6
*12>B$&4,!&F5;63&’P!K<56<563,?# D15V;42,?;>J025?05A,/?B;42,?3;F341;4B23;=>5B<5,<>5.;@5/<;=,/441655<5605?4,I _5C54;62;?;?BO5C;?I,,B31;O5=55?>5I4,/4,I415B2543,I<5,<>5-1,B,?M41;O5;?F 205#D156535;6015633;2B4155O2B5?0531,-5B415;65;>2@5>F0,?4;2?5B B55< ,05;?
!--$%-*.% 4153025?05!4501?,>,CF!5?C2?5562?C!;?B.;41-,6@I,605#D15>,-<5605?4;C523<;64>F B254;6F653462042,?3# 5?O26,?.5?43;3-5>>;331;>>,-,?53#),:/-;3415>5;B;/41,6,I41534/BF#:/23;
:5;4156.;F65346204;005334,415R655?*;<5Y2C141,/35O25-2?C<>;4I,6.#N>;?;15;B =50;/35>;=3!0>;336,,.3!;?BI25>B;65;3;65?,4B532C?5BI,6B23;=>5B2?B2O2B/;>3#J,.5 (>41,/C1I,,B23,?>F;3.;>><5605?4;C5,I1,3<24;>0;6=,?5.2332,?3!65B/02?C.5;42? <>;?54;6F3025?42342?+,?Ca,?C#+53;2B!*:55342.;45415I>,,B2?C,I415\4,<2;N>;?242;
;?B.;@5;B;F,I24#H/6+234,620E;O2B3,?:1;>2?CJ4;42,?4,/66/?3,?4153;.5B;F2?415 B23;=>5B34/B5?43;?BI;0/>4F;65342>>4,>B41;4415F0;??,4-,6@2?;>;=,6B,6535;6013;I5>F# 0;I54562;I,,B-2>>65B/054150;6=,?5.2332,?332C?2I20;?4>F#(BB242,?;>>F!O5C54;62;?;?B ,?U;63-;3;=,/4 %#Q9=2>>2,?F5;63;C,#D15,05;?3/6I;05-;3>2@5>FI6,W5?2?;
;I456?,,?# J025?42343-241B23;=2>24253;65<6205>533=50;/35,I41526>2I55T<5625?053#D15F1;O54,0,.5/< O5C;?B2543-2>>15>5M3B2543!2?065;32?C415262?4;@5,I15;>41I/>I2=56! C5,>,C20;>>F31,64<562,B#+
-241065;42O5-;F34,C54<;3401;>>5?C532?41526>2O53);<6,=>5.S3,>O2?C3@2>>41;423?55B5B2?;>;=# O24;.2?3!;?B,4156.206,?/4625?43#(BB2?CI2314,41526.5?/32?415I/4/6523;?,4156C,,B D1535;601I,6-;456,?U;63230>,35>F>2?@5B4,41535;601I,632C?3,I<,332=>5>2I5#
!!"#$!%!!!!%&"’!"$ !!"#$!%!!!!K&"’!"$ !!"#$!%!!!!&&"’!"$ !!"#$!%!!!!Q&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%+"-.!56"123#4.&".$ $!#:1;4B,-5@?,-;=,/4R655?*;<5Y2C141,/35( $K#:1;4B,53415/?B56>2?5B-,6B*233/5+2?415I2634<;6;C6;<165I564,( ,<42,?32?05240;?=53/34;2?;=>FI2315B#J2?0534;642?C415<>5BC5!):A+ 1;3355?;
p_q!$r!&="%<="$#&k!sk%’#&k& (!#G!42!3!,?!>F!,24F# 3/6<6232?C$#$^B5065;352?4,4;>5.2332,?3<560;>,625#D123653/>4,I41535.5;3/653.;40153
(cid:135)(cid:136)u(cid:151)(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:128)(cid:129)8(cid:127)# )#G4B;453=;0@4,415!94105?4/6F# )#(>;0@,I6535;601I/?B3,II25>B462<3# ;32.2>;634/BFI6,.UGD;?B0;?01;?C51,--5412?@,I<>;?4S=;35BI,,B3#
! *#G412C1>2C1432431234,620;>>;?B30;<5# *#(O;6254F,I3025?42I20-,6@;=>53,>/42,?3# $9#:1FB,53415;/41,6;3@;Z/5342,?2?415I2634<;6;C6;<1(
"#$$%&’($)*+,-,./0$"/*1$12./# E#G423=534@?,-?I,624365.,45>,0;42,?# E#D15B23;=>5B3025?42343MB2II20/>4253;4-,6@# (#D,3/..;62W541545T4#
A2634>242?!99%!R655?*;<5Y2C141,/35234153,/4156?.,34;?B350,?B4;>>534 $$#:15?0;?O2324,63-;401-1;>53;4415>2C141,/35( $:1;423U;631;>>M3.;2?6<,352?,6C;?2W2?C415462<( )#D,<6535?4;0,?46,O5632;>233/5#
>2C141,/352?V5-J,/41:;>53#Y5B=F;@?,->5BC5;=>5C/2B5!F,/-2>>B230,O56415,>B (#(4!’%"<.,?415I2634D1/63B;F,IL/>F# (#D,31,-415B23;=>5B3025?42343M45;.-,6@# *#D,2?46,B/054154,<20,IB230/332,?#
/?2Z/5;60124504/65;?BI;302?;42?C1234,6F,I415>2C141,/35#+5;634,6253;=,/4O,F;C53;?B )#(4!!’%";.,?415>;34D/53B;F,I(<62># )#D,31,-415=;662563B23;=>5B3025?42343.554# E#D,6;235B,/=43;=,/4415I,>>,-2?CB;4;#
5?[,F31,65S=;35B-1;>5-;4012?C;?B=65;414;@2?CO25-3#\?0,O56-1;4>2I5-;3>2@5I,6 *#(4!!’"";.,?415I263441655D1/63B;F3,IL;?/;6F# *#D,31,-41534/B5?43M0,/6;C54,,O560,.5B2II20/>4253# $8#:1;4B,-5@?,-;=,/4):A+(
>2C141,/35@55<563>2O2?C2?412365.,453465401,I0,;34-24141526I;.2>253# E#(4!"’"";.5O56FD1/63B;F,IJ5<45.=56;?BH04,=56# E#D,31,-4152?456;042,?=54-55?3025?42343;?B34/B5?43# (#G4I;O,/63.5;4<6,B/043#
