Scribd Logo
Fazer o upload

Bem-vindo(a) ao Scribd!

  • Fisiologia Do Exercício Teoria & Prática

    Enviado por

    Rebeca Angelim
    13 visualizações699 páginas

    Título original

    Fisiologia do Exercício Teoria & Prática

    Direitos autorais

    © © All Rights Reserved

    Formatos disponíveis

    PDF, TXT ou leia online no Scribd

    Você considera este documento útil?

    Este conteúdo é inapropriado?

    Denunciar este documento

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    13 visualizações699 páginas

    Fisiologia Do Exercício Teoria & Prática

    Enviado por

    Rebeca Angelim

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 699

    Os autores deste livro e a EDITORA GUANABARA KOOGAN LTDA.

    empenharam seus melhores esforços para


    assegurar que as informações e os procedimentos apresentados no texto estejam em acordo com os padrões aceitos à época
    da publicação. Entretanto, tendo em conta a evolução das ciências da saúde, as mudanças regulamentares governamentais e
    o constante fluxo de novas informações sobre terapêutica medicamentosa e reações adversas a fármacos, recomendamos
    enfaticamente que os leitores consultem sempre outras fontes fidedignas, de modo a se certificarem de que as informações
    contidas neste livro estão corretas e de que não houve alterações nas dosagens recomendadas ou na legislação
    regulamentadora. Adicionalmente, os leitores podem buscar por possíveis atualizações da obra em http://gen-
    io.grupogen.com.br.

    Os autores e a editora envidaram todos os esforços no sentido de se certificarem de que a escolha e a posologia dos
    medicamentos apresentados neste compêndio estivessem em conformidade com as recomendações atuais e com a prática
    em vigor na época da publicação. Entretanto, em vista da pesquisa constante, das modificações nas normas governamentais
    e do fluxo contínuo de informações em relação à terapia e às reações medicamentosas, o leitor é aconselhado a checar a
    bula de cada fármaco para qualquer alteração nas indicações e posologias, assim como para maiores cuidados e precauções.
    Isso é particularmente importante quando o agente recomendado é novo ou utilizado com pouca frequência.

    Os autores e a editora se empenharam para citar adequadamente e dar o devido crédito a todos os detentores de direitos
    autorais de qualquer material utilizado neste livro, dispondo-se a possíveis acertos posteriores caso, inadvertida e
    involuntariamente, a identificação de algum deles tenha sido omitida.

    Traduzido de:
    EXERCISE PHYSIOLOGY: INTEGRATING THEORY AND APPLICATION, FIRST EDITION
    Copyright © 2012 by Lippincott Williams and Wilkins, a Wolters Kluwer business.
    All rights reserved.
    2001 Market Street
    Philadelphia, PA 19103 USA
    LWW.com
    Published by arrangement with Lippincott Williams & Wilkins, Inc., USA.
    Lippincott Williams & Wilkins/Wolters Kluwer Health did not participate in the translation of this title.
    ISBN: 978-0-7817-8351-4

    Direitos exclusivos para a língua portuguesa


    Copyright © 2013 by
    EDITORA GUANABARA KOOGAN LTDA.
    Uma editora integrante do GEN | Grupo Editorial Nacional
    Travessa do Ouvidor, 11
    Rio de Janeiro – RJ – CEP 20040-040
    Tels.: (21) 3543-0770/(11) 5080-0770 | Fax: (21) 3543-0896
    www.editoraguanabara.com.br | www.grupogen.com.br | editorial.saude@grupogen.com.br

    Reservados todos os direitos. É proibida a duplicação ou reprodução deste volume, no todo ou em parte, em quaisquer
    formas ou por quaisquer meios (eletrônico, mecânico, gravação, fotocópia, distribuição pela Internet ou outros), sem
    permissão, por escrito, da EDITORA GUANABARA KOOGAN LTDA.

    Capa: Bruno Sales

    Produção: Freitas Bastos

    Ficha catalográfica

    K91f

    Kraemer, William J., 1953-


    Fisiologia do exercício: teoria e prática / William J. Kraemer, Steven J. Fleck, Michael R. Deschenes; revisão técnica
    Hugo Celso Dutra de Souza; tradução Ana Cavalcanti C. Botelho, Dilza Balteiro Pereira de Campos. - Rio de Janeiro:
    Guanabara Koogan, 2013.
    Tradução de: Exercise physiology: integrated from theory to practical applications
    ISBN 978-85-277-2400-5

    1. Exercícios físicos – Aspectos fisiológicos. I. Fleck, Steven J., 1951-. II. Deschenes, Michael R. III. Título.

    13-1837.

    CDD: 612.044

    CDU: 612.766.1
     )=' 

    /?P?KGLF?KŽC )CUCJ KCSD?JCAGBMN?G 1?W CKGLF?GPKŽ )SBWM@PGE?BMNCJM?KMPCASGB?BM/?P?


    KCSQ ¤JFMQ  #?LGCJ  LL? C ,?PG? QS? CVGQR‘LAG?  ?KMP C ?NMGM BŽM QCLRGBM  KGLF? TGB? /?P? KGLF?
    CQNMQ? )M?L NMPQCS?KMPC?NMGM?MCLDPCLR?PMQBCQ?¤MQB?TGB?
    -9<<91= !B15=5B

    /?P? KGLF? KŽC  $JB?  KCS N?G  ,?PT  KCSQ GPKŽMQ  ,?PT C &JCLL  KGLF?Q GPKŽQ  2SC C +GQ?  C QS?Q
    D?K”JG?QNCJMQSNMPRCL?KGLF?RP?HCR™PG?NCQQM?JCNPM¤QQGML?J/?P?KGLF?CQNMQ? ,?CJS NCJM?NMGMC
    AMKNPCCLQŽM?MJMLEMBCRMB?LMQQ?TGB? QM@PCRSBMBSP?LRCMNCP”MBMB?NPMBSŽMBCQRCJGTPM
    )D5F5> <53;

    /?P?KGLF?KŽC NMPQCS?KMPGLAMLBGAGML?J/?P?KCSN?G NMPQCKNPCRCP?APCBGR?BMCKKGK/?P?


    )CLLGDCPC&?@PGCJJC KGLF?QBS?QKCLGL?QJGLB?QOSCR?LRM?KM P?XŽMB?KGLF??LQGCB?BCCKAFCE?P
    LMQQ?A?Q?LM¤KBCA?B?BG?
    #93815<( 5C385>5C
    $!$'$'(

    9C:DE@A96CFDD6=='9
    'C?BMD2NMPR2AGCLAC
    2AFMMJMD2AGCLAC?LB3CAFLMJMEW
    -MRRGLEF?K3PCLR4LGTCPQGRW
    $LEJ?LB 4*

    *2?5C29F$*''
    "MSPQC(LQRPSARMP
    /CPQML?J%GRLCQQ3P?GLCP"CPRG¤A?RC/PMEP?K
    %?ASJRWMD"MLRGLSGLE$BSA?RGML?LB$VRCLQGML
    ,MSLR1MW?J4LGTCPQGRW
    "?JE?PW  !

    C68@CJHJ6C'9*$
    /PMDCQQMP
    $VCPAGQC2AGCLAC
    $?QR2RPMSBQ@SPE4LGTCPQGRWMD/CLLQWJT?LG?
    $?QR2RPMBQ@SPE /

    *4@EE:56$***
    'C?JRF%GRLCQQ#CN?PRKCLR"MMPBGL?RMP
    ,GLLCQMR?2AFMMJMD!SQGLCQQ
    6?GRC/?PI ,-

    .:==:2>2CBF92C'9
    QQMAG?RC/PMDCQQMP
    *GLCQGMJMEW?LB NNJGCB/FWQGMJMEW
    4LGTCPQGRWMD#CJ?U?PC
    -CU?PI #$

    !:>=F4<6J
    'C?JRF*GLCQGMJMEW
    3CV?Q ,4LGTCPQGRW
    "MJJCEC2R?RGML 37

    !6??:76C#@C5@?'
    BHSLAR/PMDCQQMP
    $VCPAGQC2AGCLAC!GMJMEW
    ,?LAFCQRCP"MKKSLGRW"MJJCEC
    ,?LAFCQRCP "3
    2NPGLE¤CJB3CAFLGA?J"MKKSLGRW"MJJCEC
    2NPGLE¤CJB ,
    0SGLLGNG?A4LGTCPQGRW
    '?KBCL "3

    C:2?2?5'9**
    QQGQR?LR/PMDCQQMP
    *GLCQGMJMEW
    3MUQML4LGTCPQGRW
    3MUQML ,#

    C2:82C>D'9
    /PMDCQQMP
    #CN?PRKCLRMD*GLCQGMJMEW
    *?LQ?Q2R?RC4LGTCPQGRW
    ,?LF?RR?L *2

    =J?@H2ED@?'9
    2CLGMP+CARSPCP+?@MP?RMPW#GPCARMP
    2AFMMJMD+GDC2AGCLAC
    -MPRFSK@PG?4LGTCPQGRW
    -CUA?QRJC SNML 3WLC 4*

    ":>36C=JF6J'9
    QQMAG?RC/PMDCQQMP
    /F?PK?AW?LB'C?JRF2AGCLACQ
    #P?IC4LGTCPQGRW
    #CQ,MGLCQ (

    $:4926=F896D'9
    2CLGMP+CARSPCPGL2NMPR$VCPAGQC/FWQGMJMEW
    "?PBGDD2AFMMJMD2NMPR
    4LGTCPQGRWMD6?JCQ(LQRGRSRC
    "?PBGDD 4*

    @=:? 88=656?
    4LGTCPQGRWMD/MPRQKMSRF
    /MPRQKMSRF 4*

    !6??:76C$!2<@3:'9
    /PMDCQQMP
    'SK?L*GLCRGAQ %?ASJRWMD'C?JRF?LB2MAG?J#CTCJMNKCLR
    4LGTCPQGRWMD!PGRGQF"MJSK@G?
    *CJMUL? !"

    C68"2?5E5)'**
    QQMAG?RC/PMDCQQMP
    'C?JRF?LB'SK?L/CPDMPK?LAC
    %MPR'?WQ2R?RC4LGTCPQGRW
    '?WQ *2

    $:496==6#"@>>*
    $BSA?RMP
    'C?JRF2AGCLACQ
    /GLL?AJC"?PCCP(LQRGRSRC
    *?LQ?Q"GRW ,.

    $:4926=)"FD9?:4<'9*
    QQMAG?RC/PMDCQQMPMD$VCPAGQC/FWQGMJMEW
    2AFMMJMD NNJGCB'C?JRF2AGCLACQ
    .FGM4LGTCPQGRW
    RFCLQ .'

    2?#292CE
    4LGTCPQGRW"MJJCEC!GPKGLEF?K
    !GPKGLEF?K 4*

    $2EE96H#66'9
    "2,1CEGQRCPCB"JGLGA?J$VCPAGQC
    /FWQGMJMEGQR?LB"JGLGA?J$VCPAGQC2NCAG?JGQR
    QQMAG?RC/PMDCQQMP
    *GLCQGMJMEW
    2?L%P?LAGQAM2R?RC4LGTCPQGRW
    2?L%P?LAGQAM "

    !@D6A9)#:3@?2E:'9
    QQGQR?LR/PMDCQQMP
    2AFMMJMD-SPQGLE
    4LGTCPQGRWMD/CLLQWJT?LG?
    /FGJ?BCJNFG? /

    !242=J?!)@6CE$4@>3'9*$
    /PMDCQQMPGL$VCPAGQC/FWQGMJMEW
    "CPRG¤CB"JGLGA?J "2,/PMEP?K
    #GPCARMP"JGLGA?J$VCPAGQC2NCAG?JGQR
    'C?JRF $VCPAGQC ?LB2NMPR2AGCLACQ
    3CV?Q3CAF4LGTCPQGRW
    +S@@MAI 37

    +:>@E9J$:4<=63@C@F89'9*$
    QQMAG?RC/PMDCQQMP
    *GLCQGMJMEW
    (LBG?L?4LGTCPQGRW
    !JMMKGLERML (-

    %:4@=6$F==:?D'9***
    QQMAG?RC/PMDCQQMP $VCPAGQC2AGCLAC
    'SK?L/CPDMPK?LAC$VCPAGQC2AGCLAC
    8MSLEQRMUL2R?RC4LGTCPQGRW
    8MSLEQRMUL .'

    2?%6H9@FD6'9
    /PMDCQQMP
    2AFMMJMD*GLCQGMJMEW
    +?ICFC?B4LGTCPQGRW
    3FSLBCP!?W .-

    ==6?'2C46=='9
    QQMAG?RC/PMDCQQMP
    $VCPAGQC2AGCLACQ
    !PGEF?K8MSLE4LGTCPQGRW
    /PMTM 43

    ;2J'2E6=*4$"
    #GTGQGML"F?GPZ'C?JRF2AGCLACQ
    'SK?L*GLCRGAQ
    +?LE?P?"MJJCEC
    5?LAMSTCP !"

    2G:5!'2G=2E5***
    QQMAG?RC/PMDCQQMP?LB"F?GP
    $VCPAGQC2AGCLAC
    "CLRP?J"MJJCEC
    /CJJ? (

    C:2?'C:ED496E'9
    /PMDCQQMP
    *GLCQGMJMEW2NMPRQ2RSBGCQ
    $?QRCPL(JJGLMGQ4LGTCPQGRW
    "F?PJCQRML (+

    =:D@?'FCG:D'9
    /PGLAGN?J+CARSPCPGL2NMPR?LB$VCPAGQC/FWQGMJMEW
    2NMPR#CN?PRKCLR
    2FCD¤CJB'?JJ?K4LGTCPQGRW
    2FCD¤CJB 4*

    .6?5J)6A@G:49'9*$
    #GPCARMP $VCPAGQC2AGCLAC
    /FWQGA?J$BSA?RGML 'C?JRF1CAPC?RGML
    $?QRCPL6?QFGLERML4LGTCPQGRW
    "FCLCW 6

    *E6G6?):649>2?'9$'*$
    QQGQR?LR/PMDCQQMP
    'C?JRF?LB*GLCQGMJMEW (LRCPAMJJCEG?RC%?ASJRWMD-SRPGRGML
    3CV?Q ,4LGTCPQGRW
    "MJJCEC2R?RGML 37

    >>2)@DD
    !PSLCJ4LGTCPQGRW
    4V@PGBEC 4*

    C:2?)@J'9
    /PMDCQQMP
    "CLRPCDMP,SQAJC,CR?@MJGQK?LB!GMNFWQGAQ
    !PMAI4LGTCPQGRW
    2R"?RF?PGLCQ .-

    2?:6=*JC@EF:<'9
    /PMDCQQMP5GAC#C?L
    4LGTCPQGRWMD J@CPR?
    $BKMLRML  !

    )6?6-2?56?3@@>'9
    QQMAG?RC/PMDCQQMP
    /FWQGA?J$BSA?RGML?LB*GLCQGMJMEW
    !PMAI4LGTCPQGRW
    2R"?RF?PGLCQ .-
    '2E)-69CD'9*$
    QQMAG?RC/PMDCQQMP
    $VCPAGQC2AGCLACQ
    !PGEF?K8MSLE4LGTCPQGRW
    /PMTM 43

    6?;2>:?.2I!C'9
    QQGQR?LR/PMDCQQMP
    *GLCQGMJMEW
    ,GQQGQQGNNG2R?RC4LGTCPQGRW
    ,GQQGQQGNNG2R?RC ,2

    62E96C.633'9+
    QQGQR?LR/PMDCQQMP
    #CN?PRKCLRMD*GLCQGMJMEW
    ,GQQGQQGNNG2R?RC4LGTCPQGRW
    2R?PITGJJC ,2

    2CJ.6C9@?:8$*
    "2,"CPRG¤CB"JGLGA?J$VCPAGQC2NCAG?JGQR
    QQMAG?RC+CARSPCP
    *GLCQGMJMEW?LB'C?JRF
    4LGTCPQGRWMD6WMKGLE
    +?P?KGC 68

    !@9?0@F?8'9*$
    /PMDCQQMP?LB"F?GP
    *GLCQGMJMEW?LB-SRPGRGML2AGCLACQ
    4LGTCPQGRWMD-CT?B? +?Q5CE?Q
    +?Q5CE?Q -5
    ': $

    MAMLRPŠPGMBMQBCK?GQJGTPMQB?ŠPC? OSC ECP?JKCLRC QŽMKSGRMCVRCLQMQCA?LQ?RGTMQ 0:0636.0(+6?,9*g*06B!,690(,


    9_;0*( AMLR? AMK SK? ?@MPB?ECK M@HCRGT?  OSC TGQ? ? GLRCEP?P MQ AMLACGRMQ RC™PGAMQ Q ?NJGA?CQ NPŠRGA?Q BM AMRGBG?LM
    NPM¤QQGML?J "MK RCVRM AJ?PM C BGPCRM   GBC?J N?P? MQ ?JSLMQ OSC BCQCH?K QC RMPL?P 7,9:65(3 ;9(05,9:  CQNCAG?JGQR?Q CK
    NPCN?P?ŽMD”QGA? GLQRPSRMPCQBCs;5,:: ¤QGMRCP?NCSR?Q RPCGL?BMPCQBC?RJCR?QCNPMDCQQMPCQBCCBSA?ŽMD”QGA?$QR?M@P?DMG
    CJ?@MP?B?AMKMM@HCRGTMBCAMLOSGQR?PMGLRCPCQQCCMCLRSQG?QKMBMQJCGRMPCQ D?XCLBMAMKOSCQCD?QAGLCKNCJMKMBM
    AMKM M AMPNM DSLAGML? C PCQNMLBC ?M CVCPA”AGM $QRC RCVRM D?PŠ AMK OSC M ?JSLM CLRCLB? AMKM  NMQQ”TCJ RPCGL?P N?P?
    KCJFMP?PMBCQCKNCLFM ?BOSGP?GLRCPCQQCNCJMQKCA?LGQKMQ¤QGMJ™EGAMQ@ŠQGAMQCQS?QDSLCQCQNCA”¤A?Q AMKNPCCLB??
    @?QC ¤QGMJ™EGA? BM BCQCKNCLFM D”QGAM C BM AMLBGAGML?KCLRM C NCPAC@? OSC M CVCPA”AGM C ? ?RGTGB?BC D”QGA? E?P?LRCK
    @CLCD”AGMQTGR?GQQ?žBCBCNCQQM?QBCRMB?Q?QGB?BCQ GLAJSQGTCB?QNMNSJ?CQCQNCAG?GQ
    0:0636.0(+6?,9*g*06B!,690(,9_;0*(@SQA??AMKNPCCLQŽMDSLB?KCLR?JB?¤QGMJMEG?BMCVCPA”AGMNMPKCGMBCOSCQRCQ
    NPŠRGA?Q /MP CVCKNJM  SK ?RJCR? BC Q?JRM CK ?JRSP? NMBC NCPESLR?P Y"MKM BCTM KC ?JMLE?P ?LRCQ BM Q?JRM CK SK?
    AMKNCRGŽM^4K?JSLMNMBCOSCQRGML?P?QCS7,9:65(3;9(05,9Y$SPC?JKCLRCAMLQGEMSK?@BMKCBC¤LGBMCKQCK?L?Q
    AMKM TG CK SK AMKCPAG?J^ Q CVNJGA?CQ C CQAMJF?Q DCGR?Q LCQQ?Q C CK KSGR?Q MSRP?Q QGRS?CQ PC¥CRCK M EP?S B?Q
    CVNCPG‘LAG?QCBSA?AGML?GQCBMRPCGL?KCLRM KCR?BMQ?SRMPCQGLRCEP?P?¤QGMJMEG?BMCVCPA”AGM@ŠQGA?AMKMCJCKCLRM
    AF?TC  ? ¤K BC ?HSB?P MQ CQRSB?LRCQ ? CLRCLBCP OS?GQ QŽM ?Q NMQQ”TCGQ PCQNMQR?Q Q TŠPG?Q NCPESLR?Q C AMKM ?AF?P CQQ?Q
    PCQNMQR?Q SRGJGX?LBM SK? NCPQNCARGT? @?QC?B? CK NCQOSGQ?Q  N?PRGP BCQRC RCVRM  M CQRSB?LRC CLRCLBCPŠ ?Q PCQNMQR?Q
    AMPNMP?GQ?ESB?Q?MCQRPCQQCMA?QGML?BMNCJMCVCPA”AGM AMLQRPSGLBM ?N?PRGPBGQQM MAMLFCAGKCLRMBCAMKMMAMPNMQC
    ?B?NR??MCVCPA”AGMC?MQCQRPCQQCQ?K@GCLR?GQ"MKCQQ?NPCN?P?ŽMNPM¤QQGML?J MQ?JSLMQCQR?PŽMK?GQA?N?AGR?BMQN?P?
    CLDPCLR?PMQBCQ?¤MQCPCQMJTCPMQNPM@JCK?QOSCCLDPCLR?PŽMAMKMHMTCLQNPM¤QQGML?GQ
     ?@MPB?ECK BCQRC JGTPM NMQQG@GJGR? ? AMKNPCCLQŽM GLRCPJGE?B? BMQ AMLACGRMQ ACLRP?GQ OSC MQ NPM¤QQGML?GQ B? ŠPC? BM
    CVCPA”AGM NPCAGQ?K Q?@CP $K@MP? LMQ A?N”RSJMQ F?H? NPCBMK”LGM BC BCRCPKGL?BM ?QQSLRM  ?Q GLDMPK?CQ DMP?K
    PCJ?AGML?B?Q?MSRPMQRCK?Q LŽMJGKGR?LBMMAMLRCžBM??NCL?QSK?ŠPC? Q?B?NR?CQ?MCVCPA”AGMQŽMCLRPCJ??B?Q?M
    JMLEMBMJGTPM LŽM¤A?LBMPCQRPGR?Q?SKžLGAMA?N”RSJM NPMTCGR?LBMMGLRCPCQQCBMQCQRSB?LRCQNMPLSRPGŽM KCJFMP?
    BMRPCGL?KCLRMCNCPB?BCNCQM BGTCPQMQCVCKNJMQCKA?B?ŠPC?DMP?KSQ?BMQN?P??QQMAG?PCQQCQR™NGAMQ?MJMLEMBMQ
    BGDCPCLRCQ A?N”RSJMQ JK BGQQM  BGTCPQ?Q CVNCPG‘LAG?Q DMP?K SRGJGX?B?Q N?P? DMPLCACP CVCKNJMQ BC ?NJGA?CQ NPŠRGA?Q C
    ?SVGJG?PMQ?JSLMQLMCQRSBMB?¤QGMJMEG?BMCVCPA”AGM
    $QR?M@P?BCQRGL?B??CQRSB?LRCQBCEP?BS?ŽMCKAG‘LAG?BMCVCPA”AGM GLAJSQGTC¤QGMJMEG?BMCVCPA”AGM K?QNMBCQCP
    NCPDCGR?KCLRC?B?NR?B??MSRPMQASPQMQN?P?MQOS?GQCQQCRGNMBCGLDMPK?ŽMQCH?GKNMPR?LRC.QBMACLRCQNMBCKSRGJGX?P
    CQRCJGTPMAMKM@?QCN?P?CVN?LBGPMAMLFCAGKCLRMAMKQCSNP™NPGMCQRGJMCCQNCAG?JGB?BC$QNCP? QCOSCGQQMD?AGJGRCM
    OSCQRGML?KCLRM C M GLRCPCQQC L? ŠPC? C KCJFMPC M BCQCLTMJTGKCLRM NPM¤QQGML?J C ? NPŠRGA? DSLB?KCLR?B? LM
    AMLFCAGKCLRMBMQCQRSB?LRCQ

    0A02C4AwBC820B

    0:0636.0( +6 ?,9*g*06 B !,690( , 9_;0*( AMLRK KSGRMQ ?QNCARMQ NCB?E™EGAMQ OSC ?HSB?K MQ CQRSB?LRCQ ? PCRCP ?Q
    GLDMPK?CQ GKNMPR?LRCQ C ?NJGAŠ J?Q -M GL”AGM BC A?B? A?N”RSJM  FŠ SK? JGQR? AMK MQ NPGLAGN?GQ NMLRMQ ?@MPB?BMQ C ?Q
    GLDMPK?CQGKNMPR?LRCQL?QOS?GQMQCQRSB?LRCQBCTCKQCAMLACLRP?PBSP?LRC?JCGRSP?'ŠR?K@KSKRCVRMGLRPMBSR™PGM
    OSCDMPLCACSK?@PCTCTGQŽMECP?JBM?QQSLRMBGQASRGBMCMM@HCRGTMBMA?N”RSJM
    $KA?B?A?N”RSJMFŠTŠPGMQ@MVCQCJ?@MP?BMQN?P??SVGJG?PMQ?JSLMQ?AMLCAR?P?NPCLBGX?BM AMKNPCCLQŽMCNPŠRGA?.Q
    @MVCQ,=0:b69_70+(SRGJGX?KR™NGAMQ@PCTCQN?P?BCQR?A?PRCK?QGKNMPR?LRCQ.Q@MVCQ#6*e:()0( DMPLCACKGLDMPK?CQ
    K?GQBCR?JF?B?QQM@PC?JESK?QQSLRMOSCNMBCCQR?P?JKBMCQAMNMBMA?N”RSJM AMKM@HCRGTMBC?HSB?PMQCQRSB?LRCQ?
    CVN?LBGPCKQS?@?QCBCAMLFCAGKCLRM.Q@MVCQ730*(cb6+(7,:8<0:(BCQAPCTCKK?GQBCR?JF?B?KCLRCAMKMMQB?BMQBC
    NCQOSGQ?NMBCKQCP?NJGA?BMQL?QQGRS?CQOSCMQCQRSB?LRCQNMBCKCLAMLRP?PL?NPŠRGA?.Q@MVCQ,9.<5;(:-9,8<,5;,:
    +6:,:;<+(5;,:PCQNMLBCKOSCQRCQSQS?GQ CVNJGA?LBMKGLSAGMQ?KCLRC?QQSLRMQAMLQGBCP?BMQBGD”ACGQNCJMQCQRSB?LRCQ.Q
    @MVCQ#0:b6+6,:7,*0(30:;(KMQRP?K CKNPGKCGP?KŽM MNGLGCQCNCPQNCARGT?QBCCQNCAG?JGQR?QB?ŠPC?PCJ?AGML?B?QAMKM
    AMLRCžBM?NPCQCLR?BMLMA?N”RSJM/MP¤K MQR™NGAMQ:;<+6+,*(:6 OSCDMP?KDCGRMQN?P?NPMKMTCPBGQASQQŽMCCVN?LBGP
    MNCLQ?KCLRMAP”RGAMBMQCQRSB?LRCQ CVNCKQGRS?CQCOSCQRCQ ?JKBC?JRCPL?RGT?QBCAMKMQCBCTCPCQNMLBCP?CQQ?Q
    MAMPP‘LAG?QBCK?LCGP?P?AGML?J
    -M¤KBCA?B?A?N”RSJM ?Q<,:;n,:+,9,=0:b6NPMNMPAGML?K?MQCQRSB?LRCQSK?AF?LACBC?NJGA?PMOSC?NPCLBCP?KC
    BC?T?JG?PMAMLFCAGKCLRMNMPKCGMBCOSCQRCQM@HCRGT?QCOSCCQRGKSJ?KMNCLQ?KCLRMAP”RGAM JGQR?BC!,946:*/(=,
    R?K@KLM¤KBMQA?N”RSJMQ DMPLCACBC¤LGCQB?RCPKGLMJMEG?AMK?OS?JMQCQRSB?LRCQBCTCKQCD?KGJG?PGX?P

    -9<<91= !B15=5B&8
    )D5F5> <53;&8
    #93815<( 5C385>5C&8
    * $! )$'

    0:0636.0(+6?,9*g*06B!,690(,9_;0*(DMGAPG?BMCBCQCLTMJTGBMAMKMM@HCRGTMBCCVNJGA?PAMKMNMQQ”TCJRPCGL?PN?P?
    KCJFMP?PMBCQCKNCLFMC?NPMDSLB?PMAMLFCAGKCLRMQM@PCMQKCA?LGQKMQ¤QGMJ™EGAMQ@ŠQGAMQCQS?QDSLCQCQNCA”¤A?Q
    .JGTPMR?K@KTGQ???HSB?PMQCQRSB?LRCQ?CLRCLBCPMQ@CLCD”AGMQTGR?GQOSCMCVCPA”AGMC??RGTGB?BCD”QGA?E?P?LRCK
    Q?žBC R?LRML?NMNSJ?ŽMECP?JAMKMCKNMNSJ?CQCQNCAG?GQ/MPD?TMP PCQCPTC?JESLQKGLSRMQN?P?JCPCQRCESG? OSC
    ?NPCQCLR??QDCPP?KCLR?QCA?P?ARCP”QRGA?QOSCGPŽM?KNJG?PQS?CVNCPG‘LAG?BC?NPCLBGX?BM
    ' "#)$(

    $QRC JGTPM DMG CQAPGRM AMK M M@HCRGTM BC ?HSB?P MQ HMTCLQ NPM¤QQGML?GQ ? NCPAC@CP M T?JMP B? AG‘LAG? CK QS?Q TGB?Q C ?
    KCJFMP?P QS? NPŠRGA? NPM¤QQGML?J /MP QCP SK? R?PCD? KSGRM CVGECLRC  CQQC AMKNPMKCRGKCLRM PCOSCP SK? COSGNC BC
    NPM¤QQGML?GQ?JR?KCLRCAMKNCRCLRCQBCBGA?BMQ?MQCSQSACQQM/MPGQQM ?EP?BCACKMQ?RMBMQMQCVACNAGML?GQNPM¤QQGML?GQ
    B?+GNNGLAMRR6GJJG?KQ6GJIGLQNCJMCQR”KSJMCNCJ?DCKA?B?N?QQMBMA?KGLFMNCPAMPPGBM
     $KGJW +SN?QF  CBGRMP? BC ?OSGQGCQ  OSC CLVCPEMS ? N?GVŽM CK LMQQ? GBCG? N?P? CQRC JGTPM C LMQ ?HSBMS ? RMPLŠ JM
    PC?JGB?BC  LBPC? *JGLEJCP  ECPCLRC BC NPMBSRM  NCJ? NCPQGQR‘LAG? NP?EKŠRGA?  ECLRGJCX? C N?AG‘LAG? BGŠPG? AMLMQAM LM
    NPMACQQMBCCQAPGR?CBCQCLTMJTGKCLRMZLŽMRCP”?KMQAMLQCESGBMQCKTMA‘ #?TGB/?WLC CBGRMPBCBCQCLTMJTGKCLRM
    NCJM CVRCLQGTM RP?@?JFM CBGRMPG?J LM BCQCLTMJTGKCLRM BC A?B? A?N”RSJM Z TMA‘ AMKN?PRGJFMS BC LMQQ? BCBGA?ŽM ?R
    ?JA?L?PKMQ ? CVACJ‘LAG? MQ MSRPMQ KCK@PMQ B? COSGNC B? +GNNGLAMRR JJGQML /MUCJJ  ECPCLRC BC K?PICRGLE 3CPCQ?
    ,?JJML AMMPBCL?BMP?BC+,:0.5)CL"JCKCLRQ BGPCRMP?BC?PRCEMQR?P”?KMQBCJFCQ?EP?BCACP ?QQGKAMKM?RMB?COSGNC
    NCJ?N?GVŽMCBCBGA?ŽM?CQRCNPMHCRM
     #P? ,?PCL %P?E?J?  SK? BC KGLF?Q 6)*  ?LRGE?Q AMJCE?Q BC BMSRMP?BM  M@PGE?BM NCJM QSNMPRC C NCJ? ?HSB? CK
    LMQQ?QRPMA?QBGŠPG?QBCGBCG?QCNMPQS?JCGRSP? RMBMQMQLMQQMQAMJCE?QBCBCN?PR?KCLRMB?4LGTCPQGRWMD"MLLCARGASR
    "MJMP?BM "MJJCEC C 3FC "MJJCEC MD 6GJJG?K  ,?PW  ?EP?BCACKMQ M ?NMGM C CLAMP?H?KCLRM BSP?LRC M BCQE?QR?LRC
    NPMACQQM BC BCQCLTMJTGKCLRM BCQRC JGTPM  RMBMQ MQ LMQQMQ AMJCE?Q AJ”LGAMQ  RALGAMQ C AGCLR”¤AMQ B? ŠPC? ?EP?BCACKMQ
    NMPQCPCK?GLQNGP?ŽMB?LMQQ?TGB?NPM¤QQGML?JCNMP?NMG?PCK??@MPB?ECKGLRCEP?B?¤QGMJMEG?BMCVCPA”AGM
    /MP¤K ?RMBMQMQLMQQMQ?LRGEMQC?RS?GQ?JSLMQB?EP?BS?ŽMCN™Q EP?BS?ŽM MQOS?GQLMQ¤XCP?KCLVCPE?P??JCEPG?
    B? BCQAM@CPR? C LMQ NCPKGRGP?K E?LF?P LMT?Q NCPACNCQ L? RALGA? BM CLQGL?P C LM KMBM AMKM ? AMLBSŽM BM
    AMLFCAGKCLRMNPŠRGA?NMBCDSLAGML?PKSGRMM@PGE?BM$QRCJGTPMPC¥CRC?GL¥S‘LAG?BCRMBMQTMA‘Q

    -9<<91=!B15=5B
    )D5F5><53;
    #93815<5C385>5C
    *":' $

    '2CE6 LF?52>6?E@D52:D:@=@8:25@I6C4{4:@
     0,+%#SR/&#'315+3#./30/24''./7'2%V%+/+P2+/

     +/'.'2)T4+%#'#4+3(#SR/&#'-#.&#'4#$Y,+%#0/2.'2)+#

    '2CE6 L:D:@=@8:25@I6C4{4:@6*:DE6>2D@CA@C2:D
     +34'-#53%5,/'315',T4+%/

     +34'-#'26/3/

    +34'-#+2%5,#4Y2+/


    +34'-#'30+2#4Y2+/

    +34'-#.&Y%2+./

    '2CE6 L%FEC:wv@6>3:6?E6
    50/24'542+%+/.#,0#2#/7'2%V%+/

    '-#.&#3+&2','42/,V4+%#3./7'2%V%+/

     '3#8/3-$+'.4#+3''3'-0'.*/V3+%/

    '2CE6L+C6:?2>6?E@A2C2*2ƒ​5666D6>A6?9@{D:4@
     /-02''.3R/'',*/2#&#/-0/3+SR//20/2#,

     2'3%2+SR/&'2'+.#-'.4/'2Y$+/'&'/2S#0#2##\&'''3'-0'.*/V3+%/

     '34'3&'3(/2S/0#2##\​&'04+&R/V3+%#'2'&+SR/&/'3'-0'.*/30/24+6/

     2)/)U.+%/3./7'2%V%+/'./30/24'

     /.3+&'2#S['33/$2'2'+.#-'.4/0#2#/05,#S['330'%+#+3

    H.&+%',(#$T4+%/
    1
    !

    *#"#)$(
     ( $!$ 
    $,'< $
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      !?M=L?P?LIJLI=?MMI>?J?MKOCM;
      !CMNCHAOCL?=F;MMCV=;LIMNCJIM>?J?MKOCM;
      "RJFC=;L;>C@?L?H‹;?HNL?@;NIM@OH>;G?HN;>IM?GJL†NC=;M=C?HNV=;M?HŠI=C?HNV=;M
      )?L?=IGJL??H>?LOGNL;<;FBI>?J?MKOCM;
      P;FC;L@IHN?M>?CH@ILG;‹ŠI
      "RJFC=;LIJLI=?MMI>?L?PCMŠIJILJ;L?M
      &HN?LJL?N;L??RNL;CLIM;=B;>IM>;J?MKOCM;HI=IHN?RNI

     ?LN;G?HN? PI= D† M? J?LAOHNIO U.O? NCJI >? JLIAL;G; Œ G;CM ;>?KO;>I J;L;
    G?FBIL;L I =IH>C=CIH;G?HNI ;?L•<CI[ IO U.O;F Œ ; G?FBIL G;H?CL; >? M? NL?CH;L
    =IG J?MIM[ IO U.O;CM MŠI IM ?@?CNIM >? M? =IGJ?NCL OG; =ILLC>;  00 H;
    ;FNCNO>?[ IO U, KO?
     >? @;NI
     ;=IHN?=? =IG I ​GšM=OFI KO;H>I >C@?L?HN?M NCJIM >?
    JLIAL;G;>?NL?CH;G?HNIMŠIOM;>IM[IOU.O;FŒ;G?FBILG;H?CL;>?J?L>?LAIL>OL;
    =ILJIL;F[ J?MKOCM;M?I=OJ;DOMN;G?HN?>?MM;MJ?LAOHN;M?=OLCIMC>;>?M
    ,I<D?NCPIŒ?H=IHNL;LL?MJIMN;MJ;L;J?LAOHN;M 0?HŠIBIOP?LKO?MNCIH;G?HNI
    HŠI
    B†<;M?J;L;J?MKOCM; FAOG;MJ?LAOHN;MD†@IL;GL?MJIH>C>;M?GJ?MKOCM;M;HN?LCIL?M
    JO<FC=;>;M?GL?PCMN;M=C?HNV=;M ,ONL;MJI>?GL?KO?L?LG;CM?RJ?LCG?HN;‹ŠIJILJ;LN?
    >IMJ?MKOCM;>IL?MJ;L;KO?HIPIM>;>IMM?D;GJLI>OTC>IM +IPIM>;>IM>??MNO>IM>?
     J?MKOCM; @ILH?=?G L?MJIMN;M J;L; J?LAOHN;M ? ;DO>;G ; ?RJ;H>CL I ?HN?H>CG?HNI
    MI<L?OG;MMOHNI #CAOL; I@?L?=?OG;PCMŠIA?L;F>IJLI=?MMI
    *OCN;M J?LAOHN;M JI>?G M?L L?MJIH>C>;M JIL G?CI >; J?MKOCM; JIL ?MNO>IM MI<L?
    >?N?LGCH;>I;MMOHNIH;FCN?L;NOL;=C?HNV=; +I=;GJI>;=CHZC;>I?MJILN???R?L==CI
    ?RCMN?G GOCNIM J?LC•​>C=IM
     KO;HNC>;>? KO? =L?M=? KO;H>I ;MMI=C;>; ‰M ​†L?;M
    L?F;=CIH;>;M >; HONLC‹ŠI
     VMCIFIAC;
     G?>C=CH; ? ?JC>?GCIFIAC; IR?    "MM? NCJI >?
    J?MKOCM;?RCA?I=IHB?=CG?HNI<†MC=I>IJLI=?MMI?>?=IGIF?LOGNL;<;FBI=C?HNV=I

    JIHNIMKO?M?LŠINL;N;>IMH?MN?=;JNOFI
    FŒG >CMMI
     ?MN? =;JNOFI ;JL?M?HN; GŒNI>IM HŠI =C?HNV=IM KO? >?P?G M?L ?PCN;>IM

    CHNLI>OT I F?CNIL ‰ FCN?L;NOL; =C?HNV=; ? L?MOG? IM =IGJIH?HN?M >? OG ?MNO>I
    CHP?MNCA;NCPIILCACH;F -ILVG
    I=;JNOFI;<IL>;=IGIŒJIMMP?F?RNL;CL;JFC=;‹™?MJL†NC=;M
    J;L;;M;NCPC>;>?M>C†​LC;MJLIP?HC?HN?M>;J?MKOCM;
    =CA>3Dsr>q?4B@D8B0

    NCQOSGQ?AMKC?AMKCVNCPGKCLRMQAMLBSXGBMQBC?AMPBMAMKMKRMBMAGCLR”¤AM LMOS?JMQB?BMQQŽMAMJCR?BMQ ?Q


    FGN™RCQCQRCQR?B?QC?QPCQNMQR?QN?P??QNCPESLR?QCQNCA”¤A?QM@RGB?Q%GESP?  ?LŠJGQCBMQPCQSJR?BMQ?ASKS g?BMQBC
    KSGRMQ CVNCPGKCLRMQ JCT? ? D?RMQ  RCMPG?Q C NPGLA”NGMQ /MP ¤K  ? NCQOSGQ? NMBC QCP BGTGBGB? CK BS?Q A?RCEMPG?Q ECP?GQ
    NCQOSGQ?@ŠQGA?C?NJGA?B?!MVCQC 

    86DA0   % ?A>24BB> 34 ?4B@D8B0 4=E>;E4 38E4AB0B 4C0?0B A4;028>=030B , I<D?NCPI JLCH=CJ;F >; J?MKOCM; Œ
    ;>C=CIH;L=ILJI>?=IHB?=CG?HNI;OG;​†L?;>??MNO>I

    LRCQ BC CLRP?PKMQ LM NPMACQQM BC NCQOSGQ? SQ?BM LMQ CQRSBMQ CVNCPGKCLR?GQ  GKNMPR?LRC CLRCLBCP ?Q QCESGLRCQ
    JGKGR?CQB?NCQOSGQ?
     -ŽMCVGQRCMCQRSBMNCPDCGRM
     -CLFSKCQRSBMAMLQCESCAMLR?P?FGQR™PG?RMB?
     3MBM CQRSBM ?NPCQCLR? SK AMLRCVRM CQNCA”¤AM N?P? M OS?J DMG DCGRM C JGKGRCQ NMRCLAG?GQ LM OSC BGX PCQNCGRM 
    ECLCP?JGX?ŽMBCQGRS?CQQGKGJ?PCQ
     ,SGR?QTCXCQ MQ?AF?BMQB?NCQOSGQ?LŽMQŽM™@TGMQ K?QQGKM@QASPMQCKRCPKMQBC?NJGA?ŽMNPŠRGA? MOSCCVGECOSC
    M NPM¤QQGML?J RCLF? ? KCLRC ?@CPR? C NP?RGOSC ? Y?PRC B? NPM¤QQŽM^ SQ?LBM ? CVNCPG‘LAG?  M @MK QCLQM C M QCLQM
    AMKSKL?QCQAMJF?QDCGR?Q?N?PRGPB?GLRCPNMJ?ŽMMSCVRP?NMJ?ŽMBMQ?AF?BMQBCNCQOSGQ?
     -?K?GMPG?B?QTCXCQ MCQRSBMNPMBSXK?GQNCPESLR?QOSCPCQNMQR?Q
     "MLQAGCLRGX?ŽMBCOSC?QAMGQ?QKSB?KCOSCLMTMQ?AF?BMQNMBCK?JRCP?PNPGLA”NGMQCAMLACGRMQ?LRGEMQC NMPR?LRM
    KSB?P??@MPB?ECK?SK?QQSLRMCKN?P​RGASJ?P!MVCQC 

    !&  -, 


    !-4-dc7,-8-:1l​,1+7;+75:->1;c787:8):-;-5+1f6​+1),7-;87:<--
    -@-:+h+17
     KCPGA?L)MSPL?JMD2NMPRQ,CBGAGLC
     NNJGCB/FWQGMJMEW -SRPGRGML ?LB,CR?@MJGQK
     SQRP?JG?L)MSPL?JMD2AGCLAC?LB,CBGAGLCGL2NMPR
     !PGRGQF)MSPL?JMD2NMPRQ,CBGAGLC
     "?L?BG?L)MSPL?JMD NNJGCB/FWQGMJMEW
     "JGLGA?J)MSPL?JMD2NMPR,CBGAGLC
     "JGLGA?J$VCPAGQC/FWQGMJMEW
     "JGLGAQGL2NMPRQ,CBGAGLC
     "SPPCLR2NMPRQ,CBGAGLC1CNMPRQ
     $SPMNC?L)MSPL?JMD NNJGCB/FWQGMJMEW
     $VCPAGQC?LB2NMPR2AGCLACQ1CTGCUQ
     (LRCPL?RGML?J)MSPL?JMD2NMPR-SRPGRGML?LB$VCPAGQC,CR?@MJGQK
     (LRCPL?RGML?J)MSPL?JMD2NMPRQ,CBGAGLC
     (QMIGLCRGAQ?LB$VCPAGQC2AGCLACQ
     )MSPL?JMD NNJGCB!GMKCAF?LGAQ
     )MSPL?JMD NNJGCB/FWQGMJMEW
     )MSPL?JMD RFJCRGA3P?GLGLE
     3FC)MSPL?JMD.PRFMN?CBGA?LB2NMPRQ/FWQGA?J3FCP?NW
     )MSPL?JMD/FWQGA?J ARGTGRW'C?JRF
     3FC)MSPL?JMD2NMPRQ,CBGAGLC
     3FC)MSPL?JMD2NMPRQ,CBGAGLC?LB/FWQGA?J%GRLCQQ
     )MSPL?JMD2NMPRQ2AGCLACQ
     )MSPL?JMD2RPCLERF?LB"MLBGRGMLGLE1CQC?PAF
     ,CBGAGLC?LB2AGCLACGL2NMPRQ?LB$VCPAGQC
     ,CBGAGLC?LB2NMPR2AGCLAC
     /CBG?RPGA$VCPAGQC2AGCLAC
     1CQC?PAF0S?PRCPJWDMP$VCPAGQC?LB2NMPR
     2A?LBGL?TG?L)MSPL?JMD,CBGAGLC2AGCLACGL2NMPRQ
     2NMPRQ!GMKCAF?LGAQ
     2NMPRQ,CBGAGLC

    !&  -, 


    )476/)5-6<7,->-.)B-:8):<-,7)9=-+15-6<7

    -CLFSK CQRSBM AMLQCESC CVNJGA?P RSBM QM@PC SK ?QQSLRM CK N?P​RGASJ?P JK BGQQM  RMBM CQRSBM ?NPCQCLR? SK
    AMLRCVRM TGQRMOSCQCPCJ?AGML?AMKQS?QT?​PGŠ​TCGQBCNCLBCLRCQBCKMBMOSC?PCQNMQR?N?P?SK?NCPESLR?NMBCQCP
    BGDCPCLRC BCNCLBCLBM B?Q AMLBGCQ BM CVNCPGKCLRM 'Š ?LMQ  RPCGL?BMPCQ C ?RJCR?Q RP?R?K M ?JMLE?KCLRM AMKM
    N?PRCBM?OSCAGKCLRM?LRCQB?AMKNCRGŽM?RJRGA?CB?QQCQQCQBCAMLBGAGML?KCLRM RCMPG??JCE?T?PCBSŽMBM
    PGQAM BC JCQŽM C ?HSB? L? NPCN?P?ŽM N?P? ? ?RGTGB?BC %MG NPMT?BM OSC M RPCGL?KCLRM BC ¥CVG@GJGB?BC ?SKCLR? ?
    ?KNJGRSBCBCKMTGKCLRM LMCLR?LRMRCK QCOSCQRGML?BMQCM?JMLE?KCLRMBCTCD?XCPN?PRCBM?OSCAGKCLRM
    #?BA?B?BCBC PCJ?RMQBCNCQOSGQ?QMA?QGML?GQOSCQRGML?P?KMSQMBMRPCGL?KCLRMB?¥CVG@GJGB?BC
    AMKMN?PRCBM?OSCAGKCLRM NMPKLCACQQŠPGMRCKNMN?P?SKAMPNMBCCQRSBM?ASKS​J?PAMLFCAGKCLRMCA?SQ?P
    GKN?ARM L? NPŠRGA? s KCBGB? OSC M ?QQSLRM DMG ¤A?LBM K?GQ NMNSJ?P C ?Q LCACQQGB?BCQ BC NCQOSGQ? DMP?K QC
    RMPL?LBMPCJ?RGT?KCLRC@?P?R?Q K?GQCK?GQNCQOSGQ?QAMKC?P?K??ASKS​J?PB?BMQ QSECPGLBMOSCM?JMLE?KCLRM
    LŽMNPCTGLCJCQŽMMS?HSB?LMBCQCKNCLFM#CD?RM CQRSBMQBCNCQOSGQ?AMKC?P?K?KMQRP?POSCM?JMLE?KCLRM
    CQRŠRGAMNMBCQCPNPCHSBGAG?J?MBCQCKNCLFM BGKGLSGLBM?NPMBSŽMBCDMP? NMQQGTCJKCLRCBCTGBMPCBSŽMB?
    ?RGT?ŽM ​KSQASJ?P C BMQ KCA?LGQKMQ GLG@GR™PGMQ BM QGQRCK? LCPTMQM ACLRP?J BCK?GQ  KMQRPMS QC OSC R?LRM M
    ?JMLE?KCLRM CQRŠRGAM OS?LRM M B? D?AGJGR?ŽM LCSPM​KSQASJ?P NPMNPGMACNRGT? NPMBSXCK B¤AGRQ L? NPMBSŽM B?
    NMR‘LAG?CB?DMP?​KSQASJ?PBCTGBM CLRPCMSRP?QAMGQ?Q BCDMPK?ŽMMS?MCQRGP?KCLRMBMAMKNMLCLRCCJŠQRGAMBM
    KžQASJM MS QCH?  RCAGBM AMLHSLRGTM  (QQM PCBSX M GKN?ARM BM AGAJM ?JMLE?KCLRM CLASPR?KCLRM C ?SKCLR? MQ
    KCA?LGQKMQGLG@GR™PGMQBMQGQRCK?LCPTMQMACLRP?J
    "MLRP?PG?KCLRC M?JMLE?KCLRM@?J”QRGAMMSBGL‹KGAM MOS?JDMGAMLQGBCP?BMSKR?@SNMP?LMQ KMQRPMSQCPSK
    KRMBM CDCRGTM N?P? KCJFMP?P M BCQCKNCLFM BGL‹KGAM OS?LBM SQ?BM AMKM ?RGTGB?BC BC ?OSCAGKCLRM QQGK  ?
    OSCQRŽMBCOS?LBM?JMLE?PCOSCRGNMBC?JMLE?KCLRMPC?​JG​X?PQCRMPLMSSK?BCAGQŽMGKNMPR?LRC?QCPAMLQGBCP?B?
    NMP RALGAMQ C ?RJCR?Q RS?JKCLRC  NCQOSGQ?Q CQRŽM QCLBM AMLBSXGB?Q CK RMBMQ MQ ?QNCARMQ BM ?JMLE?KCLRM AMKM
    N?PRC BM ?OSCAGKCLRM N?P? MRGKGX?P M BCQCKNCLFM $QQC  SK CVCKNJM BC AMKM ? NCQOSGQ? AMKC? ? A?SQ?P
    GKN?ARM L? NPŠRGA? 2CLBM ?QQGK   NPCAGQM RMK?P ?JESK?Q BCAGQCQ . OSC TMA‘ D?PG? 0S?J  ? ?@MPB?ECK K?GQ
    NPSBCLRCQCTMA‘RGTCQQCBC?OSCACPQCSQ?RJCR?Q?LRCQBMCVCPA”AGMMSB?AMKNCRGŽM0SCRGNMBC?JMLE?KCLRMBCTC
    QCP SQ?BM 0S?LRM RCKNM ?LRCQ BC SK? AMKNCRGŽM MS BM CVCPA”AGM M ?JMLE?KCLRM BCTC QCP PC?​JG​X?BM  QC DMP
    CKNPCE?BM . OSC TMA‘ D?PG? AMK M OSC QC AMLFCAC FMHC CK BG? ?ACPA? BCQQ? OSCQRŽM "MKM TMA‘ APSX?PG? MQ
    CQRSBMQAMK?QQS?QAGPASLQR‹LAG?QCQNCA”¤A?Q

    15@A>--05/5;:-8
    !P?BJCW/2 .JQCL/# /MPR?Q,#3FCCDDCARMDQR?RGA @?JJGQRGA ?LBNPMNPGMACNRGTCLCSPMKSQASJ?PD?AGJGR?RGMLQRPCRAFGLEML
    TCPRGA?JHSKNNCPDMPK?LAC)2RPCLERF"MLB1CQ Z
    "P?KCP )3  'MSQF 3)  6CGP )/  CR ?J 3FC ?ASRC CDDCARQ MD QR?RGA QRPCRAFGLE ML NC?I RMPOSC  KC?L NMUCP MSRNSR
    CJCARPMKWMEP?NFW ?LBKCAF?LMKWMEP?NFW$SP) NNJ/FWQGMJ  Z
    ,?PCI2, "P?KCP)3 %GLAFCP + CR?J ASRCCDDCARQMDQR?RGA?LBNPMNPGMACNRGTCLCSPMKSQASJ?PD?AGJGR?RGMLQRPCRAFGLEML
    KSQAJCQRPCLERF?LBNMUCPMSRNSR) RFJ3P?GL Z
    1S@GLG$" "MQR? + &MKCQ/23FCCDDCARQMDQRPCRAFGLEMLQRPCLERFNCPDMPK?LAC2NMPRQ,CB Z
    2FPGCP(2RPCRAFGLE@CDMPCCVCPAGQCBMCQLMRPCBSACRFCPGQIMDJMA?JKSQAJCGLHSPW?APGRGA?JPCTGCUMDRFCAJGLGA?J?LB@?QGA
    QAGCLACJGRCP?RSPC"JGL)2NMPR,CB Z
    8MSLE6! !CFK#&$DDCARQMDPSLLGLE QR?RGAQRPCRAFGLE?LBNP?ARGACHSKNQMLCVNJMQGTCDMPACNPMBSARGML?LBHSKNGLE
    NCPDMPK?LAC)2NMPRQ,CB/FWQ%GRLCQQ Z

    E2A2D5@>xE@5@4:6?E{M4@
    %SLB?KCLR?JKCLRC MKRMBMAGCLR”¤AMAMLQGQRCCKBGTCPQ?QCR?N?Q@ŠQGA?QBCNPMBSŽMBMQB?BMQOSCDMPLCACPŽM?@?QC
    AMLAPCR?N?P?PCQNMLBCPQOSCQRCQ
     <(3d(7,9.<5;( $KNPGKCGPMJSE?P MNCQOSGQ?BMPNPCAGQ?D?XCPM@QCPT?CQ?ACPA?BCSKDCLšKCLMMSEPSNMBC
    DCLšKCLMQOSCECP?KNCPESLR?QAMKMNMPOSC AMKM OS?LBM OSCK OS?JCMLBC
     8<,:,:(),:6)9,6*6976+,*65/,*04,5;61_(*<4<​3(+65(-694(+,,:;<+6:7<)30*(+6: .NCQOSGQ?BMPCV?KGL?CQRSBMQL?
    JGRCP?RSP?N?P?TCPQC?Q NCPESLR?Q NMBCK QCPPCQNMLBGB?Q AMK?QGLDMPK?CQCVGQRCLRCQ
     ,(7,9.<5;(5b676+,:,9,:7,*0s*(4,5;,9,:765+0+((3.<d Q 79,*0:(*65:;9<09<4(/07k;,:, FGN™RCQCSKN?JNGRCCBSA?BM
    BMOSCNMBCPG??AMLRCACPCKSKCVNCPGKCLRM CK@?Q?B?L?JGRCP?RSP?MSCKM@QCPT?CQ?LCB™RGA?QNCV MOSCTMA‘
    MSMSRP?QNCQQM?QM@QCPT?P?KAMKMQCLBMTCPB?BCGPM  FGN™RCQCBCTCPCQNMLBCPNCPESLR?MPGEGL?JCQCPN?QQ”TCJBC
    RCQRCSQ?LBMT?​PGŠ​TCGQKCLQSPŠTCGQ
     !,:;,(/07k;,:,-(A,5+6<4,?7,904,5;64KCVNCPGKCLRMCJ?@MP?BMBCK?LCGP??BCOS?B?BCTCQCPAMLBSXGBM?¤KBC
    AMJCR?PB?BMQN?P?RCQR?P?T?JGB?BCB?FGN™RCQC$QQ?CVNCPGKCLR?ŽM CK@MP??N?PCLRCKCLRCQGKNJCQ AMLQRGRSG?@SQA?
    NPGKŠPG?BMQ?JSLMQB?EP?BS?ŽMCKAG‘L​AG?QCBMQNCQOSGQ?BMPCQv™@TGMOSCOS?LRMK?GQCQNCA”¤A?Q?QAMLBGCQ
    BC NCQOSGQ? CK PCJ?ŽM Q QGRS?CQ MS NMNSJ?CQ BC GLRCPCQQC  K?GMP ? NMQQG@GJGB?BC BC ?NJGA?ŽM CK BCRCPKGL?B?
    QGRS?ŽM/MPCVCKNJM QCMGLRCPCQQCBCQCLTMJTCPSKNPMEP?K?BCDMP?CQNCAG?JKCLRCN?P?FMKCLQAMKK?GQGB?BC
    C QC CQRŠ AMLBSXGLBM SK CVNCPGKCLRM N?P? BCRCPKGL?P OS?GQ CVCPA”AGMQ NPMBSXCK MQ K?GMPCQ E?LFMQ ?@QMJSRMQ CK
    DMP? FMKCLQAMKK?GQGB?BCBCTCKQCPTGPAMKMQSHCGRMQLMCVNCPGKCLRM CLŽMFMKCLQHMTCLQ
     5(30:, 6: +(+6: , */,.<, ( <4( *65*3<:b6 N™Q MQ B?BMQ QCPCK AMJCR?BMQ  BCTCK QCP ?L?JGQ?BMQ CQR?RGQRGA?KCLRC N?P?
    BCRCPKGL?P QC ? FGN™RCQC DMG QSQRCLR?B? MS LŽM . CVNCPGKCLRM PCQN?JB?PŠ MS PCHCGR?PŠ ? FGN™RCQC  C ? NCPESLR? QCPŠ
    PCQNMLBGB?BCLRPMBMAMLRCVRMB?QAMLBGCQCVNCPGKCLR?GQNCV FMKCLQMSKSJFCPCQ T?PG?ŽMBCGB?BC CQR?BMBM
    RPCGL?KCLRM  NMBCLBM QCP ?NJGA?B? BC K?LCGP? CQNCA”¤A? MS ECP?J !MVC   $K MSRP?Q N?J?TP?Q  M N?JNGRC CQR?T?
    AMPPCRMC ?EMP? CVGQRCKD?RMQOSCPCQN?JB?KMSPCHCGR?K?FGN™RCQCCPCQNMLBCKNCPESLR?MPGEGL?J
     64<508<,6:9,:<3;(+6:.QPCQSJR?BMQBCSKCQRSBMQŽMT?JGB?BMQ?NCL?QOS?LBMQŽMNS@JGA?BMQCK@5B9s​493?3?=
    B5F9Cj?@?B@1B5CZL?OS?JMQCQRSBMQQŽM?T?JG?BMQNMPNCQOSGQ?BMPCQC?ACGRMQMSPCHCGR?BMQAMK@?QCL??ASPŠAG? L?
    GLRCPNPCR?ŽM  LMQ NPMACBGKCLRMQ AGCLR”¤AMQ ECP?GQ  L? ?BCOS?ŽM B? KCRMBMJMEG? C L? DMP? BMQ B?BMQ !MVC  
    QQGK AMKM BGQQC SK? TCX M ¤QGMJMEGQR? h SQASJ?P /FGJGN &MJJLGAI Y3P?@?JFM LŽM NS@JGA?BM  RP?@?JFM LŽM DCGRM  C
    RP?@?JFMLŽMNS@JGA?BMRP?@?JFMOSCLŽMCVGQRC^

    !&  -, 


    -8-6;)6,7=5)018l<-;-
    v GKNMPR?LRC CLRCLBCP OSC ? FGN™RCQC  ?NCL?Q SK AMLACGRM MS N?JNGRC BC AMKM ?Q AMGQ?Q DSLAGML?K 3MBM
    AMLFCAGKCLRMQM@PC?JEMCKNCQOSGQ?RCKAMKM@?QC?QAMLBGCQT?​PGŠ​TCGQGLBCNCLBCLRCQ OSC?DCR?K?QT?​PGŠ​TCGQ
    BC PCQNMQR? T?​PGŠ​TCGQ BCNCLBCLRCQ  MS ? A?N?AGB?BC BC KCBGP SK DCLšKCLM 1CNCLQ?P SK? FGN™RCQC PCTMJTC M
    AMLACGRMBCOSCCVGQRCK?JRCPL?RGT?Q$KNCQOSGQ? CQQCLAG?JKCLRCRCQR?BMMOSCQCAF?K?BCYFGN™RCQCLSJ?^ MS
    SK?AMLBGŽML?OS?JLŽMF?TCPŠBGDCPCL?QCKAMKN?P?ŽM?JESK?0S?LBMCVGQRCKBGDCPCL?Q NPCAGQMPCHCGR?PM
    LSJM C ?ACGR?P M OSC QC BCLMKGL? FGN™RCQC ?JRCPL?RGT?  AMK @?QC L?Q AMLBGCQ OSC ? NPMBSX?K 1CNCLQ?P SK?
    FGN™RCQCL?B?K?GQOSCRCQR?P?TG?@GJGB?BCBCSK?FGN™RCQC?JRCPL?RGT?CKBGDCPCLRCQAMLBGCQ/MPCVCKNJM ?
    GLECQRŽMBCEMPBSP?NMBCQCPK?J¤A?QC?QQMAG?B??EP?LBCQGLECQRCQBCA?P@MGBP?RM NMPKMGKN?ARMNMBCLŽM
    QCP LCE?RGTM OS?LBM ?QQMAG?B? ?M @?GVM AMLQSKM BC A?P@MGBP?RMQ ,SGR?Q TCXCQ  ?Q KSB?L?Q BC N?P?BGEK? L?Q
    FGN™RCQCQQŽMBGD”ACGQ HŠOSCTŽMBCCLAMLRPMOSGJMOSCCP?AMLQGBCP?BMTCPB?BCGPMFŠ?LMQ QQGK ¤A?CTGBCLRC
    NMPOSC NMBC CVGQRGP AMLDSQŽM L? AMKSLGB?BC JCGE? BCTGBM ?M OSC N?PCAC QCP PCAMKCLB?ŽM MS NCQOSGQ?
    AMLRP?BGR™PG?$LRCLBCPMNPMACQQMAGCLR”¤AMAMKMSKNPM¤QQGML?JB?AG‘LAd?BMCVCPA”AGMDMPLCACBGQACPLGKCLRM
    N?P??GLRCPNPCR?ŽMBMQ?AF?BMQB?NCQOSGQ?CQS?ECLCP?JGX?ŽM

    15@A>--05/5;:-8
    +MDEPCL( 9CPL3 'CPPML* CR?J6CGEFRJMQQ?QQMAG?RCBUGRFPCBSACBGLR?ICMDA?P@MFWBP?RCPCBSACQRFC?RFCPMECLGAGRWMD
    +#+GLNPCKCLMN?SQ?JUMKCL,CR?@MJGQK Z
    6MMB1) %CPL?LBCX,+ 2F?PK?L,) CR?J$DDCARQMD?A?P@MFWBP?RC PCQRPGARCBBGCRUGRF?LBUGRFMSRQSNNJCKCLR?JQMJS@JC
    ¤@CP ML NJ?QK? JMU BCLQGRW JGNMNPMRCGL AFMJCQRCPMJ ?LB MRFCP AJGLGA?J K?PICPQ MD A?PBGMT?QASJ?P PGQI ,CR?@MJGQK
     Z
    $xE@5@D?v@4:6?E{M4@D
    (LDCJGXKCLRC ?QPCQNMQR?QN?P??QNCPESLR?QQŽMKSGR?QTCXCQBCPGT?B?QBCKRMBMQLŽMAGCLR”¤AMQ$QQCQKRMBMQNMBCK
    B?P PCQNMQR?Q AMPPCR?Q  CLRPCR?LRM  LŽM P?PM AMLBSXCK  YBCQAMLCVŽM^ CLRPC NCPACNŽM C PC?JGB?BC $K@MP? LŽM QCH?
    NMQQ”TCJ@?QC?PRMB?Q?QBCAGQCQCKSKCQRSBMAGCLR”¤AM MQNPM¤QQGML?GQBCTCKCQR?P?RCLRMQ?MQKRMBMQLŽMAGCLR”¤AMQ
    C ?MQ D?RMQ OSCQRGMLŠTCGQ OSC NMBCK NPMBSXGP  QCESGP  ?JESK?Q ?@MPB?ECLQ LŽM AGCLR”¤A?Q SQ?B?Q N?P? CLAMLRP?P
    PCQNMQR?Q 7(9( 7,9.<5;(: QŽM ?NPCQCLR?B?Q v NMQQ”TCJ OSC TMA‘ PCAMLFC? ?JESK?Q BCQQ?Q ?@MPB?ECLQ NMP KCGM BC QS?Q
    CVNCPG‘LAG?QAMK?KGEMQ NPMDCQQMPCQCRPCGL?BMPCQ!MVC 

    067,_^1
    (LRSGŽMOSCPBGXCP?A?N?AGB?BCBCQ?@CP?JESK?AMGQ?QCKOS?JOSCPP?XŽM PCQNMQR?N?P?SK?NCPESLR?7,9*,)0+(MS
    QCLRGB?  GLBCNCLBCLRCKCLRC BC OS?JOSCP CVNCPG‘LAG? NPTG? MS AMLFCAGKCLRM CKN”PGAM $K@MP? ? GLRSGŽM QCH? KSGR?Q
    TCXCQSQ?B?LMNPMACQQMBCRMK?B?BCBCAGQŽMCKRMB?Q?QNPM¤QQCQ KCQKMCKAG‘L ^G? CJ?BCTCQCPPCAMLFCAGB?NCJM
    OSC  SK N?JNGRC MS SK? FGN™RCQC 4K? NCQQM? NMBC RCP SK NPCQQCLRGKCLRM QM@PC ?JESK? AMGQ?  NMPK CQQ? QCLQ?ŽM
    NMBCQCP L?TCPB?BC @?​QC?​B?CKKSGR?QCVNCPG‘LAG?Q?LRCPGMPCQCLMAMLFCAGKCLRMB?AG‘L​AG?CKRMPLMB?OSCQRŽM4QŠ
    J?AMKMDCPP?KCLR?NMBCQCPSKCJCKCLRMB?Y?PRC^LMNPMACQQMBCRMK?B?BCBCAGQŽM LMCLR?LRMNPCAGQMRCPACPRCX?BC
    OSCCVGQRCSK?@?QCAMLAPCR?QS@H?ACLRC?MQCLRGKCLRMGLRSGRGTM2CKGQQM ?GLRSGŽMNMBCQCPCLE?LMQ?CCPP?B? QCESGP
    ?JESK?QGLRSGCQGLAMPPCR?Q
     /CLQMOSCMRP?@?JFMBCRPCGL?KCLRMAMKNCQMBCTCSQ?P?NCL?QCVCPA”AGMQSLG?P​RGASJ?PCQ
     AFMSK?@M?GBCG?AMKCPSK@GDC?LRCQB?N?PRGB?BCDSRC@MJ
     AFMSK?@M?GBCG??JMLE?PCQR?RGA?KCLRCNMSAM?LRCQB?KGLF?žJRGK?RCLR?RGT?LMQ?JRMCK?JRSP?
     APCBGRMOSCBCK?LFŽACBMQCH?MKCJFMPFMPŠPGMN?P?AMKNCRGP
     AFMKSGRMCQRPCQQ?LRCN?P?SK?KSJFCPAMPPCPSK?K?P?RML?
     APCBGRMOSCQCSK?KSJFCPJCT?LR?PNCQM CJ?T?G¤A?PKSGRMEP?LBC
     AFMOSCLSLA?QCNMBC@C@CPKSGR?ŠES?BSP?LRCSK?AMPPGB?BCJMLE?BGQR‹LAG?

    ,4& <
    1<=)1;,7:-*)<-,7:
    5MA‘HŠLMRMS?QPGCBCPGRS?GQNPCN?P?R™PGMQOSCSKHME?BMPBC@CGQC@MJD?X?LRCQB?QPC@?RGB?Q$QQ?PMRGL?GLAJSG
    SK? OS?LRGB?BC CV?R? BC KMTGKCLRMQ  ?HSQR?P M @ML  RMA?P CK A?B? JCRP? BM SLGDMPKC  ?E?PP?P SK? KCB?JFGLF?
    D?XCP M QGL?J B? APSX C @?RCP L? NJ?A? AMK M R?AM ?JESK?Q TCXCQ /MP CVCKNJM  ?LRCQ BC A?B? ?PPCKCQQM  -MK?P
    &?PAG?N?PP? ?LRGEMHME?BMPBC?@?QCBMQ+MQ LECJCQ#MBECPQ Q?”​?B?​ŠPC?BM@?RCBMP?HSQR?T??@P??BCGP?BM
    @P?MBGPCGRMRMA?T??/64,73(;,
    AMKMR?AMJCT?T??KŽM?MA?N?ACRCRMA?T??CVRPCKGB?BCBMR?AMK?GQSK?TCX
    JCT?T??KŽM?MA?N?ACRCD?XG?MQGL?JB?APSX@?J?L?T?MR?AMLMMK@PMBGPCGRM?HSQR?T??JST?B?KŽMBGPCGR?AMK
    ? KŽM CQOSCPB? ?PP?QR?T? ?Q RP?T?Q BM A?J?BM L? ?PCG? APSX?T? ? KŽM BGPCGR? QM@PC ? CQOSCPB? AMLDMPKC G?
    ?PP?QR?LBM ?L?JST?B?KŽMCQOSCPB? PCNCRGLBMBGTCPQ?QTCXCQRMPAG?C?PP?QR?T?SK?RP?T?BCA?B?TCXL??PCG?C
    BCQCLF?T?GLžKCPMQA”PASJMQAMKMR?AMCKQCLRGBM?LRG FMPŠPGM#CD?RM ,GIC'?PEPMTC HME?BMPBC?@?QCBM
    "JCTCJ?LB(LBG?L ¤AMSAMLFCAGBMAMKM;/,/<4(59(05+,3(@NCJMR?LRMBCRCKNMOSCQCSQPGRS?GQAMLQSKG?K4LQ
    AF?K?K BC PGRS?GQ BC QSNCPQRGŽM ?LRCQ B? PC@?RGB?  CLOS?LRM MQ HME?BMPCQ ?APCBGR?K OSC MQ PGRS?GQ ?HSB?K L?
    AMLACLRP?ŽM N?P? M ?PPCKCQQM QCESGLRC )Š OSC PC@?RCP ? @MJ? BC @CGQC@MJ  AMLQGBCP?B? ? R?PCD? K?GQ BGD”AGJ BM
    CQNMPRC  AMLACLRP?ŽM C NPCAGQŽM QŽM CQQCLAG?GQ GLB? OSC CQQCQ PGRS?GQ LŽM RCLF?K CK@?Q?KCLRM AGCLR”¤AM  
    NMQQ”TCJOSCQCH?KGKNMPR?LRCQN?P?MBCQCKNCLFMLMCQNMPRC


    -13 RP?BSŽMBC/64,73(;,AMKNJCV? K?QNMBCKMQCLRCLBCPAMKMM*,5;96+()(:,OS?PR?@?QC 

    4$',_^1
    3P?BGŽM  ?JEM AMKM YCK RGKC OSC CQRŠ E?LF?LBM LŽM QC KCVC^ $QQC RGNM BC ?@MPB?ECK L? QMJSŽM BC NPM@JCK?Q
    CLTMJTC?ACPRMMSCPPM BCNCLBCLBMB?@?QCAMLAPCR?B?RP?BGŽM$KCQNMPRC AMKSKCLMPK?JKCLRCCVCPACNMSAMMS
    LCLFSK CDCGRM LCE?RGTM /MP CVCKNJM  MQ A?N?ACRCQ BC DSRC@MJ ?KCPGA?LM NMBCK K?LRCP ? KCQK? JMEMK?PA? NMP ?LMQ
    AMKMN?PRCB?RP?BGŽMB?CQAMJ? NPCMASN?ŽMQSPECOS?LBMRP?BGCQM@QMJCR?QCVRP?NMJ?KCTGMJ?K?AG‘L​AG??RS?JCM
    AMLFCAGKCLRMAMLAPCRMQM@PCBCRCPKGL?BM?QQSLRM/MPCVCKNJM LŽMPCQNCGR?PMQGLRCPT?JMQLCACQQŠPGMQN?P?M@RCLŽMB?
    FGBP?R?ŽM?BCOS?B?BSP?LRC?NPŠRGA?BMCQNMPRCMSNP?RGA?P??RGTGB?BCLMA?JMPBMBG?NMPQCPCQQ??K?LCGP?NCJ?OS?J
    QCKNPCDMGDCGR? QRP?BGCQ NPCAGQ?KQCP ?T?JG?B?Q OS?LRM  C¤AŠAG? AGCLR”¤A? C  @?QCAMLAPCR??RS?J QCESGP ?JESLQ
    MSRPMQCVCKNJMQBCAMLACGRMQDSLB?KCLR?BMQCKRP?BGŽM
     4KHME?BMPN?QQ??KŽML?K?QAMRCB?CQAMJ??LRCQBCA?B?HMEMCKA?Q?L?APCL?BCOSCGQQMPCQSJR?PŠCKTGR™PG?
     KCQK?PMRGL?BC?OSCAGKCLRMSQ?B?CKRMBMQMQHMEMQ
     .HME?BMPQC?JGKCLR?QCKNPCAMK?KCQK?PCDCGŽM?LRCQBMQHMEMQ
     NCL?QSKRGNMBCNPMEP?K?BCRPCGL?KCLRMGLRCPT?J?BMSQ?BM

    (06$6,8$((441
    .KRMBMBCRCLR?RGT?CCPPMDPCOSCLRCKCLRCSRGJGX?BMN?P?M@RCPSK?PCQNMQR?!?QGA?KCLRC CQQ??@MPB?ECKAMLQGQRC
    CKRCLR?PSK??ŽMCTCPG¤A?P?M@RCLŽMBMPCQSJR?BMBCQCH?BMMSLŽMvSK??@MPB?ECKAMKSKCKKSGR?Q®PC?QBM
    CVCPA”AGMCBMCQNMPRCCNMBCQCPAMLQGBCP?B?AMKMYKGLGCVNCPGKCLRMQ^2CCQQCKRMBMDMPSQ?BMHSLR?KCLRCAMKD?RMQ
    AGCLR”¤AMQCAMLFCAGKCLRMQM@PCM?QQSLRM NMQQ”TCJOSCNPMTCC¤AG‘LAd?-MCLR?LRM NPCAGQMQCKNPCRCPASGB?BM SK?
    TCXOSCCVNCPGKCLRMQP?LBšKGAMQLCKQCKNPCQŽM​GBC?GQ NMBCLBM?RKCQKMQCPNPCHSBGAG?GQ
    $QQ??@MPB?ECKNMNSJ?P NMGQLCKRMBMQMQGL​BG​T”​BSMQPCQNMLBCKAMKM?KBG?MS?PCQNMQR?KBG?#CQQCKMBM
    ?RJCR?QGL​BG​TG​BS?GQRCLR?KBGDCPCLRCQKRMBMQBCBGCR?MSRPCGL?KCLRMCM@QCPT?KAMKMDSLAGML?KAMKCJCQ-ŽMP?PM
    CQQCKRMBMSRGJGX?BMAMKM?JRCPL?RGT?OS?LBMFŠD?JR?BCGLTCQRGE?ŽMAGCLR”¤A?CKBCRCPKGL?BM?QQSLRM/?P??@MPB?P
    ? OSCQRŽM BMQ YPCQNMLBCBMPCQ^ C YLŽM PCQNMLBCBMPCQ^ ? ACPRM RP?R?KCLRM  FMHC CK BG? KSGR?Q NCQOSGQ?Q KMQRP?K ?Q
    PCQNMQR?QBCA?B?QSHCGRM ?JKB?PCQNMQR?KBG? ?¤KBCNCPKGRGPOSCMJCGRMPM@QCPTC?T?PG?@GJGB?BCB?QPCQNMQR?QGL _ G*
    TG​BS?GQTCP%GESP?AMKMCVCKNJM  QCESGP ?JESLQCVCKNJMQBCQQCKRMBM1C¥GR?QM@PC?@?QCAMLAPCR?BCA?B?SK
    QM@PCAMKMQCPG?CQAMJFCPSKNMLRMBCN?PRGB?COS?GQNMBCPG?KQCP?JESLQCDCGRMQLCE?RGTMQBMSQMBCQQ??@MPB?ECKN?P?
    CLAMLRP?P SK? PCQNMQR? /CLQC R?K@K QM@PC M OSC GQQM QGELG¤A? QC LCK RMBMQ MQ GL
    _ Gq”_ SMQ PCQNMLBCK BC K?LCGP?
    QGKGJ?P
     3CLR?PBGCR?QBGDCPCLRCQN?P?M@QCPT?POS?JDSLAGML?
     %?XCP SK RCQRC BC CQDMPM N?P? TCP QCP M@RK ? PCQNMQR? B? DPC​OS‘LAG? A?PB”?​A? BCQCH?B? N?P? ? NPCQAPGŽM BC SK
    CVCPA”AGM
     3CLR?PJCT?LR?PSKNCQMCTCPQCNCPKGRC?OS?LRGB?BCBCPCNCRGCQBCQCH?B?NCJ?NPCQAPGŽMBMCVCPA”AGM
     3CLR?PGLECPGPBCRCPKGL?B?OS?LRGB?BCBCNPMRC”​L?QCM@QCPT?PQC?HSB?MSLŽML?AMLQRPSŽM​KSQASJ?P
     3CLR?PAMPPCPLMPGRKMB?AMPPGB?LMA?JMPQCKCVNMQGŽMNPTG??MA?JMP

    86DA0   B A4B?>BC0B 8=​38​E8​3D08B 0 D< CA0C0<4=C> 4G?4A8<4=C0; ?>34< E0A80A M L?JIMN;M CH​>C​PC​>O;CM >I
    =IF?MN?LIF ? NLCAFC=?L>CI MŒLC=I ; OG; >C?N; =IG <;CR; CHA?MNŠI >? =;L<IC>L;NI P;LC;G X ;FAOHM CH​>C​P​>OIM
    >?GIHMNL;G;OG?HNI
    IONLIM
    >CGCHOC‹ŠI
    ?;FAOHM
    H?HBOG;;FN?L;‹ŠI FCHB;;TOFCH>C=;;GŒ>C;>IALOJI

    !,`​5
    $KECP?J NCLQ? QCCKTG​QBCK?LCGP?LCE?RGT? SK?TCXOSCAMLQRGRSGSK?NPCDCP‘LAG?MSGLAJGL?ŽMOSCKSGR?QTCXCQ
    NMBC GLG@GP PCQNMQR?Q GKN?PAG?GQ N?P? ? NCPESLR? 2C M TG​Q DMP DSLB?KCLR?BM CK D?RM AGCLR”¤AM  NMBC QCP NMQGRGTM
    "MLRP?PG?KCLRC OS?LBMAFCE?KMQ?AMLAJSQCQ@?​QC?​B?QCKD?RMPCQBGDCPCLRCQB?QCTGB‘LAG?QAMLAPCR?Q MTG​QNMBCQCP
    NPCHSBGAG?J ?M NPMACQQM BC RMK?B? BC BCAGQŽM  QCESGP  ?JESLQ CVCKNJMQ BC TG​Q "MLQGBCPC QC CVGQRC @?QC AMLAPCR? N?P?
    A?B?SKBCJCQCOS?GQGKN?ARMQLCE?RGTMQNMBCPG?KA?SQ?PQCDMPCK BCD?RM GLAMPPCRMQ
     ,GLF?MNGLGŽMOSC?NCL?QFMKCLQBCTCKNP?RGA?P/6*2,@LMECJM
     ,CSTG​QOSCLMQQ?COSGNCBCTCQCPAMKNJCR?KCLRCFGBP?R?B?L?LMGRC?LRCPGMPC?LRCQB?AMKNCRGŽM
     $KKGLF?MNGLGŽM ?NCL?QCQQ??@MPB?ECKBCRPCGL?KCLRMCQRŠAMPPCR?
     AFMOSCKSJFCPCQLŽMBCTCKRPCGL?PAMKNCQM
     /CLQMOSC?RJCR?QNPCAGQ?KRP?@?JF?PK?GQNCQ?BM
     ,GLF?RCLB‘LAG??AF?POSCMQCDCGRMQBMAJGK?DPGMQŽMRMBMQNQGAMJ™EGAMQ
     APCBGRMOSCAMKNCRGP?KCRPMQLŽM?DCR?MBCQCKNCLFML?QNPMT?QBCA?KNM
     ,CSNCLQ?KCLRMOSCRMBMKCK@PMB?COSGNCBCTCRPCGL?PLMKCQKMBG?

    7614,'$'(
    1CQNMLBCPSK?NCPESLR?AMK@?QCLMNMLRMBCTGQR?BC?JESK?Q?SRMPGB?BCQNMBCQCPNMQGRGTMMSLCE?RGTM BCNCLBCLBM
    B?QOS?JG¤A?CQ B?@?QCAMLAPCR?CMSB?PCJCT‹LAG?FGQR™PGA?B??SRMPGB?BC4K?PRGEMHŠ?LRGEMCQAPGRMNMPSKKBGAM
    CK SK? PCTGQR? AGCLR”¤A?  ?JCPR?LBM N?P? M CVACQQM BC CVCPA”AGMQ AMK B?LM LM AMP?ŽM BMQ ?RJCR?Q   SK CVCKNJM BC
    ?SRMPGB?BCLŽMAML¤Š qCJN?P?@?QC?PQS?QBCAGQCQ QGLDMPK?CQQM@PC?Q?B?NR?CQC??LŠJGQCDSLAGML?JBM h žQASJM
    A?PB”?​AMDPCLRC?MRPCGL?KCLRMD”QGAMCQRŽMBCQ?RS?JGX?B?QvNPCAGQM?NSP?PAMKASGB?BM?QOS?JG¤A?CQB??SRMPGB?BC M
    AMLRCVRMB?PCQNMQR?DMPLCAGB? ?MA?QGŽMB?GLDMPK?ŽMCMSRPMQD?RMQAMLFCAGBMQ"MKMQSPEGKCLRMAMLQR?LRCBCLMT?Q
    NCQOSGQ?Q  OSCK CP? ?SRMPGB?BC ?JESLQ ?LMQ ?LRCQ  ?RS?JKCLRC NMBC LŽM QCP K?GQ  QCESGP  ?JESLQ CVCKNJMQ BC OSCK
    NMBCPG?QCPAF?K?BMBCY?SRMPGB?BCL?​ŠPC?^"MLQGBCPCMQ?QNCARMQNMQGRGTMQ @CKAMKM?QP?XCQN?P?QCRCPASGB?BM
     4KNPCN?P?BMPD”QGAMOSCBGQASRC?QNPŠRGA?QLSRPGAGML?GQBCHME?BMPCQ
     4K LSRPGAGMLGQR? OSC RCAC AMKCLRŠPGMQ QM@PC M NPMEP?K? BC CVCPA”AGMQ OSC KCJFMP NPMKMTC ?JRCP?CQ LM
    BCQCKNCLFM?CP™@GMCL?NCPB?BCEMPBSP?
     4KD?KMQMRPCGL?BMPBCDSRC@MJ?KCPGA?LMAMKCLR?LBMQM@PCMQKCJFMPCQKRMBMQBCAMLBGAGML?KCLRMB?COSGNC
     4KPCLMK?BMRPCGL?BMPBC@?QOSCRCOSCD?XAMKCLRŠPGMQ?ACPA?BMKCJFMPKRMBMBCKMRGT?ŽMB?COSGNCN?P?SK
    EP?LBCHMEM
     4KNPMDCQQMPBCAG‘L​AG?BMCVCPA”AGMD?J?LBMQM@PC?KCJFMPK?LCGP?BCFGBP?R?PSKHME?BMP?LRCQBCSK?N?PRGB?BC
    DSRC@MJ
     4KHME?BMPBCDSRC@MJBCQCJCŽMBGQASRGLBMAMKMQCNPCN?P?PN?P?SKHMEML??JRGRSBC
     4KJGTPM RCVRMAJŠQQGAMBCQM@PCAG‘L​AG?BMCVCPA”AGM
     4KK?LSQAPGRMAJŠQQGAMPCTGQ?BMNMPN?PCQBCSKNCPG™​BGAMBCEP?LBCPCNSR?ŽMCKAG‘L​AG?BMCVCPA”AGMBC
     2S?KŽCBGXCLBMN?P?TMA‘LŽMAMKCP?LRCQBCGPL?B?P

    `61'14$&,10$.,56$
    $QQ? ?@MPB?ECK  @?​QC?​B? LM SQM B? P?XŽM N?P? ? NPMBSŽM BC D?RMQ  C¤AŠAG?  DSLB?KCLR?B? L? TCP?AGB?BC B?Q
    QSNMQGCQCCKQS?@?QCAMLAPCR? P?XŽMAMLQRGRSGSKKRMBMQ™JGBMN?P?RMK?PBCAGQCQ NMPKAPG?PAMLFCAGKCLRM
    AMK @?QC ?NCL?Q L? P?XŽM LŽM  SK? ?@MPB?ECK TŠJGB? N?P? ? AG‘L​AG?  NMGQ PCQSJR?BMQ ?@QSPBMQ NMBCK QSPEGP . D?RMP
    AF?TCBCQQCNPMACQQM?TCPB?BCB?QNPCKGQQ?QBGTSJE?B?QC?PCJ?ŽMBCSK?AMK?MSRP? QCESGP ?NPCQCLR?KMQ?JESLQ
    CVCKNJMQBMSQMBMKRMBMP?AGML?JGQR?N?P?QCAFCE?P?SK?AMLAJSQŽM#CRCPKGLC?QPCQNMQR?QPC?JGQR?QBCPGT?B?QBCQQ?
    ?@MPB?ECKC?T?JGC?C¤AŠAG?BCA?B?SK?BCJ?Q
     )ME?BMPCQBCDSRC@MJ?KCPGA?LMQŽMEP?LBCQNPCKGQQ?K?GMP
    )MFLEP?LBCNPCKGQQ?KCLMP
    )MFLSKHME?BMPBCDSRC@MJAMLAJSQŽM
     )ME?BMPCQBCJGLF?B?-?RGML?J%MMR@?JJ+C?ESC+GE?BC%SRC@MJ KCPGA?LM ECP?JKCLRCNCQ?KK?GQBCIE
    )GKHME?BMPBCJGLF?CKSK?NCOSCL?SLGTCPQGB?BCCNCQ?IE
    )GKLŽMQCPŠHME?BMPBCJGLF?L?-?RGML?J%MMR@?JJ+C?ESC
     .FMPKšLGMBMAPCQAGKCLRMSKNMJGNCNR”BGMBCI#?
    ?LŠJGQCBMFMPKšLGMBCAPCQAGKCLRMLMQ?LESCPCTCJ?RGNMQBMFMPKšLGMBCMSRPMNCQMKMJCASJ?P
    .SRP?QT?PG?LRCQBMFMPKšLGMBCTCKCVGQRGP
     NCPB?BCNCQMSK?DSLŽMB?OS?LRGB?BCBCA?JMPG?QGLECPGB?QCB?OS?LRGB?BCBCA?JMPG?QBCQNCLBGB?Q
    4K? BGCR? GES?J L?Q A?JMPG?Q RMR?GQ  NMPK PGA? CK NPMRC”​L? C EMPBSP?  NPMKMTC NCPB? BC NCQM K?GMP BM OSC SK?
    BGCR?PGA?CKA?P@MGBP?RMQCNM@PCCKEMPBSP?Q
    -CKRMB?Q?QA?JMPG?QBMQ?JGKCLRMQCVCPACKMKCQKMGKN?ARMQM@PCMKCR?@MJGQKM

    `61'1(/2b4,&1
    .KRMBMCKN”PGAMDSLB?KCLR?BML?QM@QCPT?CQCL?CVNCPG‘LAG?BCSK?NCQQM?$QQCKRMBMACPR?KCLRCD?XN?PRC
    BMNPMACQQMAGCLR”¤AMCKQG SK?TCXOSCCLTMJTC?AMJCR?BCB?BMQ-MCLR?LRM KCBGB?OSCM@QCPT?CQCCVNCPG‘LAG?Q
    QŽMDSLB?KCLR?B?QCKAMLRCVRMQNCQQM?GQ MOSCDSLAGML?N?P?SK?NCQQM?NMBCLŽMQCPPCJCT?LRCN?P?MSRP? CNMBCLŽM
    QCPMOSCMQMSRPMQNPCAGQ?KCKSKNPM¤QQGML?J,SGR?QTCXCQ MSQMBMKRMBMCKN”PGAMM@QCPT?BMCKRPCGL?BMPCQ
    KGJGR?PCQCNPCN?P?BMPCQD”QGAMQ KŠVGK?YQCDSLAGMLMSN?P?KGK DSLAGML?PŠN?P?TMA‘^ MNPMACQQMBCP?AGMA”LGMOSC
    RCKJCT?BM?KSGR?QGLDMPK?CQGLAMPPCR?Q,?GQSK?TCX BCNCLBCLBMB?TGT‘LAG? BMAMLFCAGKCLRM B?QOS?JG¤A?CQC
    B?@?QCAMLAPCR?B?CVNCPG‘LAG?BCSKGL​BG​T”​BSM MSQMBMKRMBMCKN”PGAMNMBCMSLŽMDSLAGML?P$VCKNJMQBMKRMBM
    CKN”PGAMQŽMJGQR?BMQ?QCESGP0S?GQQŽM?QAMLAMPB‹LAG?QCBGQAMPB‹LAG?QBCR?GQ?@MPB?ECLQ
     4KRALGAMBCDSRC@MJBGXN?P?MRGKCOSCLŽMSQ?T?PMSN?QRPKGA?QCKAJGK?AFSTMQMCDPGMC NMPR?LRM MRGKCLŽM
    PCAC@CPŠPMSN?CQNCAG?J
     4K KBGAM BGX N?P? SK N?AGCLRC OSC M RPCGL?KCLRM AMK NCQM LŽM BCTC D?XCP N?PRC BM NPMEP?K? BC PC?@GJGR?ŽM
    A?PB”?​A? HŠOSCGQQMLSLA?DMGDCGRMCKQS?NPŠRGA?KBGA?
     4K? RPCGL?BMP? BC *96::*6<5;9@ BGX N?P? ? COSGNC OSC DCX CVCPA”AGMQ AMK NCQM BSP?LRC RMB? ? QS? A?PPCGP? AMKM
    AMPPCBMP? BCQQC CQNMPRC  JMEM  RMBM KCK@PM B? COSGNC RCPŠ RPCGL?KCLRM AMK NCQM CQNCA”¤AM N?P? M CQNMPRC AMKM
    N?PRCBMNPMEP?K?
     4K A?NGRŽM BM CVPAGRM BGX N?P? QS? RPMN? OSC AMPPG? BC @MR?Q C OSC LŽM RCTC NPM@JCK?Q NMP GQQM  NMPR?LRM RMBMQ
    AMPPCPŽMA?J?BMQAMK@MR?Q
     4K ?RJCR? NPM¤QQGML?J BC EMJDC BGX OSC LŽM T‘ LCACQQGB?BC CK JCT?LR?P NCQM N?P? NP?RGA?P EMJDC HŠ OSC GQQM NMBC
    NPCHSBGA?PQCSHMEM CCJCLSLA?DCX​KSQASJ?ŽM
     4KRALGAMBCL?R?ŽMBGXOSCAMQRSK?T?L?B?PKCRPMQNMPBG? NMPGQQMQS?COSGNCD?PŠMKCQKM

    ,61
    ,GRMQ MSAPCL?Q?KNJ?KCLRCQSQRCLR?B?Q NMPKQCKDSLB?KCLRMQ AMLQRGRSCKMSRP?DMLRCLŽMAGCLR”¤A?BCPCQNMQR?Q
    JESLQ KGRMQ CK CVCPA”AGM QŽM BCAMPPCLRCQ BM 4(92,;05. C B? NPMN?E?LB? BC COSGN?KCLRMQ C NPMBSRMQ #C @C@GB?Q
    CLCPERGA?Q ? ?N?PCJFMQ BC CVCPA”AGM  MQ KGRMQ  OS?LRM  MPGECK  ?M SQM C  C¤AŠAG?  QC BCQCLTMJTCP?K C NPMQNCP?P?K
    #GDCPCLAG?P KGRM BC D?RMQ  GKNMPR?LRC N?P? ? MRGKGX?ŽM BM NPMACQQM BC RMK?B? BC BCAGQŽM C CK RMB? QMJSŽM BC
    NPM@JCK? OSC NMQQ? ?AMLRCACP /MP ¤K  ?Q BCAGQCQ NPCAGQ?K QCP KMBCP?B?Q NCJ?Q CTGB‘LAG?Q AMLAPCR?Q OSC CVGQRCK L?
    JGRCP?RSP?

    2E@DE6@C:2D6AC:?4{A:@D
    -?CR?N?QCESGLRCBMNPMACQQMAGCLR”¤AM MQPCQSJR?BMQBMQCVNCPGKCLRMQGL_ GqG_ S?GQNPMBSXCKD?RMQ RCMPG?QCNPGLA”NGMQ
    1D?C QŽM B?BMQ M@QCPT?AGML?GQ  MQ OS?GQ QŽM AML¤PK?BMQ PCNCRGB?Q TCXCQ NMP KSGRMQ M@QCPT?BMPCQ AMKNCRCLRCQ C
    GLBCNCLBCLRCQ-MCLR?LRM MQD?RMQLŽMCQRŽMDMP?BCAMLRCVRM/MBCQCPSKD?RMOSC QM@ACPR?QAMLBGCQ QCH?@MKN?P?
    TMA‘ K?QOSCQM@MSRP?QAGPASLQR‹LAG?QQCH?PSGK/MPCVCKNJM ?ŠES?LCACQQŠPG?N?P??Q?ž​BCCMKMBM​GBC?JN?P?QC
    CTGR?P ? BCQGBP?R?ŽM /MP MSRPM J?BM  @C@CP KSGR? ŠES? ?LRCQ  BSP?LRC C BCNMGQ BC SK? AMPPGB? BC PCQGQR‘LAG? NMBC QCP
    NPCHSBGAG?JQ?ž​BC A?SQ?LBMFGNML?RPCKG?ZBGJSGŽMBCCJCRP™JGRMQLMAMPNMOSC?DCR??DSLŽMMPE‹LGA?ZC?RKCQKM?
    KMPRC
    *5?B91A?P?ARCPGQRGA?KCLRCSKAMLHSLRMAMLACGRS?JBCGBCG?QMSCQ​NCASJ?CQ?PCQNCGRMBCACPRM?QQSLRM GBC?JKCLRC
    AMK @?QC CK D?RMQ CVNCPGKCLR?GQ -M AMLRCVRM AGCLR”¤AM  DMG BCQAPGR? AMKM SK? YCVNJ?L?ŽM ?@P?LECLRC DSLB?KCLR?B?
    CK BCRCPKGL?BM EPSNM BC B?BMQ OSC TCK QCLBM PCNCRGB?KCLRC AML¤PK?BM NMP M@QCPT?ŽM C CVNCPGKCLR?ŽM C OSC
    E?LFMS?ACGR?ŽMECP?JBCLRPMB?AMKSLGB?BCAGCLR”¤A? NMPKQCKRCPQGBM?GLB?AMKNPMT?B?BCKMBMBCAGQGTM^"MK
    DPC​OS‘LAG? QCCQASR?OSC CKAG‘L​AG? ?QRCMPG?QLSLA?NMBCKQCPAMKNPMT?B?QBCD?RM ?NCL?QPCDSR?B?Q,?GQSK?TCX 
    NPCAGQM RCP M AMLRCVRM CK KCLRC 'Š QCKNPC ? NMQQG@GJGB?BC BC OSC SK? LMT? M@QCPT?ŽM MS CVNCPGKCLRM CLRP?PŠ CK
    AML¥GRMAMKSK?RCMPG?BCJMLE?B?R?NCV YŠES?QCKNPC@MKN?P?TMA‘^ COSCRCPCKMQOSCNCLQ?PQM@PC?QAMGQ?QBC
    KMBMBGDCPCLRC ?MKCLMQCK?JESLQAMLACGRMQsKCBGB?OSCK?GQD?RMQTŽMQCLBMBGQNMLG@GJGX?BMQ ?RCMPG?NPCAGQ?QCP
    KMBG¤A?B?N?P?PC¥CRGPGQQM QQGK ?QRCMPG?QNMBCKKSB?P
    #CD?RMQCRCMPG?QBCPGT?KKSGRMQBMQ@B9>3o@9?COSCESG?KLMQQ??@MPB?ECK?NPM@JCK?QCAMKNMPR?KCLRMQCKACPR?Q
    QGRS?CQ.QNPGLA”NGMQQCMPGEGL?KB?QRCMPG?QKCLMQNPMNCLQ?QKSB?L? QQGK OS?J?BC¤LGŽMBCNPGLA”NGM.Q
    NPGLA”NGMQBCQAPCTCKAMKM?JESK?AMGQ?BCTCQCPDCGR? ?QPCEP?QOSCCVNJGA?KSKNPMACQQM¤QGMJ™EGAMMS?QBGPCRPGXCQ?
    OSC QC BCTC ?BCPGP N?P? ?JA?L?P M BCQCKNCLFM ​GBC?J B? R?PCD?  AMKM NPCQAPGŽM BM CVCPA”AGM -? AG‘L​AG? BM CVCPA”AGM
    CVCKNJMQBCNPGLA”NGMQGLAJSCKMNPGLA”NGMB?CQNCAG¤AGB?BCBMCVCPA”AGMCMNPGLA”NGMB?QM@PCA?PE?NPMEPCQQGT?"?B?
    SKBCJCQBCQAPCTCBGPCRPGXCQN?P?TŠPGMQ?QNCARMQB?NPCQAPGŽMBMCVCPA”AGM ¤QGMJMEG?BMCVCPA”AGMR?K@K?NPCQCLR?
    KSGRMQ NPGLA”NGMQ OSC BCQAPCTCK SK? DSLŽM  AMKM ? FMKCMQR?QC ,SGR?Q BGPCRPGXCQ NPM¤QQGML?GQ PCJ?AGML?B?Q AMK ?
    ¤QGMJMEG? C ? NPCQAPGŽM BM CVCPA”AGM QŽM @?nC?_ ?Q CK D?RMQ NPMBSXGBMQ NMP NCQOSGQ?  OSC JCT?K ? RCMPG?Q OSC ?HSB?K ?
    BCQCLTMJTCP NPGLA”NGMQ MPGCLR?BMPCQ QQGK AMKM ?Q RCMPG?Q  MQ NPGLA”NGMQ R?K@K QŽM KMBG¤A?BMQ N?P? AMLDPMLR?P MQ
    LMTMQD?RMQCKCPECLRCQCKSK?​ŠPC?BCCQRSBM BCQBCMASGB?BMBCJCQCQLMRPCGL?KCLRM?RJRGAM?R?AMKNPCCLQŽMB?
    DSLŽMBMCVCPA”AGMLMDSLAGML?KCLRMB?FGN™¤QCCK¤QGMJMEG?BMCVCPA”AGM
    ! 

