• Aucun résultat trouvé

./#-/#!0#123421#56# !"#$%&'%()*+," #63#767#89:;<976<97# "#$%&'()!&*!!!!+)!,)-,!./!-012()!

N/A
N/A
Protected

Academic year: 2021

Partager "./#-/#!0#123421#56# !"#$%&'%()*+," #63#767#89:;<976<97# "#$%&'()!&*!!!!+)!,)-,!./!-012()!"

Copied!
78
0
0

Texte intégral

(1)

!"#$"%$#&'#%()*+"#,#--#

!

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

%3456!787!9:5;48<787!8=!>37?6939=87!>3?8==87@!ABC=48!D<5369!87=!<9!!"#$%&'()#*+'$,%%34!

?8==8! 8EF48776:9@! GB89=89H7! I<8! ?D3?<9! H:6=! I<:=6H68998589=! 4J7:<H48! H87! =K?D87!

?:L96=6M87! I<6! 65FA6I<89=! A3! 5396F<A3=6:9! H8! I<39=6=J7! 9<5J46I<87*! -.(/*$&% 0$%

1$#2.&&$2%3.&"4$55$2%56%3*5$%7%8$%9'*8:$"%N!0<!89?:48@%7%+'$5%9'*8:$"%6""$&0$&"%5$%(.*&2%0$%

1$#2.&&$2%;! .397! 9:=48! 7:?6J=J@! 6A! 7B3L6=! H8! I<87=6:97! 3<EI<8AA87! 9:<7! 7:5587!

4JL<A6O48589=! ?:9>4:9=J7!P! Q! <9! =8A! F:69=! I<8! ?87! I<87=6:97! F43L53=6I<87! :9=! 7<7?6=J!

AB69=J4C=! H87! 7?689=6>6I<87*! $6976@! 6A! 8E67=8! <9! A34L8! ?:<439=! H8! 48?D84?D8! I<6! 7B87=!

69=J4877J@! 8=! I<6! 7B69=J48778! =:<G:<47! =4O7! 3?=6M8589=@! Q! A3! 5396O48! H:9=! 9:<7! 9:<7!

48F4J789=:97!8=!5396F<A:97!A87!9:5;487*!.397!?8!?D3F6=48@!G8!F4J789=8436!HB<98!5396O48!

LJ9J43A8!A87!J=<H87!I<6!><489=!589J87!H397!A8!;<=!H8!?343?=J46784!A3!93=<48!H8!?8!I<8!AB:9!

F:<4436=!3FF8A84!AB*&"'*"*.&%&'()#*+'$*!!

./#-/#!0#123421#56#!"#$%&'%()*+,"#63#767#89:;<976<97#

$<!HJ;<=!H<!M69L=6O58!76O?A8@!2:<4H:9!RSTUVW!78!F:736=!HJGQ!A3!I<87=6:9!H8!A3!93=<48!8=!

H8! A3! 7FJ?6>6?6=J! H8! 9:=48! 3FF4JD8976:9! H87! I<39=6=J7! I<6! 9:<7! 89=:<489=*! .397! <98!

J=<H8! 8EFA:43=:648@! 6A! 48F:4=3! I<B6A! F:<M36=! 367J589=! X! Q! 73M:64@! F4J?67J589=! 8=! =4O7!

43F6H8589=!X!HJ9:5;484!A3!I<39=6=J!H8!F:69=7!>:45J7!F34!A8!F3773L8!HB<9!436!H8!A<56O48!

3<!=43M847!H87!=4:<7!HB<98!>8<6AA8!H8!F3F684!:F3I<8!F:7J8!7<4!<98!>89C=48@!F:<4!3<=39=!

I<8! A8<4! 9:5;48! >Y=! 69>J468<4! Q! I<3=48*! )9! 8>>8=@! 3<ZH8AQ! H8! =4:67! F:69=7! A<5698<E@!

2:<4H:9! 48?:99<=! I<B6A! JF4:<M36=! H8! L439H87! H6>>6?<A=J7! Q! 3FF4JD89H84! A87! I<39=6=J7!

89=48! 8AA87@! 3A:47! I<B6A! 89! J=36=! ?:5FAO=8589=! ?3F3;A8! 89! H8[Q! H8! =4:67*! $! F34=64! H8! ?87!

:;784M3=6:97@! 6A! J56=! ABD\F:=DO78! 78A:9! A3I<8AA8! ABC=48! D<5369! F:77OH8! <9! 7\7=O58!

?:L96=6>! I<6! =436=8! A3!&'()#.2*")! X! ?B87=ZQZH648! AB69>:453=6:9! ?34H693A8! HB<9! 89785;A8!

(2)

!"#$#%&'()*+*,-%%&*!"./(0&)*)1)(2%&)*,-3'4(45)*64)/&$)*(0.4(&'(*$.*,-/$&/0*-/**&',-0&*$.*

5-0%&* !&)* #$#%&'()* !"/'&* ,-$$&,(4-'7* 802)* 4'3#'4&/)&%&'(9* :-/0!-'* ;-)(/$.* </&* ,&*

)1)(2%&*,-3'4(45*);#,454</&*./*(0.4(&%&'(*'/%#04</&*&)(*$4%4(#*./=*;&(4(&)*'/%#0-)4(#)9*

&(* </&* '-/)* '&* ;-/6-')* !2)* $-0)* ;&0,&6-40* &(* %.'4;/$&0* $&)* 30.'!&)* </.'(4(#)* </"./*

(0.6&0)*!"/'&*0&;0#)&'(.(4-'*.;;0-=4%.(46&*!&*,&$$&)>,47*

?/.0.'(&*.')*;$/)*(.0!9*$&)*,-',$/)4-')*(40#&)*;.0*:-/0!-'*5/0&'(*,-'5-0(#&)*;.0*

$"#(/!&* !&* @./5%.'9* A-0!9* B&&)&9* &(* C-$D%.''* EFGHGI7* J&)* ./(&/0)* !#,04640&'(* ;$/)*

)1)(#%.(4</&%&'(* $"&=4)(&',&* !&* !&/=* (1;&)* !&* %#,.'4)%&)* !&* 0&;0#)&'(.(4-'* !&)*

'-%K0&)*&(*!&)*</.'(4(#)7*L".;02)*&/=9*!.')*$&*,.)*-M*'-/)*)-%%&)*!.')*$"4%;-))4K4$4(#*

!&* !#'-%K0&0* &'(420&%&'(* $"&')&%K$&* ./</&$* '-/)* )-%%&)* ,-'50-'(#)* E;.0* &=&%;$&9*

;.0,&* </&* '-/)* '"&'* .6-')* ;.)* $&* (&%;)I9* '-/)* 5&04-')* .;;&$* )-4(* N* /'* %#,.'4)%&* !&*

!"#$%$!&%$'()*)4* $"&')&%K$&* ,-%;-0(&* ;&/* !"#$#%&'()9* )-4(* N* /'* )1)(2%&* !"+!%$,&%$'(*

'/%#04</&*)4*$"&')&%K$&*,-00&);-'!*N*/'&*$.03&*'/%#0-)4(#7*L.')*$&/0*#(/!&9*@./5%.'*

&(* )&)* ,-$$.K-0.(&/0)* EFGHGI* 5/0&'(* .))&O* 5-0(&%&'(* -;(4%4)(&)* </.'(* N* $.* (.4$$&* !&)*

'/%#0-)4(#)* </&* $"-'* ;-/00.4(* !"#$%$!+-9* ;/4)</"4$)* -'(* #%4)* $"P1;-(P2)&* </&* '-/)*

)-%%&)* ,.;.K$&)* !".;;0#P&'!&0* ;.0* )/K4(4).(4-'* Q/)</"N* )4=* #$#%&'()7* R$* )&%K$&0.4(*

(-/(&5-4)*</&*$.*)/K4(4).(4-'*)-4(*!.6.'(.3&*$4%4(#&9*,.0*$&)*!-''#&)*0#,&'(&)*6-'(*;$/(S(*

!.')*$&*)&')*!&)*4'(/4(4-')*!&*:-/0!-'*EFGTUI9*,"&)(>N>!40&*Q/)</"N*</.(0&*#$#%&'()*./*

%.=4%/%*EB&6D4'9*V4.OO.9*RO.0!9*J-P&'9*W*L&P.&'&9*XTTUI7*Y.$30#*,&((&*4%;0#,4)4-'9*Q&*

0&(4&'!0.4* ;04',4;.$&%&'(* !&* ,&)* .',4&''&)* #(/!&)* $"&%;P.)&* </&* $&)* ./(&/0)* .6.4&'(*

!#QN*%4)&*N*$"#;-</&*)/0*$"&=4)(&',&*!"/'&*,&0(.4'&*4'(/4(4-'*'/%#04</&*</4*'-/)*;&0%&(*

!&*'-/)*0&;0#)&'(&0*$&)*</.'(4(#)9*).')*</"4$*'&*'-/)*)-4(*'#,&)).40&*!&*$&)*,-%;(&07**

********************************************************

X*."#$%$/$(0*&'*.'3$.4)9*(&0%&*</&*$&)*./(&/0)*-'(*;0-;-)#*.54'*!&*0&'!0&*,-%;(&*!/*;0-,&))/)*

!".;;0#P&')4-'* 0.;4!&* &(* &=.,(&* !&* $.* '/%#0-)4(#* !"/'* &')&%K$&* ,-%;-0(.'(* (02)* ;&/*

!"#$#%&'()7*

(3)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$%! &'%! &()'**+'%! %,+-.*/'%0! 12,%+',$%! .,/',$%! %'! %#*/! 1'*)3(%! %,$! 2.!

&'%)$+1/+#*! '/! %,$! 24(/,&'! '51($+6'*/.2'! &'! )'//'! +*/,+/+#*! *,6($+7,'0! '/! +2%! #*/! .+*%+!

%,88($(! 7,'! *#,%! 1#%%(&'$+#*%! ,*! %9%/:6'! )#8*+/+;! &(&+(! .,! /$.+/'6'*/! &'! )'! 7,4+2%!

.11'2.+'*/! 2'!!"#$%&'"()!<=$.*>'$8! ?! @>#,&0! ABCBD! E#*'F*+! ?! G>>'%'*0! ABHCD! I.%+*0!

ABJKLM!N#,/';#+%0!+2!'%/!+61#$/.*/!&'!*#/'$!7,'!)'%!(/,&'%!)#*%+&($.+'*/!6.O#$+/.+$'6'*/!

)'! %9%/:6'! )#8*+/+;! )#66'! $'2'-.*/! ,*+7,'6'*/! &,! &#6.+*'! -+%,'2M! P$0! Q! 243',$'!

.)/,'22'0!2'%!)3'$)3',$%!%'!$(;:$'*/!12,%!)#66,*(6'*/!Q!24+*/,+/+#*!*,6($+7,'!%#,%!2'!

/'$6'! &'!*(+,- ."- !/#0%(1M! R'! /'$6'! ;,/! +*/$#&,+/! 1.$! S'3.'*'! <ABBHL0! 7,+! 2'! &(;+*+/!

)#66'!,*'!)./(8#$+'!&'!)#**.+%%.*)'%!>+#2#8+7,'6'*/!&(/'$6+*('%!7,+!1'$6'//'*/!&'!

$.1+&'6'*/!)#61$'*&$'0!.11$#5+6'$!'/!6.*+1,2'$!&'%!7,.*/+/(%!*,6($+7,'%!<S'3.'*'0!

TUUALM! G%%'*/+'22'6'*/0! '/! )#*/$.+$'6'*/! Q! 2.! *#/+#*! &'!!"#$%&'"(0! 2'! /'$6'!*(+,- ."-

!/#0%(!*'!%'!$(&,+/!1.%!.,!&#6.+*'!-+%,'2M!!

"'!*(+,-."-!/#0%(-'%/!&#*)!,*!1$#)'%%,%!)#8*+/+;!12,%!8(*($.20!'/!&'!*#6>$',%'%!

(/,&'%! '51($+6'*/.2'%! #*/! .2#$%! (/(! )#*&,+/'%! 1#,$! 1$()+%'$! %.! *./,$'! <-#+$! S'3.'*'0!

TUUB0!1#,$!,*'!$'-,'!$()'*/'LM!V2,%+',$%!.,/',$%!#*/!.+*%+!)#*;+$6(!1.$!&'%!6(/3#&'%!

12,%! $()'*/'%! 2'%! 391#/3:%'%! &'! W#,$&#*! <ABUJL! '/! &'! E.,;6.*! '/! %'%! )#22.>#$./',$%!

<ABXBL0! Q! %.-#+$! 7,'! *#,%! &+%1#%'$+#*%! &4,*'! +*/,+/+#*! *,6($+7,'! 7,+! %'! /$.&,+/! %#,%!

&',5! 6().*+%6'%! )#8*+/+;%! &+%/+*)/%!Y! 2.! %,>+/+%./+#*! '/! 24'%/+6./+#*! *,6($+7,'! <-#+$!

Z'+8'*%#*0!S'3.'*'0!?![1'2\'0!TUUX0!1#,$!,*'!$'-,'LM!V.$!'5'612'0!1.$6+!)'%!.,/',$%0!

