Versicherung der gesetzlichen Vertreter - TUFF Group AG Einzelabschluss für das Geschäftsjahr z

Wir versichern nach bestem Wissen, dass gemäß den anzuwendenden Rechnungslegungs-grundsätzen der Jahresabschluss 2020 der Tuff Group AG ein den tatsächlichen Verhält-nissen entsprechendes Bild der Vermögens-, Finanz- und Ertragslage der Gesellschaft ver-mittelt und im geänderten Zusammengefassten Lagebericht der Geschäftsverlauf einschließlich des Geschäftsergebnisses und die Lage der Gesellschaft so dargestellt sind, dass ein den tatsächlichen Verhältnissen entsprechendes Bild vermittelt wird sowie die wesentlichen Chancen und Risiken der voraussichtlichen Entwicklung der Gesellschaft beschrieben sind.

Frankfurt am Main, den 15. Dezember 2021

Der Vorstand

Natarajan Paulraj Ganesh Paulraj Vinodkumar Bhaskaran Pillai

Der nachfolgend wiedergegebene Bestätigungsvermerk umfasst auch einen „Vermerk über die Prüfung der für Zwecke der Offenlegung erstellten elektronischen Wiedergaben des Abschlusses und des Lageberichts nach § 317 Abs. 3b HGB“ („ESEF-Vermerk“). Der dem ESEF-Vermerk zugrunde liegende Prüfungsgegenstand (zu prüfende ESEF-Unterlagen) ist nicht beigefügt.Die geprüften ESEF-Unterlagen können im Bundesanzeiger eingesehen bzw.

aus diesem abgerufen werden

!"#$%$&'()'#*"+,"+-./"#.()012%)'&'").31#425(##6+78"+#.

!"#$%&#'())#*+,(-#!*.#/+0"1)(+2#03#40%"#

9"+,"+-.71"+./&".:+78()'./"#.;02+"#01#425(##"#.()/./"#.<(#0,,")'"80##$").=0>

'"1"+&42$#.

5+6)("78(+2&%9&#

:%+#;0<&"#$&"#=0;+&80<8>;9(88#$&+#'())#*+,(-#!*.#/+0"1)(+2#03#40%".#?#<&82&;&"$#0(8#$&+#@%90"A#

A(3#BCD#E&A&3<&+#FGFG#("$#$&+#*&H%""I#("$#J&+9(82+&>;"("7#)6+#$08#*&8>;K)28L0;+#M,3#CD#=0"(0+#

FGFG#<%8#A(3#BCD#E&A&3<&+#FGFG#8,H%&#$&3#!";0"7.#&%"8>;9%&N9%>;#$&+#E0+82&99("7#$&+#@%90"A%&+("78I#

("$#@&H&+2("783&2;,$&"#?#7&-+6)2D#E0+6<&+#;%"0(8#;0<&"#H%+#$&"#A(8033&"7&)0882&"#O07&<&+%>;2#

$&+#'())#*+,(-#!*.#/+0"1)(+2#03#40%".#)6+#$08#*&8>;K)28L0;+#M,3#CD#=0"(0+#FGFG#<%8#A(3#BCD#E&A&3<&+#

FGFG#7&-+6)2D#

P0>;#("8&+&+#@&(+2&%9("7#0()7+("$#$&+#<&%#$&+#5+6)("7#7&H,""&"&"#Q+1&""2"%88&#

• &"28-+%>;2#$&+#<&%7&)672&#=0;+&80<8>;9(88#%"#099&"#H&8&"29%>;&"#@&90"7&"#$&"#$&(28>;&".#)6+#

R0-%2097&8&998>;0)2&"# 7&92&"$&"# ;0"$&98+&>;29%>;&"# J,+8>;+%)2&"# ("$# M&+3%22&92# ("2&+# @&0>;I 2("7#$&+#$&(28>;&"#*+("$8K2A&#,+$"("783KN%7&+#@(>;)6;+("7#&%"#$&"#2028K>;9%>;&"#J&+;K92I

"%88&"#&"28-+&>;&"$&8#@%9$#$&+#J&+3S7&"8I#("$#/%"0"A907&#$&+#*&8&998>;0)2#A(3#BCD#E&A&3I

<&+#FGFG#8,H%&#%;+&+#Q+2+078907&#)6+#$08#*&8>;K)28L0;+#M,3#CD#=0"(0+#FGFG#<%8#A(3#BCD#E&I A&3<&+#FGFG#("$#

• M&+3%22&92#$&+#<&%7&)672&#A(8033&"7&)0882&#O07&<&+%>;2#%"87&8032#&%"#A(2+&))&"$&8#@%9$#M,"#

$&+#O07&#$&+#*&8&998>;0)2D#T"#099&"#H&8&"29%>;&"#@&90"7&"#82&;2#$%&8&+#A(8033&"7&)0882&#O0I 7&<&+%>;2# %"# Q%"190"7# 3%2# $&3# =0;+&80<8>;9(88.# &"28-+%>;2# $&"# $&(28>;&"# 7&8&2A9%>;&"# J,+I 8>;+%)2&"#("$#82&992#$%&#U;0">&"#("$#V%8%1&"#$&+#A(16")2%7&"#Q"2H%>19("7#A(2+&))&"$#$0+D#

*&3KN#W#BFF#!<8D#B#X02A#C#Y*@#&+19K+&"#H%+.#$088#("8&+&#5+6)("7#A(#1&%"&"#Q%"H&"$("7&"#7&7&"#

$%&#Z+$"("783KN%71&%2#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28#7&)6;+2#;02D#

*+("$907&#)6+#$%&#5+6)("78(+2&%9&#

:%+#;0<&"#("8&+&#5+6)("7#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28#%"#[<&+I

&%"82%33("7#3%2#W#BC\#Y*@#("$#$&+#Q]I!<8>;9(88-+6)&+M&+,+$"("7#^P+D#_B\`FGCab#%3#/,97&"$&"#cQ]I

!5+JZde#("2&+#@&0>;2("7#$&+#M,3#T"82%2(2#$&+#:%+28>;0)28-+6)&+#^TE:e#)&827&82&992&"#$&(28>;&"#*+("$8I K2A&#,+$"("783KN%7&+#!<8>;9(88-+6)("7#$(+>;7&)6;+2D#]"8&+&#J&+0"2H,+2("7#"0>;#$%&8&"#J,+8>;+%)I

2&"#("$#*+("$8K2A&"#%82#%3#!<8>;"%22#cJ&+0"2H,+2("7#$&8#!<8>;9(88-+6)&+8#)6+#$%&#5+6)("7#$&8#=0;+&8I 0<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28d#("8&+&8#@&82K2%7("78M&+3&+18#H&%2&+7&;&"$#

