Нормативно- правовые документы


Чтобы посмотреть этот PDF файл с форматированием и разметкой, скачайте файл и откройте на своем компьютере.
  Ijbeh`_gb_  &#x?J;&#x@0;ML?J@?G ijbdZahfFbgbkl_jkl\Zh[jZah\Zgby bgZmdbJhkkbckdhcN_^_jZpbb hlBBBBBBBBBBB]BBBB   ��&#x:L;&#x?E;&#xVG;&#xUC;&#xK;&#xL:;&#xG0;N??J:EVGUC=HKM:JKL?GGUCH;J:AH:L?EVGUCKL:G:JL kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby   ,H[sb_iheh`_gby  N_^_jZevguc]hkm^Zjkl\_gguch[jZah\Zl_evgucklZg^Zjlkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ^Ze__KlZg^Zjl\fij_^klZ\ey_lkh[hckh\hdmighklv lj_[h\Zgbch[yaZl_evguoijbj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ^Ze__hkgh\ghch[jZah\Zl_evghc ijh]jZffu\fh[jZah\Zl_evgufbmqj_`^_gbyfbbf_xsbfb]hkm^Zjkl\_ggmx Zddj_^blZpbx   KlZg^Zjl\dexqZ_l\k_[ylj_[h\Zgby dj_amevlZlZfhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu dkljmdlmj_hkgh\ghch[jZah\Zl_evghcijh]jZffu\lhfqbke_lj_[h\Zgbyd khhlghr_gbxqZkl_chkgh\ghch[jZah\Zl_evghcijh]jZffubboh[tzfmZlZd`_d khhlghr_gbxh[yaZl_evghcqZklbhkgh\ghch[jZah\Zl_evghcijh]jZffubqZklb nhjfbjm_fhcmqZklgbdZfbh[jZah\Zl_evgh]hijhp_kkZ dmkeh\byfj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu\lhfqbke_ dZ^jh\ufnbgZgkh\uffZl_jbZevghl_ogbq_kdbfbbgufmkeh\byf Lj_[h\Zgbydj_amevlZlZfhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu __kljmdlmj_bmkeh\byfj_ZebaZpbbmqblu\Zxl\hajZklgu_bbg^b\b^mZevgu_ hkh[_gghklbh[mqZxsbokygZklmi_gbkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby \dexqZyh[jZah\Zl_evgu_ihlj_[ghklbh[mqZxsbokykh]jZgbq_ggufb \hafh`ghklyfb a^hjh\vy   bbg\Zeb^h\ZlZd`_agZqbfhklv^Zgghcklmi_gb h[s_]hh[jZah\Zgby^eyijh^he`_gbyh[mq_gby\h[jZah\Zl_evguomqj_`^_gbyo ijhn_kkbhgZevgh]hh[jZah\Zgbyijhn_kkbhgZevghc^_yl_evghklbbmki_rghc khpbZebaZpbb  ImgdlklZlvbAZdhgZJhkkbckdhcN_^_jZpbbhlbxey]H[h[jZah\Zgbb _^hfhklbKt_a^ZgZjh^guo^_imlZlh\ JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZJhkkbckdhcN_^_jZpbbklKh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhcN_^_jZpbb klklklkl\f   Ijbwlhfijbj_ZebaZpbbhkgh\guoh[jZah\Zl_evguoijh]jZff^eyh[mqZxsbokykh]jZgbq_ggufb\hafh`ghklyfba^hjh\vyfh]ml[ulv mklZgh\e_guki_pbZevgu_n_^_jZevgu_]hkm^Zjkl\_ggu_  h[jZah\Zl_evgu_klZg^Zjlu imgdlklZlvbAZdhgZJhkkbckdhcN_^_jZpbbhlbxey ]H[h[jZah\Zgbb _^hfhklbKt_a^ZgZjh^guo^_imlZlh\JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZJhkkbckdhcN_^_jZpbb klKh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhcN_^_jZpbbklklklkl\f  N=HK   KlZg^ZjljZajZ[hlZggZhkgh\_DhgklblmpbbJhkkbckdhcN_^_jZpbb  Z lZd`_Dhg\_gpbbHHGhijZ\Zoj_[_gdZ  mqblu\Z_lj_]bhgZevgu_gZpbhgZevgu_b wlghdmevlmjgu_ihlj_[ghklbgZjh^h\JhkkbckdhcN_^_jZpbb KlZg^ZjlgZijZ\e_ggZh[_ki_q_gb_ nhjfbjh\Zgbyjhkkbckdhc]jZ`^Zgkdhcb^_glbqghklbh[mqZxsboky _^bgkl\Zh[jZah\Zl_evgh]hijhkljZgkl\ZJhkkbckdhcN_^_jZpbbihkj_^kl\hf mklZgh\e_gby_^bguolj_[h\Zgbcdj_amevlZlZfkljmdlmj_bmkeh\byfj_ZebaZpbb hkgh\ghch[jZah\Zl_evghcijh]jZffu khojZg_gbybjZa\blbydmevlmjgh]hjZaghh[jZabybyaudh\h]hgZke_^by fgh]hgZpbhgZevgh]hgZjh^ZJhkkbckdhcN_^_jZpbbj_ZebaZpbbijZ\ZgZbamq_gb_ jh^gh]hyaudZh\eZ^_gb_^moh\gufbp_gghklyfbbdmevlmjhcfgh]hgZpbhgZevgh]h gZjh^ZJhkkbb jZ\guo\hafh`ghkl_cihemq_gbydZq_kl\_ggh]hkj_^g_]h ihegh]h\fh[s_]h h[jZah\Zgby j_ZebaZpbb[_kieZlgh]hh[jZah\ZgbygZklmi_gbkj_^g_]h ihegh]h\fh[s_]h h[jZah\Zgby\h[t_f_hkgh\ghch[jZah\Zl_evghcijh]jZffuij_^mkfZljb\Zxs_c bamq_gb_h[yaZl_evguomq_[guoij_^f_lh\\oh^ysbo\mq_[gucieZg mq_[guo ij_^f_lh\ih\u[hjmbah[yaZl_evguoij_^f_lguoh[eZkl_c^hihegbl_evguo mq_[guoij_^f_lh\dmjkh\ih\u[hjmbh[sbo^ey\dexq_gby\h\k_mq_[gu_ ieZgumq_[guoij_^f_lh\\lhfqbke_gZm]em[e_gghfmjh\g_\fZlZd`_ \g_mjhqgmx^_yl_evghklv \hkiblZgbybkhpbZebaZpbbh[mqZxsbokybokZfhb^_glbnbdZpbxihkj_^kl\hf ebqghklghbh[s_kl\_gghagZqbfhc^_yl_evghklbkhpbZevgh]hb]jZ`^Zgkdh]h klZgh\e_gby\lhfqbke_q_j_aj_ZebaZpbxh[jZah\Zl_evguoijh]jZff\oh^ysbo\ hkgh\gmxh[jZah\Zl_evgmxijh]jZffm ij__fkl\_gghklbhkgh\guoh[jZah\Zl_evguoijh]jZffgZqZevgh]hh[s_]h hkgh\gh]hh[s_]hkj_^g_]h ihegh]h\fh[s_]hijhn_kkbhgZevgh]hh[jZah\Zgby jZa\blby]hkm^Zjkl\_gghh[s_kl\_ggh]hmijZ\e_gby\h[jZah\Zgbb nhjfbjh\Zgbyhkgh\hp_gdbj_amevlZlh\hk\h_gbyh[mqZxsbfbky hkgh\ghch[jZah\Zl_evghcijh]jZffu^_yl_evghklbi_^Z]h]bq_kdbojZ[hlgbdh\ h[jZah\Zl_evguomqj_`^_gbc kha^Zgbymkeh\bc^eyjZa\blbybkZfhj_ZebaZpbbh[mqZxsboky^eynhjfbjh\Zgby a^hjh\h]h[_ahiZkgh]hbwdheh]bq_kdbp_e_khh[jZagh]hh[jZaZ`bagb h[mqZxsboky ]hkm^Zjkl\_gguo]ZjZglbcihkhhl\_lkl\mxs_fmnbgZgkbjh\Zgbxhkgh\ghc h[jZah\Zl_evghcijh]jZffuj_Zebam_fhcq_j_amjhqgmxb\g_mjhqgmx ^_yl_evghklv F_lh^heh]bq_kdhchkgh\hcKlZg^ZjlZy\ey_lkykbkl_fgh^_yl_evghklguc ih^oh^dhlhjuch[_ki_qb\Z_l nhjfbjh\Zgb_]hlh\ghklbh[mqZxsbokydkZfhjZa\blbxbg_ij_ju\ghfm h[jZah\Zgbx   DhgklblmpbyJhkkbckdhcN_^_jZpbb Kh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhcN_^_jZpbbklkl klklklklklklklklkl kl\f   Dhg\_gpbyHHGhijZ\Zoj_[_gdZijbgylZyghy[jy] K[hjgbdf_`^mgZjh^guo^h]h\hjh\KKKJ\uimkd;/9,\f N=HK   ijh_dlbjh\Zgb_bdhgkljmbjh\Zgb_jZa\b\Zxs_ch[jZah\Zl_evghckj_^u h[jZah\Zl_evgh]hmqj_`^_gby Zdlb\gmxmq_[ghihagZ\Zl_evgmx^_yl_evghklvh[mqZxsboky ihkljh_gb_h[jZah\Zl_evgh]hijhp_kkZkmqzlhfbg^b\b^mZevguo\hajZklguo ikboheh]bq_kdbonbabheh]bq_kdbohkh[_gghkl_cba^hjh\vyh[mqZxsboky KlZg^Zjly\ey_lkyhkgh\hc^ey jZajZ[hldbijbf_jguohkgh\guoh[jZah\Zl_evguoijh]jZffkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby jZajZ[hldbijh]jZffmq_[guoij_^f_lh\ dmjkh\ mq_[ghcebl_jZlmju dhgljhevghbaf_jbl_evguofZl_jbZeh\ hj]ZgbaZpbbh[jZah\Zl_evgh]hijhp_kkZ\h[jZah\Zl_evguomqj_`^_gbyo j_Zebamxsbohkgh\gmxh[jZah\Zl_evgmxijh]jZffmg_aZ\bkbfhhlbo hj]ZgbaZpbhgghijZ\h\uonhjfbih^qbg_gghklb jZajZ[hldb ghjfZlb\h\nbgZgkh\h]hh[_ki_q_gbyh[jZah\Zl_evghc ^_yl_evghklb h[jZah\Zl_evguomqj_`^_gbcj_Zebamxsbohkgh\gmx h[jZah\Zl_evgmxijh]jZffmnhjfbjh\Zgby]hkm^Zjkl\_ggh]h fmgbpbiZevgh]h\f aZ^Zgby^eyh[jZah\Zl_evgh]hmqj_`^_gby hkms_kl\e_gbydhgljheybgZ^ahjZaZkh[ex^_gb_faZdhgh^Zl_evkl\Z JhkkbckdhcN_^_jZpbb\h[eZklbh[jZah\Zgby ijh\_^_gby]hkm^Zjkl\_gghc blh]h\hc\fbijhf_`mlhqghcZll_klZpbb h[mqZxsboky ihkljh_gby kbkl_fu\gmlj_gg_]hfhgblhjbg]ZdZq_kl\Zh[jZah\Zgby\ h[jZah\Zl_evghfmqj_`^_gbb  hj]ZgbaZpbb^_yl_evghklbjZ[hluf_lh^bq_kdbokem`[ Zll_klZpbbi_^Z]h]bq_kdbojZ[hlgbdh\bZ^fbgbkljZlb\ghmijZ\e_gq_kdh]h i_jkhgZeZ]hkm^Zjkl\_gguobfmgbpbiZevguoh[jZah\Zl_evguomqj_`^_gbc hj]ZgbaZpbbih^]hlh\dbijhn_kkbhgZevghci_j_ih^]hlh\dbbih\ur_gby d\ZebnbdZpbbjZ[hlgbdh\h[jZah\Zgby KlZg^Zjlhjb_glbjh\ZggZklZgh\e_gb_ebqghklguooZjZdl_jbklbd  \uimkdgbdZ ihjlj_l\uimkdgbdZrdheu\f ex[ysbck\hcdjZcbk\hxJh^bgmm\Z`Zxsbck\hcgZjh^_]hdmevlmjmb ^moh\gu_ljZ^bpbb hkhagZxsbcbijbgbfZxsbcljZ^bpbhggu_p_gghklbk_fvbjhkkbckdh]h ]jZ`^Zgkdh]hh[s_kl\Zfgh]hgZpbhgZevgh]hjhkkbckdh]hgZjh^Zq_eh\_q_kl\Z hkhagZxsbck\hxkhijbqZklghklvkm^v[_Hl_q_kl\Z dj_Zlb\gucbdjblbq_kdbfukeysbcZdlb\ghbp_e_gZijZ\e_gghihagZxsbc fbjhkhagZxsbcp_gghklvh[jZah\ZgbybgZmdbljm^Zbl\hjq_kl\Z^eyq_eh\_dZb h[s_kl\Z \eZ^_xsbchkgh\ZfbgZmqguof_lh^h\ihagZgbyhdjm`Zxs_]hfbjZ fhlb\bjh\ZggucgZl\hjq_kl\hbbggh\Zpbhggmx^_yl_evghklv ]hlh\ucdkhljm^gbq_kl\mkihkh[guchkms_kl\eylvmq_[ghbkke_^h\Zl_evkdmx ijh_dlgmxbbgnhjfZpbhgghihagZ\Zl_evgmx^_yl_evghklv hkhagZxsbck_[yebqghklvxkhpbZevghZdlb\gucm\Z`ZxsbcaZdhg bijZ\hihjy^hdhkhagZxsbchl\_lkl\_gghklvi_j_^k_fvzch[s_kl\hf ]hkm^Zjkl\hfq_eh\_q_kl\hf N=HK   m\Z`Zxsbcfg_gb_^jm]boex^_cmf_xsbc\_klbdhgkljmdlb\guc^bZeh] ^hklb]Zlv\aZbfhihgbfZgbybmki_rgh\aZbfh^_ckl\h\Zlv hkhagZggh\uihegyxsbc bijhiZ]Zg^bjmxsbc ijZ\beZa^hjh\h]h [_ahiZkgh]hb wdheh]bq_kdbp_e_khh[jZagh]hh[jZaZ`bagb ih^]hlh\e_ggucdhkhagZgghfm\u[hjmijhn_kkbbihgbfZxsbcagZq_gb_ ijhn_kkbhgZevghc^_yl_evghklb^eyq_eh\_dZbh[s_kl\Z fhlb\bjh\ZggucgZh[jZah\Zgb_bkZfhh[jZah\Zgb_\l_q_gb_\k_ck\h_c `bagb  ,,Lj_[h\Zgbydj_amevlZlZfhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu  KlZg^ZjlmklZgZ\eb\Z_llj_[h\Zgbydj_amevlZlZf hk\h_gbyh[mqZxsbfbky  hkgh\ghch[jZah\Zl_evghcijh]jZffu  ebqghklguf\dexqZxsbf]hlh\ghklvbkihkh[ghklvh[mqZxsbokyd kZfhjZa\blbxbebqghklghfmkZfhhij_^_e_gbxknhjfbjh\Zgghklvbofhlb\Zpbb dh[mq_gbxbp_e_gZijZ\e_gghcihagZ\Zl_evghc^_yl_evghklbkbkl_fuagZqbfuo khpbZevguobf_`ebqghklguohlghr_gbcp_gghklghkfukeh\uomklZgh\hd hljZ`Zxsboebqghklgu_b]jZ`^Zgkdb_ihabpbb\^_yl_evghklbijZ\hkhagZgb_ wdheh]bq_kdmxdmevlmjmkihkh[ghklvklZ\blvp_ebbkljhblv`bag_ggu_ieZgu kihkh[ghklvdhkhagZgbxjhkkbckdhc]jZ`^Zgkdhcb^_glbqghklb\ihebdmevlmjghf khpbmf_  f_lZij_^f_lguf\dexqZxsbfhk\h_ggu_h[mqZxsbfbkyf_`ij_^f_lgu_ ihgylbybmgb\_jkZevgu_mq_[gu_^_ckl\by j_]meylb\gu_ihagZ\Zl_evgu_ dhffmgbdZlb\gu_\fkihkh[ghklvbobkihevah\Zgby\ihagZ\Zl_evghcbkhpbZevghc ijZdlbd_kZfhklhyl_evghklv\ieZgbjh\Zgbbbhkms_kl\e_gbbmq_[ghc ^_yl_evghklbbhj]ZgbaZpbbmq_[gh]hkhljm^gbq_kl\Zki_^Z]h]Zfbbk\_jklgbdZfb kihkh[ghklvdihkljh_gbxbg^b\b^mZevghch[jZah\Zl_evghcljZ_dlhjbb\eZ^_gb_ gZ\udZfbmq_[ghbkke_^h\Zl_evkdhcijh_dlghcbkhpbZevghc^_yl_evghklb ij_^f_lguf\dexqZxsbfhk\h_ggu_h[mqZxsbfbky\oh^_bamq_gby mq_[gh]hij_^f_lZmf_gbyki_pbnbq_kdb_^ey^Zgghcij_^f_lghch[eZklb \b^u^_yl_evghklbihihemq_gbxgh\h]hagZgby\jZfdZomq_[gh]hij_^f_lZ _]hij_h[jZah\Zgbxbijbf_g_gbx\mq_[guomq_[ghijh_dlguobkhpbZevgh ijh_dlguokblmZpbyonhjfbjh\Zgb_gZmqgh]hlbiZfure_gby\eZ^_gb_gZmqghc l_jfbgheh]b_cdexq_\ufbihgylbyfbf_lh^ZfbbijbzfZfb Ebqghklgu_j_amevlZluhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu ^he`guhljZ`Zlv \fjhkkbckdmx]jZ`^Zgkdmxb^_glbqghklviZljbhlbafm\Z`_gb_dk\h_fm gZjh^mqm\kl\Zhl\_lkl\_gghklbi_j_^Jh^bghc]hj^hklbaZk\hcdjZck\hx Jh^bgmijhreh_bgZklhys__fgh]hgZpbhgZevgh]hgZjh^ZJhkkbbm\Z`_gb_ ]hkm^Zjkl\_gguokbf\heh\ ]_j[neZ]]bfg\f \f]jZ`^ZgkdmxihabpbxdZdZdlb\gh]hbhl\_lkl\_ggh]hqe_gZjhkkbckdh]h h[s_kl\ZhkhagZxs_]hk\hbdhgklblmpbhggu_ijZ\Zbh[yaZgghklbm\Z`Zxs_]h aZdhgbijZ\hihjy^hdh[eZ^Zxs_]hqm\kl\hfkh[kl\_ggh]h^hklhbgkl\ZhkhagZggh ijbgbfZxs_]hljZ^bpbhggu_gZpbhgZevgu_bh[s_q_eh\_q_kdb_]mfZgbklbq_kdb_ b^_fhdjZlbq_kdb_p_gghklb N=HK   \f]hlh\ghklvdkem`_gbxHl_q_kl\m_]haZsbl_ \fknhjfbjh\Zgghklvfbjh\haaj_gbykhhl\_lkl\mxs_]hkh\j_f_gghfm mjh\gxjZa\blbygZmdbbh[s_kl\_gghcijZdlbdbhkgh\Zggh]hgZ^bZeh]_dmevlmj ZlZd`_jZaebqguonhjfh[s_kl\_ggh]hkhagZgbyhkhagZgb_k\h_]hf_klZ\ ihebdmevlmjghffbj_ \fknhjfbjh\Zgghklvhkgh\kZfhjZa\blbybkZfh\hkiblZgby\khhl\_lkl\bb kh[s_q_eh\_q_kdbfbp_gghklyfbbb^_ZeZfb]jZ`^Zgkdh]hh[s_kl\Z]hlh\ghklvb kihkh[ghklvdkZfhklhyl_evghcl\hjq_kdhcbhl\_lkl\_gghc^_yl_evghklb \flhe_jZglgh_khagZgb_bih\_^_gb_\ihebdmevlmjghffbj_]hlh\ghklvb kihkh[ghklv\_klb^bZeh]k^jm]bfbex^vfb^hklb]Zlv\gzf\aZbfhihgbfZgby gZoh^blvh[sb_p_ebbkhljm^gbqZlv^eybo^hklb`_gby \fgZ\udbkhljm^gbq_kl\Zkhk\_jklgbdZfb^_lvfbfeZ^r_]h\hajZklZ \ajhkeufb\h[jZah\Zl_evghch[s_kl\_gghihe_aghcmq_[ghbkke_^h\Zl_evkdhc ijh_dlghcb^jm]bo\b^Zo^_yl_evghklb \fgjZ\kl\_ggh_khagZgb_bih\_^_gb_gZhkgh\_mk\h_gbyh[s_q_eh\_q_kdbo p_gghkl_c \f]hlh\ghklvbkihkh[ghklvdh[jZah\Zgbx\lhfqbke_kZfhh[jZah\Zgbx gZijhly`_gbb\k_c`bagbkhagZl_evgh_hlghr_gb_dg_ij_ju\ghfmh[jZah\Zgbx dZdmkeh\bxmki_rghcijhn_kkbhgZevghcbh[s_kl\_gghc^_yl_evghklb \fwkl_lbq_kdh_hlghr_gb_dfbjm\dexqZywkl_lbdm[ulZgZmqgh]hb l_ogbq_kdh]hl\hjq_kl\ZkihjlZh[s_kl\_gguohlghr_gbc \fijbgylb_bj_ZebaZpbxp_gghkl_ca^hjh\h]hb[_ahiZkgh]hh[jZaZ `bagbihlj_[ghklb\nbabq_kdhfkZfhkh\_jr_gkl\h\ZgbbaZgylbyokihjlb\gh ha^hjh\bl_evghc^_yl_evghklvxg_ijbylb_\j_^guoijb\uq_ddmj_gby mihlj_[e_gbyZedh]heygZjdhlbdh\ \f[_j_`gh_hl\_lkl\_ggh_bdhfi_l_glgh_hlghr_gb_dnbabq_kdhfm bikboheh]bq_kdhfma^hjh\vxdZdkh[kl\_gghfmlZdb^jm]boex^_cmf_gb_ hdZau\Zlvi_j\mxihfhsv \fhkhagZgguc\u[hj[m^ms_cijhn_kkbbb\hafh`ghkl_cj_ZebaZpbb kh[kl\_gguo`bag_gguoieZgh\hlghr_gb_dijhn_kkbhgZevghc^_yl_evghklb dZd\hafh`ghklbmqZklby\j_r_gbbebqguoh[s_kl\_gguo]hkm^Zjkl\_gguo h[s_gZpbhgZevguoijh[e_f \fknhjfbjh\Zgghklvwdheh]bq_kdh]hfure_gbyihgbfZgby\ebygby khpbZevghwdhghfbq_kdboijhp_kkh\gZkhklhygb_ijbjh^ghcbkhpbZevghckj_^u ijbh[j_l_gb_hiulZwdheh]hgZijZ\e_gghc^_yl_evghklb \fhl\_lkl\_ggh_hlghr_gb_dkha^Zgbxk_fvbgZhkgh\_hkhagZggh]h ijbgylbyp_gghkl_ck_f_cghc`bagb F_lZij_^f_lgu_j_amevlZluhk\h_gbyhkgh\ghch[jZah\Zl_evghc ijh]jZffu^he`guhljZ`Zlv \fmf_gb_kZfhklhyl_evghhij_^_eylvp_eb^_yl_evghklbbkhklZ\eylvieZgu ^_yl_evghklbkZfhklhyl_evghhkms_kl\eylvdhgljhebjh\Zlvbdhjj_dlbjh\Zlv  ^_yl_evghklvbkihevah\Zlv\k_\hafh`gu_j_kmjku^ey^hklb`_gbyihklZ\e_gguo p_e_cbj_ZebaZpbbieZgh\^_yl_evghklb\u[bjZlvmki_rgu_kljZl_]bb\ jZaebqguokblmZpbyo N=HK   \f mf_gb_ijh^mdlb\ghh[sZlvkyb\aZbfh^_ckl\h\Zlv \ijhp_kk_kh\f_klghc ^_yl_evghklbmqblu\Zlvihabpbb^jm]bomqZklgbdh\^_yl_evghklbwnn_dlb\ghjZaj_rZlv dhgnebdlu \f\eZ^_gb_gZ\udZfbihagZ\Zl_evghcmq_[ghbkke_^h\Zl_evkdhcbijh_dlghc ^_yl_evghklbgZ\udZfbjZaj_r_gbyijh[e_fkihkh[ghklvb]hlh\ghklvd kZfhklhyl_evghfmihbkdmf_lh^h\j_r_gbyijZdlbq_kdboaZ^Zqijbf_g_gbxjZaebqguo f_lh^h\ihagZgby \f]hlh\ghklvbkihkh[ghklvdkZfhklhyl_evghcbgnhjfZpbhgghihagZ\Zl_evghc ^_yl_evghklb\dexqZymf_gb_hjb_glbjh\Zlvky\jZaebqguobklhqgbdZobgnhjfZpbb djblbq_kdbhp_gb\Zlvbbgl_jij_lbjh\ZlvbgnhjfZpbxihemqZ_fmxbajZaebqguo bklhqgbdh\ \fmf_gb_bkihevah\Zlvkj_^kl\ZbgnhjfZpbhgguobdhffmgbdZpbhgguo l_ogheh]bc ^Ze__BDL\f\j_r_gbbdh]gblb\guodhffmgbdZlb\guobhj]ZgbaZpbhgguo aZ^Zqkkh[ex^_gb_flj_[h\Zgbcwj]hghfbdbl_ogbdb[_ahiZkghklb]b]b_gu j_kmjkhk[_j_`_gbyijZ\h\uobwlbq_kdboghjfghjfbgnhjfZpbhgghc[_ahiZkghklb \fmf_gb_hij_^_eylvgZagZq_gb_bnmgdpbbjZaebqguokhpbZevguobgklblmlh\  \fmf_gb_kZfhklhyl_evghhp_gb\ZlvbijbgbfZlvj_r_gbyhij_^_eyxsb_ kljZl_]bxih\_^_gbykmqzlhf]jZ`^ZgkdbobgjZ\kl\_gguop_gghkl_c \f\eZ^_gb_yaudh\ufbkj_^kl\Zfbmf_gb_ykgheh]bqghblhqghbaeZ]Zlvk\hx lhqdmaj_gbybkihevah\ZlvZ^_d\Zlgu_yaudh\u_kj_^kl\Z \f\eZ^_gb_gZ\udZfbihagZ\Zl_evghcj_ne_dkbbdZdhkhagZgbykh\_jrZ_fuo ^_ckl\bcbfukebl_evguoijhp_kkh\boj_amevlZlh\bhkgh\Zgbc]jZgbpk\h_]hagZgbyb g_agZgbygh\uoihagZ\Zl_evguoaZ^Zqbkj_^kl\bo^hklb`_gby Ij_^f_lgu_j_amevlZluhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu mklZgZ\eb\Zxlky^eymq_[guoij_^f_lh\gZ[Zah\hfbm]em[e_gghfmjh\gyo Ij_^f_lgu_j_amevlZluhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu^ey mq_[guoij_^f_lh\gZ[Zah\hfmjh\g_hjb_glbjh\ZgugZh[_ki_q_gb_ij_bfms_kl\_ggh h[s_h[jZah\Zl_evghcbh[s_dmevlmjghcih^]hlh\db Ij_^f_lgu_j_amevlZluhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu^ey mq_[guoij_^f_lh\gZm]em[e_gghfmjh\g_hjb_glbjh\Zguij_bfms_kl\_gghgZ ih^]hlh\dmdihke_^mxs_fmijhn_kkbhgZevghfmh[jZah\ZgbxjZa\blb_bg^b\b^mZevguo kihkh[ghkl_ch[mqZxsbokyiml_f[he__]em[hdh]hq_fwlhij_^mkfZljb\Z_lky[Zah\uf