26

233
7 23425678397

73 32623 01
(
!"#$%&' 927,+17.;/1F,2MJ./>8,/0,4/),+=/F,20./1?@)/.)/+,)89017.)/519A.;/>819/I/./),8/q<24.N/,4/3,+19/./0+,2<14,<0.;/1/
*.4/1/?,)).1/,/.80+.)/1)G 71/1-1921MJ.;/7,/4.7./>8,/O.4.//,)0=/,4?,<A171/<./+,*1?1*201MJ./,/10I/1/+,*.9.G
)*+,-./,)0,/1+023./?,*0.)/199A,2.)/1./,L,+*:*2./<J./.*.++1/1*.4.71MJ./?.+/),<027./7,/?1+02*2?1+/<1/*.<G *1MJ./7,<0+./71/.+31<2K1MJ./
*.4/./.56,02-./7,/71/F8<MJ./,/R)/,L23E<*21)/7./?1+0,/7,/<2<38I4/]/9:7,+/,/*+,02K1MJ./71/-2)J.r42))J./?.7,+J./16871+B/^1)/<./*1)./
16871+/1/9:7,+,);/01<0./0+1519A./,4/,>82?,B/ 927,+17.)B/H,/1938I4/<J./71/.+31<2K1MJ.N 71/*.,+E<*21/,/71/9,19717,;/
<1/-271/,*9,)2=)02*1;/ H,/./9:7,+/<J./1-1921/,/7,),61+/10,<7,+/.)/*+20I+2.);/ (4/0,+*,2+./9831+;/0,4.)/1/)2081MJ./I/412)/)I+21;/?.2)/
>81<0./<1/-271/2<)0208*2.<19;/1))84,/1/?.)08+1/#'$SSTU 7,-,+=/0145I4/,)01+/?+.<0./1/*.,+E<*21;/>8,/0,4/1/-,+/?.7,+=/,)01+/A1-,<7./7,)-2./
1/1-1921+/01<0././),8/?+@?+2./UV'$W7,2L1/,)01+/?1+1/-,+/1/7,2L1+/1/,>82?,B *.4/1/27,<02F2*1MJ./71/?,)G 7,/*.<7801/?+.-,<2,<0,/7,/
,4?,<A./>81<0././7,/)81/*.4./F2*1X;/?.7,/9,-1+/087./ ^2)08+1<7./84/?.8*./7,/).1/*.4/.)/27,12)/17.017.)/841/7,).+7,4/7./*1+=0,+B/Q/
,>82?,B 1/?,+7,+B/H,/I/84/Y+23.+2)G I02*1/,/?+2<*:?2.)/7,/927,G ?,91/.+31<2K1MJ.B/(91/I/4.G 7,?,<7,+/7./3+18/7,/72)0_+G
C./?1))17.;/1/180.+2717,/01Z;/>8,/?2<M1/*171/7,019A,/+1<M1;/I/?.)):-,9/,)015,9,*,+/7,9./*.,+,<0,/7,/-271B/s1K/52./<1/*.,+E<*21/,/<1/9,19G
,+1/51),171/<./*1+3.B/D.6,;/,/YF2*1/<./?IZ/71/,>82?,;/?,9./4,<.)/>810+./*+20I+2.)/./>8,/F191/,/F191/./>8,/F1KN/717,;/./*142<A./?.7,+=/),+/
<1/*.4?,0E<*21;/<1/,F2*2E<G 0.+<1/./1452,<0,/<,8+@02*./_0,2)/?1+1/,)0,/?+.*,))./7,/t,4//2<0,3+2717,/7,/*1+=0,+N/7.9.+.)./*.4/1/7,42))J.;/
*21/,/,F2*=*21B/H,/A=/1938I4/,/2<)8?.+0=-,9B/Q9I4/72)).;/1-1921MJ.B/(4/?+24,2+./9831+/O.4./9271/*.4/1/*8908+1/7./?.2)/1938I4/*.4/019/7,)-2./
<1/,>82?,/>8,/<J./*84?+,/,<0+14/,4/*,<1/1)/102087,)/0,4.)/1/*.4?,0E<*21;/>8,/3+8?.;/*.4/193841/F.F.*1N 7,/*.<7801/?.7,+=/*.9.*1+/
./),8/?1?,9;/),61/?.+>8,/7.)/927,+17.)/>8,/?.7,+J./0,4/1/-,+/*.4/1/*1?1*2717,/ (4/>81+0./9831+;/0,4.)/087./1/?,+7,+B/Q9I4/72)).;/
0+101/*.4/2<7,92*17,K1/.)/F2*1+/<841/*[4.71/?.)2MJ.;/,4/?.0,<*219/71/?,)).1/?1+1/1/9,19717,;/>8,/0,4/1/-,+/*.4./0,+/1938I4/<1/,>82?,/
