Resourceful city

Page 1



!"#$%!&"'%()&*+,


!"#$%&'(&)*+)&,! GH6,)/&G2--6)/ 8=I+&J2:: K2@+7&L277)6 M/26&'06N+--

$+!%-)'.)$'/.0&#" O)1+62&P)/,2B2,+ *:2=7+2&8+62,/2

1,%)"%)-

'()&L26-06&G/0=B4&506706

.(2)&3/+$-+4+)"!

Q)& F0=:7& :+N)& ,0& ,(26N& ,()& ;0::0F+61& +67+@+7=2:-& 267& 0/126+-2,+06-& ;0/& ,()+/& @2:=2C:)& 906,/+C=,+06-& ,0& ,()& 8,=7+0R S06&?CC0,,T&80=,(F2/N&*0=69+: .2,/+9N&U:=6,T&U=-+6)--&<V,/2& W+69)6,&U/0F6T&.=::)6-&O)-+7)6,-&?--09+2,+06&*(2+/326& O+9ND&U=/7),,T&58<&*+,+)/CTVJC %TCYHQTF CPF 2GVGT *CFÆ’GNF .5$7 %NCTGPEG %GPVTG HQT 'PVGTRTKUG CPF +PPQXCVKQP G/)1&M:D66T&<:)B(26,&267&*2-,:)&?3)6+,D&A),F0/N 8(26+9)&M/26N:+6T&'/26-B0/,&;0/&506706 #FCO )TGGPÆ’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

!"#$%&'()&*+,+)-&./01/233)4&'()&506706&89(00:&0;&<90603+9-&267&.0:+,+92:&89+)69)&267&2=,(0/-> ?::&/+1(,&/)-)/@)7>&A0&B2/,&0;&,(+-&B=C:+92,+06&32D&C)&/)B/07=9)74&-,0/)7&+6&/),/+)@2:&-D-,)34&0/&,/26-3+,,)7&+6& 26D&;0/3&0/&CD&26D&3)26-4&):)9,/06+94&3)9(26+92:4&B(0,0E90BD+614&/)90/7+61&0/&0,()/F+-)4&F+,(0=,&,()&B/+0/& F/+,,)6&B)/3+--+06&0;&,()&B=C:+-()/>&?::&+321)-&2/)&9/)7+,-&CD&,()&2=,(0/-4&=6:)--&0,()/F+-)&+67+92,)7>


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Æ’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Æ’ECVKQP CPF EGPVTCNKV[ 6JG[ CNUQ UQWIJV VQ IQ DG[QPF QTVJQFQZ EQPEGRVKQPU QH WTDCP XCNWG VQQ QHVGP FGÆ’PGF KP PCTTQY VGTOU QH RTQRGTV[ CPF RTQÆ’V VQ JKIJNKIJV VJG CUUGVU VJG RQVGPVKCN CPF VJG GXGT[FC[ /)-0=/9);=:6)--&0;&9+,D&)6@+/063)6,-&,(2,&-=BB0/,&7+;;)/)6,&=-)-4&7+;;)/)6,&B0B=:2,+06-&267&326D& FKHHGTGPV OGCPKPIU 6JG UVWFKQ ITQWR YQTMGF KP KPVGTFKUEKRNKPCT[ VGCOU VQ FGÆ’PG CPF TGUGCTEJ ,()+/&-+,)&906,)V,-4&,0&7)@):0B&9/+,+92:&2990=6,-&0;&)V+-,+61&9067+,06-&267&B0,)6,+2:&;=,=/)-4&267&,0& B/0B0-)&0/+1+62:&-,/2,)1+)-&;0/&=/C26&+6,)/@)6,+06>&'()+/&262:D-)-4&+6-+1(,-&267&B/0B0-+,+06-&;0/3& ,()&C2-+-&0;&,(+-&D)2/Z-&B=C:+92,+06> M/26&'06N+-K+/)9,0/4&58<&*+,+)-&./01/233)

'()&*+,+)-&./01/233) '()&506706&89(00:&0;&<90603+9-&267&.0:+,+92:&89+)69) J0=1(,06&8,/)), 506706&Q*"?&"?< 6GN FFF>:-)>29>=NT58<*+,+)-T9+,+)-./01/233)

&*+,-."#*/0)#+%.*$

"5+'/!+'(%"%+!'1,&-,.44+


,+!&#,(+6#/'(%"0'7'.'!"#$%&'+81/&,."%&)'6,&4'"5+' +/+15.)"'9'(.!"/+'"&'!":'-+&,-+;!'(%,(#! 1WT UVWFKQ GZRNQTCVKQP VJKU [GCT YCU DCUGF DGVYGGP VJG 'NGRJCPV %CUVNG CPF 5V )GQTIGŨ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Æ’PGF D[ VJG EWTTGPV GEQPQOKE ETKUKU CPF C PGY RQNKVKECN OQOGPVWO HQT TGIGPGTCVKQP +V KU CP CTGC KP YJKEJ VJG NCTIG UECNG FKURNCEGOGPV QH RGQRNG JCU DGGP HWTVJGT CORNKÆ’GF D[ VJG UQCTKPI NCPF XCNWGU KP .QPFQP VQIGVJGT YKVJ VJG FKUOCPVNKPI QH KPPGT EKV[ UQEKCN (0=-+61&-,09N> Y6:D& 2& ,)6E3+6=,)& C=-& /+7)& ,0& ,()& B/)-,+1+0=-& 9+,D& ,0& +,-& 60/,(4& ,(+-& (+1(:D& -,/2,)1+9& 2/)2& (0-,-& @2/+)7&267&903B),+61&+6,)/)-,->&'(/0=1(&,()&903B:)V+,+)-&0;&,()&-+,)4&-,=7)6,-&F)/)&,0&;09=-&06& =67)/-,267+61&,()&2/)2Z-&/)-0=/9)-&+69:=7+61&+,-&B)0B:)4&B/29,+9)-&267&+6-,+,=,+06->&'()&;09=-&+6& VJG Æ’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Æ’TUV KPUVCPEG! 9JCV EQPVTKDWVGU VQ ,()&-+,)&2-&2&F(0:)^&Q(+9(&B2/,-&3+1(,&C)&30-,&+3B0/,26,&0/&B/07=9,+@)&,0&;09=-&06^ +P FGXGNQRKPI VJGKT RTQEGFWTCN QT RTQITCOOCVKE UVTCVGI[ KUUWGU KPENWFGF Q(0&+-&,(+-&+6,)/@)6,+06&;0/^&Q(+9(&29,0/-&0/&+6-,+,=,+06-&6))7&,0&C)&+6@0:@)7&267&F(0&-(0=:7&:)27^& Q(2,&2/)&,()&=-)-&0;&B0:+9D^&Q(2,&2/)&,()&B0--+C:)&;=67+61&-0=/9)-&267&3)9(26+-3-^ 6JKU UVWFKQ RWDNKECVKQP QH ŧ4GUQWTEGHWN %KV[Ũ TGRTGUGPVU VJG YQTM QH Æ’XG ITQWRU CPF GZRCPFU QWT =67)/-,267+61&0;&F(2,&+,&3)26-&,0&C)&/)-0=/9);=:&+6&2&B)/+07&0;&)90603+9&2=-,)/+,D>&&'()&7+@)/-+,D& CPF TGNGXCPEG QH KUUWGU KPENWFG TGFGÆ’PKPI VJG VGTOU QH CITGGOGPV DGVYGGP NQECN CWVJQTKVKGU 267&B/+@2,)&7)@):0B)/-_&)VB:0/+61&,()&-09+2:&267&)90603+9&7+3)6-+06-&0;&7)6-+,D_&+321+6+61&,()& 9=:,=/2:&/)-0=/9)-&/)]=+/)7&,0&)6(269)&,()&/0:)&0;&,()&(+1(&-,/)),_&9(2::)61+61&,()&+7)2&0;&26&=/C26& 9)6,/)_&267&;09=-+61&06&)7=92,+06&267&,()&92B29+,D&0;&B=C:+9&+6-,+,=,+06-&2-&2&32\0/&-0=/9)&0;& /)6)F2:>


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Æ’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

"("1230+)4)&3#+("

)+-&"%."%)-',+-+)+,."%&) *KUVQTKE RTQEGUUGU QH WTDCP TGIGPGTCVKQP KP VJG 'NGRJCPV %CUVNG CTGC JCXG TGNKGF QP TWRVWTG 267&,()&0610+61&7+-B:29)3)6,-&0;&:2D)/-&0;&-09+2:&:+;)>&'(+-&B/0\)9,&)VB:0/)-&2&30/)&906-+7)/)7& CRRTQCEJ VQ NCTIG UECNG WTDCP TGPGYCN CPF URGEKÆ’ECNN[ HQEWUGU QP VJG PCVWTG QH RCTVPGTUJKR CITGGOGPVU DGVYGGP NQECN CWVJQTKVKGU CPF RTKXCVG FGXGNQRGTU +V UGGMU VQ FGÆ’PG C IGPWKPG RTQEGUU 0;&B2/,+9+B2,+06&+6&F(+9(&2&F+7)&/261)&0;&-,2N)(0:7)/-&2/)&1+@)6&1/)2,)/&@0+9)&+6&,()&B/09)--&0;& =/C26&/)6)F2:>&


O=-:26&?:+)@ ?6+,/2&U2:+12 KD:26&U=:N):)D 5+&S+)&*(00 <:+I2C),(&K)Q0:; 80;ʨ2&G2/9ʨ2 8)/)62&G+/26+ 2GVGT )TKHƒVJU ?+\+61&G=0& O)1+62&P)/,2B2,+ S)662&P)D)U/06FD6&P0,I)6 +FC .KGP U0D+61&5D= '/+-,26&L0/) ?(327&Y-326 5QDKC 4CƒS U)660&O)3C)9N *:2=7+2&8+62,/2 .2=:2&8I)\6;):7&8+/N+80B(+)&'(+C2=:, '03&Q2:N)/ *+,+)-&W+-+,)7


5678)-)79



0"/$+*3+*0/)!"/"0"!3+*$0

68

!"(3+*$03()/!3*0

5:

%!>30)"&$($/,)$')+2")2*/2)#+!""+

;<

3)&3#+(")'$!)+2")"("1230+

=<

30)$1"0)#,#+"?

77;



!"#$%&'%&!#()"#"!")'%&$! '!&%)'(*'+&#'(,(-$./'(#')0/'(,(1"!!'(2"3"-(,(*$3&!#(+34(,('56'7($-6'!


(#'*&+,-'(&#

!"#$%&'()"%*("+%),-(.&)#,/%-)&)(0%'1*(%2((,%-"(1&(3% &'"#45'%&'(%5(#5"1.')-16%1,3%0#-)16%-#,-(,&"1&)#,% #7%1%04".640%."#34-&8%9"21,):1&)#,%'10%16;1+0%2((,/% &'("(7#"(/%1%-6100%.'(,#$(,#,%#7%0#$(%0#"&/%0),-(% 04".640(0% '1*(% 2((,% (<&"1-&(3% 7"#$% 0#$(;'("(% 1,3% 7"#$% 0#$(2#3+/% ;')6(% -#,&"#6% #*("% &'(% 40(% #7% &'(%04".640%&+.)-166+%6)(0%),%&'(%'1,30%#7%1%7(;8 =>1"*(+/%?@A?BCD

L(5(,("1&)#,% #"% &'(% N1-&% #7% "(5(,("1&),5O% )0% &#% "(W-"(1&(/% "(-#,0&)&4&(/% #"% $1U(% #*("/% (0.(-)166+% ),% 1% 2(&&("% 7#"$% #"% -#,3)&)#,8%>#;(*("/%&')0%'10%,#&%2((,%&'(%-10(%7#"%I6(.'1,&%% J%K10&6(/%;'("(%1%')0&#")-16%1,16+0)0%#7%&'(%1"(1%"(*(160%$1,+% 5(,("1&)#,0%#7%&12461%"101%3(*(6#.$(,&/%;')-'/%-#4.6(3%;)&'% 1%3($#5"1.')-%#7%3(.")*1&)#,%=X#4&';1"U%K#4,-)6/%?@AABE?YD% "(*(160% &'1&% ."(*)#40% 1.."#1-'(0% &#% 4"21,% "(,(;16% 3)3% ,#&% [KGNF UWHƒEKGPV UQNWVKQPU VQ UQNXKPI UQEKCN RTQDNGOU

E0%F1*)3%>1"*(+%.#),&0%#4&/%&'(%."#-(00%#7%4"21,)01&)#,/%1,3% ;)&'%)&/%&'(%0'1.(0%&'1&%&'(%-)&)(0%1-G4)"(%1,3%&'(%6)*(6)'##3% 0&+6(0%&'1&%&'(+%7#"$/%1"(%1%3)"(-&%"(046&%#7%1%.61,,),5%$#3(6% &'1&%)0%-#,&"#66(3%2+%1%7(;%1,3%,#&%04)&(3%7#"%1668%

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ƒE CTGC YJKNG FTCYKPI QWV C ITGCVGT HTCOGYQTM HQT &'),U),5%12#4&%U(+%-")&(")1%7#"%.61,,),5%1&%1%61"5(%0-16(%;'("(% &'(%N"(0#4"-(746%-)&+O%)0%($2"1-(3%1,3%(,'1,-(38%

#$%&'()'(#%"*$%$#$*)'(&#

./01"23"4")56/78"9/5:";<"$85=>7?@"A"-7B@85"6;C?D7E;C@" H'(% I6(.'1,&% J% K10&6(% "(5)#,/% 3(0.)&(% 4,3("5#),5% 04--(00)*(% .'10(0% #7% "(5(,("1&)#,/%-#,&),4(0%&#%2(%-'1"1-&(")0(3%2+%61"5(%7##&W."),&%24)6&%7#"$8% X#4"-(B%S)-+-6(%F4&-'/%?@A]

!"

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


H-**$#'"*$%$#$*)'(&#"2&.$4 '+$",&-*"&*.$*/"&,"*$%$#$*)'(&#

01"'$23&*)4"&*.$*

!"#$% &'((')*% +*% #,% -./'*+$+',% '&% "')% -#0"% '&% $"-*-% '12-1*% 0',$1+34$-2%$'%$"-%*400-**+5-%1-6-,-1#$+',%'&%$"-%#1-#7%#,2% JQY VJGUG YKNN RGTRGVWCVG VJG RTQDNGOU VJCV ECP DG KFGPVKƒGF #,2%(#$-1%-./('1-2%+,%$-18*%'&%*'0+#(%0#/+$#(9

:"-% $-8/'1#(% '12-1% #$% ;(-/"#,$% <% =#*$(-% +*% 4,2-1*$''2% $"1'46"%$"-%>4.$#/'*+$+',%'&%$"-%*$#$+0%34+($%&'18%#,2%?+,-$+0% 8'5-8-,$% #*% #% 1-*4($% '&% +$*% 1'(-% #*% #% 8#>'1% $1#,*/'1$#$+',% "43%&'1%*'4$"%@',2',9%:"-%*0#(-%'&%$"-%1-6-,-1#$+',%-&&'1$*% #(*'% /'*-% 8#,A% $-8/'1#(% /1'3(-8*% 24-% $'% $"-+1% *+B-% #,2% UKOWNVCPGQWU PCVWTG 6JKU OCMGU KV FKHƒEWNV VQ FGVGTOKPG YJCV ?+,2%'&%/#0-%+*%3-*$%*4+$-2%&'1%1-2-5-('/8-,$C%#*%/-1/-$4#(% TGFGXGNQROGPV JCU RTGXKQWUN[ ETGCVGF VGORQTCT[ DGPGƒVU )+$"'4$%/1'5+2+,6%#%*4*$#+,#3(-%*$#3+(+$A%&'1%$"-%0'884,+$A9% D22+$+',#((A7% )+$"% $"-% "-1+$#6-% #**-$*% 0',0-,$1#$-2% ,-#1% $"-% 1'4,2#3'4$7% $"-% 4/0'8+,6% 1-6-,-1#$+',% &#0-*% #,'$"-1% 0"#((-,6-%1-6#12+,6%$"-%8#+,$-,#,0-%'&%#%3#(#,0-%3-$)--,% '(2%#,2%,-)%#0$'1*9

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

%,671"80"9"'6:;<6=;">?"@;7;=;@AB6>="A=C" DEAB6A<">@C;@6=7"AB"$<;EFA=B"G"HADB<;"@>I=CAJ>IB =',*$#,$%1-34+(2+,6%"#*%#$$1+34$-2%$'%#%2+*0',,-0$%3-$)--,%+,2+5+24#(%(#16-% UECNG FGXGNQROGPV CPF VJG WPFGTN[KPI WTDCP HCDTKE #TVKƒEKCN DQWPFCTKGU CPF $"-% 1-*+24#(% */#0-*% +,% 3-$)--,% 34+(2+,6% &''$/1+,$*% 2'% ,'$% #((')% +,2+5+24#(% *+$-*%$'%1-*/',2%$'%-#0"%'$"-19

!! !# $ !" * "

!"

#$%&'()'(#%"*$%$#$*)'(&#

K$L O'%0"#,6-

)

P-34+($%',0P-34+($%$)'%'1%8'1-%$+8-* K9%H"'//+,6%=-,$1-9%Q4+($%KRST9%P-&413+*"-2%KRRJ9 I9%;(-/"#,$%<%=#*$(-%:43-%H$#$+',9% U9%V#1#2#A%W-8'1+#(9%Q4+($%KRSK9 X9%@',2',%='((-6-%'&%='884,+0#$+',9%Q4+($%KYRX9%P-34+($%+,%KRKK9% %%%%P-&413+*"-2%+,%KRXR7%KRYT7%KRRS9 T9%W-$1'/'(+$#,%:#3-1,#0(-9%Q4+($%+,%KYSK9%P-34+($%+,%KRXK%#,2%KRTM9 S9%Z,-%$"-%;(-/"#,$9%:'%3-%0'8/(-$-2%+,%IJKT9 M9%P-01-#$+',%=-,$1-9%:'%3-%0'8/(-$-2%+,%IJKT9

! (

&

'

%


0."+(#)#A()E"&*D$*

FE)##(#%"A&#'$G'

+PXGUVOGPVU KP VJG 'NGRJCPV %CUVNG CTG UKIPKÆ’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Æ’EKV[ VQYCTFU VJG NQECN NGXGN DWV CNUQ KPETGCUGU KP $./,,%,1'$2"-"3",-"'&*>/23#'&("',/&%*,/.';2/0">*2H8'

+,-."/0"1"2345637468,7"984378345"8:68",;<=35;75" 45-5;5468,>;"68"$=5?:6;8"@"A698=5 !"#$%&"' &("' )*+,-%.' /##+0%,1' ./21"2' 2*."#' /,3' 4"%,1' 0*2"' %,5*.5"3' %,' &("' 2"1","2/&%*,'$2*-"##6'&("'$./,,%,1'#7#&"0'%#'5"27'0+-('(%"2/2-(%-/.8

<(09"#('%&'(##9#8%&"'95=% >3(;72"34%*+,*%)<&&>!"#$%&"'()*+, !"#$"#%&'(#%)*+,,-

6787#73(09"#%:8377;7#0

2%3%4/5()6%4#57"38, ./BB'7;7#0(3=%&'(##9#8%C"5/;7#0 :37(%:509"#%&'(#

@"/#59'

!7#$% !7(?7

#$%&'()'(#%"*$%$#$*)'(&#

."/012(34%!"5('%&'(# ’‡…‹Ƥ…‹–›

<7981A"/31""$%&'(# !.$/59%435%%1

!"

:'"&&$&/(:3.;.1.&;.

-./$%&"'()0%&1%&,


+&,()-".)-/$+")#0"*$,(1*&,('($+

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

#$%&'()'(#%"*$%$#$*)'(&#

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

' " # $

! %

&

2345"6E"8"#9:;<=>?"<@"F94BF"B4=99G9C:

' " # $

! %

&

2345"6H"8"#9:;<=>?"<@"I<J<A9=B:3<C"BCK"=9?<L=I9"?DB=3C4

' " # M$N Q&.0'#.)"2+$8#03##'$&*0,.) =#/&%$&/.##:#'0)>$#@2)02'/ =#/&%$&/.##:#'0)>$&'02*2+&0#(

!"

2345"67"8"#9:;<=>?"<@"AB=:C9=?D3A

E#),1.*#$)"&.2'/$&'($.#*2+.,*202#)

R;$D",++2'/$6#'0.# H;$!.&')+,.0$-,.$=,'(,' S;$D,10"3&.C$6,1'*2% T;$=66 J;$<#0.,+,%20&'$!&8#.'&*%# U;$=#'($=#&)# V;$E#*.#&02,'$6#'0.#

$

&

! %


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ƒ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ƒTON[ GUVCDNKUJKPI EQOOGTEKCN KPVGTGUVU CU VJG ƒTUV RTKQTKV[

/0

/!

/E

!"

#$%&'()'(#%"*$%$#$*)'(&#

+,-."/0"1"$2345678"9":6;823"56;"3<837=3=">437,7-" JQWTU HQT EQOOWVGT VTCHƒE +,-."/!"1"?::"@8A=378;"B,;,8,7-"853"C>>=">CC3D"68" $2345678"9":6;823"@5>44,7-":378D3 +,-."/E"1"(783D738"F6C3"68"853"$2345678"9":6;823"@5>44,7-":378D3


+,-."/0"1"'2345"67"859:6;<";5=,>;6=,9,5?"2@68-"9A5"B,775;589",8?9,9C9,68?"29"$45>A289"D"E2?945 /$"012&$

(3456&$

I)*'#$*NO(IN 7"#3%16

8&32+8&49&

:";<+2&0&6"=>&3;+=4$;3&$9+<40&+91?3&2+;<&+@&?&3&$4;1"3+A?$&&>&3;+49+4+6&?46+%"3;$4%;+B"$+;<&+ $&2&0&6"=>&3;+"B+(6&=<43;+C+749;6&D

EB8

8&32+8&49&

6H. QHHGTU VTCPURQTV KPHTCUVTWEVWTG VQ CEEQOOQFCVG UKIPKƒECPV NGXGNU QH ITQYVJ VJCV EQOG HTQO ;<&+F&0&6"=>&3;D

7"#3%16

8&32+8&49&

:";<+2&0&6"=>&3;+=4$;3&$9+4$&+B#3213?+;<&+@&%$&4;1"3+7&3;$&D

EB8+

7"#3%16

EB8+G166+=$"012&+13B$49;$#%;#$&+1>=$"0&>&3;9+1B+;<&+F&0&6"=>&3;+3&&29+9"D

877

E45&$34%6&

877+ 91?3&2+ 4+ %">=&394;1"3+ 4?$&&>&3;+ G1;<+ ;<&+ E45&$34%6&+ G<&3+ ;<&H+ <42+ ;"+ &I=432+ ;<&1$+ 5#16213?*+;<19+13%6#2&2+B$&&+=4$J13?+9=4%&+B"$+;<&+9;4BB+432+;<&+=4$19<1"3&$9D

8&32+8&49&

!<"==13?+7&3;$&

8&32+8&49&+<49+2&%64$&2+;<4;+;<&H+%"#62+=";&3;1466H+"G3+;<&+!<"==13?+7&3;$&+13+;<&+B#;#$&+ K;<19+G49+=4$;+"B+;<&1$+"$1?1346+>49;&$+=643LD

!<"==13?+7&3;$&

E45&$34%6&

!<"==13?+7&3;$&+=$"012&9+=4$J13?+9=4%&+;"+4%%">>"24;&+=4$19<1"3&$9+"3+5#9H+!#324H9D

!<"==13?+7&3;$&

EB8

6JG 5JQRRKPI %GPVTG QRGPKPI JQWTU JCXG DGGP UGV URGEKƒECNN[ VQ RTQXKFG CEEGUU VQ VJG VTCKP

E45&$34%6&

877

E<&+E45&$34%6&+=$"012&9+4+<466+;"+877+13+&I4>+=&$1"29D

!<"==13?+7&3;$&

877

E<&+ !<"==13?+ 7&3;$&+ 19+ #9&2+ 5H+ 9;#2&3;9+ "B+ 877+ B"$+ 9&$01%&9+ 9#%<+ 49+ B""2*+ G"$J13?+ 9=4%&*+ 13;&$3&;+432+543J13?*+913%&+;<&+#310&$91;H+%433";+4BB"$2+9=4%&+B"$+;<&>D

!<"==13?+7&3;$&

8&32+8&49&

8&32+8&49&+<49+B#32&2+43+4$;+%">=&;1;1"3+5&;G&&3+9;#2&3;9++"B+877+G<1%<+G49+&I<151;&2+13+ ;<&+!<"==13?+7&3;$&D

EB8

877

E<&+M4$424H+N&>"$146+<49+9&$0&2+49+4+=64;B"$>+;"+219=64H+;<&+21?1;46+>&214+G"$J+2"3&+5H+877+ 9;#2&3;9D

J$%)J")%*$$M$#'

*$N&P*E$"NO)*(#%

!"

#$%&'()'(#%"*$%$#$*)'(&#

+,-."//"1"&85"9A5"$45>A289"28B"9A5"*5=;529,68"E589;5" 35,8-"B5F546>5B"?,@C492856C?4G +,-."/H"1"'235;82=45"I2;,?A,685;?"C?,8-"9A5"JEE"=2;>2;< +,-."/K"1"JEE"I;6L5=9,8-"2;9:6;<?"6896"9A5"+2;2B2G"M5@6;,24 !"#$%&'!()*+,-).

//

/H

/K


,-./#!0#1#2-3.435#-66789439-:.#9;<#4<639-=<#8>?-36#=367<#388>?-39<@#A-9;# 9;<#B>:@>:#C>66<.<#>D#C>557:-?39->: *'$+'$(,'**-.-(')(,'//0$1,#!1'$

L4-$(%I4& *$%& M,$724654/& 8NO& $*& "22& -+(64,+-& I$:4& *%$:& $?4%-4"-D& -+(64,+-& .4"M& "& +$+"2& $*& EP9& 2",5("54-<=>,+4%?347& K$,6$,&B$22454&$*&B$::(,3I"+3$,D&89EFG '

@,5"54:4,+&73+'&.()23I&%4"2:/&C+(64,+-&'"?4&246&63-I(--3$,-& ",6&:"64&64-35,&3,+4%?4,+3$,-&*$%&3:.%$?4:4,+-&$*&+'4&"%4"<

" #

!

$

%

&

,-./#!E#1#2-3.435#-66789439-:.#9;<#4<639-=<#8>?-36#=367<# 388>?-39<@#A-9;#(43:8F>49#D>4#B>:@>: G%H !()*+,--./0)12/342 "()546/7-,43)8,4)9,/:,/);589< '()*,=3+>64?)1,=/@.A #()911 $()B234,-,A.36/)56C24/6@A2 %()92/:)92672 &()D2@4263.,/)12/342

'

"

!

$

&

%

!"#$%& '()& *$%& +%",-.$%+/& 01& )(-23,4-& ."--& +'%$(5'& +'4& %$(,6")$(+& 7'324& +'4& +%"3,& 3+-42*& '$26-& 89& :3223$,& #$(%,4;-& "& ;4"%<&=>,+4%?347&@24.'",+&A&B"-+24&C'$..3,5&B4,+%4&!","54%D& 89EFG >:.%$?46& .464-+%3",& 4H.4%34,I4/& J'4%4& 7322& )4& %$"6& 3:.%$?4:4,+-&+$&%46(I4&+'4&":$(,+&$*&I"%-D&.%$?364&6463I"+46& ",6&63%4I+&I;I24&%$(+-D&%4.2"I4&-()7";-&73+'&-35,"23-46&I%$--3,5& ",6&3:.%$?4&.()23I&-."I4-&"%$(,6&+'4&%$(,6")$(+<& =J%",-.$%+&*$%&K$,6$,D&89E8G

!"#

#

$%&'()*()$&#+%&%$%+*()'$

!"#$%&'"!()'"(*'$+'$


+,-."!/"0"1,2-324",55678328,9-"8:;"3;528,<;"7=>,25"<256;"277=>,28;?"@,8:" 8:;"A;83=B=5,829"'2C;392>5; !!!"#$%&'&()$*+!$*,#%+*-(# !"#$"% &'% (&))*#+,-.% /011% 234+$5+&#"4$% 3,,"#6% $"47+("% "7"4-% 8""9"#6:

ǣ ơ 3#6%$2"(+3;%$"47+("%+$%6";+7"4"6%'&4%6"3'%3#6%)*,"%2"&2;":%

'

<(("$$.% '4""% =*$% $"47+("$% =4+#>% 2"&2;"% +#% '4&)% '&*4% &,5"4% =&4&*>5$%34&*#6%!&*,58349: ?&*,5% $*22&4,.% @&))*#+,-% 24&>43))"% '&4% A+=;"% !,*6-% 3#6% (5+;6%(34":

" #

! $

%

&

+,-."!D"0"1,2-324",55678328,9-"8:;"3;528,<;"7=>,25"<256;"277=>,28;?"@,8:" 8:;"$5;B:298"E"F2785;"G:=BB,9-"F;983;

!!!!#(#'.*+$!/!-*0$(#!0.&'')+1!-#+$%# B#(&*43>)"#,% &'% '")3;"% "#,4"24"#"*4$5+2.%C5"% DE% &'% $";'F Ƥ 3,%B;"253#,G%@3$,;"%85"4"%HDE%&'%+#6"2"#6"#,%=*$+#"$$"$%&#% ,5"%>4&*#6%;"7";%34"%4*#%=-%8&)"#:%IJK2"L%M">4","N%O1//P

'

!",,+#>%'&4%)+>43#,%"#,4"24"#"*4$%3#6%3#%&22&4,*#+,-%'&4%$";'F ")2;&-)"#,.%C5"%$)3;;%*2'4&#,%+#7"$,)"#,$%'&4%$5&29""2"4$% )"3#%,53,%QDE%&'%=*$+#"$$"$%34"%+#6"2"#6"#,;-F4*#:% IJK2"L%M">4","N%O1//P

#$%&'()'(#%"*$%$#$*)'(&#

" #

& !!"

!

$

J34>"%#*)="4%&'%*$"4$.%Q1%)+;;+&#%'&&,'3;;%2"4%-"34%&'%85+(5%H1% Ƥ Ǥ ȋ !5&22+#>%@"#,4"%R3#3>"4N%O1/SP T+7"4$+,-% &'% ,"#3#,$% 3#6% *$"4$.% H/E% &'% ,5"% =*$+#"$$"$% +#% ,5"% Ƥ Ǥ IJK2"L%M">4","N%O1//P

%

J&#>%,"4)%,"#3#,$.%!&)"%,"#3#,$%537"%=""#%4"#,+#>%3%$23("%+#% ,5"%$5&22+#>%("#,4"%3#6%+#%,5"%)349",%'&4%)&4"%,53#%/D%-"34$:%


*$*,-.).#'/#(0%# +%&%$%+*()'$#*&+%%1%$(

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

5QWVJYCTM %QWPEKN CPF .GPF .GCUG CTG DQVJ Æ’PCPEKCN 4#'#>)6*,(/$*,$*"#$(#&#'#()*+,'<$X)()&()0"$R<L$,>$86"#312#$ W$/*)*#/C 6JG %QWPEKN UJCNN DG GPVKVNGF VQ RTQÆ’V QXGTCIG GSWCN VQ RGTEGPV QH VJG PGV RTQÆ’V .KPMNCVGTU 6JKU TGKPHQTEGU VJG HCEV VJCV VJKU KU C RTQÆ’V FTKXGP CITGGOGPV CPF VJCV CP[ FGEKUKQPU OCFG YKNN HWNÆ’NN VJQUG KPVGTGUVU 9JGP (#)3$+'$*"#$6,'*#Q*$,>$*"#$62)1/#/$3+/61//#3$+'$*"#$0)()&()0"$ CDQXG KV KU CDWPFCPVN[ ENGCT VJCV RTQÆ’V JCU DGGP RTKQTKVKUGF ,@#($ *"#$ :,1'6+2T/$ 5+3#($ (#/0,'/+4+2+*+#/$ *,$ *"#$ 2,6)2$ )(#)<$ 6JG FQEWOGPV CNUQ UVCVGU VJCV VJG RCTVKGU YKNN UJCTG RTQÆ’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

$%&'()*()$&#+%&%$%+*()'$

!"#$%#&#'#()*+,'$-&(##.#'*$/#*/$10$)$H)')&#.#'*$I,)(3$ J:2)1/#$ KL<MN$ >,($ 3#6+/+,'$ .)9+'&$ 4#*5##'$ *"#$ 0)(*+#/$ J;+'92)*#(/F$LOMOCKPN<$=*$',*#/$*")*$)$.+'+.1.$,>$*5,$0#(/,'/$ 0#($)6*,($5+22$4#$0(#/#'*F$*",1&"$',$()*+,$>,($(#0(#/#'*)*+,'$+/$ )00)(#'*$)22,5+'&$>,($)'$1'#?1)2$#Q#(*+,'$,>$0,5#($4#*5##'$ *"#$ :,1'6+2$ )'3$ ;#'3$ ;#)/#<$ ='$ )33+*+,'$ *,$ *"+/F$ ',$ ,*"#($ #Q*#(')2$/*)9#",23#(/$")@#$+'>21#'6#$)'3$)(#$',*$0(+@E$*,$*"#$ 3#6+/+,'/$.)3#$4E$*"#$I,)(3<$

='$#//#'6#F$*"+/$)22,5/$)$0(+@)*#$0)(*E$*,$6,.0#2$*"#$)6*+,'/$ ,>$)$0142+6$4,3E$>,($*"#$01(0,/#/$,>$+*/$,5'$6,..#(6+)2$&)+'F$ 5"+6"$ )&)+'$ +/$ "+&"2E$ ?1#/*+,')42#$ >(,.$ 4,*"$ 0,2+*+6)2$ )'3$ #*"+6)2$0#(/0#6*+@#/<$

!"#

!"#$ %#&#'#()*+,'$ -&(##.#'*$ /*+012)*#/$ *"#$ (+&"*/$ )'3$ (#/0,'/+4+2+*+#/$ 4#*5##'$ *"#$ *5,$ .)+'$ )6*,(/$ +'$ *"#$ '#&,*+)*+'&$*+#($7$8,1*"5)(9$:,1'6+2$)'3$;#'3$;#)/#<$=*$/#*/$ ,1*$ *"#$ >().#5,(9$ >,($ )$ 1'+?1#$ 3#@#2,0.#'*$ 0)(*'#(/"+0$ *")*$#'6,.0)//#/$*"(##$+.0,(*)'*$0+#6#/$,>$2)'3$+'$A2#0")'*$ B$ :)/*2#C$ *"#$ D#E&)*#$ A/*)*#F$ G'#$ *"#$ A2#0")'*$ )'3$ *"#$ 8,1*"5)(9$ :,1'6+2$ %#6(#)*+,'$ :#'*(#<$ !"#$ )&(##.#'*$ +/$ EQOOGTEKCNN[ EQPÆ’FGPVKCN CPF KV KU HQT VJKU TGCUQP VJCV *"#$ *+#($ ,>$ '#&,*+)*+,'$ ,0#()*#/$ +'$ +/,2)*+,'$ 5+*"$ .+'+.)2$ 0#(.#)4+2+*E<$-$3#*)+2#3$)')2E/+/$,>$*"#$)&(##.#'*$(#@#)2#3$ /#@#()2$0(,42#.)*+6$62)1/#/F$.)'E$,>$5"+6"$3,$',*$*)9#$+'*,$ )66,1'*$*"#$/,6+)2F$,($)'E$,*"#(F$/*)9#",23#($+'*#(#/*/<$


&,)-)$&#.+)$/).0%1

!"#$%&' ()"*$%(+' ,-(' ./00(%,' 0(&(%(0",$1%' *1+(23' 4(' 5"4' ,-",' *1#$%&' 6104"0+' 41/2+' 0(7/$0(' 2"8$%&' +14%' .(0,"$%' 90$%.$92(5' ,-",' -(0(,1610(' -"+' %1,' :((%' 1:5(0#(+3' "%+' ,-",' .1/2+'&/$+('"'%(4'*1+(2'610'0(&(%(0",$1%; <='>01"+(%$%&',-('*("5/0('610'?."9$,"2@',1'$%.2/+('51.$"2'#"2/(' 4$,-$%' 6("5$:$2$,8' 5,/+$(5=' A-(' "55$&%*(%,' 16' %(&1,$",$1%' RQYGT VQ CIGPVU UQNGN[ CEEQTFKPI VQ VJGKT Æ’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Æ’PG VJGO DCUGF QP GORKTKECN 1:5(0#",$1%5=

@BCI#!J#K#1823:<#85=D2;BA5?#5L#47:#%3:D72?4#E#/2A43:# 'DD5;46?B4M#*;:2#NB47#547:;#=5<:3A#5L#;:C:?:;24B5?#28;5AA#47:#N5;3< 6JG Æ’XG ECUG UVWFKGU CTG UGNGEVGF VQ TGHNGEV GNGOGPVU QH QWT ,-0(('D(8'90$%.$92(5=

%3:D72?4#E#/2A43:

12?#-B:C5

,;>2?#@5;:A4#

15647#.2849#+544:;<2=

02#.3242

!"#

$%&'()*()$&#+%&%$%+*()'$

F5D#G2?#H6B<


K*B%#B(I3)%B F'C#G*$#HI)3#*$3#(J%#B'I(J#C*K(L#+'((%+3*M !,2%3/,-#$$'( #( 63-:$#16( $3-#%"6( 23*%&( 38( %&"( ;,0"/( <#22=( >3)( 0#1( ?*,6( #16( ,%2( 2*//3*16,15( 2*+*/+2( &#6( #( 1"5#%,0"( 6"0"$3)7"1%( 0#$*"( #8%"/( #( 2&,8%( ,1( %&"( "-3137'( 6*/,15( %&"( @ABC29(D1(@AEF=(%&"(G,%'(38(;3%%"/6#7()/3)32"6(#(7#2%"/()$#1( 83/( >3)( 0#1( ?*,6( H2( /"5"1"/#%,319( D%( -312,2%"6( 38( ,7)/30,15( -311"-%,0,%'( 4,%&( %&"( -,%'( -"1%/"I( ,10"2%,15( ,1( 7,J"6.*2"( +*,$6,152=(4&"/"(/"1%(4#2($,1:"6(%3(,1-37"I(K/"*2,15("J,2%,15( $#167#/:( +*,$6,152( 4&"1"0"/( )322,+$"H( LG#6"$$( "%( #$( MCCEN( OOPI( -312%/*-%,15( #( 1*7+"/( 38( ,-31,-( +*,$6,152( %3( +332%( +/#16,15I(#16(/*11,15(#()/35/#77"(%&#%($,1:2($3-#$(/"2,6"1%2( %3( "7)$3'7"1%( 3))3/%*1,%,"29( D%( 4#2( #%%"1%,0"( %3( %&"( 23-,#$( 8#+/,-(,1(4&,-&(,%(3)"/#%"6=(4&,-&(,$$*2%/#%"2(%&#%(#()/3Q"-%H2( 3*%-37"2( 63( 13%( 1"-"22#/,$'( 83$$34( %&"( &,"/#/-&,-#$( 1#%*/"( 38(,%2(#5"1%29

,-./#!N#2#M4-:#B95;;9#-:#F49;:954?79 S&"(/"5"1"/#%,31(83-*2"6(31(#1(K#6#)%,0"(/"*2"H(2%/#%"5'(4&,-&(%*/1"6(3$6( #16( #+#1631"6( 2,%"2( ,1%3( #-%,0"( #16( )/36*-%,0"( 2)#-"2( 83/( #( 6,0"/2"( 7,J( 38(*2"29(S&"(G#8"(G*$%*/"(38(>#%"1%/#-&%(,2(#1("J#7)$"(38(%&"()/36*-%(%&#%( -#7"(8/37(%&"(/"0,%#$,2#%,31(38(#1(3$6(8#-%3/'(,1%3(#1("1%/")/"1"*/,#$(&*+(#16( GZGORNKƒGU VJG PQVKQP QH ITQYKPI HTQO VJG QWVUKFG KP T3*/-"N(;3%%"/6#7(G,%'(%3(V,0"(,1=(MC@W

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

,-./#01#2#3-4.546#7-.78-.79-:.#97;#<5.4:-=49-<:48#=95>?9>5;#>:@;5#A7-?7# 97;#B<>97#C4?9#5;.;:;549-<:#D5<E;?9#A4=#-6D8;6;:9;@/# !"#$%&'()*+$,-.)/,0#%"()#/%1"/2&,)(-#1(3--*/(4&"1(#(23-,#$(-#),%#$(2%/#%"5'( 6/,0"2( %&"( /"5"1"/#%,31( #5/""7"1%( #16( 4&"1( %&"/"( ,2( #( &,5&( $"0"$( 38( %/#12)#/"1-'(#16(2-/*%,1'9

6("-5$%&J*)(5",("!"#$%#&"#'()*+,

C(0<("**5;&D#4E ,#"0F0+$%0-G

I<99(%,*";(&D#4E,#"0F0+$%0-G

3**"45*" '(&/0(#1(&2"0(

8(9-0$

3*"0":4(;50<=&>*--(5;$,

-'./)&#$0123,.*4$52'62')&.2*,7

ȋ Ȍ ;##+<)9=

829.)($5)6.&)( :)&)

!""#$%&'()(%*+,("-&.%$"

>(%($9(;&-*&-H(&+#4%0F

6*,73*"("

$%&'()*()$&#+%&%$%+*()'$

>*--(5;$,&'()(%*+,("-& 6*5+*5$-0*"&?@A>B

!"#

6H$5%*09&D#4E ,#"0F0+$%0-G


,+-*$#.'+%/(0#/',(12*+3#4#5'$6'$ !"#$%#$%&%'()(*(+,-.(/0%$1"(.(%2,'%0"(%&'(&%(30(/)#/4%2',.% 0"(% '#*('% ()4(% ),5/% 0,% 0"(% 6+(-"&/0% 7% 8&$0+(9% :,')('()% :;% <+&1=2'#&'$%>,&)%&/)%<,',?4"%@#4"%A0'((0B%C0$%2,1?$%5&$%0,% 1'(&0(%&/%?-4'&)()%&/)%1,"('(/0%-?:+#1%'(&+.9%&1"#(*()%:;% $"#20#/4%0"(%:&+&/1(%:(05((/%-(,-+(%&/)%*("#1+($%0,%&1"#(*(% &%.,'(%-()($0'#&/D,'#(/0()%$-&1(9%&/)%:;%,-(/#/4%?-%,2%0"(% -',/,?/1()%E?':&/%#/0('#,'F%$,?0"%,2%0"(%:&/=$#)(B%

.789#:!#;#MFJ@7G#K@<N<#<@DB8#/DFA?I<=O#+D<H !"(% A,?0":&/=% T':&/% U,'($0% '()(*(+,-.(/0% 2'&.(5,'=% $0'($$()% 0"(% 1'(&0#,/% ,2% &% 1,"('(/0% -?:+#1% '(&+.% 0"',?4"% 0"(% (/4&4(.(/0% ,2% &% :',&)% '&/4(%,2%$0&=(",+)('$B%C0%($0&:+#$"()%&/%#/1'(.(/0&+%&--',&1"%0,%0"(%)(+#*(';% ,2%$.&++%-',G(10$%SF$(()$FD%5"#1"%:?#+0%?-%&%/(05,'=%,2%)#22('(/0%$-&1($%&/)% &10#*#0#($B%

!"#$% -',G(10F$% 2'&.(5,'=% 5&$% )(*(+,-()% #/% -&'&++(+% 5#0"9% &/)% -'#.&'#+;% #/2,'.()% :;9% #0$% AHIB% C0% 5&$% +,1&++;% )'#*(/9% $-(&'"(&)()% :;% <(00('% <&/=$#)(9% &/% #/)(-(/)(/0% :?$#/($$D QYPGF CPF PQP RTQÆ’V EQORCP[ 6JG TGFGXGNQROGPV UGGMU VQ #.-',*(% 0"(% )#$0'#10% 2,'% ,*('&++% 1,..('1#&+% (3-('#(/1(% &/)% <(00('%<&/=$#)(F$%.(.:('$%&'(%0"(%JKLM%1,.-&/#($%N<(00('% <&/=$#)(9% OLPJQ% 0"&0% 2&++% 5#0"#/% #0$% +#.#0$% &/)% 5",% -&;% #0$% &//?&+%+(*;%0,%2?/)%0"(%*&'#,?$%-',G(10$%?/)('%0"#$%2'&.(5,'=B% !"(% *#$#,/% &++,5$% 2,'% -"&$(D5#$(9% #/1'(.(/0&+% )(*(+,-.(/0% 0,% $?#0% &*&#+&:+(% 2?/)#/4% &/)% 0"(% 1"&/4#/4% '(R?#'(.(/0$% ,2% &)G&1(/0%)(*(+,-.(/0$B

.789#::#;#67<8=<>#?78?@78?A7B8#A?C#D=8<B7E<A7DB<@#EA=FGAF=C#FBHC=#I?7G?# A?C#,=J<B#.D=CEA#=C8CBC=<A7DB#K=DLCGA#I<E#7>K@C>CBACH !"(%(3#$0(/1(%,2%&/%&?0,/,.,?$%&/)%(.-,5('()%:,);%S<(00('%<&/=$#)(D% &/)%0"(%(3#$0(/1(%,2%&%2'&.(5,'=%2,'%'()(*(+,-.(/0%"&$%&++,5()%$?$0&#/&:+(% #/1'(.(/0&+%-+&//#/4B

!"#$%&"'()*+$,'"#$%& ;)<

-.,$&*,,*, 71*&#$89("(-7:

!"#

$%&'()*()$&#+%&%$%+*()'$

()*+,-.%./)* =%.#>6"/0(?%.&@$'

-*##*/(-"&0,$1*

=A:

2/3"&(4%/*,#(4/"5*6%/0

!""#$%&' A.3'$@(?%&,.'#"#$%&(H)%@"'(<@#%/,I

()*+,-.%./)* JKC*/#(?%&,.'#"#$%&(HA/%8*,,$%&"'(<@#%/,I

?%55.&$#9(?%.&@$'

BC*&(=C"@*,(D/.,#

?/%,,(E$G*/(A"/#&*/,>$C

!"#$G*()"&1

4/$*&1,(%8(#>*(4%/*,#

D"#*(F%1*/&

:*,$+&(8%/()%&1%&

)"&1(=*@./$#$*,

E*,$1*&#,(4%/.5

)%@"'(-.,$&*,,*,

</@>$#*@#./*(4%.&1"#$%&

D4)


,%+)-)*$'#.#/)+/0)('#/01(0+*12#1*#31*(*#4#50%$'6#*)+%6 789:#;<#=#*>?#7@8>#@?#,A>8B8@CD#.# !"#$ %#&#'#%()*+'$ 93('$ /#3*=#%#/$ ($ 6)%()#&H$ )"()$ >+8;*'#/$ 9%*=()#$ ('/$ 9:;3*>$69(>#6$)+&#)"#%$<*)"$>+88#%>*(3$('/$%#6*/#')*(3$:6#6J$)"*6$(>)*=()#/$ (;('/+'#/$ (%#(6$ +,$ )"#$ >*)H?$ .+%#$ *89+%)(')3H4$ (,,+%/(;3#$ "+:6*'&$ ('/$ >+88:'*)H$,(>*3*)*#6$(33+<#/$('$*'>3:6*=#$(>)*=()*+'$+,$)"#$(%#($('/$"#3/$)"#$ %#6*/#')6$<*)"*'$)"#*%$'#*&";+:%"++/?$ L+:%>#F$5%)$M(*%$()$.#%*/*('+$N4$CDEO

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

789:#;E#=#-8@9>@F#G89GH89G?8C9#?GA#D>9@C8I@?8DC@H#I?>JK?J>A#JCBA>#LG8KG# ?GA#,A>8B8@CD#>A9ACA>@?8DC#M>DNAK?#L@I#8FMHAFAC?AB !"#$ 9(%)*>*9()+%H$ ;:/&#)$ <(6$ )"#$ 8#>"('*68$ )"%+:&"$ <"*>"$ 9(%)*>*9()*+'$ <(6$*'6)*):)*+'(3*6#/$('/$8(/#$#,,#>)*=#?$

!"#$%&'()*(+$%$,'&-,

+$%$,'-.()*(/%'&-$)-

!"#$%&'%(

01&%),(2$-&,(0)-)134 )*$%+,-!'"$,

!,,'#%$1-5*1#$&

;$,'-$:'(2,,&<#=.( !)<<1%$'.(6&="'$)%,( ?&:4%$:"=(?&"< /%'&-&,'&5(@AB,

Ǯ ǯ

!"#

.+"/(0',$1-23(4$

0)"-5()*(6&7-&,&%'"'$8&,( )*('4&(9"-'$:$7"')-.( 0153&'

$%&'()*()$&#+%&%$%+*()'$

>"(9="'"(0)-)134


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

2345#67#8#,39:#.;34<9=#>?@AB#&A?C;B E)'% !"#$% &'"()#*% F/64,% G4/5',% "*% 4,% ","#"4#"7'% -+/:'5% 6$% 4% 9/+1'2#% 4/'4% EQOOKVVGG 0QY TWP D[ C PQP RTQƒV QTICPKUCVKQP KV UKVU QP QXGT CETGU QH 84,5%4,5%9/+7"5'*%+7'/%HI%/'-.(''%-4:"8"'*%/'9/'*',#",(%4#%8'4*#%JK%2+.,#/"'*% ?"#)%*:488%98+#*%+-%84,5%-+/%(4/5',",(=%L#)'/%8+248%/'*"5',#*%48*+%7+8.,#''/% 4,5%*9',5%#)'"/%#":'%)'/'@%:4D",(%"#%4%7'/$%*.22'**-.8%2+::.,"#$%","#"4#"7'=% ;+./2'M%N4%O4'*#/4@%KIJP

2345#6D#8#13A4?AE#<34<F34<93B4#9<;#G?4AB3=A93GBAF#=9?HI9H?;#HBC;?#J<3I<# 9<;#,39:#.;34<9=#?;4;B;?A93GB#K?GL;I9#JA=#3EKF;E;B9;C N+,(C#'/:%2+::"#:',#%+-%94/#"2"94,#*%",%2+,*.8#4#"+,%2+::"##''*%4**./'5% 4%8'("#":4#'%*942'%+-%5':+2/4#"2%2+,*.8#4#"+,=%%

!"#"$%&'%(#)*'&+,*# 8.,."*93,/%-(#2%,: /"0,/*01%)"/%2"! !#,%6*$:&%(*"9%(&3,/*) !#,%6*$:&% ;$<$7$)&81$,"% 6$8#+"1$,"

-12)!

$%&'()*()$&#+%&%$%+*()'$

3(4(#)%2,.%(2*5* ,)6%2%!.#,.%(2* (-*77*,#",!

'#($%)"!*+(,#)*(-* )%#"&.(#!

