Sanwa Electronic Instrument Co EDFCDRI EDFC Active Driver Unit User Manual INSEC ACT 01 201301

Sanwa Electronic Instrument Co Ltd EDFC Active Driver Unit INSEC ACT 01 201301

USERS MANUAL

+PQTFGTVQKPUVCNNCPFWUGVJG'&(%#%6+8'KPIQQFEQPFKVKQPDGUWTGVQTGCFVJKUOCPWCNKPKVUGPVKTGV[VQQDVCKPCEQORNGVGWPFGTUVCPFKPIQHVJGEQPUVTWEVKQPUCPFHWPEVKQPU2NGCUGMGGRVJKUOCPWCNHQTHWVWTGTGHGTGPEGCPFVTCPUHGTKVYJGPVJGRTQFWEVQTVJGXGJKENGKUVTCPUHGTTGFVQCPGYQYPGT6'+0KU016NKCDNGHQTHCVCNCEEKFGPVUKPLWTKGUOCVGTKCNFCOCIGUGVEECWUGFD[FKUTGICTFKPIVJGEQPVGPVUKPVJGOCPWCN2NGCUGPQVGVJCV6'+0UJCNNPQVCUUWOG#0;EQUVUHQTTGOQXCNKPUVCNNCVKQPTGNCVKXGNCDQTVTCPURQTVCVKQPTGRCKTCPFNQUUQHVKOG$GUWTGVQHQNNQYCNNVJGKPUVTWEVKQPUGURGEKCNN[VJGUVGRUYKVJVJGHQNNQYKPIU[ODQNUCUVJGUGKPXQNXGUWDUVCPVKCNTKUMUҋ/GCPKPIQH/QUV+ORQTVCPV#DDTGXKCVKQPUCPF5[ODQNUKPVJKU/CPWCNҌ5JQWNFCUVGRYKVJVJKUKPFKECVKQPDGKIPQTGFQTKORTQRGTN[EQORNGVGFVJGTGKUCTKUMQHECWUKPIUGTKQWUOCVGTKCNFCOCIGRJ[UKECNKPLWT[CPCEEKFGPVQTGXGPFGCVJ5JQWNFCUVGRYKVJVJKUKPFKECVKQPDGKIPQTGFQTKORTQRGTN[EQORNGVGFVJGTGKUCRQUUKDKNKV[QHRJ[UKECNKPLWT[QTOCVGTKCNFCOCIGҋ/GCPKPIQH#DDTGXKCVKQPUCPF5[ODQNUKPVJKU/CPWCNҌ/CVVGTVQDGEQPHKTOGF 4GHGTGPEG  4GEQOOGPFGFVKIJVGPKPIVQTSWG1RGTCVKQPUHWPEVKQPUGVEQPN[GPCDNGFYJGPQRVKQPCN)25-KVKUKPUVCNNGFWUGF㪩㪜㪝㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪮㪘㪩㪥㪠㪥㪞㪚㪘㪬㪫㪠㪦㪥&TKXGTWPKVUJCXGDGGPRCKTGFKFGPVKHKGFYKVJVJGEQPVTQNNGTCVVJGVKOGQHUJKROGPV6CMGCPQVGQHUGTKCNPWODGTUQHFTKXGTWPKVUCPFJQYVJGWPKVUCTGKPUVCNNGF;QWYKNNPGGFVJGUGKPHQTOCVKQPHQTUGVWRCPFVTQWDNGUJQQVKPI5KZFKIKVUHQNNQYKPI&4+QHUGTKCNPQCTG&TKXGT+&%QODKPCVKQPQHPWODGTUCPFNGVVGTU#VQ(9TKVG(VQT4TFCORGTHQTYJKEJFCORGTGCEJFTKXGTWPKVKUWUGF%JQT%JKUOCTMGFQPECDNGVCIQHFTKXGTWPKVUEQPPGEVGFVQOQVQTU9TKVGYJKEJOQVQTVJGEJCPPGNKUEQPPGEVGFVQGI(QTFCORGTUYKVJUKOWNVCPGQWUEQORTGUUKQPTGDQWPFCFLWUVOGPVOQVQTHQTUJQEMCDUQTDGTψ9TKVGTKIJV4QTNGHV.GI(QTFCORGTUYKVJUGRCTCVGEQORTGDQWPFCFLWUVOGPVOQVQTUHQTUJQEMCDUQTDGTψ9TKVG4%QOR44GDQWPF.%QORQT.4GDQWPF(QTKPFKXKFWCNEQORTGDQWPFCFLWUVOGPVFTKXGTWPKVECPEQPVTQNOQVQTUEQORTGDQWPFQPUJQEMCDUQTDGT4GHGTVQRI6CDNG
٨+PUVCNN'&(%#%6+8'RTQRGTN[VQEQORN[YKVJTQCFVTCHHKECEVCPFQVJGTTGNCVGFTGIWNCVKQPU٨0GXGTQRGTCVGVJGRTQFWEVQTUVCTGCV.%&YJKNGFTKXKPICUKVOC[XKQNCVGVJGNCY6JGTGKUCNUQCRQUUKDKNKV[QHECWUKPICPWPRTGFKEVGFCEEKFGPVTGUWNVKPIKPCPKPLWT[QTGXGPFGCVJ٨8GJKENGURGGFUFKURNC[GFKP'%(%#%6+8'CTGHQTTGHGTGPEGQPN[#NYC[UFTKXGKPCEEQTFCPEGYKVJXGJKENGUURGGFQOGVGT٨7UGTVCMGUHWNNTGURQPUKDKNKV[HQTVJGKPUVCNNCVKQP'PUWTGVJCV[QWJCXGECTGHWNN[TGCFCPFHWNN[WPFGTUVQQFVJKU+PUVTWEVKQP/CPWCNDGHQTGCVVGORVKPIKPUVCNNCVKQP6'+0TGEQOOGPFUVJCVCPKPGZRGTKGPEGFWUGTUJQWNFQPN[KPUVCNN'&(%#%6+8'WPFGTSWCNKHKGFUWRGTXKUKQP٨+PUVCNN'&(%#%6+8'CHVGTVJGGPIKPGDTCMGUCPFUWTTQWPFKPIRCTVUEQORNGVGN[EQQNGFFQYP+OOGFKCVGN[CHVGTFTKXKPIVJGGPIKPGQTVJGUWTTQWPFKPIRCTVUUWEJCURKRKPIDTCMGUGVECTGGZVTGOGN[JQVCPFVJGTGCTGRQUUKDKNKVKGUQHUGTKQWUKPLWTKGUUWEJCUDWTPU٨2TKQTVQKPUVCNNCVKQPECTGHWNN[UVWF[YJGTGCPFJQYVQKPUVCNN'&(%#%6+8'VQRTGXGPVKVHTQOEQOKPIQHHQTKPVGTHGTKPIYKVJPQTOCNFTKXKPIQRGTCVKQPU+ORTQRGTKPUVCNNCVKQPOC[ECWUGFCOCIGUKPVGTHGTGPEGYKVJFTKXKPIQTCEEKFGPVU٨9JGPNKHVKPIQTLCEMKPIWRVJGXGJKENGHQTKPUVCNNCVKQPCNYC[UWUGCUVQRRGTQTOQWPVCZNGUVCPFULCEMUVCPFUVQUGEWTGVJGXGJKENG٨2NGCUGGPUWTGVJCVVJGTGCTGPQNQQUGKVGOUKPVJGFTKXGTUEQORCTVOGPV+HCP[KVGOUJQWNFIGVECWIJVWPFGTVJGDTCMGRGFCNKVOC[FCPIGTQWUN[ECWUGRTGXGPVKQPQHDTCMGQRGTCVKQPYJGPTGSWKTGF+/2146#06 6JGHQNNQYKPIUUJQWNFCNYC[UDGHQNNQYGF+/2146#06 6JGHQNNQYKPIUUJQWNFCNYC[UDGHQNNQYGF٨0GXGTKPUGTVCHNCVJGCFUETGYFTKXGTQTQVJGTRTQFWEVUKPVQVJGEQPPGEVQTUVQRTGXGPVFCOCIGUCPFQTOCNHWPEVKQPU٨0GXGTFKUCUUGODNGCP['&(%#%6+8'EQORQPGPVU+HFKUCUUGODNGFKVOC[DGFCOCIGFDTQMGPOC[PQVYQTMRTQRGTN[CPFYKNN016DGEQXGTGFWPFGTYCTTCPV[٨#U'&(%#%6+8'KURTGEKUGN[OCFGPGXGTFTQRQTECWUGUJQEMDNQYVQKV+HCUVTQPIUJQEMDNQYKUIKXGPKOOGFKCVGN[UVQRWUKPIKVCPFKPURGEVKV٨$GHQTGKPUVCNNCVKQPEQPHKTOVJCVVJGTGKUPQGZEGUUKXGQTUJCTROCVGTKCNQPGCEJEQORQPGPV٨6QKPUVCNN'&(%#%6+8'KVKUPGEGUUCT[VQOQFKH[CPFQTTGOQXGRCTVUQTGNGEVTQPKECRRCTCVWUHTQOVJGXGJKENG6'+0VCMGUPQTGURQPUKDKNKV[HQTVJGFCOCIGQHUWEJRTQFWEVU٨'&(%#%6+8'TWPUQPN[QP8RQYGTUWRRN[QPN[QP8RQYGTUWRRN[CPFECPPQVDGWUGFQPXGJKENGUVJCVWUGFKHHGTGPVXQNVCIGECPPQVDGWUGFQPXGJKENGUVJCVWUGFKHHGTGPVXQNVCIGUWEJCU8UWEJCU8٨'&(%#%6+8'KPTCTGECUGUOKIJVKPVGTHGTGYKVJXGJKENGUQVJGTGNGEVTQPKEEQORQPGPVU٨0GXGTEQPPGEVVJGYKTGEQPXGTUGN[QTOKUVCMGVJGEQPPGEVKQPQHVJGYKTGKPQTFGTVQRTGXGPVUJQTVEKTEWKVKPI+HKVIGVUUJQTVEKTEWKVQVJGTGNGEVTQPKECRRCTCVWUOC[CNUQDGFCOCIGF٨$GHQTGYKTKPIDGUWTGVQTGOQXGVJGMG[HTQOVJGKIPKVKQPCPFFKUEQPPGEVVJGPGICVKXGVGTOKPCNHTQOVJGDCVVGT[KPQTFGTVQRTGXGPVUJQTVEKTEWKVKPIFWTKPIKPUVCNNCVKQP٨+HVJGECDNGKUFKUEQPPGEVGFHTQOVJGPGICVKXGVGTOKPCNQHVJGDCVVGT[VJGOGOQT[EQPVGPVUQHQVJGTGNGEVTQPKEFGXKEGUUWEJCUVJGENQEMECTCWFKQGVEOKIJVDGFGNGVGF$GHQTGKPUVCNNCVKQPEQPHKTOVJGQRGTCVKQPQHGCEJQHVJGUGHWPEVKQPUCPFKHPGEGUUCT[RNGCUGTGUGVCHVGTKPUVCNNCVKQPKUEQORNGVGF٨&Q016FCOCIGRTGUUQTRWNN'&(%#%6+8'ECDNGVQRTGXGPVFKUEQPPGEVKQPQTGNGEVTKENGCMCIG#XQKFIKXKPIECDNGCUVTQPIRWNNYJGPEQPPGEVKPICPFQTFKUEQPPGEVKPI٨9JGPWUKPIFQWDNGUVKEMVCRGRNGCUGWUGCPGWVTCNFGVGTIGPVVQYKRGQHHFWUVCPFQKNHTQOVJGUWTHCEGRTKQTVQKPUVCNNCVKQP٨0GXGTKPUVCNNVJGEQPVTQNWPKVVJGFTKXGTWPKVCPFQTVJGRQYGTUWRRN[HKNVGTKPVJGHQNNQYKPICTGCUVQRTGXGPVFGHQTOCVKQPQHVJGECUGCPFQTOCNHWPEVKQP࡮*WOKFQTFWUV[CTGC࡮#P[CTGCYKVJJKIJVGORGTCVWTGFWGVQDGKPIGZRQUGFVQFKTGEVUWPNKIJVQTYCTOCKTHTQOVJGJGCVGT٨6QCXQKFUVCVKEFCOCIGVQVJGRTQFWEVDGUWTGVQFKUEJCTIGUVCVKEGNGEVTKEKV[VJTQWIJQVJGTOGVCNNKERCTVUGVEDGHQTGJCPFNKPIVJGRTQFWEV%NGCPVJGRTQFWEVRGTKQFKECNN[VQRTGXGPVFWUVCEEWOWNCVKQP٨5WFFGPEJCPIGKPVGORGTCVWTGOKIJVECWUGFGYEQPFGPUCVKQP.GVVJGRTQFWEVFT[QWVEQORNGVGN[DGHQTGVWTPKPIKVQPCUPQVFQKPIUQOKIJVECWUGKPVGTPCNFCOCIGU٨+HVJGOQVQTCPFQTFTKXGTWPKVCTGKPUVCNNGFKPCXGJKENGVTWPMOCMGUWTGVJGUGCTGPQVFCOCIGFD[VJGDCIICIGYJKNGFTKXKPI٨/QVQTCPFQTFTKXGTWPKVOC[DGEQOGJQVVJTQWIJQRGTCVKQP+HVJGUGCTGKPUVCNNGFPGCTVJGTGCTUGCVUQPOKPKXCPUGVEYCVEJRCUUGPIGTUGURGEKCNN[DCDKGUCPFUOCNNEJKNFTGPPQVVQVQWEJVJGO#NNQYVJGOQVQTCPFFTKXGTWPKVVQEQORNGVGN[EQQNQHHDGHQTGJCPFNKPI٨-GGROCIPGVKEECTFUETGFKVECTFUGVECYC[HTQO'&(%#%6+8'OQVQTCUVJGOQVQTWUGUCUVTQPIOCIPGVYJKEJOC[FCOCIGVJGECTF㪮㪘㪩㪥㪠㪥㪞㪚㪘㪬㪫㪠㪦㪥
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㧕(KVVJGJGZCIQPVKRQHVJGOQVQTQHVJG'&(%#%6+8'KPVQVJGJGZUETGYKPENWFGFKPVJGOQVQTMKV(KIWTG5ETGYVJGOQPN[D[JCPFFWTKPIKPUVCNNCVKQPCUVJGOQVQTCPFQVJGTRCTVUCTGRTGEKUGN[OCFG$GUWTGPQVVQKORQUGUVTGUUVQVJGO㧕*QNFVJGOQVQTD[JCPFCPFWUGCHNCVJGCFUETGYFTKXGTVQVWTPVJGUNQVVGFUETGYNQECVGFQPVJGVQREGPVGTUGEVKQPQHVJGOQVQTHWNNTGXQNWVKQPUKPVJGENQEMYKUGFKTGEVKQP(KIWTG㧕)GPVN[UETGYVJGOQVQTKPVJGENQEMYKUGFKTGEVKQPQPVQVJGRKUVQPUJCHVWPVKNKVUVQRU(KIWTG㧕7UGCHNCVJGCFUETGYFTKXGTVQUETGYVJGUNQVHWNNTGXQNWVKQPUKPVJGENQEMYKUGFKTGEVKQP㧕0QYHWNN[UETGYVJGOQVQTYKVJVJGFGUKIPCVGFVQTSWG0㨯Oޓ㧔MIH㨯OQTVJGUCOGCUVJGVQTSWGHQT/UETGY㧕$GECTGHWNPQVVQKORQUGUVTGUUVQVJGDNCEMEQNQTGFRCTVEQTGRCTVQPVJGUKFGQHVJGOQVQTYKVJVQQNUGVE+HUVTGUUKUKORQUGFVJGOQVQTOC[DGDTQMGP#NUQ0'8'4UETGYVJGOQVQTYKVJVJGVQTSWGQHQXGT0OQTVWTPKVHWTVJGTVJCPFGITGGUHTQOVJGJCPFVKIJVGPGFRQUKVKQP1VJGTYKUGVJGOQVQTOC[DGFCOCIGF㧕%QPHKTOVJCVVJGOQVQTUJCHVVWTPUD[WUKPIVJGHNCVJGCFUETGYFTKXGTVQVWTPVJGUNQVEQWPVGTENQEMYKUGTGXQNWVKQPCPFVJGPDCEMENQEMYKUGTGXQNWVKQP(KIWTG%QPHKTOKHVJGOQVQTUJCHVTQVCVGUUOQQVJN[CHVGTVJGOQVQTKUUETGYGFQP+HPQVUQOGRCTVUOC[DGDTQMGPQTKPEQTTGEVN[KPUVCNNGF+PVJKUECUGTGOQXGVJGOQVQTCPFEJGEMVJCVPQRCTVUCTGDTQMGP㧕#VVCEJTWDDGTEQXGTQPOQVQT(KIWTG*CPFNGTWDDGTEQXGTYKVJGZVTCECTG2WNNKPID[ITGCVHQTEGOC[ECWUGFCOCIG#XQKFNGCXKPICP[ICRDGVYGGPTWDDGTEQXGTCPFOQVQT/CMGUWTGVJCVECDNGRTQVGEVKQPVWDGKUEQXGTGFD[TWDDGTEQXGT$GUWTGVQCVVCEJTWDDGTEQXGTRTQRGTN[(CKNWTGVQFQUQOKIJVECWUGFWUVQTYCVGTVQGPVGTCPFCUCTGUWNVFCOCIGQTUJQTVGPVJGNKHGQHOQVQT#RRN[CUOCNNCOQWPVQHTWUVRTQQHQTITGCUGVQTWDDGTEQXGTQRGPKPIHQTGCUKGTKPUVCNNCVKQP㧕2NCEGECDNGVKGQXGTVJGRTQVGEVKQPVWDGPGCTEQPPGEVQTCPFVJGPHCUVGP(KIWTG$GUWTGVQHCUVGPVWDGYKVJECDNGVKG(CKNWTGVQFQUQOKIJVECWUGFWUVQTYCVGTVQGPVGTCPFCUCTGUWNVFCOCIGQTUJQTVGPVJGNKHGQHOQVQT㧕#RRN[UGCNCPVVQVJGUJCFGFCTGCKP(KIWTG6JGOQVQTOKIJVIGVYGVFGRGPFKPIQPYJGTGKVUKPUVCNNGF1RGPKPIQHECDNGRTQVGEVKQPVWDGPGGFUVQDGUGCNGFWRYKVJUKNKEQPUGCNCPVCUYGNN(KIWTG٨(QTKPUVCNNCVKQPQPKPXGTVGFV[RGFCORGTޓ࡮9JGPKPUVCNNKPIOQVQTQPVQKPXGTVGFV[RGFCORGTCRRN[UGCNCPVVQVJGUJCFGFCTGKP(KIWTGCVVCEJOQVQTVQFCORGTCPFVJGPRWVTWDDGTEQXGTQP+HTWDDGTEQXGTKUWPGXGPQTKVUQRGPKPIGPFKUTQNNGFWRHKZD[RWNNKPICPFTGNGCUKPIEQTPGTUUGXGTCNVKOGU(KIWTG-;-;-;(KIWTG(KIWTG(KIWTG(KIWTG (KIWTG(KIWTG(KIWTG(KIWTG (KIWTG(KIWTG(KIWTG(KVVJGJGZCIQPOQVQTVKRKPVQVJGJGZUETGY7UGHNCVJGCFUETGYFTKXGTVQVWTPHWNNTGXQNWVKQPUTQVCVKQPU)'06.;UETGYVJGOQVQTQPWPVKNKVUVQRU%QPHKTOVJGOQVQTUJCHVTQVCVKQP/CMGUWTGVJCVECDNGRTQVGEVKQPVWDGKUEQXGTGFD[TWDDGTEQXGT2NGCUGECDNGVKGQXGTRTQVGEVKQPVWDGPGCTEQPPGEVQTCPFVJGPHCUVGP#RRN[UGCNCPV㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪩㪜㪝㪩㪜㪝