    %>xE@5@4:6?E{L4@4@?D:DE66>F>2DxC:6566E2A2DFD252DA2C27@C?646C232D64@?4C6E2A2C2C6DA@?56CuDA6C8F?E2D52A6DBF:D2
    #F:E2DG6J6D?24:y?​4:25@6DA@CE666I6C4{4:@2DC6DA@DE2D52DA6C8F?E2D@C:8:?2>D656>xE@5@D?v@4:6?E{L4@D
     5:76C6?4:2wv@ 6?EC6 @D 72E@D 7F?52>6?E25@D 6> >xE@5@D 4:6?E{L4@D 6 2BF6=6D 7F?52>6?E25@D 6> >xE@5@D ?v@ 4:6?E{L4@D x
    :>A@CE2?E6A2C22=42?w2C23@C5286?D6AC@46DD@56E@>25256564:Dv@56D6;sG6:DA2C2@DAC@8C2>2D566I6C4{4:@66DA@CE6

    '6DBF:D22A=:425263sD:42
    NCQOSGQ?NMBCQCPAJ?QQG¤A?B?AMKM@ŠQGA?C?NJGA?B??K@?QR‘KQCSJSE?PL?AMKNPCCLQŽMBMCVCPA”AGM.M@HCRGTMB?
    NCQOSGQ? @ŠQGA?  CLRCLBCP KCJFMP M NMLRM CQRSB?BM  QCK AMLQGBCP?P AMKM CQQ?Q GLDMPK?CQ QCPŽM CQNCAG¤A?KCLRC
    ?NJGA?B?Q2S?KCR?CVN?LBGPMAMLFCAGKCLRMCKTCXBCQMJSAGML?PSKNPM@JCK?CQNCA”¤AMCNP?EKŠRGAM C CKECP?J
    GKNSJQGML?B?NCJMGLRCPCQQCCNCJ?ASPGMQGB?BCBMAGCLRGQR?NMPSK?OSCQRŽMAGCLR”¤A?!MVC -MCLR?LRM ?NPCQCLR?
    BCD?RM NMRCLAG?JN?P?AMLBSXGP??T?LMQPCTMJSAGMLŠPGMQL?TGB?BGŠ​PG?/MPCVCKNJM BS?QB?QRALGA?QK?GQNMNSJ?PCQBC
    GK?ECK SQ?B?Q LM CQRSBM BMQ CDCGRMQ BM CVCPA”AGM QM@PC MQ ​KžQASJMQ C MQQMQ QŽM ? CQNCARPMQAMNG? NMP PCQQML‹LAG?
    K?ELRGA?LS​AJC?PC?PCQQML‹LAG?K?ELRGA? NCQOSGQ?@ŠQGA? GLGAG?B?LM¤KB?BA?B?BC DMPLCACS?E‘LCQCN?P?
    CQQ?QRCALMJMEG?Q ?QOS?GQQCRMPL?P?KJSE?PAMKSKR?LRML?Q?T?JG?CQAJ”LGA?QOS?LRMLMCQRSBMAGCLR”¤AM
    "MLRP?PG?KCLRC ?NCQOSGQ??NJGA?B?BCQGEL?B?N?P?PCQMJTCPNPM@JCK?QNPŠRGAMQBMKSLBMPC?J CLŽMN?P??BOSGPGP
    AMLFCAGKCLRMCKLMKCBMAMLFCAGKCLRMCKQG/MBC QCBGXCPOSCMM@HCRGTMB?AG‘L​AG??NJGA?B?KCJFMP?P?AMLBGŽM
    FSK?L?-MA?QMBMCVCPA”AGM ?KCR??KNJG?P?AMKNPCCLQŽMBCQCSQKSGRMQ@CLCD”AGMQCBCAMKMSQŠ JMQBCKMBMOSC
    QCNMQQ??JA?L?PKCJFMPCQ@CLCD”AGMQ?N?PRGPBMSQMCB?NPCQAPGŽM!MVC $QQ?RCKQGBM?KMRGT?ŽMNPGKŠPG?BC
    KSGR?QNCQOSGQ?QCKCVCPA”AGMCAG‘L​AG?BMCQNMPRC?MJMLEMBMQžJRGKMQ?LMQ NCQOSGQ?NPMNMPAGMLMS?QBGPCRPGXCQBM
    CVCPA”AGMN?P??HSB?P?QNCQQM?Q?M@RCPMQ@CLCD”AGMQBMRPCGL?KCLRMD”QGAM
    /MP¤K FŠSK?AML oGi S?ŽMBCAMLFCAGKCLRMBCQBC?AG‘L ^G?@ŠQGA??NJGA?B? AMKNCQOSGQ?BMPCQRP?@?JF?LBMNCJM
    NPMQQCESGKCLRMB?NCQOSGQ? JESLQRP?@?JF?KCKKCA?LGQKMQKMJCASJ?PCQ ACJSJ?PCQCECLRGAMQ@ŠQGAMQCMSRPMQ​?RS?K
    L?​ŠPC?K?GQ?NJGA?B?B?NCQOSGQ?$QQ?QSACQQŽMCVGQRCR?K@KL?JGRCP?RSP?AGCLR”¤A?B?AG‘L^G?BMCQNMPRCCCVCPA”AGM.Q
    AGCLRGQR?QSRGJGX?KRALGA?QBCNCQOSGQ?@ŠQGA?CK@GMJMEG?ACJSJ?PCKMJCASJ?PN?P?CQRSB?PMQKCA?LGQKMQOSCKCBCG?K?Q
    ?B?NR?CQ M@QCPT?B?Q LMQ CQRSBMQ ?NJGA?BMQ /MP CVCKNJM  OS?LBM SK NPMEP?K? BC RPCGL?KCLRM BC ,5+<9(5*, JCT? ?M
    AMLQSKM BC MVGE‘LGM K?GQ CJCT?BM C RCKNM BC AMPPGB? KCLMP BC SK NCPASPQM BC  IK  OSC KCA?LGQKMQ ACJSJ?PCQ C
    ¤QGMJ™EGAMQKCBCG?KCQQCDCLšKCLM3ALGA?Q@ŠQGA?QQŽMSQ?B?QN?P?CQRSB?PAMKMGQQMMAMPPC.OSC?AG‘L ^G??NJGA?B?
    ?NMLR? AMKM M RGNM BC RPCGL?KCLRM K?GQ C¤A?X  SK BCQ?¤M GLRCPCQQ?LRC N?P? MQ NCQOSGQ?BMPCQ GLGAG?LRCQ OSC CQRSB?K
    CQQCQKCA?LGQKMQ2C?NPCQAPGŽMBMCVCPA”AGMLŽMDMPCDCRGT? CQRSB?PMQCDCGRMQCKL”TCJACJSJ?PLŽMRCPŠKSGRMQCLRGBM
    QQGK  M NPMEP?K? BC CVCPA”AGM SQ?BM LMQ CQRSBMQ B? AG‘L​AG? @ŠQGA?  TGR?J N?P? CQR?@CJCACP ? T?JGB?BC CVRCPL? C ?
    GKNMPR‹LAG?BMCQRSBM
    /MPCVCKNJM QCSKAGCLRGQR?CQRSB?MQCDCGRMQACJSJ?PCQBMRPCGL?KCLRMBC,5+<9(5*, K?QLŽMQ?@CAMKMCJ?@MP?PSK
    NPMEP?K?BCRPCGL?KCLRMBC,5+<9(5*,?CP™@GM CDCRGTM OSCBGKGLS?MRCKNMB?AMPPGB?BCIK CJCNMBCCQAMJFCPSK
    NPMEP?K? GLC¤A?X OSC PCQSJRC CK NMSA? MS LCLFSK? KSB?L? LM RCKNM B? AMPPGB? BMQ  IK C LCLFSK? ?JRCP?ŽM
    ACJSJ?P  AMLAJSQŽM BM CQRSBM QCPG? OSC M RPCGL?KCLRM BC ,5+<9(5*, LŽM A?SQ? ?JRCP?CQ ACJSJ?PCQ HŠ OSC LCLFSK?
    ?JRCP?ŽMACJSJ?PBCD?RMMAMPPCS NMGQMNPMEP?K?BCRPCGL?KCLRMLŽMCP?CDCRGTM AMLAJSQŽMBMCQRSBMAML¤PK?PG?OSC
    CQQCNPMEP?K?BCRPCGL?KCLRM,:7,*gs*6BC,5+<9(5*,LŽMRCTCGL​¥S‘L^G?LMQRCKNMQB?QAMPPGB?QBCIKCLŽMMA?QGMLMS
    ?JRCP?CQ ACJSJ?PCQ (QQM CLD?RGX? ? GKNMPR‹LAG? B? JCGRSP? BM CQRSBM AMK ?RCLŽM ?M AMLRCVRM "?B? NCQOSGQ? AMLRPG@SG
    N?P??LMQQ?AMKNPCCLQŽM K?QBCTCQCPNMQR?LMN?P?BGEK?N?P?SK??@MPB?ECKAGCLR”¤A?@? nC?_ ?L?QAMLBGCQQM@?Q
    OS?GQ MAMPPCS /MP CVCKNJM  LGLES​K NPCQAPCTC SK NPMEP?K? BC RPCGL?KCLRM ?CP™@GM BC GLRCLQGB?BC KSGRM @?GV? QC M
    M@HCRGTMNPMKMTCP?B?NR?CQACJSJ?PCQOSCPCQSJRCKCKRCKNMQKCJFMPCQL?QAMPPGB?QBCIK %GESP?DMPLCAC
    SK? TGQŽM ECP?J BMQ CJCKCLRMQ PCESJ?R™PGMQ <7:;9,(4 C +6>5:;9,(4 L? NCQOSGQ? CK AG‘L​AG? BM CQNMPRC C CVCPA”AGM Q
    BCAGQCQ RMK?B?Q OS?LRM ?M RGNM BC NPCQAPGŽM BC CVCPA”AGMQ OSC QCPŽM SQ?BMQ CK SK NPMEP?K? BC RPCGL?KCLRM MS BC
    CVCPA”AGMA?SQ?PŽMGKN?ARMQQM@PCMQPCQSJR?BMQBMRPCGL?KCLRM AMKMKCJFMPBCQCKNCLFMCQGQRCK?Q¤QGMJ™EGAMQOSCQC
    ?B?NR?KN?P?NPMBSXGPCQQCBCQCKNCLFM QQGK GKNMPR?LRCOSCMQAGCLRGQR?QCKNCQOSGQ?@ŠQGA?CLRCLB?K?NCQOSGQ?
    ?NJGA?B?CTGAC TCPQ?

    +:A@D56A6DBF:D2
    JK B?Q BCQGEL?CQ @ŠQGA? C ?NJGA?B? KCLAGML?B?Q ?LRCPGMPKCLRC  ? NCQOSGQ? NMBC ?GLB? QCP AJ?QQG¤A?B? BC BGTCPQ?Q
    K?LCGP?Q/PGKCGP?KCLRC ?NCQOSGQ?NMBCQCPAJ?QQG¤A?B?BC?AMPBMAMKMJMA?JMLBCAMLBSXGB? AMKMLMA?KNMMS
    J?@MP?R™PGM /MBC  R?K@K  QCP OS?JG¤A?B? CK QS? ?@MPB?ECK AMKM OS?JGR?RGT? MS OS?LRGR?RGT?  AMK TŠPGMQ RGNMQ BC
    BCQCLFMQBCCQRSBMQ-??@MPB?ECKOS?LRGR?RGT?BCSK?NCQOSGQ? MQB?BMQLSKPGAMQQŽMAMJCR?BMQN?P?CVNJGA?P NPCTCP
    CMSKMQRP?PAMLRPMJCBCSKDCLšKCLM C??LŠJGQCCQR?R”QRGA?SQ?B?AMKP?AGMA”LGMBCBSRGTMZP?AGMA”LGMBMECP?JN?P?M
    CQNCA”¤AMZ GLAJSGLBM?NCQOSGQ?BCQAPGRGT? ?AMPPCJ?AGML?JSQ?B?N?P?NPCTCP?PCJ?ŽMB?QT? mGŠqCGQ ?BCA?SQ?CCDCGRMC?
    CVNCPGKCLR?J ?@MPB?ECKOS?JGR?RGT?BCSKCQRSBMCLTMJTC?AMJCR?BCB?BMQBMRGNML?PP?RGT?C CKECP?J LŽMSQ?B?
    CVRCLQGT?KCLRC L? NCQOSGQ? CK AG‘L​AG? BM CVCPA”AGM  K?Q QGK L?Q AG‘L​AG?Q QMAG?GQ N CV  N?P? CLRCLBCP ?RGRSBCQ BC
    RPCGL?BMPCQ BM QCVM K?QASJG​LM CK PCJ?ŽM Q KSJFCPCQ L? Q?J? BC ​KSQASJ?ŽM  $QQ? ?@MPB?ECK PCOSCP ?LŠJGQC C
    AMBG¤A?ŽMBMQB?BMQN?P??NPMBSŽMBCQ”LRCQCTCP@?J ?OS?JAMLQRGRSGSKNPMACQQMBCP?AGMA”LGMGLBSRGTM BMCQNCA”¤AM
    N?P?MECP?J.QCQRSBMQBCNCQOSGQ?OS?JGR?RGT?R?K@KQŽMPCDCPGBMQAMKMNCQOSGQ?CRLMEPŠ¤A? MOSCQGELG¤A?OSCCQRŽM
    CLTMJTGBMQLMCQRSBMBMQCTCLRMQ?RS?GQCLŽMLMQCTCLRMQN?QQ?BMQ$LTMJTC?AMJCR?BCKSGRMQB?BMQL?PP?RGTMQB?BMQ
    LŽMLSKPGAMQ CKKSGR?QT?​PGŠ​TCGQBSP?LRCSKJMLEMNCP”M​BMCKACLŠPGML?RSP?J$QRSBMQBCA?QMOSCQCAMLACLRP?KCK
    SK?žLGA?NMNSJ?ŽMMSCKCLRPCTGQR?QBCSKNCOSCLMEPSNMBCGL​BG​T”​BSMQR?K@KNMBCKQCPSQ?BMQAMKMBCQCLFMQBC
    NCQOSGQ?OS?JGR?RGT?

    ,4&  ;
    )8-4,)8-;9=1;)*`;1+)6)+1f6​+1),7-@-:+h+17
    )3?DD ?B4?>&8)#
    ::6*0(;,96-,::69 ,7(9;4,5;6-?,9*0:,(5+ 769; *0,5*,
    (:;(96305("50=,9:0;@
    ?9,,5=033,

    0S?J?GKNMPR‹LAG?B?NCQOSGQ?@ŠQGA?N?P??​ŠPC?B?¤QGMJMEG?BMCVCPA”AGMCQCSQ?T?LMQ PCQNMQR?N?P?CQQ?
    NCPESLR? NMBC LŽM QCP CTGBCLRC N?P? ?JES​K OSC LŽM  NCQOSGQ?BMP $K RCPKMQ ECP?GQ  ? NCQOSGQ? @ŠQGA? NSP? 
    GKNSJQGML?B?NCJ?ASPGMQGB?BCFSK?L?BCCVNJMP?PCCVN?LBGPMAMLFCAGKCLRMQCK@CLCD”AGMQGKCBG?RMQMS™@TGMQ
    BMAMLFCAGKCLRMPCQSJR?LRC$QRŠL?CVRPCKGB?BCMNMQR?B?AMLRGLSGB?BCB?NCQOSGQ??NJGA?B?NSP? ASHMQPCQSJR?BMQ
    QŽM  KSGR?Q TCXCQ  ™@TGMQ C GKCBG?R?KCLRC ?NJGAŠTCGQ "MK DPC​OS‘LAG?  LŽM  NMQQ”TCJ NPCTCP ? NMRCLAG?J ?NJGA?ŽM
    DSRSP?BCSKCVNCPGKCLRMBCNCQOSGQ?@ŠQGA?3MB?TG? ?NCQOSGQ?@ŠQGA?C?NCQOSGQ??NJGA?B?CQRŽMAMLCAR?B?QBC
    K?LCGP?GLCPCLRC NMGQ?NCQOSGQ?@ŠQGA?AMJCRGT?KCLRCDMPK??DSLB?ŽML?OS?J?NCQOSGQ??NJGA?B?AMLQRPS”​B?C
    AMKNPCCLBGB?
    #CKMBMECP?J CKAG‘L​AG?Q@GMJ™EGA?Q AMKM?¤QGMJMEG?BMCVCPA”AGM ?NCQOSGQ?@ŠQGA?CVNJMP?MQDCLšKCLMQOSC
    MAMPPCKLMQL”TCGQACJSJ?P KMJCASJ?PCECLRGAM QM@PCRSBMAMKM?QAJSJ?QPCQNMLBCK?SK??JRCP?ŽMBC?K@GCLRC
    GKCBG?RM /MP CVCKNJM  CV?R?KCLRC AMKM C NMP OSC ?Q ¤@P?Q h SQASJ?mCQ NCPAC@CK C PCQNMLBCK ? BGTCPQMQ
    CQR”KSJMQ AMKM?JRCP?CQFMPKML?GQ BCK?LB?QBCCLCPEG? BGQNMLG@GJGB?BCBCQS@QRP?RMAMK@SQR”TCJ C?JRCP?CQ
    L? RCLQŽM ?NJGA?B?  AJSJ? NCJ?Q AMLRP?CQ BM CVCPA”AGM 0SC YKMJASJ?Q QGL?JGX?BMP?Q^ BCLRPM B?Q AJSJ?Q
    NMQQG@GJGR?KOSC?¤@P?h SQASJ?PPCQNMLB??CQQCQCQR”KSJMQCAMKM?AJSJ??JRCP??CVNPCQQŽMBCQCSQECLCQ#-
    1- CKMJASJ?QBCNPMRC”​L?$KOSCJSE?PCV?R?KCLRC BCLRPMCDMP?B?QAJSJ?Q CQQCQKCA?LGQKMQMAMPPCK C
    OSC N?NCJ ? CQRPSRSP? KGAPM?L?RšKGA? BCQCKNCLF? L? DSLŽM AMPPCR? BCQQCQ KCA?LGQKMQ 3MK?B?Q BC K?LCGP?
    GLBCNCLBCLRC  ?Q PCQNMQR?Q N?P? CQQ?Q NCPESLR?Q LŽM AMLR?K ? FGQR™PG? AMKNJCR? $LRPCR?LRM   D?RM OSC RMBM
    KMTGKCLRM D”QGAM PC?​JG​X?BM NMP SK? NCQQM?  @CK AMKM RMB?Q ?Q ?B?NR?CQ AMPNMP?GQ ?M RPCGL?KCLRM D”QGAM  
    PCQSJR?BMB??RS?ŽMBCKMJASJ?QBGDCPCLRCQAMMPBCL?B?QNCJ?QTŠPG?QAJSJ?QCRCAGBMQBMAMPNM
    .Q ¤QGMJMEGQR?Q BM CVCPA”AGM  SQ?LBM RALGA?Q BC NCQOSGQ? @ŠQGA?  ECP?JKCLRC D?XCK SK CVACJCLRC RP?@?JFM BC
    GLRCEP?ŽM BMQ ?AF?BMQ ACJSJ?PCQ  KMJCASJ?PCQ C ECLRGAMQ  AMLCAR?LBM MQ  DSLŽM ?NJGA?B? 3MKCKMQ AMKM
    CVCKNJM SK K?P?RMLGQR? BC CJGRC -M L”TCJ ?NJGA?BM   DŠAGJ M@QCPT?P OSC CJC ?NPCQCLR? EP?LBC A?N?AGB?BC BC
    ,5+<9(5*,  NMPK ? NCQOSGQ? @ŠQGA? BCKMLQRPMS OSC CQQ? A?N?AGB?BC QC MPGEGL? B? AMK@GL?ŽM BC KCA?LGQKMQ
    CQNCA”¤AMQ ACJSJ?PCQ  KMJCASJ?PCQ C ECLRGAMQ . BCQCKNCLFM BM CVCPA”AGM BC ,5+<9(5*, ​GBC?J PCOSCP SK?
    AMKNMQGŽMKMJCASJ?PBCLRPMCDMP?B?Q¤@P?Qh SQASJ?mCQOSCMRGKGXCGLžKCPMQD?RMPCQ AMKMMDMPLCAGKCLRMBC
    MVGE‘LGMCQS@QRP?RMQ?MQ​KžQASJMQCKCVCPA”AGMA?N?AGB?BCB?QTG?Q@GMCLCPERGA?QBCECP?PCLCPEG?BCLRPMB?¤@P?
    KSQASJ?P?MKCQKMRCKNMOSCCTGR?AMLBGCQD?RGE?LRCQAMLRPMJCBMAŠJAGMNCJMPCR”ASJMQ?PAMNJ?QKŠRGAMCNCJ?Q
    NPMRC”​L?QBCNCLBCLRCQBCAŠJAGM OSC?NPMNPG?BMN?P?AMLRP?CQJCLR?Q CMSQMBCCLCPEG?NCJ?A?@C?BCKGMQGL?
    C MSRPMQ NPMACQQMQ BCNCLBCLRCQ BC CLCPEG? ?BCOS?BMQ N?P? AMLRP?CQ K?GQ JCLR?Q  NMPK K?GQ AML​R”​LS?Q 3MBMQ
    CQQCQD?RMPCQQŽMAMLRPMJ?BMQCKL”TCJKMJCASJ?PCT?PG?KAMK?ECLRGA?BCA?B?NCQQM??QQGK A?B?GL​BG​T”​BSM
    BGDCPCLRC LM OSC BGX PCQNCGRM  A?N?AGB?BC BC ,5+<9(5*, C A?N?AGB?BC BC PCQNMLBCP ?M RPCGL?KCLRM BC ,5+<9(5*,
    JRCPL?RGT?KCLRC BGDCPCLRCQAMKNMQGCQKMJCASJ?PCQCECLRGA?QMRGKGX?K?A?N?AGB?BCBCSK?NCQQM?BCPC?​JG​X?P
    MSPCQNMLBCP?MRPCGL?KCLRMD”QGAMBCPCQGQR‘LAG?MS:7905;TCJMAGB?BC $K?JESLQA?QMQ KCQKM?BGDCPCL?CKSK
    LSAJCM​R”​BGM BC ?JESK APMKMQQMKM AF?K?BM BC YNMJGKMP¤QKM BC LSAJCMo”_ GM žLGAM^ MS /-4  NMBC RCP SK
    GKNMPR?LRCN?NCJLMBCQCKNCLFMD”QGAMMSL?PCQNMQR??MRPCGL?KCLRMBCSK?NCQQM?
    4K? DSLŽM GKN?AR?LRC B? NCQOSGQ? @ŠQGA? CK ¤QGMJMEG? BM CVCPA”AGM  ? BCRCPKGL?ŽM BMQ KCA?LGQKMQ
    PCQNMLQŠTCGQNCJMQCDCGRMQ@CL¤AMQL?Q?ž _ CB??RGTGB?BCD”QGA?-MQ$4 CCKOS?JOSCPMSRPMJSE?PLMKSLBM M
    CQRGJMBCTGB?QCBCLRŠPGM?JR?KCLRC?QQMAG?BMCJCT?B?GLAGB‘LAG?BCQ”LBPMKCKCR?@™JGA? ?OS?JAMLQGQRCL?GLRCP
    PCJ?ŽMB?QAMLBGCQBCM@CQGB?BC BG?@CRCQBMRGNMCTŠPGMQRGNMQBCBMCL​?A?PBGMT?QASJ?P2?@C QC@CKOSC?
    ?RGTGB?BCD”QGA?PCESJ?PNMBCCTGR?PMSPCR?PB?P?GLAGB‘LAG?BCQQ?QCBCMSRP?T?QR?OS?LRGB?BCBCAMLBGCQ ?GLB?
    OSC KSGRMQ BMQ KCA?LGQKMQ KMJCASJ?PCQ NCJMQ OS?GQ CJ?Q MAMPPCK AMLRGLSCK BCQAMLFCAGBMQ )Š OSC KSGR?Q
    AMLBGCQ NPCAGNGR?B?Q NCJ? GL?RGTGB?BC D”QGA? QŽM APšLGA?Q  ? PCBSŽM BCQCH?B? BMQ D?RMPCQ BC PGQAM K?GQ
    NPCAMACKCLRCL?TGB?NMBCQCP?AF?TCN?P??NPCTCLŽM#CRCPKGL?PMQD?RMPCQBCPGQAMLML”TCJKMJCASJ?POSCQŽM
    ?DCR?BMQNCJ?GLRCPTCLŽMBMQCVCPA”AGMQNMBCNMQQG@GJGR?P?MRGKGX?ŽMBMQPCEGKCQBCRPCGL?KCLRMBCK?LCGP?GL​BG​
    TG​BS?J ?M RP?R?P C PCBSXGP CQQCQ D?RMPCQ BC PGQAM ?LRCQ OSC ? BMCL​? QC RMPLC ?N?PCLRC C  ?QQGK  NMRCLAG?JKCLRC
    NPCTCLGPMSPCR?PB?P?QBMCL​?QBCKMBMECP?J JKBGQQM ?BCRCPKGL?ŽMBMQKCA?LGQKMQKMJCASJ?PCQQS@H?ACLRCQ
    ?M CDCGRM B? ?RGTGB?BC D”QGA? L? Q?ž​BC DMPLCAC @?QC AGCLR”¤A? N?P? ? CJ?@MP?ŽM BC QSNJCKCLRMQ LSRPGAGML?GQ
    NPCQAPGŽM BC KCBGA?KCLRMQ  CQRP?REG?Q B? KCBGAGL? ECLRGA?  RCP?NG?Q ACJSJ?PCQ C MSRPMQ KRMBMQ N?P? NPMBSXGP
    CDCGRMQ @CL¤AMQ L? Q?ž_ C BCQQCQ GL_ Gq”
    _ SMQ N?P? MQ OS?GQ MQ CVCPA”AGMQ QCH?K  R?JTCX  GKNMQQ”TCGQ  AMKM ?OSCJCQ
    CVRPCK?KCLRCM@CQMQCDPŠECGQMSN?AGCLRCQAMKJCQCQB?KCBSJ?CQNGL?J
    $KPCQSKM RCK QCM@QCPT?BMSKGKCLQMNPMEPCQQMB?NCQOSGQ?@ŠQGA?LMA?KNMB?¤QGMJMEG?BMCVCPA”AGMAMKM
    ?BTCLRM B?Q LMT?Q DCPP?KCLR?Q KMJCASJ?PCQ BSP?LRC MQ žJRGKMQ  ?LMQ $QQ? NCQOSGQ? RCK ?HSB?BM ? CLRCLBCP
    KCJFMP MQ KCA?LGQKMQ QS@H?ACLRCQ  PCQNMQR? AMPNMP?J ?M CVCPA”AGM  @CK AMKM ?M RPCGL?KCLRM D”QGAM  ?K@MQ ?
    PCQNCGRMBMBCQCKNCLFMCB?Q?ž​BCFSK?L? JKBGQQM ?RCALMJMEG?BCNCQOSGQ?BGQNMLG@GJGX?B?N?P?MQAGCLRGQR?Q
    ? OS?J CTMJSG AMK P?NGBCX  QCK BžTGB? NPMKMTCPŠ ? AMKNPCCLQŽM K?GQ ?KNJ? B?Q PCQNMQR?Q BM AMPNM FSK?LM ?M
    CVCPA”AGMLMQL”TCGQACJSJ?P KMJCASJ?PCECLRGAMLMDSRSPMKSGRMNP™VGKM

    15@A>--05/5;:-8
    !MMRF %6  "F?IP?T?PRFW ,5  &MPBML 2$  CR ?J 6?EGLE U?P ML NFWQGA?J GL?ARGTGRW SQGLE KMBCPL KMJCASJ?P ?KKSLGRGML
    ?E?GLQR?L?LAGCLRCLCKW) NNJ/FWQGMJ Z

    ,4&
     ;
    )8-4,)8-;9=1;))841+),)6)+1f6​+1),7-@-:+h+17
    1I( ?66=1>&8)#$)
    96-,::69  769;: *0,5*,
    633,.,6-+<*(;065
    !/,"50=,9:0;@6-,5;9(33690+(
    93(5+6

    @?QCB?AMKNPCCLQŽMCKDMP?CAMLBGAGML?KCLRMFSK?LMQAMLQRPS”​B?QM@PCNPGLA”NGMQAGCLR”¤AMQCAMLQGQRCLM
    NPMBSRMBCAG‘L​AG?Q@ŠQGA?Q AMKM@GMJMEG? D”QGA?COS”​KGA? OSCCQRŽMAMK@GL?B?Q?SKA?KNMBCCQRSBM?NJGA?BM
    AMK‘LD?QCCQNCA”¤A?CK¤QGMJMEG? @GMKCA‹LGA?C@GMOS”KdA?$LRCLBCP?QPCQNMQR?Q¤QGMJ™EGA?Q?MRPCGL?KCLRM
    CQQCLAG?JN?P?RP?@?JF?PAMK?RJCR?Q ?HSB?LBM MQLMBCQCLTMJTGKCLRMBCKCR?QPC?JGQR?QBCRPCGL?KCLRM CDMPLCACP
    SK -,,+)(*2 AP”RGAM BSP?LRC ? ?T?JG?ŽM 2CK M SQM B? AG‘L​AG? QCP”?​KMQ GLA?N?XCQ BC ?T?JG?P BC K?LCGP? CDCRGT? ?
    C¤AŠAG? BC TŠPGMQ N?P?BGEK?Q BC RPCGL?KCLRM  BC CV?KGL?P BC KMBM AP”RGAM BGTCPQMQ ?SV”JGMQ CPEME‘LGAMQ C
    QSNJCKCLRMQ LSRPGAGML?GQ  MS CLRCLBCP ?Q LCACQQGB?BCQ ¤QGMJ™EGA?Q  NQGAMJ™EGA?Q C @GMKCA‹LGA?Q LCACQQŠPG?Q N?P? M
    QSACQQMCKCQNMPRCQCQNCA”¤AMQ
    .D?RMBCQCP?NMLRCCLRPCAG‘L​AG?C?NJGA?ŽMMOSCRMPL??NCQOSGQ??NJGA?B?RŽMCQNCAG?J NMQQG@GJGR?LBMOSCM
    RPCGL?BMP CLRCLB? AMKM ?HSB?P MQ ?RJCR?Q ? K?VGKGX?P M BCQCKNCLFM  C  R?JTCX RŽM GKNMPR?LRC OS?LRM GQQM  ?
    CLRCLBCP?QJGKGR?CQBMBCQCKNCLFM$QQ?QGLDMPK?CQNMBCK?HSB?PRPCGL?BMPCQC?RJCR?QL?BCRCPKGL?ŽMBC
    M@HCRGTMQ PC?JGQR?Q BM RPCGL?KCLRM C B?Q CVNCAR?RGT?Q PCJ?AGML?B?Q AMK M BCQCKNCLFM /MBC  ?GLB?  ?SVGJG?P M
    CQR?@CJCAGKCLRMBCAPGRPGMQK?GQM@HCRGTMQSQ?BMQN?P??QCJCŽMB?COSGNC NCQOSGQ??NJGA?B?MDCPCACDCPP?KCLR?Q
    N?P? M RALGAM KGLGKGX?P M PGQAM BC JCQŽM  PCBSXGP M PGQAM BC D?BGE? C RPCGL?KCLRM CVACQQGTM C ?JA?L?P M NGAM BM
    BCQCKNCLFM LMQ KMKCLRMQ ?NPMNPG?BMQ  K?GMPG? BMQ AGCLRGQR?Q RP?@?JF? AMLDMPR?TCJKCLRC CK J?@MP?R™PGMQ
    SRGJGX?LBMKCBGB?QJ?@MP?RMPG?GQN?P??T?JG?PMBCQCKNCLFMFSK?LM$QQCRGNMBCAG‘L​AG?CAMJCŽMBCB?BMQCVCPAC
    GKNMPR?LRC DSLŽM L? ?KNJG?ŽM BM CLRCLBGKCLRM AGCLR”¤AM QM@PC M BCQCKNCLFM FSK?LM -M CLR?LRM
    NCQOSGQ?BMPCQ ?NJGA?BMQ QŽM GES?JKCLRC ?BCNRMQ ?M SQM B?Q OS?BP?Q C BMQ A?KNMQ BC HMEM AMKM J?@MP?R™PGMQ .
    CV?KCBMQ?RJCR?QCKQCS?K@GCLRCAMKNCRGRGTMNMQQG@GJGR??AMKNPCCLQŽMK?GQCQNCA”¤A?BCLCACQQGB?BCQCCQRPCQQCQ
    MA?QGML?BMQNCJMCQNMPRC ?JKBCDMPLCACPB?BMQOSCMQRPCGL?BMPCQNMBCKNPMLR?KCLRCAMKNPCCLBCP BCK?GQ ?
    A?N?AGB?BCCMBCQCHMBCBCJGLC?P?QGLDMPK?CQAMJCR?B?QR?LRML?NCQOSGQ?BCA?KNMOS?LRMJ?@MP?RMPG?JSK?
    PCQNMLQ?@GJGB?BC OSC MQ AGCLRGQR?Q ?NJGA?BMQ BCTCK ?ACGR?P  AMKSLGA?ŽM MNMPRSL? AMK M RALGAM C M ?RJCR?
    NCPKGRC OSC CJCQ SRGJGXCK CQQ?Q GLDMPK?CQ N?P? ?KNJG?P ? AMKNPCCLQŽM B?Q LCACQQGB?BCQ BM CQNMPRC C  OS?LBM
    ?NJGAŠTCJ  N?P? BCQCLTMJTCP MQ N?P?BGEK?Q BC RPCGL?KCLRM ?NPMNPG?BMQ 4K CVCKNJM BGQQM  M@QCPT?BM LM CQRSBM
    NS@JGA?BMNMP'MDDK?LCR?JCKL?PCTGQR?,+0*05,(5+ *0,5*,05 769;:(5+?,9*0:,$QQ?NCQOSGQ?CV?KGLMS
    ?Q ?JRCP?CQ @GMOS”​KGA?Q  CLB™APGL?Q C LM BCQCKNCLFM BSP?LRC SK? AMKNCRGŽM BC DSRC@MJ SLGTCPQGRŠPGM %MG ?
    NPGKCGP? TCX OSC ?RJCR?Q BC DSRC@MJ DMP?K CV?KGL?BMQ CK RCKNM PC?J  M OSC DMPLCACS GLDMPK?CQ GKNMPR?LRCQ ?
    PCQNCGRM B? BGKGLSGŽM B? NMR‘LAG? C K?PA?BMPCQ CLB™APGLMQ C @GMOS”​KGAMQ BC B?LM ​KSQASJ?P C CQRPCQQC A?SQ?BM
    NCJMCVCPA”AGM
     NMLRC OSC JGE? AG‘L​AG? C CQNMPRC  SK? TG? BC KŽM BSNJ? 3ALGAMQ C ?RJCR?Q KSGR?Q TCXCQ OSCQRGML?K ?
    CDCRGTGB?BC BC TŠPGMQ KRMBMQ BC RPCGL?KCLRM C BC QSNJCKCLRMQ LSRPGAGML?GQ CQNCA”¤AMQ "MK DPC l S‘LAG?  ?
    ASPGMQGB?BC JCT?LR? OSCQRCQ GKNMPR?LRCQ OSC ECP?K GBCG?Q BC NCQOSGQ?Q CQNCA”¤A?Q N?P? MQ NCQOSGQ?BMPCQ $QQ?
    AMKSLGA?ŽMCKBS?QTG?QCQQCLAG?JN?P?NPMJGDCP?PM”KNCRMNMPLMTMQNPMHCRMQBCNCQOSGQ?
    $VCKNJMQ BC AMKM ? NCQOSGQ? ?NJGA?B?  SQ?B? L? KCJFMP? BM BCQCKNCLFM ?RJRGAM NMBCK QCP M@QCPT?BMQ LMQ
    CQRSBMQMPGEGL?BMQCKKCSJ?@MP?R™PGMCMSRPMQCKOSCRP?@?JFCGBSP?LRC?KGLF?A?PPCGP?#GDCPCLRCQN?P?BGEK?Q
    BC RP?R?KCLRM N?P? NPMEP?K?Q BC AMLBGAGML?KCLRM BSP?LRC C DMP? BC RCKNMP?B? DMP?K CV?KGL?BMQ ?M JMLEM BMQ
    žJRGKMQ ?LMQ JESLQ CVCKNJMQ GLAJSCK ? GLTCQRGE?ŽM B?Q RALGA?Q BC NCPGMBGX?ŽM JGLC?P C LŽM JGLC?P LMQ
    NPMEP?K?Q BC AMLBGAGML?KCLRM BSP?LRC C DMP? BC RCKNMP?B? N?P? HME?BMPCQ BC DSRC@MJ  ? AMKN?P?ŽM BMQ
    NPMEP?K?QBCRPCGL?KCLRMBCJCT?LR?KCLRMBCNCQMRP?BGAGML?JCMJ”KNGAMLMNPMEP?K?BCAMLBGAGML?KCLRMDMP?
    BCRCKNMP?B?BMQHME?BMPCQBCDSRC@MJCMCDCGRMBMQCVCPA”AGMQ@?J”QRGAMQMSQCH? ?E?AF?KCLRMAMKQ?JRMCQSNGLM
    LM BCQCLTMJTGKCLRM BC NMR‘LAG? BMQ ?RJCR?Q BC DMP?NMR‘LAG? JK BGQQM  MQ CV?KCQ B?Q LMT?Q KMB?JGB?BCQ BC
    RPCGL?KCLRM  AMKM @?PP?Q C AMPPGB? BC PCQGQR‘LAG? L? CQRCGP?  R?K@K DMP?K SQ?BMQ N?P? NPMBSXGP GLDMPK?CQ
    GKNMPR?LRCQQM@PCMBCQCKNCLFMLMCVCPA”AGM.QPCQSJR?BMQBCQQCQCQRSBMQDMP?KSQ?BMQN?P?CJ?@MP?PNPMEP?K?Q
    BCRPCGL?KCLRML?QRCKNMP?B?QQS@QCOSCLRCQ JKBGQQM TŠPGMQQSNJCKCLRMQLSRPGAGML?GQAMKM@C@GB?QNPMRCGA?Q
    AMK@GL?CQ BC APC?RGL? C @CR? ?J?LGL? C @C@GB?Q ?JR?KCLRC CLCPERGA?Q N?P? AMLQSKM ?LRCQ BM CVCPA”AGM DMP?K
    CV?KGL?BMQ LMQ ?RJCR?Q CVNCPGCLRCQ CK RPCGL?KCLRM BC DMP? N?P? BCRCPKGL?P ? C¤AŠAG? BCQQCQ QSNJCKCLRMQ LCQQ?
    NMNSJ?ŽM.AMKNMLCLRCAP”RGAM?RPG@S”​BM?MQSACQQMB?NCQOSGQ?PC?​JG​X?B?CKKCSJ?@MP?R™PGMDMG?A?N?AGB?BCBC
    BCQAPCTCPAMKP?NGBCXMQPCQSJR?BMQBCQQCQCQRSBMQN?P??COSGNCBCRPCGL?KCLRMCN?P?MQ?RJCR?Q$QQ?QJGLF?QBC
    AMKSLGA?ŽM PCDMP?K BC K?LCGP? NMQGRGT? ? NCQOSGQ? AML​RG​LS?B? C NPMBSXCK K?GQ GBCG?Q N?P? CQRSBMQ
    QS@QCOSCLRCQ ?JKBC?NMG?P?AMMNCP?ŽMCLRPCRPCGL?BMPCQCNCQOSGQ?BMPCQ?NJGA?BMQ

    %121>g:/5-
     'MDDK?L )1  ,?PCQF ",  -CURML 14  CR ?J /CPDMPK?LAC  @GMAFCKGA?J  ?LB CLBMAPGLC AF?LECQ BSPGLE ? AMKNCRGRGTC
    DMMR@?JJE?KC,CB2AG2NMPRQ$VCPA Z
    % 4 F%
    86DA0   ;4<4=C>B A46D;0C{A8>B % % 4< ?4B@D8B0 =0 28u=​280 3> 4B?>AC4 4 4G4A2w28>
    2JMNL?OC;GL?@?L? M?;NI>I?MNGOFIIO;‹ŠIKO?I=ILL?;HN?M>?IONLI?MNGOFIIO;‹ŠI !IQHMNL?;GL?@?L? M?;
    KO;FKO?L?MNGOFIIO;‹ŠIKO?I=ILL?;J•MIONLI?MNGOFIIO;‹ŠI

    JESLQCVCKNJMQBCCQRSBMQOS?JGR?RGTMQ
     $QRSBMBCA?QMBMCLTMJTGKCLRMBMQN?GQCKNPMEP?K?QBCAMLBGAGML?KCLRMN™Q ?SJ?
     $QRSBMBCKžJRGNJMQA?QMQBCAPG?L?QOSCQC?JGKCLR?KBCK?LCGP??BCOS?B?CLŽMQŽMM@CQ?Q ?NCQ?PB?@?GV?PCLB?C
    BCKMP?PCKCKACLRPMQSP@?LMQ
     $V?KCB?Q?RGRSBCQBCNPCN?P?BMPCQD”QGAMQBMQCVMK?QASJG​LMCKPCJ?ŽMQ?RJCR?Q
    .SRPM RGNM BC NCQOSGQ? OS?JGR?RGT?  ? NCQOSGQ? FGQR™PGA?  M CQRSBM BC CTCLRMQ N?QQ?BMQ  QCESGP  ?JESLQ CVCKNJMQ BC
    NCQOSGQ?FGQR™PGA?
     %?RMPCQOSCJCT?P?K3GRJC(7+CEGQJ?RGMLCLTMJTCLBMKSJFCPCQCCQNMPRC
     .GKN?ARMFGQR™PGAM QM@PC?GES?JB?BCP?AG?JL??BGTGQŽMBM@?QOSCRC@MJ B?TGR™PG?B?COSGNCBM3CV?Q6CQRCPLQ
    RPCGL?B?NMP#ML'?QIGLQ OSCE?LFMSMR”RSJML?AGML?JAMKC?LBMMHMEMAMKHME?BMPCQLCEPMQNCJ??TCXCKSK
    HMEMBCA?KNCML?RML?AGML?J
     QAMLRPG@SGCQBM#P&?PW #SBJCW SKPCLMK?BMNCQOSGQ?BMPLMA?KNMB?¤QGMJMEG? h SQASJ?P
     QCESGP  LMQ AMLACLRP?PCKMQ LMQ RGNMQ BC NCQOSGQ? K?GQ PCJCT?LRCQ N?P? M NCQOSGQ?BMP B? ​ŠPC? BM CVCPA”AGM NCQOSGQ?
    J?@MP?RMPG?JCBCA?KNM NCQOSGQ?BCQAPGRGT?CNCQOSGQ?CVNCPGKCLR?J

    (537,5$.$%14$614,$.('(&$/21
     NCQOSGQ? NMBC QCP AMLBSXGB? CK TŠPGMQ JMA?GQ  BCQBC CK J?@MP?R™PGMQ ?JR?KCLRC AMLRPMJ?BMQ AMKM SK? SLGB?BC
    KCR?@™JGA? ?CTCLRMQCKA?KNMAMKMSK?JSR?LMEGLŠQGM NCQOSGQ?J?@MP?RMPG?JMAMPPCCKJ?@MP?R™PGMQCQNCA”¤AMQC
    AMLRPMJ?BMQ  MLBC M AMLRPMJC KSGRM K?GQ GLRCLQM  NMQQ”TCJ  CLOS?LRM ? NCQOSGQ? BC A?KNM NMBC ?AMLRCACP CK Q?J?Q BC
    ?SJ? EGLŠQGMQ A?KNMQBC?RJCRGQKM šLG@SQCQN?AG?J LMASPQMBCSK?K?P?RML?MSBC@?GVMBŠES?,SGR?QTCXCQ ?QNCQQM?Q
    ?APCBGR?KOSC?NCQOSGQ?BCA?KNMGLDCPGMPJ?@MP?RMPG?J NMPK L?PC?JGB?BC ?K@?QCQRŽMDMA?B?QCKPCQNMLBCP?SK?
    NCPESLR?!MVC /MPCVCKNJM QCPG?BGD”AGJCLRCLBCP?CVAGR?ŽM¤QGMJ™EGA?NMSAM?LRCQBCQ?GPB?OS?BP?L?Q¤L?GQBC
    SK?AMKNCRGŽMBCR‘LGQBM42.NCL3CLLGQCKSKJ?@MP?R™PGM QQGK RMBMQMQJMA?GQLCACQQŠPGMQN?P???@MPB?ECKBC
    SK? OSCQRŽM AMLQRGRSCK M ACLŠPGM ?NPMNPG?BM N?P? M CVNCPGKCLRM C  CK RMBMQ MQ A?QMQ  ?Q AMLBGCQ BCTCK QCP
    ASGB?BMQ?KCLRC M@QCPT?B?Q  OS?JGB?BC CVNCPGKCLR?J LŽM  SK? DSLŽM BM JMA?J  K?Q QGK BMQ AMLRPMJCQ C BM BCQCLFM
    CVNCPGKCLR?J OSC QŽM LCACQQŠPGMQ N?P? PCQNMLBCP SK? NCPESLR? #CQQC KMBM  R?LRM ? NCQOSGQ? BC A?KNM OS?LRM ?
    J?@MP?RMPG?JNMBCKBCQCKNCLF?PN?NCJKSGRMGKNMPR?LRCLM?T?LMR?LRMB?NCQOSGQ?@ŠQGA?OS?LRMB??NJGA?B?

    (537,5$'(5&4,6,8$
    3GNGA?KCLRC  ? @5CAE9C1 45C3B9D9F1  SQ?B? N?P? BCQAPCTCP BGDCPCLRCQ DCLšKCLMQ QCK JGKGR?P QC Q P?XCQ NMP OSC
    MAMPPCK  N?PRGP B? NCPQNCARGT? BC KSGRMQ AGCLRGQR?Q  LŽM QC RP?R? BC SK RGNM BC NCQOSGQ? KSGRM CVAGR?LRC  HŠ OSC LŽM
    BGQACPLCMQKCA?LGQKMQBC?ŽMOSCKCBCG?KMDCLšKCLM,CQKM?QQGK CJ?RCKMQCSJSE?P/MPCVCKNJM SKRGNMBC
    NCQOSGQ?BCQAPGRGT?NMBCQCPPC?​JG​X?BMN?P?A?P?ARCPGX?PMBCQCKNCLFMCMQNCP¤QB?AMKNMQGŽMAMPNMP?JBMQHME?BMPCQBC
    @?QOSCRC B? -!  BMQ AMPPCBMPCQ B? K?P?RML? MJ”KNGA? MS BC HME?BMPCQ BC DSRC@MJ OSC AMKNCRCK ? "MN? BM ,SLBM
    $K@MP?CQQCQB?BMQNMQQ?KLŽMCVNJGA?PAMKMMQAMPNMQQC?B?NR?KN?P?NMQQG@GJGR?PMBCQCKNCLFMCKL”TCGQRŽM?JRMQ M
    NCP¤JB?QA?P?ARCP”QRGA?QNMBC?RPG@SGPBGQACPLGKCLRMB?QA?N?AGB?BCQD”QGA?QLCACQQŠPG?QN?P?MBCQCKNCLFMLCQQCQL”TCGQ
    3?K@K NMBCDMPLCACP?MNCQOSGQ?BMPGLRCPCQQ?BMLMQKCA?LGQKMQ@ŠQGAMQSK?NGQR?AMKM NMPCVCKNJM OS?GQT?​PGŠ​TCGQ
    CV?KGL?P N?P? CLRCLBCP CQQCQ BCQCKNCLFMQ  NCQOSGQ? BCQAPGRGT? NPMBSX ?NCL?Q SK NCP¤J BC SK EPSNM N?P oGASJ?P BC
    AMLBGCQNCV CVCPA”AGM =,9:<:CVCPA”AGM! MSGL​BG​T”​BSMQNCV HME?BMPCQBC@?QOSCRCSLGTCPQGRŠPGMQ=,9:<:AMJCEG?GQ
    QCKOS?JOSCPAMLFCAGKCLRMPC?JBMQKCA?LGQKMQBC?ŽMOSCKCBCG?K?QT?​PGŠ​TCGQCQRSB?B?Q MSDMPLCACCLRCLBGKCLRM
    BCA?SQ?CCDCGRM QCESGP ?JESLQCVCKNJMQBCCQRSBMQBCNCQOSGQ?BCQAPGRGT?
     3?K?LFMCAMKNMQGŽMAMPNMP?JBMQ(LBG?LŠNMJGQ"MJRQB?-%+
     "MKN?P?ŽMB?QPCQNMQR?Q¤QGMJ™EGA?QL?AMPPGB?CKCQRCGP?KMRMPGX?B?QCKCAMKGLAJGL?ŽM
     1CQNMQR?Q¤QGMJ™EGA?Q?M?QQGQRGP?SKHMEMBC@?QOSCRCSLGTCPQGRŠPGM
     $DCGRMQBCQCK?L?QBCBCQRPCGL?KCLRMBCDMP?CNMR‘LAG?
    .SRPM RGNM BC NCQOSGQ? BCQAPGRGT?  ? @5CAE9C1 3?BB5<139?>1<  ? OS?J  GKNMPR?LRC N?P? CLRCLBCP OSC AMPPCJ?ŽM LŽM
    GLBGA?A?SQ?JGB?BC QQGK NMBCQCPOSC?JEMCQRCH?AMPPCJ?AGML?BM NMPKRCKNMSAM?TCPAMKD?RMPCQA?SQ?GQ4KEP?LBC
    CVCKNJMBGQQMMN?NCJBMŠAGBMJŠARGAML?Q?JRCP?CQLMN'$K@MP?MŠAGBMJŠARGAMQCH?NPCBGRGTM LŽMSKD?RMPA?SQ?J
    B? PCBSŽM BM N' DPCLRC ?M CVCPA”AGM CVRPCKM  NCQOSGQ? AMPPCJ?AGML?J RCLR? BCRCPKGL?P QC CVGQRC PCJ?ŽM CLRPC  MS
    K?GQT?​PGŠ​TCGQOS?LRG¤AŠTCGQLSKPGA? CCKOSCEP?S0S?LBMT?mGŠqCGQCQRŽMAMPPCJ?AGML?B?Q NMBC QCSQ?P?PCJ?ŽM
    N?P?NPCTCPMT?JMPBCSK?T?​PGŠ​TCJN?P?SKQSHCGRMOS?LBMQCAMLFCACMT?JMPB?MSRP?T?​PGŠ​TCJBCQQCQSHCGRM AMPPCJ?ŽM
    GKNJGA?NPCTGQŽM K?QLŽMA?SQ?"MKDPC​OS‘LAG? MNCQOSGQ?BMPSQ?SKAMC¤AGCLRCBCAMPPCJ?ŽMN?P?PCJ?R?PMQPCQSJR?BMQ
    B?NCQOSGQ?AMPPCJ?AGML?J

    !&
      -, 
    =)6<1t+)dc7-9=)41t+)dc7,7;8),:o-;,-)<1>1,),-.h;1+)67+)587
    >-:;=;4)*7:)<l:17C#5,-;)t78):)7;8-;9=1;),7:-;
    "MLQR?LRCKCLRCKSB?K QC?QPCAMKCLB?CQB?Q?ž​BCNž@JGA?OS?LRMOS?LRGB?BCBC?RGTGB?BCD”QGA?KMBCP?B?C
    TGEMPMQ?LCACQQŠPG?N?P??Q?ž​BCCM@CK CQR?P$K ?QPCAMKCLB?CQ@ŠQGA?QBM KCPGA?L"MJJCECMD2NMPRQ
    ,CBGAGLCCB? KCPGA?L'C?PR QQMAG?RGMLCP?K
    /P?RGOSCCVCPA”AGMA?PBGMT?QASJ?PKMBCP?B?KCLRCGLRCLQMKGLNMPBG? BG?QNMPQCK?L?
    .4
    %??CVCPA”AGMQA?PBGMT?QASJ?PCQTGEMPMQ?KCLRCGLRCLQMQKGLNMPBG? BG?QNMPQCK?L?
    $
    %???CVCPA”AGMQBCDMP? ?PCNCRGCQN?P?A?B?SK TCXCQQCK?L?
    5MA‘HŠN?PMSN?P?NCLQ?PAMKM??RGTGB?BCD”QGA?OS?LRG¤A?B?COS?JG¤A?B? RGTGB?BCD”QGA?RMBMKMTGKCLRM
    AMPNMP?JNPMBSXGBMNCJMQ​KžQASJMQCQOSCJRGAMQOSCPCQSJR?CKE?QRMBCCLCPEG? CLEJM@?LBM?RGTGB?BCQBMKQRGA?Q
    MASN?AGML?GQ C BC RP?LQNMPRC C J?XCP "MKM TMA‘ NMBC GK?EGL?P  CJ? PCNPCQCLR? SK BCQ?¤M N?P? MQ NCQOSGQ?BMPCQ
    /?P? K?VGKGX?P M AMLRPMJC  ? ?RGTGB?BC D”QGA? C M E?QRM BC CLCPEG? NMBCK QCP K?GQ @CK KCBGBMQ L? SLGB?BC
    KCR?@™JGA? K?QAMLQGBCP?LBMOSCQRCQNPŠRGA?Q NMBCLŽMQCP?BCOS?BMN?P??NCQOSGQ? HŠOSCQCPG?GKNMQQ”TCJN?P?
    SKGL​BG​T”​BSMPC?​JG​X?P?Q?RGTGB?BCQB?TGB?BGŠ​PG?CLOS?LRMCQRGTCQQCAML¤L?BML?SLGB?BCKCR?@™JGA? JKBGQQM M
    E?QRMCMRP?@?JFMNPMG@GPG?KQS?TG?@GJGB?BC
    +CT?LBMGQQMCKAMLQGBCP?ŽM BGTCPQ?QMSRP?QRALGA?QBC?T?JG?ŽMDMP?KBCQCLTMJTGB?QCRCQR?B?QN?P?KCBGP?
    ?RGTGB?BC D”QGA? $QQ?Q RALGA?Q GLAJSCK CQA?J?Q BC EP?BS?ŽM M@QCPT?AGML?GQ BGPCR?Q BGQNMQGRGTMQ KCR?@™JGAMQ
    NMPRŠRCGQ ŠES? BSNJ?KCLRC K?PA?B? ?SRMPPCJ?RMQ B?Q ?RGTGB?BCQ D”QGA?Q BGŠ​PGMQ C JCT?LR?KCLRMQ NCBšKCRPMQ N?P?
    KCBGP ? OS?LRGB?BC BC N?QQMQ B?BMQ ?ACJCPšKCRPMQ N?P? OS?LRG¤A?P ? GLRCLQGB?BC BMQ BCQJMA?KCLRMQ TCPRGA?GQ C
    RALGA?Q BC KMLGRMP?KCLRM B? DPC​OS‘LAG? A?PB”?​A? "MLQGBCP?LBM ? TG?@GJGB?BC  ? PC?JGB?BC C M AMLRPMJC  OSC
    RALGA?QTMA‘AMLQGBCP?​GBC?GQN?P??T?JG?P??RGTGB?BCD”QGA?L?QBGDCPCLRCQNMNSJ?CQ
    QCESGP ?JESLQCVCKNJMQBCNCQOSGQ?AMPPCJ?AGML?JBCQAPGRGT?
     PCJ?ŽMCLRPCRPCGL?KCLRMAMKNCQMCT?JMPCQBC?SRMCQRGK?CK?RJCR?QHMTCLQ
     PCJ?ŽMCLRPCML”TCJBCPCQGQR‘LAG?CKSK?N?PCJFMCJ”NRGAMC?PCQNMQR?B?DPC​OS‘LAG?A?PB”?​A?
     PCJ?ŽMCLRPC?Q?JRCP?CQBCAMPRGQMJLMQ?LESCC?LQGCB?BC?LRCQBMCVCPA”AGM

    (537,5$(92(4,/(06$.
     K?GMPG? BMQ CQRSBMQ CK AG‘L​AG?  BC L?RSPCX? CVNCPGKCLR?J $QQC RGNM BC NCQOSGQ? PCOSCP K?LGNSJ?ŽM B?Q T?​PGŠ​TCGQ
    CVNCPGKCLR?GQL?CQNCP?L?BCCLRCLBCPAMKM?JEMDSLAGML?$VGQRCKAJ?QQCQNPGLAGN?GQBCT?​PGŠ​TCGQCKRMBMBCQCLFM
    CVNCPGKCLR?J QF1​B9g​F59C9>45@5>45>D5CQŽMK?LRGB?QAMLQR?LRCQCBC¤LCKMAMLRCVRMC?QAMLBGCQBMCVNCPGKCLRM
    5?PGŠ​TCGQGLBCNCLBCLRCQR”NGA?QBGXCKPCQNCGRMNMNSJ?ŽMCQRSB?B?GB?BC QCVM NCPACLRS?JBCEMPBSP?AMPNMP?J C?MQ
    N?P‹KCRPMQ BM CQRSBM RCKNCP?RSP? ?K@GCLR?J  ?JRGRSBC  Q F1​B9g​F59C 45@5>45>D5C QŽM ?Q KCBGB?Q  AMKM AMLQSKM BC
    MVGE‘LGMMSDMP? OSCGPŽMPCQNMLBCPMSLŽMQK?LGNSJ?CQCVNCPGKCLR?GQB?QT?​PGŠ​TCGQGLBCNCLBCLRCQ$K@MP?R?LRMM
    BCQCLFM B? NCQOSGQ? CVNCPGKCLR?J OS?LRM B? BCQAPGRGT? ?NPCQCLRCK T?​PGŠ​TCGQ BCNCLBCLRCQ C GLBCNCLBCLRCQ  ? NCQOSGQ?
    CVNCPGKCLR?JRCLR?SQ?PT?​PGŠ​TCGQGLBCNCLBCLRCQBGDCPCLRCQN?P?KMBSJ?PBCK?LCGP?GLRCLAGML?J?QT?​PGŠ​TCGQBCNCLBCLRCQ?
    ¤K BC ?BOSGPGP ? AMKNPCCLQŽM BMQ KCA?LGQKMQ BC A?SQ? C CDCGRM LM RP?@?JFM $K ECP?J  CQQC RGNM BC NCQOSGQ? CLTMJTC
    AMKN?P?CQ BC EPSNMQ .Q EPSNMQ LM CQRSBM AMKNPCCLBCK MQ T?JMPCQ B? T?​PGŠ​TCJ GLBCNCLBCLRC  NMP CVCKNJM  QCVM
    K?QASJG​LMJDCKGLGLM GB?BCHMTCKJTCJFM MSP??A?SA?QG?LMJ?DPM ?KCPGA?LMQ /MP¤K ?BGDCPCL?CLRPCNCQOSGQ?
    BCQAPGRGT? C CVNCPGKCLR?J CQRŠ LM D?RM BC OSC MQ BCQCLFMQ B? NCQOSGQ? CVNCPGKCLR?J QŽM SQ?BMQ LM RCQRC AMLRPMJ?BM BM
    NPMACQQMBCA?SQ?JGB?BCBCSKQGQRCK?MSDCLšKCLM QQGK GKNMPR?LRCCLRCLBCPOSCLŽMQŽM?QKCBGB?QOSCBGR?KQCM
    CQRSBM  CVNCPGKCLR?J MS BCQAPGRGTM  K?Q QGK M BCQCLFM BM CVNCPGKCLRM  M OS?J BCRCPKGL? ? A?N?AGB?BC BC ?BOSGPGP ?
    AMKNPCCLQŽMBCA?SQ?CCDCGRM QCESGP ?JESLQCVCKNJMQBCCQRSBMQBCNCQOSGQ?CVNCPGKCLR?J BCA?SQ?CCDCGRM
     .CDCGRMB?MA?QGŽMB?QSNJCKCLR?ŽMBC?KGLMŠ​AGBML?Q”LRCQCBCNPMRC”​L?
     .CDCGRMBMKMKCLRMBMBG?QM@PC?NSJQ?RGJGB?BCBMFMPKšLGMBMAPCQAGKCLRM
     .CDCGRMBMCQR?BMBCFGBP?R?ŽML?NPMBSŽMBCDMP?​KSQASJ?P
     GL​¥S‘L^G?BMA?JMPQM@PC?RCKNCP?RSP?ACLRP?JL?A?KGLF?B?CKPCJ?ŽMAMPPGB?
     .CDCGRMB?KGAPMEP?TGB?BCL?Q¤@P?Qh SQASJ?mCQRGNM((CKP?RMQ
     .QCDCGRMQB?BGCR?BC@?GV?GLECQRŽMBCA?P@MGBP?RMLMQJGN”BGMQQ?LES”​LCMQ

    ! 

    %DAC:?4{A:@DBF66IA=:42>@DAC@46DD@DLD:@=8:4@D6@C:6?E2>2DAC6D4C:w‚6D566I6C4{4:@DDv@7F?52>6?E25@D6>72E@D6E6@C:2D
    BF656G6>D6C4@?D:56C25@D?@4@?E6IE@@F2D4@?5:w‚6DD@32DBF2:D2D:?7@C>2w‚6D7@C2>@3E:52D
    $24:y?​4:25@6DA@CE666I6C4{4:@6I:DE6F>4@?E{?F@564@?964:>6?E@6A6DBF:D2BF6G2:5@3sD:4@2@2A=:425@
    A6DBF:D2A@56D6C4=2DD:L42524@>@BF2=:E2E:G22BF2=:?4=F:9:DEC:26BF2?E:E2E:G22BF2=:?4=F:256D4C:E:G224@CC6=24:@?2=56
    42FD26676:E@626IA6C:>6?E2=
    A6DBF:D256D4C:E:G2D67@42?242C24E6C:J2wv@56G2​C:s​G6:D
    A6DBF:D26IA6C:>6?E2=6?G@=G62>2?:AF=2wv@56G2​C:s​G6:D6IA6C:>6?E2:DA2C26?E6?56C4@>@2=8@7F?4:@?2

    "8C4A0CDA0284=CwJ20

    JGRCP?RSP?AGCLR”¤A?M?AžKS gMBCRMB?Q?QNCQOSGQ?QNS@JGA?B?QNPMTCLGCLRCQBCGLTCQRGE?CQMPGEGL?GQSQ?LBMKRMBM
    AGCLR”¤AMCPCTGQCQBCQQCQCQRSBMQ JGRCP?RSP?AGCLR”¤A?DMPLCAC@?QCAMLAPCR?CAMLRCVRMN?P??@MPB?ECLQCPCQNMQR?QQ
    NCPESLR?Q -ŽM FŠ PCQNMQR?Q N?P? RMB?Q ?Q NCPESLR?Q  K?Q  OS?LBM F?@GJGBMQ?KCLRC SQ?B? NMP NPM¤QQGML?GQ  ? JGRCP?RSP?
    NMBC ?RS?P AMKM SK AMKN?QQM @ŠQGAM C DMPLCACP BGPCAGML?KCLRM ?M JGB?P AMK SK NPM@JCK?  ?HSB?P ? BGQACPLGP ?Q
    OSCQRCQ  ?SVGJG?P ? CVNJGA?P KSGRMQ BMQ KCA?LGQKMQ QS@H?ACLRCQ BC ?ŽM CK CVCPA”AGM C BCRCPKGL?P SK N?BPŽM N?P? ?
    RMK?B? B? BCAGQŽM ​GBC?J L?Q KSGR?Q NPM¤QQCQ B? ®PC? B? AG‘L
    ^G? BM CQNMPRC C CVCPA”AGM  AMLDMPKC CTGBCLAG?BM NCJM
    KMTGKCLRMCKQCLRGBMQNPŠRGA?Q@?​QC?​B?QCKCTGB‘LAG?QsKCBGB?OSCLMQQ?@?QCBCAMLFCAGKCLRMT?GQCCVN?LBGLBM
    CQQC ?SKCLRM L? @BgD931 21​C51​41 5= 5F94m>391C T?G QCLBM M@QCPT?BM CK KSGR?Q NPM¤QQCQ  GLAJSQGTC L? AG‘L^G? BM
    CQNMPRC C CVCPA”AGM  AMK M@HCRGTM BC KCJFMP?P ? NPŠRGA?  NPŠRGA? @?​QC?​B? CK CTGB‘LAG?Q  SK? ?@MPB?ECK L? OS?J ?
    KCJFMPCTGB‘LAG?NMQQ”TCJMS?QGLDMPK?CQK?GQ?BCOS?B?QBGQNML”TCGQQŽMSQ?B?QN?P?RMK?PBCAGQCQ!MVC 

    $642?:D>@D56A6DBF:D2
    "MK ? NPMJGDCP?ŽM B? GLDMPK?ŽM AGCLR”¤A?  MQ KCA?LGQKMQ BC NCQOSGQ? QC RMPL?P?K SK? DCPP?KCLR? DSLB?KCLR?J L?
    NCQOSGQ? CK JGRCP?RSP? AGCLR”¤A? ,CA?LGQKM BC NCQOSGQ?  SK EPSNM BC NPMEP?K?Q BC AMKNSR?BMP OSC NPMASP?
    BMASKCLRMQL?GLRCPLCRNMPKCGMBCDP?QCQMSN?J?TP?Q AF?TC'MHCCKBG?CVGQRCKKCA?LGQKMQBCNCQOSGQ?AMKM&MMEJC
    !GLE C 8?FMM  MQ OS?GQ NCPKGRCK ?ACQQM ? @?LAMQ BC GLDMPK?CQ . NPM@JCK? BCQQCQ NPMEP?K?Q  OSC  KSGR?Q TCXCQ
    JGQR?K?JESLQ:0;,:MS3052:AMKTCP?AGB?BCOSCQRGMLŠTCJ-ŽMGLAMKSKOSCMAJGCLRCBCSK7,9:65(3;9(05,9AFCESCAMK
    GLDMPK?CQB?GLRCPLCRQM@PCRPCGL?KCLRMD”QGAMCNPMEP?K?QBCAMLBGAGML?KCLRM NCPESLR?LBMY.OSCTMA‘?AF?BCQQC
    MSB?OSCJCNPMEP?K?^Y0S?JMKCJFMP^#CQQCKMBM MQNPM¤QQGML?GQ BCKBGAMQ?7,9:65(3;9(05,9: QŽMAMLDPMLR?BMQ
    RMBMQ MQ BG?Q NCJM BCQ?¤M BC ?T?JG?P ?Q GLDMPK?CQ OSC AFCE?K ?R CJCQ  QCH? CK PCQSJR?BM  NP™NPG? JCGRSP?  QCH?
    BCAMPPCLRCB?NCQOSGQ?BCMSRP?QNCQQM?Q

    ,4& 
    9=-e8:`<1+)*)​;-)​,)-5->1,f6+1);
    /PŠRGA? @?​QC?​B? CK CTGB‘LAG?Q  M NPMACQQM OSC SRGJGX? MQ D?RMQ AGCLR”¤AMQ N?P? BGPCAGML?P ? AMLBSR? B?Q NPŠRGA?Q
    NPM¤QQGML?GQCKSK? ®PC?.M@HCRGTMMSQMAML¤ŠT` J NPCAGQMC@CKAMLFCAGBMB?QKCJFMPCQCTGB‘LAG?QL?ŠmC?L?
    FMP?B?RMK?B?BCBCAGQŽM$QQCNPMACQQMCLTMJTCTŠPG?QCR?N?Q/MPCVCKNJM ?NPCQAPGŽMBCSKCVCPA”AGMBCTCQCP
    @?​QC?​B? L? AMKNPCCLQŽM D?ARS?J BM NPMACQQM BM CVCPA”AGM . NPMACQQM CLEJM@? DMPKSJ?ŽM  CQAJ?PCAGKCLRM C
    A?RCEMPGX?ŽM B?Q NCPESLR?Q PCJ?AGML?B?Q AMK ? KMB?JGB?BC BC CVCPA”AGM BC GLRCPCQQC N CV  RPCGL?KCLRM BC
    ,5+<9(5*, MS BC NCQM  v NPCAGQM NCQOSGQ?P C AMJCR?P GLDMPK?CQ B?Q KCJFMPCQ CTGB‘LAG?Q BGQNML”TCGQ QM@PC M
    ?QQSLRM  ?T?JGŠ​ J?Q C ?NJGAŠ J?Q LM NPMACQQM BC NPCQAPGŽM Q DMLRCQ BCQQ?Q GLDMPK?CQ QŽM PCJ?RMQ BC NCQOSGQ?
    MPGEGL?GQ  PCTGQCQ ?@P?LECLRCQ  QSKŠPGMQ  AMKCLRŠPGMQ  PCTGQCQ QGQRCKŠRGA?Q  KCR? ?LŠJGQCQ C BGPCRPGXCQ NS@JGA?B?Q
    /?P?KSGR?Q​ŠPC?QL?AG‘L​AG?BMCVCPA”AGM RP?R? QCBCSKAMPNMBCRP?@?JFMCKAPCQAGKCLRM.QK?GMPCQBCQ?¤MQLM
    SQMBCQQ??@ABCB?QCTGB‘LAG?QBGQNML”TCGQL?NPŠRGA?

    15@A>--05/5;:-8
    !PMULQML 1"  &SPLCW )&  +?LB &' $TGBCLAC @?QCB BCAGQGML K?IGLE GL NS@JGA FC?JRF ) /S@JGA 'C?JRF ,?L?E /P?AR
     Z
    "?TGJJ -  %MQRCP "  .H? /  CR ?J L CTGBCLAC @?QCB ?NNPM?AF RM NFWQGA?J ?ARGTGRW NPMKMRGML ?LB NMJGAW BCTCJMNKCLR GL
    $SPMNCAMLRP?QRGLEA?QCQRSBGCQ/PMKMR$BSA Z
    .-C?JJ ,  !PMULQML 1" 3C?AFGLE CTGBCLAC @?QCB NS@JGA FC?JRF RM NS@JGA FC?JRF NP?ARGRGMLCPQ LL $NGBCKGMJ
     Z
    2FPGCP(2RPCRAFGLE@CDMPCCVCPAGQC?LCTGBCLAC@?QCB?NNPM?AF!PGRGQF)2NMPRQ,CBZ

    $LRPCR?LRM KCA?LGQKMQBCNCQOSGQ?CQNCAG?JGX?BMQQŽMK?GQPCJCT?LRCQN?P?MQNPM¤QQGML?GQB?®PC?BCQ?ž_ C.K?GQ


    AMKSKCLRC SQ?BM L?Q AG‘L​AG?Q KBGA?Q  M &E2#54 !MVC   3P?R? QC BC SK QCPTGM B? 42 -?RGML?J +G@P?PW MD
    ,CBGAGLCOSCGLAJSGK?GQBCKGJFCQBCAGR?CQBM,$#+(-$CBCMSRP?QPCTGQR?Q@GMKBGA?QCB?QAG‘L​AG?QB?TGB?
    OSCB?R?KBCQBC GLAJSQGTCNCPG™​BGAMQQM@PCCVCPA”AGMQ./S@,CBGLAJSG3052:N?P??PRGEMQL?”LRCEP?CMSRP?QDMLRCQ
    PCJ?AGML?B?QvSKQCPTGMEP?RSGRM DMPLCAGBMNCJ?K?GMPG?B?Q@G@JGMRCA?QSLGTCPQGRŠPG?Q.SRPMKCA?LGQKMBCNCQOSGQ? M
    )@?BD9C3EC   M @?LAM BC B?BMQ J”BCP CK CQNMPRC  Q?ž​BC  AMLBGAGML?KCLRM C KCBGAGL? CQNMPRGT?  MDCPCACLBM SK?
    DCPP?KCLR?BCNCQOSGQ??GLB?K?GQDMA?B?LCQQCQA?KNMQ!MVC 

    +:A@D566DEF5@D
    "MLDMPKC BCQAPGRM L?Q QCCQ ?LRCPGMPCQ  SK? @?QC BC B?BMQ BC BGDCPCLRCQ RGNMQ BC CQRSBM NMBC QCP CLAMLRP?B? L?
    JGRCP?RSP? AGCLR”¤A? . K?LSQAPGRM K?GQ LMRŠTCJ OSC AMKNC ? JGRCP?RSP? AGCLR”¤A?  ? @5CAE9C1 ?B979>1<  ? OS?J SQ? M
    KRMBMAGCLR”¤AMCECP?LMTMQB?BMQDSLB?KCLR?BMQLMRCQRCB?FGN™RCQC$QQCRGNMBCCQRSBM LMQQCSQBGDCPCLRCQKMBMQ
    AMLQRGRSGM?JGACPACBMLMQQMAMLFCAGKCLRM CQNCAG?JKCLRCL?QAG‘L​AG?QB?TGB?C@GMKBGA?Q$LOS?LRMLMTMQB?BMQBC
    NCQOSGQ?QŽM?NPCQCLR?BMQL?QGLTCQRGE?CQMPGEGL?GQ MSRPMQRGNMQBCNS@JGA?CQAGCLR”¤A?QAMLRPG@SCKN?P??JGRCP?RSP?
    B?AG‘L​AG?BMCQNMPRCCCVCPA”AGM QPCTGQCQAGCLR”¤A?QOSCQGLRCRGX?K?JGRCP?RSP?CVGQRCLRCCKSKR™NGAMDMPLCACKLMT?Q
    NCPACNCQGKNMPR?LRCQCAMLAJSQCQ@?​QC?​B?QL?QNCQOSGQ?QMPGEGL?GQBGQNML”TCGQ$QQ?QPCTGQCQNMBCKQCPDCGR?QNMPKCGM
    B??LŠJGQCCQR?R”QRGA?B?JGRCP?RSP?MSQCH? KCR? ?LŠJGQC NMP9(5205.AMK@?QCCKCTGB‘LAG?QB?JGRCP?RSP?MSPCTGQCQBC
    MNGLGŽM3?K@K?KNJG?K?AMKNPCCLQŽMCQRSBMQBCA?QMAMKMCV?KCBMNPMRMAMJMBCRPCGL?KCLRMBCSKKCB?JFGQR?
    BC MSPM MJ”KNGAM  OSC ?T?JG?K QGRS?CQ CQNCA”¤A?Q ?Q OS?GQ LŽM NMBCPG?K QCP PCNPMBSXGB?Q CK SK EPSNM BC QSHCGRMQ
    /S@JGA?CQ BC QGKN™QGMQ AMLQRGRSCK SK? QPGC BC RP?@?JFMQ OSC DMP?K ?NPCQCLR?BMQ CK CLAMLRPMQ AGCLR”¤AMQ
    NMQQG@GJGR?LBM OSC KSGRM K?GQ JCGRMPCQ OSC LŽM N?PRGAGN?P?K BM CLAMLRPM QC @CLC¤AGCK . D?RM BC QCPCK QS@KCRGBMQ 
    PCTGQŽMNMPN?PCQSKD?RMP AF?TCLCQQCQRGNMQBCNS@JGA?CQ MOSCLŽM?AMLRCACAMK?K?GMPG?BMQ@JMEQCAMKCLRŠPGMQ
    CLAMLRP?BMQL?GLRCPLCR

    'C@46DD@56C6G:Dv@A@CA2C6D
    4KNCQOSGQ?BMP ?MAMKNJCR?PMCQRSBM BCTCNS@JGAŠ JMN?P?OSCQCRMPLCN?PRCBMAMPNMBCAMLFCAGKCLRM%GESP? 
    "?B? NCPG™​BGAM RCK SK AMLHSLRM NP™NPGM BC BGPCRPGXCQ ?SRMP?GQ C BC DMPK?R?ŽM OSC SK ?PRGEM BCTC PCQNCGR?P ?M QCP
    QS@KCRGBM  NS@JGA?ŽM  NMPK GQQM BCTC CLTMJTCP M NPMACQQM BC PCTGQŽM NMP N?PCQ 0S?LBM SK ?SRMP ?NPCQCLR? SK
    RP?@?JFM?SK?PCTGQR?AGCLR”¤A? MCBGRMPAFCDCMSCBGRMPPCQNMLQŠTCJB? ®PC?MCLTG?N?P?PCTGQŽMPGEMPMQ?PC? gG
    u?B?NMP
    MSRPMQ NCQOSGQ?BMPCQ  MS YN?PCQ^  MQ OS?GQ QŽM CQNCAG?JGQR?Q L? ​ŠPC?  R?PCD? BMQ PCTGQMPCQ  JCP C CV?KGL?P M RP?@?JFM
    OS?LRM?D?JR?BCGLDMPK?CQ NPM@JCK?QBCGLRCPNPCR?ŽMBMQB?BMQCMQAF?K?BMQBCDCGRMQD?R?GQLMKRMBMMSBCQCLFM
    CVNCPGKCLR?J N CV  ?SQ‘LAG? BC EPSNM BC AMLRPMJC MS RALGA? BC KCBGB? GKNP™NPG?  $JCQ PCAMKCLB?K ?M CBGRMP QC M
    RP?@?JFMT?JC?NCL?QCPNS@JGA?BMMSLŽM"?B?PCTGQMPQSECPC??ACGR?ŽM ?ACGR?AMKPCTGQCQMSPCHCGR?MRP?@?JFMBC
    ?AMPBM AMK QS? ?LŠJGQC $K ECP?J  M CBGRMP QCESC ?Q PCAMKCLB?CQ BMQ PCTGQMPCQ C  OS?LBM FŠ BGTCPE‘LAG?  M OSC OSCP
    BGXCP OSC SK PCTGQMP PCHCGRMS C M MSRPM ?ACGRMS  SK RCPACGPM PCTGQMP  QMJGAGR?BM MS M NP™NPGM CBGRMP RMK? ? BCAGQŽM BC
    NS@JGA?PMSLŽMM?PRGEM$L¤K ?PCQNMLQ?@GJGB?BCBC?ACGR?PMSPCHCGR?PSK?PRGEMBMCBGRMP ¤A?LBMMQPCTGQMPCQ?NCL?Q
    CLA?PPCE?BMQB?QPCAMKCLB?CQ
    .NPMACQQMBCPCTGQŽMDCGRMBCK?LCGP?3571MS4E@<?3571-MNPMACQQMBCPCTGQŽMACE? MQPCTGQMPCQQ?@CKOSCK
    QŽM MQ ?SRMPCQ BM RP?@?JFM  NMPK MQ ?SRMPCQ LŽM R‘K AMLFCAGKCLRM BMQ PCTGQMPCQ -M NPMACQQM BC PCTGQŽM BSNJM ACE?
    LCLFSK?N?PRCAMLFCAC?MSRP?$KA?QMQK?GQP?PMQ ?JESLQNCPG™​BGAMQSRGJGX?KSKNPMACQQMBCPCTGQŽM?@CPR? LMOS?J
    RMB?Q?QN?PRCQQ?@CK?QGBCLRGB?BCQSK?QB?QMSRP?Q!MVC "?B?NPMACQQMRCK?PESKCLRMQ?QCSD?TMP NMPK L?
    K?GMPG?B?QTCXCQ MQK?LSQAPGRMQQŽM@JGLB?BMQN?P?CTGR?PNPCHS”​XMMSAML¥GRMLMNPMACQQM
    .Q”LBGACQR”NGAMQBC?ACGR?ŽMB?NS@JGA?ŽMT?PG?KBC? JMEM LCKRMBMQMQRP?@?JFMQQŽM?ACGRMQ CKSGRMQ
    K?LSQAPGRMQ NPCAGQ?K QCP LMT?KCLRC QS@KCRGBMQ ? MSRP?Q PCTGQR?Q ?R AMLQCESGPCK ¤A?P ?BCOS?BMQ 2C FMSTCP CPPMQ
    CVNCPGKCLR?GQMSBCDCGRMQD?R?GQ MNPMACQQMBCPCTGQŽMNMPN?PCQMQKMQRP?PŠCMCBGRMPLŽMNCPKGRGPŠOSCMRP?@?JFMQCH?
    NS@JGA?BM . NPMACQQM BC NS@JGA?ŽM  SK PCOSGQGRM PGEMPMQM N?P? ? TGB? ?A?B‘KGA? BC NPMDCQQMPCQ CK SLGTCPQGB?BCQ C
    NCQOSGQ?BMPCQOSCRP?@?JF?KL?GLBžQRPG?MSLMEMTCPLM3MB?TG? MNPMACQQMLŽMNCPDCGRM"CPR?TCX SKE?LF?BMPBM
    NP‘KGM-M@CJRCTCM?PRGEMPCHCGR?BMNCJ?PCTGQR? *0,5*,CM?PRGEMNPCKG?BMNCJM-M@CJDMGNS@JGA?BMCKMSRPMNCPG™​
    BGAM

    ,4& 
    757.)B-:=5)8-;9=1;)67=*-,
    . :0;, B? @G@JGMRCA? BC QS? SLGTCPQGB?BC BCTC RCP SK 3052 N?P? MQ @?LAMQ BC B?BMQ BM /S@,CB
    FRRNUUULA@GLJKLGFEMTNS@KCB
    2C TMA‘ LŽM Q?@C AMKM ?ACQQ?P  NCPESLRC ?M @G@JGMRCAŠPGM ,SGR?Q SLGTCPQGB?BCQ MDCPCACK ?GLB? >692:/67: CK
    AMKMSQ?PMQ@?LAMQBCB?BMQBCPCDCP‘LAG?,SGR?QTCXCQ ?@G@JGMRCA?RCKQS@QAPGŽM65305,N?P?KSGRMQBMQNCPG™​
    BGAMQBCQCSGLRCPCQQC CKOSCNMQQ”TCJ?ACQQ?PBCK?LCGP?BGPCR??TCPQŽMCKDMPK?RM/#%BM?PRGEM?N?PRGPBC
    SK 3052 LM /S@,CB . @?LAM BC B?BMQ BM /S@,CB MDCPCAC M ?ACQQM K?GQ ?RS?JGX?BM  JGRCP?RSP? L?Q ​ŠPC?Q BC
    KCBGAGL?CAG‘L​AG?
    . /S@,CB BGQNMLG@GJGX? BGTCPQMQ KMBMQ N?P? AMLBSXGP SK? NCQOSGQ?  AMKM NMP QSHCGRM  ?SRMP  B?R? C RGNM BC
    NS@JGA?ŽM JK BGQQM  FŠ KSGR?Q MNCQ N?P? JGKGR?P ? NCQOSGQ?  NMQQG@GJGR?LBM CLAMLRP?P CV?R?KCLRC M OSC QC
    NPCAGQ?

    #1?=A5?-<;><-8-B>-/4-B1
    /?P?AMLBSXGPSK?NCQOSGQ?@ŠQGA?NMPN?J?TP? AF?TC MNPGKCGPMN?QQMGBCLRG¤A?PMQAMLACGRMQ AF?TCL?NCPESLR?
    B?NCQOSGQ?/MPCVCKNJM N?P?CLAMLRP?PAGR?CQQM@PCPCQNMQR?Q?MRPCGL?KCLRMBCPCQGQR‘LAG?CKAPG?L?Q TMA‘
    BCTC GLQCPGP MQ RCPKMQ GKNMPR?LRCQ YRPCGL?KCLRM BC PCQGQR‘LAG?^ C YAPG?L?Q^  L? ​ŠPC? BC @SQA? M AJGA?P CK
    YNCQOSGQ?P^ BGQNMLG@GJGX?B?SK?JGQR?BCPCDCP‘LAG?QPCJ?AGML?B?QAMK?QN?J?TP?Q AF?TC

    #1?=A5?-<;>-A@;>
    sQTCXCQR?K@KTŠJGBMNCQOSGQ?PNCJMLMKCBM?SRMP/MPCVCKNJM QCMGLRCPCQQCM@RCPSK?JGQR?AMKRMBMQMQ
    RP?@?JFMQ NS@JGA?BMQ NCJM #P 6GJJG?K ) *P?CKCP  NMBC QC GLQCPGP M LMKC BM ?SRMP L? ​ŠPC? BC @SQA? BM QCESGLRC
    KMBM NPGKCGPM M žJRGKM QM@PCLMKC C  BCNMGQ  ?Q GLGAG?GQ  AMKM Y*P?CKCP 6)^ 4K? JGQR? AMK MQ RP?@?JFMQ BC
    ?SRMPG?CAM?SRMPG?BM#P6GJJG?K)*P?CKCP?N?PCACPŠ

    "<1>-0;>1?.;;81-:;?
    .Q MNCP?BMPCQ @MMJC?LMQ QŽM SQ?BMQ N?P? AMK@GL?P AMLACGRMQ L? NCQOSGQ? 2ŽM CJCQ M ?LB  MP C LMR .@QCPT?ŽM l
    >535CCgB9?AE55CD5:1=5=<5DB1C=19w​C3E<1C 
    ?LBAMK@GL?RCPKMQB?NCQOSGQ?BCKMBMOSCA?B?PCQSJR?BMAMLRCLF?RMBMQMQRCPKMQvSQ?BMN?P?PCQRPGLEGP?Q
    NCQOSGQ?Q
    EC315H5B39C51>4389<4B5>5H5B3o39?53B91>k1
    $LAMLRP?PCEGQRPMQAMLRCLBM?K@MQMQRCPKMQCVCPA”AGMCAPG?L?
    EC31@5@D945$!B15=5B- @5@Do49?5!B15=5B- 
    $LAMLRP?PCEGQRPMQAMLRCLBMMRCK?NCNR”BGM%COSCDMP?KCQAPGRMQNMP6)*P?CKCP
    MPAMK@GL?RCPKMQBCNCQOSGQ?BCKMBMOSCA?B?PCQSJR?BMAMLRCLF? NCJMKCLMQ SKBMQRCPKMQvSQ?BMN?P?
    ?KNJG?P?QNCQOSGQ?Q QCLBMKSGRMžRGJN?P??EPSN?PQGLšLGKMQMSEP?¤?QT?PG?LRCQBCSKžLGAMAMLACGRM
    EC31CDB5>7D8DB19>9>7%(B5C9CD1>35DB19>9>7DB59>1=5>D?456?Bk1?EDB59>1=5>D?45B5C9CDm>391
    $LAMLRP?PCJ?RMQAMLRCLBMNCJMKCLMQSKBMQRCPKMQ RPCGL?KCLRMBCDMP?MSRPCGL?KCLRMBCPCQGQR‘LAG?
    LMRCVAJSGRCPKMQBCKMBMOSCA?B?PCQSJR?BMLŽMAMLRCLF?MRCPKMOSCTCK?N™QMMNCP?BMP LMRvSQ?BMN?P?
    DMA?P?QNCQOSGQ?Q
    EC31|5H929<9DI$%*@1CC9F5CDB5D389>7|5H929<94145>j?1<?>71=5>D?@1CC9F?
    $LAMLRP?PCEGQRPMQAMLRCLBMMRCPKM¥CVG@GJGB?BC K?QLŽMMRCPKM?JMLE?KCLRMN?QQGTM
    +GKGRCQ ? MNŽM JGKGRCQ DMPLCAC SK? K?LCGP? BC CQNCAG¤A?P ?GLB? K?GQ ? NCQOSGQ? "MK CJ?   NMQQ”TCJ JGKGR?P ?
    NCQOSGQ? NMP RGNM BC NS@JGA?ŽM  JGLES?ECK  D?GV? CRŠPG?  QSHCGRMQ ?LGK?GQ MS FSK?LM  E‘LCPM CMS B?R? B?
    NS@JGA?ŽM

    ! 

    =:E6C2EFC24:6?E{L424@?D:DE6?@24ƒ>FZ@56A6DBF:D2D@C:8:?2:DAF3=:4252D4@>32D6?@>xE@5@4:6?E{L4@
    %AC@46DD@56C6G:Dv@A@CA2C6D6?G@=G624C{E:42C:8@C@D25@>2?FD4C:E@DF3>6E:5@A@C6DA64:2=:DE2D?2​sC62A2C256E6C>:?2CD6@
    2CE:8@6DEs256BF25@A2C2D6CAF3=:425@

    4FCs4:252D:?7@C>2w‚6D6E@>25256564:Dv@
    #?B??EP?LBCOS?LRGB?BCBCGLDMPK?CQBGQNML”TCGQFMHCCKBG?NCJ?GLRCPLCRC?T?PG?@GJGB?BCBCQS?OS?JGB?BC K?GQ
    GKNMPR?LRCOSCLSLA??T?JG?P??ASPŠAG?C??NJGA?@GJGB?BCB?QGLDMPK?CQ?MAMLBSXGPSK?NCQOSGQ?#?Q?2C5BF1kv5C
    1>54sD931CMSQCH? D?RMQAMK@?QCCKM@QCPT?CQA?SQ?GQCLŽMCKSKPGEMPMQMCQRSBMAGCLR”¤AM NCQOSGQ?J?@MP?RMPG?J
    AMLRPMJ?B? ?A?N?AGB?BCBC?L?JGQ?P?QGLDMPK?CQCQQCLAG?JN?P??@MPB?ECKCRMK?B?BCBCAGQŽMLMA?KNMB?AG‘L​AG?
    BMCQNMPRCCCVCPA”AGM
    QGLDMPK?CQLCACQQŠPG?QN?P?RMK?PSK?BCAGQŽMBCTCKRCPBGTCPQ?QA?P?ARCP”QRGA?Q/PCAGQ?KQCPPCJCT?LRCQ AMPPCR?Q
    MNMPRSL?Q AMKNJCR?QCQGKNJCQMQS¤AGCLRCN?P?QCPCKGLRCPNPCR?B?QBCK?LCGP?AJ?P? QCESGP ?QCR?N?Q?QCPCKQCESGB?Q
    ?M?T?JG?PGLDMPK?CQN?P?RMK?B?BCBCAGQCQ
     0S?GQQŽMMQM@HCRGTMQBMNPMEP?K?MS?QLCACQQGB?BCQBMGL​BG​T”​BSM
     N?PRGPB??LŠJGQCLCACQQŠPG? OSCBCAGQCQNPCAGQ?KQCPRMK?B?Q
     0S?GQGLDMPK?CQQŽMLCACQQŠPG?QN?P?RMK?PSK?BCAGQŽM
     0S?J?OS?LRGB?BCK”LGK?BCGLDMPK?CQLCACQQŠPG?QN?P?RMK?PSK?BCAGQŽM
     .OSŽMNPCAGQ?CCQNCA”¤A??GLDMPK?ŽMDMPLCAGB?CKPCJ?ŽMQGRS?ŽML?OS?JQCPŠ?NJGA?B?
     0S?JMAMLRCVRMFGQR™PGAMCOS?J??NJGA?@GJGB?BCLMNPM@JCK?MSL?OSCQRŽM?RS?J
     0S?J  ? GLDMPK?ŽM K?GQ NPCAGQ? "MKCAC AMK ?Q GLDMPK?CQ K?GQ NPCAGQ?Q  L? DMPK? BC NPGLA”NGMQ C JCGQ
    DSLB?KCLR?GQ?M?QQSLRM

    ,4&
    6+76<:):=5):<1/767=*-,e.`+14
    $LAMLRP?P SK ?PRGEM LM /S@,CB   L? TCPB?BC  KSGRM DŠAGJ 5CH? QC AMLQCESC CLAMLRP?P LM /S@,CB M ?PRGEM
    !B15=5B- &1DD?> ?B4?>)5D1<?=@1D929<9DI?689789>D5>C9DICDB5>7D81>45>4EB1>35DB19>9>7
    ?>8?B=?>1<1>4C;5<5D1<=EC3<5141@D1D9?>C  @@<&8IC9?<   

     3CLRC@SQA?PNMPN?J?TP?Q AF?TCSQ?LBM?QN?J?TP?QBMPCQSKMBM?PRGEM


     3CLRCJGKGR?PQS?NCQOSGQ??
    'SK?LMQ
    2CVMK?QASJG​LM
    (LEJ‘Q
    BSJRM
     3CLRCNCQOSGQ?PNCJMLMKCBM?SRMP
     3CLRCSQ?PMQMNCP?BMPCQ@MMJC?LMQN?P?AMK@GL?P?QN?J?TP?Q AF?TCCMLMKCBM?SRMP
    1CQSKM3PGLR?CAGLAMFMKCLQQ?SBŠTCGQDMP?KAMKN?P?BMQCP?LBMKGA?KCLRCBGQRPG@S”​BMQCLRPCMQEPSNMQOSC
    PC?​JG​X?P?KRPCGL?KCLRMBC,5+<9(5*,CDMP?BC?JR?GLRCLQGB?BC"5 RPCGL?KCLRMBC,5+<9(5*,CDMP?BC?JR?
    GLRCLQGB?BC?NCL?QN?P??PCEGŽMQSNCPGMPBMAMPNM4"5 RPCGL?KCLRMBC,5+<9(5*,BC?JR?GLRCLQGB?BC$5
     CRPCGL?KCLRMBCDMP?BC?JR?GLRCLQGB?BC235 .QEPSNMQ"C23?SKCLR?P?KBCK?LCGP?QGELG¤A?RGT??
    DMP? KŠVGK? N?P?  PCNCRGŽM CK RMBMQ MQ CVCPA”AGMQ /     NCL?Q MQ EPSNMQ "  4" C $ BCKMLQRP?P?K
    APCQAGKCLRM QGELG¤A?RGTM BM AMLQSKM BC MVGE‘LGM KŠVGKM L? CQRCGP? KMRMPGX?B? . EPSNM 23 PCTCJMS ?SKCLRMQ
    GKNMPR?LRCQ L? NMR‘LAG? 1CQNMQR?Q FMPKML?GQ ?M CVCPA”AGM L? CQRCGP? KMRMPGX?B? BCKMLQRP?P?K SK? PCQNMQR?
    BGDCPCLAG?J ?MQ NPMEP?K?Q BC RPCGL?KCLRM BGQRGLRMQ  GLBGA?LBM OSC M KCGM ¤QGMJ™EGAM QS@H?ACLRC BGDCPGS BM
    NPMEP?K? BC RPCGL?KCLRM Q ?JRCP?CQ QGELG¤A?RGT?Q L?Q ®PC?Q B?Q ¤@P?Q KpQASJ?P` Q DMP?K RGNMQ (  ((? C ((A
    ?SKCLR?P?KLMEPSNM23RGNMQ(C((ABGKGLS”​P?KLMEPSNM$RGNM((??SKCLRMSLMEPSNM"CLMEPSNM4"LŽM
    MAMPPCP?K ?JRCP?CQ ,SB?L?Q QGELG¤A?RGT?Q L? NMPACLR?ECK B?Q ¤@P?Q BM RGNM ((@ N?P? M RGNM ((? DMP?K
    M@QCPT?B?QCKRMBMQMQEPSNMQBCRPCGL?KCLRM QCLBMK?GMPCQLMQEPSNMQCKOSC?PCQGQR‘LAG?B?​KSQASJ?RSP?B?
    AMV?DMGRPCGL?B?$QQ?GLTCQRGE?ŽMGLBGA?OSC?AMK@GL?ŽMBCRPCGL?KCLRMBCDMP?C,5+<9(5*,PCQSJR?CK?RC​LS?​
    ŽMBMQE?LFMQLMBCQCKNCLFMCL?Q?B?NR?CQ¤QGMJ™EGA?QR”NGA?QBMRPCGL?KCLRMBCSKKMBMžLGAM


    $QRC?PRGEMCPCQSKMCQRŽMMPGEGL?JKCLRCCKGLEJ‘QLM/S@,CB

    86DA0  % ?A>24BB> 34 A4E8Br> ?>A ?0A4B 4=E>;E4 D<0 BtA84 34 4C0?0B ?0A0 60A0=C8A 0 @D0;83034 3>B
    0AC86>B?D1;8203>BG;CILC;>IM;LNCAIMJ;MM;JILOG;IO>O;ML?PCM™?M;HN?M>;JO<FC=;‹ŠI

    ! 

