Connaissance et transformations dans l industrie pharmaceutiqueune approche en terme de système sectoriel d innovation

Connaissance et transformations dans l’industrie pharmaceutiqueUne approche en terme de syst` eme

sectoriel d’innovation

Nathalie Coutinet, Philippe Ab´ ecassis

To cite this version:

Nathalie Coutinet, Philippe Ab´ ecassis. Connaissance et transformations dans l’industrie phar- maceutiqueUne approche en terme de syst` eme sectoriel d’innovation. XXVIII journ´ ees de l’Association des ´ Economistes de la Sant´ e Fran¸cais;, Nov 2006, Dijon, France. <halshs- 00199001>

HAL Id: halshs-00199001

https://halshs.archives-ouvertes.fr/halshs-00199001

Submitted on 18 Dec 2007

HAL is a multi-disciplinary open access archive for the deposit and dissemination of sci- entific research documents, whether they are pub- lished or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers.

L’archive ouverte pluridisciplinaire HAL, est destin´ ee au d´ epˆ ot et ` a la diffusion de documents scientifiques de niveau recherche, publi´ es ou non,

´ emanant des ´ etablissements d’enseignement et de

recherche fran¸ cais ou ´ etrangers, des laboratoires

publics ou priv´ es.

3456#%879:"7;<=%+?>@A7BBC

D/EF*FGH!IIGFJKKMLNLPO%GFIPQREOS6G5LPH#EFI8TGFIVUXWYH#FTZI[LPO)H#K\]GO%S6GJKZLPH!^*ZK

_ FKG\*\OMEJ]KKF,LPKOMS$KTKIa`bIPLPcdS$KIKJ%LPEOMH#KUTeWYH!FF*EgfbG5LaH#EF

heij!k-jmllbnAopndqrgssPjXsutwvxqyzy{<jm|}5~zj€bn%‚sPj„ƒ†…1hNrM‚[jXsN|‡#ˆ:r%zgƒ†nM‚R‚Pn%‰

ˆ:rƒYirk-j!nŠ1y5‹ƒYj-znƒŒtRŠVvuhbˆ<}~zj€n%‚sPj„ƒ†…1hNrM‚[jXsˆ:y‚PŽ5‰

n‘sn)qƒ†n‹‚’lir%‚P{<rdqn‹ƒ†j-“g‹bn”r•qyzzg‹b},r‹–qy5‹‚s—Žngs˜ŽnM‚[zj!™%‚angs˜rzz…gndsP}4‹bzšpy5‹k›n)€œn%‚san{:nzgƒ

j#{<ly‚wƒ†rMzgƒxŽnžsangsVƒ†n)q%izyŸk›yœ j!ngs¡Žn‚Pnqin%‚Pqin<r%€nq<k!¢r%‚R‚†j›€b…)n4Žnds1pj-y5ƒ†nq%izyŸk-y j!ngs£r4q)yœzqn%l5ƒ†j-yŸz

Žngs:{<…Žj!qgr{:nzgƒPs:ngsYƒ<nMz¤n%¥¦¥†nƒlrgssa…n§Ž¨›‹bzn$ƒ†nqMizyœk-y j-n©jXssY‹bn§Žn©k!¢j-zŽg‹s¦ƒY‚Rj!n§q%ij#{:j!“g‹bn©ª§Žn5s

ƒ†nq%i zyŸk›yœ j-n5s§zy5‹€nk#k!n5s«¥YyœzŽ…n5s˜s¦‹‚’k›n¬Ž…%€œnk›yœllbn{<nzgƒ­Žngspj-y5ƒ†nq%izyk-yœ j-ngs@£(x¢yœ‚R rMzjwsarƒ†j-yŸz

j-zŽg‹s¦ƒY‚Pj-nk#k!n6Žg‹®sPnqƒ†n‹‚4sa¢nsYƒ/r‹ssPj8l‚Py¥YyœzŽ…{?nzdƒ{<yŽœj-¥Rj!…dn5£*nds ‚Pr%zŽŸnds¥Rj‚P{:n5s¯€œn%‚¦ƒYj!qrk!n{:nzgƒ

j-zgƒ†…% ‚a…ngsyœzdƒuq…)Ž…¯k-rlŸk!rqdn/ª¯Žngs¥¦j-‚P{:n5s8Žnlk°‹esnz<lŸk„‹sAsRl…)qj!rk#jXsa…gnds8“g‹bjn%±5ƒ†nM‚Rzrk-jXsnzdƒuŽn¥Rr)²yŸz

q%‚Pyj#ssarzdƒ†nqn%‚Xƒ†r%j-zngsu…ƒ†rMlngsuŽg‹:l‚Ryqngss¦‹suŽnAl‚ayŸŽg‹bqƒXj-yz£

ngs/ƒY‚Pr%zŸsP¥Yy‚P{:rƒRj›yœzs<yl…%‚P…ngs³ªk#r’sY‹j°ƒ†n´Žn­k!r‚P…€byk°‹ƒ†j-yz’pj-yƒ†n)q%izyŸk›yœ j-“g‹bnyzgƒ¥Yrj°ƒk!¢yœpMµnƒŽn

zy{³p‚Pn‹±ƒY‚Pr€œr‹±£ ¶Vy5‹suqyzŸsPj!Ž™%‚PnzdƒNq)ngsNƒY‚Pr%zŸsP¥Yy‚P{:rƒYj-yzŸsqyŸ{<{:n1‹z:qirz  n{:nzgƒ·‚Pr)Žœj!qrkX£g¸³ysj

t%¹MºŸ»d¼‰8lrM‚Rk!nrjmzsj·Žn<qirz5 n{:nzdƒŽn¯lbr%‚PrŽj {?n £œ½¤rk!n%‚¦pbr)}*ª/lr%‚¦ƒ†j‚Žn5sr%ll‚ayŸq%in5sŽn³¾¿‚Pnn{:rgz

t%¹MºŸ» À5‰Án@ƒxŽn³N‹zŽ€œrk!kNt%¹MººÂ5‰k!¢rzrkmÃbsn?qy{<{:n³‹bz’sRÃs¦ƒ†™{:nÄsPn)qƒ†y5‚Rj!nkNŽ¢j-zzyœ€œrƒ†j-yœzb£¶Ny‹ ƒ†ngsÁqngs

r%zrk-Ãsngss¢rqq)yœ‚PŽnMzgƒŒªAk-nqr%‚arqƒ†…%‚RjXsan%‚uqy{4{:n1‹bz?sPndqƒ†n‹‚ej-zzy5€rzgƒŒ{<rjXseƒ†y‹ ƒ†ngsN{<y5pj-k#jXsnzgƒ·k!¢yŸ¥¦¥X‚n

qy{<{?n¯san‹bkŽ…ƒ†nM‚R{<jmzrzdƒNŽnAk!rŽ5Ãzr{:j!“g‹bnŽg‹$sanqƒ†n‹‚@£

hŒy‹‚wƒ†rMzgƒ†}k-rÆÅPŽn{?rzŽŸn5ÅMÇ<Žn˜{<…Žj#q)r{:nzgƒPs´s¢n5sYƒ,nk-kXn˜r‹ssPj/l‚Pyœ ‚angssPj€n{:nzgƒ<ƒY‚Pr%zsP¥Yyœ‚P{<…)n5£xvz

lr%‚¦ƒYj›q‹k!j!n%‚P}ek!¢rq)q%‚Pyjwssn{?nzdƒ¡Ž¢j-z¥Yy‚[{³rƒRj›yœz´Žyœzdƒ¡Ž5j#sPlysPn%zdƒk-n5s¡lrƒYj-nzgƒPsk›nsÁr{<™znzgƒ¡ª<jmzdƒ†n%‚¦€œn%zj#‚

Žn?lk°‹es(nz´lŸk‹s¥X‚a…“g‹bn{?{:nzgƒÁŽr%zs/k!n$qiyj±§ƒYi…%‚PrMln‹ƒYj-“g‹bn5£·Šn­sY‹llŸk!…{:nzdƒÁŽ¢¢j-z¥Yyœ‚P{<rƒRj-yz§n5s¦ƒ

rq“g‹bjXsÆl‚Pj-zqj-lrk#n{:nzgƒÈr‹l‚a™gs®ŽngsÉr5ssPyqj!rƒYj-yzs•ŽnšlrƒYj-nzgƒPsÉy‹ÊŽ5j˂Pnqƒ†n{<nzgƒ®sY‹‚®k-n5s”sPj°ƒ†n5s

Ž¢j-z¥Yyœ‚P{<rƒRj-yz<Žyzgƒ·k-nAzyŸ{p‚Pn¯s¢rdqq%‚Pyj°ƒ·‚P…% 5‹k-j!™%‚Pn{:nzgƒŒtw½Ìr%‚Pqnk-}¼ÍÍÎ5‰£

x¢r{<lk#n‹‚Žg‹§li…zyŸ{<™zn:n5s¦ƒsY‹¥¦¥RjXsar{:{:nzdƒ¡jm{<ly‚wƒ†rMzgƒly‹‚“g‹bn?q)n%‚wƒ†rMjmzn5sr%zrk-ÃsPn5s¡‚P…qnzdƒ†ngsÃ

€yj-nzgƒuk!¢n{p‚RÍyŸz:Ž¢‹z´Å[zy‹€œnr‹,ly5‹€yj‚Å8“g‹bn/k#n5sxŽ…ƒ†n%zgƒ†n‹‚sN‹5ƒYj-k#jXsnzgƒ'Žr%zŸsk#n‹‚su‚Pnk#rƒRj-yzŸsr%€bnq

k!n5sNl‚Pngsaq%‚Pjl5ƒ†n‹‚sunƒ·r‹l‚P™gs'ŽngsNj-zs¦ƒ†r%zqn5suŽnA‚P…% 5‹bk-rƒ†j!yœz³tw¸yœ{<j-z}¼ÍÍΞÏdn1hŒn%z}¼Í͟Ðd‰£

o”lrM‚¦ƒRj˂8Ž¢‹bznrzrk-ÃsPn/Žn5s…)€œyŸk°‹ƒ†j-yzŸsŽn¯k!¢yŸ¥¦¥Y‚Pn/nƒuŽn/k-r¯Žn{:rzŽn}k!¢y5pMµnqƒ†j-¥uŽn¯qnAƒY‚Pr€œrj#kngsYƒuŽn

{:nƒXƒY‚Pn,n%z«…€j!Žnzqn$k!¢…{:n%‚R nzqn6Ž¢‹bz˜sRÃsYƒ†™{:nsPnq%ƒwyœ‚Rj›nkulir%‚P{:rqn‹ƒ†j-“g‹bn6tw½¤rk!n%‚Rpr,¼ÍÍ5щj#ssR‹

ÒgÓ ÔeՁÔPÖ-×8ÔuØXÙ%ÔRסÚXÛÙÔØÔÜ#ÕÝÖ-ÞËܟÚXß¡Ü#ÔRÛdÜ5àËÚ¦ÖmáÔâãŸàäàÔ*åRסÚXÛÔ·ÙÔÜ5Ý)Ö#ÔPÜ#æPÖmÞäÝ)ՁԦß)ÖXÜ#çÙMÔ܍ÝMèÚ¦ÖmסÚYæ¦Þ„ÔRÛdÜÔPÕgÙÔÜ5ÝdÚYհބÔRÛÕ-Üé„êë#âãìVí

îïïðRñ

k!¢n%±nM‚Pqj#q)nAlr%‚Vk›nsŒlrƒYj-nzgƒPsuŽnk-n‹‚sVzy‹€œnr‹±<ly5‹€y5j-‚s£

Šn(ƒY‚Pr€œrj#kVsan%‚Pr¯‚a…rk#jXsP…<ŽrzŸs8‹bz?l‚Pn{:j#nM‚Vƒ†n{l*sxr‹§{<yÃnz,Ž¢‹zn…ƒX‹bŽnr%ll‚Py¥YyœzŽœj!n<Žg‹´{<yŸŽn<Žn

Žjm¥Y¥X‹esPj-yz§Žngszy‹€œnk#k!ngsqyzzrjXssPrzqn5s/Žn5slrƒRj-nzdƒPs/nƒÁŽngs‚P…Mln%‚Pq‹ƒ†j-yzŸs/Žn,qn5s/qyzzrjXssPrzqn5s

zy5‹€nk!k#n5s8sY‹‚Vk›rA‚Pnk#rƒRj-yzlrƒ†j-nzgƒ†‡Y{?…)Žnqjmzb£gn¯sPn)qyœzŽ¯ƒ†n%{ls1san%‚PrqyzŸsarq%‚P…ª1‹bz‚P…)qr%lj°ƒX‹k!rƒ†j-¥·Žnœs

l‚Pj-zqj-lrk!ngsž…%€yk°‹ƒ†j-yœzs:Žrzs?k!n5s?¥Yy‚P{<n5s:yœ‚† r%zjXsPrƒ†j!yœz znk#k!n5s<‚Pnƒ†n%zd‹bngs<lr%‚:k#n5s:¥¦j-‚P{:ngsžrj-zsPjÁ“g‹n

Žr%zs6k!ngs§s¦ƒY‚Prƒ†…% j-ngs,l‚Pj€bj#k!…% j#…)ns@£xx¢i5ÍlyƒYi™gsPn say‹ƒwn%zg‹bn¤ngsYƒ,“g‹bn˜q)ngs´…)€œyŸk°‹ƒYj-yzs,ln‹€nzdƒƒY‚Pn

r%zrk-Ãs…n5sAƒ†rMzgƒÁqy{4{:n4‹bzn,‚P…%lyzŸsan,r‹Ÿ±—qirz  n{žn%zgƒPs(ŽnÄkY¨Xnz5€j‚Pyzzn{:nzdƒƒ†nq%i5zyŸk-y Ÿj›“g‹bn,“g‹n

qy{<{?n1‹bznr)Žr%l5ƒ†rƒYj-yz<Žngsu¥Yj‚P{?n5suªk!¢j-z¥¦k‹¿nzqnŽngsuzy5‹€n)r‹Ÿ±4qyŸ{ly‚wƒ†n{<nzdƒPsuŽngsNlrƒYj›nzdƒPs£

GŸOLPH#KŸD/EFFGH#IIGFJKK%LNQ†H ZO%K)I8TZ$\G5LPH!KFLPJ)EFIESS6G5LPKZ·O

ngs8‹ƒ†j-k#jXsPrƒ†n‹‚s¡Žn?sPyŸj-zŸsa}enƒxŽn{<…Žj!qgr{:nzgƒPs¡n%z,lr‚¦ƒYj›q‹k-j!n%‚P}·ŽœjXs†ly¿sanzdƒŽnMl5‹jws¡“g‹bnk!“g‹bngs¡rzz…n5s

Ž¢‹zn¯“g‹brzdƒRj°ƒ†…/Ž¢j-z¥Yy‚P{?rƒRj-yz:Žn(lk°‹·snz<lk‹s8j#{<ly‚wƒ†rMzgƒ†n/n@ƒ'Žn(lk°‹snz<lŸk‹sul‚P…qjXsn5£g¸³…gsPj‚a…n(lr‚

k!n5s$lrƒYj-nzgƒPs´r‹ƒ†r%zdƒ6“g‹bn˜lr%‚$k›ns´r‹ƒ†y5‚†j°ƒ†…gs´Žn̂a…% 5‹k!rƒRj›yœz•tw¸³yœ{<j-z}¯¼ÍÍÎ?ÏAvŒˆ4o/}/¼ÍÍÂ5‰P}qnƒ!ƒ†n

j-zŸ¥Yy‚P{<rƒ†j-yz}n%z:{<yŽœj!¥Rj!rzdƒNk!n‚œk›n¯Žg‹žlrƒRj›nzdƒ†}Ÿ{<yŽœj-¥Yj!n¯r‹·ssPjk!r/qyœzqn%l5ƒ†j-yz?“g‹bn/qirq‹z,sn¯¥Yrj°ƒ'ŽŸn

sPyz ÅR‚œk-nÅ£o/jmzsPj!}<k#n¤l‚PrƒYj-qj!nz z¢n5sYƒ6lk°‹es6‹z sPj#{<lk#n¤l‚PngsPqM‚[j-l5ƒ†n‹‚­t¦{<yŽ™k›n lrƒ†n%‚Rzrk#jXs¦ƒ†n%‰a}žsar

l‚Pngsaq%‚Pjl5ƒ†j-yœzžn5s¦ƒ¥Yrj„ƒ†nŽrzsk#n<qr)Ž5‚PnŽ¢‹bzn<Ž…qjXsPj-yŸz6lr%‚¦ƒ†rM …nt¦{<yŽ™k-n<ŽnŽ…dqjwsPj›yŸz?lr%‚Yƒ†r% …n%‰AÏk!n

lrƒYj-nzdƒAz¢ngsYƒ¡lŸk°‹sÁlrgssPj-¥R}Vj-kul‚PnzŽ§qyzŸsaqj!nzqdn,Žn$sayœzj-z¥Rk‹bnzqdn,j-zŽj›€bj!Žg‹bnk#k!n,tRŽr%zs/k!n,qrŽ5‚Pn,Žg‹

qyk-k-yŸ“g‹bnsPj-z 5‹k!j!n%‚R‰nƒ/qyk-k!nqƒYj€bn$t†Žr%zsk!n6qrŽ5‚Pn6ŽŸ¢rgssayŸqj-rƒRj-yzsŽnÄlrƒYj#nzdƒPsR‰Aƒ†r%zdƒs¦‹‚/k-n5sqiyŸj±

ƒYi…M‚Pr%ln‹ƒYj-“g‹bn5s6Žn¤k#n‹‚s,l‚Prƒ†j-qj!nzs6“g‹bnÉsY‹‚$k!n5s6y‚Pj-nzgƒ†rƒYj-yzŸs´nƒžk-n5s,l‚Pyq…Žg‹‚Pnds6Žn̂anqin%‚Pqin