;$<$7$)&81$,"%0:$,/9

!"#$%&"! !&3"4$#2"$+,% 5/&,&1*/% 6$7$)&81$,"% (&+8&+#"*&,

!"#$%&"!

($,"$+%(*"9% 6$7$)&81$,"% (&+8&+#"*&,

&(2!1/.,.%(2

-+&.$/"%0+$#% (&11*""$$2

-+&.$/"%0+$#% (&11*""$$2

-+&.$/"%0+$#% (&11*""$$2

-+&.$/"%0+$#% (&11*""$$2

ȋ Ȍ

!"#

!"#$ %

&

'


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Æ’TUV OQFKÆ’ECVKQP VJCV YG RTQRQUG KU VJCV VJG <822/&-&)$*'0#=/*))+)(#>,78-&)$#?<=>@#,7782+&1#*#12*7&# +)#$%&#)&(,$+*$+,)#$+&';#A%&#<=>#",'-8/*$&.#",'#$%&#3/&2%*)$# 4# 5*1$/&# B*1# *778'*$&# +)# +$1# 8).&'1$*).+)(# ,"# $%&# 7,)$&C$# %,B&:&'# +$# B*1# -&'&/0# 18((&1$+:&# +)# )*$8'&;# D77,'.+)(# $,# QHÆ’EKCN RNCPPKPI RQNKE[ CP 52& KU ŧWUGHWN YJGTG VJG NGXGN QH .&$*+/# +1# +)*22',2'+*$&# ",'# *# .&:&/,2-&)$# 2/*)9# ",'# &C*-2/&#

8)*+"

6JG UGEQPF OQFKÆ’ECVKQP KU VJG ETGCVKQP QH VJG 5QEKCN 5*2+$*/# 5,--+$$&&# ?<55@;# A%+1# +1# H&0# ",'# $%&# '&",'-8/*$+,)# ,"# $%&# '&(&)&'*$+,)# -,.&/S# +$# '&"/&7$1# $%&# )&&.# $,# +)$',.87&# C UQNKF CPF WPKÆ’GF XQKEG HTQO QVJGT UQEKCN CEVQTU VJCV CNVJQWIJ JCXKPI C UKIPKÆ’ECPV RTGUGPEG KP VJG TGIGPGTCVKQP *'&#),$#7,)1+.&'&.#+)#$%&#)&(,$+*$+,)#$+&';#D1#T*':&0#1$*$&19# WTDCPKUCVKQP KU EQPÆ’IWTGF CEEQTFKPI VQ C UOCNN ITQWRŨU XKUKQP ,"#*#7+$0S A%&# *7$8*//0# &C+1$+)(# '+(%$# $,# $%&# 7+$09# JKL# +1# "*'# $,,# PCTTQYN[ EQPÆ’PGF =Ų? KP VJG JCPFU QH C UOCNN RQNKVKECN *).#&7,),-+7#&/+$&#B%,#*'&#+)#$%&#2,1+$+,)#$,#1%*2&# $%&# 7+$0# JKL# *"$&'# $%&+'# ,B)# 2*'$+78/*'# %&*'$M1# .&1+'&;# ?T*':&09#FPQFUFR@# !)$',.87+)(#$%&#<55#'&2'&1&)$1#*)#*$$&-2$#$,#(+:&#$%&#V'+(%$#$,# $%&#7+$0M#$,#),)W7,--&'7+*/#*7$,'1#*""&7$&.#60#'&(&)&'*$+,)9# $%81#&1$*6/+1%+)(#*#V.&-,7'*$+7#7,)$',/M#,:&'#$%&#.&2/,0-&)$# ,"#&7,),-+7#7*2+$*/#+):&1$-&)$#?T*':&09#FPQFUFX@;#

5&&*1$6$2"03).4121

!"#$%&'$()*+"$,#-"$)./$&00+'".0" !"#$%$&$%'"()*+,-,)'./,"$

>&6)%2)8*),+*.3'2,+&3,#*:* .&6)%2*2'"$3') !"2)&#%'"

0&/("*+,-,)'./,"$ 12'"'/%2*%"$,3,#$# !"#$%&'$,&&*1$)./$2"03).4121 4'//&"%2($%'"*2'//%$$,,* 12'"'/%2*5,))*6,%"7

@3("#.(3,"28*("+* (22'&"$(6%)%$8

4'//&"%$8*,/.'5,3/,"$

!"23,/,"$()%#($%'"

4(.%$()%#($%'"*'"*)'2()*3,#'&32,#

>(3$%2%.($'38*.3'2,##*("+* +,2%#%'"*/(A%"7 ?,7,",3($,*$9,*(3,(*$'* ($$3(2$*=&$&3,*+,-,)'./,"$

!"+,.,"+,"$*("+*+%-,3#,* $,29"%2()*$,(/*:*6'(3+ ;&"+3(%#%"7 <'"%$'3%"7*+%/,"#%'"#*'=* #'2%()*2(.%$()

4%$8*63("+%"7*("+*%+,"$%$8

0'/,'5",3*%"2,"$%-,#

?,+&2$%'"*'=*$,29"%2()%$8

>(3$%2%.($'38*6&+7,$

$%&'()*()$&#+%&%$%+*()'$

<(%"$,"("2,*'=*+,/'73(.9%2* 29(3(2$,3

!"#

5#-"$6 700+'".0"

JKL#-*1$&'#2/*)1#",'#*'&*1#,"#+)$&)1+:&#7%*)(&M#?NOD9#FPQR@S# $%&'&",'&9# +$# +1# +-2&'*$+:&# $%*$# +)# *)# *'&*# /+H&# $%&# 3/&2%*)$# 4#5*1$/&9#$%&#<=>#$*H&1#*#/&*.+)(#',/&#+)#$%&#"'*-&B,'H#",'# '&(&)&'*$+,);#


!"#$%&&$'()'*#+$'(,')',-./+$.(,$012.('+.*'0(+$*".*$/')#3$4015$ 01$.1#$'(*#1#+*#,$'($*"#$.1#.$*0$6.1*'7'6.*#$'($*"#$8,#9071.*'7$ 70(*10/:$ .(,$ +".6'(2$ 0;$ </#6".(*$ =$ &.+*/#>$ !"#$ &099'**##$ 40-/,$ ?#$ .$ /#2'*'9.*#$ +6.7#$ 0;$ 6.1*'7'6.*'0($ 4"#1#$ *"#$ ,')#1+'*@$ 0;$ +*.5#"0/,#1+$ '+$ 1#61#+#(*#,$ .(,$ 4"#1#$ *1-+*$ .//04+$ .$ /0(2A*#19$ 7099'*9#(*$ 0;$ '*+$ 9#9?#1+>$ B#(7#$ YG UWIIGUV C $QCTF YKVJ C Æ’ZGF TCVKQ QH TGRTGUGPVCVKXGU KP .7701,.(7#$4'*"$*"#$90+*$'9601*.(*$+07'./$'(*#1#+*+$CD'2>EFG>

!"#

$%&'()*()$&#+%&%$%+*()'$

H+$.$1#+-/*$0;$*"#$?#(7"9.15+3$4#$7.($+##$*".*$.$;019./'+#,$ +6.7#$ 0;$ 6.1*'7'6.*'0($ '+$ (0*$ #(0-2"I$ ;-(,'(2$ '+$ (##,#,$ +0$ *".*$+07'./$6.1*'7'6.*'0($7.($*1.(+7#(,$200,$'(*#(*'0(+>$J#$ 61060+#$.$&099'**##$4'*"$.$+'96/#$'(+*'*-*'0(./$.17"'*#7*-1#$ .(,$ /04$ 06#1.*'0(./$ 70+*+$ +0$ *".*$ '*$ 7.($ ?#$ #+*.?/'+"#,$ K-'75/@$ 4"#($ 1#2#(#1.*'0($ 610L#7*+$ 077-1>$ !"#$ &099'**##$ YQWNF DG HWPFGF Æ’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

,-./#01#2#3455678#9:#;6<=#<>4?-=< !"#$.,L.7#(*$*.?/#$61#+#(*+$*"#$)./-#$+@+*#9+$*".*$4#1#$0?+#1)#,$.710++$ VJG Æ’XG ECUG UVWFKGU VJGKT TGEWTTGPEG CPF CNUQ VJG HQEWU QH VJG XCNWG KP SWGUVKQP KPUVKVWVKQPCN JWOCP QT GEQPQOKE +V CNUQ TGÆ’PGU VJGUG CU VQQNU .(,$9#7".('+9+$'($01,#1$*0$.++#++$*"#'1$)'.?'/'*@$;01$'96/#9#(*.*'0(>

D'(.//@3$ 4#$ 61060+#$ .$ ,';;#1#(*$ 70(+-/*.*'0($ 90,#/3$ 4"'7"$ +#6.1.*#+$ *"#$ 70(+-/*.*'0($ 0($ *"#$ 9.+*#1$ 6/.($ ;109$ *"#$ ,#)#/06#1$ /#,$ 90,#/>$ O(,#1$ *"#$ (#4$ 90,#/3$ *"#$ %PQ$ 40-/,$ HWNÆ’N C OCLQT HWPEVKQP D[ RTQXKFKPI C HTCOGYQTM HQT VJG 61#6.1.*'0($ 0;$ *"#$ 9.+*#1$ 6/.(I$ .$ (#4$ +*.2#$ 0;$ 6-?/'7$ 70(+-/*.*'0($40-/,$?#$'(*10,-7#,$4"#1#$/07./$.7*01+$.+$4#//$ .+$ #N6#1*+$ 7.($ 71'*'K-#$ .(,$ 61060+#$ 7".(2#+$ *0$ *"#$ 6/.(I$ 901#0)#13$*"#$%&&$40-/,$?#$2')#($.$5#@$+6.7#$*0$(#20*'.*#$ 4'*"$*"#$&0-(7'/$4'*"$1#+6#7*$*0$.(@$+-22#+*'0(+$*".*$709#$ ;109$6-?/'7$70(+-/*.*'0($.(,$0;;#1$?'(,'(2$1#7099#(,.*'0(+$ *0$ *"#$ ,#)#/06#1>$ !"'+$ 610)',#+$ .$ 2#(-'(#$ +6.7#$ ;01$ 6.1*'7'6.*'0(3$ 1#)'+'0($ .(,$ '9610)#9#(*3$ 4"'7"$ 70(*1.+*+$ YKVJ VJG EWTTGPV Æ’ZGF CPF UVCVKE HQTO QH EQPUWNVCVKQP YJGTG *"#$.2#(,.$,0#+$(0*$.//04$;01$.(@$1#)'+'0($01$7".(2#>$


,-./#!0#1#2345678934-3.#8:5#65;<6=54#65.535698-<3#=<45> !"#$%&'$()$*+$)+(,-)$+.-(/$*)$0#1#2/$)344#)+*5#$(,-$)".32-$*,)+#(-$63,7+*.,$ ()$($61(0#8.19$6.1$1#4#,#1(+*.,$*,$+"#$(1#(

<(09"#('%&'(##9#8%&"'95=% >3(;72"34%*+,*%)<&&>!"#$%&"'()*+, !"#$"#%&'(#%)*+,,-./$%&"'()0%&1%&, ."/012(34%!"5('%&'(#

6787#73(09"#%:8377;7#0

@"/#59'

!7#$% !7(?7

2%3%4/5()6%4#57"38, ./AA'7;7#0(3=%&'(##9#8%B"5/;7#0 ."59(' @(A90(' @";;90077 ).@@-

!"#

$%&'()*()$&#+%&%$%+*()'$

!.$/59%435%%1


,-./#!0#1#(23#456-78#97:-;78#95<<-;;33 !"#$%&'#(')(&*$(+'%",-(.,/"&,-(.'00"&&$$(1'2-3(4'"5(&*$(&"$#(')(5$6'&",&"'5(&'( 7,-,5%$(/'1$#(8*,#$3(79(&*$(#$6$5$#,&"'5(/,#&5$#8(:(.'25%"-(,53(;$53;$,8$<

<(09"#('%&'(##9#8%&"'95=% >3(;72"34%*+,*%)<&&>!"#$%&"'()*+, !"#$"#%&'(#%)*+,,-./$%&"'()0%&1%&, ."/012(34%!"5('%&'(#

./DD'7;7#0(3=%&'(##9#8%A"5/;7#0

6787#73(09"#%:8377;7#0

@"/#59'

!7#$% !7(?7

2%3%4/5()6%4#57"38, ."59('%@(D90('%@";;90077%).@@A93750"3 B"(3$%"C%67D37?7#0(09E7? F7;G73? !.$/59%435%%1

!"#

$%&'()*()$&#+%&%$%+*()'$

,-./#=>#1#(23#456-78#97:-;78#95<<-;;33?#@57AB#5C#+3:A3D3E;7;-F3D 6JG $QCTF QH 5%% YQWNF EQORTKUG QH C Æ’ZGF TCVKQ QH TGRTGUGPVCVKXGU KP QTFGT &'( ,882#$( ,( *$,-&*9( 0"=( ')( /,#&"%"/,5&8( ,53( ,>'"3( /#">,&$( "5&$#$8&8( &,?"56( /#$%$3$5%$<

B"(3$%"C%67D37?7#0(09E7?

!"#$%&' ()*

+,-.. /01-%. ()*

2-3401 /01-%. ()*

56#7-1%"& (8*

5&9%3"&,0&1 (:*

/0.%'%"& (:*

;7-60,%%&<'0&03-. (:*

=1>03 +"7%-. ;$$"7%-1%"&$ ()*


+,-."/B"0"1234567823,2-"794":;26<=787,;2">5;:466?" @86745">=82"8@423@4276 ?+$* 123&$#* /'2%* 63* 5.%5$6-$,* =(* &+$* ,$-$'./$#* 6%* 5.1/'62%5$* <6&+* &+$* @AB8*C.&+*!."%56'*2%,*&+$*@.562'*!2/6&2'*!.116&&$$*.-$#3$$*&+63*/#.5$338* D$$,=25>* 0#.1* &+$* /"='65* 5.%3"'&2&6.%* 63* .-$#3$$%* =(* !."%56'* 2%,* @!!8* C6%,6%7*#$5.11$%,2&6.%3*2#$*&+$%*0.#<2#,$,*&.*&+$*,$-$'./$#8

-.//0","$'&%1* 20&$$($#* 3)4.,"$'

!"#"$"%&'()$* +#%"","$'

!17317%

5).$4(0

-55 3(%"4')%

6"$7* 6"&8"

:05";;073,*1"78

:0@1803 A,8*0#'B9,7

?185$881"7

!"#"$%&'()"$*&+,#-.

=&8'"%*20&$

>""7<&4?

B$2915 6"78$9*,*1"7

?185$881"7

;"$"%&0* /.<0(4

-55

/01%&2"$#&""3

+,-."/!"0"1234567823,2-"794":;26<=787,;2">5;:466?"6@8==45">5;A4:76 !"##$%&'()*&+$*,$-$'./$#*0.#1"'2&$3*2%,*$4$5"&$3*&+$*5.%3"'&2&6.%*3&#2&$7(* 6%,$/$%,$%&'(8*9$*#$5.11$%,*6%3&$2,*&+2&*&+$*!."%56'*0.#1"'2&$*6&*2%,*&+$* ,$-$'./$#* $4$5"&$:* $6&+$#* 6%,$/$%,$%&'(* .#* &+#."7+* 2* &+6#,* /2#&(8* ;$3"'&3* 0#.1*&+63*5.%3"'&2&6.%*<."',*=$*3$%&*&.*&+$*!."%56'*<+.*<6''*12>$*=6%,6%7* #$5.11$%,2&6.%3*&.*&+$*,$-$'./$#8

-.//0","$'&%1* 20&$$($#* 3)4.,"$'

!"#"$"%&'()$* +#%"","$'

5).$4(0

!17317% :05";;07< 3,*1"78

6"$7* 6"&8"

=;>90;07*8 6"78$9*,*1"7

3"9"0)/: ,"$'*).': 8).%4""

-55 3(%"4')%

-55 /01%&2"$#&""3

;"$"%&0* /.<0(4

!!"

6"73$5*8 6"78$9*,*1"7

40032,5-

#$%&'()'(#%"*$%$#$*)'(&#

!"#"$%&'()"$*&+,#-.


*,%$-,%$(.#('#(/%#+%&%$%+*()'$#*&+%%,%$( !"#$ %&'%'(#)$ *')#+$ ',$ &#-#.#&/01'.$ 1.2'&%'&/0#($ 0"#$ 1)#/$ 0"/0$ /$ &#-#.#&/01'.$ /-&##*#.0$ 2/.$ 3#$ /$ 0''+$ ,'&$ 3&'4#&1.-$%53+126%&17/0#$%/&0.#&("1%(8$!"#$.#9$&#-#.#&/01'.$ /-&##*#.0$1($%53+12+:$/22#((13+#;$/($0"#$%53+12$1.0#&#(0$910"$ &#(%#20$ 0'$ +/&-#$ (2/+#$ )#7#+'%*#.0$ ,/&$ '509#1-"($ 0"#$ .##)$ HQT EQOOGTEKCN EQPƒFGPVKCNKV[ 2TQDNGOCVKE ENCWUGU TGNCVKPI 0'$0"#$ </./-#*#.0$='/&)$/.)$ /(%#20($ ',$ 0"#$ >'.(5+0/01'.$ ?0&/0#-:$/&#$/))&#((#)$0"&'5-"$1.0#&7#.01'.($1.$0"#$&#,'&*#)$ '&-/.1(/01'./+$(0&5205&#8$

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

@0$ 1($ 2&1012/+$ 0"/0$ 0"#$ AB&1'&10:$ C#7#+'%#&$ D#05&.E$ FG1.4+/0#&(;$ KP VJG RTQƒV UJCTKPI CTTCPIGOGPV DG TGOQXGF CPF 9#$ 9'5+)$ #.71(/-#$ 0"/0$ 0"#$ %53+12$ ("/&#$ ',$ 0"#$ *'.#:$ 3#$ CNNQECVGF VQ CFFTGUU VJG FGRTKXCVKQP URGEKƒE VQ VJG $QTQWIJ ',$?'50"9/&48$!"#&#,'&#;$*'.#:$-/1.#)$,&'*$0"#$)#7#+'%*#.0$ 9'5+)$3#$(%#.0$910"1.$?'50"9/&4$'.$%&'H#20($,'&$0"#$%53+12$ 1.0#&#(0;$ /.)$)#21(1'.$*/41.-$,'&$0"#(#$ %&'H#20($ 1($*/)#$1.$ 2'.H5.201'.$910"$0"#$?'21/+$>/%10/+$>'**100##8$

>+/5(#$JT8U$',$0"#$/-&##*#.0;$9"12"$2'.2#&.($0"#$>'5.21+E($ '3+1-/01'.($9"#.$/%%&'71.-$2"/.-#($0'$0"#$&#-#.#&/01'.$%+/.;$ ("'5+)$ 3#$ /*#.)#)8$ !"#$ 2+/5(#$ 0"/0$ &#V51&#($ 0"#$ >'5.21+$ 0'$A/20$1.$0"#$3#(0$1.0#&#(0($',$0"#$)#7#+'%*#.0E$FG1.4+/0#&(;$ KLJLMTWN$("'5+)$3#$*/)#$(53H#20$0'$0"#$>'5.21+E($A)501#($/.)$ '3+1-/01'.($/($/$%53+12$3'):E$/.)$0"#$(01%5+/01'.$0"/0$10$2/..'0$ 5.&#/('./3+:$ 910""'+)$ 10($ /%%&'7/+$ 910"1.$ 0"#$ )#7#+'%*#.0$ '.+:$91++$3#$/*#.)#)$0'M @0($&#/('./3+#.#(($1.$-171.-$/.:$(52"$/%%&'7/+$("/++$ 3#$H5)-#)$1.$0"#$2'.0#S0$',$0"#$X%%'&05.10:$Y&#/8

0123#""#4#56789:;<=#>?::;<@ !"#$ 2#.0&/+$ 2'+5*.$ %&#(#.0($ 0"#$ 7/+5#($ 0"/0$ 9#$ 2/.$ '3(#&7#$ /2&'(($ 0"#$ ƒXG DGPEJOCTMU YJKNG VJG EQNWOP VQ VJG NGHV KPFKECVGU JQY TGEWTTGPV VJGUG XCNWGU JCXG DGGP CETQUU VJG ƒXG DGPEJOCTMU CU YGNN CU VJG HQEWU QH VJG 7/+5#$1.$V5#(01'.$F1.(010501'./+;$"5*/.;$'&$#2'.'*12N8$

4.,5" 23'!#0/*$+4

0"-1./*2+ !"#$%&'6%)$*%&' 6"(($**11

!"1($9'5+)$/++'9$0"#$>'5.21+$0'$2'.(1)#&$0"#$1.0#&#(0($',$0"#$ #.01&#$ +'2/+$ /&#/;$ /($ 1($ 10($ */.)/0#;$ &/0"#&$ 0"/.$ (1*%+:$ 0"#$ 1.0#&#(0($',$0"#$)#7#+'%#&$/.)$0"#$)#7#+'%*#.0;$/.)$91++$+#/)$ 0'$*'&#$2'.0#S05/++:$/%%&'%&1/0#$351+0$,'&*$'502'*#(8$

3+),*-.(*&/2 !*01+9*A1+,' 01&%*$"+,' <1*B11+' &"#%&' )&%410,' %+C' 01C1D1&")(1+*')%0*+10,3 ;,,$9+,'01,)"+,$<$&$*4'%+C'"B+10,A$)'*"'&"#%&'%#*"0,3 -+,/01,' %' ,/,*%$+%<&1' #A%+91' $+' )%#1' %+C' ,#%&1' "E' 0191+10%*$"+3

53'6"+,$,*1+#4

Ƥ "E',(%&&'&"#%&'</,$+1,,1,3 73'819$*$(%#4

F1B'#"+,/&*%*$"+' )0"#1,,

!"#

$%&'()*()$&#+%&%$%+*()'$

:3';##"/+*%<$&$*4

6"/+#$&'A%,'("01'#"+*0"&'"D10'*A1'#"+,/&*%*$"+')0"#1,,' %+C'$*,'E11C<%#G3 H11C<%#G'C$D$C1C'$+*"'*B"'#%*19"0$1,'(%G$+9'$*'1%,$10' E"0'6"/+#$&'*"'%CC01,,3 -()"B10,' *A1' &"#%&' %#*"0,' %+C' <0$C91,' *A1' *1#A+$#%&' 9%)' *A%*' C$D$C1,' *A1(' E0"(' *A1' 01C1D1&")(1+*' )%0*+10,3

=3'>0%+,)%01+#4

;#I/$,$*$"+'%+C'C$,)",%&' "E'&%+C'$,'*01%*1C'%,'%' 6"/+#$&')"&$#4

8%091')"#G1*,'"E'&%+C'B"/&C'+"*'<1'9$D1+'%B%4'%*'*A1' ,%(1'*$(1'*"'"+1'C1D1&")103 !"#$%&' ,*%<$&$*4' %+C' 01C/#*$"+' "E' /+#10*%$+*43' J%$+*1+%+#1'"E'&"#%&'%#*"0,'B$*A$+'*A1'%01%3

?3'@1("#0%#4

H$K1C'0%*$"'"E'@1D1&")(1+*' ."%0C'(1(<10,A$)

H%$0'01)01,1+*%*$"+'"E'(1(<10,3

LD10%91'1%0+1C'<4'6"/+#$&' ,A"/&C'<1',)1+C'B$*A$+'*A1' <"0"/9A

Ƥ Ƥ C1D1&")(1+*3

!"#$%&'$(#)"$&%$ *+),*-.(*&/ !"#$%&'$()&$#%*$"+, -#"+"($#'$()&$#%*$"+, !)%*$%&'$()&$#%*$"+, ./01%/#0%*$#' $()&$#%*$"+,


,-*()*.#)/-.)0*()'$,

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ƒ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ƒV QXGTCIG #$*%<$-&$6' *%&+' &.$' 4+#+"(.B' *%' 7+%-$%-"-' 9*&.' &.$' O+7*)0' !)1*&)0' !+33*&&$$B' (#$)&$#' )&&$%&*+%' 9+"06' 4$' (*<$%' &+' *31#+<$'&.$'*%7$%&*<$'&+'0*%($#')%6'$%.)%7$'&.$'1"40*7'#$)03' &+'1#+<*6$')'3+#$'*%70"-*<$'7+33$#7*)0'6$<$0+13$%&:';4+<$' )00B' &.$' *%&$#<$%&*+%' 3)%*,$-&-' *%7#$3$%&)0' "1(#)6$' &.)&' *-' -$%-*&*<$'&+'4+&.'$7+%+3*7')%6'-+7*)0'7)1*&)0'Q'4+&.'E$5'&+')' -"77$--,"0'#$($%$#)&*+%:

5"

5C

!"#

$%&'()*()$&#+%&%$%+*()'$

1234#5"#6#'78#9:8#%;8<:=79#5>#?2@A=;2@=92B7 R.$'-1)&*)0'*310*7)&*+%-'+,')'%+%'*%70"-*<$'3+6$0'+,'#$($%$#)&*+%'0$)6'&+'4"*0&' ,+#3'+"&7+3$-'&.)&')#$'%+&'7+%&$S&")0: O+"#7$T'=$%6'=$)-$B'UVW@ (KI ^ 2TQRQUGF UEJGOG HQT TGEQPƒIWTGF TQWPFCDQWV O*%(0$' 6$<$0+1$#Q0$6' 1#+D$7&-' ,)<+"#-' 1$6$#-&#*)%' 6*<$#-*+%' &+' 4++-&' #$&)*0' +,,$#:'O+"#7$T'O/WB'UVW@


,'$,-./)'$

!"#$%&'(#)%*&+,#-./0(#"%,1#2.-+*3/0#".4'%0#3.*4+"#5%&+#6++7# (*'&'78# 95+# /*6%7# 2*.4+""# %9# %# 2%4+# %7(# "4%0+# (+9+*:'7+(# .70,#6,#95."+#-5.#5.0(#95+#+4.7.:'4#%7(#2.0'9'4%0#4%2%4'9,# 9.# (.# ".1# '7# ".# 3%*# %"# ;-+# 5%&+# 6++7# *+:%(+# "+&+*%0# 9':+"# -'95./9# <7.-'78# -5,# .*# 5.-=# >)%*&+,1# ?@A?BCDE# F5+# 4.:6'7%9'.7# .3# %# 7+-# 6/*+%/4*%9'4# .*(+*# 9.8+95+*# -'95# %7# COGPFGF TGIGPGTCVKQP CITGGOGPV TGEQPƒIWTGU C ŧTKIJV VQ VJG 4'9,=#95%9#5%"#6++7#7%**.-0,#4.74+'&+(#%"#95+#*'859#9.#%44+""# 95+# *+"./*4+"# 95%9# 95+# 4'9,# +:6.('+"G# '7"9+%(1# '9# .2+7"# %# 2.""'6'0'9,#9.#%49/%00,#:%<+#95+#4'9,B#;95+#*'859#9.#45%78+#%7(# *+'7&+79#95+#4'9,#:.*+#%39+*#./*#5+%*9="#(+"'*+=#>H6'(DE# F5+# 7+-# *+8+7+*%9'.7# :.(+0# +I20.*+"# %# ('33+*+79# "+9# .3# XCNWGU VJCV ƒPF KP VJG RTQRQUGF OGEJCPKUOU QH KPVGTXGPVKQP %#45%77+0#9.#6+#+I+4/9+(E#F5+#*+4.::+7(+(#"+9#.3#9..0"#7.9# .70,#5%"#6/*+%/4*%9'4#':20'4%9'.7"1#6/9#:.*+#':2.*9%790,1#'9# EQPHGTU RQNKVKECN UQEKCN CPF URCVKCN TGEQPƒIWTCVKQPU QP VJG "'9+#.3#*+8+7+*%9'.7#%7(#.7#95+#*+0%9'.7"#95%9#5.0(#95+#%49.*"# 9.8+95+*# J.*# %2%*9# 3*.:# +%45# .95+*# >K'8ELLDE# F5+# "+9# .3# &%0/+"#%7(#:+45%7'":"#2*.2."+#%#*+8+7+*%9'.7#95%9#'"#7.9# .70,#(*'&+7#6,#%#0+8%0#4.79*%49#95%9#"%3+8/%*("#95+#+4.7.:'4# KPVGTGUVU QH VYQ RCTVPGTU VJCV UJCTG RTQƒVU 1P VJG EQPVTCT[ '9# 6*'78"# %# 7+-# ".4'%0# %**%78+:+791# -5+*+# 4.::/7'9,# 8*./2"1# 6/"'7+""+"# %7(# '7('&'(/%0# %49.*"# 4%7# 4.79*'6/9+# 9.# 95+# *+8+7+*%9'.71# -5+*+# 95+'*# /74+*9%'79,# %6./9# 95+# 3/9/*+# .3# 95+# %*+%# '"# (':'7'"5+(# %7(# 95+# *+"2.7"'6'0'9,# 95+,# 8%'7# '"# '74*+:+79+(G# :.*+.&+*1# *+(+&+0.2:+79# 2%*97+*"# 4%7# 7.#

0.78+*# "9%,# '7# '".0%9'.7# .7# %# 9+457'4%0M(+4'"'.7# :%<'78# 9'+*# 6/9#7++(#9.#-.*<#-'95#95+#+I2+*9'"+#%7(#*+"./*4+"#95%9#95+# 7+-# %49.*"# 6*'78# '7E# N7# 95+# 6/*+%/4*%9'4# "'(+1# 95+# O./74'0# :%'79%'7"# '9"# %/95.*'9,# %7(# 4.79*.0# .&+*# -5%9# .*'8'7%00,# DGNQPIU VQ KV ƒ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ƒ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

!"#

$%&'()*()$&#+%&%$%+*()'$

0123#45#6#(789:#;<#/=7>179#?@7A7?>:A1B>1?B F5+#*+3+*+74+"#9.#3./*#4%"+#"9/('+"#*+30+49#%#4.**+0%9'.7#6+9-++7#2*.4+""+"# .3#20%77'78#%7(#/*6%7#"2%9'%0#./94.:+"#%"#"5.-7#6+0.-E A+2$B('$C.*0$('0$D+.)"$E(-)

!"#$%#&#'#%()*+'$,+-./#0$+'$('$1(0(2)*3#$%#./#4$/)%()#&5$6"*-"$).%'#0$+70$('0$(8('0+'#0$/*)#/$ *')+$(-)*3#$('0$2%+0.-)*3#$/2(-#/$,+%$($0*3#%/#$9*:$+,$./#/;$'+)*+'$+,$&%+6*'&$,%+9$)"#$+.)/*0#$*'<$

F%8('$G+%#/)

!"#$#'&(&#9#')$+,$($8%+(0$%('&#$+,$/)(=#"+70#%/$('0$)"#$2%+-#//$+,$(--%#)*+'$(77+6#0$/9(77$ 2"5/*-(7$*')#%3#')*+'/$)+$8#$%#7#(/#0$('0$/.22+%)/$,.).%#$2%+>#-)/$)"()$-+.70$8.*70$+'$)"#$'#)6+%=$ ?)"#$,+%#/)?$)"()$"(/$8##'$,+%9#0<

D('$H*#&+

@$-+98*'()*+'$+,$2.87*-$('0$2%*3()#$/2(-#/$)+&#)#"#%$6*)"$($9*:$+,$-+99#%-*(7$('0$%#/*0#')*(7$ ơ /2(-#$('0$($9(*')#'('-#$+,$)"#$%#/*0#')/$6*)"*'$)"#*%$'#*&"8+.%"++0<$$

I($E7()(

!"#$2(%)*-*2()*+'$#7#9#')$)+&#)"#%$6*)"$($/9(77$8.0&#)$/)%()#&5$9(0#$*)$2+//*87#$)+$9(*')(*'$)"#$ ƪ 6*)"$)"#$/2*%*)$+,$)"#$'#*&"8+.%"++0<$


+%,%+%$-%.

!"##"$% !&'()*+"% ,-./012% !"##"$% !&'()*+"% 3$"))2% &4&*5&65"% 7$89% :##;<==>>>? 6"##"$6&'()*+"?@8?A(%B&@@"))"+%/-%C"6?%-./0D? !*@E@5"% FA#@:% ,-./G12% !*@E@5"% FA#@:2% &4&*5&65"% 7$89<% :##;<==6*@E@5"+A#@:? >8$+;$"))?@89=-./G=./=/.="5";:&'#H&'+H@&)#5"H*'H#:"H'"#:"$5&'+)=% B&@@"))"+%-I%J84?%-./0D? K&+"552%K?2%C&5(2%J%L%M*'N2%C?%,-./.12!"#$#%#&'()*%!)%!+,&*-#'%!.)()#/0!1'2)%$! .*%%#.()*%/2%O8$(<%P8)";:%Q8>'#$""%C8A'+&#*8'? R$"&#"$% S8'+8'% TA#:8$*#E% ,-./.12% UA;;5"9"'#&$E% 35&''*'N2% &4&*5&65"% 7$89<% :##;<==>>>?58'+8'?N84?A(=;$*8$*#*")=;5&''*'N=)A;;5"9"'#&$EH;5&''*'NH NA*+&'@"%B&@@"))"+%/0%V&$?%-./0D?

a5";:&'#&'+@&)#5"% ,-./-12%d$&');8$#% 78$% S8'+8'% !A)% Q8A#"% V&;2% &4&*5&65"% 7$89<% :##;<==>>>?"5";:&'#&'+@&)#5"?8$N?A(=;&N")='">)b"4"'#)=-^G=5"'+b 5"&)"b>*')b;5&''*'Nb@8')"'#b78$bG`.b'">b:89")b*'b"5";:&'#b@&)#5"?:#95% B&@@"))"+%/0%V&$?%-./0D? d$&');8$#%78$%S8'+8'%,-./-12%Q8&+)%d&)(%C8$@"%Q");8')"%#8%K8')A5#&#*8'2% CXCKNCDNG HTQO JVVRU YYY NQPFQP IQX WM UKVGU FGHCWNV ƒNGU 4QCFU d&)(m-.C8$@"m-.@8')A5#&#*8'm-.$";8$#?;+7%B&@@"))"+%/0%P&'?%-./0D? j*#:"$78$+%j&#)8'%V&''2%,-..I12%!&'()*+"%X$6&'%3&$(2%&4&*5&65"%7$89<%:##;<== >>>?6"##"$6&'()*+"?@8?A(=6A7%BT@@"))"+%-Z%P&'?%-./0D?

W&552% U?% ,-./.12% $WKNFKPI EQPƒFGPEG VJG GOGTIGPEG QH VJG $CPMUKFG WTDCP HQTGUV RTQLGEV RTQEGUU ECUG UVWF[?%X';A65*):"+2%&4&*5&65"%7$89%:##;<==";$*'#)? 5)"?&@?A(=0YZ0Z=%B&@@"))"+%/0%V&$?%-./0D? W&$4"E2%F?%,-./-12%4GDGN %KVKGU2%J">%O8$(<%["$)8? W859&'2%J?%,-..I12%\C8558>*'N%#:"%)*N')<%&;;5E*'N%A$6&'%$"N*9"%&'&5E)*)%#8%&% XM%@&)"%)#A+E]2%,QWTPCN QH 7TDCP #HH %-Y2%0G^_^_0^G?% P&@86)2% P?% ,/Y`/12% 6JG &GCVJ CPF .KHG QH )TGCV #OGTKECP %KVKGU2% J">% O8$(<% Q&'+89%W8A)"? S"'+%S"&)"%,-./G12%S"'+%S"&)"%>*')%;5&''*'N%@8')"'#%78$%G`.%'">%:89")% *'% a5";:&'#% L% K&)#5"2% &4&*5&65"% 7$89<% :##;<==>>>?"5";:&'#&'+@&)#5"?8$N?A(= ;&N")='">)b"4"'#)=-^G=5"'+b5"&)"b>*')b;5&''*'Nb@8')"'#b78$bG`.b'">b :89")b*'b"5";:&'#b@&)#5"?:#95%B&@@"))"+%/0%V&$?%-./0D? S"'+%S"&)"%,-./G12%c'"%d:"%a5";:&'#%F"4"58;9"'#2%3:8#8N$&;:E2%&4&*5&65"% 7$89% :##;<==>>>?8'"#:""5";:&'#?@89=8'"H#:"H"5";:&'#=#:"H+"4"58;9"'#% B&@@"))"+%-/%P&'?%-./0D? S*'(5&#"$)% ,-./.12% Q"N"'"$&#*8'% TN$""9"'#% 78$% #:"% !8$8AN:% 87% U8A#:>&$(% &'+% S"'+% S"&)"% ,a5";:&'#% &'+% K&)#5"1% S*9*#"+2% &4&*5&65"% 7$89<% :##;<== UQWVJYCTMPQVGU ƒNGU YQTFRTGUU EQO TC RFH =CEEGUUGF /CTEJ -./0D? S8'+8'% Ua/% ,-./-12% J">% 5*N:#)% 78$% a5";:&'#% L% K&)#5"])% C&$&+&E% e)5&'+2%% 3:8#8N$&;:E2%&4&*5&65"%7$89<%:##;<==>>>?58'+8'H)"/?@8?A(='">)=4*">=`.G.% B&@@"))"+%/I%V&$?%-./0D? Sf;"g%J"N$"#"2%U?%,-.//12%X'+"$*'4")#"+%e'N"'A*#E2%VU@%F*))"$#&#*8'2%S8'+8'% U@:885%87%a@8'89*@)%&'+%385*#*@&5%U@*"'@"? V"$*+*&'8%,-./G12%U#$""#2%3:8#8N$&;:E2%&4&*5&65"%7$89<%:##;<==G?6;?658N);8#? @89=H/[YE*h35!$V=d0FiX$;GJ(e=TTTTTTTT!ga=M!K+&H`HjJZ=)/`..= 9"$*+*&'8k4k.0Y?l;N%%B&@@"))"+%/Z%V&$?%-./0D?

S8'+8'%!8$8AN:%87%U8A#:>&$(%,-./-12%a5";:&'#%&'+%K&)#5"%UA;;5"9"'#&$E% 35&''*'N% F8@A9"'#2% &4&*5&65"% 7$89<% :##;<==>>>?)8A#:>&$(?N84?A(= *'78=-../^/=)A;;5"9"'#&$Eb;5&''*'Nb+8@A9"'#)b&'+bNA*+&'@"=-.0.= "5";:&'#b&'+b@&)#5"b);+b8&;7=/%B&@@"))"+%/0%V&$?%-./0D? S8'+8'%!8$8AN:%87%U8A#:>&$(%,-.//12%a5";:&'#%&'+%K&)#5"%UA;;5"9"'#&$E% 35&''*'N% F8@A9"'#<% !&)"5*'"% e'78$9&#*8'2% &4&*5&65"% 7$89<% :##;<==>>>? UQWVJYCTM IQX WM FQYPNQCFU ƒNG DCUGNKPGAKPHQTOCVKQPADCEMITQWPFA ;&;"$%B&@@"))"+%/-%V&$?%-./0D?

!"#

U"''"##2%Q?%,-..^12%K*4*5*#E2%X$6&'%TN"2%!A55"#*'%/2%S8'+8'<%SUa%K*#*")?%

$%&'()*()$&#+%&%$%+*()'$

Q8##"$+&9% j"$"5+>88')#&+% % ,-./G12% Q8##"$+&9% K*#E% #8% S*4"% e'2% &4&*5&65"% 7$89<%:##;<==>>>?>"$"5+>88')#&+?$8##"$+&9?'5%B&@@"))"+%`%V&$?%-./0D?




+%!30"(,3!#7+3", !"#$"%#&'((#)#*+(,-.,#/(01%,#)#*%,,(#+%2*%&/#)#&!345"3#6",30+3


.0-*/237-./0 0/2,+)3*4,0.56

5WEJ RTQEGUUGU ECP CNTGCF[ DG YKVPGUUGF CV NCTIG DTQYPÆ’GNF 8(#"8+'(5"+Y(*:8+-$%88+6$(/"*+90+(*;$)8#$7,#7$)'+6"/"'%&!"*#A+ D#$)#;%$6+ 6$(/"*+ 90+ 8&",()'+ "/"*#8+ %$+ Z(*"+ ?'!8+ 6$(/"*+ 90+ ,%!!"$,()'+(*#"$"8#8F+B%%5(*:+)#+#="+'%,)#(%*8+%;+#="8"+8(#"8+ (*+ #="+ ,%*#"N#+ %;+ #%6)0>8+ &%'0,"*#$(,+ ,(#0A+ (#+ 9",%!"8+ !%$"+ TGNGXCPV VQ CTVKEWNCVG UKVGU HQT FGPUKÆ’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Æ’PG ITCKPGF WTDCP CTGCU YKVJQWV $"8%$#(*:+#%+#="+"$)87$"+%;+"N(8#(*:+,%*#"N#8F+X*+)+#(!"+4="*+ ,(#0+:$%4#=+)*6+;%$!+)$"+9"(*:+(*,$")8(*:'0+,=)''"*:"6A+4"+

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Æ’EKGPE[ QH VTCFKVKQPCN HQTOU QH FGXGNQROGPV KPHNWGPEGF 90+&$(/)#"+(*#"$"8#8+)*6+#%+$"T,%*,"&#7)'(8"+6"*8(#0+)8+)+#$7'0+ $"8%7$,";7'+,%*8#(#7"*#+(*+#="+,(#0+!)5(*:+&$%,"88E+;%$+)+!%$"+ 8%,(%T",%*%!(,)''0+878#)(*)9'"+,(#0+)#+')$:"F

!"#

$&

!"#$%&%'(#)*+,"*#$" (*#"$*)#(%*)'+,"*#$" *%6"

$%

-"*#$)'+.,#(/(#0+1%*" 23+!(*+4)'5+$)6(78

$( $' 89:;)$%)<)+=>?=>)>=?@A)BCD9A)EF:@)F>?)GFH9>:)EF:@I) S2+Y(*:>8+-$%88E+SR+D#$)#;%$6+E+SL+Z(*"+?'!8E+S]+?'"&=)*#+@+-)8#'" ."$()'+ /("4+ 4(#=+ $"')#(/"+ ;)\)6"+ %;+ :'%9)'+ "N,=)*:"+ )*6+ 9),50)$6+ %;+ "/"$06)0+ ;7*,#(%*(*:F+ D%7$,"K+ 5(*:8,$%88F,%F75A+ RS2LE+ V%%:'"+ D#$""#+ ^("4A+ RS2LE+ _'(,5$+ -$")#(/"+-%!!%*A+RS2RE+96%*'(*"F,%F75A+RSS`E+Z(*"+?'!8+%*+#="+D%7#=9)*5A+RS2]

*"+,-./0,+)1*,.0

X*+ ,(#("8+ '(5"+ B%*6%*A+ 6"*8(#0+ =)8+ (*,$")8(*:'0+ 9",%!"+ )+ 5"0+ &%'(,0+ (887"+ ;%$+ 7$9)*+ :$%4#=+ )*6+ 6"/"'%&!"*#F+ .8+ *"%'(9"$)'(8!+ #)5"8+ =%'6+ )8+ #="+ 6%!(*)*#+ 6"/"'%&!"*#+ RCTCFKIO KP EKVKGU *CTXG[ FGPUKÆ’ECVKQP KU KPETGCUKPIN[ DGKPI FGNKXGTGF D[ RTKXCVG EQORCPKGU YJQ CUUGTV C RTQÆ’V 8""5(*:+ 6"/"'%&!"*#+ '%:(,A+ &)$#(,7')$'0+ )#+ 8(#"8+ 4(#=+ =(:=+ '"/"'8+%;+#$)*8&%$#+),,"88(9('(#0+)*6+,%!&)$)#(/"'0+'%4"$+')*6+ XCNWGU QHVGP EKVGF CU VJG GHÆ’EKGPV WUG QH NCPF YJKEJ TGUWNVU KP #="+6"'(/"$0+%;+6"*8(#0+#=$%7:=+#)97')+$)8)+)&&$%),="8F+

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Æ’PKVKQP VQ =%'6+#$7"A+#="+8"##'"!"*#+=)8+#%+=)/"+)+')$:"A+="#"$%:"*"%78+ &%&7')#(%*E+#="+&%&7')#(%*+=)8+#%+9"+&),5"6+#%:"#="$+$)#="$+ 6"*8"'0+H)*6M+!)$5"#+"N,=)*:"8+)!%*:+#="+&%&7')#(%*+!78#+ !)5"+#=(8+6"*8"A+6(/"$8"+!)88+(*#"$),#F>+

'$)

-(#("8+ )$"+ #="+ )98"*,"+ %;+ &=08(,)'+ 8&),"+ 9"#4""*+ &"%&'"+ )*6+ ,%!&)*("8F+ U="0+ )$"+ &$%N(!(#0A+ 6"*8(#0+ )*6+,'%8"*"88F+HV')"8"$A+RS22KWM


$"&

'()*+,-.*)&/'*,.

!"

!#

!$

!%


(-%*$%().'&#/$'0%1*$2 -"$ 4%5$ !(*%C/0$ !"#$%&'( )*%&+,( -.( "&/.( 0"1&#%&'( 23+//%&'4( 5+6( 7+8#*6+?$ ./03$ D!&3!$ 6IJ7XY9;$ 0C4'05$ *40$ C(%*%W20$ '&$ 25%"=$ C'"E0"*%'"!/$)0!52(0)0"*5$'&$#0"5%*>?$<4%C4$B'A5C2(05$*40$ #%E0(50$@'55%A/0$(0/!*%'"54%@5$A0*<00"$A2%/*$!"#$@'@2/!*%'"$ #0"5%*%05?+$ !"#$ (052/*5$ %"$ 5*!*%C$ #0"5%*>,$ Z'<0E0(?$ C2((0"*$ @/!""%"=$@'/%C%05$4%"=0$'"$"2)0(%C!/$)0*4'#5$'&$#0/%E0(%"=$ CPF CUUGUUKPI FGPUKÆ’ECVKQP VJWU PGINGEVKPI EQORNGZ "2!"C0#$ !"#$ W2!/%*!*%E0$ &!C0*5$ '&$ #0"5%*>,$ F%*4%"$ *40$ &(!)0<'(3$'&$R'"#'"+5$@/!""%"=$@'/%C%05?$L'2*4<!(3$T'2"C%/+5$ 5WRRNGOGPVCT[ 2NCPPKPI &QEWOGPV FGÆ’PGU FGPUKV[ !5$B!$)0!52(0$'&$*40$!)'2"*$'&$(05%#0"*%!/$!CC'))'#!*%'"$ QP C FGXGNQROGPV UKVG =Ų? YJKEJ GPUWTGU GHÆ’EKGPV WUG QH /!"#$ *'$ @('E%#0$ "0<$ 4')05?$ ['A5$ !"#$ 50(E%C05,+$ 105@%*0$ *40$ R'"#'"$ D/!"$ 6IJ77Y9:;$ 0)@4!5%5%"=$ *4!*$ B4%=40($ #0"5%*>$ #'05$ "'*$ "0C055!(%/>$ 0W2!*0$ *'$ 4%=4P(%50$ #0E0/'@)0"*+?$ *40$ C2((0"*$)'#0$'&$#0/%E0(%"=$#0"5%*>$%"$"'#!/$5%*05$%5$)'5*$'&*0"$ *4('2=4$52C4$#0E0/'@)0"*$)'#0/5$%"$(05@'"50$*'$@(0552(05$ '&$=('<%"=$@'@2/!*%'"?$@4>5%C!/$/%)%*!*%'"$'&$5@!C0?$4%=4$/!"#$ RTKEGU CPF RTQÆ’V UGGMKPI NQIKEU QH VJQUG CIGPVU TGURQPUKDNG HQT FGPUKÆ’ECVKQP CU QDUGTXGF KP TGEGPV FGXGNQROGPVU CV ./0@4!"*$S$T!5*/0$/%30$*40$L*(!*!$\'<0($!"#$U"0$*40$./0@4!"*,$ L2C4$ '"0P#%)0"5%'"!/$ 2"#0(5*!"#%"=$ !"#$ !@@/%C!*%'"$ '&$ #0/%E0(%"=$ #0"5%*>$ @('E%#05$ %)@0*25$ &'($ *40$ @('[0C*$ *'$ 5003$ !/*0("!*%E0$@!(!#%=)5,$ ]!">$ 5C4'/!(5$ 4!E0$ #0E0/'@0#$ !/*0("!*%E0$ !@@('!C405$ *'$ (0PC'"C0@*2!/%50$ 6T(2^?$ IJ77Y77OK$ _!@'@'(*?$ 78NMK$ \'"3%55?$ IJ7X;$ $ '($ )0!52(0$ #0"5%*>$ 6D'"*$ !"#$ Z!2@*?$ IJJM;,$ \0##>$ %TW\ FGÆ’PGU ŧFGPUKV[ PQV LWUV CU VJG WPKVU RGT !C(0$A2*$!5$*40$!)'2"*$'&$5'C%!/$!"#$0C'"')%C$0GC4!"=05$ @0($!C(0+?$<4%/0$V)'5$_!@'@'(*$678NM;$5@0!35$!A'2*$B#0"5%*>$ !5$!$@0(C0%E0#$0G@0(%0"C0$<%*4$#05%(0#$/0E0/5$'&$%"*0(!C*%'"$

!"#$%"&'()!*%'"+,$-"$.)%/0$12(340%)+5$6789:;$<(%*%"=$'"$*40$ *40'(>$'&$)'#0("%5!*%'"?$40$5@0!35$!A'2*$!$B#>"!)%C$#0"5%*>+$ !5$ *40$ 0)0(=0"C0$ '&$ B'(=!"%C$ 5'/%#!(%*>$ &(')$ )0C4!"%C!/$ 5'/%#!(%*>+,$D(0)%50#$'"$@'@2/!*%'"$=('<*4$!"#$C'"C0"*(!*%'"$ QH RGQRNG VJG TGUWNVCPV KPVGPUKÆ’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ŧFKXGTUKV[Ũ DG[QPF VJG OGTG FGOQITCRJKE Æ’IWTGU CPF HQTO C OQTG EQORTGJGPUKXG FGÆ’PKVKQP QH FGPUKV[ DG[QPF C "2)0(%C!/$)0!52(0?$!5$!$(05'2(C0$&'($#0E0/'@)0"*$%"$"'#!/$ 2(A!"$C'"*0G*5,$

!"#

H

$%&'()*+'&#,$')+

/345#6"#7#89:;3<=#>:?#@A3B?3:4#CDEFGDBD439; 6JG COQWPV QH VQYGTU CPF VGTTCEGU PGEGUUCT[ VQ HWNÆ’N VJG .QPFQPŨU 2NCP 4'25%"=$@('E%5%'",


ELEMENTARY

TRAN SPORT

LEISURE

SALES

SKILLED

)&1)*2'3* )&1)*2'3* /"/"!0-/*%. !0-/*%. !"# !"# $%&'()*&'%+ $%&'()*&'%+

89.9 89.9

)&1)*2'3* /"'!%,-)'. !0-/*%. '!%,-)'. !"# $%&'()*&'%+

LONDON LONDON

SOUTHWARK SOUTHWARK

89.9

LONDON

CHAUSER CHAUSER

CATHEDRALS CATHEDRALS

99.9

SOUTHWARK

40300 30 30% 30% 30% 30

EAST WALWORTH

50 50% 50

110.3

!"#$%"&'$()*+"&#$',*--./(

CHAUSER

60

165.3

94.4

CATHEDRALS

0 70 100 0

NEWINGTON NEWINGTON

80

110.3 110.3 99.9 99.9

94.4 94.4 169.8

50 150 50

165.3 165.3

ADMINISTRATIVE

SENIOR

0

100 200 100

'!%,-)'.

