Inefficiency and Social Exclusion in a Coalition Formation Game: Experimental Evidence

IHS Economics Series Working Paper 64

April 1999

Inefficiency and Social Exclusion in a Coalition Formation Game:

Experimental Evidence

Akiro Okada

Arno Riedl

Impressum Author(s):

Akiro Okada, Arno Riedl Title:

Inefficiency and Social Exclusion in a Coalition Formation Game: Experimental Evidence ISSN: Unspecified

1999 Institut für Höhere Studien - Institute for Advanced Studies (IHS) Josefstädter Straße 39, A-1080 Wien

E-Mail: o ce@ihs.ac.atffi Web: ww w .ihs.ac. a t

All IHS Working Papers are available online: http://irihs. ihs. ac.at/view/ihs_series/

This paper is available for download without charge at:

https://irihs.ihs.ac.at/id/eprint/1158/

Institut für Höhere Studien (IHS), Wien Institute for Advanced Studies, Vienna

Reihe Ökonomie / Economics Series No. 64

Inefficiency and Social Exclusion in a Coalition Formation Game

Experimental Evidence

Akira Okada, Arno Riedl

Inefficiency and Social Exclusion in a Coalition Formation Game

Experimental Evidence

Akira Okada, Arno Riedl

Reihe Ökonomie / Economics Series No. 64

April 1999

Akira Okada

Institute of Economic Research Kyoto University

Sakyo, Kyoto 606-(85)01, JAPAN

Arno Riedl CREED

Department of Economics and Econometrics University of Amsterdam

Roetersstraat 11, NL-1018 WB Amsterdam THE NETHERLANDS

Phone: ++31/20/525-4250 Fax: ++31/20/525-5283 E-mail: riedl@fee.uva.nl

Institut für Höhere Studien (IHS), Wien

Institute for Advanced Studies, Vienna

The Institute for Advanced Studies in Vienna is an independent center of postgraduate training and research in the social sciences. The Economics Series presents research done at the Economics Department of the Institute for Advanced Studies. Department members, guests, visitors, and other researchers are invited to contribute and to submit manuscripts to the editors. All papers are subjected to an internal refereeing process.

Editorial Main Editor:

Robert M. Kunst (Econometrics) Associate Editors:

Walter Fisher (Macroeconomics) Klaus Ritzberger (Microeconomics)

Abstract

This paper reports the results of experiments involving a 3-person coalition formation game with an ultimatum bargaining character. The grand coalition was always the efficient coalition decision, whereas the values of the 2-person coalitions are varied such that they lead to an efficiency loss in the range of 6.7 up to 30 percent. Furthermore, the 2-person coalition implies social exclusion, since the not chosen member always receives a payoff of zero. Consistent with results reported in the literature on 2-person ultimatum bargaining experiments, negative reciprocity (i.e. punishment of unfair offers) plays a crucial role in decision making. The hypothesis that selfishness and anticipated negative reciprocity by proposers together with actual negative reciprocal behavior of responders lead to inefficient outcomes and social exclusion is strongly supported by the data. It turns out that a huge majority of proposers choose the inefficient and unfair 2-person coalition. Proposer-induced efficiency losses vary between 5 and 20 percent, and one sixth to almost one third of the population is excluded from participation.

Keywords

Coalition formation, inefficiency, reciprocity, social exclusion

JEL Classifications

A13, C91, D61, D63

Comments

This paper is part of a research project on strategic bargaining and coalition formation financed by the Oesterreichische Nationalbank (Project number: 6933). It was also partially financed by CREST (Core Research for Evolutional Science and Technology) of Japan Science and Technology Corporation (JST), Asahi Glass Foundation, and the Oesterreichische Postsparkasse. We also thank the participants of the ESA 1998 meeting in Mannheim for their comments. A major part of the research was undertaken while the second author was at the Institute for Advanced Studies, Vienna.

The second author also thanks Jana Vyrastekova for invaluable research assistance.

Instructions and data set are available upon request.

"!#%$'&)(*#+&)-,.#/!0&210)3&)46587:9;)!0#=<#=< >

?=@BA CEDFHGJILKNMPORQ+STVUXWZY\[]UX^_Ya`b[Y\IdceWVUXfg[ihjOR[TBWVUXWVORQgkIlLWBMXWBORQ @d@m@d@n@d@m@d@d@ D

?=@o? pefqIirsYut)TZWBlL[]UXWVORQ_M"OvweIlLWVt_KXO/lLWVUyxz {_[WVKNQ_IMXMLz|[Q)}~G KXILvILKXIQ_lIgvOK\€‚ilLWVIQ2U

ƒ ^qUXlORYuIM„@m@n@d@d@m@d@d@m@n@d@m@d@d@d@m@n@d@m@d@d@d@m@n@d@m@d@d@m@d@n@d@m@d@d@ …

> †‡:9 #2]ˆ(*#/&)4Š‰#29 ‹

Œ †‡:9 #2]ˆ(*#/&)4 i#=<J4Z<

Ž @BA hjOR[TBWVUXWVORQgkIlLWBMXWBORQ_M%@d@d@m@n@d@m@d@d@d@m@n@d@m@d@d@d@m@n@d@m@d@d@m@d@n@d@m@d@d@ AA

Ž

@o? 6If_[=WBOKWBQ’‘/^_“_”R[YuIMŠ[]vUPILKeUXfqI•hjOR[TBWVUXWVORQgkIlLWBMXWBORQ–@d@m@d@d@m@d@n@d@m@d@d@ A Ž

Ž @oD rsQqIilLWBIQ_lx @n@d@d@m@d@d@m@n@d@m@d@d@d@m@n@d@m@d@d@d@m@n@d@m@d@d@m@d@n@d@m@d@d@ ?—

˜ ™"š4ˆ0<›0< ‹

œ i#=H#=#/R#2< )ž

à Ä

ÅdÆ\Ç.ÈJÉX

€;ilLWVIQ_lx8[Q_}’IÊ2^)WVUHx8[]KXI.Y\[ËPOKUXf_IYuIMWZQ8IlORQqORY\WZlLML@eCTBYuORMPU[TBT:Ov;MXlLWBIQšUXWÀÌldKXIMPI[]KÍlNf

lIQ2UPILKNMJORQnORQ_I OKJ“OUXfnOvqUXfqIYg@‚h6ORQ_MPIÊ=^qIQ2UXTVxzTVOUXM0Ov_MNlLWVIQšUXWVÌl‚IÎOKXUXMf)[I6“ILIQnt)^qU0WZQšUPO

KXIMXI[]KNlNf\[]“OR^qU‚fqOcÏUPOd}qIMXWB”RQ•WZQ_MPUXWVUX^qUXWBORQ_M0UXf)[]UTBI[}.UPOmIilLWVIQ2U;[Q_}.IÊ2^)WVUX[]“)TVIj[TBTVO/lL[]UXWVORQ_M

OvMXlL[]KNlIŠKXIMPOR^_KNlIML@‚pÐfqILOKXILUXWZlL[TqYuO=}_ITBM0OvIlORQqORY\WBlŠ}_IMXWV”RQ.[]KXIj“)[MPI}.ORQ.UXfqIŠ[MXMN^_Yut_UXWVORQ

Ov6KN[]UXWVORQ_[TZWVUHx’[Q)}%MPITÀÌMXf)QqIMXMOv|[]”IQ2UXML@uÑeOc|ILILKzJ“)[MPI}¸ORQÒ['Q=^_Y"“ILKbOv6IÓ=tILKNWZYuIQšUX[T

MPUX^)}_WVIMUXfqILKXIuWBMbQqOc„TBWVUPUXTVI.}qOR^q“_UbUXf_[]Ub“If_[=WVOKbOvjYuORMPUbtILOt)TVI.WBMbQqOUdMPORTVITBx8”R^_WB}qI}+“=x

MPITVÌMXf_QqIMNML@|rsQ+t)[]KXUXWBlL^_TZ[]KzqKXIlLWVt_KNO=lL[T0“If)[/WVOKf_[M“ILIQ’MXf_OceQ’UPOi“In[Q¸WBYutOKXUX[Q2Ue[Q_}

MPUX[]“TVI"KNIL”R^_TB[]KNWVUyx8^_Q_}qILKb}_WÀÎILKXIQ2UWZQ_MPUXWVUX^qUXWBORQ_[T:[]KXKN[Q_”IYuIQšUXM@dpÐfqI"Q_IL”RTVIlUbOv KXIlLWVt)KXO=lL[T

YuOUXWBIMgWBQÔUXfqI%MPUX[Q_}_[]KN}[]t_t)KXOR[lNfqIMg}_I[TBWBQq”ÕceWVUXfÊ2^_IMPUXWVORQ_MÖOvnIÖlLWVIQ_lx×[Q_}ÔIÊ=^_WVUyx

Y\[x×TVI[}×UPOÕcÐKNORQq”Òt_KXI})WBlUXWVORQ_MLzj[Q_}×UXfqILKXILvOKXI+UPOÕcÐKXORQq”~QqOKNY\[]UXWBI+lORQ_lLTB^)MXWVORQ_ML@ÔØ%I

[]KX”R^_IdUXf_[]UÐKXIlLWBt_KXO/lL[TYuOUXWVIMÐlL[Q+TVI[}'UPOÙWBQqIÖlLWVIQšUÐ[TZTVO=lL[]UXWBORQ_MjcefqILKXIdMXUX[Q_}_[]KN}'UXfqILOKNx

t_KNI}_WBlUXM;IÖlLWVIQ_lx@;{_^qKNUXfqILKNYuOKXIz=UXfqILx\TVI[}Ö[TBMPO"UPOnILKXxi^_QqIÊ=^_[T_}_WBMXUPKNWV“)^qUXWBORQ_MJOv0WBQ_lORYuI

}_^_ImUPOÙMPO/lLWB[TIÓqlLTB^_MXWVORQÖOv‚MPORYuI"YuIYn“ILKNMjOv‚[u”KNOR^qt:@

weIlLWVt_KXO/lL[TRYuOUXWVIMJlL[Q"“I;})WV=WZ}qI}mWBQ2UPOÐUHc6OeUyx2tIML@{WVKNMPULztORMNWVUXWVI;KXIlLWBt_KXO/lLWVUHxbWBMUXfqI|}qIMXWVKXI

UPO'KXILcj[]KN}¸Ú=WZQ_}’“If_[=WBOKcWVUXf’Ú/WBQ_})QqIMXML@m‘=UX^_}_WVIMORQ۔RWVvUIÓqlNf)[Qq”I\[Q_}¸UPKN^_MPUsFܔR[Y\IMb“2xz

I@ݔq@VzR{qIf_KzÞdWVKNlÍf_MPUPIWV”ILKz][Q_}"weWVI}_TßsAààD=z)AààáRâ:[Q)}"6ILKX”qzkbWBlXÚ/f_[^qULz[Q_}"ã+lhŠ[]“IbßsAàà—Râ

f_[IuMXfqOcQ’UXf_[]Ub”IQqILKNOR^_M“If)[/WVOKOvUPIQ¸UPKNWV””ILKNMKXIlLWBt_KXO/lL[T:KXIMPtORQ_MXIML@weIlIWVILKNMbOv [

”RWVvUeKNIMPtORQ_}g“=xg“IWZQq”u”IQqILKXOR^_MUPOÖUXfqI"MPIQ)}qILKeOv‚UXfqI"”RWVvULz[TVUXfqOR^_”Rf8UXf_WBMe“If_[/WVOKWZMeQqOU

WBQ'UXf_IWVKÐYuORQqILUX[]KXxgMPITBvZFHWBQ2UPILKXIMPUL@|‘/IQ_}qILKNMŠ[Q2UXWBlLWVt)[]UPImUXf)WBMjÚ=WZQ_}'OvKNIlLWVt_KXO/lL[T“If_[/WVOKÐ[Q_}

UXfqILKNILv›OKXI\[lUX^)[TBTVx+MXIQ_}%['”RWVvULzcef_WBlÍfÛc|OR^_TZ}¸Q_OUm“IuWBQ¸UXfqIWBKbMXITVvZFHWZQšUPILKXIMXUdWVv;UXfqILx¸IÓ=tIlU

UXfqI+KXIlIWVILKNMÙUPO*“IgKN[]UXWVORQ)[TeWBQäUXf_I’MPUX[Q_}_[]KÍ}ÏMPIQ_MPI@{qIfqKz`uå[lNf2UPILKze[Q_}×ÞdWVKNlÍf_MPUPIWV”ILK

ßsAààRæâÙt_KXIMXIQšU\IÓ/tILKNWBYuIQ2UX[TjIL/WB}qIQ_lI’MNfqOceWZQq”%UXf_[]UÙUXf_I8t_KXIMPIQ)lI8OvbKXIlLWVt_KXO/lL[TŠvOKNlIM

lL[Q¸TVI[}8UPOÖ[Q’WBQ)lKXI[MPInOvUXfqI•MPILUeOvIQqvOKNlI[]“)TBI"lORQ2UPKN[lUXMbWBQ8[\t)KNWBQ_lLWVt[T[]”IQ2UbMPILUPUXWBQq”q@

pÐf_ILx.MNfqOcÏUXf)[]U|WVvt)[]KXUXWVIM f_[IUXfqIÐtORMXMXWV“WBTBWVUyxmUPOnKXIlLWVt)KXO=lL[]UPIeUXf_WBM;TVI[})M‚UPO"QqORQqFHQqIL”RTBWV”RWV“TVI

IilLWBIQ_lx+”R[WZQ_ML@u{_^qKXUXf_ILKNYuOKXIz:UXf_ILx¸[TBMXOÖO“MPILKXIÙYuOKNIuIÊ2^_[TOR^_UXlORYuIMdUXf_[QÛt)KXI}_WBlUPI}

“=x’MPUX[Q_})[]KN}’UXf_ILOKXx’“)[MXI}’ORQ¸UXfqI.[MXMX^_Y\t_UXWVORQ+Ov MPITÀÌMNf’WBQ_lORY\I•Y\[3ÓqWBY\WBçLILKNML@pefqILxgÌQ_}

UXfqImMPUPKNORQq”IMPUŠIÎIlUXMÐWVv0MX^_“/ËsIlUXMjf_[IdQqOUjORQ_TVx\UXf_IOt)tOKNUX^_Q_WVUyxuUPOuKXILc6[]KÍ}iÚ/WBQ_}i“If_[/WVOK

“)^_U[TBMXOÖWVv UXfqILx+lL[Q¸t)^_Q)WBMXf8“If_[=WBOKUXfqILx+tILKNlIWVIu[Mb^_Qqvˆ[WVK@bpÐfqI.TB[]UPUPILKdWBMb[TBMPO'lL[TBTVI}

QqIL”R[]UXWBInKXIlLWVt)KXO=lLWBUHxzqUXfqInMXIlORQ_}gUHx=tIdOvJKXIlLWVt_KXO/lL[T“If_[/WVOK@

ƒ “MPILKX][]UXWVORQ_MOv)QqIL”R[]UXWVIjKXIlLWVt)KXO=lLWBUHxdY\[WBQ)TVxmlORYuIjv›KXORYèUXfqIjf2^_”I|“O/}qxmOv_IÓ/tILKÍWBYuIQ2UXM:ORQ

^_TBUXWBY\[]UX^_Yè”R[YuIMLzRWBQ)WVUXWB[]UPI}"“2xdUXf_I6MPIYÙWBQ_[T2t)[]tILKOv`Öå^qUXfz2‘/lÍf_Y\WVUPUP“ILKX”ILKz][Q_}\‘/lÍfšcj[]KXçLI

ßsAàá?RâÍ@%rsQÕ^)TVUXWBY\[]UX^_Yé”R[YuIMuMX^q“qËsIlUXM•[]KXIÖceWBTBTBWZQq”'UPO¸vOKX”OÛYuORQqILx*WZQ_lORYuIiWZQÒOKN}qILK.UPO

t)^)Q_WBMXf’t_KXOtORMPILKNMcefqO'Y\[}qI.^_Qqvˆ[WVKeO]ÎILKNML@"‘q^q“/ËPIlUXMcfqOÖY\OI.Ì)KNMXUMPILIYêUPOg[Q2UXWBlLWVt)[]UPI