{:…Žj#q)rk!n/y‹6k!nl‚Pj›±žŽn5s8{:…Žj!qr{:nzdƒPs£Šngs{<yŽœj!¥Rj!qgrƒYj-yœzsŽŸn/qyŸ{ly‚Xƒ†n%{:nzdƒNln‹€œnzgƒ8sa¢ypsan%‚R€n%‚

nƒusP¢r%zrkmÃsnM‚uª1ƒX‚†yœjXsNzj€bnr‹±:Žj-¥R¥R…M‚PnzgƒPsgj-zŽœj€bj#Žg‹bnk!}qyœk-k!nqƒ†j-¥·nƒ·lyœk-j°ƒ†j-“g‹¿n5£

HmQYQRZIH!EF$TKIJEFF*GH!IIGF*J)KI8K%LuZLPH-U#H!IG5LPH!EFL†HmLPOMKH#FTH›fbH!TZ*KMU

[‹sa“g‹bnÆk#ª¤ln‹ j-z¥Yy‚P{?…dsP}?sPjmzyœz•lr%‚§k-n‹‚§{<…Žndqj-z nƒwy‹ k-n‹‚lirM‚[{:rqj!nz}<k-n5slrƒYj-nzdƒPs§yzgƒ

ÅPŽ…qy5‹€nM‚¦ƒÅ¯k-nds¯{:…Žj!qdr{:nzgƒPs(r€nqPzdƒ†n%‚Rznƒ£n%k-yz«¶'inˆ?n !qj#nzdƒRj#sYƒÁt¦¼Ñ§¥Y…)€‚Pj#nM‚¼ÍÍe¹‰P}'j-k8Ã

r€œrj„ƒ†}nz4¼ÍÍe¹M}bn%z5€j‚Pyz<¼Í?ÍÍÍÄsPj„ƒ†ngs8{:…Žj!qr‹±,r‹Ÿ±#"Nƒ†r@ƒPsa‡w~zjXs$£dr(¥X‚P…)“g‹bnzdƒ†rƒYj-yz:Žn¯qnds1sPj„ƒ†nsr

n±lŸk-ysP…l5‹jXsP“g‹bn)}*s¦‹‚8k›r(l…%‚Pj-yŽn/rk!k!rzdƒuŽnkY¨#…ƒ†…,¹MººŸ»<r‹,l‚Rj-zgƒ†n{lsu¼ÍÍ5¼}V¹¹MÍ4{<j!k#k#j›yŸzŸsŽ¨#rŽg‹bk°ƒ†n5s

r{<…%‚Pj!qrj-zs,nƒ´¹ÑÆ{<j#k!k#j-yzs:Ž*¨!rŽg‹bk°ƒ†ngs:¥¦‚Prz²rjwsžyzgƒ³qyœzs¦‹bk°ƒ†…§qn5s$sPj„ƒ†ngs£Š1n§l‚Pn{<j#nM‚,qyzŸsYƒ†rƒ<nds¦ƒ

qyz¥¦j˂[{:…˜lr%‚k!ngs6‚P…gsY‹k„ƒ†rƒPs´Žn Žn‹± nz“g‹%ƒ†ngs6l…%‚†j-yŸŽj!“g‹bngsP}qnk#k!n5sŽn¤k-r'&#(*),+.-0/2132-4/,(657(8-

9ӍڌÝMß*:MàäÞäæRބՄå<;eà„Ô¦ßÖbåaáÚ¦Ö#Ù¡åPÕ-ÚwÛ)ÕÜ#ՁÖ-ބæPÕ°ÔR×ÔRÛ)՟æ=ÛՁÖ?>à„å†Ô[çàÔÜÝdÚYÕ°ÞäÔRÛ)Õ-Ü¿Û)ÔVÝ@=ßBA)ÚwÞäÔRÛ)ÕÜ#ÔxëËބÔPÖDCß@E;ŒàÔ¦ß)ÖXÜ¿Ý)Ö#ÔÜ#æRÖ-ÞäÝÕËÔ¦ßÖ ÜXâdêœÔ

סÚwÛ@CßMÔÙ*FÞäÛdëG=%Ö-סڦհÞH=Û:Ù%ÔÜ'ݝڦհބÔRÛ)Õ-Ü8Ú1æ=ÛÕËÖmÞI:MßMå/Úwß:ÙåA@ÔRàH=ÝMÝMÔR×ÔRÛÕ·Ù%ÔAàÚ1Õ°è@JÜ#ÔÙ%ÔKàHFÞäÛÙß)æPÕÞH=ÛML¡Ü#ÔRàH=Û4àËÚCßMÔaàà„Ô1à„Ô

×åPÙMÔRæRÞäÛKbë!ÚwބÕ*LàËÚÙÔRסÚwÛ)ÙÔâ

NPO[ß)Ö¯àËÚ?×MQR×Ô,ÝåPցÞH=MÙ%ÔPçVà„Ô,ÛR=×M:)Ö#ÔÙÔ­ÜmބհÔܳאåPÙÞæÚßBS—ëmÖ!ÚÛ)æ=ÝMè@=Û)ÔÜ4ÔÜ#Õ¯ÔÜ#Õ°ÞäאåT;U ï·ïïï âAéHOV=ßÖ-æPÔê%WOVXÔYdç

è)ՁհÝ[Z\B\]^]^]ŒâæRè%ß@_-Ö=ßMÔRÛdâëmÖ?\æYÞËÜm×ÔPë\

ñ

qnŽn%‚†zj#nM‚uyœ‚R rMzjwsP{:n}k#rAlrM‚¦ƒŒŽn(k-rAlyl5‹bk-rƒ†j-yœz:r{:…%‚Rj!qrj-zn¯r)Žg‹k°ƒ†nr%ÜrzdƒŒqyœzs¦‹bk°ƒ†…1‹bz?sPj°ƒ†njmzdƒ†n%‚Pznƒ

Žn©sarzdƒ†…ngsYƒ/lrgssP…Žn’й%$ nz«¼ÍÍ5¼ÆªÀº&$ nz«¼ÍÍ5Ñ}qn“g‹bj‚Pn%l‚P…dsPnzgƒ†nċbz’ln‹Ælk°‹·s<Žn§ºŸÂ

{?j!k#k-j-yŸzsŽnln%‚sayœzzngs£g¸³nlŸk°‹·s8k!nzyŸ{p‚Pn¯Žn/qyzŸsR‹bk°ƒ†rƒYj-yzŸsŽn5ssPj°ƒ†ngssM¨!nsYƒNk°‹bjr‹ssPjbrdqq%‚¦‹´s¦‹‚8k!r

l…%‚Pj-yŽnt¦ ‚Pr%lij›“g‹bn?¹d£‰@£

'

‚Pr%lij!“g‹bn?¹ %ˆ<y{³p‚Pn{<yœÃnz<Žnq)yœzs¦‹bk°ƒ†rƒYj-yzsuŽn¯sPj°ƒ†ngs Rzgƒ†n%‚†znƒ

r‹žqy‹‚sNŽngs'γ{³yŸj#sNl‚P…)q…Žrzgƒ·k!ngsunz“g‹%ƒ†ngs(1ˆ

)*+, -.,

/001 23

45

/001 62

-/007 62,8

/000 39

53 :,.

/000 )*+,

-.,

;<</ 62

-;<<; =2>+

-.,

;<<?

0,00 0,50 1,00 1,50 2,00 2,50 3,00

@BACED#FG@HDIFGDJLK#MHNICODHF P

QLRTSVU#W(XZY[\#S^]O_`SbacWBdeW#fghRTi#]OWjdkmlnpo#qBrcrHs%tuqHrjrcvjtqIrcrTrjtLw%xTxuqHtLwxjxhwyW#]%w%xTxTzc{

ngs•nz“g‹%ƒ†ngs|1ˆ ln%‚P{:nƒXƒ†n%zdƒÈŽnš{<nƒXƒY‚Pn n%z …€j!Žnzqdn kY¨X…%€yk°‹ƒ†j-yœz–ŽŸnds®{<yƒ†j€rƒ†j-yzŸsɎŸn5s

qyzŸsY‹k°ƒ†rƒYj-yœzsžŽnÌsPj„ƒ†nsžŽrzŸs,k!n˜{<yzŽn5£ Ÿjk!r’q)yœzsR‹k°ƒ†rƒYj-yœz~}ly‹‚6s†yœjÁy‹®ly5‹‚$sangs:l‚Ryq%inds

Žy{4j-zn$sY‹‚AƒYy5‹5ƒ†ngsk›ns(nz“g‹%ƒ†ngsa}'k-r€}‚Pn)q%in%‚Pq%in,Žn,q)yœz zrjXssPrzqn5s€j!nzgƒÁn%z’sanqyzŽn?lysPj°ƒ†j-yŸz

r€œngqA‹bz4ln‹{<yjmzsŽg‹´“g‹br%‚YƒuŽngsqyzs¦‹bk°ƒ†rƒYj-yzsnƒ8sn{pk!n4sM¨!rqq%‚Pyj°ƒY‚Pn/Žr%zŸsk!nAƒ†n{l*sT‚ut¦ ‚Pr%lij›“g‹n

¼‰£

Šnƒ#ƒ†n:…€yk°‹ƒYj-yz$ …z…%‚Prk-n$sM¨!ngsYƒ¡rqqy{lbr% z…n:Ž*¨‹zn:Žy‹pk›n?…%€yŸk„‹ƒRj-yz§s¦ƒY‚¦‹bqƒX‹‚an%k-k#n £m(z´ypsan%‚R€n

Ž¨‹zn­lrM‚¦ƒ<Žnds:q%irz5 n{:nzdƒPs<l‚Py ‚PngssPj-¥Ps:ŽrzŸs:k#n5s,{³yƒYj€rƒRj-yzŸs:Žn5s:qyzŸsY‹k„ƒ†rƒRj›yœzs:Žn’sPj°ƒ†n5s:nƒ†}

Ž¨!r‹ƒY‚PnAlr%‚XƒY}5‹znAlk°‹·sN ‚PrMzŽnAl‚P…qjXsPj-yŸz³ŽngsN‚Pnqin%‚Pqin5s£

ƒ5Ó ÔÜ5ÔaÛBCßBQPՁÔÜ5ÙÔæRÔܜÙÔRßBS =MÖmáMÚXÛ%ÞËÜmאÔܟÜ=ÛÕdÙÞËÜmÝR=ÛMÞI:%àÔÜܛß)Ögà„ÔYßÖ ÜmބՁÔÞäÛ)ՁÔPÖmÛMÔPÕ-â

_…„uÔڦհ臆Vېհè)ÔeìuÔ[Õ[Y =ß%Û)ÙÚYÕÞH=ÛZ è)ՁհÝ[Z\B\]^]^]Œâè@=۝âæRè ˆ

_…‰dÔ ] WmÛÕËÔ[Ö-ÛMÔPՊ$í×8ÔPÖ-ÞäæÚwÛuàäބëmÔÝ)Ö=u‹ÔPæPÕ Z è)ՁհÝ[Z\B\@Ý)Ô ]ÞäÛÕËÔ[Ö-ÛÔPÕ-â=%ցá â

Œ

Ó5ÔÜÔRÛRCßBQPՁÔ܄†8ì©ÛMÔNÙÞËÜ#Õ°ÞäÛMáßMÔRÛ)ÕgݝÚRܟÕ4=ßՄÔܜà„Ú×<=MÕ°ÞIA)Ú¦ÕäÞH=Û<KŽcEhE‘ ’I“”j•!–“˜—™%%šœ›êÔ[ÕËÕ°Ôe×<=MÕ°ÞA)Ú¦Õ°ÞH=Û1Û@FäÚXÝ%ݝڦÖXÚ!„Õ Cß@FäÚAMÔRæ

àHFÔRÛ@CßBQPՁÔÙ*F=%æPÕ4= :Ö!Ô Ujž%žcžeÔPÕÙÞËÜmݝڦÖXڝ„Õ)ÙÚw۝ÜgàHFÔRÛ@CßBQPՁÔÙԟ‹„ÚXÛ*AÞÔ[Ö

îïïu 

â

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

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

*(#!+,#'+

- ' %.#-

P

QLRTSVU#W(XZY[\#S^]O_`SbacWBdeW#fghRTi#]OWjdkmlnpo#qBrcrjrctHw%xjxqIthwTxcxjw{

n1ƒY‚Pr€œrj#kbŽg‹4hŒn 7Pzdƒ†n%‚RznƒNq)yœz¥Yj‚P{:n¯nƒŒqy{lk!™ƒ†n(k›ns'nz“g‹%ƒ†ngs(ˆ$£ ŠnÁƒY‚Pr€rj-kŸ‚Pn5sYƒ†nqn%lnzŽrzgƒ

Žn˜{<yŸj-zŽ5‚Pn’ly‚¦ƒ†…n’l5‹jXsa“g‹bn}¯q)yœzdƒY‚Prj‚Pn{<nzgƒžª˜k#r˜¥PyzŽrƒYj›yœz|Aˆ:}¯k-n˜l‚PyµPnƒ<hŒn .Rzgƒ†nM‚Rznƒ:zn

ƒY‚Pr€œrjmk!k!n¯“g‹bns¦‹‚8k!rlyœl5‹bk-rƒ†j-yz:r{:…%‚Pj-qdrj-zn5£gngsŽn‹±: ‚PrzŽngsnz“g‹ ƒ†ngsNhŒn 7Rzdƒ†n%‚RznƒƒY‚Pr%j°ƒ†r%zdƒuŽn

k!r­sarzgƒ†…,nz§k#j- Ÿzn$tY¼ÍÍ5¼’nƒA¼ÍÍ5щ/Ž…ƒ†n%‚R{<j-znzdƒÁª$k!r$¥YyŸj#sŽn5sl‚Py¥¦j!kXs(ƒYà ln5s/Ž*¨!jmzdƒ†n%‚Rzr‹ƒ†ngsnƒÁŽngs

qrƒ†…M y‚Rj-n5s/Ž¨#j-z¥Yyœ‚P{:rƒYj-yz‚Pnqin%‚aq%i…ngs@£eo¯j-zsPj!}Vk!ngs/j#zdƒ†n%‚Rzr‹ƒ†ngs‚Pn)qin%‚PqirzdƒŽnds¯j-z¥Yy‚P{?rƒYj-yœzs(ngz

sPrzdƒ†…4s¦‹‚j-zgƒ†n%‚†znƒsayœzdƒulŸk°‹ssay‹€œnzgƒŽngsln%‚sPyzzngs0/% …)ngs¡ŽnÂÍ,ªѺ,rzsP}Ž¨›‹bz,zj€bndr‹§sPqyk-rjm‚n

…k-n%€…}r%€n)q(‹zn¯lnƒ†j°ƒ†n¯l‚P…)Žyœ{<j-zrzqn¥†…{<j-zjmzn)}*ŽjXsPly¿sar%zgƒŽ¨‹znqyœzzn%±j-yŸz,j-zgƒ†n%‚PznƒªŽ5y{<j!qj!kXn

nƒ‹5ƒYj-k-jXsrƒ†n‹‚uŽ¨#j-zdƒ†n%‚RznƒNŽnMl5‹j#sNÑ:rzŸsur‹ž{<yŸj-zŸs'twƒ†rpk!nr‹«¹‰£

¶urpk!nr‹«¹d£he‚†jmzqjmlrk!n5suqr%‚arqƒ†…%‚RjXsYƒYj-“g‹ndsuŽngse‹ƒYj-k#jXsrƒ†n‹‚suŽn¯sPj°ƒ†ngs'Žn¯sPr%zdƒ†…

13254&2,687:9,4<; =>7;@?BADC,=

EGFIHKJ A FMLON0P 48C

JRQ

AB7;S;@=2&7C(AT4&=

J

CU=

=;$7VC,=

J

CW=X2

F

7:9

EGFIHYJ CZS 2

[ L [ AMS@2U7V;

L,F

2 N 9U48;62,;

F C

\T](^_^_]&` a,bOc aRd<c

eWf,^_^_] b5gOc bh,c

d(i5j kBhml(nM` k5bOc kod<c

p,qBj bBhml(nM` bBarc prg5c

a,qBj g5bsl(nM` kBarc kp,c

tTu$vD`xw5]ygBaml(nM` gOc dzg5c

{W|}]8l(v_~(f,uu(€5]3 ‚"ƒ8„X„G…$†5‡,ˆ‰†5Š‹M†s„Œ8†BŽ,ŽO‚Bƒ&,5Œ&‡,…ŠŽ,ˆ5‘ arc dzb5c

{W|}]8l(vW’l&~“@†BŠ‹M†s„Œ8†BŽ,ŽO‚BOŠ”o‚"Žr•W‡5‘ k5kOc pOp,c

{W|}]8l(v‰tTf5`V– j$’l&~“@„Žr•Wƒ3ŒŽ,‚‚ƒ‹Tƒyƒ&,5Œ&‡,…"ŠŽ&ˆ‘ pTdzc kp,c

{W|}]8l(v_^_l<—–˜:| `]yf&v0`>vO™Bš(˜>|]<v5˜›Œ&Ž5‚$‚ƒ‹Tƒy5ƒ‹MœXƒ&ƒZŽrœ•WŽ,œXƒ&‘ p5hrc ka,c

žŸf,|nM`xw5]Gksl(nM`xwT $](¡,™š˜|]<n~(]3`>v5˜£¢ n,– ]<˜:n]<– bOc b5c

kBj>p3l(nM`xwT $](¡,™š<˜|"]<n~(]3`>v5˜x¢ n,– ]<˜:n]<– d<qOc i,c

bBj>a3l(nM`xwT $](¡,™š<˜|"]<n~(]3`>v5˜x¢ n,– ]<˜:n]<– k5bOc dzb5c

g¤l8nD`¥wT $](¡,™š<˜|"]<n~(]3`>v˜o¢ n,– ](˜>n]<–M]<–™Bu$vD` g5qOc prk5c

¦W|@`V™Bf5`§]ZwR vnB]y~(f,nOnB]8¡5|fn¨¢ n,– ](˜>n]X–‰’lU`xw5š’|– b5bOc ki,c

¦W|@`V™Bf5`§]ZwR vnB]y~(f,nOnB]8¡5|fn¨¢ n,– ](˜>n]X–M©Ol(vO–DwOšX’|$– a5prc kh,c

ª

f&vB˜~(]‰«&tT]<¬y­ ¢:nr– ](˜:n]–:®,kOq5qBa

‚Pn% ‚†y5‹l…ngsnzžŽŸn‹±, ‚ay‹lngsxŽœjXsYƒRj-zqƒPs£5nl‚Pn{4j!n%‚¡ ‚Py5‹ln¯‚PrgssPn{pk#n<k!ngs¡qyzŸs¦‹bk°ƒ†rƒ†j-yzsŽn?sPj°ƒ†n5s

n¥¦¥†nqƒX‹b…)ngs¡nz6qyœ{lŸk!…{:nzdƒŽ¨‹bzn³€jXsPj°ƒ†n<qin‹z,l‚rƒYj-qj!nz}'sayŸj°ƒxª¯ƒYj°ƒY‚Pnl‚P…%lr%‚ar@ƒwyœj‚an4r¥Yj-zŽ¨Xrj-Žn%‚

k!n©l‚PrƒYj-qj#nzȪ’{<j#n‹Ÿ±ÉŽœj!r% zys¦ƒYj›“g‹bn%‚,k!r©{:rk#r)Žœj!n}¯syj°ƒ³r¥Yj-zƎn©k‹bjylly¿san%‚:y‹ÉŽnl‚PylysPn%‚‹z