<&8>;+%&<&"D#:%+#8%"$#M,"#$&3#]"2&+"&;3&"#("0<;K"7%7#%"#[<&+&%"82%33("7#3%2#$&"#&(+,-0+&>;29%I

>;&"# 8,H%&# $&"# $&(28>;&"# ;0"$&98+&>;29%>;&"# ("$# <&+()8+&>;29%>;&"# J,+8>;+%)2&"# ("$# ;0<&"# ("8&+&#

8,"82%7&"#$&(28>;&"#@&+()8-)9%>;2&"#%"#[<&+&%"82%33("7#3%2#$%&8&"#!"),+$&+("7&"#&+)6992D#E0+6<&+#;%"I 0(8#&+19K+&"#H%+#7&3KN#!+2%1&9#CG#!<8D#F#@(>;82D#)e#Q]I!5+JZ.#$088#H%+#1&%"&#M&+<,2&"&"#P%>;2-+6I )("789&%82("7&"#"0>;#!+2%1&9#_#!<8D#C#Q]I!5+JZ#&+<+0>;2#;0<&"D#:%+#8%"$#$&+#!())088("7.#$088#$%&#M,"#

("8#&+90"72&"#5+6)("78"0>;H&%8&#0(8+&%>;&"$#("$#7&&%7"&2#8%"$.#(3#098#*+("$907&#)6+#("8&+&#5+6I )("78(+2&%9&#A(3#=0;+&80<8>;9(88#("$#A(3#A(8033&"7&)0882&"#O07&<&+%>;2#A(#$%&"&"D#

:&8&"29%>;&#]"8%>;&+;&%2#%3#f(8033&";0"7#3%2#$&+#/,+2)6;+("7#$&+#]"2&+"&;3&"82K2%71&%2#

:%+#M&+H&%8&"#0()#!"70<&#FDF#%3#!";0"7#8,H%&#$%&#!"70<&"#%"#!<8>;"%22#TJ#<D#("$#>D#<AHD#g#0D#$&8#

A(8033&"7&)0882&"#O07&<&+%>;28.#%"#$&"&"#$%&#7&8&2A9%>;&"#J&+2+&2&+#<&8>;+&%<&".#$088#$08#&%"A%7&#

,-&+02%M&# ',>;2&+("2&+"&;3&"# %3# *&8>;K)28L0;+# FGFC# "(+# 'Q]V# CB# ]3802A# 7&"&+%&+2# ;02# ("$# "&(&#

5+,L&12&#A(3#f&%2-("12#$&+#Q+2&%9("7#$%&8&8#@&82K2%7("78M&+3&+18#&+82#%"#$&+#!1h(%808&#8%"$D#T"I 8,)&+"#<&82&;2#)6+#$08#',>;2&+("2&+"&;3&#8&9<82#&%"&#H&8&"29%>;&#]"8%>;&+;&%2#%"#@&A(7#0()#$%&#/,+2I )6;+("7#$&+#]"2&+"&;3&"82K2%71&%2D#E0#$%&#*&8&998>;0)2#098#Y,9$%"7#8&9<82#1&%"&#E+%22(38K2A&#;02#("$#

%"8,H&%2#0()#$%&#)%"0"A%&99&#]"2&+8262A("7#$(+>;#$08#',>;2&+("2&+"&;3&"#0"7&H%&8&"#%82.#2&%92#8%&#9&2A2I 9%>;#0(>;#$&+&"#X>;%>1809D#:%&#%"#!"70<&#FDF#("$#!<8>;"%22#TJ#<D#("$#>D#<AHD#g#0D#$0+7&9&72.#$&(2&"#

$%&8&# Q+&%7"%88&# ("$# *&7&<&";&%2&"# 0()# $08# @&82&;&"# &%"&+# H&8&"29%>;&"# ]"8%>;&+;&%2# ;%".# $%&# <&I

$&(2803&#fH&%)&9#0"#$&+#/K;%71&%2#$&+#*&8&998>;0)2#A(+#/,+2)6;+("7#$&+#]"2&+"&;3&"82K2%71&%2#0()H&+I )&"#10""#("$#$%&#&%"#<&820"$87&)K;+$&"$&8#V%8%1,#%3#X%""&#$&8#W#BFF#!<8D#F#X02A#B#Y*@#$0+82&992D#

*&3KN#!+2%1&9#CG#!<8D#F#@(>;820<&#>e#%%e#Q]I!5+JZ#)088&"#H%+#("8&+&#-+6)&+%8>;&#V&012%,"#%"#@&A(7#

0()#$%&8&8#V%8%1,#H%&#),972#A(8033&"i##

– T3#&+82&"#X>;+%22#;0<&"#H%+#$%&#R,82&"82+(12(+#$&+#*&8&998>;0)2#$0;%"7&;&"$#0"09j8%&+2.#H&9>;&#

!(870<&"#M&+3&%$<0+#<AHD#("M&+3&%$<0+#8%"$D#

– T3# AH&%2&"# X>;+%22# ;0<&"# H%+# $08# ',>;2&+("2&+"&;3&"# %"# @&A(7# 0()# $&88&"# /,+2)6;+("7# $&+#

]"2&+"&;3&"82K2%71&%2#<&(+2&%92D#Y%&+A(#;0<&"#H%+#%"8<&8,"$&+&#$%&#-,2&"A%&99&"#5+,L&12&#$0I

;%"7&;&"$#("2&+8(>;2.#%"H%&H&%2#$%&8&#0(8+&%>;&"$#U08;I/9,H#&+H%+28>;0)2&"#1S""&".#(3#$%&#

!(870<&"#$&+#Y,9$%"7#2+07&"#A(#1S""&"D##

– O&2A29%>;#;0<&"#H%+#$08#40"07&3&"2#%"#@&A(7#0()#$&88&"#59K"&#3%2#$&+#Y,9$%"7#<&)+072#("$#

H%&#8%&#$%&#$%&#Y,9$%"7#)%"0"A%&+&"#H,99&"D#

]"8&+&#5+6)("78(+2&%9&#8%"$#<&A679%>;#$%&8&8#X0>;M&+;0928#"%>;2#3,$%)%A%&+2D#

@&8,"$&+8#H%>;2%7&#5+6)("7880>;M&+;092&#%"#$&+#5+6)("7#$&8#=0;+&80<8>;9(88&8#

@&8,"$&+8#H%>;2%7&#5+6)("7880>;M&+;092&#8%"$#8,9>;&#X0>;M&+;092&.#$%&#"0>;#("8&+&3#-)9%>;27&3KN&"#

Q+3&88&"#03#<&$&(280382&"#%"#("8&+&+#5+6)("7#$&8#=0;+&80<8>;9(88&8#)6+#$08#*&8>;K)28L0;+#M,3#CD#

=0"(0+#FGFG#<%8#A(3#BCD#E&A&3<&+#FGFG#H0+&"D#E%&8&#X0>;M&+;092&#H(+$&"#%3#f(8033&";0"7#3%2#

("8&+&+#5+6)("7#$&8#=0;+&80<8>;9(88&8#098#*0"A&3#("$#<&%#$&+#@%9$("7#("8&+&8#5+6)("78(+2&%98#;%&+A(#

<&+6>18%>;2%72b#H%+#7&<&"#1&%"#7&8,"$&+2&8#5+6)("78(+2&%9#A(#$%&8&"#X0>;M&+;092&"#0<D#f(8K2A9%>;#A(#

$&3# %3# !<8>;"%22# c:&8&"29%>;&# ]"8%>;&+;&%2# %3# f(8033&";0"7# 3%2# $&+# /,+2)6;+("7# $&+# ]"2&+"&;I 3&"82K2%71&%2d#<&8>;+%&<&"&"#X0>;M&+;092#;0<&"#H%+#$&"#("2&"#<&8>;+%&<&"&"#X0>;M&+;092#098#<&8,"I

$&+8#H%>;2%7&"#5+6)("7880>;M&+;092#<&82%332.#$&+#%"#("8&+&3#@&82K2%7("78M&+3&+1#3%2A(2&%9&"#%82D#

:&+2;092%71&%2#$&+#@&2&%9%7("7#0"#$&+#'())#Z))8;,+&#X&+M%>&8#52&D#O2$D.#X%"70-(+#

V%8%1,#)6+#$&"#!<8>;9(88#

f(#$&"#0"7&H0"$2&"#@%90"A%&+("78I#("$#@&H&+2("783&2;,$&"#M&+H&%8&"#H%+#0()#!<8>;"%22#FDB#("$#

B#$&8#!";0"78D#

Q%"A%7&8# ',>;2&+("2&+"&;3&"# $&+# *&8&998>;0)2# %82# $%&# '())# Z))8;,+&# X&+M%>&8# 52&D# O2$D.# X%"70-(+.#

$&88&"#@&2&%9%7("78<(>;H&+2#A(3#BCD#E&A&3<&+#FGFG#'Q]V#kDGGG#<&2+K72D#E%&#@&2&%9%7("7#H(+$&#

(+8-+6"79%>;#%3#V0;3&"#$&8#T5Zl8#%"#FGCm#%3#:&7&#$&+#X0>;&%"907&#%"#YS;&#M,"#'Q]V#k\DmGm#

&%"7&<+0>;2.#(3#$%&#R,"A&+"82+(12(+#A(#&++%>;2&"D#T3#*&8>;K)28L0;+#FGCn#H(+$&#&%"&#0(N&+-90"3KI N%7&# !<8>;+&%<("7# %"# YS;&# M,"# 'Q]V# BBDFGk# M,+7&",33&"D# T3# 012(&99&"# *&8>;K)28L0;+# ^FGFGe#

H(+$&#&%"&#H&%2&+&#0(N&+-90"3KN%7&#!<8>;+&%<("7#%"#YS;&#M,"#'Q]V#FmDkGF#M,+7&",33&"D#

@&2&%9%7("7&"#8%"$#"0>;#W#F_B#!<8D#B#Y*@#$0""#0(N&+-90"3KN%7#0<A(8>;+&%<&".#H&""#)6+#$%&8&#

&%"&# $0(&+"$&# :&+23%"$&+("7# M,+9%&72D# E%&# @&H&+2("7# M,"# @&2&%9%7("7&"# %82# %"# TE:# VX# Y/!# CG#

7&+&7&92#("$#<&8072#%3#R&+".#$088#$%&8&#3%22&98#&%"&+#]"2&+"&;3&"8<&H&+2("7#%3#X%""&#M,"#TE:#

XC#A(#<&(+2&%9&"#%82D#=&#"0>;#J&+)0;+&"#;K"72#$03%2#$&+#:&+2#$&+#@&2&%9%7("7#M,"#A(16")2%7&"#Q+2+KI 7&"`f0;9("783%22&9"#0<.#$%&#A(#$%81,"2%&+&"#8%"$D##

E%&#!""0;3&"#6<&+#$%&#A(16")2%7&"#Q+2+K7&`f0;9("783%22&9#<AHD#$&"#E%81,"2%&+("78A%"8802A#8%"$#

1,3-9&o#("$#820+1#&+3&88&"8<&;0)2&2D#T3#Q+7&<"%8#<&82&;2#$03%2#)6+#$&"#=0;+&80<8>;9(88#$&+#*&I 8&998>;0)2# $08# V%8%1,.# $088# $%&# Q+3&88&"88-%&9+K(3&# %3# V0;3&"# $&+# @&H&+2("7# $&+# @&2&%9%7("7#

"%>;2# 80>;7&+&>;2# 0(87&6<2# H&+$&"# ("$# A(3# !<8>;9(8882%>;207# &%"&# 0(N&+-90"3KN%7&# !<8>;+&%I

<("7#M,+A("&;3&"#%82#<AHD#&%"&#<&82&;&"$&#0(N&+-90"3KN%7&#!<8>;+&%<("7#"%>;2#%"#0"7&3&88&I

"&+#YS;&#&+)0882#H%+$D#f(8K2A9%>;#<&82&;2#$08#V%8%1,.#$088#A(8033&";K"7&"$&#!";0"780"70<&"#

"%>;2#80>;7&+&>;2#8%"$D#

]"8&+&#J,+7&;&"8H&%8&#

]3#$%&#:&+2;092%71&%2#$&8#@&2&%9%7("78<(>;H&+2&8#<&(+2&%9&"#A(#1S""&".#8%"$#H%+#%3#V0;3&"#("8&I +&+#!<8>;9(88-+6)("7#H%&#),972#M,+7&70"7&"i#

– T3#&+82&"#X>;+%22#;0<&"#H%+#$08#*&8>;K)283,$&99#0"09j8%&+2#("$#6<&+-+6)2.#%"H%&H&%2#$%&8#%3#

@&H&+2("783,$&99#$&+#*&8&998>;0)2#<&+6>18%>;2%72#H(+$&D#

– T3#AH&%2&"#X>;+%22#;0<&"#H%+#$%&#A(7+("$&9%&7&"$&"#!""0;3&"#0()#%;+&#590(8%<%9%2K2#6<&+I -+6)2D#

– T3#$+%22&"#X>;+%22#;0<&"#H%+#$%&#f(8033&"8&2A("7#$&8#)6+#$%&#E%81,"2%&+("7#M&+H&"$&2&"#

f%"8802A&8#<&(+2&%92D#

– O&2A29%>;#;0<&"#H%+#3%22&98#&%"&8#3&;+H&+2%7&"#@&H&+2("783,$&998#&%"&#@0"$<+&%2&#0"#]"I 2&+"&;3&"8H&+2&"#3%2#$&3#@&2&%9%7("78<(>;H&+2#M&+79%>;&".#(3#$%&8&"#A(#-90(8%<%9%8%&+&"D#

X>;9(88),97&+("7#

E08#$&+#@&H&+2("7#$&+#@&2&%9%7("7#A(7+("$&#9%&7&"$&#J,+7&;&"#%82#80>;7&+&>;2#("$#82&;2#%3#Q%"I 190"7#3%2#$&"#0"A(H&"$&"$&"#@&H&+2("787+("$8K2A&"D#E%&#Q+3&88&"8&"28>;&%$("7&"#%3#Y%"<9%>1#