dmjkhfhk\h_gb_fhkgh\gZmdkbkl_fZlbq_kdboagZgbcbkihkh[h\^_ckl\bcijbkmsbo ^Zgghfmmq_[ghfmij_^f_lm Ij_^f_lgu_j_amevlZluhk\h_gbybgl_]jbjh\Zgguomq_[guoij_^f_lh\ hjb_glbjh\ZgugZnhjfbjh\Zgb_p_ehklguoij_^klZ\e_gbchfbj_bh[s_cdmevlmju h[mqZxsbokyiml_fhk\h_gbykbkl_fZlbq_kdbogZmqguoagZgbcbkihkh[h\^_ckl\bcgZ f_lZij_^f_lghchkgh\_ Ij_^f_lgu_j_amevlZluhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu^he`gu h[_ki_qb\Zlv\hafh`ghklv^Zevg_cr_]hmki_rgh]hijhn_kkbhgZevgh]hh[mq_gbybeb ijhn_kkbhgZevghc^_yl_evghklb Nbeheh]bybbghkljZggu_yaudb Bamq_gb_ij_^f_lguoh[eZkl_cNbeheh]bybBghkljZggu_yaudb^he`gh h[_ki_qblv knhjfbjh\Zgghklvij_^klZ\e_gbchjhebyaudZ\`bagbq_eh\_dZh[s_kl\Z ]hkm^Zjkl\Zijbh[s_gb_q_j_abamq_gb_jmkkdh]hbjh^gh]h g_jmkkdh]h\fyaudZ bghkljZggh]hyaudZbebl_jZlmjudp_gghklyfgZpbhgZevghcbfbjh\hcdmevlmju kihkh[ghklvk\h[h^ghh[sZlvky\jZaebqguonhjfZobgZjZagu_l_fu N=HK   k\h[h^gh_bkihevah\Zgb_keh\Zjgh]haZiZkZ knhjfbjh\Zgghklvmf_gbcgZibkZgbyl_dklh\ihjZaebqgufl_fZfgZjmkkdhfb jh^ghf g_jmkkdhf\fyaudZobihbamq_gghcijh[e_fZlbd_gZbghkljZgghfyaud_\ lhfqbke_^_fhgkljbjmxsbol\hjq_kdb_kihkh[ghklbh[mqZxsboky knhjfbjh\Zgghklvmklhcqb\h]hbgl_j_kZdql_gbxdZdkj_^kl\mihagZgby ^jm]bodmevlmjm\Z`bl_evgh]hhlghr_gbydgbf knhjfbjh\ZgghklvgZ\udh\jZaebqguo\b^h\ZgZebaZebl_jZlmjguo ijhba\_^_gbc Ij_^f_lgu_j_amevlZlubamq_gbyij_^f_lghch[eZklbNbeheh]by \dexqZxlij_^f_lgu_j_amevlZlubamq_gbymq_[guoij_^f_lh\  Jmkkdbcyaudbebl_jZlmjZJh^ghc g_jmkkdbc\fyaudbebl_jZlmjZ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby[Zah\h]hdmjkZ jmkkdh]hyaudZbebl_jZlmju jh^gh]h g_jmkkdh]h\fyaudZbebl_jZlmju\f^he`gu hljZ`Zlv \fknhjfbjh\ZgghklvihgylbchghjfZojmkkdh]hjh^gh]h g_jmkkdh]h\f ebl_jZlmjgh]hyaudZbijbf_g_gb_agZgbchgbo\j_q_\hcijZdlbd_ \f\eZ^_gb_gZ\udZfbkZfhZgZebaZbkZfhhp_gdbgZhkgh\_gZ[ex^_gbc aZkh[kl\_gghcj_qvx \f\eZ^_gb_mf_gb_fZgZebabjh\Zlvl_dklklhqdbaj_gbygZebqby\gzfy\ghc bkdjulhchkgh\ghcb\lhjhkl_i_gghcbgnhjfZpbb \f\eZ^_gb_mf_gb_fij_^klZ\eylvl_dklu\\b^_l_abkh\dhgki_dlh\ ZgghlZpbcj_n_jZlh\khqbg_gbcjZaebqguo`Zgjh\ \fagZgb_kh^_j`Zgbyijhba\_^_gbcjmkkdhcjh^ghcbfbjh\hcdeZkkbq_kdhc ebl_jZlmjubobklhjbdhdmevlmjgh]hbgjZ\kl\_gghp_gghklgh]h\ebygbygZ nhjfbjh\Zgb_gZpbhgZevghcbfbjh\hc \fknhjfbjh\Zgghklvij_^klZ\e_gbch[bah[jZabl_evgh\ujZabl_evguo \hafh`ghklyojmkkdh]hjh^gh]h g_jmkkdh]h\fyaudZ \fknhjfbjh\Zgghklvmf_gbcmqblu\Zlvbklhjbq_kdbcbklhjbdhdmevlmjguc dhgl_dklbdhgl_dkll\hjq_kl\ZibkZl_ey\ijhp_kk_ZgZebaZom^h`_kl\_ggh]h ijhba\_^_gby \fkihkh[ghklv\uy\eylv\om^h`_kl\_gguol_dklZoh[jZaul_fubijh[e_fu b\ujZ`Zlvk\hzhlghr_gb_dgbf\jZa\zjgmluoZj]mf_glbjh\Zgguomklguob ibkvf_gguo\ukdZau\Zgbyo \f\eZ^_gb_gZ\udZfbZgZebaZom^h`_kl\_gguoijhba\_^_gbckmqzlhfbo `Zgjh\hjh^h\hcki_pbnbdbhkhagZgb_om^h`_kl\_gghcdZjlbgu`bagbkha^Zgghc \ebl_jZlmjghfijhba\_^_gbb\_^bgkl\_wfhpbhgZevgh]hebqghklgh]h\hkijbylby bbgl_ee_dlmZevgh]hihgbfZgby \fknhjfbjh\Zgghklvij_^klZ\e_gbchkbkl_f_klbe_cyaudZom^h`_kl\_gghc ebl_jZlmju Jmkkdbcyaudbebl_jZlmjZJh^ghc g_jmkkdbc\fyaudbebl_jZlmjZ m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby m]em[e_ggh]hdmjkZjmkkdh]hyaudZbebl_jZlmju jh^gh]h g_jmkkdh]h\fyaudZb ebl_jZlmju\f^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZfhk\h_gby[Zah\h]hdmjkZb ^hihegbl_evghhljZ`Zlv N=HK   \fknhjfbjh\Zgghklvij_^klZ\e_gbchebg]\bklbd_dZdqZklb h[s_q_eh\_q_kdh]h]mfZgblZjgh]hagZgby \fknhjfbjh\Zgghklvij_^klZ\e_gbchyaud_dZdfgh]hnmgdpbhgZevghc jZa\b\Zxs_ckykbkl_f_hklbebklbq_kdboj_kmjkZoyaudZ \f\eZ^_gb_agZgbyfbhyaudh\hcghjf__znmgdpbyob\ZjbZglZohghjfZo j_q_\h]hih\_^_gby\jZaebqguokn_jZobkblmZpbyoh[s_gby \f\eZ^_gb_mf_gb_fZgZebabjh\Zlv_^bgbpujZaebqguoyaudh\uomjh\g_cZ lZd`_yaudh\u_y\e_gbybnZdlu^himkdZxsb_g_h^ghagZqgmxbgl_jij_lZpbx \fknhjfbjh\Zgghklvmf_gbcebg]\bklbq_kdh]hZgZebaZl_dklh\jZaghc nmgdpbhgZevghklbe_\hcb`Zgjh\hcijbgZ^e_`ghklb \f\eZ^_gb_jZaebqgufbijbzfZfbj_^Zdlbjh\Zgbyl_dklh\ \fknhjfbjh\Zgghklvmf_gbcijh\h^blvebg]\bklbq_kdbcwdki_jbf_glb bkihevah\Zlv_]hj_amevlZlu\ijhp_kk_ijZdlbq_kdhcj_q_\hc^_yl_evghklb \fihgbfZgb_bhkfuke_ggh_bkihevah\Zgb_ihgylbcgh]hZiiZjZlZ kh\j_f_ggh]hebl_jZlmjh\_^_gby\ijhp_kk_ql_gbybbgl_jij_lZpbb om^h`_kl\_gguoijhba\_^_gbc \f\eZ^_gb_gZ\udZfbdhfie_dkgh]hnbeheh]bq_kdh]hZgZebaZ om^h`_kl\_ggh]hl_dklZ \fknhjfbjh\Zgghklvij_^klZ\e_gbchkbkl_f_klbe_com^h`_kl\_gghc ebl_jZlmjujZaguowihoebl_jZlmjguogZijZ\e_gbyoh[bg^b\b^mZevghf Z\lhjkdhfklbe_ \f\eZ^_gb_gZqZevgufbgZ\udZfbebl_jZlmjh\_^q_kdh]hbkke_^h\Zgby bklhjbdhbl_hj_lbdhebl_jZlmjgh]hoZjZdl_jZ \fmf_gb_hp_gb\Zlvom^h`_kl\_ggmxbgl_jij_lZpbxebl_jZlmjgh]h ijhba\_^_gby\ijhba\_^_gbyo^jm]bo\b^h\bkdmkkl\ ]jZnbdZb`b\hibkvl_Zlj dbghfmaudZ\f \fknhjfbjh\Zgghklvij_^klZ\e_gbchijbgpbiZohkgh\guogZijZ\e_gbc ebl_jZlmjghcdjblbdb Ij_^f_lgu_j_amevlZlubamq_gbyij_^f_lghch[eZklbBghkljZggu_ yaudb\dexqZxlij_^f_lgu_j_amevlZlubamq_gbymq_[guoij_^f_lh\  BghkljZggucyaudlhjhcbghkljZggucyaud [Zah\ucmjh\_gv\f lj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby[Zah\h]hdmjkZbghkljZggh]hyaudZ ^he`guhljZ`Zlv \fknhjfbjh\ZgghklvdhffmgbdZlb\ghcbghyauqghcdhfi_l_gpbb g_h[oh^bfhc^eymki_rghckhpbZebaZpbbbkZfhj_ZebaZpbbdZdbgkljmf_glZ f_`dmevlmjgh]hh[s_gby\kh\j_f_gghfihebdmevlmjghffbj_ \f\eZ^_gb_agZgbyfbhkhpbhdmevlmjghcki_pbnbd_kljZgukljZgbamqZ_fh]h yaudZbmf_gb_kljhblvk\hzj_q_\h_bg_j_q_\h_ih\_^_gb_Z^_d\Zlghwlhc ki_pbnbd_mf_gb_\u^_eylvh[s__bjZaebqgh_\dmevlmj_jh^ghckljZgub kljZgukljZgbamqZ_fh]hyaudZ \f^hklb`_gb_ihjh]h\h]hmjh\gy  \eZ^_gbybghkljZggufyaudhf iha\heyxs_]h\uimkdgbdZfh[sZlvky\mklghcbibkvf_gghcnhjfZodZd kghkbl_eyfbbamqZ_fh]hbghkljZggh]hyaudZlZdbkij_^klZ\bl_eyfb^jm]bo kljZgbkihevamxsbfb^ZggucyauddZdkj_^kl\hh[s_gby N=HK   \fknhjfbjh\Zgghklvmf_gbybkihevah\ZlvbghkljZggucyauddZdkj_^kl\h ^eyihemq_gbybgnhjfZpbbbabghyauqguobklhqgbdh\\h[jZah\Zl_evguob kZfhh[jZah\Zl_evguop_eyo BghkljZggucyaudlhjhcbghkljZggucyaud m]em[e_ggucmjh\_gv\f lj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gbym]em[e_ggh]hdmjkZbghkljZggh]h yaudZ^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZfhk\h_gby[Zah\h]hdmjkZb ^hihegbl_evghhljZ`Zlv \f^hklb`_gb_mjh\gy\eZ^_gbybghkljZggufyaudhfij_\urZxs_]h ihjh]h\uc^hklZlhqgh]h^ey^_eh\h]hh[s_gby\jZfdZo\u[jZggh]hijhnbey \fknhjfbjh\Zgghklvmf_gbyi_j_\h^ZkbghkljZggh]hyaudZgZjmkkdbcijb jZ[hl_kg_keh`gufbl_dklZfb\jmke_\u[jZggh]hijhnbey \f\eZ^_gb_bghkljZggufyaudhfdZdh^gbfbakj_^kl\nhjfbjh\Zgby mq_[ghbkke_^h\Zl_evkdbomf_gbcjZkrbj_gbyk\hboagZgbc\^jm]boij_^f_lguo h[eZklyo H[s_kl\_ggu_gZmdb Bamq_gb_ij_^f_lghch[eZklbH[s_kl\_ggu_gZmdb^he`ghh[_ki_qblv knhjfbjh\Zgghklvfbjh\haaj_gq_kdhcp_gghklghkfukeh\hckn_ju h[mqZxsbokyjhkkbckdhc]jZ`^Zgkdhcb^_glbqghklbihebdmevlmjghklb lhe_jZglghklbijb\_j`_gghklbp_gghklyfaZdj_iezggufDhgklblmpb_c JhkkbckdhcN_^_jZpbb ihgbfZgb_jhebJhkkbb\fgh]hh[jZaghf[ukljhf_gyxs_fky]eh[Zevghf fbj_ knhjfbjh\ZgghklvgZ\udh\djblbq_kdh]hfure_gbyZgZebaZbkbgl_aZ mf_gbchp_gb\ZlvbkhihklZ\eylvf_lh^ubkke_^h\ZgbyoZjZdl_jgu_^ey h[s_kl\_gguogZmd nhjfbjh\Zgb_p_ehklgh]h\hkijbylby\k_]hki_dljZijbjh^guo wdhghfbq_kdbokhpbZevguoj_Zebc knhjfbjh\Zgghklvmf_gbch[h[sZlvZgZebabjh\Zlvbhp_gb\Zlv bgnhjfZpbxl_hjbbdhgp_ipbbnZdlubf_xsb_hlghr_gb_dh[s_kl\_gghfm jZa\blbxbjhebebqghklb\gzfkp_evxijh\_jdb]bihl_abbgl_jij_lZpbb ^ZgguojZaebqguobklhqgbdh\ \eZ^_gb_agZgbyfbhfgh]hh[jZabb\a]ey^h\bl_hjbcihl_fZlbd_ h[s_kl\_gguogZmd Ij_^f_lgu_j_amevlZlubamq_gbyij_^f_lghch[eZklbH[s_kl\_ggu_gZmdb \dexqZxlij_^f_lgu_j_amevlZlubamq_gbymq_[guoij_^f_lh\  Bklhjby [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gby[Zah\h]hdmjkZbklhjbb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchkh\j_f_gghcbklhjbq_kdhc gZmd__zki_pbnbd_f_lh^Zobklhjbq_kdh]hihagZgbybjheb\j_r_gbbaZ^Zq ijh]j_kkb\gh]hjZa\blbyJhkkbb\]eh[Zevghffbj_ \f\eZ^_gb_dhfie_dkhfagZgbch[bklhjbbJhkkbbbq_eh\_q_kl\Z\p_ehf ij_^klZ\e_gbyfbh[h[s_fbhkh[_gghf\fbjh\hfbklhjbq_kdhfijhp_kk_ \fknhjfbjh\Zgghklvmf_gbcijbf_gylvbklhjbq_kdb_agZgby \ijhn_kkbhgZevghcbh[s_kl\_gghc^_yl_evghklbihebdmevlmjghfh[s_gbb N=HK   \f\eZ^_gb_gZ\udZfbijh_dlghc^_yl_evghklbbbklhjbq_kdhcj_dhgkljmdpbb kijb\e_q_gb_fjZaebqguobklhqgbdh\ \fknhjfbjh\Zgghklvmf_gbc\_klb^bZeh]h[hkgh\u\Zlvk\hxlhqdmaj_gby \^bkdmkkbbihbklhjbq_kdhcl_fZlbd_ Bklhjby m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZbklhjbb^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZf hk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\ZgghklvagZgbchf_kl_bjhebbklhjbq_kdhcgZmdb\kbkl_f_ gZmqguo^bkpbiebgij_^klZ\e_gbch[bklhjbh]jZnbb \f\eZ^_gb_kbkl_fgufbbklhjbq_kdbfbagZgbyfbihgbfZgb_f_klZbjheb Jhkkbb\fbjh\hcbklhjbb \f\eZ^_gb_ijbzfZfbjZ[hlukbklhjbq_kdbfbbklhqgbdZfbmf_gbyfb kZfhklhyl_evghZgZebabjh\Zlv^hdmf_glZevgmx[Zamihbklhjbq_kdhcl_fZlbd_ \fknhjfbjh\Zgghklvmf_gbchp_gb\ZlvjZaebqgu_bklhjbq_kdb_\_jkbb H[s_kl\hagZgb_ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lguf j_amevlZlZfhk\h_gbybgl_]jbjh\Zggh]hmq_[gh]h ij_^f_lZH[s_kl\hagZgb_^he`guhljZ`Zlv \fknhjfbjh\ZgghklvagZgbch[h[s_kl\_dZdp_ehklghcjZa\b\Zxs_cky kbkl_f_\_^bgkl\_b\aZbfh^_ckl\bb_]hhkgh\guokn_jbbgklblmlh\ \f\eZ^_gb_[Zah\ufihgylbcgufZiiZjZlhfkhpbZevguogZmd \f\eZ^_gb_mf_gbyfb\uy\eylvijbqbgghke_^kl\_ggu_nmgdpbhgZevgu_ b_jZjobq_kdb_b^jm]b_k\yabkhpbZevguoh[t_dlh\bijhp_kkh\ \fknhjfbjh\Zgghklvij_^klZ\e_gbch[hkgh\guol_g^_gpbyob\hafh`guo i_jki_dlb\ZojZa\blbyfbjh\h]hkhh[s_kl\Z\]eh[Zevghffbj_ \fknhjfbjh\Zgghklvij_^klZ\e_gbchf_lh^ZoihagZgbykhpbZevguoy\e_gbc bijhp_kkh\ \f\eZ^_gb_mf_gbyfbijbf_gylvihemq_ggu_agZgby\ih\k_^g_\ghc`bagb ijh]ghabjh\Zlvihke_^kl\byijbgbfZ_fuoj_r_gbc \fknhjfbjh\ZgghklvgZ\udh\hp_gb\ZgbykhpbZevghcbgnhjfZpbbmf_gbc ihbkdZbgnhjfZpbb\bklhqgbdZojZaebqgh]hlbiZ^eyj_dhgkljmdpbbg_^hklZxsbo a\_gv_\kp_evxh[tykg_gbybhp_gdbjZaghh[jZaguoy\e_gbcbijhp_kkh\ h[s_kl\_ggh]hjZa\blby =_h]jZnby [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gby[Zah\h]hdmjkZ]_h]jZnbb^he`guhljZ`Zlv \f\eZ^_gb_ij_^klZ\e_gbyfbhkh\j_f_gghc]_h]jZnbq_kdhcgZmd__z mqZklbb\j_r_gbb\Z`g_crboijh[e_fq_eh\_q_kl\Z \f\eZ^_gb_]_h]jZnbq_kdbffure_gb_f^eyhij_^_e_gby]_h]jZnbq_kdbo Zki_dlh\ijbjh^guokhpbZevghwdhghfbq_kdbobwdheh]bq_kdboijhp_kkh\b ijh[e_f \fknhjfbjh\Zgghklvkbkl_fudhfie_dkguokhpbZevghhjb_glbjh\Zgguo ]_h]jZnbq_kdboagZgbchaZdhghf_jghklyojZa\blbyijbjh^ujZaf_s_gby gZk_e_gbybohayckl\Zh^bgZfbd_bl_jjblhjbZevguohkh[_gghklyoijhp_kkh\ ijhl_dZxsbo\]_h]jZnbq_kdhfijhkljZgkl\_ N=HK   \f\eZ^_gb_mf_gbyfbijh\_^_gbygZ[ex^_gbcaZhl^_evgufb ]_h]jZnbq_kdbfbh[t_dlZfbijhp_kkZfbby\e_gbyfbbobaf_g_gbyfb\j_amevlZl_ ijbjh^guobZgljhih]_gguo\ha^_ckl\bc \f\eZ^_gb_mf_gbyfbbkihevah\ZlvdZjlujZagh]hkh^_j`Zgby^ey\uy\e_gby aZdhghf_jghkl_cbl_g^_gpbcihemq_gbygh\h]h]_h]jZnbq_kdh]hagZgbyh ijbjh^guokhpbZevghwdhghfbq_kdbobwdheh]bq_kdboijhp_kkZoby\e_gbyo \f\eZ^_gb_mf_gbyfb]_h]jZnbq_kdh]hZgZebaZbbgl_jij_lZpbb jZaghh[jZaghcbgnhjfZpbb \f\eZ^_gb_mf_gbyfbijbf_gylv]_h]jZnbq_kdb_agZgby^eyh[tykg_gbyb hp_gdbjZaghh[jZaguoy\e_gbcbijhp_kkh\kZfhklhyl_evgh]hhp_gb\Zgbymjh\gy [_ahiZkghklbhdjm`Zxs_ckj_^uZ^ZilZpbbdbaf_g_gbx_zmkeh\bc \fknhjfbjh\Zgghklvij_^klZ\e_gbcbagZgbch[hkgh\guoijh[e_fZo \aZbfh^_ckl\byijbjh^ubh[s_kl\Zhijbjh^guobkhpbZevghwdhghfbq_kdbo Zki_dlZowdheh]bq_kdboijh[e_f =_h]jZnby m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZ]_h]jZnbb^he`gu\dexqZlvlj_[h\Zgbyd j_amevlZlZfhk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\ZgghklvagZgbchkhklZ\_kh\j_f_ggh]hdhfie_dkZ ]_h]jZnbq_kdbogZmd_]hki_pbnbd_bf_kl_\kbkl_f_gZmqguo^bkpbiebgjheb\ j_r_gbbkh\j_f_gguogZmqguobijZdlbq_kdboaZ^Zq \f\eZ^_gb_mf_gbyfbijbf_g_gby]_h]jZnbq_kdh]hfure_gby^ey \uqe_g_gbybhp_gb\Zgby]_h]jZnbq_kdbonZdlhjh\hij_^_eyxsbokmsghklv b^bgZfbdm\Z`g_crboijbjh^guokhpbZevghwdhghfbq_kdbobwdheh]bq_kdbo ijhp_kkh\ \fknhjfbjh\Zgghklvdhfie_dkZagZgbchp_ehklghklb]_h]jZnbq_kdh]h ijhkljZgkl\ZdZdb_jZjobb\aZbfhk\yaZgguoijbjh^ghh[s_kl\_gguo l_jjblhjbZevguokbkl_f \f\eZ^_gb_mf_gbyfbijh\h^blvmq_[gu_bkke_^h\Zgby\lhfqbke_ kbkihevah\Zgb_fijhkl_cr_]hfh^_ebjh\Zgbybijh_dlbjh\Zgbyijbjh^guo khpbZevghwdhghfbq_kdbob]_hwdheh]bq_kdboy\e_gbcbijhp_kkh\ \f\eZ^_gb_gZ\udZfbdZjlh]jZnbq_kdhcbgl_jij_lZpbbijbjh^guo khpbZevghwdhghfbq_kdbobwdheh]bq_kdbooZjZdl_jbklbdjZaebqguol_jjblhjbc \f\eZ^_gb_mf_gbyfbjZ[hlZlvk]_hbgnhjfZpbhggufbkbkl_fZfb \f\eZ^_gb_i_j\bqgufbmf_gbyfbijh\h^blv]_h]jZnbq_kdmxwdki_jlbam jZaghh[jZaguoijbjh^guokhpbZevghwdhghfbq_kdbobwdheh]bq_kdboijhp_kkh\ \fknhjfbjh\Zgghklvkbkl_fuagZgbch[hkgh\guoijhp_kkZo aZdhghf_jghklyobijh[e_fZo\aZbfh^_ckl\by]_h]jZnbq_kdhckj_^ubh[s_kl\Zh ]_h]jZnbq_kdboih^oh^Zodmklhcqb\hfmjZa\blbxl_jjblhjbc WdhghfbdZ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gby[Zah\h]hdmjkZwdhghfbdb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvkbkl_fuagZgbch[wdhghfbq_kdhckn_j_\`bagb h[s_kl\ZdZdijhkljZgkl\_\dhlhjhfhkms_kl\ey_lkywdhghfbq_kdZy^_yl_evghklv bg^b\b^h\k_f_chl^_evguoij_^ijbylbcb]hkm^Zjkl\Z N=HK   \fihgbfZgb_kmsghklbwdhghfbq_kdbobgklblmlh\bojheb\khpbZevgh wdhghfbq_kdhfjZa\blbbh[s_kl\ZihgbfZgb_agZq_gbywlbq_kdboghjfb gjZ\kl\_gguop_gghkl_c\wdhghfbq_kdhc^_yl_evghklbhl^_evguoex^_cb h[s_kl\Zknhjfbjh\Zgghklvm\Z`bl_evgh]hhlghr_gbydqm`hckh[kl\_gghklb \fknhjfbjh\Zgghklvwdhghfbq_kdh]hfure_gbymf_gbyijbgbfZlv jZpbhgZevgu_j_r_gby\mkeh\byohlghkbl_evghch]jZgbq_gghklb^hklmiguo j_kmjkh\hp_gb\ZlvbijbgbfZlvhl\_lkl\_gghklvaZbo\hafh`gu_ihke_^kl\by^ey k_[yk\h_]hhdjm`_gbybh[s_kl\Z\p_ehf \f\eZ^_gb_gZ\udZfbihbkdZZdlmZevghcwdhghfbq_kdhcbgnhjfZpbb\ jZaebqguobklhqgbdZo\dexqZyBgl_jg_lmf_gb_jZaebqZlvnZdluZj]mf_glu bhp_ghqgu_km`^_gbyZgZebabjh\Zlvij_h[jZah\u\Zlvbbkihevah\Zlv wdhghfbq_kdmxbgnhjfZpbx^eyj_r_gbyijZdlbq_kdboaZ^Zq\mq_[ghc ^_yl_evghklbbj_Zevghc`bagb \fknhjfbjh\ZgghklvgZ\udh\ijh_dlghc^_yl_evghklbmf_gb_jZajZ[Zlu\Zlv bj_Zebah\u\Zlvijh_dluwdhghfbq_kdhcbf_`^bkpbiebgZjghcgZijZ\e_gghklbgZ hkgh\_[Zah\uowdhghfbq_kdboagZgbcbp_gghklguohjb_glbjh\ \fmf_gb_ijbf_gylvihemq_ggu_agZgbybknhjfbjh\Zggu_gZ\udb^ey wnn_dlb\gh]hbkiheg_gbyhkgh\guokhpbZevghwdhghfbq_kdbojhe_c ihlj_[bl_ey ijhba\h^bl_eyihdmiZl_eyijh^Z\pZaZzfsbdZZdpbhg_jZgZzfgh]hjZ[hlgbdZ jZ[hlh^Zl_eygZeh]hieZl_evsbdZ\f \fkihkh[ghklvdebqghklghfmkZfhhij_^_e_gbxbkZfhj_ZebaZpbb\ wdhghfbq_kdhc^_yl_evghklb\lhfqbke_\h[eZklbij_^ijbgbfZl_evkl\ZagZgb_ hkh[_gghkl_ckh\j_f_ggh]hjugdZljm^Z\eZ^_gb_wlbdhcljm^h\uohlghr_gbc \fihgbfZgb_f_klZbjhebJhkkbb\kh\j_f_gghcfbjh\hcwdhghfbd_mf_gb_ hjb_glbjh\Zlvky\l_dmsbowdhghfbq_kdbokh[ulbyo\Jhkkbbb\fbj_ WdhghfbdZ m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZwdhghfbdb^he`gu\dexqZlvlj_[h\Zgbyd j_amevlZlZfhk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbch[wdhghfbq_kdhcgZmd_dZdkbkl_f_ l_hj_lbq_kdbobijbdeZ^guogZmdhkh[_gghklyo_zf_lh^heh]bbbijbf_gbfhklb wdhghfbq_kdh]hZgZebaZ\^jm]bokhpbZevguogZmdZoihgbfZgb_w\hexpbbb kmsghklbhkgh\guogZijZ\e_gbckh\j_f_gghcwdhghfbq_kdhcgZmdb \f\eZ^_gb_kbkl_fgufbwdhghfbq_kdbfbagZgbyfb\dexqZykh\j_f_ggu_ gZmqgu_f_lh^uihagZgbybhiulkZfhklhyl_evghcbkke_^h\Zl_evkdhc^_yl_evghklb \h[eZklbwdhghfbdb \f\eZ^_gb_ijbzfZfbjZ[hlukhklZlbklbq_kdhcnZdlbq_kdhcb ZgZeblbq_kdhcwdhghfbq_kdhcbgnhjfZpb_cmf_gb_kZfhklhyl_evghZgZebabjh\Zlv bbgl_jij_lbjh\Zlv^Zggu_^eyj_r_gbyl_hj_lbq_kdbobijbdeZ^guoaZ^Zq \fmf_gb_hp_gb\ZlvbZj]mf_glbjh\Zlvkh[kl\_ggmxlhqdmaj_gbyih wdhghfbq_kdbfijh[e_fZfjZaebqgufZki_dlZfkhpbZevghwdhghfbq_kdhc iheblbdb]hkm^Zjkl\Z \fknhjfbjh\Zgghklvkbkl_fuagZgbch[bgklblmpbhgZevguoij_h[jZah\Zgbyo jhkkbckdhcwdhghfbdbijbi_j_oh^_djughqghckbkl_f_^bgZfbd_hkgh\guo fZdjhwdhghfbq_kdboihdZaZl_e_cbkh\j_f_gghckblmZpbb\wdhghfbd_Jhkkbb N=HK   IjZ\h [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby [Zah\h]hdmjkZijZ\Z^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchihgylbb]hkm^Zjkl\Z_]hnmgdpbyo f_oZgbaf_bnhjfZo \f\eZ^_gb_agZgbyfbhihgylbbijZ\ZbklhqgbdZobghjfZoijZ\Z aZdhgghklbijZ\hhlghr_gbyo \f\eZ^_gb_agZgbyfbhijZ\hgZjmr_gbyobxjb^bq_kdhchl\_lkl\_gghklb \fknhjfbjh\Zgghklvij_^klZ\e_gbchDhgklblmpbbJhkkbckdhcN_^_jZpbb dZdhkgh\ghfaZdhg_]hkm^Zjkl\Z\eZ^_gb_agZgbyfbh[hkgh\ZoijZ\h\h]hklZlmkZ ebqghklb\JhkkbckdhcN_^_jZpbb \fknhjfbjh\Zgghklvh[sboij_^klZ\e_gbchjZaguo\b^Zokm^hijhba\h^kl\Z ijZ\beZoijbf_g_gbyijZ\ZjZaj_r_gbydhgnebdlh\ijZ\h\ufbkihkh[Zfb \fknhjfbjh\Zgghklvhkgh\ijZ\h\h]hfure_gby \fknhjfbjh\ZgghklvagZgbch[hkgh\ZoZ^fbgbkljZlb\gh]h]jZ`^Zgkdh]h ljm^h\h]hm]heh\gh]hijZ\Z \fihgbfZgb_xjb^bq_kdhc^_yl_evghklbhagZdhfe_gb_khki_pbnbdhc hkgh\guoxjb^bq_kdboijhn_kkbc \fknhjfbjh\Zgghklvmf_gbcijbf_gylvijZ\h\u_agZgby^eyhp_gb\Zgby dhgdj_lguoijZ\h\uoghjfklhqdbaj_gbybokhhl\_lkl\byaZdhgh^Zl_evkl\m JhkkbckdhcN_^_jZpbb \fknhjfbjh\ZgghklvgZ\udh\kZfhklhyl_evgh]hihbkdZijZ\h\hc bgnhjfZpbbmf_gbcbkihevah\Zlvj_amevlZlu\dhgdj_lguo`bag_gguokblmZpbyo IjZ\h m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZijZ\Z^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZf hk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchjhebbagZq_gbbijZ\ZdZd\Z`g_cr_]h khpbZevgh]hj_]meylhjZbwe_f_glZdmevlmjuh[s_kl\Z \f\eZ^_gb_agZgbyfbh[hkgh\guoijZ\h\uoijbgpbiZo^_ckl\mxsbo \^_fhdjZlbq_kdhfh[s_kl\_ \fknhjfbjh\Zgghklvij_^klZ\e_gbchkbkl_f_bkljmdlmj_ijZ\Z ijZ\hhlghr_gbyoijZ\hgZjmr_gbyobxjb^bq_kdhchl\_lkl\_gghklb \f\eZ^_gb_agZgbyfbhjhkkbckdhcijZ\h\hckbkl_f_hkh[_gghklyo_z jZa\blby \fknhjfbjh\Zgghklvij_^klZ\e_gbchdhgklblmpbhgghf]jZ`^Zgkdhf Zj[bljZ`ghfm]heh\ghf\b^Zokm^hijhba\h^kl\ZijZ\beZoijbf_g_gbyijZ\Z jZaj_r_gbydhgnebdlh\ijZ\h\ufbkihkh[Zfb \fknhjfbjh\ZgghklvijZ\h\h]hfure_gbybkihkh[ghklbjZaebqZlv khhl\_lkl\mxsb_\b^uijZ\hhlghr_gbcijZ\hgZjmr_gbcxjb^bq_kdhc hl\_lkl\_gghklbijbf_gy_fuokZgdpbckihkh[h\\hkklZgh\e_gbygZjmr_gguo ijZ\ \fknhjfbjh\ZgghklvagZgbch[h[sboijbgpbiZobghjfZoj_]mebjmxsbo ]hkm^Zjkl\_ggh_mkljhckl\hJhkkbckdhcN_^_jZpbbdhgklblmpbhggucklZlmk ]hkm^Zjkl\_gghc\eZklbbkbkl_fmdhgklblmpbhgguoijZ\bk\h[h^\Jhkkbckdhc N_^_jZpbbf_oZgbafuj_ZebaZpbbbaZsbluijZ\]jZ`^Zgbxjb^bq_kdboebp N=HK   \fihgbfZgb_xjb^bq_kdhc^_yl_evghklbdZdnhjfuj_ZebaZpbbijZ\Z hagZdhfe_gb_khki_pbnbdhchkgh\guoxjb^bq_kdboijhn_kkbc \fknhjfbjh\Zgghklvmf_gbcijbf_gylvijZ\h\u_agZgby^eyhp_gb\Zgby dhgdj_lguoijZ\h\uoghjfklhqdbaj_gbybokhhl\_lkl\byaZdhgh^Zl_evkl\m JhkkbckdhcN_^_jZpbb\ujZ[hldbb^hdZaZl_evghcZj]mf_glZpbbkh[kl\_gghc ihabpbb\dhgdj_lguoijZ\h\uokblmZpbyokbkihevah\Zgb_fghjfZlb\guoZdlh\ Jhkkby\fbj_ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbybgl_]jbjh\Zggh]hmq_[gh]hij_^f_lZJhkkby\fbj_^he`gu hljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchJhkkbb\jZagu_bklhjbq_kdb_  i_jbh^ugZhkgh\_agZgbc\h[eZklbh[s_kl\hagZgbybklhjbb]_h]jZnbb dmevlmjheh]bbbij \fknhjfbjh\ZgghklvagZgbchf_kl_bjhebJhkkbbdZdg_hlt_fe_fhc qZklbfbjZ\dhgl_dkl_fbjh\h]hjZa\blbydZdhij_^_eyxs_]hdhfihg_glZ nhjfbjh\Zgbyjhkkbckdhcb^_glbqghklb \fknhjfbjh\Zgghklv\a]ey^ZgZkh\j_f_ggucfbjklhqdbaj_gbybgl_j_kh\ JhkkbbihgbfZgby_zijhreh]hbgZklhys_]h \fknhjfbjh\Zgghklvij_^klZ\e_gbch_^bgkl\_bfgh]hh[jZabb fgh]hgZpbhgZevgh]hjhkkbckdh]hgZjh^ZihgbfZgb_lhe_jZglghklbb fmevlbdmevlmjZebafZ\fbj_ \fknhjfbjh\Zgghklvmf_gbcbkihevah\Zgbyrbjhdh]hki_dljZkhpbZevgh wdhghfbq_kdhcbgnhjfZpbb^eyZgZebaZbhp_gdbdhgdj_lguokblmZpbc ijhreh]hbgZklhys_]h \fknhjfbjh\Zgghklvmf_gbckjZ\gbl_evgh]hZgZebaZbklhjbq_kdbokh[ulbc ijhbkoh^b\rbo\h^bgbklhjbq_kdbci_jbh^\jZaguokhpbhdmevlmjguo h[sghklyobZgZeh]bqguobklhjbq_kdboijhp_kkh\ijhl_dZ\rbo\jZaebqgu_ ojhgheh]bq_kdb_i_jbh^u \fknhjfbjh\Zgghklvkihkh[ghklbhlebqZlvbgl_jij_lZpbbijhreh]h hkgh\Zggu_gZnZdlbq_kdhffZl_jbZe_hlaZ\_^hfuobkdZ`_gbcg_bf_xsbo ^hdmf_glZevgh]hih^l\_j`^_gby \fknhjfbjh\Zgghklvij_^klZ\e_gbch[hkh[_gghklyokh\j_f_ggh]h ]eh[Zevgh]hh[s_kl\ZbgnhjfZpbhgghciheblbd_bf_oZgbafZokha^Zgby h[jZaZbklhjbq_kdhcbkh\j_f_gghcJhkkbb\fbj_ \fknhjfbjh\Zgghklvmf_gbcj_dhgkljmdpbbbbgl_jij_lZpbbijhreh]h JhkkbbgZhkgh\_bklhqgbdh\\eZ^_gb_mf_gbyfbkbgl_aZjZaghh[jZaghc bklhjbq_kdhcbgnhjfZpbb^eydhfie_dkgh]hZgZebaZbfh^_ebjh\ZgbygZ_z hkgh\_\ZjbZglh\^Zevg_cr_]hjZa\blbyJhkkbb FZl_fZlbdZbbgnhjfZlbdZ Bamq_gb_ij_^f_lghch[eZklbFZl_fZlbdZbbgnhjfZlbdZ^he`gh h[_ki_qblv knhjfbjh\Zgghklvij_^klZ\e_gbchkhpbZevguodmevlmjguobbklhjbq_kdbo nZdlhjZoklZgh\e_gbyfZl_fZlbdbbbgnhjfZlbdb knhjfbjh\Zgghklvhkgh\eh]bq_kdh]hZe]hjblfbq_kdh]hbfZl_fZlbq_kdh]h fure_gby N=HK   knhjfbjh\Zgghklvmf_gbcijbf_gylvihemq_ggu_agZgbyijbj_r_gbb jZaebqguoaZ^Zq knhjfbjh\Zgghklvij_^klZ\e_gbchfZl_fZlbd_dZdqZklbh[s_q_eh\_q_kdhc dmevlmjumgb\_jkZevghfyaud_gZmdbiha\heyxs_fhibku\ZlvbbamqZlvj_Zevgu_ ijhp_kkuby\e_gby knhjfbjh\Zgghklvij_^klZ\e_gbchjhebbgnhjfZlbdbbBDL\kh\j_f_gghf h[s_kl\_ihgbfZgb_hkgh\ijZ\h\uoZki_dlh\bkihevah\Zgbydhfivxl_jguo ijh]jZffbjZ[hlu\Bgl_jg_l_ knhjfbjh\Zgghklvij_^klZ\e_gbch\ebygbbbgnhjfZpbhgguol_ogheh]bc gZ`bagvq_eh\_dZ\h[s_kl\_ihgbfZgb_khpbZevgh]hwdhghfbq_kdh]h iheblbq_kdh]hdmevlmjgh]hxjb^bq_kdh]hijbjh^gh]hwj]hghfbq_kdh]h f_^bpbgkdh]hbnbabheh]bq_kdh]hdhgl_dklh\bgnhjfZpbhgguol_ogheh]bc ijbgylb_wlbq_kdboZki_dlh\bgnhjfZpbhgguol_ogheh]bchkhagZgb_ hl\_lkl\_gghklbex^_c\h\e_qzgguo\kha^Zgb_bbkihevah\Zgb_bgnhjfZpbhgguo kbkl_fjZkijhkljZg_gb_bgnhjfZpbb Ij_^f_lgu_j_amevlZlubamq_gbyij_^f_lghch[eZklbFZl_fZlbdZb bgnhjfZlbdZ\dexqZxlij_^f_lgu_j_amevlZlubamq_gbymq_[guoij_^f_lh\  FZl_fZlbdZZe]_[jZbgZqZeZfZl_fZlbq_kdh]hZgZebaZ]_hf_ljby [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby[Zah\h]hdmjkZ fZl_fZlbdb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchfZl_fZlbd_dZdqZklbfbjh\hc dmevlmjubhf_kl_fZl_fZlbdb\kh\j_f_gghcpb\bebaZpbbhkihkh[ZohibkZgbygZ fZl_fZlbq_kdhfyaud_y\e_gbcj_Zevgh]hfbjZ \fknhjfbjh\Zgghklvij_^klZ\e_gbchfZl_fZlbq_kdboihgylbyodZdh \Z`g_crbofZl_fZlbq_kdbofh^_eyoiha\heyxsbohibku\ZlvbbamqZlvjZagu_ ijhp_kkuby\e_gbyihgbfZgb_\hafh`ghklbZdkbhfZlbq_kdh]hihkljh_gby fZl_fZlbq_kdbol_hjbc \f\eZ^_gb_f_lh^Zfb^hdZaZl_evkl\bZe]hjblfh\j_r_gbymf_gb_bo ijbf_gylvijh\h^blv^hdZaZl_evgu_jZkkm`^_gby\oh^_j_r_gbyaZ^Zq \f\eZ^_gb_klZg^ZjlgufbijbzfZfbj_r_gbyjZpbhgZevguob bjjZpbhgZevguoihdZaZl_evguokl_i_gguoljb]hghf_ljbq_kdbomjZ\g_gbcb g_jZ\_gkl\bokbkl_fbkihevah\Zgb_]hlh\uodhfivxl_jguoijh]jZff\lhf qbke_^eyihbkdZimlbj_r_gbybbeexkljZpbbj_r_gbymjZ\g_gbcbg_jZ\_gkl\ \fknhjfbjh\Zgghklvij_^klZ\e_gbch[hkgh\guoihgylbyob^_yobf_lh^Zo fZl_fZlbq_kdh]hZgZebaZ \f\eZ^_gb_hkgh\gufbihgylbyfbhiehkdbobijhkljZgkl\_gguo ]_hf_ljbq_kdbonb]mjZobohkgh\guok\hckl\Zoknhjfbjh\Zgghklvmf_gby jZkihagZ\ZlvgZq_jl_`Zofh^_eyob\j_Zevghffbj_]_hf_ljbq_kdb_nb]mju ijbf_g_gb_bamq_gguok\hckl\]_hf_ljbq_kdbonb]mjbnhjfme^eyj_r_gby ]_hf_ljbq_kdboaZ^ZqbaZ^ZqkijZdlbq_kdbfkh^_j`Zgb_f \fknhjfbjh\Zgghklvij_^klZ\e_gbchijhp_kkZoby\e_gbyobf_xsbo \_jhylghklgucoZjZdl_jhklZlbklbq_kdboaZdhghf_jghklyo\j_Zevghffbj_ h[hkgh\guoihgylbyowe_f_glZjghcl_hjbb\_jhylghkl_cmf_gbcgZoh^blvb hp_gb\Zlv\_jhylghklbgZklmie_gbykh[ulbc\ijhkl_crboijZdlbq_kdbokblmZpbyo bhkgh\gu_oZjZdl_jbklbdbkemqZcguo\_ebqbg N=HK   \f\eZ^_gb_gZ\udZfbbkihevah\Zgby]hlh\uodhfivxl_jguoijh]jZffijb j_r_gbbaZ^Zq FZl_fZlbdZZe]_[jZbgZqZeZfZl_fZlbq_kdh]hZgZebaZ]_hf_ljby m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby m]em[e_ggh]hdmjkZfZl_fZlbdb^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZf hk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchg_h[oh^bfhklb^hdZaZl_evkl\ijb h[hkgh\ZgbbfZl_fZlbq_kdboml\_j`^_gbcbjhebZdkbhfZlbdb\ijh\_^_gbb ^_^mdlb\guojZkkm`^_gbc \fknhjfbjh\Zgghklvihgylbcgh]hZiiZjZlZihhkgh\gufjZa^_eZfdmjkZ fZl_fZlbdbagZgbchkgh\guol_hj_fnhjfmebmf_gbyboijbf_gylvmf_gby ^hdZau\Zlvl_hj_fubgZoh^blvg_klZg^Zjlgu_kihkh[uj_r_gbyaZ^Zq \fknhjfbjh\Zgghklvmf_gbcfh^_ebjh\Zlvj_Zevgu_kblmZpbbbkke_^h\Zlv ihkljh_ggu_fh^_ebbgl_jij_lbjh\Zlvihemq_ggucj_amevlZl \fknhjfbjh\Zgghklvij_^klZ\e_gbch[hkgh\guoihgylbyofZl_fZlbq_kdh]h ZgZebaZbbok\hckl\Zo\eZ^_gb_mf_gb_foZjZdl_jbah\Zlvih\_^_gb_nmgdpbc bkihevah\Zgb_ihemq_gguoagZgbc^eyhibkZgbybZgZebaZj_ZevguoaZ\bkbfhkl_c \f\eZ^_gb_mf_gbyfbkhklZ\e_gby\_jhylghklguofh^_e_cihmkeh\bx aZ^Zqbb\uqbke_gby\_jhylghklbgZklmie_gbykh[ulbc\lhfqbke_kijbf_g_gb_f nhjfmedhf[bgZlhjbdbbhkgh\guol_hj_fl_hjbb\_jhylghkl_cbkke_^h\Zgby kemqZcguo\_ebqbgihbojZkij_^_e_gbx BgnhjfZlbdZ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gby[Zah\h]hdmjkZbgnhjfZlbdb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchjhebbgnhjfZpbbbk\yaZgguokg_c ijhp_kkh\\hdjm`Zxs_ffbj_ \f\eZ^_gb_gZ\udZfbZe]hjblfbq_kdh]hfure_gbybihgbfZgb_ g_h[oh^bfhklbnhjfZevgh]hhibkZgbyZe]hjblfh\ \f\eZ^_gb_mf_gb_fihgbfZlvijh]jZffugZibkZggu_gZ\u[jZgghf ^eybamq_gbymgb\_jkZevghfZe]hjblfbq_kdhfyaud_\ukhdh]hmjh\gyagZgb_f hkgh\guodhgkljmdpbcijh]jZffbjh\Zgbymf_gb_fZgZebabjh\ZlvZe]hjblfuk bkihevah\Zgb_flZ[ebp \f\eZ^_gb_klZg^ZjlgufbijbzfZfbgZibkZgbygZZe]hjblfbq_kdhf yaud_ijh]jZffu^eyj_r_gbyklZg^ZjlghcaZ^Zqbkbkihevah\Zgb_fhkgh\guo dhgkljmdpbcijh]jZffbjh\ZgbybhleZ^dblZdboijh]jZffbkihevah\Zgb_]hlh\uo ijbdeZ^guodhfivxl_jguoijh]jZffih\u[jZgghcki_pbZebaZpbb \fknhjfbjh\Zgghklvij_^klZ\e_gbchdhfivxl_jghfZl_fZlbq_kdbofh^_eyo bg_h[oh^bfhklbZgZebaZkhhl\_lkl\byfh^_ebbfh^_ebjm_fh]hh[t_dlZ ijhp_kkZ\f hkihkh[ZoojZg_gbybijhkl_cr_ch[jZ[hld_^Zgguoihgylbyh[ZaZo^Zgguob kj_^kl\Zo^hklmiZdgbfmf_gbcjZ[hlZlvkgbfb \f\eZ^_gb_dhfivxl_jgufbkj_^kl\Zfbij_^klZ\e_gbybZgZebaZ^Zgguo \fknhjfbjh\Zgghklv[Zah\uogZ\udh\bmf_gbcihkh[ex^_gbx lj_[h\Zgbcl_ogbdb[_ahiZkghklb]b]b_gubj_kmjkhk[_j_`_gbyijbjZ[hl_kh kj_^kl\ZfbbgnhjfZlbaZpbbihgbfZgbyhkgh\ijZ\h\uoZki_dlh\bkihevah\Zgby dhfivxl_jguoijh]jZffbjZ[hlu\Bgl_jg_l_ N=HK   BgnhjfZlbdZ m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lguf j_amevlZlZfhk\h_gbym]em[e_ggh]hdmjkZbgnhjfZlbdb^he`gu\dexqZlv lj_[h\Zgbydj_amevlZlZfhk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \f\eZ^_gb_kbkl_fhc[Zah\uoagZgbchljZ`Zxsbo\deZ^bgnhjfZlbdb\ nhjfbjh\Zgb_kh\j_f_gghcgZmqghcdZjlbgufbjZ \fh\eZ^_gb_ihgylb_fkeh`ghklbZe]hjblfZagZgb_hkgh\guoZe]hjblfh\ h[jZ[hldbqbkeh\hcbl_dklh\hcbgnhjfZpbbZe]hjblfh\ihbkdZbkhjlbjh\db \f\eZ^_gb_mgb\_jkZevgufyaudhfijh]jZffbjh\Zgby\ukhdh]hmjh\gy ih \u[hjm\fij_^klZ\e_gbyfbh[Zah\uolbiZo^ZgguobkljmdlmjZo^Zgguomf_gb_f bkihevah\Zlvhkgh\gu_mijZ\eyxsb_dhgkljmdpbb \f\eZ^_gb_gZ\udZfbbhiulhfjZajZ[hldbijh]jZff\\u[jZgghckj_^_ ijh]jZffbjh\Zgby\dexqZyl_klbjh\Zgb_bhleZ^dmijh]jZff\eZ^_gb_ we_f_glZjgufbgZ\udZfbnhjfZebaZpbbijbdeZ^ghcaZ^Zqbb^hdmf_glbjh\Zgby ijh]jZff \fknhjfbjh\Zgghklvij_^klZ\e_gbch\Z`g_crbo\b^Zo^bkdj_lguoh[t_dlh\ bh[boijhkl_crbok\hckl\ZoZe]hjblfZoZgZebaZwlboh[t_dlh\hdh^bjh\Zgbb b^_dh^bjh\Zgbb^ZgguobijbqbgZobkdZ`_gby^Zgguoijbi_j_^Zq_ kbkl_fZlbaZpbxagZgbchlghkysbokydfZl_fZlbq_kdbfh[t_dlZfbgnhjfZlbdb mf_gb_kljhblvfZl_fZlbq_kdb_h[t_dlubgnhjfZlbdb\lhfqbke_eh]bq_kdb_ nhjfmeu \fknhjfbjh\Zgghklvij_^klZ\e_gbch[mkljhckl\_kh\j_f_gguo dhfivxl_jh\hl_g^_gpbyojZa\blbydhfivxl_jguol_ogheh]bch ihgylbbhi_jZpbhggZykbkl_fZbhkgh\guonmgdpbyohi_jZpbhgguokbkl_fh[ h[sboijbgpbiZojZajZ[hldbbnmgdpbhgbjh\Zgbybgl_jg_lijbeh`_gbc \fknhjfbjh\Zgghklvij_^klZ\e_gbchdhfivxl_jguok_lyobbojheb \kh\j_f_gghffbj_agZgbc[Zah\uoijbgpbih\hj]ZgbaZpbbbnmgdpbhgbjh\Zgby dhfivxl_jguok_l_cghjfbgnhjfZpbhgghcwlbdbbijZ\Zijbgpbih\h[_ki_q_gby bgnhjfZpbhgghc[_ahiZkghklbkihkh[h\bkj_^kl\h[_ki_q_gbygZ^z`gh]h nmgdpbhgbjh\Zgbykj_^kl\BDL \f\eZ^_gb_hkgh\gufbk\_^_gbyfbh[ZaZo^Zgguobokljmdlmj_kj_^kl\Zo kha^ZgbybjZ[hlukgbfb \f\eZ^_gb_hiulhfihkljh_gbybbkihevah\Zgbydhfivxl_jgh fZl_fZlbq_kdbofh^_e_cijh\_^_gbywdki_jbf_glh\bklZlbklbq_kdhch[jZ[hldb ^Zgguokihfhsvxdhfivxl_jZbgl_jij_lZpbbj_amevlZlh\ihemqZ_fuo\oh^_ fh^_ebjh\Zgbyj_Zevguoijhp_kkh\mf_gb_hp_gb\Zlvqbkeh\u_iZjZf_lju fh^_ebjm_fuoh[t_dlh\bijhp_kkh\ihevah\Zlvky[ZaZfb^ZgguobkijZ\hqgufb kbkl_fZfb \fknhjfbjh\Zgghklvmf_gbyjZ[hlZlvk[b[ebhl_dZfbijh]jZffgZebqb_ hiulZbkihevah\Zgbydhfivxl_jguokj_^kl\ij_^klZ\e_gbybZgZebaZ^Zgguo ?kl_kl\_ggu_gZmdb Bamq_gb_ij_^f_lghch[eZklb?kl_kl\_ggu_gZmdb^he`ghh[_ki_qblv knhjfbjh\Zgghklvhkgh\p_ehklghcgZmqghcdZjlbgufbjZ nhjfbjh\Zgb_ihgbfZgby\aZbfhk\yabb\aZbfhaZ\bkbfhklb_kl_kl\_gguo gZmdknhjfbjh\ZgghklvihgbfZgby\ebygby_kl_kl\_gguogZmdgZhdjm`Zxsmx N=HK   kj_^mwdhghfbq_kdmxl_ogheh]bq_kdmxkhpbZevgmxbwlbq_kdmxkn_ju ^_yl_evghklbq_eh\_dZ kha^Zgb_mkeh\bc^eyjZa\blbygZ\udh\mq_[ghcijh_dlgh bkke_^h\Zl_evkdhcl\hjq_kdhc^_yl_evghklbfhlb\Zpbbh[mqZxsboky dkZfhjZa\blbx knhjfbjh\Zgghklvmf_gbcZgZebabjh\Zlvhp_gb\Zlvijh\_jylvgZ ^hklh\_jghklvbh[h[sZlvgZmqgmxbgnhjfZpbx knhjfbjh\ZgghklvgZ\udh\[_ahiZkghcjZ[hlu\h\j_fyijh_dlgh bkke_^h\Zl_evkdhcbwdki_jbf_glZevghc^_yl_evghklbijbbkihevah\Zgbb eZ[hjZlhjgh]hh[hjm^h\Zgby Ij_^f_lgu_j_amevlZlubamq_gbyij_^f_lghch[eZklb?kl_kl\_ggu_gZmdb \dexqZxlij_^f_lgu_j_amevlZlubamq_gbymq_[guoij_^f_lh\  NbabdZ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gby[Zah\h]hdmjkZnbabdb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchjhebbf_kl_nbabdb\kh\j_f_gghc gZmqghcdZjlbg_fbjZihgbfZgb_nbabq_kdhckmsghklbgZ[ex^Z_fuo\h k_e_gghcy\e_gbcihgbfZgb_jhebnbabdb\nhjfbjh\Zgbbdjm]hahjZb nmgdpbhgZevghc]jZfhlghklbq_eh\_dZ^eyj_r_gbyijZdlbq_kdboaZ^Zq \f\eZ^_gb_hkgh\hiheZ]Zxsbfbnbabq_kdbfbihgylbyfbaZdhghf_jghklyfb