Table des matières

8`X:IG%CV88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888

88 %V RHV_%%J-888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88`XVJ : 1QJRVC:

8`XVJ : 1QJ$XJX`:CVR%G:1J0V`:J R%R%%1$JQJR%VC:78888888888888888888888888888888888888888

88.1C1V%].71_%V88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88QH1QRXHQJQI1V88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88H V%`5HQI]X VJHV5]`Q$`:IIV88888888888888888888888888888888888888888888888888888888888888888888888888888888888

8.1C1V%6:_%: 1_%VV `VQ%`HV]: `1IQJ1:CV888888888888888888888888888888888888888888888888888888888888888888888888

88!QJ V6 V.7R`Q$`:].1_%V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 882QJH 1QJJVIVJ ]1H1HQCV888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88%:HQJ 1J%1 XXHQCQ$1_%V8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88C:JRV:%88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 8 8]WHV1JRX1`:GCV88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  8 8]:HVJ: %`VC`VI:`_%:GCV888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  8 8QJV.%I1RV8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888

8:$VRVCV:%V I1C1V%6:_%: 1_%V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 

88C1IVJ : 1QJVJV:%]Q :GCV8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  88:1J1VIVJ 8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88H 101 X:$`1HQCV888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 88H 101 X`Q`V 1W`V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 8 8H 101 X1JR% `1VCCV8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 8 8`QR%H 1QJ.7R`QXCVH `1_%VV IQ%C1J:$V88888888888888888888888888888888888888888888888888888888888888888888888 8 8` 1:J: 88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888

8 %:C1 XRVV:%6888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888

88%VI:VRV:%R%G:1J0V`:J 8888888888888888888888888888888888888888888888888888888888888888888888888888888888 888G=VH 1`RV_%:C1 XRVC::1`VH 10V!:R`V%`C:%888888888888888888888888888888888888888888888888888888888888 88%X0:C%: 1QJRVI:VRV:%VJ`QJH 1QJRVQG=VH 1`RVC::!8888888888888888888888888888888888888 88%:_%:C1 XRVV:%6VCQJCV :%888888888888888888888888888888888888888888888888888888888888888888888888888888888  8 8%V]C:JRV:%RV%:0:CV V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  8 8%VV:%6RVG:1$J:RV8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 8 8;1C:JR%%101RVC:_%:C1 XRVV:%6%]V``1H1VCCV8888888888888888888888888888888888888888888888888888888888888 8 8:%6Q% V``:1JV8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 

87J .WV88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888HH%]: 1QJR%QCV QH1QRXHQJQI1V88888888888888888888888888888888888888888888888888888888888888888888888888888888  88

8:X V`I1J: 1QJRVI:J_%V88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888

88IXC1Q`: 1QJRVHQJJ:1:JHV.7RQ$XQCQ$1_%V888888888888888888888888888888888888888888888888888888888888 88.1VVJ]C:HVR%J]`Q QHQCVRV%101RVV:%6%]V``1H1VCCV88888888888888888888888888888888888888888888 88%;X %RVRVRX V`I1J: 1QJRV0QC%IVI:61I%I]`XCV0:GCV8888888888888888888888888888888888888888888 88%:RX V`I1J: 1QJRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L Index personnalisé !:` V71I1 V:RI1J1 `: 10V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V7!QCCVH 101 X:R.X`VJ V:%'!88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V7XQCQ$1V88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V7`:JRVJVIGCV]:7:$V`888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 7-Q]%C: 1QJHQII%J:CVVJ 8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 70VJ1 XRV]Q]%C: 1QJV X0QC% 1QJVJ `V V  888888888888888888888888888888888888888888888888888888888 !:` V 72HH%]: 1QJRVQCVJ 888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 7%``:HV$`1HQCV 1CVHQII%J:CVVJ8888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 7510V:%R1J VJ1`1H: 1QJ:$`1HQCVR%G:1J0V`:J VJ888888888888888888888888888888888888888888888888888 !:` V77X]:` 1 1QJRV]`1JH1]:%6XCV0:$V]:`HQII%JV88888888888888888888888888888888888888888888888888888888888888 !:` V7!:]:H1 XR:HH%V1C Q%`1 1_%V]:`HQII%JV88888888888888888888888888888888888888888888888888888888888888888888888 !:` V70QH%IVJ R%`G:J1IVHQII%J:%6V 1J V`HQII%J:%688888888888888888888888888888888888888888888888888  !:` V70XI:`H.VHQJ `:H %VCCVRV$V 1QJRVI1C1V%6:_%: 1_%V%`CVG:1J0V`:J 888888888888  !:` V7C1I1 `Q].V:%R%1$JQJR%VC:78888888888888888888888888888888888888888888888888888888888888888888888 !:` V 77XV:%.7R`Q$`:].1_%V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 7Q%G:1J0V`:J 888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 72G :HCV;CXHQ%CVIVJ 8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  !:` V 7 : 1QJRVIV%`V.7R`QCQ$1_%V88888888888888888888888888888888888888888888888888888888888888888888888888888888888888  !:` V 771_%VR1JQJR: 1QJ5--7'V `1_%VRV`%] %`VRVG:``:$V88888888888888888888888888888888888888888888888888 !:` V7!QJ V6 V]1H1HQCV88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V7'JR1HV-Q1QJ7101W`V888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V7]WHVVJ0:.1:J V8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  !:` V7]:HVJ: %`VC`VI:`_%:GCV888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888  !:` V71 V5: %`:888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888 !:` V 7'J0VJ :1`VRV588888888888888888888888888888888888888888888888888888888888888888888888888888888  !:` V 7=%:C1 XRVV:%6]:`C:C X`: 1QJ'>08888888888888888888888888888888888888888888888888888888888888888888888888888888888  %1 VRV :GCV:%6

?:GCV:%7;V%`VHCV`R%0Q1`V>`V :$JVR %`CVG:1J0V`:J 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ?:GCV:%72G=VH 1`V H:R`V`X$CVIVJ :1`VR%HC:VIVJ R C1 VV RVHQ%`RV:%

?:GCV:%7!C:VIVJ :H %VCV ]`Q]Q1 1QJRVHC:VIVJ RVHQ%`RV:%R%R%1$JQJR%VC:7

?:GCV:%7A1J:JHV%`RVCXC:GQ`: 1QJRV `:0:%6RVC:!R%

?:GCV:% 7;Q7VJJVIVJ%VCCVRV]`XH1]1 : 1QJVJ `V=:J01V` V RXHVIG`V

?:GCV:% 7?7]VR'!-:% Q`1XVVJ%`CVHQII%JVR%

?:GCV:% 70QC% 1QJRVC:%`CVG:1J0V`:J VJ `V V 

?:GCV:% 7-`1JH1]:%6 7]VRVH%C %`VV X0QC% 1QJ

?:GCV:% 70QC% 1QJRV]`1JH1]:%6 7]VR;XCV0:$V%`CVG:1J0V`:J 8

?:GCV:%77JR1H: RV$V 1QJRVV:%6R%G:1J0V`:J

?:GCV:%7-`XVJ : 1QJR%1$JQJR%VC:7V RVC1I1 `Q].V

?:GCV:%7!:`:H X`1 1_%V]`1JH1]:CVR%1$JQJR%VC:7

?:GCV:%71 VRV : 1QJRV%101.7R`QCQ$1_%V%`CVG:1J0V`:J R%1$JQJ

?:GCV:%7;QR%CV1J V`:JJ%VC:%R`Q1 RV : 1QJRV%101

?:GCV:% 70XG1 RVH`%V:%R`Q1 RV : 1QJRV%101

?:GCV:% 70XG1 RVH`%V:%R`Q1 RVC: : 1QJRV%101R%HQ%`RV:%0%J1W`V

?:GCV:% 70XG1 RX 1:$V:%R`Q1 RV : 1QJRV%101

?:GCV:% 70XG1 `XV`0XVJ:0:CRVG:``:$VRV:0:CV VV RV:!.:]VCV V

?:GCV:% 7 : R:0:JHVIVJ RV--7'%`CVG:1J0V`:J

?:GCV:%7]WHV]1H1HQCV]`XVJ V%`CVG:1J0V`:J 8

?:GCV:%7JQ V72;RVI:VRV:%R%R%1$JQJR%VC:7

?:GCV:%77J .WVRVX : `QJH 1QJJVCRVR1``X`VJ HQJ V6 V]1H1HQCV

?:GCV:%75Q V7C]:` `QJMQJ

?:GCV:%7:$VRVQ%0`:$V`VHVJX

?:GCV:% 71 V5: %`:%`CV V``1 Q1`VR%

?:GCV:% 71 VRVH:] :$VRV:%%]V``1H1VCCV%`CVG:1J0V`:J R%1$JQJR%VC:7

?:GCV:% 7QC%IVH:] XVJ RXHC:`X;C$VJHVRVC:%Q1`V>`V :$JV

?:GCV:% 7!QCCVH 101 X]`XCV0:J RVCV:%G`% VR:JC:HQJR%1 V`Q`HXV

?:GCV:% 7>1C:JRV1J V`HQJJV61QJRV:%]Q :GCV

?:GCV:%7-`1JH1]:%6]:`:IW `V:J:C7XR:JCVV:%6RV 1JXV;C:HQJQII: 1QJ.%I:1JV

?:GCV:%7HQII%JVRQJ CVV:%6R1 `1G%XV]`Q0VJ:J RVH:] :$VR%G:1J0V`:J ]`XVJ VJ RV RX]:VIVJ 8

?:GCV:%7 : RV]`Q VH 1QJRVH:] :$V%`CVG:1J0V`:J R%1$JQJR%VC:7

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ?:GCV:%7!:]:H1 XX]%`: Q1`VRVQ%0`:$VR::1J1VIVJ HQCCVH 1`

?:GCV:%77X]:` 1 1QJRVQ%0`:$VVJ`QJH 1QJRVCV%`H:]:H1 XX]%`: Q1`V8

?:GCV:% 7?7]VRV `:1 VIVJ X]%`: Q1`V]`XVJ %`CV1$JQJR%VC:7

?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJR`XV:%]Q%`CVQ%0`:$V%]X`1V%`;C

?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJ`XV:%]Q%`CVQ%0`:$VHQI]`1VJ `VV  C

?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJ`XV:%]Q%`CVQ%0`:$VHQI]`1VJ `VV  C

?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJ`XV:%]Q%`CVQ%0`:$V1J`X`1V%`;C

?:GCV:%71 VRV1JR% `1VQ%I1V;C:`VRV0:JHVRVC$VJHVRVC:%Q1`V>`V :$JVVJ 

?:GCV:%7QC%IV]`XCV0X]Q%`C1``1$: 1QJRXHC:`X8

?:GCV:%7 1I: 1QJRVC:HQJQII: 1QJVJV:%R%GX :1CVJ

?:GCV:%7!:``1W`VQ%I1V;:% Q`1: 1QJ%`CVG:1J0V`:J

?:GCV:%71 VRV1JR% `1VQ%I1V;C:`VRV0:JHVRVC$VJHVRVC:%Q1`V>`V :$JVVJ

?:GCV:% 7-`1JH1]:CVH:`:H X`1 1_%VRVG:``:$V-QJ RV1$JQJV 

?:GCV:% 72%0`:$VRV]`QR%H 1QJ.7R`QXCVH `1_%VR%G:1J0V`:J 8

?:GCV:% 7-%1:JHV]Q VJ 1VCCVRV]`QR%H 1QJ.7R`QXCVH `1_%V%`CVG:1J0V`:J R%1$JQJR%VC:7

?:GCV:% 7-Q VJ 1VC]`QR%H 1GCVRV]`QR%H 1QJ.7R`QXCVH `1_%V%`CVG:1J0V`:J R%1$JQJR%VC:7

?:GCV:% 7QG=VH 1`RV_%:C1 XR%0R ]Q%`CVI:VRV:%%]V``1H1VCCV

?:GCV:% 7QG=VH 1`RV_%:C1 XR%0R ]Q%`CVI:VRV:%Q% V``:1JV

?:GCV:% 7=%:C1 XXHQCQ$1_%VRVI:VRV:%HQ%`RV:%RV ;

?:GCV:% 7=%:C1 XXHQCQ$1_%VR%]C:JRV:%RV:0:CV VVJ V 

?:GCV:% 7 :  RVI:VRV:%Q% V``:1JV

?:GCV:% 7!C:VV 1JR1HVRV_%:C1 X=:%

?:GCV:% 7%101_%:C1 : 1`R%`XV:%7!

?:GCV:% 7 1I: 1QJRV`C%6RV]QCC% 1QJ:%R`Q1 RVC:`V VJ%VRVC:!.:]VCV V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L %1 VRV`1$%`V

A1$%`V77J .WVR%H:R`V`X$CVIVJ :1`VR%1$JQJR%VC:7

A1$%`V7VX :]VR%J

A1$%`V77X]:` 1 1QJRV'!-]:`VH V%`R:H 101 XVJ

A1$%`V7C7R`Q$`:IIVR%1$JQJR%VC:7:%!.:IGQJ%`1$JQJ

A1$%`V 7C7R`Q$`:IIVR%1$JQJR%VC:7;V`1C.:H

A1$%`V 7H.XI:RV]`XCW0VIVJ RV:%6G`% V%`CVHQI]CV6V:0:CV V:!.:]VCV V

A1$%`V 7!7HCVRVC

A1$%`V 7H.XI:RVRX`1J1 1QJR%GQJX : RVV:%6

A1$%`V 7%101RV]V 1H1RV%`CV1$JQJ; R;:%`1HVRRVR1$JQJ

A1$%`V7`Q`IV .XQ`1_%VRVC:H%0V VC:H% `V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L !<8@.

! 7 1`VRC1IVJ : 1QJRV!:] :$V --; 7 QH1: 1QJ$`XV]Q%`C:-YH.VV RV-`Q VH 1QJRV;1C1V%6_%: 1_%V > 7 $`1H%C %`V>1QCQ$1_%V 0 7 HHW:%60QJJXVRV:%6Q% V``:1JV > 7 $VJHVRVC:%Q1`V>`V :$JV - 7 RR%H 1QJR:%-Q :GCV ;- 7 :H1RV:I1JQIX .7C].Q].QJ1_%V 7 7 $VJHV7X$1QJ:CVRVC::J X^:JH1VJJV00:JCVI11QJQH1:CV_ ' 7  C:RVQJV'JQJR:GCV >' 7 >:VRVRQJJXVRJH1VJ1 V'JR% `1VCV H 101 XRVV`01HV8 >:VRVRQJJXV%`CV1 VV QC]QCC%X^Q%]Q VJ 1VCCVIVJ ]QCC%X_:]]VC:J %JV >2 7 :H 1QJRV]Q%0Q1`]%GC1H5; 1 `V]`X0VJ 1`Q%H%`: 1`8 > 7 >:1JV`:J ! 7 !QJV1CR`H.1 VH %`V5R`G:J1IVV RJ01`QJJVIVJ !5 7 !QJV`0: Q1`VRV]:HV5: %`VC ! 7 !QJV1CXJX`:C ! 7 !QII11QJQH:CVRVC:% !7 7 !QJ `: 7V :%`: 1QJJ `V 1VJ !7-A 7 !VJ `V7X$1QJ:CRVC:-`Q]`1X XAQ`V 1W`V !?C 7 !QJ `: ?V``1 Q`1:CR%C:% 1$JQJ !?-> 7 !QI1 X?VH.J1_%V-V`I:JVJ RV>:``:$V 0>2 7 0VI:JRV>1QCQ$1_%VVJ267$WJV =Q%` 0! 7 01`VH 10V!:R`V%`C:% 0!2 7 0VI:JRV!.1I1_%VVJ267$WJV 0!7 7 0XG1 RV!`1V 007; 7 0Q1V`0X]:` VIVJ :CRV71_%V;:=V%` 00? 7 01`VH 1QJ0X]:` VIVJ :CVRV?V``1 Q1`V 02 7 0XG1 2G=VH 1`R; 1:$V 0707 7 0QH%IVJ 7X$1QJ:CRV0X0VCQ]]VIVJ 7%`:C 07 7 01`VH 1QJ7X$1QJ:CVRVCJ01`QJJVIVJ 5RVCIXJ:$VIVJ V R%Q$VIVJ 0 7 0XG1 V%1CRCV` V 0 7 01`VH 1QJRVV`01HVX X`1J:1`V 0A 7 CVH `1H1 XRVA`:JHV C 7 _%10:CVJ C:G1 :J  5 7 ]:HV5: %`VCVJ1GCV -!' 7  :GC1VIVJ -%GC1HRV!QQ]X`: 1QJ'J V`HQII%J:CV - 7  :GC1VIVJ -%GC1HQ1`V 7 7 :%67X1R%:1`V`G:1JV A0--; 7 AXRX`: 1QJ0X]:` VIVJ :CVRV-YH.VV RV-`Q VH 1QJRV;1C1V%6_%: 1_%V A07 7 AQJR%`Q]XVJRV0X0VCQ]]VIVJ 7X$1QJ:C A75 7 AXRX`: 1QJ7X$1QJ:CVR%0V`$JV]Q%`C:5: %`VV CJ01`QJJVIVJ C 7 `Q%]VR6]CQ1 : 1QJC7R`:%C1_%V ' 7 `Q%]VIVJ R'J X`Y HQJQI1_%V C- 7 C7R`QH:`G%`V`QI: 1_%V-QC7H7HC1_%V '>0 7 'JR1HV>1QCQ$1_%V01: QIXV '>5 7 'JR1HV>1QCQ$1_%VCQG:CV5Q`I:C1X^1JVH V:_%: 1_%V_ '>;7 7 'JR1HV>1QCQ$1_%VRV;:H`Q].7 VRV7101W`V '!- 7 'J :CC: 1QJ!C:XV]Q%`C:-`Q VH 1QJRVCJ01`QJJVIVJ

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L '5 7 'J 1 % 5: 1QJ:CRV : 1 1_%VV RV %RVHQJQI1_%V '2? 7 'J :CC: 1QJ52%0`:$V5?`:0:%65H 101 X^VJC1VJ:0VHRV`%G`1_%VRVC:Q1%`C:%_ '-7 7 'JR1HV-Q1QJRV7101W`V I2 7 IQ%`J:C2``1H1VC ; 7 Q1%`C:%V CV;1C1V%6_%: 1_%V^ _ -2 7 1$%VRV-`Q VH 1QJRV21V:%6 ; 7 ;V%`V$`QRJ01`QJJVIVJ :CV ; 7 ;:VR:%6 ; 7 ;:VR:%6` 1`1H1:C1XV ;00? 7 ;1J1 W`VRVC;HQCQ$1V5R%0X0VCQ]]VIVJ 0%`:GCV5RV?`:J]Q` V R%Q$VIVJ ;A; 7 ;:VR:%6AQ` VIVJ ;QR1`1XV ;5 7 ;:VR:%65: %`VCCV ; 7 ;: 1W`VVJ%]VJ1QJ ;22 7 ;: 1W`V2`$:J1_%V267R:GCV 5A 7 510VCCVIVJ XJX`:CRVA`:JHV 2; 7 2`$:J1: 1QJ;QJR1:CVRVC::J X 25!A 7 2``1HV5: 1QJ:CRVC:!.:VV RVC:A:%JV:%0:$V 25; 7 2``1HV5: 1QJ:CRVC:%V RV;1C1V%6_%: 1_%V 25A 7 2``1HV5: 1QJ:CRVAQ`Y  -! 7 -QC1 1_%V$`1HQCV!QII%JV -00 7 -C:JRIXJ:$VIVJ V RV0X0VCQ]]VIVJ 0%`:GCV -0 7 -C:JR;IXJ:$VIVJ V RVV 1QJ0%`:GCV --' 7 -C:JRH 1QJV RV-`Q VH 1QJHQJ `VCV'JQJR: 1QJRVC:Q1`VIQJ -0- 7 -C:J0X]:` VIVJ :CRVV 1QJ-1H1HQCV -07C 7 -`Q$`:IIVRV0X0VCQ]]VIVJ 7%`:CCV6:$QJ:C -A! 7 -`Q$`:IIV%`Q]XVJRVAQ`Y !V` 1`1XV -C 7 -`1IVCV`G:$W`V$`QRJ01`QJJVIVJ :CV - 7 -C:JQH:CR`G:J1IV -57 7 -:`H5: %`VC7X$1QJ:C -2 7 -C:JR2HH%]: 1QJRVQC --' 7 -C:J-:` 1H%C1V`R'J V`0VJ 1QJ --7 7 -C:JRV-`X0VJ 1QJRV71_%V --7' 7 -C:JRV-`X0VJ 1QJRV71_%VR'JQJR: 1QJ - 7 -C:J1I]CVRVV 1QJ - 7 -C:JX$X :C]Q%`C;J01`QJJVIVJ = 7 0XG1 RV``X_%VJHVRXHVJJ:CV = 7 0XG1 RV``X_%VJHVHVJ VJJ:CV =;5 7 RXG1 IVJ%VCVHRV``X_%VJHV_%1J_%VJJ:CV 7!2 7 7XV:%RV!QJ `TCV2]X`: 1QJJVC 7! 7 7XV:%RVHQJ `TCVV RV%`0V1CC:JHV 70 7 7XV:%0X]:` VIVJ :C 7C 7 7XV:%R;0:C%: 1QJRVC:G1 :  7 7 7VHVJVIVJ XJX`:C$`1HQCV 7C- 7 7XV:%C7R`QG1QCQ$1 VV -1H1HQCV 75> 7 7XV:%5: 1QJ:CRV>:1J 72 7 7X`X`VJ 1VCRV2G :HCV;C;HQ%CVIVJ 72; 7 7XV:%R2GV`0: 1QJRV;1C1V%6  7 H.XI:RIXJ:$VIVJ V RVV 1QJRV:%6 ? 7 V`01HVR1 :JHV?VH.J1_%V;C:%V ;C;:1J1VIVJ  7 %``:HV$`1HQCV 1CV !2? 7 H.XI:RV!Q.X`VJHV?V``1 Q`1:CV 0- 7 7JR1H: RV01 `1G% 1QJV RRR%H 1QJRV:%-Q :GCV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 0 7 H.XI:01`VH V%`RIXJ:$VIVJ V RVV 1QJRV:%6 0! 7 H.XI:0X]:` VIVJ :%6RV!:``1W`V  7 7 WIVR;0:C%: 1QJRVC; : RV:%6  7 7JR1H: RV:%6Q1`V1$JQJ =:% 7 7 WIVR;0:C%: 1QJRVC:=%:C1 XRV:%  7 7JR1H: RV:%6RVC:VIWJV '! 7 7JR1H: 'J V`!QII%J:CRIXJ:$VIVJ RVC:Q1`VV RVV``C%VJ  '-- 7 7JR1H: 'J V`HQII%J:CRV-`QR%H 1QJR:%-Q :GCV -5! 7 V`01HV-%GC1HR:1J1VIVJ 5QJ!QCCVH 1` ?C 7 %``:HV?Q%=Q%`VJCV`GV ?C 7 %``:HV?Q%=Q%`VJCV`GV ;- 7 7JR1H: RV-`QR%H 1QJV RRR%H 1QJR:%-Q :GCV8 > 7 J1 X`Q>X :1C '!2 7 QJV'I]Q` :J V]Q%`C:!QJV`0: 1QJRV21V:%6 5'AA 7 QJVR'J X`Y HQCQ$1_%VACQ`1 1_%VV A:%J1 1_%V - 7 QJVRV-`Q VH 1QJ]XH1:CV ! 7 QJVQ%I1V;RV!QJ `:1J VJ01`QJJVIVJ :CV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 

88   C R!   @      -

'J 1 %X]:`C;:JH1VJJVCQ1%`C;V:%R%=:J01V` 5CVH.XI:R;IXJ:$VIVJ V RVV 1QJRV :%6^_V %JQ% 1C `: X$1_%VRV]C:J1`1H: 1QJ:%J10V:%CQH:CRQJ C;QG=VH 1`]`1JH1]:CV C: `VH.V`H.VR;%JX_%1C1G`VR%`:GCVVJ `VC:]`Q VH 1QJRVI1C1V%6:_%: 1_%VV C:: 1`:H 1QJRV %:$V%`%J]X`1IW `V.7R`Q$`:].1_%VHQ.X`VJ 8

0:J  CV  ]`QCQJ$VIVJ  R%  JQ%0V:% H.XI:  01`VH V%`  R;IXJ:$VIVJ  V  RV  V 1QJ RV  :%6 ^0_Q1`V>`V :$JV:]]`Q%0XVJJQ0VIG`V 51CRXHC1JV:%J10V:%R%G:1J0V`:J R% 1$JQJR%VC:7CV:H 1QJV IQ7VJ;IV `VVJ\%0`V]Q%`$X`V`V $:`:J 1`:%I1V%6CV%:$V RVC;V:%80VHV`:1 51C`16VCVQG=VH 1`RV_%:C1 X;: V1JR`VR:J%JRXC:1RQJJX51C`X]:` 1 C;V:% VJ `VCVR1``X`VJ VH: X$Q`1VR;%:$V`51C1RVJ 1`1VV ]`Q W$VCVI1C1V%6:_%: 1_%VVJ1GCVV 1C RX`1J1 RV:H 1QJRVRX0VCQ]]VIVJ V RV]`Q VH 1QJRV`VQ%`HVVJV:%V RVC% VHQJ `VCV 1JQJR: 1QJ8

0V]%1C:Q1%`C;:%V CV;1C1V%6_%: 1_%V^;_R%RXHVIG`V 5CVVHQI]QV RVRV%6RQH%IVJ VVJ 1VCRQJ C:]Q` XV=%`1R1_%VR1``W`V7 R CVC:JR;IXJ:$VIVJ V RVV 1QJ:%`:GCV^:_ _%1V`:Q]]Q:GCV;C;RI1J1 `: 1QJ7CV RQH%IVJ RV]C:J1`1H: 1QJ^RQH%IVJ R;%`G:J1IV5H.XI:RX]:` VIVJ :%659_V CVRXH11QJ :RI1J1 `: 10V]`1VR:JCVRQI:1JVRVC;V:%RV0`QJ Y `VHQI]: 1GCVQ%`VJR%HQI]: 1GCV:0VH CV-08 R CV

VHQJ 1 %VRQJH%J  Q% 1C`X$CVIVJ :1`V  ]`101CX$1X5I1;C:R1]Q1 1QJRV:H V%`CQH:%65 ]Q%`]`QIQ%0Q1`%JV$V 1QJR%`:GCVV X_%1C1G`XVRVC:`VQ%`HVVJV:%%`%J V``1 Q1`VVJ HQJH1C1:J CV:H 101 XV CV%:$V]`XVJ 8

!V V]QC1 1_%VR;:IXJ:$VIVJ V RV$V 1QJRVC:`VQ%`HVVJV:%RV0`:]V`IV `VC;: V1J VR% GQJX : RVI:VR;V:%%]V``1H1VCCVV Q% V``:1JV1I]QX]:`C;%`Q]V01::01`VH 10V!:R`V V%`Q]XVJJV%`C;:%^0!_8

:RXI:`H.VVRXHQI]QVVJX :]V7 R-.:V]`XC1I1J:1`V]V`IV :J R;V 1IV`C:]V` 1JVJHVRVC:RXI:`H.VR:JCVG:1J0V`:J  V RVHQJ 1 %V`%JRQ1V`]`XC1I1J:1`VRVHQII%J1H: 1QJV RVHQJ%C : 1QJ8CCVHQI]`VJRC:I1V VJ]C:HVRVC:!8 R-.:VR;XC:GQ`: 1QJ_%1HQJ1 V;]:` 1`R;%JX : 1J1 1:CV R;%JR1:$JQ 1HRV`Q`I:C1V`RV QG=VH 1`V RVR1]Q1 1QJRV$V 1QJRVC:`VQ%`HVVJV:%V RVI1C1V%6:_%: 1_%V%`CVG:1J8 R-.:VRVI1VVJ\%0`VV RV%101R%; `:0V`%J :GCV:%RVGQ`R8

-Q%`CXC:GQ`: 1QJ5C:`X011QJV CV%101RVC:]]C1H: 1QJR%5%JV!QII11QJQH:CVRVC:% ^!_V H`XXV]:`CV-`X`V 8!V V1J :JHVV %JC1V%]`101CX$1XRVHQJHV` : 1QJ5RVRXG: 5RV IQG1C1: 1QJV RV]`1VRVRXH11QJ8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  

888 %QH:C1: 1QJ

!:` V7%1I1 V:RI1J1 `: 10V

%V]X`1IW `VR;%J888RQ1 Y `VHQ.X`VJ ].71_%VIVJ V  VH.J1_%VIVJ ^%J1 XRV 7]VG:1J 0V`:J Q% 7 WIV:_%1`W`V_ :%V1JR%_%VC RQ10VJ  VRX0VCQ]]V` RV QC1R:`1 X VJ `VCV R1``X`VJ %:$V`RVC;V:%:`1JR;VJ$:$V`%JV`X`CV61QJ%`C;%:$VRVC:`VQ%`HV8 VG:1J0V`:J R%1$JQJR%VC:7V 1 %XVJ$`:JRVI:=Q`1 XR:JC R%RX]:` VIVJ RVC: C:% VRQ1`V  R:J  C:  `X$1QJ  %0V`$JV8  =%VC_%V  HQII%JV  RV  C:  `X$1QJ  7.TJV  C]V  RV RX]:` VIVJ RVC`RWH.VV RVC:Q1`VQJ 1JHC%VVJC1I1 V V 5Q`RR% V``1 Q1`V8V :$$CQIX`: 1QJCV]C%]`QH.VQJ -5:%%RR2%V V '5??'55:%5Q`R8V V``1 Q1`VR%H.XI:R;IXJ:$VIVJ V RVV 1QJRV:%6:%JV%]V``1H1VRV  @I8

V1$JQJR%VC:7]`VJR:Q%`HVVJHQJ `VG:RV0VJ R%01:GCV%`CVI:1`R%;XV:%<:H5 ;:%`1HVRV1$JQJV ;QJ1 `QC%`Q1`V8

888 !QII%JVHQJHV`JXV

:C1 VRVHQII%JVHQJHV`JXV]:`C:RXI:`H.VR%:X X`16XVR:J%J:``Y X]`X`VH Q`:CR%  QH QG`V8

CCVQJ `X]:` 1V:RI1J1 `: 10VIVJ HQIIV%1 7

R HQII%JVR%RX]:` VIVJ RVC:C:% VRQ1`V7G:1JR%1$JQJR%VC:7V RVQJ]`1JH1]:C :``C%VJ C:0%J1W`V6 R HQII%JVR%RX]:` VIVJ RVC;`RWH.V7G:1JR%1$JQJR%VC:76 RHQII%JVRVC:Q1`V7G:1JRVC:0%J1W`V8

-`QH.:1JVIVJ  CV  HQII%JV  :`RXH.Q1V  RV  :1J  $`W0V  V  0V0VV  V`QJ  :=Q% XV  ;  HV ]X`1IW `V8

888  : % RVHQ%`RV:%

;VJVIGCVRVHQ%`RV:%R%G:1J0V`:J R%1$JQJQJ JQJRQI:J1:%6V RQJH`X$1]:`CV R`Q1 ]`10X8

88  !8@CC 

888 %::1`VH 10V!:R`V%`C:%

8888 `1JH1]V

:  R1`VH 10V  H:R`V  %`  C;V:%  ^0!_  R%    QH QG`V  ^R1`VH 10VL _01V;RQJJV`%JV HQ.X`VJHV;C;VJVIGCVRVC:CX$1C: 1QJV%`Q]XVJJV:0VH%JV]QC1 1_%VHQII%J:% :1`V$CQG:CVR:J CVRQI:1JVRVC;V:%8CCVRX`1J1 %JH:R`V]Q%`C:$V 1QJV C:]`Q VH 1QJRVV:%6]:`$`:JRG:1J .7R`Q$`:].1_%V:%]C:JV%`Q]XVJ:0VH%JV]V`]VH 10VRVRX0VCQ]]VIVJ R%`:GCV8

:0!`16VRVQG=VH 1`]Q%`C:]`XV`0: 1QJV C:`V :%`: 1QJRVC;X : RVV:%6%]V``1H1VCCV^V:%6 RQ%HVV V:%6HT 1W`V_V ]Q%`CVV:%6Q% V``:1JV8 %;QG=VH 1`$XJX`:CV R;: V1JR`VR;1H1;  CVGQJX : RVR1``X`VJ I1C1V%6%` Q% CV V``1 Q1`VV%`Q]XVJ8 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V$`:JR]`1JH1]VRVC:0!QJ 7 R%JV$V 1QJ]:`G:1J0V`:J 6 RC:`16: 1QJR;QG=VH 1`]:`HI:VR;V:%I6 R%JV]C:J1`1H: 1QJV %JV]`Q$`:II: 1QJ:0VH%JVIX .QRVRV `:0:1C]XH1`1_%VV RVXH.X:JHV6 R %JV  :J:C7V  XHQJQI1_%V  RV  IQR:C1 X RV  :`1`1H: 1QJ  RV  C;V:% V  %JV 1J X$`: 1QJ RV  HQ(  VJ01`QJJVIVJ :%66 R%JVHQJ%C : 1QJR%]%GC1HR:JCVG% RV`VJ`Q`HV`C: `:J]:`VJHVRVC:]QC1 1_%VRVC;V:%8 :0!HQI]Q` V]C%1V%`V61$VJHV7 R: V1JR`VCVGQJX : RVV:%6V RVI1C1V%6:_%: 1_%VR1H1 V  Q]]V`C:RX$`:R: 1QJRV C;V:%V RVI1C1V%6:_%: 1_%V5 RIV `VCXHQ7 WIV:%]`VI1V`]C:J]Q%`C:GQJJV$V 1QJRVCV:%5 R`XR%1`VCV`V=V  Q61_%V5 R`:0Q`1V`C:]:` 1H1]: 1QJ:H 10VR%]%GC1H5HQJR1 1QJR%%HHW5 RY `V `:J]:`VJ %`CVHQ( C1X;C% 1C1: 1QJRVCV:%57HQI]`1CVHQ( C1X;C:`X]:`: 1QJ RVRQII:$V]Q%`CVJ01`QJJVIVJ 8 :01`VH 10V!:R`V%`C;:%RX`1J1 X$:CVIVJ %JVIX .QRVRV `:0:1C5HQII%JV:%6 X :  IVIG`V5_%1`V]QV%`_%: `VRQH%IVJ VVJ 1VC7 RC;X : RVC1V%671C]V`IV R;1RVJ 1`1V`CV]`QGCXI: 1_%V; `:1 V`6 RCV]C:JRV$V 1QJ71CHQ``V]QJR:%H.XI:01`VH V%`RIXJ:$VIVJ V RVV 1QJRV:% ^0__%1`16VCVQG=VH 1`VJ01`QJJVIVJ :%66 RCV]`Q$`:IIVRVIV%`V71CRX`1J1 CV:H 1QJ_%10QJ ]V`IV `VR;: V1JR`VCVQG=VH 1`6 RCV]`Q$`:IIVRV%`0V1CC:JHV71C:%`VCV%101RVC;: V1J VRVQG=VH 1``16X8 ;X : RVC1V%65CV]C:JRV$V 1QJV CV]`Q$`:IIVRVIV%`VQJ ;`VJQ%0VCV` Q%CV :J8

8888 :CVJR`1V` V$`:JRVX :]VRVC:I1VVJ]C:HVRVC:0!VJA`:JHVQJ CV%10:J V7 R7 : RVC1V%6 R 7-`Q$`:IIVRV%`0V1CC:JHVRVC;X : RVV:%6 R 7!QJ%C : 1QJR%]%GC1H%`C;X : RVC1V%6 R 7!QJ%C : 1QJR%]%GC1H%`CV0 R 7-%GC1H: 1QJR%]`VI1V`]C:JRV$V 1QJV R%]`Q$`:IIVRVIV%`V R 7RQ] 1QJRV0`X01X R 7-Q1J %`C;: V1J VRVQG=VH 1`5%101R;%JVHQJR]C:JRV$V 1QJV ]`Q$`:IIVRVIV%`V R 70V`J1W`VXH.X:JHV]Q%`C:`X:C1: 1QJRVQG=VH 1`

VI:`5C:A`:JHV:`VJR%HQI] V;C:!QII11QJV%`Q]XVJJVRVC:I1VVJ\%0`VRVC: R1`VH 10VRH:R`V%`C;V:%^0!_8VRQJJXV `:JI1V1JHC%:1VJ JQ :IIVJ %JVX0:C%: 1QJRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L C;X : RVV:%6VJ 5C;:``VH : 1QJ;H.:_%VI:VR;V:%R;%JQG=VH 1`V %JVV 1I: 1QJRX :1CCXV ]:`G:1JR%HQ( RV:H 1QJJXHV:1`V]Q%`C;: V1J VRVHVQG=VH 1`8

-Q%`C;: V1J VR%GQJX : RVV:%6VJ 5RV%6]Q1G1C1 XRVRX`Q$: 1QJR:JCV VI]TRV RV%6`Q116:JRQJ JX:JIQ1JVJ01:$V:GCV8XH.X:JHVI:61I:CVV `16XV; 80VIYIV5CV HQI1 X  RV  G:1J  ]V%  =% 1`1V`  RV  QG=VH 1`  IQ1J   `1H   _%V  CV  GQJ  X : 8 !VRX`Q$: 1QJRQ10VJ Y `VHC:1`VIVJ =% 1`1XV]:`RV`:H V%`J: %`VC^RXC:1RV`X]QJVRVC: J: %`V_5]:`RV`:H V%` VH.J1_%V^`:1:G1C1 X_Q%XHQJQI1_%V^HQ( 1J%]]Q` :GCV_8

8888 X .QRQCQ$1V:]]C1_%XV

:I:VR;V:%V C;%J1 XR;X0:C%: 1QJRVC:0!82JR1 1J$%VCVI:VR;V:%Q% V``:1JVV CV I:VR;V:%%]V``1H1VCCV8:H:`:H X`1: 1QJRVI:VR;V:%V X0QC% 10V8

  %VI:VR;V:%Q% V``:1JV 

%V  .:V  R;:%  ^._  Q% V``:1JV  QJ  RV  %J1 X  Q%  ]Q` 1QJ  R;%J1 X  .7R`Q$XQCQ$1_%V HQJ 1 %XVR;%JIYIV 7]VRVI1C1V%^XR1IVJ :1`V5:CC%01:C9_8  'CV JX:JIQ1J1I]Q` :J RV JQ V`_%;%JVI:VR;V:%]V% ]`XVJ V`%JVHV` :1JV.X X`Q$XJX1 X]: 1:CV :J :%J10V:%RVV H:`:H X`1 1_%V.7R`Q$XQCQ$1_%V_%VRVQJX : _%:C1 : 1`8

-Q%`CVV:%6Q% V``:1JV5CVGQJX : HQJ1 VVJ7

R%JGQJX : _%:C1 : 1`Q%H.1I1_%VRVC;V:%8

VGQJX : H.1I1_%VV : V1J CQ`_%V^:JJV6V888RVC:0!_HC:HQI]Q1 1QJH.1I1_%VRVC: I:VR;V:%Q% V``:1JVV  VCCV_%VCVHQJHVJ `: 1QJRV]QCC%:J 7JVIQJ `VJ ]:R;V``V  R;%JV  1J0:1QJ  :CXV  6  JV  RX]:VJ  ]:  CV  JQ`IV  RV  _%:C1 X  :]]C1H:GCV  :%  1 `V  R;:% `V R1]Q1 1QJCX$1C: 10VHQII%J:% :1`V]V` 1JVJ VHQJ`Q`IXIVJ ;C;:` 1HCV 6JVQJ ]: VCCV _%;VCCVVI]YH.V`:1VJ R;: V1JR`VCVQG=VH 1`VJ01`QJJVIVJ :%6]XH1`1X:% 1 `VRVC;:` 1HCV ]Q%`  CV  V:%6  RV  %``:HV  :QH1XV  Q%  VJ `:4JV`:1VJ  %JV  R1I1J% 1QJ  1I]Q` :J V  RV  C:  _%:C1 X XHQCQ$1_%V  Q%  H.1I1_%V  RV  HV  I:V  Q%  QHH:1QJJV`:1VJ  RV  RQII:$V  1I]Q` :J   :%6 XHQ7 WIV V``V `V_%1RX]VJRVJ R1`VH VIVJ RVC:I:VR;V:%Q% V``:1JV8I

R%JGQJX : _%:J 1 : 1`

VGQJX : _%:J 1 : 1`V : V1J 1^:JJV6V888RVC:0!_HCVJ10V:%RVC:I:VR;V:% Q% V``:1JVV  VC_%VCV :%6:JJ%VCIQ7VJRVH:] :$V;CQJ$ V`IVJVRX]:V]:C:`VQ%`HV R1]QJ1GCVRVC:I:VR;V:%Q% V``:1JVI8

VJQ`IVRV_%:C1 X:]]C1H:GCVV`QJ RX`1J1VR:JCVH:R`VRVC:`% %`V01`VH 10V`1CCV%`CVV:%6 Q% V``:1JVRQJ C;QG=VH 1`]`1JH1]:CV`:RVRX`1J1`CVH`1 W`VR;X0:C%: 1QJR%GQJX : H.1I1_%V8

  %VI:VRV:%%]V``1H1VCCV 

V;:VR;:%^;_%]V``1H1VCCVQJ RV%J1 X.7R`Q$`:].1_%V^V:%6RV%``:HV_]`XVJ :J  RVH:`:H X`1 1_%V:V<.QIQ$WJVV ]Q%`CV_%VCCVQJ]V% RX`1J1`%JIYIVQG=VH 1`8CCVQJ  HQJ 1 %XVRVHQ%`R;V:%V ]C:JR;V:%8CCV`V$`Q%]VJ C;VJVIGCVRVV:%6RV%``:HVRV IYIVHQJR1 1QJRV`X`X`VJHVG1QCQ$1_%V5CQ`_%VCV:C X`: 1QJR%V:%6:H 101 X.%I:1JVQJ  J%CCV  Q%  `W  `:1GCV8  CCV  ]`XVJ VJ  RQJH  %JV  HV` :1JV  .QIQ$XJX1 X  R%  ]Q1J  RV  0%V  RV H:`:H X`1 1_%VJ: %`VCCVV R%]Q1J RV0%VRV]V` %`G: 1QJV6V`HXV]:`CV:H 101 X.%I:1JV8

-Q%`IVJV`C:H:`:H X`1: 1QJR%G:1J.7R`Q$`:].1_%V5CVI:VR;V:%QJ X XR1``X`VJH1XVVCQJ _%;VCCVQJ 5: %`VCCV^;5_5` 1`1H1:C1XV^;_Q%AQ` VIVJ ;QR1`1XV^;A;_8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V  ;  V  ;A;  QJ  RV  I:V  R;V:%  ]Q%`  CV_%VCCV  RV  IQR1`1H: 1QJ  IQ`].QCQ$1_%V ^V6VI]CV7`VH:C1G`:$V5`VH 1`1H: 1QJ5%`G:J1: 1QJ5VJR1$%VIVJ 5%HHV1QJRVV%1CV G:``:$V9_ QJ %JV1J`C%VJHVHQJX_%VJ V%`CV]V%]CVIVJ 010:J 5HVIQR1`1H: 1QJJV]Q%0:J Y `V %]]`1IXV:JV``V JX$: 1`%`C;VJ01`QJJVIVJ Q%CV%:$V8

-Q%`CVV:%6%]V``1H1VCCV5CVGQJX : HQJ1 VVJ7

R  %J  GQJ  X :  H.1I1_%V  RV  C;V:%  RV 1JX  ;  0X`1`1V`  CV  `V]VH  RV  JQ`IV  RV  _%:C1 X VJ01`QJJVIVJ :CV`16XV]:`RVR1`VH 10VV%`Q]XVJJV^:%`CVR1`VH 10VH%:$VI_5_%1JV ]`X0Q1VJ _%VRV%6 HC:VR;X : ^`V]VH Q%JQJR`V]VH _8V]:`:IW `VHQJHV`JXQJ  CV %G :JHVR:J$V`V%V^ __%1`1$%`VJ ;C;:JJV6V'V CV%G :JHV]`1Q`1 :1`V^_H1 XV; C;:` 1HCV   RVC:0!^:JJV6V_8

R%JGQJX : XHQCQ$1_%V_%1 VRXHC1JVVJH1J_HC:VR;X : ^ `WGQJ;I:%0:1_8

;X0:C%: 1QJV`:1 ]`1JH1]:CVIVJ %`C:G:VRV]:`:IW `VG1QCQ$1_%VV ]:`RV]:`:IW `V ].71HQRH.1I1_%VQ%R VJR:J C:G1QCQ$1V8V]:`:IW `VG1QCQ$1_%VQJ RV1JR1HVG:X%` CX %RVRVC:`:%JVV C:`CQ`VRVC:I:VRV:%7I:H`Q1J0V` XG`X^1JVH V:_%: 1_%V_:0VHC'JR1HV >1QCQ$1_%VCQG:C5Q`I:C1X^'>5_5CV]Q1QJ:0VHC'JR1HV-Q1QJ7101W`V^'-7_5CVR1: QIXV ^ 7]VR:C$%V_:0VHC'JR1HV>1QCQ$1_%V01: QIXV^'>0_8

V  ]:`:IW `V  ].71HQRH.1I1_%V  Q%R VJR:J  C:  G1QCQ$1V  JV  ]`VJJVJ  ]:  VJ  HQI] V  CV %G :JHV_%1RXH`10VJ C;X : H.1I1_%V8V:% `VI1H`Q]QCC%:J QJ ]`1VJHQI] V;1CQJ  RX0V`XVJ_%:J 1 X1$J1`1H: 10V8

VGQJX : XHQCQ$1_%VV : V1J CQ`_%VHCVXCXIVJ RV_%:C1 XG1QCQ$1_%VJVXH:` VJ _%V CX$W`VIVJ RVHV%6:QH1X;RVHQJR1 1QJJQJ]V` %`GXV]:`C:H 101 X.%I:1JVI8'CV :]]`XH1X VJIV%`:J CXH:` VJ `VCVHQJR1 1QJQGV`0XVV CVHQJR1 1QJR1 VRVH`X`X`VJHVI5HV R;R R1`V%JI1C1V%_%1`QJH 1QJJVG1VJVJ V`IVRV]`QHV%J: %`VC5:0VH:G1QR10V`1 XJ: %`VCCVV  Q&C1I]:H RVC.QIIVV  `W`:1GCV8

888 %V:%Q1`V;`V :$JV

8888 X`1J1 1QJ

V  H.XI:  01`VH V%`  R;IXJ:$VIVJ  V  RV  V 1QJ  RV :%6^0_V %JRQH%IVJ RV ]C:J1`1H: 1QJ  RXHVJ `:C1X8  'C  RX`1J1 5  ]Q%`  %JV  ]X`1QRV  RV  16  :J  ^  T   _5  CV  $`:JRV Q`1VJ : 1QJ]Q%`%JV$V 1QJX_%1C1G`XVRVC:`VQ%`HVVJV:%:1J1_%VCVQG=VH 1`RV_%:C1 XV  RV_%:J 1 XRVV:%6;: V1JR`VR:JCVG:1JQ1`VR>`V :$JV8'CV X :GC1VJ:]]C1H: 1QJRVC;:` 1HCV 8RR%HQRVRVC;VJ01`QJJVIVJ 8

V0V C;Q% 1C]`1JH1]:CRVI1VVJ\%0`VRVC:R1`VH 10VH:R`V%`CV:%8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8888 :CV%`=%`1R1_%V

V  CX$1C: V%`  :  RQJJX  :%  0  %JV  0:CV%`  =%`1R1_%V  ]:` 1H%C1W`V  VJ  C1VJ  :0VH  CV  RXH11QJ :RI1J1 `: 10VV :0VHCVRQH%IVJ R;:IXJ:$VIVJ R% V``1 Q1`V8

1J15CV]`Q$`:IIVV CVRXH11QJ:RI1J1 `: 10VR:JCVRQI:1JVRVC;V:%^:% Q`1: 1QJV  RXHC:`: 1QJ:% 1 `VRVC;:` 1HCV8RV %10:J R%HQRVRVC;VJ01`QJJVIVJ 5:% Q`1: 1QJV  RXHC:`: 1QJ  RV  1J :CC: 1QJ  HC:XV  ]Q%`  C:  ]`Q VH 1QJ  RV  C;VJ01`QJJVIVJ 9_  RQ10VJ  Y `V HQI]: 1GCVQ%`VJR%HQI]: 1GCV:0VHCVR1]Q1 1QJR%: ^:` 1HCV8R'R%HQRVRV C;VJ01`QJJVIVJ _8

VRQH%IVJ R;%`G:J1IVTH.XI:RVHQ.X`VJHV V``1 Q`1:CV^!2?_5]C:JCQH:%6R;%`G:J1IV ^-_5H:` VHQII%J:CVTV CVH.XI:R;:IXJ:$VIVJ V RV$V 1QJRVV:%6^_RQ10VJ  Y `VHQI]: 1GCV:0VHCVQ`1VJ : 1QJ`QJR:IVJ :CVV :0VHCVQG=VH 1`RV_%:C1 XV RV_%:J 1 X RVV:%6RX`1J1]:`CV0^:` 1HCV8RR%HQRVRVC;VJ01`QJJVIVJ 5:` 1HCV8R58RV  8RR%HQRVRVC;%`G:J1IV_8VH.XI:RX]:` VIVJ :%6RVH:``1W`V^0!_RQ10VJ Y `V HQI]: 1GCV:0VHCVR1]Q1 1QJR%0^:` 1HCV8  RR%HQRVRVC;VJ01`QJJVIVJ _8

A1$%`V77J .WVR%H:R`V`X$CVIVJ :1`VR%1$JQJR%VC:7

Échelle Réglementation Implication

'LUHFWLYH&DGUHVXUO (DX 2EMHFWLIVG DWWHLQWHG XQERQ«WDW (XURS«HQQH  «FRORJLTXHGHVPDVVHVG HDXG LFL

/RLVXUO (DXHWOHV0LOLHX[ 1«FHVVLW«GHJHVWLRQGHVHDX[¢ 1DWLRQDOH $TXDWLTXH O «FKHOOHGHVEDVVLQVYHUVDQW

%DVVLQYHUVDQW 6'$*(/RLUH%UHWDJQH /LJQHVGLUHFWULFHVSRXUDWWHLQWHGHV /RLUH%UHWDJQH  REMHFWLIVGHOD'&(

$GDSWDWLRQGHODO«JLVODWLRQDXFRQWH[WH %DVVLQYHUVDQWGX ORFDO 6$*(/LJQRQGX9HOD\ /LJQRQGX9HOD\ 6$*(FODVV«FRPPHSULRULWDLUHDX 6'$*(

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8888 G=VH 1` R% !"# V 0  R  V  RXHC1JV  Q%  C:  `Q`IV R%J ]`Q$`:IIV RV  IV%`V V  `X]QJR ; H1J_ ]`1JH1]:CV]`QGCXI: 1_%VRXHC1JXVVJ_%1J

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8888 `Q$`:IIVRVIV %`V  %`CVG: 1J0V` :J R%'1$JQJR%VC:7

V]`Q$`:IIVRVIV%`V%`CVVH V%`RVQ1`VV CC1V`:IQJ 51$JQJR%VC:7V C:$JQJV  ]`XVJ XVJ:JJV6V8

8G=VH 1` .V%`V !QJ VJ%  J1IV`V ]C:J1`1V`CV `:0:%6 7V :%`V`  C:  IQ`].QCQ$1V  R%  C1  I1JV%`  ]Q%`  `V :%`V`CV.:G1 : :_%: 1_%V IXC1Q`V`C:IQ`].QCQ$1V >L 'J V`0VJ1`%`CVGV`$VV C:`1]17C0V RVHQ%`R;V:% >L ^1$JQJ:0:C5 `QV V_ > !L X`V`5  :IXJ:$V`  Q%  %]]`1IV`  CV  Q%0`:$V ! V61 :J  0 IXC1Q`V`C:HQJJVH 101 XC: X`:CV IXC1Q`V`C;:J1I: 1QJLHQQ`R1J: 1QJ;%JVXH.VCCV  > RVG:1J0V`:J R:JCVRQI:1JV:$`1HQCV  ^:IQJ  R%G: 1J0V` :J _ 7X:C1V`  RV  R1:$JQ 1H  R;V6]CQ1 : 1QJ  ^:IQJ  R%  > G:1J0V`:J _ _%1]V`CVV6]CQ1 : 1QJ:$`1HQCV]Q%`I:4 `1V`CV %1I1 V`CV]QCC% 1QJ  0 ]QCC% 1QJ]QJH %VCCV]:`CV]V 1H1RV  ^:IQJ RV R;Q`1$1JV:$`1HQCV ':0:CV V_ IXC1Q`V`  CV  ]`: 1_%V  :$`1HQCV  ]V 1H1RV  V LQ% % 1C1V`CV VH.J1_%V:C V`J: 10V  0 A:1`VX0QC%V`CV7 WIVRV]`QR%H 1QJ^:$`1H%C %`V G1QCQ$1_%V5  7 WIV  `Q%``:$V`  XHQJQIV  VJ 1J `:J 888_ ^VJ VIGCVR%G: 1J0V` :J _ X`V`5VJ `V VJ1`V `V :%`V`CV V:%6%XV0V`CV : 1QJR;X]%`: 1QJ^ VI]RV 1JR% `1VCCV ]C%1V_ .:1J VJ1`CV ;V `VVJ]C:HV%JV$V 1QJ0QC%IX `1_%VHQCCVH 10V `QJH 1QJJVIVJ    ;V `VVJ]C:HV%JR1]Q1 1`RV%101V RVHQJ `TCV .7R`QCQ$1_%V  %R1V`Q%IV `VVJ\%0`VRVIV%`V]XH1`1_%V %`CV]C:JR;V:%:`1JRV`XR%1`VC;V% `Q].1: 1QJ7 IXC1Q`V`CV  L R %RVR%`QJH 1QJJVIVJ R%]C:JRV:% `QJH 1QJJVIVJ R%]C:J   RV 1QJQ] 1I1XVR%]C:JRV:% R;V:%RV%:0:CV V R?`:0:%6RVH%`:$V5RXH:J : 1QJV LQ%0:CQ`1: 1QJ VJ_%V%VRV`V VJ%V

?:GCV:%7;V%`VHCV`R%0Q1`V>`V :$JVR %`CVG:1J0V`:J 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 %:%Q1%`C:%

8888 `X VJ : 1QJ$XJX`:CV

:]QC1 1_%VRVC;V:%:H %VCCV5$%1RXV]:`C:CQ1RV 5HQI]CX XV]Q%`C:]YH.V]:`C:CQ1RV V  HQJ`Q` XV]:`HVCCVRV 5:G= 1CV`QJRVIVJ RVC:]QC1 1_%VRVC;V:%71J :JHVRVG:1J]Q%` $XJX`V`RVIXH:J1IVRVHQJHV` : 1QJ5`VRV0:JHV]Q%``1J:JHV`RVQ%0`:$VR;1J X`Y HQII%J5 :$VJHVRVC;V:%]Q%`RX$:$V`CVIQ7VJJXHV:1`V5RQH%IVJ RV]C:J1`1H: 1QJ]Q%`RX`1J1`C: ]QC1 1_%VRVC;V:%]:`G:1J8

:HJQ%0VCCVICQ1J  R %`C;V:%V CVI1C1V%6:_%: 1_%V5]`QI%C$%XVCVRXHVIG`V 5 ^I828R%LL _:]Q%`]`1JH1]:%6QG=VH 1`RV7

R0QJJV`CVQ% 1C;C;:RI1J1 `: 1QJ5:%6HQCCVH 101 X V``1 Q`1:CVV :%6:H V%`RVC;V:%VJ$XJX`:C ]Q%``VHQJ_%X`1`C:_%:C1 XRVV:%6V : V1JR`VVJ CVQG=VH 1`RVGQJX : XHQCQ$1_%V`16X ]:`C:R1`VH 10VH:R`V%`C;V:%^0!_V `V `Q%0V`%JVIV1CCV%`V:RX_%: 1QJVJ `V`VQ%`HVVJV:% V GVQ1JR:J%JV]V`]VH 10VRVRX0VCQ]]VIVJ R%`:GCVRV:H 101 XXHQJQI1_%V% 1C1: `1HV R;V:%5VJ`:0Q`1:J CVR1:CQ$%V:%]C%]`WR% V``:1J6

R0QJJV`:%6HQCCVH 101 X V``1 Q`1:CVCVIQ7VJR;:R:] V`CVV`01HV]%GC1HR;V:%]Q :GCVV  R;::1J1VIVJ :%6JQ%0V:%6VJ=V%6VJ V`IVRV `:J]:`VJHV01R;R01RV%:$V`5RVQC1R:`1 X VJ`:0V%`RV]C%RXI%J1V R;V``1H:H1 XVJ01`QJJVIVJ :CV6

R7XJQ0V`C;Q`$:J1: 1QJRVC:]YH.VVJV:%RQ%HV6

:CQ1:]]Q` VRV%6:0:JHXVHQJHV] %VCCVI:=V%`V;JQ `VCX$1C: 1QJ7

R:`VHQJJ:1:JHVR%R`Q1 ;C;V:%]Q%` Q%5R:JC:HQJ 1J%1 XRVC;:H 1QJ1J V`J: 1QJ:CVRVC: A`:JHVR:JHVRQI:1JV5

R:]`1VVJHQI] VRVC;:R:] : 1QJ:%H.:J$VIVJ HC1I: 1_%VR:JC:$V 1QJRV`VQ%`HVVJ V:%8

J`1J5C:CQ1`VJ`Q`HVC:]Q` XV=%`1R1_%VRVRQJ CV`W$CVIVJ V RV0VJ%Q]]Q:GCV:%6 1V`5 CV`VJR:J :1J1]C%Q]X`: 1QJJVC8

8888 `Q=V RVHC: VIVJ RV HQ%` RV:%

0:JC:HQJ 1J%1 XRVC:Q1%`CV:%V CVI1C1V%6:_%: 1_%VRV 5%JV`X`Q`IVRVHC:VIVJ  RV  HQ%`  V  VJ  HQ%`  :`1J  R: V1JR`V  CV  QG=VH 1`  RV  HQJ 1J%1 X  XHQCQ$1_%V8  :  `X011QJ  RV HC:VIVJ   RQ1  ]V`IV `V  R;:%`V`  %JV  IV1CCV%`V  HQ.X`VJHV  :0VH  CV  VJ$:$VIVJ  HQII%J:% :1`V5JQ :IIVJ ]Q%``V]VH V`CVV61$VJHVRVC:0!8

:H1`H%C: 1QJRVV]WHV:_%: 1_%VV C:H:]:H1 XRV `:J]Q` QC1RVRVHQ%`R;V:%QJ RV%6 XCXIVJ VVJ 1VC:%GQJ`QJH 1QJJVIVJ RVI1C1V%6:_%: 1_%VJXHV:1`V:%I:1J 1VJQ%; C;: V1J VR%GQJX : RVV:%68

:]`QHXR%`VRVHC:VIVJ RVHQ%`R;V:%5RX`1J1V;C;:` 1HCV8R R%HQRVRVCVJ01`QJJVIVJ  :X XC:JHXVVJ:0`1C8!V V]`QHXR%`VV IVJXV]:`CV-`X`V HQQ`RQJJ: V%`RVG:1J8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L  !C:VIVJ :H %VC0:C:GCV  =%_%;]:`% 1QJR% V6 VRVHC:VIVJ R  7

RQ1R% LL  7HC:VIVJ VI]YH.:J  Q% VJQ%0VCCV1J :CC: 1QJ.7R`QXCVH `1_%V%`CVHQ%` RV:%

R` R HQ%`RV:%I1$`: V%`7 Q% Q%0`:$VRQ1 R1]QV`R%JR1]Q1 1`RV]::$VRV ]Q1QJI1$`: V%`

 A% %`HC:VIVJ R   7

8G=VH 1` ]]C1H: 1QJ`X$CVIVJ :1`V R-V`IV RV]`XV`0V`CVHQ%`R;V:%RV :% Q`1: 1QJ  Q%  C:  HQJHV1QJ  RV RX$`:R: 1QJ`% %`V5 JQ%0V:%6  Q%0`:$V  V  %GQ`RQJJXV  ; %1 V R  -V`IV  R;:``1H.V`  %J  QG=VH 1`  RV RV]`VH`1] 1QJ]V`IV :J RVI:1J VJ1` `V :%`: 1QJRVC:HQJ 1J%1 XXHQCQ$1_%V; %JVHQJ 1J%1 XXR1IVJ :1`VV XHQCQ$1_%V CQJ$ V`IV8 ^ `:J]:`VJHVRVCQ%0`:$V_ R  'J 1 %V  %JV  QGC1$: 1QJ  RV  `X%C :  VQ%0`:$VRQ10VJ Y `VX_%1]X]Q%`C: R:%`V`C:HQJ 1J%1 XXHQCQ$1_%V%` Q% HQJ 1J%1 X  XHQCQ$1_%V  V  XR1IVJ :1`V CVQ%0`:$V`1$%`:J %`RVHQ%`R;V:% R:JCV :J%10:J C:]%GC1H: 1QJRVC: HC:X8 C1 VRVHQ%`RV:%HQJHV`JX8 RA16V%JVXH.X:JHVRV :J;]:` 1`RV C;VJ `XV  VJ  01$%V%`  RV  C;:``Y X  RV HC:VIVJ ]:`CV]`X`V HQQ`RQJJ: V%`RV %1 V G:1J  ]Q%`  : V1JR`V  C;QG=VH 1`  RV HQJ 1J%1 XXHQCQ$1_%V:]`WCVHC:VIVJ  ^Y]C:JR;:H 1QJ_8 R-V`IV RV.1X`:`H.1V`^]:` `:JH.VRV  :J_ CV :H 1QJ  :% 0% RV  VJ=V%6  V RV V``Q`   ;  `X:C1V`  ^]`Q=V  RV  C1 V    CQJ$ V`IV_8

?:GCV:%72G=VH 1`V H:R`V`X$CVIVJ :1`VR%HC:VIVJ R C1 VV RVHQ%`RV:%

VCQJHVHC:VIVJ V VJ`QJH 1QJRVQ%0`:$VHQJJ%;HV=Q%`^0Q1`H.:]1 `V8_5 Q%0`:$V V`QJ HC:XVJ1 V8VCQJC:JQ%0VCCV`X$CVIVJ : 1QJ5HVQ%0`:$VRV0`QJ Y `VX_%1]XRV I:J1W`V;`V :%`V`C:HQJ 1J%1 XXHQCQ$1_%V;C:H.:`$VRV]`Q]`1X :1`VR:JCV :J:]`WC: ]:`% 1QJRVC1 VQ``1H1VCCVV HVH1;C:H.:`$VRV]`Q]`1X :1`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L  !C:VIVJ RVHQ%`RV:%R%G:1J0V`:J R%1$JQJR%VC:7  7

VHQ%`RV:%R%G:1J0V`:J R%1$JQJQJ :H %VCCVIVJ Q%I1;R1``X`VJ HC:VIVJ 7

?:GCV:%7!C:VIVJ :H %VCV ]`Q]Q1 1QJRVHC:VIVJ RVHQ%`RV:%R%R%1$JQJR%VC:7

'C:$1 1H1RVC:]`Q]Q1 1QJRVHC:VIVJ :% 1 `VRVC:` 1HCVR _%1RQ1 Y `V:``Y XVHQ%`:J  ]:`CV]`X`V RVG:1J8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  % B%B.@C 28@:C< : % ?@8@ :  % 

:RXI:`H.VRV%`CVG:1J0V`:J R%1$JQJR%VC:7:X XC:JHXV%1 V:%6JX$QH1: 1QJ VJ `VCV7JR1H: ;16 VRV?`Q17101W`V50AV C:01CCVRV'5??'55]Q%`C:`XRX0:C%: 1QJRV RXG1 `XV`0XVJQ` 1VR%G:``:$VRV:0:CV VVJ 8!V VRXI:`H.V:X XH.Q11V]:`CV :H V%`:`1JRVR1]QV`%`CV V``1 Q1`VR%JC1V%RXH.:J$VV RVR1H%1QJ%`CV .XI: 1_%VVJ C1VJ:0VHC:`VQ%`HVVJV:%8

0V]C%5HV]X`1IW `V:X XRX1$JXHQIIV]`1Q`1 :1`V]Q%`C:I1VVJ]C:HVRVHV VRXI:`H.V]:` C$VJHVRVC:%Q1`VR>`V :$JV:% `:0V`R%0:]]`Q%0XVJ V `X01XVJ 8

%VVJ=V%6R%RX`1J1R:JCV:%Q1`V;`V :$JV R QJ CV%10:J 7

R`Q VH 1QJRVC:`VQ%`HVVJV:%]Q :GCV

RIXC1Q`: 1QJRVC:$V 1QJ_%:J 1 : 10VRVC:`VQ%`HVVJV:%

R%:`V :%`: 1QJRVI1C1V%6

R%:IXC1Q`: 1QJRV.:G1 : V RVC:H1`H%C: 1QJ]1H1HQCV

R%:0:CQ`1: 1QJ Q%`1 1_%VV ]XR:$Q$1_%VRVC:`VQ%`HV5`V]VH %V%VRVCVJ01`QJJVIVJ 8

:RXI:`H.VVRXHQI]QVVJ$`:JRVX :]V7

R  %JV  ].:V  ]`XC1I1J:1`V  RV0:J  :GQ% 1`  ;  C:  RX`1J1 1QJ  R%  ]X`1IW `V  :]`W  HQJ%C : 1QJ  RV HQCCVH 101 XCQH:CVV ;C:HQI]Q1 1QJRVC:!5

R%JV].:VR;XC:GQ`: 1QJR%RQH%IVJ _%1HQJ1 V5;]:` 1`R;%JX : RVC1V%6V R;%JR1:$JQ 1HRV C:`VQ%`HVV RV%:$VC1X;C;V:%5;RX`1J1`RV]`XHQJ1: 1QJRV$V 1QJRVC:`VQ%`HV%`CV G:1J8

R%JV].:VRVI1VVJ\%0`V_%11J W$`VC:I1VVJ]C:HVR;%J :GCV:%RVGQ`RR%8

+<%?.?@?< %;8<C?8@

.?@ ``Y XRV !QJ 1 % 1QJ  :  01:$JQ 1H ?VJR:JHV !.Q16RV V :C1R: 1QJ 8< ]X`1IW `V RVC:! RV V  C: ]`QR%1  R% C1V%6 HXJ:`1Q  `: X$1V R%

      QH QG`V V] VIG`V :0`1C   

A1$%`V7VX :]VR%J

VV`:%JV`X`X`VJHVQGC1$: Q1`V]Q%`CVV`01HVRVC; : V RVHQCCVH 101 XCQH:CV]Q%` C;:]]C1H: 1QJRVC:`X$CVIVJ : 1QJV C:I1VVJ\%0`VRVCV%`]QC1 1_%VR:JCVRQI:1JVRVC;V:%8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 0V]C%5C:CQ1J  R %`CV:%V CVI1C1V%6:_%: 1_%V]`QI%C$%XVCVRXHVIG`V ^I828 R%LL _`VJ`Q`HV C: ]Q` XV =%`1R1_%V  RV _%1RV01VJJVJ  Q]]Q:GCV :% 1V`5CV `VJR:J :1J1]C%Q]X`: 1QJJVC8

8 8  % 

8 88 !QII11QJ%QH:CVRVC:%

:!QII11QJCQH:CVRVC;V:%^!_5V H.:`$XVRV]1CQ V`HV V]`QHXR%`V8CCVV C:]`VI1W`V 1J :JHVRVRXG: V RVR1:CQ$%VRVHVR1]Q1 1`8CCVV HQI]QXV; Q]:`RVXC%CQH:%65 Q ]:`RV%:$V`V  Q]:`RV`V]`XVJ :J RVC; : 8

:HQI]Q1 1QJRVC:!:X XIQR1`1XV]:`:``Y X]`X`VH Q`:CRVRXHVIG`V5V %1 V:%6 XCVH 1QJH:J QJ:CVCV =%1CCV ^JJV6V_8

VIVIG`VRVC:!V`X]:` 1VJ HQIIV%1 7

 !QCCW$VRV`V]`XVJ :J RVHQCCVH 101 XCQH:CV7]V`QJJV6

 !QCCW$VRV`V]`XVJ :J RV%:$V`7]V`QJJV6

 !QCCW$VRV`V]`XVJ :J RVV`01HVRVC; : 7]V`QJJV8

!VQJ RQJHCVXC%CQH:%6_%1QJ CV]`1JH1]:%6`V]QJ:GCVRVHV V]`QHXR%`V8

Q`RVC:`X%J1QJRVC:!R%`X0`1V`55: .:C1V72?:X XXC%V-`X1RVJ VV !QCV V !C;>255?V IV:JR-1V``V!C7001HVR-`X1RVJ 8

V`QJH 1QJJVIVJ RVC:!V `X$1]:`%JRQH%IVJ JQIIXH7W$CVRV`QJH 1QJJVIVJ I8

:!QII11QJQH:CVRVC:%V :1 XV]:`%JG%`V:%:7:J C:IYIV`V]`XVJ : 101 XRV:H V%` V HQJ 1 %XRVIVIG`V80VHQII11QJ .XI: 1_%V]V%0VJ Y `V`X%J1V]Q%` `:1 V`RV ]`QGCXI: 1_%V]XH1`1_%V8

JVHQII11QJ1J V`R:X XH`XXVVJ `VCVQ1`VIQJ 51$JQJR%VC:7V Q1`VVJ 7.TJVC]V8

8 88 ?!%+:% V%Q1`V !:` V7!QCCVH 101 X:R.X`VJ V:%?!%

V:X X]Q` X]:`CV7JR1H: RV?`Q1`101W`VRV ; =%_%;:`%1QJ:0VHCV 7JR1H: 'J V`!QII%J:CRIXJ:$VIVJ RVC:Q1`VV RVV``C%VJ ^'!_VJC:% VQ1`V8 :J1I: 1QJV RV]%1HV VR: V:%`XV]:`CV'!C:% VQ1`V8

!`XX  VJ    ]Q%`  `V]`XVJ V`  CV  HQII%JV  RV  IQ1J  RV  8  .:G1 :J   :%]`W  RV C; :GC1VIVJ  -%GC1H  Q1`V  ^-_5  1C  :%`V  RV%6  I11QJ7  C:  $V 1QJ  X_%1C1G`XV  RV  I1C1V%6 :_%: 1_%VV CV`TCV `VI]C1JR;:HHW;C;VI]CQ1]Q%`%J]%GC1H`VJHQJ `:J RVR1``1H%C XR;1JV` 1QJ QH1:CVV ]`Q`V1QJJVCCV8

J5CV'!C:% VQ1`VVC:JHVR:JC:HQQ]X`: 1QJ1J V`J: 1QJ:CV:0VHRV]:` VJ:1`V 7Q%I:1J5' :C1VJV C;25A:% `:0V`R%]`Q$`:IIV]:HV7101W`V%`Q]V8

J 51C`%1QJJV:0VHCV7JR1H: ;16 VRV?`Q17101W`V80V]%1HV VR: VCV'!C:% VQ1`V $W`VCV `Q1$`:JRG:1J_%1R`:1JVJ CVRX]:` VIVJ RVC:% VRQ1`V7C;CC1V`5C:Q1`VV CV1$JQJ R%VC:78

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V'!C:% VQ1`V]Q` VRXQ`I:1CVQ% 1CRV]C:J1`1H: 1QJRVC$VJHVRVC:%Q1`V>`V :$JV ]Q%`C:$V 1QJRVI1C1V%6:_%: 1_%VHQIIVCV!QJ `: 7V :%`: 1QJJ `V 1VJ5CV!QJ `: RV 7101W`V5CV!QJ `: ?V``1 Q`1:%6V %JH.XI:RIXJ:$VIVJ V RVV 1QJRV:%68V'! C:% VQ1`VV :%1VJH.:`$VR%JV]:` 1VRVC:`X:C1: 1QJRV `:0:%6R:JCVH:R`VR%-C:J RIXJ:$VIVJ V RV-`Q VH 1QJHQJ `VCV'JQJR: 1QJVJQ1`VIQJ ]Q` X]:`CV!QJV1CXJX`:C RVC:C:% VQ1`V8

V'!C:% VQ1`V:RQJH%JVI11QJRV$V 1QJRVHQ%`RV:%%`CV V``1 Q1`V:R.X`VJ 8V HQCCVH 101 X  :R.X`VJ V  ;  CXH.VCCV  R%  RX]:` VIVJ  RV  C:  C:% V  Q1`V  QJ  :%  JQIG`V  RV   HQII%JV  V    HQII%J:% X  RV  HQII%JV  ^C1 V  VJ  :JJV6V  _8  V%CV  CV  HQCCVH 101 X  R% RX]:` VIVJ RVC:C:% VQ1`V]V%0VJ Y `V:R.X`VJ V8

%`  CV  V``1 Q1`V  R%  5  V%CV  CV  HQII%JV  :C 1C1$X`1VJJV  RV  =%V7`1W`V5  !.:I]HC:%V5 !.:%RV7`QCCVV V: `VJ:R.W`VJ :H %VCCVIVJ ]::%7JR1H: 8

8 88 %V`1J:JHV%`

0V]%15 `Q1Q`$:J1IV`1J:JHVJ C:J1I: 1QJV CVX %RVJXHV:1`V;CXC:GQ`: 1QJR% R%1$JQJR%VC:77

 $VJHVRVC:%Q1`V>`V :$JV6

 !QJV1CXJX`:CRVC:% VQ1`V6

 7JR1H: 'J V`HQII%J:CVRIXJ:$VIVJ RVC:Q1`VV RVV``C%VJ ^'!_8

V`1J:JHVIVJ R%'!]`Q01VJJVJ RVC:HQ 1: 1QJRVHQCCVH 101 XCQH:CV:R.X`VJ VV RVC: ]:` 1H1]: 1QJRVHQII%JVR% V``1 Q1`VR%8

$VJHVRVC:% !QJV1CXJX`:C 2:<^`QJR ?!%V  %Q1`V;`V :$JV +:% V%Q1`V V%`Q]XVJ_ HQCCVH 101 XCQH:CV

J1I: 1QJ Q  Q R Q

B %RVXC:GQ`: 1QJ Q R Q Q

B %RV Q  Q R Q HQI]CXIVJ :1`V H 1QJRV Q  Q R Q HQII%J1H: 1QJ 2QJH 1QJJVIVJ RVC: Q  Q R Q !%

?:GCV:%7A1J:JHV%`RVCXC:GQ`: 1QJRV `:0:%6RVC:!R%

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 8  +?C8

8 88 .:V]`XC1I1J:1`V

:RXI:`H.VRV%`CVG:1J0V`:J R%1$JQJR%VC:7:X XC:JHXV]:`CV7JR1H: ;16 VRV ?`Q17101W`V8!V VRXI:`H.V:X XH.Q11V]:`CV:H V%`:`1JRVR1]QV`%`CV V``1 Q1`VR%JC1V% RXH.:J$VV RVR1H%1QJ%`CV .XI: 1_%VVJC1VJ:0VHC:`VQ%`HVVJV:%80V]C%5HV V``1 Q1`V :0:1 X XRX`1J1HQIIV]`1Q`1 :1`V]:`C:0:]]`Q%0XVJ 8

J5%J:`$%IVJ :1`VQCC1H1 :J CV]`X`V RVG:1J]Q%`CVC:JHVIVJ RVC:]`QHXR%`VRV %`CV V``1 Q1`V1$JQJR%VC:7TVIWJV:X X`X:C1X]:`CV7JR1H: I16 VRV `Q1`101W`V8!V ]X`1IW `VJVHQ``V]QJR:J ]::%6H`1 W`VR%05Q1 %JG:1J0V`:J 51C:X X`V`%X]:`C: ]`X`VH %`VRVG:1J8

J=:J01V`5%JJQ%0VC:`$%IVJ :1`VV `VJR%:%6V`01HVRVC; : ]`XVJ :J CV]X`1IW `V :H %VCR%R%1$JQJR%VC:7HQJ 1 %X%J1_%VIVJ R%G:1J0V`:J RV1$JQJR%VC:78

8 88 .:VRXIV`$VJHV

V]X`1IW `VR%R%1$JQJR%VC:7:RQJHX X:``Y XCV QH QG`V8:!QII11QJ QH:CVRVC:%:X XHQJ 1 %XVCV V] VIG`VV V `X%J1VC:]`VI1W`V`Q1CV:0`1C 5 R: VRVC:JHVIVJ R%8

8 88 .:VRXC:GQ`: 1QJ

XC:GQ`: 1QJR%R%1$JQJR%VC:7:RQJHHQIIVJHXVJ 8;IVI:H_%VC1JV0!?'5 ]`X1RVJ VR%7JR1H: I16 VRV?`Q17101W`V5]`X1RV`:C:!=%_%VJ 8

01``X`VJ  XCXIVJ  QJ  `:1  _%V CXC:GQ`: 1QJ RV  HV   : X X  `Q` VIVJ  `:CVJ 1V  7]C%1V%` IQR1`1H: 1QJ  R:J  C:  HQJ 1 % 1QJ  RV  C:  !5  :J1I: V%`  :7:J  R:% `V  I11QJ  _%V  CV  5  `%H %`V]Q` V%VV`VHVJ `:J %`RV]`Q$`:IIVQ]X`: 1QJJVC^HQJ `: RV`101W`V5HQJ `:  V``1 Q`1:C_5RXVJ$:$VIVJ RVXC%V `%] %`VR%I:`H.X]:`CVG%`V:%RX %RVRV0:J `X:C1V` CX : RVC1V%6V CVR1:$JQ 1H8

0V]%1V] VIG`V5CV'!:`VH`% X%JV:J1I: `1HVG:XV;C:J VJJVRV?VJHV]Q%``VC:JHV` C:RXI:`H.VV ]Q%``X:C1V`CX : RVC1V%6VJ1J V`JV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 

88  .?%? +?  

888 XQCQ$1VV .7R`Q$XQCQ$1V !:` V7XQCQ$1V

:IQ1 1X:IQJ ^%R_R%G:1J0V`:J R%1$JQJV HQJ 1 %XVR%JQ%RG:VIVJ `Q`IXVR% QHCV$`:J1 1_%VRVJ01`QJT I1CC1QJR:JJXV8%`HVQ%RG:VIVJ 5%J0QCH:J1IV:H 1`RVR  ;R I1CC1QJR:JJXV:`Q`IXRVC:0V`C%1RVRQJ `X%C VJ CV]C: V:%6G::C 1_%VR%;X

V]C: V:%$`:J1 1_%V5QHCVH`1 :CC1J`Q`IXR;%J$`:J1 V;G1Q 1 V `W.X X`Q$WJVI:`_%X]:`RV $Q`$V^1$JQJ50%J1W`V_50X`1 :GCV``:H %`V`X%C :J RVX0XJVIVJ  VH QJ1_%V_%1QJ `:MQJJX CV;:1`!VJ `:C5QHH%]V:%JQ`RCVRV%6 1V`R%G:1J8

CQG:CVIVJ 5CVQCR%G:1J0V`:J QJ CX$V`V :H1RVV HQJ 1 %XR;:`WJV$`:J1 1_%V^:GCV RV V6 %`V$`Q1W`V5`X%C :J RVC:RX:$`X$: 1QJRV`QH.VH`1 :CC1JV_8%`C:]:` 1V:0:C51CQJ  ]:%0`VVJH:CH1%IV ].Q].Q`V;C:R1``X`VJHVRV V``:1J0QCH:J1_%V^1 %X%`C;:IQJ R% G:1J0V`:J __%1QJ ]C%`1H.V8

-V%R1J`Q`I: 1QJQJ R1]QJ1GCV%`CVHQJ V6 V.7R`Q$XQCQ$1_%VR%G:1J0V`:J 8:J: %`VR% QHCV`:1 _%1CV61 VRVJQIG`V%6]V 1 :_%1`W`V]`XVJ R:JRV``:H %`VRVC:`QH.V8V%` JQIG`VV CV%` :1CCVQJ 1JHQJJ%8

888 !QJ V6 V$XQ$`:].1_%VV  Q]Q$`:].1_%V !:` V7`:JRVJVIGCV]:7:$V`

VG:1JR%1$JQJ:]]:` 1VJ :%]C: V:%R%VC:7Q`1VJ :CQ&H%CI1JVCV;QJ ;X

``C%VJ `10VR`Q1 VRVC:Q1`V:IQJ 5CV1$JQJR%VC:7]`VJR:Q%`HV;IW `VR;:C 1 %RV %`CV0V`:J JQ`RR%I:1`].QJQC1 1_%VR%;X

VG:1JR%1$JQJR%VC:7]V% Y `VH:`:H X`1X]:` `Q1$`:JRV`X$1QJ]:7:$W`V 7

RV]C: V:%$`:J1 1_%VR%VC:7Q`1VJ :C_%1`V]`XVJ VC:I:=Q`1 XR% V``1 Q1`V8

RV;V7$:C:%%RRQ%V R%G:1J0V`:J 5`VC1V`0QCH:J1_%VH:`:H X`1X]:`RV`Q`IVHQJ1_%V5CV %H5  _%1  HQJ`W`VJ  :%  ]:7:$V  %JV  1C.Q%V V  H:`:H X`1 1_%V7  %HHV1QJ  RV  %H  :%  %R R;1J$V:%6V -1HR%11V%6 `WX 1`X5H%CI1J:J ; IW `V%`CV0V`:J  R%;V7$:C8

R  V  I:1`  R%  ;X

 Q%`HV7!.:` V:`H.1 VH %`:CVV ]:7:$W`VR%VC:7RV?`Q1`101W`V561J0VJ :1`VRV]:7:$VRV C:% VRQ1`V5!5

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 !C1I: QCQ$1V

8888 : 1QJ RV %101

'CV61 V  : 1QJRV%101HC1I: QCQ$1_%V%`Q%;]`Q61I1 XR%G:1J0V`:J R%R%1$JQJ7 V :GCV5CV;:

8888 `XH1]1 : 1QJ V  VI]X`: %`V

0VRQJJXVHQJHV`J:J CV]`XH1]1 : 1QJQJ R1]QJ1GCV:%'!%`CV : 1QJ%10:J V 7

.Q7VJJVIVJ%VCCV L:J01V` 2X0`1V` .:` 0`1C .:1 L%1J L%1CCV Q( V] VIG`V 8H QG`V @Q0VIG`V :XHVIG`V !%I%C:JJ%VC VJII  :GCV          .:

0V]:`CVJQIG`VRV=Q%`RV$VCXCV0X]:`:J^RV; VJIQ7VJJV_5C:`Q` V:I]C1 %RVV RV VI]X`: %`VIQ7VJJV:JJ%VCCV``Q1RV^ !VJIQ7VJJV_V HV` :1J`VHQ`RRV``Q1R]`QH.VRV T !5CVHC1I: ]V% Y `VH:`:H X`1XHQIIVIQJ :$J:`R^%`CV.:% V%`R%G:1J_V HQJ 1JVJ :C ^%`C:]C: V:%0VCC:0V_8

!V]VJR:J 5C;1J`C%VJHVR%HC1I: IXR1 V``:JXVJV`:1 VJ 1`; `:0V`RV]`XH1]1 : 1QJQ`:$V%V RV 7]VHHX0VJQCVI_%1:]]:`:1VJ $XJX`:CVIVJ VJRXG% R;:% QIJV:IVJXV]:`CV0VJ R% %R8!;V R;:1CCV%`;A:7R%`R1$JQJ_%;:X X`VCV0XCV`VHQ`RRV]`XH1]1 : 1QJVJ.]Q%`C: C:% VRQ1`VQ1 7 8 IICVL L 81J`C%VJHVR%HC1I: IXR1 V``:JXVJV`:1 :%1VJ 1` ]:`RV ]X`1QRV V 10:CV V :% QIJ:CV :V< ``X_%VIIVJ H.:%RV  V WH.V V %JV R%`XV R;VJQCV1CCVIVJ :JJ%VCCV]`QH.VRV.V%`V]:`:J5HV_%1]C:HVC:C:% VRQ1`V]:`I1CV 1V`CV ]C%VJQCV1CCXRVC:A`:JHV8

J`1J5C;1J`C%VJHVQHX:J1_%V`VIQJ V]:`CV$Q`$VRVC:Q1`V=%_%;;HVCCVR%1$JQJ5HQJ`X`:J  %JVHV` :1JVRQ%HV%`;HV V0:CCXV8

V]`XH1]1 : 1QJQJ VCCVHQ``XCXV:0VHC;:C 1 %RV5CVI:61I:V `Q%0:J %`CV.:% ]C: V:%6 ^ II:%6 :GCV_V CVI1J1I:R:JCV0:CCXV^ II;;QJ1 `QC%`Q1`V_8

!V]VJR:J 5C:]Q1 1QJ$XQ$`:].1_%VR%VC:7V RQJHR%G:1JR%1$JQJ1J`C%VHQJ1RX`:GCVIVJ  %`CV]`XH1]1 : 1QJ8JV``V 5CV]`XH1]1 : 1QJ:``10VJ 5%`CV`X$1QJ VI]X`XVRVC;CXI1].W`V 5Q`R5]`1JH1]:CVIVJ ]:`C; C:J 1_%V82`CVJ%:$V5:0:J R;: V1JR`VCVVC:75`VJHQJ `VJ V V RXH.:`$VJ R;%JV$`:JRV]:` 1VRVCV%`.%I1R1 X%` `Q1G:``1W`VJ: %`VCCVR;2%V VJ 7CV ;QJ R%!:J :C^ IW `V_5C:;:`$V`1RV^ IW `V_V CV0V0W^IW `V_8'CVJ0:RV IYIV]Q%`CV]V` %`G: 1QJ`VIQJ :J RVC:;XR1 V``:JXV_%1V.V%` VJ :%6`VC1V`RV!X0VJJV V R%10:`:1:0:J R;:``10V`%`CVVC:78V]`XH1]1 : 1QJQJ RQJHIQ1JR`V_%VHVCCV`VCV0XV; RV:C 1 %RVV CQJ$1 %RVHQI]:`:GCV%`R;:% `V`X$1QJ8

 Q%`HV7;X XQA`:JHV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 88  8!?8 RB!8@8.? 