%QPVTQNNGT %QPVTQNNGTWPKVECPDGKPUVCNNGFWUKPICJQQMCPFNQQRHCUVGPGTQTCFQWDNGUVKEMVCRGFGRGPFKPIQPVJGNQECVKQPCPFQTVJGRTGHGTGPEG(KZKVUGEWTGN[UQVJCVVJGEQPVTQNNGTFQGUPQVXKDTCVGFWTKPIFTKXKPI$GHQTGKPUVCNNCVKQPECTGHWNN[GZCOKPGYJGTGCPFJQYVQKPUVCNNKVCUKVUJQWNFPGXGTHCNNQHHQTKPVGTHGTGYKVJFTKXKPI+PEQTTGEVKPUVCNNCVKQPCPFQTKPCFGSWCVGRQUKVKQPKPIKUFCPIGTQWUCUKVOKIJVECWUGXGJKENGFCOCIGCPFKPVGTHGTGYKVJFTKXKPI0'8'4KPUVCNNVJGEQPVTQNNGTWPKVKPVJGHQNNQYKPICTGCUVQCXQKFOCNHWPEVKQPU࡮*WOKFQTFWUV[࡮#P[CTGCYJKEJDGEQOGUJKIJVGORGTCVWTGKGRNCEGUGZRQUGFVQFKTGEVUWPNKIJVPGCTJGCVGTQWVNGVU+HPQVUGEWTGN[KPUVCNNGFVJGEQPVTQNNGTOKIJVPQVDGCDNGVQFGVGEV)HQTEGUVCDN[6JKUOC[UJQTVGPVJGNKHGQHVJGCRRCTCVWUCPFQTUWURGPUKQP0'8'4KPUVCNNVJGEQPVTQNNGTWPKVPGCTEQOOWPKECVKQPFGXKEGUUWEJCUEGNNWNCTRJQPGU$NWGVQQVJCPFYKTGNGUU.#0+VOC[ECWUGOKUUQRGTCVKQP9JGPWUKPIFQWDNGUVKEMVCRGRNGCUGWUGCPGWVTCNFGVGTIGPVVQYKRGQHHFWUVCPFQKNHTQOVJGUWTHCEGRTKQTVQKPUVCNNCVKQP)HQTEGOKIJVPQVDGFGVGEVGFRTQRGTN[KHVJGEQPVTQNNGTWPKVKUKPUVCNNGFCVCITGCVGTCPING#FLWUVVJGEQPVTQNNGTWPKVUQVJGUETGGPKUHCEKPIYKVJKPFGITGGUVQVJGQRRQUKVGFKTGEVKQPQHVTCXGNDQVJJQTK\QPVCNN[CPFXGTVKECNN[㪮㪘㪩㪥㪠㪥㪞㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪩㪜㪝&TKXGT7PKV&Q016EQXGTVJGFTKXGTWPKVYKVJOGVCN6CMGCPQVGQHFTKXGT+&KPRI9JGPWUKPIFQWDNGUVKEMVCRGRNGCUGWUGCPGWVTCNFGVGTIGPVVQYKRGQHHFWUVCPFQKNHTQOVJGUWTHCEGRTKQTVQKPUVCNNCVKQP#PEJQTVJGFTKXGTWPKVWUKPICECDNGVKGQTFQWDNGUVKEMVCRGU#NNQYVJGFTKXGTWPKVVQEQORNGVGN[EQQNQHHDGHQTGJCPFNKPI+VOC[DGEQOGJQVYJKNGQRGTCVKPI&Q016KPUVCNNVJGFTKXGTWPKVKPVJGHQNNQYKPICTGCUVQCXQKFOCNHWPEVKQPU࡮*WOKFQTFWUV[CTGC࡮#P[CTGCYJKEJDGEQOGUJKIJVGORGTCVWTGKGRNCEGUGZRQUGFVQFKTGEVUWPNKIJVPGCTJGCVGTQWVNGVU&Q016RNCEGCP[QDLGEVUCTQWPFVJGFTKXGTWPKV&Q016RWVFQWDNGUVKEMVCRGQPVJGOGVCNUWTHCEGQHVJGECUG)25-KV1RVKQPCN#VVCEJVJG)25WPKVQPVJGFCUJDQCTFRCPGNDGNQYVJGHTQPVYKPFUJKGNF/CMGUWTGVJGECDNGKUNQPIGPQWIJHQTVJGKPUVCNNCVKQPNQECVKQP&Q016KPUVCNN)25WPKVKPVJGHQNNQYKPICTGCUVQCXQKFOCNHWPEVKQPU࡮*WOKFQTFWUV[CTGC࡮#P[CTGCYJKEJDGEQOGUJKIJVGORGTCVWTGKGPGCTJGCVGTQWVNGVU)25WPKVKU016YCVGTRTQQH+PUVCNNVJGWPKVKPVJGCTGCYJKEJFQGUPQVIGVYGV9JGPWUKPIFQWDNGUVKEMVCRGRNGCUGWUGCPGWVTCNFGVGTIGPVVQYKRGQHHFWUVCPFQKNHTQOVJGUWTHCEGRTKQTVQKPUVCNNCVKQP&GRGPFKPIQPNQECVKQPUEKTEWOUVCPEGU)25UKIPCNUOC[DGYGCMQTWPCXCKNCDNG㪩㪜㪝㪩㪜㪝㪩㪜㪝㪩㪜㪝㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥2QYGT5WRRN[(KNVGT +PUVCNNVJGRQYGTUWRRN[HKNVGTUGEWTGN[WUKPIFQWDNGUVKEMVCRGUGVE&Q016KPUVCNNVJGRQYGTUWRRN[HKNVGTKPVJGHQNNQYKPICTGCUVQCXQKFOCNHWPEVKQPU࡮*WOKFQTFWUV[CTGC࡮#P[CTGCYJKEJDGEQOGUJKIJVGORGTCVWTGKGRNCEGUGZRQUGFVQFKTGEVUWPNKIJVPGCTJGCVGTQWVNGVU9JGPWUKPIFQWDNGUVKEMVCRGRNGCUGWUGCPGWVTCNFGVGTIGPVVQYKRGQHHFWUVCPFQKNHTQOVJGUWTHCEGRTKQTVQKPUVCNNCVKQP㪩㪜㪝
9KTKPI㧕2QYGT5WRRN[(KNVGT%QPPGEVVQ2EQPPGEVQTQPEQPVTQNNGTWPKV٨#EEGUUQT[RQYGTUWRRN[4GFECDNG%QPPGEVWUKPIVJGDTCPEJEQPPGEVQTHTQOCEEGUUQT[RQYGTUWRRN[QHUWHHKEKGPVECRCEKV[UWEJCUCEKICTGVVGNKIJVGT٨)TQWPFECDNG$NCEMECDNG(KTON[EQPPGEVVQCDCTGOGVCNRCTVQHVJGXGJKENGCXQKFEQPPGEVKPIVQCRCKPVFCTGC㧕(TQPV4GCT&TKXGT7PKVU#DQXGFKCITCOUCTGHQTTGHGTGPEGQPN[#UVJGOQVQTRQUKVKQPUXCT[D[XGJKENGUVTWEVWTGRNCEGCTTCPIGVJGFTKXGTWPKVUCPFECDNGUVQVJGOQUVCRRTQRTKCVGRQUKVKQPUHQTGCEJXGJKENGOQFGN6JGMKVKPENWFGUNQPICPFUJQTVECDNGU7UGVJGOFGRGPFKPIQPEQPPGEVKPIRNCEGU6JGUJQTVQPGKUFGUKIPGFUWKVCDNGHQTVJGHTQPV٨8RQYGTUWRRN[YKTG4GFECDNG6JGYKTGUECPDGEQPPGEVGFGKVJGTFKTGEVN[VQVJGDCVVGT[EQPUVCPVRQYGTUWRRN[QTYKVJCEEGUUQT[RQYGTUWRRN[EQOGUQPYJGPVJGMG[KUKPCEEGUUQT[RQUKVKQP6CMGRQYGTHTQOGKVJGTUWRRN[UWKVCDNGHQTWPKVURQUKVKQP5VCPFD[EWTTGPVKHEQPPGEVGFVQEQPUVCPVRQYGTUWRRN[O#RGTFTKXGTWPKV٨)TQWPFECDNG$NCEMECDNG(KTON[EQPPGEVVQCDCTGOGVCNRCTVQHVJGXGJKENGCXQKFEQPPGEVKPIVQCRCKPVFCTGC9JGPEQPPGEVKPIVQCEEGUUQT[RQYGTUWRRN[EJQQUGVJGQPGYKVJGPQWIJEWTTGPVECRCEKV[+HVJGECRCEKV[KUPQVGPQWIJKVYKNNPQVRQYGTVJGOQVQT6JKUYKNNPQVQPN[FKOKPKUJVJGRTQFWEVUGHHGEVUDWVCNUQOKIJVECWUGPGICVKXGGHHGEVQPXGJKENGUQVJGTGNGEVTQPKEEQORQPGPVU6CMGCPQVGQHHTQPVTGCTFTKXGT+&UQPRI#UVJGEQPVTQNNGTCPFVJGFTKXGTUJCXGDGGPRCKTGFRTKQTVQUJKROGPVOCVEJVJG+&UKPVJGUGVVKPIYKVJVJGCEVWCN+&U%QPPGEVKQPVQVJGCEEGUUQT[RQYGTUWRRN[KUTGEQOOGPFGF%QPPGEVKPI/QVQTU٨(KTON[EQPPGEVVJGOQVQTCPFVJGFTKXGTWPKV٨(KZVJGEQPPGEVQTYKVJECDNGVKGCHVGTCNNQYKPIUWHHKEKGPVUNCEMQPVJGOQVQTUKFG٨&TKXGTWPKVECPDGEQPPGEVGFFKTGEVN[VQOQVQTUYKVJQWVWUKPIOQVQTECDNGU2NGCUGCNNQYGPQWIJECDNGUNCEMHQTVJGOQVQTVQVWTPYKVJVJGTQVCVKPIOQVKQPQHVJGFCORGT5WHHKEKGPVUNCEMKUGURGEKCNN[KORQTVCPVHQT(VUVTWVV[RGXGJKENGUKPQTFGTVQRTGXGPVVJGECDNGHTQODTCMKPIFWTKPIUVGGTKPICPFRQUUKDN[ECWUKPIUJQTVEKTEWKVU%JGEMYKTKPITGIWNCTN[CPFTGYKTGKHECDNGUCTGVYKUVGFCPFQTVCPINGFVQVJGOQVQT&KUEQPPGEVVJGOQVQTYJGP[QWCFLWUVVJGTKFGJGKIJVQHVJGXGJKENG+HPQVKVECPECWUGVJGECDNGVQDTGCMQTUJQTVEKTEWKV&Q016CNNQYCURTKPIVQJCXGRNC[+VOC[ECWUGRKUVQPTQFVQTQVCVGCPFVJGECDNGVQVCPINGFWR'CEJOQVQTJCU%JCPF%J$GUWTGVQTGEQTFYJKEJOQVQT(VQT4TGCEJEJCPPGNKUEQPPGEVGFVQRI%QPPGEV%JVQTGDQWPFCPF%JVQEQORYJGPFTKXGTEQPVTQNUUGRCTCVGN[CFLWUVCDNGUJQEMCDUQTDGT4GHGTVQRI6CDNG4GEQTFGXGT[EQPPGEVKQPKPRIVQKFGPVKH[GCEJFTKXGTCUUWEJKPHQTOCVKQPKUTGSWKTGFHQTVTQWDNGUJQQVKPI6JGYKTKPIFKCITCOUCTGUJQYPDGNQY+PQTFGTVQRTGXGPVWPGZRGEVGFUJQTVEKTEWKVCNYC[UFKUEQPPGEVVJGPGICVKXGDCVVGT[VGTOKPCNDGHQTGEQOOGPEKPICP[YKTKPIYQTM4GOGODGTVQTGEQPPGEVCHVGTEQORNGVKQP%QPPGEVGCEJWPKVVQRQYGTUQWTEGUUWEJCUCEKICTGVVGNKIJVGTYJKEJFQGUPQVKPHNWGPEGQPFTKXKPIKPECUGQHWPKVUVTQWDNG2QYGTUWRRN[HKNVGTHQTEQPVTQNNGTCPF)25WPKVUUJQWNFDGEQPPGEVGFVQCEEGUUQT[RQYGTUWRRN[+HKVWUGUVJGEQPUVCPVRQYGTUWRRN[VJGDCVVGT[YKNNDGFGCFKPCUJQTVRGTKQF㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥㪚㪘㪬㪫㪠㪦㪥'PIKP4QQO$C[.WIICIG6TWPM4QQO/QVQT%CDNG#%%TGF/#:#)TQWPFDNCEM 2/QVQT(4/QVQT(./QVQT%CDNG2#%%TGF/#:#)TQWPFDNCEM/QVQT(4/QVQT(.%CDKP22#%%TGF/#:#)TQWPFDNCEM)HQTEGOKIJVPQVDGFGVGEVGFRTQRGTN[KHVJGEQPVTQNNGTWPKVKUKPUVCNNGFCVCITGCVGTCPING#FLWUVVJGEQPVTQNNGTWPKVUQVJGUETGGPKUHCEKPIYKVJKPFGITGGUVQVJGQRRQUKVGFKTGEVKQPQHVTCXGNDQVJJQTK\QPVCNN[CPFXGTVKECNN[㪩㪜㪝