     6G@=Fwv@ 52 :?E6C?6E 2F>6?E@F @ G@=F>6 56 :?7@C>2w‚6D 5:DA@?{G6:D 6 4C:@F 2 ?646DD:5256 56 @D AC@LDD:@?2:D 2AC6?56C6> 2
    2G2=:2C>6=9@C2D:?7@C>2w‚6D
    DEx4?:42D562G2=:2wv@526L4s4:252D:?7@C>2w‚6D6?G@=G6>@FD@56AC:?4{A:@D6=6:D7F?52>6?E2:D62G6C:L42wv@5@4@?E6IE@
    52D:?7@C>2w‚6D@F5@D525@D

    =0C><8034D<4BCD3>

    /?P?JCPSKCQRSBMAMKSKNMSAMBCAMLFCAGKCLRM GKNMPR?LRCCLRCLBCPA?B?QCŽMBCSKR”NGAMK?LSQAPGRMAGCLR”¤AM
    "?B?QCŽMBCSKCQRSBMAMLRKN?PRCB?FGQR™PG?PCJ?AGML?B?AMKMKRMBMAGCLR”¤AMCAMK?GLRCPNPCR?ŽMBM?SRMP
    BMQB?BMQ?M¤L?JBMRP?@?JFM

    ?EC@5Fwv@
    .NPMN™QGRMNPGLAGN?JB?GLRPMBSŽMBCQCLTMJTCP?FGN™RCQCOSCQCPŠRCQR?B?NCJMBCQCLFMB?NCQOSGQ? MOSCDCGRMAMK
    ?PCTGQŽMJ™EGA?CAMLAGQ?B?JGRCP?RSP?AGCLR”¤A?OSCJCTMSMQ?SRMPCQ?BCQCLTMJTCPCK?FGN™RCQCCQNCA”¤A? NCPESLR?CM
    NPM@JCK? ?@MPB?BMQ NCJ? GLTCQRGE?ŽM NPCAGQ?K CQR?P AJ?PMQ C CTGBCLRCQ N?P? M JCGRMP  GLRPMBSŽM NMBC QCP SK? N?PRC
    BCQ?¤?BMP?BMRP?@?JFM?QCPCQAPGR? SK?TCXOSCBŠGL”AGM?RMBMAMLRCVRMCGKNMPR‹LAG?BMNPMHCRM.PCQN?JBMN?P??
    FGN™RCQC CQNCA”¤A? R?K@K BCTC CQR?P ™@TGM N?P? M JCGRMP v GKNMPR?LRC OSC LCQQ? QCŽM M ?SRMP ?@MPBC NMRCLAG?GQ
    APGRGAGQKMQ C BC@?RCQ K?GMPCQ  MQ OS?GQ NMBCK CLTMJTCP M NPM@JCK?  ? FGN™RCQC  MQ KRMBMQ CMS ? OSCQRŽM $QQ? QCŽM
    RCPKGL?AMK?BCAJ?P?ŽMAJ?P?BMNPMN™QGRM QCM?SRMPQCK?LRCTCAMLACLRP?BMCKQCSBCQCLTMJTGKCLRM
    ,4&
    9=-e8:`<1+)*)​;-)​,)-5->1,f6+1);
    9=-7;:->1;7:-;:-)45-6<-8:7+=:)5-5=5):<1/7
    &CP?JKCLRC SKPCTGQMPAMKC?MNPMACQQMBCPCTGQŽMNCJ?JCGRSP?BMPCQSKMBM?PRGEMN?P?M@RCPSK?GBCG?ECP?J
    BMOSCRP?R?M?PRGEM BMRGNMBCRP?@?JFMCBCAMKMQCAMKN?P?QNCQOSGQ?Q?LRCPGMPCQL?​ŠPC?
    #CNMGQ BGQQM  CK ECP?J M PCTGQMP J‘ M ?PRGEM AMK M MJF?P AP”RGAM DMA?BM NPGLAGN?JKCLRC L? AMKNPCCLQŽM BM
    P?AGMA”LGM B?J™EGA?CB?AG‘L​AG?.M@HCRGTMECP?JBMPCTGQMPHSJE?P?05;,.90+(+,B?AG‘L​AG?$QQCHSJE?KCLRMDCGRM
    NMPKCGMB??T?JG?ŽMB?OS?JGB?BCBMP?AGMA”LGMCNCJ??NJGA?@GJGB?BCBMQAMLFCAGKCLRMQCNPGLA”NGMQAGCLR”¤AMQ.Q
    PCTGQMPCQ R?K@K D?XCK GKNMPR?LRCQ HSJE?KCLRMQ OS?LRM  056=(cb6 B? GBCG? C  AMLRPG@SGŽM BM RP?@?JFM N?P? M
    ?T?LML?​ŠPC?$QQCLAG?JKCLRC SK?PRGEMAMKGLRCEPGB?BCAGCLR”¤A?OSC?NPCQCLR?LMT?QGLDMPK?CQN?P??®PC?
    QCKD?JF?QD?R?GQGLCPCLRCQL?KCRMBMJMEG? LMQB?BMQMSL?QAMLAJSQCQ RCPŠSK?AF?LACBCQCPNS@JGA?BM BCQBC
    OSCMNCPG™​BGAMQCJCAGML?BMQCH?AMLQGBCP?BM?NPMNPG?BM?M?QQSLRMBMCQRSBM
    .PCTGQMPM@QCPT?PŠOSCQRCQECP?GQLMKRMBMAGCLR”¤AM AMKM

    $VGQRC?JESK?AMLRP?BGŽMLMRP?@?JFM
    AMLAJSQŽMBM?SRMPCQRŠ?BCOS?B??MQB?BMQ.S?AMLAJSQŽMDMGGLHSQRG¤A?B?
    v@GMJMEGA?KCLRCNJ?SQ”TCJN?PCACNMQQ”TCJAMK@?QCCK?JESLQKCA?LGQKMQ 
    'Š?JESK?CVRP?NMJ?ŽMGL?NPMNPG?B?
    .Q?SRMPCQSQ?P?KP?AGMA”LGMAGPASJ?P
    NCQOSGQ?N?PCACSQCPSK?@SQA?NMPSK?OSCQRŽMRPGTG?J
    Q?LŠJGQCQCQR?R”QRGA?QDMP?K?NPMNPG?B?Q
    ?NPCQCLR?ŽMDMGQ™JGB?
    'MSTC?JESK?PCBSLB‹LAG? GPPCJCT‹LAG?MSCVASPQŽMBCQLCACQQŠPG?
    .QRCPKMQDMP?K?BCOS?B?KCLRCBC¤LGBMQ
    .?PRGEMDMGCQAPGRMBCK?LCGP?AJ?P?CDMA?B?
    J™EGA?NMPRPŠQB?CVNJGA?ŽMCQR?T?CVNJ”AGR?
    QJGKGR?CQKCRMBMJ™EGA?QDMP?K?@MPB?B?QL?BGQASQQŽM
     BGQASQQŽM ?@MPB? RMB?Q ?Q BGQAPCN‹LAG?Q MS AMLAMPB‹LAG?Q CLRPC MQ PCQSJR?BMQ NP™NPGMQ C BC MSRPMQ
    NCQOSGQ?BMPCQ
    'MSTC?¤PK?CQGKNPCAGQ?QMSCPP?B?QBCAGR?CQ

    -?K?GMPG?B?QTCXCQ MPCTGQMPD?X?PCTGQŽMACE? MOSCQGELG¤A?OSCMQ?SRMPCQLŽMQ?@CKOSCKDCX?PCTGQŽM


    $KECP?J ?PCTGQŽMAMKC?AMKAMKCLRŠPGMQK?GQECP?GQAMK@?QCLMBCQCLFMBMCQRSBMCLMP?AGMA”LGMECP?J$K
    QCESGB? MPCTGQMPD?XAMKCLRŠPGMQK?GQCQNCA”¤AMQ JGLF?NMPJGLF?LM?PRGEM2CMPCTGQMPAMLQGBCP?POSCM?PRGEM
    SK?AMLRPG@SGŽMGKNMPR?LRCN?P??JGRCP?RSP?COSC?NPCQCLR?@?QCQAGCLR”¤A?QQ™JGB?Q CKECP?J CJCPCAMKCLB?SK?
    MNMPRSLGB?BC N?P? PCTGQŽM 2C DMP BCRCPKGL?BM OSC ? NS@JGA?ŽM BM RP?@?JFM LŽM  TŠJGB?  M PCTGQMP PCAMKCLB? ?
    PCHCGŽM

    $xE@5@D
    QCŽMBCKRMBMQGKNMPR?LRC NMGQ?HSB?MSRPMQNCQOSGQ?BMPCQ?CLRCLBCPMOSCDMGDCGRM B?LBM?CJCQ?A?N?AGB?BCBC
    PCNPMBSXGPMCQRSBMvR?K@K?QCŽMOSCDMPLCAC?MJCGRMPMAMLRCVRMC?QAMLBGCQBMCQRSBM3P?R? QCB?QCŽMCK
    OSCQŽMCVNJGA?B?QCKBCR?JFCQ?QT?​PGŠ​TCGQGLBCNCLBCLRCQBMCQRSBMOSCDMP?KK?LRGB?QAMLQR?LRCQN?P?CQR?@CJCACPM
    BCQCLFM BM CQRSBM  C ?Q T?​PGŠ​TCGQ BCNCLBCLRCQ KCLQSP?B?Q  QCŽM BC KRMBMQ BC SK RP?@?JFM ?NPCQCLR? GLDMPK?CQ
    @?QR?LRCBCR?JF?B?QCCQNCA”¤A?Q AMKMMQRGNMQBCQSHCGRMQ MQRGNMQCQNCA”¤AMQBCCOSGN?KCLRMQSRGJGX?BMQ ?MPBCKC?Q
    CVNJGA?CQBMQNPMACBGKCLRMQSQ?BMQCAMKMMQB?BMQPCQSJR?LRCQDMP?K?L?JGQ?BMQCQR?RGQRGA?KCLRCN?P?RCQR?P?FGN™RCQC
    BMCQRSBM JKBGQQM RMBMQMQCQRSBMQNPCAGQ?KGLAJSGP?M@QCPT?ŽMBCOSCM(LQRGRSRGML?J1CTGCU!M?PBMS"MKGR‘BC
    vRGA??NPMTMSMNPMHCRM QCH?SKCQRSBMAMKFSK?LMQMS?LGK?GQ-MA?QMBCNCQOSGQ?FSK?L? R?K@KGKNMPR?LRC?
    M@QCPT?ŽM BC OSC M DMPKSJŠPGM BC AMLQCLRGKCLRM DMG M@RGBM ?N™Q MQ N?PRGAGN?LRCQ QCPCK GLDMPK?BMQ BMQ @CLCD”AGMQ C
    PGQAMQNMRCLAG?GQB?GLTCQRGE?ŽM
    QCŽMBCKRMBMQBM?PRGEMBCTCCVNJGA?P??@MPB?ECKBM?SRMP?MNPM@JCK? KMQRP?LBMAMKMMBCQCLFMB?NCQOSGQ?
    NMBC RCQR?P ? FGN™RCQC C PCQNMLBCP  OSCQRŽM NPMNMQR? L? GLRPMBSŽM (QQM GLAJSG ? CVNMQGŽM ?NPMNPG?B? B? @?QC N?P? ?
    QCJCŽMBCBGTCPQ?QT?​PGŠ​TCGQGLBCNCLBCLRCQCBCNCLBCLRCQ.QNPMACBGKCLRMQBCTCKQCPBCQAPGRMQCKR?LRMQBCR?JFCQ OSC
    ?JES​KNMBCPG?QCPA?N?XBCPCNCRGPMCQRSBM QCŽMBCKRMBMQBCTCAMLBSXGPMJCGRMPNCJMCQRSBM B?LBMMQCLRGBMBC
    ¥SVMCMPBCKBMQNPMACBGKCLRMQ$KECP?J CQQ?QCŽMRCPKGL?AMKCVNJGA?ŽMCCVNMQGŽMBMKMRGTMBMQNPMACBGKCLRMQ
    CQR?R”QRGAMQOSCDMP?KSQ?BMQN?P??L?JGQ?PMQB?BMQECP?BMQ/MP¤K MQ?SRMPCQBC¤LCKML”TCJB?GKNMPR‹LAG?CQR?R”QRGA?
    ?OS?JAMLQRGRSGRGNGA?KCLRCSKL”TCJ?JD?BC 

    )6DF=E25@D
    "MKMBGXCKKSGRMQNCQOSGQ?BMPCQ QCMQKRMBMQCMBCQCLFMBMCQRSBMDMPCKDMPRCQ ?QCŽMBMQPCQSJR?BMQQCPŠEJMPGMQ?
    C ? K?GQ GKNMPR?LRC BM ?PRGEM  AMLQRGRSGLBM M JMA?J MLBC M ?PRGEM QC RMPL? TGTM v ? ​ŠPC? L? OS?J MQ ?AF?BMQ QŽM
    ?NPCQCLR?BMQ "MLDMPKC M@QCPT?BM ?LRCPGMPKCLRC  A?B? TCX K?GQ ¤A? CTGBCLRC OSC LCK RMBMQ MQ QSHCGRMQ NMBCK
    PCQNMLBCPB?KCQK?K?LCGP?C NMPR?LRM CK@MP?QCH?GKNMPR?LRCKMQRP?PKBG?QCBCQTGMQN?BPŽM MQB?BMQGL​BG​TG​BS?GQ
    B?QPCQNMQR?QBMQQSHCGRMQCQRŽM ?RS?JKCLRC QCLBM?NPCQCLR?BMQN?P?B?P?MJCGRMP?LMŽMBMQN?BPCQECP?GQBCPCQNMQR?
    BCRMBMQMQQSHCGRMQ

    ! 

    AF3=:42wv@52A6DBF:D2x4@?D:56C252@A@?E@L?2=5@>xE@5@4:6?E{L4@
    +>>2?FD4C:E@4@?Ex>D6w‚6D?EC@5Fwv@#xE@5@D(6DF=E25@D:D4FDDv@BF6D68F6>@>xE@5@4:6?E{L4@

    :D4FDDv@
     QCŽM BC BGQASQQŽM BM ?PRGEM  ? ​ŠPC? L? OS?J MQ NCQOSGQ?BMPCQ KMQRP?K ? GKNMPR‹LAG? BM RP?@?JFM  GLRCPNPCR?K C
    PCJ?AGML?KMQPCQSJR?BMQAMK?JGRCP?RSP?AGCLR”¤A?CVGQRCLRC B?LBM?MRP?@?JFMAMLRCVRMCQCLRGBM BGQASQQŽMPCQNMLBC
    Q NCPESLR?Q JCT?LR?B?Q L? GLRPMBSŽM  ?JK BC ?@MPB?P OS?GQ LMT?Q NCPESLR?Q DMP?K JCT?LR?B?Q LM NPMACQQM BC
    CKNPCCLBGKCLRMBMCQRSBMCMOSCNPCAGQ?QCPDCGRMN?P??NCQOSGQ?DSRSP?

    GCA0sr>30B0?;820s~4B?AoC820B

    /MP¤K MNPM¤QQGML?JNP?RGA?LRCCQRŠGLRCPCQQ?BMCKCVRP?GP?QGLDMPK?CQBMQCQRSBMQOSCNMBCK?SVGJGŠ gM?K?LRCP


    KRMBMQ RALGA?QCNPMACQQMBCRMK?B?BCBCAGQŽML?JGLF?BCDPCLRCB?QS?NPM¤QQŽM3CP?KCLRC?@CPR?TGR?JLCQQC
    NPMACQQM NMGQLMT?QNCQOSGQ?QNMBCKNPMBSXGP?JRCP?CQL??@MPB?ECKBCSKNPM@JCK? QQGK MKMBMAMKMQCD?XM
    RP?@?JFMQCKNPCSKYRP?@?JFMCKNPMEPCQQŽM^OS?LBMQCAML​RG​LS??JCPC?NJGA?P?QNCQOSGQ?Q?RS?GQ

    @>AC66?Dv@5@4@?E6IE@5@6DEF5@
    vGKNMPR?LRCCLRCLBCPMAMLRCVRMBMCQRSBMN?P?NCPAC@CPAMKMCJCQC?NJGA??SK?QGRS?ŽMCKN?P​RGASJ?P.AMLRCVRMBM
    CQRSBM  DSLB?KCLR?J N?P? ? GLRCPNPCR?ŽM BMQ PCQSJR?BMQ C B?Q ?NJGA?CQ NPŠRGA?Q /MP CVCKNJM  AMKM RPCGL?BMP BC
    @?QOSCRCBCSKRGKCCQAMJ?P TMA‘NMBCCQR?PGLRCPCQQ?BMCKSK?K?LCGP?BCRPCGL?PQCSQ?RJCR?QN?P?KCJFMP?PMQ?JRM
    TCPRGA?J4KCQRSBMOSCRCLF?SQ?BMHME?BMPCQBC@?QOSCRCAMJCEG?GQCOSCRCLF?RCQR?BMTŠPGMQKRMBMQBCRPCGL?KCLRM
    BCQBCRPCGL?KCLRMNJGMKRPGAM AMKNCQM ?R?AMK@GL?ŽMBCQQCQKRMBMQ QCPG?​GBC?JN?P?M@RCP?NCPACNŽMBCOS?GQ
    PCQSJR?BMQNMBCKQCPCQNCP?BMQCKSKEPSNMBCHME?BMPCQBCQQ?GB?BC2CL?JGRCP?RSP?TMA‘M@QCPT?OSCCVGQRCKCQRSBMQ
    ?NCL?QAMK?RJCR?QCKGB?BCSLGTCPQGRŠPG? TMA‘NMBCQCPAMLDPMLR?BMAMKMBCQ?¤MBCGLRCPNPCR?P??NJGA?ŽMBMQ?AF?BMQ
    CLRPCQCSQ?JSLMQBM$LQGLM,BGM/MPR?LRM ?OSGGKNMPR?LRCCLRCLBCPMAMLRCVRMBMCQRSBM MOS?JCQRŠPCJ?AGML?BM
    AMKT?​PGŠ​TCGQGLBCNCLBCLRCQCBCNCLBCLRCQ

    !$4,\​8(,5,0'(2(0'(06(5
    +CK@PC OSC T?​PGŠ​TCGQ GLBCNCLBCLRCQ QŽM MQ D?RMPCQ AMLRPMJ?BMQ MS QCJCAGML?BMQ NCJM NCQOSGQ?BMP N?P? QCPCK K?LRGBMQ
    AMLQR?LRCQ $QQ?Q T?​PGŠ​TCGQ NMBCK QCP K?LGNSJ?B?Q N?P? M@QCPT?P QC ?JRCP?K ? PCQNMQR? B?Q T?​PGŠ​TCGQ BCNCLBCLRCQ C N?P?
    CLRCLBCPQCSGKN?ARMNCV RCKNCP?RSP? RGNMBCNPMEP?K?BCRPCGL?KCLRM E‘LCPM (LRCPCQQ?LRCKCLRC ?T?​PGŠ​TCJOSC
    LŽM  AMLRPMJ?B? CK SK CVNCPGKCLRM  K?Q OSC RCK CDCGRM GLBCNCLBCLRC   AF?K?B? BC YT?​PGŠ​TCJ BC AMLDSQŽM^  HŠ OSC
    M@QASPCAC?GLRCPNPCR?ŽMCKP?XŽMB?D?JR?BCAMLRPMJCMSBMASKCLR?ŽM/MPCVCKNJM TMA‘M@QCPT?MGKN?ARMB?BMP​
    KSQASJ?P LM RCKNM BC AMPPGB? BC  IK  K?Q BCQAM@PC OSC ? RCKNCP?RSP? C ? SKGB?BC LŽM DMP?K QGKGJ?PCQ CK RMB?Q ?Q
    QCQQCQ BC RPCGL?KCLRM .Q PCQSJR?BMQ NMBCK QCP CVNJGA?BMQ NCJ?Q AMLBGCQ ?K@GCLR?GQ  C LŽM LCACQQ?PG?KCLRC NCJ?
    OS?LRGB?BCBCBMP​KSQASJ?P QQGK MAMLRPMJCC?LMŽMBMQD?RMPCQGL¥SCLAG?BMPCQQŽMQCKNPC?QNCARMQGKNMPR?LRCQB?
    GLTCQRGE?ŽMAGCLR”¤A?/?P?OSCMQPCQSJR?BMQBCSKCQRSBMQCH?K?NJGA?BMQ?SKEPSNMBCNCQQM?QMSQGRS?ŽMCQNCA”¤A?
    ?QT?​PGŠ​TCGQGLBCNCLBCLRCQBMCQRSBMBCTCKAMPPCQNMLBCPMK?GQ?NPMVGK?B?KCLRCNMQQ”TCJQGRS?ŽMCNMNSJ?ŽM
    5?PGŠ​TCGQGLBCNCLBCLRCQR”NGA?QGLAJSCK

    (B?BC
    2CVM
    $QR?BMBMRPCGL?KCLRM
    3CKNCP?RSP?
    ,?QQ?AMPNMP?J
    &MPBSP?AMPNMP?J
    $QR?BMKCLQRPS?J
    (LECQRŽMLSRPGAGML?J
    JRGRSBC

    !$4,\​8(,5'(2(0'(06(5
    4K?T?​PGŠ​TCJBCNCLBCLRC R?K@KAF?K?B?BCYT?​PGŠ​TCJPCQNMQR?^ ?OSGJMKCBGBMCKPCQNMQR?DPCLRC?MEPSNMBCT?​PGŠ​
    TCGQGLBCNCLBCLRCQLMNPMHCRMBCNCQOSGQ? MAMLRPŠPGMB?GLBCNCLBCLRC ?T?​PGŠ​TCJBCNCLBCLRCECP?JKCLRCLŽMNMBCQCP
    AMLRPMJ?B?  NMPK ​?RS? AMKM T?​PGŠ​TCJ BC PCQNMQR? N?P? M CQRSBM  F1<94145 C ? 3?>{129<94145 BC SK? T?​PGŠ​TCJ QŽM
    GKNMPR?LRCQ4K?KCBGB?RCKT?JGB?BCOS?LBMKCBCMOSCNPCQSKCKCBGP/MPCVCKNJM ?N?JN?ŽMB??PRPG?A?P™RGB?
    LM NCQAMM N?P? AMLR?P ? OS?LRGB?BC BC NSJQMQ OSC MAMPPCK CK  KGL  CK@MP? LŽM KC? BC K?LCGP? BGPCR? ?
    AMLRP?RGJGB?BC BM AMP?ŽM   SK? KCBGB? TŠJGB? N?P? BCRCPKGL?P MQ @?RGKCLRMQ NMP KGLSRM BM AMP?ŽM  MS ? DPC​OS‘LAG?
    A?PB”?​A? (QQM NMPOSC CQQC KRMBM DMG CVNCPGKCLR?JKCLRC T?JGB?BM NMP KCBGB?Q BGPCR?Q B? DPC​OS‘LAG? A?PB”?​A?
    AML¤?@GJGB?BCQCPCJ?AGML?AMKMEP?SBCAMLQGQR‘LAG?BCSK?KCBGB?CKKCBGB?QPCNCRGB?Q2CTMA‘KCBCMRCKNMBC
    SK?AMPPGB?BCH?PB?Q KCRPMQ L?QCESLB? DCGP?CK?GQSK?TCXL?OS?PR? DCGP? MQLžKCPMQBCTCKQCPQGKGJ?PCQ
    $K RCPKMQ BC NCQOSGQ?  ? T?PG‹LAG? LŽM BCTC QCP QSNCPGMP ?  CLRPC MQ  T?JMPCQ N?P? OSC ? KCBGB? QCH? ?ASP?B?
    (LRCPCQQ?LRCKCLRC SK?KCBGB?TŠJGB?NPCAGQ?QCPAML¤ŠqCJ NMPKSK?KCBGB?AML¤ŠT` JLŽMNPCAGQ?QCPTŠJGB?
    JESLQCVCKNJMQBCT?​PGŠ​TCGQBCNCLBCLRCQQŽM

    3CKNMB?AMPPGB?BCH?PB?Q
    3CKNCP?RSP?ACLRP?J
    %PC​OS‘LAG?A?PB”?​A?
    "MLQSKMBCMVGE‘LGM
    %MP?KŠVGK?N?P?PCNCRGŽM
    /GAMBCRMPOSC
    /MR‘LAG?
    "MLACLRP?ŽMBCJ?AR?RMLMQ?LESC
    pPC?RP?LQTCPQ?JBCSK?¤@P?
    h SQASJ?P

    :C6wv@3sD:42A2C26D4@=92D62w‚6D
     JGRCP?RSP? B? NCQOSGQ? MDCPCAC SK? BGPCŽM @ŠQGA? N?P? ? ?ŽM /MP CVCKNJM  M ?JMLE?KCLRM BCTC QCP SQ?BM AMKM
    ?RGTGB?BCBC?OSCAGKCLRM?LRCQBM:7905;BCKCRPMQ-?RCLR?RGT?BCPCQNMLBCP?CQQ?NCPESLR? ?NPGKCGP?AMGQ??QCP
    M@QCPT?B?QŽMMQ?PRGEMQPCJCT?LRCQL?JGRCP?RSP?AGCLR”¤A? JKBGQQM BCTCKQCPAMLQSJR?BMQJGTPMQBC?SRMPGB?BCQL?®PC?
    3SBMGQQMNPMBSXSK)(*2.96<5+AMKNJCRMLM?QQSLRMC BCQQCKMBM ?BCAGQŽMGLDMPK?B?NMBCQCPRMK?B?/MP¤K RMB?
    GLDMPK?ŽM SRGJGX?B? N?P? RMK?P ? BCAGQŽM BCTC QCP MNMPRSL?  CQR?P AMLRCVRS?JGX?B? BC K?LCGP? ?BCOS?B?  QCP TŠJGB? C
    NMQQ”TCJ BC QCP GKNJCKCLR?B? ? N?PRGP BC SK? NCPQNCARGT? NPŠRGA? $QQC AGAJM BC NCQOSGQ? C ?NJGA?ŽM APG? ? K?RSPGB?BC
    GLRCJCARS?JCNPM¤QQGML?JLCACQQŠPG?N?P??QKCRMBMJMEG?QBCT?LES?PB?

    012%,%&$"0,

    6<
    5MA‘CQRŠRCLR?LBM?T?JG?P?C¤AŠAG?BCSKQSNJCKCLRM?JGKCLR?POSCTMA‘AMLFCACSCKSK?PCTGQR?QM@PC h SQASJ?ŽM
    N?P? ?HSB?P QCSQ ?JSLMQ B? ?A?BCKG? BC ?K@MQ MQ QCVMQ  AMK GB?BC BC  ?  ?LMQ . ?PRGEM ?¤PK? OSC CQQC
    QSNJCKCLRMFCP@ŠACMNMBC?SKCLR?P?DMP?BCK?LCGP?BPŠQRGA?5MA‘M@QCPT??QPCDCP‘LAG?QAGR?B?QCJ‘MRP?@?JFMBC
    NCQOSGQ? . CQRSBM CV?KGLMS MQ CDCGRMQ BM QSNJCKCLRM LM NPMEP?K? BC RPCGL?KCLRM BC PCQGQR‘LAG? PC?​JG​X?BM NCJ?
    COSGNCBCDSRC@MJDCKGLGLMSLGTCPQGRŠPGMB??BGTGQŽM5GLRCKSJFCPCQN?PRGAGN?P?KNMPQCK?L?QBCSKNPMEP?K?
    BCRPCGL?KCLRMBCPCQGQR‘LAG?NCPGMBGX?BM?LRCQB?RCKNMP?B?"?B?SK?SRGJGXMSMQSNJCKCLRM?LRCQCBCNMGQBCA?B?
    QCQQŽM N™QQCK?L?Q PCNCRGŽMKŠVGK?1, N?P?QSNGLMC?E?AF?KCLRM?SKCLRMS.Q?SRMPCQAMLAJS”​P?K
    OSC M QSNJCKCLRM NPMKMTCS M ?SKCLRM B? DMP?  NCQOSGQ? PCQN?JB? ? ?¤PK?ŽM B? NPMN?E?LB? BC OSC CQQC
    QSNJCKCLRM?SKCLR??DMP?

    9A
    r CGJILN;HN? F?L ? =LCNC=;L I NL;<;FBI KO;HNI ‰ KO;FC>;>? ? ?V=†=C; >I >?M?HBI ?RJ?LCG?HN;F ? M? =?LNCV=;L >?
    KO? IM L?MOFN;>IM L?MJ;F>;G ;M =IH=FOM™?M  ,M MOD?CNIM MŠI GOFB?L?M ?
     JILN;HNI
     ;M =IH=FOM™?M JI>?G M?L
    A?H?L;FCT;>;M J;L; GOFB?L?M ?G C>;>? OHCP?LMCN†LC; -I>?G M?L A?H?L;FCT;>;M J;L; BIG?HM ? GOFB?L?M >?
    IONL;MC>;>?M3I=KO?MNCIH;I>?M?HBI?RJ?LCG?HN;F>I?MNO>I?MO;CHN?LJL?N;‹ŠI
    JICMHŠIB;PC;OGALOJI
    =IHNLIF?  IGI CMMI CHWO?H=C;LC; ;M =IH=FOM™?M >I ;LNCAI 0?G ALOJI =IHNLIF? M?LC; JIMMP?F >CMNCHAOCL ;
    =IHNLC<OC‹ŠI ?MJ?=V=; >I MOJF?G?HNI ? ; >I JLIAL;G; >? NL?CH;G?HNI " KO;HNI ;I OMI >I UJF;=?<I[ J;L;
    >?N?LGCH;L;CH​WOHZC;JMC=IF•AC=;HI;OG?HNI>?@IL‹;I<M?LP;>I"MM?M@;NIL?MNILH;G;FN;G?HN?MOMJ?CN;;
    =IH=FOMŠI>?KO?IMOJF?G?HNIB?L<†=?I;OG?HN;;@IL‹;

    6<
    /MPRCPQGBMAMPPCBMPSLGTCPQGRŠPGMCCQNCAG?JGQR?CKAG‘L​AG?BMCVCPA”AGM TMA‘DMGAF?K?BMNCJMAJS@CJMA?JBCAMPPGB?
    N?P?D?XCPN?PRCBM"MKGR‘BC.PE?LGX?ŽMBC"MPPGB?-MNPGKCGPMCLAMLRPMQM@PC?K?P?RML?​?LS?JBMAJS@C QSPEC
    ?NPCMASN?ŽMAMK?QNMRCLAG?GQ?DCACQMA?QGML?B?QNCJMA?JMP SK?TCXOSC?AMPPGB?QCPŠPC?​JG​X?B?LM¤KBCK?GM
    NMA?BM?LMOSCNMBCQCPOSCLRCCžKGB? ?NCQ?PBC?AMPPGB?QCPPC?​JG​X?B?CK2R+MSGQ ,GQQMSPG3MB?Q?QKCBGB?Q
    LCACQQŠPG?Q DMP?K BGQASRGB?Q AMLQGQRCLRCKCLRC AMK ? KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC /MQGRGML 2R?LB CK
    Y#MCL?QBMA?JMPNPMBSXGB?QNCJMCVCPA”AGM^ JKBGQQM CQRŽMBGQNML”TCGQMQ@?LFMQBCŠES?DPG?AMKECJMN?P?SQM
    B?OSCJCQAMKQSQNCGR?BCCV?SQRŽMMA?QGML?B?NMPA?JMPMSGLRCPK?ŽM4KKCK@PMBMAMKGR‘?¤PK?OSC N?P?Q?@CP
    QCSK?NCQQM?BCTCMSLŽMQCPGKCPQ?CKŠES?ECJ?B? ?KCBGB?B?RCKNCP?RSP??VGJ?P ?JKB?GLRCQRGL?JMSPCR?J BCTC
    QCPSQ?B?#GTCPQMQCBGDCPCLRCQKMLGRMPCQBCRCKNCP?RSP?QŽMNPMNMQRMQ MMSTGPD?J?PBM?QQSLRM TMA‘QCJCK@P?BC
    SKCQRSBMOSCOSCQRGMLMSMSQMBCKSGRMQBCQQCQBGQNMQGRGTMQ@?P?RMQN?P?KCBGP?RCKNCP?RSP?AMPNMP?J5MA‘BGX?M
    AMKGR‘OSCCVGQRCSK?NPCMASN?ŽMPC?JCOSC?JESLQAMPPCBMPCQNMBCKRCP?RCKNCP?RSP?QS@CQRGK?B?COSCAMKCQQC
    RGNMBCKRMBMBCRPG?ECKCKECP?JMRP?R?KCLRMNMBCLŽMQCPPC?​JG​X?BM.OSCTMA‘NPMNC

    9A
    IG=OC>;>I
    PI=L?PINL;<;FBIMI<L?IM>C@?L?HN?MGŒNI>IM>?G?>C>;OM;>IMJ;L;;P;FC;L;N?GJ?L;NOL;
    =ILJIL;F  3I= =IHVLG; KO?
     >? ;=IL>I =IG IM GŒNI>IM >? $;HCI    
     ;M N?GJ?L;NOL;M L?N;F

    A;MNLCHN?MNCH;F
     >; N?MN;
     IL;F
     N?GJIL;F
     ;RCF;L ? >; IL?FB; @IL;G G?>C>;M =IG >CMJIMCNCPIM OM;>IM =IG @L?​
    KOH=C; N?GJ?L;NOL;@ICG?>C>;;HN?M?;J•MGCH>;?HNL;>;H;=‡G;L;=FCG;NCT;>;
    ;=;>;GCH>OL;HN?
    ; =;GCHB;>; >?  GCH HI =;FIL ?G ?MN?CL; GINILCT;>;
     ? ; =;>;  GCH >OL;HN? I L?JIOMI >?  GCH ?G
    =IH>C‹™?M ;G<C?HN;CM <L;H>;M  ,M ;ONIL?M ;VLG;G KO? ; P;FC>;>? ? ; =IHV;<CFC>;>? >I >CMJIMCNCPI @IL;G
    ;P;FC;>;MJILP†LC;MG?>C>;M?MN;NMNC=;MJ;L;=IGJ;L;L;MG?>C>;M>?=;>;;J;L?FBI=IG;N?GJ?L;NOL;L?N;F
    2G>CMJIMCNCPI@IC=IHMC>?L;>ICHP†FC>IKO;H>IIPCŒ​MGŒ>CI>C@?L?H‹;GŒ>C;?HNL?;N?GJ?L;NOL;L?N;F?;>I
    >CMJIMCNCPI@ICMOJ?LCIL;d
    f ,M>CMJIMCNCPIMN?MN;>IMGIMNL;L;GIMM?AOCHN?ML?MOFN;>IMN?GJ?L;NOL;>;
    N?MN;
    f 
    N?GJ?L;NOL;IL;FOM;H>IOG;J;L?FBI>?<;CRI=OMNIX
    f 
    N?GJ?L;NOL;N?GJIL;FG?>C>;>?
    ;=IL>I =IG ; CHMNLO‹ŠI >I G;HO;F X
    f 
     N?GJ?L;NOL; N?GJIL;F OM;H>I OG; NŒ=HC=; GI>CV=;>; X
    f 

    N?GJ?L;NOL; IL;F OM;H>I OG ;J;L?FBI >? ;FNI =OMNI X


    f 
     N?GJ?L;NOL; >; IL?FB; X
    f 
     N?GJ?L;NOL;
    ;RCF;LOM;H>IOG>CMJIMCNCPI>?<;CRI=OMNIX
    f ?N?GJ?L;NOL;;RCF;LOM;H>IOG>CMJIMCNCPI>?;FNI=OMNIX
    
    f  G?>C>;>;N?GJ?L;NOL;CHN?MNCH;FN?P?OGPCŒMGŒ>CI>?X
    f J;LNCL>?MM?M>;>IM
    IKO?PI=
    MOA?LCLC;;I=IGCN>;=ILLC>;J;L;OM;L=IGIGIHCNIL>?N?GJ?L;NOL;.O;F>CMJIMCNCPIJI>?M?L=IHMC>?L;>I
    P†FC>IJ;L;N;FOMI=IGIJ;LN?>IJLIAL;G;>?M?AOL;H‹;>;=ILLC>;

    ! 

    A6DBF:D2xAC@8C6DD:G2A@:D?@G@D24925@D>F52>4@?DE2?E6>6?E6@>@5@4@>@2D4@:D2DDv@76:E2D6>56E6C>:?252​sC6252
    4:y?​4:25@6DA@CE666I6C4{4:@
    42A24:525656:?E6CAC6E2C6562G2=:2C2A6DBF:D26>4@?E6IE@x6DD6?4:2=A2C26?E6?56C62A=:42C@D24925@D
    ,2C:s​G6:D:?56A6?56?E6D6>A6DBF:D2Dv@2DG2​C:s​G6:D4@?EC@=252DA6=@A6DBF:D25@C
    ,2C:s​G6:D56A6?56?E6D6>A6DBF:D2Dv@2DG2​C:s​G6:D56C6DA@DE256F>6DEF5@

    ,>4@?E{?F@56A@DD:3:=:5256D
    "MK?BGTCPQGB?BCBCNMQQ”TCGQT?​PGŠ​TCGQGLBCNCLBCLRCQ RMBMQMQCQRSBMQQŽMBCNCLBCLRCQBCAMLRCVRM(QQMMOSCJCT?M
    Nž@JGAMJCGEM?QCAMLDSLBGPOS?LBMLMTMQCQRSBMQQSPECKCN?PCACKAMLRP?BGXCPMOSCQC?APCBGR?T?QCPTCPB?BCGPM#C
    D?RM  CQRSBMQ OSC AMLRP?BGXCK SK ?M MSRPM NMBCK QCP TCPB?BCGPMQ QM@ BGDCPCLRCQ AGPASLQR‹LAG?Q  MS QCH?  QM@ AMLHSLRMQ
    BGQRGLRMQBCT?​PGŠ​TCGQGLBCNCLBCLRCQ QQGK FŠSKAMLR”LSMBCNMQQG@GJGB?BCQL?GLRCPNPCR?ŽMB?NCQOSGQ?
    3?K@KGKNMPR?LRCRCPCKKCLRCMOSCOS?JG¤A?SKGL _ Gq”_ SMAMKMNCQOSGQ?BMP/CLQCLGQRMTMA‘AMLQGBCP?PG?SK
    TCPB?BCGPMAGCLRGQR?SK?NCQQM?OSCCQRSB?AG‘L​AG?QCJ‘CV?SQRGT?KCLRCNS@JGA?CQAGCLR”¤A?Q.STMA‘AMLQGBCP?PG?SK
    AGCLRGQR? M GL​BG​T”​BSM AMK AMLFCAGKCLRM CQNCAG?JGX?BM BC AG‘L​AG? OSC AML​RG​LS?KCLRC PC?​JG​X? NCQOSGQ? AMK ?NJGA?ŽM BC
    KRMBMAGCLR”¤AMN?P?PCQNMLBCP?LMT?QNCPESLR?QBCNCQOSGQ?QCNPMKMTCP?T?LMQLMA?KNM?JKBMOSCTMA‘HŠQ?@C
    ,SGRMQAMLQGBCP?PG?K?PC?​JG​X?ŽMB?NCQOSGQ?SK?A?P?ARCP”QRGA?GKNMPR?LRCBMTCPB?BCGPMAGCLRGQR?"MKMCQRCA?N”RSJM
    CLD?RGXMS ?CVNCPGKCLR?ŽMC?BGQQCKGL?ŽMBMQ?AF?BMQBCNCQOSGQ?QŽMAMKNMLCLRCQCQQCLAG?GQBMKRMBMAGCLR”¤AM
    QQGK TCPB?BCGPMQAGCLRGQR?QNPMBSXCKAG‘L​AG? RCMPG?QCFGN™RCQCQOSCBŽMMPGECK?NPGLA”NGMQCD?RMQAGCLR”¤AMQ

    #% @$%

     NCQOSGQ? BCQCKNCLF? SK GKNMPR?LRC N?NCJ LMQ ?T?LMQ BC RMB?Q ?Q NPM¤QQCQ .Q N?P?BGEK?Q B? NPŠRGA? QŽM
    BCQCLTMJTGBMQ AMK M SQM BC JCGQ  NPGLA”NGMQ  RCMPG?Q C AMLACGRMQ AGCLR”¤AMQ BCPGT?BMQ B? NCQOSGQ? JK B?Q JCGQ  ?
    GLRCPNPCR?ŽM C M BCQCLTMJTGKCLRM BC NPGLA”NGMQ  RCMPG?Q C AMLACGRMQ CQRŽM QSHCGRMQ  KSB?L?  HŠ OSC LMTMQ CQRSBMQ QŽM
    NS@JGA?BMQAMLQR?LRCKCLRC NCQOSGQ??KNJG?LMQQMAMLFCAGKCLRM?ACPA?BCSK?QQSLRMCPCQSJR?CKNPŠRGA?Q@?​QC?​B?Q
    LMKRMBMAGCLR”¤AM.QNP?RGA?LRCQB?AG‘L ^G?BMCQNMPRCCCVCPA”AGMNMBCKSQ?P?NCQOSGQ?N?P?¤A?PL?JGLF?BCDPCLRC
    BMAMLFCAGKCLRMCNPMBSXGP?T?LMQL?NPŠRGA?$LRCLBCP?NCQOSGQ?R?K@KNMQQG@GJGR???NPCAG?ŽMB?GKNPCQQGML?LRC
    OS?LRGB?BCBCAMLFCAGKCLRMOSCCVGQRCL?AG‘L​AG?BMCQNMPRCCCVCPA”AGM ?OS?JQCPŠBGQASRGB?LMQA?N”RSJMQQCESGLRCQ

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    MGLRCPNPCR?PD?RMQ RCMPG?QCNPGLA”NGMQ GKNMPR?LRCAMLQGBCP?P================ MS?QAMLBGCQQM@?QOS?GQ?Q
    M@QCPT?CQDMP?KDCGR?Q
    $K AG‘L​AG? BM CQNMPRC C CVCPA”AGM  ================== BCTC QCP SQ?BM N?P? RMK?P BCAGQCQ DSLB?KCLR?B?Q L?Q
    GLDMPK?CQK?GQ?NPMNPG?B?QBGQNML”TCGQ
    ======================QŽMD?RMQDSLB?KCLR?BMQCKM@QCPT?CQ CLŽMCKNCQOSGQ?AGCLR”¤A?
     =======================QŽMT?​PGŠ​TCGQK?LRGB?QAMLQR?LRCQ CQŽMBC¤LGB?QAMKM?QAMLBGCQBMCQRSBM CLOS?LRM
    T?​PGŠ​TCGQ===============QŽM?QKCBGB?QPC?​JG​X?B?Q
     =================== BC SK? KCBGB? ?T?JG? M OSŽM @CK KCBC M OSC QC NPCQSKC KCBGP
    CLOS?LRM==============?T?JG?MOSŽMAMLQGQRCLRCSK?KCBGB?BCRCKNMQCKRCKNMQ
    n8@5<8-1?/;84-
    0S?JNPMACQQM@SQA?PC?T?JG?PFGN™RCQC AMLACGRMQCNPGLA”NGMQ
    ? /PMACQQMAGCLR”¤AM
    @ /PMACQQMGRCP?RGTM
    A /PMACQQMBCPCTGQŽMNMPN?PCQ
    B /PMACQQMAMPPCJ?AGML?J
    C /PMACQQMOS?LRGR?RGTM
    0S?JB?QQCESGLRCQMNCQMKCJFMPCVCKNJMBCBCQCLFMBCNCQOSGQ?OS?JGR?RGT?
    ? 3?K?LFMCAMKNMQGŽMAMPNMP?JBCHME?BMPCQB?-%+
    @ .QCDCGRMQBMRPCGL?KCLRMQM@PCMBCQCKNCLFML?AMPPGB?BCPCQGQR‘LAG?
    A ?T?JG?ŽMB?Q?RGRSBCQBC?RJCR?QDCKGLGL?QCKPCJ?ŽM?RPCGL?BMPCQBMQCVMK?QASJG​LM
    B .QCDCGRMQBCQCK?L?QBCRPCGL?KCLRML?DMP?​KSQASJ?P
    C PCJ?ŽMCLRPCDMP?CR?K?LFM​KSQASJ?P
    /?P?OSC?NCQOSGQ?QCRMPLCN?PRCB?JGRCP?RSP?AGCLR”¤A?CJ?BCTC
    ? /?QQ?PNMPSKNPMACQQMBCPCTGQŽMNMPN?PCQ
    @ 2CP?ACGR?NCJMCBGRMPBMNCPG™​BGAM
    A $QR?PJGTPCBCBCDCGRMQD?R?GQ
    B 2CPAMLQGBCP?B??BCOS?B?N?P?MNCPG™​BGAMCQNCA”¤AM
    C 3MB?Q?QPCQNMQR?Q?LRCPGMPCQ
     0S?JB?QQCESGLRCQ?¤PK?RGT?QTCPB?BCGP?CKPCJ?ŽMQT?mGŠqCGQBCNCLBCLRCQ
    ? 5?PGŠ​TCGQBCNCLBCLRCQQŽMAMLRPMJ?B?QNCJMQNCQOSGQ?BMPCQ
    @ 5?PGŠ​TCGQBCNCLBCLRCQQŽM?JRCP?B?QN?P?M@QCPT?PAMKM?DCR?K?QT?​PGŠ​TCGQGLBCNCLBCLRCQ
    A 5?PGŠ​TCGQBCNCLBCLRCQR?K@KQŽMAF?K?B?QBCT?​PGŠ​TCGQBCAMLDSQŽM
    B 5?PGŠ​TCGQBCNCLBCLRCQQŽMK?LRGB?QAMLQR?LRCQLMCQRSBM
    C 5?PGŠ​TCGQBCNCLBCLRCQQŽM?QT?​PGŠ​TCGQBCPCQNMQR?BMCQRSBM
     0S?JB?QMNCQ?QCESGPAMLQRGRSGMKCJFMPCVCKNJMBCSK?T?​PGŠ​TCJBCNCLBCLRCCKSKCQRSBMOSC?T?JG??QPCQNMQR?Q
    ?SKNPMEP?K?BCRPCGL?KCLRM
    ? 2CVM
    @ (B?BC
    A 3CKNCP?RSP??K@GCLR?J
    B %MP?KŠVGK?N?P?PCNCRGŽM
    C JRGRSBC
    )1>0-015>;;A2-8?;
    vNMQQ”TCJAMLBSXGPMCQRSBMNCPDCGRM
    .TGQQCKNPCJCT??PCQNMQR?QCPP?B?QN?P?SK?OSCQRŽM
    -?PCTGQŽMBSNJM ACE? MQ?SRMPCQQ?@CKOSCKQŽMMQPCTGQMPCQ
     -MNPMACQQMBCPCTGQŽMNMPN?PCQ BCPCQNMLQ?@GJGB?BCBMQPCTGQMPCQ?ACGR?PMSPCHCGR?PMRP?@?JFM CLOS?LRMMCBGRMP
    D?XPCAMKCLB?CQN?P???ACGR?ŽMMSPCHCGŽM
     -MK?LSQAPGRMAGCLR”¤AM ?QCŽMBCGLRPMBSŽMBCTCAMLRCP?BCAJ?P?ŽMAJ?P?BMNPMN™QGRMB?NCQOSGQ?
    $A1?@m1?;.61@5B-?;A2-e--/;>>1?<;:0g:/5-
    $VNJGOSCQC?NCQOSGQ?@ŠQGA?MS??NJGA?B??K?GQGKNMPR?LRCL?AG‘L​AG?BMCQNMPRCCCVCPA”AGM
    $VNJGOSCAMKMMKRMBMCKN”PGAMRCKC¤AŠAG?LMKRMBMAGCLR”¤AM NMBCLBM NMPK QCPSQ?BMAMKMSKKRMBM
    LŽMAGCLR”¤AM
    $VNJGOSC M NPMN™QGRM B? QCŽM BC BGQASQQŽM BC SK K?LSQAPGRM AGCLR”¤AM C CQNCAG¤OSC OS?GQ GLDMPK?CQ CJC BCTC
    AMLRCP
     %???AMPPCQNMLB‘LAG?BMQRCPKMQ?QCESGPAMK?BC¤LGŽMAMPPCR?
    *5?B91 #?BMQ M@QCPT?AGML?GQ OSC QŽM AML¤PK?BMQ PCNCRGB?KCLRC NMP KSGRMQ M@QCPT?BMPCQ
    AMKNCRCLRCQCGLBCNCLBCLRCQ
    9@sD5C5 $QRPSRSP?AMLACGRS?JBCGBCG?QMSCQ​NCASJ?CQ?PCQNCGRMBCBCRCPKGL?BM?QQSLRMOSCNMBC
    MSLŽMCQR?PDSLB?KCLR?BMCKD?RMQCVNCPGKCLR?GQ
    1D? $VNJGA?ŽMBCSKNPMACQQM¤QGMJ™EGAMMSBGPCRPGXCQOSCBCTCKQCPQCESGB?QN?P??
    PC?​JG​X?ŽM​GBC?JBCSK?R?PCD?
    &B9>3o@9? /?JNGRCCBSA?BMBMOSCQCNMBCCQNCP?POSC?AMLRC?
     %???AMPPCQNMLB‘LAG?BMQRCPKMQ?QCESGPAMKQS?QBC¤LGCQAMPPCR?Q
    ED?B94145 "?N?AGB?BCBCQ?@CP?JESK?AMGQ?QCKP?XŽM
    *5>D1D9F15 1CQNMQR?BCSK?NCPESLR?@?​QC?​B?LMOSCQCKNPCDMGDCGRM
    5BB?
    *B149kj? 3CLR?RGT?BCSK??ŽMN?P?M@QCPT?PQCNPMBSXMSLŽMMPCQSJR?BMBCQCH?BM
    >DE9kj? /PCDCP‘LAG?OSCNMBCGLG@GPPCQNMQR?QGKN?PAG?GQB?QNCPESLR?Q
    ,9l​C /CQQM?OSCPCQNMLBCSK?NCPESLR?@?​QC?​B?CKOS?JG¤A?CQCMSPCJCT‹LAG?FGQR™PGA?

    "#&

    ?>{129<94145A?N?AGB?BCBMQPCQSJR?BMQBMRCQRCBCNPMBSXGPAMLQGQR‘LAG?BCSK?KCBGB?CKRCKNMQBGDCPCLRCQ
    ?B@?453?>8539=5>D??QMK?BCCQRSBMQNS@JGA?BMQQM@PCSK?QQSLRM
    1D?CB?BMQM@QCPT?AGML?GQAML¤PK?BMQPCNCRGB?QTCXCQCNMPKSGRMQM@QCPT?BMPCQGLBCNCLBCLRCQCAMKNCRCLRCQ
    9@sD5C5KCJFMPN?JNGRCB?PCQNMQR??SK?OSCQRŽMDSLB?KCLR?B?LMAMLFCAGKCLRMCVGQRCLRC
    #lD?4?395>Do{3?AMLHSLRMBCCR?N?QMPE?LGX?B?QN?P?RCQR?PFGN™RCQCQCPCQNMLBCP?NCPESLR?QBCNCQOSGQ?SQ?B?QN?P?
    BCQCLTMJTCPMAMPNMBCAMLFCAGKCLRML?JGRCP?RSP?AGCLR”¤A?
    %2C5BF1kj?1>54sD931D?RMQDSLB?KCLR?BMQCKM@QCPT?CQA?QS?GQ CLŽMCKCQRSBMQAGCLR”¤AMQPGEMPMQMQ
    &5CAE9C145C3B9D9F1NCQOSGQ?OSCCV?KGL?SK?QQSLRM K?QLŽM?QP?XCQNCJ?QOS?GQMAMPPC
    &5CAE9C1?B979>1<SKLMTMNPMHCRMBCNCQOSGQ?OSCSRGJGX?MKRMBMAGCLR”¤AMMOS?JECP?LMTMQB?BMQDSLB?KCLR?BMQ
    LMRCQRCBCFGN™RCQC
    &BgD93121​C51​415=5F94m>391CSK??@MPB?ECKL?OS?J?KCJFMPCTGB‘LAG?NMQQ”TCJ MS?QGLDMPK?CQK?GQ?NPMNPG?B?Q
    BGQNML”TCGQ SQ?B?N?P?RMK?PBCAGQCQ
    &B9>3o@9?CD?RMQBCPGT?BMQBCRCMPG?QLŽMNPMNCLQ?QKSB?L?
    &B?35CC?45B5F9Cj?@?B@1B5CNPMHCRMBCNCQOSGQ?NS@JGA?BMQS@KCRGBM?MNPMACQQMBCPCTGQŽMN?PC?B?
    &E2#54 KCA?LGQKM BC NCQOSGQ? SQ?BM L?Q AG‘L​AG?Q KBGA?Q OSC AMLQRGRSG SK QCPTGM B? 42 -?RGML?J +G@P?PW MD
    ,CBGAGLCCCLEJM@?K?GQBCKGJFCQBCAGR?CQBCNCPG™​BGAMQ@GMKBGAMQCBCAG‘L​AG?QB?TGB? GLAJSQGTCPCTGQR?QBC
    AG‘L​AG?BMCVCPA”AGM
    (5F9Cj?3571NPMACQQMBCPCTGQŽMNMPN?PCQLMOS?JMQ?SRMPCQBMRP?@?JFMLŽMQ?@CK?GBCLRGB?BCBMQPCTGQMPCQ NMPK
    MQPCTGQMPCQAMLFCACK?BMQ?SRMPCQ
    (5F9Cj?4E@<?3571NPMACQQMBCPCTGQŽMNMPN?PCQLMOS?JMQ?SRMPCQLŽMQ?@CKOSCKQŽMMQPCTGQMPCQCMQPCTGQMPCQLŽM
    Q?@CKOSCQŽMMQ?SRMPCQ
    )@?BD9C3EC@?LAMBCB?BMQBCNCPG™​BGAMQCKKCBGAGL?CQNMPRGT? @CK CQR?P Q?ž​BCCCQNMPRC
    *5?B91 CQRPSRSP? AMLACGRS?J BC GBCG?Q C CQ​NCASJ?CQ ? PCQNCGRM BC BCRCPKGL?BM ?QQSLRM  @?​QC?​B?  GBC?JKCLRC  CK D?RMQ
    CVNCPGKCLR?GQ
    ,1<94145A?N?AGB?BCBCSKRCQRCCKKCBGPMOSCQCNPMNC?KCBGP
    ,1B9g​F59C45@5>45>D5CKCBGB?QDCGR?QBSP?LRCSKNPMHCRMBCNCQOSGQ?
    ,1B9g​F59C9>45@5>45>D5CT?​PGŠ​TCGQAMLQR?LRCQCBC¤LGB?QAMKM?QAMLBGCQBMCQRSBM

    "?#

     !?SKE?PRLCP3 2RPMLE"'"MLBSARGLE?LB1C?BGLE1CQC?PAFGL'C?JRF?LB'SK?L/CPDMPK?LAC#S@SOSC ( 


    6K "!PMUL!CLAFK?PI 
     !CPE*$ +?RGL16$QQCLRG?JQMD1CQC?PAF,CRFMBQGL'C?JRF /FWQGA?J$BSA?RGML $VCPAGQC2AGCLAC?LB1CAPC?RGML
    LBCB!?JRGKMPC ,#+GNNGLAMRR6GJJG?KQ6GJIGLQ 
     &?LGM,2 !PMUL", "?Q?#) CR?J5?JGBGRW?LBPCJG?@GJGRWMDBCTGACQRF?R?QQCQQ@MBWRCKNCP?RSPCBSPGLEGLBMMP
    CVCPAGQCGLRFCFC?R) RFJ3P?GL Z
     ,A-CGJ# %JWLL, ,CRFMBQMDBC¤LGLE@CQRNP?ARGACDMPNMNSJ?RGMLFC?JRF?NNPM?AFCQUGRFM@CQGRWNPCTCLRGML
    ?Q?LCV?KNJC/PMA-SRP2MA Z
     /CQA?RCJJM +2  %P?LIJGL !  %?E?PB 1  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB $VCPAGQC ?LB
    FWNCPRCLQGML,CB2AG2NMPRQ$VCPAZ
     /CQA?RCJJM +2  %P?LIJGL !  %?E?PB 1  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC KCPGA?L "MJJCEC MD 2NMPRQ
    ,CBGAGLCNMQGRGMLQR?LB$VCPAGQC?LBFWNCPRCLQGML,CB2AG2NMPRQ$VCPA Z
     1M@CPEQ1 &FG?QT?LB% /?PICP#!GMAFCKGQRPWMDCVCPAGQC GLBSACBKCR?@MJGA?AGBMQGQ K)/FWQGMJ1CESJ(LRCEP
    "MKN/FWQGMJ1Z
     5MJCI )2  1?UQML $2 2AGCLRG¤A @?QGQ ?LB NP?ARGA?J ?QNCARQ MD APC?RGLC QSNNJCKCLR?RGML DMP ?RFJCRCQ -SRPGRGML
    Z

    
    #SBJCW &  %JCAI 2) 1CQC?PAFcPC?BGLE ?LB SLBCPQR?LBGLE RFC PCQSJRQ QCARGML K?HMP AMLACNRQ ?LB AMKNMSLBQ
    -?RGML?J2RPCLERF"M?AFCQ QQMAG?RGML)MSPL?J Z
    *P?CKCP6)1CQC?PAFc1C?BGLE?LBSLBCPQR?LBGLERFCQR?PRCPQRCNQ-?RJ2RPCLERF"M?AFCQ QQMA) Z
    2GDDR ), 1CQC?PAFcPC?BGLE ?LB SLBCPQR?LBGLE ESGBCJGLCQ DMP QCJCARGLE ? Q?KNJC -?RJ 2RPCLERF "MLB QQMA )
     Z
    2GDDR),1CQC?PAFcPC?BGLE?LBSLBCPQR?LBGLEQR?RGQRGAQDMPQNMPRNCPDMPK?LACZ@?QGAGLDCPCLRG?J?L?JWQGQ-?RJ2RPCLERF
    "MLB QQMA) Z
    2GDDR ), 1CQC?PAFcPC?BGLE ?LB SLBCPQR?LBGLE  QR?RGQRGAQ DMP QNMPR NCPDMPK?LACc@?QGA GLDCPCLRG?J ?L?JWQGQ -?RJ
    2RPCLERF"MLB QQMA) Z
    2GDDR),1CQC?PAFcPC?BGLE?LBSLBCPQR?LBGLESRGJGXGLEBCQAPGNRGTCQR?RGQRGAQGLQNMPRNCPDMPK?LAC-?RJ2RPCLERF"MLB
    QQMA) Z
    2GDDR ), 1CQC?PAFcPC?BGLE ?LB SLBCPQR?LBGLE  SRGJGXGLE BCQAPGNRGTC QR?RGQRGAQ GL QNMPR NCPDMPK?LAC -?RJ 2RPCLERF
    "MLB QQMA) Z
    2GDDR ),  *P?CKCP 6) 1CQC?PAFcPC?BGLE ?LB SLBCPQR?LBGLE GLRPMBSARGML  PCTGCU MD JGRCP?RSPC ?LB KCRFMBQ -?RJ
    2RPCLERF"M?AFCQ QQMA) Z
    2R?PAI  %JCAI 2 1CQC?PAFcPC?BGLE ?LB 4LBCPQR?LBGLE RFC BGQASQQGML QCARGML -?RJ 2RPCLERF "M?AFCQ QQMA )
     Z
    3GNRML",/S@JGQFGLEGLNCCP PCTGCUCBHMSPL?JQ%SLB?KCLR?JQDMPLCUGLTCQRGE?RMPQ/FWQGMJMEGQR  Z
    

    .+
    "MFCL ) 2R?RGQRGA?J /MUCP L?JWQGQ DMP RFC !CF?TGMP?J 2AGCLACQ LB CB 'GJJQB?JC  -) +?UPCLAC $PJ@?SK QQMAG?RCQ
    /S@JGQFCP(LA 
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      !?N?LGCH;LKO;CMMO<MNL;NIMG?N;<•FC=IMJL?>IGCH;G>OL;HN?IMJ?LI​>IM>?L?JIOMI??R?L==CI
      "HN?H>?L;JLI>O‹ŠI>??H?LAC;;J;LNCL>IMCMN?G;>INLC@IM@;NI>?;>?HIMCH; @IM@I=L?;NCH;
    >;AFC=•FCM??
    >IMMCMN?G;M;?L•<CIM
      "RJFC=;L;M;>;JN;‹™?M>?=;>;MCMN?G;>??H?LAC;KO?;=IGJ;HB;INL?CH;G?HNI
      !?N?LGCH;LKO;CMMO<MNL;NIM?H?LAŒNC=IMJL?P;F?=?G>OL;HN?IM>C@?L?HN?MJLINI=IFIM>??R?L==CI
      "HN?H>?L;CHN?L;‹ŠI?HNL?IG?N;<IFCMGI;?L•<CI?;H;?​L•<CI>OL;HN?I?R?L==CI
      !C@?L?H=C;L;MNŒ=HC=;M>CL?N;M?CH>CL?N;M>?=;FILCG?NLC;
      !?M=L?P?L;M;>;JN;‹™?M;?L•<C;M?;H;?L•<C;M;I?R?L==CI
      "RJFC=;L;@OH‹ŠIG?N;<•FC=;>;L?=OJ?​L;‹ŠI

    ) ? PI= ?MN† >ILGCH>I IO ;=IL>;>I


     M?>?HN†LCI IO L?;​FC​T;H>I OG; ;NCPC>;>? @MC=;
     Œ
    JL?=CMI ?H?LAC; J;L; G;HN?L MO;M @OH‹™?M =ILJIL;CM  FŒG >CMMI
     ;I JL;NC=;L
    ;NCPC>;>?M @MC=;M
     IM ​GšM=OFIM JL?=CM;G >? ?H?LAC; J;L; A?L;L @IL‹; ? JLI>OTCL
    GIPCG?HNI =ILJIL;F  -LI>ONIM ;HCG;CM ? P?A?N;CM =IHMOGC>IM H; @ILG; >? ;FCG?HNIM
    =IHMNCNO?G I =IG<OMNP?F KO? ;<;MN?=? I =ILJI BOG;HI =IG ?H?LAC;  , JLI=?MMI KO​
    GC=I >? =IHP?LMŠI >I ;FCG?HNI ?G ?H?LAC; Œ >?HIGCH;>I >? 18>4=4A6tC820 IO
    <4C01>;8B<> "MM?JLI=?MMIŒMCGCF;L?G;FAOHM;MJ?=NIM‰KO?CG;>?G;>?CL; -;L;;
    KO?CG;>;G;>?CL;?J;L;;=IHP?LMŠI>IM;FCG?HNIM?G?H?LAC;šNCFJ?FI=ILJIBOG;HI
    ŒJL?=CMIIRCAHCI !OL;HN??MM?MJLI=?MMIM
    I=ILL?>?AL;>;‹ŠI>?FCA;‹™?MKO​GC=;M?
    FC<?L;‹ŠI>??H?LAC; .O;H>I;G;>?CL;KO?CG;
    ;?H?LAC;ŒFC<?L;>;H;@ILG;>?=;FIL?
    FOT B† JLI>O‹ŠI >? @OG;‹; IO †AO;
     >C•​RC>I >? =;L<IHI  , ? =CHT;M  .O;H>I I
    ;FCG?HNIŒG?N;<IFCT;>I
    N;G<ŒGB†A?L;‹ŠI>?=;FIL
    ?H?LAC;
    †AO;? ,
    rJL?=CMI=IGJL??H>?LJILCHN?CLI;<CI?H?LAŒNC=;J;L;?HN?H>?L=IGII=ILJIBOG;HI
    ;N?H>? ‰M MO;M H?=?MMC>;>?M ?H?LAŒNC=;M ?G L?JIOMI ? >OL;HN? ; ;NCPC>;>? @MC=;
     J;L;
    M;<?L JIL KO? ;FAOHM ;FCG?HNIM MŠI JL?@?L?H=C;FG?HN? OM;>IM HI G?N;<IFCMGI >OL;HN?
    P†LC;MN;L?@;M@MC=;M?J;L;=IHB?=?L;FAOG;M>;M=;OM;M>?@;>CA;>OL;HN?;L?;​FC​T;‹ŠI
    >? OG; N;L?@; @MC=;  FŒG >CMMI
     Œ H?=?MM†LCI =IHB?=?L ; <CI?H?LAŒNC=; J;L; ?HN?H>?L
    =IGJF?N;G?HN?I=IHNLIF?>IJ?MI=ILJIL;F?GFIHAIJL;TI?JILKO?ŒJIMMP?FA;HB;L
    AIL>OL;=IG?H>IGOCNINI>INCJI>?;FCG?HNI ,JLIJ•MCNI>?MN?=;JNOFIŒCHNLI>OTCLIM
    =IH=?CNIM <†MC=IM ? ?MJ?=V=IM L?F;=CIH;>IM =IG ; <CI?H?LAŒNC=; ? GIMNL;L =IGI ?MM;
    ;@?N;I>?M?GJ?HBI@MC=I
    >=C4B344=4A680

     JSX BM QMJ  ? NPGLAGN?J DMLRC BC CLCPEG? BM NJ?LCR? Q NJ?LR?Q OSC D?XCK DMRMQQ”LRCQC SRGJGX?K ? CLCPEG? B? JSX CK
    PC?CQOS”​KGA?QOSCNPMBSXCKA?P@MGBP?RMQL?DMPK?BC?žA?PCQQGKNJCQ2CPCQFSK?LMQC?LGK?GQAMKCKTCECR?GQC
    MSRPMQ ?LGK?GQ N?P? M@RCP ?JGKCLRM C CLCPEG? LCACQQŠPG? ? ¤K BC K?LRCP ?Q DSLCQ AMPNMP?GQ  CLCPEG? ?NPCQCLR?
    GLžKCPMQ RGNMQ  AMKM OS”​KGA?  CJRPGA?  RPKGA? C KCA‹LGA?  C A?B? SK? BCJ?Q NMBC QCP AMLTCPRGB? CK MSRPM RGNM BC
    CLCPEG?2CLŽMDMQQCNMQQ”TCJAMLTCPRCPSKRGNMBCCLCPEG?CKMSRP? ?RP?LQDMPK?ŽMBM?JGKCLRMCKCLCPEG?AMPNMP?J
    žRGJLŽMMAMPPCPG?/MPCVCKNJM NMPKCGMB?QTG?QKCR?@™JGA?Q ?QAJSJ?QLMAMPNMAMLTCPRCKCLCPEG?OS”​KGA?L?DMPK?
    BC JGE?CQ OS”​KGA?Q CK EMPBSP?  A?P@MGBP?RM C NPMRC”​L? CK CLCPEG? KCA‹LGA?  PCQSJR?LBM CK AMLRP?ŽM ​KSQASJ?P C
    KMTGKCLRMAMPNMP?J
    LRCQ BC BGQASRGP M KCR?@MJGQKM   GKNMPR?LRC RCP ?JESK?Q GLDMPK?CQ QM@PC ?Q QS@QR‹LAG?Q MPE‹LGA?Q OSC NMBCKMQ
    KCR?@MJGX?P3?K@KCQQCLAG?JCLRCLBCPNMPOSC?QCLXGK?QQŽMLCACQQŠPG?QN?P?M@RCPCQQ?DSLŽMB?CLCPEG?LMAMPNM
    NMPKCGMBMQKCA?LGQKMQ?CP™@GMQC?L?CP™@GMQ

    2C3@:5C2E@D
    .Q A?P@MGBP?RMQ ?PK?XCL?BMQ LM AMPNM DMPLCACK SK? PŠNGB? C NPMLR?KCLRC BGQNML”TCJ DMLRC BC CLCPEG? $QQCQ
    A?P@MGBP?RMQ QŽM CLAMLRP?BMQ CK  DMPK?Q KMLMQQ?A?P”BGMQ  BGQQ?A?P”BGMQ C NMJGQQ?A?P”BGMQ .Q KMLMQQ?A?P”BGMQ QŽM
    ?žA?PCQQGKNJCQAMKMEJGAMQC DPSRMQC?žA?PB?DPSR? CE?J?ARMQC?žA?PBMJCGRC 3MBMQMQ?žA?PCQQGKNJCQAMLR‘K
    KMJASJ?Q BC A?P@MLM CK SK? CQRPSRSP? ?LCJ?P %GESP?   /?P? ¤LQ KCR?@™JGAMQ  ? EJGAMQC  M ?žA?P QGKNJCQ K?GQ
    GKNMPR?LRC C ? žLGA? DMPK? BC A?P@MGBP?RM OSC NMBC QCP KCR?@MJGX?B? BC K?LCGP? BGPCR? N?P? M@RCLŽM BC CLCPEG?
    $K@MP?MRP?RMBGECQRGTMNMQQ??QQGKGJ?PKMLMQQ?A?P”BGMQ?N™Q??@QMPŽM MSRPMQ?žA?PCQQGKNJCQQŽMAMLTCPRGBMQNCJM
    D”E?BMCKEJGAMQC.RCPKMY?žA?PBMQ?LESC^PCDCPC QCEJGAMQC

    86DA0  %B<>=>BB020Aw38>BBr>2><?>BC>B?>AoC><>B3420A1>=> 34783A>6u=8>434>G86u=8>


    4< D<0 4BCADCDA0 0=4;0A 34  20A1>=>B 4< 3854A4=C4B 0AA0=9>B !?GIHMNL;‹ŠI >IM GIHIMM;=;L>CIM AFC=IM?

    @LONIM? ? A;F;=NIM?  ,<M?LP? ;M >C@?L?H‹;M HI ;LL;HDI >IM †NIGIM >?MM?M GIHIMM;=;L>CIM  ;>; GIFŒ=OF; >?
    =;L<IHIJL?=CM;N?LOGNIN;F>?FCA;‹™?MKO​GC=;M

    .QBGQQ?A?P”BGMQQŽMAMKNMQRMQNMPKMLMQQ?A?P”BGMQ/MPCVCKNJM KMJASJ?QBCEJGAMQCNMBCKQCAMK@GL?PN?P?
    DMPK?P K?JRMQC MS EJGAMQC C DPSRMQC NMBCK QC ?QQMAG?P N?P? DMPK?P Q?A?PMQC ?žA?P BC KCQ?  %GESP?   $K@MP? MQ
    BGQQ?A?P”BGMQQCH?KAMLQSKGBMQLMQ?JGKCLRMQOSCAMKCKMQ CJCQNPCAGQ?KQCPBCEP?B?BMQCKKMLMQQ?A?P”BGMQLMRP?RM
    BGECQRGTM?LRCQBCQCPCK?@QMPTGBMQL?AMPPCLRCQ?LES”​LC?
    86DA0   (4?A4B4=C0sr> 30 ?A>3Dsr> 3> 38BB020Aw38> <0;C>B4 0 ?0AC8A 34  <>;t2D;0B 34 6;82>B4 "MM;
    L?;‹ŠIŒ=B;G;>;>?9898
    JICMB†JLI>O‹ŠI>?GIFŒ=OF;>?†AO; L?;‹ŠIN;G<ŒGJI>?
    I=ILL?L;I=IHNL†LCI
    JLI>OTCH>IGIFŒ=OF;M>?AFC=IM?
    IKO?M?NL;N;>?OG;L?;‹ŠI>?BC>L•FCM?
    JICMGIFŒ=OF;
    >?†AO;ŒH?=?MM†LC;

    .Q NMJGQQ?A?P”BGMQ QŽM A?P@MGBP?RMQ AMKNJCVMQ AMKNMQRMQ BC  ? KSGR?Q ACLRCL?Q BC KMLMQQ?A?P”BGMQ . ?KGBM C ?
    ACJSJMQC QŽM  BMQ NMJGQQ?A?P”BGMQ TCECR?GQ K?GQ AMKSLQ . ?KGBM  CLAMLRP?BM CK EPŽMQ C CK KSGRMQ MSRPMQ ?JGKCLRMQ
    TCECR?GQSQS?GQ AMLQCESCQCPBGECPGBMNCJMQQCPCQFSK?LMQ MOSCLŽM?AMLRCACAMK?ACJSJMQC ?OS?JAMLQRGRSGN?PRCB?Q
    ¤@P?QB?BGCR?OSCQŽMCVAPCR?B?QAMKMK?RPG?DCA?J/MPQCPBGECP”TCJ M?KGBM?@QMPTGBMNCJMRP?RMBGECQRGTML?DMPK?
    BCKMLMQQ?A?P”BGMQ NMBCLBMQCPGKCBG?R?KCLRCSQ?BMN?P?M@RCLŽMBCCLCPEG?MS?PK?XCL?BML?DMPK?BCEJGAME‘LGM
    .7<93?7m>9?LŽMCLAMLRP?BMLMQTCECR?GQC?DMPK?BCNMJGQQ?A?P”BGML?OS?JMQ?LGK?GQ?PK?XCL?KA?P@MGBP?RM.
    EJGAME‘LGMAMKNMQRMBCACLRCL?Q?KGJF?PCQBCKMJASJ?QBCEJGAMQCJGE?B?Q%GESP? "MLDMPKCKCLAGML?BM ?N™Q?
    ?@QMPŽMNCJMRP?RMBGECQRGTM RMBMQMQ?žA?PCQQGKNJCQQŽMAMLTCPRGBMQNCJMD”E?BMCKEJGAMQC EJGAMQCNMBCQCPJG@CP?B?
    L?AMPPCLRCQ?LES”​LC?L?DMPK?BC?žA?PMS?QKMJASJ?QBCEJGAMQCNMBCKQCAMK@GL?PLMD”E?BMMSLMRCAGBM​KSQASJ?P
    N?P? DMPK?P EJGAME‘LGM NMP KCGM BM NPMACQQM AF?K?BM 7<93?7m>5C5 Q AJSJ?Q BM AMPNM NMBCK KCR?@MJGX?P ? EJGAMQC
    JG@CP?B?L?AMPPCLRCQ?LES”​LC?MSSQŠ J?L?EJGAME‘LCQCC?PK?XCL?PMEJGAME‘LGMN?P?LCACQQGB?BCQKCR?@™JGA?QDSRSP?Q
    #SP?LRCMCVCPA”AGM ?QKMJASJ?QBCEJGAMQCNMBCKQCPPCKMTGB?QBMEJGAME‘LGMLMD”E?BM CKSKNPMACQQMBCLMKGL?BM
    BC7<93?75>s<9C5 CJG@CP?B?QL?AMPPCLRCQ?LES”​LC? DMPLCACLBMEJGAMQCAMKMQS@QRP?RMKCR?@™JGAMN?P??QMSRP?QAJSJ?Q
    BMAMPNM

    86DA0  %6;82>6u=8>t2><?>BC>?>A203480B;>=60B40;C0<4=C4A0<8J2030B3><>=>BB020Aw38>6;82>B4
    ;>;OG;>;M  ..%
    %!! L?JL?M?HN;OG;GIFŒ=OF;>?AFC=IM?

    EJGAMQCCMEJGAME‘LGMQŽMMQA?P@MGBP?RMQGKNMPR?LRCQN?P?MKCR?@MJGQKMCKPCNMSQMCBSP?LRCMCVCPA”AGM#SP?LRC
    MCVCPA”AGM ?QAJSJ?Q​KSQASJ?​PCQNMBCKM@RCPEJGAMQC?@QMPTCLBM ?B?AMPPCLRCQ?LES”​LC?MSNMPKCGMB?EJGAMECL™JGQC
    BMQCQRMOSCQ​KSQASJ?​PCQBCEJGAME‘LGM JKBGQQM ?EJGAMECL™JGQCLMD”E?BMNMBCK?LRCPMQL”TCGQBCEJGAMQCQ?LES”​LC?
    BSP?LRC M CVCPA”AGM C LMQ KMKCLRMQ BC PCNMSQM CLRPC ?Q PCDCGCQ -M CLR?LRM  CVGQRCK OS?LRGB?BCQ PCJ?RGT?KCLRC
    NCOSCL?QBCEJGAME‘LGM?PK?XCL?BMLMD”E?BMCCKMSRP?QAJSJ?QBMAMPNMCKAMKN?P?ŽMAMKMQCQRMOSCQBM​KžQASJM
    CQOSCJRGAM

    @C5FC2D
    QEMPBSP?QCLAMLRP?B?QL?DMPK?BCRPGEJGACP”BGMQQŽMKSGRM?@SLB?LRCQLMAMPNMCNMBCKQCPKCR?@MJGX?B?Q?¤KBC
    NPMBSXGP CLCPEG? Q EMPBSP?Q CQRŽM AMLRGB?Q LMQ RCAGBMQ ?LGK?GQ C TCECR?GQ .Q ŠAGBMQ EP?VMQ C MQ RPGEJGACP”BGMQ QŽM 
    EMPBSP?QGKNMPR?LRCQN?P?MKCR?@MJGQKM
    .g394?7B1H?AMLRKSKLžKCPMN?PBC?ŠRMKMQBCA?P@MLMJGE?BMQCKA?BCG?%GESP? .QŠAGBMQEP?VMQ
    R‘K  EPSNM ŠAGBM "..'  C  EPSNM KCRGJ? "'  L?Q CVRPCKGB?BCQ MNMQR?Q B? A?BCG? BC A?P@MLM .Q ŠAGBMQ EP?VMQ
    NMBCKQCPAJ?QQG¤A?BMQAMKMQ?RSP?BMQ GLQ?RSP?BMQ KMLMGLQ?RSP?BMQMSNMJG GLQ?RSP?BMQ QEMPBSP?QQŽMQ?RSP?B?QMS
    GLQ?RSP?B?Q QEMPBSP?QGLQ?RSP?B?QNMBCK ?GLB? QCPA?RCEMPGX?B?QAMKMKMLMGLQ?RSP?B?QMSNMJG GLQ?RSP?B?Q.g394?
    7B1H? C1DEB14?  ?OSCJC OSC AMLRK ? OS?LRGB?BC KŠVGK? BC ŠRMKMQ BC FGBPME‘LGM C LCLFSK? JGE?ŽM BSNJ? %GESP?
      CLOS?LRM M g394? 7B1H? 9>C1DEB14? LŽM AMLRK ? OS?LRGB?BC KŠVGK? BC ŠRMKMQ BC FGBPME‘LGM C ?NPCQCLR?  NCJM
    KCLMQ   JGE?ŽM BSNJ? CLRPC ?Q KMJASJ?Q BC A?P@MLM %GESP?   .Q ŠAGBMQ EP?VMQ =?>?9>C1DEB14?C C @?<9
    9>C1DEB14?C?NPCQCLR?KNCJMKCLMQCK?GQBC PCQNCARGT?KCLRC JGE?CQBSNJ?QCLRPC?QKMJASJ?QBCA?P@MLM LŽM
    AMLRCLBM  BCQQC KMBM  ? OS?LRGB?BC KŠVGK? BC ŠRMKMQ BC FGBPME‘LGM .Q ŠAGBMQ EP?VMQ KMLMGLQ?RSP?BMQ C NMJG
    GLQ?RSP?BMQAMKNPCCLBCKSK?OS?LRGB?BCPCJ?RGT?KCLRCEP?LBCBCEMPBSP?QCLAMLRP?B?QCK™JCMQTCECR?GQ AMKMM™JCM
    BC MJGT? GLžKCPMQ @CLCD”AGMQ N?P? ? Q?ž​BC  AMKM PCBSŽM BM AMJCQRCPMJ Q?LES”​LCM RMR?J  B? NPCQQŽM ?PRCPG?J C D?RMPCQ BC
    AM?​ESJ?ŽMBMQ?LESCDMP?K?RPG@S”​BMQ?CQQCQRGNMQBCŠAGBMQEP?VMQL?BGCR?
    -MAMPNM MQŠAGBMQEP?VMQQŽM?PK?XCL?BMQL?DMPK?BCRPGEJGACP”BGMQ.DB97<935Bo49?AMKNMQRMNMPKMJASJ?BC
    EJGACPMJ C  BC ŠAGBM EP?VM %GESP?   .Q RPGEJGACP”BGMQ QŽM CQRMA?BMQ  QM@PCRSBM  L?Q AJSJ?Q ?BGNMQ?Q  K?Q R?K@K
    NMBCK QCP ES?PB?BMQ CK MSRPMQ RGNMQ BC RCAGBM  AMKM M ​KžQASJM CQOSCJRGAM 2C FMSTCP LCACQQGB?BC BC CLCPEG?  MQ
    RPGEJGACP”BGMQQŽMBCEP?B?BMQL?QKMJASJ?QOSCMQAMKNCK ŠAGBMQEP?VMQCEJGACPMJ NMPKCGMBCSKNPMACQQMAMLFCAGBM
    AMKM<9@s<9C5#CNMGQBGQQM MQŠAGBMQEP?VMQNMBCKQCPKCR?@MJGX?BMQN?P?JG@CP?PCLCPEG?SRGJGXŠTCJ.EJGACPMJLŽMNMBC
    QCP KCR?@MJGX?BM NCJM ​KžQASJM CQOSCJRGAM BGPCR?KCLRC CLRPCR?LRM  M D”E?BM NMBC SQŠ JM N?P? QGLRCRGX?P EJGAMQC  ? OS?J
    NMBCQCPKCR?@MJGX?B?N?P?DMPLCACPCLCPEG?.QCQRMOSCQBCEMPBSP?QŽM@?QR?LRC?@SLB?LRCQ ?RKCQKMCKGL​BG​T”​BSMQ
    @CKK?EPMQ/MPR?LRM LŽMMAMPPC?BCNJCŽMBCEMPBSP?AMKMDMLRCBCCLCPEG?BSP?LRC??RGTGB?BCD”QGA? KCQKMBSP?LRC
    CTCLRMQBC,5+<9(5*,BCJMLE?BSP?ŽM MOSCCVAJSG?BCNJCŽMBCEMPBSP?AMKMA?SQ?BCD?BGE?

    86DA0  %B o283>B 6A0G>B 34  20A1>=>B Br> <D8C> 2><D=B =>B 0;8<4=C>B @D4 2>=BD<8<>B , †=C>I
    ?MN?†​LC=IŒIG;CMMCGJF?M>IM†=C>IMAL;RIM>?=;L<IHIM?ŒM;NOL;>I

    86DA0 (4?A4B4=C0sr>34 o283>B6A0G>B8=B0CDA03>B34 20A1>=>B,†=C>IIF?C=IŒOG†=C>IAL;RI


    GIHICHM;NOL;>I>?=;L<IHIM ,†=C>IFCHIF?C=IŒOG†=C>IAL;RIJIFC CHM;NOL;>I>?=;L<IHIM

    'C@E6{​?2
    NPMRC”​L?NMBCQCPCLAMLRP?B?R?LRMLMQ?LGK?GQOS?LRMLMQTCECR?GQ.Q?KGLMŠ​AGBMQQŽM?QKMJASJ?QOSCAMKNCK
    RMB?Q?QNPMRC”​L?Q CQRPSRSP?@ŠQGA?BCRMBMQMQ?KGLMŠ​AGBMQQGKGJ?P AMLQGQRGLBMCKKMJASJ?ACLRP?JBCA?P@MLM
    OSCRCKJGE?CQAMKKMJASJ?BCFGBPME‘LGM EPSNM?KGLM-' CEPSNMŠAGBM"..' CA?BCG?J?RCP?JžLGA??
    A?B??KGLMŠ​AGBMCKN?P​RGASJ?P%GESP? vCQQ?A?BCG?J?RCP?JOSCBGQRGLESCMQ?NPMVGK?B?KCLRC?KGLMŠ​AGBMQSLQ
    BMQ MSRPMQ .Q 1=9>?g​394?C 5CC5>3919C QŽM ?OSCJCQ  OSC NPCAGQ?K QCP GLECPGBMQ LMQ ?JGKCLRMQ  NMGQ LŽM NMBCK QCP
    QGLRCRGX?BMQNCJMAMPNMFSK?LM.Q1=9>?g​394?C>j?5CC5>3919C MQOS?GQAMKNCKK?GQB?KCR?BCBMQ?KGLMŠ​AGBMQ
    QŽM ?OSCJCQ OSC M AMPNM AMLQCESC QGLRCRGX?P $K ECP?J  ?NCL?Q SK? NCOSCL? OS?LRGB?BC BC NPMRC”​L? MS ?KGLMŠ​AGBMQ 
    KCR?@MJGX?B? N?P? DMPLCACP CLCPEG?  @M? N?PRC NMP A?SQ? BM LGRPME‘LGM  OSC LŽM  CLAMLRP?BM L? EMPBSP? LCK LM
    A?P@MGBP?RM

    F?wv@52D6?K:>2D
    >J9=1C QŽM KMJASJ?Q BC NPMRC”​L? OSC D?AGJGR?K SK? PC?ŽM OS”​KGA?  GLAJSQGTC ?Q KCR?@™JGA?Q  PCBSXGLBM ? CLCPEG?
    LCACQQŠPG?N?P?OSC?PC?ŽMMAMPP?$K@MP??QPC?CQNMQQ?K?AMLRCACPQCK?NPCQCL?B?CLXGK? QCFMSTCPCLCPEG?
    QS¤AGCLRC?CLXGK?BGKGLSG?CLCPEG?LCACQQŠPG?N?P?OSC?PC?ŽM?AMLRC?ZMOSCAF?K?BMBC5>5B791451D9F1kj?
    .@QCPTC OSC ? CLXGK? LŽM A?SQ? ? PC?ŽM  K?Q D?AGJGR? C ?SKCLR? ? TCJMAGB?BC L? OS?J MAMPPC C  NMPR?LRM  ?SKCLR? ?
    NPMNMPŽML?OS?JMQNPMBSRMQPCQSJR?LRCQB?PC?ŽMOS”​KGA?QŽMNPMBSXGBMQ
    2GKGJ?P ? RMB?Q ?Q KMJASJ?Q  ? CLXGK? ?NPCQCLR? DMPK? RPGBGKCLQGML?J žLGA? $QQ? DMPK? žLGA? NCPKGRC OSC ?Q
    KMJASJ?Q MSMQ QS@QRP?RMQ CLTMJTGBMQL?PC?ŽMOS”​KGA?HSLRCK QCCLXGK? AMKM?AF?TCC?DCAF?BSP?%GESP? 
    .QQS@QRP?RMQQCCLA?GV?KL?QCLBCLR?CQB?CLXGK? DMPK?LBMMAMKNJCVMCLXGK? QS@QRP?RM MOS?JPCBSX?CLCPEG?BC
    ?RGT?ŽMBCKMBMOSCMAMPP?CKK?GMPTCJMAGB?BC MRPKGLMB?PC?ŽM MNPMBSRMB?PC?ŽMQCBGQQMAG?B?CLXGK?
    JESK?QCLXGK?QNMBCKN?PRGAGN?PR?LRMB?B51kj?31D12s<931 L?OS?JSKQS@QRP?RMBCAMKNMQRMCKKMJASJ?QBM
    NPMBSRM JG@CP?LBMCLCPEG? OS?LRMB?B51kj?1>12s<931 L?OS?JKMJASJ?BMNPMBSRMDMPK?B??N?PRGPBCKMJASJ?Q
    BMQS@QRP?RM MOSCPCOSCPCLCPEG?.RGNMBCPC?ŽMBCNCLBCBCKSGRMQD?RMPCQ¤QGMJ™EGAMQ4KBMQNPGLAGN?GQD?RMPCQ
    AF?K?BM BC 5659D? 45 1kj? 45 =1CC1 #C ?AMPBM AMK CQQC CDCGRM  QC SK? CLXGK? PCESJ? ? NPMBSŽM BC SK? KMJASJ?
    NPMBSRM !?N?PRGPBMQQS@QRP?RMQ C! ?PC?ŽMNMBCNPMBSXGP !MS C! AMLDMPKCKMQRP?BML?COS?ŽM?BG?LRC
    BGPCŽM L? OS?J ? PC?ŽM MAMPPC BCNCLBC QC ? NPCQCL? K?GMP  BC ! MS  C ! 2C FMSTCP K?GQ !  ? PC?ŽM QC
    KMTGKCLR?PŠL?BGPCŽMN?P?NPMBSXGP C! ?MN?QQMOSCQCFŠK?GQ C! ?PC?ŽMQCKMTCPŠL?BGPCŽMN?P?NPMBSXGP
    ! QQCR?Q?NMLR?LBMN?P??K@?Q?QBGPCCQL?COS?ŽM?QCESGPGLBGA?KOSC?CLXGK?NMBCD?AGJGR?P?PC?ŽMN?P?ECP?P
    R?LRM !OS?LRM C!
    !   !
    .Q LMKCQ BC KSGR?Q CLXGK?Q RCPKGL?K AMK M QS¤VM Y?QC^ C PCTCJ?K ?JESK?Q GLBGA?CQ B? PC?ŽM OS”h GA? OSC CJ?Q
    D?AGJGR?K/MPCVCKNJM JGN”BGMMSRPMRCPKMSQ?BMN?P?BCQGEL?PEMPBSP? C?QCLXGK?QJGN?QCBCAMKNCKMQRPGEJGACP”BGMQ
    CKEJGACPMJCŠAGBMQEP?VMQN?P?NCLCRP?PCKL?QAJSJ?Q
    #GTCPQMQ D?RMPCQ NMBCK ?DCR?P ? TCJMAGB?BC L? OS?J ?Q CLXGK?Q D?AGJGR?K QS?Q PCQNCARGT?Q PC?CQ #MGQ D?RMPCQ KSGRM
    GKNMPR?LRCQBSP?LRC??RGTGB?BCD”QGA?QŽM?RCKNCP?RSP?C??AGBMQC ?RGTGB?BCBCSK?CLXGK?MAMPPCCKBCRCPKGL?B?
    RCKNCP?RSP? ​GBC?J N?P? D?AGJGR?P ?Q PC?CQ OS”​KGA?Q 4K? JGECGP? CJCT?ŽM BC RCKNCP?RSP? ECP?JKCLRC ?SKCLR? ?
    TCJMAGB?BCL?OS?J?CLXGK?D?AGJGR??PC?ŽM#CQQCKMBM BSP?LRC??RGTGB?BCD”QGA? ?NCOSCL?CJCT?ŽMB?RCKNCP?RSP?
    AMPNMP?JGLRCLQG¤A???RGTGB?BCB?QCLXGK?QCLTMJTGB?QL?NPMBSŽMBCCLCPEG? MA?QGML?LBMSKBGQAPCRMAPCQAGKCLRML?
    NPMBSŽM BC CLCPEG? žRGJ #C K?LCGP? QGKGJ?P  ?Q CLXGK?Q GL​BG​TG​BS?GQ RP?@?JF?K CK L”TCJ BC ?AGBMQC MS N' ​GBC?J  M OSC
    D?AGJGR? ?Q PCQNCARGT?Q PC?CQ #SP?LRC ? ?RGTGB?BC D”QGA?  ? ?AGBMQC GLRP?​KSQASJ?P NMBC ?SKCLR?P  M OSC QGELG¤A?
    BGKGLSGŽM BM N' . ?SKCLRM B? ?AGBMQC  CQNCAG?JKCLRC QC DMP QGELG¤A?RGTM  PCBSX ? ?RGTGB?BC BC ?JESK?Q CLXGK?Q
    CLTMJTGB?Q L? @GMCLCPERGA? $QQC PCR?PBM L? ?RGTGB?BC CLXGKŠRGA?  SK D?RMP OSC PCQSJR? CK D?BGE? BSP?LRC ?JESK?Q
    DMPK?QBC?RGTGB?BCD”QGA?
    .SRPMD?RMPPCJ?AGML?BMAMK?DSLŽMCLXGKŠRGA??LCACQQGB?BCNMPAMCLXGK?Q"MCLXGK?QQŽMKMJASJ?QMPE‹LGA?Q
    AMKNJCV?Q NMPKLŽMQŽMNPMRC”​L?Q OSCQC?QQMAG?KGLRGK?KCLRC?SK?CLXGK?2CSK?CLXGK?BCNCLBCLRCBCSK?
    AMCLXGK?  ? CLXGK? LŽM DSLAGML?PŠ BC K?LCGP? ​GBC?J QCK ?Q OS?LRGB?BCQ ?BCOS?B?Q B?OSCJ? AMCLXGK? /MP CVCKNJM  ?Q
    TGR?KGL?Q!​?RS?KAMKMAMCLXGK?QN?P?KSGR?QB?QCLXGK?QCLTMJTGB?QLMKCR?@MJGQKMBMQA?P@MGBP?RMQ ŠAGBMQEP?VMQC
    ?KGLMŠ​AGBMQ 2C ?Q AMCLXGK?Q LŽM CQRGTCPCK NPCQCLRCQ  M KCR?@MJGQKM B? CLCPEG? ACQQ?  C QC ? BGQNMLG@GJGB?BC BCQQ?Q
    TGR?KGL?QDMPGL?BCOS?B? BGKGLSGPŠ?NPMNMPŽML?OS?J?PC?ŽMKCR?@™JGA?MAMPPC/MPR?LRM ?K@?QQŽMLCACQQŠPG?QN?P?
    OSCMQKCA?LGQKMQ@GMCLCPERGAMQMAMPP?K

    86DA0 %CA86;824Aw38>t2><?>BC>?>A <>;t2D;0346;824A>;4 <>;t2D;0B34o283>6A0G>,MNLCAFC=?L>CIM


    JI>?GM?LJLI>OTC>IM>OL;HN?L?;‹™?M>?=IH>?HM;‹ŠI
    ILCACH;H>IGIFŒ=OF;M>?†AO; ,NLCAFC=?L>CICFOMNL;>IŒ
    =IGJIMNI >?  GIFŒ=OF; >? AFC=?LIF ?  †=C>IM AL;RIM ?MN?†​LC=IM
     IM KO;CM MŠI †=C>IM AL;RIM M;NOL;>IM >? 
    =;L<IHIM
    86DA0  *>3>B >B 0<8=>o​283>B 0?A4B4=C0< 0 <4B<0 4BCADCDA0 1oB820   ?MNLONOL; <†MC=; >? NI>IM IM
    ;GCHI†​=C>IM Œ  GIFŒ=OF; >? =;L<IHI =?HNL;F
      ALOJI ;GCHI
      ALOJI †=C>I ?  ALOJI F;N?L;F šHC=I  
    /?JL?M?HN;‹ŠI>?;GCHI†​=C>IM?M?OMALOJIMF;N?L;CMšHC=IM
    86DA0  % 2>=248C> 34 270E4 4 542703DA0 09D30 0 34B2A4E4A 2><> 0B 4=H8<0B 5028;8C0< 0B A40s~4B
    <4C01{;820B40=01{;820B!?GIHMNL;‹ŠI>?OG;L?;‹ŠI=;N;<•FC=; +I?HN;HNI
    GOCN;M?HTCG;MN;G<ŒGJI>?G
    L?;​FC​T;LOG;L?;‹ŠI;H;<•FC=;?HPIFP?H>IIMJLI>ONIM>;L?;‹ŠI=;N;<•FC=;J;L;JLI>OTCLIMMO<MNL;NIMOM;>IMH;
    L?;‹ŠI=;N;<•FC=;

    ! 

    2C3@:5C2E@D Dv@ DF3DEt?4:2D @C8t?:42D BF6 D6 2AC6D6?E2> 6> 5:G6CD2D 7@C>2D 4@>@ >@?@DD242C{5:@D 5:DD242C{5:@D 6
    A@=:DD242C{5:@D=:4@D668=:4@8y?:@Dv@42C3@:5C2E@D:>A@CE2?E6DA2C2@>6E23@=:D>@
    %EC:8=:46C{5:@x4@>A@DE@A@C >@=x4F=2568=:46C@=6 >@=x4F=2D56s4:5@8C2I@
    :76C6?E6D2>:?@s​4:5@DDv@42C24E6C:J25@DA@C4256:2D=2E6C2:Dƒ?:42D6E:A:42>6?E6?v@Dv@>6E23@=:J25@D2F>8C2F6=6G25@
    ?J:>2DDv@>@=x4F=2D56AC@E6{​?2DBF6724:=:E2>F>2C62wv@BF{​>:42

    #4C01>;8B<>04A{18>40=04A{18>

    v@CKNPMTŠTCJOSCTMA‘HŠCQRCH?D?KGJG?PGX?BMAMKMRCPKM(,9k)06D?XCLBMPCDCP‘LAG??MSQMBMMVGE‘LGML?M@RCLŽMBC
    CLCPEG?N?P?PC?​JG​X?ŽMBCSKRGNMBC?RGTGB?BCBC,5+<9(5*,#CK?LCGP?QGKGJ?P M=5D12?<9C=?15Bs29?PCDCPC QC?MSQM
    BM MVGE‘LGM N?P? KCR?@MJGX?P ?JGKCLRMQ .Q NPMBSRMQ ECP?BMQ NCJM KCR?@MJGQKM ?CP™@GM QŽM CLCPEG?  ". C ŠES?
    CLCPEG?NMBCQCPSQ?B?N?P?K?LRCP?QDSLCQAMPNMP?GQ M".NMBCQCPRP?LQNMPR?BMLMQ?LESCCCVNGP?BMLMQNSJKCQ
    C ?Q KMJASJ?Q BC ŠES? NMBCK QCP SQ?B?Q NCJM AMPNM AMKM OS?JOSCP MSRP? KMJASJ? BC ŠES? QQGK  RMBMQ MQ NPMBSRMQ
    ECP?BMQNCJMKCR?@MJGQKM?CP™@GMNMBCKQCPNPMLR?KCLRCSQ?BMQMSCVNCJGBMQ/MPGQQM MKCR?@MJGQKM?CP™@GMSQ?BM
    CKPCNMSQMCBSP?LRC??RGTGB?BCD”QGA?BC@?GV?GLRCLQGB?BCCJMLE?BSP?ŽMN?P?QSNPGP@M?N?PRCB?CLCPEG?LCACQQŠPG?
    $K@MP?BCKMBMECP?JNCLQCKMQCKKCR?@MJGQKM?CP™@GMAMKM?OSCJCOSCCLTMJTCA?P@MGBP?RMCRPGEJGACP”BGM ?NPMRC”​L?
    R?K@KNMBCQCPKCR?@MJGX?B?NCJ?TG??CP™@G?N?P?DMPLCACPCLCPEG?OS?LBMLCACQQŠPGM
    . =5D12?<9C=? 1>15Bs29? PCDCPC QC  NPMBSŽM BC CLCPEG? QCK M SQM BC MVGE‘LGM NCL?Q M A?P@MGBP?RM NMBC QCP
    SQ?BM N?P? NPMBSXGP CLCPEG? BC K?LCGP? ?L?CP™@G? . J?BM LCE?RGTM BM KCR?@MJGQKM ?L?CP™@GM BMQ A?P@MGBP?RMQ  ?
    NPMBSŽMLŽM?NCL?QBCCLCPEG?C". AMKMR?K@KBCŠAGBMJŠARGAM MOS?J?QQMAG?BM?M?SKCLRMB??AGBMQCQ?LES”​
    LC?C​KSQASJ?P.?SKCLRMB??AGBMQC?DCR?LCE?RGT?KCLRC??RGTGB?BCBC?JESK?QCLXGK?Q MOSCPCQSJR?CKPCBSŽMB?
    NPMBSŽM BC CLCPEG? žRGJ 2C CLCPEG? KCLMQ žRGJ CQRGTCP BGQNML”TCJ  ? GLRCLQGB?BC  ? TCJMAGB?BC MS M PGRKM LM OS?J ?
    ?RGTGB?BC MAMPPC NPCAGQ? BGKGLSGP  ?AGBMQC K?GQ ?JR? R?K@K ?DCR? MQ PCACNRMPCQ BC BMP LM ​KžQASJM $QQCQ  D?RMPCQ
    NMBCKMA?QGML?PGLA?N?AGB?BCBCK?LSRCLŽMB?GLRCLQGB?BCCB?TCJMAGB?BCL?OS?J??RGTGB?BCCQRŠQCLBMPC?​JG​X?B?
    EP?LBC T?LR?ECK BM KCR?@MJGQKM ?L?CP™@GM  OSC ? CLCPEG? NPMBSXGB?  P?NGB?KCLRC BGQNMLG@GJGX?B? ?M ​KžQASJM CK
    CVCPA”AGM
    CLCPEG?BCAMPPCLRCBMKCR?@MJGQKM?L?CP™@GMBMA?P@MGBP?RMC?OSCJ?DMPLCAGB?NCJMQGQRCK?DMQD?E‘LGM 3/C/"
    QŽM?QNPGLAGN?GQDMLRCQBCCLCPEG?BSP?LRC?Q?RGTGB?BCQBC?JR?GLRCLQGB?BCCASPR?BSP?ŽM AMKM:7905;CJCT?LR?KCLRMBC
    NCQM$KAMLRP?QRC MKCR?@MJGQKM?CP™@GM?DMLRCBCCLCPEG?NPCBMKGL?LRCN?P???RGTGB?BCBCGLRCLQGB?BCK?GQ@?GV?C
    BSP?ŽMK?GQJMLE? AMKMAGAJGQKMBCCQRP?B?CAMPPGB?BCBGQR‹LAG?