0()#$%&#$&+#@&H&+2("7#$&+#@&2&%9%7("7#A(7+("$&#9%&7&"$&"#!""0;3&"#8%"$#80>;7&+&>;2#0(87&6<2D#

E%&#$03%2#A(8033&";K"7&"$&"#!"70<&"#%3#!";0"7#8%"$#80>;7&+&>;2D#

X,"82%7&#T"),+302%,"&"#

E%&#7&8&2A9%>;&"#J&+2+&2&+#8%"$#)6+#$%&#8,"82%7&"#T"),+302%,"&"#M&+0"2H,+29%>;D#E%&#8,"82%7&"#T"),+302%I ,"&"#(3)088&"#

• E%&#J&+8%>;&+("7#$&+#7&8&2A9%>;&"#J&+2+&2&+#A(3#=0;+&80<8>;9(88#("$#A(3#A(8033&"7&)0882&"#

O07&<&+%>;2#"0>;#W#Fka#!<8D#F#X02A#B#<AHD#W#Fmn#!<8D#C#X02A#_#Y*@b#

• E%&#Q+19K+("7#A(+#]"2&+"&;3&"8)6;+("7#"0>;#WW#Fmn).#BC_$#Y*@#8,H%&#$&+#U,+-,+02&#*,M&+"0">&#

@&+%>;2#"0>;#P+D#BDCG#$&8#E&(28>;&"#U,+-,+02&#*,M&+"0">&#R,$&o.#0()#$%&#%3#!<8>;"%22#Tg#$&8#

A(8033&"7&)0882&"#O07&<&+%>;28#M&+H&%8&"#H%+$#

E&+#!()8%>;28+02#%82#)6+#$%&#),97&"$&"#8,"82%7&"#T"),+302%,"&"#M&+0"2H,+29%>;i#

• @&+%>;2#$&8#!()8%>;28+02&8#

]"8&+&#5+6)("78(+2&%9&#A(3#=0;+&80<8>;9(88#("$#A(#A(8033&"7&)0882&"#O07&<&+%>;2#&+82+&>1&"#8%>;#

"%>;2# 0()# $%&# 8,"82%7&"# T"),+02%,"&".# ("$# $&3&"28-+&>;&"$# 7&<&"# H%+# H&$&+# &%"# 5+6)("78(+2&%9# ",>;#

%+7&"$&%"&#0"$&+&#/,+3#M,"#5+6)("788>;9(88),97&+("7#;%&+A(#0<D#

]"8&+&#J&+0"2H,+2("7#%3#V0;3&"#("8&+&+#5+6)("7#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)088I 2&"#O07&<&+%>;28#<&82&;2#$0+%".#$%&#A(8K2A9%>;&"#T"),+302%,"&"#1+%2%8>;#A(#9&8&"#("$#&2H0%7&#H&8&"29%>;&#

]"82%33%71&%2&"# AH%8>;&"# $&"# A(8K2A9%>;&"# T"),+302%,"&"# ("$# $&3# =0;+&80<8>;9(88# ("$`,$&+# $&3#

A(8033&"7&)0882&"#O07&<&+%>;2#,$&+#("8&+&"#<&%#$&+#5+6)("7#7&H,""&"#Q+1&""2"%88&"#,$&+#H&8&"2I 9%>;&#)098>;#!"70<&"#A(#<&+6>18%>;2%7&"D#

J&+0"2H,+2("7#$&+#7&8&2A9%>;&"#J&+2+&2&+#("$#$&8#!()8%>;28+028#)6+#$&"#=0;+&80<8>;9(88#("$#$&"#A(I 8033&"7&)0882&"#O07&<&+%>;2#

E%&#7&8&2A9%>;&"#J&+2+&2&+#8%"$#M&+0"2H,+29%>;#)6+#$%&#!()82&99("7#$&8#=0;+&80<8>;9(88&8.#$&+#$&"#$&(2I 8>;&".#)6+#R0-%2097&8&998>;0)2&"#7&92&"$&"#;0"$&98+&>;29%>;&"#J,+8>;+%)2&"#%"#099&"#H&8&"29%>;&"#@&90"I 7&"#&"28-+%>;2.#("$#$0)6+.#$088#$&+#=0;+&80<8>;9(88#("2&+#@&0>;2("7#$&+#$&(28>;&"#*+("$8K2A&#,+$I

"("783KN%7&+#@(>;)6;+("7#&%"#$&"#2028K>;9%>;&"#J&+;K92"%88&"#&"28-+&>;&"$&8#@%9$#$&+#J&+3S7&"8I.#

/%"0"AI#("$#Q+2+078907&#$&+#*&8&998>;0)2#M&+3%22&92D#/&+"&+#8%"$#$%&#7&8&2A9%>;&"#J&+2+&2&+#M&+0"2H,+2I 9%>;#)6+#$%&#%"2&+"&"#R,"2+,99&".#$%&#8%&#%"#[<&+&%"82%33("7#3%2#$&"#$&(28>;&"#*+("$8K2A&"#,+$"("78I 3KN%7&+#@(>;)6;+("7#098#",2H&"$%7#<&82%332#;0<&".#(3#$%&#!()82&99("7#&%"&8#=0;+&80<8>;9(88&8#A(#

&+3S79%>;&".#$&+#)+&%#M,"#H&8&"29%>;&"#?#<&0<8%>;2%72&"#,$&+#("<&0<8%>;2%72&"#?#)098>;&"#E0+82&99("7&"#

%82D#

@&%#$&+#!()82&99("7#$&8#=0;+&80<8>;9(88&8#8%"$#$%&#7&8&2A9%>;&"#J&+2+&2&+#$0)6+#M&+0"2H,+29%>;.#$%&#/KI

;%71&%2#$&+#*&8&998>;0)2#A(+#/,+2)6;+("7#$&+#]"2&+"&;3&"82K2%71&%2#A(#<&(+2&%9&"D#E&8#:&%2&+&"#;0<&"#

8%&#$%&#J&+0"2H,+2("7.#X0>;M&+;092&#%"#f(8033&";0"7#3%2#$&+#/,+2)6;+("7#$&+#]"2&+"&;3&"82K2%71&%2.#

8,)&+"# &%"8>;9K7%7.# 0"A(7&<&"D# E0+6<&+# ;%"0(8# 8%"$# 8%&# $0)6+# M&+0"2H,+29%>;.# 0()# $&+# *+("$907&# $&8#

V&>;"("789&7("787+("$802A&8#$&+#/,+2)6;+("7#$&+#]"2&+"&;3&"82K2%71&%2#A(#<%90"A%&+&".#8,)&+"#$&3#

"%>;2#2028K>;9%>;&#,$&+#+&>;29%>;&#*&7&<&";&%2&"#&"27&7&"82&;&"D#

!(N&+$&3#8%"$#$%&#7&8&2A9%>;&"#J&+2+&2&+#M&+0"2H,+29%>;#)6+#$%&#!()82&99("7#$&8#A(8033&"7&)0882&"#

O07&<&+%>;28.#$&+#%"87&8032#&%"#A(2+&))&"$&8#@%9$#M,"#$&+#O07&#$&+#*&8&998>;0)2#M&+3%22&92#8,H%&#%"#099&"#

H&8&"29%>;&"#@&90"7&"#3%2#$&3#=0;+&80<8>;9(88#%"#Q%"190"7#82&;2.#$&"#$&(28>;&"#7&8&2A9%>;&"#J,+I 8>;+%)2&"#&"28-+%>;2#("$#$%&#U;0">&"#("$#V%8%1&"#$&+#A(16")2%7&"#Q"2H%>19("7#A(2+&))&"$#$0+82&992D#/&+I

"&+#8%"$#$%&#7&8&2A9%>;&"#J&+2+&2&+#M&+0"2H,+29%>;#)6+#$%&#J,+1&;+("7&"#("$#40N"0;3&"#^Xj82&3&e.#$%&#