J<62?C23415<5;@,I415-1;>5.2C6;42,?!;?BR655?*;<5234152B5;><,2?44,3<,4 $%#:1;4B,534154,/6,II56( $Q#:1;423415;/41,6M3;4424/B54,B23;=>5B3025?42343( )#G4<>5BC534,65B/050,?3/.<42,?#
-1;>53#D15F;65,I45?355?O56F0>,354,R655?*;<5!,II562?C;.;W2?CB23<>;F3,I<,-56;?B (#:155>01;26;00533# ! ! (#J/<<,642O5# )#*/62,/3# *#E,/=4I/># E#*62420;># *#G44;@53;BO;?4;C5,IC655?1,/35C;3#
I>5T2=2>24F;3415F<;33# )#H?>2?5;?B,II>2?565356O;42,?3# $’#:1;40;?=5415=534424>5I,641545T4( E#G431,-30,?056?I,64155?O26,?.5?4#
2,$-*3$4.#5’-6,*%+5,’7$0 *#D20@543I,6012>B65?/?B56415;C5,I (#E23;=>5BJ025?42343’H6C;?2W2?CA25>BD62<3(042O5>F %"#:1;4B,53<;6;C6;<1%.;2?>F3;F;=,/4):A+(
"D1/63B;F!L;?/;6F$?B%D1/63B;F!L;?/;6F841%D1/63B;F!L;?/;6F!Q41 E#:5;4156I,60;343;?B;O25-2?C<>;4I,6.# )#E23;=>5BJ025?42343’X?1;?02?CN6,=>5.S3,>O2?CJ@2>>3 (#G43<>;?34,2?065;35I,,B,6B563#
D,/642.53’!"’"";.4,!!’%";.;?B!$’""<.4,!’%"<. : *#E23;=>5BJ025?42343’D6F2?C4,R544,415Y;@5N1F320;>>F )#D156201?533,I2430;I54562;.5?/#
"D1/63B;F!(<62>!"41%D/53B;F!(<62>!&41 E23;=>5B3025?42343,I45?I;05B2II20/>4253-12>50;66F2?C,/441526-,6@#J,3,.53025?42343 E#E23;=>5BJ025?42343’J55@2?C*1;?C534,G.<6,O5D1526:,6@ *#G43346;45C2534,<6,.,45<>;?4S=;35B.5;>3#
D,/642.53’!"’"";.4,!!’%";. -241B23;=2>24253;6546F2?C4,=62?C415233/52?4,415=>205F5;?B0,.5/<-241-,6@;=>5 & E#D15B23;BO;?4;C53,I243B254;6F653462042,?3#
"D1/63B;F!L/>F!"41%D1/63B;F!J5<45.=56$&41%D1/63B;F%H04,=56$?B 3,>/42,?3#(?24;U;631;>>23;C5,>,C234I6,.415\?2O56324F,IA>,62B;#(3;B,04,6;>34/B5?4! :51;O5;>>15;6B41;465B/02?C.5;4;?BB;26F0,?3/.<42,?23;?2.<,64;?4=51;O2,6;> %!#:1201-,6B=534B53062=534155II504,I):A+M3.5;3/653(
D,/642.53’!"’"";.4,!!’%";. U;631;>>-5?4,?I25>B462<3-241,415634/B5?43#)/4315,I45?1;B4,-;242?4150;6=50;/35 01;?C541;40;?15><-241,/6<>;?54M30>2.;45#+,-5O56!-1;423;3/00533I/>346;45CF4,C54 (#‘5.;6@;=>5# )#D5.<,6;6F# *#Y2.245B# E#H?5S32B5B#
!66$00*8*7*-9 415,6C;?2W5631;B?,441,/C14;=,/4156B23;=2>24253# <5,<>54,0,?3/.5.,65<>;?4S=;35BI,,B( >
" "
V,-155>01;26;00533# +,-5O56!U;631;>>3;F3-12>5315I;0533,.5>2.24;42,?3!24B,53?,4.5;?3150;??,4B, )62C1;.;?B :,.5?M3A;/>@?56+,3<24;>$):A+&1;3;?;?3-56#G4<2,?5565B; J025?423433;F?5->F5T;.2?5BB;4;I6,.;*12?5355T<>,656,?U;63;BB34,5T2342?C
"#’1$ 156[,=#J156505?4>F>5B;?,/42?C,IB23;=>5B3025?423434,;?;4/6;>>;@52?J,/4156? O5C54;62;?,6O5C;?,<42,?4,65B/050>2.;4501;?C5#G423,?5,IQ"1,3<24;>3!/?2O56324253! 5O2B5?0541;4415<>;?54,?051;B;>;6C5,05;?#
D154,/6233/24;=>5I,6;B/>43;?B012>B65?-1,;65&F5;63,>B;?B,O56#],/M>>?55B4, *;>2I,6?2;M3J;?)56?;6B2?,V;42,?;>A,6534#D15C6,/<2?0>/B5B3025?42343;?B34/B5?43-241 .;[,60,6<,6;42,?3!;?B02425341;41;O532C?5B;?2?456?;42,?;><>5BC5$(cid:157)(cid:158)&4,65B/05I,,BS D155T<>,62?CO5120>5!,66,O56!230;>>5B!"#$%&’#G4B235.=;6@5B,?415U;642;?
0>2.=!!Q34;2634,65;014154,<,I415>2C141,/35#G423;31,645;3F-;>@4,R655?*;<5 B23;=2>2425365>;45B4,32C14!15;62?C!;?B.,=2>24F#D15FO23245BY,34Y;@5!-12013243;>,?C 65>;45BC655?1,/35C;35.2332,?3=F$&^=F$"%"# 3/6I;052?$"$!#D156,O561;3=55?,<56;42?C2?;?;65;@?,-?;3\4,<2;N>;?242;!-120123;
>,,@,/4# 415;65;M3J;?(?B65;3A;/>4#D15462<-;3,6C;?2W5B=F U;631;>>M3C6,/>5B415 H?5,I415.;2?-;F3):A+23/32?C23?,4.5?42,?2?C415-,6B*O5C54;62;?+,6 >;6C5<>;2?,?U;63M?,64156?15.23<1565#
:..;*%+0 G?456?;42,?;>(33,02;42,?I,6R5,3025?05E2O56324F#G4;2.34,65O5;>415B2II20/>4253,6 *O5C;?+#_5C54;62;?I,,BB,53?,40,?4;2?;?F.5;4,6I231!;?BO5C;?I,,BB,53?,40,?4;2? D156535;6015630,.=2?5BB;4;I6,.!"#$%&’M32?346/.5?43-241,=356O;42,?3I6,.