ƒY‚Pr%j„ƒ†n{³nzdƒ¡{<…Žj#qdrkNlr%‚¦ƒ†j-q‹bk#j!n%‚a}xsayœj°ƒÁn%z¥Yj-z«r)€œnq,k¦¨!jmzƒ†n%zdƒYj-yœz­Žn,qyœ{l‚PnzŽ5‚Pn4‹bzn,Ž…qjXsPj-yŸz­y‹§‹z

ƒY‚Pr%j„ƒ†n{³nzdƒsRl…qj-¥Rj!“g‹bn5£5n4sangq)yœzŽ? ‚Py‹lnŽ¨#j-z¥Yyœ‚P{:rƒYj-yzŸs‚Pnk#™%€œnŽ*¨‹bznŽ…{:r%‚PqinŽ*¨#j-z¥Yy‚P{?rƒRj-yz

l5‹‚Pn5£Ÿvk-k!n?…{:rzn:Žn4ln%‚sPyzznkXs/Žn$sPrzgƒ†…:“g‹jŒŽ…5sPj‚n%zgƒlk°‹·sŽn<l‚P…qjXsPj-yŸzs/s¦‹‚‹zn?{?rk!rŽj!n}*‹z

ƒY‚Pr%j„ƒ†n{³nzdƒ†}Œ‹zn?l‚Pyq…Žg‹‚Pn:y‹§‹z§{<…Žj!qr{?nzdƒAlrM‚¦ƒXj!q‹bk#j!n%‚£vk-k!n?ln‹ƒÁr‹ssPj…{:rzn%‚/Žn,{?rk!rŽn5s

q%i ‚Pyœzj!“g‹bngs(“g‹jV€œn‹bk#nzdƒnMz’sPr%€yj‚lŸk„‹ss¦‹‚/k!ngs/…%€yk‹ƒRj-yzŸs(ŽnÄk!n‹‚/{<rk!rŽœj!n}8s¦‹‚/k-n5sAƒY‚PrMj°ƒ†n{<nzgƒPs

rk°ƒ†n%‚Rzrƒ†jm¥Psunƒy5‹žn±l…%‚Pj-{:nzgƒ†r‹±¿£

¶Vrpk#n)r‹:¼£h·‚Rj-zqj-lrk!nsŒ‚Prj#sPyzsuŽnA‚PnqMin%‚PqinŽ¨#j-zŸ¥Yy‚R{:rƒ†j-yœz³nz:sPrzgƒ†…¯sY‹‚ Rzdƒ†n%‚Rznƒ

EGF ?OA87VC F E F ?OA(7C F

tT˜f(’u(^_]y^_š(wO|~(luf&v_^‰lu$lwO|]“`V™Bš(~(|:|rvB] gBprc gOg5c

tT˜f,~(š8w,vB˜]yf&v‰–"˜>l|.– ](^_](nr–D^¨š(w5|~(l&uO™5l(˜>–"|~<vu"|]<˜ b5c aRd<c

tT˜]`§~(˜|$™,– |"f&nM`xwT l8v5– f,^_š(wO|~(l<– |fn prb5c bOq5c

o˜l(|$– ](^_]<nO–:`of&v_^_š(wO](~(|n]`ol&u– ](˜>n5l8–"|}]` ki,c prq5c

o˜l(|$– ](^_]<nO–:`of&v_^_š(wO](~(|n]`x](¡,™š˜|$^_]<nO–@l8u"]&` d8i,c kp,c

ƒ(ˆ! OsˆBŽ,•#"rœXƒyˆ¤,ƒo”oƒ8œX„<Ž,ˆ5ˆƒ(„‡%$M‡rˆB…Oœ'&>”£Ž&ˆ5)(W‚%*ƒzˆ,+5-(…ƒ/.

ª

f&v˜~(]¤«UtT]<¬y­@¢>nO– ]˜>n]<–@®Ok,qOqBa

rŽy5‹pk!n4…%€œyŸk°‹ƒYj-yz6ypbsPn%‚R€œ…n}nz?ƒ†n%‚R{:ngs“g‹¿rzgƒYj°ƒ†rƒXj#¥PstRzyŸ{p‚PnŽn<qyzŸsY‹k„ƒ†rƒRj›yœzs¡ŽnžsPj„ƒ†ngsR‰nƒngz

ƒ†n%‚R{³ngs “g‹brk!j°ƒ†rƒ†j-¥[s tR{<y5ƒYj›€œrƒ†j-yœzs Žns qyzŸsY‹k„ƒ†rƒRj›yœzsR‰ ‚P…%€™k!n–‹bzn €œ…%‚Pj°ƒ†rpk!n {:rƒX‹‚PrƒYj-yœz Žn5s

qy{ly‚¦ƒ†n%{<nzgƒPs@£Ÿ¸<n<lŸk‹s/nz6lŸk‹s/qjpbk#…)n,nƒl‚P…qj#snd}NkX¨#j-z¥Yyœ‚P{:rƒYj-yz§rq“g‹bjXsn$s¦‹‚k!ngssPj„ƒ†ngsln%‚P{:nƒ

r‹±:lrƒYj!nzgƒPsuŽn{?j!n‹±:qy{l‚PnzŽ5‚Pnk!r¯{:rk#r)Žœj!n}Ÿk!nsRÃsYƒ†™{:nŽnsPrzgƒ†…nƒNq)yœzdƒY‚Rjp5‹bnª¯{<yŽjm¥†j#nM‚Vk!n‹‚

qy{ly‚¦ƒ†n%{<nzgƒ·¥Yrq)nr‹Ÿ±³l‚PngsPqM‚[j-l5ƒ†n‹‚s£

0123146587%7:9<;5>=@?BA<C;ED=@?<?GF@5>;;HF@?GD,C;CI#9JI/5LKM5>;FI/5>=@?BF@9N?<5OPCF@9BD,=K8K>CD I/587

n¬sangq)yœzŽ”zj›€bndr‹ nds¦ƒ´qyzŸsYƒRj°ƒX‹b…ÈŽngs ‚Py5‹lngs­Žn l‚PngssPj-yŸz zyz”l‚ayœ¥YngssPj›yŸzznkXsP}‚Prgssan{³pk!rzgƒ

l‚Pj-zqj-lrk!n{:nzgƒŽngs/‹esar% n%‚s³ŽŸngs,sRÃbs¦ƒ†™{<n5s<Žn’sayŸj-zs<y‚R r%zjXsP…5s<nz¤rgssayŸqj-rƒRj-yzŸs@£uŠx‚a…n5sly5‹‚4k!r

lk°‹lr%‚¦ƒŒlr%‚8ŽndsV{³…Žndqj-zsnƒ'Žngsul‚Ry¥Yn5ssPj-yŸzznkwsŽn4sarzgƒ†…ly5‹‚1s†y5‹5ƒ†n%zj‚nƒŒjmz¥Yy‚P{<n%‚8k!ngs{:rk!rŽn5sa}

qngs r5ssayŸqj-rƒ†j-yzsšsn sPyzgƒ®l‚ayœ ‚PndssPj€n{:nzgƒÆƒ‚Pr%zŸsP¥Yy‚P{<…dngs nz qyœzdƒY‚Pn‡¦ly‹€œyœj˂s”‚anqyzzg‹·s nƒ

‚Pn%l‚a…gsPn%zdƒ†…gsuŽrzŸsuk!ngsuj-zs¦ƒ†r%zqdngsNl‚Py¥Yn5ssPj-yŸzznk#k!n5sutwndqjm{p‚Pnnƒ@QSRLTMT¼ÍÍ5¼‰£%h·y5‹‚8sPnA¥Yrj‚nn%zdƒ†n%zŽ5‚Pn)}

qngsrgssayŸqj-rƒRj-yzŸsj-zgƒ†n%‚R€j!nzznzgƒ(r‹¤{<yœÃnz«ŽŸn${:rzj#¥†ngsYƒ†rƒYj-yzsP}8Žn,‚Pn€œnzŽœj!qdrƒYj-yzs/lyŸk-j°ƒ†j-“g‹ndsP}8Žn

lr%‚¦ƒYj›qj-lrƒ†j-yzŸsÁr‹±’j-zsYƒ†r%zqn5sÁŽ…qjXsj-yzznk#k!ngs@£Ÿ¢y5pMµn qƒYj-¥¡…ƒ†r%zgƒ1Žn?Ž…¥¦j-zj-‚Žn5sr%±œnsÁŽnŸVU¸<}NŽn5s

Žngs{:rk!rŽj#n5sÁyœ‚†link#j-zn5snƒ†}Vs¨!yœ‚R rMzjwsarzgƒ¡nz‚P…dsPnr%‹±§j-zgƒ†nM‚[zrƒ†j-yœzr‹±«twvu~ 1¸ }*vo

'

‰P}Vsn

¥Rj±bnzgƒŒŽngsu{<jXssPj-yŸzsur%Ãrzdƒ*‹zn(j-z¥Rk‹bnzqnŽj-‚Pnqƒ†n¯sY‹‚8k-nsPnqƒ†n‹‚Nlir%‚P{:rqn‹ƒ†j-“g‹bn5£Á¨#o(¾b½ nds¦ƒ†}lr%‚

n±œn{<lk!n}Vª,kY¨#y‚Pj jmzn,Žn,k!r,q%‚P…rƒRj-yz§Žg‹

'

…z…ƒYiyz}u“g‹·¨#nk#k!n,r,¥¦j-zrzq…? ‚(/)qn,r‹—¶V…k!…ƒYiyœzb£(‚¯k!n

'

…%z…ƒYiyœz³r(k!r%‚R n{:nzgƒŒqMyœzdƒY‚Rjp5‹b…r‹6sP…)“g‹bnz²r% nŽg‹: …%zyŸ{<nig‹b{?rj-z£

013146587%7:9<;5>=@?BA<C;ED=@?<?GF@5>;;HF@?GD,C;CI#9JI/5LKM5>;FI/5>=@?BF@9N?<5OPCF@9<=KM5LI/5 <9<C

¸³n%l5‹jXsÈk#n‹‚Æj-zs¦ƒ†r‹‚PrƒYj-yz ŽrzsÈk!ngsÈrzz…)ngs”sayŸj±rzgƒ†n nƒ˜k›r‘l‚PjXsPn Žnšq)yœzsaqj!nzqdn Žg‹ ‚Pj#sa“g‹n

lirM‚[{:rq)n‹ƒRj›“g‹bn}*k!ngsl‚PyŸq)…Žg‹‚PngsxŽ¨#r‹ƒ†y‚Rj#sarƒ†j-yœzžŽn{?jXsPn?s¦‹‚k-n{:r%‚Pqi…žsan4sPyzgƒul‚ayœ  ‚PngssPj€œn{:nzgƒ

‚Pn%z¥Yy‚Pq…)ngs£o/jmzsj-}Žg‹6lyŸj-zgƒŽn€5‹bn4sYƒY‚Rj-qƒ†n{<nzgƒsar%zjmƒ†rMj‚Pn}Ÿ‹znzy‹€œnk!k!n³{³yŸk!…q‹bk#nŽyŸj°ƒulrgssPn%‚V‹bz

l‚Pyqngss¦‹suŽnŽ…€œnk-yœlln{:nzgƒus¦ƒ‚Rj!qƒ†n%{:nzgƒ·‚P™% k›n{:nzgƒ†…nƒ·Ž…qy5‹l…An%z³qj-z“³lirdsPn5s8s¦‹bq)qn5ssPj€bn5s£

rAlirgsan}lir5sanŽnAlir%‚P{<rqy5€j- Ÿj!k#rzqgn)}œ¥†rj°ƒNk!¢ypMµnƒŒŽ¢‹bznrƒXƒ†n%zdƒYj-yzlr%‚¦ƒYj-q‹k!j#™M‚PnŽn(k›rAlr%‚¦ƒŒŽngs

lrƒYj-nzdƒPs,nƒ4Žngs,r‹ƒYy‚Rj°ƒ†…gs6sPrzj°ƒ†rj-‚Pngs@£VhNy5‹‚,q)n%‚wƒ†rj-zn5s:lrƒYiyk-y Ÿj!ngsa}(k!ngsžr5ssayŸqj!rƒYj-yzs,Žn§lrƒ†j-nzgƒPs

µPy5‹bnzgƒ‹z‚ k-nŽn¯sY‹‚¦€nj#k!k!rzqdn5£

¡¨#j-zŽg‹·s¦ƒY‚Rj-n¯Ã<ƒY‚Py5‹€n(‹z,j-zdƒ†…%‚ƒ'qr%‚n%k-k!nŽyj°ƒŽ¨‹zn¯lr%‚¦ƒŒ‚P…r% j‚k-n/lŸk‹s8‚ar%lŸj!Žn{:nzgƒulyssPjpk!n¯ly5‹‚

‚PnƒYj˂Pn%‚:Žg‹®{<r%‚aqi…’Žngs<l‚ayŸŽg‹bj°ƒPs¡µ¦‹ …ds:Žrz  nM‚Pn‹±vk-k#nln‹ƒ†}¡Ž¨#r‹ƒY‚Pnlr%‚wƒw}An%¥Y¥†nqƒX‹bn%‚,s¦‹‚‹bzn

lyl5‹k-rƒ†j-yœz´Žn³ƒ†rj-k#k!n<‚P…nk-k#n:ŽŸnds…ƒX‹bŽndsAlys¦ƒ†‡¦oA½«½®£Šnk-k#n5sa‡RqjNln%‚P{<nƒXƒ†n%zdƒ¡r‹±§¥Yj‚P{:nsÁŽn³ƒY‚†y5‹€n%‚

Ž¨!r‹ƒY‚PngsjmzŽœj!qrƒRj-yzŸsr‹±,{³yŸk!…q‹bk#ndsP}Ÿl‚Pyk-yz5 nrzdƒurj-zŸsPjk!r¯Žg‹‚P…)n¯ŽnA€j!n¯nƒuk›r(l‚Pygƒ†n)q@ƒYj-yzAµR‹‚Pj-Žj!“g‹n

Žngs,l‚ayŸŽg‹j°ƒPsÄt®nj-z{?rzz}(¼ÍÍÂ5‰£8¸³nÌk-n‹‚6qRƒ†…M}k#nds6r‹ƒ†y5‚Rj°ƒ†…dssPrzj°ƒ†rj-‚Pngs6q)yŸ{<{?n˜k!n5s,lrƒ†j-nzgƒPs

€yj-nzgƒ†}Žr%zŸsk!r¯lir5sPnŽn¯lirM‚[{:rq)y€j- jmk!rzqn}Ÿ‹z,{žyÃnz,Žn¯p…z…¥†j#qj!n%‚Žndszy5‹€nk#k!ngs{<yk#…)q‹k!n5s

ƒYy5‹5ƒ*n%zl‚P…€œnzrzgƒ·k!ngsN‚PjXsP“g‹bngssPrzj°ƒ†rj-‚Pngsur‹±:{<yŸj-zŽ5‚ngs'qy ƒPs£

#FI/5MC! " 1##FI/5MC,? I ;%$/D=@?<;H=#&'& FI/C9(;CI#;/IFI*),+@5MC;!A<C;)7'5-.& C;

¡¨!ypMµnqƒ†j-¥8Žn<qnƒ!ƒ†n³lrM‚wƒYj-n<ngsYƒŽn<{<yzgƒY‚Pn%‚x“g‹bn³k›ns¡qirz  n{?nzdƒPs¡yœ‚R rMzjwsarƒ†j-yœzznkwssY‹‚R€nzg‹s¡Žrzs

k!n³sanqƒ†n‹‚uŽnk-rAlir%‚P{:rqj!ntRŽ…5sPj-zgƒ†…% ‚PrƒYj-yœz€œn%‚¦ƒ†j-qrk!n¯Žg‹6sPn)qƒ†n‹‚P}gƒ†n%zŽr%zqnªk!r³s†l…qj#rk!jwsrƒYj-yœz³ŽŸn5s

¥Rj‚P{:n5snƒ/n± ƒ†n%‚Rzrk-jXsrƒ†j-yz’Žn6k#r SU¸ say‹sk-r$¥Yy‚[{:n6Žn¯µPyŸj-zdƒA€nzdƒX‹‚Pn$nƒy‹ÌŽnÄlrM‚wƒ†n%zr%‚Rj!rƒÁlr%‚

n±œn{<lk!n%‰ ln‹€nzgƒ ƒY‚Pn rMzrkÃs…gs qyŸ{<{:n ‹zn rŽr%l5ƒ†rƒYj-yz Žngs ¥†j‚P{?n5s r‹± qirz  n{:nzgƒPs

ƒ†nq%i zyŸk›yœ j-“g‹bn5sunƒŒr‹<zy‹€œnr‹:ly5‹€yj‚uŽngsNlrƒYj!nzgƒPs@£

/·ê =×8×Ô8àHEÞäààäߝÜ#ՁÖ-ÔRÛÕà„ÔÜNÚXæPÕ°ÞH=ÛdÜeÙMÔ8àHEí Y X”ÔRÛ YgÖÚwÛMæPÔ8ÔPÕÙ*EíeæPÕ4_10*ݳÚwßBS32Õ-Ú¦Õ-Ü_10*ÛMÞËÜeÙÚXÛdÜ*àÔ1ÙB=סÚwÞäÛ)Ô1ÙÔ8àËÚVÖ-ÔPæRèMÔPÖmæRè)Ô