S'3.'*'! '/! R#3'*! <ABBXL! #*/! 6+%! '*! (-+&'*)'! 24'5+%/'*)'! &4,*'! &#,>2'! &+%%#)+./+#*!

'*/$'!)'%!&',5!1$#)'%%,%!-+.!24.11$#)3'!*',$#1%9)3#2#8+7,'!D!12,%!1$()+%(6'*/0!+2%!#*/!

6#*/$(! 7,'! 24,*! &'! )'%! &',5! 6().*+%6'%! *,6($+7,'%! 1',/! ]/$'! )#612:/'6'*/! .//'+*/!

1.$!,*'!2(%+#*!)($(>$.2'!.2#$%!7,'!2'!%')#*&!'%/!'*/+:$'6'*/!1$(%'$-(0!'/!+*-'$%'6'*/M!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

K!!"#(%/",+(,,!'*!.*82.+%0!/'$6'!7,'!24#*!*'!$'/$#,-'!12,%!.)/,'22'6'*/!&.*%!2.!2+//($./,$'M!

X!!"#0(%-*(+,(!'*!.*82.+%M!

(4)

!"#$%#&&#$'()#*+,%-'"$.'**'('*#$/'".$)'&-/#0#"%$&#$)#"%-0#"%$,".-#"$123-&)$-04&-12#"%$

/#)$4*'.#))2)$.'5"-%-6)$#%$.7*7(*,28$-"/74#"/,"%)$&32"$/#$&3,2%*#9$

$ :,")$&#$.,/*#$/#$.#%%#$%;<)#=$>#$"#$037%#"/*,-$4,)$/,+,"%,5#$)2*$&#$4*'.#))2)$/#$

)2(-%-),%-'"9$ ?&$ #)%$ /3,-&&#2*)$ -"%7*#)),"%$ /#$ "'%#*$ @$ .#$ )2>#%$ 12#$ 4&2)-#2*)$ ,2%#2*)$ '"%$

*7.#00#"%$12#)%-'""7$&,$)47.-6-.-%7$/#$&,$)2(-%-),%-'"=$123-&)$.'")-/<*#"%$4&2%A%$.'00#$

*#&#+,"%$ 4&2)$ 57"7*,&#0#"%$ /32"$ 07.,"-)0#$ +-)2#&$ /3-"/-+-/2,%-'"$ /3'(>#%)=$ #%$ 12-$ "#$

)#*,-%$/'".$4,)$4*'4*#$,2$/'0,-"#$"207*-12#$BC-,DD,=$E20,*'&,=$F;-"#&&'=$G$H#&.;#*=$

IJKKL9$ C,*$ .'")712#"%=$ &,$ )2(-%-),%-'"$ "#$ *#"/*,-%$ 4,)$ "7.#)),-*#0#"%$ .'04%#$ /#$

%*,-%#0#"%$"207*-12#9$M2'-123-&$#"$)'-%=$>#$"#$/7+#&'44#*,-$4,)$.#$4'-"%$/,")$&,$4*7)#"%#$

%;<)#9$ N#$ 0#$ .#"%*#*,-$ 4&2%A%$ )2*$ &#$ 07.,"-)0#$ "207*-12#$ 12-$ "'2)$ 4#*0#%$

/3,44*7;#"/#*$ &#)$ &,*5#)$ "207*')-%7)$ B'2$ 12,"%-%7)$ "207*-12#)L9$ N#$ .'")-/7*#*,-$ .#$

07.,"-)0#$.'5"-%-6$/#$0,"-42&,%-'"$#%$/#$*#4*7)#"%,%-'"$/#)$&,*5#)$"207*')-%7)$#"$%,"%$

12#$ !"#$% &'% ()*+,"=$ (-#"$ 12#$ .#&2-O.-$ )'-%$ 4&2)$ )47.-6-12#0#"%$ ,44#&7$ PQ)%<0#$

/3R44*'8-0,%-'"$ S207*-12#$ B-(!.L$ /,")$ &,$ &-%%7*,%2*#9$ ?&$ 0#$ *#)%#$ /'".$ @$ 4*7.-)#*$ &,$

",%2*#$/#$.#$)Q)%<0#=$#%=$@$.#%%#$6-"=$>#$4*7)#"%#*,-$/,")$&,$)#.%-'"$)2-+,"%#$&#)$/'""7#)$

#847*-0#"%,&#)$12-$"'2)$4#*0#%%#"%$/#$&#$.,*,.%7*-)#*9$

'7#87#09#:9;<=>#?<#1>:@#?<#/ABC=>#

R+,"%$/#$/7.*-*#$&,$",%2*#$/2$!"#$%&'%()*+,"=$-&$#)%$-04'*%,"%$/#$.'04*#"/*#$/,")$12#&$

.'"%#8%#$.#%%#$"'%-'"$62%$#84')7#$4'2*$&,$4*#0-<*#$6'-)9$?&$Q$,$/-8$,")=$:#;,#"#$BIJJK$T$

IJJUL$4*'4'),$&3#8-)%#".#$/32"#$.#*%,-"#$,",&'5-#$/,")$&,$0,"-<*#$/'"%$"'2)$.'".#+'")$

&#)$"'0(*#)$0#"%,&#0#"%9$:3,4*<)$&2-=$"'2)$"'2)$*#4*7)#"%#*-'")$&#)$"'0(*#)$.'00#$

)3-&)$7%,-#"%$-").*-%)$%'2%$,2$&'"5$/32"#$/01#"%#'*2,03'"$0#"%,&#=$'*-#"%7#$)4,%-,&#0#"%$

/#$5,2.;#$@$/*'-%#=$#%$.'04*#))7#$)2*$2"#$7.;#&&#$&'5,*-%;0-12#9$F#%%#$'*5,"-),%-'"$/2$

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

V$-(!$4'2*$-44,)50*67"%('*+",%!8$7"*$#"$,"5&,-)9$

(5)

!"#$"%$#&'#%()*+"#,#-.#

!

!"#$% &'% ()*+,"! "#$$%"&! '%()*+&(,*-&+&(,! .#&! -&"! (%+/0&"! 1! '23#0&(,! )&! +*(240&!

2+$0562"&7!&,!*8&6!)9*#,*(,!$-#"!)92+$0562"2%(!-%0".#&!(%#"!)&8%("!(%#"!2+*32(&0!)&"!

(#+50%"2,5"!,04"!5-%23(5&"!)&!-9%0232(&!:-&!-.,);!)&!6&,,&!-23(&!+&(,*-&<!=%0%--*20&+&(,7!

-*! 0&$05"&(,*,2%(! )&"! 30*()"! (%+/0&"! "&0*2,! 2(,02("4.#&+&(,! *$$0%>2+*,28&<! ?%"!

6%((*2""*(6&"! )&"! (%+/0&"! "&0*2&(,! $*0! 6%("5.#&(,! @! -*! '%2"! 2((5&"7! +*2"! *#""2!

2+$0562"&"<!A&!)5,*2--&0*2!6&"!)&#>!*"$&6,"!)*("!-&"!"&6,2%("!"#28*(,&"<!

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

=%++&! B&! 82&("! )&! -92()2.#&07! -&"! $056#0"&#0"! )#! )%+*2(&! .#2! 58%.#*2&(,! -92)5&! )9#(&!

2(,#2,2%(!(#+502.#&!$*0,*2&(,!)#!$%",#-*,!.#&!6&--&C62!5,*2,!$*0,*35&!$*0!,%#"!-&"!D,0&"!

E#+*2("! :6%++&! -&! 'F,! G%#0)%(7! HIJK;<! =&! (9&",! .#9@! $*0,20! )&! -*! "&6%()&! +%2,25! )#!

82(3,24+&!"246-&!.#9%(!*!6E&06E5!@!*$$%0,&0!)&"!$0&#8&"!&>$502+&(,*-&"!"#0!-&!6*0*6,40&!

2((5!)&!6&!!"#$%&'%()*+,"<!L*("!#(!$0&+2&0!,&+$"7!-&"!*#,&#0"!%(,!,&(,5!)&!6*0*6,502"&0!

-&!!"#$%&'%()*+,"!82*!"%(!2(8&",23*,2%(!6E&M!-9*(2+*-7!6%("2)50*(,!.#&!-9%/"&08*,2%(!)&!

-9&>2",&(6&! )9#(! ,&-! "1",4+&! 6%3(2,2'! 6E&M! -9*(2+*-! 2()2.#&! .#92-! (9&",! -25! @! *#6#(&!

2('-#&(6&!6#-,#0&--&!E#+*2(&7!&,!.#9%(!$&#,!)4"!-%0"!-&!6%("2)50&0!6%++&!2((5<!N*0+2!6&"!

"62&(,2'2.#&"7! O&6E(&0! :HIPK;! '#,! -9#(! )&"! $0&+2&0"! @! 0*$$%0,&0! .#&! )&"! 0*,"! )&!

-*/%0*,%20&!&(,0*2(5"!@!*$$#1&0!"#0!#(&!,%#6E&!#(!6&0,*2(!(%+/0&!)&!'%2"!&(!'%(6,2%(!

)9#(&! ",2+#-*,2%(! &>,502&#0&! &>&0Q*2&(,! &''&6,28&+&(,! "#0! 6&,,&! ,%#6E&! #(! (%+/0&! )&!

$0&""2%("!6%00&"$%()*(,!$&#!%#!$0%#!@!6&,,&!",2+#-*,2%(<!!

! N-#"! $*0,26#-240&+&(,7! O&6E(&0! *! +%(,05! .#&! -*! 6*)&(6&! )&! -*! ",2+#-*,2%(!

&>,502&#0&! 2('-#&(Q*2,! (%(! "&#-&+&(,! -&! (%+/0&! )&! $0&""2%("! %$505&"! $*0! -&! 0*,7! +*2"!

&--&! 5,*2,! 53*-&+&(,! -25&! @! -*! 8*02*/2-2,5! )&! -*! 05$%("&! )&! -9*(2+*-<! R(! )9*#,0&"! ,&0+&"7!

O&6E(&0!%/"&08*!.#&!-&"!0*,"!5,*2&(,!6*$*/-&"!)9*$$0%>2+&0!-*!(#+50%"2,57!+*2"!6&#>C62!

5,*2&(,!)&!$-#"!&(!$-#"!2+$0562"!-%0".#92-"!)&8*2&(,!05$%()0&!@!#(&!.#*(,2,5!)&!$-#"!&(!

(6)

!"#$%&'()*+,%-+$%./$+'0(12.)$%3#'+)1%4.''./.'5+$%6#+"6#+$%())5+$%!"#$%1('*%!('%7"(11%+1%