25 25

30

30% 15

015

25 10 10% 10 10%

MIXED

20

20% 10% 1020 20%

NON WHITE

20

0'/&$1$',*2'341'43"

20 5 5

60-64 60-64

65+ 65+

60-64

65+

45-59 45-59

30-34 30-34

20-29 20-29

15 0 0

15-19 15-19

20%

5-14 5-14

?#*'/"*M72*9(-#*(&%*'/"*:(3*<3(-/#*%"96&#'3('"@*'/"*&49:"3* 68* 3"#$%"&'#@* /64#"/6)%#* (&%* %C"))$&<#* -"3* /"1'(3"* B(3$"#* (136##* '/"* C(3%#* 16B"3$&<* '/"* 5--63'4&$',* ?3"(>* N6C"B"3@* 6&"*-(3'$14)(3*C(3%*$&*'/"*:6364</@*O"C$&<'6&@*16&#$#'"&'),* 8(3"#*941/*/$</"3*$&*%"&#$',*'/(&*K6&%6&E#*(B"3(<">*7&*'"39#* QH ŧUVCVKE FKXGTUKV[Ũ GVJPKEKV[ CIG CPF QEEWRCVKQP RTQÆ’NGU ()#6* #/6C* '/"* %$B"3#$',* 68* '/$#* 3"#$%"&'$()* -6-4)('$6&@* C$'/* ()96#'* PQR* :")6&<$&<* '6* %$88"3"&'* &6&=C/$'"* "'/&$1$'$"#@* CPF C UKIPKÆ’ECPV RTQRQTVKQP QH EJKNFTGP CPF VGGPCIGTU CIGF Q=ST*(&%*")%"3),*(<"%*UP*(&%*(:6B"@*$&*(%%$'$6&*'6*'/"*',-$1()* C63D$&<* (%4)'* -6-4)('$6&* (<"%* VQ=PW>* !"#$%"&'#* (3"* ()#6* "9-)6,"%* 4&%"3* (* 3(&<"* 68* 6114-('$6&* 1('"<63$"#@* 8369* /$</"3=#D$))"%* -368"##$6&()#* 16&#'$'4'$&<* (--36G$9('"),* VPR*

150 150

169.8 169.8

NEWINGTON

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

5

WHITE

78* %,&(9$1* %"&#$',* $#* &"$'/"3* (:64'* ;4(&'$8,$&<* :4$)%$&<* V[RQNQIKGU PQT NCPF WUG GHÆ’EKGPE[ VJGP VJGTG KU C PGGF VQ 3"=16&1"-'4()$#"* #41/* (* %"&#$',>* ?#* (863"9"&'$6&"%@* '/"* -36A"1'*3"16<&$#"#*'/"*B()4(:)"*3"#6431"*$&*/6C*%"&#$',*(&%* %$B"3#$',*C63D*$&*'(&%"9*C$'/*6&"*(&6'/"3*('*&6%"#*68*%"&#"* (&%* /"'"36<"&"64#* (<<)69"3('$6&#>* ?%6-'$&<* +43D/"$9E#* '"39*F%,&(9$1*%"&#$',E*C"*:"<$&*'6*%"B")6-*(*963"*169-)"G* 4&%"3#'(&%$&<*68*'/"*)$&D*:"'C""&*'/"*'C6>

200 200 10% 10

0-4 0-4

*),&%"-)*'$.'/"$%$01&*'"2"-&3'%$"

PROFESSIONALS

15

EAST EASTWALWORTH WALWORTH

-#('(-&%"&*&%D3(3

ASSOCIATE PROFESSIONALS

20% 20

10 10%

45-59

30-34

20-29

15-19

25 0 25

5-14

5 0-4

4567"8!"9"3:;:5<"=>?@5:A";?="@:;:5<"=5B>C@5:A" (QQVRTKPV OCR FGPUKV[ CPF FKXGTUKV[ Æ’IWTGU HQT 'NGRJCPV %CUVNG 1RRQTVWPKV[ #TGC 5QWTEG 1HÆ’EG HQT 0CVKQPCN 5VCVKUVKEU

#IG 2TQÆ’NG

ELEMENTARY ELEMENTARY TARY

LEISURE LEISURE

SALES SALES

SKILLED SKILLED

TRAN TRAN SPORT SPORT

5

ORT

10% 10

ADMINISTRATIVE ADMINISTRATIVE

0 0 5114-('$6&* SIONALS

!!"

15

TRATIVE

5 5

ASSOCIATE ASSOCIATEPROFESSIONALS ATE PROFESSIONALS PROFESSIONALS

10% 10 10% 20% 10 20

PROFESSIONALS PROFESSIONALS

15 15 25

SENIOR SENIOR

#$%&'()*&%"+#&(*

20% 20 20% 20


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Æ’PKVKQP QH FGPUKV[ DG[QPF C .$=67,'%*=,1$+(7'=,(.*1,<'8*)'(7."')0,'-,.+1$6)$"%'"5'-$>,1.$)/' DG[QPF UKORNG FGOQITCRJKE Æ’IWTGU $WTFGVV GV CN

!"#"$%

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Æ’ECPV RTQRQTVKQP "5'FGE'7$>$%&'$%'."+$(7'1,%)(7.?'

-./0#1"#2#3454.6#789:.4;#597#:454.6#7.<8=:.4;# (QQVRTKPV OCR FGPUKV[ CPF FKXGTUKV[ Æ’IWTGU QH 'NGRJCPV %CUVNG 1RRQTVWPKV[ #TGC 5QWTEG 1HÆ’EG HQT 0CVKQPCN 5VCVKUVKEU

&'()*+,-./*'(0"*'1%/023"/0"1"4)2'$/5/0"1"4)2'$ B2"1%CD

-#-+''&*()(-#!"++%" -#!"++%*()(-#&,&&%+ -#&,&&%,()(-#""%!"-#""%!"!()(-#*-"+-% -#*-"+!-()(-#*%+$%'

!"#"$%

!"#"$%

&'()*+,-./*'(0"*'1%/023"/0"1"4)2'$/5/0"1"4)2'$

&'()*+,-./*'(0"*'1%/023"/0"1"4)2'$/5/0"1"4)2'$

&'()*+,-./*'(0"*'1%/023"/0"1"4)2'$/5/0"1"4)2'$

A9&</:9;&<=>

678&967!:/:9;&<=>

:?9!!<;@/:9;&<=>

""#+%%-%-()(!&!#!!**--

!"#$%%&'&()("*#%!!&*!

!*#-,'-%%()(,&#*-----

!&!#!!**-!()(&!+#%&",--

"*#%!!&*&()($!#+%$,&&

,&#*----!()(!&+#"!,**,

&!+#%&",-!()(",-#+&,"--

$!#+%$,&"()(!"$#$$$$$'

",-#+&,"-!()($,,#,,,$--

!"$#$$$$$%()("+$#!*&'"*

$,,#,,,$-!()(!%!$#,*$---

>*?3%>*&@#@%+3)(C#00N0( "+$#!*&'"+()(!-,*#$-+'+!

!&+#"!,**$()(&-$#+$+$$&-$#+$+$$!()("'+#$!*&,-

@D%&&)+,#@%+3)(C#-3N0( DG'H'JC "'+#$!*&,!()(!"&%#*!!$&,

J'H'DG

KG'H'DCD

DG'H'KF

DG'H'CJ

DCD'H'CDJ

KF'H'OC

JC'H'DCF

CJ'H'KG

CDJ'H'KJD

OC'H'DKQ

DCF'H'CLQ

KG'H'GL

KJD'H'OJO

DKQ'H'KFO

CLQ'H'KQJ

GL'H'FL

OJO'H'DPDQ

KFO'HDLJF

KQJ'H'DKCP

M'0"*.,0"7-.'-,61$>,-'$%'C'"1'="1,'-$=,%.$"%.

$%&'()*+'&#,$')+

$%3)@%+()'&#@%+3)(C#66N0(

!"#

>*?3%>*&@#@%A$)B'()*+#E

!"#"$%


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

-./0#1"#2#+345678#8.97:;.<= 6JG Æ’IWTGU UJQY VJG ŧUQHVYCTGŨ QH VJG UQEKCN HCDTKE KP !"#$%&'()*)+&,("#)-$$./(0'1(2)3/#&4 5QWTEG 1HÆ’EG HQT 0CVKQPCN 5VCVKUVKEU

!"#$%!"&'$

,"--#./&0%$1/2&3$!-%.1

()*(+

4*4+0560788409:;08*<+

!"#$%&'()'* +,#$')*-.)/0*

33$%%-6('2 !7#$%,80&'2

!"#$%&'($#")*+,)#

!"#

$%&'()*+'&#,$')+

-./0*"12345674*

!"#$%&'()%*&'' #+$%%,-./01%&'()'2 3!$%%4&/50)'%&'()'2

!"#$%&'%(!"()*+%$,-(+&./%

01234(5678(9(:7;8<

8.90*&74:74 !"#$"#


-./0#1"#2#+345678#8759.:; !"#$%&'($(")*$+"#$,"&-.*&-#/$)0$+"#$('&+1&2$0&3-14$15$ 62#'"&5+$7$8&(+2#$9'')-+:51+;$<-#&=

+-&5(')-+$5#+*)->

-)&.$5#+*)->

()41&2$150-&(+-:4+:-#

)'#5$('&4#(

3)-.#-($&5.$3):5.&-1#(

%)-'")2)?;

-./0#1<#2#(;=>?>/.64?#9:38;#

@I= I@EJ$.*D"& EBF$'2)+$4)G#-&?#

@A= ABC$$.*D"& EAF$'2)+$4)G#-&?#

@H= AI@$.*D"& JEF$'2)+$4)G#-&?#

!"#

@K= H@B@$.*D"& HAF$'2)+$4)G#-&?#

$%&'()*+'&#,$')+

5KVG RNCP QH V[RQNQIKGU TGUGCTEJGF KP VJG CTVKÆ’EKCN UKVG NQECVGF KP 0GYKPIVQP


-)(%#.*+(%/(0#+%1)+,(*+ ;/$&!#1'2&!"#$&5/)!$(&"!&0)5.#$'&!)1#/&)*&B0$-/.(#&G&H.!#0$& +)1('.:)1#%& 3"#/"(& #/$& F$3"(8#)(& 3.+'& .('& $I/":"#!& /"8/& 0$<$0!& )*& !#.#"5& .('& (1.(5$'& '$(!"#2& .('& '"<$+!"#26& ;/$& !"#$& YCU CTVKÆ’EKCNN[ DCUGF QP ETKVGTKQPU QH PQFCN UKVGU DGKPI ,"I$'& "(& 1!$%& /2:+"'& "(& !5.0$& .('& -+)<"'"(8& /"8/& 0$<$0!& )*& .55$!!":"0"#2J&"#&"!&()#&.&!"#$&5)(!#"#1#$'&:2&.(&.',"("!#+.#"<$& :)1('.+2& ()+& .& ,$.("(8*10& !)5")9!-.#".0& $(#"#2& 3"#/& 3/"5/& +$!"'$(#!&"'$(#"*2&)+&3/"5/&#/$2&+$*$+&#)6&

!"#$%&'"'&()#&*)+,&-.+#&)*&#/$&'$#."0$'&!#1'2&"#&3.!&#.4$(&"(#)& 5)(!"'$+.#")(6&7#&"!&",-)+#.(#&#)&()#$&#/.#&#/$&.(.02!"!&3.!&()#& NKOKVGF VQ VJG EQPÆ’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

;/$& ,$#/)')0)82& *)+& #/$& #2-)0)8"5.0& "(<$!#"8.#")(& 3.!& :.!$'&)(&K1.0"#.#"<$&.('&K1.(#"#.#"<$&*)+,!&)*&.(.02!"!&.('& $I#$(!"<$& '.#.& 5)00$5#")(& #/+)18/& #/$& !#1'2& )*& -0.(("(8& ')51,$(#!& .('& -+",.+2& +$!)1+5$!%& L?& "(#$+<"$3!& 3"#/& NCPFQYPGTU UJQRMGGRGTU TGUKFGPVU CPF QHÆ’EG VGPCPVU .!& 3$00& .!& ):!$+<.#")(!& )*& #/$& !"#$& .('& 1!$& )*& !-.5$6& ;/$& M& ,"I$'91!$& #2-)0)8"$!& "(<$!#"8.#$'& 3$+$& #/$& -+"<.#$& 0.('& )3($'& N#+.#.& ;)3$+& .('& ?O& H+.,-#)(%& .('& #/$& -1:0"5& 0.('& )3($'&E+.-$+&B!#.#$&.('&A100$(!&B!#.#$6&C0#/)18/&F$3"(8#)(& B!#.#$%&.&+$!"'$(#".0&5)1(5"0&$!#.#$&!"#1.#$'&.#&#/$&5)+$&)*&#/$&

2345#67#8#(9:;<;43=><#?@AB9 #GTKCN XKGY QH V[RQNQIKGU VJCV OCMG WR VJG CTVKÆ’EKCN UKVG

6C5##-($'('#(*1%$# 6D5##E$'F%$#%-('(%#

!"#

$%&'()*+'&#,$')+

#

6H5#FI&&%+-#%-('(%

6!5#7!#.$'GF(*+#


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Ć’IWTCVKQP QH YQTM WPKVU CHHGEV ),"($3#!"(#&8()56"(.4(90$%&"$$"$(#9!"().(#44.*8(*"&)#!$(#&8( .33065(),"($6#3"(40*),"*(8"6"&8"&)(.&(),"(#33"$$().($)*"")( !":"!(#&8(6"*+"#9%!%)5(.4(),"($6#3"(4.*(!.#8%&'(3#*$7($"#)%&'7( ")31(A!"#*(8"!%&"#)%.&(.4(!%:"<-.*/($6#3"$(%&()"*+$(.4(#33"$$( #!$.( 9"3.+"$( 3*%)%3#!( 4.*( "44"3)%:"( 40&3)%.&#!%)5( .4( ),"$"( +%?"8<0$"(90%!8%&'$1

-./0#12#3#45678#9:#.;<8=>?8;>= K%$).*%3#!(8":"!.6+"&)$(%&(L"-%&').&1 E.0*3"M(NO(A"&$0$(=#)#7(CDPP1 Population Density pp/ha

2006 83 Crampton 1980 Elephant & Castle Redevelop - Court ment

1897 Newington Rowton House (philanthropic housing)

200

1945-1965 1875 Appearance of Building of tenetment houses council estates

1960 Opening of Kennington Park East

2010 Strata Tower

2003 University of Arts campus built

150 1938 WWII starts

1827 Walworth Manor and Surrey Gardens

NEWINGTON

50

INNER LONDON

Agricultural-based Ruralisation

1750

1999 Urban Renaissance Task Force Paper released

1864-9 Westminster, Hungerford & Blackfriars Bridge built 1863 -Railway Line built 1800 - Industrial Revolution

Early Capitalist Suburbanisation

1850

Industrial Capitalist Urbanisation

1950

State-led Rebuilding

2000

Private Entrepreneurial Redevelopment

$%&'()*+'&#,$')+

100

1947 Town and Country Planning Act for Council Housing

!"#

1850 Newington Workhouse


-./0#12#3#'456.7857948#:;#:<=84>6.? !"#$%&'()*+#,*-$#.%$*&-%./-.%$*(#*0$"(#1-2#3 Council Mixed Ownership and Tenure

Work

Live Live

ownership

Leasehold Leasehold 99 / 125 year lease

Leasehold Leasehold 99 //125 125year year lease 99 lease

Private Leasehold Sale Private Market tenure

* Must Qualify

Rent Varied

Rent 3 / 5 / 15 year lease

Private Rental Varied

Social Rent Secure Tenure

Sublets Short-Term

Sublets Short-Term

rentals

Private Developer Private Ownership and Tenure

Development Agent Work

Live Live

ownership

* Must Qualify

Leasehold 99 year lease

Leasehold dlohesaeL

Leasehold

Agent Leasehold Leasehold 9999/ /125 125year year lease lease

* Must Qualify

!"#

$%&'()*+'&#,$')+

Private Leasehold Sale tenure

Rent 10 / 25 year lease

Rent 5 / 10 year lease

Affordable Housing Rent Secure Tenure

Private Leashold Sale Private Market

Private Rental Varied

Sublets Short-Term rentals


&##-"".# /#-"". !"#$%&'()*+'",-#!

&##-"". /#". )../!%+.0

external-internal spaces

LL

L W

W

B U

-HIJ-#

!0.

%5'

0".

!"):',,#)+%9, *-#&'

=>?(%!%"&;'+&,(#+((%(=@(,&)"'0(&)*'" (9'$'9(A6A>(%::)"4%89'((-)/,#+5

!

!"

1&"%&%(2)*'"(3',#4'+&

0MN0.#########N"M-". ,!%&#%9(.);!),#&#)+

/+#&78/#9&7/+8/#9&(%"'%(!")!)"&#)+

""

######(12#34567#48#612#9:43;48<#=>2#?@2>=62;#9A# @>2726#B=>;7C#D14B1#E2=87#61=6#>274;2867# 1=F2#?83A#=BB277#6?#6124>#?D8#53??>C#612# <>?:8;#53??>#=8;#612#9=72E286G#)6#92B?E27# GZVTGOGN[ FKHÆ’EWNV VQ OGGV O[ HTKGPF YJQ 34F27#-0#53??>7#=9?F2#E2G

"-G##O($'('#(*/%$#

shared-individual spaces

L W

<("'&%#9(/+#&, !"#$%&'(9%+4()*+'",-#!

B

W

"I0"# %5'

####P:748277#>=627#D433#Q433#:7G#)5#612#R?:8B43# FQGU PQV Æ’PF C YC[ VQ UWRRQTV WU QH

&=648I'E2>4B=8#9:74827727#D433#;47=@@2=># =7#%32@1=86#=8;#R=7632#47#>2;2F23?@2;G# B"%!'"(C,&%&'(3'&%#9(2'+%+&

!

LK.

K0.

!"):',,#)+%9, +)+6*-#&'

/+#&78/#9&7/+8/#9&(%"'%(!")!)"&#)+

-0MK0.######L"MH". ,!%&#%9(.);!),#&#)+

?("'&%#9(/+#&, <<(,/86/+#&,

A==( %!%"&;'+&,( #+( %(89).D

U

!"

!/89#.(9%+4()*+'",-#!

"LG##S$'T%$#%O('(%#

$%&'()*+'&#,$')+

L

&##-"". /#-"". )../!%+.0

!"#

external-internal spaces

L W &#####0".# /#-"". !"#$%&'()*+'",-#!

shared-individual spaces

L W


;;<!-

=!6

%1'

"

886

!")5',,#)+%4, *-#&'

extern al-internal spaces

L W &##9-6# 7#:-6 )../!%+.0

L B

W

U

;->3-6######;8>=86 ,!%&#%4(.)6!),#&#)+

/+#&23/#4&2/+3/#4&(%"'%(!")!)"&#)+

"'1/4%&'7( .)/"&0%"7

#####(?@#ABCD@#EA#CDD@AAEFG@#HI#H?@#BJFGEDK# FJH#EH#EA#BLEMCH@#BLIB@LHN#AI#B@IBG@#CL@# DIOAHLCEO@P#EO#H?@#QCN#H?@N#JA@#H?EA#ABCD@. >=(?"%6!&)+(@',#7'+&

! !"

;<=(%!%"&6'+&, #+(=(34).:,

&##"--6 7#"--6# !"#$%&'()*+'",-#!

shared-individual spaces

L W

89(*)":(/+#&, !"#$%&'(4%+7()*+'",-#!

-2.#32#4$'5/(*+#

&##"--6 7#"--6 )../!%+.0

L W

B

W

U

;;<88#

!"#

$%&'()*+'&#,$')+

"

######)H#EA#CO#EODL@PEFGN#DL@CHEM@#@OMELIOR@OH# HI#F@#BCLH#IS.#7@#?CM@#GJOD?#EO#H?@#DIJLH< NCLP#COP#D?CH#QEH?#IJL#O@ET?FIJLA. C/44'+,(D,&%&'(*)":'"

!

!"

-!.##/0&&%+1#%1('(%

8!6

=-6

!")5',,#)+%4, *-#&'

/+#&23/#4&2/+3/#4&(%"'%(!")!)"&#)+

88B(%!%"&6'+&,

%1'

+)+("'1/4%&'7( .)/"&0%"7 8A(*)":(/+#&, !/34#.(4%+7()*+'",-#!

shared-individual space

L W &##8-6 7#-6# !"#$%&'()*+'",-#!

external-internal spaces

L W

;->3-6######;;>=36 ,!%&#%4(.)6!),#&#)+


#####':#%6?4K8L:#8L<#E89:6?#J?#L??<#:5#M;.6<# "#8L<#/>5J#5>/8L.78663Q#:8O?#JK8:#.9#:K?>?#

8L<#.N4>5@?#8L<#8<<#:5#.:#89#54459?<#:5# <?N56.9K#8L<#M;.6<#I>5N#97>8:7K0#*:K?>J.9?# :K.9#844>587K#J.66#<?9:>53#:K?#689:#M.:#5I# 75NN;L.:3#:K?>?#.90 @*2';(,)+B32,$)-+,2)5"16+323/21+ C9"1321+12&$82,)+"9+D2-7()2+@&)()2E

!

#####(K?>?#.9#8#<?:>.N?L:86#687O#5I#54?L# "#<.97;99.5L#8L<#<.865/;?#M?:J??L#:K?#75;L7.6# 8L<#<?@?654?>9#8L<#:K?#J.<?>#75NN;L.:30# (K.9#.9#9;4459?<#:5#M?#8#75668M5>8:.@?# 4>57?990 @*2';(,)+B32,$)-+,2)5"16+323/21

!

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

"

######)#J.9K#:K?#9487?#.L#I>5L:#8L<#8>5;L<#:K?# F:>8:8#J5;6<#M?#N5>?#8L.N8:?<#8L<#;9?8M6?0# (K.9#9K5J9#:K8:#:K?#F:>8:8#<5?9#L5:#>?8663# M6?L<#.L#J?66#J.:K#.:9#9;>>5;L<.L/#8>?80 !)1()(+:"521+12&$82,)

!

"

######(K?>?#.9#5I:?L#8#65:#5I#L5.9?#I>5N#:K?# J5>O#;L.:9#8:#L./K:0#P?#K8@?#L5#J83#:5# I5>N8663#<?86#J.:K#9;7K#.99;?90 =0**2,&+@&)()2+:AB+#;($13(,

!

#####(K?#75;L7.6#<5#L5:#9;445>:#9N866# "#M;9.L?990#$?L:869#8>?#.L7>?89?<#J.:K5;:#

75L9.<?>8:.5L#5I#:K?#75L9?R;?L7?90#F5#5L?# 78LL5:#M?#899;>?<#5I#K5J#65L/#:K?#4>?N.9?9# J.66#M?#8II5><8M6?0 =0**2,&+@&)()2+12&$82,)

!

B%C#(CD*&*,)E'&#F(GHC =>?I?>#:5#4>?@.5;9#48/?A *$42

*$42

$

5"16

!

/0$*)+(12(

"

0,/0$*)+(12(

%&

71"0,8+9*""1 (##2&& '2132(/$*$)4$25

-./0#11#2#(34565/.786#9:;<3#=4>?@.5;9#48/?A !"#$"%&'()$(*+(,(*-&$&.

!"#

#

$%&'()*+'&#,$')+

5"16


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

Dynamic Density Intensity I variation

Tenure pattern Live Work

Ownership Public Private

Organisation Management Regulation

Agents Public Private

Infrastructure Collective Individual

Typology High-rise Low-rise

Economic activity Production Consumption

Occupancy pattern Stable

!"#

$%&'()*+'&#,$')+

Transient

4567#89#:#-;<=>5?#@A<B5C; !/.&#")%/335.&(6-%156)(&*%(6%$(890)5%6#1/,%)(&5):


,-./"01"2",345678"69"-:5;:8-5<"3:=">37-35-6:" 83.-/&237+.-4+92.4+:"7;23<

!2*$.)+5-63./73'*7'3"

0'()$*+,&"-+!&.*"/

!"#$%&'()$*+,&"-+!&.*"/

!!"

#$%&'()*&%"+#&(*

1234"3/+.-4+12'-4.3$"/


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Æ’VVKPI CRRTQCEJ +*' !"/' 0$*!' +((#$(#)+!/' 0$9/.' !"#$%&"' <")6"' !$' 9/.)@/#' +' #/.+!)$,+.' 9:,+0)6' 9/,*)!:2' R,!/,9/9' !$' 7/' +' (#$6/**N9#)@/,' 4#+0/<$#5-' 4./1)7./' ("+*),&' $4' !"/' (#$($*/9' ),!/#@/,!)$,*' 6+,' 7/' !+).$#/9' !$' ,//9*' $4' (+#!)6%.+#' ,$9+.' *)!/*-' <"/!"/#'

!"#$%&"' (#)$#)!)*+!)$,-' *%((./0/,!+!)$,' !$' /1)*!),&' !$$.*' $#' *)0%.!+,/$%*' )0(./0/,!+!)$,2' 3"/' !"#//' !)/#*' $4' !"/' !$$.5)!' +#/' +((.)6+7./' +!' !"#//' %#7+,' *6+./*8' !"/' *)!/-' !"/' ,$9/-' CPF VJG EKV[ 6JG Æ’TUV UECNG RTGUGPVU VJG KPVGTXGPVKQPU CU C #/*($,*/'!$'!"/'*!%9:'*)!/'),';/<),&!$,-',+0/.:'!"/'=$#%0-' !"/'>%7'+,9'!"/'?%7.)6*2'3"/'*/6$,9'*6+./'9#+<*'$%!'&/,/#+.' (#),6)(./*'4#$0'!")*'!$$.5)!'!"+!'6+,'7/'/1!/,9/9'!$'&%)9),&' FGPUKÆ’ECVKQP KP QVJGT PQFCN UKVGU KP ETGCVKPI TGNCVKQPCN $#&+,)*+!)$,-'#/.+!)$,+.'/6$,$0)6*'+,9'#/.+!)$,+.'(%7.)6*2'3"/' Æ’PCN UECNG TGEQOOGPFU JQY VJKU PGY EQPEGRVKQP QH F[PCOKE 9/,*)!:-' !"#$%&"' !"/' /)&"!' 4+6!$#*' $4' ),!/,*)!:' +,9' 9)@/#*)!:-' *"$%.9' 7/' ),6$#($#+!/9' ),!$' 6)!:<)9/' (.+,,),&' ($.)6)/*' !$' 6#/+!/'+'#/.+!)$,+.'&#+),2

2345#6!#7#(89#(::;<3=

!"#$ =2#+,)$ *0#$ 0#);&+)(-.#$ :&0$ !"#$ =2#+,)$ *0#$ 0#);&+)(-.#$ :&0$ '#9#.&;5#+,$*+'$,"#0#:&0#$'#.(9#0(+2$ '#9#.&;5#+,$*+'$,"#0#:&0#$'#.(9#0(+2$ *$0#.*,(&+*.$'#+)(,4$,&$-#$(+3./'#'$(+$ *$0#.*,(&+*.$'#+)(,4$,&$-#$(+3./'#'$(+$ :/,/0#$;&.(34<$$ :/,/0#$;&.(34<$$

what NEWINGTON SCALE

$%&'()*+'&#,$')+

a.

!"#$%&'#$()$*+$#),*-.()"#'$/0-*+$*0#*$ !"#$%&'#$()$*+$#),*-.()"#'$/0-*+$*0#*$ 1(,"$"(2"$*33#))(-(.(,4$*+'$5(6#'7/)#8$ 1(,"$"(2"$*33#))(-(.(,4$*+'$5(6#'7/)#8$ *+$ *,,0*3,(9#$ *0#*$ :&0$ 3*;(,*.$ *+$ *,,0*3,(9#$ *0#*$ :&0$ 3*;(,*.$ (+9#),5#+,< (+9#),5#+,<

NODAL SCALE Relational Organisation To interface functions in mixed-use buildings and urban contexts

HUB

role aim

Relational Economy Generate competitive local markets by reaching optimum economic capacity

role aim

Relational Space Break fragmented visible & invisible borders to increase activity in shared space

b.

R N R N

simultaneous simultaneous implementation implementation

supplemetary supplemetary implementation implementation

priority priority implementation implementation

4GVTQÆ’VVKPI KU VJG CNVGTPCVKXG VQ VCDWNC 4GVTQÆ’VVKPI KU VJG CNVGTPCVKXG VQ VCDWNC 0*)*$ '#9#.&;5#+,$ ,"0&/2"$ 1"(3"$ ,&$ 0*)*$ '#9#.&;5#+,$ ,"0&/2"$ 1"(3"$ ,&$ '#.(9#0$*$'4+*5(3$'#+)(,4$*+'$30#*,#$ '#.(9#0$*$'4+*5(3$'#+)(,4$*+'$30#*,#$ 0#.*,(&+*.(,4<$ 0#.*,(&+*.(,4<$

role aim

c.

R N R N relational relational

dynamic dynamic density density

mixed-use mixed-use

N N N N

FORUM

PUBLICS !"#

established established urban urban areas areas

R R

highly highly accessibile accessibile

*inclusion in policy *inclusion in policy

when when FLEXIBE PHASING FLEXIBE PHASING

how how RETROFIT RETROFIT

where where NODE NODE

private private developer developer

local local Council Council

who who AGENTS AGENTS

>.#6(-.#$ ?"*)(+2$ *..&1)$ ,"#$ ,(#0#'$ >.#6(-.#$ ?"*)(+2$ *..&1)$ ,"#$ ,(#0#'$ ,&&.@(,$,&$-#$(5;.#5#+,#'$*,$'(::#0#+,$ ,&&.@(,$,&$-#$(5;.#5#+,#'$*,$'(::#0#+,$ ,(5#)$ *+'$ )3*.#)$ *33&0'(+2$ ,&$ )(,#$ ,(5#)$ *+'$ )3*.#)$ *33&0'(+2$ ,&$ )(,#$ 3&+'(,(&+)< 3&+'(,(&+)<

CITY SCALE

role aim

Dynamic Density Redefine static density to encompass an intensity and variation of 8 factors which can then be measured through which to evaluate a relational grain


+%-)+,(*+#./'&% #V VJG Æ’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Æ’GF HTQO KPVGTXKGYU EQPFWEVGF YKVJ VJGUG GPVKVKGU

0123#45#6#(178#49#(:7#0;8<= %&'()$*,'(-,('#$.,$,"#$F#5210,&1$G-.3#=

Businesses Production Consumption Service

TRAs Council housing Private housing

Workers Stable Transient

Residents Stable Transient

-./

0..12345

6751.8

*(+,*)&%

Private Institutions Developers Investors

Public Institutions Council

Other Institutions Local scale City scale

NGOs Local scale City scale

-./

3.-59.11.8 :28.;178<

0..12345 1=9@5

:./=1.5

6751.8

:25;7A315 6=813.85>265

?2:.7

.?.315

$%&'()*+'&#,$')+

!"#$%"%&'('!)&

!"#

Forum Platform for Dialogue


()%$#-.#(/%#/01 !"#$%&"'(')*%+)"',%-'./'0)#%*"##'#%1"#'(*2'&3$"#'%*'&4"'#&)23' #%&"5'/6.,'6"&(%75'8.,,"68%(7'&.'7%94&'%*2)#&635'"8.*.,%8'(8&.6#' (7#.'7(69"73'.$"6(&"'%*'('2%#$(6(&"',(**"6':%&4.)&'7";"6(9%*9' .*'$.&"*&%(7'"8.*.,%8'(2;(*&(9"#'./'0"%*9'7.8(&"2'%*'87.#"' $6.-%,%&35'6"#)7&%*9'%*'#)0.$&%,(7')#"'./'6"#.)68"#'%*'&4"'(6"(' CU GZGORNKƒGF D[ GZKUVKPI GORV[ YQTM WPKVU

Show ca

eting Space Me

[ 4\ZPJ (Y N -HZ U P OP VYR [Z VU ^ L[ LU 5 L]

Inf Bu ra

ss ne si ucture r st

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ƒV HTQO JCXKPI UJCTGF CEEGUU VQ HCEKNKVKGU UWEJ CU $6%*&"6#'.6'%*&"6*"&'&4(&':.)72',%*%,%#"'&4"%6'#&(6&G)$'8.#&#?' @)84' /7"-%07"' .88)$(*83' 03' ,)7&%$7"' 0)#%*"##' )#"6#' :.)72' *.&'.*73'%*&"*#%/3')#"'./'&4"'#$(8"5'0)&'(7#.'"*(07"'&4"'=)0' &.'0"'('8.,,"68%(773';%(07"'0)#%*"##',.2"7':%&4'#)0#&(*&%(7' 6"*&(7'%*8.,"5'(#'.$$.#"2'&.'%&#'8)66"*&';(8(*83?'

ng si

\U[HU[ 0; :\WWVY[ (JJV >VYR [LY 3LJ ZO YPU LY [ V \ Y 7 UU LZ WZ :JH

)\ZPULZZ 3P]L Z J L U L Z\WWVY[ )YVH H P P KI K L U[L HU YUL K 4 [

RZWHJL *VUMLYLUJL >VY YVVTZ 4 UN LL YRP Y V ^V RZ VT [PUN V KLZ Z * OV[

!"#

$%&'()*+'&#,$')+

2345#67#8#(39:#-.#(;9#/<= =)0')#(9"'(&'&4"'H":%*9&.*'@8(7"?

@<FJ<'MC'(*2 @OFII'LM@NHD@@'

ON!G@NPD!'(*2 @OFII'LM@NHD@@'

@<FJ<'MC

@OFII' LM@NHD@@

@OFII' LM@NHD@@

ON!G@NPD!' LM@NHD@@

IFJKD' LM@NHD@@

Q.6>#4.$ 1HƒEG

Q(6"4.)#" 1HƒEG

U6""7(*8"

J"&(%7

J"&(%7

J"&(%7

D2)8(&%.*

C)77"*#'T(62

RS'B6(,$&.*

J"#%2"*&%(7'07.8>

!6($"6'D#&(&"

Q(7:.6&4

@4.$$%*9'8"*&6"

IBB


()%$#-.#(/%#012&)34 41#% ,&'2;% ,*&#% "/#,#$&,% 0% :0/*0&*!$% !.% "'()*+-% ,#8*>"'()*+% CPF RTKXCVG URCEGU UQOG QH YJKEJ CTG PQV ENGCTN[ FGÆ’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Æ’TUV URCEG VJG WTDCP FQQT TGHGTU &!%&1#%902%0&%&1#%A)#"10$&%F%E0,&)#%/!'$20(!'&-%5*&1%&1#% 1*91#,&% 2#9/##% !.% 0++#,,*(*)*&;-% 0+&*:*&;% 0$2% *$+)',*:*&;6% 41*,% &1#$% )*$?,% &!% &1#% '/(0$% .!;#/-% 5*&1% )#,,% .!!&.0))-% ('&% !:#/&);%

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

!"#

$%&'()*+'&#,$')+

5678#9:#;#(6<=#-.#(><#0?@A6BC G*/2,>#;#% :*#5% 0$2% *809#,% 2#"*+&*$9% &1#% 9/02*#$&% !.% "'()*+$#,,% 0&% &1#% @#5*$9&!$%3+0)#6


!"#$%&0(("

!"#$%&'()*"

!"#

$%&'()*+'&#,$')+

!"#$%&+%,*"-("

!"#$%&.((/


+*0'&#/1'&% B4,' *."/:,(%"%$5(' ,;#,.$,(!,)' $(' %4,' -%2)&' -$%,' $-' (5%' WPEQOOQP KP WTDCP EQPVGZVU (TQO VJGUG UKVG URGEKÆ’E $(%,.6,(%$5(-3' #.$(!$#+,-' ".,' )."1(' 52%' *5.' :5.,' /,(,."+' "##+$!"%$5(' %5' 5%4,.' (5),-8' B4,' %55+=$%' #.,-,(%-' %4,-,' #.$(!$#+,-' "!.5--' "' -#,!%.2:' 5*' "##+$!"0$+$%&' *.5:' %4,$.' :$($:2:' %5' :";$:2:' $(' !.,"%$(/' .,+"%$5("+' 5./"($-"%$5(3' GEQPQOKGU CPF URCVKCNKV[ VQ DG VCKNQTGF CEEQTFKPI VQ URGEKÆ’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

!"#"!$%&' "()' *"!$+$%"%,-' -&(,./$,-' 0,%1,,(' 02-$(,--,-3' %4.52/4' "!!,--' %5' -4".,)' 02-$(,--' -#"!,3' *"!$+$%$,-' "()' -,.6$!,-' $(' +5!"%$5(-' %4"%' ,(75&' 4$/4' 6$-$0$+$%&3' "!!,--$0$+$%&' "()'*55%*"++8' 9%' $%-' :$($:2:' $%' !"(' *2(!%$5(' "-' "' 02-$(,--' $(!20"%5.' 0&' #.56$)$(/'-4".,)'*+,;$0+,'-#"!,'"()',<2$#:,(%3'14$!4'-:"++' DWUKPGUUGU QT HTGGNCPEGTU OC[ JCXG FKHÆ’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

>5),-'452-,'"')$6,.-,':$;'5*'02-$(,--,-3'&,%'5##5.%2($%$,-' *.5:' %4$-' !5?+5!"%$5(' :"&' (5%' (,!,--".$+&' 0,' 2%$+$-,)8' 9' .,+"%$5("+' ,!5(5:&' -,,=-' %5' 5#%$:$-,' %4,' (5),@-' ,!5(5:$!'

9%' $%-' :$($:2:3' %4,' 2.0"(' )55.3' %4,' 2.0"(' *5&,.3' %4,' 2.0"(' $(%,.$5.' "()' %4,' 2.0"(' .55:' *5.:-' "' -$(/+,' -&-%,:' !5(-%$%2%$(/' %4,-,' *52.' ,+,:,(%"+' -#"!,-8' 9%' $%-' :";$:2:3' %4$-'!"('0,',;#"(),)'$(%5':2+%$#+,'-&-%,:-' 14$!4'!5((,!%' %5'%4,'.,+,6"(%'G,+,:,(%@'%5'!.,"%,'"'(,%15.='5*'#20+$!'-#"!,-' 0,&5()' %4,$.' +5!"%$5(H' %5' *5-%,.' !5((,!%$6$%&3' "!%$6$%&' "()' $(%,(-$%&'5*'-4".,)'-#"!,-'$('),(-,'2.0"('!5(%,;%-8'

I.0"('K55.

I.0"('J5&,.

!"#

$%&'()*+'&#,$')+

()%$#5.#$%&'()*+'&#%1*+*6)%/#


-./0#"1#2#(.34#"5#$3678.9:76#94/7:.;78.9: ./$(0+"-&(1$(&2$%&#)&-+")&0+"-$/*3)4&$%4&3("52(5")4&+6)"&(*-)7 )*+,

)*+-

)*+.

)*+/

)*+0

!"##$%&'('$)*+ 2%3.)&.',%43.

%&,)$-./(.!!)0%."%)& !"#$%&'()*+"',-)./%01

!"$*0"*$#1(.!!)0%."%)& 2%3*5-.).4%3#()*+"',-)./%01

#/#0"#1(0)--%""## 6+-4(+0).47+#()*+"',-)./%01

&)&2+$),%"(0)-+.&3 6+&4*4%3#()*+"',-)./%01

!"!#!$#!%"

&$'!&(&

-./0#"<#2#(.34#"5#$3678.9:76#3=9:9>? 8)%(")&(1$(&2$%&9"+:&*%&(1)&;"+6*3*+%&+0&31$")4&#53*%)33&0$2*/*(*)37 !"#$

!"#%

!"#&

!"#'

!"#$%&'() !"#$%&'()"#&*($&+,-)".--&-,''($#&

*+),!#+-.)(,!/+) /,''($#&*($&.0'1"-)("&

#(01()2!"3-*.&#+ :;.0)+;.&-'17.&1"6&9)59.$&.0'(-,$.

#("'&#'-.(!"' 2.#3($4)"5&1"6&7$(--8.0791"5.

()(*(+*(,)

-+.(-/-

-./0#@A#2#(.34#B5#$3678.9:76#CDE6.=; <#+6)=&#)/+:&$%4&;")6*+53&;$9)>&?/)-)%($/&;5#/*2&3;$2)3&#)/+%9*%9&(+&$&3@3()-& (1$(&2$%&#)&-5/(*;/*)4&*%&+"4)"&(+&2")$()&$%&$22")(*6)&9"$4*)%(&+0&;5#/*2%)337 -./0

-./1

-./2

-./3

!"#$%&'((" !"#$%&'()*&+'*,'-./+(

!"#$%&)(*+" !"#$%&'()*&+'.-' )0%1*,+'20."-/

!"#$%&,%-+",(" 4+5%6)"#$%&'()*&+'3.0' &.$$+&,%1+'"(+

!"#$%&"((. !0%1*,+'()*&+'3.0' %-/%1%/"*$'"(+ )%&*"+&,

!"#

$%&'()*+'&#,$')+

!"#$%&'(

!"#$%&'%()"*+"

!"#$%&,++-


9)(:#;9'&% @)* -,+"(1($.#+$(0=* %5""($.* &+'#%#()A* B5-$.#.-.#8(* -&&"+-%6* .+* 0($)#./* #)* .++* $-""+:=* -$0* "(B5#"()* -* 1+"(* $5-$%(0* 0#1($)#+$C* -* 0/$-1#%* 0($)#./=* &-".#%5'-"'/* -.* $+0-'* )#.()* :6("(* "('-.#+$-'#./* >(%+1()* -* * %"5%#-'* "()+5"%(2* @.* .6(* %#./* )%-'(=* .6()(* &"#$%#&'()* +,* 0/$-1#%* 0($)#./* )6+5'0* >(* #$%+"&+"-.(0*#$.+*.6(*D+$0+$*!'-$A)*&+'#%#()*+$*E&&+".5$#./* #TGCU CPF +PVGPUKÆ’ECVKQP #TGCU PCOGN[ VJG PGGF VQ VCMG #$.+*-%%+5$.*#$.($)#./*-$0*8-"#-.#+$*#$*.("1)*+,*.($5"(=*'-$0* QYPGTUJKR GEQPQOKE CEVKXKV[ NKXKPI RTQÆ’NGU QTICPKUCVKQP -4($.)=* #$,"-)."5%.5"(* -$0* ./&+'+4/=* -$0* "('-.#+$-'#.#()* #$* QTICPKUCVKQP GEQPQOKE CPF URCVKCN FKOGPUKQPU CU KFGPVKÆ’GF ,"+1* .6(* ./&+'+4#%-'* ).50/2* ;6#)* :#''* %"(-.(* -* ,"-1(:+"<* .+* IWKFG HWVWTG FGPUKÆ’ECVKQP KP VJGUG PQFCN CTGCU GCTOCTMGF ,+"*1-7+"*0(8('+&1($.*#$*.6(*%+1#$4*/(-")=*,"+1*:6#%6*'+%-'* %+5$%#')*:+5'0*,+"15'-.(*'+%-'*&'-$$#$4*&+'#%#()*.+*).#&5'-.(* "(B5#"(1($.)* ,+"* 0('#8("#$4* 1-).("&'-$)* .($0("(0* >/* >+.6* .6(* &5>'#%* -$0* &"#8-.(* )(%.+")2* @00#.#+$-''/=* .6#)* ,"-1(:+"<* %-$*>(*5)(0*.+*%+$05%.*>+.6*-*&+).?1+".(1*-$0*&"(?&"+7(%.*

-&&"-#)-'* +,* &"+7(%.)* .+* (8-'5-.(* .6(* (9.($.* .+* :6#%6* -* 0()#"(0* '(8('* +,* "('-.#+$-'* 0($)#./* #)* -%6#(8(02* ;6#)* :+5'0* ($)5"(* .6-.* .6(* ,"-1(:+"<* ,+"* 0/$-1#%* 0($)#./* #)* $+.* 75).* ."(-.(0* -)* )544().#8(* -$0* +&.#+$-'=* >5.* "-.6("* >#$0#$4* -$0* %+1&5')+"/* :6("(* 6#46("* 0($)#.#()* -"(* 0('#8("(0* #$* 1#9(0? WUG Æ’PG ITCKPGF WTDCP EQPVGZVU $[ IQKPI DG[QPF OGCUWTGU +,* ).-.#%* 0($)#./=* .6()(* %"#.("#-* ,+"* 0/$-1#%* 0($)#./* :+5'0* "()5'.*#$*-*"('-.#+$-'*4"-#$*.6-.*:+"<)*"-.6("*-)*-*"()+5"%(*,+"* )5).-#$->'(*0(8('+&1($.*-.*$+0-'*)#.()2

-./0#"1#2#(34#(5567.8 !"#$%#&'()*+,*"('-.#+$-'#./*-$0*0/$-1#%*0($)#./2*3#$45'-"*.#("*+,*.6(*%#./*)%-'(2

*factors for evaluating density in nodal development

London Plan Opportunity & Intensification Area

Annex 1

Static Density Job & Homes

Table A.1.1

plus

1. 2. 3. 4. 5. 6. 7. 8.