),,@2?C3;6565Z/265B#),,@420@543;4415420@54,II205!<1,?5/3I,6.,652?I,6.;42,?! 01;>>5?C5341;4B23;=>5B3025?42343,I45?I;05#H?5<6,=>5.2341;4.;?F3025?42343355.4, .5;4,6;?F;?2.;><6,B/0433/01;3.2>@!=/4456!,6015535#D151,3<24;>;B,<45B3,.5 3;45>>2453;?B3<;0506;I4,6=242?CU;63#D1545;.3;2B4155T;.2?;42,?3;<<5;65B4,31,-41;4
,6=,,@,?>2?5# O;>/5;32?C>5!46;B242,?;>-;F,IB,2?C41526-,6@#D123.;@5324.,65B2II20/>44,C5401;?C53 346;45C253>2@5I,0/32?C,?415=5?5I243,I4152?C65B25?432?415B231;?B?,4.5?42,?2?C \4,<2;N>;?242;1;BC5,>,C20;>5>5.5?433/CC5342?C;?,05;?0,;34>2?5#D153025?423433;2B
!<’*7’8*7*-9 I,6B23;=>5B3025?42343# *O5C54;62;?+,6*O5C;?+2?415?;.5,I;?FB23153,?4151,3<24;>0;I54562;.5?/#(?,4156 ./>42<>55>5.5?43!,6I5;4/653!<,2?45B4,5O2B5?0541;4;>;6C5,05;?5T2345B,?U;63=2>>2,?3
D154,/623;O;2>;=>5B/62?C415301,,>1,>2B;F;?B=F65Z/534I,6C6,/<3;?B301,,>3 H?415462<4,Y,34Y;@5!5O56F,?5C,44,355415>;@55O5?2I415F0,/>B?,4C5441565 # # 346;45CF41;41;3=55?5T<562.5?45B-24123415,6B56,II,,B3#A,65T;.<>5!442?C ,IF5;63;C,#D15B230,O565B3/6I;05I5;4/6532?0>/B5B46,/C13$(cid:159)&;?B01;??5>341;4.;F
$.2?2./.!K<5,<>5.;2>I,6C6,/<=,,@2?C3# <1F320;>>F#J,.5;445?B5533;-4153/66,/?B2?C3,?O2B5,4;@5?=F;B6,?5$Z(cid:155)(cid:156)(? O5C54;62;?;?BO5C;?I,,B3=5I,6541526.5;40,/?456<;643/6C53415<;425?434,4;@5<>;?4S 1;O5=55?I,6.5B=FI>,-2?C-;456,?U;63#
=#*6$ 2.<,64;?4<;64,I415<6,0533-;3I,63025?423434,412?@;=,/4-1;4.2C1415><,41563025?42343 =;35BI,,B3I2634#D16,/C16535;601!4151,3<24;>1;3I,/?B41;4O5C54;62;?;?BO5C;?>;=5>5B X;6>2566535;60141;45T;.2?5BB;4;,I32.2>;63/6I;05I5;4/6533/CC5345B415F.2C141;O5
(B/>4$!QF5;63;?B,O56&’P$$<56<563,?# 415F-,6@5B-241# I,,B345?B4,0;45C,62W5I,,B3;?B;446;04,?>F;0564;2?C6,/<,I4151,3<24;>M3<;425?43# =55?065;45B=F./BO,>0;?,53!-1201>2@5>FI,6.5B2?;65;3-1565415651;B=55?-;456,6
*12>B$&4,!&F5;63&’P!K<56<563,?# D15V;42,?;>J025?05A,/?B;42,?3;F341;4B23;=>5B<5,<>5.;@5/<;=,/441655<5605?4,I _5C54;62;?;?BO5C;?I,,B31;O5=55?>5I4,/4,I415B2543,I<5,<>5-1,B,?M41;O5;?F 205#D156535;6015633;2B4155O2B5?0531,-5B415;65;>2@5>F0,?4;2?5B B55< ,05;?
!--$%-*.% 4153025?05!4501?,>,CF!5?C2?5562?C!;?B.;41-,6@I,605#D15>,-<5605?4;C523<;64>F B254;6F653462042,?3# 5?O26,?.5?43;3-5>>;331;>>,-,?53#),:/-;3415>5;B;/41,6,I41534/BF#:/23;
:5;4156.;F65346204;005334,415R655?*;<5Y2C141,/35O25-2?C<>;4I,6.#N>;?;15;B =50;/35>;=3!0>;336,,.3!;?BI25>B;65;3;65?,4B532C?5BI,6B23;=>5B2?B2O2B/;>3#J,.5 (>41,/C1I,,B23,?>F;3.;>><5605?4;C5,I1,3<24;>0;6=,?5.2332,?3!65B/02?C.5;42? <>;?54;6F3025?42342?+,?Ca,?C#+53;2B!*:55342.;45415I>,,B2?C,I415\4,<2;N>;?242;
;?B.;@5;B;F,I24#H/6+234,620E;O2B3,?:1;>2?CJ4;42,?4,/66/?3,?4153;.5B;F2?415 B23;=>5B34/B5?43;?BI;0/>4F;65342>>4,>B41;4415F0;??,4-,6@2?;>;=,6B,6535;6013;I5>F# 0;I54562;I,,B-2>>65B/054150;6=,?5.2332,?332C?2I20;?4>F#(BB242,?;>>F!O5C54;62;?;?B ,?U;63-;3;=,/4 %#Q9=2>>2,?F5;63;C,#D15,05;?3/6I;05-;3>2@5>FI6,W5?2?;
;I456?,,?# J025?42343-241B23;=2>24253;65<6205>533=50;/35,I41526>2I55T<5625?053#D15F1;O54,0,.5/< O5C;?B2543-2>>15>5M3B2543!2?065;32?C415262?4;@5,I15;>41I/>I2=56! C5,>,C20;>>F31,64<562,B#+
-241065;42O5-;F34,C54<;3401;>>5?C532?41526>2O53);<6,=>5.S3,>O2?C3@2>>41;423?55B5B2?;>;=# O24;.2?3!;?B,4156.206,?/4625?43#(BB2?CI2314,41526.5?/32?415I/4/6523;?,4156C,,B D1535;601I,6-;456,?U;63230>,35>F>2?@5B4,41535;601I,632C?3,I<,332=>5>2I5#
!!"#$!%!!!!%&"’!"$ !!"#$!%!!!!K&"’!"$ !!"#$!%!!!!&&"’!"$ !!"#$!%!!!!Q&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%(’
&%
$#
"!