8.9)$.)%:;<=;>?%02(%"+%'+4.#'$%@%#)%!('(*2&A+%*+%4.)*212.))+A+)1%.!5'()1,%B2)$2?%4+$%

*+$4'2!12.)$%4.)$2$1()1+$%*#%4.A!.'1+A+)1%*#%'(1%.)1%A2$%+)%502*+)4+%6#+%4+"#2C42%+$1%

4(!(/"+% *D+$12A+'% "(% 6#()1215% )#A5'26#+% *D#)+% "('&+% )#A5'.$215% +1% *+% !'.*#2'+% #)+%

'5!.)$+%/($5+%$#'%4+11+%'+!'5$+)1(12.)%)#A5'26#+?%/2+)%6#+%4+""+C42%$.21%2A!'542$+,%%

ED(#1'+$%()2A(#F%3.)1%5&("+A+)1%!'+#0+%*D#)+%4+'1(2)+%$+)$2/2"215%(#F%).A/'+$,%

7('%+F+A!"+?%"+$%$2)&+$%54#'+#2"$%!+#0+)1%*2$4'2A2)+'%*+$%+)$+A/"+$%*+%!.2)1$%+)1'+%+#F?%

+1% 2"$% $.)1% *D(#1()1% A+2""+#'$% ".'$6#+% "+$% )#A5'.$215$% *+% 4+$% 4.""+412.)$% $.)1%

$#332$(AA+)1%*2$1()1+$%"D#)+%!('%'(!!.'1%@%"D(#1'+%:G9.A($?%H.I"J+$?%K%L24J+'M?%;<NO>,%

7"#$% '54+AA+)1?% P2+*+'% +1% Q2""+'% :ROOS% T% ROOU>% .)1% '(!!.'15% *+$% *.))5$%

4.A!.'1+A+)1("+$?%.4#".A.1'24+$%+1%5"+41'.!9M$2.".&26#+$%49+V%"+%$2)&+%'95$#$%6#2%0.)1%

+""+$%(#$$2%*()$%"+%$+)$%*+%"D+F2$1+)4+%*D#)+%4.A!51+)4+%)#A5'26#+%49+V%"+$%()2A(#F,%W)%

+33+1?% (#C*+"@% *+% "D./$+'0(12.)% *+% "(% 4.A!51+)4+% *+% *2$4'2A2)(12.)% )#A5'26#+?% 4+$%

(#1+#'$% %.)1% ).1(AA+)1% 51(/"2% 6#+% "+$% ()2A(#F% )+% 3.4("2$(2+)1% !($% "+#'% '+&('*% $#'%

49(6#+% !.2)1?% 4+% 6#2% $#&&X'+% 6#D2"$% (!!'59+)*(2+)1% "(% 6#()1215% *D5"5A+)1$% *()$% "(%

4.""+412.)% $()$% "+$% 4.A!1+',% W)% .#1'+?% 4+$% (#1+#'$% .)1% A.)1'5% 6#+% "D(4120215%

5"+41'.!9M$2.".&26#+% *#% 4.'1+F% !'53'.)1("% *#% $2)&+% Y% A+$#'5+% *#'()1% "(% 1Z49+% @% "D(2*+%

*D5"+41'.*+$% 2)1'(4'Z)2+))+$% Y% !'5$+)1(21% *+$% 4.#'/+$% *D(4120(12.)% *.)1% "+$% $+#2"$%

(#&A+)1(2+)1% "2)5(2'+A+)1% :$#'% #)+% 549+""+% ".&('219A26#+>% (0+4% "(% *2$1()4+% +)1'+% "+$%

)#A5'.$215$% *2$4'2A2)5+$,% ["% +$1% 2A!.'1()1% *+% ).1+'% 6#+% 4+$% *.))5+$%

5"+41'.!9M$2.".&26#+$% 3#'+)1% !('A2% "+$% !'+A2X'+$% @% A+11'+% +)% 502*+)4+% #)+% '5!.)$+%

45'5/'("+%'+"(120+%$!542326#+A+)1%(#F%!'.4+$$#$%*+%*2$4'2A2)(12.)%*+%"(%)#A5'.$215,%%

B%4.15%*+%4+$%51#*+$?%#)+%4+'1(2)+%$+)$2/2"215%@%"(%)#A5'.$215%(%515%'(!!.'15+%49+V%

*+% ).A/'+#$+$% +$!X4+$?% 4.AA+% "+% 492+)% :\+$1% K% ].#)&?% ROOR>% .#% "+% *(#!92)% :^2"2()?%

H+'$+)?%K%_`)1`'J`)?%ROOa>?%$()$%6#D+""+%)+%$.21%$!542326#+%(#F%A(AA23X'+$,%b+%!"#$%&'%

(7)

!"#$"%$#&'#%()*+"#,#-.#

!

!"#$%&! "! #$! #%%#&! '&'! ()*#+,'! -.#/! 0#*! 123#($*! 45()#+&*6! 7898:! (;! #$-(+#6! -.#/! 0#*!

1(2**($*! 4<3+200(6! =20#&&(! >#&+"//2$26! ?"302"12#&+"6! @! A2*"//"6! 7897:B! ?(;*! 0#*! "$2C";D!

1(**'E#+"2#$&! E($-! ;$#! *#$*2)202&'! ";! $;C'+2F;#!G! $'"$C(2$*6! E"$*! 0#! -"E+#! E#! 0"!

1+'*#$&#! &.H*#6! I#! $#! E',#0(11#+"2! 1"*! E","$&"3#! -#&&#! 02&&'+"&;+#! "$2C"0#! 4,(2+! 1"+!

#D#C10#!5J")K(!@!5#/$2K(,"6!78996!1(;+!;$#!+#,;#!+'-#$&#:B!!

L#!$M#*&!*#;0#C#$&!E#1;2*!;$#!E2/"2$#!EM"$$'#*!F;#!0"!1*J-.(0(32#!#D1'+2C#$&"0#!

*M#*&! "&&"-.'#! N! %(;+$2+! E#*! "+3;C#$&*! #$! %",#;+! E#! 0M#D2*&#$-#! 2$$'#! E#! -#! O#$*! E;!

P(C)+#! -.#/! 0MQ(CC#! R! (;! 10;&S&6! -.#/! 0#! I#;$#! #$%"$&B! ! T$! 78886! U;! #&! O1#0K#! ($&!

()*#+,'! 0#! -(C1(+&#C#$&! E#! $(;++2**($*! V3'*! EMN! 1#2$#! W! C(2*6! ";DF;#0*! #00#*! ($&!

1+'*#$&'! *;--#**2,#C#$&! 10;*2#;+*! -(00#-&2($*! E#! 1(2$&*B! T$! +'"02&'6! 0#*! #$*#C)0#*!

1+'*#$&'*6! )2#$! F;M'&"$&! ,2*;#00#C#$&! E2%%'+#$&*6! 1(;,"2#$&! -(C1(+&#+! *(2&! .;2&! 1(2$&*6!

*(2&! *#2/#! 1(2$&*B! X(+*F;#! 0#*! ";&#;+*! 1+'*#$&"2#$&! *2D! %(2*! 0"! CYC#! $;C'+(*2&'6! 0#*!

$(;++2**($*! +'"32**"2#$&! 1#;6! 1;2*F;M20*! *MJ! '&"2#$&! .")2&;'*B! T$! +#,"$-.#6! 0(+*F;M#00#*!

0#;+! C($&+"2#$&! N! 0"! *2D2HC#! 1+'*#$&"&2($! 0"! *#-($E#! $;C'+(*2&'6! 0#*! $(;++2**($*!

+'"32**"2#$&!"0(+*6!-#!F;2!*;33H+#!F;M20*!","2#$&!)#0!#&!)2#$!E'&#-&'!;$!-."$3#C#$&!E#!0"!

F;"$&2&'! $;C'+2F;#B! L#*! +'*;0&"&*! C($&+#$&! "2$*2! F;#! E#! &+H*! I#;$#*! #$%"$&*! *($&! E'IN!

-"1")0#*! E#! E2*-+2C2$#+! E#*! -(00#-&2($*! E#! 1(2$&*! ;$2F;#C#$&! *;+! )"*#! E#! 0#;+!

$;C'+(*2&'B! X#*! $(;++2**($*! 1(**HE#+"2#$&! E($-! &(;*! ;$#! *#$*2)202&'! ";D! F;"$&2&'*!

$;C'+2F;#*6! -#! F;2! -($*&2&;#! ;$! "+3;C#$&! #$! %",#;+! E;! -"+"-&H+#! 2$$'! E;!'&!() *+) ,"#$%&B! L#1#$E"$&6! 20! #*&! 2C1(+&"$&! E#! $(&#+! F;#! U;! #&! O1#0K#! $M($&! ()&#$;! ";-;$#!

+'"-&2($!E#*!$(;++2**($*!0(+*F;M#00#*!0#;+!1+'*#$&"2#$&!E#!0"!CYC#!%"Z($!*(2&!.;2&!1(2$&*6!

*(2&!E(;/#!1(2$&*B!T$!#%%#&6!E"$*!-#&&#!*2&;"&2($!([!0#!+"&2(!#$&+#!0#*!$;C'+(*2&'*!#*&!10;*!

%"2)0#6! 0#*! I#;$#*! #$%"$&*! $#! 1(;,"2#$&! 1"*! 0#*! E2*&2$3;#+! #$&+#! #00#*B! X#*! ";&#;+*! ($&!

E($-! -($-0;! F;#! 0"! *#$*2)202&'! 2$$'#! ";D! C"3$2&;E#*! $;C'+2F;#*! #*&! 02C2&'#! ";D!

$;C'+(*2&'*!'0(23$'#*!4";&+#C#$&!E2&6!%(+&#C#$&!E2*-+2C2$")0#*!#$&+#!#00#*:B!!

(8)

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

,/#0+*+0&3*$#'(()#,$#0$#%4%&35$#01-('&'6#(/5)*'./$#07$8#"29155$#$(#'(:$%&'-/+(&#0$&&$#

./$%&'1(#,+(%#/($#;$*%;$0&':$#'(&$*0/"&/*$""$#$&#'(,);$(,+(&$#,/#"+(-+-$<#=($#0)"3>*$#

)&/,$# 5$()$# ;+*# ?'0+@# A$5$*@# !8+*,# $&# B$7+$($# CDEEFG# +/;*3%# ,2/($# ;1;/"+&'1(#

+5+81('$(($#C"$%#!"#$"%"&'G#./'#($#,'%;1%$#;+%#,$#51&%#('#,$#%45>1"$%#;1/*#,)%'-($*#

;*)0'%)5$(&#"$%#(15>*$%#+/H,$"I#,$#0'(.@#+#51(&*)#./$#"$%#'(,'-3($%#%1(&#5+"-*)#&1/&#

0+;+>"$%# ,2$%&'5$*# ,$# "+*-$%# (/5)*1%'&)%# $&# ,$# "$%# 015;+*$*# $(&*$# $""$%<# J*K0$# I# "$/*#

()#*+ $"+ ,-./%)@# "$%#!"#$"%"&'# ;+*:'$(($(&# +'(%'# I# 5+(';/"$*# $&# I# %$# *$;*)%$(&$*# "+#

,'5$(%'1(#(/5)*'./$#,$%#1>L$&%@#,$#5+('3*$#,'%%10')$#,$%#+/&*$%#'(,'0$%#:'%/$"%#C&$"%#

./$#"+#&+'""$#,$%#)")5$(&%#1/#"$/*#,$(%'&)#+/#%$'(#,$#"+#01""$0&'1(G<#M(#,2+/&*$%#&$*5$%@#0$#

%4%&35$# (/5)*'./$# '(()# ,1(($*+'&# I# "2N&*$# 7/5+'(# "2'(&/'&'1(# ,$# "2$O'%&$(0$# ,2/(#

;*'(0';$#,21*,'(+"'&)#$(&*$#"$%#(/5)*1%'&)%#%+(%#;1/*#+/&+(&#01((+P&*$#"$/*#0+*,'(+"'&)#

$O+0&$# C0$# ./'# (/+(0$# "274;1&73%$# %$"1(# "+./$""$# 0$%# ,$/O# (1&'1(%# %$*+'$(&# 61*&$5$(&#

"')$%#,+(%#(1&*$#01(0$;&'1(#,/#(15>*$@#?'+-$&#Q#R8$5'(%S+@#TUFT#V#:1'*#+/%%'#W/*01('@#

X$5$"@#Y1%%'1(@#Q#R$*1(@#DEEF#V#;1/*#,$%#,1(()$%#)"$0&*1;74%'1"1-'./$%G<##

W1/&$61'%@#'"#6+/&#*$"+&':'%$*#"$%#,1(()$%#,$#?'0+#$&#%$%#01""+>1*+&$/*%#CDEEFG@#,+(%#

"$#%$(%#1Z#"$%#!"#$"%"&'+)&+'$(&#>'$(#51'(%#;*)0'%#$(#,'%0*'5'(+&'1(#(/5)*'./$#./$#($#

"$#%1(&#,$%#+,/"&$%#+4+(&#)&)%#%01"+*'%)%#C:1'*#+/%%'#[4%#$&#+"<@#DET\#V#?'+88+@#?'0+@#!8+*,@#

R;$"S$@#Q#B$7+$($@#DET\G<##]+"-*)#0$&&$#;"/%#-*+(,$#'5;*)0'%'1(@#"$%#+/&$/*%#0"+53*$(&#

./$#0$#($#%1(&#;+%#&+(&#"$%#,'66)*$(0$%#'(&$*0/"&/*$""$%#./'#'5;1*&$(&@#5+'%#0$#%1(&#;"/&^&#

"$%# %'5'"'&/,$%# $(&*$# "$%# ,$/O# ;1;/"+&'1(%# ./'# ;*):+"$(&<# M(# $66$&@# "$%# ,$/O# -*1/;$%#

;*)%$(&+'$(&# /(# 5N5$# ;+&&$*(# ,$# ;$*61*5+(0$#_# '"%# 1>&$(+'$(&# ,2$O0$""$(&$%#

;$*61*5+(0$%#"1*%./$#"$#*+&'1#$(&*$#"$%#,$/O#01""$0&'1(%#,$#;1'(&%#)&+'&#-*+(,#C02$%&HIH ,'*$# "1*%./$# "$%# (/5)*1%'&)%# )&+'$(&# )"1'-()$%# "2/($# ,$# "2+/&*$G@# 5+'%# "+# ;*)0'%'1(# ,$#

"$/*%#*);1(%$%#,'5'(/+'&#"1*%./$#"$#*+&'1#%$#*),/'%+'&#C02$%&HIH,'*$#"1*%./$#"$%#./+(&'&)%#

(9)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$%&'#! ()*+,&-./! 0! +&! #%#)&1! %2! &-#! %3(*)#$'#! 4&! )$((&2&)! 56&! +&##&! -%7'$#6)&! 4&!

28%3()"+%-%*'!9!56%!&-#!:*'+#%*'!46!)$#%*!&'#)&!2&-!56$'#%#"-!'63")%56&-!9!$;$%#!4"<=!"#"!

)$((*)#"&! ($)! >6! &#! ?(&2@&! ABCCC.! +,&D! 2&! '*6))%--*'! &#! ($)! E%&4&)! &#! F%22&)! ABCCG! H!

BCCI.!+,&D!2&!-%'7&/!J$)!+*'-"56&'#1!2&!!"#$%&'%()*+,"!-&!+$)$+#")%-&!($)!-*'!+$)$+#K)&!