Local Plan: Core Strategy * Reference to London Plan

Dynamic Density Intensity & Variation

Policy 5

Tenure Pattern Ownership Economic Activity Occupancy Patterns Organisation Agents Infrastrucutre Typologies

quantitative allocation of dynamic density

Point 4.2.4

Master Plan * Reference to Supplementary Planning Document, OAPF

implementation of dynamic density

!"#

* Reference to Core Strategy

$%&'()*+'&#,$')+

Supplementary Planning Document


:*+:&;<)*+

C-%&,(+,)!%$'(%)(%$!(?,),.#&%$'(%!(7%+,&'(.,8*?)%!,+(%)("*&%8'( #)+( #8#+,;%8( !"-,.,!( 4*.( 8*)$.%:9$%)?( $*( !9!$#%)%)?( !*8%#&( #)+(,8*)*;%8(5%$#&%$'(%)(8%$%,!6(%$(!-*9&+()*$(:,(8,)$.,+(#.*9)+( #(!%)?9&#.(F9#)$%$#$%5,(#.$%89&#$%*)6()*.(#(!%)?9&#.(.,#&%!#$%*)2( 3-,(.,89..%)?(F9,!$%*)($-.*9?-*9$($-,()#..#$%5,(*4($-,(".*G,8$( -#!($-9!(:,,)H(7-#$($'",(*4(+,)!%$'(!-*9&+(:,(".*;*$,+(%)( )*+#&( #.,#!( &%@,( /&,"-#)$( 0( 1#!$&,6( %)( *.+,.( 4*.( $-%!( +,)!%$'( $*( :,( #( .,!*9.8,( 4*.( $-,( 8%$'( #!( !9""*.$,+( :'( #9$-*.!( &%@,( I#8*:!6(J#!!,)6(K&#,!,.(#)+(J,)),$$6(#;*)?!$(*$-,.!2

!"#$%#&%$'( #$( )*+,!( *$-,.( $-#)( /&,"-#)$( 0( 1#!$&,2( 3-,( $-.,,( $%,.!( $-,.,4*.,( #.,( $-.,,( .,&#$%5,( $**&!6( 7-%8-( !-*9&+( :,( #""&%,+( 8*;".,-,)!%5,&'( %)( ;%<=9!,( )*+#&( !%$,!2( >,$6( $-,( "-#!%)?(4*.($-,($**&@%$(%!(4&,<%:&,6(#)+($-,($-.,,($%,.!(!-*9&+( :,(%;"&,;,)$,+(#88*.+%)?($*($-,(8*)$,<$9#&(8*)+%$%*)!(#)+( URGEKÆ’EKV[ QH VJG UKVG 6Q EGOGPV VJGUG KP RTCEVKECN CRRNKECVKQP %$(%!(8.%$%8#&(4*.($-,(4#8$*.!(*4(+')#;%8(+,)!%$'($*(:,(%)!,.$,+( %)$*(A*)+*)("*&%8'($*(%)4*.;(,<=#)$,(#)+(,<="*!$(,5#&9#$%*)!( QH PQFCN FGXGNQROGPVU GZRGTKGPEKPI FGPUKÆ’ECVKQP

6JG .QPFQP 2NCP HWTVJGT KFGPVKÆ’GU VJG UVTQPI ŧITQYVJ "*$,)$%#&L( %)( !98-( )*+,!6( 7%$-( -%?-( ,<",8$#$%*)!( 4*.( $-,!,( QRRQTVWPKV[ CTGCU VQ OGGV C UKIPKÆ’ECPV RTQRQTVKQP QH VJG EKV[ŨU ),7( .,!%+,)$%#&6( 8*;;,.8%#&( #)+( ;%<,+=9!,( +,5,&*";,)$!2( >,$6(#!(#.?9,+(*4(89..,)$("*&%8%,!(%)(".*;9&?#$%)?(#()#..*7( EQPEGRVKQP QH FGPUKV[ OGGVKPI VJG PGGF HQT FGPUKÆ’ECVKQP $-.*9?-( #( !$#$%8( +%5,.!%$'( #&*),( ",.",$9#$,!( 4.#?;,)$#$%*)( %)(9.:#)()*+,!6("#.$%89&#.&'(9)+,.($-,(".,!!9.,(*4(,<$,)!%5,( ".%5#$,( 8#"%$#&( %)5,!$;,)$2( 3*( $.#)!4*.;( $-,!,( 4.#?;,)$,+( :*9)+#.%,!(%)$*(.,!*9.8,49&(),$7*.@!6($-,(".*G,8$(!*9?-$(#(.,= 8*)8,"$9#&%!#$%*)(*4(+,)!%$'(#!(+')#;%8(+,)!%$'6(7-%8-($#@,!( %)$*(#88*9)$()9#)8,+(#)+(F9#&%$#$%5,(4#8,$!(*4$,)(),?&,8$,+( KP EQPXGPVKQPCN FGÆ’PKVKQPU VJTQWIJ CP WPFGTUVCPFKPI QH .,&#$%*)#&(#$$.%:9$,!2(3-,(".*G,8$(#&!*(".*"*!,!($-,(.,&#$%*)#&( $**&@%$6( %)4*.;,+( :'( 8.%$%8#&( #)#&'!%!( #)+( ,;"&*',+( $-.*9?-( !$.#$,?%8( %)$,.5,)$%*)!2( 3-%!( $-.,,=$%,.,+( $**&@%$( !,.5,!( #!( #( ?9%+,( 4*.( "*&%8'( #)+( +,8%!%*)=;#@,.!( $*( 8.,#$,( ;9&$%=!8#&#.( .,&#$%*)#&(*.?#)%!#$%*)!6(.,&#$%*)#&(,8*)*;%,!6(#)+(.,&#$%*)#&(

B4($-,(+')#;%8(+,)!%$'(,)5%!%*),+(%)($-,(".*"*!,+($**&@%$(%!( IGPGTCVGF KP CP WTDCP EQPVGZV VJG GHÆ’EKGPV WUG QH NCPF HQT +,&%5,.%)?( +,)!%$'( $-.*9?-( $#:9&#( .#!#( #"".*#8-( :,8*;,!( ",.%"-,.#&2( C-#$( :,8*;,!( 8.%$%8#&( $-,)( %!( $*( ?,),.#$,( -%?-( NGXGNU QH KPVGPUKV[ CPF XCTKCVKQP YKVJKP Æ’PG ITCKPGF WTDCP EQPVGZVU VJTQWIJ C RTQEGUU QH TGVTQÆ’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

!"#

$%&'()*+'&#,$')+

-./0#11#2#$3456.7854#/95.8 E')#;%8(+,)!%$'(8.,#$,!(.,&#$%*)#&%$'(%)($-,(8%$'(?.#%)2


$%-%$%+.%/

!<$=<%& 9(& /& 9<<@)1%& W(& 345BB7%& L9F"1,Q$,>?& ">C& 1)HO<>O)@#+"F,*,>?& C)>*,#$S%& <$0)$"%%*(&*<-1&&(&);*AV%&BHVB( !+1C)##& )#& "F(& 3455U7%& X)>*,#$& ">C& +1R">& >),?GR<+1G<<C*& ,>& :<>C<>%& CXCKNCDNG HTQO JVVR Æ’NGU NUGEKVKGU PGV Æ’NGU .5'&GPUKV[4GRQTV RFH Y"OO)**)C&Z&'"1&45BU[( !+1?)**%&-(%&W(&I"1=%&">C&W(&'O.)>\,)(&3BZ4K7%&=:"*>('4%&9G,O"?<D&8>,E)1*,#$& <Q&9G,O"?<&I1)**( 9G)>?%& ](& 345B57%& L8>C)1*#">C,>?& C)>*,#$& ">C& G,?G& C)>*,#$S(& J>& -(& ^?& 3-C(7%& 3"%()&(&)* :():?5"&%('4* /('("%* .0$* %0/(1-* 1&5* "&6($0&+"&'1-* %,%'1(&1@(-('4;* :<>C<>D&-"1#G*O">( 9F"1=)%&I(&3455A7%&A"'$(/('42*BC#-0$(&)*&"D*A"1%,$"%*0.*E$@1&*3"&%('4%&0)F)>& 0"PF$>&9)>#1)%&"E",F"RF)&Q1<PD&G##@D__;;;(+OF("O(+=_+1R">R+\\_C<;>F<"C*_ @1<`)O#*aBA_')#1,O,#$aI+RF,O"#,<>(@CQ&Y"OO)**)C&BU&b)R&45BU[( 91+\%&M(&345BB7%&L:"#,>&cP)1,O"&')">C)1D&J>&N)"1OG&<Q&"&^);&9,E,O&JP"?,>"#,<>S%& 9$/:('"/',$1-*3"%()&%&TB&367%&BB5HBBT( X)@"1#P)>#& Q<1& 9<PP+>,#,)*& ">C& :<O"F& d<E)1>P)>#& 3455V7%& BC1+#-1$%* 0.* &"():@0,$:005*)06"$&1&/"%&e)*#&f<1=*G,1)D&X9:d&I+RF,O"#,<>*( X)*,?>& Q<1& 0<P)*& 3455A7%& W)O<PP)>C"#,<>*& Q<1& F,E,>?& "#& *+@)1C)>*,#$%& "E",F"RF)& Q1<PD& G##@D__;;;(C)*,?>Q<1G<P)*(<1?_;@HO<>#)>#_ +@F<"C*_45B4_56_N+@)1C)>*,#$4(@CQ&Y"OO)**)C&BB&'"1&45BU[( &GUKIP HQT .QPFQP *QWUKPI +PVGPUKÆ’ECVKQP KP UGXGP 5QWVJ .QPFQP M<;>&9)>#1)*%&Y<>F,>)[&:<>C<>D&X)*,?>&Q<1&:<>C<>(&&

iH9)>#1"F& 3455V7%& "E",F"RF)& Q1<PD& G##@D__T6O1"P@#<>*#1))#(O<(+=_<E)1E,);( @G@&Y"OO)**)C&K&X)O&45B6[( I"Q="%& -(& 345B67%& 70':(&)* K1(&"5* @4* 0&-4* >0,&'(&)* 3D"--(&)%* #"$* L"/'1$"2* 9* :,&5$"5* 4"1$%* 0.* /0&.,%(&)* ,$@1&* 5"&%('("%%& N#"#)& <Q& c+*#1"F,">& 9,#,)*& 9<>Q)1)>O)%&N$C>)$%&4VH4Z&^<E)PR)1&45B6( I<*#;"1R+,FC,>?*(O<P& 3455A7%& MG)& X1"@)1& -*#"#)%& "E",F"RF)& Q1<PD& G##@D__ @<*#;"1R+,FC,>?*(O<P_R+,FC,>?*_#G)HC1"@)1H)*#"#)&Y"OO)**)C&K&X)O&45B6[ I+FF)>*& f"1C*& 345B67%& "E",F"RF)& Q1<PD& G##@D__;;;(@+FF)>*$"1C*(O<(+=_& Y"OO)**)C&A&X)O&45B6[( 4CRQRQTV # ŧ6QYCTF C TGFGÆ’PKVKQP QH FGPUKV[Ũ B&6($0&+"&'* 1&5* H":16(0$%&A&347%&B66HBKT( N)>>)##%&W(&3BZAT7%&=:"*M1--*0.*<,@-(/*A1&%&^);&f<1=D&],>#"?)&!<<=*( N<+#G;"1=&9<+>O,F&345BB7%&N<+#G;"1=&9<1)&N#1"#)?$%&"E",F"RF)&Q1<PD&G##@D__ ;;;(*<+#G;"1=(?<E(+=_O<1)*#1"#)?$&Y"OO)**)C&4&'"1&45BU[( N<+#G;"1=& 9<+>O,F& 345B47%& -F)@G">#& ">C& 9"*#F)& N+@@F)P)>#"1$& IF">>,>?& X<O+P)>#& 3NIX7& ">C& i@@<1#+>,#$& c1)"& IF">>,>?& b1"P);<1=& 3icIb7%& "E",F"RF)& Q1<PD& ;;;(*<+#G;"1=(?<E(+=_C<;>F<"C_ATZU_)F)@G">#a">Ca O"*#F)a<@@<1#+>,#$a"1)"a*@C&Y"OO)**)C&4&b)R&45BU[( N<+#G;"1=& 9<+>O,F& 345B47%& -F)@G">#& ">C& 9"*#F)& i@@<1#+>,#$& c1)"& 9G"1"O#)1,\"#,<>& N#+C$%& "E",F"RF)& Q1<PD& G##@D__;;;(*<+#G;"1=(?<E(+=_ C<;>F<"C_VA4U_OG"1"O#)1,*"#,<>a*#+C$a45BB&Y"OO)**)C&A&'"1&45BU[( N<+#G;"1=& 9<+>O,F& 345BB7%& -F)@G">#& ">C& 9"*#F)& N+@@F)P)>#"1$& @F">>,>?& C<O+P)>#D&!"*)F,>)&,>Q<1P"#,<>%&"E",F"RF)&Q1<PD&G##@D__;;;(*<+#G;"1=(?<E( +=_C<;>F<"C_A5KT_R"*)F,>)a,>Q<1P"#,<>aR"O=?1<+>Ca@"@)1& Y"OO)**)C& A& '"1&45BU[(

X+1=G),P%& -(& 3BZTU7%& =:"* 3(6(%(0&* 0.* F1@0$* (&* G0/("'4;& :<>C<>D& I"F?1"E)& '"OP,F">(

N<+#G;"1=& 9<+>O,F& 345BB7%& N<+#G;"1=& 1)R<1>D& #G)& >)h#& OG"@#)1%& "E",F"RF)& Q1<P& G##@D__;;;(*<+#G;"1=(?<E(+=_C<;>F<"C*_C<;>F<"C_4AV4_*<+#G;"1=a 1)R<1>a)hG,R,#,<>&Y"OO)**)C&A&'"1&45BU[(&

-C;"1C*%& '(& 3455Z7%& L.,>?S*& 91<**D& 1)>",**">O)& Q<1& ;G<PgS(& J>& 3)C& I+>#)1%& 2<G>7&E$@1&*3"%()&;*E$@1&*!"&1(%%1&/"*1&5*H$('(%:*>('("%%&:<>C<>D&W<+#F)C?)

N#1"#"&:<>C<>&0<P)&345B67%&"E",F"RF)&Q1<PD&G##@D__;;;(*#1"#"F<>C<>(O<P_& Y"OO)**)C&K&X)O&45B6[(

-"*#& MG"P)*& 0<+*,>?& d1<+@& 3455V7%& 3"-(6"$(&)* %,//"%%.,-* :():"$?5"&%('4* :0,%(&)2*9*'00-I('**J&5*"5('(0&%&:<>C<>D&-"*#&MG"P)*&0<+*,>?&d1<+@

N#<1@)1%& '(& 3BZZK7%& W)?,<>"F& -O<><P,)*& "*& W)?,<>"F& c**)#*%& "E",F"RF)& HTQO JVVR YYY NUG CE WM IGQITCRJ[#PF'PXKTQPOGPV YJQU9JQ RTQÆ’NGU ',OG")Fk45N#<1@)1_@CQ_W)?-OW)Fc**)#*(@CQ&Y"OO)**)C&44&b)R&45BU[(

dF")*)1%&-(&345BB7%*=$(,+#:*0.*':"*>('4;&:<>C<>D&I">&'"OP,FF">( d1)"#)1& :<>C<>& c+#G<1,#$& 345BB7%& MG)& :<>C<>& IF">D& X)E)F<@P)>#& N#1"#)?$& Q<1&d1)"#)1&:<>C<>%&:<>C<>D&d:c&(& d1)"#)1& :<>C<>& c+#G<1,#$& 3455V7%& :<>C<>& IF">& X)>*,#$& '"#1,h& W)E,);%& "E",F"RF)& Q1<PD& ;;;(F)?"O$(F<>C<>(?<E(+=_P"$<1_@F">>,>?_C<O*_C)>*,#$H P"#1,h1)E,);(@CQ&Y"OO)**)C&BB&b)R&45BU[( 0"FF%&I(&3455B7%&LN+*#",>"RF)&9,#,)*&<1&M<;>&91"PP,>?gS(&J>&:"$"1C%&c(%&X"E<+C,%& N(%&!"##$%&N(&3)C*7(&<-1&&(&)*.0$*1*%,%'1(&1@-"*.,',$"%&:<>C<>D&N@<>&I1)**( 0"1E)$%&X(&3455A7%&L^)<F,R)1"F,*P&">C&#G)&9,#$(S&G',5("%*(&*G0/(1-*8,%'(/";&B3B7%& 4HB6( 2"O<R*%& 2(& 3BZVB7%& =:"* 3"1':* 1&5* F(."* 0.* K$"1'* 9+"$(/1&* >('("%%& ^);& f<1=D& W">C<P&0<+*)( iQQ,O)&Q<1&^"#,<>"F&N#"#,*#,O*&345BB7%&^),?GR<+1G<<C&N#"#,*#,O*D&^);,>?#<>&e"1C%&"E",F"RF)& Q1<PD&G##@D__;;;(>),?GR<+1G<<C(*#"#,*#,O*(?<E(+=_C,**)P,>"#,<>_:)"CX"#"*)#:,*#(C<g" jA/RjVK5U6K6/Oj^);,>?#<>/CjBU/?jV66VTKK/,jB55BhB556hB564/Pj5/1jB/*j B6ZUZVTKKTVA6/)>OjB/C<P",>JCjVB&Y"OO)**)C&4U&b)R&45BU[(

N+>F)$%&I(&3455T7%&W)F"#,<>"F&-O<><P,O&d)<?1"@G$D&I"1#,"F&8>C)1*#">C,>?&<1&"& ^);&I"1"C,?Pg%&9F"1=&8>,E)1*,#$%&TU&3B7%&BH4V( M<>=,**%&b(&345BU7%&>('("%*@4*3"%()&2*=:"*G0/(1-*F(."*0.*E$@1&*M0$+;&9"PR1,C?)D& I<F,#$&I1)**( 81R">&M"*=&b<1O)&3455K7%&=0D1$5%*1*%'$0&)*,$@1&*$"&1(%%1&/"%&"E",F"RF)&Q1<PD&& JVVR YYY WTDCPVCUMHQTEG QTI 76(AÆ’PCNATGRQTV RFH =CEEGUUGF /CT ? eG,#)G)"C%& 9(& 3455T7%& =:"* 5"&%('4* 5"@1'"2* 9* #"$%0&1-* 6("DN& :<>C<>D& -"*#& MG"P)*&0<+*,>?&d1<+@( l<<@F"& 345B67%& I1<@)1#$& #<& 1)>#& ,>& -F)@G">#& ">C& 9"*#F)%& "E",F"RF)& Q1<PD& & G##@D__;;;(\<<@F"(O<(+=_#<H1)>#_@1<@)1#$_)F)@G">#H">C& O"*#F)_g& ,>OF+C)a1)>#)Cj& Q"F*)/,>OF+C)a& 1)#,1)P)>#a& G<P)*j#1+)/& ,>OF+C)a*G"1)Ca "OO<PP<C"#,<>j#1+)&Y"OO)**)C&U&X)O&45B6[(

$%&'()*+'&#,$')+

!)1?G"+*)1HI<>#%& J(%& /& 0"+@#%& I(& 3455K7%& LMG)& N@"O)P"#)D& C)>*,#$& ">C& #G)& #$@<P<1@G<F<?$&<Q&#G)&+1R">&Q"R1,OS%&70$5(/*80,$&1-*0.*9$/:('"/',$1-*!"%"1$/:;& BT&3U7%&KKHVT(

i1C,>">O)& N+1E)$& 345B67%& -F)@G">#/9"*#F)& '"@%& "E",F"RF)& Q1<PD& G##@D__ C,?,P"@()C,>"("O(+=_1<"P_<*&Y"OO)**)C&BB&^<E&45B6[(

!"#

!"##$%&'(%&!)*+**,%&-(%&'""#%&.(&/&0"1#*%&2(&345567%&!"#$"%"&'(&)*+,-'(.,&/'(0&1-* /('("%2* 3"&%('4* 1&5* 5(6"$%('4* (&* %#1/"* 1&5* '(+"%& 89:& ;<1=,>?& @"@)1& *)1,)*%& @"@)1&AB%&:<>C<>D&8>,E)1*,#$&9<FF)?)&:<>C<>(




(0'$%&*6/#/."&/4&17*&7,.7&310**1 !"#$%&'(#)*#*"&+&$,-,%.&.(/&+&0*.,%$&)*01$2$1,&+&3/',$&0$4,5


2(0%+4$*02+(

!"#$%&#'"()'#*&+,%-"./%""0#("11&/(+)'#)/&)2#2.(%#)2#%+,%# UVTGGVU ECP DG TGCF CU HWNÆ’NNKPI VJG TQNG QH C EQPVGORQTCT[ CIQTC C NQECN RWDNKE EGPVTG HQT EWNVWTCN UQEKCN CPF GEQPQOKE GZRTGUUKQPU VQ DG OCFG CPF TGCNKUGF VJTQWIJ C PWODGT QH RJ[UKECN CPF U[ODQNKE OGCPU 9CNYQTVJ 4QCF KU CP GZCORNG QH UWEJ C UVTGGV 6JG TGNCVKQPUJKR DGVYGGP VJG EQOOGTEKCN CPF UQEKCN TGCNOU KU HWUGF VQIGVJGT HQTOKPI C EQ FGRGPFCPV CPF OWVWCNN[ KPHNWGPVKCN DQPF +P VJG HCEG QH GEQPQOKE EJCNNGPIGU VJG UVTGGVŨU CDKNKV[ VQ CFCRV CPF OQTRJ KPVQ C OQTG TGUKNKGPV XGTUKQP QH KVUGNH KU YJCV JCU CNNQYGF KV VQ DGEQOG CP KORQTVCPV TGUQWTEG HQT NQECN TGUKFGPVU *QYGXGT FGURKVG VJG UVTGGVŨU RTGXKQWU CDKNKV[ VQ UWTXKXG UGXGTCN TGKVGTCVKQPU QH GEQPQOKE EJCPIG VJG TGIGPGTCVKQP QH 'NGRJCPV %CUVNG CEVU CU CP KTTGIWNCT HQTEG FKUTWRVKPI VJG F[PCOKEU DGVYGGP RCVVGTPU QH FKHHGTGPEG KP VJG NQECN UQEKCN NCPFUECRG 6JG SWGUVKQPU QH JQY VJKU UVTGGV YKNN DG CHHGEVGF CPF JQY KV YKNN CFCRV KP TGCEVKQP VQ VJKU PGY HQTEG HQTO VJG RTGOKUG QH VJKU RTQLGEV

NQECNKV[ŨU FKXGTUG RQRWNCVKQP 4GXKGYKPI VJG CTGCŨU NCVGUV EGPUWU FCVC UJQYU C TGRTGUGPVCVKQP QH UGXGTCN CIG ITQWRU PCVKQPCNKVKGU UQEKQ GEQPQOKE NGXGNU CPF GFWECVKQPCN SWCNKÆ’ECVKQPU ETGCVKPI C TKEJ UQEKCN VCRGUVT[ 6JG OWNVKVWFG QH KPVGTCEVKQPU RGTHQTOGF D[ VJGUG FKHHGTGPV ITQWRU QP VJG JKIJ UVTGGV YGCXG C EQORNGZ PGVYQTM QH GZEJCPIGU QT WTDCP OKETQ GEQU[UVGOU 9G WUG VJG EQPEGRVWCNKUCVKQP QH VJG WTDCP GEQU[UVGO CU C YC[ KP YJKEJ VQ DGVVGT KOCIKPG JQY VJG PGY KPEQOKPI RQRWNCVKQP CU C TGUWNV QH VJG TGIGPGTCVKQP RNCP YKNN CHHGEV VJG DCNCPEG QH VJGUG U[UVGOU (QT UQOG VJG TGIGPGTCVKQP RNCP KU GUUGPVKCNN[ C HQTO QH ŧUQEKCN ENGCPUKPIŨ TGRNCEKPI VJG CTGCŨU NCTIG NQY KPEQOG RQRWNCVKQP YKVJ YGCNVJKGT UQEKCN ENCUUGU 2JKND[ +P VJKU EQPVGZV VJG JKIJ UVTGGV DGEQOGU C DCVVNGITQWPF WRQP YJKEJ UQEKCN EWNVWTCN CPF GEQPQOKE DQWPFCTKGU OC[ DG FTCYP KP NKIJV QH EQORGVKVKQP DGVYGGP FKHHGTGPV ITQWRU *QYGXGT YKVJ CUUKUVCPEG YG DGNKGXG KV KU RQUUKDNG HQT VJG JKIJ UVTGGV VQ EQPVKPWG VQ CFCRV CPF OQTRJ VQ UGTXG CU C TGUQWTEG HQT DQVJ GZKUVKPI CPF KPEQOKPI RQRWNCVKQPU 6JTQWIJ C RTQEGUU QH EQORCVKDKNKV[ VJKU RTQLGEV CKOU VQ FGOQPUVTCVG JQY UQEKCN CPF EQOOGTEKCN FKXGTUKV[ ECP DG OCKPVCKPGF QP VJG JKIJ UVTGGV 'PEQWTCIKPI C OWNVKVWFG QH YC[U KP YJKEJ FKHHGTGPV UQEKCN ITQWRU ECP GPICIG YKVJ VJG JKIJ UVTGGV KU JQY YG GPXKUKQP VJG TGUQWTEGHWN EKV[

9CNYQTVJ 4QCF KU QPG QH 'NGRJCPV %CUVNGŨU RTQOKPGPV EQOOGTEKCN CTGCU EQORTKUKPI QH 'CUV 5VTGGV /CTMGV #TPUKFG 5VTGGV 9GUVOQTGNCPF 4QCF CPF ,QJP 4WUMKP 5VTGGV (KI 5WRRQTVGF D[ C EQPUVCPV HNQY QH XGJKEWNCT VTCHÆ’E QPG QH VJG UVTGGVŨU FGÆ’PKVKXG EJCTCEVGTKUVKEU KU KVU NCTIG ENWUVGTKPI QH UOCNN KPFGRGPFGPV UJQRU ECVGTKPI VQ VJG PGGFU QH VJG /567#89#:#,;<=#>?@#A;B 9CNYQTVJ 4QCF UVCPFU QWV KP KVU JKPVGTNCPF CU C FKUVKPEV EWNVWTCN UQEKCN GEQPQOKE JKIJ UVTGGV 5JQRRKPI %GPVTG

#4

##% #D# #-# 0#+ #(#

##E

% #1###

#'# %

0WTUGT[ 4QY 2CTM

#%#0

5.''&*2#6)/0

3+($"/+)#4)/0&*2

#+ #,#C C#'

D#) #(# (#2 #(

*G[ICVG 'UVCVG

'NGRJCPV %CUVNG 2$)$+"*2

#4

5V /CT[ŨU %JWTEJ[CTF

#3#0 )#'

#0

###3

(CTCFC[ )CTFGPU

#[NGUDWT[ 'UVCVG

%QOOGTEKCN

2CUNG[ 2CTM

/KZGF 7UG

/KEJGCN (CTCFC[ )CTFGPU #+

'#,

$TCPFQP 'UVCVG

4GUKFGPVKCN

% .### # (# #&#'

#'#4

$WTIGUU 2CTM

2NCEG QH 9QTUJKR %KXKE #OGPKVKGU

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

.GKUWTG %GPVTG

(#)#C###D#)#(#0###%#4

'FWECVKQP )TGGP 5RCEGU

!"#

7PKXGTUKV[ QH VJG #TVU 7"*0"*


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

6JTQWIJ VJG RJ[UKECN HNGZKDKNKV[ QH UJQRU DWUKPGUU OCTMGVKPI UVTCVGIKGU CTG CDNG VQ OCPKHGUV KP C YKFGT TCPIG QH HQTOU QHHGTKPI JKIJN[ EWUVQOKUGF UGTXKEGU VJCV SWKEMN[ CFCRV VQ VJG PGGFU QH NQECNU 'ZCORNGU QH VJKU CTG HQWPF KP OCP[ QH VJG DGCWV[ UCNQPU YJGTG C RTQRTKGVQT JCKTFTGUUGT YQWNF UJCTG C URCEG YKVJ C RTQRTKGVQT PCKN CTVKUV 1VJGT UKOKNCT GZCORNGU YGTG HQWPF YJGTG ITQEGTU CNUQ RTQXKFGF OQPG[ VTCPUHGT UGTXKEGU CPF OQDKNG RJQPG UCNGU CPF UGTXKEKPI 9G HQWPF VJCV VJG UECNG QH UJQRU QP VJG UVTGGV YCU KPVTKPUKE KP CNNQYKPI HQT UJQRMGGRGTU VQ CFQRV OQTG ETGCVKXG UCNGU VGEJPKSWGU ETGCVKPI TGVCKN J[DTKFU CU C OGCPU HQT C UKPING UJQR VQ DTQCFGP VJGKT QHHGTKPI 0QV QPN[ FQGU VJKU CNNQY UJQRMGGRGTU VQ DGVVGT CFCRV VQ VJG EJCPIKPI PGGFU QH VJGKT EWUVQOGTU DWV CNUQ EQPVTKDWVGU VQ VJG F[PCOKUO CPF XKVCNKV[ QH VJKU JKIJ UVTGGV

/789#:;#<#0=>7?@A#BC?7@A#7DEFG@?E7CDB#BFFD#CD#5@AHCGEI#%C@J# 6JG UOCNN ITCKP CNNQYU HQT VJG HNGZKDNG WUG QH URCEG +P VJKU KOCIG YG UGG VJG UJQRU GZVGPFKPI QPVQ VJG HQQVRCVJ CEVKXGN[ GPICIKPI RGFGUVTKCPU 9G UGG KPVGTCEVKQPU VJTQWIJ RGQRNG YCKVKPI CV VJG DWU UVQR NQQMKPI VJTQWIJ UJQR YKPFQYU TGUKFGPVU NQQMKPI FQYPYCTF QPVQ VJG UVTGGV

#RCTVOGPV

'ZVGPFGF 5JQR $WU 5VQR

5JQR

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

5JQR

5VTGGV %TQUUKPI


5RGEKCNV[ UJQRU

/WNVK EWNVWTCN FKXGTUKV[

4GUVCWTCPVU $CTU 8CECPV 1VJGT )TQEGTKGU 'CUV 5VGGV /CTMGV UVCNNU $%&'(#)*+,+-.#+/#01)#12-1#30%))0

(CUJKQP /QPG[ *QWUG *QOGYCTGU *GCNVJ 'NGEVTQPKEU 8CTKQWU /KZGF %QOOWPKV[

/456#"7#8#39:;#<=;>? /CR UJQYKPI VJG FKXGTUKV[ QH UJQRU QP 9CNYQTVJ 4QCF DCUGF QP VJG WUG UGTXKEG VJG[ RTQXKFG

*KUVQTKE DWKNFKPIU

!"#

*CKT $GCWV[


2(0)%45)6)(5)(*. 1WT QDUGTXCVKQPCN CPCN[UKU VCMGP QXGT OWNVKRNG UKVG XKUKVU TGXGCNGF CP KPVGT FGRGPFGPV TGNCVKQPUJKR DGVYGGP UOCNN KPFGRGPFGPV UJQRU CPF NCTIG TGVCKN EJCKPU (KI # EQPEGPVTCVKQP QH VJGUG UVQTGU CV VJG KPVGTUGEVKQP QH 9CNYQTVJ 4QCF CPF 'CUV 5VTGGV EQODKPGF YKVJ VJGKT RTQZKOKV[ VQ DWU UVQRU ETGCVGU C FGPUG RCVVGTP QH UQEKCN KPVGTCEVKQPU (KI

0QY KH EKVKGU CTG CU VJG[ YGTG CNYC[U UCKF VQ DG ŧOGEJCPKUOU HQT IGPGTCVKPI EQPVCEVŨ VJGP VJKU OGCPU VJCV UQOG NQECVKQPU JCXG OQTG RQVGPVKCNU VJCP QVJGTU DGECWUG VJG[ JCXG OQTG D[ RTQFWEV CPF VJKU YKNN FGRGPF QP VJG UVTWEVWTG QH VJG ITKF CPF JQY VJG[ TGNCVG VQ KV 5WEJ NQECVKQPU YKNN VJGTGHQTG VGPF VQ VCMG CFXCPVCIG QH VJKU CPF JKIJGT FGPUKVKGU YKNN KP VWTP JCXG C OWNVKRNKGT GHHGEV *KNNKGT

6JKU CIINQOGTCVKQP QH FGUVKPCVKQP TGVCKN EQODKPGF YKVJ KVU NQECVKQP ETGCVGU YJCV $KNN *KNNKGT TGHGTU VQ CU VJG OWNVKRNKGT GHHGEV YJGTGD[ EGTVCKP NQECVKQPU JCXG OQTG RQVGPVKCN VJCP QVJGTU CPF VJWU UWEJ NQECVKQPU ECP VCMG CFXCPVCIG QH VJKU D[ HQTOKPI JKIJGT FGPUKVKGU

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/789#:;#<#2=>?@AB>7C=D#A=E#7=>?@4E?F?=E?=B7?D 6JKU KPVGPUG PQFG QH UQEKCN GZEJCPIGU OCMGU VJG LWPEVKQP CP KORQTVCPV RCTV QH 9CNYQTVJ 4QCF /789#:G#<#HAIJC@>K#%CAE#A=E#)AD>#3>@??>#LM=B>7C= # RNCP QH VJG LWPEVKQP RNQVVKPI QWV VJG NQECVKQP QH RGQRNG QP VJG UVTGGV JKIJNKIJVKPI VJG CEVKXG URQVU CTQWPF VJG OCTMGV VJG DWU UVQRU

:;

:G


)'30#30%))0#4'%5)0

6)4+-%'712*3

#U QPG QH .QPFQPŨU QNFGUV UVTGGV OCTMGVU GUV 'CUV 5VTGGV /CTMGV KU QPG QH 9CNYQTVJ 4QCFŨU OQUV RTQOKPGPV HGCVWTGU CPF KU HQPFN[ XKUKVGF D[ NQECNU CU YGNN CU XKUKVQTU HTQO CETQUU .QPFQP 5GNNKPI C XCTKGV[ QH CHHQTFCDNG IQQFU TCPIKPI HTQO HTGUJ RTQFWEG VQ ENQVJKPI (KI QP OCTMGV FC[U 'CUV 5VTGGV KU VJG EQOOGTEKCN CTGCŨU OQUV FGPUGN[ RQRWNCVGF CTGC CVVTCEVKPI C OKZ QH UJQRRGTU HTQO C TCPIG QH FKHHGTGPV UQEKCN DCEMITQWPFU

6JG NQECN RQRWNCVKQP UWTTQWPFKPI 9CNYQTVJ 4QCF EQPUKUVU QH RGQRNG HTQO C YKFG TCPIG QH UQEKCN DCEMITQWPFU #EEQTFKPI VQ VJG 'NGRJCPV %CUVNG 5WRRNGOGPVCT[ 2NCPPKPI &QEWOGPV DCUGNKPG KPHQTOCVKQP JKIJNKIJVU VJCV VJG CTGCŨU RQRWNCVKQP EQPUKUVGF QH C JKIJGT RQTVKQP QH [GCT QNFU EQORCTGF VQ VJG .QPFQP CXGTCIG QH VJG RQRWNCVKQP YGTG CIGF DGVYGGP [GCTU QNF YGTG CIGF DGVYGGP [GCTU YGTG CIGF DGVYGGP [GCTU CPF YGTG QXGT [GCTU QH CIG +V YCU CNUQ RTGFKEVGF VJCV VJGTG YQWNF DG C NCTIG RQRWNCVKQP KPETGCUG HQT VJQUG CIGF DGVYGGP [GCTU QH CIG 6JG VYQ OQUV RQRWNQWU GVJPKE ITQWRU YGTG ŧ9JKVG $TKVKUJŨ CPF ŧ$NCEM QT $NCEM $TKVKUJ #HTKECP Ũ 6JG OCLQTKV[ QH TGUKFGPVU CTG QH %JTKUVKCP HCKVJ YKVJ VJG PGZV NCTIGUV ITQWR EKVKPI PQ TGNKIKQP 6JG UGEQPF NCTIGUV HCKVJ CHVGT %JTKUVKCPKV[ YCU +UNCO CV CP CXGTCIG QH QH VJG RQRWNCVKQP

/CTMGV UVCNNU VJGOUGNXGU QHHGT C JKIJN[ HNGZKDNG CPF CHHQTFCDNG OGCPU HQT GPVTGRTGPGWTU VQ GUVCDNKUJ VJGKT UOCNN DWUKPGUUGU UQOGVKOGU CEVKPI CU CP GUUGPVKCN UVGRRKPI UVQPG RTKQT VQ GZRCPFKPI VJGKT DWUKPGUU KPVQ C UOCNN UJQR VGPCPE[ (QT UQOG VJGUG OCTMGV UVCNNU RTQXKFG C VTCPUKGPV OGCPU DGHQTG GZRCPFKPI VJGKT DWUKPGUU HQT QVJGTU VJG[ UGTXG CU C RGTOCPGPV RNCVHQTO WRQP YJKEJ VQ UGNN C UCORNG QH VJGKT IQQFU *QYGXGT CNVJQWIJ VJG OCTMGV RTQXKFGU OCP[ DGPGÆ’VU KVU RQVGPVKCN KU PQV OCZKOKUGF CU PGCTN[ QH VJG UVCNNU CTG EWTTGPVN[ XCECPV

#P KORQTVCPV RQKPV VQ JKIJNKIJV KP TGICTFU VQ VJG CTGCŨU FGOQITCRJKEU KU VJG UVTQPI RTGUGPEG QH C FKXGTUG OKITCPV RQRWNCVKQP +P *CNN UWTXG[GF QH 9CNYQTVJ 4QCFŨU KPFGRGPFGPV TGVCKNGTU Æ’PFKPI VJCV VJGTG YGTG EQWPVTKGU QH QTKIKP DGVYGGP VJGO 6JKU TGHNGEVU VJG DTGCFVJ QH GVJPKE DCEMITQWPFU RTGUGPV KP 'NGRJCPV %CUVNGŨU JKPVGTNCPF +P VJG RCUV 9CNYQTVJ 4QCF JCU DGGP CDNG VQ GPFWTG VJTQWIJ UGXGTCN RGTKQFU QH GEQPQOKE EJCPIG FWG VQ KVU URCVKCN HNGZKDKNKV[ XCTKGV[ KP UJQR V[RQNQIKGU JKIJ FGPUKV[ QH KPVGTCEVKQPU CPF TQNG CU C OCLQT VTCHÆ’E VJQTQWIJHCTG 6JG HQNNQYKPI UGEVKQP JKIJNKIJVU VJG OCKP KUUWGU YG DGNKGXG YKNN CHHGEV VJG UQEKCN DCNCPEG QH VJG JKIJ UVTGGV

6TKPMGVU 5VCNN

&KUEQWPVGF %NQVJKPI 5VCNN

(TGUJ (TWKV 8GIGVCDNG 5VCNN

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/89:#;!#<#)=>?#3?@AA?#4=@BA?#>?=CC> 6JGUG KOCIGU UJQY C XCTKGV[ QH UVCNNU VJCV CTG EWTTGPVN[ RTGUGPV KP VJG OCTMGV


01)#233$)3 4+,202*',#'(5#)*+(+62*#/+%*)3 # PWODGT QH RQNKVKECN CPF GEQPQOKE HQTEGU JCXG KPHNWGPEGF VJG VGTOU CPF EQPFKVKQPU QH VJG TGIGPGTCVKQP RNCP (KI 6JKU JKUVQTKECNN[ YQTMKPI ENCUU CTGC UKVU COQPIUV .QPFQPŨU OQUV FGRTKXGF YCTFU YJKEJ YCU QPG QH VJG OCKP HCEVQTU VJCV NGF VQ VJG UKVG DGKPI OCTMGF HQT TGIGPGTCVKQP $CUGF QP VJG IQXGTPOGPVŨU +PFKECVQTU QH /WNVKRNG &GRTKXCVKQP EQORTKUKPI QH KPEQOG GORNQ[OGPV JGCNVJ FKUCDKNKV[ GFWECVKQP JQWUKPI CPF ETKOG KPFGZGU OCP[ CTGCU KP VJG FGXGNQROGPV UKVG RCTVKEWNCTN[ VQ VJG GCUV QH 9CNYQTVJ 4QCF TCPM KP VJG JKIJGUV QH OQUV FGRTKXGF CTGCU KP VJG EQWPVT[ KP &GRV HQT %QOOWPKVKGU CPF .QECN )QXGTPOGPV

%QPVKPWKPI DWFIGV EWVU CPF VJG OQWPVKPI EQUV QH OCKPVCKPKPI RWDNKE JQWUKPI GUVCVGU KU CPQVJGT HCEVQT VJCV NGF 5QWVJYCTM %QWPEKN VQ UGNN VJG *G[ICVG 'UVCVG RGTOCPGPVN[ FKURNCEKPI KVU HQTOGT TGUKFGPVU 5QWVJYCTM %QWPEKNŨU $WFIGV P F +P QTFGT VQ HWPF VJKU RTQLGEV DCUGF TGIGPGTCVKQP 5QWVJYCTM GPNKUVGF .GPF .GCUG CU VJGKT RTKXCVG FGXGNQROGPV RCTVPGT 6JGUG CEVKQPU YGTG OGV YKVJ ETKVKEKUOU HTQO NQECN TGUKFGPVU YJQ HGGN CU VJQWIJ VJG EQWPEKN KU KPFWEKPI UQEKCN ENGCPUKPI KP VJG CTGC CPF SWGUVKQPKPI YJQUG KPVGTGUVU VJG TGIGPGTCVKQP UEJGOG KU CKOGF VQ UGTXG 2JKND[ (KI

/789#:;#<#,=>?@#ABCD7EBCDA )TCÆ’VVK FTCYP QP VJG YCNNU QH *G[ICVG 'UVCVG GZRTGUUKPI VJG UGPVKOGPVU QH VJG TGUKFGPVU VQYCTFU VJG TGIGPGTCVKQP /789#:F#<#)@BGH?CD#I#*?AD@B#%B8BCBJ?D7=C#'JB? 6JG OWNVKRNG CTGCU JKINKIJVGF JCXG DGGP KFGPVKÆ’GF WPFGT VJG TGIGPGTCVKQP RNCP YJKEJ KU NGF D[ VJG FGXGNQROGPV Æ’TO .GPF .GCUG 5QWVJYCTM %QWPEKN +GG=JDMC7DN#'JB? *=JB#'JB? 3H=GG7C8#*BCDJB +CB#DHB#)@BGH?CD

0J7KB>?#3LM?JB 1BN8?DB

,B7AMJB#*BCDJB

0J?O?@8?J#4@?>B 3DBBPE?C#3DJBBD

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

3DB?P#3DJBBD

:;

:F


(+456789

0GY 7PKVU 0GY 4GUKFGPVU

678!56767

0GY 7PKVU 0GY 4GUKFGPVU

676856769

0GY 7PKVU 0GY 4GUKFGPVU

676!# :;<=>?@

0GY 7PKVU 0GY 4GUKFGPVU

/BCD#7E#F#/GHG>I#J:G@B;C#?IKIL:MNI;H@ 6JG PGY FGXGNQROGPVU YKNN CFF PGY JQWUKPI WPKVU QXGT VJG PGZV [GCTU K G C PGV KPETGCUG QH WPKVU

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

#RRTQZ CFFKVKQPCN RQRWNCVKQP D[ #RRTQZ VQVCN RQRWNCVKQP D[

5QWTEG %GPUWU &CVC

!"#

A+A$,'02+( %WTTGPV 6QVCN 2QRWNCVKQP .KXKPI KP 5QEKCN 4GPVGF RTQRGTVKGU .KXKPI KP 2TKXCVGN[ TGPVGF RTQRGTVKGU .KXKPI KP 2WTEJCUGF RTQRGTVKGU


$%&'(#)*+,+-.#+/#01)#12-1#30%))0 !"#

6234,'*)7)(0

4+*5)023'02+(

&WG VQ VJG CTGCŨ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

.QPFQP $QTQWIJ QH 5QWVJYCTM *QYGXGT VJGUG TGPVCN RTKEGU YQWNF UVKNN DG FGGOGF WPCHHQTFCDNG HQT VJG OCLQTKV[ QH *G[ICVGŨU HQTOGT NQY KPEQOG TGUKFGPVU 9KNGU (QT GZCORNG C DGFTQQO CRCTVOGPV QP #OGNKC 5VTGGV EWTTGPVN[ EQUVU c RGT YGGM VQ TGPV CEEQTFKPI VQ 4KIJVOQXG CP QPNKPG TGCN GUVCVG EQORCP[ #V VJG TGFWEGF TCVG QH VJG TGPVCN RTKEG YQWNF GSWCVG VQ C UVCIIGTKPI c RGT YGGM HCT VQQ GZRGPUKXG HQT C NQY KPEQOG HCOKN[ GCTPKPI c RGT [GCT VQ CHHQTF +H 5QWVJYCTM EQWPEKN YGTG VQ EQPVKPWG UGNNKPI QHH EQWPEKN QYPGF JQWUKPI GUVCVGU VQ RTKXCVG FGXGNQRGTU VJKU YQWNF TGUWNV KP C FTCUVKE UJKHV KP FGOQITCRJKEU VJTQWIJ VJG HQTEKDNG FKURNCEGOGPV QH C NCTIG RQRWNCVKQP QH GZKUVKPI NQY KPEQOG VGPCPVU

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ŧYJGP FKUGPICIGOGPV KU EQWRNGF YKVJ EQPVGUVCVKQPU QXGT URCEG FQGU KV VWTP KPVQ VGPUKQP Ų KUUWGU UWTTQWPFKPI EQORGVKVKQP QXGT TGUQWTEGU UWEJ CU JQWUKPI ECP HWGN ITQWR CPKOQUKVKGU CPF VGPUKQPUŨ 9GUUGPFQTH

0QV QPN[ YKNN VJG TGIGPGTCVKQP RNCP CHHGEV VJG GZKUVKPI UQEKCN OCMG WR QH VJG CTGC DWV KV YKNN CNUQ VTCPUHQTO VJG RJ[UKECN CRRGCTCPEG CPF GZRGTKGPEG QH VJG JKIJ UVTGGV 6JG OCTMGVKPI KOCIGT[ HQT VJG PGY *G[ICVG FGXGNQROGPV FGRKEVU WROCTMGV JQWUKPI UGTXKEGF D[ ITQWPF HNQQT TGVCKN UWRRQTVKPI VJG KPVGTGUVU QH C OKFFNG ENCUU ENKGPVGNG (KI 6JQWIJ KV YKNN DG UKVWCVGF CNQPI VJG PQTVJ QH 9CNYQTVJ 4QCF VJGUG KOCIGU DGCT PQ TGUGODNCPEG VQ VJG XCTKGICVGF CRRGCTCPEG QH VJG UVTGGVŨU GZKUVKPI UVTGGV EJCTCEVGT +PUVGCF VJG PGY UVTGGVUECRG FGRKEVU OCPKEWTGF RGFGUVTKCP RCVJU CPF YKFG JKIJN[ VTCPURCTGPV UJQR HTQPVU UWIIGUVKPI VGPCPEKGU CRRTQRTKCVG HQT NCTIG TGVCKN EJCKPU 6JQWIJ KP CPCN[UKPI VJG GHHGEVU QH TGIGPGTCVKQP YG CTG NGUU EQPEGTPGF YKVJ JQY KV YQWNF CHHGEV VJG UVTGGVŨU RJ[UKECN CRRGCTCPEG CPF OQTG KPVGTGUVGF KP WPFGTUVCPFKPI JQY KV YKNN CHHGEV NQECN UQEKCN F[PCOKEU QP VJG JKIJ UVTGGV

*QYGXGT KP QWT UKVG CPCN[UKU YG CNUQ HQWPF GXKFGPEG QH GZKUVKPI RQEMGVKUCVKQP QEEWTTKPI KP CTGCU VQYCTFU VJG UQWVJGTP GPF QH 9CNYQTVJ 4QCF CPF VJG HCT GCUVGTP UKFG QH 'CUV 5VTGGV +P VJGUG RQEMGVU YG QDUGTXGF FKUVKPEVN[ NQYGT PWODGTU QH UJQRRGTU CPF JKIJGT PWODGTU QH GORV[ VGPCPEKGU 7RQP XKUKVKPI VJGUG CTGCU VQ EQNNGEV KPHQTOCVKQP YG YGTG EQPUKUVGPVN[ OGV YKVJ UWURKEKQP HTQO UJQRMGGRGTU 2QEMGVKUCVKQP CU RTQEGUU FGXGNQRU QWV QH EQPFKVKQPU QH OCTMGF EQPVTCUVU QT FKHHGTGPEGU DGVYGGP FKURCTCVG UQEKCN ITQWRU VJCV CTG XKGYGF PGICVKXGN[ D[ CV NGCUV QPG ITQWR 5WEJ RQEMGVU OWUV DG CFFTGUUGF KP QTFGT VQ YKFGP RGQRNGŨU CEEGUUKDKNKV[ VQ C NCTIGT XCTKGV[ QH TGUQWTEGU YJGVJGT KV DG VJG *G[ICVG FGXGNQROGPVŨU QWVFQQT NCPFUECRGU QT UJQRU CNQPI VJG DQVVQO QH 9CNYQTVJ 4QCF

/89:#;<#=#/>?>@A#BACADEFGAH?I#J#BAI89H#F@EFEIKDI 6JG KOCIG QP VJG NGHV FGRKEVU HWVWTG FGXGNQROGPV 6TCHCNICT 2NCEG CPF VJG KOCIG QP VJG TKIJV FGRKEVU CP CTVKUVŨU KORTGUUKQP QH UVTGGV CEVKXKV[ CNQPI 9CNYQTVJ 4QCF FGUKIPGF CU RCTV QH VJG HWVWTG *G[ICVG FGXGNQROGPV 5QWTEG .GPF .GCUG


!"

!" *G[ICVG 'UVCVG CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP

!$

!% !&

!"#$%&'(%'(#% !# 9CNYQTVJ 4QCF CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP

!#

!'

!(

!& 2QNKEG (QTGPUKEU .CDQTCVQT[ CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP

#$%&'"()*+*,-"*."/0("01,0"2/$((/

!% 9CNYQTVJ 4QCF CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP

!)

!!"

!$ -YKM (KV CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP


423'55)'%'(*)#+/#/2()#-%'2( 6JG ITQYKPI PWODGT QH OKFFNG ENCUU PGYEQOGTU YKNN NGCF VQ !"#$"%&'!(')#)'*!")#+&,*#&'-!$.#%/!$"(#+,&#.!&0'#-'"!"%$'(# CNQPI 9CNYQTVJ 4QCF EQPUGSWGPVN[ VJTGCVGPKPI VJG GZKUVGPEG QH Æ’PG ITCKP TGVCKN # PWODGT QH RTQRGTVKGU CNQPI 9CNYQTVJ 4QCF CTG CNTGCF[ OCTMGF HQT FGOQNKVKQP CPF YKNN DG TGDWKNV CU CRCTVOGPV EQORNGZGU (KI +V KU NKMGN[ VJCV VJGKT ITQWPF HNQQT VGPCPEKGU YKNN DG FGUKIPGF VQ OGGV VJG PGGFU QH C NCTIG OQTG TQDWUV TGVCKNGTU KPUVGCF QH OWNVKRNG UOCNN KPFGRGPFGPV UJQRU

+P GZRNQTKPI VJG PWCPEGU QH KUUWGU HCEKPI VJKU JKIJ UVTGGV YG CTG EQPEGTPGF YKVJ JQY VJG TGIGPGTCVKQP RNCP YKNN CORNKH[ VJG CNTGCF[ GZKUVKPI UKIPU QH IGPVTKÆ’ECVKQP KP VJG CTGC CPF EQPUGSWGPVN[ JQY VJKU YKNN CHHGEV VJG UVTGGVŨU GZKUVKPI UQEKCN CPF EWNVWTCN RCVVGTPU

#NVJQWIJ KP RCUV FGECFGU VJG 9CNYQTVJ 4QCF EQOOGTEKCN CTGC JCU FKURNC[GF CP CDKNKV[ VQ CFCRV VQ C UGTKGU QH GEQPQOKE EJCPIGU VJG TGIGPGTCVKQP RNCP RTGUGPVU KVUGNH CU C FKHHGTGPV MKPF HQT EJCNNGPIG QPG VJCV YKNN SWKEMGP VJG GHHGEVU QH OCTMGV HQTEGU NGCFKPI VQ FTCOCVKE GHHGEVU QP VJG JKIJ UVTGGV 6JKU CEEGNGTCVGF RTQEGUU YKNN KP VWTP CHHGEV VJG NKXGNKJQQFU QH GZKUVKPI NQECNU CPF WPUWUVCKPCDN[ TGEQPÆ’IWTG VJG DCNCPEG DGVYGGP FKHHGTGPV UQEKCN ITQWRU

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/678#99#:#/;<;=>#?>@>ABCD>E<F#BE#GHAIB=<J#%BH? 6JKU FKCITCO OCRU QWV VJG CRRTQXGF FGXGNQROGPVU YJKEJ CTG RNCPPGF HQT EQPUVTWEVKQP QXGT VJG VJG PGZV [GCTU

!#

%JCVGNCKPG *QWUG CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP

!"

9CNYQTVJ 4QCF CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP

!$

9CNYQTVJ 4QCF CRCTVOGPVU VQ DG EQORNGVGF DGVYGGP


01)#3$%424',#+/#01)#/200)30 $%&'(#)*+,+-.

