"#$%&$'(#!

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

0&12&3'#$&-!-#*4&!25!6#78$'656'9$!:#,&$;!<'$=7'65;!"4&5%',5!>!
0&,#286'#$54'5!.................................................................................................!?!

/.! @5!"#78$'656'9$!A&475$&$%&!&$!"#$&3'9$!6#$!25!:8,&$%8(!...........!?!
!

!
)*+&%',#-!

"!#$%&$'()*+,!-).,$!&+!/)01*(/+/(2*!3$,0+*$*4$!$*!/)*$'(2*!/)*!$&!4,+.+5)!6$!
&+!718$*416!6$-6$!&+-!/)01*(6+6$-9!!

"!:*+&(;+,!$&!3+3$&!3,)4+<2*(/)!6$!&+!518$*416!6$-6$!&+!/)01*(/+/(2*!
6(*=0(/+>!/,$+4(8+!?!,$8)&1/()*+,(+9!!

"!@$-4+/+,!$&!4,+.+5)!?!&+-!%1*/()*$-!6$!&)-!6(-4(*4)-!0)8(0($*4)-!518$*(&$->!
/)0)!$&$0$*4)-!6$!6(81&<+/(2*9!

! !

/!
0&12&3'#$&-!-#*4&!25!6#78$'656'9$!:#,&$;!<'$=7'65;!"4&5%',5!>!
0&,#286'#$54'5!!

A4&-&$%56'9$!(&!2#-!6#7B5C&4#-!D-654!AE4&F!>!G85(528B&!A5('225!!

/.! @5!"#78$'656'9$!A&475$&$%&!&$!"#$&3'9$!6#$!25!:8,&$%8(!

A+!/)01*(/+/(2*!B+!-(6)!3),!<$*$,+/()*$-!$&!3,(*/(3+&!0$6(+6),!$*!$&!01*6)!
$*! 4)6)-! &)-! =0.(4)->! -(*! $0.+,<)>! -$! B+! 8$*(6)! +6+34+*6)! +! 1*+! *1$8+! $,+!
6)*6$!&+-!4$/*)&)<C+-!?!&+-!4$&$/)01*(/+/()*$-!51$<+*!1*!3+3$&!(03),4+*4$!$*!
&)-!0$6()-!4,+6(/()*+&$-!?!+B),+!6(<(4+&$-9!

D&! 3,)4+<)*(-0)! 6$! &+! 518$*416! $*! 4)6)-! &)-! =0.(4)-E! 6$3),4(8)>! /1&41,+&>!
+0.($*4+&>!-)&(6+,()!?!6$!/)01*(/+/(2*!"!$*!$-4+!*1$8+!$4+3+!6$!&+!,$8)&1/(2*!"!
-$!B+!8$*(6)!4,+.+5+*6)!6$-6$!$-4+-!$'3,$-()*$->!1*!-(**F0$,)!6$!+//()*$-!G1$!
B+*!8$*(6)!<+,+*4(;+*6)!&+!3+;!?!4,+*G1(&(6+6!6$!$-4$!31$.&)!8+&($*4$9!

?!
@$-6$! &+! #$6! 6$! 728$*$-! H)01*(/+6),$-! 6$-+,,)&&+0)-! /+03+I+-!
3$,0+*$*4$0$*4$!6$!/)01*(/+/(2*!5)8$*!?!/,$+4(8+>!B+/($*6)!1-)!6$!&+-!*1$8+-!
4$/*)&)<C+-!/)0)!B$,,+0($*4+-!3+,+!3,)0)8$,!&+!(**)8+/(2*>!$03,$*6(0($*4)!
?!0+,J$4(*<!6(<(4+&!6$-6$!&+-!*1$8+-!%),0+-!6$!/)01*(/+,!51*4)!+!&+-!%+0(&(+-!
*(/+,+<K$*-$->!G1($*$-!-)*!&+-!3,(*/(3+&$-!3,)4+<)*(-4+-9!

H)*4(*1+0)-! %),0+*6)! +! &+! 518$*416! +! 4,+8L-! 6$! /+3+/(4+/()*$->! 4+&&$,$->!

-$0(*+,()->! $*/1$*4,)-! ?! /)*<,$-)->! (*4$,/+0.(+*6)! /)*)/(0($*4)-! ?!
$'3$,($*/(+-!6$!8(6+!G1$!(031&-$*!$&!6$-+,,)&&)!6$!-1-!B+.(&(6+6$-9!!

H)*4+0)-!/)*!528$*$-!3,)%$-()*+&$-!$*!4)6)-!&)-!0$6()-!6$!/)01*(/+/(2*>!$*!
%),0+/(2*>!6(-/(3&(*+>!+0),!?!3+4,()4(-0)>!0+*4$*($*6)!$&!&$<+6)!6$!*1$-4,)-!
BL,)$-!?!0=,4(,$-E!+6$0=-!4$*$0)-!528$*$-!?!/)01*(/+6),$-!&)/+&$->!4)6)-!/)*!
$&!0(-0)!).5$4(8)M!I5$%&$&4!25!"#78$'656'9$!"4&5%',5!>!0&,#286'#$54'5!
$*!N1$,;+!6$!O(/4),(+-9!