XO2B5?05,I;<;34,05;?6;2353415<,332=2>24F41;4415<>;?54.;F1;O5,?053/<<,645B>2I5# 3@2?#!%8!#‘;415641;?>,,@2?C>2@5;.;4562;>41;41;33,.5-62?@>532?24!4152.;C53 ’#+,-B,53415-,.;?I55>(
!"#$%&
D15651;O5=55?<;3434/B2533/CC5342?CU;63,?051;B;>;6C5?,64156?,05;?#H?53/01 C5?56;45B=F(G.,B5>3.2C140,.5,/4;>244>54,,C,,B#J,2IF,/-;?44,=/F0>,41532?;? (#(?C6F# )#R6;45I/># *#(<,>,C5420#
34/BF-;365>5;35B2?$"$$#D1;46535;601-;3=;35B,?3;45>>2452.;C53,I415U;642;? ,?>2?50>,415331,# tp’w(cid:148)(cid:149)!7!p9"8"#
3/6I;05#D152.;C53-5650,.=2?5B4,<6,B/05B54;2>5B .;<3,I415<>;?54M3?,64156? !K"! 9#:1;4B,53415-,.;?-;?44,=,66,-(
15.23<1565#XT;.2?;42,?,I415.;<3>5B4,5O2B5?05,I0,;34>2?5341;4,?053;4;44155BC5,I V,-(GS=;35B2.;C5650,C?242,?3F345.3;650;<;=>5,I2B5?42IF2?C5O56F412?C2?2.;C53# ’()*! (#(015.2346F=,,@# )#(?,45=,,@# *#J,.5.,?5F#
;>;6C5,05;?# (G.;F346/CC>54,C5?56;4565;>23420=;0@C6,/?B3,60,?45T441;4;00/6;45>F65I>504341565;> !#!"#!$%&’()*+,-"$%."$/."01.234!"56# 8#+,->,?CB,53415-,.;?-,6@<;64S42.55O56F5O5?2?C(
(?,415634/BF!65>5;35B2?(/C/34!<6535?45B5O2B5?053/CC5342?CU;63.;F0,?4;2?; -,6>B#:2410>,3562?3<5042,?,I415=;0@C6,/?B,6.,653<502I20;?;>F323,I415;00,.<;?F2?C $#7!89":!8;<="!>?!@ABC!"56DE"F+!>G.H (#A,6416551,/63# )#A,6I2O51,/63# *#A,635O5?1,/63#
>;6C5,05;?B55<=5?5;412433/6I;05#D1;45O2B5?05-;3=;35B,?V(J(M3G?J2C14Y;?B56# 45T4!-1201B,53?M4I24-241415O23/;>0,?45?4!F,/.;FB5450441535(GSC5?56;45B<25053# I#JKLM!@NOPQR?!S8HTU!>G.#7!V89":!(!>34 tp9w(cid:148)(cid:149)!7!p!"(cid:150)!$"#
%$#:1;4B,53415/?B56>2?5B-,6B*B235.=;6@5B+2?<;6;C6;<1$.5;?( (#E5450441565;>-,6>B !"56#34WXY6Z[# !"#:15?B2B415.;?5T<5044,65052O5123,6B56(
(#Y;?B5B# )#E5<5?B5B# *#)6,@5# E#E23;<<5;65B# )#(33533=;0@C6,/?B;?B0,?45T4 %#$X\]?!(WXY^!"5_‘a7# (#H?U,?B;F# )#H?D/53B;F# *#H?D1/63B;F#
%%#:1;4B2B4156535;601563I2?BI6,.415B;4;I6,.!"#$%&’( *#D123.5;?341;4;[;0@54.;F;<<5;64,,?205 !!#+,-B,53415.;?3,/?B(
(#D15346/04/65,IU;63# E#(GSC5?56;45B2.;C5345?B4,31,-2.<56I5042.;C53 ) ) +,-.!/0"123#4.%".$ (#V56O,/3# )#(??,F5B# *#(31;.5B#
)#D15=264142.5,IU;63# X#J,.5,I41535566,63;655;32>F?,4205;=>54,1/.;?3 !!!!!b!"!:!!c!(!!!>!G!4!X!Y!6!#!d!e!f!g!\]!?!!!h!(!i!j!k!l+:m(XY6+!>n !$#:1;4;654153<5;@563.;2?>F4;>@2?C;=,/4(
*#(>;6C5=>,0@,I205,?U;63# A#D15F,I45?1;O5;?/?.234;@;=>F;642I202;>;<<5;6;?05 Ho!"56# (#(-6,?CB5>2O56F# )#(I;.,/3I26.# *#E2II565?4I6/243#
E#J2C?3,I;?;?025?4,05;?,?U;63# R#)/4-2410;65I/>,=356O;42,?!F,/0;?3<,4415B2II565?053 p_q!$r&="%<="!#&k!sk’#&k& tp8w(cid:148)(cid:149)!7!p!%(cid:150)!Q"#
%K#:1;4B2B4155;6>2566535;601B230,O56I6,.O,>0;?,53,?U;63( +9-.!$:;<"123#4.%".$ tuv&wDx#5T/3/;>>F46;O5><6,=;=>F(
(#G43.2>B5?O26,?.5?4# )#D155T2345?05,I-;456# p_q!$r!&="%<="!k!sk!&k& (cid:127)#t(cid:130);624F4,415X;641# E#D15B23;<<5;6;?05,I>2I5# (cid:135)(cid:136)uv(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:160)¡2¢£(cid:144)⁄+(cid:128)(cid:129)8(cid:127)# _(cid:138)# )#E/62?C4153<62?C=65;@#
%+,-B2B415$"$$34/BF2?O5342C;45U;63( ]5;63;C,!G4,,@;<>;?54,*/=;I,6-,6@#G3;4?5T44,;!K!!>;BF2?415-;242?C (cid:139)’+,-./012341531264( *#E/62?C4153/..56O;0;42,?#
(#)F/32?CB;4;I6,.415!"#$%&’6,O56# 1;>>#D15>;BF!2?156’"3!-;30;>>5BL;?5;?B-;346F2?C4,!K$!4,1561,.5>;?B!*/=;# !!(#7!8#! )#78#!9# *#78#! !K#:1,B,53J/WF,I45?46;O5>-241(
)#)F;?;>FW2?C3;45>>2452.;C534,065;45.;<3# +;O2?C=55?C2O5?!K%!I6,.415;/41,624F!L;?5-;3;>>,-5B4,O2324156012>B-1, !>(cid:140)*# (#+56I;.2>F# )#+56I625?B3# *#(>5T#
* *
*#)F5T;.2?2?C415<>;?54M33,/4156?15.23<1565# -;3320@2?415\J#D15?315!KK!=;0@;>,?5-241;>;F,O562?U2;.232?05415I>2C14-;3 !#:1;423415<6,=;=>565>;42,?312<=54-55?4153<5;@563( !:1;4B,53J/WF3;F;=,/4.,?5F(
E#)FC5442?C2?I,6.;42,?I6,.V(J(M3G?J2C14Y;?B56# !K&!#J1534;645B4,06F;?BI5>4!KQ!=50;/353151;B?,I625?B3,6I;.2>F2?U2;.2!;?B (#A;4156;?BB;/C1456# )#D5;0156;?B34/B5?4# *#E,04,6;?B<;425?4# (#G423-,6413;O2?CI,6462<3#
p(cid:141)q!$r&="%<="$#&k!sk!$#&k& 315-;3;I6;2B41;43151;B4,3>55<2?415;26<,6432?05315!K’!156I>2C14I,6415?5T4B;F# $#:1565;654150;6@5F3( )#G431,/>B=53<5?4,?=2C462<3#
(cid:135)(cid:136)uv(cid:152)(cid:153)!z(cid:152)(cid:153)?+8(cid:127){8;(cid:160)¡2¢£(cid:144)⁄+(cid:128)(cid:129)8(cid:127)#8(cid:127){ij(cid:127)¥ƒ§ *,?32B562?CL;?5M3!K9! !G0;>>5B.FI625?B!U;6F!-1,>2O5B2?U2;.2!;?B;3@5B156 (#G?415=;C# )#H?415I>,,6# *#G?32B54150;6# *#G423,I45?-;345B2?>244>5462<3#
8(cid:127)# 2I4123>244>5,>B>;BF0,/>B!K8!,O56?2C142?1561,/35#G4,>BU;6FL;?5M3B2>5..;!;?B %#:1;423415.;?C,2?C4,B,I2634( !Q#:1;423J/WF>2@5(
G?4,B;FM3B2C24;>;C5!;642I202;>2?45>>2C5?05$(G&23=50,.2?C2?065;32?C>F0,.<>20;45B! U;6F!&"!;005<45BL;?5#J153;2B315-,/>B65.;@5415=5B-241?5-315543;?B=/F3,.5 (#A2>>3,.5I,6.3# )#(445?B;.5542?C# *#J55;B,04,6# (#A,,>231# )#E2II20/>4# *#+;6B-,6@2?C#
.;@2?C241;6B4,45>>(GSC5?56;45B2.;C53I6,.65;>,?53065;45B=F1/.;?3#!%Q!# 1,4I,,BI,6L;?5# K#:1;423L;0@M3;4424/B54,3-2..2?C,/432B5,?0,>BB;F3( tp!"w(cid:148)(cid:149)!7!p!’(cid:150)$""#
?@’3*%$(*@$7"78$(’--$#%0 (3G4,,@L;?54,U;6FM31,.5!U;6F;?B156.,4156!&!!/3#**,.52?!<>5;35,+ (#N20@F# )#J;423I25B# *#G?B2II565?4# !’#:15?B2BJ,/41(I620;=50,.52?B5<5?B5?4(
(GSC5?56;45B2.;C53.;F5T12=24B2342?04<2T5><;4456?341;4B2II56I6,.41,35I,/?B2? 415F3;2B#D15.,.5?4U;6FM3.,41563;-L;?5!315I6,W5#*L;?5!2324F,/(+U;6FM3.,4156 +,-./01B2B415=,FM3.,4156C2O54,12.;>4,C541564,B;F( (#G?!8!Q# )#G?!8&!# *#G?!8Q!#
<1,4,C6;<13,6 1;?BSB6;-?2.;C53#!%’!!31,-2?C 5T05332O5 B54;2>;?B <650232,?# -123<565B!5F53I2>>5B-241 !&$!#L;?5?,BB5B!;?B415F5.=6;05B!45;63I>,-2?C#G4 + + (#PK""# )#P&""# *#P’""# !9#:1;4234153<5;@56M36;02;>=;0@C6,/?B(
(?;>FW2?C415<2T5><;4456?30;?15><2B5?42IF415B2C24;>;642I;043,665<54242O5<;4456?341;4 !&%!41;4415F1;B=55?,>B?52C1=,632?*/=;B50;B53;C,# p(cid:141)q!$r!&="%<="!#&k!sk$$#&k& (#V;42O5(.5620;?#
;650,..,?>F;33,02;45B-241(GSC5?56;45BO23/;>3# G-;3;>3,;.;W5B;441526!&K!;I456;>,?C35<;6;42,?#a?,-2?CL;?5-;33;I52?415 !!tuv&wDx(cid:142)(cid:143)(cid:144)#,O2?C1;?B3!G-;3!&&!;?B6/315B4,0;401;?,4156I>2C14# {8;(cid:128)(cid:129)8(cid:127)#tIE/401;?B1;>IX?C>231#
(GSC5?56;45B2.;C53,I45?5T12=24;=?,6.;>242532?1;?B3!3/01;35T46;I2?C563#J2?05 K!#(#4;>> )#0,?I2B5?4 *#.2BB>5S;C5B E#35?2,6 ="(};&(cid:132)l+(cid:147)!:m#53305?46;>2?2.;C5341;?I;053!;00/6;45B53062<42,?<,353;01;>>5?C5I,6(G# K$#(#654/6? )#65I56 *#I>55 E#0,?462=/45 tpQw(cid:148)(cid:149)!7!pQ"’"# (#D;=>5U,/?4;2?#
H4156412?C3>2@53465401F-623432?2.;C53.5;?415F;65<6,=;=>F(GS065;45B#!%9!!-12>5 K%#(#2??,O;42,? )#5O;>/;42,? *#<56.2332,? E#0>;62I20;42,? Q#:1;423415.;?0,.<>;2?2?C;=,/4( )#D15*;<5,IR,,B+,<5#
,41563C5?56;45B=F?5-56(G.,B5>3;651;6B564,B2342?C/231# KK#(#B6,O5 )#I>5- *#-;>@5B E#0F0>5B (#D1565234,,./01?,235# *#D15V5>3,?U;?B5>;U/35/.#
A.-*6$.<$#79($#4$6--$@-/#$0 K(#=,,@5B )#0,?42?/5B *#<,34<,?5B E#>;/?015B )#+231,.5-,6@23B2II20/>4# $"#:1;4-2>>4153<5;@56<6,=;=>FB,-241415>2345?563I2634(
J,.5(G2.;C5C5?56;4,63<6,B/0545T4/65341;4;655T05332O5>F3.,,41,6<>;3420S>,,@2?C KQ#(#30;65B )#;.;W5B *#01556I/> E#41;?@I/> *#+5B,53?M4C545?,/C13>55<# (#N;0@=;C3# )#R,4,;1,45># *#+2@5;.,/?4;2?#
!"#$%&
!!"#$!%!!!!’&"’!"$ !!"#$!%!!!!9&"’!"$ !!"#$!%!!!!!&"’!"$ !!"#$!%!!!!$&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%
书书书(’
&%
$#
"!