    ! 

    %>6E23@=:D>@26C3:@C6BF6C@I:8y?:@A2C2AC@5FJ:C6?6C8:26x27@?E6566?6C8:2AC65@>:?2?E66>C6A@FD@65FC2?E622E:G:5256
    5632:I2:?E6?D:5256
    % >6E23@=:D>@ 2?26C3:@ ?v@ AC64:D2 56 @I:8y?:@ A2C2 AC@5FJ:C 6?6C8:2 6 x FD25@ AC65@>:?2?E6>6?E6 ?2D 2E:G:5256D 56 2=E2
    :?E6?D:525664FCE25FC2wv@

    *A85>B50C>34034=>B8=0I<>;t2D;0344=4A680

    . DB96?C61D? 45 145>?C9>1  3/  LŽM  ? žLGA? KMJASJ? BC CLCPEG? L?Q AJSJ?Q  NMPK  ? K?GQ GKNMPR?LRC
    (LBCNCLBCLRCKCLRCQC?CLCPEG?žRGJNPMBSXGB?BCK?LCGP??CP™@G?MS?L?CP™@G? MNPMBSRMPCQSJR?LRC?KMJASJ?BC
    3/  CQRPSRSP? KMJCASJ?P BM 3/ ?NPCQCLR?  EP?LBCQ AMKNMLCLRCQ ?BCLGL?  PG@MQC C  DMQD?RMQ %GESP?   Q
    KMJASJ?Q BC ?BCLGL? C PG@MQC R?K@K QŽM BCLMKGL?B?Q 463d*<3( +, (+,56:05( . 3/ NMBC QCP NPMBSXGBM ? N?PRGP BM
    496?C61D?45145>?C9>1 #/ DMQD?RMGLMPE‹LGAM/G C”M​LBCFGBPME‘LGM' %GESP?  CLCPEG?LCACQQŠPG?N?P?
    JGE?P M #/ ?M /G NMBC QCP M@RGB? B? PC?ŽM ?CP™@G? MS ?L?CP™@G? $K QCESGB?  M 3/  BCAMKNMQRM CK #/ C /G
    JG@CP?LBMCLCPEG?OSCNMBCQCPSQ?B?LMQNPMACQQMQACJSJ?PCQ AMKMTŠPG?Q?CQ​KSQASJ?​PCQ QKMJASJ?QBC #/  3/C
    /GLŽMQŽMBCQRPS”​B?QBSP?LRCCQQ?QPC?CQCKTCXBGQQM ?QJGE?CQOS”​KGA?QOSCK?LR‘KMQEPSNMQBCDMQD?RMHSLRMQQŽM
    BCEP?B?B?Q N?P? JG@CP?P CLCPEG?  MS CLCPEG?  ?BGAGML?B? N?P? PCDMPK?P ? JGE?ŽM OSC SLC M /G ?MQ EPSNMQ BC DMQD?RM
    PCK?LCQACLRCQL?KMJASJ?BC?BCLMQGL? DMPK?LBMLMT?KCLRCM 3/ NPMBSŽMBM”M​LBCFGBPME‘LGMOS?LBMM 3/
    BCAMKNMQRMGKNMPR?LRC NMGQM?SKCLRMBMQ”M​LQBCFGBPME‘LGMMA?QGML?CJCT?ŽMB??AGBMQC LCACQQGB?BCBC”M​LBC
    FGBPME‘LGMOS?LBM #/C/GQCAMK@GL?KN?P?NPMBSXGP 3/R?K@KGKNMPR?LRC NMGQNPMKMTC?PCBSŽMB??AGBMQC
    2CLBM ?QQGK  QC ? OS?LRGB?BC BC 3/ SQ?B? DMP K?GMP OSC ? NPMBSXGB?  MAMPPC CJCT?ŽM B? ?AGBMQC GLRP?​KSQASJ?P  NMP
    MSRPMJ?BM QC?SRGJGX?ŽMBC 3/DMPCOSGJG@P?B?NMPSK?NPMBSŽMCOSGT?JCLRC LŽMMAMPPCK?JRCP?CQL??AGBMQCGLRP?​
    KSQASJ?P QQCCQQCESGLRCQBGQASRCKAMKBCR?JFCQ?QTG?QKCR?@™JGA?Q?CP™@G?QC?L?CP™@G?QOSCPCQSJR?KCKDMPK?ŽM
    BC 3/
    86DA0 %CA85>B50C>34034=>B8=0t2><?>BC>?>A034=8=0A81>B44 6AD?>B345>B50C>8=>A6p=82>FCHB;
    IH>OF;>;?HNL?IMALOJIM@IM@;NICH>C=;GFCA;‹ŠI>?;FN;?H?LAC;

    ! 

    %EC:7@D72E@56256?@D:?2x2>2:D:>A@CE2?E6>@=x4F=2566?6C8:2AC@5FJ:52D6?5@@AC@46DD@>6E23=:4@26C3:@@F2?26C3:@

    )8BC4<0*&5>B5>2A40C8=0

    . QGQRCK? BC CLCPEG? 3/ DMQDMAPC?RGL?  3/ /"   GKNMPR?LRC AMKM DMLRC BC CLCPEG? N?P? ?RGTGB?BCQ D”QGA?Q OSC
    PCOSCPCK KSGR? CLCPEG? NMP QCESLBM  AMKM :7905;: C JCT?LR?KCLRM BC NCQM $LRPCR?LRM  CQQ? DMLRC AMLQCESC DMPLCACP
    CLCPEG??NCL?QNMPSKRCKNMPCJ?RGT?KCLRCASPRM/MPCVCKNJM QCAMKC?PKMQ?NSJ?PCKQCLRGBMTCPRGA?JMK?GQ?JRMC
    K?GQPŠNGBMNMQQ”TCJ NCPAC@CPCKMQOSCCK?QCESLBMQLŽMAMLQCESGPCKMQNSJ?PRŽM?JRMOS?LRMMQNPGKCGPMQQ?JRMQ
    (QQMMAMPPC CKN?PRC CKTGPRSBCB?QA?P?ARCP”QRGA?QCJGKGR?CQB?DMLRCBCCLCPEG? 3/ /" AMKNPCCLQŽMBCQQ?DMLRC
    BCCLCPEG?NMQQG@GJGR?CLRCLBCPMBCQCKNCLFML??RGTGB?BCD”QGA?BC?JR?GLRCLQGB?BCCASPR?BSP?ŽM
    .AMLRCž​BMGLRP?ACJSJ?PBC 3/ GLAJSQGTCB?QAJSJ?Q​KSQASJ?​PCQ PCJ?RGT?KCLRCNCOSCLM QQGK BSP?LRC??RGTGB?BC
    D”QGA? ?QAMLACLRP?CQBC 3/L?QAJSJ?Q​KSQASJ?​PCQBGKGLSCKBCK?LCGP?@?QR?LRCPŠNGB? CQCMQL”TCGQBC 3/LŽM
    DMPCK PCNMQRMQ AMK P?NGBCX NCJ? CLCPEG? NPMTCLGCLRC BMQ TŠPGMQ AGAJMQ KCR?@™JGAMQ  MAMPPCPŠ BCAJ”LGM AMLAMKGR?LRC B?
    NPMBSŽM BC DMP? ​KSQASJ?P  6?C6?3B51D9>1 /"  GLRP?​KSQASJ?P %GESP?   MDCPCAC SK? TG? @GMCLCPERGA? QGKNJCQ
    NMPK PŠNGB?  BC NPMBSŽM BC 3/ #CLRPM B?Q AJSJ?Q ​KSQASJ?​PCQ  ? CLXGK? 3/?QC D?AGJGR? ? BCEP?B?ŽM BM 3/ CK
    #/ C /G  PCQSJR?LBM CK CLCPEG? žRGJ N?P? ?Q ?CQ ​KSQASJ?​PCQ $K SK? PC?ŽM QCN?P?B?  K?Q ?AMNJ?B?  ? CLXGK?
    3B51D9>?AE9>1C5D?AGJGR??BCAMKNMQGŽMBC/"CK/GCAPC?RGL? PCQSJR?LBMCKBM?ŽMBC/GN?P?M #/?¤KBCDMPK?P
    M 3/%GESP? 
    QCQRPSRSP?QOS”​KGA?QCDMPK?QRPGBGKCLQGML?GQBM 3/CB?/"QŽMBGDCPCLRCQNMPR?LRM ?/"LŽMNMBCQCPBCEP?B?B?
    NCJ?CLXGK? 3/?QCJMA?JGX?B?LM​KžQASJMMLBCCVGQRCLCACQQGB?BCBCCLCPEG?N?P?NPMKMTCP?AMLRP?ŽM​KSQASJ?P#CQQC
    KMBM  ? /" LŽM NMBC QCP SQ?B? N?P? DMPLCACP CLCPEG? BGPCR?KCLRC N?P? ? AMLRP?ŽM BM ​KžQASJM . AMLRCž​BM GLRP?​
    KSQASJ?PBC/"?TCXCQK?GMPOSCMAMLRCž​BMBC 3/?LKMJBC 3/NMPIEBC​KžQASJM -MCLR?LRM GQQM
    ?GLB?SK?AMLACLRP?ŽMSKR?LRM@?GV?BC/"LM​KžQASJM ?OS?JBGKGLSG CKN?P?JCJM AMKMSQMBC 3/BCTGBM
    BCEP?B?ŽMB?/"BSP?LRC?PCQQ”LRCQCBC 3/
    86DA0 
    %CA85>B50C>34034=>B8=0*&?A>3DH4=4A680@D0=3>t346A0303>4<385>B50C>34034=>B8=0
    &45>B50C>8=>A6p=82>&8,1-JI>?M?LA?L;>IJ?F;=IG<CH;‹ŠI>?!-?-C
    JILŒG?MM;L?;‹ŠIL?KO?L
    ?H?LAC;

    86DA0  5>B5>2A40C8=0t2><?>BC0?>A2A40C8=04D<5>B50C>8=>A6p=82>FCHB;IH>OF;>;?HNL?;=L?;NCH;
    ?I@IM@;NICHILA‡HC=IL?JL?M?HN;OG;FCA;‹ŠI>?;FN;?H?LAC;

    "MLDMPKC?AMLACLRP?ŽMGLRP?​KSQASJ?PBC/"A?G MKCQKMMAMPPCAMK?NPMBSŽMBC 3/NMPKCGMB?BCEP?B?ŽM


    BC/" TG?@GMCLCPERGA?B?NPMBSŽMBC 3/NCJ?BCAMKNMQGŽMBC/"BCLMKGL?B?C9CD5=1*&&MSQGQRCK?
    DMQD?E‘LGM"MKMHŠDMGBGRM?LRCQ ?QAMLACLRP?CQGLRP?​KSQASJ?​PCQBC 3/C/"QŽMNCOSCL?QNMPR?LRM ?BCNJCŽMBMQ
    DMQD?E‘LGMQMAMPPCP?NGB?KCLRCBSP?LRCMCVCPA”AGMBC?JR?GLRCLQGB?BC$LRPCR?LRM CQQ?DMLRCBCCLCPEG??L?CP™@G?NMBC
    DMPLCACPEP?LBCQOS?LRGB?BCQBC 3/AMKP?NGBCXNMPSKNCP”M​BMASPRMBCRCKNM
     A?N?AGB?BC BC NPMTCP 3/ AMK P?NGBCX NMP ASPRMQ NCP”M​BMQ BC RCKNM RMPL? M QGQRCK? 3/ /" GKNMPR?LRC N?P? M
    BCQCKNCLFMBC?RGTGB?BCQBC?JR?GLRCLQGB?BCCASPR?BSP?ŽM AMKM:7905;:ASPRMQ F?JRCPM¤JGQKMMJ”KNGAM Q?JRMCK?JRSP?
    CQ?JRMCKBGQR‹LAG?$QRGK? QCOSCBSP?LRC??RGTGB?BCBCGLRCLQGB?BCKŠVGK??QAMLACLRP?CQGLRP?​KSQASJ?​PCQBC 3/C
    /" QC CQEMRCK CK ?JESK?Q ¤@P?Q h SQASJ?mCQ N CV  BC AMLRP?ŽM PŠNGB?  CK ACPA? BC  QCESLBMQ $K@MP? QCH? SK?
    FGN™RCQC ?RP?RGT? ? ?QQMAG?ŽM BC AMLACLRP?CQ GLRP?​KSQASJ?​PCQ KCLMPCQ BC 3/ C /"  GLA?N?AGB?BC BM ​KžQASJM BC
    ECP?PDMP? BGTCPQMQD?RMPCQRMPL?K?PCJ?ŽMA?QS?JGKNPMTŠTCJ/MPCVCKNJM BSP?LRCMCVCPA”AGMBC?JR?GLRCLQGB?BC ?
    PCBSŽMGLRP?​KSQASJ?PBC 3/LŽMKMQRP?AMPPCJ?ŽMAMKMBCAJ”LGMB?DMP?​KSQASJ?PC?PCBSŽMBC/"QCESCSKASPQM
    BCRCKNMBGDCPCLRCB?BGKGLSGŽMBCDMP?​KSQASJ?P(QQMGLBGA?OSCD?RMPCQBGDCPCLRCQB?Q?JRCP?CQL?QAMLACLRP?CQ
    GLRP?​KSQASJ?​PCQ BC 3/ C /" QŽM PCQNMLQŠTCGQ NCJ?Q BGKGLSGCQ BC DMP? ​KSQASJ?P 4K BCJCQ  ? CJCT?ŽM B? ?AGBMQC
    GLRP?​KSQASJ?P MSAMLACLRP?ŽMBC”M​LQFGBPME‘LGM A?SQ?B?NCJ??RGTGB?BC?L?CP™@G?+CK@PC QCBCOSC?BCEP?B?ŽMBM
    3/NPMBSXCLCPEG?žRGJ K?QR?K@K”M​LBCFGBPME‘LGM QCESLB?NMQQ”TCJCVNJGA?ŽM?B?AMKN?PRGKCLR?JGX?ŽMBM
    3/  M OSC OSCP BGXCP OSC KCQKM OSC MQ L”TCGQ GLRP?​KSQASJ?​PCQ RMR?GQ BC 3/ CQRCH?K PCJ?RGT?KCLRC ?JRMQ  FŠ D?JR? BC
    3/ L?Q AJSJ?Q ​KSQASJ?​PCQ N?P? DMPLCACP CLCPEG? N?P? ? NPMBSŽM BC DMP? ,?GQ PCACLRCKCLRC  DMG KMQRP?BM OSC M
    ?AžKS​JMBC/GPCQSJR?LRCB?BCEP?B?ŽMPŠNGB?BM 3/BCQCKNCLF?SKN?NCJL?D?BGE?​KSQASJ?P
    86DA0  4=4A680;814A03030346A030sr>305>B5>2A40C8=0tDB030?0A0?A>3DH8ACA85>B50C>34034=>B8=0
    *&  ?H?LAC; FC<?L;>; J?F; >?=IGJIMC‹ŠI >I 1- JI>? M?L OM;>; J;L; L?MMCHN?NCT;L ; @IM@I=L?;NCH; M? ;
    CHN?HMC>;>?>;;NCPC>;>?@ILL?>OTC>;IO>OL;HN?;L?=OJ?​L;‹ŠI;J•MI?R?L==CI

    (PMLGA?KCLRC ?žLGA?K?LCGP?NCJ?OS?J?/"NMBCQCPDMPK?B?BCLMTM?N?PRGPBCAPC?RGL?C/GNMPKCGMB?CLCPEG?
    JG@CP?B? L? BCEP?B?ŽM BM 3/ #SP?LRC ? ?RGTGB?BC BC ?JR? GLRCLQGB?BC  FŠ NMSAM  QC  OSC CVGQRC ?JESK  3/ GLRP?​
    KSQASJ?PBGQNML”TCJN?P?CQQCNPMN™QGRM3MB?TG? BSP?LRC?PCASNC​P?ŽMB??RGTGB?BCBC?JR?GLRCLQGB?BC M 3/NMBCQCP
    M@RGBMBCKMBM?CP™@GMN?P?PCNMP?/"GLRP?​KSQASJ?P @CKAMKMMAMLRCž​BMBC 3/ QQGK ?N™Q?BCNJCŽMBC 3/C
    /"GLRP?​KSQASJ?PBSP?LRC??RGTGB?BCBC?JR?GLRCLQGB?BC LŽMNMQQ”TCJPCNš JMQBCK?LCGP?CDCRGT??ROSC?GLRCLQGB?BC
    BM CVCPA”AGM BGKGLS? MS BSP?LRC ? PCASNC​P?ŽM ?N™Q M CVCPA”AGM BGQASRGBM L? QCŽM Y1CASNCP?ŽM KCR?@™JGA? ?N™Q M
    CVCPA”AGM^   A?N?AGB?BC BC PC?@?QRCACP 3/ C /" GLRP?​KSQASJ?P BSP?LRC ? PCASNC​P?ŽM  SK? ?ŽM GKNMPR?LRC L?Q
    NPŠRGA?Q CQNMPRGT?Q C BC RPCGL?KCLRM OSC CLTMJTCK ?RGTGB?BCQ PCNCRGB?Q BC ?JR? GLRCLQGB?BC C BC ASPR? BSP?ŽM  AMKM
    @?QOSCRC@MJ ​KSQASJ?ŽMCRPCGL?KCLRMGLRCPT?J?BM N™QSKNPMEP?K?BCRPCGL?KCLRM ?A?N?AGB?BCBCPC?​JG​X?P?RGTGB?BC
    D”QGA?BC?JR?GLRCLQGB?BCCASPR?BSP?ŽMKCJFMP?AMLDMPKCQC?NSP??A?N?AGB?BCBM​KžQASJMBCPCQR?@CJCACPMQL”TCGQBC
    DMQD?E‘LGM
    QQGK AMKM RMB?Q ?Q DMLRCQ BC CLCPEG?  ? CJCT?ŽM B?Q CLXGK?Q ?QQMAG?B?Q OSCJ? TG? BC CLCPEG? MS M ?SKCLRM B?
    BGQNMLG@GJGB?BC BM QS@QRP?RM NMBC GLAPCKCLR?P KSGRM ? NPMBSŽM MS M PC?@?QRCAGKCLRM BC 3/ %?XCLBM GQQM  NMBC QC
    CQNCP?POSC?PC?​JG​X?ŽMBC?RGTGB?BCQOSCBCNCLBCKDMPRCKCLRCB?OSCJ?TG?BCCLCPEG?CKN?P​RGASJ?PR?K@KKCJFMPC Q
    ?B?NR?CQ OSC NMBCK ?NSP?P @?QR?LRC M BCQCKNCLFM CK ?RGTGB?BCQ OSC BCNCLBCK DMPRCKCLRC BM QGQRCK? 3/ /"
    GLAJSCK?Q?JRCP?CQL?CLXGK?APC?RGLMOSGL?QCCLMAMLRCž​BMBC/"C 3/GLRP?​KSQASJ?PBCPCNMSQM

    52AE2w‚6D6?K:>sE:42D2@6I6C4{4:@5@D:DE6>2+''
    SKCLRMQL??RGTGB?BCB?QNPGLAGN?GQCLXGK?QCLTMJTGB?QLMQGQRCK? 3/ /"NMBCKPCQSJR?PCKPCECLCP?ŽMK?GQPŠNGB?
    BC 3/  NMQQG@GJGR?LBM KCJFMP BCQCKNCLFM CK ?RGTGB?BCQ BC ASPR? BSP?ŽM BC ?JR? NMR‘LAG?  APC?RGLMOSGL?QC  ?
    NPGLAGN?J CLXGK? CLTMJTGB? L? PCECLCP?ŽM BM 3/ ? N?PRGP B? BCEP?B?ŽM B? /" SKCLRMQ  BGKGLSGCQ C LCLFSK?
    ?JRCP?ŽML??RGTGB?BCBCQQ?CLXGK?DMP?KM@QCPT?BMQ?N™QMRPCGL?KCLRMAMKNCQMCBMRGNM:7905;   $K@MP??Q
    ?JRCP?CQGLBSXGB?QNCJMRPCGL?KCLRML??RGTGB?BCB?APC?RGLMOSGL?QCLŽMRCLF?KQGBMPCJ?R?B?QAMKAMLQGQR‘LAG? ?JESLQ
    CQRSBMQ PCTCJ?P?K CJCT?CQ QGELG¤A?RGT?Q L? ?RGTGB?BC BCQQ? CLXGK?  GLAJSQGTC SK ?SKCLRM NP™VGKM ?  ?N™Q M
    RPCGL?KCLRMBCPCQGQR‘LAG?GQMAGLRGAMCBC?N™QMRPCGL?KCLRMBC:7905;QSNCPKŠVGKML?@GAGAJCR?CPEMKRPGA?

    52AE2w‚6D56+'6'2@6I6C4{4:@
    "MLACLRP?CQGLRP?​KSQASJ?​PCQK?GQ?JR?QBC 3/C/"NMBCKKCJFMP?PMBCQCKNCLFMCK?RGTGB?BCQBC?JR?GLRCLQGB?BC
    C BC ASPR? BSP?ŽM . RPCGL?KCLRM AMK NCQM  C BM RGNM :7905;  MA?QGML?P?K CJCT?CQ QGELG¤A?RGT?Q  @CK AMKM
    LCLFSK? ?JRCP?ŽM L?Q AMLACLRP?CQ GLRP?​KSQASJ?​PCQ BC 3/ C /" $K AMLRP?QRC  ? NCQOSGQ? BCKMLQRPMS  AMK
    AMLQGQR‘LAG? OSCMRPCGL?KCLRMBMRGNM,5+<9(5*,LŽMCVCPACCDCGRMQCVNPCQQGTMQQM@PC?QAMLACLRP?CQGLRP?​KSQASJ?​PCQBC
    3/C/" N™QKCQCQBCRPCGL?KCLRMBCPCQGQR‘LAG? CLRPCR?LRM ?QAMLACLRP?CQGLRP?​KSQASJ?​PCQBC/"C 3/CK
    PCNMSQM QC KMQRP?P?K CJCT?B?Q CK  C   PCQNCARGT?KCLRC  C ? DMP? KŠVGK? ?SKCLRMS  .SRPM CQRSBM
    BCKMLQRPMSOSC ?N™QQCK?L?QBCRPCGL?KCLRMBMRGNM:7905; ?QAMLACLRP?CQCKPCNMSQMBCQQCQDMQD?E‘LGMQCQR?T?K
    GL?JRCP?B?Q KCQKM AMK ? PCBSŽM BM RCKNM BC :7905; BC  K C KCJFMP? B? A?N?AGB?BC BC :7905; PCNCRGBM RCKNM RMR?J
    N?P?  Q7905;: BC  K QCN?P?BMQ NMP  QCESLBMQ  BC ACPA? BC  $QQCQ PCQSJR?BMQ BCKMLQRP?K OSC NMBC MAMPPCP
    KCJFMP?LMBCQCKNCLFMB??RGTGB?BCBC?JR?GLRCLQGB?BCCBCASPR?BSP?ŽMAMKMSQCK?SKCLRMGKNMPR?LRCBC 3/C
    /"GLRP?​KSQASJ?P

    ! 

    %EC:7@D72E@56256?@D:?2*&627@D7@4C62E:?2&:?EC2​>FD4F=2CDv@2D7@?E6D566?6C8:2AC65@>:?2?E6DA2C222E:G:52567{D:42
    562=E2:?E6?D:525664FCE25FC2wv@
    D252AE2w‚6D5@EC6:?2>6?E@u7@?E6566?6C8:2*&&A@56>:?4=F:C6=6G2w‚6D6>2=8F>2D6?J:>2D62F>6?E@D5@D6DE@BF6D
    :?EC2​>FD4F=2​C6D56*&6&

    2C?KCJFMP?BMBCQCKNCLFMBC?JR?GLRCLQGB?BCCBCASPR?BSP?ŽMNMQQ”TCJQCK?JRCP?ŽMQGELG¤A?RGT?LM 3/CL?
    /"GLRP?​KSQASJ?PBCPCNMSQMBCNCLBCQC?BCNJCŽMBCQQCQDMQD?E‘LGMQMAMPPCMSLŽMBSP?LRC??RGTGB?BC QCQRGK?RGT?Q
    B?BCNJCŽMBC 3/BSP?LRC:7905;:BCRCKNMBCQCESLBMQC? QCESLBMQQŽMBC?NPMVGK?B?KCLRCC?
    BMQT?JMPCQNP CVCPA”AGM PCQNCARGT?KCLRC"ŠJASJMQB?BCNJCŽMBC/"?N™Q:7905;:BCRCKNM?QCESLBMQ
    C:7905;:PCNCRGBMQQ GLBGA?KOSC?BCNJCŽMT?PG?BC?BMQT?JMPCQ?LRCQBMCVCPA”AGM(QQMOSCPBGXCPOSC?
    BCNJCŽM AMKNJCR? BC 3/ C /" NMBC LŽM ?AMLRCACP CK ?RGTGB?BCQ BC ?JR? GLRCLQGB?BC BC  QCESLBMQ MS KCLMQ BC
    BSP?ŽM QQGK  ?Q CJCT?CQ LM AMLRCž​BM BC 3/ C /" GLRP?​KSQASJ?P BC PCNMSQM NMBCK LŽM QCP LCACQQŠPG?Q N?P?
    KCJFMP?PMBCQCKNCLFMBC?JR?GLRCLQGB?BCCASPR?BSP?ŽM

    ;82{;8B4

    <93s<9C5  SK? QPGC BC PC?CQ CLXGKŠRGA?Q OSC KCR?@MJGX?K ? EJGAMQC $K@MP? CQQ? TG? LŽM NPCAGQC BM MVGE‘LGM N?P?
    DSLAGML?PNMPGQQMKSGRMQQCPCDCPCK?CJ?AMKMSKNPMACQQMLŽMMVGB?RGTM CJ?NPMBSXSK?KMJASJ?AF?K?B??ACRGJ
    "M OSCNMBCNCLCRP?PL?KGRMAšLBPG?CN?PRGAGN?PB?PCQNGP?ŽM?CP™@G?QCOS?LRGB?BCQ?BCOS?B?QBCMVGE‘LGMCQRGTCPCK
    BGQNML”TCGQ L? AJSJ? -M CLR?LRM  QC LŽM FMSTCP BGQNMLG@GJGB?BC QS¤AGCLRC BC MVGE‘LGM  ? EJGA™JGQC NMBC  CK TCX BGQQM
    ECP?P ŠAGBM JŠARGAM  M OS?J LŽM NMBC CLRP?P BGPCR?KCLRC LM KCR?@MJGQKM ?CP™@GM /MP GQQM  ? EJGA™JGQC  GKNMPR?LRC L?
    NPMBSŽMBCCLCPEG?N?P??RGTGB?BCQR?LRM?CP™@G?QOS?LRM?L?CP™@G?Q
    EJGA™JGQCPCQSJR?CKNPMBSŽMBC 3/?N?PRGPB?BCEP?B?ŽMB?EJGAMQCNMPKCGMBCSK?QPGCBCPC?CQOS”​KGA?Q
    OSC MAMPPCK LM Q?PAMNJ?QK? B?Q AJSJ?Q ​KSQASJ?​PCQ  EJGAMQC NMBC QCP M@RGB? R?LRM B?Q PCQCPT?Q Q?LES”​LC?Q BC EJGAMQC
    OS?LRM BMQ CQRMOSCQ GLRP?​KSQASJ?​PCQ BC EJGAME‘LGM $VGQRC ?NCL?Q SK? BGDCPCL? CLRPC ? NPMBSŽM BC 3/ ? N?PRGP B?
    EJGAMQCC?OSCJ?BMEJGAME‘LGM2C?EJGAMQCDMPSQ?B?  3/LCACQQŠPGML?PC?ŽMOSCDMPLCACDMQD?RMN?P?NPMBSXGP
    EJGAMQC  DMQD?RM%GESP? $QQ?CR?N? AMKMRMB?QOSCCLTMJTCK?BGŽMBCEPSNMDMQD?RM?MSRP?KMJASJ? AF?K?B?
    BC DMQDMPGJ?ŽM "MKC?LBM AMK M EJGAME‘LGM  ? JGE?ŽM OS”​KGA? CLRPC ? KMJASJ? BC EJGAMQC C M PCQRM B? KMJASJ? BC
    EJGAME‘LGMOSC@P?B?BSP?LRCMNPMACQQMAF?K?BMBC.30*6.,5k30:, EJGAMQCDMQDMPGJ?B?NCJM/GHŠNPCQCLRC PCQSJR?LBM
    L? DMPK?ŽM BC EJGAMQC  DMQD?RM C NMSN?LBM  BCQQC KMBM  M SQM BC  KMJASJ? BC 3/ NCJ? AJSJ? OSC NMBCPG? QCP
    LCACQQŠPG? QC ? EJGAMQC NPMTCLGCLRC BM Q?LESC DMQQC SQ?B? N™Q ? DMPK?ŽM BC EJGAMQC  DMQD?RM  ?Q CR?N?Q PCQR?LRCQ B?
    EJGA™JGQCQŽMGB‘LRGA?Q GLBCNCLBCLRCKCLRCQCAMKCMSAMKEJGAMQCMSEJGAME‘LGM
    JK B? ? PC?ŽM  M 3/  LCACQQŠPGM L? ? PC?ŽM B? EJGA™JGQC  MS QCH?  JMEM LM GL”AGM B? TG? EJGAMJ”RGA?  OSC  SK
    NPMACQQM AMLQSKGBMP BC CLCPEG?  CK TCX BC NPMBSRMP #C D?RM  AMKC?P AMK ? EJGAMQC AMLQMKC  3/ HŠ AMK M
    EJGAME‘LGM   3/  LCACQQŠPGM N?P? AMKNJCR?P ?Q  NPGKCGP?Q PC?CQ NCL?Q BSP?LRC ?Q žJRGK?Q PC?CQ  ? EJGA™JGQC
    NPMBSX CLCPEG? QGLRCRGX?LBM  3/ CK  PC?CQ QCN?P?B?Q  ECP?LBM M RMR?J BC  3/ QGLRCRGX?BMQ #CQQ? K?LCGP?  M
    E?LFMJ”OSGBMCK 3/BCKMJASJ?Q OS?LBMQCAMKC?AMK?EJGAMQC CBC OS?LBMQCGLGAG?AMKMEJGAME‘LGM
    ?PC?ŽMBGTGBC?A?BCG?BCA?P@MLMQB?EJGAMQCCKA?BCG?QBCA?P@MLMQ ?PC?ŽMPCQSJR?CKPCKMŽMBC
    FGBPME‘LGM BC A?B? SK? B?Q A?BCG?Q BC  A?P@MLMQ  NPMBSŽM BC FGBPME‘LGMQ  GKNMPR?LRC  NMGQ QŽM LCACQQŠPGMQ N?P?
    NPMBSXGP?K?GMPG?BM 3/?CP™@GMTCPQCŽMY%MLRCQ?CP™@G?QBC 3/^ .QFGBPME‘LGMQNPMBSXGBMQL?EJGA™JGQCNMBCK
    QCP?ACGRMQNCJ?KMJASJ?A?PPC?BMP?BCFGBPME‘LGMQ>93?D9>1=941145>9>149>E3<5?Do45?$  MPGEGL?LBM- #'
    SK?KMJASJ?OSCRP?LQNMPR?MQFGBPME‘LGMQN?P??KGRMAšLBPG?N?P?QCPCKSQ?BMQLMKCR?@MJGQKM?CP™@GM QKMJASJ?Q
    BC- # QGKGJ?PCQ?MSRPMQA?PPC?BMPCQBCFGBPME‘LGM LŽMQŽMBCQRPS”​B?QAMLDMPKCRP?LQNMPR?KFGBPME‘LGMQN?P?SQMLM
    KCR?@MJGQKM ?CP™@GM 4K? TCX OSC ? - #' BM?  FGBPME‘LGM N?P? M NPMACQQM BM KCR?@MJGQKM ?CP™@GM  - #  NMBC
    K?GQ SK? TCX  ?RS?P AMKM PCACNRMP BC FGBPME‘LGM - #  NPCAGQ? ?ACGR?P FGBPME‘LGMQ B? EJGA™JGQC N?P? ?Q PC?CQ B?
    EJGA™JGQC AML​RG​LS?PCK QQGK  ? AML​RG​LS?ŽM B?Q PC?CQ EJGAMJ”RGA?Q BCNCLBC  CK N?PRC  B? ?ACGR?ŽM BC FGBPME‘LGMQ B?
    - #' NCJM KCR?@MJGQKM ?CP™@GM  C M KCR?@MJGQKM ?CP™@GM BCNCLBC B? NPCQCL? QS¤AGCLRC BC MVGE‘LGM -M CLR?LRM
    CVGQRCMSRP?K?LCGP?NCJ?OS?J- #'NMBCBM?PQCSQFGBPME‘LGMQ BCPGT?LBM- # 
    žJRGK?PC?ŽMB?EJGA™JGQCNPMBSXŠAGBMNGPžTGAM SK?KMJASJ?BCA?P@MLMQ2CMKCR?@MJGQKM?CP™@GMLŽMNMBC
    ?ACGR?P FGBPME‘LGMQ BC - #'  M ŠAGBM NGPžTGAM NMBC ?ACGR?P M FGBPME‘LGM C QC RMPL?P ŠAGBM JŠARGAM Z R?K@K SK?
    KMJASJ? BC  A?P@MLMQ  DMPK?ŽM BC ŠAGBM JŠARGAM  M KMRGTM NCJM OS?J ? EJGA™JGQC R?K@K  AF?K?B? BC :0:;,4( +,
    ,5,9.0(+6_*0+63_*;0*6
    $K PCQSKM  ?Q NPGKCGP?Q PC?CQ B? EJGA™JGQC NPCAGQ?K AMLQSKGP 3/ N?P? AML​RG​LS?P C ?Q žJRGK?Q PC?CQ NPMBSXCK
    3/ @CKAMKMFGBPME‘LGMQOSCNMBCKQCPSQ?BMQR?LRMLMKCR?@MJGQKM?CP™@GMN?P?ECP?P 3/OS?LRMN?P?MPGEGL?P
    ŠAGBMJŠARGAM?N?PRGPBMŠAGBMNGPžTGAM.PCQSJR?BMJ”OSGBMBC 3/OS?LBM?EJGA™JGQCAMKC?AMKEJGAMQC CBC 3/
    OS?LBMGLGAG?AMKEJGAME‘LGMsQTCXCQ MQFGBPME‘LGMQRP?LQNMPR?BMQNCJ?- #'MPGEGL?KK?GQ 3/CVRP?QNPMBSXGBMQ
    NCJM KCR?@MJGQKM ?CP™@GM  MQ OS?GQ LŽM CQRŽM GLAJS”​BMQ LM AŠJASJM BM 3/ J”OSGBM NPMBSXGBM BC K?LCGP? BGPCR? NCJ?
    EJGA™JGQC TCP QCŽM Y%MLRCQ ?CP™@G?Q BC 3/^  EMP?  CV?KGLCKMQ ?Q BGTCPQ?Q ?B?NR?CQ BM RPCGL?KCLRM OSC NMBCK
    KCJFMP?PMBCQCKNCLFMOS?LBM?EJGA™JGQC?DMLRCNPGKŠPG?BC 3/BSP?LRC??RGTGB?BCD”QGA?
    86DA0   DA0=C4 0 6;82{;8B4 0 6;82>B4 30 2>AA4=C4 B0=6Dw​=40 >D 0@D4;0 >1C830 0 ?0AC8A 3> 6;82>6u=8> t
    <4C01>;8H030 A4BD;C0=3> 4< ?8ADE0C> "P?HNO;FG?HN?
     I JCLOP;NI ?HNL; HI G?N;<IFCMGI ;?L•<CI IO Œ
    NL;HM@ILG;>I ?G F;=N;NI  ,<M?LP; M? I A;HBI FKOC>I >?  ?  NLC@IM@;NIM >? ;>?HIMCH; 1- J;L; =;>; AFC=IM?
    M;HAO​H?;?J;L;=;>;OG;I<NC>;;J;LNCL>IAFC=IAHCI
    L?MJ?=NCP;G?HN?
    J;MM;H>IJ?F;ML?;‹™?M>;AFC=•FCM? %†
    ?HTCG;M ;MMI=C;>;M ‰M P†LC;M L?;‹™?M  >;JN;>; >? -IQ?LM 0(
     %IQF?S "1  "R?L=CM? -BSMCIFIAS 1B?ILS ;H>
    JJFC=;NCIHNI#CNH?MM;H>-?L@ILG;H=? NB?> +?Q6ILE*=$L;Q%CFF 

    QQGK AMKM M 3/ C ? /" GLRP?​KSQASJ?P  ?Q ?B?NR?CQ ?M RPCGL?KCLRM MAMPPCK L?Q CLXGK?Q B? EJGA™JGQC C L?
    BGQNMLG@GJGB?BC BM QS@QRP?RM  LCQQC A?QM  EJGAME‘LGM GLRP?​KSQASJ?P  A?N?AGB?BC BC R?KNML?KCLRM OSC AMKNCLQ? M
    GKN?ARM LCE?RGTM BM ŠAGBM JŠARGAM R?K@K NMBC KCJFMP?P CK TGPRSBC BM RPCGL?KCLRM 4K? MS RMB?Q CQQ?Q ?B?NR?CQ
    NMBCK?KNJG?P?NPMBSŽMBC 3/?N?PRGPB?EJGA™JGQCC AMLQCOSCLRCKCLRC MBCQCKNCLFM2CCQQCQRGNMQBCKSB?L?Q
    ?AMLRCACKCKBCAMPP‘LAG?BMRPCGL?KCLRM?L?CP™@GMMS?CP™@GMCQC??JRCP?ŽM?DCR?BCK?LCGP?NMQGRGT?MBCQCKNCLFM
    GQQM N?PCAC BCNCLBCP BC TŠPGMQ D?RMPCQ  GLAJSQGTC B? CLXGK? EJGAMJ”RGA? CK N?P​RGASJ?P OSC CQRŠ QCLBM CV?KGL?B? B?
    CQNCAG¤AGB?BC TMJSKC  GLRCLQGB?BC  BSP?ŽM  BM NPMEP?K? BC RPCGL?KCLRM CK OSCQRŽM C B? BC¤LGŽM BC BCQCKNCLFM
    SKžLGAMMSA?N?AGB?BCBC:7905;PCNCRGBM A?N?AGB?BCBC:7905;ASPRMMSJMLEM  QCESGP ?@MPB?PCKMQ?Q?B?NR?CQ?M
    CVCPA”AGMBCCLXGK?QEJGAMJ”RGA?Q EJGAME‘LGMGLRP?​KSQASJ?PCA?N?AGB?BCBCR?KNML?KCLRM

    52AE2w‚6D52D6?K:>2D8=:4@={E:42D2@6I6C4{4:@
    JRCP?CQ L?Q CLXGK?Q EJGAMJ”RGA?Q NMBCK KCJFMP?P M BCQCKNCLFM R?LRM L?Q ?RGTGB?BCQ ?CP™@G?Q OS?LRM ?L?CP™@G?Q
    ?SKCLR?LBM ? BGQNMLG@GJGB?BC BC 3/ ? N?PRGP B? EJGA™JGQC Q CLXGK?Q B? EJGA™JGQC CQRSB?B?Q AMK DPC​OS‘LAG? QŽM ?
    EJGAME‘LGM DMQDMPGJ?QC  ? DMQDMDPSRMOSGL?QC /%*  C ? BCQGBPMECL?QC JŠARGA? +#'   EJGAME‘LGM DMQDMPGJ?QC A?R?JGQ? ?
    BCEP?B?ŽM BM EJGAME‘LGM GLRP?​KSQASJ?P CK EJGAMQC  /%* A?R?JGQ? ? DPSRMQC  DMQD?RM CK DPSRMQC   @GDMQD?RM  C  ?
    NPGLAGN?JCLXGK?JGKGR?LRCB?R?V?BCEJGA™JGQC +#'A?R?JGQ??AMLTCPQŽMBCNGPST?RMCKJ?AR?RM$JCT?CQLMQL”TCGQ
    BCQQ?QCLXGK?QDMP?KKMQRP?B?QCKBCAMPP‘LAG?BMRPCGL?KCLRMAMKNCQM  :7905;   C,5+<9(5*,-MCLR?LRM
    CQQ?Q?JRCP?CQCLXGKŠRGA?QLCKQCKNPCQŽMCLAMLRP?B?QAMKMRPCGL?KCLRM/MPCVCKNJM MQNPMEP?K?QBCRPCGL?KCLRM
    BC ,5+<9(5*, OSC BSP?K KCLMQ BC  QCK?L?Q ECP?JKCLRC LŽM PCTCJ?K ?SKCLRM B? ?RGTGB?BC B? /%*  CLOS?LRM ?JESLQ
    NPMEP?K?QBC?KCQCQKMQRP?P?K?RGTGB?BCB?/%*K?GQGLRCLQ?2CMQ?SKCLRMQL??RGTGB?BCBCACPR?QCLXGK?QLM
    ¤L?JB?QAMLR?Q?DCR?KMSLŽMMBCQCKNCLFM GQQMBCNCLBCBCMSRPMQD?RMPCQ/MPCVCKNJM ?CJCT?ŽMB?+#'NMBCLŽM
    KSB?P ? DSLŽM EJGAMJ”RGA?  NMGQ LŽM  SK? CLXGK? JGKGR?LRC  CLOS?LRM ?JRCP?CQ L? /%* NMBCK GLRCLQG¤A?P ? DSLŽM
    EJGAMJ”RGA? ECP?J NMP QCP SK? CLXGK? JGKGR?LRC . CDCGRM B?Q ?JRCP?CQ CLXGKŠRGA?Q R?K@K  BC BGD”AGJ GBCLRG¤A?ŽM
    OS?LBM MAMPPC FGNCPRPM¤? h SQASJ?P CK TGPRSBC BM RPCGL?KCLRM . RPCGL?KCLRM AMK NCQM OSC CQRGKSJ? ? FGNCPRPM¤?
    KSQASJ?PPCQSJR?CKBGKGLSGŽMB??RGTGB?BCB?/%*BCTGBM?MAPCQAGKCLRMBMR?K?LFMBM​KžQASJMQCK?JRCP?ŽMB?
    OS?LRGB?BCRMR?JBC/%* MOSCNPMKMTC?BGJSGŽMB?/%* JRCP?CQ AF?TCL?QCLXGK?QEJGAMJ”RGA?QNMBCKKCJFMP?PM
    BCQCKNCLFM MOSCTCKQCLBMBCKMLQRP?BMAMKMRPCGL?KCLRM?CP™@GMC?L?CP™@GM/MPK ?GLRCLQG¤A?ŽMB??RGTGB?BC
    CLXGKŠRGA? NMBC BCNCLBCP BM NPMEP?K? BC RPCGL?KCLRM ?L?CP™@GM MS ?CP™@GM CQNCA”¤AM PC?gGu?BM GLRCLQGB?BC BM
    RPCGL?KCLRM TMJSKC BSP?ŽM DPC​OS‘LAG? .D?RMBCSK??JRCP?ŽML??RGTGB?BCBCSK?CLXGK??A?PPCR?PKSB?L?QLM
    BCQCKNCLFM NMBC R?K@K BCNCLBCP BC MSRPMQ D?RMPCQ /MP CVCKNJM  M RPCGL?KCLRM AMK NCQM NMBC GLAPCKCLR?P ?
    FGNCPRPM¤? h SQASJ?P C ? DMP? KŠVGK?  AMLRSBM ? BGKGLSGŽM B? ?RGTGB?BC BC SK? CLXGK? EJGAMJ”RGA? CQNCA”¤A? NMBC
    MAMPPCPQGKSJR?LC?KCLRC.BCQCKNCLFM?CP™@GMNMBCQCPBC¤LGBMAMKM?F?@GJGB?BCBCAMPPCPIKMSSK?K?P?RML?C
    ?A?N?AGB?BCBC:7905;NMBCQCPBC¤LGB?AMKM?OSCJ?BCPC?gGu?P:7905;PCNCRGBMMSSKžLGAM#CQQCKMBM KCQKMOSC?
    GLRCLQG¤A?ŽM B?Q ?RGTGB?BCQ B?Q CLXGK?Q EJGAMJ”RGA?Q NMQQ? KCJFMP?P M BCQCKNCLFM  M CDCGRM QM@PC M BCQCKNCLFM LŽM 
    AJ?PMCBCNCLBCBCGLžKCPMQD?RMPCQ

    52AE2w‚6D5@8=:4@8y?:@:?EC2​>FD4F=2C2@6I6C4{4:@
    $JCT?CQBMEJGAME‘LGMGLRP?​KSQASJ?PNMBCK?DCR?PBCK?LCGP?NMQGRGT??NPMBSŽM?CP™@G?CEJGAMJ”RGA?BC 3/ NMGQM
    NPMBSRM ¤L?J B? EJGA™JGQC Z NGPST?RM Z NMBC CLRP?P LM KCR?@MJGQKM ?CP™@GM MS QC RP?LQDMPK?P CK ŠAGBM JŠARGAM v @CK
    ?ACGRM OSC M RPCGL?KCLRM BC ,5+<9(5*, CJCT? M EJGAME‘LGM GLRP?​KSQASJ?P  -M CLR?LRM  DMP?K BCKMLQRP?B?Q R?LRM
    CJCT?CQ OS?LRM LCLFSK? ?JRCP?ŽM LM EJGAME‘LGM GLRP?​KSQASJ?P ?N™Q M RPCGL?KCLRM AMK NCQM C BM RGNM :7905; 
    QQGKAMKM?Q?JRCP?CQCLXGKŠRGA?QEJGAMJ”RGA?Q M?SKCLRMBMEJGAME‘LGMGLRP?​KSQASJ?PAMKMRPCGL?KCLRMBCNCQMMS
    :7905;T?GBCNCLBCPBCTŠPGMQD?RMPCQAMKM?BSP?ŽMBMNPMEP?K?BCRPCGL?KCLRMCMRGNMCQNCA”¤AMBCRPCGL?KCLRMPC?gG*
    X?BM/MPCVCKNJM PCNCRGCQBC:7905;ASPRMQQCESLBMQ C?AMK@GL?ŽMBCPCNCRGCQBC:7905;:ASPRMQCJMLEMQ
     QCESLBMQ  LŽM ?A?PPCR?K ?JRCP?CQ LM EJGAME‘LGM GLRP?​KSQASJ?P CLRPCR?LRM  ?Q PCNCRGCQ BC :7905;: JMLEMQ  
    QCESLBMQ  NPMKMTCK ? CJCT?ŽM BM L”TCJ BC EJGAME‘LGM GLRP?​KSQASJ?P  TGQRM OSC ? NPMBSŽM EJGAMJ”RGA? BC 3/ QC RMPL?
    K?GQGKNMPR?LRCN?P?MBCQCKNCLFM

    52AE2w‚6D5242A24:525656E2>A@?2>6?E@
    4K?K?LCGP?BCKCJFMP?PMBCQCKNCLFMC?PCASNC​P?ŽMBCOS?JOSCP?RGTGB?BCOSC?A?PPCR?CJCT?ŽMB??AGBMQCGLRP?​
    KSQASJ?PR?KNML?PMQ”M​LQBCFGBPME‘LGMNPMBSXGBMQ/MPCVCKNJM SKQGQRCK?BCR?KNML?KCLRMCLTMJTC@GA?P@ML?RM
    BC Q™BGM 0S?LBM SK ŠAGBM DMPRC CQRŠ NPCQCLRC N?P? JG@CP?P ”M​LQ BC FGBPME‘LGM  M @GA?P@ML?RM BC Q™BGM -?'".  QC
    AMK@GL?AMKMQ”M​LQBCFGBPME‘LGM DMPK?LBMŠAGBMA?P@šLGAM'". SKŠAGBMK?GQDP?AM.​KžQASJMCQOSCJRGAMLŽM
    RCKR?KNCQGLRP?ACJSJ?PCQ.QR?KNCQGLRP?ACJSJ?PCQK?GQAMKSLQQŽM?QNPMRC”​L?QCMQEPSNMQDMQD?RM3?@CJ? -M
    CLR?LRM M@GA?P@ML?RMGLRP?ACJSJ?PR?K@KNMBC?EGPAMKMR?KNŽM3?LRMMRPCGL?KCLRMBC,5+<9(5*,OS?LRMMBC:7905;
    KMQRP?P?K OSC ?SKCLR?K ? A?N?AGB?BC BC R?KNML?KCLRM   NMPK LCK RMBMQ MQ CQRSBMQ PCTCJ?K ?SKCLRM BM
    NMRCLAG?JBCR?KNML?KCLRM2C?QA?N?AGB?BCQBCR?KNML?KCLRMCQRŽMK?GMPCQ NMQQ”TCJKCJFMP?PMBCQCKNCLFM NMGQ
    K?GQ 3/NMBCQCPNPMBSXGBM?LRCQOSC??AGBMQCCJCT?B?A?SQCPCBSŽMB?NPMBSŽMBCNMR‘LAG?CDMP?​KSQASJ?P

    ! 

    =:4=:D6xF>2DxC:656
    C62w‚6DBF{​>:42D:?56A6?56?E6D56@I:8y?:@BF6568C252>28=:4@D642AE2525@D2?8F6@F@3E:522
    A2CE:C5@8=:4@8y?:@C6DF=E2?5@6>7@C>2wv@56A:CFG2E@AC@5Fwv@56*&656{@​?D569:5C@8y?:@BF6A@56>D6CEC2?DA@CE25@D
    A2C2@>6E23@=:D>@26C3:@
    D252AE2w‚6D2@EC6:?2>6?E@?28=:4=:D6:?4=F6>:?E6?D:L42wv@522E:G:5256562=8F>2D6?J:>2D6=6G2wv@52DC6D6CG2D:?EC2$
    >FD4F=2​C6D568=:4@8y?:@62F>6?E@5242A24:525656E2>A@?2>6?E@:?EC2​>FD4F=2C

    '-.18- &5?@19-?01@-9<;:-91:@;=Ah​95/;

    )8BC4<0 ><?>=4=C4 548C>


    !GA?P@ML?RM !GA?P@ML?RMBCQ™BGM-?'". "MLTCPRCŠAGBMDMPRCCKŠAGBM
    A?P@šLGAM SKŠAGBMDP?AM
    %MQD?RM %MQD?RMBCQ™BGM-?'/. "MLTCPRCŠAGBMDMPRCCKDP?AM
    /PMRC”​L? &PSNM"..ZBCSK?NPMRC”​L? "MK@GL? QCAMK' L?NPCQCL?
    CVACQQGT?BCŠAGBM
    &PSNM?KšLG?-' BCSK?NPMRC”​L? "MK@GL? QCAMK' L?NPCQCL?
    BCŠAGBMCKCVACQQM

    )8BC4<0B4=H8<oC82>B04A{18>B

    NPMBSŽM?CP™@G?BC 3/M@TG?KCLRCKSGRMGKNMPR?LRCN?P?MBCQCKNCLFMB?Q?RGTGB?BCQBC,5+<9(5*,BCTGBM?QS?
    A?N?AGB?BCBCNPMBSXGPEP?LBCQOS?LRGB?BCQBC 3/QCKECP?PNPMBSRMQD?RGE?LRCQ NPMBSŽM?CP™@G?BC 3/MAMPPCL?
    KGRMAšLBPG? C CLTMJTC  EP?LBCQ QGQRCK?Q BC CLXGK?Q . NPGKCGPM BCQQCQ QGQRCK?Q CLXGKŠRGAMQ  M 393<? 45 !B52C
    R?K@K AF?K?BM BC *0*36 +6 _*0+6 *g;90*6   DSLŽM BM AGAJM BC *PC@Q  MVGB?P PCKMTCP FGBPME‘LGMQ C CJRPMLQ  MQ
    QS@QRP?RMQCNPMBSXGP?JESLQ 3/"?P@MGBP?RM EMPBSP?CNPMRC”​L?NMBCKN?PRGAGN?PBMAGAJMBC*PC@Q.QFGBPME‘LGMQ
    PCKMTGBMQBCRMBMQMQQS@QRP?RMQLMAGAJMBC*PC@QQŽMRP?LQNMPR?BMQNCJ?QKMJASJ?QA?PPC?BMP?QBCFGBPME‘LGMN?P?M
    MSRPMQGQRCK?CLXGKŠRGAM ?314591DB1>C@?BD14?B1455<lDB?>C"3$ )ŠDMGKCLAGML?B??- # SK?B?QKMJASJ?Q
    A?PPC?BMP?QBCFGBPME‘LGM.SRP?KMJASJ?RP?LQNMPR?BMP?BCFGBPME‘LGM?|1F9>1145>9>149>E3<5?ao45?% # $QQ?Q
     KMJASJ?Q A?PPC?BMP?Q BC FGBPME‘LGM AMLBSXCK FGBPME‘LGM C CJRPMLQ N?P? ? "3$ . RP?LQNMPRC BC FGBPME‘LGMQ C
    CJRPMLQ N?P? ? "3$  GKNMPR?LRC  NMGQ CJ?  PCQNMLQŠTCJ NMP @M? N?PRC B? NPMBSŽM BC 3/ BSP?LRC M KCR?@MJGQKM
    ?CP™@GM.PGEGL?JKCLRC MMVGE‘LGMJCT?BMN?P?MAMPNM?RP?TQBMQNSJKCQMPCACNRMP¤L?JBCFGBPME‘LGMCCJRPMLQ?M
    RPKGLMB?"3$ AMK@GL?ŽMBCŠRMKMBCMVGE‘LGMAMKBCFGBPME‘LGM. ' '. PCQSJR?L?DMPK?ŽMBC
    ŠES?  NPMBSŽM BC 3/ NCJ? "3$  BCLMKGL?B? BC 6?C6?B9<1kj? ?H941D9F1 . MVGE‘LGM LŽM N?PRGAGN? B?Q PC?CQ BM
    AGAJM BC *PC@Q  ?GLB? OSC QC ?APCBGRC OSC M AGAJM BC *PC@Q QCH? N?PRC BM KCR?@MJGQKM ?CP™@GM (LBCNCLBCLRCKCLRC QC
    A?P@MGBP?RM  EMPBSP? MS NPMRC”​L?  KCR?@MJGX?BM BC K?LCGP? ?CP™@G?  M NPMACQQM ?NPCQCLR?  EP?LBCQ AMKNMLCLRCQ
    PC?CQOSCNPMBSXCKKMJASJ?QA?N?XCQBCCLRP?PLMAGAJMBC*PC@Q MVGB?ŽMNCJMAGAJMBC*PC@QBCKMJASJ?QOSCLCJC
    NCLCRP?KAMKNPMBSŽMBC?JESK 3/CNPMBSŽMBC 3/L?"3$NMPDMQDMPGJ?ŽMMVGB?RGT?.ŠJ​AMMJR?K@KNMBCQCP
    KCR?@MJGX?BM!MVC K?Q CKECP?J LŽMTGQRMAMKMSKLSRPGCLRCBCTGBM?MQCDCGRMQLCE?RGTMQOSCCVCPACL?Q?ž​BC
    AMKM?SKCLRMBMPGQAMBC?JESLQRGNMQBCA‹LACPCBMCL​?A?PBGMT?QASJ?P

    ,4& <
    )47:1);67`4​+774

    Q A?JMPG?Q GLECPGB?Q NCJ?Q NCQQM?Q LŽM NPMT‘K ?NCL?Q BM AMLQSKM BC NPMRC”​L?Q  EMPBSP? C A?P@MGBP?RMQ /?P?
    ^MMJ AMLRK  A?JãEZ 4K žLGAM
    ?JESLQ  M ŠJ​AMMJ AMLRPG@SG BC K?LCGP? QGELG¤A?RGT? N?P? ? GLECQRŽM A?J™PGA? . ŠJ
    +9052NMBCAMLRCPACPA?BCEBCCR?LMJ MOSCCOSGT?JC?A?JMPG?QNPMTCLGCLRCQ?NCL?QBMŠJ​AMMJ CVAJSGLBM
    RMBMMPCQRM @?QR?LRCA?J™PGAM ?BGAGML?BMQ@C@GB?Q+MEM ?OSCJCQOSCAMLRPMJ?KMNCQMBCTCKCQR?P?RCLRMQN?P?
    ?QA?JMPG?QAMLQSKGB?QAMKMŠJ​AMMJ

    :4=@56"C63D
    EMP? T?KMQ?@MPB?PAMKMMAGAJMBC*PC@QC?"3$DSLAGML?KLMKCR?@MJGQKM?CP™@GM+CK@PC QCBCOSC?EJGA™JGQC
    MA?QGML? ? DMPK?ŽM BC NGPST?RM  SK? KMJASJ? BC  A?P@MLMQ . NGPST?RM  BCEP?B?BM  DMPK?LBM SK? KMJASJ? BC 
    A?P@MLMQ  ?ACRGJ "M  ? OS?J NMBC CLRP?P LM AGAJM BC *PC@Q -CQQC NPMACQQM   ŠRMKM BC A?P@MLM C  BC MVGE‘LGM BM
    NGPST?RMQŽMDMPLCAGBMQL?DMPK?BC". OSCCTCLRS?JKCLRCQCPŠCVNGP?BMNCJMQNSJKCQ ?ACRGJ "M AMK@GL? QCAMK
     KMJASJ? BC  A?P@MLMQ  MV?JM?ACR?RM  OSC NPMBSX AGRP?RM  SK? KMJASJ? BC  A?P@MLMQ %GESP?   .@QCPTC OSC M
    MV?JM?ACR?RM?KMJASJ?AMK?OS?J??ACRGJ "M QCAMK@GL?N?P?CLRP?PLMAGAJMBC*PC@QCNPMBSXGBMNCJ?žJRGK?
    PC?ŽMBMAGAJMBC*PC@Q/MPGQQM MAGAJMBC*PC@QAF?K?BMBCAGAJMMMV?JM?ACR?RMSQ?BML?NPGKCGP?PC?ŽMBCQQ?
    QPGCBCPC?CQCNPMBSXGBML?žJRGK?PC?ŽM#CNMGQBGQQM MAGRP?RMN?QQ?NMPSK?QPGCBCPC?CQOSCAMKNCKM
    AGAJM BC *PC@Q  PCQSJR?LBM L? DMPK?ŽM BC  KMJASJ?Q BC ". C  BC 3/ $K BGTCPQMQ NMLRMQ  FGBPME‘LGMQ C QCSQ
    CJRPMLQ ?QQMAG?BMQ AMK@GL?K QC AMK ?Q KMJASJ?Q A?PPC?BMP?Q BC FGBPME‘LGM - #  C % # N?P? DMPK?P - #' C
    % #'
    DMPK?ŽMBC 3/BSP?LRCMAGAJMBC*PC@QMAMPPCCK?NCL?QPC?ŽMDMPK?ŽMBCRPGDMQD?RMBCES?LMQGL? &3/ M
    OS?JGKCBG?R?KCLRCSQ?BMN?P?NPMBSXGP 3/  NCL?QSK?NCOSCL?OS?LRGB?BCBC 3/DMPK?B?BCK?LCGP?BGPCR??
    N?PRGPBMAGAJMBC*PC@Q!M?N?PRCBM 3/NPMBSXGB?NCJMRP?LQNMPRCBCFGBPME‘LGMQCCJRPMLQN?P??"3$ MLBCQŽM
    SQ?BMQN?P?NPMBSXGP 3/$KPCQSKM N?P?A?B??ACRGJ "M OSCCLRP?LMAGAJMBC*PC@Q ".  3/ - #'C
    % #'QŽMNPMBSXGBMQ
    86DA0  024C8;>>1C8303>20C01>;8B<>3>?8ADE0C>4=CA0=>282;>34!A41B ;>;;=?NCF IHI=C=FI
    >?(L?<ML?MOFN;H;JLI>O‹ŠI>?NLC@IM@;NI>?;>?HIMCH;1-
    >C•​RC>I>?=;L<IHI?I​HM>?BC>LIAHCI
    IMKO;CM
    MŠI =;LL?;>IM J;L; I MCMN?G; NL;HMJILN;>IL >? ?FŒNLIHM J?F;M GIFŒ=OF;M =;LL?;>IL;M >? ?FŒNLIHM
     IH>? ; P;MN;
    G;CILC;>I1-ŒJLI>OTC>;J?FIG?N;<IFCMGI;?L•<CI

    +MEM  AMKM MQ FGBPME‘LGMQ C CJRPMLQ QŽM RP?LQNMPR?BMQ N?P? ? "3$ SQ?B? N?P? NPMBSXGP 3/ NMP DMQDMPGJ?ŽM
    MVGB?RGT?#MGQNPMACQQMQMAMPPCK?MKCQKMRCKNML?"3$ PCQSJR?LBMCKNPMBSŽMBC 3/4KBCJCQCLTMJTCCJRPMLQ
    C M MSRPM  FGBPME‘LGMQ -? "3$  N?PCQ BC CJRPMLQ N?QQ?K BC SK AGRMAPMKM N?P? MSRPM C  AMK GQQM  FŠ JG@CP?ŽM BC
    CLCPEG?QS¤AGCLRCCKNMLRMQN?P??DMQDMPGJ?ŽMBM #/ NPMBSXGLBM 3/%GESP? $LRPCR?LRM GQQMLŽMBCQAPCTC
    NMP AMKNJCRM AMKM M 3/  BC D?RM NPMBSXGBM  KGRMAšLBPG? RCK KCK@P?L?Q GLRCPL?Q C CVRCPL?Q C AMKN?PRGKCLRMQ
    GLRCPLMQCCVRCPLMQ%GESP?  CLCPEG?JG@CP?B?L?DMPK?BCCJRPMLQN?QQ?BCSKAGRMAPMKMN?P?MQCESGLRCL?"3$
    QCLBM SQ?B? N?P? @MK@C?P  BC K?LCGP? ?RGT?  MQ ”M​LQ BC FGBPME‘LGM BM AMKN?PRGKCLRM GLRCPLM N?P? M CVRCPLM MS QCH?
    CQN?M GLRCPKCK@P?L?Q  B? KGRMAšLBPG? (QQM NPMBSX EP?BGCLRC BC AMLACLRP?ŽM AMK K?GQ ”M​LQ BC FGBPME‘LGM LM
    AMKN?PRGKCLRMCVRCPLM$QQCEP?BGCLRCBCAMLACLRP?ŽM?DMLRCBCCLCPEG?N?P??NPMBSŽMBC 3/3P‘Q@MK@?QCQRŽM
    BCLRPMB?KCK@P?L?GLRCPL?%GESP? /?P?A?B?CJRPMLQOSCQCKMTGKCLR?K?MJMLEMB?"3$ A?B?SK?B?Q
    @MK@?QBCQJMA?CJRPMLQBMAMKN?PRGKCLRMGLRCPLMN?P?MCVRCPLM?C?@MK@?QKMTGKCLR?K”M​LQBCFGBPME‘LGM ?
    ?  ?NCL?Q  ”M​LQ BC FGBPME‘LGM  .Q ”M​LQ BC FGBPME‘LGM NPMTCLGCLRCQ BC - #' CLRP?K L? "3$ ?LRCQ B? ? @MK@?
    CLOS?LRM MQ CJRPMLQ A?PPC?BMQ NMP % #' CLRP?K L? "3$ ?N™Q ? ? @MK@? (QQM D?X AMK OSC K?GQ CJRPMLQ QCH?K
    @MK@C?BMQBMAMKN?PRGKCLRMGLRCPLMN?P?MCVRCPLMOS?LBMMQFGBPME‘LGMQQŽMRP?LQNMPR?BMQN?P??"3$NMP- #'
    =:CJRPMLQ $QQ?BGDCPCL?NPMKMTC?A?N?AGB?BCBCNPMBSXGPK?GQ 3/OS?LBMMQFGBPME‘LGMQQŽMRP?LQNMPR?BMQ
    N?P??"3$NMP- #'CKAMKN?P?ŽMAMK% #'
    86DA0   ,8Br> 64A0; B8<?;8J2030 30 5>A<0sr> 34 CA85>B50C> 34 034=>B8=0 *& 4<  ;>208B =0 203480
    CA0=B?>AC03>A0344;tCA>=B*,<M?LP?KO?IM?FŒNLIHM=;LL?;>IMJIL#!%?HNL;GH; 1";J•MIM?FŒNLIHM
    =;LL?;>IMJIL+!%
    L?MOFN;H>I?GG?HIM1-JLI>OTC>IJ?FIM?FŒNLIHMNL;HMJILN;>IMJIL#!%
    86DA0  ><10B34w>​=B34783A>6u=8><>E8<4=C0<3>2><?0AC8<4=C>8=C4A=>?0A0>4GC4A=>
    30<8C>2|=3A80,<IG<?;G?HNIL?MOFN;?GAL;>C?HN?>?=IH=?HNL;‹ŠI>?%
    =IG=IH=?HNL;‹ŠIG;CM?F?P;>;>?
    %  HI =IGJ;LNCG?HNI ?RN?LHI  "MM? AL;>C?HN? >? =IH=?HNL;‹ŠI Œ OM;>I J?FIM =IGJF?RIM L?MJCL;N•LCIM J;L;
    JLI>OTCLNLC@IM@;NI>?;>?HIMCH;1-

    KCK@P?L?KGRMAMLBPG?JGLRCPL?GKNCPKCŠ​TCJ?MQ”M​LQBCFGBPME‘LGM JMEMAMKMNMBC?CVGQR‘LAG?BCEP?BGCLRCBC
    AMLACLRP?ŽMBC”M​LBCFGBPME‘LGMPCQSJR?PCKDMPK?ŽMBC 3/.EP?BGCLRCBCAMLACLRP?ŽMBC”M​LBCFGBPME‘LGMAPG?
    SKRGNMBCCLCPEG?NMRCLAG?JOSCNMBCQCPSQ?B?N?P?DMQDMPGJ?P #/CK 3/?NCL?QQCMQ”M​LQBCFGBPME‘LGMNSBCPCK
    PCBSXGP QCS EP?BGCLRC BC AMLACLRP?ŽM BM AMKN?PRGKCLRM GLRCPLM N?P? M CVRCPLM $K@MP? ? KCK@P?L? GLRCPL? QCH?
    GKNCPKCŠ​TCJ ?MQ ”M​LQ BC FGBPME‘LGM  A?L?GQ CQNCAG?GQ BC ”M​LQ BC FGBPME‘LGM  AF?K?BMQ 3?=@<5H?C B5C@9B1DsB9?C
    NCPKGRCK OSC MQ ”M​LQ BC FGBPME‘LGM N?QQCK NCJ? KCK@P?L? GLRCPL? "MLDMPKC MQ ”M​LQ BC FGBPME‘LGM N?QQ?K NCJ?
    KCK@P?L?  CJCQ ?RGT?K ? CLXGK? 3/ QGLR?QC  BGQNMLG@GJGX?LBM CLCPEG? QS¤AGCLRC N?P? ? DMQDMPGJ?ŽM BC #/ CK 3/
    GLB?OSCK?GQ 3/NMQQ?QCPNPMBSXGBMOS?LBMMQCJRPMLQQŽMA?PPC?BMQN?P??"3$NMP- #'CKAMKN?P?ŽMAMK
    % #' ?OS?LRGB?BCRMR?JBC 3/NPMBSXGBMNCJ?"3$SK?CQRGK?RGT? NMGQ?OS”​KGA?B?@MK@?BC”M​LBCFGBPME‘LGM
    ?Q”LRCQCBC 3/C?QKMJASJ?QA?PPC?BMP?QBCFGBPME‘LGMNMBCKT?PG?PJGECGP?KCLRC
    . MVGE‘LGM ​?RS? AMKM PCACNRMP ¤L?J BMQ N?PCQ BC CJRPMLQ N?QQ?BMQ N?P? ? "3$ C  OS?LBM AMK@GL?BM AMK 
    FGBPME‘LGMQ  DMPK? ŠES? . MVGE‘LGM  LCACQQŠPGM N?P? ?RS?P AMKM PCACNRMP ¤L?J BC CJRPMLQ N?P? K?LRCP ? "3$
    DSLAGML?LBM-?QNP™VGK?QQCCQ MKCR?@MJGQKM?CP™@GMAMKNJCRMC?NPMBSŽMBC 3/?N?PRGPBMQA?P@MGBP?RMQ B?Q
    EMPBSP?QCB?QNPMRC”​L?QQCPŽMBGQASRGBMQAMKK?GQBCR?JFCQ
    'C@5Fwv@26C3:256+'2A2CE:C5@42C3@:5C2E@
    NPMBSŽMRMR?JBC 3/?N?PRGPB?MVGB?ŽMBMA?P@MGBP?RMBCNCLBCB?OS?LRGB?BCBC 3/NPMBSXGBML?EJGA™JGQC LM
    AGAJM BC *PC@Q C L? "3$ 3?@CJ?   +CK@PC QC BC OSC ? žLGA? BGDCPCL? CLRPC M KCR?@MJGQKM EJGAMJ”RGAM B? EJGAMQC
    BCPGT?B? B? AMPPCLRC Q?LES”​LC? C B? KMJASJ? BC EJGAMQC M@RGB? ? N?PRGP BM EJGAME‘LGM CQRŠ L? ? PC?ŽM B? TG?  ? OS?J
    NPMBSX EJGAMQC  DMQD?RM %GESP?   2C AMKC?P AMK EJGAMQC MPGSLB? BM Q?LESC   3/  LCACQQŠPGM N?P? NPMBSXGP
    EJGAMQC  DMQD?RM ?MN?QQMOSCQCGLGAG?PAMKEJGAMQCM@RGB?BMEJGAME‘LGM ?CR?N?OSCAMLQMKCCLCPEG?LŽMLCACQQŠPG?
    $QQ? BGDCPCL? PCQSJR? L? NPMBSŽM J”OSGB? BC  KMJASJ? ? KCLMQ BC 3/ OS?LBM M QS@QRP?RM MPGEGL?J  ? EJGAMQC BM
    Q?LESC QQGK ?EJGA™JGQCNMQQG@GJGR?ME?LFMJ”OSGBMBC 3/?N?PRGPB?EJGAMQCCBC 3/?N?PRGPBMEJGAME‘LGM.
    AGAJMBC*PC@QNPMBSX 3/NMPKMJASJ?BCEJGAMQC JKBGQQM ?EJGA™JGQC MAGAJMBC*PC@QC?AMLTCPQŽMBCNGPST?RM
    CK?ACRGJ "M NPMBSXCKFGBPME‘LGMQOSCQŽMRP?LQNMPR?BMQN?P??"3$NMP- #'MS% #'C 3/NMPDMQDMPGJ?ŽM
    MVGB?RGT? . PCQSJR?BM J”OSGBM B? MVGB?ŽM B? EJGAMQC C BM EJGAME‘LGM  BC  C  KMJASJ?Q BC 3/  PCQNCARGT?KCLRC
    $LRPCR?LRM CQQCQRMR?GQQŽMCQRGK?BMQ NMGQNMBCF?TCPJGECGP?QGLAMLQR‹LAG?QL?NPMBSŽMBC 3/BCTGBMQT?PG?CQLM
    @MK@C?KCLRMBCFGBPME‘LGML?"3$ L?Q”LRCQCBC 3/CCKAMKMMQCJRPMLQBCFGBPME‘LGMQŽMA?PPC?BMQN?P??"3$

    @?E6D5642C3@:5C2E@A2C2@>6E23@=:D>@
    EJGAMQCN?P?SQMLMKCR?@MJGQKM?CP™@GMNMBCQCPM@RGB?BMQ?LESCMSBMEJGAME‘LGMGLRP?​KSQASJ?P2C?AMLACLRP?ŽM
    BCEJGAMQCQ?LES”​LC?DMP@?GV? AMKMCLRPC?QPCDCGCQMSBCTGBM?MSQMB?EJGAMQCLMKCR?@MJGQKM MD”E?BM?JG@CP?L?
    AMPPCLRCQ?LES”​LC?BCEP?B?LBMQS?QPCQCPT?QBCEJGAME‘LGM2C?AMLACLRP?ŽMBCEJGAMQCLMQ?LESCDMP?JR? AMKMJMEM
    ?N™QSK?PCDCGŽMPGA?CKA?P@MGBP?RM MD”E?BMCMSRPMQRCAGBMQ GLAJSQGTCM​KžQASJMCQOSCJRGAMCMAPC@PM!MVC
    PCKMTCK EJGAMQC BM Q?LESC N?P? QCP GKCBG?R?KCLRC SQ?B? LM KCR?@MJGQKM MS ?PK?XCL?B? L? DMPK? BC EJGAME‘LGM
    K?LSRCLŽMB?QAMLACLRP?CQBCEJGAMQCLMQ?LESCTCP"?N”RSJM 2GQRCK?$LB™APGLM BCLRPMB?QT?PG?CQLMPK?GQ
    PCQSJR?LRC B? GLRCP?ŽM BM D”E?BM  BM RCAGBM ​KSQASJ?P  BM N‹L​APC?Q QCAPCŽM BMQ FMPKšLGMQ EJSA?EML C GLQSJGL?  C B?Q
    EJ‹LBSJ?QQSNP?PPCL?GQQCAPCŽMBMFMPKšLGM?BPCL?JGL? /MPFMP? QS¤AGCLRCQ?@CPOSC BSP?LRC?Q?RGTGB?BCQBC@?GV?
    GLRCLQGB?BC  M RCAGBM ​KSQASJ?P SRGJGX? EJGAMQC NPGLAGN?JKCLRC Q?LES”​LC? LM KCR?@MJGQKM ?CP™@GM  NMPK  BSP?LRC M
    CVCPA”AGMBCGLRCLQGB?BCKMBCP?B? ?Q¤@P?Qh SQASJ?mCQSQ?KR?LRM?EJGAMQCAGPASJ?LRCOS?LRMMEJGAME‘LGMGLRP?h SQASJ?P
    N?P? QSNPGP M KCR?@MJGQKM ?CP™@GM #C KMBM ECP?J  M KCR?@MJGQKM B? EJGAMQC  @CK AMLRPMJ?BM KCQKM BSP?LRC M
    CVCPA”AGM CLRPCR?LRM  L? BMCL​? BC ,A PBJC  SK? ?LMPK?JGB?BC ECLRGA? NPCHSBGA? M KCR?@MJGQKM B? EJGAMQC BC DMPK?
    BPŠQRGA?!MVC 
    JK BM EJGAME‘LGM GLRP?​KSQASJ?P  BM EJGAME‘LGM FCNŠRGAM C B? EJGAMQC Q?LES”​LC?  CVGQRCK DMLRCQ GLBGPCR?Q BC
    A?P@MGBP?RM BGQNML”TCGQ N?P? KCR?@MJGQKM JESLQ ?KGLMŠ​AGBMQ NMBCK QCP SRGJGX?BMQ N?P? QGLRCRGX?P EJGAMQC TCP QCŽM
    Y4RGJGX?ŽMB?NPMRC”​L?LMKCR?@MJGQKM?CP™@GM^ @CKAMKM?NMPŽMBCEJGACPMJBMQRPGEJGACP”BGMQTCPQCŽMY/PMBSŽM
    BC 3/LMKCR?@MJGQKM?CP™@GM?N?PRGPBMQRPGEJGACP”BGMQ^ /MPMSRPMJ?BM CQQ?QDMLRCQEJGAMLCME‘LGA?QBCEJGAMQCQŽM
    KSGRMNMSAMSRGJGX?B?Q4K?DMLRCBCKCR?@MJGQKMBMA?P@MGBP?RMSRGJGX?B?BSP?LRCMCVCPA”AGM C?RKCQKMBSP?LRCM
    PCNMSQM MJ?AR?RM.SQMBMJ?AR?RM MSŠAGBMJŠARGAM LMKCR?@MJGQKM?CP™@GMNMBCMAMPPCPBCK?LCGP?Q.AGAJMBC
    "MPG %GESP?   RCK GL”AGM AMK ? NPMBSŽM BC J?AR?RM NCJM ​KžQASJM CQOSCJRGAM MS MSRPMQ RCAGBMQ  M OS?J AFCE? ?M
    Q?LESC C  RP?LQNMPR?BM N?P? M D”E?BM  MLBC  SQ?BM N?P? QGLRCRGX?P EJGAMQC $K QCESGB?  ? EJGAMQC PCAK DMPK?B? NMBC
    QCPTGP N?P? K?LRCP MQ L”TCGQ BC EJGAMQC Q?LES”​LC? MS N?P? QGLRCRGX?P EJGAME‘LGM FCNŠRGAM  YFGN™RCQC B?Q J?L?BCGP?Q BC
    J?AR?RM^MSRP?K?LCGP?NCJ?OS?J?EJGAMQCNMBCQCPSQ?B?LMKCR?@MJGQKM#C?AMPBMAMKCQQ?RCMPG? SK?TCXOSCM
    J?AR?RMBCGV?M​KžQASJMCCLRP?LMQ?LESC CJCNMBCQCPSRGJGX?BMLŽM?NCL?QLMAGAJMBC"MPGBMD”E?BMAMKMR?K@KNMP
    MSRPMQRCAGBMQ GLAJSQGTCM​KžQASJMCQOSCJRGAM N?P?QGLRCRGX?PEJGAME‘LGMMSQCPRP?LQDMPK?BMCKNGPST?RMCN?PRGAGN?PBM
    KCR?@MJGQKM?CP™@GM%GESP? .J?AR?RMNPMBSXGBMNCJM​KžQASJMCQOSCJRGAMMSNMPMSRPMQRCAGBMQNMBCAGPASJ?PLM
    Q?LESCCQS@QCOSCLRCKCLRCQCPSQ?BMNCJM​KžQASJMCQOSCJRGAMGL?RGTM NCJM​KžQASJMA?PB”?​AMCNCJMQPGLQN?P?QGLRCRGX?P
    EJGAME‘LGMMSQCPRP?LQDMPK?BMCKNGPST?RM/MPCVCKNJM QCMQL”TCGQQ?LES”​LCMQBCJ?AR?RMQCCJCT?K?AGK?BMQT?JMPCQ
    BC PCNMSQM  AMKM BSP?LRC ? ?RGTGB?BC ?L?CP™@G?  M ​KžQASJM CQOSCJRGAM GL?RGTM NMBC SRGJGX?P J?AR?RM N?P? QGLRCRGX?P
    EJGAME‘LGMMSNGPST?RM PCBSXGLBM ?QQGK ?AMLACLRP?ŽMBCJ?AR?RMBMQ?LESC JKBGQQM ?N™Q??RGTGB?BC?L?CP™@G? M
    KCQKM ​KžQASJM CQOSCJRGAM OSC BSP?LRC ? ?RGTGB?BC NPMBSXGS J?AR?RM NMBC AMLTCPRCP M J?AR?BM M@RGBM BM Q?LESC CK
    EJGAME‘LGMMSNGPST?RM BGKGLSGLBM BCQQCKMBM ?AMLACLRP?ŽMBCJ?AR?RMQ?LES”​LCM?MKCQKMRCKNMOSCPC?@?QRCAC?Q
    PCQCPT?QBCEJGAME‘LGMGLRP?​KSQASJ?P QQGK L?FGN™RCQCB?QJ?L?BCGP?QBCJ?AR?RM MJ?AR?RMLŽMSKNPMBSRMPCQGBS?JBM
    KCR?@MJGQKM?L?CP™@GM K?QSKKCGMBCRP?LQNMPR?PA?P@MGBP?RML?DMPK?BCJ?AR?RMNCJMAMPNM ?¤KBCQCPSQ?BMNCJMQ
    BGDCPCLRCQRCAGBMQ

    '-.18-  ';@-801@>52;?2-@;01-01:;?5:-'#2;>9-0;-<->@5>0;/->.;50>-@;0A>-:@1;
    91@-.;85?9;-1>k.5;-

    ;82{;8B4 *&306;82>B4 *&346;82>6u=8>

    %MQDMPGJ?ŽMB?EJGAMQC Z 
    %MQDMPGJ?ŽMB?DPSRMQC  DMQD?RM Z Z
    /PMBSŽMCKCR?N?QL?EJGA™JGQC  
    KMJASJ?QBC- #'N?P?A?BCG?RP?LQNMPR?BMP?BCCJRPML"3$  
    &9BEF1D?5=135D9<?
    KMJASJ?QBC- #'N?P?"3$  
    93<?45!B52C
    /PMBSŽM?N?PRGPBCRPGDMQD?RMBCES?LMQGL?  
    KMJASJ?QBC- #'N?P?"3$  
    KMJASJ?QBC% #'N?P?"3$  
    3MR?J  
    ?.QAŠJASJMQCQRGK?K 3/NMP- #'C 3/NMP% #'

    ,4& <
    7,-:,)5-6<-
    . APC@PM PCNPCQCLR? ?NCL?Q ACPA? BC  BM NCQM AMPNMP?J -M CLR?LRM   PCQNMLQŠTCJ NMP ACPA? BC  BM SQM
    RMR?JB?EJGAMQC$JCSRGJGX??EJGAMQC OSCLŽMNMBCQCP?PK?XCL?B?L?QAJSJ?QACPC@P?GQCNPCAGQ?QCPDMPLCAGB?NCJ?
    AGPASJ?ŽM  OS?QC OSC CVAJSQGT?KCLRC AMKM DMLRC BC CLCPEG? NPCDCPCLAG?J $K AMLBGCQ AMKM DMKC MS BG?@CRCQ
    OS?LBM?NCL?QSK?OS?LRGB?BCJGKGR?B?BCEJGAMQCCQRŠBGQNML”TCJ MAPC@PMRCK?A?N?AGB?BCCQNCAG?JBCR?K@K
    SQ?PACRML?QNPMBSRMQBMKCR?@MJGQKMB?EMPBSP?LMQA?QMQCKOSC?GLQSJGL?C?GLECQRŽMA?J™PGA?QŽM@?GV?Q N?P?
    NPMBSXGPCLCPEG?

    ,4& ;
    7-6d),-+:,4-C#58:7*4-5)/-6e<1+7,-=<141B)dc7,7
    /41+7/f617675-<)*741;57
    <5:1>4B?"E391#&8
    <967,(5"50=,9:0;@6-(+90+
    (+90:7(5/(

    BMCL​?BC,A PBJCSKBGQRžP@GMECLRGAMA?P?ARCPGX?BMNCJ?RMR?JD?JR?BC?RGTGB?BCB?CLXGK?PCQNMLQŠTCJNCJ?
    BCEP?B?ŽM BM EJGAME‘LGM L?Q ¤@P?Q h SQASJ?mCQ CQOSCJRGA?Q  GQRM   ? KGMDMQDMPGJ?QC v SK? BMCL
    ≠? PCJ?RGT?KCLRC
    GLAMKSK DPC​OS‘LAG? BC  LMQ $4  BCQAPGR? ?NCL?Q L?Q NMNSJ?CQ @P?LA?Q C H?NMLCQ?Q .Q N?AGCLRCQ
    ?NPCQCLR?KB?QACPA?BCKSR?CQECLRGA?Q$QQ?QKSR?CQNMBCKMA?QGML?PBGDCPCLRCQ?JRCP?CQNPMRC”​L?
    RPSLA?B? ?SQ‘LAG?BCK1- CRA PCQSJR?LBMCKGL?RGTGB?BCCLXGKŠRGA?C AMKGQQM GLA?N?AGB?BCBCBCAMKNMPM
    EJGAME‘LGM?PK?XCL?BML?Q¤@P?QBMQh žQASJMQCQOSCJRGAMQ
    BMCL​?DMGNPGKCGP?KCLRCBCQAPGR?CKSKFMKCKBC?LMQBCGB?BCNCJMKBGAM@PGR‹LGAM!PG?L,A PBJC
    CK  . HMTCK N?AGCLRC PCJ?R?T? KG?JEG? BMP ​KSQASJ?P  CK RMBMQ MQ ​KžQASJMQ CLTMJTGBMQ CK BCRCPKGL?BM
    CVCPA”AGMCDMPRCGLRMJCP‹LAG??MCVCPA”AGMCKOS?QCRMBMQMQRGNMQBC?RGTGB?BCQD”QGA?Q
    $VGQRC SK EP?S BC T?PG?@GJGB?BC KSGRM EP?LBC LMQ  KMKCLRMQ BM QSPEGKCLRM BMQ QGLRMK?Q R”NGAMQ B? BMCL​?
    GLD‹LAG?nGB?BC?BSJR? CLMEP?SB?GLRMJCP‹LAG??MCVCPA”AGM BMCL​?NMBCQCP@?QR?LRCGLA?N?AGR?LRCCKKSGRMQ
    GL​BG​T”​BSMQ  CLOS?LRM CK MSRPMQ   K?GQ SK? GBGMQQGLAP?QG? BM OSC SK? BMCL​? $VACRM CK ?JESLQ A?QMQ  AMKM L?
    Q”LBPMKCB?KMPRCQž@GR?BMJ?ARCLRCMSL?GLQS¤AG‘L^G?PCQNGP?R™PG?D?R?JNMPDP?OSCX? ?BMCL≠?BC,A PBJCSK?
    AMLBGŽM@CLGEL?3MB?TG? ?OS?JGB?BCBCTGB?BMQN?AGCLRCQ CKEP?LBCN?PRCBMQA?QMQ NPCHSBGA?B? SK?TCXOSC
    OS?QCRMBMQ?NPCQCLR?KGLRMJCP‹LAG??MCVCPA”AGMC?K?GMPG?BCKMLQRP?PCBSŽMB?A?N?AGB?BCDSLAGML?JCKEP?LBC
    N?PRC B?Q R?PCD?Q D”QGA?Q B? TGB? BGŠ​PG? "MK K?GQ DPC​OS‘LAG?  MQ N?AGCLRCQ PCJ?R?K DP?OSCX? ​KSQASJ?P NPCK?RSP?
    D?BGE?  C  ?JESK?Q TCXCQ  AŽG@P?Q ?N™Q  ?  QCESLBMQ BM CVCPA”AGM BC ASPR? BSP?ŽM CLTMJTCLBM
    NPCBMKGL?LRCKCLRC EJGA™JGQC ?L?CP™@G?  C LMQ NPGKCGPMQ  ?  KGL BMQ CVCPA”AGMQ BC ,5+<9(5*, OSC CLEJM@?K
    EP?LBCQEPSNMQ​KSQASJ?​PCQAMKMA?KGLF?PC?LB?PBC@GAGAJCR? -MžJRGKMA?QM MN?AGCLRCPCJ?R?KG?JEG?KSGRM
    BCQ?EP?BŠTCJ  DP?OSCX?  D?JR? BC ?P C R?OSGA?PBG? N CV  ?R  @NKZ  BSP?LRC ? RP?LQGŽM BM PCNMSQM N?P? M
    CVCPA”AGMBCTGBMDMQDMPGJ?ŽMMVGB?RGT?BCQS@QRP?RMJGKGR?B?C@?GV?BGQNMLG@GJGB?BCBCAMK@SQR”TCGQMPGSLBMQBM
    Q?LESCEJGAMQCCŠAGBMQEP?VMQJGTPCQ $QQCQQGLRMK?QQC?RCLS?KQCKNPCCKKCLMQBCKGLBCTGBM?M?SKCLRM
    KCBG?BMNCJ?EJGAMQCBMQ?LESCB?DMQDMPGJ?ŽMMVGB?RGT? SKDCLšKCLMAMLFCAGBMAMKMYQCESLBMQMNPM^#CD?RM
    MQNMPR?BMPCQB?BMCL​?BC,A PBJCQŽMMQžLGAMQFSK?LMQOSCK?LGDCQR?KCQQCDCLšKCLM MOS?JNMBCQCPSQ?BM
    N?P??HSB?PLMBG?EL™QRGAMB?BMCL​? GLECQRŽMBCA?P@MGBP?RMQEBCEJGAMQC ?KGL?LRCQBCAMKC?PM
    CVCPA”AGM?LSJ?AMKNJCR?KCLRCMDCLšKCLMC?JGTG??GLRMJCP‹LAG??MCVCPA”AGMBMQN?AGCLRCQNMPKCGMBM?SKCLRM
    B?BGQNMLG@GJGB?BCBCEJGAMQCQ?LES”​LC??MQ​KžQASJMQCKCVCPA”AGM?N?PRGPBMGL”AGMB?R?PCD?D”QGA?
    "MK DPC​OS‘LAG?  ? A?N?AGB?BC DSLAGML?J BCQQCQ N?AGCLRCQ  KSGRM @?GV?  GQRM   M NGAM BC A?NR?ŽM BM MVGE‘LGM
    5\.NGAM    CK ECP?J   MS    KlãIEZãKGLZ  B?OSCJC BMQ GL​BG​T”​BSMQ Q?SBŠTCGQ JK BGQQM  CJCQ R?K@K
    CVG@CKPCQNMQR?A?PBGMT?QASJ?PFGNCPAGLRGA??MCVCPA”AGMBGL‹KGAM?SKCLRMBMB@GRMA?PB”?​AMP?XŽMBM5. M
    OSCPC¥CRC?@?GV?A?N?AGB?BCBMQ h žQASJMQBCAMLQSKGPMVGE‘LGMBCTGBM?M@JMOSCGMB?EJGA™JGQC?CP™@G? $VACRM
    OS?LBM ? EJGAMQC  GLECPGB? ?LRCQ  MQ L”TCGQ BC J?AR?RM Q?LES”​LCM EP?BS?JKCLRC BGKGLSCK BM GL”AGM ?M ¤K BM
    CVCPA”AGMBGL‹KGAM OSC BCK?LCGP?EP?B?RGT? ?SKCLR?BCGLRCLQGB?BCBCTGBMD?JR?BCEJGAMQCN?P?SQML?EJGA™JGQC
    ?L?CP™@G? NCQ?PB?D?JR?BC?AGBMQCJŠARGA? DP?OSCX?​KSQASJ?PCD?BGE?JMEMMAMPPCKLCQQCQN?AGCLRCQ MOSCGLBGA?
    OSC??AGBMQCJŠARGA?LŽM?NPGLAGN?JA?SQ?MSNCJMKCLMQLŽM?žLGA? BCD?BGE?​KSQASJ?PCKFSK?LMQ
    #GTCPQ?Q GLRCPTCLCQ DMP?K NPMNMQR?Q N?P? KGLGKGX?P ? GLRMJCP‹LAG? ?M CVCPA”AGM BMQ N?AGCLRCQ NMPR?BMPCQ B?
    BMCL​? BC ,A PBJC  AMKM GLECQRŽM BC A?P@MGBP?RM ?LRCQ B? NPŠRGA? BM CVCPA”AGM  QM@PCA?PE? BC APC?RGL?  BGCR?
    ACRME‘LGA?CRPCGL?KCLRMBC,5+<9(5*,.RPCGL?KCLRM?CP™@GMNMPACPA?BCKCQCQKMQRPMSOSCCJCT?MNGAMB?
    A?N?AGB?BC BC RP?@?JFM BMQ N?AGCLRCQ CK RMPLM BC  $K@MP? K?GQ NCQOSGQ?Q QCH?K LCACQQŠPG?Q  B?BMQ
    NPCJGKGL?PCQ QSECPCK OSC M CQR”KSJM N?P? M APCQAGKCLRM ​KSQASJ?P NPMKMTGBM NCJM RPCGL?KCLRM D”QGAM NMBC  ?R
    ACPRM NMLRM  AMLRP?@?J?L?P ? QSQACRG@GJGB?BC K?GMP  JCQŽM ​KSQASJ?P M@QCPT?B? AMK DPC​OS‘LAG? L? BMCL​? BC
    ,A PBJC AMLDMPKCPC¥CRGBMNCJ?K?PA?LRCBGKGLSGŽM?N™QMRPCGL?KCLRMBMCVCPA”AGMBMQL”TCGQ@?Q?GQQPGAMQB?
    APC?RGLMOSGL?QC SKGLBGA?BMP?ACGRŠTCJBCP?@BMKG™​JGQC

    15@A>--05/5;:-8
     #G,?SPM2 2CPTGBCG2 3QSHGLM2#GQMPBCPQMDA?P@MFWBP?RCKCR?@MJGQKEJWAMECLQRMP?ECBGQC?QCQ(L1MQCL@CPE1-
    /PSQGLCP2! #G,?SPM2 !?PAFG1+ CBQ3FC,MJCASJ?P?LB&CLCRGA!?QGQMD-CSPMJMEGA?J#GQC?QCLBCB!MQRML , 
    !SRRCPUMPRF 'CGLCK?LL Z
     '?JJCP 1&  6WPGAI /  3?GT?QQ?JM 3  CR ?J CPM@GA AMLBGRGMLGLE ?L CDDCARGTC RFCP?NW GL ,A PBJCQ BGQC?QC LL -CSPMJ
    Z
     5MPECPB, 9?LEC) *JCW1 CR?J$DDCARMDFGEF BMQCAPC?RGLCRFCP?NWMLQWKNRMKQMDCVCPAGQCGLRMJCP?LACGL,A PBJC
    BGQC?QCBMS@JC @JGLB NJ?AC@M AMLRPMJJCBAPMQQMTCPQRSBW PAF-CSPMJZ

    $6E23@=:D>@26C3:@5@EC:8=:46C{5:@
     OS?LRGB?BC RMR?J BC 3/ NPMBSXGBM NCJM KCR?@MJGQKM ?CP™@GM BMQ RPGEJGACP”BGMQ   CK EP?LBC N?PRC  BCNCLBCLRC B?
    CVRCLQŽMBMQŠAGBMQEP?VMQOSCAMKNCKMRPGEJGACP”BGMCB?A?P?ARCP”QRGA?Q?RSP?B?MSGLQ?RSP?B?BMŠAGBMEP?VM-M
    CLR?LRM   NMQQ”TCJ KCR?@MJGX?P ?K@?Q ?Q NMPCQ BC ŠAGBM EP?VM C EJGACPMJ BM RPGEJGACP”BGM  SK? TCX OSC  EJGACP™G​Q
    KMJASJ?QBCA?P@MLMQ NMBCKQCPRP?LQDMPK?BMQNCJMD”E?BMCKEJGAMQC SK?KMJASJ?BCA?P@MLMQ$KQCESGB? ?
    EJGAMQCNMBCQCPKCR?@MJGX?B??CPM@G?KCLRC.EJGACPMJR?K@KNMBCQCPRP?LQDMPK?BMCKNGPST?RM MSRP?KMJASJ?BC
    A?P@MLMQ.NGPST?RMNMBCQCP?CPM@G?KCLRCKCR?@MJGX?BM NCLCRP?LBML?KGRMAšLBPG?CNPMBSXGLBM?KCQK?OS?LRGB?BC
    BC 3/BCQAPGR?BSP?LRCMKCR?@MJGQKMMVGB?LRCB?KMJASJ?BCEJGAMQCBMQ?LESCMSNGPST?RM%GESP? .QŠAGBMQ
    EP?VMQQŽMAMKNMQRMQNMPLžKCPMQN?PCQBCKMJASJ?QBCA?P@MLM?R.QŠAGBMQEP?VMQNMBCKQCPBCEP?B?BMQCK
    QS@SLG​B?BCQ BC A?P@MLM  ?Q OS?GQ NMBCK QCP RP?LQDMPK?B?Q CK ?ACRGJ "M  C  BCNMGQ  KCR?@MJGX?B?Q TG? ?CP™@G? 0S?LRM
    K?GMP?CVRCLQŽMBMŠAGBMEP?VM K?GMP?OS?LRGB?BCBC?ACRGJ "M NPMBSXGB?/MPR?LRM OS?LRMK?GQJMLEMMŠAGBMEP?VM
    K?GMP?NPMBSŽMBC 3/
     25D1?H941kj?  M NPMACQQM BSP?LRC M OS?J MQ ŠAGBMQ EP?VMQ QŽM BCEP?B?BMQ CK KMJASJ?Q BC  A?P@MLMQ ŠAGBM
    ?ARGAM  ?Q OS?GQ NMBCK QCP RP?LQDMPK?B?Q CK ?ACRGJ "M  C CLRP?P LM AGAJM BC *PC@Q QQGK AMKM ? EJGA™JGQC  CVGQRC
    LCACQQGB?BC BC 3/ N?P? GLGAG?P M NPMACQQM BC @CR?MVGB?ŽM /?P? ŠAGBM EP?VM   3/ QŽM LCACQQŠPGMQ N?P? DMPLCACP ?
    CLCPEG? BC ?RGT?ŽM  OS?LRGB?BC BC ?ACRGJ "M  PCQSJR?LRC BC  ŠAGBM EP?VM BCNCLBC BM AMKNPGKCLRM B? A?BCG? BC
    A?P@MLMBMŠAGBMEP?VM/MPCVCKNJM BCŠAGBMEP?VMBCA?P@MLMQ ?ACRGJ "M NMBCKQCPDMPK?B?Q/?P?A?B?AGAJM
    BC@CR?MVGB?ŽMECP?LBM?ACRGJ "M PMB?B?QN?P?A?BCG?BCA?P@MLMQ - #'C% #'QŽMDMPK?B?Q/MP
    ¤K - #'C% #'PCQSJR?KCKNPMBSŽMBC 3/L?"3$-MAGAJMBC*PC@Q  3/NMP?ACRGJ "M NPMBSXGBM
    HSLR?KCLRCAMK?JESK?Q- #'C% #' NPMBSŽMJ”OSGB?BC 3/AMKNPCCLBCMRMR?JBC 3/NMP?ACRGJ "M 
    $LRPCR?LRM  ? žJRGK? A?BCG? BC  A?P@MLMQ LŽM NPCAGQ? QCP BCAMKNMQR? B? A?BCG? BC A?P@MLM BM ŠAGBM EP?VM  M OSC LŽM
    NPMBSX - #' C % #' BSP?LRC ? @CR?MVGB?ŽM  NPMBSŽM BC 3/ ? N?PRGP BC  KMJASJ? R”NGA? BC  A?P@MLMQ BC
    ŠAGBM EP?VM  BC  3/ 3?@CJ?   #? KCQK? K?LCGP?  N?P?  KMJASJ? BC  A?P@MLMQ BC ŠAGBM EP?VM  M T?JMP
    ?BGAGML?J BC  3/  ECP?BM BCTGBM  NPMBSŽM CVRP? BC ?ACRGJ "M  QMK?LBM M E?LFM J”OSGBM BC  3/ LM
    KCR?@MJGQKMAMKNJCRM$KAMKN?P?ŽMAMKMA?P@MGBP?RM MQRPGEJGACP”BGMQMSŠAGBMQEP?VMQNPMBSXCKKSGRMK?GQ 3/
    BCTGBM  OS?LRGB?BC K?GMP BC KMJASJ?Q BC A?P@MLM C FGBPME‘LGM BGQNML”TCGQ N?P? SQM LM AGAJM BC *PC@Q C "3$
    GKNPCQQGML?LRC OS?LRGB?BC BC CLCPEG? NPCQCLRC LM RPGEJGACP”BGM   CK N?PRC  M OSC RMPL? M CQRMOSC BC EMPBSP? SK? @M?
    K?LCGP?BC?PK?XCL?PEP?LBCQOS?LRGB?BCQBCCLCPEG?!MVCQC 

    86DA0  ,4ABr>B8<?;8J203030B4C0?0B3>282;>34>A843078?{C4B430B;0=s0348A0B34;02C0C>M
    . %
    %!!CH>C=;GJLI>O‹ŠI>?†=C>IF†=NC=I>?=ILL?HN?>;JL†NC=;>I?R?L==CI>?;FN;CHN?HMC>;>? M11 
    ;JIHN;G J;L; I †=C>I F†=NC=I ;J•M I =C=FI >? ILC  M   GIMNL;G I †=C>I F†=NC=I ;J•M ; BCJ•N?M? >;M
    F;H‹;>?CL;M>?F;=N;NIKO?HŠII=C=FI>? ILC
    86DA0   ,4ABr> B8<?;8J2030 30B 4C0?0B 4=E>;E830B =0B ?>BBwE48B 8=C4A0s~4B 34 20A1>83A0C>B
    0<8=>o​283>B o283>B 6A0G>B 4 6;824A>; =0 Bw=C4B4 34 CA86;824Aw38> ,<M?LP; M? KO? Œ JIMMP?F NL;HM@ILG;L N;HNI
    AFC=IM?KO;HNI;GCHI†​=C>IM?GAFC=?LIF?†=C>IMAL;RIM?=IG<CH† FIMJ;L;MCHN?NCT;LOGNLCAFC=?L>CI

    .Q ŠAGBMQ EP?VMQ SQ?BMQ LM KCR?@MJGQKM ?CP™@GM NMBCK QCP M@RGBMQ ? N?PRGP B?Q PCQCPT?Q BC RPGEJGACP”BGM B?Q AJSJ?Q
    ?BGNMQ?Q CLXGK?<9@1C5C5>CoF5<18?B=t>9?BCLRPMB?QAJSJ?Q?BGNMQ?QBCEP?B?MQRPGEJGACP”BGMQCKEJGACPMJCŠAGBM
    EP?VM  MQ OS?GQ QŽM JG@CP?BMQ LM Q?LESC 0S?LBM ?Q AJSJ?Q NPCAGQ?K BCQQ?Q QS@QR‹LAG?Q AMKM QS@QRP?RM  CJ?Q NMBCK
    PCKMT‘ J?QBMQ?LESCC?CPM@G?KCLRCKCR?@MJGXŠ J?Q
    pAGBMQ EP?VMQ C EJGACPMJ R?K@K NMBCK QCP QGLRCRGX?BMQ ? N?PRGP B? EJGAMQC C BMQ ?KGLMŠ​AGBMQ  EJGAMQC NMBC QCP
    RP?LQDMPK?B?CKEJGACPMJC?KMJASJ?BCA?P@MLMQBC?ACRGJ "M M@RGB?B?EJGAMQCMSBMEJGAME‘LGMNMBCQCPSQ?B?N?P?
    QGLRCRGX?P ŠAGBMQ EP?VMQ pAGBMQ EP?VMQ C EJGACPMJ NMBCK QCP SRGJGX?BMQ NCJ?Q AJSJ?Q ?BGNMQ?Q N?P? DMPK?P RPGEJGACP”BGMQ
    %GESP?  KGLMŠ​AGBMQBCQ?KGL?BMQSQ?BMQL?Q”LRCQCBCNGPST?RMMSQCRP?LQDMPK?KCKEJGAMQCC BCNMGQBGQQM CK
    EJGACPMJ  MS CK ?ACRGJ "M  ? OS?J   CK QCESGB?  SRGJGX?B? N?P? QGLRCRGX?P ŠAGBMQ EP?VMQ JK BGQQM  MQ ?KGLMŠ​AGBMQ
    BGPCR?KCLRC AMLTCPRGBMQ CK ?ACRGJ "M  NMBCK QCP SRGJGX?BMQ N?P? QGLRCRGX?P ŠAGBMQ EP?VMQ /MP AMLR? B? A?N?AGB?BC BC
    SRGJGX?PR?LRMA?P@MGBP?RMOS?LRMNPMRC”​L?L?Q”LRCQCBCŠAGBMQEP?VMQCEJGACPMJC NMP¤K RPGEJGACP”BGMQ NMQQ”TCJE?LF?P
    NCQMEMPBMGLECPGLBMA?P@MGBP?RMCNPMRC”​L?CKCVACQQM

    '-.18- 
    '>52;?2-@;01-01:;?5:-'#@;@-82;>9-0;-<->@5>01b/50;3>-D;019;8f/A8-01
     /->.;:;?