888 Q]%C: 1QJ !:` V 7Q]%C: 1QJHQII%J:CVVJ !:` V 7:VJ1 XRV]Q]%C: 1QJV X0QC% 1QJVJ `V V 

VG:1J0V`:J R%1$JQJR%VC:7VCQJCV`VHVJVIVJ RV HQI] V  .:G1 :J 8: ]Q]%C: 1QJ Q :CVRVHQII%JVHQJHV`JXV]:`CVR%1$JQJR%VC:7XCW0V;  ]V`QJJV8

VHQII%JV:7:J ]C%RV .:G1 :J QJ VJC1I1 VRVG:1J71J$V:%65;QJ1 `QC%` Q1`VV :1J V1$QCWJV8%V1JIYIVR%G:1J0V`:J 5V%CVHQII%JVHQJ 1 %VJ RV$`Q GQ%`$RV]C%RV.:G1 :J 7?VJHV50%J1W`VV CV!.:IGQJ%`1$JQJ8

CQG:CVIVJ 5CVG:1J0V`:J V H1JRXVJRV%6]:` 1V1JX$:CV7

 CV%RR%G:1J0V`:J Q&C:RVJ1 XV IQ7VJJV;`:1GCVV C:]Q]%C: 1QJV ;C:G:1V RV]%1 8!VVH V%`HQ``V]QJR;%JV

 CV  5Q`R  R%  G:1J  0V`:J  Q&  C:  RVJ1 X  V  ]C%  `Q` V  V  C:  ]Q]%C: 1QJ  :%$IVJ V IQ7VJJVIVJ ;`Q` VIVJ %`CVHQII%JV]`QH.VRVC:75 V Q%C1J`C%VJHVRV C:$$CQIX`: 1QJ X].:JQ1V8

888 8HH%]: 1QJRVQC

!:` V 78HH%]: 1QJRVQCVJ 

:]:` 1V:IQJ R%G:1J0V`:J R%;:

V V``1 Q1`VR%V  `W`%`:C:0VH%JVI:=Q`1 XRVC:%``:HVQHH%]XV]:`CV`Q`Y RV`X1JV%6 V ]`:1`1V8

JIQ7VJJV%`CVG:1J0V`:J 5QRVC:%``:HVV QHH%]XV]:`RVC:`Q`Y 8

X0QC% 1QJRVCQHH%]: 1QJRVQCVJ `V V  :X X`X:C1XV%`C:G:VRVC:J:C7VRV RQJJXV!Q`1JV:JR!Q0V`8!V VX0QC% 1QJV _%:1IVJ J%CCVV JV]`XVJ V]:RVH.:J$VIVJ  I:=V%`V 1$J1`1H: 1`%`CV V``1 Q1`V8

 Q%`HV7'55 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 ?JR% `1V

:IQ1 1XRVVI]CQ11JR% `1VCV `V$`Q%]XVR:JC;1J$VC:1 8!VVH V%`R;:H 101 XV  `W R10V`1`1XV `V]`XVJ VCV]`VI1V`VH V%`R;VI]CQ1R%RX]:` VIVJ 8

V`1C1W`VQJ CV%10:J V7

RC:`1C1W`V]C: 1_%VV C;VIG:CC:$V5 `W]`XVJ V%`HVVH V%`R%G:1J0V`:J 8%=Q%`R;.%1:1J VR 1$QCWJV`:G`1_%VQRVC:]`QR%H 1QJJ: 1QJ:CVRV]QC7X .7CWJVV6 `%RX8:`1C1W`V]C: 1_%V;V  RX0VCQ]]XV:% Q%`RV:1J VR1$QCWJV7QJ `Q%0VRVVJ `V]`1V1I]C:J XV;`:<:H5;QJ `:%HQJR VJVC:75:%61CCV V5:1J R-:CRRVR;QJ5?VJHV571Q Q`R51J$V:%65:1J R;:%`1HVRRVR1$JQJQ% G1VJVJHQ`V;:`C.V8

RC:IXH:J1_%V_%1`V0Y %JV$`:JRV1I]Q` :JHV]Q%`C:C:% VRQ1`V]%1_%;VCCVHQI] V  VI]CQ18%`CVG:1JR%1$JQJQJ `Q%0V]`1JH1]:CVIVJ RV%J1 XRVQ%R `:1 :JHVVJIXH:J1_%V RV]`XH11QJ^0%J1W`V5;QJ `:%HQJ5;:`C.V5V1CCV V9_5

RC;1JR% `1V:$`Q:C1IVJ :1`VV G1VJ:C1IVJ XV]:`C:`1C1W`V:$`1HQCVCQH:CV^C:1 V 01:JRV_8%`CV G:1JR%1$JQJHVC:V `:R%1 ]:`C:]`XVJHVRV:C:1QJ^:1J R;:%`1HVRRVR1$JQJ5?VJHV_V RV C:1 V`1V^`:%CV5;:

RCV V6 1CVV C;.:G1CCVIVJ :X X]VJR:J CQJ$ VI]C;1JR% `1VRQI1J:J V8?`WR%`VIVJ ``:]]XV ]:`  C:  H`1V5  HV V  `1C1W`V  V  JX:JIQ1J  VJHQ`V  ]`XVJ V  %`  CV  G:1J  R%  1$JQJ  ^ 1:$V5 HQJ`VH 1QJ9_5

RCVVH V%`RVC;XCVH `QJ1_%VV :V<`XHVJ R:JCVRX]:` VIVJ 5:0VH%J$`Q]TCV1 %X;>`1Q%RV8 !V]VJR:J  QJ  `Q%0V  RV  C:  `:G`1H: 1QJ  RV  HQI]Q:J   ]:1`  ;  1J$V:%6  V  RV  I: X`1VC IXR1HQH.1`%`$1H:%6:%;:

RC:`1C1W`VGQ1`V]`XVJ V%J$`Q0QC%IVR;:H 101 X^IRV`X1JV%6 `:1 XVJIQ7VJJV]:` :JJXV_8:`1C1W`VVHQI]QVRVH1V`1V5R;%J1 XRV`:G`1H: 1QJRVH.:`]VJ V5R;VIG:CC:$VV RV `:G`1_%VRVIV%GCV5

RCV:% `V`1C1W`VHQIIVC;1JR% `1VR%G= 1IVJ 5RV `:J]Q` 5CVJQ%0VCCV VH.JQCQ$1VQ%G1VJ VJHQ`V  C:  ]`QR%H 1QJ  R;XJV`$1V  `VCW0VJ  ]:``Q1  R%  VH V%`  :` 1:J:C  ^]V 1 V  ;  `W  ]V 1 V VJ `V]`1V_5]`XVJ VJ _%VC_%VVJ `V]`1VR7J:I1_%V_%1HQJ `1G%VJ ;C:GQJJV VJ%VR% 1% 1JR% `1VC8

VCQJCV `:0:%6R%VJ  5%`CVG:1J0V`:J R%1$JQJ5 VJ `V]`1VQJ RXHC:`XV Q%:% Q`1XVHQIIV'J :CC: 1QJ!C:XV]Q%`C:-`Q VH 1QJRV;J01`QJJVIVJ ^'8!8-8_R:JRV VH V%`R;:H 101 X `W0:`1XHQIIVC;XCV0:$V5C;1JR% `1V]C: 1_%V5CV `:1 VIVJ RV%``:HV5CV `:1 VIVJ R%GQ19

 Q%`HV7 C:1JR% `1VCRVC:% VRQ1`V5!QI1 X0;V6]:J1QJHQJQI1_%VRVC:% VRQ1`V Q%`HV7`:]]Q` RX : 1J1 1:CR%1$JQJR%VC:7]`Q01Q1`V5'!5

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L Répartition des Installations Classées par secteur d'activité en % 1,61 3,23 6,05 Agriculture / élevage 1,61 Travail du bois 10,48 0,81 Travail des métaux

Industrie textile

Industrie plastique 27,42 48,79 Fabrication / stockage de papiers et cartons Industrie agro - alimentaire

divers

A1$%`V77X]:` 1 1QJRV'!-]:`VH V%`R:H 101 XVJ

J5%` '!-:% Q`1XV5HQ``V]QJRVJ ;RV1JR% `1V]C: 1_%V8XCV0:$VV IQ1J `V]`XVJ X5CVV6]CQ1 : 1QJX :J RV :1CCV]V 1 V;IQ7VJJVV RQJHI:=Q`1 :1`VIVJ VJ]`QHXR%`V RVRXHC:`: 1QJV JQJ:% Q`1: 1QJ8

?7]VR'!-:% Q`1XV -`Q]Q` 1QJVJQ 'JR% `1V]C: 1_%V  CV0:$V  ?`:0:1CR%GQ1  ?`:0:1CRVIX :%6  $`Q:C1IVJ :1`V !:``1W`V !VJ `:CVRVJ`QGX  0XH.:`$VRQ`R%`VIXJ:$W`V  'JR% `1V V6 1CV  ?`:1 VIVJ RV%``:HV  ]]C1H: 1QJRV]V1J %`V  '!-JQJRX V`I1JXV 

?:GCV:% 7?7]VR'!-:% Q`1XVVJ%`CVHQII%JVR%

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888 $`1H%C %`V

8888 %``:HV!$`1HQCV 1C1 XV !:` V 7%``:HV$`1HQCV 1CVHQII%J:CVVJ

VCQJCV7VHVJVIVJ XJX`:C$`1HQCVRV5C:%``:HV$`1HQCV 1CV^_XCW0V;   .VH :`V%`CVG:1J0V`:J R%1$JQJR%VC:75Q1 QRV:%``:HV Q :CV8

0V ;5C:%``:HV:$`1HQCV% 1CV:CX$W`VIVJ G:1X8J`V0:JH.V5%`HV V]X`1QRVCV JQIG`VRV6]CQ1 : 1QJ:`VH%CXR%J_%:` 5`V`CX :J C: VJR:JHVJ: 1QJ:CV;C:G:1VR%JQIG`V RV6]CQ1 : 1QJ:0VH%JV:%$IVJ : 1QJRVCV%`%``:HV8

< < %``:HV$`1HQCV 5QIG`V %``:HV$`1HQCV 5QIG`V  1CV RV6]CQ1 : 1QJ  1CV RV6]CQ1 : 1QJ ;:1J0V`:J R%%1$JQJ         

QR%G:1J0V`:J Q Q

B0QC% 1QJ R Q R Q

?:GCV:% 70QC% 1QJRVC:%`CVG:1J0V`:J VJ `V V 

8888 -7]V RVH%C %`V !:` V 7@10V:%R1J VJ1`1H: 1QJ:$`1HQCVR%G:1J0V`:J VJ

:%``:HV?Q%=Q%`VJCV`GV]V`IV R;:]]`X.VJRV`C:]:` :$`1HQCVRXR1XV;C;XCV0:$V8

./7R:J CV :GCV:% %10:J 5C: QIIVRV ]Q%`HVJ :$V RV 7]VRVH%C %`VV 1J`X`1V%`V;VJ  `:1 QJRVRQJJXV JQJR1 ]QJ1GCV R:J CV5"!]Q%`HV` :1JV HQII%JV VJC1VJ:0VHCV VH`V  : 1 1_%V8

B0QC% 1QJVJQR% QRVC: QR%G:1J0V`:J R% B0QC% 1QJRVC: G:1J0V`:J R%   VJQ R  R %``:HVCQ%=Q%`VJ Q Q R 5 Q R5Q +V`GV `:1`1V VI]Q`:1`V 5Q 5 Q U5 Q U5 Q V I:6 !X`X:CV 5Q 5Q R 5Q R5 Q

?:GCV:% 7-`1JH1]:%6 7]VRVH%C %`VV X0QC% 1QJ

V%``:HV Q%=Q%`VJ.V`GV`V]`XVJ VJ  QRVC:R%G:1J0V`:J 8:H 101 XRVCXCV0:$V V RQJHC:`$VIVJ RQI1J:J V%`HVG:1J0V`:J 8VHQJR1 1QJJ: %`VCCVV6]C1_%VJ HV V 1 %: 1QJ8JV``V 5C:`%RVVR%HC1I: 5C:J: %`VRVQCV CV`Q` V]VJ VJV`:0Q`1VJ ]:CV H%C %`V8:]`:1`1VV I:=Q`1 :1`VIVJ 1 %XV%`CV]:` 1VQHH1RVJ :CVV IX`1R1QJ:CVR%G:1J 0V`:J 5:CQ`_%VC:`Q`Y QHH%]VCV0V`:J :G`%] V CVVH V%`Q`1VJ :CR% V``1 Q1`V8

Q%`HV700?500?V 00?

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 2JJQ V%JVCX$W`VG:1VRVCVI]`1VRVHV V:H 101 XVJ `V V 8%`C:]:` 1V:IQJ V C: C1I1 V R%G:1J0V`:J 5C:%``:HV Q%=Q%`VJ.V`GVHQI]`VJR_%:1IVJ CVJVIGCVRVC:8

:H 101 XRVH%C %`V_%1`V]`XVJ VVJ01`QJQRVC:V  :$J:J VR%`:J HV V]X`1QRV8

C:`VH.V`H.VRV`V0VJ%R:]]Q1J V %1 V;C:]]C1H: 1QJRV_%Q :C:1 1V`VJ 5%JVR1<:1JV R:$`1H%C V%`RVC RVC:C:% VRQ1`VVQJ  Q%`JX0V`C:H%C %`VRV]V 1 ``%1 V QJ H`XXCV 7JR1H: RV]`QR%H V%`RV``%1 `Q%$VRV;QJ RR%RVC:78H %VCCVIVJ 5 ]`QR%H V%`QJ  `:VIGCXVJ`Q%]VIVJ R'J X`Y HQJQI1_%V^'_H-V`CV`Q%$VIV CQH:C1X;:1J `QI:1J :H.:CI5R:JCV;X

8888 -7]V RXCV0:$V !:` V7

;:$`1H%C %`V]`XVJ V%`HVG:1JV  `WC:`$VIVJ RQI1JXV]:`C;XCV0:$VRVGQ01JRV 7]V V6 VJ1`:0VHVJ 5 QRVC>^J1 X`Q>X :1C_R%G:1J0V`:J 80;:]`WCV7VHVJVIVJ  XJX`:C$`1HQCVRV51C7:]`WRV GQ01J%`CVG:1J0V`:J VJV HVJQIG`VV  VJCX$W`V]`Q$`V1QJRV ;^JQIG`V Q :CRVGQ01J%`CVHQII%JVVJ`QJH 1QJRVC: %``:HVRVHQII%JV1JHC%VR:JCVG:1J0V`:J _8

V JQIG`V R> Q :C %` CV G:1J0V`:J V VJ CX$W`V :%$IVJ : 1QJVJ `V  V 8 5X:JIQ1J5HV V:%$IVJ : 1QJV VJ`:1  `WR1]:`: VVCQJCV 7]VRXCV0:$V8%`HV V ]X`1QRV5CVXCV0:$VVJ`Q` VH`Q1:JHVQJ C:0QC:1CCV^U Q_V CVX_%1J^U 5 Q_5HV%6RH1JV `V]`XVJ :J :%`1J:CV_%%JV`:1GCV]:` RVC> Q :C82JJQ V%JV`Q` VG:1VRVV``VH 1` ]Q`H1J%`HV V]X`1QRV8: VJR:JHV:H %VCCVV ;C:``Y R%RX0VCQ]]VIVJ 0Q1`%JVG:1VRVC: `1C1W`V0QC:1CCVV ]Q`H1JVHVRV`J1W`V:JJXV8

0V%6]]VCC: 1QJR2`1$1JV-`Q X$XV^2-_QJ ]`XVJ V%`CVG:1J0V`:J 7CVA1J$`:R% ;X

 Q%`HV701:$JQ 1HRVC:`VQ%`HVVJV:%R:JCVH:R`VR%R%1$JQJR%VC:75IQ[C2'5?5 '!5

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ``VH 1` ; @QIG`V  @QIG`V :` ;CQ :CV B0QC% 1QJ R ;Q01J     5 Q U5Q B_%1J    5 Q U 5 Q !:]`1J    5Q  801J    5 Q U5Q Q`H1J    5 Q R 5Q QC:1CCV      5 Q U 5Q C8C% Q U5 Q

?:GCV:% 70QC% 1QJRV]`1JH1]:%6 7]VR;XCV0:$V%`CVG:1J0V`:J 8

8888 !$`1H%C %`VG1QCQ$1_%V

;:$`1H%C %`VG1QCQ$1_%VHQJ 1 %V%JIQRVRV]`QR%H 1QJ_%1 `Q%0VQJQ`1$1J:C1 XR:JCV`VHQ%`; RV]`: 1_%VH%C %`:CVV R;XCV0:$VQ%H1V%VR%`V]VH R%010:J V RVX_%1C1G`VJ: %`VC81J15 VCCVV6HC% C;%:$VRV]`QR%1 H.1I1_%VRV7J .WV5RV2;V C1I1 VC;VI]CQ1R;1J `:J 8

VCQJCVH.1```VRVC:QH1: 1QJC:% VQ1`V>1QCQ$1_%V5 V6]CQ1 : 1QJ  %`CVHQII%JV R% `:0:1CCVJ VCQJCVH`1 W`VRVC:$`1H%C %`VG1QCQ$1_%VQ%VJHQJ0V`1QJ8!VH1HQ``V]QJR; QRVV6]CQ1 : 1QJ:$`1HQCVR%G:1J0V`:J 8XCV0:$VC:1 1V`V C:H 101 X]`1JH1]:CV`VHVJXV8 J 5C:]:` RVC:$`1H%C %`VG1QCQ$1_%VVJ%0V`$JVX :1 RV5 QV RVQ;CXH.VCCVJ: 1QJ:CV8

88 8 CQ%`1IVV CQ11` !:` V7!:]:H1 XR:HH%V1C Q%`1 1_%V]:`HQII%JV

VG:1J0V`:J R%1$JQJ]`XVJ V%J]Q VJ 1VC Q%`1 1_%VHVJ `X%`RV%6$`:JR .WIV7

RJ]: `1IQ1JVH%C %`VC `WR10V`^X$C1V5H.= V:%69_:1J1_%%J]: `1IQ1JV]`XR1JR% `1VCV  1JR% `1VC5Q```:J %JVC11G1C1 X]:7:$W`VV ]: `1IQJ1:CV  8

RJ]: `1IQ1JVJ: %`VC `W0:`1X5JQ :IIVJ I:`_%X]:`VHQ%`RV:%8

!V`Q` ]Q VJ 1VCVJ]: `1IQ1JVJ: %`VCV `VJ`Q`HX]:`C:]`XVJHVRVRV%6-:`H5: %`VC7X$1QJ:%6 %`%JV]:` 1VR%G:1JR%1$JQJ^:1J R!CXIVJ %`CV-:`H5: %`VC7X$1QJ:CRV;QJ R;`RWH.V V :1J R7X$1RR%R!Q1JV ;:`C.V%`CV-:`H5: %`VC7X$1QJ:CR%-1C: _8

0;:]`WC;X %RV-TCV Q%`1 1_%VR;%0V`$JV5 ]V`QJJVQJ V``VH 10VIVJ HQJQIIXRV ]`V : 1QJ Q%`1 1_%V%`CV V``1 Q1`VR%1$JQJR%VC:7V RVC:VIWJV8!VH.1```VV  Q% V`Q1; I1J1I:5VJ`:1QJR% `W`:1GCV]Q VJ 1VCRVRQJJXVR1]QJ1GCVV `1:GCV8

:HH%V1CRV011 V%`%`CV V``1 Q1`VR%V`:1 ]`1JH1]:CVIVJ %`_%: `VHQII%JV7?VJHV5V !.:IGQJ%`1$JQJ50V0VV V CV;:

!:CH%C`X:C1X%`C:G:VR%7V R%JV :GCVRVHQJ0V`1QJRV>:C1IVJ :1`V8!V0:CV%`QJ ;% 1C1V`:0VH ]`%RVJHVR%`:1 RVC1JHV` 1 %RV`Q` VR% 7]VRVH.V] VCV RVC:R%`XVRVCV%`]`XVJHV%`CV V``1 Q1`V8 Q%`HV775RQJJXV]:`HQII%JVVJ`QJH 1QJRVC:%``:HV1JHC%VR:JCVG:1J0V`:J  !.1```VHQJHV`J:J C:JQJR1]QJ1GCV  Q%`HV7-TCV Q%`1 1_%VR;%0V`$JV57JR1H: ;16 VRV?`Q17101W`V5I:`

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   51C:=Q% V  `X1RVJHVVHQJR:1`V8!VCCVRH1QJ ]`1JH1]:CVIVJ ]`XVJ V%`CV HQII%JVR%!.:IGQJ%`1$JQJ5?VJHV5V;:

%`C:H:` VRVH:]:H1 XR:HH%V1C Q%`1 1_%V5CV0:CV%`HQ``V]QJRVJ :%JQIG`VRVC1 ]:` HQII%JV5_%VC_%VQ1 CV%`%``:HV1J X$`XVR:JCVG:1J0V`:J 5:`1JRV`V`CX V`C:%$IVJ : 1QJ RVGVQ1JHQII%J:%6VJV:%]Q :GCVV ::1J1VIVJ VJ]X`1QRVV 10:CV8

;Q`1$1JV$XQ$`:].1_%VRVC:]Q]%C: 1QJ Q%`1 1_%VX=Q%`J:J %`CV]X`1IW `VR%888J;V ]: R1]QJ1GCVR:JC:G1GC1Q$`:].1V8V%CVCVRQJJXVHQ%0`:J CVRX]:` VIVJ RVC:% VRQ1`VQJ  R1]QJ1GCV81J11C`VQ` _%V QRVC:HC1VJ WCVX=Q%`J:J VJC:% VRQ1`VV ``:JM:1VV 01VJ  I:=Q`1 :1`VIVJ R;`CVRVA`:JHV5RV 7.TJVRC]V5RV-`Q0VJHVRC]VR!T VRR;<%`V R;%0V`$JV8 J`1J QRVC:HC1VJ WCVV X `:J$W`VV 01VJ RV]:7HQIIVC;CCVI:$JV5C:>VC$1_%V5CV-:7R >:5C;J$CV V``V5C:%1VV C;' :C1V8

V Q%`1IVC1X:%]: `1IQ1JVJ: %`VCGXJX`1H1VVJ]C%R;%J]:JVC1I]Q` :J R;:H 101 XHQIIVC: `:JRQJJXV]XRV `V:0VHH.VI1JRV`:JRV7:JRQJJXV%`CVG:1J0V`:J V %J$`:JRJQIG`V RVH.VI1JRV]V 1 V7:JRQJJXV8HVC:1C`:% X$:CVIVJ :=Q% V`CVVJ 1V` .XI: 1_%V5CV H1`H%1 X_%V `VV CV]:`HQ%`8?8?88V!QJV1CXJX`:CRVC:C:% VQ1`VQ%.:1 V:%$IVJ V`C: C11G1C1 XRV1 V Q%`1 1_%V]Q%`CV011 V%`V :RX0VCQ]]X%JC:GVCH7V]1`:JRQI8

V Q%`1IVC1X;C;V:%;:` 1H%CV:% Q%`RV7

R:]YH.V_%1Q```V%J]:JVC:V<C:`$VVJI: 1W`VRV]`: 1_%VV  VH.J1_%V.:C1V% 1_%V:0VHC: I:=Q`1 XRV`101W`VHC:XVVJ W`V  H: X$Q`1V]1H1HQCV7`%1V:%6RV Y VRVG:1J5 ]:`HQ%` 1J%V%6  VJ ]`:1`1V ]V`I:JVJ V5  `QJMQJ  RV  $Q`$V  VJH:1XV8  ;:1  :%1  :0VH  CV  G:``:$V  RV :0:CV V  HC:X  VJ   VIV  H: X$Q`1V  Q```:J  RV  ]Q1G1C1 X  RV  ]YH.V  VJ  G:`_%V8  ;Q```V  X :J  HQI]CX XV]:`R10V`]C:JR;V:%$X`X]:`RVQH1: 1QJ$`XVRV-YH.VV RV-`Q VH 1QJR% I1C1V%_%: 1_%V^>: .VC:JV;?VJHV5-`XC:$V`;:1J R7X$1RR%R!Q1J_Q%]:`RV]`Q]`1X :1`V]`10X ^CV;Q%C1JR%>Q%H.: :%;:

R'CV61 VRV%6]Q1J RVG:1$J:RV:% Q`1X%`CVG:1J0V`:J 8V]`VI1V`V 1 %XR:JCV1$JQJ :%!.:IGQJ%`1$JQJ8VRV%61WIVV 1 %X:%J10V:%RVC:G:VRVCQ11`$X`XV]:`CV7JR1H:  ;16 VRV:0:CV V%`CV]C:JRV:%R%IYIVJQI8V]X`1IW `V]`XH1RVHV V

RV]Q` R;V:%6010V_%1`V VJ HV]VJR:J %JV:H 101 X]C%]Q` 10V_%VRVCQ11`5 `WVH Q`1VCCV V  `WC1I1 XV5QJHQI] V;HV=Q%`%JV%C]:`HQ%`%`CV1$JQJVJ `VCV!.:IGQJ%`1$JQJV  ?VJHV8

R:0Q1CVV]`: 1_%V%`CV]C:JRV:%G:``:$VRV:0:CV VR% I:`:% JQ0VIG`V8

R0V]%15C:]`: 1_%VRVC;:01`QJ;V X$:CVIVJ RX0VCQ]]XV8CCVV `VJR%V:HHV1GCV:%6 ]V`QJJV.:JR1H:]XV%`RVG: V:%6]XH1:CVIVJ X_%1]XV ]QWRVIYIVCVC:GVC.:JR1]Q` 8

 0QJJXVHQII%J:CV]`Q]Q` 1QJJVCCV;C:%``:HVHQI]`1VR:JCVG:1J0V`:J

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  !C< 5 !8.BC@! 5 <8<.. 

888 %;X : V VX :GC1VIVJ ]%GC1H

8888 `X`VH %`V

RV-`X`V RVC:`X$1QJ!VJ `VV -`X`V HQQ`RQJJ: V%`R%G:1JQ1`VR>`V :$JV8HV 1 `V51C:J1IV V HQQ`RQJJV5:%JQIRVC; : 5C:]QC1 1_%VRVC;V:%RV RX]:` VIVJ 51 %XR:J `X$1QJ5 HQI]Q:J CVG:1JQ1`VR>`V :$JV8!V VI11QJV6V`HXVRV]%1 :X XHQJ`1`IXV]:`C:Q1%` C;V:%R% =:J01V`  8: I11QJV R;:%`V`C: HQ.X`VJHV V C;.QIQ$XJX1 X RV RXH11QJ ^JQ :IIVJ CV_HQJHV`J:J CVG:1J.7R`Q$`:].1_%V8

0V]%1CV=:J01V` 5CV]`X`V RVC:`X$1QJ!VJ `V:%`VX$:CVIVJ C:HQQ`R1J: 1QJR%-C:JQ1`V `:JRV%`5: %`V_%1HQJHV`JVC;:IXJ:$VIVJ 5C:]`Q VH 1QJV CVRX0VCQ]]VIVJ R%G:1JRVC: Q1`VV RVV:``C%VJ 8

RV-`X`V RV`X$1QJV CV-`X`V R%RX]:` VIVJ H.V`RC1V%RV`X$1QJ8'CIV VJ\%0`VCV]QC1 1_%V J: 1QJ:CV  V  HQII%J:% :1`V  VJ  I: 1W`V  RV  RX0VCQ]]VIVJ  XHQJQI1_%V  V  QH1:C  V  R;:IXJ:$VIVJ  R%  V``1 Q1`V8  'C  HQQ`RQJJV  CV  :H 1QJ  RV  Q% V  J: %`V  1J X`V:J  ]C%1V%` RX]:` VIVJ V V `V]QJ:GCVRVC:]`Q$`:II: 1QJRVH`XR1 R;1J0V 1VIVJ RVC; : V RV `QJR `%H %`VCV%`Q]XVJ80:JC;V6V`H1HVRVVI11QJ5CV-`X`V RV`X$1QJV :1 X]:`CV VH`X :1`VXJX`:C]Q%`CV``:1`V7X$1QJ:CV^7_V CV!.V`RVV`01HVRXHQJHVJ `X8

RV-`X`V RVRX]:` VIVJ :%JVHQI]X VJHV$XJX`:CV8'C`V]`XVJ VC; : V V `V]QJ:GCVRVC: I1VVJ\%0`VRVC:]QC1 1_%V$Q%0V`JVIVJ :CV8'CR1`1$VCVV`01HVRXHQJHVJ `XRVC; :  VC_%V C:00?8'CV CV`V]`XVJ :J RVC; : R:JC:]`QHXR%`V8

8888 6 :GC1 VIVJ ]%GC1H RVC;6 :

  $VJHVRVCV:%%Q1`VR;`V :$JV 

;:$VJHVRVC;V:%V %JX :GC1VIVJ ]%GC1HRVC; : 5;H:`:H W`V:RI1J1 `: 1`8:CQ1%`C;V:%RV    :  H`XX   :$VJHV  RV  C;V:%  _%1  \%0`VJ  R:J   $`:JR  G:1J  .7R`Q$`:].1_%V8  -:` 1V 1J X$`:J VR%V`01HV]%GC1HRVC;VJ01`QJJVIVJ 5VCCVQJ RQ XVRVC:]V`QJJ:C1 XH101CVV RV C;:% QJQI1V`1J:JH1W`V8

;:$VJHVRVC;V:%:1RV`1J:JH1W`VIVJ V  VH.J1_%VIVJ CV:H 1QJR;1J X`Y $XJX`:C:%V`01HVRV C;V:%V RVC;VJ01`QJJVIVJ R%G:1J7C:C% VHQJ `VC:]QCC% 1QJRVV:%65C:]`Q VH 1QJV C: `V :%`: 1QJRV`VQ%`HVVJV:%^`101W`V5]C:JR;V:%5J:]]V5V:%6C1 Q`:CV_V RVI1C1V%6 :_%: 1_%V8

;:$VJHVRVC;V:%1J V`01VJ R:JCVH:R`VRV]`Q$`:IIVR1J V`0VJ 1QJ]C%`1:JJ%VC]`X]:`XV  0:C1RX]:`CVHQJV1CR:RI1J1 `: 1QJV CVHQI1 XRVG:1J8CCVHQJ:H`VVJ01`QJI1CC1QJ R;V%`Q]:`:J;C:`VHQJ_%Y VRVC:_%:C1 XRVV:%6R%G:1JQ1`VR>`V :$JV8

V`VHV VRVC;:$VJHVRVC;V:%QJ CV`VRV0:JHV_%VCCV]V`MQ1 :%]`WRV%:$V`RVCV:% ^.:G1 :J 5:H V%`XHQJQI1_%V_VJ`QJH 1QJRV0QC%IVR;V:%]`XCV0XV HQJQIIXV RV ]QCC% 1QJ`V=V XV8CCVCV`VR1 `1G%VQ%`Q`IVR:1RV`1J:JH1W`V:%6I:4 `VRQ%0`:$V]`10X Q%]%GC1H_%1HQJHQ%`VJ ;C:C% VHQJ `VC:]QCC% 1QJRVV:%65;C:IXC1Q`: 1QJRVC:$V 1QJRVC: `VQ%`HVVJV:%5;C:]`Q VH 1QJV C:`V :%`: 1QJRVI1C1V%6:_%: 1_%VJ: %`VC5;C:`VHQJ_%Y V RVC:_%:C1 XRVV:%6R:JC1J X`Y HQII%JR%G:1J8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L !QIIV Q%CVX :GC1VIVJ ]%GC1H5C:$VJHVRVCV:%V $X`XV]:`%JHQJV1CR:RI1J1 `: 1QJ ^Q`$:JVRXC1GX`:J _V %JR1`VH V%`^Q`$:JVV6XH% 1`_8

:]QC1 1_%VRVC;V:%V RX`1J1V]:`CV!QI1 XRV>:1J8!`XX]:`C:CQ1%`C;V:%R% RXHVIG`V  5  HV  HQI1 X  V  HQJ%C X  %`  Q% V  CV  $`:JRV  Q] 1QJ  RV  C:  ]QC1 1_%V  RV  C;V:%  R:J  : H1`HQJH`1] 1QJ8

VHQI1 XV HQI]QXRV IVIG`V 1 %C:1`V7

R `V]`XVJ :J RV`X$1QJ5 `V]`XVJ :J RVRX]:` VIVJ 5`V]`XVJ :J RVHQII%JV6

R `V]`XVJ :J RV%:$V`6

R`V]`XVJ :J RVC; : V  ]V`QJJ:C1 XRX1$JXV]:`CVHQJV1CXHQJQI1_%VV QH1:%6RV `X$1QJ8

QJ`TCV7

RCVHQI1 XV HQJ%C X%`CV$`:JRVQ] 1QJRVC:]QC1 1_%VRVCV:%R:JCVG:1J6

R1C:]]`Q%0VCV]`Q$`:IIVR1J V`0VJ 1QJRVC:$VJHVRVCV:%6

R  1C  RQJJV  QJ  :01  HQJ`Q`IV  ]Q%`  _%V  CV  RXH11QJ  R% HQJV1C  R:RI1J1 `: 1QJ  `VC: 10V  :%6 `VRV0:JHVQ1VJ :]]C1H:GCV6

R1C%1 CV6XH% 1QJR%]`Q$`:IIV1J V``X$1QJ:CQ1`V$`:JRV%`J: %`V]Q%`V0QCV `VC: 1`;C;V:%8

R1CXC:GQ`VC;X : RVC1V%6V CVH.XI:R1`VH V%`R:IXJ:$VIVJ V RV$V 1QJRVV:%6^0_ ]`X0%]:`C:R1`VH 10VH:R`V%`C;V:%5V 1CIV VJ\%0`VC;1J`Q`I: 1QJ5C:]:` 1H1]: 1QJV CV HQJ%C : 1QJ]`X0%V]:`C:R1`VH 10VH:R`V%`C;V:%86

R1C:]]`Q%0VCVV : `1G%VCV:$`XIVJ :%6HQJ `: RV`101W`V8

5>7:!2II11QJR%;'C1V%5 %`VC:_%: 1_%VRVG:1J^!2;'5_51J 1 %XV]:`RXH`V R% =%1J  5V HQJ%C XV%`CV05CV5CVHQJ `: RV`101W`VV  Q% ]`Q$`:IIVQ%H.XI: `VC: 1`;C:]`Q VH 1QJRVI1C1V%6J: %`VC:_%: 1_%VR%G:1J5RQJ CVH.XI:RX]:` VIVJ :%6 RV0QH: 1QJ]1H1HQCV8

  %;8``1HV@: 1QJ:CRVC:%V RV.1C1V%6_%: 1_%V

./7`VI]C:HVCV QJ V1C %]X`1V%`RVC:YH.V %1 V;C:CQ1 %`C;V:%V CV I1C1V%6:_%: 1_%V R% RXHVIG`V

;2``1HV5: 1QJ:CRVC;:%V RV;1C1V%6_%: 1_%V^25;_V %JX :GC1VIVJ ]%GC1H]C:HXQ% C: % VCCVR%I1J1 `VH.:`$XRVC;VJ01`QJJVIVJ 8

% 1 `VRVC:HQJJ:1:JHV5RVC:]`Q VH 1QJV RVC:%`0V1CC:JHVRVC;V:%V RVI1C1V%6:_%: 1_%V5 C;Q``1HVIWJVVJ]:` 1H%C1V`RV]`Q$`:IIVRV`VH.V`H.VV R;X %RVHQJ:H`X;C: `%H %`VV :% `QJH 1QJJVIVJ RVXHQ7 WIV:_%: 1_%V5;C;X0:C%: 1QJRV1I]:H RV:H 101 X.%I:1JV5;C: `V :%`: 1QJRVI1C1V%6:_%: 1_%VV ;C;V``1H:H1 XR%V`01HV]%GC1HRVC;V:%V RVC;::1J1VIVJ 8

% 1 `VRVC;:]]%1`Q%`J1:%6:H V%`]%GC1HR:JCVRQI:1JVRVC;V:%5C;Q``1HV:1 VCVI1J1 W`V H.:`$XRVC;VJ01`QJJVIVJ JQ :IIVJ R:JC;XC:GQ`: 1QJRVC:`X$CVIVJ : 1QJ :J V%`Q]XVJJV_%V J: 1QJ:CVV ]Q%`:I1VVJ\%0`V5R:JC:HQQ`R1J: 1QJRVC;X :GC1VIVJ RV]`Q$`:IIVRV %`0V1CC:JHVRVC;X : RVV:%68

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L ;:H 1QJRVC;Q``1HV;VR1``X`VJ XH.VCQJ V``1 Q`1:%6HQI]CW VHVCCVRVV`01HVRVC; : V RV :$VJHVRVC;V:%8;Q``1HV:1 VJQ :IIVJ CVHQI1 XRVG:1J]Q%`C:`X:C1: 1QJRVC;:J:C7VRV 1JH1RVJHVRV:H 101 X%`C;X : RVV:%6:1J1_%VRV:J:C7VXHQJQI1_%VRV% 1C1: 1QJRV C;V:%8

%`CV]X`1IW `VR%5QJ`V `Q%0VRV%6XH.VCQJ V``1 Q`1:%6RVC;25;7

RC:0XCX$: 1QJ1J V``X$1QJ:CVG:XV;2`CX:J7VCCV]1CQ VC;:H 1QJRVV`01HVRX]:` VIVJ :%6V  HQQ`RQJJVCV%`:H 101 X]Q%`C:I1VVJ\%0`VRVC:0!V RV`XV:%6RVC25;^72;57C-5 7C_V VJ:%`VC:7J .WV`X$1QJ:CV8CCV:]]Q` VQJ:]]%1;CQ`1VJ : 1QJV C:HQQ`R1J: 1QJRV :H 1QJ]1H1HQCVVJ$:$XV]:`CV`XRX`: 1QJRX]:` VIVJ :CVR:QH1: 1QJ:$`XXV]Q%`C:]YH.V V C:]`Q VH 1QJR%I1C1V%:_%: 1_%VRQJ VCCVV C:HQJV1CCW`VVJI: 1W`V:RI1J1 `: 10V5=%`1R1_%V V  VH.J1_%V8CCV]Q` V:]]%1;C:]QC1HV:RI1J1 `: 10VVJ1J V`0VJ:J %`RVRQ1V`HQI]CV6V5 JQ :IIVJ VJI: 1W`V.7R`:%C1_%VV LQ%1J V`RX]:` VIVJ :%68

RCVV`01HV7X$1QJ:CG:X;VI]RV8'CV6XH% VRVI11QJRV]QC1HV:RI1J1 `: 10V=%R1H1:1`V ^]QC1HVRVCV:%V RVC:]YH.VJQ :IIVJ _VJC1:1QJ:0VHCV]`QH%`V%`RVC:7X]%GC1_%V80:JHV H:R`V51CV IVIG`VRVV`01HV RX]:` VIVJ :%6 RV ]QC1HVRV C;V:% V  ]C:HX Q% C;:% Q`1 X `QJH 1QJJVCCVR%H.V`RVV`01HV8'C]:` 1H1]V;C:]`Q VH 1QJRVI1C1V%6:_%: 1_%VV ;CV%`I1VVJ 0:CV%`]1H1HQCV8

  %8``1HV@: 1QJ:CRVC:!.:VV RVC:2:%JV:%0:$V 

;25!AV %JX :GC1VIVJ ]%GC1HJ: 1QJ:C5;H:`:H W`V:RI1J1 `: 1`5Q%C:RQ%GCV % VCCVRV I1J1 `V  H.:`$X  RV  C:  H.:V  V  RV  C:$`1H%C %`V5  1I]C:J X  R:J  Q%  CV  RX]:` VIVJ  IX `Q]QC1 :1JV RQ% `VRIV`8

'CHQJ `1G%V;C:RX`1J1 1QJ5;C:I1VVJ\%0`VV :%HQJ `TCVRVIV%`VRV$V 1QJ5VJ]:` 1H%C1V` ]:`C:H.:V5RV 1JXV;]`XV`0V`C:`:%JV:%0:$VV V.:G1 : V HQI]: 1GCV:0VHCV:% `V :H 101 X.%I:1JV8

VI11QJQJ 7

R  `X:C1V`  RV  X %RV5  RV  `VH.V`H.V  V  RV  V6]X`1IVJ : 1QJ  HQJHV`J:J  C:  HQJV`0: 1QJ5  C: `V :%`: 1QJV C:$V 1QJRVC:`:%JV:%0:$VV RVV.:G1 : V C:I1VVJ0:CV%`RVHVCCVRH1]:`C: H.:V6

R]:` 1H1]V`;C:I1VVJ0:CV%`V C:%`0V1CC:JHVRVC:`:%JV:%0:$V:1J1_%:%`V]VH RVC: `X$CVIVJ : 1QJ`VC: 10V;C:]QC1HVRVC:H.:V6

R:]]Q` V`;C; : QJHQJHQ%`]Q%`CX0:C%: 1QJRVCX : RVC:`:%JV:%0:$V:1J1_%VCV%101RV: $V 1QJ5  V  :  H:]:H1 X  RV6]V` 1V  V  QJ  :]]%1  VH.J1_%V  ]Q%`  CXC:GQ`: 1QJ  RV  Q`1VJ : 1QJ `X$1QJ:CV8

  %V!VJ `V@: 1QJ:CRVC:`Q]`1X X`Q`V 1W`V 

V!5-AV %JX :GC1VIVJ ;H:`:H W`V:RI1J1 `: 1`8'C\%0`V:%]`WRV]`Q]`1X :1`V`Q`V 1V` V  RV  XC%  ]Q%`  ]`QIQ%0Q1`  C:  $V 1QJ  R%`:GCV  RV  `Q`Y   V  :IXC1Q`V`  :1J1  C:  _%:C1 X  RV ]V%]CVIVJ 5RVCVJ01`QJJVIVJ V RV]:7:$V5:1J1_%VC:HQI]X 1 101 XRVC:`1C1W`V`Q`Y RGQ18

:  RXCX$: 1QJ  `X$1QJ:CV5  CV  !VJ `V  7X$1QJ:C  RV  C:  -`Q]`1X X  `Q`V 1W`V  ^!7-A_  Q1`V  `:0:1CCV `X$%C1W`VIVJ ;RV:H 1QJRVVJ1G1C1: 1QJ;C:]`Q VH 1QJRVC:`VQ%`HVVJV:%:0VHCV:H V%` R%RX]:` VIVJ 8JV]C:_%V V%`C:C V`J: 10V;CVJ`X1JVIVJ RVGV`$V:X XHQR`XR1$XV:0VHCV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L '!R:JCVH:R`VR%HQJ `: `V :%`: 1QJR%C:% 1$JQJ8!VCCVRH1V R1``%XV:%]`WRV ]`Q]`1X :1`V`Q`V 1V`CQ`RVHQJV1C1JR101R%VCQ%CQ`RVI:J1`V : 1QJV `X%J1QJ8

  %8``1HV@: 1QJ:CRV2Q`Y  

;25AV %JX :GC1VIVJ ]%GC1H;H:`:H W`V1JR% `1VCV HQIIV`H1:C5]C:HXQ%C: % VCCVRVC; :  ^;1J1 W`VRVC$`1H%C %`VV RVC:-YH.VV ;1J1 W`VRVC;HQCQ$1VV R%0X0VCQ]]VIVJ R%`:GCV_8 ; : :HQJ`1X;C2``1HV_%: `V$`:JRVI11QJR1J X`Y $XJX`:C7

RC:]`Q VH 1QJR% V``1 Q1`V]:`C:$V 1QJRV`1_%VJ: %`VCRVC:`Q`Y ]:`C:H`X: 1QJRV`XV`0V J: %`VCCVV G1QCQ$1_%V6

RC:]`QR%H 1QJRVGQ1VJHQJ=%$%:J CVV61$VJHVXHQJQI1_%V5XHQCQ$1_%VV QH1:CV6

RC:HH%V1CR%]%GC1H]:`CV:IXJ:$VIVJ 5C1J`Q`I: 1QJV C:VJ1G1C1: 1QJ;CVJ01`QJJVIVJ 6

RC;:H 101 XRV]:` VJ:1`VJ: %`VC:%V`01HVRV Q%CV`V]QJ:GCVRVI1C1V%6J: %`VC^:%]C:J J: 1QJ:CV 1J V`J: 1QJ:C_6

25A$W`VR1`VH VIVJ ]Q%`CVHQI] VRVC; : V RVHQCCVH 101 XCQH:CV]C%RVI1CC1QJ R.VH :`VRV`Q`Y V RV]:HVJ: %`VCR%JV$`:JRVR10V`1 XI:11C0V1CCVX$:CVIVJ %`RV .:G1 : J: %`VC:QH1X;C:`Q`Y JQ :IIVJ CV Q%`G1W`V8VJVIGCVRVHVV]:HV:G`1 V%JV $`:JRVR10V`1 XG1QCQ$1_%V825AIWJVRV]`Q$`:IIVRX %RV]Q%``:0Q`1V`CVI:1J 1VJRV HV VG1QR10V`1 X8

8888 6 :GC1 VIVJ ]%GC1H`X$1QJ:C

  %$VJHV

7V %JX :GC1VIVJ ]%GC1H`X$1QJ:C;H:`:H W`V:RI1J1 `: 1`8CCVV H.:`$XVRVRXHC1JV` `X$1QJ:CVIVJ C:]QC1 1_%VRV:J X8%`CVRQI:1JVR%HQJ `TCV:J1 :1`VRVV:%6RV 1JXV_C: HQJQII: 1QJ.%I:1JV5CV7 `:0:1CCVJ :%J10V:%RX]:` VIVJ :C]:`RXCX$: 1QJRV-`X`V 8

7`V]`VJRCVHQI]X VJHVRV:JH1VJJV00.Q`I1CV0QCV :H 1QJQH1:C]`1VJH.:`$V]:` C:00!--^01`VH 1QJRX]:` VIVJ :CVRVC:HQ.X1QJQH1:CVV RVC:]`Q VH 1QJRV]Q]%C: 1QJ_8

%`CV]X`1IW `VR%1$JQJR%VC:7QJ ]`XVJ VCV7R%0V`$JVV RV7.TJVC]V8

8888 V`01HV RXHQJHVJ `X RVC;6 :

V  V`01HV  RXHQJHVJ `X  RV  C; :  QJ  CV  `V]`XVJ :J   Q]X`: 1QJJVC  RV  CV%`  I1J1 W`V `V]VH 1`8

V]X`1IW `VR%X :J ;H.V0:C%` `Q1RX]:` VIVJ V RV%6`X$1QJ5 Q%CVV`01HV ]`XVJ XH1RRVQ%QJ ;]`VJR`VVJHQI] VVJ `1]CV85X:JIQ1J5CVG:1J0V`:J R% X :J ; Q%`C:C:% VQ1`V5CVV`01HVRVHVRX]:` VIVJ QJ ]C%HQJHV`JX_%VHV%6RVC: Q1`VV RVC`RWH.V8

VV`01HVRXHQJHVJ `XRVC; : 1J V`0VJ:J R:JCVRQI:1JVRVCV:%QJ `V$`Q%]XVJ;11QJ 'J V`V`01HVRVC;:%V RVC:5: %`V^;1VJRVC:C:% VQ1`V5RVC:Q1`VV RVC`RWH.V_8:JV %G 1 %V`;C:H 101 XRVV`01HVRXHQJHVJ `X5HV$`Q%]VRV `:0:1C01VJ ;:%`V`%J:01 %J1_%VRVC; : R:JCVRQI:1JVRVC:-QC1HVRVC:%V RV;1C1V%6_%: 1_%V8

!QJH`W VIVJ 5  CV%`  `TCV  QJ  R1J `%1`V  CV  ]`QHXR%`V  :RI1J1 `: 10V  R:% Q`1: 1QJ  V  RV RXHC:`: 1QJ8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L   $`1H%C %`V52Q`Y  

V01`VH 1QJ0X]:` VIVJ :CVR%?V``1Q Q1`V^00?_QJ RVV`01HVRXHQJHVJ `XRVC : H`XX:% V`=:J01V`5]`VJ:J C:`Q`IVR%JVR1`VH 1QJRX]:` VIVJ :CV1J V`I1J1 X`1VCCV5]C:HXVQ% C:% Q`1 XR%]`X`V RVRX]:` VIVJ 8V00?`V$`Q%]VJ CV:JH1VJJV01`VH 1QJ0X]:` VIVJ :CV RVC$`1H%C %`VV RVC:AQ`Y ^00A_V RVC_%1]VIVJ ^00_:1J1_%VCVV`01HVVJ01`QJJVIVJ  RV-`X`VH %`V8

V00?1J V`01VJJVJ R:JRVRQI:1JV0:`1X:0VH]Q%`QG=VH 1`7

R:]`QIQ 1QJR;%JRX0VCQ]]VIVJ R%`:GCV6

R:HQJJ:1:JHVV X_%1C1G`VRV V``1 Q1`V%`G:1JV `%`:%66

R:]`X0VJ 1QJRV`1_%VJ: %`VCV  VH.JQCQ$1_%V6

R:I1VVJ\%0`VRV]QC1 1_%VVJI: 1W`VR;VJ01`QJJVIVJ 5R;:$`1H%C %`V5R;:IXJ:$VIVJ 5 R;%`G:J1IV5RVCQ$VIVJ 5RVHQJ `%H 1QJV RV `:J]Q` 8

CCV `:0:1CCVJ JQ :IIVJ %`CV:]VH RV]`X011QJV RVHQJJ:1:JHVRV`1_%VC1X:%I1C1V% J: %`VC^1JQJR: 1QJV H8_V V VJH.:`$VC:]QC1HVRVC;V:%%`C;VJVIGCVRVHQ%`R;V:%JQJ RQI:J1:%68

%`CV]X`1IW `VR%1$JQJR%VC:7QJ ]`XVJ VCV00?RVC:C:% VQ1`V5RVC:Q1`VV RV C`RWH.V8

  J01`QJJVIVJ 

:07%0V`$JVV CVV`01HV`X$1QJ:CR%I1J1 W`VRVC;HQCQ$1V5R%0X0VCQ]]VIVJ R%`:GCV5RV ?`:J]Q` V R%Q$VIVJ VJ%0V`$JV8CCVV 1%VRVC:`%1QJRVC:0'75^0'`VH 1QJ7X$1QJ:CV RVC;J01`QJJVIVJ _5RVC:07^01`VH 1QJ7X$1QJ:CVRVC;_%1]VIVJ _V RVC:07'7^01`VH 1QJ 7X$1QJ:CVRVC;'JR% `1V5RVC:7VH.V`H.VV RVC;J01`QJJVIVJ _RQJ VCCV`V]`VJRCVI11QJ5 .Q`I1CVRX0VCQ]]VIVJ 1JR% `1VCV C:IX `QCQ$1VCX$:CV8:07`X%J1 :1J1:%V1JR;%JIYIV V`01HV  RV  C; :  CV  HQI]X VJHV  :%  J10V:%  `X$1QJ:C  VJ  I: 1W`V  R;VJ01`QJJVIVJ 5  RV RX0VCQ]]VIVJ R%`:GCV5R;XJV`$1V5RVCQ$VIVJ 5RV `:J]Q` V R;:IXJ:$VIVJ 8

Q%C;:% Q`1 XR%-`X`V RV`X$1QJ5HV VJQ%0VCCV `%H %`V`X$1QJ:CV:%`V%J]1CQ :$V%J1_%VRV ]QC1 1_%VRVRX0VCQ]]VIVJ R%`:GCVVJ`X$1QJ5`X%C :J JQ :IIVJ RVVJ$:$VIVJ R%`VJVCCV J01`QJJVIVJ :1J1_%VHVCCVR%CQ$VIVJ V RVC:01CCV8VI11QJHQJ1 VJ ;7

R  C:GQ`V`  V  IV `V  VJ  \%0`V  CV  ]QC1 1_%V  RV  C; :  VJ  I: 1W`V  R;VJ01`QJJVIVJ 5  RV RX0VCQ]]VIVJ V R;:IXJ:$VIVJ R%`:GCV6

RC:GQ`V`V IV `VVJ\%0`VCV]QC1 1_%VRVC; : VJI: 1W`VRVCQ$VIVJ 5JQ :IIVJ C;Q```VRV CQ$VIVJ 5C:C% VHQJ `VC;.:G1 : 1JR1$JVV C:`XJQ0: 1QJ%`G:1JV6

RV1CCV`;C;1J X$`: 1QJRV]`1JH1]VV QG=VH 1`RVRX0VCQ]]VIVJ R%`:GCVR:JC:I1VVJ\%0`V RV:H 1QJHQJR%1 V]:`C; : V X0:C%V`Q%`:1`VX0:C%V`C;1I]:H VJ01`QJJVIVJ :CRVHV:H 1QJ6

R1 V`CV:% Q`1 X:RI1J1 `: 10VR:JCV%``TCVR;:% Q`1 XVJ01`QJJVIVJ :CV%`CV]C:J5 ]`Q$`:IIVV ]`Q=V 6

R!QJ `1G%V`;C:RX`1J1 1QJRVC: `: X$1VR%I1J1 W`VV RVX :GC1VIVJ ]%GC1HVJ`X$1QJV  ]1CQ V`:I1VVJ\%0`V6

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L R0X0VCQ]]V`%JV]QC1 1_%VRV `:J]Q` V RVRX]C:HVIVJ 5;IYIVRV`X]QJR`V:%6GVQ1JRV C:]Q]%C: 1QJ5V ]V`IV :J %JV`XR%H 1QJRVXI11QJRV$:<;V``V RVV``V8!QJ `1G%V`; ]`QIQ%0Q1`C:XH%`1 X`Q% 1W`V6

R%`V`C:]`XV`0: 1QJV CVI:1J 1VJRVC:G1QR10V`1 XV RV]:7:$V6

R7XR%1`VV $X`V`CV`1_%VJ: %`VC5 VH.JQCQ$1_%VV H.`QJ1_%V6

R%`V`%JV$V 1QJR%`:GCVRVC:`VQ%`HVVJV:%V RV`VQ%`HVI1JX`:CV6

R% V`HQJ `VCV]QCC% 1QJV CVJ%1:JHV6

R-`QIQ%0Q1`C:]:` 1H1]: 1QJRVH1 Q7VJR:JC;XC:GQ`: 1QJRV]`Q=V R%I1J1 W`V:7:J %JV 1JH1RVJHV%`C;VJ01`QJJVIVJ Q%C;:IXJ:$VIVJ R% V``1 Q1`V6

R!QJ `1G%V`;C;1J`Q`I: 1QJ5C:`Q`I: 1QJV C;XR%H: 1QJRVH1 Q7VJ:%6VJ=V%6R%RX0VCQ]]VIVJ  R%`:GCV8

QJ ]`XVJ V%`CV V``1 Q1`VR%C:07%0V`$JVV ]C%I1JQ`1 :1`VIVJ C:077.TJV C]V8

  H 1QJQH1:CV 

:01`VH 1QJRX]:` VIVJ :CVRVC:HQ.X1QJQH1:CVV RVC:]`Q VH 1QJRV]Q]%C: 1QJ^00!--_ :%`VJ RVI11QJR:JCVRQI:1JVRVC::J X5RVC::J X.Q]1 :C1W`V5RVC:XH%`1 X:J1 :1`V5 RVC;:H 1QJQH1:CV5RVC:]`Q VH 1QJQH1:CV8

!V  I11QJ  Q%H.VJ  :% HQJ `TCV  RV C:  _%:C1 X V  RV  C:  XH%`1 X  :J1 :1`V  RV  :C1IVJ 5  ;  C: ]`XV`0: 1QJ  RV  CVJ01`QJJVIVJ  V  RV  CV]:HV  J: %`VC5  ;  C:  `V]QJ:G1C1 X  RV  CVJV1$JVIVJ  :$`1HQCV5  :%  RX0VCQ]]VIVJ  XHQJQI1_%V  RV  VH V%`  :$`1HQCV  V  :$`Q1JR% `1VC  V  :% RX0VCQ]]VIVJ RVCVI]CQ1VJI1C1V%`%`:C5:%6$`:JR]`Q=V R:IXJ:$VIVJ R:JCVRQI:1JVRV C;.:G1 : 5RVC:HQJ `%H 1QJV RVC;%`G:J1IV5R% `:J]Q`  V``V `V5:X`1VJV I:`1 1IVV R% ?Q%`1IV8

888 !QCCVH 101 X V``1 Q`1:CV5 `%H %`V1J V`HQII%J:CVV  X :GC1VIVJ ]%GC1HCQH:%6

8888 QCCVH 101 X  V``1 Q`1:CV

  !QJV1C

:CQ1R%I:` 51J1 1: `1HVR%]`QHV%RVRXHVJ `:C1: 1QJRVHQCCVH 101 X V``1 Q`1:CVCQH:CV ``:JM:1V5RQJJV;C:7X$1QJQJ : % RVHQCCVH 101 X V``1 Q`1:CV5:%IYIV 1 `V_%VCV!QII%JV V 0X]:` VIVJ 8VVH V%`R1J V`0VJ 1QJRV!QJV1C7X$1QJ:%6QJ : `1G%X]:`C:CQ18

0V%6GCQHRV`V]QJ:G1C1 XQ&C:7X$1QJ1J V`01VJ Q1 V%CV5Q1 VJ]:` VJ:`1: :0VHCV:% `V HQCCVH 101 XQJ R1 1J$%X7

[XR%H: 1QJV `Q`I: 1QJ7HQJ `%H 1QJV `XJQ0: 1QJRVC7HXVV X :GC1VIVJ RVJV1$JVIVJ  VHQJR:1`V5VJ `V 1VJ5X_%1]VIVJ V `QJH 1QJJVIVJ 5`Q`I: 1QJ]`Q`V1QJJVCCVV :]]`VJ 1:$V5

[  :IXJ:$VIVJ  R%  V``1 Q1`V  7  ]C:J1`1H: 1QJ  V  RX0VCQ]]VIVJ  XHQJQI1_%V5  `:J]Q`   V  1J``: `%H %`V5%`G:J1IVV CQ$VIVJ 5VJ01`QJJVIVJ 5H%C %`VV `VH.V`H.V5:H 1QJQH1:CVV :J X8 0:JHVRQI:1JV5C:HQCCVH 101 X1J V`01VJ VJ]:` VJ:`1: :0VHC; : V R:% `VHQCCVH 101 X01:CV !QJ `: RV-`Q=V 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V!QJ `: RV-`Q=V  : R7X$1QJ`16VCV$`:JRV]`1Q`1 XXHQJQI1_%VV QH1:CVV ]`X0Q1 CV ]`Q$`:IIVRb:H 1QJRV1$J: :1`V8

VHQJ `: RV-`Q=V RVC;%0V`$JV RHQI] V_%: `V0QCV 7

R0XVJHC:0V`C;%0V`$JV7:IXC1Q`V`C;:HHV1G1C1 X`V``Q01:1`V6

R%`V`CVRX0VCQ]]VIVJ XHQJQI1_%VVJHQJH1C1:J RX0VCQ]]VIVJ R%`:GCVV HQI]X 1 101 X6

R0X0VCQ]]V`CVXJV`$1V`VJQ%0VC:GCVV IV `VVJ\%0`V%J]C:JG1QR10V`1 XV _%:C1 XRVV:%66

R;V `VVJ]C:HV%J0QCV  V``1 Q`1:C`Q` V X_%1C1G`X8

VHQJ `: RV-`Q=V RV7.TJVC]V RHQI] V `V1

R`:JR]`Q=V 7'J0V 1`%`RV:6V`V``Q01:1`VI:=V%`6

R`:JR]`Q=V 70X0VCQ]]V`CV `:J]Q` HQCCVH 1`]:`C;1J V`IQR:C1 X6

R`:JR]`Q=V 7HHQI]:$JV`CV]TCVRVHQI]X 1 101 XV HC% V`6

R`:JR]`Q=V 7]]%7V`CVRX0VCQ]]VIVJ 1J V`J: 1QJ:CRV]TCVRV`VH.V`H.VV R;VJV1$JVIVJ  %]X`1V%``.TJ:C]1J6

R`:JR]`Q=V  70X0VCQ]]V`C:R1``%1QJV CV `:J`V` RV VH.JQCQ$1V5C;1JJQ0: 1QJV C:H`Q1:JHV RV-;6

R`:JR]`Q=V  7Q% VJ1`C:HQI]X 1 101 XRV`1C1W`V:$`1HQCV6

R`:JR]`Q=V  7IXC1Q`V`C:01VX %R1:J V6

R`:JR]`Q=V  7!`XV`C;V]:HVRV`V 1 % 1QJRVC:$`Q V!.:%0V 6

R`:JR]`Q=V  7'J0V 1`R:JCV`VQ%`HVVJ01`QJJVIVJ :CVRVC:IQJ :$JV6

R`:JR]`Q=V 7;VJV`CV]C:J`X$1QJ:CRVC% VHQJ `VCVH.:J$VIVJ HC1I: 1_%VV ]Q%`C: ]`XV`0: 1QJRVC:G1QR10V`1 X6

R`:JR]`Q=V 7Q% VJ1`C:`V01 :C1: 1QJRVC;:$$CQIX`: 1QJRV:1J R 1VJJV6

R`:JR]`Q=V 7 7VJ`Q`HV`C:HQ.X1QJQH1:CVV `:0Q`1V`%J RX0VCQ]]VIVJ X_%1C1G`X RV V``1 Q1`V%`G:1J6

R`:JR]`Q=V 7J 1H1]V`V :HHQI]:$JV`CVI% : 1QJXHQJQI1_%V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   %VHQJV1C$XJX`:%6 

V!QJV1CXJX`:C5RV]%1C:CQ1RVRXHVJ `:C1: 1QJR%I:` 5`W$CV]:`VRXC1GX`: 1QJCV :``:1`VR%RX]:` VIVJ 5VJ]:` 1H%C1V`C:H`X: 1QJRVV`01HV]%GC1HRX]:` VIVJ :%65C:$V 1QJ RVG1VJR%RX]:` VIVJ V QJG%R$V 8'C:RVHQI]X VJHVCX$:CV5`16XV]:`C:CQ15V RV HQI]X VJHV`:H%C : 10VVJ`QJH 1QJRVGVQ1J]XH1`1_%V8VHQI]X VJHVR%!QJV1CXJX`:C QJ RQJHJQIG`V%VV  Q%H.VJ _%Q 1R1VJJVIVJ ;C:01VRVH1 Q7VJ8

[!QI]X VJHVCX$:CV7'J V`0VJ 1QJ:J1 :1`VV QH1:CV50Q1`1V5 `:J]Q` HQC:1`V5HQCCW$V ]%GC1HV ]`10X5H%C %`V5X_%1]VIVJ `%`:C5]C:JRX]:` VIVJ :CRV1 1JX`:1`VRV]`QIVJ:RVV RV `:JRQJJXV5$V 1QJR%]V`QJJVCRX]:` VIVJ :CV $V 1QJV ]QC1HVR%RQI:1JVRX]:` VIVJ :C6

[!QI]X VJHV`:H%C : 10V7'J V`0VJ 1QJXHQJQI1_%V5:1RV:%6HQII%JV5VJV1$JVIVJ ]%GC1H5 VJV1$JVIVJ ]`10X5`VH.V`H.V5:1RVQH1:CV `:H%C : 10V5]: `1IQ1JVV :J1I: 1QJH%C %`VCCV5 Q%`1IV^;:1QJR%?Q%`1IV_V VJ01`QJJVIVJ ^$V 1QJRVV]:HVJ: %`VCVJ1GCV5888_8

!QJV1CXJX`:%6QJ ]`XVJ %`CV V``1 Q1`VR%7HVC%1RVC:% VQ1`V5RVC:Q1`VV RV C`RWH.V8

V!QJV1CXJX`:CRVC:C:% VQ1`V:RX0VCQ]]XRV]%1 RVHQI]X VJHVVJV:%]Q :GCV5 ::1J1VIVJ VJ]Q` :J :1 :JHV:%6HQCCVH 101 XR%RX]:` VIVJ 8JVHQI]X VJHVRV%101RV C:_%:C1 XRVV:%6RVHQ%`RV:%R%RX]:` VIVJ V :%1I1VVJ]C:HV:0VH]C%1V%`R1<:1JVRV  : 1QJRV%1018

8888 'V HQII%JV

V  HQI]X VJHV  RV  HQII%JV  R:J  C:  $V 1QJ  RV  C;V:%  V  QJ  ]`Q$`V10VIVJ  X VJR%V JQ :IIVJ ;]:` 1`RVC:CQ1%`C;V:%R%=:J01V` 8:HQII%JVV RV0VJ%V`V]QJ:GCVRV C;:]]`Q011QJJVIVJ V RVC:R1 `1G% 1QJRVC;V:%]Q :GCVI:1X$:CVIVJ RVC;X]%`: 1QJRVV:%6V  RVC:$V 1QJRVV:%6VJ$XJX`:C8

JVHQII%JV]V%  `:J`X`V`:HQI]X VJHV^V:%V LQ%::1J1VIVJ _;%JX :GC1VIVJ ]%GC1H RVHQQ]X`: 1QJ1J V`HQII%J:C^-!'__%1:%IV;:]C:HVVQGC1$: 1QJ8J`V0:JH.V51CJ;7:]: RXCX$: 1QJ]Q1GCVRV]Q%0Q1`$XJX`:%6RV]QC1HVR%I:1`V8

8888 'V  `%H %`V 1J V`HQII%J:CV

  B :GC1VIVJ %GC1HRV!QQ]X`: 1QJ?J V`HQII%J:CV

!VX :GC1VIVJ  XIQ1$JVJ RVJQ%0VCCV1J V`HQII%J:C1 X%`G:1JV1J 1 %XV]:`C:CQ1R% =%1CCV  `VC: 10V:%`VJ`Q`HVIVJ V ;C:1I]C1`1H: 1QJRVC:HQQ]X`: 1QJ1J V`HQII%J:CV8

;QG=V RVC:HQQ]X`: 1QJV R;:QH1V`RVHQII%JV:%V1JR;%JV]:HVRVQC1R:`1 XVJ0%VRV C;XC:GQ`: 1QJ  R;%J  ]`Q=V  HQII%J  RV  RX0VCQ]]VIVJ  V  R;:IXJ:$VIVJ  RV  C;V]:HV8  V  :GC1VIVJ -%GC1HRV!QQ]X`: 1QJ'J V`HQII%J:CVV6V`HVJ VJ`QJH 1QJRVCV%` : % RV HQI]X VJHVQGC1$: Q1`V5`:H%C : 10VV LQ%Q] 1QJJVCCV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L %`CV V``1 Q1`VR%QJHQI] V HQII%J:% XRVHQII%JV^0Q1`H:` V_7

 !QII%J:% XRVHQII%JVRV>Q% 1W`V6

 !QII%J:% XRVHQII%JVRV;:`H.VR%VC:76

 !QII%J:% XRVHQII%JVRV;QJ R%-1C: 6

 !QII%J:% XRVHQII%JVR%C:% 1$JQJ6

 !QII%J:% XRVHQII%JVR%C:% 10:`:16

 !QII%J:% XRVHQII%JVR%;V7$:C6

 !QII%J:% XRVHQII%JVR%-:7RV;QJ `:%HQJ6

 !QII%J:% XRVHQII%JVR%-:7RV%H6

 !QII%J:% XRVHQII%JVR%-:7R%;X

   `%H %`V1J V`HQII%J:CVR:JCVRQI:1JVRVC;V:%]Q :GCV 

:HQI]X VJHVHQJHV`J:J CVV`01HV]%GC1HR:RR%H 1QJVJV:%]Q :GCV]V% Y `V]Q` XV]:`C: HQII%JVQ% `:JI1V;%J7JR1H: 1J V`HQII%J:CR1 H7JR1H: ]`1I:1`VI8

'CV61 V:%1RV7JR1H: RV]`QR%H 1QJRV:%]Q :GCV8!V%6RH1QJ HQIIVI11QJC:]`QR%H 1QJ RV:%]Q :GCVV :I1V;R1]Q1 1QJ:%J10V:%R%`XV`0Q1`HQII%J:C8:HQI]X VJHVV:%]Q :GCV `V V;C:H.:`$VRVC:HQII%JVQ%R%7JR1H: ]`1I:1`V8

J`1J5  1C  V61 V  RV  7JR1H:   _%1  ]`Q]QVJ  RV  ]`V : 1QJ  H;  C:  H:` VI  :%6  HQCCVH 101 X HQI]X VJ V7$V 1QJRV`XV:%65$V 1QJR%JV%1JVRV]`QR%H 1QJRV:%]Q :GCVV H8%`CV V``1 Q1`V5QJ ]`XVJ CV7JR1H: RVV:%6R%VC:7V CV7JR1H: RV:%6Q1`V1$JQJ^_8: HQI]X VJHV`V V;C:H.:`$VRVC:HQII%JVQ%R%7JR1H: ]`1I:1`V:R.X`VJ 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L @QIR%7JR1H: C7]VRV7JR1H: !QCCVH 101 XR% :: VRVH`X: 1QJ HQJHV`JXV 7JR1H: ]`1I:1`V^$W`VCV `XV:%5V``VH %VCV :1J R-:CR0VR;QJ5:1J R 7JR1H: RVV:%6RVC: ``Y XI1J1 X`1VC `:0:%65RXCW$%VRV 7QI:1JR:H.:CI5 VIWJV^_ =:J01V` I11QJ:RI1J1 `: 10V 0%J1W`V V  VH.J1_%V:%_ `:<:H5:] V57:%HQ%CV5 7JR1H: RVV:%6RV ;QJ `:%HQJRVJRVC:75 ``Y X]`X`VH Q`:CR% 7JR1H: ]`1I:1`V .QJ `V$:`R ;QJ `V$:`RV %JV]:` 1V V` QH QG`V  RV0%J1W`V 7JR1H: ?J V`HQII%J:C RV`QR%H 1QJR:% 1J$V:%65:1J RIV%`V5 7JR1H: ]`1I:1`V Q :GCV^?_ :1J R;:%`1HVRRVR1$JQJ R1J$V:%6 %V7JR1H: .16 VRV `QR%H 1QJV  ;QJ1 `QCR%`RQ1`V5 VR 7JR1H: ]`1I:1`V RRR%H 1QJR:% 1$QCWJV5V1CCV V ^._ %V7JR1H: RVV:%6RV ?VJHV5CV;:RRVR?VJHVV  7JR1H: ]`1I:1`V Q(   CVJHV !.VJV`V1CCV 7JR1H: RV:%6RV2:7R 7JR1H: ]`1I:1`V A:7R%`R1$JQJ V] VIG`V %`R%1$JQJ

?:GCV:%77JR1H: RV$V 1QJRVV:%6R%G:1J0V`:J  

%`  CV  `V V  R%  V``1 Q1`V5  V  QJ  CV  HQII%JV  _%1HQJV`0VJ CV%`HQI]X VJHVVJ :RR%H 1QJRV:%]Q :GCV8:I11QJR:RR%H 1QJRV:%]Q :GCVV :%`XVVJ`X$1VR1`VH VI1V; ]:` ]Q%`CVHQII%JVRV:1J RJR`XRVJR10:`:150V0VV 5;:`V :1J R$`W0V_%1RX :H.VJ  CV%`$V 1QJRVCV:%;C:7V CV!.:IGQJR%`R1$JQJ;XQC1:8

 Q%`HV701:$JQ 1HRVC:`VQ%`HVVJV:%R:JCVH:R`VR%R%1$JQJR%VC:75I82'5?5 5`:]]Q` RV  :$VRVC1HVJHV]`Q`V1QJJVCCV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L    `%H %`V1J V`HQII%J:CVR:JCVRQI:1JVRVC;::1J1VIVJ JQJHQCCVH 1`

J:]]C1H: 1QJRVC:CQ1%`C;V:%5CVHQII%JVQ%CV$`Q%]VIVJ RVHQII%JVRXC1I1 VJ :]`W VJ_%Y V]%GC1_%V%J

!VC%1RH1]`XH1V7

R  CV

RCV

R CV

RCV

V 

%`CVG:1J0V`:J R%1$JQJR%VC:75CVV`01HV]%GC1HR::1J1VIVJ JQJHQCCVH 1`V :%`X ]:`CVHQII%J:% XRVHQII%JV5CVHQII%JVQ%RV7JR1H: 8

  :7 

:  CQ1 R%   AX0`1V`    R;Q`1VJ : 1QJ  ]Q%` C;:IXJ:$VIVJ  V  CV  RX0VCQ]]VIVJ  R% V``1 Q1`V ^828808?8_5R1 VCQ1-:_%:5]`X0Q1 H%JVQ`$:J1: 1QJR% V``1 Q1`V`QJRXV%`CVJQ 1QJRVG:1J RV01V5Q`$:J1XVJ]:75V RV`XV:%6RV01CCVI80:JQJ 1 `V''5HV VCQ1RX`1J1 %HH1JH VIVJ CV ]:7HQIIV%J V``1 Q1`V]`XVJ :J %JVHQ.X1QJ$XQ$`:].1_%V5H%C %`VCCV5XHQJQI1_%VQ%QH1:CV5 V6]`1I:J C:HQII%J:% XR;1J X`Y XHQJQI1_%VV QH1:%6:1J1_%V5CVH:XH.X:J 5CVQC1R:`1 X `XH1]`Q_%VVJ `VC:01CCVV C;V]:HV`%`:CI8'CV` RVH:R`V;C:RX`1J1 1QJ]:`CVHQCCVH 101 X V``1 Q`1:CVV CV%`$`Q%]VIVJ R;%JH]`Q=V HQII%JRVRX0VCQ]]VIVJ I8

:CQ1Q7JV RV HQJ:H`:1 CV]:7HQIIVRVV]:HVRV`XRX`: 1QJRV:H V%`]%GC1HV  ]`10X:% Q%`R;%J]`Q=V V R;%JHQJ `: 8J`1J5VJ5C:CQ1`G:J1IVV C:G1 : 1I]C1`1:1VJ CV ]`QHXR%`VR;Q`$:J1: 1QJV RV`VHQJJ:1:JHVRV]:78

%`CV]X`1IW `VR%QJ ]`XVJ 7

RCV-:7RVC:IV%JVQ1`VV V7101W`V_%1V X :GC1VJ]:` 1V%`!QII%J:% XRV!QII%JV HQJHV`J:J :1J1HQII%JVR%G:1JR%1$JQJ8'C:X X`VHQJJ%]:`CV-`X`V RV7X$1QJR%  RXHVIG`VV V ]Q` X]:`CV7JR1H: RVC:=V%JVQ1`VV V`101W`V8'C;:` 1H%CV:% Q%`RV `Q1:6VI:=V%`7VRX0VCQ]]V`VJC1VJ:0VHC: `W`Q` VR7J:I1_%VRV7.TJVRC]V5HQJ `%1`V%J RX0VCQ]]VIVJ  R%`:GCV  R:J  %J VJ01`QJJVIVJ ]`Q X$X  V  :%`V` C:  QC1R:`1 X VJ `V  V``Q1`5 :H 101 XV $XJX`: 1QJ8'C:I1 VJ]C:HV%JH.XI:RV!Q.X`VJHV?V``1 Q`1:CV^!2?_%`QJ V``1 Q1`V_%1:X X:]]`Q%0XCVRXHVIG`V  8

 Q%`HV71 V1J V`JV -:7RVC:IV%JVQ1`V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L R V -:7 R% VC:7V 1 %X%` CVG:1J 0V`:J R%1$JQJ R% VC:7%`C: !QII%J:% X RV !QII%JVR%]:7R%;X

RV-:7`RWH.VV` VCQH:C1X:%JQ`RRVC;`RWH.V51CHQI] V HQII%JV `%H %`XVVJ  1J V`HQII%J:C1 X8-Q%`CVG:1JR%1$JQJ51CHQJHV`JVCVHQII%JVRV;:`50V0VV 5:1J  $`W0VV :1J RJR`XRVJR10:`:18V-:7V ]Q` X]:`CV7JR1H: ;16 V`RWH.V0V` V8:H.:` VV  CV]X`1IW `VRX`1J1 1`QJ X X0:C1RX]:`C; : CVV`RXHVIG`V8VHQJ `: H:R`VR%-:7RV C`RWH.V0V` V:X X1$JXCV =%1J 8'CRX`1J1VJ=V%6I:=V%`7RX0VCQ]]VIVJ XHQJQI1_%V5 X0QC% 1QJRVC;VJ01`QJJVIVJ 5RX0VCQ]]VIVJ R%H:R`VRV01VV RVVV`01HV;C:]Q]%C: 1QJV  Y `V`:H V%`RV]`Q$`W  8

  %V:`H@: %`VC

V-:`HJ: %`VC`X$1QJ:%6^-57_QJ X XH`XX]:`RXH`V CVV`I:` ]Q%`RQJJV`RVQ% 1C ]XH1`1_%V  R:IXJ:$VIVJ  V  RV  RX0VCQ]]VIVJ  ;  RV  V``1 Q1`V  ;  CX_%1C1G`V  ``:$1CV  V  :% ]: `1IQ1JVJ: %`VCV H%C %`VC`1H.VV IVJ:HX5`:1:J CQG=V R%J]`Q=V RVRX0VCQ]]VIVJ `QJRX %`C:]`XV`0: 1QJV C:0:CQ`1: 1QJR%]: `1IQ1JV8

JRXH`V R%V`V] VIG`V CV%`:RQJJX%JV:1V`X$CVIVJ :1`VV CV%`: `1G%VCVQG=VH 1` %10:J 7

R]`Q X$V`CV]: `1IQ1JV5

RHQJ `1G%V`;C:IXJ:$VIVJ R% V``1 Q1`V5:%RX0VCQ]]VIVJ XHQJQI1_%V5QH1:CV H%C %`VCV ;C: _%:C1 XRVC:01V5

R:%`V`C:HH%V1C5CXR%H: 1QJV C1J`Q`I: 1QJR%]%GC1H5`X:C1V`RV:H 1QJV6]X`1IVJ :CVQ% V6VI]C:1`VR:JHVRQI:1JVV HQJ `1G%V`;RV]`Q$`:IIVRV`VH.V`H.V8

V-:`HJ: %`VC`X$1QJ:%6QJ RVH V``1 Q1`VR;V6]X`1IVJ : 1QJR%RX0VCQ]]VIVJ R%`:GCVI8 'C]QWRVJ %JC:GVCV %JVH.:` V]`Q]`V;H.:_%V]:`HXC:GQ`XVVJHQJHV` : 1QJ:0VHCVJVIGCV RV]:` VJ:1`V V``1 Q`1:%68

0V%6-57QJ ]`XVJ %`CV V``1 Q1`VR%7CV-57R%-1C: %`CVHQII%JVRV 7X$1R% !Q1JV ;:`C.V:1J1_%VCV-57RV;QJ R`RWH.V]Q%`:1J !CXIVJ 8

8888 'V X :GC1 VIVJ ]%GC1H

; :GC1VIVJ -%GC1HQ1`V^-_V %J7JR1H: I16 VH`XXCVJQ0VIG`V 8QJQG=V V RV IQG1C1V`C:QC1R:`1 XRVHQCCVH 101 XC1$X`1VJJVR:JCV`V]VH R%]`1JH1]VRV%G1R1:`1 XV  :J1IV`%J`XV:%R;:H V%`C1$X`1VJ8V7JR1H: I16 VV HQI]QX]:`C;:R.X1QJRV`X$1QJ5RV RX]:` VIVJ 5  RV  HQII%JV  RQJ  C:  ]Q]%C: 1QJ  V  %]X`1V%`V  ;      .:G1 :J   ^Q%  RV $`Q%]VIVJ RVHQII%JVHQJ 1 %XR:J%JV:$$CQIX`: 1QJHQI]Q` :J :%IQ1J%JVHQII%JV RQJ  C: ]Q]%C: 1QJ V %]X`1V%`V ;   .:G1 :J _  V RV  $`Q%]VIVJ  RX]:` VIVJ :%6 RV HQII%JVRVIQ1JRV.:G1 :J HQIIVCV7JR1H: 'J V`HQII%J:CR;IXJ:$VIVJ RVC: Q1`VV RVV``C%VJ C:% VQ1`V8

 Q%`HV71 V1J V`JV 7JR1H: ;16 V`RWH.VV` V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L ; :GC1VIVJ -%GC1HQ1`V`X:C1VQ%`:1 `X:C1V`CVX %RV5C:HQJ `%H 1QJV C;V6]CQ1 : 1QJRV Q%0`:$V]%GC1H:1J1_%VCV:IXJ:$VIVJ RV 1JX%`CVHQ%`RVC:Q1`VV RVV:``C%VJ ;7

[:%`V`C:]`Q VH 1QJHQJ `VCV1JQJR: 1QJ6

[:IXC1Q`V`CV`X$1IVV C:_%:C1 XRVV:%66

[;`:0Q`1V`CVRX0VCQ]]VIVJ RV:H 101 XXHQJQI1_%VV C:]`Q VH 1QJRVC;VJ01`QJJVIVJ R:J CV`V]VH RVHQI]X VJHVRVHQCCVH 101 X V``1 Q`1:CV1J X`VXVV R:JCV`V]VH RVQ] 1QJ `X$1QJ:CV8

%`CV V``1 Q1`VR%5C-V 1J V`0VJ%]Q%`CV`1J:JHVIVJ RX %RV_%1HQJR%1 :%6 `:0:%6R% -C:JR;IXJ:$VIVJ ]Q%`C:-`X0VJ 1QJRV'JQJR: 1QJVJQ1`VIQJ R:JCVHQII%JVRV 0%J1W`VV 71Q Q`R8

0V]C%5C-IV ;R1]Q1 1QJQJ1 V1J V`JV ;C:!R%]Q%`C:R1``%1QJRVRQH%IVJ 8

888 8 ':01CCVRV !;.-#-;#..#

:1CCVRV'5??'55V ]`Q]`1X :1`VRVG:``:$VRV:0:CV VV RVC:!.:]VCV V:1J1_%V RV`XV`0Q1`V R%JV]:` 1VRV]:`HVCCV:% Q%`RVC:`V VJ%V8

JV]:` 1VRVV:%6]`XCV0XVR:JHVHQI]CV6VV VJ0Q7XV0V`C%1JVRV]`QR%H 1QJRV:% ]Q :GCVRVQC:%`V]Q%`:C1IVJ V`C:$$CQIX`: 1QJ X].:JQ1V8JV:% `V]:` 1VV ]`XCV0XV]Q%` RV7JR1H: RV]`QR%H 1QJRV:%]Q :GCV:C 1C1$X`1VJ8

!QJ`Q`IXIVJ ;C:` 1HCV7R R%!QRVRVCJ01`QJJVIVJ 5CV]`Q]`1X :1`VR%G:``:$VRVHC:V 5RQ1 `:1`V%JV`V0%VRV(`V X_%1HQJ1 V;R`VV`%JHQJ : R%J10V:%RV(`V XRVQJ Q%0`:$V8!V V`V0%V1J W$`VCVJVIGCVRVRQJJXVRV%`0V1CC:JHV:HH%I%CXV]VJR:J C:01VRV CQ%0`:$V:1J1_%VHVCCVQG VJ%V;C1%VRV6:IVJV``VH %X%`CV]:` 1V.:G1 %VCCVIVJ  JQ7XVQ%R1``1H1CVIVJ :HHV1GCV:JIQ7VJ]XH1:%68!V V`V0%VRV(`V XV `VJQ%0VCXV Q% CVR16:J8

888 8`$:J1: 1QJ]`Q`V1QJJVCCVV :QH1: 1QJ

8888 `$:J1 : 1QJ ]`Q`V 1QJJVCCV

  !.:IG`VRX]:` VIVJ :CVV `X$1QJ:CVR;$`1H%C %`V

V!.:IG`VR$`1H%C %`VQJ X XHQJ 1 %XVVJ  8CCV `:0:1CCVJ VJX `Q1 V`VC: 1QJ:0VH CVJVIGCV  RV  :H V%`  RV  C:IXJ:$VIVJ  R% V``1 Q1`V  7  :  V  !QCCVH 101 X CQH:CV8 CCV  QJ  JQ :IIVJ RV%6I11QJR1 1JH V7

[7V]`XVJ V`V RX`VJR`VCV1J X`Y :$`1HQCV7`Q`I%CV`RV:01V ]`Q]Q1 1QJ:%]`WRVC: ]%1:JHV]%GC1_%V%` Q% V_%V 1QJHQJHV`J:J C:$`1H%C %`V6

[AQ%`J1`R1``X`VJ V`01HV:HHQI]:$J:J R1`VH VIVJ Q%1JR1`VH VIVJ CV:H 101 X_%1]`XVJ VJ  %JH:`:H W`VR1J X`Y $XJX`:C:%V`01HVRVC:$`1H%C %`V^`Q`I: 1QJ51J`Q`I: 1QJV HQJV1C_8

:!.:IG`VR$`1H%C %`VRVC:C:% VQ1`V1J V`01VJJV%`CV]X`1IW `VR%R:JRVJQIG`V%6 RQI:1JV  7  1J :CC: 1QJ  RV  V6]CQ1 : 1QJ  :$`1HQCV5  `Q`I: 1QJ  RV  :H V%`  R%  IQJRV  :$`1HQCV5 :HHQI]:$JVIVJ  RV  VJ `V]`1V  5  VJ01`QJJVIVJ 5  ]`QIQ 1QJ  RV  `1C1W`V  ^01:JRV  GQ01JV5 I:`:4H.:$V501 1H%C %`VV H8_5RX`VJVRVC:$`1H%C %`VR:JCV V``1 Q1`VR:JCVH:R`VRVJQ%0VCCV 1J V`HQII%J:C1 X5]`QIQ 1QJRVC;VI]CQ1:$`1HQCV5 `:M:G1C1 XRV`1C1W`V:J1I:CV51J`Q`I: 1QJV  HQII%J1H: 1QJ8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L   !.:IG`VRX]:` VIVJ :CVV `X$1QJ:CVRV!QIIV`HVV R;?JR% `1V 

V!!'QJ X XH`XXVCV :0`1C 8CCV`V]`XVJ VJ CV1J X`Y $XJX`:%6R%HQIIV`HV5RV C1JR% `1VV RVV`01HV:%]`WRV]Q%0Q1`]%GC1H8VI11QJRVH.:IG`VRVHQIIV`HVV  R1JR% `1VQJ 7

[7V]`XVJ V`CVVJ `V]`1V]Q%`RX`VJR`VCV%`1J X`Y XHQJQI1_%V6

[$1`%`CVJ01`QJJVIVJ RVVJ `V]`1V]Q%`]`X]:`V`C:0VJ1`R% V``1 Q1`V6

[-`Q]QV`RVV`01HV]Q%`:1RV`CVVJ `V]`1V:%_%Q 1R1VJ8

  !.:IG`VRX]:` VIVJ :CVV `X$1QJ:CVRV.X 1V` 

V  !.:IG`V  0X]:` VIVJ :CV  RV  ;X 1V`  QJ  X X  1J 1 %XV  VJ    8  CCV  :%`VJ  C: `V]`XVJ : 1QJ  RV  C;:` 1:J:  R:J  QJ  VJ01`QJJVIVJ  ]QC1 1_%V5  XHQJQI1_%V  V  QH1:C8  CCV HQCC:GQ`VJ :0VHCV!QJV1CXJX`:%6V CVHQII%JV%`CV]`Q=V 1J X`V:J CVVJ `V]`1V :` 1:J:CVV CVRX0VCQ]]VIVJ CQH:C8