XO2B5?05,I;<;34,05;?6;2353415<,332=2>24F41;4415<>;?54.;F1;O5,?053/<<,645B>2I5# 3@2?#!%8!#‘;415641;?>,,@2?C>2@5;.;4562;>41;41;33,.5-62?@>532?24!4152.;C53 ’#+,-B,53415-,.;?I55>(
!"#$%&
D15651;O5=55?<;3434/B2533/CC5342?CU;63,?051;B;>;6C5?,64156?,05;?#H?53/01 C5?56;45B=F(G.,B5>3.2C140,.5,/4;>244>54,,C,,B#J,2IF,/-;?44,=/F0>,41532?;? (#(?C6F# )#R6;45I/># *#(<,>,C5420#
34/BF-;365>5;35B2?$"$$#D1;46535;601-;3=;35B,?3;45>>2452.;C53,I415U;642;? ,?>2?50>,415331,# tp’w(cid:148)(cid:149)!7!p9"8"#
3/6I;05#D152.;C53-5650,.=2?5B4,<6,B/05B54;2>5B .;<3,I415<>;?54M3?,64156? !K"! 9#:1;4B,53415-,.;?-;?44,=,66,-(
15.23<1565#XT;.2?;42,?,I415.;<3>5B4,5O2B5?05,I0,;34>2?5341;4,?053;4;44155BC5,I V,-(GS=;35B2.;C5650,C?242,?3F345.3;650;<;=>5,I2B5?42IF2?C5O56F412?C2?2.;C53# ’()*! (#(015.2346F=,,@# )#(?,45=,,@# *#J,.5.,?5F#
;>;6C5,05;?# (G.;F346/CC>54,C5?56;4565;>23420=;0@C6,/?B3,60,?45T441;4;00/6;45>F65I>504341565;> !#!"#!$%&’()*+,-"$%."$/."01.234!"56# 8#+,->,?CB,53415-,.;?-,6@<;64S42.55O56F5O5?2?C(
(?,415634/BF!65>5;35B2?(/C/34!<6535?45B5O2B5?053/CC5342?CU;63.;F0,?4;2?; -,6>B#:2410>,3562?3<5042,?,I415=;0@C6,/?B,6.,653<502I20;?;>F323,I415;00,.<;?F2?C $#7!89":!8;<="!>?!@ABC!"56DE"F+!>G.H (#A,6416551,/63# )#A,6I2O51,/63# *#A,635O5?1,/63#
>;6C5,05;?B55<=5?5;412433/6I;05#D1;45O2B5?05-;3=;35B,?V(J(M3G?J2C14Y;?B56# 45T4!-1201B,53?M4I24-241415O23/;>0,?45?4!F,/.;FB5450441535(GSC5?56;45B<25053# I#JKLM!@NOPQR?!S8HTU!>G.#7!V89":!(!>34 tp9w(cid:148)(cid:149)!7!p!"(cid:150)!$"#
%$#:1;4B,53415/?B56>2?5B-,6B*B235.=;6@5B+2?<;6;C6;<1$.5;?( (#E5450441565;>-,6>B !"56#34WXY6Z[# !"#:15?B2B415.;?5T<5044,65052O5123,6B56(
(#Y;?B5B# )#E5<5?B5B# *#)6,@5# E#E23;<<5;65B# )#(33533=;0@C6,/?B;?B0,?45T4 %#$X\]?!(WXY^!"5_‘a7# (#H?U,?B;F# )#H?D/53B;F# *#H?D1/63B;F#
%%#:1;4B2B4156535;601563I2?BI6,.415B;4;I6,.!"#$%&’( *#D123.5;?341;4;[;0@54.;F;<<5;64,,?205 !!#+,-B,53415.;?3,/?B(
(#D15346/04/65,IU;63# E#(GSC5?56;45B2.;C5345?B4,31,-2.<56I5042.;C53 ) ) +,-.!/0"123#4.%".$ (#V56O,/3# )#(??,F5B# *#(31;.5B#
)#D15=264142.5,IU;63# X#J,.5,I41535566,63;655;32>F?,4205;=>54,1/.;?3 !!!!!b!"!:!!c!(!!!>!G!4!X!Y!6!#!d!e!f!g!\]!?!!!h!(!i!j!k!l+:m(XY6+!>n !$#:1;4;654153<5;@563.;2?>F4;>@2?C;=,/4(
*#(>;6C5=>,0@,I205,?U;63# A#D15F,I45?1;O5;?/?.234;@;=>F;642I202;>;<<5;6;?05 Ho!"56# (#(-6,?CB5>2O56F# )#(I;.,/3I26.# *#E2II565?4I6/243#
E#J2C?3,I;?;?025?4,05;?,?U;63# R#)/4-2410;65I/>,=356O;42,?!F,/0;?3<,4415B2II565?053 p_q!$r&="%<="!#&k!sk’#&k& tp8w(cid:148)(cid:149)!7!p!%(cid:150)!Q"#
%K#:1;4B2B4155;6>2566535;601B230,O56I6,.O,>0;?,53,?U;63( +9-.!$:;<"123#4.%".$ tuv&wDx#5T/3/;>>F46;O5><6,=;=>F(
(#G43.2>B5?O26,?.5?4# )#D155T2345?05,I-;456# p_q!$r!&="%<="!k!sk!&k& (cid:127)#t(cid:130);624F4,415X;641# E#D15B23;<<5;6;?05,I>2I5# (cid:135)(cid:136)uv(cid:152)(cid:153)!z<"|}+(")"*"E(cid:154)y8(cid:127){8;(cid:160)¡2¢£(cid:144)⁄+(cid:128)(cid:129)8(cid:127)# _(cid:138)# )#E/62?C4153<62?C=65;@#
%+,-B2B415$"$$34/BF2?O5342C;45U;63( ]5;63;C,!G4,,@;<>;?54,*/=;I,6-,6@#G3;4?5T44,;!K!!>;BF2?415-;242?C (cid:139)’+,-./012341531264( *#E/62?C4153/..56O;0;42,?#
(#)F/32?CB;4;I6,.415!"#$%&’6,O56# 1;>>#D15>;BF!2?156’"3!-;30;>>5BL;?5;?B-;346F2?C4,!K$!4,1561,.5>;?B!*/=;# !!(#7!8#! )#78#!9# *#78#! !K#:1,B,53J/WF,I45?46;O5>-241(
)#)F;?;>FW2?C3;45>>2452.;C534,065;45.;<3# +;O2?C=55?C2O5?!K%!I6,.415;/41,624F!L;?5-;3;>>,-5B4,O2324156012>B-1, !>(cid:140)*# (#+56I;.2>F# )#+56I625?B3# *#(>5T#
* *
*#)F5T;.2?2?C415<>;?54M33,/4156?15.23<1565# -;3320@2?415\J#D15?315!KK!=;0@;>,?5-241;>;F,O562?U2;.232?05415I>2C14-;3 !#:1;423415<6,=;=>565>;42,?312<=54-55?4153<5;@563( !:1;4B,53J/WF3;F;=,/4.,?5F(
E#)FC5442?C2?I,6.;42,?I6,.V(J(M3G?J2C14Y;?B56# !K&!#J1534;645B4,06F;?BI5>4!KQ!=50;/353151;B?,I625?B3,6I;.2>F2?U2;.2!;?B (#A;4156;?BB;/C1456# )#D5;0156;?B34/B5?4# *#E,04,6;?B<;425?4# (#G423-,6413;O2?CI,6462<3#
p(cid:141)q!$r&="%<="$#&k!sk!$#&k& 315-;3;I6;2B41;43151;B4,3>55<2?415;26<,6432?05315!K’!156I>2C14I,6415?5T4B;F# $#:1565;654150;6@5F3( )#G431,/>B=53<5?4,?=2C462<3#
(cid:135)(cid:136)uv(cid:152)(cid:153)!z(cid:152)(cid:153)?+8(cid:127){8;(cid:160)¡2¢£(cid:144)⁄+(cid:128)(cid:129)8(cid:127)#8(cid:127){ij(cid:127)¥ƒ§ *,?32B562?CL;?5M3!K9! !G0;>>5B.FI625?B!U;6F!-1,>2O5B2?U2;.2!;?B;3@5B156 (#G?415=;C# )#H?415I>,,6# *#G?32B54150;6# *#G423,I45?-;345B2?>244>5462<3#
8(cid:127)# 2I4123>244>5,>B>;BF0,/>B!K8!,O56?2C142?1561,/35#G4,>BU;6FL;?5M3B2>5..;!;?B %#:1;423415.;?C,2?C4,B,I2634( !Q#:1;423J/WF>2@5(
G?4,B;FM3B2C24;>;C5!;642I202;>2?45>>2C5?05$(G&23=50,.2?C2?065;32?C>F0,.<>20;45B! U;6F!&"!;005<45BL;?5#J153;2B315-,/>B65.;@5415=5B-241?5-315543;?B=/F3,.5 (#A2>>3,.5I,6.3# )#(445?B;.5542?C# *#J55;B,04,6# (#A,,>231# )#E2II20/>4# *#+;6B-,6@2?C#
.;@2?C241;6B4,45>>(GSC5?56;45B2.;C53I6,.65;>,?53065;45B=F1/.;?3#!%Q!# 1,4I,,BI,6L;?5# K#:1;423L;0@M3;4424/B54,3-2..2?C,/432B5,?0,>BB;F3( tp!"w(cid:148)(cid:149)!7!p!’(cid:150)$""#
?@’3*%$(*@$7"78$(’--$#%0 (3G4,,@L;?54,U;6FM31,.5!U;6F;?B156.,4156!&!!/3#**,.52?!<>5;35,+ (#N20@F# )#J;423I25B# *#G?B2II565?4# !’#:15?B2BJ,/41(I620;=50,.52?B5<5?B5?4(
(GSC5?56;45B2.;C53.;F5T12=24B2342?04<2T5><;4456?341;4B2II56I6,.41,35I,/?B2? 415F3;2B#D15.,.5?4U;6FM3.,41563;-L;?5!315I6,W5#*L;?5!2324F,/(+U;6FM3.,4156 +,-./01B2B415=,FM3.,4156C2O54,12.;>4,C541564,B;F( (#G?!8!Q# )#G?!8&!# *#G?!8Q!#
<1,4,C6;<13,6 1;?BSB6;-?2.;C53#!%’!!31,-2?C 5T05332O5 B54;2>;?B <650232,?# -123<565B!5F53I2>>5B-241 !&$!#L;?5?,BB5B!;?B415F5.=6;05B!45;63I>,-2?C#G4 + + (#PK""# )#P&""# *#P’""# !9#:1;4234153<5;@56M36;02;>=;0@C6,/?B(
(?;>FW2?C415<2T5><;4456?30;?15><2B5?42IF415B2C24;>;642I;043,665<54242O5<;4456?341;4 !&%!41;4415F1;B=55?,>B?52C1=,632?*/=;B50;B53;C,# p(cid:141)q!$r!&="%<="!#&k!sk$$#&k& (#V;42O5(.5620;?#
;650,..,?>F;33,02;45B-241(GSC5?56;45BO23/;>3# G-;3;>3,;.;W5B;441526!&K!;I456;>,?C35<;6;42,?#a?,-2?CL;?5-;33;I52?415 !!tuv&wDx(cid:142)(cid:143)(cid:144)#,O2?C1;?B3!G-;3!&&!;?B6/315B4,0;401;?,4156I>2C14# {8;(cid:128)(cid:129)8(cid:127)#tIE/401;?B1;>IX?C>231#
(GSC5?56;45B2.;C53,I45?5T12=24;=?,6.;>242532?1;?B3!3/01;35T46;I2?C563#J2?05 K!#(#4;>> )#0,?I2B5?4 *#.2BB>5S;C5B E#35?2,6 ="(};&(cid:132)l+(cid:147)!:m#53305?46;>2?2.;C5341;?I;053!;00/6;45B53062<42,?<,353;01;>>5?C5I,6(G# K$#(#654/6? )#65I56 *#I>55 E#0,?462=/45 tpQw(cid:148)(cid:149)!7!pQ"’"# (#D;=>5U,/?4;2?#
H4156412?C3>2@53465401F-623432?2.;C53.5;?415F;65<6,=;=>F(GS065;45B#!%9!!-12>5 K%#(#2??,O;42,? )#5O;>/;42,? *#<56.2332,? E#0>;62I20;42,? Q#:1;423415.;?0,.<>;2?2?C;=,/4( )#D15*;<5,IR,,B+,<5#
,41563C5?56;45B=F?5-56(G.,B5>3;651;6B564,B2342?C/231# KK#(#B6,O5 )#I>5- *#-;>@5B E#0F0>5B (#D1565234,,./01?,235# *#D15V5>3,?U;?B5>;U/35/.#
A.-*6$.<$#79($#4$6--$@-/#$0 K(#=,,@5B )#0,?42?/5B *#<,34<,?5B E#>;/?015B )#+231,.5-,6@23B2II20/>4# $"#:1;4-2>>4153<5;@56<6,=;=>FB,-241415>2345?563I2634(
J,.5(G2.;C5C5?56;4,63<6,B/0545T4/65341;4;655T05332O5>F3.,,41,6<>;3420S>,,@2?C KQ#(#30;65B )#;.;W5B *#01556I/> E#41;?@I/> *#+5B,53?M4C545?,/C13>55<# (#N;0@=;C3# )#R,4,;1,45># *#+2@5;.,/?4;2?#
!"#$%&
!!"#$!%!!!!’&"’!"$ !!"#$!%!!!!9&"’!"$ !!"#$!%!!!!!&"’!"$ !!"#$!%!!!!$&"’!"$
!"#$!% !"#$!% !"#$!% !"#$!%
书书书(’
&%
$#
"!
K’#(#,O5641,/C14 )#653015B/>5B *#I,6C,4 E#.2335B
K9#(#I;.2>F )#?52C1=,6 *#,00/<;42,? E#350/624F
K8#(#34;F )#-,6@ *#;B;<4 E#5?4564;2?
&"#(#1;6B>F )#2>>5C;>>F *#>;342?C>F E#65;B2>F
&!#(#;3@5B )#-5>0,.5B *#0,..;?B5B E#B545045B
&$#(#I5;6 )#<24F *#B23=5>25I E#65[5042,?