UXf_WZM|“If_[=WBOK6[Q_}'Y\[]ÚImO]ÎILKNMjcef)WBlNfÖ[]KXIbORQ_TVxÙMNTBWV”Rf2U|}qIL/WB[]UXWVORQ_M6vKXORYëUXfqIIÊ2^_[TMXt)TBWVUßvOK

[Q+OILKX/WVILcìORQ8IÓ/tILKNWBYuIQ2UX[TIL/WB}qIQ_lInWZQ8^_TVUXWBYÙ[]UX^_Yí”R[YuIMMPILIzI@ݔq@VzweOUXf~ßsAàà—RâÍz[Q_}

hj[Y\ILKXILK•[Q)}ÕpÐf)[TVILKißsAàà—RâPâÍ@%pÐfqIÙMXUX^_}_WVIMn“2xÒweOUXfz‚G;KN[MXQ)WVÚ3[]Kz

ƒ

Ú/^_QqO]FH{)^3ËPWBc6[]KN[/z[Q_}

î [YÙWVK.ßsAàà/AâÍzJG;KN[MNQ_WVÚ][]K[Q_}ÛweOUXfÏßsAàà?RâÍz[Q_}Ò`Öå^qUXfÛ[Q_}¸][Q%kb[Y\YuI8ßsAààáRâbMX^qt)tOKNU

UXfqI¸fšx=tOUXfqIMXWBM.UXf)[]UÕïsvˆ[WVKNð%t_KNOtORMN[TBM\[]KXI’Q_OUiYuOUXWV][]UPI}-“2xäWBQ2UPKNWBQ_MNWBlÙvˆ[WVKNQ_IMXMLz6“)^qUu“=x

[lU\MPITÀÌMXf_TVx%^_Q_}_ILK"UXfqIglORQ_MXUPKN[WBQ2U•OvQqIL”R[]UXWVIgKXIlLWBt_KXO/lL[T|KNIMPtORQ_MPIM"“2xÕKXIMPtORQ_}qILKNM@¸rsQ

^_TVUXWZY\[]UX^_Yõ”R[YuIMiUXfqI’t)KXIMPIQ_lI8OvmQqIL”R[]UXWBI+KXIlLWBt_KXO/lLWVUHxöQqOU\ORQ_TBxöTBI[}_MuUPOÕY\OKXI’IÊ=^_[T

OR^qUXlORYuIMÐUXf_[Q't_KXI}_WZlUPI}'“2xi”R[YuImUXfqILOKXxzq“)^_Uj[TZMPO.UPO\WBQqIilLWVIQ)lLWVIMj}_^qIbUPOuUXfqIbKXI÷ËPIlUXWVORQ

OvdtORMXWVUXWBI+O]ÎILKNML@ørsQ×t)KNWBQ_lLWVtTVIzŠfqOc6ILILKzUXfqIMPI%WBQqIilLWBIQ_lLWVIMÙlL[Q“I+OILKNlORYuI*cefqIQ

t_KXOtORMPILKÍMjIÓ/[lUXTVx'Ú/QqOcèUXfqImKXIMPtORQ_}_ILKNMLù/UXfqKXIMXf_ORTB}'3[TZ^qI@

Ø%I.[]KX”R^qInUXf)[]U^_Q_}_ILKeKXI[MPORQ)[]“)TVInWBQ)MPUXWVUX^qUXWVORQ)[TlORQ_}_WVUXWVORQ)MÐUXfqI"t_KXIMPIQ_lInOv;QqIL”R[]UXWVI•KXIlLWÀF

t_KXO/lLWVUyx\TVI[}_MjQqIlIMXMX[]KÍWBTVx.UPO'ú›ûüþý×ÿLúÜüûÜÿ Ùüm[Q_}ÿú:üšÿÍú]û_z/cef)WBlNfÖlL[Q'QqOU|“I

OILKÍlORYuIm“2xilORYut)TVILUPImWBQqvOKNY\[]UXWBORQÙlORQ_}_WBUXWVORQ_ML@p0O.UPIMPUjUXf_WZM|f2x2tOUXfqIMNWBM;c6ImWBYut)TVIY\IQšUPI}

vOR^qKIÓ/tILKNWBYuIQ2UX[T0lORQ)}_WVUXWVORQ_MeceWVUXf_WZQgUHc6O'UPKXI[]UXYuIQ2UXML@m€ [lNfÛUPKNI[]UXYuIQšUmlORQ_MNWBMPUPI}+Ov;UHc6O

t)f_[MXIML@ rsQgI[lNf+t)f_[MXIdceWVUXf_WZQÖ[ÙUPKXI[]UXYuIQ2Uet_KNOtORMXILKNMÐf_[}gUPOÖlNfqO=ORMPI"“ILUyc|ILIQ+[iDF|[Q)}’[

?FÜtILKNMPORQ+lOR[TBWVUXWVORQ@Š‘/WBQ_lImc6InWBY\t)TVIYuIQ2UPI}8MPUPKXORQ_”RTVxÖMN^qtILKPFH[}_}_WVUXWBI”R[Y\IMLz)UXfqI.DFÜtILKNMPORQ

lOR[TBWVUXWBORQäc6[Mi[TVcj[x/M\UXfqIgORQ_TBxÕIilLWBIQšUÙlOR[TZWVUXWVORQÏ}qIlLWZMXWVORQ@äpÐfqILKNI[]v›UPILKzjt_KNOtORMXILKNMuf_[}

UPOÛY\[]ÚIÖ[+t_KXOtORMX[T|fqOcëUPOÛ}_WV/WB}qIuUXfqIi3[TB^_IÙOvŠUXfqI'lOR[TBWVUXWVORQ*“ILUHc6ILIQ~f_ILKNMPITVvŠ[Q_}ÕUXfqI

lNf_ORMPIQöKXIMPtORQ_}qILK3߈MÍâÍ@

ƒ

Q)TVxÒWVvÐ[TBT6lNfqORMXIQÕKNIMPtORQ_}qILKNM"[lLlILt_UPI}äUXfqIÖt_KXOtORMPI}~[TBTVO/lL[]UXWVORQ

cj[MmWBYut)TVIY\IQšUPI}@

ƒ

UXfqILKNceWBMPI"ILILKXx2“O/}qx8I[]KNQ_I}¸Q_OUXf_WBQq”q@mpÐfqI•KXIMPtORQ_}_ILKcef_Oicj[MmQqOU

lNf_ORMPIQ’cj[MÐIÓqlLTB^_}_I}gv›KNORY UXfqId“[]KX”R[WBQ_WBQ_”•”R[Y\I"[Q_}’I[]KNQqI}’Q_OUXf_WBQq”\WVKNKXIMPtIlUXWVImOvUXfqI

“If_[/WVOK‚OvUXfqIŠOUXfqILK;”KNOR^qt\YuIY"“ILKÍML@JÑIQ_lIz2cefqIQqILILK;[mt)KXOtORMPILKOt_UPI}uvOK;[n?FÜtILKNMPORQ

lOR[TBWVUXWBORQÒMXfqIÙ[lUXWBITVx%}qIlLWB}qI}%vOK"[QÕWBQqIilLWBIQšUd[TBTBO=lL[]UXWVORQ*[Q_}ÒUXfqIÙIÓ/lLTB^)MXWVORQ%OvjORQqI\Ov

UXfqIitOUPIQ2UXWB[T|t)[]KXUXQqILKÍML@8pÐfqIiv›OR^qK"IÓ=tILKNWZYuIQšUX[T|lORQ_}_WVUXWBORQ_MdORQ_TBx¸][]KNWVI}ÕWBQÒUXf_Iِ][TB^qIÙOv

UXfqIÙ?FÜtILKNMPORQ*lOR[TBWVUXWVORQ@.rsQ%t)f_[MXIuORQqIuOv|OR^_KmÌ)KNMPUbUPKXI[]UXY\IQšU'ßcef_WBlÍfÛc|I\cWBTBTJ[]“_“_KXIL/WB[]UPI

“=xÖpdA Fy?á šâŠUXfqIb3[TZ^qImOv0UXfqIn?FÜtILKNMXORQglOR[TBWVUXWVORQ'cj[MeàDoD¤OvJUXfqIm][TB^qIbOvJUXfqInDFÜtILKNMPORQ

lOR[TBWVUXWBORQ@r÷QiUXfqIbMPIlORQ_}Öt)f_[MPIOv:UPKXI[]UXYuIQ2UjORQqIu߈pdA FNA? šâjWVU|c6[M6ORQ_TVx Ž Ov:UXf_I][TB^qI

Ov0UXf_ImDFÜtILKNMXORQÖlOR[TZWVUXWVORQ@‚rsQÖUXfqImMPIlORQ_}ÖUPKXI[]UXYuIQ2UÐUXfqIb][TB^qIM6Ov0UXfqId?FÜtILKNMPORQ'lOR[TBWBUXWVORQ_M

c6ILKXI•æíWZQ't)f_[MPImORQqIÖ߈pe?Fy?/AšâÐ[Q)}’áDoDíWBQ'tf_[MPImUHc6O¸ßˆp?Fy?— šâÍ@

pÐfqIeKXIMX^_TVUXMOv:[TZT_lORQ_}_WVUXWBORQ_M‚MPUPKXORQq”RTBx.WZQ_}_WBlL[]UPIŠUXf_[]U t_KXOtORMPILKNMLù“If_[=WBOK f_[M;“ILIQٔR^_WB}qI}

“=x~MPITVÌMXfäYuORQqILxöY\[3ÓqWBY\WVç[]UXWBORQä[Q_}ä“=x~[Q2UXWBlLWVt)[]UPI}×QqIL”R[]UXWVI8KXIlLWBt_KXO/lLWVUHx@ÏpÐf_IgIÓ=tIl F

UX[]UXWVORQ*OvŠt_KXOtORMPILKNMmUXf)[]Un^_Qqvˆ[WVKdO]ÎILKNMdcWBTBT“Iut)^_Q_WZMXfqI}¸“2xÛKXI÷ËPIlUXWVORQ*c6[M•lORQ/Ì)KNY\I}%“2x

KXIMPtORQ_}_ILKNMLù“If_[/WVOK@\Ø%IiO“)MPILKXIÙUXf_[]UnWBQ%pdA Fy?á ¸[Q_}Òp?Fy?— +[8f=^q”IÙYÙ[ËsOKNWBUHxÏ߈^qt

UPOgà/A\âjOv;t)KXOtORMPILKNMŠOt_Uv›OKUXfqI.?FÜtILKÍMPORQ+lOR[TZWVUXWVORQ@ŠpÐfqILxgUXf_ILKXIL“2xgIÓqlLTB^_}_In[TBYuORMPUORQqI

UXf_WVKÍ}ÒOveUXf_IitOt)^_TZ[]UXWVORQÒvKXORY t)[]KXUXWBlLWBt)[]UXWVORQ~[Q_}ÕTBI[IgUXfqIY ceWVUXf~[¸t)[xO]ÎÔOveçLILKXOq@%rsQ

[}_}_WBUXWVORQz_UXf_WZMTVI[})MÐUPOÖIilLWVIQ_lx’TBORMXMPIMWBQ8UXfqI"KN[Qq”I•Ov —Ù^_t’UPOÛA—ÙtILKNlIQ2UL@ÐrsQ+p?Fy?/A

MPUXWBTZT[]“OR^qUÐf)[TVv0UXfqImt)KXOtORMPILKNMŠlNf_O2ORMPInUXfqIdWBQqIilLWBIQšUÐ[Q_}g^)Qqv[WBKŠ?FÜtILKNMXORQ8lOR[TBWVUXWVORQ:@;pÐf_WBM

WBYutTBWVIMÐUXf)[]Ud[]“OR^_UORQqI\MNWÀÓ=UXf¸Ov|UXfqI.tOt^_TB[]UXWVORQ¸WBMIÓ/lLTZ^_}qI}@dpÐf_I•[lUX^_[T;IilLWVIQ_lx¸TVORMXM

WBQÛUXf_WZMdlORQ_}_WVUXWBORQÒTBWVIMb“ILUHc6ILIQÔADg[Q_}*? ’tILKÍlIQšUL@

ƒ

Q_TVx¸WBQÒpdA FNA? ¸}qO8c6I\O“)MPILKNIÙQqO

MPO/lLWB[TIÓqlLTB^_MXWBORQÖ[Q)}8QqO\WBQqIÖlLWVIQšUÐlOR[TZWVUXWVORQ8}qIlLWZMXWVORQ_ML@

G;KNOtORMXILKNMLù2[M|c6ITBT)[M6KXIMPtORQ_}_ILKNMLùR“)[]KN”R[WBQ_WBQq”m“If_[=WBOK|ceWBUXf_WBQ\?F‚[Q_}ÖDFÜtILKNMXORQilOR[TBWBUXWVORQ_M

WBMŠILKNx8Y"^_lÍf’WBQgTZWBQqImceWVUXf8KXIL”R^_TB[]KNWBUXWVIMjÚ=Q_OceQ’v›KXORYa?FÜtILKÍMPORQ’^_TBUXWBY\[]UX^_Y¤”R[YuIM@6rsQg“OUXf

lOR[TBWVUXWBORQ_M KNIMPtORQ_}qILKNM|t)^_Q_WZMXf\^_Qqvˆ[WVK|O]ÎILKNMj“=x\KXI÷ËPIlUXWVORQ'[Q_}ÖUXfqIt_KXO“)[]“WBTBWVUyx•UXf)[]Uj[QÖO]ÎILK

WBMb[lLlILt_UPI}ÕWBQ_lKXI[MPIMceWBUXf+UXf_I\MXWVçLI•Ov|UXfqI.O]ÎILK@nrsQÒ?FÜtILKNMPORQÛlOR[TBWVUXWBORQ_Mbt_KXOtORMPILKNM[ILKXF

lORQ_})WVUXWVORQ_ML@ØWVUXf_WBQ¸DFÜtILKÍMPORQÛlOR[TBWVUXWVORQ_Mzt_KNOtORMXILKNMeO]ÎILKmORQÛ[ILKN[]”IÙI[lNfÛOv;UXfqI.Uyc|O'KXIF

MPtORQ_}_ILKNMe[]“OR^qUbD Ov‚UXf_I"][TB^qI"Ov‚UXfqI•lOR[TZWVUXWVORQ@epefqI"}_WZMX[]”KXILIYuIQ2UKÍ[]UPIMWZQ+DFÜtILKNMPORQ

IQ_lOR^)QšUPILKNMÖ[]KXI¸MXTBWV”Rf2UXTVxÕf)WV”RfqILK\UXf_[Q-WBQ×?FÜtILKNMPORQד)[]KX”R[WBQ)WBQq”q@-{)^qKXUXfqILKNY\OKXIzŠt_KXOtORMPILKNM

IÓqf_WV“)WBU|QqO•t_KXILvILKXIQ_lIv›OKjORQqIOv0UXf_IUyc|OuKXIMXtORQ)}qILKNMLz=QqIWVUXfqILK6cefqIQiUXfqILxilÍfqO=ORMPIbORQ_TVxuORQqI

KXIMXtORQ)}qILK[MbUXf_I"“)[]KN”R[WBQ_WBQq”it)[]KXUXQqILKmWBQ+UXfqI\?FÜtILKNMPORQÛlOR[TBWVUXWBORQ¸Q_OKcfqIQ+YÙ[]Ú=WBQ_”iO]ÎILKNM

WBQ'UXf_I"DFÜtILKNMPORQ8lOR[TBWBUXWVORQ@

rsQÕMN^_Y\Y\[]KXxzUXfqIÖ}_[]UX[ÛMX^q””IMPU•UXf_[]U! #"$ ü"&%Íü'(]ü)ü*+',-.]û#/0]ûˆúþÿLú1 Hü8ûü32,ˆú4(ü