×åPÙÞäæÚwàäÔÔPÕ·Ùß<Ý)ÖmÞISÙ%ÔÜVÕ°è)åPÖXÚwÝMÞäÔÜXâ5íÞäÛdÜmބçí·æ[Õ_ 0*Ý:ÔÜ#Õ*ÞäÛ)ՁÔPÖA@Ô¦ÛMß,ÚXß%Ý)ÖJÜVÙMÔAàËÚY4Ví˜ÝR=ß)Ö= :ÕËÔaÛMބÖNàËÚxà„ÔA@å[ÔAÝ)Ö#å†æ =MæRÔ

ÙBFÔÜXÜXÚwÞËÜæRàÞäÛMÞICßMÔÜ ;*àHFäÚAMÔ¦ßMá[à„ÔéסÚYÖXÜ ULž6587 ñç8; OÚwÞäÛ)ՉÚYՁÖmÞæ*9ÁêÚ¦Õ°è)ÔPÙ%Ö Úwàé4Ujž65Tžñç ÚßMÝÖ?JÜ¿ÙMÔÜìÚ¦Õ°ÞH=ÛdÚXà Wm۝Ü#հބհß)ՁÔÜD=ë „8ÔÚà„Õ°è

é4UTž%ž

ïPñ çÔPՁæâ

:gíÞäÛdÜmބçݝڦÖÔ SÔR×8ÝMàäÔPçà„Ô ðPï Ü#ÔRÝՄÔR×M:Ö!Ô îïï6; çÔaÛ¡ÖÚÞËÜ=Û¡Ù%Ô·ÖmÞËÜCßMÔPܜÞäאÝR=MÖ#Õ-ÚXÛÕ-ÜÙ*FÚ¦æPæ¦Þ„Ù%ÔRÛ)Õ-ÜæÚYÖ#ÙÞH=B_0A)چÜ#æ¦ß%àÚwބÖ-ÔܜàäÔ=<ÞH= SVS?>

ÔÜ#ÕÖ#ÔPÕäބÖ#åNÙßA×1Ú¦Ö-æaè)åâRW›à Ö-ÔRÝÖ!åÜmÔRÛ՛ÚwÞ„Õ U ï?@ ÙÔÜ AMÔRÛ)ՁÔܟÙMÔ XAÔPÖ#æA9xÔ[ÕÚ·ë#ÚwÞ„Õ æRè%ß)Õ°ÔPÖÙ%Ô ;ï?@ ÜmÔÜÚwæPÕ°ÞH=ÛdÜX⎆Û¡ÝÔYßÕÖ-ÔRæPÔRÛdÜ#ԆÖ

ÙBFäÚwß)ՁÖ#ÔÜ8æÚRÜ1æ=×8×Ô¯àHFWXÜ=×åPÖmބÙÔ> ÔPÕ'àÔ&‰=Û)Ù%åPÖXÚ#àB> ÖmÔPհބÖ-åÜ1ÔYÛTUTž%ž65(ˆ¿àÔDCåERßàäàäÞäÛ.>šÖ!Ô[ՄÞäÖ#å/ÔRÛ îïïï ÔPÕ'à„ÔGFbÚHPæ=à>

éäæ=×8×ÔPÖ#æ¦ÞËÚXàÞËÜ#åÔRÛYÖXÚXÛæRԌÜ=ߝÜgàäÔÛR=קÙMÔ OÕ-Úwà„Õ4=MÖ >

ñ

Ö#ÔPÕބÖ-åÔRÛ

îïï Uâ

¡¨!…)€œyŸk°‹ƒ†j-yz ‚P…qdnzgƒ†nʎg‹ sPnqƒ†n‹‚ lŸir%‚P{<rdqn‹ƒ†j-“g‹¿n r …ƒ†… {:r%‚P“g‹b…n lr%‚ Žngs qirz5 n{:nzgƒPs

y‚R r%zj#sarƒRj›yœzznkXs,{:rRµn‹‚s@£8ŠAnƒ#ƒ†n§…€yk°‹ƒRj›yœz¤r«…ƒ†…{?rM‚P“g‹b…n§Ž*¨‹bznlrM‚¦ƒlrM‚³‹z¤{<y5‹Ÿ€œn{?nzdƒ<Žn

‚Pnq)n%zgƒY‚PrM n Žngs˜ ‚Pr%zŽn5s ¥Yj‚P{:n5s¤r‹–qy5‹‚s¤Žg‹b“g‹bn%k´Žn”zy{p‚Pn‹·sPndsÆsqjwssPj-yŸzs¤nƒ’¥#‹sPj›yŸzŸs¤yzgƒ

‚PnŽndssPj-z…(k!n¯sangqƒ†n‹‚£A½¤rj#suqdnƒ!ƒ†nA‚PngsXƒY‚¦‹bqƒX‹‚PrƒYj-yœz³r(k!rjXssP…k#rAlk!rqn}qyz¥Yyœ‚P{<…{:nzgƒŒªkX¨#rzrkmÃbsPnŽn5s

Ž5Ãzr{:j#“g‹bn5sŽn/qirz5 n{:nzdƒuŽnƈ:nkwsayœz:nƒ(®j-zgƒ†n%‚a}ª¯Žnzy{³p‚Pn‹sansulnƒ†j°ƒ†ngs¥¦j˂[{:n5ssRl…dqj!rk-jXs…n5s

qr%lr%pk!ngsuŽnq)r%l5ƒ†n%‚Nk-ngs'Žœj-¥R¥†…%‚Pnzgƒ†ndsurqƒYj€j°ƒ†…5sun± ƒ†n%‚Rzrk!jXs…ngsNlr%‚uk-n5sN ‚PrMzŽn5su¥¦j‚P{:n5s£

#, !T

LT

,,

oA‹«Ž…%p5‹ƒ¡ŽngsÁrzz…n5s/sPyŸj±œrzdƒ†n‡RŽj±§k!nsÁrqƒ†j€j°ƒ†…gslir%‚P{<rq)n‹ƒRj›“g‹bnsÁ…ƒ†rj-nzgƒx‚P…rk-jws…)ngs/r‹¤sPnj-z§Žn5s

j-zŽg‹s¦ƒY‚Pj-ngs¡qij!{?j!“g‹bn5s£Šngs¡¥Yjm‚P{:n5sl‚Pn%zrj!nzgƒxk-r4¥Yy‚P{?n<Žn ‚Py5‹lngs¡Žn¯ƒ†r%j-k#k!n4j!{<lyœ‚Xƒ†r%zgƒ†n)}*j-zgƒ†…% ‚a…n

nƒ'“g‹jŸ‚P…)rk-jXsrj!nzdƒuŽngsrqƒYj›€j„ƒ†…sŽn/qijm{:j!nR}ŽnlirM‚[{:rqj-n/nƒ'Ž¨#r% ‚ayŸq%ij!{<j#n £œoA‹ÄŽ…%p5‹ƒuŽnds8rMzz…dngs

“g‹brƒY‚Pn)‡w€j-z5 5ƒ†‡†Žœj± qngs« ‚PrzŽŸs« ‚Py‹lnds’j-zgƒ†…M ‚P…gs§€n‚¦ƒYj-qrk!n{:nzdƒ§yzgƒ©q%y{<{?nzq…É‹bzn®lirgsPn•ŽŸn

Ž…gsPj-zgƒ†…M ‚PrƒYj-yz<nƒŒŽ5yzqŽnq)ngssPj-yzsuŽnqn%‚¦ƒ†rMjmzn5suŽn(k!n‹‚surqƒYj€j°ƒ†…gs@£5Šn{<y5‹Ÿ€œn{:nzgƒŒŽnA‚Pn)qn%zgƒY‚ar% n

Žn’¥Yj‚P{?n5s,j-zdƒ†…% ‚P…ngs6s¨ngs¦ƒ:nMzŸs¦‹bj°ƒ†n§ly‹‚sY‹j€jlr%‚,k!r˜sP…%lr%‚arƒYj-yzƎn5sžrqƒYj€j°ƒ†…5s,Žn§lir%‚P{<rdqj#n«nƒ

Ž¨!r% ‚Pyq%ij-{?j!n5£<oA‹ Ž…%p5‹ƒ«Žngs—r%zz…n5s˜Žn‹± {<j#k!k!ng},Žn®zy{p‚Pn‹san5s˜¥¦j-‚P{:ngs—yœzdƒ˜sPqj-zŽ…”k!n‹‚s

rqƒYj€j°ƒ†…5sa}Ÿnƒ*ŽngsNyl…%‚PrƒYj-yzsuŽnqngssPj-yŸz<yzgƒŒrq)q%y{lr z…k!ngsuyl…%‚PrƒYj-yzŸs'Žn(¥#‹sPj-yzs£

h·‚Ry ‚PngssPj€n{:nzdƒÁqn?l‚PyqngssY‹es(Žn,qgndssPj-yœz‡R¥w‹sPj-yz§r$q)yœzŽg‹j°ƒÁª4‹bz‚Pnq)nzdƒY‚Pr% n,ŽngsrqƒRj€j°ƒ†…gs(nƒ/ª

‹zn ¥Yyœ‚Yƒ†n sRl…qj-rk!jwsrƒYj-yœz Žnds ¥Yj-‚[{:ngs@£ oA‹)µPy5‹‚PŽ¨#ig‹bj•qdn l‚PyqngssY‹s sPn ly5‹‚s¦‹bj°ƒ r€œnq ‹zn

sRl…)qj!rk#jXsarƒRj›yœz¤Žn5s:¥¦j-‚P{:ngs:Žrzs:qn%‚¦ƒ†r%j-zngs:qk!r5ssansƒi…%‚ar%ln‹ƒ†j-“g‹bn5s:y‹ÉŽr%zŸs:q)n%‚¦ƒ†rj-zngs:…ƒ†rMlngs:Ž‹

l‚Pyqngss¦‹sžŽn©l‚PyŽg‹bq@ƒYj›yœz}n%z lrM‚¦ƒYj-q‹bk#j!n%‚,k!r©‚anqin%‚PqMin’nƒ:Ž…€nk-ylln{:nzdƒ:tRŠy5‹5ƒYj-znƒ4nƒr% ygƒ†‡

¸/‹€r‹‚Py5‹±}¼ÍÍÂ5‰£

!D

8T1

SR ,

,

8T1

?,

nÆsPnqƒ†n‹‚qyz5zrjwssarj°ƒ†}r‹‘Ž…p5‹ƒÄŽngs´r%zz…nds“g‹¿rƒY‚Pn)‡w€j-z5 5ƒ†‡†Žœj±}‹z”zj€bnr‹‘Žn qyzq)nzdƒY‚PrƒYj-yŸz

{<yœÃœnz$lk°‹·s¥Yrj›pbk!n?“g‹bn:Žngsj-zŽg‹s¦ƒY‚Pj-ngsÁŽn?qij-¥R¥X‚n?Ž¨r¥Y¥†rj˂Pn5sqy{lbr%‚Prpk!n:tak!n,sPnqƒ†n‹‚r‹ƒwyœ{<y5pj-kXn

lr%‚6n±œn{4lk!n%‰£8ngs6rzz…dngsēg‹brƒY‚Pn‡w€j-z  5ƒ†‡RŽœj±•yzgƒž…ƒ†…’{³r%‚P“g‹b…ngsžlr%‚?‹zn—€œr% 5‹bn˜Žn˜¥w‹sPj-yzs6nƒ

rq“g‹bjXsPj°ƒ†j-yœzsÁŽ¨#r{<lŸk!n‹‚j-z…% rk!…dn?“g‹bj8r?¥Yy‚¦ƒ†n{<nzgƒ1r‹ Ÿ{³nzdƒ†…?k!n?Žn% ‚P…,Žn,q)yœzqnzgƒY‚PrƒYj-yz§ŽrzŸs/kXr

lirM‚[{:rqj!n5£¡¨#j-zŽg‹esYƒY‚Rj-nlŸir%‚P{:rqn‹ƒ†j-“g‹bnz¨#n5sYƒulrgskXr4san‹bk#n<j-zŽg‹s¦ƒY‚Rj!nqyzqdn%‚†z…dn¯lr%‚¡qnƒ!ƒ†n(€rM 5‹n

Ž¨!yœl…%‚arƒYj-yzŸsÁŽn?¥#‹esPj-yzŸsÁnƒ¡rq“g‹bj#sPj°ƒ†j-yŸzs{:rjws(nk-k!n?n5sYƒlr%‚R{<jNk!n5s¯sangqƒ†n‹‚s¡k#ndsAlk‹s1ƒ†y5‹bq%i…dsr€bndq

k!n5s®jmzŽg‹sYƒY‚Pj-ngs®l…ƒY‚†yœk-j!™%‚Pn5sÉnƒÆk!ngs¤ƒ†…k#…)qyŸ{<{‹zj!qr%ƒYj-yzŸs@£ž¸³n%l5‹bjXs ¹Mºº5Ñ}©k!n5s®“g‹bjmz@n l‚an{<j!n%‚s

k!r%py‚PrƒYyj‚Pndslir%‚P{:rqn‹ƒ†j-“g‹bn5s§yzgƒ´…ƒ†…Æn%z5 rM …gs§Žr%zs§r‹ {<yjmzs6‹znÈyœl…%‚arƒYj-yz ŽnÆ¥#‹esPj›yŸz nƒ

! bÖXÚ¦ÙބÕÞH=ÛMÛÔRàà„ÔRאÔRÛÕdàäÔܜÞäÛ)ÙßdÜ#ՁÖ-ބÔܜæRèMÞä×VÞHCß)ÔܜåPÕ-Ú#ބÔRÛÕ ÙÞIAÞËÜ#åRÔܟÔRÛՁÖ?=ÞËÜbÜ#Ô[æPՄԦß)ÖXÜ,Z[àËÚ¿æRèMÞä×8ÞäÔNÙÔ :ÚRÜ#Ô8éI=ß¡æRèÞä×8ÞÔeàH=ßÖ!ÙÔ ñç

àËÚæRè%Þä×8ÞÔNë°ÞäÛ)Ô CßMÞÙå AÔRàH=Ý%Ý)ÔeÙÔÜ5ÝÖ?=%ÙßMބÕ-܍ÞËÜXÜmߝÜÙ%ÔàËڟæRè%Þä×8ÞÔeÙMÔD:dÚRÜ#Ô·ÔP՝àËÚæRèMÞä×8ÞäÔ·ÙÔNÜmÝ)å[æRÞÚwàäބհå·Ù%ÔÜ#ÕäÞäÛå†Ô ;ŸàËڟ×8ÞËÜ#ÔNÜmß)Ö5àäÔ

סڦÖ!æRèåÙÔ܍Ý)Ö=MÙßބÕ-Üë›Þä۝ÚwßBSeÔPÕÔRàà„Ô _× QR×ÔÙÞAÞËÜmåPÔÔRÛÙÔRß*S'Ü=ߝÜ_!ÜmÔPæPÕ°ÔRßMÖ!çà„ÚŸÝdÚYÖXÚXæaèMÞä×8ÞÔ*ÔPÕ%àËÚÝ%èÚ¦Öm×1Ú¦æRÞäÔâ

s¦‹bq)qngssPj-¥[s@£o¯j-zsPj!}lr%‚¡n%±n{<lŸk!n}k#nzd‹{:…%‚Py?‹bz,{<yŸzŽj-rk-}¿hŒ¥¦jL n%‚r<…ƒ†…q)yœzs¦ƒ†j°ƒX‹b…¯lr%‚kY¨#r)q“g‹jXsj°ƒ†j-yŸz

Žn¯h·ir%‚P{:rqj!r4nƒŽnnr%‚Pk-nÏk!n4zg‹b{:…%‚PyŽn‹±}

'

k-r%±by {<j°ƒYik#j-zn?ngsYƒj#ssY‹§Žn<qj-z“$yl…%‚PrƒYj›yœzs¡ŽŸn

‚Pr%ll‚†yq%in{:nzgƒPs£Vn§ ‚Py5‹ln r%zy¥Yj-‡Ro(€bnzgƒYjXsa}Al‚Py€j!nzdƒ:Žn’k-r’¥X‹sPj-yŸzÈnzgƒY‚Pn ŸrMzy¥¦jnƒ<oA€bnzgƒYjXsa}

¥Rj‚P{:n’qM‚P……dn}n%z ¹MººŸ» }A ‚(/qn«ª’k!r’¥w‹·sPj-yzƎn Ái zn‡whŒy5‹k›nzq’nƒ4Žn ³yŸnqMiŸs¦ƒ£ŠngsžŽjm¥†¥R…%‚anzdƒ†ngs

yl…%‚PrƒYj-yœzs6yzgƒ<ln%‚†{4jXs6Žn˜qM‚P…n%‚žŽngs6¥¦j-‚P{:ngs6Žn© ‚r%zŽn5s4ƒ†rj-k#k!n5s,nƒ<l‚P…gsanzdƒ†ngs6s¦‹‚,k!ngs6{:r%‚Pqi…5s

{<yŸzŽœj!r‹±:twƒ†rpk-nr‹žzÂ5‰£

¶urpk!nr‹žÂ n%zgƒ†ndsuŽngsNlk°‹sN ‚PrMzŽngsuqyŸ{lr% Ÿzj!ngs'nz¼ÍÍÂ

2 F ; 4 N CU= C F

7CU=

N ;SS; 2,4 J = J C

2&A

J

C364

L

; =X=X2

F

6&C

L

d t:|&](˜ b d<b‰c

k yul¡Of

ª

^_|$–"©Wu"|$n] pTd hWc

p ª

l(nf:| jZ}](nO– | ` kBa k5k‰c

b ž ](˜~f kBp d5d c

a Xf,©nM`f,nf,©5nM`f&n k5k d<g‰c

g {Wf}l&˜>–"| ` k5q k5b‰c

W`>– ˜>l! £](n](~8l d(h aWc

i "G˜|@`V– f,u@j@ž$#](˜X`Xjª rvB|’,’ d(a hWc

h %Zf,~(©] d(a k5q‰c

dzq G’5’ f&–"– d(p d(asc

ª

f&v˜~(]‰«,wT l8™5˜`¥{Wf,˜ –"©5˜>vO™  k5qOq5a,‘

ˆ:nkXsayœz nƒ ®j-zgƒ†nM‚’tY¼ÍÍ5¼‰§n±lk-j!“g‹nzgƒ´k-n5s«qyzqnz5ƒY‚PrƒYj-yzŸs«Ž¨!nzgƒY‚Pn%l‚Pj#san5s«nz ŽjXs¦ƒYj-z5 5‹¿rzgƒ­Žn‹±

