FMFDUSPOJD VTFShT NBOVBM GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 1 NBOVBM IUNM ".
;BTBEZ CF[QJFD[FŴUXB J XZLSZXBOJF VTUFSFL =DVDG\ EH]SLHF]HĔWZD L Z\NU\ZDQLH XVWHUHN ĝURGNL RVWURĪQRĞFL L NRQVHUZDFMD 8VXZDQLH QLHVSUDZQRĞFL ,QIRUPDFMH R VSHáQLDQ\FK QRUPDFK ,QQH LQIRUPDFMH 6URGNL RVWURĪQRĞFL L NRQVHUZDFMD 2675=(ĩ(1,( 1LHSU]HVWU]HJDQLH SURFHGXU RUD] VSRVREyZ UHJXODFML PRQLWRUD RSLVDQ\FK Z QLQLHMV]HM GRNXPHQWDFML PRĪH VSRZRGRZDü QDUDĪHQLH VLĊ QD QLHEH]SLHF]HĔVWZR SRUDĪHQLD HOHNWU\F]QHJR OXE XUD]yZ PHFKDQLF]Q\FK 3URVLP\ SU]HF]\WDü SRQLĪV]H LQVWUXNFMH L SU]HVWU]HJDü LFK SU]\ SRGá
6XBHJ EPUZD[ŕDF JOTUSVLDKJ 8ZDJL GRW\F]ąFH LQVWUXNFML 2 W\P SU]HZRGQLNX ,QQH GRNXPHQW\ NWyUH PRJą E\ü SRWU]HEQH 3U]\MĊWD NRQZHQFMD R]QDF]DQLD 2 W\P SU]HZRGQLNX 7HQ HOHNWURQLF]Q\ SU]HZRGQLN XĪ\WNRZQLND SU]H]QDF]RQ\ MHVW GOD NDĪGHJR NWR MHVW XĪ\WNRZQLNLHP PRQLWRUD NRORURZHJR 3KLOLSV 2SLVDQH Vą WX ZáDĞFLZRĞFL PRQLWRUD SUDZLGáRZD LQVWDODFMD REVáXJD RUD] ZV]HONLH LQQH LQIRUPDFMH NWyUH Vą WDN VDPR GRNáDGQH MDN WH ]DZDUWH Z ZHUVML GUXNRZDQHM =DZDUWH Vą WX QDVWĊSXMąFH UR]G]LDá\ :SURZDG]HQLH ]DZLHUD
6XBHJ EPUZD[ŕDF JOTUSVLDKJ 32:5Ï7 1$ 32&=Ą7(. 67521< 3U]\MĊWD NRQZHQFMD R]QDF]DQLD 3RQLĪHM RSLVDQR SU]\MĊWą Z W\P GRNXPHQFLH NRQZHQFMĊ ]DSLVX 3RUDG\ 8ZDJL 2VWU]HĪHQLD : UDPDFK QLQLHMV]HJR SRGUĊF]QLND DNDSLW\ WHNVWX PRJą E\ü ]DRSDWU]RQH Z LNRQĊ L Z\GUXNRZDQH OLWHUDPL Z\WáXV]F]RQ\PL OXE NXUV\Zą 7DNLH DNDSLW\ WR SRUDG\ XZDJL L RVWU]HĪHQLD VWRVRZDQH Vą RQH Z QDVWĊSXMąF\ VSRVyE 325$'$ 7DND LNRQD ZVND]XMH QD ZDĪQH LQIRUPDFMH L VSRVRE\ SRVWĊSRZDQLD NWyUH PRJą GRSRPyF Z OHSV]\P XĪ\WNRZDQLX ZDV]HJR V
6XBHJ EPUZD[ŕDF JOTUSVLDKJ :V]\VWNLH SUDZD ]DVWU]HĪRQH 5HSURGXNFMD NRSLRZDQLH Z\NRU]\VWDQLH PRG\ILNRZDQLH Z\QDMHP Z\SRĪ\F]DQLH RGWZDU]DQLH SXEOLF]QH WUDQVPLVMD L UR]SRZV]HFKQLDQLH Z FDáRĞFL OXE Z F]ĊĞFL MHVW ]DEURQLRQH EH] X]\VNDQLD SLVHPQHM ]JRG\ 3KLOLSV (OHFWURQLFV 1 9 GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 1 "#065 "#065 )5. PG ".
1 *OGPSNBDKB P QSPEVLDJF ,QIRUPDFMD R SURGXNFLH &KDUDNWHU\VW\ND SURGXNWyZ 3URGXNW EH]RáRZLRZ\ • 'DQH WHFKQLF]QH =DU]ąG]DQLH SRERUHP HQHUJLL $XWRPDW\F]QH RV]F]ĊG]DQLH HQHUJLL 6SHF\ILNDFMD XĪ\WNRZD :\SURZDG]HQLD VW\NyZ :\JOąG SURGXNWyZ &KDUDNWHU\VW\ND SURGXNWyZ 0RGHO 3U]HSLV\ .RORU 3 7&2 6]DU\ 3 7&2 6UHEUQ\ &]DUQ\ 3 7&2 &]DUQ\ 3 FDORZ\ 9,6 NRORURZ\ PRQLWRU 5HDO )ODW FKDUDNWHU\]XMH VLĊ GRVNRQDá\PL SDUDPHWUDPL Z\ĞZLHWODQLD SU]\ VWRVRZDQLX ] N
1 *OGPSNBDKB P QSPEVLDJF 8VXQLĊFLH ] Z\ĞZLHWODF]\ RáRZLX ZVSRPDJD RFKURQĊ ]GURZLD L SURPXMH RG]\VNLZDQLH VXURZFyZ L XVXZDQLH RGSDGyZ SRFKRG]ąF\FK ]H VSU]ĊWX HOHNWU\F]QHJR L HOHNWURQLF]QHJR Z VSRVyE ]JRGQ\ ]H ĞURGRZLVNLHP QDWXUDOQ\P )LUPD 3KLOLSV VSHáQLD VXURZH UHVWU\NFMH '\UHNW\Z\ 5R+6 :VSyOQRW\ (XURSHMVNLHM GRW\F]ąFH QLHEH]SLHF]Q\FK VXEVWDQFML Z VSU]ĊFLH HOHNWU\F]Q\P L HOHNWURQLF]Q\P 8Ī\ZDQLH Z\ĞZLHWODF]D PDUNL 3KLOLSV GDMH SHZQRĞü ĪH XU]ąG]HQLH WR QLH V]NRG]L ĞURGRZLVNX QDWXUDOQHPX 'DQH WHF
1 *OGPSNBDKB P QSPEVLDJF 7(03(5$785$ %,(/, :VSyáU]ĊGQH FKURPDW\F]QRĞFL &,( . [ \ . [ \ . [ \ V5*% V5*% WR VWDQGDUG ]DSHZQLDMąF\ LGHQW\F]QH Z\ĞZLHWODQLH NRORUyZ QD UyĪQ\FK XU]ąG]HQLDFK QS F\IURZ\FK DSDUDWDFK IRWRJUDILF]Q\FK PRQLWRUDFK GUXNDUNDFK VNDQHUDFK LWS 0RQLWRU\ 3KLOLSV REVáXJXMąFH V5*% ZLHUQLH RGZ]RURZXMą REUD]\ SRELHUDQH ] XU]ąG]HĔ NRPSDW\ELOQ\FK ] W\P VWDQGDUGHP SU]\ XĪ\FLX ]XQLILNRZDQHM SU]HVWU]HQL
1 *OGPSNBDKB P QSPEVLDJF ]H VWDQGDUGHP 9(6$ '306 PRQLWRU PRĪH DXWRPDW\F]QLH RJUDQLF]Dü SREyU HQHUJLL NLHG\ QLH MHVW XĪ\ZDQ\ 3R RWU]\PDQLX V\JQDáX ] NODZLDWXU\ P\V]\ OXE LQQHJR XU]ąG]HQLD ZHMĞFLRZHJR PRQLWRU DXWRPDW\F]QLH ZUDFD GR QRUPDOQHJR VWDQX SUDF\ 3RQLĪV]D WDEHOD SU]HGVWDZLD WU\E\ RV]F]ĊG]DQLD HQHUJLL V\JQDá\ Z\V\áDQH SU]H] PRQLWRU RUD] SREyU PRF\ 7U\E\ RV]F]ĊG]DQLD HQHUJLL 7U\E 9(6$ 2EUD] $NW\ZQ\ :áąF]RQ\ 8ĞSLHQLH :\áąF]RQ\ :\áąF]HQLH :\áąF]RQ\ 6\QFKU SR]LRPD 6\QFKU
1 *OGPSNBDKB P QSPEVLDJF 7HPSHUDWXUD SU]HFKRZ\ZDQLD WR & WR ) :LOJRWQRĞü Z]JOĊGQD WR 5R]G]LHOF]RĞü [ UR]PLDU VWDQGDUGRZ\ PDNV NRQWUDVW MDVQRĞü . FDáNRZLFLH ELDá\ REUD] 7H LQIRUPDFMH PRJą XOHF ]PLDQLH EH] XSU]HG]HQLD 32:5Ï7 1$ 32&=Ą7(. 67521< :\SURZDG]HQLD VW\NyZ :W\N ]áąF]RZ\ PĊVNL W\SX ' VXE SU]HZRGX V\JQDáX VWDQGDUG ,%0 6W\N 3U]H]QDF]HQLH QU 6W\N QU 3U]H]QDF]HQLH :HMĞFLH ZLGHR F]HUZRQ\ 9 3& :HMĞFL
1 *OGPSNBDKB P QSPEVLDJF 0DVD V\JQDáX ZLGHR F]HUZRQ\ 6\QFKU 3LRQ 9&/. GOD ''& 0DVD V\JQDáX ZLGHR ]LHORQ\ 7DNWRZDQLH WUDQVPLVML GDQ\FK 6&/ 0DVD V\JQDáX ZLGHR QLHELHVNL 32:5Ï7 1$ 32&=Ą7(. 67521< :\JOąG SURGXNWyZ 3RQLĪV]H RGQRĞQLNL SURZDG]ą GR VWURQ ] LOXVWUDFMDPL SU]HGVWDZLDMąF\PL PRQLWRU L MHJR HOHPHQW\ :LGRN ] SU]RGX :LGRN ] W\áX 32:5Ï7 1$ 32&=Ą7(. 67521< GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 1 130%6$5 130%6$5 )5. PG ".
*OTUBMBDKB .POJUPSB ,QVWDODFMD 0RQLWRUD :LGRN ] SU]RGX :LGRN ] W\áX :LGRN ] SU]RGX :áąF]QLN ]DVLODQLD VáXĪ\ GR ZáąF]DQLD PRQLWRUD 3U]\FLVN 2. VáXĪ\ GR Z\ZRá\ZDQLD PHQX HNUDQRZHJR 26' 3U]\FLVN : *Ï5ĉ VáXĪ\ GR V]\ENLHJR Z\ZRáDQLD UHJXODFML NRQWUDVWX 3R QDFLĞQLĊFLX WHJR SU]\FLVNX ]RVWDQLH Z\ĞZLHWORQH RNQR UHJXODFML NRQWUDVWX GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI JOTUBMM@ JOTUBMM IUN PG ".
*OTUBMBDKB .POJUPSB 3U]\FLVNL : *Ï5ĉ L : 'Ïà VáXĪą GR SRUXV]DQLD VLĊ SR RSFMDFK PHQX HNUDQRZHJR 26' 6NUyW GR UHJXODFML MDVQRĞFL 3R QDFLĞQLĊFLX 35$:(*2 NODZLV]D VWU]DáNL SRMDZLã VLĊ UHJXODWRU\ -$612ĝ&, 3U]\FLVNL : /(:2 L : 35$:2 SRGREQLH MDN SU]\FLVNL : *Ï5ĉ L : 'Ïà VáXĪą GR XVWDZLDQLD RSFML Z PHQX HNUDQRZ\P 26' PRQLWRUD 1DFLVNDMąF MHGQRF]HĞQLH SU]\FLVNL : *Ï5ĉ L 2. X]\VNXMHV] GRVWĊS GR XVWDZLDQLD V\JQDáyZ ZHMĞFLRZ\FK $ L OXE % 32:5Ï7 1$ 32&=Ą7(. 67521< :LGRN ] W\áX GJMF .
*OTUBMBDKB .POJUPSB *QLD]GR ' 6XE 'R WHJR JQLD]GD SRGáąF] ZW\F]NĊ ' 6XE SU]HZRGX ZLGHR ]DáąF]RQHJR GR PRQLWRUD 'UXJL NRQLHF SU]HZRGX SRGáąF] GR JQLD]GD NDUW\ JUDILF]QHM Z NRPSXWHU]H 3& :HMĞFLH ]DVLODQLD 7X SRGáąF] ZW\F]NĊ SU]HZRGX ]DVLODMąFHJR PRQLWRU GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI JOTUBMM@ JOTUBMM IUN PG ".
*OTUBMBDKB .POJUPSB *QLD]GD %1& 'R W\FK JQLD]G SRGáąF] ZW\F]NL %1& SU]HZRGX ZLGHR =DSHZQL WR QDMOHSV]ą PRĪOLZą MDNRĞü REUD]X Z\ĞZLHWODQHJR QD PRQLWRU]H 32:5Ï7 1$ 32&=Ą7(. 67521< GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI JOTUBMM@ JOTUBMM IUN PG ".
0O 4DSFFO %JTQMBZ 0HQX HNUDQRZH 2SLV PHQX HNUDQRZHJR 26' 'U]HZR PHQX 26' 3U]\FLVNL VWHURZDQLD PHQX 26' 2SLV PHQX HNUDQRZHJR 26' &R WR MHVW PHQX HNUDQRZH 26'" -HVW WR IXQNFMD XĪ\WNRZD ZV]\VWNLFK PRQLWRUyZ ILUP\ 3KLOLSV SR]ZDODMąFD XĪ\WNRZQLNRZL QD ]PLDQĊ ZV]\VWNLFK XVWDZLHĔ L GRNRQ\ZDQLH UHJXODFML PRQLWRUD ]D SRPRFą PHQX Z\ĞZLHWODQHJR ZUD] ] LQVWUXNFMDPL EH]SRĞUHGQLR QD HNUDQLH PRQLWRUD ,QWHUIHMV JUDILF]Q\ 26' MHVW SU]\MD]Q\ GOD XĪ\WNRZQLND L ]DSHZQLD SURVWRWĊ REVáXJL PRQLWRUD 3URVWH LQVWUXNFMH
0O 4DSFFO %JTQMBZ 32:5Ï7 1$ 32&=Ą7(. 67521< 'U]HZR PHQX 26' 3RQLĪHM SU]HGVWDZLRQD MHVW VWUXNWXUD ZV]\VWNLFK RSFML PHQX HNUDQRZHJR 26' Z SRVWDFL VFKHPDWX 6FKHPDW WHQ MHVW SU]\GDWQ\ SRGF]DV SRUXV]DQLD VLĊ SR UyĪQ\FK IXQNFMDFK PHQX RUD] SU]\ UHJXODFML UyĪQ\FK XVWDZLHĔ GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% 04%%&4$ )5. PG ".