&%#(#4/6?5B,/4 )#0;.5,/4 *#-5?4;=,/4 E#=6,/C14;=,/4
&K#(#462;> )#0,.<;?F *#;C655.5?4 E#5?0,/?456
&(#;BB2045B )#65>25O5B *#0,?I/35B E#5.=;66;335B
p(cid:141)q!$r!"="%<="!#&k!sk!&k&
) (cid:135)(cid:136)uv(cid:152)(cid:153)!4£(cid:144)⁄2¢!y¤'+“«(cid:142)‹.f“«+›fifl(cid:176)#
GIF,/34;644,0,,@-241*12?5355CC?,,B>53I,6!&Q!I263442.5!@?,-2?C41526
O;62542530;?=5;>244>5B2II20/>4#!&’! $<>;05&2?41565I62C56;45B35042,?;4.,34.;6@543!2?
C5?56;>!I6531F5>>,-*12?5355CC?,,B>53!&9! $.;@5&-241-15;4I>,/6;?B5CC3#)53/65
4,=/F62C14,?53;I456F,/0150@>;=5>3#
A6,.<;?SI625B?,,B>534,;=,->,I:,?4,?V,,B>5J,/53;65
;?2.<,64;?4<;64,I*12?5356534;/6;?43#:15?0,,@5B-5>>!415F31,/>B1;O5;I26.=245;?B
;3<502;>I55>!;?B415-2B5O;62;42,?2?.;?F!&8! $;3<504&.;@53*12?5355CC?,,B>53
12C1>F!Q"! $;B;<4&4,;O;6254F,IB23153#
*
D15.,340,..,?O;6254253,II65315CC?,,B>53!!Q!!F,/M>>I2?B2?>,0;>6534;/6;?43!
;65:,?4,?V,,B>53;?BY,U52?$–vJ2?05Y,U52?23!Q$! $4120@&41;?:,?4,?
V,,B>53!415F/3/;>>F4;@5;=,/4416554,I2O5.2?/4534,0,,@2?=,2>2?C-;456#(3-241
:,?4,?V,,B>53!415F31,/>B=5-;315B-2410,>B-;4562IF,/M65?,4C,2?C4,356O5415.
!Q%! $2..5B2;45
L/34!QK!;>>I6531<;34;!I6531*12?5355CC?,,B>5331,/>B=5@5<42?41526,62C2?;>
35;>5B<;0@;C52?41565I62C56;4,6/?42>65;BF4,0,,@#(?B,?05,<5?5B!415F-2>>1;O5,?>F;
0,/<>5,IB;F3=5I,65F,/342>>B53265!Q&! $1;O5&;=544564;345#
+
+=-.!>?"123#4.K".$
p_q!$sk!&k&
†‡h(cid:140)·(cid:181)!6¶•h‚„”»p•…‚‰(cid:190)Mq#¿h3_(cid:192)(cid:152)(cid:153)!`‚´(cid:153)ˆ˜¯!
˘˙¨(cid:201)˚M!fg¸‹’
$!&˚MF+%
$$&˚Mfg%
$%&˚M(cid:204)˝#
˛ˇ’
$!&3(cid:147)«—E¥9"y(cid:209)(cid:210)%
$$&¿(cid:211)Ju(cid:212)(cid:176)4!"5+(cid:213)E1(cid:214)(cid:147)!#
!"#$%&
!!"#$!%!!!!8&"’!"$
!"#$!%&$7$8#’-*%+-,$B*4-,&’3(/0)’8.#B$0-*<’7
p(cid:141)q $sk$&k&
(cid:135)(cid:136)uv(cid:148)(cid:149)!(cid:215)(cid:216)Tfg^|}w(cid:217)(cid:218)(cid:219)(cid:220)(cid:221)3jw!(cid:222)(cid:223)(cid:224)Æ_(cid:192)(cid:130)(cid:226)+(cid:152)(cid:153)#
U2@523415@2?B,IC/FG;>-;F3;B.265#+523;>-;F32?;C,,B.,,B;?B;>-;F31;3
3,.5412?C<,3242O54,3;F#
:15?3,.5,?5;3@5B12.1,-15-;3B,2?C!15-,/>B65<>F!*GIG-565;?F=54456!G
-,/>B=54-2?3,++5-;3;?;4/6;>.,42O;4,6#GI;?5.<>,F55-;31;O2?C;=;BB;F!U2@5
!
-,/>B=54156545>>2?C4155.<>,F551,-4,>,,@,?415<,3242O532B5,I415324/;42,?#
J552?C4123>2I534F>565;>>F.;B5.50/62,/3!3,,?5B;F!G-5?4/<4,U2@5;?B;3@5B
12.!*GB,?M4C5424,],/0;?M4=5;<,3242O5<563,?;>>,I41542.5#+,-B,F,/B,24(+U2@5
65<>25B!*X;01.,6?2?C!G-;@5/<;?B3;F4,.F35>I!-],/1;O54-,01,20534,B;F#],/0;?
01,,354,=52?;C,,B.,,B,62?;=;B.,,B#.G01,,354,=52?;C,,B.,,B#X;0142.5
3,.5412?C=;B1;<<5?3!G0;?01,,354,=5;O2042.,64,>5;6?I6,.24#G01,,354,>5;6?I6,.24#+
*]5;1!62C14!24M3?,441;45;3F!+G<6,45345B#
*]53!2423!+U2@53;2B#*Y2I523;>>;=,/401,2053#:15?F,/0/4;-;F;>>415[/?@!5O56F
324/;42,?23;01,205#],/01,,351,-F,/65;044,324/;42,?3;?B1,-<5,<>5;II504F,/6
"
.,,B#D15=,44,.>2?5’G4M3F,/601,2051,-F,/>2O5F,/6>2I5#+
G65I>5045B,?-1;4U2@53;2B#J,,?;I456!G>5I44150,.<;?F4,34;64.F,-?=/32?533#
(>,?C415-;F!.F0;6556-5?4416,/C1.;?F/<3;?BB,-?3#R6;B/;>>F!-5>,344,/01-241
5;01,4156!=/4G,I45?41,/C14;=,/412.-15?G.;B5;01,205;=,/4>2I52?345;B,I65;042?C
4,24#
Y;456!G3/BB5?>F15;6B41;4U2@5-;32?O,>O5B2?;3562,/3;002B5?4!I;>>2?CI6,.;
4,-56#\?>/0@2>F!151/64123=;0@#G4-;3;I456!91,/63,I3/6C56F;?B-55@3,I2?45?32O5
0;6541;415-;3,/4,IB;?C56#
˛ˇ’
$!&(cid:221)3«—E¥!&"y(cid:209)(cid:210)% #
$$&¿(cid:211)Ju(cid:212)(cid:176)4!"5+(cid:213)E1(cid:214)(cid:147)!#
!!:15?GO23245BU2@52?415650,O56F05?456!G41,/C1415MB=53;B#
!!:15?U2@5>5I41,3<24;>!G2?O245B12.4,1;O50,II55;?B31;65.FB2II20/>4253#
!!"#$!%!!!!"&"’!"$
!"#$!%