Ž5Ãzr{:j#“g‹bn5s«Žn®q%irz5 n{:nzgƒ£rÉl‚an%{<j#™M‚Pn®ŽÃzr{:j!“g‹bn ln‹ƒTƒ ‚PnÆk-j#…)n¬ª ‹bz Ž…%€nk-ylln{:nzgƒ

n± ƒ†n%‚Rzn<Žn<k#r,sPqj!nzqn}enk-k!n?ngsYƒrk-y‚s¡“g‹brk-j#¥Rj!…n<Žn } ?T

,'& ? £œxr?sPndqyzŽn}ln‹ƒx…{³n%‚R n%‚

r‹«zj€bnr‹«Žn,k!r?¥Rj-‚P{?n)}Nq5¨XngsYƒ8‹z§qirz5 n{:nzgƒ‡}<q‹{‹bk!rƒRj-¥y£ˆ:nkXsayœz§nƒ ®j-zgƒ†n%‚/{<yzgƒY‚PnMzgƒ¡“g‹·¨‹z

‚P…% j-{:n¬Žn®qirz  n{:nzgƒ­q‹b{¯‹bk#rƒRj-¥´r)€œrzgƒ†r% n®k-n5s’¥Yj-‚[{:ngs«nz lk!rqn}:n%z lr%‚¦ƒ†j-q‹bk#j!n%‚«k-n5s’¥Yj-‚[{:n5s

Žy{4j-zrzgƒ†ndseƒ†r%zŽjXs“g‹N¨‹z³qirz5 bn{:nzgƒy} ?T

$& 6. <l‚Pj€j#k!…% j!n¯Žngs¥¦j-‚P{:n5sNlŸk‹sulnƒ†j°ƒ†ngsurj-zsj

“g‹bnk-ngsunzgƒY‚ar%zgƒPs@£

ngsÉqirz5 n{:nzdƒPs˜ƒ†nq%izyk-yœ j-“g‹bn5s”sY‹‚¦€nzd‹esȎrzs®k!n snqƒ†n‹‚ lir%‚P{:rqn‹ƒ†j-“g‹bn}jXss¦‹sɎnškXr

‚P…€œyŸk°‹ƒYj-yz Žngs pj-y5ƒ†nq%izyŸk-y j#ndsP} ln‹Ÿ€œnzdƒ ƒY‚Rn “g‹brk-j#¥Rj!…5s Žn } ?T

, & .  nƒ

s¨!rqdqyŸ{lr% Ÿznzgƒ†}Æqyz5¥Yy‚P{<…{:nzdƒ ª kY¨!rzrkmÃbsn Žn ˆ:nkXsPyz nƒ ®j-zgƒ†nM‚P}Ǝn kY¨!…{:n%‚† nzqn ŽŸn

zy{³p‚Pn‹sans/lnƒ†j°ƒ†ngs¥¦j˂[{:n5s£ŒŠ1nMlnzŽrzgƒ†}8qnƒ#ƒ†n6ŽgÃzr{:j#“g‹bn6z¨#r,lrgs<…%€j-zq…$k!ngs¥Rj‚P{:n5snz§lk#r)qgn £

Šnkmk!n5sP‡†qj›}8qyzgƒY‚k-rzgƒ/k-ndsrdqƒYj-¥Ps?s†l…qj#rk!jws…dsqk!…5sqyœ{<lk!…{:nzgƒ†rj‚angsr‹Ÿ±—zy5‹€bnkmk!n5sƒ†nq%izyŸk-y Ÿj-n5sa}

yzgƒ´…ƒ†…Æqr%lrpk›ns­ŽnÌp…z…¥Yj#qj!n%‚§ŽnÈqngs§ŽnM‚[zj!™%‚angs«n%zšsanÆ¥YyŸqrk!jwsarzgƒ§s¦‹‚§k-nds§r%llk#j!qrƒ†j-yzs§Žn5s

ƒ†nq%i zyŸk›yœ j-n5sŽn4pbrdsPn5£Ÿvk-k!n5syzgƒ1rk›yœ‚sÁk#rjXssP…:Žn5szjXq%in5sŽrzsk!n5sP“g‹bnk#k!ngsÁk#n5szy‹€œndr‹Ÿ±­nzgƒY‚PrMzgƒPs

yzgƒl5‹žŽ…€œnk›yœlln%‚Nk!r1ƒ†nqMi5zyk-yœ j-n5£

®j-zgƒ†nM‚£Pknds¦ƒur‹µPy5‹‚PŽ¨-ig‹bjqyŸ{ly¿sa…¯ŽnAƒY‚P™gsu ‚†y¿ssPngs¥Yj‚P{:nsk!nrŽn%‚s }<k-n5sVpj- ?lir%‚P{<r:tRqy{4{:n

h·¥¦jL n%‚´nƒ

'

k-r%±y‰´“g‹jqyn±jXs¦ƒ†n%zdƒ6r€œnq Žn5s´¥¦j-‚P{:ngs§Žn’ƒ†r%j-k#k!n {<yÃnzzn¤tRqy{<{?n yq%in%‰{<rdj¦s

rqƒYj€œns/s¦‹‚k›n?{?rM‚Pqi…?{<yzŽj!rkunƒ¡Žngs¡lnƒYj°ƒ†ngs¡¥¦j-‚P{:n5s¯say‹€œnzdƒsRl…)qj›rk!jXsP…dngsÁŽrzsk!r4‚Pn)qin%‚Pqin:nƒ

Ž…€œnk›yœlln{:nzgƒ£

3#

3R>T8 LT

3,

3T

LTT

n l‚Pyqngss¦‹s Žn s†l…qj#rk!jwsrƒYj-yœz Ž…q%‚Pj°ƒ l‚P…q…)ŽŸn{<{:nzdƒ s¨!rqqyŸ{lr% Ÿzn Ž¨‹bz {³y‹€bn{:nzgƒ

j#{<ly‚wƒ†rMzgƒŽ¨!n±5ƒ†n%‚†zrk#jXsrƒYj-yz˜ŽnqnM‚¦ƒ†rjmzngs:rqƒYj€j°ƒ†…5sƒY‚Pr)Ž5j°ƒYj-yzznk-k!n5s£uŠn$l‚Pyqngss¦‹·s<r{<y‚Pq…$ly5‹‚

k!n5surqƒYj€j°ƒ†…5suŽn¨ U¸”ƒ†y5‹bq%inr‹µPy5‹‚PŽ¨-ig‹bjœƒ†y5‹5ƒ†ndsNk-ngs…ƒ†r%lndsuŽnA¥Yr%p‚Pj!qrƒ†j-yœz}œzyƒ†rM{4{:nzgƒ·k-n5su…ƒ†r%lngs

ŽnAl‚†yŸŽg‹bqƒYj-yz<nƒŒŽnq%y{<{:n%‚Pqj!rk!jXsrƒYj-yz£

¸³r%zsk!r4lirgsPn:ŽŸn SU¸³}'j!kunsYƒz…)qn5ssPrj-‚Pn:ŽŸn:Ž…qy{4lysPnM‚k#r<‚PnqinM‚Pqin?Žg‹—Ž…%€nk-ylln{:nzdƒ¡“g‹j

{<yœpj!k#jXsPnzdƒNŽ5j-¥R¥†…%‚Pnzdƒ†ngsuqy{l…ƒ†n%zqdngsuŽngsu¥Yjm‚P{:ngs@£

•

ngs,lyssPjpj!k#j°ƒ†…5sžŽn©‚Pnqin%‚aq%in’yŸ¥Y¥Yn%‚¦ƒ†nds?lr%‚,k!n5s?pj ygƒ†nq%i5zyŸk-y Ÿj›nsžyzgƒ:…ƒ†…«rqq%‚Y‹bngs,{:rj¦s rgssPyqj›…gnds,ª$‹bzn’r‹ Ÿ{:nzgƒ†rƒYj›yœz¤Žg‹È‚Pjwsa“g‹n§Ž¨#…)qinq5£Vnƒ†r‹±ÈŽ*¨!rƒXƒ‚Rj°ƒ†j-yœz¤t†qg¢n5s¦ƒ†‡†ª‡RŽ5j‚Pn§kXn

ƒ†r‹±•Ž¨!…qin)q%‰6Žn5s${³yŸk!…q‹bk#n5s6z¨!r%Ãrzgƒ:lrgsąƒ†…˜Ž…%€nk-yll…n5s,lr%‚s¦‹bj°ƒ†n˜Žn˜k!n)‹‚s6n¥¦¥†nƒPs

sPn)qyœzŽrjm‚angs:ngs¦ƒŽn´º s¦‹‚¹MÍ£uŠn$‚PjXsP“g‹bn§rqq%‚Y‹Èr©qdyzŽg‹bj°ƒk-ngs:¥¦j-‚P{:ngs:ªŽ…%€nk-ylln%‚<Žn5s

qyk-k#r%pœyœ‚PrƒYj-yœzsr%€n)qŽngsk!r%py‚PrƒYyj‚PndsŽn¯‚Pn)q%in%‚aqin?sRl…qj!rk#jXsP…dngs¡s¦‹‚qnM‚¦ƒ†r%j-zn5s{<yŸk›…q‹bk#n5s@£

Šngsuqykmk!r%py‚PrƒYj-yzsP}l‚Pn%zrzdƒek›r(¥Yy‚P{<nŽ¨#rdqq)yœ‚PŽŸs'tRŽn1k!j#q)nzqdn}ŸŽnqMy‡RŽ…€nk-ylln{:nzdƒ·y5‹:Žn

ŠyœzdƒY‚Prqƒ Ángsanr%‚PqMi (‚R rMzj8 rƒ†j-yz ‡RŠs ?ÇP‡lr%‚§n±n{<lŸk!n%‰P}<ln%‚R{:nƒ!ƒ†n%zgƒ­r‹± ¥¦j‚P{:n5s«Žn

k#j!{?j°ƒ†nM‚k-ngsqyƒPsn@ƒÁk-ngs/‚Pjwsa“g‹bngsƒ†y‹ ƒÁn%z§‚Pngs¦ƒ†rMzgƒl ‚P…sPnzgƒ†ngs<sY‹‚Žn,zy{p‚Pn‹san5s¯ljXs¦ƒ†ngsŽn

‚PnqMin%‚Pqin5£

•

^{¸³n sayœz} q)yƒ†…M}4k-rÆlir5sPn®Žn®Ž…%€nk-ylln{?nzdƒ’s@¨#n5s¦ƒ­qy{lk#n%±j!¥¦j!…dn5£Šnqj6sM¨#n%±lk#j!“g‹bnÆlr%‚

kY¨Xr‹ {:nzdƒ†rƒYj-yz Žg‹ zy{p‚PnƎ¨!…ƒX‹bŽngs§qk!jmzj!“g‹¿ngs§n%±j- …n5sly5‹‚´yp ƒ†n%zj‚$‹bznÆo½§ˆ:}4Žg‹

zy{³p‚PnŽn¯lbrƒYj!nzgƒPs¡s¦‹‚k!ngsP“g‹bnkXs¡qn5sn5ssarjws¡qk!jmzj!“g‹ndsAsPyzgƒu‚a…rkmjXs…gs¡rj-zsPj·“g‹bn<Žg‹zyŸ{p‚Pn

Žn­ƒ†ndswƒPsžn%¥Y¥Rn)qƒX‹b…gs6s¦‹‚,qir“g‹bn©lrƒ†j-nzgƒ£Vnds?¥Yj-‚[{:ngsžlir%‚P{:rqn‹ƒ†j-“g‹bngs:l‚P…gsnzdƒ†ngs$sY‹‚,Žn

zy{³p‚Pn‹sansžlŸjXs¦ƒ†nds6Žn’‚Pnq%in%‚Pqinds©sayœzdƒžr%{<nz…dngs´ª˜n± ƒ†n%‚Rzrk!jwsan%‚6k#n˜Ž…%€œnk›yœlln{:nzgƒžŽn

qn%‚Yƒ†r%j-zn5sÆ{<yk#…)q‹k!ngs@£,ŠyŸ{l5ƒ†n”ƒ†n%zg‹ Žg‹ qrM‚Prqƒ†™%‚an sYƒY‚Pr@ƒ†…M j-“g‹bnšŽn qnƒXƒ†n lirgsan}qnƒ!ƒ†n

n± ƒ†n%‚Rzrk!jwsrƒYj-yœzÊqyzqnM‚[zn k!ngs {<yŸk!…q‹k!ngs “g‹j˜z¨!rllr%‚¦ƒYj-nzznzdƒ®lrgs ª k-n‹‚ q ‹‚ Žn

Ó ÔÜ! #"$%'&()*+,.-/0%1ÁÜ=ßBAÔRÛ)ÕÚwÝMÝ)ÔaàåRÔÜ K,:%Þäá§ÝèÚ¦Öm×1Ú%LYç¡Ü=ÛÕ/ÙMÔ$áÖÚwÛÙMÔÜ?ë°Þ„Öm×xÔÜÝ%èÚ¦Ö-סڦæRÔ¦ß)Õ°ÞHCßMÔÜ

×8ßMà„Õ°Þä۝ڦհÞH=ÛdÚwàÔÜ8ÜmÝå†æaÞÚwàäÞËÜmå†ÔÜuÙÚw۝Ü'àËÚ8ÙMåRæ=ß AMÔRÖ!ՁÔPç5à„ÔAÙMåAÔRàH=Ý%Ý)Ô¦×ÔRÛ)ÕeÔPÕàËÚ8æ =×8×ÔPÖ-æRÞËÚàäÞËÜXÚYÕ°ÞH=Û:ÙÔAÛ@=ß AMÔYàäàäÔÜ'×<=àäåPæ¦ßMàäÔÜ

æRè%ÞäאÞICßMÔÜé‰ëÔPë#ëÔPÖ#ç

îïïu Rñ

Ò!25Ó ÔÜêC †«Ü=Û)ÕdÙ%ÔÜ =%Ö-áMÚwÛÞËÜXڦՄÞH=ÛÜ CßMÞ@=ë-ëmÖ-ÔRÛ)Õ;ŸàÔ¦ßÖܜæYàäÞäÔRÛ՛܍ßMÛ8å A@ÔaÛ)Õ-ÚwÞäàMÙMÔ·Ü#ÔPÖ0AÞæPÔÜÙÔeÖ-ÔRæRè)ÔPÖmæRè)ÔâÓgÔÜÜmÔPÖAބæRÔÜ =)ë-ëmÔPÖ#՛Ü

æ=אÝÖ!ÔaÛMÛ)ÔaÛ)ÕÛR=MÕ-Úw×8×xÔaÛ)ÕàäÔuÙ%åAMÔYàH=ÝMÝÔR×ÔRÛ)Ձç%à„ÔNסÚw۝ÚwáÔR×ÔRÛÕÙ FÔÜXÜXÚwÞËÜæRàÞäÛMÞHCßMÔÜ*Õ4=ßՄÔÜ¿ÝMèdچÜ#ÔÜæ=ÛdëG=Û)ÙßMÔÜ#çàËÚ*áÔÜ#Õ°ÞH=Û

ÙMÔÜÙB=ÜXÜmÞÔ[ÖÜ5Ù%ÔÙÔRסÚwÛ)ÙMÔÜ5ÙBFí X X/â

k!n5sP“g‹bnk-k#n5sunk!k#nds8sPyzgƒusRl…)qj›rk!jXs…n5s£

n4l‚ayŸqndss¦‹sÁŽ¨!n)± ƒ†n%‚Rzrk!jXsrƒYj-yzŽn?k!r4lirdsPn?Žn:qy{?{:n%‚Pqj!rk#jXsPrƒ†j-yznds¦ƒlk°‹s¡‚P…qnzgƒ£Šnƒ!ƒ†nlirgsn

ngssPnzgƒ†j-nk#k!n ly5‹‚¥Yrj-‚PnÆqyzzrmƒY‚PnÈnƒ,€nzŽ5‚an̋z {:…Žj-qr{:nzgƒ6ly5‹‚k-n“g‹bnk:k#ndsl5‹pk#j!qj°ƒ†…5s’sPyzgƒ

s¦ƒY‚†j-qƒ†n{<nzgƒ­n%zq)rŽ5‚P…n5s«z…qn5ssPj°ƒ†n®Žngs«qyŸ{l…ƒ†n%zqn5s˜sRl…qj!rk!ns«nƒ§r®Žngs«qMy ƒPs«…k-n%€…gs@£&‚’k-n5s

k!r%py‚PrƒYyj‚Pnds¯s†l…qj!rk#jXsP…5sÁŽrzŸs/k!r4‚Pnqin%‚Pqin:nƒYy5‹§k-n,Ž…€œnk-yœlln{:nzgƒ¡Žn?zy‹€œnk#k!ngs{<yk#…dq‹bk!ngszn

Žj#sRlysPnzgƒlrgs¡Žn<qn5s¡qyŸ{l…ƒ†n%zq)ns@£ Pk#s/sPyzgƒxrk-yœ‚s¡r%{:nz…5s¡ª4n%± ƒ†n%‚Rzrk!jwsnM‚(say‹€œnzgƒxª4Žnds ‚Py¿ssPn5s

¥Rj‚P{:n5s k#r qyŸ{<{:n%‚Pqj!rk-jwsrƒRj-yz Žn k!n‹‚ l‚ayŸŽg‹bj°ƒ sPy5‹€n%zdƒ sPy5‹sšk!r ¥Yyœ‚P{:n Žn Š1yzgƒY‚arƒY‡Vr%k›nœs