%''"!&#!($)#$7"!($)!4&!'*3L)&6-&-!&-(K+&-!&#!$6!-&%'!4&!+&22&-M+%1!3$%-!%2!-&!+$)$+#")%-&!

"7$2&3&'#!($)!2$!-%7'$#6)&!-("+%:%56&!4&!-*'!%3()"+%-%*'/!

!"#$"#$"#%&#'(')*+,#-./&0)01#0+234-0'#

N6M4&2=! 4&! -*'! +$)$+#K)&! %''"1! +8&-#! L&2! &#! L%&'! 28%3()"+%-%*'! 56%! &-#! 2$! +$)$+#")%-#%56&!

()%'+%($2&! 46! -O-#K3&! 48$(()*P%3$#%*'! '63")%56&/! Q*'4$3&'#$2&3&'#1! +&##&!

%3()"+%-%*'!-6%#!6'&!;$)%$L%2%#"!-+$2$%)&!R!2$!;$)%$L%2%#"!4&-!)&()"-&'#$#%*'-!'63")%56&-!

$673&'#&!2%'"$%)&3&'#!$;&+!2$!7)$'4&6)!4&-!'63")*-%#"-!AS%LL*'1!TUVV./!N6#)&3&'#!4%#1!

2&-!)&()"-&'#$#%*'-!'63")%56&-!2&-!(26-!(&#%#&-!-*'#!(&6!;$)%$L2&-1!#$'4%-!56&!+&22&-!4&-!

7)$'4-! '*3L)&-! -*'#! #)K-! ;$)%$L2&-/! 0! ($)#%)! 4&-! 4&-+)%(#%*'-! 46! +*3(*)#&3&'#!

48&-#%3$#%*'!'63")%56&!+,&D!2&!)$#!56&!<8$%!+%#"&-!()"+"4&33&'#!AF&+,'&)1!TUWX!H!J2$##!

Y! Z*,'-*'1! TUVT.1! S%LL*'! ATUVV.! $! "3%-! 28,O(*#,K-&! -&2*'! 2$56&22&! 2$! :*'+#%*'!

(-O+,*(,O-%56&!56%!3*4"2%-&!2&!3%&6P!+&-!&-#%3$#%*'-!-6%#!2$!2*%!4&![&L&)MQ&+,'&)1!=!

-$;*%)!6'&!:*'+#%*'!-*6-!2$!:*)3&!\!]!-!2*7A^.1!*_!2$!-&'-$#%*'!(&)`6&!A\!.!4"(&'4!486'&!

+*'-#$'#&!A-.!&#!46!2*7$)%#,3&!4&!28%'#&'-%#"!4&!2$!-#%362$#%*'!A^./!!

a$! 2*%! 4&! [&L&)MQ&+,'&)! #)$46%#! -%3(2&3&'#! 28$673&'#$#%*'! ()*(*)#%*''&22&! 4&!

2$! ;$)%$L%2%#"! 4&! 2$! (&)+&(#%*'! &'! :*'+#%*'! 4&! 2$! 7)$'4&6)! (,O-%56&! 4&! +&22&M+%/! b'!

48$6#)&-!#&)3&-1!(26-!2$!-#%362$#%*'!&-#!7)$'4&1!(26-!&22&!&-#!(&)`6&!$(()*P%3$#%;&3&'#/!

c&##&!2*%!)"-63&!4*'+!L%&'!2&!+*3(*)#&3&'#!48&-#%3$#%*'!)$((*)#"!+,&D!2&!)$#!AS%LL*'1!

TUVV./! c*'+&)'$'#! 2&-! ,$L%2&#"-! '63")%56&-! 4&! 28d#)&! ,63$%'1! ;$'! e&::&2&'! &#! f*-!

ATUXB.!:6)&'#!2&-!()&3%&)-!=!3*'#)&)!56&!'*#)&!+*3(*)#&3&'#!48&-#%3$#%*'!'63")%56&!

(10)

!"#$% &"#% '"!!#% "()% *#!$+#,"$#-(% ."#% -,/#$% 0% &'% &-#% *)% 1),)+23)45()+6% 7'% 898)% '((/):%

;+")<)+% =>?@AB% +'CC-+$'% *)!% +/!"&$'$!% !#8#&'#+)!:% )$% #&% 8#$% )(% 'D'($% ."E)(% C&"!% *)%

&E#8C+/4#!#-(% *)% (-!% C)+4)C$#-(!:% (-"!% 'D-(!% $)(*'(4)% 0% !-"!2)!$#8)+% &)!% <+'(*)!%

("8/+-!#$/!6%F()%#&&"!$+'$#-(%*)%4)$$)%'"<8)($'$#-(%*)%&'%D'+#',#&#$/%*)%(-!%)!$#8'$#-(!%

)(%G-(4$#-(%*)%&'%("8/+-!#$/%0%)!$#8)+%)!$%G-"+(#)%*'(!%&'%3#<"+)%>6%%

%

789:;<# =># '??:@A;BA8CD# E<# ?FB:9G<DABA8CD# E<# ?B# HB;8BI8?8AJ# E<@# <@A8GBA8CD@# <D# KCDLA8CD# E<# ?B#

D:GJ;C@8AJ# E:# DCGI;<# M# <@A8G<;># NOBP:<# QC8DA# LC;;<@QCDE# M# ?B# GCR<DD<# E<@# <@A8GBA8CD@# QC:;#

LOBP:<#D:GJ;C@8AJS#?FB8;<#B:AC:;#E<#L<@#QC8DA@#;<Q;J@<DA<#?FJLB;A5ARQ<#E<@#<@A8GBA8CD@S#<A#?B#?89D<#

QC8DA8??J<# 8DE8P:<# ?F<@A8GBA8CD# QB;KB8A<># 0<@# ECDDJ<@# Q;J@<DAJ<@# @CDA# ;J<??<@# <A# @CDA# 8@@:<@# E<#

?FJA:E<#E<#6:8??B:G<S#6<H<;@#<A#NCDA<DA#T!"=UV>#

7'% &-#% *)% 1),)+23)45()+% C)+8)$% '#(!#% *)% 4'+'4$/+#!)+% &'% 8'(#H+)% *-($% &)!% '(#8'"I:% J%

4-8C+#!%&)!%9$+)!%5"8'#(!:%C)+K-#D)($%&)!%."'($#$/!%("8/+#.")!6%L'(!%&'%4-($#("#$/%*)!%

/$"*)!% C+/4/*)($)!:% 15'&)(:% M'&&#!$)&% )$% M)&8'(% =>???B% -($% 8-*/&#!/% &)!% )!$#8'$#-(!%

("8/+#.")!%*)%&)"+!%C'+$#4#C'($!%'*"&$)!%)$%-($%4-8C'+/%4)!%*-((/)!%0%4)&&)!%*)%N&'$$%)$%

O-5(!-(%=>?P>B%+/4-&$/)!%45)Q%&)%+'$6%R)%G'#!'($:%15'&)(%)$%!)!%4-&&',-+'$)"+!%=>???B%-($%

8-($+/% .")% &)!% )!$#8'$#-(!% *)!% (-8,+)!% 45)Q% &ES-88)% !-($% 0% &'% G-#!% ."'&#$'$#D)8)($%

T!$#8'$#-(%

U-8,+)%0%)!$#8)+%

(11)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$%! #&%%$! '&#()$)#)$*+"+()! %$"$,#$-+%! .! /+,,+%! 0+%! #($"#&12! 3&)-+"+()! 0$)4! ,+%! -#)%!

%+-#$+()!#&%%$!5+-67-"#()%!'&+!(7&%!57&-!#55-89+(0+-!0+!,#-:+%!'&#()$)8%!(&"8-$'&+%2!

;! ,#! *&+! 0+! /+%! %$"$,$)&0+%! #&! ($*+#&! 5+-/+5)$64! ,7-%'&<$,! 08/-$*$)! ,+!!"#$% &'% ()*+,"4!

=+9#+(+! >?@@A!B! ?@@CD! 5-757%#! #%%+E! (#)&-+,,+"+()! 0+! /#-#/)8-$%+-! ,#! (#)&-+! 0+%!

/7(/+5)$7(%!(&"8-$'&+%!0+%!,#-:+%!(&"8-7%$)8%!/9+E!,<F)-+!9&"#$(!+(!67(/)$7(!0+!,#!,7$!

0+!G+H+-IJ+/9(+-2!!

!

/01234# -5# 6772893:90;<# 8=>?@:90A24# B4# 7C:=90D:90;<# B4# 7:# 34E3?84<9:90;<# @4<9:74# BC2<# <;@F34# 4<#

G;<=90;<#B4#8:#<2@?3;809?5#!48#E49098#<;@F348#E3?84<94<9#2<#E0=#BC:=90D:90;<#E728#?74D?#49#B;<9#7:#

D:30:F0709?#489#G:0F74H#=4#A20#0@E70A24#E42#B4#34=;2D34@4<9#4<934#748#B0GG?34<948#34E3?84<9:90;<85#

"<# 34D:<=>4H# 748# <;@F348# ?74D?8# E;88IB4<9# B48# 34E3?84<9:90;<8# E728# 0@E3?=0848H# =4# A20# =3?4# 2<#

34=;2D34@4<9#4<934#=48#B43<0I3485#

;! 5#-)$-! 0+%! )-#*#&1! 0+! K$HH7(! >ALMMD4! =+9#+(+! >?@@AD! 08*+,755#! 5,&%! #*#()!

,<9N57)9O%+!%+,7(!,#'&+,,+!,+%!-+5-8%+()#)$7(%!(&"8-$'&+%!%7()!/7"5-+%%8+%!#&!($*+#&!

/8-8H-#,4! /7""+! %$! +,,+%! 8)#$+()! $(%/-$)+%! %&-! &(+! %7-)+! 0+! ,$:(+! (&"8-$'&+! "+()#,+!

,7:#-$)9"$'&+! >/+! '&$! /7--+%57(0! #&1! 07((8+%! 8,+/)-759N%$7,7:$'&+%! 0+! P$+0+-! Q!

R$,,+-4! ?@@CD2! S#! J$:&-+! ?! -8%&"+! %/98"#)$'&+"+()! /+))+! 7-:#($%#)$7(! 0+%!

-+5-8%+()#)$7(%! "+()#,+%! #%%7/$8+%! .! /9#'&+! (&"8-7%$)82! =#(%! /+,,+I/$4! ,+%! 5+)$)+%!

!!!3/)$*#)$7(!0+!,#!-+5-8%+()#)$7(!

!!!!!!!!!!!!!!!!!!!!P&"8-7%$)8!

(12)

!"#$%&%'()*$+*$,-*$%)"$*)#.%&/#%&0$),").0$.*1%)$"2'-&!"*)13"()1-'.&(*)*%)13"().*$%-'*4)

%#$,&() !"*) 3*() +-#$,() $025-*() #.%&/*$%) ,*() -*1-'(*$%#%&0$() 13"() ,&66"(*(7) 83) *(%)

&210-%#$%) ,*) -*3*/*-) !"*) 10(%"3*-) 39*:&(%*$.*) ,9"$*) %*33*) 0-+#$&(#%&0$) 2*$%#3*) -*$,) .021%*),*),*":)1;'$02<$*(7))

=0"%) ,9#50-,4) .*) 10(%"3#%) *:13&!"*) 10"-!"0&) 3*() 1*%&%() $025-*() (0$%) 13"() 6#.&3*2*$%),&(.-&2&$#53*()*$%-*)*":)!"*)$*)3*)(0$%)3*()+-#$,()$025-*()>.*)!"&).0$(%&%"*) ,9#&33*"-()"$*)&$%*-1-'%#%&0$)#3%*-$#%&/*)#":)1-0.*(("(),*)("5&%&(#%&0$),*)?#"62#$)*%)#374)

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

!"*)("-),*().;&66-*()#-#5*()>L0G*-)M)J#$,#"*-4)@ANOC7)P#-).0$('!"*$%4).*%%*);G10%;<(*) ,90-+#$&(#%&0$)*$)3&+$*)$"2'-&!"*)*(%)2#Q0-&%#&-*2*$%)#,2&(*)#")(*&$),*)3#)3&%%'-#%"-*4) 5&*$) !"*) .*-%#&$() #"%*"-() 3#) .-&%&!"*$%) *$.0-*) #"Q0"-,9;"&) >1#-) *:*213*4) R#$%*$() M) S*/*-(4)FTTU)H)/0&-)VWX*Y4)FT@@4)10"-)"$*)-*/"*C7)

! J*)!"#$% &'% ()*+,") (*-#&%) ,0$.) ("110-%') #") $&/*#") .0+$&%&6) 1#-) "$) (G(%<2*) ,9#11-0:&2#%&0$)$"2'-&!"*)!"&)2#$&1"3*)3*().0$.*1%()2*$%#":),*()$025-*(),*)13"()*$) 13"()&21-'.&(7)Z-).*)(G(%<2*)$9*(%)1#()&22"#53*7)P#-)*:*213*4)[")*%)\--&#+#)>FTTOC)0$%) 20$%-') !"*) (0$) &21-'.&(&0$) ,&2&$"*) %0"%) #") 30$+) ,*) 3#) 1-*2&<-*) #$$'*) ,*) 3#) /&*)]) 3*()

$0"--&((0$() !"&) $*) ,&(.-&2&$#&*$%) 1#() U) ,*) @F) ^) N) 20&() >[") *%) R1*3_*4) FTTTC) *$) (0$%)

(13)

!"#$"%$#&'#%()*+"#,#-.#

!