٨6QEWUVQOGTUYJQRWTEJCUGFUVTWVMKV'&--7UCIG%QPFKVKQPUޣ%QORQPGPVUޤ2CTV5VQRRGT2CTV5VQRRGT2CTV%QNNCT2CTV$QNVUJQTV+HVJGJGKIJVQHVJGRKNNQYDCNNECUGRKEVWTGVQVJGTKIJVYKVJUVCTOCTMKUNGUUVJCPOO ڎ72(KIWTG2CTV$QNV%QNNCT2CTV5VQRRGT2CTV$QNVUJQTV2CTV%QNNCT2CTV5VQRRGT2KNNQY$CNN%CUG2KNNQY$CNN7RRGT/QWPV7RRGT525GCV2KUVQP4QF䬈䎬䏑䏖䏗䏄䏏䏏䏄䏗䏌䏒䏑䎃䎳䏕䏒䏆䏈䏇䏘䏕䏈䬉䎃䎔䎌䎃䎬䏑䏖䏗䏄䏏䏏䎃䎊䎳䏄䏕䏗䎃䎆䎔䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎔䎌䎊䎃䏘䏖䏌䏑䏊䎃䏅䏒䏏䏗䏖䎃䏌䏑䏆䏏䏘䏇䏈䏇䎃䏌䏑䎃䏗䏋䏈䎃䏎䏌䏗䎑䎃䎃䎃䎍䎷䏋䏈䏕䏈䎃䏄䏕䏈䎃䏗䏚䏒䎃䏕䏒䏚䏖䎃䏒䏉䎃䏉䏒䏘䏕䎃䏖䏆䏕䏈䏚䎃䏋䏒䏏䏈䏖䎃䏒䏑䎃䏗䏋䏈䎃䏕䏈䏙䏈䏕䏖䏈䎃䏖䏌䏇䏈䎃䏒䏉䎃䎳䏌䏏䏏䏒䏚䎃䎥䏄䏏䏏䎃䎸䏓䏓䏈䏕䎃䎰䏒䏘䏑䏗䎑䫹䎸䏖䏈䎃䏗䏚䏒䎃䏋䏒䏏䏈䏖䎃䏄䏗䎃䏗䏋䏈䎃䏈䏑䏇䎃䏒䏉䎃䏈䏄䏆䏋䎃䏕䏒䏚䎑䎃䎃䎃䎍䎬䏉䎃䏗䏋䏈䎃䏄䏅䏒䏙䏈䎃䏌䏖䎃䏑䏒䏗䎃䏄䏙䏄䏌䏏䏄䏅䏏䏈䎏䎃䏐䏒䏙䏈䎃䏗䏋䏈䎃䏆䏄䏐䏅䏈䏕䎃䏄䏇䏍䏘䏖䏗䏌䏑䏊䎃䏅䏒䏏䏗䏖䎃䏗䏒䎃䏗䏋䏈䎃䏒䏑䏈䏖䎃䏌䏑䏖䏌䏇䏈䎑䎕䎌䎰䏒䏘䏑䏗䎃䎊䎳䏄䏕䏗䎃䎆䎕䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎕䎌䎊䎃䏗䏒䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎑䎃䎃䎃䎍䎩䏌䏗䎃䏓䏕䏒䏗䏕䏘䏇䏌䏑䏊䎃䏓䏄䏕䏗䎃䎊䎤䎊䎃䏗䏒䎃䏒䏑䏈䎃䏒䏉䎃䏗䏋䏈䎃䏙䏈䏕䏗䏌䏆䏄䏏䎃䏖䏏䏒䏗䏖䎃䏒䏑䎃䏗䏋䏈䎃䏖䏌䏇䏈䎃䏒䏉䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎑䎃䎃䎃䎍䎬䏑䏖䏈䏕䏗䎃䏘䏓䏓䏈䏕䎃䏓䏕䏒䏗䏕䏘䏇䏌䏑䏊䎃䏓䏄䏕䏗䎃䏒䏉䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎃䏗䏋䏕䏒䏘䏊䏋䎃䏗䏋䏈䎃䏋䏒䏏䏈䎃䏌䏑䎃䏗䏋䏈䎃䏖䏗䏒䏓䏓䏈䏕䎑䎖䎌䎰䏒䏘䏑䏗䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎏䎃䏄䏖䏖䏈䏐䏅䏏䏈䏇䎃䏌䏑䎃䏖䏗䏈䏓䎃䎕䎌䎃䏄䏅䏒䏙䏈䎏䎃䏗䏒䎃䎳䏌䏖䏗䏒䏑䎃䎵䏒䏇䎑䎃䎃䎃䎍䎤䏏䏌䏊䏋䎃䏗䏋䏈䎃䏖䏏䏒䏗䎃䏒䏑䎃䎳䏌䏖䏗䏒䏑䎃䎵䏒䏇䎃䏚䏌䏗䏋䎃䏗䏋䏈䎃䏒䏑䏈䎃䏒䏑䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎑䎗䎌䎬䏑䏖䏈䏕䏗䎃䎊䎳䏄䏕䏗䎃䎆䎖䎃䎋䎦䏒䏏䏏䏄䏕䎌䎊䎑䎃䎃䎃䎍䎳䏏䏄䏆䏈䎃䏗䏋䏈䎃䏖䏌䏇䏈䎃䏚䏌䏗䏋䎃䏖䏐䏄䏏䏏䏈䏕䎃䏒䏘䏗䏈䏕䎃䏇䏌䏄䏐䏈䏗䏈䏕䎃䏗䏒䏓䎑䎘䎌䎰䏒䏘䏑䏗䎃䎳䏌䏏䏏䏒䏚䎃䎥䏄䏏䏏䎃䎸䏓䏓䏈䏕䎃䎰䏒䏘䏑䏗䎑䎃䎃䎃䎍䎩䏌䏗䎃䏗䏋䏈䎃䏓䏕䏒䏗䏕䏘䏇䏌䏑䏊䎃䏓䏄䏕䏗䎃䎊䎥䎊䎃䏒䏉䎃䎊䎳䏄䏕䏗䎃䎆䎕䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎕䎌䎊䎃䏌䏑䎃䏅䏈䏗䏚䏈䏈䏑䎃䏓䏄䏕䏗䏖䎃䎊䎦䎊䎃䎋䏑䏒䏗䎃䏉䏄䏆䏌䏑䏊䎃䏗䏋䏈䎃䏅䏒䏏䏗䏖䎌䎃䏒䏉䎃䎊䎳䏄䏕䏗䎃䎆䎔䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎔䎌䎑䎙䎌䎷䏌䏊䏋䏗䏈䏑䎃䎳䏌䏏䏏䏒䏚䎃䎱䏘䏗䎑䎃䎷䏋䏌䏖䎃䏓䏕䏒䏇䏘䏆䏗䎃䏓䏕䏈䏙䏈䏑䏗䏖䎃䏗䏋䏈䎃䏚䏌䏕䏌䏑䏊䎃䏉䏕䏒䏐䎃䏆䏒䏌䏏䏌䏑䏊䎃䏄䏕䏒䏘䏑䏇䎃䏚䏋䏈䏑䎃䏄䏇䏍䏘䏖䏗䏌䏑䏊䎃䏗䏋䏈䎃䏕䏌䏇䏈䎃䏋䏈䏌䏊䏋䏗䎃䏘䏓䏒䏑䎃䏖䏈䏗䎐䏘䏓䎃䎃䏚䏌䏗䏋䏒䏘䏗䎃䏗䏋䏈䎃䏑䏈䏈䏇䎃䏗䏒䎃䏇䏌䏖䏆䏒䏑䏑䏈䏆䏗䎃䏗䏋䏈䎃䏐䏒䏗䏒䏕䎑䎧䏈䏓䏈䏑䏇䏌䏑䏊䎃䏘䏓䏒䏑䎃䏇䏕䏌䏙䏌䏑䏊䎃䏆䏒䏑䏇䏌䏗䏌䏒䏑䏖䎃䏄䏑䏇䎒䏒䏕䎃䏖䏈䏗䏗䏌䏑䏊䏖䎏䎃䏗䏋䏈䎃䎨䎧䎩䎦䎃䏐䏒䏗䏒䏕䎃䏐䏄䏜䎃䏕䏒䏗䏄䏗䏈䎃䏌䏑䎃䏒䏑䏈䎃䏇䏌䏕䏈䏆䏗䏌䏒䏑䎑䎃䎬䏉䎃䏏䏈䏗䎃䏄䏏䏒䏑䏈䎏䎃䏗䏋䏈䎃䏚䏌䏕䏌䏑䏊䎃䏐䏌䏊䏋䏗䎃䏊䏈䏗䎃䏗䏄䏑䏊䏏䏈䏇䎃䏘䏓䎃䏚䏌䏗䏋䎃䏓䏌䏖䏗䏒䏑䎃䏕䏒䏇䎃䏄䏑䏇䎏䎃䏆䏒䏑䏖䏈䏔䏘䏈䏑䏗䏏䏜䎏䎃䏐䏌䏊䏋䏗䎃䏅䏈䎃䏅䏕䏒䏎䏈䏑䎃䏒䏕䎃䏇䏌䏖䏆䏒䏑䏑䏈䏆䏗䏈䏇䎑䎬䏗䎃䏘䏖䏘䏄䏏䏏䏜䎃䏇䏒䏈䏖䎃䏑䏒䏗䎃䏆䏕䏈䏄䏗䏈䎃䏄䏑䏜䎃䏓䏕䏒䏅䏏䏈䏐䎃䏌䏉䎃䏗䏋䏈䎃䏚䏌䏕䏌䏑䏊䎃䏌䏖䎃䏘䏑䏚䏒䏘䏑䏇䎃䏚䏋䏈䏑䏈䏙䏈䏕䎃䏗䏋䏈䎃䏗䏄䏑䏊䏏䏌䏑䏊䎃䏌䏖䎃䏉䏒䏘䏑䏇䎃䏒䏕䎃䏘䏓䏒䏑䎃䏓䏈䏕䏌䏒䏇䏌䏆䎃䏌䏑䏖䏓䏈䏆䏗䏌䏒䏑䏖䎏䎃䏋䏒䏚䏈䏙䏈䏕䎃䏌䏑䎃䏕䏄䏕䏈䎃䏆䏄䏖䏈䏖䎃䏗䏋䏈䎃䏌䏑䏆䏌䏇䏈䏑䏆䏈䎃䏌䏖䎃䏔䏘䏌䏗䏈䎃䏋䏌䏊䏋䎃䏈䏑䏒䏘䏊䏋䎃䏗䏒䎃䏆䏄䏘䏖䏈䎃䏅䏕䏈䏄䏎䏄䏊䏈䎃䏒䏕䎃䏇䏌䏖䏆䏒䏑䏑䏈䏆䏗䏌䏒䏑䎃䏌䏑䎃䏅䏈䏗䏚䏈䏈䏑䎃䏕䏒䏘䏗䏌䏑䏈䎃䏐䏄䏌䏑䏗䏈䏑䏄䏑䏆䏈䎑䎬䏉䎃䏗䏄䏑䏊䏏䏌䏑䏊䎃䏒䏉䎃䏗䏋䏈䎃䏚䏌䏕䏌䏑䏊䎃䏒䏆䏆䏘䏕䏖䎃䏚䏌䏗䏋䏌䏑䎃䏄䎃䏉䏈䏚䎃䏇䏄䏜䏖䎃䏒䏉䎃䎨䎧䎩䎦䎃䏌䏑䏖䏗䏄䏏䏏䏄䏗䏌䏒䏑䎏䎃䏌䏑䏖䏗䏄䏏䏏䎃䏗䏋䏌䏖䎃䏓䏕䏒䏇䏘䏆䏗䎃䏗䏒䎃䏓䏕䏈䏙䏈䏑䏗䎃䏉䏘䏗䏘䏕䏈䎃䏒䏆䏆䏘䏕䏕䏈䏑䏆䏈䎑䎃䎬䏑䏖䏗䏄䏏䏏䏄䏗䏌䏒䏑䎃䏒䏉䎃䏗䏋䏌䏖䎃䏓䏕䏒䏇䏘䏆䏗䎃䏌䏖䎃䏒䏓䏗䏌䏒䏑䏄䏏䎑䎃
+HVJGJGKIJVQHVJGRKNNQYDCNNECUGRKEVWTGVQVJGTKIJVYKVJUVCTOCTMKUOOQTJKIJGT 72ڎ(KIWTG2CTV2NCKP9CUJGT2CTV$QNV%QNNCT2CTV5VQRRGT2CTV$QNVNQPI2CTV%QNNCT2CTV5VQRRGT2KNNQY$CNN%CUG2KNNQY$CNN7RRGT/QWPV7RRGT525GCV2CTV%CODGT#FLWUVKPI$QNV.QY6[RG2CTV5RTKPI9CUJGT2KUVQP4QFޣ%QORQPGPVUޤ2CTV5VQRRGT2CTV5VQRRGT2CTV%QNNCT2CTV$QNVNQPI2CTV$QNV%QNNCT2CTV%CODGT#FLWUVKPI$QNV.QY6[RG2CTV5RTKPI9CUJGT2CTV2NCKP9CUJGTRERERERERERERERE䬈䎬䏑䏖䏗䏄䏏䏏䏄䏗䏌䏒䏑䎃䎳䏕䏒䏆䏈䏇䏘䏕䏈䬉䎃䎔䎌䎃䎬䏑䏖䏗䏄䏏䏏䎃䎊䎳䏄䏕䏗䎃䎆䎔䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎔䎌䎊䎃䏘䏖䏌䏑䏊䎃䏅䏒䏏䏗䏖䎃䏌䏑䏆䏏䏘䏇䏈䏇䎃䏌䏑䎃䏗䏋䏈䎃䏎䏌䏗䎃䎃䎃䎍䎷䏋䏈䏕䏈䎃䏄䏕䏈䎃䏗䏚䏒䎃䏕䏒䏚䏖䎃䏒䏉䎃䏉䏒䏘䏕䎃䏖䏆䏕䏈䏚䎃䏋䏒䏏䏈䏖䎃䏒䏑䎃䏗䏋䏈䎃䏕䏈䏙䏈䏕䏖䏈䎃䏖䏌䏇䏈䎃䏒䏉䎃䎳䏌䏏䏏䏒䏚䎃䎥䏄䏏䏏䎃䎸䏓䏓䏈䏕䎃䎰䏒䏘䏑䏗䎑䫹䎸䏖䏈䎃䏗䏚䏒䎃䏋䏒䏏䏈䏖䎃䏄䏗䎃䏗䏋䏈䎃䏈䏑䏇䎃䏒䏉䎃䏈䏄䏆䏋䎃䏕䏒䏚䎑䎃䎃䎃䎍䎬䏉䎃䏗䏋䏈䎃䏄䏅䏒䏙䏈䎃䏌䏖䎃䏑䏒䏗䎃䏄䏙䏄䏌䏏䏄䏅䏏䏈䎏䎃䏐䏒䏙䏈䎃䏗䏋䏈䎃䏆䏄䏐䏅䏈䏕䎃䏄䏇䏍䏘䏖䏗䏌䏑䏊䎃䏅䏒䏏䏗䏖䎃䏗䏒䎃䏗䏋䏈䎃䏒䏑䏈䏖䎃䏌䏑䏖䏌䏇䏈䎑䎃䎃䎃䎍䎸䏖䏈䎃䎊䎳䏄䏕䏗䎃䎆䎗䎃䎋䎥䏒䏏䏗䎃䎟䏏䏒䏑䏊䎡䎌䎊䎃䏄䏑䏇䎃䎊䎳䏄䏕䏗䎃䎆䎃䎘䎋䎥䏒䏏䏗䎃䎦䏒䏏䏏䏄䏕䎌䎊䎃䏉䏒䏕䎃䏗䏋䏈䎃䏎䏌䏗䎃䏚䏌䏗䏋䎃䏗䏋䏈䎃䏓䏌䏏䏏䏒䏚䎃䏅䏄䏏䏏䎃䏆䏄䏖䏈䎃䎕䎗䎑䎓䏐䏐䎃䏋䏌䏊䏋䎃䎋䏕䏈䏉䏈䏕䎃䏗䏒䎃䏗䏋䏈䎃䏉䏌䏊䏘䏕䏈䎃䎔䎃䏖䏋䏒䏚䏑䎃䏅䏈䏏䏒䏚䎌䎑䎃䎃䎃䎍䎤䏏䏖䏈䎏䎃䏉䏒䏕䎃䏗䏋䏈䎃䏎䏌䏗䎃䏚䏌䏗䏋䎃䏗䏋䏈䎃䏓䏌䏏䏏䏒䏚䎃䏅䏄䏏䏏䎃䏆䏄䏖䏈䎃䎕䎗䎑䎓䏐䏐䎃䏋䏌䏊䏋䎏䎃䎨䎧䎩䎦䎃䏐䏒䏗䏒䏕䎃䏐䏌䏊䏋䏗䎃䏌䏑䏗䏈䏕䏉䏈䏕䏈䎃䏚䏌䏗䏋䎃䏗䏋䏈䎃䏆䏄䏐䏅䏈䏕䎃䏄䏇䏍䏘䏖䏗䏌䏑䏊䎃䏅䏒䏏䏗䎏䎃䏇䏈䏓䏈䏑䏇䏌䏑䏊䎃䏒䏑䎃䏗䏋䏈䎃䏆䏄䏐䏅䏈䏕䎃䏄䏑䏊䏏䏈䎃䏖䏈䏗䏗䏌䏑䏊䎑䎃䎬䏑䎃䏗䏋䏄䏗䎃䏆䏄䏖䏈䎏䎃䏘䏖䏈䎃䎊䎳䏄䏕䏗䎃䎆䎚䎃䎋䎦䏄䏐䏅䏈䏕䎃䎤䏇䏍䏘䏖䏗䏌䏑䏊䎃䎥䏒䏏䏗䎃䎟䏏䏒䏚䎃䏗䏜䏓䏈䎡䎌䎊䎏䎃䎊䎳䏄䏕䏗䎃䎆䎛䎃䎋䎶䏓䏕䏌䏑䏊䎃䎺䏄䏖䏋䏈䏕䎌䎊䎃䏄䏑䏇䎃䎊䎳䏄䏕䏗䎃䎆䎜䎃䎋䎳䏏䏄䏌䏑䎃䎺䏄䏖䏋䏈䏕䎌䎊䎃䏗䏒䎃䏄䏙䏒䏌䏇䎃䏌䏑䏗䏈䏕䏉䏈䏕䏈䏑䏆䏈䎑䎕䎌䎰䏒䏘䏑䏗䎃䎊䎳䏄䏕䏗䎃䎆䎕䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎕䎌䎊䎃䏗䏒䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎑䎃䎃䎃䎍䎩䏌䏗䎃䏓䏕䏒䏗䏕䏘䏇䏌䏑䏊䎃䏓䏄䏕䏗䎃䎊䎤䎊䎃䏗䏒䎃䏒䏑䏈䎃䏒䏉䎃䏗䏋䏈䎃䏙䏈䏕䏗䏌䏆䏄䏏䎃䏖䏏䏒䏗䏖䎃䏒䏑䎃䏗䏋䏈䎃䏖䏌䏇䏈䎃䏒䏉䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎑䎃䎃䎃䎍䎬䏑䏖䏈䏕䏗䎃䏘䏓䏓䏈䏕䎃䏓䏕䏒䏗䏕䏘䏇䏌䏑䏊䎃䏓䏄䏕䏗䎃䏒䏉䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎃䏗䏋䏕䏒䏘䏊䏋䎃䏗䏋䏈䎃䏋䏒䏏䏈䎃䏌䏑䎃䏗䏋䏈䎃䏖䏗䏒䏓䏓䏈䏕䎑䎖䎌䎰䏒䏘䏑䏗䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎏䎃䏄䏖䏖䏈䏐䏅䏏䏈䏇䎃䏌䏑䎃䏖䏗䏈䏓䎃䎕䎌䎃䏄䏅䏒䏙䏈䎏䎃䏗䏒䎃䎳䏌䏖䏗䏒䏑䎃䎵䏒䏇䎑䎃䎃䎃䎍䎤䏏䏌䏊䏋䎃䏗䏋䏈䎃䏖䏏䏒䏗䎃䏒䏑䎃䎳䏌䏖䏗䏒䏑䎃䎵䏒䏇䎃䏚䏌䏗䏋䎃䏗䏋䏈䎃䏒䏑䏈䎃䏒䏑䎃䎸䏓䏓䏈䏕䎃䎶䏓䏕䏌䏑䏊䎃䎶䏈䏄䏗䎑䎗䎌䎬䏑䏖䏈䏕䏗䎃䎊䎳䏄䏕䏗䎃䎆䎕䎃䎋䎦䏒䏏䏏䏄䏕䎌䎊䎑䎃䎃䎃䎍䎳䏏䏄䏆䏈䎃䏗䏋䏈䎃䏖䏌䏇䏈䎃䏚䏌䏗䏋䎃䏖䏐䏄䏏䏏䏈䏕䎃䏒䏘䏗䏈䏕䎃䏇䏌䏄䏐䏈䏗䏈䏕䎃䏗䏒䏓䎑䎘䎌䎰䏒䏘䏑䏗䎃䎳䏌䏏䏏䏒䏚䎃䎥䏄䏏䏏䎃䎸䏓䏓䏈䏕䎃䎰䏒䏘䏑䏗䎑䎃䎃䎃䎍䎩䏌䏗䎃䏗䏋䏈䎃䏓䏕䏒䏗䏕䏘䏇䏌䏑䏊䎃䏓䏄䏕䏗䎃䎊䎥䎊䎃䏒䏉䎃䎊䎳䏄䏕䏗䎃䎆䎕䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎕䎌䎊䎃䏌䏑䎃䏅䏈䏗䏚䏈䏈䏑䎃䏓䏄䏕䏗䏖䎃䎊䎦䎊䎃䎋䏑䏒䏗䎃䏉䏄䏆䏌䏑䏊䎃䏗䏋䏈䎃䏅䏒䏏䏗䏖䎌䎃䏒䏉䎃䎊䎳䏄䏕䏗䎃䎆䎔䎃䎋䎶䏗䏒䏓䏓䏈䏕䎃䎆䎔䎌䎑䎙䎌䎷䏌䏊䏋䏗䏈䏑䎃䎳䏌䏏䏏䏒䏚䎃䎱䏘䏗䎑䎃