V: `1G% 1QJRV!.:IG`VRV;X 1V`HQJHV`JVJ C:R1``%1QJRVC;1J`Q`I: 1QJ=%`1R1_%V5`1H:CV5 QH1:CVV XHQJQI1_%VJXHV:1`V;C;VJ `V]`1V:` 1:J:CV7H`X: 1QJ5RX0VCQ]]VIVJ V  `:JI11QJ5 `X]V` Q1`V  RV  IX 1V`  V  HVJ `V  RV  `Q`I:C1 X  RV  VJ `V]`1V5  `Q`I: 1QJ  V  :]]`VJ 1:$V  V  ]`QIQ 1QJRVC;VJ `V]`1V:` 1:J:CV8

8888 ! QH1: 1QJ RVCQ1 

0V:QH1: 1QJHCQ1 I1J V`01VJJVJ VJ`:0V%`RVC:]`Q VH 1QJV RVC:$V 1QJRV1 V `VI:`_%:GCV%`CV V``1 Q1`VR%1$JQJR%VC:77

  %V:QH1: 1QJRVRX`VJVV RV]`Q VH 1QJRVC:J: %`V7

 5: %`VC:% VQ1`V:]Q%`QG=VH 1`C:HQJJ:1:JHVV C:]`Q VH 1QJRVC:J: %`VR:JCV RX]:` VIVJ 8CCV::%1]Q%``TCVRV`XRX`V`CV:QH1: 1QJR%RX]:` VIVJ _%1\%0`VJ  ]Q%`C:HQJV`0: 1QJR]`XV`0: 1QJRVC:5: %`V8

 2 Q1`V10:J V%`Q]V:J710V` 5V 1Q`@ A`:JHV V %JV:QH1: 1QJRVC% V]Q%`C: ]`XV`0: 1QJR%`CV%0VQ1`V80VJQIG`V%V:H 1QJRVVJ1G1C1: 1QJ;C:]`Q VH 1QJRVC: `VQ%`HVVJV:%QJ ]Q` XV]:`HV V:QH1: 1QJ8

 :1$%VRV-`Q VH 1QJRV21V:%6^-2_%0V`$JVV %JV:QH1: 1QJRQJ CVG% V C: ]`Q VH 1QJRVQ1V:%6V RVXHQ7 WIVRQJ 1CRX]VJRVJ 5

 :AXRX`: 1QJRVC:7X$1QJ%0V`$JV]Q%`C:5: %`VV C;J01`QJJVIVJ ^A75_:]Q%` QG=VH 1`RVIVJV`RVX %RV%`CVI1C1V%65RVR1``%V`CV1J`Q`I: 1QJV RVI1C1 V`]Q%` CV%`]`Q VH 1QJ5

 V:I1RVC:?V``V8

  %V!QJV`0: Q1`VRV]:HV@: %`VC

V  !5  %0V`$JV  ^:JH1VJ !QJV`0: Q1`V  RV  V]:HV  V  ]:7:$V  R%0V`$JV_  1J V`01VJ  %`  CV V``1 Q1`VR%8'CIV VJ\%0`VRV:H 1QJ01:J ;C:HQJJ:1:JHVR%]: `1IQ1JVJ: %`VC5;: ]`XV`0: 1QJ5:$V 1QJV :I1VVJ0:CV%`5VJ]:` 1H%C1V`%`CV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L I11QJ5RVQ% 1CRVI:4 `1V`QJH1W`VQ%RVHQJ0VJ 1QJRV$V 1QJ:0VHCV]`Q]`1X :1`VQJ I1 VJ]C:HV8

V!57.TJVC]V1J V`01VJ RVI:J1W`V]C%C1I1 XV8

  2XRX`: 1QJ:X]:` VIVJ :CVRVQH1: 1QJRVYH.VV RV`Q VH 1QJRV.1C1V%6  _%: 1_%V

V AXRX`: 1QJ0X]:` VIVJ :CV-Q%`C:-YH.VV C:-`Q VH 1QJR%;1C1V%_%: 1_%V QJ RV :QH1: 1QJCQ1RV 80:JH.:_%VRX]:` VIVJ 5CV`XRX`: 1QJ`V$`Q%]VJ CVQH1: 1QJ $`XXV  ]Q%`  C:  -YH.V  V  C:  -`Q VH 1QJ  RV  ;1C1V%6  _%: 1_%V  ^--;_  V  CQH1: 1QJ 0X]:` VIVJ :CV$`XXVRV-YH.V%`I: V%`:%6J$1JV :%6A1CV %`CV:%6R%0QI:1JV -%GC1H8

VAXRX`: 1QJQJ H.:`$XVRV7

[:]`Q VH 1QJRVI1C1V%6:_%: 1_%V5

[:I1VVJ0:CV%`V C:%`0V1CC:JHVR%RQI:1JV]1H1HQCV5

[VRX0VCQ]]VIVJ RVC:]YH.V:I: V%`5

[:]`QIQ 1QJR%CQ11`]YH.V5

[:HQQ`R1J: 1QJV CVQ% 1VJ:%6--;5

[:HQCCVH VRVHQ 1: 1QJ]Q%`C:]`Q VH 1QJRVI1C1V%6:_%: 1_%V8

-Q%`IVJV`;G1VJHVI11QJ5CVAXRX`: 1QJXC:GQ`VJ V :%`VJ C:I1VVJ\%0`VV CV%101 RV-C:J0X]:` VIVJ :%6]Q%`C:-`Q VH 1QJR%I1C1V%:_%: 1_%VV C:V 1QJRV`VQ%`HV ]1H1HQCV^-0-_V RV-C:J0X]:` VIVJ :%6RV-`QIQ 1QJR%Q11`]YH.V^-0-_8

?`Q1`XRX`: 1QJQJ HQJHV`JXV%`CV V``1 Q1`VR%7A0--;C:% VQ1`V5`RWH.VV Q1`V8

  QH1: 1QJ$`XXVRVYH.VV RV`Q VH 1QJR%.1C1V%_%: 1_%V^._

V]X`1IW `VR%1$JQJR%VC:7V HQ%0V` ]:`--;7

R R:JC:C:% VQ1`V7C:?`%1 VR%1$JQJ5--;?VJHVR;QJ `:%HQJ5--;0%J1W`V71Q Q`R5 --;;QJ1 `QCQ%`J1V`5QH1X XRV]YH.VR%-%7VJVC:75C--;V:I1RVRV%6V:%65 --;QH1: 1QJRV]YH.V%`;C:C1$JVR1J$V:%68

RVJ`RWH.V7: `%1 V:1J $`W0Q1VV C:?`%1 V:1J ;:` 1JQ1V8

RR:JC:Q1`V7: `%1 VRV$`:JRGQ18

  2XRX`: 1QJ:X]:` VIVJ :CVRV!.:V 

V  AXRX`: 1QJ  0X]:` VIVJ :CV  RV  !.:V  QJ  C1J :JHV  Q``1H1VCCV  RV  C:  H.:V  %`  CV  ]C:J RX]:` VIVJ :C8CCVQJ ]Q%`QG=V RV`V]`XVJ V`CV1J X`Y RVH.:V%`R:JCVRX]:` VIVJ 7 HQI]`1RV0:J CVR1``X`VJ V=%`1R1H 1QJ5R:1RV` Q%V:R.X`VJ V RVHQQ`RQJJV`CV%`V``Q`  VJ0%VR:IXC1Q`V`C:H.:VR:JC1J X`Y $XJX`:C8

V%`I11QJQJ RV7

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L []:` 1H1]V`;C:I1VVJ0:CV%`R%]: `1IQ1JVH7JX$X 1_%VRX]:` VIVJ :CV ;C:]`Q VH 1QJRVC: `:%JV:%0:$VV RVV.:G1 : ^]`X0VJ 1QJR%G`:HQJJ:$VV $V 1QJRV.:G1 : _5

[Q`$:J1V`C:`Q`I: 1QJRVH:JR1R: :%6X]`V%0V .XQ`1_%VV ]`: 1_%VRVCV6:IVJ]Q%`C: RXC10`:JHVR%]V`I1RVH.:V`8

8888 'V"`Q%]VIVJ R#6]CQ1 : 1QJ=7R`:%C1_%V'Q1`VR!`RWH.V

V`Q%]VIVJ R6]CQ1 : 1QJC7R`:%C1_%VQ1`V`RWH.VV %JVVJ 1 XR0A_%1:]Q%`I11QJC: ]`QR%H 1QJR;.7R`QXCVH `1H1 X%`_%: `V%1JVRVHV V0:CCXV7C%1JVRVV`1C.:H5VJRV V -QJ  RV1$JQJV 8

H %VCCVIVJ 5CV_%: `V%1JVR%1$JQJQJ V6]CQ1 XV]:`CV:$VJ 0AR%Q 1$JQJ8V G:``:$VRV:0:CV VV :!.:]VCV VQJ C:]`Q]`1X XRVC:01CCVRV:1J  1VJJV80A5]:` HQJ0VJ 1QJ:0VHC:01CCVRV:1J  1VJJV5R1]QVR%J0QC%IVR:JC:`V VJ%VRV:0:CV VV HVCCV RVC:!.:]VCV V8V%1JVRVV`1C.:HV RVVJRV QJ HQJHXRXV]:`C; : ;0A]:`RXH`V VJ R: VR%RXHVIG`V 80AV  1 %C:1`VR%JVC1HVJHVRV6]CQ1 : 1QJRVG:``:$VRV-QJ RV 1$JQJV 8

888 :QH%IVJ R%`G:J1IVV RV]C:J1`1H: 1QJ

8888 'V  H.XI: RV .X`VJHV-V``1 Q`1:CV^ -_ !:` V7:QH%IVJ R%`G:J1IVHQII%J:%6V 1J V`HQII%J:%6

V  8!28?  ^H.XI:  RV  !Q.X`VJHV  V``1 Q`1:CV_5  1%  RV  C:  CQ1  878  ^QC1R:`1 X  V  7XJQ0: 1QJ `G:1JV_QJ HQJM%R:J%JV]V`]VH 10VRVRX0VCQ]]VIVJ R%`:GCV8

]:` 1`R;%JR1:$JQ 1HV R;%J-88080^-`Q=V R;IXJ:$VIVJ V RV0X0VCQ]]VIVJ 0%`:GCV_1C `16VJ HCVQ`1VJ : 1QJRVC;Q`$:J1: 1QJRVC;V]:HVV RVC:`V `%H %`: 1QJRVV]:HV%`G:J1X V RX V`I1JVJ CV$`:JRX_%1C1G`VVJ `VCVV]:HV%`G:1J5;%`G:J1V`5J: %`VC5:$`1HQCVQ% `Q`V 1V`I8'CRQ10VJ `V]VH V`RV]`1JH1]V$XJX`:%6R;X_%1C1G`VVJ `V7

R:IXJ:$VIVJ V ]`Q VH 1QJR:JCV`V]VH RVQG=VH 1`RVRX0VCQ]]VIVJ R%`:GCV5

RR10V`1 XRV`QJH 1QJ%`G:1JVV I161 XQH1:CV5

R$V 1QJXHQJQIVRVC;V]:HVVJ `V]`Q VH 1QJRVC;VJ01`QJJVIVJ V ]`X0VJ 1QJRV`1_%V5RV ]QCC% 1QJV RVJ%1:JHV8

V!2?QJ %JV]Q` XV=%`1R1_%V]%1_%VCV:% `VRQH%IVJ R%`G:J1IVHQIIVCV-C:J QH:%6R`G:J1IVQ%CVH:` VHQII%J:CVRV0`QJ C%1Y `VHQI]: 1GCV8'CVJV RVIYIV]Q%` CVQ]X`: 1QJR:IXJ:$VIVJ HQIIVCVQJVRIXJ:$VIVJ !QJHV` XQ%HV` :1JCQ 1VIVJ 8 !V]VJR:J 5HQJ `:1`VIVJ :%6RQH%IVJ R%`G:J1IVHQII%J:%65CV!2?:$1 ]C% T HQIIV%J H:R`:$V$XJX`:CV JVRX`1J1 ]:RQ`1VJ : 1QJ;C:]:`HVCCV8

JV  `Q1 CV  RQH%IVJ   R%   ^`W$CVIVJ  V  -0_  :]]`Q%0X5  CV  !2?  RV0`:  Y `V  I1  VJ HQI]: 1G1C1 X:0VHCVQ`1VJ : 1QJR%8

%`CVG:1JR%1$JQJ5RV%68!828?QJ :]]`Q%0X7

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L RV8!828?%RQ1`V;X VJR%` @IV `V]`XVJ V:% Q :C HQII%JVQ1    .:G1 :J 8  QJ  X]1HVJ `V  V  C:  01CCV  RV  :1J R 1VJJV  ^    .:G1 :J _8  :C1RX  ]:`  C;:``Y X ]`X`VH Q`:CR% I:15:I1VVJ]C:HVV``VH 10VR: VR% QH QG`V 8'CV ]Q` X]:`CV 7JR1H: ;16 V8!828?%RQ1`V8%`CVG:1JR%1$JQJHQII%JVHQJHV`JXV]:`HV8!828?QJ  ;:`.CVV :1J R7X$1RR%R!Q1J  8

V-`Q=V RIXJ:$VIVJ V RV0X0VCQ]]VIVJ 0%`:GCV^-00_RX`1J1V QG=VH 1`I:=V%`7

8!QJ `%1`V%J]TCVRVRX0VCQ]]VIVJ I:=V%`5CV%RQ1`V5R:JC:1`VIX `Q]QC1 :1JV7QJL:1J R  1VJJV5VJ1J V``:HV:0VHCV;:1`!VJ `:C6

82```1`%JH:R`VRV01VRV_%:C1 X70:CQ`1V`V ]`XV`0V`CV`1H.VVJ: %`VCCVV ]: `1IQJ1:CVR% %RQ1`V6

87X]QJR`V:%6GVQ1JRVRX0VCQ]]VIVJ R% V``1 Q1`V^%JJQ%0V:%IQRWCVRVRX0VCQ]]VIVJ _6

80X0VCQ]]V`C:HHV1G1C1 XV CVRX]C:HVIVJ 6

8-`XV`0V`CV`VQ%`HVV ]`X0VJ1`CV`1_%V6

8 `%H %`V`CVV]:HVRVRX0VCQ]]VIVJ %`G:1J8

RV8!828?R%-:7RVC:IV%JVQ1`VV V7101W`VHQ``V]QJR:%]X`1IW `VR%-:78'C`V$`Q%]V  1J V`HQII%J:C1 X`X]:` 1VVJHQII%JV8

-Q` X]:`CV7JR1H: ;16 VRVC:IV%JVQ1`VV V7101W`V5:H.:` V:X X:RQ] XVCV RXHVIG`V 8

VHXJ:`1Q`V VJ%Q%.:1 VHQJH1C1V`H`Q1:JHVV RX0VCQ]]VIVJ VJHQJV`0:J %JH:R`VRV01V : 1`:1:J 8QG=VH 1`V R:HHQI]:$JV`C:H`Q1:JHVRXIQ$`:].1_%VR;%JV `: X$1VVJ V`IVRV H`Q1:JHVXHQJQI1_%VV R;1J X$`: 1QJRVJQ%0VCCV]Q]%C: 1QJ  8

V-00RX`1J1V `Q1QG=VH 1`7

R%JV:`I: %`VI%C 1]QC:1`V`VJ`Q`HXV6

RCVI:1J 1VJR%JR7J:I1IVXHQJQI1_%V6

R%JRX0VCQ]]VIVJ _%:C1 : 1``V]VH %V%6RV]:7:$VV RVCVJ01`QJJVIVJ 6

 Q%`HV71 V1J V`JV 7JR1H: ;16 V%RQ1`V  Q%`HV71 V1J V`JV -:7=V%JVQ1`VV V`101W`V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 'V RQH%IVJ R%`G:J1 IV

  %VC:J%QH:%6R`G:J1IV^%_ 

5Q%0VCCV  :]]VCC: 1QJ  R% -C:J R2HH%]: 1QJ RV QC  ^-2_5  CV  ]C:J CQH:C R%`G:J1IV  `:R%1  C: ]QC1 1_%VR:IXJ:$VIVJ V R%`G:J1IVRVC:HQII%JV8

XC:GQ`: 1QJRV-`VCW0VRVC:HQI]X VJHVRVHQCCVH 101 XCQH:CV8

V-HQI]`VJR7

RJ`:]]Q` RV]`XVJ : 1QJ_%1V6]QVCVR1:$JQ 1H5:J:C7VCVJ01`QJJVIVJ V V6]C1_%VCV `W$CV6

RJ]`Q=V R:IXJ:$VIVJ V RVRX0VCQ]]VIVJ R%`:GCV_%1RX`1J1 CVQ`1VJ : 1QJ$XJX`:CV R:IXJ:$VIVJ V R%`G:J1IV`V VJ%V]Q%`CVJVIGCVRVC:HQII%JV6

RJQ%]C%1V%`RQH%IVJ $`:].1_%V6

RJ`W$CVIVJ _%1RXC1I1 VCV

R0V:JJV6V8

%`CV V``1 Q1`VR%5-QJ :]]`Q%0XRQJ VJ`X011QJ%`%J Q :CRV HQII%JV8

  %VC:JR8HH%]: 1QJRVQC^8_

V]C:JRQHH%]: 1QJRVQC^-2_V %JRQH%IVJ R%`G:J1IV]`X0%]:`CVR`Q1 ``:JM:15RQJ CV `X$1IV:X XH`XX]:`C:Q1RQ`1VJ : 1QJ`QJH1W`VRV 8:R1]:`1 1QJ:X X]`X0%V]:`C:Q1 `VC: 10V;C:QC1R:`1 XV :%`VJQ%0VCCVIVJ %`G:1JR%RXHVIG`V5:%]`Q`1 RVJQ%0V:%6 -C:JCQH:%6R%`G:J1IV^-_8V-2%G1 VJ V $:`RVJ  Q% VCV%`0:C1R1 X=%`1R1_%V :J _%1C JQJ ]:X X `:J`Q`IXVJ-8

V-2QJ X :GC1;CXH.VCCVRVC:HQII%JV]Q%`CVIQ7VJ V`IV^; :J_I:1:J_%VC:CQ1 JV`16VRVR: VRV]X`VI] 1QJ8V-2HQJHV`JV Q% VCV]`Q]`1X X5_%VCCVQ1VJ ]`10XVQ% ]%GC1_%VV RX V`I1JVJQ :IIVJ CVR`Q1 ;HQJ `%1`VV CVHQJR1 1QJRX0QC% 1QJ: :H.X; H.:_%V]`Q]`1X X8

!V  RQH%IVJ  =%`1R1_%V5  RV  ]Q` XV  $XJX`:CV5  1I]QV  ; Q%5  ]:` 1H%C1V`  V  :RI1J1 `: 1QJ  V  HQJ 1 %V  C:  `X`X`VJHV  ]Q%`  C1J `%H 1QJ  RV  ]V`I1  RV  HQJ `%1`V  V  RV  :% `V  :% Q`1: 1QJ R%`G:J1IV8

VG:1J0V`:J R%1$JQJHQI] V -2RQJ VJ`X011QJ8

  %V!:` V!QII%J:CV 

V%G 1 %:J :%6:JH1VJ;75^;QR:C1 XR]]C1H: 1QJR%7W$CVIVJ 5: 1QJ:CR`G:J1IV_5 CVH:` VHQII%J:CVQJ RV0X`1 :GCVRQH%IVJ R%`G:J1IVRV 1JX:%6]V 1 VHQII%JV J:7:J ]:GVQ1JR%J-8:H:` VHQII%J:CVV %JRQH%IVJ 1I]CV_%1HQI]`VJR%J`:]]Q`  RV]`XVJ : 1QJV %JQ%]C%1V%`RQH%IVJ $`:].1_%V8CCVJVHQI]`VJR]:RV`W$CVIVJ 5HV  CV`W$CVIVJ J: 1QJ:CR%`G:J1IV_%1:]]C1_%V8'C:]]:` 1VJ ;C:HQII%JVRVIVJV`C:]`QHXR%`V RXC:GQ`: 1QJRVC:H:` VHQII%J:CV8]`WVJ_%Y V]%GC1_%V5VCCVV :]]`Q%0XV]:`CVHQJV1C I%J1H1]:CV ]:`CV]`X`V 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V] HQII%JV%`CVG:1J0V`:J QJ RQ XVRVH:` VHQII%J:CV8

  

'C:$1 RVCVJVIGCVRVR1]Q1 1QJ;H:`:H W`VCX$1C: 1`V `X$CVIVJ :1`V:]]C1H:GCVVJI: 1W`V RQHH%]: 1QJ  V  R% 1C1: 1QJ  RV  QC  %`  %JV  HQII%JV  JV  R1]Q:J  ]:  RV  -8  !V  `W$CV HQJHV`JVJ C:CQH:C1: 1QJ5C:RVV` V5C1I]C:J : 1QJRVHQJ `%H 1QJ5CV%`:]VH V6 X`1V%`5V H8

V  V``1 Q1`V  R%    HQI]`VJR   HQII%JV  :]]C1_%:J  %J1_%VIVJ  CV  `W$CVIVJ  J: 1QJ:C R%`G:J1IV8

88 8 `Q$`:IIVR:H 1QJI1C1V%6:_%: 1_%V !:` V7:XI:`H.VHQJ `:H %VCCVRV$V 1QJRVI1C1V%6:_%: 1_%V%`CVG:1J0V`:J

88 88 'V QJ `: RV5101W`V'1$JQJ

JHQJ `: RV`101W`VV %J1J `%IVJ R;1J V`0VJ 1QJ;C;XH.VCCVR%G:1J0V`:J 8'C`16V]Q%`HV I1C1V%RVQG=VH 1`RV_%:C1 XRVV:%65RV0:CQ`1: 1QJR%I1C1V%:_%: 1_%VV RV$V 1QJX_%1C1G`XV RV`VQ%`HVVJV:%61C]`X0Q1 RVI:J1W`VQ]X`: 1QJJVCCVCVIQR:C1 XRV`X:C1: 1QJRVX %RV V RV `:0:%6JXHV:1`V]Q%`: V1JR`VHVQG=VH 1`7]`Q$`:IIVR;:H 1QJ%` :J5RX1$J: 1QJ RVI:4 `VR;Q%0`:$V5R%IQRVRV`1J:JHVIVJ 5RVXH.X:JHVRV `:0:%65V H8!QJ `:1`VIVJ :% 5CVQG=VH 1`R;%JHQJ `: RV`101W`VJ;QJ ]:RV]Q` XV=%`1R1_%V8

!VHQJ `: QJ 1$JXVJ `VCV]:` VJ:1`VHQJHV`JX7]`X`V ^_RVRX]:` VIVJ ^_5:$VJHVRV C;V:%  V  HQCCVH 101 X  CQH:CV  ^HQJV1C  $XJX`:C5  HQJV1C  `X$1QJ:C5  HQII%JV5  7JR1H:  1J V`HQII%J:%6888_8

0V0:J C:I%C 1 %RVRVJ=V%6%`CVG:1J0V`:J R%1$JQJ5C:00ARVC:% VRQ1`V:Q%.:1 X IV `VVJ]C:HV%JHQJ `: RV`101W`V%`CV1$JQJ8!VHQJ `: :X X1$JXVJ ]:`C; : 5CV RX]:` VIVJ RVC:C:% VRQ1`VV C$VJHVRVC:%Q1`V>`V :$JVV RX1$J:1  I:4 `VRQ%0`:$V ^_%: Q`

RC:IXC1Q`: 1QJRVC:_%:C1 XRVC;V:%5

RC:IXC1Q`: 1QJRVC:_%:C1 XRVI1C1V%65

RC:]`QIQ 1QJRVC:]YH.V5

RC:]`QIQ 1QJR% Q%`1IVR;:HHQI]:$JVIVJ 5

RC:IXC1Q`: 1QJRVRXG1 `XV`0X5

RC:IXC1Q`: 1QJRVC:_%:C1 XRVC;V:%VJ:IQJ R%G:``:$VRV:0:CV V5

RC:]`1VVJHQI] VRV:% `V%:$VR%G:``:$V8

!VHQJ `: J:HV]VJR:J RQJJXC1V%_%;]V%RV`X:C1: 1QJI:C$`XC:IG1 1QJ1J1 1:CVR%]`Q=V 5R% `:1 JQ :IIVJ R%I:J_%VRVHQQ`R1J: 1QJRVI:4 `VRQ%0`:$V8

88 88 'V QJ `: 5V :%`: 1QJR#J `V 1VJ

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L -`Q]QX]:`C$VJHVRVC:%Q1`VR>`V :$JV5CV!QJ `: 7V :%`: 1QJJ `V 1VJV %JQ% 1C]Q%` IV `VVJ\%0`VRVR:H 1QJ1J X$`XVRV`V :%`: 1QJV RVJ `V 1VJRVI1C1V%6:_%: 1_%V^HQ%` R;V:%5

%`C:IQJ R%G:1J0V`:J R%1$JQJ5CV!71$JQJ^!QJ `: 7V :%`: 1QJRJ `V 1VJ_:X X1$JX VJ=%1J]Q%`%JVR%`XVRV :JVJ `VCV7JR1H: ;16 VRV?`Q17101W`VV C;:$VJHVRVC;V:% Q1`V>`V :$JV8

V7JR1H: ;16 VRV?`Q17101W`V:7:J `%1QJJX:0VHCV'!RVC:% VRQ1`VVJ 5H;V  :%=Q%`R;.%1HVRV`J1V`_%1V ]Q` V%`R%!71$JQJ8

V!7V VJ`1JRV].:VQ]X`: 1QJJVCCV8'C `:1 VCV]`QGCXI: 1_%V VCCV_%VC:$V 1QJRVC: 0X$X : 1QJ`10%C:1`V5CVV]WHV0X$X :CV1J0:10V5CV]1X 1JVIVJ GQ01J5CVRXVJ`X1JVIVJ RV GV`$V5CV``:JH.1VIVJ ]1H1HQCVV C:`VHQJ_%Y VRVC:R7J:I1_%VJ: %`VCCVRVHQ%`RV:%8!V Q]X`: 1QJV`QJ VJ]:` VJ:`1: :0VHCV--;V C25;8

V!7:]`1Q``1H1VCCVIVJ `1JVJ=%1J V %JVX %RVG1C:JRV:H 1QJ`X:C1XV5RVC:`X%1 VR% HQJ `: V RVR1``1H%C X`VJHQJ `XV:X X`X:C1XV]:`CVG%`V:%6R;X %RV>%`$X:]V 'J V`IWRV8

;X %RVG1C:JR%!7;V : :H.XV:%6 .XI: 1_%V `:1 XV]:`CV]`Q$`:IIVR;:H 1QJR%!78CCV `:1  `VQ` 1` _%V  CV  HQ%`  R;V:% R% G:1J  0V`:J ]`XVJ VJ  RV  HQI]Q:J V  ].71_%V  V  G1QCQ$1_%V0:`1XV5V _%VC:R10V`1 X`CQ`1 1_%VCQH:CV5CVI1C1V%6.%I1RV:QH1X5CV.:G1 :  :_%: 1_%VR10V`1`1XQJ $:`:J R%GQJX : XHQCQ$1_%V$CQG:CRVHQ%`R;V:%8

!V]VJR:J ]C%1V%`R7`QJH 1QJJVIVJ :``VH :J CVHQI]Q:J VRVHQ%`R;V:%5RVI:J1W`V CQH:C1XV5V  Q%R;Q`1$1JV:J .`Q]1_%V5QJ X X1RVJ 1`1X7

RWH.VIVJ V X 1:$V`X$%C1V`5]C%]:` 1H%C1W`VIVJ R:JCVHQ%`R;V:%:7:J %JIQR%CV `:1GCV6

RJ:GCVIVJ 1I]Q` :J RVHQ%`R;V:%:0VHR1]:`1 1QJRV``:7W`V5C1X;C:I%C 1]C1H: 1QJRV ]1 VQ%H.VI1J `:0V`:J CVHQ%`R;V:%6

R-1X 1JVIVJ GQ01J5C1X;C;:GVJHVQ%:%RX]C:HVIVJ RVHCT %`V]Q%`]V`IV `VC;:G`V%0VIVJ 56

RJ`X1JVIVJ RVGV`$V6

R;:J_%VR;VJ `V 1VJRVC:`1]17C0V6

R-`XVJHVRV]C:J V1JRX1`:GCV77VJQ%XVR%I:]QJV H%C 10:`RV]V%]C1V`6

R-`XVJHVR;Q%0`:$V `:J0V`:%6Q%RV``:JH.1VIVJ _%1:``VH VJ C:HQJ 1J%1 XXHQCQ$1_%VRV HQ%`R;V:%8

JVX %RVG1C:J:X X`X:C1XVVJ :`1JRX0:C%V`C:H 1QJRVHV!78'C:X XI1VJ:0:J _%VRV `:0:%6 X :1VJ VJHQ`VJXHV:1`V V  _%%JV 1J V`0VJ 1QJ ;CXH.VCCV R% G:1J 0V`:J 5V ]: %J1_%VIVJ %`CVHQ%`RV:%5RV0:1 Y `VVJ01:$XV8

88 88 'V QJ `:  V``1 Q`1:CR%=:% R'1$JQJ

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L J  !QJ `:  ?V``1 Q`1:C  V  CX_%10:CVJ  R%J  !QJ `:  RV  7101W`V  I:1  :0VH  RV  ]`QHXR%`V :RI1J1 `: 10V]Q%`C:].:VRXC:GQ`: 1QJV RV0:C1R: 1QJ:CCX$XV8

X %RVG1C:JR%!7C:% 1$JQJ:I1VJ:0:J C:JXHV1 XV C:RVI:JRVRV:H V%`CQH:%6]Q%` ]`QCQJ$V`CV:H 1QJIVJXV%`CVC:% 1$JQJ8HV=Q%`5CV!?C:% 1$JQJV ]Q` X]:`CV'! C:% VQ1`VV V VJ`1JRV].:VRXC:GQ`: 1QJ8:`X:C1: 1QJRV:H 1QJHQIIVJHV`:`1J8

VVJ=V%6]`1JH1]:%6R%G:1J0V`:J :%6_%VCCV!QJ `: ?V``1 Q`1:C VJ V`:RV`X]QJR`V7

R:_%:C1 X].71HQRH.1I1_%VRVV:%6R%G:1J0V`:J 5VJ:IXC1Q`:J CV`V=V V C1I1 :J CV `:J`V`   1%  RV  C;:H 101 X  :$`1HQCV5 1JR% `1VCCV  :1J1_%V RV  HQCCVH 101 X8 !V  :H 1QJ  :%`QJ  X$:CVIVJ ]Q%`G% RVC1I1 V`C;V% `Q].1: 1QJ]`XVJ V:%J10V:%R%G:``:$VRV:0:CV V6

R:IQ`].QCQ$1VRVHQ%`R;V:%V C:_%:C1 XRVI1C1V%6:_%: 1_%V7:% `:0V`R;%J]`Q$`:IIVRV `:0:%6RV`V :%`: 1QJV R;VJ `V 1VJRVGV`$VV Q%0`:$V6

R:`V :%`: 1QJV ]`XV`0: 1QJRV

RVXHQJQI1VR;V:%V CVI:1J 1VJR;%JV`VQ%`HV_%:J 1 : 10V:`1JRVC1I1 V`CVX 1:$VRV]C% VJ]C%X0W`V5I:1J VJ1`C:HQJ 1J%1 XXHQCQ$1_%VRVHQ%`R;V:%V :IXC1Q`V`C:_%:C1 XRVC;V:% RVHQ%`R;V:%

88 88 X`1IW `VRV]`Q VH 1QJH:] :$V

VH:] :$V]%GC1HRV:%RV 1JXV;C:HQJQII: 1QJ.%I:1JV`QJ CQG=V 5 R%JVRXHC:`: 1QJ R% 1C1 X]%GC1_%V1J 1 %:J CV]:`:IW `VRV]`Q VH 1QJ8!VCCVRH1V %JVQGC1$: 1QJ`X$CVIVJ :1`V _%11JHQIGV:%6$V 1QJJ:1`VRV:%]Q :GCV8

:]`Q VH 1QJHQJ1 V;IV `VVJ]C:HV7

\%J]X`1IW `VRV]`Q VH 1QJ1IIXR1: V:% Q%`R%]Q1J RV]`XCW0VIVJ RQJ CV V``:1JQJ ; :H_%X`1`VJ]CV1JV]`Q]`1X X]:`C:HQCCVH 101 X5

\%J]X`1IW `VRV]`Q VH 1QJ`:]]`QH.XV;C1J X`1V%`R%_%VC]V%0VJ Y `V1J V`R1 VQ%`X$CVIVJ XV Q% V:H 101 XQ%1J :CC: 1QJ]Q` :J : V1J VR1`VH VIVJ Q%JQJ;C:_%:C1 XRVV:%65

\1C:1 %: 1QJCVJXHV1 V5%J]X`1IW `VRV]`Q VH 1QJXCQ1$JXV5;C1J X`1V%`R%_%VCCV:H 101 XV  1J :CC: 1QJ]V%0VJ Y `V`X$CVIVJ XV8

!V]X`1IW `VRV]`Q VH 1QJQJ ]`Q]QX]:`%JV6]V` 1JRX]VJR:J V RX1$JX]:`CV]`X`V 7 C.7R`Q$XQCQ$%V  :$`XX8  :  ]`QHXR%`V  :RI1J1 `: 10V  V  1J `%1 V  ]:`  CV  V`01HV  RV  C$VJHV 7X$1QJ:CVRV:J X8

QG=VH 1`]`VI1V`RV]X`1IW `VRV]`Q VH 1QJV RVC% V`HQJ `VCV]QCC% 1QJCQH:CV5]QJH %VCCV V :HH1RVJ VCCV8:C% VHQJ `VCV]QCC% 1QJR1``%V5_%:J ;VCCV5JV $XJX`:CVIVJ V``1H:HV_%V ]:`C: I1V VJ ]C:HV R:H 1QJ  $XJX`:CV  RV ]`XV`0: 1QJR% I1C1V% %` CVJVIGCVRV  G:1J 0V`:J 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88 8 8 :] :$V]`1Q`1 :1`VV !1`VR!C1IVJ : 1QJRV :] :$V^!! _

JRV QG=VH 1` R% `VJVCCV RVCJ01`QJJVIVJ V  RV ]`Q X$V`C:1`V R:C1IVJ : 1QJ RV  H:] :$VCV]C%IVJ:HX]:`CV]QCC% 1QJR1``%V8JVRXI:`H.VR1RVJ 1`1H: 1QJRVH:] :$V IVJ:HX:X XHQJR%1 V;CXH.VCCVJ: 1QJ:CVVJ %`C:G:VRV `Q1H`1 W`V7X : RVC: `VQ%`HV_%:JR:%6]QCC% 1QJ]:`CVJ1 `: VQ%]V 1H1RV5H:`:H W`V `: X$1_%VRVC:`VQ%`HV :%0%RVC:]Q]%C: 1QJRVV`01VV RVC:%G 1 %:G1C1 XRVC:`VQ%`HV50QCQJ XRV`VHQJ_%X`1` HV` :1JH:] :$V8

:  R1]Q1 1QJ  !R  R%  0  Q1`V  >`V :$JV  R  XJQJHV  _%V  %`  CV  H:] :$V  =%$X ]`1Q`1 :1`V5CV:1`VR:C1IVJ : 1QJQJ RXC1I1 XVHQJ`Q`IXIVJ ;C:` 1HCV8RR%HQRVRV CVJ01`QJJVIVJ V C:` 1HCV78RR%HQRV`%`:C5:]`W:01JQ :IIVJ RVC:HQII11QJCQH:CVRV CV:%1CVH:] :$VV 1 %XR:JCV]X`1IW `VR%J8!V:1`VR:C1IVJ : 1QJHQJ 1 %VJ CV

%`CVG:1J0V`:J R%1$JQJR%VC:75CVH:] :$VRVC:!.:]VCV V:]]:` VJ:J ;C:01CCVRV:1J   1VJJV:X XHC:XH:] :$V]`1Q`1 :1`V80:JHVH:R`V5C:01CCVRV:1J  1VJJVRQ1 7

 RX`1J1`C:1`VR:C1IVJ : 1QJRVH:] :$V5

 H:` Q$`:].1V`CV

 RXC1I1 V`CV

 RX`1J1`%J]`Q$`:IIVR:H 1QJ0QCQJ :1`V8

1CVIV%`V0QCQJ :1`V:0W`VJ ]V%V``1H:HVQ%JQJ:]]C1_%XV5CV]`X`V ]V% CV`VJR`V QGC1$: Q1`V]:`:``Y X8'C:$1`:1 R:]]C1_%V`CVR1]Q1 1`RVQJV Q%I1V ;RV!QJ `:1J V J01`QJJVIVJ :CV^!_1%VRVC:Q1%`C:%V CV;1C1V%6_%: 1_%VRV 8HV=Q%`5C: 01CCV  RV  :1J   1VJJV  :  Q`$:J1X  %JV  `X%J1QJ  `:VIGC:J  CV  R1``X`VJ V  :RI1J1 `: 1QJ  V  Q`$:J1: 1QJHQJHV`JXV]Q%`RX`1J1`C:1`VR;:C1IVJ : 1QJRVH:] :$V8

V]`Q$`:IIVR:H 1QJR%!QJ `:  V``1 Q`1:CR%C:% 1$JQJHQJ 1VJ RV:H 1QJ_%1`X]QJRVJ ; %JV]:` 1VRVQG=VH 1`RVC:RXI:`H.V!8

88 8 8 `Q$`:IIVR;!H 1QJ RV`X0VJ 1QJRV ;JQJR: 1QJ 'Q1`V!IQJ

  !QJ V6 V 

V  RX]:` VIVJ  RV  C:  C:% VRQ1`V  V  %J  V``1 Q1`V  ]:` 1H%C1W`VIVJ  0%CJX`:GCV  `:HV  :%  `1_%V 1JQJR: 1QJ8'CV Q%I1;RVH`%V Q``VJ 1VCCV_%1QJ ]Q%`Q`1$1JVCV].XJQIWJVHX0VJQC8

J5CV.:% G:1JRVC:Q1`V5RVQ%`HV=%_%;;1CCV`V 5:V%C;Q]]Q` %J1 XR;Y `V%JRV1 V V R%HQJHV] -^-`X011QJ5-`X0VJ 1QJ5-`Q VH 1QJ_;C;1J1 1: 10VRVC; :GC1VIVJ -%GC1HQ1`V8

%1 V;HV VX %RV5CV!QJV1CXJX`:C:X XRX1$JXHQIIV]Q` V%`R%-`Q$`:IIVR;H 1QJRV -`X0VJ 1QJRV'JQJR: 1QJ%`CVG:1J0V`:J RVC:Q1`V:IQJ :%HQ%`RVC:]X`1QRVR  ^--'Q% -C:J>:H.VCQ _ _%1:X X`VHQJR%1 ]Q%`C:]X`1QRV  R ]%1 R8V ]`1JH1]:%6  0QCV   R;:H 1QJ  HQJHV`JVJ  CV    HQII%JV  R%  G:1J  0V`:J  RV  C:  Q1`V  :IQJ 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L Q%I1V:%`1_%V1JQJR: 1QJ8?Q% V`Q15C:]`1Q`1 X:X XRQJJXV:%6 HQII%JVRVC;:6VQ1`V 1RVJ 1`1XVHQIIVX :J ]:` 1H%C1W`VIVJ 0%CJX`:GCV8

VHQII%JVR% V``1 Q1`VR%R%1$JQJR%VC:7HQJHV`JXV]:`HV]`Q$`:IIVQJ CV %10:J V70%J1W`V5CV!.:IGQJ%`1$JQJ5;QJ1 `QC%`Q1`V571Q Q`R5:1J V1$QCWJV5:1J  A`QJ 5:1J ;:%`1HVRV1$JQJ5:1J 7QI:1J:H.:CI5?VJHV51J$V:%65:1J I%C1VJ;QC.V:G: V8

  H 1QJ`X:C1XV 

VRV%6]`VI1V`--'QJ X X `%H %`XVJ]C%1V%`0QCV R;:H 1QJ`VC: 10V;C:]`X011QJ5;C: ]`X0VJ 1QJV ;C:]`Q VH 1QJ8

V--':X XRXHQ%]XVJ0QCV R;:H 1QJ7

- QCV 7H 1QJRVVJ1G1C1: 1QJV RVHQII%J1H: 1QJ

- QCV >7H 1QJRV]`X011QJV RV]`X0VJ 1QJ

- QCV !7H 1QJRVC1I1 : 1QJR%`1_%V

0VX %RVRV`XR%H 1QJR%`1_%V1JQJR: 1QJQJ X X`X:C1XV8CCV]V`IV VJ %JV:]]`QH.V $CQG:CV  R%  `1_%V  1JQJR: 1QJ  ;  C;XH.VCCV  RV  C:  HQII%JV8  CCV  ;1J X`VVJ  :%6  R1``X`VJ V HQI]Q:J VR%`1_%VV X %R1VJ C;1J X`Y RV7

R`XR%1`VC;:CX:1JQJR: 1QJ5H;V R;RR1`VC1I1 V`C:%GIV`1QJ5

R`XR%1`VCVVJ=V%6QH1QRXHQJQI1_%VV6]QX5H;V R;RR1`VR1I1J%V`CVJQIG`VRV]V`QJJVV RV G1VJVJ

R`XR%1`VC:0%CJX`:G1C1 XRVVJ=V%6]:``:]]Q` ;C;:CX:5H;V R;RR1`V`VJR`VCVHQJX_%VJHVRV C;1JQJR: 1QJ]C%%]]Q` :GCV8

CCVQJ X XHQJR%1 VQ%C:I:4 `1VR;Q%0`:$VR%'!5RVC:!QII%J:% XR;$$CQIX`: 1QJR% -%7RVJRVC:7Q%RVHQII%JV8

%`CV V``1 Q1`VR%5RVX %RV;CXH.VCCVHQII%J:CVQJ X XIVJXV;:1J R;:%`1HVRRVR 1$JQJ50%J1W`V5:1J R7QI:1JR:H.:CIV ;QJ1 `QC%`Q1`V8

JVX %RV]Q%`C: `V :%`: 1QJR%`QJH 1QJJVIVJ .7R`QCQ$1_%VRV

J V`IVRV `:0:%65%JV:H 1QJRV$`:JRV:I]CV%`:X XIVJXVR:JCVGQ%`$RV71Q Q`RVJ8 CCV:HQJ1 XVJC:RXIQC1 1QJRVG= 1IVJ RVC;:JH1VJJV V1J %`V`1V;?75HQJ `%1 ;C;:]CQIG 1IIXR1: V R:JCVC1 I:=V%`RVC:0%J1X`V V5HQJ 1 %:J :1J1%JQG :HCV:%6XHQ%CVIVJ RV V:%6VJ$VJR`:J RVRXGQ`RVIVJ 8!V VQ]X`: 1QJ:]V`I1R;:G:1V`C:C1$JVR;V:%VJH`X:J %JV

0VIV%`VRV`XR%H 1QJRVC:0%CJX`:G1C1 X:%61JQJR: 1QJQJ X X`X:C1XV]:`CVG1:1RV R1:$JQ 1H8!V` :1JQJ X X;RV 1J: 1QJRV:H 101 XXHQJQI1_%VV QJ X XIVJXV]:`CV HQJQ` 1%I>77'?L27C8

VR1:$JQ 1H;RV 1J: 1QJR%G= 1]`10XQJ X X`X:C1X5VJ5]:`CV!QJV1CXJX`:CRV.:% V Q1`V R:J  CV  HQII%JV  RV  :1J R;:%`1HVRRVR1$JQJ5  0%J1W`V  V  :1J R7QI:1JR:H.:CI8  !V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L R1:$JQ 1H01VJ ;]`Q]QV`RVIV%`VR;Q`R`VQ`$:J1: 1QJJVC^]C:J`:I1C1:CRVI1VVJ(`V X5 HQJ1$JVRVXH%`1 X9_Q% `%H %`VC^ `:0:%6R;:IXJ:$VIVJ R%G= 15I1VVJ]C:HVRV]`Q VH 1QJ RV  7]V  G: :`RV:%65  H`X: 1QJ R;%J  X :$V  `V`%$V5  `VI]C:HVIVJ  RV  HV` :1J  I: X`1:%6  ]:` RV I: X`1:%6.7R`Q`%$V5RXCQH:C1: 1QJ9_:`1JRVC1I1 V`CVRQII:$V:%6]V`QJJVV :%6G1VJV  RV]V`IV `VCV`V Q%`R:JCVCQ$VIVJ CV]C%`:]1RVIVJ ]Q1GCV8

VIV%`V]`Q]QXVR:JCVH:R`VRVHVR1:$JQ 1H]Q%`CV]:` 1H%C1V`HQIIV]Q%`CVH.V` R;VJ `V]`1V`V`QJ X$:CVIVJ C;QG=V R;%J`1J:JHVIVJ R%!QJV1CXJX`:C8

88 8 8 !"#C1I1 `Q].V !:` V7C1I1 `Q].V:%R%%1$JQJR%VC:7

:R%1$JQJR%VC:7V GQ`RX;C2%V ]:`CVQ1`VIQJ V :%5Q`R]:`CVQ1`V VJ7.TJVC]V8

%Q1`VIQJ %Q1`VVJ<.TJVC]V %1$JQJR%VC:7  `%H %`V !QJV1CXJX`:CRVC:% V !QJV1CXJX`:CRVC:Q1`V '!C:% VQ1`V ]Q` V%V Q1`V %]V``1H1V   @I  @I  @I RIXC1Q`: 1QJQ%I:1J 1VJ R;%JV_%:C1 XRVV:%6VCQJ CVQG=VH 1`RVC:0!5 HQJV`0V`C:_%:C1 XRV I1C1V%6VJ `WGQJX : 8 R-`Q VH 1QJRVC:`VQ%`HVVJ R-`XV`0: 1QJRVC:`VQ%`HV V:%]Q :GCV RIXC1Q`: 1QJR% VJV:%VJ_%:J 1 X%``1:J V RIXC1Q`: 1QJRVC:$V 1QJ `QJH 1QJJVIVJ J: %`VCRV ]:``X]:` 1 1QJRVC: _%:J 1 : 10VRVC:`VQ%`HV HQ%`RV:%V C:$V 1QJ `VQ%`HVVJ `VCVR1``X`VJ  R7V :%`: 1QJRVI1C1V%6 _%:J 1 : 10VRVC:`VQ%`HV %:$V.%I:1JV CVI1C1V%6 RIXC1Q`: 1QJRV.:G1 :  R7XR%H 1QJRVC:0%CJX`:G1C1 X J=V%6 J: %`VC8 ]1H1HQCVV RVC:H1`H%C: 1QJ `:HV:%`1_%VR1JQJR: 1QJ R-`XV`0: 1QJV `V :%`: 1QJ ]1H1HQCV RIXC1Q`: 1QJV ]`XV`0: 1QJ RVI1C1V%6:_%: 1_%VV  R:CQ`1: 1QJ Q%`1 1_%VV  RVC:_%:C1 XRVV:%6 .%I1RV8 ]XR:$Q$1_%VRVC:`VQ%`HV5 R-`XV`0: 1QJV $V 1QJRV RVJ1G1C1: 1QJV C1I1 : 1QJ `V]VH %V%VRV I1C1V%6:_%: 1_%V RV`1_%VR;1JQJR: 1QJ5 CVJ01`QJJVIVJ ]`1VVJHQI] VRVC: ]`QGCXI: 1_%VR;1JQJR: 1QJ R:JC:$V 1QJ$CQG:CV5 QC1R:1`VV HQ.X`VJ VR% G:1J0V`:J 8 B :  !.Q16RVC: `: X$1V 7XR:H 1QJR%  : RVC1V%6^C:GQ`: 1QJ_ R:0:JHVIVJ ^C:GQ`: 1QJ_ ^C:GQ`: 1QJ_

?:GCV:%7-`XVJ : 1QJR%1$JQJR%VC:7V RVC1I1 `Q].V

JVHQII11QJ1J V`R:X XH`XXVVJ `VHV `Q1R:JCQG=VH 1`RV `:0:1CCV`RVI:J1W`V HQJHV` XV%`RV]`QGCXI: 1_%VHQII%JV;HV V``1 Q1`V8

HV=Q%`5HV VHQII11QJ:X X`X%J1V;%JVQHH:1QJVJI:`8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 .?%? C? C<8

88  !8@CC +:<8<+?  

888 %V`XV:%.7R`Q$`:].1_%V !:` V 7

VG:1JR%1$JQJ`Q`IV%J`XV:%.7R`Q$`:].1_%VRVJV5R;%JVCQJ$%V%` Q :CVRV @IRQJ  ]C%RVC:IQ1 1XR%`XV:%V  VI]Q`:1`V5H:`:H X`1 1_%VRV%G `: 1I]V`IX:GCV]V%]`Q]1HV :%6J:]]V].`X: 1_%V8

V:``C%VJ VJ`10V$:%H.VHQIIVC%

;:1J0V`:J @I^RQJ C:0%J1W`V_ Q%`HV V`:J JQ`RR%;QJ ;X

?:GCV:%7!:`:H X`1 1_%V]`1JH1]:CVR%1$JQJR%VC:7

:``C%VJ ]`1JH1]:CR%1$JQJR%VC:7V C:0%J1W`V8!VCCVRH1]`VJR:Q%`HV:%%RR%I:1`R% -1C: :%C1V%RR1 H-`XC:$V`I;IR:C 1 %RV%`C:HQII%JVRV:1J 7X$1R%!Q1J8!VQ%R G:1JR0V`:J :%JV%``:HVRV @I]Q%`%JVCQJ$%V%`RVHQ%`RV:%]`1JH1]:CRV@I8: 0%J1W`V`V=Q1J CV1$JQJVJ`10VR`Q1 VR:JCV$Q`$V%`C:HQII%JVRV1CCV V8:0%J1W`VV  %JHQ%`RV:%RQJ C:]VJ VV ]C%1I]Q` :J V_%VCV1$JQJ8

V`QJH 1QJJVIVJ R%`XV:%.7R`Q$`:].1_%VR%1$JQJV I:`_%X]:`C:]`XVJHVRVG:``:$VRV C:!.:]VCV VV RV:0:CV V`Q`I:J VJRV%6$`:JRVJVIGCV7C:% 1$JQJ^:IQJ R%G:``:$VRV :0:CV V_V 1$JQJ:0:C1JHC%:J CVG:1J0V`:J RVC:0%J1W`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888 2QJH 1QJJVIVJ .7R`:%C1_%V

!:` V 78G :HCV;CXHQ%CVIVJ

V0Q1`V>`V :$JVR XJQJHV_%VCVRQ10VJ RX V`I1JV`H%JQG=VH 1`H.1```XV  R: X]Q%`C:0:CV%`R% :%6R;X :$VIVJ R%HQ%`R;V:%5RX`1J1HQIIVCV`:]]Q` VJ `VC:QIIVRV .:% V%`RVH.% V:` 1`1H1VCCVH`XXVVJX 1:$V]:`CVQG :HCV `:J0V`:%6V CVRXJ10VCXJ: %`VC R%HQ%`R;V:%I8

V.:% V%`RVH.% VJX :J ]:]`XH1XVR:JCVRQJJXVR1]QJ1GCV:H %VCCVIVJ %`CV Q%0`:$V  .7R`:%C1_%V  R%  G:1J  0V`:J  R%  1$JQJ  R%  VC:7  ^7X`X`VJ 1VC  RV  2G :HCV  ; C;HQ%CVIVJ 5  1J0VJ :1`V  RQ%0`:$V  R:J  CV  H:R`V  RX %RV  ]QJH %VCCV_5  CV  H:CH%C  R%  :%6 RX :$VIVJ JV ;HV=Q%`]:]Q1GCV8

888 2QJH 1QJJVIVJ .7R`QCQ$1_%V !:` V 7 : 1QJRVIV%`V.7R`QCQ$1_%V

8888 5:]]VC R.7R`QCQ$1V

VRXG1 RVHQ%`R;V:%QGV`0X%`%JG:1J0V`:J QJ ]`1JH1]:CVIVJ RX]VJR:J RVC: ]C%01QIX `1VCQH:CVV RVC:J: %`V$XQCQ$1_%VRVQC8

VH:`:H X`1 1_%VRVRXG1 R;%JHQ%`R;V:%;:]]`X.VJRVJ ;]:` 1`RV]`1JH1]:CVRQJJXV %10:J V7

R CVRXG1 IQ7VJIVJ%VC 71CHQ``V]QJR;C:IQ7VJJVIVJ%VCCVRVIV%`VV``VH %XV%`%J JQIG`VRX`1J1R;:JJXV8'C;V6]`1IVVJIL8

R CVIQR%CV1J V`:JJ%VC 71C`V]`XVJ VC:IQ7VJJVRVIV%`V:JJ%VCCVR%RXG1 %`%JJQIG`V RX`1J1R;:JJXV8'C;V6]`1IVVJIL8

VLWIVR%IQR%CV1J V`:JJ%VCHQJ 1 %VCVRXG1 `XV`0XVJRVQ%R%_%VC1CV 1J V`R1 RV ]`XCV0V`5  VCQJ C;:` 1HCV  8R  R%  HQRV  RV  C;VJ01`QJJVIVJ  ^1J :%`X  ]:`  C:  CQ1  %` C;V:%  R% LL _8

R CVRXG1 RVH`%V 7%`%JHQ%`R;V:%5CVRXG1 RVH`%VQJ HC:1_%VIVJ V6]`1IXVJ= ^RXG1 1J :J :JXRVH`%VRXHVJJ:CV_]Q%`CV_%VC1CV61 VH.:_%V:JJXV%JVH.:JHV%`_%VCV ]C%`Q` RXG1 1J :J :JXQGV`0XQ1 %]X`1V%`Q%X$:C;C:0:CV%`R%=TQ%VJ=^RXG1  1J :J :JXRVH`%VHVJ VJJ:CV_]Q%`CV_%VC1CV61 VH.:_%V:JJXV%JVH.:JHV%`_%VCV]C% `Q` RXG1 1J :J :JXQGV`0XQ1 %]X`1V%`Q%X$:C;C:0:CV%`R%=8

'CV JXHV:1`VRVR1]QV`R;%JVCQJ$%V]X`1QRVR;QGV`0: 1QJ]Q%`C;V 1I: 1QJRVRXG1 RVH`%V8

RCVRXG1 R;X 1:$V7 VRXG1 R;X 1:$VR;%JHQ%`R;V:%V V 1IX;]:` 1`R%=;5_%1HQ``V]QJR :%RXG1 IVJ%VCI1J1I:CR;%JV:JJXVRQJJXV8V=;5]V% Y `VV6]`1IX:0VH%JV]X`1QRVRV `V Q%`7=;5 ^RXG1 IVJ%VCVHRV``X_%VJHV_%1J_%VJJ:CV_HV R;RR1`V_%;1CV61 VH.:_%V :JJXV%JVH.:JHV%`H1J_]Q%`_%VCVRXG1 IVJ%VCCV]C%`:1GCVRVC;:JJXVQ1 1J`X`1V%`Q%X$:C :%=;5 8V=;5 V CVRXG1 RV`X`X`VJHV]Q%`CV:% Q`1: 1QJRV]`XCW0VIVJ V RV`V=V 8

R  CVRXG1 ]XH1`1_%V7 :JQ 1QJRVRXG1 ]XH1`1_%VV 1J `QR%1 V:`1JRVHQI]:`V`CVG:1J 0V`:J  VJ `V V%65 CV 0:CV%` :GQC%V J;X :J ]: 1$J1`1H: 10V VJ`:1QJRV R1``X`VJHV RV %]V``1H1V=:%$XV8VRXG1 ]XH1`1_%VV`: :H.V:%RXG1 R;%JHQ%`R;V:%`:]]Q` X;C:%``:HVRV QJG:1J0V`:J ;C;:IQJ RVC: : 1QJRV=:%$V:$V7=]XH1`1_%VY=LQ&=YRXG1 R%HQ%`R;V:% ^VJCL_V Y%``:HVR%G:1J0V`:J ^@I_

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 'V`X V:%RV %101.7R`QCQ$1_%V

'CV61 V16 : 1QJRV%101.7R`QCQ$1_%V%`CVG:1J0V`:J R%1$JQJR%VC:7  8

!Q%` ;:1J JJXVRVI1V %QH:C1: 1QJ !QRV : 1QJ V 1QJ R;V:% 0V`:J VJV`01HV 0%J1W`V 0%J1W`V a  aI  07%0V`$JV :1J VT1$QCWJV 0%J1W`V a   aI   07!VJ `V ^:%G:`CV _ 1$JQJ V: `V^-QJ ;:`1V_ a aI  07%0V`$JV 1$JQJ V!.:IGQJ%`1$JQJ a  aI   07!VJ `V 1$JQJ 1J$V:%6^V`1C.:H_ a  aI   0A ;%

?:GCV:%71 VRV : 1QJRV%101.7R`QCQ$1_%V%`CVG:1J0V`:J R%1$JQJ

?Q% VHV : 1QJ5.Q`I1C: : 1QJ;1J$V:%65QJ $X`XV]:`C:07%0V`$JV8: : 1QJ; 1J$V:%6V $X`XV]:`0A8'C:$1 1H1R%JVV 1I: 1QJRVRXG1 J: %`VC`VHQJ 1 %X:%G:``:$V RV:0:CV V8!V%6RH1QJ QG VJ%VJQII:J CVRXG1  %`G1JX;V`1C.:H5CVRX0V`VV CV 0:`1: 1QJRV`XV`0VR%G:``:$VRV:0:CV V8

0V]%1I%1CCV 5%JV : 1QJRVIV%`VRVRXG1 VJ `:J R:JCV]C:JRV:%RV:0:CV V:X X I1VVJ]C:HVV V %101V]:`C:01CCVRV:1J  1VJJV8HV=Q%`5CVRQJJXV1%VRVHV V : 1QJ JVQJ ]:R1]QJ1GCV8

8888 :`:H X`1 1_%V .7R`QCQ$1_%V

V  H:`:H X`1 1_%V  .7R`QCQ$1_%V  IQ7VJJV  RV  HQ%`  RV:%  %101  %`  CV  G:1J  0V`:J  QJ  ]`XVJ XVR:JCV :GCV:%%10:J 7

:CV%` !Q%` IQR%CV ;:1J JJXVRVI1V %QH:C1: 1QJ V 1QJ R;V:% 1J V`:JJ%VC 0V`:J VJV`01HV ^IL_ 0%J1W`V 0%J1W`V 57 aI  07%0V`$JV :1J VT1$QCWJV 0%J1W`V 5  aI   07!VJ `V ^:%G:`CV _ V: `V^-QJ  1$JQJ 57 aI  07%0V`$JV ;:`1V_ 1$JQJ V!.:IGQJ%`1$JQJ 5  aI   07!VJ `V 1$JQJ 1J$V:%6^V`1C.:H_ 5  aI   0A ;%

?:GCV:%7;QR%CV1J V`:JJ%VC:%R`Q1 RV : 1QJRV%101

V  `X$1IV  .7R`QCQ$1_%V  R%  1$JQJ  V  HQI]CV6V7  1C  ]`XVJ V  %J  7]V  ]C%01QTJ10:C  R;1J`C%VJHV IXR1 V``:JXVJJVV QHX:J1_%V:0VH%JVXH.V`VVV 10:CV `WI:`_%XV5%JV`V]`1VRVRXG1  `Q` VRWC;:% QIJV^1J`C%VJHVHX0VJQCV_:0VH%JI:61I%I:%]`1J VI]Q%0VJ RXH:CX]:`C: JV1$V8

 >:J_%VJ: 1QJ:CVRVRQJJXV]Q%`C;.7R`QIX `1VV C;.7R`QCQ$1V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L A1$%`V7C7R`Q$`:IIVR%1$JQJR%VC:7:%!.:IGQJ%`1$JQJ

A1$%`V 7C7R`Q$`:IIVR%1$JQJR%VC:7;V`1C.:H

J:% QIJVRV]`XH1]1 : 1QJRV 7]VHHX0VJQCVI]V%0VJ VJ `:4JV`RVH`%V `WG`% :CVV  `WRQII:$V:GCVR%`:1 RVCV%`V6 `YIV1J VJ1 XV RVCV%`HQ%` VR%`XV8J`:1QJRV`VC1V` :HHVJ %X  V  RV  C:  J: %`V  1I]V`IX:GCV  R%  Q%RQC5  V  VJ  C;:GVJHV  RV  J:]]V  Q% V``:1JV 1I]Q` :J V5C;V:% QIGXV;X0:H%V`:]1RVIVJ ]:``%1VCCVIVJ 8

!V`X$1IVV ]`XVJ %`C:]:` 1VVJ:IQJ RV:0:CV V8J:0:CR%G:``:$VRVC:!.:]VCV V5CV RXG1 QJ R1`VH VIVJ C1X:%`QJH 1QJJVIVJ R%G:``:$V8

V`X$1IVRVC:0%J1W`VV RV 7]V]C%01QRJ10:C:0VHRV%6]X`1QRVRV.:% VV:%6VJ:% QIJVV :% ]`1J VI]V %JV]X`1QRVRVG:VV:%6V 10:CV8

!V]VJR:J 5C;1``X$%C:`1 X1J V`:JJ%VCCVR%I:J V:%JV1$V%6%`CVG:1JR%1$JQJV RVC:0%J1W`V VJ `:4JVRV:C V`J:JHVR:JJXV;`X$1IVJ10QR]C%01:CV R:JJXV;`X$1IV]C%01QRJ10:C8

VHQJ V6 V.7R`QCQ$1_%VV ].71_%VV6]C1_%VJ RQJHC:`X]:` 1 1QJRVH`%V%`CV]X`1IW `V R%8888!VCCVRH1QJ C1V%;C;:% QIJV^$XJX`:CVIVJ VJ `VQH QG`VV RXHVIG`V_85X:JIQ1J C;1J`C%VJHVHX0VJQCV]V% VJ `:4JV`C:`Q`I: 1QJRVH`%VR;1J VJ1 X`Q` VVJV] VIG`V^H;V CVH: RVC:H`%VRVV] VIG`V _8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 XG1 IQ7VJ V RXG1 RVH`%V :CV%`H`%V :XG1 =Q%`J:C1V` !Q%` ;:1J :: VRV %QH:C1: 1QJ RXHVJJ:CV I:61I%IIV%`X R;V:% 0V`:J C;X0XJVIVJ =Q%`J:C1W`V^IL_ ^IL_ :%J1W`V 0%J1W`V @I  5 LL :1J VT1$QCWJV :%J1W`V  @I  5 LL ^:%G:`CV _ V: `V^-QJ  %1$JQJ @I  5 LL ;:`1V_ V!.:IGQJ%` %1$JQJ  @I   L L  1$JQJ 1J$V:%6 %1$JQJ  @I   L L  ^V`1C.:H_ `:%CV^-QJ  %;%

?:GCV:% 70XG1 RVH`%V:%R`Q1 RV : 1QJRV%101

  !`%V.1 Q`1_%V]Q%`CV%1$JQJ     7

R:H`%VRV`X`X`VJHV`V VHVCCVRVV] VIG`V :1I1CXV;%JVHVJ VJJ:CV8VRXG1 1J :J :JX R%1$JQJ:: V1J  IL:%!.:IGQJR%`R1$JQJCVV`V] VIG`V]Q%`%JRXG1 =Q%`J:C1V`RV  ILCVV] VIG`V8!`%VRV 7]VHX0VJQCV5VCCV: Q%H.XC;VJVIGCVR%G:1J0V`:J V V  ]:` 1H%C1W`VIVJ I:`_%:J V]:`CVRX$= _%;VCCV:QHH:1QJJX8-:`V6VI]CV5C:`%] %`VR%G:``:$V R%]C:JRV:%RVA:7%`1$JQJ:V%%JV1J`C%VJHV%`C:C1$JVRV:%R%1$JQJR:JCVHQII%JV VJ:0:C1IIXR1: 8

%`C:]:` 1V:0:CR%G:1J0V`:J 5CVG:``:$VRV:0:CV V:]V`I1R;XH`Y V`C:]Q1J VRVC:H`%VR% 1$JQJ5RV IL; ILR%`:1 R%JH`V%6RVIHQJXH% 1`;C:`Q%`J1 %`VRV:%]Q :GCV _%1C:%`VR%`:J  Q% CX X  8CQ`I1HVH:]:` 1H%C1V`5CVG:``:$VRV:0:CV VV RV:!.:]VCV V JQJ ]:0QH: 1QJ;CXH`Y VIVJ RVH`%V8

R:H`%VRVRXHVIG`V:0VH%JRXG1 RVIL:%!.:IGQJR%`R1$JQJ8

R:H`%VRV 5011GCVIVJ 1I1C:1`V;HVCCVRV   8

R:H`%VRV _%1:HQ( XC:01V;]V`QJJV;?VJHV:X X]:` 1H%C1W`VIVJ 01QCVJ VHQIIVCV XIQ1$JVHV V6 `:1 RVC:]`VV7Hf!Q V`Q%VV `Q%0V%JVHQCQJ1VRV=V%JVC7QJJ:18^9_VJ %J1J :J CV_%VC_%VHQCQJ5IQJ1 V%`V IQJ1 `1HVX :1VJ :``:H.XV ]C:_%XHQJ `VCV:`G`V8 !V` :1J]%`VJ ;:HH`QH.V`:%6G`:JH.V8^9_Q%R:1J5%J=V%JV$:`MQJC=H.:]`1V9?V6 `:1 R%J :` 1HCVRV:;QJ :$JV5L L 8

 Q%`HV7 %RV-Q1`V:IQJ RV1CCV`V T7:]]Q` RV7J .WV$XJX`:CRV] VIG`V  Q%`HV7X %RVRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   !`%V.1 Q`1_%V]Q%`C::%J1W`V     7

VR1]Q1 1`RVIV%`V;C: : 1QJRV:%G:`CV %`C:0:CRVC:0%J1W`VV HQJ Q%`JX]:`CV XHQ%CVIVJ CQ`RVH`%V8V0:CV%`RVHV V : 1QJ]Q%`CV.:% VV:%65JVQJ RQJH]: `1:GCV8JVX %RV  :]V`I1RVIQRXC1V`CVRXG1 RVH`%VRVC:0%J1W`V7

X`1QRVRV`V Q%` X`1QRVRV`V Q%` X`1QRVRV`V Q%` %QH:C1: 1QJ ;:1J0V`:J :J :J :J :%G:`CV  : 1QJ  @I IL  IL  IL

?:GCV:% 70XG1 RVH`%V:%R`Q1 RVC: : 1QJRV%101R%HQ%`RV:%0%J1W`V

Q`_%VCQJHQI]:`VCVRXG1 IV%`X;C: : 1QJRV:%G:`CV ]Q%`%JV]C%1VRV`V Q%`:JV  CV 1I: 1QJG:XV%`CX %RVRV]C%1VV RVG:1J0V`:J 5QJHQJ : V_%VCVRXG1 IV%`XV  RV%6`Q1IQ1J1I]Q` :J _%VCVRXG1  .XQ`1_%V8!V V : 1QJQ%V 1IV Q%=Q%`;HV=Q%` C:`$VIVJ CVRXG1 RVH`%V8

6VI]CVRVH`%V.1 Q`1_%V   7

R:H`%VRV5Q0VIG`V :0VH%JRXG1 I:61I%I1J :J :JXRVIL;:%G:`CV 8

R:H`%VRVRXHVIG`V:0VH IL;:%G:`CV 8

R:H`%VRVJQ0VIG`V :0VHIL;:%G:`CV 5X]1QRV]C%CQH:C1X_%VCVH`%VRV V  8

R:H`%VRVV] VIG`V :0VH IL;:%G:`CV V HVCCV_%1:CV]C%I:`_%XCVV]`1 %`CV G:1JRVC:0%J1W`V8

JVX %RVRV]Q` :J %`C:`XR%H 1QJR%`1_%VR1JQJR: 1QJ%`C:HQII%JVRV0%J1W`V:X X `X:C1XVVJ R:JCVH:R`VR%--'8VHQJHC%1QJRVHV VX %RVQJ _%VCV ]C%1V RXHVJJ:CVQJ ]V%RXGQ`R:J V%`C:HQII%JV.Q`I1%`CVVH V%`Q&CVC1 I:=V%`:X X ]`XV`0X8  -C%1V%`  VJ `V]`1V  V  .:G1 : 1QJ  QJ  X X  _%:C1`1XV  RV  `W  0%CJX`:GCV  :%  `1_%V R1JQJR: 1QJ8

 Q%`HV7 %RVRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888 8 XG1 RX 1:$V .QR%CV !Q%` ;:1J <:]]Q`  %QH:C1: 1QJ .@ ^IL_ 1J V`:JJ%VC R;V:% 0V`:J .QR%CVL .@ ^IL_ :%J1W`V 0%J1W`V @I 5QJ`VJV1$JX 5QJ`VJV1$JX L :1J VT1$QCWJV :%J1W`V  @I 5 5 5 ^:%G:`CV _ V: `V^-QJ  %1$JQJ @I 5QJ`VJV1$JX 5QJ`VJV1$JX L ;:`1V_ V!.:IGQJ%` %1$JQJ  @I 5 5 5 1$JQJ 1J$V:%6 %1$JQJ  @I 5  5 5 ^V`1C.:H_ `:%CV^-QJ  %;%

?:GCV:% 70XG1 RX 1:$V:%R`Q1 RV : 1QJRV%101

VRXG1 RX 1:$V%`CV1$JQJR%VC:7QJ ]:` 1H%C1W`VIVJ ]`QJQJHX8VCQJCVHQJJ:1:JHV RV:H V%`CQH:%65CVX 1:$VRV:``C%VJ R%1$JQJ5QJ ]C%Q%IQ1J`Q` 8-:`V6VI]CV5RV :VH  QJ  X X  ]C%1V%`  `Q1  `V]X`X 01%VCCVIVJ  %`  C:  1$JV  V  CV  ;Q%V8  %H%JV  RQJJXV _%:J 1 : 10VRV%101RVHV`%1V:%6JV :H %VCCVIVJ R1]QJ1GCV8

888 8 XG1 VJ:0:CRVC: .:]VCV V

VG:``:$VRV:0:CV VV RV:!.:]VCV VJ;QJ ]:0QH: 1QJ;C;XH`Y VIVJ RVH`%VJ1R:JCV Q% 1VJRVX 1:$V8%0%VRVC;1J%``1:JHVRVRXG1 `XV`0X`V 1 %X;C;:0:CRVHVQ%0`:$V5%J ]`Q QHQCVR;:HHQ`R:X X1$JXCV=%1CCV  VJ `VC:01CCVRV:1J R 1VJJV50A5C;-^:JH1VJ  :GC1VIVJ -%GC1HQ1`V_5C;$VJHVRVC;:%Q1`VR>`V :$JV5CV!QJV1CXJX`:CRVC:% VRQ1`V5C: AXRX`: 1QJRV]YH.VRVC:% VRQ1`V5C:QH1X XRV-YH.VR;1J$V:%6V CV7JR1H: RV?`Q1 7101W`V8

!V :HHQ`R]`X0Q1 %JV:IXC1Q`: 1QJRVRXG1 `V 1 %XVJ:0:CRVQ%0`:$V5Q]X`: 1QJ_%1;V  HQJHC%V  ]:`  C:  ]QV  R;%JV  JQ%0VCCV  0:JJV  RV  `V 1 % 1QJ  RV  RXG1   ;  C;:0:C  R%  G:``:$V  RV  C: !.:]VCV V8

VRXG1 `X%C :J RVHV :HHQ`RQJ X XRX`1J1%`C:G:VRVH:CH%CRVRXG1 I1J1I%I G1QCQ$1_%VVCQJC:IX .QRVRVI1H`QR.:G1 : ]:`CV!;7A8

>:``:$V :0:CV V :!.:]VCV V 0XG1 :0:J CV ]`Q QHQCVR:HHQ`R  C1 `VLVHQJRV^L_ L RV=%1CCV  @Q%0V:%6RXG1  %LR%V`QH QG`V:% I:1 %LR%V`QH QG`V:% I:1 `V 1 %XRV]%1 %LR% I:1:% %LR% I:1:%V] VIG`V  V] VIG`V

?:GCV:% 70XG1 `XV`0XVJ:0:CRVG:``:$VRV:0:CV VV RV:!.:]VCV V

  ]:` 1`  RV  5  CV  G:``:$V  RV  :0:CV V  RV0`:  V  HQJ`Q`IV`  :%6  JQ%0VCCV  QGC1$: 1QJ `X$CVIVJ :1`V5HV ;R1`V%JRXG1 `XV`0X:%I1J1I%IX$:C:%R161WIVR%IQR%CV:JJ%VC8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L VIQR%CV:JJ%VCH:CH%CX%` :J^  R_:%J10V:%RVCQ%0`:$VV RV 5 IL8VRXG1  `XV`0XRV0`:RQJHY `V:%I1J1I%IRV  L80:JCVH:Q&CVRXG1 VJ `:J R:JC:`V VJ%VV  1J`X`1V%`:%RXG1 `XV`0X5C:CQ1:% Q`1V:%$V 1QJJ:1`VRVCQ%0`:$VR:G:1V`C:0:CV%`R%RXG1  `XV`0X;C:HVCCVR%RXG1 VJ `:J 8:1CCVRV:1J  1VJJV:]`Q]QXRV`V]VH V`%JRXG1 `XV`0X HQJ :J  Q% :%CQJ$RVC:JJXVRV L;]:` 1`RV  8

V0:CV%`:H %VCCVRVRXG1 `XV`0XVJ:0:CRV:!.:]VCV VHQ``V]QJRVJ RX=;:%R161WIVR% IQR%CV8

888 %V`1_%VR1JQJR: 1QJ

8888 QJ V6 V`X$CVIVJ :1`V

V-8-878^-C:JRV-`X0VJ 1QJRV71_%V_:X X1J 1 %X]:`C:CQ1J  RR%`X0`1V`  IQR1`1:J C:CQ1J R R%=%1CCV  8VRXH`V  R R% QH QG`V ^JQJHQR1`1X_V  0VJ%]`XH1V`CVHQJR1 1QJR;:]]C1H: 1QJRVC:CQ180;:% `V V6 VCX$1C: 1`V `X$CVIVJ :1`VQJ  RV]%1HQI]CX XHVR1]Q1 1`^CQ1R%=%1CCV 5RXH`V R%=:J01V` JQ :IIVJ _8V V6 V CX$1C: 1`QJ :%=Q%`R;.%1HQR1`1X:%6:` 1HCV8 R;8 R R%!QRVRVC;J01`QJJVIVJ 8

V--7HQJ 1 %V%JRVQ% 1CR;%JV]QC1 1_%V]C%$CQG:CVRV]`X0VJ 1QJ5I1VVJ]C:HV]:`CV $Q%0V`JVIVJ 8!V V]QC1 1_%V5_%101VJQ :IIVJ ;XH%`1V`CV]Q]%C: 1QJV CVG1VJ5RQ1 :%1 ]V`IV `V%JRX0VCQ]]VIVJ R%`:GCVRV V``1 Q1`V5VJVJ$:$V:J CV:H 1QJ%10:J V7

R;1V%6HQJJ:4 `VCV].XJQIWJVV CV%`1JH1RVJHV6

R%`V`5CQ`_%VHVC:V ]Q1GCV5%JV%`0V1CC:JHVRV].XJQIWJVJ: %`VC6

RVJ1G1C1V`V 1J`Q`IV`CV]Q]%C: 1QJ%`CV`1_%VCVHQJHV`J:J V %`CVIQ7VJRV;VJ ]`Q X$V`6

R-`VJR`VVJHQI] VCV`1_%VR:JCVRXH11QJR;:IXJ:$VIVJ V CV:H VR;%`G:J1IV6

R-`Q X$V`V :R:] V`CV1J :CC: 1QJ:H %VCCVV `% %`V6

R?1`V`CVCVMQJRVX0XJVIVJ J: %`VCRQII:$V:GCVCQ`_%;1CV]`QR%1VJ 8

V--7RXC1I1 VCV

V--7QJ ]`VH`1 ]:`CV^_]`X`V ^_R%^RV_RX]:` VIVJ ^_HQJHV`JX^_%`%J]X`1IW `V ]XH1`1X  CQ`  RV  C:  ]`VH`1] 1QJ8  V  ]`Q=V  RV  --7  V  Q%I1  ;  C;:01  HQJ%C : 1`  RV  HQJV1C I%J1H1]:%6RVHQII%JVHQJHV`JXV]%1;VJ_%Y V]%GC1_%V8C;1%VRVHV VVJ_%Y V5CV--7 V :]]`Q%0X]:`CV]`X`V ]%1;1I]QVRV]CV1JR`Q1 VJ :J _%VV`01 %RVR;% 1C1 X]%GC1_%VV V  :JJV6X:%-^-C:JQH:CR;`G:J1IV_8

0:JCV

8888 "V 1QJRV H`%V VJ]X`1QRVRVH`1 V

 Q%`HV71CCVRV:1J  1VJJV5

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ;QG=VH 1`RVC;:JJQJHVRVH`%VV RV]V`IV `V:%6V`01HVRVC; : V :%6I:1`VRV]`VJR`V Q% VCVIV%`V]Q1GCV]Q%`:%`V`VJ]`1Q`1 XC:XH%`1 XRV]V`QJJVV : XJ%V`CV HQJX_%VJHVRQII:$V:GCVRVH`%V8VHVJ `VRV$V 1QJRVH`%VV RVX 1:$VR;2`CX:J:VJ H.:`$VC:I:1J VJ:JHV VH.J1_%VR%`XV:%RVIV%`V!7'?8

V RX]:` VIVJ  RV  C: C:% VRQ1`V5 HQIIV Q%  CV  RX]:` VIVJ   ``:JM:1  Q%I1  ;  %J `1_%V R;1JQJR: 1QJ5R1]QVR;%JR1]Q1 1`RV%`0V1CC:JHVRVH`%V7CV`XV:%!7'?]Q%`CVG:1J .7R`Q$`:].1_%VRVC:Q1`V8

0V]%1CVV`RXHVIG`V 5C:%`0V1CC:JHVV C;1J`Q`I: 1QJRVH`%VRVC:Q1`V5RVC:>Q`JVV R% 1$JQJQJ :%`XV]:`CV-!^V`01HVRV-`X011QJRV!`%V_RVC:07!VJ `VR;2`CX:J8V ]`X011QJJ1 V  R%  -!5  ;  ]:` 1`  RV  RQJJXV  .7R`QCQ$1_%V  `VH%V1CC1V  ]:`  CV  `XV:%  !7'?5 HQ%]CXV;HVCCVR%`:R:`IX XQ`QCQ$1_%VRVVIG:RVCV RVH:` VRV01$1C:JHVRV;X XQRA`:JHV5 1J`Q`IVJ `X$%C1W`VIVJ CV-`X`V ]:`CVG1:1RVG%CCV 1JRV1 %: 1QJ8

%`CVG:1J0V`:J R%1$JQJ5CV1J`Q`I: 1QJ% 1C1XVR:JHV`XV:%QJ 1%VRVIV%`V `X:C1XV%`CV : 1QJ.7R`QIX `1_%V^0Q1`CV8888_

V;:1`VQJ 1J`Q`IXRV Q% VIQJ XVRVV:%6R%`CV%0VR:JCVH:R`VRVC:JQ%0VCCV]`QHXR%`V RV01$1C:JHVV R;:CV` V:%6H`%VVJ01$%V%`RV]%1CV =%1CCV  8

!V V]`QHXR%`V`QJH 1QJJV]:`:J:CQ$1V:0VHC:01$1C:JHVIX XQ`QCQ$1_%VV ]V`IV RVRQJJV`%JV ]`X011QJRVH`%V;.V%`V8!.:_%VHQ%`R;V:%1JHC%R:JC:01$1C:JHVH`%VV R101XVJ `QJMQJ5H.:H%J:``VH XR;%JVHQ%CV%`VJ`QJH 1QJR%J10V:%RV01$1C:JHV8

8888 51 _%VR1JQJR: 1QJ !:` V 7<1_%VR1JQJR: 1QJ5

HV=Q%`5:%H%J-C:JRV-`X0VJ 1QJRV71_%VR'JQJR: 1QJ^--7'_JV ]`VH`1 Q%:]]`Q%0XVJ C1VJ:0VHCV1$JQJR%VC:7  8

%`CVG:1J0V`:J RVC:0%J1W`V5%J--7':X X]`VH`1 %`C:HQII%JVRV71Q Q`RV %JRQH%IVJ  V :]]`Q%0X%`C:HQII%JVRV0%J1W`V8V%CVVRV%6HQII%JVQJ CV%`GQ%`$Q%I1:%6 :CX:RVC:0%J1W`V8%`CV V``1 Q1`VRV:1J V1$QCWJV5CVH:I]1J$RV:%G:`CV V  Q%H.X8X %RV 27CRVHQJV1CCVR:JCVH:R%H:I]1J$R%:%G:`CV ;:1J V1$QCWJVRV`VIV `V;=Q%` CV]C:JRX0:H%: 1QJR;%`$VJHVH:I]1J$5VJ71J X$`:J CVJQ%0VCCV

V:% `V--7'RVHQII%JVR%G:1J0V`:J HQJHV`JVJ CV`CV%0VQ1`VV C:`101W`VVIWJV8

 Q%`HV700?5

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L !QII%JV 

?:GCV:% 7 : R:0:JHVIVJ RV--7'%`CVG:1J0V`:J

8888 51 _%VRV`%] %`VRVG:``:$V

%`CVG:1J0V`:J 5V] HQII%JVQJ HC:XVHQIIVQ%I1V:%`1_%VRV`%] %`VRVG:``:$V VJC1VJ:0VHCVG:``:$VRV:0:CV V7:] V5:1J IV%`V51J$V:%65`:<:H5:1J ;:%`1HVRV 1$JQJ5V1CCV V5;QJ1 `QC%`Q1`V8

:`X$CVIVJ : 1QJ``:JM:1V1I]QV%JHQJ `TCV:0:J 5]VJR:J V :]`WC:HQJ `%H 1QJRV Q%CV G:``:$VV VJ]:` 1H%C1V`RVHV%6_%1QJ %JV.:% V%`%]X`1V%`V;IW `V8

!VRV`J1V`QJ HC:X7 XI: 1_%VIVJ HQIIV1J X`V:J C:XH%`1 X]%GC1_%VV JXHV1 VJ  %JV6:IVJ5]`X:C:GCVIVJ ;CV%`HQJ `%H 1QJ5RVCV%`RQ1V`RX %RV5]:`CV!QI1 X?VH.J1_%V -V`I:JVJ RV>:``:$V^!?->_8

-:`I1HVG:``:$V5HV%6_%1QJ %JVH:]:H1 X%]X`1V%`V; I1CC1QJRVI5QJ :%=V 1RV]C%5 ;%JVX %RVRV :G1C1 X]:``:]]Q` :%6`1_%V01;01RVH`%V%]X`1V%`V:%6H`%V]`1VVJ HQJ1RX`: 1QJ  R:J  CV  ]`Q=V   ^I1CCXJ:CV  ]Q%` CV  G:``:$V  VJ GX QJ6  RXH:I1CCXJ:CV  ]Q%`  CV R1$%V_5RVX1IVV RVV``QJR`VIVJ RV0:CCXVR:JC:`V VJ%V8

!V VX %RVRQ1 Y `VQ%I1VX$:CVIVJ ;C:01R%!?->RVIYIV_%VCX0:C%: 1QJRVCQJRVRV %GIV`1QJ^.:% V%`RV:%V 01 VVRVCQJRV_VJH:RV`%] %`VR%G:``:$V7HV VX0:C%: 1QJ RV0:J  ]V`IV `V  :%  V`01HV  H.:`$X  RV  C:  ]`Q VH 1QJ  H101CV  RXC:GQ`V`  %J  -C:J  -:` 1H%C1V` R'J V`0VJ 1QJ:`1JR1J`Q`IV`V X0:H%V`C:]Q]%C: 1QJ1 %XVR:JC:

J-C:J-:` 1H%C1V`R'J V`0VJ 1QJ]Q%`CVG:``:$VRV:0:CV V:X X:]]`Q%0X]:`:``Y X1J V`R ]`X`VH Q`:CJ R :]]`Q%0:J CV--'1$JXVJRXHVIG`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  28@!C?8@@.@C ?!?!8% 

888 2:%JV]1H1HQCV

V]WHV`V]W`V%`CVG:1J0V`:J V C:?`%1 V`:`1Q8JVQ%V]WHVVJRXI1_%VV R:1CCV%` ]`XVJ V%`CVG:1J0V`:J 8VR1``X`VJ V]YH.VXCVH `1_%V`X:C1XV5]:`C:AXRX`: 1QJRV ]YH.VRVC:C:% VQ1`V5RVC:Q1`VV ]:`C25;IV VJ VJ0:CV%`C:]`XVJHVR:% `VV]WHV ]1H1HQCVVJ`QJH 1QJRVHQJ V6 V]1H1HQCV8

Q%RG:1J 7V VJ%VRV 1$JQJ:IQJ  1$JQJ:0:C 0%J1W`V 0V`:J :0:CV V :`RQJ5>`YIV5 GCV V5>`QH.V 5 Q%=QJ5:1`QJ5 :JR`V5-V`H.V5 Q%=QJ5:1`QJ5?`%1 V !.V0:1JV5?`%1 V`:`1Q5 !:`]VHQII%JV5 ]WHV Q%=QJ5:1`QJ5 `:`1Q5QH.V``:JH.V5 >:`GV:%`C%01: 1CV5 ?:JH.V5`XI1CCV5 ]1H1HQCV ?`%1 V`:`1Q5QH.V !.:GQ 5-V`H.V ]1`C1J5QH.V``:JH.V5 Q%=QJ5:1`QJ5 ]`XVJ V ``:JH.V8 HQII%JV5!.V0:1JV 2IG`VHQII%J5 !.V0:1JV5 !.V0:1JV ?`%1 VA:`1Q5?`%1 V `HRVJRH1VC52IG`V HQII%J