"XüXÿú5 #"$ÿú6-798:'/ü-;6'qü"Xü< "Pü="$6'/ü"eÿ' Lü>]û\úûüˆý×ÿúþüLû?]û#/@/û<ú4"A 6Bÿˆú]ûDCE'šúˆÿ';2Rú4(ü

6'/üFG'šúH2 'qü"JI÷ü qüNÿHüK/LM N -POQ6'ûR]ûÛüˆý×ÿLúÜüû#]û#/A<]ú6"Pü"@ 4Hÿˆúû#7S8:'/ü"üK qüXÿ3ˆúû

P<Ùûü32,ˆú4(üT"PüNÿLú1 #"PÿLú-+ú4Ùÿ]û*U"ÙüK/.%-V"Xü3 N]û#/šü"W%Íü' (ú"7X8#K22ü6'/ü")6'/üü9"Xü32B " úˆúþü

BüK/D3iúûüˆý×ÿúþüLûY 4HÿˆúûNG]ûZ/Sÿú üKšÿ ú]ûZ7

pÐf_I KXIMPUJOv_UXfqI6t)[]tILKWBM:OKX”R[Q)WVçLI}.[MvORTBTVOceM[:rsQ"UXfqI6Q_IÓ=UMPIlUXWVORQ"c|Ijt_KNIMPIQšUUXfqI6”R[YuIjc|I

f_[ImWBYut)TVIY\IQšUPI}iWBQ\UXfqITB[]“OKN[]UPOKXx\WBQiYuOKXI}qILUX[WBTþ@Ø%Im[TBMPO•}_WBMXlL^_MNM‚UXfqIbMPUX[Q_}_[]KN}ٔR[YuI

UXfqILOKNILUXWBldt_KNI}_WBlUXWVORQg[Q_}’tORMXMXWV“)TBIWBY\t)TBWBlL[]UXWVORQ)M|OvKXIlLWBt_KXO/lLWVUHxzv[WVKÍQqIMXMLz_[Q_}’[ut_KXILvILKXIQ_lI

vOK8IilLWVIQ2UgOR^qUXlORYuIM@ír÷QñMPIlUXWBORQ´D~c|I%t)KXIMPIQ2UgUXfqI%IÓ=tILKNWZYuIQšUX[TmMXILUX^qt:@ ‘=IlUXWVORQ Ž

t_KNIMPIQšUXMm[Q)}%}_WBMXlL^_MNMPIMeUXf_IuKXIL”R^_TB[]KNWBUXWVIMWZQ+UXf_I.})[]UX[/@•pÐf_I"ÌQ_[TMPIlUXWVORQ%MX^_YÙY\[]KNWVçLIMb[Q_}

lORQ_lLTZ^_}qIML@

\ ]_^

a`cbed FbÐ.Ægf ^

b+h"ÉXÅibejlknmpo֊

^

;

qErts uwv#xyGz|{,}~€ƒ‚0„…†ˆ‡_‰Z…ŠU‡ ‹R‰i‡_zŒ†…ŽQ‰S~?‰i„t†…†3~:€Q‘’z“N†t}†ˆ~:€

ÑILKXInc6In}qIMNlKNWV“Ib“_KNWVI”)xiUXfqIdKN^)TVIMŠOvUXfqId”R[YuI"t)TB[xI}8“=xiOR^qKMX^q“/ËPIlUXML@|ryUeWZMÐ[ÙDFÜtILKNMPORQ

^_TBUXWBY\[]UX^_Y¢”R[YuIuUXf_[]UdWZMIÓ/UPIQ_}qI}ғ2x¸[glOR[TBWVUXWVORQÛ}qIlLWBMNWVORQÛY\[}qIu“=x’UXfqI.t_KXOtORMPILK@"pÐfqI

MPIÊ=^qIQ_lInOvJUXf_Imt)TB[x'WBMjUXfqInv›ORTBTBOceWBQ_”g߈MXILIn[TBMPOu̔R^qKXIuAâ[

A]@pÐfqI• Z"P NLü"@– }qIlLWZ}qIMÐcef)WBlNf8lOR[TZWVUXWVORQ¸MXfqIdcj[QšUXMUPOÖlNfqO=ORMPI@b‘qfqInf_[MeUXfqI•lÍfqORWBlI

“ILUyc|ILIQ¸[Ù?FÜtILKNMPORQ~߈MXY\[TBTâ6[Q_}gUXfqI"DFÜtILKNMXORQ*ߔKN[Q_}âŠlOR[TBWVUXWVORQ@6pÐfqIm”KN[Q)}8lOR[TBWÀF

UXWVORQÒf_[Mm[g][TB^qI.Ove—Ùߖe˜K™uA ˜K™d?RâÍzcef_ILKXIJ™uAu[Q_}’™d?'MPUX[Q_}_Mdv›OKJ"Xüˆ ]û#/šü")š~[Q_}

"Pü3 ]ûZ/šü"G›Rz_KNIMPtIlUXWVITVx@|pefqIm3[TZ^qImOvUXfqI"?FÜtILKNMPORQ8lOR[TZWVUXWVORQz_}qIQ_OUPI}l—iߖA˜K™;œ÷âÍz

WBMÐMPUPKNWZlUXTVxiMXYÙ[TBTVILKŠUXf_[QgUXf_Id3[TZ^qImOvUXf_Id”KN[Q_}8lOR[TZWVUXWVORQ@

?=@CevUPILKU–ñf_[M‚Y\[}_Ijf_ILK;lOR[TBWVUXWVORQzR}_IlLWBMXWVORQ.MXfqIŠf_[MUPOdYÙ[]ÚIÐ[bt_KXOtORMX[T=fqOcÏUPOd})WV=WZ}qI

UXfqId][TB^qImOvJUXfqInlOR[TBWVUXWBORQg“ILUHc6ILIQ’fqILKe[Q)}'UXfqIiÿ'LüLû¸“[]KX”R[WBQ_WBQ_”•t[]KXUXQqILK߈MÍâÍ@

߈[šâ'ryv/MXfqI;f_[M0lNfqORMPIQnUXfqI;”KN[Q)}mlOR[TBWVUXWVORQz3MXfqI;f_[M:UPOeY\[]ÚI [Št)KXOtORMX[T_ß6#žŸ˜$Z ?¡˜$Z #¢â

ceWVUXfWZžD£¤¥ i¡¦£§Z #¢•¨_—iߖA˜K™uA ˜K™d?RâjUPO\“OUXfgKNIMPtORQ_}qILKNML@

ߓâiryv)MNfqI|f_[MOt_UPI}•vOK[b?FÜtILKNMPORQ•lOR[TBWVUXWVORQ:z]MNfqI|f_[MJUPObY\[]ÚIŠ[et)KXOtORMX[Tß6 ž ˜$  |©â

ceWVUXfW ž £¤  |© ¨_—iߖA˜K™;œ÷âŠORQ_TVxiUPO\UXfqInlÍfqORMPIQ8KNIMPtORQ_}qILKe™;œX@

D=@eryv=™uAÖf_[M•“ILIQÕlÍfqORMPIQö[M.[+Y\IYn“ILK.OvÐIWVUXfqILK•UXfqI֔KN[Q_}ÕOK.UXfqIÖMNY\[TBT6lOR[TBWVUXWVORQz

fqI"f_[MUPO'}qIlLWB}qI"cefqILUXfqILKUPOÖ[lLlILt_UbOKUPOÙKXI÷ËPIlUUXfqI"t)KXOtORMX[Tþ@jryv;f_I"f_[MQqOUe“ILIQ

lNfqORMPIQ:zfqIdf_[MeQqOUXf_WBQq”.UPOÙ}_IlLWB}qImORQ@

Ž

@{qOK>™d?•UXf_InMX[YuIdfqORTZ}_MŠ[MÐvOK=™uA]@

{WV”R^qKXIuA [

pÐf_I•t[xO]ÎMd[]KXI\[TBTVO/lL[]UPI}%[MbvORTBTVOcM[•ßˆW›âer÷v¬–íf_[MmlÍfqORMPIQÛUXfqIu”KÍ[Q_}ÛlOR[TBWVUXWVORQ%[Q_}­%6'

KXIMXtORQ)}qILKNMDRÿNÿ üt Z"UXfqIÖt_KXOtORMX[T|UXfqIQö[TBT tTB[xILKNM•KXIlIWBIÖUXf_IWVK•MNf_[]KXIM.[lLlOKN}_WBQ_”+UPOÛUXfqI

t_KNOtORMN[Tþ@‚ryvJIWVUXfqILKeORQqImOKe“OUXf't)TB[xILKNM@"Xü®üXÿ6UXfqIdt_KXOtORMX[TQ_O“O/}qxiI[]KNQ_MÐ[Q2x2UXf)WBQq”q@e߈WBW›â

r÷v+– f_[MeOt_UPI}’vOK[Ö?FÜtILKNMPORQ8lOR[TBWBUXWVORQ’[Q_}6'/üuÿ'LüLû%KXIMPtORQ_}qILK!šÿNÿÍü¯ Z6"UXf_Int_KXOtORMX[T

UXfqIQ’UXfqIMPI"UHc6OÙt)TB[xILKNMÐKNIlIWVInUXfqIWBKeMXf_[]KXIM[lLlOKN}_WBQ_”\UPOÙUXfqI"t_KXOtORMX[Tþ@ ryv‚fqI9"Xü®üXÿ6nUXfqI

t_KNOtORMN[TŠ“OUXfäI[]KNQ×Q_OUXf_WBQq”q@×pefqI8KXIMPtORQ_}_ILKucefqOÒf_[MiQqOU\“ILIQ×lÍfqORMPIQ×[TBc6[x=MiI[]KNQ_M

QqOUXf)WBQq”’߈WBQ_}_ILtIQ)}qIQšU6OvUXfqImt_KXOtORMX[TYÙ[}qIn[Q_}'UXfqInKXIMPtORQ_MPIb“=xÖUXf_ImOUXfqILKeKXIMXtORQ)}qILK âÍ@

CTBT6UXf_WBMuWBQ_v›OKNYÙ[]UXWVORQÕWZM.Ú=QqOceQöUPOÒ[TBT6t)TB[xILKNMLz6[Q_}ä[TBT6t)TB[xILKNM\[]KXIgWBQqvOKNYuI}ö[]“OR^qU.UXfqI

}qIlLWZMXWVORQ'OvJUXfqImOUXfqILKetTB[xILKNM@;ÑeIQ_lIzWVUÐWBMŠ[u”R[YuInOvtILKXvIlUÐ[Q_}glORYut)TBILUPInWBQqvOKNY\[]UXWVORQ:@

6xäc6OKXÚ=WZQq”%“)[lXÚ=cj[]KN}_MLzŠWVUÙlL[QדI8I[MXWBTVxöMPILIQ×UXf_[]UÙUXf_WZMu”R[YuI+f)[MÙ[Ò^_Q)WBÊ2^_I'MN^q“_”R[YuI

tILKXvIlUIÊ=^_WBTZWV“_KNWB^)Yêßt[xO]Î6âÍ@nh6ORQ_MXWZ}qILKÐÌ)KÍMPUeUXfqI.lL[MPI.cefqILKNIp–ëf_[MblNfqORMPIQ¸UXfqIuDFÜtILKNMPORQ

lOR[TBWBUXWVORQd[Q_}df)[M0Y\[}qI|MPORYuI;t_KNOtORMN[T_ß6 ž ˜$  ?¡ ˜$  #¢ âÍ@;h6ORQ_MXWB}_ILK?™d?jQqOc~[Q_}d[MXMX^)YuI;UXf_[]U

™uAf_[M KNI÷ËsIlUPI}ÖUXfqIt_KXOtORMX[T_Y\[}_Ie“=xuUXfqIet_KNOtORMXILK@rsQiUXf_[]U|lL[MPIz/UXfqIMPIlORQ_}iKXIMPtORQ_}qILK

WBMŠWZQ_}_WÀÎILKXIQ2U|“ILUHc6ILIQ8[lLlILt_UXWZQq”Ù[Q_}'KXI÷ËPIlUXWBQq”qzq“IlL[^_MXIdWBQ'[Qšx'lL[MPInfqIbceWZTBT)”ILUQqOUXf_WBQq”q@

° OcìMX^qt_tORMPIbUXf_[]UÐUXf_ImÌ)KNMPUjKXIMXtORQ)}qILKÐf_[MÐ[lLlILt_UPI}+UXfqIdt)KXOtORMX[TY\[}qId“=x)–\@ pÐfqIQW™d?

ceWZTBT/[TBMPOn[lLlILt_Uj[M TBORQq”d[M f_WZM;MXf_[]KXIÐWZM;QqORQ_QqIL”R[]UXWBIz=Wþ@ÝI@Vz=[M TVORQ_”d[MZ #¢•±²/@+™uAŠcWBTBT/[TBMPO

[lLlILt_U6UXfqIt_KXOtORMX[Tq[M6TVORQq”n[M6f_WBM‚MXf)[]KXIWBM []U|TVI[MPU|çLILKXOÖß6¥ i¡e±³šâÍ@

¡

`bWVIQ\UXf)WBM‚“If_[/WVOK

OvKXIMPtORQ_}_ILKNMUXfqIГIMPU;UXf_IÐt_KXOtORMPILK lL[Qi}qOnWBM;UPO"}qIY\[Q)}.UXfqIecef_ORTVIŠt)WVIM—iߖA˜K™uA ˜K™d?Râ;v›OK

fqILKÍMPITVv/[Q_}dO]ÎILK¦eUPOe“OUXfdKNIMPtORQ_}qILKNML@ÑeIQ_lIzWBQdUXfqI|MX^_“_”R[YuI MPUX[]KNUXWBQq”e[]vUPILKUXf_I;t_KXOtORMPILK

f_[MbOt)UPI}Ûv›OKd[8DFÜtILKNMPORQÛlOR[TBWBUXWVORQÛIÓ/WZMPUXMm['^_Q_WBÊ=^qI"MN^q“_”R[YuI.tILKXvIlUmIÊ2^_WZTBWV“_KNWZ^_Y¤cefqILKXI

–E}qIY\[Q)}_M UXf_Icef_ORTVIet)WBIevOKjf_ILKNMPITVv[Q_}֓OUXfÙKNIMPtORQ_}qILKNM|[lLlILt_UL@

¢ °

Ocñ[MXMX^_Y\IUXf_[]UY–

f_[MjlÍfqORMPIQ'UXfqIm?FÜtILKNMPORQÖlOR[TBWVUXWVORQÖceWVUXfS™;œÐß6œE´EA ˜N?Râ6[MjfqILKj“)[]KX”R[WZQ_WBQq”dt[]KXUXQqILK@ ‘/WBQ)lIM–

[Q_}T™;œ[]KXIÐtTB[x/WBQq”m[QÙ^)TVUXWBY\[]UX^_YE”R[Y\IeUXfqIÐ^_Q)WBÊ2^_IjMN^q“_”R[YuIÐtILKXvIlU‚IÊ=^_WBTBWV“)KNWB^_YèWBYut)TBWBIM

UXf_[]U"UXfqIut_KXOtORMPILK"}qIY\[Q_}_MdUXfqI\cefqORTBIut)WVIT—ÖߖA˜K™;œ÷âvOK"fqILKÍMPITVv÷z0TVI[/WBQq”V™;œ[gt)[xO]ÎÏOv

çLILKXOgcf_WBlNf¸fqI•ceWBTBT[lLlILt_UL@.‘qWBQ_lInUXf_I•][TB^qI•Ov UXf_Iu?FÜtILKNMXORQ¸lOR[TZWVUXWVORQÛWBMMPUPKNWBlUXTVx+MXY\[TBTVILK

UXf_[Q-UXfqI8][TB^qI’OvmUXfqI¸DFÜtILKNMPORQ-lOR[TBWVUXWVORQ:z6UXf_I+^_Q_WZÊ2^qIg“IMPUÙKXIMPtORQ_MPIgvOKiUXf_I8t_KXOtORMPILK