*92,<0,);/),61/?.+>8,/<J./?+.0,327.)/?,9./),8/*1+3.;/./,L,+*:*2./7,/)81)/F8<M`,)B/*.4/1/72)?.)2MJ./71/?,)).1/,4/>8,/<J./),/?.7,/*.<F21+N
I/*.4?,0,<0,/?1+1/./,L,+G ,<>81<0./1/+,)?.<)1529271G Q/?,)).1/,)0=/*1?1*20171/,4/),/192<A1+/R/42))J.r-2)J./ H,/-.*E/I/./9:7,+;/*.452<,/
*:*2./71/F8<MJ.;/?.+/>8,/,/7,/?,9./)8*,))./.8/F+1*1))./?1+1/)15,+/*.4./9271+/*.4/71/.+31<2K1MJ./,/1./9:7,+B/*.4/1/,>82?,/,)0,/?+.*,))./
?1+1/>8,/41<0EG9./<./*1+3.N/1*151/),<7./91<M171/1?,<1)/1)/)2081M`,)/,<-.9-271)/<1G O.4././927,+17./,<*1+1/841/7,/1-1921MJ.;/7,2L,/*91+./
O.4./132+N/P/1>82/>8,/,<0+1/).5+,/1)/*.)01)/7./9:7,+B >829./>8,/-12/,L,*801+N 7,*2)J./*.<0+=+21/R/)81/.?2G ?1+1/0.7.)/>812)/),+J./.)/*+2G
./?+.*,))./71/1-1921MJ./71/ \.+/2))./4,)4.;/,4/?+2G (4/),38<7./9831+;/0,4.)/<2J.N/H,/1)/*.2)1)/<J./F.+,4/0I+2.)/1/),+,4/80292K17.)/<1/
,>82?,B 4,2+./9831+;/./4,9A.+/I/,)G 7,/*.<)27,+1+/./7,),4?,G *.4./,9,/>8,+;/?+.*8+1/3,+1+/1-1921MJ./,/),61/./?+24,2+./
Q/58)*1/1<0,*2?171/7,/*+2G 015,9,*,+/*.4/1/,>82?,/1/<A.;/>8,/I/1/*.4?,0E<*21/<1/*.<)?2+1MJ./.8/4.024/<./1/),/180.G1-1921+/*.<)01<0,G
0I+2.)/?1+1/1/1-1921MJ./71/<,*,))2717,/71/1-1921MJ./?,G abcdefghijkgelimlibnlkodgpmli3+8?.N/u2-,/72K,<7./Y2))./I/4,<0,B/H,/-.*E/I/927,+17.;/
,>82?,/I/./27,19;/?1+1/>8,/./+2@72*1B/(4/),38<7./9831+;/.8/*.4./1/?,)).1/,L,*801/*.2)1/7./*A,F,;/,8/<J./?.))./7E/1./),8/9:7,+/841/*@?21/
9:7,+/<J./),/?,+*1/.9A1<7./,)015,9,*,+/*.4/1/,>82?,/.8/),/,<-.9-,/<1)/102-271G F1K,+/<171ZN 7,)0,/1+023./,/2<*,<02-,G./
1?,<1)/?1+1/1/142K17,;/<,G .)/*+20I+2.)/>8,/),+J./80292G 7,)/>8,/9A,/)J./10+258:71)N/ \1+1/72F2*89717,)/<1/*.4G 1/9,-1+/,)0,/1))8<0./?1+1/1/
*,))2717,)/?,)).12)/7,/*171/K17.)/<1/1-1921MJ./,/./>8,/O.4./,91/,<*1+1/./),8/0+1G ?,0E<*21/,/<./7,),4?,<A.;/,>82?,B

O
vwxwy'T$#z$ +,4;/<J./7,-,4/8)1+/1/<.G 41M`,)/?+,*2)1);/<8<*1/2<G 082M`,)/F292171)/.8/<J./>8,/ ‹,45+1<7./>8,/1/Q‚ƒ‚(t/
{'"$S 4,<*9108+1/.F2*219/7./?1:)/F.+41M`,)/>8,/2<78K14/1/41<0,<A14/),8)/?+.F,)).+,)/<J./+,)?.<7,/).9271+214,<G
vS$|"|'}~~€ 7,)02<171/1/*8+).)/.F2*2192G 2<*.++,01/*.4?+,,<)J./7,/,/F8<*2.<=+2.)/+,32)0+17.)/0,/?,91)/2<)02082M`,)/F2921G