?:GCV:%7]WHV]1H1HQCV]`XVJ V%`CVG:1J0V`:J 8

888 !QJ V6 V]1H1HQCVV .7R`QIQ`].QCQ$1V !:` V7!QJ V6 V]1H1HQCV

8888 5X V:%RG V`0: 1QJRV I1C1V%6^5_ V7XV:%R;2GV`0: 1QJRV;1C1V%6^72;_:J:C7V;]:` 1`R;V]WHV1JR1H: `1HVCV]V` %`G: 1QJ V CV1I]:H RV:H 101 X.%I:1JV8VV]WHVRV]Q1QJ_%1010VJ R:J%JHQ%`RV:%5C: _%:J 1 XRV]Q1QJRVH.:_%VV]WHV5RX]VJRVJ RVC:HQJR1 1QJR%I1C1V%8!.:_%VV]WHVQ% $`Q%]VRV]WHV:RVGVQ1J]:` 1H%C1V`8'C:X XHQJ1RX`X_%VCV]Q1QJ`X%I:1VJ  `WG1VJ CX : `QJH 1QJJVC$CQG:CR%JHQ%`RV:%7CV%`%`01VRX]VJR:J R%`:1 _%VCV%`V61$VJHV]`Q]`V V HVCCVRV Q%CVY `V010:J RVJ10V:%61J`X`1V%`QJ : 1`:1 V80:J%J]V%]CVIVJ RV ]Q1QJ_%1V HQI]QXRV]C%1V%`V]WHV5HV` :1JVV]WHVQJ ]C%V61$V:J V%`C:_%:C1 X R%I1C1V%5V ]V%0VJ Y `VHQJ1RX`XVHQIIVRVV]WHV1JR1H: `1HV8JV`101W`VVJGQJX : V  %JV`101W`VR:JC:_%VCCVQJ]V%  `Q%0V`CVV]WHVRV]Q1QJ1JR1H: `1HVR:JC:_%:J 1 XV C: R10V`1 X_%;:% Q`1VJ CVH:`:H X`1 1_%VR%I1C1V%J: %`VC8 1%JV:H 101 X.%I:1JV:IQR1`1XCVHQJR1 1QJJ: %`VCCV5C1I]:H %`CVJ01`QJJVIVJ :_%: 1_%V V`:`X0XCX]:`%JVX0QC% 1QJRX`:0Q`:GCVRVC:]Q]%C: 1QJRVCV]WHV1JR1H: `1HV80;:% `VV]WHV :]]:` VJ:J :%`W$JV:J1I:C^Q1V:%61J`XQRX:%6`101W`V5I:II1`W`V:_%: 1_%V5`V] 1CVQ% :I].1G1VJ_  0Q1`V  :%  `W$JV  0X$X :C  ]Q%``QJ  :%1  Y `V  `V VJ%V  HQIIV  1JR1H: V%`  RV  C;X :  `QJH 1QJJVC8  V  V]WHV  RV  ]Q1QJ  1JR1H: `1HV  ]`XVJ VJ  C;:0:J :$V  R;Y `V  `W  C:`$VIVJ  `X]:` 1V%`C;VJVIGCVR%`XV:%.7R`Q$`:].1_%VHV_%1J;V .XC:]C%CVH:RVC:]C%]:` RV :% `V0V` XG`X8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L !V  VJ  :]]C1_%:J  HV  ]`1JH1]V _%V  CV  AXRX`: 1QJ  RV  -YH.V  V  RV  -`Q VH 1QJ  RV  ;1C1V%6 _%: 1_%V^A0--;_QJ H:`:H X`1X CX : XHQCQ$1_%V`QJH 1QJJVCRVHQ%`RV:%6``:JM:15VJ % 1C1:J HQIIVV]WHV1JR1H: `1HVC: `%1 VHQII%JV^`:`1Q_]Q%`CVI1C1V%6:CIQJ1HQCV^V:%6 ``:4H.VHQ%`:J V$XJX`:CVIVJ RVIQJ :$JVQ%]`QH.VRV`VC1V`_5CVG`QH.V ]Q%`CVI1C1V%6 H7]`1J1HQCV^`101W`VCVJ VRV]C:1JV_5V C;QIG`VQ%CVH7]`1J1RXR;V:%6010V^G:`GV:%50:JRQ1V9_ ]Q%`CVI1C1V%61J V`IXR1:1`V8!VV]WHVQJ V61$V:J VV ]`XVJ VR:J Q%CVI1C1V%6 J: %`VCVJGQJX : 8 !V V  H:`:H X`1: 1QJ  :  X X  X :GC1V  ]Q%`  RV  %J1 X5  :]]VCXV  HQJ V6 V5  HQ``V]QJR:J  ;  RV VJVIGCV_%1]V`IV VJ :%6V]WHV1JR1H: `1HVRV`X:C1V`C;VJVIGCVRVCV%`H7HCVRV01V8

5QIR%HQ%` !QRVRVC:I:V 5QII:VRV:% ;Q`].QCQ$1V72; C7R`QCQ$1V72; RV:% RV:% V1$JQJR%VC:7 V V:``C%VJ  ?`W`:1GCV ?`W`:1GCV 1$JQJR%VC:7 A77 : RV]%1C:Q%`HV ]V` %`G: 1QJ ]V` %`G: 1QJ =%_%;:%HQI]CV6V RV:0:CV V V1$JQJR%VC:7 V V:``C%VJ R% HQI]CV6VRV ?`W`:1GCV ?`W`:1GCV 1$JQJR%VC:7 A77 G :0:CV V=%_%; ]V` %`G: 1QJ ]V` %`G: 1QJ :HQJ`C%VJHV:0VH C:Q1`V :0%J1W`VV V :``C%VJ RV]%1C: ?`W`:1GCV ?`W`:1GCV :0%J1W`V A77  Q%`HV=%_%;: ]V` %`G: 1QJ ]V` %`G: 1QJ HQJ`C%VJHV:0VHCV 1$JQJR%VC:7 :>`QV VV V :``C%VJ RV: :>`QV V A77  Q%`HV=%_%:% 5QJ]`XH1X 5QJ]`XH1X HQI]CV6VRV :0:CV V

?:GCV:%7JQ VR%7XV:%R2GV`0: 1QJRV;1C1V%6RVI:VRV:%R%R%1$JQJR%VC:7

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 'V HQJ V6 V ]1 H1HQCV %VC:J:X]:` VIVJ :%6RV`Q VH 1QJRVI1C1V%6:_%: 1_%VV RVV 1QJRVC:`VQ%`HV  ]1H1HQCV^: _QJ 0QH: 1QJ;VJH:R`V`CV-C:JRVV 1QJ-1H1HQCV^--_RQJ C:`X:C1: 1QJV C: I1VVJ:]]C1H: 1QJ1JHQIGVJ :%6RX VJ V%`R%R`Q1 RV]YH.VHQJ`Q`IXIVJ ;C:` 1HCV8RR% HQRV  RV  CVJ01`QJJVIVJ 8  C:GQ`X  ]:`  CV  `XRX`: 1QJ  RX]:` VIVJ :CV  RV  ]YH.V  VCQJ  %JV IX .QRQCQ$1VI1V:%]Q1J ]:`C25;51CHQI]`VJJVJ 7 R%JV]:` 1V VH.J1_%VV  .XQ`1_%VHQJ1 :J ;RXC1I1 V`RVHQJ V6 V]1H1HQCV.QIQ$WJVVCQJ %JVV]WHVH`V]W`VI51RVJ 1`1V`]Q%`H.:_%VHQJ V6 VCV`:H V%`RV]V` %`G: 1QJRVHQ%`RV:% V RX V`I1JV`QJX : RV`QJH 1QJJVIVJ ]1H1HQCV^HQJ`Q`IV5]V` %`GXV RX$`:RX_5]%15VCQJHV 1J`Q`I: 1QJ5]`Q]QV`RV:H 1QJRV`X.:G1C1 : 1QJR%I1C1V%:_%: 1_%V:1J1_%VRVQ`1VJ : 1QJ RV$V 1QJ]1H1HQCV^$V 1QJ]: `1IQJ1:CVQ%$V 1QJ]: `1IQJ1:CVR1``X`XV_8 R  %JV  ]:` 1V  RV  ]`Q$`:II: 1QJ  XH.VCQJJXV  %`   :J5  V  `:R%1:J  ]:`  CX :GC1VIVJ  RV -`Q$`:IIVRVH 1QJ5XHV:1`V^-5_]Q%`C:`V :%`: 1QJR%I1C1V%:_%: 1_%VV C:$V 1QJ ]1H1HQCV8 0Q XR%JV]Q` XV=%`1R1_%V5 Q% VRXH11QJ:RI1J1 `: 10VRQ1 CV%`Y `V`VJR%VHQI]: 1GCV8 :GC1 VJHQJHV` : 1QJ:0VHCV:% `V:H V%`1J V`0VJ:J R:JC:]`Q VH 1QJRVI1C1V%6:_%: 1_%V ^$VJHVRVC;V:%5HQCCVH 101 X5V`01HVRVC; : 59_5CV-0-QJ HQ.X`VJ :0VHCVRQH%IVJ RV ]:` VJ:1`V5RQJ CVQG=VH 1`QJ 7 R7VJ`Q`HV`V RX0VCQ]]V`C:]`XV`0: 1QJV C:`V :%`: 1QJRVI1C1V%6:_%: 1_%V R!QJ``QJ V`C:$V 1QJ]1H1HQCV:H %VCCV:%6`X:C1 XXHQCQ$1_%VR%I1C1V% R-V`IV `VRV`16V`%JH:R`VHQII%JR;:H 1QJ:%6RX VJ V%`RVR`Q1 RV]YH.VR:JCVG% RV HQQ`RQJJV`V RV`: 1QJ:C1V`C:$V 1QJ]1H1HQCV:%J10V:%RX]:` VIVJ :CV R!QJH1C1V`C:RVI:JRVRV]YH.V%`:0VH%JV]`QR%H 1QJ]1H1HQCVJ: %`VCCVV %``1:J VR:JRV I1C1V%6^C:H5`101W`V_:%`QJH 1QJJVIVJ XHQCQ$1_%VX_%1C1G`X8 %VHQJ V6 V]1H1HQCV HQJ 1 %VJ CV%J1 X]: 1:CVRVG:VRVC:$V 1QJ]1H1HQCV5RXC1I1 XV ]:`CVRQI:1JVR;X0QC% 1QJRV]Q]%C: 1QJRVV]WHV>`V]W`V?8  !QJ V6 V:CIQJ1HQCV71C;:$1 RVHQ%`R;V:%V `%1V:%6RVW`VH: X$Q`1V]1H1HQCV5 RQI:1JVRV]`XR1CVH 1QJRVC: `%1 V`:`1QV RV]V 1 VV]WHVR;:HHQI]:$JVIVJ ^H.:GQ 5 0:1`QJ5  CQH.V5  $Q%=QJ_8  ;XH`V01V  ;  >]1VR  GC:JH?  7  V  ]:``Q1  ]`XVJ V8  !V  I1C1V%6 RX`1J1VJ C:>`V]W`V?8  !QJ V6 VH7]`1J1HQCV7CVH:`:H X`1 1_%VXHQCQ$1_%VRVHVI1C1V%6QJ `:0Q`:GCV:% RX0VCQ]]VIVJ RVH7]`1J1RXR;V:%6H:CIV^:GCV V5$:`RQJ5G`WIV9_V ;CV%`]`XR: V%` ^]V`H.V5G`QH.V 5:JR`V_8VG`QH.V ^Q6C%H1%_VJV C;V]WHV>`V]W`V?8 0:JCVH:R`VRV-C:J0X]:` VIVJ :CV]Q%`C:-`Q VH 1QJR%I1C1V%:_%: 1_%VV C:V 1QJRVC: `VQ%`HV]1H1HQCV^-0-_RVC:AXRX`: 1QJRV-YH.VRVC:C:% VQ1`V`X:C1XVJV I1;=Q%` VJ5CX : `QJH 1QJJVCRVHQJ V6 V]1H1HQCVRVQ%RG:1J0V`:J R%1$JQJ:IQJ 5:0:C5 RVC:0%J1W`VV R%]C:JRV:%RV:0:CV V:X XRX`1J18VI1V;=Q%`1J W$`VJ CV:H 1QJ `X:C1XV  %`  CV  G:1J  0V`:J  ^ `:0:%6  %`  CV  Q%0`:$V5  ::1J1VIVJ  V H_  :1J1  _%V  CV HQJJ:1:JHVRVCX : RV]Q]%C: 1QJRVV]WHV`V]W`V1RVJ 1`1XV8VRQJJXV]1H1HQCV%` CVHQ%`RV:%QJ 1%VRV%101`X:C1X ]:`C:A0--;V C25;8-Q%`C:`V VJ%VRV :0:CV V5C:RQJJXVH1VJ 1`1_%VR: VR%JVX %RVRVC:A0--;VJ 5VCCVV RQJHHQI]CX XV %`C:G:VRVH:] %`VRV]YH.V%`V RVQGV`0: 1QJRV V``:1J8J5C:A0--;HQJR%1`: %JVX %RV%`C:`V VJ%VRV:0:CV V_%1]V`IV `:RVI1V%6H:`:H X`1V`C:`QJH 1QJJ:C1 XR%I1C1V% ]Q%`CV>`QH.V V R1RVJ 1`1V`CVX0VJ %VC`:H V%`C1I1 :J ]Q%`QJRX0VCQ]]VIVJ 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L %H%JXCXIVJ HQJHV`J:J CVRX]:` VIVJ RVC`RWH.VV RVC:Q1`VJQJ X XHQII%J1_%X8 VHQJ V6 VV R1 7  >HQJ`Q`IV?CQ`_%VCV]Q1QJ`V]`XVJ : 1`RVHVRQI:1JV `Q%0VJ CVHQJR1 1QJRV `X:C1: 1QJRVCV%`H7HCVG1QCQ$1_%VR:JQJVJVIGCV^XHCQ1QJ5H`Q1:JHV5`V]`QR%H 1QJ_5  >]V` %`GX?  CQ`_%:%  IQ1J  %JV  RV  HQJR1 1QJ  RV  `X:C1: 1QJ  R%  H7HCV  G1QCQ$1_%V  RV ]Q1QJV HQI]`QI1V5  >RX$`:RX?CQ`_%VCV]Q1QJ`V]`XVJ : 1`RVHVRQI:1JVJV `Q%0VJ ]:;: 1`:1`V:% IQ1J%JVRVCV%``QJH 1QJ01 :CV8:J:H 1QJV6 X`1V%`V5CV]V%]CVIVJ H:`:H X`1 1_%V RVHVRQI:1JVR1]:`:4 8 VHQJ V6 V]1H1HQCVHC:XHHQJ`Q`IVIHQ``V]QJRVJ ;RVI1C1V%6Q&CV]WHV`V]W`VV  HVCCV  _%1  C%1  QJ  :QH1XV  `Q%0VJ  RV  HQJR1 1QJ  `:0Q`:GCV  ;  CV%`  RX0VCQ]]VIVJ 8  !V V 1J`Q`I: 1QJV $CQG:CVV JVQ%VJ VJR]:_%:%H%JV]V` %`G: 1QJJV01VJ :C X`V`C:_%:C1 XRV I1C1V%6V _%VRV:H 1QJQ1VJ ;]`X0Q1`8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L Q%RG:1J %1$JQJ:IQJ  %1$JQJ:0:C :``:$V`:1:J   RQIV 1_%V :`1: 1QJRVHT VR%]C:J QG :HCV;C: ^!.:IGQJL1$JQJ5 RV:%RV]:` CV%:$V -V` %`G: 1QJVJ$`:JRV]:` 1V H1`H%C: 1QJRV ?VJHV5;:`QH.V 5J$%1CCV5 :%0:$VRVC: `%1 V`:`1Q5 RXH`V01V; ]`XVJHV ]`Q VH 1QJRVC:Q%H.V ]`XVJHVRXH`V01V;]: V J=V%6 ]: VGC:JH.V RXH`V01V;]: V :%0:$VRVC: `%1 V`:`1Q5 GC:JH.V%`CV:``C%VJ R% ]: `1IQJ1:%6 %`CV:``C%VJ  GC:JH.V%`CV ]`XVJHVRVC2IG`V 1$JQJ5]`XVJHVRVC2IG`V R%1$JQJ5 :``C%VJ R%1$JQJ5 HQII%JVJ_%V%VRV HQII%J%`C:]:` 1VG:VRV ]`XVJHVRV ]`XVJHVRV `V VJ%V C:0%J1W`V8 ;Q%CV]V`C1W`V5 C2IG`VHQII%J ]Q VJ 1VCCV`101W`V %`CV1$JQJ8 ;2IG`VHQII%J8 V 1QJ]1H1HQCV V 1QJ V 1QJ V 1QJ]: `1IQJ1:CV V 1QJ]: `1IQJ1:CV ]`XHQJ1XV ]: `1IQJ1:CV ]: `1IQJ1:CV R1``X`XV IXJ:$VIVJ R;%JV ``:7W`V;J10V:%`16V%`C: `VH%CXVR%;Q%V -`Q VH 1QJ5 IXC1Q`: 1QJ$CQG:CVRVC: -`Q VH 1QJ5 Q%%`C:`VH%CXVRVC: VJ `V 1VJV I1V _%:C1 XRVV:%65 VJ `V 1VJV I1V >`QV V5:IXJ:$VIVJ  VJ0:CV%`RV :IXJ:$VIVJ V LQ% H 1QJ VJ0:CV%`RV R;%JV``:7W`V;J10V:%`16V I1C1V%6:_%: 1_%V :`:VIVJ RVQG :HCV ]`1Q`1 :1`V I1C1V%6 VJ_%V%VRV`V VJ%V5 V :QH1X5%101 ]1H1HQCV5:%$IVJ : 1QJRV :_%: 1_%VV   :G1C1: 1QJRVC:HT VR% IQ`].QCQ$1_%VR% RXG1 `XV`0XRVRV%6 :QH1X ]C:JR;V:%;QJJ10V:% HQ%`RV:% I1H`QHVJ `:CV I:61I:C R;V6]CQ1 : 1QJ^ I5A_ VJ `VRXG% 0`1CV `1JI%1J

?:GCV:%77J .WVRVX : `QJH 1QJJVCRVR1``X`VJ HQJ V6 V]1H1HQCV

 Q%`HV7-0-AXRX`: 1QJRV]YH.VRVC:C:% VQ1`V  V-0-:=Q% :1 HQIIV]V` %`G: 1QJRVRXG1 `XV`0X1J%``1:J VJ:0:CRVQ%0`:$V8!VRXG1 HQ``V]QJR:1VJ  :%6RXG1 :J X`1V%`:%6JX$QH1: 1QJVJ `VCV7JR1H: I16 VRV?`Q1`101W`V5C:AXRX`: 1QJRV]YH.V5C:1CCVRV   1VJJVV 0A80VHV`:1 5HV V]V` %`G: 1QJJV ]:IVJ 1QJJXVR:JCV V6 V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L X : ]1H1HQCVRV C:0%J1W`V:X X`V0:CQ`1XVCQ`RVC:I1VVJ=Q%`R%-0-8JV``V 5CV ]`1JH1]:CV]V` %`G: 1QJH:%:J :RX$`:R: 1QJ$CQG:CV5QJ X X`XQ`GXV7

 RV `:0:%6%`C;::1J1VIVJ QJ X X`X:C1X%`CVHQII%JVRV -:CRV;QJ5:1J V 1$QCWJVV 71Q Q`R6

 C%1JVRV V1J %`V`1VRV71Q Q`R:HVXQJ:H 101 X6

 RV `:0:%6RV`V :%`: 1QJRVC:HQJ 1J%1 X]1H1HQCVQJ X X`X:C1XR:JCVH:R`VR% HQJ `: `V :%`: 1QJVJ `V 1VJ8

888 %V.:G1 : ]1H1HQCV

;25;$W`VCV7XV:%R;0:C%: 1QJRVC:G1 : ^7C_8V7C;1J X`VV:%6]:`:IW `VR% I1C1V%;C;XH.VCCVR% `QJMQJ8

V `QJMQJ^RV_%VC_%V@I;]C%1V%`R1<:1JVRV@I_V %JV%J1 X.QIQ$WJV%`CV]C:JRVC: IQ`].QCQ$1V  ^C:`$V%`5  ]`Q`QJRV%`5  01 VV5  9_5  :R:] XV  ]Q%`  C:  RVH`1] 1QJ  RV  ]:`:IW `V 7J .X 1_%V^]VJ V5HQI]Q1 1QJVJV]WHV5_%:C1 XR;V:%5X : R%C1 V RVGV`$V9_8!;V %JV %J1 XRVH`1] 10V8

;V6]V` 1VRVR1``X`VJ HQI]:` 1IVJ RVC;XHQ7 WIVRQJJV%JVX0:C%: 1QJRV]:`:IW `V H:`:H X`1 1_%VRVC;.7R`QCQ$1V5RVC:IQ`].QCQ$1VR%HQ%`R;V:%5V RVC:_%:C1 XRVC;V:%^R;:]`W CV`X%C : ]`Q0VJ:J R%=R:%_8!.:H%JRV]:`:IW `VV X0:C%X]:``X`X`VJHV:%IQRWCVH ]Q1QJ  I5  H;V  ;  R1`V  VJ  `QJH 1QJ  RV  ]V` %`G: 1QJ  _%;1C  V  %HV] 1GCV  RV  `:1`V  %G1`  :%6 ]Q]%C: 1QJRVV]WHVCV]C%H:`:H X`1 1_%VR% `QJMQJ8-:`I1CV`:H V%`C1I1 :J ]`1JH1]:%6 QJ  `V `Q%0V  C:  C1G`V  H1`H%C: 1QJ  RV  ]Q1QJ  ^G:``:$V5  X :J$5  `VH:C1G`:$V888_5  C:  R1]QJ1G1C1 X R.:G1 : :]]`Q]`1X^.:% V%`RV:%5%G `: 5XHQ%CVIVJ 888_5C:_%:C1 XRVV:%6^RQJJXVR%= :%_5  C::1J1VIVJ  ^CV  `V=V   RV   : 1QJ  RX]%`: 1QJ_5  CV  ]QCC% 1QJ  RQ`1$1JV  :$`1HQCV  Q% 1JR% `1VCCVQ%CVCQ11`8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ;Q`].QCQ$1V7C 5QIRVC:I:V JJV6V C7R`QCQ$1V 5QIR% `QJMQJ 1  >V`$V 1$JV RV:% C1  !QJ 1J%1 X 7C I1JV%` `1]17C0V RV:% I:=V%` 1$JQJR%VC:7 ?`1`Q%CQ% ;:VCCVHQIGV 0%J1W`V 05'7? !.:JQ% AA5?0-' 27!I= 0%J1W`V !25A5!  >QJJV V !'525R 0R !C:0: 0%J1W`V >72??? AA5? 0-'27! I= >`QV V !2;-0 ?? ^??_

?:GCV:%75Q V7XV:%R;0:C%: 1QJRVC:G1 : ]:` `QJMQJ

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L X$VJRVR% :GCV:%7

=%:C1 XIQ`].QCQ$1_%VQ% ?`WGQJJV >QJJV ;Q7VJJV ;XR1QH`V ;:%0:1V .7R`QCQ$1_%V

888 %V1JR1HV]Q1QJ !:` V7?JR1HVQ1QJ<101W`V

V!QJV1C%]X`1V%`RV-WH.V^25;_$X`:1 CV7XV:%C7R`QG1QCQ$1_%VV -1H1HQCV^7C-_=%_%;VJ  8

V7C-:0:1 ]Q%`QG=VH 1`]`1JH1]:%67

RRVR1]QV`R;%JX : :JJ%VCRV]V%]CVIVJ RV]Q1QJR:JCVHQ%`R;V:%6

RRV%10`VC;X0QC% 1QJRVHV]V%]CVIVJ V RV_%:J 1`1V`CV1I]:H RV].XJQIWJVJ: %`VC ^XH.V`VV5H`%V_V RV:H 101 X.%I:1JV6

RRV`Q%`J1`RV1J`Q`I: 1QJ%`HV` :1JVV]WHV]C%]:` 1H%C1W`VIVJ 1J X`V:J V%`%J]C:J XHQCQ$1_%VQ%.:C1V% 1_%V8

1JR1HV]Q1QJV %J1JR1HVG1QCQ$1_%VRVCX : RVI1C1V%6:_%: 1_%VG:X%`C:J:C7VRVC: HQI]Q1 1QJV RVC: `%H %`VRV]V%]CVIVJ ]1H1HQCV8VHQJHV] RVG:V`V]QV%`%JV HQI]:`:1QJVJ `V%J]V%]CVIVJ RV`X`X`VJHVRX`1J1;]:` 1`RVH:`:H X`1 1_%VRVI1C1V%RVC:  : 1QJV CV]V%]CVIVJ VJ]C:HVXH.:J 1CCQJJX]:`]YH.VXCVH `1_%V8

1JR1HVV X0:C%XVJ%1 V:% `:0V`RV `V1

!V `V1

?`Q1 ]Q1J  X :1VJ %101R:J  HVH:R`V7 %J]Q1J  %` CV`%1V:%RV   I%C1VJ;   I%C1VJRV ;QC.V:G: V5%J]Q1J %`CV1$JQJ;!.:%RV7`QCCVV %JRV`J1V`]Q1J %`CV1$JQJ;?VJHV8

0V%6]Q1J QJ X X%101VJ ]:`C25;7%J]Q1J %`CV1$JQJ; ;:%`1HVRV1$JQJV %J ]Q1J %`C:0%J1W`VVJ:0:CR%GQ%`$RV0%J1W`V8

V`XRX`: 1QJRV]YH.VRVC:C:% VQ1`VV RVC:Q1`V`X:C1VJ ]QJH %VCCVIVJ RV]YH.V XCVH `1_%VR:JCVH:R`VRV%101RX %RVQ%RV]YH.VRV:%0V :$VVJ:IQJ RVC:`X:C1: 1QJRV `:0:%6VJ`101W`V8VQGV`0: 1QJ`X:C1XV;HVQHH:1QJ5RQJJVX0VJ %VCCVIVJ C1V%:%H:CH%CRV C1JR1HV]Q1QJ8

-Q%`CV : 1QJQ&CV1JR1HVQJ X XH:CH%CX5QJJQ V%JVGQJJV_%:C1 X]1H1HQCV%`CV1$JQJR% VC:7;!.:%RV7`QCCV8V]Q1J VJ:0:C`QJ `VQ` 1`%JV_%:C1 X]1H1HQCVIXR1QH`V;I:%0:1V; ?VJHV5VJ:0:CR1`VH VRV:0:CV VV ; ;:%`1HVRV1$JQJ8V]Q1J %`CVQ%RG:1JRVC: 0%J1W`VIV VJ VJX01RVJHV%JVGQJJV_%:C1 X]1H1HQCV%`CV`%1V:%RV I%C1VJV %JV_%:C1 X IQ7VJJV%`C:0%J1W`VVJ:0:CR%GQ%`$RV0%J1W`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  %!8@C?@?CB B!8%8?  

888 %V`X`X`VJHVIVJ RVQ%0`:$V

V7X`X`VJ 1VCRV2G :HCV;C;HQ%CVIVJ ^72_V %JV7J .WVRVCVJVIGCVRVRQJJXV V61 :J V%`CVQ%0`:$V;CXH.VCCVRVC:A`:JHVIX `Q]QC1 :1JV`X:C1XV]:`C25;^0Q1`H:` V  _80V1J0VJ :1`VQJ X X`X:C1XCQ`RVCX %RVG1C:JR%!QJ `: 7V :%`: 1QJJ `V 1VJR%C:%  1$JQJV CQ`RVCXC:GQ`: 1QJR%!QJ `: 7V :%`: 1QJJ `V 1VJRVC:0%J1W`V]:`RVG%`V:%6 RX %RV8!VR1``X`VJ 1J0VJ :1`VJVQJ ;HV=Q%`]:V6.:% 1`8V1J`Q`I: 1QJ`XHQC XVQJ  .X X`Q$WJVV ]V`IV VJ RV`X:C1V`%JV:J:C7VC1I1 XV8

0:JCVH:R`VRVC:I1VVJ\%0`VRVHQJ `: RV`V :%`: 1QJ0%J1W`VV 1$JQJ5:%H%J%101RV `:0:%6:%V1JR%JVG:VRVRQJJXVV6]CQ1 :GCVJ:X X`X:C1X8'CV61 VRQJHRVJQIG`V%V HQJJ:1:JHV%`CVQ%0`:$VI:1]V%QJ V6]CQ1 :GCVVJCX : 8

VJQIG`VRQ%0`:$V`VHVJX;HV=Q%`V RV RQJ  1J``:JH.1:GCV5``:JH.1:GCVV   RQJ C:``:JH.1:G1C1 XJV ]:`VJV1$JXV8VHQ%`RV:%R%1$JQJR%VC:7V ]:` 1H%C1W`VIVJ  HQJHV`JX]:`C:]`XVJHVRVHVQ%0`:$V8JV``V 5RVQ%0`:$V1I]Q` :J HQIIV-QJ RV1$JQJ V VI]YH.VJ  Q% VI1$`: 1QJ]1H1HQCVVJ `VC:Q1`VV CV1$JQJ80V]C%5CVG:``:$VRV :0:CV VV :!.:]VCV VQJ 1J``:JH.1:GCVV R1``1H1CVIVJ :IXJ:$V:GCV8

-C%1V%` RV:``C%VJ R%1$JQJHQI] VJ :%1RVJQIG`V%6Q%0`:$V7C:1$JV5CV;V`CV5CV ;QJ: 1V`5C:X`1$Q%CV5CV;:`QV VV CV;Q%V8

%`CVQ%RG:1JRVC:0%J1W`V5CVHQ%`RV:%]`1JH1]:CV `Q` VIVJ  Q%H.X:1J1_%VCVHQ%` RV:%R%:1J I%C1VJ5CVQ%`I1V`V CV!.:JQ%8

JVX %RV:X X`X:C1XVR:JCVH:R`VR%J :$V%`CVHQ%`RV:%RVC%

:$V  @QIG`VRQ%0`:$V 'JR% `1V  H 101 X:_%:HQCV  $`1H%C %`V^1``1$: 1QJ5:G`V%0:$V_  C1IVJ : 1QJVJV:%]Q :GCV  Q11`V ]Q` :_%: 1_%V JV`$1V5.7R`QXCVH `1H1 X  %H%J  'JHQJJ%5JQJ]`XH1X  ?2? 

?:GCV:%7:$VRVQ%0`:$V`VHVJX

QRVQ%0`:$V`VHVJX;HV=Q%`JQJ]C%R%:$V8J`1J5]Q%`C:IQ1 1XRVQ%0`:$VHQJJ%5 C%:$V:H %VCJV ]:`VJV1$JX8

 Q%`HV7725X %RV!71$JQJ50%J1W`V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888 %VQ%0`:$V`VJVCCV

:]`XV`0: 1QJV C:`V :%`: 1QJRVC:HQJ 1J%1 XXHQCQ$1_%V HQJ 1 %VJ C;%JRVQG=VH 1`R% `VJVCCVRVC;VJ01`QJJVIVJ V %`CVG:1JQ1`VR>`V :$JV5C;%JRV]`1JH1]:%6CV01V`R;:H 1QJ]Q%` : V1JR`VCVGQJX : RVV:%6VJ 8

VQG=VH 1``16X:%J10V:%J: 1QJ:C^VJ$:$VIVJ R%`VJVCCVRVC;VJ01`QJJVIVJ _R:JCV H:R`VRVC:`X`CV61QJ%`C: `:IVGCV%V5QJ CV `:1 VIVJ RVQ%0`:$VR;1H1 5Q1  Q%0`:$VR;1H1`1J5 Q%QG=VH 1`HQJ`QJR%81J1`:]]Q` X:%G:1JQ1`VR>`V :$JV51C;:$1  R;:GQ% 1`;Q%0`:$V `:1 XQ%VJHQ%`RV `:1 VIVJ 8

JVC1 VRV Q%0`:$V:X X0:C1RXVCQ`R%HQI1 XRV>:1JQ1`V>`V :$JVR% QH QG`V8 !V VC1 VV`::H %:C1:GCV Q%CV:J]:`]::$VVJHQII11QJRVG:1J8J%0V`$JV5 Q%0`:$VQJ X XHC:X8

%`CVG:1J0V`:J R%1$JQJR%VC:75 Q%0`:$VQJ X XC1 X7

 >:``:$VRVC%1JV.7R`QXCVH `1_%VRV;:

 >:``:$VRV-Q%:`V:%%`CV1$JQJR%VC:76

 01$%VRV!.: Q%6%`CV1$JQJR%VC:76

 VCQ V%`CV`%1V:%RV;:

 V0XVIQ%GV` ^G:``:$V_%`CV1$JQJR%VC:76

 ;Q%C1J7:JH.V %`CV1$JQJR%VC:78

VQ%0`:$VRV-Q%:`V:%5C:R1$%VRV!.: Q%6V C:V0XVIQ%GV` QJ RQ`VV RX=;X XX_%1]XRV 7 WIV]V`IV :J RV`V]VH V`C:HQJ 1J%1 X]1H1HQCVR:JCVH:R`V RV `:0:%6R%HQJ `:  `V :%`: 1QJVJ `V 1VJ R 8

0V `:0:%6%`CVQ%0`:$VRVCQ V5CVG:``:$VRVC%1JV.7R`QXCVH `1_%VRV;:

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  %@ : 

888 :X`1J1 1QJ

:RX`1J1 1QJR%]C:JR;V:%V C:%10:J V7HV]C:JR;V:%RX1$JVJ %JVX VJR%VR;V:%RQ%HV HQJ 1JVJ :CVRV%``:HV5C1G`V :$J:J V5R;Q`1$1JVJ: %`VCCVQ%:J .`Q]1_%V5RV]`Q`QJRV%`0:`1:GCV8 'C]V%0VJ ]QXRV`RVH:`:H X`1 1_%VRV `: 1`1H: 1QJ .V`I1_%VI8

V  V`IV  ]C:J  R;V:%  `VHQ%0`V  %J  HV` :1J  JQIG`V  RV  1 %: 1QJ  HQII%JXIVJ  :]]VCXV  C:H5 `V VJ%V5  X :J$5  $`:01W`V5  H:``1W`V  Q%  I:`:18  V  RX`1J1 1QJ  `: :H.XV  ;  HV  R1``X`VJ V 1 %: 1QJQJ JQIG`V%VV `QJ Q%0VJ `X`X`VJHV;RV%:$V7

R JC:H V %J]C:JRV:%1 %XR:J%JVRX]`V1QJJ: %`VCCVQ&C:R%`XVRVX=Q%`RVV:%6V C: ]`Q`QJRV%`  QJ  %``1:J V  ]Q%`  RX`1J1`  %JV 

R JV`V VJ%V V %J]C:JRV:%:` 1`1H1VC;0QH: 1QJ]XH1`1_%V7.7R`QXCVH `1H1 X5Q% 1VJRVX 1:$V5 1``1$: 1QJ5:C1IVJ : 1QJVJV:%]Q :GCV8XJX`:CVIVJ HV]C:JRV:%QJ H:`:H X`1X]:`%JV ]`Q`QJRV%`1``X$%C1W`V5%JJ10V:%0:`1:GCV^I:`J:$V_V %JVI:VRV:%.QIQ$WJV  8JV:% `V RX`1J1 1QJ7I:VRV:%H`XXV:` 1`1H1VCCVIVJ ]:`%JG:``:$V^R1$%V_1 %XVQ%JQJ%`%JHQ%` RV:%8  -V%  :0Q1`  CV  H:`:H X`1 1_%V  RV   `: 1`1H: 1QJ  .V`I1_%V  V  RV  RX0VCQ]]VIVJ  RV  C: 0X$X : 1QJ:]]:`VJ :J ;HVCCVR%JC:HQ%R%JX :J$^H1`H%C:1`VJ R  _6

R JX :J$ V %J]C:JRV:%RQ`1$1JVJ: %`VCCVQ%:` 1`1H1VCCV5RV`:1GCV]`Q`QJRV%`:J `: 1`1H: 1QJ .V`I1_%V :GCV8'CV :C1IVJ XVVJ 1VCCVIVJ ]:`QJG:1J]C%01:C80XH`1 X$:CVIVJ HQIIV I:VRV:%HQJ 1JVJ :CVRQJ C:HH%I%C: 1QJV ]:``Q1J: %`VCCVI:1]C%Q%0VJ :` 1`1H1VCCV8 0:JC:]C%]:` RVH::0QH: 1QJ]`VI1W`VV Q%:X X]1H1HQCV8:`:1GCV]`Q`QJRV%`JV]V`IV  ]:RV `: 1`1H: 1QJ .V`I1_%VV `VJR]Q1GCV%JRX0VCQ]]VIVJ RVC:0X$X : 1QJ`16XV%` Q% V QJX VJR%V^H1`H%C:1`VJ R  _6

R  JV$`:01W`V V %J]C:JRV:%RQ`1$1JV:` 1`1H1VCCVH`XX]:`V6 `:H 1QJRV$`:J%C: V :C1IVJ X VVJ 1VCCVIVJ ]:`C:J:]]V].`X: 1_%V8$:CVIVJ RX`1J1HQIIVI:VRV:%H`XXV]:`CV6 `:H 1QJ RV$`:J%C: R:JC:]C:1JV:CC%01:CVR%JHQ%`RV:%V :C1IVJ XV]`1JH1]:CVIVJ ]:`C:J:]]V :CC%01:CV^H1`H%C:1`VJ R  _6

R JVH:``1W`V V %JVV6]CQ1 : 1QJR;V6 `:H 1QJ;H1VCQ%0V`   6

R  JI:`:1  V %JVJVIGCVRVI1C1V%6.%I1RVQ&C:J:]]VRV:% :$J:J V%]V``1H1VCCVV  $XJX`:CVIVJ ]V%]`Q`QJRV  8%VJRVC:HQR1`1H: 1QJ.7R`Q$`:].1_%V5RX1$JV%J V``1 Q1`V:J `VC1V`1$J1`1H: 1`1``1$%XQ%R`:1JX]:`%J`XV:%RVJVRVH:J:%6V LQ%RVG`:V ]Q%0:J HQI]Q` V` RV]C:JRV:%^H1`H%C:1`VJ R  _8

:I1VVJ\%0`VRVC:01`VH 10V!:R`V%`C:%1I]QVHV]VJR:J %JV 7]QCQ$1VRVI1C1V%6G:XV %`RVH`1 W`VJ: %`VC8'CHQJ01VJ RQJHRVJV]:`:1`V`X`X`VJHV:%6%:$VR:JCVRX`1J1 1QJ RV 7]VRV]C:JRV:%IYIV1 7]VV %:$VQJ ]:``Q1C1X8: 7]QCQ$1VXC:GQ`XV]Q%`CV I:VRV:%RVH: X$Q`1V]C:JRV:%`:1 RQJHRXQ`I:1`X`X`VJHV8

 Q%`HV77XV:%RVG:1J7.TJV;XR1 V``:JXV!Q`V  Q%`HV7V-V 1 7QGV` 5   Q%`HV7'A558

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L : 7]QCQ$1VRV]C:JR;V:%`V VJ%V;C;XH.VCCVJ: 1QJ:CV^H1`H%C:1`V0! R _V `QJRXV ]`1JH1]:CVIVJ %`  7

[C;Q`1$1JVJ: %`VCCVQ%JQJRV]C:JR;V:%5

[C;:]]:` VJ:JHV;%JV.7R`QXHQ`X$1QJRV`:J$5

[C:`Q`IVRVC:H%0V V5

[CV`QJH 1QJJVIVJ .7R`:%C1_%V

J]C:JR;V:%R;Q`1$1JVJ: %`VCCVV ]:`RX`1J1 1QJJQJ$XJX`X]:`%J_%VCHQJ_%VQ%0`:$V8'C]V%  HV]VJR:J Y `V`Q` VIVJ IQR1`1X8J]C:JR;V:%R;Q`1$1JV:J .`Q]1_%VV _%:J ;C%1$XJX`X^Q% `Q` VIVJ `V.:%X_]:`%JQ%0`:$VQ%H`V%X8: 7]QCQ$1VJ: 1QJ:CVR1 1J$%V]:`I1CV]C:JR;V:% R;Q`1$1JV:J .`Q]1_%VCV]C:JR;V:%C1X;%JV.:% V%`1I]Q` :J VRVG:``:$V^]C:JR;V:%RV G:``:$V_V CV]C:JR;V:%C1X;%JH`V%VIVJ Q%;%J:IXJ:$VIVJ ]:`%JVR1$%V^]C:JR;V:%RV H%0V V_8

V.7R`QXHQ`X$1QJQJ X XRX`1J1V;C;XH.VCCVJ: 1QJ:CVJH`1 W`V]`1IQ`R1:C^JQ :IIVJ ]Q%`CV ]C:JR;V:%J: %`VC_]`1VJHQI] VV CVH:`:H W`VH`1 :CC1JQ%H:CH:1`VR%%G `: %I8

:`Q`IVRVC:H%0V V]V`IV R;1J X$`V`C:JQ 1QJRV `: 1`1H: 1QJ .V`I1_%VV C;V61 VJHV^Q% C;1I]Q` :JHV_R;%JV

[AQ`IV5VCCVHQ``V]QJR:%6]C:JR;V:%]V%]`Q`QJR:0VH%JV

[AQ`IV-5VCCVHQ``V]QJR:%6C:H]`Q`QJR5:0VH%JV `: 1`1H: 1QJ :GCVV %JV

[AQ`IV-5VCCVHQ``V]QJR:%6C:H:7:J ;C:`Q1%JV

V`QJH 1QJJVIVJ .7R`:%C1_%VV`X`W`V:%6]Q1G1C1 XRV01R:J$VRVC:H%0V VV ;C:``X_%VJHV RVHVRV`J1W`V^`X$1IVRV01R:J$V9_8VH`1 W`V.7R`:%C1_%VV % 1C1X%J1_%VIVJ ]Q%`HV` :1J 7]VRV]C:JR;V:%R;Q`1$1JV:J .`Q]1_%V8

 Q%`HV7C:GQ`: 1QJR%J`XV:%RV%`0V1CC:JHVRVI:VRV:%]C:JRV:%HQJ`Q`IV:%6]`VH`1] 1QJRVC:0!5 >5QH QG`V 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888 %V]C:JRV:%%`CV V``1 Q1`V

:00?RVC:% VQ1`V`VHVJVCV]C:JRV:%RXHC:`X^%``:HVHQI]`1VVJ `VIV .:_V  :% Q`1X^%``:HV%]X`1V%`V;.:_8!V V1J`Q`I: 1QJJV ]:R1]QJ1GCV%`C:]:` 1VQ1`VV  `RWH.VR%G:1J0V`:J 8

2JHQI] V%`C:]:` 1V:C 1C1$X`1VJJV5 ]C:JRV:%]QWRVJ %JVV61 VJHVCX$:CV8!V 1J0VJ :1`V RQ1  Y `V  HQI]CX X  ]`QH.:1JVIVJ  ]:`  %JV  CQH:C1: 1QJ  RV  ]C:J  RV:%  ]:`  :J:C7V  RV ].Q Q:X`1VJJV]:`C:00?8

8 8  S! ?@:B?<;% 

!:` V7]WHVVJ0:.1:J V

!.:_%V:JJXVRVJQ%0VCCVV]WHVQJ 1J `QR%1 VVJA`:JHVRVI:J1W`V:HH1RVJ VCCV^IQ7VJRV `:J]Q` Q%:J1I:%6XH.:]]XVR;XCV0:$V_Q%0QCQJ :1`V^.Q` 1H%C %`V5:_%:`1Q].1C1V5]1H1H%C %`V5 9_8JC;:GVJHVRV]`XR: V%`]XH1`1_%VV Q%`XV`0VR;%JHC1I: `:0Q`:GCV5HV` :1JV `Q%0VJ  RVHQJR1 1QJ]`Q]1HV;CV%`RX0VCQ]]VIVJ V CV:6VRVI1$`: 1QJ_%VHQJ 1 %VJ CVHQ``1RQ` `10%C:1`V  `:H1C1 VJ  CV%`  ]`Q]:$: 1QJ8  :  RX$`:R: 1QJ  RV  I1C1V%6  J: %`VC  ^RV `%H 1QJ  RV  C: 0X$X : 1QJCQH:CV5]QCC% 1QJ5`VI:J1VIVJ RVQC59_JV`:1 _%;:$$`:0V`HV VHQCQJ1: 1QJ8

!V` :1JVV]WHVV6Q 1_%VQJ C:H:]:H1 XRVHQCQJ1V``:]1RVIVJ  Q% 7]VRVI1C1V%6V VJ `VJ  :1J1VJHQI]X 1 1QJ:0VHC:`CQ`VV C:`:%JVCQH:CV]Q%`C;:HHW:%6`VQ%`HV01 :CVHQIIVC: JQ%``1 %`V5C;Q67$WJVQ%VJHQ`VC:C%I1W`V8CCVVRX0VCQ]]VJ :CQ`:%RX `1IVJ RVV]WHV CQH:CV  VJ  RV0VJ:J  VJ0:.1:J V8  0;:% `V  1I]:H   1JR1`VH   ]WVJ  %`  C:  :J X  ^:CCV`$1V_5 C;:$`1H%C %`V^1JVH V`:0:$V%`RVH%C %`V_5CV%:$V^]YH.V5H.:V_V CV]:7:$V^X`Q1QJV  G:J:C1: 1QJRVHQ``1RQ`_8

0VIYIV_%V]Q%`CVQ%0`:$V5CVRQJJXVR1]QJ1GCV%`CVV]WHVVJ0:.1:J VQJ X]:`V V JQJI1V;=Q%`8

0V%6V]WHVVJ0:.1:J VQJ 1J0VJ Q`1XV%`CVG:1J0V`:J R%1$JQJR%VC:77

 CVXH`V01VV6Q 1_%V6

 CV7VJQ%XV8

 VH`V01VV6Q 1_%V 

0V%6V]WHVR;H`V01VV6Q 1_%VQJ ]`XVJ V%`CVG:1J0V`:J 7

 CXH`V01V1$J:CQ% :H1`: :H% CVJ% H%C% 5 R1 V:%1XH`V01VH:C1`Q`J1VJJV

 CXH`V01V:IX`1H:1JVQ% `QJVH V C1IQ % 8

;XH`V01VH1$J:CIQ%RV!:C1`Q`J1V V 5HQIIVQJJQIC;1JR1_%V5Q`1$1J:1`VRVC:HT VQ%V RV  : J15VCCV:X X1J `QR%1 VVJA`:JHVVJ 8CCV01 %`CVIYIV.:G1 : _%VCVV]WHV :% QH. QJV7H`V01V;]1VRGC:JH^ !% `Q]Q :IQG1% ]:CC1]V _V H`V01V;]: V`Q%$V ^ :H% : :H% _8-C%`XHQJRV5I: %`1 XV6%VCCV;:J5]C%:$`V10V5VCCVXC1I1JVJ CVV]WHV :% QH. QJVRVG1Q Q]VR:JCV_%VCVCCV]XJW `VJ 81:%H%JVIV%`VJ;V ]`1V5C:R1]:`1 1QJ RVXH`V01V1JR1$WJVV ]`QG:GCV;]C%Q%IQ1JCQJ$ V`IV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L CCVV ]Q` V%V:1JVRVC:]V VRVC;XH`V01V5C;:].:JQI7HQV_%1:RXH1IXCV]Q]%C: 1QJ; `:0V` Q% VC;%`Q]V8!V V]: .QCQ$1VV`:1 :]]:`%VVJA`:JHV0V` 5VCCVHQJ 1J%VRVX01` :%=Q%`R;.%18

0:JCVH:R`VRVC:RXI:`H.V5: %`:%`CV1 VC:% V0:CCXVR%1$JQJ5RV1J0VJ :1`VQJ X X `X:C1XVJ]:`C:AXRX`: 1QJRV]YH.VRVC:C:% VQ1`V8

V]WHVH`V01V1$J:C:X X`VHVJXV%`CV1$JQJ;]:` 1`RVC:]1H1H%C %`VRVA:7%`1$JQJ =%_%; C:  `V VJ%V RV:0:CV V  81$J:CXV RV]%1 5 VCCV :%`:1 X X 1J `QR%1 V ]:` CXCV0:$V ]1H1HQCV8V]C:JRV:%RVA:7%`1$JQJVJ:0:C]`QH.VRVC:]1H1H%C %`V:0`:1VIGC:GCVIVJ  `:0Q`1XCVJVIVJHVIVJ V C:]`Q]:$: 1QJ:0:CRVCV]WHV%`CV1$JQJ8V]WHVJV ]Q%` C1J :J ]:`VHVJXVVJ:IQJ RVC:]`1VRV:%RVC:]1H1H%C %`V80V`Q7V`QJ :%1X XQGV`0X %`]C%1V%`:``C%VJ R%1$JQJ7CVIQ%65CV?`1`Q%CQ%5CV;:

;XH`V01V:IX`1H:1JV V %JVJ0:.1V%`_%1:HQJ_%1CVHQJ 1JVJ V%`Q]XVJ$`=HV;C.QIIV8J 0Q%C:J VJ`:1`VCXCV0:$V51C:`:0Q`1XQJRX0VCQ]]VIVJ V6HV1`8%]Q1J RVC%1]V`IV `VRV ]`VJR`VC:]C:HVRV:% `VV]WHVRXH`V01VRX=;%`]C:HV8JA`:JHV5VCCV:X X1J `QR%1 VVJ  80V]%15VCCV:$:$JX%JV$`:JRV]:` 1VR% V``1 Q1`V8

;H`V01V:IX`1H:1JVV ]`XVJ VR:JC:`V VJ%VRV:0:CV V  8

CCV:1IVCVV:%6H:CIVV ]`Q`QJRV8CCV:HHQIIQRVRV:%6RV_%:C1 XIXR1QH`V0Q1`V]QCC%XV8 CCV]V% X$:CVIVJ `X1 V`]C%1V%`.V%`V;C:GVJHVRQ67$WJV8!V]:` 1H%C:`1 XQJ `:0Q`1X QJC:`$VRX0VCQ]]VIVJ 85X:JIQ1J5VCCV]`QC1`W`V0QCQJ 1V`R:JRVV:%6RVGQJJV_%:C1 X8

 V7VJQ%XV 

-`Q0VJ:J R;6 `YIVR2`1VJ V 1J `QR%1 VHQIIV]C:J VQ`JVIVJ :CVV `Q%``:$W`V5HVV]WHV 010:HVVRX0VCQ]]VJ `:H1CVIVJ V  `Q%0VJ CV%`.:G1 : RV]`XR1CVH 1QJR:JCV

CCV:``VH 1QJJVJ X$:CVIVJ CVI1C1V%6]V` %`GXV `VI:J1X VCCV:GQ`RRV`Q% V5RV0Q1V `V``XVV RV01CCV8

V7VJQ%XV:1: 1_%VHQI] VJ V]WHV7C:7VJQ%XVR%I:]QJ^A:CCQ]1:=:]QJ1H:_5C:7VJQ%XV RV:@.:C1JV^A:CCQ]1::H.:C1JVJ1_V CV%`.7G`1RVC:7VJQ%XVRV>Q.YIV^A:CCQ]1:6GQ.VI1H:_8 CCVVR1 1J$%VJ $`=HV;CV%`]V 1 V`CV%`GC:JH.VVJ$`:]]V^V] VIG`V;QH QG`V_5CV%` $`:JRV`V%1CCVX]:1V^=%_%;;HI_5CV%` 1$V0V` VH::J V`:]]VC:J CVG:IGQ%^;I RV.:% V%`_V CV%``.1

5V  ]`QR%1:J  _%V  `:`VIVJ  RV  $`:1JV  01:GCV  Q%  CV  HC1I:  V%`Q]XVJ5  CV  7VJQ%XV  V `V]`QR%1VJ  VVJ 1VCCVIVJ  ]:`  I%C 1]C1H: 1QJ  0X$X : 10V  $`=HV  ;  C:  ``:$IVJ : 1QJ  RV  CV%` `.1

 Q%`HV725;5A0--;5--;?VJHV  Q%`HV725;

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L CCV]`QC1`W`VJ V `V]`XVJ VJ %JV`XVCCVJ%1:JHVVVJ 1VCCVIVJ R:JCVI1C1V%6]V` %`GX]:` CV:H 101 X.%I:1JV8V%`V6]:J1QJ]V% IVJ:HV`RVV]WHV;0:CV%`]: `1IQJ1:CVC1XV:%6 HQ%`R;V:%V ]V` %`GV`C:`X$XJX`: 1QJJ: %`VCCVRV`Q`Y :CC%01:CV^`Q`Y R;:%CJV5RV:%CV5RV ``YJV59_80V ]C%5 VCCV `:0Q`1VJ  C;X`Q1QJRV GV`$V V  ]V%0VJ ]`Q0Q_%V` C:  `Q`I: 1QJRV G:``:$VV R;VIG=HCV_%:JR5VJ:% QIJV5CV 1$VWH.VQJ VI]Q` XV]:`CVHQ%`:J 8CCV ]V%0VJ RX$`:RV`]QJ V G:``:$VV ]QVJ X$:CVIVJ ]`QGCWIVR:JCVH.:I]1``1$%XVJ QG `%:J CVH:J:%680:JCV%`]V%]CVIVJ RVJV5CV]::$VRV%:$V`HQIIVCV]YH.V%` V `Q` VIVJ $YJX8

%`CVG:1J0V`:J R%1$JQJR%VC:751CV61 V 1 V:0VH%JV]`XVJHV:0X`XVR%J`Q7V`RV 7VJQ%XV7RV%61 V%`CV1$JQJ:%!.:IGQJ%`1$JQJV ;?VJHV5RV%61 V%`CV`%1V:%6RV ;::V ;?VJHV8%`CVG:1J0V`:J RVC:0%J1W`V5 `Q7V`]`XVJ QJ X X1J0VJ Q`1X%`RV1J``: `%H %`V`Q% 1W`V^ :C%5`QX5

:IQJ R%G:1J0V`:J V CV:``C%VJ `10V$:%H.VR%1$JQJVIGCVJ IQ1J:``VH X5JX:JIQ1J5 CVI:J_%VRV`VCV0X`XHVJ C1I1 VC1J V`]`X : 1QJRVC:R1]V`1QJRVHVV]WHV%`CV V``1 Q1`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 8  ! @C<% <.< ;% 

8 88 @?22 !:` V7]:HVJ: %`VC`VI:`_%:GCV

8 888 V H`1] 1QJ

VQJV5: %`VCCVR'J X`Y HQCQ$1_%VA:%J1 1_%VV ACQ`1 1_%V^5'AA_QJ X X1J1 1XV]:`CV I1J1 W`VRVCJ01`QJJVIVJ VJ 8CCVQJ ]Q%`G% RVCQH:C1V`V RXH`1`VRV V``1 Q1`V R;1J X`Y `X$1QJ:C:G`1 :J RVV]WHV0X$X :CVV :J1I:CVRV0:CV%`]: `1IQJ1:CV8VQJ RV Q% 1C  RV  HQJJ:1:JHV  R%  V``1 Q1`V  ``:JM:1  I:1  _%1  JV  HQI]Q` VJ  :%H%JV  ]`Q VH 1QJ `X$CVIVJ :1`V8

;QG=VH 1`]`1JH1]:CRVHV 1J0VJ :1`V`X1RVR:JC:1RV;C:RXH11QJVJI: 1W`VR:IXJ:$VIVJ R% V``1 Q1`V01;01R%]`1JH1]VRVC:]`XV`0: 1QJR%]: `1IQ1JVJ: %`VC8

'CV61 VRV%6 7]VRV5'AA7

R5'AARV 7]V7!VQJ RV1 V5RV%]V``1H1VVJ$XJX`:CC1I1 XV51RVJ 1`1XV RXC1I1 X]:`HV _%1CHQJ 1VJJVJ RVV]WHVQ%:%IQ1J%J 7]VR.:G1 : RV$`:JRV0:CV%`XHQCQ$1_%V5CQH:CV5 `X$1QJ:CV5J: 1QJ:CVQ%V%`Q]XVJJV8

R5'AARV 7]V7CCVHQJHV`JVJ CV$`:JRVJVIGCVJ: %`VC5`1H.VV ]V%IQR1`1X:0VHRV ]Q VJ 1:C1 XG1QCQ$1_%V1I]Q` :J V_%1]V%0VJ 1JHC%`V]C%1V%`

8 888 .;#BB]`X VJ V  %`CV V``1 Q1`V

'CV61 V5'AARV 7]V'%`CV V``1 Q1`V]Q%`%JV %``:HV Q :CVRV  .VH :`V8-C%1V%` 5'AARV 7]V'QJ R1`VH VIVJ VJC1VJ:0VHCVI1C1V%6:_%: 1_%V82J `Q%0V]C%1V%` Q%`G1W`V RQJ CVJ:`HVRV!.:%RV7`QCCV:1J1_%%JV]:` 1VRVC:0:CCXVR%1$JQJ8

0V%65'AARV 7]V''QJ ]`XVJ VVJ]:` 1V%`CVG:1J0V`:J 7CVI:1`R%;X

8 88 ?!8

8 888 V H`1] 1QJ

:R1`VH 10V L L!R%:0`1C R1 VR1`VH 10V21V:%601V;:%`V`%JV]`Q VH 1QJRV Q% VCVV]WHVR21V:%6010:J J: %`VCCVIVJ ;CX : :%0:$V%`CV V``1 Q1`V%`Q]XVJ8

!.:_%V]:7RVCJ1QJ%`Q]XVJJV:H.:`$VR1J0VJ Q`1V`%`QJ V``1 Q1`VCVQJV'I]Q` :J V ]Q%`C:!QJV`0: 1QJRV21V:%6^'!2_V R7:%`V`C:%`0V1CC:JHVV CV%101RVV]WHV8

JA`:JHV5C1J0VJ :1`VRV'!2:X XHQJR%1 VJ L ]:`C:1$%V]Q%`C:-`Q VH 1QJRV 21V:%6V CVV`01HVR%-: `1IQ1JV5: %`VCR%;%X%I5: 1QJ:CRC1 Q1`V5: %`VCCV]Q%`CVHQI] V R%I1J1 W`VRVCJ01`QJJVIVJ 8

:JJV6V'RVC:R1`VH 10V21V:%6XJ%IW`VCVV]WHVCV]C%IVJ:HXVRVC:!QII%J:% X6VCCV RQ10VJ  RQJH  `:1`V  CQG=V  RV  IV%`V  RV  HQJV`0: 1QJ  ]XH1:CV  HQJHV`J:J  CV%`  .:G1 :  :`1J R:%`V`CV%`%`01VV CV%``V]`QR%H 1QJ8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ;1J0VJ :1`V'!2V C:]`VI1W`VX :]VR%]`QHV%]Q%0:J HQJR%1`V;C:RX1$J: 1QJRVQJVRV -`Q VH 1QJ]XH1:CV^-_5CV_%VCCV]V%0VJ Y `V]`Q]QXV]Q%`1J X$`V`CV`XV:%V%`Q]XVJ 5: %`:8

V : ]V%0VJ `:1`VC;QG=V RV:JH 1QJ]Q%`1J%``1:JHVRV]`Q VH 1QJRV'!2^:``Y RVC: !Q%`RVI% 1HV%`Q]XVJJV_8VV`01HVRVC; : R:JCV%`VJVIGCV5RQ10VJ 0V1CCV`:%`V]VH RV C:HQJV`0: 1QJRV'!28

:I:=Q`1 XRV`X$CVIVJ : 1QJR;%`G:J1IVV R;:IXJ:$VIVJ 5HQJHV`J:J C:]`1VVJHQI] VR% ]: `1IQ1JVJ: %`VCJ: 1QJ:C5;:]]C1_%VJ :%6

8 888 ; ]`X VJ V  %`CV V``1 Q1`V

JVV%CV'!21J V`VH VCVG:1J0V`:J R%1$JQJ;C:0:CRVHVC%1RH1%`%JV%``:HVRV .:8 'C:$1 RVC:'!2RV$Q`$VRVC:Q1`V8

8 88 ]:HV@: %`VCVJ1GCV

V0X]:` VIVJ QJ HQI]X VJHVVJI: 1W`VRVI1C1V%6J: %`VC81J15CV!QJV1CXJX`:%6 ]V%0VJ XC:GQ`V`V IV `VVJ\%0`V%JV]QC1 1_%VRV]`Q VH 1QJ5RV$V 1QJV R;Q%0V` %`V:% ]%GC1HRV]:HV5: %`VCVJ1GCV5:`1JRV]`XV`0V`C:_%:C1 XRV1 V5RV]:7:$VV RV I1C1V%6J: %`VC^:` 1HCV8R%HQRVRVC;%`G:J1IV_8

1J1 1: 10VRVC;1J :%`: 1QJR;V]:HVJ: %`VCVJ1GCV:]]:` 1VJ :%!QJV1CXJX`:C8HV V`1J51C 0Q VC1J 1 % 1QJR%JV :6V]XH1`1_%V7C: :6VRX]:` VIVJ :CVRVV]:HVJ: %`VCVJ1GCV5_%1 ]V`IV R;:H_%X`1`CV V``:1JV IV `VVJ\%0`VCVIV%`V:]]`Q]`1XVRV]`Q VH 1QJ8

V!QJV1CXJX`:CRVC:C:% VQ1`V:RX`1J1VRVV]:HVJ: %`VCVJ1GCVR:JQJH.XI: RX]:` VIVJ :C _%1 R: V RV  8 !VC%1RH1V VJ HQ%`  RV  `V`QJ V  V  RV  IQR1`1H: 1QJ  V`QJ  `X:C1XV]`QH.:1JVIVJ 8

=%: `VV]:HVJ: %`VC`VI:`_%:GCVQJ ]`XVJ %`CVG:1J0V`:J 7

 :`Q`Y R%;V7$:C5

 VIQ%C1JRV>:7CV%`C:HQII%JVR%!.:IGQJ%`1$JQJ5

 V;:1`R%1<1V%65

 QIIV V  Q%`G1W`VR%;X

0V:H 1QJRV$V 1QJX X`X:C1XVR:JCVVH V%`R%;X

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 88 :`H@: %`VC

0V%6-:`HJ: %`VC`X$1QJ:%6QJ ]`XVJ %`CVG:1J0V`:J 7CV-57R%-1C: %`C:HQII%JVRV :1J 7X$1R%!Q1JV CV-57RV;QJ R`RWH.V%`C:HQII%JVRV:1J !CXIVJ 8V-57RV ;QJ R`RWH.VJV`V]`XVJ V_%%JV1J`1IV%``:HV%`CV51CJVV`:RQJH]:RX :1CCX8

:RXH11QJRVHC:VIVJ R;%J V``1 Q1`VVJ-:`H5: %`VC7X$1QJ:CV `QJRXV%`C;VJVIGCVRV H`1 W`V%10:J 7

RV61 VJHVR;%J]: `1IQ1JVJ: %`VC5H%C %`VCV ]:7:$V`5`V]`XVJ :J %JVVJ 1 X`VI:`_%:GCV]Q%` C:Q%CV`X$1QJHQJHV`JXVV ]`XVJ :J %J1J X`Y `VHQJJ%:%J10V:%J: 1QJ:C6

RRXC1I1 : 1QJHQ.X`VJ VRVHV V``1 Q1`V:%`V$:`RRVQJ]: `1IQ1JVV RV:`QJH 1QJJ:C1 X5VJ VJ:J HQI] VRVXCXIVJ ]Q%0:J VJRX]`XH1V`C:_%:C1 XQ%C:0:CV%`6

R]V` 1JVJHVR%]`Q=V ]:``:]]Q` :%6VJ=V%6R% V``1 Q1`VV RVVJ$:$VIVJ RV]:` VJ:1`V]Q%` CVIVJV`;G1VJ6

RH:]:H1 XRVC;Q`$:J1IV^H.:`$XRVC;:IXJ:$VIVJ V RVC:$V 1QJR%-:`H5: %`VC7X$1QJ:C_; HQJR%1`VCV]`Q=V RV`:MQJHQ.X`VJ V:%`V$:`RRVV : % V RVVIQ7VJ6

RV VJH:RV`X011QJ5C;X0:C%: 1QJRVC:I1VVJ\%0`VRVC:!.:` V]`XHXRVJ V8

V-:`H5: %`VC7X$1QJ:CR%-1C: 1J V`VH VCVG:1J0V`:J R%1$JQJ%`C:HQII%JVRV:1J  7X$1R%!Q1J8'C:X XC:GVCC1XVJ 8!V %JI:1`RVIQ7VJJVIQJ :$JV1 %XVJ `VV  IR:C 1 %RVQ&V`VJHQJ `VCVHC1I: IXR1 V``:JXVJ5HQJ 1JVJ :%6V QHX:J1_%VH`X:J  :1J1%JV1I]Q` :J VR10V`1 XRV]:7:$VV RV]WHV8

8 8 8 ``Y XRV]`Q VH 1QJRVG1Q Q]V

%H%J:``Y XRVG1Q Q]VJV ]`XVJ %`CVG:1J0V`:J 8

8 8 8 ]:HV]`Q X$X:% 1 `VRV1 V?JH`1 V !C:X

:CQ1R%:0`1C  V R%I:1 HQR1`1XV^:` 1HCV  R  ;  8  R%  !QRV  RV C;J01`QJJVIVJ _Q`$:J1VJ C:]QC1 1_%VRVIQJ%IVJ J: %`VCV RV1 VVJA`:JHV8!VCQ1 `:R%1VJ C:0QCQJ XRVC; : R;:%`V`C;1J0VJ :1`VV C:]`Q VH 1QJRV`1H.VVV .X 1_%VRVC: A`:JHV8!V V`X$CVIVJ : 1QJ:1J 1 %XRV%6J10V:%6RV]`Q VH 1QJ:R:] X7C;1JH`1] 1QJV CV HC:VIVJ 8

-`Q X$V`%J]: `1IQ1JV`VI:`_%:GCV]Q%`CV `:JIV `V:%6$XJX`: 1QJ`% %`V5 VCV CVVJ RQJJXV]:`CVCX$1C: V%`:%HC:VIVJ V ;C;1JH`1] 1QJR;%JIQJ%IVJ J: %`VCQ%R;%J1 V8V RQH%IVJ R;%`G:J1IVRQ1  `:R%1`VHV V0QCQJ X8

;1JH`1] 1QJV C:`VHQJJ:1:JHVRVC;1J X`Y R;%J1 VRQJ C;X0QC% 1QJRVI:JRV%JV01$1C:JHV Q% V ]:` 1H%C1W`V8!;V %J]`VI1V`J10V:%RV]`Q VH 1QJ]Q%0:J HQJR%1`V;%JHC:VIVJ 8

V1 VHC:XQJ :%VJRVC:CQ1``:JM:1VR%I:1 5CV1 VJ: %`VCRQJ C;1J X`Y  ]:7:$V`5:` 1 1_%V5.1 Q`1_%V5H1VJ 1`1_%V5CX$VJR:1`VQ%]1 Q`V_%VV6HV] 1QJJVC=% 1`1V%J%101 _%:C1 : 1`Q%C:`Q`IVR%JV:% Q`1: 1QJ]`X:C:GCV]Q%`CV `:0:%6%HV] 1GCVRVIQR1`1V`CX :  Q% C:]]:`VJHV  R%  V``1 Q1`V  ]`Q X$X8 !V  HC:VIVJ  :]]Q` V  %JV  ]`Q VH 1QJ  `W  `Q` V  :%  1 V HQJHV`JX8

J1 VHC:XV ]`XVJ %`CV V``1 Q1`VR%7CVI:1`R%;QJ ;X

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V`V]Q` R%1 VVJ :J _%VV`01 %RVR;% 1C1 X]%GC1_%VV %JVQGC1$: 1QJ^:` 1HCV8 RR%HQRV RVC;%`G:J1IV_8V

VHC:VIVJ :]Q%`QG=VH 1`]`1JH1]:CRVI:1J VJ1`CVC1V%6VJC;X : 8:HQJV`0: 1QJ7V C:`W$CV5 C:IQR1`1H: 1QJC;V6HV] 1QJ8VIQR1`1H: 1QJI1JV%`VXJQJHXVR:JCVRXH`V R% RXHVIG`V  5`VCV0:J R;%JV:% Q`1: 1QJR%]`X`V 5:]`W:01RVC;`H.1 VH VRV>= 1IVJ RVA`:JHVV 51 JXHV:1`V5RVC:078VIQR1`1H: 1QJ]C%1I]Q` :J VQJ :% Q`1XV]:`CVI1J1 `VH.:`$X RV1 V5:]`W:01RVC:HQII11QJRX]:` VIVJ :CVRV1 V5]V`]VH 10VV ]:7:$V8

8 8 8 @: %`: !:` V71 V@: %`:

8 8 88 V H`1] 1QJ

5: %`:V %J`XV:%V%`Q]XVJRV1 VJ: %`VC:7:J %JV$`:JRV0:CV%`]: `1IQJ1:CV5]:`C: `:%JVV C:`CQ`VV6HV] 1QJJVCCV_%;1CHQJ 1VJJVJ 8:!QJ 1 % 1QJR%`XV:%5: %`::]Q%` QG=VH 1`RVI:1J VJ1`C:R10V`1 XG1QCQ$1_%VRVI1C1V%65 Q% VJ VJ:J HQI] VRVV61$VJHV XHQJQI1_%V5QH1:CV5H%C %`VCCVV `X$1QJ:CVR:J%JVCQ$1_%VRVRX0VCQ]]VIVJ R%`:GCV8

V :0`1C 5CV : IVIG`VRVC:!QII%J:% X%`Q]XVJJV:RQ] :1VJ C:R1`VH 10VH21V:%6I5 RQJ C;QG=VH 1`V RV]`Q X$V`CVI1C1V%6JXHV:1`V;C:`V]`QR%H 1QJV ;C:%`01VR;V]WHV R;Q1V:%6HQJ1RX`XVHQIIV`:`VQ%IVJ:HXV;C;XH.VCCVRVC;%`Q]V8CCV]`X0Q1 C:RX1$J: 1QJ RV1 VCV]C%:R:] X;C:HQJV`0: 1QJRVHVV]WHVVJQJVRV-`Q VH 1QJ]XH1:CV^-_8

VI:1 5C:R1`VH 10VHC:G1 : IV :RQ] XV501:J ;C:]`XV`0: 1QJRVC:`:%JV5RVC:`CQ`VV  RV  CV%`  I1C1V%6  RV  01V  6  VCCV  V  0VJ%V  HQI]CX V`  C:  R1`VH 10V  H21V:%6I8  'C  ;:$1  ]C% ]:` 1H%C1W`VIVJ RV]`Q X$V`CVI1C1V%6V V]WHV^.Q`I1CVQ1V:%6RX=;]`1VJHQI] V_`:`V5 `VI:`_%:GCVQ%`V]`XVJ : 1`RVC:G1QR10V`1 XV%`Q]XVJJV5C1 XR:JC:R1`VH 10V5VJRX1$J:J  RVQJV]XH1:CVRV!QJV`0: 1QJ^!_8

;VJVIGCVRV-V !RX1$JXVVJ%`Q]VHQJ 1 %VCV`XV:%5: %`:8'C;:$1 RV`:0Q`1V`5 ]:`C;QH `Q1R;:1RV`1J:JH1W`VJ: 1QJ:CVV V%`Q]XVJJV5RVIQRVR;V6]CQ1 : 1QJ `:R1 1QJJVCV  V6 VJ1`5Q%RVJQ%0VCCV]`: 1_%V5HQJ `1G%:J ;C;VJ `V 1VJV ;C:]`XV`0: 1QJRVHVI1C1V%6V  RVHVV]WHV8

8 8 88 `QHXR%`V

R:]`VI1W`VX :]VV C;XC:GQ`: 1QJ]:`H.:_%V : IVIG`VR;%JVC1 VRV1 V_%1`V$`Q%]VRV .:G1 : J: %`VC^:JJV6V'_V RV.:G1 : R;V]WHV^:JJV6V''_]`XVJ %`CV V``1 Q1`VJ: 1QJ:C8 !V VC1 VRV1 VHQJ 1 %VC:]`Q]Q1 1QJ `:JI1V;C:!QII11QJV%`Q]XVJJV8:R: VC1I1 V]:` C:R1`VH 10VX :1 `16XV;=%1J 8

R:RV%61WIVX :]VV C:RX`1J1 1QJ]:`C;J1QJV%`Q]XVJJVR%]`Q=V RVC1 VRV1 VR;1I]Q` :JHV HQII%J:% :1`V

R  :  RV`J1W`V  X :]V  HQ``V]QJR  ;  C:  RX1$J: 1QJ  ]:`  C; :  ``:JM:1  RV  1 V  R;1I]Q` :JHV HQII%J:% :1`V5VJ

-Q%`: V1JR`VCVQG=VH 1`RVHQJV`0: 1QJ5C:A`:JHV:H.Q11RV]`101CX$1V`C:0Q1VRVC:HQJHV` : 1QJ V RVC:HQJ `:H %:C1: 1QJ:0VHCV:H V%`CQH:%68CCVJ;:RQJH]:Q] X]Q%`RV]`QHXR%`V `X$CVIVJ :1`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L J  Q`$:J1IV  Q]X`: V%`  V  RX1$JX  %`  H.:_%V  1 V  5: %`:  8  'C  V  H.:`$X  R;:%`V`  C: HQJHV` : 1QJV RV`XR1$V`CV02!%IVJ R;2>=VH 1`^02!2>__%1]`XH1VCVIQR:C1 X]`: 1_%VRV $V 1QJR%1 V8

:  `XR:H 1QJ  R%  02!2>  :QH1V  CV  :H V%`  HQJHV`JX  ]:`  CV  1 V  7  .:G1 :J 5  %:$V`5  XC%5 ]`Q`V1QJJVC5V6]V` H1VJ 1`1_%V5:RI1J1 `: 1QJ8CCVVRX`Q%CVVJ `Q1X :]V7R1:$JQ 1HT RX`1J1 1QJRVVJ=V%6V RVQG=VH 1`TXC:GQ`: 1QJR;%J]C:JR;:H 1QJ8!VRV`J1W`VRQ10VJ Y `V ]`Q$`:IIXV5H.1```XVV CVIQR:C1 XRV`1J:JHVIVJ HQJJ%V8JVX0:C%: 1QJRV:H 1QJI1V VJ]C:HVRQ1 Y `V`X:C1XV:%GQ% RV :J8

8 8 88 1 V .: %`: %`CV V``1 Q1`V

-C%1V%`1 V5: %`:QJ ]`XVJ %`CV V``1 Q1`VR%7

@QIR%1 V %``:HV Q :CV %``:HVR:JCV  `%H %`V]Q` V%V 1 VR%.X

?:GCV:% 71 V5: %`:%`CV V``1 Q1`VR%

0V:Q%`HV;C:_%V%VRV`V VJ%VRV:0:CV V5C:0:CCXVR%1$JQJV HC:XV5: %`:RV]:`  C:]`XVJHVRV]WHV]: `1IQJ1:CVHQIIVC:;Q%CV-V`C1W`V5C;H`V01V;-1VR>C:JH5C:Q% `VV  CV!: Q`8V0QH%IVJ R2G=VH 1`]Q%`C:$V 1QJRVHVC1JX:1`VV VJHQ%`RV`XR:H 1QJ]:`CV '!8V1 VH`101W`V;;Q%CV]V`C1W`VIV QJV6 VJ1QJ:IQJ QJ ;HV=Q%`RVC1JX:1`VRV HQ%`RV:%8V]X`1IW `V%``:H1_%VRVHV1 V`%1QJJX:X X0:C1RXVJ8V]X`1IW `V1JHC% CV]:`HVCCV`10V`:1JVR%HQ%`RV:%R:J%JVG:JRVRV ;IW `VRV]:` V R:% `VR%HQ%` RV:%8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 8  8@ +.?: 

!:` V 7?J0VJ :1`VRV

:Q1%`C:%V CVI1C1V%6_%: 1_%VRX`1J1 ]:`

2JRX V`I1JVRQJH%JV

RC:]`XVJHVRV:%VJ%``:HVV LQ%5

RC:]`XVJHVR%JV0X$X : 1QJH:`:H X`1 1_%VR1 V.7$`Q].1CVV LQ%5

RC:]`XVJHVR%JQCIQJ `:J RV `:HVRV]`XVJHV VI]Q`:1`VRV:%VJ%``:HV^.7R`QIQ`].V_8

8 88 QJV.%I1RV]`XVJ V%`CVG:1J0V`:J R%%1$JQJR%VC:7

JVHX %RV]Q%`C:`V :%`: 1QJRVC:`QJH 1QJJ:C1 X.7R`QCQ$1_%VRV

:%``:HVRV

0:% `V1J0VJ :1`VQJ X X`X:C1XR:JCVH:R`VRVX %RVRXC:GQ`: 1QJR%!QJ `: 7V :%`: 1QJ V J `V 1VJ%`C:0%J1W`VV %`CV1$JQJR%VC:785X:JIQ1J5CVRQJJXVQJ I:=Q`1 :1`VIVJ  ]QJH %VCCV:J1J`Q`I: 1QJ%`CV%``:HVV CVIX .QRQCQ$1VR1J0VJ :1`VJQJRX :1CCXV8

V0:I1VJ]C:HV%JV 7]QCQ$1VRV

%`CVG:1J0V`:J R%1$JQJR%VC:75RV%6$`:JR 7]VQJ X X`VJHQJ `X7

 CV

 CV

V  `QV V5RV>:V 5RV;:Q% 1W`V5CV

0:JCVI:1`0QCH:J1_%VR%;V7$:C5CV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L %`CV]C: V:%CV: `VR!.:I]HC:%V5CVJQIG`V%VRX]`V1QJQJ ]Q%`C:]C%]:` `VI]C1VRV HQCC%01QJ`1JV_%1`Q`IVJ RV V``:1J.7R`QIQ`].V=:CQJJ:J HV V``1 Q1`V8!V` :1JVRVHV RX]`V1QJQJ RQJJXJ:1:JHV;RV

8 88 B : RVHQJV`0: 1QJRV

J01`QJ QRVC:%``:HVRV

0:JCVVH V%`RVC:H.:4JVRV>Q% 1W`V^`RWH.V_5%JVRX$`:R: 1QJRV QRV

%`CV]C: V:%G::C 1_%VRV: `VR!.:I]HC:%V5CVR`:1J:$V]:``QXHQJHV`JVQRV

0:JCVI:1`R%;V7$:C5CV

!V %`CV]C: V:%RV;QJ `:%HQJ_%VCQJ`V `Q%0VCV]C%RV`QV V5V RV:``C%VJ RVC:0%J1W`V HQIIVCVQ%`J1V`5CV71CCQJ5CV!.:JQ%V CV!.:``V`Q$JV5]`WRVQRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 88 2QJH 1QJRV

8 888 BQJH 1QJ $XJX`:CV

AQJH 1QJ  G1QCQ$1_%V  7  V 

AQJH 1QJ.7R`QCQ$1_%V  7V

AQJH 1QJX]%`: 10V  7J`:0Q`1:J CX]%`: 1QJ$`=HV;CV%``1H.VG1QHXJQV5VCCV]:` 1H1]VJ ;C: ]`XV`0: 1QJRVC:_%:C1 XRVC;V:%8

AQJH 1QJXHQJQI1_%V  70V

AQJH 1QJQH1:CVV H%C %`VCCV 70V]:` CV%`$`:JRV_%:C1 X]:7:$W`V5CV

8 888 BQJH 1QJ.7R`QCQ$1_%V %`CVG: 1J0V` :J R%'1$JQJR%VC:7

X %RV`X:C1XV]:`CV!QJV1CXJX`:CRVC:C:% VQ1`V%`CV

%`CVG:1J0V`:J RVC:0%J1W`V5HV]`Q]QV HC:1`VIVJ 1CC% `X8JV``V 5 QRVQJ V``1 Q1`V V QHH%]X]:`RVI1C1V%6;`:1GCV`XV`0VV LQ%:0VH%JV01R:J$VRVHV`XV`0V`:]1RVR:JCV VI]I:15:0VHRV

J`V0:JH.V5%`CVG:1J0V`:J RVC:>`QV VQ&CQJ`V `Q%0VRVI1C1V%61I1C:1`V5CVRXG1  RX 1:$VQJ  `WG:^0Q1`X$:CV;_RV]:`%JR`:1J:$V `Q]1J VJ1`RV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L V

 ]:`CV%`H:]:H1 XRV QH@:$V]`Q]`V5

 ]:`CV`TCVRV0V``Q%_%VCCV=Q%VJ %`CVRXG1 RV01R:J$VRV0V`:J _%1CV%`]CQIGV8

0:JCVVH V%`Q&1CJV61 V]:RVJ:]]V:_%1`W`V1$J1`1H: 10V5VCCVQJ CVV%C`XV`0Q1` %HV] 1GCVR:%`V`%JQ% 1VJRX 1:$V:%6HQ%`RV:%8JX 1:$V5VJ

8 8 8

?Q% ]`Q=V ]Q` :J : V1J V;%JVRQ1V`Q1%`CV:%?V RVI:JRX:`1JRV]`XH1V`CV1I]:H R%]`Q=V %`C:

V0^H.XI:01`VH V%`RIXJ:$VIVJ V RVV 1QJRV:%6_RVQ1`VR>`V :$JVI1VJ \%0`V]Q%`C:]X`1QRVR :1J X$`XR:JV]`1Q`1 XC:]`XV`0: 1QJRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 :%C.?%? C? 