6QVWTP105JQTVRTGUUQH=/1&'?=&+52?QT=&KCN?6WTPKPIVJG2QYGT101((6Q.QEM1RGTCVKQP+PKVKCN5GVWR6QVWTP1((=/1&'?.QPIRTGUU5GNGEV'#5;QT%7561/UGVWRFTKXGTWPKVUJCXGDGGPRCKTGFKFGPVKHKGFYKVJVJGEQPVTQNNGTCVVJGVKOGQHUJKROGPV+HWUKPICUKUKPKVKCNRCKTKPIUGVWRKUPQVTGSWKTGF4GEQPHKIWTGYJGPGXGTVJGUGVVKPIUCTGKPKVKCNK\GF2CKTKPIKUVQOCMGVJGEQPVTQNNGTTGEQIPK\GKFGPVKH[VJGURGEKHKEFTKXGTWPKVU6QNQEMCPFWPNQEMQRGTCVKQP=/1&'?=&+52?.QPIRTGUUUKOWNVCPGQWUN[9JGPVJGQRGTCVKQPKUNQEMGF####KEQPQPVJGWRRGTTKIJVEQTPGTQPVJGFKURNC[YKNNKNNWOKPCVG+PKVKCNK\CVKQP4GEQIPK\KPI%QPVTQNNGT+PUVCNNCVKQP#PING%QTTGEVKQPQH)(QTEG&KTGEVKQP٨5GNGEV'#5;5'672KHFTKXGTWPKVUCTGWUGFCPFCNUQ[QWYCPVVQUGVWRGCUKN[4GHGTVQRI㧕٨5GNGEV%7561/KHQTFTKXGTWPKVUKUCTGWUGFCPFQT[QWYCPVVQEWUVQOK\GUGVVKPIU4GHGTVQRI㨪6JKURTQFWEVGPCDNGU)CEVWCVGFCFLWUVOGPVCPF)HQTEGFKURNC[WUKPI)UGPUQTDWKNVKPUKFGVJGEQPVTQNNGTWPKV1PEGVJGEQPVTQNNGTKUKPUVCNNGFXGJKENGUFTKXKPIFKTGEVKQPPGGFUVQDGEQPHKIWTGF$GUWTGVQEQTTGEV)HQTEGFKTGEVKQPHQNNQYKPIVJGRTQEGFWTGUFGUETKDGFQPRI%QTTGEV)HQTEGFGTGEVKQPYJGPGXGTVJGRQUKVKQPCPFQTVJGCPINGQHVJGEQPVTQNNGTKUEJCPIGF)HQTEGOKIJVPQVDGFGVGEVGFRTQRGTN[KHVJGEQPVTQNNGTWPKVKUKPUVCNNGFCVCITGCVGTCPING#FLWUVVJGEQPVTQNNGTWPKVUQVJGUETGGPKUHCEKPIYKVJKPFGITGGUVQVJGQRRQUKVGFKTGEVKQPQHVTCXGNDQVJJQTK\QPVCNN[CPFXGTVKECNN[;QWECPKPKVKCNK\GUGVVKPIUVQTGUVQTGVJGFGHCWNVUGVVKPIUCVVJGVKOGQHUJKROGPV&KUEQPPGEVVJGRQYGTEQPPGEVQT2TGUUCPFJQNF=&+52?CPF=&KCN?UKOWNVCPGQWUN[4GEQPPGEVVJGRQYGTEQPPGEVQTYJKNGJQNFKPIVJGCDQXGVYQDWVVQPU#..%.'#4HNCUJGUQPUETGGP+HNGHVYKVJPQQRGTCVKQPHQTUGEQPFUVJGU[UVGOYKNNTGVWTPVQPQTOCNQRGTCVKQPYKVJQWVKPKVKCNK\KPI9JKNG#..%.'#4HNCUJGURTGUUCPFJQNF=&+52?CPF=&KCN?UKOWNVCPGQWUN[HQTCDQWVUGEQPF%.'#41-HNCUJGUQPUETGGPCPFVJGU[UVGOGPVGTU'#5;5'672OQFG+PKVKCNK\CVKQPEQORNGVGF㪩㪜㪝㪚㪘㪬㪫㪠㪦㪥㪩㪜㪝
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#WVQOCVKE%QPVTQN/QFGU)(QTEG5GVVKPI4GHGTVQRIFGHCWNVRI6CDNG5RGGF5GVVKPI4GHGTVQRIFGHCWNVRI6CDNG1PN[5KUFKURNC[GFHQTURGGFUGPUKVKXGOQFGCPFQPN[)HQT)CEVWCVGFOQFG࡮*QYVQ/QFKH[5GVVKPIU࡮*QYVQ%JCPIG%QPVTQN/QFGU5GVVKPI +PUVTWEVKQP#XCKNCDNG1RVKQPU1RGTCVKQP&KURNC[=&KCN?5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU)5)5)5)5+OCIGQH#WVQOCVKE%QPVTQN/QFGU+PRWVFCVCHQTUYKVEJVKOKPIKUDCUGFQPCEEGNGTCVKQPFGEGNGTCVKQP)HQTEGCPFQTURGGFHQTDQVJ#TTCPIGCPF.KPGCTOQFGUHQWTRCVVGTPUKPVQVCN#TTCPIG/QFG1WVRWV/GVJQF.KPGCT/QFG)(QTEG )#TTCPIG/QFG)(QTEG ).KPGCT/QFG5#TTCPIG/QFG8GJKENG5RGGF8GJKENG5RGGF 5.KPGCT/QFG'&(%#%6+8'GPCDNGUCWVQOCVKECFLWUVOGPVQHFCORKPIHQTEG&(DCUGFQPCEEGNGTCVKQPFGEGNGTCVKQP)HQTEGCPFXGJKENGURGGFQVKQPCN)25-KVKUTGSWKTGF#WVQOCVKECFLWUVOGPVKUCXCKNCDNGKPFKHHGTGPVOQFGUCTTCPIGOQFGVQCFLWUV&(CVRTGUGVRQKPVUCPFNKPGCTOQFGVQCFLWUV&(OQTGUOQQVJN[EQPPGEVKPIRTGUGVRQKPVU6JGUGOQFGUECPDGEQODKPGFHQTOQTGEQORTGJGPUKXGCFLWUVOGPV+PRWV&CVC#EEGNGTCVKQP&GEGNGTCVKQP)(QTEG8GJKENG5RGGF6JGUGQRVKQPUCTG016UGNGEVCDNGKP/CPWCN/QFG
)#TTCPIG).KPGCT/QFGU(TQPV&CORKPI(QTEG.GXGN#EGNGTCVKQP)(QTEG$CT)TCRJ4GCT&CORKPI(QTEG.GXGN㪞㪄㪘㪺㫋㫌㪸㫋㪼㪻㩷㪦㫇㪼㫉㪸㫋㫀㫆㫅㩷㪛㫀㫊㫇㫃㪸㫐㩿㫆㫅㫃㫐㩷㫊㪿㫆㫎㫅㩷㫎㪿㪼㫅㩷㪸㪺㫋㫀㫍㪸㫋㪼㪻㪀#EEGNGTCVKQP&GEGNGTCVKQP)(QTEG4KIJVYCTF)(QTEG$CT)TCRJ.GHVYCTF)HQTEG$CT)TCRJ&GEGNGTCVKQP)(QTEG$CT)TCRJ࡮'ZRNCPCVKQPQH&KURNC[࡮&GHCWNV8CNWGU(QTJQYVQEJCPIG&(CFLWUVOGPVOQFGUNGXGNNGXGNNGXGNTGHGTVQRI)(QTEGD&GEGNGTCVKQPC#EEGNGTCVKQP6CDNG&GHCWNV/GOQT[2CTCOGVGTU)#EVWCVGF#FLWUVOGPV8CNWGUKPVJGVCDNGCTGKPNGXGNNGXGNCPFNGXGNOQFGUHTQONGHVVQTKIJV4T%QOR4T4GDQWPF)(QTEGDDDDDCCCCCDDDDDCCCCC(V4GDQWPF(V%QOR4T(V%QOR4GDQWPF5KOWNVCPGQWU#FLWUVOGPV%QOR4GDQWPF5GRCTCVG#FLWUVOGPV0Q))))))))))))))))))))/1&'/GOQT[0QTOCN/GOQT[&[PCOKE
$GHQTGUVCTVKPIQRGTCVKQPUGVVJGWPKVVQVJGHQNNQYKPIEQPFKVKQPU࡮/QFG)#0QVG8CNWGUECP016DGOQFKHKGFKP)#5#QT)#5.OQFG࡮&KURNC[&CORKPIHQTEGNGXGN*QYVQ/QFKH[)(QTEG%JCPIG2QKPVU=&KCN?.QPIRTGUU4GRGCVVJGCDQXGRTQEGFWTGU=/1&'?5JQTVRTGUUZVKOGUZ=&KCN?.QPIRTGUU5GNGEV+VGOVQ/QFKH[5GV)(QTEG%JCPIG2QKPV4GVWTPVQ+PKVKCN&KURNC[5GVVKPI +PUVTWEVKQP#XCKNCDNG1RVKQPU1RGTCVKQP&KURNC[=&KCN?5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU)OGOQT[)OGOQT[)̖)D㨪C㧗㨪㧙㧗㧗㨪㧙㧙㧗㧗㨪㧙㧙5GV(TQPV&(.GXGN5GV4GCT&(.GXGN4GVTKGXG/GOQT[VQ/QFKH[#DQXGRTQEGFWTGUCPFOC[CRRGCTKPFKHHGTGPVQTFGTFGRGPFKPIQPVJGRTGXKQWUOQFKHKECVKQPQRGTCVKQPFQPG+H)HQTEGGPVGTGFKUVJGUCOGCUVJGRTGXKQWUN[KPRWVXCNWGVJGQNFUGVVKPIYKNNDGTGRNCEGFYKVJVJGPGYQPG/GOQT[PWODGTU)VQ)CTGCWVQOCVKECNN[CNNQECVGFDCUGFQPVJGKPRWV)HQTEGXCNWGKPVJGCUEGPFKPIQTFGTFGEGNGTCVKQPCEEGNGTCVKQP0WODGTUCTGEQPUVCPVN[TGCNNQECVGFGXGPYJKNGKPRWVVKPI6QFGNGVGVJGOGOQT[GPVGTVQ)HQTEGXCNWGCPFUCXGECPDGHQWPFDGVYGGP#CPF$