‚R r%zjLdrƒ†j-yz<tRŠ (‰Ç†ÇR£

¶urpk!nr‹:Ñ ¸j-¥R¥†…%‚PnzdƒPsN{<yŽ™k!ngs'Ž¨#y‚R r%zjXsrƒYj-yz<Žg‹:l‚Pyqngss¦‹suŽnAl‚†yŸŽg‹bqƒYj-yzlir%‚P{:rqn‹ƒ†j-“g‹bn

!" #$

%! #&#('!&#

' ‚PrMzŽn5su¥¦j‚P{:n5sNlirM‚[{:rqdn‹ƒYj›“g‹ngs

yq%j-…ƒ†…gs'Ž¨#y5‹ƒYj-kws'ŽnA‚Pnq%in%‚Pqin

pj-y5ƒ†nq%izyk-yœ j-n5s

ŠyœzdƒY‚PrƒÁngsPnrM‚Pqip(‚† r%zjXsrƒYj-yz

Š¤

ŠyzgƒY‚Prƒ†‡ŸrMk#nds

(‚R rMzjwsarƒ†j-yœz³Š

¾·j‚P{:n5sepj-ylŸir%‚P{:rqdn‹ƒYj-“g‹bn5s ¾·j‚P{:n5sNlir%‚P{<rqdn‹ƒYj›“g‹ngs

Š1yzgƒY‚ar@ƒ½Ìr%zg‹b¥†rqƒX‹‚Pj-z5  (‚† r%zjXsPrƒ†j-yz<Šx½

ª f&vB˜~(]‰«,wR l(™5˜&`o{Wf,˜ –"©O˜>v5™_ kOq5q5a,‘

ngsÁŽœj!¥R¥†…%‚Pnzgƒ†ngsÁ…%€yŸk„‹ƒYj-yœzsÁŽ…q%‚Pj°ƒ†n5sj!qj*)‚Pnq)nzdƒY‚Pr% n †sRl…qj!rk#jXsPrƒRj-yz´ŽnsÁ¥Rj‚P{:nsa}NqyzqnzgƒY‚arƒYj-yznƒ

n± ƒ†n%‚Rzrk!jwsrƒYj-yœz+)b}ln%‚P{?nƒXƒ†n%zgƒ´ŽnƎ…¥Yj-zŸj‚‹bz zy5‹€bnr‹ {<yŽ™k!nƎnÆ¥¦j-‚P{:nÆlŸir%‚P{?r)qn‹ƒ†j-“g‹bn5£/ŠAn

{<yŽ™k#n§n5s¦ƒ‚PrŽj-qrk!n{:nzdƒ<Žj-¥¦¥†…%‚Pnzdƒ<Žg‹®{³yŸŽ™k!n§rzdƒ†…%‚Pj-n‹‚:Žn©k!r§¥Rj‚P{:n’qij-{?j!“g‹bn©€n%‚YƒYj-qdrk!n{:nzgƒ

j-zgƒ†…% ‚a…n5£1¸³rzŸs§k!rÌl…M‚[j›yŸŽn˜‚P…qnzdƒ†n}k-n5s¥Yjm‚P{:ngs§zn l‚Pn%zznzdƒ,lk°‹·sk!n q)yœzdƒY‚œk›n qy{lŸk!nƒÄŽ¢‹zn

ƒ†nq%i zyŸk›yœ j-nŽn‚PnqinM‚Pqin}k!¢j-zzyœ€œrƒRj›yœz:n5s¦ƒ·ƒX‚P™gs¥Yyœ‚YƒYn{<nzgƒuk-j!…dn¯r‹±6r)qƒRj€j°ƒ†…dsAsPqj!nzgƒ†j-¥¦j!“g‹bn5snƒur‹±

‚Pnk-rƒ†j-yzŸsu“g‹bnk!n5sV¥Yj-‚P{?n5suyzgƒŒr€œnqk#n5suj-zs¦ƒ†j°ƒX‹5ƒYj›yœzsuŽn‚PnqMin%‚Pqin5£vz<qyzsP…)“g‹bnzqdn}Ÿk-nsPnqƒ†n‹‚8s¨!ngs¦ƒ

‚P…y5‚† r%zjXsP…/nz<‚P…dsPnr‹±žŽn¯¥Yjm‚P{:n5sNpj-yƒ†n)q%izyŸk›yœ j-n5sŽ¢‹znlr%‚¦ƒ'tR“g‹j{<rz“g‹rj!nzgƒuŽ¢n±l…M‚[j›nzqdn¯Žr%zs

k!n5s©ƒ†ngsYƒPs˜qMkmj-zj!“g‹¿ngsR‰—nƒ«Žn¬¥Yj‚P{:ngsÈÅP…ƒ†r%pkmj!n5sŗ“g‹j6yzgƒ­rŽylgƒ†…Æk-n5s©ƒ†n)q%izyk-y Ÿj!ngs˜{³yŸk!…q‹bk#rj‚anœs

tw½Ìrk›n%‚Rpr/nƒ ‚sPnMzjm y}V¹MººÍ }V¹MººÂ5‰£dhek„‹sV‚a…qn{<{?ndzgƒ†} ‚san%zj y}œhŒr%{<{<yŸk#k!jnƒZAj!qq)r)pœyœzjbt¦¼ÍÍe¹‰

yzgƒ·{<yzgƒY‚P…“g‹bnkX¨X…{:n%‚R n%zq)nŽ*¨‹z‚P…gsPn)r‹žŽnzsan(k!j!rzdƒŒŽngsu¥¦j-‚P{:ngsuŽn1ƒ¦Ã lnŽjm¥†¥R…%‚anzdƒŒªŽngsujmzsYƒRj„ƒX‹ƒPs

Ò-Ò'Ó ÔÜ1ê%O%†šÜ=ÛÕNÙMÔÜ8æ =Û)ՁÖXڦ՛ÜxÙMÔÜ=ߝÜ_-ՁÖXÚwބ՛ÚwÛæ†Ô CßMÞÝÔPÖmאÔPՁՁԦÛ)ÕuÚwßBS:ë›Þ„Ö-×ÔÜ8Ù*F=Ý)Õ°Þä×8ÞËÜ-Ô[ÖuàËÚAæ =×8אÔPÖ#æ¦ÞËÚwàÞËÜXÚ¦Õ°ÞH=Û,ÙMÔÜ

FàH=%æA9 :MߝÜ#ՁÔPÖXÜXâ

{<yŸzdƒY‚Pn%‚P} k-ngs r‹ƒ†n‹‚s n%±œr{:j-znzdƒ kX¨!jmz¥Rk‹bnzqn Žngs l‚ayœl‚Rj›…ƒ†…gs s†l…qj#¥Rj!“g‹bngs Žn5s l‚ayŸqndss¦‹·s

Ž¨!r%ll‚PnzgƒYjXssrM n¯s¦‹‚uk-n5sV¥Yy‚R{:ngsNlyssPjpk!n5suŽ¨!yœ‚R rMzjwsrƒYj-yœz³Žngsurqƒ†j€j°ƒ†…gsuj-zzyœ€œrzgƒ†ngs@£vz<Ž…¥¦j-zj°ƒ†j€bnd}

k!r ¥Yy‚[{³rƒRj›yœz nƒ k¦¨!…%€yŸk„‹ƒRj-yz qyzŸsP…)“g‹bnzdƒ†n Žg‹ ‚P…gsanr‹ Ž¨rk-k!j#rzqnds Žn SU¸ ln‹€nzdƒ2ƒY‚Pn

j-zgƒ†n%‚†l‚P…ƒ†…ngsqy{<{:nž‹bzn6rŽr%l5ƒ†rƒYj›yœz«ª$kY¨!…{:n%‚† nzqdn6Ž¨›‹bzn6qyzzrjXssPrzq)n$ŽnÄpœr5sPn,‚PrŽj#q)rk!n{:nzgƒ

zy5‹€nk!k#nÇ £gn(l‚ayœ ‚P™ds1saqj#nzdƒRj-¥Rj!“g‹bn4sPj-{<lŸk!j#¥Rj!n¯kY¨XndsRlbrqdn¯Žn‚PnqinM‚Pqinnz?¥Yy5‹‚PzjXssrzgƒ'ŽngsNƒYi…y‚Pj-ngs

 …%z…%‚Prk!ns/{:rjXsP}uŽrzs/k!n${#{:n4ƒ†n{lsP}ur‹ Ÿ{:nzgƒ†n,n%ƒÁŽ…%¥Yy‚P{<nÄkY¨XndsRlrdqn,Žn,‚Pnqin%‚aqin?ln%‚¦ƒ†j-znzgƒ£

ngsu¥Yjm‚P{:ngsNln‹Ÿ€œnzdƒŒr‹:{4j!n‹±:rq)“g‹b…%‚Pjm‚uŽndsV¥X‚ar% Ÿ{:nz5ƒPsuŽnqnƒ#ƒ†n¡qyz5zrjXssPrzqnAln%‚¦ƒYj-znzdƒ†n5£

¡¨!r%‚Pqi…ƒYà ln¯r)qƒX‹bnkŽŸnk!r(¥Rj˂[{:nlŸir%‚P{:rqn‹ƒ†j-“g‹bn/ngs¦ƒ‹zn¥Rj-‚P{:nŽnÁƒY‚P™dsN ‚Pr%zŽn1ƒ†rj-k!k#n)}œl‚P…dsnzdƒ†n¯s¦‹‚

k!n5s§{?rM‚Pq%i…gs§{<yzŽj#r‹Ÿ±‘nƒ´n%zgƒY‚anƒ†n%zrMzgƒ´Žn zyŸ{p‚n‹sPnds‚Pnk!rƒ†j-yœzs«r%€nqƎ¨!r‹ƒY‚Pngs§¥Yj‚P{:nsa}lŸk°‹·s

lnƒYj°ƒ†nds/nƒ/sRl…qMj#rk-jXs…n5s/Žr%zsA‹zn,…ƒ†r%ln,Žg‹«l5‚†yŸqndss¦‹·s/Žn?¥†r%p‚Pj-qrƒ†j-yz§nƒÁr€œnq,Žngs/j-zs¦ƒ†j°ƒX‹ƒYj-yzŸs/Žn

‚PnqMin%‚Pqin5£eŠ¡nƒ#ƒ†n?zy‹€œnk#k!nÄ¥Yy‚P{:n,yœ‚R rMzjwsarƒ†j-yœzznk#k!nÄlnM‚[{³nƒÁŽn,“g‹brk!j#¥Yj!n%‚q)ngs¥Yj-‚[{:ngsŽn€}<¥¦j-‚P{,n

‚P…gsanr‹ £

231231#=@9 OP=@5 AGC,; <FI/5MC?JI/;ECI#; I FI),+@5>CSA<C;)7'5 ,& C;

ngsȅ%€yk°‹ƒ†j-yœzsÌqyœzs¦ƒ†rƒ†…)ngs¤ŽrzŸs¤k!n sanqƒ†n‹‚˜lir%‚P{:rqn‹ƒ†j-“g‹bn yœzdƒ say‹€œn%zgƒ—…ƒ†… rMzrkmÃbs…ngsÈnƒ

j-zgƒ†n%‚†l‚P…ƒ†…ngs¡q)yœ{<{:n4k!n5ssRÃ{<l5ƒ œ{<nds¡Ž*¨‹z6qirz  n{:n%zdƒŽnlr%‚Pr)Žœj {:n¯ƒ†nq%izyk-yœ j-“g‹bn<tRŠj#{<yŸk!jNnƒ

¸³y¿s†j-}'¹MººŸÐ<Ïd¸<nMl‚PnƒŒn@ƒm³r%{<Žy5‹bq%i}¼ÍÍ5¼‰£ ŠngsuŽ5j-¥R¥P…%‚an%zgƒ†ngs'r%ll‚Pyq%ingssPn¯sPyzgƒusY‹‚¦ƒYy5‹5ƒj-zdƒ†…%‚PngssP…n5s

r‹± ‚Pnk!rƒYj-yzs nzgƒY‚Pn k!ngs …%€yŸk°‹ƒYj›yœzs”ƒ†n)qizyœk›yœ j-“5‹bngs nƒ k#nds r)Žr%l5ƒ†rƒYj-yzŸs Žn k¦¨!y‚R rzjwsarƒ†j-yŸz

j-zŽg‹s¦ƒY‚Pj-nk#k!n}/k-rjwssarzgƒžr‹ sPnq)yœzŽÉlk!rz¬k!n’‚k-n˜Žn5sqMirz5 bn{?nzdƒPs6Žr%zs6k!r˜Žn{:rzŽn £x¸³rzŸs6Žn5s

ƒY‚Pr€œr‹± lk‹es´‚P…qnzdƒPsP}¯½¤rk!n%‚RprÆtY¼Í͟Ðd‰P}l‚P…qj#snƓ5‹bnÆk#rȎn{:rzŽn®ngsYƒ,‹z …k#…{:nzgƒ´qk-…®ŽnÆkXr

Ž…¥¦j-zj°ƒ†j-yœz–nƒ¤Žn k¦¨…)€œyœk„‹ƒRj-yz Ž¨‹bz sPndqƒ†n‹‚£?ossayŸqj-…)n r‹± qr%‚arqƒ†…%‚RjXsYƒRj-“g‹bnds®ŽnškY¨!yŸ¥¦¥Y‚Pn}´nk!kXn

qyzgƒY‚Rjp ‹bn ª‘k!r Ž…¥¦j-zj°ƒ†j-yŸz Ž¨‹z œÃsYƒ†™{<n nqƒ†y‚Rj!nk6Ž¨GPzzy5€rƒ†j-yz tV^ R‰¤tw¾‚ann%{:rz}˜¹MºŸ» À nƒ

N‹bzŽ5€rk-k#}8¹MººÂ5‰£5~z ^ ngsYƒqyœ{ly¿sa…Žn(ƒY‚Pyj#s8l‚Pj!zqj-lr‹Ÿ±,pk›yŸq5s8ϋbzn³pœrgsPnŽŸnq)yœzzrjXssarzqn<nƒ

Žngseƒ†n)q%izyŸk›yœ j!ngs8ύŽn5surqƒ†n‹‚sunƒ·‚P…gsanr‹±:rj-zsPj“g‹¿nŽngsujmzsYƒRj„ƒX‹5ƒYj-yzs£~z uqy{l‚PnzŽ‹zn¯sa…%‚PjXn

Ž¨!r% nzgƒPsly‚Xƒ†…gslr‚§Žngs´jmzdƒ†n%‚PrqƒYj-yœzs§{:r%‚PqirzŽn5s«y5‹ zyœz•{?rM‚Pq%irzŽngs´ly‹‚´k-rÆq%‚P…)rƒRj›yœz}4k-n

Ž…€œnk›yœlln{:nzgƒŒnƒk!rŽjm¥Y¥X‹esPj-yz<ŽnAzy5‹€nr‹Ÿ±<l‚ayŸŽg‹j°ƒPssPnqƒ†y5‚†j-nkws@£

Šnƒ#ƒ†n rMll‚PyŸqMin nz ƒ†n%‚P{<n Žn sRÃbs¦ƒ†™{<n sPnqƒ†yœ‚Rj›nkȎyzzn ‹zn sPj- zjm¥†j#qdrƒ†j-yz lr%‚¦ƒ†j-q‹bk#j!™%‚an ª

kY¨#y‚R r%zjXsrƒ†j-yz:Ž*¨‹z,snqƒ†n‹‚£Šnk-k#n)‡RqjŽ…qy5‹k›nŽngs8‚ank›rƒRj›yœzsŽngsxrqƒ†n‹‚sŽg‹´sRÃs¦ƒ†™{:n/nzdƒY‚Pn/n‹Ÿ±žnƒ

Žngs‚ank!rƒ†j-yzŸs/Žn6qn5s/{#{:ngsrqƒ†n‹‚s/ª,k!r,qyœzzrjwssrMzqdn}ur‹±«l‚PyŸŽg‹j„ƒPs/nƒÁªÄk!r4ƒ†nqMizyŸk-y j-n5£n5s

ƒXà ln5sŽn?‚Pnk-rƒRj-yzsÁnƒ¡Žn4‚a…gsnr‹±§Žj#¥Y¥†™%‚Pnzgƒ¡Ž¨‹bz’sRÃs¦ƒ†™%{:n,snqƒ†y5‚Rj-nkª³‹bz§r‹ƒY‚Pn £DRkXsA‚P…ds¦‹bk°ƒ†nzgƒ¡Žn5s

Ò9ÓÚ Kæ=Û%۝ÚwÞËÜXÜXÚwÛ)æPÔVÙMÔ :dÚRÜ#ÔDL·ÖXچÜXÜ#Ôa× :%à„ÔNàHFÔa۝Ü#ÔR×M:Mà„ÔVÙÔÜæ=ÛMÛdÚXބÜXÜXÚwÛ)æPÔÜÔPÕÙMÔÜՁÔPæRèMÛ%ÞCßÔÜÜ#æRÞäÔRÛՄބë›ÞCßMÔÜÜmß)֟à„ÔÜCßMÔ¦àäàäÔÜ

Ö#ÔRÝ@=Ü#ÔàHFÞäÛÙߝÜ#ՁÖmބÔÝMèdÚYÖmסڦæ†Ô¦ßՄÞHCßMÔâ

ƒ†nq%i zyŸk›yœ j-“g‹bn5sP}8Žnds<qr%‚arqƒ†…%‚RjXsYƒRj-“g‹bnds<Žn$k!r6ŽŸn{:rzŽn$nƒ(ŽngsŽÃzr{?j!“g‹bngs<Žn6qyŸ{lŸk!…{:nzdƒ†r%‚Pj°ƒ†…5£

~zÆsRÃs¦ƒ†™{:n’sPnqƒ†y5‚Rj!nk¡n5s¦ƒrk-y‚s<k!r$‚P…ds¦‹bk°ƒ†rzgƒ†nqykmk!ndqƒYj€n)}(sRl…)qj!¥¦j!“g‹¿nr‹•sPndqƒ†n‹‚a}1…M{?nM‚R nrzgƒŽn

kY¨#j-zgƒan%‚PrqƒYj-yœz³nƒŒŽnAk-rqy…€yŸk„‹ƒRj-yz<Žnqndsu…k-…{?nzdƒPse€br%‚Pj-…gsutX½¤rk!n%‚Rpr}¼Í͟Ðd‰£