    &A>24BB><4C01{;82> *&

    5D1?H941kj? Z
    $LCPEG?BC?RGT?ŽMNMPŠAGBMEP?VM 
    KMJASJ?BC- #'?ACRGJ "M N?P?"3$ 
    KMJASJ?BC% #'?ACRGJ "M N?P?"3$LCLFSK?- #'MS% #'NPMBSXGB??N?PRGP 
    B?žJRGK??ACRGJ "M DMPK?B?
    3MR?JBC 3/?ACRGJ "M GELMP?LBM?CLCPEG?BC?RGT?ŽMCžJRGK??ACRGJ "M NPMBSXGB?
    93<?45!B52C 
     3/?ACRGJ "M 
    - #'?ACRGJ "M N?P?"3$ 
    
    % #'?ACRGJ "M N?P?"3$
    3MR?JBC 3/?ACRGJ "M
    *?D1<45*&135D9<? 
     3/B?@CR?MVGB?ŽM?ACRGJ "M   3/BMAGAJMBC*PC@Q?ACRGJ "M GELMP?LBM?
    CLCPEG?BC?RGT?ŽMCžJRGK??ACRGJ "M NPMBSXGB?
    *?D1<45*&1@1BD9B45 =?<l3E<145g394?7B1H?45 31B2?>?C 
    !CR?MVGB?ŽMCAGAJMBC*PC@QN?P??ACRGJ "M n 3/ 
    !CR?MVGB?ŽMCAGAJMBC*PC@QN?P??žJRGK??ACRGJ "M Z
    $LCPEG?BC?RGT?ŽMNMPŠAGBMEP?VM
    3MR?JBC 3/ 

    ,4& <
    =)6<7,--6-:/1)-;<`,1;876h>-46)/7:,=:)
    4K?NCQQM?BCACPA?BCIEAMKBCEMPBSP?AMPNMP?J?NPCQCLR??NPMVGK?B?KCLRCIEBCEMPBSP?"?B?
    OSGJMBCEMPBSP?AMLRKSKT?JMPNP™VGKM?BCA?JMPG?Q2SNMLBMOSCQCH?KLCACQQŠPG?QACPA?BCIA?J
    N?P?AMPPCP OSGJšKCRPM L?RCMPG? CQQCGL​BG​T”​BSMRCKCLCPEG?LMAMPNMN?P?AMPPCPOS?QCOSGJšKCRPMQ

    $6E23@=:D>@52AC@E6{​?2
    QNPMRC”​L?QDMPLCACKCLCPEG?NMPBGTCPQ?QTG?QBGDCPCLRCQ,SGRMQ?KGLMŠ​AGBMQNMBCKQCPRP?LQDMPK?BMQCKEJGAMQC MQ
    OS?GQ QŽM BCLMKGL?BMQ BC 7<93?>5?7m>93?C  C  CK QCESGB?  CQQ? EJGAMQC NMBC QCP SQ?B? N?P? NPMBSXGP CLCPEG? JESLQ
    ?KGLMŠ​AGBMQ  AMKM ?J?LGL?  JCSAGL? C GQMJCSAGL?  NMBCK QCP AMLTCPRGBMQ CK GL​RCP​KC​BGŠ​PGMQ KCR?@™JGAMQ MS KMJASJ?Q
    A?N?XCQ BC NCLCRP?P LM NPMACQQM @GMCLCPERGAM CK ?JESK KMKCLRM LRCQ OSC OS?JOSCP ?KGLMŠ​AGBM CLRPC LM NPMACQQM
    @GMCLCPERGAM NPGKCGP?KCLRCCJCNPCAGQ?QCPQS@KCRGBM45C1=9>1kj? MSRCPQCSEPSNMLGRPME‘LGMPCKMTGBM0S?LBMM
    EPSNM LGRPME‘LGM  PCKMTGBM  ?KšLG? -'   NPMBSXGB?  ?KšLG?  SK? @?QC A?N?X BC NCPRSP@?P M COSGJ”@PGM
    ?AGBM@ŠQGAMBMAMPNM/?P?CTGR?PGQQM MD”E?BMAMK@GL?KMJASJ?QBC?KšLG?C".N?P?NPMBSXGPSPCG?-'". C
    KMJASJ?BCŠES? SPCG?JG@CP?B?L?AMPPCLRCQ?LES”​LC?CCVAPCR?B?L?SPGL?
    .SRP? TG? @GMCLCPERGA? NCJ? OS?J MQ ?KGLMŠ​AGBMQ NMBCK CLRP?P AMKC? AMK ? QS? AMLTCPQŽM CK NGPST?RM  M OS?J 
    KCR?@MJGX?BM?CPM@G?KCLRC%GESP? .SRPMQ?KGLMŠ​AGBMQNMBCKQCPAMLTCPRGBMQCK?ACRGJ "M CKCR?@MJGX?BMQC
    MSRPMQ ?GLB? NMBCKCLRP?PBGPCR?KCLRCLMAGAJMBC*PC@QCQCPKCR?@MJGX?BMQ3MBMQS@QRP?RMKCR?@™JGAMAMLTCPRGBMCK
    NGPST?RM  KCR?@MJGX?BM MS SQ?BM N?P? QGLRCRGX?P EJGAMQC /MPR?LRM  MQ ?KGLMŠ​AGBMQ OSC NMBCK QCP AMLTCPRGBMQ CK
    NGPST?RMCSQ?BMQN?P?NPMBSXGPEJGAMQCQŽMAF?K?BMQBCEJGAME‘LGAMQ$LRPCR?LRM MQ?KGLMŠ​AGBMQAMLTCPRGBMQCK?ACRGJ
    "M  LŽM NMBCK QCP AMLTCPRGBMQ CK EJGAMQC C  NMPR?LRM  NPCAGQ?K QCP KCR?@MJGX?BMQ  ?QQGK AMKM MQ ?KGLMŠ​AGBMQ OSC
    CLRP?KLMAGAJMBC*PC@QBGPCR?KCLRC.Q?KGLMŠ​AGBMQOSCN?PRGAGN?KBMAGAJMBC*PC@QBCK?LCGP?BGPCR?R?K@KQŽM
    EJGAME‘LGAMQ AMLRSBM QCCLRP?KLMAGAJMBC*PC@Q LŽMNMBCKQCPSQ?BMQN?P?QGLRCRGX?PEJGAMQC

    ,4& 
    !-7+7:878:-.-:-=;):/41+7;-+757-6-:/1),=:)6<-7-@-:+h+1787:
    9=-*7)8):<-,)-6-:/1)):5)B-6),)67+7:87-;<`6).7:5),-
    /7:,=:)
    PCQCPT?BCEMPBSP?LŽMPCOSCPKSGR?ŠES??BGAGML?J CLOS?LRMMEJGAME‘LGMCQRMA?BMAMKŠES?CKTGPRSBCB?Q
    QS?Q NPMNPGCB?BCQ KMJCASJ?PCQ "?B? EP?K? BC EJGAME‘LGM  ?PK?XCL?BM AMK ?NPMVGK?B?KCLRC  E BC ŠES? .Q
    RPGEJGACP”BGMQ  NMP MSRPM J?BM  LŽM NPCAGQ?K QCP CQRMA?BMQ AMK R?LR? ŠES? /?P? AMJMA?P GQQM CK NCPQNCARGT?  ?
    OS?LRGB?BCBCCLCPEG?AMLRGB?CK IEBCEMPBSP?PCOSCPACPA?BC IEBCEJGAME‘LGM
    $K ECP?J  ?NCL?Q SK? NCOSCL? OS?LRGB?BC BC NPMRC”​L? MS ?KGLMŠ​AGBM  KCR?@MJGX?B? N?P? DMPLCACP CLCPEG?
    $LRPCR?LRM CK?JESK?QQGRS?CQ KSGRMK?GQNPMTŠTCJOSCMQ?KGLMŠ​AGBMQQCH?KKCR?@MJGX?BMQ/MPCVCKNJM BSP?LRC
    ?BGCR?CVRPCK?GLECQRŽMBCA?JMPG?QGL¤LGR?KCLRCKCLMPOSC?LCACQQŠPG?N?P?K?LRCP?DSLŽMAMPNMP?J MQ?KGLMŠ ^GBMQ
    QŽMA?NR?BMQBMQRCAGBMQ GLAJSQGTCBM​KžQASJMCQOSCJRGAM N?P?QCPCKKCR?@MJGX?BMQCNPMBSXGPCLCPEG? MOSCNPMKMTC
    NCPB?BCRCAGBM​KSQASJ?PBSP?LRC?QBGCR?QPGEMPMQ?Q JKBGQQM BGCR?QAMK?JR?GLECQRŽMGLAMKSKBCNPMRC”​L?QR?K@K
    NMBCKMA?QGML?PSQMK?GMPBCNPMRC”​L?QL?NPMBSŽMBCCLCPEG?

    86DA0   ?{B 0 34B0<8=0sr> >B 0<8=>o283>B ?>34< 4=CA0A => <4C01>;8B<> 04A{18> 34  <0=48A0B
    ,<M?LP? KO? >?PC>I ‰ JIMMC<CFC>;>? >? M? NL;HM@ILG;L?G ?G JCLOP;NI
     ;FAOHM ;GCHI†=C>IM MŠI OM;>IM J;L;
    MCHN?NCT;LAFC=IM?

    -?BGCR?R”NGA?CKGQR?BCA?P@MGBP?RMQ AMKEMPBSP?QCNPMRC”​L?Q ?NCL?QSK?NCOSCL?OS?LRGB?BCBCQQ?QNPMRC”​L?Q


    SQ?B?L?NPMBSŽMBC 3/BSP?LRC?NPŠRGA?BMCVCPA”AGM CGQQMBCNCLBCB?BGQNMLG@GJGB?BCBMQ?KGLMŠ​AGBMQBCA?BCG?
    P?KG¤A?B? C BM ?KGLMŠ^GBM ?J?LGL? $LRPCR?LRM  BSP?LRC ?RGTGB?BCQ BC ,5+<9(5*, BC JMLE? BSP?ŽM  ?Q @B?D51C5C  MS
    CLXGK?QA?N?XCQBCBCEP?B?PNPMRC”​L? CLAMLRP?B?QBCLRPMBMQ​KžQASJMQQŽM?RGT?B?Q MA?QGML?BMSKNCOSCLM?SKCLRMLM
    KCR?@MJGQKMBMQ?KGLMŠ​AGBMQ
    . SQM BC ?KGLMŠ​AGBMQ LM KCR?@MJGQKM ?SKCLR? BSP?LRC ? BGCR?  M OSC PCQSJR? CK NCPB? BC K?QQ? ​KSQASJ?P /?P?
    KGLGKGX?P?NCPB?BCK?QQ?​KSQASJ?P CVCPA”AGMQNMBCKQCPNP?RGA?BMQAMK?¤L?JGB?BCBCAPG?PSKCQR”KSJMOSC?A?PPCRC
    ?BGKGLSGŽMBMKCR?@MJGQKMBCNPMRC”​L?/MPCVCKNJM ?LCACQQGB?BCBCNP?RGA?PCVCPA”AGMCLOS?LRMQCOSCPNCPBCPNCQM
    AMPNMP?J DMG AJ?P?KCLRC BCKMLQRP?B? CK SK EPSNM BC FMKCLQ OSC PCBSXGS M NCQM CK KBG? BC  ?   IE BSP?LRC 
    QCK?L?QBCBGCR?MSBGCR?CCVCPA”AGM.NCQMEMPBMAMLQRGRSGSB?PCBSŽMBMNCQMBMQFMKCLQOSC?NCL?Q¤XCP?K
    BGCR? OS?QCB?OSCJCQOSC¤XCP?KBGCR?CRPCGL?KCLRM?CP™@GMCBMQOSC¤XCP?KBGCR? RPCGL?KCLRM?CP™@GMC
    KSQASJ?ŽM$QQCQ?AF?BMQKMQRP?KAJ?P?KCLRCOSCMCVCPA”AGMGLRCLQG¤AMS?NCPB?BCNCQMBCTGBMNCPB?BCEMPBSP?C
    AMKGQQM BGKGLSGSMKCR?@MJGQKMBCNPMRC”​L? PCQSJR?LBMKCLMQNCPB?BCK?QQ?​KSQASJ?P
    ! 

    %>6E23@=:D>@26C3:@6?G@=G68=:4=:D6A2C28=:4@D636E2@I:52wv@A2C28@C5FC2D64:4=@56!C63D6EC2?DA@CE6566=xEC@?DA2C2
    2>3@D@2A2CE65@*&xAC@5FJ:525FC2?E6@EC2?DA@CE6566=xEC@?D
    8=:4@D642AEFC2525@D2?8F6@F5@8=:4@8y?:@:?EC2​>FD4F=2CA@566?EC2C6>8=:4=:D6%A:CFG2E@AC@5FJ:5@A6=28=:4=:D6A@56D6C
    EC2?D7@C>25@6>246E:=@2BF2=4@?D68F66?EC2C?@4:4=@56!C63D:5C@8y?:@D66=xEC@?D528=:4=:D665@4:4=@56!C63DDv@
    EC2?DA@CE25@DA@C 6$A2C224256:2EC2?DA@CE25@C2566=xEC@?2L>564@>A=6E2C@>6E23@=:D>@26C3:@
    %Ds4:5@D8C2I@D6?EC2>?236E2@I:52wv@>@=x4F=256 42C3@?@Ds4:5@24xE:4@AC@5FJ:52A6=236E2@I:52wv@xEC2?D7@C>2526>
    246E:=@2BF2=A@56A2CE:4:A2C5@4:4=@56!C63D:5C@8y?:@D66=xEC@?D5@4:4=@56!C63DDv@EC2?DA@CE25@DA@C 6$
    A2C2@D:DE6>256EC2?DA@CE6566=xEC@?D2L>564@>A=6E2C@>6E23@=:D>@26C3:@
    %8=:46C@=A@56D6CEC2?D7@C>25@6>A:CFG2E@@BF2=A@56D6C4@?G6CE:5@6>246E:=@42A2J56A6?6EC2C?@4:4=@56!C63D
    %=24E2E@A@56D6C4@?G6CE:5@6>A:CFG2E@6>6E23@=:J25@@FFD25@A2C2D:?E6E:J2C8=:4@D6
    *@5@D@D2>:?@s​4:5@DAC64:D2>D6C56D2>:?25@DA2C26?EC2C?@>6E23@=:D>@26C3:@
    =8F?D2>:?@s​4:5@DAC64:D2>D6CEC2?D7@C>25@D6>A:CFG2E@@BF2=A@56D6CEC2?D7@C>25@6>246E:=@42A2J566?EC2C?@4:4=@
    56!C63D
    =8F?D2>:?@s​4:5@DA@56>D6C4@?G6CE:5@D6>246E:=@BF6A@566?EC2C?@4:4=@56!C63D
    =8F?D2>:?@s​4:5@DA@56>6?EC2C?@4:4=@56!C63D5:C6E2>6?E66D6C>6E23@=:J25@D

    )D1BCA0C>B<4C01{;82>B?0A0A4?>DB>44G4A2w28>

    .KCR?@MJGQKMBCBCRCPKGL?BMQS@QRP?RMBCNCLBCBCKSGRMQD?RMPCQ#CKMBMECP?J QCSKQS@QRP?RMCQRŠBGQNML”TCJCK
    EP?LBCQ OS?LRGB?BCQ  CJC QCPŠ NPCDCPCLAG?JKCLRC KCR?@MJGX?BM #SP?LRC ? ?RGTGB?BC D”QGA?  QC SK QS@QRP?RM LŽM CQRŠ
    BGQNML”TCJ  AMKM OS?LBM M A?P@MGBP?RM  CQEMR?BM ?M ¤L?J BC SK? AMPPGB? BC JMLE? BGQR‹LAG?  RMPL? QC LCACQQŠPGM
    KCR?@MJGX?PK?GQRPGEJGACP”BGMQN?P?B?PAMLRGLSGB?BCAMPPGB? OS?LRGB?BCBCCLCPEG?NPMBSXGB?NCJMKCR?@MJGQKMBC
    A?B?SKBMQQS@QRP?RMQR?K@K?DCR??NMQQG@GJGB?BCBCA?P@MGBP?RMQ RPGEJGACP”BGMQMSNPMRC”​L?QQCPCKKCR?@MJGX?BMQ
    GLRCLQGB?BC C ? BSP?ŽM B? ?RGTGB?BC D”QGA? R?K@K CQRŽM PCJ?AGML?B?Q AMK M KCR?@MJGQKM NPCDCPCLAG?J BC BCRCPKGL?BM
    QS@QRP?RM QNP™VGK?QQCCQ?@MPB?KMQD?RMPCQOSCGL¥SCLAG?K?CQAMJF?BMQS@QRP?RMN?P?KCR?@MJGQKMCKPCNMSQMMS
    BSP?LRCMCVCPA”AGM

    ?E6C2w‚6D56DF3DEC2E@D
    #GTCPQMQ D?RMPCQ ?DCR?K M KCR?@MJGQKM NPCDCPCLAG?J BC BCRCPKGL?BM QS@QRP?RM CK PCNMSQM C BSP?LRC M CVCPA”AGM /MP
    ?JESK RCKNM ?N™Q ? NCOSCL? CJCT?ŽM BC EMPBSP? MS A?P@MGBP?RM  M QS@QRP?RM K?GQ BGQNML”TCJ QCPŠ NPCDCPCLAG?JKCLRC
    KCR?@MJGX?BM0S?LBMSK?BGCR?AMKEP?LBCQOS?LRGB?BCQBCA?P@MGBP?RMMSEMPBSP?GLECPGB?BCK?LCGP?APšLGA? M
    KCR?@MJGQKMNPCDCPCLAG?JBMQS@QRP?RMK?GQNPMLR?KCLRCBGQNML”TCJ
    $K ECP?J  ? NPMRC”​L?  KSGRM NMSAM SQ?B? LM KCR?@MJGQKM ?CP™@GM CK PCNMSQM MS BSP?LRC M CVCPA”AGM ,CQKM OSC
    MAMPP?K?JESK?Q?B?NR?CQCLXGKŠRGA?QCKTGPRSBCBMRPCGL?KCLRMBC,5+<9(5*, NMQQG@GJGR?LBMMSQMK?GQ?ACL​RS?BMBC
    ?KGLMŠ​AGBMQLMKCR?@MJGQKM?CP™@GM KSGR?QTCXCQ?NPMRC”​L?AMLRPG@SGAMKKCLMQBCBMQS@QRP?RMSRGJGX?BMBSP?LRC
    M CVCPA”AGM BC KCLMQ BC  KGL BC BSP?ŽM #SP?LRC ? ?RGTGB?BC BC BSP?ŽM K?GQ JMLE?  BC  ?  F  M KCR?@MJGQKM B?
    NPMRC”​L?NMBCAMLRPG@SGPAMK?R?B?CLCPEG?LMQKGLSRMQ¤L?GQB??RGTGB?BC$LRPCR?LRM N?P?EP?LBCN?PRCB?Q
    ?RGTGB?BCQ  ? KGQRSP? BC KCR?@MJGQKM BM RPGEJGACP”BGM C A?P@MGBP?RM DMPLCAC ? EP?LBC K?GMPG? BMQ 3/ LCACQQŠPGMQ N?P?
    M@RCLŽMBCCLCPEG?
    $K NPGKCGPM JSE?P  JCK@PC QC BC OSC ?Q PCQCPT?Q GLRP?​KSQASJ?​PCQ BC 3/ C /" C ? EJGAMQC B? AMPPCLRC Q?LES”​LC? MS
    ?OSCJ?M@RGB?BMEJGAME‘LGML?EJGA™JGQCQŽM?QDMLRCQBCCLCPEG??L?CP™@G? QNPMRC”​L?QMSMQRPGEJGACP”BGMQLŽMNMBCKQCP
    SRGJGX?BMQ N?P? NPMBSXGP CLCPEG? BC K?LCGP? ?L?CP™@G? /MPR?LRM  BSP?LRC ? ?RGTGB?BC ?L?CP™@G?  ?Q NPMRC”​L?Q C MQ
    RPGEJGACP”BGMQLŽMQŽMKCR?@MJGX?BMQN?P?DMPLCACPM 3/LCACQQŠPGM"MLRSBM ?MJMLEMB?Q?RGTGB?BCQ?CP™@G?Q @M?N?PRC
    BM 3/LCACQQŠPGMM@RGB?BMKCR?@MJGQKMBMQA?P@MGBP?RMQMSRPGEJGACP”BGMQ BCNCLBCLBMB?BSP?ŽMCB?GLRCLQGB?BC
    BMCVCPA”AGM QQCCQ?QCESGPBGQASRCKAMKK?GQBCR?JFCQMCDCGRMB?GLRCLQGB?BCCB?BSP?ŽMBMCVCPA”AGMQM@PCMSQM
    BMQQS@QRP?RMQ

    06(05,'$'('1(9(4&b&,1;(6$%1.,5/1'164,*.,&(4b',117'1&$4%1,'4$61
    $KPCNMSQM ?NPMVGK?B?KCLRCBM 3/LCACQQŠPGMBCPGT?BMKCR?@MJGQKMBMA?P@MGBP?RMCBMKCR?@MJGQKMBC
    EMPBSP? MS RPGEJGACP”BGM . LžKCPM  B? NPMBSŽM BC CLCPEG? ? N?PRGP B? BCEP?B?ŽM BC RPGEJGACP”BGMQ  ? K?GMP
    AMLRPG@SGŽM PCJ?RGT? OSC M KCR?@MJGQKM BC RPGEJGACP”BGM DMPLCAC "MLDMPKC ? GLRCLQGB?BC BM CVCPA”AGM ?SKCLR?  MAMPPC
    SK? RPMA? EP?B?RGT? B? NPMBSŽM BC CLCPEG? NPCBMKGL?LRCKCLRC BCNCLBCLRC BM RPGEJGACP”BGM N?P? ?OSCJ? OSC SRGJGX?
    A?P@MGBP?RMQ /CJM KCLMQ L? RCMPG?  CQQ? KSB?L? AML​RG​LS? ?R ? GLRCLQGB?BC KŠVGK? BM CVCPA”AGM  OS?LBM  B?
    CLCPEG? LCACQQŠPG? N?P? MQ ​KžQASJMQ CK RP?@?JFM QŽM DMPLCAGBMQ NCJM KCR?@MJGQKM BM A?P@MGBP?RM %GESP?   . SQM
    CVAJSQGTM BC A?P@MGBP?RM N?P? QSNPGP ? CLCPEG? L? GLRCLQGB?BC KŠVGK? BM CVCPA”AGM   CK N?PRC  BCAMPPCLRC BM
    DMPLCAGKCLRMBCSK?NMPŽMBM 3/LCACQQŠPGMNCJ?QDMLRCQ?L?CP™@G?QJCK@PCOSCRPGEJGACP”BGMQCNPMRC”​L?QLŽMNMBCK
    QCPSRGJGX?BMQL?EJGA™JGQC 
    OS?LRGB?BCBCCLCPEG?NPMBSXGB?OS?LBMEMPBSP?MSA?P@MGBP?RMKCR?@MJGX?BMCVNJGA? CKN?PRC NMPOSC?RPMA?
    N?P?MKCR?@MJGQKMBCK?GQA?P@MGBP?RMT?LR?HMQ?AMKM?SKCLRMB?GLRCLQGB?BCBMCVCPA”AGM OS?LRGB?BCBCCLCPEG?
    NMPEP?K?BCQS@QRP?RMK?GMPL?EMPBSP? IA?JãEZ QCESGB?NCJMA?P@MGBP?RM IA?JãEZ CNPMRC”​L? IA?JãEZ 
    -M CLR?LRM  K?GQ CLCPEG?  NPMBSXGB? AMK M KCR?@MJGQKM BM A?P@MGBP?RM NMP JGRPM BC MVGE‘LGM SQ?BM LM KCR?@MJGQKM
    ?CP™@GM  IA?Jãl.Z  BM OSC B? EMPBSP?   IA?Jãl.Z  C NPMRC”​L?   IA?Jãl.Z  #CQQC KMBM  BSP?LRC ? ?RGTGB?BC
    KŠVGK? MS OS?QC KŠVGK?   NMQQ”TCJ M@RCP K?GQ CLCPEG? QC K?GQ A?P@MGBP?RM C KCLMQ EMPBSP? DMPCK KCR?@MJGX?BMQ
    ?CPM@G?KCLRC
    #GTCPQMQMSRPMQD?RMPCQ CLRPCR?LRM NPMKMTCK?KSB?L?EP?B?RGT?B?BCNCLB‘LAG?NPCBMKGL?LRCBMKCR?@MJGQKMBM
    RPGEJGACP”BGM CK PCNMSQM N?P? ? BCNCLB‘LAG? A?B? TCX K?GMP BM A?P@MGBP?RM  AMLDMPKC ?Q BCK?LB?Q BC CLCPEG? APCQACK
    BSP?LRCMCVCPA”AGMBCGLRCLQGB?BCK?GQ?JR?3?JTCXMK?GQGKNMPR?LRCQCH?OSC KCBGB?OSC?GLRCLQGB?BCBMCVCPA”AGM
    ?SKCLR?  K?GQ ¤@P?Q h SQASJ?mCQ BC AMLRP?ŽM PŠNGB? MS BM RGNM (( QŽM PCAPSR?B?Q TCP "?N”RSJM   OSC BGQASRC ?Q
    A?P?ARCP”QRGA?Q C M PCAPSR?KCLRM BMQ RGNMQ BC ¤@P? h SQASJ?P  Q ¤@P?Q KpQASJ?P` Q BM RGNM (( R‘K ?JRM L”TCJ BC CLXGK?Q
    EJGAMJ”RGA?Q C L”TCJ K?GQ @?GVM BC CLXGK?Q ?CP™@G?Q /MPR?LRM  ?Q ¤@P?Q BM RGNM (( QŽM @?QR?LRC ?NPMNPG?B?Q N?P? PC?gGu?P
    EJGA™JGQC ?L?CP™@G? N?P? NPMBSXGP 3/ . PCAPSR?KCLRM K?GQ GLRCLQM BC ¤@P?Q h SQASJ? mCQ BM RGNM (( NPMKMTC M
    KCR?@MJGQKM K?GQ ?ACL​RS?BM BM A?P@MGBP?RM N?P? NPMBSXGP M 3/ LCACQQŠPGM  NMGQ MQ RPGEJGACP”BGMQ LŽM NMBCK QCP
    SRGJGX?BMQL?ECP?ŽMBCCLCPEG??N?PRGPB?EJGA™JGQC

    86DA0 
     &>A24=C064< 30 4=4A680 >1C830 3> 20A1>83A0C> 4 3> CA86;824Aw38> 4< 3854A4=C4B 8=C4=B83034B 34
    4G4A2w28> IH@ILG? ;OG?HN; ; CHN?HMC>;>? >I ?R?L==CI ?RJL?MM; =IGI JIL=?HN;A?G >I =IHMOGI G†RCGI >?
    IRCAHCI
    >CGCHOC;JIL=?HN;A?G>??H?LAC;I<NC>;>IMNLCAFC=?L>CIM?;KO?F;I<NC>;>IM=;L<IC>L;NIM=L?M=?

    JRCP?CQFMPKML?GQTCP"?N”RSJMOSCBGQASRCMGKN?ARMFMPKML?JQM@PCMKCR?@MJGQKM CKN?P​RGASJ?P?JG@CP?ŽM
    K?GQGLRCLQ?BC?BPCL?JGL? R?K@K?SKCLR?KMKCR?@MJGQKMBMQA?P@MGBP?RMQKCBGB?OSC?GLRCLQGB?BCBMCVCPA”AGM
    ¤A?K?GQDMPRC(QQMBCAMPPCLRCBMCDCGRMCQRGKSJ?LRCOSC??BPCL?JGL?CVCPACQM@PC?QCLXGK?QEJGAMJ”RGA?Q JKBGQQM
    AMLACLRP?CQ K?GQ ?JR?Q BC J?AR?RM PCQSJR?LRCQ B?Q R?V?Q PŠNGB?Q BC EJGA™JGQC GLG@CK M KCR?@MJGQKM BM RPGEJGACP”BGM
    PCBSXGLBM?BGQNMLG@GJGB?BCBCRPGEJGACP”BGMN?P?SQMLMKCR?@MJGQKM?CP™@GM
    KSB?L?EP?B?RGT?B?SRGJGX?ŽMBCQS@QRP?RMB?BCNCLB‘LAG?K?GMPB?QEMPBSP?QCKPCNMSQMBSP?LRCMCVCPA”AGMBC
    @?GV?GLRCLQGB?BCN?P?MSQMBCA?P@MGBP?RMQAMLDMPKC?SKCLR??GLRCLQGB?BCJCT?LR?SK?OSCQRŽMGLRCPCQQ?LRCCKOSC
    GLRCLQGB?BCBMCVCPA”AGM?R?V?BMKCR?@MJGQKMBCEMPBSP?K?VGKGX?B?3GNGA?KCLRC ?OS?LRGB?BCBCKCR?@MJGQKMBC
    RPGEJGACP”BGMQK?VGKGX?B?CKACPA?BC?B?DPC​OS‘LAG?A?PB”?​A?KŠVGK?-MCLR?LRM AMKMCVNJGA?BMLM!MVC
     CQQ??NCL?QN?PRCB?PCQNMQR?

    74$_^1'1(9(4&b&,1;(6$%1.,5/1'164,*.,&(4b',117&$4%1,'4$61
    #SP?LRC??RGTGB?BCBC@?GV?GLRCLQGB?BCCBCJMLE?BSP?ŽM AMKM?AMPPGB?NMPKGLMSK?GQ MAMPPCSK?RPMA?EP?​
    BS?JBMKCR?@MJGQKMBMA?P@MGBP?RMN?P?MBCRPGEJGACP”BGM ?GLB?OSC?KCQK?GLRCLQGB?BCQCH?K?LRGB??MJMLEMBCRMB?
    ?QCQQŽM(QQMRCKPCJ?ŽMAMKGLžKCPMQD?RMPCQOSC?DCR?K?BGQNMLG@GJGB?BCBMRPGEJGACP”BGML?DMPK?BCŠAGBMQEP?VMQ
    JGTPCQ N?P? SQM LM KCR?@MJGQKM ?CP™@GM 4K? BCQQ?Q T?​PGŠ​TCGQ  ? PCQNMQR? FMPKML?J ?M CVCPA”AGM  CK N?P​RGASJ?P B?
    ?BPCL?JGL? LMP?BPCL?JGL?CEJSA?EMLTCP"?N”RSJM OSCBGQASRCMGKN?ARMFMPKML?JQM@PCMKCR?@MJGQKM 3MBMQCQQCQ
    FMPKšLGMQ QŽM CJCT?BMQ BSP?LRC M CVCPA”AGM  MQ OS?GQ GLRCLQG¤A?K ? ?RGTGB?BC B?Q JGN?QCQ  OSC  NMP QS? TCX  CQRGKSJ?K ?
    BCEP?B?ŽMBCRPGEJGACP”BGMQCKŠAGBMQEP?VMQCEJGACPMJJGTPCQ MQOS?GQNMBCKQCPSQ?BMQLMKCR?@MJGQKM?CP™@GM
    "MLRP?PG?KCLRC  M FMPKšLGM GLQSJGL? GLG@C ? ?RGTGB?BC B? JGN?QC QCLQ”TCJ ? FMPKšLGM  PCBSXGLBM ? BGQNMLG@GJGB?BC BC
    ŠAGBMQ EP?VMQ N?P? SQM LM KCR?@MJGQKM ?CP™@GM $K PCNMQR?  GLECQRŽM BC @C@GB? MS PCDCGŽM PGA? CK A?P@MGBP?RMQ  ?Q
    AMLACLRP?CQBCGLQSJGL?Q?LES”​LC?QCCJCT?K NPMKMTCLBM?GLG@GŽMB??RGTGB?BCB?JGN?QCC?SKCLR?LBMMRP?LQNMPRC
    BCEJGAMQCN?P?M​KžQASJMCQOSCJRGAM.PCQSJR?BMJ”OSGBMM?SKCLRMBMKCR?@MJGQKMBCA?P@MGBP?RMC?BGKGLSGŽMBM
    KCR?@MJGQKMBMRPGEJGACP”BGM PCQNMQR?B?GLQSJGL?DPCLRCGLECQRŽMBCA?P@MGBP?RMSKBMQD?RMPCQOSCGLRCLQG¤A?MSQM
    BM A?P@MGBP?RM BGQNMLG@GJGX?BM NCJ?Q @C@GB?Q CQNMPRGT?Q -M CLR?LRM  BSP?LRC ? ?RGTGB?BC BC @?GV? GLRCLQGB?BC C JMLE?
    BSP?ŽM  L? OS?J M A?P@MGBP?RM LŽM  GLECPGBM  ?Q AMLACLRP?CQ BC GLQSJGL? LM Q?LESC BGKGLSCK BC K?LCGP? EP?B?RGT?
    PCQSJR?LBMCKSQMK?GQ?ACL​RS?BMBMKCR?@MJGQKMBMRPGEJGACP”BGML?NPMBSŽMBM 3/LCACQQŠPGMN?P??PC?​JG​X?ŽMB?
    ?RGTGB?BC

    ,4&
    
    9=-16<-6;1,),-,7-@-:+h+17)-:l*1775-<)*741;57,-/7:,=:)e
    5)17:

    ,SGR?QNCQQM?QNP?RGA?KCVCPA”AGM?CP™@GMN?P??HSB?P?K?LRCPQ?SBŠTCGQMNCQMCMNCPACLRS?JBCEMPBSP?AMPNMP?J
    /?P??HSB?P??JA?L?PCQQCQM@HCRGTMQ CVCPAGR?P QCL?GLRCLQGB?BCOSCK?VGKGX?MKCR?@MJGQKMBMQJGN”BGMQžRGJs
    KCBGB? OSC ? GLRCLQGB?BC BM CVCPA”AGM ?SKCLR? BM PCNMSQM ?R MQ L”TCGQ KŠVGKMQ  MAMPPC SK? RPMA? EP?​BS?J LM
    QS@QRP?RM NPCBMKGL?LRC BC CLCPEG? SQ?BM L? NPMBSŽM BC 3/ BM JGN”BGM N?P? A?P@MGBP?RM . KCR?@MJGQKM B?
    EMPBSP?K?VGKGX?BML?GLRCLQGB?BCKBG?BC?NPMVGK?B?KCLRCBMAMLQSKMBCMVGE‘LGMKŠVGKMCB?
    DPC​OS‘LAG? A?PB”?​A? KŠVGK? CK AGAJGQR?Q @CK AMLBGAGML?BMQ OS?LBM NP?RGA?K CQQ? ?RGTGB?BC $LRPCR?LRM  FŠ SK?
    XML? BC KCR?@MJGQKM KŠVGKM B? EMPBSP? LMQ  J?BMQ BCQQ?Q GLRCLQGB?BCQ KBG?Q BM CVCPA”AGM /MPR?LRM  M
    KCR?@MJGQKMBMJGN”BGM¤A? L?TCPB?BC NP™VGKMBMKŠVGKMCLRPCCB?DPCl S‘LAG?A?PB”? ^?KŠVGK? MS
    ?  BM AMLQSKM BC MVGE‘LGM KŠVGKM CK AGAJGQR?Q @CK AMLBGAGML?BMQ AGK? BCQQ? XML?  M KCR?@MJGQKM BM
    JGN”BGMA?GBCK?LCGP?QS@QR?LAG?JCGLQGELG¤A?LRC?AGK?BCB?DPC l S‘LAG?A?PB”?^?KŠVGK? OSCQRŽMQM@PC?
    OSC GLRCLQGB?BC BM CVCPA”AGM M KCR?@MJGQKM BM JGN”BGM  K?VGKGX?BM  CLRPCR?LRM   ?NCL?Q PCQNMLBGB? CK N?PRC
    Q?@CLBM?OSCGLRCLQGB?BCBMCVCPA”AGMMKCR?@MJGQKMB?EMPBSP?K?VGKGX?BM K?LSRCLŽMBCQQ?GLRCLQGB?BC
    NCJM RCKNM QS¤AGCLRC BC KMBM OSC SK? OS?LRGB?BC QGELG¤A?RGT? BC KCR?@MJGQKM BC JGN”BGM MAMPP? R?K@K  SK
    D?RMP GKNMPR?LRC /MP CVCKNJM  QC M QCS KCR?@MJGQKM BC JGN”BGM  CK @?QC NCPACLRS?J B? CLCPEG? LCACQQŠPG?  DMG
    K?VGKGX?BM?B?DPC​OS‘LAG?A?PB”?​A?KŠVGK? K?QTMA‘A?N?XBCK?LRCPCQQ?GLRCLQGB?BCBCCVCPA”AGMNMP
    ?NCL?QKGL ?OS?LRGB?BCRMR?JBCEMPBSP?KCR?@MJGX?B?K”LGK?4Q?LBMMLžKCPMKŠVGKMBCACPA?BC EBC
    JGN”BGMKCR?@MJGX?BMNMPKGLSRM GQQMPCQSJR?PG?CKKCR?@MJGQKM?NCL?QBC E EãKGLZnKGL #CQQCKMBM
    M OSC NPCAGQ? QCP AMLQGBCP?BM L? QCJCŽM B? GLRCLQGB?BC ?NPMNPG?B? BM CVCPA”AGM LŽM  ?NCL?Q ? R?V? BC CLCPEG?
    M@RGB?BMKCR?@MJGQKMBMJGN”BGM K?QR?K@K?BSP?ŽML?OS?JCQQ?GLRCLQGB?BCNMBCQCPK?LRGB?/?P??K?GMPG?
    B?QNCQQM?Q ?LŽMQCPOSC?CPM@G?KCLRC@CK AMLBGAGML?B?Q GQQMMAMPPCL?QXML?QGLDCPGMPCQB?DPC​OS‘LAG?A?PB”?​A?
    KŠVGK?CBMAMLQSKMKŠVGKMBCMVGE‘LGMDMPLCAGB?Q?LRCPGMPKCLRC

    #?BMQ BC AFRCL )  &JCCQML ,  )CSICLBPSN $ #CRCPKGL?RGML MD RFC CVCPAGQC GLRCLQGRW RF?R CJGAGRQ K?VGK?J D?R
    MVGB?RGML,CB2AG2NMPRQ$VCPAZ

    /MP ¤K  BSP?LRC ? ?RGTGB?BC BC JMLE? BSP?ŽM C @?GV? GLRCLQGB?BC  AMKM ? AMPPGB? BC K?P?RML?  M EJGAME‘LGM GLRP? *
    KSQASJ?P C FCNŠRGAM QCPŠ CQEMR?BM  BCNJCŽM BMQ CQRMOSCQ BC EJGAME‘LGM ? NMLRM BC JGKGR?P M KCR?@MJGQKM BC
    A?P@MGBP?RMMAMPPCNMPTMJR?BMQKGL LMK”LGKM BC?RGTGB?BCAML​R”​LS?-CQQ??JRSP? MKCR?@MJGQKMBMRPGEJGACP”BGM
    ?SKCLR??¤KBCQSNPGP?CLCPEG?PCOSCPGB?N?P?QSQRCLR?P??RGTGB?BC.QD?RMPCQKCLAGML?BMQGLBGA?KOSCCKCVCPA”AGMQ
    BCKCLMQBCKGLBC?RGTGB?BCAML​R”​LS? ?GLECQRŽMBCA?P@MGBP?RMBSP?LRC??RGTGB?BCLŽMLCACQQ?PG?KCLRCKCJFMP?M
    BCQCKNCLFM BC ,5+<9(5*, 2CLBM ?QQGK  ? NMQQG@GJGB?BC BC ? GLECQRŽM BC @C@GB? CQNMPRGT? OSC AMLRCLF? A?P@MGBP?RM
    BSP?LRC??RGTGB?BCKCJFMP?PMBCQCKNCLFMBCTGBM?M?SKCLRMBMKCR?@MJGQKMBMA?P@MGBP?RMT?GBCNCLBCP CKN?PRC B?
    BSP?ŽMB??RGTGB?BC BCNJCŽMB?QPCQCPT?QBCEJGAME‘LGMLMCTCLRMBC,5+<9(5*, AMKDPC​OS‘LAG? BCLMKGL?B?/0;;05.
    ;/,>(33a
    CSKBMQ?QNCARMQBCD?BGE?BSP?LRCMCTCLRMBC,5+<9(5*,#C?AMPBMAMKGQQM ?GLECQRŽMBC@C@GB?CQNMPRGT?
    OSC AMLRCLF? A?P@MGBP?RM BSP?LRC SK CTCLRM BC ,5+<9(5*, BC JMLE? BSP?ŽM  AMKM SK? K?P?RML?  NMBC NMQRCPE?P ?
    BCNJCŽM BC EJGAME‘LGM L?Q ¤@P?Q h SQASJ?mCQ NCJ? K?LSRCLŽM BMQ L”TCGQ CJCT?BMQ B? EJGAMQC Q?LES”
    i C? BGQNML”TCJ N?P?
    M@RCLŽMPŠNGB?BCCLCPEG? PCQSJR?LBMCKKCJFMP?BMBCQCKNCLFM

    #:>:2C5@=24E2E@
    .Q RCPKMQ <9=91B 4? <13D1D? C 9>o39? 4? 13w=E​<? 45 g394? <g3D93? >? C1>7E5 MS %" QŽM KSGR?Q TCXCQ SQ?BMQ
    GLBGQRGLR?KCLRC-MCLR?LRM CQQCQRCPKMQR‘KQGELG¤A?BMQBGDCPCLRCQ.3040(9+63(*;(;6BC¤LGBMAMKM?GLRCLQGB?BCBM
    CVCPA”AGML?OS?JMŠAGBMJŠARGAMQ?LES”​LCMAMKC??QC?ASKS​J?P?AGK?B?AMLACLRP?ŽMBCPCNMSQM%GESP? 
    ? GLRCLQGB?BC BM CVCPA”AGM L? OS?J MAMPPC SK? AMLACLRP?ŽM CQNCA”¤A? BC ŠAGBM JŠARGAM   K,  -MQ GL_ Gq”_ SMQ LŽM
    RPCGL?BMQ MJGKG?PBMJ?AR?RMMAMPPCCK?NPMVGK?B?KCLRC?BMAMLQSKMKŠVGKMBCMVGE‘LGM.JGKG?PBMJ?AR?RM
    BCGL​BG​T”​BSMQRPCGL?BMQCK,5+<9(5*,?AMLRCACCKRMPLMBC?BMAMLQSKMKŠVGKMBCMVGE‘LGM MOSCNCPKGRC?
    PC?​JG​X?ŽM BM CVCPA”AGM CK GLRCLQGB?BC K?GQ ?JR? QCK ?SKCLRM B? AMLACLRP?ŽM Q?LES”​LC? BC ŠAGBM JŠARGAM (QQM 
    GKNMPR?LRCN?P?MBCQCKNCLFMLM,5+<9(5*, NMGQMJGKG?PBMJ?AR?RMPCNPCQCLR??GLRCLQGB?BCBMCVCPA”AGMMSMPGRKMBC
    AMPPGB?OSCNMBCQCPK?LRGBMNMPSKJMLEMNCP”M​BM#CTCKMQM@QCPT?POSCM?SKCLRMB?AMLACLRP?ŽMBCŠAGBMJŠARGAM
    LMQ?LESCCLM​KžQASJMNMBCLŽMQCP?A?SQ?BGPCR?B?CJCT?ŽMB??AGBMQCPCBSŽMBMN'  MAMLRPŠPGM M?SKCLRMB?
    ?AGBMQCNMBCCQR?PK?GQPCJ?AGML?BMAMK?GLA?N?AGB?BCBCK?LRCP?Q”LRCQCBC 3/?N?PRGPBM #/C/G+CK@PC QCBC
    OSC?BCEP?B?ŽMBM 3/NPMBSX”M​LBCFGBPME‘LGMCQS?Q”LRCQCAMLQMKC”M​LBCFGBPME‘LGM"MLDMPKC?GLRCLQGB?BC
    BM CVCPA”AGM ?SKCLR?  M KCQKM ?AMLRCAC AMK ? ?AGBMQC  NMGQ OS?LRGB?BCQ APCQACLRCQ BC 3/ QŽM FGBPMJGQ?B?Q C MQ ​
    KžQASJMQ CK CVCPA”AGM ?NPCQCLR?K BG¤ASJB?BCQ L? PCQQ”LRCQC  MA?QGML?LBM ?AžKS gM BC ”Mi Q BC FGBPME‘LGM
    (LBCNCLBCLRCKCLRCB?A?SQ? ?CJCT?ŽMB??AGBMQC?DCR??A?N?AGB?BCBM​KžQASJMBCECP?PDMP?CNMR‘LAG? NMGQ CLRPC
    MSRP?QAMGQ?Q ?CJCT?ŽMB??AGBMQC?DCR??A?N?AGB?BCBMPCR”ASJMCLBMNJ?QKŠRGAMBCJG@CP?PCQCOSCQRP?PAŠJAGM NPCHSBGA??
    JGE?ŽMBCAŠJAGMAMK?RPMNMLGL?CBGKGLSG??RGTGB?BCBC 3/?QCB?KGMQGL?TCP"?N”RSJM 3SBMGQQMAMLRPG@SGN?P??
    GLA?N?AGB?BC​KSQASJ?PCKK?LRCPSKPGRKMMSSK?A?PE?BCRP?@?JFM
    86DA0   "8<80A 3> ;02C0C> t 0 8=C4=B83034 3> 4G4A2w28> =0 @D0; 0 2>=24=CA0sr> B0=6Dw​=40 34 ;02C0C>
    BD1BC0=280;<4=C4 0D<4=C0 028<0 30@D4;4 3> A4?>DB> > 8=w28> 3> 02<D​;> 34 o283> ;o2C82> => B0=6D4
    %"2>=BC8CD8>=wE4;34o283>B0=6Dw​=4>34
    <#,FCGC;L>IF;=N;NI>?OG;NF?N;>? I=ILL?
    ?GCHN?HMC>;>?>??R?L==CIG;CM;FN;>IKO?;>ICH​>C​P​>OIHŠINL?CH;>I

    .JGKG?PBMJ?AR?RMBMGLRCPCQQCBMQ?RJCR?QBC,5+<9(5*, NMGQDMGKMQRP?BMOSCAMLDMPKCMJGKG?PBMJ?AR?RM?SKCLR?
    MS MAMPPC CK GLRCLQGB?BC K?GQ ?JR?  M KCQKM ?AMLRCAC AMK M BCQCKNCLFM BC ,5+<9(5*,  AMK BCKMLQRP?ŽM BC
    QGELG¤A?RGT?Q AMPPCJ?CQ CLRPC JGKG?P BM J?AR?RM C BCQCKNCLFM CK ,5+<9(5*, /MP CVCKNJM  M AMLQSKM BC MVGE‘LGM LM
    JGKG?PBMJ?AR?RMKMQRPMSAMPPCJ?CQQGELG¤A?LRCQP Z  AMKMQRCKNMQL?QAMPPGB?QBC CK
    CK ?RJCR?Q BC ?K@MQ MQ QCVMQ #CTGBM  AMPPCJ?ŽM CLRPC M JGKG?P BM J?AR?RM C M BCQCKNCLFM CK ,5+<9(5*,  M JGKG?P BM
    J?AR?RMSQ?BMN?P?BCRCPKGL?PXML?QBCGLRCLQGB?BCBCRPCGL?KCLRMN?P?AMPPCBMPCQ AGAJGQR?QCL?B?BMPCQ3GNGA?KCLRC
    ?QXML?QBCRPCGL?KCLRMQŽMCQR?@CJCAGB?Q?AGK? ?@?GVMCLMJGKG?PBMJ?AR?RM

    52AE2w‚6D26C3:2D2@6I6C4{4:@
    Q?B?NR?CQ?CP™@G?Q?MCVCPA”AGMNMBCKMAMPPCPR?LRML??RGTGB?BCCLXGKŠRGA?OS?LRML?BGQNMLG@GJGB?BCBCQS@QRP?RM
    ?RGTGB?BCCLXGKŠRGA?CV?ACP@?B?R?LRMLMAGAJMBC*PC@QOS?LRML?"3$NMBC?SKCLR?P?NPMBSŽM?CP™@G?BC 3/ Q
    CLXGK?Q?CP™@G?QCQRŽMJMA?JGX?B?QL?KGRMAšLBPG? JMEM K?GMPOS?LRGB?BCCMSR?K?LFMB?QKGRMAšLBPG?QPCQSJR?KCK
    CJCT?ŽMB?QCLXGK?Q?CP™@G?Q.?SKCLRMB?BGQNMLG@GJGB?BCBCA?P@MGBP?RMNMBCNPMJMLE?P?BSP?ŽMBMCVCPA”AGM?LRCQ
    OSC ? MDCPR? BC A?P@MGBP?RM JGKGRC ? NPMBSŽM ?CP™@G? BC 3/  BGQNMLG@GJGB?BC K?GMP BC RPGEJGACP”BGM NMBC ?KNJG?P M
    KCR?@MJGQKM?CP™@GMBMRPGEJGACP”BGM PCQSJR?LBMCKKCLMQSQMBCA?P@MGBP?RMLMKCR?@MJGQKM?CP™@GM MOS?JNMBCPG?
    R?K@K?KNJG?P?BSP?ŽMBMCVCPA”AGM?LRCQOSC?BGQNMLG@GJGB?BCPCBSXGB?BCA?P@MGBP?RMJGKGR?QQC?NPMBSŽM?CP™@G?
    BC 3/

    '$26$_g(5(0:,/\6,&$5$1(9(4&b&,1$(4e%,1
    'ŠKSGRMRCKNMQCM@QCPT?M?SKCLRMB?BCLQGB?BCKGRMAMLBPG?JLMQ​KžQASJMQBC?RJCR?QOSCNP?RGA?KRPCGL?KCLRMBC
    ,5+<9(5*,/MPGQQM LŽMQSPNPCCLBCLRCOSC?GLRCLQG¤A?ŽMB??RGTGB?BCCLXGKŠRGA?KGRMAMLBPG?JAMKMRPCGL?KCLRMBC
    ,5+<9(5*, T?PGC BC  ?   C OSC ? ?RGTGB?BC ?CP™@G? CLXGKŠRGA? QCH? PCJ?R?B? K?GQ ?JR? LMQ AGAJGQR?Q BC ,5+<9(5*,
    AMKNCRGRGTM BC YCJGRC^ BM OSC LMQ ?RJCR?Q AMLQGBCP?BMQ Y@MLQ^ LCQQ? KMB?JGB?BC CQNMPRGT? /MP CVCKNJM  NCQOSGQ?Q
    KMQRP?P?KOSC??RGTGB?BCB?BCQGBPMECL?QCQSAAGL?RM2#' SK?B?QCLXGK?QBMAGAJMBC*PC@Q QCGLRCLQG¤AMSCK
    AMK  KCQCQ BC RPCGL?KCLRM BC ,5+<9(5*, C  AMK  KCQCQ BM KCQKM RGNM BC RPCGL?KCLRM $K AMLRP?QRC  ?
    GLRCLQG¤A?ŽMB??RGTGB?BCCLXGKŠRGA?B?QKGRMAšLBPG?QAMKMRPCGL?KCLRMBMRGNM:7905;DMP?KKSGRMGLAMLQGQRCLRCQ 
    JESLQCQRSBMQPCTCJ?P?K?SKCLRMQCMSRPMQLŽMKMQRP?P?K?JRCP?CQQGELG¤A?RGT?Q NMQQG@GJGB?BCBMRPCGL?KCLRMBC
    :7905; MA?QGML?P CJCT?ŽM B?Q CLXGK?Q KGRMAMLBPG?GQ BCNCLBC B? BSP?ŽM BM :7905; . RPCGL?KCLRM BC :7905; BC ASPR?
    BSP?ŽMKCLMQBCQCESLBMQ PCQSJRMSCKBGKGLSGŽMB??RGTGB?BCB?2#' CLOS?LRMMRPCGL?KCLRMBC:7905;BCJMLE?
    BSP?ŽM K?GQ BC  QCESLBMQ  MA?QGMLMS ? GLRCLQG¤A?ŽM QGELG¤A?RGT? B? ?RGTGB?BC B? 2#' QQGK  AMKM  NMQQ”TCJ
    QSNMP  M RPCGL?KCLRM BM RGNM ,5+<9(5*, NPMKMTC ?SKCLRMQ AMLQGQRCLRCQ B? ?RGTGB?BC CLXGKŠRGA? KGRMAMLBPG?J  CLOS?LRM
    ?NCL?Q M RPCGL?KCLRM BC :7905; BC JMLE? BSP?ŽM K?GQ BC  QCESLBMQ  N?PCAC MA?QGML?P ? GLRCLQG¤A?ŽM B? ?RGTGB?BC
    CLXGKŠRGA?KGRMAMLBPG?J
    $LRPCR?LRM  KSGRMQ D?RMPCQ AMLRPG@SCK N?P? M BCQCKNCLFM D”QGAM C LCK RMBMQ PC?JKCLRC JGKGR?K MS KCJFMP?K M
    BCQCKNCLFM-MAGAJGQKMBC,5+<9(5*, MSOS?JOSCPCTCLRMBC,5+<9(5*, SK?GKNMPR?LRCT?​PGŠ​TCJMQSNPGKCLRMQ?LES”​
    LCM MS?BCLQGB?BCC?OS?LRGB?BCBCA?NGJ?PCQ MOS?JBCRCPKGL?MDMPLCAGKCLRMBCMVGE‘LGM EJGAMQCCRPGEJGACP”BGMN?P?M
    RP?@?JFM ​KSQASJ?P  ?JK B? PCKMŽM BM ". C J?AR?RM  NCPDSQŽM Q?LES”​LC? KŠVGK? ​KSQASJ?P NMBC NMRCLAG?JKCLRC
    JGKGR?PMBCQCKNCLFMBC,5+<9(5*, QQGK CK@MP?CQQCRGNMBCRPCGL?KCLRMBCD?RMGLRCLQG¤OSC??RGTGB?BCCLXGKŠRGA?B?
    KGRMAšLBPG?  MSRP?Q ?B?NR?CQ ?M RPCGL?KCLRM R?K@K NPCAGQ?K MAMPPCP N?P? K?VGKGX?P MQ ‘VGRMQ LM BCQCKNCLFM BM
    ,5+<9(5*,

    '$26$_g(5'157%564$61$1(9(4&b&,1$(4e%,1
     BGQNMLG@GJGB?BC R?LRM BC A?P@MGBP?RM OS?LRM BC RPGEJGACP”BGM N?P? QCP SQ?B? AMKM QS@QRP?RM LM KCR?@MJGQKM ?CP™@GM
    NMBC KCJFMP?P M BCQCKNCLFM LM CVCPA”AGM BC ,5+<9(5*, BC TŠPG?Q K?LCGP?Q 2C K?GQ QS@QRP?RM CQRGTCP BGQNML”TCJ C DMP
    SQ?BM L? KCQK? NPMNMPŽM  ? BSP?ŽM BM CVCPA”AGM NMBC QCP NPMJMLE?B? ?LRCQ OSC ? BCNJCŽM BM QS@QRP?RM ?DCRC M
    BCQCKNCLFM#CQQ?K?LCGP? NMQQ”TCJAMPPCP L?B?PMSNCB?J?PLMKCQKMPGRKM?N™QMRPCGL?KCLRMBC,5+<9(5*, NMPK
    NMP SK NCP”M​BM K?GQ NPMJMLE?BM  K?GMPG? BMQ CTCLRMQ BC ,5+<9(5*,  LM CLR?LRM  RCK ? BGQR‹LAG? BCRCPKGL?B? /MP
    CVCKNJM SK?K?P?RML?BCIKCSK?CR?N?B?AMPPGB?BCAGAJGQKM3MSPBC%P?LACNMBCRCPIK#CQQCKMBM M
    M@HCRGTMB?AMPPGB??JA?L?P?OSCJ?BGQR‹LAG?LMKCLMPRCKNMNMQQ”TCJ2CLBM?QQGK N?P?KCJFMP?PMBCQCKNCLFMCK
    EP?LBC N?PRC BMQ CTCLRMQ BC ,5+<9(5*,   NPCAGQM LŽM ?NCL?Q K?GMP BGQNMLG@GJGB?BC BC QS@QRP?RM N?P? QCP SQ?BM LM
    KCR?@MJGQKM?CP™@GM AMKMR?K@KLCACQQŠPGMKCR?@MJGXŠ JMAMKK?GQP?NGBCXBCKMBMOSCK?GQ 3/NMPSLGB?BCBC
    RCKNMQCH?M@RGBMCSKPGRKMBCAMPPGB?K?GQPŠNGBMNMQQ?QCPK?LRGBMNMPSKNCP”M​BMK?GQJMLEM?LRCQB?BCNJCŽMBM
    QS@QRP?RM Q?B?NR?CQOSCNCPKGRCKCQQ?R?V?K?GQPŠNGB?BMKCR?@MJGQKMGLAJSCK CLRPCMSRP?Q CJCT?ŽMB?QCLXGK?Q
    KGRMAMLBPG?GQ ?SKCLRMB?BCLQGB?BCCOS?LRGB?BCA?NGJ?P RP?LQNMPRCK?GQGLRCLQMBCMVGE‘LGMLMQ?LESC B@GRMA?PB”?​AM
    K?GQ?JRMCPCKMŽMK?GQŠEGJBMJ?AR?RM

    8B?>=818;8303434BD1BCA0C>
    "MLDMPKCBCQAPGRM?LRCPGMPKCLRC MEJGAME‘LGMGLRP?​KSQASJ?PBCD?RM?SKCLR?CKPCQNMQR??MRPCGL?KCLRMBC,5+<9(5*,C
    :7905;BCJMLE?BSP?ŽMK?GQBCQCESLBMQ (QQMGKNMPR?LRCNMPOSCMEJGAME‘LGMNMBCQCPSQ?BMN?P?NPMBSXGP 3/
    R?LRM ?CP™@G? OS?LRM ?L?CPM@G?KCLRC  C ? BCNJCŽM QGELG¤A?RGT? BC EJGAME‘LGM GLRP?h SQASJ?P OSC NMBC AMKNPMKCRCP M
    BCQCKNCLFM  DMG KMQRP?B? AMK ?Q ?RGTGB?BCQ BC ,5+<9(5*, C BC :7905; BC ?NCL?Q  QCESLBMQ "MKM ?Q PCQCPT?Q BC
    EJGAME‘LGMQŽMBCNJCR?B?Q FŠSK?SKCLRMB?A?NR?ŽMBCEJGAMQCQ?LES”​LC?NCJMRCAGBM​KSQASJ?P?RGTM$QQ?A?NR?ŽMK?GQ
    GLRCLQ? BC EJGAMQC Q?LES”​LC? N?PCAC QCP AMLRPMJ?B? NMP D?RMPCQ JMA?GQ  AMK ? BCNJCŽM BC EJGAME‘LGM CQRGKSJ?LBM M
    ?SKCLRM B? A?NR?ŽM BC J?AR?RM C EJGAMQC BM Q?LESC $K N?PRC  ? M@RCLŽM K?GQ ?ACL​RS?B? BC EJGAMQC Q?LES”​LC? CQRŠ
    PCJ?AGML?B?AMK?GLRCLQG¤A?ŽMB??RGTGB?BCBMRP?LQNMPR?BMPBCEJGAMQCJGE?BMKCK@P?L?&+43  "MLDMPKCHŠ
    BGQASRGBM?LRCQ MJ?AR?RMQ?LES”​LCMSKKCGMNCJMOS?JMQS@QRP?RMNMBCQCPA?PPC?BMNCJMAMPNMN?P?QCPKCR?@MJGX?BM
    NCJMQBGDCPCLRCQRCAGBMQ AMKMMRCAGBM​KSQASJ?PA?PB”?​AMCCQRPG?BMCQOSCJRGAMGL?RGTM K?LSRCLŽMB?BGQNMLG@GJGB?BC
    BCEJGAMQCMSEJGAME‘LGMN?P?SQMAMKMQS@QRP?RMLMKCR?@MJGQKM?CP™@GMGKNMPR?LRC HŠOSC?D?JR?BCA?P@MGBP?RM
    ?QQMAG?B?  D?BGE? C ?M /0;;05. ;/, >(33 CK CTCLRMQ BC ,5+<9(5*, AMKM ? K?P?RML? /MPR?LRM  M AMLQSKM BC @C@GB?Q
    CQNMPRGT?QAMLRCLBMA?P@MGBP?RMBSP?LRCMQCTCLRMQBC,5+<9(5*,LŽM?NCL?QCTGR??BCQGBP?R?ŽMAMKMR?K@KK?LRK?Q
    AMLACLRP?CQBCEJGAMQCBMQ?LESC BCKMBMOSC?BCNJCŽMBCEJGAME‘LGMGLRP?​KSQASJ?PPCR?PB?B? @CKAMKM?D?BGE?
    LCACQQGB?BCBMA?P@MGBP?RMLMKCR?@MJGQKM¤A?CTGBCLAG?B?L?QBGPCRPGXCQBGCRRGA?QCJ?@MP?B?QN?P??RJCR?Q!MVC 
    )ŠDMGKMQRP?BMOSC?QPCQCPT?QBCRPGEJGACP”BGMGLRP?​KSQASJ?PAPCQACKAMKMRPCGL?KCLRMBC,5+<9(5*,/MPCVCKNJM M
    AMLRCž​BMBCJGN”BGMB?¤@P?h SQASJ?PBCAMLRP?ŽMPŠNGB? MSBMRGNM(( ?SKCLR??CMB?¤@P?BCAMLRP?ŽM
    JCLR?  MS BM RGNM (  APCQAC  $LRPCR?LRM  NMSAMQ CQRSBMQ CV?KGL?P?K ? PCQNMQR? BM RPGEJGACP”BGM GLRP?​KSQASJ?P ?M
    RPCGL?KCLRMBC:7905;CPCQGQR‘LAG? QCLBMMQPCQSJR?BMQBCQQ?QNCQOSGQ?QGLAMLAJSQGTMQ
    .Q ŠAGBMQ EP?VMQ AMLQSKGBMQ LM KCR?@MJGQKM ?CP™@GM NCJM RCAGBM ?RGTM R?K@K NMBCK QCP M@RGBMQ BM Q?LESC
    AMLACLRP?ŽMBCŠAGBMEP?VMQ?LES”​LCMN?PCACLŽMQC?JRCP?P MS?RKCQKMPCBSXGP ?N™QMRPCGL?KCLRM?CP™@GM$K@MP?
    MQ RP?LQNMPR?BMPCQ BC ŠAGBMQ EP?VMQ JGE?BMQ  KCK@P?L? CQRCH?K ?SKCLR?BMQ ?N™Q M RPCGL?KCLRM BC ,5+<9(5*,  ?
    A?NR?ŽMBCŠAGBMEP?VMBMQ?LESCNCJMQ​KžQASJMQCKRP?@?JFMLŽMK?GQ?ACL​RS?B? QSECPGLBMOSCMSQMK?GQGLRCLQMBC
    ŠAGBMQ EP?VMQ ?N™Q M RPCGL?KCLRM BC ,5+<9(5*, QC BCTC ? K?GMP BCNCLB‘LAG? BMQ RPGEJGACP”BGMQ GLRP?​KSQASJ?​PCQ
    BGQNMLG@GJGB?BCBMQS@QRP?RMA?SQ? CKN?PRC BGDCPCL?QL?GLRCP?ŽMBMSQMBMQS@QRP?RM?CP™@GMBSP?LRCMCVCPA”AGMCLRPC
    MGL​BG​T”​BSMRPCGL?BMCMLŽMRPCGL?BM$QQC?QQSLRMQCPŠBGQASRGBML?NP™VGK?QCŽM

    !&
      -, 
    6-+-;;1,),-,-+):*71,:)<7,=:)6<-7-@-:+h+17)-:l*17

    LCACQQGB?BCBCA?P@MGBP?RMBSP?LRC??RGTGB?BCD”QGA? CQNCAG?JKCLRCLMQCTCLRMQ?RJRGAMQBC,5+<9(5*,C?CP™@GMQ
     KSGRM @CK BCKMLQRP?B? NCJ?Q PCAMKCLB?CQ B?Q BGTCPQ?Q CLRGB?BCQ EMTCPL?KCLR?GQ BC LSRPGŽM CQNMPRGT?
    AMLDMPKC BCR?JF?BM L? $SPMNC?L "MKKGQQGML 1CNMPR MD RFC 2AGCLRG¤A "MKKGRRCC ML %MMB   QM@PC
    AMKNMQGŽMCCQNCAG¤A?ŽMBM?JGKCLRMOSCNPCRCLBCQ?RGQD?XCPME?QRMBMCQDMPM h SQASJ?PGLRCLQM QM@PCRSBMCK
    FMKCLQCQNMPRGQR?Q AMKGQQŽMAMLAJSGSOSCPCQCPT?QCJCT?B?QBCEJGAME‘LGM​KSQASJ?P?LRCQBMCVCPA”AGMLŽMD?XCK
    AMKOSCMQ?RJCR?QAMPP?KAMKK?GQP?NGBCXLMCLR?LRM NCPKGRCKOSCMQ?RJCR?QK?LRCLF?KB?BMPGRKMNMPSK
    NCP”M​BM K?GQ JMLEM  M OSC PCQSJR? CK KCJFMP? BMQ RCKNMQ LM BCQCKNCLFM BC ,5+<9(5*, $K N?PRC  M KCJFMP
    BCQCKNCLFM CK ?RJCR?Q RPCGL?BMQ CK ,5+<9(5*, CK AMKN?P?ŽM AMK MQ GL​BG​T”​BSMQ KCLMQ RPCGL?BMQ BSP?LRC M
    CVCPA”AGM QS@KŠVGKM LM KCQKM PGRKM MS GLRCLQGB?BC ?@QMJSR?  BCAMPPCLRC B? BGKGLSGŽM B? BCNCLB‘LAG? B?
    BCEP?B?ŽM BM EJGAME‘LGM ​KSQASJ?P . ?SKCLRM B? A?N?AGB?BC ?CP™@G? BMQ ?RJCR?Q BC ,5+<9(5*, NMQQG@GJGR? OSC M ​
    KžQASJM CQOSCJRGAM KCR?@MJGXC K?GQ EMPBSP? CK GLRCLQGB?BC ?@QMJSR? QS@KŠVGK? BCRCPKGL?B?  SQ?LBM  BCQQC
    KMBM KCLMQEJGAME‘LGM​KSQASJ?P(QQMD?XAMKOSCMQCQRMOSCQBCEJGAME‘LGM​KSQASJ?PCFCNŠRGAMQCH?KNMSN?BMQ
    PCR?PB?LBM?D?BGE?PCJ?AGML?B?AMK?BCNJCŽMB?QPCQCPT?QBCA?P@MGBP?RMSQ?BMQN?P?NPMBSXGP 3/
    Q LCACQQGB?BCQ ECP?GQ NMP CLCPEG? QŽM K?GMPCQ LMQ ?RJCR?Q BM OSC L?Q NCQQM?Q AMKSLQ  C EP?LBC N?PRC BCQQ?
    CLCPEG? TCK BMQ A?P@MGBP?RMQ -ŽM QC CQOSC? BC OSC CVGQRC SK? EP?LBC BGDCPCL? CLRPC ? NCQQM? AMKSK OSC QC
    CVCPAGR? NMP ?JESK?Q FMP?Q NMP QCK?L? C M ?RJCR? BC ,5+<9(5*, AMKNCRGRGTM  SK? TCX OSC ?Q LCACQQGB?BCQ C ?Q
    PCAMKCLB?CQ BC GLECQRŽM ?JGKCLR?P QŽM KSGRM K?GMPCQ N?P? M ?RJCR? RJCR?Q BC ,5+<9(5*, BC CJGRC OSC RCLR?K
    K?VGKGX?PMBCQCKNCLFMBCTCKAMLQSKGPSK?KBG?BC?B?CLCPEG?BGŠ​PG?RMR?JBMQA?P@MGBP?RMQBSP?LRC
    MQNCP”M​BMQBCRPCGL?KCLRMNCQ?BM C?OS?LRGB?BCT?GBCNCLBCPBMTMJSKC B?GLRCLQGB?BC BMRGNMCB?BSP?ŽMB?
    ?RGTGB?BC2CQQCLR?NMPACLRMB?CLCPEG?NPMTCLGCLRCBMQA?P@MGBP?RMQBSP?LRCMNCP”M​BMBCRPCGL?KCLRM CKN?P​
    RGASJ?P L? QCK?L? ?LRCQ B? AMKNCRGŽM  NMBC NPMBSXGP AMLACLRP?CQ K?GQ CJCT?B?Q BC EJGAME‘LGM ​KSQASJ?P C
    KCJFMP? BM BCQCKNCLFM  NMPK  K?GQ SK? TCX  ? OS?LRGB?BC T?PG? BC ?AMPBM AMK MQ D?RMPCQ KCLAGML?BMQ
    ?LRCPGMPKCLRC
    $KOS?LRGB?BCQ?@QMJSR?Q ?QPCAMKCLB?CQBGŠ​PG?QB?GLECQRŽMBCA?P@MGBP?RMN?P??RJCR?QT?PG?KBC?EãIE
    NCQM AMPNMP?JZ  NMBCLBM ?JA?L?P  ?  EãIE\BG?Z CK ?RJCR?Q BC ,5+<9(5*, BC CJGRC  AMKM MQ NP?RGA?LRCQ BC
    K?P?RML? AMKNCRGRGT?  BSP?LRC MQ žJRGKMQ BG?Q ?LRCQ B?Q AMKNCRGCQ $QQ?Q PCAMKCLB?CQ NMQQG@GJGR?K ?
    K?LSRCLŽM BMQ L”TCGQ BC EJGAMQC Q?LES”​LC? BSP?LRC C ?N™Q M CVCPA”AGM N?P? K?VGKGX?P MQ L”TCGQ BC EJGAME‘LGM ​
    KSQASJ?P$LRPCR?LRM CQQ?QGLECQRCQQŽM?JR?KCLRCGL​BG​TG​BS?GQC@?​QC?​B?QLME?QRMCLCPERGAMBGŠ​PGMBM?RJCR? LM
    RGNMBCCQNMPRC LME‘LCPMCLMQD?RMPCQ?K@GCLR?GQ
    #SP?LRC?AMKNCRGŽMBCK?GQBCFBCBSP?ŽM MQ?RJCR?QBC,5+<9(5*,NCV AGAJGQR?QBCCQRP?B? A?LM”​QR?QBC
    JMLE? BGQR‹LAG? C RPG?RJCR?Q  BCTCK AMLQSKGP A?P@MGBP?RMQ BC DŠAGJ BGECQRŽM -? K?GMPG? B?Q TCXCQ   NMQQ”TCJ
    CLAMLRPŠ JMQ L? DMPK? BC @?PP?Q CLCPERGA?Q C @C@GB?Q CQNMPRGT?Q DŠACGQ BC RP?LQNMPR?P BSP?LRC ? AMPPGB? /?P?
    CTCLRMQK?GQJMLEMQ QSNMLBMOSCM?RJCR??NPCQCLRCCQRMOSCQBCEJGAME‘LGMQS¤AGCLRC ?GLECQRŽMBCFMP?CKFMP?
    BC   EãIE NCQM AMPNMP?JZ  Z  EãFZ  BC A?P@MGBP?RM ?HSB? ? NPMJMLE?P M BCQCKNCLFM BM ?RJCR? "MEE?L
    "MWJC    Q @C@GB?Q CQNMPRGT?Q BCTCK AMLRCP CLRPC  C  BC A?P@MGBP?RM 2?UI? ,; (3    C LŽM BCTCK
    CVACBCP SK?TCXOSCAMLACLRP?CQBCA?P@MGBP?RMK?GQCJCT?B?QPCR?PB?K??@QMPŽMGLRCQRGL?J QDMLRCQBC
    A?P@MGBP?RMBCTCKCQR?PL?DMPK?BCEJGAMQC NMJ”KCPMQBCEJGAMQC Q?A?PMQCCMSRPMQA?P@MGBP?RMQAMKNPMNPGCB?BCQ
    QGKGJ?PCQ”LBGACEJGA‘KGAM?JRM "MKCQQ?QPCAMKCLB?CQ ¤A?AJ?PMOSC?QPCQCPT?QBCEJGAME‘LGMGLRP? h SQASJ?PC
    FCNŠRGAM QŽM AMLQGBCP?CQ GKNMPR?LRCQ L? NPCN?P?ŽM N?P? M CTCLRM BC ,5+<9(5*, C OSC ? GLECQRŽM ?BCOS?B? BC
    A?P@MGBP?RMBSP?LRCCQQCRGNMBCCTCLRMTGR?JN?P?MBCQCKNCLFM​GBC?J QM@PCRSBMBSP?LRC?QžJRGK?QNMPCQBMQ
    CTCLRMQBC,5+<9(5*,

    %121>g:/5-?
    /MQGRGML MD RFC KCPGA?L #GCRCRGA QQMAG?RGML  #GCRGRG?LQ MD "?L?B?  ?LB RFC KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC
    -SRPGRGML?LB RFJCRGA/CPDMPK?LAC40,;::6*Z
    2?UI? ,-  !SPIC +,  $GAFLCP $1  ,?SEF?L 1)  ,MLR?GL 2)  2R?AFCLDCJB -2 KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC
    NMQGRGMLQR?LB$VCPAGQC?LB¥SGBPCNJ?ACKCLR,+ *0 769;:?,9*Z
    "MEE?L 1  "MWJC $% "?P@MFWBP?RC GLECQRGML BSPGLE NPMJMLECB CVCPAGQC $DDCARQ ML KCR?@MJGQK ?LB NCPDMPK?LAC ?,9*
    769; *0,=Z

    +B>34BD1BCA0C>3DA0=C4>4G4A2w28>
    +CK@PC QCBCOSC AMLDMPKC?GLRCLQGB?BCBMCVCPA”AGM?SKCLR? MAMPPCSKBCQTGMEP?B?RGTMN?P?MKCR?@MJGQKMA?B?TCX
    K?GMP BC A?P@MGBP?RMQ ?R OSC L? A?PE? BC RP?@?JFM KŠVGK?  CK RCMPG?   BM KCR?@MJGQKM ?CP™@GM MAMPP? AMK M
    A?P@MGBP?RM QCTGB‘LAG?QR?K@KKMQRP?KOSC?BCNJCŽMBCEJGAME‘LGMGLRP?​KSQASJ?PCQRŠ?QQMAG?B?D?BGE?BSP?LRCMQ
    CTCLRMQBC,5+<9(5*, QQGK M?SKCLRMBMQCQRMOSCQBCEJGAME‘LGMGLRP?​KSQASJ?PMA?QGML?BMNCJMRPCGL?KCLRMPCR?PB??
    D?BGE? ​KSQASJ?P .SRP? K?LCGP? BC ?RP?Q?P ? BCNJCŽM BC EJGAME‘LGM C ? D?BGE?  KCR?@MJGX?P KCLMQ EJGAME‘LGM C K?GQ
    RPGEJGACP”BGMMSŠAGBMQEP?VMQL?KCQK?A?PE?BCRP?@?JFM?@QMJSR?MSPGRKM?N™QMRPCGL?KCLRM-MOSCAMLACPLC?MSQM
    BCQS@QRP?RM CQQ??NPGLAGN?J?B?NR?ŽMOSCMAMPPCAMKMRPCGL?KCLRMBC,5+<9(5*,(LBGT”BSMQOSCRPCGL?K?RGTGB?BCQ
    BC,5+<9(5*,KCR?@MJGX?KK?GQRPGEJGACP”BGMQMSŠAGBMQEP?VMQCKCLMQEJGAME‘LGMMSEJGAMQCL?KCQK?A?PE?BCRP?@?JFM
    ?@QMJSR?MSPGRKM NMSN?LBMEJGAME‘LGMCNMQRCPE?LBM?D?BGE? 
    A?N?AGB?BCBCSRGJGX?PK?GQRPGEJGACP”BGMQCŠAGBMQEP?VMQLMKCR?@MJGQKM?CP™@GM?N™QMRPCGL?KCLRMCQRŠ?QQMAG?B??M
    ?SKCLRM B? A?N?AGB?BC ?CP™@G? (QQM OSCP BGXCP OSC  NMP CVCKNJM  MQ GL​BG​T”​BSMQ AMK RPCGL?KCLRM BC ,5+<9(5*,
    KCR?@MJGX?KSK?NMPACLR?ECKK?GQCJCT?B?BCEMPBSP?OS?LBMAMPPCK?KGLNMPKGJF? IK CKAMKN?P?ŽMAMK
    MQ GL​BG​T”​BSMQ LŽM RPCGL?BMQ s KCBGB? OSC ? GLRCLQGB?BC BM CVCPA”AGM ?SKCLR?  MQ GL​BG​T”​BSMQ RPCGL?BMQ AML​RG​LS?K
    AMKC?LBM ? KCR?@MJGX?P BC K?LCGP? EP?B?RGT? K?GQ A?P@MGBP?RM ?R  L? GLRCLQGB?BC KŠVGK?  ?JA?L?P  BC
    A?P@MGBP?RMKCR?@MJGX?BM$LRPCR?LRM MQGL​BG​T”​BSMQRPCGL?BMQCQR?PŽMCKPGRKMMSA?PE?BCRP?@?JFM?@QMJSR?K?GQ?JR?
    OSCMQLŽMRPCGL?BMQOS?LBM?RGLECK?GLRCLQGB?BCKŠVGK?

    '$26$_g(5'1.,/,$4'1.$&6$61$1(9(4&b&,1
    NPGLAGN?J?B?NR?ŽM?MRPCGL?KCLRMLMJGKG?PBMJ?AR?RMM?SKCLRMB?GLRCLQGB?BCPCJ?RGT?BCCVCPA”AGMNMPACLR?ECK
    BC AMLQSKM BC MVGE‘LGM KŠVGKM  CK OSC MAMPPC CJCT?ŽM BM L”TCJ BC J?AR?RM Q?LES”​LCM . JGKG?P BM J?AR?RM CJCT?BM
    QGELG¤A? OSC M GL_ Gq”_ SM RPCGL?BM  A?N?X BC PC?
    gGu?P SK CVCPA”AGM CK GLRCLQGB?BC K?GQ ?JR?  SQ?LBM BC K?LCGP?
    NPCBMKGL?LRC?NPMBSŽMBC 3/?CP™@G? K?LRCLBM BCQQCKMBM MPGRKMMS?GLRCLQGB?BCK?GQ?JR?BMCVCPA”AGMNMPSK
    NCP”M​BMK?GQJMLEM%GESP? 
    CJCT?ŽMBMJGKG?PBMJ?AR?RMMA?QGML?B?NCJMRPCGL?KCLRMDSLB?KCLR?B?CKTŠPG?Q?B?NR?CQ¤QGMJ™EGA?Q GLAJSQGTC
    LM?SKCLRMB?A?N?AGB?BCBCKCR?@MJGX?PJGN”BGM L?CJCT?ŽMB?QCLXGK?QBMAGAJMBC*PC@QCL?"3$C?KNJG?ŽMB?
    OS?LRGB?BC C BCLQGB?BC A?NGJ?P TCP "?N”RSJM   3MBMQ CQQCQ D?RMPCQ D?XCK QS@GP ? A?PE? BC RP?@?JFM L? OS?J M 3/
    LCACQQŠPGM  NPGLAGN?JKCLRC NPMBSXGBM NCJM KCR?@MJGQKM ?CP™@GM  ?SKCLR?LBM ? GLRCLQGB?BC MS M PGRKM OSC NMBC QCP
    K?LRGBM?LRCQBCNPCAGQ?PBCNCLBCPBMKCR?@MJGQKM?CP™@GM

    $6E23@=:D>@26C3:@6>D6F>sI:>@
    $JCT?CQ L?Q AMLACLRP?CQ CLXGKŠRGA?Q BM AGAJM BC *PC@Q C B? "3$ ?SKCLR?K ? A?N?AGB?BC BC PC?​JG​X?P KCR?@MJGQKM
    ?CP™@GM -M CLR?LRM  MSRP?Q ?JRCP?CQ ¤QGMJ™EGA?Q R?K@K QŽM LCACQQŠPG?Q N?P? GLRCLQG¤A?P M KCR?@MJGQKM ?CP™@GM C M
    JGKG?PBMJ?AR?RM BCLQGB?BCKGRMAMLBPG?J?SKCLR?CKPCQNMQR??MRPCGL?KCLRM?CP™@GMC ?SKCLR?LBMMTMJSKCB?
    KGRMAšLBPG? BCLRPM B? AJSJ?  MAMPPC SK ?SKCLRM AMLAMKGR?LRC L? AMLACLRP?ŽM BC QS?Q CLXGK?Q ?CP™@G?Q /?P?
    GLAPCKCLR?P ? PCKMŽM BC ". C M QSNPGKCLRM BC MVGE‘LGM C EJGAMQC Q?LES”​LC? N?P? SQM LM KCR?@MJGQKM ?CP™@GM  
    NPCAGQM SK QSNPGKCLRM Q?LES”​LCM K?GMP (QQM  AMLQCESGBM NMP KCGM BC ?B?NR?CQ BM QGQRCK? A?PBGMT?QASJ?P  AMKM
    ?SKCLRM BM B@GRM A?PB”?​AM MS B? OS?LRGB?BC BC Q?LESC @MK@C?BM NCJM AMP?ŽM NMP KGLSRM TCP "?N”RSJM   .
    QSNPGKCLRMQ?LES”​LCMR?K@KK?GMPCKBCAMPP‘LAG?B?K?GMPOS?LRGB?BCBCA?NGJ?PCQ?MPCBMPBCA?B?¤@P? h SQASJ?P
    /MPCVCKNJM AMKJMLEMQNCP”M​BMQBCRPCGL?KCLRM?CP™@GM ?OS?LRGB?BCBCA?NGJ?PCQNMP¤@P?h SQASJ?PAPCQACACPA?BC
     MOSC?KNJG??​ŠPC?BCQSNCPD”AGCNCJ?OS?JMMVGE‘LGMC?EJGAMQCNMBCKQCKMTGKCLR?PN?P?BCLRPMCM".N?P?
    DMP?B?¤@P?h SQASJ?P4K?TCXL?¤@P?KpQASJ?P MMVGE‘LGMNPCAGQ?AFCE?PKGRMAšLBPG? KGMEJM@GL? SK?KMJASJ?
    QGKGJ?PFCKMEJM@GL?CCLAMLRP?B?BCLRPMB?¤@P?h SQASJ?P LŽM?NCL?Q?PK?XCL?NCOSCL?QOS?LRGB?BCQBCMVGE‘LGML?
    ¤@P?  AMKM R?K@K ?HSB? L? RP?LQDCP‘LAG? BM MVGE‘LGM A?NRSP?BM BM Q?LESC N?P? ? KGRMAšLBPG?  MLBC MAMPPC M
    KCR?@MJGQKM?CP™@GM.RPCGL?KCLRMBC,5+<9(5*,NPMKMTCM?SKCLRMB?OS?LRGB?BCBCKGMEJM@GL?L?Q¤@P?Q h SQASJ?
    mCQ
    
    C AMKGQQM MRP?LQNMPRCBCMVGE‘LGMBCLRPMB?Q¤@P?Qh SQASJ?mCQ "MKGQQM ¤A?CTGBCLAG?BMOSCMQ‘VGRMQNPMKMTGBMQ
    NCJMRPCGL?KCLRML?NPMBSŽMBC 3/LŽMBCNCLBCK?NCL?QBMQ?SKCLRMQB?OS?LRGB?BCBCCLXGK?Q?CP™@G?Q

    ! 