aZdhgZfbbl_hjbyfbm\_j_ggh_ihevah\Zgb_nbabq_kdhcl_jfbgheh]b_cb kbf\hebdhc \f\eZ^_gb_hkgh\gufbf_lh^ZfbgZmqgh]hihagZgbybkihevam_fufb\ nbabd_gZ[ex^_gb_hibkZgb_baf_j_gb_wdki_jbf_glmf_gbyh[jZ[Zlu\Zlv j_amevlZlubaf_j_gbch[gZjm`b\ZlvaZ\bkbfhklvf_`^mnbabq_kdbfb\_ebqbgZfb h[tykgylvihemq_ggu_j_amevlZlub^_eZlv\u\h^u \fknhjfbjh\Zgghklvmf_gbyj_rZlvnbabq_kdb_aZ^Zqb \fknhjfbjh\Zgghklvmf_gbyijbf_gylvihemq_ggu_agZgby^eyh[tykg_gby mkeh\bcijhl_dZgbynbabq_kdboy\e_gbc\ijbjh^_b^eyijbgylbyijZdlbq_kdbo j_r_gbc\ih\k_^g_\ghc`bagb \fknhjfbjh\Zgghklvkh[kl\_gghcihabpbbihhlghr_gbxdnbabq_kdhc bgnhjfZpbbihemqZ_fhcbajZaguobklhqgbdh\ NbabdZ m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZnbabdb^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZf hk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\Zgghklvkbkl_fuagZgbch[h[sbonbabq_kdboaZdhghf_jghklyo aZdhgZol_hjbyoij_^klZ\e_gbch^_ckl\bb\hk_e_gghcnbabq_kdboaZdhgh\ hldjuluo\a_fguomkeh\byo \fknhjfbjh\Zgghklvmf_gbybkke_^h\ZlvbZgZebabjh\ZlvjZaghh[jZagu_ nbabq_kdb_y\e_gbybk\hckl\Zh[t_dlh\h[tykgylvijbgpbiujZ[hlub oZjZdl_jbklbdbijb[hjh\bmkljhckl\h[tykgylvk\yavhkgh\guodhkfbq_kdbo h[t_dlh\k]_hnbabq_kdbfby\e_gbyfb \f\eZ^_gb_mf_gbyfb\u^\b]Zlv]bihl_augZhkgh\_agZgby hkgh\hiheZ]Zxsbonbabq_kdboaZdhghf_jghkl_cbaZdhgh\ijh\_jylvbo wdki_jbf_glZevgufbkj_^kl\Zfbnhjfmebjmyp_evbkke_^h\Zgby N=HK   \f\eZ^_gb_f_lh^ZfbkZfhklhyl_evgh]hieZgbjh\Zgbybijh\_^_gby nbabq_kdbowdki_jbf_glh\hibkZgbybZgZebaZihemq_gghcbaf_jbl_evghc bgnhjfZpbbhij_^_e_gby^hklh\_jghklbihemq_ggh]hj_amevlZlZ \fknhjfbjh\Zgghklvmf_gbcijh]ghabjh\ZlvZgZebabjh\Zlvbhp_gb\Zlv ihke_^kl\by[ulh\hcbijhba\h^kl\_gghc^_yl_evghklbq_eh\_dZk\yaZgghck nbabq_kdbfbijhp_kkZfbkihabpbcwdheh]bq_kdhc[_ahiZkghklb Obfby [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZfhk\h_gby [Zah\h]hdmjkZobfbb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchf_kl_obfbb\kh\j_f_gghcgZmqghc dZjlbg_fbjZihgbfZgb_jhebobfbb\nhjfbjh\Zgbbdjm]hahjZbnmgdpbhgZevghc ]jZfhlghklbq_eh\_dZ^eyj_r_gbyijZdlbq_kdboaZ^Zq \f\eZ^_gb_hkgh\hiheZ]Zxsbfbobfbq_kdbfbihgylbyfbl_hjbyfb aZdhgZfbbaZdhghf_jghklyfbm\_j_ggh_ihevah\Zgb_obfbq_kdhcl_jfbgheh]b_cb kbf\hebdhc \f\eZ^_gb_hkgh\gufbf_lh^ZfbgZmqgh]hihagZgbybkihevam_fufb\ obfbbgZ[ex^_gb_hibkZgb_baf_j_gb_wdki_jbf_glmf_gb_h[jZ[Zlu\Zlv h[tykgylvj_amevlZluijh\_^zgguohiulh\b^_eZlv\u\h^u]hlh\ghklvb kihkh[ghklvijbf_gylvf_lh^uihagZgbyijbj_r_gbbijZdlbq_kdboaZ^Zq \fknhjfbjh\Zgghklvmf_gby^Z\Zlvdhebq_kl\_ggu_hp_gdbbijh\h^blv jZkqzluihobfbq_kdbfnhjfmeZfbmjZ\g_gbyf \f\eZ^_gb_ijZ\beZfbl_ogbdb[_ahiZkghklbijbbkihevah\Zgbbobfbq_kdbo \_s_kl\ \fknhjfbjh\Zgghklvkh[kl\_gghcihabpbbihhlghr_gbxdobfbq_kdhc bgnhjfZpbbihemqZ_fhcbajZaguobklhqgbdh\ Obfby m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZobfbb^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZf hk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\Zgghklvkbkl_fuagZgbch[h[sboobfbq_kdboaZdhghf_jghklyo aZdhgZol_hjbyo \fknhjfbjh\Zgghklvmf_gbcbkke_^h\Zlvk\hckl\Zg_hj]Zgbq_kdbob hj]Zgbq_kdbo\_s_kl\h[tykgylvaZdhghf_jghklbijhl_dZgbyobfbq_kdboj_Zdpbc ijh]ghabjh\Zlv\hafh`ghklvbohkms_kl\e_gby \f\eZ^_gb_mf_gbyfb\u^\b]Zlv]bihl_augZhkgh\_agZgbch khklZ\_kljh_gbb\_s_kl\Zbhkgh\guoobfbq_kdboaZdhgZoijh\_jylvbo wdki_jbf_glZevghnhjfmebjmyp_evbkke_^h\Zgby \f\eZ^_gb_f_lh^ZfbkZfhklhyl_evgh]hieZgbjh\Zgbybijh\_^_gby obfbq_kdbowdki_jbf_glh\kkh[ex^_gb_fijZ\be[_ahiZkghcjZ[hluk\_s_kl\Zfb beZ[hjZlhjgufh[hjm^h\Zgb_fknhjfbjh\Zgghklvmf_gbchibkZgbyZgZebaZb hp_gdb^hklh\_jghklbihemq_ggh]hj_amevlZlZ \fknhjfbjh\Zgghklvmf_gbcijh]ghabjh\ZlvZgZebabjh\Zlvbhp_gb\Zlvk ihabpbcwdheh]bq_kdhc[_ahiZkghklbihke_^kl\by[ulh\hcbijhba\h^kl\_gghc ^_yl_evghklbq_eh\_dZk\yaZgghcki_j_jZ[hldhc\_s_kl\ ;bheh]by [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gby[Zah\h]hdmjkZ[bheh]bb^he`guhljZ`Zlv N=HK   \fknhjfbjh\Zgghklvij_^klZ\e_gbchjhebbf_kl_[bheh]bb\kh\j_f_gghc gZmqghcdZjlbg_fbjZihgbfZgb_jheb[bheh]bb\nhjfbjh\Zgbbdjm]hahjZb nmgdpbhgZevghc]jZfhlghklbq_eh\_dZ^eyj_r_gbyijZdlbq_kdboaZ^Zq \f\eZ^_gb_hkgh\hiheZ]Zxsbfbihgylbyfbbij_^klZ\e_gbyfbh`b\hc ijbjh^__zmjh\g_\hchj]ZgbaZpbbbw\hexpbbm\_j_ggh_ihevah\Zgb_ [bheh]bq_kdhcl_jfbgheh]b_cbkbf\hebdhc \f\eZ^_gb_hkgh\gufbf_lh^ZfbgZmqgh]hihagZgbybkihevam_fufbijb [bheh]bq_kdbobkke_^h\Zgbyo`b\uoh[t_dlh\bwdhkbkl_fhibkZgb_baf_j_gb_ ijh\_^_gb_gZ[ex^_gbc\uy\e_gb_bhp_gdZZgljhih]_gguobaf_g_gbc\ijbjh^_ \fknhjfbjh\Zgghklvmf_gbch[tykgylvj_amevlZlu[bheh]bq_kdbo wdki_jbf_glh\j_rZlvwe_f_glZjgu_[bheh]bq_kdb_aZ^Zqb \fknhjfbjh\Zgghklvkh[kl\_gghcihabpbbihhlghr_gbxd[bheh]bq_kdhc bgnhjfZpbbihemqZ_fhcbajZaguobklhqgbdh\d]eh[Zevgufwdheh]bq_kdbf ijh[e_fZfbimlyfboj_r_gby ;bheh]by m]em[e_ggucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbym]em[e_ggh]hdmjkZ[bheh]bb^he`gu\dexqZlvlj_[h\Zgbydj_amevlZlZf hk\h_gby[Zah\h]hdmjkZb^hihegbl_evghhljZ`Zlv \fknhjfbjh\Zgghklvkbkl_fuagZgbch[h[sbo[bheh]bq_kdbo aZdhghf_jghklyoaZdhgZol_hjbyo \fknhjfbjh\Zgghklvmf_gbcbkke_^h\ZlvbZgZebabjh\Zlv[bheh]bq_kdb_ h[t_dlubkbkl_fuh[tykgylvaZdhghf_jghklb[bheh]bq_kdboijhp_kkh\by\e_gbc ijh]ghabjh\Zlvihke_^kl\byagZqbfuo[bheh]bq_kdbobkke_^h\Zgbc \f\eZ^_gb_mf_gbyfb\u^\b]Zlv]bihl_augZhkgh\_agZgbch[ hkgh\hiheZ]Zxsbo[bheh]bq_kdboaZdhghf_jghklyobaZdhgZohijhbkoh`^_gbb bkmsghklb`bagb]eh[Zevguobaf_g_gbyo\[bhkn_j_ijh\_jylv\u^\bgmlu_ ]bihl_auwdki_jbf_glZevgufbkj_^kl\Zfbnhjfmebjmyp_evbkke_^h\Zgby \f\eZ^_gb_f_lh^ZfbkZfhklhyl_evghcihklZgh\db[bheh]bq_kdbo wdki_jbf_glh\hibkZgbyZgZebaZbhp_gdb^hklh\_jghklbihemq_ggh]hj_amevlZlZ \fknhjfbjh\Zgghklvm[_`^zgghklb\g_h[oh^bfhklbkh[ex^_gbywlbq_kdbo ghjfbwdheh]bq_kdbolj_[h\Zgbcijbijh\_^_gbb[bheh]bq_kdbobkke_^h\Zgbc ?kl_kl\hagZgb_ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbybgl_]jbjh\Zggh]hmq_[gh]hij_^f_lZ?kl_kl\hagZgb_^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchp_ehklghckh\j_f_gghc_kl_kl\_ggh gZmqghcdZjlbg_fbjZhijbjh^_dZd_^bghcp_ehklghckbkl_f_h\aZbfhk\yab q_eh\_dZijbjh^ubh[s_kl\ZhijhkljZgkl\_ggh\j_f_gguofZkrlZ[Zo k_e_gghc \f\eZ^_gb_agZgbyfbhgZb[he__\Z`guohldjulbyob^hklb`_gbyo\h[eZklb _kl_kl\hagZgbyih\eby\rbogZw\hexpbxij_^klZ\e_gbchijbjh^_gZjZa\blb_ l_ogbdbbl_ogheh]bc \fknhjfbjh\Zgghklvmf_gbyijbf_gylv_kl_kl\_gghgZmqgu_agZgby ^eyh[tykg_gbyhdjm`Zxsboy\e_gbckhojZg_gbya^hjh\vyh[_ki_q_gby [_ahiZkghklb`bag_^_yl_evghklb[_j_`gh]hhlghr_gbydijbjh^_jZpbhgZevgh]h ijbjh^hihevah\ZgbyZlZd`_\uiheg_gbyjheb]jZfhlgh]hihlj_[bl_ey N=HK   \fknhjfbjh\Zgghklvij_^klZ\e_gbchgZmqghff_lh^_ihagZgbyijbjh^u bkj_^kl\Zobamq_gbyf_]ZfbjZfZdjhfbjZbfbdjhfbjZ\eZ^_gb_ijbzfZfb _kl_kl\_gghgZmqguogZ[ex^_gbchiulh\bkke_^h\Zgbcbhp_gdb^hklh\_jghklb ihemq_gguoj_amevlZlh\ \f\eZ^_gb_ihgylbcgufZiiZjZlhf_kl_kl\_gguogZmdiha\heyxsbf ihagZ\ZlvfbjmqZkl\h\Zlv\^bkdmkkbyoih_kl_kl\_gghgZmqguf\hijhkZf bkihevah\ZlvjZaebqgu_bklhqgbdbbgnhjfZpbb^eyih^]hlh\dbkh[kl\_gguojZ[hl djblbq_kdbhlghkblvkydkhh[s_gbyfKFBkh^_j`ZsbfgZmqgmxbgnhjfZpbx \fknhjfbjh\Zgghklvmf_gbcihgbfZlvagZqbfhklv_kl_kl\_gghgZmqgh]h agZgby^eydZ`^h]hq_eh\_dZg_aZ\bkbfhhl_]hijhn_kkbhgZevghc^_yl_evghklb jZaebqZlvnZdlubhp_gdbkjZ\gb\Zlvhp_ghqgu_\u\h^u\b^_lvbok\yavk djbl_jbyfbhp_ghdbk\yavdjbl_jb_\khij_^_ezgghckbkl_fhcp_gghkl_c Nbabq_kdZydmevlmjZwdheh]bybhkgh\u[_ahiZkghklb`bag_^_yl_evghklb Bamq_gb_mq_[guoij_^f_lh\Nbabq_kdZydmevlmjZWdheh]bybHkgh\u [_ahiZkghklb`bag_^_yl_evghklb^he`ghh[_ki_qblv knhjfbjh\Zgghklvwdheh]bq_kdh]hfure_gbygZ\udh\a^hjh\h]h [_ahiZkgh]hbwdheh]bq_kdbp_e_khh[hjZagh]hh[jZaZ`bagbihgbfZgb_jbkdh\b m]jhakh\j_f_ggh]hfbjZ agZgb_ijZ\beb\eZ^_gb_gZ\udZfbih\_^_gby\hiZkguobqj_a\uqZcguo kblmZpbyoijbjh^gh]hkhpbZevgh]hbl_ogh]_ggh]hoZjZdl_jZ \eZ^_gb_mf_gb_fkhojZgylvwfhpbhgZevgmxmklhcqb\hklv\hiZkguo bqj_a\uqZcguokblmZpbyoZlZd`_gZ\udZfbhdZaZgbyi_j\hcihfhsb ihkljZ^Z\rbf mf_gb_^_ckl\h\Zlvbg^b\b^mZevghb\]jmii_\hiZkguobqj_a\uqZcguo kblmZpbyo Nbabq_kdZydmevlmjZ [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lguf j_amevlZlZfhk\h_gby[Zah\h]hdmjkZnbabq_kdhcdmevlmju^he`guhljZ`Zlv \fmf_gb_bkihevah\ZlvjZaghh[jZagu_nhjfub\b^unbadmevlmjghc ^_yl_evghklb^eyhj]ZgbaZpbba^hjh\h]hh[jZaZ`bagbZdlb\gh]hhl^uoZb^hkm]Z \f\eZ^_gb_kh\j_f_ggufbl_ogheh]byfbmdj_ie_gbybkhojZg_gbya^hjh\vy ih^^_j`ZgbyjZ[hlhkihkh[ghklbijhnbeZdlbdbij_^mij_`^_gbyaZ[he_\Zgbc k\yaZgguokmq_[ghcbijhba\h^kl\_gghc^_yl_evghklvx \f\eZ^_gb_hkgh\gufbkihkh[ZfbkZfhdhgljheybg^b\b^mZevguo ihdZaZl_e_ca^hjh\vymfkl\_gghcbnbabq_kdhcjZ[hlhkihkh[ghklbnbabq_kdh]h jZa\blbybnbabq_kdbodZq_kl\ \f\eZ^_gb_nbabq_kdbfbmijZ`g_gbyfbjZaghcnmgdpbhgZevghc gZijZ\e_gghklbbkihevah\Zgb_bo\j_`bf_mq_[ghcbijhba\h^kl\_gghc ^_yl_evghklbkp_evxijhnbeZdlbdbi_j_mlhfe_gbybkhojZg_gby\ukhdhc jZ[hlhkihkh[ghklb \f\eZ^_gb_l_ogbq_kdbfbijbzfZfbb^\b]Zl_evgufb^_ckl\byfb[Zah\uo \b^h\kihjlZZdlb\gh_ijbf_g_gb_bo\b]jh\hcbkhj_\gh\Zl_evghc^_yl_evghklb Wdheh]by [Zah\ucmjh\_gv\flj_[h\Zgbydij_^f_lgufj_amevlZlZf hk\h_gbybgl_]jbjh\Zggh]hmq_[gh]hij_^f_lZWdheh]by^he`guhljZ`Zlv N=HK   \fknhjfbjh\Zgghklvij_^klZ\e_gbch[wdheh]bq_kdhcdmevlmj_dZdmkeh\bb ^hklb`_gbymklhcqb\h]h k[ZeZgkbjh\Zggh]h\fjZa\blbyh[s_kl\Zbijbjh^uh[ wdheh]bq_kdbok\yayo\kbkl_f_q_eh\_dh[s_kl\hijbjh^Z \fknhjfbjh\Zgghklvwdheh]bq_kdh]hfure_gbybkihkh[ghklbmqblu\Zlvb hp_gb\Zlvwdheh]bq_kdb_ihke_^kl\by\jZaguokn_jZo^_yl_evghklb \f\eZ^_gb_mf_gbyfbijbf_gylvwdheh]bq_kdb_agZgby\`bag_gguo kblmZpbyok\yaZgguok\uiheg_gb_flbibqguokhpbZevguojhe_c \f\eZ^_gb_agZgbyfbwdheh]bq_kdbobfi_jZlb\h\]jZ`^ZgkdboijZ\b h[yaZgghkl_c\h[eZklbwg_j]hbj_kmjkhk[_j_`_gby\bgl_j_kZokhojZg_gby hdjm`Zxs_ckj_^ua^hjh\vyb[_ahiZkghklb`bagb \fknhjfbjh\Zgghklvebqghklgh]hhlghr_gbydwdheh]bq_kdbfp_gghklyf fhjZevghchl\_lkl\_gghklbaZwdheh]bq_kdb_ihke_^kl\byk\hbo^_ckl\bc\ hdjm`Zxs_ckj_^_ \fknhjfbjh\Zgghklvkihkh[ghklbd\uiheg_gbxijh_dlh\ wdheh]bq_kdbhjb_glbjh\ZgghckhpbZevghc^_yl_evghklbk\yaZgguo kwdheh]bq_kdhc[_ahiZkghklvxhdjm`Zxs_ckj_^ua^hjh\v_fex^_cb ih\ur_gb_fbowdheh]bq_kdhcdmevlmju Hkgh\u[_ahiZkghklb`bag_^_yl_evghklb [Zah\ucmjh\_gv\flj_[h\Zgby dij_^f_lgufj_amevlZlZfhk\h_gby[Zah\h]hdmjkZhkgh\[_ahiZkghklb `bag_^_yl_evghklb^he`guhljZ`Zlv \fknhjfbjh\Zgghklvij_^klZ\e_gbchdmevlmj_[_ahiZkghklb `bag_^_yl_evghklb\lhfqbke_hdmevlmj_wdheh]bq_kdhc[_ahiZkghklbdZd h`bag_ggh\Z`ghckhpbZevghgjZ\kl\_gghcihabpbbebqghklbZlZd`_dZdh kj_^kl\_ih\urZxs_faZsbszgghklvebqghklbh[s_kl\Zb]hkm^Zjkl\Zhl \g_rgbob\gmlj_ggbom]jha\dexqZyhljbpZl_evgh_\ebygb_q_eh\_q_kdh]h nZdlhjZ \fagZgb_hkgh\]hkm^Zjkl\_gghckbkl_fujhkkbckdh]haZdhgh^Zl_evkl\Z gZijZ\e_gguogZaZsblmgZk_e_gbyhl\g_rgbob\gmlj_ggbom]jha \fknhjfbjh\Zgghklvij_^klZ\e_gbchg_h[oh^bfhklbhljbpZgby wdklj_fbafZl_jjhjbafZ^jm]bo^_ckl\bcijhlb\hijZ\gh]hoZjZdl_jZZlZd`_ ZkhpbZevgh]hih\_^_gby \fknhjfbjh\Zgghklvij_^klZ\e_gbcha^hjh\hfh[jZa_`bagbdZdhkj_^kl\_ h[_ki_q_gby^moh\gh]hnbabq_kdh]hbkhpbZevgh]h[eZ]hihemqbyebqghklb \fagZgb_jZkijhkljZgzgguohiZkguobqj_a\uqZcguokblmZpbcijbjh^gh]h l_ogh]_ggh]hbkhpbZevgh]hoZjZdl_jZ \fagZgb_nZdlhjh\iZ]m[gh\ebyxsbogZa^hjh\v_q_eh\_dZbkdexq_gb_ba k\h_c`bagb\j_^guoijb\uq_d dmj_gbyivygkl\Zbl^\f \fagZgb_hkgh\guof_jaZsblu \lhfqbke_\h[eZklb]jZ`^Zgkdhch[hjhgu\f bijZ\beih\_^_gby\mkeh\byohiZkguobqj_a\uqZcguokblmZpbc \fmf_gb_ij_^\b^_lv\hagbdgh\_gb_hiZkguobqj_a\uqZcguokblmZpbcih oZjZdl_jguf^eygboijbagZdZfZlZd`_bkihevah\ZlvjZaebqgu_bgnhjfZpbhggu_ bklhqgbdb \fmf_gb_ijbf_gylvihemq_ggu_agZgby\h[eZklb[_ahiZkghklbgZijZdlbd_ ijh_dlbjh\Zlvfh^_ebebqgh]h[_ahiZkgh]hih\_^_gby\ih\k_^g_\ghc`bagbb\ jZaebqguohiZkguobqj_a\uqZcguokblmZpbyo N=HK   \fagZgb_hkgh\h[hjhgu]hkm^Zjkl\Zb\hbgkdhckem`[uaZdhgh^Zl_evkl\h h[h[hjhg_]hkm^Zjkl\Zb\hbgkdhch[yaZgghklb]jZ`^ZgijZ\Zbh[yaZgghklb ]jZ`^ZgbgZ^hijbau\Z\h\j_fyijbau\Zbijhoh`^_gby\h_gghckem`[u mklZ\gu_hlghr_gby[ul\h_gghkem`Zsboihjy^hdg_k_gbykem`[ub\hbgkdb_ jblmZeukljh_\Zyh]g_\ZyblZdlbq_kdZyih^]hlh\dZ \fagZgb_hkgh\guo\b^h\\h_gghijhn_kkbhgZevghc^_yl_evghklb hkh[_gghkl_cijhoh`^_gby\h_gghckem`[uihijbau\mbdhgljZdlmm\hevg_gbyk \h_gghckem`[ubij_[u\Zgby\aZiZk_ \f\eZ^_gb_hkgh\Zfbf_^bpbgkdboagZgbcbhdZaZgbyi_j\hcihfhsb ihkljZ^Z\rbfijbg_hleh`guokhklhygbyo ijbljZ\fZohljZ\e_gbyobjZaebqguo \b^ZoihjZ`_gbc\f\dexqZyagZgbyh[hkgh\guobgn_dpbhgguoaZ[he_\Zgbyobbo ijhnbeZdlbd_ Mq_[gu_ij_^f_lu dmjku ih\u[hjmh[mqZxsbokyij_^eZ]Z_fu_ h[jZah\Zl_evgufmqj_`^_gb_f\lhfqbke_mqblu\Zxsb_ki_pbnbdmb \hafh`ghklbh[jZah\Zl_evgh]hmqj_`^_gby Bamq_gb_^hihegbl_evguomq_[guoij_^f_lh\dmjkh\ih\u[hjmh[mqZxsboky ^he`ghh[_ki_qblv m^h\e_l\hj_gb_bg^b\b^mZevguoaZijhkh\h[mqZxsboky h[s_h[jZah\Zl_evgmxh[s_dmevlmjgmxkhklZ\eyxsmx^Zgghcklmi_gb h[s_]hh[jZah\Zgby jZa\blb_ebqghklbh[mqZxsbokyboihagZ\Zl_evguobgl_j_kh\ bgl_ee_dlmZevghcbp_gghklghkfukeh\hckn_ju jZa\blb_gZ\udh\kZfhh[jZah\ZgbybkZfhijh_dlbjh\Zgby m]em[e_gb_jZkrbj_gb_bkbkl_fZlbaZpbxagZgbc\\u[jZgghch[eZklb gZmqgh]hagZgbybeb\b^Z^_yl_evghklb kh\_jr_gkl\h\Zgb_bf_xs_]hkybijbh[j_l_gb_gh\h]hhiulZ ihagZ\Zl_evghc^_yl_evghklbijhn_kkbhgZevgh]hkZfhhij_^_e_gbyh[mqZxsboky J_amevlZlubamq_gby^hihegbl_evguomq_[guoij_^f_lh\dmjkh\ih\u[hjm h[mqZxsboky^he`guhljZ`Zlv \fjZa\blb_ebqghklbh[mqZxsbokykj_^kl\Zfbij_^eZ]Z_fh]h^ey bamq_gbymq_[gh]hij_^f_lZdmjkZjZa\blb_h[s_cdmevlmjuh[mqZxsboky bofbjh\haaj_gbyp_gghklghkfukeh\uomklZgh\hdjZa\blb_ihagZ\Zl_evguo j_]meylb\guobdhffmgbdZlb\guokihkh[ghkl_c]hlh\ghklbbkihkh[ghklb dkZfhjZa\blbxbijhn_kkbhgZevghfmkZfhhij_^_e_gbx \fh\eZ^_gb_kbkl_fZlbq_kdbfbagZgbyfbbijbh[j_l_gb_hiulZ hkms_kl\e_gbyp_e_khh[jZaghcbj_amevlZlb\ghc^_yl_evghklb \fjZa\blb_kihkh[ghklbdg_ij_ju\ghfmkZfhh[jZah\Zgbxh\eZ^_gbx dexq_\ufbdhfi_l_glghklyfbkhklZ\eyxsbfbhkgh\mmf_gbykZfhklhyl_evghfm ijbh[j_l_gbxbbgl_]jZpbbagZgbcdhffmgbdZpbbbkhljm^gbq_kl\m wnn_dlb\ghfmj_r_gbx jZaj_r_gbx\fijh[e_fhkhagZgghfmbkihevah\Zgbx bgnhjfZpbhgguobdhffmgbdZpbhgguol_ogheh]bckZfhhj]ZgbaZpbbb kZfhj_]meypbb \fh[_ki_q_gb_ZdZ^_fbq_kdhcfh[bevghklbb beb\f\hafh`ghklb ih^^_j`b\Zlvba[jZggh_gZijZ\e_gb_h[jZah\Zgby \fh[_ki_q_gb_ijhn_kkbhgZevghchjb_glZpbbh[mqZxsboky N=HK   Bg^b\b^mZevgucijh_dlij_^klZ\ey_lkh[hchkh[mxnhjfmhj]ZgbaZpbb ^_yl_evghklbh[mqZxsboky mq_[gh_bkke_^h\Zgb_bebmq_[gucijh_dl\f Bg^b\b^mZevgucijh_dl\uihegy_lkyh[mqZxsbfkykZfhklhyl_evgh ih^jmdh\h^kl\hfmqbl_ey lvxlhjZ\fih\u[jZgghcl_f_\jZfdZoh^gh]hbeb g_kdhevdbobamqZ_fuomq_[guoij_^f_lh\dmjkh\\ex[hcba[jZgghch[eZklb ^_yl_evghklb ihagZ\Zl_evghcijZdlbq_kdhcmq_[ghbkke_^h\Zl_evkdhc khpbZevghcom^h`_kl\_gghl\hjq_kdhcbghc\f J_amevlZlu\uiheg_gbybg^b\b^mZevgh]hijh_dlZ^he`guhljZ`Zlv