9G WPFGTUVCPF VJG KPJGTGPV KPVGTFGRGPFGPEKGU DGVYGGP VJG JKIJ UVTGGVŨU FKHHGTGPV CEVQTU CPF GPVKVKGU KP VJKU YC[ KFGPVKH[KPI VJG GPVKTG CTGC CU C EQJGUKXG GEQU[UVGO 'EQU[UVGOU ECP DG FGÆ’PGF CU CP ŧQDLGEV VJCV KU OCFG WR QH UWDU[UVGOU QT EQORQPGPVU YJKEJ KPVGTCEV KP UWEJ C YC[ VJCV VJG[ JCXG EQNNGEVKXGN[ C TGEQIPKUCDNG YJQNGPGUUŨ )QNNG[ 1P 9CNYQTVJ 4QCF VJGUG CEVQTU CPF GPVKVKGU KPENWFGF UVQTGHTQPVU XGPFQTU UVCNN JQNFGTU RGFGUVTKCPU DWU UVQRU #6/ OCEJKPGU RWDNKE URCEGU XKUKVQTU VQ VJG CTGC CPF NQECN UJQRRGTU CNN QH YJKEJ CTG HWPFCOGPVCN CURGEVU QH VJG !"#!$ %&'((&$ &!)&$ )'($ "*&('+,**(+&(-$ )*-$ +,*&'"./&($ &,$ &!($ UVTGGVŨU XKVCNKV[ 5QOG CURGEVU QH VJG VJGQT[ CTG TQQVGF KP VJG RTKPEKRNGU QH &CTYKPKUO CPF JKU DGNKGH KP ŧUWTXKXCN QH VJG Æ’VVGUVŨ YJKEJ KP VJKU UGPUG FGUETKDGU EQORGVKVKQP DGVYGGP UQEKCN ITQWRU

6KDDGVVU CPF *GOOGPU 5KOKNCT NQIKE UGGOU VQ JCXG DGGP CEEGRVGF D[ OCP[ EKV[ RNCPPGTU WPFGTUVQQF UKORN[ CU C EQPUGSWGPEG QH OCTMGV HQTEGU CPF WPFGTOKPKPI VJG KORQTVCPEG QH UWUVCKPKPI C UQEKCN DCNCPEG DGVYGGP FKHHGTGPV ITQWRU YKVJKP C PGKIJDQWTJQQF +V KU EQOOQP VJCV KP IGPVTKÆ’GF PGKIJDQWTJQQFU CWVJQTKVKGU HCKN VQ EQPUKFGT

*QYGXGT YJGP GPICIKPI YKVJ WTDCP VJGQT[ CFJGTKPI VQQ TKIKFN[ VQ VJG %JKECIQ 5EJQQNŨU GZCEV FGÆ’PKVKQP QH WTDCP \QPGU QT RNCEKPI VQQ OWEJ KORQTVCPEG QP VJG OGVCRJQT KP IGPGTCN KU HNCYGF CPF ECP NGCF VQ QXGT CDUVTCEVKQP QT IGPGTCNKUCVKQP YJKEJ KU PQV CRRTQRTKCVG KP CP WTDCP EQPVGZV VJCV KU FKXGTUG CPF OWNVKNC[GTGF 9G WUG VJG EQPEGRV QH WTDCP GEQNQI[ KP VJTGG URGEKÆ’E YC[U (KTUV CU C HTCOGYQTM HQT WPFGTUVCPFKPI VJG KPVGTFGRGPFGPEG QH RGQRNG UJQRU CPF QVJGT MG[ CEVQTU CNQPI 9CNYQTVJ 4QCF CPF KP 'NGRJCPV %CUVNG VJKPMKPI QH QWT UVWF[ CTGC CU C EQJGUKXG GEQU[UVGO 5GEQPF KP TGNCVKQP VQ VJG GHHGEVU QH IGPVTKÆ’ECVKQP QWVUKFG VJG TGFGXGNQROGPV UKVG VJG GEQNQI[ EQPEGRV ECP JGNR KPHQTO QWT WPFGTUVCPFKPI QH EQORGVKVKQP DGVYGGP FKHHGTGPV UQEKCN ITQWRU (KPCNN[ YG ECP NGCTP HTQO VJG PCVWTCN YQTNF VJCV FKXGTUG GEQU[UVGOU CTG IGPGTCNN[ JGCNVJ[ CPF FWTCDNG YJKNG NGUU FKXGTUG GEQU[UVGOU YKVJ HGY URGEKGU QT OQPQEWNVWTGU CTG UWUEGRVKDNG VQ JCTOHWN GHHGEVU QH EJCPIG +P VJKU UGPUG YG CTG EQPEGTPGF YKVJ CNNQYKPI HQT QWT 9CNYQTVJ GEQU[UVGO VQ GZKUV KP C DCNCPEG VJCV CNNQYU HQT VJG GEQPQOKE CPF EWNVWTCN XKVCNKV[ QH VJG JKIJ UVTGGV VQ RGTUKUV KP VJG HCEG QH WTDCP TGPGYCN

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

6JG GEQNQI[ OGVCRJQT KU C WUGHWN VQQN VJCV ECP JGNR WU WPFGTUVCPF VJG EQORNGZKV[ QH VJG JKIJ UVTGGV 7TDCP GEQNQI[ ECP DG WUGF CU C VJGQTGVKECN OQFGN VQ FGUETKDG VJG URCVKCN TGNCVKQPUJKR DGVYGGP FKHHGTGPV UQEKCN UVTWEVWTGU KP EKVKGU Æ’TUV CFQRVGF D[ UQEKQNQIKUVU CV VJG 7PKXGTUKV[ QH %JKECIQ

VJG UKIPKÆ’ECPEG QH CEMPQYNGFIKPI VJG KPVGTGUVU QH NQY KPEQOG TGUKFGPVU #U C ITQWR VJGUG RGQRNG CPF VJGKT EWNVWTCN KFGPVKVKGU EQPPGEVGF VQ RNCEG CTG QHVGP XWNPGTCDNG VQ VJG WPHGVVGTGF HQTEGU QH WTDCP TGPGYCN +P VJG ECUG QH 9CNYQTVJ 4QCF KV KU KORQTVCPV HQT 5QWVJYCTM %QWPEKN VQ CEMPQYNGFIG VJG KPVGTGUVU QH KVU NGUU YGCNVJ[ TGUKFGPVU YJQ CTG WPFGT VJTGCV FWG VQ GEQPQOKE EQORGVKVKQP URWTTGF D[ VJG KPEQOKPI RQRWNCVKQP

!"#

'EQNQI[ ECP JGNR WU WPFGTUVCPF VJG EQORNGZKVKGU QH EKVKGU 5VGKPGT


+$%#4232+(#+/#01)#12-1#30%))0

5%+*)33#+/#*+65'02&2,20.

$[ CEJKGXKPI C DCNCPEG KP VJG TGRTGUGPVCVKQP QH PGGFU HQT FKHHGTGPV UQEKCN ITQWRU YG DGNKGXG VJCV VJG JKIJ UVTGGV ECP EQPVKPWG VQ VJTKXG CU C RWDNKE URCEG 6JTQWIJ GPEQWTCIKPI GEQPQOKE EWNVWTCN CPF UQEKCN FKXGTUKV[ VJG UVTGGV ECP FGXGNQR CP ŧGVJQU QH OKZKPIŲTGHGTTKPI VQ CP GZRGEVCVKQP VJCV KP RWDNKE CPF CUUQEKCVKQPCN URCEGU RGQRNG ŧUJQWNF OKZŨ CPF KPVGTCEV YKVJ VJGKT HGNNQY TGUKFGPVU QH QVJGT DCEMITQWPFUŨ 9GUUGPFQTH #NVJQWIJ 9GUUGPFQTH URGEKÆ’ECNN[ TGHGTU VQ UQEKCN CPF EWNVWTCN FKXGTUKV[ VJKU RTQLGEV TGEQIPKUGU VJG CFFGF KORQTVCPEG QH GPEQWTCIKPI FKXGTUKV[ KP VJG RJ[UKECN UGPUG QH VJG UVTGGV #U GCTNKGT OGPVKQPGF VJG FGUKIP QH UJQR URCEGU ECP DQVJ GPEQWTCIG QRRQTVWPKVKGU DWV CNUQ EQPUVTCKP CEEGUU HQT UJQRMGGRGTU 6JKU CHHGEVU JQY DQVJ UJQRMGGRGTU CPF EWUVQOGTU GPICIG YKVJ VJG URCEG CPF GCEJ QVJGT 7UKPI VJKU CTIWOGPV GORJCUKUKPI EQ FGRGPFGPE[ YG JKIJNKIJV VJG KORQTVCPEG QH URCVKCN FKXGTUKV[ CU DGKPI RCTVKEWNCTN[ KPHNWGPVKCN KP UJCRKPI UQEKCN FKXGTUKV[

+P QTFGT VQ GPEQWTCIG CPF OCKPVCKP FKXGTUKV[ YG DGNKGXG C RTQEGUU QH EQORCVKDKNKV[ ECP RTQXKFG C HTCOGYQTM VQ RTQOQVG UQEKCN GPICIGOGPV YKVJ VJG JKIJ UVTGGV

$CUGF QP VJGUG RTKPEKRNGU YG DGNKGXG VJCV VJG JKIJ UVTGGV UJQWNF RTQXKFG C XCTKGV[ QH URCEGU VQ CNNQY HQT FKHHGTGPV FGITGGU QH EQPVCEV CPF KPVGTCEVKQP DGVYGGP UQEKCN ITQWRU EQPUKUVKPI QH OCP[ CTGCU NKMG 'CUV 5VTGGV YJGTG OKZKPI KU C EQOOQPRNCEG QEEWTTGPEG (KI +P CTIWKPI CICKPUV JQOQIGPGKV[ CPF RQEMGVKUCVKQP YG TGEQIPKUG VJG KORQTVCPEG QH CNNQYKPI FKHHGTGPEGU VQ DG GZRTGUUGF VJTQWIJ GXGT[FC[ RTCEVKEGU YJKNG GPUWTKPI VJG[ FQ PQV DGEQOG GZENWUKQPCT[ D[ RTGXGPVKPI QVJGT ITQWRU HTQO RCTVKEKRCVKQP KP RCTVKEWNCT URCEGU .KXKPI KP UGRCTCVG YQTNFU KU CEEGRVCDNG VQ C FGITGG JQYGXGT KP QTFGT VQ ETGCVG C XKDTCPV JKIJ UVTGGV KV KU PGEGUUCT[ HQT HGNNQY TGUKFGPVU VQ ŧRCTVKEKRCVG KP QPG YC[ QT CPQVJGT KP CUUQEKCVKQPCN URCEGU QT KP VJG RWDNKE TGCNOŨ 9GUUGPFQTH $[ GPEQWTCIKPI FKXGTUKV[ YG DGNKGXG VJCV RGQRNG YKNN DGPGÆ’V D[ NGCTPKPI HTQO GCEJ QVJGT CNNQYKPI HQT VJG PWCPEGU QH FKHHGTGPEG VQ URCTM KPFKXKFWCNUŨ EWTKQUKV[ CPF KOCIKPCVKQP

6JG YC[ KP YJKEJ YG GPXKUCIG EQORCVKDKNKV[ KU FGXGNQRGF DG[QPF VJG UKORNG PQVKQP QH FKHHGTGPV GPVKVKGU EQ GZKUVKPI YKVJQWV EQPHNKEV +PUVGCF YG UGG EQORCVKDKNKV[ CU C RTQEGUU YJGTG XCTKGF UQEKCN ITQWRU GZKUV VQIGVJGT KP C OWVWCNN[ DGPGÆ’EKCN TGNCVKQPUJKR OCFG RQUUKDNG VJTQWIJ VJG GCUG CPF EQOHQTV QH EQOOWPKECVKQP 4CVJGT VJCP XKGYKPI EQORCVKDKNKV[ CU C UVCVKE GPF IQCN YG VJKPM QH EQORCVKDKNKV[ CU C RTQEGUU QH EQPUVCPV F[PCOKE CFCRVCVKQP 6JTQWIJ VJG OGVJQFU QH HCOKNKCTKV[ KPVTQFWEVKQP RCTVKEKRCVKQP CPF OKZKPI YG DGNKGXG VJG UVTGGV ECP EQPVKPWG VQ CFCRV VQ EJCPIGU DQVJ KP VJG UJQTV CPF NQPI VGTO VJWU CNNQYKPI HQT EQORCVKDKNKV[ VQ GZKUV 'ORJCUKUKPI VJG TQNG QH CFCRVKQP KP TGHTCOKPI EQORCVKDKNKV[ KU MG[ VQ WPFGTUVCPFKPI JQY VJKU EQPUVTWEV ECP DG WUGF CU C UQEKCN FGXKEG #U 5VGKPGT JKIJNKIJVU ŧCFCRVCVKQP RGTOKVU WU VQ DG TGUKNKGPV KP VJG HCEG QH EJCPIGŨ $[ CUUKUVKPI VJG WTDCP GEQU[UVGO VQ CFCRV YG CNNQY KV VQ DGEQOG OQTG FWTCDNG KP TGURQPUG VQ KTTGIWNCT HQTEGU QH EJCPIG UWEJ CU VJQUG DTQWIJV D[ VJG TGIGPGTCVKQP RNCP

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/789#:;#<#)=>?#3?@AA?#6=@BA? # VJTKXKPI OCTMGV YJGTG YG UGG KPVGTCEVKQP QH XCTKQWU UQEKCN ITQWRU KPENWFKPI DQVJ VJG NQECN TGUKFGPVU CPF XKUKVQTU


2(0)%9)(02+( 30%'0)-.#45#6+,2*.##%)*+77)(8'02+( 01)#6%)723)#/+%#*1'(-) +P QTFGT HQT VJG JKIJ UVTGGV VQ EQPVKPWG VQ RTQURGT YG DGNKGXG KV KU KORQTVCPV VQ OQPKVQT CPF RTQXKFG C IWKFKPI HTCOGYQTM VJCV YKNN GPCEV C RTQEGUU QH EQORCVKDKNKV[ VJWU CNNQYKPI HQT VJG UVTGGV VQ CFCRV VQ EJCNNGPIGU RQUGF D[ TGIGPGTCVKQP

+P QTFGT VQ UGV VJG HQWPFCVKQP HQT CFCRVCVKQP VQ QEEWT YG JCXG RTQRQUGF VJTGG RQNKE[ TGEQOOGPFCVKQPU #U VJG[ UGV VJG RTGOKUG HQT EJCPIG KV KU KORQTVCPV VJCV VJGUG CTG KORNGOGPVGF Æ’TUV

+P VJG HQNNQYKPI UGEVKQP YG RTGUGPV QWT RTQRQUGF IWKFKPI HTCOGYQTM CU VJTGG UVTCVGIKGU CKOGF CV RTQXKFKPI C JQNKUVKE CRRTQCEJ VQ KPKVKCVG C RTQEGUU QH EQORCVKDKNKV[ (KI 6JG Æ’TUV UVTCVGI[ KU C UGV QH RQNKE[ TGEQOOGPFCVKQPU VJCV RTQXKFG C HQWPFCVKQP HQT CFCRVCVKQP VQ QEEWT 6JG UGEQPF KU CP KPHQTOCVKXG UVTCVGI[ 6JTQWIJ C RTQEGUU QH KPETGCUGF CYCTGPGUU KVU CKO KU VQ CNNQY XKUKVQTU GZKUVKPI CPF PGY KPEQOKPI TGUKFGPVU CNKMG VQ HCOKNKCTKUG VJGOUGNXGU YKVJ GZKUVKPI CPF PGY CTGCU UWTTQWPFKPI 9CNYQTVJ 4QCF CPF 'NGRJCPV %CUVNG .CUVN[ QWT VJKTF UVTCVGI[ EQPUKUVU QH VJTGG RTQITCOOGU GCEJ CKOGF CV KPKVKCVKPI RTQEGUUGU QH KPVTQFWEVKQP OKZKPI CPF RCTVKEKRCVKQP

6JG Æ’TUV RQNKE[ TGEQOOGPFCVKQP UVCVGU VJCV NQECN EQWPEKN QYPGF JQWUKPI GUVCVGU UJQWNF DG TGVCKPGF KP QTFGT VQ RTGUGTXG CHHQTFCDNG JQWUKPI KP VJG CTGC 6JKU KU VQ GPUWTG VJCV UQEKQ GEQPQOKE FKXGTUKV[ KU OCKPVCKPGF YKVJKP VJG WTDCP GEQU[UVGO #V RTGUGPV TQWIJN[ QH 9CNYQTVJ 4QCFŨU RQRWNCVKQP TGUKFGU KP EQWPEKN QYPGF GUVCVGU $[ CHVGT VJG EQORNGVKQP QH VJG RTQRQUGF JQWUKPI FGXGNQROGPVU VJG RTQRQTVKQP QH VJKU RQRWNCVKQP YKNN DG CRRTQZKOCVGN[ QH VJG VQVCN RQRWNCVKQP UJQWNF VJG EQWPEKN TGVCKP VJGUG GUVCVGU +P EQPUKFGTCVKQP QH VJG EQWPEKNŨU EQPVKPWKPI GZRGPUG KP OCKPVCKPKPI KVU GUVCVGU YG RTQRQUG VJCV CP[ HWVWTG UCNGU UJQWNF HQNNQY VJG #[NGUDWT[ 'UVCVG OQFGN +P RCTVPGTUJKR YKVJ C RTKXCVG FGXGNQRGT VJG WPKV FGPUKV[ QH #[NGUDWT[ YCU FQWDNGF CNNQYKPI JCNH QH VJG PGY WPKVU VQ TGOCKP KP VJG JCPFU QH VJG EQWPEKN CPF VJG QVJGT JCNH VQ DG UQNF RTKXCVGN[ YKVJ RTQÆ’VU UJCTGF DGVYGGP 5QWVJYCTM CPF VJG FGXGNQRGT #U C TGUWNV PQ VGPCPVU YKNN DG HQTEKDN[ GXKEVGF +P QTFGT HQT VJG GEQU[UVGO VQ TGOCKP DCNCPEGF KV KU KORQTVCPV VJCV VJG NQY KPEQOG RQRWNCVKQP DG IKXGP VJG EJQKEG VQ TGOCKP VQ NKXG KP VJG CTGC

#NVJQWIJ CNN VJTGG UVTCVGIKGU CTG FGUKIPGF VQ EQORNGOGPV QPG CPQVJGT GCEJ QH VJGO EQWNF DG WPFGTVCMGP GZENWUKXGN[ CNNQYKPI HQT UQOG HNGZKDKNKV[ KP VJG VKOKPI QH VJGKT KORNGOGPVCVKQP *QYGXGT KP QTFGT HQT OQTG GHHGEVKXG EJCPIG VQ QEEWT YG TGEQOOGPF VJCV VJG[ CNN DG GZGEWVGF YKVJKP VJG PGZV Æ’XG [GCTU +P VJG HQNNQYKPI UGEVKQPU YG YKNN JKIJNKIJV YJKEJ UVTCVGIKGU CPF RTQITCOOGU UJQWNF DG IKXGP Æ’TUV RTKQTKV[

/:;<#4=#>#2?@ABCA?@:D?#EBFGAHDBI 2TQRQUGF RTQEGUUGU QH EQORCVKDKNKV[ HQT 9CNYQTVJ 4QCF EQOOGTEKCN CTGC

-./012( #31.44356780.59

CDCD>3

%*6,#.*%0-

E7/:.;8<(#.76( C.443;107/($;37

&7#6'-%0)0!"#$"%&'()* !"#$%&'()%"**)+,-.$"+/

!"#$"%&'(+* 0+1"2*-.$"+ !"#$%&&'#('()*+,+)"+-.

!"#$"%&'(,* !2"32-**)/ !"#$%&&'#('/0-"#12$-+#0 !"#$%&&'#('3+4+05 !"#$%&&'#('!)"-+$+6)-+#0

&-),,'7#,1%"

!"#

!83:7;69<0=( >757?05?(@.62

-.=FA=(!=7139 H %798(!8;338(>7;B38( #3I087/09780.5 H %798(!8;338( ";705FG=

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

!.A8<:7;B(C.A510/


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

UOCNN DWUKPGUU TGVCKN NCTIG EJCKP TGVCKN OCTMGV JQNFGTU WTDCP UVTGGV FGUKIP CPF UGTXKEG KPFWUVTKGU HTQO NCY[GTU VQ RCYP DTQMGTU /GODGTU YKNN DG GNGEVGF D[ VJG EQORWNUQT[ XQVG QH DWUKPGUU QYPGTU KP VJG CTGC 6JG IQCNU VJCV VJG UVGYCTFUJKR OCPCIGOGPV ITQWR OWUV WRJQNF CTG

Å° 4GVCKPKPI QH UJQR VGPCPEKGU CU UOCNN HNGZKDNG URCEGU

USO Å° 4GVCKPKPI OCTMGV UVCNNU Å° %QPVKPWCVKQP QH EQWPEKN UWDUKFKUGF DWUKPGUU TCVGU HQT UOCNN DWUKPGUUGU Å° 'XGPN[ FKUVTKDWVKPI NCTIG CPEJQT TGVCKN EJCKP UVQTGU CETQUU VJG YJQNG QH 9CNYQTVJ 4QCF KP QTFGT VQ FTCY HQQV VTCHÆ’E VQ UWRRQTV UOCNN DWUKPGUUGU

+P QTFGT MGGR WR YKVJ VJGKT YKFG DTGCFVJ QH TGURQPUKDKNKVKGU VJG OCPCIKPI ITQWR YKNN CNUQ EQPUKUV QH C DQF[ QH HWNN VKOG GORNQ[GGU

.CUVN[ YG RTQRQUG VJG ETGCVKQP QH C UVGYCTFUJKR OCPCIGOGPV ITQWR TGURQPUKDNG HQT OQPKVQTKPI CUUGUUKPI CPF OCMKPI FGEKUKQPU CHHGEVKPI 9CNYQTVJ 4QCFŨU WTDCP GEQU[UVGO 6JKU ITQWR YKNN DG NGF D[ GKIJV FKTGEVQTU EQPUKUVKPI QH DWUKPGUU QYPGTU CPF EQWPEKN TGRTGUGPVCVKXGU GCEJ TGRTGUGPVKPI VJG EQPEGTPU QH TGUVCWTCPVU CPF DCTU HQQF TGVCKN UVCNN JQNFGTU

Ű 'PUWTKPI VJCV VJG PGGFU CPF KPVGTGUVU QH FKHHGTGPV UQEKCN ITQWRU CTG TGRTGUGPVGF QP VJG JKIJ UVTGGV RTQXKFGF VJG[ FQPŨV GPETQCEJ QP VJG PGGFU QH QVJGTU CPF Ű /QPKVQTKPI CPF OCPCIKPI VJG GHHGEVKXKV[ QH GCEJ QH VJG HQWT RTQEGUUGU

30%'0)-.#45#2(/+%6'02+( '#7%+*)33#+/#/'62,2'%20.#8#*9*96) 1WT UGEQPF UVTCVGI[ CKOU VQ KPETGCUG VJG HCOKNKCTKV[ QH GZKUVKPI CPF KPEQOKPI UQEKCN ITQWRU VQ VJG QNF CPF PGY RCTVU QH 9CNYQTVJ 4QCFŨU TCRKFN[ FGXGNQRKPI UVTGGVUECRG 6JTQWIJ ŧC UGPUG QH EQOHQTV CPF GXGT[FC[ EQPVCEV HCOKNKCTKV[ ECP DG WUGF CU CP CFCRVKXG UQEKCN HQTO VQ EQODKPG FKHHGTGPV VTCFKVKQPU RGQRNG CPF RNCEGU Ũ CNNQYKPI HQT RQUKVKXG UQEKCN OKZKPI VQ QEEWT *CNN

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/:;9#"<#=#*9*9#6>#?@#@A>#$B:C>DE:@F#GH#'D@E#,GBIGB .KXG KPVGTCEVKQPU DGVYGGP VJG 7#. UVWFGPVU QP ECORWU CPF C EJKNF KP $WTIGUU 2CTM


.QPFQP 5QWVJ $CPM 7PKXGTUKV[

7PKXGTUKV[ QH #TVU !"#$"#

'NGRJCPV %CUVNG 6WDG 5VCVKQP

.GKUWTG %GPVTG

*G[ICVG 'UVCVG

0WTUGT[ 4QY 2CTM

$WTIGUU 2CTM /456#78#9#,:;<=4:>?#:@#=AB#*6*6CB#?;DBB>? 6JG UETGGPU CTG UVTCVGIKECNN[ RNCEGF KP FKHHGTGPV NQECVKQPU CTQWPF VJG 'NGRJCPV %CUVNG CTGC

!"#

9GUVOQTGNCPF 4QCF

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/QTTKUQPU


/456#78#9#*6*6:;#<=#(>?@;?A#%BC#D<?E .KXG XKFGQ HGGF HTQO VJG .GKUWTG %GPVTG CVVTCEVKPI NQECN TGUKFGPVU /456#7!#9#*6*6:;#<=#&>?5;@@#D<?E 6JKU VYQ UKFGF UETGGP JCU ECOGTCU QP DQVJ HCEGU ECRVWTKPI VJG MG[ CTGCU QH $WTIGUU 2CTM NKMG VJG NCMG VGPPKU EQWTVU DCTDGEWG CTGC

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

78

7!


/45678#9#,4:;#<=>;?=#@;;A#>BA; 5VGRRKPI QPVQ VJG OGVCN HQQV RNCVG CEVKXCVGU VJG OKETQRJQPG CNNQYKPI VJG WUGT VQ KPVGTCEV XKTVWCNN[ YKVJ VJG WUGT CV VJG QVJGT NQECVKQP %NCR QPEG HQT WUGT KPHQTOCVKQP CPF ENCR VYKEG HQT FKTGEVQT[ CPF PGYU HGGF (QT OQTG FGVCKNGF KPHQTOCVKQP VJG WUGT YQWNF DG TGSWKTGF VQ URGCM KPVQ VJG OKETQRJQPG

%COGTC /QXGOGPV 5GPUQT

%QPVKPWQWU .KXG (GGF

/KETQRJQPG #FWNV 6JKEM 5ETCVEJ 4GUKUVCPV 2NGZKINCUU

%QPPGEV YKVJ NQECNU XKC NKXG HGGF ECOGTC CPF OKETQRJQPG &KUEQXGT PGY RCTVU QH VJG NQECNKV[ XKC NKXG XKFGQ +PHQTOCVKQP QP NQECN GXGPVU .QECN UVTGGV FKTGEVQT[ 0GYU HGGFU QH GXGPVU KPENWFKPI URGEKCNU CPF FKUEQWPVU CV NQECN DWUKPGUUGU

/GVCN -KEM 2NCVG /GVCN (QQV 2NCVG 6Q #EVKXCVG /KETQRJQPG

!"#

/$(*02+(3

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/KETQRJQPG %JKNF


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

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

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

+P QTFGT VQ TGURQPF VQ EQPEGTPU CDQWV CEEGUUKDKNKV[ HQT VJQUG YJQ CTG NGUU HCOKNKCT YKVJ KPVGTCEVKXG VGEJPQNQI[ C UOCNN KPHQTOCVKQP RNCSWG YKNN DG RTGUGPV GZRNCKPKPI JQY VQ WUG VJG % % /G UETGGPU (KI +P CFFKVKQP CP CVVGPFCPV YKNN DG OCFG CXCKNCDNG GCEJ FC[ HQT KVU Æ’TUV OQPVJ KP QTFGT VQ CUUKUV PGY WUGTU 6JG UCOG IWKFG YKNN CNUQ GZRNCKP JQY WUGTUŨ RTKXCE[ YKNN EQPVKPWG VQ DG RTQVGEVGF 4GEQIPKUKPI .QPFQPŨU TGRWVCVKQP QH ŧGPFGOKE UWTXGKNNCPEGŨ YG DGNKGXG KV KU KORQTVCPV HQT VJG UETGGPUŨ XKFGQ CPF XQKEG HQQVCIG PQV VQ DG TGEQTFGF CPF UVQTGF #NUQ VQ RTGXGPV VJG WPCWVJQTKUGF RTQLGEVKQP QH RGQRNGŨU EQPXGTUCVKQP C VQWEJ RCF HGCVWTG YKNN GPUWTG VJCV VJG OKETQRJQPG KU CEVKXCVGF QPN[ YJGP RGQRNG EJQQUG #U YKVJ QVJGT EQOOQP OGCPU QH HWPFKPI PGY VGEJPQNQI[ VJGTG KU RQVGPVKCN HQT C XGPVWTG ECRKVCN Æ’TO VQ RTQXKFG VJG KPKVKCN HWPFKPI HQT VJG FGXGNQROGPV CPF KPUVCNNCVKQP EQUVU QH VJKU RKQPGGTKPI RKGEG QH VGEJPQNQI[ CHVGT YJKEJ NQECN CFXGTVKUKPI HGGU YKNN EQPVKPWG VQ RTQXKFG QP IQKPI OCKPVGPCPEG EQUVU 9G DGNKGXG VJCV % % /G JCU RQVGPVKCN VQ PQV QPN[ JGNR OGFKCVG UQEKCN FKHHGTGPEGU YKVJKP VJG GEQU[UVGO DWV CNUQ RTQOQVG FKHHGTGPV HQTOU QH KPVGTCEVKQP VJTQWIJQWV VJG JKIJ UVTGGV


6Q[ UJQR

5VCTV WR UJQR

5VCTV WR TGUVCWTCPV

!"#

/456#78#9#:4;5<;=#>?@A4B5#C?D#E;F;BC#>?@G>#@B#H;IA@<C?#%@;J 6JG EKTENGF CTGC JKIJNKIJVU VJG RQVGPVKCN \QPG HQT RQR WR ENWUVGTU VQ DG KORNGOGPVGF 6JGUG RQR WRU YKNN ECVGT VQ XCTKGF UQEKCN ITQWRU

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

2QVGPVKCN \QPG HQT RQR WR ENWUVGTU


2/$&/(,-"34"5$*,$&66(2 &"5$*)(22"*."1'/$*7#)/1*'"8"5*58#5"25&)(2 #U RTGXKQWUN[ OGPVKQPGF VJG CKO QH VJG RTQITCOOCVKE KPVGTXGPVKQPU KU VQ UVKOWNCVG EQORCVKDKNKV[ VJTQWIJ VJG RTQEGUUGU QH KPVTQFWEVKQP RCTVKEKRCVKQP CPF OKZKPI KP QTFGT VQ CNNQY HQT KPETGCUGF CEEGUUKDKNKV[ VQ VJG JKIJ UVTGGV D[ FKHHGTGPV UQEKCN ITQWRU 6JG Æ’TUV QH VJGUG RTQITCOOGU YKNN DG VQ KPKVKCVG C RTQEGUU QH KPVTQFWEVKQP QH PGY UQEKCN ITQWRU VQ VCTIGVGF CTGCU CNQPI 9CNYQTVJ 4QCF D[ VGORQTCTKN[ ŧÆ’NNKPI ICRUŨ YJGTG VJG PGGFU HQT URGEKÆ’E UQEKCN ITQWRU OC[ PQV DG OGV 9G RTQRQUG VGORQTCN UJQR URCEGU QVJGTYKUG TGHGTTGF VQ CU RQR WR URCEGU CU C F[PCOKE YC[ QH GPEQWTCIKPI C YKFGT WUG QH VJG UVTGGV YJKNUV CNUQ CEVKXCVKPI VJG JKIJ PWODGT QH XCECPV VGPCPEKGU KP VJG CTGC (KI

+P TGEGPV [GCTU RQR WR UVQTGU CPF GXGPVU JCXG DGEQOG CUUQEKCVGF YKVJ VJGKT VTGPF UGGMKPI EQOOGTEKCNN[ FTKXGP ENKGPVGNG #U C TGUWNV PGICVKXG EQPPQVCVKQPU JCXG GOGTIGF UWEJ CU KVU TGNCVKQP VQ JKRUVGT EWNVWTG QT IGPVTKÆ’ECVKQP *QYGXGT D[ HQEWUKPI VJG TQNG QH 9CNYQTVJ 4QCFŨU RQR WRU VQYCTFU HWNÆ’NNKPI VJG PGGFU QH FKHHGTGPV UQEKCN ITQWRU CPF GPEQWTCIKPI UQEKCN OKZKPI YG DGNKGXG VJCV RQR WRU YKNN JCXG C RQUKVKXG GHHGEV KP JGNRKPI VQ OCKPVCKP C DCNCPEG KP VJG GEQU[UVGO 4GURQPFKPI VQ VJG CTGCŨU FKXGTUG UQEKCN OKZ RQUUKDNG GZCORNGU QH RQR WR UVQTGU UVTCVGIKECNN[ EJQUGP D[ VJG UVGYCTFUJKR DQF[ OKIJV KPENWFG RQR WR CTV ICNNGTKGU JQOGYCTGU TGUVCWTCPVU NGICN UGTXKEGU ECHGU DQQM UJQRU CTV CPF ENCUUGU +P CFFKVKQP VQ VCTIGVKPI URGEKÆ’E ITQWRU YG DGNKGXG VJCV RTQXKFKPI CP CFFKVKQPCN OKZ QH GXGPV RQR WRU YKNN JGNR UVKOWNCVG EWTKQUKV[ CPF GPEQWTCIG GZRNQTCVKQP QH VJG WPHCOKNKCT GXGPVWCNN[ DTGCMKPI VJG UQEKCN DCTTKGTU DGVYGGP GZKUVKPI CPF KPEQOKPI TGUKFGPVU

!!"

#$%&'"()*+*,-"*."/0("01,0"2/$((/

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Æ’E HTQO VJG NQECN WPKXGTUKVKGU UQWVJ +P CP CTGC RTGXKQWUN[ KFGPVKÆ’GF CU CP GZENWUKQPCT[ \QPG YG DGNKGXG VJCV KPVTQFWEKPI C PGY UQEKCN ITQWR VQ VJG CTGC YKNN JGNR OKVKICVG UQEKCN VGPUKQPU VJTQWIJ OQTG TGIWNCT FCKN[ EQPVCEV

#PQVJGT HWPEVKQP QH VJG RQR WR UVQTGU YKNN DG VQ RTQXKFG C NQY TKUM UVGRRKPI UVQPG HQT TGEGPV ITCFWCVGU CFFKPI C PGY TGVCKN HQTOCV VQ CP GZKUVKPI CTTC[ QH UJQR V[RGU 6JGUG URCEGU YKNN DG JKTGF D[ GPVTGRTGPGWTU CV C HNCV TCVG VQ EQXGT QXGTJGCF EQUVU #U CP KPEGPVKXG YG RTQRQUG VJCV VJG EQWPEKN UJQWNF GZGORV NCPFNQTFU HTQO VJG HWNN RC[OGPV QH DWUKPGUU TCVGU HQT VJG RGTKQF QH VJG RQR WRŨU QEEWRCPE[

2WDNKE )TGGP 5RCEGU

5VWF[ 9QTM %CHG

5VWFGPV )CNNGT[


'#4%+*)33#+/#)(*+$%'-2(-#4'%02*24'02+(# )'30#30%))0#0%'2(5$4 ./"( )"0-%,( -1( -+$( &%*"$2"%*&-%)( &)( #&3",( #*( &%&*&#*&%'( #( RTQEGUU QH GPEQWTCIKPI VJG RCTVKEKRCVKQP QH VJG CTGCŨU OQTG CV TKUM UQEKCN ITQWRU YJQ YG DGNKGXG CTG KP FCPIGT QH DGEQOKPI GZVKPEV YKVJKP VJG WTDCP GEQNQI[ QH VJG JKIJ UVTGGV 1RGP VQ CNN 5QWVJYCTM TGUKFGPVU CPF DWUKPGUU QYPGTU VJG RTQITCOOG URGEKÆ’ECNN[ CKOU VQ VCTIGV VJG CTGCŨU JKIJ RQRWNCVKQP QH WPGORNQ[GF CPF NQY KPEQOG ITQWRU YJQ YQWNF PQV QVJGTYKUG DG CDNG VQ CHHQTF VTCKPKPI 6JTQWIJ VJKU RTQITCOOG YG CNUQ UWRRQTV UOCNN DWUKPGUU QYPGTU D[ RTQXKFKPI VTCKPKPI KP JQY VQ DGVVGT CFCRV VJGKT DWUKPGUUGU VQ VJG PGGFU QH VJG EJCPIKPI OCTMGV 9KVJ VJG RWTRQUG QH GORQYGTKPI VJGUG XWNPGTCDNG ITQWRU YG CKO VQ KPETGCUG VJGKT EQORGVKVKXG GFIG CICKPUV QVJGT DGVVGT TGUQWTEGF UQEKCN ITQWRU QT DWUKPGUUGU RTQNQPIKPI VJGKT RCTVKEKRCVKQP QP VJG JKIJ UVTGGV +P QTFGT VQ VCMG CFXCPVCIG QH C NCTIG COQWPV QH EQWPEKN QYPGF EQOOGTEKCN RTQRGTVKGU YG RTQRQUG VJCV VJG VTCKPKPI RTQITCOOG DGIKP KP VJG VJTGG EWTTGPVN[ XCECPV VGPCPEKGU CNQPI 'CUV 5VTGGV (KI 9KVJ GCEJ FKHHGTGPV VTCKPKPI RTQITCOOG NQECVGF KP KVU QYP UJQR VGPCPE[ CU CFFKVKQPCN

URCEGU DGEQOG CXCKNCDNG VJG VTCKPKPI RTQITCOOG YKNN DG CDNG VQ EQPVKPWG VQ GZRCPF +P MGGRKPI YKVJ VJG GZKUVKPI Æ’PG ITCKP QH 'CUV 5VTGGV CPF KVU XKDTCPE[ KV KU KORQTVCPV HQT GCEJ VTCKPKPI RTQITCOOG VQ JCXG KVŨU QYP CEVKXG TGVCKN HTQPVCIG VQ CNUQ CUUKUV KP RTQXKFKPI C UOCNN KPEQOG HQT VJG RTQITCOOG 'ZCORNGU YG JCXG RTQXKFGF KPENWFG C ITCRJKE FGUKIP VTCKPKPI UVWFKQ CPF C ENQVJKPI RTQFWEVKQP UVWFKQ (KI #U RCTV QH VJG RTQEGUU QH GORQYGTOGPV VJGTG YKNN DG NQY TKUM QRRQTVWPKVKGU HQT ITCFWCVGU VQ VGUV VJG OCTMGVCDKNKV[ QH VJGKT RTQFWEVU KP 'CUV 5VTGGV /CTMGVŨU UVCNNU CPF CNUQ KP VJG RQR WR OCTMGV YJGTG CXCKNCDNG URCEGU YKNN IKXG Æ’TUV RTGHGTGPEG VQ TGEGPV ITCFWCVGU +P CFFKVKQP VQ GORQYGTKPI XWNPGTCDNG UQEKCN ITQWRU VJG VTCKPKPI RTQITCOOG RTQXKFGU DWUKPGUU CPF KPUVKVWVKQPCN PGVYQTM QRRQTVWPKVKGU HWTVJGT UVTGPIVJGPKPI VJG NQECN GEQU[UVGOŨU CDKNKV[ VQ CFCRV VQ EJCPIGU (KI (QT KPUVCPEG VJG RTQITCOOG ECP DG TWP KP RCTVPGTUJKR YKVJ NQECN WPKXGTUKVKGU KP QTFGT VQ HQTOCNKUG SWCNKÆ’ECVKQPU CPF GPUWTG C

/678#9:#;#0<=6>5$?#?<@7<=AAB#?<@?@CBD#E=F@GHC 6TCKP WR RTQITCOOGU CTG RTQRQUGF VQ DG KORNGOGPVGF KP EQWPEKN QYPGF XCECPV UJQRU YJKEJ ECP CFCRV VQ NC[QWVU VJCV UWKV VJG CEVKXKV[ WUG

!"#$%&%'( )*+,&-

!-#,&%' #$"#

)TCRJKE &GUKIP

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

UJQR

!"#

8CECPV UJQRU 'CUV 5VTGGV /CTMGV 2NCP .QECVKQP QH 6TCKP 7RU


JKIJGT UVCPFCTF QH VGCEJKPI 6JGTG CTG QRRQTVWPKVKGU CNUQ HQT VJG RTQITCOOG VQ YQTM KP EQPLWPEVKQP YKVJ NQECN GORNQ[GTU D[ RTQXKFKPI VTCKPKPI KP UMKNNU VJCV CTG JKIJ KP FGOCPF )TCFWCVGU CNUQ NCTIGN[ DGPGÆ’V HTQO VJKU D[ ICKPKPI FKTGEV CEEGUU VQ NQECN NCDQWT RQQNU /CPCIGF D[ VJG UVGYCTFUJKR DQF[ YG RTQRQUG VJCV 5QWVJYCTM %QWPEKN UWDUKFKUG VJG EQUV QH VTCKPKPI HQT NQY KPEQOG TGUKFGPVU

/456#78#9#0:;4<=$>#>:?5:;@@A#B:;4<4<5#;CB4D4B4AE %NQVJKPI RTQFWEVKQP CPF VTCKPKPI HQT UOCNN DWUKPGUU QYPGTU

UJQR

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

!)#(&%&', *+-$%"

!"#$%&' #()#

*+"()

%NQVJKPI 2TQFWEVKQP


'#9%+*)33#+/#I2J2(-# )'30#30%))0#I'%K)0 'CUV 5VTGGV /CTMGV GZKUVU CU C URCEG YJGTG FGPUG CEVKXKV[ CPF KPVGTCEVKQPU DGVYGGP FKHHGTGPV UQEKCN ITQWRU VCMG RNCEG CU C FCKN[ QEEWTTGPEG ;GV KP QTFGT VQ GPUWTG KV RGTUKUVU KP VJKU TQNG YG DGNKGXG VJG OCTMGVŨU DTGCFVJ QH CEVKXKV[ ECP DG GPJCPEGF VQ OGGV KVU HWNN RQVGPVKCN CU C UWEEGUUHWN RWDNKE URCEG +P CFFKVKQP VQ KVU EWTTGPV HQTO CU C NQECN OCTMGV HQT CHHQTFCDNG IQQFU YG RTQRQUG C EQORNGOGPVCT[ URGEKCNV[ OCTMGV QEEWTTKPI GXGT[ 5WPFC[ 'CEJ YGGM VJKU URGEKCNV[ OCTMGV YKNN TQVCVG DGVYGGP FKHHGTGPV VJGOGU KP QTFGT VQ URCTM VJG KPVGTGUVU QH FKHHGTGPV UQEKCN ITQWRU YKVJKP VJG CTGC 5QOG GZCORNGU EQWNF DG C HQQF OCTMGV ETCHV OCTMGV C EJCTKV[ UVCNN FC[ QT C ENQVJKPI UYCR (KI 6JKU URGEKCNV[ OCTMGV EQWNF HWPEVKQP PQV QPN[ CU C RNCVHQTO VQ UJQYECUG PGY KFGCU DWV CNUQ CU C PGY HQTOCV HQT EWNVWTCN GZRTGUUKQP $[ VCTIGVKPI

XCTKQWU UQEKCN ITQWRU YKVJ VJG URGEKCNV[ OCTMGV YG DGNKGXG VJCV VJTQWIJ HCOKNKCTKV[ VJGUG FKHHGTGPV ITQWRU YKNN OQTG NKMGN[ EQPVKPWG VQ GPICIG YKVJ VJG TGIWNCT OCTMGV VJWU GPJCPEKPI KVU UVCVWU CU C RNCEG HQT TKEJ KPVGTCEVKQPU 9JKNG % % /G NGCFU VQ KPETGCUGF HCOKNCTKV[ VJTQWIJ KPFKTGEV EQOOWPKECVKQP 'CUV 5VTGGV /CTMGV GPEQWTCIGU RGQRNG VQ CEVKXGN[ GPCIG KP HCEG VQ HCEG KPVGTCEVKQPU #NUQ KP QTFGT VQ Æ’NN VJG OCTMGVŨU XCECPV UVCNNU YG RTQRQUG VJCV HQWT QH VJGUG URCEGU DG OCFG CXCKNCDNG HQT GPVTGRTGPGWTKCN ITCFWCVGU QH VJG VTCKPKPI RTQITCOOG VQ UJQYECUG VJGKT RTQFWEVU 5KOKNCT VQ VJG RQR WR RTQITCOOG QPG GPVTGRTGPGWT YKNN JQNF GCEJ UVCNN HQT C UJQTV RGTKQF QH QPG VQ VJTGG OQPVJU CHVGT YJKEJ VJG UVCNN YKNN VJGP DG RCUUGF QP VQ C PGY UWEEGUUHWN CRRNKECPV +P VJG URKTKV QH ETGCVKPI NQY DCTTKGTU

/456#77#8#9:;<;=>?#@AB>:C@B4D>#E@:F>B#A@G;HB= 6JG OCTMGV ECP CFCRV VQ XCTKQWU CEVKXKVKGU VJTQWIJ KPPQXCVKXG NC[QWVU CV FKHHGTGPV NQECVKQPU

0WTUGT[ 4QY 2CTM (QQF 5VCNNU 5VCNNU

%NQVJKPI 5VCNNU

.C[QWV

.C[QWV 6JG YKFVJ QH VJG TQCF KP HTQPV QH VJG RCTM WUGF CU C RGTHQTOCPEG CTGC YKVJ KPHQTOCN UGCVKPI HQT XKGYGTU

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

.C[QWV 2CTV QH VJG TQCF EQPXGTVGF KPVQ UVGCVKPI CTGC HQT HQQF UVCNNU VJCV CTG ENWUVGTGF VQIGVJGT

'CUV 5VTGGV /CTMGV

5GCVKPI

!"#$%#&'()"* #TGC

'CUV 5VTGGV 4GUVCWTCPVU

.C[QWV

+PHQTOCN 5GCVKPI

!"#

5GCVKPI


VJGUG UVCNNU UJQWNF DG NGV HQT HTGG +P CFFKVKQP VJG UVGYCTFUJKR DQF[ UJQWNF RWUJ HQT TGOCKPKPI XCECPV UVCNNU VQ DG QEEWRKGF D[ XGPFQTU UGNNKPI VCMGCYC[ UVTGGV HQQF 6JGTG CTG XGT[ HGY UVCNNU QH VJKU V[RG EWTTGPVN[ KP GZKUVGPEG [GV UVTGGV HQQF UVCNNU EQWNF CVVTCEV DQVJ NQECN GORNQ[GGU CPF PGCTD[ UJQRRGTU VQ VJG OCTMGV HWTVJGT GPJCPEKPI KVU FKXGTUG OKZKPI QH RGQRNG 9G DGNKGXG VJCV VJG UVGYCTFUJKR DQF[ EQWNF DGIKP VQ QEEWR[ VJG XCECPV UVCNNU KP VJG KOOGFKCVG HWVWTG *QYGXGT CU VJG OCTMGV EWTTGPVN[ HWPEVKQPU CU C UWEEGUUHWN RWDNKE URCEG WVKNKUGF D[ C YKFG TCPIG QH FKHHGTGPV UQEKCN ITQWRU VJG URGEKCNKV[ OCTMGVU YQWNF DG OQTG GHHGEVKXG KP DTKPIKPI VQIGVJGT PGY UQEKCN ITQWRU QPEG VJG Æ’TUV UVCIG QH VJG *G[ICVG FGXGNQROGPV DGEQOGU HWNN[ QEEWRKGF

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

/456#78#9#):;<=>?@#AB#C4BB?D?EF#AGFCAAD#<;DH?F@ (QQF CPF PKIJV OCTMGVU


.QPFQP 5QWVJ $CPM 7PKXGTUKV[

7PKXGTUKV[ QH #TVU 2*&%*&

'NGRJCPV %CUVNG 6WDG 5VCVKQP

.GKUWTG %GPVTG

*G[ICVG 'UVCVG *A*A=; 6Q DG KORNGOGPVGF KP QPYCTFU .KXG HGGF .0/,+0() #&(-0$$,%) 0+*"&%) VJG 'NGRJCPV %CUVNG CPF 9CNYQTVJ 4QCF 0+,0) ) ) -*) 10.#$#-0-,) #&%#+,.-) EQOOWPKECVKQP DGVYGGP RGQRNG QH FKHHGTGPV UQEKCN ITQWRU CPF HCOKNKCTKUG RGQRNG VQ PGY CTGCU 0WTUGT[ 4QY 2CTM

):;7<#=54>;< 6Q DG KORNGOGPVGF KP QPYCTFU 1EEWTU QPEG C OQPVJ KPKVKCNN[ VJGP OQTG HTGSWGPVN[ CU OQTG PGY TGUKFGPVU VQ VJG CTGC CTTKXG

/QTTKUQPU

?@98$9 6Q DG KORNGOGPVGF KP QPYCTFU 1EEWRKGU XCECPV UJQRU KP RTKXCVGN[ QYPGF !"#$%#&'()#&)*+%,+)-*)).*/!0-) RQEMGVKUCVKQP

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

045678$9 6Q DG KORNGOGPVGF KP QPYCTFU .QECVGF KP EQWPEKN QYPGF UJQRU QP 'CUV 5VTGGV

9GUVOQTGNCPF 4QCF

.QECVKQP QH % % /G UETGGPU 'XGPV OCTMGVU %QWPEKN QYPGF UJQRU 8CECPV UJQRU /6BA#"C#D#27<;4:;7<6@7E 6JKU FKCITCO OCRU QWV CNN VJG KPVGTXGPVKQPU RTQRQUGF HQT 9CNYQTVJ 4QCF

!"#

$WTIGUU 2CTM


*+(*,$32+(

7UKPI VJGUG VJTGG UVTCVGIKE CRRTQCEJGU VQ KPKVKCVG C RTQEGUU QH EQORCVKDKNKV[ YG DGNKGXG VJCV 9CNYQTVJ 4QCFŨU GEQU[UVGO YKNN DGEQOG OQTG TGUKNKGPV VJTQWIJ KVU KPETGCUGF CDKNKV[ VQ CFCRV VQ EJCNNGPIGU RTGUGPVGF D[ VJG TGIGPGTCVKQP RNCP

(KI

!"#

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

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ŨU WTDCP GEQU[UVGO VQ CFCRV VQ RCUV OCTMGV EJCPIGU # *QYGXGT FWG VQ VJG RTQRQUGF TGIGPGTCVKQP RNCP VJG NQECN FGOQITCRJKEU QH VJG CTGC YKNN DG UKIPKÆ’ECPVN[ CNVGTGF TGUWNVKPI KP PGY GOGTIKPI VGPUKQPU DGVYGGP GZKUVKPI CPF KPEQOKPI UQEKCN ITQWRU 9G RTGFKEV VJCV UQOG QH VJGUG VGPUKQPU YKNN OCPKHGUV KP RQEMGVKUCVKQP CPF HWTVJGT UQEKCN FKURNCEGOGPV

+P QTFGT HQT VJG GEQU[UVGO VQ EQPVKPWG VQ CFCRV KP C UWUVCKPCDNG YC[ KV KU KORQTVCPV HQT VJG EQWPEKN VQ CUUKUV VJGUG VYQ FKURCTCVG UQEKCN RCVVGTPU VQ EQ GZKUV EQORCVKDN[ #U URCVKCN UQEKCN CPF GEQPQOKE HQTEGU CTG KPVGTFGRGPFGPV QP QPG CPQVJGT KV KU KORQTVCPV VJCV VJKU UQEKCN VGPUKQP DG CFFTGUUGF JQNKUVKECNN[ (QT VJKU TGCUQP QWT RTQRQUGF KPVGTXGPVKQP EQPUKUVU QH VJTGG UVTCVGIKGU GCEJ CFFTGUUKPI KUUWGU VJTQWIJ VJG RTQEGUUGU QH KPHQTOCVKQP KPVTQFWEVKQP RCTVKEKRCVKQP CPF OKZKPI 6JG CKO KU VQ TGHTCOG JQY VJG JKIJ UVTGGV KU EQPEGRVWCNKUGF HTQO VJG RQKPV QH XKGY QH VJG EQWPEKN PQV UKORN[ CU C RNCEG QH EQOOGTEG DWV CU C RNCEG QH VGORQTCN EWNVWTCN GZRTGUUKQP UQEKCN GPICIGOGPV CPF EQORNGZ KPVGTCEVKQPU UWRRQTVGF D[ RJ[UKECN CPF VGEJPQNQIKECN UVTCVGIKGU $[ GPICIKPI YKVJ VJG RTQEGUU QH EQORCVKDKNKV[ YG YKNN CNNQY HQT VJG 9CNYQTVJ GEQU[UVGO VQ CFCRV VQ VJG EJCPIKPI GPXKTQPOGPV KP QTFGT HQT FKXGTUKV[ VQ HNQWTKUJ QP VJG JKIJ UVTGGV


%)/)%)(*)3

.QPFQP $QTQWIJ QH 5QWVJYCTM 5QWVJYCTM %QWPEKNŨ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ŧ*CRRKPGUU 9KVJQWV $QTFGTU Ũ %QEC %QNC ,QWTPG[ %QEC %QNC %QORCP[ CXCKNCDNG HTQO JVVR YYY EQEC EQNCEQORCP[ EQO UVQTKGU JCRRKPGUU YKVJQWV DQTFGTU =CEEGUUGF /CT ? 0GITGVG 5 . 7PFGTKPXGUVGF +PIGPWKV[ /5E &KUUGTVCVKQP .QPFQP 5EJQQN QH 'EQPQOKEU CPF 2QNKVKECN 5EKGPEG 1HÆ’EG HQT 0CVKQPCN 5VCVKUVKEU %GPUWU #IITGICVG FCVC 'PINCPF CPF 9CNGU CXCKNCDNG HTQO JVVR YYY PGKIJDQWTJQQF UVCVKUVKEU IQX WM FKUUGOKPCVKQP =CEEGUUGF /CT ? ! 2CTM 4 ' *#5&%(D"55#%,/,1+@(701(D,/A(&%.(*#5&%(3?"'"-AC()NGPEQG +NN (TGG 2TGUU ! 2JKND[ % ŧc $P 4GXCOR QH 5KPM 'UVCVG 4GXGCNU ŧ5QEKCN %NGCPUKPIŨ 2NCP Ũ 701(J%.181%.1%/ (GD ! 5JKNU ' ŧ6JG 5QEKQNQI[ QH 4QDGTV ' 2CTM Ũ 701(951$,?&%(E"?,"'"-,+/6( ! 5OKVJ & 2 CPF .QWKUG * ŧ5VWFGPVKÆ’ECVKQP CPF ŧCRRTGPVKEGŨ )GPVTKÆ’GTU 9KVJKP $TKVCKPŨU 2TQXKPEKCN 6QYPU CPF %KVKGU 'ZVGPFKPI VJG /GCPKPI QH )GPVTKÆ’ECVKQP Ũ 3%4,$"%51%/(;(<'&%%,%-(9 ! 5VGKPGT ( ŧ7TDCP *WOCP 'EQNQI[ Ũ K$L&%(3?"+A+/15+6

.GPF .GCUG 0GY 5JQRU 1P 9CNYQTVJ 4QCF 2JQVQITCRJ .GPF .GCUG .KOKVGF P F =CEEGUUGF /CT ? ! .GPF .GCUG 1PG 6JG 'NGRJCPV # 5QCTKPI 5WEEGUU 2JQVQITCRJ .GPF .GCUG .KOKVGF P F =CEEGUUGF /CT ?