    =8F?D2>:?@s​4:5@DA@56>6?EC2C?2>:E@4€?5C:256>2?6:C25:C6E26D6C>6E23@=:J25@D
    @?7@C>625FC2wv@522E:G:5256D6AC@=@?82@>6E23@=:D>@5@DEC:8=:46C{5:@DD6:?E6?D:L42
    b>65:52BF62:?E6?D:5256522E:G:52562F>6?E2256A6?5y?4:25@>6E23@=:D>@5@42C3@:5C2E@4C6D46
    52AE2w‚6D2@EC6:?2>6?E@26C3:@:?4=F6>
    E:G:5256>2:D:?E6?D2562=8F>2D6?J:>2D5@4:4=@56!C63D6524256:2EC2?DA@CE25@C2566=xEC@?D
    C6D4:>6?E@5@D6DE@BF6D:?EC2​>FD4F=2​C6D568=:4@8y?:@6=:A{5:@
    F>6?E@5256A6?5y?4:25@>6E23@=:D>@5@s4:5@8C2I@?2>6D>2:?E6?D:5256522E:G:525626C3:22AD@EC6:?2>6?E@6>
    4@>A2C2wv@4@>2?E6D5@EC6:?2>6?E@
    =6G2wv@5@=:>:2C5@s4:5@=s4E:4@@BF6A6C>:E6@56D6>A6?9@562E:G:525626C3:256:?E6?D:5256>2:D2=E22?E6DBF6@
    2F>6?E@5224:5@D6:?EC2​>FD4F=2C6D2?8F{​?62@4@CC2
    F>6?E@5256?D:525652>:E@4€?5C:252BF2?E:52565642A:=2C6D6524@?46?EC2wv@56>:@8=@3:?2

    (42D?4A0sr><4C01{;8200?{B>4G4A2w28>

    2C ?JESK? TCX L? TGB? TMA‘ AMPPCS  K M K?GQ PŠNGBM OSC NMBC MS JCT?LRMS LM 3,. 79,:: SK? A?PE? NCQ?B? NMP 
    PCNCRGCQ TMA‘Q?@COSC?DPC​OS‘LAG?A?PB”?​A?CPCQNGP?R™PG?NCPK?LCACKCJCT?B?QNMP?JESKRCKNM?N™QMRPKGLMB?
    ?RGTGB?BC#CD?RM DPC​OS‘LAG?A?PB”?​A? DPC​OS‘LAG?PCQNGP?R™PG?CR?V?KCR?@™JGA?AML​RG​LS?K?JR?QNMPSKNCP”M​BM?N™Q?
    K?GMPG?BMQRGNMQBC?RGTGB?BCD”QGA? PCASNC​P?ŽMKCR?@™JGA??@MPB?RSBM?OSGJMOSCMAMPPC?N™Q??RGTGB?BCD”QGA?OSC
    NCPKGRC ? PCASNC​P?ŽM BM CVCPA”AGM PCAK PC?​JG​X?BM N™Q SK? PMB?B? BC CVCPA”AGMQ  CQNCAG?JKCLRC MQ OSC CLTMJTCK
    NPMACQQMQ KCR?@™JGAMQ ?L?CP™@GMQ  ? /" GLRP?​KSQASJ?P NPCAGQ? QCP PCQQGLRCRGX?B? C PCBSXGB? ? ?AGBMQC GLRP?​KSQASJ?P C
    Q?LES”​LC? OS?LBM QC T?G PC?​JG​X?P MSRP? PMB?B? BC CVCPA”AGMQ ?L?CP™@GMQ JMEM CK QCESGB? +CK@PC QC BC OSC ? CLCPEG?
    LCACQQŠPG? N?P? QGLRCRGX?P /" NMBC QCP M@RGB? B? BCEP?B?ŽM BM 3/ . 3/ LCACQQŠPGM N?P? CQQC NPMACQQM NMBC QCP
    AMLQCESGBMBMKCR?@MJGQKM?CP™@GM AMLACLRP?ŽMBCŠAGBMJŠARGAMBGKGLSGQCNSBCPQCPKCR?@MJGX?BM?CPM@G?KCLRCMS
    SQ?BML?Q”LRCQCBCEJGAME‘LGM N™QSK?QPGCBCCVCPA”AGMQ DPC​OS‘LAG?A?PB”?​A? DPC​OS‘LAG?PCQNGP?R™PG?CR?V?KCR?@™JGA?
    NCPK?LCACKCJCT?B?Q NMGQMKCR?@MJGQKM?CP™@GMSQ?BML?PCASNC​P?ŽMB?QPGCBCCVCPA”AGMQNPCACBCLRC-MCLR?LRM
    R?K@KCVGQRCKMSRP?QP?XCQNCJ?QOS?GQ?R?V?KCR?@™JGA?AML​RG​LS?NMP?JESKRCKNM?JR??N™QMCVCPA”AGM

    @?DF>@56@I:8y?:@2AD@6I6C4{4:@
    N™QSK?QPGCBCCVCPA”AGMQ ?R?V?KCR?@™JGA?MSMAMLQSKMBCMVGE‘LGMNCPK?LCACCJCT?BM%GESP? #MNMLRMBC
    TGQR? FGQR™PGAM  M RCPKM 4l29D? 45 ?H97m>9? RCK QGBM SQ?BM N?P? BCQAPCTCP M MVGE‘LGM SQ?BM CK T?JMPCQ ?AGK? BMQ BC
    PCNMSQM ?N™Q M CVCPA”AGM . AMLQSKM BC MVGE‘LGM LM 5CD14? 45 5AE9<o2B9? PCDCPC QC  AMLBGŽM L? OS?J RMB? CLCPEG?
    LCACQQŠPG?  DMPLCAGB? NCJM KCR?@MJGQKM ?CP™@GM . 4l{39D 45 ?H97m>9? BCQAPCTC ? BGDCPCL? CLRPC ? OS?LRGB?BC BC
    MVGE‘LGMPC?JKCLRCAMLQSKGB?BSP?LRCMCVCPA”AGMC?OSCJ?OSCQCPG?AMLQSKGB?QC?QBCK?LB?QBCCLCPEG?NSBCQQCKQCP
    ?RCLBGB?QQMKCLRCNCJMKCR?@MJGQKM?CP™@GM2C?CLCPEG?N?P?PC?​JG​X?PSKCVCPA”AGMCKSK?GLRCLQGB?BCN?P​RGASJ?PLŽM
    DMG M@RGB? BC K?LCGP? ?CP™@G?  LCACQQ?PG?KCLRC DMG AMLQCESGB? BC K?LCGP? ?L?CP™@G? QQGK  GLBGPCR?KCLRC  M B¤AGR BC
    MVGE‘LGMD?XPCDCP‘LAG?CLCPEG??L?CP™@G?SRGJGX?B?N?P?PC?​JG​X?PSK?A?PE?BCRP?@?JFMCQNCA”¤A?
    86DA0   (4?A4B4=C0sr> 3> 3tJ28C 34 >G86u=8> 4 2>=BD<> 4G24BB8E> 34 >G86u=8> 0?{B 4G4A2w28> &%
    "G<IL;IIRCAHCI=IHMOGC>I>OL;HN?I>Œ<CNI>?IRCAHCIIO"-, M?D;OM;>IH;L?=OJ?​L;‹ŠI;J•MI?R?L==CI
    Œ
    G;CILKO?I>ŒV=CN>?IRCAHCIP?LN?RNIJ;L;?RJFC=;‹ŠI

    'GQRMPGA?KCLRC  M B@GRM BC MVGE‘LGM  BGTGBGBM CK  D?QCQ NPGLAGN?GQ ? D?QC PŠNGB? C ? D?QC JCLR?  D?QC PŠNGB? BSP?
    ACPA? BC  ?  KGL  BSP?LRC ? OS?J QC ?APCBGR?T? OSC ? K?GMPG? B? /" GLRP?​KSQASJ?P CP? PCQQGLRCRGX?B?  D?QC JCLR? QC
    CQRCLBC NMP KSGRM K?GQ RCKNM MS QCH?  NMBC JCT?P ?R ?JESK?Q FMP?Q N?P? OSC ? DPC​OS‘LAG? A?PB”?​A? C ? PCQNGP?R™PG?
    PCRMPLCK?MQPC?GQT?JMPCQBCPCNMSQM CQC?AF?T?OSCCLTMJTG?MKCR?@MJGQKM?CP™@GMBM?AGBMJŠARGAMQ?LES”​LCMCGLRP?​
    KSQASJ?PCMSQMBCŠAGBMJŠARGAML?EJGAMLCME‘LCQCMSQ”LRCQCBCEJGAMQC$KRMPLMBCBMŠAGBMJŠARGAMNPMBSXGBM?M
    JMLEMBMCVCPA”AGMKCR?@MJGX?BMNCJ?TG??CP™@G?SQ?BMN?P?QGLRCRGX?PEJGAMQCCN?P?DMPK?P?KGLMŠ​AGBMQ
    EJGAMLCME‘LGAMQ $LRPCR?LRM  KSGRM K?GQ MVGE‘LGM  M@RGBM BSP?LRC M B@GRM BC MVGE‘LGM BM OSC ?OSCJC PCOSCPGBM N?P?
    PC?​JG​X?PCQQCQNPMACQQMQ
    2CLBM ?QQGK  M OSC K?GQ A?SQ? B@GRM BC MVGE‘LGM %GESP?   .VGE‘LGM  LCACQQŠPGM N?P? PCQR?SP?P MQ CQRMOSCQ BC
    MVGE‘LGMQ?LES”​LCMC​KSQASJ?P CJCT?ŽMBML”TCJBCTŠPGMQFMPKšLGMQ B?RCKNCP?RSP?AMPNMP?J B?DPC​OS‘LAG?A?PB”?​A?
    C PCQNGP?R™PG? ?SKCLR? JGECGP?KCLRC ? R?V? KCR?@™JGA? $K AMLQC​OS‘LAG? BGQQM  M B@GRM BC MVGE‘LGM LŽM PCNPCQCLR? ?
    KCQK? OS?LRGB?BC BC MVGE‘LGM BM B¤AGR BC MVGE‘LGM  MS ? OS?LRGB?BC BC MVGE‘LGM OSC PCNPCQCLR? ? CLCPEG? ?L?CP™@G?
    YCKNPCQR?B?^SQ?B?N?P?PC?​JG​X?PMCVCPA”AGM/MPR?LRM MRCPKM3?>CE=?5H35CC9F?45?H97m>9?1@sC?5H5B3o39? MS
    &% DMGNPMNMQRMN?P?KCJFMPBCQAPCTCPMMVGE‘LGMCKT?JMPCQ?AGK?B?OSCJCBMPCNMSQM?N™QSK?QPGCBCCVCPA”AGMQ
    86DA0  %2>=BD<>4G24BB8E>34>G86u=8>0?{B4G4A2w28>t20DB03>?>A38E4AB>B50C>A4BFAOHM>?MM?M
    @;NIL?M L?MOFN;G >CL?N;G?HN? H; L?=OJ?​L;‹ŠI >I ?R?L==CI
     ?HKO;HNI IONLIM MŠI =IHM?​KOH=C; >; ;FN; N;R;
    G?N;<•FC=;>OL;HN?I?R?L==CI
    KO?=IH​NC​HO;;?R?L=?LCH​WOHZC;H;L?=OJ?i ;‹ŠI

    GLRCLQGB?BCBMCVCPA”AGMCVCPACGKN?ARMK?GMPOSCQS?BSP?ŽMQM@PCM$/."  (QQMNMPOSC CKGLRCLQGB?BCQ


    K?GQCJCT?B?QBMCVCPA”AGM FŠBCNCLB‘LAG?K?GMPBMQNPMACQQMQKCR?@™JGAMQ?L?CP™@GMQ MA?QGML?LBMBCNJCŽMK?GQ?ACL​
    RS?B?BC/"CAMLACLRP?CQK?GQCJCT?B?QBCŠAGBMJŠARGAM JKBGQQM CVCPA”AGMQBCGLRCLQGB?BCK?GQ?JR?PCQSJR?KCK
    ?SKCLRM K?GQ ?ACL​RS?BM B? RCKNCP?RSP? AMPNMP?J C PCQNMQR? FMPKML?J ?N™Q M CVCPA”AGM "MK RMBMQ CQQCQ D?RMPCQ
    ?SKCLR?LBMM$/." NMQQ”TCJRCMPGX?POSCPC?​JG​X?P?RGTGB?BCBSP?LRC?PCASNC​P?ŽMNMBC?DCR?PMQNPMACQQMQBCPCASNC​
    P?ŽM MOSCQCPŠBGQASRGBML?NP™VGK?QCŽM

    $2I:>:K2wv@52C64FA6​C2wv@
    K?VGKGX?ŽMBMQNPMACQQMQBCPCASNC​P?ŽM?N™QSK?QPGCBCCVCPA”AGMQ?L?CP™@GMQGKNMPR?LRC CKCQNCAG?JOS?LBM
    QPGCQ BC CVCPA”AGMQ PCNCRGBMQ QŽM PC?​JG​X?B?Q  AMKM BSP?LRC RPCGL?KCLRM GLRCPT?J?BM MS AMPPGB? BC :7905;: PCNCRGBMQ CK
    OS?JOSCP HMEM AMK @MJ?  B53E@5​B1kj? 1D9F1  OSC AMLQGQRC CK CVCPA”AGM ?CP™@GM JCTC ? KMBCP?BM  BGKGLSG ?Q
    AMLACLRP?CQ BC ŠAGBM JŠARGAM BM Q?LESC AMK KSGRM K?GQ P?NGBCX BM OSC ? B53E@5​B1kj? @1CC9F1  L? OS?J LCLFSK?
    ?RGTGB?BCD”QGA?PC?​JG​X?B?%GESP?  APCBGR? QCOSC?BGKGLSGŽMK?GQPŠNGB?B?AMLACLRP?ŽMBCŠAGBMJŠARGAMAMK?
    PCASNC​P?ŽM ?RGT? QCH? BCAMPPCLRC BM KCR?@MJGQKM ?CP™@GM BM ŠAGBM JŠARGAM L? NPMBSŽM BC 3/ M@HCRGT?LBM ?RCLBCP ?
    CLCPEG?LCACQQŠPG?N?P??NPŠRGA?B??RGTGB?BCJCTC?KMBCP?B?.CVCPA”AGM?CP™@GMBCPCASNC​P?ŽMJCTC?KMBCP?BM​GBC?J
    N?P?AGAJGQKMCAMPPGB?BCTCQCPPC?​JG​X?BMCLRPCCCCBMAMLQSKMKŠVGKMBCMVGE‘LGM PCQNCARGT?KCLRC
     KCLMP GLRCLQGB?BC BM CVCPA”AGM N?P? AGAJGQKM PC¥CRC M CLTMJTGKCLRM h SQASJ?P K?GQ JMA?JGX?BM BSP?LRC CQQC KMBM BC
    CVCPA”AGM MOS?JPCBSX?GLRCLQGB?BCCKOSCMJGKG?PBCJ?AR?RMMAMPPC-ŽMGKNMPR?MRGNMBCCVCPA”AGMPC?​JG​X?BMBSP?LRC
    ? PCASNC​P?ŽM  M GKNMPR?LRC  OSC ? GLRCLQGB?BC BM CVCPA”AGM CQRCH? ?@?GVM BM JGKG?P BM J?AR?RM A?QM AMLRPŠPGM  ?
    AMLACLRP?ŽMQ?LES”​LC?BCŠAGBMJŠARGAMNMBC BCD?RM QS@GP

    86DA0  A4<>sr>3>;02C0C>B0=6Dw​=4>02>=C4244<E4;>283034<08BAo?8302><0A42D?4​A0sr>0C8E0
    !?GIHMNL;‹ŠI >;M =IH=?HNL;‹™?M >? F;=N;NI M;HAO​H?I HIM CH​>C​P​>OIM KO? NL?CH;G  
     =IG L?=OJ?​L;‹ŠI
    ;NCP;?J;MMCP;;J•MOG;MŒLC?>?NL;<;FBI;H;?L•<CI>?=C=FCMGI !;>IM>?#;CL=BCF>1'
    LGMNLIHA
    /;I
    )CO
    %
     );QL?H=? 0
     #IOLHC?L -  $FS=IA?H MSHNB?MCM ;H> GOM=F? V<?LM >OLCHA ;=NCP? L?=IP?LS @LIG CHN?HM? ?R?L=CM?
    *?>0=C0JILNM"R?L=   

    .ŠAGBMJŠARGAMR?K@KNMBCQCPSQ?BMNCJMD”E?BMCNCJMRCAGBM​KSQASJ?PN?P?QGLRCRGX?PEJGAME‘LGM/MPTMJR?BCC
     KGL ?N™Q M CVCPA”AGM ?L?CP™@GM GLRCLQM BC AGAJGQKM  ? PCASNC​P?ŽM N?QQGT? QCK GLECQRŽM BC A?P@MGBP?RM NPMKMTC
    CJCT?ŽM KSGRM K?GQ ?ACL​RS?B? BM EJGAME‘LGM ​KSQASJ?P BM OSC ? PCASNC​P?ŽM ?RGT? $QQC ?AF?BM BCKMLQRP? OSC ?
    PCASNC​P?ŽMN?QQGT?PCQSJR?CKQ”LRCQCBCEJGAME‘LGMK?GQGLRCLQ?BMOSC?PCASNC​P?ŽM?RGT? NMGQMŠAGBMJŠARGAMLŽM
    KCR?@MJGX?BMN?P?NPMBSXGP 3/OS?LBMMQ​KžQASJMQCQRŽMGL?RGTMQ?N™QMCVCPA”AGM ?RGTGB?BCBSP?LRC?PCASNC​P?ŽM
    R?K@KK?LRK?AGPASJ?ŽMN?P?MAMP?ŽM MD”E?BMCMQ​KžQASJMQGL?RGTMQ MQOS?GQQŽMA?N?XCQBCKCR?@MJGX?PCSRGJGX?P
    MŠAGBMJŠARGAML?Q”LRCQCBCEJGAME‘LGM ?SKCLR?LBM BCQQCKMBM ?NMQQG@GJGB?BCBCCQQCQNPMACQQMQMAMPPCPCKBSP?LRC
    MNCP”M​BMBCPCASNC​P?ŽM

    ! 

    %@I:8y?:@4@?DF>:5@24:>25@DG2=@C6D56C6A@FD@5FC2?E65x3:E@56@I:8y?:@@FA6C{@​5@564@?DF>@56@I:8y?:@6I46DD:G@2AD
    22E:G:52567{D:42xFD25@?@DAC@46DD@D56C64FA6​C2wv@:?4=FD:G6?2C6DE2FC2wv@52&:?EC2​>FD4F=2C6?@>6E23@=:D>@26C3:@5@
    s4:5@=s4E:4@
    C64FA6​C2wv@2E:G25FC2?E62BF2=2E:G:52567{D:42=6G62>@56C252xC62​=:​J252AC@>@G62C65Fwv@>2:DCsA:5256=24E2E@D2?8F{​
    ?6@5@BF62C64FA6​C2wv@A2DD:G2
     42A24:5256 26C3:2 2F>6?E252 6DEs 2DD@4:252 2 5:>:?F:w‚6D >2:D CsA:52D 5@ s4:5@ =s4E:4@ D2?8F{​?6@ 2AD 2=8F?D >2D ?v@
    E@5@DE:A@D562E:G:5256D

    2CSKHCGRMBCPCBSXGP?QAMLACLRP?CQQ?LES”​LC?QBCŠAGBMJŠARGAMKCR?@MJGXŠ JM?CPM@G?KCLRC NMBCKMQQSNMPOSC


    MQ GL​BG​T”​BSMQ CK KCJFMP AMLBGŽM ?CP™@G? MS OSC ?NPCQCLR?K AMLQSKM BC MVGE‘LGM KŠVGKM K?GQ ?JRM QŽM A?N?XCQ BC
    BGKGLSGP?QAMLACLRP?CQBCŠAGBMJŠARGAMQ?LES”​LCMAMKK?GQ?EGJGB?BCBMOSCMQGL​BG​T”​BSMQAMKAMLQSKMBCMVGE‘LGM
    KŠVGKMK?GQ@?GVM N™Q?NPŠRGA?BMAGAJGQKM LMCLR?LRM GL​BG​T”​BSMQRPCGL?BMQCLŽMRPCGL?BMQLŽMPCTCJ?P?KBGDCPCL?Q
    L?QPCBSCQB?AMLACLRP?ŽMBCŠAGBMJŠARGAMBMQ?LESC-MCLR?LRM GQQMSK?AMPPCJ?ŽMNMQGRGT?CLRPC?QBGKGLSGCQ
    L?AMLACLRP?ŽMBCŠAGBMJŠARGAMBMQ?LESC?N™QRPCGL?KCLRMAMKNCQMCAMLQSKMKŠVGKMBCMVGE‘LGM GLBGA?LBMOSCMQ
    GL​BG​T”​BSMQAMKAMLQSKMBCMVGE‘LGMKŠVGKMK?GQ?JRMBCKMLQRP?KPCBSCQK?GQ?ACL​RS?B?QL?AMLACLRP?ŽMBCŠAGBM
    JŠARGAMQ?LES”​LCM$QQ?AMPPCJ?ŽMGKNMPR?LRCDMGBCKMLQRP?B??NCL?Q?N™QMRPCGL?KCLRMAMKNCQM LMOS?JPCNCRGCQ
    DMP?K AMKNJCR?B?Q SQ?LBM   C  PCNCRGCQ SQ?LBM  BC  PCNCRGŽM KŠVGK?  K?Q LŽM ?N™Q ? PC?​JG​X?ŽM BC 
    PCNCRGCQSQ?LBMBCPCNCRGŽMKŠVGK? AMLACLRP?ŽMBCŠAGBMJŠARGAMQ?LES”​LCMPCTCJMS QCQGELG¤A?RGT?KCLRC
    KCLMP ?N™Q  BC  PCNCRGŽM KŠVGK? CK AMKN?P?ŽM AMK MQ MSRPMQ NPMRMAMJMQ BC RPCGL?KCLRM AMK NCQM QQGK  ?
    D?JR?BCAMPPCJ?ŽMAMLQGBCPŠTCJAMKMNPMRMAMJMBCBCPCNCRGŽMKŠVGK?CLRPCMAMLQSKMBCMVGE‘LGMKŠVGKMC?
    AMLACLRP?ŽM BC ŠAGBM JŠARGAM Q?LES”​LCM NMBC QCP BCAMPPCLRC B? KCLMP BGQNMLG@GJGB?BC BC ŠAGBM JŠARGAM N?P? M
    KCR?@MJGQKM?CP™@GMBSP?LRC?PCASNC​P?ŽM QGLDMPK?CQKCLAGML?B?QKMQRP?KOSC?AMLBGŽM?CP™@G?MSMAMLQSKM
    KŠVGKMBCMVGE‘LGMNMBC?HSB?PL?PCKMŽMK?GQPŠNGB?BCŠAGBMJŠARGAMBMQ?LESCBSP?LRC?PCASNC​P?ŽMAMK?JESLQ
    K?QLŽMRMBMQ MQRGNMQBC?RGTGB?BC

    #4=BDA0sr>30?A>3Dsr>344=4A680

     K?LCGP? K?GQ NPCAGQ? BC OS?LRG¤A?P OS?JOSCP T?mGŠqCJ  GLAJSQGTC M SQM BC CLCPEG? C ? R?V? KCR?@™JGA?  BSP?LRC SK?
    ?RGTGB?BCD?X‘ J?BGPCR?KCLRC-MA?QMB?R?V?KCR?@™JGA? GQQMNMQQ”TCJNMPKCGMBCSKKRMBMAF?K?BM*(36904,;90(
    +09,;( -M CLR?LRM  CQQ? RALGA?  AMKNJGA?B? C PCOSCP COSGN?KCLRMQ A?PMQ "MLQCOSCLRCKCLRC  SK KRMBM KCLMQ
    ASQRMQMCKCLMQBCKMP?BM AF?K?BM*(36904,;90(05+09,;( SQ?BMAMKK?GQDPC​OS‘LAG?N?P?BCRCPKGL?P?R?V?KCR?@™JGA?
    /?P?CLRCLBCPNMPAMKNJCRM?A?JMPGKCRPG?GLBGPCR? LCACQQŠPGMAMLFCACP?A?JMPGKCRPG?BGPCR?

    2=@C:>6EC:25:C6E2
    3MBMQ MQ NPMACQQMQ KCR?@™JGAMQ  ?CP™@GM MS ?L?CP™@GM  PCQSJR?K CK NPMBSŽM BC A?JMP C CLCPEG? N?P? ? PC?​JG​X?ŽM B?Q
    ?RGTGB?BCQ ACJSJ?PCQ -MQ ?LGK?GQ  GLAJSQGTC LMQ QCPCQ FSK?LMQ  ? R?V? KCR?@™JGA?  BGPCR?KCLRC NPMNMPAGML?J ?M A?JMP
    NPMBSXGBM/MPR?LRM QC?NPMBSŽMBCA?JMPDMPKCBGB?AMKCV?RGBŽM NMQQ”TCJ R?K@K KCLQSP?P?R?V?KCR?@™JGA?BC
    K?LCGP? BGPCR? . NPMACBGKCLRM BC KCLQSP?ŽM B? NPMBSŽM BC A?JMP N?P? BCRCPKGL?P ? R?V? KCR?@™JGA?  AF?K?BM BC
    31<?B9=5DB9149B5D1
     SLGB?BC K?GQ AMKSK SQ?B? N?P? KCBGP ? R?V? KCR?@™JGA?  ? AE9<?31<?B91 ;31<  ? OS?J R?K@K   KSGR?Q TCXCQ
    ?NPCQCLR?B?AMKM1<?B91M@QCPTC?A?GV??JR?" 4K?OSGJMA?JMPG? AMKMMNP™NPGMLMKCBGXOSGJM AMLRK
    L? TCPB?BC   A?JMPG?Q  OSGJMA?JMPG?    HMSJCQ  4K? A?JMPG?  BC¤LGB? AMKM M A?JMP LCACQQŠPGM N?P? CJCT?P ?
    RCKNCP?RSP?BCEBCŠES?CKj"4K?A?JMPG?SK?OS?LRGB?BCKSGRMNCOSCL?BCA?JMPNMPR?LRM OSGJMA?JMPG?QQŽM
    RGNGA?KCLRCSQ?B?QOS?LBMQCKCBC?R?V?KCR?@™JGA?
    #?B?Q?QBC¤LGCQBCYA?JMPG?^CYOSGJMA?JMPG?^ ¤A?DŠAGJA?JASJ?P?OS?LRGB?BCBCA?JMPG?QMSOSGJMA?JMPG?QNPMBSXGB?
    OS?LBMAMLFCACKMQM?SKCLRMBCRCKNCP?RSP?BCBCRCPKGL?B?OS?LRGB?BCBCŠES?/MPCVCKNJM QC?RCKNCP?RSP?BC 
    l  E  BC ŠES? CJCT? j"  QŽM LCACQQŠPG?Q  A?JMPG?Q  E n j"  MS  IA?J BC A?JMP $QQC  M AŠJASJM @ŠQGAM
    SQ?BMN?P?BCRCPKGL?P?NPMBSŽMBCA?JMPMS?R?V?KCR?@™JGA?NMPA?JMPGKCRPG?BGPCR?
    .A?JMP”KCRPMSK?A‹K?P?BC?PFCPKRGA?ACPA?B?NMPSKAMKN?PRGKCLRMBCŠES?%GESP? .A?JMPNPMBSXGBM
    NCJ?R?V?KCR?@™JGA?B?NCQQM?LMA?JMP”KCRPMCJCT??RCKNCP?RSP?LMAMKN?PRGKCLRMBCŠES?2?@CLBMMTMJSKCBCŠES?
    LCQQCAMKN?PRGKCLRMC?CJCT?ŽMB?RCKNCP?RSP?B?ŠES? ¤A?DŠAGJA?JASJ?P?OS?LRGB?BCBCOSGJMA?JMPG?QNPMBSXGB?Q?M
    JMLEMBCSKNCP”M​BM

    86DA0  p<0A03420;>A8<4CA80<434>20;>A?A>3DH83>,=;FILJLI>OTC>IJ?F;J?MMI;H;=‡G;L;JI>?M?L
    =;F=OF;>IG?>CH>II;OG?HNI>;N?GJ?L;NOL;>I=IGJ;LNCG?HNI>?†AO; 0;<?L;KO;HNC>;>?>?=;FILJLI>OTC>I
    JIMMC<CFCN;I=†F=OFI>CL?NI>;N;R;G?N;<•FC=; ,WORI>?;LJ?F;=‡G;L;;=IHN?=?J;L;KO?;NLI=;>?IRCAHCI?
    >C•​RC>I>?=;L<IHIJIMM;I=ILL?L?IM=†F=OFIMJIMM;GM?L=ILLCAC>IMJ;L;IL?M@LC;G?HNI?P;JIL;NCPI>IMOIL

    A?JMPGKCRPG?BGPCR? CK@MP?KSGRMNPCAGQ?N?P?BCRCPKGL?P?R?V?KCR?@™JGA? PCOSCPSKA?JMP”KCRPM SKCOSGN?KCLRM


    A?PM /MP GQQM  ? K?GMPG? BMQ J?@MP?R™PGMQ CQRGK? ?Q OSGJMA?JMPG?Q E?QR?Q CK PCNMSQM MS BSP?LRC ? ?RGTGB?BC  MS ? R?V?
    KCR?@™JGA? SQ?LBMSKNPMACBGKCLRMAF?K?BMBC*(36904,;90(05+09,;(

    2=@C:>6EC:2:?5:C6E2
    . KCR?@MJGQKM ?CP™@GM BM A?P@MGBP?RM C BMQ ŠAGBMQ EP?VMQ PCOSCP MVGE‘LGM C NPMBSX ". C ŠES?  OS?LRGB?BC BC
    MVGE‘LGMAMLQSKGBMC".NPMBSXGBMBSP?LRCMKCR?@MJGQKM?CP™@GM CKECP?J COSGT?JCLRCQOS?LRGB?BCQRPMA?B?QLMQ
    NSJKCQ #CQQC KMBM  KCBGLBM ?Q OS?LRGB?BCQ BC MVGE‘LGM C ". RPMA?BMQ LMQ NSJKCQ   NMQQ”TCJ BCRCPKGL?P ?Q
    OS?LRGB?BCQ SQ?B?Q C NPMBSXGB?Q PCQNCARGT?KCLRC LM KCR?@MJGQKM ?CP™@GM %GESP?   "MK @?QC L? R?V? BC MVGE‘LGM
    SQ?BM C ". NPMBSXGBM  ? OS?J  BGDCPCLRC N?P? A?P@MGBP?RMQ C JGN”BGMQ   NMQQ”TCJ BCRCPKGL?P ? NMPACLR?ECK BC
    A?P@MGBP?RMCŠAGBMEP?VMKCR?@MJGX?BM @CKAMKM?OS?LRGB?BCBCCLCPEG?NPMBSXGB?.KRMBMOSCSRGJGX??OS?LRGB?BC
    BC MVGE‘LGM SQ?B?  M ". NPMBSXGBM C QS? P?XŽM N?P? A?JASJ?P ? NPMBSŽM BC CLCPEG? MS R?V? KCR?@™JGA?  AF?K?BM BC
    31<?B9=5DB919>49B5D1
    86DA0   +< 0=0;8B03>A <4C01{;82> 34C4A<8=0 C>30B 0B E0​A8o​E48B =424BBoA80B ?0A0 20;2D;0A 0 C0G0
    <4C01{;820 34 <0=48A0 8=38A4C0 M P;​LC†​P?CM H?=?MM†LC;M J;L; =;F=OF;L ; N;R; G?N;<•FC=; CH=FO?G I IRCAHCI
    =IHMOGC>I
    I>C•​RC>I>?=;L<IHIJLI>OTC>I?IPIFOG?>I;LP?HNCF;>I  ILN?MC;>?L;>F?S +CH>F
    -B!
    *CFCN;LS
    -?L@ILG;H=?!CPCMCIH
    20LGS/?M?;L=B&HMNCNON?I@"HPCLIHG?HN;F*?>C=CH?
    +;NC=E
    *;MM;=BOM?NNM 

    1057/1'(19,*a0,1
    . AMLQSKM BC MVGE‘LGM 5.  NMBC QCP CVNPCQQM CK JGRPMQ NMP KGLSRM BC MVGE‘LGM SQ?BM lãKGLZ  MS KGJGJGRPMQ NMP
    OSGJMEP?K? BC K?QQ? AMPNMP?J NMP KGLSRM KlãIEZãKGLZ   SLGB?BC lãKGLZ  K?GQ ?NPMNPG?B? OS?LBM QC ?T?JG? M
    AMLBGAGML?KCLRM?CP™@GMMSMBCQCKNCLFM?RJRGAMCKQGRS?CQCKOSCMNCQMAMPNMP?JNP™NPGMLŽMA?PPCE?BM AMKM
    PCK?P MS NCB?J?P CK SK? QSNCPD”AGC NJ?L? JRCPL?RGT?KCLRC  KlãIEZãKGLZ  K?GQ ?BCOS?BM N?P? OS?LBM  NPCAGQM
    A?PPCE?PMNP™NPGMNCQMAMPNMP?J AMKML?AMPPGB?MSLMAGAJGQKMCKJ?BCGP?-MCLR?LRM AMKMTCPCKMQ?QCESGP M5.
    ?NCL?QSK?N?PRCBMAŠJASJMSQ?BMN?P?BCRCPKGL?PME?QRMBCCLCPEG??MCKNPCE?P?A?JMPGKCRPG?GLBGPCR?

    $:^1'(641&$4(52,4$6e4,$
    B1Jj?45DB?31B5C@9B1DsB91131 PCDCPC QCP?XŽMBCMVGE‘LGMSQ?BMC".NPMBSXGBMBSP?LRCMKCR?@MJGQKM.
    E?QRM BC CLCPEG? C ?Q NMPACLR?ECLQ ?NPMVGK?B?Q BC JGN”BGM C A?P@MGBP?RMQ SQ?BMQ LM KCR?@MJGQKM ?CP™@GM NMBCK QCP
    A?JASJ?BMQNCJ?131(QQMNMQQ”TCJNMPOSC?OS?LRGB?BCBCMVGE‘LGMLCACQQŠPG?N?P?KCR?@MJGX?PA?P@MGBP?RMCJGN”BGMC?
    OS?LRGB?BC BC ". NPMBSXGB? QŽM BGDCPCLRCQ C CQRŽM CK SK? NPMNMPŽM CQNCA”¤A?  BCNCLBCLBM BM QS@QRP?RM
    KCR?@MJGX?BM COS?ŽM?QCESGPBCKMLQRP??OS?LRGB?BCBCMVGE‘LGMLCACQQŠPG?CM".NPMBSXGBMNCJMKCR?@MJGQKMBC
    KMJASJ?BCEJGAMQC"'. 
    . "'.→". '.  3/
    .@QCPT? QC OSC  . QŽM LCACQQŠPGMQ C  ". QŽM NPMBSXGBMQ LM KCR?@MJGQKM RMR?JKCLRC ?CP™@GM BC  KMJASJ? BC
    EJGAMQC QQGK ?P?XŽM".. BC".NPMBSXGBMC.LCACQQŠPGMN?P?KCR?@MJGX?PBCK?LCGP??CP™@G?KMJASJ?
    BC EJGAMQC    $QQ? P?XŽM QCPŠ ? KCQK? QC DMP A?JASJ?B? B? K?LCGP? KCLAGML?B? MS QC CKNPCE?P M TMJSKC BC ".
    CVNCJGBM5\". CM5.A?NR?BMLMQNSJKCQSQ?BM MS5\".5.
    COS?ŽM?QCESGPKMQRP?MAŠJASJMB?131N?P?MRPGEJGACP”BGMR”NGAM"'. 
    . "'.→". '.  3/
    QQGK ?P?XŽM5\".5.QCPŠ?NPMVGK?B?KCLRCBC ".. OS?LBMMŠAGBMEP?VMKCR?@MJGX?BMNMPTG?
    ?CP™@G?0S?LBM?131BC  ACPA?BCBCA?P@MGBP?RMKCR?@MJGX?BM?CPM@G?KCLRC COS?LBM?P?XŽMBC 
    T?JMPNP™VGKM?BCRPGEJGACP”BGMKCR?@MJGX?BMBCK?LCGP??CP™@G?0S?LBM?131¤A?CLRPC C  MAMPPCM
    KCR?@MJGQKM KGQRM BC A?P@MGBP?RM C RPGEJGACP”BGM 3?@CJ?   $K TGPRSBC B? OS?LRGB?BC BC 3/ NPMBSXGB? QCP
    PCJ?RGT?KCLRC AMLQR?LRC LM KCR?@MJGQKM R?LRM BC A?P@MGBP?RM OS?LRM BC RPGEJGACP”BGM  R?K@K  NMQQ”TCJ ?NPMVGK?P ?
    OS?LRGB?BCBCOSGJMA?JMPG?QNPMBSXGB?QNMPJGRPMBCMVGE‘LGMCKBCRCPKGL?B?131-?131BC  ACPA?BCBC
    A?P@MGBP?RMCBCRPGEJGACP”BGMCQRŽMQCLBMKCR?@MJGX?BMQ C IA?Jãl.ZQŽMNPMBSXGB?Q$KPCNMSQM ?131¤A?
    CKRMPLMBC  JMEM K?GQMSKCLMQBCRPGEJGACP”BGMCBCA?P@MGBP?RMCQRŽMQCLBMKCR?@MJGX?BMQ CACPA?BC 
    BC IA?Jãl.Z QŽM ECP?BMQ /?P? M@RCP ? CQRGK?RGT? BM E?QRM BC CLCPEG? CK OSGJMA?JMPG?Q SQ?B?Q NMP KGLSRM  KSJRGNJGOSC
    5.CKJ.ãKGLZNCJ?QIA?JãJ.ZNPMBSXGB?QL?131CKN?P​RGASJ?P

    '-.18-  ?@59-@5B-?0->-Ed;01@>;/->1?<5>-@k>5-%'%0-<;>/1:@-31901/->.;50>-@;?1
    @>5385/1>h05;?91@-.;85E-0;?1=A58;/-8;>5-?<>;0AE50-?

    (*( 0A1>83A0C> *A86;824Aw38> :20;‚;% L

           
           
           
           
           
           
           

    SRGJGX?ŽMB?131LMAŠJASJMB?QOSGJMA?JMPG?QSQ?B?QNMPKGLSRMMSB?NMPACLR?ECKBCA?P@MGBP?RMCRPGEJGACP”BGM
    KCR?@MJGX?B?@?QR?LRCNPCAGQ?BSP?LRCRP?@?JFMCKCQR?BMBCCOSGJ”@PGMMSA?PE?BCRP?@?JFMCKOSC?EP?LBCK?GMPG?B?
    CLCPEG?LCACQQŠPG?NMBCQCPM@RGB?BCK?LCGP??CP™@G? 131 LMCLR?LRM LŽMPCQNMLQŠTCJNCJ?NPMBSŽMBCCLCPEG?
    ?L?CP™@G?  NMPR?LRM  QC SK? OS?LRGB?BC QS@QR?LAG?J BC CLCPEG? CQRŠ QCLBM M@RGB? BC DMLRCQ ?L?CP™@G?Q  ? CQRGK?RGT? B?
    CLCPEG?SQ?B?QCPŠGKNPCAGQ?
    $V?KGL?LBM ?Q GLDMPK?CQ KCLAGML?B?Q  NMBCKMQ NCLQ?P OSC M T?JMP KŠVGKM B? 131  BC   -M CLR?LRM  CK
    A?PE?QBCRP?@?JFMBCGLRCLQGB?BCK?GQCJCT?B? OS?LBMN?PRCB?CLCPEG?PCOSCPGB?CQRŠQCLBMM@RGB??CPM@G?KCLRC ?131
    NMBC ?JA?L?P T?JMPCQ RŽM ?JRMQ OS?LRM   NMP ASPRMQ NCP”M​BMQ (QQM  BCAMPPCLRC BM R?KNML?KCLRM BC @GA?P@ML?RM LM
    Q?LESC OSCPCQSJR?L?NPMBSŽMBC".'  '".→'".Z→". '. $QQC".NPMBSXGBMNCJMQGQRCK?BC
    R?KNML?KCLRMBC@GA?P@ML?RMNMBCQCPCVNGP?BMNCJMQNSJKCQ.".?BGAGML?JLŽMNPMTKBMKCR?@MJGQKM?CP™@GM
    K?QNPMBSXSKT?JMPBC131K?GMPOSC $LRPCR?LRM QC?131DMPK?GMPOSC  QSNC QCOSCBCA?P@MGBP?RM
    CQRŠQCLBMKCR?@MJGX?BMJCK@PC QC ?NCL?QA?P@MGBP?RMNMBCQCPKCR?@MJGX?BMNMPKCGM?CP™@GM  JKBGQQM ?SRGJGX?ŽM
    B?131LMAŠJASJMB?QOSGJMA?JMPG?QAMLQSKGB?QOS?LBMRCKT?JMPQSNCPGMP? MA?QGML??QS@CQRGK?ŽMB?CLCPEG?RMR?J
    SQ?B? NMGQ?CLCPEG??L?CP™@G?LŽMCQRŠGLAJS”​B?LMAŠJASJM 131R?K@KLŽMPCQNMLBCNCJMKCR?@MJGQKMB?NPMRC”​L?
    CK?GQNPCAGQ?KCLRCAF?K?B?BC!5b6796;,0*(-?K?GMPN?PRCB?QQGRS?CQ MKCR?@MJGQKMBCNPMRC”​L?K”LGKM
    GELMP?LBM  BCQQC KMBM  OSC M KCR?@MJGQKM B? NPMRC”​L? PCQSJR? CK OS?LRGB?BC PCJ?RGT?KCLRC NCOSCL? BC CPPM NCQ?P
    BCQQ?Q JGKGR?CQ  CK GLRCLQGB?BCQ BC CVCPA”AGM LM CQR?BM BC COSGJ”@PGM  ? 131 DMPLCAC CQRGK?RGT?Q NPCAGQ?Q B?
    NMPACLR?ECKBCA?P@MGBP?RMCRPGEJGACP”BGMKCR?@MJGX?B?CBMRMR?JBCCLCPEG?SQ?BM

    +2I256>6E23@=:D>@32D2=
     D1H1 45 =5D12?<9C=? 21C1< *# ?NPCQCLR? SK? BC¤LGŽM CQRPGR?  ? R?V? KCR?@™JGA? BCRCPKGL?B? L? NMQGŽM CK
    QSNGLM   ?  F ?N™Q SK? PCDCGŽM  GKCBG?R?KCLRC ?N™Q ?AMPB?P C CK ?K@GCLRC RCPKMLCSRPM  D1H1 =5D12s<931 45
    B5@?EC?*#( NMPMSRPMJ?BM RCKSK?BC¤LGŽMKCLMQP”EGB??R?V?KCR?@™JGA?ACPA?BCFBCNMGQBCSK?PCDCGŽM
    JCTCC?N™Q?KGLBCPCNMSQMQMQQCE?BM K?GMPG?B?QNCQQM?QN?QQ??K?GMPG?BMBG?CK3,! MSOS?QC JMEM CJ?
    PCQNMLQŠTCJNMPACPA?BC?B?OS?LRGB?BCRMR?JBCA?JMPG?QKCR?@MJGX?B?QBSP?LRCSKBG?3?LRM?3,!OS?LRM?
    3,1QŽM?DCR?B?QNMPBGTCPQMQD?RMPCQ GLAJSQGTC

    (B?BCAMLDMPKCCLTCJFCACKMQ ?3,!EP?BS?JKCLRCBGKGLSGBCTGBMPCBSŽMNPMEPCQQGT?B?K?QQ?K?EP?
    2CVM CK ECP?J  MQ FMKCLQ ?NPCQCLR?K 3,! SK NMSAM K?GQ ?JR? BM OSC ?Q KSJFCPCQ BC KCQK? K?QQ? AMPNMP?J
    BCTGBMOS?LRGB?BCK?GMPBCK?QQ?K?EP?
    3CKNCP?RSP?AMPNMP?J?RCKNCP?RSP?AMPNMP?JCJCT?B?PCQSJR?CK?SKCLRMB?3,!
    $QRPCQQCMCQRPCQQCCJCT??3,!BCTGBM?M?SKCLRMB??RGTGB?BCBMQGQRCK?LCPTMQMQGKNŠRGAM
    pPC? BC QSNCPD”AGC AMPNMP?J OS?LRM K?GMP ? ​ŠPC? BC QSNCPD”AGC AMPNMP?J BGQNML”TCJ N?P? ? NCPB? BC A?JMP  K?GMP ?
    3,!

    JKBGQQM M5.GLBGA?MRCKNMCKKGLSRMQ.E?QRMCLCPERGAMCKPCNMSQMCBSP?LRCMCVCPA”AGMNMBCQCPCQRGK?BM
    ?N?PRGPB?131CBMMVGE‘LGMSQ?BMLMKCR?@MJGQKM?CP™@GM?MJMLEMBCSKNCP”M​BM/MPCVCKNJM CKPCNMSQM SQ?KMQ
    ACPA? BC   KlãIEZãKGLZ "MLQGBCP?LBM ? K?QQ? AMPNMP?J BC  IE  SQ?P”?​KMQ LM KCR?@MJGQKM  Kl.ãKGLZ  
    Kl.ãKGLZnIE MS l.ãKGLZ(QQMPCQSJR?PG?CKKl.ãFZMSl.ãFZCl.ãBZ2CAMLQGBCP?PKMQ
    ?131KBG?CKPCNMSQMBC  GQQMNMBCPG?PCQSJR?PCKACPA?BC IA?Jãl.Z CQRGK?RGT?BME?QRMCLCPERGAMCK
    OSGJMA?JMPG?Q?MJMLEMBCBG? QSNMLBMLCLFSK??RGTGB?BCD”QGA?CVRPCK? NMBCQCPDCGR?KSJRGNJGA?LBM QCMQJGRPMQBC.
    SQ?BMQLMKCR?@MJGQKMC?QOSGJMA?JMPG?QM@RGB?QNMPJGRPMBC.#CQQ?K?LCGP? BSP?LRCBG? MGL​BG​T”​BSMRCPG?ME?QRM
    CLCPERGAMCKPCNMSQMBCl.ãBZn IA?Jãl.ZIMS IA?J$QQCQKCQKMQAŠJASJMQNMBCKQCPSQ?BMQN?P?
    CQRGK?PME?QRMBCCLCPEG??MJMLEMBCSKNCP”M​BM @CKAMKMBSP?LRC??RGTGB?BC-MCLR?LRM ?QQSNMQGCQCJGKGR?CQ
    B?131 AMLDMPKCHŠBGQASRGBM?LRCQ NPCAGQ?KQCPAMLQGBCP?B?QN?P?OSCQCNMQQ?M@RCP?CQRGK?RGT?K?GQNPCAGQ?NMQQ”TCJ
    +GRPMQNMPKGLSRMCKGJGJGRPMQNMPOSGJMEP?K?BCMVGE‘LGMSQ?BMQŽM?QSLGB?BCQK?GQSRGJGX?B?QN?P?CVNPCQQ?PMAMLQSKM
    BCMVGE‘LGMCLRPCR?LRM MAMLQSKMBCMVGE‘LGMR?K@KKMQRP?BMCKCOSGT?JCLRCQKCR?@™JGAMQ MSOS?LRMMVGE‘LGMCQRŠ
    QCLBMSQ?BMCKPCJ?ŽM?MAMLQSKMBCMVGE‘LGMCKPCNMSQM!MVC 

    ! 

    42=@C:>6EC:25:C6E2x2>65:5252E2I2>6E23=:42A6=256E6C>:?2v@52AC@5Fwv@5642=@CA@C>6:@56F>42=@C{>6EC@
    42=@C:>6EC:2:?5:C6E2x26DE:>2E:G252E2I2>6E23=:422A2CE:C5@4@?DF>@56@I:8y?:@652C2Jv@56EC@42C6DA:C2EC:2(*(
    (*(x2C2Jv@6?EC6@5:​I:5@5642C3@?@AC@5FJ:5@6@4@?DF>@56@I:8y?:@6:?5:422A@C46?E286>5642C3@:5C2E@>6E23@=:J25@
    (*( 

    :?5:42

    56>6E23@=:D>@5642C3@:5C2E@62A@C46?E286>56=:A{5:@>6E23@=:J25@(*(
    
    BF6C5:J6C

    56
    >6E23@=:D>@56=:A{5:@2=x>52BF2?E:52562AC@I:>25256BF:=@42=@C:2D@3E:52A@C=:EC@56@I:8y?:@4@?DF>:5@
     E2I2 56 >6E23@=:D>@ 32D2= 56A6?56 56 :5256 D6I@ E6>A6C2EFC2 4@CA@C2= ​sC62 56 DFA6C7{4:6 4@CA@C2= 6DEC6DD6 6 GsC:@D
    9@C>€?:@D

    =C4A0s~4B3><4C01>;8B<>04A{18>40=04A{18>

    Q DMLRCQ BC CLCPEG? ?L?CP™@G? DMPLCACK ? K?GMPG? BM 3/ LCACQQŠPGM N?P? PC?​JG​X?P ? ?RGTGB?BC D”QGA? KŠVGK? BC ?JR?
    GLRCLQGB?BCCASPR?BSP?ŽMCMKCR?@MJGQKM?CP™@GMNPMT‘EP?LBCN?PRCBM 3/LCACQQŠPGMN?P?NP?RGA?P??RGTGB?BCD”QGA?
    BC @?GV? GLRCLQGB?BC C JMLE? BSP?ŽM (QQM NMQQG@GJGR? CQRGK?P ? NMPACLR?ECK BC 3/ M@RGBM B?Q DMLRCQ ?CP™@G?Q C
    ?L?CP™@G?QN?P?PC?​JG​X?ŽMB??RGTGB?BCD”QGA?BCTŠPG?QBSP?CQ%GESP? @CKAMKMN?P??RGTGB?BCQCQNCA”¤A?Q AMKM
    JCT?LR?KCLRMBCNCQM KBCL?R?ŽM DSRC@MJCKSGRMQMSRPMQCTCLRMQ$QQ?QCQRGK?RGT?QR‘KQGBMSQ?B?QNMP?JESLQ
    RALGAMQN?P?A?JASJ?P?NMPACLR?ECKBMRCKNMBCRPCGL?KCLRMOSCBCTCQCPE?QRML?QTŠPG?Q?RGTGB?BCQL?NPCN?P?ŽMN?P?
    ?AMKNCRGŽMBCSKCTCLRMCKN?P​RGASJ?P-MCLR?LRM CJ?QBCTCKQCPTGQR?QAMKMBGPCRPGXCQ?PCQNCGRMB?BCNCLB‘LAG?BM
    KCR?@MJGQKM?CP™@GMC?L?CP™@GM NMGQCVGQRCT?PG?ŽMBCGL​BG​T”​BSMN?P?GL​BG​T”​BSM$QQ?T?PG?ŽMNMBCDSLB?KCLR?P QCL?
    DSLŽMCQNCA”¤A?CVCPAGB?LMCQNMPRCMSL?QBGDCPCL?QBCCQRP?REG?QMSRGNMQBCHMEMOSCA?P?ARCPGX?KKSGRMQCTCLRMQ
    /MPCVCKNJM ?NMPACLR?ECKBC 3/ECP?B?NMPTG??CP™@G?C?L?CP™@G?T?PG?BCK?LCGP?AMLQGBCPŠTCJCLRPCMHME?BMPBC
    DSRC@MJBCA?KNMCMEMJCGPMMSLM@?QOSCRCMDCLQGTMPŠNGBMCKPCJ?ŽM?MJCLRM JKBGQQM LSLA?LCLFSK?DMLRCBC
    CLCPEG?BC 3/BCQJGE?B?CRMB?Q?QDMLRCQQSNPCKN?PRCBM 3/?RMBMKMKCLRM"MLDMPKCQCPŠBGQASRGBML?QQCCQ
    QCESGLRCQ  KCQKM OSC M KCR?@MJGQKM ?CP™@GM MS ?L?CP™@GM DMPLC? ? K?GMPG? BM 3/ N?P? SK RGNM CK N?P​RGASJ?P BC
    ?RGTGB?BC CVGQRCSK?GLRCP?ŽMAMLQGBCPŠTCJCLRPCMKCR?@MJGQKM?CP™@GMCM?L?CP™@GMOSCNMBCLŽMCQR?PNPMLR?KCLRC
    ?N?PCLRCCKKSGR?Q?RGTGB?BCQ

    ?E6C2w‚6D>6E23=:42D?@D6G6?E@D2?26C3:@D
    RGTGB?BCQAMKMJCT?LR?KCLRMBCNCQM ?PPCKCQQMBCNCQM Q?JRMCK?JRSP?CKCPESJFM CKTGPRSBCB?BSP?ŽMKSGRMASPR?
    CB??JR?GLRCLQGB?BC BCNCLBCKBCK?LCGP?NPCBMKGL?LRCB?DMLRCBCCLCPEG?B?/"C 3/GLRP?​KSQASJ?P$TCLRMQOSC
    PCOSCPCK M BCQCLTMJTGKCLRM BC NMR‘LAG? KŠVGK? BSP?LBM ACPA? BC  QCESLBMQ  CLRPCR?LRM  AMKC?K ? MPGEGL?P
    NCPACLRS?JK?GQ?JRMBM 3/LCACQQŠPGM?N?PRGPBCMSRP?QDMLRCQKCR?@™JGA?Q"?JASJMS QCOSCSK:7905;BCQCESLBMQ
    ?GLB? OSC @?QR?LRC BCNCLBCLRC BC /" C 3/ GLRP?​KSQASJ?P  M@RK OS?LRGB?BC AMLQGBCPŠTCJ BC 3/ ? N?PRGP BC MSRP?Q
    DMLRCQ KCR?@™JGA?Q %GESP?   .@QCPTC OSC ? EJGA™JGQC PCQSJR?LBM CK ŠAGBM JŠARGAM DMPLCAC ACPA? BC  BM 3/
    LCACQQŠPGM C ? ECP?ŽM ?CP™@G? BC 3/ NPMT‘ ?NCL?Q SK? NCOSCL? NMPACLR?ECK B? CLCPEG? CQQCLAG?J N?P? M :7905; BC 
    QCESLBMQ "MLDMPKC ? BSP?ŽM BM :7905; APCQAC  NCPACLRS?J A?B? TCX K?GQ CJCT?BM BM 3/ LCACQQŠPGM BCPGT? BC DMLRCQ
    BGDCPCLRCQBC 3/C/"GLRP?​KSQASJ?P-M:7905;BCAGAJGQKMBCQCESLBMQ CQRGKMS QCOSCACPA?BCCBM 3/
    LCACQQŠPGMBCPGT?KB?EJGA™JGQC NPMKMTCLBM?NPMBSŽMBCŠAGBMJŠARGAM CB?/"GLRP?​KSQASJ?P PCQNCARGT?KCLRC2CM
    :7905; BC AGAJGQKM DMP BC  QCESLBMQ  T?JMPCQ NP™VGKMQ ?    C  BM 3/ LCACQQŠPGM QŽM DMPLCAGBMQ NCJM
    KCR?@MJGQKM ?CP™@GM  NCJ? EJGA™JGQC OSC NPMBSX ŠAGBM JŠARGAM C NCJM 3/ /" GLRP?​KSQASJ?P  PCQNCARGT?KCLRC ,CQKM
    OSC MQ :7905;: ASPRMQ QCH?K AMLQGBCP?BMQ CTCLRMQ ?L?CP™@GMQ  M@QCPT? QC OSC  KCBGB? OSC ? BSP?ŽM BM :7905; ?SKCLR?
    PCQSJR?LBM CK BGKGLSGŽM BM BCQCLTMJTGKCLRM B? NMR‘LAG? KŠVGK?  SK? EP?LBC N?PRC BM 3/ LCACQQŠPGM  NPMBSXGB?
    NCJM KCR?@MJGQKM ?CP™@GM /MPR?LRM  CVGQRC SK? EP?LBC GLRCP?ŽM CLRPC MQ NPMACQQMQ KCR?@™JGAMQ OSC DMPLCACK M 3/
    LCACQQŠPGM KCQKMLMQ:7905;:BCASPR?BSP?ŽMC?JR?GLRCLQGB?BC

    ,4& 
    =)6,7-;<7=67-9=18)5-6<7-4h8<1+76))+),-51))<-4)
    +758=<),7:1B),)5-,1B9=--;<7=-5 "9=-e"-79=-
    9=-:,1B-:
    ,$3MCOSGT?JCLRCKCR?@™JGAMB?R?V?KCR?@™JGA?BCPCNMSQM3,1 BCSKGL​BG​T”​BSM SQ?BMN?P?CVNPCQQ?PM
    ASQRMBCCLCPEG?BCSK??RGTGB?BC4K,$3COSGT?JCLRC3,1C?OS?LRGB?BCBC,$3SKLžKCPMKžJRGNJM
    B?3,1)ŠOSC?3,1BGDCPCBCGL​BG​T”​BSMN?P?GL​BG​T”​BSMBC?AMPBMAMKD?RMPCQAMKMGB?BC NCQMCAMKNMQGŽM
    AMPNMP?J ,$3R?K@KBGDCPC$KECP?J ,$3COSGT?JC??KlBCMVGE‘LGM BCNCLBCLBMBMGL​BG​T”​BSM
    MSACPA?BC KlãIEZãKGLZBCMVGE‘LGMNMPKGLSRM QQGK QCTMA‘CQRŠQCCVCPAGR?LBML?GLRCLQGB?BCBC,$3
    OSCP BGXCP OSC CQRŠ RP?@?JF?LBM L? GLRCLQGB?BC COSGT?JCLRC ?  TCXCQ ? QS? R?V? KCR?@™JGA? BC PCNMSQM .Q ,$3
    R?K@KQŽMSQ?BMQN?P?AJ?QQG¤A?P?GLRCLQGB?BCBMCVCPA”AGM4KCVCPA”AGMOSCOSCGK??,$3AMLQGBCP?BM
    BCGLRCLQGB?BCKMBCP?B? C?OSCJCOSCOSCGK?K?GQBC,$3BGRMBCGLRCLQGB?BCTGEMPMQ?/MPR?LRM CK,$3
    TMA‘CQRŠQCCVCPAGR?LBMCKGLRCLQGB?BCTGEMPMQ?

    86DA0  B2>=CA81D8s~4B304=4A6800=04A{180404A{180E0A80<2><03DA0sr>300C8E83034.O;HNIG;CM
    FIHA;;>OL;‹ŠI>;;NCPC>;>?
    G;CIL;=IHNLC<OC‹ŠI>;?H?LAC;>IG?N;<IFCMGI;?L•<CI 2GJLCH=JCI>?MM?MNCJIM>?
    ?MNCG;NCP;MŒKO?;;NCPC>;>?ŒL?;​FC​T;>;JL•RCGI‰CHN?HMC>;>?G†RCG;J?F;>OL;‹ŠI>;;NCPC>;>? &MMIKO?L>CT?L
    KO?;?MNCG;NCP;>;M=IHNLC<OC‹™?M>;?H?LAC;;?L•<C;?;H;?L•<C;J;L;;=ILLC>;>?GCHMOJ™?KO?;=ILLC>;Œ
    L?;​FC​T;>;=IG;CHN?H‹ŠI>?=ILL?L;G;CIL?RN?HMŠIJIMMP?F?GGCH
    86DA0   BC8<0C8E0B 30B 5>=C4B 34 CA85>B50C> 34 034=>B8=0 *& 3DA0=C4 D<  34  B46D=3>B
    A4E4;0<8=C4A0sr>2>=B834AoE4;*?MGIKO?I>?M?AOH>IMM?D;OG?P?HNI;H;?L•<CI
    ;FAOHM>IM1-
    H?=?MM†LCIMMŠIJLI>OTC>IM>?G;H?CL;;?L•<C; !;>IM>?0J?H=?L*
    CMBIJ!
    !;QMIH -BSMCIFIAC=;F;H>
    G?N;<IFC= L?MJIHM?M I@ L?J?;N?> MJLCHN ;=NCPCNC?M MJ?=CV= NI V?F> <;M?> N?;G MJILNM  0JILNM *?>   
     

    7905;: BC ASPR? BSP?ŽM PCNCRGBMQ C GLRCPA?J?BMQ AMK NCP”M​BMQ @PCTCQ BC PCASNC​P?ŽM QŽM MAMPP‘LAG?Q AMKSLQ CK
    KSGRMQ CQNMPRCQ  AMKM DSRC@MJ C @?QOSCRC@MJ  @CK AMKM BSP?LRC M RPCGL?KCLRM GLRCPT?J?BM "MKM QC NMBC CQNCP?P  ?
    NMPACLR?ECKBM 3/LCACQQŠPGMT?PG?BCK?LCGP?K?PA?LRC BCNCLBCLBMB?BSP?ŽMBM:7905;CB?CVRCLQŽMBMNCP”M​BMBC
    PCASNC​P?ŽMCLRPCMQ:7905;:QSACQQGTMQ#SP?LRCQ7905;:BCAGAJGQKMBCQQCN?P?BMQNMPKGLBCPCASNC​P?ŽM MAMPPC
    ACPA?BCBCPCBSŽML?OS?LRGB?BCBC 3/NPMBSXGBMBCK?LCGP??L?CP™@G?BMMN?P?MM:7905; BGKGLSGŽMB?
    OS?LRGB?BC BC 3/ NPMBSXGBM BC K?LCGP? ?L?CP™@G?  AMKNCLQ?B?  CK N?PRC  NCJM ?SKCLRM BC  BM AMLQSKM BC
    MVGE‘LGMBSP?LRCMQCESLBM:7905; NPMKMTCLBM?NCL?QACPA?BCBCPCBSŽMB?NMR‘LAG?BSP?LRCMQCESLBM:7905;
    (QQMGLBGA?OSCOS?LRGB?BCK?GMPBM 3/LCACQQŠPGMDMGNPMBSXGB?NMPTG??CP™@G?BSP?LRCMM:7905;CKPCJ?ŽM?MM
    +MEM ?GLRCP?ŽMB?QDMLRCQKCR?@™JGA?QBC 3/KSB?BSP?LRC:7905;:QSACQQGTMQ
     BSP?ŽM BMQ :7905;: PCNCRGBMQ C M R?K?LFM BM NCP”M​BM BC PCASNC​P?ŽM CLRPC MQ :7905;: ?DCR? ? GLRCP?ŽM B?Q DMLRCQ
    KCR?@™JGA?QBC 3/ N™Q:7905;:PCNCRGBMQBC CK RMR?JGX?LBM?BGQR‹LAG?BCK GLRCPA?J?BMQAMKNCP”M​BMQ
    BCPCASNC​P?ŽMN?QQGT?BCQ M$/."DMGKSGRMK?GQ?JRM?N™QMQ:7905;:BCCKBMOSCBCNMGQBMQBCK-M
    CLR?LRM ?AMLACLRP?ŽMBCŠAGBMJŠARGAMQ?LES”​LCM?N™QMCVCPA”AGMPCTCJMS QCQGELG¤A?RGT?KCLRCGLDCPGMP?N™QMQ:7905;:
    BCKCKPCJ?ŽM?MQBCCK GLBGA?LBMOSC:7905;:PCNCRGBMQK?GQJMLEMQBCNCLBCKK?GQBMKCR?@MJGQKM?CP™@GM
    CB?EJGA™JGQC MOSCPCQSJR?CKNPMBSŽMBC?AGBMJŠARGAMN?P?M 3/LCACQQŠPGM
    BSP?ŽMBMNCP”M​BMBCPCASNC​P?ŽMCLRPCMQ:7905;:QSACQQGTMQR?K@KGL¥SCLAG??GLRCP?ŽMB?QDMLRCQKCR?@™JGA?QBC
    3/ "MKN?P?CQ BM BCQCKNCLFM BSP?LRC MQ :7905;: QSACQQGTMQ BC  C  K C ?Q AMLACLRP?CQ Q?LES”​LC?Q BC ŠAGBM
    JŠARGAMKMQRP?KOSCNCP”M​BMQBCPCASNC​P?ŽMBC CQNMQQG@GJGR?P?K?PCQQ”LRCQCQS¤AGCLRCBC 3/C/"GLRP?*
    KSQASJ?P BCKMBMOSCCQQ?QDMLRCQBCCLCPEG?NSBCP?KQCPSQ?B?QN?P?QSNPGPM 3/LCACQQŠPGMLMQ:7905;:QSACQQGTMQBC
    K$QQCQB?BMQR?K@KBCKMLQRP?P?KOSCCVGQRC?LCACQQGB?BCBMNCP”M​BMBCPCASNC​P?ŽMBCNCJMKCLMQQCLRPC
    MQ:7905;:BCKN?P?PC?@?QRCAGKCLRM?BCOS?BMBM 3/CB?/"GLRP?​KSQASJ?PN?P?K?LRCP?A?N?AGB?BCBC:7905;.Q
    NCP”M​BMQBCPCASNC​P?ŽMK?GQASPRMQLŽMNCPKGRGP?K?PCQQ”LRCQC?NPMNPG?B?BC 3/C/"GLRP?​KSQASJ?P JMEM AMKNCP”M​
    BMQBCPCASNC​P?ŽMK?GQASPRMQ K?GQBM 3/LCACQQŠPGMDMGNPMBSXGBMNCJ?EJGA™JGQC PCQSJR?LBMCKŠAGBMJŠARGAM QQGK
    R?LRM?BSP?ŽMBMQGLRCPT?JMQBC:7905;OS?LRM?CVRCLQŽMBMQNCP”M​BMQBCPCASNC​P?ŽMOSCQCN?P?KMQ:7905;:PCNCRGBMQ
    ?DCR?K ? GLRCP?ŽM BMQ NPMACQQMQ KCR?@™JGAMQ $K ECP?J  AMLDMPKC ? BSP?ŽM BMQ :7905;: PCNCRGBMQ ?SKCLR?  K?GMP
    BCNCLB‘LAG?BMKCR?@MJGQKM?CP™@GMCB?EJGA™JGQCQCBCQCLTMJTC PCQSJR?LBMCKNPMBSŽMK?GQGLRCLQ?BCŠAGBMJŠARGAMC
    D?BGE? JKBGQQM KCBGB?OSC?BSP?ŽMBMQNCP”M​BMQBCPCASNC​P?ŽMCLRPCMQ:7905;:PCNCRGBMQBGKGLSG K?GMPQCRMPL?
    ? BCNCLB‘LAG? B? EJGA™JGQC  PCQSJR?LBM CK NPMBSŽM BC ŠAGBM JŠARGAM N?P? QSNPGP M 3/ LCACQQŠPGM .@QCPT? QC OSC M
    BCQCKNCLFM A?G LMQ :7905;: QSACQQGTMQ QC MQ NCP”M​BMQ BC PCASNC​P?ŽM LŽM RGTCPCK ? CVRCLQŽM QS¤AGCLRC OSC NCPKGR? ?
    PCQQ”LRCQCBM 3/CB?/"GLRP?​KSQASJ?PC?BGKGLSGŽMB??AGBMQCQ?LES”​LC?CGLRP?​KSQASJ?P

    ?E6C2w‚6D>6E23=:42D?@D6G6?E@D566?5FC2?46
    -?Q?RGTGB?BCQBC@?GV?GLRCLQGB?BCCBCJMLE?BSP?ŽM AMKML?K?P?RML?CLMAGAJGQKMBCCQRP?B? ?K?GMPG?BM 3/
    BCPGT? BM KCR?@MJGQKM ?CP™@GM $LRPCR?LRM  N?PRC B? CLCPEG? LCACQQŠPG?  NPMBSXGB? NMP DMLRCQ ?L?CP™@G?Q  MAMPPCLBM
    GLRCP?ŽMBMKCR?@MJGQKM?CP™@GMC?L?CP™@GM2CSKAGAJGQR?BCCQRP?B?QM@CSK?J?BCGP?CKSKPGRKMK?GQPŠNGBMBM
    OSC ?OSCJC OSC NMBC QCP K?LRGBM ?NCL?Q NCJM KCR?@MJGQKM ?CP™@GM  N?PRC BM 3/ LCACQQŠPGM QCPŠ NPMBSXGB? NCJM
    KCR?@MJGQKM ?L?CP™@GM 2C ? QS@GB? B? J?BCGP? DMP QCESGB? NCJ? BCQAGB? B? J?BCGP?  ? PCASNC​P?ŽM  GQRM   KCR?@MJGQKM
    ?CP™@GM BM ŠAGBM JŠARGAM C BGKGLSGŽM B? ?AGBMQC GLRP?​KSQASJ?P  NMBC MAMPPCP SK? TCX OSC ? NMPŽM B? AMPPGB? OSC
    AMLQGQRCL?BCQAGB?B?J?BCGP?LŽMPCOSCPSRGJGX?ŽMB?OS?LRGB?BCKŠVGK?BC 3/OSCNMBCQCPM@RGB?BMKCR?@MJGQKM
    ?CP™@GM $QQC RGNM BC GLRCP?ŽM CLRPC M KCR?@MJGQKM ?CP™@GM  M KCR?@MJGQKM ?L?CP™@GM C MQ NPMACQQMQ BC PCASNC​P?ŽM
    NMBC?AMLRCACPCKOS?JOSCP?RGTGB?BCBCJMLE?BSP?ŽMC@?GV?GLRCLQGB?BC
    JESK?Q ?RGTGB?BCQ OSC NMBCK N?PCACP RCP L?RSPCX? NPCBMKGL?LRCKCLRC ?L?CP™@G?  L? TCPB?BC  M@R‘K SK? NMPŽM
    QS@QR?LAG?J B? CLCPEG? LCACQQŠPG? BM KCR?@MJGQKM ?CP™@GM  AMLRPG@SGŽM PCJ?RGT? BM 3/ QGLRCRGX?BM NMP TG? ?CP™@G?
    BSP?LRC?QAMPPGB?QBC  CKPC?​JG​X?B?QNMP?RJCR?QRPCGL?BMQBC  C PCQNCARGT?KCLRC
    (QQM BCKMLQRP? OSC ? AMPPGB? BC  K RCK ? K?GMPG? B? CLCPEG? LCACQQŠPG? BCPGT?B? BM KCR?@MJGQKM ?CP™@GM C OSC M
    :7905;BCKR?K@KRCKSK?NMPŽMGKNMPR?LRCBM 3/LCACQQŠPGMMPGEGL?B?BMKCR?@MJGQKM?CP™@GM(QQMR?K@K
    GLBGA? OSC ? KSB?L? N?P? M 3/ NPMBSXGBM BC K?LCGP? NPCT?JCACLRC    NCJM KCR?@MJGQKM ?CP™@GM MAMPPC CK
    ?JESKKMKCLRMCLRPCCQLCQQCQCTCLRMQBCAMPPGB?%GESP? -MQCTCLRMQK?GQJMLEMQ BCCK ?N™Q
    ?RPMA?N?P??BCNCLB‘LAG?NPCBMKGL?LRCBMKCR?@MJGQKM?CP™@GM MAMPPCSK?SKCLRMEP?B?RGTMBCQQ?BCNCLB‘LAG??R
    OSC OS?QC RMB? ? CLCPEG? LCACQQŠPG? N?P? QSQRCLR?P ? ?RGTGB?BC ?M JMLEM BC RMB? ? BSP?ŽM B? AMPPGB?  DMPLCAGB? NCJM
    KCR?@MJGQKM?CP™@GM/MBC QCCQNCP?P AMLDMPKC?SKCLR??BSP?ŽMBCOS?JOSCP?RGTGB?BCCQNCA”¤A? KCLMQ 3/M@RGBM
    BMKCR?@MJGQKM?L?CP™@GM-MCLR?LRM N?PRCBM 3/?GLB?M@RGB?BMKCR?@MJGQKM?L?CP™@GMLMCTCLRMBCK
    86DA0  B?>A24=C064=B30B2>=CA81D8s~4B304=4A6800=04A{180404A{180?0A0>B4E4=C>B342>AA83034

    0 

    <E0A80<3DA0=C4>4E4=C>!OL;HN?NI>IM?MM?M?P?HNIM
    ?GJLCH=JCI
    ?RCMN?;>?J?H>H=C;G;CIL
    >;M @IHN?M ;H;?L•<C;M >? NLC@IM@;NI >? ;>?HIMCH; 1-  IG ; =IHNCHOC>;>? >I ?P?HNI
     ; >?J?H>H=C; G;CIL >I
    G?N;<IFCMGI;?L•<CIM?>?M?HPIFP?J;L;A?L;LI1-H?=?MM†LCI >?GGG 
    G  !;>IM >? 0J?H=?L */
     $;MNCH   "H?LAS MSMN?G =IHNLC<ONCIH >OLCHA  NI  G LOHHCHA CH BCABFS NL;CH?>
    ;NBF?N?M *?>0=C0JILNM"R?L=   

    $VGQRC SK? GLRCP?ŽM AMLQGBCPŠTCJ CLRPC KCR?@MJGQKM ?L?CP™@GM C ?CP™@GM KCQKM CK CTCLRMQ MS ?RGTGB?BCQ OSC QŽM
    AMLQGBCP?B?Q NPCBMKGL?LRCKCLRC BCNCLBCLRCQ BC SK? žLGA? TG? KCR?@™JGA? /MP CVCKNJM  LM :7905; KŠVGKM BC  Q
    ?NPMVGK?B?KCLRCBM 3/LCACQQŠPGMBCPGT?BMBMKCR?@MJGQKM?CP™@GMCLOS?LRML?AMPPGB?BCK ACPA?BC
     BM 3/ LCACQQŠPGM  NPMBSXGBM NCJM KCR?@MJGQKM ?L?CP™@GM #CQQC KMBM  KCQKM CTCLRMQ MS ?RGTGB?BCQ
    AMLQGBCP?B?Q BCNCLBCLRCQ BC K?LCGP? NPCT?JCLRC BM KCR?@MJGQKM ?CP™@GM M@R‘K N?PRC B? CLCPEG? BM KCR?@MJGQKM
    ?L?CP™@GMCTGAC TCPQ?

    ! 

    %>6E23@=:D>@2?26C3:@7@D7@4C62E:?26EC:7@D72E@56256?@D:?20*&1:?EC2​>FD4F=2C68=:4=:D67@C?6462>2:@C:25@*&5FC2?E62
    2E:G:52567{D:42564FCE25FC2wv@62=E2:?E6?D:5256
    @?7@C>6 2 5FC2wv@ 5@ 6I6C4{4:@ 2?26C3:@ 2F>6?E2 @4@CC6 56A6?5y?4:2 >2:@C 52 8=:4=:D6 6 5@ >6E23@=:D>@ 26C3:@ A2C2
    @3E6?wv@5@*&?646DDsC:@
    b >65:52 BF6 2 5FC2wv@ 52 2E:G:5256 7{D:42 2F>6?E2 2=x> 56 2AC@I:>252>6?E6  >:? 2 :?E6?D:5256 5@ 6I6C4{4:@ 5:>:?F: 6
    56A6?5y?4:2>2:@C5@>6E23@=:D>@26C3:@6>C6=2wv@2@2?26C3:@D656D6?G@=G6
    #6D>@BF62=8F>2D2E:G:5256D@C:8:?6>2>2:@CA2CE65@*&?646DDsC:@56F>27@?E66>A2C​E:4F=2C6I:DE6F>28C2?56:?E6C2wv@
    6?EC62D7@?E6D56*&6>>F:E2D2E:G:5256D

    012%,%&$"0,

    6<
    5MA‘  M BGPCRMP BC SK? COSGNC BC NCQOSGQ? CK ¤QGMJMEG? BM CVCPA”AGM LM .JWKNGA 3P?GLGLE "CLRCP 4K ?RJCR? BC
    ,5+<9(5*,AFCE??MJ?@MP?R™PGMBCRCQRCQN?P?D?XCPSK??T?JG?ŽMB?A?N?AGB?BC?CP™@G?KŠVGK?4KBMQ¤QGMJMEGQR?Q
    B? COSGNC ?BKGLGQRP? M RCQRC BC CQDMPM EP?B?RGTM L? CQRCGP? #SP?LRC M RCQRC  CJC KMLGRMP? ? DPC​OS‘LAG? A?PB”?​A?  ?
    TCLRGJ?ŽM ?QR?V?QBCNCPACNŽMBCCQDMPM MJ?AR?RMQ?LES”​LCM MAMLQSKMBCMVGE‘LGM ?NPMBSŽMBC".C?131
    .NPM¤QQGML?JM@QCPT?OSCAMLDMPKCMRCQRCT?GNPMEPCBGLBM ?DPCl S‘LAG?A?PB”?^?C?TCLRGJ?ŽMTŽM?SKCLR?LBMC
    RSBMN?PCACLMPK?J-MCLR?LRM ?131AMKCMSCK  DMGN?P? CK?NPMVGK?B?KCLRCKGLLMRCQRC N?P? 
    NMP TMJR? BM M KGLSRM BM RCQRC C  BCNMGQ BGQQM  SJRP?N?QQMS   ?RGLEGLBM M KŠVGKM BC   ?LRCQ B? CV?SQRŽM
    TMJSLRŠPG?.¤QGMJMEGQR?¤AMSSKR?LRMAMLDSQMAMKMD?RMBC?131RCP?JA?L?BMT?JMPQSNCPGMP? CGLQGQRGSOSC
    M COSGN?KCLRM OSC ?L?JGQ? M MVGE‘LGM CQR?T? OSC@P?BM $JC QC JCK@PMS BC RCP ?NPCLBGBM L? ?SJ? BC ¤QGMJMEG? BM
    CVCPA”AGM OSC ? 131 BC   GLBGA? OSC  BC A?P@MGBP?RM C  BC RPGEJGACP”BGM CQRŽM QCLBM KCR?@MJGX?BMQ BC
    K?LCGP??CP™@G?COSC?131BC QGELG¤A?OSCBCA?P@MGBP?RMCBCJGN”BGMQCQRŽMQCLBMKCR?@MJGX?BMQ.
    OSCTMA‘D?X

    9A
    3I=?RJFC=;;IJLIVMMCIH;F>;MO;?KOCJ?KO??F??MN†J;L=C;FG?HN?=ILL?NI/1/Œ;L;TŠI?HNL?3Y ,X3,
    .O;H>I ; /1/ Π>? 
    
     ;JLIRCG;>;G?HN?  >? =;L<IC>L;NI ?MN† M?H>I G?N;<IFCT;>I JIL PC; ;?L•<C;
     ?
    KO;H>I;L;TŠIŒ>?
    
    =?L=;>?>;>?G;H>;>??H?LAC;?MN†M?H>I;N?H>C>;J?FIG?N;<IFCMGI;?L•<CI
    >IM FCJ>CIM  .O;H>I ; /1/ ?MN† ?HNL? 
     ? 
    
     OG; GCMNOL; >? =;L<IC>L;NI ? NLCAFC=?L>CI ?MN† M?H>I
    G?N;<IFCT;>; +;/1/>?
    
    KO;M?>?=;L<IC>L;NI?>?NLCAFC=?L>CI?MNŠIM?H>IG?N;<IFCT;>IM -IL
    CMMI
    ŒL;TI†​P?FJ?HM;LKO?IP;FILG†RCGI>;/1/Œ>?
     "HNL?N;HNI
    H;CHN?HMC>;>?G†RCG;>I?R?L==CI

    KO;H>I ; ?H?LAC; ΠI<NC>; ;H;?LI<C;G?HN?


     ; /1/ JI>? ;F=;H‹;L P;FIL?M ;FNIM =IGI 
     JIL =OLNIM J?LI​>IM
    &MMI;=IHN?=?>?PC>I;IMCMN?G;>?N;GJIH;G?HNI>I<C=;L<IH;NIHIM;HAO?
    L?MOFN;H>IH;JLI>O‹ŠI>? ,
    %   % ,X → % ,X → ,  %,  "MM? , JLI>OTC>I J?FI MCMN?G; >? N;GJIH;G?HNI >I <C=;L<IH;NI
    JI>?M?L?RJCL;>IHIMJOFG™?M , ,;>C=CIH;FHŠIL?MOFN;>IG?N;<IFCMGI;?L•<CI
    G;MA?L;P;FIL?M>?/1/
    G;CIL?M KO? 
      +I ?HN;HNI
     M? ; /1/ @IL G;CIL KO? 
    
     MOJ™? M? KO?  >? =;L<IC>L;NI ?MN† M?H>I
    G?N;<IFCT;>IF?G<L?
    ;J?H;M=;L<IC>L;NIJI>?M?LG?N;<IFCT;>I;H;?LI<C;G?HN?

    6<
    5MA‘MRALGAMBCSK?COSGNCBC?RJCRGQKM4KBCQCSQ?RJCR?QGLQGQRCCKA?GPLMAFŽMGKCBG?R?KCLRC?N™QMQ:7905;:
    BC?KLMQGLRCPT?JMQB?QQPGCQBCRPCGL?KCLRM NCPK?LCACLBMBCGR?BMLMAFŽM?RMNP™VGKMCVCPA”AGM$JC
    D?XGQQMNMPOSC?APCBGR?OSCBGKGLSGMŠAGBMJŠARGAM​KSQASJ?PCQ?LES”​LCMCLRPCMQCVCPA”AGMQ NCPKGRGLBM ?QQGK SK?
    PCASNC​P?ŽMK?GQPŠNGB?CLRPC?QNPŠRGA?Q.OSCTMA‘D?X

    9A
    "G JLCG?CLI FOA;L
     J;L;<?HCT? I ;NF?N; JIL M;<?L KO? IM HP?CM >? †=C>I F†=NC=I M;HAO​H?I NG L?F;‹ŠI =IG ;
    @;>CA; >OL;HN? ;M ;NCPC>;>?M >? ;FN; CHN?HMC>;>? =IGI I NL?CH;G?HNI CHN?LP;F;>I  !?JICM >CMMI
     ?RJFCKO? KO?
    ;NCPC>;>?MF?P?M;GI>?L;>;M
    =IGI;=ILLC>;F?P?
    L?>OT?G;;=C>IM?G;CML;JC>;G?HN?>IKO?;J?H;M>?CN;L
    M? HI =BŠI HIM CHN?LP;FIM
     ? KO? CMMI Œ >?=ILL?HN? >? P†LC;M L;T™?M  -LCG?CLI
     I †=C>I F†=NC=I JI>? M?L
    G?N;<IFCT;>IJ?FI​GšM=OFIJ;L;@ILH?=?L;?H?LAC;1-J;L;L?;​FC​T;‹ŠI>;;NCPC>;>?F?P? 0?AOH>I
    ;;NCPC>;>?
    F?P?G;HNŒGIM;HAO?WOCH>IJ;L;Id šM=OFI
    MOJLCH>I I=IG†=C>IF†=NC=I
    KO?JI>?N;G<ŒGM?LOM;>IH;
    MHN?M?>?AFC=IM?
    ;KO;FM?L†ONCFCT;>;=IGI=IG<OMNP?FH;JL•RCG;JL†NC=; G<IMIM@;NIL?M;DO>;G;L?>OTCL
    I†=C>IF†=NC=IM;HAO​H?I=IGG;CM;ACFC>;>?>IKO?;J?H;M>?CN;LHI=BŠIHIMCHN?LP;FIM -?‹;;I;NF?N;J;L;
    N?HN;L @;T?L OG; =ILLC>; F?P? HIM CHN?LP;FIM >OL;HN? ; JL•RCG; M?MMŠI >I NL?CH;G?HNI  !CA; KO? PI= N?G
    =?LN?T; >? KO? ?F? J?L=?<?L† ; L?=OJ?​L;‹ŠI G;CM L†JC>; ?HNL? ;M JL†NC=;M ? I<N?L† G?FBIL KO;FC>;>? >?
    NL?CH;G?HNI?G=IGJ;L;‹ŠI=IG;J?H;M>?CN;L M?HI=BŠIHIMCHN?LP;FIM

    #% @$%

    3?LRM?TG?KCR?@™JGA??L?CP™@G?OS?LRM??CP™@G??@?QRCACK?QAJSJ?QAMKCLCPEG?L?DMPK?BC 3/N?P?PC?​JG​X?ŽMB?Q
    ?RGTGB?BCQACJSJ?PCQCD”QGA?Q. 3/C?/"GLRP?​KSQASJ?P @CKAMKM?EJGA™JGQCPCQSJR?LBMCKNPMBSŽMBCŠAGBMJŠARGAM
    QŽMDMLRCQ?L?CP™@G?QCNPCBMKGL?LRCQBCCLCPEG?LCACQQŠPG?N?P??PC?​JG​X?ŽMB?Q?RGTGB?BCQD”QGA?QBCASPR?BSP?ŽMC?JR?
    GLRCLQGB?BC"?P@MGBP?RMQ JGN”BGMQCNPMRC”​L?QNMBCKQCP?CPM@G?KCLRCKCR?@MJGX?BMQL?KGRMAšLBPG?NCJMAGAJMBC*PC@Q
    C NCJM QGQRCK? BC RP?LQNMPRC BC CJRPMLQ $K ECP?J  MQ A?P@MGBP?RMQ C MQ RPGEJGACP”BGMQ QŽM MQ QS@QRP?RMQ ?CP™@GMQ
    NPCT?JCLRCQ  C ? NPMRC”​L? L? DMPK? BC ?KGLMŠ​AGBMQ  KCR?@MJGX?B? KGLGK?KCLRC . KCR?@MJGQKM ?CP™@GM  ? DMLRC
    BMKGL?LRC BC 3/ N?P? ? PC?​JG​X?ŽM B? ?RGTGB?BC BC JMLE? BSP?ŽM C @?GV? GLRCLQGB?BC $LRPCR?LRM  MAMPPC GLRCP?ŽM
    AMLQGBCPŠTCJCLRPCMKCR?@MJGQKM?CP™@GMCM?L?CP™@GMBSP?LRC?K@?Q?Q?RGTGB?BCQ BCASPR?BSP?ŽMC?JR?GLRCLQGB?BCC
    BCJMLE?BSP?ŽMC@?GV?GLRCLQGB?BC.QKCR?@MJGQKMQ?CP™@GMC?L?CP™@GMQC?B?NR?K?MRPCGL?KCLRMBCTŠPG?QK?LCGP?Q
    AMKM  NMP CVCKNJM  ?SKCLR?LBM ? ?RGTGB?BC BC TŠPG?Q CLXGK?Q C ? BGQNMLG@GJGB?BC BC QS@QRP?RM  M OSC GLAPCKCLR? ?Q
    A?N?AGB?BCQBMBCQCKNCLFMD”QGAM PCASNC​P?ŽMCDCRGT??N™QSK?QPGCBCCVCPA”AGMR?K@K CKN?PRC BCNCLBCLRCBMQ
    NPMACQQMQKCR?@™JGAMQ#SP?LRC?PCASNC​P?ŽM MMVGE‘LGMAMLQSKGBM?AGK?BMQT?JMPCQBCPCNMSQM$/." SQ?BMNCJ?Q
    TG?Q ?CP™@G?Q N?P? KCR?@MJGX?P ŠAGBM JŠARGAM C PC?@?QRCACP ? /" GLRP?​KSQASJ?P  AMKNPCCLQŽM BMQ NPMACQQMQ BC PCASNC​
    P?ŽM KCR?@™JGA? C B? K?LCGP? AMKM M 3/  NPMBSXGBM NCJ? TG? ?CP™@G? C ?L?CP™@G?  LCACQQŠPG? N?P? CV?KGL?P M OSC
    JGKGR?MBCQCKNCLFMCA?SQ?D?BGE?CKTŠPG?Q?RGTGB?BCQCCQNMPRCQ/MPQS?TCX MAMLFCAGKCLRMBCQQCQD?RMPCQNMQQG@GJGR?
    MBCQCLTMJTGKCLRMBCCQRP?REG?QBCRPCGL?KCLRMCAMKNCRGŽMOSCMRGKGX?KMBCQCKNCLFMD”QGAM

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    . NPMACQQM BC AMLTCPQŽM CK CLCPEG? BMQ NPMBSRMQ ?LGK?GQ C TCECR?GQ GLECPGBMQ L? DMPK? BC ?JGKCLRMQ  AF?K?BM
    BC===========
    =============SKNPMBSRMBMKCR?@MJGQKM?L?CP™@GM MOS?JCQRŠ?QQMAG?BMCJCT?ŽMB??AGBMQCQ?LES”​LC?CGLRP?​
    KSQASJ?P
    . KCR?@MJGQKM ?L?CP™@GM BMQ A?P@MGBP?RMQ NPMBSX K?GQKCLMQ? KCQK? OS?LRGB?BC BC CLCPEG? NMP QCESLBM OSC M
    KCR?@MJGQKM?CP™@GMBCA?P@MGBP?RMQ RPGEJGACP”BGMQCNPMRC”​L?Q
     Q?B?NR?CQBMRPCGL?KCLRM?M===========GLAJSCK?SKCLRMB??RGTGB?BCBC?JESK?QCLXGK?Q B?QPCQCPT?QGLRP?​
    KSQASJ?​PCQBCEJGAME‘LGMCB?A?N?AGB?BCBCR?KNML?KCLRMGLRP?​KSQASJ?P
     -?P?XŽMBCRPMA?PCQNGP?R™PG?BC  ACPA?BCBC============CQRŠQCLBMKCR?@MJGX?BM?CPM@G?KCLRC
    n8@5<8-1?/;84-
    0S?JB?QQCESGLRCQ?JRCPL?RGT?QD?RMPBCRCPKGL?LRCBCOSCQS@QRP?RMBCCLCPEG?QCPŠSQ?BMBSP?LRCMCVCPA”AGM
    ? BSP?ŽMBMCVCPA”AGM
    @ 2C?CLCPEG?CQRŠQCLBMDMPLCAGB??CP™@G?MS?L?CPM@G?KCLRC
    A GLRCLQGB?BCBMCVCPA”AGM
    B BGQNMLG@GJGB?BCBMQS@QRP?RM
    C 3MB?Q?QMNCQ?LRCPGMPCQ
    0S?JBMQQCESGLRCQQS@QRP?RMQBCCLCPEG?NMBCQCPKCR?@MJGX?BM?CPM@G?KCLRCN?P?DMPLCACPCLCPEG?
    ? "?P@MGBP?RM
    @ 3PGEJGACP”BGM
    A /PMRC”​L?
    B &MPBSP?
    C 3MB?Q?QMNCQ?LRCPGMPCQ
    0S?GQ ?B?NR?CQ @GMCLCPERGA?Q MAMPPCK AMK M RPCGL?KCLRM OSC KCJFMP?K M BCQCKNCLFM L?Q ?RGTGB?BCQ BC ASPR?
    BSP?ŽMC?JR?GLRCLQGB?BCAMKMMRPCGL?KCLRMAMKNCQMC:7905;:ASPRMQ
    ? JRCP?CQLML”TCJB?CLXGK?APC?RGLMOSGL?QC
    @ ,MBG¤A?CQLMQL”TCGQB?QCLXGK?QBMAGAJMBC*PC@Q
    A JRCP?CQLMQL”TCGQB?QCLXGK?QB?A?BCG?RP?LQNMPR?BMP?BCCJRPMLQ
    B (LRCLQG¤A?ŽMB?JGN™JGQC
    C SKCLRMB?A?N?AGB?BCBCSRGJGX?ŽMBMQRPGEJGACP”BGMQGLRP?​KSQASJ?​PCQ
     . JGKG?P BM J?AR?RM MAMPPC CK ?NPMVGK?B?KCLRC ======= BM AMLQSKM KŠVGKM BC MVGE‘LGM CK GL​BG​T”​BSMQ >j?
    DB59>14?CCCKACPA?BC=========BMAMLQSKMKŠVGKMBCMVGE‘LGMLMQ9>​49​Fo​4E?CDB59>14?CN?P?,5+<9(5*, MOSC
    NMQQG@GJGR?MCKNPCEMBCA?PE?BCRP?@?JFMK?GQ?JR?QCK?SKCLRMB?AMLACLRP?ŽMQ?LES”​LC?BCŠAGBMJŠARGAM?MQGL​BG​
    T”​BSMQRPCGL?BMQN?P?,5+<9(5*,
    ? 
    @ ??
    A 
    B ??
    C 
     0SC ?B?NR?CQ ?M RPCGL?KCLRM NMQQG@GJGR?K OSC M GL​BG​T”​BSM AMK RPCGL?KCLRM BC ,5+<9(5*, KCR?@MJGXC SK?
    NMPACLR?ECKK?GQCJCT?B?BCŠAGBMQEP?VMQ?MAMPPCPLMKCQKMPGRKMMSL?KCQK?A?PE?BCRP?@?JFM?@QMJSR?OSCM
    GL​BG​T”​BSMLŽMRPCGL?BM
    ? .Q?SKCLRMQLMQL”TCGQB?CLXGK?APC?RGLMOSGL?QC
    @ QCJCT?CQBMQL”TCGQB?QCLXGK?QB?EJGA™JGQC
    A .Q?SKCLRMQBMQL”TCGQB?QCLXGK?QBMAGAJMBC*PC@QCBMRP?LQNMPRCBCCJRPMLQ
    B ?QACLQŽMBMQL”TCGQB?QCLXGK?QB?@CR?MVGB?ŽM
    C ACB
    )1>0-015>;;A2-8?;
    EJGAMQC?DMLRCBCCLCPEG?NPCBMKGL?LRCN?P???RGTGB?BCD”QGA?BC?JR?GLRCLQGB?BCCBSP?ŽMBC?JESLQQCESLBMQ
    .E?LFMJ”OSGBMCK 3/B?EJGA™JGQCBC QCMNPMACQQMAMKC?PAMKEJGAMQC CBCQCAMKC?PAMKMEJGAME‘LGM
     AMLACLRP?ŽM BC ŠAGBM JŠARGAM LM Q?LESC C LM ​KžQASJM NMBC LŽM QCP ? A?SQ? BGPCR? BM ?SKCLRM B? ?AGBMQC
    CLRPCR?LRM  CQQ? CJCT?ŽM MAMPPC NCJM KCLMQ BC K?LCGP? AMGLAGBCLRC AMK D?RMPCQ ?QQMAG?BMQ  GLA?N?AGB?BC BC
    K?LSRCLŽMBMPGRKMMSA?PE?BCRP?@?JFMCKN?P​RGASJ?P
     .RCPKMB¤AGRBCMVGE‘LGMBCQAPCTCMMVGE‘LGMSQ?BM?AGK?BMQT?JMPCQBCPCNMSQM?N™QMCVCPA”AGM
     /?P? BCRCPKGL?P ? R?V? KCR?@™JGA?  KSGRMQ J?@MP?R™PGMQ CQRGK?K ?Q OSGJMA?JMPG?Q BCQNCLBGB?Q BSP?LRC ? ?RGTGB?BC
    SQ?LBM?A?JMPGKCRPG?GLBGPCR? NMGQ?A?JMPGKCRPG?BGPCR?PCOSCPCOSGN?KCLRMQA?PMQ
    $A1?@m1?;.61@5B-?
    .OSCBCRCPKGL?QC?EJGA™JGQCNPMBSXGPŠŠAGBMNGPžTGAMMSŠAGBMJŠARGAM
    #CQAPCT??BGDCPCL?CLRPC 3/C #/"MKMA?B?SKDMPK?BM
    /MP OSC  T?LR?HMQM KSB?P EP?BS?JKCLRC N?P? M KCR?@MJGQKM BC A?P@MGBP?RM DPCLRC ?M ?SKCLRM B? GLRCLQGB?BC BM
    CVCPA”AGM?CP™@GM
    -e--/;>>1?<;:0g:/5-
    %???AMPPCQNMLB‘LAG?BMQRCPKMQ?QCESGPAMK?BC¤LGŽMAMPPCR?