8%&#098#",2H&"$%7#&+0>;2&2#;0<&".#(3#$%&#!()82&99("7#&%"&8#A(8033&"7&)0882&"#O07&<&+%>;28#%"#[<&+I

&%"82%33("7# 3%2# $&"# 0"A(H&"$&"$&"# $&(28>;&"# 7&8&2A9%>;&"# J,+8>;+%)2&"# A(# &+3S79%>;&".# ("$# (3#

0(8+&%>;&"$&#7&&%7"&2&#P0>;H&%8&#)6+#$%&#!(8807&"#%3#A(8033&"7&)0882&"#O07&<&+%>;2#&+<+%"7&"#A(#

1S""&"D#

E&+#!()8%>;28+02#%82#M&+0"2H,+29%>;#)6+#$%&#[<&+H0>;("7#$&8#V&>;"("789&7("78-+,A&88&8#$&+#*&8&99I 8>;0)2#A(+#!()82&99("7#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28D#

J&+0"2H,+2("7#$&8#!<8>;9(88-+6)&+8#)6+#$%&#5+6)("7#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&I )0882&"#O07&<&+%>;28#

]"8&+&#f%&98&2A("7#%82.#;%"+&%>;&"$&#X%>;&+;&%2#$0+6<&+#A(#&+90"7&".#,<#$&+#=0;+&80<8>;9(88#098#*0"I A&8#)+&%#M,"#H&8&"29%>;&"#?#<&0<8%>;2%72&"#,$&+#("<&0<8%>;2%72&"#?#)098>;&"#E0+82&99("7&"#%82.#("$#,<#

$&+#A(8033&"7&)0882&#O07&<&+%>;2#%"87&8032#&%"#A(2+&))&"$&8#@%9$#M,"#$&+#O07&#$&+#*&8&998>;0)2#M&+I 3%22&92#8,H%&#%"#099&"#H&8&"29%>;&"#@&90"7&"#3%2#$&3#=0;+&80<8>;9(88#8,H%&#3%2#$&"#<&%#$&+#5+6)("7#

7&H,""&"&"#Q+1&""2"%88&"#%"#Q%"190"7#82&;2.#$&"#$&(28>;&"#7&8&2A9%>;&"#J,+8>;+%)2&"#&"28-+%>;2#("$#

$%&#U;0">&"#("$#V%8%1&"#$&+#A(16")2%7&"#Q"2H%>19("7#A(2+&))&"$#$0+82&992.#8,H%&#&%"&"#@&82K2%7("78I M&+3&+1# A(# &+2&%9&".# $&+# ("8&+&# 5+6)("78(+2&%9&# A(3# =0;+&80<8>;9(88# ("$# A(3# A(8033&"7&)0882&"#

O07&<&+%>;2#<&%";092&2D#

Y%"+&%>;&"$&#X%>;&+;&%2#%82#&%"#;,;&8#40N#0"#X%>;&+;&%2.#0<&+#1&%"&#*0+0"2%&#$0)6+.#$088#&%"&#%"#[<&+I

&%"82%33("7#3%2#W#BC\#Y*@#("$#$&+#Q]I!5+JZ#("2&+#@&0>;2("7#$&+#M,3#T"82%2(2#$&+#:%+28>;0)28-+6)&+#

^TE:e#)&827&82&992&"#$&(28>;&"#*+("$8K2A&#,+$"("783KN%7&+#!<8>;9(88-+6)("7#$(+>;7&)6;+2&#5+6)("7#

&%"&#H&8&"29%>;&#)098>;&#E0+82&99("7#82&28#0()$&>12D#/098>;&#E0+82&99("7&"#1S""&"#0(8#J&+82SN&"#,$&+#

]"+%>;2%71&%2&"#+&8(92%&+&"#("$#H&+$&"#098#H&8&"29%>;#0"7&8&;&".#H&""#M&+"6")2%7&+H&%8&#&+H0+2&2#H&+I

$&"#1S""2&.#$088#8%&#&%"A&9"#,$&+#%"87&8032#$%&#0()#$&+#*+("$907&#$%&8&8#=0;+&80<8>;9(88&8#("$#A(I 8033&"7&)0882&"# O07&<&+%>;28# 7&2+,))&"&"# H%+28>;0)29%>;&"# Q"28>;&%$("7&"# M,"# !$+&8802&"# <&&%"I )9(88&"D#

:K;+&"$#$&+#5+6)("7#6<&"#H%+#-)9%>;27&3KN&8#Q+3&88&"#0(8#("$#<&H0;+&"#&%"&#1+%2%8>;&#*+("$;09I 2("7D#E0+6<&+#;%"0(8#

• %$&"2%)%A%&+&"#("$#<&(+2&%9&"#H%+#$%&#V%8%1&"#H&8&"29%>;&+#?#<&0<8%>;2%72&+#,$&+#("<&0<8%>;2%72&+#

?#)098>;&+#E0+82&99("7&"#%3#=0;+&80<8>;9(88#("$#%3#A(8033&"7&)0882&"#O07&<&+%>;2.#-90"&"#

("$#)6;+&"#5+6)("78;0"$9("7&"#098#V&012%,"#0()#$%&8&#V%8%1&"#$(+>;#8,H%&#&+90"7&"#5+6)("78I

"0>;H&%8&.#$%&#0(8+&%>;&"$#("$#7&&%7"&2#8%"$.#(3#098#*+("$907&#)6+#("8&+&#5+6)("78(+2&%9&#A(#

$%&"&"D#E08#V%8%1,.#$088#H&8&"29%>;&#)098>;&#E0+82&99("7&"#"%>;2#0()7&$&>12#H&+$&".#%82#<&%#

J&+82SN&"# ;S;&+# 098# <&%# ]"+%>;2%71&%2&".# $0# J&+82SN&# <&2+67&+%8>;&8# f(8033&"H%+1&".# /K9I 8>;("7&".#<&0<8%>;2%72&#]"M,9982K"$%71&%2&".#%++&)6;+&"$&#E0+82&99("7&"#<AHD#$08#!(N&+1+0)2I 8&2A&"#%"2&+"&+#R,"2+,99&"#<&%";092&"#1S""&"D#

• 7&H%""&"#H%+#&%"#J&+82K"$"%8#M,"#$&3#)6+#$%&#5+6)("7#$&8#=0;+&80<8>;9(88&8#+&9&M0"2&"#%"2&+I

"&"#R,"2+,998j82&3#("$#$&"#)6+#$%&#5+6)("7#$&8#A(8033&"7&)0882&"#O07&<&+%>;28#+&9&M0"2&"#

J,+1&;+("7&"#("$#40N"0;3&".#(3#5+6)("78;0"$9("7&"#A(#-90"&".#$%&#("2&+#$&"#7&7&<&"&"#

]382K"$&"# 0"7&3&88&"# 8%"$.# L&$,>;# "%>;2# 3%2# $&3# f%&9.# &%"# 5+6)("78(+2&%9# A(+# :%+18031&%2#