knhjfbjh\ZgghklvgZ\udh\dhffmgbdZlb\ghcmq_[ghbkke_^h\Zl_evkdhc ^_yl_evghklbdjblbq_kdh]hfure_gby kihkh[ghklvdbggh\ZpbhgghcZgZeblbq_kdhcl\hjq_kdhcbgl_ee_dlmZevghc ^_yl_evghklb knhjfbjh\ZgghklvgZ\udh\ijh_dlghc^_yl_evghklbZlZd`_ kZfhklhyl_evgh]hijbf_g_gbyijbh[j_lzgguoagZgbcbkihkh[h\^_ckl\bcijb j_r_gbbjZaebqguoaZ^ZqbkihevamyagZgbyh^gh]hbebg_kdhevdbomq_[guo ij_^f_lh\bebij_^f_lguoh[eZkl_c kihkh[ghklvihklZgh\dbp_ebbnhjfmebjh\Zgby]bihl_aubkke_^h\Zgby ieZgbjh\ZgbyjZ[hluhl[hjZbbgl_jij_lZpbbg_h[oh^bfhcbgnhjfZpbb kljmdlmjbjh\ZgbyZj]mf_glZpbbj_amevlZlh\bkke_^h\ZgbygZhkgh\_kh[jZgguo ^Zgguoij_a_glZpbbj_amevlZlh\ Bg^b\b^mZevgucijh_dl\uihegy_lkyh[mqZxsbfky\l_q_gb_h^gh]hbeb ^\moe_l\jZfdZomq_[gh]h\j_f_gbki_pbZevghhl\_^zggh]hmq_[gufieZghf b^he`_g[ulvij_^klZ\e_g\\b^_aZ\_jrzggh]hmq_[gh]hbkke_^h\Zgbybeb jZajZ[hlZggh]hijh_dlZbgnhjfZpbhggh]hl\hjq_kdh]hkhpbZevgh]hijbdeZ^gh]h bggh\Zpbhggh]hdhgkljmdlhjkdh]hbg`_g_jgh]h Lj_[h\ZgbyKlZg^ZjlZdj_amevlZlZfhk\h_gbyhkgh\ghch[jZah\Zl_evghc ijh]jZffuhij_^_eyxlkh^_j`Zl_evghdjbl_jbZevgmxbghjfZlb\gmxhkgh\m hp_gdbj_amevlZlh\hk\h_gbyh[mqZxsbfbkyhkgh\ghch[jZah\Zl_evghcijh]jZffu ^_yl_evghklbi_^Z]h]bq_kdbojZ[hlgbdh\h[jZah\Zl_evguomqj_`^_gbc Hk\h_gb_h[mqZxsbfbkyhkgh\ghch[jZah\Zl_evghcijh]jZffu aZ\_jrZ_lkyh[yaZl_evghc]hkm^Zjkl\_gghc blh]h\hc\fZll_klZpb_c\uimkdgbdh\ =hkm^Zjkl\_ggZy blh]h\Zy\fZll_klZpbyh[mqZxsbokyijh\h^blkyih\k_f bamqZ\rbfkymq_[gufij_^f_lZf =hkm^Zjkl\_ggZy blh]h\Zy\fZll_klZpbyh[mqZxsbokyhk\hb\rbohkgh\gmx h[jZah\Zl_evgmxijh]jZffmijh\h^blky\ nhjf_ _^bgh]h]hkm^Zjkl\_ggh]h wdaZf_gZihhdhgqZgbbdeZkkZ\h[yaZl_evghfihjy^d_ihmq_[gufij_^f_lZf Jmkkdbcyaudbebl_jZlmjZ FZl_fZlbdZZe]_[jZbgZqZeZZgZebaZ]_hf_ljby BghkljZggucyaud N=HK   H[mqZxsbckyfh`_lkZfhklhyl_evgh\u[jZlvmjh\_gv [Zah\ucbeb m]em[e_gguc\f\khhl\_lkl\bbkdhlhjuf[m^_lijh\h^blvky]hkm^Zjkl\_ggZy blh]h\Zy\fZll_klZpby\nhjf__^bgh]h]hkm^Zjkl\_ggh]hwdaZf_gZ �himkdZ_lkyijhoh`^_gb_h[mqZxsbfbky]hkm^Zjkl\_gghc blh]h\hc\f Zll_klZpbbihaZ\_jr_gbxbamq_gbyhl^_evguomq_[guoij_^f_lh\gZ[Zah\hf mjh\g_ihke_deZkkZ  ,,, Lj_[h\Zgbydkljmdlmj_hkgh\ghch[jZah\Zl_evghcijh]jZffu  Hkgh\gZyh[jZah\Zl_evgZyijh]jZffZhij_^_ey_lp_ebaZ^Zqb ieZgbjm_fu_j_amevlZlukh^_j`Zgb_bhj]ZgbaZpbxh[jZah\Zl_evgh]hijhp_kkZ gZklmi_gbkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgbybj_Zebam_lkyh[jZah\Zl_evguf mqj_`^_gb_fq_j_amjhqgmxb\g_mjhqgmx^_yl_evghklvkkh[ex^_gb_flj_[h\Zgbc ]hkm^Zjkl\_gguokZgblZjghwib^_fbheh]bq_kdboijZ\bebghjfZlb\h\   g_mjhqgZy^_yl_evghklv  hj]Zgbam_lkyihgZijZ\e_gbyfjZa\blby ebqghklb ^moh\ghgjZ\kl\_ggh_kihjlb\ghha^hjh\bl_evgh_khpbZevgh_ h[s_bgl_ee_dlmZevgh_h[s_dmevlmjgh_\f\lZdbonhjfZodZdom^h`_kl\_ggu_ klm^bbkihjlb\gu_dem[ubk_dpbbxghr_kdb_hj]ZgbaZpbbdjZ_\_^q_kdZyjZ[hlZ gZmqghijZdlbq_kdb_dhgn_j_gpbbrdhevgu_gZmqgu_h[s_kl\ZhebfibZ^u ihbkdh\u_bgZmqgu_bkke_^h\Zgbyh[s_kl\_gghihe_agu_ijZdlbdb\h_ggh iZljbhlbq_kdb_h[t_^bg_gbyb\^jm]bonhjfZohlebqguohlmjhqghc gZ ^h[jh\hevghchkgh\_\khhl\_lkl\bbk\u[hjhfmqZklgbdh\h[jZah\Zl_evgh]h ijhp_kkZ Nhjfuhj]ZgbaZpbbh[jZah\Zl_evgh]hijhp_kkZq_j_^h\Zgb_mjhqghc b\g_mjhqghc^_yl_evghklb\jZfdZoj_ZebaZpbbhkgh\ghch[jZah\Zl_evghc ijh]jZffuhij_^_ey_lh[jZah\Zl_evgh_mqj_`^_gb_ Hkgh\gZyh[jZah\Zl_evgZyijh]jZffZ^he`gZkh^_j`ZlvljbjZa^_eZ p_e_\hckh^_j`Zl_evgucbhj]ZgbaZpbhgguc P_e_\hcjZa^_e^he`_ghij_^_eylvh[s__gZagZq_gb_p_ebaZ^Zqb ieZgbjm_fu_j_amevlZluj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffuZ lZd`_kihkh[uhij_^_e_gby^hklb`_gbywlbop_e_cbj_amevlZlh\b\dexqZlv ihykgbl_evgmxaZibkdm ieZgbjm_fu_j_amevlZluhk\h_gbyh[mqZxsbfbkyhkgh\ghch[jZah\Zl_evghc ijh]jZffu kbkl_fmhp_gdbj_amevlZlh\hk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu Kh^_j`Zl_evgucjZa^_e^he`_g hij_^_eylvh[s__kh^_j`Zgb_kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgbyb\dexqZlvh[jZah\Zl_evgu_ijh]jZffu hjb_glbjh\Zggu_gZ^hklb`_gb_ebqghklguoij_^f_lguobf_lZij_^f_lguo j_amevlZlh\\lhfqbke_   KZgblZjghwib^_fbheh]bq_kdb_ijZ\beZbghjfZlb\uKZgIbGKZgblZjghwib^_fbheh]bq_kdb_lj_[h\Zgbydmkeh\byf bhj]ZgbaZpbbh[mq_gby\h[s_h[jZah\Zl_evguomqj_`^_gbyoml\_j`^_ggu_ihklZgh\e_gb_f=eZ\gh]h]hkm^Zjkl\_ggh]hkZgblZjgh]h\jZqZ JhkkbckdhcN_^_jZpbbhl^_dZ[jy] aZj_]bkljbjh\ZghFbgbkl_jkl\hfxklbpbbJhkkbckdhcN_^_jZpbbfZjlZ] j_]bkljZpbhggucJhkkbckdZy]Za_lZ\fkbaf_g_gbyfb\g_k_ggufbihklZgh\e_gb_f=eZ\gh]h]hkm^Zjkl\_ggh]hkZgblZjgh]h \jZqZJhkkbckdhcN_^_jZpbbhlbxgy] aZj_]bkljbjh\ZghFbgbkl_jkl\hfxklbpbbJhkkbckdhcN_^_jZpbb^_dZ[jy] j_]bkljZpbhgguc;xee_l_gvghjfZlb\guoZdlh\n_^_jZevguohj]Zgh\bkihegbl_evghc\eZklb\f N=HK   ijh]jZffmjZa\blbymgb\_jkZevguomq_[guo^_ckl\bcgZklmi_gb kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby\dexqZxsmxnhjfbjh\Zgb_ dhfi_l_gpbch[mqZxsboky\h[eZklbmq_[ghbkke_^h\Zl_evkdhcbijh_dlghc ^_yl_evghklb ijh]jZffuhl^_evguomq_[guoij_^f_lh\dmjkh\ bdmjkh\\g_mjhqghc ^_yl_evghklb  ijh]jZffm\hkiblZgbybkhpbZebaZpbbh[mqZxsbokygZklmi_gb kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby\dexqZxsmxlZdb_gZijZ\e_gbydZd ^moh\ghgjZ\kl\_ggh_jZa\blb_\hkiblZgb_h[mqZxsbokybokhpbZebaZpbx bijhn_kkbhgZevgmxhjb_glZpbxnhjfbjh\Zgb_wdheh]bq_kdhcdmevlmju dmevlmjua^hjh\h]hb[_ahiZkgh]hh[jZaZ`bagb  ijh]jZffmdhjj_dpbhgghcjZ[hlu\dexqZxsmx hj]ZgbaZpbx jZ[hluk h[mqZxsbfbkykh]jZgbq_ggufb\hafh`ghklyfba^hjh\vy bbg\Zeb^Zfb Hj]ZgbaZpbhggucjZa^_e^he`_ghij_^_eylvh[sb_jZfdbhj]ZgbaZpbb h[jZah\Zl_evgh]hijhp_kkZZlZd`_f_oZgbafuj_ZebaZpbbhkgh\ghc h[jZah\Zl_evghcijh]jZffu Hj]ZgbaZpbhggucjZa^_e^he`_g\dexqZlv mq_[gucieZgkj_^g_]h ihegh]h\fh[s_]hh[jZah\ZgbydZdh^bgba hkgh\guof_oZgbafh\j_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu ieZg\g_mjhqghc^_yl_evghklb kbkl_fmmkeh\bcj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu\ khhl\_lkl\bbklj_[h\ZgbyfbKlZg^ZjlZ Hkgh\gZyh[jZah\Zl_evgZyijh]jZffZjZajZ[Zlu\Z_lkygZhkgh\_ijbf_jghc hkgh\ghch[jZah\Zl_evghcijh]jZffukj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby Hkgh\gZyh[jZah\Zl_evgZyijh]jZffZkh^_j`blh[yaZl_evgmxqZklvb qZklvnhjfbjm_fmxmqZklgbdZfbh[jZah\Zl_evgh]hijhp_kkZ H[yaZl_evgZyqZklvhkgh\ghch[jZah\Zl_evghcijh]jZffu\iheghf h[t_f_\uihegy_llj_[h\ZgbyKlZg^ZjlZbj_Zebam_lky\h\k_oh[jZah\Zl_evguo mqj_`^_gbyobf_xsbo]hkm^Zjkl\_ggmxZddj_^blZpbxbj_Zebamxsbohkgh\gmx h[jZah\Zl_evgmxijh]jZffm H[yaZl_evgZyqZklvhkgh\ghch[jZah\Zl_evghcijh]jZffuhij_^_ey_l kh^_j`Zgb_h[jZah\Zgbyh[s_gZpbhgZevghcagZqbfhklbbkhklZ\ey_l  ZqZklv nhjfbjm_fZymqZklgbdZfbh[jZah\Zl_evgh]hijhp_kkZ  hlh[s_]hh[tzfZ hkgh\ghch[jZah\Zl_evghcijh]jZffu p_eyoh[_ki_q_gbybg^b\b^mZevguoihlj_[ghkl_ch[mqZxsboky\hkgh\ghc h[jZah\Zl_evghcijh]jZff_ij_^mkfZljb\Zxlky mq_[gu_ij_^f_ludmjkuh[_ki_qb\Zxsb_jZaebqgu_bgl_j_ku h[mqZxsboky\lhfqbke_wlghdmevlmjgu_ \g_mjhqgZy^_yl_evghklv JZajZ[hlZggZyh[jZah\Zl_evgufmqj_`^_gb_fhkgh\gZyh[jZah\Zl_evgZy ijh]jZffZ^he`gZh[_ki_qb\Zlv^hklb`_gb_h[mqZxsbfbkyh[jZah\Zl_evguo j_amevlZlh\\khhl\_lkl\bbklj_[h\ZgbyfbmklZgh\e_ggufbKlZg^Zjlhf N=HK   Mq_[guc u_\fieZg u\fh[jZah\Zl_evgh]hmqj_`^_gbybieZg u\f\g_mjhqghc ^_yl_evghklbh[jZah\Zl_evgh]hmqj_`^_gbyy\eyxlkyhkgh\gufbf_oZgbafZfb j_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu JZajZ[hldZbml\_j`^_gb_h[jZah\Zl_evgufmqj_`^_gb_fhkgh\ghc h[jZah\Zl_evghcijh]jZffuhkms_kl\eyxlkykZfhklhyl_evghkijb\e_q_gb_f hj]Zgh\kZfhmijZ\e_gbyh[jZah\Zl_evgh]hmqj_`^_gbyh[_ki_qb\Zxsbo ]hkm^Zjkl\_gghh[s_kl\_ggucoZjZdl_jmijZ\e_gbyh[jZah\Zl_evgufmqj_`^_gb_f Hkgh\gZyh[jZah\Zl_evgZyijh]jZffZ^he`gZ[ulvij__fkl\_gghcih hlghr_gbxdhkgh\ghch[jZah\Zl_evghcijh]jZff_hkgh\gh]hh[s_]hh[jZah\Zgby Lj_[h\ZgbydjZa^_eZfhkgh\ghch[jZah\Zl_evghcijh]jZffu P_e_\hcjZa^_ehkgh\ghch[jZah\Zl_evghcijh]jZffu Ihykgbl_evgZyaZibkdZ  ^he`gZjZkdju\Zlv \fp_ebbaZ^Zqbj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu dhgdj_lbabjh\Zggu_\khhl\_lkl\bbklj_[h\ZgbyfbKlZg^ZjlZdj_amevlZlZf hk\h_gbyh[mqZxsbfbkyhkgh\ghch[jZah\Zl_evghcijh]jZffu \fijbgpbiubih^oh^udnhjfbjh\Zgbxhkgh\ghch[jZah\Zl_evghc ijh]jZffu \fh[smxoZjZdl_jbklbdmhkgh\ghch[jZah\Zl_evghcijh]jZffu \fh[sb_ih^oh^udhj]ZgbaZpbb\g_mjhqghc^_yl_evghklb IeZgbjm_fu_j_amevlZluhk\h_gbyh[mqZxsbfbkyhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`gu \fh[_ki_qb\Zlvk\yavf_`^mlj_[h\ZgbyfbKlZg^ZjlZh[jZah\Zl_evguf ijhp_kkhfbkbkl_fhchp_gdbj_amevlZlh\hk\h_gbyhkgh\ghc h[jZah\Zl_evghcijh]jZffu \fy\eylvkykh^_j`Zl_evghcbdjbl_jbZevghchkgh\hc^eyjZajZ[hldb jZ[hqboijh]jZffmq_[guoij_^f_lh\dmjkh\ jZ[hqboijh]jZffdmjkh\  \g_mjhqghc^_yl_evghklbijh]jZffjZa\blbymgb\_jkZevguomq_[guo ^_ckl\bc\hkiblZgbybkhpbZebaZpbbZlZd`_^eykbkl_fuhp_gdb dZq_kl\Zhk\h_gbyh[mqZxsbfbkyhkgh\ghch[jZah\Zl_evghcijh]jZffu\ khhl\_lkl\bbklj_[h\ZgbyfbKlZg^ZjlZ KljmdlmjZbkh^_j`Zgb_ieZgbjm_fuoj_amevlZlh\hk\h_gbyhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`guhljZ`Zlvlj_[h\ZgbyKlZg^ZjlZki_pbnbdm h[jZah\Zl_evgh]hijhp_kkZ \qZklghklbki_pbnbdmp_e_cbamq_gbyhl^_evguo mq_[guoij_^f_lh\\fkhhl\_lkl\h\Zlv\hajZklguf\hafh`ghklyfh[mqZxsboky IeZgbjm_fu_j_amevlZluhk\h_gbyh[mqZxsbfbkyhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`gumlhqgylvbdhgdj_lbabjh\Zlvh[s__ ihgbfZgb_ebqghklguof_lZij_^f_lguobij_^f_lguoj_amevlZlh\dZdk ihabpbchj]ZgbaZpbbbo^hklb`_gby\h[jZah\Zl_evghfijhp_kk_lZdbkihabpbc hp_gdb^hklb`_gbywlboj_amevlZlh\ �hklb`_gb_ieZgbjm_fuoj_amevlZlh\hk\h_gbyh[mqZxsbfbkyhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`ghmqblu\Zlvkyijbhp_gd_j_amevlZlh\ ^_yl_evghklbi_^Z]h]bq_kdbojZ[hlgbdh\h[jZah\Zl_evguomqj_`^_gbc Kbkl_fZhp_gdb^hklb`_gbyieZgbjm_fuoj_amevlZlh\hk\h_gby hkgh\ghch[jZah\Zl_evghcijh]jZffu^he`gZ N=HK   \faZdj_ieylvhkgh\gu_gZijZ\e_gbybp_ebhp_ghqghc^_yl_evghklb hjb_glbjh\ZgghcgZmijZ\e_gb_dZq_kl\hfh[jZah\Zgbyhibku\Zlvh[t_dlb kh^_j`Zgb_hp_gdbdjbl_jbbijhp_^mjubkhklZ\bgkljmf_glZjbyhp_gb\Zgby nhjfuij_^klZ\e_gbyj_amevlZlh\mkeh\byb]jZgbpuijbf_g_gbykbkl_fuhp_gdb \fhjb_glbjh\Zlvh[jZah\Zl_evgucijhp_kkgZj_ZebaZpbxlj_[h\Zgbcd j_amevlZlZfhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu \fh[_ki_qb\Zlvdhfie_dkgucih^oh^dhp_gd_j_amevlZlh\hk\h_gby hkgh\ghch[jZah\Zl_evghcijh]jZffuiha\heyxsbc\_klbhp_gdmij_^f_lguo f_lZij_^f_lguobebqghklguoj_amevlZlh\ \fh[_ki_qb\Zlvhp_gdm^bgZfbdbbg^b\b^mZevguo^hklb`_gbc h[mqZxsboky\ijhp_kk_hk\h_gbyhkgh\ghch[s_h[jZah\Zl_evghcijh]jZffu \fij_^mkfZljb\Zlvbkihevah\Zgb_jZaghh[jZaguof_lh^h\bnhjf\aZbfgh ^hihegyxsbo^jm]^jm]Z lZdbodZdklZg^Zjlbabjh\Zggu_ibkvf_ggu_bmklgu_ jZ[hluijh_dludhgdmjkuijZdlbq_kdb_jZ[hlul\hjq_kdb_jZ[hlukZfhZgZeba bkZfhhp_gdZgZ[ex^_gby\f \fiha\heylvbkihevah\Zlvj_amevlZlublh]h\hchp_gdb\uimkdgbdh\ oZjZdl_jbamxsb_mjh\_gv^hklb`_gbyieZgbjm_fuoj_amevlZlh\hk\h_gby hkgh\ghch[jZah\Zl_evghcijh]jZffukj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ijbhp_gd_^_yl_evghklbh[jZah\Zl_evgh]hmqj_`^_gbyi_^Z]h]bq_kdbo jZ[hlgbdh\ Kbkl_fZhp_gdb^hklb`_gbyieZgbjm_fuoj_amevlZlh\hk\h_gbyhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`gZ\dexqZlvhibkZgb_ \fhj]ZgbaZpbbbnhjfij_^klZ\e_gbybmqzlZj_amevlZlh\ijhf_`mlhqghc Zll_klZpbbh[mqZxsboky\jZfdZomjhqghcb\g_mjhqghc^_yl_evghklb \fhj]ZgbaZpbbkh^_j`Zgbybdjbl_jb_\hp_gdbj_amevlZlh\ihmq_[guf ij_^f_lZf\ughkbfufgZ]hkm^Zjkl\_ggmx blh]h\mx\fZll_klZpbx \fhj]ZgbaZpbbdjbl_jb_\hp_gdbbnhjfij_^klZ\e_gbybmqzlZj_amevlZlh\ hp_gdbmq_[ghbkke_^h\Zl_evkdhcbijh_dlghc^_yl_evghklbh[mqZxsboky Kh^_j`Zl_evgucjZa^_ehkgh\ghch[jZah\Zl_evghcijh]jZffu Ijh]jZffZjZa\blbymgb\_jkZevguomq_[guo^_ckl\bcgZklmi_gb kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ^Ze__Ijh]jZffZ\f^he`gZ[ulv gZijZ\e_gZgZ j_ZebaZpbxlj_[h\ZgbcKlZg^ZjlZdebqghklgufbf_lZij_^f_lguf j_amevlZlZfhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu ih\ur_gb_wnn_dlb\ghklbhk\h_gbyh[mqZxsbfbkyhkgh\ghc h[jZah\Zl_evghcijh]jZffuZlZd`_mk\h_gbyagZgbcbmq_[guo^_ckl\bc nhjfbjh\Zgb_mh[mqZxsboky kbkl_fguoij_^klZ\e_gbcbhiulZijbf_g_gby f_lh^h\l_ogheh]bcbnhjfhj]ZgbaZpbbijh_dlghcbmq_[ghbkke_^h\Zl_evkdhc ^_yl_evghklb^ey^hklb`_gbyijZdlbdhhjb_glbjh\Zgguoj_amevlZlh\h[jZah\Zgby  nhjfbjh\Zgb_gZ\udh\jZajZ[hldbj_ZebaZpbbbh[s_kl\_gghcij_a_glZpbb h[mqZxsbfbkyj_amevlZlh\bkke_^h\Zgbybg^b\b^mZevgh]hijh_dlZgZijZ\e_ggh]h gZj_r_gb_gZmqghcebqghklghb beb\fkhpbZevghagZqbfhcijh[e_fu Ijh]jZffZ^he`gZh[_ki_qb\Zlv jZa\blb_mh[mqZxsbokykihkh[ghklbdkZfhihagZgbxkZfhjZa\blbxb kZfhhij_^_e_gbx  N=HK   nhjfbjh\Zgb_ebqghklguop_gghklghkfukeh\uohjb_glbjh\b mklZgh\hd kbkl_fuagZqbfuokhpbZevguobf_`ebqghklguohlghr_gbc  ebqghklguoj_]meylb\guoihagZ\Zl_evguodhffmgbdZlb\guo mgb\_jkZevguomq_[guo^_ckl\bc kihkh[ghklbbobkihevah\Zgby\mq_[ghc ihagZ\Zl_evghcbkhpbZevghcijZdlbd_ nhjfbjh\Zgb_mf_gbckZfhklhyl_evgh]hieZgbjh\Zgbybhkms_kl\e_gby mq_[ghc^_yl_evghklbbhj]ZgbaZpbbmq_[gh]hkhljm^gbq_kl\Zki_^Z]h]Zfbb k\_jklgbdZfbihkljh_gbybg^b\b^mZevgh]hh[jZah\Zl_evgh]hfZjrjmlZ j_r_gb_aZ^Zqh[s_dmevlmjgh]hebqghklgh]hbihagZ\Zl_evgh]h jZa\blbyh[mqZxsboky ih\ur_gb_wnn_dlb\ghklbmk\h_gbyh[mqZxsbfbkyagZgbcbmq_[guo ^_ckl\bcnhjfbjh\Zgb_ gZmqgh]hlbiZfure_gby dhfi_l_glghkl_c\ ij_^f_lguoh[eZklyomq_[ghbkke_^h\Zl_evkdhcijh_dlghcbkhpbZevghc ^_yl_evghklb kha^Zgb_mkeh\bc^eybgl_]jZpbbmjhqguob\g_mjhqguonhjfmq_[gh bkke_^h\Zl_evkdhcbijh_dlghc^_yl_evghklbh[mqZxsbokyZlZd`_bo kZfhklhyl_evghcjZ[hluihih^]hlh\d_baZsbl_bg^b\b^mZevguoijh_dlh\ nhjfbjh\Zgb_gZ\udh\mqZklby\jZaebqguonhjfZohj]ZgbaZpbbmq_[gh bkke_^h\Zl_evkdhcbijh_dlghc^_yl_evghklb l\hjq_kdb_dhgdmjkugZmqgu_ h[s_kl\ZgZmqghijZdlbq_kdb_dhgn_j_gpbbhebfibZ^ugZpbhgZevgu_ h[jZah\Zl_evgu_ijh]jZffub^jm]b_nhjfu\f \hafh`ghklvihemq_gbyijZdlbdh hjb_glbjh\Zggh]hj_amevlZlZ ijZdlbq_kdmxgZijZ\e_gghklvijh\h^bfuobkke_^h\Zgbcbbg^b\b^mZevguo ijh_dlh\ \hafh`ghklvijZdlbq_kdh]hbkihevah\Zgbyijbh[j_lzgguoh[mqZxsbfbky dhffmgbdZlb\guogZ\udh\gZ\udh\p_e_iheZ]ZgbyieZgbjh\ZgbybkZfhdhgljhey ih^]hlh\dmdhkhagZgghfm\u[hjm^Zevg_cr_]hh[jZah\Zgbyb ijhn_kkbhgZevghc^_yl_evghklb Ijh]jZffZ^he`gZkh^_j`Zlv \fp_ebbaZ^Zqb\dexqZy mq_[ghbkke_^h\Zl_evkdmxbijh_dlgmx ^_yl_evghklvh[mqZxsbokydZdkj_^kl\Zkh\_jr_gkl\h\Zgbybomgb\_jkZevguo mq_[guo^_ckl\bc hibkZgb_f_klZIjh]jZffub_zjheb\j_ZebaZpbblj_[h\Zgbc KlZg^ZjlZ \fhibkZgb_ihgylbcnmgdpbckhklZ\ZboZjZdl_jbklbdmgb\_jkZevguo mq_[guo^_ckl\bcbbok\yabkkh^_j`Zgb_fhl^_evguomq_[guoij_^f_lh\b \g_mjhqghc^_yl_evghklvxZlZd`_f_klZmgb\_jkZevguomq_[guo^_ckl\bc\ kljmdlmj_h[jZah\Zl_evgh]hijhp_kkZ \flbih\u_aZ^Zqbihnhjfbjh\Zgbxmgb\_jkZevguomq_[guo^_ckl\bc \fhibkZgb_hkh[_gghkl_cmq_[ghbkke_^h\Zl_evkdhcbijh_dlghc ^_yl_evghklbh[mqZxsboky \fhibkZgb_hkgh\guogZijZ\e_gbcmq_[ghbkke_^h\Zl_evkdhcbijh_dlghc ^_yl_evghklbh[mqZxsboky \fieZgbjm_fu_j_amevlZlumq_[ghbkke_^h\Zl_evkdhcbijh_dlghc ^_yl_evghklbh[mqZxsboky\jZfdZomjhqghcb\g_mjhqghc^_yl_evghklb N=HK   \fhibkZgb_mkeh\bch[_ki_qb\ZxsbojZa\blb_mgb\_jkZevguomq_[guo ^_ckl\bcmh[mqZxsboky\lhfqbke_ kbkl_fuhj]ZgbaZpbhgghf_lh^bq_kdh]h bj_kmjkgh]hh[_ki_q_gbymq_[ghbkke_^h\Zl_evkdhcbijh_dlghc^_yl_evghklb h[mqZxsboky  \ff_lh^bdmbbgkljmf_glZjbchp_gdbmki_rghklbhk\h_gbyb ijbf_g_gbyh[mqZxsbfbkymgb\_jkZevguomq_[guo^_ckl\bc   Ijh]jZffuhl^_evguomq_[guoij_^f_lh\dmjkh\bdmjkh\ \g_mjhqghc^_yl_evghklb^he`gu[ulvgZijZ\e_gugZ^hklb`_gb_ieZgbjm_fuo j_amevlZlh\hk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu Ijh]jZffuhl^_evguomq_[guoij_^f_lh\dmjkh\bdmjkh\\g_mjhqghc ^_yl_evghklbjZajZ[Zlu\ZxlkygZhkgh\_lj_[h\Zgbcdj_amevlZlZfhk\h_gby hkgh\ghch[jZah\Zl_evghcijh]jZffukmqzlhfhkgh\guogZijZ\e_gbcijh]jZff \dexqzgguo\kljmdlmjmhkgh\ghch[jZah\Zl_evghcijh]jZffu Ijh]jZffuhl^_evguomq_[guoij_^f_lh\dmjkh\^he`gukh^_j`Zlv \fihykgbl_evgmxaZibkdm\dhlhjhcdhgdj_lbabjmxlkyh[sb_p_eb kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgbykmqzlhfki_pbnbdbmq_[gh]h ij_^f_lZ \fh[smxoZjZdl_jbklbdmmq_[gh]hij_^f_lZdmjkZ \fhibkZgb_f_klZmq_[gh]hij_^f_lZdmjkZ\mq_[ghfieZg_ \febqghklgu_f_lZij_^f_lgu_bij_^f_lgu_j_amevlZluhk\h_gby dhgdj_lgh]hmq_[gh]hij_^f_lZdmjkZ \fkh^_j`Zgb_mq_[gh]hij_^f_lZdmjkZ \fl_fZlbq_kdh_ieZgbjh\Zgb_khij_^_e_gb_fhkgh\guo\b^h\mq_[ghc ^_yl_evghklbh[mqZxsboky \fhibkZgb_mq_[ghf_lh^bq_kdh]hbfZl_jbZevghl_ogbq_kdh]hh[_ki_q_gby h[jZah\Zl_evgh]hijhp_kkZ Ijh]jZffumq_[guoij_^f_lh\dmjkh\^he`gumqblu\Zlvg_h[oh^bfhklvjZa\blby mh[mqZxsbokydhfi_l_glghklb\h[eZklbbkihevah\ZgbybgnhjfZpbhggh dhffmgbdZpbhgguol_ogheh]bc Ijh]jZffudmjkh\\g_mjhqghc^_yl_evghklb^he`gukh^_j`Zlv \fihykgbl_evgmxaZibkdm\dhlhjhcdhgdj_lbabjmxlkyh[sb_ p_ebkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgbykmqzlhfki_pbnbdbdmjkZ \g_mjhqghc^_yl_evghklb \fh[smxoZjZdl_jbklbdmdmjkZ\g_mjhqghc^_yl_evghklb \febqghklgu_bf_lZij_^f_lgu_j_amevlZluhk\h_gbydmjkZ \g_mjhqghc^_yl_evghklb \fkh^_j`Zgb_dmjkZ\g_mjhqghc^_yl_evghklb \fl_fZlbq_kdh_ieZgbjh\Zgb_khij_^_e_gb_fhkgh\guo\b^h\ \g_mjhqghc^_yl_evghklbh[mqZxsboky \fhibkZgb_mq_[ghf_lh^bq_kdh]hbfZl_jbZevghl_ogbq_kdh]hh[_ki_q_gby dmjkZ\g_mjhqghc^_yl_evghklb Ijh]jZffZ \hkiblZgbybkhpbZebaZpbb h[mqZxsbokygZklmi_gb kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ^Ze__Ijh]jZffZ\f^he`gZ[ulv ihkljh_gZgZhkgh\_[Zah\uogZpbhgZevguop_gghkl_cjhkkbckdh]hh[s_kl\Z N=HK   lZdbodZdiZljbhlbafkhpbZevgZykheb^Zjghklv]jZ`^Zgkl\_gghklvk_fvy a^hjh\v_ljm^bl\hjq_kl\hgZmdZh[jZah\Zgb_ljZ^bpbhggu_j_eb]bb Jhkkbbbkdmkkl\hijbjh^Zq_eh\_q_kl\hbgZijZ\e_gZgZ\hkiblZgb_ \ukhdhgjZ\kl\_ggh]hl\hjq_kdh]hdhfi_l_glgh]h]jZ`^ZgbgZJhkkbb ijbgbfZxs_]hkm^v[mk\h_ckljZgudZdk\hxebqgmxhkhagZxs_]h hl\_lkl\_gghklvaZ__gZklhys__b[m^ms__mdhj_g_ggh]h\^moh\guobdmevlmjguo ljZ^bpbyofgh]hgZpbhgZevgh]hgZjh^ZJhkkbckdhcN_^_jZpbbih^]hlh\e_ggh]hd `bag_gghfmkZfhhij_^_e_gbx Ijh]jZffZ^he`gZh[_ki_qb\Zlv ^hklb`_gb_\uimkdgbdZfbebqghklguoj_amevlZlh\hk\h_gbyhkgh\ghc h[jZah\Zl_evghcijh]jZffu\khhl\_lkl\bbklj_[h\ZgbyfbKlZg^ZjlZ nhjfbjh\Zgb_mdeZ^Zrdhevghc`bagbgZhkgh\_[Zah\uogZpbhgZevguop_gghkl_c jhkkbckdh]hh[s_kl\Zmqblu\Zxs_]hbklhjbdhdmevlmjgmxbwlgbq_kdmx ki_pbnbdmj_]bhgZ\dhlhjhfgZoh^blkyh[jZah\Zl_evgZyhj]ZgbaZpbyZlZd`_ ihlj_[ghklbbbg^b\b^mZevgu_khpbZevgu_bgbpbZlb\uh[mqZxsbokyhkh[_gghklb bokhpbZevgh]h\aZbfh^_ckl\by\g_rdheuoZjZdl_jZijhn_kkbhgZevguo ij_^ihql_gbc Ijh]jZffZ^he`gZkh^_j`Zlv \fp_evbaZ^Zqb^moh\ghgjZ\kl\_ggh]hjZa\blby\hkiblZgbykhpbZebaZpbb h[mqZxsbokygZklmi_gbkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby \fhkgh\gu_gZijZ\e_gbybp_gghklgu_hkgh\u^moh\ghgjZ\kl\_ggh]h jZa\blby\hkiblZgbybkhpbZebaZpbb \fkh^_j`Zgb_\b^u^_yl_evghklbbnhjfuaZgylbckh[mqZxsbfbky ihdZ`^hfmbagZijZ\e_gbc^moh\ghgjZ\kl\_ggh]hjZa\blby\hkiblZgbyb khpbZebaZpbbh[mqZxsboky \ffh^_evhj]ZgbaZpbbjZ[hluih^moh\ghgjZ\kl\_gghfmjZa\blbx \hkiblZgbxbkhpbZebaZpbbh[mqZxsboky \fhibkZgb_nhjfbf_lh^h\hj]ZgbaZpbbkhpbZevghagZqbfhc^_yl_evghklb h[mqZxsboky \fhibkZgb_hkgh\guol_ogheh]bc\aZbfh^_ckl\bybkhljm^gbq_kl\Z km[t_dlh\\hkiblZl_evgh]hijhp_kkZbkhpbZevguobgklblmlh\ \fhibkZgb_f_lh^h\bnhjfijhn_kkbhgZevghchjb_glZpbb\h[jZah\Zl_evghf mqj_`^_gbb \fhibkZgb_nhjfbf_lh^h\nhjfbjh\Zgbymh[mqZxsbokywdheh]bq_kdhc dmevlmjudmevlmjua^hjh\h]hb[_ahiZkgh]hh[jZaZ`bagb\dexqZyf_jhijbylby ihh[mq_gbxijZ\beZf[_ahiZkgh]hih\_^_gbygZ^hjh]Zo \fhibkZgb_nhjfbf_lh^h\ih\ur_gbyi_^Z]h]bq_kdhcdmevlmjujh^bl_e_c aZdhgguoij_^klZ\bl_e_c\fh[mqZxsboky \fieZgbjm_fu_j_amevlZluih^moh\ghgjZ\kl\_gghfmjZa\blbx \hkiblZgbxbkhpbZebaZpbbh[mqZxsbokyboijhn_kkbhgZevghchjb_glZpbb nhjfbjh\Zgbx[_ahiZkgh]ha^hjh\h]hbwdheh]bq_kdbp_e_khh[jZagh]hh[jZaZ `bagb \fdjbl_jbbbihdZaZl_ebwnn_dlb\ghklb^_yl_evghklbh[jZah\Zl_evgh]h mqj_`^_gbyihh[_ki_q_gbx\hkiblZgbybkhpbZebaZpbbh[mqZxsboky N=HK   Ijh]jZffZdhjj_dpbhgghcjZ[hlu ^Ze__Ijh]jZffZ\f^he`gZ [ulvgZijZ\e_gZgZkha^Zgb_dhfie_dkgh]hikboheh]hf_^bdhi_^Z]h]bq_kdh]h khijh\h`^_gbyh[mqZxsboky kmqzlhfkhklhygbyboa^hjh\vybhkh[_gghkl_c ikbohnbabq_kdh]hjZa\blby dhjj_dpbxg_^hklZldh\\nbabq_kdhfb beb\f ikbobq_kdhfjZa\blbbh[mqZxsbokykh]jZgbq_ggufb\hafh`ghklyfba^hjh\vyb bg\Zeb^h\hdZaZgb_bfihfhsb\hk\h_gbbhkgh\ghch[jZah\Zl_evghcijh]jZffu Ijh]jZffZ^he`gZghkblvdhfie_dkgucoZjZdl_jbh[_ki_qb\Zlv ih^^_j`dmh[mqZxsbokykhkh[ufbh[jZah\Zl_evgufbihlj_[ghklyfbZ lZd`_ihiZ\rbo\ljm^gmx`bag_ggmxkblmZpbx \uy\e_gb_bm^h\e_l\hj_gb_hkh[uoh[jZah\Zl_evguoihlj_[ghkl_c h[mqZxsbokykh]jZgbq_ggufb\hafh`ghklyfba^hjh\vybbg\Zeb^h\\_^bgkl\_ mjhqghcb\g_mjhqghc^_yl_evghklb\kh\f_klghci_^Z]h]bq_kdhcjZ[hl_ ki_pbZebklh\kbkl_fuh[s_]hbki_pbZevgh]hh[jZah\Zgbyk_fvbb^jm]bo bgklblmlh\h[s_kl\Zbgl_]jZpbxwlhcdZl_]hjbbh[mqZxsboky\h[jZah\Zl_evghf mqj_`^_gbb hdZaZgb_\khhl\_lkl\bbkj_dhf_g^Zpbyfbikboheh]hf_^bdh i_^Z]h]bq_kdhcdhfbkkbbdZ`^hfmh[mqZxs_fmkykh]jZgbq_ggufb \hafh`ghklyfba^hjh\vybbg\Zeb^mdhfie_dkghcbg^b\b^mZevgh hjb_glbjh\Zgghckmqzlhfkhklhygbya^hjh\vybhkh[_gghkl_c ikbohnbabq_kdh]hjZa\blbylZdboh[mqZxsbokyikboheh]hf_^bdh i_^Z]h]bq_kdhcih^^_j`dbbkhijh\h`^_gby\mkeh\byoh[jZah\Zl_evgh]h ijhp_kkZ kha^Zgb_ki_pbZevguomkeh\bch[mq_gbyb\hkiblZgbyh[mqZxsboky kh]jZgbq_ggufb\hafh`ghklyfba^hjh\vybbg\Zeb^h\\lhfqbke_ [_a[Zjv_jghckj_^u`bag_^_yl_evghklbbmq_[ghc^_yl_evghklbkh[ex^_gb_ fZdkbfZevgh^himklbfh]hmjh\gy Ijh]jZffZ^he`gZkh^_j`Zlv \fp_ebbaZ^Zqbdhjj_dpbhgghcjZ[hlukh[mqZxsbfbkykhkh[ufb h[jZah\Zl_evgufbihlj_[ghklyfb\lhfqbke_kh]jZgbq_ggufb \hafh`ghklyfba^hjh\vybbg\Zeb^ZfbgZklmi_gbkj_^g_]h ihegh]h\fh[s_]h h[jZah\Zgby \fi_j_q_gvbkh^_j`Zgb_dhfie_dkguobg^b\b^mZevgh hjb_glbjh\Zgguodhjj_dpbhgguof_jhijbylbc\dexqZxsbo bkihevah\Zgb_bg^b\b^mZevguof_lh^h\h[mq_gbyb\hkiblZgbyijh\_^_gb_ bg^b\b^mZevguob]jmiih\uoaZgylbcih^jmdh\h^kl\hfki_pbZebklh\ \fkbkl_fmdhfie_dkgh]hikboheh]hf_^bdhkhpbZevgh]h khijh\h`^_gbybih^^_j`dbh[mqZxsbokykhkh[ufbh[jZah\Zl_evgufb ihlj_[ghklyfb\lhfqbke_kh]jZgbq_ggufb\hafh`ghklyfba^hjh\vyb bg\Zeb^h\ \ff_oZgbaf\aZbfh^_ckl\byij_^mkfZljb\Zxsbch[smxp_e_\mxb _^bgmxkljZl_]bq_kdmxgZijZ\e_gghklvjZ[hlumqbl_e_cki_pbZebklh\\h[eZklb dhjj_dpbhgghcbki_pbZevghci_^Z]h]bdbki_pbZevghcikboheh]bbf_^bpbgkdbo jZ[hlgbdh\ N=HK   \fieZgbjm_fu_j_amevlZlujZ[hlukh[mqZxsbfbky khkh[ufb h[jZah\Zl_evgufbihlj_[ghklyfb\lhfqbke_ kh]jZgbq_ggufb\hafh`ghklyfb a^hjh\vybbg\Zeb^Zfb Hj]ZgbaZpbhggucjZa^_ehkgh\ghch[jZah\Zl_evghcijh]jZffu Mq_[gucieZgkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ^Ze__ mq_[gucieZg\fy\ey_lkyh^gbfbahkgh\guof_oZgbafh\h[_ki_qb\Zxsbo  ^hklb`_gb_h[mqZxsbfbkyj_amevlZlh\hk\h_gbyhkgh\ghch[jZah\Zl_evghc ijh]jZffu\khhl\_lkl\bbklj_[h\ZgbyfbKlZg^ZjlZ Hkgh\gZyh[jZah\Zl_evgZyijh]jZffZfh`_l\dexqZlvdZdh^bglZdb g_kdhevdhmq_[guoieZgh\\lhfqbke_mq_[gu_ieZgujZaebqguoijhnbe_c h[mq_gby kemqZyoij_^mkfhlj_gguoaZdhgh^Zl_evkl\hfJhkkbckdhcN_^_jZpbb\ h[eZklbh[jZah\Zgby  mq_[gucieZgh[_ki_qb\Z_l \hafh`ghklvbamq_gbyjh^gh]h g_jmkkdh]h\fyaudZ  Mq_[gucieZghij_^_ey_l ghjfZlb\guckjhdhk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffukj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby]h^Z   dhebq_kl\hmq_[guoaZgylbcaZ]h^ZgZh^gh]hh[mqZxs_]hkyg_f_g__ qZkh\bg_[he__qZkh\ g_[he__qZkh\\g_^_ex\f Mq_[gucieZgij_^mkfZljb\Z_lbamq_gb_h[yaZl_evguomq_[guo ij_^f_lh\mq_[guoij_^f_lh\ih\u[hjmbah[yaZl_evguoij_^f_lguoh[eZkl_c ^hihegbl_evguomq_[guoij_^f_lh\dmjkh\ih\u[hjmbh[sbo^ey\dexq_gby\h \k_mq_[gu_ieZgumq_[guoij_^f_lh\\lhfqbke_gZm]em[e_gghfmjh\g_ Nhjfbjh\Zgb_mq_[guoieZgh\h[jZah\Zl_evgh]hmqj_`^_gby\lhf qbke_ijhnbe_ch[mq_gbybbg^b\b^mZevguomq_[guoieZgh\h[mqZxsboky hkms_kl\ey_lkybaqbkeZmq_[guoij_^f_lh\bake_^mxsboh[yaZl_evguo ij_^f_lguoh[eZkl_c Ij_^f_lgZyh[eZklvNbeheh]by\dexqZxsZymq_[gu_ij_^f_lu Jmkkdbcyaudbebl_jZlmjZ [Zah\ucbm]em[e_ggucmjh\gb\f Jh^ghc g_jmkkdbc\fyaudbebl_jZlmjZ [Zah\ucbm]em[e_ggucmjh\gb\f Ij_^f_lgZyh[eZklvBghkljZggu_yaudb\dexqZxsZymq_[gu_ij_^f_lu BghkljZggucyaud [Zah\ucbm]em[e_ggucmjh\gb\f lhjhcbghkljZggucyaud [Zah\ucbm]em[e_ggucmjh\gb\f Ij_^f_lgZyh[eZklvH[s_kl\_ggu_gZmdb\dexqZxsZymq_[gu_ij_^f_lu Bklhjby [Zah\ucbm]em[e_ggucmjh\gb\f =_h]jZnby [Zah\ucbm]em[e_ggucmjh\gb\f WdhghfbdZ [Zah\ucbm]em[e_ggucmjh\gb\f IjZ\h [Zah\ucbm]em[e_ggucmjh\gb\f H[s_kl\hagZgb_ [Zah\ucmjh\_gv\f   AZdhgh^Zl_evkl\hJhkkbckdhcN_^_jZpbb\h[eZklbh[jZah\Zgby\dexqZ_l\k_[yDhgklblmpbxJhkkbckdhcN_^_jZpbbAZdhgJhkkbckdhc N_^_jZpbbH[h[jZah\ZgbbijbgbfZ_fu_\khhl\_lkl\bbkgbf^jm]b_aZdhgubbgu_ghjfZlb\gu_ijZ\h\u_ZdluJhkkbckdhcN_^_jZpbbZ lZd`_aZdhgubbgu_ghjfZlb\gu_ijZ\h\u_Zdlukm[t_dlh\JhkkbckdhcN_^_jZpbb\h[eZklbh[jZah\Zgby imgdlklZlvbAZdhgZJhkkbckdhc N_^_jZpbbhlbxey]H[h[jZah\Zgbb _^hfhklbKt_a^ZgZjh^guo^_imlZlh\JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZ JhkkbckdhcN_^_jZpbbklKh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhcN_^_jZpbbklkl kl\f   ImgdlLbih\h]hiheh`_gbyh[h[s_h[jZah\Zl_evghfmqj_`^_gbbml\_j`^_ggh]hihklZgh\e_gb_fIjZ\bl_evkl\ZJhkkbckdhc N_^_jZpbbfZjlZ] Kh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhcN_^_jZpbbklkl klklklklkl\f N=HK   Jhkkby\fbj_ [Zah\ucmjh\_gv\f Ij_^f_lgZyh[eZklvFZl_fZlbdZbbgnhjfZlbdZ\dexqZxsZymq_[gu_ ij_^f_lu FZl_fZlbdZZe]_[jZbgZqZeZfZl_fZlbq_kdh]hZgZebaZ]_hf_ljby [Zah\ucbm]em[e_ggucmjh\gb\f BgnhjfZlbdZ [Zah\ucbm]em[e_ggucmjh\gb\f Ij_^f_lgZyh[eZklv?kl_kl\_ggu_gZmdb\dexqZxsZymq_[gu_ij_^f_lu NbabdZ [Zah\ucbm]em[e_ggucmjh\gb\f Obfby [Zah\ucbm]em[e_ggucmjh\gb\f ;bheh]by [Zah\ucbm]em[e_ggucmjh\gb\f ?kl_kl\hagZgb_ [Zah\ucmjh\_gv\f Ij_^f_lgZyh[eZklvNbabq_kdZydmevlmjZwdheh]bybhkgh\u[_ahiZkghklb `bag_^_yl_evghklb\dexqZxsZymq_[gu_ij_^f_lu Nbabq_kdZydmevlmjZ [Zah\ucmjh\_gv\f Wdheh]by [Zah\ucmjh\_gv\f Hkgh\u[_ahiZkghklb`bag_^_yl_evghklb [Zah\ucmjh\_gv\f mq_[gu_ieZgufh]ml[ulv\dexq_gu^hihegbl_evgu_mq_[gu_ij_^f_lu dmjkuih\u[hjmh[mqZxsboky ij_^eZ]Z_fu_h[jZah\Zl_evgufmqj_`^_gb_f gZijbf_j:kljhghfbyBkdmkkl\hIkboheh]byL_ogheh]by�baZcg Bklhjbyjh^gh]hdjZyWdheh]byfh_]hdjZy\f\khhl\_lkl\bbkhki_pbnbdhcb \hafh`ghklyfbh[jZah\Zl_evgh]hmqj_`^_gby Mq_[gu_ieZguhij_^_eyxlkhklZ\bh[tzfmq_[guoij_^f_lh\dmjkh\Z lZd`_bojZkij_^_e_gb_ihdeZkkZf ]h^Zf\fh[mq_gby H[jZah\Zl_evgh_mqj_`^_gb_ ij_^hklZ\ey_lh[mqZxsbfky\hafh`ghklvnhjfbjh\Zgbybg^b\b^mZevguo mq_[guoieZgh\\dexqZxsbomq_[gu_ij_^f_lubah[yaZl_evguoij_^f_lguo h[eZkl_c gZ[Zah\hfbebm]em[e_gghfmjh\g_\f\lhfqbke_bgl_]jbjh\Zggu_ mq_[gu_ij_^f_lu?kl_kl\hagZgb_H[s_kl\hagZgb_Jhkkby\ fbj_Wdheh]by^hihegbl_evgu_mq_[gu_ij_^f_ludmjkuih\u[hjm h[mqZxsboky h[_ki_qb\Z_lj_ZebaZpbxmq_[guoieZgh\h^gh]hbebg_kdhevdboijhnbe_c h[mq_gby _kl_kl\_gghgZmqguc]mfZgblZjguckhpbZevghwdhghfbq_kdbc l_ogheh]bq_kdbcmgb\_jkZevguc\fijbgZebqbbg_h[oh^bfuomkeh\bc ijhn_kkbhgZevgh]hh[mq_gby^ey\uiheg_gbyhij_^_e_ggh]h\b^Zljm^h\hc ^_yl_evghklb ijhn_kkbb\f\kn_j_l_ogbq_kdh]hbh[kem`b\Zxs_]hljm^Z Mq_[gucieZgijhnbeyh[mq_gbyb beb\fbg^b\b^mZevgucmq_[gucieZg ^he`gukh^_j`Zlv \fmq_[guoij_^f_lh\bij_^mkfZljb\Zlvbamq_gb_g_ f_g__h^gh]hmq_[gh]hij_^f_lZbadZ`^hcij_^f_lghch[eZklbhij_^_e_gghc gZklhysbfKlZg^Zjlhf\lhfqbke_h[sbfb^ey\dexq_gby\h\k_mq_[gu_ ieZguy\eyxlkymq_[gu_ij_^f_luJmkkdbcyaudbebl_jZlmjZBghkljZgguc yaudFZl_fZlbdZZe]_[jZbgZqZeZfZl_fZlbq_kdh]hZgZebaZ ]_hf_ljbyBklhjby bebJhkkby\fbj_\fNbabq_kdZydmevlmjZHkgh\u [_ahiZkghklb`bag_^_yl_evghklb N=HK   Ijbwlhfmq_[gucieZgijhnbeyh[mq_gby djhf_mgb\_jkZevgh]h\f^he`_g kh^_j`Zlvg_f_g__ \fmq_[guoij_^f_lh\gZm]em[e_gghfmjh\g_bamq_gbyba khhl\_lkl\mxs_cijhnbexh[mq_gbyij_^f_lghch[eZklbb beb\fkf_`ghckg_c ij_^f_lghch[eZklb mq_[ghfieZg_^he`gh[ulvij_^mkfhlj_gh\uiheg_gb_h[mqZxsbfbky bg^b\b^mZevgh]h uo\fijh_dlZ h\\f   IeZg\g_mjhqghc^_yl_evghklb p_eyoh[_ki_q_gbybg^b\b^mZevguoihlj_[ghkl_ch[mqZxsbokyhkgh\gZy h[jZah\Zl_evgZyijh]jZffZij_^mkfZljb\Z_l\g_mjhqgmx^_yl_evghklv IeZg\g_mjhqghc^_yl_evghklby\ey_lkyhj]ZgbaZpbhgguff_oZgbafhf j_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu IeZg\g_mjhqghc^_yl_evghklbhij_^_ey_lkhklZ\bkljmdlmjmgZijZ\e_gbc nhjfuhj]ZgbaZpbbh[tzf\g_mjhqghc^_yl_evghklbh[mqZxsboky gZklmi_gb kj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby ^hqZkh\aZ^\Z]h^Zh[mq_gby\f  H[jZah\Zl_evgh_mqj_`^_gb_kZfhklhyl_evghjZajZ[Zlu\Z_lbml\_j`^Z_l ieZg\g_mjhqghc^_yl_evghklb  Kbkl_fZmkeh\bcj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu ^Ze__kbkl_fZmkeh\bc\f^he`gZjZajZ[Zlu\ZlvkygZhkgh\_khhl\_lkl\mxsbo lj_[h\ZgbcKlZg^ZjlZbh[_ki_qb\Zlv^hklb`_gb_ieZgbjm_fuoj_amevlZlh\ hk\h_gbyhkgh\ghch[jZah\Zl_evghcijh]jZffu Kbkl_fZmkeh\bc^he`gZmqblu\Zlvhj]ZgbaZpbhggmxkljmdlmjm h[jZah\Zl_evgh]hmqj_`^_gbyZlZd`__]h\aZbfh^_ckl\b_k^jm]bfbkm[t_dlZfb h[jZah\Zl_evghciheblbdb Kbkl_fZmkeh\bc^he`gZkh^_j`Zlv hibkZgb_bf_xsbokymkeh\bcdZ^jh\uoikboheh]hi_^Z]h]bq_kdbo nbgZgkh\uofZl_jbZevghl_ogbq_kdbobgnhjfZpbhgghf_lh^bq_kdbo h[hkgh\Zgb_g_h[oh^bfuobaf_g_gbc\bf_xsbokymkeh\byo\khhl\_lkl\bb khkgh\ghch[jZah\Zl_evghcijh]jZffhckj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby h[jZah\Zl_evgh]hmqj_`^_gby f_oZgbafu^hklb`_gbyp_e_\uohjb_glbjh\\kbkl_f_mkeh\bc k_l_\hc]jZnbd ^hjh`gmxdZjlm\fihnhjfbjh\Zgbxg_h[oh^bfhckbkl_fu mkeh\bc dhgljhevaZkhklhygb_fkbkl_fumkeh\bc ,9 Lj_[h\Zgbydmkeh\byfj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu Lj_[h\Zgbydmkeh\byfj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu oZjZdl_jbamxldZ^jh\u_nbgZgkh\u_fZl_jbZevghl_ogbq_kdb_bbgu_mkeh\by j_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu J_amevlZlhfj_ZebaZpbbmdZaZgguolj_[h\Zgbc^he`gh[ulvkha^Zgb_ h[jZah\Zl_evghckj_^udZdkh\hdmighklbmkeh\bc h[_ki_qb\Zxsbo^hklb`_gb_p_e_ckj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby _]h\ukhdh_dZq_kl\h^hklmighklvbhldjulhklv^eyh[mqZxsbokybojh^bl_e_c aZdhgguoij_^klZ\bl_e_c\fb\k_]hh[s_kl\Z\hkiblZgb_bkhpbZebaZpbx h[mqZxsboky N=HK   ]ZjZglbjmxsbo  khojZg_gb_b  mdj_ie_gb_  nbabq_kdh]hikboheh]bq_kdh]h a^hjh\vybkhpbZevgh]h[eZ]hihemqbyh[mqZxsboky ij__fkl\_gguoihhlghr_gbxdhkgh\ghfmh[s_fmh[jZah\Zgbxb khhl\_lkl\mxsboki_pbnbd_h[jZah\Zl_evgh]hijhp_kkZgZklmi_gbkj_^g_]h ihegh]h\fh[s_]hh[jZah\ZgbyZlZd`_\hajZklgufikbohnbabq_kdbfhkh[_gghklyf jZa\blbyh[mqZxsboky Mkeh\byj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu^he`gu h[_ki_qb\Zlv^eymqZklgbdh\h[jZah\Zl_evgh]hijhp_kkZ\hafh`ghklv ^hklb`_gbyieZgbjm_fuoj_amevlZlh\hk\h_gbyhkgh\ghch[jZah\Zl_evghc ijh]jZffu\khhl\_lkl\bbkmq_[gufbieZgZfbbieZgZfb\g_mjhqghc ^_yl_evghklb\k_fbh[mqZxsbfbky\lhfqbke_h^Zjzggufb^_lvfb^_lvfbk h]jZgbq_ggufb\hafh`ghklyfba^hjh\vybbg\Zeb^Zfb jZa\blbyebqghklb_zkihkh[ghkl_cnhjfbjh\Zgbybm^h\e_l\hj_gby khpbZevghagZqbfuobgl_j_kh\bihlj_[ghkl_ckZfhj_ZebaZpbbh[mqZxsboky q_j_ahj]ZgbaZpbxmjhqghcb\g_mjhqghc^_yl_evghklbkhpbZevghcijZdlbdb h[s_kl\_gghihe_aghc^_yl_evghklbq_j_akbkl_fm l\hjq_kdbogZmqguob ljm^h\uoh[t_^bg_gbc djm`dh\dem[h\k_dpbcklm^bcgZhkgh\_\aZbfh^_ckl\by k^jm]bfbhj]ZgbaZpbyfbhkms_kl\eyxsbfbh[jZah\Zl_evgucijhp_kkZlZd`_ hj]ZgbaZpbyfbdmevlmjukihjlZa^jZ\hhojZg_gby^hkm]Zkem`[ZfbaZgylhklb gZk_e_gbyh[_ki_q_gby[_ahiZkghklb`bag_^_yl_evghklb hkhagZggh]h\u[hjZh[mqZxsbfbky[m^ms_cijhn_kkbb^Zevg_cr_]hmki_rgh]h h[jZah\Zgbybijhn_kkbhgZevghc^_yl_evghklb jZ[hlukh^Zjzggufbh[mqZxsbfbkyhj]ZgbaZpbbbojZa\blby\jZaebqguo h[eZklyoh[jZah\Zl_evghcl\hjq_kdhc^_yl_evghklb nhjfbjh\Zgbymh[mqZxsbokyjhkkbckdhc]jZ`^Zgkdhcb^_glbqghklb khpbZevguop_gghkl_ckhpbZevghijhn_kkbhgZevguohjb_glZpbc]hlh\ghklbd aZsbl_Hl_q_kl\Zkem`[_\hhjm`zgguokbeZoJhkkbckdhcN_^_jZpbb kZfhklhyl_evgh]hijh_dlbjh\Zgbyh[mqZxsbfbkyh[jZah\Zl_evghc ^_yl_evghklbb  wnn_dlb\ghckZfhklhyl_evghcjZ[hluihj_ZebaZpbb bg^b\b^mZevguomq_[guoieZgh\\khljm^gbq_kl\_ki_^Z]h]Zfbbk\_jklgbdZfb \uiheg_gbybg^b\b^mZevgh]hijh_dlZ\k_fbh[mqZxsbfbky\jZfdZo mq_[gh]h\j_f_gbki_pbZevghhl\_^zggh]hmq_[gufieZghf mqZklbyh[mqZxsbokybojh^bl_e_c aZdhgguoij_^klZ\bl_e_c\f i_^Z]h]bq_kdbojZ[hlgbdh\bh[s_kl\_gghklb\ijh_dlbjh\Zgbbhkgh\ghc h[jZah\Zl_evghcijh]jZffu\kha^Zgbbmkeh\bc^ey__j_ZebaZpbbZlZd`_ h[jZah\Zl_evghckj_^ubrdhevgh]hmdeZ^Z bkihevah\Zgbyk_l_\h]h\aZbfh^_ckl\byh[s_h[jZah\Zl_evguomqj_`^_gbc gZijZ\e_ggh]hgZih\ur_gb_wnn_dlb\ghklbh[jZah\Zl_evgh]hijhp_kkZ mqZklbyh[mqZxsboky\ijhp_kkZoij_h[jZah\ZgbykhpbZevghckj_^u gZk_ezggh]himgdlZjZajZ[hldbbj_ZebaZpbbkhpbZevguoijh_dlh\bijh]jZff jZa\blbymh[mqZxsbokyhiulZkZfhklhyl_evghcb l\hjq_kdhc^_yl_evghklb h[jZah\Zl_evghcmq_[ghbkke_^h\Zl_evkdhcbijh_dlghckhpbZevghc bgnhjfZpbhgghbkke_^h\Zl_evkdhcom^h`_kl\_gghcb^j jZa\blbyhiulZ h[s_kl\_gghc^_yl_evghklbj_r_gbyfhjZevguo^be_ffb hkms_kl\e_gbygjZ\kl\_ggh]h\u[hjZ N=HK   nhjfbjh\Zgbymh[mqZxsbokyhkgh\ wdheh]bq_kdh]hfure_gbyjZa\blby hiulZijbjh^hhojZgghc^_yl_evghklb [_ahiZkgh]h^ey q_eh\_dZbhdjm`Zxs_c_]h kj_^uh[jZaZ`bagb   bkihevah\Zgby\h[jZah\Zl_evghfijhp_kk_kh\j_f_gguoh[jZah\Zl_evguo l_ogheh]bc h[gh\e_gbykh^_j`Zgbyhkgh\ghch[jZah\Zl_evghcijh]jZffuf_lh^bd bl_ogheh]bc_zj_ZebaZpbb\khhl\_lkl\bbk^bgZfbdhcjZa\blbykbkl_fu h[jZah\ZgbyaZijhkh\h[mqZxsbokybbojh^bl_e_c aZdhgguoij_^klZ\bl_e_c\fk mqzlhfhkh[_gghkl_cjZa\blbykm[t_dlZJhkkbckdhcN_^_jZpbb wnn_dlb\gh]hbkihevah\Zgbyijhn_kkbhgZevgh]hbl\hjq_kdh]hihl_gpbZeZ i_^Z]h]bq_kdbobjmdh\h^ysbojZ[hlgbdh\h[jZah\Zl_evgh]hmqj_`^_gby ih\ur_gbyboijhn_kkbhgZevghcdhffmgbdZlb\ghcbgnhjfZpbhgghcbijZ\h\hc dhfi_l_glghklb wnn_dlb\gh]hmijZ\e_gbyh[jZah\Zl_evgufmqj_`^_gb_fkbkihevah\Zgb_f bgnhjfZpbhgghdhffmgbdZpbhgguol_ogheh]bckh\j_f_gguof_oZgbafh\ nbgZgkbjh\Zgby Lj_[h\ZgbyddZ^jh\ufmkeh\byfj_ZebaZpbbhkgh\ghch[jZah\Zl_evghc ijh]jZffu\dexqZxl mdhfie_dlh\Zgghklvh[jZah\Zl_evgh]hmqj_`^_gbyi_^Z]h]bq_kdbfb jmdh\h^ysbfbbbgufbjZ[hlgbdZfb mjh\_gvd\ZebnbdZpbbi_^Z]h]bq_kdbojmdh\h^ysbobbguojZ[hlgbdh\ h[jZah\Zl_evgh]hmqj_`^_gby g_ij_ju\ghklvijhn_kkbhgZevgh]h jZa\blby i_^Z]h]bq_kdbob jmdh\h^ysbojZ[hlgbdh\h[jZah\Zl_evgh]hmqj_`^_gbyj_Zebamxs_]hhkgh\gmx h[jZah\Zl_evgmxijh]jZffm H[jZah\Zl_evgh_mqj_`^_gb_j_Zebamxs__hkgh\gmxh[jZah\Zl_evgmx ijh]jZffm^he`gh[ulvmdhfie_dlh\Zghd\Zebnbpbjh\ZggufbdZ^jZfb Mjh\_gvd\ZebnbdZpbbjZ[hlgbdh\h[jZah\Zl_evgh]hmqj_`^_gbyj_Zebamxs_]h hkgh\gmxh[jZah\Zl_evgmxijh]jZffm^eydZ`^hcaZgbfZ_fhc^he`ghklb ^he`_gkhhl\_lkl\h\Zlvd\ZebnbdZpbhggufoZjZdl_jbklbdZfihkhhl\_lkl\mxs_c ^he`ghklb Khhl\_lkl\b_mjh\gyd\ZebnbdZpbbjZ[hlgbdh\h[jZah\Zl_evgh]h mqj_`^_gbyj_Zebamxs_]hhkgh\gmxh[jZah\Zl_evgmxijh]jZffmlj_[h\Zgbyf ij_^ty\ey_fufdd\ZebnbdZpbhggufdZl_]hjbyf i_j\hcbeb\ukr_c\fZlZd`_ aZgbfZ_fufbfb^he`ghklyfmklZgZ\eb\Z_lkyijbboZll_klZpbb D\ZebnbdZpbyi_^Z]h]bq_kdbojZ[hlgbdh\h[jZah\Zl_evguomqj_`^_gbc ^he`gZhljZ`Zlv dhfi_l_glghklv\khhl\_lkl\mxsboij_^f_lguoh[eZklyoagZgbybf_lh^Zo h[mq_gby knhjfbjh\Zgghklv]mfZgbklbq_kdhcihabpbbihablb\ghcgZijZ\e_gghklbgZ i_^Z]h]bq_kdmx^_yl_evghklv h[smxdmevlmjmhij_^_eyxsmxoZjZdl_jbklbevi_^Z]h]bq_kdhc ^_yl_evghklb\ebyxsmxgZmki_rghklvi_^Z]h]bq_kdh]hh[s_gbybihabpbx i_^Z]h]Z kZfhhj]Zgbah\ZgghklvwfhpbhgZevgmxmklhcqb\hklv N=HK   JZ[hlgbdbh[jZah\Zl_evgh]hmqj_`^_gbyg_bf_xsb_g_h[oh^bfh]h ^ey \uiheg_gby^he`ghklguoh[yaZgghkl_cmjh\gyijhn_kkbhgZevghcih^]hlh\db m^hklh\_jy_fh]h^hdmf_glZfbh[h[jZah\Zgbb ^he`guijhclbi_j_ih^]hlh\dm kihke_^mxs_cZll_klZpb_cgZkhhl\_lkl\b_aZgbfZ_fhc^he`ghklb  Ijhn_kkbhgZevgZyi_j_ih^]hlh\dZ^ey\uiheg_gbygh\h]h\b^Zijhn_kkbhgZevghc ^_yl_evghklbhkms_kl\ey_lkygZhkgh\ZgbbmklZgh\e_gguod\ZebnbdZpbhgguo lj_[h\Zgbcddhgdj_lgufijhn_kkbyfbeb^he`ghklyf Mi_^Z]h]bq_kdh]hjZ[hlgbdZj_Zebamxs_]hhkgh\gmxh[jZah\Zl_evgmx ijh]jZffm^he`gu[ulvknhjfbjh\Zguhkgh\gu_dhfi_l_gpbbg_h[oh^bfu_ ^eyh[_ki_q_gbyj_ZebaZpbblj_[h\ZgbcKlZg^ZjlZbmki_rgh]h^hklb`_gby h[mqZxsbfbkyieZgbjm_fuoj_amevlZlh\hk\h_gbyhkgh\ghch[jZah\Zl_evghc ijh]jZffu\lhfqbke_mf_gby h[_ki_qb\Zlvmkeh\by^eymki_rghc^_yl_evghklbihablb\ghcfhlb\ZpbbZ lZd`_kZfhfhlb\bjh\Zgbyh[mqZxsboky hkms_kl\eylvkZfhklhyl_evgucihbkdbZgZebabgnhjfZpbbkihfhsvx kh\j_f_gguobgnhjfZpbhgghihbkdh\uol_ogheh]bc jZajZ[Zlu\Zlvijh]jZffumq_[guoij_^f_lh\dmjkh\f_lh^bq_kdb_b ^b^Zdlbq_kdb_fZl_jbZeu\u[bjZlvmq_[gbdbbmq_[ghf_lh^bq_kdmxebl_jZlmjm j_dhf_g^h\Zlvh[mqZxsbfky^hihegbl_evgu_bklhqgbdbbgnhjfZpbb\lhfqbke_ bgl_jg_lj_kmjku \uy\eylvbhljZ`Zlv\hkgh\ghch[jZah\Zl_evghcijh]jZff_ki_pbnbdm hkh[uoh[jZah\Zl_evguoihlj_[ghkl_c \dexqZyj_]bhgZevgu_gZpbhgZevgu_ b beb\fwlghdmevlmjgu_ebqghklgu_\lhfqbke_ihlj_[ghklbh^Zj_gguo^_l_c ^_l_ckh]jZgbq_ggufb\hafh`ghklyfba^hjh\vyb^_l_cbg\Zeb^h\\f hj]Zgbah\u\Zlvbkhijh\h`^Zlvmq_[ghbkke_^h\Zl_evkdmxbijh_dlgmx ^_yl_evghklvh[mqZxsboky\uiheg_gb_bfbbg^b\b^mZevgh]hijh_dlZ j_Zebah\u\Zlvi_^Z]h]bq_kdh_hp_gb\Zgb_^_yl_evghklbh[mqZxsboky \khhl\_lkl\bbklj_[h\ZgbyfbKlZg^ZjlZ\dexqZyijh\_^_gb_klZjlh\hcb ijhf_`mlhqghc^bZ]ghklbdb\gmljbrdhevgh]hfhgblhjbg]Zhkms_kl\e_gb_ dhfie_dkghchp_gdbkihkh[ghklbh[mqZxsbokyj_rZlvmq_[ghijZdlbq_kdb_ bmq_[ghihagZ\Zl_evgu_aZ^Zqbbkihevah\Zgb_klZg^Zjlbabjh\Zgguob g_klZg^Zjlbabjh\ZgguojZ[hlijh\_^_gb_bgl_jij_lZpbbj_amevlZlh\^hklb`_gbc h[mqZxsboky bkihevah\Zlv\hafh`ghklbBDLjZ[hlZlvkl_dklh\ufbj_^ZdlhjZfb we_dljhggufblZ[ebpZfbwe_dljhgghcihqlhcb[jZma_jZfbfmevlbf_^bcguf h[hjm^h\Zgb_f G_ij_ju\ghklvijhn_kkbhgZevgh]hjZa\blbyi_^Z]h]bq_kdbojZ[hlgbdh\ h[jZah\Zl_evgh]hmqj_`^_gby^he`gZh[_ki_qb\Zlvkyhk\h_gb_fbfb \lhf qbke_ihkj_^kl\hfwe_dljhggh]hh[mq_gbykijbf_g_gb_f^bklZgpbhgguo h[jZah\Zl_evguol_ogheh]bc ^hihegbl_evguoijhn_kkbhgZevguoh[jZah\Zl_evguo ijh]jZff\h[tzf_g_f_g__qZkh\bg_j_`_h^gh]hjZaZ\e_l\ h[jZah\Zl_evguomqj_`^_gbyobf_xsboebp_gabxgZhkms_kl\e_gb_ h[jZah\Zl_evghc^_yl_evghklbih^hihegbl_evgufijhn_kkbhgZevguf h[jZah\Zl_evgufijh]jZffZf N=HK   h[jZah\Zl_evghfmqj_`^_gbb  j_Zebamxs_fhkgh\gmxh[jZah\Zl_evgmx ijh]jZffm^he`gu[ulvkha^Zgumkeh\by^ey j_ZebaZpbbwe_dljhggh]hh[mq_gbyijbf_g_gby^bklZgpbhgguo h[jZah\Zl_evguol_ogheh]bc ZlZd`_k_l_\h]h\aZbfh^_ckl\bykh[jZah\Zl_evgufb mqj_`^_gbyfbh[_ki_qb\Zxsbfb\hafh`ghklv\hkiheg_gbyg_^hklZxsbo dZ^jh\uoj_kmjkh\ hdZaZgbyihklhygghcgZmqghl_hj_lbq_kdhcf_lh^bq_kdhcbbgnhjfZpbhgghc ih^^_j`dbi_^Z]h]bq_kdbojZ[hlgbdh\ih\hijhkZfj_ZebaZpbbhkgh\ghc h[jZah\Zl_evghcijh]jZffubkihevah\Zgbybggh\Zpbhggh]hhiulZ^jm]bo h[jZah\Zl_evguomqj_`^_gbc klbfmebjh\Zgbyg_ij_ju\gh]hih\ur_gbymjh\gyd\ZebnbdZpbb i_^Z]h]bq_kdbojZ[hlgbdh\bof_lh^heh]bq_kdhcdmevlmjuebqghklgh]h ijhn_kkbhgZevgh]hjhklZbkihevah\Zgbybfbkh\j_f_gguoi_^Z]h]bq_kdbo l_ogheh]bc ih\ur_gbywnn_dlb\ghklbbdZq_kl\Zi_^Z]h]bq_kdh]hljm^Z \uy\e_gbyjZa\blbybbkihevah\Zgbyihl_gpbZevguo\hafh`ghkl_c i_^Z]h]bq_kdbojZ[hlgbdh\ hkms_kl\e_gbyfhgblhjbg]Zj_amevlZlh\i_^Z]h]bq_kdh]hljm^Z \uy\e_gbyjZa\blbybbkihevah\Zgbyihl_gpbZevguo\hafh`ghkl_c i_^Z]h]bq_kdbojZ[hlgbdh\ hkms_kl\e_gbyfhgblhjbg]Zj_amevlZlh\i_^Z]h]bq_kdh]hljm^Z NbgZgkh\u_mkeh\byj_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu ^he`gu h[_ki_qb\Zlv]hkm^Zjkl\_ggu_]ZjZglbbijZ\]jZ`^ZggZihemq_gb_ [_kieZlgh]hh[s_^hklmigh]hkj_^g_]h ihegh]h\fh[s_]hh[jZah\Zgby h[_ki_qb\Zlvh[jZah\Zl_evghfmmqj_`^_gbx\hafh`ghklvbkiheg_gby lj_[h\ZgbcKlZg^ZjlZ h[_ki_qb\Zlvj_ZebaZpbxh[yaZl_evghcqZklbhkgh\ghch[jZah\Zl_evghc ijh]jZffubqZklbnhjfbjm_fhcmqZklgbdZfbh[jZah\Zl_evgh]hijhp_kkZ\dexqZy \uiheg_gb_bg^b\b^mZevguoijh_dlh\b\g_mjhqgmx^_yl_evghklv hljZ`Zlvkljmdlmjmbh[tzfjZkoh^h\g_h[oh^bfuo^eyj_ZebaZpbbhkgh\ghc h[jZah\Zl_evghcijh]jZffuZlZd`_f_oZgbafbonhjfbjh\Zgby NbgZgkh\h_h[_ki_q_gb_j_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu [x^`_lgh]hb beb\fZ\lhghfgh]hmqj_`^_gbyhkms_kl\ey_lkybkoh^ybajZkoh^guo h[yaZl_evkl\gZhkgh\_]hkm^Zjkl\_ggh]h fmgbpbiZevgh]h\faZ^Zgbymqj_^bl_eyih hdZaZgbx]hkm^Zjkl\_gguo fmgbpbiZevguo\fh[jZah\Zl_evguomkem]\khhl\_lkl\bb klj_[h\ZgbyfbKlZg^ZjlZ kemqZ_j_ZebaZpbbhkgh\ghch[jZah\Zl_evghcijh]jZffu\dZazgghf mqj_`^_gbbmqj_^bl_evh[_ki_qb\Z_lnbgZgkbjh\Zgb__]h^_yl_evghklbgZhkgh\_ jZkij_^_e_gby[x^`_lguoZkkb]gh\Zgbcihkf_l_kmqzlhfh[tzfh\^hoh^h\hl ijbghkys_c^hoh^^_yl_evghklb =hkm^Zjkl\_ggh_ fmgbpbiZevgh_\faZ^Zgb_mqj_^bl_eyihhdZaZgbx ]hkm^Zjkl\_gguo fmgbpbiZevguo\fh[jZah\Zl_evguomkem]^he`ghh[_ki_qb\Zlv khhl\_lkl\b_ihdZaZl_e_ch[tzfh\bdZq_kl\Zij_^hklZ\ey_fuoh[jZah\Zl_evgufb N=HK   mqj_`^_gbyfb^Zgguomkem]jZaf_jZfgZijZ\ey_fuogZwlbp_ebkj_^kl\[x^`_lZ khhl\_lkl\mxs_]hmjh\gyIhdZaZl_eboZjZdl_jbamxsb_j_ZebaZpbxlj_[h\Zgbc KlZg^ZjlZijbhdZaZgbbh[jZah\Zl_evgufbmqj_`^_gbyfbh[jZah\Zl_evguomkem] ^he`guhljZ`ZlvbofZl_jbZevghl_ogbq_kdh_h[_ki_q_gb_gZebqb_bkhklhygb_ bfms_kl\Zd\ZebnbdZpbxbhiuljZ[hlgbdh\ Nhjfbjh\Zgb_]hkm^Zjkl\_ggh]h fmgbpbiZevgh]h\faZ^ZgbyihhdZaZgbx h[jZah\Zl_evguomkem]^he`ghhkms_kl\eylvky\ihjy^d_mklZgh\e_gghf khhl\_lkl\_gghijbgZ^e_`ghklbmqj_`^_gbc\fIjZ\bl_evkl\hfJhkkbckdhc N_^_jZpbbhj]ZgZfbbkihegbl_evghc\eZklbkm[t_dlh\JhkkbckdhcN_^_jZpbb bhj]ZgZfbf_klgh]hkZfhmijZ\e_gbygZkjhd^h]h^Z\kemqZ_ml\_j`^_gby [x^`_lZgZhq_j_^ghcnbgZgkh\uc]h^bgZkjhd^he_l\kemqZ_ml\_j`^_gby [x^`_lZgZhq_j_^ghcnbgZgkh\uc]h^bieZgh\uci_jbh^k\hafh`guf mlhqg_gb_fijbkhklZ\e_gbbijh_dlZ[x^`_lZ NbgZgkh\h_h[_ki_q_gb_]hkm^Zjkl\_gguo]ZjZglbcgZihemq_gb_ ]jZ`^ZgZfbh[s_^hklmigh]hb[_kieZlgh]hhkgh\gh]hh[s_]hh[jZah\Zgby aZkq_lkj_^kl\khhl\_lkl\mxsbo[x^`_lh\[x^`_lghckbkl_fuJhkkbckdhc N_^_jZpbbhkms_kl\ey_lky\]hkm^Zjkl\_gguobfmgbpbiZevguoh[jZah\Zl_evguo mqj_`^_gbyoZlZd`_\bf_xsbo]hkm^Zjkl\_ggmxZddj_^blZpbx g_]hkm^Zjkl\_gguo qZklguo\fh[jZah\Zl_evguomqj_`^_gbyobhj]ZgbaZpbyogZ hkgh\_ghjfZlb\h\nbgZgkbjh\Zgbyh[jZah\Zl_evguomkem]h[_ki_qb\Zxsbo j_ZebaZpbx^eyh[mqZxs_]hkyhkgh\ghch[jZah\Zl_evghcijh]jZffu\ij_^_eZo KlZg^ZjlZ   GhjfZlb\nbgZgkh\h]hh[_ki_q_gbyfmgbpbiZevguoh[jZah\Zl_evguo mqj_`^_gbcgZh^gh]hh[mqZxs_]hky\hkiblZggbdZ j_]bhgZevgucih^mr_\hc ghjfZlb\nbgZgkh\h]hh[_ki_q_gby\fwlhfbgbfZevgh^himklbfuch[t_f  [x^`_lguoZkkb]gh\Zgbc g_h[oh^bfuo^eyj_ZebaZpbb\h[jZah\Zl_evguo mqj_`^_gbyo^Zggh]hj_]bhgZhkgh\ghch[jZah\Zl_evghcijh]jZffu\khhl\_lkl\bb klj_[h\ZgbyfbKlZg^ZjlZ\jZkq_l_gZh^gh]hh[mqZxs_]hky\]h^hij_^_ey_fuc kmq_lhfgZijZ\e_gghklbh[jZah\Zl_evguoijh]jZffnhjfbijhnbe_ch[mq_gby dZl_]hjbbh[mqZxsboky\b^Zh[jZah\Zl_evgh]hmqj_`^_gbybbguohkh[_gghkl_c h[jZah\Zl_evgh]hijhp_kkZZlZd`_aZljZljZ[hq_]h\j_f_gbi_^Z]h]bq_kdbo jZ[hlgbdh\h[jZah\Zl_evguomqj_`^_gbcgZmjhqgmxb\g_mjhqgmx^_yl_evghklv   J_]bhgZevgucih^mr_\hcghjfZlb\nbgZgkh\h]hh[_ki_q_gby^he`_g mqblu\ZlvkyijbkhklZ\e_gbbijh_dlh\[x^`_lh\^eyieZgbjh\Zgby[x^`_lguo Zkkb]gh\ZgbcgZhdZaZgb_]hkm^Zjkl\_gguo fmgbpbiZevguo\fmkem] \uiheg_gb_ jZ[hl\fkhklZ\e_gbb[x^`_lghckf_ludZa_ggh]hmqj_`^_gbyZlZd`_^ey hij_^_e_gbyh[t_fZkm[kb^bcgZ\uiheg_gb_]hkm^Zjkl\_ggh]h fmgbpbiZevgh]h\f aZ^Zgby[x^`_lgufbebZ\lhghfgufmqj_`^_gb_f   KlZlvy;x^`_lgh]hdh^_dkZJhkkbckdhcN_^_jZpbb Kh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhcN_^_jZpbbkl klklkl\f  ImgdlklZlvbimgdlklZlvbAZdhgZJhkkbckdhcN_^_jZpbbhlbxey]H[h[jZah\Zgbb _^hfhklbKt_a^Z gZjh^guo^_imlZlh\JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZJhkkbckdhcN_^_jZpbbklKh[jZgb_aZdhgh^Zl_evkl\Z JhkkbckdhcN_^_jZpbbklklklklklklkl klklklklklklkl\f N=HK   Hj]Zguf_klgh]hkZfhmijZ\e_gbyhkms_kl\eyxlijbg_h[oh^bfhklb nbgZgkh\h_h[_ki_q_gb_[_kieZlgh]hih^\haZh[mqZxsbokydh[jZah\Zl_evguf mqj_`^_gbyf   Hkms_kl\e_gb_[x^`_lgufb beb\fZ\lhghfgufmqj_`^_gb_fijbghkys_c ^hoh^^_yl_evghklbg_\e_qzlaZkh[hckgb`_gb_ghjfZlb\h\nbgZgkh\h]h h[_ki_q_gbyh[jZah\Zl_evgh]hmqj_`^_gbyaZkqzlkj_^kl\[x^`_lh\[x^`_lghc kbkl_fuJhkkbckdhcN_^_jZpbb   Hj]Zguf_klgh]hkZfhmijZ\e_gby\ijZ\_hkms_kl\eylvaZkqzlkj_^kl\ f_klguo[x^`_lh\nbgZgkh\h_h[_ki_q_gb_ij_^hklZ\e_gbyh[s_]hh[jZah\Zgby fmgbpbiZevgufbh[jZah\Zl_evgufbmqj_`^_gbyfb\qZklbjZkoh^h\gZhieZlm ljm^ZjZ[hlgbdh\h[jZah\Zl_evguohj]ZgbaZpbcjZkoh^h\gZmq_[gbdbbmq_[gu_ ihkh[byl_ogbq_kdb_kj_^kl\Zh[mq_gbyjZkoh^gu_fZl_jbZeubohayckl\_ggu_ gm`^uk\_joghjfZlb\ZnbgZgkh\h]hh[_ki_q_gbymklZgh\e_ggh]hkm[t_dlhf JhkkbckdhcN_^_jZpbb   FZl_jbZevghl_ogbq_kdb_mkeh\byj_ZebaZpbbhkgh\ghch[jZah\Zl_evghc ijh]jZffu^he`guh[_ki_qb\Zlv \f\hafh`ghklv^hklb`_gbyh[mqZxsbfbkymklZgh\e_gguoKlZg^Zjlhf lj_[h\Zgbcdij_^f_lguff_lZij_^f_lgufbebqghklgufj_amevlZlZfhk\h_gby hkgh\ghch[jZah\Zl_evghcijh]jZffu \fkh[ex^_gb_ kZgblZjgh]b]b_gbq_kdboghjfh[jZah\Zl_evgh]hijhp_kkZ lj_[h\Zgby