WBMdUPO8Ot_UdvOKdUXfqIiDFÜtILKNMXORQÒlOR[TBWVUXWVORQ:@\ÑeIQ_lIzJ”R[YuI\UXf_ILOKXxÛt_KXI}_WBlUXMbUXf)[]U!– lÍfqO2ORMXIMdUXfqI

DFÜtILKNMPORQ¸lOR[TBWVUXWBORQ¸[Q)}+Y\[]ÚIMUXfqI•t_KXOtORMX[T6ß6Zµ

ž

˜$Zµ

 ?¡

˜$¥µ

 ¢

âA´¤ß3—iߖA˜K™uA ˜K™d?Râ˜K˜Kšâbcf_WBlNf

WBMe[lLlILt_UPI}8“=x'“OUXf'KNIMPtORQ_}qILKNML@

¶3·?¸º¹3»¯¼:½¬¾¿ ÀÁiÀ¯ÂP»Pù3»PÄ>Àü3ÅÃÅÁ3ÀÆ,½+ÇEÈ?É1Æ5Æ,ÀÆ5ÁÅYÀÂPÂP»Pù?É5ÊM»$ËÌÉ1Æ5É5ͼ3É5ÌΤ»PÏ»¯Ê=Éи,¹3¿»¦Ã¼3ÅÃÅÁ3ÀÆÑÉ5Ï»PÁ¥¿É5Î

ÀYà ÀPÒÅÓpŸÔP»¯¼3ÅÕ¥Ö¥¿»+¼3»$ÀÁÅÊ@É5Á:¹3¿À¹:Éи|¿»+È¥ÅÌÆ1Ä;ÊŹ¦ÀÂPÂP»PùEÀÆ5ÆÃÆ1ÀPÒ»¯¼3Á?È¥ÅÌÆ1Ä;Ñ»t¹EÀYÃÀ$ÒÅÓ!Ÿ|ÔP»t¼3ÅÕ?Ö¥¿»

ü3ÅÃÅÁ»¯¼$׿Å$ÈZ»PÏ»¯¼$ׯÅÌÆ1ÄY¹3¿»¯ÊAÂt¿ÀÊÑ»:¹3¿»?ü3ÅÃÅÁ3ÀÆÉ5ÊeÀEÈiÀPÒAÁÌÂt¿Y¹3¿À¹i½EǦѻ¯¹3ÁiÀ+ÁÆ5É5Ñ¿¹3ÆÐÒAÃÅÁÉй3É5Ï»:à ÀPÒÅÓ

ÀÊÄ=É5ÁiÁ¹3É5Æ5Æ,ÀÂPÂP»Pù3»$ÄeÍÒA½¬¾Õ#Ø̈¿MÀUü3ÅÃÅÁ3ÀÆÈ?É5Æ5Æ,Á̼3»PÆÐÒeÍ»EÀÂPÂP»Pù3»$Ä=ÍÒe½EÇUÑÉ5ÏÉ5ÊѬÀ¹?Æ5»$ÀÁ¹i¹3¿»¦Ã¼3ÅÃÅÁ»¯¼

ÀÊÄM¹3¿»EÁ»¯ÂPÅÊÄ>¼3»PÁÃÅÊÄ»¯¼ÀŸÃÅÁÉ5¹3É5Ï»+ÃÀPÒÅÓNÕÙ¦»¯ÊÂP»×¼3»6Ú6»P¯¹3É5ÅʕŸÀÊ;ÅÓ»¯¼:Ÿ|ÔP»¯¼3ÅAÍÒM½+ǬÂPÀÊ;ÊŹ:Í»Eà ÀK¼¹

Ÿ|À¬ÁÌÍÑÀÎA»Ã»¯¼¸B»PÂt¹»PËÌÉ5Æ1É5ͼ3É1ÌÎ;Õ|·ÁÉ5ÎAÉ5Æ1À¼?¼3»$ÀÁÅÊÉ5ÊÑY¿ÅÆÄÁi¸Bż½¬¾È?¿»PÊM¿»¦¼3»¯ÂP»PÉ5Ï»PÁ?ÀŸÃ¼3ÅÃÅÁ3ÀÆÈ?¿É5Ât¿

ÑÉ5Ï»PÁ?¿É1έÀ¬Ã ÀPÒÅÓ@Ÿ|ÔP»¯¼3ÅÕ

Û ØÉ1ÊÂP»:½+ÇEÉ5Á#É5Ê ÄÉÐÓ»¯¼3»PʹZÍ»t¹6È¥»¯»PÊY¼3»6Ú»¯Â¯¹3É5ÅÊ=ÀÊÄAÀÂPÂP»¯Ã¹ˆÀÊÂP»À¸º¹3»t¼i½¬¾?¿ÀÁ|¼3»6Ú»PÂt¹3»$ÄeÀEü3ÅÃÅÁ3ÀÆH×¹3¿»¯¼3»:ÀK¼3»

¹6ÈZÅYÁÌÍÑÀÎA»Ã»¯¼¸B»¯Â¯¹:»$ËÌÉ5Æ5É1ͼ3É1ÀŸÉ5Ê>Ã̼3»¦Á¹¼ˆÀK¹3»PÑÉ5»PÁPÕ¥ØÉ5ʯ»¦¹3¿»¯Ò=ÀK¼3»+à ÀPÒÅÓ@»$ËÌÉ5ÏÀÆ5»Pʹ¥¸BżÂ¯ÅÊÏ»PÊÉ1»¯ÊÂP»×ÈZ»

qEr4q Þ)Žz§ß‡_଄t†ˆ“‰Z…†3~:€¬}T~:á!âRz“N†3à¬{~+“N†…ã?ä剥†ˆ{€z#}}äY‰i€UæçyS{z|áPz|{z€¬“záP~?{lèGátx

é “N†ˆz€…’ê&Š+…“~:‡_z}

pJ[]Ú=WBQ_”mUXfqIÐIL/WB}qIQ_lIÐvKXORY ?FÜtILKNMXORQ\^_TVUXWBYÙ[]UX^_YE“)[]KX”R[WBQ)WBQq”bIÓ=tILKNWZYuIQšUXM WBQšUPO"[lLlOR^_QšU|ORQqI

lL[Q’Q_OUeIÓ/tIlUeUPOÙO“)MPILKNInUXfqId“If_[=WBOKÐt_KXI}_WZlUPI}g“2x'UXfqI•MX^q“_”R[Y\IdtILKXv›IlUeIÊ2^_WZTBWV“_KNWZ^_Yg@

rsQ×t)[]KNUXWBlL^_TB[]KÖUXfqI¸IÓ=tILKNWBY\IQšUXMÖORQñ?FÜtILKNMPORQ^_TVUXWBYÙ[]UX^_Y ”R[YuIM'”RWBIÛMXORYuI¸f)WBQšUXMÖ[]“OR^qU

tORMXMXWV“TVI.“If)[/WVOKdOvŠMX^q“/ËPIlUXMnWZQ%OR^qKnIÓ/tILKNWBYuIQ2UL@ipefqI\IÓ/tILKÍWBYuIQ2UX[T‚IL=WZ}qIQ_lIÙWBQÒUXfqIMPI

”R[YuIM;lL[Q\“IjMX^_YÙY\[]KNWVçLI}.[MvORTBTVOcM[ã+ORMPU‚Ov)UXf_IÐ}qIY\[Q_}_MY\[}_I6“=xnt)KXOtORMPILKNMTBWVIjWBQ•UXfqI

KN[Qq”ImOv‚— .UPOم utILKNlIQ2UjOvUXfqImtWVIUPOٓIm[TBTBO=lL[]UPI}zqO]ÎILKNMj“ITVOc´? .tILKÍlIQšUÐ[]KXId[TZYuORMPU

[TVcj[x/MbKXI÷ËPIlUPI}z:[Q_}¸UXfqI.[lLlILt_UX[Q_lI\KN[]UPIMOv|KXIMPtORQ_}qILKNM[]KXI.ORQÛ[ILKN[]”IÙY\ORQqOUPORQ_WBlL[TBTBx

WBQ_lKNI[MXWBQq”bceWVUXf.UXf_IŠO]ÎILK6Y\[}qI@r÷Q.t[]KXUXWBlL^_TB[]KzUXfqIMPIÐMPUX^_})WVIM‚MXfqOcÏUXf_[]U;tILOt)TVIŠ[]KXIeceWBTBTBWZQq”

UPOdvOKX”OnYuORQ_ILx•WBQ•OKN}_ILK;UPOdt)^_Q)WBMXf•WVv)UXfqILx•vILITqUPKXI[]UPI}Ù^)Qqv[WBKNTVx@{)^qKXUXfqILKNY\OKXIzRUXfqIÐMPUX^)}_WVIM

“=x•weOUXfzšG;KÍ[MXQ_WVÚ][]Kz ƒ Ú/^_QqO]FH{_^]ËPWVcj[]KN[/zš[Q)} î [Y\WVKeßsAàà/Aâ;[Q_}\G;KÍ[MXQ_WVÚ][]K‚[Q_}\wÐOUXf+ßsAàà?Râ

MXfqOc×UXf_[]U땔RWVIQÙUXfqIeO“MPILKXI}Ö[lLlILt_UX[Q_lI“If)[/WVOK OvKXIMPtORQ_}_ILKNM¦ë.[dt_KXOtORMPILKùM t)[xO]Î

WBMmY\[3ÓqWBY\WBçLI}¸[]UnO]ÎILKNMnWBQÛUXfqIuKN[Qq”Iu“ILUyc|ILIQ Ž g[Q_}*— 'tILKNlIQ2UL@\pÐfqILx+[TZMPO8MXfqOc„UXf_[]U

ë8[]UTVI[MXUcef_IQ’MX^q“qËsIlUXM[]KXI•IÓ=tILKNWVIQ)lI}Dëgt_KXOtORMPILKNM[QšUXWBlLWBt)[]UPI"UXf)WBMe[Q_}¸Y\[]ÚIuYuORMPUXTBx

O]ÎILKNMjUXf_[]Ujv[TZT)WBQ2UPO.UXf_WBM|KN[Qq”I@;ÑIQ_lIzqt_KXOtORMPILKNM6MPILIY¤UPOu[lUŠWBQÖ[•MXITÀÌMXfÖY\[Q_QqILK6UX[]Ú/WBQq”

WBQ2UPO+[lLlOR^_Q2U•UXfqIitORMXMNWV“)WBTBWBUHx8OvÐQqIL”R[]UXWBIiKXIlLWBt_KXO/lL[T;“If_[/WVOK"OvŠKXIMPtORQ_}qILKNM@'pef_WBMm/WVILc

WBM•[TBMPO¸MX^qt_tOKXUPI}*“2xÒUXf_IiO“)MXILKX3[]UXWBORQ_M"YÙ[}qIi“=xÕ`Öå^qUXfö[Q_}Ր][QÕkb[Y\YuIÒßsAààáRâÍ@ÒpÐf_ILx

KXILtOKXUjKXIMX^)TVUXMjv›KNORY [\DFÜtILKNMPORQ8^_TBUXWBY\[]UX^_Yë”R[YuIdUXf)[]UeWBMjUXfqIdYuORMXUeMXWBY\WZTB[]K|IÓ/tILKNWBYuIQ2UjUPO

OR^qKNMdc|I\Ú/QqOc []“OR^qUL@ÙrsQ%UXfqIWBKdIÓ=tILKNWZYuIQšUXMm[8t_KXOtORMPILKnf_[}ÒUPO+}qIlLWB}_I\fqOc UPO’}_WV/WB}qIu[

t)WVIu“ILUyc|ILIQ~fqILK"[Q)}%UHc6O’“)[]KN”R[WBQ_WBQq”gt[]KXUXQqILKNML@

ƒ

Q_TVx¸ORQqI\OvjUXfqIiUHc6O’t)[]KNUXQqILKNMdf_[}*UXfqI

tORMXMXWV“WBTBWVUyxUPOmKNI÷ËsIlU‚UXfqIŠt)KXOtORMX[T=cefqILKXI[MUXfqIŠUXf)WVKN}•t)TB[xILK‚c6[M;[gïP})^_Y\Y"x=ð/@ ƒ QqIjOvUXfqIWVK

Y\[WBQÖlORQ_lLTB^)MXWVORQÖWBM6UXf_[]Ujt_KXOtORMPILKNM6[]KXImQqIWVUXfqILKŠMPUPKNORQq”RTVxÙWBQ2UPKNWBQ)MXWBlL[TBTVx"v[WBKjQ_OKj}_O"UXfqILxÖ[lU

[lLlOKN}_WZQq”+UPO۔R[YuIgUXf_ILOKXx@ÒG;KXOtORMPILKÍMLz;fqOc6ILILKz;KNI[TBWVçLIÖUXf_[]U.UXfqI'KXIMPtORQ_}qILK•ceWVUXfՐILUPO

tOc6ILKeY\[x'}_IlLTBWBQqIm^_Qqvˆ[WVKŠO]ÎILKNML@

pOgcef_[]UIÓ=UPIQ2Udc6OR^_TB}ÛMX^_lÍf+“If_[=WBOKdlNf_[Qq”IuUXf_I•t)KXI}_WBlUXWVORQ)MWBQ¸OR^qKbIÓ/tILKNWBYuIQ2Uì-pÐf_WBM

O“==WVOR^)MXTVxg}qILtIQ_}_MŠORQ+UXfqI•KXITB[]UXWVI"3[TZ^qInOv‚UXfqIu?FŠ[Q_}8UXfqIuDFÜtILKNMPORQ+lOR[TBWVUXWVORQ@wÐOR^q”Rf_TBx

MPtI[]Ú/WBQq”qzRWVU;YuI[Q)M‚UXf_[]U WVvUXfqIА][TB^qIjOvUXfqIe?FÜtILKNMPORQ\lOR[TZWVUXWVORQ\WBM‚Q_OU;lORQ_MXWB}qILKÍ[]“)TVx"MNY\[TBTVILK

UXf_[QiUXfqIe][TB^qIeOvUXfqIDFÜtILKNMPORQÖlOR[TBWVUXWBORQ\t_KXOtORMPILKÍM;Y\[xilNfqO=ORMPIUXfqIMXYÙ[TBT_lOR[TBWVUXWBORQ@‚pÐf_WBM

MPUX[]UPIYuIQ2UWZMŠILKXxgTVO=ORMPIdMXWBQ_lImUXf_InlOR[TBWVUXWVORQ’}qIlLWBMXWVORQg[TZMPO\}qILtIQ_}_MjORQ’UXfqId[QšUXWZlLWVt)[]UXWVORQgOv

KXIMPtORQ_}_ILKNMLù“If)[/WVOKdWBQ%[8DFÜtILKNMPORQÒlOR[TZWVUXWVORQ@.SQ2UXWBT‚QqOc„UXfqILKXI\WZMmQqOgIÓ=tILKNWZYuIQšUX[TJIL/WÀF

}qIQ_lIORQ'KXIMPtORQ_}_ILK “If_[/WVOKjWBQ'DFÜtILKÍMPORQ'^_TVUXWBY\[]UX^)Y ”R[YuIMjcfqIQٓOUXfiKXIMPtORQ_}qILKÍM|f_[I

ILUPO'tOc6ILK@ÑOc6ILILKz:[ÖQ_[]UX^qKN[TvO=lL[TtORWBQšUWBQ+DFÜtILKNMXORQ+^_TBUXWBY\[]UX^_Y ”R[YuIMbWBMeUXf_I"IÊ=^_[T

}_WV/WBMXWBORQٓILUHc6ILIQ8[TBTUXfqKNILImt)TB[xILKÍML@ ÑIQ_lIz)WVv:t)KXOtORMPILKNMŠ[lUÐMPITÀÌMXf_TVxÙ[Q)}g[QšUXWBlLWBt)[]UPImUXf_[]U

KXIMPtORQ_}_ILKNMmKXI÷ËPIlU"O]ÎILKNM•cef_WZlNf%UXfqILxÕWBQšUPILKNt_KXILUn[M•^_Qqvˆ[WVKzUXfqIQ*t)KXOtORMPILKNMnMNfqOR^_TB}ÒlÍfqO=ORMPI