88  %?.@CC?8@ @  8C;% 

888 !QJ V6 V

;C1IVJ : 1QJVJ:%-Q :GCV^-_V %JVJ=V%I:=V%`RVC:

0:JCV]X`1IW `VR;X %RV5C:`VQ%`HVVJV:%V V6]CQ1 XV]Q%`C;:C1IVJ : 1QJVJV:%]Q :GCVQ% R1``X`VJ V`Q`IV7H:] :$VQ% V``:1J5]`1VVJ`101W`VV ]C:JR;V:%8

`1JRV$:`:J 1`%JVV:%R1 `1G%XVRVGQJJV_%:C1 X51CV JXHV:1`VR;V6]CQ1 V`RV`VQ%`HVRV GQJJV_%:C1 X7VJV``V 5C;V:%]`XCV0XV%G1 VJ%1 V%J `:1 VIVJ RV]Q :G1C1: 1QJ]V`IV :J  R;: V1JR`VCVJQ`IVRV_%:C1 XRVR1 `1G% 1QJ5RQJ C;1I]Q` :JHVRX]VJRRVC:_%:C1 XRVC: `VQ%`HV8 -%1  VCCV V R1 `1G%XV 01:  RV  7 WIV ]C%  Q% IQ1J HQI]CV6V HQI]`VJ:J  RV Q`$:JV]`1JH1]:%6^H:J:C1: 1QJ5`XV`0Q1`_V VHQJR:1`V^ : 1QJRV%`]`V1QJ5]:`V6VI]CV_5 =%_%;:%`QG1JV R%HQJQII: V%`8

888 .QRVRV$V 1QJ !:` V 78`$:J1: 1QJRVC:$V 1QJRVCV:%]Q :GCV

%`CVG:1J0V`:J R%1$JQJR%VC:75C:HQI]X VJHVRV]`QR%H 1QJV R:RR%H 1QJRV:%]Q :GCV ]V% Y `V7

 VJ`X$1VR1`VH VRVC:HQII%JV5

 HQI]X VJHV `:JI1V;%J7JR1H: R1 ]`1I:1`V`V$`Q%]:J ]C%1V%`HQII%JV8

'C  V61 V ]C%1V%`  7JR1H:   _%1  :%`VJ  RV  ]`V : 1QJ  RV  V`01HV  ]Q%`  CV  HQI] V  RV  CV%` :R.X`VJ HQIIVC:$V 1QJ:RI1J1 `: 10VRV`:H %`: 1QJ5C:$V 1QJR%`QJH 1QJJVIVJ R%JV %1JVRV]`QR%H 1QJRV:%]Q :GCVHQIIVHVCCVRV;QJ1 `QC%`Q1`V8'C:$1 RV]`V : 1QJH;C: H:` VI_%1]V%0VJ Y `V0:`1:GCVVCQJCVHQII%JVV 7JR1H: 1J V`HQII%J:%68%`CV V``1 Q1`V5 HV `%H %`VHQ``V]QJRVJ :%7JR1H: RV$V 1QJRV:%6Q1`V1$JQJ^_5CV7JR1H: RV :%6RV?VJHVV CV7JR1H: RVV:%6R%VC:78

0VIYIV5HV` :1J7JR1H: ]`1I:1`VV HQII%JV5]V%0VJ RXCX$%V`C:$V 1QJ VH.J1_%VV  :RI1J1 `: 10VR%V`01HVR:RR%H 1QJRV:%]Q :GCV;RVVJ `V]`1V]`10XV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888

8888 'V ]`XCW0VIVJ  %]V``1H1VC

!V%6RH1QJ :%JQIG`VRV %`CVG:1J0V`:J 7

QC%IV]`XCV0X !Q%`RV:% QC%IV:JJ%VC   @QIR%H:] :$V  6]CQ1 :J VJ]X`1QRV ]`XCV0X ]`XCV0XVJ RX 1:$V -`1VRV:% 1CCVRV:1J  >:``:$V 1$JQJR%VC:7  I  I  1VJJV !.:]VCV V -`1VRV:% >:``:$V '-- 1$JQJR%VC:7 I  I !.:]VCV V -`1VRV:% 7JR1H: RV:%6 >:``:$V 1$JQJR%VC:7 -`1VRVVHQ%` -`1VRVVHQ%` RV;QJ `V$:`R !.:]VCV V 7JR1H: RVV:%6 ?`1`Q%CQ% V?`1`Q%CQ%  I  I RV;QJ `V$:`R 7%1V:%R% '-RV?VJHV V!.:%R1V`  I I !.:%R1V` -`1VRV:%RV '-RV?VJHV V!`Q%QJJV V !QII%JVRV V:1J I%C1VJ  I  I 7QH.V:H 0%J1W`V !QII%JVR% -`1VRV:%RV V;QJ: 1V` !.:IGQJ%`  I  I 7QH.V ^;:`V7_ 1$JQJ !QII%JVR% 5QJ]`XH1X !.:IGQJ%` 5QJ]`XH1X I   I 1$JQJ ?2?    I I

?:GCV:% 71 VRVH:] :$VRV:%%]V``1H1VCCV%`CVG:1J0V`:J R%1$JQJR%VC:7RXHC:`X;C;$VJHV RVC:%

:]X`1QRVRX 1:$VRX`1J1V]:`C$VJHVRVC:%V HQI]`1VVJ `VCVV`I:1V CVJQ0VIG`V8

 Q%`HV77  Q%`HV7$VJHVRVC:%Q1`V>`V :$JV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 'VHQI]CV6V':0:CV VR': .:]VCV V

  %VQ%0`:$VRV QH@:$VV RV `:J]Q` RVV:%6G`% V  ;:RR%H 1QJR;V:%]Q :GCVVJ `VC:!.:]VCV VV C:1CCVRV:1J R 1VJJV]:`C;1J V`IXR1:1`VR%H:J:C RVVJRV ^  IW `V_V C;:_%VR%H^ 5@I_:X X`X:C1XVVJ `V V   8VG:``:$VRVC: !.:]VCV V:X X:H.V0XVJ  8:HQJ `%H 1QJR%VHQJRG:``:$V5HVC%1RV:0:CV V^ 5 I1CC1QJ RVI;C;X]Q_%V_5:X X`X:C1XVVJ `V  V  8VG:``:$VRV:0:CV V:%J`TCVRV`XV`0Q1`V  ]V`IV %JVRXH:J : 1QJRVV:%6]`Q0VJ:J R%1$JQJ8:`V VJ%VR%G:``:$VRVC:!.:]VCV VV CV C1V%RV]`XCW0VIVJ RVV:%6G`% VRV]C%1V%`HQCCVH 101 X8 :]`1VR;V:%RVC:!.:]VCV V:X XI1VVJV`01HVVJ  8 J%1 V5:]`W:HHQ`RVJ `VC:1CCVRV:1J R 1VJJVV 0A5C:H:]:H1 XR%G:``:$VRV:0:CV V:X X :%$IVJ XV  ]Q%`  ]:V`  ;    I1CC1QJ  RV  I  ]Q%`  %JV  %``:HV  RV    .VH :`V  ]V`IV :J  C;V6]CQ1 : 1QJRVC:H.% VR;V:%VJ `V:0:CV VV C:!.:]VCV V8!VH1VJ `:4J:C:%`XCX0: 1QJR% G:``:$VRVC:!.:]VCV V]Q%`]:V`;%J0QC%IVRV`V VJ%VRV I8 :HQJR%1 V`Q`HXV`VC1:J C;%1JVRVVJRV ;C:1CCVRV:1J R 1VJJV:X X`X:C1XVVJ `V V   8!V VHQJR%1 V`Q`HXV:%JR1:IW `VRVIIV %JVCQJ$%V%`RV@I8CCV:]V`I1;C: 1CCVRV:1J R 1VJJVRVR1]QV`R;%JV1J``: `%H %`VRV `:J]Q` VJ:RX_%: 1QJ:0VHC;:% Q`1: 1QJ RVL^0-R% I:` _V RVIV `V:%`V]QC;:_%VR%H0X % V50Q1`VRX$`:RX]:`CV VI]8!V :_%VR%HV HQJV`0XVJVHQ%`V `:1 C;QG=V R;%J]`Q$`:IIVRV`X.:G1C1 : 1QJ8V V:%6RV 1JXV;C:HQJQII: 1QJRVC:]Q]%C: 1QJRVC:$$CQIX`: 1QJ X].:JQ1VQJ  `:1 XV; C%1JVRVQC:%`V^.Q`G:1J0V`:J _8

  %VQ%0`:$VRV]`XCW0VIVJ RVV:%6G`% V  -C%1V%`]`1VRV:%QJ ]`XVJ VR:JC:`V VJ%VR%G:``:$VRVC:!.:]VCV V  7 R:]`1VR;V:%R%'--R;1J$V:%6VJ`10V$:%H.V5 R:]`1VR;V:%R%7JR1H: 'J V`HQII%J:CRV;QJ `V$:`RVJ`10VR`Q1 V5 R:]`1VR;V:%R%H:J:CRVVJRV :%J10V:%R%G:``:$VRVC:!.:]VCV V:C1IVJ V%JV$`:JRV ]:` 1VRVC;:$$CQIX`: 1QJ X].:JQ1V:1J1_%VR:% `VHQII%JV8

:`1$%`V]:$V%10:J V]`XVJ VCVR1``X`VJ ]`XCW0VIVJ RV:%6G`% V;]:` 1`RVQ%0`:$VR% HQI]CV6V:0:CV VR:!.:]VCV VV RVC:HQJR%1 V`Q`HXV8

 Q%`HV70Q1V`R:% Q`1: 1QJ]Q%`C:HQJQII: 1QJ.%I:1JVRV]`1VRV:%RVC:!.:]VCV V58

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L A1$%`V 7H.XI:RV]`XCW0VIVJ RV:%6G`% V%`CVHQI]CV6V:0:CV V:!.:]VCV V 

 Q%`HV70VI:JRVR:% Q`1: 1QJ]Q%`C:HQJQII: 1QJ.%I:1JV5I1VVJ]C:HVRV]X`1IW `VRV]`Q VH 1QJRV H:] :$VRV]`1VRV:%R%1$JQJ51CCVRV:1J  1VJJV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 'V ]`XCW0VIVJ  Q% V``:1J

VQHCV$XQCQ$1_%VR%G:1J0V`:J R%V HQJ 1 %XRV`QH.V1I]V`IX:GCV8VVH V%` ]Q%0:J HQJ VJ1`%JV`VQ%`HVVJV:%Q% V``:1JVQJ RQJH]`1JH1]:CVIVJ RV`1%`VR:JHV `QH.V]V`IV :J %J QH@:$VRV0QC%IV]C%Q%IQ1J1I]Q` :J VCQJCVH:`:H X`1 1_%VRV HV V`1%`V8!V]`XCW0VIVJ QJ CQH:C1X]`1JH1]:CVIVJ %`RVQ%`HV8

VV:%6RVJ:]]VQ% V``:1JV5% 1C1XVRV`:MQJ_%:17 XI: 1_%V]Q%`C:]]`Q011QJJVIVJ  RV`XV:%6RV]V 1 VV IQ7VJJV :1CCVVJ

%`CVG:1J0V`:J R%1$JQJR%VC:75 H:] :$VQJ Q% V``:1JV ]`Q01VJJVJ RVJ:]]VQ% RVQ%`HV5Q1  QRVH:] :$VR% V``1 Q1`V  8

V :GCV:%%10:J ]`XVJ VCV0QC%IVH:] X]Q%`C%:$VV:%]Q :GCVRXHC:`X;C$VJHVRVC:% Q1`V>`V :$JVVJ 7

QC%IV:JJ%VC QC%IV]`XCV0X %QH:C1: 1QJR%]Q1J RV]`XCW0VIVJ C7]VRV`VQ%`HV ]`XCV0XVJ VJ ]X`1QRV  VJI RX 1:$VVJI

COMMUNE D'ARAULES SOURCE 0 0 COMMUNE D'ARAULES SOURCE 137900 80400 COMMUNE DE CHAMPCLAUSE SOURCE 19300 11300 COMMUNE DE DUNIERES SOURCE 0 0 COMMUNE DE DUNIERES NAPPE PROFONDE 0 0 COMMUNE DE FAY SUR LIGNON SOURCE 25700 15000 COMMUNE DE MAZET SAINT VOY SOURCE 78800 46000 COMMUNE DE MONTFAUCON EN VELAY NAPPE PROFONDE 0 0 COMMUNE DE MONTREGARD SOURCE 0 0 COMMUNE DE MONTREGARD SOURCE 0 0 COMMUNE DE RAUCOULES NAPPE PROFONDE 0 0 !2;;507'2?270 27!     !2;;50'5?>255? 5---72A250     !2;;50'5?A725? 27!    !2;;50'5?A725? 27!     !2;;50'5?I7 27!   !2;;50'5?I7 27!    !2;;50'5?I7 5---72A250   !2;;50?7 27!     !2;;50!C;>257'525 27!   !2;;50!C;>257'525 27!    !2;;50!C;>257'525 5---72A250   !2;;50!C;>257'525 27!   !2;;50'5 27!   !2;;50'5 27!   !2;;50'5?7'0!2'5 27!    ?2?    ?:GCV:% 7QC%IVH:] XVJ RXHC:`X;C$VJHVRVC:%Q1`V>`V :$JV

 Q%`HV7$VJHV7X$1QJ:CVRVC::J X%0V`$JV5RXCX$: 1QJRVC:C:% VQ1`V580QJJXVQ1`VJQJHQII%J1_%XV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L VV:%6]`Q0VJ:J RVJ:]]V]`Q`QJRVJXHV1 VJ %JH:] :$V]`Q`QJR:CQ`_%VCVV:%6RV Q%`HVQJ :%1R;Q`1$1JVQ% V``:1JVI:1]V%0VJ Y `V]`XCV0XV:%J10V:%RV`X%`$VJHVVJ %``:HV8

VCQJ  C$VJHV  RV  C:%5    I RV:% G`% V  :  X X  ]`XCV0XV  R:J  RV Q%`HV  Q% J:]]V ]`Q`QJRV%`CVG:1J0V`:J R%1$JQJR%VC:7VJ 8!VRQJJXV]`VJJVJ VJHQI] V %J1_%VIVJ CVH:] :$VQ%I1;C:`VRV0:JHVRVC$VJHVRVCV:%8

VH:] :$VQ% V``:1J]V`IV VJ C:C1IVJ : 1QJVJV:%]Q :GCVR%J 1V`RVHQII%JVR% G:1J  0V`:J 8  -Q%`  CV  HQII%JV  R1J$V:%65  R%  !.:IGQJ  %` 1$JQJ V  RV  0%J1W`V5  HV H:] :$VQJ RV`VQ%`HVHQI]CXIVJ :1`VRV]`XCW0VIVJ RV%``:HV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 888 ?J V`HQJJV61QJ

:J:C7VRV1I]Q` : 1QJV V6]Q` : 1QJRV:%]Q :GCVR%G:1J0V`:J ]`Q01VJJVJ RVC$VJHV RVC:%Q1`V>`V :$JV:1J1_%VR%J `:0:1C`X:C1XVJ ]:`%J :$1:1`VR%'!C:% VQ1`V8

2JVJ VJR]:`1I]Q` : 1QJCV]`XCW0VIVJ RV:%.Q`R%G:1J0V`:J R%1$JQJR%VC:7V CV `:J`V` RVHVV:%6R:JRVHV V``1 Q1`V88

2JVJ VJR]:`V6]Q` : 1QJ%J]`XCW0VIVJ RVV:%6%`CVG:1J0V`:J R%1$JQJR%VC:7V %J `:J`V` RVHVV:%6.Q`RVHVG:1J0V`:J 8

8888 ;I]Q` : 1QJ  I%_%VJ 5RV1I]Q` : 1QJRV:%R%G:``:$VRV-C: ; VJV ;:C1`:%6X :1VJ `X:C1XV]:` CV7JR1H: RVV:%6RVC:VIWJV^_]Q%`CVHQII%JVRV -:CRV;QJ5 7QI:1J:H.:CIV  0%J1W`V80V]%1C:I1V.Q`V`01HVRVHVG:``:$V5CV7JR1H: RVV:%6RVC:VIWJV]`XCW0VCV:% %`C:HQJR%1 V`Q`HXR%1$JQJV :]]`Q011QJJV:1J1_%VC_%VHQII%JVR%G:1J0V`:J ; .:% V%`RVJ01`QJIL:J8 'CJ7::HV=Q%`]:R1I]Q` : 1QJRV:%;%:$VRV:%]Q :GCV0V`CVG:1J0V`:J R%1$JQJR% VC:78

8888 #6]Q` : 1QJ R:HQII%JVR%!.:IGQJR%`R1$JQJ`Q%`J1 RVCV:%]Q :GCV]Q%`C:HQII%JVRV:1J R$`W0V CQ`_%VHVCCVRH10Q1 VQ%`HVG:1V`$XJX`:CVIVJ ;C:`1JRVCX X8!V VV:%0VJR%V_%1 `:J1 V ]:`CV`XV`0Q1`RV;QJ `X:C;;:``V]`XVJ V%J0QC%IVRVJ01`QJ I L:J8 R:HQJR%1 V`Q`HXVR%1$JQJ:C1IVJ VVJ01`QJ %:$V`%`C:$$CQIX`: 1QJ X].:JQ1V8: 01CCVRV:1J R 1VJJV:]`XCV0X  IVJ  ]:`HV VHQJR%1 V8-:`I1CVHQCCVH 101 XR% RX]:` VIVJ RVC:C:% VQ1`VHQJJVH XV;C:HQJR%1 V`Q`HXVR%1$JQJ5QJ `Q%0V7 7JR1H: RV:%6 !QJJVH 1QJ . %`VHR%`R%Q1`V VIWJV QC%IV]`XCV0X    VJI L:J^ _ J`VI]C:HVIVJ  ?7]VRV`VQ%`HV -`1JH1]:CV R%G:``:$VRV -`1JH1]:CV -C: 

?:GCV:% 7!QCCVH 101 X]`XCV0:J RVCV:%G`% VR:JC:HQJR%1 V`Q`HXV

V0QC%IV]`XVJ XR:JHV :GCV:%QJ 1%R%JVX %RV`X:C1XVVJ 8V0QC%IV]`XCV0XVJ ]:`CV;-V ;HV=Q%`RV I8 V]1_%:$V;;QJ1 `QCR%`RQ1`V:C1IVJ V:%1:1J VR1$QCWJVV CV1CCV V8-`WRV   IL:J0QJ ;;QJ1 `QCR%`RQ1`VV  ]Q%`:1J VR1$QCWJV_%1`Q%`J1 ;QJ Q%`V1CCV V; .:% V%`RV I L:J8 !QIIVCVHQII%JVRV:1J VR1$QCWJVV V1CCV VQJ VJ]:` 1V%`CVG:1J0V`:J 51CJV :$1 ]:R%JV Q :CVV6]Q` : 1QJRV:%82J]V% V 1IV`; I L:J]`XCV0X%`C:HQJR%1 V _%1QJ `V 1 %X:%G:1J0V`:J R%1$JQJ^VJV 1I:J _%VCVJVIGCVRVV:%6V `V 1 %X:% I1C1V%01:CVQ%0`:$VR;::1J1VIVJ _8 'CV61 V:%1RVV6]Q` : 1QJRV:%]:`]`XCW0VIVJ RV:%%`CVG:1J0V`:J V `V=V RV V:%6%XV%`%J:% `VG:1J0V`:J _%VCV1$JQJ82J]V% H1 V`CVHQII%JVR1J$V:%6V 

 Q%`HV7$VJHVRVC:%Q1`V>`V :$JV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L :1J R>QJJV RVRA`Q1R8!V `:J`V` QJ V 1IX;   I L:J]Q%`1J$V:%6V ]`XRV I L:J]Q%`:1J R>QJJV RVRA`Q1R^H.1```V _8

8888 /1C:JRV 1I]Q` : 1QJ LV6]Q` : 1QJ V :GCV:%H1RRVQ%]`XVJ VCVG1C:JRV0QC%IVRV:%G`% VV6]Q` XV 1I]Q` X%`CVG:1J 0V`:J 8!V `:0:1CV `X:C1X%`C:G:VR%JVX %RV`X:C1XV]:`CV'!C:% VQ1`VVJ V  ]:`RVRQJJXVRVC$VJHVRVCV:%JQJV6.:% 10V80VHV`:1 5HVG1C:JV ]`XVJ X; 1 `V1JR1H: 1`8 J `XV^Q%`V Q%`_RV:%R:JCV Q` 1VRV:%R%G:1J0V`:J VJ !QII%JV G:1J0V`:J VJI L:J IL:J :1J R$`W0V  !QJR%1 V`Q`HXVR%1$JQJ7 1CCVRV:1J R 1VJJV   ;-7 ;QJ1 `QCR%`RQ1`V   :1J VR1$QCWJV    V1CCV V   7  :1J R-:CR0VR;QJ  0%J1W`V  :%6%XV7 1J$V:%6    :1J R>QJJV RVRA`Q1R  C8C%    

?:GCV:% 7>1C:JRV1J V`HQJJV61QJRV:%]Q :GCV

VQCRVRVHV `:J`V` V 5]:`R1``X`VJHVRVHVRV%6 Q :%65RV   IL:J:]]`Q61I: 10VIVJ _%1 Q` VJ R%G:1J0V`:J R%1$JQJ8 88 8 %:C1 XRVV:%6R1 `1G%XV

88 88 'V JQ`IV RV_%:C1 X

JVV:%]Q :GCVV %JVV:%_%1]V% Y `VHQJQIIXV:J`1_%V]Q%`C::J X8`1JRVRX`1J1` ]`XH1XIVJ %JVV:%]Q :GCV5RVJQ`IVQJ X XX :GC1V8CCV`16VJ JQ :IIVJ CV VJV%` C1I1 V;JV]:RX]:V`]Q%`%JHV` :1JJQIG`VRV%G :JHVJQH10VV %HV] 1GCVR;Y `V ]`XVJ VR:JC;V:%8V`:1 _%;%JVV:%Q1 HQJ`Q`IV:%6JQ`IV5H;V R;RR1`V]Q :GCV5JV1$J1`1V RQJH]:_%;VCCVQ1 V6VI] VRVI: 1W`V]QCC%:J V5I:1_%VCV%`HQJHVJ `: 1QJ:X X=%$XV %``1:IIVJ `:1GCV]Q%`JV]:IV `VVJR:J$V`C::J XR%HQJQII: V%`8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L :`:IW `V @Q`IV  J1 X H.V`1H.1:HQC1   LI J X`QHQ_%V   LI >:H X`1V   LI C%I1J1%I Q :C  j$L `VJ1H   j$L AV` Q :C  j$L ;:J$:JWV  j$L 51 `: V   I$L 51 `1 V  5 I$L 5^5]Q%`CR`1JV5 -V 1H1RV^]:` R1VCR`1JV5.V] :H.CQ`V5 j$L %G :JHV_  .V] :H.CQ`X]Q]67RV_5 :% Q :C ]C J `V 5 V  J1 X]C -CQIG   j$L ?%`G1R1 X   5A

:`:IW `V ]Q%`CV _%VC  QJ `16XV RV C1I1 V RV_%:C1 X ^JQ`IV ;`V ]VH V`_

:`:IW `V ]Q%`CV _%VC  QJ `16XV RV `X`X`VJHV RV_%:C1 X^0:CV%` 1JR1H: 10V _

?:GCV:%7-`1JH1]:%6]:`:IW `V:J:C7XR:JCVV:%6RV 1JXV;C:HQJQII: 1QJ.%I:1JV

VCQJHVJQ`IV5%JVV:%]Q :GCVRQ1 Y `VV6VI] VRV$V`IV]: .Q$WJV^G:H X`1V501`%_V  R;Q`$:J1IV]:`:1 V8CCVJVRQ1 HQJ VJ1`HV` :1JV%G :JHVH.1I1_%V_%;VJ_%:J 1 XC1I1 XV7 1C;:$1 VJ]:` 1H%C1V`RV%G :JHV_%:C1`1XVR;1JRX1`:GCVQ%RV Q61_%V5HQIIVCVJ1 `: VV  CV].Q].: V5CVIX :%6CQ%`RQ%VJHQ`VCV.7R`QH:`G%`VV CV]V 1H1RV5]Q%`CV_%VCCVRV HHQJHVJ `: 1QJ  I:61I:CV  :RI11GCVIQJ  X X  RX`1J1V8  f C;1J0V`V5  C:  ]`XVJHV  RV  HV` :1JV %G :JHV]V% Y `V=%$XVJXHV:1`VHQIIVCVQC1$QRXCXIVJ 1JR1]VJ:GCV;C;Q`$:J1IV8

;:``Y XR%=:J01V` RX`1J1 CVC1I1 VV `X`X`VJHVRV_%:C1 XRVV:%6G`% VV RVV:%6 RV 1JXV;C:HQJQII: 1QJ.%I:1JV8

JVV:%]Q :GCVRQ1 :%1Y `V%JVV:%:$`X:GCV;GQ1`V7VCCVRQ1 Y `VHC:1`V5:0Q1`%JVGQJJVQRV%` V %JGQJ$Q( 8-Q%`HVC:51CC%1`:% HQJ VJ1`%JI1J1I%IRVVCI1JX`:%6R1Q%^RV5;5 $L_5 CV_%VC  QJ  ]:`  :1CCV%`  1JR1]VJ:GCV  ;  C;Q`$:J1IV8  J`1J5  VCCV  JV  RQ1  ]:  HQ``QRV`  CV H:J:C1: 1QJ:`1JR;:``10V`:0VH%JV_%:C1 X: 1`:1:J V;C:Q` 1VRV`QG1JV 8

88 88 'V HQJ `TCV V C: %`0V1CC:JHV

:]`Q VH 1QJRVC::J X]%GC1_%V1I]QVRV`W$CV `1H VRVIQ7VJV RV`X%C : ]Q%`HV_%1 HQJHV`JVC:]`QR%H 1QJV C:R1 `1G% 1QJRVCV:%=%_%:%`QG1JV R%HQJQII: V%`8

:_%:C1 XRVC;V:%]V% VRX$`:RV` Q% :%CQJ$RVQJ]:`HQ%`^Q%`HV5`XV`0Q1`5`XV:%_8-Q%` :%`V`_%VCV:%_%1:``10V:%`QG1JV `X]QJR:%6V61$VJHVRV_%:C1 X51CV61 V%JV]`QHXR%`VRV HQJ `TCVQ``1H1VCCV:]]VCXVCVHHQJ `TCV:J1 :1`VRVCV:%I_%1:=Q% V;CQGC1$: 1QJRV%`0V1CC:JHV ]V`I:JVJ VRVC:_%:C1 XRVCV:%]:`CV`V]QJ:GCVRVC:R1 `1G% 1QJ8

 Q%`HV7``Y XR%=:J01V`

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L ``VH %X]:`C;$VJHV7X$1QJ:CVRVC::J X^7_5CVHQJ `TCV:J1 :1`VRVC:_%:C1 XRVV:%6`:1 VJ :]]C1H: 1QJR%HQRVRVC::J X]%GC1_%V5:` 1HCV78RV %10:J 5V6V`HV7

RC:Q%`HV^V:%6G`% V_V :]`W `:1 VIVJ 7C:``X_%VJHVRV]`XCW0VIVJ V C: 7]QCQ$1VRV :J:C7VQJ `QJH 1QJRV_%:J 1 XR;V:%]`XCV0XV5V RVC:0%CJX`:G1C1 XRVC:`VQ%`HV6

RJ]`QR%H 1QJ7CV]`XCW0VIVJ QJ `X:C1X:%J10V:%RV7 WIVRV `:1 VIVJ ]Q%`0X`1`1V` CV%`V``1H:H1 X6

RJR1 `1G% 1QJ7C:``X_%VJHVV `QJH 1QJRVC;1I]Q` :JHVRVC:]Q]%C: 1QJRVV`01V%`H.:_%V 0'^J1 XRV0' `1G% 1QJ_8

0:JCVH:Q&%JVJQJRHQJ`Q`I1 XV RXHVCXV5C;7RQ1 X0:C%V`CV`1_%V:J1 :1`V]Q%` CV ]Q]%C: 1QJ:`1J_%VRVIV%`VRVHQ``VH 1QJQ%RV]`X0VJ 1QJV R;1J`Q`I: 1QJ:R:] XV;C: 1 %: 1QJQ1VJ I1VVJ\%0`V]:`CV$V 1QJJ:1`V8

VHQJ `TCV:J1 :1`VJVVC1I1 V]::%HQJ `TCVRVC:_%:C1 XRVV:%651C]V`IV :1J1R1J]VH V`CV 1J :CC: 1QJ5  RV  HQJ `TCV`  CV  IV%`V  RV  XH%`1 X  :J1 :1`V  I1V  VJ  \%0`V5  R1J`Q`IV`  CV ]V`QJJV]%GC1_%VQ%]`10XV`V]QJ:GCVRVC:R1 `1G% 1QJRVC;V:%V CV%:$V`5RV$X`V`CV JQJRHQJ`Q`I1 X:%6V61$VJHVRV_%:C1 X8

V  %:$V`  RQ10VJ  ]Q%0Q1`  R1]QV`  RV  `X%C :   R%  HQJ `TCV  :J1 :1`V  V  Y `V  VJ  IV%`V R:]]`XH1V`C:_%:C1 XRVCV:%_%1CV%`V RXC10`XV8-Q%`HVC:5CV`X%C : R:J:C7VR%HQJ `TCV :J1 :1`VHQII%J1_%X:%6I:1`V5]`X1RVJ RV7JR1H: V V6]CQ1 :J RV`XV:%6RQ10VJ `:1`V C;QG=V R;%J:``1H.:$VV RV Q% VIV%`VRV]%GC1H1 X:]]`Q]`1XV8JV`1H.VR1J`Q`I: 1QJ:JJ%VCCV RVC:_%:C1 XRVCV:%^A'_;=Q1JR`V;C:`:H %`VRV:%V X$:CVIVJ X :GC1V]:`C;7V :R`VXV; CV6]CQ1 :J ]Q%`R1``%1QJ:%6:GQJJX8

88 88 ':_%:C1 XRV V:%6R1 `1G%XV

0VJQIG`V%6]:`:IW `VH.1I1_%V^I1H`Q]QCC%:J 5]V 1H1RV5I1JX`:%659_V Q`$:JQCV] 1_%V ^HQ%CV%`5QRV%`5:0V%`_QJ %1018!V%6]Q%`CV_%VC:%H%J]`QGCWIVRVRX]:VIVJ RVJQ`IV Q%RV`X`X`VJHVRV_%:C1 XJ;V QGV`0XJVV`QJ ]:RXH`1 H1R:]`W8

  %:_%:C1 XG:H X`1QCQ$1_%V 

VV:%6Q% V``:1JV]V%]`Q`QJRVQJ 0%CJX`:GCV:%6]QCC% 1QJRV%``:HVQHH:1QJJXV]:`CV ]:H:$VR;:J1I:%6Q%RV1I]CV]C%1VCV10:J CVQC8A:HV:%6`1_%V]Q%`C::J X5CV`1_%V I1H`QG1QCQ$1_%VJVRQ1 ]:Y `VQ%RV 1IX5CV1$JVRVHQJ :I1J: 1QJ`XH:CVX :J Q%0VJ  :QH1X;C:]`XVJHVRVJQIG`V%6:$VJ ]: .Q$WJV_%1]V%0VJ Y `V `WR:J$V`V%6]Q%`C: :J X8

JVRX1J`VH 1QJ$`=HV;RV]`QR%1 H.1I1_%V^H.CQ`V5Q

  %;:$`V101 XRVC;V:% 

JVV:%V R1 V:$`V10VCQ`_%;VCCVVH:`:H X`1V]:`%JV`:1GCVI1JX`:C1: 1QJV %J]C:H1RV8V ]CRQ1 Y `V%]X`1V%`Q%X$:C; 5 ]Q%`%JVV:%]Q :GCV85: %`VCCVIVJ 5CVV:%6G`% VH:] XV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L QJ  `W]V%I1JX`:C1XV5:0VH%JV VJR:JHV:$`V10V8VV:%6:$`V10VV RQ%HVQJ C: ]`Q]`1X X  RV  JV  ]:  `Q`IV`  RV  RX]T  RV  H:`GQJ: V  RV  H:CH1%I  %`  CV  %``:HV  1J V`JV  RV H:J:C1: 1QJ80VHV`:1 5%JVV:%:$`V10VHQJ `1G%V;C:HQ``Q1QJRV]:` 1VIX :CC1_%VR%`XV:% ^HQJR%1 V5X_%1]VIVJ _8VIX :%6  VC _%VCV J1H@VC5 CV `V`5 CV H%10`V5CV<1JH5CV ]CQIG5 CV H:RI1%I5  ]V%0VJ  :CQ`  Y `V  R1Q%  R:J  HV` :1JV  HQJR1 1QJ  RX`:0Q`:GCV  ^ VI]X`: %`V5  :$J: 1QJ9_8JQ% `V5%JVHQ``Q1QJ]C%`:]1RVRVHQJR%1 VR%`XV:%V RV1J :CC: 1QJ_%17 QJ  HQJJVH XV  ]V%  `XR%1`V  VJ1GCVIVJ  C:  R%`XV  RV  01V  RV  HV  X_%1]VIVJ 8 J`1J5  HV V HQ``Q1QJ  ]V%  Y `V  ;  CQ`1$1JV  RV  I1H`Q`1%`V  ]V`IV :J  C1J `%1QJ  RV  I1H`QQ`$:J1IV ]Q VJ 1VCCVIVJ JQH1`]Q%`C%:$VV:%]Q :GCV8

V `:1 VIVJ ;IV `VVJ]C:HVQJ 0:`1:GCVVCQJCVH:`:H X`1 1_%VRVC;V:%8J1I]CV `:1 VIVJ RVJV% `:C1: 1QJV ]:``Q1%``1:J 5I:1C:I1V;C;X_%1C1G`VH:CHQRH:`GQJ1_%VV 5 R:JHV` :1JH:5JXHV:1`V80V `:1 VIVJ `1CIQ$WJV]V%0VJ Y `V:% Q`1XQ%HV` :1JV HQJR1 1QJ8VH:J:C1: 1QJVJ]CQIG^`XV:%6]%GC1HQ%]`10X_RQ10VJ Y `V`VI]C:HXV8:`% %`V C1I1 VRV_%:C1 XRV-$L]Q%`CV]CQIGVJ `V`:VJ01$%V%`VJ8

  %;C%I1J1%I 

Q`R% `:1 VIVJ RVV:%6G`% V5R%%C`: VR:C%I1JV]V% Y `V1J=VH XR:JCVV:%6:`1JRV `:0Q`1V`C:RXH:J : 1QJRVI: 1W`VVJ%]VJ1QJ8VJQ`IV`16VHQIIVHQJHVJ `: 1QJI:61I:CV :% Q`1Xj$L8VRQVRV%C`: VR:C%I1JV1J=VH XVR:JCVV:%60:`1VJ VJ`QJH 1QJRVC: %`G1R1 XRVHVCCVRH18

JRX]:VIVJ `XH%``VJ RVHQJHVJ `: 1QJI:61I:CV`VHQII:JRXV:0:1 X XQGV`0XR:JCV V:%6R1 `1G%XV]:`CV0-RV?VJHV:J X`1V%`VIVJ ;80V `:0:%6QJ X X`X:C1XVJ ]Q%`:IXC1Q`V`C:1 %: 1QJ8

  7J .WVR%%101RVC:_%:C1 X 

V :GCV:%H1RRVQ%]`XVJ VCV`X%C : RV%101RVC:_%:C1 XRVV:%6R1 `1G%XV]Q%`CV HQII%JVQ&RVR7`QJH 1QJJVIVJ QJ IV%`X8V%CVQJ ]`XVJ XVCVHQII%JVRQJ CV V:%6]`Q01VJJVJ RVH:] :$VR%G:1J0V`:J 8-Q%`CVHQII%JVRVC:Q1`V51C:$1 R%%101RV C$VJHV7X$1QJ:CVRVC::J XRVC:JJXV8-Q%`CVHQII%JVRVC:C:% VQ1`V5HV`X%C :  ]`Q01VJJVJ R%%101:0VH%JV]`1VVJHQI] VRVRQJJXV%` :J8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L !QII%JV %:C1 X$CQG:CV =%:C1 XGQJJV; `WGQJJV5RX]:VIVJ QHH:1QJJVC 1J$V:%6 %`G1R1 X5_%:C1 XG:H X`1QCQ$1_%V1J%``1:J VRVV:%6VJ ]`Q0VJ:JHVRVH:] :$VRV IV%`V >QJJV_%:C1 X:%`]Q%`CVH:] :$VRV-Q%``: R>Q% V7`VQ& <1Q Q`R C:_%:C1 XG:H X`1QCQ$1_%VV 1J%``1:J V8-`QGCWIV%` :`HVJ:I:1C:1 %: 1QJ:IXC1Q`V%1 V;RV `:0:%6 >QJJV_%:C1 X:%`%`CVH:] :$VRV>VC1 :`RR:$JVQ&C: `:%CV _%:C1 XG:H X`1QCQ$1_%VV 1J%``1:J V =%:C1 XG:H X`1QCQ$1_%V1J%``1:J V]Q%`CV`XV`0Q1` :1J LV%`V !.1`:%R =%:C1 XG:H X`1QCQ$1_%V1J%``1:J V]Q%`CVH:] :$VR%-%1  1$JQJVJ`:1QJRVC:]:JJVR%7 WIVRVRX1J`VH 1QJ %V.:Q%`$RI:`$Q%5GQ%`$R `:HQ%C:5A:%`1VV ;:=:C 1J%``1:J V8 !.VJV`V1CCV 0X]:VIVJ `X$%C1V`RVC:%I1J1%I:0VH%JVR1I1J% 1QJ %V.:RVCVJHV R%].XJQIWVVJ8?`:0:%6]`X0%VJ]Q%` CVJHV QC% 1QJJV`HV]`QGCWIV8 =%:C1 X: 1`:1:J V:0VHRVRX]:VIVJ QHH:1QJJVC :%J1W`V ]Q%`C:C%I1J1%I]Q%`CVV:%6 `:J1 :J ]:`.V`GV  ^!.:]VCV V_ :1J :CRV.QJ =%:C1 X: 1`:1:J V:0VHRVRX]:VIVJ QHH:1QJJVC :1J 

VRX]:VIVJ `VCV0XQJ RVRX]:VIVJ RVV%1CG:H X`1QCQ$1_%VV QHH:1QJJVCCVIVJ  RVC;:C%I1J1%I8

V`:]]Q` RVC7]`XH1VJ ]Q%`CVJVIGCVRVHQII%JVR%G:1J0V`:J _%VCVV:%6 R1 `1G%XVQJ ]V%I1JX`:C1XVV RQJH:$`V10V]Q%`CVH:J:C1: 1QJ8

%15CVV:%6R1 `1G%XV]`XVJ VJ RV :%6RVJ1 `: V `W`:1GCVV  `W1J`X`1V%`:%6JQ`IV I:61I:CVRV]Q :G1C1 X80VIYIV5:%H%JV `:HVRV]V 1H1RVJ:X X`VCV0XVCQ`RVIV%`VRV C78

%`CVHQII%JVQ&C:_%:C1 XRV:%]Q :GCVR1 `1G%XVV : 1`:1:J V:%`V$:`RRVJQ`IV5QJ JQ V  _%V  CV  H:] :$V  ]`XVJ   %`  C:  HQII%JV  RV  ;QJ `V$:`R  QJ  %JV  `W  GQJJV  _%:C1 X G:H X`1QCQ$1_%V8:]`XV`0: 1QJRVHVH:] :$VV R:% :J ]C%1I]Q` :J _%VHV%6RH1:C1IVJ VJ  CVHQII%JVRV:] V5`:<:H5;QJ `V$:`R5;QJ `:%HQJ50%J1W`VV 7:%HQ%CV8

88 8 `Q VH 1QJRVC:`VQ%`HV !:` V 7X`1IW `VRV]`Q VH 1QJRVH:] :$V %`  CV  G:1J   R%  1$JQJ  R%  VC:75   CV  `VQ%`HV  QCC1H1 XV5  _%;VCCV  Q1VJ  Q% V``:1JV  Q% %]V``1H1VCCV5  QJ  `W  0%CJX`:GCV  :%6  ]QCC% 1QJ8  V%`  _%:C1 X  RX]VJR  R1`VH VIVJ  R%  7]V R;QHH%]: 1QJR%QCV RV:H 101 X.%I:1JVV61 :J V;]`Q61I1 XRVH:] :$V8 `1JRV]`XV`0V`C:_%:C1 XRVV:%6RV 1JXV;C:HQJQII: 1QJ.%I:1JV5CVHQRVRVC::J X ]%GC1_%V V C: ;QJ `VJR%QGC1$: Q1`VC:RXC1I1 : 1QJRV]X`1IW `VRV]`Q VH 1QJ:`1JRV I:4 `1V`C;1I]C:J : 1QJRV:H 101 X]QCC%:J VV RV`X$CVIVJ V`HV` :1JV]`: 1_%V:%6:GQ`R RVH:] :$V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L :]`Q VH 1QJR%JH:] :$VVHQI]QVRV]X`1IW `V$1$Q$JV5RX V`I1JXVCQJCV`1_%VRV ]QCC% 1QJV C:0%CJX`:G1C1 XR%H:] :$V8V1J V`R1H 1QJ5]`VH`1] 1QJV `VHQII:JR: 1QJQJ  ]`Q]QXVVJHQJX_%VJHV7 R %V]X`1IW `VRV]`Q VH 1QJ1IIXR1: V :]Q%`QG=V R;VI]YH.V`C:RX$`:R: 1QJRVQ%0`:$VQ% C;1J `QR%H 1QJR1`VH VRV%G :JHV]QCC%:J VR:JC;V:%8V V``:1JV :H_%1VJ]CV1JV]`Q]`1X X ]:`C:HQCCVH 101 XV 1CV HCT %`X8?Q% VCV:H 101 X7QJ 1J V`R1 V6 R  %V  ]X`1IW `V  RV  ]`Q VH 1QJ  `:]]`QH.XV  :  ]Q%`  QG=V  RV  ]`Q X$V`  CV  H:] :$V  RV  I1$`: 1QJ Q% V``:1JVRV%G :JHV]QCC%:J V8%`HV V``:1J]V%0VJ Y `V1J V`R1 Q%`X$CVIVJ X Q% V CV:H 101 X51J :CC: 1QJV RX]T %HV] 1GCVRVJ%1`VR1`VH VIVJ Q%1JR1`VH VIVJ ;C:_%:C1 X RVV:%68V V``:1J]V%0VJ Y `V:H_%1]:`0Q1VR;V6]`Q]`1: 1QJVJ]CV1JV]`Q]`1X X]:`CVI:4 `V R;Q%0`:$V51C;:H_%11 1QJV =%$XV1JR1]VJ:GCV;C:]`Q VH 1QJRVV:%6H:] XV6 R %V]X`1IW `VRV]`Q VH 1QJXCQ1$JXV J;:]:RVH:`:H W`VQGC1$: Q1`VV `VJ`Q`HVCV]`XHXRVJ 8V :H 101 X5  CV  1J :CC: 1QJ  V  CV  RX]T   _%1  ]`XVJ VJ  %J  R:J$V`  RV  ]QCC% 1QJ  I:C$`X  CV%` XCQ1$JVIVJ 5HQI] V VJ%RVC:J: %`VRV V``:1J5]V%0VJ Y `V`X$CVIVJ X8 :RX V`I1J: 1QJRV HV]X`1IW `VJXHV1 V%JV RXHC:`: 1QJR;% 1C1 X ]%GC1_%V ^0-_8'CQJ  ]`Q]QX]:`%JV6]V` 1JRX]VJR:J V RX1$JX]:`CV]`X`V 7C;.7R`Q$XQCQ$%V:$`XX8 QG=VH 1`]`VI1V`RV]X`1IW `VRV]`Q VH 1QJV RVC% V`HQJ `VCV]QCC% 1QJCQH:CV5]QJH %VCCV V :HH1RVJ VCCV8:C% VHQJ `VCV]QCC% 1QJR1``%V5_%:J ;VCCV5JV $XJX`:CVIVJ V``1H:HV_%V ]:`C: I1V VJ ]C:HV R:H 1QJ  $XJX`:CV  RV ]`XV`0: 1QJR% I1C1V% %` CVJVIGCVRV  G:1J R;:C1IVJ : 1QJRVH:] :$V8 %`CVG:1JR%1$JQJR%VC:75H:] :$V%` :% Q :CQJ ]`Q X$X]:`RV]X`1IW `VRV ]`Q VH 1QJ1IIXR1: 5RQJ %JVI:=Q`1 X]QXR:J %J]X`1IW `VRV]`Q VH 1QJ`:]]`QH.X8V%C `Q1 H:] :$VJQJ ]:VJ$:$XRV]`QHXR%`VRV]`Q VH 1QJ8'C:$1 RV]V 1 H:] :$V]Q%`C:RR%H 1QJ RV_%VC_%V.:G1 : 1QJ]`10XVV RVC:I:1QJ`Q`V 1W`V8

@QIG`V Q%`HVJ :$V -X`1IW `VRV]`Q VH 1QJ   Q 1IIXR1: V%C --'U-X`1IW `VRV]`Q VH 1QJ Q `:]]`QH.X --'U--7U-X`1IW `VRV  Q ]`Q VH 1QJXCQ1$JX -`QHXR%`VVJHQ%`  Q -`QHXR%`VJQJVJ$:$XV  Q 5QIG`VRVH:] :$V Q :C  

?:GCV:%7 : RV]`Q VH 1QJRVH:] :$V%`CVG:1J0V`:J R%1$JQJR%VC:7

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 88  ?@?.@C 

%`CVRX]:` VIVJ RVC:C:% VQ1`V5CVV`01HVR:1 :JHV VH.J1_%V;CV:%V C::1J1VIVJ R% !QJV1CXJX`:C:%JVI11QJR:1RV;C:RXH11QJV R:1 :JHV VH.J1_%V]Q%`CVHQCCVH 101 X CQH:CV  VJ  H.:`$V  RV  C::1J1VIVJ 8  0:J  HV  H:R`V5  HV  V`01HV  :  `X:C1X  %JV  7J .WV  RV C;::1J1VIVJ ;CXH.VCCVR%G:1J0V`:J R%R%1$JQJR%VC:7%`CVRX]:` VIVJ RVC: C:% VQ1`VVJ:Q( 8VXCXIVJ H1RRVQ%QJ V6 `:1 RVHV V7J .WVV HQI]CX X]:` RV  1J`Q`I: 1QJ  RV  C$VJHV  RV  C:%  Q1`V  >`V :$JV  V  RV  C:  01`VH 1QJ  0X]:` VIVJ :CV  RV ?V``1 Q1`VRVC:Q1`V8

VG:1J0V`:J R%R%1$JQJR%VC:7V RQ XRV 7 WIVR::1J1VIVJ HQCCVH 1`V  HQI] V   :$$CQIX`: 1QJ  R;::1J1VIVJ  RV  ]C%  RV      X_%10:CVJ L.:G1 :J 8  V  :%6 RX_%1]VIVJ V 1I]Q` :J V CV1J :CC: 1QJRX]%`: 1QJQJ VJIQ7VJJVIQ1JRV :J8J RV.Q`RVGQ%`$5C:R1]V`1QJR%G= 1`:0Q`1VRV`:1 CVRX0VCQ]]VIVJ RVC::1J1VIVJ JQJ HQCCVH 1`8J01`QJ .:G1 : 1QJV`:1VJ HQJHV`JXV]:`C::1J1VIVJ JQJHQCCVH 1`%`CV G:1J0V`:J 8

%H%JVRVHQII%JV:`RXH.Q1VR%G:1J0V`:J JQJ CV%`7 WIVR::1J1VIVJ HQCCVH 1` V`V=V :J R:J%JHQ%`RV:%R% V``1 Q1`VR%8

888 !QJ V6 V`X$CVIVJ :1`V

'CV61 VR1``X`VJ J10V:%6RV`X$CVIVJ : 1QJ7

R`X$CVIVJ : 1QJV%`Q]XVJJV

R`X$CVIVJ : 1QJJ: 1QJ:CV

R`X$CVIVJ : 1QJ;CXH.VCCVR%G:1JQ1`VR>`V :$JV

R`X$CVIVJ : 1QJRX]:` VIVJ :CV

8888 ':1`VH 10V#:%65X 1R%:1`V `G:1JV V C: #

V01`VH 10VV%`Q]XVJJV`16VJ %JH:R`V$XJX`:C]Q%`C:$V 1QJRVC;::1J1VIVJ HQCCVH 1`V  JQJHQCCVH 1`8 %:R1`VH 10V:%6

:01`VH 10V7:RX`1J1C:JQ 1QJRV

 Q%`HV707!VJ `V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L JQ% `VQJ X X`16XCVJ10V:%6RVHQCCVH VV RV `:1 VIVJ RVV:%6RQIV 1_%V:1J1_%VRV V:%6  JQJ  RQIV 1_%V  `:HHQ`RXV  :% `XV:% %`G:1J5  V  RV  GQ%V  RV   : 1QJ  R;X]%`: 1QJ5  ; : V1JR`VVJ`QJH 1QJRVC: :1CCVRV:$$CQIX`: 1QJV C:VJ1G1C1 XRVC;XHQ7 WIV`XHV] V%`81J1 CVV:%6%`G:1JV%XVRQ10VJ Y `VHQCCVH XVV Q%I1V;%J `:1 VIVJ VHQJR:1`V:0:J R;Y `V `V=V XV^0Q1`V;%J `:1 VIVJ ]C%`1$Q%`V%6]Q%`CV

R:%]C% :`RCVRXHVIG`V 5]Q%`CV:$$CQIX`: 1QJVJ

R:%]C% :`RCVRXHVIG`V ]Q%`HVCCV:7:J %JCHQI]`1VJ `VV 8

JHV_%1HQJHV`JVCV`V=V ]`Q0VJ:J R;:$$CQIX`: 1QJRVIQ1JRVC5R:JRVV:%6 RQ%HV5CVV:%6%`G:1JV`X1R%:1`V_%1]XJX `:1VJ R:JCV7 WIVRVHQCCVH VRV0:1VJ `:1`V C;QG=V R;%J `:1 VIVJ :]]`Q]`1X8

!V V`X$CVIVJ : 1QJV HQI]CX XV]:` C::1`VH 10VH:R`V%`CV:%L L!R%QH QG`V _%1`16VHQIIVQG=VH 1`$CQG:CC: V1J VR%GQJX : XHQCQ$1_%VRVV:%6]Q%` 8`1JR1J X$`V` CV`X:C1 X`1J:JH1W`V5RVQG=VH 1`IQ1J `1H ]V%0VJ Y `V`16XVJH:RVHQ( R1]`Q]Q` 1QJJX ]Q%`CV1JR% `1VC5:$`1H%C V%`V HQCCVH 101 X V``1 Q`1:CV8

8888 ':`X$CVIVJ : 1QJJ: 1QJ:CV

%:%Q1%`C:%V CV.1C1V%6_%: 1_%V^%._J  R R%RXHVIG`V 5:`XJQ0XCV H:R`V$CQG:CRVC:CQ1%`CV:%RV V ]`Q]QVRVQ% 1C]Q%`C: V1J VR%GQJX : XHQCQ$1_%V8 V]`1JH1]:CVR1]Q1 1QJRVC:;VJ V`IVR::1J1VIVJ QJ CV%10:J V7

R7X:C1: 1QJ]:`CVHQII%JVRV

R:%`0V1CC:JHVQGC1$: Q1`VRVC;V``1H:H1 XRVR1]Q1 1`R;::1J1VIVJ 6

R-Q%`C;::1J1VIVJ JQJHQCCVH 1`5C;QGC1$: 1QJRV]V`IV `VC:]`XV`0: 1QJRVC:_%:C1 XRVV:%65 V RVIV `VVJ]C:HV%JHQJ `TCV VH.J1_%V8VHQII%JVRQ10VJ V``VH %V`HVHQJ `TCV:%]C% :`RCVRXHVIG`V5]%1VCQJ%JV]X`1QR1H1 X_%1JV]V% V6HXRV` :J8JH:RVJQJ HQJ`Q`I1 X5CV]`Q]`1X :1`V`:1 ]`QHXRV`:%6 `:0:%6R:J%JRXC:1RV:J%10:J C:`X:C1: 1QJR% RQH%IVJ `X:C1X;C1%R%HQJ `TCV6

R0XC1I1 V`CV

R0XC1I1 V`CV

R2GC1$: 1QJ]Q%`CV1IIV%GCVJQJ`:HHQ`RX:%`XV:%]%GC1HRVHQCCVH VRVV:%6%XVRY `V X_%1]XR%JV1J :CC: 1QJR::1J1VIVJ JQJHQCCVH 1`VJ `V VJ%V6

R2GC1$: 1QJ]Q%` Q% RX0V`VIVJ RV:%6%XV:% `V_%VRQIV 1_%VR:JCV`XV:%]%GC1HRV HQCCVH V  RV  R1]QV`  R%JV  :% Q`1: 1QJ  R%  I:1`V  Q%  R%  ]`X1RVJ  RV  CX :GC1VIVJ  ]%GC1H HQI]X VJ 8

%:``Y XR%=%1J :]Q%`QG=V C:HQCCVH V5CV `:J]Q` V CV `:1 VIVJ RVV:%6%XVRV :$$CQIX`: 1QJ  R;::1J1VIVJ  :1J1  _%V  C:  %`0V1CC:JHV  RV  CV%`  `QJH 1QJJVIVJ  V  RV  CV%`

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L V``1H:H1 X8'C:]]C1_%V:%1:%67 WIV::1J1VIVJ JQJHQCCVH 1``VHV0:J %JVH.:`$VG`% V RV]QCC% 1QJQ`$:J1_%V%]X`1V%`;5@$L=Q%`RV0>2 ^Q1 X_%10:CVJ .:G1 :J _8

!V :``Y VX :GC1 RV]`VH`1] 1QJ VH.J1_%VI1J1I:CV]Q%`CVX_%1]VIVJ R::1J1VIVJ  HQCCVH 1`:`1JRV$:`:J 1`CV``1H:H1 XRVCX]%`: 1QJRVV:%6VJHV_%1HQJHV`JVJQ :IIVJ CV I: 1W`V  Q`$:J1_%V5  CV  I: 1W`V  VJ  %]VJ1QJ5  CV  %G :JHV  :

:V]C%1CV  1]%CX_%VC: Q :C1 XRVV:%6%XV]`QR%1 VRQ10VJ Y `V `:1 XV8%V`V=V  R1`VH ]:` VI]VHRV``C%VJ JQJ `:1 XQJ 1J V`R1 :1J1_%VC1J `%1QJRV:%6]C%01:CV R:JCV`XV:%6RV:%6%XV `1H V8J`1J5C:_%:C1 XRV`V=V RQ1 ]V`IV `VRV: 1`:1`V:%6 QG=VH 1`RV_%:C1 XRVV:%6`XHV] `1HV8

!V :``Y XJV`16V]:RVJQ`IVRV `:1 VIVJ ]Q%`C:

%V:%Q1`V;`V :$JVR  1I]QV:%6 : 1QJRX]%`: 1QJRVJ10V:%6RV`V=V ]C% X0W`V_%VC:`X$CVIVJ : 1QJJ: 1QJ:CV8JV``V 5CVJ10V:%RV`V=V R%].Q].Q`V Q :CV `16X; I$L%`CV : 1QJHQI]`1VVJ `VV CV I$L]Q%`CV : 1QJRV]C%RV C5:J`:1`V`X`X`VJHV;RV`VJRVIVJ I1J1I%I8

VCQJCV:R 5CVQ%0`:$VR::1J1VIVJ RV]C%RV+%`CVG:1J0V`:J  R%%1$JQJR%VC:7RQ10VJ RQJHY `VX_%1]XRV7 WIVRV `:1 VIVJ R%].Q].Q`V8  !V RQH%IVJ J1I]QV]:RVJQ`IVRV `:1 VIVJ RVC:

8888 'V :``Y X ]`X`VH Q`:%6

V]`X`V R:JCVH:R`VRVC1J `%H 1QJRVRQ1V`RVRXHC:`: 1QJQ%R:% Q`1: 1QJ:% 1 `VRV C:` 1HCVRR%!QRVRVCJ01`QJJVIVJ ]V% `16V`RV0:CV%`]C%X0W`V_%VCV0:CV%` I1J1I:CVRVC:``Y XR%=%1J 8!V V1 %: 1QJV HQ%`:J VRWCQ`_%VCVI1C1V%`XHV] V%` R%`V=V JVR1]QV]:RVH:]:H1 XX]%`: Q1`VQ%RVR1C% 1QJ%``1:J V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 :1J1VIVJ HQCCVH 1`

8888 #6]CQ1 : 1QJRV Q%0`:$V

%`  CV  V``1 Q1`V  R%  5  CVJVIGCV  RV   : 1QJ  RX]%`: 1QJ  V  V6]CQ1 X  VJ  `X$1V  R1`VH V  ; CV6HV] 1QJHVCCVRV0%J1W`V^71GV7`V_V R%!.:IGQJ%`1$JQJ8

8888 : 1QJ RX]%`: 1QJR :]:H1 X !:` V 7:1J1VIVJ HQCCVH 1`

VR1IVJ1QJJVIVJ R%JV : 1QJRX]%`: 1QJ5HV ;R1`V:H:]:H1 XJQI1J:CVRV `:1 VIVJ  X :GC1 :% `:0V`RV `Q1XCXIVJ %10:J 7

 %:H:]:H1 XJQI1J:CVQ`$:J1_%V5  _%1HQ``V]QJR:%6_%:J 1 XRV]QCC% 1QJV6]`1IXVVJ 0>2 _%VC: : 1QJRX]%`: 1QJV H:]:GCVRV `:1 V`5R:JRVHQJR1 1QJJQ`I:CVRV `QJH 1QJJVIVJ 8!V VH.:`$V]V% Y `VRX]:XV]QJH %VCCVIVJ :J_%VHVC:JVJ%1V;C: _%:C1 X  R%  `V=V 8 :  H:]:H1 X  JQI1J:CV  Q`$:J1_%V  X :GC1  VJ :]]C1H: 1QJ RV  `W$CV  RV R1IVJ1QJJVIVJ :H %VCCVIVJ :RI1V8-Q%`CVQ%0`:$VCV]C%:JH1VJ5C:H:]:H1 X JQI1J:CVQ`$:J1_%VV6]`1IXVVJa$0>2 8=]V% Y `V1J`X`1V%`V;HV_%VCCV:0:1 X XRX`1J1V CQ`RVC:HQJHV] 1QJRVCQ%0`:$V^V6VI]CV7 : 1QJRX]%`: 1QJR%!.:IGQJ%`1$JQJV  RV0%J1W`V_8

 %:H:]:H1 XJQI1J:CV.7R`:%C1_%V5 _%1HQ``V]QJR:%0QC%IV=Q%`J:C1V`V6]`1IXVJIL=V  :%RXG1 RV]Q1J VV6]`1IXVJIL._%VC: : 1QJV H:]:GCVR:HHV] V`5:J_%VHVC:JV J%1V:%6]V``Q`I:JHVX]%`: Q1`V8:H:]:H1 XJQI1J:CV.7R`:%C1_%VV X$:CVIVJ RX`1J1V VJ:]]C1H: 1QJRV`W$CVRVR1IVJ1QJJVIVJ :H %VCCVIVJ :RI1V8

 %:JQ 1QJRX_%10:CVJ .:G1 :J ^+_ V %JV%J1 X_%1`X$CVIVJ :1`VIVJ HQ``V]QJR;C: ]QCC% 1QJ  RV    $  RV  0>2 L=8  !V V  JQ 1QJ  V  Q%0VJ  ;  CQ`1$1JV  RV  $`:JRV 1JHQI]`X.VJ1QJ:%]`WR%$`:JR]%GC1HV RVXC%8JV``V 5%JX_%10:CVJ .:G1 :J JV  ]:C:]QCC% 1QJ]`QR%1 V]:`%J.:G1 :J 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L Capacité épuratoire Capacité Date de mise Maître d'ouvrage Organique DBO5 Équivalents % du bassin hydraulique en service kg/jours habitants versant m³/jours ARAULES 36,0 120,0 600 2,0 01/10/1979 ARAULES 19,8 50,0 330 1,1 01/05/1990 6,0 15,0 100 0,3 01/06/1989 CHENEREILLES 7,2 18,0 120 0,4 01/12/2009 DUNIERES 195,0 582,0 1583 5,4 01/10/1974 FAY-SUR-LIGNON 16,8 42,0 280 1,0 01/06/1987 FAY-SUR-LIGNON 7,8 19,5 130 0,4 01/12/1994 GRAZAC 9,2 25,5 170 0,6 01/12/1994 GRAZAC 36,0 120,0 600 2,0 13/02/1995 60,0 173,0 1000 3,4 01/10/2000 LAPTE 6,0 15,0 100 0,3 01/06/1981 LAPTE 9,0 22,5 150 0,5 26/10/2005 LE CHAMBON-SUR-LIGNON 134,0 906,0 2233 7,6 01/06/1978 LE MAS-DE- 7,2 22,0 120 0,4 01/06/1988 4,8 12,0 80 0,3 01/06/1999 108,0 300,0 1800 6,1 01/12/1992 LES VILLETTES 3,6 9,0 60 0,2 15/01/2007 MAZET-SAINT-VOY (LE) 100,0 180,0 1670 5,7 01/10/1985 MAZET-SAINT-VOY (LE) 1,8 4,5 30 0,1 01/01/1994 MAZET-SAINT-VOY (LE) 3,0 7,5 50 0,2 01/01/1997 MAZET-SAINT-VOY (LE) 3,0 7,5 50 0,2 01/07/1999 MAZET-SAINT-VOY (LE) 6,0 15,0 100 0,3 10/03/2008 MONTFAUCON-EN-VELAY 108,0 270,0 1800 6,1 15/11/2007 MONTREGARD 7,2 18,0 120 0,4 01/01/1995 RAUCOULES 18,0 45,0 300 1,0 01/06/1988 RAUCOULES 14,4 36,0 240 0,8 01/06/1989 RAUCOULES 10,8 27,0 180 0,6 17/04/2006 RAUCOULES 6,0 15,0 100 0,3 01/01/1998 RAUCOULES 3,6 12,0 60 0,2 01/01/2000 RIOTORD 66,0 165,0 1100 3,7 01/01/2000 SAINT-JEURES 12,0 30,0 200 0,7 01/07/1987 SAINT-JEURES 7,2 18,0 120 0,4 01/07/1988 SAINT-JEURES 7,2 18,0 120 0,4 01/02/1993 SAINT-JEURES 12,0 45,0 200 0,7 02/01/2006 SAINT-JEURES 6,0 15,0 100 0,3 01/01/1999 SAINT-JULIEN-MOLHESABATE 6,0 16,5 100 0,3 01/03/2000 SAINT-MAURICE-DE-LIGNON 270,0 965,0 4500 15,3 01/06/2006 SAINT-MAURICE-DE-LIGNON 3,6 9,0 60 0,2 01/01/1996 SAINT-MAURICE-DE-LIGNON 13,5 33,8 225 0,8 01/09/2003 SAINT-PAL-DE-MONS 28,2 70,5 470 1,6 01/06/1987 SAINT-PAL-DE-MONS 3,3 9,0 60 0,2 01/01/1993 SAINT-PAL-DE-MONS 3,0 7,5 50 0,2 01/01/1997 SAINT-PAL-DE-MONS 114,0 485,0 1900 6,5 01/01/2011 SAINT-REGIS-DU-COIN 7,5 18,0 120 0,4 01/01/1999 SAINTE-SIGOLENE 240,0 600,0 4000 13,6 01/08/1998 TENCE 118,0 720,0 1967 6,7 01/07/1986 TOTAL 1865,7 6314,3 29448 100,0 ?:GCV:%7!:]:H1 XX]%`: Q1`VRVQ%0`:$VR::1J1VIVJ HQCCVH 1`

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L VHQII%JVRV;:`5!.:I]HC:%V5=%V7`1W`V50V0VV 5:1J $`W0V51J$V:%65:1J JR`X R%10:`:15:1J >QJJV CVA`Q1R5;:`C.V5:1J 7QI:1J:H.:CIJQJ ]:RQ%0`:$VRV `:1 VIVJ  HQCCVH 1`%`CV V``1 Q1`VR%R%1$JQJR%VC:78

V`VJRVIVJ X]%`: Q1`VQJ CV_%:J 1 XR%J]:`:IW `V^0>2 5I: 1W`VVJ%]VJ1QJV H_ IV%`XV;C:Q` 1VRVC: : 1QJR;X]%`: 1QJR101XV]:`C:]QCC% 1QJIV%`XV;C;VJ `XVRV : 1QJ8 !V V1J`Q`I: 1QJV G:XV%`RV`VCV0X]QJH %VC`X:C1X]V%``X_%VIIVJ %`CV]V 1  Q%0`:$V8V`VJRVIVJ X]%`: Q1`VJVQJ RQJH]:`V]`XVJ : 1`R%`QJH 1QJJVIVJ :JJ%VC RVQ%0`:$VV JVQJ RQJH `:JI1]:`CV?8

V V``1 Q1`VR%HQI] V 7 WIVR::1J1VIVJ HQCCVH 1`_%1QJ X XI1VJV`01HVVJ `V  V 8!VRV`J1W`V:JJXV5CVHQII%JVR%G:1J0V`:J VQJ ]C%VJ$:$XVR:JRV ]`Q$`:IIV  RV  `VJQ%0VCCVIVJ  R:JH1VJJV   : 1QJ  RX]%`: 1QJ  0X % V  ^  -:C  RV  ;QJ5 ;QJ `:%HQJ501CC:$VRV;Q%C1J; IV%`V5R2%IV7;7:%HQ%CV5CVGQ%`$RV!.VJV`V1CCV__%V R:JC:HQJ `%H 1QJRVJQ%0VCCV : 1QJRX]%`: 1QJ8

Capacité en EH Nombre d'ouvrages Ouvrages % Capacité épuratoire % Entre 2000 et 10 000 EH 3 7 36 Entre 400 et 2000 EH 11 24 50 Inférieur à 400 EH 32 70 14 TOTAL 46 100 100 ?:GCV:%77X]:` 1 1QJRVQ%0`:$VVJ`QJH 1QJRVCV%`H:]:H1 XX]%`: Q1`V8

%`CVG:1J0V`:J R%1$JQJR%VC:75 QRVQ%0`:$VR::1J1VIVJ HQCCVH 1`QJ RV H:]:H1 X  X]%`: Q1`V  1J`X`1V%`V  ;    C  ^Q%  %JV  H:]:H1 X  JQI1J:CV  Q`$:J1_%V  RV   a$0>2 L=Q%`_8V%C QRVQ%0`:$VQJ RVH:]:H1 XIQ7VJJVHV ;R1`V%]X`1V%`V;C8 %H%JV : 1QJRX]%`: 1QJRVH:]:H1 X%]X`1V%`V;CJV ]`XVJ V%`CVG:1J0V`:J 8

:I:=Q`1 XRVH:]:H1 XX]%`: Q1`VR%G:1J0V`:J ^ Q_HQ``V]QJR:%6Q%0`:$VR%JV H:]:H1 XHQI]`1VVJ `VV C8

8888 -7]V RV `:1 VIVJ X]%`: Q1`V

Type de traitement Nombre d'ouvrages Ouvrages % Capacité épuratoire % Lagunage naturel 16 35 16 Filtre planté de roseaux 6 13 8 Filtre enterré 13 28 32 Lit bactérien à faible charge 1 2 1 Boues activées 10 22 43 TOTAL 46 100 100 ?:GCV:% 7?7]VRV `:1 VIVJ X]%`: Q1`V]`XVJ %`CV1$JQJR%VC:7

:I:=Q`1 XRVC:H.:`$VQ`$:J1_%V `:1 XV%`CVG:1J0V`:J HQ``V]QJR:%6Q%0`:$VRV 7]V GQ%V  :H 10XV8  !V  Q%0`:$V  QJ  :R:] X  :%  `:1 VIVJ  RV  H.:`$V  IQ7VJJV ;  `W  `Q` V ^%]X`1V%`V;X_%10:CVJ .:G1 :J _8

V]V 1 Q%0`:$VQJ ]`1JH1]:CVIVJ %`RV7 WIVRV 7]VC:$%J:$VJ: %`VC5`1C `VVJ V``X Q%`1C `V]C:J XRV`QV:%68!V%6RH1QJ :R:] X:% `:1 VIVJ RVH.:`$V]C%`:1GCV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 -7]V RV`X V:%6

-C%1V%` 7]VRV`XV:%6QJ X X`VHVJXVJ:IQJ RVH.:H%JRVQ%0`:$VR;::1J1VIVJ 7

 `XV:%6%J1 :1`V5RQJ :R:] X:%6]XH1`1H1 XRVCQ%0`:$VR;::1J1VIVJ 5

  I16 VRQJ  `Q1I16 V:R:] X:%`QJH 1QJJVIVJ RVCQ%0`:$VR::1J1VIVJ V  I:=Q`1 :1`VIVJ X]:`: 1`5

 X]:`: 1`5

 JQJ]`XH1X8

2J:]]VCCV`XV:%%J1 :1`V%J`XV:%HQCCVH :J 1I%C :JXIVJ CVV:%6%XVV CVV:%6]C%01:CV ]Q%`CV `:J`X`V`;CQ%0`:$VR::1J1VIVJ HQCCVH 1`8

J`XV:%X]:`: 1`V HQJ 1 %XR%J`XV:%HQCCVH :J CVV:%6]C%01:CV]Q%`CV`V=V V`0V`CV I1C1V%J: %`VCX0VJ %VCCVIVJ :]`W `:1 VIVJ V R%J`XV:%HQCCVH :J CVV:%6%XV]Q%`CV `:J`X`V`0V`C: : 1QJRX]%`: 1QJ8

J`XV:%I16 VV HQJ 1 %XRVRV%6 7]VRV`XV:%]`XHXRVJ VCQJCVVH V%`RVC:HQII%JV8

: ]:` 1H%C:`1 X  RV  `XV:%6 %J1 :1`V  V _%VJ H:  R;X0XJVIVJ   ]C%01V%65 RV  0QC%IV RV:% 1I]Q` :J QJ  `:J`X`X0V`C: : 1QJRX]%`: 1QJ80:JHV` :1JH:5CV0QC%IV `:J`X`XQJ  %]X`1V%`:%60QC%IV:HHV] :GCV]:`C: : 1QJRX]%`: 1QJ8VV:%6QJ :CQ`R1`VH VIVJ  `VJ0Q7XV0V`CVI1C1V%J: %`VC:J `:1 VIVJ 5VCCVQJ HG7R]:XVI80:JR:% `VH:5CV  : 1QJRX]%`: 1QJQJ RVH:`:H X`1 1_%VJXHV1 :J RV`Q` 0QC%IVRV:%]Q%``QJH 1QJJV`5 HQIIVCVC:$%J:$V80:JHVH:5VJH:R;X0XJVIVJ ]C%01V%65CVV:%6JVQJ ]:G7R]:XVV  CV`QJH 1QJJVIVJ R%`XV:%V R1 :R:] X:%6]XH1`1H1 XRVCQ%0`:$V8

888 8 ':$V 1QJRV GQ%V RX]%`: 1QJ

?Q% V`1C1W`VRX]%`: 1QJ]`QR%1 RVI: 1W`VQ`$:J1_%V1%VR%]`QHV%RX]%`: 1QJ8-C%Q% IQ1JI1JX`:C1XV5HVGQ%V`QJ CQG=V CVIQIVJ 0VJ%R%JV0:CQ`1: 1QJ:$`1HQCV%`C:G:VR% 0QCQJ :`1: 8%]`X:C:GCV5%J]C:JRX]:JR:$V:%`:X XX :GC18

 0:JCVH:RVQ%0`:$VRX]%`: 1QJRV 7]V`1C `VVJ V``X5Q1 Q%0`:$V%`CVG:1J 0V`:J 5  CV  GQ%V  ]`1I:1`V5  QJ  $XJX`:CVIVJ  HQJ1RX`XV  HQIIV  RV  I: 1W`V  RV 01R:J$VV %10VJ RQJH%JV0Q1VRXC1I1J: 1QJ]XH1`1_%V5HV ;R1`V%JV:RI11QJVJ  : 1QJRX]%`: 1QJ:] V;CV`VHV0Q1`8

 0:JCVH:RQ%0`:$VRV 7]VC:$%J:$VJ: %`VCQ%`1C `V]C:J XRV`QV:%65Q1 Q%0`:$V5 CVGQ%VQJ V6 `:1 V]C%1V%`:JJXV:]`WC:I1VVJV`01HV8V]C:JRX]:JR:$V `X$CVIVJ :1`VV`:X :GC1%J:J:0:J _%VCQ]X`: 1QJRVH%`:$VJ1J V`01VJJV8VQ%0`:$V RV1CCV VV RV7:%HQ%CVVJV R%;:RV?VJHVVJ QJ `:1 CQG=V R%JV VCCV Q]X`: 1QJ8

 -Q%`CVQ%0`:$VRV 7]VGQ%V:H 10XV5CVGQ%VQJ V6 `:1 VRV`:MQJ.VGRQI:R:1`V5 0Q1`_%Q 1R1VJJV]Q%`CVQ%0`:$VCV]C%1I]Q` :J 8CCVRQ10VJ Y `V QH@XV5]:``Q1 RX.7R`: XVV H.:%CXV5:`1JRV]V`IV `VC:`X:C1: 1QJRVRV%6H:I]:$JVRX]:JR:$V ]:`:J8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L VCQJCV?RVC:% VQ1`V5]Q%`CVQ%0`:$VRV`:<:HX`Q 5CVGQ%`$RV:] V5V GQ%`$RV;QJ `:%HQJVJVC:75CVGQ%`$RV ;:%`1HVRV1$JQJ5:1J V1$QCWJV:G= 1VV  CVGQ%`$RV?VJHV5CV`1C1W`VGQ%VV CV]C:JRX]:JR:$VQJ `QJH 1QJJVC8

-Q%`CQ%0`:$VRV0%J1W`V;C:71GV7`V5%JV`X`CV61QJV VJHQ%` ]Q%`%JH%`:$V;HQ%`  V`IVRVGQ%V8%;:

888 8 #``1H:H1 XR%HQ%]CV : 1QJRX]%`: 1QJR`X V:%

JV:J:C7V:X X`X:C1XV]:`CV?RVC:C:% VQ1`VVJ%`C;V``1H:H1 XRV7 WIV R;::1J1VIVJ 8!VQGV`0: 1QJQJ `X:C1XV%`C:G:VR%`V]VH RVC:`X$CVIVJ : 1QJV RV HQJJ:1:JHVRV6]V` R%?HQJHV`J:J CV`QJH 1QJJVIVJ RVQ%0`:$VR::1J1VIVJ :1J1 _%V%`CVI1C1V%6`XHV] V%`8!V V:]]`XH1: 1QJR%`QJH 1QJJVIVJ RVQ%0`:$VV RQJH]C% V61$V:J V_%VC:V%CV`VH.V`H.VR%`V]VH RVC:`X$CVIVJ : 1QJ8

:`X$CVIVJ : 1QJ^:``Y XR%=%1J _`16V5VJ`QJH 1QJRVH:]:H1 XRV : 1QJRX]%`: 1QJ5 RV``X_%VJHV]Q%`C:%`0V1CC:JHVRVC:_%:C1 XRV`V=V 8QJ IV%`XCVHQJHVJ `: 1QJVJ I: 1W`VVJ%]VJ1QJ^;_5CV]:`:IW `V0>2 V 0!2]V`IV :J RX0:C%V`C:_%:C1 XR% `:1 VIVJ R%H:`GQJVRVC: : 1QJR;X]%`: 1QJ:1J1_%VCV]:`:IW `VJ1 `: VV ].Q].Q`V8

V``X_%VJHVRV%`0V1CC:JHVQJ CV%10:J V7

 RV; X_%10:CVJ .:G1 :J 7 Q%CVRV%6:J5

 RV ;X_%10:CVJ .:G1 :J 7`VCV0X]:`:J5

 RV;X_%10:CVJ .:G1 :J 7`VCV0X]:`:J5

 RV;X_%10:CVJ .:G1 :J 7`VCV0X]:`:JV IV%`VRVRXG1 VJ `:J VJ HQJ 1J%8

V!QJV1CXJX`:CRVC:C:% VQ1`VXIV HQIIVHQJR1 1QJRV`1J:JHVIVJ RVQ%0`:$V5C:I1VVJ ]C:HV  RV  7 WIV  RV  IV%`V  RV  RXG1   VJ `:J   R:J  CV   : 1QJ  RX]%`: 1QJ  RV  H:]:H1 X %]X`1V%`V;X_%10:CVJ .:G1 :J 8

VJVIGCV  RV  Q%0`:$V  R%  G:1J  0V`:J  `V]VH VJ  CV  JQ`IV  RV  `V=V  RX`1J1V  ]:`  C: `X$CVIVJ : 1QJ  .Q`I1  CV  HQII%JV  :7:J  %J  `V=V  RV:%6  %XV  R1`VH VIVJ  R:J  CV  I1C1V% `XHV] V%`]:` VI]VH8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   7 WIVR::1J1VIVJ HQCCVH 1`%]X`1V%`;+ 

V : 1QJRX]%`: 1QJ%]X`1V%`;X_%10:CVJ .:G1 :J 5HQJ`Q`IXIVJ :%0R  5RQ10VJ `X:C1V`%J `:1 VIVJ VHQJR:1`VR%].Q].Q`V8

Fonctionnement global station Ouvrage Fonctionnement global réseau d'épuration Intrusion d'eaux claires en période hivernale Chambon sur Ouvrage fonctionnel avec rejet de très provoquant 249 jours de surverse pour Lignon Bourg bonne qualité l'année 2010 Saint Maurice Ouvrage fonctionnel avec rejet de très Condition de fonctionnement très de Lignon bonne qualité satisfaisantes Bourg Ouvrage fonctionnel avec rejet de très Sainte Sigolène bonne qualité ; Surverse non équipées Diagnostic des réseaux en cours d'autosurveillance Intrusion d'eaux claires en période hivernale Rejet de très bonne qualité, provoquant 243 jours de surverse pour concentrations maximales du rejet Tence Bourg l'année 2010 ; des travaux sur le réseau ont respectées, rendement minimal pas été d'ores et déjà réalisés mais restent toujours atteins insuffisants Intrusion d'eaux claires en période hivernale Rejet de bonne qualité sauf pour le Dunières La provoquant de nombreuses surverse ; pas phosphore en raison de la non mise en Ribeyre d'autosurveillance permettant de quantifier service de l'unité de déphosphatation ces surverses ?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJR`XV:%]Q%`CVQ%0`:$V%]X`1V%`;C

VJVIGCVRVQ%0`:$V`V]VH VJ HVQGC1$: 1QJ`X$CVIVJ :1`V8'C`:%  Q% V`Q1Q%C1$JV`_%VCV JQ`IVRV`V=V G:XV%`C:`X$CVIVJ : 1QJQJ ]V%`V `1H 10V8

VHQII%JVRV?VJHVV R%!.:IGQJ%`1$JQJRX0V`VJ CV%`V:%6%XVR1`VH VIVJ R:JCV I1C1V%J: %`VCCVRV%6 1V`RVC:JJXVVJ`:1QJR%J`XV:%%G1:J RV1J `%1QJRV:%6HC:1`V8 0V `:0:%6QJ RQ`VV RX=;X X`X:C1X%`C:HQII%JVRV?VJHVV HV%6RH1V`QJ ]Q%`%1018

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   7 WIVR::1J1VIVJ HQCCVH 1`HQI]`1VJ `VV + 

'CJ7:]:RVJQ`IVRV`V=V `X$CVIVJ :1`VHQJHV`J:J C:

Fonctionnement station Traitement du Ouvrage Fonctionnement réseau d'épuration phosphore Pas de possibilité Ouvrage datant de 2011 Saint Pal de Étude de diagnostic des d'adapter une filière fonctionnel délivrant un rejet de Mons Bourg réseau à venir sur la station très bonne qualité d’épuration existante

Ouvrage fonctionnel délivrant un Intrusion d'eaux claires en rejet de très bonne qualité période de hautes eaux Unité de Montfaucon en Fonctionnement ponctuellement provoquant de nombreuses déphosphatation Velay bourg perturbé par des arrivées d'eaux surverse ; travaux préconisés existante, traitement industrielles, des négociations dans le diagnostic de réseaux fonctionnel avec l'industriel sont en cours en cours de réalisation

Ouvrage fonctionnel délivrant un Unité de rejet de très bonne qualité, débit déphosphatation Mazet Saint Voy d'étiage du milieu récepteur très Réseau collectant beaucoup existante, traitement Bourg faible, le rejet provoque donc une d'eaux parasites fonctionnel en période dégradation de la qualité du d'étiage cours d'eau Pas de possibilité d'adapter une filière Les Villettes Rejet conforme à la Bon fonctionnement, réseau sur la station bourg réglementation adapté à la filière d’épuration existante (lagunage) Pas de possibilité Fortes entrées d'eaux claires d'adapter une filière Rejet conforme à la parasites favorisant ici le bon Riotord bourg sur la station réglementation fonctionnement des ouvrages d’épuration existante d'épuration (lagunage)

Réseau collectant beaucoup Unité de Ouvrage fonctionnel délivrant un d'eaux parasites Réalisation déphosphatation Lapte bourg rejet de très bonne qualité d'une étude de diagnostic à existante non mise envisager en service ?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJ`XV:%]Q%`CVQ%0`:$VHQI]`1VJ `VV  C

V7 WIVR::1J1VIVJ RVGQ%`$RV -:CRV;QJ5V1CCV VV 71Q Q`RQJ `QJH 1QJJVC V ]`XVJ VJ RV`V=V RV `WGQJJV_%:C1 X8V7 WIVR::1J1VIVJ R%;:

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L   7 WIVR::1J1VIVJ HQCCVH 1`HQI]`1VJ `VV + 

Ouvrage Fonctionnement station d'épuration Fonctionnement réseau Conditions de fonctionnement correcte Nécessité de réalisation d'un curage de Araules bourg l'ouvrage Nécessité de traitement Réseau repris récemment complémentaire en lien avec la sensibilité du milieu récepteur Fortes entrées d'eaux claires parasites Araules Recharinges Bonnes conditions de fonctionnement favorisant ici le bon fonctionnement des ouvrages d'épuration Très bonnes conditions de fonctionnement Chenereilles Bourg Bonnes conditions de fonctionnement parfaite Infiltration du rejet Dimensionnement constructeur ne respecte Fay sur Lignon Bourg Est pas les règles de conception. Rejet de Bonnes conditions de fonctionnement bonne qualité. Fay sur Lignon Bourg Ouest Rejet de bonne qualité Bonnes conditions de fonctionnement Entrées d'aux claires parasites en période Bonnes conditions de fonctionnement, rejet Grazac Vérot (bourg) de nappe haute provoquant des surverses de bonne qualité d'eaux usées non traitées Fonctionnement global satisfaisant Conditions de fonctionnement Grazac Villedemont Traitement complémentaire par fossé satisfaisantes végétalisé Condition de fonctionnement parfaite Lapte La Vernelle Condition de fonctionnement parfaite Infiltration du rejet Fonctionnement global correct Eaux claires Fonctionnement global correct Problème de parasites seront intégrées dans le réseaux Le Mas de Tence bourg présence de lentille d'eau à régler pour pour améliorer le fonctionnement de améliorer le fonctionnement l'ouvrage d'épuration Montregard Bourg Fonctionnement global correct Fonctionnement global correct Bonnes conditions de fonctionnement Raucoules Les Ribes Curage de l'ouvrage d’assainissement à Bonnes conditions de fonctionnement court terme Fonctionnement global correct Traitement Raucoules Lestand (bourg) Fonctionnement global correct complémentaire par fossé végétalisé Beaucoup d'eaux claires parasites en Raucoules Oumey Rejet d'une très bonne qualité période de hautes eaux. Ouvrage d’épuration offre un traitement insuffisant au vue de la sensibilité du milieu Saint Jeures Bourg Fonctionnement global satisfaisant récepteur ; curage à réaliser ; études en cours Saint Jeures Freycenet Fonctionnement global correct Fonctionnement global correct Défauts de conception et mauvaise dénitrification de la station ; maître d'ouvrage Saint Jeures Les Moulins Fonctionnement global correct en procédure de contentieux avec l'entreprise ayant réalisé les travaux Saint Jeures Pélinac Fonctionnement global correct Fonctionnement global correct Fonctionnement global satisfaisant Saint Maurice de Lignon Traitement complémentaire par fossé Fonctionnement global satisfaisant Cublaise végétalisé Saint Pal de Mons Lichemaille Fonctionnement global correct Bonnes conditions de fonctionnement Saint Régis du Coin non communiqué non communiqué ?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJ`XV:%]Q%`CVQ%0`:$VHQI]`1VJ `VV  C

CQG:CVIVJ 5  %`  CV  G:1J  0V`:J  HV  Q%0`:$V  R::1J1VIVJ  QJ  `QJH 1QJJVC8  V `QJH 1QJJVIVJ RV_%VC_%VQ%0`:$V]Q%``:JX:JIQ1JY `V:IXC1Q`X8

%`C:HQII%JVR`:%CV5C:C:1 V`1VX`VJ V]QWRV%J`V=V 1I]Q` :J R:JCVIYIVI1C1V% `XHV] V%`_%VC: : 1QJRX]%`: 1QJHQCCVH 1`R%GQ%`$80VHV`:1 5CVX0VJ %VCCV:IXC1Q`: 1QJ%` CQ%0`:$VHQII%J:C:%`QJ %J$:1JVJ01`QJJVIVJ :C`VC: 1`8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L   7 WIVR::1J1VIVJ HQCCVH 1`1J`X`1V%`;+ 

:J:C7V%10:J VV G:XV%`CV011 V]QJH %VCCVV V6]V` 1V`X:C1XV]:`CV?8

Ouvrage Fonctionnement station d'épuration Fonctionnement réseau

Ouvrage difficilement exploitable nécessitant un Lapte Verne curage. Réflexion en cours au niveau communale sur le devenir de l'ouvrage

Chaudeyrolles le Bourg Rejet de bonne qualité Très bonnes conditions de fonctionnement Saint Jeures La Jeanne Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Mazet Saint Voy Mazelgirard Très bonnes conditions de fonctionnement Très bonnes conditions de fonctionnement Raucoules Treyches Bonnes conditions de fonctionnement Bonnes conditions de fonctionnement Ouvrage n'ayant jamais fonctionné correctement, réhabilitation de l'ouvrage en étude ; rejet de qualité correcte de par la faible charge et par Grandes quantités d'eaux claires parasites Saint Julien Molhesabate Bourg dilution des eaux brutes collectées. Les Vastres Bourg Bonnes conditions de fonctionnement Bonnes conditions de fonctionnement

Rejet de qualité médiocre avec un impact faible Bonnes conditions de fonctionnement sur le milieu récepteur ; traitement Raucoules Les Lardons complémentaire à mettre en place à moyen terme Saint Maurice de Lignon La Faurie Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Saint Pal de Mons Jourdy Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Mazet Saint Voy Mazalibrand Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Mazet Saint Voy Fourmourette Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Saint Pal de Mons ZA des pins Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Mazet Saint Voy La Cheze Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes Les Villettes Crossac Conditions de fonctionnement satisfaisantes Conditions de fonctionnement satisfaisantes ?:GCV:% 7AQJH 1QJJVIVJ HQ%]CV : 1QJRX]%`: 1QJ`XV:%]Q%`CVQ%0`:$V1J`X`1V%`;C

CQ`I1CVQ%0`:$V%`CVHQII%JVRV7:%HQ%CV5:1J I%C1VJ;QC.V:G: VV :] VQ&RV `:0:%6RVQ%0`:$VRX]%`: 1QJQJ ;VJ01:$V`5CVJVIGCVRVHV7 WIVR;::1J1VIVJ QJ  : 1`:1:J 8

888 8 #``C%VJ 1JR% `1VC

;$VJHVRVC;:%Q1`V>`V :$JVX :GC1 %JVC1 VRVX :GC1VIVJ 1JR% `1VC^ X :GC1VIVJ  %`CV V``1 Q1`VR%_`VRV0:GCV:% 1 `VRVC:]QCC% 1QJRVV:%68 eaux usées Nom industrie Localisation Nature activité rejetées Fabrication d'autres vêtements et EURALIS SAS Domestiques accessoires Préparation industrielle de LES MONTS DE LA ROCHE SAS TENCE Industrielles produits à base de viande Industries Préparation industrielle de SA SALAISONS DU LIGNON ST MAURICE DE LIGNON Industrielles raccordées produits à base de viande Préparation industrielle de SALAISONS AB SARL ST MAURICE DE LIGNON Industrielles produits à base de viande Préparation industrielle de SOUCHON D'AUVERGNE ST MAURICE DE LIGNON Industrielles produits à base de viande APM MONTFAUCON SAS MONTFAUCON EN VELAY Mécanique générale Domestiques Industries non LAITERIE DES MONTS raccordées ARAULES Fabrication de beurre Industrielles YSSINGELAIS GERENTES SA Industries avec un raccordement ETS VIAL FRERES SAS DUNIERES Visserie et boulonnerie Domestiques inconnu ?:GCV:%71 VRV1JR% `1VQ%I1V;C:`VRV0:JHVRVC$VJHVRVC:%Q1`V>`V :$JVVJ 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L V  1JR% `1V  %`:C15  -;  V  1:C  A`W`V  `V=V VJ  %J1_%VIVJ  RV  V:%6  %XV  RQIV 1_%V ^:J1 :1`V_RVCV%`CQH:%68V:% `V `%H %`V`V=V VJ RVV:%61JR% `1VCCV1%VRVCV%` ]`QHVRV`:G`1H: 1QJ:0VHRV0QC%IVG1VJ]C%XCV0X8

%`CV  V``1 Q1`V R%QJHQI] :G1C1V 1JR% `1V`:HHQ`RXV :%`XV:%HQII%J:C%`CV HQII%JV  RV  ?VJHV5  1J$V:%6  V    ;:%`1HV  RV  1$JQJ5    1JR% `1V  JQJ  `:HHQ`RXV  V   1JR% `1VRQJ C:RV 1J: 1QJV ]Q VJ 1VCCVIVJ C: : 1QJHQII%J:CVI:1:JHQJ`1`I: 1QJRV C$VJHVRVC:%8

V1J`Q`I: 1QJHQJHV`J:J CV0QC%IV`V=V X:1J1_%VCVH.:`$VRVHVV:%6%XVIV%`XJV QJ I1;R1]Q1 1QJR%]%GC1H8

J%RVHV1JR% `1V51CV61 VRVR7`QJH 1QJJVIVJ :%J10V:%RV : 1QJRX]%`: 1QJRV HV` :1JVHQII%JVVJC1VJ:0VHRV`V=V ]QJH %VCI:CI:4 `1X8!V` :1JVHQII%JVQ%.:1 VJ  HQJJ:4 `VCV0QC%IV`V=V X]:`CV1JR% `1V:`1JRVI1V%6CV$X`V`R:JCV : 1QJRX]%`: 1QJ8 -Q%`HVC:5%JV HQJ0VJ 1QJ]V% Y `V]:XVVJ `VC:HQII%JVV C1JR% `1VC8:HQII%JVRV ;QJ1 `QC%`Q1`VV :H %VCCVIVJ VJ `:1JRVIV `VVJ]C:HVHV7 WIV8

888 8 H.XI:R1`VH V%`R: :1J1 VIVJ !:` V 7H.XI:R1`VH V%`R::1J1VIVJ V ::1J1VIVJ JQJHQCCVH 1`

V  X %RV  RV  H.XI:  R1`VH V%`  R;::1J1VIVJ  QJ  ]Q%`  QG=VH 1`  R:J:C7V`  CV61 :J  V  RV ]`Q]QV`:%6XC%CVQC% 1QJCVI1V%6:R:] XV;C:HQCCVH VV :% `:1 VIVJ RVV:%6%XV8!V X %RV]V%0VJ RQJJV`%1 V;C:0:C1R: 1QJR%J

%`CV V``1 Q1`VR%5V%CVCVHQII%JVRV!.:%RV7`QCCV5A:7%`1$JQJ5VI:RV?VJHV5 =%V7`1W`V57:%HQ%CV5:1J GQJJV CVA`Q1R5:1J IV%`V5:1J =%C1VJ;QC.V:G: VV ?VJHVJQJ  ]:`X:C1XVRVH.XI:R1`VH V%`R::1J1VIVJ 8