H)*4+0)-!/)*!PQ!$-3+/()-!/)01*(/+/()*+&$-!$*4,$!3,)<,+0+-!6$!,+6()!?!48>!G1$!
8$&+*! 3),! &+! /)*-4+*/(+! ?! 3,)0)/(2*! 6$&! .1$*! +//()*+,! 6$! *1$-4,)! <&),()-)!

H!
N,$*4$! R+*6(*(-4+! 6$! A(.$,+/(2*! S+/()*+&9! @$-6$! &+! #$6! 6$! H)01*(/+6),$->!
B$0)-!4$*(6)!&+!(03),4+*4$!0(-(2*!6$!(*%),0+,>!/)*$/4+,>!(**)8+,!?!6$%$*6$,!
*1$-4,)!0)6$&)!-($03,$!/)*!&+!8$,6+69!!

D*! &+! +/41+&(6+6>! /)*4(*1+0)-! $&! &$<+6)! 6$! :0),! ?! D*4,$<+>! .+5)! *1$-4,)!
T)6$&)!H,(-4(+*)>!R)/(+&(-4+!?!R)&(6+,()>!6$-6$!&+!718$*416>!-($03,$!/)*$/4+6+!
/)*! &)-! *1$8)-! 4($03)-9! S)-! 0)8$0)-! $*! *1$8+-! %),0+-! 6$! /)01*(/+,>!
6(81&<+*6)!&)-!+8+*/$->!&)<,)-!?!6$-+%C)-!6$&!U1$.&)!U,$-(6$*4$9!@$-6$!/+6+!
1*)!6$!&)-!0)8(0($*4)-!518$*(&$->!4$*($*6)!1*+!3,$-$*/(+!$*!&)-!VWQ!01*(/(3()-!
6$&! 3+C->! /)*-)&(6+*6)! 1*! 0)6$&)! 6$! /)01*(/+/(2*! 6$! 3,$-$*/(+! 6(,$/4+! +!
528$*$-!6$-6$!&+-!/)01*(6+6$-9!

R$<1(0)-! ,$%&$5+*6)! ?! /)01*(/+*6)! &+-! 6(-4(*4+-! +/4(8(6+6$-! 6$! &)-!

0)8(0($*4)-!518$*(&$-E!+//()*$-!6$3),4(8+->!4+&$-!/)0)!4),*$)->!/)03$4$*/(+-!
?!&(<+->!(*/&1?$*6)!&+-!/)01*(4+,(+->!$*!&+-!6(-4(*4+-!6(-/(3&(*+->!%)0$*4+*6)!6$!
$-4+!0+*$,+!&+!3+,4(/(3+/(2*!+/4(8+!6$!&)-!528$*$-9!

@$-6$! U,)0)4),C+! R)&(6+,(+>! B$0)-! 8$*(6)! 0)-4,+*6)! &+-! 6(-4(*4+-! +//()*$->!

4+&$-!/)0)>!&+-!8(-(4+-!?!$&!+/)03+I+0($*4)!+!&+-!0+6,$-!6$!BL,)$-!?!0=,4(,$->!
G1($.,$!6$!3(I+4+->!3(*4+!/+,(4+-!?!51$<)-!&F6(/)-!3+,+!&+!+&$<,C+!6$!&+!*(I$;!?!-1!
6$-+,,)&&)!/)<*(4(8)9!!

H)*!&)-!3,)0)4),$-!+0.($*4+&$->!B+/$0)-!1*!4,+.+5)!6$!/)*/($*4(;+/(2*!+!4)6+!
&+!518$*416!*(/+,+<K$*-$>!$*!D61/+/(2*!:0.($*4+&>!3,)0)8($*6)!$&!/1(6)!6$!
*1$-4,)!0$6()+0.($*4$9!

:-(0(-0)>! 6$-6$! &+! /1&41,+! ?! 4,+6(/(2*! 3,)0)8$0)-! *1$-4,+! (6$*4(6+6! $!

(6()-(*/,+-(+>! (*4$<,+*6)! +! 3,)0)4),$-! /1&41,+&$-! +! &+! ,$+&(;+/(2*! 6$! +//()*$-!
6(,(<(6+-!+!4)6)-!&)-!+,4(-4+-9!

J!
H,$/$0)-! $*! ,(40)! ?! $*$,<C+! 6$! N1$,;+! #$8)&1/()*+,(+>! D8)&1/()*+,(+! ?!
O(/4),()-+>! +-$<1,+*6)! 0=-! ?! 0+?),! +/4(8(6+6>! G1$! /)*! :&$<,C+! ?!
+<,+6$/(0($*4)! +! &+! O(6+>! 0+,/+! $-4+! D4+3+! ?! $-4$! X($03)! G1$! 8(8(0)->! /)*!
D-3$,+*;+>!%),5+*6)!$&!U),8$*(,9!

A+!(*4$,+//(2*>!/,$+4(8(6+6!?!3+-(2*!3),!&+!/)01*(/+/(2*!-)*!*1$-4,+!3,(*/(3+&!
8C+! 3+,+! /)*-)&(6+,>! 3,)?$/4+,! ?! 0)-4,+,&$! +&! 01*6)! ?! +! &+-! 3)4$*/(+-! G1$!
S(/+,+<1+!$-!1*+!*+/(2*!6)*6$!3,$8+&$/$!&+!/)01*(/+/(2*!3+,+!$&!6$-+,,)&&)!6$!
&+-!,$&+/()*$-!B10+*+-!$*4,$!4)6+-!&+-!%+0(&(+-9!!

K!