0O 4DSFFO %JTQMBZ 32:5Ï7 1$ 32&=Ą7(. 67521< GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% 04%%&4$ )5. PG ".
0O 4DSFFO %JTQMBZ GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% 04%%&4$ )5. PG ".
0CTMVHB LMJFOUB J HXBSBODKB 2EVOXJD NOLHQWD L JZDUDQFMD 3526=ĉ :<%5$û 6:Ï- .5$- 5(*,21 $%< =$32=1$û 6,ĉ =( 6=&=(*Ïà$0, '27<&=Ą&<0, =$.5(68 *:$5$1&-, (8523$ =$&+2'1,$ $XVWULD %HOJLD &\SU 'DQLD )UDQFMD 1LHPF\ *UHFMD )LQODQGLD ,UODQGLD :áRFK\ /XNVHPEXUJ +RODQGLD 1RUZHJLD 3RUWXJDOLD 6]ZHFMD 6]ZDMFDULD +LV]SDQLD :ON %U\WDQLD (8523$ :6&+2'1,$ 5HSXEOLND &]HVND :ĊJU\ 3ROVND 5RVMD 7XUFMD 6áRZDFMD 6áRZHQLD $0(5<.$ à$&,ē6.$ $QW\OH $UJHQW\QD %UD]\OLD &KLOH .ROXPELD 0HNV\N 3DU
$[ŢTUP [BEBXBOF QZUBOJB &]ĊVWR ]DGDZDQH S\WDQLD &R R]QDF]D ORJR 'HVLJQHG IRU :LQGRZV " /RJR 'HVLJQHG IRU :LQGRZV R]QDF]D ĪH PRQLWRU PDUNL 3KLOLSV VSHáQLD Z\PDJDQLD L ]DOHFHQLD SRUDGQLND 3& [ RU 6\VWHP 'HVLJQ *XLGH RUD] SU]HV]HGá SR]\W\ZQLH VXURZH WHVW\ :+4/ &R WR MHVW PDJLVWUDOD 86%" 0DJLVWUDOD 86% MHVW F]\PĞ Z URG]DMX LQWHOLJHQWQHM ZW\F]NL GR XU]ąG]HĔ SHU\IHU\MQ\FK NRPSXWHUyZ 3& =DGDQLHP PDJLVWUDOL 86% MHVW DXWRPDW\F]QH UR]SR]QDZDQLH ]D
$[ŢTUP [BEBXBOF QZUBOJB .WyUH PRGHOH Vą NRPSDW\ELOQH ] NRPSXWHUDPL VHULL 0DFLQWRVK" :V]\VWNLH PRQLWRU\ RIHURZDQH SU]H] ILUPĊ 3KLOLSV Vą NRPSDW\ELOQH ] NRPSXWHUDPL VHULL 0DFLQWRVK: QLHNWyU\FK SU]\SDGNDFK SRGáąF]HQLH PRQLWRUD PRĪH MHGQDN Z\PDJDü DGDSWHUD 6]F]HJyáRZH LQIRUPDFMH QD WHQ WHPDW X]\VNDü PRĪQD X GHDOHUD OXE VSU]HGDZF\ VSU]ĊWX ILUP\ 3KLOLSV &R WR MHVW 7&2" 7&2 WR VNUyW Z MĊ]\NX V]ZHG]NLP RNUHĞODMąF\ 6]ZHG]Ną .
$[ŢTUP [BEBXBOF QZUBOJB 2FKURQD ĞURGRZLVND 035,, %UDN Z\PDJDĔ 7&2 %UDN Z\PDJDĔ 7&2 2JyOQH QRUP\ HNRORJLF]QH UHF\FOLQJ ]DVDG\ GRW\F]ąFH RFKURQ\ ĞURGRZLVND RUD] XG]LHODQLD FHUW\ILNDWyZ Z W\P ]DNUHVLH 7&2 2ERVWU]RQH Z\PDJDQLD RNUHĞORQH SU]H] 7&2 7&2 :\PyJ SU]HGVWDZLHQLD XĪ\WNRZQLNRP LQIRUPDFML QD WHPDW SU]HWZDU]DQLD ZWyUQHJR -DN XDNW\ZQLü IXQNFMĊ RV]F]ĊG]DQLD HQHUJLL" .OLNQLM LNRQĊ 0yM NRPSXWHU 3DQHO VWHURZDQLD D QDVWĊSQLH (NUDQ .
$[ŢTUP [BEBXBOF QZUBOJB 'RVWĊSQH XVWDZLHQLD UR]G]LHOF]RĞFL ]DOHĪQH Vą RG PRĪOLZRĞFL NDUW\ JUDILF]QHM RUD] MHM VWHURZQLND : V\VWHPLH :LQGRZV ĪąGDQą UR]G]LHOF]RĞü PRĪQD XVWDZLü Z\ELHUDMąF 3DQHO VWHURZDQLD (NUDQ D QDVWĊSQLH NDUWĊ 8VWDZLHQLD : MDNL VSRVyE PRĪQD UHJXORZDü UR]PLDU SRáRĪHQLH L REUyW REUD]X" =DOHĪQLH RG PRGHOX PRĪQD VNRU]\VWDü ] RSURJUDPRZDQLD &XVWR0D[ IXQNFML Z\ĞZLHWODQLD QD HNUDQLH 26' OXE SU]\FLVNyZ UHJXODFML PRQLWRUD &R URELü MHĞOL
$[ŢTUP [BEBXBOF QZUBOJB 1LH 6]F]HJyáRZH WHVW\ Z\ND]Dá\ ĪH QLH Z\ZLHUD RQR QHJDW\ZQHJR ZSá\ZX QD WUZDáRĞü XU]ąG]HQLD : G]LVLHMV]\FK ]DDZDQVRZDQ\FK PRQLWRUDFK ILUP\ 3KLOLSV VWRVRZDQH Vą XGRVNRQDORQH ZDUVWZ\ IRVIRU\]XMąFH Z FHOX Z\ĞZLHWODQLD MDVNUDZ\FK REUD]yZ 7HFKQRORJLD /LJKW)UDPH70 SRZRGXMH ]Z\NOH SRGĞZLHWOHQLH ]GMĊü L VHNZHQFML ZLGHR 2 LOH PDNV\PDOQD MDVQRĞü SRGĞZLHWORQ\FK REV]DUyZ MHVW ]QDF]QLH SRGZ\ĪV]RQD WR ĞUHGQLD MDVQRĞü F]\QQLN GHF\GXMąF\ R VWDU]HQLX VLĊ NLQHVNRSX ]
$[ŢTUP [BEBXBOF QZUBOJB 3KLOLSV GDMH VZRLP NOLHQWRP VZRERGĊ Z\ERUX RIHUXMąF RSFMRQDOQą SRGVWDZĊ PXOWLPHGLDOQą W\S QU * % 3RGVWDZD PXOWLPHGLDOQD ]DVWĊSXMH VWDQGDUGRZ\ Z\PLHQQ\ VWRMDN PRQLWRUD .WyUH PRGHOH PRQLWRUyZ PRJą E\ü áąF]RQH ] SRGVWDZą PXOWLPHGLDOQą" = SRGVWDZą PXOWLPHGLDOQą PRJą E\ü áąF]RQH QDVWĊSXMąFH PRGHOH % ( ) % ( ) 6 7 -DNLH Vą SDUDPHWU\ WHFKQLF]QH SRGVWDZ\ PXOWLPHGLDOQHM ILUP\ 3KLOLSV" 6]F]HJyáRZH GDQH WHFKQLF]QH
$[ŢTUP [BEBXBOF QZUBOJB .LHG\ QDOHĪ\ SU]HSURZDG]Lü NDOLEUDFMĊ" 3URFHV NDOLEUDFML WUZD PQLHM QLĪ V]HĞü VHNXQG : W\P F]DVLH Z\ĞZLHWODQ\ MHVW VSHFMDOQ\ ]HVWDZ REUD]yZ 3R ]DNRĔF]HQLX WHJR SURFHVX QD HNUDQLH SRMDZLD SRQRZQLH VLĊ REUD] Z\ĞZLHWODQ\ SU]HG NDOLEUDFMą .DOLEUDFMĊ QDOHĪ\ SU]HSURZDG]Dü SR UR]JU]DQLX VLĊ PRQLWRUD $XWRNDOLEUDFMD RGE\ZD VLĊ SR RWU]\PDQLX SU]H] PRQLWRU V\JQDáX ZVND]XMąFHJR QD SU]HáąF]HQLH VLĊ Z QLHGDOHNLHM SU]\V]áRĞFL Z WU\E XĞSLHQLD JRWRZRĞFL .
$[ŢTUP [BEBXBOF QZUBOJB 0RUD SRMDZLD VLĊ Z NLQHVNRSDFK Z VSRVyE QDWXUDOQ\ 2EMDZLD VLĊ Z SRVWDFL IDORZDQHJR Z]RUX VNáDGDMąFHJR VLĊ QD SU]HPLDQ ] MDĞQLHMV]\FK L FLHPQLHMV]\FK SDVNyZ 3RQLĪHM SRGDQR VSRVRE\ HOLPLQDFML OXE ]PLQLPDOL]RZDQLD HIHNWX PRU\ • 1LHNWyUH PRQLWRU\ ]RVWDá\ Z\SRVDĪRQH Z IXQNFMĊ XVXZDQLD PRU\ :áąF]DQLH L UHJXODFMD WHM IXQNFML RGE\ZD VLĊ ] SR]LRPX PHQX 26' • =PLHĔ UR]G]LHOF]RĞü GR ZLHONRĞü ]DOHFDQHM GOD PRQLWRUD R
$[ŢTUP [BEBXBOF QZUBOJB • 3U]\ZUyü GRP\ĞOQH XVWDZLHQLD SURGXFHQWD ]D SRPRFą PHQX 26' • 8VWDZ V]HURNRĞü RUD] Z\VRNRĞü REUD]X Z PHQX 26' • 8VWDZ UR]G]LHOF]RĞü QD ]DOHFDQą .UDZĊGĨ REUD]X QD HNUDQLH Z\GDMH VLĊ ]QLHNV]WDáFRQD : MDNL VSRVyE PRĪQD WR VNRU\JRZDü" : FHOX SRSUDZ\ MDNRĞFL REUD]X QDOHĪ\ Z\NRQDü QDVWĊSXMąFH F]\QQRĞFL • =DNáyFHQLD Z\WZDU]DQH SU]H] SROH PDJQHW\F]QH OXE HOHNWU\F]QH SRZRGXMą ]Z
$[ŢTUP [BEBXBOF QZUBOJB : MDNL VSRVyE PRĪQD X]\VNDü ZLĊNV]ą OLF]EĊ NRORUyZ QD HNUDQLH PRQLWRUD" &]\QQLNLHP RJUDQLF]DMąF\P PDNV\PDOQą PRĪOLZą GR Z\ĞZLHWOHQLD OLF]EĊ NRORUyZ MHVW UR]PLDU SDPLĊFL ZLGHR Z NDUFLH JUDILF]QHM $E\ PDNV\PDOQLH Z\NRU]\VWDü PRĪOLZRĞFL NDUW\ JUDILF]QHM QDOHĪ\ ]DLQVWDORZDü QDMQRZV]\ VWHURZQLN NDUW\ OXE ]ZLĊNV]\ü UR]PLDU MHM SDPLĊFL 6]F]HJyáRZH LQIRUPDFMH QD WHPDW PRĪQD X]\VNDü X SURGXFHQWD NRPSXWHUD OXE NDUW\ JUDILF]QHM 'ODF]HJR Q
$[ŢTUP [BEBXBOF QZUBOJB PRQLWRUyZ 1DOHĪ\ RGF]HNDü VHNXQG SRPLĊG]\ Z\áąF]HQLHP L SRQRZQ\P ZáąF]HQLHP PRQLWRUD 2EUD] SRMDZL VLĊ QD HNUDQLH Z SUDZLGáRZ\ VSRVyE GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI '"2 )5. PG ".