0V]%1 5R:JCVH:R`VRV:]QC1 1_%VRV`1J:JHVIVJ RV `:0:%6R;::1J1VIVJ 5CV!QJV1C XJX`:CV61$V_%VCVX %RV:7:J ]C%RV :JQ1VJ :H %:C1XV8:I1VVJVJ_%Y V]%GC1_%VRV

888 8 /1C:JRV VJ=V%6HQJHV`J:J C: :1J1 VIVJ HQCCVH 1`

CQG:CVIVJ CV7 WIVR::1J1VIVJ HQCCVH 1``QJH 1QJJVJ R:JRVGQJJVHQJR1 1QJ5I:1C: ]`QGCXI: 1_%VC1XV;C1J `%1QJRV:%6HC:1`V]:`:1 VR:JCV`XV:%6R::1J1VIVJ HQJ 1 %V %JVJ=V%I:=V%`8!VCCVRH1QJ JQ :IIVJ ;CQ`1$1JVRV]V` VRV]QCC% 1QJVJ VI]VH01:CV RX0V`Q1`RQ`:$V5HV_%1HQJ 1 %V %JVJQJRHQJ`Q`I1 X`X$CVIVJ :1`V:%VJRVC::1`VH 10V%` CVV:%6`X1R%:1`V%`G:1JVV C:``Y XR%=%1J 8  %RRVC;RV:]VH `X$CVIVJ :1`V5CV RX0V`VIVJ RV:%6%XVG`% VIYIVR1C%XV501:CVRX0V`Q1`RQ`:$V 1I]:H VR1`VH VIVJ C: _%:C1 XR%I1C1V%`XHV] V%`8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L VVJ=V%6HQJHV`J:J C;::1J1VIVJ HQCCVH 1`I1VJ0:CV%`]:`CVV`01HVR%?R%!QJV1C XJX`:CRVC:C:% VQ1`VQJ CV%10:J 7

  J=V%6     7`1:G1C1V`CV`QJH 1QJJVIVJ RV`XV:%6R::1J1VIVJ 

!V  VJ=V%6  HQJHV`JV  CV  :$$CQIX`: 1QJ  R;::1J1VIVJ  CV  ]C%  1I]Q` :J V  JQ :IIVJ 7  V !.:IGQJ%`1$JQJ5?VJHV50%J1W`V5;QJ `:%HQJ5CV;:

VHQII%JVCV]C%1I]Q` :J VRQ10VJ ]Q%`%10`VCV `:0:1CVJ$:$X]Q%`C:C1I1 : 1QJRV VJ `XVRV:%6HC:1`V]:`:1 VR:JCV`XV:%6R::1J1VIVJ 8

V:H 1QJ]`1Q`1 :1`VQJ 7

 RVC1I1 V`CVVJ `XVRV:%6HC:1`V]:`:1 V6

 R:%`V`C:HQJ`Q`I1 XR%`QJH 1QJJVIVJ RVRX0V`Q1`RQ`:$V6

 RV C1I1 V` CV:]]Q`  RV:%6 ]C%01:CV  Q% VJ:%`:J  C: ]`Q VH 1QJRV G1VJ V  RV ]V`QJJV6

 RV$:`:J 1`C:_%:C1 XRV`X:C1: 1QJRV `:0:%6JV%`V RVG`:JH.VIVJ 6

 RVJ$:$V`CVI:4 `VRQ%0`:$VR:J%JVRXI:`H.VRVR1:$JQ 1H]V`I:JVJ 8

  J=V%6     7:IXC1Q`V`CV]V``Q`I:JHVRV : 1QJRX]%`: 1QJ 

VCQJ  CV6]V` 1V  R%  ?5  RV  `:0:%6  ]:``Q1  I1J1IV  QJ  ;  `X:C1V`  %`  CV  Q%0`:$V  RV HQII%JV%10:J V7`:%CV^CVGQ%`$_50%J1W`V^CVGQ%`$_5`:<:H^CVGQ%`$_5:] V^V`JV_5V !.:IGQJ%`1$JQJ^CVGQ%`$_5V1CCV V^CVGQ%`$_5V;:: 1V_5?VJHV^CVGQ%`$_8

  J=V%67:%`V`C:`1:G1C1 XR%`QJH 1QJJVIVJ RV : 1QJRX]%`: 1QJ 

:`1:G1C1: 1QJRV : 1QJRX]%`: 1QJV61 :J V]:V]:`7

 %JVI:4 `1VRV`V=V JQJRQIV 1_%V5

 C:$V 1QJRVQ%]`QR%1 RVCX]%`: 1QJ5

 -`X0VJ1`CVRX`:1CC:JHVXCVH `QIXH:J1_%V8

!QJHV`J:J CV$V 1QJRVQ%]`QR%1 RVCX]%`: 1QJ51CV 1I]Q` :J _%VCX]:JR:$VRVGQ%V V`:VR:JCVH:R`VR%J]C:JRX]:JR:$V`X$CVIVJ :1`V8

  J=V%67:%`V`C:I:4 `1VR%RX0VCQ]]VIVJ RVC::1J1VIVJ HQCCVH 1`

:`X:C1: 1QJRVX %RVRVH.XI:R::1J1VIVJ V RV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L VJVIGCVRVHQII%JV:7:J CV%``XV:%R::1J1VIVJ V`V=V :J R:JCVG:1J0V`:J R% 1$JQJR%VC:7QJ HQJHV`JXV]:`C:JXHV1 XRVC:`X:C1: 1QJQ%C:I1V;=Q%`RVCV%`X %RVRV H.XI:R::1J1VIVJ V RV

888 :1J1VIVJ JQJHQCCVH 1`

V V``1 Q1`VR%R%1$JQJR%VC:7V H:`:H X`1X]:`%J.:G1 : `VC: 10VIVJ R1``%V RQJH ]`Q]1HV;C::1J1VIVJ JQJHQCCVH 1`8VRQJJXVR1]QJ1GCV]V`IV VJ RV 1IV`_%VJ01`QJ  .:G1 : 1QJ`VCW0V`:1VJ RVC::1J1VIVJ JQJHQCCVH 1`8!VH.1```VV`:]`XH1X]:`CVV`01HV ]%GC1HRVC::1J1VIVJ JQJHQCCVH 1`VJ8

8888 6 : RV 

J:]]C1H: 1QJRVC:Q1%`C:%5CVHQII%JVRQ10VJ X :GC1`%J

VHQII%JV%10:J VQJ 0:C1RX%J

8888 QJ `TCVRVC: :1J1 VIVJ :% QJQIV

:Q1%`C;:%V CV;1C1V%6_%: 1_%V5R%RXHVIG`V V C:CQ1`VJVCCVR%I%1CCV 5 HQJ`Q` VV `VJ`Q`HVCVHQI]X VJHVRVHQCCVH 101 XVJI: 1W`VR;::1J1VIVJ JQJHQCCVH 1` $`=HVJQ :IIVJ ;RV`W$CV]C%Q]X`: 1QJJVCCV8:CQ1%`C;V:%R%=:J01V` V C;:``Y XR%  =:J01V` :0:1VJ 1J `QR%1 CV-5!^V`01HV-%GC1HR;:1J1VIVJ 5QJ!QCCVH 1`_RQJ CV I11QJQJ 7

RRVHQJ `TCV`C:HQJHV] 1QJRVQ%0`:$V:% :RVR%]V`I1RVHQJ `%1`V6

RRVHQJ `TCV` VH.J1_%VIVJ C:GQJJVV6XH% 1QJRVQ%0`:$V6

RRVHQJ `TCV`CV`QJH 1QJJVIVJ V C;VJ `V 1VJRV1J :CC: 1QJV61 :J V8

VHQII%JVRQ10VJ V``VH %V`HVHQJ `TCV:%]C% :`RCVRXHVIG`V]%1VCQJ%JV ]X`1QR1H1 X_%1JV]V% V6HXRV`:J8

%`CV]X`1IW `VR%5C:I1VVJ]C:HVRV `%H %`VRVHQJ `TCVV `VC: 10VIVJ `XHVJ V8V HQII%JVQJ VJ$XJX`:C `:J`X`XHV VHQI]X VJHVQGC1$: Q1`V;CV%`HQII%J:% XRVHQII%JV `V]VH 10VIVJ ^HQI8HQI8R%C:% 1$JQJ5HQI8HQI8R%]:7RV;QJ `:%HQJ5HQI8!QI8RV I:`H.VR%VC:75HQI8!QI80V%H_8!VRV`J1W`V]V%0VJ :%`V`C:I11QJRVHQJ `TCVVJ `X$1V^`X$1VR1`VH VQ%RXCX$: 1QJRVV`01HV]%GC1H_Q%C:RXCX$%V`;%JV `%H %`VRV 7]V7JR1H:  RVV:%6^55'5!57JR1H: RVV:%6RVCIGC:0V<57JR1H: I16 V7`1V%6!C:1`_8J`1J5; HV=Q%`5HQII%JVHQJV`0VJ ;HV=Q%`C:HQI]X VJHVVJI: 1W`VRVHQJ `TCVRVR1]Q1 1` R;::1J1VIVJ JQJHQCCVH 1`7V: `V5!.:I]HC:%V5A:7%`1$JQJ8!VHQII%JVRXCW$%VHV V`01HV:%7JR1H: RV$V 1QJRV:%6R%VC:78VHQII%JVRV:1J A`QJ V !.:%RV7`QCCV JQJ ;HV=Q%`]:I1VJ]C:HVRV-5!J1RVRXCX$: 1QJRVV`01HV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 88  !C??CB 

888 `XCW0VIVJ :$`1HQCVRXHC:`X

8888 ':]`QR%H 1QJ0X$X :CV

:CQ1%`C;V:%V CVI1C1V%6:_%: 1_%VR%RXHVIG`V Q%IV CV]`XCW0VIVJ R;V:%R:J CV  I1C1V%  J: %`VC  ;  RXHC:`: 1QJ  Q%  :% Q`1: 1QJ  ]`X:C:GCV5  VCQJ  CV%`  H:`:H X`1 1_%V8  V ]`XCW0VIVJ :$`1HQCVR%J0QC%IV:JJ%VC%]X`1V%`;I5RQ10VJ Y `VRXHC:`X;C:01`VH 1QJ 0X]:` VIVJ :CV  RV  ?V``1 Q1`V8 %`  CV  V``1 Q1`V  R% 5  V%C   ]`XCW0VIVJ   :$`1HQCV  QJ  HQJJ%8V]`XCW0VIVJ `RXH.Q1JX :J ]:CQH:C1X%`CVHQII%JV51CJV ]:]Q1GCVRV RX V`I1JV`CV%`]Q1 1QJJVIVJ ]:``:]]Q` :%G:1J0V`:J 8'CJQJ RQJH]:X XHQI] :G1C1X8 V1J`Q`I: 1QJ%`CVHQII%JVRVC:Q1`VJVQJ ]:R1]QJ1GCV  8

@: %`VRVC: QC%IVRXHC:`XVJ %``:HV1``1$%XV !QII%JV %1V%RR1 `VQ%`HV  ^I_ RXHC:`XV^.:_ :1J V1$QCWJV :710:C1W`V 5:]]V:CC%01:CV   :1J IV%`V VQ%H.V 7%1VCCVIVJ   :1J IV%`V VQ%H.V !Q%`RV:% ^:JJXV _ ^:JJXV _ :1J 7QI:1J V1:CV QJ 5:]]V:CC%01:CV   5 :H.:CI :1J 7QI:1J :710:C1W`V 5:]]V:CC%01:CV   5 :H.:CI ?2? I .:

?:GCV:%7QC%IV]`XCV0X]Q%`C1``1$: 1QJRXHC:`X;C:00?8

V]`XCW0VIVJ %]X`1V%`; IL:JQJ Q%I1;%JV`VRV0:JHVRVC$VJHVRVC:%V QJ  RQJHHQI] :G1C1X8%`CVG:1J0V`:J R%1$JQJR%VC:75:%H%J]`XCW0VIVJ J;: V1J HVV%1C8

J 5C:!.:IG`VR$`1H%C %`V`VHVJ:1 .%1 V6]CQ1 : 1QJ]Q%`%J Q :CR%JVR1<:1JVR.VH :`V 1``1$%X:0VH]`WRV IRV:%% 1C1XL.:L:JVJIQ7VJJV8J$XJX`:C5HVV6]CQ1 : 1QJ]%1VJ  CV%`V:%R:JCVI1C1V%J: %`VCVJH`X:J RV`V VJ%VHQCC1J:1`V_%1QJ RV ]V 1 G:``:$VVJ V``V R1]QXVJ `:0V`RV]V 1 HQ%`RV:%:%J10V:%RV]V 1 V0:CCXVVJH:1XV8H %VCCVIVJ 51CJ: ]:X XX :GC1%JV$V 1QJ]Q%`CV`VI]C1:$VRVHV`V VJ%V5VCCVQJ  Q%=Q%``VI]C1VV CV %`]C%V X0:H%X]:`%J7 WIVRV `Q]R]CV1J8%H%JVJVC:1VJ %JRXG1 `XV`0XVJ]X`1QRV V 10:CVV VJ`QJH 1QJRVGVQ1J Q% VCV:%V % 1C1XV]Q%`C1``1$: 1QJRVCV6]CQ1 : 1QJ8

:I:=Q`1 XRVHVV6]CQ1 : 1QJV 1 %XV%`C:]:` 1V:IQJ R%G:1J0V`:J V %`CVHQII%JV RV:1J RIV%`V5CV;:

VG:1J0V`:J R%1$JQJR%VC:7V %J V``1 Q1`VQ&C:]`: 1_%VR1``1$: 1QJRVC:]`QR%H 1QJ 0X$X :CVV `:1GCV82J`V `Q%0V]`1JH1]:CVIVJ RV]V 1 Q%0`:$V]Q%`]:CC1V`;C:]X`1QRVWH.V V 10:CV87X$CVIVJ :1`VIVJ 5CV]`XCW0VIVJ 1J`X`1V%`;IL:JRQ10VJ Y `VRXHC:`XVJ I:1`1V8-Q%`:0Q1`%JVV 1I: 1QJ]C%]`XH1VRV0QC%IV]`XCV0XV C:J: %`VRVC:`VQ%`HV5%J 1J0VJ :1`VHQII%J]:`HQII%JVV`:JXHV:1`V8

 Q%`HV700?500?

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 ':]`QR%H 1QJ:J1I:CV

J C;:GVJHV  RV RQJJXV ]`XH1V  %` CV 0QC%IV  `XVCCVIVJ  ]`XCV0X %`CV  `VQ%`HV5 %JV V 1I: 1QJ  $`Q1W`V  RV  GVQ1J  ]V%  Y `V  H:CH%CXV  %`  C:  G:V  RV  RQJJXV  `Q%`J1V  ]:`  CV 7VHVJVIVJ XJX`:C$`1HQCV^7_V RVHQJQII: 1QJIQ7VJJV]:`:J1I:CV ]:`:J81J15 CVHQJQII: 1QJVJV:%R%GX :1CQJ V 1IXV;VJ01`QJ   IL:JRQJ    IVJ ]X`1QRVR;X 1:$V8

!QJQII: 1QJ   !QJQII: 1QJ !QJQII: 1QJVJ !.V] VC IQ7VJJV=Q%`J:C1W`V :JJ%VCCV^I_ ]X`1QRVRX 1:$V  ^I_ ^L=L:J1I:C_ ;Q01J       B_%1J     Q`H1J    801J     !:]`1J     QC:1CCV 5    C8C%    

?:GCV:%7 1I: 1QJRVC:HQJQII: 1QJVJV:%R%GX :1CVJ

1%JVHV` :1JV]:` 1VRVHV VHQJQII: 1QJV R;Q`VV RX=;HQI] :G1C1XVR:JCV]`XCW0VIVJ  -  ^:G`V%0VIVJ  ;  C;X :GCV5  V:%  RV  JV Q7:$V_5  %JV  ]:`  R1``1H1CVIVJ  _%:J 1`1:GCV  ;V``VH %V R1`VH VIVJ VJV:%%]V``1H1VCCVJQ :IIVJ VJ]X`1QRVV 10:CVCQ`RVC:I1VVJ]= %`:$VRV V 10VV RV]`:1`1V8!V V:C1IVJ : 1QJVJV:%]V% :CQ`]`VJR`VC:`Q`IVR;:G`V%0VIVJ R1`VH  ^HQ%`R;V:%Q%Q%`HV_Q%G1VJ;V``VH %V`$`=HV;RV QJJV;V:%]`X:C:GCVIVJ `VI]C1V8

888

V :H 101 X:$`1HQCV $XJW`VJ %J1I]:H %`C: _%:C1 X RV`VQ%`HV VJV:% V  RV I1C1V%6 :_%: 1_%V]C%Q%IQ1J1I]Q` :J %10:J QJJ10V:%RVRX0VCQ]]VIVJ V R;1J VJ1`1H: 1QJ8V ]QCC% 1QJ]V%0VJ Y `VR1``%V^]QCC% 1QJ`V]:` 1V%`%JVC:`$V%``:HV `:J`X`XV]:``%1VCCVIVJ  Q%]V`HQC: 1QJ_Q%]QJH %VCCV^`V=V RVG= 1IVJ R;XCV0:$V59_8

VX %RV`X:C1XVVJ ]:`C:!.:IG`VR;$`1H%C %`VV C;05:1J1_%VCVR1:$JQ 1H 1JR101R%VCR;V6]CQ1 : 1QJ`X:C1XVJ%`CV V``1 Q1`VR%!QJ `: ?V``1 Q`1:C^G:1J0V`:J R% 1$JQJR%VC:7VJ:IQJ RV:0:CV V_5QJ ]V`I1R;1RVJ 1`1V`CV`C%6RV].Q].Q`VV R;:

 0QJJXV1%VR;%JVHQI]1C: 1QJRVQ%`HV^:75!XCX5;1J1 W`VRVC;$`1H%C %`V5RVC;C1IVJ : 1QJV RV :``:1`V`%`:CVRVC;2J :`1Q_5!.:IG`VR$`1H%C %`VRVC0V7`QJ8   1:$V7V`I:1:%JQ0VIG`V]Q%`CVV:%6%]V``1H1VCCV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 ':]`QR%H 1QJ:J1I:CV

-C%1V%` 7]VRV]QCC% 1QJ]V%0VJ Y `VC1XV:%6:H 101 XR;XCV0:$V7

RV`V=V :%J10V:%RVG= 1IVJ R;XCV0:$V^V``C%VJ V =%R;VJ1C:$V_6

RV]QCC% 1QJR1``%VC1XV;C;X]:JR:$VRVV``C%VJ 6

RV]QCC% 1QJR1`VH VRVI1C1V%6:_%: 1_%V]:`CVG1:1RVRX=VH 1QJR:JCVHQ%`R;V:%Q%; ]`Q61I1 XRVQ%`HV8

:I1V:%6JQ`IVRVG= 1IVJ R;XCV0:$V:]V`I1RV`XR%1`VCV`V=V R1`VH :%J10V:%RV G= 1IVJ 8J_%:` RVV6]CQ1 : 1QJQJ :%=Q%`R;.%1X_%1]XVR;%J7 WIVRV QH@:$VRV V``C%VJ ^`QV_RQJ C:H:]:H1 XRQ1 Y `V%``1:J V]Q%`X01 V`C;X]:JR:$VVJ:1QJ.10V`J:CV%` QC$VCXQ%RX `VI]XV :1J1C1I1 V`CV`1_%VRV`%1VCCVIVJ 0V`CV`XV:%.7R`Q$`:].1_%V8

%`CVG:1J0V`:J R%C:% 1$JQJ5CVHQJR1 1QJRV QH@:$VRVV``C%VJ :]]:`:1VJ HQIIVCV RV%61WIV`:H V%`RV`1_%VRV]QCC% 1QJC1X;C;:H 101 X:$`1HQCV5:]`WC:%``V` 1C1: 1QJ8JV``V 5C: `X$CVIVJ : 1QJ`16V%JVR%`XVH:]:H1 XI1J1I:CVRV QH@:$VRVIQ185X:JIQ1J5CVHQJR1 1QJ HC1I: 1_%V  `1$Q%`V%V R% G:1J 0V`:J  VJ `:4JVJ  RV CQJ$%V ]X`1QRV R;.10V`J:$V R:J CV G= 1IVJ R;XCV0:$VV :1J1C:]`QR%H 1QJV CV QH@:$VRV0QC%IV1I]Q` :J R;V``C%VJ R;XCV0:$V ^`%I1V`V C11V`_80VHV`:1 5%J`V]VH RVC:H:]:H1 XI1J1I:CV`X$CVIVJ :1`VRV QH@:$VJV]V`IV  ]:RX01 V`%JRX0V`VIVJ Q%X]:JR:$VVJ]X`1QRVRX`:0Q`:GCV8

J `V V 5XCV0:$VR%G:1J0V`:J R%C:% 1$JQJQJ `X:C1XC:I1V:%6JQ`IVRV CV%`G= 1IVJ R;XCV0:$V`V_%X`:J  `Q1IQ1RV QH@:$VR;V``C%VJ 8-%1RV; 5 XCV0:$VQJ `X:C1XHV VI1V:%6JQ`IV5`V_%X`:J :CQ`_%: `VIQ1RV QH@:$VR;V``C%VJ 8 5Q QJ_%VRV]%1 5CV'J :CC: 1QJ!C:XV]Q%`C:-`Q VH 1QJRVC;J01`QJJVIVJ ^'!-_QJ  X$:CVIVJ  VJ%V  RV  `V]VH V`  _%: `V  IQ1  RV   QH@:$V  R;V``C%VJ 8 !V  I1V  :%6  JQ`IV HQJHV`JVJ  :1J1  ]`W  R;L  RV  G= 1IVJ   ]`XVJ   %`  CV  C:%  1$JQJ8  !V]VJR:J 5  R;:% `V 1J :CC: 1QJ1 %XV%`CVG:1J0V`:J 7`%I1W`VV C11W`V5]`XVJ VJ RV`1_%VRV]QCC% 1QJ RVV:%6%]V``1H1VCCV^ VI]RV QH@:$V1J%``1:J 5:GVJHVRV`%I1W`VXH%`1XV9_8

J  I: 1W`V  R;X]:JR:$V5  C:  `X$CVIVJ : 1QJ  ]`X0Q1  _%V  H.:_%V  V6]CQ1 : 1QJ  R1]QV  R;%J  ]C:J R;X]:JR:$V]`XH1:J CV]:`HVCCVHQJHV`JXV8V

-:`:1CCV%`5CV

8888 ':]`QR%H 1QJ0X$X :CV

0V]QCC% 1QJ]V%0VJ Y `V1%VR%CV10:$VRV V``:1J:$`1HQCV8'C;:$1 RV]QCC% 1QJR1``%V _%1V`QJ R;:% :J ]C%I:`_%XV_%VC:_%:J 1 XR;1J `:J ^VJ$`:1V ]V 1H1RV_:]]Q` XV:%6 H%C %`VV`:1I]Q` :J VV _%VCVHQJR1 1QJR;% 1C1: 1QJRV]`QR%1 V`QJ 1J:R:] XV^% 1C1: 1QJ ]:` VI]RV]C%1V5%`RQ:$V59_8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L  %VVJ$`:1 

VVJ$`:1QJ RVJ% `1IVJ ^J1 `: V5].Q].: V59__%10QJ Y `VHQJQIIX]:`CV0X$X :%68 'CVJ `:4JVJ RV]QCC% 1QJCQ`_%;1CQJ :]]Q` XVJ `Q]$`:JRV_%:J 1 X]Q%`Y `VVJ 1W`VIVJ  :GQ`GX]:`C:]C:J VQ%VJH:RVI:%0:1VHQJR1 1QJR;% 1C1: 1QJ^`Q` V]VJ V5]`Q61I1 XR% `XV:%.7R`Q$`:].1_%V5]C%1V59_

V%` 1I]:H  %`CVI1C1V%6:_%: 1_%VV `:R%1VJ ]`1JH1]:CVIVJ ]:`RV].XJQIWJVRV R7 `Q].1V8  0:J  HV  H:5  C;:]]Q`  V6HV1`  RV  J% `1IVJ   VJ `:4JV  %J  RX0VCQ]]VIVJ  R;:C$%V %HV] 1GCV  RV  ]V` %`GV`  CV  I1C1V%  ^RXX_%1C1G`V  R%  `XV:%  :C1IVJ :1`V5  :%$IVJ : 1QJ  RV  C: ]`QR%H 1QJ  RV  I: 1W`V  Q`$:J1_%V5  RX0VCQ]]VIVJ  RV  H7:JQG:H X`1V  Q61_%V5  9_8  !V V V% `Q].1: 1QJ  :HHXCX`XV  V`:  R;:% :J  ]C%  I:`_%XV  _%V  CV  HQJR1 1QJ  R%  I1C1V%  V`QJ  :` 1`1H1:C1XV  ^RXG1   1J%``1:J 5  :GVJHV  RV  `1]17C0V  V  R;QIG`:$V5  :%$IVJ : 1QJ  RV  C: VI]X`: %`V5`:CVJ 1VIVJ RV01 VVR;XHQ%CVIVJ 59_8

V].XJQIWJVRVR7 `Q].1VQJ ]`1JH1]:CVIVJ 011GCVR:JCV]C:JRV:%RV:0:CV V:0VHCV RX0VCQ]]VIVJ QHH:1QJJVCR:C$%VV RVH7:JQG:H X`1V8V`X%C : RV:J:C7VIVJXVR:JCV H:R`VR%%101RVC:_%:C1 XRVV:%6R%G:1J0V`:J R%1$JQJR%VC:7IV VJ VJX01RVJHV%J VJ`1H.1VIVJ RVV:%6R%1$JQJR%VC:7RWC:IQJ V %`C:1$JV]`1JH1]:CVIVJ ]Q%`CV ]:`:IW `VR%].Q].Q`VV %`CV!.:JQ%]Q%`CV]:`:IW `VJ1 `: V8

VCQJCX %RVRVC:!.:IG`VR$`1H%C %`VV RVC:`X:C1XVR:JCVH:R`VRVCXC:GQ`: 1QJ R%HQJ `:  V``1 Q`1:CVR%+:% %1$JQJ5C V QH@:$VRVVJ$`:1JV]`XVJ V]:]:` 1H%C1W`VIVJ RV `1_%VRV]QCC% 1QJ0V`CVHQ%`R;V:%5HV%6RH1X :J  QH@XVJHG1$G:$IR:JCVG= 1IVJ  :$`1HQCV8 J`V0:JH.VCVX %RVQJ Q%CV0XRV]`: 1_%V`V]QJ:GCVRV`C%6RV].Q].Q`VV R;:

!V]`: 1_%V]V%0VJ Y `V]`QGCXI: 1_%V01;01RVI1C1V%6:_%: 1_%V5H:`CVI:J_%VR;:J:C7V RVQCJV]V`IV ]:RVHQJJ:4 `VC:H:]:H1 XRV`X VJ 1QJRVHV%6RH18%15HQ%]CX:%6]`: 1_%VRV %``V` 1C1: 1QJHQJ : XV5CV`1_%VRVCV10:$VRVXCXIVJ 0V`CVHQ%`R;V:%QJ R;:% :J  ]C%1I]Q` :J %`QC$`:J1 1_%V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L  %V]V 1H1RV 

V]V 1H1RV^1JVH 1H1RV5`: 1H1RV5`QJ$1H1RV5V .V`G1H1RV_QJ RVHQI]QXH.1I1_%VRQ X RV]`Q]`1X X Q61HQCQ$1_%V5% 1C1X]:`CV:$`1H%C V%`]Q%`C% V`HQJ `VCV:J1I:%6^1JVH V5 `QJ$V%`_Q%CV]C:J V^H.:I]1$JQJ5I:%0:1V.V`GV_=%$XJ%11GCV:%6]C:J : 1QJ8

VHQJ :I1J: 1QJ]V%0VJ Y `V]QJH %VCCV5CQ`RVC:I:J1]%C: 1QJRV]`QR%1 5R%`VI]C1:$V Q%  R%  `1JM:$V  RV  ]%C0X`1: V%`5  Q%  G1VJ  R1``%V5  :]`W  C:]]C1H: 1QJ  RV  ]`QR%1 5  Q1  ]:` `%1VCCVIVJ 0V`CVV:%6RV%``:HV5Q1 ]:`1J`1C `: 1QJ0V`CVV:%6Q% V``:1JV8:`XR%H 1QJ RV  `1_%V  RV  ]QCC% 1QJ  ]QJH %VCCV  JXHV1 V  CV  `V]VH  RV  GQJJV  ]`: 1_%V  :$`1HQCV  :0:J 5 ]VJR:J V :]`WC:]]C1H: 1QJR% `:1 VIVJ 8

 1IV`  CV  V``V   %`  CV  XHQ7 WIV  R;%JV  ]QCC% 1QJ  C1XV  :%6  ]V 1H1RV  ;:0W`V  R1``1H1CV  ]:` C;V61 VJHV R;%JV I%C 1 %RVRVIQCXH%CV8V%`1I]:H RX]VJR;C:`Q1RVCV%`IQRVR;:H 1QJ ^HV` :1JQJ GV:%HQ%]]C% Q61_%V_%VR;:% `V_5RVCV%`]V`1 :JHVR:JCV VI]^HV` :1JV RX$`:RVJ GV:%HQ%]]C%`:]1RVIVJ _%VR;:% `V_V RVCV%`Q%R]`QR%1 RVRX$`:R: 1QJCV_%VC QJ ]:``Q1]C% Q61_%VV VRX$`:RVJ IQ1J01 V_%VCVHQI]QX1J1 1:C8V%`V``V %`CV010:J  QJ 5V%6:%15VJHQ`V `WI:CHQJJ%8

V.V`G1H1RV VC_%VCV$C7].Q: VV QJHQI]QXRVRX$`:R: 1QJC;;-5QJ `X$%C1W`VIVJ  `V `Q%0XR:J QRVXH.:J 1CCQJ:%]Q1J RVIV%`V%J1_%VR%G:1J0V`:J ^:1J ;:%`1HVRV 1$JQJ_80;:% `V.V`G1H1RV;%:$VI%C 1]CVQ%]Q%`CV `:1 VIVJ RV]`:1`1V QJ RX VH X8 -QJH %VCCVIVJ 5RV1JVH 1H1RVQJ X$:CVIVJ X X`V `Q%0X8 V:J:C7V;:1J ;:%`1HVRV 1$JQJIQJ `VJ  Q% V`Q1_%VCVC1I1 VRVGQJJV_%:C1 XQJ ]V%RX]:XV8

VHX`X:CVV I:6QJ ]`QR%1 V]Q%`C;:% QRHQJQII: 1QJ5:1J1]V%RV``:1QJ VJ$:$X:`1J R;: V1JR`VRV`VJRVIVJ XCV0X8V`1_%VRV]QCC% 1QJQJ ]QJH %VC5C1X:%6HQJR1 1QJRV  QH@:$VRVHV]`QR%1 Q%:%I:J_%VRV@1 VJ01`QJJVIVJ %`CV]%C0X`1: V%`1JR101R%VC^HV%6R H1X :J C1I1 XHQI] VR VJ%RVC:GQJJV1I]C:J : 1QJRV!;%`CVG:1J0V`:J _8 -:`:1CCV%`5CVR1:$JQ 1HR;V6]CQ1 : 1QJ`X:C1XR:JCVH:R`VRVC:I1VVJ]C:HVRV;?5QJ  ]V`I1RVVJ1G1C1V`CVV6]CQ1 :J %`CV%`]`: 1_%VC1XV;C;% 1C1: 1QJRV]V 1H1RVV :1J1RV R1I1J%V`CV`1_%VRV]QCC% 1QJ]QJH %VC8

J`V0:JH.VCVI:J_%VRV`1C1W`VHQJHV`J:J C:HQCCVH VRVVIG:CC:$VRV]`QR%1 ].7 Q:J1 :1`V5 :1J1_%VRV.%1CV%:$XV5G=H.V5`1HVCCVV :% `VRXH.V :$`1HQCV:X XQ%CV0X]:`CV V6]CQ1 :J R%G:1J0V`:J 8

JQ V`_%V1CV]V 1H1RVQJ ]XH1`1_%VIVJ % 1C1XVJ:$`1H%C %`V51C`QJ X$:CVIVJ C;QG=V  R;%J  %:$V  JQJ  :$`1HQCV  ]:`  CV  $V 1QJJ:1`V  R;X_%1]VIVJ   Q%  RV  `XV:%6  RV  `:J]Q` 5  CV HQCCVH 101 XCQH:CVQ%CV]:` 1H%C1V`8%H%JR1:$JQ 1H;CXH.VCCVR%G:1J0V`:J J:X X`X:C1X; HV%=V 8

888 %:`X$CVIVJ : 1QJV CVRXI:`H.V:$`QRVJ01`QJJVIVJ :CV

V]QC1 1_%VV%`Q]XVJJVV J: 1QJ:CV VJ VJ R;VJH:R`V`CV]`: 1_%V:$`1HQCV:`1J_%VCCV ]%1VJ C1V`;C:`Q1HQI]X 1 101 XV ]`Q VH 1QJRVC;VJ01`QJJVIVJ ^C% VHQJ `VC;X`Q1QJRVQC5 CV]QCC% 1QJ5C:R1I1J% 1QJRVC:G1QR10V`1 X59_R:J%JV]`1 RVRX0VCQ]]VIVJ R%`:GCV8 C;XH.VCCVJ: 1QJ:CV5]C%1V%`R1]Q1 1`VQJ %HHXRXRV]%1CV:JJXV 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8888 ':R1`VH 10V.1 `: VV CV 

:R1`VH 10VHJ1 `: VI^ L L!_R%RXHVIG`V HQJHV`JVC:]`Q VH 1QJRVV:%6HQJ `V C:]QCC% 1QJ]:`CVJ1 `: V;]:` 1`RVQ%`HV:$`1HQCV8CCV:]Q%`QG=V C:C1I1 : 1QJRVXI11QJ R;:

!V VR1`VH 10V:X X `:R%1 VVJR`Q1 ``:JM:1]:`CVRXH`V J  R R% :Q(  8

CCV]`X0Q1 7

R:RX1$J: 1QJRVH

R:`XR:H 1QJR;%JHQRVRVGQJJV]`: 1_%V:$`1HQCV6

R:I1VVJ]C:HVRV]`Q$`:IIVR;:H 1QJ%`H.:H%JVRV

R:`X:C1: 1QJR;%J]`Q$`:IIVRV%`0V1CC:JHV8

JV

%H%JV

JRV.Q`RV

8888 ':! V CV5=

!`XXV]:`CV `:1 XRV7QIVVJ 5C:-QC1 1_%V$`1HQCV!QII%JV:X XI1VVJ]C:HVVJ 8 !V V]QC1 1_%VV%`Q]XVJJV01V;:HH`Q4 `VC:]`QR%H 101 XRVC;:$`1H%C %`V5;:%`V`%JJ10V:%RV01V X_%1 :GCV  ;  C:  ]Q]%C: 1QJ  :$`1HQCV5  ;   :G1C1V`  CV  I:`H.X5  ;  $:`:J 1`  C:  XH%`1 X  RV :]]`Q011QJJVIVJ V ;:%`V`RV]`16`:1QJJ:GCV:%6HQJQII: V%`^V`]1C1V`_80V]%15;7 QJ :=Q% XCV]`1JH1]VRV`V]VH RVC;VJ01`QJJVIVJ V RVRX0VCQ]]VIVJ `%`:C^WIV]1C1V`_8

J  A`:JHV5  CV  -`Q$`:IIV  RV  0X0VCQ]]VIVJ  7%`:C  CV6:$QJ:C  ^-07C_  HQJ 1 %V  C:  RXHC1J:1QJ ``:JM:1VR%7W$CVIVJ RVRX0VCQ]]VIVJ `%`:CV%`Q]XVJ^WIV]1C1V`_80:JH.:_%V`X$1QJ5%J 0QH%IVJ 7X$1QJ:CRV0X0VCQ]]VIVJ 7%`:C^0707_:X XXC:GQ`X:0VHC;VJVIGCVRV]:` VJ:1`V `X$1QJ:%68!;V CVRQH%IVJ RV`X`X`VJHV]Q%`C:I1VVJ\%0`VRV:1RVR%RX0VCQ]]VIVJ `%`:C VJ  `X$1QJ8  V  -07C  HQI]Q` V  RV  IV%`V  :$`QRVJ01`QJJVIVJ :CV  ^;_  ]Q%`  CV  IV%`V ]:`HVCC:1`VV %J-C:JX$X :C]Q%`C;J01`QJJVIVJ ^-_]Q%`CV:1RV;C;1J0V 1VIVJ 8

8888 'V IV %`V :$`QRVJ01`QJJVIVJ :CV

VIV%`V:$`QRVJ01`QJJVIVJ :CV^;_`VHQ%0`VJ  Q% VCVIV%`VI1VVJ]C:HVR:J CJ1QJV%`Q]XVJJVR:JCVH:R`VRVC:-!8!VQ% 1CQJ RV 1JX;0:CQ`1V`CVV``Q` VJ `V]`1 ]:`CV:$`1H%C V%`]Q%``:1`VX0QC%V`CV%`7 WIV0V`C:R%`:G1C1 X8V%`HQJ `:H 1QJ;V``VH %V%` C:G:VR%0QCQJ :`1: ]Q%`%JVR%`XVRV :J8JHQJ `V]:` 1VR%`V]VH R%H:.1V`RVH.:`$VRV C:IV%`VQ%H`1 V5CVGXJX`1H1:1`V]V`MQ1 %JV:1RV:JJ%VCCV]VJR:J C:R%`XVRVQJVJ$:$VIVJ 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L VJ10V:%6R;:1RVQJ X XRX`1J1;]:` 1`R;V 1I: 1QJRV%`HQ( Q%]V` VRV`V0VJ%VJ$VJR`X ]:`CV]`: 1_%V:$`QRVJ01`QJJVIVJ :CV8

CCV]V`IV VJ RV`X]QJR`V:%6VJ=V%6VJ01`QJJVIVJ :%67

R:$V 1QJV C:_%:C1 XRVCV:%5VJVJHQ%`:$V:J ]:`V6VI]CVC:`XR%H 1QJRV1J `:J V C: ]`Q VH 1QJRVH:] :$V6

R:G1QR10V`1 X:J1I:CVV 0X$X :CV5VJ1JH1 :J JQ :IIVJ ;C:]`XV`0: 1QJRV.:G1 : 5RV I1C1V%6.%I1RVV RV]`:1`1V]V`I:JVJ V6

RV]:7:$V5CVJ `V 1VJRXCXIVJ `16VR%]:7:$VHQIIVCVGQ_%V 5CV:`G`V1QCXV CV I:`V6

RVQC5VJVJHQ%`:$V:J C:C% VHQJ `VCX`Q1QJV VJ`:0Q`1:J C:HQ%0V` %`VRVQCVJ.10V`8

:]`Q$`:II: 1QJ RHC:VCV;VCQJ R1]Q1 1`RQJ V%C QJ :]]C1_%X%`CV V``1 Q1`V:%0V`$J: 7

R-`1IV CV`G:$W`V $`QRJ01`QJJVIVJ :CV ^-C _01:J ; `:0Q`1V`CV I:1J 1VJRV C;XCV0:$V V6 VJ1`R:JCV

R;`Q : 1QJJVCCV01:J ;VJHQ%`:$V`C:R10V`1`1H: 1QJRV:QCVIVJ V C;:CCQJ$VIVJ RV `Q : 1QJR:JCVV6]CQ1 : 1QJ]XH1:C1XVVJ$`:JRVH%C %`V6

R!QJ0V`1QJ; C$`1H%C %`V>1QCQ$1_%V ^!>_01:J ; 1JH1 V`V ; :HHQI]:$JV`RV V6]CQ1 :J  ;VJ$:$V:J R:J%JVRXI:`H.VRVHQJ0V`1QJ;C;:$`1H%C %`VG1QCQ$1_%V6

RQ% 1VJ;C;:$`1H%C %`VG1QCQ$1_%V01:J ;:HHQI]:$JV`CVV6]CQ1 : 1QJVJ:$`1H%C %`VG1QCQ$1_%V6

R-`Q VH 1QJRV7:HV;VJ:HXV^-7;_6

R; V``1 Q`1:C1XV^;?_8

CQ`I1CV;?RQJ C:I1VVJ\%0`VV C1I1 XV;_%VC_%V

=%: `V;?5]XH1`1_%V:% V``1 Q1`VR%!QJ `:  V``1 Q`1:CR%C:% 1$JQJQJ X XI1VVJ]C:HVV  Q%0V` V;HQJ `:H %:C1: 1QJ]Q%`C:H:I]:$JVRVRXHC:`: 1QJ-!VJI:18!V;?01VJ ; C1I1 V`CV`1_%VRV `:J`V` RV].Q].Q`V0V`CVHQ%`R;V:%8CCVVJHQ%`:$VJ ]Q%`HVC:RV ]`: 1_%V:$`1HQCV`:0Q`:GCV51JRVIJ1XV:%6V6]CQ1 :J :$`1HQCV:`1JRV`VHQJJ:4 `VC;V``Q`  HQJVJ 1V HQI]VJV`CV]V` VRV`VJRVIVJ QHH:1QJJXV]:`CVH.:J$VIVJ RV]`: 1_%V8

-`X:C:GCVIVJ  ;  C:  HQJ `:H %:C1: 1QJ  RV  ;?5  CV  V6]CQ1 :J   QJ  `X:C1X  RV  R1:$JQ 1H 1JR101R%VCR;V6]CQ1 : 1QJ80VJQIG`V%V]:`HVCCVQJ HC:XV;`1_%V`Q` Q%IQ7VJ5R%`:1 RV C: Q]Q$`:].1VR%G:1J0V`:J V RVC:RVJ1 XR%`XV:%.7R`Q$`:].1_%VVHQJR:1`V8% Q :C5  R1:$JQ 1HQJ X XV``VH %XV  V6]CQ1 :J QJ HQJ `:H %:C1XRV;?8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L =%: `V;?QJ X XI1VVJ]C:HV7 5 7XR%H 1QJRVC:`V` 1C1: 1QJ%`]`:1`1V7 .: 5 %]]`V1QJRVC:`V` 1C1: 1QJ%`]`:1`1V7 .: 5 7XR%H 1QJRVC:`V` 1C1: 1QJ%`HX`X:CV7.: 5 7XR%H 1QJ  RV  C:  `V` 1C1: 1QJ  %`  I:6  V  1I]C:J : 1QJ  R;%J  HQ%0V`  .V`G:$X7  :%H%JV HQJ `:H %:C1: 1QJ8

:IV%`VH`XR%H 1QJRVC:`V` 1C1: 1QJ%`I:6IJ:]:X XHQJ `:H %:C1XVR%`:1 RVC:`:1GCV]:`  RVHV VH%C %`V%`CVG:1J0V`:J R:% :J ]C%%`CV]:`HVCCVHC:XV;`1_%V^`Q` V]VJ V5 ]`Q61I1 XR%JHQ%`RV:%V H_8

% Q :C5HVQJ  .:RV]:`HVCCVHC:XVH;`1_%V]Q%`C:_%:C1 XRVCV:%I_%1QJ X X HQJ `:H %:C1XV8

88  !C??CB 28<C?S< 

888 %V`Q`Y R%G:1J0V`:J 

8888 5VHQ%0`VIVJ

0:JCVJVIGCV5CVG:1J0V`:J R%1$JQJR%VC:7V HQ%0V` ;Q]:`RVC:`Q`Y 85X:JIQ1J5 C:R1 `1G% 1QJRVGQ1VIVJ V .X X`Q$WJV%`CV V``1 Q1`V8VQ%RG:1J0V`:J RVC:0%J1W`V V I:=Q`1 :1`VIVJ HQ%0V` ]:`RVGQ1VIVJ V HQJ 1 %VCVVH V%`CV]C%RVJVR% V``1 Q1`VR% 8:]:` 1V R%G:1J0V`:J HQ``V]QJR:J :%6HQII%J:% XRVHQII%JVR%C:% 1$JQJ V RV;QJ `:%HQJV HQ%0V` V;VJ01`QJ Q8V`V VR%G:1J0V`:J 5.Q`I1CV]C: V:%R% ;X

8888 .: %`VRV GQ1 VIVJ 

%`CVG:1J0V`:J 5CVGQ1VIVJ RV`X1JV%6`V]`XVJ VJ ]C%RV QRVGQ1VIVJ 8V VVJHV  CV  ]C%  `VHVJXV  QJ  CV  ]1J  7C0V `V  ^1J%  7C0V `1 _  V  CV  :]1J  ]VH 1JX  ^ !G1V  ]VH 1J: : _82J `Q%0V:%1R:J%JV]`Q]Q` 1QJIQ1J1I]Q` :J VR%0Q%$C:V RVC]1HV:]`XVJ  %J1_%VIVJ R:JCVH:R`VRV]C:J : 1QJ8

8888 `Q]`1X XV $V 1QJ

-C%RV QRVC:`Q`Y V HQJ 1 %XVRV]: `1IQ1JV]`10X8!VQJ VVJ 1VCCVIVJ RV]V 1 V ]:`HVCCV8-`WRV QRV]`Q]`1X :1`VQJ IQ1JRV.:V C:IQ7VJJVVJ%]V``1H1V Q :CVRV `Q`Y ]:`]`Q]`1X :1`V%`CV]:7V V 1IXV;5 .:5HV_%1V `VC: 10VIVJ `:1GCV8

V]`Q]`1X :1`VRV]:`HVCCVGQ1XVQJ I:=Q`1 :1`VIVJ 1 %X.Q`RVHQII%JVHQJHV`JXV 0Q1`.Q`R%RX]:` VIVJ 8!V V1 %: 1QJC1I1 VCV]Q1G1C1 XR%JV$V 1QJ.QIQ$WJVV HQJHV` XV RV`Q`Y R% V``1 Q1`V8V]C:JRVRX0VCQ]]VIVJ RX0VCQ]]X]:`CV!VJ `V`X$1QJ:CRVC:]`Q]`1X X `Q`V 1W`V^!7-A_%`CVC:% 1$JQJV %JVRVQC% 1QJ]Q%``XQ`$:J1V`CV]:`HVCCVV IV `VVJ ]C:HVRVHQCC:GQ`: 1QJ8

V`Q`Y ]%GC1_%VQJ $X`XV]:`C2``1HV5: 1QJ:CRVAQ`Y 8VHQII%JVCV]C%HQJHV`JXV ]:`HV V$V 1QJQJ 1J$V:%65 ;:%`1HVRV1$JQJ5V `:%CVRV]:` C:]`XVJHVRVC:`Q`Y  RQI:J1:CVR%;V7$:C8

=%VCCVQ1VJ ]%GC1_%VQ%]`10XV5CV`Q`Y ]V%0VJ `:1`VC;QG=V R;%JVJ$:$VIVJ ]Q%`%JV $V 1QJR%`:GCV5JQ :IIVJ ]:`C;:R.X1QJ:%-A!7-`Q$`:IIV%`Q]XVJRVAQ`Y !V` 1`1XV8

 Q%`HV7H.:` V`Q`V 1W`VR% V``1 Q1`VRVC:=V%JVQ1`VV RVV`101W`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L !V V  HV` 1`1H: 1QJ RQJJV  H C;:%`:JHV  _%;%J ]`QR%1 5  %J  V`01HV  V  `X:C1X  VCQJ RV  JQ`IV RX`1J1VI8]]C1_%XV;C:7C01H%C %`V5;C:$V 1QJV ;C;V6]CQ1 : 1QJ`Q`V 1W`V5HV V]`QHXR%`V ]V`IV  RV  0X`1`1V`  _%V  H.:_%V  `Q`Y  HV` 1`1XV  V  G1VJ  $X`XV  VCQJ  CV  `W$CV  X :GC1V  ]:`  CV ]`Q`V1QJJVCV CV%:$V`V HQJ `TCXV5;HV 1 `V5]:`RVV6]V` HQI]X VJ V 1JRX]VJR:J  _%VCVGQ1`XHQC XR:JHVHQJR1 1QJV G1VJ1RVJ 1`1X;H.:_%VX :]VRV: `:J`Q`I: 1QJ:`1J _%V  CV  HQJQII: V%`  `1J:C  ]%1V  H.Q11`  CV  ]`QR%1   1%  RV  `Q`Y   HV` 1`1XV  VJ  Q% V HQJJ:1:JHVRVH:%V8

888 :$VRVC:`Q`Y

VJQIG`VRVJ `V]`1VRVC:`1C1W`VGQ1%`CV V``1 Q1`VR%]V% Y `VV 1IX;VJ01`QJ 8

V:H 101 X]`XVJ VJ R:JC;Q`R`VRVC1I]Q` :JHVRVCV%`]`XVJHV%`CV V``1 Q1`V7

 V6]CQ1 : 1QJ`Q`V 1W`V5]`QR%H 1QJRVGQ1G`% 5

 H1:$V5`:GQ :$V5

 V`01HV`Q`V 1V`5

 `:G`1H: 1QJRVIG:CC:$VGQ15

 QG=V R10V`VJGQ15

 H.:`]VJ V5IVJ%1V`1V5

 :]1JRV5Q[C8

A:HV:%6]`QGCWIVVJ01`QJJVIVJ :%6V :%6RX]VJR:JHVXJV`$X 1_%VHQ( V%V5CVGQ1RXJV`$1V5 XJV`$1V`VJQ%0VC:GCV]:`V6HVCCVJHV5V]`XVJ VHQIIV%JV]1WHVI:4 `VVR%RX0VCQ]]VIVJ  R%`:GCV8

!V V`1C1W`VVRX0VCQ]]V%`CVG:1J0V`:J R%1$JQJR%VC:7:0VHC:%$IVJ : 1QJR%JQIG`VRV H.:%``V`1VGQ18JV``V 5HVIQRVRVH.:%``:$V: 1`VRV]C%VJ]C%CVIXJ:$V5CVHQCCVH 101 XV  CVVJ `V]`1V5_%;1C;V``VH %V]:`CVG1:1RV$`:J%CXQ%RV]C:_%V V8

888 %V]`V1QJ%`C:`VQ%`HVVJV:%V CVI1C1V%6:_%: 1_%V

V%``:HV`Q`V 1W`VQJ VJ`W$CV$XJX`:CV`:0Q`:GCV;C:]`XV`0: 1QJRVC:_%:C1 XRVC;V:%8 CCVJVJXHV1 VJ ]:R;:]]Q` R;1J `:J V =Q%VJ :%HQJ `:1`V%J`TCVRV`1C `VRV]QCC%:J 8 !V]VJR:J 5HV` :1JV]`: 1_%V]V%0VJ :0Q1`RVV``V JX`: V%`CVI1C1V%6:_%: 1_%V%` Q%  CQ`_%;VCCVQJ 1J VJ10V8

8888 ':$V 1QJRV ]C:J : 1QJ

%`CVG:1JR%1$JQJR%VC:75CV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L J`:1QJRVCV%`7 WIV`:H1J:1`V%]V``1H1VC5HV` :1JV]C:J : 1QJRV`X1JV%6HQIIVC;X]1HX:JV QJ ]::R:] XVVJGQ`R%`VRV`101W`V8CCV]`XVJ VJ R;1I]Q` :J 1I]:H VJ]:` 1H%C1V`%`C: IQ`].QCQ$1VRVHQ%`R;V:%^RX `%H %`: 1QJRVGV`$V5`1_%VR;VJHQIG`V59_8VG:1JR% 1$JQJR%VC:7V ]:` 1H%C1W`VIVJ HQJHV`JX]:`CV].XJQIWJVVJ`X1JVIVJ RVGV`$V80V :H 1QJ]Q%``VIXR1V`;HVC:QJ RQ`VV RX=;X X`X:C1XV%`HV` :1J `QJMQJRV`101W`VR:JCV H:R`V  RV  !QJ `:   `V :%`: 1QJ  J `V 1VJ  R%  C:%  1$JQJ  V  RV  C:  0%J1W`V8  5X:JIQ1J5  RV ]C:J : 1QJ`XHVJ VVJGQ`RRVHQ%`RV:%QJ VJHQ`V;HV=Q%``X:C1XV8

0V]V` %`G: 1QJ].71HQRH.1I1_%VV G1QCQ$1_%V]V%0VJ X$:CVIVJ Y `VVJ$VJR`XV]:`HV V :` 1`1H1:C1: 1QJRVGV`$V8!V 7]VRV ]C:J : 1QJV Q%0VJ XHC:1`H1 `Q] :`R10VIVJ 5 HV _%1 VJ$VJR`V%JHQ%0V`  `Q]RVJV8!VH1]`Q0Q_%V%JVI:%0:1VRX$`:R: 1QJRVC.%I%5CV`VJR:J  :H1RV8!VI:J_%VRV$V 1QJRV]V%]CVIVJ VI]YH.VX$:CVIVJ C1J :CC: 1QJR%JQ%X :$V_%1 X01 V`:1 CV`%1VCCVIVJ J%11GCV;C:_%:C1 XRVV:%68

8888 'V 1I]:H RV  `:0:%6RV6]CQ1 : 1QJ`Q`V 1W`V

V`1_%VRV]V` %`G: 1QJRVI1C1V%6:_%: 1_%V]V%0VJ Y `V1I]Q` :J ;C;QHH:1QJRV `:0:%6 `Q`V 1V`7

R 71_%V  R;X`Q1QJ RV  QC  ]:` CV  ]::$V  R;VJ$1J  CQ%`R  V  R;VJ `:4JVIVJ  RV  I: 1W`V  VJ %]VJ1QJ0V`CVI1C1V%6:_%: 1_%V8;Q`1VJ : 1QJRV]1 V`Q`V 1W`V]:``:]]Q` ;C:]VJ VRV 0V`:J =Q%V:CQ`%J`TCVRX V`I1J:J 6

R71_%VRVRX$`:R: 1QJRV

R71_%VRVRX$`:R: 1QJRV.:G1 : :_%: 1_%VCQ`RV `:0V`XVRVHQ%`R;V:%8`1JR;X01 V`CV ]::$V;$%X5RVR1]Q1 1`RV``:JH.1VIVJ  VI]Q`:1`VQJ QGC1$: Q1`V8JV:% Q`1: 1QJ:% 1 `VRVC:CQ1%`C;V:%RQ1 Y `V`Q`I%CXV6

R71_%VRV`%1 VR;.7R`QH:`G%`V8

0VIYIV5C;:GVJHVRV `:0:%6R;VJ `V 1VJQ%R;V6]CQ1 : 1QJRVHV` :1JV]:`HVCCVVJGQ`R%`VRV HQ%`R;V:%]V% :0Q1`RVV``V JX`: VHQIIVC:`Q`I: 1QJR;VIG=HCV`QI]:J C:HQJ 1J%1 X XHQCQ$1_%V8

8888 'V QH@:$VV CV `:1 VIVJ R%GQ1

V QH@:$VR%GQ1]V% JXHV1 V`%J:``Q:$V8!V V]`: 1_%VV `:`V%`CVG:1JR%1$JQJR% VC:78J`V0:JH.V5CVVJ `V]`1VRV]`QR%H 1QJRV `:J`Q`I: 1QJR%GQ1]V%0VJ :0Q1``VHQ%`; C;VI]CQ1RV`QJ$1H1RVV R;1JVH 1H1RVJQH1`]Q%`CVI1C1V%6:_%: 1_%V:`1JRV$:`:J 1`%JGQ1RV _%:C1 X8

V%`% 1C1: 1QJV %HV] 1GCVRV]`Q0Q_%V`RV]QCC% 1QJ:HH1RVJ VCCVV H.`QJ1_%V7`%1 V:% J10V:%RVH%0V5CV10:$VRVGQ1 `:1 X%`CV1 VRV QH@:$V8V]C%$`QV%J1 XQJ  Q%I1V;C:CX$1C: 1QJ%`CV1J :CC: 1QJHC:XV8%`CVG:1J0V`:J 5RVVJ `V]`1VRV `:1 VIVJ R% GQ1 Q%I1V ; :% Q`1: 1QJ QJ  ]`XVJ V  %` CV  HQII%JV  RV  V  1$QCWJV5 1J$V:%65?VJHV5;QJ `V$:`RV 0%J1W`V  8

 Q%`HV707%0V`$JV58

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8888 ':`X$CVIVJ : 1QJ5C:]C:J1`1H: 1QJV C:$V 1QJ`Q`V 1W`V

  %:`X$CVIVJ : 1QJRVGQ1VIVJ  

JA`:JHV5C:]`QHXR%`VRV`X$CVIVJ : 1QJV RV]`Q VH 1QJRVGQ1VIVJ :]Q%`QG=VH 1`RV `:0Q`1V`%JVIV1CCV%`V`X]:` 1 1QJRV V``VVJ `VCV]`QR%H 1QJ:$`1HQCV5C:`Q`Y 5CVV]:HVRV J: %`VV RVCQ11`V CVV]:HV.:G1 XVJI1C1V%`%`:CV R:%`V`C:]`XV`0: 1QJRVI1C1V%6 J: %`VCQ%RV]:7:$V`VI:`_%:GCV8

:`X$CVIVJ : 1QJHQJ1 V;RX`1J1` `Q1]X`1IW `V7

R  J  ]X`1IW `V  1J V`R1  Q&  Q%  VI15  ]C:J : 1QJ  V  `V]C:J : 1QJ  R;VVJHV  `Q`V 1W`V  QJ  1J V`R1 6

RJ]X`1IW `V`X$CVIVJ XQ&5CVGQ1VIVJ V :% Q`1XI:1Q%I1:%`V]VH RVR1 :JHV I1J1I:CVRV`VH%C01R;R01RV`QJR:$`1HQCV0Q11J5RVHQ%`RV:%5RVH.VI1J:1J1_%VRV C1V%6.:G1 X6

RJ]X`1IW `VQ&CVGQ1VIVJ V C1G`V8

:I1VVJ\%0`VRVC:`X$CVIVJ : 1QJRVGQ1VIVJ RQ1 :1J1]V`IV `V7

R0VI:1J VJ1`;C:R1]Q1 1QJRVC:$`1H%C %`VRV V``V_%1HQJ `1G%VJ ;%JIV1CCV%`X_%1C1G`V XHQJQI1_%VRVV6]CQ1 : 1QJ6

R0VC% V`HQJ `VCV]`X=%R1HVRVGQ1VIVJ VJ01:$X^ V``V:$`1HQCV5V]:HV.:G1 X5V]:HV

RVCQ11`59_6

R0;X01 V`CV: V1J VRVGQ1VIVJ :%H:`:H W`V`VI:`_%:GCVRV]:7:$V6

R0VC% V`HQJ `VCV: V1J V:%6I1C1V%6J: %`VCV ;C:$V 1QJX_%1C1G`XVRVC;V:%8

VHQII%JVQ%CV%`$`Q%]VIVJ QJ C:]Q1G1C1 XRVIV `VVJ]C:HV%`CV%` V``1 Q1`V%JV `X$CVIVJ : 1QJRVCV%`GQ1VIVJ ^5Q%0V:%HQRV`%`:C5:`  R; R_8

  %VH.XI:RVRVV` V`Q`V 1W`V 

JGQJI:1CC:$VRV0Q1`1V`Q`V 1W`VV 1JR1]VJ:GCV]Q%`Q] 1I1V`C;V6]CQ1 : 1QJRVC:`Q`Y V  ]Q%`%JGQJRX`Q%CVIVJ RVHV V:H 101 XXHQJQI1_%V8:H`X: 1QJRV0Q1`1V`Q`V 1W`VRVI:J1W`V RXQ`RQJJXVVJ`QJH 1QJRVGVQ1JR;%JH.:J 1V`]V% :0Q1`%J1I]:H JQJJX$C1$V:GCV%`CV I1C1V%J: %`VC81J15CV:1RV]Q%`C:H`X: 1QJRVJQ%0VCCV0Q1`1VQJ HQJR1 1QJJXV;C;V61 VJHV R;%JH.XI:RVRVV` V8

VH.XI:RVRVV` VV %JQ% 1CRV]C:J1`1H: 1QJ_%1:]Q%`G% R;:J 1H1]V`CVGVQ1JVJ0Q1`1V5 R;Q] 1I1V`  C;% 1C1: 1QJ  RV  HVCCV  V61 :J V  V  RV  ]`VJR`V  VJ  HQI] V  CV  ]`QGCXI: 1_%V VJ01`QJJVIVJ :CVCQ`_%VC:H`X: 1QJRVJQ%0V:%6:6VV JXHV:1`V8

%` C: ]:` 1V C:% V Q1`V R% G:1J0V`:J 5 CV  HQII%JV  RV   I%C1VJ;QC.V:G: V5 71Q Q`R5 0%J1W`VV ;QJ `V$:`RR1]QVJ R%JH.XI:RVRVV` V`Q`V 1W`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   %VH.:` V`Q`V 1W`VRV V``1 Q1`V 

VCQJC;` RVC:CQ1J R R% =%1CCV RQ`1VJ : 1QJ%`C:`Q`Y 5%JVH.:` V`Q`V 1W`V RV V``1 Q1`V]V% Y `VX :GC1V5%`%J V``1 Q1`V]V` 1JVJ :%`V$:`RRVQG=VH 1`]Q%`%1015:`1JRV IVJV`%J]`Q$`:IIVR:H 1QJ]C%`1:JJ%VC1J X$`:J 5CVH:XH.X:J 5C:I%C 1`QJH 1QJJ:C1 XRV `Q`Y CQH:CVV 01:J 7

RQ1 ;$:`:J 1`C:: 1`:H 1QJRVRVI:JRVVJ01`QJJVIVJ :CVQ%QH1:CV]:` 1H%C1W`VHQJHV`J:J  C:$V 1QJRV`Q`Y V RVV]:HVJ: %`VC_%1CV%`QJ HQJJV6V6

RQ1 ;HQJ `1G%V`;CVI]CQ1V ;C:IXJ:$VIVJ `%`:C5JQ :IIVJ ]:`CV`VJ`Q`HVIVJ RVC1VJ VJ `VCV:$$CQIX`: 1QJV CVI:1``Q`V 1V`6

R  Q1  ;  `:0Q`1V`  CV  `V$`Q%]VIVJ  VH.J1_%V  V  XHQJQI1_%V  RV  ]`Q]`1X :1`V  `Q`V 1V`5  C: `V `%H %`: 1QJ`QJH1W`VQ%C:$V 1QJ$`Q%]XV;CXH.VCCVR%JI:1``Q`V 1V`6

RQ1 ;`VJ`Q`HV`C:HQI]X 1 101 XRVC:`1C1W`VRV]`QR%H 1QJ5RV`XHQC V5RV `:J`Q`I: 1QJV RV 0:CQ`1: 1QJRV]`QR%1 `Q`V 1V`8

:H.:` V]V% Y `VXC:GQ`XV%`C;1J1 1: 10VRXC%RVHQCCVH 101 XHQJHV`JXV8CCVRQJJVC1V%;RV HQJ0VJ 1QJHQJHC%VVJ `V5R%JV]:` 5%JQ%RV]`Q]`1X :1`V`Q`V 1V`5CV%`I:JR: :1`VQ%CV%` Q`$:J1: 1QJ`V]`XVJ : 10VV 5R:% `V]:` 5RVQ]X`: V%`XHQJQI1_%VQ%CV%`Q`$:J1: 1QJ `V]`XVJ : 10V5RVX :GC1VIVJ ]%GC1H5RV:QH1: 1QJR%:$V`RVC:`Q`Y Q%RV]`Q VH 1QJ RVCVJ01`QJJVIVJ 5RVHQCCVH 101 X V``1 Q`1:CVQ%C : 8

!VHQJ0VJ 1QJ5Q%`XV`0VR%`V]VH RVR1]Q1 1QJR%]`XVJ HQRV5]V%0VJ RQJJV`C1V%; RV:1RV]%GC1_%VVJHQJ `V]:` 1VRVV`01HVXHQJQI1_%V5VJ01`QJJVIVJ :%6V QH1:%6`VJR% ]:`C:`Q`Y CQ`_%1C1JR%1VJ RVHQJ `:1J V]:` 1H%C1W`VQ%RV%`HQ( R1J0V 1VIVJ V RV $V 1QJ8

JVH.:` V`Q`V 1W`VV ]`XVJ V%`CVHQII%JVR%-:7RVC:IV%JVQ1`VV RVV`101W`V8

  %V]C:J1I]CVRV$V 1QJ 

:CX$1C: 1QJ``:JM:1V:1J 1 %XCV]C:J1I]CVRV$V 1QJ^-_VJ V :HQJ`1XC:I1VVJ\%0`V RVHV Q% 1CRVRX0VCQ]]VIVJ V R;VJH:R`VIVJ RVC:`Q`Y ]`10XV``:JM:1V:%6]`Q]`1X :1`V `Q`V 1V`V%6RIYIV5]:`C;1J V`IXR1:1`VR%!VJ `V`X$1QJ:CRVC:]`Q]`1X X`Q`V 1W`V^!7-A_8

:`:J 1VRV$V 1QJR%`:GCV5HVRQH%IVJ `X$CVIVJ :1`VV %J$%1RV]Q%`C:$V 1QJ5`X:C1X]:`CV ]`Q]`1X :1`V]Q%`:`Q`Y 8!;V :%1%JRQH%IVJ RVIXIQ1`V5_%1]V`IV R;:%`V`C:HQJ 1J%1 X RVC:$V 1QJV C: `:JI11QJRVC;V6]X`1VJHV:H_%1V8:CQ1RV:HQJ`1`IXCV`TCVVVJ 1VCR% -R:JCVRX0VCQ]]VIVJ RVC:`Q`Y ]`10XV``:JM:1VV C:1J X$`XR:JC:]QC1 1_%VRV$V 1QJ R%`:GCVRVC:`Q`Y ``:JM:1V8

%RRVC;RVQJ:]VH `X$CVIVJ :1`V5CV]C:J1I]CVRV$V 1QJV %JQ% 1C VH.J1_%V;C;%:$VR% ]`Q]`1X :1`V8

:`XR:H 1QJV C;QHH:1QJRV`:1`VCV]Q1J %`C;X : RV:`Q`Y V %`CV`X%C : RVC:$V 1QJ ]:XV8!V V]`VI1W`VX :]VRV`X`CV61QJ]V`IV RVRX`1J1`CVQG=VH 1`V RVIV `V:%]Q1J CV ]`Q$`:IIVRV$V 1QJ]Q%`CV;]`QH.:1JV:JJXV80VH`1] 1`RV]V%]CVIVJ :%IQIVJ  RV:`XR:H 1QJV $%1RVRV$V 1QJ5CV-V %J]`Q=V RQG=VH 1`;: V1JR`V5:0VHCV VH.J1_%V ]Q%`CV`X:C1V`8

%`C:]:` 1VC:% VQ1`VR%G:1J0V`:J 5 -QJ X X1$JX%`%JV%``:HV$CQG:CVRV .:8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 8  !C??CB ?@:C

8 88 `XCW0VIVJ 1JR% `1VC

V1JR% `1VCRXHC:`VJ ;C$VJHVRVC:%Q1`V>`V :$JVCV%`]`XCW0VIVJ RV:%G`% V;]:` 1`RV I]`XCV0X:JJ%VCCVIVJ 8%`CVG:1J0V`:J 5:%H%J]`XCW0VIVJ JV RXHC:`XHQIIV %]X`1V%`;HVV%1C88

8 888 ;J :CC: 1QJ HC: XV !:` V7

V:H 101 X1JR% `1VCCV]V%0VJ 5_%VCCV_%VQ1 CV%`HQJQII: 1QJR;V:%5:0Q1`%J1I]:H JQ :GCV %`C:`VQ%`HVVJV:%V CVI1C1V%6:_%: 1_%V5; `:0V`7

RV]`XCW0VIVJ VJV:%7

;V:% 1VJ %JV]C:HV1I]Q` :J VR:JCV]`QHXRX1JR% `1VC5V CV1JR% `1VVJQJ Q%0VJ RV $`:JRVHQJQII: `1HV8:_%:C1 XRVC;V:%]V% Y `V:CQ`RX V`I1J:J V]Q%`C:: 1`:H 1QJRV C;%:$V8

RV`V=V 7

JV]:` 1I]Q` :J VRVC;V:%]`XCV0XVV `V=V XV:]`W%:$V^:%`X0:]Q`: 1QJR:JCV]`QHVV  V6]Q` R;V:%VJGQ% V1CCV_8V]QV:CQ`CV]`QGCWIVRV]QCC% 1QJ:QH1XV;HV`V=V 8V`V=V  1JR% `1VCQJ `Q` VIVJ HQJ `TCXH:`JQIG`VRV]`QR%1 QJ 1J V`R1 8!V` :1JVVJ `V]`1V ]QWRVJ  RQJH  %JV  %J1 X  RV  `:1 VIVJ  RV  V:%6  :0:J  `V=V  R:J  CV  I1C1V%  J: %`VC  Q%  %J ]`X `:1 VIVJ :0:J `V=V R:J%JV%J1 XRV `:1 VIVJ HQCCVH 1`8

RV]QCC% 1QJ:HH1RVJ VCCVQ%R1``%V7

V]QCC% 1QJ:HH1RVJ VCCVQJ Q%0VJ C1XV;RV`%1 V%`RV QH@:$V8V]QCC% 1QJR1``%V QJ C1XV:%6Q]X`: 1QJRV`V%7:$V5:%CV10:$VRVQC]QCC%X8

V  X :GC1VIVJ   1JR% `1VC  :7:J  %J 1I]:H 5  :0X`X  Q%  ]Q VJ 1VC5  1$J1`1H: 1`  `VCW0VJ  CV  ]C% Q%0VJ RV:` 1HCV8 RV %10:J R%!QRVRVC;J01`QJJVIVJ ^CQ1RV=%1CCV  HQR1`1XV_5 `VC: 1`  :%6  1J :CC: 1QJ  HC:XV  ]Q%`  C:  ]`Q VH 1QJ  RV  C;VJ01`QJJVIVJ  ^'!-_  Q%I1V  ; :% Q`1: 1QJQ%RXHC:`: 1QJ8

?Q% V`Q15H%I%CXV5CV]QCC% 1QJ1%VRV]V 1 VVJ `V]`1VV RVC;:` 1:J: 5_%1XH.:]]VJ ; HV V`X$CVIVJ : 1QJ5]V%0VJ Y `V1$J1`1H: 10V8

:07^01`VH 1QJ7X$1QJ:CVRVC;J01`QJJVIVJ 5RVCIXJ:$VIVJ V R%Q$VIVJ _1J `%1 CV RQ1V`R;:% Q`1: 1QJRV'!-^CVRXHC:`: 1QJX :J R1`VH VIVJ  `:1 XV]:`CV-`X`VH %`V_5]%1 0X`1`1V_%VCV`V=V QJ HQI]: 1GCV:0VHCVI1C1V%`XHV] V%`VJ V`IVRV_%:C1 XV :0VHCV ]`VH`1] 1QJXJQJHXVR:JCV:``Y X]`X`VH Q`:%68

!VHQJ `TCV;V``VH %V]`1JH1]:CVIVJ %`CV]C%$`QVVJ `V]`1VQ%I1V;:% Q`1: 1QJ^V JQJ HVCCV;RXHC:`: 1QJ5:%`VJH:RV]C:1J V_8

:00--^:JH1VJJV01`VH 1QJRVV`01HVX X`1J:1`V_V `V]QJ:GCV_%:J ;VCCV`V]QJ:GCVR% HQJ `TCVRVXCV0:$V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L JQ% `V5CV`Q`:$V]Q%`CV]`XCW0VIVJ 1JR% `1VC RQ10VJ Y `V X_%1]XRVHQI] V%`5V CV 0QC%IV:JJ%VC]`XCV0XRQ1 Y `VRXHC:`X;C;$VJHVRVC;:%5:`1JRVH:CH%CV`%JV`VRV0:JHV8V X :GC1VIVJ :7:J RV`V=V ]QCC%:J 1I]Q` :J QJ R(IV `VVJ]C:HV%J7 WIVRVHQJ `TCV RVCV%`V``C%VJ ]:`:% QR%`0V1CC:JHV80:JCV%`H:5CV:J:C7VRV`V=V 5`X:C1XV]:`RV C:GQ`: Q1`V:$`XX5QJ X$:CVIVJ  `:JI1V;C;$VJHV]Q%`CVH:CH%CR;:1V VRV]QCC% 1QJ8

8 888 1 H1H%C %`V

0V%6]1H1H%C %`VQJ ]`XVJ V%`CVG:1J0V`:J 7

 %JV]1H1H%C %`V%`CV1$JQJ;A:7%`1$JQJ]`QR%1:J R1``X`VJ VV]WHVRV:CIQJ1RX V RVXH`V01V:IX`1H:1JV5

 %JV]1H1H%C %`V%`CV`%1V:%RV!C:0:;71Q Q`R8

:]1H1H%C %`VRVA:7R%`R1$JQJV %JV'J :CC: 1QJ!C:XV]Q%`C:-`Q VH 1QJRVC;J01`QJJVIVJ  ^'!-_:% Q`1XV8

:]1H1H%C %`VRVA:7%`1$JQJV Q%I1V;:% Q`1: 1QJ^`%G`1_%V'!-7_]Q%`  QJJVRV `%1 V8CCVVJ]`QR%1 :% Q%`RV QJJV8!V V_%:J 1 XV RX=;HQJX_%VJ V:%0%R%RXG1 R% 1$JQJ;HV VJR`Q1 ^:IQJ RVA:7%`1$JQJ_8

8 888 #6 `:H 1QJRV$`:J%C: !:` V71 VRV6 `:H 1QJRVI: X`1:%VJ

  !QJ V6 V`X$CVIVJ :1`V 

V  H.XI:  RX]:` VIVJ :%6  RV  H:``1W`V  ^0!_  RX`1J1VJ  CV  HQJR1 1QJ  R;1I]C:J : 1QJ  RV H:``1W`VR:JCVRX]:` VIVJ 8

'C]`VJJVJ VJHQI] VC;1J X`Y XHQJQI1_%VJ: 1QJ:C5CV`VQ%`HVV CVGVQ1JVJI: X`1:%6R% RX]:` VIVJ V RVRX]:` VIVJ 0Q11J5C:]`Q VH 1QJRV]:7:$V5RV1 VV RVI1C1V%6 J: %`VCVJ1GCV5C:JXHV1 XR;%JV$V 1QJX_%1C1G`XVRVC;V]:HV5 Q% VJ`:0Q`1:J %JV% 1C1: 1QJ XHQJQIVRVI: 1W`V]`VI1W`V8'C`16VJ CVQG=VH 1`;: V1JR`VVJI: 1W`VRV`VI1VVJX : V  RV`X:IXJ:$VIVJ RV1 V8

C:GQ`X]:`C:!QII11QJ0X]:` VIVJ :CVRV!:``1W`V51CQJ VJ%1 V:]]`Q%0X5:]`W:01R% !QJV1CXJX`:C5 ]:`CV -`X`V 8V :% Q`1: 1QJRVH:``1W`V RQ10VJ Y `V HQI]: 1GCV :0VH HV H.XI:8

JQ% `V5CVH.XI:RX]:` VIVJ :%6RVH:``1W`VRQ10VJ Y `VHQI]: 1GCVQ%`VJR%HQI]: 1GCV :0VHCVR1]Q1 1QJRV0V RV8V0Q1`V>`V :$JV]`XHQJ1VJQ :IIVJ C: C1I1 : 1QJRVV6 `:H 1QJVJC1 I:=V%`8

%`CV V``1 Q1`VR%5RV H.XI:RX]:` VIVJ :%6RVH:``1W`VQJ X X:]]`Q%0XVJC:% V Q1`VCV LL 5VJ R:JC:Q1`VV C`RWH.V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L   %VH:``1W`VR%G:1J0V`:J    

-Q1R:% Q`1XVJ QJJV !QII%JV ?7]VRV6 `:H 1QJ ]:`:J ;QJ `V$:`R 7QH.VIX :IQ`].1_%V  V1CCV V 7QH.VIX :IQ`].1_%V  1J$V:%6 :0V5G::C V  `:%CV :0V5G::C V  V!.:IGQJ%`1$JQJ 7QH.VIX :IQ`].1_%V 5QJ]`XH1X

?:GCV:%7!:``1W`VQ%I1V;:% Q`1: 1QJ%`CVG:1J0V`:J

8 88

$VJHV RV C:%Q1`V >`V :$JV ]V`MQ1  %JV `VRV0:JHV RV  C:  ]:`  RV 1JR% `1V `V=V :J RV V``C%VJ 8JVV 1I: 1QJRV`C%6RVR1``X`VJ HQI]Q:J V `X:C1XV]:`C$VJHVRVC:%VJ `QJH 1QJR% 7]VR:H 101 XV R%JQIG`VRV:C:`1X85X:JIQ1J5CV`: 1Q]:`:H 101 X% 1C1X]Q%` HVH:CH%CQJ ]V%]`XH1V HV V:J:C7VRQJH `W:]]`Q61I: 10V8CCVJV RQJH]:]`XVJ XV R:JHVRQH%IVJ 8

eaux usées Nom industrie Localisation Nature activité rejetées Fabrication d'autres vêtements et EURALIS SAS YSSINGEAUX Domestiques accessoires Préparation industrielle de LES MONTS DE LA ROCHE SAS TENCE Industrielles produits à base de viande Industries Préparation industrielle de SA SALAISONS DU LIGNON ST MAURICE DE LIGNON Industrielles raccordées produits à base de viande Préparation industrielle de SALAISONS AB SARL ST MAURICE DE LIGNON Industrielles produits à base de viande Préparation industrielle de SOUCHON D'AUVERGNE ST MAURICE DE LIGNON Industrielles produits à base de viande APM MONTFAUCON SAS MONTFAUCON EN VELAY Mécanique générale Domestiques Industries non LAITERIE DES MONTS raccordées ARAULES Fabrication de beurre Industrielles YSSINGELAIS GERENTES SA Industries avec un raccordement ETS VIAL FRERES SAS DUNIERES Visserie et boulonnerie Domestiques inconnu ?:GCV:%71 VRV1JR% `1VQ%I1V;C:`VRV0:JHVRVC$VJHVRVC:%Q1`V>`V :$JVVJ

JVX %RV:X X`X:C1XVVJ ]:`A`XRX`1H507CQ`R%J :$V:%V1JR%'!R:J CV  H:R`V  RV  CXC:GQ`: 1QJ R% !QJ `:  V``1 Q`1:C  C:%  1$JQJ :`1J  RV  R1:$JQ 1_%V`  CV  `1_%V  RV ]QCC% 1QJ1JR% `1VCCVV :` 1:J:CV%`HV V``1 Q1`V8 V VJV%`VJIX :%6R:JCV]C:JRV:%RV:0:CV VQJ HGQJJVI:%`]Q%`CVH.`QIV5 CVJ1H@VC5CV]CQIGV CV<1JHI  8VCQJHV VX %RV5QJ ]`1JH1]:CVIVJ HQJHV`JXVCV:H 101 XRV `:1 VIVJ R%GQ1]Q%`CVH.`QIV5RVC;%1J:$VV R% `:1 VIVJ RVIX :%65V R% `:J]Q` ^CV ]CQIG`V 1`XRVH:`G%`:J V VJHQ`VG1VJ]`XVJ R:JCVG: V`1V_]Q%`CV:% `VIX :%68: ]`XVJHVRVI1H`Q]QCC%:J Q`$:J1_%V5HQIIVCVC-5V X$:CVIVJ RX VH XV80V]`QHXRXR% VH V%`RVC:IX :CC%`$1VV R% `:J]Q` QJ %HV] 1GCVRVCV]`QR%1`V8

 Q%`HV707%0V`$JV5  Q%`HV7 -`Q$`:IIV RV%101RV]C:JR;V:%8$VJHVRVC;:%Q1`V>`V :$JV8 8 ]8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L J`1J5C:]`XVJHVRVR1].XJ7CX .V`G`QIXV RV]. :C: V]V% Y `VC1XV:%6_%VC_%V%1JV RV `:J`Q`I: 1QJQ%R;%1J:$VRVI: 1W`V]C: 1_%V5:H.:J _%;1CHQJ 1 %VJ %JV1I]Q` :J V Q%`HV]Q VJ 1VCCVRVHVHQI]QX8 8 88 1 V]QCC%X !:` V7JH1VJ1 V1JR% `1VC !:` V7?J0VJ :1`VRV1 V1JR% `1VC;XI11QJ]QCC%:J V J1 V]QCC%XV %J1 V_%15R%`:1 R:JH1VJRX]T RVRXH.V Q%R1J`1C `: 1QJRV%G :JHV ]QCC%:J V5]`XVJ V%JV]QCC% 1QJ%HV] 1GCVRV]`Q0Q_%V`%JVJ%1:JHVQ%%J`1_%V]X`VJJV ]Q%`CV]V`QJJVQ%CVJ01`QJJVIVJ 8 !V1 %: 1QJQJ Q%0VJ R%V;R:JH1VJJV]`: 1_%VQII:1`VRXC1I1J: 1QJRVRXH.V 5I:1 :%1;RV`%1 VQ%;RVX]:JR:$VRV]`QR%1 H.1I1_%V5:HH1RVJ VCQ%]:8'CV61 VX$:CVIVJ  :% Q%`  RV  HV` :1J  1 V  RV  HQJ :I1J: 1QJ  R%V  ;  RV  `V QIGXV  RV  `V=V   : IQ].X`1_%V :HH%I%CX:%HQ%`RV:JJXV0Q1`VRVRXHVJJ1V8 :]QCC% 1QJ]`XVJ V%JH:`:H W`VHQJHVJ `X5;:0Q1`RV VJV%`Q%0VJ XCV0XVV %`%JV%``:HV `XR%1 V  ^_%VC_%V R1<:1JV  R.VH :`V  :% I:61I%I_8  CCV  V  R1``X`VJH1V  RV  ]QCC% 1QJ  R1``%V5 HQIIVHVCCVR%V;HV` :1JV]`: 1_%V:$`1HQCVQ%:%6`V QIGXVRVC:]QCC% 1QJ:% QIQG1CV]`W RV$`:JR:6V`Q% 1V`8 0XCVRXG% RV:JJXV 5C:A`:JHV;V : :H.XV;HV`JV`C;:I]CV%`RVVJ=V%6]:`%JV %HHV1QJR;1J0VJ :1`VRV1 V_%1:RQJJXJ:1:JHV;7 R>'^1J0VJ :1`V.1 Q`1_%VRV1 V1JR% `1VCV :H 101 XRVV`01HV_6 R  >2  ^1J0VJ :1`V  RV  1 V  ]QCC%X  Q%  ]Q VJ 1VCCVIVJ  ]QCC%X  _%1  :]]VCCVJ  %JV  :H 1QJ  RV C;:RI1J1 `: 1QJ_8 !VRV%6Q% 1C5`X$%C1W`VIVJ I1;=Q%`5HQJ 1 %VJ :%=Q%`R;.%1RVQ% 1C]`XH1V%6RV$V 1QJRV QC]QCC%XV R;:IXJ:$VIVJ R% V``1 Q1`V8:]QC1 1_%VJ: 1QJ:CVVJ V`IVRV$V 1QJRV1 VV  QC]QCC%XV :6XV%`C:]`X0VJ 1QJRV]QCC% 1QJ`% %`V5C:HQJJ:1:JHVHQI]CW VRV`1_%V ]Q VJ 1VCV CV `:1 VIVJ :R:] X;C;1I]:H ]Q VJ 1VCR%1 V%`C;VJ01`QJJVIVJ %10:J C;%:$V `% %`8:I1VVJ\%0`V;V``VH %V]`1JH1]:CVIVJ R:JCVH:R`VRVC:CX$1C: 1QJ%`CV'!-8

8 888 ';1J0VJ :1`V/! ;!