$%&8&+#Xj82&3&#$&+#*&8&998>;0)2#0<A(7&<&"D#

• <&(+2&%9&"# H%+# $%&# !"7&3&88&";&%2# $&+# M,"# $&"# 7&8&2A9%>;&"# J&+2+&2&+"# 0"7&H0"$2&"# V&>;I

"("789&7("783&2;,$&"# 8,H%&# $%&# J&+2+&2<0+1&%2# $&+# M,"# $&"# 7&8&2A9%>;&"# J&+2+&2&+"# $0+7&I 82&992&"#7&8>;K2A2&"#:&+2&#("$#$03%2#A(8033&";K"7&"$&"#!"70<&"D#

• A%&;&"#H%+#X>;9(88),97&+("7&"#6<&+#$%&#!"7&3&88&";&%2#$&8#M,"#$&"#7&8&2A9%>;&"#J&+2+&2&+"#

0"7&H0"$2&"# V&>;"("789&7("787+("$802A&8# $&+# /,+2)6;+("7# $&+# ]"2&+"&;3&"82K2%71&%2# 8,I H%&.#0()#$&+#*+("$907&#$&+#&+90"72&"#5+6)("78"0>;H&%8&.#,<#&%"&#H&8&"29%>;&#]"8%>;&+;&%2#%3#

f(8033&";0"7#3%2#Q+&%7"%88&"#,$&+#*&7&<&";&%2&"#<&82&;2.#$%&#<&$&(2803&#fH&%)&9#0"#$&+#

/K;%71&%2#$&+#*&8&998>;0)2#A(+#/,+2)6;+("7#$&+#]"2&+"&;3&"82K2%71&%2#0()H&+)&"#1S""&"D#/0998#

H%+#A(#$&3#X>;9(88#1,33&".#$088#&%"&#H&8&"29%>;&#]"8%>;&+;&%2#<&82&;2.#8%"$#H%+#M&+-)9%>;2&2.#

%3#@&82K2%7("78M&+3&+1#0()#$%&#$0A(7&;S+%7&"#!"70<&"#%3#=0;+&80<8>;9(88#("$#%3#A(803I 3&"7&)0882&"#O07&<&+%>;2#0()3&+1803#A(#30>;&"#,$&+.#)0998#$%&8&#!"70<&"#("0"7&3&88&"#

8%"$.#("8&+#L&H&%9%7&8#5+6)("78(+2&%9#A(#3,$%)%A%&+&"D#:%+#A%&;&"#("8&+&#X>;9(88),97&+("7&"#0()#

$&+# *+("$907&# $&+# <%8# A(3# E02(3# ("8&+&8# @&82K2%7("78M&+3&+18# &+90"72&"# 5+6)("78"0>;I H&%8&D#f(16")2%7&#Q+&%7"%88&#,$&+#*&7&<&";&%2&"#1S""&"#L&$,>;#$0A(#)6;+&".#$088#$%&#*&8&99I 8>;0)2#%;+&#]"2&+"&;3&"82K2%71&%2#"%>;2#3&;+#),+2)6;+&"#10""D#

• <&(+2&%9&"#H%+#$%&#*&8032$0+82&99("7.#$&"#!()<0(#("$#$&"#T";092#$&8#=0;+&80<8>;9(88&8#&%"I 8>;9%&N9%>;#$&+#!"70<&"#8,H%&#,<#$&+#=0;+&80<8>;9(88#$%&#A(7+("$&#9%&7&"$&"#*&8>;K)28M,+I )K99&# ("$# Q+&%7"%88&# 8,# $0+82&992.# $088# $&+# =0;+&80<8>;9(88# ("2&+# @&0>;2("7# $&+# $&(28>;&"#

*+("$8K2A&#,+$"("783KN%7&+#@(>;)6;+("7#&%"#$&"#2028K>;9%>;&"#J&+;K92"%88&"#&"28-+&>;&"I

$&8#@%9$#$&+#J&+3S7&"8I.#/%"0"AI#("$#Q+2+078907&#$&+#*&8&998>;0)2#M&+3%22&92D#

• <&(+2&%9&"#H%+#$&"#Q%"190"7#$&8#A(8033&"7&)0882&"#O07&<&+%>;28#3%2#$&3#=0;+&80<8>;9(88.#

8&%"&#*&8&2A&8&"28-+&>;("7#("$#$08#M,"#%;3#M&+3%22&92&#@%9$#M,"#$&+#O07&#$&+#*&8&998>;0)2D#

• )6;+&"#H%+#5+6)("78;0"$9("7&"#A(#$&"#M,"#$&"#7&8&2A9%>;&"#J&+2+&2&+"#$0+7&82&992&"#A(1(")28I ,+%&"2%&+2&"#!"70<&"#%3#A(8033&"7&)0882&"#O07&<&+%>;2#$(+>;D#!()#@08%8#0(8+&%>;&"$&+#7&I

&%7"&2&+#5+6)("78"0>;H&%8&#M,99A%&;&"#H%+#$0<&%#%"8<&8,"$&+&#$%&#$&"#A(1(")28,+%&"2%&+2&"#!"I 70<&"#M,"#$&"#7&8&2A9%>;&"#J&+2+&2&+"#A(7+("$&#7&9&72&"#<&$&(2803&"#!""0;3&"#"0>;#("$#

<&(+2&%9&"#$%&#80>;7&+&>;2&#!<9&%2("7#$&+#A(1(")28,+%&"2%&+2&"#!"70<&"#0(8#$%&8&"#!""0;3&"D#

Q%"#&%7&"82K"$%7&8#5+6)("78(+2&%9#A(#$&"#A(1(")28,+%&"2%&+2&"#!"70<&"#8,H%&#A(#$&"#A(7+("$&#

9%&7&"$&"#!""0;3&"#7&<&"#H%+#"%>;2#0<D#Q8#<&82&;2#&%"#&+;&<9%>;&8#("M&+3&%$<0+&8#V%8%1,.#

$088#16")2%7&#Q+&%7"%88&#H&8&"29%>;#M,"#$&"#A(1(")28,+%&"2%&+2&"#!"70<&"#0<H&%>;&"D#

:%+#&+S+2&+"#3%2#$&"#)6+#$%&#[<&+H0>;("7#J&+0"2H,+29%>;&"#("2&+#0"$&+&3#$&"#7&-90"2&"#]3)0"7#("$#

$%&#f&%2-90"("7#$&+#5+6)("7#8,H%&#<&$&(2803&#5+6)("78)&8282&99("7&".#&%"8>;9%&N9%>;#&2H0%7&+#4K"7&9#

%3#%"2&+"&"#R,"2+,998j82&3.#$%&#H%+#HK;+&"$#("8&+&+#5+6)("7#)&8282&99&"D#

:%+#7&<&"#7&7&"6<&+#$&"#)6+#$%&#[<&+H0>;("7#J&+0"2H,+29%>;&"#&%"&#Q+19K+("7#0<.#$088#H%+#$%&#+&9&I M0"2&"#]"0<;K"7%71&%280"),+$&+("7&"#&%"7&;092&"#;0<&".#("$#&+S+2&+"#3%2#%;"&"#099&#@&A%&;("7&"#("$#