(MPTBSJVT[ (MPTBSJVT[ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A $XWRVFDQ 2SDUWD R WHFKQLNĊ PLNURSURFHVRURZą IXQNFMD PRQLWRUyZ 3KLOLSV %ULOOLDQFH G]LĊNL NWyUHM PRJą RQH DXWRPDW\F]QLH UR]SR]QDZDü F]ĊVWRWOLZRĞFL JHQHURZDQH SU]H] NDUWĊ JUDILF]Qą 0RQLWRU ] IXQNFMą DXWRVFDQ PRĪH ]DWHP SUDFRZDü ] UyĪQ\PL W\SDPL NDUW JUDILF]Q\FK 3RGREQą IXQNFMĊ UHDOL]XMH 0XOWL6\QF NWyU\ MHVW ]DVWU]HĪRQ\P ]QDNLHP ILUP\ 1(& 32:5Ï7 1$ 32&=Ą7(. 67521< % %DODQFHG SLQFXVKLRQ :\UyZQDQLH ]QLHNV]WDáFHQLD SRG
(MPTBSJVT[ 32:5Ï7 1$ 32&=Ą7(. 67521< & &( 0DUN =QDN &( =QDN &( MHVW XPLHV]F]DQ\ QD Z\UREDFK ]JRGQLH ] G\UHNW\ZDPL 8QLL (XURSHMVNLHM GRW\F]ąF\PL NRPSDW\ELOQRĞFL HOHNWURPDJQHW\F]QHM (0& RUD] XU]ąG]HĔ QLVNRQDSLĊFLRZ\FK /9 Z\PDJDĔ GRW\F]ąF\FK SR]LRPX ]DNáyFHĔ HOHNWURPDJQHW\F]Q\FK (0, RUD] RGSRUQRĞFL HOHNWURPDJQHW\F]QHM (06 2ERZLą]NRZ\ GOD Z\UREyZ SU]H]QDF]RQ\FK QD VSU]HGDĪ Z 8QLL (XURSHMVNLHM &RORU WHPSHUDWXUH 7HPSHUDWXUD EDUZRZD 6SRVyE RSLVX NRORUX ĨUyGáD SURPLHQLXMąFHJR Z RGQLHVLHQLX
(MPTBSJVT[ RWRF]HQLD .LQHVNRS\ RGELMDMą PQLHM ĞZLDWáD ] RWRF]HQLD SU]H] FR FKDUDNWHU\]XMą VLĊ ZLĊNV]\P NRQWUDVWHP QLĪ LQQH NLQHVNRS\ &RQYHUJHQFH HUURU %áąG ]ELHĪQRĞFL 1LHZáDĞFLZH XáRĪHQLH Z]DMHPQH ZLą]HN HOHNWURQRZ\FK SRZRGXMąFH ĪH MHGQD OXE ZLĊFHM ZLą]HN SU]HFKRG]L SU]H] QLHZáDĞFLZH RWZRU\ Z PDVFH NLQHVNRSX L XGHU]D Z OXPLQRIRU Z SHZQ\P RGVWĊSLH RG SR]RVWDá\FK %áąG ]ELHĪQRĞFL Z\UDĪDQ\ MHVW Z PLOLPHWUDFK SRGDZDQ\ E\ZD F]ĊVWR GOD WU]HFK RNUHĞORQ\FK SXQNWyZ QD HNUDQLH R]QDF]RQ\FK $ % L & SDWU
(MPTBSJVT[ RGFK\ORQD ]D SRPRFą XNáDGyZ RGFK\ODMąF\FK XGHU]D Z HNUDQ SRNU\W\ OXPLQRIRUHP .LQHVNRS\ GR PRQLWRUyZ Vą V]F]HJyOQ\PL URG]DMDPL ODPS REUD]RZ\FK 32:5Ï7 1$ 32&=Ą7(. 67521< ' ''& 'LVSOD\ 'DWD &KDQQHO ''& MHVW WR NDQDá NRPXQLNDF\MQ\ GOD XU]ąG]HĔ Z\ĞZLHWODMąF\FK L NRPSXWHUyZ )XQNFMD ''& SR]ZDOD QD DXWRPDW\F]Qą NRQILJXUDFMĊ VWHURZQLND PRQLWRUD WDN DE\ RSW\PDOQLH Z\NRU]\VWDü MHJR PRĪOLZRĞFL EH] UĊF]QHM UHJXODFML SU]H] XĪ\WNRZQLND ''& MHVW UHDOL]RZDQ\ MDNR F]ĊĞü QRZHJR SRGHMĞFLD 3OXJ
(MPTBSJVT[ 3DWU] ''& ''& %L 3DWU] ''& 'HJDXVVLQJ 3URFHGXUD UR]PDJQHVRZ\ZDQLD PDVNL PRQLWRUD L ]ZLą]DQ\FK ] QLą PHWDORZ\FK F]HĞFL NLQHVNRSX ZáąF]DQD ]D SRPRFą VSHFMDOQHJR SU]\FLVNX Z FHOX ]PQLHMV]HQLD ]QLHNV]WDáFHĔ REUD]X =D]Z\F]DM RVLąJD VLĊ WR ]D SRPRFą VSHFMDOQHM FHZNL UR]PDJQHVRZ\ZXMąFHM SU]H] NWyUą Sá\QLH ]DQLNDMąF\ SUąG ]PLHQQ\ JHQHUXMąF\ ]PLHQQH SROH PDJQHW\F]QH NWyUH ]DQLNDMąF UR]PDJQHVRZXMH NLQHVNRS 1LHNWyUH PRQLWRU\ SRVLDGDMą IXQNFMĊ UĊF]QHJR UR]PDJQHVRZ\ZDQLD NWyUD PRĪH E\ü X
(MPTBSJVT[ 'RW UDWH &]ĊVWRWOLZRĞü SODPNL &]ĊVWRWOLZRĞü Z 0+] ]HJDUD SODPNL -HVW RQD PLDUą V]\ENRĞFL SU]HV\áDQLD GDQ\FK PLĊG]\ NDUWą JUDILF]Qą L GDOV]\PL REZRGDPL SU]HWZDU]DQLD 3DUDPHWU WHQ QD]\ZDQ\ MHVW UyZQLHĪ F]ĊVWRWOLZRĞFLą Z\ĞZLHWODQLD ZLGHR 32:5Ï7 1$ 32&=Ą7(. 67521< ( (OHFWURPDJQHWLF UDGLDWLRQ VWDQGDUGV 6WDGDUG\ SURPLHQLRZDQLD HOHNWURPDJQHW\F]QHJR 0LĊG]\QDURGRZH VWDQGDUG\ RJUDQLF]DMąFH HPLVMĊ IDO HOHNWURPDJQHW\F]Q\FK SU]H] PRQLWRU\ 2EHFQLH LVWQLHMą GZD ZDĪQH VWDQGDUG\ RSUDFRZDQH QD SRGV
(MPTBSJVT[ 1RUPD ]DSURSRQRZDQD SLHUZRWQLH SU]H] 6ZHGLVK 1DWLRQDO %RDUG RI 0HDVXUHPHQW DQG 7HVWLQJ 8VWDOD RQD PDNV\PDOQH SR]LRP\ SURPLHQLRZDQLD HOHNWURPDJQHW\F]QHJR HPLWRZDQHJR SU]H] PRQLWRU\ L ]RVWDáD REHFQLH SU]\MĊWD MDNR VWDQGDUG ĞZLDWRZ\ 035 ,, RNUHĞOD PDNV\PDOQH GR]ZRORQH SR]LRP\ SyO HOHNWURVWDW\F]Q\FK PDJQHW\F]Q\FK L HOHNWU\F]Q\FK PLHU]RQH Z RGOHJáRĞFL FP RG ĞURGND PRQLWRUD SDWU] WDEHOD 7&2 : URNX 6ZHGLVK 7MlQVWHPDQQHQV &HQWUDO 2UJDQL]DWLRQ 7&2 7&2 6]ZHG]Ną .
(MPTBSJVT[ 32:5Ï7 1$ 32&=Ą7(. 67521< + +HUW] +HUF -HGQRVWND F]ĊVWRWOLZRĞFL QD]ZDQD QD F]HĞü IL]\ND +HLQULFKD +HUW]D KHUW] +] RGSRZLDGD MHGQHPX F\NORZL VHNXQGĊ +RUL]RQWDO GRW SLWFK 3ODPND SR]LRPD 3DWU] 'RW SLWFK +RUL]RQWDO VFDQQLQJ IUHTXHQF\ &]ĊVWRWOLZRĞü SR]LRPD SU]HELHJX &]ĊVWRWOLZRĞü WD QD]\ZDQD MHVW UyZQLHĪ F]ĊVWRWOLZRĞFLą OLQLRZą L Z\UDĪDQD MHVW Z N+] MHVW WR OLF]ED OLQLL REUD]X Z\ĞZLHWODQD QD HNUDQLH Z NDĪGHM VHNXQG]LH RG OHZHM GR SUDZHM ,P ZLĊNV]D MHVW
(MPTBSJVT[ SRELHUDMą LQIRUPDFMH ]H ]ELRUX ,1) Z\NRU]\VWXMąF MH SRWHP SU]\ RSHUDFMDFK LQVWDODF\MQ\FK 3U]\NáDGRZH LQIRUPDFMH ]DSLV\ZDQH Z ]ELRUDFK ,1) ]DZLHUDMą ]PLDQ\ LQLFMDOL]DF\MQH ,1, RUD] UHMHVWUDF\MQH QD]Z\ ]ELRUyZ RUD] ORNDOL]DFMH ]ELRUyZ ĨUyGáRZ\FK QD QRĞQLNDFK ,QWHUODFHG QRQ LQWHUODFHG = SU]HSORWHP %H] SU]HSORWX = SU]HSORWHP 0HWRGD Z\ĞZLHWODQLD REUD]X QD HNUDQLH SROHJDMąFD QD SU]HMĞFLX VWUXPLHQLD HOHNWURQyZ QDMSLHUZ SR ZV]\VWNLFK OLQLDFK SDU]\VW\FK D QDVWĊSQLH ZV]\VWNLFK QLHSDU]\VW\
(MPTBSJVT[ /LQHDULW\ /LQLRZRĞü -HVW WR PLDUD WHJR Z MDNLP VWRSQLX U]HF]\ZLVWD ORNDOL]DFMD GDQHJR SLNVHOD REUD]X RGSRZLDGD MHJR ORNDOL]DFML ]DPLHU]RQHM SDWU] U\VXQHN /LQH IUHTXHQF\ &]ĊVWRWOLZRĞü OLQLRZD 3DWU] +RUL]RQWDO VFDQQLQJ IUHTXHQF\ /RZ HPLVVLRQ PRQLWRU 0RQLWRU R QLVNLHM HPLVML 0RQLWRU MHVW ]JRGQ\ ] PLĊG]\QDURGRZ\PL VWDQGDUGDPL SURPLHQLRZDQLD 3DWU] (OHFWURPDJQHWLF UDGLDWLRQ VWDQGDUGV /RZ IUHTXHQF\ HOHFWULF DQG PDJQHWLF ILHOGV 3ROD HOHNWURPDJQHW\F]QH QLVNLFK F]ĊVWRWOLZRĞFL 3RO
(MPTBSJVT[ 0 0RLUp HIIHFW 0RUD 6PXJL QD HNUDQLH SRZVWDMąFH QD VNXWHN LQWHUIHUHQFML GZyFK QDNáDGDMąF\FK VLĊ VWUXNWXU OLQLRZ\FK : PRQLWRU]H SRZVWDMH RQ ] LQWHUIHUHQFML SRPLĊG]\ VWUXNWXUą PDVNL RUD] LQIRUPDFMą ZL]\MQą PRUD ZL]ML D WDNĪH PLHG]\ VWUXNWXUą PDVNL D OLQLRZą VWUXNWXUą UDVWUX PRUD RGFK\ODQLD 3U]HMDZLD VLĊ Z SRVWDFL IDOLVW\FK Z]RUyZ QD HNUDQLH L ]DF]\QD E\ü EDUG]LHM ZLGRF]Q\ Z PLDUĊ Z]URVWX UR]G]LHOF]RĞFL PRQLWRUD =H Z]JOĊGX QD WR ĪH V\JQDá ZL]\MQ\ FLąJOH VLĊ ]PLHQLD QLHZLHOH GD VL
(MPTBSJVT[ 2 26' 2Q 6FUHHQ 'LVSOD\ :\ĞZLHWODQLH LQIRUPDFML QD HNUDQLH )XQNFMD WD SR]ZDOD XĪ\WNRZQLNRZL QD XVWDZLDQLH ZáDĞFLZRĞFL REUD]X L SDUDPHWUyZ PRQLWRUD EH]SRĞUHGQLR ]D SRPRFą RNLHQND ] LQVWUXNFMDPL SRND]\ZDQHJR QD HNUDQLH 3DWU] UyZQLHĪ &XVWR0D[ 2YHUVFDQ :\NRU]\VWDQLH FDáHM SRZLHU]FKQL HNUDQX GR Z\ĞZLHWODQLD REUD]yZ 3UDNW\ND Z NWyUHM SU]HELHJ REV]DUyZ EH] XĪ\WHF]QHM LQIRUPDFML REUD]X Z\NRQ\ZDQ\ MHVW SR]D ZLGRF]Q\P REV]DUHP HNUDQX FR ]DSHZQLD PDNV\PDOQH Z\NRU]\VWDQLH HNUDQX GR Z\ĞZ
(MPTBSJVT[ 3LQ FXVKLRQ 'LVWRUWLRQ =QLHNV]WDáFHQLH SRGXV]NRZDWH 3DWU] *HRPHWULF GLVWRUWLRQ 3L[HO 3LNVHO 6NUyW RG SLFWXUH HOHPHQW HOHPHQW REUD]X QDMPQLHMV]\ HOHPHQW REUD]X MDNL PRĪH E\ü Z\ĞZLHWODQ\ QD HNUDQLH ,P PQLHMV]D MHVW MHJR ZLHONRĞü W\P OHSV]D MHVW UR]G]LHOF]RĞü PRQLWRUD 5R]PLDU SLNVHOD RNUHĞORQ\ MHVW ZLHONRĞFLą SODPNL HOHNWURQX QD HNUDQLH D QLHNRQLHF]QLH ZLHONRĞFLą SODPNL OXPLQRIRUX ZLHONRĞFLą WULDG\ = WHJR WHĪ SRZRGX PRQLWRU ] GXĪą SODPNą HOHNWURQX SRNU\ZDMąFą NLOND WULDG PRĪH
(MPTBSJVT[ 5HIUHVK UDWH &]ĊVWRWOLZRĞü RGĞZLHU]DQLD 3DWU] 9HUWLFDO VFDQQLQJ IUHTXHQF\ 5HVROXWLRQ 5R]G]LHOF]RĞü /LF]ED SLNVHOL MDND PRĪH ]RVWDü Z\ĞZLHWODQD QD HNUDQLH 5R]G]LHOF]RĞü RNUHĞOD VLĊ MDNR LORF]\Q OLF]E\ SLNVHOL SU]H] OLF]EĊ OLQLL SR]LRPHM 3DWU] UyZQLHĪ YLGHR JUDSKLF DGDSWHU 5RWDWLRQ IXQFWLRQ )XQNFMD REURWX )XQNFMD SR]ZDODMąFD XĪ\WNRZQLNRP UHJXORZDü REUDFDMąF XVWDZLHQLH Z SR]LRPLH :\ĞZLHWODQ\ REUD] XOHJQLH SU]HFK\OHQLX SRG ZSá\ZHP SROD PDJQHW\F]QHJR =LHPL MHĞOL HNUDQ PRQLWRUD ]RVWD
(MPTBSJVT[ 3RZáRNL DQW\VWDW\F]QH : Z\QLNX ERPEDUGRZDQLD ZLą]NDPL HOHNWURQRZ\PL HNUDQ PRQLWRUD áDGXMH VLĊ HOHNWU\F]QLH Z F]DVLH SUDF\ 1DáDGRZDQH HOHNWU\F]QLH SRZLHU]FKQLH PRJą SU]\FLąJDü F]ąVWHF]NL NXU]X 3RNU\FLH SU]HFLZVWDW\F]QH MHVW WR SRNU\FLH SU]HZRG]ąFH QDáRĪRQH QD HNUDQ OXE Sá\WĊ V]NODQą XPLHV]F]RQą EH]SRĞUHGQLR SU]HG HNUDQHP NWyUH RGSURZDG]D áDGXQHN L ]DSRELHJD JURPDG]HQLX VLĊ NXU]X QD HNUDQLH 3RZáRND DQW\RGEODVNRZDH DQW\VWDW\F]QH $*$6 $QWL *ODUH $QWL 6WDWLF $*$6 MHVW WR ZDUVWZD NU]H
(MPTBSJVT[ 3RNU\FLH $5$6 RGELMD W\ONR RNRáR SDGDMąFHJR ĞZLDWáD 3RZáRND DQW\RGEODVNRZD DQW\UHIOHNV\MQD DQW\VWDW\F]QD $*5$6 $QWL *ODUH DQWL 5HIOHFWLRQ $QWL 6WDWLF 0LHV]DQD SRZáRND DQW\RGEODVNRZD DQW\UHIOHNV\MQD DQW\VWDW\F]QD 6HOI WHVW IXQFWLRQ )XQNFMD DXWR WHVWX 0RQLWRU Z\SRVDĪRQ\ Z VSU]ĊW OXE RSURJUDPRZDQLH DXWRPDW\F]QLH Z\NU\ZDMąFH VWDQ SRáąF]HQLD NDEORZHJR 6KDSH .V]WDáW 2GFK\OHQLH Z\ĞZLHWODQHJR REUD]X RG MHJR ]DPLHU]RQHJR NV]WDáWX 1DMF]ĊĞFLHM Z\VWĊSXMąFH ]QLHNV]WDáFHQLD SU]HG
(MPTBSJVT[ 62* 6\QFKURQL]DWLRQ 2Q *UHHQ 6\QFKURQL]DFMD QD ]LHORQ\P 3UDZLGáRZR G]LDáDMąF\ PRQLWRU NRORURZ\ SRWU]HEXMH SLĊFLX URG]DMyZ V\JQDáX LPSXOV\ V\QFKURQL]DFML SLRQRZHM LPSXOV\ V\QFKURQL]DFML SR]LRPHM V\JQDá NRORUX F]HUZRQHJR V\JQDá NRORUX ]LHORQHJR RUD] V\JQDá NRORUX QLHELHVNLHJR 6\JQDá\ ] 3& Vą SU]HND]\ZDQH GR PRQLWRUD ]D SRPRFą MHGQHM ] WU]HFK PHWRG 6\QFKURQL]DFMD Z\G]LHORQD V\JQDá\ V\QFKURQL]DFML SR]LRPHM L SLRQRZHM SU]HV\áDQH Vą RVREQR 6\QFKURQL]DFMD ]HVSRORQD ,PSXOV\ V\QFK
(MPTBSJVT[ 7&2 3DWU] QRUP\ SURPLHQLRZDQLD HOHNWURPDJQHW\F]QHJR 7LOW IXQFWLRQ )XQNFMD SU]HFK\áX 3DWU] URWDWLRQ IXQFWLRQ 7UDSH]RLG GLVWRUWLRQ =QLHNV]WDáFHQLH WUDSH]RZH 3DWU] *HRPHWULFDO GLVWRUWLRQ 77/ VLJQDO 6\JQDá 77/ 6\JQDá 77/ 7UDQVLVWRU WUDQVLVWRU ORJLF MHVW WR RNUHĞOHQLH SR]LRPX V\JQDáX F\IURZHJR GR VWHURZDQLD NRORUyZ QD HNUDQLH 3U]\ VWHURZDQLX 77/ V\JQDá\ NRORUX F]HUZRQHJR ]LHORQHJR L QLHELHVNLHJR PRJą E\ü W\ONR ZáąF]RQH OXE Z\áąF]RQH OXE WHĪ PRJą E\ü X]XSHáQLRQH SU]H] V\JQDá M
(MPTBSJVT[ ZVSyáSUDF\ ] MHGQą GUXNDUNą GZRPD SRUWDPL &20 REVáXJXMąF\PL ]Z\NOH P\V]NĊ L PRGHP MHGQHJR SRUWX L(QKDQFHG 3DUDOOHO 3RUW VNDQHU OXE QD SU]\NáDG NDPHUD YLGHR RUD] MR\VWLFND 2EHFQLH SRMDZLD VLĊ FRUD] ZLĊFHM XU]ąG]HĔ SHU\IHU\MQ\FK GR NRPSXWHUyZ PXOWLPHGLDOQ\FK ']LĊNL 86% ] NRPSXWHUHP PRĪH SUDFRZDü MHGQRF]HĞQLH GR XU]ąG]HĔ ● 86% SR]ZDOD QD SU]\áąF]DQLH QD JRUąFR QLH WU]HED Z\áąF]Dü NRPSXWHUD Z FHOX GRGDQLD XU]ąG]HQLD SHU\IHU\MQHJR 1LH PD WHĪ SRWU]HE\ RGLQVWDORZ\ZDQLD SU]
(MPTBSJVT[ MHGQRVWNL SU]\áąF]RQHM GR 86% QD SU]\NáDG )$;PRGHPX 8U]ąG]HQLD PRJą E\ü IL]\F]QH HOHNWU\F]QH DGUHVRZDOQH L ORJLF]QH 'RZQVWUHDP -HVW WR NLHUXQHN SU]HSá\ZX GDQ\FK RG NRPSXWHUD PDFLHU]\VWHJR OXE Z NLHUXQNX RG NRPSXWHUD PDFLHU]\VWHJR 3RUW GRZQVWUHDP MHVW WR SRUW QD NRQFHQWUDWRU]H NWyU\ MHVW HOHNWU\F]QLH QDMGDOHM RG NRPSXWHUD PDFLHU]\VWHJR L NWyU\ JHQHUXMH VWUXPLHĔ GDQ\FK Z NLHUXQNX RG NRQFHQWUDWRUD 3RUW\ GRZQVWUHDP RGELHUDMą VWUXPLHĔ GDQ\FK XSVWUHDP 8SVWUHDP -HVW WR N
(MPTBSJVT[ 9 9HUWLFDO GRW SLWFK 3ODPND SLRQRZD 3DWU] 'RW SLWFK 9HUWLFDO VFDQQLQJ IUHTXHQF\ &]ĊVWRWOLZRĞü SLRQRZD SU]HELHJX :\UDĪRQD Z +] OLF]ED SyO Z\ĞZLHWODQ\FK QD HNUDQLH Z FLąJX NDĪGHM VHNXQG\ Z WU\ELH ] SU]HSORWHP : WU\ELH EH] SU]HSORWX F]ĊVWRWOLZRĞü SLRQRZD SU]HELHJX MHVW OLF]Eą REUD]yZ SHáQ\FK REUD]yZ Z\ĞZLHWODQ\FK QD HNUDQLH Z NDĪGHM VHNXQG]LH UyZQLHĪ QD]\ZDQD MHVW F]ĊVWRWOLZRĞFLą RGĞZLHĪDQLD 9HUWLFDO V\QF SXOVHV ,PSXOV\ V\QFKURQL]DFML SLRQRZHM &LąJ LPSXOVyZ SURVWRNąWQ\FK NWyU\ RN
(MPTBSJVT[ ZLHORPD VWDQGDUGDPL RNHUĞODMąF\PL IRUPĊ L MDNRĞü Z\ĞZLHWODQHJR REUD]X 9*$ 9LGHR *UDSKLFV $UUD\ ZSURZDG]RQD QD U\QHN Z URNX E\áD SLHUZV]ą DQDORJRZą NDUWą JUDILNL 2IHURZDáD RQD UR]G]LHOF]RĞü ZLĊNV]ą QLĪ (*$ ; SLNVHOL GOD JUDILNL L [ SLNVHOL GOD WU\EX JUDILF]QHJR RUD] SDOHWĊ NRORUyZ .DUWD 9*$ PRJáD UyZQLHĪ HPXORZDü NDUW\ (*$ L &*$ 6XSHU 9*$ RSUDFRZDQD SU]H] 9(6$ Z URNX ]DSHZQLD UR]G]LHOF]RĞü [ SLNVHOL ([WHQGHG 9*$ SU]HGVWDZLRQD SU]H] 9(6$ Z
ĽDJBHBOJF J ESVLPXBOJF ĝFLDJDQLH L GUXNRZDQLH 1LQLHMV]D VWURQD ]DZLHUD 3RGUĊF]QLN XĪ\WNRZQLND Z IRUPDFLH SGI 3OLNL 3') PRJą E\ü SREUDQH L ]DSLVDQH QD G\VN WZDUG\ SR F]\P SU]HJOąGDQH L GUXNRZDQH Z SURJUDPLH $FUREDW 5HDGHU OXE ]D SRĞUHGQLFWZHP SU]HJOąGDUNL -HĪHOL QLH PDV] ]DLQVWDORZDQHJR SURJUDPX $GREH $FUREDW 5HDGHU NOLNQLM QD áąF]H SRQLĪHM Z FHOX GRNRQDQLD LQVWDODFML $GREH UHJ $FUREDW 5HDGHU GOD 3& $GREH UHJ $FUREDW 5HDGHU GOD 0DF D ,QVWUXNFMD GRW\F]ąFH SRELHUDQLD SOLNyZ : FHOX SREUDQ
ĽDJBHBOJF J ESVLPXBOJF GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI %08/-0"% %08/-0"% )5. PG ".
6TVXBOJF OJFTQSBXOPžDJ 8VXZDQLH QLHVSUDZQRĞFL ĝURGNL RVWURĪQRĞFL L NRQVHUZDFMD &]ĊVWH SUREOHP\ • ,QIRUPDFMH R VSHáQLDQ\FK QRUPDFK • ,QQH LQIRUPDFMH &]ĊVWH SUREOHP\ 0DV] SUREOHP" &RĞ QLH G]LDáD" =DQLP ]DG]ZRQLV] SR SRPRF VNRU]\VWDM ] W\FK UDG 0DV] WDNL SUREOHP" 6SUDZGĨ WH HOHPHQW\ 8SHZQLM VLĊ F]\ NDEHO ]DVLODMąF\ MHVW ZáRĪRQ\ GR JQLD]GD VLHFLRZHJR L ] W\áX PRQLWRUD ● 3U]\FLVN ]DVLODQLD ] SU]RGX PRQLWRUD SRZLQLHQ ]QDMGRZDü VLĊ Z SR]\FML 21 ZáąF]RQ\ ● 2GáąF]\ü PRQLWRU RG JQLD]GD
6TVXBOJF OJFTQSBXOPžDJ 8SHZQLü VLĊ F]\ NDEHO RG PRQLWRUD MHVW SUDZLGáRZR ZáąF]RQ\ GR NRPSXWHUD 3DWU] UyZQLHĪ ć,QVWUXNFMD 6]\ENLHJR 8UXFKRPLHQLD ● 6SUDZG]Lü F]\ NDEHO PRQLWRUD QLH PD SRJLĊW\FK NRĔFyZHN ZH ZW\NX ● 8SHZQLM VLĊ F]\ NRPSXWHU MHVW ZáąF]RQ\ ● 3R ZáąF]HQLX PRQLWRUD QLH SRMDZLD VLĊ REUD] %UDN NRORUX OXE SU]HUZ\ Z NRORU]H -HĞOL XĪ\ZDV] NDUW\ JUDILF]QHM QLH]JRGQHM ] QRUPą 9(6$ ''& Z\áąF] IXQNFMĊ ''& % ● (NUDQ PRĪH Z\PDJDü UR]PDJQHVRZDQLD ●
6TVXBOJF OJFTQSBXOPžDJ 2EUD] QLHVWDELOQ\ =ZLĊNV]\ü F]ĊVWRWOLZRĞü RGĞZLHĪDQLD ● : VSUDZLH GDOV]HM SRPRF\ SURVLP\ VNRU]\VWDü ] Z\ND]X &RQVXPHU ,QIRUPDWLRQ &HQWHUV OXE WHĪ VNRQWDNWRZDü VLĊ ] PLHMVFRZ\P G\VWU\EXWRUHP 3KLOLSVD 32:5Ï7 1$ 32&=Ą7(. 67521< GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 1 4"'&5: 4"'@5306# )5. PG ".
*OOF JOGPSNBDKF ,QQH LQIRUPDFMH ĝURGNL RVWURĪQRĞFL L NRQVHUZDFMD 8VXZDQLH QLHVSUDZQRĞFL ,QIRUPDFMH R VSHáQLDQ\FK QRUPDFK ,QQH LQIRUPDFMH ,QIRUPDFMD GOD XĪ\WNRZQLNyZ Z 86$ ,QIRUPDFMD GOD XĪ\WNRZQLNyZ SR]D 86$ ,QIRUPDFMD GOD XĪ\WNRZQLNyZ Z 86$ 'OD XU]ąG]HĔ XVWDZLRQ\FK QD 9 6WRVRZDü NDEHO VLHFLRZ\ ] DWHVWHP 8/ ]DZLHUDMąF\ Ī\á\ R ĞUHGQLF\ PLQLPXP $:* 7\SX 697 OXE 6-7 WUyMSU]HZRGRZ\ R PDNV\PDOQHM GáXJRĞFL t L ZW\N ] ]HURZDQLHP ] UyZQROHJá\PL SáDVNLPL VW\NDPL QD SDUDPHWU\ ]QDPLRQ
0QDKF NFOV FLSBOPXFHP 04% 2SFMH PHQX HNUDQRZHJR 26' 2SLV PHQX 26' 'U]HZR PHQX 26' 2SFMH PHQX 26' -DVQRĞü NODZLV] VNUyWX .RQWUDVW NODZLV] VNUyWX -Ċ]\N :\EyU V\JQDáX ZHMĞFLRZHJR 3RZLĊNV]HQLH 5HJXODFMD Z SR]LRPLH 5HJXODFMD Z SLRQLH .RUHNWD NV]WDáWX .RUHNWD NRORUX 3U]\ZUyFHQLH XVWDZLHĔ IDEU\F]Q\FK 8VWDZLHQLD GRGDWNRZH =DPNQLM RNQR RSFML JáyZQ\FK -$612ĝû $E\ VNRU\JRZDü MDVQRĞü SRVWĊSXM ]JRGQLH ] SRQLĪV]\PL LQVWUXNFMDPL -DVQRĞü R]QDF]D FDáNRZLWH QDWĊĪHQLH ĞZLDWáD HPLWRZDQHJR
0QDKF NFOV FLSBOPXFHP 04% .2175$67 $E\ XVWDZLü NRQWUDVW Z\NRQDM F]\QQRĞFL RSLVDQH SRQLĪHM .RQWUDVW R]QDF]D UyĪQLFĊ PLĊG]\ MDVQ\PL D FLHPQ\PL REV]DUDPL HNUDQX =DOHFD VLĊ XVWDZLHQLH NRQWUDVWX QD SR]LRPLH 1DFLĞQLM SU]\FLVN OXE QD PRQLWRU]H 3RMDZL VLĊ RNQR .2175$67 1DFLĞQLM SU]\FLVN OXE DE\ XVWDZLü NRQWUDVW 3R XVWDZLHQLX NRQWUDVWX SU]HVWDĔ QDFLVNDü SU]\FLVN OXE 3R WU]HFK VHNXQGDFK RNQR .
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SRQRZQLH SU]\FLVN 3RMDZL VLĊ RNQR -ĉ=<. 1DFLVNDM SU]\FLVN OXE GR PRPHQWX SRGĞZLHWOHQLD SRĪãGDQHJR MĊ]\ND 1DFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü Z\EyU L SRZUyFLü GR RNQD 23&-( *àÏ:1( =RVWDQLH SRGĞZLHWORQH SROHFHQLH =$0.1,- 2.12 23&-, *àÏ:1<&+ GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ".
0QDKF NFOV FLSBOPXFHP 04% 1P QPXSPDJF EP 01$+* (»8/:$) BCZ QS[FKžŗ EP PQDKJ 8:#»3 4:(/"6 8&+Ľ$*08&(0 OBDJTLBK QS[ZDJTL EP DIXJMJ ,QWHOLJHQWQD QPEžXJFUMFOJB PQDKJ 8:#»3 4:(/"6 8&+Ľ$*08&(0 /BTUŢQOJF XZLPOBK D[ZOOPžDJ X 3RPRF QVOLDJF 8:#»3 4:(/"6 8&+Ľ$*08&(0 BCZ DBLPXJDJF PQVžDJŗ NFOV 04% OBDJžOJK QS[ZDJTL 32:5Ï7 1$ 32&=ď7(. 67521< :<%Ï5 6<*1$à8 :(-ĝ&,2:(*2 RSFMD QLH MHVW GRVWĊSQD ZH ZV]\VWNLFK PRGHODFK :<%Ï5 6<*1$à8 :(-ĝ&,2:(*2 RNUHĞOD FR MHVW Z\ĞZLHWODQH Q
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN OXE DE\ SRGĞZLHWOLü RSFMĊ :(-ĝ&,( % OXE :(-ĝ&,( $ 1DFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü Z\EyU L SRZUyFLü GR RNQD 23&-( *àÏ:1( =RVWDQLH SRGĞZLHWORQH SROHFHQLH =$0.1,- 2.
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR 32:,ĉ.6=(1,( 1DFLĞQLM SU]\FLVN OXE 1DFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü Z\EyU L SRZUyFLü GR RNQD 23&-( *àÏ:1( =RVWDQLH DE\ XVWDZLü 32:,ĉ.6=(1,( SRGĞZLHWORQH SROHFHQLH =$0.1,- 2.12 23&-, *àÏ:1<&+ 1P QPXSPDJF EP 01$+* (»8/:$) BCZ QS[FKžŗ EP PQDKJ 3&(6-"$+" 8 10;*0.*& OBDJTLBK QS[ZDJTL EP DIXJMJ ,QWHOLJHQWQD QPEžXJFUMFOJB PQDKJ 3&(6-"$+" 8 10;*0.
0QDKF NFOV FLSBOPXFHP 04% 32:5Ï7 1$ 32&=ď7(. 67521< 5(*8/$&-$ : 32=,20,( 3ROHFHQLH .25(.7$ 32=<&-, Z RSFML 5(*8/$&-$ : 32=,20,( VáXĪ\ GR SU]HVXZDQLD REUD]X Z OHZR OXE Z SUDZR 8Ī\M WHM IXQNFML MHĞOL REUD] QD HNUDQLH QLH MHVW Z\ĞURGNRZDQ\ .25(.7$ 52=0,$58 Z RSFML 5(*8/$&-$ : 32=,20,( VNXSLD REUD] Z ĞURGNX OXE UR]FLãJD JR Z SUDZR OXE Z OHZR 1DFLĞQLM SU]\FLVN 1DFLVNDM SU]\FLVN 1DFLĞQLM SU]\FLVN QD PRQLWRU]H 3RMDZL VLĊ RNQR 23&-( *àÏ:1( GR FKZLOL SRGĞZLHWOHQLD RSFML 5(*8/$&-$ : 32=,20,(
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN OXE DE\ SU]HVXQãü REUD] Z OHZR OXE SUDZR 3R NRUHNFLH SR]\FML QDFLĞQLM SU]\FLVN SU]\FLVN DE\ SRZUyFLü GR RNQD 23&-( *àÏ:1( OXE QDFLĞQLM DE\ SRGĞZLHWOLü RSFMĊ .25(.7$ 52=0,$58 $E\ XVWDZLü UR]PLDU Z SR]LRPLH QDFLĞQLM SU]\FLVN 3R NRUHNFLH QDFLĞQLM SU]\FLVN OXE DE\ SRZUyFLü GR RNQD 23&-( *àÏ:1( =RVWDQLH SRGĞZLHWORQH SROHFHQLH =$0.1,- 2.
0QDKF NFOV FLSBOPXFHP 04% BCZ DBLPXJDJF PQVžDJŗ NFOV 04% OBDJžOJK QS[ZDJTL . 32:5Ï7 1$ 32&=ď7(. 67521< 5(*8/$&-$ : 3,21,( 3ROHFHQLH .25(.7$ 32=<&-, Z RSFML 5(*8/$&-$ : 3,21,( VáXĪ\ GR SU]HVXZDQLD REUD]X Z JyUĊ OXE Z Gyá 8Ī\M WHM IXQNFML MHĞOL REUD] QD HNUDQLH QLH MHVW Z\ĞURGNRZDQ\ 3ROHFHQLH .25(.7$ 52=0,$58 Z RSFML 5(*8/$&-$ : 3,21,( VáXĪ\ GR ]PLDQ\ UR]PLDUX REUD]X QD HNUDQLH VNXSLHQLH QD ĞURGNX HNUDQX OXE UR]FLãJQLĊFLH Z JyUĊ Gyá 1DFLĞQLM SU]\FLVN 1DFLVNDM SU]\FLVN 1DFLĞ
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN OXE DE\ SU]HVXQãü REUD] Z JyUĊ OXE Z Gyá 3R XVWDZLHQLX SR]\FML QDFLĞQLM SU]\FLVN QDFLĞQLM SU]\FLVN DE\ SRZUyFLü GR RNQD 23&-( *àÏ:1( OXE SRGĞZLHWOLü RSFMĊ .25(.7$ 52=0,$58 $E\ XVWDZLü UR]PLDU Z SLRQLH QDFLĞQLM SU]\FLVN 3R XVWDZLHQLX UR]PLDUX QDFLĞQLM SU]\FLVN OXE DE\ SRZUyFLü GR RNQD 23&-( *àÏ:1( =RVWDQLH SRGĞZLHWORQH SROHFHQLH =$0.1,- 2.
0QDKF NFOV FLSBOPXFHP 04% BCZ DBLPXJDJF PQVžDJŗ NFOV 04% OBDJžOJK QS[ZDJTL . 32:5Ï7 1$ 32&=ď7(. 67521< .25(.7$ .6=7$à78 .25(.7$ .5=<:,=1< %2&=1(.25(.7$ .5=<:,=1< %2&=1(- Z RSFML .25(.7$ .6=7$à78 SR]ZDOD XVWDZLü GZLH ] SLĊFLX SUHGHILQLRZDQ\FK RSFML 8VWDZLHQLD WH WR ()(.7 32'86=., =5Ï:12:$ĩ21< ()(.7 32'86=., 8ZDJD 8Ī\ZDM WHM IXQNFML W\ONR ZWHG\ JG\ REUD] QLH MHVW SURVWRNãWQ\ 1DFLĞQLM SU]\FLVN QD PRQLWRU]H 3RMDZL VLĊ RNQR 23&-( *àÏ:1( 1DFLVNDM SU]\FLVN GR FKZLOL SRGĞZLHWOH
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR .5=<:,=1$ %2&=1$ 2SFMD ()(.7 32'86=., ]RVWDQLH SRGĞZLHWORQD $E\ VNRU\JRZDü HIHNW SRGXV]NL QDFLĞQLM SU]\FLVN 3R VNRU\JRZDQLX HIHNWX SRGXV]NL QDFLĞQLM SU]\FLVN =5Ï:12:$ĩ21< OXE QDFLĞQLM SU]\FLVN OXE DE\ SRGĞZLHWOLü RSFMĊ DE\ SRZUyFLü GR RNQD .25(.7$ .6=7$à78 GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ".
0QDKF NFOV FLSBOPXFHP 04% $E\ ]UyZQRZDĪ\ü ]DNU]\ZLHQLH ERF]Q\FK NUDZĊG]L REUD]X QDFLĞQLM SU]\FLVN OXE 3R ]UyZQRZDĪHQLX ]DNU]\ZLHQLD ERF]Q\FK NUDZĊG]L REUD]X QDFLĞQLM SU]\FLVN DE\ SRZUyFLü GR RNQD .25(.7$ .6=7$à78 =RVWDQLH SRGĞZLHWORQD RSFMD 32:5Ï7 '2 2.1$ 23&-, *àÏ:1<&+ 1DFLĞQLM SU]\FLVN DE\ SRZUyFLü GR RNQD 23&-( *àÏ:1( OXE QDFLVNDM SU]\FLVN GR FKZLOL SRGĞZLHWOHQLD RSFML .25(.7$ .
0QDKF NFOV FLSBOPXFHP 04% 1DFLVNDM SU]\FLVN 1DFLĞQLM SU]\FLVN GR FKZLOL SRGĞZLHWOHQLD RSFML .25(.7$ .6=7$à78 3RMDZL VLĊ RNQR .25(.7$ .6=7$à78 =RVWDQLH SRGĞZLHWORQD RSFMD .25(.7$ .5=<:,=1< %2&=1(- 1DFLĞQLM SU]\FLVN DE\ SRGĞZLHWOLü RSFMĊ .25(.7$ .ď7Ï: 2%5$=8 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR .ď7< %2&=1( 2SFMD 75$3(= ]RVWDQLH SRGĞZLHWORQD GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ".
0QDKF NFOV FLSBOPXFHP 04% $E\ VNRU\JRZDü WUDSH]RLGDOQH ]QLHNV]WDáFHQLH REUD]X QDFLĞQLM SU]\FLVN 3R NRUHNFLH QDFLĞQLM SU]\FLVN SU]\FLVN OXE DE\ SRGĞZLHWOLü RSFMĊ 5Ï:12/(*à2ĝû OXE QDFLĞQLM DE\ SRZUyFLü GR RNQD .25(.7$ .6=7$à78 $E\ XVWDZLü UyZQROHJáRĞü QDFLĞQLM SU]\FLVN 3R XVWDZLHQLX UyZQROHJáRĞFL QDFLĞQLM SU]\FLVN OXE DE\ SRZUyFLü GR RNQD .25(.7$ .6=7$à78 =RVWDQLH SRGĞZLHWORQD RSFMD 32:5Ï7 '2 2.1$ 23&-, *àÏ:1<&+ 1DFLĞQLM SU]\FLVN DE\ SRZUyFLü GR RNQD 2
0QDKF NFOV FLSBOPXFHP 04% 1P QPXSPDJF EP 01$+* (»8/:$) BCZ QS[FKžŗ EP PQDKJ 0#3»5 0#3";6 [BD[OJK PE D[ZOOPžDJ X QVOLDJF 0#3»5 0#3";6 ,QWHOLJHQWQD BCZ DBLPXJDJF PQVžDJŗ NFOV 04% OBDJžOJK EXVLSPUOJF QS[ZDJTL 3RPRF . BCZ VTUBXJŗ UZMLP 3»8/0-&(0ĽĖ XZLPOBK XZƒFK PQJTBOF D[ZOOPžDJ B OBTUŢQOJF OBDJžOJK QS[ZDJTL J XZLPOBK D[ZOOPžDJ 2%5Ï7 2%5$=8 RSFMD QLH MHVW GRVWĊSQD ZH ZV]\VWNLFK PRGHODFK 3ROHFHQLH 2%5Ï7 2%5$=8 Z RSFML .25(.7$ .
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR 2%5Ï7 2%5$=8 2SFMD 2%5Ï7 EĊG]LH SRGĞZLHWORQD $E\ VNRU\JRZDü REUyW REUD]X QDFLĞQLM SU]\FLVN 3R NRUHNFLH QDFLĞQLM SU]\FLVN OXE DE\ SRZUyFLü GR RNQD .25(.7$ .6=7$à78 =RVWDQLH SRGĞZLHWORQD RSFMD 32:5Ï7 '2 23&-, *àÏ:1<&+ 1DFLĞQLM SU]\FLVN DE\ SRZUyFLü GR 23&-, *àÏ:1<&+ 1P QPXSPDJF EP 01$+* (»8/:$) EP DIXJMJ QPEžXJFUMFOJB PQDKJ BCZ QS[FKžŗ EP PQDKJ ,03&,5" ,0-036 OBDJTLBK QS[ZDJTL ,QWHOLJHQWQD ,03&,5"
0QDKF NFOV FLSBOPXFHP 04% .25(.7$ .2/258 0RQLWRU WHQ SRVLDGD GR Z\ERUX WU]\ ZVWĊSQLH XVWDZLRQH RSFMH 3LHUZV]D RSFMD WR *(1(5$/ 86( 2*Ï/1( 67262:$1,( Z\VWDUF]DMąFD GOD ZLĊNV]RĞFL DSOLNDFML 'UXJD RSFMD WR ,0$*( 0$1$*(0(17 =$5=Ą'=$1,( 2%5$=(0 GRW\F]ąFD WDNLFK SURMHNWyZ MDN NRPSXWHURZH SU]\JRWRZDQLH GR GUXNX '73 RJOąGDQLH G\VNyZ '9' ] RGWZDU]DF]D '9' OXE REUD]yZ ] VLHFL ::: D WDNĪH JUDQLH Z JU\ YLGHR 7U]HFLD RSFMD WR 3+272 5(728&+ 5(786= )272*5$),, G]LDáDMąFD ] REUD]DPL LPSRUWRZDQ\PL GR NR
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN OXE DE\ SRGĞZLHWOLü . GOD RSFML *(1(5$/ 86( 2*Ï/1( 67262:$1,( . GOD ,0$*( 0$1$*(0(17 =$5=Ą'=$1,( 2%5$=(0 . GOD 3+272 5(728&+ 5(786= ='-ĉû GOD 86(5 35(6(7 :67ĉ31( 867$:,(1,$ 8ĩ<7.2:1,.$ OXE V5*% 3R ]D]QDF]HQLX *(1(5$/ 86( 2*Ï/1( 67262:$1,( ,0$*( 0$1$*(0(17 =$5=Ą'=$1,( 2%5$=(0 3+272 5(728&+ 5(786= ='-ĉû OXE V5*% QDFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü Z\EyU L SRZUyFLü GR RNQD 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$
0QDKF NFOV FLSBOPXFHP 04% G 3R ]DNRĔF]HQLX UHJXODFML QDFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü UHJXODFMH L SRZUyFLü GR RNQD 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ =RVWDQLH SRGĞZLHWORQH &/26( 0$,1 &21752/6 =$0.1,- *àÏ:1( (/(0(17< 67(52:$1,$ D 1DFLĞQLM SU]\FLVN OXE DE\ SRGĞZLHWOLü 352)(66,21$/ 02'(/ 02'(/ 352)(6-21$1< E 3U]\ SRGĞZLHWORQ\P 86(5 35(6(7 867$:,(1,$ :67ĉ31( 8ĩ<7.2:1,.$ QDFLĞQLM SU]\FLVN DE\ SRGĞZLHWOLü 5(' *$,1 :=02&1,(1,( &=(5:21(*2 1DVWĊSQLH QDFLĞQLM SU]\FLVN
0QDKF NFOV FLSBOPXFHP 04% F 3R ]DNRĔF]HQLX XVWDZLHĔ 5(' *$,1 :=02&1,(1,$ &=(5:21(*2 QDFLĞQLM SU]\FLVN DE\ SRGĞZLHWOLü *5((1 *$,1 :=02&1,(1,( =,(/21(*2 1DVWĊSQLH QDFLĞQLM SU]\FLVN OXE DE\ Z\UHJXORZDü Z]PRFQLHQLH NRORUX ]LHORQHJR G 3R ]DNRĔF]HQLX XVWDZLHĔ *5((1 *$,1 :=02&1,(1,( =,(/21(*2 QDFLĞQLM SU]\FLVN DE\ SRGĞZLHWOLü %/8( *$,1 :=02&1,(1,( 1,(%,(6.,(*2 1DVWĊSQLH QDFLĞQLM SU]\FLVN OXE DE\ Z\UHJXORZDü Z]PRFQLHQLH NRORUX QLHELHVNLHJR H 3R ]DNRĔF]HQLX XVWDZLHĔ %/8( *$,1
0QDKF NFOV FLSBOPXFHP 04% I 3R ]DNRĔF]HQLX XVWDZLHĔ 5(' &872)) 2%&,ĉ&,( &=(5:21(*2 QDFLĞQLM SU]\FLVN DE\ SRGĞZLHWOLü *5((1 &872)) 2%&,ĉ&,( =,(/21(*2 1DVWĊSQLH QDFLĞQLM SU]\FLVN OXE DE\ Z\UHJXORZDü REFLĊFLH NRORUX ]LHORQHJR J 3R ]DNRĔF]HQLX XVWDZLHĔ *5((1 &872)) 2%&,ĉ&,( =,(/21(*2 QDFLĞQLM SU]\FLVN DE\ SRGĞZLHWOLü %/8( &872)) 2%&,ĉ&,( 1,(%,(6.,(*2 1DVWĊSQLH QDFLĞQLM SU]\FLVN OXE DE\ Z\UHJXORZDü REFLĊFLH NRORUX QLHELHVNLHJR K 3R ]DNRĔF]HQLX ZV]\VWNLFK XVWDZLHĔ QDFLĞ
0QDKF NFOV FLSBOPXFHP 04% 32:5Ï7 1$ 32&=ď7(. 67521< 35=<:5Ï&(1,( 867$:,(ē )$%5<&=1<&+ 2SFMD 35=<:5Ï&(1,( 867$:,(ē )$%5<&=1<&+ SU]\ZUDFD ZDUWRĞFL IDEU\F]QLH ]DSURJUDPRZDQH ZH ZV]\VWNLFK RNQDFK PHQX 26' 1DFLĞQLM SU]\FLVN 1DFLVNDM SU]\FLVN QD PRQLWRU]H 3RMDZL VLĊ RNQR 23&-( *àÏ:1( GR FKZLOL SRGĞZLHWOHQLD RSFML 35=<:5Ï&(1,( 867$:,(ē )$%5<&=1<&+ 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR 35=<:5Ï&(1,( 867$:,(ē )$%5<&=1<&+ 1DFLĞQLM SU]\FLVN OXE DE\ Z\EUDü 7$. OXE 1,( 'RP\ĞOQD RGSRZL
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü Z\EyU L SRZUyFLü GR RNQD 23&-( *àÏ:1( =RVWDQLH SRGĞZLHWORQH SROHFHQLH =$0.1,- 2.12 23&-, *àÏ:1<&+ 1P QPXSPDJF EP 01$+* (»8/:$) BCZ QS[FKžŗ EP PQDKJ 645"8*&/*" %0%"5,08& OBDJTLBK QS[ZDJTL EP DIXJMJ ,QWHOLJHQWQD QPEžXJFUMFOJB PQDKJ 645"8*&/*" %0%"5,08& /BTUŢQOJF [BD[OJK PE D[ZOOPžDJ X QVOLDJF 3RPRF 645"8*&/*" %0%"5,08& BCZ DBLPXJDJF PQVžDJŗ NFOV 04% OBDJžOJK QS[ZDJTL 32:5Ï7 1$ 32&=ď7(.