    !CR?MVGB?ŽM 4KNPMACQQMLMOS?JM?KGLMŠ​AGBMKCR?@MJGX?BM NCPBCLBMQCSEPSNMLGRPME‘LGM


    "?BCG?RP?LQNMPR?BMP?BC 4KNPMACQQMBSP?LRCMOS?JMQŠAGBMQEP?VMQQŽMBCEP?B?BMQCKKMJASJ?QBCA?P@MLMQ
    CJRPMLQ OSC BCNMGQBGQQM QŽMRP?LQDMPK?B?QCK?ACRGJ "M 
    #CQ?KGL?ŽM 4K?QPGCBCPC?CQOS”​KGA?QOSCMAMPPCKL?KGRMAšLBPG?CLTMJTGB?LMKCR?@MJGQKMB?
    ?ACRGJ "M PCQSJR?LBMCKNPMBSŽMBCRPGDMQD?RMBC?BCLMQGL? 3/ BG™​VGBMBCA?P@MLM
    C”M​LQBCFGBPME‘LGM
    "GAJMBC"MPG 4K? QPGC BC PC?CQ OS”​KGA?Q OSC MAMPPCK L? KGRMAšLBPG? CLTMJTCLBM AGRMAPMKMQ OSC
    NPMKMTC?NPMBSŽMBC 3/CŠES?
    "GAJMBC*PC@Q 4K NPMACQQM OSC QGLRCRGX? EJGAME‘LGM FCNŠRGAM ? N?PRGP BM ŠAGBM JŠARGAM NPMBSXGBM LM ​
    KžQASJMCQOSCJRGAMMSCKMSRPMQRCAGBMQ

    %???AMPPCQNMLB‘LAG?

    pAGBMQEP?VMQCEJGACPMJ &JGAME‘LGM
    &JGAMQC /PMRC”​L?
    KGLMŠ​AGBMQ 3PGEJGACP”BGMQ

    #1:?-91:@;/>h@5/;
    2M@ ? NCPQNCARGT? @GMCLCPERGA?  NMP OSC  NMQQ”TCJ E?LF?P EMPBSP? AMPNMP?J OS?LBM AMLQSKGKMQ OS?LRGB?BCQ
    CVACQQGT?QBCNPMRC”​L?MSA?P@MGBP?RM
    0SC ?B?NR?CQ @GMCLCPERGA?Q ?M RPCGL?KCLRM NMQQG@GJGR?K M BCQCKNCLFM KCJFMP LM CTCLRM BC ,5+<9(5*,  AMKM
    AMPPCPSK?K?P?RML? ?N™QMRPCGL?KCLRM?CP™@GM

    "#&

    S394?7B1H?AMKNMQRMAMLQRGRS”​BMBCSK?A?BCG?BCA?P@MLMCŠRMKMQBCFGBPME‘LGMAMKSKEPSNMŠAGBM"..' CK
    SK?CVRPCKGB?BCCSKEPSNMKCRGJ?"' L?MSRP?
    S394?7B1H?9>C1DEB14?ŠAGBMEP?VMOSC?NPCQCLR? NCJMKCLMQ JGE?ŽMBSNJ?CLRPCQS?QKMJASJ?QBCA?P@MLMC AMK
    GQQM AMLRKNCJMKCLMQŠRMKMQBCFGBPME‘LGM?KCLMQBMOSCNMBCPG?AMLRCPK?VGK?KCLRC
    S394?7B1H?=?>?9>C1DEB14?ŠAGBMEP?VMOSC?NPCQCLR?JGE?ŽMBSNJ?CLRPCQS?QKMJASJ?QBCA?P@MLMC NMPR?LRM
    AMLRKŠRMKMQBCFGBPME‘LGM?KCLMQBMOSCNMBCPG?AMLRCPK?VGK?KCLRC
    S394?7B1H?@?<99>C1DEB14?ŠAGBMEP?VMOSC?NPCQCLR? NCJMKCLMQ JGE?CQBSNJ?QCLRPC?QKMJASJ?QBCA?P@MLMC
    NMPR?LRM AMLRKNCJMKCLMQŠRMKMQBCFGBPME‘LGM?KCLMQBMOSCNMBCPG?AMLRCPK?VGK?KCLRC
    S394? 7B1H? C1DEB14? ŠAGBM EP?VM QCK JGE?CQ BSNJ?Q CLRPC QS?Q KMJASJ?Q BC A?P@MLM  AMLRCLBM  BCQQC KMBM  ?
    OS?LRGB?BCKŠVGK?BCKMJASJ?QBCFGBPME‘LGM
    =9>?g​394?5CC5>391<?KGLMŠ​AGBMOSCMAMPNMFSK?LMLŽMAMLQCESCQGLRCRGX?P
    =9>?g​394?>j?5CC5>391<?KGLMŠ​AGBMOSCNMBCQCPQGLRCRGX?BMNCJMAMPNMFSK?LM
    5D1?H941kj?QPGCBCPC?CQOSCBCEP?B?KŠAGBMQEP?VMQNPMBSXGLBM?ACRGJ "M 
    9?5>5B7lD931NPMACQQMQOS”​KGAMQCLTMJTGBMQL?NPMBSŽMCBCEP?B?ŽMBC 3/ACJSJ?P
    14591DB1>C@?BD14?B1455<lDB?>C*QPGCBCPC?CQOS”​KGA?QOSCMAMPPCKBCLRPMB?KGRMAšLBPG? CLTMJTCLBM
    AGRMAPMKMQ ?QOS?GQNPMBSXCK 3/CŠES?
    1<?B9=5DB91 49B5D1 BCRCPKGL?ŽM B? R?V? KCR?@™JGA? BC SK MPE?LGQKM NMP KCGM B? KCBGB? BGPCR? B? OS?LRGB?BC BC
    A?JMPNPMBSXGBM
    1<?B9=5DB919>49B5D1CQRGK?RGT?B?R?V?KCR?@™JGA?BCSKMPE?LGQKM?N?PRGPB?OS?LRGB?BCBCMVGE‘LGMAMLQSKGBMC
    BG™​VGBMBCA?P@MLMNPMBSXGBM
    93<? 45 !B52C QPGC BC PC?CQ OS”​KGA?Q OSC MAMPPCK L?Q KGRMAšLBPG?Q  CLTMJTGB?Q LM KCR?@MJGQKM BM ?ACRGJ "M
    PCQSJR?LBMCKNPMBSŽMBC 3/ BG™​VGBMBCA?P@MLMC”M​LQBCFGBPME‘LGM
    ?=@<5H?CB5C@9B1DsB9?CA?L?GQBC”M​LQBCFGBPME‘LGMCQNCAG?JGX?BMQ JMA?JGX?BMQL?KCK@P?L?GLRCPL?B?KGRMAšLBPG?
    MQOS?GQQŽMGKNMPR?LRCQL?NPMBSŽMBC 3/
    ?>CE=?5H35CC9F?45?H97m>9?1@sC5H5B3o39?&%MVGE‘LGMCVRP?AMLQSKGBM?AGK?BMT?JMPBCPCNMSQM?N™QM
    CVCPA”AGM MOS?JSRGJGX?BMN?P??HSB?PKSGRMQNPMACQQMQBCPCASNC​P?ŽMRCPKMQGKGJ?P?B@GRMBCMVGE‘LGM
    l29D?45?H97m>9?MMVGE‘LGM?BGAGML?JAMLQSKGBM?AGK?BMT?JMPBCPCNMSQM?N™QSK?QPGCBCCVCPA”AGMQ MOS?J
    SQ?BMN?P??HSB?PKSGRMQNPMACQQMQBCPCASNC​P?ŽM$/."SKRCPKMQGKGJ?P
    l{39D45?H97m>9??BGDCPCL?CLRPCMMVGE‘LGMLCACQQŠPGMN?P?PC?​JG​X?PSK?A?PE?BCRP?@?JFMCKN?P​RGASJ?PQMKCLRC
    NMPKCGMBMKCR?@MJGQKM?CP™@GMCMMVGE‘LGMPC?JKCLRCAMLQSKGBMLMGL”AGMB?PC?​JG​X?ŽMBCSK?QPGCBCRP?@?JFM
    5C1=9>1kj?PCKMŽMBMEPSNM?KGLM-' BCSK?KMJASJ?AMKM?KGLMŠ​AGBM
    96?C61D?45145>?C9>1&KMJASJ?OSCQCAMK@GL?AMKMDMQD?RMGLMPE‹LGAMN?P?DMPK?P 3/
    >J9=1KMJASJ?BCNPMRC”​L?OSCPCBSX?CLCPEG?BC?RGT?ŽMC AMKGQQM D?AGJGR?SK?PC?ŽMOS”​KGA?
    CD14?455AE9<o2B9?A?PE?BCRP?@?JFMBSP?LRC?OS?JMKCR?@MJGQKM?CP™@GMQSNPCRMB??CLCPEG?LCACQQŠPG?
    <1F9>1 145>9>1 49>E3<5?Do45?  SK? B?Q BGTCPQ?Q KMJASJ?Q OSC ​?RS?K AMKM RP?LQNMPR?BMP BC CJRPML C
    FGBPME‘LGMCK@GMCLCPERGA?
    ?C6?3B51D9>1&KMJASJ??PK?XCL?B?LM​KžQASJMOSCDMPLCACCLCPEG?N?P??Q”LRCQCBC 3/
    ?C6?B9<1kj??H941D9F1NPMACQQMLMOS?JMDMQD?RMGLMPE‹LGAMJGE? QC #/ NPMBSXGLBM 3/BSP?LRC?"3$
    <93?7m>5C5Q”LRCQCBCEJGAME‘LGM?N?PRGPBCKMJASJ?QBCEJGAMQC
    <93?7m>9?DMPK?NMJGQQ?A?P”BC?AMKOSCMQ?LGK?GQ?PK?XCL?KA?P@MGBP?RM
    <93?75>s<9C5BCEP?B?ŽMBCEJGAME‘LGMCKEJGAMQC
    <93s<9C5QPGCBCPC?CQOS”​KGA?QOSCBCEP?B?K?EJGAMQCCKŠAGBMNGPžTGAM
    <93?>5?7m>93?PCDCPC QCQ”LRCQCBCEJGAMQC?N?PRGPBCSKNPCASPQMPLŽMA?P@MGBP?RM
    >o39?4?13w=E​<?45g394?<g3D93?>?C1>7E5%"A?PE?BCRP?@?JFML?OS?J?AMLACLRP?ŽMBCJ?AR?RMQ?LES”​LCM
    QCCJCT??AGK?BC K,
    "9=91B4?<13D1D?A?PE?BCRP?@?JFML?OS?J?AMLACLRP?ŽMBCJ?AR?RMQ?LES”​LCM?SKCLR?BCK?LCGP?QGELG¤A?RGT??AGK?
    BML”TCJBCPCNMSQM
    "9@1C5<9@?@B?D5931CLXGK?OSCBCEP?B?MQRPGEJGACP”BGMQL?AMPPCLRCQ?LES”​LC?CKŠAGBMQEP?VMQCEJGACPMJ
    "9@1C5 C5>CoF5< 1 8?B=t>9? CLXGK? CLAMLRP?B? L?Q AJSJ?Q ?BGNMQ?Q C L?Q ¤@P?Q h SQASJ? mCQ OSC BCAMKNCK M
    RPGEJGACP”BGMCKŠAGBMQEP?VMQCEJGACPMJ
    "9@s<9C5BCEP?B?ŽMBMRPGEJGACP”BGMCKŠAGBMQEP?VMQCEJGACPMJ
    #5D12?<9C=?15Bs29?NPMACQQMKCR?@™JGAMOSCNPCAGQ?BCMVGE‘LGM
    #5D12?<9C=?1>15Bs29?NPMACQQMKCR?@™JGAMOSCLŽMNPCAGQ?BCMVGE‘LGM
    $93?D9>1=941145>9>149>E3<5?​Do​45?$SK?B?QTŠPG?QKMJASJ?QOSCQCPTCKAMKMRP?LQNMPR?BMPBCCJRPMLQC
    FGBPME‘LGMQCK@GMCLCPERGA?
    &B?D51C5CLXGK?OSCFGBPMJGQ?NPMRC”​L?
    'E9<?31<?B91;31<OS?LRGB?BCBCCLCPEG?LCACQQŠPG?N?P?CJCT?PEBCŠES?CKj"
    (1Jj?45DB?31B5C@9B1DsB91(*(?P?XŽMCLRPC?NPMBSŽMBCBG™​VGBMBCA?P@MLMCMMVGE‘LGMAMLQSKGBMCQQ?P?XŽM
    GLBGA??NMPACLR?ECKBCA?P@MGBP?RMQCRPGEJGACP”BGMQ?CPM@G?KCLRCKCR?@MJGX?BMQ
    (51kj?1>12s<931NPMACQQMCKOSCQS@QR‹LAG?QQGKNJCQQŽMQGLRCRGX?B?QCKQS@QR‹LAG?QK?GQAMKNJCV?Q
    (51kj? 31D12s<931 NPMACQQM CK OSC QS@QR‹LAG?Q AMKNJCV?Q QŽM BCEP?B?B?Q CK QS@QR‹LAG?Q K?GQ QGKNJCQ  NPMBSXGLBM
    CLCPEG?
    (53E@5B1kj?1D9F1PC?​JG​X?ŽMBC?RGTGB?BCD”QGA?JCTCGKCBG?R?KCLRC?N™QSK?QPGCBCCVCPA”AGMAMKM@HCRGTMBC?HSB?P?
    PCASNC​P?ŽM
    (53E@5B1kj?@1CC9F1PC?​JG​X?ŽMBCLCLFSK??RGTGB?BCD”QGA?GKCBG?R?KCLRC?N™QSK?QPGCBCCVCPA”AGMQ
    )9CD5=1 *&& SQM BC CLCPEG? M@RGB? BMQ CQRMOSCQ GLRP?​KSQASJ?​PCQ BC 3/ C DMQDMAPC?RGL? N?P? PC?​JG​X?ŽM BC
    ?RGTGB?BCQACJSJ?PCQ LMPK?JKCLRCSRGJGX?B?QBSP?LRC??RGTGB?BCD”QGA?BCASPR?BSP?ŽMC?JR?GLRCLQGB?BC
    *1H1 45 =5D12?<9C=? 21C1< *# R?V? KCR?@™JGA? BCRCPKGL?B? CK ?K@GCLRC RCPKMLCSRPM   ?  F ?N™Q SK?
    PCDCGŽM GKCBG?R?KCLRC?N™QJCT?LR?P QCB?NMQGŽMBCQSNGLMCKPCNMSQM
    *1H1 =5D12s<931 45 B5@?EC? *#( ? R?V? KCR?@™JGA? BCRCPKGL?B?  F BCNMGQ BC SK? PCDCGŽM JCTC C ?N™Q
    ?NPMVGK?B?KCLRC?KGLBCPCNMSQMQMQQCE?BM
    *B96?C61D? 45 145>?C9>1 *& KMJASJ? BC DMQD?RM BC ?JR? CLCPEG? QGLRCRGX?B? SQ?B? NCJ?Q AJSJ?Q N?P? PC?​JG​X?ŽM B?Q
    ?RGTGB?BCQACJSJ?PCQ
    *B97<935Bo49?C?NPGLAGN?JDMPK?B?KMJASJ?BCEMPBSP?AMKNMQR?NMPKMJASJ?BCEJGACPMJCBCŠAGBMQEP?VMQ

    "?#

     @CPLCRFW/) 3F?WCP1 3?WJMP 6 ASRC?LBAFPMLGAPCQNMLQCQMDQICJCR?JKSQAJCRMCLBSP?LAC?LBQNPGLRCVCPAGQC


    ?PCTGCU2NMPRQ,CB
     LBCPQCL/ 'CLPGIQQML)"?NGJJ?PWQSNNJWMDRFCOS?BPGACNQDCKMPGQ​KSQAJCMDK?L?B?NRGTCPCQNMLQCRMCVCPAGQC)
    /FWQGMJZ
     !?JQMK/# 2CECP)8 2HMBGL! CR?J,?VGK?J GLRCLQGRWGLRCPKGRRCLRCVCPAGQCCDDCARMDPCAMTCPWBSP?RGML(LR)2NMPRQ
    ,CB
     !?JQMK/# 2CECP)8 2HMBGL! CR?J/FWQGMJMEGA?JPCQNMLQCQRMK?VGK?JGLRCLQGRWGLRCPKGRRCLRCVCPAGQC$SP) NNJ
    /FWQGMJ.AASN/FWQGMJ
     !?QQCRR#1)P ,CPPGJJ/6 -?EJC%) CR?J1?RCMDBCAJGLCGL@JMMBJ?AR?RC?DRCPAWAJGLECVCPAGQCGLCLBSP?LAC RP?GLCB
    ?LB SLRP?GLCBQS@HCARQ) NNJ/FWQGMJ
     !CPE), 3WKMAXIM)+ 2RPWCP+!GMAFCKGQRPW6'%PCCK?L?LB"M 
     !MEB?LGQ &"  -CTGJJ ,$  !MM@GQ +'  CR ?J "MLRPG@SRGML MD NFMQNFMAPC?RGLC ?LB ?CPM@GA KCR?@MJGQK RM CLCPEW
    QSNNJWBSPGLEPCNC?RCBQNPGLRCVCPAGQC) NNJ/FWQGMJ
     !PMMIQ& (LRP? ?LBCVRP? ACJJSJ?PJ?AR?RCQFSRRJCQ,CB2AG2NMPRQ$VCPA
     !SPEMK?QRCP* 'CGECLF?SQCP&) &G@?J?,)$DDCARMDQFMPR RCPKQNPGLRGLRCPT?JRP?GLGLEMLFSK?LQICJCR?JKSQAJC
    A?P@MFWBP?RCKCR?@MJGQKBSPGLECVCPAGQC?LBRGKC RPG?JNCPDMPK?LAC) NNJ/FWQGMJ
     !SPJCQML ,  )P  .!PW?LR '2  2RMLC ,'  CR ?J $DDCAR MD UCGEFR RP?GLGLE CVCPAGQC ?LB RPC?BKGJJ CVCPAGQC ML NMQR
    CVCPAGQCMVWECLAMLQSKNRGML,CB2AG2NMPRQ$VCPA
     "?GPLQ2/+?ARGA?AGB?LBCVCPAGQCNCPDMPK?LACASJNPGRMPDPGCLB2NMPRQ,CB
     "MLTCPRGLM 5  PKQRPMLE +$  "MWJC $%  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB CVCPAGQC ?LB
    ¥SGBPCNJ?ACKCLR,CB2AG2NMPRQ$VCPA GZTGG
     "MQRGJJ #+  "MWJC $%  %GLI 6%  CR ?J B?NR?RGMLQ GL QICJCR?J KSQAJC DMJJMUGLE QRPCLERF RP?GLGLE ) NNJ /FWQGMJ
    
     #?UQML! %GRXQGKMLQ, &PCCL2 CR?J"F?LECQGLNCPDMPK?LAC KSQAJCKCR?@MJGRCQ CLXWKCQ?LB¤@PCRWNCQ?DRCP
    QFMPRQNPGLRRP?GLGLE$SP) NNJ/FWQGMJ.AASN/FWQGMJ
     %?GPAFGJB 3)  PKQRPMLE  1?M  CR ?J &JWAMECL QWLRFCQGQ GL KSQAJC ¤@CPQ BSPGLE ?ARGTC PCAMTCPW DPMK GLRCLQC
    CVCPAGQC,CB2AG2NMPRQ$VCPA
     %GRRQ1"CJJSJ?P KMJCASJ?P ?LBKCR?@MJGA@?QGQMDKSQAJCD?RGESC(L'?LB@MMIMD/FWQGMJMEW$VCPAGQC1CESJ?RGML
    ?LB(LRCEP?RGMLMD,SJRGNJC2WQRCKQ!CRFCQB? ,# KCPGA?L/FWQGMJMEGA?J2MAGCRW 
     &?GR?LMQ&" 6GJJG?KQ" !MM@GQ+' CR?J'SK?LKSQAJCKCR?@MJGQKBSPGLEGLRCPKGRRCLRK?VGK?JCVCPAGQC) NNJ
    /FWQGMJ
     &J?BBCL +! 3FC PMJC MD QICJCR?J KSQAJC GL J?AR?RC CVAF?LEC BSPGLE CVCPAGQC GLRPMBSARGML ,CB 2AG 2NMPRQ $VCPA
    
     &P?F?K32ICJCR?JKSQAJC?KGLM?AGBKCR?@MJGQK?LB?KKMLG?NPMBSARGMLBSPGLECVCPAGQC(L$VCPAGQC,CR?@MJGQK
    "F?KN?GEL (+'SK?L*GLCRGAQ 
     &PCGUC)2 'GAILCP1" '?LQCL/ CR?J$DDCARQMDCLBSP?LACCVCPAGQCRP?GLGLEMLKSQAJCEJWAMECL?AASKSJ?RGMLGL
    FSK?LQ) NNJ/FWQGMJ
     &PMDD )  &PMNNCP 2 BT?LACB -SRPGRGML ?LB 'SK?L ,CR?@MJGQK !CJKMLR  "  6?BQUMPRF3FMKNQML +C?PLGLE
    
     'MJJMQXW). B?NR?RGMLMDQICJCR?JKSQAJCRMCLBSP?LACCVCPAGQC,CB2AG2NMPRQ
     '?UJCW )  2RCNRM -* B?NR?RGMLQ RM RP?GLGLE GL CLBSP?LAC AWAJGQRQ GKNJGA?RGMLQ DMP NCPDMPK?LAC 2NMPRQ ,CB
    
     'MU?JB' 'MNNCJCP' "J??QQCL' CR?J(L¥SCLACQMDCLBSP?LACRP?GLGLEMLRFCSJRP?QRPSARSP?JAMKNMQGRGMLMDRFC
    BGDDCPCLRKSQAJC¤@CPRWNCQGLFSK?LQ/¥SECPQ PAF
     )MLCQ , "?PRCP'3FCCDDCARMDCLBSP?LACRP?GLGLEMLN?P?KCRCPQMD?CPM@GA¤RLCQQ2NMPRQ,CB
     *?LE )  'MDDK?L )1  (K )  CR ?J $T?JS?RGML MD NFWQGMJMEGA?J PCQNMLQCQ BSPGLE PCAMTCPW DMJJMUGLE RFPCC PCQGQR?LAC
    CVCPAGQCNPMEP?KQ)2RPCLERF"MLB1CQ
     *GCLQ! $QQCL &SQR?TQQML! "FPGQRCLQCL-) CR?J2ICJCR?JKSQAJCQS@QRP?RCSRGJGX?RGMLBSPGLEQS@K?VGK?JCVCPAGQC
    GLK?LCDDCARMDCLBSP?LACRP?GLGLE)/FWQGMJ
     *MKG/ 2SMKGLCL' 'CGIIGLCL$ CR?J$DDCARQMDFC?TWPCQGQR?LAC?LBCVNJMQGTC RWNCQRPCLERFRP?GLGLEKCRFMBQML
    KCAF?LGA?J  DSLARGML?J  ?LB KCR?@MJGA ?QNCARQ MD NCPDMPK?LAC (L *MKG /5  CB $VCPAGQC ?LB 2NMPR !GMJMEW
    "F?KN?GEL (+'SK?L*GLCRGAQ 
     *MTCQ 31  -MJ?LB 1"  !?RCQ +  CR ?J 2S@Q?PAMJCKK?J ?LB GLRCPKWM¤@PGJJ?P KGRMAFMLBPG? NJ?W BGQRGLAR PMJCQ GL
    PCESJ?RGLEQICJCR?JKSQAJCD?RRW?AGBKCR?@MJGQK K)/FWQGMJ"CJJ/FWQGMJ"
     *P?CKCP6) 5MJCI)2 "J?PI*+ CR?J(L¥SCLACMDCVCPAGQCRP?GLGLEMLNFWQGMJMEGA?J?LBNCPDMPK?LACAF?LECQUGRF
    UCGEFRJMQQGLKCL,CB2AG2NMPRQ$VCPA
     *S@SICJG9- -M?ICQ3# #CLLGQ2"3P?GLGLERCAFLGOSCQRMGKNPMTCCLBSP?LACCVCPAGQCNCPDMPK?LACQ2NMPRQ,CB
    
     +?K@ &#  2RCNFCLQML #& /MGLR J?ARGA ?AGB ?AASKSJ?RGML GQ ?L ?BT?LR?EC BSPGLE KSQAJC ?ARGTGRW ) NNJ /FWQGMJ
    
     ,?A#MSE?JJ )#  'GAIQ +  ,?A#ML?JB )1  CR ?J ,SQAJC NCPDMPK?LAC ?LB CLXWK?RGA ?B?NR?RGMLQ RM QNPGLR GLRCPT?J
    RP?GLGLE) NNJ/FWQGMJ
     ,?A#MSE?JJ )#  6?PB &1  2?JC #&  CR ?J !GMAFCKGA?J ?B?NR?RGML MD FSK?L QICJCR?J KSQAJC RM FC?TW PCQGQR?LAC
    RP?GLGLE?LBGKKM@GJGX?RGML) NNJ/FWQGMJ
     ,A+CJJ?L3, 2IGLLCP)2!JMMBJ?AR?RCPCKMT?JBSPGLE?ARGTCPCAMTCPWPCJ?RCBRM?L?CPM@GARFPCQFMJB(LR)2NMPRQ
    ,CB
     ,CJ@M) &P?KTGI/ )C@CLQ$ CPM@GA?LB?L?CPM@GACLCPEWPCJC?QCBBSPGLE?LBQ@GAWAJCQNPGLRQ AR?*GLCQGMJ
    4LGT3?PRSCLQGQ
     ,CJ@W"+ 3GLAILCJJ3 2AFKGBR6#$LCPEWCVNCLBGRSPCDMJJMUGLE?@MSRMDLML QRC?BWQR?RCPCQGQR?LACCVCPAGQC)
    2NMPRQ,CB/FWQ%GRLCQQ
     ,CWCP 1  6GQCK?L 1 3FC KCR?@MJGA QWQRCKQ AMLRPMJ MD ?RN QWLRFCQGQ GL QICJCR?J KSQAJC (L "2,Q BT?LACB
    $VCPAGQC/FWQGMJMEW/FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ 
     /?PP? )  "?BCD?S )  1MB?Q &  CR ?J 3FC BGQRPG@SRGML MD PCQR NCPGMBQ ?DDCARQ NCPDMPK?LAC ?LB ?B?NR?RGMLQ MD CLCPEW
    KCR?@MJGQKGLBSACB@WFGEF GLRCLQGRWRP?GLGLEGLFSK?LKSQAJC AR?/FWQGMJ2A?LB
     1GAM 2?LX) 1?LIGLCL3 )M?LGQQC#1 CR?J%?KGJG?JPCQCK@J?LACDMPKSQAJCNFCLMRWNCQGLRFC'$1(3 &$%?KGJW
    2RSBW,CB2AG2NMPRQ$VCPAZ
     1MB?Q& 5CLRSP?)+ "?BCD?S) CR?J QFMPRRP?GLGLENPMEP?KKCDMPRFCP?NGBGKNPMTCKCLRMD@MRF?CPM@GA?LB
    ?L?CPM@GAKCR?@MJGQK$SP) NNJ/FWQGMJ
     1MQQ  +CTCPGRR , +MLE RCPK KCR?@MJGA ?LB QICJCR?J KSQAJC ?B?NR?RGMLQ RM QFMPR QNPGLR RP?GLGLE GKNJGA?RGMLQ DMP
    QNPGLRRP?GLGLE?LBR?NCPGLE2NMPRQ,CB
     2NCLACP, !GQFMN# #?UQML! CR?J/FWQGMJMEGA?J?LBKCR?@MJGAPCQNMLQCQMDPCNC?RCB QNPGLR?ARGTGRGCQQNCAG¤ARM
    ¤CJB @?QCBRC?KQNMPRQ2NMPRQ,CB
     2NCLACP,1 &?QRGL/!$LCPEWQWQRCKAMLRPG@SRGMLBSPGLE RM KPSLLGLEGLFGEFJWRP?GLCB?RFJCRCQ,CB
    2AG2NMPRQ$VCPA
     2R?PI ' ,?B?P9.JGTCMGJ?Q?DSLARGML?JDMMBCNGBCKGMJMEW?LBLSRPGRGML?J?NNPM?AFCQ-SRP1CT
     3CQAF /  JILCP ! ASRC ?LB AFPMLGA KSQAJC KCR?@MJGA ?B?NR?RGMLQ RM QRPCLERF RP?GLGLE (L *MKG /5  CB 2RPCLERF
    ?LB/MUCPGL2NMPRLBCB.VDMPB $LEJ?LB!J?AIUCJJ2AGCLRG¤A 
     3CQAF/ *MKG/5 '?IIGLCL*$LXWK?RGA?B?NR?RGMLQAMLQCOSCLRRMJMLE RCPKQRPCLERFRP?GLGLE(LR)2NMPRQ,CB
     QSNNJ 
     3SPAMRRC +  1GAFRCP $  *GCLQ ! +GNGB KCR?@MJGQK BSPGLE CVCPAGQC (L '?PEP?TCQ ,  CB $VCPAQGC ,CR?@MJGQK
    "F?KN?GEL (+'SK?L*GLCRGAQ 
     8MQFGB? 3  4BM ,  (U?G *  CR ?J 2GELG¤A?LAC MD RFC AMLRPG@SRGML MD ?CPM@GA ?LB ?L?CPM@GA AMKNMLCLRQ RM QCTCP?J
    BGQR?LACPSLLGLENCPDMPK?LACQGLDCK?JC?RFJCRCQ$SP) NNJ/FWQGMJ.AASN/FWQGMJ

    
    PBGEM+/ &MMQCW 3MJDPCW5+ CR?J!GMKCAF?LGAQ?LBCLCPECRGAQMD@?QICR@?JJUFCCJAF?GPQCTMJSRGML(LR)2NMPRQ,CB
     Z
    !CLCIC 1  /MJJK?LL "  !JCGD (  CR ?J 'MU ?L?CPM@GA GQ RFC 6GLE?RC L?CPM@GA 3CQR DMP FSK?LQ $SP ) NNJ /FWQGMJ
     Z
    !GJJ?R 5+  +CNPCRPC /,  'CSE?Q ,  CR ?J $LCPECRGAQ MD KGBBJC BGQR?LAC PSLLGLE NCPDMPK?LACQ GL K?JC ?LB DCK?JC
    HSLGMPSQGLERP?AIKC?QSPCKCLRQ)NL)/FWQGMJ Z
    "?NCJJG" /CLBCPE?QR#1 3CPKGL!$LCPECRGAQMDQUGKKGLE?RK?VGK?JQNCCBQGLFSK?LQ$SP) NNJ/FWQGMJ.AASN
    /FWQGMJ Z
    "CPPCRCJJG/ 5CGAQRCGL?Q %SK?E?JJG, CR?J$LCPECRGAQMDGQMKCRPGACVCPAGQCGLK?L) NNJ/FWQGMJ Z
    
    "F?LAC! (K) -GMI?2 CR?J2ICJCR?JKSQAJCCLCPECRGAQUGRF/-,1NCPQML?JTGCUQ?LBFGQRMPGANCPQNCARGTCQ-,1
    !GMKCB Z
    "F?Q?L 3?@CP+ %PCCBQML/2 1M@CPRQ#$ CR?J$LCPEWCVNCLBGRSPCMDQCJCARCBFMSQCFMJB?ARGTGRGCQBSPGLENPCEL?LAW
    1CQ0$VCPA2NMPR Z
    "MQRGJJ# LMTCPTGCUMDRFC-CU8MPI?A?BCKWMDQAGCLACKCCRGLE2NMPRQ,CB Z
    #? 2GJT? ,$  %CPL?LBCX ),  "?QRGJJM $  CR ?J (L¥SCLAC MD TG@P?RGML RP?GLGLE ML CLCPEW CVNCLBGRSPC GL ?ARGTC KCL )
    2RPCLERF"MLB1CQ Z
    #G &GSJGM "  #?LGCJC %  3GNRML ", LECJM ,MQQM ?LB KSQASJ?P D?RGESC  WC?PQ ?DRCP RFC ¤PQR "MLEPCQQ MD
    /FWQGMJMEGQRQ(4/2AMKKCKMP?RGML BT/FWQGMJ$BSA Z
    #G/P?KNCPM/$ "?NCJJG" /?EJG?PM/ CR?J$LCPECRGAQMD@CQRNCPDMPK?LACQGLKGBBJC BGQR?LACPSLLGLE) NNJ/FWQGMJ
     Z
    #G/P?KNCPM/$ %P?LACQA?RM,/ "CRRMJM5$LCPECRGAQMDKSQASJ?PCVCPAGQC?RUMPIMLQCRRFCQRC?BW QR?RC?NNPM?AF
    /¥SECPQ PAF Z
    %MPKCLRG% ,GLCRRG $'SK?LJMAMKMRGMLMLGACRFCCTMJSRGMLMDGAC QI?RGLECLCPECRGAQRFPMSEFFGQRMPW)$VN!GMJ
    NR Z
    '?ECPK?L%" NNJGCBNFWQGMJMEWMDPMUGLE2NMPRQ,CB Z
    'SLRCP&1 !WPLC-,/FWQGA?J?ARGTGRW?LBKSQAJCDSLARGML@SRLMRPCQRGLECLCPEWCVNCLBGRSPCGKN?ARMLUCGEFRE?GL)
    2RPCLERF"MLB1CQ Z
    (QAMC *$  "?KN@CJJ )$  )?KLGI 5  CR ?J $D¤A?AW MD AMLRGLSMSQ PC?J RGKC @JMMB EJSAMQC KMLGRMPGLE BSPGLE ?LB ?DRCP
    NPMJMLECB FGEF GLRCLQGRW AWAJGLE CVCPAGQC QNGLLGLE UGRF ? AMLRGLSMSQ EJSAMQC KMLGRMPGLE QWQRCK #G?@CRCQ 3CAFLMJ
    3FCP Z
    )MLCQ)' +GLBQRCBR2++GKGRQRMK?VGK?JNCPDMPK?LAC LLS1CT/FWQGMJZ
    *?LCIM,,CAF?LGAQ?LBCLCPECRGAQGLPSLLGLEUGRFQNCAG?JPCDCPCLACRMCD¤AGCLAW)!GMKCAFQSNNJ Z
    *?LCIM ,  ,GW?RQSHG *  3?L?@C 2 $LCPEW CVNCLBGRSPC UFGJC NCPDMPKGLE EWKL?QRGA JGIC KMRGML GL QN?ACJ?@ BSPGLE
    QN?AC¥GEFRA?QCQRSBW NNJ/FWQGMJ-SRP,CR?@ Z
    +CCQ 5?LPCLRCPEFCK) #C"JCPAO#3FCCLCPECRGAQ?LB@CLC¤RMD?L?PKQUGLEGLQS@K?VGK?J?LBK?VGK?JTCPRGA?J
    HSKNNCPDMPK?LAC)2NMPRQ2AG Z
    +CKKGLI *  5GQQAFCP 2' 1MJC MD CLCPEW QWQRCKQ GL RUM GLRCPKGRRCLR ¤CJB RCQRQ GL UMKCL ¤CJB FMAICW NJ?WCPQ )
    2RPCLERF"MLB1CQ Z
    ,A"?LL #)  ,MJC /  "?RML )1 /FMQNFMAPC?RGLC IGLCRGAQ GL FSK?LQ BSPGLE CVCPAGQC ?LB PCAMTCPW ,CB 2AG 2NMPRQ
    $VCPA Z
    ,A-CGJJ 1$LCPECRGAQ?LBMNRGKGX?RGMLMDFSK?LU?JIGLE?LBPSLLGLERFC1?WKMLB/C?PJKCKMPG?JJCARSPC K
    )'SK!GMJ Z
    2AMRR "! "MLRPG@SRGML MD @JMMB J?AR?RC RM RFC CLCPEW CVNCLBGRSPC MD UCGEFR RP?GLGLE ) 2RPCLERF "MLB 1CQ
     Z
    3?LE )$  '?PRK?L )6  /FGJJGNQ 2, (LAPC?QCB KSQAJC MVGB?RGTC NMRCLRG?J DMJJMUGLE PCQGQR?LAC RP?GLGLE GLBSACB ¤@PC
    FWNCPRPMNFWGLWMSLEKCL NNJ/FWQGMJ-SRP,CR?@ Z
    8?QSB?- 1S@W!" &?QIGJJ2$2S@QRP?RCMVGB?RGMLBSPGLEGLAPCKCLR?J?PK?LBJCECVCPAGQCGLKCL?LBUMKCLK?RAFCB
    DMPTCLRGJ?RMPWRFPCQFMJB)2NMPRQ2AG Z
    9?KN?PM/ "?NCJJG" &SCPPGLG&$LCPECRGAQMDI?W?IGLE?RQS@K?VGK?J?LBK?VGK?JQNCCBQ$SP) NNJ/FWQGMJ.AASN
    /FWQGMJ Z

    .+
    #GJJ#! %MJJGLE 2RSBGCQGLKSQASJ?P?ARGTGRW ((?LMKMEP?NFGABCQAPGNRGMLMDCVNGPCB?GP)/FWQGMJ Z
    
    #GJJ #!  8MSQCD ,*  5GRCX 32  CR ?J ,CR?@MJGA M@QCPT?RGMLQ ML "?SA?QG?L KCL ?LB UMKCL ?ECB  RM  WC?PQ )
    &CPMLRMJ Z
    'GJJ 5"?JMPGKCRPGA?JCVNCPGKCLRQMLU?PK @JMMBCB?LGK?JQ)/FWQGMJ Z
    'GJJ 53FC?@QMJSRCKCAF?LGA?JCD¤AGCLAWMDRFCAMLRP?ARGMLMD?LGQMJ?RCBKSQAJC)/FWQGMJ Z
    'GJJ 53FCCLCPEWBCEP?BCBGLRFCPCAMTCPWNPMACQQCQMDQRGKSJ?RCBKSQAJCQ)/FWQGMJ Z
    1M@GLQML2 #GJJ#! 1M@GLQML1# CR?J/FWQGMJMEGA?J?EGLEMDAF?KNGMLPSLLCPQ) NNJ/FWQGMJ Z
    6FGNN !)  !P?W &  *MW?J 2- $VCPAGQC CLCPECRGAQ GL LMPK?J K?L DMJJMUGLE ?ASRC UCGEFR E?GL K ) "JGL -SRP
     Z

     -13 $QQ? CVNPCQQŽM LŽM RCK SK? RP?BSŽM ?BCOS?B? CK NMPRSES‘Q $LRPCR?LRM  ?JESLQ ?SRMPCQ ? QS@QRGRSCK NCJM
    RCPKMYOSC@P?^.RCPKMYOSC@P?^PCDCPCLRCBCNJCŽMBMQCQRMOSCQBCEJGAME‘LGMLMD”E?BMC​KžQASJMQNPMKMTCLBM
    D?BGE?GLRCLQ?CPCBSŽMBMPGRKMGKNMQRM
    2
    !

     ( $!$ $,'< $
     ()"($'%$' (
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      "RJFC=;L=IGII​GšM=OFI?MKO?FŒNC=IJLI>OT@IL‹;?GIPCG?HNIHI=ILJI
      !?M=L?P?L ; ;H;NIGC; ?MNLONOL;F >I GšM=OFI ?MKO?FŒNC=I
     CH=FOMCP? IM >C@?L?HN?M =IGJIH?HN?M >I
    M;L=–G?LI;IFIHAI>;M@;M?M>;;‹ŠI​GOM=OF;L
      )CMN;L;MNŒ=HC=;MBCMNIKO​GC=;MKO?MŠIONCFCT;>;MJ;L;C>?HNCV=;LIMNCJIM>?V<L;Gl M=OF;L
      )CMN;L IM >C@?L?HN?M NCJIM >? V<L; d d C=; >; GCIMCH;
    OM=OF;L ONCFCT;H>I I ?MKO?G; >? ;H†FCM? BCMNIKO
    1-;M?
      !CM=ONCL I J;J?F >IM NCJIM >? V<L; GOM=OF;L ? =IGI ?F?M M? L?F;=CIH;G =IG IM >C@?L?HN?M NCJIM >?
    >?M?GJ?HBIM?MJILNCPIM
      !CM=ONCL;M=;J;=C>;>?M>?JLI>O‹ŠI>?@IL‹;
    CH=FOMCP?IMNCJIM>?;‹ŠIGOM=OF;L
      "RJFC=;L;JLIJLCI=?J‹ŠIHI​GšM=OFI?IM?HNC>I=CH?MNŒMC=I
    CH=FOMCP?IMJ;JŒC​M>IM@OMIM​GOM=OF;​L?M?
    >IM•LAŠIMN?H>CHIMIM>?$IFAC
      )CMN;L;M;JFC=;‹™?MJL†NC=;MJ;L;;MGO>;H‹;MHIGšM=OFI?MKO?FŒNC=IL?F;=CIH;>;M=IGINL?CH;G?HNI

    CH=FOMCP?IM?@?CNIM?MJ?=V=IM>?NL?CH;G?HNIL?F;=CIH;>IM=IG?R?L==CIM>?&-*&?>?L?MCMNH=C;
    H;BCJ?LNLIV;GOM=OF;L?H;NL;HMC‹ŠI>IMO<NCJI>?V<L;Gl M=OF;L
      "RJFC=;L IM ?@?CNIM >I NL?CH;G?HNI MCGOFN‡H?I >? ;FN; CHN?HMC>;>? >? &-*& ? >? L?MCMNH=C; H;
    BCJ?LNLIV;GOM=OF;L?H;NL;HMC‹ŠI>IMO<NCJI>?V<L;Gl M=OF;L

     ?M>?;=;J;=C>;>?>?F?P;HN;LG;CM>?
    EAHIB;FN?LIVFCMGI;NŒ;>?=ILL?LOG;
    G;L;NIH; ?G G?HIM >?  B ?  GCH
     ; ?MJŒ=C? BOG;H; >?GIHMNL; OG; P;LC;‹ŠI
    >L;G†NC=;>;M=;J;=C>;>?M>?>?M?GJ?HBI@MC=I#CAOL;  -I>? M?J?LAOHN;L
    U IGI
    JI>? M?L JIMMP?F N;HN; P;LC;‹ŠI @OH=CIH;F ?G OG; šHC=; ?MJŒ=C?[ "RCMN?G GOCN;M
    @OH‹™?M VMCIF•AC=;M KO? =IHNLC<O?G J;L; OG >?M?GJ?HBI >? ?R?L==CI  2G >?MM?M
    =IHNLC<OC>IL?M Œ I MCMN?G; ​GOM=OFI?MKO?FŒNC=I
     KO? Œ ;<IL>;>I H?MN? =;JNOFI  
    ?MNLONOL; ? ; @OH‹ŠI >I <B2D;> 4B@D4;tC82>
     KO? Œ I ​GšM=OFI FCA;>I ; OG IMMI ?G
    ;G<;M;MJIHN;M
    ;@?N;GJLI@OH>;G?HN?;=;J;=C>;>?>?L?;​FC​T;L?R?L==CI FŒG>CMMI

    JIL=;OM;>;L?F;‹ŠI@OH=CIH;FGOCNIJL•RCG;?HNL?IM​GšM=OFIM?MKO?FŒNC=IM?IMH?LPIM
    ;<IL>;>IM HI JL•RCGI =;JNOFI
     ;G<IM MŠI =IHB?=C>IM =IGI I B8BC4<0 =4DA>​
    <DB2D;0A
     KO? CHWO?H=C; JLI@OH>;G?HN? ; =;J;=C>;>? ;NFŒNC=;  MMCG
     JLIAL;G;M >?
    NL?CH;G?HNI >C@?L?HN?M JI>?G M?L >?M?HB;>IM JF;H?D;>IM J;L; @;PIL?=?L ;>;JN;‹™?M
    H?OLI​GOM=OF;​L?M ; VG >? ;OG?HN;L ; @IL‹; IO ; &-*&  "MJ?=CV=;G?HN?
     OG;
    =IG<CH;‹ŠI?HNL?;A?HŒNC=;?IMJLIAL;G;M>?NL?CH;G?HNI>?OGCH​>C​P​>OI>?N?LGCH;
    MO;M=;J;=C>;>?M>?>?M?GJ?HBI
    -;L; ;DO>;L ; =IGJL??H>?L ?MM?M =IH=?CNIM
     ?MN? =;JNOFI ;JL?M?HN; ; ?MNLONOL; >I
    GšM=OFI?MKO?FŒNC=I
    ;N?ILC;>IMVF;G?HNIM>?MFCT;HN?M
    ;;NCPC>;>? d OM=OF;L?IMNCJIM
    >?;‹ŠI​GOM=OF;L 1;G<ŒGMŠI;<IL>;>IMIMNCJIM>?V<L;d OM=OF;L
    ;M=;J;=C>;>?M>?
    JLI>O‹ŠI >? @IL‹; ? ; JLIJLCI=?J‹ŠI ;JFC=;>; J;L; I M?HNC>I >? =CH?MN?MC;  -IL VG
     B†
    OG;CHNLI>O‹ŠI‰M;>;JN;‹™?M=F†MMC=;M>?NL?CH;G?HNIHIGšM=OFIJ;L;IMNL?CH;G?HNIM
    >??R?L==CIM>?&-*&?>?L?MCMNH=C;

    BCADCDA01oB8203><B2D;>4B@D4;tC82>

    NCQ?PB?BGTCPQGB?BCLMRŠTCJB?QA?N?AGB?BCQBCBCQCKNCLFMBCCVCPA”AGMQCKQCPCQFSK?LMQ MQGQRCK?LCSPM​KSQASJ?P
    BCA?B?NCQQM?QGKGJ?PCKQS?QCQRPSRSP?QCDSLCQ@ŠQGA?Q3MBMNPMEP?K?BCRPCGL?KCLRMGL¥SCLAG?PŠCK?JESKEP?S
    A?B?SKBMQAMKNMLCLRCQB?DSLŽM​KSQASJ?P!MVC 2CPŽMCV?KGL?B?Q?EMP??QCQRPSRSP?QDSLB?KCLR?GQBM​KžQASJM
    CQOSCJRGAMCCAMKMCJCNPMBSXDMP?CKMTGKCLRM
    /?P? CLRCLBCP ? CQRPSRSP? BM KžQASJM CQOSCJRGAM  GLGAG?  QC AMK M KžQASJM GLR?ARM C AMLRGLS? QC ? DP?EKCLRŠ JM CK
    AMKNMLCLRCQ MPE?LGX?AGML?GQ A?B? TCX KCLMPCQ $QQCQ AMKNMLCLRCQ MPE?LGX?AGML?GQ @ŠQGAMQ B? CQRPSRSP? KSQASJ?P
    CQOSCJRGA? QŽM KMQRP?BMQ L? %GESP?  . KžQASJM GLR?ARM  AMLCAR?BM ?M MQQM CK A?B? NMLR? NCJMQ RCLBCQ  OSC QŽM
    @?LB?QBCRCAGBMAMLCARGTM¤@PMQMCDMPRC Q?CQBMKžQASJM?EGLBMNMPGLRCPKBGMBMQRCLBCQN?P?KMTCPMQMQQMQ
    NPMBSXCK M KMTGKCLRM FSK?LM . KžQASJM GLR?ARM  DMPK?BM NMP KSGRMQ D?QA”ASJMQ "?B? D?QA”ASJM  SK NCOSCLM
    AMLHSLRM BC ¤@P?Q KSQASJ?PCQ  AJSJ?Q KSJRGLSAJC?B?Q JMLE?Q OSC NPMBSXCK DMP? OS?LBM QŽM CQRGKSJ?B?Q "?B? ¤@P?
    KSQASJ?P  DMPK?B? NMP KGM¤@PGJ?Q  MS ? N?PRC BC KžQASJM AMKNMQR? NMP KGM¤J?KCLRMQ ¤LMQ C EPMQQMQ AF?K?BMQ BC
    ?ARGL?CKGMQGL? PCQNCARGT?KCLRC OSCQŽMAMLFCAGB?QAMKM?QYNPMRC”L?QAMLRPŠRCGQ^BMKžQASJM

    86DA0   %A60=8H0sr> 1oB820 3> ​<B2D;> 4B@D4;tC82> M V<L;M d i ?M MŠI ;ALOJ;>;M ?G @;M==OFIM ?
    OM=OF;
    GOCNIM@;M==OFIM@ILG;GI​GšM=OFICHN;=NI  ;>;V<L; d OM=OF;L=IHNŒGOG@?CR?>?GCIV<LCF;M MJLIN?HXM>;
    GCIV<LCF;
    ;=NCH;VF;G?HNIMVHIM?GCIMCH;VF;G?HNIMALIMMIM
    @ILG;G;OHC>;>?=IHNL†NCF
    IOM;L=–G?LI
    KO?
    P;C>?FCHB;7;FCHB;7 "RCMN?G>C@?L?HN?M<;H>;M=IG<;M?H;;‹ŠI? IOMI<L?JIMC‹ŠI>;GCIMCH;?G>C@?L?HN?M
    ?MN†ACIM>I?H=OLN;G?HNIIO;FIHA;G?HNI
    +64:5@4@?64E:G@
    . RCAGBM AMLCARGTM LM ​KžQASJM BCQCKNCLF? SK N?NCJ KSGRM GKNMPR?LRC  ?HSB?LBM ? CQR?@GJGX?P C QSQRCLR?P MQ TŠPGMQ
    AMKNMLCLRCQ MPE?LGX?AGML?GQ BM ​KžQASJM CQOSCJRGAM 0S?LBM M RCAGBM AMLCARGTM  NCPBGBM BCTGBM ? SK? JCQŽM MS SK
    B?LM GLBSXGBM NMP CVCPA”AGM N CV  KGAPMRP?SK?RGQKM ?M ​KžQASJM PCQSJR?LBM CK JCQCQ NMP QM@PCA?PE?  ? DMP? C ?
    NMR‘LAG?BM​KžQASJMQŽMPCBSXGB?Q.RCAGBMAMLCARGTMCLTMJTCM​KžQASJMCKA?B?SKBMQQCSQL”TCGQMPE?LGX?AGML?GQ
    AMK M 5@9=oC9? PCAM@PGLBM M ​KžQASJM GLRCGPM  M @5B9=oC9? AM@PGLBM MQ AMLHSLRMQ BC ¤@P?Q h SQASJ?mCQ D?QA”ASJMQ  C M
    5>4?=oC9?PCAM@PGLBM?Q¤@P?Q h SQASJ?mCQGL_ GqG_ S?GQ%GESP? 

    !&  -, 


    ;8-+1t+1,),-,7<:-16)5-6<7
    v GKNMPR?LRC K?LRCP CK KCLRC OSC AMK M RPCGL?KCLRM D”QGAM A?B? SK BMQ AMKNMLCLRCQ MPE?LGX?AGML?GQ BM ​
    KžQASJM BCQBC?QKGM¤@PGJ?Q?RMh žQASJMGLR?ARM QMDPCPŠKSB?L?Q MS141@D1kv5C N?P?Q?RGQD?XCP?QBCK?LB?Q
    CQNCA”¤A?Q BM CVCPA”AGM JK BGQQM  ?Q DMP?Q NPMBSXGB?Q NCJM h žQASJM QCPŽM RP?LQDMPK?B?Q CK ?B?NR?CQ LMQ
    RCLBCQCLMQMQQMQ#CQQ?K?LCGP? MBCQCLTMJTGKCLRMBCNPMEP?K?QBCRPCGL?KCLRMD”QGAM™RGKMQLŽMRPGTG?J HŠ
    OSC?QCQNCAG¤AGB?BCQB?QBCK?LB?QDCGR?Q?MQ h žQASJMQPCQSJR?KCK?B?NR?CQKSGRMCQNCA”¤A?QMSPCQSJR?BMQBC
    RPCGL?KCLRMD”QGAM(QQMQCRMPLMSAMLFCAGBMAMKMMNPGLA”NGMB?5C@539{3941454?DB59>1=5>D?6oC93?

    86DA0  *4283>2>=42C8E>=>​<B2D;>4B@D4;tC82>,N?=C>I=IH?=NCPI>?M?GJ?HB;OGJ;J?FCGJILN;HN?HI
    GšM=OFI?MKO?FŒNC=I
    >?M>?;MFCA;‹™?M>IMN?H>™?M;IIMMI;NŒ;M=;G;>;M>?N?=C>I=IH?=NCPIKO?ILA;HCT;G
    VLG?G?HN?I d šM=OFI?MKO?FŒNC=I?GM?OM>C@?L?HN?M=IGJIH?HN?M>I d šM=OFICHN?CLI;NŒIM;L=–G?LI MV<L;M
    GOM=OF;​L?M MŠI ;ALOJ;>;M ?G OG @;M==OFI ? GOCNIM @;M==OFIM @ILG;G I ​GšM=OFI CHN?CLI  , N?=C>I =IH?=NCPI
    ?HPIFP? =;>; HP?F >? ILA;HCT;‹ŠI
     CH=FOMCP? I ?JCGMCI
     KO? =I<L? I ​GšM=OFI NI>I I J?LCGMCI
     KO? =I<L? =;>;
    @;M==OFI ? I ?H>IGMCI
     KO? =I<L? =;>; V<L; d OM=OF;L   , J?LCGMCI
     I ?H>IGMCI ? ;M V<L;M d OM=OF;i ?M
    CH​>C​PC​>O;CMJI>?GM?LPCMNIM?GOG=ILN?NL;HMP?LM;F>I​GšM=OFI
    !&  -, 
    -6;-)6<-;,-;-)476/):
    4K?QPGCBCCQRSBMQRCKBCKMLQRP?BMOSCM?JMLE?KCLRMNMBCQCPNPCHSBGAG?JNPMBSŽMBCDMP?   EMP?
    N?PCAC OSC CQQ? NCPB? BC DSLŽM QC BCTC ?M D?RM BC OSC M ?JMLE?KCLRM NMBC CQRGP?P MQ AMKNMLCLRCQ CJŠQRGAMQ BM
    KžQASJM PCBSXGLBM?QQGK?QDMP?QBCPCASMBMKžQASJM(QQMNMBCQCPCQNCAG?JKCLRCTCPB?BCGPMQCM?JMLE?KCLRM
    DMPPC?​JG​X?BMJMEM?LRCQBCSKCTCLRMNCV NSJM?JRM #CQQ?K?LCGP? QC?NMR‘LAG? ?TCJMAGB?BC C?RKCQKM?
    DMP?NMBCKQCPPCBSXGB?QOS?LBMM?JMLE?KCLRMPC?​JG​X?BMGKCBG?R?KCLRC?LRCQBMCQDMPM BCTC QCAMLQGBCP?P
    BCKMBMASGB?BMQMOS?LBMQCBCTC?JMLE?P#CSK?NCPQ​NCARGT?NPŠRGA? ?LRCQBCSKCTCLRM?RJRGAM SKGL​BG​T”​BSM
    BCTCPG? PC?​JG​X?P SK ?OSCAGKCLRM BGL‹KGAM AMK AGAJGQKM JCTC MS AMPPGB? ?JMLE?KCLRM CQRŠRGAM JMEM ?LRCQ BC SK
    CTCLRM OSC PCOSCGP? BCQCLTMJTGKCLRM KŠVGKM BC DMP? MS BCQCLTMJTGKCLRM BC NMR‘LAG? BCTC QCP ?@MJGBM .
    RPCGL?KCLRMBC¥CVG@GJGB?BCBCTCQCPPC?gGu?BM@CK?LRCQBMQCQDMPMQOSCPCOSCGP?KBCQCLTMJTGKCLRMKŠVGKMBC
    DMP?CKNCP”M​BMQBC?PPCDCAGKCLRMMSCKMSRPMKMKCLRMCKOSCTCJMAGB?BC DMP?CNMR‘LAG?LŽMQCH?K?DCR?B?Q
    LCE?RGT?KCLRC

    .RCAGBMAMLCARGTMTGR?JN?P?MBCQCKNCLFMD”QGAMNMPTŠPGMQKMRGTMQ/PGKCGP?KCLRC ?QA?K?B?QBCRCAGBMAMLCARGTM
    BM ​KžQASJM AM?JCQACK N?P? DMPK?P MQ RCLBCQ CK A?B? CVRPCKGB?BC BM ​KžQASJM  ?HSB?LBM ? ?QQCESP?P OSC A?B? DMP?
    NPMBSXGB? NCJM ​KžQASJM QCPŠ RP?LQDCPGB? N?P? M RCLBŽM C  CK žJRGK? ?LŠJGQC  N?P? MQ MQQMQ $K QCESLBM JSE?P  M
    CLBMK”QGM?HSB??NPCTCLGPOSCMQGL?JN?P???RGT?ŽM​KSQASJ?PQCCQN?JFCBCSK?¤@P?h SQASJ?PN?P?SK?¤@P??BH?ACLRC
    (QQM  LCACQQŠPGM N?P? NMQQG@GJGR?P M AMLRPMJC ¤LM B? ?RGT?ŽM BC ¤@P?Q GLBdTdBp?GQ  NMQQG@GJGR?LBM OSC M AMPNM AMLRPMJC
    CQNCAG¤A?KCLRC ? NPMBSŽM BC DMP? C ? ?HSQRC  R?PCD? CK OSCQRŽM TCP "?N”RSJM   $K RCPACGPM JSE?P  ?Q A?K?B?Q BC
    RCAGBM AMLCARGTM ​KSQASJ?P DMPK?K M 3?=@?>5>D5 5<gCD93? BM ​KžQASJM  OSC AMLRPG@SG N?P? ? NPMBSŽM BC DMP? C
    NMR‘LAG? %MG BCKMLQRP?BM OSC M ?JMLE?KCLRM JMEM ?LRCQ BC SK CTCLRM BC DMP? MS NMR‘LAG? NMBC  BC D?RM  PCBSXGP ?
    A?N?AGB?BCBCNMR‘LAG?BMQAMKNMLCLRCQCJŠQRGAMQ!MVC 
    .AMKNMLCLRCCJŠQRGAMBMRCAGBMAMLCARGTMSKAMJ?@MP?BMPTGR?JN?P?M393<?455CD9B1=5>D?5>3EBD1=5>D? OSC
    AMLQGQRC LM ?JMLE?KCLRM ​KSQASJ?P AMLRPMJ?BM ?ŽM 5H3m>DB931  QCESGBM NMP SK CLASPR?KCLRM ​KSQASJ?P PŠNGBM ?ŽM
    3?>3m>DB931   DMP? NPMBSXGB? NCJM AMKNMLCLRC CJŠQRGAM  ?LŠJME?  DMP? CLTMJTGB? AMK M PCASM BC SK? RGP? BC
    @MPP?AF?BCNMGQBCRCPQGBMCQRGA?B?CQMJR?$LRPCR?LRM KMTGKCLRMQCKOSC??ŽMCVA‘LRPGA?MS?JMLE?KCLRM NPTG?
    LŽMQCESGB?GKCBG?R?KCLRCNCJMCLASPR?KCLRMPŠNGBM MS?ŽM​KSQASJ?PAMLA‘LRPGA?NCV AMKC?PSKNSJMTCPRGA?JB?
    NMQGŽMBCA™AMP?Q LŽMJCT?KT?LR?ECKQM@PCCQQ?NPMBSŽMBCDMP??BGAGML?B? PCQSJR?LBMCKSKL”TCJPCBSXGBMBC
    BCQCKNCLFM !MVC   +CT?P T?LR?ECK QM@PC CQQ? A?P?ARCP”QRGA? BM RCAGBM AMLCARGTM ​KSQASJ?P CK SK NPMEP?K? BC
    RPCGL?KCLRMD”QGAMNCV NJGMKCRPG?!MVC NMBCAMLRPG@SGPN?P?NPMBSŽM?SKCLR?B?BCDMP?CNMR‘LAG?

    !&  -, 


    :7>-8):);15-;57
    5MA‘NMBCTCPMCDCGRMBMAGAJMBCCQRGP?KCLRM CLASPR?KCLRMD?XCLBMSKCVNCPGKCLRMQGKNJCQ0S?JKMTGKCLRM
    NMQQG@GJGR?OSCTMA‘Q?JRCK?GQ?JRM/PGKCGPM ¤OSCL?NMQGŽMBCA™AMP?Q QCESPC?NMQGŽMCNSJCMK?GQ?JRMOSC
    NSBCP$KQCESGB? AMKCACBCSK?NMQGŽMCKNCBCQ?CKSKKMTGKCLRMAMLRPŠPGM?LRCQBCNSJ?PMK?GQ?JRM
    NMQQ”TCJ 3CLRC 5MA‘ QCLRGPŠ JMEM OSC SK Q?JRM AMK SK KMTGKCLRM AMLRPŠPGM  K?GQ ?JRM  C  LM J?@MP?R™PGM  SK?
    BGDCPCL?L?NMR‘LAG?CKSK?NJ?R?DMPK?BCDMP?NMBCQCPM@QCPT?B?CLRPCMQRGNMQBCQ?JRM

    !&  -, 


    @-:+h+1784175e<:1+7
    /JGMKCRPG?  SK RGNM BC RPCGL?KCLRM NMNSJ?P OSC SRGJGX? M AGAJM BC CQRGP?KCLRM CLASPR?KCLRM N?P? ?HSB?P LM
    BCQCLTMJTGKCLRMB?NMR‘LAG?​KSQASJ?P%MGBCKMLQRP?BMOSCMAGAJMBCCQRGP?KCLRM CLASPR?KCLRMNMBCAMLRPG@SGP
    AMK?B?NMR‘LAG?CKSK??RGTGB?BCBMRGNM?JMLE?KCLRM CLASPR?KCLRM AMKMCKQ?JRMQTCPRGA?GQKŠVGKMQ
    LCACQQŠPGMQN?P?BCQCKNCLFMQBCQ?JRMQ?JRMQ1C?JGX?LBMRPCGL?KCLRMQNJGMKRPGAMQ KCJFMPG?QL?TCJMAGB?BCCL?
    NMR‘LAG? NMBCK QCP ?JA?L?B?Q /JGMKCRPG? T?PG? B? @?GV? GLRCLQGB?BC Q?JRMQ CK N  ?MQ CVCPA”AGMQ BC ?JR?
    GLRCLQGB?BCQ?JRMQNPMDSLBMQMSOSCB?QBCBGDCPCLRCQ?JRSP?Q 
    $VCKNJMQBCCVCPA”AGMQNJGMKRPGAMQGLAJSCK

    /SJMQTCPRGA?GQBCN
    /SJMQJMLEMQ
    2?JRMQCNSJ?PAMPB?
    2?JRMQCKN
    2?JRMQNPMDSLBMQCOSCB?QBCBGDCPCLRCQ?JRSP?Q
    %JCVŽM@?RCLBMN?JK?Q
    1CNCRGŽML?@MJ?BCEGLŠQRGA?

    ! 

    6DECFEFC2@C82?:J24:@?2=5@​>ƒD4F=@x2D68F:?E6#ƒD4F=@:?E6:C@→#F:E@D72D4{4F=@D→:3C2D​>FD4F=2​C6D→#:@L3C:=2D→
    #:@L=2>6?E@D24E:?26>:@D:?2
    % E64:5@ 4@?64E:G@ ​>FD4F=2C x :>A@CE2?E6 A@CBF6 2;F52 2 6DE23:=:J2C 6 DFDE6?E2C E@52D 2D A@Cw‚6D 5@ ​>ƒD4F=@ 56D56 @ ​>ƒD4F=@
    :?E6:C@2Ex2DL3C2D[ FD4F=2`6D

    *2C4€>6C@
    .C1B3t=5B??KCLMPMS?K?GQ@ŠQGA?SLGB?BCAMLRPŠRGJBM​KžQASJMCQOSCJRGAMA?N?XBCNPMBSXGPDMP?CQCAMLRP?GP
    . ​KžQASJM CQOSCJRGAM R?K@K  AF?K?BM BC ​=wC3E<? 5CDB914? NMPOSC M ?PP?LHM BC ¤J?KCLRMQ BC NPMRC”
    i ?Q LM
    Q?PAšKCPM​KSQASJ?PNPMKMTCSK??N?P‘LAG?CKRGP?QMSCQRPG?B?QM@MKGAPMQA™NGM%GESP? 
    86DA0  % B0A2|<4A> t 0 D=83034 5D=28>=0; 2>=CAoC8; 3> ​<B2D;>  2G; L?JL?M?HN;‹ŠI AL†V=; >? OG
    M;L=–G?LI   2G; GC=LIAL;V; G;L=;H>I 1-;M?  ,M VF;G?HNIM >? GCIMCH; N;G<ŒG =B;G;>IM >? VF;G?HNIM
    ALIMMIM?IMVF;G?HNIM>?;=NCH;N;G<ŒG=B;G;>IM>?VF;G?HNIMVHIM@ILG;GIM;L=–G?LI 2GM;L=–G?LI
    =IGJF?NIP;C>?OG;FCHB;7;NŒ;JL•RCG;FCHB;7 .O;H>II=ILL?I?H=OLN;G?HNI
    IMVF;G?HNIM>?GCIMCH;?>?
    ;=NCH;>?MFCT;GOGMI<L?IIONLI
    @;T?H>I=IGKO?FCHB;M7>?OGM;L=–G?LI>?;JLIRCG?G
    86DA0  &A>C4w=0B =r> 2>=CAoC48B M JLIN?​H;M HŠI =IHNL†N?CM MŠI =B;G;>;M ;MMCG JILKO? ?F;M HŠI ?MNŠI
    ?HPIFPC>;M=IGIJLI=?MMI>?=IHNL;‹ŠI
    G;MG;HNG;MJLIN?​H;M=IHNL†N?CMHIFOA;LJ;L;KO??F;M?MN?D;G?G
    JLIRCGC>;>?OG;=IG;IONL;J;L;OG;FCA;‹ŠI>?GCIMCH;=IG;=NCH;•NCG;

    $KA?B?CVRPCKGB?BCBMQ?PAšKCPMCQRŽM?Q<9>81C0-MPCNMSQM CVGQRCK​ŠPC?QAJ?P?QBGQRGLR?QCKA?B?Q?PAšKCPM?
    J?>1LMKCGMBMQ?PAšKCPM OSCAMLRKKGMQGL? K?QLŽM?ARGL?C?Q21>41C JMA?JGX?B?QCK?K@?Q?QCVRPCKGB?BCQ
    BMQ?PAšKCPMCOSCAMLR‘K?NCL?Q¤J?KCLRMQBC?ARGL?$QQ?Q®PC?QN?PCACKAJ?P?QCKAMKN?P?ŽMAMK?21>41 OSC
    AMLRK¤J?KCLRMQBC?ARGL?CBCKGMQGL?QM@PCNMQRMQ <9>81# CLAMLRP?B?LMKCGMB?XML?' GKNMPR?LRC NMGQQS?Q
    NPMRC”​L?QK?LR‘KMQ¤J?KCLRMQBCKGMQGL?LMJSE?P
    "MLDMPKC M Q?PAšKCPM CLASPR?  MQ ¤J?KCLRMQ BC ?ARGL? BCQJGX?K QM@PC MQ ¤J?KCLRMQ BC KGMQGL? (QQM D?X AMK OSC ?
    XML?'BCQ?N?PC?AMLDMPKCMQ¤J?KCLRMQBC?ARGL?BCQJGX?KN?P?CJ?CBŽM?CJ?SK??N?P‘LAG?K?GQCQASP? Q@?LB?Q(
    QC RMPL?K K?GQ ASPR?Q  KCBGB? OSC ?ARGL? C KGMQGL? BCQJGX?K SK? QM@PC ? MSRP?  RP?XCLBM ? KGMQGL? N?P? ? @?LB? (
    AMLDMPKC?QJGLF?Q9QC?NPMVGK?KBMQ¤L?GQBMQ¤J?KCLRMQBCKGMQGL?0S?LBMMQ?PAšKCPMPCJ?V?CPCRMPL?N?P?QCS
    AMKNPGKCLRM MPGEGL?J  ? XML? ' C ?Q @?LB?Q ( PCRMPL?K N?P? QCSQ R?K?LFMQ C ?N?P‘LAG?Q MPGEGL?GQ  HŠ OSC FŠ KCLMP
    QM@PCNMQGŽMBCKGMQGL?C?ARGL? @?LB? LŽMKSB?BCAMKNPGKCLRMBSP?LRCMCLASPR?KCLRMMSM?JMLE?KCLRMBM
    Q?PAšKCPM GLBGA?LBMOSCMAMKNPGKCLRMBMQ¤J?KCLRMQBCKGMQGL?LŽMKSB?BSP?LRCMQNPMACQQMQBCCLASPR?KCLRMC
    BCPCRMPLM?MAMKNPGKCLRMBCPCNMSQMOS?LBM?¤@P?PCJ?V?(QQMR?K@KTCPB?BCN?P?MQ¤J?KCLRMQBC?ARGL?

    'C@E6{​?2D?v@4@?ECsE6:D
    "MKMHŠDMGBGQASRGBM MN?NCJB?QNPMRC”​L?QLŽMAMLRPŠRCGQTGR?JN?P??DSLŽM​KSQASJ?P,CQKMLML”TCJBMQ?PAšKCPM
    ?QNPMRC”​L?QLŽMAMLRPŠRCGQQŽMLCACQQŠPG?QN?P?DMPLCACPSK?EP?BCMSCQRPSRSP?N?P?MNMQGAGML?KCLRMBMQ¤J?KCLRMQBC
    NPMRC”​L?QBC?ARGL?CKGMQGL? QNPMRC”​L?QAMLRPŠRCGQBC?ARGL?CBCKGMQGL?QŽMK?LRGB?Q@?QR?LRCNP™VGK?QNCJ?QNPMRC”​
    L?Q LŽM AMLRPŠRCGQ %GESP?   $QQ?Q NPMRC”​L?Q LŽM AMLRPŠRCGQ LM Q?PAšKCPM R?K@K AMLRPG@SCK N?P? M AMKNMLCLRC
    CJŠQRGAM B? ¤@P? h SQASJ?P  AMKM BGQASRGBM ?LRCPGMPKCLRC /MP CVCKNJM  ? D9D9>1  R?K@K AMLFCAGB? AMKM 3?>53D9>1
    AMLCAR??JGLF?9JGLF?,LMQ?PAšKCPMCCQR?@GJGX??KGMQGL?LMCGVMJMLEGRSBGL?J RGRGL?R?K@KJGKGR???KNJGRSBC
    BC KMTGKCLRM BM Q?PAšKCPM C  NMPR?LRM  AMLRPG@SG N?P? ? PGEGBCX N?QQGT? BM ​KžQASJM .SRP? NPMRC”​L? LŽM AMLRPŠRGJ  ?
    >52E<9>1 OSCQCCQRCLBCB?JGLF?9CCQRŠJMA?JGX?B?L?@?LB?( CQR?@GJGX???ARGL?NMPQCJGE?P?MQKMLšKCPMQBC?ARGL?
    NCOSCL?QKMJASJ?QOSCNMBCKQCJGE?P?MSRPMQKMLšKCPMQCQCRMPL?PSK?A?BCG?BCKMJASJ?Q MSSKNMJ”KCPM AMKM
    MQ¤J?KCLRMQBC?ARGL? 
    LRCQ BC CVNJGA?P AMKM M ​KžQASJM QC AMLRP?G   GKNMPR?LRC CLRCLBCP ?Q CQRPSRSP?Q @ŠQGA?Q BMQ ¤J?KCLRMQ BC ?ARGL? C
    KGMQGL? CAMKMQŽMCLAMLRP?B?QL?Q¤@P?Qh SQASJ?mCQ

    :=2>6?E@5624E:?2
     13D9>1  MS ¤J?KCLRM ¤LM   AMKNMQRM NMP  FJGACQ BC KMJASJ?Q BC ?ARGL? CLRPCJ??B?Q .Q ¤J?KCLRMQ BC ?ARGL? QŽM
    JGE?BMQQJGLF?Q9CQCNPMHCR?KBCA?B?JGLF?9N?P?MKCGMBMQ?PAšKCPM"?B?KMJASJ?BC?ARGL?RCKSKCoD9?1D9F?
    %GESP?   . Q”RGM ?RGTM  M JMA?J MLBC ?Q A?@C?Q B?Q NMLRCQ BC KGMQGL? NMBCK QC JGE?P ?M ¤J?KCLRM BC ?ARGL? OSC 
    LCACQQŠPGMN?P?A?SQ?PMCLASPR?KCLRMBM​KžQASJM$LPMJ?B?QCKTMJR?BM¤J?KCLRMBC?ARGL? CQRŽM?DB?@?=9?C9>1C?
    DB?@?>9>1 KMJASJ?QNPMRCGA?QPCESJ?R™PG?Q RPMNMKGMQGL?SK?KMJASJ?CKDMPK?BCRS@MOSCQCCLPMJ?CKTMJR?
    BM¤J?KCLRMBC?ARGL? QCCLA?GV?LBMCKSK?BCNPCQQŽMAPG?B?NCJMCLRPCJ??KCLRMB?QFJGACQB?QKMJASJ?QBC?ARGL?
    .QAMKNJCVMQNPMRCGAMQBCRPMNMLGL?QŽMCLAMLRP?BMQCKGLRCPT?JMQPCESJ?PCQ?MJMLEMB?KMJASJ?BCRPMNMKGMQGL?
    RPMNMLGL?AMKNMQR?BCQS@SLG​B?BCQNPMRCGA?QPCESJ?R™PG?Q RPMNMLGL?((QCJGE???ARGL? RCKSK??¤LGB?BCNCJ?
    ?ARGL? C K?LRK M AMKNJCVM RPMNMLGL? RPMNMKGMQGL? L?Q KMJASJ?Q BC ?ARGL?  RPMNMLGL? 3 3 NMP A?SQ? B?
    RPMNMKGMQGL? ?NPCQCLR??¤LGB?BCNCJ?RPMNMKGMQGL?CK?LRK?RPMNMLGL?L?KMJASJ?BCRPMNMKGMQGL? RPMNMLGL?"
    "NMPA?SQ?BMAŠJAGM RCK?¤LGB?BCNCJMQ”Mi QAŠJAGM CCQQ??¤LGB?BCMCQR”KSJMBCLRPMB?¤@P?KSnASJ?POSCA?SQ??
    ?RGT?ŽMBM​KžQASJM BCTGBM?MQCSN?NCJBCA?SQ?P?CVNMQGŽMBMQQ”RGMQ?RGTMQL?QKMJASJ?QBC?ARGL?
    86DA0  %A60=8H0sr> 3>B J;0<4=C>B 34 02C8=0  ;=NCH;
     IO VF;G?HNI VHI
     Œ =IGJIMN; JIL  BŒFC=?M >?
    GIFŒ=OF;M>?;=NCH;  ;>;GIFŒ=OF;>?;=NCH;N?GOGMNCI>?FCA;‹ŠI‰GCIMCH;
    IOMNCI;NCPIJ;L;CHN?L;‹™?M=IG
    e;M
     ; NLIJIHCH; ? ;
    ;M =;<?‹;M >? GCIMCH;  "HLIF;>;M ?G PIFN; >I VF;G?HNI >? ;=NCH; ?MNŠI  IONL;M JLIN?
    NLIJIGCIMCH;
    KO?
    HIL?JIOMI
    =I<L?GIMMNCIM;NCPIMH;MGIFŒ=OF;M>?;=NCH;
    JL?P?HCH>I;FCA;‹ŠI>;M=;<?‹;M
    >?GCIMCH;;IMMNCIM;NCPIM 1H1
    NLIJIHCH;1
    M?FCA;‰VN;>?NLIJIGCIMCH;1H
    NLIJIHCH;
    M?FCA;;I=†F=CI1H&

    NLIJIHCH;&
    M?FCA;‰;=NCH;

    :=2>6?E@56>:@D:?2
    /?P?OSCMQ¤J?KCLRMQBCKGMQGL?CBC?ARGL?BCQJGXCKSLQQM@PCMQMSRPMQ QS?QCQRPSRSP?QKMJCASJ?PCQBCTCKNMQQG@GJGR?P
    OSCCJCQGLRCP?H?KBCACPR?K?LCGP?COSCNPMBSX?SK?DMP?OSCMQNSVCKSLQQM@PCMQMSRPMQ"?B?KMJASJ?BCKGMQGL?
    RCKSK?A?@C?EJM@SJ?P SKNMLRMBCBM@P?BG?CSK?A?SB?¤@PMQ?%GESP? &?>D5CQŽMDMPK?B?QCLRPCKMJASJ?Q
    BC KGMQGL? QQGK  OS?LBM ?Q A?@C?Q BC KGMQGL? QC NPMHCR?K BM ¤J?KCLRM BC KGMQGL?  LMR? QC OSC A?B? NMLRC RCK 
    A?@C?Q EJM@SJ?PCQ BC KGMQGL? Q A?@C?Q BSNJ?Q B? NMLRC BC KGMQGL? QŽM DMPK?B?Q NCJ? CLXGK? =9?C9>1 *&1C5 Q
    A?SB?Q¤@PMQ?QB?QKMJASJ?QBCKGMQGL?OSCDMPK?KNMLRCQAPSX?B?QQCCLRPCJ??KN?P?DMPK?PM¤J?KCLRMBCKGMQGL?
    NMLRC?N?PRCBM¤J?KCLRMBCKGMQGL?OSCGPŠGLRCP?EGPAMK??ARGL?CBCQCLTMJTCPDMP?N?P?NSV?PMQ¤J?KCLRMQBC
    ?ARGL?QM@PCMQMSRPMQ¤J?KCLRMQBCKGMQGL?$VGQRCKGQMDMPK?QBGDCPCLRCQ MSRGNMQ BCKGMQGL?Q 3/?QCQCLAMLRP?B?QL?Q
    NMLRCQ GQMDMPK?CQNCA”¤A? CVNPCQQ?NMPSK?¤@P? BCRCPKGL?BCKSGR?QK?LCGP?QQCSRGNMC NMPR?LRM ?QA?P?ARCP”QRGA?Q
    AMLRPŠRCGQB?OSCJ?¤@P?

    86DA0  %A60=8H0sr> 3> J;0<4=C> 34 <8>B8=0 , VF;G?HNI >? GCIMCH; VF;G?HNI ALIMMI Π=IGJIMNI >?
    GIFŒ=OF;M >? GCIMCH;  M =;O>;M V<LIM;M >;M GIFŒ=OF;M >? GCIMCH; M? ?HNL?F;‹;G J;L; @ILG;L I VF;G?HNI >?
    GCIMCH; "GCHN?LP;FIML?AOF;L?M
    =;<?‹;M>;GIFŒ=OF;>?GCIMCH;M?JLID?N;GJ;L;@IL;>IVF;G?HNI>?GCIMCH;

    JI>?H>ICHN?L;ACL=IGGIFŒ=OF;M>?;=NCH;

    +:A@D56M3C2>FD4F=2C
    . ​KžQASJM CQOSCJRGAM  SK? KGQRSP? FCRCPME‘LC? BC TŠPGMQ RGNMQ BC ¤@P?Q h SQASJ?mCQ  AMK A?B? RGNM BC ¤@P? RCLBM
    A?N?AGB?BCQKCR?@™JGA?Q BCDMP?CBCNMR‘LAG?BGDCPCLRCQ#GDCPCLRCQQGQRCK?QBCAJ?QQG¤A?ŽMBMQRGNMQBC¤@P?QDMP?K
    BCQCLTMJTGBMQ?MJMLEMBMQ?LMQ3?@CJ? AMK@?QCL?QBGDCPCLRCQA?P?ARCP”QRGA?QFGQRMOS”​KGA?Q @GMOS”​KGA?QCD”QGA?QB?
    ¤@P?h SQASJ?P 
    Q NPGLAGN?GQ NMNSJ?CQ BC ¤@P?Q BC 3?>DB1kj? <5>D1 RGNM (  C BC 3?>DB1kj? Bg@941 RGNM ((  QŽM CQR?@CJCAGB?Q JMEM
    ?N™Q M L?QAGKCLRM CLRPCR?LRM  MAMPPCK KSB?L?Q QSRGQ BCLRPM BMQ  RGNMQ BC ¤@P?Q ?M JMLEM BC RMB? ? TGB? $QQ?Q
    KSB?L?Q CQRŽM PCJ?AGML?B?Q AMK RGNMQ BC ?RGTGB?BC PC?​JG​X?B?Q  AMLACLRP?CQ FMPKML?GQ C CLTCJFCAGKCLRM #C D?RM
    AMKMQCPŠTGQRM?BG?LRC MRPCGL?KCLRM?ECAMKMSKCQR”KSJMNMRCLRCN?P?AMLTCPQCQLMQRGNMQBC¤@P?Q
    /CPESLR?Q AMKSLQ QŽM Y"MKM QC BCRCPKGL? M RGNM BC SK? ¤@P? GL _ GqG_ S?J^ C Y$QQ?Q AMLTCPQCQ MAMPPCP?K^ .
    NPGKCGPMN?QQMM@RCPSK?@GMNQG?BM​KžQASJMBCGLRCPCQQC!MVC #CNMGQBGQQM ??KMQRP?BCTCQCPQCAAGML?B?CK
    D?RG?QRP?LQTCPQ?GQ¤L?Q OSCNMBCKQCPCLRŽMK?PA?B?QN?P?GBCLRG¤A?PMQBGDCPCLRCQRGNMQBC¤@P?Q.NPMACBGKCLRMK?GQ
    NMNSJ?PSRGJGX?BMNMP¤QGMJMEGQR?QBMCVCPA”AGMMKRMBMFGQRMOS” h GAMBC=1B31kj?45=9?C9>1*&1C5+CK@PCOSC?
    3/?QC?CLXGK?OSCDMPK??QA?@C?QEJM@SJ?PCQB?QNMLRCQBCKGMQGL?/MPCQQCKRMBMBCCLQ?GM ?Q¤@P?Q h SQASJ?mCQ
    BM RGNM ( C BM RGNM (( C QCSQ QS@RGNMQ QŽM AJ?QQG¤A?BMQ AMK @?QC L? PC?ŽM FGQRMOS” h GA? B? 3/?QC AMK M 3/ OSC 
    DMPLCAGBMLMNPMACBGKCLRMBCK?PA?ŽM"?B?GQMDMPK?BCKGMQGL?A?R?JGQ?CQQ?PC?ŽMCKSK?R?V?žLGA? PCQSJR?LBMCK
    GLRCLQGB?BCQBCAMJMP?ŽMBGDCPCLRCQCLRPCMQRGNMQBGDCPCLRCQBC¤@P?Q4RGJGX?LBM:6-;>(9,:BCGK?ECK ?GLRCLQGB?BCB?
    K?PA?ŽM NMBC QCP BC D?RM OS?LRG¤A?B? C M CQNCARPM BC GLRCLQGB?BC BC K?PA?ŽM NMBC QCP BGTGBGBM CK A?RCEMPG?Q
    BGDCPCLRCQ BCK?LCGP?OSCA?B?¤@P?NMQQ?QCPGLQCPGB?CKSKRGNMCQNCA”¤AMBC¤@P?AMK@?QCL?QS?PC?ŽMAMKM 3/

    '-.18-
    "??5?@19-?<>59b>5;?01/8-??5G/-ed;0;@5<;01G.>-9A?/A8->

    )8BC4<0342;0BB8J20sr> 0B4C4{​A820

    %G@P?QTCPKCJF?C@P?LA? !?QC?B?L?AMPB?¤@P?OS?LRMK?GQKGMEJM@GL?A?PPC?BMPBCMVGE‘LGM
    CKSK?¤@P? K?GQCQASP?MSK?GQTCPKCJF?QCPŠ?AMPSRGJGX?B?CK
    NCQOSGQ?QGLGAG?GQAMK?LGK?GQQGQRCK?BCAJ?QQG¤A?ŽMK?GQ?LRGEM
    "MLRP?ŽMPŠNGB?CAMLRP?ŽMJCLR? !?QC?B?L?TCJMAGB?BCCL?DMPK?B?AMLRP?ŽMBM​KžQASJMAMK
    CQRGKSJ?ŽM¤@P?QBCPŠNGB?AMLRP?ŽMR‘KR?V?QK?GQ?JR?QBC
    BCQCLTMJTGKCLRMBCDMP?CR?V?QBCD?BGE?K?GMPCQ
    .VGB?RGT?JCLR? MVGB?RGT?PŠNGB? EJGAMJ”RGA? !?QC?B?CKK?PA?CQKCR?@™JGA?QCCKA?P?ARCP”QRGA?QB?QCLXGK?Q
    EJGAMJ”RGA?PŠNGB? MVGB?RGT?QCEJGAMJ”RGA?Q
    3GNM(CRGNM(( $QR?@GJGB?BCB?CLXGK?KGMQGL? 3/?QCQM@BGDCPCLRCQAMLBGCQBC
    N'?CLXGK?KGMQGL? 3/?QC?NPCQCLR?BGDCPCLRCQDMPK?Q?JESK?Q
    DMPK?QPCQSJR?KCKPC?CQCLXGKŠRGA?QK?GQPŠNGB?QN?P??FGBP™JGQC
    BC 3/C NMPR?LRM R?V?QBCAGAJ?ECKK?GQPŠNGB?QN?P??QGLRCP?CQ
    ?ARGL? KGMQGL?B?¤@P?QGQRCK?K?GQAMKSKCLRCSRGJGX?BMN?P?
    AJ?QQG¤A?PMQRGNMQBC¤@P?QKpQASJ?P` QFMHCCKBG?

    ,4& 
    9=--;<`-6>74>1,7-5=58:7+-,15-6<7,-*178;1)​5=;+=4):
    /?P? AJ?QQG¤A?P ? ¤@P? BC SK GLBdT≤BpM  SK? ?KMQRP? BC @GMNQG? BCTC QCP M@RGB? BM K
    º QASJM (QQM  AF?K?BM BC
    Dl3>931 45 29?@C91 ​=EC3E<1B @5B3EDh​>51 -CQQC NPMACBGKCLRM  ? ​ŠPC? B? NCJC BC MLBC ? @GMNQG? QCPŠ M@RGB? 
    NPGKCGP?KCLRC@?LF?B?AMKSKBCQGLDCR?LRC$KQCESGB? QŽMDCGR?QTŠPG?QGLHCCQBC?LCQRQGAMJMA?JSRGJGX?LBM
    SK??ESJF?BCA?JG@PC¤LMCSK?QCPGLE??MPCBMPBMJMA?JB?@GMNQG?4K@GQRSPGCLRŽMSRGJGX?BMN?P?D?XCPSK?
    GLAGQŽMNCOSCL??RP?TQB?NCJCCBMCNGK”QGMBM​KžQASJMBMOS?J?@GMNQG?QCPŠM@RGB?$LRŽM SK??ESJF?BC?M
    GLMVGBŠTCJMA?GLQCPGB??RP?TQB?GLAGQŽMN?P?BCLRPMBM​KžQASJMCSRGJGX?B?N?P?M@RCPACPA?BC?KEBC
    RCAGBM​KSQASJ?PRGNGA?KCLRCB?AMV? B?N?LRSPPGJF?MSBM​KžQASJMBM@P?M 4K??ESJF?BC@GMNQG?AMLQGQRCCK
    SK??ESJF?MA?CSKAMPR?BMPOSCQCCLA?GV?BCLRPMB??ESJF?TCP¤ESP??BG?LRC  ?ESJF?RCKSK?H?LCJ?OSC
    DCAF?B? OS?LBM M AMPR?BMP  CKNSPP?BM N?P? M ¤L?J B? ?ESJF?  K?Q ¤A? ?@CPR? OS?LBM CJC LŽM  CKNSPP?BM
    ?ESJF?  GLQCPGB? AMK ? H?LCJ? DCAF?B? . AMPR?BMP  CLRŽM PCRGP?BM JCLR?KCLRC  ?@PGLBM ? H?LCJ? SK? QSAŽM 
    ?NJGA?B?AMKSK?QCPGLE?AMLCAR?B?NMLR?B??ESJF? SRGJGX?LBMSKRS@MNJŠQRGAM QSAŽMNPMBSXSKTŠASML?
    ?ESJF?  NSV?LBM M ​KžQASJM N?P? BCLRPM BCJ? . AMPR?BMP  CLRŽM CKNSPP?BM N?P? M ¤K B? ?ESJF?  AMPR?LBM ?
    ?KMQRP? BC ​KžQASJM  ?ESJF? BC @GMNQG?  PCRGP?B? C ? ?KMQRP?  PCKMTGB? B? ?ESJF?  GBCLRG¤A?B?  NPMACQQ?B? C
    CLRŽMAMLECJ?B? N™Q?PCRGP?B?B??ESJF?BC@GMNQG? ?GLAGQŽMDCAF?B? ?KMQRP?BC​KžQASJMCLRŽMAMPR?B?
    SRGJGX?LBMSKAPGMQR?RM OSCSK?N?PCJFMN?P?AMPR?PAF?K?BMKGAP™RMKM AMJMA?BMCKSK?A‹K?P?AMLECJ?B?
    OSC K?LRK ? RCKNCP?RSP? CK RMPLM BC Zj"  CK QCACQ AMLQCASRGT?Q QCPG?GQ  C AMJMA?B? CK J‹KGL?Q N?P? M
    CLQ?GM BC AMJMP?ŽM FGQRMOS”​KGA? ? ¤K BC BCRCPKGL?P MQ TŠPGMQ RGNMQ BC ¤@P? KpQASJ?P .SRP?Q T?PdŠT` GQ N CV
    AMLRCž​BM BC EJGAME‘LGM B?Q ¤@P?Q  OS?LRGB?BC BC PCACNRMPCQ  BC KGRMAšLBPG?Q  BC A?NGJ?PCQ  BC MSRP?Q CLXGK?Q
    KCR?@™JGA?QCRA R?K@KNMBCKQCP?L?JGQ?B?QB?QQCACQQCPG?B?QB??KMQRP?BC@GMNQG?

    *t2=820 30 18>?B80 ​<DB2D;0A  <CIJMC; ​GOM=OF;L J?L=ON‡​H?; Œ I GŒNI>I G;CM =IGOG J;L; I<N?L OG;
    ;GIMNL;J?KO?H;>?N?=C>I​GOM=OF;L=IG;KO;FM?JI>?L?;​FC​T;LP†LCIM?HM;CIMHI​GšM=OFI
    CH=FOMCP?;H†FCM?
    BCMNIKO​GC=;J;L;>?N?LGCH;‹ŠI>IMNCJIM>?V<L;M d OM=OF;L?M 2G;J?KO?H;CH=CMŠIŒL?;​FC​T;>;?GOG;​
    †L?;;H?MN?MC;>;J;L;;=?MMI;I​GšM=OFI>;;AOFB;>?<CIJMC; "GM?AOC>;
    ;;AOFB;>?<CIJMC;ŒCHNLI>OTC>;
    HI ​GšM=OFI ;NŒ OG; JLI@OH>C>;>? G?>C>; J;L; I<N?L OG; ;GIMNL; >I P?HNL? >I ​GšM=OFI    MO=‹ŠI Œ
    ;JFC=;>; ? ; ;GIMNL; >? ​GšM=OFI Œ =ILN;>; H; ;AOFB; >? <CIJMC;   "R?GJFI >? ;AOFB; >? <CIJMC; ONCFCT;>;
    J;L;I<N?L;;GIMNL;

    KGMQGL? 3/?QCSK?CLXGK?KSGRMCQNCA”¤A?N?P??TCJMAGB?BCAMK?OS?J?QA?@C?QBCKGMQGL?QCJGE?K?MQQ”RGMQ
    ?RGTMQBMQ¤J?KCLRMQBC?ARGL?CEGP?KN?P?NPMBSXGPDMP? QQGK CJ?DMPLCACSK?AJ?QQG¤A?ŽMDSLAGML?JPCNPCQCLR?RGT?
    B?TCJMAGB?BCBCCLASPR?KCLRMBCSK?¤@P?h SQASJ?P Q{2B1C=EC3E<1B5C4?D9@?R?K@KQŽMAF?K?B?QBC¤@P?QBC
    AMLRP?ŽM JCLR?  M OSC QGELG¤A? OSC LŽM ?NCL?Q ?JA?L?K NGAM BC DMP? CK SK? R?V? JCLR?  K?Q R?K@K OSC  SK? TCX
    ?JA?L?BM  QCS NGAM BC DMP?  JCLRM GLB? ?QQGK  ?Q ¤@P?Q h SQASJ?mCQ BM RGNM ( R‘K SK? ?JR? A?N?AGB?BC N?P? M
    KCR?@MJGQKMMVGB?RGTM HŠOSCCJ?QPCAC@CKSKQSNPGKCLRMQ?LES”​LCMPGAMCQŽMBMR?B?QBCSK?BCLQGB?BCKGRMAMLBPG?J
    CVACJCLRC"MKMPCQSJR?BM ?Q¤@P?QBMRGNM(QŽMPCQGQRCLRCQD?BGE?CNMBCKAML oGi S?PAMLRP?GLBMBSP?LRCJMLEMQNCP”M*
    BMQ BC RCKNM AMK NCOSCLM BCAPQAGKM CK QS? NPMBSŽM BC DMP? /MPR?LRM  CQQ?Q ¤@P?Q QŽM @CK ?BCOS?B?Q ?M
    BCQCKNCLFMBC,5+<9(5*,
    Q {2B1C Z
    EC3E<1
    _5C 4? D9@?  R?K@K QŽM AF?K?B?Q BC ¤@P?Q BC AMLRP?ŽM PŠNGB?  HŠ OSC CJ?Q BCQCLTMJTCK DMP?
    KSGRMP?NGB?KCLRCCBCKMLQRP?KA?N?AGB?BCBCNPMBSŽMBCEP?LBCDMP?%GESP? vNMQQ”TCJGK?EGL?POSCQ?GPBC
    SK@JMAMBCN?PRGB?CKSK?AMPPGB?BCKMSD?XCPSKAMPRCPŠNGBMLMDSRC@MJNMBCKQCP?HSB?BMQRCLBMK?GQ¤@P?Q
    BMRGNM((!MVC /MPK ?MAMLRPŠPGMB?Q¤@P?QBMRGNM( ?Q¤@P?QBCAMLRP?ŽMPŠNGB?MSRGNM(( LŽM?NPCQCLR?K
    ?@SLB‹LAG? BC KGRMAšLBPG?Q MS SK QSNPGKCLRM Q?LES”​LCM ECLCPMQM  PCQSJR?LBM CK SK? RCLB‘LAG? BC QC D?RGE?PCK
    P?NGB?KCLRC QA?P?ARCP”QRGA?QB?Q¤@P?QBMRGNM(CBMRGNM((CQRŽMQSK?PGX?B?QL?3?@CJ? JKBCQQ?QA?P?ARCP”QRGA?Q
    NPGLAGN?GQ DMGKMQRP?BMOSC?Q¤@P?QBMRGNM(CBMRGNM((R‘KQS@RGNMQ CLRŽM FŠSKAMLR”LSMBCRGNMQBC¤@P?QKpQASJ?
    PCQBCLRPMBCA?B?RGNMBC¤@P?$QQCAMLR”LSMCAMKMCJCQQŽMBGDCPCLAG?BMQQCPŽMBGQASRGBMQ?QCESGP

    86DA0 0A02C4AwBC820B302>=CA0sr>​<DB2D;0A#C<L;M>?=IHNL;‹ŠIL†JC>;NCJI&&NGOG;JLI>O‹ŠI>?@IL‹;
    G;CM L†JC>;
     JLI>OT?G KO;HNC>;>?M G;CIL?M >? @IL‹; ? L?F;R;G =IG G;CM L;JC>?T >I KO? ;M V<L;M >? =IHNL;‹ŠI
    F?HN;NCJI&

    ,4&
     ;
    "187;,-t*:)
    R =;+=4):C5841+)do-;8):)7,-;-58-607)<4e<1+7
    B (?25BD) )D1B?>
    064,+0*(3 *0,5*,:(5+,7(9;4,5;6-0636.0*(3 *0,5*,:633,.,6-:;,67(;/0*
    ,+0*05,/06"50=,9:0;@;/,5:

    .Q​KžQASJMQCQOSCJRGAMQBMQQCPCQFSK?LMQ AMKMMQBCMSRPMQK?K”DCPMQ AMLR‘KBMGQRGNMQNPGLAGN?GQBC¤@P?Q


    BCAMLRP?ŽMPŠNGB?CJCLR? OSCBGDCPCKCKQS?QNPMNPGCB?BCQKCR?@™JGA?QCAMLRPŠRCGQ"MKMPCEP?ECP?J ?Q¤@P?Q
    PŠNGB?Q QŽM GKNMPR?LRCQ N?P? RP?@?JFMQ BC BSP?ŽM ASPR? C BC ?JR? GLRCLQGB?BC  CLOS?LRM ?Q ¤@P?Q JCLR?Q QŽM
    ?BCOS?B?QN?P??RGTGB?BCQJMLE?Q QS@KŠVGK?Q QQGK ?Q¤@P?QJCLR?QR‘KK?GMPA?N?AGB?BC?CP™@G?CQŽMPCAPSR?B?Q
    NPGKCGP?KCLRC C  NMPR?LRM  K?GQ TCXCQ "MLDMPKC ? GLRCLQGB?BC CMS ? BSP?ŽM ?SKCLR?K  ?Q ¤@P?Q PŠNGB?Q QŽM
    PCAPSR?B?Q BC ?AMPBM AMK ? LCACQQGB?BC 2C SK CQDMPM KŠVGKM  LCACQQŠPGM N CV  L? RCLR?RGT? BC SK
    JCT?LR?KCLRMKŠVGKMCKSK?AMKNCRGŽM MQGQRCK?LCPTMQMRCLR?PŠPCAPSR?PRMBMQMQRGNMQBC¤@P?Q h SQASJ?mCQ
    R?LRM?QPŠNGB?QOS?LRM?QJCLR?Q LMQ​KžQASJMQRP?@?JF?LBM
     NMPACLR?ECK BC A?B? SK BCQQCQ RGNMQ NPGLAGN?GQ CK B?BM ​KžQASJM N?PCAC QCP BCRCPKGL?B? ECLCRGA?KCLRC
    $K@MP??JESLQ​KžQASJMQ?NPCQCLRCKSK?NPCBMKGL‹LAG?BC¤@P?QPŠNGB?QNCV ,RP”ACNQ@P?OSG?J MSJCLR?QN
    CV  , Q™JCM  ? K?GMPG? BMQ ​KžQASJMQ L?Q NCQQM?Q KBG?Q AMLRK ?NPMVGK?B?KCLRC SK? KGQRSP? KCGM ? KCGM
    /CQOSGQ?QR‘KKMQRP?BMOSC?NMPACLR?ECKBCQQCQRGNMQNPGLAGN?GQBC¤@P?QC?NMPACLR?ECKBC®PC?MASN?B?NMP
    A?B? SK QŽM BMGQ D?RMPCQ OSC R‘K SK GKN?ARM LM BCQCKNCLFM .Q ​KžQASJMQ BC ?RJCR?Q BC DMP?NMR‘LAG? BC CJGRC
    R‘KSK?NMPACLR?ECK?JR?BC¤@P?QPŠNGB?Q CLOS?LRM?RJCR?QBC,5+<9(5*,BCCJGRCR‘KSK?NPCBMKGL‹LAG?BC¤@P?Q
    JCLR?Q$QQCQCVRPCKMQBCKMLQRP?K?GKNMPR‹LAG?B?AMKNMQGŽMB?Q¤@P?QL?BCRCPKGL?ŽMB?CVACJ‘LAG??RJRGA?
    L?QCVRPCKGB?BCQBMCQNCARPMDMP? BSP?ŽM.@TG?KCLRC LCKRMBMQQCPŽMA?N?XCQBC?JA?L?PSKL”TCJBCCJGRC
    .SRPMQ D?RMPCQ  AMKM KMRGT?ŽM  RMJCP‹LAG?  BMP  @GMKCA‹LGA?  BGCR?  BCQA?LQM C F?@GJGB?BC  BCQCKNCLF?K SK
    N?NCJN?P?QCN?P?PMKSGRM@MKBMKSGRMKCJFMP
    ,CQKM OSC ?Q NMPACLR?ECLQ BC A?B? RGNM NPGLAGN?J BC ¤@P? QCH?K BCRCPKGL?B?Q KSGRM ACBM  AMKM ?Q NCQOSGQ?Q
    QSECPCK  ?B?NR?CQ QGELG¤A?RGT?Q N?P? ?SKCLR?P M BCQCKNCLFM ?GLB? NMBCK MAMPPCP (LBCNCLBCLRCKCLRC B?
    AMKNMQGŽM BM RGNM B? ¤@P?  SK? NCQQM? NMBC KCJFMP?P AMK M RPCGL?KCLRM 1CEGKCQ BC RPCGL?KCLRM CQNCA”¤AMQ
    NMBCK ?SKCLR?P ? JG@CP?ŽM B? DMP? ?SKCLR?P ? ​ŠPC? RP?LQTCPQ?J BC ¤@P?Q GL_ GqG_ S?GQ  MS ? A?N?AGB?BC ?CP™@G?
    KSB?L?Q OS?LRGR?RGT?Q MS OS?JGR?RGT?Q LMQ L”TCGQ BC ?RGTGB?BC B?Q CLXGK?Q KCR?@™JGA?Q  CK ​KžQASJMQ CQNCA”¤AMQ
    /MPCVCKNJM SK?RJCR?BCDMP?NMR‘LAG?AMKNPCBMKGL‹LAG?BC¤@P?QJCLR?QCQRŠCKBCQT?LR?ECKQCAMKN?P?BM
    AMK ?OSCJCQ GL​BG​T”​BSMQ AMK NPCBMKGL‹LAG? BC ¤@P?Q PŠNGB?Q $LRPCR?LRM  AMK M RPCGL?KCLRM  ?SKCLRMQ
    QGELG¤A?RGTMQL? ®PC?RP?LQTCPQ?JB?Q¤@P?QPŠNGB?QNMBCK?HSB?P?QSNCP?PCQQ?BCQT?LR?ECK#CQQ?K?LCGP? SK
    KžQASJM AMLRCLBM  ?  BC ¤@P?Q PŠNGB?Q NMBC QMDPCP KSB?L?Q FGNCPRP™¤A?Q BC K?LCGP? OSC  ?N™Q M
    RPCGL?KCLRM ?NMNSJ?ŽMBC¤@P?QPŠNGB?QQM@CBC?B?®PC?RMR?JBC¤@P?Q$K@MP?CKAMLBGCQCVRPCK?Q
    N CV  N?P?JGQG?  CQRGKSJ?ŽM CJRPGA? BC JMLEM NP?XM  ?Q ¤@P?Q h SQASJ?mCQ RCLF?K ? A?N?AGB?BC BC GLBSXGP
    RP?LQDMPK?CQBCJCLR?QN?P?PŠNGB?QCBCPŠNGB?QN?P?JCLR?Q LŽMN?PCACOSCMCVCPA”AGMQCH?CQR”KSJMQS¤AGCLRC
    K?GMPG?B?QNCQOSGQ?QRCKKMQRP?BMOSCMRPCGL?KCLRMA?N?XBCNPMTMA?PRP?LQDMPK?CQBCLRPMB?NMNSJ?ŽMBC
    ¤@P?Q PŠNGB?Q RP?LQGCQ BM QS@RGNM PŠNGBM  K?Q LŽM CLRPC PŠNGBM C JCLRM MS QCH?  RP?LQGŽM AMKNJCR? BM RGNM
    PŠNGBMN?P?MJCLRMMSBMJCLRMN?P?MPŠNGBM 

    '-.18-
     ->-/@1>h?@5/-?0-?G.>-?
    V A?/A8-[ 1?@5<;1@5<;

    0A02C4AwBC820 *8?> *8?>


    %MP?NMP​ŠPC?RP?LQTCPQ?J !?GV? JR?
    RGTGB?BCB? 3/?QCKGM¤@PGJ?PN'  !?GV? JR?
    PK?XCL?KCLRMBC 3/GLRP?​KSQASJ?P !?GVM JRM
    #CN™QGRMGLRP?​KSQASJ?PBCDMQDMAPC?RGL? !?GVM JRM
    1?NGBCXBCAMLRP?ŽM +CLR? 1ŠNGB?
    3CKNMBCPCJ?V?KCLRM +CLRM 1ŠNGBM
    RGTGB?BCB?QCLXGK?QEJGAMJ”RGA?Q !?GV? JR?
    5+<9(5*, JR? !?GV?
    #CN™QGRMBCEJGAME‘LGMGLRP?​KSQASJ?P -ŽMFŠBGDCPCL? -ŽMFŠBGDCPCL?
    #CN™QGRMBCRPGEJGACP”BGMGLRP?​KSQASJ?P JRM !?GVM
    "MLRCž​BMBCKGMEJM@GL? JRM !?GVM
    RGTGB?BCBCCLXGK?Q?CP™@G?Q JR? !?GV?
    #CLQGB?BCA?NGJ?P JR? !?GV?
    #CLQGB?BCKGRMAMLBPG?J JR? !?GV?

