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^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ ͲͲͲͲͲͲͲͲ KŶKŶKŶKŶKŶKŶKŶKŶ ͲͲͲͲͲͲͲͲ >ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞĞŶƐĞ>ŝĐĞŶƐĞ >ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ ͲͲͲͲͲͲͲͲͲ KŶKŶKŶKŶKŶKŶKŶKŶKŶ >ŝĐ 'ϬϬϮϲϵ>'ϬϬϬϱϮ>'ϬϬϬϯϳ>'ϬϬϮϴϭ>'ϬϬϬϯϮ>'ϬϬϮϲϰ>'ϬϬϭϲϳ>'ϬϬϮϲϴ>'ϬϬϬϲϵ>'ϬϬϬϰϮ>'ϬϬϮϱϱ>'ϬϬϬϱϭ>'ϬϬϮϰϯ>'ϬϬϮϳϭ>'ϬϬϭϲϲ>'ϬϬϮϴϯ>'ϬϬϮϯϳ> 3DFNHW3J )D ϰϮϮϭt^d/Z>ZEt͕ZK,^dZ͕DEϱϱϵϬϭ ϭϵϵϭEtKDDZZ͕ZK,^dZ͕DEϱϱϵϬϭ ϱϬϬZK^^ZK^Z^t͕ZK,^dZ͕DEϱϱϵϬϮ ϭϲϰϱEZKtzs͕ZK,^dZ͕DEϱϱϵϬϲ ϭϭϵϬ^tϭϲ^d͕^dϭϬϬ͕ZK,^dZ͕DEϱϱϵϬϮ ^dZ͕DEϱϱϵϬϰ ϭϯϭϱϲd,^dZdEt͕ZK,^dZ͕DEϱϱϵϬϭ ^dϯϬϬ͕ZK,^dZ͕DEϱϱϵϬϰ ϰϭϰϰEt,tzϱϮ͕ZK,^dZ͕DEϱϱϵϬϭ ϵϭϳ^ϭϱd,s͕ZK,^dZ͕DEϱϱϵϬϰ ϯϱϯϵEtϮϮs͕ZK,^dZ͕DEϱϱϵϬϭ ϱϬϬϯϳd,^dEt͕ZK,^dZ͕DEϱϱϵϬϭ ϰϭϮ^ϯZs͕ZK,^dZ͕DEϱϱϵϬϰ ϯϴϬϭϳƚŚǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϭ ϭϳϬϬ^tϰϴ^d͕ZK,^dZ͕DEϱϱϵϬϮ ϯϬϰ^tϭs͕ZK,^dZ͕DEϱϱϵϬϮ ϭϮϬϯ^tϮ^d͕ZK,^dZ͕DEϱϱϵϬϮ ϮϮϱ^ZKtzs͕ZK, ϭϬϮ^ϮϬ^d͕ tŝůůŽǁƌĞĞŬ'ŽůĨŽƵƌƐĞ sĞĞDĂƌŬĞƚ'ƌŝůůĞηϰ &ŝǀĞtĞƐƚ<ŝƚĐŚĞŶнĂƌ sĞĞDĂƌŬĞƚĂĨĞηϮDĂƌŬĞƚĂĨĞηϭ sĞĞDĂƌŬĞƚĂĨĞηϯ ƌŽĂĚǁĂǇĂƌΘWŝǌǌĂ KůŝǀĞ'ĂƌĚĞŶηϭϲϬϬ>ŽƐƌĐŽƐ<ŝƚĐŚĞŶΘ ,ŝůƚŽŶ'ĂƌĚĞŶ/ŶŶ ĂŶĂĚŝĂŶ,ŽŶŬĞƌ &ŝĞƐƚĂĂĨĞĂƌ dŚĞ,ĂůĨĂƌƌĞů ĂŐůĞƐůƵď ZĞƐƚĂƵƌĂŶƚ ZŽĐŚĞƐƚĞƌ /ĐŚŝdŽŬǇŽ ĂŶƚŝŶĂ sĞĞ &ŝŐƵĞ ͲͲͲͲ ,Ǉ,Ǉ,Ǉ,Ǉ &ŝĚĚůĞŚĞĂĚŽĨĨĞĞŽŵƉĂŶǇ ,ŽŶŬĞƌŶƚĞƌƉƌŝƐĞƐ/ŶĐ͘ 'ĞǀĞůŽƉŵĞŶƚ>> &E''ŽůĨKƉĞƌĂƚŝŽŶƐ͕ /ĐŚŝdŽŬǇŽ^ŽƵƚŚ>> &ŝĞƐƚĂĂĨĞĂƌ>> &ůŝƉƉŝŶŽƵŐŚ>> &KĞƌŝĞϮϮϮϴ ,ĂůĨĂƌƌĞů>> ,ĞƌŵĂŶŽƐ>> &ŝǀĞtĞƐƚ>> sĞĞ͕/ŶĐ͘sĞĞ͕/ŶĐ͘sĞĞ͕/ŶĐ͘sĞĞ͕/ŶĐ͘ &ŝŐƵĞ͕>> 'DZ//ŶĐ͘ /ŶĐ͘ͲͲͲͲ ,Ǉ,Ǉ,Ǉ,Ǉ ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ &Ƶůů/ŶƚŽǆŝĐĂƚŝŶŐ&Ƶůů/ŶƚŽǆŝĐĂƚŝŶŐ /ŶƚŽǆŝĐĂƚŝŶŐ ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ^ĂůĞ>ŝĐĞŶƐĞ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ KŶKŶKŶKŶKŶKŶKŶKŶKŶKŶKŶKŶKŶKŶ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ >ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ>ŝĐĞŶƐĞ >ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ>ŝƋƵŽƌ Ͳ&ƵůůͲͲ KŶKŶKŶ >ŝĐ 'ϬϬϭϰϰ>'ϬϬϮϬϳ>'ϬϬϭϵϴ>'ϬϬϬϵϳ>'ϬϬϬϴϯ>'ϬϬϮϯϮ>'ϬϬϬϱϯ>'ϬϬϭϲϵ>'ϬϬϬϰϬ>'ϬϬϭϰϱ>'ϬϬϮϴϳ>'ϬϬϬϮϯ>'ϬϬϬϬϱ>'ϬϬϬϬϲ>'ϬϬϬϬϰ>'ϬϬϬϬϳ>'ϬϬϮϯϬ> 3DFNHW3J )D ϭϮϬϭ^ZKtzs͕^dϴϴ͕ZK,^dZ͕DEϱϱϵϬϰ ϭϮϬϭ^ZKtz͕^dϱϬϴ͕ZK,^dZ͕DEϱϱϵϬϰ ϳϯϴϲ^t/ZWKZds/tZ͕ZK,^dZ͕DEϱϱϵϬϮ ϭϳϮϲ^ZKtzs͕ZK,^dZ͕DEϱϱϵϬϰ ϯϭϴ^ZKtzs͕ZK,^dZ͕DEϱϱϵϬϰ ϯϭϲϬEt>>EZZ͕ZK,^dZ͕DEϱϱϵϬϲ ϯϬϳ^ƌŽĂĚǁĂǇs͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϰ Ϭϭ ϱϮϯϭEtϱϮ,tz͕ZK,^dZ͕DEϱϱϵϬϭ ϱϱϵϬϭ ϰϳϮϭt/Z>Z͕ZK,^dZ͕DEϱϱϵ ϭϬEdZ^d͕ZK,^dZ͕DEϱϱϵϬϰ ϯϰEtϭϳs͕ZK,^dZ͕DEϱϱϵϬϭ ϭϬϬϱEtϲ^d͕ZK,^dZ͕DEϱϱϵϬϭϭϬϬϱEtϲ^d͕ZK,^dZ͕DEϱϱϵϬϭ ϴϯϮEtϳ^d͕ZK,^dZ͕DEϱϱϵϬϭ ϰϬϭ^tϲ^d͕ZK,^dZ͕DEϱϱϵϬϮ ϭϴ^tϭ^d͕ZK,^dZ͕DEϱϱϵϬϮ ϯϰϰϵEtϮϮs͕ZK,^dZ͕DE KůĚďĞŽĨĨĞĞŽŵƉĂŶǇ ,ŝůƚŽŶZŽĐŚĞƐƚĞƌDĂǇŽ dǁŝŐƐdĂǀĞƌŶΘ'ƌŝůůĞ KƵƚďĂĐŬ^ƚĞĂŬŚŽƵƐĞ >ŽƐƌĐŽƐ<ŝƚĐŚĞŶΘ EŽƌƚŚĞƌŶEŝŶĞƚĞĞŶ :ĞŶƉĂĐŚŝ:ĂƉĂŶĞƐĞ &ŽƌĂŐĞƌƌĞǁĞƌǇ&ŽƌĂŐĞƌƌĞǁĞƌǇ >ŽƐ:ĂƌƌŝƚŽƐĂĨĞ DĂŶŐŽdŚĂŝ ^ƚĞĂŬŚŽƵƐĞ<ĂƚŚǇΖƐWƵď ůŝŶŝĐƌĞĂ /ĐŚŝdŽŬǇŽ EĞǁƚƐϲϯ ĂŶƚŝŶĂ ϲϯůƵď EĞǁƚΖƐ DK< >ĞŐĂĐǇ,ŽƐƉŝƚĂůŝƚǇ/͕>> /ŵĂŐĞŽĨZŽĐŚĞƐƚĞƌ/ŶĐ͘ KƵƚďĂĐŬ^ƚĞĂŬŚŽƵƐĞŽĨ EŽƌƚŚĞƌŶEŝŶĞƚĞĞŶ>> >ŽƐ:ĂƌƌŝƚŽƐZĞƐƚĂƵƌĂŶƚ :ĞŶƉĂĐŚŝ,ŝďĂĐŚŝ>> DƵƌƉŚǇΘdĞĂů͕/ŶĐ͘ <ƵƚǌŬǇDĂƌŬĞƚ>><ƵƚǌŬǇDĂƌŬĞƚ>> ZĞƐƚĂƵƌĂŶƚƐ͕/ŶĐ͘ >ŽƐĂŵƉŽƐ>>DĂŶŐŽdŚĂŝ>> >ŝŶYƵŝĂŶŐ>> :ŽĂŶĂƌů>> EĞǁƚƐϱϮ/ŶĐEĞǁƚƐϲϯ/ŶĐ :ΘD&ĂŵŝůǇ /ůĂĚĂŶĞ>> &ůŽƌŝĚĂ>> /ŶĐ ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ^ĂůĞ 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WƵďůŝĐ͗DƵŶŝĐŝƉĂůϲϯϲϯϲϯϲϯϭ͕ϰϮϮϰϮ͕ϯϯϲ WƌŝǀĂƚĞϯϲϯϲϯϲϯϲϳϵϮϲϳ͕ϮϬϯ EŽŶͲZĞŐƵůĂƚŝŽŶ;ǆĞĐƵƚŝǀĞΘWĂƌͲϯͿϵϮϳϮϳϮϳϳϮϵϭϴ͕ϳϭϭ EĞƚŚĂŶŐĞΎ EĞƚŚĂŶŐĞŝŶ,ŽůĞƐƉĂƐƚϱǇĞĂƌƐ ϬϬͲϵϬͲϯϮϰͲϭϲ͕Ϭϯϴ WĞƌĐĞŶƚĂŐĞdŽƚĂů,ŽůĞƐWĂƐƚϱzƌƐ Ϭ͘ϬϬйϬ͘ϬϬйͲϮ͘ϱϬйϬ͘ϬϬйͲϰ͘ϲϬйͲϲ͘ϮϬй EĞƚŚĂŶŐĞŝŶ,ŽůĞƐƉĂƐƚϭϬzĞĂƌƐ ͲϮϳͲϮϳͲϰϱͲϮϳͲϲϰϴͲϮϳ͕ϭϮϲ WĞƌĐĞŶƚĂŐĞdŽƚĂů,ŽůĞƐWĂƐƚϭϬzƌƐ Ͳϭϱ͘ϴϬйͲϭϬ͘ϯϬйͲϭϭ͘ϰϬйͲϭϯ͘ϬϬйͲϴ͘ϳϬйͲϭϬ͘ϭϬй ΎEƵŵďĞƌƐŵĂǇŝŶĐůƵĚĞĐŽƵƌƐĞƐƵŶĚĞƌĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƚĞŵƉŽƌĂƌŝůǇĐůŽƐĞĚĂƚƚŚĞĞŶĚŽĨƚŚĞǇĞĂƌ͘ 1DWLRQDO*ROI)RXQGDWLRQ&RQVXOWLQJ,QF±5RFKHVWHU*ROI&RXUVHV2SHUDWLRQDO5HYLHZ± 3DFNHW3J +D 5RFKHVWHU*ROI0DUNHW*ROI6XSSO\'HPDQG5DWLRV /ŶƚĞƌƐĞĐƚŝŽŶŽĨϮŶĚǀ^tΘ ϮŶĚ^ƚ^tZŽĐŚĞƐƚĞƌKůŵƐƚĞĂĚ^ƚĂƚĞŽĨ h͘^͘ ŽƵŶƚǇ ϭϬͲŵŝůĞƌŝŶŐϮϬͲŵŝůĞƌŝŶŐD^DŝŶŶĞƐŽƚĂ ^ƵƉƉůǇͲĞŵĂŶĚZĂƚŝŽƐ ,ŽƵƐĞŚŽůĚƐƉĞƌϭϴ,ŽůĞƐ dŽƚĂůϳ͕Ϯϴϴϱ͕ϵϲϴϰ͕ϲϳϴϲ͕ϱϬϲϲ͕ϬϬϮϵ͕ϱϵϬ WƵďůŝĐϵ͕ϳϭϴϳ͕Ϭϱϯϱ͕Ϯϭϯϴ͕ϭϯϯϲ͕ϳϵϴϭϯ͕Ϯϵϰ WƵďůŝĐ͗ĂŝůǇ&ĞĞϮϯ͕ϯϮϮϭϬ͕ϯϰϰϲ͕ϱϭϲϭϰ͕ϰϱϴϴ͕ϵϮϬϭϳ͕ϱϳϯ WƵďůŝĐ͗DƵŶŝĐŝƉĂůϭϲ͕ϲϱϵϮϮ͕ϭϲϱϮϲ͕Ϭϲϱϭϴ͕ϱϴϵϮϴ͕ϱϲϳϱϰ͕ϲϮϱ WƌŝǀĂƚĞϮϵ͕ϭϱϯϯϴ͕ϳϴϵϰϱ͕ϲϭϯϯϮ͕ϱϯϭϱϭ͕Ϯϵϭϯϰ͕ϰϭϮ WƌĞŵŝƵŵ;хΨϳϬͿϬϬϵϭ͕ϮϮϲϬϲϮ͕ϲϴϵϳϭ͕ϭϬϬ 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˖ˢ˗˘˔˦˔ˡ˔ˠ˘ˡ˗ˠ˘ˡ˧˪˛˜˖˛˦˨ˣ˘˥˦˘˗˘˦ˢ˧˛˘˥˖ˢ˗˘˦ʡˇ˛˘˧˔˕˟˘˗˘ˠˢˡ˦˧˥˔˧˘˦˛ˢ˪˧˛˘˔ˠ˘ˡ˗ˠ˘ˡ˧˦ ˪˘˥˘˖ˢˡ˦˜˗˘˥˘˗ʟ˔ˡ˗˔˦˨ˠˠ˔˥ˬˢ˙˦˔˜˗ˡˢ˧˔˕˟˘˔ˠ˘ˡ˗ˠ˘ˡ˧˦˜˦ˣ˥˘˦˘ˡ˧˘˗˕˘˙ˢ˥˘˔ˡ˗˔˙˧˘˥˧˛˘˧˔˕˟˘ʡ ˂ˈ˅ʶ˂ʷʸ ʻˢ˨˦˜ˡ˚ʶˢ˗˘ˁˢ˧˘˪ˢ˥˧˛ˬ ʼ˃ˀʶˀˁʶ˂ʷʸˁʸˊ ˀ˂˅ʸ ʴˠ˘ˡ˗ˠ˘ˡ˧˦ ʴʿʼʺˁˀʸˁˇʴ˃˃ʿʼʸˆ˃˅˂˃˂ˆʴʿ ʹʿʸˋʼʵʿʸ ˉʼ˂ʿʴˇʼ˂ˁ˃ʸˁʴʿˇʼʸˆ ˋˋ ˆʸʶˇʼ˂ˁʪʠʦʠʩʴˁʷʪʠʦʠʥʧ ˁ˂ˁ˃˂ˇʴʵʿʸˊʴˇʸ˅˅ʸˈˆʸˆˌˆˇʸˀ ˋˋˋ ˆʸʶˇʼ˂ˁʪʠʨʠʧʤ ˅ʸʶʸ˃ˇʴʶʿʸˆʢ˂ˈˇʿʸˇˆʼˁˇʻʸʾʼˇʶʻʸˁ ˋˋ ˆʸʶˇʼ˂ˁʪʠʪʠʥʤ ʹʼ˅ʸˆʴʹʸˇˌ˅ʸ˄ˈʼ˅ʸˀʸˁˇˆ ˋ ʶʻʴ˃ˇʸ˅ʪʠʫ ʶ˂ʷʸˇʸʶˇ˂˅ʿ˂ʶʴˇʼ˂ˁ ˋˋ ˆʸʶˇʼ˂ˁʪʠʫʠʧʬʠʪʠʫʠʨʣ ʴ˃˃ʿʼʶʴʵʼʿʼˇˌʟʷʸʹʼˁʼˇʼ˂ˁˆ ˋ ʴˁʷʹʼˁʷʼˁʺˆ ˆʸʶˇʼ˂ˁʪʠʥʠʦϝʪʠʥʠʩʴˁʷʪʠʤ ʻʸʴʷ˅˂˂ˀ˅ʸ˄ˈʼ˅ʸˀʸˁˇˆ ˋ ˆʸʶˇʼ˂ˁʪʠʦʠʦʩ ʷˈˇʼʸˆ˂ʹʶ˂ʷʸ˂ʹʹʼʶʼʴʿ ˋ ʶʻʴ˃ˇʸ˅ʪʠʦ ʻʴˁʷ˅ʴʼʿˆʴˁʷʺˈʴ˅ʷˆ ˋ ˆʸʶˇʼ˂ˁʪʠʧʠʨʦ ˂ʶʶˈ˃ʴˁʶˌʿʼˀʼˇʴˇʼ˂ˁ ˋ ˆʸʶˇʼ˂ˁʪʠʨʠʤʩʴˁʷʪʠʨʠʥʤ ʵʴˆʸˀʸˁˇʶʸʼʿʼˁʺʻʸʼʺʻˇ ˋ ˆʸʶˇʼ˂ˁʪʠʨʠʤʧ ˉʴʶʴˁˇʵˈʼʿʷʼˁʺ˅ʸʺʼˆˇ˅ˌ ˋˋ ˆʸʶˇʼ˂ˁʪʠʧʠʨ ʷʸʹʸ˅ʺ˅˂ˈ˃ʻ˂ˀʸʼˁˆ˃ʸʶˇʼ˂ˁˆ ˋ ˆʸʶˇʼ˂ˁʪʠʧʠʪ ˃˅˂˃ʸ˅ˇˌʼˁʶʸˁˇʼˉʸˆˌˆˇʸˀ ˋ ˆʸʶˇʼ˂ˁʪʠʬʠʤʧ 3DFNHW3J +D ˉ˜ˢ˟˔˧˜ˢˡ˃˘ˡ˔˟˧˜˘˦ ˇ˛˘ʼ˃ˀʶ˚˨˜˗˘˦˧ˢ˔˗ˢˣ˧˩˜ˢ˟˔˧˜ˢˡˣ˘ˡ˔˟˧˜˘˦˪˛˜˖˛˦˧˔˧˘˧˛˔˧˘˔˖˛˗˔ˬ˧˛˔˧˔˩˜ˢ˟˔˧˜ˢˡ˖ˢˡ˧˜ˡ˨˘˦˔˙˧˘˥ ˗˨˘ˡˢ˧˜˖˘˛˔˦˕˘˘ˡ˦˘˥˩˘˗˦˛˔˟˟˕˘˗˘˘ˠ˘˗˔˦˘ˣ˔˥˔˧˘ˢ˙˙˘ˡ˦˘ʡˇ˛˘ʶ˜˧ˬ˔˧˧ˢ˥ˡ˘ˬϠ˦ˢ˙Ѓ˖˘ˡˢ˧˘˦˧˛˜˦˜˦˔ ˣ˥˔˖˧˜˖˘˨˦˘˗˕ˬˢ˧˛˘˥˖ˢˠˠ˨ˡ˜˧˜˘˦˔ˡ˗˔˟˟ˢ˪˨˦˔ˡˢ˧˛˘˥˧ˢˢ˟˜ˡˢ˨˥˘ˡ˙ˢ˥˖˘ˠ˘ˡ˧˥˘˦ˢ˨˥˖˘˦˧ˢ˔˗˗˥˘˦˦ ˩˜ˢ˟˔˧˜ˢˡ˦ʡ ˁˢˡˣˢ˧˔˕˟˘ˊ˔˧˘˥˅˘˨˦˘ˆˬ˦˧˘ˠ ˇ˛˜˦ˣ˥ˢˣˢ˦˘˦˧ˢ˘ˡ˦˨˥˘ˡˢˡˣˢ˧˔˕˟˘˪˔˧˘˥˥˘˨˦˘˦ˬ˦˧˘ˠ˦˔˥˘ˠ˔˜ˡ˧˔˜ˡ˘˗ʡˁˢˡˣˢ˧˔˕˟˘˥˔˜ˡ˪˔˧˘˥ ˖˔˧˖˛ˠ˘ˡ˧˦ˬ˦˧˘ˠ˦˔˥˘ˡˢ˧˖ˢˠˠˢˡ˜ˡ˅ˢ˖˛˘˦˧˘˥ʟ˕˨˧˧˛˜˦˜˦˔˧˥˘ˡ˗ʡʴ˗ˢˣ˧˜ˡ˚˧˛˜˦ˣˢ˟˜˖ˬˣ˨˧˦˨˦˜ˡ ˣˢ˦˜˧˜ˢˡ˧ˢˠ˘˘˧˖˛˔ˡ˚˜ˡ˚ˣ˥˔˖˧˜˖˘˦˔ˡ˗˘ˡ˦˨˥˘˪ˢ˥˞˜ˡ˚˦ˬ˦˧˘ˠ˦ʡ ʹ˜˥˘ˆ˔˙˘˧ˬ˅˘ˤ˨˜˥˘ˠ˘ˡ˧˦ ʴ˗ˢˣ˧˜ˡ˚Ѓ˥˘˦˔˙˘˧ˬ˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦˙˥ˢˠ˧˛˘ʼ˃ˀʶ˚˜˩˘˨˦ˠˢ˥˘˔˨˧˛ˢ˥˜˧ˬ˧ˢ˘ˡ˦˨˥˘Ѓ˥˘˦˔˙˘˧ˬˠ˔˜ˡ˧˘ˡ˔ˡ˖˘ ˜˦˘ˡ˦˨˥˘˗˜ˡ˥˘ˡ˧˔˟ˣ˥ˢˣ˘˥˧˜˘˦ʛ˧˛˜ˡ˞˘ˡ˦˨˥˜ˡ˚ˠ˘˔ˡ˦ˢ˙˘˚˥˘˦˦ˠ˔˜ˡ˧˔˜ˡ˘˗ʟ˔˦˦˘ˠ˕˟˜˘˦˨˦˘˗˙ˢ˥Ѓ˥˘ ˥˘˦˜˦˧˔ˡ˖˘ʟЃ˥˘˪˔˟˟˦ˠ˔˜ˡ˧˔˜ˡ˘˗ʟ˘˧˖ʡʜʡʴ˟ˢ˧ˢ˙˧˛˘˦˘˔˥˘˜˧˘ˠ˦˪˘˛˔˩˘˔˟˪˔ˬ˦˕˘˘ˡ˜ˡ˦ˣ˘˖˧˜ˡ˚ʟ˕˨˧˪ˢ˨˟˗ ˥˘˙˘˥˧ˢ˔˗˜˙˙˘˥˘ˡ˧˖ˢ˗˘ʡˁˢ˪˧˛˘˦˧˔ˡ˗˔˥˗˜˦˧ˢ˜ˡ˖˟˨˗˘˜ˡ˧˛˘˛ˢ˨˦˜ˡ˚˖ˢ˗˘ʡˇ˛˥ˢ˨˚˛˖ˢˡ˦˨˟˧˜ˡ˚˪˜˧˛ ʹ˜˥˘ʷ˘ˣ˔˥˧ˠ˘ˡ˧ʟ˧˛˘ʼ˃ˀʶЃ˥˘˖ˢ˗˘˜˦˩˘˥ˬ˦˜ˠ˜˟˔˥˧ˢ˧˛˘˜˥Ѓ˥˘˖ˢ˗˘ʡ˂˨˥˘ˡ˙ˢ˥˖˘ˠ˘ˡ˧˦˨ˣˣˢ˥˧˦˧˛˘ʹ˜˥˘ ʷ˘ˣ˔˥˧ˠ˘ˡ˧˜ˡ˙ˢ˖˨˦˜ˡ˚˧˛˘˜˥˘˙˙ˢ˥˧˦˔ˡ˗˥˘˦ˢ˨˥˖˘˦˜ˡˢ˧˛˘˥˦˘˧˧˜ˡ˚˦ˡ˘˘˗˜ˡ˚Ѓ˥˘˜ˡ˦ˣ˘˖˧˜ˢˡ˦ʡ ʶ˔˥˕ˢˡˀˢˡˢ˫˜˗˘ʷ˘˧˘˖˧ˢ˥ʿˢ˖˔˧˜ˢˡ ʼ˧˜˦ˣ˥ˢˣˢ˦˘˗˧ˢ˨ˣ˗˔˧˘ˢ˨˥˖ˢ˗˘˧ˢ˖ˢˡЃ˥ˠ˧˛˘˟ˢ˖˔˧˜ˢˡˢ˙˖˔˥˕ˢˡˠˢˡˢ˫˜˗˘˗˘˧˘˖˧ˢ˥˦˧ˢ˕˘ʤʣϠ˙˥ˢˠ˔ˡˬ ˦˟˘˘ˣ˜ˡ˚˨ˡ˜˧˥˔˧˛˘˥˧˛˔ˡ˜ˡ˘˩˘˥ˬ˕˘˗˥ˢˢˠ˪˜˧˛˦ˢˠ˘˘˫˖˘ˣ˧˜ˢˡ˦˔ˣˣ˟ˬ˜ˡ˚ʛ˪˛˜˖˛˜˦ˠˢ˥˘˖ˢˡ˦˜˦˧˘ˡ˧˪˜˧˛ ˥˘˦˜˗˘ˡ˧˜˔˟˕˨˜˟˗˜ˡ˚˖ˢ˗˘ʜʡ ʴˣˣ˟˜˖˔˕˜˟˜˧ˬʟʷ˘Ѓˡ˜˧˜ˢˡ˦ʟ˔ˡ˗ʹ˜ˡ˗˜ˡ˚˦ ˊ˘˙ˢ˨ˡ˗˧˛˜˦ˣˢ˥˧˜ˢˡˢ˙ˢ˨˥˖ˢ˗˘˧ˢ˕˘ˠˢ˥˘˖˟˘˔˥˔ˡ˗˘˔˦˜˘˥˧ˢ˘ˡ˙ˢ˥˖˘˥˔˧˛˘˥˧˛˔ˡ˪˛˔˧˧˛˘ʼ˃ˀʶ ˦˨˚˚˘˦˧˦ʡʴ˦˦˨˖˛ʟ˪˘˔˥˘ˣ˥ˢˣˢ˦˜ˡ˚˧ˢ˖ˢˡ˧˜ˡ˨˘˧˛˜˦ˣˢ˥˧˜ˢˡˢ˙ˢ˨˥˖ˢ˗˘ʡ ʻ˘˔˗˥ˢˢˠ˅˘ˤ˨˜˥˘ˠ˘ˡ˧˦ ˂˨˥˛˘˔˗˥ˢˢˠ˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦˔˥˘˕˔˦˘˗ˢˡ˧˛˘ʥʣʥʣˀ˜ˡˡ˘˦ˢ˧˔˅˘˦˜˗˘ˡ˧˜˔˟ʶˢ˗˘ʟ˪˛˜˖˛˦˨ˣ˘˥˦˘˗˘˦˧˛˘ ʼ˃ˀʶʭ ˅ʦʣʨʡʥʡʥˀ˜ˡ˜ˠ˨ˠ˦˧˔˜˥˪˔ˬ˛˘˔˗˥ˢˢˠʟ˘˫˜˦˧˜ˡ˚˕˨˜˟˗˜ˡ˚˦ʡʴ˟˧˘˥˔˧˜ˢˡ˦˧ˢ˘˫˜˦˧˜ˡ˚˕˔˦˘ˠ˘ˡ˧˦˧˔˜˥˪˔ˬ˦˦˛˔˟˟ ˛˔˩˘˔ˠ˜ˡ˜ˠ˨ˠ˛˘˔˗˥ˢˢˠ˜ˡ˔˟˟ˣ˔˥˧˦ˢ˙˧˛˘˦˧˔˜˥˪˔ˬˡˢ˧˟˘˦˦˧˛˔ˡʩ˙˘˘˧ʧ˜ˡ˖˛˘˦ʛʤʬʦʤˠˠʜˠ˘˔˦˨˥˘˗ ˩˘˥˧˜˖˔˟˟ˬ˙˥ˢˠ˧˛˘˦˟ˢˣ˘˗˟˜ˡ˘˔˗˝ˢ˜ˡ˜ˡ˚˧˛˘˧˥˘˔˗ˡˢ˦˜ˡ˚ˢ˥˙˥ˢˠ˧˛˘Єˢˢ˥˦˨˥˙˔˖˘ˢ˙˧˛˘˟˔ˡ˗˜ˡ˚ˢ˥ ˣ˟˔˧˙ˢ˥ˠˢˡ˧˛˔˧ˣˢ˥˧˜ˢˡˢ˙˧˛˘˦˧˔˜˥˪˔ˬʡ ʸ˫˖˘ˣ˧˜ˢˡʭˊ˛˘˥˘˧˛˘ˡˢˢ˦˜ˡ˚Ϡ˦ˢ˙˧˥˘˔˗˦˔˧˧˛˘˦˜˗˘ˢ˙˔Є˜˚˛˧˘˫˧˘ˡ˗˨ˡ˗˘˥˧˛˘˘˗˚˘ˢ˙˔Єˢˢ˥ˢˣ˘ˡ˜ˡ˚ ˧˛˥ˢ˨˚˛˪˛˜˖˛˧˛˘˦˧˔˜˥ˣ˔˦˦˘˦ʟ˧˛˘Єˢˢ˥ˢˣ˘ˡ˜ˡ˚˦˛˔˟˟˕˘˔˟˟ˢ˪˘˗˧ˢˣ˥ˢ˝˘˖˧˛ˢ˥˜˭ˢˡ˧˔˟˟ˬ˜ˡ˧ˢ˧˛˘˥˘ˤ˨˜˥˘˗ ˛˘˔˗˥ˢˢˠ˔ˠ˔˫˜ˠ˨ˠˢ˙ʧʦʢʧ˜ˡ˖˛˘˦ʛʤʥʤˠˠʜʡ ʷ˨˧˜˘˦ˢ˙ʶˢ˗˘˂˙Ѓ˖˜˔˟ ˇ˛˘ʼ˃ˀʶˣ˥ˢˣˢ˦˘˗˦˘˖˧˜ˢˡˢ˙˧˛˘˗˨˧˜˘˦ˢ˙˧˛˘˖ˢ˗˘ˢ˙Ѓ˖˜˔˟˜˦ˠˢ˥˘˖˟˘˔˥˔ˡ˗˖ˢˡ˖˜˦˘˧˛˔ˡˢ˨˥ˢ˪ˡ˖ˢ˗˘ʡ ˇ˛˜˦˦˘˖˧˜ˢˡ˗˘˧˔˜˟˦˛ˢ˪˜ˡ˦ˣ˘˖˧˜ˢˡ˥˘˦˨˟˧˦˔˥˘˖ˢˠˠ˨ˡ˜˖˔˧˘˗ʟ˥˜˚˛˧ˢ˙˘ˡ˧˥ˬ˚˨˜˗˘˟˜ˡ˘˦ʟ˜˗˘ˡ˧˜Ѓ˖˔˧˜ˢˡ ˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦ʟ˔ˡ˗˗˘ˣ˔˥˧ˠ˘ˡ˧˥˘˖ˢ˥˗˦˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦ʡ ʻ˔ˡ˗˥˔˜˟˦ ˇ˛˘˛˔ˡ˗˥˔˜˟˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦˦ˣ˘˟˟˘˗ˢ˨˧˜ˡˢ˨˥˖˨˥˥˘ˡ˧˖ˢ˗˘˔˥˘˖˟˘˔˥˘˥ʟˣ˥ˢ˩˜˗˘ˠˢ˥˘˧ˢˢ˟˦˧ˢ˘ˡ˙ˢ˥˖˘ʟ ˔ˡ˗˔˟˜˚ˡ˪˜˧˛˧˛˘ʼˡ˧˘˥ˡ˔˧˜ˢˡ˔˟˅˘˦˜˗˘ˡ˧˜˔˟ʶˢ˗˘ʡʴ˦˦˨˖˛ʟ˧˛˘ˠ˜ˡ˜ˠ˨ˠ˛˘˜˚˛˧˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦˔ˡ˗ ˗˘˧˘˥ˠ˜ˡ˔˧˜ˢˡˢ˙˪˛˘ˡ˛˔ˡ˗˥˔˜˟˦˔˥˘˥˘ˤ˨˜˥˘˗˔˥˘˨ˡ˖˛˔ˡ˚˘˗ʡ 3DFNHW3J +D ˂˖˖˨ˣ˔ˡ˖ˬʿ˜ˠ˜˧˔˧˜ˢˡ ˇ˛˘ˣ˥ˢˣˢ˦˘˗˖ˢ˗˘˟˔ˡ˚˨˔˚˘˜ˡ˧˛˘ʼ˃ˀʶ˔˥ˢ˨ˡ˗ˢ˖˖˨ˣ˔ˡ˖ˬ˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦˔˥˘ˠˢ˥˘˦˧˥˜ˡ˚˘ˡ˧˔ˡ˗˗˜˙Ѓ˖˨˟˧ ˧ˢ˘ˡ˙ˢ˥˖˘˧˛˔ˡˢ˨˥ˢ˪ˡ˖ˢ˗˘˦ʡʴ˦˦˨˖˛ʟ˪˘ˣ˥ˢˣˢ˦˘˧ˢ˖ˢˡ˧˜ˡ˨˘ˢ˨˥˖˨˥˥˘ˡ˧˖ˢ˗˘˟˔ˡ˚˨˔˚˘˔˥ˢ˨ˡ˗ ˢ˖˖˨ˣ˔ˡ˖ˬ˥˘ˤ˨˜˥˘ˠ˘ˡ˧˦ʡ ʵ˔˦˘ˠ˘ˡ˧˔ˡ˗ʶ˘˜˟˜ˡ˚ʻ˘˜˚˛˧ ˇ˛˘ˀ˜ˡˡ˘˦ˢ˧˔˅˘˦˜˗˘ˡ˧˜˔˟ʶˢ˗˘˛˔˦˕˘˘ˡ˔ˠ˘ˡ˗˘˗˧ˢ˔˟˟ˢ˪˙ˢ˥˟ˢ˪˘˥˖˘˜˟˜ˡ˚˛˘˜˚˛˧˦˜ˡ˧˛˘˕˔˦˘ˠ˘ˡ˧ʡʴ˦ ˦˨˖˛ʟˢ˨˥˖ˢ˗˘˪˜˟˟˕˘˨ˣ˗˔˧˘˗˧ˢ˜ˡ˗˜˖˔˧˘˧˛˜˦˦ˣ˘˖˜Ѓ˖˔˧˜ˢˡ˪˛˜˖˛˦˨ˣ˘˥˦˘˗˘˦˧˛˘ʼ˃ˀʶʭ ˆ˘˖˧ʡʪʠʨʠʤʧϝˀ˜ˡ˜ˠ˨ˠʠ˖˘˜˟˜ˡ˚˛˘˜˚˛˧˦ʡ 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