"##"$%&'"(")%! $*+*,-".! /! 01! (2&.3! 4)! 25%6"7! $"%%"! (*%56*%&2)! ."! +256.5&'6*&%! 85.95:/!

,&")!+-5.!%*6;!;*).!-"!;<'"-2++"(")%!=")'&62)!01!*).7!;:*+6>.!?*-,"6;*!"%!@"&A").2)7!

B11CD3! 4)! ;:*5%6".! %"6(".7! ")! A6*);&..*)%7! -:")#*)%! ;"'&")%! ;"! +-5.! ")! +-5.! +6<$&.!

-26.95:&-! ;2&%! ;&.$6&(&)"6! ;".! )5(<62.&%<.! ")%6"! "--".3! E*! +6<$&.&2)! ;"! $"! .F.%>("!

*++62G&(*%&#!."!(*&)%&");6*&%!/!.2)!)&'"*5!2+%&(*-!85.95:/!-:HA"!;"!I1!*).7!+5&.!$"--"J$&!

;<$-&)"6*&%! +62A6"..&'"(")%! *'"$! -"! '&"&--&.."(")%! $2A)&%&#! =?*-,"6;*7! EF7! K&-("67!

L*&(*)7! M! N"6(&)"7! B10BD3! L<*)(2&).7! &-! ):F! *! +*.! ;"! '2&"! ;<'"-2++"(")%*-"! %6*$<"!

2)%2A<)<%&95"(")%7! +5&.95"! O&*PP*! "%! .".! $2--*,26*%"56.! =B101D! 2)%! (2)%6<! 95:5)!

$"6%*&)! 6"%*6;! ;<'"-2++"(")%*-! 95*)%! /! -*! (*%56*%&2)! ;"! $"! .F.%>("! $2A)&%&#! +"5%!

"G&.%"63!O*6!*&--"56.7!Q"K&);!"%!R6*))2)!=B10BD!2)%!(2)%6<!95"!-:2)!+"5%!")%6*S)"6!-*!

+6<$&.&2)! ;"! $"! .F.%>("! )5(<6&95"! *++62G&(*%&#! *#&)! ;:")! *##&)"6! -".! 6"+6<.")%*%&2).!

(")%*-".3! O*6! $2).<95")%7! -:")."(,-"! ;"! $".! <%5;".! $2)#&6("! 95"! -"!!"#$% &'% ()*+,"7!

,&")! 95:26&A&)"--"(")%! %6>.! &(+6<$&.7! +"5%! .:*(<-&26"6! *'"$! -"! ;<'"-2++"(")%! "%!

-:")%6*S)"(")%3!Q*).!-*!."$%&2)!.5&'*)%"7!8"!6"-*%"6*&!-".!<%5;".!95&!."!.2)%!&)%<6"..<".!

*5G!,*.".!$<6<,6*-".!;"!$"!.F.%>("!;:*++62G&(*%&2)!)5(<6&95"3!

/0#.0#!1#$123#45#%67891#:5#2;<1:5#=>9>89:?#

O5&.95"! -"!!"#$% &'% ()*+,"! ".%! 5)! .F.%>("! $2A)&%&#! &))<7! +6<.")%! $T"P! %25.! -".! U%6".!

T5(*&).7! +-5.&"56.! *5%"56.! 2)%! *.."P! )*%56"--"(")%! $T"6$T<! /! ("%%6"! +-5.!

.+<$&#&95"(")%!")!<'&;")$"!-".!+62$"..5.!$2A)&%&#.! ;<;&<.!*5!%6*&%"(")%!;".!95*)%&%<.!

)5(<6&95".7! "%! +*6! $2).<95")%! /! <%5;&"6! -".! 6<A&2).! $<6<,6*-".! .25.J%");*)%! $".!

+62$"..5.3!Q:5)!+2&)%!;"!'5"!T&.%26&95"7!-".!+6"(&"6.!*5%"56.!95&!."!.2)%!&)%<6"..<.!*5G!

,*.".! $<6<,6*-".! ;"! $"! .F.%>("! *++62G&(*%&#! )5(<6&95"! 2)%! 5%&-&.<! 5)"! *++62$T"!

+*6%&$5-&>6"!V!$"--"!;".!(2;>-".!$2A)&%&#.!#2)$%&2))"-.3!W"!$2((")$"6*&!;2)$!+*6!;<$6&6"!

$"6%*&).!;"!$".!(2;>-".3!

(14)

!"#$"#%"#&'#()*+,-#*.#/-'0#*.#1)(23-#

!"#$%&#'$( )*+,"&$( &-."%/01%2$( +#( 1'0%1&)&31( &1( +&( "0( )03%.#"01%*3( +&$( 3*)4'&$( 2#'&31(

.'*.*$5$6()0%$("0(."#.0'1(+7&31'&(&#-(2#'&31(/'55$(+03$("&(4#1(+&('5.*3+'&(/*3/',1&)&31(

0#-( %31&''*801%*3$( "%5&$( 9( "0( .'*4"5)01%:#&( +&( "0( +;$/0"/#"%&6( /&( :#%( %)."%:#&( :#7%"$(

2#'&31(.'%3/%.0"&)&31(*'%&315$(<&'$("0()03%.#"01%*3(+&$(3*)4'&$(&-.'%)5$($*#$(2*')&(

$;)4*"%:#&( *#( <&'40"&=( !0')%( /&#->/%6( "&( )*+,"&( +&( ?/@"*$A&;( B?/@"*$A&;6( CDDE( F(

?/@"*$A&;6( @0'0)0GG06( H( I0$%"%6( CDJKL( .*$1#"&( :#&( 3*#$( +%$.*$*3$( +7#3&( 0'/M%1&/1#'&(

/*83%1%<&(3#)5'%:#&(/*).*$5&(+&(1'*%$($;$1,)&$()*+#"0%'&$(+%$1%3/1$(N(#3($;$1,)&(+&(

/*).'5M&3$%*3( +&$( 3*)4'&$( B:#%( 1'03$/*+&( "&( 3*)4'&( <#( *#( &31&3+#( &3( 2*')&(

3#)5'%:#&(04$1'0%1&L6(#3($;$1,)&(+&(.'*+#/1%*3(+&$(3*)4'&$(B:#%(1'03$2*')&("0(2*')&(

3#)5'%:#&(04$1'0%1&(&3(2*')&(<&'40"&(*#(5/'%1&L6(&1(&32%3(#3($;$1,)&($.5/%2%:#&)&31("%5(

9("70'%1M)51%:#&(B/*).'&3031(3*10))&31("&$(20%1$(0'%1M)51%:#&$(&1("&$(',8"&$(+&(/0"/#"L=(

O03$( /&( )*+,"&6( "&$( 1'*%$( )*+#"&$( $*31( '&"%5$( &31'&( &#-( .0'( "&$( 2*')&$( 04$1'0%1&$( +&$(

3*)4'&$6( '&.'5$&315&$( $*#$( 2*')&( .'*.*$%1%*33&""&( B.0'( &-&)."&6( KE( &$1( '&.'5$&315(

/*))&( KCP(&1( ECL=( @&$( 2*')&$( 04$1'0%1&$( $*31( +*3/( .'5/%$&$6( &16( .0'( /*3$5:#&316( /&(

)*+,"&(3&(.&#1(%""#$1'&'("&(2*3/1%*33&)&31(+&$(.'*/&$$#$(3#)5'%:#&$(0..'*-%)01%2$=(

O03$("0(/*31%3#%15(+#()*+,"&(+&(?/@"*$A&;6(O&"*/M&(&1(Q&'*3(BCDJRL(.'*.*$,'&31(

#3()*+,"&()*+#"0%'&('&"01%<&)&31($%)%"0%'&6($%(/&(37&$1(:#&(+03$(/&"#%>/%6(#3(.'*/&$$#$(

+&(1'03$/*+08&(0#'0%1("%&#(&31'&("&$(+%225'&31$($;$1,)&$6(%)."%:#031(:#&("7*3(.&#1(.0$$&'(

+#(2*')01(<&'40"(0#(2*')01($;)4*"%:#&(5/'%1($03$(35/&$$0%'&)&31(.0$$&'(.0'(#3&(2*')&(

04$1'0%1&( 3#)5'%:#&=( ?0"8'5( /&11&( "58,'&( 0+0.101%*36( /&( )*+,"&( 37&$1( 1*#S*#'$( .0$(

/0.04"&(+7&-."%/%1&'("0(301#'&(+&$(/*3/&.1$(3#)5'%:#&$(0..'*-%)01%2$=(T"(20#1(011&3+'&("&(

)*+,"&(+&(@0).4&""(B@0).4&""(H(@"0'A6(CDJJ(F(@"0'A(H(@0).4&""6(CDDCL(.*#'(<*%'(&32%3(

0..0'0U1'&(#3&('525'&3/&(0#-('&.'5$&3101%*3$(030"*8%:#&$(+&$(3#)5'*$%15$(B/7&$1>9>+%'&(

0..'*-%)01%<&$6( 3*3>$;)4*"%:#&$( &1( 3*3><&'40"&$L=( O03$( /&( )*+,"&6( %"( 37;( 0#'0%1( .0$(

(15)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$%&'()*&)+%*! ,-"+.$(%*/! *)! .*0! 1-,2%*0! 0*%$(*1)! %*3%40*1)40! 0-+0! "(5*%0*0! 6-%,*0!

6-%)*,*1)!(1)*%&-11*&)4*0/!"-1)!.*!6-%,$)!$1$.-7(8+*!8+*!.#-1!3*+)!%$))$&'*%!$+!!"#$%&'%

()*+,"9!:1!"43()!"*!&*)!$33-%)!0(71(6(&$)(6/!(.!*0)!(,3-%)$1)!"*!3%4&(0*%!8+*!.*!,-";.*!"*!

<$,32*..!1*!"4&%()!)-+)*6-(0!3$0!.*0!3%-3%(4)40!"*0!%*.$)(-10!*1)%*!.*0!"(664%*1)0!6-%,$)0!

1(!.*0!3%-&*00+0!"*!)%$10&-"$7*!*1)%*!.*0!6-%,$)0/!"*!)*..*!,$1(;%*!8+#(.!1*!3*%,*)!3$0!

"*!&$%$&)4%(0*%!.$!1$)+%*!"+!!"#$%&'%()*+,"!"*!,$1(;%*!&-15$(1&$1)*9!

! :1! =>>?/! @*'$*1*! 3%-3-0$! +1! ,-";.*! 8+(! &-1&(.(*! *1! 8+*.8+*! 0-%)*! .*0!

3%4&4"*1)0/!*1!3-0)+.$1)!8+*!.*!&-1&*3)!"*!1-,2%*!3*+)!3%*1"%*!"(664%*1)*0!6-%,*0/!-+!

&-"*09! A*.-1! &*! ,-";.*/! (1)()+.4! .*! ,-";.*! "+! B%(3.*! <-"*/! 1-0! %*3%40*1)$)(-10!

1+,4%(8+*0!3*+5*1)!C)%*!*1&-"4*0!*)!)%$()4*0!"$10!)%-(0!6-%,$)0!"(0)(1&)0!D!.*!3%*,(*%!

6-%,$)! "4&%()! 3$%! @*'$*1*! *0)! &*.+(! "+! &-"*! 5(0+*./! "$10! .*8+*.! .*0! 1-,2%*0! 3%*11*1)!

6-%,*!0-+0!.*0!)%$()0!"*!&-,2(1$(0-1!"*!&'(66%*0!$%$2*0!E3$%!*F*,3.*/!-G9!H*!0*&-1"!*0)!

+1!&-"*!$+"()(6!8+(!&-,3%*1"!.*0!6-%,*0!5*%2$.*0!"*0!1-,2%*0!EI!8+$)%*!JK!G9!:16(1/!.*0!

1-,2%*0! 3*+5*1)! C)%*! %*3%40*1)40! 0-+0! +1! )%-(0(;,*! &-"*/! .*! &-"*! $1$.-7(8+*/! 8+(!

&-10)()+*! .$! 8+$1)()4! 1+,4%(8+*! $20)%$()*! $00-&(4*! $+! 1-,2%*9! <*! "*%1(*%! &-"*! 0*%$()!

$(10(! &*.+(! "$10! .*8+*.! 0#*F3%(,*%$(*1)! .*0! 1+,4%-0()40! 1-1L0M,2-.(8+*0! *)! 1-1L 5*%2$.*0/! *)! 0*%$()! 3$%! &-1048+*1)! &*.+(! 8+(! "4&%()! "#+1! 3-(1)! "*! 5+*! 6-1&)(-11*.! .*!

0M0);,*! "#$33%-F(,$)(-1! 1+,4%(8+*! N! "$10! .*8+*.! .*0! 1+,4%-0()40! 0-1)! %*3%40*1)4*0!

$5*&! "*! 3.+0! *1! 3.+0! "#(,3%4&(0(-19! O.! *0)! (,3-%)$1)! "*! 1-)*%! 8+*/! "$10! &*! ,-";.*/! .*0!

)%-(0! &-"*0! 0-1)! 6-%)*,*1)! (1)*%&-11*&)40/! "*! )*..*! 0-%)*! 8+#(.! *F(0)*! "*! 1-,2%*+0*0!

5-(*0!3*%,*))$1)!"*!3$00*%!"#+1!&-"*!P!.#$+)%*9!Q$%!*F*,3.*/!1-+0!3-+5-10!$00-&(*%!+1*!

5$.*+%!5*%2$.*!P!+1!*10*,2.*!"*!3-(1)0!3%40*1)40!$1$.-7(8+*,*1)!R!3$%!$(..*+%0/!0(!1-+0!

5-M-10!+1!&'(66%*!4&%()/!1-+0!3-+5-10!.*!)%$10&-"*%!*1!6-%,*!5*%2$.*/!$+)%*,*1)!"()/!.*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

K!O.!0#$7()!2(*1!(&(!"*!.$!6-%,*!$+"()(5*/!*)!1-1!"*!.$!6-%,*!5(0+*..*!"*!.$!%*)%$10&%(3)(-1!"#%.)'."%

/"..,"!"*!&*))*!6-%,*9!

(16)

!"#$%&'()'&*+,#&(,-()-&)+,'&#$*#.'$)-$#&'(&/(!$,#&),0.#"1,$2&3$&*(''(4$&5(6,!-(-"5&78,)&

6+7$& 9& ,)& (,-#$& 7.*$)7#("-& :"$)& ./"7$00$)-& 7$& !(& -;6<$& 9& $55$6-,$#%& 0("'& (,''"& 7$'&

*#.5.#$)6$'&7$'&")7"/"7,'&=>+?!&@&A$#+)%&BCCDE2&&

& F,-#$&'+)&6(#(6-G#$&$H<(,'-"5&*,"'1,8"!&*$#0$-&7$&7"'-")4,$#&!$'&#$*#.'$)-(-"+)'&

),0.#"1,$'&*#.6"'$'&7$'&6+)6$*-'&7$'&)+0:#$'&*!,'&"0*#.6"'%&!$&0+7G!$&7,&I#"*!$JK+7$&

$'-& 6$!,"& 1,"& #.*+)7& 7$& !(& 0()"G#$& !(& *!,'& '(-"'5("'()-$& (,H& 7+)).$'& $H*.#"0$)-(!$'&

#(**+#-.$'& =*(#& $H$0*!$%& /+"#& I<$/$)+-& @& L(##+,"!!$-%& MNNOE2& K$& 0+7G!$& $'-& 7+)6&

6+00,).0$)-& (70"'& 7()'& !(& !"--.#(-,#$%& 9& ,)& -$!& *+")-& 1,8"!& $'-& 9& !8<$,#$& (6-,$!!$&

#(#$0$)-&5("-&#.5.#$)6$&(,H&0+7G!$'&1,"&!8+)-&*#.6.7.2&P!&$'-&*(#&("!!$,#'&")-.#$''()-&7$&

#$!$/$#& 1,$& 6$& 0+7G!$& 6+))(Q-#(& !$'& ()).$'& ',"/()-& '(& 6#.(-"+)& ,)$& .!(:+#(-"+)& 78,)&

*+")-& 7$& /,$& 5+)6-"+))$!& $-& ()(-+0"1,$& 1,"& !8$)#"6<"#(& 4#()7$0$)-2& R$& 7.6#"#("& 6$'&

0+7"5"6(-"+)'&7()'&!(&'$6-"+)&',"/()-$2&&

!"#$"#%"#&'#()*+,-#.)/012)//-,#3#,4#516'01'6-#4/41)(27'-#

S$<($)$& $-& K+<$)& =BCCTE& *#+*+'G#$)-& ,)$& (7(*-(-"+)& 5+)6-"+))$!!$& $-& ()(-+0"1,$& 7,&

0+7G!$& 7,& I#"*!$JK+7$2& A$!+)& 6$!!$J6"%& !$'& 5+#0$'& /"',$!!$'& 7$'& )+0:#$'& '$#("$)-&

'-+6U.$'& (,& )"/$(,& 7$'& #.4"+)'& +66"*"-+J-$0*+#(!$'%& 68$'-J9J7"#$& 7()'& !$'& ("#$'&

6.#.:#(!$'& (''+6".$'& 9& !(& /+"$& /"',$!!$& /$)-#(!$%& 7.7".$'& 9& !(& #$6+))("''()6$& /"',$!!$&

78+:V$-'2&K$'&6+7$'&/"',$!'&'$#("$)-&#$*#.'$)-.'&7$&0()"G#$&:"!(-.#(!$&7()'&!$&6+#-$H2&W)&

6$& 1,"& 6+)6$#)$& !$'& 5+#0$'& /$#:(!$'%& 6$!!$'J6"& '$#("$)-& '-+6U.$'& (,& )"/$(,& 7,& !+:$&

-$0*+#(!&4(,6<$%&6+00,).0$)-&(''+6".&(,&!()4(4$&=/+"#&X"6U+U%&MNNC%&*+,#&,)$&#$/,$E2&

P!& $'-& "0*+#-()-& 7$& )+-$#& 1,$& !$'& #.4"+)'& 7.7".$'& (,H& 6+7$'& /"',$!'& $-& /$#:(,H& )$&

'$#("$)-& *('& '-#"6-$0$)-& '*.6"5"1,$'& (,H& )+0:#$'%& 78(*#G'& S$<($)$& $-& K+<$)& =BCCTE2&

Y,()-& (,H& #$*#.'$)-(-"+)'& ()(!+4"1,$'%& 6$!!$'J6"& '$& '"-,$#("$)-& (,& '$")& 7$& !(& V+)6-"+)&

(17)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$%&'()(**%"%'()'+,"($#-+.! /(0'! -+1! #2'+2$1! "+01+0'! 324+--+! 5(2+$#%'! 20! $6-+! "-21!

1"&*%7%32+!/#01!-+!'$#%'+,+0'!/+1!02,&$(1%'&18!!

# /01234#56#78829:3;:0<=#>2#?<>@84#;=;:<?0A24#>2#B30C84DE<>4#F&4G;4=4#4:#E<G4=H#IJJK#L#&4G;4=4H#

M0;NN;H#M0=48H#O#E<G4=H#-PP5Q6##

9+''+! #/#"'#'%(0! 7(0*'%(00+--+! +'! #0#'(,%32+! /2! ,(/:-+! /2! ;$%"-+)9(/+! 1+$#! "$&*%1&+!

<%#!-42'%-%1#'%(0!/+!'+*=0%32+1!/+!0+2$()%,#>+$%+!"-21!$&*+0'+1.!'+--+1!32+!-4%,#>+$%+!"#$!

$&1(0#0*+! ,#>0&'%32+! 7(0*'%(00+--+! ?(2! !"#$.! "(2$! !%&'()*&+,- "+.&/()'- #/0*&+&'/-

$1+.)&..! @+=#+0+.! A%#BB#.! A%0+-.! C! 9(=+0.! DEEFG8! H0! *(,"#$#0'! -+1! #*'%<#'%(01!

$#""($'&+1!/#01!-#!-%''&$#'2$+.!@+=#+0+!+'!1+1!*(--#I($#'+2$1!?DEEFG!(0'!%0/%32&!32+!-+1!

*(/+1! <%12+-1! 1(0'! $+"$&1+0'&1! #2! 0%<+#2! /+1! -(I+1! "#$%&'#2J! "(1'&$%+2$1! 12"&$%+2$1!

I%-#'&$#2J.! -+1! *(/+1! <+$I#2J! #2! 0%<+#2! /2! >K$21! #0>2-#%$+! >#2*=+.! +'! -+1! 7($,+1!

#0#-(>%32+1!#2!0%<+#2!/2!1+>,+0'!=($%B(0'#-!/2!1%--(0!%0'$#"#$%&'#-!I%-#'&$#-8!L#!M%>2$+!

F! $+"$&1+0'+! 1*=&,#'%32+,+0'! -+1! #%$+1! *&$&I$#-+1! *($$+1"(0/#0'! N! *=#*20! /+1! '$(%1!

*(/+18!H11+0'%+--+,+0'.!*+!1+$#%'!/(0*!#2!1+%0!/+1!#%$+1!%0'$#"#$%&'#-+1!32+!-+1!"$(*+1121!

/+!'$#%'+,+0'!/+!-#!02,&$(1%'&!#2$#%+0'!-%+28!

O<#0'! -#! *(07%$,#'%(0! (I'+02+! "#$! -#! $&1(0#0*+! ,#>0&'%32+.! 20+! #*'%<%'&!

*&$&I$#-+! 1"&*%7%32+! #2! '$#%'+,+0'! /+1! 0(,I$+1! /#01! -+1! $&>%(01! "#$%&'#-+1! #<#%'! /&5N!

L(I+1!"#$%&'#2J!"(1'&$%+2$1!

12"&$%+2$1!

9(/+!<%12+-!

P+>,+0'!=($%B(0'#-!/+1!

1%--(01!%0'$#"#$%&'#2J!!

9(/+!#0#-(>%32+!

QK$21!#0>2-#%$+!>#2*=+!

!

9(/+!<+$I#-!

(18)

!"!# $%&$'()"&!$# *+&# ,$-*.$# $"# /0)%$&# 1233456# '&78$# 9# .+# "$8:%(;<$# =$)# *0"$%"($.)#

!>0;<!)#1?@/6#*0<&#!"#$%&'#()%#*+,-%#$%.)(/5#>(+#.A$%&$'()"&$-$%"#=$#.A+8"(>("!#8!&!B&+.$#

)0<)#?.$8"&0$%8!*:+.0'&+*:($#1??C5D#E$)#+<"$<&)#+>+($%"#+.0&)#*&0*0)!#9#=$)#$%F+%")#=$#

8(%;#+%)#$"#9#=$)#*$&)0%%$)#+=<."$)#=$#&!)0<=&$#<%$#"78:$#=$#80-*+&+()0%#%<-!&(;<$#

-G.+%"# =<# -+"!&($.# )H-B0.(;<$# $"# %0%I)H-B0.(;<$D# J(%)(6# .A+-*.("<=$# =$)# 80<&B$)#

=A+8"(>("!# +*&K)# LMM# -)# *&$%+("# <%$# F0&-$# 8+&+8"!&()"(;<$6# 8$# ;<(# "&+=<(&+("6# )$.0%# .$)#

+<"$<&)6# .$# -0-$%"# 0N# .$# *+&"(8(*+%"# =!"$&-(%$# .+# %<-!&0)("!# =<# )"(-<.<)D# /.<)#

F0%=+-$%"+.$-$%"6# .A+8"(>("!# ;<(# *&!)$%"+("# .$# -($<O# 8$""$# 8+&+8"!&()"(;<$# !"+("#

$%&$'()"&!$# +<# %(>$+<# =$)# !.$8"&0=$)# =$# .+# P0%8"(0%# "$-*0&0I088(*("0I*+&(!"+.$6# +<))(#

B($%#8:$Q#.$)#+=<."$)#;<$#8:$Q#.$)#$%F+%")D#E$#F+("#;<$#8$""$#+8"(>("!#!"+("#0B)$&>!$#9#.+#

F0()#*0<&#.$#-+"!&($.#)H-B0.(;<$#$"#*0<&#.$#-+"!&($.#%0%I)H-B0.(;<$#1$"#%0%I>$&B+.5#+#

+-$%!# ,$-*.$# $"# /0)%$&# 9# *0)"<.$&# ;<$# 8$""$# +-*.("<=$# !.$8"&0*:H)(0.0'(;<$#

&$*&!)$%"$# .$# "&+("$-$%"# %<-!&(;<$# =$# -+%(K&$# +-0=+.$D# /.<)# &!8$--$%"6# /+<.)$%6#

R0.=0&FF# $"# S&+%%0%# 1LM2M5# 0%"# &+**0&"!# ;<$# 8$""$# -G-$# +-*.("<=$# $%&$'()"&!$# $%#

"78:$# =$# 80-*+&+()0%# =$# %<-!&0)("!)# $)"# $%# F+("# !"&0("$-$%"# .(!$# 9# .+# 8+*+8("!# =<#

*+&"(8(*+%"#9#=()8&(-(%$&#=$)#%<-!&0)("!)D#?%#$FF$"6#.$)#*+&"(8(*+%")#;<(#!"+($%"#.$)#*.<)#

)$%)(B.$)# 9# =$# F(%$)# =(FF!&$%8$)# $%"&$# =$<O# %<-!&0)("!)# *&!)$%"+($%"# .$)# &!*0%)$)#

8!&!B&+.$)#.$)#*.<)#+-*.$)D#T$)#=0%%!$)#)<**0&"$%"#=0%8#.A:H*0":K)$#)$.0%#.+;<$..$#.$)#

+8"(>("!)#80&"(8+.$)#*+&(!"+.$)#&$.K>$%"#B$.#$"#B($%#=<#0#$/+*1+2-345#D#

U0"&$#)$%)(B(.("!#(%%!$#+<O#;<+%"("!)#%<-!&(;<$)6#(%=!*$%=+%"$#=<#.+%'+'$#$"#=$#

.A!=<8+"(0%6# "&0<>$&+("# =0%8# )$)# B+)$)# +<# %(>$+<# =<# 80&"$O# *+&(!"+.D# VK)# .+# F(%# =<#

>(%'"(K-$#)(K8.$6#=$#%0-B&$<)$)#!"<=$)#0%"#<"(.()!#.$)#"$8:%(;<$)#!.+B0&!$)#=A(-+'$&($#

8!&!B&+.$#W#"$..$)#;<$#.A(-+'$&($#*+&#&!)0%+%8$#-+'%!"(;<$#W#$"#0%"#+(%)(#*<#*&!8()$&#;<$#

.$#"&+("$-$%"#+%+.0'(;<$#=$)#%<-!&0)("!)#)$-B.$#+>0(&#.($<#=+%)#.$#)$'-$%"#:0&(Q0%"+.#

=<# )(..0%# (%"&+*+&(!"+.# 1$"# 8$# =$# -+%(K&$# B(.+"!&+.$5D# T$)# !"<=$)# 0%"# $FF$8"(>$-$%"#

(19)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$$%"&'!()*!#+&,-#&,%.*!#/!.,-)#/!()!+)&&)!"'0,%.!(#.*!(,-)"*)*!&1+2)*!,3$4,5/#.&!(/!