UXfqIn?FÜtILKNMPORQ’lOR[TBWVUXWVORQgcfqIQqILILKnAí]?Jîl—ÙߖA˜K™;œsâŸï´Aí]D9î&—ÖߖA˜K™uA ˜K™d?RâÍ@ ° OUPI"UXf_[]UÐMX^_lÍf

“If_[/WVOKbWBMQqIWVUXfqILKv[WBKQqOKm}qO=IMbWVUTBI[}+UPOg[Q¸IilLWVIQ2UbOR^qUXlORYuI@dÑIQ_lIzc6I"c6OR^_TB}+O“qF

MPILKXI!ÿúüšÿºÍú]ûg[Q_}8úûüþý×ÿLúÜüûÿ-3@Jr÷vf_Oc6ILILKAí]?=îG—ÖߖA˜K™;œ÷âYð´Aí]DeîJ—Ùߖe˜K™uA ˜K™d?Râ

fqORTB})M|UXf_IQ8MX^_lÍfgMX^q“/ËPIlUXMŠMXfqOR^_TZ}ÖlÍfqO=ORMPIdUXfqInDFÜtILKNMPORQglOR[TZWVUXWVORQgMXWBQ)lIUXf_ILxÖlL[QgIÓ/tIlUŠUPO

ƒ Q~UXfqIgOUXf_ILK\f_[Q_}z WBvÐt_KXOtORMPILKNM•[]KXIgIWVUXf_ILK.WZQšUPKNWZQ_MXWBlL[TBTBx¸vˆ[WVK.OK\WVvÐUXf_ILxÕf_[I’[ÛMPUPKXORQq”

t_KNILv›ILKXIQ)lI vOKIilLWBIQšUJOR^qUXlORYuIMLzUXf_ILxdMXfqOR^_TB}n[TVc6[x=MlÍfqO2ORMXI|UXfqIjDFÜtILKNMPORQ•lOR[TBWVUXWVORQ@JpÐf_WBM

c6OR^_TB}•“IŠWBQ.TBWBQqI6ceWVUXf•UXfqIŠ[]KX”R^_Y\IQšUXM‚t^qUv›OKXcj[]KN}.“=x.`Öå^_UXfu[Q_}upÐWVILUPçdßsAàà šâ‚WZQ•[bKNILt)TVxdUPO

UXfqI^_Qqvˆ[WVK‚OR^qUXlORYuIM O“)MPILKXI}iWBQ%ïs“IMPU MXfqOU ”R[YuIMXðÙ߈MPILIÑ[]KNKNWBMPORQu[Q_}ÙÑWVKÍMXf_TVIWVvILKÐßsAàáàRâ

[Q_}¸G;KÍ[MXQ_WVÚ][]K[Q_}¸wÐOUXfäßsAàà?RâPâÍ@dpÐf_ILx8[]KX”R^qI•UXf_[]UWZQ×ïs“IMPUMNfqOU”R[Y\IMXðÖv[WVK}_WV/WBMXWVORQ)M

[]KXId[TBc6[x=MÐWZQqIilLWVIQ2U6[Q)}'UXf_[]UjUXfqILKXILvOKXImv[WBKNQqIMXMjlORQ_MXWZ}qILKN[]UXWVORQ_MjlL[QgQqOUŠ“Ib[]t_t)TBWBI}@JCM

MX^_””IMPUPI}%“=x’UXfqIuKXIMN^_TVUXMOv|ÑO]ÎYÙ[Q%[Q_}*‘=t)WVUPçLILK\ßsAàá?=zjAàá—RâUXfqIu}qIMXWBKXI"vOKmIilLWVIQ)lx

MPILIYÙMÙUPOՓI+[ÒMPUPKXORQq”~YuOUXWV][]UXWVORQ@Ôr÷Q×OR^qKÙIÓ/tILKNWBYuIQ2ULzjWBQÏlORQ2UPKN[MPUÖUPO*UXfqIÔïs“IMXUÙMXfqOU

”R[YuIMNð/z=vˆ[WVK6}_WV/WBMXWVORQ_M‚[Q)}ÙIilLWBIQ_lxu”O"UPO”ILUXf_ILK@;ØfqIQqILILKj[nt_KNOtORMXILK cj[QšUXM|UPO"“IÐvˆ[WVK

MXf_If_[M|UPO•lÍfqO=ORMPIUXf_IeIilLWVIQ2U6DFÜtILKNMXORQilOR[TBWBUXWVORQ\“IlL[^_MPIOUXfqILKXcWBMPIÐORQqIOv:UXfqItOUPIQ2UXWB[T

KXIMXtORQ)}qILKNMjceWBTZT”ILUQqOUXf_WBQ_”q@ ÑeIQ)lIz)t_KXOtORMPILKÍMjceWVUXfgt_KNILv›ILKXIQ)lIMŠv›OKv[WBKNQqIMXMjceWZTBTlNfqO=ORMPI

UXfqIe”KN[Q_}ÙlOR[TZWVUXWVORQ\[Q_}iY\[]ÚI[dt_KXOtORMX[Tqcef)WBlNfu}_WB=WB}_IMUXfqIА][TB^qI>—iߖA˜K™uA ˜K™d?Râ߈[TBYuORMPUÍâ

IÊ=^_[TBTVx@

r÷vt)KXOtORMPILKNMŠf_[I"[\MPUPKNORQq”\t_KXILvILKXIQ_lImvOKÐIilLWBIQšUÐOR^_UXlORYuIMLz)UXf_ILx'Q_ILILKXUXfqITVIMXMeY\[xg[lU

MPUPKÍ[]UPIL”RWBlL[TBTVxzДRWBIQ×UXfqI¸IilLWVIQ2U'[TBTVO/lL[]UXWVORQ@ r÷vbUXf_WBMÖWBM\UXfqI¸lL[MPIÛc|I¸MXfqOR^_TZ}ÏO“)MPILKNIÛDF

tILKNMPORQglOR[TZWVUXWVORQ_Mj“)^_UŠt_KXOtORMX[TBM6”RWV/WBQq”.UXfqImt_KNOtORMXILKÐlORQ_MXWB}qILKÍ[]“)TVxÙYuOKNIdUXf_[Q8[Q2xiOvJUXfqI

Uyc|OiKXIMPtORQ_}qILKNM@

ò ó.ô oÖ;Å:Éd bZbej0õnÇJo

Cv›UPILKdMXORYuI.t)WBTVOUbMPUX^_}_WBIMec6I\f_[I\lORQ)}_^_lUPI}¸IWV”Rf2UIÓ/tILKNWBYuIQ2UX[TMPIMXMXWBORQ_MbWBQšORTB=WBQ_”+Aà?

MX^_“/ËsIlUXM@EpefqI¸MXIMXMXWVORQ_MÖ}_WÀÎILKXI}-ceWVUXf-KXIMPtIlU'UPOöUXfqI¸TBO=lL[]UXWVORQÔcef_ILKXI+UXf_ILxÏUPO2OÚ-t)TB[lI

[Q_}ÕceWVUXf*KXIMPtIlUnUPO¸UXfqI֐3[TZ^qIÙOvŠUXfqIg?FÜtILKNMPORQÕlOR[TBWVUXWVORQßv›OK.[¸MX^_Y\Y\[]KNxÛMXILIiUX[]“)TBI+AâÍ@

CTBT0MXIMXMXWVORQ_Mf_[I•“ILIQ’lLTB[MNMPKXO=ORY IÓ/tILKNWBYuIQ2UXML@jØ%I"KÍ[Q’IÓ/tILKNWBYuIQ2UXMÐceWBUXf8UHc6O'}_WÀÎILKXIQšU

UPKXI[]UXY\IQšUXMLz=cef_WZlNf.c6IŠceWBTBT/lL[TBTqpdAŠ[Q)}\pe?=@‚6OUXf\UPKXI[]UXYuIQ2UXM lORQ)MXWBMPUPI}uOvUHc6Odt)f)[MPIM;[Q_}

f_[}•UXfqI6vORTBTVOcWBQq”evI[]UX^qKXIM@+öY'Lü>š÷jCvUPILK;[]KXKNWV/WBQq”eMN^q“/ËPIlUXMc6ILKXI6KN[Q_}qORYÙTVxd}_WV/WB}qI}dWZQšUPO

ðwnùMXð/zšðãÕùMXð/z2[Q_}.ðø ùMXð/@‚pÐfqIMPIjTVILUPUPILKNMKXILvILKXKXI}•UPObUXfqIjt)TB[lIŠWBQ"UXfqIŠlLTB[MXMXKXO2ORYìcef_ILKXI|UXf_ILx

c6ILKXIeMPI[]UPI}:@pefqIÐðwdùMXðnf_[IГILIQ.UXfqIŠt)KXOtORMPILKNMLzUXfqIÐðãÕùMXðmUXf_IŠÌ)KNMPUKXIMXtORQ)}qILKNM[Q_}.UXfqI

ðø ùMXðnUXf_IMPIlORQ)}ÙKXIMXtORQ)}qILKNML@Cñ“)[]KX”R[WZQ_WBQq”m”KXOR^_tÖlORQ_MNWBMPUPI}iOv:ORQqIðwð3FXzqORQqIðã¸ð3FXz_[Q_}

ORQqIÖðø0ð3FHMX^_“/ËsIlUL@+pÐfqIÙKNO2ORYéc6[M•[]KXKN[Qq”I}~WBQÕMX^_lNfÕ[’cj[x%UXf)[]U•MX^_“/ËsIlUXMnceWVUXfÕ}_WÀÎILKXIQšU

TVILUPUPILKÍM’߈Wþ@ÝI@Vz KNORTVIMÍânc|ILKNI8QqOUu[]“)TVI'UPOÒlORY\Y•^_Q_WBlL[]UPIgceWBUXfÕI[lÍfäOUXfqILK@öpÐfqIgWBQ)MPUPKN^_lUXWVORQ)M

c6ILKXI8KXI[}ä[TBOR^_}z|[Q)}öUXfqILKXI[]vUPILKÙUXfqI8MX^_“/ËsIlUXM\t)TB[xI}×[Ût_KN[lUXWBlIgKXOR^)Q_} ߈}_^qKNWZQq”+cf_WBlNf

UXfqILx%c6ILKXIÖ[TBTVOc6I}ÒUPOÛ[MPÚ%Ê=^qIMPUXWVORQ_MnUPO’IQ_MN^qKXI\UXf_[]U"ILILKXx=“O/}qx%f_[M"^_Q_}qILKNMXUPO2O/}ÒfqOc UPO

Y\[]ÚI•}qIlLWBMXWBORQ_MÍâÍ@

pÐf_ILKXI[]v›UPILKzIWV”RfšUmKNOR^_Q_}_Mc|ILKNI•tTB[xI}zcWVUXfÛlNf_[Qq”RWZQq”it[]KXUXQqILKNMb[]vUPILKdI[lNf%KNOR^_Q_}@5ùöpÐfqI

MX^_“/ËsIlUXMdc|ILKXIÙUPORTB}%UXf_[]U;ëÛWBQÒ[}_}_WBUXWVORQ¸UPO8UXfqIÙMXf_Oc ^_t%v›ILIGëÛ[]v›UPILK"UXfqI\IÓ/tILKÍWBYuIQ2UUXf_ILx

ú¯ûÊp¹6ÈZÅ>Á»PÁÁÉ5ÅÊÁUÁÌÍÚ»P¯¹3Á+ÈZ»¯¼3»Ÿ¹3ÅÆ1Ä@¹3¿ À¹É5Ê!¹3¿»YÆ1ÀÁ¹¼3ÅÌÊ Ä•¹3¿»t¼3»YÉ5Á+ÅÊ»AÎA»¯ÎŸÍ»¯¼¦Å¸Z¹3¿»YѼ3ÅÌÃ!È?É5¹3¿

È?¿Å΍¹3¿»tÒA¿ À$Ï»:ÃÆ1ÀPÒ»$ÄAÉ5Ê=ÀÊ=»$À¼3Æ5É5»¯¼¥¼3ÅÌÊ ÄÕÖ¥¿É5ÁZÈ¥ÀÁ¥Ê»PÂP»PÁÁ3ÀK¼ÒeÍ»PÂ$ÀÌÁ»¦Å¸ÁÅÎA»:ÊÅüýÁ¿Å$È?Á¥É5ÊA¹3¿»PÁ»:¹6È¥Å

Á»PÁÁÉ5ÅÊÁPÕ¥Ù¦Å$ÈZ»PÏ»¯¼$×¹3¿»EÉ1Ä»¯Ê¹3ÉÐþÂ$À¹3É5ÅʕÊÌΟͻ¯¼3ÁZÈZ»¯¼3»+ˆ¿ ÀÊÑ»$Ä>À¸º¹3»t¼¹3¿»+Á»PÏ»Pʹ3¿M¼3ÅÌÊÄMÁÅY¹3¿ ÀK¹?¹3¿»¯ÒeÈ¥»t¼3»

p[]“TVI\A [

Ö,¼3»$ÀK¹3ÎA»Pʹ "!3½U¾!3½+Ç# "!3½%$&# Ø»PÁÁÉ5ÅÊÁ '0Ÿ#ØÌÍÚ6»P¯¹3Á

(

ÒŹ3Å û ×*)+-,Ç +-,¾/..0 Ç 1

2

¿ ÀÁ»Y¾ 3))) Ç4))

(

ÒŹ3Å ûû

×5)-0,)3,¾..-0 Ç 1

Ö¦¾

(

ÒŹ3Å ûûû×6)0, )1,¾/..-0 Ç 1

7

É5»PÊÊÀ û ׃¾¾/,)8,¾..0 Ç 1

2

¿ ÀÁ»UÇ 3))) ¾KÇ ))

7

É1»¯ÊÊ À ûû ×!¾¾9,¾KÇ,¾/..-0 Ǿ

7

É5»PÊÊÀ ûûû ×¾¾9,¾3-,¾/..0 Ǿ

2

¿ ÀÁ»Y¾ 3))) Ǿ))

7

É5»PÊÊÀ û7

×6)3-,¾/3-,¾/..4 Ç 1

Ö?Ç

2

¿ ÀÁ»UÇ 3))) Ç8 ))

(

ÒŹ3Å û7

×)+-, )1-,¾/..4 3)

ceWBTZT/“IŠt[WB}\WBQ\lL[MNf\UXfqIeMN^_Y„OvUXfqIWVK I[]KNQ_WBQq”RM WBQuUHc6O•OR^qU;OvUXfqIeIWB”RfšU;KNOR^_Q_}_ML@pÐfqIMXIÐUHc6O

KXOR^_Q)}_MÐc6ILKXI.KN[Q_}qORYÙTVxgMPITVIlUPI}%[]UUXfqI"IQ)}+Ov UXfqI"IÓ/tILKNWBYuIQ2UL@b‘q^q“/ËPIlUXMc6ILKXI.WBQqvOKNYuI}

[]“OR^qUÙUXf)[]UL@ CevUPILKiUXf_I+TB[MPUiKXOR^_Q_}ÏOvmt)f_[MPI~A8UXfqI¸MX^q“/ËPIlUXMÙc6ILKXI+UPORTB}ÏUXf_[]UÖUXfqILKXI+ceWBTBT

“IÒ[QqOUXfqILK8IÓ/tILKNWBYuIQ2UL@ pÐf_WZMgMPUX[]KXUPI}ƒöY'ü.›š@ Ce”R[WZQzm[]v›UPILK+UXfqIÒWBQ_MPUPKÍ^_lUXWVORQ_M'c6ILKXI

}_WBMXUPKNWV“)^qUPI}öUXf_ILxäc|ILKXI+KXI[}Ô[TVOR^_}@ñpÐfqI’t)[]KXUXWBlLWVt[QšUXMÙc|ILKXI+UPORTB}-UXf_[]Ui[]vUPILKiUXf_I’IWV”Rf2UXf