6KDDGVVU 5 5V CPF %TCKI * D$,5,%"'"-,?&'( 701"$A@( 9( 71P/QB1&.1$6( .QPFQP 5#)' ! 9GUUGPFQTH 5 ŧ%QOOQPRNCEG &KXGTUKV[ CPF VJG B'VJQU QH /KZKPIŨ 2GTEGRVKQPU QH &KHHGTGPEG KP C .QPFQP 0GKIJDQWTJQQF Ũ J.1%/,/,1+( R1N&$S ! 9KNGU % ŧŧ#HHQTFCDNG JQWUKPIŨ FQGU PQV OGCP YJCV [QW VJKPM KV OGCPU Ũ 701(:#&$.,&%C(:#&$.,&%(<$")1++,"%&' (GD ! 9KVVIGPUVGKP . <0,'"+"80,?&'(J%41+/,-&/,"%+C(0GY ;QTM /CEOKNNCP ! ;QWPI + / !#+/,?1( &%.( /01( <"',/,?+( ")( O,))1$1%?1C 2TKPEGVQP 0 , 2TKPEGVQP 7PKXGTUKV[ 2TGUU ! <WMKP 5 ŧ)GPVTKÆ’ECVKQP %WNVWTG CPF %CRKVCN KP VJG 7TDCP %QTG Ũ(9%%#&'( B14,1N(")(E"?,"'"-A

.QPFQP $QTQWIJ QH 5QWVJYCTM #[NGUDWT[ #TGC #EVKQP 2NCP 5QWVJYCTM %QWPEKN CXCKNCDNG HTQO JVVR YYY UQWVJYCTM IQX WM KPHQ CTGCA CEVKQPARNCPU C[NGUDWT[ACTGCACEVKQPARNCP =CEEGUUGF /CT ?

4KIJVOQXG $GFTQQO #RCTVOGPV VQ 4GPV #OGNKC 5VTGGV 'NGRJCPV %CUVNG 5' CXCKNCDNG HTQO JVVR YYY TKIJVOQXG EQ WM RTQRGTV[ VQ TGPV RTQRGTV[ JVON =CEEGUUGF /CT ?

.GPF .GCUG 6TCHCNICT 2NCEG 2JQVQITCRJ .GPF .GCUG .KOKVGF P F =CEEGUUGF /CT ? .GPF .GCUG 6TKDGEC 5SWCTG D[ &GNCPE[ 1CMOC[PG 2TQRGTVKGU 2JQVQITCRJ .GPF .GCUG .KOKVGF P F =CEEGUUGF /CT ? .GPF .GCUG 8KGY CETQUU 5V /CT[ŨU %JWTEJ[CTF 2CTM 2JQVQITCRJ .GPF .GCUG .KOKVGF P F =CEEGUUGF /CT ?

$%&'(#)*+,+-.#+/#01)#12-1#30%))0

5VQTRGT / M1A+( /"( /01( D,/A@( *"N( 3?"%"5,?+6( J%+/,/#/,"%+6( E"?,&'( J%/1$&?/,"%6(&%.(<"',/,?+(E0&81(O141'"851%/ 2TKPEGVQP 2TKPEGVQP 7PKXGTUKV[ 2TGUU

!"#

#VMKPUQP 4 ŧ6JG *KFFGP %QUVU QH )GPVTKÆ’ECVKQP &KURNCEGOGPV KP %GPVTCN .QPFQP Ũ !"#$%&'(")(*"#+,%-(&%.(/01(2#,'/(3%4,$"%51%/6 ! $CTTGVV & ŧ1PG 5WTXGKNNCPEG %COGTC HQT 'XGT[ 2GQRNG KP $TKVCKP 5C[U 886% 5WTXG[ Ũ 701(71'1-$&80 6GNGITCRJ /GFKC )TQWR .KOKVGF ,WN 1PNKPG =CEEGUUGF /CT ? ! $QPF # ŧ%QEC %QNC WPKVGU GPGOKGU +PFKC CPF 2CMKUVCP YKVJ KPVGTCEVKXG XGPFKPI OCEJKPGU YJKEJ GPEQWTCIG WUGTU KP DQVJ EQWPVTKGU VQ ŧOCMG C HTKGPFŨ Ũ &CKN[ /CKN #UUQEKCVGF 0GYURCRGTU .VF VJ /C[ ! $TKFIG ) CPF 4QD[P & ŧ/KETQIGQITCRJKGU QH 4GVCKNKPI CPF )GPVTKÆ’ECVKQP Ũ 9#+/$&',&%(:1"-$&801$ ! &CXKFUQP / ŧ.QXG 6J[ 0GKIJDQWT! 5QEKCN /KZKPI KP .QPFQPŨU )GPVTKÆ’ECVKQP (TQPVKGTU Ũ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ŧ*KIJ 5VTGGV #FCRVCVKQPU 'VJPKEKV[ +PFGRGPFGPV 4GVCKN 2TCEVKEGU CPF .QECNKUO KP .QPFQPŨU 7TDCP /CTIKPU Ũ 3%4,$"%51%/(;(<'&%%,%-( 9 ! *KNNKGT $ 5RCEG +U VJG /CEJKPG # %QPÆ’IWTCVKQPCN 6JGQT[ QH #TEJKVGEVWTG ! %CODTKFIG %CODTKFIG 7PKXGTUKV[ 2TGUU ! -GFFKG , ŧ)GPVTKÆ’ECVKQP CPF VJG 4GFGUKIP QH 7TDCP .KHG VJG %CUG QH $GTOQPFUG[ Ũ D,/,1+=92(H"'#51(I6(.5' %KVKGU




$!4$+)%&!5-*!)/&!&%&./$') !"#$!%"&'!(!)*"+)$'!,-*&!(!+-./"&!)/"0$1%)!(!)-,!2$%3&*


!"#$%&'(#!%"

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Æ’GF OQFGTPKUV 3(-*#0$'&()-$*"(*$"(6#$523#$9#:20#;$=2.&/$&#)/$0#-7&7#)5#$*2$ *"#$)#=$%&#'"()*$+$,(-*&#$3(-*#0$'&()8

)*+,-./-0-)121314-56782*19-:;362-<8;=>2:<>*8;-/?@/ A2.05#B$===8)#=-*##&52)-*0.5*72)8523 )*+,-.A-0-B96CD1;>-E-(1=>96-FD8CC*;+-(6;>26-8C6;*;+-/?@G A2.05#B$A2.*"=(0?$L05"76#)*+,-.H-0-B96CD1;>-E-(1=>96->8314 )*+,-.I-0-A./I-#JK-71=>62-C91; A2.05#B$!:M;$NJGO

.A

.H

.I

!!"

#"$#%&'(")*+"&,("('(-,#.&

./


-(''#)!$-%)!#.! !"#$%&&%'!()*!+$,'#, !"#$ %&'(#$ )%#*$ +'$ ,#%#-,&"$ -.*$ -.-/0%#$ +"#$ &'.+#1+$ '2$ 3/#("-.+$4$5-%+/#$6%$7-%#*$'.$+"#$8((',+).6+0$9,#-$:;6<=>?@$ CU FGƒPGF KP 5QWVJYCTM %QWPEKNŨU 5WRRNGOGPVCT[ 2NCPPKPI &QEWOGPV 52& &GVGTOKPKPI VJG RCTCOGVGTU QH VJG 1RRQTVWPKV[ #TGC CPF RTQFWEKPI VJG 52& YCU C EQNNCDQTCVKXG #22',+$ 7#+A##.$ B')+"A-,C$ 5').&6/$ -.*$ +"#$ D,#-+#,$ E'.*'.$ #WVJQTKV[ ).# 6JG 52& RTQXKFGU C HTCOGYQTM CPF <)6*#/6.#%$2',$*#F#/'(G#.+H$-.*$/-0%$')+$B')+"A-,CI%$F6%6'.$ 2',$ +"#$ 8((',+).6+0$ 9,#-$ 'F#,$ +"#$ .#1+$ J?$ 0#-,%$ +",')<"$ URGEKƒE TGEQOOGPFCVKQPU QP C PWODGT QH KUUWGU +ORQTVCPV VQ PQVG HQT QWT RTQLGEV KU VJG GORJCUKU VJG 52& IKXGU VQ &,#-+6.<$K'7%$-.*$,-6%6.<$#&'.'G6&$F67,-.&0=$$L%6.<$-.$-,#-$ CNTGCF[ KFGPVKƒGF D[ VJG IQXGTPOGPV CPF RNCPPKPI GPVKVKGU CU -.$8((',+).6+0$9,#-$-//'A%$)%$+'$7)6/*$'22$+"#$#16%+6.<$(,6',6+0$ '2$+"#$3/#("-.+$4$5-%+/#=$9$%+)*0$'2$+"#$*#G'<,-("6&%$A6+"6.$ +"#$-,#-I%$7').*-,6#%$6%$(,'F6*#*$6.$+"#$.#1+$%#&+6'.H$<6F6.<$-.$ 6.%6<"+$6.+'$+"#$(,'7/#G-+6&$+"-+$.##*%$+'$7#$,#G#*6#*=$

E'.*'.

B')+"A-,C

!"#

$#%$&'()#*+,#'-)#)().-$/'

8((',+).6+0$9,#-

/012$34$5$6789:0;1$#<=>?9;:$@$-9A:<= B'),&#%M$3*6.-$N6<6G-(

2TQRQUCN 5KVG


+"2.,!$0&)%'%.*-"4!"#"$!%&'()*+)*,#'-&!./,&'%"*#/#'+$-$'$*+' ,".,!$0&)%$1')*(.!2$-).*'#3#-"2# +PFKEGU QH FGRTKXCVKQP CTG WUGF VQ KFGPVKH[ FKUCFXCPVCIGF !"#!$%& !'(& )!*#& +#,-.#& !& /-0#"123& 0!4& -1& 5'1-".5'6& !'(& FKTGEVKPI RQNKEKGU 6JG Æ’TUV OGCUWTG QH FGRTKXCVKQP YCU EQPFWEVGF KP CPF YCU TGÆ’PGF QXGT VKOG VQ CNNQY HQT 5',"#!$#(& *!35(574& !'(& "#35!+53574& -1& (#/"5*!75-'& .#!$2"#$& 89:;<%& =>?>@A& B)#& ,-""#$/-'(5'6& (#+!7#& -'& 7)#& #C!,7& .#,)!'5$.$&7)!7&3#!(&/#-/3#&5'7-&$2,)&,-'(575-'$&5$&)56)34& KFGQNQIKECN CPF RQNKVKEKUGF 6CNNQP +V KU VJGTGHQTG 5./-"7!'7& 7-& #./)!$5$#& 7)!7& 5'(5,#$& -1& (#/"5*!75-'& ,!''-7& +#& 2$#(& 7-& 2'(#"$7!'(& 57$& 2'(#"345'6& ,!2$#$& +27& -'34& 7-& 5332.5'!7#&!"#!$&-1&/!"75,23!"&(#/"5*!75-'A&

!"#$%$&!# &&#$%$&'# ()#$%$((# (*#$%$*+# *!#$%$*,#

B)#& .#!$2"#& -1& "#3!75*#& (#/"5*!75-'& -1& )-2$#)-3($& !33-0$& 1-"&!&,-./!"5$-'&+#70##'&(511#"#'7&!"#!$&!,,-"(5'6&7-&1-2"& (511#"#'7& !$/#,7$& -1& (#/"5*!75-'D& #./3-4.#'7%& #(2,!75-'E& JGCNVJ CPF FKUCDKNKV[ CPF JQWUKPI # JQWUGJQNF KU FGÆ’PGF CU +#5'6& (#/"5*#(& 5'& '-'#%& -"& -'#& 7-& 1-2"& -1& 7)#$#& (5.#'$5-'$&

1HÆ’EG HQT 0CVKQPCN 5VCVKUVKEU (KIWTG UJQYU VJCV VJGTG CTG UKIPKÆ’ECPV FKURCTKVKGU KP FGRTKXCVKQP YKVJKP VJG CTGC #*#'&+#70##'&!(F!,#'7&0!"($A&

*'#$%$"&# "(#$%$,-# ,+#$%$,"#

(567'89':');<=>'?@'<=AB5CDE5?; 2GQRNG FGRTKXGF KP CV NGCUV QPG FKOGPUKQP

+P QTFGT ICKP C DGVVGT WPFGTUVCPFKPI QH VJG KPFKECVQTU QH (#/"5*!75-'& 7)!7& (5"#,734& "#3!7#$& 7-& 7)#& G//-"72'574& H"#!& !$& !&/3!,#&-1&I'-03#(6#&#C,)!'6#&0#&3--I#(&!7&70-&*!"5!+3#$%& SWCNKÆ’ECVKQPU CPF GORNQ[OGPV KP ITGCVGT FGVCKN !"#$#%" &"#$#!'" !("#$#!&" !)"#$#''" '("#$#')" '*"#$#((" (+"#$#(*" +,"#$#++"

!"#$%$&&# &'#$%$'(# '!#$%$')# '*#$%$"+# ",#$%$-"# --#$%$+!# +&#$%$+*# ,(#$%$,,#

(567'8L':'&56MHIJ5KKI'K=C=K 2GQRNG JQNFKPI C FGITGG QT JKIJGT SWCNKÆ’ECVKQP

$#%$&'()#*+,#'-)#)().-$/'

(567'8F':'1?GHIJ5KKI'K=C=K 2GQRNG YKVJQWV CP[ SWCNKÆ’ECVKQP

!"#

J562"#&>K&$)-0$&7)!7&5'&!&.!F-"574&-1&7)#&-27/27&!"#!$%&+#70##'& CPF QH VJG TGUKFGPVU JCXG PQ SWCNKÆ’ECVKQPU 6JKU 6"-2/&!,,-2'7$&1-"&L=M&-1&7-7!3&/-/23!75-'&5'&7)#&&7)#&.-$7& (#/"5*#(&-27/27&!"#!A&J562"#&>N&$)-0&7)!7&3#$$&7)!'&O>M&-1& VJG TGUKFGPVU QH OQUV QWVRWV CTGCU JCXG JKIJGT SWCNKÆ’ECVKQPU H&.!F-"574&1!33$&057)5'&7)#&?LM&7-&PPM&"!'6#A&&H&,-./!"5$-'& 057)& 7)#& (#/"5*!75-'& .!/& $)-0$& 7)!7& 7)#"#& 5$& '-& ,3#!"& 35'I& DGVYGGP FGRTKXCVKQP CPF SWCNKÆ’ECVKQP FGRTKXGF QWVRWV CTGCU +#5'6& /-/23!7#(& +4& !& .!F-"574& -1& 2'$I533#(& -"& )56)34& $I533#(& /#-/3#A


!"#$%&'()'*+,-*'.+/.'.+&%&'"*'/0',1&%/22'+"#+'%/.&',3'4&,42&' -+,' +/1&' 0,.' 5&&0' &642,7&8' 3,%' /.' 2&/*.' .-,' 7&/%*9' :+"*' 6"#+.'/2*,'5&'4/%.27'&;42/"0&8'57'/'2/%#&'*.$8&0.'4,4$2/.",09' 0GXGTVJGNGUU 5QWVJYCTM YCU VJG VJ OQUV GORNQ[OGPV 8&4%"1&8' 5,%,$#+' "0' <,08,0' "0' =(>(?' *$##&*."0#' .+/.' .+&%&' .+&' 6/4' %&32&@.*' /' +"#+' %/.&' ,3' $0&642,76&0.' "0' .+&' /%&/' AB,$.+-/%C'D,$0@"2?'=(>=E9' !"#$#%&" %'"#$#%!" %("#$#)&" )'"#$#)!" )("#$#&&"

!"#$%&' >(' *+,-*' .+/.' .+&' 4&%@&0./#&' ,3' 4&,42&' "0' 5/8' ,%' 1&%7'5/8'+&/2.+'"*'2,-'"0'6,*.',3'.+&',$.4$.'/%&/*9'F,-&1&%?' /' 4,@C&.' ,3' +&/2.+' 8&4%"1/.",0' %&6/"0*' "0' .+&' &/*.' ,3' .+&' G44,%.$0".7'H%&/?'@,%%&2/."0#'-".+'.+&'2,-I*C"22*'2&1&2'6/49

&'"#$#&!" &("#$#'&" ''"#$#'!"

!"#$%&'%(%)*+,-./0,+*1 2GQRNG PQV YQTMKPI HQT CV NGCUV [GCTU

!"#$#%" &"#$#'" ("#$#)" *"#$#+!" ++"#$#+%" +&"#$#+'" +("#$#+)" +*"#$#%!"

!"#

$#%$&'()#*+,#'-)#)().-$/'

!"#$%2&%(%345%6+4.16 2GQRNG CPUYGTKPI VJG[ CTG KP DCF QT XGT[ DCF JGCNVJ

!"#$#%" &"#$#'" ("#$#)" *"#$#+" ,"#$#-!" --" -%"#$#-&" -'"#$#-("

(KI ^ .QY 'PINKUJ RTQÆ’EKGPE[ 2GQRNG PQV CDNG VQ URGCM 'PINKUJ YGNN

!"#$%&'>>'*+,-*'.+/.'.+&'G44,%.$0".7'H%&/'8,&*'0,.'*&&6'.,' HCEG NCPIWCIG KUUWGU UKPEG C UKIPKÆ’ECPV PWODGT QH QWVRWV /%&/*' +,*.' 2&**' .+/0' =J' ,3' 4&,42&' $0/52&' .,' *4&/C' K0#2"*+'

YGNN *QYGXGT VJQWIJ VJG JKIJGUV Æ’IWTGU CTG UVKNN NQY YG PQVKEG UQOG FKURCTKVKGU YKVJKP VJG CTGC +PVGTGUVKPIN[ VJG RQEMGV YG KFGPVKÆ’GF CU FGRTKXGF KP SWCNKÆ’ECVKQPU CPF JGCNVJ 6/4*'8,&*'0,.'@,%%&2/.&9':+"*'6"#+.'"08"@/.&'.+/.'".'6,*.27' +,*.*'&28&%27'4&,42&'%/.+&%'.+/0'3,%&"#0'0&-@,6&%*9 6JGUG Æ’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


!"#$%&"!'()*%'(!+(

5QWVJYCTM DQTQWIJ JCU UGGP C TKUG KP WPGORNQ[OGPV !"#$""%&'(()&*%+&'(,,-&$.#/&01%23#"45&6%"570185"%#&4.9.%2& !8&1:"4&,((;&.%&#/"&9*5"&7"4.1+&<=16#/$*4>&?16%@.0&AB==?-& '(,'!CDE/"& @644"%#& 6%"570185"%#& 4*#"& .9& ,(DF;& @157*4"+& #1& B1%+1%G9& 1:"4*00& HD,;& 6%"570185"%#& 4*#"& <=16#/$*4>& %QWPEKN 4.55% C 6JGTG CTG RGQRNG PQV $14>.%2& .%& =16#/$*4>-& 16#& 1I& $/15& J,-(((& *4"& @0*.5.%2& DGPGÆ’VU (KIWTG UJQYU VJG FKUVTKDWVKQP QH ENCKOCPVU YKVJ #/"&0*42"9#&24167&@1574.9"+&1I&&.%@*7*@.#8&@0*.5*%#9&&<JH;C-& 1I&$/15&*&5*K14.#8&*##4.!6#"&#/".4&.%*!.0.#8&#1&7*4#.@.7*#"&.%& #/"& 0*!164& 5*4>"#& #1& 5"%#*0& /"*0#/& 741!0"59& <=16#/$*4>& ?16%@.0& AB==?-& '(,'!C-& *%+& $/19"& !*44."49& #1& 4"3"%#"4.%2& VJG NCDQWT OCTMGV VJGTGHQTG OKIJV DG FKHÆ’EWNV VQ QXGTEQOG E/"& 9"@1%+& 0*42"9#& @*#"2148& .9& K1!9"">"49& <J,;C& 5*%8& 1I& $/15&5.2/#&.%@4"*9"&#/".4&"57018*!.0.#8&$.#/&#/"&4.2/#&#87"& 1I&967714#-&.%@06+.%2&9>.009&#4*.%.%2&74124*59D&&

E/"& M7714#6%.#8& N4"*& .9& @/*4*@#"4.9"+& !8& !1#/& *& /.2/& K1!93 #134"9.+"%#9& 4*#.1& *9& $"00& *9& /.2/& 6%"570185"%#-& $/.@/& $"& 9622"9#&@160+&!"&+6"&#1&*&0*@>&1I&9>.009-&1%"&>"8&+.4"@#&!*44."4& 74":"%#.%2&4"9.+"%#9&I415&*@@"99.%2&*:*.0*!0"&K1!9D&V1$":"4-& #/"&4"*91%9&I14&6%"570185"%#&*4"&@1570"U-&*%+&1#/"4&+.4"@#& DCTTKGTU VQ YQTM CTG EJKNF ECTG JGCNVJ EQPÆ’FGPEG OQVKXCVKQP 7"491%*0&.996"9&1I&+4629&*%+&*0@1/10-&/169.%2-&0"2*0&*%+&+"!#& KUUWGU QT Æ’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

L.264"& ,J& 2.:"9& *%& 1:"4:."$& 1I& #/"& "570185"%#& 9"@#149& .%& =16#/$*4>D&E/"&K1!9&#1&4"9.+"%#9&4*#.1&.%&=16#/$*4>&.9&,D,)-& *%+&$.#/.%&164&M7714#6%.#8&N4"*&#/"&4*#.1&.9&":"%&/.2/"4-&,DOF-& $.#/&#/"&5*K14&"570185"%#&9"@#14&!".%2&!69.%"99D&P+6@*#.1%& *@@16%#9& I14& ';& 1I& 1:"4*00& "570185"%#-& $.#/& B=QR& *9& #/"& 0*42"9#&"%#.#8&"57018.%2&*416%+&,-F((&7"170"D&

(KI ^ 5QWVJYCTM YGNHCTG DGPGÆ’V EWUVQOGTU =164@"S&=16#/$*4>&?16%@.0D&L.%*0&A"714#&T*8&'(,'-&*77"%+.U& (KI ^ 5QWVJYCTM DWUKPGUU DCUG =164@"S&=16#/$*4>&?16%@.0&=@46#.%8&=6!3?15.##""

W.9*!0"+

Q"4"*:"+

2WDNKE *+5.%.9#4*#.1%

V"*0#/&Y 91@.*0&$14>

P+6@*#.1%

M#/"49

T*%6I*@#64.%2 M#/"4& 9"4:.@"9

?*4"4

Q69.%"99& 9"4:.@"9

Z/10"9*0"& Y&4"#*.0

&

B1%" &7*4"%#9 V1#"09& Y&4"9#*64*%#9 E4*%9714#

,.

,-

L.%*%@.*0&9"4:.@"9 !"#

+PECRCEKV[ DGPGÆ’V @0*.5*%#9

$#%$&'()#*+,#'-)#)().-$/'

?1%9#46@#.1%

X1!9"">"49


!"#$$%!&"$'()*(

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

+,-.&/0&1&!233456&78&9:;&)<-=,>:&;?2@49,7<4=&>6>9;3 +,-.&/A&1&)?2@49,7<4=&84@,=,9,;>&=7@49;?&,<&9:;&$BB7592<,96&C5;4

PhD

Masters

University 21 y.o.

Bachelor HND

A-levels

College

College of Further Education

IB

GCSEs

18 y.o.

16 y.o.

Key stage 3

$#%$&'()#*+,#'-)#)().-$/'

Secondary School

HNC BTECs

Key stage 4 Key stage 5

University of further education

Key stage 1

Primary School

Key stage 2

11 y.o.

Nursery School

0WTUGT[ UEJQQNU 4/-5/(#$5#+)(#0 5 y.o.

Daycare Centre 3 y.o.

2TKOCT[ UEJQQNU N#5'+4/(-$05"''60

!"#

O'66#9#0 /0

@+,?#(0,),#0

/A


!"#$%&'(#)*'!'#* !"#$% &"'("'% )"*#$% !+',% -'./012.#3% 4&)!-5% +'(% &"'("'% 6"77080%"9%6"::*'.#3%4&665%$+/0%02#+;7.2$0(%(00<%1""#2%+#% =70<$+'#%>%6+2#70%?.#$%7"'8%+'(%1.@$%$.2#"1.02A%0/0'%#$"*8$% #$03%(.9901%.'%:+'3%+2<0@#2B &)!-%?+2%9"*'(0(%+2%+%<"73#0@$'.@A%?.#$%+'%"1.8.'+7%+.:%#"% C#"% <1":"#0% #$0% .'(*2#1.+7% 2,.77A% 80'01+7% ,'"?70(80A% $0+7#$% +'(%?077D;0.'8%"9%3"*'8%:0'%+'(%?":0'E%4&)!-A%FGHI5B%J$0% KPUVKVWVG YCU Æ’PCPEGF WUKPI C EQODKPCVKQP QH EJCTKVCDNG 9*'(.'8% +'(% <*;7.@% ("'+#."'2A% +'(% .#2% @"::*'.#3D"1.0'#0(% 9"@*2A% ?$.@$% $+2% ;00'% +% @$+1+@#01.2#.@% "9% #$0% *'./012.#3% #$1"*8$"*#%.#2%$.2#"13A%@"'#.'*02%#"%.'97*0'@0%#$0%*'./012.#3E2% @*11.@*7*:%+'(%+80'(+%#"%#$.2%(+3B%&)!-%.2%"'0%"9%#$0%7+1802#% 7+'("?'012%.'%#$0%+10+A%+'(%?.#$%.#2%FKAGGG%2#*(0'#2%.#%.2%+% UKIPKÆ’ECPV UVCMGJQNFGT CV 'NGRJCPV %CUVNG

&&6E2% C+'@02#"1E% .'2#.#*#."'% ?+2% 02#+;7.2$0(% .'% HMNI% +'(% OQXGF KPVQ KVU EWTTGPV NQECVKQP KP 6JG DWKNFKPI YCU C <+1#%"9%#$0%'0?%:+2#01%<7+'%9"1%=70<$+'#%>%6+2#70%(0/07"<0(%.'% VJG U .%% JCU CRRTQZKOCVGN[ UVWFGPVU CPF KU QPG "9%2.O%@"770802%#$+#%:+,02%*<%#$0%-'./012.#3%"9%P1#2%&"'("'B% +V URGEKCNKUGU KP OGFKC UVWFKGU YKVJ EQWTUGU CXCKNCDNG QP (02.8'A% +'.:+#."'A% 9+2$."'A% Q"*1'+7.2:% +'(% :+1,0#.'8A% +'(% +##1+@#2%.'#01'+#."'+7%+2%?077%+2%(":02#.@%2#*(0'#2B

(KI ^ .%% CPF .5$7ŨU UVWFGPV Æ’IWTGU )"*1@0L%&66%+'(%&)!-%?0;2.#0

+--

)@$""7%70+/012

T+#*10% 2#*(0'#2

-S R*77D#.:0

+*,%

T+#*10% 2#*(0'#2

+PVGTPCVKQPCN

2CTV VKOG

R*77D#.:0

-S

)@$""7% 70+/012

$#%$&'()#*+,#'-)#)().-$/'

+PVGTPCVKQPCN

!"#

2CTV VKOG


!"#$%&"'()'!)&*+,&)-&%.."/ !"#$ %#&$ '()*(+,,#$ (#-+.#/$ .)$ ."#$ #,'-)&,#0.$ 1)0.#2.$ 30$ 4-#'"+0.$ 5$ 6+7.-#$ 37$ ."#$ 89#-:+(#;.);<)(%=$ 71"#,#>$ !"#$ '()*(+,,#$)?.7)?(1#7$7%3--7$.(+3030*$'()*(+,,#7$.)$#0.3.3#7@$ OCKPN[ RTKXCVG CPF HQT RTQÆ’V DCUGF QP VJG CUUWORVKQP VJCV ."#$'(3A+.#$7#1.)($1+0$/#-3A#($7#(A31#7$+.$+$-)<#($1)7.@$<3."$ OQTG GHÆ’EKGPE[ VJCP VJG RWDNKE UGEVQT 6JG RTQITCOOGŨU IQXGTPOGPV DWFIGV HQT KU c DKNNKQP 6JG 1),'+03#7$+(#$B#30*$'+3/$)0$."#3($'#(:)(,+01#@$(#1#3A30*$?'$ VQ c RGT RGTUQP VJG[ JGNR Æ’PF GORNQ[OGPV NCUVKPI HQT OQTG VJCP OQPVJU !"#(#$+(#@$")<#A#(@$7#A#(+-$(37%7$+77)13+.#/$<3."$)?.7)?(130*$ UMKNNU CPF VTCKPKPI RTQITCOOGU 1PG EQPEGTP KU VJCV HQT RTQÆ’V 1),'+03#7$"+A#$+0$301#0.3A#$.)$81(#+,$+0/$'+(%=$'#)'-#$)0$ ."#$ '()*(+,,#@$ ."+.$ 37@$ ."#&$ ,3*".$ /371(3,30+.#$ B#.<##0$ '#)'-#$<3."$A+(3)?7$-#A#-7$):$#,'-)&+B3-3.&@$."#(#B&$0#*-#1.30*$ ."#$ 1),'+0&=7$ (#7')073B3-3.&$ .)<+(/7$ 3.7$ ,)7.$ A?-0#(+B-#$ '+(.313'+0.7>$

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

$012+34+5+#66+789+#/:;<=+>0=?@AB C)?(1#D$E66$+0/$ECFG$<#B73.#

H01#7.)($71"))-$)'#07$ C+30.$F(3/*#$E+0#

!"#

$#%$&'()#*+,#'-)#)().-$/'

#66 #/:;

U)A#7$30.)$1?((#0.$-)1+.3)0$+.$ 4-#'"+0.$5$6+7.-#

V'#030*$ ):$ +//3.3)0+-$ B-)1%$ +0/$0#<$#0.(+01#$B?3-/30*

W#73*0$B-)1%$)'#0#/ 3CDE 3CDF

C1"))-$#7.+B-37"#/

3DGD'FH

QS@MMM$7P,$):$ 1+,'?7$/#7.()&#/

3DID 3DIE

EJ3G 3D4G

V'#030*$):$#2.#073)0$B?3-/30*7$ +--)<30*$:)($#2'+073)0

EJJJ'JG

V'#030*$):$40.#('(37#$6#0.(#


!"#$%&'(#)*'!'#*+$,-..%&'!/$#&010#.#&! !"#$%&'() *'&+",-&%&"-) %.) -/&##-) %,$&'&'() 0,.(,$11"-2) 3.%4) 5678)$'9)5::)$,")"'($(&'();&%4)%4");&9",)<.11*'&%=2)3*%) '.%) >?"#@$,"A%.A;.,/BC) D4"=) 4$+") +.#*'%"",&'() 0,.(,$11"-) @.,) -%*9"'%-2) %4"=) 4.#9) 0*3#&<) #"<%*,"-) $'9) ,*') +$,&.*-) 0,.(,$11"-) &'+.#+&'() #.<$#) ,"-&9"'%-C) D4&-) <$') 3") -""') &') Æ’IWTG YJKEJ OCRU QWV VJG ŧ9GNHCTG VQ YQTMŨ RTQXKFGTU &') %4") E00.,%*'&%=) F,"$2) $#.'() ;&%4) %4") *'&+",-&%&"-B) #.<$#) "'($("1"'%-C

5::) $&1-) %.) >3*&#9) .') &%-) ,.#") $-) $) #"$9",) &') ;&9"'&'() RCTVKEKRCVKQPŨ .%% 6JG WPKXGTUKV[ KU YQTMKPI YKVJ VJG NQECN EQOOWPKV[ Æ’TUV CPF HQTGOQUV KP VJG HQTO QH "M4&3&%&.'-)$'9)&'-%$##$%&.'-)4"#9).')<$10*-).,)&')%4")#.<$#) $,"$C) N.,) "M$10#"2) 5::) &-) &'+.#+"9) ;&%4) %4") ="$,#=) @"-%&+$#) >O#"@"-%BC) N*,%4",1.,"2) -.1") -%*9"'%-) $,") <*,,"'%#=) ;.,/&'() YKVJ .GPF .GCUG VQ ETGCVG C YC[Æ’PFKPI RTQITCOOG HQT VJG O#"04$'%)P):$-%#"C)

5678)$&1-)%.)><.'%&'*")%.)3")$%)%4")@.,"@,.'%).@)%4")$<<"--) $'9) ;&9"'&'() 0$,%&<&0$%&.') $("'9$B) $'9) %.) >"'-*,") %4$%) G5678) &-H) $9"I*$%"#=) "I*&00"9) %.) 1""%) %4") 9&+",-") '""9-) $'9)$-0&,$%&.'-).@)-%$@@2)-%*9"'%-)$'9)%4");&9",)<.11*'&%=B)

.5$7 +P VJG EQPVGZV QH WPKXGTUKV[ GPICIGOGPV ;&9"'&'() 0$,%&<&0$%&.') &-) %4") 1.-%) 9"+"#.0"9) 0,$<%&<") $'9)0.#&<=)$'9)5678)&-)#"$9&'()&')%4")8J);4"')&%)<.1"-)%.) <,"$%&'() .00.,%*'&%&"-) @.,) -%*9"'%-) @,.1) #"--) $9+$'%$("9) 3$</(,.*'9-C) :*,,"'%#=) 5678) ;.,/) <#.-"#=) ;&%4) KL) #.<$#) -<4..#-C) D4") *'&+",-&%=) $#-.) ,*'-) 0,.(,$11"-) &') %4") #.<$#) $,"$)-*<4)$-)%4")"'%",0,&-")<"'%,"2)$'9)$)#$;)<#&'&<)%4$%).@@",-) #"($#)$9+&<")%.)#.<$#),"-&9"'%-C

Q.;"+",2) 3.%4) *'&+",-&%&"-) 1.-%#=) "'($(") ;&%4) <.11*'&%=) .,($'&-$%&.'-)#.<$%"9).*%-&9").@)%4")E00.,%*'&%=)F,"$2)$-)&-) KNNWUVTCVGF KP Æ’IWTG 6JG Æ’IWTG KU DCUGF QP KPHQTOCVKQP QH <*,,"'%)<.11*'&%=)"'($("1"'%)@.,)3.%4)*'&+",-&%&"-2)3*%)&-) PQV GZJCWUVKXG 0GXGTVJGNGUU KV IKXGU C UGPUG QH VJG YQTM VJG WPKXGTUKVKGU CTG FQKPI CPF KFGPVKÆ’GU VJG NKOKVGF EQNNCDQTCVKQP ;&%4).,($'&-$%&.'-);&%4&')%4")E00.,%*'&%=)F,"$C

67

6E

!"#

$#%$&'()#*+,#'-)#)().-$/'

2345$67$8$9*:%+;$<=>?@;$ABCD=B<A 2345$6E$8$9,,+;$>=3B$F@3GH3B4


!

&!!

"!!

#!!

$!!

%!!

&'!!! ()*)+,

0(/1!23!4!#5667.(89!,:*57,;:*<!*'())*!8,-(.(./!=,5>(?:,*!@! 7.(>:,*(8(:*A!!:./-/:6:.8

21

5

23

11 13

8 M

1

12

18

19

6

L I

H

B

J

K

15

4 F

17 14

10

2 9

!"#

$#%$&'()#*+,#'-)#)().-$/'

7

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

16

D A E C G !!!!!!!!!!$'())*!+,-(.(./ # +PURKTG 9"#@3. $"#@K$ D"#9+Q&>'1+ ."#./+F5:&1#R76* P"##P:;+*#'%* ) +PURKTG * ,QD %GPVTG 2NWU + .QPFQP -PQYNGFIG +PPQXCVKQP %GPVTG R"#S7;<'&(5:,#$7,,%&'1T#$+&1=+ U"#>7%15I:=<#G7=<* K"#V5+#$/:=+&;+#$+&1=+# HQT 'PVTGRTKUG CPF +PPQXCVKQP )"#V5+#O=+:1#$+&1=+ 2+E+&1#5:FF+&'&(#:1#&7#F=+;'*+#/7;:1'7&#*7#&71#=+F7=1+L#7&#15+#,:F" 0QVG CTTQYU TGHGT VQ QTICPKUCVKQPU QT GXGPVU YJKEJ WPKXGTUKVKGU CTG GPICIKPI YKVJ 6%1#/7;:1+L#7%1*'L+#70#15+#:=+:"

20

22


!"##$%&'()*+,-".$(%* +P QTFGT VQ DGVVGT WPFGTUVCPF JQY RGQRNG WUG CPF OQXG !"#$%&"'!"(')*+,(-'.('(/*0$1(2'!.$'2344(#(5!'$6)(#7+!3$5+0' /(!"$2$0$&3()'6+)(2'$5'8+5'9("0:)'.$#;'<9("0'+52'=7+##(-' +P VJG Æ’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

F$.(7(#-'+0!"$%&"'!"(#('.+)'+')%6)!+5!3+0'+/$%5!'$4'*($*0(' 35' !#+5)3!' +!' +00' !3/()' $4' !"(' 2+1-' !"(' #+!3$' $4' )$,3+0' !#+5)3!' 7+#3(2G' +!' 0%5,"!3/(-' "+04' $4' !"(' !#+5)3!' .+)' 35' &#$%*)H' !"3)' )!#$5&01',$5!#+)!)'.3!"'!"('/$#535&'!#(52-'."3,"',$5)!3!%!()' QPN[ QH QXGTCNN VTCPUKV UGG Æ’IWTGU CPF I(,+%)(' !"3)' (D(#,3)(' 357$07()' ,$%5!35&' *($*0(' )!+5235&' 35' QT RCUUKPI VJTQWIJ C URGEKÆ’E CTGC FGPUKV[ VTGPFU ECP CNUQ 6(' 2(!(#/35(2?' @"(' !.$' (2&()' 61' !"(' !%6(' )!+!3$5)' "+7(' *+#!3,%0+#01'"3&"'2(5)3!1?'J%#'#()(+#,"')%**$#!)'(D3)!35&'2+!+' )"$.35&'!"+!'K0(*"+5!'L'M+)!0(:)'5$#!"(#5'#$%52+6$%!-'+52' 3!)' *#$*$)(2' *(535)%0+#3)+!3$5-' 3)' ,"+#+,!(#3)(2' 61' !#+5)3!?' @4N' ,$%5!)' OP-EEE' *(2()!#3+5)-' 35' +223!3$5' !$' $7(#' O>->EE' 6%)()-' O-QEE' ,1,03)!)' +52' C-REE' ,+#)' *+))35&' !"#$%&"' !"(' #$%52+6$%!'$5'+'.((;2+1-'/+;35&'3!'$5('$4'!"('6%)3()!'!#+5)3!' "%6)'35'N$52$5'<A3003+/)-'SEOST?

/012'34'5'6789:;<<='>0=;'7?=@0A<B'8<:CD=:'7A'A<E<::@8F'@AB' 7G=07A@D'@E=0H0=0<:

;%.4(),( $3,-

&/!

;%.4(),(0,( $,6")3*!7

;%.4(),(0,( %(1,<

;%.4(),(0,( "&&%!0$

#'#."

;%.4( %*6."$$.' ,!(-3,!"

$)%!0(),( 0"%.(;*)3( 3*!0&%!#"

$)%!0(),( 7&"")(9()%.4

$)%!0(),( .,,4(%)( $,6")3*!7

$)%!0(),( ;%*)

$)%!0(),(0,( $,6")3*!7

$*)(),(0,

$*)(),(&"$) $*)(),(0&*!4

8)*"($3,"(9(+"&*2'( .,#%)*,!:

;%.4(),( ;*!0,;( $3,-

$)&,..

$)%!0(),( )&%0"

$)%!0(),( "%)

$)%!0(),( "!1,'(.*2"

$)%!0(),( .,,4(%)( %#)*+*)'

$)%!0(,!( -3,!"

$)%!0(),(0,( $,6")3*!7

$*)(),( $/-"&+*$"

$*)(,!( -3,!"

$*)(),( "%)

8)%4*!7(-*#)/&"(9( 2""0*!7(-*7",!$:

$)%!0(),( 5/"!#3( )3*&$)

$*)(),( &"%0

$*)(),( "!1,'(.*2" $*)(),( "!1,'($/!

!"#

WALK STAND SIT

)&%!$*)

$#%$&'()#*+,#'-)#)().-$/'

,-)*,!%.(%#)*+*)*"$

!"#"$$%&'(%#)*+*)*"$(


!"#$%&&%'%()*)++,-.%,/0%123"1/,4%,*3"5"3")+

!"#"$$%&'

()*+(!%,

=>?

!"#$%&6%'%7-,/+"3%"/%38)%91-/"/# !"#$%&:%'%7-,/+"3%,3%4;/*83"9) !"#$%&<%'%7-,/+"3%"/%38)%)5)/"/#

!"#$%&'(#)$*$)+

!"#$%&'('))) *)

+)

,)

-)

.)

/)

0)

1)

&&&'))&2

&6

!!"

')

#"$#%&'(")*+"&,("('(-,#.&

+PFKXKFWCN #EVKXKV[

&:

&<

!"#$%&'('))) )

!"#$%&'('))) +)

,)

-)

.)

/)

0)

1)

&&&'))&2

')

*)

+)

,)

-)

!"#$%&'('))) .)

/)

0)

1)

&&&'))&2

)

')

*)

+)

,)

-)

!"#$%&'('))) .)

/)

0)

1)

&&&'))&2

)

')

*)

+)

,)

-)

.)

/)

0)

1)

&&&'))&2


!"#$%&'( !"#$%&'()*+,#+-'./".'0(*.'1+(12+'.,"%*$.',"./+,'./"%'*1+%-' .$0+'$%'./+'",+"3'4+'2((5+-'".'/(4'1+(12+'0(#+'./,(6&/'./+' *1"7+8'9/$*'*+7(%-'+:+,7$*+'7(%*$*.+-'(;'.,"75$%&'1+(12+';(,' 61'.('<'0$%6.+*8'9/+$,'0(#+0+%.'1"..+,%*'"%-'*1++-'4+,+' 0"11+-' ".' (%+=0$%6.+' $%.+,#"2*3' 4/$7/' "22(4+-' ;(,' ./+$,' "#+,"&+' *1++-' .(' )+' 7"2762".+-8' >+' 0"-+' "11,(:$0".+2?' @AB'()*+,#".$(%*' (#+,' .4(' -"?*' "%-' .4(' -$;;+,+%.' .$0+*' (;' VJG FC[ YJKEJ CTG UJQYP QP Æ’IWTG 6JG EQNQWTU QH VJG .,"C+7.(,$+*'#",?'"77(,-$%&'.('"'D=7(2(6,'*7"2+3'4/+,+';"*.+,' *1++-*'/"#+'7(,,+*1(%-$%&'-",5+,'7(2(6,8'

>/".'4+'."5+';,(0'./$*',+*+",7/'$*'./".'./+,+'$*'"'%6"%7+-' .,"%*$.(,?'1(162".$(%'$%'I2+1/"%.'J'K"*.2+'./".'(#+,4/+20*' "%?'(./+,'6*+*8'9/+'*6)4"?*'"%-'2"75'(;'1+-+*.,$"%'7,(**$%&' 2+"-*' .(' "' /(*.$2+' +%#$,(%0+%.' ./".' +%7(6,"&+*' 1+(12+' .(' 0(#+'./,(6&/'./+'*1"7+'"*';"*.'"*'1(**$)2+8'I*.")2$*/$%&'/(4' .('+%&"&+'./$*'1(162".$(%'$*'5+?8'

E9,"75+-'1+(12+F'4+,+'%(.'1",.'(;'"',+1,+*+%.".$#+'*+2+7.$(%3' PQT UWHÆ’EKGPV KP PWODGT TGNCVKXG VQ VJG QXGTCNN YCNMKPI 1(162".$(%8' 9/+,+;(,+' ./$*' *6,#+?' $*' %(.' G6"%.$.".$#+3' )6.' 1,(#$-+*' "' G6"2$.".$#+' *6&&+*.$(%' (;' .,+%-*' $%' .,"%*$.8' H*' 4$./'./+'"7.$#$.?'()*+,#".$(%*3'./+'.6)+'*.".$(%'+-&+*'",+'./+' OQUV ETQYFGF CPF Æ’IWTGU CPF UJQY VJCV OQTPKPI CPF NWPEJVKOG VTGPFU FKHHGT 2GQRNG VGPF VQ NQECVG QP VJG PQTVJ QH ./+',(6%-")(6.'$%'./+'0(,%$%&'"%-'0(#+'.(4",-*'./+'*(6./' ".'26%7/.$0+8'

./

.;

.?

-./01+"2"!!! !

"!

#!

$!

%!

&!

!""#

$#%$&'()#*+,#'-)#)().-$/'

)*+,-./-0-1234566-74589*:+ )*+,-.;-0-!4589*:+-*:-7<3-=>4:*:+ )*+,-.?-0-!4589*:+-57-6@:8<7*=3

-./01+"2"!!!

-./01+"2"!!! '!

(!

)!

*!

+++"!!+,

!

"!

#!

$!

%!

&!

'!

(!

)!

*!

+++"!!+,

!

"!

#!

$!

%!

&!

'!

(!

)!

*!

+++"!!+,


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Æ’ECPV FGXGNQROGPV CPF -);%'")6)%+5%'19."6%()&.,%#$&#%;"..%9)%6+,"-4@%E1".*"-4%5(+,% +1(%"-"#"&.%01)3#"+-3:%#$)%6+-2)(3&#"+-%;&3%41"*)*%9/%;$)#$)(% #$)% "-#)(2");))% 3&;% +''+(#1-"#")3:% ("3<3% +(% F(+&*9.+6<3G% #+% )-4&4"-4% ;"#$% #$)% &36("9)*% "331)3@% H$)% "-#)(2");))3% (&-4)% &(+1-*% =3#&#)% I&-&4)(3:% 3#1*)-#3:% 6+,,1-"#/% '(+4(&,,)% ;+(<)(3:%&-*%&%9"-4+%$&..%),'.+/)):%#+%-&,)%J13#%&%5);@

H$)3)% "-#)(2");3% "-5+(,% #$)% #$"-<"-4% 9)$"-*% +1(% '(+J)6#@% +P QTFGT VQ IWKFG VJG EQPEGRVWCNKUCVKQP QH VJG KUUWGU CPF VJG HQNNQYKPI RTQLGEV Æ’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

!"!#

$#%$&'()#*+,#'-)#)().-$/'

!"#$%&'%(%)"**+,+-.%/012"-#%34++53


!"4$*5" ""&6,-*$)%

!"7//" ""(,&6$%2

!

!"#! !">5$((*"*,-6$'," ""6$*$@$($.;

!"#( !"7&'5")8" ""6$*$)%

$

!"?%$6,-*$.;" ""6$*$@$($.;

$"#!"#("#'

!">1&',"8)-" "",A1&%*$)%

!