3#&'",)4! ./3'",5/)! *637%4,5/)8! &)44)*! 5/)! ()*! &1+2)*! ()! +%3$#"#,*%.*! ()! +2,99")*!

#"#7)*! :;,.)48! <)2#).)8! =,-,>")8! ?! @)! A,2#.8! BCCDE8! ()! +#4+/4! *,3$4)! :F2%+2%.8! F%2).8!

-#.!()!G%%"&)4)8!?!<)2#).)8!DHHHE8!()!+#4+/4!+%3$4)I)!:<)!J3)(&8!K%44%L#68!?!M.*#",8!

BCDDE8!)&!3N3)!4%"*!()!&1+2)*!.%.O./3'",5/)*!,3$4,5/#.&!()*!.%37")*!#"#7)*!:P0)"8!

J&)"Q)"8! =/**8! R,"#/(8! ?! S4),.*+23,(&8! BCCTEU! ;#"#44>4)3).&8! ()*! #+&,-#&,%.*!

,.&"#$#",'&#4)*! *,3,4#,")*! %.&! '&'! ('+",&)*! (#.*! ()*! &1+2)*! +%3$").#.&! (/! 3#&'",)4!

./3'",5/)!.%.O*637%4,5/)8!+%33)!()*!&1+2)*!()!+%3$#"#,*%.!()!+%44)+&,%.*!()!$%,.&*!

:K6()8!A%#*8!A4#,"8!?!F#")68!BCDCE!%/!).+%")!()!+%3$#"#,*%.!()!+%.+)$&*!:F#$$)44)&&,8!

G/004)&%.8!?!V#4*28!BCCHE!%/!()!0"#.()/"*!#7*&"#,&)*!:K%44%L#6!?!M.*#",8!BCCHEU!<)!

$4/*8!/.)!&)44)!#+&,-,&'!#!'0#4)3).&!'&'!).")0,*&"')!+2)Q!4W).9#.&!()!X!#.*8!(%.&!4)!+)"-)#/!

)*&!).+%")!,33#&/")!:F#.&4%.8!A"#..%.8!F#"&)"8!?!;)4$2")68!BCCYEU!P.!"'*/3'8!4W#+&,-,&'!

#/!.,-)#/!(/!*,44%.!,.&"#$#",'&#4!*$'+,9,5/)!Z!4#!./3'"%*,&'!*)"#,&!(%.+!#3%(#4)!:+%33)!

4)!*/00'"#,).&![)3$4)!?!;%*.)"8!DHH\E!)&!+)&&)!"'0,%.!#/"#,&!(%.+!/.!"]4)!+",&,5/)!(#.*!

4)!&"#,&)3).&!()*!5/#.&,&'*!./3'",5/)*!:-%,"!^#+%78!_#44).&,.8!?!`,)()"8!BCDB8!)&!F%2).!

S#(%*2!?!V#4*28!BCCH8!$%/"!()*!")-/)*!"'+).&)*EU!!

@)*! %7*)"-#&,%.*! ,**/)*! ()*! &)+2.,5/)*! (W,3#0)",)! +'"'7"#4)! "'+).&)*! *%.&!

+%.*,*&#.&)*!)&!+%2'").&)*!a!.%&")!!"#$%&'%()*+,"!)*&!/.!*6*&>3)!+%0.,&,9!,..'!(%.&!4)*!

7#*)*! +'"'7"#4)*! *)! *,&/).&! (#.*! 4)*! "'0,%.*! ,.&"#$#",'&#4)*! 7,4#&'"#4)*! ('(,')*! #/!

&"#,&)3).&!()!4#!3#0.,&/()U!`'#.3%,.*8!,4!)*&!,3$%"&#.&!()!.%&)"!5/)!$4/*,)/"*!#/&)/"*!

%.&!*/00'"'!5/)!4)*!$"%+)**/*!,3$4,5/'*!(#.*!4)!&"#,&)3).&!()!4#!3#0.,&/()!./3'",5/)!

*%,).&! &">*! $"%+2)*! b! -%,")! +%33/.*! b! #/I! $"%+)**/*! ()! &"#,&)3).&! ()! 4#! 3#0.,&/()!

*$#&,#4)! :F/&,.,8! J+#"$#8! J+#&&/",.8! <)44cM+5/#8! ?! d%"Q,8! BCDB! e! A/)&,! ?! V#4*28! BCCH!e!

K/77#"(8! ;,#QQ#8! ;,.)48! ?! <)2#).)8! BCCf! e! G/**%4,.8! G#"&,.8! ?! J+2,4&Q8! BCDDEU! <#.*! +)!

+%.&)I&)8!$4/*,)/"*!'&/()*!%.&!3,*!).!#-#.&!4W)I,*&).+)!(W/.)!#**%+,#&,%.!).&")!.%37")!

(20)

!"#!$%&'!#()*$+,!#-),$#.!/)-$#*0$),.*!#.!$#"1'2!$#34%(3+,&-"#.,#4&"0*3!(#-,40*3+,!#

5'67# (8!66!"# 9:;<=># ?!2&!-!># @)$$3-3># A# B3*&,C># DEEF# G# H3&$># @*I$J&!*"># B!I%!-$># A#

.8K.!L&((!>#DEEMN>#'!#+,3#&#.)--0#(3!,#O#,-#(&*P!#'),*&-"#.!#*!'2!*'2!#$83-"0*!$$&-"#&,#

(3!-# %)"!-"3!(# !-"*!# -)4J*!# !"# !$%&'!# 5Q&($2># RSSF#G# /)3*# .!# T!/3&># B3*!((3># A# =&$$3&>#

RSDR># %),*# ,-!# *!/,!# *0'!-"!N7# ?8,-# &,"*!# 'U"0># 3(# !C3$"!# '!*"&3-$# '2!*'2!,*$# +,3#

$,PPV*!-"# +,!# (!# "*&3"!4!-"# -,40*3+,!# %&*"&P!# .!$# J&$!$# '0*0J*&(!$# ')44,-!$# &/!'#

(8&$%!'"#$!-$)*34)"!,*#.!$#.)3P"$#.!#(&#4&3-#5;-.*!$>#?&/&*!>#W!$!-"3>#X(3/3!*>#A#9!*)->#

RSSYG#;-.*!$>#?3#Z,'&>#A#W!$!-"3>#RSS[N7##

W&*#')-$0+,!-">#(!$#+,!$"3)-$#.!#(&#$%0'363'3"0#.,#"*&3"!4!-"#-,40*3+,!#&,#$!3-#

.!$# &3*!$# 3-"*&%&*30"&(!$# !"# .!# $&# *!(&"3)-# %2I()P0-0"3+,!# &/!'# (!$# 40'&-3$4!$#

/3$,)$%&"3&,C# !"# $!-$)*34)"!,*$# *!$"!-"# ),/!*"!$7# \!# -!# .3$',"!*&3# %&$# .&/&-"&P!# (&#

+,!$"3)-#.!#(&#-&",*!#.,#!"#$%&'%()*+,"#.&-$#(!#'&.*!#.!#'!""!#"2V$!>#!"#]!#')-$3.V*!*&3#

.)-'# +,8&,# 4)3-$# ,-!# %&*"3!# .!# (8&'"3/3"0# ')*"3'&(!# 3-"*&%&*30"&(!# +,!# (8)-# )J$!*/!# !$"#

$%0'363+,!4!-"# .0.30!# &,# "*&3"!4!-"# .!$# 4&P-3",.!$# -,40*3+,!$># !"# +,!# '!((!^'3#

$8!C%*34!#O#,-#-3/!&,#')P-3"36#!-#"&-"#+,!#$I$"V4!#.8&%%*)C34&"3)-#-,40*3+,!#5'67#@,**#

A#<)$$>#RSS[G#9")3&-)/#A#_)*`3>#RSDRN7#?V$#()*$>#3(#4!#*!$"!#O#.0/!()%%!*#(!$#.3660*!-"$#

%&*&.3P4!$# !"# 4!$,*!$# +,3# )-"# 0"0# %*)%)$0$# %),*# 0/&(,!*# (&# %*0'3$3)-# .!$#

*!%*0$!-"&"3)-$#-,40*3+,!$#&-&()P3+,!$7##

'7#87#+9:;<:=>?@#A<#1B@C#A<#/?DEFB#

=)44!# ]!# (8&3# $3P-&(0# %*0'0.!44!-"># .!$# .3660*!-'!$# +,&-"# O# (&# %*0'3$3)-# .!$#

*!%*0$!-"&"3)-$#-,40*3+,!$#%!,/!-"#&%%&*&a"*!#&,#'),*$#.,#.0/!()%%!4!-"#5W3&``&#!"#

&(7># RSDSN7# b(# $!4J(!# .)-'# ()P3+,!# .80",.3!*# %(,$# 40"2).3+,!4!-"# (&# %*0'3$3)-# .,#

$I$"V4!#.8&%%*)C34&"3)-#-,40*3+,!#O#,-#-3/!&,#3-"!*3-.3/3.,!(7#Z80",.!#$I$"04&"3+,!#

.!$# ')-'!%"$# -,40*3+,!$# 4!-"&,C# !"# .!# (&# %*0'3$3)-# .,#!"#$% &'% ()*+,"# -!# %!,"#

(21)

!"#$"%$#&'#%()*+"#,#-.#

!

"#$%&''&()!*&!+,$-&!./0,/!)-,#&-*!%&!)123&*!&45"-$'&(),6&*!./$!#7()!5&-'&))-&!%&!6&*!

'&*/-&-8!9-!60/)$6$*,)$7(!%&*!'&*/-&*!27'57-)&'&(),6&*!26,**$./&*!:!)&66&*!./&!6&!)&'5*!

%&! -"57(*&! &)! 6&! ),/4! %&! -"57(*&*! 27--&2)&*! :! (0&*)! 5,*! */++$*,''&()! 27(#,$(2,()&!

5/$*./&!6,!;-,(%&/-!,<*76/&!%&*!./,()$)"*!$(+6/&(2&!(7)-&!5&-2&5)$7(!%&!6,!(/'"-7*$)"!

=>$<<7(?! @ABBC8! D/)-&'&()! %$)?! 2&*! '&*/-&*! *7()! +7-)&'&()! ,++&2)"&*! 5,-! 6&*!

2,-,2)"-$*)$./&*!%&*!*)$'/6$?!%&!)&66&!',($E-&!./0&(!6&*!'7F&((,()?!&66&*!5&-%&()!%&!6&/-!

#,6&/-!$(+7-',)$#&8!G6!,!%7(2!")"!("2&**,$-&!57/-!6&*!23&-23&/-*!%&!57/#7$-!"#,6/&-!6&*!

&*)$',)$7(*! (/'"-$./&*! %&*! 5,-)$2$5,()*! ,/! )-,#&-*! %&! )7/)&*! 6&*! ',;($)/%&*!

(/'"-$./&*! 27(*$%"-"&*?! %&! ',($E-&! H! -&(%-&! 27'5)&! %&! 6,! #,-$,<$6$)"! *2,6,$-&!

$()-$(*E./&!%&*!-&5-"*&(),)$7(*!(/'"-$./&*8!!!

! I)&#&(*! =@ABJC! 5-757*,! %&! 2,62/6&-! /(&! +7(2)$7(! 5*F23753F*$./&! K! L!!! MN?!!

2,6./"&!*/-!6,!67$!%&!O&<&-PQ&23(&-?!./$!%"2-$)!6,!-&6,)$7(!&()-&!6,!',;($)/%&!5&-R/&!=KC!