KXOR^_Q)}'UXfqIdIÓ/tILKÍWBYuIQ2UŠceWBTBT“ImOILKvOKMX^qKNId[Q_}gUXf_[]UÐUXf_ILxgceWBTBT“Imt)[WB}gWBQ’lL[MXf8UXfqI"MX^_Y

OvbUXfqIWVK\I[]KÍQ_WBQq”RM\WZQäUHc6O.ë~KN[Q_}qORY\TBx~lÍfqORMPIQ§ëöKXOR^_Q_})M.OR^qU\OvmUXfqI8IWB”RfšU\KNOR^_Q_}_ML@ÔpÐfqI

I[]KNQ_WZQq”RM‚vKXORY„UXfqIÐÌ)KNMPU;tf_[MPIŠc6ILKXI^_Q)[3ÎIlUPI}i“2x.UXfqORMXIÐOvUXfqIeMPIlORQ)}\t)f_[MXI@

°

Ont)KN[lUXWBlI

KXOR^_Q)}ÕUPO=OÚ~t)TB[lIgWBQöUXf_WBM•t)f)[MPI@ö‘/^_“/ËsIlUXM.tTB[xI}Ï[]”R[WZQöIWV”RfšUuKNOR^_Q_}_ML@ÕpÐfqIgY\[]UXlNf)WBQq”

OvdMX^q“qËsIlUXMic6[MÖUXfqI¸MX[YuIÛ[MiWZQÏt)f_[MXIÕA]@èG|f_[MPI~A+[Q_}×t)f_[MPIÛ?ÒORQ)TVxä}_WÀÎILKXI}×WBQ×UXfqI

][TB^qI\OvŠUXfqI'?FÜtILKNMPORQ*lOR[TZWVUXWVORQ@gCTBT‚][TB^qIMnf)[I֓ILIQÕ}qIMXlKNWB“I}*WBQ%tORWBQ2UXML@ÖpefqIِ][TB^qI

—iߖA˜K™uA ˜K™d?Râ6Ov:UXfqIb”KN[Q)}ÖlOR[TZWVUXWVORQÖc6[MŠ[TBc6[x=MÐD .tORWBQ2UXML@‚pÐfqI3[TZ^qI•—ÖߖA˜K™;œsâ;OvUXfqI

?FÜtILKNMPORQglOR[TBWBUXWVORQgWBQgpdAbcj[Me?á utORWBQ2UXMŠWBQÖt)f_[MPI\Am[Q)}%A? \tORWBQ2UXM6WZQ't)f_[MPId?=@;rsQgpe?

UXfqIb][TB^qIbOv0UXfqIdMNY\[TBTlOR[TBWVUXWVORQÖcj[Me?/AutORWBQ2UXMjWBQÖt)f_[MPI.Am[Q_}8?— utORWBQ2UXMjWBQÖt)f_[MPIm?=@

pÐfqILKNILv›OKXIz/WBQiUXfqIv›ORTBTBOceWBQ_”dc|IbceWZTBTqcÐKNWBUPIpdA Fy?á /z)pnA FNA? /z)pe?Fy?/A/z)pe?Fy?— .cfqIQÙc6I

KXILvILKÐUPO\UXfqI"}_WÀÎILKXIQšUŠIÓ/tILKNWBYuIQ2UX[TlORQ_}_WBUXWVORQ_ML@

Ø%IÛlORQ_}_^_lUPI}ÔMXWÀÓÏMPIMXMNWVORQ_M\cWVUXf×pdA+WBQ2ORTV=WZQq”×ADáÕMX^q“/ËPIlUXML@´pÐf_KXILI8OvdUXfqIMXI+MPIMXMNWVORQ_M

c6ILKXIdKN^_QgWZQgÞmxOUPOqz;:š[]t)[Qz_[]UÐUXfqInr÷Q_MXUXWVUX^qUPIbOv‚€ lORQqORY\WZlmwÐIMPI[]KNlÍf’[]UeÞdxOUPOiSQ_WVILKNMXWBUHxz

WBQ<:R^_Q_Ii[Q_}<:R^_TBxöAààRæ2@ÕpÐfqIÙOUXf_ILK•UXf_KXILIÖMXIMXMXWVORQ_M"c6ILKXI'KN^_Q*WZQ ° OIY"“ILK8AààRæ¸WBQ>=bWÀF

IQ_Q_[/zC^_MXUPKNWB[/z0[]UdUXf_I\r÷Q)MPUXWVUX^qUPI.vOKnC}_3[Q_lI}~‘=UX^_}_WVIM@\‘q^q“/ËPIlUXMmWBQ>:R[]t)[QÒc|ILKXIJë’ceWVUXf

ORQqI.IÓqlILt_UXWVORQ&ë’^_Q_}qILKX”KÍ[}_^_[]UPI"MXUX^_}qIQ2UXMvKXORY¢][]KNWVOR^_MeÌ)ITB}_M@pÐf_I•Y\[ËPOKNWVUyx’lL[YuIuvKXORY

€ lORQ_ORY\WBlLMLz:j^_MXWZQqIMXMbC})Y\WBQ_WBMXUPKN[]UXWVORQzZø0[cnz:[Q_}%GJORTBWVUXWBlL[T;‘/lLWVIQ)lI@•‘/^q“/ËPIlUXMbWBQÛC^)MPUPKNWB[

c6ILKXI•ë'ceWVUXf8Uyc|OÖIÓqlILt_UXWVORQ_Meë'^_Q)}qILKX”KN[}_^)[]UPInMPUX^_}qIQ2UXMÐOv;j^_MNWBQqIMXMÐC}_Y\WZQ_WBMPUPKN[]UXWBORQ@

° O

MX^q“qËsIlUÐf_[}8t)[]KXUXWBlLWVt[]UPI}gWBQg[QgIÓ/tILKÍWBYuIQ2UŠ“ILvOKXI?_QqORQ_ImOvUXfqIY ëÙceWVUXf'Uyc|OiIÓ/lILt_UXWBORQ_M

ëÕf_[}äÚ/QqOceTVI}q”I8[]“OR^qUu”R[YuI’UXfqILOKXx@A@ rsQä[}_}_WVUXWVORQ:z;UHc6OÕMPIMNMXWVORQ_M.ceWBUXfÕUPKNI[]UXYuIQšUÖpe?

B¯ûÊ ÒŹ3Åe¹3¿»¼3»PÎeÀÉ5ÊÉ1ÊÑMÁÌÍÚ6»P¯¹3ÁEÂPÀÎA»¸º¼3ÅÎ ·Ñ¼3É5ÂPÌÆй3̼3»×DC|ÊÑÉ5Ê»P»¯¼3É5ÊÑ×ÀÊ ÄFE,Éй3»¯¼ˆÀK¹3̼3»Õ ûÊ É5»PÊÊÀ

c6ILKXIÖKN^_Q@ ƒ QqIiOvŠUXfqI'MPIMXMXWVORQ)MdUPO=OÚÒt)TB[lIÖWBQ>=bWVIQ_Q_[’WBQ*ã¸[]KNlNfAààá+[Q_}ÕUXfqIÙOUXfqILKuWBQ

ÞmxOUPOgWBQH:R^_Q_IÙAààá=@d— Ž MX^_“/ËsIlUXMt)[]KXUXWZlLWVt)[]UPI}’WZQ8UXfqIMPI.MPIMXMNWVORQ_ML@ÐrsQ8UXf_II=bWVIQ_Q_[\IÓ=tILKNWÀF

YuIQ2Um[TBTOv UXfqIY¢c6ILKXIu^_Q_}qILKX”KÍ[}_^_[]UPI.MPUX^_}qIQ2UXMbWBQ+j^_MNWBQqIMXMC})Y\WBQ_WBMXUPKN[]UXWVORQ8[Q_}ÛWBQ+UXfqI

ÞmxOUPO•IÓ/tILKÍWBYuIQ2U|?/AÐOR^qU|Ov0D dc6ILKXI^)Q_}qILKX”KN[})^_[]UPIeMPUX^_}_IQšUXMbßsADdWBQi€ lORQqORYÙWBlLMLz2[Q)}\UXfqI

KXIYÙ[WBQ_WBQq”ÖWBQRø0[cdz?ø0WV“ILKN[TCeKNUXMLz:[Q_}ґ/lLWVIQ_lIâÍ@•pÐfqI•KXIY\[WBQ)WBQq”iQ)WBQqIn”KÍ[}_^_[]UPI\MPUX^_}_IQšUXM

lL[YuI"v›KNORY € Qq”RWZQqILILKNWBQq”.[Q_}+hjORYut)^qUPILK‘qlLWVIQ_lI@KJgG;KNOtORMN[TBMŠf_[}gUPO\“IdY\[}_InWBQgMPUPILt)MÐOv

AÙtORWZQšUXML@;pefqImIÓ/lÍf_[Qq”I"KN[]UPIMevKXORYítORWBQ2UXMjUPOiY\ORQqILxic6ILKXIÙA [BA"WBQL:R[]t[QÕ߈Wþ@ÝI@Vz0A\tORWZQšUXM

´ ANM;IQâŠ[Q)}ÒA[BA"WZQ8C^)MPUPKNWB[8߈Wþ@ÝI@VzA\tORWBQ2UXMM´¤AnC‚p‘_âÍ@)CjUeUXf_IdUXWBYuImUXfqInIÓ=tILKNWBY\IQšUXM

c6ILKXI.lORQ_}_^_lUPI}öAOMb€ ° c6ILKXI"c6OKXUXfÛ[]t_t_KNOÓqWBY\[]UPITVxÒA•C‚p‘@r÷Q+UPILKNY\MOv;Sm‘2FHkORTBTB[]KNM.A

tORWBQ2UXMdc6ILKXIi[]t)t_KXOÓqWBY\[]UPITBx¸c6OKXUXf¤/@5Rà’Sm‘/k•@ÑeIQ_lIzUXfqIic|OKNUXf*OvŠUXfqIi”KN[Q_}ÕlOR[TBWVUXWVORQ

cj[Me[]KXOR^)Q_}8?RæuSm‘/k•@

`bWBIQ'UXfqIIÓ/tILKNWBYuIQ2UX[TMPILUX^qtg[Q_}ÖUXfqImlNfqORMXIQ't)[]KN[YuILUPILKŠ][TB^qIM|c|ImlL[QgQqOcKXIMPUX[]UPImUXfqI

vOR^qKÐf2x2tOUXfqIMPIMelORQ_lILKNQ_WBQ_”•t)KXOtORMPILKŠ“If_[/WVOKÐ}_WBMNlL^_MXMPI}'WBQqvOKNY\[TZTVx\WBQgMPIlUXWVORQ+?=@o?=@|pÐfqI

}_WVÎILKXIQ2U f2x2tOUXfqIMXIM|[MXMN^_YuIÐIÊ=^_WBTBWB“_KNWB^_Yè“If_[/WVOK߈WÜ@ÝI@Vz=MPITBvZFHWBQ2UPILKXIMPU6[Q_}ÙQ_On[QšUXWZlLWVt)[]UXWVORQ

OvmQqIL”R[]UXWVI’KXIlLWVt_KXO/lLWVUyxqâ'߈€|ŠâÍz|WBQšUPKÍWBQ_MXWBlivˆ[WVKNQqIMXM8ßrs{;âÍz߈MPUPKXORQ_”2â.t_KXILvILKXIQ_lIgvOK\IilLWBIQšU

OR^qUXlORY\IM•ßˆG|€6âÍz)[Q_}gMXITVvZFHWZQšUPILKXIMXUÐceWVUXfg[Q2UXWBlLWVt)[]UXWBORQ'OvQ_IL”R[]UXWVIdKXIlLWVt)KXO=lLWBUHx%ßܑ=rP ° wbâÍ@

QFR%SUTWV;XZY;[\&[^]`_

G KXOtORMPILKNMblNfqO=ORMPIuUXfqI.”KN[Q)}¸lOR[TZWVUXWVORQÛ[Q_}Û}qIY\[Q_}Û[]UdTVI[MXUm?àá 'tORWBQ2UXMv›OKbUXfqIYÙMPITVIM

߈Wþ@ÝI@U#ž¤±-?àá šâÍzKXIL”R[]KN}_TVIMNMjOvJUXf_Id3[TZ^qIbOvJUXf_In?FÜtILKÍMPORQ8lOR[TBWVUXWBORQ@Ka

QbRWSUT%V;XZYU[\&[Ncd

G KXOtORMPILKNM6lNfqO=ORMPImUXfqI”KN[Q_}'lOR[TBWVUXWBORQi[Q_}'Y\[]ÚIm["t_KXOtORMX[TOv:UXfqIbvOKNY¢ß6e˜$Z ?¡˜$Z #¢â´

ßsA˜A˜A2âÍzKXIL”R[]KN}_TBIMXMjOvUXfqId][TB^qIbOvUXfqI"?FÜtILKNMPORQglOR[TBWBUXWVORQ@

QbRWSUT%V;XZYU[\f[Ngh]

G KXOtORMPILKNMnlÍfqO=ORMPIÙUXfqIٔKN[Q_}*lOR[TZWVUXWVORQғ^qUdY\[xÒ[lU•MPITÀÌMNfÒWBQ%UXfqIiMX^q“_”R[YuIÙcefqILKXI\UXf_ILx

f_[InUPOÙYÙ[]ÚIn[ut_KXOtORMX[T;߈WÜ@ÝI@DeGï AšâÍ@j6OUXf’}qIlLWBMNWVORQ_MŠ[]KXInWZQ_}qILtIQ_}qIQ2U|OvJUXfqId][TB^qI

OvUXfqIn?FÜtILKNMPORQ’lOR[TBWVUXWVORQ@

°

OUPI'UXf_[]U"vOK•UXfqIÖf2x=tOUXf_IMPIM"€|zrs{6zJ[Q_}~G €ìUPO¸“IÙUPKN^qIic|I'MXfqOR^)TB}ÒQqOU•O“)MPILKXI'[Q2x

}_WVÎILKXIQ)lIbWZQ'UXfqImlOR[TBWVUXWVORQg}qIlLWZMXWVORQ_M6“ILUHc6ILIQ8UXfqId})WÀÎILKNIQšUŠlORQ_}_WBUXWVORQ_ML@‚G;KNOtORMXILKNMjMXfqOR^_TB}

[TVcj[x/MnlÍfqO=ORMPI\UXfqIiDFÜtILKNMXORQÒlOR[TBWVUXWVORQ:@\ÑeIQ_lIzJlORQ_lILKNQ_WZQq”gUXfqIÙlOR[TBWBUXWVORQ%}qIlLWBMXWBORQ_MbUXfqIMPI

UXfqKNILIf2x2tOUXfqIMPIM|[]KXIeO“MPILKX][]UXWVORQ_[TBTVx•IÊ=^_WV][TVIQšUL@‚ÑOc6ILILKzq“If_[/WVOK MNfqOR^_TB}\})WÀÎILK|WBQuUXfqI

MX^_“_”R[YuIMucef_ILKXIgt_KXOtORMPILKNMÙf_[I8UPO~Y\[]ÚI8O]ÎILKNML@×Ñx=tOUXf_IMXWBM\€| KNIÊ2^_WBKXIM.ILKXxäYuI[Q

ÅÊ»UÁÌÍÚ6»P¯¹ÈiÀÁÀAѼˆÀÄÌ ÀK¹3»Á¹3Ì Ä»¯Ê¹:É5Ê

2

ÅÆ5Éй3É5Â$ÀÆØÂPÉ5»Pʯ»¬ÀÊ Ä>ÅÊ»É5ÊFC¯ÅÊÅÎAÉ5ÂPÁPÕ ûÊ (

ÒŹ3ÅAÀÁÈ¥»¯Æ1ÆÀÁ:É1Ê

7

É5»PÊÊ ÀŸÅÊ»EÁÌÍÚ6»P¯¹¿ ÀÄ=ÁÅÎA»EÜÊÅKÈ?Æ5»$ÄÑ»UÀÍÅ̹?ÑÀÎA»E¹3¿»¯Å¼ÒÕ

ijÅ¹:ÀÆ5ÆŸ¹3¿»PÁ»EÁÌÍÚ6»P¯¹3ÁiÈ¥»¯¼3»+¯ÅÎAÃÆ5»¯¹3»¯Æ5ÒeÉ5Ê»kû¯¼3É5»PÊÂP»PÄ=È?Éй3¿>»kû¯¼3É5ÎA»Pʹ3ÁPÕljÉ1Ê»¦Å¸¹3¿»Ç91YÁÌÍÚ»¯Â¯¹3Á