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ 1DFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD $'-867 02,5( 5(*8/$&-$ 025< 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR $'-867 02,5( 5(*8/$&-$ 025< GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ".
0QDKF NFOV FLSBOPXFHP 04% 1DFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD +25,=217$/ 32=,20$ $E\ Z\UHJXORZDü PRUĊ SR]LRPą QDFLĞQLM SU]\FLVN 1DFLVNDM SU]\FLVN OXE DĪ GR SRGĞZLHWOHQLD 9(57,&$/ 3,212:$ $E\ Z\UHJXORZDü PRUĊ SLRQRZą QDFLĞQLM SU]\FLVN 3R Z\UHJXORZDQLX PRU\ QDFLĞQLM SU]\FLVN OXE DE\ SRZUyFLü GR RNQD (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ =RVWDQLH SRGĞZLHWORQH %$&. 72 0$,1 &21752/6 32:5Ï7 '2 '2'$7.
0QDKF NFOV FLSBOPXFHP 04% 52=0$*1(62:$1,( (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ WR ]HVWDZ WU]HFK IXQNFML NWyUH REHMPXMą IXQNFMĊ '(*$866 52=0$*1(62:$1,( 5R]PDJQHVRZDQLH XVXZD QDJURPDG]RQ\ áDGXQHN HOHNWURPDJQHW\F]Q\ NWyU\ PRĪH ]QLHNV]WDáFDü NRORU\ QD HNUDQLH 1DFLĞQLM SU]\FLVN QD PRQLWRU]H 3RMDZL VLĊ RNQR 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ 1DFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQ
0QDKF NFOV FLSBOPXFHP 04% $E\ UR]PDJQHVRZDü HNUDQ QDFLĞQLM SU]\FLVN (NUDQ ]RVWDQLH UR]PDJQHVRZDQ\ SR F]\P SRMDZL VLĊ RNQR 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ =RVWDQLH SRGĞZLHWORQH &/26( 0$,1 &21752/6 =$0.1,- *àÏ:1( (/(0(17< 67(52:$1,$ 3R SRZURFLH GR 0$,1 &21752/6 *àÏ:1<&+ (/(0(17Ï: 67(52:$1,$ Z FHOX NRQW\QXDFML IXQNFML $'-867 02,5( 5(*8/$&-$ 025< QDFLVNDM 6]\END SRPRF SU]\FLVN DĪ GR SRGĞZLHWOHQLD (;75$ &21752/6 '2'$7.
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN QD PRQLWRU]H 3RMDZL VLĊ RNQR 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ 1DFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ 8ZDJD -HĞOL PRQLWRU QLH ]RVWDá UR]PDJQHVRZDQ\ SU]HG UHJXODFMą ]ELHĪQRĞFL QDOHĪ\ Z\NRQDü F]\QQRĞFL ] F]ĊĞFL WHJR SRGUĊF]QLND 'RGDWNRZH HOHPHQW\ VWHURZDQLD 5R]PDJQHVRZDQLH 1DFLVNDM SU]\FLVN
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR $'-867 &219(5*(1&( 5(*8/$&-$ =%,(ĩ12ĝ&, 3RGĞZLHWORQD MHVW RSFMD $'-867 +25,=217$/ 5(*8/$&-$ 32=,20$ $E\ Z\UHJXORZDü ]ELHĪQRĞü SR]LRPą QDFLĞQLM SU]\FLVN 3R Z\UHJXORZDQLX ]ELHĪQRĞFL SR]LRPHM QDFLĞQLM SU]\FLVN &219(5*(1&( =%,(ĩ12ĝû 3,212:$ GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ". OXE DE\ SRGĞZLHWOLü 9(57,&$/
0QDKF NFOV FLSBOPXFHP 04% $E\ Z\UHJXORZDü ]ELHĪQRĞü SLRQRZą QDFLĞQLM SU]\FLVN 3R Z\UHJXORZDQLX ]ELHĪQRĞFL SR]LRPHM QDFLĞQLM SU]\FLVN OXE DE\ SRZUyFLü GR RNQD (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ 3RGĞZLHWORQD MHVW RSFMD %$&. 72 0$,1 &21752/6 32:527 '2 *àÏ:1<&+ (/(0(17Ï: 67(52:$1,$ 3R SRZURFLH GR (;75$ &21752/6 '2'$7.2:<&+ (/(0(17Ï: 67(52:$1,$ Z FHOX NRQW\QXDFML IXQNFML $'-867 385,7< 5(*8/$&-$ &=<672ĝ&, %$5: QDFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD $'-867
0QDKF NFOV FLSBOPXFHP 04% PLHMVFX JG]LH SRZLQLHQ E\ü Z\ĞZLHWODQ\ F]\VW\ ELDá\ NRORU ZLGRF]Q\ MHVW NRORU F]HUZRQ\ $E\ Z\UHJXORZDü F]\VWRĞF EDUZ QDOHĪ\ Z\NRQDü SU]HGVWDZLRQH SRQLĪHM F]\QQRĞFL 8ZDJD )XQNFMĊ WD QDOHĪ\ VWRVRZDü W\ONR Z UD]LH NRQLHF]QRĞFL 1DOHĪ\ ]DSDPLĊWDü ĪH 35=(' UHJXODFMą F]\VWRĞFL EDUZ NRQLHF]QH MHVW UR]PDJQHVRZDQLH PRQLWRUD 1DFLĞQLM SU]\FLVN QD PRQLWRU]H 3RMDZL VLĊ RNQR 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ 1DFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD (;75$ &21752/
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM 3RMDZL VLĊ RNQR $'-867 385,7< 5(*8/$&-$ &=<672ĝ&, %$5: 3RGĞZLHWORQD MHVW RSFMD 16 3875,7< &=<672ĝû 16 1DFLĞQLM SU]\FLVN OXE DE\ Z\UHJXORZDü 16 385,7< &=<672ĝû 16 L ]RSW\PDOL]RZDü HIHNW\ UHJXODFML F]\VWRĞFL 3R ]DNRĔF]HQLX UHJXODFML QDFLĞQLM SU]\FLVN DE\ SRZUyFLü GR RNQD (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ 3RGĞZLHWORQD MHVW RSFMD %$&. 72 0$,1 &21752/6 32:527 '2 *àÏ:1<&+ (/(0(17Ï: 67(52:$1,$ GJMF .
0QDKF NFOV FLSBOPXFHP 04% 3R SRZURFLH GR (;75$ &21752/6 '2'$7.2:<&+ (/(0(17Ï: 67(52:$1,$ Z FHOX NRQW\QXDFML IXQNFML $872 &$/,%5$7( $8720$7<&=1$ .$/,%5$&-$ QDFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD IXQNFML $872 ,QWHOLJHQWQD &$/,%5$7( $8720$7<&=1$ .$/,%5$&-$ 1DVWĊSQLH UR]SRF]QLM F]\QQRĞü 3RPRF Z RSFML (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ $872 &$/,%5$7( $8720$7<&=1$ .$/,%5$&-$ Z FHOX FDáNRZLWHJR Z\MĞFLD QDFLĞQLM GZXNURWQLH SU]\FLVN $8720$7<&=1$ .
0QDKF NFOV FLSBOPXFHP 04% 1DFLĞQLM SU]\FLVN 3RMDZL VLĊ RNQR (;75$ &21752/6 '2'$7.2:( (/(0(17< 67(52:$1,$ QDFLVNDM SU]\FLVN DĪ GR SRGĞZLHWOHQLD $872 &$/,%5$7( $8720$7<&=1$ .$/,%5$&-$ 1DFLĞQLM SU]\FLVN OXE DE\ Z\EUDü 2)) :<àĄ&= OXE $872 $8720$7<&=1$ 3R Z\NRQDQLX Z\ERUX QDFLĞQLM SU]\FLVN DE\ SRWZLHUG]Lü Z\EyU L SRZUyFLü GR RNQD 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ =RVWDQLH SRGĞZLHWORQH &/26( 0$,1 GJMF .
0QDKF NFOV FLSBOPXFHP 04% :,1'2: =$0.1,- *àÏ:1( 2.12 1DFLĞQLM SU]\FLVN DE\ ]DNRĔF]\ü Z\ĞZLHWODQLH RNQD 0$,1 &21752/6 *àÏ:1( (/(0(17< 67(52:$1,$ ,QWHOLJHQWQD 3RPRF 3R SRZURFLH GR 0$,1 &21752/6 *àÏ:1<&+ (/(0(17Ï: 67(52:$1,$ Z FHOX FDáNRZLWHJR Z\MĞFLD QDFLĞQLM SU]\FLVN 32:5Ï7 1$ 32&=ď7(. 67521< =$0.1,- 2.12 23&-, *àÏ:1<&+ 32:5Ï7 1$ 32&=ď7(. 67521< GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ".
0QDKF NFOV FLSBOPXFHP 04% GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 04% PTE@DPOU IUN PG ".
(XBSBODKB 1IJMJQT ' STU $IPJDF *ZDUDQFMD 3KLOLSV ) UVW &KRLFH ']LĊNXMHP\ ]D ]DNXS PRQLWRUD ILUP\ 3KLOLSV :V]\VWNLH PRQLWRU\ ILUP\ 3KLOLSV Vą SURMHNWRZDQH L SURGXNRZDQH ]JRGQLH ]H ĞFLVá\PL QRUPDPL =DSHZQLDMą RQH Z\VRNą MDNRĞü SUDF\ RUD] áDWZRĞü REVáXJL L LQVWDODFML : SU]\SDGNX Z\VWąSLHQLD SUREOHPyZ Z ]DNUHVLH LQVWDODFML OXE HNVSORDWDFML SURGXNWX QDOHĪ\ VNRQWDNWRZDü VLĊ EH]SRĞUHGQLR ] SXQNWHP SRPRF\ WHFKQLF]QHM ILUP\ 3KLOLSV Z FHOX VNRU]\VWDQLD ] JZDUDQFML 3KLOLSV ) UVW &KRLFH 7U]\OHWQLD JZDUDQFMD
(XBSBODKB 1IJMJQT ' STU $IPJDF MHĞOL Z\VWĊSXMą ]DNáyFHQLD Z RGELRU]H VSRZRGRZDQH MDNRĞFLą V\JQDáX EąGĨ NDEODPL OXE DQWHQDPL SR]D XU]ąG]HQLHP ● MHĞOL Z\VWąSLá\ XVWHUNL VSRZRGRZDQH QLHZáDĞFLZ\P XĪ\WNRZDQLHP PRQLWRUD ● MHĞOL SURGXNW Z\PDJD PRG\ILNDFML OXE GRVWRVRZDQLD Z FHOX ]DSHZQLHQLD ]JRGQRĞFL ] ORNDOQ\PL OXE NUDMRZ\PL QRUPDPL WHFKQLF]Q\PL RERZLą]XMąF\PL Z NUDMDFK Z NWyU\FK PRQLWRU QLH E\á SLHUZRWQLH SURMHNWRZDQ\ SURGXNRZDQ\ ]DWZLHUG]RQ\ OXE GRSXV]F]RQ\ QDOHĪ\ ]DZV]H VSUDZG]Lü F]\ SURGX
(XBSBODKB 1IJMJQT ' STU $IPJDF GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 8"33"/5: XBS@ TU IUN PG ".
.JŢE[ZOBSPEPXB HXBSBODKB X &VSPQJF $FOUSBMOFK J 8TDIPEOJFK *ZDUDQFMD Z (XURSLH &HQWUDOQHM L :VFKRGQLHM 'URJL .OLHQFLH ']LĊNXMHP\ ]D ]DNXSLHQLH WHJR SURGXNWX ILUP\ 3KLOLSV ]DSURMHNWRZDQHJR L Z\WZRU]RQHJR ZHGáXJ QDMZ\ĪV]\FK VWDQGDUGyZ MDNRĞFL -HĞOL QLHIRUWXQQLH ]DLVWQLHMą QLHSUDZLGáRZRĞFL Z G]LDáDQLX WHJR SURGXNWX ILUPD 3KLOLSV JZDUDQWXMH EH]SáDWQą QDSUDZĊ L Z\PLDQĊ F]ĊĞFL Z RNUHVLH PLHVLĊF\ RG GDW\ ]DNXSX &R REHMPXMH JZDUDQFMD" *ZDUDQFMD ILUP\ 3KLOLSV GOD (XURS\ &HQWUDOQHM L :VFKRGQLHM REHMPXM
.JŢE[ZOBSPEPXB HXBSBODKB X &VSPQJF $FOUSBMOFK J 8TDIPEOJFK $E\ XQLNQąü QLHSRWU]HEQ\FK QLHGRJRGQRĞFL SU]HG VNRQWDNWRZDQLHP VLĊ ] GRVWDZFDPL OXE SXQNWDPL LQIRUPDF\MQ\PL GRUDG]DP\ XZDĪQH SU]HF]\WDQLH LQVWUXNFML G]LDáDQLD : SU]\SDGNX JG\ SURGXNW ILUP\ 3KLOLSV G]LDáD QLHSUDZLGáRZR OXE MHVW XV]NRG]RQ\ QDOHĪ\ VNRQWDNWRZDü VLĊ ] GRVWDZFą ILUP\ 3KLOLSV OXE EH]SRĞUHGQLR ] SXQNWDPL SRPRF\ WHFKQLF]QHM L LQIRUPDFML NOLHQWD ILUP\ 3KLOLSV 6WURQD VLHFL ZHE ZZZ SKLOLSV FRP VXSSRUW GJMF .