5#TTCPIG5.KPGCT/QFGU࡮'ZRNCPCVKQPQH&KURNC[࡮&GHCWNV8CNWGU(QTJQYVQEJCPIG&(CFLWUVOGPVOQFGUNGXGNNGXGNNGXGNTGHGTVQRI6CDNGޓ&GHCWNV/GOQT[2CTCOGVGTU5RGGF5GPUKVKXG#FLWUVOGPV8CNWGUKPVJGVCDNGCTGKPNGXGNNGXGNCPFNGXGNOQFGUHTQONGHVVQTKIJV4T%QOR4T4GDQWPFMOJ/2*(V4GDQWPF(V%QOR4T(V%QOR4GDQWPF5KOWNVCPGQWU#FLWUVOGPV%QOR4GDQWPF5GRCTCVG#FLWUVOGPV 5RGGF0Q55555555555555555555/QFG#VVCEJ)25WPKVHKTON[QPVJGFCUJDQCTFRCPGNDGNQYVJGYKPFUJKGNF)25WPKVPGGFUVQTGEQIPK\GCVNGCUVHQWTXCNKFUKIPCNUHTQOVJGUCVGNNKVGUVQUVCTVYQTMKPICPFVJKUWUWCNN[VCMGUUGEQPFUVQOKPWVGCHVGTVJGRQYGTKUVWTPGFQP+HVJGXGJKENGOQXGUDGHQTGTGEGKXKPIGPQWIJUCVGNNKVGUKIPCNUKVOC[VCMGNQPIGTVQTGEQIPK\G#HVGTVWTPKPIQPVJGRQYGTYCKVWPVKN)25WPKVTGEGKXGUXCNKFUKIPCNUVQOQXGVJGXGJKENG)25NCORYKNNEJCPIGHTQODNKPMKPIVQ10)25NCORYKNNEJCPIGHTQODNKPMKPIVQ10QPEG)25KUCEVKXCVGF(TQPV&CORKPI(QTEG.GXGN4GCT&CORKPI(QTEG.GXGN4GCT&($CT)TCRJ(TQPV&($CT)TCRJ8GJKENG5RGGF/GOQT[0QTOCN/GOQT[5RQTV[㪚㪘㪬㪫㪠㪦㪥
$GHQTGUVCTVKPIQRGTCVKQPUGVVJGWPKVVQVJGHQNNQYKPIEQPFKVKQPU࡮/QFG5#0QVG8CNWGUECP016DGOQFKHKGFKP)#5#QT)#5.OQFG࡮&KURNC[&CORKPIHQTEGNGXGN*QYVQ/QFKH[5RGGF%JCPIG2QKPVU5RGGFKPOGOQT[0Q5ECP016DGOQFKHKGF5RGGFECPDGUGVKPMOJQT/2*KPETGOGPVU9JGPVJGUCOGXCNWGKUKPRWVVJGQNFUGVVKPIYKNNDGTGRNCEGF/GOQT[PWODGTU5VQ5CTGCWVQOCVKECNN[CNNQECVGFDCUGFQPVJGKPRWVURGGFXCNWGKPVJGCUEGPFKPIQTFGT0WODGTUCTGEQPUVCPVN[TGCNNQECVGFGXGPYJKNGKPRWVVKPI6QFGNGVGVJGOGOQT[GPVGTVQURGGFXCNWGCPFUCXG=&KCN?.QPIRTGUU4GRGCVVJGCDQXGRTQEGFWTGU=&KCN?.QPIRTGUU5GNGEV+VGOVQ/QFKH[5GV5RGGF%JCPIG2QKPV4GVWTPVQ+PKVKCN&KURNC[5GVVKPI +PUVTWEVKQP#XCKNCDNG1RVKQPU1RGTCVKQP&KURNC[=&KCN?5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU5OGOQT[5OGOQT[5㨪5㨪㨪㨪㨪㨪㨪㨪5GV(TQPV&(.GXGN5GV4GCT&(.GXGN4GVTKGXG/GOQT[VQ/QFKH[=/1&'?5JQTVRTGUUZVKOGUZ
٨5JQTVRTGUUQH=&+52?UYKVEJGUDGVYGGPCXCKNCDNGFKURNC[QRVKQPU٨6WTP=&KCN?VQUYKVEJUGNGEVFKURNC[GFKVGOUYKVJKPVJGQRVKQPCNFKURNC[*QYVQ5YKVEJ&KURNC[%NQEM&KURNC[1RVKQPCN&KURNC[UQPN[CXCKNCDNGYKVJ)25-KV8GJKENG5RGGF&KURNC[1RVKQPCN&KURNC[U٨=&KCN?.QPIRTGUUVKOGFKHHGTGPEGKPRWV#HVGTKPRWVNQPIRTGUU=&KCN?VQTGVWTP,CRCPUVKOGFKHHGTGPEGHTQO76%KUJQWTU1RVKQPCN)25-KVKUTGSWKTGF٨5RGGFWPKVECPDGUYKVEJGFDGVYGGPMOJCPF/2*CVKPKVKCNUGVWR4GHGTVQRI٨=&KCN?5JQTVRTGUUFKURNC[RGCMURGGF٨=&KCN?.QPIRTGUUTGUGVRGCMURGGF5RGGFKUPQVFKURNC[GFYJGP)25TGEGRVKQPKUPQVIQQF1RVKQPCN)25-KVKUTGSWKTGF)(QTEG٨.GHVUKFGQH.%&)(QTEG$&GEGNGTCVKQP##EEGNGTCVKQP٨4KIJVUKFGQH.%&.GHVCPF4KIJV)(QTEG44KIJVYCTF..GHVYCTF٨=&KCN?5JQTVRTGUUFKURNC[RGCMXCNWG6JGNCTIGUV)HQTEGXCNWGUKPFGEGNGTCVKQPNGHVYCTFCPFCEEGNGTCVKQPTKIJVYCTFYKNNDGFKURNC[GFCNVGTPCVGN[٨=&KCN?.QPIRTGUUTGUGVRGCMXCNWG#EEGNGTCVKQP)(QTEG$CT)TCRJ.GHVYCTF)(QTEG$CT)TCRJ4KIJVYCTF)(QTEG$CT)TCRJ&GEGNGTCVKQP)(QTEG$CT)TCRJ㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥㪩㪜㪝㪩㪜㪝
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%JCPIKPI%QPVTQN2CTCOGVGTU*QYVQ%JCPIG/GOQT[5GVVKPIUKP/CPWCN/QFG4GHGTVQRI*QYVQ/QFKH[)(QTEG%JCPIG2QKPVU4GHGTVQRI*QYVQ/QFKH[5RGGF%JCPIG2QKPVU4GHGTVQRI%QOOQP1RGTCVKQPUVQ%JCPIG5GVVKPIU%JCPIKPI$CUKE5GVVKPIU*QVVQ6WTP)(QTEG$CT)TCRJ101((*QYVQ%JCPIG$CT)TCRJ5ECNG*QYVQ%JCPIGVJG$GGRGT8QNWOG*QYVQ%JCPIG&KURNC[%QNQT%JCPIKPI&KURNC[1RGTCVKQP/GPW*QYVQ%JCPIG$CUKE5GVVKPIU=&+52?.QPIRTGUU9JGPUGVVKPIKUEQORNGVGF٨6QOQXGVQQVJGTUGVVKPIOGPW=&KCN?5JQTVRTGUU٨6WTP=&KCN?VQUGNGEVHTQOVJGHQNNQYKPIUGVVKPIOGPWU)HQTEGDCTITCRJFKURNC[̖̖̖RI)HQTEGDCTITCRJUECNG̖̖̖̖RI8QNWOG̖̖̖̖̖̖̖̖̖̖̖̖̖RI&KURNC[EQNQT̖̖̖̖̖̖̖̖̖̖RI$TKIJVPGUU̖̖̖̖̖̖̖̖̖̖̖RI&KOOGT̖̖̖̖̖̖̖̖̖̖̖̖̖RI.%&XKGY̖̖̖̖̖̖̖̖̖̖̖̖RI%QTTGEVKQPQH)HQTEG̖̖̖̖̖̖RI%QPHKTOKPIEQOOWPKECVKQPUVCVWU̖RI6QEQORNGVGQRGTCVKQPCPFTGVWTPVQKPKVKCNFKURNC[=&+52?5JQTVRTGUU6QTGVWTPHTQOUGVVKPIFKURNC[U=/1&'?5JQTVRTGUU=/1&'?=&+52?=&KCN?.QPIRTGUUUKOWNVCPGQWUN[٨6WTP=&KCN?VQUGNGEVHTQOVJGHQNNQYKPIUGVVKPIOGPWU8GJKENGURGGFWPKV̖̖̖̖̖̖̖RI㨪&CORKPIHQTEGCFLWUVOGPVOQFG̖RI㨯㨪&TKXGTOQFG̖̖̖̖̖̖̖̖̖̖RI㨪&TKXGTWPKV̖̖̖̖̖̖̖̖̖̖RI㨪*QY6Q5GV%WUVQO%QNQT*QYVQ#FLWUV$TKIJVPGUU*QYVQ%QPHKTO5VCVWU6TQWDNGUJQQVKPI*QYVQ6WTP&KOOGT(WPEVKQP101((*QYVQ#FLWUV.%&8+'94GEQIPK\KPI%QPVTQNNGT+PUVCNNCVKQP#PING㧔%QTTGEVKQPQH)(QTEG&KTGEVKQP㧕