8,"82%7&"# X0>;M&+;092&.# M,"# $&"&"# M&+"6")2%7&+H&%8&# 0"7&",33&"# H&+$&"# 10"".# $088# 8%&# 8%>;# 0()#

("8&+&#]"0<;K"7%71&%2#0(8H%+1&".#("$#$%&#;%&+A(#7&2+,))&"&"#X>;(2A30N"0;3&"D#

:%+#<&82%33&"#M,"#$&"#X0>;M&+;092&".#$%&#H%+#3%2#$&"#)6+#$%&#[<&+H0>;("7#J&+0"2H,+29%>;&"#&+S+2&+2#

;0<&".#$%&L&"%7&"#X0>;M&+;092&.#$%&#%"#$&+#5+6)("7#$&8#=0;+&80<8>;9(88&8#)6+#$&"#012(&99&"#@&+%>;28I A&%2+0(3#03#<&$&(280382&"#H0+&"#("$#$0;&+#$%&#<&8,"$&+8#H%>;2%7&"#5+6)("7880>;M&+;092&#8%"$D#:%+#

<&8>;+&%<&"#$%&8&#X0>;M&+;092&#%3#@&82K2%7("78M&+3&+1.#&8#8&%#$&"".#*&8&2A&#,$&+#0"$&+&#V&>;28I M,+8>;+%)2&"#8>;9%&N&"#$%&#S))&"29%>;&#!"70<&#$&8#X0>;M&+;0928#0(8D#

?@)#$&'".'"#"$<5&42".()/.0)/"+".+"42$5&42".3)8@+/"+()'").

9"+,"+-.71"+./&".:+78()'./"+.87+.AB"4-"./"+.C88")5"'()'."+#$"55$")."5"-$+@)&#42").

D&"/"+'01"). /"#. ;02+"#01#425(##"#. ()/. /"#. <(#0,,")'"80##$"). =0'"1"+&42$#.

)042.E.FGH.31#I.F1.JK!.

5+6)("78(+2&%9#

:%+#;0<&"#7&3KN#W#BC\#!<8D#B<#Y*@#&%"&#5+6)("7#3%2#;%"+&%>;&"$&+#X%>;&+;&%2#$(+>;7&)6;+2.#,<#$%&#%"#

$&+#<&%7&)672&"#E02&%#_FnnGGpF@Bgmg4!5]YFmIFGFGICFIBCI$&q=!#&"2;092&"&"#("$#)6+#fH&>1&#$&+#

Z))&"9&7("7# &+82&992&"# :%&$&+70<&"# $&8# =0;+&80<8>;9(88&8# ("$# $&8# A(8033&"7&)0882&"# O07&<&I +%>;28#^%3#/,97&"$&"#0(>;#098#cQXQ/I]"2&+907&"d#<&A&%>;"&2e#$&"#J,+70<&"#$&8#W#BFm#!<8D#C#Y*@#0"#

$08#&9&12+,"%8>;&#@&+%>;28),+302#^cQXQ/I/,+302de#%"#099&"#H&8&"29%>;&"#@&90"7&"#&"28-+&>;&"D#T"#Q%"I 190"7#3%2#$&"#$&(28>;&"#7&8&2A9%>;&"#J,+8>;+%)2&"#&+82+&>12#8%>;#$%&8&#5+6)("7#"(+#0()#$%&#[<&+)6;+("7#

$&+# T"),+302%,"&"# $&8# =0;+&80<8>;9(88&8# ("$# $&8# A(8033&"7&)0882&"# O07&<&+%>;28# %"# $08# QXQ/I /,+302#("$#$0;&+#H&$&+#0()#$%&#%"#$%&8&"#:%&$&+70<&"#&"2;092&"&"#",>;#0()#0"$&+&#%"#$&+#,<&"#7&I

"0""2&"#E02&%#&"2;092&"&#T"),+302%,"&"D#

P0>;#("8&+&+#@&(+2&%9("7#&"28-+&>;&"#$%&#%"#$&+#,<&"#7&"0""2&"#<&%7&)672&"#E02&%#&"2;092&"&"#("$#

)6+#fH&>1&#$&+#Z))&"9&7("7#&+82&992&"#:%&$&+70<&"#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)088I 2&"#O07&<&+%>;28#%"#099&"#H&8&"29%>;&"#@&90"7&"#$&"#J,+70<&"#$&8#W#BFm#!<8D#C#Y*@#0"#$08#&9&12+,I

"%8>;&#@&+%>;28),+302D#[<&+#$%&8&8#5+6)("78(+2&%9#8,H%&#("8&+&#%3#M,+0"82&;&"$&"#cJ&+3&+1#6<&+#$%&#

5+6)("7#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28d#&"2;092&"&"#5+6)("78(+I 2&%9&#A(3#<&%7&)672&"#=0;+&80<8>;9(88#("$#A(3#<&%7&)672&"#A(8033&"7&)0882&"#O07&<&+%>;2#)6+#$08#

*&8>;K)28L0;+#M,3#CD#=0"(0+#FGFG#<%8#A(3#BCD#E&A&3<&+#FGFG#;%"0(8#7&<&"#H%+#1&%"&+9&%#5+6)("78(+I 2&%9#A(#$&"#%"#$%&8&"#:%&$&+70<&"#&"2;092&"&"#T"),+302%,"&"#8,H%&#A(#$&"#0"$&+&"#%"#$&+#,<&"#7&I

"0""2&"#E02&%#&"2;092&"&"#T"),+302%,"&"#0<D#

*+("$907&#)6+#$08#5+6)("78(+2&%9#

:%+#;0<&"#("8&+&#5+6)("7#$&+#%"#$&+#,<&"#7&"0""2&"#<&%7&)672&"#E02&%#&"2;092&"&"#:%&$&+70<&"#$&8#

=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28#%"#[<&+&%"82%33("7#3%2#W#BC\#!<8D#B<#

Y*@#("2&+#@&0>;2("7#$&8#Q"2H(+)8#$&8#TE:#5+6)("78820"$0+$8i#5+6)("7#$&+#)6+#fH&>1&#$&+#Z))&"9&I 7("7#&+82&992&"#&9&12+,"%8>;&"#:%&$&+70<&"#M,"#!<8>;9688&"#("$#O07&<&+%>;2&"#"0>;#W#BC\#!<8D#B<#

Y*@#^TE:#Q5X#aCGe#$(+>;7&)6;+2D#]"8&+&#J&+0"2H,+2("7#$0"0>;#%82#%3#!<8>;"%22#cJ&+0"2H,+2("7#$&8#

!<8>;9(88-+6)&+8# )6+# $%&# 5+6)("7# $&+# QXQ/I]"2&+907&"d# H&%2&+7&;&"$# <&8>;+%&<&"D# ]"8&+&# :%+2I 8>;0)28-+6)&+-+0o%8#;02#$%&#!"),+$&+("7&"#0"#$08#r(09%2K288%>;&+("788j82&3#$&8#TE:#r(09%2K288%>;&I +("78820"$0+$8i# !"),+$&+("7&"# 0"# $%&# r(09%2K288%>;&+("7# %"# $&+# :%+28>;0)28-+6)&+-+0o%8# ^TE:# rX# Ce#