É5Ê

7

É5»PÊÊ À¬¿ÀÄ>ÃÀ¼¹3É5ÂPÉ5à ÀK¹3»$Ä>É5Ê;ÀÊ;Ìʼ3»PÆ1À¹3»$Ä=»kû¯¼3É5ÎA»Pʹ?Í»¯¸Bż3»Õ

m¯ûÊGÅ̼Ÿ»kû¯¼3É5ÎA»Pʹ3Á+ü3ÅÃÅÁ3ÀÆ5ÁŸ¿ ÀÄ ¹3Å;Í»eÎeÀÄ»YÉ5ÊJÁ¹3»PÃÁUŸi¹3»PÊ ÃÅÉ5ʹ3ÁPÕ@Ö¥¿É5Á¬ÄÉ5Á¯¼3»¯¹3»PÊ»PÁÁ¬Ä»PÁ¹¼3Å$ÒÁ

¹3¿»YÌÊÉ1ËÌ»PÊ»PÁÁ+Ÿi¹3¿»YÁÌÍÑÀÎA»Yû¯¼¸B»¯Â¯¹U»$ËÌÉ5Æ5É1ͼ3É5ÌÎ;Õ

û

¹Â$ÀÊGÍ»AÁ¿Å$È?Ê,׿Å$È¥»PÏ»t¼$×¹3¿ ÀK¹É5ÊJÀÊÒ!ÁÌÍÑÀÎA»

û¯¼¸B»¯Â¯¹E»$ËÌÉ1Æ5É5ͼ3É5ÌÎXü3ÅÃÅÁ»¯¼3ÁEÀÆÐÈiÀPÒÁ¦Âˆ¿ÅÅÁ»¹3¿»n3Küýû¯¼3ÁÅʕÂPÅÀÆ5Éй3É5ÅÊpÀÊ Ä>ÀÊÒ>ü3ÅÃÅÁ3ÀÆÈ?¿É1ˆ¿•ÑÉ5Ï»¯Á»$ÀÂt¿

}qIY\[Q)}_MeTVI[=WZQq”\UXfqI"KXIMPtORQ_}qILKNMÐceWVUXf*߈WBQ+MX^_YiâŠ[]UYuORMPUb? ÙtORWBQ2UXMLz_cfqILKXI[MeÑx=tOUXf_IMXWBM

rs{ÕKNIÊ2^_WBKXIMŠ[Q8IÊ=^_[T:}_WB=WBMNWVORQ@

pÐf_WZQq”RMd[]KXIÙ})WÀÎILKNIQšULzfqOc6ILILKz;WVv6t_KXOtORMPILKÍMmUPKXx%UPO+YÙ[3Ó/WBYÙWVçLIuUXfqILKXIÖYuORQqILxÒWBQ_lORY\IÙ[Q_}

IÓ/tIlU"QqIL”R[]UXWVIÙKNIlLWVt_KXO/lL[T“If_[/WVOKdOv6KXIMPtORQ_}qILKÍML@.r÷QÒpnA Fy?á +[Q_}*pe?Fy?— ’lÍfqO2ORMNWBQq”

UXfqI’?FÜtILKNMPORQälOR[TZWVUXWVORQÏ[Q_}öt)KXOtORMXWBQq”¸UXfqIgIÊ=^_[TŠ}_WV/WBMXWVORQՔRWVIM8A

Ž

Õ[Q_}ñA?— ÒtORWBQ2UXMLz

KXIMPtIlUXWVITBx@.6OUXf%t)KXOtORMX[TBMbceWBTZT0“Iu[lLlILt_UPI}*[TZYuORMPUdMX^qKNITVx8“=x+UXfqI\lÍfqORMPIQ*KXIMPtORQ_}qILK@

CWBY\WBQq”'vOKdUXfqIÙMN[YuI\t)[xO]ÎM"WBQ%[’DFÜtILKNMPORQÒlOR[TZWVUXWVORQ%c6OR^_TB}%YuI[Q*UPO8O]ÎILK"[]UnTVI[MXUdORQqI

KXIMPtORQ_}_ILK•[]UuYuORMPU\á ÛtORWBQ2UXM.WBQÕpnA Fy?á Ò[Q_}ö[]U\YuORMPU\áRæÛtORWBQ2UXM"WBQöpe?Fy?— /@~6OUXf

O]ÎILKNM|[]KNITVIMXM|TBWVÚITVx•UPOn“Ie[lLlILt)UPI}i“=xuKXIMPtORQ_}_ILKNM;TVI[}_WZQq”mUPO"["TVOc6ILK|IÓ/tIlUPI}Ùt[xO]ΒvOK

UXfqIÐt)KXOtORMPILK@ÑeIQ_lIz/WBQ.UXf_WZMUHc6O"lORQ_}_WBUXWVORQ_M‚MPITÀÌMXf.t_KXOtORMPILKNM []KXIÐIÓ/tIlUPI}ÙUPOnlNf_O2ORMPIUXfqI

WBQqIÖlLWVIQšUJ[Q_}.^_Qqvˆ[WVKJ?FÜtILKNMXORQ•lOR[TZWVUXWVORQ@Jr÷Q•pdA FNA? /z2ORQ•lORQ2UPKN[]KXxz2MX^_lNf•t_KNOtORMXILKNMMNfqOR^_TB}

lNf_O2ORMPIÖUXfqIiDFÜtILKNMXORQ*lOR[TBWVUXWBORQ@gG;KXOtORMXWBQ_”gUXfqI\IÊ=^_[T }_WB=WBMNWVORQ%WBQ%UXfqI'DFÜtILKNMPORQ*lOR[TZWVUXWVORQ

TVI[}_Mb[TBY\ORMPUmMX^qKXITVx’UPO8[it[xO]ÎöOvAgtORWBQ2UXML@mrsQÛUXfqI\?FÜtILKÍMPORQÛlOR[TBWVUXWVORQ%['}qIY\[Q)}+Ov

A"tORWZQšUXM;TBI[IM|UXfqIlÍfqORMPIQ\KNIMPtORQ_}qILK;ceWBUXfuORQ_TVx'A…æmtILKNlIQ2U;OvUXfqIt)WVIzRcef)WBlNf\f_IÐceWBTBT

KXI÷ËPIlUÐceWVUXfg[Ùf_WV”Rf't_KXO“[]“)WBTBWVUyx@

rsQ"pe?Fy?/AbUXf_I|KXI[MXORQ_WBQq”WBMMNTBWV”Rf2UXTVxmYuOKXIjlORYut)TBWBlL[]UPI}:@rsQnUXf)WBMlL[MXI6UXf_I|Ot_UXWZY\[T2lOR[TZWVUXWVORQ

}qIlLWBMNWVORQÛOvŠ[’YuORQqILx%Y\[3ÓqWBY\WBçWBQq”'t_KXOtORMPILKd}qILtIQ_})MmfqI[ITVx%ORQ*UXfqIÙ}qIYÙ[Q_}ÒMXfqIucj[Q2UXM

UPOÛY\[]ÚIg[Q_}*ORQ~UXfqIÖIÓ/tIlUPI}~t_KNO“)[]“)WBTBWBUHx¸OvÐKXI÷ËPIlUXWVORQ~Ove[’t[]KXUXWBlL^_TB[]K"O]ÎILK@%h6ORQ)MXWB}qILK

UXfqI•v›ORTZTVOceWZQq”\IÓq[Yut)TVIM[Šr÷v‚UXfqI•t_KXOtORMPILKt)TB[Q_MUPOÖ}_IY\[Q_}~AR— itORWBQ2UXMv›OKbfqILKNMPITBvyzUXfqIQ

WVUWBMeYuORMXUet_KXO“[]“)TVx֓IMXUeUPO'lNfqO=ORMPI•UXfqI•?FÜtILKNMPORQ+lOR[TBWVUXWVORQ:@ÐpÐf_WBMWBYut)TBWBIMjUPOit_KNOtORMXIdUXfqI

IÊ=^_[T:MPt)TZWVULz2cf_WBlNfgWZMd߈[TBYuORMPUÍâjMN^qKXITVxÖ[lLlILt_UPI}@ rsQgUXfqInDFÜtILKNMXORQ8lOR[TBWVUXWVORQg[]UTVI[MPUŠORQqIdOv

UXfqI•KXIMPtORQ_}qILKÍMf_[MUPO'“InO]ÎILKXI}%TVIMXMUXf_[Q%àá 'tORWBQ2UXML@pef_WBMÐtORMXMNWV“)TVx'TVI[}_MUPOg[if)WV”RfqILK

t_KXO“[]“)WBTBWVUyxmOv}_WBMX[]”KXILIY\IQšULzš[Q)}.UXfqILKXILvOKXIÐUPOd[dMXYÙ[TBTVILKIÓ=tIlUPI}Ùt)[xO]Î@;ÑeOc|ILILKz=WVvUXfqI

t_KXOtORMPILK0t)TB[Q_MUPO}qIY\[Q_}n[]UTVI[MPU|AD etORWBQ2UXM:WVU0YÙ[xm“I‚c|OKNUXfšcef)WBTVI‚vOKfqILKUPOlNf_O2ORMPI|UXfqI

DFÜtILKNMPORQÖlOR[TBWVUXWVORQ:@‚hjf_O2ORMXWZQq”dUXfqIb?FÜtILKÍMPORQilOR[TZWVUXWVORQÙ[Q)}ÙY\[]Ú/WBQq”•MX^_lNfi["}_IY\[Q_}ÙWZYut)TBWVIM

UPOgO]ÎILKdUXfqI\lNf_ORMPIQ%KXIMPtORQ_}_ILK[]UnY\ORMPUná 'tORWBQšUXM@"6x¸lÍfqO=ORMXWBQq”'UXfqIÙDFÜtILKNMPORQ%lOR[TZWVUXWVORQ

UXfqIut_KNOtORMXILKdlOR^_TB}%O]ÎILKd“OUXf%KXIMPtORQ_}_ILKNMmᗠ8tORWBQ2UXML@upÐf_WBMbY\[xÛf)[Ii[gf)WV”RfqILKdlNf)[Q_lI

OvГIWBQq”¸[lLlILt_UPI}z [Q)}~YÙ[x*UXf_ILKXILv›OKNIi“IÙUXf_I֓ILUPUPILK.Ot_UXWVORQ:@¸ÑIQ_lIz MPITVÌMXfÒt)KXOtORMPILKNM

cefqOÙIÓ=tIlUeQqIL”R[]UXWBI"KXIlLWBt_KXO/lL[T“If_[/WVOKÐOvKXIMPtORQ_}_ILKNMÐY\[x֓InWZQ_}_WÀÎILKXIQ2U6“ILUyc|ILIQ+UXfqI

?F|[Q_}+DFÜtILKÍMPORQ8lOR[TBWVUXWBORQ@ ƒ ^qKŠvOR^qKXUXfgf2x2tOUXfqIMNWBMŠMX^_Y\YÙ[]KNWVçLIMŠUXfqId[]“OInKXI[MPORQ)WBQq”q@

QFR%SUTWV;XZY;[\&[qp;crtsNu

߈W›ârsQ\pdA Fy?á •[Q_}\pe?Fy?— "t_KXOtORMPILKÍM‚lNfqO=ORMPIeUXf_I?FÜtILKNMPORQ\lOR[TBWBUXWVORQ&]û#/ÙY\[]ÚIe}qIYÙ[Q_}_M

 e ïèA Ž Ù[Q_}W e ï´A?— /z)KNIMPtIlUXWVITVx@

߈WBW›â rsQ8pdA FNA? Ùt_KXOtORMPILKNMŠlÍfqO2ORMXIdUXfqInDFÜtILKNMPORQ8lOR[TZWVUXWVORQ0]ûZ/gY\[]ÚIn}qIYÙ[Q_}_MYDeGïèA/@

߈WBWBWâbrsQ~p?Fy?/AÛt_KXOtORMPILKNM•Y\[xՓIÖWBQ)}_WÀÎILKXIQšU"“ILUHc6ILIQöUXfqI8?Fm[Q)}öDFÜtILKNMXORQ~lOR[TZWVUXWVORQ@

pÐfqILKNILv›OKXIzUXfqInvKXIÊ=^qIQ_lxgOv ?FÜtILKNMPORQ+lOR[TBWVUXWVORQ)MeWBMTVOc6ILKUXf)[Q+WBQ’pdA Fy?á '[Q_}+p?Fy?— /z

“)^qU‚f_WB”RfqILK‚UXf_[QuWBQupdA FNA? /@ r÷Q\?FÜtILKNMPORQÙlOR[TBWVUXWVORQ_Mt)KXOtORMPILKNM‚Y\[]ÚIÐ}qIYÙ[Q_}_MEDeGïèAR— /z

[Q_}8WZQ8DFÜtILKÍMPORQ8lOR[TBWVUXWBORQ_Mjt_KXOtORMPILKNMŠ}_IY\[Q_}WeGï´A/@

߈WV_ârsQÙ[TBT)UPKXI[]UXYuIQ2UXMjWBQÙ[Q2xu“)[]KX”R[WBQ)WBQq”nMX^_“_”R[YuIeUXf_I}qIY\[Q)}_MßO]ÎILKNMÍâ []KXIlORQ)MXWB}qILKN[]“TVx

r÷vUXf)WBMÐf2x2tOUXfqIMXWZMjUX^qKNQ_MjOR^qUeUPOifqORTB}:z/WBUÐf_[MeMPUPKNORQq”ÙMPO/lLWB[T[Q_}gIlORQ_ORY\WBlnWZYut)TBWBlL[]UXWBORQ_ML@JryU

MX[x=MbUXf)[]Ucef_IQqILILKbUXfqInIilLWBIQ_lx’TVORMXM}_^qI"UPO'UXfqI•lÍfqORWBlI•Ov ['MXY\[TBTlOR[TBWVUXWVORQ¸WBMQqOUUPO2O

f_WB”Rf'c|ImceWZTBT)O“MPILKXInWBQ_IilLWVIQ2U6OR^_UXlORYuIMe[Q_}gMXO=lLWB[TIÓqlLTB^_MNWVORQg}_^qIbUPOuUXfqIdWBQ2UPILKN[lUXWVORQ8Ov

MPITVÌMXf_QqIMNMŠ[Q_}Ò߈[QšUXWZlLWVt)[]UPI}âjQ_IL”R[]UXWVInKXIlLWBt_KXO/lLWVUHx@

v ó.ô

oÖ;Å:Éd bZbejHwø;ÇJjs

rsQ'UXf_WBMŠMPIlUXWBORQ'c|Imt_KNIMPIQšUŠUXf_ImKXIMX^_TVUXM6OvJOR^qKŠIÓ/tILKÍWBYuIQ2UL@‚Ø%In[]KXId^_MXWZQq”"UXf_ItO=ORTVI}g}_[]UX[

vKXORYìÞmxOUPOm[Q_}b=bWVIQ_Q)[/@CÏYuOKNI|}qILUX[WBTBI}"MPUX^)}qxd[]“OR^qU0tORMXMXWB“)TVI;lKXORMXMPFHlL^_TVUX^qKN[T2}_WÀÎILKXIQ_lIM