!"#(' !"9%'-,&*,+" ""*,%*,")8"1(&',

!"#$%&%'$&(" ""')%*$+,-&.$)%*

$"#%&"#("#'

!"#$"#%&

!">)'$&(" ""%,.<)-5$%2

%& !"4,*)3-'," ""%,.<)-5$%2

%&"#(' )GPVTKÆ’ECVKQP

("-./0%+01(+

$"#(

!"#("#$

!":')%)0$'" ""2-)<.=

%&

!"B)-.=,-% ""C'-,,1D

!"/;%$'$*0

$"#!"#(

!"#(

!"/)003%$.;" ""-,*)3-',*

$

!"7)**")8"')00,-'$&( ""+$6,-*$.;

!"#("#$

$

!"/)01,.$%2" "")11)-.3%$.$,*"

!":01();0,%. "")11)-.3%$.$,*

!"#'

!"#$%&'%(%)"*+*%,%-../0123"1"4*%5610"7

!">5$((*" ""-,*)3-',

!">)'$&( ""$%.,2-&.$)%

$"#(

+UUWG 4CKUGF !"#$%& '()& !*++,-"#(& .!/0& 1#,%$-#2& .1/0& 3*456& 7,#8*9"#(& .37/0& 7PKXGTUKV[ /CPCIGOGPV 7 5MKNNU 6TCKPKPI 2TQXKFGT 56

%''%()*+"),

("#%&

$%&

%$&%'()*$+,-$(.*$*)*/.%0(

!"#%&

!"#$

!">5$((*".-&$%$%2" ""&<&-,%,**

!"7&'5")8"*)'$&("6&(3, ""')%*$+,-&.$)%


!"#$%&'%()*)&+ !" #$%&$'(&" )*(+" ,-" .$%$,'" /*%" 0*$%1#" 23" &41" 5*'*6151'&" *&" DQVJ WPKXGTUKVKGU CU C UKIPKÆ’ECPV TQCFDNQEM VQ GPICIKPI /$&4" '1/" ,77,0&8'$&$1%9" :4$%" #$#" ',&" '1(1%%*0$)3" 01-)1(&" &41" 7,%$&$,'" ,-" &41" $'&10.$1/11%" &415%1).1%" 28&" &4*&" ,-" 4$6410" 5*'*6151'&;" 1%71($*))3" /41'" *%+1#" *2,8&" 4,/" 7,&1'&$*)" .*)81"(01*&1#"23"'1/"70,<1(&%"$%"*((,8'&1#"-,09"=.10(,5$'6" VJG PCTTQY HQEWU QP Æ’PCPEKCN TGVWTP QP RTQLGEVU KU ETWEKCN $'" ,0#10" &," 1'(,80*61" 5*'*6151'&" *'#" %&*+14,)#10%" *&" *))" )1.1)%" /$&4$'" &41" 8'$.10%$&$1%" &," 1'6*61" /$&4" /$#10" %,($*)" KUUWGU KP VJG CTGC 1WT Æ’PFKPI KU VJWU VJCV XCNWG HTCOGYQTMU *01"+13"&,"1'(,80*61"601*&10".$%$,'>"/$&4,8&"*"21&&10"$'%$64&" $'&," &41" %,($*)" .*)81" 8'$.10%$&$1%" 61'10*&1;" /1" 5$%%" *'" $57,0&*'&" ,77,0&8'$&3" &," *(4$1.1" 5,01" /$&4" )1%%" ?@1))3" *'#" /E0KEQNN A1" #,'B&" (,'%$#10" %,($*)" .*)81%" /41'" 5*+$'6" $'.1%&51'&" #1($%$,'%" C999D" :4101" $%'B&" 58(4" *771&$&1" -,0"0$%+"$'"%1'$,0")1*#10%4$79"?E'$.10%$&3"F*'*6151'&" +PVGTXKGYGG

!"#$

%$&%'()*$+,-$(.*$*)*/.%0(

:41"*01"*"'85210",-"-0*51/,0+%"&4*&"*&&157&"&,"1G7*'#"&41" FGÆ’PKVKQPU QH XCNWG CPF JGPEG UWRRQTV VJG YKFGT XKUKQP QH C RTQLGEV )QKPI DG[QPF UKORN[ Æ’PCPEKCN EQPUKFGTCVKQPU KP VJG CUUGUUOGPV QH RTQITCOOGU CPF RQNKEKGU EQUV DGPGÆ’V *'*)3%$%;",0"&0$7)1H2,&&,5H)$'1"(,'%$#10*&$,'%"*01"1G*57)1%",-" JQY UQEKCN XCNWG ECP DG DTQWIJV KPVQ EQPUKFGTCVKQP +PVGITCN VQ VJKU KU VJG KFGPVKÆ’ECVKQP QH ŧQWVEQOGUŨ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ŧ*KVVKPI VJG 6CTIGV /KUUKPI VJG 2QKPVŨ K101;"*6*$'%&"&41"2*(+#0,7",-"$'(01*%$'6"$'1L8*)$&$1%"$'"&41" E@"$001%71(&$.1",-"$'.1%&51'&"*'#"#1.1),751'&;"*"(4*'61"$'" /4*&"$%"51*%801#"$%"*#.,(*&1#9"

$[ ŧOGCUWTKPI YJCV OCVVGTUŨ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ŧ2GQRNG EGPVTKEŨ KPFKECVQTU ,-"/4*&"(4*'61"$%"/*'&1#"*'#"'11#1#"41)7%"$'(,07,0*&1"%,($*)" (,'%$#10*&$,'%"$'&,"&41"(,'(17&$,';",710*&$,'"*'#"1.*)8*&$,'" ,-"#1.1),751'&%9"?MQ"S*&*"(,))1(&$,'"&,"%877,0&",8&(,51"*'#" $57*(&"*06851'&%;"%,"&4*&"I,8&(,51%B"(*'"21"#$--101'&$*&1#" ,.10" I,8&78&%B" " $'" 2,&4" #1%$6'" *'#" ,710*&$,'9" ?TQ" U8$)#$'6" *" 541+ OQFGN VQ KPHQTO FGXGNQROGPV RTQRQUCNU CNQPIUKFG Æ’PCPEKCN OQFGNU 4GRQTV CPF TGURQPF VQ OGCUWTGOGPV #*&*9" S1.1),751'&%" *01" *" 70,(1%%" ,-" *((01&$,';" &," #$--10$'6" GZVGPVU 4GVWTPKPI VQ 541+ OGCUWTGOGPVU CPF CNNQYKPI VJGO &,"$'-,05"&41"#1.1),751'&"70,(1%%;"58(4"$'"&41"%*51"/*3" EJCPIGU KP Æ’PCPEKCN EQPFKVKQPU YQWNF VTCFKVKQPCNN[ CHHGEV *" #1.1),751'&;" 41)7" %,($*)" ,8&(,51%" 6*$'" %877,0&" *'#" 01%$)$1'(19" :4101"'11#%"&,"21"*"20$#61"21&/11'"&41"I'*00*&$.1",-".*)81B" /41'"&4$'+$'6"*2,8&"71,7)1B%".$%$,'"-,0"*"70,<1(&;"*'#"*"4*0#" L8*'&$&*&$.1" .*)8*&$,'" -0*51/,0+9" U3" 5*+$'6" .$%$2)1" *'#" 51*%80*2)1"&4,%1"&4$'6%"&4*&"*01"',&"8%8*))3"1.*)8*&1#"28&" 1%%1'&$*)" &," &41" 01%$)$1'(1" ,-" *" 01%,80(1;" *" .$%$,'" /,8)#" 21" 5*#1"5,01"7*)*&*2)1"&,"+13"%&*+14,)#10%9"


?@4@A@=@BC !"#$"#%&'()*+'*,)'"#-.)/".0&'&,%%.&-.$'-12-'./.)3*#.'02#-&' +*).'/"&"4"5"-36'&-,$.#-&'02#-'.78*&,).9',#"/.)&"-".&'02#-'-*' TCKUG VJGKT RTQÆ’NG EQOOWPKV[ RTQITCOOGU YCPV VQ DG UGGP )2-1.)'-12#'-,:;.$'2023'"#':1.28'&"-.&'*(('-1.'4.2-.#'-)2:;<' 6JG URCEG FGÆ’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Æ’EKCN TGNCVKQPUJKRU YKVJ FKUCFXCPVCIGF EQOOWPKVKGU +V PWCPEGU VJG KFGCU QH CEEGUU 2#$'/"&"4"5"-3'43'.+812&"&"#%'-1.'*,-&"$.)H&'8.)&8.:-"/.I

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

&'

&<

!"#$

%$&%'()*$+,-$(.*$*)*/.%0(

!"#$%&'%(%)*+,-./0%1%2.30*+%4-5,,"/#%2+/06+%6+.78%956%6+7+:+*5,;+/0% !"#$%&<%(%=22%40>7+/03


!"#$#%"$&'%(#)"*+,$-"(#) +PETGCUGF XKUKDKNKV[ CPF RTQITCOOCVKE GZRQUWTG YQWNF !"#$%!"&'&($%)*+,-!./&01%21&%3+*$!3&0-$)4&1'5"&*-&("&6'%4&,-!7& 8-2%')&!"*$!39&-3&%35"9*."3*&'!"&3-*&"'9%):&.-3"*%9"4&'34&%3& UQOG ECUGU CEVKXGN[ RTQJKDKV OQPGVKUCVKQP *QYGXGT Æ’PCPEKCN 2-39%4"!'*%-3&0'9&2%*"4&(:&$3%5"!9%*%"9/&2-..$3%*:&0-!;"!9& '34&*1"&)-2')&'$*1-!%*:&'9&'&;":&21'))"3<"&*-&"3<'<%3<&0%*1& 9-2%')& %99$"9& '34& 6$()%2& !"').& 4"5")-6."3*9/& 6'!*%2$)'!):& YJGP WPKXGTUKVKGU Æ’PF KV FKHÆ’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ŨU CODKVKQP KU VJCV %+. OQPG[ YQWNF DG URGPV QP RTQLGEVU FGÆ’PGF D[ NQECN RNCPU CU RCTV -,&*1"&D-2')%9.&E2*&,!'."0-!;7&N-0"5"!/&%3&*1"&'(9"32"&-,& '3:& )-2')& 6)'3& ("%3<& "9*'()%91"4& ,-!& *1"& H)"61'3*& I& J'9*)"& K66-!*$3%*:&E!"'/&*1"!"&!".'%39&'&3""4&,-!&'&,-2$9&,-!&%*&*-& ("&96"3*&-37& +V KU KORQTVCPV VQ IGV C RNCP KP RNCEG DGHQTG 4"5")-6."3*& '66)%2'*%-39& '!"& .'4"/& -*1"!0%9"& 5GEVKQP OQPG[ ECP DG USWCPFGTGF 5VGRJGP O%*1"!,-!4/& O%*1"!,-!4& O'*9-3& C'33& E!21%*"2*9/& ?@APB

!"#$

%$&%'()*$+,-$(.*$*)*/.%0(

5GEVKQP CPF %+. KU C YGNN GUVCDNKUJGF HTCOGYQTM HQT Æ’PCPEKPI CURGEVU QH EGTVCKP FGXGNQROGPVU VJCV CTG KORQTVCPV VQ C EQOOWPKV[ 5QEKCN JQWUKPI CU C RTQFWEV QH 5GEVKQP -3&!"9%4"3*%')&4"5")-6."3*9&%9&')!"'4:&6!"9"3*&%3&H)"61'3*&I& J'9*)"7&G,DQ9&.'9*"!&6)'3&,-!&*1"&!"4"5")-6."3*&-,&*1"%!&*$("& 9*'*%-3&'34&2!"'*%-3&-,&'&3"0&6$()%2&!"').&96'2"&%3&H)"61'3*& %CUVNG KU RTGFKECVGF QP %+. OQPG[

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ŧPQP RTQÆ’VŨ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Æ’V RTQXKFGT OCMKPI VJG 6!-<!'.."&.-!"&!"9%)%"3*7&&


!"#!"$%&$'()*"

;0($ +/.%,2$ #(+"2'$ /4$ ,&$ ,7+(&.($ /4$ +(&+($ /4$ 52,.($ .,&$ 7($ %22"+'#,'(-$7<$'0($+'/#<$/4$,&$=HIJ$1#,-",'($*0/$0,+$+('$"5$,$ </"'0$+9%22+$5#/1#,88($%&$0%+$0/8($'/*&$/4$K,#'4/#-:$K(+5%'($ '0($4,.'$0($8,<$0,)($+5(&'$L$<(,#+$/4$0%+$2%4($%&$M2(50,&'$N$ O,+'2($,&-$'0,'$'0(#($8,<$7($,$-(+5(#,'($&((-$4/#$0%+$+9%22+$%&$ '0($&(%107/"#0//-A$0($-/(+$&/'$0,)($,$5(#+/&,2$1(/1#,50<$ '0,'$(&./"#,1(+$0%8$'/$,552<$'0(+($+9%22+$'/$'0($%88(-%,'($ &(%107/"#0//-:$

R0%2+'$ '0($ #('"#&$ '/$ 4,8%2%,#$ 5(#+/&,2$ 1(/1#,50%(+$ %+$ '/$ 7($ GZRGEVGF QWT Æ’PFKPIU UWIIGUV VJCV KH VJGTG YCU C DWKNV HQTO ,&-$ 5#/1#,88,'%.$ 8(.0,&%+8+$ '/$ 0(25$ .#(,'($ ,$ +(&+($ /4$ 52,.(A$'0(&$'0(#($*/"2-$7($,$5/'(&'%,2$#(,+/&A$,&-$(&'0"+%,+8$ 4/#A$(&1,1(8(&'$,&-$+0,#%&1$/4$#(+/"#.(+$2/.,22<:$$$

%$&%'()*$+,-$(.*$*)*/.%0(

!"#$)%+%/&$4/#$'0($+?",#(@$*($*,&'$'/$'"#&$%'$%&'/$,$5"72%.$ +5,.(A$*0(#($5(/52($-*(22:$B;4=$%&'(#)%(*((A$CDEFG$$

;QW ET[ YJGP [QW Æ’TUV CTTKXG CV 'NGRJCPV %CUVNG $WV '0(&$</"$.#<$*0(&$</"$1#,-",'($,&-$%'6+$'%8($'/$2(,)($ P:::Q$;0($/#1,&%+,'%/&+$*(6-$2//9$'/$*/#9$4/#$-/&6'$0,)($ ,$52,.($%&$'0($,#(,:$B=OO$H'"-(&'A$CDEFG

!"#$

!"#$ %&'(#)%(*+$ ,&-$ -%+."++%/&+$ *%'0$ +'"-(&'+$ 0%102%10'(-$ 3+(&+($/4$52,.(6$,+$7(%&1$+/8('0%&1$'0,'$*,+$2,.9%&1$%&$'0($ ,#(,$7"'$5#(),2(&'$%&$'0(%#$8%&-+:$;0($/55/#'"&%'%(+$,&-$),2"($ '/$7($1,%&(-$7<$+"..(++4"22<$."#,'%&1$,$+(&+($/4$52,.($4/#$,$ &(*$5"72%.$#(,28$*,+$,'$'0($4/#(4#/&'$/4$'0($'0%&9%&1$/4$7/'0$ '0($=/.,2$>"'0/#%'<$,&-$;4=:$


!"#$%&!"#'()'*$%+!,)-$.+--$ +-*$!(/$.+,!#'$0/+!""# $%&# '(()&(# *&$+'"&*# +,-.&# /&0&# '1# $%&# 2-1$&3$# -4# +# RTQRQUGF PGY OCUVGT RNCP 6JG RNCP YCU Æ’TUV EQPEGRVWCNKUGF ,5#6-)$%/+07#8-)12'"#'1#9::;#<='>?@@A#+1*#B:#5&+0(#"+$&0C#-1# $%&#B9$%#-4#D+02%#9:B;C#E4F#"+)12%&*#+#2-1()"$+$'-1#-1#$%&# GH&1'1()"+0'(+$'-1I# -4# $%&# >50+$-05# (5($&JC# "--7'1># $-/+0*(# '$(#2-1($0)2$'-1#/'$%'1#$%&#*&2+*&?#E%&#*&('>1#+**0&((&(#$%&# ,+('2#(H+$'+"#($0)2$)0&#-4#$%'(#(H+2&?# K&# *'*# 2-1('*&0# (-2'+"# .+")&# +(# ,-$%# (-J&$%'1># -4# ITGCV XCNWG CPF UQOGVJKPI VQ VT[ CPF Æ’PF EQPVKPWKV[ 4-0# L???M# K&# +"(-# J+*&# '$# 2"&+0# $%+$# $%&# &1&0>5# +1*# KFGCU QH VJG UVWFGPVU JCF VQ Æ’PF RWDNKE GZRTGUUKQP KP VJG PGY RWDNKE URCEGU + YQWNF UC[ VJGUG GZKUVKPI &*)2+$'-1#'1($'$)$'-1(#+0&#20'$'2+"#$-#$%&#4)$)0&#-4#$%&# N"&H%+1$#L???M#O)0#$+2$'2#-1#$%&#&($+,"'(%&*#(-2'+"#.+")&# +$#$%&#N"&H%+1$#'(#$-#'12-0H-0+$&#'$#'1#-)0#$%'17'1>#+1*# 1+00+$'.&C#+1*#+$#+#2&0$+'1#H-'1$#'1#$%&#H0-P&2$C#$-#,0'1># '$#$-#$%&#4-0&?#<6$&H%&1#K'$%&04-0*C#K'$%&04-0*#K+$(-1# D+11#!02%'$&2$(C#9:B;A

44

K'$%&04-0*#K+$(-1#D+11#!02%'$&2$(#%+.&#,&&1#2-1()"$&*#,5# E4F# '1# $%&# *&.&"-HJ&1$# -4# $%'(# 2)00&1$# H0-H-(+"?# Q-/&.&0C# $%&#(-2'+"#+(H&2$(#-4#$%&#H0&*-J'1+1$"5#'140+($0)2$)0&#,+(&*# J+($&0H"+1# %+.&# 1-$# 5&$# 2-J&# $-# $%&# 4-0&?# K%'"&# $%&(&# H0-H-('$'-1(# +0&# +&($%&$'2+""5# H"&+('1>C# $%&5# "+27# $%&# +,'"'$5# $-#(),($+1$'+""5#2%+1>&#$%&#(-2'+"#*51+J'2#-4#$%&#(H+2&?

!"#$

%$&%'()*$+,-$(.*$*)*/.%0(

!"#$0'#*&I!#*$'#,J/!

48

2GFGUVTKCP RCVVGTPU KP VJG GZKUVKPI 'NGRJCPV %CUVNG TQWPFCDQWV JCXG TGXGCNGF JKIJ EQPEGPVTCVKQPU QH VTCHÆ’E 2'02)"+$'1>#-1#$%&#-)$&0#H&0'J&$&0?#E%&(&#H+$$&01(#+"(-#(%-/# J-.&J&1$#$%0-)>%#+#2-1.-")$&*#$)11&"#(2%&J&#2-11&2$'1># 7&5#"-2+$'-1(#+0-)1*#$%&#&*>&(?#K'$%#$%&#'JH"&J&1$+$'-1#-4# +#1&/#E4F#J+($&0#H"+1C#/&#H0&*'2$#$%+$#H&*&($0'+1(#/'""#J-.&# &+('"5# $%0-)>%# $%&# 2&1$0&# -4# $%&# 0-)1*+,-)$# ,)$# $%&5# /'""# 1-$#,&#>'.&1#+#0&+(-1#$-#("-/#*-/1#-0#(H&1*#+15#$'J&#$%&0&#

(KI +H VJG IQCN CU JCU DGGP UVCVGF D[ 6H. CPF YKVJKP VJG 5QWVJYCTM 5WRRNGOGPVCT[ 2NCPPKPI &QEWOGPV 52& '(#$-#20&+$&#+#J-0&#H"&+(+1$#$-/1#2&1$0&#+1*#>'.&#$%&#+0&+# +#>0&+$&0#(&1(&#-4#H"+2&C#H&-H"&#J)($#*&('0&#$-#(H&1*#$'J&# $%&0&C#1-$#P)($#$0+1('$#$%0-)>%?#########

(123$44$5$6778$.9:;<=$>?9@ 6-)02&R#///?"-1*-1S(&B?2-?)7 (123$48$5$67A8$!B/$.9:;<=$>?9@ 6-)02&R#E4"C#9:B; (123$4C$5$0=<D1E;<D$B?FG:$1@$;H<$ 67A8$!B?$.9:;<=$>?9@

4C


!"#$%&$"#!'"

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

04122766I, 19<, 876*71II5, @A1B5 %5B5A3)69 06==55,@J6A

()*+,-G,/,012345,(4667,8419,:,H23,=4667

%&! !"#$

%&! !"#$

(45>)?45, @A1B5,

%&! !"#$

%&! !"#$

()*+,-K,/,!9357L593)69,2)35,A419 %&! %&!

%&!

!"#$

!"#$ %&! !"#$

!"#$ %&! !"#$

%&!,! #'()

%&!,! #'()

%&! !"#$

%&! *'+

()*+,-.,/,012345,(4667,8419,:,;9<,=4667

%&! !"#$

#$

#'()

%&! !"#$

%&! *'+

%&! !"#$ %&! !"#$

(*',

%&! !"#$

%&! !"#$

%&! !"#$

%&! !"#$

%66=, F17<59

%&! !"#$

()*+,-C,/,012345,(4667,8419,:,-7<,=4667

%&! !"#$ %&! !"#$

4

24

54

64

74

84

94

:4

;4

<4

1112441=

%&! !"#$

!-./01232444

!"#$

%&! !"#$

%&! !"#$

%$&%'()*$+,-$(.*$*)*/.%0(

%&! !"#$

@3D<E, @A1B5,

%&! !"#$


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

=%$,('*>"(.%'

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

23,45%)+(6(7%.+3,

!"#$%&'%(%)'*&%+,-%./0123%45/6%720"#6%8961/#2 !"#$%&*%(%-/3#2%0:/52%;/0152%720"#6%8961/#2 !"#$%&)%(%<8/55%0:/52%;/0152%720"#6%8961/#2

84"#)1(9:;<

%$&%'()*$+,-$(.*$*)*/.%0(

&'

!"#$

,)&#&3"

9KVJ Æ’PFKPIU UJQYKPI VJCV UMKNNU VTCKPKPI EGPVTGU KP VJG CTGC NCEM URCEG JCXG KPUWHÆ’EKGPV XKUKDKNKV[ VQ VJQUG VJCV QHVGP PGGF !"#$%&'#%($)#'&*+,&,-&+-!&$+!#%*)!&-%&'"*%#&%#'-.%)#'&/$!"&-!"#%& -%0*+$'*!$-+'1&!"#&2*'!3#&4%-($,#'&*&43*!5-%6&5-%&!"$'&!-&!*7#& 43*)#8&9,,$!$-+*33:1&/$!"&;22&*+,&;<=>&*3'-&3*)7$+0&($'$?$3$!:& *+,& %#6*$+$+0& $+'.3*%& /$!"$+& !"#$%& )*64.'1& !"$'& 4%-4-'*3& $+($!#'&!"#6&!-&$+!#0%*!#&'4*!$*33:&*+,&4%-0%*66*!$)*33:&/$!"& !"#&+#/&4.?3$)&%#*368

&)

&*


!"#$%&'()*

+,-./,-./0123.2-4/56-7./89/:;+*

!"#$%&#''#(")"*+',"-."(#/#0.%"1.&#".2"-,#+&"0)3(",.0(+34'5" ""*+00"+36&#)'#"-,#"/)07#".2"-,#+&"0)3(8 !"'-&#34-,#3"-,#+&"&#0)-+.3',+%"-."0.6)0")6-.&'8"

(-2<2,3/;1-.2-4*

!"M.1173+-N"R32&)'-&76-7&#"G#/N D6)0#("(#/#0.%1#3-"="&#'70-+34"273(+34" :7(4#-"2&.1"'7&&.73(+34"(#/#0.%1#3-'8

0123</;5=>*

!"90#$+:0#"&..1"'-&76-7&#"-.")00.*"2.&"(+22#&#3-")6-+/+-#'8 !";70-+%0#"20..&'"+3607(+34"&..2!4)&(#3!"

@J#JK$@$#:*

:C7/D,B<37/&5E2,3/F52-</G7-<1=7/H/:;+/I/+DD/I/+&0A :=2?,=<2<7/@,-,47>7-<

!"</#&'##+34"%&.4&)11)-+6".&4)3+')-+.3"=".34.+34"1)+3-#3)36#8 !">"?#(+6)-#("'-)22@ !"A0)6#";)3)4#&"!"B34)4+34"*+-,"%&.4&)11)-+6"'-)C#,.0(#&'8 !"A7:0+6";)3)4#&"!"B34)4+34"*+-,"%7:0+6"'-)C#,.0(#&'8

)%!K%J@@J:(D*

@,-,47>7-<I@,2-<7-,-E7/;1-.2-4* !"L#/#37#"2&.1"&#3-" !"L#/#37#"2&.1"6)2#" !"L#/#37#"2&.1"(+4+-)0")(/#&-+'+34"

AB7B*

!"DC+00'"E&)3+34"FGDHI"J"D.7-,*)&CK" !"G#)&3+34")&#)"FGDHIK !"L..2!4)&(#3"FM,)&+-NK !"M)2#"FM)'-0#"OPK !"?+4+-)0"?+'%0)N'"FM)'-0#"OPK !"D-7(#3-"B$,+:+-+.3"FGMMK !"B$#&6+'#"M0)''#'"FGDHIK !"G)*"M0+3+6"FGDHIK !"9+01"M07:"FGMMK !"M)&##&"9)+&'"FGMM"="GDHIK !"H+34."FM,)&+-NK !"Q3("1)3N"1.&#888

;1-.2-4*

!"ST#02)&#!-.!T.&CS"&#/#37#"2&.1""" ""SD.7-,:)3C"T.&C'S"%&.4&)11# !"L#/#37#"2&.1"&#3-" !"L#/#37#"2&.1"6)2# !"L#/#37#"2&.1"(+4+-)0")(/#&-+'+34!

L79*

!"#$%&'%(%)*#+,"-+."/,+0%1"+#*+2

!!"#

$#%$&'()#*+,#'-)#)().-$/'

!"<&+4+3)0"%&.%.')0 !"B$+'-+34""+-#1'J+''7#'"-."+3607(#


!"#$%&'($&(")(&*$#$*&+,&-$#$*+./$%'&01+2%-&3*$.(0%'&4&506'*$7& VJG %QOOWPKV[ +PHTCUVTWEVWTG .GX[ QHHGTU C XKCDNG UQWTEG +,& ,2%-"%)& ,+1& '($& 8+%6'128'"+%& +,& '($& 506'*$9& :21& ,*$;"<*$& OQFGN ECP DG OQFKÆ’GF CEEQTFKPI VQ VJG NGXGN QH %+. HWPFKPI 0#0"*0<*$7&10'($1&'(0%&<$"%)&*+8=$-&"%'+&0&.01'"82*01&680*$9& >($& .1+)10//0'"8& $*$/$%'6& ?+2*-& 0*6+& <$& 680*0<*$9& @+1& $;0/.*$7&"%8+1.+10'"%)&0&.1+#"-$1&628(&06&A+2'(?01=&B+1=6& ?"'(&CADE&?+2*-&<$&=$F&0&.+6"'"#$&6(01"%)&+,&1$6+218$6&0%-& 1$6"*"$%8$& '(0'& "6& <+'(& /+%$'"60<*$& 0%-& 680*0<*$9& @21'($1& RQUUKDNG RTQITCOOCVKE CEVKXKVKGU CTG UWIIGUVGF KP Æ’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Æ’V VJGKT GZKUVKPI 1$6.+%6"<"*"'"$69& J--"'"+%0**F7& "'& )"#$6& >,C& 0%& +..+1'2%"'F& '+&& $%(0%8$&0&1$.2'0'"+%&'01%"6($-&<F&.06'7&(")(*F&81"'"8"6$-&H+"%'& #$%'21$6& 628(& 06& '($& 301*I6& 5+21'& 3;("<"'"+%& ?"'(& -$#$*+.$1& %CRKVCN CPF %QWPVKGU %#2%1

!!!"

#"$#%&'(")*+"&,("('(-,#.&

>("6&/0%0)$/$%'&<$'?$$%&'($6$&'(1$$&$%'"'"$6&8+2*-&0**+80'$& CP GORNQ[GG VQ VJG %CUVNG CU C 2NCEG /CPCIGT TGURQPUKDNG ,+1& 8+K+1-"%0'"%)& 0%-& $%)0)"%)& ?"'(& '($& .1+)10//0'"8& 6'0=$(+*-$169& >($& /0%0)$/$%'& 80%& <$& 680*$-& 0%-& ",& '($& TGXGPWG KU UWHÆ’EKGPV C UGEQPF GORNQ[GG C 2WDNKE /CPCIGT 8+2*-& <$& ("1$-& '+& $%)0)$& ?"'(& '($& .2<*"8& 6'0=$(+*-$16& 0%-& VJQUG YJQ RCTVKEKRCVG KP CPF DGPGÆ’V HTQO VJQUG QTICPKUCVKQPU 0%-&'($"1&.1+)10//$69& J6& 0& #"6"+%& 0%-& ,10/$?+1=7& '("6& .1+H$8'& 6$'6& +2'& 0& 6'01'"%)& .+"%'& '+& $%)0)$& 0& -"#$16$& $-280'"+%0*& 1$6+218$& "%& 0& .2<*"8& 1$0*/&-$#$*+./$%'9&>($&#"<10%'&8"'F&6.08$&'(0'&"6&"%'$%-$-& ?"**&%+'&<$&.+66"<*$&",&'($&,+826&8+%'"%2$6&'+&8$%'1$&01+2%-& '($& .(F6"80*L& 0& '21%& '+& '($& 1$6"*"$%'& $-280'"+%& 1$6+218$& "%& 3*$.(0%'& 4& 506'*$& +,,$16& 0& %$?& 0%-& $;8"'"%)& .0'(& ,+1& '($& -$#$*+./$%'9&

!"#$%&&%'%()*#)+,,+-".%/0/1-2%3*)%-4/%5+2-6/


!"#"!"$%"&

!"#$%&'"()*+,-%./01/23%!"#$%&'()'*+,')%*%-,.%4'56'57%!"#$8

N@'--3%O8%.1JJ_23%A,,245'62N,'"'&*"*,. 0GY *CXGP ;CNG 7PKXGTUKV[ 2TGUU

$KUJQR 2 CPF 9KNNKCOU . /+,'*,#$(-"-0'12*08%4'56'57%9'#-:(6+(8

N'@*<:%S`@:#)*'5%\5*-%.1JJ_23%P-245245'O-2*"24'/(5,*+,-D'P'Q"*2(4"6'A*-"*,50')(-' Q,25+C(%-+((8'F,4,B"63%4'56'57%RKNa8

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Æ’NGU 0%%2' 5QEKCN 8CNWG 4GRQTV RFH =CEEGUUGF K<"8%/01LM8

N'#-,F<"G%?'#5@*:%94NN?%.9(+(5("<-*'5%b%4(*)#"(%N@"#-*5C%N#DW?'==*--((2% ./01/<23%3#$6(0#,4*'"48'R4,#$6(0#,4*'24'A(%*+B"-N.%P$$,482S'=>%4'56'57% N'#-,F<"G%?'#5@*:8 N'#-,F<"G%?'#5@*:%94NN?%.9(+(5("<-*'5%b%4(*)#"(%N@"#-*5C%N#DW?'==*--((2% ./01/D23%3#$6(0#,4*'"48'R4,#$6(0#,4*'24'A(%*+B"-N.%P$$,482S'=>%4'56'57% N'#-,F<"G%?'#5@*:8 N'#-,F<"G% ?'#5@*:3% DC% -,(% N@"#-*5C% N#DW?'==*--((% !% ./00J23% A(%*+B"-NT&' 34*,-$-2&,'"48'3#$6(0#,4*'A*-"*,50.'4'56'57%N'#-,F<"G%?'#5@*:8 5[CN 4 9GNHCTG VQ YQTM UEJGOGU YQTVJ c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Æ’PKPI VJG FGDCVG %T,(%Y'"G%&'#56<-*'58

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

4QDKPUQP ( <CUU 1IKNXKG + CPF *WFUQP 4 @(B' 1"4' %42:,-&2*2,&' &%$$(-*' 82&"8:"4*"5,8' 1(##%42*2,&L3% 4'56'57% O')($,% 9'F5-"((% (QWPFCVKQP #XCKNCDNG CV JVVR YYY LTH QTI WM UKVGU Æ’NGU LTH FKUCFXCPVCIGF EQOOWPKVKGU CPF WPKXGTUKVKGU HWNN RFH =CEEGUUGF /CT ? 9#))(::3% 48% ./01L23% Y(:><"(% -'% F'"G7% ,'F% @'#:6% "(+*'5<:% )'@*<:% (5-("$"*)()% $:<C%<%+"(<-("%"':(^3%/+,'M%"-82"4>'Q1)-%O<5#<"C3%<B<*:<D:(%>"'=7%,--$7EEFFF8 -,(+#<"6*<58@'=E)'@*<:W(5-("$"*)(W5(-F'"GE/01LEV<5EQ1EF(:><"(W-'WF'"GW )'@*<:W(5-("$"*)(W"':(%I<@@())(6%10%&(D8%/01LM8

!!"#

1HÆ’EG HQT 0CVKQPCN 5VCVKUVKEU %GPUWU #IITGICVG &CVC 'PINCPF <56%Y<:()23%\]%;<-<%N("B*@(%?(5)#)%N#$$'"-3%<B<*:<D:(%>"'=7%,--$7EE*5>#)(8 =*=<)8<@8#G%I<@@())(6%10%K<"8%/01LM8

$#%$&'()#*+,#'-)#)().-$/'

0GY 'EQPQOKEU (QWPFCVKQP @2**245'*+,'/"-5,*'K2&&245'*+,'H(24*D'@(B' 5(:,-4#,4*' -,5,4,-"*2(4' *"-5,*&' )"26' 8,$-2:,8' "-,"&.% 4'56'57% T,(% R<6:(C% 6TWUV CXCKNCDNG HTQO JVVR YYY PGYGEQPQOKEU QTI RCIG Æ’NGU *KVVKPIA VJGA6CTIGVA/KUUKPIAVJGA2QKPV RFH =CEEGUUGF /CT ?




%&'25)&'#8#.)9 !"#$%&'%$()*'+')$(,%-)./'0)12$3'+'#)!)&%'4(!%&('+'5).)!'4!(33(./#'+'5%"$%'#,)6&3)$0'#(!7(#


.%+/&340+.&%

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Æ’PGF CPF OGCUWTGF YJKNG UVTCVGIKGU VQ $%(/&#2(/' (./4' E$(.' 5"##/%(' #/)$1/%()' 2#/' %/&9/5(/1@' I$D/%' (.2(' 2' 7/#5/$D/1' 1$)56%%/5(' H/(E//%' #/)$1/%()' 2%1' %6%N #/)$1/%()'29#/210'/S$)()3'Y776#("%$(0'P#/2'792%%$%&'$)'9$B/90'(6' /S25/#H2(/'(.$)@'V./#/'$)'(./'6776#("%$(0':6#'(.$)'%6('(6'H/'(./' 52)/3'H"('(.$)'#/M"$#/)'2'#/(.$%B$%&'6:'.6E'(6'")/'Y776#("%$(0' #TGCU VQ FGXGNQR URGEKÆ’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

P)' E$(.' (./' )"##6"%1$%&' 2#/23' (./' )529/' 6:' $%(/#D/%($6%)' 2(' VJG 'NGRJCPV %CUVNG LWPEVKQP JCU DGGP UKIPKÆ’ECPV QXGT (./' 92)(' 5/%("#0@' Q/:6#/' RR,3' (./' $%(/#5.2%&/' E2)' 2' ."&/' 96529'2))/(3'/%56"#2&$%&'7/679/'(6')(673').673'2%1'/D/%'1#67' 2(' (./' /D/#N/S72%1$%&' .6(/9@' T()' D29"/' E2)' %6(' 29$&%/1' E$(.' OQXKPI GHÆ’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

*+F\

5!

!!"#

$%#&'(%#)*)+(,

*+Z,

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Æ’GNF 6-(06&:#'6-80,08&,06#$,:06&@#,&+,#7-8-'%&-'@,)6(,$:($,02&1)'82& )'8&-'706(90'(&(#&6$++#,(&9#,0&O#46&)'8&"#$606&ADEIIG^E_& DK`[JK& !"0& >1):?@,-),6& C-10& -6& )& %,#$+-'%& #@& 6-(06& ("0& 1#:)1& EQWPEKN JCU KFGPVKÆ’GF CU DGKPI CDNG VQ UWRRQTV DTQYPÆ’GNF TGFGXGNQROGPV CPF FGPUKV[ KPVGPUKÆ’ECVKQP 5QWVJYCTM DEIH)J& )'8& @#,96& +),(& #@& ("0& ("0& Q10+")'(& R& S)6(10& 1RRQTVWPKV[ #TGC CU FGÆ’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Æ’PF C OGVJQFQNQI[ VQ 4$-18&6#:-)1&:#''0:(-#'&-'(#&*++#,($'-(.&/,0)&+1)''-'%K&

!"#$%"& '#(& )'& *++#,($'-(.& /,0)& +1)'2& ("0& 3,4)'& 5#,06(& -'-(-)(-70&8#06&%-70&6#90&+,-#,-(.&(#&0':#$,)%-'%&,01)(-#'6"-+6& 40(;00'&<("0&<1#:)1=&$,4)'&-'(0,-#,&)'8&("0&,)+-81.&80701#+-'%& 08%06=& )1#'%& >)'?6-80& 4.& )((09+(-'%& (#& 6#@(0'& 4#,80,6& @#,& (#$,-6(62& $6-'%& 1)'86:)+-'%& (#& ):(-7)(0& +)(";).6& (",#$%"& ("0&'0-%"4#$,"##8&ABBC/2&DEEFGH2&IEJK&/1("#$%"&("0&3,4)'& 5#,06(& ")6& -'706(08& 0'0,%.& -'& -'706(-%)(-'%& 1#:)1& 6#:-)1& '0(;#,?62&-(&-6&)&+,-7)(0&-'-(-)(-70&+,-9),-1.&)-908&)(&(#$,-6(6& A-4-8&ILJK& /6&("060&+,-7)(01.M108&6(,)(0%-06&),0&#+0,)(-'%&-'&)&6+0:$1)(-70& +#6(M,0:066-#'&0'7-,#'90'(2&("0.&9$6(&40&801-70,08&,01)(-701.& N$-:?1.& )'8& )1("#$%"& ("0.& ),0& ")++0'-'%& ;-("-'& )& +#1-:.& @,)90;#,?2&("0.&8#'=(&8-,0:(1.&:#''0:(&(#&0):"&#("0,&6+)(-)11.& #,&(09+#,)11.K&>#("&+,#O0:(6&)11$80&(#&("0&+,#7-6-#'&#@&6#:-)1& -'@,)6(,$:($,0&-'&("0-,&+1)''-'%&4$(&")70&'#&:10),&6(,)(0%.&@#,& -9+1090'()(-#'K&!"-6&1):?&#@&6(,)(0%.&@#,&6#:-)1&-'(0,70'(-#'& ;-11&#'1.&,0-'@#,:0&("0&0P-6(-'%&+,#41096&#@&Q10+")'(&R&S)6(102& ("0&:0'(,0&(")(&+-'6&("060&-'(0,70'(-#'6&-'(#&6#$("&T#'8#'K U$6(& (#& ("0& '#,("& -6& V(& W0#,%0=6& S-,:$62& 4,)'808& )6& <("0& 6#$("0,'&%)(0;).&(#&:0'(,)1&T#'8#'=&AV#$(";),?2&DEIH4GILJ2& 0:"#-'%& (")(& ("0& ),0)=6& 10%-(-9):.& -6& -'& +,#7-8-'%& #70,@1#;& HQT DWUKPGUU VJCV ECPPQV Æ’V KP KPVQ VJG OCKP EGPVTG CETQUU ("0& !")906K& B"-10& )((,):(-'%& -'706(90'(& :#$18& 4,-'%& UKIPKÆ’ECPV QRRQTVWPKV[ HQT PGY UQEKCN TGNCVKQPUJKRU DGVYGGP ,06-80'(62& '0;& ,06-80'(6& )'8& '#'M,06-80'(62& ("0& :#$':-1=6& +#1-:.& #'& 6#:-)1& -'@,)6(,$:($,0& 8#06& '#(& %$-80& ;"0,0& '0;&

!!"#

$%#&'(%#)*)+(,

0123#4!#5#(6789:17;#7<#=9;>:17;?#@:#(8ABC@;:#D#.@?:8A V#$,:0G&8-%-9)+K08-')K):K$? 0123#4E#5#'9F81>#:G@;?B7G:#@>>A?1F181:H#8A6A8 V#$,:0G&!@T

^>

`

H

^/

L

D

4E


!"#$%&$"#!'"()(*'+,-)*.//$")#')0(#%$"1#*$")#*$)%$,.#!'"(*!/() 2$#3$$")/$'/,$),!&!"1)."-)3'%4!"1)!")#*$).%$.5)'%)*'3)!#)3!,,) $"6'+%.1$)0.66$((!2!,!#7)8'%).,,5)9:'+#*3.%4;)<=>?.@>AB)?C>DEC)) F+%%$"#,7;) #*$) 6'+"6!,5() /,.""!"1) %$/'%#) 8'%) !G/,$G$"#!"1) 1RRQTVWPKV[ #TGCU FGÆ’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

1234#.5#6#)78928:#;<83=>?9892@? :'+%6$@):'+#*3.%4)F'+"6!,)N)J.G2$#*)F'+"6!,)/,.""!"1)-'6+G$"#(

-../

-.!/ J'"-'")O%!-1$)OIP O$##$%)O."4(!-$)OIP Q.#$%,'')R+.%#$%)OIP L8J)M,$/*."#)N)F.(#,$ L8J)O,.648%!.%()S!,$ M,$/*."#)N)F.(#,$

O,.648%!.%()S!,$).6#!&.#!'")9$&$"#(E

O."4(!-$ O'%'+1* J'"-'")O%!-1$

Q.#$%,''

M,$/*."#)N)F.(#,$

O,.648%!.%(

J'"-'")O%!-1$;)O'%'+1*;)O."4(!-$

!!"#

$%#&'(%#)*)+(,

Q.#$%,''

O,.648%!.%()S!,$

-.-0


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

!0##$6/5D

!!"#

$%#&'(%#)*)+(,

G0##&D>#)78557

C0#(D5E;A67#F#4A97D5


2.03,0'&

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

5')$ ()(*#+$ "1($ *"#$ &%*#'*,1.$ *%$ %=#4C(,+&.,2)$ %4$ 1:(*41-*>$ (QTTGUVGTŨU CVVGORV VQ WUG E[DGTPGVKEU VQ FGÆ’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Æ’TO QWT RGTEGRVWCN CPCN[UKU !"#$ %&#'$ ()(*#+$ ,($ %'#$ %2$ *"#$ 61)($ &.1''#4($ -1'$ /(#$ 3&&%4*/',*)$ 54#1($ *%$ (/&&%4*$ *"#$ 4#9#'#41*,%'$ #22%4*($ 9%,'9$ %'$ 1-4%(($ ;%'0%'$ :)$ #'(/4,'9$ 0#=#.%&+#'*$ 0%#($ '%*$Q&4,=,.#9#$*"#$-#'*4#I$K7#''#*<$ROOSTLOP<$:/*$(*4#'9*"#'($ Q*"#$-%+&.#B$,'*#41-*,%'($'#-#((14)$*%$U%,'$/&$*"#$0,22#4#'*$ "/+1'$94%/&($*"#$-,*)$-%'*1,'(I$K,:,0P>$!"#$-%/'-,.$'##0($*%$ 04,=#$ *"#(#$ -%''#-*,%'($ 1($ 0#=#.%&#4($ 14#$ /'.,8#.)$ *%$ &.1'$ :#)%'0$ *"#,4$ (-"#+#$ :%/'014,#(>$ ;#'0$ ;#1(#<$ 2%4$ #B1+&.#<$ 6#4#$ -4,*,-,(#0$ 2%4$ /(,'9$ +1U%4$ *41'(&%4*$ .,'8($ *%$ 0#=#.%&$ 9GUVÆ’GNF 5VTCVHQTF %KV[ CU C ŧEKVCFGN QH Ų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Ų EQOOWPKVKGUŨ 5GPPGV !"#$2%..%6,'9$1'1.)(,($#B&.1,'($"%6$&.1''#4($-1'$.%-1*#$1'0$ %&#'$*"#(#$91*#(>$ %&$'()&$*+*,)-

.)%/0&1$%&$'()&$*+*,)-

!"#$%&#'$()(*#+$,'-./0#($1..$%2$*"#$3&&%4*/',*)$54#1($6,*",'$ 7%/*"6148$ 1'0$ '#,9":%/4,'9$ ;1+:#*"<$ 6,*"$ (%+#$ %=#42.%6$ ,'*%$*"#,4$,++#0,1*#$(/44%/'0,'9(>$!"#$(-1.#$%2$*"#$()(*#+$ ,($ .149#4$ *"1'$ *"#$ ;%-1.$ 5/*"%4,*)$ *%$ ,'-./0#$ 4#.1*,%'(",&($ :#)%'0$:%4%/9"$:%/'014,#($1'0$,*$2%-/(#($%'$*"#$14#1$'%4*"$ %2$?.#&"1'*$@$A1(*.#$1($,*($&4%B,+,*)$*%$A#'*41.$;%'0%'$+18#($ ,*$1$-%'*#(*#0$(,*#$%2$4#9#'#41*,%'>

!"#$

A#'*4#($ 14#$ 0#'(#$ -%'-#'*41*,%'($ %2$ (&1*,1.$ 1'0$ (%-,1.$ 0,22#4#'-#<$ 1'0$ *"#)$ 2%4+$ *"#$ *)&#($ %2$ (&1-#($ *"1*$ &",.%(%&"#4$]'9#4$4#2#4($*%$1($QJ%'#($%2$"#,9"*#'#0$+/*/1.$ =/.'#41:,.,*)<$ 6,*",'$ 6",-"$ &#%&.#$ 91,'$ 1$ -"1'-#$ *%$ 4#(%.=#$ Ų EQPHNKEVŨ YJKNG ECVGTKPI VQ ŧOKETQNGXGN Ų FGÆ’CPEG CPF KPEQPITWKV[Ũ 7PIGT 6JKU OKETQNGXGN FGÆ’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`NPE$ 1($ a1'#$ a1-%:($ KLMNLP$ 149/#(<$ 0,22#4#'-#$ (*,+/.1*#($ ŧURQPVCPGQWU UGNH FKXGTUKÆ’ECVKQPŨ VJTQWIJ YJKEJ ITQWRU 1((#4*$ *"#,4$ ,'2./#'-#$ %'$ *"#,4$ '#,9":%/4"%%0(<$ #22#-*,=#.)$ &4%0/-,'9$ /4:1'$ (&1-#$ 1'0$ 04,=,'9$ 2%46140$ (%-,1.<$ -/.*/41.<$ 1'0$ #-%'%+,-$ ,''%=1*,%'$ K;#2#:=4#<$ LMb`E$ H/=#'0,-8$ @$ ;#'(8U%.0<$ROO`P>$!"/(<$24,-*,%'$-1'$:#$1$4#(%/4-#$,2$-"1''#..#0$ *%$:4,09#$41*"#4$*"1'$0##&#'$0,(-%''#-*<$#'1:.,'9$*"#$-#'*4#$ *%$ 4#(%'1*#$ %/*6140$ ,'$ 61=#($ *"1*$ %=#4.1&$ 1'0$ ("1&#$ ,*($ (/44%/'0,'9(>$


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Æ’ECNN[ VJG CPCN[UKU EQXGTGF Æ’XG TQWVGU ETQUUKPI VJG R*,?&8( =0,( S&8)?0/8)&$2( S,)&$1""2( T1,%-C$0,$82( !"#)*+,$-2( ,/:(J"/:"/(T$0:6&8@(A0$8)(+&(,/,1;8&:(8),)08)0%,1(7,))&$/8("C( ?"=&?&/)( )"+,$:8( D1&7*,/)( E( .,8)1&( #80/6( RCJ( 7,88&/6&$( :,),( )"( :&)&$?0/&( 7"0/)8( ,1"/6( )*&( $"#)&8( +*0%*( +&$&( 7,$)0%#1,$1;( ,))$,%)0=&( )"( 7&:&8)$0,/8( ,/:( +*0%*( "/&8( )*&;( ,="0:&:@( U&/80)0&8( ,)( 9#8( 8)"78( ,1"/6( C"#$( "C( )*&( $"#)&8( %1&,$1;(8*"+(D1&7*,/)(E(.,8)1&()"(9&()*&(9#80&8)2(+0)*(V#0&)&$( TKPIU HCPPKPI QWVYCTFU UJQYKPI DTGCMU QH UKIPKÆ’ECPVN[ V#0&)&$(,%)0=0);2(7,$)0%#1,$1;(,$"#/:(!)(W&"$6&P8(.0$%#8@((

.*,/60/6(7,))&$/8(0/(9#01:0/6(8%,1&2($",:(%,7,%0);2(1,/:(#8&2( ,/:( 8)$&&)<1&=&1( ,%)0=0);( +&$&( "98&$=&:( "/( &,%*( 5><?0/#)&( $"#)&2( ,/:( 9$&,-8( "%%#$$&:( ,)( 80?01,$( 0/)&$=,18( ,1"/6( ,11( Æ’XG UWRRQTVKPI VJG WPFGTUVCPFKPI QH EGPVTGU CU PQFGU VJCV $&8"/,)&("#)+,$:(0/(9$",:($0/68@(A"$(&B,?71&2()*&(0/C1#&/%&( "C( )*&( %&/)$,1( %0);( 08( ,77,$&/)( 0/( )*&( 1,$6&( 8%,1&( "C( *")&1( CPF QHÆ’EG DWKNFKPIU HTQO VJG 6JCOGU FQYP VQ VJG TCKNYC[ QXGTRCUU VJCV ETQUUGU CNN Æ’XG TQWVGU #HVGT VJKU RQKPV VJG UK\G "C( 9#01:0/68( :$,?,)0%,11;( $&:#%&8( )"( ,( ?"$&( *#?,/( 8%,1&2( ,/:()*&;(9&%"?&(0/%$&,80/61;(6&,$&:()"+,$:($&80:&/)0,1(,/:( UOCNN DWUKPGUU WUG 6JG Æ’PCN UGIOGPVU QH VJG TQWVG RCUU )*$"#6*( ,/( 0/:&)&$?0/,)&( ,$&,( "C( 6&/&$0%( 0/8)0)#)0"/,1( ,/:( %"??&$%0,1(8)$#%)#$&8()*,)(:"(/")(7$"=0:&(,/;(87,)0,1(%#&8( )"(7$&7,$&(7,88&/6&$8(C"$(,$$0=,1(,)()*&(%&/)$&@(!#::&/1;2()*&( 9#8&8()#$/(,(%"$/&$(,/:(:#?7(7,88&/6&$8(,)()*&(D1&7*,/)(E( %CUVNG LWPEVKQP KP C HTGP\[ QH XGJKEWNCT CPF RGFGUVTKCP VTCHÆ’E !#%*(,/(,77$",%*()"()*&(%&/)$&(08(:08"$0&/),)0/6(,/:(8#66&8)8( )*,)()*&(0/C1#&/%&("C()*08(7,$)0%#1,$(%&/)$&(:"&8(/")($&8"/,)&( )"(0/)&6$,)&(%"<&B08)&/%&(0/(,(6$,:#,12(%"*&80=&(+,;@(F/()*08( %,8&2( )*&( $0/68( ?&&)( )"( C"$?( %"/8)$,0/0/6( 9"#/:,$0&8( )*,)( 08"1,)&()*&(:0CC&$&/)(#$9,/($&,10)0&8(+0)*0/()*&?2(%"/)$09#)0/6( )"(0/%$&,80/6(C$,6?&/),)0"/(,1"/6()*&(9#8($"#)&8@(

S&()*&/(&/6,6&:(0/(V#,10),)0=&(7&$%&7)0"/(?,770/62($&%"$:0/6( "#$( &B7&$0&/%&( ,1"/6( )*&( 7,)*( )"( D1&7*,/)( E( .,8)1&( +*01&( "98&$=0/6( 9#01:0/6( #8&2( 1,/:?,$-82( %*,/6&8( 0/( #$9,/( 6$,0/2( 806/,6&2(?"=&?&/)("C(C&11"+(7,88&/6&$82(,/:(+*&)*&$(+&(C&1)( ,(8&/8&("C(7$&7,$&:/&88()"(&/)&$(,(/&+(%&/)$&(,C)&$(1&,=0/6( .&/)$,1(J"/:"/@

!"!#

$%#&'(%#)*)+(,

4&L#M(%)F+* "1!"