0"7&H&"$&2D#

J&+0"2H,+2("7#$&+#7&8&2A9%>;&"#J&+2+&2&+#("$#$&8#!()8%>;28+028#)6+#$%&#QXQ/I]"2&+907&"#

E%&#7&8&2A9%>;&"#J&+2+&2&+#8%"$#M&+0"2H,+29%>;#)6+#$%&#Q+82&99("7#$&+#QXQ/I]"2&+907&"#3%2#$&"#&9&12+,I

"%8>;&"#:%&$&+70<&"#$&8#=0;+&80<8>;9(88&8#("$#$&8#A(8033&"7&)0882&"#O07&<&+%>;28#"0>;#40NI 70<&#$&8#W#BFm#!<8D#C#X02A#a#P+D#C#Y*@D#

/&+"&+#8%"$#$%&#7&8&2A9%>;&"#J&+2+&2&+#M&+0"2H,+29%>;#)6+#$%&#%"2&+"&"#R,"2+,99&".#$%&#8%&#098#",2H&"$%7#

&+0>;2&".#(3#$%&#Q+82&99("7#$&+#QXQ/I]"2&+907&"#A(#&+3S79%>;&".#$%&#)+&%#M,"#H&8&"29%>;&"#?#<&0<I 8%>;2%72&"#,$&+#("<&0<8%>;2%72&"#?#J&+82SN&"#7&7&"#$%&#J,+70<&"#$&8#W#BFm#!<8D#C#Y*@#0"#$08#&9&12I +,"%8>;&#@&+%>;28),+302#8%"$D#

E%&#7&8&2A9%>;&"#J&+2+&2&+#8%"$#A($&3#M&+0"2H,+29%>;#)6+#$%&#Q%"+&%>;("7#$&+#QXQ/I]"2&+907&"#A(803I 3&"#3%2#$&3#@&82K2%7("78M&+3&+1#("$#$&3#<&%7&)672&"#7&-+6)2&"#=0;+&80<8>;9(88#("$#7&-+6)2&"#A(I 8033&"7&)0882&"#O07&<&+%>;2#8,H%&#H&%2&+&"#,))&"A(9&7&"$&"#]"2&+907&"#<&%3#@&2+&%<&+#$&8#@("I

$&80"A&%7&+8D#

E&+#!()8%>;28+02#%82#M&+0"2H,+29%>;#)6+#$%&#[<&+H0>;("7#$&+#Q+82&99("7#$&+#QXQ/I]"2&+907&"#098#'&%9#$&8#

V&>;"("789&7("78-+,A&88&8D#

J&+0"2H,+2("7#$&8#!<8>;9(88-+6)&+8#)6+#$%&#5+6)("7#$&+#QXQ/I]"2&+907&"#

]"8&+&#f%&98&2A("7#%82.#;%"+&%>;&"$&#X%>;&+;&%2#$0+6<&+#A(#&+90"7&".#,<#$%&#QXQ/I]"2&+907&"#)+&%#M,"#

H&8&"29%>;&"#?#<&0<8%>;2%72&"#,$&+#("<&0<8%>;2%72&"#?#J&+82SN&"#7&7&"#$%&#!"),+$&+("7&"#$&8#W#BFm#

!<8D#C#Y*@#8%"$D#:K;+&"$#$&+#5+6)("7#6<&"#H%+#-)9%>;27&3KN&8#Q+3&88&"#0(8#("$#<&H0;+&"#&%"&#

1+%2%8>;&#*+("$;092("7D#E0+6<&+#;%"0(8#

• %$&"2%)%A%&+&"#("$#<&(+2&%9&"#H%+#$%&#V%8%1&"#H&8&"29%>;&+#?#<&0<8%>;2%72&+#,$&+#("<&0<8%>;2%72&+#

?#J&+82SN&#7&7&"#$%&#!"),+$&+("7&"#$&8#W#BFm#!<8D#C#Y*@.#-90"&"#("$#)6;+&"#5+6)("78;0"$I 9("7&"#098#V&012%,"#0()#$%&8&#V%8%1&"#$(+>;#8,H%&#&+90"7&"#5+6)("78"0>;H&%8&.#$%&#0(8+&%I

>;&"$#("$#7&&%7"&2#8%"$.#(3#098#*+("$907&#)6+#("8&+#5+6)("78(+2&%9#A(#$%&"&"D#

• 7&H%""&"#H%+#&%"#J&+82K"$"%8#M,"#$&"#)6+#$%&#5+6)("7#$&+#QXQ/I]"2&+907&"#+&9&M0"2&"#%"2&+"&"#

R,"2+,99&".#(3#5+6)("78;0"$9("7&"#A(#-90"&".#$%&#("2&+#$&"#7&7&<&"&"#]382K"$&"#0"7&3&8I 8&"#8%"$.#L&$,>;#"%>;2#3%2#$&3#f%&9.#&%"#5+6)("78(+2&%9#A(+#:%+18031&%2#$%&8&+#R,"2+,99&"#0<A(I 7&<&"D#

• <&(+2&%9&"#H%+#$%&#2&>;"%8>;&#*692%71&%2#$&+#QXQ/I]"2&+907&".#$D;D#,<#$%&#$%&#QXQ/I]"2&+907&"#

&"2;092&"$&# E02&%# $%&# J,+70<&"# $&+# E&9&7%&+2&"# J&+,+$"("7# ^Q]e# FGCn`mC_# %"# $&+# A(3# !<I 8>;9(8882%>;207#7&92&"$&"#/088("7#0"#$%&#2&>;"%8>;&#X-&A%)%102%,"#)6+#$%&8&#E02&%#&+)6992D#

• <&(+2&%9&"#H%+.#,<#$%&#QXQ/I]"2&+907&"#&%"&#%";092879&%>;&#gY'4OI:%&$&+70<&#$&8#7&-+6)2&"#

=0;+&80<8>;9(88&8#("$#$&8#7&-+6)2&"#A(8033&"7&)0882&"#O07&<&+%>;28#&+3S79%>;&"#

L1+&'".3)'01").'",%M.3+$&-"5.GN.OP>3:+9C.

:%+#H(+$&"#M,3#!3287&+%>;2#/+0"1)(+2#03#40%"#03#CaD#=(9%#FGFC#098#!<8>;9(88-+6)&+#<&82&992D#:%+#H(+I

$&"#<&+&%28#03#F_D#=("%#FGFC#M,3#!()8%>;28+02#<&0()2+072D#:%+#8%"$#8&%2#$&3#*&8>;K)28L0;+#FGFG#098#

!<8>;9(88-+6)&+#$&+#'())#*+,(-#!*.#/+0"1)(+2#03#40%".#2K2%7D#

:%+#&+19K+&".#$088#$%&#%"#$%&8&3#@&82K2%7("78M&+3&+1#&"2;092&"&"#5+6)("78(+2&%9&#3%2#$&3#A(8K2A9%>;&"#

@&+%>;2#0"#$&"#!()8%>;28+02#"0>;#!+2%1&9#CC#Q]I!5+JZ#^5+6)("78<&+%>;2e#%"#Q%"190"7#82&;&"D#

?@)#$&'"+.?042*"+205$.>.9"+B")/()'./"#.!"#$%$&'()'#*"+,"+-#.

]"8&+#@&82K2%7("78M&+3&+1#%82#82&28#%3#f(8033&";0"7#3%2#$&3#7&-+6)2&"#=0;+&80<8>;9(88#("$#$&3#

Im Dokument TUFF Group AG Einzelabschluss für das Geschäftsjahr zum 31. Dezember 2020 (Seite 47-59)