d\h^hkgZ[`_gbxdZgZebaZpbbhk\_s_gbx\ha^mrghl_ieh\hfmj_`bfm jZaf_s_gbxbZjobl_dlmjgufhkh[_gghklyfa^Zgbyh[jZah\Zl_evgh]hmqj_`^_gby _]hl_jjblhjbbhl^_evgufihf_s_gbyfkj_^kl\Zfh[mq_gbymq_[ghfm h[hjm^h\Zgbx\f lj_[h\ZgbcdkZgblZjgh[ulh\ufmkeh\byf h[hjm^h\Zgb_]Zj^_jh[h\ kZgmaeh\f_klebqghc]b]b_gu\f lj_[h\ZgbcdkhpbZevgh[ulh\ufmkeh\byf h[hjm^h\Zgb_\mq_[guo dZ[bg_lZobeZ[hjZlhjbyojZ[hqbof_klmqbl_eybdZ`^h]hh[mqZxs_]hky mqbl_evkdhckjZ[hq_cahghcbf_klZfb^eyhl^uoZdhfgZlikboheh]bq_kdhc jZa]jmadbZ^fbgbkljZlb\guodZ[bg_lh\ ihf_s_gbc\fihf_s_gbc^eyiblZgby h[mqZxsbokyojZg_gbybijb]hlh\e_gbyibsbZlZd`_ijbg_h[oh^bfhklb ljZgkihjlgh_h[_ki_q_gb_h[kem`b\Zgbyh[mqZxsboky\f kljhbl_evguoghjfbijZ\be lj_[h\Zgbcih`Zjghc[_ahiZkghklbbwe_dljh[_ahiZkghklb lj_[h\ZgbchojZgua^hjh\vyh[mqZxsbokybhojZguljm^ZjZ[hlgbdh\ h[jZah\Zl_evguomqj_`^_gbc  ImgdlklZlvbAZdhgZJhkkbckdhcN_^_jZpbbhlbxey]H[h[jZah\Zgbb _^hfhklbKt_a^ZgZjh^guo ^_imlZlh\JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZJhkkbckdhcN_^_jZpbbklKh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhc N_^_jZpbbklklklklklklklkl kl\f  ImgdlklZlvbAZdhgZJhkkbckdhcN_^_jZpbbhlbxey]H[h[jZah\Zgbb _^hfhklbKt_a^ZgZjh^guo ^_imlZlh\JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZJhkkbckdhcN_^_jZpbbklKh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhc N_^_jZpbbklklklklklklkl klkl\f  ImgdlklZlvbAZdhgZJhkkbckdhcN_^_jZpbbhlbxey]H[h[jZah\Zgbb _^hfhklbKt_a^ZgZjh^guo ^_imlZlh\JhkkbckdhcN_^_jZpbbb_joh\gh]hKh\_lZJhkkbckdhcN_^_jZpbbklKh[jZgb_aZdhgh^Zl_evkl\ZJhkkbckdhc N_^_jZpbbklklklklklklkl klkl\f N=HK   lj_[h\ZgbcdljZgkihjlghfmh[kem`b\Zgbxh[mqZxsboky lj_[h\Zgbcdhj]ZgbaZpbb[_ahiZkghcwdkiemZlZpbbmebqgh^hjh`ghck_lb bl_ogbq_kdbokj_^kl\hj]ZgbaZpbb^hjh`gh]h^\b`_gby\f_klZojZkiheh`_gby h[s_h[jZah\Zl_evguomqj_`^_gbc lj_[h\Zgbcdhj]ZgbaZpbb[_ahiZkghcwdkiemZlZpbbkihjlb\guokhhjm`_gbc kihjlb\gh]hbg\_glZjybh[hjm^h\Zgbybkihevam_fh]h\h[s_h[jZah\Zl_evguo mqj_`^_gbyo mklZgh\e_gguokjhdh\bg_h[oh^bfuoh[tzfh\l_dms_]hbdZiblZevgh]h j_fhglZ \fZjobl_dlmjgmx^hklmighklv \hafh`ghklv^ey[_kij_iylkl\_ggh]h^hklmiZ h[mqZxsbokykh]jZgbq_ggufb\hafh`ghklyfba^hjh\vybbg\Zeb^h\dh[t_dlZf bgnjZkljmdlmjuh[jZah\Zl_evgh]hmqj_`^_gby\f A^Zgb_h[jZah\Zl_evgh]hmqj_`^_gbygZ[hjbjZaf_s_gb_ihf_s_gbc ^eyhkms_kl\e_gbyh[jZah\Zl_evgh]hijhp_kkZZdlb\ghc^_yl_evghklbhl^uoZ iblZgbybf_^bpbgkdh]hh[kem`b\Zgbyh[mqZxsbokyboiehsZ^vhk\_s_gghklvb \ha^mrghl_ieh\hcj_`bfjZkiheh`_gb_bjZaf_jujZ[hqbomq_[guoahgbahg ^eybg^b\b^mZevguoaZgylbc^he`gukhhl\_lkl\h\Zlv]hkm^Zjkl\_ggufkZgblZjgh wib^_fbheh]bq_kdbfijZ\beZfbghjfZlb\Zfbh[_ki_qb\Zlv\hafh`ghklv [_ahiZkghcbdhfnhjlghchj]ZgbaZpbb\k_o\b^h\mjhqghcb\g_mjhqghc ^_yl_evghklb^ey\k_omqZklgbdh\h[jZah\Zl_evgh]hijhp_kkZ H[jZah\Zl_evgh_mqj_`^_gb_j_Zebamxs__hkgh\gmxh[jZah\Zl_evgmx ijh]jZffm^he`ghh[_ki_qblvg_h[oh^bfu_^eyh[jZah\Zl_evghc^_yl_evghklb h[mqZxsboky \lhfqbke_^_l_ckh]jZgbq_ggufb\hafh`ghklyfba^hjh\vyb ^_l_cbg\Zeb^h\ZlZd`_h^Zjzgguo^_l_c\fZ^fbgbkljZlb\ghcbohayckl\_gghc ^_yl_evghklb mq_[gu_dZ[bg_lukZ\lhfZlbabjh\ZggufbjZ[hqbfbf_klZfbh[mqZxsbokyb i_^Z]h]bq_kdbojZ[hlgbdh\ ihf_s_gby^eyaZgylbcmq_[ghbkke_^h\Zl_evkdhcbijh_dlghc ^_yl_evghklvxfh^_ebjh\Zgb_fbl_ogbq_kdbfl\hjq_kl\hf eZ[hjZlhjbbb fZkl_jkdb_\ffmaudhcbbah[jZabl_evgufbkdmkkl\hfZlZd`_^jm]bfbmq_[gufb dmjkZfbbdmjkZfb\g_mjhqghc^_yl_evghklbih\u[hjmh[mqZxsboky p_oZbfZkl_jkdb_\khhl\_lkl\bbkijhnbeyfbh[mq_gbyh[_ki_qb\Zxsb_ mkeh\byljm^Z\khhl\_lkl\bbk kZgblZjghwib^_fbheh]bq_kdbfblj_[h\Zgbyfbd [_ahiZkghklbmkeh\bcljm^ZjZ[hlgbdh\g_^hklb]rboe_lg_]h\hajZklZ   bgnhjfZpbhggh[b[ebhl_qgu_p_gljukjZ[hqbfbahgZfbh[hjm^h\Zggufb qblZevgufbaZeZfbbdgb]hojZgbebsZfbh[_ki_qb\ZxsbfbkhojZgghklvdgb`gh]h nhg^Zf_^bZl_dhc Zdlh\u_kihjlb\gu_bohj_h]jZnbq_kdb_aZeukihjlb\gu_khhjm`_gby dhfie_dkuaZeu[Zkk_cguklZ^bhgukihjlb\gu_iehsZ^dblbjuhkgZszggu_ b]jh\ufkihjlb\gufh[hjm^h\Zgb_fbbg\_glZjzf\fZ\lh]hjh^db ihf_s_gby^eyiblZgbyh[mqZxsbokyZlZd`_^eyojZg_gbybijb]hlh\e_gby ibsbh[_ki_qb\Zxsb_\hafh`ghklvhj]ZgbaZpbbdZq_kl\_ggh]h]hjyq_]hiblZgby  KZgblZjghwib^_fbheh]bq_kdb_ijZ\beZbghjfZlb\uKZgIbGKZgblZjghwib^_fbheh]bq_kdb_lj_[h\Zgbyd [_ahiZkghklbmkeh\bcljm^ZjZ[hlgbdh\g_^hklb]rboe_lg_]h\hajZklZml\_j`^_ggu_ihklZgh\e_gb_f=eZ\gh]h]hkm^Zjkl\_ggh]h kZgblZjgh]h\jZqZJhkkbckdhcN_^_jZpbbhlk_gly[jy] aZj_]bkljbjh\ZghFbgbkl_jkl\hfxklbpbbJhkkbckdhcN_^_jZpbb ghy[jy]j_]bkljZpbhggucJhkkbckdZy]Za_lZ\f N=HK   \lhfqbke_]hjyqboaZ\ljZdh\hl\_qZxsb_ kZgblZjghwib^_fbheh]bq_kdbf lj_[h\Zgbyfdhj]ZgbaZpbbiblZgbyh[mqZxsboky\h[s_h[jZah\Zl_evguo mqj_`^_gbyomqj_`^_gbyogZqZevgh]hbkj_^g_]hijhn_kkbhgZevgh]h h[jZah\Zgby   ihf_s_gbyf_^bpbgkdh]hgZagZq_gbyhl\_qZxsb_kZgblZjgh wib^_fbheh]bq_kdbflj_[h\Zgbyf dhj]ZgbaZpbyfhkms_kl\eyxsbff_^bpbgkdmx ^_yl_evghklv   Z^fbgbkljZlb\gu_bbgu_ihf_s_gbyhkgZszggu_g_h[oh^bfuf h[hjm^h\Zgb_f\lhfqbke_^eyhj]ZgbaZpbbmq_[gh]hijhp_kkZk^_lvfb bg\Zeb^Zfbb^_lvfbkh]jZgbq_ggufb\hafh`ghklyfba^hjh\vy ]Zj^_jh[ukZgmaeuf_klZebqghc]b]b_gu mqZklhd l_jjblhjbx\fkg_h[oh^bfufgZ[hjhfh[hjm^h\Zgguoahg ihegu_dhfie_dlul_ogbq_kdh]hhkgZs_gbybh[hjm^h\Zgby\dexqZy jZkoh^gu_fZl_jbZeuh[_ki_qb\Zxsb_bamq_gb_mq_[guoij_^f_lh\dmjkh\b dmjkh\\g_mjhqghc^_yl_evghklb\khhl\_lkl\bbkmq_[gufbieZgZfbbieZgZfb \g_mjhqghc^_yl_evghklb f_[_ev hnbkgh_hkgZs_gb_bohayckl\_ggucbg\_glZjv FZl_jbZevghl_ogbq_kdh_hkgZs_gb_h[jZah\Zl_evgh]hijhp_kkZ^he`gh h[_ki_qb\Zlv\hafh`ghklv j_ZebaZpbbbg^b\b^mZevguomq_[guoieZgh\h[mqZxsbokyhkms_kl\e_gby kZfhklhyl_evghcihagZ\Zl_evghc^_yl_evghklbh[mqZxsboky \dexq_gbyh[mqZxsboky\ijh_dlgmxbmq_[ghbkke_^h\Zl_evkdmx ^_yl_evghklvijh\_^_gbygZ[ex^_gbcbwdki_jbf_glh\\lhfqbke_ kbkihevah\Zgb_fmq_[gh]heZ[hjZlhjgh]hh[hjm^h\Zgbypbnjh\h]h we_dljhggh]h\f bljZ^bpbhggh]hbaf_j_gby\bjlmZevguoeZ[hjZlhjbc\_s_kl\_gguob \bjlmZevghgZ]ey^guofh^_e_cbdhee_dpbchkgh\guofZl_fZlbq_kdbob _kl_kl\_gghgZmqguoh[t_dlh\by\e_gbc om^h`_kl\_ggh]hl\hjq_kl\Zkbkihevah\Zgb_fkh\j_f_gguobgkljmf_glh\b l_ogheh]bcj_ZebaZpbbom^h`_kl\_gghhnhjfbl_evkdbobba^Zl_evkdboijh_dlh\ kha^ZgbyfZl_jbZevguobbgnhjfZpbhgguoh[t_dlh\kbkihevah\Zgb_f jmqguobgkljmf_glh\bwe_dljhbgkljmf_glh\ijbf_gy_fuo\ba[jZgguo^ey bamq_gbyjZkijhkljZgzgguol_ogheh]byo bg^mkljbZevguok_evkdhohayckl\_gguo l_ogheh]bc\_^_gby^hfZbgnhjfZpbhgguobdhffmgbdZpbhgguol_ogheh]byo\f jZa\blbyebqgh]hhiulZijbf_g_gbymgb\_jkZevguomq_[guo^_ckl\bc \wdheh]bq_kdbhjb_glbjh\ZgghckhpbZevghc^_yl_evghklbwdheh]bq_kdh]h fure_gbybwdheh]bq_kdhcdmevlmju ijh_dlbjh\Zgbybdhgkljmbjh\Zgby\lhfqbke_fh^_e_ckpbnjh\uf mijZ\e_gb_fbh[jZlghck\yavxkbkihevah\Zgb_fdhgkljmdlhjh\mijZ\e_gby h[t_dlZfbijh]jZffbjh\Zgby   KZgblZjghwib^_fbheh]bq_kdb_ijZ\beZbghjfZlb\u KZgIbG  KZgblZjghwib^_fbheh]bq_kdb_lj_[h\Zgbyd hj]ZgbaZpbbiblZgbyh[mqZxsboky\h[s_h[jZah\Zl_evguomqj_`^_gbyomqj_`^_gbyogZqZevgh]hbkj_^g_]hijhn_kkbhgZevgh]hh[jZah\Zgby ml\_j`^_ggu_ihklZgh\e_gb_f=eZ\gh]h]hkm^Zjkl\_ggh]hkZgblZjgh]h\jZqZJhkkbckdhcN_^_jZpbbhlbxey] aZj_]bkljbjh\Zgh Fbgbkl_jkl\hfxklbpbbJhkkbckdhcN_^_jZpbbZ\]mklZ]j_]bkljZpbhggucJhkkbckdZy]Za_lZ\f   KZgblZjghwib^_fbheh]bq_kdb_ijZ\beZbghjfZlb\uKZgIbGKZgblZjghwib^_fbheh]bq_kdb_lj_[h\Zgbyd hj]ZgbaZpbyfhkms_kl\eyxsbff_^bpbgkdmx^_yl_evghklvml\_j`^_ggu_ihklZgh\e_gb_f=eZ\gh]h]hkm^Zjkl\_ggh]hkZgblZjgh]h \jZqZJhkkbckdhcN_^_jZpbbhlfZy] aZj_]bkljbjh\ZghFbgbkl_jkl\hfxklbpbbJhkkbckdhcN_^_jZpbbZ\]mklZ] j_]bkljZpbhgguc;xee_l_gvghjfZlb\guoZdlh\n_^_jZevguohj]Zgh\bkihegbl_evghc\eZklb\f N=HK   gZ[ex^_gbygZ]ey^gh]hij_^klZ\e_gbybZgZebaZ^Zgguobkihevah\Zgby pbnjh\uoieZgh\bdZjlkimlgbdh\uobah[jZ`_gbc nbabq_kdh]hjZa\blbykbkl_fZlbq_kdboaZgylbcnbabq_kdhcdmevlmjhcb kihjlhfmqZklby\nbadmevlmjghkihjlb\guobha^hjh\bl_evguof_jhijbylbyo bkiheg_gbykhqbg_gbybZjZg`bjh\dbfmaudZevguoijhba\_^_gbc kijbf_g_gb_fljZ^bpbhgguogZjh^guobkh\j_f_gguobgkljmf_glh\bpbnjh\uo l_ogheh]bc aZgylbcihbamq_gbxijZ\be^hjh`gh]h^\b`_gbykbkihevah\Zgb_fb]j h[hjm^h\ZgbyZlZd`_dhfivxl_jguol_ogheh]bc  jZaf_s_gbyijh^mdlh\ihagZ\Zl_evghcmq_[ghbkke_^h\Zl_evkdhcb ijh_dlghc^_yl_evghklbh[mqZxsboky\bgnhjfZpbhgghh[jZah\Zl_evghckj_^_ h[jZah\Zl_evgh]hmqj_`^_gby ijh_dlbjh\Zgbybhj]ZgbaZpbbbg^b\b^mZevghcb]jmiih\hc^_yl_evghklb hj]ZgbaZpbbk\h_]h\j_f_gbkbkihevah\Zgb_fBDLieZgbjh\Zgby h[jZah\Zl_evgh]hijhp_kkZnbdkbjh\Zgby_]hj_ZebaZpbb\p_ehfbgZhl^_evguo wlZiZo \uy\e_gbybnbdkbjh\Zgby ^bgZfbdbijhf_`mlhqguobblh]h\uo j_amevlZlh\ h[_ki_q_gby^hklmiZ\rdhevghc[b[ebhl_d_dbgnhjfZpbhggufj_kmjkZf Bgl_jg_lZmq_[ghcbom^h`_kl\_gghcebl_jZlmj_dhee_dpbyff_^bZj_kmjkh\ gZwe_dljhgguoghkbl_eyodfgh`bl_evghcl_ogbd_^eylbjZ`bjh\Zgbymq_[guo bf_lh^bq_kdbol_dklh]jZnbq_kdbobZm^bh\b^_hfZl_jbZeh\j_amevlZlh\ l\hjq_kdhcgZmqghbkke_^h\Zl_evkdhcbijh_dlghc^_yl_evghklbh[mqZxsboky ijh\_^_gbyfZkkh\uof_jhijbylbckh[jZgbcij_^klZ\e_gbc^hkm]Z bh[s_gbyh[mqZxsboky]jmiih\h]hijhkfhljZdbghb\b^_hfZl_jbZeh\ hj]ZgbaZpbbkp_gbq_kdhcjZ[hlul_ZljZebah\Zgguoij_^klZ\e_gbch[_ki_q_gguo ha\mqb\Zgb_fhk\_s_gb_fbfmevlbf_^bcgufkhijh\h`^_gb_f \uimkdZrdhevguoi_qZlguoba^ZgbcjZ[hlurdhevgh]hkZclZ hj]ZgbaZpbbdZq_kl\_ggh]h]hjyq_]hiblZgbyf_^bpbgkdh]hh[kem`b\Zgbyb hl^uoZh[mqZxsbokybi_^Z]h]bq_kdbojZ[hlgbdh\ k_mdZaZggu_\b^u^_yl_evghklb^he`gu[ulvh[_ki_q_gujZkoh^gufb fZl_jbZeZfb Ikboheh]hi_^Z]h]bq_kdb_mkeh\byj_ZebaZpbbhkgh\ghch[jZah\Zl_evghc ijh]jZffu^he`guh[_ki_qb\Zlv ij__fkl\_gghklvkh^_j`Zgbybnhjfhj]ZgbaZpbbh[jZah\Zl_evgh]hijhp_kkZ ihhlghr_gbxdklmi_gbhkgh\gh]hh[s_]hh[jZah\Zgby mqzlki_pbnbdb\hajZklgh]hikbohnbabq_kdh]hjZa\blbyh[mqZxsboky nhjfbjh\Zgb_bjZa\blb_ikboheh]hi_^Z]h]bq_kdhcdhfi_l_glghklb h[mqZxsbokyi_^Z]h]bq_kdbobZ^fbgbkljZlb\guojZ[hlgbdh\jh^bl_e_c aZdhgguoij_^klZ\bl_e_c\f h[mqZxsboky  \ZjbZlb\ghklvgZijZ\e_gbcikboheh]hi_^Z]h]bq_kdh]hkhijh\h`^_gby mqZklgbdh\h[jZah\Zl_evgh]hijhp_kkZ khojZg_gb_bmdj_ie_gb_ ikbobq_kdh]h a^hjh\vyh[mqZxsbokynhjfbjh\Zgb_p_gghklba^hjh\vyb[_ahiZkgh]hh[jZaZ `bagbjZa\blb_wdheh]bq_kdhcdmevlmju^bnn_j_gpbZpbybbg^b\b^mZebaZpby h[mq_gbyfhgblhjbg]\hafh`ghkl_cbkihkh[ghkl_ch[mqZxsboky\uy\e_gb_b N=HK   ih^^_j`dZh^Zjzgguo^_l_c^_l_ckhkh[ufbh[jZah\Zl_evgufbihlj_[ghklyfb ikboheh]hi_^Z]h]bq_kdZyih^^_j`dZmqZklgbdh\hebfibZ^gh]h^\b`_gby h[_ki_q_gb_hkhagZggh]hbhl\_lkl\_ggh]h\u[hjZ^Zevg_cr_cijhn_kkbhgZevghc kn_ju^_yl_evghklbnhjfbjh\Zgb_dhffmgbdZlb\guogZ\udh\\jZagh\hajZklghc kj_^_bkj_^_k\_jklgbdh\ih^^_j`dZ^_lkdboh[t_^bg_gbcmq_gbq_kdh]h kZfhmijZ\e_gby\f ^b\_jkbnbdZpbxmjh\g_cikboheh]hi_^Z]h]bq_kdh]hkhijh\h`^_gby bg^b\b^mZevguc]jmiih\hcmjh\_gvdeZkkZmjh\_gvhj]ZgbaZpbb\f \ZjbZlb\ghklvnhjfikboheh]hi_^Z]h]bq_kdh]hkhijh\h`^_gbymqZklgbdh\ h[jZah\Zl_evgh]hijhp_kkZ ijhnbeZdlbdZ^bZ]ghklbdZdhgkmevlbjh\Zgb_ dhjj_dpbhggZyjZ[hlZjZa\b\ZxsZyjZ[hlZijhk\_s_gb_wdki_jlbaZ\f BgnhjfZpbhgghf_lh^bq_kdb_mkeh\byj_ZebaZpbbhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`guh[_ki_qb\Zlvkykh\j_f_gghcbgnhjfZpbhggh h[jZah\Zl_evghckj_^hc BgnhjfZpbhgghh[jZah\Zl_evgZykj_^Zh[jZah\Zl_evgh]hmqj_`^_gby \dexqZ_ldhfie_dkbgnhjfZpbhgguoh[jZah\Zl_evguoj_kmjkh\\lhfqbke_ pbnjh\u_h[jZah\Zl_evgu_j_kmjkukh\hdmighklvl_ogheh]bq_kdbokj_^kl\BDL dhfivxl_jubgh_bgnhjfZpbhggh_h[hjm^h\Zgb_dhffmgbdZpbhggu_dZgZeu kbkl_fmkh\j_f_gguoi_^Z]h]bq_kdbol_ogheh]bch[_ki_qb\Zxsboh[mq_gb_\ kh\j_f_gghcbgnhjfZpbhgghh[jZah\Zl_evghckj_^_ BgnhjfZpbhgghh[jZah\Zl_evgZykj_^Zh[jZah\Zl_evgh]hmqj_`^_gby^he`gZ h[_ki_qb\Zlv bgnhjfZpbhgghf_lh^bq_kdmxih^^_j`dmh[jZah\Zl_evgh]hijhp_kkZ ieZgbjh\Zgb_hj]ZgbaZpbxh[jZah\Zl_evgh]hijhp_kkZb_]hj_kmjkgh]h h[_ki_q_gby ijh_dlbjh\Zgb_bhj]ZgbaZpbxbg^b\b^mZevghcb]jmiih\hc^_yl_evghklb fhgblhjbg]bnbdkZpbxoh^Zbj_amevlZlh\h[jZah\Zl_evgh]hijhp_kkZ fhgblhjbg]a^hjh\vyh[mqZxsboky kh\j_f_ggu_ijhp_^mjukha^ZgbyihbkdZk[hjZZgZebaZh[jZ[hldb ojZg_gbybij_^klZ\e_gbybgnhjfZpbb ^bklZgpbhggh_\aZbfh^_ckl\b_\k_omqZklgbdh\h[jZah\Zl_evgh]hijhp_kkZ h[mqZxsbokybojh^bl_e_c aZdhgguoij_^klZ\bl_e_c\fi_^Z]h]bq_kdbo jZ[hlgbdh\hj]Zgh\hkms_kl\eyxsbomijZ\e_gb_\ kn_j_h[jZah\Zgby  h[s_kl\_gghklb\f\lhfqbke_kijbf_g_gb_f^bklZgpbhgguoh[jZah\Zl_evguo l_ogheh]bc ^bklZgpbhggh_\aZbfh^_ckl\b_h[jZah\Zl_evgh]hmqj_`^_gbyk^jm]bfb h[jZah\Zl_evgufbmqj_`^_gbyfbmqj_`^_gbyfbdmevlmjua^jZ\hhojZg_gby kihjlZ^hkm]Zkem`[ZfbaZgylhklbgZk_e_gbyh[_ki_q_gby[_ahiZkghklb `bag_^_yl_evghklb Wnn_dlb\gh_bkihevah\Zgb_bgnhjfZpbhgghh[jZah\Zl_evghckj_^u ij_^iheZ]Z_ldhfi_l_glghklvjZ[hlgbdh\h[jZah\Zl_evgh]hmqj_`^_gby\j_r_gbb ijhn_kkbhgZevguoaZ^Zqkijbf_g_gb_fBDLZlZd`_gZebqb_kem`[ih^^_j`db ijbf_g_gbyBDLH[_ki_q_gb_ih^^_j`dbijbf_g_gbyBDLy\ey_lkynmgdpb_c mqj_^bl_eyh[jZah\Zl_evgh]hmqj_`^_gby N=HK   Nmgdpbhgbjh\Zgb_bgnhjfZpbhgghh[jZah\Zl_evghckj_^u^he`gh khhl\_lkl\h\ZlvaZdhgh^Zl_evkl\mJhkkbckdhcN_^_jZpbb Mq_[ghf_lh^bq_kdh_bbgnhjfZpbhggh_h[_ki_q_gb_j_ZebaZpbb hkgh\ghch[jZah\Zl_evghcijh]jZffu\dexqZ_loZjZdl_jbklbdbhkgZs_gby bgnhjfZpbhggh[b[ebhl_qgh]hp_gljZqblZevgh]haZeZmq_[guodZ[bg_lh\b eZ[hjZlhjbcZ^fbgbkljZlb\guoihf_s_gbcrdhevgh]hk_j\_jZrdhevgh]hkZclZ \gmlj_gg_c ehdZevghc\fk_lb\g_rg_c \lhfqbke_]eh[Zevghc\fk_lbbgZijZ\e_gh gZkha^Zgb_rbjhdh]hihklhyggh]hbmklhcqb\h]h^hklmiZ^ey\k_omqZklgbdh\ h[jZah\Zl_evgh]hijhp_kkZdex[hcbgnhjfZpbbk\yaZgghckj_ZebaZpb_chkgh\ghc h[jZah\Zl_evghcijh]jZffu^hklb`_gb_fieZgbjm_fuoj_amevlZlh\hj]ZgbaZpb_c h[jZah\Zl_evgh]hijhp_kkZbmkeh\byfb_]hhkms_kl\e_gby Mq_[ghf_lh^bq_kdh_bbgnhjfZpbhggh_h[_ki_q_gb_j_ZebaZpbbhkgh\ghc h[jZah\Zl_evghcijh]jZffu^he`gh\dexqZlv bgnhjfZpbhggmxih^^_j`dm^_yl_evghklbh[mqZxsbokybi_^Z]h]bq_kdbo jZ[hlgbdh\gZhkgh\_kh\j_f_gguobgnhjfZpbhgguol_ogheh]bc\h[eZklb [b[ebhl_qguomkem] kha^Zgb_b\_^_gb_we_dljhgguodZlZeh]h\biheghl_dklh\uo [Za^Zgguoihbkd^hdmf_glh\ihex[hfmdjbl_jbx^hklmidwe_dljhgguf mq_[guffZl_jbZeZfbh[jZah\Zl_evgufj_kmjkZfBgl_jg_lZ\f mdhfie_dlh\Zgghklvi_qZlgufbbwe_dljhggufbbgnhjfZpbhggh h[jZah\Zl_evgufbj_kmjkZfbih\k_fmq_[gufij_^f_lZfmq_[gh]hieZgZ mq_[gbdZfb\lhfqbke_mq_[gbdZfbkwe_dljhggufbijbeh`_gbyfby\eyxsbfbky bokhklZ\ghcqZklvxmq_[ghf_lh^bq_kdhcebl_jZlmjhcbfZl_jbZeZfbih\k_f mq_[gufij_^f_lZfhkgh\ghch[jZah\Zl_evghcijh]jZffugZhij_^_ezgguo mqj_^bl_e_fh[jZah\Zl_evgh]hmqj_`^_gbyyaudZoh[mq_gby^hihegbl_evghc ebl_jZlmjhc Nhg^^hihegbl_evghcebl_jZlmju^he`_g\dexqZlvhl_q_kl\_ggmxb aZjm[_`gmxdeZkkbq_kdmxbkh\j_f_ggmxom^h`_kl\_ggmxebl_jZlmjmgZmqgh ihimeyjgmxbgZmqghl_ogbq_kdmxebl_jZlmjmba^Zgbyihbah[jZabl_evghfm bkdmkkl\mfmaud_nbabq_kdhcdmevlmj_bkihjlmwdheh]bbijZ\beZf[_ahiZkgh]h ih\_^_gbygZ^hjh]ZokijZ\hqgh[b[ebh]jZnbq_kdb_bi_jbh^bq_kdb_ ba^Zgbykh[jZgb_keh\Zj_cebl_jZlmjmihkhpbZevghfmbijhn_kkbhgZevghfm kZfhhij_^_e_gbxh[mqZxsboky  N=HK

Приложенные файлы


Добавить комментарий