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9JCV6Q&Q9JGP;QW'PEQWPVGTGF2TQDNGOU+PECUGQHCP[VTQWDNGEJGEMVJGHQNNQYKPIU+HVJGVTQWDNGKUPQVUQNXGFRNGCUGEQPVCEVVJGPGCTGUV6'+0QHHKEGNKUVGFQPVJGHTQPVEQXGTQHVJKUOCPWCN2QYGTFQGUPQVVWTP10٨%JGEMKHVJGEQPVTQNNGTCPFVJGEQPPGEVQTQHRQYGTUWRRN[HKNVGTCTGHKTON[EQPPGEVGFψRI٨%JGEMKHVJGRQYGTUWRRN[HKNVGTUHWUGJCUDNQYP٨%JGEMKHVJGRQYGTUWRRN[HKNVGTUKURTQRGTN[EQPPGEVGFψRI٨%JGEMVJGDTKIJVPGUUQH.%&+HVJGDTKIJVPGUUKUUGVVQFKURNC[KUDCTGN[XKUKDNGψRI$WVVQPUFQ016YQTM٨+UVJGNQEMHWPEVKQPQP!ψRI&TKXGTWPKVUKUCTGPQVTGEQIPK\GF٨%JGEMFTKXGTWPKVUEQOOWPKECVKQPUVCVWUψRI٨%JGEMKHVJGFTKXGTWPKVKURTQRGTN[EQPPGEVGFVQVJGRQYGTUQWTEGψRI٨%JGEMKHVJGFTKXGTWPKVUHWUGJCUDNQYP٨%JGEMKHVJGFTKXGT+&UCTGKPRWVEQTTGEVN[ψRI%QPVTQNNKPIHTQPVFCORKPIHQTEGEJCPIGUTGCTFCORKPIHQTEGQTXKEGXGTUC٨%JGEMKHVJGFTKXGT+&UCTGPQVGPVGTGFVJGYTQPIYC[CTQWPFψRI٨%JGEMKHVJGFTKXGTOQFGKUUGVEQTTGEVN[ψRI5RGGFENQEMNCVKVWFGNQPIKVWFGCPFQTCNVKVWFGCTGPQVFKURNC[GF٨%JGEMKH)25MKVKUEQPPGEVGFRTQRGTN[ψRI٨+U)25TGEGKXKPIXCNKFUKIPCNU!ψ9JGP)25KEQPޓޓޓޓޓKUDNKPMKPIUKIPCNUCTGYGCMQTWPCXCKNCDNGRI٨4QCFUKFGVTGGUCPFQTVCNNDWKNFKPIUDGUKFGUVWPPGNUOC[KPVGTHGTGYKVJQTKPVGTTWRV)25UKIPCNU%NQEMUJQYUYTQPIVKOG٨*CXG[QWUGVVKOGFKHHGTGPEGEQTTGEVN[!ψRI%NQEM&KURNC[&CORKPIHQTEGNGXGNFQGUPQVEJCPIGVJQWIJVJGXGJKENGURGGFKUKPETGCUKPI٨+U)25GHHGEVKXG!٨%JGEMKH)25MKVKUEQPPGEVGFRTQRGTN[ψRI٨+U5#QT5.OQFGUGNGEVGF!ψRI٨*CXG[QWKPRWV5#OQFGUGVVKPIU!ψRI٨#TG[QWFTKXKPIHCUVGTVJCPVJGURGGFUGVKP5!ψRI&CORKPIHQTEGNGXGNFQGUPQVEJCPIGCU[QWUGV٨*CXG[QWUGVVJGOGOQTKGUEQTTGEVN[!ψ6JGTGCTGUGRCTCVGOGOQT[RCVVGTPUCXCKNCDNGCEEQTFKPIVQURGGFQT)HQTEGψRI*QYVQ%JCPIG%QPVTQN/QFGU٨*CXG[QWKPRWVVJGUGVVKPIUKPGCEJOGOQT[CUFGUKTGF!ψ)(QTEG%JCPIG2QKPVURI5RGGF%JCPIG2QKPVURI5RGGFFKURNC[GFQP.%&KUPQVYJGPVJGECTKURCTMGFQTFQGU016OCVEJVJGXGJKENGUURGGFQOGVGT٨&GRGPFKPIQP)25TGEGRVKQPURGGFOC[PQVDGECNEWTCVGFEQTTGEVN[٨+PIGPGTCNXGJKENGUURGGFQOGVGTTGCFUHCUVGTVJCPVJGCEVWCNURGGF5RGGFFKURNC[GFKPVJKURTQFWEVKUHQTTGHGTGPEGQPN[#NYC[UFTKXGCEEQTFKPIVQXGJKENGUURGGFQOGVGT)HQTEGFKURNC[GFQP.%&KUPQVYJGPVJGECTKURCTMGF)HQTEGXCNWGKUYTQPI٨&KF[QWEQTTGEV)HQTEGQPCNGXGNUWTHCEG!ψRI٨+UVJGXGJKENGRCTMGFQPCNGXGNUWTHCEG!ψKHPQVVJG)UGPUQTOC[FGVGEV)HQTEG٨&KFPV[QWDTCMGUWFFGPN[CPFVJGXGJKENGKUUVQRRGFPQPJQTK\QPVCNN[!ψ4GNGCUGDTCMGUNQYN[VQOCMGVJGXGJKENGJQTK\QPVCN٨+UVJGEQPVTQNNGTWPKVKPUVCNNGFCVCPCPING!ψ#FLWUVVJGEQPVTQNNGTWPKVUQVJGUETGGPKUHCEKPIYKVJKPFGITGGUVQVJGQRRQUKVGFKTGEVKQPQHVTCXGNDQVJJQTK\QPVCNN[CPFXGTVKECNN[㪚㪘㪬㪫㪠㪦㪥
/QVQTGOKVUUQWPFU٨+VKUPQTOCNVJCV[QWJGCTVJGOQVQTUQRGTCVKPIUQWPFYJGPFCORKPIHQTEGKUDGKPICFLWUVGF6JGXQNWOGQHVJGUQWPFXCTKGUD[XGJKENG٨+VKUCNUQPQTOCNVJCV[QWOC[JGCTCUOCNNUQWPFYJGPVJGRTQFWEVKUQRGTCVKPIVQMGGRVJGCRRTQRTKCVGFCORKPIHQTEGNGXGNGXGPYJGPVJGCFLWUVOGPVKUPQVDGKPIOCFG&KURNC[FCORKPIHQTEGNGXGNFQGUPQVTGCEVKPUVCPVN[VQFKCNQRGTCVKQPFCORKPIHQTEGCFLWUVOGPV٨.%&OKIJVDGUNQYVQTGURQPFKPNQYVGORGTCVWTGUWTTQWPFKPIUUWEJCUUWD\GTQVGORGTCVWTG6JKUKUPQTOCNCPFFQGUPQVCHHGEVVJGQRGTCVKQPQHOQVQTU٨/QVQTUOKIJVCNUQDGUNQYVQTGCEVWPFGTGZVTGOGEQNFDWVKVYKNNKORTQXGQPEGVJGVGORGTCVWTGKUTCKUGF/QVQTUCTGUNQYVQTGCEVTKIJVCHVGTVJGGPIKPGKUUVCTVGF٨+VKUPQTOCNHQTVJGFTKXGTWPKVUCPFOQVQTUVQVCMGNQPIGTVKOGVQEQOOWPKECVGQPUVCTVWRKPNQYVGORGTCVWTGGPXKTQPOGPVUWEJCUUWD\GTQVGORGTCVWTG'TTQT&KURNC[9JGPVJGU[UVGOFGVGEVUCUJQTVEKTEWKVCPGTTQTFKURNC[EQOGUQPHQTEKDN[GXGT[UGEQPFU&4KPFKECVGUFTKXGT+&CPFKUEJCPPGNQT٨6QECPEGNVJGGTTQTVWTPVJGRQYGTQHHQPEGCPFVWTPKVDCEMQPCICKP/QVQTTQVCVGUD[KVUGNHCPFQTOCNHWPEVKQPU٨2CTKPICUKPINGFTKXGT+&YKVJOWNVKRNGEQPVTQNNGTWPKVUOKIJVECWUGHCNUGQRGTCVKQP%CPEGNVJGKPEQTTGEVRCTKPIUGVVKPICPFTGUGVYKVJVJGEQTTGEVFTKXGT+&4GHGTVQRI&TKXGTUKUCTGRCKTGFKPEQTTGEVN[٨1PEGRCKTGFCFTKXGTWPKVDGEQOGUWPUGCTEJCDNG+PRWVFTKXGT+&UOCPWCNN[QTTGUGVECPEGNVJGRCTKPIUGVVKPIUVQUGCTEJFTKXGT+&UCICKP4GHGTVQRI6QTGUGVFTKXGTRCTKPIUGVVKPIUFKUEQPPGEV2EQPPGEVQTUEQPPGEV2EQPPGEVQTVQRQYGTUWRRN[CPFMGGRKVEQPPGEVGFHQTCVNGCUVUGEQPFU1PEGTGUGVFTKXGTWPKVUECPDGUGCTEJGFHTQOVJGEQPVTQNNGTWPKV2FKUEQPPGEVGF2EQPPGEVGFVQRQYGT㪚㪦㪥㪝㪠㪩㪤㪘㪫㪠㪦㪥
=.KOKVGF9CTTCPV[?5WDLGEVVQVJGVGTOUQHVJG.KOKVGF9CTTCPV[UGVHQTVJDGNQY6'+0YCTTCPVUVJCV'&(%#%6+8'HQTVJGVKOGRGTKQFUVCVGFDGNQYVQVJGQTKIKPCNRWTEJCUGTHQTVJGWUGCICKPUVFGHGEVUKPOCVGTKCNCPFQTYQTMOCPUJKRYJGPKPUVCNNGFVQCPFWUGFQPVJGRCUUGPIGTXGJKENGUCEEQTFKPIVQKPUVTWEVKQPUYCTPKPIUCPFECWVKQPUFGUETKDGFKPVJKUOCPWCNCPFWPFGTPQTOCNQRGTCVKPIEQPFKVKQPU+HVJGFGHGEVKUHQWPFWPFGTUWEJEQPFKVKQPU6'+0UJCNNTGRCKTQTTGRNCEGVJGRTQFWEVHTGGQHEJCTIG9KVJVJGTGIKUVGTKPIQHVJGRTQFWEVKUUWKPIQHVJG9CTTCPV[%GTVKHKECVGUJCNNPQVKPCP[YC[NKOKVVJGNGICNTKIJVQHVJGRWTEJCUGT6JKU.KOKVGF9CTTCPV[KUXQKFKHCP[QHVJGGZGORVKQPUUGVHQTVJGDGNQYCRRNKGUGXGPYKVJKPVJGYCTTCPV[RGTKQFUVCVGFDGNQY6JQWIJCNNVJGRQUUKDNGOGCUWTGUVCMGP6'+0CUUWOGU01TGURQPUKDKNKV[HQTCP[ENGTKECNGTTQTKPENWFKPIDWVPQVNKOKVGFVQOKURTKPVKPICPFQTQOKUUKQPKPVJGEQPVGPVUQHVJGECVCNQIURWDNKUJGFD[6'+06'+0TGUGTXGUVJGTKIJVVQTGXKUGVJG.KOKVGF9CTTCPV[YKVJQWVPQVKEGYJGPGXGTVJGPGGFCTKUG5JQWNFUWEJTGXKUKQPKUOCFG6'+0UJCNNRTQXKFGVJG.KOKVGF9CTTCPV[VQVJGRWTEJCUGTCEEQTFKPIVQVJGTGXKUGFVGTOU6'+0KPCP[GXGPVUJCNNPQVDGJGNFNKCDNGVQVJGRWTEJCUGTHQTGEQPQOKENQUUEQORGPUCVQT[KPEKFGPVCNEQPUGSWGPVKCNQTRWPKVKXGFCOCIGUHQTNQUVRTQHKVUFQYPVKOGNQUVRTQFWEVKQPQTFGHGEVUKPRWTEJCUGTUOCVGTKCNQTYQTMOCPUJKRCPFQTHQTNCDQTQTUJKRRKPIEJCTIGUCTKUKPIFKTGEVN[QTKPFKTGEVN[HTQOVJGWUGQHVJGRTQFWEVKPENWFKPIDWVPQVNKOKVGFVQHWPEVKQPCNHCKNWTGUKPQVJGTGNGEVTQPKECRRNKCPEGUHKTGUCPFQVJGTCEEKFGPVU=6GTOUCPF%QPFKVKQPU?2TQXKFGFVJCVVJGRTQFWEVKUKPUVCNNGFCPFWUGFWPFGTVJGPQTOCNEQPFKVKQP6'+0UJCNNTGRCKTQTTGRNCEGVJGRTQFWEVHTGGQHEJCTIGKHVJGFGHGEVKUHQWPF6GTOU(QTVJGRGTKQFQHQPG[GCTHTQOVJGFCVGQHRWTEJCUG6JGRTQFWEVUJCNN016DGEQXGTGFD[VJGYCTTCPV[KHCP[QHVJGEQPFKVKQPUUGVHQTVJJGTGWPFGTCRRNKGU=&KUENCKOGTVJGRTQFWEVOC[DGTGRCKTGFHQTCHGGKHTGSWGUVGF?6JGRTQFWEVKUTGHQTOGFQTOQFKHKGFKPCP[YC[D[VJGRWTEJCUGTVJGKPUVCNNGTQTVJGYQTMUJQR&COCIGQTFGHGEVECWUGFFKTGEVN[QTKPFKTGEVN[D[FTQRRKPIVJGRTQFWEVCEEKFGPVPCVWTCNFKUCUVGTCDPQTOCNXQNVCIGCPFQTVJGWUGQHRQYGTPQVURGEKHKGFD[6'+0&GHQTOCVKQPQHEQPVTQNNGTCPFQT.%&HCKNWTGECWUGFFKTGEVN[QTKPFKTGEVN[D[GZRQUWTGVQFKTGEVUWPNKIJV&COCIGQTFGHGEVECWUGFFWTKPIKPUVCNNCVKQPCPFQTTGOQXCNRTQEGUU6JGRTQFWEVKUKPUVCNNGFQTWUGFKPEQTTGEVN[QTKPUVTWEVKQPUCPFYCTPKPIUCTGKIPQTGFQTXKQNCVGF&COCIGQTFGHGEVCTKUKPIHTQOVJGEQODKPGFWUGQHVJGRTQFWEVYKVJVJGQVJGTOCPWHCEVWTGURTQFWEVU9QTMQTLQDKPENWFKPIDWVPQVNKOKVGFVQVJGRGTHQTOCPEGVGUVQHVJGRTQFWEVTGSWGUVGFD[VJGRWTEJCUGT&COCIGQTFGHGEVECWUGFD[TWUVCPFQTEQTTQUKQPFWGVQEQPVCEVYKVJUCNVYCVGTUPQYOGNVKPICIGPVCPFUWEJ&COCIGFGHGEVQTFGVGTKQTCVKQPCHVGTVJGGZRKTCVKQPQHVJGYCTTCPV[VGTO='ZENWUKQPUVJGYCTTCPV[KUXQKFQTPQVCRRNKECDNG?7PCXQKFCDNGPQKUGFWGVQVJGEJCTCEVGTKUVKEUQHVJGRTQFWEVKPENWFKPIDWVPQVNKOKVGFVQVJGUQWPFIGPGTCVGFD[VJGOQVQT6JGRTQFWEVKUWUGFHQTQHHTQCFRWTRQUGUCPFQTTCEKPIV[RGEQORGVKVKQPUQTCEVKXKVKGU6JGRTQFWEVKUPQVTGIKUVGTGF6JGRWTEJCUGTECPPQVRTQXKFGVJGYCTTCPV[EGTVKHKECVG&KHHGTGPEGHTQOPGYGT6'+0RTQFWEVUFWGVQRTQFWEVKORTQXGOGPVU'EQPQOKENQUUEQORGPUCVQT[KPEKFGPVCNEQPUGSWGPVKCNQTRWPKVKXGFCOCIGUHQTNQUVRTQHKVUFQYPVKOGNQUVRTQFWEVKQPQTFGHGEVUKPRWTEJCUGTUOCVGTKCNQTYQTMOCPUJKRCPFQTHQTNCDQTQTUJKRRKPIEJCTIGUCTKUKPIFKTGEVN[QTKPFKTGEVN[HTQOVJGWUGQHVJGRTQFWEV&COCIGVQQTKPVGTHGTGPEGYKVJVJGOQVQTCTKUKPIHTQOVJGEQODKPGFWUGQHVJGRTQFWEVYKVJVJGQVJGTOCPWHCEVWTGTUDQPPGVJQQFCPFQTUVTWVVQYGTDCTU&COCIGQTFGHGEVFWGVQQXGTVKIJVGPKPIQHOQVQTCVCDQXGVJGURGEKHKGFVQTSWG%NGTKECNGTTQTKPENWFKPIDWVPQVNKOKVGFVQOKURTKPVKPICPFQTQOKUUKQPKPVJGEQPVGPVUQHVJGECVCNQIUQTOCPWCNURWDNKUJGFD[6'+06JGVGTOUCPFEQPFKVKQPUQHVJGYCTTCPV[CTGPQNQPIGTGHHGEVKXGFWGVQVJGTGXKUKQPOCFGD[6'+0
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◲ᤃᠲ૞ࡑ࠾ࡘࠕ࡞ߪ៤Ꮺ↪ߦ૶↪㗫ᐲߩᄙ޿⸳ቯࠍᛮ☴ߒߚ߽ߩߢߔޕᧄᦠࠍゞਔߦ៤Ꮺߒߥ޿႐วޔᧄࡍ࡯ࠫᏀ஥ߩὐ✢ಾࠅขࠅ✢ߦᴪߞߡࠞ࠶࠻ߒߡ៤Ꮺߔࠆߎߣࠍ೨ឭߣߒߡ߅ࠅ߹ߔߩߢޔᔅⷐߦᔕߓߡߏ೑↪ਅߐ޿ޕ࡮ࠗࡦࠬ࠻࡯࡞✬࠼࡜ࠗࡃࠍ୘૶↪ߔࠆ႐วߩߺޕߘߩઁߩ႐วߪขᛒ⺑᣿ᦠ2߆ࠄߩ⸳ቯࠍෳᾖߒߡਅߐ޿ޕ̪ᠲ૞ߦ౉ࠆ೨ߦޔ੐೨ߦ⸥㍳ߒߚ࠼࡜ࠗࡃ+&ࠍ߅ᚻరߦߏ↪ᗧਅߐ޿ޕᠲ૞⺑᣿ ㆬᛯ㗄⋡ᠲ૞ౝኈޟ࠳ࠗࡗ࡞ޠ⍴᛼ߒޟ࠳ࠗࡗ࡞ޠ⍴᛼ߒޟ࠳ࠗࡗ࡞ޠ⍴᛼ߒޟ࠳ࠗࡗ࡞ޠ⍴᛼ߒޟ࠳ࠗࡗ࡞ޠ⍴᛼ߒޟ࠳ࠗࡗ࡞ޠ࿁ォ㧗⍴᛼ߒޟ࠳ࠗࡗ࡞ޠ࿁ォ㧗⍴᛼ߒࡉࠩ࡯㖸߇㡆ߞߚᓟ⌀⋥ߋ೨ㅴ̪ࡈࡠࡦ࠻ߩ࠼࡜ࠗࡃ+&ࠍㆬ߱࡝ࠕߩ࠼࡜ࠗࡃ+&ࠍㆬ̪߱㧦๟࿐ߩ⁁ᴫࠍ⏕⹺ߒޔ቟ోߥߎߣࠍ⏕⹺ߒߚ਄ߢ⌀ߞ⋥ߋ೨ㅴߒ߹ߔޕޓޓޓࡉࠩ࡯㖸߇㡆ߞߚࠄ஗ᱛ㧔)એ਄ࠍᗵ⍮ߢ⚳ੌ㧕ޓޓޓࡉࠩ࡯㖸ߩ೨ߦᷫㅦߒߚ႐ว߿ޔᓟㅌߒߚ႐วߪ߿ࠅ⋥ߒߡਅߐ޿ޕゞਔࠍ᳓ᐔߥ⁁ᘒߦߢ߈ޔ߆ߟ⌀ߞ⋥ߋ೨ㅴߢ߈ࠆ႐ᚲࠍㆬࠎߢ஗ゞߒߚߩߜ૞ᬺࠍ㐿ᆎߔࠆޕ⸳ቯ㗄⋡ ⴫␜↹㕙࠼࡜ࠗࡃࡍࠕ࡝ࡦࠣᠲ૞↹㕙ߦᚯࠆ
)25ߩࡑ࡯ࠢ߇޽ࠆ߽ߩߪޔ೎ᄁࠅߩ)25ࠠ࠶࠻ߣ૬↪ߒߚ႐วߦ૶߃ࠆᯏ⢻ߦߥࠅ߹ߔޕޟ&+52ޠߢ⴫␜ߩᄌᦝ߇ߢ߈߹ߔޕࠝࡊ࡚ࠪࡦ↹㕙ౝߪ=࠳ࠗࡗ࡞?⍴᛼ߒ࿁ォߢ⴫␜ߩಾࠅᦧ߃ࠍⴕ޿߹ߔޕޟ/1&'ޠߢ೙ᓮߩᄌᦝ߇ߢ߈߹ߔޕ࡮ᠲ૞✬ࡇ࡯ࠢࡇ࡯ࠢࡑ࠾ࡘࠕ࡞೨ᓟ)ࠕ࡟ࡦࠫ㧗ㅦᐲࠕ࡟ࡦࠫ೨ᓟ)ࠕ࡟ࡦࠫ೨ᓟ)࡝࠾ࠕㅦᐲࠕ࡟ࡦࠫㅦᐲ࡝࠾ࠕ೨ᓟ)࡝࠾ࠕ㧗ㅦᐲࠕ࡟ࡦࠫ೨ᓟ)ࠕ࡟ࡦࠫ㧗ㅦᐲ࡝࠾ࠕ೨ᓟ)࡝࠾ࠕ㧗ㅦᐲ࡝࠾ࠕ⚻ᐲ࠻࡝࠶ࡊࡔࡕ࡝೨ᓟ)Ꮐฝ)ゞㅦMOJЊ/2*ᤨ⸘ᷫ⴮ജ⺞ᢛ✲ᐲ 㜞ᐲ
࡮5GVWR٨1PN[HQTVJGWUGQHFTKXGTU(QTQVJGTECUGUTGHGTVQUGVWRRTQEGFWTGUUVCTVKPIHTQORIKPVJGOCPWCN٨$GHQTGUVCTVKPIQRGTCVKQPJCXG[QWTFTKXGT+&UTGCF[$GHQTGOQXKPIEQPHKTOVJGUCHGV[QHUWTTQWPFKPIEQPFKVKQPU/QXGVJGXGJKENGUVTCKIJVHQTYCTFITCFWCNN[CEEGNGTCVKPI5VQRVJGXGJKENGYJGP5612KUUJQYPCPFVJGDGGRGTUQWPFUYJGPVJGUGPUQTFGVGEVUOQTGVJCP)4GFQKHVJGXGJKENGFGEGNGTCVGUQTDCEMUWRDGHQTGVJGDGGRGTUQWPFU6JKUIWKFGUJQYUOQUVHTGSWGPVN[RGTHQTOGFQRGTCVKQPUGZGTVGFHTQOVJGOCPWCN+PECUGVJGOCPWCNKUPQVMGRVYKVJVJGECTEWVQWVVJKURCIGCNQPIVJGFQVVGFNKPGCPFECTT[HQTSWKEMTGHGTGPEG#XCKNCDNG1RVKQPU1RGTCVKQP5GNGEV(V&TKXGT+&5GNGEV4T&TKXGT+&$GHQTGUVCTVKPIQRGTCVKQPRCTMVJGXGJKENGQPVJGNGXGNUWTHCEGYJGTG[QWECPOQXGVJGXGJKENGOCRRTQZHVUVTCKIJVHQTYCTF5GVVKPI &KURNC[&TKXGT2CKTKPI4GVWTPVQ+PKVKCN&KURNC[=&KCN?5JQTVRTGUU=&KCN?5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?6WTP5JQTVRTGUU=&KCN?5JQTVRTGUU5VQRVJGXGJKENGYJGPVJGDGGRGTUQWPFUCHVGTUGEQPFU#HVGTVJGDGGRGTOQXGVJGXGJKENGUVTCKIJVHQTYCTF=&KCN?5JQTVRTGUU+PUVTWEVKQP
=&+52?5JQTVRTGUUVQUYKVEJDGVYGGPFKURNC[QRVKQPU=&KCN?5JQTVRTGUUCPFQTVWTPVQUYKVEJDGVYGGPOGPWU࡮1RGTCVKQPRGCMRGCM1RGTCVKQPUHWPEVKQPUGVEQPN[GPCDNGFYJGPQRVKQPCN)25-KVUQNFUGRCTCVGN[KUKPUVCNNGFWUGF/CPWCN)#TTCPIG).KPGCT5#TTCPIG5.KPGCT)#TTCPIG5#TTCPIG).KPGCT5#TTCPIG)#TTCPIG5.KPGCT).KPGCT5.KPGCT6TKR/GVGTU#EEGNGTCVKQP&GEGNGTCVKQP)(QTEG.GHVYCTF4KIJVYCTF)(QTEG8GJKENGURGGFMOJЊ/2*%NQEM&CORKPI(QTEG#FLWUVOGPV=/1&'?5JQTVRTGUUVQUYKVEJDGVYGGPEQPVTQNOQFGU.CVKVWFG.QPIKVWFG#NVKVWFG

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