(XBSBODKB NJŢE[ZOBSPEPXB *ZDUDQFMD PLĊG]\QDURGRZD 6]DQRZQ\ .OLHQFLH *UDWXOXMHP\ ]DNXSX SURGXNWX ILUP\ 3KLOLSV ]DSURMHNWRZDQHJR L Z\SURGXNRZDQHJR ] XZ]JOĊGQLHQLHP QDMZ\ĪV]\FK VWDQGDUGyZ MDNRĞFLRZ\FK -HĪHOL PLPR ZV]\VWNR Z\VWąSLá\ QLHSUDZLGáRZRĞFL ]ZLą]DQH ] SURGXNWHP 3KLOLSV JZDUDQWXMH Z RNUHVLH PLHVLĊF\ RG GDW\ ]DNXSX EH]SáDWQ\ VHUZLV L F]ĊĞFL ]DPLHQQH QLH]DOHĪQLH RG NUDMX Z NWyU\P QDVWąSL QDSUDZD 1LQLHMV]D JZDUDQFMD PLĊG]\QDURGRZD ILUP\ 3KLOLSV MHVW ]JRGQD ] LVWQLHMąF\PL ]RERZLą]DQLDPL JZD
(XBSBODKB NJŢE[ZOBSPEPXB KWWS ZZZ SKLOLSV FRP GJMF .] 16#-*$ TFSWJDF +BEF QPMJTI 8"33"/5: XBS@JOUM IUN PG ".
6OJUFE 4UBUFT (VBSBOUFF *ZDUDQFMD 3KLOLSV ) UVW &KRLFH .DQDGD 86$ *UDWXOXMHP\ ]DNXSX PRQLWRUD ILUP\ 3KLOLSV :V]\VWNLH PRQLWRU\ 3KLOLSV Vą SURMHNWRZDQH L SURGXNRZDQH ] XZ]JOĊGQLHQLHP QDMZ\ĪV]\FK VWDQGDUGyZ ]DSHZQLDMą Z\VRNą MDNRĞü G]LDáDQLD Vą áDWZH Z LQVWDODFML L XĪ\WNRZDQLX : UD]LH Z\VWąSLHQLD MDNLFKNROZLHN SUREOHPyZ Z WUDNFLH LQVWDORZDQLD OXE XĪ\WNRZDQLD SURGXNWX SURVLP\ R EH]SRĞUHGQL NRQWDNW ] SU]HGVWDZLFLHOHP ILUP\ 3KLOLSV Z FHOX VNRU]\VWDQLD ] JZDUDQFML 3KLOLSV ) UVW &KRLFH 7D WU
6OJUFE 4UBUFT (VBSBOUFF &2 -(67 :<àĄ&=21( = *:$5$1&-," *ZDUDQFMD QLH REHMPXMH NRV]WyZ URERFL]Q\ ]D LQVWDODFMĊ OXE VNRQILJXURZDQLH SURGXNWX GRNRQDQLH UHJXODFML SDUDPHWUyZ SUDF\ SURGXNWX ZHGáXJ SRWU]HE NOLHQWD MDN UyZQLHĪ LQVWDODFML OXE QDSUDZ\ V\VWHPyZ DQWHQRZ\FK ]HZQĊWU]Q\FK Z]JOĊGHP SURGXNWX ● QDSUDZ\ SURGXNWX L OXE Z\PLDQ\ F]ĊĞFL Z\QLNá\FK ] QLHZáDĞFLZHJR XĪ\ZDQLD Z\SDGNX QLHDXWRU\]RZDQHM QDSUDZ\ SURGXNWX OXE LQQHM SU]\F]\Q\ OHĪąFHM SR]D 3KLOLSV &RQVXPHU (OHFWURQLFV ● SUREOHPyZ RG
6OJUFE 4UBUFT (VBSBOUFF 'RUDGF]R 6HUZLVRZ\P 3KLOLSV 3KLOLSV &XVWRPHU &DUH &HQWHU OXE : 86$ 3RUWRU\NR L QD :\VSDFK ']LHZLF]\FK ZV]HONLH GRPQLHPDQH JZDUDQFMH ZáąF]DMąF Z WR GRPQLHPDQH JZDUDQFMH GRSXV]F]DOQRĞFL GR VSU]HGDĪ\ L ]GDWQRĞFL GR RNUHĞORQ\FK FHOyZ Vą RJUDQLF]RQH Z F]DVLH GR RNUHVX WUZDQLD QLQLHMV]HM Z\UDĨQHM JZDUDQFML -HGQDNĪH ] XZDJL QD Z\NOXF]HQLH SU]H] QLHNWyUH NUDMH RJUDQLF]HĔ GRW\F]ąF\FK RNUHVX WUZDQLD GRPQLHPDQ\FK JZDUDQFML SXQNW SRZ\ĪV]\ PRĪH 3DĔVWZD
6OJUFE 4UBUFT (VBSBOUFF 6\VWHP RSHUDF\MQ\ :LQGRZV '26 26 0$& ❍ )DNV 0RGHP 3URJUDP LQWHUQHWRZ\ ● LQQH ]DLQVWDORZDQH NDUW\ UR]V]HU]HĔ 6HUZLV JZDUDQF\MQ\ PRĪH XVSUDZQLü WDNĪH SRVLDGDQLH SRQLĪV]\FK LQIRUPDFML ● GRZyG ]DNXSX ]DZLHUDMąF\ GDWĊ ]DNXSX QD]ZĊ GHDOHUD W\S SURGXNWX L QXPHU VHU\MQ\ ● SHáQ\ DGUHV SRG NWyU\ ZLQLHQ E\ü GRVWDUF]RQ\ PRGHO ]DPLHQQ\ ❍ 7HOHIRQLF]QD SRPRF 2ĞURGNL SRPRF\ WHFKQLF]QHM NOLHQWD ILUP\ 3KLOLSV ]QDMGXMą VLĊ QD FDá\P ĞZLHFLH : 86$ SRSU]H] X
*OGPSNBDKJ LPOUBLUPXZDI QSPHSBNV ' STU $IPJDF ,QIRUPDFML NRQWDNWRZ\FK SURJUDPX ) UVW &KRLFH .UDM 1XPHU WHOHIRQLF]Q\ 7DU\ID $XVWULD ¼ %HOJLXP ¼ &\SUXV %H]SáDWQH 'HQPDUN 7DU\ID ]D UR]PRZĊ ORNDOQą )LQODQG 7DU\ID ]D UR]PRZĊ ORNDOQą )UDQFH ¼ *HUPDQ\ ¼ *UHHFH 7DU\ID ]D UR]PRZĊ ORNDOQą ,UHODQG 7DU\ID ]D UR]PRZĊ ORNDOQą ,WD
Consumer Information Centers &RQVXPHU ,QIRUPDWLRQ &HQWHUV $QWLOOHV • $UJHQWLQD • $XVWUDOLD • %DQJODGHVK • %HODUXV • %UDVLO • %XOJDULD • &DQDGD • &KLOH • &KLQD • &RORPELD • &URDWLD • &]HFK 5HSXEOLF • 'XEDL • (VWRQLD • +RQJ .RQJ • +XQJDU\ • ,QGLD• ,QGRQHVLD • .RUHD • /DWYLD • /LWKXDQLD • 0DOD\VLD • 0H[LFR • 0RURFFR • 1HZ =HDODQG • 3DNLVWDQ • 3DUDJXD\ • 3HUX • 3KLOLSSLQHV • 3RODQG • 5XVVLD • 5RPDQLD • 6HUELD 0RQWHQHJUR • 6LQJDSRUH • 6ORYDNLD • 6ORYHQLD • 6RXWK $IULFD • 7DLZDQ • 7KDLODQG • 7XUNH\ • 8UXJXD\
Consumer Information Centers (6721,$ )8-,768 6(59,&(6 28 $NDGHHPLD WHH * (( 7DOOLQQ 7HO ZZZ HH LQYLD IXMLWVX FRP +81*$5< 6HUZDUH 6]HUYL] 9L]LPROQiU X +8 %XGDSHVW 7HO (PDLO LQER[#VHUZDUH KX ZZZ VHUZDUH KX /$79,$ 6HUYLFH1HW /9 -HOJDYDV LHOD /9 5LJD 7HO (PDLO VHUYLVV#VHUYLFHQHW OY /,7+8$1,$ 6HUYLFH1HW /7 *DL]LXQX * /7 ± .
Consumer Information Centers 6(5%,$ 0217(1(*52 7HKQLFRP 6HUYLFH G R R %XOHYDU 9RMYRGH 0LVLFD % <8 ± %HOJUDGH 7HO 6/29$.,$ 'DWDODQ 6HUYLVQH 6WUHGLVNR 3XFKRYVND 6. %UDWLVODYD 7HO (PDLO VHUYLV#GDWDODQ VN 6/29(1,$ 3& +$1' %UH]RYFH 6, 7U]LQ 7HO (PDLO VHUYLV#SFKDQG VL 32/$1' =ROWHU XO =\WQLD 3/ 3LDVHF]QR 7HO (PDLO VHUYPRQLWRU#]ROWHU FRP SO ZZZ ]ROWHU FRP SO 5866,$ 7HO
Consumer Information Centers 8.5$,1( &RPHO 6KHYFKHQNR VWUHHW 8$ 'QHSURSHWURYVN 7HO ZZZ FVS FRPHO FRP /DWLQ $PHULFD $17,//(6 3KLOLSV $QWLOODQD 1 9 .DPLQGD $ - ( .
Consumer Information Centers &2/20%,$ ,QGXVWULDV 3KLOLSV GH &RORPELD 6 $ 'LYLVLRQ GH 6HUYLFLR &$55(5$ 1U %RJRWD &RORPELD 3KRQH WROO IUHH )D[ 0(;,&2 &RQVXPHU ,QIRUPDWLRQ &HQWUH 1RUWH 1R &RO ,QGXVWULDO 9DOOHMR & 3 0H[LFR ' ) 3KRQH )D[ 3$5$*8$< $Y 5FD $UJHQWLQD F $OIUHGR 6HLIHUKHOG 3 2 %2; 3KRQH )D[ &XVWRPHU 'HVN 3KRQH 3(58 3K
Consumer Information Centers 9(1(=8(/$ ,QGXVWULDV 9HQH]RODQDV 3KLOLSV 6 $ $SDUWDGR 3RVWDO &DUDFDV $ 3KRQH )D[ &DQDGD &$1$'$ 3KLOLSV (OHFWURQLFV /WG +LOOPRXQW 5RDG 0DUNKDP 2QWDULR / & 6 3KRQH )D[ 3DFLILF $8675$/,$ 3KLOLSV &RQVXPHU (OHFWURQLFV &XVWRPHU &DUH &HQWUH /HYHO (SSLQJ 5G 1RUWK 5\GH 16: 3KRQH )D[ 1(: =($/$1' 3KLOLSV 1HZ =HDODQG /WG &RQVXPHU +HOS 'HVN :DJHQHU 3ODFH 0W $OEHUW 3 2
Consumer Information Centers %$1*/$'(6+ 3KLOLSV 6HUYLFH &HQWUH .D]L 1D]UXO ,VODP $YHQXH .DZUDQ %D]DU & $ 'KDND 3KRQH )D[ &+,1$ 6+$1+$, 5P +RQJ\XQ %XLOGLQJ 1R :XQLQJ URDG 6KDQJKDL 3 5 &KLQD 3KRQH )D[ +21* .21* 3KLOLSV (OHFWURQLFV +RQJ .RQJ /LPLWHG &RQVXPHU 6HUYLFH 8QLW $ ) 3DUN 6XQ %XLOGLQJ :R
Consumer Information Centers &XVWRPHU 5HODWLRQ &HQWUH +DGGRZV 5RDG 0DGUDV 1(: '(/+, &XVWRPHU 5HODWLRQ &HQWUH 6KLYDML 0DUJ 1HZ 'HKOL ,1'21(6,$ 3KLOLSV *URXS RI &RPSDQLHV LQ ,QGRQHVLD &RQVXPHU ,QIRUPDWLRQ &HQWUH -O %XQFLW 5D\D .DY -DNDUWD 3KRQH ([W )D[ .25($ 3KLOLSV .RUHD /WG 3KLOLSV +RXVH & 3 2 ER[ ,WDHZRQ 'RQJ
Consumer Information Centers 3$.,67$1 3KLOLSV &RQVXPHU ,QIRUPDWLRQ &HQWUH 0EXDUDN PDQ]LO *DUGHQ 5RDG 6DGGDU .DUDFKL 3KRQH )D[ ( 0DLO FDUH#SKLOLSV FRP :HE VLWH ZZZ SKLOLSV FRP SN 3+,/,33,1(6 3KLOLSV (OHFWURQLFV /LJKWLQJ ,QF &RQVXPHU (OHFWURQLFV ) 3%&20 7RZHU $\DOD $YHQXH FRU 9$ 5XILQR 6W 6DOFHGR 9LOODJH 0DNDWL &LW\ 3+,/6 3KRQH 'RPHVWLF 7ROO )UHH 3+,/,36 RU )D[ 6,1*$325( $FFRUG &XVWRP
Consumer Information Centers 7+$,/$1' 3KLOLSV (OHFWURQLFV 7KDLODQG /WG WK IORRU 7KDL 6XPPLW 7RZHU 1HZ 3HWFKEXUL 5RDG .KZDHQJ %DQJNDSL .KHW +XD\NKZDQJ %DQJNRN 7KDLODQG 3KRQH HPDLO FLF 7KDL#SKLOLSV FRP $IULFD 0252&&2 3KLOLSV (OHFWURQLTXH 0DURF %' 0RKDPHG 9 &DVDEODQFD 3KRQH )D[ 6287+ $)5,&$ 3+,/,36 6$ 37< /7' &XVWRPHU &DUH &HQWUH 0DLQ 5RDG 0DUWLQGDOH -RKDQQHVEXUJ 3 2 ER[ 1HZYLOOH 3KRQH )D[
PHILIPS Warranty Card 8/16/02 12:38 PM Page 1 It Takes Only A Moment To PROTECT YOUR INVESTMENT. Congratulations on investing in a Philips product. It’s an important and intelligent decision that’s sure to reward you for many years to come. To ensure you’ll get all of the privileges and protection that come with your purchase, please complete your Warranty Registration Card within the next ten days. SIMPLY MAIL THE CARD BELOW TO RECEIVE ALL OF THESE BENEFITS TO WHICH YOU’RE ENTITLED.
PHILIPS Warranty Card 8/16/02 12:38 PM Page 2 !1375415338! PO BOX 1533 DEPOSIT NY 13754-1533 Please Open Promptly! TIME-DATED MATERIAL a PLEASE APPLY FIRST CLASS STAMP IMPORTANT Warranty Registration Card RETURN THE ATTACHED CARD WITHIN TEN DAYS TO ENSURE YOUR: ✓ Warranty Verification ✓ Owner Confirmation ✓ Model Registration See Inside For Valuable Benefits!