&)!6,!',;($)/%&!%&!6,!(/'"-7*$)"!H!5&-2&#7$-!=MC8!S**&()$&66&'&()?!&)!*,(*!&()-&-!%,(*!

6&*!%"),$6*?!2&))&!+7(2)$7(!27'5-&(%!%&/4!5,-,'E)-&*!./$!'7%/6&()!6,!-&6,)$7(!&()-&!6&!

*)$'/6/*!&)!6,!5&-2&5)$7(!T!/(!27&++$2$&()!!!&)!/(!&457*,()!N8!U3"7-$./&'&()?!*$!!"&)!N!

";,6&()!@?!,67-*!6,!+7(2)$7(!'7%"6$*&-,$)!/(&!*$)/,)$7(!%0&*)$',)$7(*!5,-+,$)&*?!2,-!%,(*!

2&! 2,*?! K! L! M8! S(! 5-,)$./&?! 2&! (0&*)! ',63&/-&/*&'&()! 5,*! 6&! 2,*8! 9(! -&)-7/#&!

;"("-,6&'&()! 6&! 27&++$2$&()! !! *7/*! 6&! (7'! %&!#$%&'()*" +," -,.,$8! G6! *0,;$)! %/! *&/$6!

5&-2&5)$+! '$($',6! %&! %")&2)$7(! %0/(! 23,(;&'&()?! &)! 27--&*57(%! ,/! -,)$7! &()-&! 6&! *&/$6!

%$++"-&()$&6!%0$()&(*$)"!&)!60$()&(*$)"!&66&P'V'&!=!!!!8!G6!&*)!$'57-),()!%&!27'5-&(%-&!./&!

6,!+-,2)$7(!%&!O&<&-!&*)!27(*),()&!57/-!60&(*&'<6&!%&*!(/'"-7*$)"*?!%&!)&66&!+,R7(!./&!

*&/6! 6&! -,)$7! &()-&! %&/4! (/'"-7*$)"*! &*)! $'57-),()8! W,-! &4&'56&?! *$! $(%$#$%/! 5&/)!

%$++"-&(2$&-!@X!%&!@J?!$6!%&#-,$)!%&!6,!'V'&!',($E-&!%$*)$(;/&-!@XX!%&!@JX8!Y!2&!)$)-&?!$6!

$'57-),()! %&! (7)&-! ./&!!! -&6E#&! %,#,(),;&! %0/(&! 2,-,2)"-$*,)$7(! %/! 5&-2&5)&/-! :! *7(!

*&/$6!%&!%$*2-$'$(,)$7(?!27(*),()!57/-!)7/*!6&*!(7'<-&*!:!,67-*!./&!N!27--&*57(%!56/)Z)!

(22)

!"#$%"&'()#&*+,$"%$*-%".&"/%-0%/*+,$"%*".&"1*+2#.&*+,$3"4$"%55%*6"1+"7"%1*"1#/(-+%#-"!"86".&"

5,$0*+,$"+..#1*-%"&.,-1"#$%"*%$'&$0%"!"1#-%1*+2%-6"19+."%1*"+$5(-+%#-"!"86"0%..%:0+"2,'(.+1%"

#$"0,2/,-*%2%$*"'%"1,#1:%1*+2&*+,$3""

;%"$,2<-%#="&#*%#-1",$*"&+$1+"2,'(.+1(".%1"/%-5,-2&$0%1"'%".%#-1"/&-*+0+/&$*1"!"

'%1"*>0?%1"'9%1*+2&*+,$6"%*",$*"-&//,-*(")#%".%1"@&.%#-1"'%"!"%*"'%"7"1,$*"-%.&*+@%2%$*"

@&-+&<.%1"'9#$"+$'+@+'#"!".9&#*-%"A/&-"%=%2/.%6"B-#%C%-6"8DEFG3"H&-0%")#9+.1"-%/-(1%$*%$*"

#$%" /%-5,-2&$0%" C($(-&.%" $,$" <+&+1(%" /&-" .&" 2&C$+*#'%" '%1" $,2<-%16" %*" /&-0%" )#9+.1"

1,$*"?(*(-,CI$%1"!"#$"$+@%&#"+$*%-+$'+@+'#%.6"0%1"/&-&2I*-%1"1%2<.%$*"/&-*+0#.+I-%2%$*"

/%-*+$%$*1" /,#-" (*#'+%-" .&" /-(0+1+,$" '%1" -%/-(1%$*&*+,$1" $#2(-+)#%13" ;%" $,2<-%#1%1"

(*#'%1"2%$(%1"'&$1".%1"&$$(%1"1#+@&$*%1",$*"&+$1+"2,$*-(")#%"7"%1*"*,#J,#-1"+$5(-+%#-"!"

8" 0?%K" .9L*-%" ?#2&+$6" 0%" )#+" 1+C$+5+%" )#%" .9,$" &" *-I1" 2&J,-+*&+-%2%$*" *%$'&$0%" !" 1,#1:

%1*+2%-" .%" $,2<-%" '9(.(2%$*1" '&$1" #$%" .&-C%" 0,..%0*+,$" A/&-" %=%2/.%6" M$',N" O" M'&6"

8DPPG3" Q(&$2,+$16" %*" &11%K" +$%=/.+0&<.%2%$*6" .%1" (*#'%1" #.*(-+%#-%1" )#+" 1%" 1,$*"

+$*(-%11(%1" !" .9%1*+2&*+,$" $#2(-+)#%" ,$*" '(.&+11(" .%" /&-&2I*-%" 76" &#" /-,5+." '%" .9(*#'%"

/.#1"'(*&+..(%"'%".&"@&.%#-"'%"!3""

R%" 0?&$C%2%$*" /,#--&+*" 19%=/.+)#%-" /&-" #$%" #*+.+1&*+,$" /.#1" -&-(5+(%" '%" .&"

2,'(.+1&*+,$" /1S0?,/?S1+)#%" '%1" /%-5,-2&$0%1" .,-1" '%1" '(0%$$+%1" 1#+@&$*%13" H&-"

%=%2/.%6" '&$1" .%" 0,$*%=*%" '%1" *>0?%1" '9%1*+2&*+,$" $#2(-+)#%6" T?&.%$6" U&..+1*%." %*"

U%.2&$"A8DDDG",$*"/-,/,1("'9#*+.+1%-"#$%"&#*-%"2%1#-%"'%".&"/-(0+1+,$"'%1"%1*+2&*+,$1"V"

.%"R,%55+0+%$*"'%"W&-+&*+,$"A"#G3"R%"'%-$+%-"0,--%1/,$'"&#"-&*+,"%$*-%".%1"(0&-*:*S/%1"'%1"

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

A!"

!G3"X%""#"&"/,#-"&@&$*&C%"/&-"-&//,-*"&#"!"%*"&#"7")#9+."0,$1*+*#%"#$%"2%1#-%"#$+)#%"

'%".&"0,$1+1*&$0%"'%1"%1*+2&*+,$1"&#"5+."'%".&"*>0?%"1&$1"$(0%11+*%-".&"2,'(.+1&*+,$"'%1"

/%-5,-2&$0%1"'%1"+$'+@+'#1"1%.,$"#$%"()#&*+,$"/1S0?,/?S1+)#%3""Y,$'&2%$*&.%2%$*6"+."

%1*" +2/,-*&$*" '%" $,*%-6" '9#$" /,+$*" '%" @#%" *?(,-+)#%6" )#%" .%""#" 0,--%1/,$'" &#"!" '%" .&"

(23)

!"#$"%$#&'#%()*+"#,#--#

!

"#$%&'#$! ()*%+#(+*)',-./! 0$! ."".&1! %.)! 2.-3! 4.)-5.)! %656%&75').$&! 896%-'&7! 2.! 86!

(.5%.(&'#$! :! 2#$%! 2.)! .)&'46&'#$)! :! 2-! (.5%.(&.-5/! ;#-&."#')1! .4('5',-.4.$&1! '8! <6-&!

4'.-3!8.)!2'""75.$%'.5!(-'),-.!%.)!4.)-5.)!$.!)#$&!(6)!%68%-87.)!2.!86!4=4.!46$'>5./!

?68@57! %.)! 6<6$&6@.)1! 8.! AB! 6! (#-5! 27"6-&! 2.! $.! (6)! '88-)&5.5! 2'5.%&.4.$&! 86!

%#55.)(#$26$%.!.$&5.!8.)!.)&'46&'#$)!.&!86!5768'&7!C%#44.!8.!"6'&!8.!D!2.!897,-6&'#$E1!%.!

,-'!"6'&!,-9'8!$9.)&!(6)!).$)'F8.!G!2.!"#5&.)!2')&#5)'#$)!.$&5.!8.)!.)&'46&'#$)!.&!8.!$#4F5.!

57.8!G!.)&'4.5/!H65!.3.4(8.1!)'!-$.!(.5)#$$.!.)&'4.!2.!46$'>5.!%#$)')&6$&.!-$!.$).4F8.!

G!IJ!7874.$&)!68#5)!,-9'8!.$!%#$&'.$&!KJJ1!8.!AB!).56!(57%')!F'.$!,-9'8!)#'&!78#'@$7!2.!86!

5768'&7/!

L9-&'8')6&'#$! 2-! AB! .)&! 5.86&'<.4.$&! "57,-.$&.! G! 89+.-5.! 6%&-.88.1! F'.$! ,-9.88.! $.!

)#'&!(6)!46M#5'&6'5.!C(65!.3.4(8.1!N56$O1!N.2#5.$O#1!L6'1!P63.1!Q!R'F)#$1!SJKS!T!?.M'6)!Q!

P%+'8&U1! SJKVE/! 0$! ."".&1! 86! 4.)-5.! 2-! )*)&>4.! 296((5#3'46&'#$! $-475',-.! ,-.! 89#$!

5.&5#-<.!8.!(8-)!57@-8'>5.4.$&!26$)!8.)!7&-2.)!6-!27F-&!2-!<'$@&W.&W-$'>4.!)'>%8.!.)&!86!

"56%&'#$!2.!X.F.5!C!1!<#'5!Y.+6.$.1!SJJZE/!A.(.$26$&1!%#$&56'5.4.$&!6-3!7&-2.)!(8-)!

6$%'.$$.)!C[$2#\!Q![261!KZ]]!T!^5-.@.51!KZ_SE1!%.88.W%'!$9.)&!(6)!4#278')7.!G!(65&'5!2.)!

(.5"#546$%.)! .$! &`%+.! 29.)&'46&'#$! $-475',-.1! 46')! .88.! .)&! %68%-87.! G! (65&'5! 2.)!

(.5"#546$%.)! .$! &`%+.! 2.! 2')%5'4'$6&'#$! C#-! 2.! %#4(656')#$E! $-475',-./! L6! "56%&'#$!

2.! X.F.5! %#55.)(#$2! 26$)! %.! %6)W%'! 6-! (6564>&5.! 2.! 86! "#$%&'#$! ()*%+#(+*)',-.!

)-'<6$&.!,-'!4#278').!8.!&6-3!2.!57(#$).!%#55.%&.1!! !!!!"#$ !! !!!!!!!!! 1!#-!"!.)&!7@68!6-!

56&'#! .$&5.! 8.)! 2.-3! $-475#)'&7)! ,-.! 89#$! 2#'&! 2')%5'4'$.5/! [8! .)&! '$&75.))6$&! 2.! $#&.5!

,-96(5>)! 2.! 8#$@-.)! 6$$7.)! #a! 86! 4#278')6&'#$! $97&6'&! (8-)!#$ %&$ '()*1! 8.)! %+.5%+.-5)!

5.<'.$$.$&!.$!,-.8,-.!)#5&.!6-3!)#-5%.)!2.!%.!(6564>&5.!!$,-'!&562-'&!$#&5.!).-'8!2.!

2')%5'4'$6&'#$! 2.)! 2'""75.$%.)! (.5%.(&'<.)! CP&.<.$)1! KZI]E/! A9.)&! Y.+6.$.! CSJJVE! ,-'!

(5#(#)6! 29626(&.5! %.&&.! 4.)-5.! 6"'$! 297&-2'.5! (8-)! .$! 27&6'8! 86! (57%')'#$! 2.)!

Références

Documents relatifs

L’extension du croisement industriel et, plus généralement, des schémas de croisement utilisant des mâles de lignées spécialisées met en évidence l’intérêt des

[r]

[r]

Un modèle prédictif idéal est construit sur la base des données uniquement, sans hypothèses, et ce modèle prédit RESUME • Cet article décrit les différents modèles qui ont

Je fais le portrait d’un personnage (je peux m’aider du p’tit dico du portrait). Je connais d’autres livres de cet auteur, de cet

Le risque du surpoids/obésité dans notre étude est plus élevé dans le milieu urbain par rapport au milieu rural, ce qui a été confirmé par d ’ autres études précédentes dans

à l'échelle industrielle des procédés de fabrication d'un enrobé à chaud et d'un enrobé basse température

Les TIC au service de la gestion (ou création) de connaissance sont donc porteuses de changements stratégiques en interne dans les organisations, mais aussi dans la relation