WBM KXILtOKXUPI}ÙWZQÙ[QÖ[lLlORYut)[Q2x=WBQ_”nt)[]tILK߈MXILI

ƒ

Ú][}_["[Q_}ÙwWVI}_TßsAàààRâPâÍ@|ryU6}qO=IM|QqOU|KXILI[T

[Q2xÒMXWV”RQ_WVÌlL[QšUn“If)[/WVOKN[T;}_WVÎILKXIQ)lI\OvÐMX^q“/ËPIlUXMnWZQ*ÞmxOUPOÛ[Q_}>=bWVIQ_Q)[/@ÖpÐf_IÙMX^q“/ËPIlUXMLù

[ILKN[]”IÛI[]KNQ_WBQq”RM+߈QqILU\OvdMXfqOca^qt×v›ILIM xLâ\WBQÏpdAgc6ILKXI’C‚p‘ÏD Ž zFuWBQ<=WBIQ_Q_[Ò[Q_}yMb€ °

D/A Ž A]zF\WBQäÞmxOUPOq@rsQÏpe?%MN^q“/ËPIlUXM\I[]KNQqI}×ORQ×[ILKN[]”I¸C‚p‘ÏD /zFuWBQy=bWVIQ_Q_[%[Q_}yMb€ °

?à—?=zFWBQuÞmxOUPOq@;CTBTqMPIMXMXWBORQ_M‚TB[MPUPI}u[]t_t)KXOÓqWBY\[]UPITVx"UXfqKXILIÐfqOR^_KNML@Jr÷Q.UXfqIŠvORTBTVOceWBQq”bc6IjÌ)KNMPU

t_KNIMPIQšUbUXfqIuO“MPILKXI}%Y\[WBQ¸KXIL”R^)TB[]KNWVUXWVIMblORQ_lILKÍQ_WBQq”ÖUXfqI\lOR[TBWVUXWBORQ¸}_IlLWBMXWVORQ_M@npÐfqILKXI[]vUPILKz

c6I8[Q_[TVx=çLIgUXfqIg“If_[/WVOKuOvKXIMPtORQ_}qILKÍM•[Q)}öt_KXOtORMPILKNM.WBQ~UXfqIg“)[]KN”R[WBQ_WBQq”ÛMPUX[]”I8OvUXfqI

”R[YuI@6pÐfqIdMPIlUXWBORQ8lLTVORMPIMeceWVUXfg[\}_WZMXlL^_MXMXWBORQÙOvUXfqInWZQ_}_^_lI}'WBQqIÖlLWVIQ_lLWVIML@

zrts )~?‰i„ˆ†…†ˆ~:€ ‘’z#“N†ˆ} †3~:€¬}

ƒ ^_KmÌ)KNMPUnKXIMX^_TVUdlORQ)lILKNQ_MdUXf_IilOR[TBWVUXWBORQÒ}qIlLWBMXWBORQ_MdWBQ%UXf_IÙ}_WÀÎILKXIQ2UnlORQ_}_WVUXWBORQ_ML@ipefqI\t_KXO]F

tORMPILKNM‚f)[}.UPOdlNfqO=ORMPIŠ“ILUHc6ILIQuUXfqIe?FÜtILKNMPORQulOR[TZWVUXWVORQ.ceWVUXf.[b][TB^qIjOv?á /zq?— /zq?/A/zšOK

A? btORWBQ2UXMLz]KXIMPtIlUXWVITVxzR[Q)}nUXfqIÐDFÜtILKNMPORQ•lOR[TBWVUXWBORQ"cWVUXf"[][TB^qI6OvD btORWBQšUXM@‚hjf_O2ORMsF

WBQ_”uUXfqIn?FÜtILKNMPORQ8lOR[TBWBUXWVORQ8YuI[Q_MÐUXf_[]UÐUXfqIdt)KXOtORMPILKÐ}qIlLWB}qIMÐv›OKe[Q’WBQqIilLWVIQ2UÐ[TBTVO/lL[]UXWVORQ

[Q_}’TVI[IMORQqImOv‚fqILKГ)[]KN”R[WBQ_WBQq”•t)[]KXUXQ_ILKNMŠceWVUXfg[\t)[xO]Î%OvçLILKXOq@

Ö#2<4›’ IÜúLH{D'qüûü(]ü">6'/ü>( )ü!P<M6'/ü•›}|ý qü"]ûÛÿúˆúû’ú4e'šúH2 'I—ÙߖA˜K™;œsâU´ñ?á &"

—iߖA˜K™;œ÷âY´ì?— L~=)'2=ü 9P®"Íú-VP<e Z"P NLü"T Z6Ÿ<" 6'/üG›}| _ü"]ûöÿ úˆú]ûZ7WIÜúú1L^€4<

6'/üG( º)üGP<!6'/üp›}|ý qü"]ûÕÿ úˆú]ûÒú4dú›û.]ûÛúûHü"ÙüK/]úHüG"$]û,2=ü)I6—ÖߖA˜K™;œ÷⬴ñ?/AL~Ÿˆú66

% Ne' <)P<T6'/ü• #"$ ü"gÿ'ü)6'/üS›}|ý qü"ûäÿ ú6ˆú]û#7­IÜúú›úLO? "S&H CQ( º_üD$<96'/ü

J4ÿ úˆú]û³I6—iߖA˜K™;œ÷âU´øA? L) ºJ e 6 #"$ ü"uÿ'üJ º9A ºCU - 6'/ü;2"Pû#/

ÿ ú6ˆú]û#7

‚ üûÿ ü~Šú< 6'/ü9()ü9$<G6'qüJ›}|ý qü"]ûöÿ ú6ˆú]ûöú4•û#e3&B Cƒ~Ðúûüþý×ÿLúÜüûe 6Hÿˆú]ûNSû#/

ÿLú üšÿÍú]ûÛú4p%ü"(]üK/7

pOgt_KXO=WB}_I•IL/WB}qIQ)lIuv›OKmUXf_WZMbKXIMX^_TVUc6IÙ}qILt)WBlUPI}¸UXfqIuILORTZ^qUXWVORQ%OvjlOR[TBWVUXWVORQ%}_IlLWBMXWVORQ_MbWBQ

Ì)”R^_KXIj?.߈WBQ•[}_}_WBUXWVORQdUX[]“)TBIŠ?TBWBMXUXM0UXfqI6tILKNlIQ2UX[]”IM‚Ov)lNf_ORMPIQ\?FÜtILKNMPORQ.lOR[TBWVUXWVORQ)MtILKJKXOR^_Q_}

[Mec|ITBT[M[lKXORMXMeKXOR^_Q_}_M âÍ@

„ Ö¥¿»¦Á¿Å$ÈWÌÃY¸B»P»:ÈiÀÁi·#Ö?؅0 )×ü|É5Ê

7

É5»PÊÊÀÀÊ Ä‡†ƒCˆjR¾)))×ü#É5Ê

(

ÒŹ3ÅÕ ûÊ (

ÒŹ3Å+É5Ê=ÀÄÄÉй3É1ÅÊ=¹3Å+¹3¿À¹iÀ

‰

¹¼ˆÀÊÁÃż¹ˆÀK¹3É5ÅÊ>¸º»P»ŠAŸD†‹CljŒ8 ))×üÈiÀÁià ÀÉ1Äe¹3ÅYÁÌÍÚ»PÂt¹3Á¥¸º¼3ÅÎXÌÊÉ5Ï»¯¼3ÁÉй3É5»PÁiŹ3¿»¯¼i¹3¿ÀÊ ÒŹ3ō¦ÊÉ5Ï»t¼3ÁÉ5¹4ÒÕ

{WV”R^qKXId?[

r÷UÖWZMÙO“==WBOR^_MÙvKXORY Ì)”R^qKXIÛ?*[Q)}×UX[]“)TBI¸?*UXf_[]UÖWZQ-pdA Fy?á ö[Q_}Ôpe?Fy?— äWBQ-[TBTKXOR^_Q_}_M

YuORMXUet_KXOtORMPILKÍMe}_WB}’QqOUlL[]KXI•[]“OR^qU[Ùv[WVK}_WBMPUPKÍWV“)^qUXWVORQ'[YuORQ_”i[TBT0UXfqKXILI"Y\IYn“ILKNMWBQgUXfqI

“)[]KN”R[WBQ_WBQq”m”KNOR^qt:@r÷QÙt)[]KXUXWBlL^)TB[]KzRILIQÖWBQuUXfqIeÌ)KNMPU KXOR^_Q_}uOv:pnA Fy?á 'ßcf_WBlNf\c6[M|UXfqIeILKNx

Ì)KÍMPU KXOR^)Q_}\OvUXfqIIÓ/tILKÍWBYuIQ2UÍâ;D Ž OR^qU|Ov Ž …dt_KNOtORMXILKNMßÜæ]Doà\â6f)[IblNfqORMPIQÖUXfqIm?FÜtILKNMPORQ

lOR[TBWBUXWVORQ@×rsQÏUXf_IgÌ)KNMPUuKNOR^_Q_}äOvmpdA Fy?— ÕILIQÔáDoDÒtILKNlIQšU¸ßsA—ÒOR^qUÙOv.AáRâuOt_UPI}-v›OK

UXfqIMXY\[TBT)lOR[TBWVUXWVORQ@6OUXfÙO“MPILKX][]UXWVORQ_M WZQ_}_WBlL[]UPIÐUXf)[]U [nf=^q”IYÙ[ËsOKNWBUHx.OvUXfqIÐt_KNOtORMXILKNM;WBM

QqIWBUXfqILK‚WBQ”^qIQ)lI}d“=xnQqOKNY\MOv)vˆ[WVKNQ_IMXMQ_OKJ“=xnQqOKÍY\MJOv_IilLWVIQ_lx@ ‘=O/lLWB[T2IÓ/lLTZ^_MXWVORQ"UX[]ÚIM

t)TZ[lIiKNWB”RfšU"v›KXORY UXfqI֓IL”RWBQ_Q_WZQq”q@8{_^qKXUXf_ILKNYuOKXIz‚UXfqILKNIÖWBM•QqO+UPIQ_}qIQ_lxÒUXf)[]U•UXf_IÖQ=^_Y"“ILK

OvÐ?FÜtILKNMPORQÒlOR[TZWVUXWVORQ_Mb][Q_WBMXf_IMbcefqIQ%UXfqIutTB[xILKNMd”R[WBQ%IÓ/tILKÍWVIQ_lI@\pÐfqIuOt)tORMNWVUPIuUX[]ÚIM

t)TZ[lI@rsQ8UXfqI•UXf_WVKÍ}8KXOR^_Q)}’WBQ+pdA Fy?á 'UXfqI•v›KXIÊ=^qIQ_lxgOv ?FÜtILKNMXORQ¸lOR[TZWVUXWVORQ_MWBQ_lKXI[MPIMUPO

á Ž oá [Q_}ÖKXIY\[WBQ_Mj[]KXOR^)Q_}gà ¤WBQÖUXfqImTB[MPUjUXfqKXILIbKXOR^)Q_}_ML@rsQÖp?Fy?— uUXfqImtILKNlIQ2UX[]”ImOv

?FÜtILKNMPORQ¸lOR[TBWVUXWBORQ_Me}qKNOt)MŠvKXORY¢ááoàiWBQ’KXOR^_Q_}’?\UPOgæ]?o?iWBQ’KXOR^_Q_} Ž z“)^qUWBQ_lKXI[MPIM[]”R[WBQ

UPOÙ[TZYuORMPUà utILKNlIQ2UÐWBQgUXf_IdTB[MPUŠUHc6OÙKNOR^_Q_}_ML@

pJ[]“)TVIn?[Ž%6‘’I“”9•–‘Dƒ^—  ˜“N— ó

ÇKü

2

»¯¼3ÁÅÊb™ZÅÀÆ1Éй3É5ÅÊÁ¦É5Ê;Ö¦¾ Ç$ü

2

»t¼3ÁÅÊF™ZÅÀÆ5Éй3É1ÅÊÁÉ1Ê;Ö?Ç

š

ÅÌÊÄ '<›¦ÍÁ»¯¼3ÏÀ¹3É5ÅÊÁ Ö¦¾¯ü6Ç 4)) Ö¦¾tü3¾KÇ)) 'y›¦ÍÁ»t¼3ÏÀK¹3É1ÅÊÁ Ö?Ç$ü6Ǿ/)) Ö?ÇKü6Ç8 ))

¾ 1-+ 03œ. 1œ3- ¾4 ++œ0 43œ3-

Ç 1-+ 03œ. )œ)- ¾4 11œ1 44œ.-

3 1-+ 41œ4 )œ)- ¾4 11œ1 44œ.-

1 1-+ 41œ4 )œ)- ¾4 11œ1 0ǜǝ

8 1-+ 04œ3 ǜǝ ¾4 ++œ0 00œ4-

+ 1-+ 4-0œ) 1œ3- ¾4 11œ1 43œ3-

0 1-+ .¾œ3 )œ)- ¾4 8)œ)- 44œ.-

4 1-+ 4-0œ) )œ)- ¾4 11œ1 44œ.-

·:Æ5Æ

š

ÅÌÊ ÄÁ 3+4 4ǜ+ ¾œ1 ¾11 8)œ0 41œ)

CETVO=OÚi[]UÐUXf_InlOKXKXITB[]UXWBORQg“ILUHc6ILIQ’lNf_ORMPIQ+?FÜtILKNMPORQglOR[TZWVUXWVORQ_MÐ[Q)}'KXOR^_Q_}_MŠMN^qt_tOKXUXM6UXf_WBM

O“)MXILKX3[]UXWBORQ@n{qOKnpnA Fy?á gUXfqIّ=tI[]KNY\[Q¸KN[QqÚ2FÜOKN}qILKmlOKXKNITB[]UXWVORQ%lO=IilLWVIQ2UmOv6?FÜtILKNMPORQ

lOR[TBWBUXWVORQ_M:ORQ"KXOR^_Q)}_Mx/WVITB}_M:[][TB^qI;OvŸž Ÿ´ oáRæ•ßˆMXWV”RQ_WVÌlL[QšU[]Ul¡&ð²5R—=zšORQqIFÜUX[WBTVI}"UPIMPUÍâÍ@

rsQ*pe?Fy?— +UXfqIÙlOKNKXITB[]UXWVORQÕWBMd[TBMPO’tORMNWVUXWVI’ß&ž  ´cBAæâÍz;fqOc6ILILK•Q_OUnMXWV”RQ_WVÌlL[QšUL@ÖpÐf_WBM

WBQ)}_WBlL[]UPIMUXf_[]U;WBQ.pdA Fy?á nt_KXOtORMPILKNM‚lÍfqO=ORMPIŠUXfqIe?FÜtILKNMPORQ\lOR[TZWVUXWVORQuYuOKXIjOvUPIQucefqIQ.UXf_ILx

”R[WBQiIÓ/tILKÍWVIQ_lI@‚CTBKXI[}qx.IÓ=tILKNWBIQ_lI}\t_KNOtORMXILKNMEë\[M|WZQÙpe?Fy?— !ë\MXfqOcQqO"UPIQ_}qIQ_lxuUPO

lÍfqO2ORMXInUXfqIn?FÜtILKNMPORQ’lOR[TBWVUXWVORQ8TBIMXMjOv›UPIQ’OILKKXOR^_Q_})ML@

{_^_KXUXfqILKNYuOKNIz)ILIQ’WBvUXfqI"3[TZ^qImOvUXfqI•?FÜtILKNMPORQ’lOR[TBWVUXWVORQ+WBMŠORQ_TVxg?/AitORWZQšUXMÐ[]“OR^qUÐf)[TVv

Ov•UXfqIÛt_KXOtORMPILKNM'}qOäQqOUgfqIMNWVUX[]UPI%UPOäIÓ/lLTZ^_}qI¸ORQqIÛOv"UXfqIÛKXIMXtORQ)}qILKNMiv›KXORY “[]KX”R[WBQ_WBQ_”

[Q_}älÍfqO=ORMPI8UXfqIgWBQqIÖlLWVIQšUulOR[TBWBUXWVORQ@*rsQöUXfqIÖÌ)KNMXU•KNOR^_Q_}~Ovp?Fy?/A%UHc6OÒUXf_WVKÍ}_M•OveUXfqI