K17.);/012)/*.4./s1*89717,;/),8)/*8+).)/,/.F,+01)/7,/,<)2G *.4/O1+0,2+1/7,/t+1519A./71);/<,4/,91)/?,91/Q‚ƒ‚(t;/
84?+2<7././),8/51*A1+,917./,4/t,.9.321;/<.B/…80+.))24;/1)/2<)02082M`,)/1))2<171/*.<F.+4,/1/O.<).G 7,)01*14.)/>8,/./7,)*84G
?1?,9/7,/.+2,<01+/()?,*2192K1MJ.;/^,)0+17.;/F292171)/>8,/80292K1+,4/./9.3./9271MJ./71)/‹,2)/7./t+1519A.;/?+24,<0./71/9,32)91MJ./,4/
1)/2<)02082M`,)/F2921G „.80.+17.;/,0*B/W4,)4./802G 71/Q‚ƒ‚(t/1?,<1)/*.9.>8,4/41<0,<7./,4/721)/),8)/*.4G -23.+/,4/>819>8,+/=+,1/71)/
71);/1/Q‚ƒ‚(t;/,4/92K1<7./1/,L?+,))J./Y*8+)./1/,L?+,))J./Ys292171/1Z/1*241/?+.42)).)/0+2580=+2.);/?+,-2G 2<)02082M`,)/I/7,/2<0,2+1/+,)G
),8/7,-,+/7,/K,91+/?,9./5.4/92-+,Z/.8/1)),4,9A171X;/?1+1/7./9.3./,/<8<*1/1/,L?+,))J./7,<*2=+2.);/).*212);/)2<72*12);/?.<)15292717,/7,91)/4,)41)/
<.4,/5102)01/,/?,91)/2<)02082G <J./*.++,+,4/./+2)*./7,/?+.G YO+,7,<*2171/BBBZ/.8/Y‡,G ,0*B/()*91+,*,4.)/12<71/>8,/,/7,/)81/41<0,<,7.+1;/12<71/
M`,);/-,4/.+2,<01+/1.)/H,42G *,)).)/6872*212)B/…+2,<014.)/*.<A,*271/BBBZ;/?.2)/,)0,)/Y-.98<0=+2.Z/),+21/1?,<1)/./412)/>8,/1/?+@?+21/Q‚ƒ‚(t;/
<=+2.)/,/s1*89717,)/‚102)01)/0145I4/>8,/1)/?1+*,+21)/)J./10.)/+,)0+20.)/1./\.7,+/+,9232.)./>8,/?+,)01/),+-2M.)/*.<F.+4,/1*241/7,)*+20.;/
1/>8,/),/10,<A14/*82717.)1G *.4/2<)02082M`,)/*+,7,<*21G \_592*.B ?1)0.+12)/.8/+,9232.).);/7,)7,/0,4/.+2,<017./)81)/F292171)/
4,<0,/R/9,32)91MJ./,4/-23.+/71)/)@/7,-,4/),+/F2+4171)/ Q/Q‚ƒ‚(t/0,4/58)*17./2<G >8,/<J./,)0,61/,<-.9-27./1./,)0+20./*84?+24,<0./71)/
?1+1/>8,/<2<38I4/-,<A1/1/*.4/./7,-27./+,)?197./71/72*1+/R)/2<)02082M`,)/>8,/<J./*.4/./4132)0I+2./0,.9@32*.B/9,2)/7./?1:);/),614/0+151G
),+/?+,6872*17./?.+/1<71+/9,2B/\1+*,+21)/?1+1/1/.F,+01/?.))8,4/*.<72M`,)/7,/.F2*21G jkgoŒknbiagldmbiŒkninnbŽgi9A2)01);/F2)*12);/?1+1GF2)*12);/
7,)1-2)1714,<0,/R/41+3,4/71/2<0,3+192K1MJ./7,/*+I720.)/92K1+,4/),8)/*8+).)/.)/*142G 1/F8<MJ./7,/?+.F,)).+/.8/0145I4/7./q4520./71/9,32)G
7./>8,/1/9,2/?+,*.<2K1B W-19271MJ./7,/72?9.41)/7,/<A.)/1/),382+;/,)?,*2194,<0,/4,)4./*1?,9J./7,<0+./7./91MJ./,78*1*2.<19/,/0.71/,/
(45.+1/,)010801+214,<0,/*8+).)/92-+,)X;/?.+/,L,4?9.;/,4/)81/O.<F,+E<*21/+,192G ),42<=+2./7,-,/0,+/1/O1+0,2+1/>819>8,+/,L23E<*21/9,319/1/
<J./),61/F8<MJ./71/Q‚ƒ‚(t/)@/7,-,4/),+/F2+4171)/*.4/K171/,4/‚+1):921/,4/ˆ‰Š‰B/7,/t+1519A./1))2<171/*.<G ,91)/1F,01)B