¡¨!ypMµnqƒ†j-¥ŽnÈqnƒXƒ†n¬sanqƒYj-yz ngsYƒ´Ž¨#j-zgƒ†…% ‚an%‚§k-ngs«qir%z5 n{:nzgƒPs§j-zgƒ†nM‚¦€nzg‹·s§Žrzs§k#rȎn{:rzŽnƪ

kY¨Xr%ll‚Pyq%in Žn ½¤rk!n%‚Rpr t¦¼Í͟Ðd‰ Žngs ^ @£ ŠyŸ{<{:n {<yŸzdƒY‚P… l‚P…q)…Žn{?{:nzgƒ†}¬k›r Žn{?rzŽŸn

s¨!rŽ5‚Pn5ssPrzgƒr‹±6¥†jm‚P{:ngslŸir%‚P{?r)qn‹ƒ†j-“g‹bn5sr…ƒ†…kY¨!ypMµnƒŽn(ƒY‚ar%zŸsP¥Yy‚P{<rƒ†j-yœzsj#{<ly‚wƒ†r%zdƒ†ngsr‹´qy‹‚s

Žngs rMzz…ngs ¹MººÍ Ç$ £«Šngs¬ƒY‚ar%zŸsP¥Yy‚P{<rƒ†j-yœzs yzgƒ•ln%‚P{<jws kY¨!…{:n%‚† nzqdn Ž¨›‹bzn }<Žn{<rzŽn Žn

{:…Žj#q)r{:nzgƒPs ’“g‹bjr$qyzŽg‹bj°ƒÁk#n5s/¥Rj‚P{:n5s/nƒÁk#ndsj-zsRƒ†r%zq)ngs/Žn?‚P…% 5‹bk#rƒRj-yz§Žg‹ÈsPnqƒ†n‹‚/ªÄ{<yŽj#¥Yj#n‚

k!n‹‚suy‚Rj-nzdƒ†rƒYj-yzsunƒ·{<…ƒYiyŸŽngs'Žn¨ U¸‘rj-zsPj“g‹bnk!ns'q%iyŸj±,sYƒY‚Prƒ†…% j›“g‹bngsuŽnAl‚PyŽg‹j°ƒPs£

G

! 3T1

T

8T

¡¨#j-z¥Rk‹bnzqn Žn k!r Žn{?rzŽn–sY‹‚”k-n5s•y‚Rj-nzgƒ†rƒYj-yœzs•nƒÆk-nds”{:…ƒYiyŸŽngs•Žn U¸ sn ¥Yrj°ƒÈlr%‚

kY¨#j-zgƒan%‚P{<…Žj!rj-‚PnŽndsurgssPyqj-rƒ†j-yzŸsuŽn{:rk!rŽndsunƒŒŽnq%yzŸsayœ{<{:rƒ†n‹‚s£

r?Žn{:rzŽn,j-z¥Rk‹bnzqdn?k#nds¯{:…ƒYiyŸŽndsŽn<‚Pnqin%‚aqin,n%z§qyzgƒY‚†j›p ‹brzgƒ¡ª?kY¨Xrk#k›yŸz5 n{:nzgƒ¡Žngs¡lirgsn5s

Žn˜Ž…€bnk-ylln{?nzdƒ,nƒ,Žn’lir%‚R{:rqy5€j- Ÿj-k!rzqn5£8¸<rzs$k!n5s6rzz…)ns´sPyŸj±rzdƒ†n}¯ª˜k-rÆs¦‹bj°ƒ†n˜Žn©ƒY‚†yœjXs

r¥¦¥†rj‚Pn5stRqnk#k!n5sŽg‹ 5ƒ†r%k-jmzyŸz <}8Žnk!r6¶Virk#j!ŽyŸ{<j-Žn nƒ(Žg‹’¸<jXs¦ƒ†j-kpb™zn ‰“g‹bjyzgƒ/¥Yrj°ƒ<saqrzŽrk!n

r‹l‚P™ds¡ŽngsAlrƒRj-nzdƒPsP}ek-ngsÁqyzgƒY‚œk!ngsl5‹pk#j!q5ssn?sPyzgƒ‚Pn%z¥Yy‚Pq…gsÁnƒk›ngsr‹ƒ†y5‚RjXsPrƒ†j-yzŸsÁŽn4{?jXsanÄs¦‹‚¡kXn

{:r%‚Pqi…˜tYo(½«½˜‰,yzgƒ4…ƒ†…’q%‚a……ngs@£xngs#"Vƒ†rƒPsP‡w~zjXs6yzgƒ:r%j-zsPj/j-zs¦ƒ†r‹‚P…’k!n‹‚:l‚Pn{?j!™%‚Pn§l‚Pyq…Žg‹‚Pn

o½’½ nz©¹MºÎ5¼£dv8z<¾‚Przqn)}¿k!ngsxqyzgƒY‚ œk-n5snz:Žy‹pk!nr€œn‹ k#nyœzdƒu…ƒ†…/…@ƒ†rpkmjXsŽrzs8k!n5srzz…n5sÀÍ}

k!r§qyœ{<{:jwssPj›yŸz˜o(½«½ r…ƒ†…qM‚P……n§nz”¹MºÀŸ»«nƒkY¨#o/ n%zqdn$¾‚Pr%z²)rjXsan©Žg‹˜½È…)Žœj!qr{:nzgƒ†}Žn€nzd‹n

o¾ ^ŸoAh ,nz§¹MººŸ» }r(€5‹´k!nVµPy5‹‚8nz§¹MººÂ£5¡¨›~³zj-yŸz4vu‹‚†yœl…nMzzn4san¯Žy5ƒ†n}n%z§¹MººŸÐ }Žn/k¦¨!o¯ nzqdn

vu‹‚Ryl…n%zznŽg‹4½Ì…Žj-qdr{:nzgƒŒt#vV½«v8o‰@£

n4 ‚ar%lij!“g‹n:Âqj-‡RŽn5ssay‹s{³yŸzgƒY‚Pn<kY¨#n¥Y¥Rnƒ1Žn?qngsÁqdyœzdƒY‚ k-ngs/s¦‹‚k!n?zyŸ{p‚Pn:Ž¨#yqƒY‚†yœjŒnƒ¡Žn4‚an¥#‹·s

ŽngsoA½˜½É£*o lr%‚¦ƒ†j‚Žn§¹MººŸ» }NŽrƒ†n?Žn?k!r?qM‚P…rƒ†j-yz§Žn?kY¨#o(¾ oAh Ÿ}Nk-n?{:…qdrzjXsP{?n:Ž*¨!rƒXƒY‚Rj„p5‹ƒ†j-yŸz

Žngso½’½ san{pk!nsPn,Žg‹‚Pqj‚l5‹bjXsP“g‹bn,k¦¨!yŸz§y5psan%‚R€n?‹zn,Žj-{?j-z5‹ƒRj›yœzl‚ayœ ‚PndssPj€n,Žn5s/yq@ƒY‚†yj#s/nƒ†}

lr%‚Prk-k!™k#n{:nzgƒ†}5‹znr‹ {<nzgƒ†rƒYj-yœz³rgssn/{<r%‚a“g‹b…nŽn5sN‚Pn%¥#‹·suŽ¨#o½’½É£

¡¨~<zn/Žn5suqyzsP…“g‹bnzq)ns'Žn¯k!r({:jwsnnz<lk#r)qn¯nƒNŽg‹ÄŽg‹‚Pqj#ssPn{:nzgƒŒŽnqn5sN‚P…M Ÿk!n{:nzdƒ†rƒYj-yzŸsngsYƒ*‹bz

rqqM‚PyœjXssPn{:nzdƒŒŽnAk-rŽg‹‚P…nŽ¨!rqdq™gsur‹,{:r%‚Pq%i…Aly5‹‚k!nsu¥Yj‚P{:ns't¦ ‚Pr%lij!“g‹bnAщ£

¦Wl&nM`_u] ~8lwO˜] w5]&`

ªMª

¢V® ul wO](^_l(nwO] ]`V–W~(f,nM`>– |$–"vš(] wO] ~(f5nM`f,^¨^¤l8– ]<v5˜X`¨|nw,|}|"wrvB](u `®GwO]S:|˜^_]`¨]<–WwR l&€5](n~(]&`

™5v,’u|rvB]`¨~(l&˜:l&~<– š(˜>| `š(]`¨~(©l&~<vBn]I™5l8˜_w5]`¨~(f,nOnBl&| `X`>l(n~(]&`X® w5]` ™B˜f,~(]&`X`>vM`_wR l8™5™˜]<n5–| `X`l&€5]&®GwO]`_~8f,^‰™Bš<– ](n~(]&`X® w5]`

f’<](~z–@|V`x]<–Rl/M:]&~<– š(]`¥™Bl&˜ow5]` :l&~<– ]<v˜X`›`§f,~(|l(v¡W]<–M|$nD`V–"|$–v,– |"f,nOn](u"`

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

60,0%

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

% de demandes d'AMM acceptées

% de demandes d'AMM refusées

ª

f&vB˜~(]‰«,wT .l(™5˜`xu] % l8™5™f˜>–MwR l~z–@|}|$– šZwO]Gu y\

ªMª

yt

ª

 kOq5qOg5‘

' ‚Pr%lij!“g‹bnAÑ£heirgsPn5suŽnA‚anq%inM‚PqinŽ…%€nk-ylln{?nzdƒ·Ž¨›‹bzn{<yŸk›…q‹bk#n

o/jmzsPj!}1sank-yŸz$¸<j!Žj!n%‚/t¦¼Í͟Ðd‰P}Vj-kAs@¨X…qy5‹bk-n,nz5€jm‚ayœz€j#z  5ƒÁr%zs/nzgƒY‚Pn,k!r?‚PnqinM‚Pqin,ŽnÄ{<yk#…)q‹k!n5s/nƒ

k!n‹‚{<jwsn?sY‹‚1k›n³{:r%‚aqi…5£Šngqj·r¯l‚Py ‚PngssPj€n{:nzdƒqyzŽg‹bj°ƒª(‹z?‚anzqi…%‚PjXssPn{:nzgƒŽnk-r¯lir5sPnŽŸn

Ž…€œnk›yœlln{:nzgƒÈ{<rjws•r‹ssPj’ª ‹zn r‹ {?nzdƒ†rƒYj-yz Žg‹ ‚RjXsP“g‹bn ¥Rj-zrzqj!n%‚®nz qr5sɎ¨#…dqinq ŽŸn

qy{<{?nM‚Pqj#rk!jwsarƒ†j-yœz—Žnk#r{<yk#…dq‹bk!n5£ehŒy‹‚ƒ†n%zgƒ†n‚<Ž n­k-j!{?j°ƒ†n%‚<kY¨!rk!k-yŸz  n{:nzgƒŽnk-r6lŸirsan a}xk!n5s

r‹ƒwyœ‚Rj„ƒ†…gslyœk-j°ƒ†j!“g‹bn5s¡yœzdƒj-zŸs¦ƒ†r‹‚P…¯‹zn³lirdsn4q)yŸ{lk#…{:nzgƒ†rj‚Pn<Žn<lŸir%‚P{<rdqy€j- j-k#rzqn<t¦lirdsn ¯‰

k!n5sV¥Yj‚P{:n5suqyzgƒYj-zg‹bnzgƒŒª¯sY‹llyœ‚Xƒ†n‚e‹z³q%y5ƒŒŽn1‚anq%inM‚Pq%inApj!nz<“g‹bn(k›nAl‚PyŸŽg‹j„ƒVsayœj„ƒVsY‹‚Nk-n{?rM‚Pq%i…5£

r6Žn{:rzŽn,lbr%‚kY¨#j-zgƒ†n%‚P{:…Žj!rj˂PnŽngs³rgssayŸqj!rƒ†j-yœzs<r}ulr%‚rj-k#k!n‹‚sP}'‹bz’j-{<lr)qƒsY‹‚k-n5sqiyŸj±—ŽŸn

qk-r5ssansuƒYi…%‚ar%ln‹ƒ†j-“g‹bn5ss¦‹‚k!ngsP“g‹¿nkmk!n5sly‚wƒ†n%zdƒ8k›ngs‚Pndq%inM‚Pqin5sŽngs¥Rj-‚P{:ngs£5vk!k#nds¡yœzdƒrj-zsPj·y‚Rj!nzdƒ†…

k!n5sÆ¥Yj‚P{?n5s˜€nM‚sȎngs¤lrƒYiyœk›yœ j-n5s˜ƒ†n%k-k#n5sȓg‹bnšk-n sPj-Žršy5‹ q)n%‚wƒ†rMjmzngsÆ{:rk!rŽj#ndsÆy‚Rlink-j-zn5sÈngz

{‹k„ƒRj-lkmj!rzgƒk!ngs‚Pnk!rƒYj-yzs¡r%€nqk!n5sk#r%pœyœ‚PrƒYyj‚Pngslir%‚†{?r)qn‹ƒ†j-“g‹bn5snƒ†}lr%‚Prk-k!™k#n{:nzgƒ†}n%z6¥¦j-zrz²rzgƒ

ŽnAlk°‹sunzlk°‹es'ŽnAl‚Ry ‚Pr%{<{:n5suŽnA‚Pnq%in%‚Pqintr%pœnir%‚PjXsPyrnƒ·Šrkmk›yŸz}¼ÍÍ5¼‰£

Šngs{#{:n5sr5ssPyqj!rƒYj›yœzsyzgƒ/r‹ssPjly‹‚y5pMµPnqƒ†j-¥Ž¨!r{?nzn%‚k!n5s¥Yjm‚P{:n5sªr{?…k!j-yœ‚an%‚k-n n%‚Y€j#qdn

½¤…)Žœj!qrk nzŽg‹ tV5½ ¡‰¤Žn”k!n‹‚s˜l‚ayŸŽg‹j°ƒPs@£¯¸<rzs¤qn¬p5‹ƒ†},nk-k!n5s˜j-zqj„ƒ†nzdƒ«k#nds˜k!r)pœyœ‚arƒYyj‚PngsȪ

j!Žnzgƒ†jm¥Yj!n%‚6lŸk‹s6l‚P…qjXsP…{:nzgƒ6k-n5s6lyœl5‹k›rƒRj›yœzs´Žn˜{?rk!rŽn5s´“g‹j/p…z…¥Rj!qj!nzdƒ?€œ…%‚Pj°ƒ†r%pk#n{:nzgƒÄŽ¢‹bz

{:…Žj#q)r{:nzgƒ£dv8z:n¥¦¥†nƒ†}Ÿk›nsÁk-yŸqœp ‹esYƒ†n%‚srqƒX‹bn%kXszn4san(‚P…€b™k!nzgƒ'n%¥Y¥Rj!qrdqngs“g‹bn(ly5‹‚n%z5€j-‚Pyœz<Ñͅ$

ŽngslrƒYj-nzgƒPs@£ŸŠnk-rj#{<lk#j!“g‹bn}ly5‹‚8k-n5s¥Yj‚P{:nsa}Žn¯ly5‚¦ƒ†n‚V‹zn¯lk°‹s ‚Pr%zŽnrƒ!ƒ†n%zgƒYj›yœzžª³k!r¯lir5sPnŽn

qy{<{?nM‚Pqj#rk!jwsarƒ†j-yœz Žn5s¤l‚PyŽg‹j°ƒPs£4nds¬sYƒY‚Prƒ†…% j›nsÉqyzŸsPjXs¦ƒ†n%zdƒ†}$lr%‚Èn±n{lk!n}ª l‚PylysPn%‚˜‹zn

{<yŸk!…q‹k!nÆsPy5‹s$lk°‹·sPj!n‹‚s¥Yy‚P{<n5s´y‹‘n%z•Žy¿sar% ngs´Žœj-¥Y¥R…M‚PnzgƒPs´rŽr%l5ƒ†…gs´r‹± Žj-¥R¥R…M‚PnzgƒPs,ƒXà lns´Žn

lrƒYj-nzdƒPsÇ" £Šn%lnzŽrzdƒ†}Nqngs/s¦ƒY‚Prƒ†…% j-ngsa}elr%‚Pqn:“g‹N¨!nk#k!n5s/qyzqn%‚†znzdƒ8‹zzyŸ{p‚Pn<‚P…Žg‹bj°ƒ¡Žn4lrƒRj-nzdƒPs

lygƒ†n%zdƒYj-nkwsŒ‚Pnzqi…%‚Pj°ƒ†}n%zqyœ‚an}œk›nqy ƒŒŽ¨#…k-r%py‚PrƒYj-yz<ŽŸndsV{³…Žœj!qr{:nzgƒPs@£

G

! 3T1 @T! <T# @T

vz s¨!jmz¥Yy‚[{:rzgƒ†}Æk-n lrƒRj›nzdƒ rq“g‹bj-™%‚Pn ‹zn qr%lbrdqj„ƒ†… Ž¨#n%±ln%‚¦ƒYjXsPn µR‹sP“g‹bn k!ª ‚P…5sPnM‚¦€b…n r‹±

l‚Pngsaq%‚Pjl5ƒ†n‹‚s@£¿vz§qyzŸsa…“g‹¿nzqn}Vk!ngsÁlrƒYj›nzdƒPs/yzgƒ‹z‚Pnq)y‹‚sÁlŸk°‹·s/¥X‚P…“g‹¿nzgƒÁªÄkY¨!r‹ƒ†y{<…Žj#q)rƒRj›yœzb£

ŠnqyŸ{ly‚Xƒ†n%{<nzgƒŒn%zqy5‹‚Pr% nAk!ngsu¥Yj-‚[{:n5suªrq)q%‚PyŸj°ƒY‚an1kY¨#y¥¦¥X‚nŽn{?…)Žœj!qr{:nzgƒPs ,