-./0#12#3#45678#9:;<5=:9>?#@>A#>9B#6C7.>97797 !"#$%&'(!"#)*+,$-(."#/%012(3453

4&L)#EI($+(M !NNOP"11Q

D&%M&%##################10NO

D&%M&%############################OS

)&J+HR$IU#########!0!V

)&J+HR$IU#################!2S

J%(,'D&*,(%+ "1!"

%(R#LJ)F%())() !NNOP"11Q

D&%M&%####################N0!S

D&%M&%#########################!TS

)&J+HR$IU#########!102S

)&J+HR$IU#################T2S


-./0#12#3#456#6789#57.:.6;7.8<=#>;.:?#8@@59;<@?#;ABC;/B# 8<#D56#67896#8<#;#EBBF#>;? :1"*8#(%1.$*-1/<-*&1"*-';*/0*&1"*6(.),*(5"#(8"*+';7"#*/0* 7/(6"#-*/0*"5"#,*7'-*#/'&"*'-.+8*&1"-"*7'-*-&/%-9 @/'#$"2*:0A*3'-*@"#5.$"*@'#5",*B+(),-.->*CDDEFCDGH

:1(;"-*K.5"#

@&9*P"/#8"?-* O.#$'-

M)"%1(+&* N* O(-&)"* K/'+6(7/'&

RSKMO:SLT@ &#(5")).+8*-/'&1

3J@*KLJ:M I"-&;.+-&"#*3#.68" I(&"#)//*@&(&./+

&#(5")).+8*+/#&1

3J@*KLJ:M I(&"#)//*3#.68" !ML!AM GDDD 3J@*KLJ:M 3)($40#.(#-*3#.68"

CDDD HDDD

!"#$"%&'()*(+(),-.-*/0*&1"*-&#""&-2* 3#"(4-*%"#$".5"6*/+*&1"*7'-"-*6'#.+8*/'#* -'#5",9 :1"* (+(),-.-* /0* &1"* 7#"(4-* .+* &1"* 7'.)&* "+5.#/+;"+&* <(-* $/+6'$&"6* <()4.+8* ()/+8*&1"*-&#""&-*(+6*"=%"#."+$.+8*())*&1"* 7'-*#/'&"->*&(4.+8*+/&"-*/0*&1"*)(+6-$(%"* (+6*%"/%)"?-*7"1(5./'#*/+*&1"*7'-"-9

$%#&'(%#)*)+(,

QDDD

!""#

3J@*KLJ:M A/+6/+*3#.68"


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

!"#$

%&$'()&$*+*,)-

7

!,'# ('+)"%# <',4%&# P*,'# (';'%'(+*4"%Q# 4)# *"# ;'*# (4&# "3# *,'# 1""(# 1'"1/'# +%&# <(4%;# 4%# %'-# (4.,## 1'"1/'=# >9'%*$+//2# 2"$I//# ,+9'# *,'# /".+/)# 0"94%;# "$*=== #$%'01/"2'&#(')4&'%*5# 4%#),"114%;#0+//5#/+*'86R) !

!,'# 1'"1/'# 2"$# )''# +*# *,'# ("$%&+<"$*# +('# *,'# 1'"1/'#-,"#S$)*#."0'#4%5#%"*#*,'#1'"1/'#-,"#/49'# 4%#*,'#+('+=#O,'%#2"$I('#3("0#"$*)4&'#4*#<'."0')#+# ."%.'(%#*"#2"$#<'.+$)'#2"$#&"%I*#('+//2#)''#-,+*# 4)#;"4%;#"%#*,'('= )'.$(4*2#&'):#'01/"2''#+*#A@@5# " 0+/'5#04&&/'8+;'&

!,'2#),"$/&#<$4/&#0"('#1/+.')#*,+*#:4&)#."$/&# ;"===# T# /"*# "3# 2"$%;# .,4/&('%# ,+9'# .(404%+/# ('."(&)#<'3"('#('+.,4%;#GU5#+%&#4*I)#+#9'(2#<+&# )*+(*#3"(#*,'0#4%#/43'=

V# $)'&# *"# 9"/$%*''(# +*# *,'# /4<(+(2# <$*# V# ,+9'# +# .,4/&#%"-#+%&#)"#V#.+%I*#-"(:=#V#-4),#V#."$/&#/"":# 3"(#+#S"<=

#

#3+*,'(#4%#(4)4%;#)$%#1$<#%'+(# (".:4%;,+0#')*+*'

2

0"*,'(#4%#."00$%4*2#;+(&'%# %'+(#,'2;+*'#')*+*'

6 G N

L

!,'# %'4;,<"$(,""&# 3''/)# ($%&"-%5# 4*# %''&)# <$)4%'))')5# 0"('# 0"%'2# +%&# /4**/'# <4*# "3# (';'%'(+*4"%=#!,")'#*,4%;)#-4//#,'/1=

3

S"<#.'%*('#'01/"2''5#%"%8(')4&'%*5 0+/'5#04&8LR)


4*2$5*%($".'67,#*7(0'8".9*

:%*-#.,0-*%(

;*%2$(0

<"%5':2*

:7="%'>7"$%'?'@*$&)(2

./01$23$4$-567/869:$6;<9=: !"##$%&'()*'+,-#.*/$(0',1'()*',#*%'202(*-3

!"#$

%&$'()&$*+*,)-

A##,7(9%$(0'B7*"2


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

!"#$%"&'$()* +,-+",'.* /()0"* 1)"(,).* #2-3#* '2"* $&4)0"&1"* -4* '2"* 5$'.6* 3$'2* )(&%* /()0"#* $&* '2"* 2$72"#'* 8(&%* ()-&7* '2"* 92(:"#6* 80'* ()#-* 8.* /$(%01'#* (&%* '2"* 4(1'-,.* '.+-)-7.* "(#'* -4* ;)(1<4,$(,#* =$)">* 92"* %"+,"##"%* /()0"#* ()-&7* ;)(1<4,$(,#* (&%* ?)"+2(&'* @* 5(#')"* #2-3* '2"* "1-&-:$1* ,('$-&()"* 8"2$&%* '2"* A++-,'0&$'.* B,"(#C** HTQO C %GPVTCN .QPFQP RGTURGEVKXG VJKU NCPF KU CV C UKIPKÆ’ECPV %$#1-0&'6*%,-++$&7*8.*('*)"(#'*DEF*8"'3""&*'2"*&-,'2*#"1'$-&* -4*G'*H"-,7"I#*5$,10#*(&%*?)"+2(&'*@*5(#')">*

92"* 4-))-3$&7* )(.",#* +,-/$%"* (* W0(&'$'('$/"* 0&%",#'(&%$&7* -4* '2"* 1-&'"J'* $&'-* 32$12* A++-,'0&$'.* B,"(#* (,"* 8"$&7* $&#",'"%N* !"#$%"&'$()* V,-+",'.* X()0"#C* Y&":+)-.:"&'* RX(,$(8)"* Z,$1'$-&T* (&%* M"&#$'.C* L(&%* Y#"C* (&%* Y,8(&* H,($&* (&%*["$72'#>*92"*5-0&1$)*0#"#*A++-,'0&$'.*B,"(#*'-*+,-+-#"* 32","* %"/")-+:"&'* 1(&* '(<"* +)(1"6* 4-10#$&7* -&* ',(&#+-,'* (11"##$8$)$'.>* A++-,'0&$'.* B,"(#* (,"* )$<").* '-* 8"* %"/")-+"%* Æ’TUV CPF VJQUG VJCV KPENWFG RWDNKEN[ QYPGF RNQVU RTGUGPV $%"()*#$'"#*4-,*$&'",/"&'$-&>*92"*S\P."(,*A++-,'0&$'.*B,"(*+)(&* $&1)0%"#*\]*2"1'(,"#*$&*'-'()6*-4*32$12*^EF*$#*+08)$1*)(&%>*A4* '2$#*+08)$1*)(&%6*S\F*2(#*(),"(%.*8""&*%"/")-+"%>*

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Æ’ECPV UQEKCN HTKEVKQPU GZKUV

!"#$

%&$'()&$*+*,)-

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Æ’TUV QPG EQPUKUVKPI QH RWDNKE KPUVKVWVKQPU OCKPN[ EWNVWTCN RTKXCVG KPUVKVWVKQPU NCTIGN[ GFWECVKQPCN CPF QHÆ’EGU ('',(1'#*+"-+)"*('*(*:"',-+-)$'(&*)"/")C*$'*$#*%"/")-+"%*()-&7* '2"*8(&<*-4*'2"*,$/",*(&%*('*?)"+2(&'*@*5(#')">*92"*#"1-&%*-&"6* '2"*)-1()*#.#'":6*$#*:-#').*:(%"*0+*-4*#:())",*#2-+#*#+,"(%* CNQPI VJG JKIJ UVTGGVU .CPF WUG KFGPVKÆ’GU VJKU FKUEQPPGEV 8"'3""&*,"#$%"&'#*(&%*&-&P,"#$%"&'#>**

A/",)(.$&7*'2"#"*)(.",#*-4*(&().#$#*+,-%01"#*(*:(+*/$#0()$#$&7* (*1-:+)"J*-+"&*#.#'":*'2('*,"#-&('"#*4,-:*'2"*'3-*1"&',"#N* ?)"+2(&'*@*5(#')"*(&%*1"&',()*L-&%-&>*92"*%('(*2(/"*8""&* UKORNKÆ’GF VQ OCMG HTKEVKQPU NGIKDNG UQ ICVGU ECP DG KFGPVKÆ’GF A++-,'0&$'.*B,"(#*(),"(%.*80$)'*-0'*2(/"*8""&*2$%%"&>*;OM#* 2(/"*8""&*(%%"%*'-*#2-3*+-'"&'$()*+(,'&",#*(&%*'2"*:(K-,* ,-(%#6*32","*/$#$8$)$'.*$#*7,"('"#'6*2(/"*8""&*+)-''"%>*92"#"* #',""'#*7$/"*(*#"&#"*-4*2-3*+"-+)"*',(&#$'*'2,-072*'2"*#+(1"* (&%*2-3*'2"*%$44","&'*(,"(#*(,"*+2.#$1()).*1-&&"1'"%>* 92"* (,"(#* 32","* )(.",#* -/",)(+6* "#+"1$()).* ()-&7* 2$72P /$#$8$)$'.* 80#* ,-0'"#6* (,"* -4* $&'","#'* 8"1(0#"* '2".* #+('$()).* JKIJNKIJV YJGTG HTKEVKQPU CTG NKMGN[ VQ OCMG KV FKHÆ’EWNV HQT ,"#$%"&'#* (&%* &-&P,"#$%"&'#* '-* $&'",(1'* :"(&$&740)).>* ;.* 0#$&7* '2"* A++-,'0&$'.* B,"(#* '-* #',('"7$1()).* +-#$'$-&* #-1$()* $&4,(#',01'0,"* $&* '2"#"* #+(1"#6* '2"#"* 7('"#* 1(&* 8"* -+"&"%6* '2","8.* 0&)-1<$&7* Q-0,* 1(+(1$'.* '-* )$/"* '-7"'2",I* RG"&&"'6* DESDNDEET>


./01$23$4$'556789:/8;$%7<=> !"#$%&'(!"#)*+,$-(."#/%012(3,45&)*(."#/%012(6789 :#510%1;("+/&< ,::$"=&<("$(5&0/>($&<&=&1":&< $&B) ?@A(5"#/<,$;

E(9772778(G(E(9I72777 E(9I72778(G(E(JK72777 E(JK72778(G(E(LJ72777 ./01$2?$4$@<>/A<:8/=B$5765<78;$C=B9<$DEF !"#$%&'(C"":1,D%"D#-2(6789

!"#$

E(H672778(G(E(9772777(

%&$'()&$*+*,)-

E(6F72777(G(E(H672777


./01$!2$3$456789:;765< !"#$%&'()*+,%&-(".(+&/$,012,"*3(4565 5756(8(5759 5759(8(5765 5765(8(5764 5764(8(576: 576:(8(5744

!"#$

%&$'()&$*+*,)-

6;8(:5 :6(8(655 656(8(6:5 6:6(8(695 696(8(<4< ./01$!!$3$=65>/<;$?86:896$86@$A6B<C@6D !"#$%&'(=>?3(456<


./01$!"$2$3456$789 !"##$%!&'( #&)$*+,-$+.+!"##$%!&'( QHÆ’EGU OKZGF WUG QHÆ’EGU !,(/,%'(+&0-/&/,/&"00"0.!,(/,%'(+&0-/&/,/&"0&01%'-/%,!/,%$

,%3'0+5%'&0 ./01$!:$2$;<=45$0<4/5$456$>9/0>?8 6",%!$7+8&/&$-+9$:$'($*;+<=><

!"#$

3,&(*&05+":$%+<=+#$/%$-

%&$'()&$*+*,)-

2,3(&!+4",-&05


!"#$!%&'(%')$#(' ')$#('%$**+$#*,-.%-"-/+(',0(-*'

!"#$

%&$'()&$*+*,)-

')$#('%"1%2(*+")"!,*$-%,2)"+*$-#( 3,.3%&-(2)!"42(-*%5%3,.3%0(-',*4%6"-(' "))"+*&-,*4%$+($' "))"+*&-,*4%$+($'7%)&8!,# 9:;%8"&-0$+,('

./01$!2$3$*456789/9$:;<


6"&#"&1547""01"8194"&",/4+ (&#13"0/)/4(0154/$&4$

'()$ !"#$%&

&3467839 ,123452

E24425$E38<=6K2 EGH$>I

*7:41;38< /28452 J3425977 *434678

J3425977$I:35425 EGH$>I

,!.

.78K78$E56K@2 *434678

0.% *7:41B35< /7:8A69

.78K78$E56K@2 EGH$>I *7:41$E38< C86D25=64? *7:41$E38< ,2A17F35<

-,.$%/(012(% !*+$*,

,'--."!#/(,$"#%$+

L6@M$!N$O$,12$7F28$=?=42P

%&$'()&$*+*,)-

!"#$%&$"#!'"()*'#+

>2?@342 )=4342

!"#$

.//


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Æ’EKGPV ".# &'"*(,!"*# '.'1,*%&0*'"%# !'0# ,*%&0*'"%2# H)*# !,($:*'"# 9,.9.%*0# &%# ")!"# ")*# /*%"# .99.,"$'&"&*%# +.,# &'"*,;*'"&.'# &%# 6)*,*#%.-&!4#!'0#%9!"&!4#+,&-"&.'%#-.44&0*2#\99.,"$'&"5#X,*!%# FGÆ’PGF CV VJG DQTQWIJ NGXGN RTQXKFG ITGCV QRRQTVWPKV[ VQ 0*;*4.9#")*%*#%.-&!4#,*4!"&.'%)&9%2# ])!"#+.44.6%#!,*#%.:*#%$((*%"*0#%&"*%#!'0#")*#,*4!"&.'%)&9%# ")!"#-.$40#/*#0*;*4.9*08#/$"#")*#%!:*#4.(&-#-.$40#/*#$%*0#".# &0*'"&+5#.")*,#%&"*%2##

!"!#

$%#&'(%#)*)+(,

<^># \'# ]!"*,4..# T.!08# C"# _*.,(*V%# 0*9."# &%# )&()45# ;&%&/4*I# ,*"!&'&'(#9$/4&-#%9!-*#)*,*#!44.6%#+.,#&'"*,;*'"&.'%#"!,(*"*0#

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Æ’GNF UKVGU RTQXKFGU VJG RQUUKDKNKV[ ".# -.'%&0*,# ")*# .99.,"$'&"5# .+# ")*%*# !,*!%# /*5.'0# ")*# /$&4"# *';&,.':*'"8# *-.'.:&-# 0*;*4.9:*'"# !'0# ",!'%9.,"# !--*%%&/&4&"52#H)*#!;!&4!/&4&"5#.+#%.#:$-)#4!'08#:$-)#.+#&"#9$/4&-8# &'#-4.%*#9,.B&:&"5#".#")*#-*'",*#.+#U.'0.'#&%#!4%.#!#,*%.$,-*# +.,# ")*# %.-&!4# %",$-"$,*# .+# ")*# -&"52# C.-&!4# +,!(:*'"!"&.'# &'# ")&%#-!%*#-!'#/*#!00,*%%*0#%9!"&!445#/5#,*"!&'&'(#9$/4&-#4!'02#


.),/0&10&2$*'30%4$'(('.,5&0,+ S&.259$ 6&+$ ,-'$ ;'<'.&31'(,$ &6$ *+:4($ 5'(,+')$ 1*),$ 421$ ,&$ 2(,'/+4,'$ '5&(&1254..906&5*)';$ 2(2,24,2<')$ 82,-$ 5*.,*+4.$ CPF UQEKCN UGTXKEGU HQT VJG DGPGÆ’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

!"#$ %&$ '()*+'$ ,-'$ .&(/0,'+1$ 21345,$ &6$ )&524.$ 2(6+4),+*5,*+'7$ ,-'$ 5&*(52.$ 1*),$ 45,$ (&8$ ,&$ )9),'14,254..9$ +',42($ &+$ :*9$ 3*:.25$.4(;$&($;')2+';$2(,'+<'(,2&($)2,')$:'6&+'$2,$2)$;'<'.&3';$ :9$ 3+2<4,'.90.';$ +'/'('+4,2&($ '66&+,)=$ 8-'+'$ 3*:.25$ .4(;$ 2)$ )&.;7$ +'<'(*')$ )-&*.;$ /&$ ,&$ 3*+5-4)'$ +'3.45'1'(,$ .4(;>$ ?'5,2&($@AB$4(;$,-'$CDE$4+'$5-4+/')$,-4,$5&*(52.)$54($.'<9$ ,&$5&13'()4,'$.&54.$5&11*(2,2')$8-'($;'<'.&31'(,$,4F')$ 3.45'7$ 4(;$ ,-'$ +'<'(*'$ 54($ :'$ *)';$ 1&),$ ),+4,'/254..9$ :9$ /&2(/$ ,&84+;)$ ,-'$ +','(,2&($ &+$ 3*+5-4)'$ &6$ 3*:.25$ .4(;$ ;2),+2:*,';$45+&))$,-'$&3'($)9),'1>$G)2(/$,-2)$433+&45-7$,-'$ 3*:.25$2)$1&+'$4:.'$,&$5&(,'),$2(5+'4)2(/.9$3+2<4,2)';$)345')$ 2(,&$,-'$6*,*+'>$ 1RRQTVWPKV[ #TGCU UJQWNF DG OQTG VJCP Æ’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

!"#$

%&$'()&$*+*,)-

!@#$%-'$3'+6&+14(5'$&6$)&524.$2(6+4),+*5,*+'$54($:'$1'4)*+';$ 455&+;2(/$ ,&$ ,-'$ [(/.2)-$ D(;25')$ &6$ Z'3+2<4,2&(7$ 8-25-$ 5&1:2('$4$(*1:'+$&6$),4,2),254.$2(;254,&+)$,&$4(4.9)'$8-25-$ 4+'4)$'L3'+2'(5'$-2/-$.'<'.)$&6$)&524.7$'5&(&1257$4(;$-&*)2(/0 +'.4,';$;'3+2<4,2&(>$%-')'$;4,4$54($-'.3$,&$;','+12('$.&54.$ 6+25,2&()$ 4(;$ 8-'+'$ ,-'9$ 5&*.;$ :'$ ,*+(';$ 2(,&$ +')&*+5')$ ,&$ 3.4($8-4,$,93')$&6$2(,'+<'(,2&()$8&*.;$:'$1&),$'66'5,2<'$2($ ,-'$;'<'.&31'(,$&6$('8$)&524.$2(6+4),+*5,*+'>$


&'(%-%.#+/(#.$+() 81)90$0!%")&*")"--"%&,)1-)2.+:0&")'":"$12/"!&)+!);$"2*0!&)<) %CUVNG 5QWVJYCTM %QWPEKNŨU Æ’TUV RTKQTKV[ UJQWNF DG VQ TGVCKP QT 0%56+.")&*")269$+%)$0!'7)G"&"./+!+!#)+&,)6,")/6,&)9")-$"E+9$") 0!')+!%$6'")&*")20.&+%+20&+1!)1-)0$$)20.&+",)+!:1$:"')+!)1.'".) &1) H$"0:") 0!) ",,"!&+0$) 20.&) 1-) &*") 2.1%",,) &1) &*1,") >*1) 0.") /1,&)+!&+/0&"$3)%1!!"%&"')>+&*)+&I)&*")6$&+/0&")%1!,6/".,)1.) %+&+J"!,K)LM6/-1.'()NOPQIRS4TU7 #NQPI VJG JKIJ HTKEVKQP ICVGU KFGPVKÆ’GF YKVJKP VJG QRGP U[UVGO TGUQPCVKPI HTQO VJG EGPVTG YG NQECVGF URGEKÆ’E ,+&",)-1.)+!&".:"!&+1!,)&*0&)%16$'),".:")&1)12"!)&*",")#0&",7) 6JG RTQEGUU QH UKVG KFGPVKÆ’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

0123#!4#5#&6789:;1<#=>?8@A#98BC17D#<E9F;C:8#C7?#?1:B91GEB8#<EG@1F#@C7?

Z!6,"')X69$+%)Y0!'

!""#

$%#&'(%#)*)+(,

X69$+%)\)2.+:0&") 20.&!".,*+2)-1.)'":"$12/"!&)

]*0."')[":"!6",

]"$$

X.+:0&")Y0!'

["&0+!

X6.%*0,"

["'+,&.+96&"')X69$+%) Y0!'

X.+:0&") G":"$12/"!&

=WY\]NQS


,0.+&,*+20302&0(.+45+(.0)(, 0/*1+/+(.'.0)( K%3*"# ,*+*# *.,# -.',)6+<# 0+*;)<%",)(# -.+)(/-)10# 0<%2",# &)# *.*"70),# +%# -5*F-.)# <%1# +<)# D2.3+-%.# %D# )*3<# -.+)(/).+-%.# 3%2",# *,,()00# 2.)56"%75).+# %(# -+0# .)F*+-/)# )DD)3+0A# !33%(,-.F# +%# *# 3%2.3-"'F).)(*+),# 02(/)7:# "%3*"# ()0-,).+0# -,).+-D7#+<)#&-FF)0+#6(%&")5#-.#8%2+<1*(;#*0#Q"*3;#%D#+<-.F0# D%(#7%2.F#6)%6")#+%#,%R#G8%2+<1*(;#C%2.3-":#HI99OSJA#!#.25&)(# QH KPVGTXKGYU CNUQ EQPÆ’TOGF VJCV TGUKFGPVU CTG EQPEGTPGF 1-+<# +<)# "*3;# %D# *3+-/-+-)0# D%(# 7%2+<# *.,# +<)# 2.)56"%7),A# N(%5# *.%+<)(# 6)(06)3+-/):# *# "%3*"# 5%+<)(# )E6()00),# +<*+# 0<)#1*.+),#+%#1%(;#&2+#<*,#+%#"%%;#*D+)(#<)(#3<-",A#8+*+-0+-3*"# Æ’PFKPIU KP 5QWVJYCTM EQPÆ’TO OQTG GEQPQOKECNN[ KPCEVKXG 1%5).#,)0-()#+%#1%(;#+<*.#5).:#02FF)0+-.F#F()*+)(#&*((-)(0# HQT YQOGP VQ Æ’PF LQDU 5QWVJYCTM %QWPEKN C (KPCNN[ %+<)(# -.+)(/-)10# ()/)*"),# +<*+# ()0-,).+0:# 6*(+-32"*("7# +<)# 2.)56"%7),:# D)*(# ()F).)(*+-%.# 1-""# ,(-/)# 26# 6(-3)0# -.# "%3*"# 0<%60A# !""# %D# +<)0)# 3%.3)(.0# -.D%(5),# +<)# 02FF)0+-%.0# D%(# 6%+).+-*"# -.+)(/).+-%.0A# !0# 6(%%D'%D'3%.3)6+0:# )E*56")0# *()# -.06-(),#&7#)E-0+-.F#6(%$)3+0#D(%5#3-+-)0#*(%2.,#+<)#1%(",A

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

26I)A&366F /B<E:8

D::E:;F&GB<8:< (:8H6<E

29?JFCB<:&= 1B;K7BK:&2:;8<: -6789&2:;8<:&=& +>9?@?8?6;&,ABC:

"

#

(KI ^ .QECVKQP QH UKVG URGEKÆ’E KPVGTXGPVKQPU

%"#&

$

'(&)*+(&,-,.+/

!


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

Q#7*-1&-1*0$V$37(##@#0-$ !AG$G&0>

,&(-1&))2$9*)>

R/=)1;$%/1)>107$ ;&-#7*(2$+U\

,/=)1;$Y$,(1<&-#$ ,&(-0#(9"1,$ A*($ >#<#)*,@#0-$\\

,(1<&-#$ >#<#)*,@#05"&(#>$B#<#0/#9 5UWXY:ZG

5#)A$[10&0;#>$R/=)1;$399#-

S4;<@J9GA$1!T$ Z0$!"#$!*?0$&0>$:*/0-(2$R)&00107$IN9#$:)&99#9K$.(>#($U]^_H$$R&(-$+H$:)&99$+U$ 10;)/>#9$`0*0S(#91>#0-1&)$109-1-/-1*09T$&02$/9#$0*-$10;)/>107$&$(#91>#0-1&)$/9#8E SS*)-%27($ Z0$R&(19$19$&0$#4&@,)#$*A$"*?$-"#$,/=)1;$9#;-*($;&0$,&(-1;1,&-#$10$-"#$>#<#)*,@#0-$ ,(*;#99$&0>$(#-&10$,&(-$*A$-"#$(#<#0/#9$-"(*/7"$10;(#&9#>$)&0>$<&)/#9$E K=J.$!L$M$+9B<H$1@N@O9IP@><$4@><G@$;>E$)QH=R=<=9>$*I;:@$ 9F>@GCH=I$;>E$I;G<>@GCH=I

(KI ^ 2NQV URGEKÆ’ECVKQPU VQ FGVGTOKPG HWVWTG RTQLGEV

39:;<=9>$?@A

!"#$

%&$'()&$*+*,)-

5KVG 5RGEKÆ’E %QPVGZV 3-$ &$ "17")2$ <191=)#$ &(#&H$ ?1-"$ @&02$ =/9$ (*/-#9T$ 0#&($ @14#>$ /9#$ =/1)>1079$D$9;"**)9 *<;<BC$9D$3;>E$'F>@GCH=I .?0#>$=2$!AGT$:*/0;1)$*?0#>$+U IF#9-@109-#($%(1>7#$B*&>$J&K 8G=EJ=>J$1=C:9>>@:<$ 5,&;#$ -"&-$ ;&0$ &--(&;-$ <191-*(9$ A(*@$ &;(*99$ G*0>*0$ >/#$ -*$ &;;#991=1)1-2T$$ 1@,*(-&0-$)*;&-1*0$10$-"#$=*(*/7" 5@;:H$9D$5@C9>>;>:@ G*0>*0S?1>#$(#&;"


8/9(:!/;)<=>/=4(<11?(;1123=/6>@3 /9(;"B1C(7$DE*% !$'FJ"DF(/ID**H*'% L$>+,-%,-+#"T"!>&$$9$#,"

:9(A**E*'F(:$D%*D(0*%G"DE 6*HC"D$D+(/ID**H*'% !>&$$9$#," J&-/%,$"=%#2

J7'*-8"=%#2

6+0I)"" =%#2*+&2" I/$&.->5, 4$9)+&%&("R.$ B7.,%-#%'*$" !..$,

H$/$#7$

45$" 5->5*(" /-.-'*$<" )7'*-8*(0+1#$2" +))+&,7#-,(" %&$%." #$%&" F*%8:;&-%&." H+%2" %&$" -2$%*" ;+&" %" *-#:$2" -#,$&/$#,-+#" ,+" 8+7#,$&%8," ,5$" %&$%A." )&-/%,-.%,-+#" %#2" ,+" )&+/-2$" %" .)%8$" 15$&$"&$.-2$#,."%#2"#+#0&$.-2$#,."8+7*2"9$$,3"I#"+#$".-,$<" %"8++)$&%,-/$"9%&:$,"8+7*2".7))*("*+8%**(0.+7&8$2")&+278,." %," 2-.8+7#,$2" &%,$." ,+" 9$9'$&." 15+" 1+&:" %" ;$1" 5+7&." )$&" 9+#,5<" %**+1-#>" %88$.." ,+" %;;+&2%'*$" ;++2" %#2" ,+" %#" CHÆ’NKCVKQP QH EQ YQTMGTU HTQO FKHHGTGPV CTGCU 6JG EQWPEKN 1+7*2"&$,%-#",5$"*%#2<"'7,",5$"8+0+)"8+7*2"'$"&7#"'("%"#+#0 RTQÆ’V YKVJ UWDUKFKUGF TGPVU #P GZKUVKPI GZCORNG QH VJKU OQFGN -.",5$"J%&:"B*+)$"K++2"6+0+)"-#"F&++:*(#<"L$1"M+&:<"15$&$" 9$9'$&.5-)"-."2-/$&.$"%#2"'%.$2"+#"%"1-2$"8%,859$#,"%&$%3" 45$"8+0+)"%*.+")&+/-2$."%#"%*,$&#%,-/$",+",5$")&+*-;$&%,-+#"+;" 85%-#0;++2" .,+&$.<" .+9$,5-#>" '$9+%#$2" '(" ,5$" F*%8:;&-%&." =%#2+1#$&."K+&79"CNOPQD3

J&-/%,$"S$/$*+)9$#,

8:9(A33)30?(:/=63=(7/=)36 <&I9(8O(P(;"B"C(7$DE*%($'F(A**E*'F(:$D%*D(7$DE*%($ID**H*'%

<&I9(8,(P(;"B"C(7$DE*%($'F(A**E*'F(:$D%*D(7$DE*%($ID**H*'%

/9(;"B1C(7$DE*%

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

!"#$%&"'()*+

:D&FI&'I(?&L#"''*#%( %3"6+99$&8-%*"9$$,-#>".)%8$ '3"=+8%*"#$,1+&:

:9(:$D%*D(0*%G"DE

=*$#N("M(=*L"''$'#* %3"=+#2+#01-2$"&$%85 '3"B+7,51%&:01-2$"&$%85

,-.(

4%$%KL("M(!$'F(1G'*DLN&C %3"J7'*-8"*%#2 '3"J&-/%,$"*%#2

/0(1230(454637

5KVG 5RGEKÆ’E %QPVGZV %3"U->5*("/-.-'*$")*+, '3"B*->5,*("5-22$#")*+,


-8(9:;!<9/=3(/0<(!/0>?/>3(9306=3 !"#$%&'()*)+,$'-$+"#$.#,/0+#$12+0+#$+'$+"#$&'34506'3+$045$ +"#$-&)7+)'4$+"#$4#8$3%2709#$"'32)4/$8)99$7&#0+#$8)+"$:098'&+"$ ;'05$*0<#$)+$0$2+&0+#/)7$9'70+)'4$-'&$)4+#&=#4+)'4>$!"#$7'347)9$ 7'395$ 32#$ +"#$ &#=#43#$ /0)4#5$ -&'*$ +"#$ 209#2$ 0/&##*#4+$ +'$ 63,$ 607<$ 0$ %'&+)'4$ '-$ +"#$ 27"#*#?$ 045$ +")2$ %'&+)'4$ 7'395$ 2#&=#$ 02$ 04$ 0--'&5069#$ 7")9570&#$ 7#4+&#$ 045$ 0$ 904/30/#$ )42+)+3+#$-'&$0539+2$+03/"+$6,$9'709$)42+&37+'&2>$17'4'*)7099,$ )407+)=#$ *'+"#&2$ 7'395$ &#7#)=#$ -&##$ 7")9570&#$ 8")9#$ 2##<)4/$ 8'&<?$63+$+"#$7#4+&#$8'395$092'$0=0)9069#$+'$9'709$&#2)5#4+2>$ @2$ 4#0&9,$ ABC$ DEFG?$ ABHIJKL$ '-$ G'3+"80&<M2$ %'%390+)'4$ "02$ 0$*0)4$904/30/#$'+"#&$+"04$14/9)2"?$1GN$045$'+"#&$904/30/#$ 7'3&2#2$ 7'395$ "#9%$ +"#*$ 2#73&#$ O'62>$ P0+)=#$ 2%#0<#&2$ '-$ '+"#&$ 904/30/#2$ 7'395$ +#07"$ 7'3&2#2$ '&$ %&'=)5#$ )**#&2)'4$ 2#22)'42$+'$40+)=#$14/9)2"$2%#0<#&2$02$8#99>

;#/#4#&0+)'4$@/&##*#4+$U R&)=0+#$N045

!

;#=#43#

Q3,

R369)7$N045

R369)7$@22#+

GHBSTEFN

L=*A*'*G$%&"'(/AG**M*'%()4$&#2%#7+$'-$19#%"04+$V$E02+9#$DBWTABHBL$2#7+)'4$XS>A$ 6JG %QWPEKN UJCNN DG GPVKVNGF VQ 2TQƒV 1XGTCIG GSWCN VQ RGTEGPV QH VJG 0GV 2TQƒV Ũ

@&A8(BB(C(9D&EF(9$G*(H(!$'AI$A*(9*'%G*(JIG#D$K*($'F(J$G%'*GKD&J

!"#$%&"'()*+

(KI ^ 2NQV URGEKƒECVKQPU VQ FGVGTOKPG HWVWTG RTQLGEV

,-.(

/0(1230(454637

5KVG 5RGEKƒE %QPVGZV :)+")4$+"#$%&#*)2#2$'-$0$-'&*#&$#2+0+#$63)95)4/Y$ 23&&'345#5$6,$#2+0+#2> 4%$%IK("N(!$'F(1O'*GKD&J (QTOGTN[ RWDNKE NCPF %QWPEKN JCXG RTQƒV UJCTG 0/&##*#4+> PG&FA&'A(<&K#"''*#%( Z##+)4/$ %907#$ -'&$ 4#8$ &#2)5#4+2$ 045$ 73&&#4+$$ &#2)5#4+2> =*$#D("N(=*K"'$'#* G'3+"80&<[8)5#$&#07">


*( %-+

'%+ *) ./

'%+

3)2

.) *& ( '%+ ( ,9

&-

"+

!) -8.

&(

&%$

+. (6

'," !. )1 %,%

-) 7

-+

><6599543618<34$?$'9@3<103618<34

%+(.)1.+(%-+'!$-(, -!.+',0,(.2',(*7.9-$/.), &-22"+%(0'&.+()., +.6'!)-8.&('%+(.)*&(%-+, %+(.)4)*(%-+' 6%(9' .:%,(%+4' ,-&%*$'&.+().,';<=>'

, ,( &0 &$%

)%* ,( /. !.

!"

#$%

&'(

)*

+,

!-

+,

)(

(./01234$&56789:

%+(.)1.+(%-+'!$-(, -!.+',0,(.2'&-++.&(%-+,

;8<65=6

A1@B$CD$E$'F5<$0/065G$43/590

!"#$

,!*&.,' -3' 2.()-!-$%(*+' %2!-)(*+&.'*+/'*(()*&(%+4' +-+5).,%/.+(,

%&$'()&$*+*,)-

$-&*$'",.',!*&.,


.-(/.0%,.'&*

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

!"#$

%&$'()&$*+*,)-

D.#*'-!0!$'$&#$%&#(&0'$!.",%!6,#=&$/&&"#$%&#)!8&(,&# ('"2&#.*# ,$'>&%.0)&(,#!360!-'$&)#!"#:0&6%'"$#;#<',$0&H,#(&)&8&0.63&"$7# /&#')8.-'$&#*.(#'#,%!*$#!"#$%&#6&(-&6$!."#.*#%./#$.#=+!0)#'# UWEEGUUHWN WTDCP EGPVTG 6JG %QWPEKN JCU CNTGCF[ KFGPVKƒGF )!,-.""&-$#'")#+"&360.13&"$#',#6(.=0&3,#$%'$#(&Q+!(&#6.0!-1# '$$&"$!."4# D%&# M0'->*(!'(,# R!0&# '")# S(='"# A.(&,$# !"!$!'$!8&,# '))(&,,#$%!,#)!,-.""&-$#=1#&-.".3!-'001#'")#,6'$!'001#0!">!"2# :0&6%'"$#;#<',$0&#$.#$%&#".($%4#D%&#(&2&"&('$!."#/!00#)('/#!"# "&/# 6&.60&# .*# %!2%&(# ,.-!.?&-.".3!-# ,$'$+,7# /%!-%# -.+0)# 6(.)+-&# )&,$(+-$!8&# *(!-$!.",# $%'$# /!00# /!)&"# !"&Q+'0!$!&,#

!"# $%&# '(&'# '")# *+($%&(# )!,-.""&-$# (&,!)&"$,# /%.# '0(&')1# GZRGTKGPEG FKHƒEWNV[ CEEGUUKPI OCP[ QH VJG DGPGƒVU QH C ,$(."2# 0.-'0# &-.".314# 5*# /&# ,6'$!'001# !)&"$!*1# /%&(&# $%&,&# *(!-$!.",#'(&#2&"&('$&)7#/&#-'"#+,&#$%&3#6(.)+-$!8&01#$.#,$'($# !"$&('-$!."# ('$%&(# $%'"# 6(&8&"$# !$4# 966(.'-%!"2# :0&6%'"$# ;# <',$0&#',#'"#.6&"#,1,$&3#.*#,$('$&2!-'001#60'-&)#6+=0!-#',,&$,# '00./,# *.(# '# 3.(&# "+'"-&)# 6.0!-1# !"$&(8&"$!."# *('3&/.(># YKVJ OCP[ DGPGƒVU KV RTQXKFGU QRRQTVWPKVKGU HQT EQPPGEVKQPU =&$/&&"# "."?(&,!)&"$,7# "&/# (&,!)&"$,# '")# .0)# (&,!)&"$,@# !$# ,$(&"2$%&",# $%&# (&,."'"-&# .*# $%&# -&"$(&# '")# !"-(&',&,# '--&,,# =1# /!)&01# )!,$(!=+$!"2# ,!$&,# *.(# !"$&(8&"$!."@# '")# !$# =+!0),#(&0'$!.",%!6,#=&$/&&"#$%&,&#,!$&,#',#/&00#',#.$%&(#'(&'# ,$'>&%.0)&(,# /%.# 3!2%$# ".$# .$%&(/!,&# -.""&-$4# A!"'0017# $%&# .6&"#,1,$&3#*('3&/.(>#%!2%0!2%$,#$%&#-'6'-!$1#$%&#-.+"-!0# '0(&')1# %',# $.# )&8&0.6# B66.($+"!$1# 9(&',# ',# (&,.+(-&,# *.(# UQEKCN DGPGƒV CU YGNN CU GEQPQOKE KORCEV 7UKPI VJKU QRGP ,1,$&3# $.# ,$('$&2!-'001# (&$'!"# 6+=0!-# 0'")# *.(# $%&# 6(.8!,!."# .*#,.-!'0#!"*(',$(+-$+(&#!,#-(!$!-'0#$.#(&'0!,!"2#$%&#6.$&"$!'0#.*# :0&6%'"$#;#<',$0&#!"#'#/'1#$%'$#).&,#".$#(&6&'$#$%&#%!,$.(1#.*# *'!0&)#(&2&"&('$!."#&**.($,4#


.)/).)&0)*

!"#$%&'#()* +,* -./012)*345#* +678* 69* :;7* !* 4(##,<)* !"#$%&'#&(")*+,-"(.)* .==* -.2)* 1>?0=,

A6&7;&)*!,*-=B.=2)*345#*_"8QL6F9*%&'*75#*LCY"6F*D;;',<*T&+H"-(0=+A-0&"-*C+,')"+ CPF JCRRKPGUU KP VJG VYGPV[ Æ’TUV EGPVWT[ EKV[,*I;&';&N*\#&DC6&,

@%778)* A,* -=B..2)* 3@C6"'6&D* %* EF6#&F#* ;G* +676#9<)* H+I* J;(K6&D* L%L#(* 9#(6#9)* L%L#(*.MB)*I;&';&N*H&6O#(9678*+;""#D#*I;&';&,*

ACQG;(')* I,* -./1B2)* 3ACQG;('* ;&* Z#''#9,<)* 6$'+ !"#$%&'#&(")*+ I'<%'E5+ .B>* -0RR2)*>0?>M,

@"%FKG(6%(9*I%&';J&#(9*P;(CQ)*-=B.R2,*A##76&D*;&*=/*S%&C%(8*=B.R,

0QOKU .CDQWT /CTMGV 2TQÆ’NG 5QWVJYCTM .QPFQP 1HÆ’EG HQT 0CVKQPCN E7%76976F9,

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`,*!,*-=BB02)*345#*W;"#*;G*UF;&;Q6F*%&'*E;F6%"*T&G(%97(CF7C(#*6&* UF;&;Q6F* [#O#";LQ#&7N* !* Z";Y%"* a6#J,<)* /-("0)*+ -1+ :#-0-.%#+ 4'"3;'#&%<'35+ 0*-R2)*..?X=, P;((#97#()*S,*V,*-./0/2)*7"8)0+=>0).%#3?*+%QY(6'D#*-A%99,2N*A,T,4,*\(#99, ZI!* -=B..2* 45#* I;&';&* \"%&N* EL%76%"* [#O#";LQ#&7* E7(%7#D8* G;(* Z(#%7#(* I;&';&,*I;&';&N*Z(#%7#(*I;&';&*!C75;(678, ]%"")* E,* -=B.=2)* @&"''&+ 9')3("'3?+ @&"''&+ )0=+ A%&%B'0C+ 6$'+ .')3("'+ -1+ &$'+ -"=%0)">,*I;&';&N*W;C7"#'D#, ]CQL5(#8)*E,*-=B.X2)*U"#L5%&7*b*+%97"#*";F%"*5697;(8*"#F7C(#)*I;&';&*EF5;;"* ;G*UF;&;Q6F9*%&'*\;"676F%"*EF6#&F#)*=/*_F7;Y#(*=B.X, cT&F;QL"#7#*E;C75J%(K*I;F%"*]697;(8*I6Y(%(8*%(F56O#9d*-./0B2)*T&*75(##*8#%(9* #"#L5%&7*J6""*5%O#N*UC(;L#<9*@6DD#97*E5;LL6&D*+#&7(#)+@-(&$+D-0=-0+4"'33)* .1*SC"8, cT&F;QL"#7#*E;C75J%(K*I;F%"*]697;(8*I6Y(%(8*%(F56O#9d*-.//>2)*+;C&F6"*5%9* 5CD#*L"%&9*G;(*75#*U"#L5%&7)*@-(&$E)"F+G'E3)*=*SC"8, cT&F;QL"#7#* E;C75J%(K* I;F%"* ]697;(8* I6Y(%(8* %(F56O#9d* -=BBB2)* [#O#";L#(9* IKXG KFGCU Æ’TUV HQT *QY VQ URGPF @-(&$E)"F+G'E3)*.M*P#Y(C%(8 cT&F;QL"#7#*E;C75J%(K*I;F%"*]697;(8*I6Y(%(8*%(F56O#9d*-./1/2)*+"#%(%&F#*G;(* 7569*F"#%(%&F#*9F5#Q#)*@-(&$+D-0=-0+4"'33)*.M*P#Y(C%(8, cT&F;QL"#7#* E;C75J%(K* I;F%"* ]697;(8* I6Y(%(8* %(F56O#9d* -.//.2)* E;C75J%(K* I;F%"*]697;(8*I6Y(%(8)*6&F;QL"#7#*%(F56O#, I;&';&* @;(;CD5* ;G* 4;J#(* ]%Q"#79* -=BB/2)* T'#%* E7;(#* E7(%7#D8* %O%6"%Y"#* G(;QN* 577LNeeJJJ,6'#%97;(#,F;,CKe%99#79e';FCQ#&79e T'#%E7;(#E7(%7#D8!LL$.+!@=/BMB/,L'G*c%FF#99#'*./*A%(,*=B.Rd, I#G#YO(#)*],*-.//.2)*6$'+;"-=(#&%-0+-1+3;)#'?++%QY(6'D#*-*A%99,2N*@"%FKJ#"", A%f;()*A,*[,)*\#&&)*!,)*b*]6""6#()*@,*-.//M2)*45#*gC#976;&*[;#9*+;QLC7#N*75#* (;"#* ;G* 75#* F;QLC7#(* 6&* 9L%F#* 98&7%$,* EL%F#* E8&7%$* P6(97* T&7#(&%76;&%"* E8QL;96CQ*+;&G#(#&F#*\%L#()*I;&';&N*H&6O#(9678*+;""#D#*I;&';&,

E%99#&)* E,* -=BB/2)* 45#* EL#F6%"69#'* [6GG#(#&F#9* ;G* +676#9* A%77#(* 6&* 4;'%8<9* Z";Y%"* UF;&;Q8)* T&* I'1-".%0J+ &$'+ A%&>C+ I'3;-03'3+ &-+ &$'+ H*-8)*+ ,%0)0#%)*+ A"%3%3)*E%Q*V56Q97#(*-#',2)*I;&';&N*I;&';&*A#7(;L;"67%&*H&6O#(9678, E#&&#77)*W,*-=BB>2)*6$'+4(8*%#+I')*.,*gC%&7,*-C&LCY"695#'2 E#&&#77)*W,*-=B.=2)*6-J'&$'"C+6$'+I%&()*35+4*')3("'3+)0=+4-*%&%#3+-1+A--;'")&%-0+ KL0=+'=?M,*I;&';&N*\#&DC6&*@;;K9*I7', E;C75J%(K* +;C&F6"* -=B..2)* E;C75J%(K* !&769;F6%"* @#5%O6;C(* E7(%7#D8* =B..* 7;* =B.1,* a;"* .)* %O%6"%Y"#* G(;QN* 577L9NeeJJJ,9;C75J%(K,D;O,CKe';J&";%'9e ';J&";%'e=>0>e%&769;F6%"hY#5%O6;C(h97(%7#D8h=B..?=B.1* c%FF#99#'* .R* A%(,*=B.Rd, E;C75J%(K*+;C&F6"*-=B.=%2)*UQL";8Q#&7*%&'*H&#QL";8Q#&7*6&*E;C75J%(KN* W#L;(7*;G*75#*W#D#&#(%76;&*b*I#69C(#*EF(C76&8*ECY?+;QQ677##, E;C75J%(K* +;C&F6"* -=B.=Y2)* U"#L5%&7* %&'* +%97"#* _LL;(7C&678* !(#%* _LL;(7C&678*!(#%*\"%&&6&D*P(%Q#J;(K*6&*75#*I;&';&*Y;(;CD5*;G*E;C75J%(K,* \"%&&6&D*W#L;(7)*%O%6"%Y"#*G(;QN*577LNeeJJJ,9;C75J%(K,D;O,CKe6&G;e=BB.1.e 9CLL"#Q#&7%(8hL"%&&6&Dh';FCQ#&79h%&'hDC6'%&F#e=BRBe#"#L5%&7h%&'h F%97"#h9L'h;%LG)*c%FF#99#'*=M*P#Y,*=B.Rd, E;C75J%(K*+;C&F6",*-=B.X%2,*[(%G7*@"%FKG(6%(9*W;%'*ECLL"#Q#&7%(8*\"%&&6&D* [;FCQ#&7)* %O%6"%Y"#* G(;QN* 577LNeeJJJ,9;C75J%(K,D;O,CKe6&G;e=BB.1.e 9CLL"#Q#&7%(8hL"%&&6&Dh';FCQ#&79h%&'hDC6'%&F#eX.BReY"%FKG(6%(9h (;%'h9L')*c%FF#99#'*.M*A%(,*=B.Rd, E;C75J%(K*+;C&F6",*-=B.XY2,*I;&';&*@;(;CD5*;G*E;C75J%(K)*[(%G7*@"%FKG(6%(9* W;%'* ECLL"#Q#&7%(8* \"%&&6&D* [;FCQ#&7* [(%G7* H(Y%&* [#96D&* E7C'8)* %O%6"%Y"#* G(;QN* 577LNeeJJJ,9;C75J%(K,D;O,CKe6&G;e=BB.1.e9CLL"#Q#&7%(8h L"%&&6&Dh';FCQ#&79h%&'hDC6'%&F#eX.BReY"%FKG(6%(9h(;%'h9L')* c%FF#99#'* .M*A%(,*=B.Rd, \;(7%9)*A,*-=B..2)*6$'+4-"&)3+I'<%'EC+!0+%0=';'0='0&+"'<%'E+%0&-+&$'+1(&("'+ -1+-("+$%J$+3&"''&3?*I;&';&N*[#L%(7Q#&7*G;(*@C96&#99)*T&&;O%76;&*%&'*EK6""9, 4;J&9#&')*!,*-=B.X2)+A%&%'3C+N%J+O)&)5+A%<%#+P)#F'"35+)0=+&$'+Q('3&+1-"+G'E+ 7&-;%),*:#J*i;(KN*V,V,*:;(7;&*b*+;QL%&8)*T&F, V677D#&97#6&)*I,*-./1X2)*4$%*-3-;$%#)*+%0<'3&%J)&%-03?*:#J*i;(KN*A%FQ6""%&, V675#(G;('*V%79;&*A%&&*!(F567#F79*-=BBM2)*@%&K96'#*H(Y%&*P;(#97)*%O%6"%Y"#* G(;QN* 577LNeeJJJ,9;C75J%(K,D;O,CKe';J&";%'9e';J&";%'e.=/XeY%&K96'#h C(Y%&hG;(#97*c%FF#99#'*./*A%(,*=B.Rd, V;"GG)* A,* -.//12)* @#8;&'* 75#* \;6&7* \%(76F"#* ?* !* V%O#* E7(CF7C(#* G;(* 75#* U"#F7(;&)*H)*%*')0+:*'#&"-=>0).%#3)*0*-12)*>X?/.,

%&$'()&$*+*,)-

+#&9C9*T&G;(Q%76;&*EF5#Q#*-=B.X2)*=B..*+#&9C9*E&%L95;7N*A%6&*I%&DC%D#)* P#Y(C%(8*=B.X)*+TE*=B.X?B.)*Z(#%7#(*I;&';&*!C75;(678,

E%99#&)* E,* -=BB02)* 3V58* +676#9* A%77#(,<)* A%&%'3?+ !"#$%&'#&("'+ )0=+ @-#%'&>5+ #$56Y676;&*F%7%";DC#*;G*75#*.B*!(F567#F7C(#*@6#&&%"#*a#&6F#)*A%(96"6;)*a#&6F#* =BB0)*=0?1.,

!"#$

+TI*-=B.B2)*=B.B*:;,*/R>*+;QQC&678*T&G(%97(CF7C(#*I#O8)*U&D"%&'*%&'*V%"#9,* 45#*+;QQC&678*T&G(%97(CF7C(#*I#O8*W#DC"%76;&9,






Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.