Regulatory Information 5HJXODWRU\ ,QIRUPDWLRQ 7&2 ,QIRUPDWLRQ • 7&2 (QYLURQPHQWDO 5HTXLUHPHQWV • 7&2 ,QIRUPDWLRQ • 5HF\FOLQJ ,QIRUPDWLRQ IRU &XVWRPHUV • &( 'HFODUDWLRQ RI &RQIRUPLW\ • (QHUJ\ 6WDU 'HFODUDWLRQ • )HGHUDO &RPPXQLFDWLRQV &RPPLVVLRQ )&& 1RWLFH 8 6 2QO\ • &RPPLVVLRQ )HGHUDOH GH OD &RPPXQLFDWLRQ )&& 'HFODUDWLRQ • (1 &RPSOLDQFH &]HFK 5HSXEOLF 2QO\ • 9&&, &ODVV 1RWLFH -DSDQ 2QO\ • 0,& 1RWLFH 6RXWK .RUHD 2QO\ • 3ROLVK &HQWHU IRU 7HVWLQJ DQG &HUWLILFDWLRQ 1RWLFH • 1R
Regulatory Information 7KHUH DUH DOVR RWKHU FKDUDFWHULVWLFV RI D FRPSXWHU VXFK DV HQHUJ\ FRQVXPSWLRQ OHYHOV WKDW DUH LPSRUWDQW IURP WKH YLHZSRLQWV RI ERWK WKH ZRUN LQWHUQDO DQG QDWXUDO H[WHUQDO HQYLURQPHQWV 6LQFH DOO PHWKRGV RI HOHFWULFLW\ JHQHUDWLRQ KDYH D QHJDWLYH HIIHFW RQ WKH HQYLURQPHQW H J DFLGLF DQG FOLPDWH LQIOXHQFLQJ HPLVVLRQV UDGLRDFWLYH ZDVWH LW LV YLWDO WR VDYH HQHUJ\ (OHFWURQLFV HTXLSPHQW LQ RIILFHV LV RIWHQ OHIW UXQQLQJ FRQWLQXRXVO\ DQG WKHUHE\ FRQVXPHV D ORW RI HQHUJ\ :KD
Regulatory Information (QYLURQPHQWDO 5HTXLUHPHQWV )ODPH UHWDUGDQWV )ODPH UHWDUGDQWV DUH SUHVHQW LQ SULQWHG FLUFXLW ERDUGV FDEOHV ZLUHV FDVLQJV DQG KRXVLQJV 7KHLU SXUSRVH LV WR SUHYHQW RU DW OHDVW WR GHOD\ WKH VSUHDG RI ILUH 8S WR RI WKH SODVWLF LQ D FRPSXWHU FDVLQJ FDQ FRQVLVW RI IODPH UHWDUGDQW VXEVWDQFHV 0RVW IODPH UHWDUGDQWV FRQWDLQ EURPLQH RU FKORULGH DQG WKRVH IODPH UHWDUGDQWV DUH FKHPLFDOO\ UHODWHG WR DQRWKHU JURXS RI HQYLURQPHQWDO WR[LQV 3&%V %RWK WKH IODPH UHWDUGDQWV FRQWDLQLQJ E
Regulatory Information QHUYRXV V\VWHP DQG LQ KLJKHU GRVHV FDXVHV OHDG SRLVRQLQJ 7KH UHOHYDQW 7&2 UHTXLUHPHQW SHUPLWV WKH LQFOXVLRQ RI OHDG VLQFH QR UHSODFHPHQW KDV \HW EHHQ GHYHORSHG %LR DFFXPXODWLYH LV GHILQHG DV VXEVWDQFHV ZKLFK DFFXPXODWH ZLWKLQ OLYLQJ RUJDQLVPV /HDG &DGPLXP DQG 0HUFXU\ DUH KHDY\ PHWDOV ZKLFK DUH ELR DFFXPXODWLYH 5(7851 72 723 2) 7+( 3$*( 7&2 ,QIRUPDWLRQ )RU 7&2 0RGHO 2QO\ &RQJUDWXODWLRQV 7KH GLVSOD\ \RX KDYH MXVW SXUFKDVHG FDUULHV WKH 7&2 'LVSOD\V ODEHO 7KLV
Regulatory Information (QHUJ\ VDYLQJ PRGH DIWHU D FHUWDLQ WLPH EHQHILFLDO ERWK IRU WKH XVHU DQG WKH HQYLURQPHQW ● (OHFWULFDO VDIHW\ (PLVVLRQV ● ● (OHFWURPDJQHWLF ILHOGV 1RLVH HPLVVLRQV (FRORJ\ ● ● 7KH SURGXFW PXVW EH SUHSDUHG IRU UHF\FOLQJ DQG WKH PDQXIDFWXUHU PXVW KDYH D FHUWLILHG HQYLURQPHQWDO PDQDJHPHQW V\VWHP VXFK DV (0$6 RU ,62 5HVWULFWLRQV RQ FKORULQDWHG DQG EURPLQDWHG IODPH UHWDUGDQWV DQG SRO\PHUV KHDY\ PHWDOV VXFK DV FDGPLXP PHUFXU\ DQG OHDG 7KH UHTXLUHPHQWV LQFOXGHG LQ WKLV ODEHO
Regulatory Information 7KHUH LV FXUUHQWO\ D V\VWHP RI UHF\FOLQJ XS DQG UXQQLQJ LQ WKH (XURSHDQ FRXQWULHV VXFK DV 7KH 1HWKHUODQGV %HOJLXP 1RUZD\ 6ZHGHQ DQG 'HQPDUN ,Q 8 6 $ 3KLOLSV &RQVXPHU (OHFWURQLFV 1RUWK $PHULFD KDV FRQWULEXWHG IXQGV IRU WKH (OHFWURQLF ,QGXVWULHV $OOLDQFH (,$ (OHFWURQLFV 5HF\FOLQJ 3URMHFW DQG VWDWH UHF\FOLQJ LQLWLDWLYHV IRU HQG RI OLIH HOHFWURQLFV SURGXFWV IURP KRXVHKROG VRXUFHV ,Q DGGLWLRQ WKH 1RUWKHDVW 5HF\FOLQJ &RXQFLO 1(5& D PXOWL VWDWH QRQ SURILW RUJDQL]DWLRQ IRF
Regulatory Information ((& (0& 'LUHFWLYH ((& $PHQGPHQW RI (0& DQG /RZ 9ROWDJH 'LUHFWLYH DQG LV SURGXFHG E\ D PDQXIDFWXULQJ RUJDQL]DWLRQ RQ ,62 OHYHO ● 7KH SURGXFW DOVR FRPSO\ ZLWK WKH IROORZLQJ VWDQGDUGV ,62 ,62 ,62 (UJRQRPLF UHTXLUHPHQW IRU 9LVXDO 'LVSOD\ ,62 (UJRQRPLF UHTXLUHPHQW IRU )ODW SDQHOV *6 (. *6 VSHFLILFDWLRQ SU(1 /RZ )UHTXHQF\ (OHFWULF DQG 0DJQHWLF ILHOGV IRU 9LVXDO 'LVSOD\) - 035 ,, 035 /RZ )UHTXHQF
Regulatory Information $V DQ (1(5*< 67$5 3DUWQHU 3+,/,36 KDV GHWHUPLQHG WKDW WKLV SURGXFW PHHWV WKH (1(5*< 67$5 JXLGHOLQHV IRU HQHUJ\ HIILFLHQF\ :H UHFRPPHQG \RX VZLWFK RII WKH PRQLWRU ZKHQ LW LV QRW LQ XVH IRU TXLWH D ORQJ WLPH 5(7851 72 723 2) 7+( 3$*( )HGHUDO &RPPXQLFDWLRQV &RPPLVVLRQ )&& 1RWLFH 8 6 2QO\ 7KLV HTXLSPHQW KDV EHHQ WHVWHG DQG IRXQG WR FRPSO\ ZLWK WKH OLPLWV IRU D &ODVV % GLJLWDO GHYLFH SXUVXDQW WR 3DUW RI WKH )&& 5XOHV 7KHVH OLPLWV DUH GHVLJQHG WR SURYLGH UHDVRQDEOH SURW
Regulatory Information 7+,6 &/$66 % ',*,7$/ $33$5$786 0((76 $// 5(48,5(0(176 2) 7+( &$1$',$1 ,17(5)(5(1&( &$86,1* (48,30(17 5(*8/$7,216 5(7851 72 723 2) 7+( 3$*( &RPPLVVLRQ )HGHUDOH GH OD &RPPXQLFDWLRQ )&& 'HFODUDWLRQ &HW pTXLSHPHQW D pWp WHVWp HW GpFODUp FRQIRUPH DX[OLPLWHV GHV DSSDUHLOV QXPpULTXHV GH FODVV % DX[ WHUPHV GH O DUWLFOH 'HV UqJOHV GH OD )&& &HV OLPLWHV VRQW FRQoXHV GH IDoRQ j IRXULU XQH SURWHFWLRQ UDLVRQQDEOH FRQWUH OHV LQWHUIpUHQFHV QXLVLEOHV GDQV OH FDGUH G XQH LQVWDOODWLRQ UpV
Regulatory Information (1 &RPSOLDQFH &]HFK 5HSXEOLF 2QO\ 5(7851 72 723 2) 7+( 3$*( 9&&, 1RWLFH -DSDQ 2QO\ 7KLV LV D &ODVV % SURGXFW EDVHG RQ WKH VWDQGDUG RI WKH 9ROXQWDU\ &RQWURO &RXQFLO IRU ,QWHUIHUHQFH 9&&, IRU ,QIRUPDWLRQ WHFKQRORJ\ HTXLSPHQW ,I WKLV HTXLSPHQW LV XVHG QHDU D UDGLR RU WHOHYLVLRQ UHFHLYHU LQ D GRPHVWLF HQYLURQPHQW LW PD\ FDXVH UDGLR ,QWHUIHUHQFH ,QVWDOO DQG XVH WKH HTXLSPHQW DFFRUGLQJ WR WKH LQVWUXFWLRQ PDQXDO &ODVV % ,7( 5(7851 72 723 2) 7+( 3$*( 0,& 1RWLFH 6RXWK .
Regulatory Information 3OHDVH QRWH WKDW WKLV GHYLFH KDV EHHQ DSSURYHG IRU QRQ EXVLQHVV SXUSRVHV DQG PD\ EH XVHG LQ DQ\ HQYLURQPHQW LQFOXGLQJ UHVLGHQWLDO DUHDV 5(7851 72 723 2) 7+( 3$*( 3ROLVK &HQWHU IRU 7HVWLQJ DQG &HUWLILFDWLRQ 1RWLFH 7KH HTXLSPHQW VKRXOG GUDZ SRZHU IURP D VRFNHW ZLWK DQ DWWDFKHG SURWHFWLRQ FLUFXLW D WKUHH SURQJ VRFNHW $OO HTXLSPHQW WKDW ZRUNV WRJHWKHU FRPSXWHU PRQLWRU SULQWHU DQG VR RQ VKRXOG KDYH WKH VDPH SRZHU VXSSO\ VRXUFH 7KH SKDVLQJ FRQGXFWRU RI WKH URRP V HOHFWULFDO
Regulatory Information 5(7851 72 723 2) 7+( 3$*( 1RUWK (XURSH ,QIRUPDWLRQ 1RUGLF &RXQWULHV 3ODFHULQJ 9HQWLODWLRQ 9$51,1* )g56b.5$ ',* 20 $77 +898'%5<7$5( 2&+ 877$* b5 /b7c7.20/,*$ 1b5 '8 67b//(5 ',1 8758671,1* 3c3/$76 file:///M|/PUBLIC/service/Jade/polish/202P/SAFETY/REGS/REGULAT.
Regulatory Information 3ODFHULQJ 9HQWLODWLRQ $'9$56(/ 65* 9(' 3/$&(5,1*(1 )25 $7 1(7/('1,1*(16 67,. 2* 67,..217$.7 (5 1(07 7,/*1*(/,*( 3DLNND ,OPDQNLHUWR 9$52,786 6,-2,7$ /$,7( 6,7(1 (77b 9(5..2-2+72 92,'$$1 7$59,77$(66$ +(/3267, ,55277$$ 3,6725$6,$67$ 3ODVVHULQJ 9HQWLODVMRQ $'9$56(/ 1c5 '(77( 8767<5(7 3/$66(5(6 0c '8 3$66( 3c $7 .217$.7(1( )25 6707,/)56(/ (5 /(77( c 1c 5(7851 72 723 2) 7+( 3$*( %60, 1RWLFH 7DLZDQ 2QO\ 5(7851 72 723 2) 7+( 3$*( file:///M|/PUBLIC/service/Jade
Regulatory Information (UJRQRPLH +LQZHLV QXU 'HXWVFKODQG 'HU YRQ XQV JHOLHIHUWH )DUEPRQLWRU HQWVSULFKW GHQ LQ GHU 9HURUGQXQJ EHU GHQ 6FKXW] YRU 6FKlGHQ GXUFK 5|QWJHQVWUDKOHQ IHVWJHOHJWHQ 9RUVFKULIWHQ $XI GHU 5FNZDQG GHV *HUlWHV EHILQGHW VLFK HLQ $XINOHEHU GHU DXI GLH 8QEHGHQNOLFKNHLW GHU ,QEHWULHEQDKPH KLQZHLVW GD GLH 9RUVFKULIWHQ EHU GLH %DXDUW YRQ 6W|UVWUDKOHUQ QDFK $QODJH ,,, ͞ $EV GHU 5|QWJHQYHURUGQXQJ HUIOOW VLQG 'DPLW ,KU 0RQLWRU LPPHU GHQ LQ GHU =XODVVXQJ JHIRUGHUWHQ :HUWHQ HQWV
Regulatory Information ,QIRUPDWLRQ IRU 8. RQO\ :$51,1* 7+,6 $33/,$1&( 0867 %( ($57+(' ,PSRUWDQW 7KLV DSSDUDWXV LV VXSSOLHG ZLWK DQ DSSURYHG PRXOGHG $ SOXJ 7R FKDQJH D IXVH LQ WKLV W\SH RI SOXJ SURFHHG DV IROORZV 5HPRYH IXVH FRYHU DQG IXVH )LW QHZ IXVH ZKLFK VKRXOG EH D %6 $ $ 6 7 $ RU %6, DSSURYHG W\SH 5HILW WKH IXVH FRYHU ,I WKH ILWWHG SOXJ LV QRW VXLWDEOH IRU \RXU VRFNHW RXWOHWV LW VKRXOG EH FXW RII DQG DQ DSSURSULDWH SLQ SOXJ ILWWHG LQ LWV SODFH ,I WKH PDLQV SO
Regulatory Information *5((1 <(//2: ($57+ ( 7KH *5((1 $1' <(//2: ZLUH PXVW EH FRQQHFWHG WR WKH WHUPLQDO LQ WKH SOXJ ZKLFK LV PDUNHG ZLWK WKH OHWWHU ( RU E\ WKH (DUWK V\PERO RU FRORXUHG *5((1 RU *5((1 $1' <(//2: 7KH %/8( ZLUH PXVW EH FRQQHFWHG WR WKH WHUPLQDO ZKLFK LV PDUNHG ZLWK WKH OHWWHU 1 RU FRORXUHG %/$&.