3,

y‹

{:…Žj#q)r{:nzgƒPsÁŽn?q)yŸ{l5ƒ†yj‚tH/¶uŠx‰@Ç!‚£Šnƒ#ƒ†n:ŽgÃzr{:j!“‹bn:Žn?k¦¨!yŸ¥Y¥X‚Pn?Ž¨V¯¶uŠ}Nqyœ{<{‹bzn?ªƒ†y‹sÁk-ngs

rqƒ†n‹‚sP}q%‚P…)n³k›ngs¡qyzŽj°ƒRj›yœzsxŽ*¨!…{?nM‚R nzqn<Ž¨‹z,€…%‚Pjƒ†rpk-n&}<{:r%‚Pqi… ,Žnds‡¯¶uŠ}*j-zŽ…%lnzŽrzgƒŽg‹

{:r%‚Pqi…´ŽŸngs<{:…dŽj#q)r{:nzgƒPs Ç£engs /¶VŠ ‚PnMl‚P…gsPnzdƒ†rj›nzdƒ†}n%z”¹Mººº}Âͅ$ Žg‹®{:r%‚aq%i…¥X‚Prz²rjws:Žg‹

{:…Žj#q)r{:nzgƒÌtw¸‚Pnngsa}$¼ÍÍe¹‰£4r‘¾¿‚Przqn san sPj°ƒX‹bn rj-zsPj§nz “g‹rƒY‚Rj-™{:nšly¿sPj„ƒRj-yz Žn%‚R‚Pj!™%‚Pnšk!r

Ánk Ÿj!“g‹bn}¤k¦¨!o¯k!k#n{:r% zn nƒ•k!n ÁyœÃr‹b{?n)‡w~<zjX£«ŠAn%lnMzŽrzdƒ†}©‹z ƒYj-n%‚s Žn qngs l‚ayŸŽg‹j°ƒPs sPyzgƒ

n¥¦¥†nqƒ†j€n{:nzgƒrq%inƒ†…gs¡sPrzŸsxyœ‚PŽ yœz zrzqnnƒulk°‹sŽn5s¡Žn‹±:ƒYj-n%‚s¡sPyzgƒu‚Pn{py5‹‚sPrpk#nds£5n5sr‹ƒ†n‹‚s

Žn,kX¨X…ƒX‹bŽn,Žn?k-r4¸‚Pnnds/qyzs¦ƒ†rƒ†n%zdƒ8‹z§k-j#nz§nzdƒY‚Pn?k-n${<yŽn,Žn,Ž…%k-j€‚Przqn,Žg‹—{:…Žœj!qr{:nzgƒÁnƒsangs

Ҙƒ5Ó ÔÜgÝ)Ö=MÙßބÕ-ܟÚXæPÕ°ßMÔRàËÜgÛԌÜ=Û)ÕRCßMÔÖXÚ¦Ö-ÔR×ÔRÛÕdÙåRæRàÞäÛåÜ#çݝڦÖ5Ô SÔR×8Ý%àÔPçÔRÛÙB=ÜXÚwáÔÝMå[ÙބÚYՁÖmÞCßMÔâ

Ҍ 48ÔeàËÚ*Ö-åRáPà„ÔR×8ÔRÛ)Õ-Ú¦Õ°ÞH=Û¡ÙßÁÜmÔPæPՄÔaßMÖÙMåRæ=ßà„ÔàËÚ¿æRàËÚRÜXÜmÞë›ÞæÚYÕ°ÞH=Û¡ÙÔÜ5×<=à„åPæ¦ßMàäÔÜÔRÛAÕËÖ=ÞËÜÜ#ÔRáאÔaÛ)Õ-ܟÙMÔeסڦÖ-æRè)åâÓdÔܜÝÖ-ÞäÛæ†ÔaݝÜ

CßÞ8Ö-ÔRáÖ?=ßMÝMÔRÛÕ8àäÔÜA×åPÙބæÚw×8ÔRÛ)Õ-ÜÙ%Ô<ÝÖ-ÔÜ#æP֛ÞäÝ)Õ°ÞH=Û§ÔPÕÖmÔR×M:@=ßMÖXÜ#åÜ#çeà„ÔÜ1áåRÛMåPÖmÞICß)ÔÜCßÞxÜ=ÛÕ8à„ÔÜAæ=ÝMÞäÔÜAàäåRáMÚwàÔÜ(ÙÔÜ

×åPÙÞäæÚw×ÔRÛ)Õ-ܟÝցÞäÛ)æRÔRÝdÜÖ#ÔR×M:@=ßÖ ÜmåܟÔPÕÙ*=Û)Õgà„Ô :)Ö#ÔAMÔPÕ5ÔÜ#ÕՄÔPÖm×8ÞäÛMåNÔPÕgà„ÔÜ † bê$éI= AÔPÖ?_mՄèÔ_æ=ß%Û)Õ°ÔPÖñ CßÞÜ=Û)Õ5àäÔܟÝÖ?=%ÙßބÕ-Ü

ÙBFäÚwß)Õ4=×åPÙÞæÚYÕÞH=ÛÔRÛ7AMÔRÛՄÔ8àäÞI:Ö-ÔÔP՟ÛR=ÛÖ#ÔR×M:@=ß)ÖXÜXÚ :MàäÔÜXâdÓ5ÔÜ*ÝMÖmÞäÛ)æRÔRÝdÜeÖ!ÔRÝÖ!åÜ-ÔRÛՁÔRÛ)՟àËÚ'ݝڦÖ#ÕbÙ%Ô8סڦÖ-æRèMå8àËÚ'ÝMàߝÜeåaàÔAMåRÔ

éB765 @8ñ ÔPÕ%àËڟÝ%àßdÜÖ-ÔaÛ)Õ-Ú:MàäÔDAÞÔaÛMÛ)ÔaÛ)ÕÔR۝Ümß%ބՄÔàäÔÜ † ê4éU î.@8ñ Ô[ÕàÔÜgáåRÛ)å[ցÞHCß)Ôܟé4U ï.@8ñ

Ó Ô8Ùå AÔRàH=ÝMÝ)ÔaאÔRÛÕݝڦÖà„ÔÜëÞ„ÖmאÔÜÙ%ÔÜ×8åPÙÞäæÚw×ÔRÛ)Õ-Ü(† ¿ê,ÖmåRÝB=ÛÙ/ÚXßdÜXÜmޜÚwß*SÞäÛ)Õ°åPÖ?Q[՛Ü*ÙÔÜ =MÖmáÚwÛ%ÞËÜm×xÔÜÙÔ8Ö-åRá[ßMàËÚ¦ÕäÞH=Û

Ù)ÚwÛdÜà„Ôaß)Ö AB=àH=ÛÕËåNÙÔNÖ#åRáPß%àÚ¦Õ°ÞH=ÛAæ=×8Ý)Õ-Ú :Mà„ÔNÙßÁÜ#ÔRæPՁԦß)ÖÔ[ՍÚwßBSVÞäÛMՁåPÖ?Q[՛ܟÙ%ÔÜë°Þ„Ö-×ÔÜ Cß%Þ HuՁÖ=ß AMÔRÛÕdß%Û×<=6HÔaÛ¡ÙÔNæ=ÛՁÖ!ÔPÖ

à„ÔÜ5ÔPë#ëÔPÕ-Ü5ÛMåë#ÚRÜ#ՁÔÜ5ÙÔàHFäÚYÖ#ÖmÞAMåRÔÙÔ܍áåRÛåPցÞHCßMÔÜXâ

n¥¦¥†nqƒ†j€n{:nzgƒzyz˜‚Pn{³pœy‹‚sPrpk!ngs@£8o qnds?j-zqj°ƒ†rƒYj-yzŸs:¥Rj-zrzqj!™%‚Pngs,sM¨!rRµPy5‹ƒ†n©kX¨#j-zdƒ†n%‚PŽj#qƒRj-yz¤Žn©k!r

l5‹pk#j!qj°ƒ†…” ‚PrzŽ l5‹pk!j!q”ly‹‚¤k-ngs¤{:…Žj#qdr{:nzgƒPs˜‚Pn{py5‹‚sarpk!ns̓g‹bnk!“g‹bnšsayŸj°ƒ˜k›n‹‚ {³yŸŽn Žn

l‚Pngsaq%‚Pjl5ƒ†j-yœzb£

¶urpk!nr‹:zÐhNrM‚¦ƒ·Žngs /¶uŠ—€œn%zŽg‹·sun%z¾‚PrMzqn}n%z§¹Mººº

Ÿl~(©]<– š``>l(nM`xf,˜>w5f,n5nOl(n~(]

]<–Mnf,nW˜]8^W’f&vB˜X`§l’u]`

l&~(©]<– š``>l(nM`£f,˜>w5f,nOn5l(n~(]

]<–M˜](^W’f&v˜X`l<’u]``|™5˜]`§~(˜>|–:`

l&~(©]<– š`¥l}](~yf,˜w5f,nOnl(n~(]

ia,c d<c k dzc

ª f&vB˜~(]‰«&¦3˜](]` kOq5qod<‘

ngs<ln%‚sPyzzn5s /% …ngsa}Ak-n5s?¥Yn{:{?n5s:nƒk-n5s:qrƒ†…M y5‚Rj!ngs,sPyqj-rk#nds$sY‹l…%‚Pj-n‹‚Pn5s,sPyzgƒk-n5s<l‚Pj-zqj-lr‹±

qyzŸsayŸ{<{?rƒ†n‹‚suŽ¨V¯¶uŠ£¸³n¥Yr²yz …z…%‚Prk!nk#n5sN€rM‚[j!rpk!n5s8sayŸqj-y‡R…qyzy{<j!“g‹bns'qyŸ{<{:n(k!nA‚Pn€bnzd‹b}

k!r?Š 5h¤y5‹§k-n<zj›€bn)r‹«Ž¨X…Žg‹bq)rƒRj›yœz/µPy5‹bnzdƒV‹z6‚k-n?j-{<lyœ‚Xƒ†r%zgƒ¡s¦‹‚¡k-r?Ž…)qjXsPj-yz6Ž*¨!rqirƒxŽ¨/¶VŠ£n

Ž…€œnk›yœlln{:nzgƒ:Žngs /¶VŠ r«qyœzŽg‹j„ƒ<k!ngs,¥Yjm‚P{:ngsžª’{:nƒXƒY‚Pn§n%z (‹€‚Pn’Žngs´s¦ƒY‚Prƒ†…% j-n5s,{:r%‚ nƒYjmz 

r±œ…gndszygƒ†r%{<{:nzgƒs¦‹‚k#r/l5‹pk#j!qj°ƒ†…5£oA‹´qy5‹‚sŽngsxr%zz…)nsxºÍ}k-r¯l5‹pk#j!qj°ƒ†…ªŽngsYƒRj-zrƒRj›yœzžŽg‹6 ‚Pr%zŽ

l5‹pk#j!q rš…ƒ†…šr‹ƒwyœ‚†j#sP…dn ly‹‚¤k-n5sÆ{:…Žj!qr{?nzdƒPs zyœz say‹b{<jwsɪ‘l‚angsPq%‚Pj-l5ƒYj-yz {:…Žj!qgrk!n}$zyŸz

‚Pn{py5‹‚sPrpk#n5s,lrM‚,k¦¨!r5ssY‹‚Przqn˜{:rk!rŽj!n˜nƒžŽ5yzgƒ:kY¨#oA½˜½ zn˜qyŸ{ly‚¦ƒ†n©lrds6Žn’‚PngsXƒY‚Rj-qƒRj-yz®nz

{:rƒ†j-™%‚Pn<Žnl5‹pk#j!qj°ƒ†…<nz,‚Prjwsayœz6Ž¨‹bz,‚[j!sP“g‹¿n³ly5‹‚8k-r,sPrzgƒ†…l5‹pk-j!“g‹bn<tVŸj³n }¹Mººº5‰£œrl5‹pk-j!qj„ƒP…

r‹l‚P™dsŽg‹§ ‚arzŽ$l5‹pk#j!q4ln‹ƒ ƒY‚Pn4¥Yrj°ƒ†n$sY‹‚Žj-¥R¥R…M‚PnzgƒPs/s¦‹lly‚¦ƒPstYl5‚PngssPn:…q%‚Pj°ƒ†n}e‚Pr)Žœj-y}*ƒ†…%k-…%€jXsPj-yz

r¥¦¥Yj!qingsunƒ†q˜‰N{³rjXsunk!k#nnds¦ƒ·l‚P…q…)Ž…nŽ¨›‹z³qyœzdƒY‚k#nŽnAkY¨!r‹ƒ†y‚Rj°ƒ†…rŽ5{<j-zŸjXsYƒY‚PrƒYj€n5£

hŒr%‚Prk-k!™k!n{:nzgƒ†}ek-ngsÁ¥¦j-‚P{:ngsq)yœzsqj!nzgƒ†nds¡Žg‹§zy5‹€nr‹’‚œk-n<Žn5slrƒ†j-nzgƒPsa‡RqyzŸsPy{4{:rƒ†n‹‚Ar‹’sanj-z§Žg‹

qyk-k-yŸ“g‹bn’sPj-z5 5‹bk#j!n%‚a}Ásayœzdƒr{<nz…n5s<ª´Žœj-¥R¥X‹esan%‚<ŽnkY¨#j-zŸ¥Yy‚P{<rƒ†j-yz s¦‹‚<k!n‹‚sl‚Pjmzq)n%ls<Žj-‚Pnqƒ†n{<nzgƒ

r‹l‚P™ds¡ŽngsAlrƒRj-nzdƒPs£Šnli…zyŸ{³™zn?n%±lk-j!“g‹n<k#rl‚…gsanzqn<ŽŸnlk‹snz,lk›‹sÁ{?rM‚P“g‹b…n<Žn5sA¥Yj-‚[{:n5s

s¦‹‚Nk!ngssPj°ƒ†n5sVj-zdƒ†n%‚RznƒNŽ¨!jmz¥Yy‚P{<rƒ†j-yz4{³…Žœj!qdrk!n5£

hŒy‹‚

'

‚Pr%zŽœ¥Yj#kXsxnƒ3QSRMT>TX}t¦¼ÍÍ5щa}Ÿk-n5ss¦ƒY‚Prƒ†…M j-n5s8ŽnŽ…)€œnk-yœlln{:nzgƒ'Ž¨/¶VŠ”say‹s¥Yyœ‚P{<nŽ¨#jXsPy{<™%‚Pn5s

Žn˜qn%‚Yƒ†r%j-zs,l‚Pjmzq)n%ls6Ž¨›‹bzn’lbr%‚¦ƒžnƒ,Žn˜Žj-¥¦¥X‹·sPj-yŸz•Ž¨#j-z¥Yyœ‚P{:rƒ†j-yz”s¦‹‚6k!nsžl‚[j-zqnMlsr‹l‚P™gs6Žn5s

lrƒYj-nzdƒPsŽ¨!r‹ƒY‚Pn¯lr%‚XƒY}es@¨#j-zŸsq%‚Pj€nzgƒq)yœ{<{:nk¦¨‹bznŽn5s8l‚Pj-zqj-lrk!ngsAsYƒY‚Prƒ†…% j-n5s{<jXsngsnz (‹€‚Pn¥Yrqdn

ª˜kX¨Xr%‚R‚Pj€…)n˜Žnsž …%z…%‚Pj-“g‹bn5sMÇ £¡Šn@ƒ!ƒ†n˜n±lk-j#qdrƒYj›yœzƀrk!j#Žn˜kY¨#i5Ãly5ƒYi™dsPn sPnk-yz¬k!r“g‹bnk!k#n˜k!n’lrƒ†j-nzgƒ

qyzŸsayŸ{<{?rƒ†n‹‚ungsXƒpj-nz¯‹z<rqƒ†n‹‚Njm{<ly‚¦ƒ†r%zdƒ·Žr%zŸsuk!n/q%iyŸj±:ŽndsV{³…Žœj!qdr{:nzdƒPs£

Ò:gÓ ÔÜÚXßՁÖ-ÔÜÜ#ՁÖXڦՄåRáPބÔÜ5Ö!Ô¦à„ÔA@å[ÔÜ5Ù)Úw۝Ü5æ[ÔPՁՄÔåPÕ°ßMÙ%Ô·Ü=ÛÕ8Z

_348å AMÔRàH=ÝMÝ)Ô[ÖÜ=ÞH_›× QaאÔ?àäÔÜ(á@åRÛåPցÞHCßMÔÜÚRÜXÜ=MæaބåÜ ;:Ü#ÔÜ(ÝÖ-ÞäÛæPÔRݝÜ4é'àäßMæ=Ý%èÚwáÔ> ÙÔXÔ[Ö-æ9B_-ÓÞäÝ%èÚ³ÝÚ¦Ö/ÔS@ÔR×8Ý%à„ÔPç

ÙMåA@ÔRàH=ÝMÝåbÔaېáåRÛ)åP֛ÞHCßMÔÝdÚYÖXAÔPÖ!æA9NÔRÛÔPցÞäæÜÜ=ߝÜgàäÔÛR=× XAÔPÕ-ë4=MÖm×8ÞäÛ)Ô X¡Ô[Ö-æ96> ñ ç

_NÛåRá =MæRÞäÔPÖ8ÙMÔܐÝ)Ö=àH=Û%áÚ¦Õ°ÞH=ÛdÜ8ÙMÔ(Ý)Ö=MՁÔPæPÕÞH=Û6Ü=ßdÜVàËÚëG=%Ö-×Ô¯ÙMÔêŸÔRÖ#ՄÞËëËÞæÚ¦Õ-Üê =×8Ý%à„åR×ÔRÛ)Õ-Ú#ބÖ#ÔÜ8ÙÔ ‰ Ö=MՁÔRæPÕ°ÞH=Ûé„êê‰ ñç

_X =MÙބë›ÞÔPÖ ;œàËڟסڦցá@ÔeÜ#ÔÜgÝ)ÖmÞäÛMæPÔRÝdÜ5Ý@=ßMÖ = :ÕËÔaÛMބÖß%ېÛR=ß*A@ÔÚßM:)Ö-ÔAMÔPՁç

_XÔRÛMÔPÖgßMÛMÔ :Ú¦Õ-ÚXÞàäàäÔm‹ßÖ-ބÙÞHCßMÔNÚYë›ÞäېÙ%ÔÖ-ÔPÕ-Ú¦Ö#ÙÔPÖdàHFåRæRè)åÚXÛMæ[ÔÙßM:)Ö-ÔAMÔPÕ-â