:I:=Q`1 XRV:JH1VJ1 V1JR% `1VCV ]Q VJ 1VCCVIVJ ]QCC%XHQ``V]QJRVJ :%6:JH1VJJV RXH.:`$VI%J1H1]:CVV HV5RVI:J1W`VR1]V`XV%`CVJVIGCVR%G:1J0V`:J 8QJ :%1 `V]`XVJ XR:JH1VJ1 VRV6 `:H 1QJRVI: X`1:%6V R:JH1VJJVH1V`1V80:JCVQ%RG:1J 0V`:J RVC:0%J1W`V5RV:JH1VJ1 VRV `:J`Q`I: 1QJR%]C: 1_%VQJ 1J0VJ Q`1X8

% Q :C5 1 VR:JH1VJJV:H 101 X1JR% `1VCCVQJ `VHVJX%`CV V``1 Q1`V8

8 888 '1J0VJ :1`V/! '

0V%6:H 101 XQJ JXHV1 X%JVI1VVJXH%`1 XR%1 VV %JV1J V`R1H 1QJR:HHW7C:`Q`$VRV  ;:%`1HVRV1$JQJV CV:JH1VJJVI:J%`:H %`VRV V6 1CVRV71Q Q`R8!VRV`J1W`VQJ `:1 CQG=V  R%JVRX]QCC% 1QJVJ80V:``Y XI%J1H1]:%6QJ X X]`1;]C%1V%``V]`1V1J V`R1:J  C% 1C1: 1QJRVV:%6RV`%1VCCVIVJ :%6:CVJ Q%`RV`Q`$VRV ;:%`1HVVJ`:1QJRV]QCC% 1QJ ;C:`VJ1H5:%>:`7C1%I5:%51H@VC5:%H.`QIVV :%6.7R`QH:`G%`V8

8 8  <8:!C?8@ +:<8B%!C

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 88 %VH:R`V`X$CVIVJ :1`V

:HQJ1 :JHVCX$:CVR%R`Q1 R;V:%RX`1J1VC;VJVIGCVRV]`1JH1]:CVH:`:H X`1 1_%VR%R`Q1 ; C;%:$VRVC;V:%RQJ V  1 %C:1`VCV]`Q]`1X :1`V8!VR`Q1 RV:%]V% Y `V`QJRXVJ 1 `V5Q%CV `X$1IVRVC:% Q`1: 1QJ^`QJRX%` 1 `V_Q%Q%CV`X$1IVRVC:HQJHV1QJ8

0:JCVC1I1 V`16XV]:`C:`X$CVIVJ : 1QJ5C:HQJ1 :JHVCX$:CVR%R`Q1 R;V:%]`VJRVJHQI] VC: .:% V%`RVH.% V5CVJQIG`VV C: :1CCVRV0:JJ:$V5C:]%1:JHVIQ `1HV_%1VJ`X%C V5CV IQR:C1 XR;% 1C1: 1QJRVC:`Q`HVIQ `1HV^C1I1 VR:JCV VI]59_8

?Q%  Q%0`:$V  JQJ  HQJJ%  RV  V`01HV  RV  C; :  JV  R1]QV  R;:%H%JV  V61 VJHV  CX$:CV8  V%` ]`Q]`1X :1`VV RVHV`:1 VJ1J``:H 1QJ01R;R01RVC:CX$1C: 1QJ``:JM:1V8

  :`Q1 RV:%`QJRXVJ 1 `V 

:  `Q`HV  IQ `1HV  RV  C;V:%  V  % 1C1XV  RV]%1  RV  1WHCV8  V  R`Q1  :H %VC  V  1%  R;X0QC% 1QJ CX$1C: 10V  V  =%`1]`%RVJ 1VCCV  I:`_%XV  RV]%1  C:  7X0QC% 1QJ  ``:JM:1V  RV    ]:`  RV ].1CQQ].1VR1``X`VJ V_%1QJ `Q` VIVJ 1I]`X$JXVCVH:R`VCX$:CRVQ%0`:$V.7R`:%C1_%V8

1J151C:7X0QC% 1QJ;V 0Q%C%VHQIIV%JV`%] %`V:0VHC;JH1VJ7X$1IV5VCCVJ;VJ:]:]Q%` :% :J I1`1J; Q%CVR`Q1 _%1VJX :1VJ 1%8

VIQ%C1JHQJ `%1 %`CVHQ%`R;V:%JQJRQI:J1:%6^]`10X_:0:J  HQJV`0VJ VJV``V %J `X$1IV]:` 1H%C1V`V QJ RWCQ`GXJX`1H1:1`VR;%JHR`Q1 R;V:%`QJRXVJ 1 `VI5HVQJ CV%1JV V IQ%C1J:7:J %JVV61 VJHVCX$:CV8

  

H %VCCVIVJ 5C;% 1C1: 1QJRVC;XJV`$1V.7R`:%C1_%VV `X$1VVJA`:JHV]:`C:CQ1R% QH QG`V  5 IQR1`1XVJQ :IIVJ ]:`C:;R%RXHVIG`V 5_%1:1J :%`XC:JQ 1QJRVHR`Q1 R;V:%I8

V6]CQ1 : 1QJRVCXJV`$1V.7R`QXCVH `1_%VV Q%I1V:%`X$1IVRVC;:% Q`1: 1QJ]Q%`CVQ%0`:$V JX :J ]:`QJRXVJ 1 `VQ%RQJ C:`Q`HVIQ `1HVV HQI]`1VVJ `V @V  @8

Q%CV`X$1IVRVC;:% Q`1: 1QJ5CV1J :CC: 1QJ:]]:` 1VJJVJ 5VJ$XJX`:C5:%]V`I11QJJ:1`V_%1 CVV6]CQ1 VR:JCV`V]VH RV]`VH`1] 1QJRV]QC1HVRVC;V:%`16XV]:`:``Y X]`X`VH Q`:CVJHQ`V :]]VCXH`W$CVIVJ R;V:%I8VR`Q1 R;V:%QJ :CQ`_%:C1`1XHQIIVH`QJRX%` 1 `VI8

V  VJ `V]`1V  RQJ  CQ%0`:$V  :  %JV  V61 VJHV  CX$:CV  ^`QJRX  VJ  1 `V  Q%  RQJ  CV61 VJHV  V  :J X`1V%`V  ;   _  Q%  RQJ  C:  `Q`HV  IQ `1HV  JV6HWRV]: @QJ V6HC%VRVHV V `X$CVIVJ : 1QJ8

  

% 1C1: 1QJRVC;XJV`$1V.7R`:%C1_%VV Q%I1V:%`X$1IVRVC:HQJHV1QJ]Q%`CVVJ `V]`1V RQJ C:]%1:JHVIQ `1HVV6HWRVCV @8

Q%CV`X$1IVRVC:HQJHV1QJ5CV1J :CC: 1QJ^G:``:$V5H:J:%6R;:IVJXVV RV`%1 V5HQJR%1 V `Q`HXV5 V``:1JVJJQ7X5V H8_:]]:` 1VJJVJ ;C; : _%1VJRXCW$%VC:HQJ `%H 1QJV C;V6]CQ1 : 1QJ ;%JHQJHV1QJJ:1`V%`C:G:VR;%JH:.1V`RVH.:`$V8:CX$1C: 1QJ%`C;V:%V :]]C1_%XV; `:0V`CV]`QHXR%`VV  V6 VR;:]]C1H: 1QJRVC:CQ1RV  5]XH1`1_%V:%6HQJHV1QJ8

JQ V`_%VCVRX0VCQ]]VIVJ RVJQ%0VCCVHVJ `:CV.7R`QXCVH `1_%V:X X`VC:JHX]:`C:R1`VH 10V V%`Q]XVJJVL L!R% V] VIG`V]Q` :J %`C:]`QIQ 1QJRVC;XCVH `1H1 X;]:` 1`RV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L Q%`HVR;XJV`$1V`VJQ%0VC:GCV8CCV:X X `:J]QXVVJR`Q1 ``:JM:1]:`C:CQ1R%=%1CCV   `16:J CVQ`1VJ : 1QJRVC:]QC1 1_%VXJV`$X 1_%V8

  %VHQJ `:1J V`X$CVIVJ :1`VC1XV;C;1J :CC: 1QJV :%6X_%1]VIVJ RVQ%0`:$V 

VHQJ `:1J VVJ V`IVRV]`Q VH 1QJRVHQ%`R;V:%C1I1 VJ CV]V`]VH 10VR;Q%0V` %`VRV JQ%0V:%61 V80VHQJ `:1J V01R;R01RVCV%`1I]C:J : 1QJV RVCV%`X_%1]VIVJ QJ RX`1J1V; `:0V`HC:VIVJ 7

R%`CV`101W`VR1 VH`XV`0XVI:% 1 `VRVC:CQ1R% QH QG`V  5:%H%JV:% Q`1: 1QJQ% HQJHV1QJJ;V RQJJXV]Q%`CVVJ `V]`1V.7R`:%C1_%VJQ%0VCCV8

R%`CV`101W`VR1 VHHC:XVI:% 1 `VRVC;:` 1HCVR R%!QRVRVC;J01`QJJVIVJ 5CV 1J :CC: 1QJ  QJ  C;QGC1$: 1QJ  R;:%`V`  C:  C1G`V  H1`H%C: 1QJ  RV  V]WHV  H1 XV  R:J  C:  C1 V R;:HHQI]:$JVIVJ R:J%JRXC:1RV :J;HQI] V`RVC:R: VRV]:`% 1QJRVHV VC1 V8

!V V`X$CVIVJ : 1QJV`:H:R%_%VRWC:]:`% 1QJRVC:``Y XR%-`X`V RVG:1JHQJHV`J:J C:` 1HCV R 8 CCVV`:`VI]C:HXV]:`%JVC1 VV HQJ`Q`IXIVJ ;C;:` 1HCV8R R%!QRVRV C;J01`QJJVIVJ 8!V V`X$CVIVJ : 1QJV ]C%C:`$VIVJ `V]`1VR:JCV]:`:$`:].V888

  %VHQJ `:1J V`X$CVIVJ :1`VC1XV;C:`V 1 % 1QJRVRXG1  

'J :%`XQ``1H1VCCVIVJ ]:`C:CQ1RV  ]Q` :J %`C;% 1C1: 1QJRVC;XJV`$1V.7R`:%C1_%V5CVRXG1  `XV`0X:X XRX`1J1HQIIVCVRXG1 I1J1I:C;HQJV`0V`R:JCVC1 J: %`VCRVC:`101W`VVJ `VC:]`1V R;V:%V C:`V 1 % 1QJRVV:%6VJ:0:CR%JVHVJ `:CV.7R`QXCVH `1_%V8!VRXG1 V HVJX$:`:J 1`CV `QJH 1QJJVIVJ I1J1I:CRVXHQ7 WIV8

:CQ1]YH.VRV :VJ%1 V`16XRV`:MQJJQ`I: 10VCVRXG1 `XV`0X:%LWIVR%RXG1 :JJ%VC IQ7VJ^IQR%CV_]Q%` Q% JQ%0VC:IXJ:$VIVJ V :%LWIV]Q%`CV:IXJ:$VIVJ V61 :J  :0:J  8!V V`X$CVIVJ : 1QJ;:]]C1_%V%J1_%VIVJ %`CVHQ%`R;V:%RQJ CVIQR%CVV  1J`X`1V%`; IL8

:CQ1%`C;V:%V CVI1C1V%6:_%: 1_%V1I]QV%JV`X011QJRVHVRXG1 `XV`0X]Q%`  :`1JRV CV0V`CV:H_%1C1X:%6`W$CVIVJ :JH1VJQ%:% : % =%`1R1_%V]:` 1H%C1V`RVHV` :1JQ%0`:$V ^`QJRXVJ 1 `V_8 %VRXG1 `XV`0XRV0`:Y `V:%I1J1I%IRVLWIVR%IQR%CV]Q%` Q%CV G:``:$V 7HQI]`1HV%6`QJH 1QJJ:J %`CVLWIVR%IQR%CV^:%`V6HV] 1QJ_8

0VH  C:  0!  V  :`1J  RV  I1V%6  ]`VJR`V  VJ  HQI] V  CV  HQJ V6 V  CQH:C5  RV  H  RXG1   I1J1I%I G1QCQ$1_%VI5RXG1 $:`:J 1:J VJ]V`I:JVJHVC:01V5C:H1`H%C: 1QJV C:`V]`QR%H 1QJRVV]WHV5 V`QJ  RV  ]C%  VJ  ]C%  ]`1  HQIIV  `X`X`VJHV8  J  V``V 5  ]Q%`  HV` :1J  HQ%`  R;V:%5  %J  RXG1  HQ``V]QJR:J :%LWIVR%IQR%CV]V% ;:0X`V` `W]XJ:C1:J ]Q%`CV`QJH 1QJJVIVJ RV I1C1V%6:_%: 1_%V8$:CVIVJ 5VJ`QJH 1QJRV:1QJ5C:0:`1: 1QJJ: %`VCCVRVRXG1 `7 .IVCV `QJH 1QJJVIVJ R%HQ%`R;V:%8'CV RQJHH:]1 :C_%VIYIVCQ`R;%JV:` 1`1H1:C1: 1QJRVRXG1 5CV `X$1IV.7R`QCQ$1_%VQ1 `V]VH X8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 88 %V1I]:H RV1J :CC: 1QJ.7R`QXCVH `1_%V

V1J :CC: 1QJJXHV:1`V;C;% 1C1: 1QJRVC;XJV`$1V.7R`:%C1_%V5G:``:$VV RX`10: 1QJ5QJ RV 1I]:H %`C;.7R`QCQ$1V^`XR%H 1QJRVRXG1 %`CV `QJMQJHQ%` RH1`H%1 X_5C:IQ`].QCQ$1V^`VIQ% R%V%1C5]V` VR;.:G1 : :_%: 1_%V_V C:HQJ 1J%1 XXHQCQ$1_%V^QG :HCV;C:H1`H%C: 1QJRV V]WHVV :% `:J]Q` RVXR1IVJ _8

%RRVC;RV1I]:H VJ$VJR`X]:` Q% Q%0`:$V `:J0V`:CR:JCVC1 I1JV%`R;%JHQ%`R;V:%5C: ]`XVJHVR;%JVI1H`QHVJ `:CV]V% VJ `:4JV`%JV]V` VJQ :GCVVJ]Q1QJ8:RX`10: 1QJR%RXG1  0V`C: %`G1JV: 1`VCV]Q1QJRX0:C:J _%15VJC;:GVJHVR;X_%1]VIVJ ^$Q%CQ VRVRX0:C:1QJ5 $`1CCV_50Q1VJ CV%` :%6RVIQ` :C1 X]C%Q%IQ1J:HH`%%1 V;CV%`]::$VR:JCV %`G1JV8 $:CVIVJ 5CVRXG1 1I]Q` :J :``10:J R%H:J:CRV`%1 V:%]Q1J RV`V 1 % 1QJR:JCVHQ%`R;V:% ]V` %`GVCV]Q1QJI1$`:J 0V`C;:IQJ RQJ %JV]:` 1VHQJX_%VJ V0: VJ V`RV`VIQJ V`0V` C:HVJ `:CV:%C1V%R%G:``:$VQ&%JV]:V;]Q1QJ:5CVH:XH.X:J 5X X1J :CCXV8J`1J5RV X %RV5`X:C1XV%`RVG:1J0V`:J :% `V_%VCVG:1J0V`:J R%1$JQJR%VC:75IQJ `VJ  _%%JV]V` VRVG1QI:V]Q%0:J :CCV`=%_%;; QR:JCV `QJMQJHQ%` RH1`H%1 X:C1IVJ X:%  WIV R%IQR%CV]V% Y `V]`Q0Q_%XV]:`CVQ%0`:$VRV]V 1 VHVJ `:CV8

8 88 8%0`:$V.7R`QXCVH `1_%V

8 888 QJ RV'1$JQJV 

V  G:``:$V  RV  -QJ  RV  1$JQJ    V    QJ  HQIIV  %:$V  C:  ]`QR%H 1QJ  R.7R`QXCVH `1H1 X8 :% Q`1: 1QJRV6]CQ1 V`HVQ%0`:$V:X X:HHQ`RXV;0A]:`:``Y X]`X`VH Q`:CVJR: VR% :Q(   8

VV%1CRV-QJ RV1$JQJ^VJ:IQJ RV-QJ RV1$JQJ_V X_%1]XR%JV]:V;]Q1QJRV 7]V]:V;G:1JRV]%1 8VV%1CRV-QJ RV1$JQJV 1 %X;IQ1JRV@1CQIW `VRVC: HQJ`C%VJHV  :0VH  C:  Q1`V8  Q`  RV  C1J `%H 1QJ  R%  `VJQ%0VCCVIVJ  RV  C:% Q`1: 1QJ  RV6]CQ1 V` C:IXJ:$VIVJ VJ 51C:0:1 X XRXH1RXRV`VJQJHV`;C:IXJ:$VIVJ R%JV]:V;]Q1QJ:`1J RX01 V`C:`VIQJ XVRVHV` :1JVV]WHVJQJRX1`XVRV]%1C:Q1`V0V`CV1$JQJ8HV=Q%`5CV :01%`C1J X`Y RV`X :GC1`C:HQJ 1J%1 XVJC:Q1`VV CV1$JQJ:0:CQJ ]:` :$X8V:01R10V`$VJ  VJ `VC:A0--;V C25;`:0Q`:GCV;%J:IXJ:$VIVJ V 0A8

!VV%1CQJ RVQ%0`:$V `%H %`:J H:`1CHQJ 1 %VJ CV]`VI1V`QG :HCV;C:HQJ 1J%1 X XHQCQ$1_%V1QC:J CVG:1J0V`:J R%1$JQJR%VC:7RVC:Q1`V8VV%1CRV-QJ RV1$JQJV VJ V``V 1 %X;IQ1JR%J@1CQIW `VRVC:HQJ`C%VJHVVJ `VC:Q1`VV CV1$JQJR%VC:78

-QJ RV1$JQJ -QJ RV1$JQJ  !QII%JV :1J ;:%`1HVRV1$JQJ :1J ;:%`1HVRV1$JQJ C:% V%`RVCQ%0`:$V I I JJXVRVI1VVJV`01HV    0XG1 I:61I%IRX`10X 5IL 5 IL 01 :JHVG:``:$VR 5 @I 5 @I HQJ`C%VJHV:0VHC:Q1`V

?:GCV:% 7-`1JH1]:CVH:`:H X`1 1_%VRVG:``:$V-QJ RV1$JQJV 

 Q%`HV70A

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 888 'VG:``:$VRV':0:CV V

VG:``:$VRV:0:CV V:X XHQJ `%1 VJ ]Q%`:C1IVJ V`C:1CCVRV:1J R 1VJJVVJV:% ]Q :GCV5]Q%`%JV.:% V%`RV IW `VV %JVH:]:H1 XRV QH@:$VRV I1CC1QJRVI8

'CV`:%`XCV0XVJ  ]Q%`: V1JR`V%JV.:% V%`I:61I:CVRVI%`RV IW `VV %JVH:]:H1 X RV QH@:$VRVI1CC1QJRVI8

:HQ VI:61I:CVR;V6]CQ1 : 1QJV ;C:HQ V 85A5HQ``V]QJR:J ;%JV%``:HVRV`V VJ%VRV C;Q`R`VRV .:8:0QH: 1QJ]`1JH1]:CV`V VC;:C1IVJ : 1QJVJV:%]Q :GCVRVC:`X$1QJ X].:JQ1V V RV]C%1V%`HQII%JVRVC:% VRQ1`V1 %XV%`Q%;C;V6 X`1V%`VR%G:1J0V`:J 5Q1 ]C%RV ]V`QJJV:% Q :C8

-:`:1CCV%`5%JVHQJ0VJ 1QJR%=%1CCV  VJ `VC:01CCVRV:1J R 1VJJVV 0A5C%1HQJ`W`V X$:CVIVJ %J`TCVR:JC:]`QR%H 1QJR;.7R`QXCVH `1H1 XR:JCV$Q`$VR%1$JQJ ^%1JVRV V`1C.:H5RVVJRV V RV-QJ RV1$JQJV _8

8 888 'VG:``:$VRVC: .:]VCV V

:G:``:$VRV:!.:]VCV V:X XHQJ `%1 1I%C :JXIVJ ;HVC%1RV:0:CV V]Q%`V`01`RV`V VJ%V RV]`1VR;V:%]Q%`C;:_%VR%HR;:C1IVJ : 1QJVJV:%]Q :GCVRVC:01CCVRV:1J R 1VJJV8

:H:]:H1 XRV QH@:$V Q :CVV R;VJ01`QJI]Q%`%JV.:% V%`RVI%`RV 8 IW `VV  %JVHQ VJQ`I:CVR;V6]CQ1 : 1QJ;  5A8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 888 'V Q%0`:$V :% Q`1 X V LQ%`QJRX VJ 1 `V

VQ%0`:$V:7:J %JVV61 VJHVCX$:CVQJ Q1 :% Q`1XQ1 `QJRXVJ 1 `V8V :GCV:%%10:J   ]`XVJ VCVQ%0`:$VRV]`QR%H 1QJ.7R`QXCVH `1_%VHQJJ%%`CVG:1J0V`:J 8

Puissance Prélèvement Cours Situation de maximale maximum Date Année Permissionnaire Débit réservé d'eau l'usine brute en autorisé autorisation D'expiration KW (m³/s)

Usine de M. GRANGETTE Salettes 200 L/s du 01/10 au 31/03, Lignon 554 2,5m³/s 21/03/1936 2011 SARL DEM'HYDRO Le Mazet St- 280 L/s du 01/04 au 30/09 Voy

Le Chambon Lignon Minoterie JOUVE 45 45 L/s 0,8 m³/s Non précisé Non précisé sur Lignon Hydrosolaire du Magnac 43-Le Lignon Lignon-CHANAVAT Chambon sur 134 327 L/s 3,6 m³/s Non précisé Non précisé Jean-Michel Lignon BILLAMBOZ Moulin du Lignon 114 200 L/s 3,83 m³/s 05/10/2006 Non précisé Edouard Pêcher-Tence Barrage de E D F Groupement 200 L/s du 01/10 au 15/05, Lignon Lavalette 16800 18 m³/s 11/12/1952 2012 300 L/s du 16/05 au 30/09 Lapte Usine de E D F Groupement Versilhac 500 L/s du 01/10 au 15/05, Lignon 9800 6,5 m³/s 11/12/1952 2012 Loire Vendet 700 L/s du 16/05 au 30/09 Lapte Pont de E D F Groupement Lignon(1) St- 1,12 m3/s du 01/10 au 30/04, Lignon 2852 6,9 m³/s 08/07/1998 2028 Loire Maurice de 2,24 m3/s du 01/05 au 30/09 Lignon Pont de Lignon E D F Groupement (2) 1,14 m3/s du 01/10 au 30/04, Lignon 1133 11,5 m³/s 09/07/1998 2028 Loire St-Maurice de 2,24 m3/s du 01/05 au 30/09 Lignon Les Mazeaux Mazeaux M René DEMARS 111 60 L/s 0,8 m³/s 06/08/1968 2043 Tence Usine de la SARL CHABANON 400 L/s du 16/10 au 31/03 fonde en titre Dunière Pervenchere 160k 2,5 m³/s 2027 Joël 580 L/s du 01/04 au 15/10 19/10/1987 Dunieres SARL CHABANON Le Solier 400 L/s du 16/10 au 31/03 ancien droit d Dunière 160 2,5 m³/s Non précisé Joël Dunieres 580 L/s du 01/04 au 15/10 eau ?:GCV:% 72%0`:$VRV]`QR%H 1QJ.7R`QXCVH `1_%VR%G:1J0V`:J 8

 Q%`HV700?C:% VQ1`V58

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 88 Q VJ 1VC.7R`QXCVH `1_%V

8 888 QJ V6 V

:` 1HCV7R R%HQRVRVCVJ01`QJJVIVJ ]`X0Q1 _%VCX : RVC1V%6RVHQI]`VJR%JV X0:C%: 1QJR%]Q VJ 1VC.7R`QXCVH `1_%V]:`

8 888 G=VH 1`

!V VX0:C%: 1QJHQJ1 V;]`XVJ V`RVRQJJXV`:H %VCCV]Q` :J %`CV]Q VJ 1VC.7R`QXCVH `1_%V RV:IXJ:$VIVJ VJ]C:HVV RVVH V%`JQJX_%1]X7]Q VJ 1VCVJ V`IVRV]%1:JHV^V6]`1IX VJ@_5V VJ V`IVRV]`QR%H 1GCV^_%:J 1 XR;XJV`$1V%HV] 1GCVRY `V]`QR%1 V5V6]`1IXVVJ @._8

8 888 X .QRV

1J15  CV  0  R  :  `X:C1X  %J  G1C:J  XJV`$X 1_%V  _%1  V  `:R%1  JQ :IIVJ  ]:`  C: _%:J 1`1H: 1QJRVC;1I]:H RVVR1]Q1 1QJ%`CV1J :CC: 1QJ.7R`QXCVH `1_%VV61 :J VV %`CV ]Q VJ 1VC.7R`QXCVH `1_%V8!QJ`Q`IXIVJ ;C:0QCQJ XR%;1J1 W`VRVC;'JR% `1VRV`VJR`V]%GC1_%V C;X0:C%: 1QJR%]Q VJ 1VCRVRX0VCQ]]VIVJ RVXJV`$1V`VJQ%0VC:GCV5C;$VJHVRVC;:%Q1`V >`V :$JV:`:1 `X:C1V`CX0:C%: 1QJR%]Q VJ 1VC.7R`QXCVH `1_%V]:`CVG%`V:%RX %RV2;'VJ  8

JV V6 `:H 1QJ ; CXH.VCCV R%G:1J0V`:J R%  R% 1$JQJR% VC:7  ]V`IV RX0:C%V`CV ]Q VJ 1VC.7R`QXCVH `1_%V%`C:G:VRVRQJJXVRV 8

X0:C%: 1QJ1RVJ 1`1V7

 CV]Q VJ 1VCRQ] 1I1: 1QJ5RV%`X_%1]VIVJ 5Q% RV %`G1J:$VRVRXG1  `XV`0XRV HVJ `:CVV61 :J V5

 CV]Q VJ 1VCR;1J :CC: 1QJJQ%0VCCV%`RVH.% VV61 :J V5

 CV]Q VJ 1VCR1J :CC: 1QJJQ%0VCCV%`RVH.% VJQ%0VCCV8

0V]C%5%JV:J:C7VRVHV]Q VJ 1VC:X X`:1 VVJ`QJH 1QJRV`X$CVIVJ : 1QJV61 :J V%`CV V``1 Q1`VR%1$JQJR%VC:77

 -Q VJ 1VCJQJIQG1C1:GCV7`101W`V`XV`0XV:% 1 `VRVC:CQ1R% QH QG`V  6

 -Q VJ 1VC `WR1``1H1CVIVJ IQG1C1:GCV71 V1JH`1 51 VHC:X6

 -Q VJ 1VCIQG1C1:GCVQ%HQJR1 1QJ `1H V71 V5: %`:5HQ%`RV:%HC:XR 5 RXC1I1 : 1QJRV

1J15  _%: `V  HC:V  RV  ]Q VJ 1VC  QJ  X X  RX`1J1V7  ]Q VJ 1VC  JQJ  IQG1C1:GCV5  ]Q VJ 1VC  `W R1``1H1CVIVJ  IQG1C1:GCV5  ]Q VJ 1VC  IQG1C1:GCV  Q%  HQJR1 1QJ   `1H V  V  ]Q VJ 1VC  IQG1C1:GCV JQ`I:CVIVJ 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L 8 888 5X %C :  %`CVG: 1J0V` :J R%'1$JQJR%VC:7

VG:1J0V`:J R%1$JQJR%VC:7V X_%1]XRV HVJ `:CV.7R`QXCVH `1_%V]Q%`%JV]%1:JHV G`% V1J :CCXVRV 5;8:IQ1 1XRVHV V]%1:JHVG`% VV ]`QR%1 V]:`C%1JVRVV`1C.:H8 V Q%0`:$V RV VJRV 5 -QJ RV 1$JQJ V  $X`X ]:`0A :=Q% X  ; C%1JV RV V`1C.:H ]`QR%1VJ  QRVC:]`QR%H 1QJ Q :CVR%G:1J0V`:J  8

Q VJ 1VC %1:JHV Q VJ 1VC `W IQG1C1:GCV Q VJ 1VC Q VJ 1VCJQJ C7]VRQ%0`:$V ]Q VJ 1VCCV R1``1H1CVIVJ  Q% IQG1C1:GCV IQG1C1:GCV ^@_ IQG1C1:GCV HQJR1 1QJ JQ`I:CVIVJ  `1H V 2] 1I1: 1QJ RQ%0`:$V  RR RR RR  V61 :J  _%1]VIVJ      RR  RQ%0`:$VV61 :J 2%0`:$VJQ%0V:%6      RR RR  C8C%        

?:GCV:% 7-%1:JHV]Q VJ 1VCCVRV]`QR%H 1QJ.7R`QXCVH `1_%V%`CVG:1J0V`:J R%1$JQJR%VC:7

:]%1:JHV]Q VJ 1VCCVIQG1C1:GCVJQ`I:CVIVJ HQ``V]QJR;  QRVC:]%1:JHV]Q VJ 1VCCV Q :CV8

Q VJ 1VC `QR%H 1GCV Q VJ 1VC `W IQG1C1:GCV Q VJ 1VC Q VJ 1VCJQJ C7]VRQ%0`:$V ]Q VJ 1VC R1``1H1CVIVJ  Q% IQG1C1:GCV IQG1C1:GCV ^@._ IQG1C1:GCV HQJR1 1QJ JQ`I:CVIVJ  `1H V 2] 1I1: 1QJ RQ%0`:$V    RR RR RR    V61 :J  _%1]VIVJ          RR    RQ%0`:$VV61 :J 2%0`:$VJQ%0V:%6      RR RR   C8C%           

?:GCV:% 7-Q VJ 1VC]`QR%H 1GCVRV]`QR%H 1QJ.7R`QXCVH `1_%V%`CVG:1J0V`:J R%1$JQJR%VC:7

0VIYIV5CV]Q VJ 1VCJQJIQG1C1:GCVQ% `WR1``1H1CVIVJ `V]`XVJ VJ  QRVC:]%1:JHV ]Q VJ 1VCCVR%G:1J0V`:J 8V]`QR%H 1GCV]Q VJ 1VCIQG1C1:GCVV R%J]V%IQ1JRV.8

J]:`:CCWCV5CVHC:VIVJ `X$CVIVJ :1`VRVC:0%J1W`VV V:``C%VJ V R%1$JQJVJ:0:CRV :0:CV V=%_%;;:HQJ`C%VJHV:0VHC:Q1`V0QJ Y `V]`QH.:1JVIVJ IQR1`1X8JV``V 5HV%6RH1 V`QJ HC:XC1 V:% 1 `VRVC:` 1HCVRR%HQRVRVCVJ01`QJJVIVJ 8V]Q VJ 1VCR;XJV`$1V .7R`QXCVH `1_%V%`HVHQ%`RV:%RV01VJR`:IQG1C1:GCVQ%HQJR1 1QJ `1H V^:%C1V%RVJQJ

 Q%`HV70A5

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L IQG1C1:GCV_8%15CV:``C%VJ R%1$JQJVJ:0:CRV:0:CV VRV01VJR`QJ IQG1C1:GCV:%C1V%RV JQJIQG1C1:GCV8J`1J5CV1$JQJVJ:IQJ RV:0:CV VV V:``C%VJ V`QJ JQJIQG1C1:GCV8

'CV RQJH]`QG:GCV_%VHVH.:J$VIVJ RV`X$CVIVJ : 1QJVJ$VJR`V%JVIQR1`1H: 1QJR%]Q VJ 1VC .7R`QXCVH `1_%VIQG1C1:GCV%`CVG:1J0V`:J :J_%VCCV]%1VY `VX0:C%XV;HV=Q%`;C:1RV RVRQJJXV1%VR%0R 8

8 8  

0:JCVH:R`VR%JVX %RV`X:C1XV]:`A`XRX`1H507:%V1JR%'!VJ5]C%1V%`:H 101 X QJ X XR1:$JQ 1_%XV%`CV V``1 Q1`VR%!QJ `:  V``1 Q`1:C7

 -`V1J$ J]`V1J$V ]`XVJ %`C:HQII%JVR%!.:IGQJ%`1$JQJ8V$X`:J RVHV V:H 101 X:%JV RXI:`H.V `W0QCQJ :1`VRV]`Q VH 1QJRVC:`VQ%`HV8J7 WIVRVJV Q7:$V:JRX V`$V:J : X XRX0VCQ]]X80VHV`:1 5CV1I]:H RVHV]`V1J$QJ %J1_%VIVJ _%:J 1 : 1`8  ;X 1V`RVC;.T VCCV`1VV RVC:`V :%`: 1QJ VQ%`HVRV]QCC% 1QJRVHV V:H 101 XQJ ]`1JH1]:CVIVJ CV].Q].Q`V`V=V XHQJ VJ%R:JCV RX V`$VJ 80V]C%5HV` :1J`V :%`:J JVR1]Q:J ]:RVG:H;$`:1V5RVHQCI: :$VR:JCV `XV:%6QJ X XQGV`0X8  ;X 1V`R% `:J]Q`

!VIX 1V`5%`CVVH V%`5QJ VVJ 1VCCVIVJ `V]`XVJ X]:`RV$:`:$1 V]Q%`]:` 1H%C1V`:0VH RV ]`QGCXI: 1_%V H1GCXV %` CV `:1 VIVJ RV CV%` RXH.V 8 : `1C1W`V V 5VJ]`1JH1]V5 G1VJ Q`$:J1XVV C:I:=Q`1 XRVHVVJ `V]`1V`:1:1VJ :]]VC;RV`V]`VJV%`:$`XX8V]`QGCWIVRV C;:GVJHVRVG:HRV`X VJ 1QJV :V<`XH%``VJ 5JQ :IIVJ ]Q%`CVC1_%1RVJV%`V ]Q%` R;:% `V:H 101 X^%1J:$VRVIX :%651I]`1IV`1V9_80V%6$:`:$VQJ :%11$J:CX_%1C% 1C1VJ  CV  .%1CV  RV  01R:J$V  ]Q%`  C:C1IVJ : 1QJ  RV  H.:%R1W`V  ]QC7HQIG% 1GCV  G1VJ  _%V  C: `X$CVIVJ : 1QJ7Q]]QV8

!QJHV`J:J C;%:$VRVC;V:%V RVRX V`$VJ 51C`:% JQ V`_%VHV` :1JV : 1QJRVC:0:$VQJ  R1`VH VIVJ `:HHQ`RXV:%`XV:%R;V:%6]C%01:CVV R;:% `VJVQJ ]:HQ%0V` V8'CVJV RV IYIV]Q%`CV : 1QJV`01HV80V$`Q1J0V 1VIVJ ]Q%`HQ``1$V`HV:JQI:C1VQJ VJ01:$X ]:`HV` :1JV ]Q%``:1VJ `VJ `V`R:JCVH:R`VR;:H 1QJ%G0VJ 1QJJ:GCV]:`C;:$VJHVRVC;V:%8

?`Q1$:`:$VV%CVIVJ ^IQ1JRV Q5HQJ `V Q;C;XH.VCCV`X$1QJ:CV_QJ `:1 :]]VC; C;Q]X`: 1QJH;XH:0V` R%0V`$JVI_%1HQJ1 :1 ;:IXC1Q`V`CV`VH7HC:$VV C:0:CQ`1: 1QJRVCV%` RXH.V 8!V]VJR:J 5HV` :1J]`X VJRVJ JV]::0Q1`X X1J`Q`IXRVHV]`Q$`:IIVIVJX;%JV X]Q_%V^; _Q&C:`X$CVIVJ : 1QJJ;1I]Q:1 ]:%J VC`VH7HC:$V8%=Q%`R;.%15H.:H%JV RQ1 5RV`V]VH V`CVH:.1V`RVH.:`$VRVHV VQ]X`: 1QJ_%1:J 1H1]:1 :CQ`C:`X$CVIVJ : 1QJC ^X.1H%CVCQ`R;:$V_8

JVV%CVVJ `V]`1VRV`XH%]X`: 1QJRV]1WHV:% QIQG1CVV61 V%`CV V``1 Q1`VR%C:%  1$JQJ51 %XV;]`Q61I1 XRVC:`V VJ%VRV:0:CV V8QJ:H 101 XV QJVI]C:HVIVJ C;QJ RQJH QGC1$X;VIV `V`1$Q%`V%VIVJ :%6JQ`IV8

 R1 1QJV 1I]`1IV`1V !1J_VJ `V]`1VRVHV V:H 101 XV `Q%0VJ 1J :CCXVR:JCVVH V%`R%C:% 1$JQJ8JV R;VJ `VVCCV:%101C;Q]X`: 1QJHQCCVH 10V'I]`1I;0V` 5IVJXV]:`C:H.:IG`VRVIX 1V`8C;Q]]QX RVHV V6VI]CV5HV` :1JX :GC1VIVJ QJ %JV$V 1QJ1J:]]`Q]`1XVRVRXH.V 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V L  1J:$VV IX :%6 !1J_  VJ `V]`1V  :%15  R:J  HV  VH V%`  G1VJ  `V]`XVJ X5  QJ  X X  011 XV  :0VH  RV  VH.J1_%V R;%1J:$V0:`1:GCV^Q%R%`V5H1:$V5]QC1:$V9_8VV%CV]QCC% 1QJHQJ : XVQJ C1XV;RV XHQ%CVIVJ R;.%1CVRVHQ%]V]:`:1 VQ%:HH1RVJ VC8V]`1JH1]:%6]Q1J `VCV0XRVJQJ`V]VH  RVC:`X$CVIVJ : 1QJHQJHV`JVJ CVG:HRV`X VJ 1QJ8

 ;X 1V`RVC:$`Q:C1IVJ :1`V Q`RVHV VX %RV:C:1QJQJ X X011 XV8VV%CHQJV1CQJ ]Q` X%`C:`XR%H 1QJRV I:1CCVRV$`1CCVV 1].QJRVQC^]Q%`:CCX$V`C:H.:`$VQ`$:J1_%VRVV:%6%XV_Q%%`C;%:$V RVHVJ `:CVRVRX1J`VH 1QJ_%1RQVJ :%I1CC1C1 `VC:_%:J 1 XRVRX V`$VJ 8

 ;X 1V`R%GQ1 ]`WHQJ%C : 1QJRV_%VC_%VH1V`1VV IVJ%1V`1V5]:`I1CV]C%$`QV51C:X XHQJ : X HQIIV]Q%`CV:% `VIX 1V`R%G= 1IVJ 5_%VCV%`1I]:H V JX$C1$V:GCV8V%CVCVH1V`1V V``VH %:J R% `:1 VIVJ H.1I1_%VRVGQ1IX`1 VJ %JV: VJ 1QJ]:` 1H%C1W`VRX=;V``VH 10VRV V`01HVRVC:078

 ;X 1V`RVC:H.1I1V V%CVVJ `V]`1V`X:C1:J RVC;V6 `%1QJRV]QC7X .7CWJV]Q%`C:`:G`1H: 1QJRV`1CI]C: 1_%V `VJ `VJ R:JHV VH: X$Q`1V`Q` VIVJ `X$CVIVJ XVV G1VJ`V]`XVJ XVVJ:0:CR%VH V%`^:% Q%` RV V1$QCWJV_8V%`011 VJ;:]:`X0XCXR;:JQI:C1VI:=V%`V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 %?CB:

88  % . : : ;?@ <@C 

!:` V7.:VRV:%%]V``1H1VCCVV Q% V``:1JVRX`1J1V%`CVG:1J0V`:J  !:` V 78G=VH 1`$CQG:%6RVI:VRV:%R%G:1J0V`:J !:` V 78G=VH 1`RVC::1`VH 10V!:R`V%`C:%]Q%`CVI:VRV:%6%]V``1H1VCCV !:` V 78G=VH 1`RVC::1`VH 10V!:R`V%`C:%]Q%`CVI:VRV:%6Q% V``:1JV 888 .:VRV:%HQJ 1JVJ :CVV RV%``:HV

JV 7]QCQ$1VRVI:VR;V:%:X XRX`1J1V%`C:G:VRVHQJR1 1QJRV`X`X`VJHVG1QCQ$1_%V 1RVJ 1_%V  ^ 7]V  J: %`VC_  VJ  H`Q1:J  RV  .7R`QXHQ`X$1QJ  ^G:XV  %`  %JV  .QIQ$XJX1 X $XQCQ$1_%V5`VC1V`V HC1I: _V CV`XV:%.7R`Q$`:].1_%V^`QJH 1QJR%`:J$CQJ$1 %R1J:C_%1RXH`1 CV H:`:H X`1 1_%V].71_%VR%HQ%`R;V:%7]VJ V5C:`$V%`5IQ`].QCQ$1V5 VI]X`: %`VRVC;V:%_8

V]V 1 HQ%`R;V:%^RX`1J1VJ`QJH 1QJR%JQIG`VR;:``C%VJ _QJ `V$`Q%]XVJVJVIGCV .QIQ$WJV  VJ  `QJH 1QJ  RV  C;.7R`QXHQ`X$1QJ5  R%  7]V  ]1H1HQCV  V  CV%`  I:V  R;V:%  QJ  `V]`XVJ XVRV`:MQJ%``:H1_%V8

%VI:VRV:%HHQ%`RV:%IRX`1J1V%`CV V``1 Q1`VR%QJ CV%10:J V7

 2<< :7CV%1$JQJR%VC:7V V:``C%VJ RV]%1C:Q%`HV=%_%;:%HQI]CV6VRV %:0:CV V6

 2<< H7CV%1$JQJR%VC:7V V:``C%VJ R%HQI]CV6VRV%:0:CV V=%_%; : HQJ`C%VJHV:0VHC:%Q1`V6

 2<< 7C::%J1W`VV V:``C%VJ RV]%1C:Q%`HV=%_%;:HQJ`C%VJHV:0VHCV%1$JQJ R%VC:76

 2<< 7C:;`QV VV V:``C%VJ RV]%1C:Q%`HV=%_%;:%HQI]CV6VRV%:0:CV V8

?C7:%JV%J1_%VI:VRV:%]C:JRV:%%`CVG:1J0V`:J 7

 2<% 7HQI]CV6VRV%:0:CV V8

8888 : V RV:% Q% V``:1JV

:V%6I:VRV:%Q% V``:1JVQJ X XRX`1J1V%`CVG:1J0V`:J 7

 2<7.:1`R%VC:75G:1J0V`:J RVC:%Q1`V6

 2<7%1$JQJR%VC:7

88  8;L!C?2 :  %?CB : % : ?<!C? ! :< < %   

 Q%`HV7!:`:H X`1: 1QJ571_%V5 : 52G=VH 1`VJ01`QJJVIVJ :%6RV;:VR:%^!72;_5$VJHVRVCV:%Q1`V >`V :$JV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 .:VRV:%%]V``1H1VCCV !QRVRVC: 71_%VRVJQJ 5QIRVC:I:V 2G=VH 1`RX :  2G=VH 1`RX :  2G=VH 1` I:V : V1J VR%GQJ RV:% XHQCQ$1_%V H.1I1_%V $CQG:C RV:% X : CV1$JQJR%VC:7V  V:``C%VJ RV]%1C: 7V]VH :0VH >QJX :  A77 : Q%`HV=%_%;:% >QJX :  >QJX :  RQ% V]Q%`C:  HQI]CV6VRV IQ`].QCQ$1V :0:CV V CV1$JQJR%VC:7V  7V]VH :0VH V:``C%VJ R% RQ% V%` HQI]CV6VRV >QJX :  C.7R`QCQ$1VRV A77 H >QJX :  >QJX :  :0:CV V=%_%;:  :``C%VJ VJC1VJ HQJ`C%VJHV:0VHC: :0VHCVH:] :$V Q1`V RVQ%`HV C:0%J1W`VV V :``C%VJ RV]%1C: 7V]VH :0VH >QJX :  A77  Q%`HV=%_%;: >QJX :  >QJX :  RQ% V]Q%`C:  HQJ`C%VJHV:0VHCV IQ`].QCQ$1V 1$JQJR%VC:7 C:>`QV VV V :``C%VJ RV]%1C: >QJX :  A77  Q%`HV=%_%;:% >QJX :  >QJX :  7V]VH  HQI]CV6VRV :0:CV V 7V]VH :0VH >QJ !QI]CV6VRV >QJ]Q VJ 1VC RQ% V%`C: A7 >QJX :  ]Q VJ 1VC :0:CV V  `Q].1V  ^I:H`Q]QCC%:J _

?:GCV:% 7QG=VH 1`RV_%:C1 XR%0R ]Q%`CVI:VRV:%%]V``1H1VCCV

VHQI]CV6VRV:0:CV VV HC:XVJI:VRV:%`Q` VIVJ IQR1`1XV80VHV`:1 5CX : XHQCQ$1_%V RVGQJJV_%:C1 XJV]V% Y `V: V1J V 1CV _%:C1`1XRVGQJ]Q VJ 1VC8

!QJHV`J:J CVRXC:1]Q%`C: V1J VR%GQJX : XHQCQ$1_%VRVC:0%J1W`V5CV:H V%`R%G:1J 0V`:J IV VJ VJ:0:J %JRXH:C:$VVJ `VHV VX0:C%: 1QJV CX : :H %VCRVHVQ%RG:1J 0V`:J 8  ?Q%  R:GQ`R5  :`1J  RV  H:`:H X`1V`  CV  I:V  RV:%  ]C%1V%`  1JR1HV  G1QCQ$1_%V  V  ]:`:IW `VH.1I1_%VV ].71HQRH.1I1_%VQJ % 1C1X8-Q%`CVHQ%`RV:%RVC:0%J1W`V5C1JR1HV -Q1QJ^'-7_V IQ7VJ:%]Q1J RVIV%`V82`5HV VJQ VV R%V;C:GVJHVRVHV` :1JVV]WHV ]1H1HQCV_%1 .XQ`1_%VIVJ 5:%0%VRVH:`:H X`1 1_%V].71_%VR%HQ%`RV:%RV0`:1VJ Y `V ]`XVJ V85X:JIQ1J51CV :RI1_%VHVV]WHVQJ  Q%=Q%`X X:GVJ VRVHVG:1J0V`:J VJ `:1QJRVQJHQJ V6 VG1QR$XQ$`:].1_%V  8

%15CX0:C%: 1QJRVCX : H.1I1_%V]:`CV7 WIVR;0:C%: 1QJRV:%6V =%$XV;HV=Q%`]V% `1:GCV]:`C$VJHVRVC:%V CVC1 VRVIQCXH%CV;:J:C7V`QJ VJHQ`VVJHQ%`RVRX`1J1 1QJ8 0VHV`:1 5CX0:C%: 1QJRVQG=VH 1`R: V1J VR%GQJX : %`C:G:VRVCX : H.1I1_%VV ; ]`VJR`V:0VH]`%RVJHV8

 Q%`HV7AXRX`: 1QJ0X]:` VIVJ :CVRV-YH.VV RV]`Q VH 1QJR%;1C1V%_%: 1_%VRVC:C:% VQ1`V58

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 %VI:VRV:%Q% V``:1JV !QRVRVC: 5QIRVC:I:V 2G=VH 1`RX :  2G=VH 1`RX :  2G=VH 1` 71_%VRVJQJ I:V RV:% _%:J 1 : 1` H.1I1_%V $CQG:C : V1J VR%GQJ RV:% X : ;:1`R%VC:75 >QJX :  A7 G:1J0V`:J RVC: >QJX :  >QJX :  5QJ  Q1`V 7V]Q`  >QJX :  A7 CV1$JQJR%VC:7 >QJX :  >QJX :  RQG=VH 1`R(  :%6]V 1H1RV

C:GCV:% 7QG=VH 1`RV_%:C1 XR%:R ]Q%`CVI:VRV:%Q% V``:1JV

88  % B%C?8@ : . : @ 28@!C?8@ : 8;L!C?2 : %  :! 

888 %V7 WIVR;B0:C%: 1QJRVC;B : RV:%6^_ !:` V 7B : XHQCQ$1_%VRVV:%6RV%``:HVVJ  !:` V 7B : H.1I1_%VRVV:%6Q% V``:1JVVJ

V7 WIVR;0:C%: 1QJRVC; : RV:%6:X XRX0VCQ]]X]Q%`:0Q1`%J1JR1HVRV%101RVIV%`V :IXC1Q`: 1QJRVC:_%:C1 XI:VRV:%R:JCVH:R`VRVC:]]C1H: 1QJRVC:0!8 ;X0:C%: 1QJRVC;X : RVI:VR;V:%]`VJRVJHQI] VRV]:`:IW `VR1``X`VJ ^G1QCQ$1_%V5 H.1I1_%VQ%_%:J 1 : 1`_%10:J _%;1C;:$1VR;V:%6RV%``:HVQ%R;V:%6Q% V``:1JV8

A1$%`V 7H.XI:RVRX`1J1 1QJR%GQJX : RVV:%6

8888 'V I: V RV:% %]V``1H1VCCV

:0!RX`1J1 CVGQJX : R;%JVI:VR;V:%RV%``:HVCQ`_%VC;X : XHQCQ$1_%VV C;X : H.1I1_%V RVHVCCVRH1QJ HC:XHQIIV:%IQ1JGQJ8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L R  %;X : XHQCQ$1_%V  R;%JVI:VR;V:%RV%``:HV`X%C VRVC;:]]`XH1: 1QJRVC: `%H %`VV R% `QJH 1QJJVIVJ RVXHQ7 WIV:_%: 1_%V:QH1X;HV VI:VR;V:%8'CV RX V`I1JX;C;:1RV R;XCXIVJ   RV  _%:C1 X  7  G1QCQ$1_%V  ^V]WHV  0X$X :CV  V  :J1I:CV_5  .7R`QIQ`].QCQ$1_%V  V  ].71HQRH.1I1_%V5:]]`XH1X]:`RV1JR1H: V%`^]:`V6VI]CVCV1JR1HV1J0V` XG`XQ%]Q1QJVJ HQ%`R;V:%_8-Q%`H.:_%V 7]VRVI:VRVR;V:%^]:`V6VI]CV7]V 1 HQ%`R;V:%RVIQJ :$JV5C:H ]V%]`Q`QJRRV]C:1JV5HT V0:V%V888_51CVH:`:H X`1V]:`%JXH:` :%6HHQJR1 1QJRV`X`X`VJHVI RVHV 7]V5_%1V RX1$JX]:`C;%JVRVH1J_HC:V%10:J V7 `WGQJ5GQJ5IQ7VJ5IXR1QH`VV  I:%0:18VHQJR1 1QJRV`X`X`VJHVR;%J 7]VRVI:VR;V:%QJ CVHQJR1 1QJ`V]`XVJ : 10V R;%JVV:%RV%``:HVRVHV 7]V5]:Q% `W]V%1J`C%VJHXV]:`C;:H 101 X.%I:1JV8 R %;X : H.1I1_%V R;%JVI:VR;V:%RV%``:HVV RX V`I1JX:%`V$:`RR%`V]VH RVJQ`IVRV _%:C1 XVJ01`QJJVIVJ :CV^5=_]:`CVG1:1RV0:CV%`V%1C80V%6HC:VQJ RX`1J1V7GQJ ^`V]VH _V ]:GQJ^JQJR`V]VH _8%G :JHVQJ HQJ `TCXV7 %G :JHVR1 VR:J$V`V%V ^:JJV6V'RVC:0!_V %G :JHV]`1Q`1 :1`V^:JJV6VRVC:0!_8 X0:C%: 1QJRVCX : RVV:%6VG:V%`CV`X%C : RV]Q1J RVIV%`VRVCVJVIGCVRV `XV:%6RV%101V61 :J ^0Q1` 888_8=%:JRHVRQJJXVQJ 1JR1]QJ1GCV5%JVX0:C%: 1QJRV CX : RVV:%6]V% Y `V1I%CXV;]:` 1`RVRQJJXV%`CV]`V1QJ8 :`1:G1C1 XRV`X%C : RVCX0:C%: 1QJRVCX : H.1I1_%V]Q%`]C%1V%`%G :JHVV VJHQ`V `W `:1GCV  V  RV  JQIG`V%6  `X%C :   QJ  1JHV` :1J8  0V  ]C%5  CV  C1 V  RV  IQCXH%CV  V  JQ`IV V%`Q]XVJJVHQ``V]QJR:J VQJ :]]VCXV;X0QC%V`80VHV`:1 5C$VJHVRVC:%Q1`V>`V :$JV JVQ%.:1 V]:_%VHV1J`Q`I: 1QJQ1VJ % 1C1XV;HV=Q%`]Q%`C:RX`1J1 1QJR:H 1QJCQH:CV8 V%C  CV  `X%C :   RV  CX0:C%: 1QJ  RV  CX :  XHQCQ$1_%V  RV  I:V  RV:%6  %]V``1H1VCCV  V`QJ  ]`XVJ XR:JHV X : RVC1V%68

8888 'V I: V RV:% Q% V``:1JV VGQJX : R;%JVV:%Q% V``:1JVV C;X : : V1J ]:`%JVI:VR;V:%Q% V``:1JVCQ`_%VQJX :  _%:J 1 : 1`V QJX : H.1I1_%VQJ HC:XHQIIV:%IQ1JGQJ8 R%VGQJX : _%:J 1 : 1`R;%JVV:%Q% V``:1JVV : V1J CQ`_%VCV]`XCW0VIVJ JVRX]:VJ ]: C:H:]:H1 XRV`VJQ%0VCCVIVJ RVC:`VQ%`HVR1]QJ1GCV5HQI] V VJ%RVC:JXHV:1`V:C1IVJ : 1QJ RVXHQ7 WIV:_%: 1_%V8 R  %;X : H.1I1_%V  V GQJCQ`_%VCVHQJHVJ `: 1QJVJ]QCC%:J R%V:%6:H 101 X.%I:1JVJV RX]:VJ ]:CVJQ`IVV 0:CV%`V%1C5CQ`_%;VCCVJ;VJ `:0VJ ]:C;: V1J VRVQG=VH 1``16X ]Q%`CVI:VR;V:%6RV%``:HV:C1IVJ XV]:`CVV:%6Q% V``:1JVHQJ1RX`XVV CQ`_%;1CJ;V  HQJ : X:%H%JV1J `%1QJR;V:%:CXVR%V:%6:H 101 X.%I:1JV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 %VC1I1 VR%7 WIVR;B0:C%: 1QJRVC;B : RV:%6

%V`X%C : QJ ;]`VJR`V:0VH%JV `W$`:JRV]`XH:% 1QJH:`CV`XV:%6RVIV%`VQJ  VJHQ`VVJRX]CQ1VIVJ 5CVRQJJXVQJ 1JHQI]CW V5C:`V]`XVJ : 101 XRV]Q1J RVIV%`V V ;HQJQC1RV`V C;1JHV` 1 %RVRVC:IV%`VG1QCQ$1_%VV I:C]`1VVJHQI] V8:V]C%5CQ`_%V CVRQJJXVJVQJ ]:R1]QJ1GCV5C;X : V : `1G%X:0VHRVQ% 1CRV1I%C: 1QJ8

!V`X%C : QJ RQJH Q%=Q%`;HQJ1RX`V`:0VHCV:% `VXCXIVJ RVHQJJ:1:JHVRVC:I:V R;V:%VJ]:` 1H%C1V`CVXCXIVJ RVC:H:`:H X`1: 1QJR%`1_%V5%` Q% R:JCVH:R`VRVC:RX`1J1 1QJ V I1VVJ\%0`VRV:H 1QJ  8-Q%`HV V`:1QJ5C:_%:C1 XRVHQ%`RV:%R%G:1J0V`:J QJ  VJ%1 V]`XVJ XR:JCV]:`:$`:].V 8VCQJ%J1JR1HV]C%:JH1VJ5CV7 WIVR;0:C%: 1QJRVC: =%:C1 XRV:%6^=:%_8

V1JR1HVRV_%:C1 XRVV:%6QJ H:CH%CXR1``X`VIIVJ VJ `VCV7 WIVR;0:C%: 1QJRVC; :  RV:%6^_V CV7 WIVR;0:C%: 1QJRVC:=%:C1 XRV:%6^=:%_80VHV`:1 5CV`X%C :  VJ `VCVRV%6IX .QRVRX0:C%: 1QJRVC:_%:C1 XRVHQ%`RV:%]Q%`%JVIYIV:JJXV]V%0VJ  Y `VR1``X`VJ 8

'CJV RQJH]:]Q1GCVRVHQI]:`V`HVRV%61JR1HV%`RV:JJXVR1``X`VJ V8JV``V 5%JV R1``X`VJHVRV_%:C1 XR:JCV VI]VJ `VHVRV%61JR1HV]V% Y `VV R(;%JV`XVCCVR1``X`VJHVRV _%:C1 XRVV:%6Q%=% V%JV0:`1: 1QJRVH:CH%CR1JR1HV8

888 B : XHQCQ$1_%VRVI:VRV:%

8888 'V I: V RV:% %]V``1H1VCCV HQ%` RV:%

:H:` V ]`XVJ VC:_%:C1 XXHQCQ$1_%VRVV:%6]Q%`CVI:VRV:%6%]V``1H1VCCVHQ%`RV:% V ]C:JRV:%R%G:1J0V`:J 8!VRQJJXVQJ `V]`1VR:JCV :GCV:%%10:J  7

!QRVRVC:  : XHQCQ$1_%V -:`:IW `V I:V 5QIRVC:I:VRV:% RV:%  R  R  R RXHC::J CV1$JQJR%VC:7V V :``C%VJ RV]%1C:Q%`HV 'JR1HVG1QCQ$1_%V A77 :    =%_%;:%HQI]CV6VRV -Q1QJ^'-7_ :0:CV V CV1$JQJR%VC:7V V :``C%VJ R%HQI]CV6VRV 'JR1HVG1QCQ$1_%V A77 H    :0:CV V=%_%;: -Q1QJ^'-7_ HQJ`C%VJHV:0VHC:Q1`V C:0%J1W`VV V:``C%VJ  'JR1HVG1QCQ$1_%V RV]%1C:Q%`HV=%_%;: I:H`Q1J0V` XG`X A77     HQJ`C%VJHV:0VHCV1$JQJR% ^'>5_V ]Q1QJ VC:7 ^'-7_ C:>`QV VV V:``C%VJ  A77  RV]%1C:Q%`HV=%_%;:%    HQI]CV6VRV:0:CV V

C:GCV:% 7 %:C1 XXHQCQ$1_%VRVI:VRV:%HQ%`RV:%RV ;

 Q%`HV7-`XVJ : 1QJRV`X%C : RVCX : RVI:VRV:% R:JCVH:R`VRVC:R1`VH 10VH:R`V%`CV:%5$VJHV RVCV:%Q1`V>`V :$JV507!VJ `V525;50V`1QJ85  Q%`HV7$VJHVRVC:%Q1`V>`V :$JV58

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L X$VJRV7

!Q%CV%` B : XHQCQ$1_%VRVV:%6 ?`WGQJ >QJ ;Q7VJ ;XR1QH`V ;:%0:1

'JR1HVRVHQJ`1:JHV77`:1GCV57IQ7VJ57XCV0X

VJ10V:%RVHQJ`1:JHVXCV0X1JR1_%V_%V Q% VCVRQJJXVQ%.:1 :GCVQJ R1]QJ1GCVV _%VCCV QJ HQ.X`VJ VVJ `VVCCVV :0VHCV]V` %`G: 1QJR%I1C1V%8VJ10V:%RVHQJ`1:JHVIQ7VJ; `:1GCV1JR1_%VC:GVJHVRVRQJJXV1I]Q` :J VV LQ%_%VCCVJVQJ ]:HQ.X`VJ VVJ `VVCCVQ% :0VHCV]V` %`G: 1QJR%I1C1V%80VHV`:1 5CQ`_%VC1JR1HVRVHQJ`1:JHVV `:1GCV5CX : XHQCQ$1_%V RVV:%6JV ]:]`XVJ X8

J 5CX : XHQCQ$1_%VR%1$JQJR%VC:7V RVV:``C%VJ VJ:IQJ R%HQI]CV6V:0:CV VRC: !.:]VCV VV IQ7VJV IXR1QH`VVJ:0:C8:0%J1W`VV V:``C%VJ :%JX : XHQCQ$1_%VVJ  IQ7VJ8X0:C%: 1QJRVHV X : XHQCQ$1_%VV  `Q]]V%`1:GCV]Q%`_%VCX : RVC:>`QV VQ1  ]`XH1X8

8888 'V I: V RV:% %]V``1H1VCCV ]C:JRV:%

!QRVRVC:  : XHQCQ$1_%V -:`:IW `V I:V 5QIRVC:I:VRV:% RV:%   RXHC::J J 5:

C:GCV:% 7 %:C1 XXHQCQ$1_%VR%]C:JRV:%RV%:0:CV VVJ V 

-Q%`CVXCXIVJ G1QCQ$1_%V`QJR:J CX : XHQCQ$1_%V]Q%`CVI:VRV:%`Q` VIVJ IQR1`1XV5 V%CV ]`1VJHQI] VCV]:`:IW `VRVC:HQJHVJ `: 1QJVJ!.CQ`Q].7CCV:8

-Q%`  CV  I:V  RV:%  `Q` VIVJ  IQR1`1XV5  HQIIV  CV  ]C:J  RV:%  RV  :0:CV V5  CV  `W$CV RX0:C%: 1QJJV 1VJJVJ ]:HQI] VRV]V%]CVIVJ ].7 Q]C:JH QJ1_%V80VHV`:1 5%JVI:V RV:%]C:JRV:%]V% Y `VHC:XVVJGQJX : I:C$`XRV%:$V]V` %`GX]:`CVH7:JQG:H X`1V 8

X : XHQCQ$1_%VR%]C:JRV:%RV:0:CV VX :1 _%:C1`1XRVIQ7VJVJ :0VH%J 1JR1HVRV HQJ`1:JHVXCV0X8J 5HV X : V _%:C1`1XRVGQJ85X:JIQ1JX0:C%: 1QJV IQ7VJJVIVJ `1:GCV VCQJC1JR1HVRVHQJ`1:JHV8

8888 'V I: V RV:% Q% V``:1JV

Q%`HV7-`XVJ : 1QJRV`X%C : RVCX : RVI:VRV:% R:JCVH:R`VRVC:R1`VH 10VH:R`V%`CV:%5$VJHV RVCV:%Q1`V>`V :$JV507!VJ `V525;50V`1QJ85

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L !QRVRV 5QIRVC:I:V  :  -:`:IW `V C:I:V  : H.1I1_%V  : $CQG:C RV:% RV:% _%:J 1 : 1` RXHC::J

A7 ;:1`R%VC:7>  Q1`V A7  1$JQJR%VC:7 -V 1H1RV

C:GCV:% 7B :  RVI:VRV:%Q% V``:1JV

X$VJRV7

!Q%CV%` B : RVV:%6Q% V``:1JV >QJ ;XR1QH`V

:I:VRV:%Q% V``:1JVR%I:1`R%VC:7^%RR%G:1J0V`:J _V VJGQJX : _%VHVQ1  H.1I1_%VQ%_%:C1 : 1`8

:I:VRV:%Q% V``:1JV]`1JH1]:CVR%G:1J0V`:J V HC:XVVJX : $CQG:CIXR1QH`VRV]:`  %JV]`XVJHV `Q]1I]Q` :J VRV]V 1H1RV8

VI:VRV:%Q% V``:1JV%`CVVH V%`R%1$JQJJVQJ ]:HQJ 1 %XVR%JVJ:]]V.QIQ$WJV I:1RV]C%1V%`:_%1`W`V]`XVJ R:JCV`1%`VR%QHCV$XQCQ$1_%V80VHV`:1 5HV V:J:C7V JV ]:`Q`HXIVJ `V]`XVJ : 10VRVCX : H.1I1_%VRVCVJVIGCVRV:_%1`W`V8

88  % %?CB :  %8@ %    

888 `XVJ : 1QJ$XJX`:CVR% 

VRQJJXV`VH%V1CC1V]:`CVR1``X`VJ `XV:%6RV%101RVC:_%:C1 XRVV:%6%]V``1H1VCCVQJ  V6]CQ1 XV:0VHC:RV%61WIV0V`1QJR%7 WIVR;0:C%: 1QJRVC:=%:C1 XRV:%6^=:%_8

!V Q% 1CV JXR%Q%.:1 RV$VJHVRVC;:%RV]QXRV`%JQ% 1CR;X0:C%: 1QJRVC:_%:C1 X .QIQ$WJV8

V=:%V HQJ 1 %XRVRV%6Q% 1CRX0:C%: 1QJ7

[0:C%: 1QJRVC;:] 1 %RVRVC;V:%:%6%:$V^]`QR%H 1QJR;V:%]Q :GCVTCQ11`V ]Q` :_%: 1_%V T1``1$: 1QJT:G`V%0:$VV :_%:H%C %`V_V ;:`QJH 1QJG1QCQ$1_%V8

[0:C%: 1QJRVC:_%:C1 XRVC;V:%]:`:C X`: 1QJ^`V$`Q%]VIVJ RV]:`:IW `V].71HQRH.1I1_%V_ :%IQ7VJRV HC:VR;:] 1 %RVH1RRV%:CC:J RV `WGQJJV; `WI:%0:1V8

V=:%V RQJH`QJRX%`C:JQ 1QJR;:C X`: 1QJ_%1`V$`Q%]VCV]:`:IW `V].71HQRH.1I1_%V RVIYIVV``V V RVIYIVJ: %`VVJH`:I1CCVI5]V`IV :J RVRXH`1`VCV$`:JR 7]VRV RX$`:R: 1QJRVC:_%:C1 XRVV:%68V]`1JH1]:CV:C X`: 1QJ% 1C1XV]Q%`RX`1J1`C:_%:C1 XRVC;V:% R;%JHQ%`R;V:%QJ CVI: 1W`VQ`$:J1_%VV Q67R:GCV5CVI: 1W`V:

V%G :JHVIXR1H:IVJ V%VJV`QJ ]:]:` 1VRV]:`:IW `V:J:C7X8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L V=:%]V`IV RQJH%JR1:$JQ 1H]`XH1RVC:_%:C1 XRVC;V:%V HQJ `1G%V;RX`1J1`CV:H 1QJ RVHQ``VH 1QJJXHV:1`V]Q%`QJ:IXC1Q`: 1QJVJ`QJH 1QJRVV% 1C1: 1QJQ%.:1 XV8

%6H1J_HC:VRV_%:C1 XRX`1J1V]:`CV=:%QJ :QH1X%JVHQ%CV%`V %J_%:C1`1H: 1`8V C1I1 VRVHC:VHQ``V]QJRVJ ;RV1JR1HVRX V`I1JX]:`RVV%1C]XH1`1_%V;H.:_%V ]:`:IW `V8

?JR1HV !Q%CV%` !C:VRV_%:C1 X R ?`WGQJJV R >QJJV R ;Q7VJJV R ;XR1QH`V R ;:%0:1V

?:GCV:% 7!C:VV 1JR1HVRV_%:C1 X=:%

8888 !C X`: 1QJ I:H`Q]QCC%:J

 .: 1W`VQ`$:J1_%VV Q67R:GCV

V;: 1W`V2`$:J1_%VV 27R:GCV^;22_`V]`XVJ VJ CVJVIGCVRV%G :JHVRQJ C: ]`XVJHVV %HV] 1GCVRV]`Q0Q_%V`%JVHQJQII: 1QJRVCQ67$WJVR1Q%RVHQ%`RV:%8

!VI: 1W`VQJ HV]VJR:J CV%`]C:HVR:JCVI1C1V%J: %`VC8V%C%J:]]Q` V6HV1`^]`1JH1]:CVIVJ  R(:%6`V=V 1JR% `1VCV RQIV 1_%V_VJ$VJR`V%JVJ%1:JHV8

:HQJX_%VJHV_%:11IIXR1: VRVC:]QCC% 1QJRVV:%6]:`CVI: 1W`VQ`$:J1_%VV Q67R:GCV V %JVR1I1J% 1QJRVC: VJV%`VJQ67$WJVR1Q%8!VCCVRH1`X%C VRVC:H 1QJRVG:H X`1V_%1 J: %`VCCVIVJ :%`VJ C:RX$`:R: 1QJRVC:I: 1W`VQ`$:J1_%V8

!V 7]VRV]QCC% 1QJ]V% ;CV6 `YIV]`Q0Q_%V`%JVRXQ67$XJ: 1QJI:10VRVV:%6:0VH]Q%` HQJX_%VJHV%JVIQ` :C1 XRV]Q1QJ8

 .: 1W`V:

!V V:C X`: 1QJV RX V`I1JXV;]:` 1`RV]:`:IW `VH:`:H X`1:J CVI: 1W`V:

CCV]:` 1H1]VJ :%RX0VCQ]]VIVJ R:C$%VR:JCVHQ%`RV:%V ]V%0VJ ]`XVJ V`RVV``V  Q61_%V%`CXHQ7 WIV5JQ :IIVJ C:`:%JV]1H1HQCV8

A1$%`V 7!7HCVRVC

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L ;:IIQJ1%I^5C_V %J1JR1H: V%`RV]QCC% 1QJ]:`CVV:%6%XVQ%CVV``C%VJ R;XCV0:$V8QJ Q`1$1JVV CV]C%Q%0VJ `XH:CV8

'%VRVC;Q67R: 1QJRV1QJ:IIQJ1%IR:JCVI1C1V%J: %`VC5CVJ1 `1 V^52_QJ RVHQI]QX `W Q61_%V]Q%`C:`:%JV:_%: 1_%V8-Q%`CV!7]`1J1RX5C:HQJHVJ `: 1QJI:61I:CV%]]Q` :GCV V RV5I$LCV RV5I$LC]Q%`CV:CIQJ1RX8

;:

1J15CVI: 1W`V:

:HQJX_%VJHVR1`VH VR;%JV]QCC% 1QJ]:`CVI: 1W`V:

 @1 `: V

VJ1 `: VQJ J: %`VCCVIVJ ]`XVJ R:JCVI1C1V%J: %`VCI:1C;:H 101 X:J .`Q]1_%V]V%  VJ`1H.1`RVI:J1W`V1I]Q` :J VC:HQJHVJ `: 1QJRVHQI]QXR:JCVXHQ7 WIV8

VJ1 `: V]`Q01VJJVJ RV `Q1Q%`HV7RV`V=V :$`1HQCV^Q%`HV]`1JH1]:CV_5RV`V=V RV HQCCVH 101 XV RV]:` 1H%C1V`V RV`V=V 1JR% `1VC8

VJ1 `: V5VJ_%:J 1 X1I]Q` :J V5]V%0VJ J%1`V;C::J X.%I:1JV8JV``V 5VJ]::J ]:` C;V QI:H5HVRV`J1V`V `:J`Q`IVJ VJJ1 `1 V5HQI]QX `W Q61_%V8 VJ1 `1 VQJ ; C;Q`1$1JV  RV  ].XJQIWJV  RV  H7:JQV  JQ :IIVJ  H.V<  CV  JQ%``1QJ8  !V  RV`J1V`  IQR1`1V C;.XIQ$CQG1JVR%:J$V CV`VJR1I]`Q]`V:% `:J]Q` R;Q67$WJV8

'CHQJ `1G%VX$:CVIVJ :0VHCV].Q].Q`V;IQR1`1V`C;X_%1C1G`VG1QCQ$1_%VRVI1C1V%6:_%: 1_%VVJ ]`Q0Q_%:J RV].XJQIWJVR;V% `Q].1: 1QJ8

:HQJHVJ `: 1QJC1I1 VRVJ1 `: VR:JC;V:%RV 1JXV;C:HQJQII: 1QJV RV I$LC8V HQJHVJ `: 1QJVJJ1 `: VQJ `Q` VIVJ RX]VJR:J VRVC;.7R`QCQ$1V

 .: 1W`V.Q].Q`XV

VI: 1W`V].Q].Q`XVQJ RX V`I1JXV;]:` 1`RVC:J:C7VRV].Q].: VV R%].Q].Q`V Q :C]`XVJ R:JCV:%8

CCV]`Q01VJJVJ RV `Q1Q%`HV7RV`V=V RQIV 1_%V5RV`V=V 1JR% `1VCV RV`V=V  :$`1HQCV8

V].Q].Q`VV ]`1JH1]:CVIVJ `V]QJ:GCVRVC;V% `Q].1: 1QJRVHQ%`R;V:%V RV]C:JR;V:%8 !VHQI]QX=Q%VJ X$:CVIVJ %J`TCV]`X]QJRX`:J R:JCVRX0VCQ]]VIVJ RVH7:JQG:H X`1V8

 ``V RV]`QC1`X`: 1QJ0X$X :CV^].7 Q]C:JH QJ5:C$%VGVJ .1_%VQ%`16XV_

!V V:C X`: 1QJ]`VJRVJHQI] VC:H.CQ`Q].7CCV:5CV].XQ]1$IVJ 5CV :%6RV: %`: 1QJVJ Q67$WJVR1Q%HQ%]CX:0VHCV]CV C:0:`1: 1QJR;Q67$WJV8

:  ]`QC1`X`: 1QJ  RV  C:  G1QI:V  ].7 Q]C:JH QJ1_%V5  GVJ .1_%V  Q%  `16XV  ]V%  1JR%1`V  RV  `Q` V 0:`1: 1QJ=Q%`J:C1W`VRV VJV%`VJQ67$WJV5:0VHRV%`: %`: 1QJVJ`1JRV=Q%`JXVV RVQ%R : %`: 1QJVJ`1JRVJ%1 8!V0:`1: 1QJQJ J%11GCV]Q%`C:`:%JV:_%: 1_%V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L !V VG1QI:V]V% X$:CVIVJ Y `V;C;Q`1$1JVRV`Q` V VJV%`VJI: 1W`VQ`$:J1_%VQ67R:GCV R:JCVV:%6^:C$%VVJRXHQI]Q1 1QJ_8%IYIV 1 `V_%VC;:`$1CVV CVC1IQJ5VCCV]:` 1H1]V; C;:%$IVJ : 1QJRVI: 1W`VVJ%]VJ1QJ^;_5R1I1J%:J :1J1C: `:J]:`VJHVRVV:%6V RQJH C;XHC:1`VIVJ RV`QJR8J`1J5HVC:]V% $XJX`V`RV$YJVV LQ%RV%`HQ( ]Q%`XC1I1JV`HV V H.:`$VQ`$:J1_%VRVV:%6RV 1JXV;C;:C1IVJ : 1QJVJV:%]Q :GCV8

'CV 1I]Q` :J RVJQ V`_%VC;X0:C%: 1QJRVHV V:C X`: 1QJ`V]QVJQJ]:%`%JV:]]`QH.V R1`VH V:0VHHQI] :$VV 1RVJ 1`1H: 1QJRVC:G1QI:V:C$:CVI:1%`%JV:]]`QH.V1JR1`VH V:0VH IV%`VRVI:`_%V%`RVC:]`QR%H 101 X:C$%:CV^H.CQ`Q].7CCV:V ].XQ]1$IVJ _Q%RVCV%`V``V  ^ VJV%`VJQ67$WJVL]C_8

8888 !C X`: 1QJI1H`Q]QCC%:J

 .1H`Q]QCC%:J I1JX`:%6

VI1H`Q]QCC%:J ]`Q01VJJVJ RVRV%6Q%`HV7

RJ: %`VCCV7]`XVJ J: %`VCCVIVJ R:JCVQCV CVHQ%H.V$XQCQ$1_%V

R:J `Q]1_%V7% 1C1: 1QJR:JC;1JR% `1V^IX :CC%`$1V5I1JV9_Q%:$`1H%C %`V8

VI1H`Q]QCC%:J I1JX`:%6]`1VJHQI] VQJ :%1G1VJRVIX :%6_%VRVIX :CCQ6RV82J `V `Q%0VR:JHV VH: X$Q`1VRV]QCC%:J C;:`VJ1H5CVH:RI1%I5CVIV`H%`V5CVH.`QIV5CV]CQIG5CV <1JH5CVH%10`V5CVJ1H@VC5CVXCXJ1%I5CVG:`7%IV CVH7:J%`V8

!V V  :C X`: 1QJ  1JR%1  RV  1I]:H   %`  CV  ]Q VJ 1:C1 X  G1QCQ$1_%V  V  CV  %:$V  VC  _%V  C: ]`QR%H 1QJR;V:%]Q :GCV5C;1``1$: 1QJ5C;:G`V%0VIVJ V C;:_%:H%C %`V8

:HQJHVJ `: 1QJRVIX :%6V X$:CVIVJ :]]`X.VJRXV]:`CV%`IV%`V%`CVG`7Q].7 V8

 .1H`Q]QCC%:J Q`$:J1_%V

VI1H`Q]QCC%:J Q`$:J1_%VHQJHV`JVJ  Q%CV]QCC%:J  7]VH.CQ`Q`Q`IV5I:1X$:CVIVJ CV C7R`QH:`G%`V`QI: 1_%V-QC7H7HC1_%V^C-__%1JVQJ ]:IV%`X]`XHXRVIIVJ 8

V  C-  QJ  HC:X  HQIIV  %G :JHV  R:J$V`V%V  ]`1Q`1 :1`V  ]:`  C:  01`VH 10V  %`Q]XVJJV L L!8

V.7R`QH:`G%`V:`QI: 1_%V]QC7H7HC1_%VQJ $XJX`X]VJR:J C:]7`QC7VQ%C:HQIG% 1QJ 1JHQI]CW VRVI: 1W`VQ`$:J1_%V8!V]`QHXRXHQI]`VJJVJ C;1JH1JX`: 1QJRVRXH.V :$`1HQCV5 C:HQIG% 1QJR%GQ15R%H.:`GQJQ%RVQ`R%`VIXJ:$W`VI:1X$:CVIVJ CV`QJH 1QJJVIVJ RV IQ V%`;VVJHVQ%R1VVC8

VC-:C W`VJ CV]Q VJ 1:C1 XG1QCQ$1_%VRVC;V:%80%]Q1J RV0%VRV%:$V5HV]QCC%:J QJ  %J1I]:H R1`VH %`C:]`QR%H 1QJR;V:%]Q :GCV8

 V 1H1RV

V  ]V 1H1RV  `V$`Q%]VJ  R10V`V  `:I1CCV  RV  ]`QR%1   R;Q`1$1JV  7J .X 1_%V  V  J: %`VCCV8 !V` :1JV  IQCXH%CV  `VJ `:J  R:J  HV  H:R`V  QJ  1RVJ 1`1XV  HQIIV  %G :JHV  R:J$V`V%V ]`1Q`1 :1`V]:`0XH11QJJ  LL!R%-:`CVIVJ %`Q]XVJV R%!QJV1CX :GC1:J C:C1 VRV %G :JHVR:J$V`V%V]`1Q`1 :1`VR:JCVRQI:1JVRVC;V:%^JJV6VRVC:01`VH 10V!:R`V%` C;:%L L!IQR1`1XVVJ _8

!V]`QR%1 QJ  % 1C1X R:JRV JQIG`V%6 VH V%` 7:$`1H%C %`V5 HQCCVH 101 X ^V]:HV 0V` 5 0Q1`1V9_51J``: `%H %`VRV `:J]Q` ^`Q% 1W`VV `V``Q01:1`V_V CV]:` 1H%C1V`^=:`R1J5 V``:V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L V H8_8V]V 1H1RV]V%0VJ HQJ :I1JV`CVI1C1V%Q1 ]:`]QCC% 1QJ]QJH %VCCV^RXGQ`RVIVJ RV H%0V5I:%0:1V$V 1QJRV`QJRRVH%0V59_Q1 RVI:J1W`VR1``%V^`%1VCCVIVJ 5]V`1 :JHV R:JCVI1C1V%9_8

:]`XVJHVRV]V 1H1RVR:JCVHQ%`RV:%V RVJ: %`V;HQI]`QIV `VC:]Q VJ 1:C1 XRVCV:% ;.XGV`$V`RV]Q]%C: 1QJ:J1I:CVQ%0X$X :CV%``1:IIVJ R10V`1`1XV8

 .1H`QRQ`$:J1IV

1  HV` :1J  I1H`QQ`$:J1IV  QJ  ]`XVJ   ;  CX :  J: %`VC  R:J  CV  HQ%`  RV:%5  R:% `V  ^V68  `V] QHQ_%V`XH:%6V HQC1`Q`IV_]V%0VJ VJ`V0:JH.V XIQ1$JV`R%JVHQJ :I1J: 1QJRQ`1$1JV `XH:CVV RVC:]`XVJHVX0VJ %VCCVRV$V`IV]: .Q$WJVCQ`_%1CQJ RX VH X8

!V V  :C X`: 1QJ  ]`VJR  VJ  HQI] V  CV  HQC1`Q`IV  .V`IQ QCX`:J 5  CV  HQC1`Q`IV  `XH:%65  CV  `V] QHQ_%V`XH:%6Q%VJ X`QHQ_%V8

!VI1H`QRQ`$:J1IVQJ ]Q%`Q`1$1JVCVV``C%VJ RQIV 1_%V5:$`1HQCVV 1JR% `1VC8'C]V%0VJ  X$:CVIVJ ]`Q0VJ1`RVV:%6RV`%1VCCVIVJ RV V``V:$`1HQCV8

0V]:` CV%`HQ( _%VCV%`]`XVJHVVJ$VJR`VJ ^ `:1 VIVJ JXHV:1`VVJH:RV]`QR%H 1QJ R;V:%]Q :GCV5`V `1H 1QJ%`CV%:$VRVCQ11`_5CVI1H`QRQ`$:J1IV$YJVJ R1`VH VIVJ C: ]`QR%H 1QJR;V:%]Q :GCVI:1X$:CVIVJ R;:% `V%:$V VC_%VC;1``1$: 1QJ5CVCQ11`V ]Q`  :_%: 1_%V8

JV``V 5VJH:R;1J$V 1QJR1`VH VIVJ 5C;.QIIV]V% RX0VCQ]]V`RV]: .QCQ$1V:CC:J R% `Q%GCV R1$V 1`;C;1J Q61H: 1QJ8!V V:C X`: 1QJJVHQJHV`JV]:R1`VH VIVJ CV]Q VJ 1:C1 XG1QCQ$1_%VR% I1C1V%8

!V V:C X`: 1QJV VHQJX_%VJHVVJ V`IVRVHC:VIVJ 01R;R01RVHV` :1J%:$V5QJ  RX0VCQ]]XV]C%VJRX :1CR:JC:]:` 1VRXR1XV;C:_%:C1 XRVV:%6;%:$VRVCQ11`8

888

CXH.VCCVJ: 1QJ:CV5RV%6 7]VRV`XV:%6RV%101RVC:_%:C1 XRVV:%6%]V``1H1VCCVQJ X :GC17 CV7XV:%RV!QJ `TCVRV%`0V1CC:JHV^7!_V CV7XV:%RV!QJ `TCV2]X`: 1QJJVC^7!2_8`1J R:IXC1Q`V`C:HQJJ:1:JHV%`CVG:1J0V`:J R%RX]:` VIVJ 5CV!QJV1CXJX`:CRVC:C:% V Q1`V::=Q% XRV]Q1J RV%101VJHQJHV` : 1QJ:0VHC:!QII11QJQH:CVRVC:%8V%101%`HV ]Q1J :]]VCX7XV:%RX]:` VIVJ :C^70_V `X:C1X Q%CV `Q1:J8

!V`XV:%6`VI]C:HVJ C;:JH1VJ`XV:%J: 1QJ:CRVG:1J^75>_8!V :JH1VJ`XV:%:X XHQJ`Q` XV  :=% X]Q%`C:0!VJHQJV`0:J RV : 1QJRVIV%`V`V]`XVJ : 10VV CV%`.1 Q`1_%VRV IV%`VV VJ:=Q% :J RVJQ%0VCCV : 1QJ8

0V`XV:%6RV%101]XH1`1_%V%`C:_%:C1 X.7R`QG1QCQ$1_%VV ]1H1HQCV^7C-_V 01R;R01RV ]`QR%1 ].7 Q:J1 :1`V^-.7 ;:%0V`$JV_01VJJVJ HQI]CX V`CV`XV:%6RV%1010!8

  %V

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L ;1VJ\%0`VRV]%1=:J01V` V ]Q` X]:`C;$VJHVRVC;:%Q1`V>`V :$JV51C]V`IV R;X0:C%V` C;X : $XJX`:CRVV:%6V CV VJR:JHVR;X0QC% 1QJ:%J10V:%R;%JG:1J8V`XV:%V HQJ 1 %XRV  : 1QJRVIV%`V`V]`XVJ : 10VR%`QJH 1QJJVIVJ $CQG:CRVC:I:VR;V:%8

VG:1J0V`:J R%1$JQJR%VC:7HQI] V]Q1J RVIV%`VR%7!7

 %J]Q1J %`CV1$JQJVJ:0:CRVC:HQII%JVRV?VJHV6

 %JRV%61WIV]Q1J %`CV1$JQJVJ:IQJ R1`VH RVC:HQJ`C%VJHV:0VHC:Q1`V6

 %J]Q1J %`C:0%J1W`VVJ:0:CR1`VH R%GQ%`$RVC:HQII%JVX]QJ7IV8

?7]VRVIV%`V A`X_%VJHV -.71HQRH.1I1V H:I]:$JVL:J ]`XCW0VIVJ R;V:%V  ;1H`Q]QCC%:J %G :JHV]`1Q`1 :1`V ]`XCW0VIVJ RVXR1IVJ  Q%CV :J ]`XCW0VIVJ R;V:%V  ;1H`Q]QCC%:J :% `V%G :JHV ]`XCW0VIVJ RVXR1IVJ  Q%CV ^]V 1H1RV_ :J ;:H`QR1J0V` XG`X^'>50! H:I]:$JVL:J HQI]: 1GCV_ 01: QIXV^'>0_ H:I]:$JVL:J ;:H`Q].7 V^'>;7_ H:I]:$JV Q%CVRV%6:J -Q1QJ^'-7_ H:I]:$JV Q%CVRV%6:J

?:GCV:% 7%101_%:C1 : 1`R%`XV:%7!