F2)*192K1+/.8/0,+/2<3,+E<*21/2<)02082M`,)/>8,/?.))14/.F,G †4/7,)0,)/*142<A.)/),+21/F.+4,/?+,*.<2K1/1/9,2B/(/2))./ \.+/<J./*84?+2+/*.4/>819G
).5+,/1)/)81)/F292171);/<,4/+,*,+/,<)2<./F.+1/7,/)81/),7,;/1/0+1<)F.+41MJ./71)/2<)02082G 2<7,?,<7,/),/1/2<)02082MJ./>8,+/9,32)91MJ./,4/-23.+;/1/
4,)4./<.+4102K1+/./),8/012)/*.4./†<2-,+)2717,)/,/M`,)/<,)01/)2081MJ./,4/?@9./,)0,61/.8/<J./*+,7,<*2171/2<)02082MJ./?.7,+=/0,+/?+.G
F8<*2.<14,<0.;/1/Q‚ƒ‚(t;/2<)02082M`,)/*.4/*+,7,<*21G 7,/.80+1/2<)02082MJ./5102)01/?,9./^(OB 59,41)/F808+.)/,/7,)31)0,)/
,4/),8)/*.<3+,)).);/*.<F,G 4,<0./1/72)0q<*21/,/>8,/1/>8,/),61/*+,7,<*2171/?1+1/ \.+/.80+./917.;/),/./),G ,)?2+20812);/,4.*2.<12)/,/F2G
+E<*21);/,<*.<0+.);/10+1-I)/)81/2<)02082MJ./),61/84/?@9./*8+).)/1/72)0q<*21B/„,)01/F.+G 42<=+2./<J./7,),61/./),8/<1<*,2+.)/>8,/?.7,+214/),+/
7,/*.++,)?.<7E<*21)/,/?.+/*+,7,<*217./?,9./^(OB/Q<0,)/41;/./),42<=+2./*.<02<81+21/*+,7,<*214,<0./68<0./1./,-2017.)B/P/<,)),/,)?:+20./7,/
.80+.)/4,2.);/0,4/.+2,<01G 7,/,F,02-1+/>819>8,+/?1+*,+21/*.4/),8/*8+)./7,/F.+41MJ./^(O;/7,-,;/4,)4./1))24;/),+/*.4?1<A,2+2)4.;/7,/K,9./
7./,/19,+017./1/0.71)/,91)/1/1/2<)02082MJ./7,-,/*.<)8901+/./,)?,*:F2*1/1./4,)4./0,4?./841/,4?+,)1/+,32)0+171/<.)/?1+1/*.4/1/*18)1/7./^,)0+,;/
*84?+2+,4/1)/7,0,+42<1M`,)/72+,0.+G,L,*802-./71/Q‚ƒ‚(t;/,4/>8,/0,+21/84/*8+)./7,/@+3J.)/?_592*.);/0,<7./),8/,/7,/,L?,+2E<*21/7,/>8,4/
9,312)/,4/0.71)/1)/2<)0q<*21)B \+B/HI+32./C.38,2+1;/>8,/0,4/0,.9.321/+,*.<A,*27.;/),<7./OC\;/2<)*+2MJ./,/92*,<M1/7,/0,4/-2)0./193841)/2<)02082G
(<F102K14.)/841/-,K/412)/?9,<./*.<A,*24,<0./1/,)),/?@9./7,/.80+1B/Q/?+@?+21/Q‚ƒG F8<*2.<14,<0./<1/\+,F,208+1/M`,)/?1))1+,4/?.+/?+.59,41)/
?1+1/>8,/1)/2<)02082M`,)/?+.G +,)?,20.B ‚(t/?.7,/F.+<,*,+/.)/<.4,)/9.*19/,/*84?+2+/.)/7,412)/68+:72*.);/I/>8,/),/F1K/<,*,)G
*8+,4/1/9,3192K1MJ./68<0./ (<F102K14.)/12<71/>8,/71)/2<)02082M`,)/*+,7,<*2171)/+,>82)20.)/9,312);/41<0,<7./)=+21/,)01/.+2,<01MJ.B
1./^(O/?1+1/),8)/*8+).)/*.9.>8,4/,4/),8)/)20,)/,/?1+1/,<)2<./1/72)0q<*21B/ ,4/721/1/,)*+208+1MJ./7,/),8)/ \1+1<=;/ˆ‰/7,/13.)0./7,/
7,/t,.9.321B/H,/<J././F2K,G ?8592*2717,)/),4?+,/2<F.+G …+2,<014.)/12<71/R)/2<)02G 92-+.)/F2)*12)/,/*.<0=5,2)B ˆ‰ŠŠ