  %V

'C:]Q%`QG=VH 1`R;:%`V`CV%101RV Q% VCVI:VR;V:%_%1`1_%VRVJV]:: V1JR`VCVGQJ X : VJ ^I:VR;V:%:7:J QG VJ%%J`V]Q` Q%%JVRX`Q$: 1QJR;QG=VH 1`RVGQJX : ]Q%` Q% _5R;:%`V`CV%101RV:IXC1Q`: 1QJRVV:%65%1 V:%6:H 1QJI1VVJ]C:HVR:JCV H:R`VRV]`Q$`:IIVRVIV%`V5V CVH:XH.X:J RV]`XH1V`CV`:1QJRVC:RX$`:R: 1QJRV V:%68

V%CCV]:`:IW `V;C;Q`1$1JVR%`1_%VRVJQJ: V1J VR%GQJX : RVC:I:VR;V:%VJ QJ  %101R:JHV`XV:%5I1VJ]C:HVVJ `V V  8

0V%6]Q1J RV%1017!2QJ ]`XVJ %`CVG:1J0V`:J 7

 %J]Q1J %`C:`V VJ%VRV:0:CV VVJC1VJ:0VHCV%101RVC:_%:C1 XRV]C:JRV:%I1VJ ]C:HV]:`C$VJHVRVC:%Q1`V>`V :$JV6

 %J]Q1J %`CV1$JQJR%VC:7;:1J ;:%`1HVR%1$JQJ_%1HQ``V]QJR:%1:%%1017!8

VRQJJXVRV%101RVC:_%:C1 XRV]C:JRV:%QJ R1]QJ1GCV]Q%`C:]X`1QRV R 8

-Q%`H:`:H X`1V`CX : RVV:%6R%J]C:JRV:%:` 1`1H1VC^VJI:VRV:%`Q` VIVJ IQR1`1XV_ ]C%1V%`H`1 W`VQJ X %R1X7

Q%`HV7>

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L  CVXCXIVJ RV_%:C1 X%`CVJ% `1IVJ 7HQJHVJ `: 1QJI:61I:CVVJX XR:

 VXCXIVJ RV_%:C1 XR%].7 Q]C:JH QJ7C:HQJHVJ `: 1QJVJH.CQ`Q].7CCV:6

 0V  ]QCC%:J   ]XH1`1_%V  JQJ  7J .X 1_%V  ^`VJ1H5  H.`QIV5  H%10`V_  V  7J .X 1_%V ^H.CQ` QC%`QJ5Q6:R1:

0:% `VXCXIVJ G1QCQ$1_%V VC_%VC1JR1HVQC1$QH.W VQ%]C:JH QJ1_%VQJ H:CH%CX85X:JIQ1J5 ]Q%`CX0:C%: 1QJRVCX : RVHV 7]VRVI:VRV:%51CJVQJ ]:=%$X]V` 1JVJ 8

  %V

V?R%!QJV1CXJX`:CRVC:C:% VQ1`V:H`XX%J`XV:%RV%101RVC:_%:C1 XRVV:%6R% RX]:` VIVJ VJHQR`1J:JHVIVJ :0VHC$VJHVRVC:%8V?`X:C1VVJ1J V`JVCVIV%`VV  C:J:C7VV C:HQII%J1H: 1QJRV`X%C : 8

V`XV:%RX]:` VIVJ :C1J1 1:CHQI]`VJR  : 1QJRV%101:JJ%VC%`CVG:1J0V`:J 8C: RVI:JRVRVC:!R%5 : 1QJQJ X X:=Q% XVJ 8!V : 1QJ`QJ CQG=V RVIV%`V Q%CV:J8

:`X]:` 1 1QJRV : 1QJV C:%10:J V7

 1$JQJR%VC:77  : 1QJ6

 0%J1W`VV V:``C%VJ ^!.:JQ%5Q%`J1V`_7 : 1QJ6

 % `V:``C%VJ R%1$JQJ^:C1J5%`VJJV5;V`CV51$JV5;:`QV V5%

JVJQ%0VCCV : 1QJRV%101:X XH`XX]:`CV?VJ:HHQ`R:0VHCV'!%`C%

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 %:C1 XRVHQ%`RV:%]:`:C X`: 1QJ

8888 : 1W`V Q`$:J1_%V V Q67R:GCV !:` V7 %:C1 XRVV:%6]:`C:C X`: 1QJ.: 1W`V8`$:J1_%VV 867R:GCV

J5C:_%:C1 XRVCV:%]Q%`CV]:`:IW `VI: 1W`VQ`$:J1_%VV Q67R:GCV%`CV1$JQJR% VC:7V $CQG:CVIVJ GQJJV; `WGQJJV8!V]VJR:J 5C:_%:C1 XRVV:%6V RXHC:XVRV `W GQJJV;GQJJVRWC: Y VRVG:1J0V`:J 5VJ:0:CR%GQ%`$R%!.:IGQJ%`1$JQJV VJ:0:CR% HQI]CV6V:0:CV VR:!.:]VCV V8

V:``C%VJ R%1$JQJR%VC:7]QWRVJ  Q%]Q%`HVH`1 W`V%JV `WGQJJV_%:C1 XVJ8V%C CV!.:JQ%5%J:``C%VJ RVC:0%J1W`V5]QWRV%JV_%:C1 XIQ7VJJV8

-Q%`CV : 1QJQ&RVIV%`VQJ X X`X:C1XV`X$%C1W`VIVJ 5JQ%]Q%0QJHQJ : V`_%VCV _%:C1 X`VCV0XVVJQJ R%IYIVQ`R`V_%VCV:% `V:JJXVRV]%18V%CVC:JJXV  :X XI:`_%XV]:`RV_%:C1 X`Q` VIVJ RX$`:RXV8JV``V 5HV V:JJXVC;5RWC:IQJ R% C1JX:1`VR%1$JQJR%VC:75 CV_%:C1 XR%H`1 W`VRV I: 1W`VQ`$:J1_%V V Q67R:GCV QJ  IQ7VJJV:0VH%JVRX$`:R: 1QJVJ_%:C1 XIXR1QH`VVJ:0:CR%GQ%`$R%!.:IGQJ%`1$JQJ8: 0%J1W`V5C:>`QV VV CV;V`CVQJ VJ_%:C1 XIQ7VJJV5CV!.:JQ%VJIXR1QH`VV CV;:

8888 : 1W`V :

8888 'V J1 `: V !:` V7 %:C1 XRVV:%6]:`C:C X`: 1QJ@1 `: V J5C:_%:C1 XRVV:%6R%1$JQJR%VC:7QJ RXHC:XVVJGQJJV_%:C1 X]Q%`CV]:`:IW `V J1 `: VRWC: Y VRVG:1J0V`:J V HVC:%` Q%CVC1JX:1`VR%HQ%`RV:%8:_%:C1 XRVV:%6RV :``C%VJ V  `WGQJJV;GQJJV:%`]Q%`C:>`QV VV CV!.:JQ%8 :_%:C1 XRVV:%6]Q%`HV V:C X`: 1QJV  :GCVVJ `VV 8

8888 : 1W`V ].Q ].Q`XV !:` V7 %:C1 XRVV:%6]:`C:C X`: 1QJI: 1W`V].Q].Q`XV :_%:C1 XRVCV:%VJ]Q%`CV]:`:IW `VI: 1W`V].Q].Q`XVV RXHC:XVVJGQJJV_%:C1 X RWC: Y VRVG:1J0V`:J R%1$JQJR%VC:78:_%:C1 X`V VGQJJV%`CV : 1QJVJ:0:C]%1 VCCVVRX$`:RVVJ_%:C1 XIQ7VJJVVJ:0:CR%HQI]CV6V:0:CV VR:!.:]VCV V8 :_%:C1 XRVV:%6RV:``C%VJ V  `WGQJJV;GQJJV]Q%`CV:``C%VJ R%1$JQJR%VC:7.Q`I1 C:1$JVQ&C:_%:C1 XIV%`XVV IXR1QH`V8 VCQJCV:JJXV5]C%1V%`RXHC:VIVJ QJ X XQGV`0XVJ_%:C1 XIQ7VJJV:%6 : 1QJVJ:0:C RVC:]1H1H%C %`VRVA:7%`1$JQJV VJ:0:CR%GQ%`$R%!.:IGQJ%`1$JQJ8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L V_%:C1 XRVV:%6IV%`XVVJ QJ RX$`:RXV%`CV;V`CV5CV!.:JQ%5C:1:%CIVV C: %`VJJV8:_%:C1 XRVC:1$JVV HC:XVHQIIVI:%0:1VC:JJXV 8

888 8 #``V RV ]`QC1`X`: 1QJ 0X$X :CV !:` V 7 %:C1 XRVV:%6]:`C:C X`: 1QJV``V RV]`QC1`X`: 1QJ0X$X :CV J5C:_%:C1 XRVV:%6]:`CV]:`:IW `VV``V RV]`QC1`X`: 1QJ0X$X :CVV  `WGQJJV%` CVJVIGCVRV : 1QJ%101V%`CVG:1J0V`:J .Q`I1C: : 1QJ%`CV1$JQJVJ:0:CR%GQ%`$ R%!.:IGQJ%`1$JQJV VJ:IQJ R%GQ%`$RV?VJHV8 0:JCVJVIGCV5%JVRX$`:R: 1QJRVC:_%:C1 XRVV:%6VJ`QJH 1QJRVHVH`1 W`VV QGV`0XV%`CV C1JX:1`VR%1$JQJR%VC:7;]:` 1`RVC:0:CRVC:]1H1H%C %`VRVA:7%`1$JQJV =%_%;C:0:CR% GQ%`$RV?VJHV8

888 %:C1 XRVV:%6VCQJCV1JR1HVG1QCQ$1_%V

8888 ;JR1HV/1QCQ$1_%V"CQG:C.Q`I:C1 X^;/"._ !:` V 7 %:C1 XRVV:%6]:`C:C X`: 1QJ?;@

V  `QJR  RV  HQ%`  RV:%  V  ]V%]CX  R%JV  `:%JV  ]:` 1H%C1W`V  HQJ 1 %XV  R1J0V` XG`X  ^C:`0V R1JVH V5  ]V 1   IQCC%_%V5  0V`5  888_  RQJ  C:  ]`XVJHV  V  1JR1]VJ:GCV  :% GQJX_%1C1G`V RV CXHQ7 WIV8

JV  :C X`: 1QJ  RV  C:  _%:C1 X  RV  CV:%  V  %HV] 1GCV  RV  ]`Q0Q_%V`  RV  IQR1`1H: 1QJ  RV  C: HQI]Q1 1QJRVHV V`:%JV8:RX V`I1J: 1QJRV]V%]CVIVJ R1J0V` XG`X5]`XCV0X%`CV V``:1J VCQJ%J]`Q QHQCV :JR:`R1X5]V`IV RQJHR:]]`XH1V`C:_%:C1 X$CQG:CVR%I1C1V%8

0V]%1 5CV]`Q QHQCVR;:J:C7VRVI:H`QR1J0V` XG`X:X XIQR1`1X]Q%`Y `VHQI]: 1GCV:0VH C:0!8;'>5RQJJV%JVJQ VHQI]`1VVJ `V^ `WI:%0:1V_%:C1 X_V ^ `WGQJJV_%:C1 X_8

V0:CV%`RV%101RVC:_%:C1 XRVV:%6G:XV%`CX %RVRVI:H`Q1J0V` XG`XV ]`XVJ XV%` C:G:VRVC:J:C7V]:`CQ% 1C=>1QI:1:%1CVJQ%0V:%7 WIVRX0:C%: 1QJRVCX : RVV:%65 7 WIV% 1C1XRXQ`I:1]Q%`X0:C%V`C: V1J VRVQG=VH 1`RVGQJX : XHQCQ$1_%VRVHQ%`RV:%8 0V0:`1: 1QJRV0:CV%`RVC1JR1HV]Q%`%JVIYIV : 1QJQJ 011GCV8JV``V 5CVH:CH%CRVC1JR1HV '>5:X XI1;=Q%`:0VHCV7 WIVRX0:C%: 1QJRVCX : RVV:%68

'>5V %J1JR1HV_%1V JX:JIQ1J `W1J`C%VJHX]:`CVHQJR1 1QJ].71_%VRVC: : 1QJRV ]`XCW0VIVJ 8'CIV RQJH]C%VJ:0:J CVH:`:H X`1 1_%V.7R`QIQ`].QCQ$1_%VR%HQ%`RV:%_%V C:_%:C1 XH.1I1_%VRVVV:%68

%`CVC1JX:1`VR%1$JQJR%VC:75C:_%:C1 XRVV:%6RV; VCQJC'>5V $CQG:CVIVJ  `WGQJJV.Q`I1VJ:0:CR%GQ%`$RV?VJHVV :%J10V:%RVC: : 1QJ:0:CR%G:1J0V`:J Q&C: _%:C1 XV GQJJV8

0VRQJJXVQJ R1]QJ1GCV]Q%`CV:``C%VJ %J1_%VIVJ ;]:` 1`RV :%`]Q%`C:0%J1W`VQ& CQJR1]QVR1J`Q`I: 1QJRV]%18:_%:C1 XRVV:%6]Q%`CV:``C%VJ V  `WGQJJV; GQJJV8V0:CV%`]Q%`C:0%J1W`VVJ:0:CR%GQ%`$RV0%J1W`VQJ 0:`1:GCVVCQJCV:JJXV7 IXR1QH`VVJ 5GQJJVVJ V IQ7VJJVVJ 8:_%:C1 XRVV:%6:IXC1Q`VVJ:0:CR% HQ%`RV:%]Q%`RV0VJ1`V  `WGQJJV8

8888 ;JR1HV/1QCQ$1_%V1: QIXV ^;/_

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L !:` V 7 %:C1 XRVV:%6]:`C:C X`: 1QJ?;:

VR1: QIXVQJ RV:C$%VG`%JV5I1H`QHQ]1_%VV %J1HVCC%C:1`VRQJ CV_%VCV VV ;G:V RV1C1HV8CCV`V]`XVJ VJ %JVHQI]Q:J VI:=V%`VR%]V%]CVIVJ :C$:CRVHQ%`RV:%V RV ]C:J  RV:%8  !V V  HQI]Q:J  V  HQJ1RX`XV  HQIIV  C:  ]C%  VJ1GCV  :%6  HQJR1 1QJ VJ01`QJJVIVJ :CV8

0:J  CV  V:%6  RQ%HV5  CV  R1: QIXV  QJ  HQJJ%V  ]Q%`  `X:$1`5  VJ `V  :% `V5  :%6  ]QCC% 1QJ Q`$:J1_%V8CCV`V]`XVJ VJ %JHQI]CXIVJ 1J X`V:J :%6I:H`Q1J0V` XG`X_%1`VJV1$JVJ  VVJ 1VCCVIVJ %`C:_%:C1 XR%I1C1V%^_%:C1 XV R10V`1 XRV.:G1 : _8

VH:CH%C^JQ V%`_RVC'JR1HV>1QCQ$1_%V01: QIXV^'>0_V G:X%`C:]QCC%QVJ1G1C1 XRV V]WHV8  'C `:R%1  :1J1  C:  ]C%  Q% IQ1J  GQJJV  _%:C1 X  RV  CV:%  V  ]:` 1H%C1W`VIVJ  CV  RV$`X RV% `Q].1: 1QJ8

:J:C7VRVC'>0;C: : 1QJVJ Y VRVG:1J0V`:J R%1$JQJIV VJX01RVJHV%JV `WGQJJV _%:C1 XRVV:%68V7 WIVRX0:C%: 1QJRVCX : RVV:%6IV VJX01RVJHV%JV:IXC1Q`: 1QJR:J CV VI]RVHV V_%:C1 X:0VHRV_%:C1 XIXR1QH`V;IQ7VJJVVJ `VV  V CV`V Q%`RV _%:C1 X `WGQJJV=%_%VJ8

!V V_%:C1 XV `Q` VIVJ RX$`:RXVVJ:0:CRVC:]1H1H%C %`V:0VH%JRXHC:VIVJ VJHC:VRV _%:C1 XIQ7VJJV8V`Q` ]Q VJ 1VCR;:% QRX]%`: 1QJV C:H 1QJRVR1C% 1QJRV:``C%VJ QGV`0VJ  ]:`C:IXC1Q`: 1QJRVC:_%:C1 XRVV:%6VJ:IQJ R%GQ%`$R%!.:IGQJ%`1$JQJQ&HVCCVRH1V  `WGQJJV8J `VV 5%JV VJR:JHV;C:RX$`:R: 1QJRVV:%6VJ:0:CR%GQ%`$R% !.:IGQJ%`1$JQJV RV?VJHVV 011GCV8

V%101R:JCV VI]%`C:0%J1W`VIV VJ0:CV%`%JV_%:C1 XRVV:%60:`1:GCV]::J R%JV :JJXV%`C:% `VRVIQ7VJJV; `WGQJJV8V7 WIVRX0:C%: 1QJRVCX : RVV:%6IV VJ X01RVJHV  %JV   V% `Q].1: 1QJ  ]C%  1I]Q` :J V  R%  HQ%`  RV:%  :0VH  RV  _%:C1 X  ]Q%0:J  Y `V IXR1QH`V  HV` :1JV  :JJXV8  V  _%:C1 X  VCQJ HV  1JR1HV  ]Q%`  CV  RV%6  RV`J1W`V  :JJXV  QJ  IQ7VJJV8

JVV%CVIV%`VRVC'>0V R1]QJ1GCV]Q%`CV:% `V:``C%VJ R%1$JQJ8:_%:C1 XRVV:%6RV C%`QV VV CV;:

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 88 8 .7 Q:J1 :1`V

V`Q%]V7X$1QJ:CRH 1QJHQJ `VCV-QCC% 1QJ]:`CV-`QR%1 ].7 Q:J1 :1`V5-.7 V:%0V`$JV5 :%`VRV]%1 C:%`0V1CC:JHVRVV:%6%]V``1H1VCCVV Q% V``:1JVR;%0V`$JV5R:JCVH:R`V R%7XV:%RV!QJ `TCV2]X`: 1QJJVC1I]QX]:`C:01`VH 10V!:R`V:%%`CVI:VRV:%8

V%101RV]V 1H1RV%`CV1$JQJV `X:C1X;CV6% Q1`VR%G:1J0V`:J 5;:1J R;:%`1HVRV 1$JQJ8'C:R;:GQ`RX X:%`X]:`-.7 V:%0V`$JVVJ `V:0`1C;RXHVIG`V 5]%1]:` C$VJHVRVC:%Q1`V>`V :$JVRV]%1 8

A1$%`V 7%101RV]V 1H1RV%`CV1$JQJ; R;:%`1HVRRVR1$JQJ

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 5V%`IQCXH%CVR1``X`VJ VQJ X XRX VH XV%`CV1$JQJRV]%1 7

- %H%J.V`G1H1RV% 1C1X%`I:6Q%HX`X:CVJ;:X X`VCV0X

- 0V%6.V`G1H1RV% 1C1X%`R;:% `VH%C %`VQJ X XRX VH X]QJH %VCCVIVJ 5;RV`:1GCV HQJHVJ `: 1QJ^X .Q`%IV: VV 1I:<1JV_

- =%: `V.V`G1H1RV;%:$VI%C 1]CV^:$`1HQCVV JQJ:$`1HQCV_QJ X XRX VH X7;-^:H1RV :I1JQIX .7C].Q].QJ1_%V_5R1%`QJ5IXHQ]`Q]V $C7].Q: V8;;-:X X`V `Q%0X%` QRV]`XCW0VIVJ ]:``Q1;RVHQJHVJ `: 1QJXCV0XV^=%_%;;5-$LVJQH QG`V _8'C;:$1 R%]`VI1V`IX :GQC1 VR%$C7].Q: V5.V`G1H1RV`QC1:1`V7 XI1_%VRV]Q R CV0XV `W% 1C1X%` Q%  7]VRV%``:HV7=:`R1J5]Q :$V`5GQ`R%`VRV`Q% V5V H9

- J`QJ$1H1RV:X XIV%`XRV%6`Q15VJ=%1JV VJV] VIG`V 8'C;:$1 R%`C%<1C:

- 0V%61JVH 1H1RVQJ X X`VCV0X%JV`Q17CVH.CQ`]7`1].QRX .7C^5 -$LVJ:0`1C _5 1JVH 1H1RV]`1JH1]:CVIVJ % 1C1XR:JCV=:`R1J]Q :$V`V CV]VJ :H.CQ`Q].XJQC^5  -$LVJQH QG`V _5:JH1VJ1JVH 1H1RV% 1C1X]Q%`CV `:1 VIVJ RVGQ1R:JCVH1V`1V8

:JQ`IVRV]Q :G1C1 XRVC;V:% 1]%CV_%VC:HQJHVJ `: 1QJRV`X1R%RV]`QR%1 ].7 Q:J1 :1`V R:JCVV:%6RV 1JXV;C:HQJQII: 1QJ.%I:1JVRQ1 Y `V1J`X`1V%`V;5j$L]Q%`%JVIQCXH%CV RQJJXVV ;5 j$L]Q%`C;VJVIGCVRV`X1R%]`XVJ 82`RV%6]`XCW0VIVJ QJ RX]:X5  j$LVJQH QG`VV VJQH QG`V V RVJQIG`V%VRX VH 1QJQJ RX]:X5j$L0Q1`5  j$L5JQ :IIVJ ]Q%`CV.V`G1H1RV;%:$VI%C 1]CV8

!V]`XCW0VIVJ  XIQ1$JVJ RVRX]:VIVJ RVJQ`IV]Q%`CV.V`G1H1RV$XJX`:C1 VV VJ ]:` 1H%C1V`CV$C7].Q: VV VIX :GQC1 V8

0VRQJJXVG`% V%`CV]V 1H1RVV61 VJ ]Q%`C: : 1QJRV%1017!%`C:0%J1W`V^05 _V  %`CV1$JQJ]`WRV?VJHV^ _85X:JIQ1J5HVCCVRH1JQJ ]%Y `V:J:C7XVR:JCVH:R`VRVHV `:]]Q` 8

Q%`HV7-C?755$VJHVRVC:%Q1`VR>`V :$JV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 8  %%@ : : % %CC 

8 88 %:_%:C1 XRVV:%6V RVXR1IVJ 

VG%`V:%RX %RV`VGV:X XI:JR: X]:`CV'!C:% VQ1`V]Q%``X:C1V`%JG1C:JRVC:_%:C1 X RVV:%6V RVXR1IVJ R%G:``:$VRV:0:CV VVJ 8V`X%C : ]`XVJ XH1RRVQ%QJ  1%RVHV VX %RV8

?VCCV_%VRX`1J1VR:JC:H1`H%C:1`V L5`VC: 10V;C: 7]QCQ$1VJ: 1QJ:CVRVV:%6RV%``:HV5C: `V VJ%VRV:0:CV VV HQJ1RX`XVHQIIV%J]C:JR;V:%RV 7]V5 V RV`Q`IV-8CCVV RQJH RX`1J1VHQIIV%JI1C1V%R;Q`1$1JV:J .`Q]1_%V5RVIQ7VJJVIQJ :$JV5JQJH:CH:1`VV ]`Q`QJR5V  HQIIV%J]C:JR;V:%:7:J ;C:`Q1%JV



A1$%`V7`Q`IV .XQ`1_%VRVC:H%0V VC:H% `V

?`Q1]Q1J RV%101QJ X XIV%`X7:%]Q1J RV]C%$`:JR]`Q`QJRV%`^]`QH.VR%G:``:$V_:1J1 _%VRV%6VJ:IQJ RVC:`V VJ%V5V ]Q%`H.:_%V]Q1J _%: `VIV%`VQJ X XV``VH %XV Q% :% CQJ$RVC;:JJXV8

  CVI]X`: %`VV Q67$WJV7 

%RXG% R%]`1J VI]5C:`V VJ%VR;V:%V VJ.QIQ .V`I1V7 Q% VCVHQ%H.VR;V:%RVC: `V VJ%VQJ ;C:IYIV VI]X`: %`V5V ]`XVJ V%JVGQJJVQ67$XJ: 1QJ%`%JV$`:JR]:` 1VRVC: HQCQJJVR;V:%82JJQ V Q% V`Q1%JV

C:`1JR%]`1J VI]]%1R%`:J C;X X5:0VHC;XH.:%``VIVJ RVV:%6RV%``:HV^=%_%;;  !_5%JV  `: 1`1H: 1QJ .V`I1_%VVIV VJ]C:HV%`C:HQCQJJVR;V:%5C: VI]X`: %`VR1I1J%:J CQ`_%VC: ]`Q`QJRV%`:%$IVJ V^CVHQ%H.V]`Q`QJRV`V :J ;C: VI]X`: %`VRV !_8;Q67$XJ: 1QJH.% V :CQ`]`Q$`V10VIVJ ;]:` 1`RVR I8

  J:C7V].71HQRH.1I1_%V7 

CQG:CVIVJ  CV VJV%` VJJ% `1IVJ  %` C:HQCQJJVR;V:% ]V%0VJ Y `V HQJ1RX`XVHQIIV IQ7VJJV;XCV0XV%`C:`V VJ%VRV:0:CV V8

V:J:C7V`X:C1XVIQJ `VJ _%VC:H.:`$V1J V`JVRVXR1IVJ ^H].:VQC1RVIRVC;V:%_VJ ].Q].Q`VV  `W1I]Q` :J V^5 Q_HV_%1]XJ:C1VCV]C:JR;V:%8

0V]C%5C;V:%1J V` 1 1VCCV]`XVJ VR:JCVXR1IVJ RVC:`V VJ%V:%JV VJV%`VJ:

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L   :`:IW `VG1QCQ$1_%V7 

V:J:C7VHQJHV`J:J CV].7 Q]C:JH QJIQJ `VJ %JV:%$IVJ : 1QJ$`:R%VCCVR%]`1J VI]0V` C;:% QIJVRVHQJHVJ `: 1QJ].7 Q]C:JH QJ1_%V8VV]WHVVRX0VCQ]]:J ;G:V VI]X`: %`V RQI1JVJ VJ]X`1QRV.10V`J:CV8-%1;]:` 1`R%]`1J VI]5CQ`R%`XH.:%``VIVJ RV VI]X`: %`V5 HVQJ CV!.CQ`Q].7HXVV !7:JQ].7HXV_%1RQI1JVJ CV]V%]CVIVJ ^VCCV`V]`XVJ VJ ]`WRV QR%]V%]CVIVJ VJ_%V%VRV`V VJ%V_8V!7:JQ].7HXV5]`XVJ VJ_%:J 1 XR%`:J C;X XV  C;:% QIJV5]`XVJ VJ :CQ`RV`1_%VRV Q61H1 X^XH`X 1QJRVJV%`Q Q61JVV .X]: Q Q61JV_8

;1JR1HV].7 Q]C:JH QJ1_%VH:`:H X`1V:CQ`CV]C:JR;V:%HQIIV%JI1C1V%V% `Q].V5H;V ;R1`V%J I1C1V%RXX_%1C1G`XV RX$`:RX5VJ`:1QJR;%JV]`XVJHVV6HV10VRVI: 1W`VJ% `1 10V^].Q].Q`V V :

0V]C%5CV:J:C7V :6QJQI1_%VIQJ `VJ C;:GVJHVR:JC:`V VJ%VRV :6QJVJ1GCV;C: ]QCC% 1QJ5 XIQ1$J:J RVC:]QCC% 1QJQ`$:J1_%VRVC;V:%RVC:`V VJ%VQ%R7 `Q].1V8

  !QJHC%1QJ%`C:_%:C1 XRVC;V:%R%G:``:$VRV%:0:CV V7

Q`RVC;XCX0: 1QJRV VI]X`: %`V;]:` 1`R%]`1J VI]5%JV `: 1`1H: 1QJ .V`I1_%VRVHQ%H.V R;V:%RVC:`V VJ%VVIV VJ]C:HVV CVHQ%H.VR;V:%]`Q`QJRV^VJ_%V%V:1J1_%;:%`QJRRVC: `V VJ%V_0Q1VJ CV%` :%6VJQ67$WJVR1I1J%V`8V]`QHV%RV QH@:$VV RVI1JX`:C1: 1QJ^Q% VJHQ`VRVRX$`:R: 1QJ_QJ :``Y X5V :1J1CV%G :JHVJ% `1 10VHQJ VJ%VR:JCVXR1IVJ  ^;5 QR%].Q].Q`V_QJ `VC:`$%XVR:JC:`V VJ%V8

1J1  R%`:J  C;X X  V  C;:% QIJV5  CV  HQJHVJ `: 1QJ  VJ  ].Q].Q`V  ^- Q  V  -2_  :%$IVJ VJ  HQJ1RX`:GCVIVJ 8!V]1HRVHQJHVJ `: 1QJ5HQJHQI1 :J Q%]`QH.VRVRXG1 R;X 1:$VR%1$JQJ5 VJR;HQJHVJ `V`R;:0:J :$VHV%G :JHV8

!V  I1C1V%  RXX_%1C1G`X5  `1H.V  VJ  I: 1W`V  J% `1 10V  ]V`IV  :CQ`  CV  RX0VCQ]]VIVJ  RV H7:JQ].7HXV5].XJQIWJVX$:CVIVJ :]]VCXV% `Q].1: 1QJ8

!V  ].Q].Q`V  HQJ VJ%  R:J  CV  XR1IVJ   V  R:J  C;V:%  ]`Q01VJ  ]Q%`  ]:` 1V  RV  :H 101 X :J .`Q]1_%V]`XVJ V%`CVG:1J0V`:J 5I:1HV:J:C7VJV]V`IV VJ ]:]Q%`:% :J RV H1GCV`HVRV`J1W`V]`XH1XIVJ 8

V]C:JR;V:%]`XVJ V%JGQJX : H.1I1_%V]Q%`C;VJVIGCVRVI1H`QR]QCC%:J 8

:_%:C1 X].71HQRH.1I1_%VRVXR1IVJ V `Q` VIVJ ]XJ:C1XV]:`CV `W`Q` V VJV%`VJ :

V1JR1HVG1QCQ$1_%V1JR1_%VJ V%6:%1_%VCV]C:JRV:%RV:0:CV VV %JI1C1V%RXX_%1C1G`X V RX$`:RXH:` `Q]`1H.VVJJ% `1IVJ R1]QJ1GCVR:JCV:%8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 88 %VQ`1$1JVRV`C%6R:

0:JCVH:R`VRVCX :GC1VIVJ RV]X`1IW `VRV]`Q VH 1QJ%`C:`V VJ%VRVC:!.:]VCV VV RV :0:CV V5%JVV 1I: 1QJRV`C%6R:

 RV`C%6%`G:1J7]QCC% 1QJRQ`1$1JVRQIV 1_%V^::1J1VIVJ HQCCVH 1`5JQJHQCCVH 1`_5 ]QCC% 1QJRQ`1$1JV1JR% `1VCCV6

 RV`C%6:$`1HQCV7RX=VH 1QJ:J1I:CV5`C%6I1JX`:%65V6]Q` : 1QJ]:`CVH%C %`V8

VG:1J0V`:J ]`1VJHQI] VV HVC%1VJ:IQJ RVC:`V VJ%VRVC:!.:]VCV V5V JQJCVJVIGCV R% V``1 Q1`VR%8

?:GCV:% 7 1I: 1QJRV`C%6RV]QCC% 1QJ:%R`Q1 RVC:`V VJ%VRVC:!.:]VCV V

;1C:J:JJ%VC X`1QRVV 10:CV -.Q].Q`V 

VCQJHV VV 1I: 1QJ51C`VQ` _%VCV`C%6:$`1HQCVHQJ 1 %VJ C:I:=Q`1 X^ Q_RV:]]Q` VJ :

'CV ]`XH1XR:JHV VX %RV_%1CV R1``1H1CVRX0:C%V`CVI:`$VR1JHV` 1 %RVC1XV;C:]]`QH.V I1VVJ]C:HV8

8 8  %  : ;?@: 

8 88 <:]]VC`X$CVIVJ :1`V

:JQ%0VCCVR1`VH 10V L L!R% `X0`1V` %`C:_%:C1 XRVV:%6RVG:1$J:RV5_%1`VI]C:HV ]`Q$`V10VIVJ C:R1`VH 10VJ L L!5`V]`VJRCVQGC1$: 1QJRVC:R1`VH 10VRV VJCV `VJ`Q`M:J V VJCVIQRV`J1:J 8

VX0QC% 1QJ:]]Q` XVHQJHV`JVJ JQ :IIVJ CV]:`:IW `VRV_%:C1 X:J1 :1`VV C;1J`Q`I: 1QJ R% ]%GC1H8!V V R1`VH 10V `VJ`Q`HV X$:CVIVJ  CV ]`1JH1]V RV $V 1QJRV V:%6 RV G:1$J:RV VJ 1J `QR%1:J %J>]`Q`1C?RVHVV:%68!V]`Q`1CHQ``V]QJR;%JV1RVJ 1`1H: 1QJV ;%JVX %RVRV Q%`HVRV]QCC% 1QJ]Q%0:J :``VH V`C:_%:C1 XRVCV:%RVG:1$J:RVV ]`XVJ V`%J`1_%V]Q%`C: :J X  RV  G:1$JV%`8  'C  ]V`IV `:  RV  I1V%6  $X`V`5  RV  I:J1W`V  ]`X0VJ 10V5  CV  HQJ :I1J: 1QJ X0VJ %VCCVR%1 VRVG:1$J:RV8

:_%:C1 XRVV:%6RVG:1$J:RVV X$:CVIVJ `X$1V]:`CVHQRVRVC::J X]%GC1_%V^Q1JAR  R% I:15H.:]1 `VV QJRXH`V R;:]]C1H: 1QJ_8

Q%`HV7   :GC1VIVJ  RV  ]X`1IW `V  RV  ]`Q VH 1QJ  %`  C:  `V VJ%V  RV  C:  !.:]VCV V  V  RV  :0:CV V  5  X %RV HQI]CXIVJ :1`V5'--R%-:7R1J$V:%65RXHVIG`V8 ;Q7VJJVRVIQ1RVI%1CCV V :Q( 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L J]`: 1_%V5CV

;2`$:J1: 1QJ;QJR1:CVRVC::J X^2;_:X$:CVIVJ XI1RV`VHQII:JR: 1QJVJI: 1W`VRV H7:JQG:H X`1V:HHV] :GCVR:JCVV:%6Q&V]`: 1_%VJ RVCQ11`J:% 1_%V8

J%101RV1 V:X XRVI:JRX]:`CV;1J1 W`VRVC::J X:%600RVH.:_%VRX]:` VIVJ 5]:` H1`H%C:1`VR% =%1J8

8 88 !7:JQG:H X`1V

VH7:JQ].7HXVQJ RVG:H X`1V_%1V]`XVJ VJ Q%`Q`IVR:C$%VV QJ ]`XVJ VRV]%1 RVI1CC1:`RR:JJXVR:JCVJ01`QJJVIVJ 8CCVQJ ;CQ`1$1JVRVCQ67$WJV: IQ].X`1_%V8

V%`RX0VCQ]]VIVJ V]`QR%1 VJX X]`1JH1]:CVIVJ CQ`_%VCCV`VJHQJ `VJ RVHQJR1 1QJRV ]`QC1`X`: 1QJ`:0Q`:GCV7 VI]X`: %`VXCV0XV5C%I1JQ1 X1I]Q` :J V5]`XVJHVRVJ% `1IVJ  VC _%VC:

V%`]`XVJHVV `VH.V`H.XVR:JCVH:R`VR%%101RVC:_%:C1 XRVV:%6RVG:1$J:RVV``VH %X]:` C7  H:`  VCCV  ]V%0VJ  Y `V  ;  CQ`1$1JV  RV  C1GX`: 1QJ  RV  Q61JV  R:J  CV:%8  !VCCVRH1  ]V%0VJ  VJ$VJR`V`%J`1_%V]Q%`C::J X.%I:1JV8

!V%101V RX :1CCX]:`C:H1`H%C:1`VJ R `VC: 10V;C:H:I]:$JVRVHQJ `TCV:J1 :1`VRV C:_%:C1 XRVV:%6RVG:1$J:RV8!V VH1`H%C:1`V`% ]`XH1XV]Q%`CV%101RVH7:JQG:H X`1V]:`C: H1`H%C:1`VR R%=%1J`VC: 10V:%6IQR:C1 XRX0:C%: 1QJV RV$V 1QJRV`1_%V :J1 :1`V`:HV;RV1 %: 1QJRV]`QC1`X`: 1QJRVI1H`QR:C$%V^H7:JQG:H X`1V_R:JRVV:%6RV

8 88 !QJ `TCVRV_%:C1 X

VHQJ `TCV:J1 :1`VRVV:%6RVG:1$J:RV5]`Q$`:IIV`1J:JHX]`: 1_%VIVJ ;]:` X$:CV]:`CX :  V CVHQII%JV501V;:%`V`C:]`Q VH 1QJ:J1 :1`VRVG:1$JV%`8

V]`XCW0VIVJ RV:%QJ `X:C1X]:`CV:$VJ RVV`01HV:J XRVJ01`QJJVIVJ RVC78V :J:C7VQJ `X:C1XV]:`RVC:GQ`: Q1`V:$`XX:% 1 `VR%HQJ `TCV:J1 :1`VRVV:%6]:`CV I1J1 W`VH.:`$XRVC::J X8

:  %`0V1CC:JHV  :J1 :1`V  JV  HQJ1 V  ]:  %J1_%VIVJ  VJ  CV6XH% 1QJ  R%J  HV` :1J  JQIG`V  RV ]`XCW0VIVJ   :%6  `1J  R:J:C7V  6  VCCV  HQI]Q` V  X$:CVIVJ  %J  V6:IVJ  RX :1CCX  RV  C1V%6  RV G:1$J:RVV RVCV%`0Q11J:$V7H:`:H X`1 1_%V].71_%VRVC:

-Q%`  H.:_%V 

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 0V%6H: X$Q`1VR1JR1H: V%`QJ % 1C1XV]Q%`IV%`V`C:_%:C1 XRVV:%6RVG:1$J:RV7

RCV]:`:IW `VI1H`QG1QCQ$1_%VQJ RV$V`IV XIQ1JRVHQJ :I1J: 1QJ`XH:CV_%1JVQJ ]: R:J$V`V%6  VJ  V%6  IYIV5  I:1  RQJ  C:  ]`XVJHV  ]V%  :HHQI]:$JV`  RV  HVCCV  RV  $V`IV ]: .Q$WJV8  V  `1_%V  :J1 :1`V  :%$IVJ V  :0VH  CV  J10V:%  RV  HQJ :I1J: 1QJ  RV  CV:%  ]:`  HV 1JR1H: V%`RV]QCC% 1QJ8?`Q1$V`IVQJ `VH.V`H.XVJ`Q% 1JV5V ]V`IV VJ CVHC:VIVJ RV V:%6RVG:1$J:RV^CVHQC1`Q`IV Q :%65CVHQC1`Q`IV`XH:%6Q%H.V`1H.1:HQC15CV `V] QHQ_%V `XH:%6Q%VJ X`QHQ_%V1J V 1J:%6_80:JHV` :1JVH1`HQJ :JHV5VJH:RV]QCC% 1QJ]:`RV `V=V RV]:` 1H%C1V`]:`V6VI]CV5C:`VH.V`H.VR:% `V$V`IV]V% Y `VQ]X`XV^:CIQJVCCVV  VJ X`Q01`%_8

RCV]:`:IW `V].71HQRH.1I1_%V7CVIQ%V5CV].XJQC5CV.%1CVI1JX`:CV5C:HQ%CV%`5CV `X1R%$Q%R`QJJV%6V CVI: 1W`V`CQ :J V5C: `:J]:`VJHVRVC;V:%`QJ CQG=V R%JVIV%`VQ% R%JVX0:C%: 1QJ01%VCCVQ%QC`:H 10V%`CV V``:1J8V `Q1]`VI1V`]:` 1H1]VJ :%H:CH%CR% HC:VIVJ RVV:%6RVG:1$J:RV8J`QJH 1QJRVH1`HQJ :JHVRV V``:1J5R:% `V]:`:IW `V ]V%0VJ Y `VIV%`X7]C5J1 `: V5].Q].: V5H.CQ`Q].7CCV5I1H`Q]QCC%:J 59

HV]:`:IW `VV`:=Q% VCV%101RVH7:JQG:H X`1V8

8 88 %:C1 XRVV:%6RVG:1$J:RV HV=Q%`5%JV%C1 VRVG:1$J:RVQ``1H1VCV %101%`C:G:1J0V`:J 7CV1 VRVC:]C:$V:% !.:IGQJ%`1$JQJ8'C:$1 R%J]Q1J RVG:1$J:RV:IXJ:$XR:JCV1$JQJR%VC:7VJ:IQJ R% GQ%`$8 V_%:C1 X^0Q1`H:` V_QJ IQ7VJJV=%_%VJ V GQJJVVJ8 7`X:C1V%J%101RVC:_%:C1 XRVV:%6R:JC:`V VJ%VRV:0:CV V_%1V %J1 VRVG:1$J:RV JQJ:% Q`1XV8%15CV`X%C : RVHV%101JVQJ ]:`VJR%]%GC1_%VR:JC:HQII%J1H: 1QJ RVC78!V%101IV VJ0:CV%`%JVGQJJV_%:C1 XRVV:%6%`CVH`1 W`VRVG:1$J:RV.Q`I1%J RX]:VIVJ RVC:JQ`IVVJH7:JQG:H X`1VVJ 8!VRX]:VIVJ HQ``V]QJR;%JV%1CR:CV` V :0VHCV`VHQII:JR: 1QJ%10:J V7  01 V`R1J$X`V`CV:%V RV`V]1`V`RV:X`QQCRVCV:%5  -`VJR`V%JVRQ%H.VQ1$JXV:]`WC:H 101 XJ:% 1_%VQ%:]`WC:G:1$J:RV5  5V Q7V`CVI: X`1VCV CVX_%1]VIVJ RVCQ11`J:% 1_%V  !QJ%C V`%JIXRVH1JVJH:R:]]:`1 1QJRV `Q%GCVRV:J XRVJ01`QJJVIVJ  01HX`V`CV]Q1QJ:0:J HQJQII: 1QJ5  'J`Q`I: 1QJRVC:]Q]%C: 1QJ]:`:``1H.:$V%`1 V8 0V%6:JH1VJ1 VRVG:1$J:RVQJ X X%101]:`C77C; :J$RV`QV:%!.:IGQJ%`1$JQJVJ  V  V CV;QJ IQ7V%6;?VJHVVJ 8!VRV%61 V]`XVJ VJ %JV %`G1R1 XRVV:%6 `Q]1I]Q` :J V8V1 VRV?VJHV:]`XVJ XVJ %JV_%:C1 XRVV:%61J%``1:J V]Q%`C: G:1$J:RVRV]:` %JVHQJHVJ `: 1QJVJH7:JQG:H X`1V `Q]1I]Q` :J V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 8  ;?%@ : ?? : %  %?CB :  <2?!?%% 

V`XV:%RV%101RVC:_%:C1 XRVV:%6V HQJ 1 %XRV : 1QJ%`C:0%J1W`VV :``C%VJ 5  : 1QJ%`CV1$JQJR%VC:75  : 1QJ%`V:``C%VJ V  : 1QJ%`CVC:HRV:0:CV V8

V : 1QJRVIV%`VQJ ]Q1 1QJJXV]V`IV VJ R:0Q1`%J:]V`M%RVC:_%:C1 XRVV:%6%`CV :``C%VJ ]`1JH1]:%680V]C%5VCCVQJ ]Q1 1QJJXVRVI:J1W`V;]Q%0Q1`X0:C%V`C1I]:H RV`V=V  =%$X1I]Q` :J %`CVG:1J0V`:J 8-Q%`HV`:1QJ5HV`XV:%RV%101V =%$X]V` 1JVJ ]Q%`CV ]:`:IW `VG1QCQ$1_%VV ].71HQRH.1I1_%V8V%101RV].7 Q:J1 :1`VV `X:C1X%J1_%VIVJ ; CV6% Q1`VR%G:1J0V`:J 8!VH1]V`IV R:0Q1`%JV:]]`XH1: 1QJ$CQG:CVRVHV]:`:IW `VI:1JV ]V`IV ]:HQJJ:4 `VCVHQJHVJ `: 1QJRVHV]:`:IW `VR:JCVR1``X`VJ Q%G:1JR0V`:J 8

V:C X`: 1QJQGV`0XVIV VJ VJ0:CV%`]C%1V%`]`QGCXI: 1_%V%`CVG:1J0V`:J 8

R?Q% R:GQ`R5C:_%:C1 XRVV:%6V RXHC:XVVJGQJJV_%:C1 XRWC: Y VRVG:1J0V`:J ]Q%` CV]:`:IW `VJ1 `: VV ].Q].Q`V8 :J RQJJX_%:%H%JV : 1QJRX]%`: 1QJJV`V=V VVJ :IQJ RVC: : 1QJC:]C%VJ:IQJ 5C:]]Q` RVHVJ% `1IVJ V RQJH:$`1HQCV8JVX %RVRV C0:I1VJ0:CV%`%JV VJV%`1I]Q` :J VVJ].Q].Q`VRVQCRVC:]:` 1V:IQJ RVG:1J 0V`:J 8X`Q1QJ%`CV]:`HVCCV:$`1HQCV]Q%``:1 Y `V;CQ`1$1JVR%JV]:` 1VR%].Q].Q`V ]`XVJ  R:J  CV  HQ%`  RV:%8  5X:JIQ1J5  CV  IV%`V  V``VH %XV  R:J  CV  H:R`V  R%  `XV:% RX]:` VIVJ :CJV]V`IV VJ ]:RVRX V`I1JV`C:Q%`HV^]XRQCQ$1_%V5:$`1HQCV5::1J1VIVJ _ RVHVJ% `1IVJ 8

R0VRXHC:VIVJ RVC:_%:C1 XRVV:%6QJ 011GCV%`CV1$JQJR%VC:7]Q%`]C%1V%` :C X`: 1QJVJ:0:CRVC:]1H1H%C %`VRVA:7%`1$JQJ5

R0VIYIV5RVJQIG`V%6RXHC:VIVJ QJ QGV`0XVJ:0:CRVGQ%`$R%!.:IGQJ%`1$JQJV  RV?VJHV

R!V` :1J:``C%VJ R%1$JQJQJ RX$`:RX8:``C%VJ :7:J %JVRX$`:R: 1QJRVC:_%:C1 XRVHV V:%6C:]C%`XH%``VJ VV %J:``C%VJ RVC:0%J1W`V5CV!.:JQ%8:1$JVV C:1:%CIV]`XVJ VJ  RV  VJV%`  VJ  I: 1W`V  :`QV V ]`XVJ V%JVRX$`:R: 1QJRVV:%6I1VVJ0:CV%`]:`C'>08

R:_%:C1 XRVV:%6RVC:0%J1W`VV $CQG:CVIVJ GQJJV8

RVV:%6R%]C:JRV:%RV:0:CV VQJ X0:C%XVHQIIVX :J VJGQJX : XHQCQ$1_%VVJ  :0VH%J1JR1HVRVHQJ`1:JHVIQ7VJVCQJCVH`1 W`VC1X;C:]]C1H: 1QJRVC:0!8X : XHQCQ$1_%V RVHV]C:JRV:%V _%:C1`1XRVIQ7VJVJ :0VH%J1JR1HVRVHQJ`1:JHVI:61I%I8%15C: RX`1J1 1QJR%GQJX : XHQCQ$1_%V:]`1VJHQI] V%J1_%VIVJ HQIIV1JR1HVG1QCQ$1_%VCV :%6RV H.CQ`Q].7CCVIQ7VJVJ]X`1QRVV 10:CV8V:% `V1JR1HVG1QCQ$1_%V_%:C1`1VJ HV VI:VRV:% HQIIV  IQ7VJJV  ;  IXR1QH`V8  !V V  X0:C%: 1QJ  :]]VCCV  RQJH  ;  C:  ]`%RVJHV  V  V  RQ1  RY `V HQI]CX XV]:`CV%101]C%HQI]CV RVCX %RV7>8

!V VX %RVIV R:1CCV%`VJ:0:J C:`Q` V VJV%`RVXR1IVJ VJ].Q].Q`V:1J1_%VCV%` `VC:`$:$V:1QJJ1V`8!V%6RH1]V%0VJ VJ `:4JV`%JVRX$`:R: 1QJRVC:_%:C1 XRVHV VI:VRV:%8 0:1CCV%`5RV].XJQIWJVRV% `Q].1: 1QJ:0VH%JRX0VCQ]]VIVJ R:C$%VVJ%``:HVRVV:%6 QJ RQ`VV RX=;X XQGV`0X;]C%1V%``V]`1VVJ]X`1QRVV 10:CV8

:_%:C1 XXHQCQ$1_%VRVHV VI:VRV:%V RQJHX0:C%XV:H %VCCVIVJ HQIIVGQJJVI:1CV ].XJQIWJVRV% `Q].1: 1QJ]QJH %VC]V%0VJ C:1V`%]]QV`%JVRX$`:R: 1QJRVHVCCVRH1R(:% R7`QJH 1QJJVIVJ  `Q].1_%V:H %VCRVC:`V VJ%V8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L :HQJHVJ `: 1QJVJ].7 Q:J1 :1`VV 5;HV` :1JV`V]`1V5 `Q]1I]Q` :J V85X:JIQ1J5CV%101 :7:J C1V%%`%JV%C]Q1J R:JC:]:` 1V:0:CR%G:1J0V`:J 51CJV ]:]Q1GCVRVCQH:C1V`C:Q% CVQ%`HVRVHVHQI]Q:J 8

8 8   8C<<?@ 

V75^7XV:%J: 1QJ:CRV%101RVV:%6Q% V``:1JV_5`XV:%]: `1IQJ1:CRVHQJJ:1:JHVRV C;X0QC% 1QJ]: 1QR VI]Q`VCCVRVC:_%:C1 XRVJ:]]V5:X XI1VJ\%0`VVJ8

J   5  1C  HQI]Q` :1      : 1QJ  `X]:` 1V  %`  CV  J:]]V  R%  G:1J8  ;:$VJHV  `X:C1V  RV ]`XCW0VIVJ `Q1]:`:JVJJ:]]VC1G`V5`Q1]:`:JVJJ:]]VH:] 10V5V `Q1]:`:JR:JCV J:]]V@:` 1_%V8CCV`VH.V`H.VV IV%`VCV]:`:IW `V].71HQRH.1I1_%VHC:1_%VV CV I1H`Q]QCC%:J ^Q`$:J1_%VV I1JX`:%6_8

J 5CV75:X0QC%X]Q%`RV0VJ1`CVH`XV:%RV%`0V1CC:JHVRVC:_%:C1 XRVJ:]]VI5RQ XRV  : 1QJRVIV%`V5_%11J W$`VR:JVQG=VH 1`C:`X]QJV:%6V61$VJHVRVC:R1`VH 10VRH:R`V %`C;V:%^0!_8

HV 1 `V5 `Q1 : 1QJRVIV%`VQJ ]`XVJ V%`CVG:1J0V`:J 7

 %JV : 1QJVJ Y VRVG:1J0V`:J

 %JV : 1QJR:JCVVH V%`R%;V7$:CV %JV : 1QJ%`CVG:1J0V`:J RVC:0%J1W`V8

$VJHV  RV  C:%  Q1`V  >`V :$JV  :  ]`QR%1  VJ    %JV  H:` V  R:C X`: 1QJ  RV  J:]]V  RV:% Q% V``:1JV]:`CV]V 1H1RV8X0:C%: 1QJRVCX : RVV:%6Q% V``:1JVIV VJ0:CV%`%JVGQJJV _%:C1 X]Q%`HV `Q1]Q1J RVIV%`V%`HV]:`:IW `V8

'C  7 :  R10V`$VJHV  VJ `V  HV  0:CV%`  V  CX0:C%: 1QJ  RV  CX :  $CQG:C  RV  CX :  RV  I:V  RV:% Q% V``:1JV8JV``V 5HV0:CV%`]`XVJ VJ %JVGQJJV_%:C1 XV CX0:C%: 1QJRVCX : RVI:V RV:%Q% V``:1JVRV IV VJ:0:J %JV_%:C1 XH.1I1_%VIXR1QH`V8

-Q%``:]]VC5CVJ:]]V]`XVJ V%`CVG:1J0V`:J QJ ]`XVJ VR:JRV``:H %`VR%QHCV $XQCQ$1_%VV $XJX`:CVIVJ RV]V 1 V :1CCV8VIV%`V]QJH %VCCV%`CVG:1J0V`:J QJ  RQJHCV`V`CV RVC:_%:C1 XRVV:%6R%JVJ:]]VV JQJRVCVJVIGCVRVC:`VQ%`HVVJV:% Q% V``:1JV8

0VHV`:1 51CI:J_%VRV%6 7]VR1J`Q`I: 1QJ]Q%`HQJJ:4 `VCX : 0X`1 :GCVRVC:`VQ%`HVVJV:% Q% V``:1JV8?Q% R:GQ`R%JVCQH:C1: 1QJRVR1``X`VJ VJ:]]VRV:%Q% V``:1JV8J%1 V5%JV :J:C7VRVRQJJXVG`% VRVC:_%:C1 XRVV:%6IV%`XV%`CVR1``X`VJ VH:] :$VR%G:1J 0V`:J  R1]QJ1GCV%`CV1 VRVC0^CV]Q` :1CJ: 1QJ:CR:HHW:%6RQJJXV%`CVV:%6 Q% V``:1JV_V`:JXHV:1`V]Q%`RX V`I1JV`_%VCCV : 1QJRVIV%`V]`XVJ VRV_%:C1 X RV:%:C X`XV8!V VHQJJ:1:JHV_%:C1 : 10V]V`IV `:RVHQJJ:4 `VCVJ:]]VRQJ CVV:%6QJ  RVIQ1JR`V_%:C1 X8

HV=Q%`51CJV RQJH]:]Q1GCVRV : %V`RX`1J1 10VIVJ %`CX : RVV:%6Q% V``:1JV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 @C+S

V]`XVJ X : RVC1V%6RXH`1 C:`VQ%`HVVJV:%5CVI1C1V%6:_%: 1_%VV CV%`%:$V8!V V RVH`1] 1QJV %JVX :]V1JR1]VJ:GCV]Q%`X0:C%V`VJ%1 VVJ].:VRVR1:$JQ 1HCVJ10V:%RV CV%`QCC1H1 : 1QJ5R:C X`: 1QJQ%RV]`XV`0: 1QJ8

88  8!!C?8@ : 8% C 8!?8 RB!8@8.? 

VG:1J0V`:J R%1$JQJR%VC:7V `:1GCVIVJ %`G:J1X:0VH%JV]`XRQI1J:JHVRV%``:HV :$`1HQCVV `Q`V 1W`V8 :$`1H%C %`VV VVJ 1VCCVIVJ RVCXCV0:$VV6 VJ1`RVGQ01J%`]`:1`1V8 :RVJ1 XRV]Q]%C: 1QJV $CQG:CVIVJ `:1GCV8:RXIQ$`:].1VV `:1GCV:0VH%JVG:1VR% JQIG`VR.:G1 :J R:JCVHQII%JVR%%RV %JVCX$W`V.:%VR:JCVHQII%JVR%5Q`RV  2%V R% V``1 Q1`V8 :H 101 X1JR% `1VCCVV ]V%]`XVJ V:0VH%J`:VIGCVIVJ R:H 101 X%`C:0:CR%G:1J0V`:J  RVC:0%J1W`V8 :H 101 X Q%`1 1_%VV G1VJRX0VCQ]]XV%`C:]:` 1VHVJ `:CVR%G:1J0V`:J 8

88  <8

888

J%``:HV5CV`XV:%.7R`Q$`:].1_%VV R;VJ01`QJ @I:0VHV1$JQJR%VC:7HQIIVHQ%` R;V:%]`1JH1]:C8V`QJH 1QJJVIVJ .7R`QCQ$1_%VR%G:1J0V`:J V %101]:`  : 1QJ7%`C: `101W`V 0%J1W`V5 %`CV 1$JQJR% VC:7 V %JV %`C%

VG:1J0V`:J V I:`_%X]:`%JV`%] %`VR:JCV`QJH 1QJJVIVJ .7R`:%C1_%V]:`C:]`XVJHVR% HQI]CV6V:0:CV VL:!.:]VCV V8JV``V 5CVRXG1 VJ:0:CRVHV:0:CQJ `X$%CXVJ`QJH 1QJRV GVQ1JVJV:%]Q%`C:]`QR%H 1QJRV:%]Q :GCVI:1:%1]Q%`C:]`QR%H 1QJR;.7R`QXCVH `1H1 X80V RXG1 I1J1I%I`XV`0XQJ X XI1VJ:]]C1H: 1QJ;]:` 1`R%I%1CCV  JVJ]X`1QRV.10V`J:CV V RX 1:$V7RV;LVJ:0:CR%G:``:$VRV:0:CV VV  ; LVJ:0:CRV: !.:]VCCV V8

V1$JQJR%VC:7V %JHQ%`RV:%`Q` VIVJ VJ1GCV:%6X 1:$VV 10:%680V:VH]QJH %VC QJ :%1X XQGV`0X%`RV:``C%VJ HQIIVC:1$JVV CV;Q%V85X:JIQ1J5CVI:J_%VRV RQJJXV%`CV:``C%VJ C1I1 VHV VHQJJ:1:JHV8

]C:JRV:%QJ RXHC:`X;C:01`VH 1QJ0X]:` VIVJ :CVRV?V``1 Q1`V85X:JIQ1J5C:]`XVJHV RV]C:JRV:%RV :1CCV1J`X`1V%`V:%V%1CRVRXHC:`: 1QJ^I_V :0X`XV8:00?RVC:% VQ1`V RQ1 `X:C1V`%J1J0VJ :1`V]:`:J:C7VRV].Q Q:X`1VJJVI:1C:R: VRVHV`VJR%JV ]:VJHQ`V HQJJ%V8

-V%RVHQJJ:1:JHV%`CVV:%6Q% V``:1JVQJ R1]QJ1GCV80VJQIG`V%6:_%1`W`VRV]V 1 V :1CCVQJ ]`XVJ R:JRV`:1CCVRVC:`QH.VIW`V8!V%6RH1HQJ 1 %VJ RV`VQ%`HVVJV:% ]Q :GCVQ%0VJ RV `WGQJJV_%:C1 XI:1VJ1GCV:%6XH.V`VV8%H%JQG=VH 1`RVRXG1  I1J1I%IJV RX`1J1;CV6% Q1`VR%G:1J0V`:J 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 `XCW0VIVJ RV:%

J 5CV]`XCW0VIVJ RV:%QJ V 1IX;VJ01`QJ5 I1CC1QJRVI8!V0QC%IV:X XQCC1H1 X ;_%:1IVJ Q]Q%`C;:C1IVJ : 1QJVJ:%]Q :GCV8%H%JVRQJJXVRV]`XCW0VIVJ 1JR% `1VC JV HQII%J1_%XVV CV]`XCW0VIVJ :$`1HQCVQJ V 1IX;IVJ 8

QRV]`XCW0VIVJ QJ X X`X:C1XR:JCVV:%6%]V``1H1VCCVV  QR:JCV`VQ%`HV Q% V``:1JV8J01`QJ QRVV:%6QJ X X]`XCV0XV]Q%`%JVV6]Q` : 1QJ.Q`R%G:1J0V`:J 8 0VHV`:1 5C:]:` RV]`XCW0VIVJ Q% V``:1J]Q%`C:C1IVJ : 1QJVJV:%]Q :GCVRV]Q]%C: 1QJ R%G:1J0V`:J XCW0V; QRVC:`VQ%`HVQCC1H1 XV8

%`CVG:1J0V`:J R%1$JQJR%VC:75V%C `Q1H:] :$VJVQJ ]:RQ XRV]X`1IW `VRV ]`Q VH 1QJ8:I:=Q`1 XRVH:] :$V]`Q X$XR1]QVJ %J1_%VIVJ R%J]X`1IW `VRV]`Q VH 1QJ 1IIXR1: 8

V  ]`XCW0VIVJ   :$`1HQCV  QJ  R1``1H1CVIVJ  _%:J 1`1:GCV8  J  V``V 5  HV  ]`XCW0VIVJ   QJ  ]`QG:GCVIVJ  JQIG`V%6  I:1  RV  `:1GCV  _%:J 1 X  RQJH  1J`X`1V%`  :%  V%1C  RV  RXHC:`: 1QJ  ;  C: ]`X`VH %`V8

%:$VRVV:%6]`XCV0XVV C1``1$: 1QJV C:G`V%0VIVJ RVGQ01J80V]`XCW0VIVJ V`QJ  :%101:RVG:``:$V%`HQ%`RV:%8!V`V VJ%VQJ `Q` VIVJ 1I]:H :J V%`CVI1C1V%H:` `X$%C1W`VIVJ HQJ `%1 VR:JCVC1 IYIVR%HQ%`RV:%GCQ_%:J VJ 1W`VIVJ CVRXG1 RVQ` 1VVJ ]X`1QRVRX 1:$V8

%H%J]`XCW0VIVJ 1JR% `1VCJV RXHC:`X;C$VJHVRVC:%Q1`V>`V :$JV8

88   %?CB :  C <LC 

888

% Q :C5  : 1QJRX]%`: 1QJR%JVH:]:H1 X Q :CVRV `:1 VIVJ RV  X_%10:CVJ L.:G1 :J  V`V=V VJ R:JCVG:1J0V`:J 8VJVIGCVRVHQII%JVR%G:1J0V`:J QJ X_%1]XV RQ%0`:$VR;::1J1VIVJ 8

:H 101 XRX]%`: 1QJV I:=Q`1 :1`VIVJ `X:C1XV]:`RVQ%0`:$VRVH:]:H1 XHQI]`1VVJ `V V CV %]X`1V%`V;C8

VR1:$JQ 1HR%!QJV1CXJX`:CRVC:C:% VQ1`VIV VJX01RVJHV_%VCV]`QGCWIVCV]C% `XH%``VJ %`CV7 WIVR::1J1VIVJ HQCCVH 1`QJ %JV1J `%1QJRV:%6HC:1`V]:`:1 V R:J  CV  `XV:%68  !V  ].XJQIWJV  ]`Q0Q_%V  %JV  :``10XV  `Q]  1I]Q` :J V  RV:%  ;  C:   : 1QJ RX]%`: 1QJ:0VH%J`V=V R1`VH RVV:%6%XVR:JCVI1C1V%J: %`VC8

!QJHV`J:J  C::1J1VIVJ  :% QJQIV5  V%CV  JV%`  HQII%JV  QJ  `X:C1XV  %J 

!QJHV`J:J C:$`1H%C %`V5 V6]CQ1 : 1QJQJ ]`XVJ VVJ]Q%`%JV%``:HV:$`1HQCV% 1CV QHH%]:J  QRVC:%``:HVR%G:1J0V`:J 8J `V V 5CVJQIG`VRV6]CQ1 : 1QJ: R1I1J%XRV Q5:0VH%JV.:%VRVC: :1CCVRVV6]CQ1 : 1QJ8:H 101 X]`1JH1]:CVV CXCV0:$V GQ01JVJ]`:1`1V:0VH QRVC:VJ%``:HV Q%=Q%`VJ.V`GVI:C$`X%JVG:1VRV QVJ `V  V 8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 888 %:C1 XRVV:%6%]V``1H1VCCVV Q% V``:1JV

:_%:C1 XR%1$JQJR%VC:7VJ Y VRVG:1J0V`:J V  `WGQJJV.Q`I1]Q%`CV:C X`: 1QJ J1 `: VV ].Q].Q`VQ&C:_%:C1 XV GQJJV8

0VRX$`:R: 1QJRVC:_%:C1 XRVV:%6QJ QGV`0:GCV;]C%1V%`]Q1J R%C1JX:1`VR%1$JQJR% VC:77

 %J  RXHC:VIVJ  ]Q%`  CV  :C X`: 1QJ  ]:`  CV  I: 1W`V  :

 0XHC:VIVJ RV:C X`: 1QJI: 1W`VQ`$:J1_%VQ67R:GCV5I: 1W`V:

 0XHC:VIVJ RVC1JR1HVR1: QI1_%VVJ:0:CR%GQ%`$RV?VJHV5

 0XHC:VIVJ RV:C X`: 1QJI: 1W`VQ`$:J1_%VQ67R:GCV5I: 1W`V:

:_%:C1 XRVV:%6R%1$JQJV`X :GC1VVJ `VCV : 1QJRVIV%`V$`=HV;C:% QX]%`: 1QJR% HQ%`RV:%V ;C:H 1QJRVR1C% 1QJ]:`CV:``C%VJ 8

0V  RX]:VIVJ   RV  JQ`IV  HV:%  ]Q :GCVI  QJ  IV%`XV  ]Q%`  CV  ].7 Q:J1 :1`V  VJ ]:` 1H%C1V`RV.V`G1H1RV$XJX`:C1 V85X:JIQ1J5X :J RQJJX_%1CJV61 V_%%JV%C]Q1J RV IV%`V%`IVG:1J0V`:J 51CJV ]:]Q1GCVRVCQH:C1V`C:Q%`HVRVHV]QCC% 1QJ8

V  V:%6  RV  C:  0%J1W`V  QJ  RV  GQJJV  _%:C1 X  VCQJ  CV  ]:`:IW `V  R:C X`: 1QJ  IV%`XV8 5X:JIQ1J5CV1JR1HVG1QCQ$1_%VIV VJ VJ0:CV%`%JR7`QJH 1QJJVIVJ R%I1C1V%:0VHRV JQ VRVC1JR1HVI:HQ`1J0V` XG`XV RVC1JR1HVR1: QIXVIXR1QH`V;GQJVCQJCV:JJXV8: `V]`XVJ : 101 XRVC: : 1QJ05 VJ:0:CR%GQ%`$RV0%J1W`VV `X$%C1W`VIVJ I1VVJH:%V ]:`  CV  :H V%`  CQH:%6  R%  `:1  RV  :  CQH:C1: 1QJ8  J  :0:C  R1`VH V  R%  GQ%`$5  VCCV  JV  V`:1  ]: `V]`XVJ : 10VRVC:_%:C1 X$XJX`:CVRVHVHQ%`RV:%8JVIQR1`1H: 1QJRVC:CQH:C1: 1QJRV IV%`VG1QCQ$1_%VV ;CX %RV85X:JIQ1J5:%0%VRV`X%C : H.`QJ1_%VIVJ IQ7VJ0Q1` I:%0:1 ]Q%`CV1JR1HVG1QCQ$1_%V5C:07%0V`$JV_%1%1 HV V : 1QJRQ1 `X:C1V`%J HQI]CXIVJ R1J0V 1$: 1QJ]Q%`:]]`XH1X%JX0VJ %VC1I]:H R%JV:H 101 XCQH:CV8

:``C%VJ RV C:  0%J1W`VCV !.:JQ%: $CQG:CVIVJ %JV  _%:C1 X IXR1QH`V ; IQ7VJJV VCQJ CV :C X`: 1QJIV%`XV8

-C%1V%`:% `V:``C%VJ QJ RV_%:C1 XRX$`:RXVHQIIVC:1$JV5C:1:%CIV5C:%`VJJV5C: >`QV VV CV;:

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 88  .?%?  C?  C <8

V1$JQJR%VC:7V %JHQ%`RV:%;`Q` V0:CV%`]: `1IQJ1:CRV]:` C:]`XVJHVRV]WHV HQIIVC:;Q%CV-V`C1W`V5CV!: Q`5CXH`V01V;]1VRGC:JHV C:Q% `V8HV 1 `V5%J1 V5: %`: :X X`V VJ%RVQ%`HVR%1$JQJ;C:`V VJ%VRV:0:CV V:`1JRV]`XV`0V`HV]: `1IQ1JV HQII%J8

V

-C%1V%`Q%0`:$VRX$`:RVJ ]QJH %VCCVIVJ C:_%:C1 XRVHQ%`RV:%8V]`1JH1]:%6Q%0`:$V :7:J RVI%C 1]CV1I]:H QJ CVG:``:$VRV:0:CV V5CVG:``:$VRVC:!.:]VCV V5CVG:``:$VRV -QJ RV1$JQJV 8VHQJJ:1:JHV%`CVJVIGCVRVQ%0`:$VJVQJ ]:.QIQ$WJV%`CV V``1 Q1`VV VCCVJV]V`IV VJ ]:CVH:CH%CR% :%6RX :$VIVJ %`CV1$JQJR%VC:78

0:J  CV  H:R`V  RV  QG=VH 1`  VJ01`QJJVIVJ :%6  `16X  ]:`  C:  R1`VH 10V  H:R`V  %`  CV:%5 C.7R`QIQ`].QCQ$1VRV01VJ %J]:`:IW `VVVJ 1VCRVC:]QC1 1_%VRVCV:%8

VHQJ V6 V]1H1HQCVQJ %JX : `QJH 1QJJVCHQJ`Q`IV%`CV1$JQJ:IQJ V :0:C8!V X : V  ]V` %`GX%`C:`V VJ%VRV:0:CV VVJ`:1QJRVC:0:`1: 1QJRVHT VR%]C:JRV:%RV]:` CV %:$V^.7R`QCXCVH `1H1 XV -_V C:J: %`V`QH.V%VRVGV`$V8%`C:0%J1W`VHV  X : V  ]V` %`GXVJ`:1QJRV`V=V RQIV 1_%VV 1JR% `1VC:1J1_%VRVJQIG`V%6G:``:$VV RVRXG1  `XV`0X1J%``1:J ^I1H`QHVJ `:CVRVQC1V`V -V`0VJH.W`V_8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 :BC<.?@C?8@:.@ 

-C%1V%`  HQI]CXIVJ   R;1J`Q`I: 1QJ  V`QJ  JXHV:1`V  ;  C:  GQJJV  HQJR%1 V  RV  C:  ].:V  RV R1:$JQ 1H8V%CHV%6JXHV1 :J C:`X:C1: 1QJR;%JVX %RVQJ ]`XVJ XH1R:]`W8:`VH.V`H.V R;XCXIVJ RVHQJJ:1:JHV]QJH %VCQ%I1JV%`V`:HQJR%1 VCQ`RVC;XC:GQ`: 1QJR%R1:$JQ 1H8

88  .B%?8<C?8@ : !8@@?@! +:8B8%8?  

VRQJJXVHQJJ%VVJ V`IVR.7R`Q$XQCQ$1VV RV$XQCQ$1VQJ $XJX`:C1 V8

`1JRVH:`:H X`1V`C:_%:C1 XRV:_%1`W`VR%G:1J0V`:J V RX V`I1JV`HV%6:7:J RV_%:C1 X RVV:%6IXR1QH`V5%JV7J .WVV V6]CQ1 : 1QJRVRQJJXVG`% VV61 :J VRVC:_%:C1 XRV V:%6Q% V``:1JVR:JC:G:VRVRQJJXV0]Q%``:Y `V`X:C1XV8

%15:`1JRVHQI]`VJR`V:%I1V%6CVIXH:J1IVRV `:J`V` RXCXIVJ 1%RV`QH.V0V` CVHQ%`RV:%5%J `:0:1CHQI]CXIVJ :1`VRV0`:Y `V`X:C1X8!V `:0:1CRV0`:Y `VG:X7

 %`%JV7J .WVRVXCXIVJ RVHQJJ:1:JHVRVC:$XQH.1I1V]`XVJ XR:JCX %RVR% ]X`1IW `VRV]`Q VH 1QJRVH:] :$VRV:0:CV V6

 ]`1VVJHQI] VRVHQJJ:1:JHVR%$`Q%]V$XQCQ$1_%VCQH:C8

;XH.X:JHVRV`X:C1: 1QJV CVI:4 `VR;\%0`VRVHVHQI]CXIVJ JV ]:VJHQ`VRX`1J1V;HV=Q%`8

88  .? @ %! :@ <8C8!8% : ?? :  <2?!?%% 

VG:1J0V`:J R%1$JQJR%VC:7Q%```VRV]C%VJ]C%R;X 1:$VX0W`V80%`:J HV VRV`J1W`V RXHVJJ1V5C:]X`1QRVR;X 1:$VVIGCV:]]:`:4 `V]C% T R:JC::1QJ8:0:`1:G1C1 X1J V`:JJ%VCCV RVRXG1 R;X 1:$VV `VC: 10VIVJ `:1GCV8!V` :1JHQ%`R;V:%]`XVJ VJ X$:CVIVJ RV:VH :JJ%VC `W]`QCQJ$X8

H %VCCVIVJ  CV  J10V:%  RV  HQJJ:1:JHV  JV  ]V`IV  ]:  RV  HQI]`VJR`V  ]`XH1XIVJ  CV `QJH 1QJJVIVJ .7R`QCQ$1_%VV .7R`Q$XQCQ$1_%VR%G:1J5G:V1JR1]VJ:GCV; V`IV]Q%`IV `V VJ]C:HV%JV$V 1QJHQJHV` XVRV`VQ%`HVVJV:%8JV``V 5:%H%J%101.7R`QCQ$1_%VJV VJ ]C:HV%`CV:``C%VJ R%1$JQJR%VC:7.Q`0%J1W`V8

-Q%`C:%1 VRVCXC:GQ`: 1QJR%5C:!QII11QJQH:CVRVC:%:%`:GVQ1JR1J`Q`I: 1QJ _%:J 1 : 10V%`CVRXG1 RV:``C%VJ R%1$JQJR%VC:78JV`X`CV61QJRV0`:Y `VIVJXV%`CV IQR:C1 XRV`VH%V1CCVRVHV1J`Q`I: 1QJ8

J%101_%:C1 : 1`RVHV` :1J:``C%VJ V `X:C1X]:`CVV`01HVRVC; : VJ]X`1QRVRX 1:$V8'C V`:1 1J X`V:J ]Q%`C:!QII11QJQH:CVRVC:%R:0Q1`:HHW:%61J`Q`I: 1QJHQCCVH XVR:J CVH:R`VRVHV%1018

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 88  %; BC: : :BC<.?@C?8@ : 8%. .?.. 

0:JCVH:R`VR%0Q1`V>`V :$JVR 5CVG:1J0V`:J R%1$JQJR%VC:7J;V ]: 1RVJ 1`1XHQIIV%JG:1JJXHV1 :J %JV]`Q VH 1QJ`VJ`Q`HXV;C;X 1:$VQ%JXHV1 :J RV]`X0VJ1` C;:]]:`1 1QJR;%JRX`1H1 _%:J 1 : 1`85X:JIQ1J5:% 1 `VR%]`Q$`:IIVRVIV%`V5VJ`QJH 1QJRV VJ=V%6CQH:%6_%1RQ10VJ Y `VRX`1J15%JV$V 1QJ0QC%IX `1_%VHQCCVH 10V:1J1_%%JR1]Q1 1`RV %101V RVHQJ `TCVRQ10VJ Y `VI1VJ]C:HV8

0:JCVH:R`VRVC;XC:GQ`: 1QJR%5C:!QII11QJQH:CVRVC;:%RV0`:VJ$:$V`%JV`X`CV61QJ %`C:$V 1QJ_%:J 1 : 10VRV`VQ%`HVVJV:%:`1JRV: 1`:1`VC;VJVIGCVRVGVQ1JR:JCV `V]VH  RV  I1C1V%6  :_%: 1_%V  V  :1J1  HQJHQ%`1`  ;  C;: V1J V  R%  GQJ  X :  RV  I:V  R;V:% %]V``1H1VCCVV Q% V``:1JVVJ HQJ`Q`IXIVJ :%6QG=VH 1``16X]:`C:01`VH 10V!:R`V%` C;:%^0!_8

-Q%`HVC:5%JVX %RV_%:J 1 : 10V;C;XH.VCCVR%G:1J0V`:J R%1$JQJR%VC:7RV0`:Y `VIVJXV8

'CV JX:JIQ1J1I]Q` :J RVR1]QV`:%]`X:C:GCVRV]C%R1J`Q`I: 1QJ%`CVRXG1 RV:``C%VJ  R%1$JQJ:0:J RVJ$:$V`HV VX %RV:`1J_%VHVCCVRH1:]]Q` V%JV`XVCCV]C%R0:C%VVJ V`IVRV HQJJ:1:JHVR%`QJH 1QJJVIVJ .7R`QCQ$1_%VR%G:1J0V`:J 8

!V VX %RVRV0`::0Q1`]Q%`QG=VH 1`7

R-.:V7R`VV`%JX : RVC1V%6RV`VQ%`HVVJV:%5RVGVQ1JRV%:$VV I1C1V%6 :_%: 1_%VV RV]`V1QJ6

R  -.:V    7  X :GC1`  CV  R1:$JQ 1H  _%:J 1 : 1`  R%  G:1J  V  RX V`I1JV`  CV  0QC%IV  I:61I%I ]`XCV0:GCV6

 V`IV5CVQG=VH 1``1J:%601XQJ CV%10:J 7

R7X]:` 1`CV0QC%IVR1]QJ1GCVRVC:`VQ%`HVVJV:%VJ `VCVH: X$Q`1VR;%:$V`6

R0X`1J1`%J]C:JRV$V 1QJRVX 1:$VHQ.X`VJ ;C;XH.VCCVR%G:1J0V`:J 8

88  %:BC<.?@C?8@ : 8@ : CZC : ;?@ 

V0Q1`V>`V :$JV1RVJ 1`1VC:]`XV`0: 1QJRV Y VRVG:1J0V`:J HQIIV%JVJ=V%`Q` 8 !V V``1 Q1`VQJ RX`1J1HQIIVHCVG:1J0V`:J RVHQ%`R;V:%RQJ CV`:J$RV `:C.V`V  1J`X`1V%`Q%X$:C;V RQJ C:]VJ VV %]X`1V%`V;QI8

V0Q1`V>`V :$JVHQJ`1V:%6C:`X:C1: 1QJ7 XI: 1_%VR;%J1J0VJ :1`VRV

H %VCCVIVJ 5C:07%0V`$JVIWJV%JVX %RVRQJ C;QG=VH 1`V R;XC:GQ`V`%JVIX .QRQCQ$1V RVRX V`I1J: 1QJ:R:] XV:% V``1 Q1`V:%0V`$J: 8!V VX %RV]Q%``:1 :CQ`V`01`RVG:VRV `:0:1C :%6]Q%`_%;1C]%1VJ HQJR%1`V5%`CV%` V``1 Q1`V`V]VH 1`5HV 1J0VJ :1`V8

: `%H %`V]Q` V%VR%5CV'!.:% VQ1`V5R1]QVRVHQI]X VJHVVJ1J V`JV]Q%` HQJR%1`VC;1J0VJ :1`VRV

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L 8 8  %:?@8C?! : 8< : ;?@ <@C 

-C%1V%`1J0VJ :1`VRVQ%0`:$VQJ X X`X:C1XR:JCVH:R`VRVX %RV]`X:C:GCV:%!QJ `:  7V :%`: 1QJJ `V 1VJV !QJ `: ?V``1 Q`1:C%`CVC:% 1$JQJV C:0%J1W`V8

V1J`Q`I: 1QJHQCCVH XVCQ`RVHV1J0VJ :1`VQJ .X X`Q$WJVV R1]V`XV%`R1``X`VJ  %]]Q`   ^H:` V  ]:]1V`5  `:]]Q`   ]:]1V`_8  -:`  :1CCV%`5  C:  011QJ  :RI1J1 `: 10V  ]Q` XV  %`  HV Q%0`:$VV JXHV:1`V;C:]]`XH1: 1QJ:%H:]:`H:R% : % RVQ%0`:$V8

JVX %RVHQI]CXIVJ :1`VV`:1 ;`X:C1V`:`1JRV7

 `:1`V%JV7J .WVRVRQJJXVV61 :J V%`CVQ%0`:$VR%G:1J0V`:J 5

 HQCCVH V`CV1J`Q`I: 1QJHQJJ%VRV:H V%`CQH:%65

 HQI]CX V`]:`RV`VCV0XRV V``:1J5

 ]`XH1V`CV : % `X$CVIVJ :1`VRVQ%0`:$V8

!V VX %RVRV0`:]V`IV `:RVCQH:C1V`CVR1``X`VJ Q%0`:$V5CV%`H:`:H X`1 1_%V].71_%VV  .7R`:%C1_%V]Q%`RX V`I1JV`CV%```:JH.1:G1C1 X:1J1_%VCV :%6R;X :$VIVJ RVHQ%`RV:%8

: `%H %`V]Q` V%VR%5CV'!.:% VQ1`V5R1]QVRVHQI]X VJHVVJ1J V`JV]Q%` HQJR%1`VC;1J0VJ :1`V%`CV V``1 Q1`VR%1$JQJR%VC:78!VR1:$JQ 1HRV0`:Y `V`X:C1X HQJ=Q1J VIVJ  :0VH  CV  V`01HV  RV  C; :  ]Q%`  C:  RX V`I1J: 1QJ  R%   : %  `X$CVIVJ :1`V  RV Q%0`:$V8

8 8  ?@@C?< : %@ : 

V]C:JRV:%RV%``:HV1J`X`1V%`:%6V%1CRVRXHC:`: 1QJ^I_JVQJ ;HV=Q%`]:HQJJ%8  :J RQJJXC1I]:H RV]C:JRV:%%`C:`VQ%`HV^X0:]Q`: 1QJ5V% `Q].1: 1QJ_5C:!QII11QJ QH:CVRVC:%RQ1 ]Q%`0Q1`HQJJ:4 `VCV%`JQIG`V5CQH:C1: 1QJV IQRVR:C1IVJ : 1QJ8

:01`VH 1QJ0X]:` VIVJ :CVRV?V``1 Q1`VRQ1 `X:C1V`%J1J0VJ :1`V5%`C:G:VRVC;:J:C7VRV ].Q Q$`:].1V:X`1VJJV5RV]C:JRV:%R%G:1J0V`:J 8:R: VRV`VJR%RVHV VX %RVJ:]: X X]`XH1XV8

R%1$JQJR%VC:7T : RVC1V%6RVC:`VQ%`HVVJV:%5RVI1C1V%6:_%: 1_%VV RV%:$V  L ANNEXE 1 :Program m e de m esures du SDAGE 2010-2015

État des lieux des ressources en eaux, des milieux aquatiques et des usages - SAGE Lignon du Velay - Mars 2012  $//,(5(7/2,5($0217 6HFWHXU/RLUHHW$OOLHU$PRQW/LJQRQGX9HOD\$ODJQRQ 

6$*( (1-(8;0$-(8563285/(352*5$00('(0(685(6 x $ODJQRQ 0RUSKRORJLH +\GURORJLH =RQHVKXPLGHV x +DXW$OOLHU &RQWLQXLWpHWOLEUH $FFqVjODUHVVRXUFH 3UpVHUYDWLRQHQWrWHVGHEDVVLQ x /LJQRQGX9HOD\ FLUFXODWLRQSLVFLFROH 0DLQWLHQGHODOLJQHG¶HDXHW YHUVDQW x /RLUH$PRQW '\QDPLTXHGHUHSULVH GXOLEUHpFRXOHPHQW  3DWULPRLQHHWELRGLYHUVLWp GpS{WGHVVpGLPHQWV &\FOHGHO¶HDX IRQFWLRQ  pSXUDWRLUHHWUpJXODWULFH    0$66(6'¶($8$9(&2%-(&7,) %21(7$7         

  (DX[GHVXUIDFH (DX[VRXWHUUDLQHV pWDWpFRORJLTXH  pWDWFKLPLTXH  



24 PROGRAMME DE MESURES DU BASSIN LOIRE-BRETAGNE 2010-2015  0(685(6&/()6  6HFWHXU/RLUHHW$OOLHU$PRQW/LJQRQGX9HOD\$ODJQRQ 

=RQH 0DvWULVH 0LVHHQ DSSOLFDWLRQ&RGHV ,QWLWXOpGHODPHVXUH G RXYUDJH&R€W 0¼  °XYUH

32//87,216&2//(&7,9,7(6HW,1'8675,(/6

$PpOLRUHUODFROOHFWHOHVWRFNDJHHWWUDQVIHUWGHVHDX[XVpHV  % &ROOHFWLYLWpV 5  YHUVOHVVWDWLRQVG pSXUDWLRQ WHPSVGHSOXLH 

0HWWUHHQFRQIRUPLWpGHVVWDWLRQVLQGXVWULHOOHVSRXUPDvWULVHUOHV  ( ,QGXVWULHOV 5  UHMHWVGHPLFURSROOXDQWV 3/$16' ($8

(WXGHVHWRXPLVHHQ°XYUHGHPHVXUHVVSpFLILTXHVVXUOHV $ SODQVG¶HDXDILQGHUpGXLUHO HXWURSKLVDWLRQ 3URSULpWDLUHV   (WXGHGXIRQFWLRQQHPHQWGXSODQG¶HDX GpILQLWLRQ GHVPHVXUHV  & &ROOHFWLYLWpV $ SUpYHQWLYHVHWFXUDWLYHV  *HVWLRQRSWLPLVpHGXSODQG¶HDX 7UDYDX[FXUDJHGpFDQWDWLRQHWRXYDORULVDWLRQHQ TXHXHGHUHWHQXH 

32//87,216' 25,*,1($*5,&2/(

$PpOLRUHUO DQLPDWLRQFRRUGLQDWLRQjXQHpFKHOOHGHEDVVLQ %  YHUVDQWGDQVOHGRPDLQHDJULFROH $JULFXOWHXUV & %  5pDOLVHUGHVGLDJQRVWLFVG H[SORLWDWLRQ

(TXLSHUGHVH[SORLWDWLRQVDJULFROHVSRXUPDvWULVHUOHVSROOXWLRQV  ' $JULFXOWHXUV &  SRQFWXHOOHVSDUOHVSHVWLFLGHV ($PpOLRUHUOHVSUDWLTXHVDJULFROHV  /LPLWHUOHVWUDQVIHUWVSDUGHVGLVSRVLWLIVWDPSRQ   $JULFXOWHXUV)& $PpOLRUHUOHVSUDWLTXHVDJULFROHVSHVWLFLGHVHWRXXWLOLVHUOHVWHFKQLTXHV DOWHUQDWLYHV  )DLUHpYROXHUOHVV\VWqPHVGHSURGXFWLRQ DJULFXO WXUHELRORJLTXH V\VWqPHVIRXUUDJHUVpFRQRPHVHQLQWUDQWV 

+<'52/2*,(

0HWWUHHQSODFHXQHJHVWLRQYROXPpWULTXHFROOHFWLYH  ( (WDW&ROOHFWLYLWpV &  0HWWUHHQSODFHXQGLVSRVLWLIGHVXLYLHWGHFRQWU{OH

0253+2/2*,(

$QLPHUHWSODQLILHUOHVWUDYDX[ &ROOHFWLYLWpV $  & 0HWWUHHQSODFHRXSpUHQQLVHUXQHVWUXFWXUHG DQLPDWLRQ 3URSULpWDLUHV 'pYHORSSHUGHVGpPDUFKHVGHPDvWULVHIRQFLqUHOHORQJGHVFRXUVG HDX 

5HVWDXUHUODPRUSKRORJLHGXOLWPLQHXUSRXUUHVWDXUHUOHVKDELWDWV &ROOHFWLYLWpV $  & DTXDWLTXHV 3URSULpWDLUHV

 % ,QWHUYHQLUVXUOHVEHUJHVHWODULSLV\OYH &ROOHFWLYLWpV  % *pUHUOHVHVSqFHVHQYDKLVVDQWHVUHVWDXUHU  & 5HVWDXUHUSDUJpQLHYpJpWDOUHWDOXWDJHHWVWDELOLVDWLRQGHEHUJHV 3URSULpWDLUHV  %  SODQWDWLRQV 

& *pUHUDPpQDJHURXVXSSULPHUOHVRXYUDJHVH[LVWDQWV &ROOHFWLYLWpV  & & $PpOLRUHUODJHVWLRQK\GUDXOLTXHPRGLILHUOHVRXYU DJHVFUpHUGHVYDQQHV 3URSULpWDLUHV GHIRQGDPpQDJHUGHVSDVVHVjSRLVVRQV 

$PpOLRUHUODFRQQHFWLYLWpODWpUDOH &ROOHFWLYLWpV '  & 5HFRQQHFWHUHWUHVWDXUHUGHVEUDVPRUWVSUDLULHVK XPLGHVFUpHUGHV 3URSULpWDLUHV IUD\qUHVjEURFKHW« 

=21(6+80,'(6

*pUHUHQWUHWHQLUHWUHVWDXUHUOHV]RQHVKXPLGHV & 0HWWUHHQSODFHGHVFRQYHQWLRQVGHJHVWLRQFRQWUDFWXDOLVDWLRQ GRQW &ROOHFWLYLWpV   & PHVXUHVDJURHQYLURQQHPHQWDOHV]RQHVKXPLGHV  3URSULpWDLUHV &) ' $FTXpULUGHV]RQHVKXPLGHV $JULFXOWHXUV 5HVWDXUHUOHVIRQFWLRQQDOLWpVGHV]RQHVKXPLGHV    0HVXUHQRQ]RQpHjDSSOLTXHUHQIRQFWLRQG¶HQMHX[ORFDX[VSpFLILTXHV 5GLVSRVLWLRQVUpJOHPHQWDLUHV  )LQFLWDWLRQVILQDQFLqUHV  &DSWDJHVSULRULWDLUHVOHVPHVXUHVSHUWLQHQWHVVXUOHVSROOXWLRQVG¶RULJLQHDJULFROHV¶DSSOLTXHQWjO¶DLUH G¶DOLPHQWDWLRQGHFHVFDSWDJHV &DFFRUGVQpJRFLpV 

PROGRAMME DE MESURES DU BASSIN LOIRE-BRETAGNE 2010-2015 25 AN N EXE 2 :Arrêté du 27 Juillet 2011 de com position de la Com m ission

Locale de l'Eau

État des lieux des ressources en eaux, des milieux aquatiques et des usages - SAGE Lignon du Velay - Mars 2012

A N N EX E 3 : Liste des collectivités adhérentes au SI C A L A 4 3

État des lieux des ressources en eaux, des milieux aquatiques et des usages - SAGE Lignon du Velay - Mars 2012                 !"  #  " $%  !"  &'

" %  (' )

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

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

    %     % # %   $  !      %     $  #"      %      1         %     $        %     "      %            %     #2 "     %     $   $       %     $         %     3        %     &      %     &4

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