    0\.,5(+,56137b​/,&$'$/,15,0$ $5(
    ?LŠJGQCSRGJGX?B?N?P?BGDCPCLAG?PCLRPCMQQS@RGNMQBC¤@P? h SQASJ?PCLTMJTCSKNPMACBGKCLRMBCAMJMP?ŽMFGQRMOS” *
    KGA?OSCD?XAMKOSCA?B?QS@RGNMQCAMPCAMKSK?GLRCLQGB?BCJCTCKCLRCBGDCPCLRC PCQSJR?LBMCKSK?CQA?J?BCAGLX?
    žLGA?/?P?AMKC?PMNPMACQQM SKAMPRCRP?LQTCPQ?J¤LMBMh žQASJMM@RGBM?N?PRGPB??KMQRP?BC@GMNQG?CAMJMA?BM
    CKAMLBGCQBGDCPCLRCQBCN' AMK@?LFM?JA?JGLMN'  C@?LFMQŠAGBMQN' C  0S?LBMPCRGP?B?Q ?Q
    ¤@P?QLMAMPRCNMBCKQCPAJ?QQG¤A?B?QBC?AMPBMAMK?GLRCLQGB?BCBCAMJMP?ŽMBCA?B?¤@P?L?QBGDCPCLRCQAMLBGCQBC
    N' AMKMKMQRP?BML?%GESP?.QRGNMQBC¤@P?QN?BPŽMCKQCPCQFSK?LMQT?PG?KBCQBCMRGNMBC¤@P?K?GQMVGB?RGTM
    ?M RGNM BC ¤@P? KCLMQ MVGB?RGTM  MS BM RGNM (  RGNM ("  RGNM (("  RGNM (( "  RGNM ((  RGNM (( 7 C RGNM ((7 v NPCAGQM
    JCK@P?POSC?A?N?AGB?BCMVGB?RGT?BCSK?¤@P?GLTCPQ?KCLRCNPMNMPAGML?J?QS?TCJMAGB?BCBCAMLRP?ŽM.SQCH? ?Q
    ¤@P?QBMRGNM( OSCQŽM?JR?KCLRCMVGB?RGT?Q QŽM?QK?GQJCLR?QN?P?BCQCLTMJTCPMNGAMBCDMP? CLOS?LRMLMCVRPCKM
    MNMQRM  ?Q ¤@P?Q BM RGNM ((7  OSC ?NPCQCLR?K M KCLMP NMRCLAG?J MVGB?RGTM  R‘K ? K?GMP TCJMAGB?BC BC AMLRP?ŽM $K
    ?LGK?GQP?RM A?KSLBMLEM E?RMCRA CVGQRCSK?PP?LHMK?GMPBCRGNMQBC¤@P?Qh SQASJ? mCQ BCLMTMGLBMBMRGNMK?GQ
    MVGB?RGTMN?P?MKCLMQ BMRGNM( RGNM(" RGNM((" RGNM(( " RGNM(( RGNM(( 7 RGNM((7 RGNM((7!CRGNM((! APCBGR?
    QC OSC M ?PP?LHM K?GMP BC RGNMQ BC ¤@P?Q h SQASJ?mCQ CK K?K”DCPMQ GLDCPGMPCQ QC BCT? ? SK QGQRCK? LCPTMQM KCLMQ
    QM¤QRGA?BM OSCPCOSCPK?GQ?B?NR?CQLML”TCJB?¤@P?KpQASJ?P.RGNMBC¤@P?GL¥SCLAG?MBCQCKNCLFM KSQ^SJ?PBC
    KMBM OSC ?Q ¤@P?Q BM RGNM ( C QCSQ QS@RGNMQ QŽM ?BCOS?B?Q ?MQ BCQCKNCLFMQ BC ,5+<9(5*,  CLOS?LRM RGTCP SK?
    NMPACLR?ECK K?GMP BC ¤@P?Q BM RGNM (( C QCSQ QS@RGNMQ AMPPCJ?RMQ QCPG? D?TMPŠTCJ N?P? BCQCKNCLFMQ BC TCJMAGB?BC C
    NMR‘LAG?!MVC 

    86DA0 0A02C4A8H0sr>3>BC8?>B34J1A0 Y DB2D;0A?4;0<8>B8=0*&0B4"HM;CIBCMNIKO​GC=IONCFCT;>IJ;L;


    =;L;=N?LCT;‹ŠI>IMNCJIM>?V<L;>I d šM=OFI?MKO?FŒNC=I M?J;L;‹ŠI>IMNCJIM>?V<L;Œ<;M\;>XH;M>C@?L?H‹;M
    >; ?MN;<CFC>;>? >I J% >; GIFŒ=OF; >? 1-;M? CMNI Œ
     ; JL?M?H‹; IO ;OMH=C; >? ;NCPC>;>? 1-†MC=; ;J•M ;
    ?RJIMC‹ŠI>IN?=C>I;MIFO‹™?M=IGJ%P;​LC†​P?F0J%
    1J%
    2J%
     +I​GšM=OFI>IM?LBOG;HI
    I
    ;LL;HDI>?NCJIM>?V<L;MKO?JI>?M?L>?N?LGCH;>ICH=FOCNCJI&
    NCJI&
    NCJI&&
    NCJI&&
    NCJI&&
    NCJI&&5?NCJI
    &&5  ILN?MC;>;!L; '?HHS%?LG;H
    /I=ES3CMN; IFF?A?I@,MNB?IJ;NC=*?>C=CH?
    -;LE?L
     , 

    ,4& 
    757;-+758):)57;<187;,-t*:);
    R =;+=4)
    W-;,7;,1.-:-6<-;)<4-<);
    ,--41<-
    K?GMPG?BMQ​KžQASJMQBMAMPNMAMLRKSK?AMK@GL?ŽMBCRGNMQBC¤@P?Q OSCGL¥SCLAG?B?NCJ?ECLRGA? NCJM
    NCP¤J FMPKML?J  NCJM RPCGL?KCLRM C NCJ? DSLŽM BM h žQASJM $K ECP?J  ? K?GMPG? B?Q NCQQM?Q LŽM RPCGL?B?Q RCK
    ACPA?BCBC¤@P?QRGNM(CBCRGNM(($QQ?QNPMNMPCQNMBCKQCPBP?QRGA?KCLRCBGDCPCLRCQCK?RJCR?QBC
    CJGRC/MPCVCKNJM ?RJCR?QBC,5+<9(5*,BCCJGRC?NPCQCLR?KRGNGA?KCLRCSK?NPCBMKGL‹LAG?BC¤@P?Qh SQASJ? mCQBM
    RGNM(NCV ? CLOS?LRMTCJMAGQR?QBCCJGRC?NPCQCLR?KSK?NPCBMKGL‹LAG?BC¤@P?Q h SQASJ?mCQBMRGNM((
     ?   /?P? BCQCKNCLFMQ BC CJGRC  M GL​BG​T”​BSM BCTC JCT?P ?M CTCLRM SK AMLHSLRM žLGAM BC NPCBGQNMQGCQ
    ECLRGA?QOSCGLAJSCKSKRGNM™RGKMBC¤@P?h SQASJ?P$K@MP?LŽMQCH?MžLGAMD?RMPLCACQQŠPGMN?P?BCQCKNCLFMQ
    BCCJGRC MRGNMBC¤@P?GKNMPR?LRC

    $'(,$52(5$'$5'(/,15,0$
    A?BCG?BM¤J?KCLRMBCKGMQGL?AMKNMQR?NMP314591C@5C141CCNMPN?PCQBC314591C<5F5C"?B?A?BCG?NCQ?B?
    ?NPCQCLR?SKNCQMKMJCASJ?PBCACPA?BCI#?CCQRŠ?QQMAG?B??A?BCG?QJCTCQ?A?BCG?JCTCCQQCLAG?JC?A?BCG?JCTC
    PCESJ?R™PG? %GESP?  JESLQNCQOSGQ?BMPCQNPCDCPCKSRGJGX?P?AMKNMQGŽMBCKGMQGL?BCA?BCG?NCQ?B?,"/ BM​
    KžQASJM OSCNMBCQCPBCRCPKGL?B?NMPCJCRPMDMPCQCN?P?QCN?P?P?QNPMRC”​L?QMSSRGJGX?LBM?LRGAMPNMQCQNCA”¤AMQN?P??Q
    NPMRC”​L?Q N?P?BCRCPKGL?P?AMKNMQGŽMBMRGNMBC¤@P?QBCSK??KMQRP?BCh žQASJM-MQh žQASJMQBMQQCPCQFSK?LMQ
    FŠRGNMQNPGLAGN?GQBCA?BCG?QNCQ?B?QBCKGMQGL?( ((?C((V$K?LGK?GQ DMP?KGBCLRG¤A?BMQRGNMQBCA?BCG?QNCQ?B?Q
    ( ((? ((VC((@2CSK?NCQQM?PCBSX?QT?PG?CQKžJRGNJ?QBMQQS@RGNMQBC¤@P?QCKQCPCQFSK?LMQLMQRGNMQBC¤@P?
    KSQASJ?P @ŠQGAMQ (  ((  C ((7 C MQ AMPPCJ?AGML? AMK MQ QS@RGNMQ BC ,'" (  (? C ((V  CJ? CLAMLRP? SK? ?JR?
    AMPPCQNMLB‘LAG? QSECPGLBMOSCMQNPMACBGKCLRMQDMPLCACKPCQSJR?BMQQGKGJ?PCQLMOSCBGXPCQNCGRM?MNCP¤JBMRGNM
    BC ¤@P? h SQASJ?P  QS@RGN?ECK BC ¤@P?Q KpQASJ?P` Q  BGQASRGB? ?LRCPGMPKCLRC  N?PRdASJ?PK` LRC OS?LBM PC?JdX\ B? NCJ?
    K?PA?ŽM B? 3/?QC  NMQQG@GJGR? BCR?JF?KCLRM K?GMP HŠ OSC RCLR?KMQ CLRCLBCP KCJFMP ?Q ?B?NR?CQ BM ​KžQASJM ?M
    RPCGL?KCLRMC?QRP?LQGCQBMQNPGLAGN?GQRGNMQCQCSQQS@RGNMQ?CQQCCQR”KSJM

    86DA0 
    <>;t2D;034<8>B8=0GIFŒ=OF;>?GCIMCH;=IHMCMN??G=;>?C;MJ?M;>;MC>HNC=;M??G
    J;L?M >? =;>?C;M F?P?M ;M =;>?C;M F?P?M L?AOF;N•LC;M 8 )/9 ? ;M =;>?C;M F?P?M ?MM?H=C;CM 8 )"9   $?F >?
    ?F?NLI@IL?M?>;=;>?C;J?M;>;>?GCIMCH;L?JL?M?HN;H>I;M>C@?L?HN?M=;>?C;MJ?M;>;M?GM?L?MBOG;HIM

    ! 

    %D2C4€>6C@x2F?:52564@?ECsE:=>6?@C@F>2:D3sD:425@​>ƒD4F=@6DBF6=xE:4@
    DAC@E6{​?2D?v@4@?ECsE6:D7@C?646>6DECFEFC2A2C22@C82?:J2wv@5@DL=2>6?E@D5624E:?2656>:@D:?2
    D L3C2D [ FD4F=2`6D 4@?Ey> E2?E@ L=2>6?E@D 56 24E:?2 BF2?E@ 56 >:@D:?2 BF6 :?E6C286> F> 4@> @ @FEC@ A2C2 AC@5FJ:C @
    6?4FCE2>6?E@62AC@5Fwv@567@Cw2
    %56D6>A6?9@D6Cs:?MF6?4:25@A6=@DE:A@D56L3C2D>cD4F=2CSD6>F>>°D4F=@
    %DE:A@D56L3C2D[ FD4F=2`6DA@56>D6C56E6C>:?25@DA@CEx4?:42D9:DE@BF{[ :42D564@=@C2wv@52*&2D6A2C256E6C>:?2CD62L3C2
    D6Cs4=2DD:L42524@>@E:A@@FE:A@
    D4256:2DA6D252D56>:@D:?2C6M6E6>@E:A@52L3C2>cD4F=2C

    *4>A803>BJ;0<4=C>B34B;8H0=C4B
    2CH? ?LB?LBM NCJM A?KNM  JCT?LR?LBM SK EP?LBC NCQM MS AMPPCLBM SK? K?P?RML?  M KMTGKCLRM  NPMBSXGBM NCJ?
    AMLRP?ŽMB?Q¤@P?Qh SQASJ?mCQ K?LCGP?AMKMMh žQASJMQCAMLRP?GN?P?NPMBSXGPDMP?NCPK?LCACSSKKGQRPGM?R
    OSCSK?RCMPG?GLRCPCQQ?LRCDMGNPMNMQR?NMPEPSNMQBCNCQOSGQ?BMPCQL?KCR?BCBM​QASJM$QQ?RCMPG? AMLFCAGB?
    AMKM D5?B91 4?C {<1=5>D?C 45C<9J1>D5C  DMG NPMNMQR? CK  RP?@?JFMQ NS@JGA?BMQ L? (;<9, CK   SK BC LBPCU
    'SVJCWC1MJD-GCBCPECPICCMSRPMBC'SEF'SVJCWQCKPCJ?ŽMAMK LBPCU'SVJCW C)C?L'?LQCL$QQCQ?PRGEMQ
    DMPLCACP?K CTGB‘LAG? CVNCPGKCLR?J OSC PCTCJ?T? AMKM M ​KžQASJM CLASPR? C BCQCLTMJTC DMP?  RCMPG? BMQ ¤J?KCLRMQ
    BCQJGX?LRCQB?AMLRP?ŽM​KSQASJ?PNCPK?LCACAMKM?CVNJGA?ŽMK?GQJ™EGA?BCAMKM?QNPMRC”​L?Q​KSQASJ?​PCQGLRCP?ECK
    N?P?NPMBSXGPDMP?
    CQQ‘LAG?B?RCMPG?BMQ¤J?KCLRMQBCQJGX?LRCQPCOSCPOSC?QKSB?L?QLMAMKNPGKCLRMBMQ h žQASJMQQCH?KA?SQ?B?Q
    NCJMQ ¤J?KCLRMQ BC 13D9>1 C BC =9?C9>1 BCQJGX?LBM SLQ QM@PC MQ MSRPMQ N?P? NPMBSXGP DMP? QCK OSC CQQCQ ¤J?KCLRMQ
    KSBCKMQNP™NPGMQAMKNPGKCLRMQNCLQCL??@CPRSP?BCNMPR?QBCAMPPCPBCQJGX?LBMNCJ?N?PRCBCRPŠQB?NMPR? -M
    PCNMSQM ?BGQNMQGŽMBMQ¤J?KCLRMQBC?ARGL?CBCKGMQGL?PCQSJR?CKSKN?BPŽMPCNCRGRGTMBC ®PC?QAJ?P?Q¤J?KCLRMQBC
    ?ARGL? MS BC KGMQGL? QMXGLFMQ  C CQASP?Q ¤J?KCLRMQ BC ?ARGL? C BC KGMQGL? QM@PCNMQRMQ   KSB?L? LM N?BPŽM BC
    CQRPG?KCLRM LM ​KžQASJM GLBGA? ? GLRCP?ŽM CLRPC CQQCQ  ¤J?KCLRMQ -M CQR?BM AMLRP?”_ M AMKNJCR?KCLRC CLASPR?BM
    ?GLB?CVGQRCKCQRPG?Q K?QCJ?Q?NPCQCLR?KSKN?BPŽMBGDCPCLRC$QQ?KSB?L?LMN?BPŽMBCCQRPG?KCLRMMAMPPCBCTGBM?M
    BCQJGX?KCLRMB??ARGL?QM@PC?KGMQGL?
    ,?Q?LRCQOSCCQQCNPMACQQMNMQQ?MAMPPCP "? BCTCQCPJG@CP?BMN?P?MAGRMQMJB?¤@P? h SQASJ?PN?P?OSCCJCNMQQ?
    GLRCP?EGPAMK?KMJASJ?PCESJ?R™PG?RPMNMLGL? OS?LRGB?BCBCGLRCP?CQCLRPCMQ¤J?KCLRMQBC?ARGL?CBCKGMQGL? MS
    MQ AMKNJCVMQ BC ?ARMKGMQGL? DMPK?BMQ  BGR? OS?LR? DMP?  NPMBSXGB? -?Q NP™VGK?Q QCCQ  QCPŠ RP?R?BM AMK K?GQ
    BCR?JFCQAMKMCQQCCLASPR?KCLRMBM​KžQASJM?JA?L?BMLML”TCJKMJCASJ?PBM​KžQASJM

    '2DD@DBF6>656:2>@AC@46DD@564@?EC2wv@
    -MPCNMSQM NPMHCCQMSNMLRCQBMQ¤J?KCLRMQBCKGMQGL?CQRŽMNP™VGK?Q?MQ¤J?KCLRMQBC?ARGL? K?QCJCQLŽMNMBCK
    GLRCP?EGP N?P? NPMTMA?P M CLASPR?KCLRM NMPOSC MQ Q”RGMQ ŠRGAMQ BC ?ARGL? CQRŽM AM@CPRMQ NCJ?Q ¤R?Q B? NPMRC”i ?
    RPMNMKGMQGL?/?P?AMLQCESGPSK?GLRCP?ŽMAMKM¤J?KCLRMBC?ARGL? ?QA?@C?QB?QNMLRCQBC?ARGL?BCTCKQCPA?N?XCQ
    BCQCJGE?P?MQQ”RGMQ?RGTMQB?QNPMRC”​L?QBC?ARGL?(QQMQGELG¤A?OSC?Q¤R?QB?NPMRC”L\ RPMNMKGMQGL? OSCAM@PCKMQQ”RGMQ
    ?RGTMQB??ARGL?L?QQGRS?CQBCPCNMSQM BCTCKQCPPCKMTGB?QN?P?CVNMPMQQ”RGMQ?RGTMQ$QQCBCQJMA?KCLRMCQQCLAG?JB?
    RPMNMKGMQGL?BGQN?P?BMNMPSK?SKCLRML?AMLACLRP?ŽMAGRMQ™JGA?BC"? L?¤@P?h SQASJ?P/?P?CLRCLBCPAMKMGQQM
    ?AMLRCAC BCTC QCPCAMLFCACPOSC?CVAGR?ŽMGLGAG?JB?¤@P? h SQASJ?PAMKC?AMKSKGKNSJQMCJRPGAMOSCGLGAG?BML?
    HSLŽMLCSPM​KSQASJ?P ?HSLŽMQGLŠNRGA?CLRPCMLCSPšLGMKMRMPC?¤@P? h SQASJ?P OS?LBMMLCSPMRP?LQKGQQMPQCJGE??
    QCSQPCACNRMPCQL?QSNCPD”AGCB?¤@P?h SQASJ?PCQQCNPMACQQMBGQASRGBMCKBCR?JFCQLM"?N”RSJM 
    412$*$_^1'1,/27.51(.`64,&1
    . GKNSJQM CJRPGAM  BCRCAR?BM NPGKCGP?KCLRC L? HSLŽM LCSPM​KSQASJ?P  QC NPMN?E? ?RP?TQ B? KCK@P?L? B? ¤@P? *
    KSQASJ?P MSQ?PAMJCK? ?RMQRž@SJMQRP?LQTCPQMQRž@SJMQ3 OSCNCLCRP?K?RMACPLCB?¤@P? ?JA?L?LBMMB5Do3E<?
    C1B3?@<1C=gD93?.PCR”ASJMQ?PAMNJ?QKŠRGAMSK?CQRPSRSP?AM@CPR?NMPKCK@P?L?OSCCLTMJTCA?B?KGM¤@PGJ?BCLRPM
    B? ¤@P? h SQASJ?P C ?EC AMKM SK BCN™QGRM OSC ?PK?XCL? "?  %GESP?   0S?LBM M GKNSJQM CJRPGAM TG?H? NCJMQ
    Rž@SJMQ 3  CJC CVAGR? NPMRC”​L?Q AF?K?B?Q B535@D?B5C & 49894B?@9B949>1  OSC ?ECK AMKM QCLQMPCQ BC TMJR?ECK
    "MKCQQ?CVAGR?ŽM MQPCACNRMPCQBCTMJR?ECKGLRCP?ECKAMKMQB535@D?B5C45B91>?49>1JMA?JGX?BMQL?KCK@P?L?BM
    PCR”ASJMQ?PAMNJ?QKŠRGAM$QQCQPCACNRMPCQBCPG?LMBGL?QŽMMQTCPB?BCGPMQA?L?GQOSC OS?LBMCQRGKSJ?BMQNCJMQQCLQMPCQ
    BC TMJR?ECK BMQ Rž@SJMQ 3  QC ?@PCK N?P? NMQQG@GJGR?P ? JG@CP?ŽM ?@PSNR? BC "?  BM PCR”ASJM Q?PAMNJ?QKŠRGAM N?P? M
    AGRMQMJB?¤@P? h SQASJ?P
    ,%(4$_^1'155b6,15$6,815
    . "?  PCACLRCKCLRC JG@CP?BM QC JGE? CLRŽM L? QS@SLG​B?BC RPMNMLGL? " BM AMKNJCVM NPMRCGAM B? RPMNMLGL?  C CQQ?
    GLRCP?ŽMMOSCBGQN?P??KSB?L?AMLDMPK?AGML?JL?RPMNMKGMQGL? NPCTCLGLBM?QQGKOSCCJ?AS@P?MQQ”RGMQ?RGTMQBM
    ¤J?KCLRM BC ?ARGL?  BCGV?LBM MQ CVNMQRMQ . NPMACQQM NCJM OS?J  CK QGRS?CQ BC PCNMSQM  ? RPMNMKGMQGL? @JMOSCG? MQ
    Q”RGMQ?RGTMQBM¤J?KCLRMBC?ARGL?AF?K?BMBC=?45<?452<?AE59?5CDlB93?LM​KžQASJM"MKMQQ”RGMQ?RGTMQBC
    ?ARGL??EMP?CVNMQRMQ ?QA?@C?QB?QNMLRCQBCKGMQGL?NMBCKAMKC?PMNPMACQQMBCJGE?ŽMAMK??ARGL? OSCPCQSJR?PŠ
    CKžJRGK??LŠJGQC LMCLASPR?KCLRMB?¤@P? h SQASJ?PCL?NPMBSŽMBCDMP?$QQCNPMACQQMBCJGE?ŽM?NPCQCLR?D?QCQ
    BGQRGLR?Q /PGKCGPM FŠ SK CQR?BM DP?AM  OSC  CK AMLBGCQ LŽM D?RGE?LRCQ   QCESGBM NMP SK? D?QC BC JGE?ŽM DMPRC  OSC
    NMQQG@GJGR?NPMBSŽMBCDMP?K?GMPCK?GQPŠNGB?$KAMLBGCQD?RGE?LRCQ CLRPCR?LRM ?RP?LQGŽMBMCQR?BMBCJGE?ŽM
    DP?AMN?P?MDMPRCLŽMMAMPPC PCQSJR?LBMCNPMBSŽMBCDMP?KCLMPCK?GQBCT?E?P
    86DA0   (4Cw2D;> B0A2>?;0B<oC82>  =IHNL;‹ŠI ​GOM=OF;L Œ G?>C;>; J?F; CHN?LLOJ‹ŠI >; =;LA; ?FŒNLC=; >;M
    <IG<;M >? =†F=CI HI L?N=OFI M;L=IJF;MG†NC=I
     KO? >?MFCA; ; <IG<;
     JIMMC<CFCN;H>I KO? I ;  M?D; FC<?L;>I  
    FC<?L;‹ŠI >? =†F=CI >? L?N=OFI M;L=IJF;MG†NC=I J;L; I =CNIMIF L?MOFN; H; FCA;‹ŠI >I ;  =IG I =IGJIH?HN?
    NLIJIHCH; >;GIFŒ=OF;>?NLIJIHCH;
    KO?
    JILMO;P?T
    CHC=C;;GO>;H‹;=IH@ILG;=CIH;F>I=IGJF?RINLIJIHCH;
    NLIJIGCIMCH;
     JOR;H>I ; NLIJIGCIMCH; J;L; @IL; >I MNCI ;NCPI  &MMI @;T =IG KO? ;M =;<?‹;M >; JIHN? =LOT;>; >?
    GCIMCH;M?FCAO?G?IGIPCG?HNI>?CH=FCH;‹ŠI>;=;<?‹;JOR?OG;FCHB;7H;>CL?‹ŠI>;IONL;

    06(4$_g(5(064(15=.$/(0615'($&6,0$('(/,15,0$
    0S?LBMMQ¤J?KCLRMQBC?ARGL?CBCKGMQGL?QCAMK@GL?K DMPK?BMMAMKNJCVM?ARMKGMQGL?4K?TCXOSCCQQ?PC?ŽM
    MAMPPC  ?Q A?@C?Q B?Q NMLRCQ BC KGMQGL? NSV?K ? ?ARGL? L? BGPCŽM BM ACLRPM BM Q?PAšKCPM  C  NPMBSXGB? DMP? $QQC
    KMTGKCLRMB?QNMLRCQBCKGMQGL?AF?K?BMBC=?F9=5>D?456?Bk1 OSCRCKQGBMBCQAPGRMAMKMSKKMTGKCLRMBC
    GLAJGL?ŽM$KMSRP?QN?J?TP?Q ?A?@C?BCKGMQGL?EGP?LMNMLRMB?QS?BM@P?BG?CNSV?MQ¤J?KCLRMQBC?ARGL?QM@PC
    M¤J?KCLRMBCKGMQGL? D?XCLBMAMKOSCMQ?PAšKCPMBGKGLS?CRP?XCLBM?QJGLF?Q9K?GQNCPRMSK?QB?QMSRP?Q%GESP?
     3PGDMQD?RMBC?BCLMQGL? 3/ OSCNPMBSXGBMNMPTG?QCLCPERGA?QBGDCPCLRCQBGQASRGB?QLM"?N”RSJM TGR?JN?P?
    MNPMACQQMBCAMLRP?ŽM A?@C?BCKGMQGL?PCNCRCMKCQKMAGAJMBCCTCLRMQA?B?TCXOSCQCJGE??SKQ”RGM?RGTM(LGAG?
    QC AMK SK? A?@C? BC KGMQGL? JGE?B? ? SK Q”RGM ?RGTM ?N™Q SK KMTGKCLRM BC DMP? RCP MAMPPGBM /?P? OSC ? A?@C? BC
    KGMQGL?QCBCQJGESCBMQ”RGM?RGTM SK?KMJASJ?BC 3/QCJGE?A?@C?BCKGMQGL? BCQD?XCLBMMAMKNJCVM?ARMKGMQGL?
    $K QCESGB?  ? KGMQGL? 3/?QC  JMA?JGX?B? L? A?@C? B? NMLRC BC KGMQGL?  FGBPMJGQ? M 3/ C ? CLCPEG?  SRGJGX?B? N?P?
    PCKMTCP?A?@C?BCKGMQGL?BCTMJR?N?P?OSCCJ?¤OSCQM@PCSKLMTMQ”RGM?RGTMK?GQNP™VGKMB?JGLF?9. #/CM
    DMQD?RM GLMPE‹LGAM /G  DMPK?BMQ AMK ? OSC@P? BM 3/  NCPK?LCACK JGE?BMQ  A?@C? BC KGMQGL? -CQQC CQR?BM
    CLCPEGX?BM ?A?@C?B?NMLRCCQRŠNPMLR?N?P?SK?NP™VGK?GLRCP?ŽMAMKMSRPMQ”RGM?RGTMCVNMQRMK?GQNP™VGKMJGLF?
    9 N™QQCJGE?PDP?A?KCLRC?MLMTMQ”RGM?RGTMB??ARGL?N?P?GLGAG?PMNP™VGKMKMTGKCLRMBCDMP? M/GJG@CP?BMB?
    A?@C? BC KGMQGL? M ¤L?J BM KMTGKCLRM BC DMP?  M #/  JG@CP?BM B? KGMQGL? C ? A?@C? B? KGMQGL?  LMT?KCLRC
    JGE?B? DMPRCKCLRC ?M Q”RGM ?RGTM $QQC AGAJM  PCNCRGBM  PCQSJR?LBM LM KMTGKCLRM BC GLAJGL?ŽM BM KMTGKCLRM BC DMP?
    PCNCRGRGTMBCQAPGRM?LRCPGMPKCLRC$QQ?QC​OS‘LAG?BCAGAJMBCNMLRCQAML​RG​LS?PŠ?QCPPCNCRGBM?ROSC?¤@P? h SQASJ?PLŽM
    QCH? K?GQ CVAGR?B? NCJM QGQRCK? LCPTMQM -CQQC NMLRM  LŽM MAMPPC K?GQ JG@CP?ŽM BC "?  BM PCR”ASJM Q?PAMNJ?QKŠRGAM
    NCPKGRGLBM OSC ? @MK@? BC "?  JMA?JGX?B? L? KCK@P?L? BCQQ? MPE?LCJ? TMJRC MQ L”TCGQ AGRMQ™JGAMQ BC "?  OSCJCQ
    M@QCPT?BMQLMPCNMSQMNMPKMTCPM"? BCTMJR?N?P?MPCR”ASJMQ?PAMNJ?QKŠRGAM$KTGPRSBCB?OSCB?L?AMLACLRP?ŽM
    BC "?  LM AGRMQMJ  ? QS@SLG​B?BC RPMNMLGL? " LŽM CQRŠ K?GQ JGE?B? ?M "?  D?XCLBM AMK OSC ? RPMNMLGL? ACQQC M
    BCQJMA?KCLRML?¤R?BCRPMNMKGMQGL? NCPKGRGLBMOSCCJ?AS@P?LMT?KCLRCMQQ”RGMQ?RGTMQBM¤J?KCLRMBC?ARGL?"MKM
    PCQSJR?BM  ?Q A?@C?Q B?Q NMLRCQ BC KGMQGL? LŽM NMBCK QC JGE?P ?MQ Q”RGMQ ?RGTMQ N?P? DMPK?P MQ AMKNJCVMQ ?ARMKGMQGL?
    LCACQQŠPGMQN?P?CVCASR?PMBCQJMA?KCLRMBCDMP?
    86DA0   #>E8<4=C> 34 8=2;8=0sr> 30 2014s0 ?A>3DH > <>E8<4=C> 34 5>As0 30 2014s0 34 <8>B8=0
    )CA;‹™?M ? >?MFCA;G?HNIM MO=?MMCPIM ;IM MNCIM ;NCPIM L?MOFN;G HI GIPCG?HNI >I VF;G?HNI >? ;=NCH; MI<L? I
    VF;G?HNI>?GCIMCH;
    L?MOFN;H>IH;=IHNL;‹ŠI d OM=OF;L?JLI>O‹ŠI>?@IL‹;
    86DA0  C0?0B302>=CA0sr>​<DB2D;0A,JLI=?MMI=IHNL†NCFŒOG;MŒLC?>?J;MMIMKO?F?P;;I?H=OLN;G?HNI
    >IM;L=–G?LI FAOG;MP?T?MŒ=B;G;>I>?=C=FI>?JIHN?M=LOT;>;M
    !&   -, 
    76<:)dc7​5=;+=4):

    QCR?N?Q@ŠQGA?QLMNPMACQQMAMLRPŠRGJBMQ​KžQASJMQCQOSCJRGAMQGLAJSCK

    D/5@-ed;
     .AMPP‘LAG?BCNMRCLAG?JBC?ŽMLM?VšLGMBMLCSPšLGMKMRMP?JD?
     +G@CP?ŽMBMLCSPMRP?LQKGQQMP?ACRGJAMJGL? "F NCJ?RCPKGL?ŽM?VML?J
     +GE?ŽMB? "F?MQPCACNRMPCQB?KCK@P?L?B?¤@P?h SQASJ?P
     @CPRSP?BMQA?L?GQL?KCK@P?L?B?¤@P? h SQASJ?PAMKECP?ŽMBCAMPPCLRCGšLGA?
     /?QQ?ECKB?AMPPCLRCGšLGA?NCJMQRž@SJMQ3CCQRGKSJ?ŽMBMQPCACNRMPCQ#'/ OSC​?RS?KAMKMQCLQMPCQBC
    TMJR?ECK LMQRž@SJMQ3
     RGT?ŽMNCJMQQCLQMPCQBCTMJR?ECKCQRGKSJ?BMQBMQPCACNRMPCQBCPG?LMBGL? OSCQŽMA?L?GQBC"? JMA?JGX?BMQ
    L?KCK@P?L?BMPCR”ASJMQ?PAMNJ?QKŠRGAM
     N™Q??@CPRSP?BMQPCACNRMPCQBCPG?LMBGL? JG@CP?ŽMBC"? NCJMPCR”ASJMQ?PAMNJ?QKŠRGAMN?P?MAGRMQMJ

    ;:@>-ed;;A1:/A>@-91:@;
     "? QCJGE??RPMNMLGL?"
     4K? ?JRCP?ŽM AMLDMPK?AGML?J L? RPMNMLGL? NPMTMA? M KM​TG​KCLRM B? RPMNMKGMQGL?  CVNMLBM Q”RGMQ ?RGTMQ L?
    KGMQGL?
     QNMLRCQAPSX?B?QB?KGMQGL?QCJGE?K?MQQ”RGMQ?RGTMQCVNMQRMQ
     QA?@C?QB?KGMQGL?EGP?K NSV?LBMMQ¤J?KCLRMQBC?ARGL?QM@PCMQ¤J?KCLRMQBCKGMQGL?
     QA?@C?QB?KGMQGL??BOSGPCK 3/YLMTM^CQCQMJR?KBMQ”RGM?RGTM
     3/?QCL?A?@C?B?KGMQGL?FGBPMJGQ?M 3/ CLCPEGX?LBM?NMLRCAPSX?B?CBCTMJTCLBM ??QS?NMQGŽMGLGAG?J
    BCKMBMOSCNMQQ?QCJGE?P?MSRPMQ”RGM?RGTM
     $LOS?LRMFMSTCP”M​LQAŠJAGMAGRMQ™JGAMQQS¤AGCLRCQ MAGAJMQCK?LRK

    %18-D-91:@;
     .NMRCLAG?JBC?ŽMBM?VšLGMBMLCSPšLGMKMRMP?JD?N?P?
     "? @MK@C?BM?RGT?KCLRCBCTMJR?N?P?MPCR”ASJMQ?PAMNJ?QKŠRGAM
     "? JG@CP?BMB?RPMNMLGL?"
     .QQ”RGMQ?RGTMQQŽMPCAM@CPRMQNMPRPMNMKGMQGL?CRPMNMLGL?
     vLCACQQŠPG?DMP?CVRCPL?N?P?PCQR?@CJCACPMAMKNPGKCLRMCKPCNMSQMBM​KžQASJM

    (61401$1&1/24,/(061​/75&7.$4'(4(21751
    0S?LBM ?Q NMLRCQ APSX?B?Q B? KGMQGL? CQRŽM JGE?B?Q ? SK Q”RGM ?RGTM  CJ?Q AMLQCESCK EGP?P ?NCL?Q LM QCLRGBM OSC
    YCKNSPP?^??ARGL?NMPAGK?B?KGMQGL?BCKMBMOSC?QJGLF?Q9QC?NPMVGK?K PCQSJR?LBMCKCLASPR?KCLRMBM​KžQASJM
    QQGK  ? ¤@P? h SQASJ?P LŽM AMLQCESC PCRMPL?P  NMP QG Q™  ?M QCS AMKNPGKCLRM CK PCNMSQM ?JMLE?BM /?P? D?X‘ JM 
    CQQCLAG?JSK?DMP?CVRCPL?AMKM?EP?TGB?BCMS?AMLRP?ŽM?RGT?BCSK​=wC3E<?1>D17?>9CD1MSQCH? SK​KžQASJMOSC
    BCQCKNCLF?MKMTGKCLRMMNMQRM?MBM?EMLGQR? /MPCVCKNJM BSP?LRC?¥CVŽMBMKCK@PMQSNCPGMPM h žQASJM@”ACNQ
    @P?OSG?JNPMTMA?¥CVŽMBMAMRMTCJMOS?LBMQCAMLRP?GCAMLQGBCP?BMM?EMLGQR?NMPOSCPC?gG u?MKMTGKCLRMBCQCH?BM.
    KžQASJM RP”ACNQ @P?OSG?J NPMTMA? CVRCLQŽM MS PCRG¤A?ŽM BM AMRMTCJM OS?LBM QC AMLRP?G C QCPG? AMLQGBCP?BM ?LR?EMLGQR?
    BSP?LRC ? ¥CVŽM BM KCK@PM QSNCPGMP .@QCPTC OSC ? ?ŽM BM h žQASJM RP”ACNQ @P?OSG?J ?LR?EMLGQR?  ?SKCLR?PG? M
    AMKNPGKCLRMBM​KžQASJM@”ACNQ@P?OSG?J?EMLGQR? BSP?LRCMPCRMPLM?NMQGŽMBCPCNMSQM4KPCQSKMB?QCR?N?QBM
    CLASPR?KCLRMBM​KžQASJM?NPCQCLR?BML?%GESP?CLM!MVC

    ! 

    E6@C:2AC@A@DE2A2C26IA=:42C24@?EC2wv@​>FD4F=2Cx25@DL=2>6?E@D56D=:J2?E6D
    )68F?5@6DE2E6@C:22D2=E6C2w‚6D?@4@>AC:>6?E@5@​>ƒD4F=@Dv@42FD252DA6=@56D=:J2>6?E@5@DL=2>6?E@D5624E:?26>:@D:?2
    F?DD@3C6@D@FEC@D
    D6E2A2D52E6@C:25@DL=2>6?E@D56D=:J2?E6D:?4=F6>
    >C6A@FD@2DA@?E6D4CFJ252D5624E:?26>:@D:?26DEv@6>4@?E2E@ACI:>@>2D?v@@4@CC6=:82wv@
    +>:>AF=D@6=xEC:4@4CFJ22;F?wv@?6FC@​>FD4F=2C62G2?w2A6=@DEƒ3F=@D*@?56@:>AF=D@x56E64E25@A6=@DC646AE@C6D56&
    D6?D@C6D56G@=E286>
    %DC646AE@C6D56&BF2?5@6I4:E25@DA6=@:>AF=D@6=xEC:4@2E:G2>C646AE@C6D56C:2?@5:?2=@42=:J25@D?2>6>3C2?25@C6E{4F=@
    D2C4@A=2D>sE:4@
    %D C646AE@C6D 56 C:2?@5:?2 Dv@ ?2 G6C5256 42?2:D 56 2 6>363:5@D ?2 >6>3C2?2 5@ C6E{4F=@ D2C4@A=2D>sE:4@ 6 BF2?5@
    2E:G25@D23C6>D66=:36C2>2
    %2=:36C25@4@?D68F66?Ev@=:82CD62EC@A@?:?2AC@G@42?5@56DG:@52A@D:wv@52EC@A@>:@D:?26IA@?5@2DD:>@DD{E:@D2E:G@D
    5224E:?2
    DD@A@DD:3:=:E2BF62D4236w2D52DA@?E6D4CFJ252D52>:@D:?2D64@?64E6>2@DD{E:@D2E:G@D5224E:?27@C>2?5@4@>A=6I@D56
    24E@>:@D:?2
    %4@CC6>@G:>6?E@8:C2EC:@524236w252=:82wv@4CFJ25252>:@D:?2C6DF=E2?5@6>"!(#$%#!BF6AC@>@G66?4FCE2>6?E@5@
    D2C4€>6C@6A@CL>5@[ ƒD4F=@
    'F2?5@@D:>AF=D@D​>FD4F=2​C6D56:I2>5649682CuDFA6C7{4:652L3C2 [ FD4F=2CE2>3x>46DD22=:36C2wv@562A6=@C6E{4F=@
    D2C4@A=2D>sE:4@A@DD:3:=:E2?5@BF623@>32562 5@C6E{4F=@D2C4@A=2D>sE:4@C6DE236=6w22D4@?46?EC2w‚6D56C6A@FD@5@2
    

    4:E@D=:4@
    )6>2A2C2D6=:82C2EC@A@?:?22EC@A@>:@D:?2>2:DF>2G6J3=@BF6:2@DD{E:@D2E:G@D?224E:?2:?E6CC@>A6?5@24@?EC2wv@
    >FD4F=2C
    %​>ƒD4F=@{?E68C@C6E@C?22@D6F4@>AC:>6?E@56C6A@FD@6>564@CCy?4:256F>27@Cw26IE6C?24@>@28C2G:5256@FA@C4@?EC2wv@
    2E:G256F>​>ƒD4F=@2?E28@?:DE2

    &A>?A8>24?sr>4B4=C83>28=4BCtB82>

    /?P? OSC M AMPNM PC?JGXC @CK ?Q ?RGTGB?BCQ AMRGBG?L?Q N CV  BCQACP CQA?B?Q  MS ?Q F?@GJGB?BCQ CQNMPRGT?Q N CV  NSJM
    RPGNJM SK?PCRPM?JGKCLR?ŽM MSSK¥SVMAMLQR?LRCBCGLDMPK?ŽMQM@PC?NMQGŽMBMAMPNM NPCAGQ?MAMPPCPLMQGQRCK?
    LCSPM​KSQASJ?P /MBC QC M@QCPT?P M OSŽM GKNMPR?LRC  CQQ? PCRPM?JGKCLR?ŽM OS?LBM QC M@QCPT?K ?Q F?@GJGB?BCQ
    AMKNJCV?QCVG@GB?QNMPEGL?QR?Q KCPESJF?BMPCQ QI?RGQR?Q HME?BMPCQBC@?QOSCRCMSNMPNP?RGA?KCLRCOS?JOSCP?RJCR?PC?​
    JG​X?LBM QCS CQNMPRC  GKNMPR‹LAG? BCQQC ¥SVM AMLQR?LRC BC PCRPM?JGKCLR?ŽM  PCQQ?JR?B? BSP?LRC JCQCQ ?MQ PCACNRMPCQ
    NCPGDPGAMQC™PEŽMQNPMNPGMACNRGTMQCLAMLRP?BMQCK​KžQASJMQCCKMSRPMQRCAGBMQ N™QJCQCQBCQQCRGNM LMQQMQCLRGBM
    BCNMQGŽMCBCMPGCLR?ŽMAMPNMP?GQNCPRSP@?BM D?XCLBMAMKOSCKMTGKCLRMQAMMPBCL?BMQQCH?KBGD”ACGQBCPC?​JG​X?P
    A?N?AGB?BCNPMNPGMACNRGT?BMQGQRCK?LCSPM​KSQASJ?PNMQQG@GJGR?OSCMAMPNMNCPAC@?QS?JMA?JGX?ŽMLMCQN?M
    $QQCQCLRGBMB?NMQGŽMBMAMPNMKMLGRMP?BMNCJ?PCRPM?JGKCLR?ŽMAMKMMAMKNPGKCLRMBM​KžQASJMC?DMP?OSC
    CQRŠQCLBMNPMBSXGB?3?JKMLGRMP?KCLRM?JA?L?BMNCJMQ@B?@B9?35@D?B5C OSCQŽMPCACNRMPCQJMA?JGX?BMQBCLRPMBMQ​
    KžQASJMQ C BMQ RCLBCQ  GLDMPK?ŽM OSC MQ NPMNPGMACNRMPCQ AMJFCK  AMLQR?LRCKCLRC RP?LQKGRGB? N?P? NMPCQ
    AMLQAGCLRCQ C GLAMLQAGCLRCQ BM APC@PM $QQ? GLDMPK?ŽM R?K@K  GKNMPR?LRC N?P? M ?NPCLBGX?BM BC R?PCD?Q KMRMP?Q
    CQNCAG?JKCLRCOS?LBMQŽMPCNCRGB?QTŠPG?QTCXCQ NPMTMA?LBMM5659D?451@B5>49J14? OSC?A?N?AGB?BCBCPCNCRGPSK
    N?BPŽMCQNCA”¤AMBCPCAPSR?KCLRMBCSLGB?BCQKMRMP?QOSCPCQSJR?L?PC? gGu?ŽM@CK QSACBGB?BCSK?F?@GJGB?BC AMKM
    D?XCPSK?PPCKCQQMBSP?LRCMQ?JRMLM@?QOSCRC.KMRGTMNCJMOS?JMQRPCGL?BMPCQD?XCKAMKOSCMQ?RJCR?QNP?RGOSCK
    QS?Q F?@GJGB?BCQ CQNMPRGT?Q PCNCRGB?KCLRC  N?P? ?NPCLBCP N?BPCQ KMRMPCQ CQNCA”¤AMQ OSC NMQQ?K QCP PCNCRGBMQ AMK
    NPCAGQŽM BSP?LRC ? AMKNCRGŽM /MP A?SQ? BMQ KCA?LGQKMQ NPMNPGMACNRGTMQ  SK? NCQQM? NMBC PC?​JG​X?P F?@GJGB?BCQ AMKM
    Q?JRMAMKT?P?MSSK?K?LM@P?BCEGLŠQRGA?CQGKNJCQKCLRCQCLRGPOSCCQRŠACPRM.QNPMNPGMACNRMPCQK?LR‘KMQGQRCK?
    LCPTMQM ACLRP?J GLDMPK?BM AMLQR?LRCKCLRC QM@PC M OSC CQRŠ ?AMLRCACLBM AMK MQ KMTGKCLRMQ AMPNMP?GQ  KSGR?Q TCXCQ
    QS@AMLQAGCLRCKCLRC ,SGRMQ KMTGKCLRMQ QŽM PC?​JG​X?BMQ RŽM P?NGB?KCLRC OSC ? NCQQM? NMBC LCK NCLQ?P QM@PC M
    BCQCKNCLFMB??RGTGB?BCMSB?F?@GJGB?BCCVACRM?LRCQOSCCJCAMKCACNCV ​TGQS?​JGX?PSK?F?@GJGB?BCCQNMPRGT?MSTCP
    SKAMLHSLRMEP?LBCBCN?QQMQ?LRCQBCPC?JGXŠ JMQ 3?JGLDMPK?ŽMAML​R”​LS?TGR?JN?P?MKMTGKCLRMFSK?LMLMPK?J
    @CK AMKM N?P? OS?JOSCP BCQCKNCLFM CQNMPRGTM $QQ? A?N?AGB?BC BC Q?@CP ? NMQGŽM BM AMPNM LM CQN?M  AF?K?B? BC
    C5>D94?39>5CDlC93?

    FD@D>FD4F=2C6D
    .QNPMNPGMACNRMPCQLM​KžQASJMCQOSCJRGAMQŽMAF?K?BMQBC6EC?C​=EC3E<1​B5C QBS?QDSLCQBMQDSQMQ​KSQASJ?​PCQQŽM
    KMLGRMP?P M CQRGP?KCLRM MS M AMKNPGKCLRM BM ​KžQASJM CK OSC CJCQ CQRŽM GLQCPGBMQ C GLGAG?P ? AMLRP?ŽM OS?LBM M ​
    KžQASJM CQRŠ CQRGP?BM . PC¥CVM BC CQRGP?KCLRM  LM OS?J SK h žQASJM P?NGB?KCLRC CQRGP?BM GLGAG? SK? AMLRP?ŽM OS?QC
    GKCBG?R?CKPCQNMQR??MCQRGP?KCLRM ?RPG@S”​BMPCQNMQR?BMQDSQMQ​KSQASJ?​PCQ
    .QDSQMQCQRŽMJMA?JGX?BMQCK¤@P?Q h SQASJ?mCQKMBG¤A?B?QOSCQŽM?PP?LH?B?QCKN?P?JCJMQMSRP?Q¤@P?QBMKžnASJM
    GLRCGPM%GESP?  Q¤@P?Q h SQASJ?mCQKMBG¤A?B?QAMLRCLBMMQDSQMQQŽMAF?K?B?QBC{2B1C9>DB16EC19C$QQ?Q¤@P?Q
    GLRP?DSQ?GQ QŽM AMKNMQR?Q BC SK? ​ŠPC? ACLRP?J QCLQ”TCJ ?M CQRGP?KCLRM MS ​ŠPC? QCLQGRGT?  JGE?B? CK SK? ¤@P? h SQASJ?P
    A?N?XBCQCAMLRP?GP2CSK​KžQASJMCQRGP?BM AMKMOS?LBMQCNCE?K?J?GLCQNCP?B?KCLRCNCQ?B? MQDSQMQR?K@KQŽM
    CQRGP?BMQ.QLCPTMQQCLQGRGTMQBMQDSQMQA?PPCE?KSKGKNSJQMN?P??KCBSJ?CQNGL?J MLBCMQLCSPšLGMQQCLQGRGTMQD?XCK
    QGL?NQCQ AMK MQ LCSPšLGMQ KMRMPCQ ?JD? .Q LCSPšLGMQ KMRMPCQ ?JD? RP?LQKGRCK SK GKNSJQM LCPTMQM PC¥CVM N?P? M *
    KžQASJM  A?SQ?LBM SK? AMLRP?ŽM  MS CLASPR?KCLRM BM ​KžQASJM CQRGP?BM  ?JGTG?LBM ? NPCQQŽM LMQ DSQMQ K?GQ QM@PC
    PC¥CVMQ LM "?N”RSJM   M KCQKM RCKNM  MSRPMQ LCSPšLGMQ GLG@CK ? ?RGT?ŽM BMQ h žQASJMQ ?LR?EMLGQR?Q BM h žQASJM
    CQRGP?BMBCKMBMOSCCJCQLŽMGLRCP¤P?KLMCLASPR?KCLRMPC¥CVMBCQCH?BMBMKº QASJM?EMLGQR?#CSKNMLRMBCTGQR?
    NPŠRGAM PC?​JG​X?PCVCPA”AGMQAMKNP CQRGP?KCLRMNCV CLASPR?PMQ​KžQASJMQNCGRMP?GQCKSKQSNGLMD?XCLBMSKEP?LBC
    ?NCPRM C NSV?P QS?Q AJ?T”ASJ?Q SK? CK BGPCŽM  MSRP?  QC ?NPMTCGR? BCQQC CQRGP?KCLRM PC¥CVM $QQC PC¥CVM  SK?
    CVNJGA?ŽMN?P??K?GMPNPMBSŽMBCDMP?AMKSKNP CQRGP?KCLRM?LRCQBCSK??RGTGB?BC/MPCVCKNJM HME?PSK?@MJ?
    MK?GQJMLECNMQQ”TCJEGP?LBMM@P?M OSC?ECAMKMSKNP CQRGP?KCLRM CBCNMGQHME?P?@MJ?N?P?LBMLM¤KBMEGPM
    NMPTŠPGMQQCESLBMQ?LRCQBCHMEŠ J?#C¤LGRGT?KCLRC?@MJ?QCPŠHME?B?K?GQJMLECAMKMNP CQRGP?KCLRMBMEGPMCK
    N?PRCNMPA?SQ?B??ŽMPC¥CV?BMCQRGP?KCLRMLMQDSQMQ h SQASJ?mCQ
    86DA0   DB>B ​<DB2D;0​A4B ,M @OMIM ​GOM=OF;​L?M ?HPC;G CH@ILG;‹™?M MI<L? I =IGJLCG?HNI ? ; N?HMŠI >;M
    V<L;M d i ?M J;L; I G;CM ;FNI =?HNLI >I =ŒL?<LI  &MNI Œ GOCNI CGJILN;HN? J;L; B;<CFC>;>?M J;>LIHCT;>;M
     ?G
    OM=OF;
    KO? ; JIMC‹ŠI >I ​GšM=OFI ? I >?M?HPIFPCG?HNI >? @IL‹; JL?=CMI >?N?LGCH;G ; ?V=†=C; >; B;<CFC>;>? KO? ?MN†
    M?H>I?R?=ON;>;J ?R
    NI=;L?GOG;LL?G?MMI>?<;MKO?N?

    .Q LCSPšLGMQ KMRMPCQ ?JD? GLCPT?K ?Q ¤@P?Q h SQASJ?mCQ OSC LŽM AMLR‘K DSQMQ AF?K?B?Q ¤@P?Q CVRP?DSQ?GQ  C MQ
    LCSPšLGMQKMRMPCQE?K?GLCPT?K?Q¤@P?QGLRP?DSQ?GQ"MKMMQDSQMQh SQASJ? mCQQŽMCLAMLRP?BMQCK¤@P?QKpQASJ?P` Q
    DSLAGML?GQ  M QGQRCK? LCPTMQM NMBC PCESJ?P M AMKNPGKCLRM C  NMPR?LRM  ? QCLQG@GJGB?BC BMQ DSQMQ Q KSB?L?Q LM
    AMKNPGKCLRM B?Q ¤@P?Q h SQASJ?mCQ HSQRCQ BCQQC RGNM LMQ DSQMQ NMQQG@GJGR?K OSC CJCQ KMLGRMPCK K?GQ NPCAGQ?KCLRC M
    AMKNPGKCLRMBMQ​KžQASJMQCKOSCCJCQCQRŽMGLQCPGBMQ3?GQ?HSQRCQN?PCACK?AMLRCACPCK?RJCR?QRPCGL?BMQ D?XCLBMAMK
    OSCCJCQQCH?KA?N?XCQBCPC?​JG​X?PKMTGKCLRMQ?JR?KCLRCAMKNJCVMQC@CKNP?RGA?BMQ

    kC8v@E6?5:?@D@56@=8:
    . NPMNPGMACNRMP LM RCLBŽM OSC AMLCAR? MQ ​KžQASJMQ ?M MQQM  AF?K?BM BC sB7j? D5>49>?C? 45 ?<79  NPGLAGN?J
    DSLŽMBM™PEŽMRCLBGLMQMBC&MJEGPCQNMLBCPRCLQŽMDMP? BCLRPMBMRCLBŽM%GESP? 2C?QDMP?QCVCPAGB?Q
    LMQRCLBCQQŽMKSGRMEP?LBCQ NMBCKMAMPPCPB?LMQ CM™PEŽMRCLBGLMQMBC&MJEG?RGT?BM#CTGBMQS?JMA?JGX?ŽMLM
    RCLBŽM  CQQC NPMNPGMACNRMP  @CK NMQGAGML?BM N?P? KMLGRMP?P ? RCLQŽM BCQCLTMJTGB? NCJM ​KžQASJM GLRCGPM C LŽM ?NCL?Q
    qG_ S?GQ.LCSPšLGMQCLQGRGTMBCA?B?™PEŽMRCLBGLMQMBC&MJEGQCCQRCLBC?R?KCBSJ?CQNGL?J MLBCD?X
    NCJ?Q¤@P?QGL_ G
    QGL?NQC AMK MQ LCSPšLGMQ KMRMPCQ ?JD? R?LRM BM ​KžQASJM ?EMLGQR? OS?LRM BM ?LR?EMLGQR? "MKM SK ​KžQASJM ?RGT?BM
    BCQCLTMJTCDMP? ?RCLQŽMBCLRPMBMRCLBŽM​KSQASJ?P?SKCLR?CKMLGRMP?B?NCJM™PEŽMRCLBGLMQMBC&MJEG2C?RCLQŽM
    QCRMPL?EP?LBCM@?QR?LRCN?P?B?LG¤A?PM h žQASJMMSMRCLBŽM M™PEŽMRCLBGLMQMBC&MJEGGLG@CM h žQASJM?RGT?BM
    RCLQŽMBCLRPMBM​KžQASJM?JGTG?B?BCKMBMOSCMB?LM?M​KžQASJMCMS?MRCLBŽMNMBCQCPCTGR?B?
    QCLQG@GJGB?BCNPMNPGMACNRGT?B?NMQGŽMAMPNMP?J?DCR?B?NCJ?D?BGE? BCKMLQRP?LBM?GKNMPR‹LAG?BMRPCGL?KCLRMC
    BM AMLBGAGML?KCLRM N?P? CTGR?P  MS NCJM KCLMQ PCBSXGP  ? D?BGE? BSP?LRC ?Q AMKNCRGCQ ?RJRGA?Q (LRCPCQQ?LRCKCLRC
    LMTMQKRMBMQBCRPCGL?KCLRMCQRŽMQCLBM?BGAGML?BMQ?NPMEP?K?QBCCVCPA”AGMQAMKMM@HCRGTMBC?SKCLR?PM¥SVMBC
    GLDMPK?CQBM​KžQASJMQN?P?MQGQRCK?LCPTMQMACLRP?JCBCTMJR?N?P?M​KžQASJM"MKMRPCGL?KCLRMCDCRGTMBCQQ?QTG?Q
    LCSPM​KSQASJ?​PCQBC¥SVMBCGLDMPK?ŽM CQNCP? QCOSCCJCQQCH?KK?GQPCQGQRCLRCQ?MGL”AGMB?D?BGE? NMQQG@GJGR?LBMOSCM
    BCQCLTMJTGKCLRM BC KMTGKCLRMQ ?RJRGAMQ AMKNJCVMQ AMLRGLSC CK L”TCGQ ™RGKMQ NMP NCP”M​BMQ K?GMPCQ BC RCKNM $K
    ?JESLQ A?QMQ  M M@HCRGTM  ?SKCLR?P M GL¥SVM CVAGR?R™PGM BMQ DSQMQ h SQASJ?mCQ N?P? MQ EPSNMQ BC LCSPšLGMQ KMRMPCQ C
    BGKGLSGP?GLG@GŽMNCJM™PEŽMRCLBGLMQMBC&MJEG PCQSJR?LBMCKNPMBSŽMK?GMPBCDMP?NCJMQ ​KžQASJMQ 
    86DA0   hA6r> C4=38=>B> 34 >;68 , •LAŠI N?H>CHIMI >? $IFAC @OH=CIH; JLIN?A?H>I IM ​GšM=OFIM ? IM
    N?H>™?M JIL L?MJIH>?L ‰ KO;HNC>;>? >? N?HMŠI HIM N?H>™?M  0? ; N?HMŠI Œ GOCNI AL;H>?
     I >?M?HPIFPCG?HNI >?
    @IL‹;J?FI​GšM=OFIŒ>CGCHO​>I
    ! 

    &C@AC:@46AE@C6D56E64E2>2A@D:wv@5@4@CA@A@C>6:@5@>@?:E@C2>6?E@5@4@>AC:>6?E@5@​>ƒD4F=@6527@Cw2D6?5@AC@5FJ:52
    &C@AC:@46AE@C6DEC2?D>:E6>:?7@C>2wv@:>A@CE2?E62C6DA6:E@52A@D:wv@5@4@CA@652@C:6?E2wv@2@D:DE6>2?6CG@D@46?EC2=
    %D7FD@D​>FD4F=2​C6D>@?:E@C2>@6DE:C2>6?E@6@4@>AC:>6?E@5@​>ƒD4F=@6:?:4:2>F>24@?EC2wv@A2C2C65FJ:C@6DE:C2>6?E@?@​
    >ƒD4F=@
    %C8v@E6?5:?@D@56@=8:C6DA@?56uE6?Dv@7@Cw256?EC@5@E6?5v@

    0?0283034B34?A>3Dsr>345>As0

    /MPA?SQ?BCQS?A?N?AGB?BCBCNPMBSXGP?DMP?LCACQQŠPG?N?P?NPMTMA?PMKMTGKCLRMBMQKCK@PMQCBMAMPNMGLRCGPM M
    KžQASJMCQOSCJRGAMPCNPCQCLR? R?JTCX MN?NCJK?GQGKNMPR?LRCL?BCRCPKGL?ŽMBMBCQCKNCLFMBCSK?NCQQM?BSP?LRC
    CVCPA”AGMQCCQNMPRCQ A?N?AGB?BCBCM​KžQASJMNPMBSXGPDMP?AP”RGA?LŽM?NCL?QN?P?MBCQCKNCLFMCQNMPRGTM K?Q
    R?K@KN?P?PC?​JG​X?P?QR?PCD?QB?TGB?BGŠ​PG?"MKGQQMCKKCLRC GKNMPR?LRCCLRCLBCPMQRGNMQBGDCPCLRCQBC?ŽM​
    KSQASJ?P KMBMQBCCVCPA”AGMCAMKMDMP? NMR‘LAG?CTCJMAGB?BCBCAMLRP?ŽMQCPCJ?AGML?K

    +:A@D562wv@>FD4F=2C
    0S?LBM M ​KžQASJM  ?RGT?BM C NPMBSX DMP?  CJC NMBC CLAMJFCP  NCPK?LCACP BM KCQKM R?K?LFM MS PCQGQRGP ?M
    ?JMLE?KCLRM $QQCQ  RGNMQ BC ?ŽM ​KSQASJ?P QŽM AF?K?BMQ RGNGA?KCLRC BC AMLA‘LRPGA?  9C?=lDB931 C 5H3m>DB931
    PCQNCARGT?KCLRC%GESP?  MNCLQ?PQM@PCMOSC?AMLRCACBSP?LRCMJCT?LR?KCLRMBCNCQM NMBC QCTCPD?AGJKCLRC?Q
    BGDCPCL?QCLRPCCQQ?Q?CQ​KSQASJ?​PCQ-MPK?JKCLRC OS?LBMMNCQMCQRŠQCLBMJCT?LR?BM MQ​KžQASJMQCLTMJTGBMQCQRŽM
    CLASPR?LBM?ŽM​KSQASJ?PAMLA‘LRPGA? B?”MRCPKMAMLRP?ŽM#SP?LRCCQQ?Q?CQAMLA‘LRPGA?Q ?DMP?NPMBSXGB?NCJM​
    KžQASJMCVACBC?OSCGKNMQR?NCJ?PCQGQR‘LAG? MSMNCQM2CSK?NCQQM?A?N?XBCAMKNJCR?PSKQSNGLMBC IE 
    NMPOSCQCSQ​KžQASJMQDMP?KA?N?XCQBCECP?PK?GQBC IEBCDMP?$KSK??ŽM​KSQASJ?PGQMKRPGA? ?QA?@C?QBC
    ?ARGL?NCPK?LCACKJGE?LBMCBCQJGE?LBMLMKCQKMQ”RGMBM¤J?KCLRMBC?ARGL??RGTMMSNP™VGKM?CJC QQGK LŽMMAMPPC
    LCLFSKKMTGKCLRMTGQ”TCJ K?QBCQCLTMJTGB?DMP?L?RCLR?RGT?BCAMLRP?GP-CQQCA?QM ?DMP?NPMBSXGB?NCJM​KžQASJM
    ?RGTMGES?JPCQGQR‘LAG?OSCQCMNC?MQCSKMTGKCLRM4KCVCKNJMQCPG?OS?LBM LMKCGMBCSK?PCNCRGŽMBCQSNGLM
    MNCQMQCESP?BMN?P?BM4KCVCKNJMBC?ŽMCVA‘LRPGA?QCPG?OS?LBMMNCQMCQRŠQCLBM?@?GV?BMBCK?LCGP?AMLRPMJ?B?
    B?NMQGŽMBC@P?MQCQRCLBGBMQ?RMNCGRMLMQSNGLM"MLDMPKCMNCQM?@?GV?BM MQ​KžQASJMQCLTMJTGBMQCQRŽMQCLBM
    ?JMLE?BMQ CLOS?LRM NPMBSXCK DMP? #SP?LRC SK? ?ŽM ​KSQASJ?P CVA‘LRPGA?  ? A?PE?  MS PCQGQR‘LAG?   K?GMP BM OSC ?
    DMP?NPMBSXGB?NCJM​KžQASJM(QQMNMBC?AMLRCACPR?LRMOS?LBMM​KžQASJMCQRŠCVCPACLBM?OS?LRGB?BCKŠVGK?BCDMP?
    BC OSC CJC  A?N?X  K?Q LŽM  ?BCOS?B? N?P? QSNCP?P ? PCQGQR‘LAG?  MS OS?LBM SK GL​BG​T”​BSM BGKGLSG BCJG@CP?B?KCLRC ?
    NPMBSŽMBCDMP?​KSQASJ?PN?P?RMPL?PNMQQ”TCJOSCM​KžQASJMCQRGPCEP?BS?JKCLRC-MQA?QMQ ?QA?@C?QBCKGMQGL?
    GLRCP?ECKAMKMQQ”RGMQ?RGTMQBMQ¤J?KCLRMQBC?ARGL?N?P?BGKGLSGPM?JMLE?KCLRMBM h žQASJMNCJ?JGE?ŽM K?QLŽM
    AMKNJCR?KMKMTGKCLRMBCCLASPR?KCLRMNCJ?GLAJGL?ŽMLMPK?JBGQASRGB??LRCPGMKCLRC
    86DA0  G8BC4< C8?>B1oB82>B340sr>​<DB2D;0A2>=2u=CA8204G2u=CA82048B><tCA820 IH=HNLC=;
    H;
    KO;F I ​GšM=OFI ?H=IFB? CMIGŒNLC=;
     ?G KO? HŠI B† GO>;H‹;M HI =IGJLCG?HNI >I ​GšM=OFI P?FI=C>;>?  ?
    ?R=HNLC=;
    ?GKO?B†;FIHA;G?HNI>I​GšM=OFI?HKO;HNI?F?JLI>OT@IL‹; >;JN;>;=IGJ?LGCMMŠI>?(HONNA?H
    ?(L;?G?L 

    +6C>@DFE:=:K25@DA2C256D4C6G6C@6I6C4{4:@56C6D:DEy?4:2
    .RCPKM9C?Dt>93?MRCPKMK?GQNMNSJ?PSRGJGX?BMN?P?BCQAPCTCPMQRGNMQBCCVCPA”AGMQBCPCQGQR‘LAG?C DPCOSCLRCKCLRC
    OS?JOSCPCVCPA”AGMBCKMTGKCLRM$JCGLDCPCOSCM​KžQASJMNPMTMA??KCQK?OS?LRGB?BCBCDMP?NMPRMB??BSP?ŽMBM
    KMTGKCLRM 0:6 QGELG¤A? GES?J C RšLGAM QC PCDCPC  RCLQŽM  MS DMP?  NPMBSXGB? NCJM h žQASJM  )Š OSC ? OS?LRGB?BC BC
    DMP? NPMBSXGB? L? QPGC BC KMTGKCLRMQ ​KSQASJ?​PCQ T?PG? K?GQ QM@PC CQRC ?QQSLRM ?BG?LRC LCQRC A?N”RSJM  SK? ?ŽM ​
    KSQASJ?PGQMRšLGA?LŽMMAMPPCPG?LMPK?JKCLRC?KCLMQOSCQCSQCSKQGQRCK??T?L?BMBCPCQGQR‘LAG?AMKNSR?BMPGX?B?
    OSC KMBSJC ? DMP? C ? TCJMAGB?BC BM KMTGKCLRM QQGK  CK TCX BM RCPKM GQMRšLGAM  M RCPKM B5C9CDm>391 5HD5B>1
    3?>CD1>D5 49>h=931 RCK QGBM SRGJGX?BM N?P? BCQAPCTCP CQQC RGNM A?P?ARCP”QRGAM BC ?RGTGB?BC ​KSQASJ?P CK CVCPA”AGMQ AMK
    PCQGQR‘LAG?Q CVRCPL?Q  AMKM NCQMQ JGTPCQ MS NGJF?Q BC NCQM CK SK? KŠOSGL?  C OSC ? PCQGQR‘LAG? NCPK?LCAC ? KCQK?
    BSP?LRC RMB? ? BSP?ŽM BM KMTGKCLRM C?9>5B391<  MSRPM RCPKM SRGJGX?BM  LM JSE?P BC GQMRšLGAM  N?P? BCQAPCTCP SK
    KMTGKCLRM BC CVCPA”AGM AMK TCJMAGB?BC T?​PGŠ​TCJ C PCQGQR‘LAG? AMLQR?LRC BSP?LRC RMB? ? BSP?ŽM BM KMTGKCLRM
    (5C9CDm>391F1​B9g​F5<BCQAPCTCKŠOSGL?QBCNCQMOSCNPMBSXCKKSB?L?QL?PCQGQR‘LAG?BSP?LRC?BSP?ŽMBMKMTGKCLRM
    ECP?JKCLRCCKSK?RCLR?RGT?BCGES?J?P?T?PG?ŽMBCDMP?NPMBSXGB?NCJM​KžQASJMBSP?LRCMCVCPA”AGM,ŠOSGL?QFGBPŠS​
    JGA?QPCQGQR‘LAG??NCL?QAMLA‘LRPGA? CNLCSKŠRGA?QPCQGQR‘LAG?QAMLA‘LRPGA?CCVA‘LRPGA? SRGJGX?LBM¥SGBMQAMKNPGKGBMQ
    C?P R?K@KNMBCKAPG?PPCQGQR‘LAG?QCVRCPL?QOSCT?PGCKN?P?RCLR?PGES?J?P?PCQGQR‘LAG?QA?N?AGB?BCQBCNPMBSŽMBC
    DMP?BSP?LRCMBCQJMA?KCLRMCKSKCVCPA”AGM
    . RCPKM 9C?39>lD93?  SRGJGX?BM N?P? BCQAPCTCP ?Q ?CQ ​KSQASJ?​PCQ CK OSC ? TCJMAGB?BC BM KMTGKCLRM BM KCK@PM
    BSP?LRCMBCQJMA?KCLRMK?LRGB?AMLQR?LRCSRGJGX?LBMSKBGL?KšKCRPMGQMAGLRGAM0:6LMT?KCLRCQGELG¤A?LBMGES?JC
    *05d;0*6QGELG¤A?LBMKMTGKCLRM $QQCRGNMBC?N?PCJFMQM¤QRGA?BMNMQQG@GJGR?OSC?TCJMAGB?BCBCSKKMTGKCLRMBSP?LRC
    SK? PCNCRGŽM QCH? ?HSQR?B? ? SK? R?V? AMLQR?LRC C CQNCA”¤A? C  CLRŽM  KCBC M RMPOSC MS QCH?  ? DMP? PMR?AGML?J
    NPMBSXGB??SK?TCJMAGB?BCCQNCA”¤A?$QQCQRGNMQBCKŠOSGL?QQŽMLMPK?JKCLRCCLAMLRP?BMQCKQ?JCQBCRPCGL?KCLRM
    ?RJRGAMCAJ”LGA?QBC¤QGMRCP?NG? CQŽMSRGJGX?B?QN?P??T?JG?CQAJ”LGA?QB?DSLŽMB?Q?PoGASJ?CQCKKMTGKCLRMQBC?P*
    RGASJ?ŽM AMLA‘LRPGAMQ CMS CVA‘LRPGAMQ 4K? ?ŽM GQMAGLRGA? PCOSCP M SQM BC SK BGL?KšKCRPM N?P? NPMBSXGP M CDCGRM
    BCQCH?BM BC TCJMAGB?BC AMLQR?LRC NMPOSC CQQC RGNM BC ?ŽM ?P​RGASJ?P LŽM  BCQAM@CPR? CK ?RGTGB?BCQ D”QGA?Q LMPK?GQ .
    RPCGL?KCLRM AMK MQ BGL?KšKCRPMQ GQMAGLRGAMQ DMG ?RP?CLRC GLGAG?JKCLRC  NMGQ CJC NMQQG@GJGRMS M RPCGL?KCLRM ? ?JR?Q
    TCJMAGB?BCQBCKMTGKCLRMNCV j\QZ OSCGKGR?KMTGKCLRMQBCNMR‘LAG? CMQ?N?PCJFMQK?LRGLF?KMQB?BMQBMQ
    PCQSJR?BMQB?QQCQQCQBCRPCGL?KCLRMAMKNSR?BMPGX?BMQ/MPK ?K?GMPG?BMQBGL?KšKCRPMQGQMAGLRGAMQNMQQG@GJGR?OSC
    ?NCL?QEPSNMQN?P​RGASJ?PCQBC​KžQASJMQQCH?KRPCGL?BMQCKKMTGKCLRMQQGKNJCQMSGQMJ?BMQMSQCH? CVRCLQCQBCHMCJFMC
    BC N?LRSPPGJF?  OSC  CK ECP?J  LŽM MAMPPCK CK ?RGTGB?BCQ CQNMPRGT?Q #CQQ? K?LCGP?  ? RP?LQJ?ŽM BM RPCGL?KCLRM AMK
    ?CQ​KSQASJ?​PCQGQMAGLRGA?QN?P???RGTGB?BC​KSQASJ?PLMPK?JL?TGB?AMRGBG?L?MSLMQCQNMPRCQQCPG?K”LGK? SK?TCX
    OSC ? K?GMPG? BCQQ?Q ?RGTGB?BCQ CLTMJTC KžJRGNJMQ EPSNMQ ​KSQASJ?​PCQ AMLRP?GLBM CK QC​OS‘LAG?Q ?JR?KCLRC AMMPBCL?B?Q
    $K@MP? QCS SQM AMKM ?N?PCJFM BC RPCGL?KCLRM N?P? ?RJCR?Q BC AMKNCRGŽM NMQQ? QCP JGKGR?BM  BGL?KšKCRPMQ BC
    PCQGQR‘LAG? NMBCK QCP SRGJGX?BMQ CDCRGT?KCLRC N?P? ?T?JG?P AMK NPCAGQŽM MS N?P? RCQR?P TŠPGMQ N?P‹KCRPMQ B? DSLŽM ​
    KSQASJ?P GLAJSGLBMDMP? R?V?BMNGAMBCDMP?CPCQGQ​R‘LAG?

    FCG27@Cw2G6=@4:5256
    3EBF16?Bk1F5<?394145BCKMLQRP??GL​¥S‘L ^G?B?KSB?L?B?TCJMAGB?BCBMKMTGKCLRML?A?N?AGB?BCBCNPMBSŽMBC
    DMP? BM ​KžQASJM $QQ? PCJ?ŽM AJŠQQGA? DMG NPGKCGP?KCLRC BCQAPGR? CK CVNCPGKCLRMQ SRGJGX?LBM ​KžQASJMQ GQMJ?BMQ NCJM
    E?LF?BMPBM/P‘KGM-M@CJNPMDCQQMP PAFG@?JB5GTG?L 5 'GJJB?4LGTCPQGRW"MJJCEC CK+MLBPCQ PCJ?ŽMCLRPC?
    DMP?KŠVGK?OSCSK​KžQASJMNMBCNPMBSXGPC?TCJMAGB?BCBMKMTGKCLRMBCNCLBCBMRGNMBC?ŽM​KSQASJ?PSQ?B?MS
    QCH? D?QCQCVA‘LRPGA? GQMKRPGA?CAMLA‘LRPGA? KMQRP?B?L?%GESP?

    86DA0   DAE0 5>As0E4;>283034 ?0A0 0B 50B4B 2>=2u=CA820 4 4G2u=CA820 3> <>E8<4=C>  =OLP; @IL‹;
    P?FI=C>;>? >CN; ; L?F;‹ŠI >; =;J;=C>;>? >? JLI>O‹ŠI >? @IL‹; >I ​GšM=OFI =IG I ;OG?HNI >? P?FI=C>;>? >I
    GIPCG?HNI =IH=HNLC=I ? ?R=HNLC=I   @IL‹; JLI>OTC>; J?F; ;‹ŠI ​GOM=OF;L =IH=HNLC=; >CGCHOC =IH@ILG? ;
    P?FI=C>;>? ;OG?HN;
     ?HNL?N;HNI
     ; @IL‹; JLI>OTC>; J?F; ;‹ŠI ​GOM=OF;L ?R=HNLC=; ;OG?HN; =IH@ILG? ; P?FI=C>;>?
    ;OG?HN;

    "MKM ?NPCQCLR?BM L? ¤ESP?  CVGQRCK BGDCPCL?Q L”RGB?Q L?Q PCJ?CQ BC DMP? TCJMAGB?BC CLRPC ?Q ?CQ h SQASJ? mCQ
    AMLA‘LRPGA?CCVA‘LRPGA?"MKMNMLRMGLGAG?J SRGJGX? QC?NPMBSŽMBCDMP?GQMKRPGA?KŠVGK? OSC NMPBC¤LGŽM CQRŠL?
    TCJMAGB?BC XCPM 2C M KMTGKCLRM ?AMLRCAC AMK TCJMAGB?BC APCQACLRC SRGJGX?LBM SK? ?ŽM ​KSQASJ?P AMLA‘LRPGA?  ?
    NPMBSŽM BC DMP? BGKGLSG  ? NPGLA”NGM BP?QRGA?KCLRC  AMLDMPKC ? TCJMAGB?BC BM KMTGKCLRM ?SKCLR? s KCBGB? OSC ?
    TCJMAGB?BC AML​RG​LS? ? ?SKCLR?P  M BCAJ”LGM B? DMP? QC RMPL? K?GQ KMBCP?BM /MPK  CK OS?JOSCP TCJMAGB?BC  ? DMP?
    NPMBSXGB?NCJ??ŽM​KSQASJ?PAMLA‘LRPGA?4,569BMOSC?OSCJ?B??ŽMGQMKRPGA?KŠVGK?$LRPCR?LRM QCMKMTGKCLRM
    ?AMLRCAC AMK TCJMAGB?BC APCQACLRC CK SK? ?ŽM CVA‘LRPGA?  ? DMP? KŠVGK? BC D?RM ?SKCLR? AMLDMPKC ? TCJMAGB?BC
    APCQAC LMT?KCLRC  ? NPGLA”NGM  @CK K?PA?B?KCLRC  K?Q AMLDMPKC ? TCJMAGB?BC ?SKCLR?  ?Q CJCT?CQ L? NPMBSŽM BC
    DMP? CVA‘LRPGA? QC RMPL?K K?GQ KMBCP?B?Q  ?JA?L?LBM CTCLRS?JKCLRC SK NJ?Rš $K OS?JOSCP TCJMAGB?BC B? ?ŽM
    CVA‘LRPGA?  ? DMP? KŠVGK? NPMBSXGB?  QCKNPC 4(069 BM OSC BSP?LRC ?Q ?CQ GQMKRPGA?Q KŠVGK?Q APCBGR? QC OSC M
    ?SKCLRMBCNPMBSŽMBCDMP?AMKM?SKCLRMB?TCJMAGB?BCBSP?LRC?Q?CQCVA‘LRPGA?QQCBCT??MAMKNMLCLRCCJŠQRGAM
    BM​KžQASJM"MLRSBM ?GLB?LŽMFŠSKCLRCLBGKCLRMAMKNJCRMBMQKMRGTMQN?P?R?JPCQNMQR?
    vGKNMPR?LRCLMR?POSC?QEP?LBCQDMP?QTGQR?QAMK?CQ​KSQASJ?​PCQCVA‘LRPGA?QKŠVGK?QMSNP™VGK?QKŠVGK? OSC
    QŽMKSGRMK?GMPCQBMOSC?OSCJ?QECP?B?QBSP?LRC?Q?CQGQMKRPGA?QCAMLA‘LRPGA?QKŠVGK?Q DMP?KGBCLRG¤A?B?QAMKM
    SK? B?Q NPGLAGN?GQ A?SQ?Q BC B?LM ​KSQASJ?P AMK M CVCPA”AGM CQ CVA‘LRPGA?Q R‘K QGBM AF?K?B?Q BC CQRPCQQMPCQ
    KCA‹LGAMQ BM ​KžQASJM ?B ​=EC3E<1B 45 9>o39? B5D1B414? #(  SK BMQ NPGLAGN?GQ QGLRMK?Q BC B?LM ​KSQASJ?P
    BCTGBM ? ?JR?Q A?PE?Q CVA‘LRPGA?Q !MVC   (LBGT”BSMQ QCK RPCGL?KCLRM QŽM CQNCAG?JKCLRC QCLQ”TCGQ ? CQQCQ EP?LBCQ
    CQRPCQQCQKCA‹LGAMQC NMPR?LRM NPMEP?K?QBCCVCPA”AGMQOSCAMLRCLF?K?CQCVA‘LRPGA?QNCV RPCGL?KCLRMLCE?RGTMBC
    NCQMMSAMPPGB?CKBCAJGTC BCTCKAMKC?PAMKGLRCLQGB?BCQMSNCQMQKCLMPCQC?SKCLR?PEP?BS?JKCLRC?RNCQMQMS
    GLRCLQGB?BCQK?GMPCQN?P?NCPKGRGPOSCMAMPP?K?B?NR?CQOSCGPŽMKGLGKGX?PMB?LM​KSQASJ?PC?BMP$QQ??@MPB?ECK
    BC?SKCLR?PEP?BS?JKCLRC?PCQGQR‘LAG?MS?A?PE?SRGJGX?B?BSP?LRC?QQCQQCQBCCVCPA”AGMQ QM@PCRSBMAMKMRPCGL?KCLRM
    BCPCQGQR‘LAG? AMLFCAGB?AMKMC?2B531B71@B?7B5CC9F1

    ,4& 
    9=-+)=;)),7:​5=;+=4):,-16h+17:-<):,),7
    $QNCAG?JGQR?Q?APCBGR?KOSC?BMP​KSQASJ?PBCGL”AGMPCR?PB?BM#,(1 QCBCT??SKB?LM?MRCAGBMA?SQ?BMNCJM
    CQRPCQQC KCA‹LGAM LM ​KžQASJM C LM RCLBŽM .AMPPCK KGAPMPPMKNGKCLRMQ L?Q ¤@P?Q h SQASJ?mCQ  A?SQ?LBM
    BCQ?PP?LHMQLMQ?PAšKCPMLMPK?JKCLRC?JGLF?BM$QQCB?LMCQRPSRSP?JNMQQGTCJKCLRCBGQN?P?SK?PCQNMQR?GKSLC
    OSCCLTMJTC?JG@CP?ŽMBCFGQR?KGL?QCNPMQR?EJ?LBGL?Q?ECLRCQCQNCA”¤AMQCLTMJTGBMQLMQNPMACQQMQPCESJ?R™PGMQ
    GKSLCQ  C CBCK? ?ASKS​J?ŽM BC ¥SGBM LM RCAGBM  OSC PCQSJR?K L? QCLQ?ŽM BC BMP #,(1 CQRŠ RGNGA?KCLRC
    PCJ?AGML?B?AMKMAMKNMLCLRCCVA‘LRPGAMB?AMLRP?ŽM​KSQASJ?PC?N?PCACBC?F?N™QMCVCPA”AGMTGEMPMQMC
     K?GQ AMKSK CK NCQQM?Q LŽM RPCGL?B?Q 4K EP?LBC KGRM BM RPCGL?KCLRM  OSC M J?AR?RM A?SQ? #,(1 GQQM
    QGKNJCQKCLRC5b6MA?QM HŠOSCLŽMDMG?NPCQCLR?B?LCLFSK?CTGB‘LAG?OSC?NMGCCQQ?FGN™RCQC

    K?GMPG?BMQNPMEP?K?QBCRPCGL?KCLRMDMA?L?D?QCAMLA‘LRPGA?B?ASPT?DMP? TCJMAGB?BCN?P??SKCLR?P?NMR‘LAG?​
    KSQASJ?P &?Dm>391  BC¤LGB? AMKM ? DMP? TCXCQ ? BGQR‹LAG? OSC BCRCPKGL?B? K?QQ? QC KMTC BGTGBGB? NCJM RCKNM MS
    ?JRCPL?RGT?KCLRC ?DMP?TCXCQ?TCJMAGB?BC DMP??BCOS?B?MSMRPCGL?KCLRMBCNMR‘LAG?NMBCKKMTCPRMB??ASPT?
    DMP? TCJMAGB?BCN?P?AGK?CN?P??BGPCGR?%GESP? $QQCKMTGKCLRMB?ASPT?AMLA‘LRPGA?BCDMP? TCJMAGB?BCRCK
    @CLCD”AGMQR?LRMN?P??QDSLCQBGŠ​PG?QOS?LRMN?P?MQBCQCKNCLFMQ?RJRGAMQ HŠOSC?NMR‘LAG??SKCLR?B?(LAPCKCLRM
    L? NMR‘LAG? QM@PC RMB? ? ASPT? PCOSCP SK NPMEP?K? BC RPCGL?KCLRM OSC SRGJGXC R?LRM M RPCGL?KCLRM BC DMP? NCQ?B?
    A?PE?Q K?GMPCQ OSC  BC SK? PCNCRGŽM KŠVGK?  C NPMRMAMJMQ BC RPCGL?KCLRM @?J”QRGAM BC ?JR? TCJMAGB?BC N CV
    NJGMKCRPG? 2C?NCL?QSKAMKNMLCLRCBMRPCGL?KCLRM OSCQCH?R?LRM?DMP?OS?LRM?TCJMAGB?BCBCAMLRP?ŽM PC?​JG​
    X?BM  ?Q KSB?L?Q MAMPPCPŽM ?NCL?Q QM@PC N?PRC B? ASPT? DMP? TCJMAGB?BC $K MSRP?Q N?J?TP?Q  RPCGL?KCLRM NCQ?BM C
    JCLRM ?SKCLR?PŠ ?NCL?Q ? NPMBSŽM BC DMP? CK TCJMAGB?BCQ KCLMPCQ  CLOS?LRM M RPCGL?KCLRM JCTC C PŠNGBM PCQSJR?PŠ
    ?NCL?QCKKCJFMPG?QCKTCJMAGB?BCQK?GQ?JR?QBMKMTGKCLRM2M@SK?NCPQNCARGT?NPŠRGA? KSGRMQRPCGL?BMPCQSRGJGX?KM
    RCPKM F5<?3941456?Bk1 N?P? BC¤LGP M RPCGL?KCLRM OSC  DMA?BM L? NPMBSŽM BC DMP? ? ?JR?Q TCJMAGB?BCQ C AMK
    PCQGQR‘LAG?QKCLMPCQN?P??SKCLR?P?NMR‘LAG?#CTGBM?QQS?QBCNCLB‘LAG?QLMBCQCKNCLFMD”QGAM SKRPCGL?KCLRM™RGKM
    BCTCRGNGA?KCLRCQCBGPCAGML?PN?P?RMB??ASPT?DMP? TCJMAGB?BC

    86DA0   548C>B 3> CA48=0<4=C> =0 2DAE0 5>As0E4;>283034 2>=2u=CA820   GO>;H‹; JLI>OTC>; J?FI
    NL?CH;G?HNIJ?M;>I>?;FN;L?MCMNH=C; GO>;H‹;JLI>OTC>;J?FINL?CH;G?HNI>?;FN;P?FI=C>;>??<;CR;=;LA;
    0?OG;J?MMI;KO?LI?@?CNIH;=OLP;CHN?CL;
    N;HNIINL?CH;G?HNIJ?M;>I>?;FN;L?MCMNH=C;KO;HNIINL?CH;G?HNI
    >?JINH=C;?;FN;P?FI=C>;>?MŠIH?=?MM†LCIM

    FCG2D567@Cw2
    $VGQRCKRGNMQ@ŠQGAMQBC3EBF1C456?Bk1 AMKMKMQRP?BML?%GESP?4K?ASPT?BCDMP??OS?LRGB?BCBCDMP?
    OSCNMBCQCPNPMBSXGB?BSP?LRCSK?D?GV?BCKMTGKCLRM/MPCVCKNJM CKSKCVCPA”AGMBCPCQGQR‘LAG?AMKSK?ASPT?BC
    DMP??QACLBCLRC QMKCLRCNMQQ”TCJJCT?LR?PK?GQNCQMQCMSM¤L?JB?PCNCRGŽMPC?gG u?BM CLŽMQC?PCNCRGŽM
    B?D?GV?BMKMTGKCLRMDCGR??N?PRGPBMGL”AGMB?D?GV?BCKMTGKCLRMAMLA‘LRPGAMNCV CVCPA”AGMBC?E?AF?KCLRM 2C
    SKCVCPA”AGMRCKSK?ASPT?BCDMP?BCQACLBCLRC R?JAMKMPCKMCKN NMQQ”TCJNPMBSXGPKCLMQDMP?NP™VGKMBM¤K
    B?D?QCAMLA‘LRPGA?BCSK?PCNCRGŽM4KCVCPA”AGMAMKM?PMQA?BGPCR? LMOS?JNMQQ”TCJJCT?LR?PK?GQPCQGQR‘LAG?L?
    NMPŽMKBG?B??KNJGRSBCBMKMTGKCLRMCLŽML?QNMPCQGLGAG?JMS¤L?J RCKSK?ASPT?BCDMP?CKDMPK?RMBCQGLM
    QASPT?QBCDMP??NPCQCLR?KN?BPCQBGDCPCLRCQ BCNCLBCLBMBMKMTGKCLRMBMCVCPA”AGMCB?CQRPSRSP?AMPNMP?JBMGL​BG​
    T”​BSM  K?Q RMB?Q NMBCK QCP CVNJGA?B?Q  CK N?PRC ? @GMKCA‹LGA? R?K@K ?DCR? ? DMP? KCLQSPŠTCJ CK SK KMTGKCLRM
    NCJ?PCJ?ŽMCLRPCAMKNPGKCLRMCRCLQŽM OSCNPCAMLGX?OSC?DMP?OSCSK​KžQASJMNMBCNPMBSXGPK?GMPOS?LBMQCS
    AMKNPGKCLRMNMQQG@GJGR?QM@PCNMQGŽMKŠVGK?CLRPCMQ¤J?KCLRMQBC?ARGL?CKGMQGL?$KOS?JOSCPAMKNPGKCLRM?JK
    MS?OS​KBCQQC KCLMQDMP?BCQCLTMJTGB?NMPOSCNMBCKQCPDMPK?BMQKCLMQAMKNJCVMQ?ARMKGMQGL?%GESP?  Q
    ASPT?QBCDMP?CQNCA”¤A?QBGQASRGB?Q?LRCPGMPKCLRC CKOSCSK?DMP?K?GMPPCTCJ?B?CKNMQGCQBGDCPCLRCQBCLRPMB?
    ?KNJGRSBC BM KMTGKCLRM  ?AMLRCACK NMPOSC CVCPA”AGMQ BGDCPCLRCQ AMKC?K C RCPKGL?K CK L”TCGQ BGDCPCLRCQ BC
    QM@PCNMQGŽMCLRPC?KGMQGL?C??ARGL?/MPCVCKNJM NMPA?SQ?B?@GMKCA‹LGA?CLTMJTGB?L?PC?​JG​X?ŽMBMQSNGLM SK?
    OS?LRGB?BCK?GMPBCAMKNJCVMQ?ARMKGMQGL?NMBCQCPDMPK?B?K?GQACBMBSP?LRC?D?QCAMLA‘LRPGA?B?PCNCRGŽMOS?LBM?
    @?PP?CQRŠNP™VGK??MNCGRM$KAMLRP?QRC ?@GMKCA‹LGA?BCPC?​JG​X?PCQQ?QPCNCRGCQB?JGLF?TCPRGA?JBGR?OSC?PCJ?ŽM
    AMKNPGKCLRM RCLQŽMQCPŠK?GQD?TMPŠTCJLMQCLRGBMB?PC?​JG​X?ŽMB?D?QCAMLA‘LRPGA?B?PCNCRGŽM HŠOSCLCQQCNMLRM
    OSCCVGQRCSKEP?SK?GMPBCQM@PCNMQGŽMCLRPC?KGMQGL?C??ARGL?
    $OSGN?KCLRMQ BC RPCGL?KCLRM BC PCQGQR‘LAG? T?​PGŠ​TCJ AMK NCQMQ DMP?K BCQCLF?BMQ N?P? ?NPMTCGR?P ? KSB?L? LM
    NMRCLAG?J BC DMP? BSP?LRC SK? ?KNJGRSBC BC KMTGKCLRM NMP T?PG?P ? A?PE? ?M JMLEM B? PCNCRGŽM ? ¤K BC ?HSB?P ?
    K?VGKGX?PMBCQCLTMJTGKCLRMBCDMP?'GNMRCRGA?KCLRC T?PG?P?PCQGQR‘LAG?CKNMLRMQBGDCPCLRCQCKSK??KNJGRSBCBC
    KMTGKCLRM NCPKGRGPG? OSC M ​KžQASJM BCQCLTMJTCQQC K?GQ NP™VGKM  QS? DMP? KŠVGK? BSP?LRC RMB? ? ?KNJGRSBC BC
    KMTGKCLRM CKTCXBC¤A?PJGKGR?BM?MOSCNMQQ”TCJOS?LBMM h žQASJMCQRŠCKQCSNMLRMK?GQDP?AML?ASPT?BCDMP?
    $K@MP?CQQCRGNMBCRPCGL?KCLRMN?PC?QCPBCQCHŠTCJ GL​BG​TG​BS?JGX?PMN?BPŽMBCT?PG?ŽMBCPCQGQR‘LAG?QCPG?CQQCLAG?J C
    KSGR?Q KŠOSGL?Q LŽM R‘K QGBM @CK QSACBGB?Q L? RCLR?RGT? BC GES?J?P ? ASPT? BC DMP? BC SK KMTGKCLRM AMK M SQM BC
    KMRMPCQ PMJMQMSKSB?L?QLM‹LESJMBM@P?MB??J?T?LA?B?KŠOSGL?BCCVCPA”AGM(QQMQCBCTCQBGDCPCL?QGL​BG​TG​BS?GQ
    LM AMKNPGKCLRM BMQ KCK@PMQ  LM NMLRM BC JGE?ŽM BMQ RCLBCQ ​KSQASJ?​PCQ ?MQ MQQMQ C LM R?K?LFM AMPNMP?J v BGD”AGJ
    AMLAC@CPSK?PP?LHMKCA‹LGAMOSCCOSGN?PC?ASPT?BCDMP?BCRMB?Q?QNCQQM?QN?P?SKCVCPA”AGMN?P​RGASJ?P
    86DA0  DAE0B345>As0"RCMN?G=OLP;M>?@IL‹;JLCH=CJ;CM=OLP;;M=?H>?HN?.*%$!
    >?$;OMM(*,?
    >?M=?H>?HN?1-$ *OCNIM?R?L==CIMJ;>LŠIM?AO?G?MM;M=OLP;M>?@IL‹;<†MC=;M -IL?R?GJFI
    MOJCHIN?GOG;
    =OLP; ;M=?H>?HN?
     LIM=; <=?JM N?G OG; =OLP; >? >? $;OMM ? LIM=; >; ​GOM=OF;NOL; JIMN?LCIL >; =IR; N?G OG;
    =OLP;>?M=?H>?HN?

    86DA0 
    (4;0sr>2><?A8<4=C>C4=Br>KO;HNC>;>?>?@IL‹;KO?OG;V<L; d OM=OF;L
    ?
    JILN;HNI
    I
    d šM=OFI

    JI>?JLI>OTCL?MN†L?F;=CIH;>;=IGIAL;O>?MI<L?JIMC‹ŠI?HNL?;GCIMCH;?;;=NCH; .O;H>I;V<L;Œ?MNCL;>;IO
    ?H=OLN;>;>?G;CM
    ;KO;HNC>;>?>?=IGJF?RIM;=NIGCIMCH;KO?JI>?GM?L@ILG;>IMŒFCGCN;>I?
    =IGIL?MOFN;>I

    ;JLI>O‹ŠI>?@IL‹;N;G<ŒG

    FCG2D7@Cw2E6>A@
    QQGKAMKM?ASPT?DMP? TCJMAGB?BCLMQ?HSB??​TGQS?​JGX?P?NPMBSŽMBCDMP?CKBGDCPCLRCQTCJMAGB?BCQBCKMTGKCLRM
    ? 3EBF1 6?Bk1D5=@? LMQ ?HSB? ? ​TGQS?​JGX?P ? NPMBSŽM BC DMP? LMQ BGDCPCLRCQ QCEKCLRMQ BC RCKNM  A?N?AGB?BC BC
    NPMBSXGPDMP?P?NGB?KCLRCSK?OS?JGB?BCGKNMPR?LRCB?DSLŽMLCSPM​KSQASJ?P BCQBCSK?NCQQM?K?GQTCJF?RCLR?LBM
    NPCTCLGP SK? OSCB? ?N™Q NCPB? BC COSGJ”@PGM KMKCLR‹LC?  ?R SK HME?BMP BC TšJCG ?PPCKCQQ?LBM SK? @MJ? L? PCBC
    ASPT?DMP? RCKNMLMQNCPKGRC?T?JG?PMQNPMEP?K?QBCRPCGL?KCLRMBGPCAGML?BMQN?P?MBCQCLTMJTGKCLRMBCNMR‘LAG?-?
    %GESP? ?OS?LRGB?BCBCDMP?NPMBSXGB?LMRCKNMKMQRP?B?AMKCVCKNJMQBCASPT?Q SK?ASPT?LMPK?JN?P?M
    GL​BG​T”​BSMLŽMRPCGL?BMSK?L?OS?JDMP?KGLAJS”​BMQRPCGL?KCLRMQBCKSGR?DMP?CBCNMR‘LAG?@?J”QRGA?CSK?L?OS?JDMG
    PC?​JG​X?BM?NCL?QMRPCGL?KCLRMBCKSGR?DMP?4Q?PR?LRMMRPCGL?KCLRMBMAMKNMLCLRCBCDMP?OS?LRMMBCNMR‘LAG?
    LŽM?NCL?QPCQSJR?CKDMP?K?GMPOS?LRMR?K@KJCT??SK?PCBSŽMLMRCKNMLCACQQŠPGMN?P??JA?L?P?NPMBSŽMBC
    NGAMBCDMP? MSQCH? NMR‘LAG?K?GMP)ŠOSC?K?GMPG?BMQBCQCKNCLFMQD”QGAMQPCOSCPNMR‘LAG?N?P?QS?PC?​JG​X?ŽM NMBC
    QC D?AGJKCLRC NCPAC@CP OSC M ?SKCLRM B? A?N?AGB?BC BC NPMBSXGP DMP? KSGRM P?NGB?KCLRC NMBC QCP AMLQGBCP?BM SK
    ?RPG@SRMGKNMPR?LRCN?P?OS?JOSCPNPMEP?K?BCAMLBGAGML?KCLRM QCH?N?P??Q?ž​BCCKCJFMPG?B?AMLBGŽMD”QGA? QCH?N?P?
    MBCQCKNCLFMCQNMPRGTM
    86DA0    2DAE0 5>As0C4<?> t 054C030 3854A4=280;<4=C4 ?4;>B 38E4AB>B C8?>B 34 CA48=0<4=C> 34 5>As0
    1L?CH;G?HNI J?M;>I >? @IL‹; ;OG?HN; ; =;J;=C>;>? >? @IL‹; G†RCG;  1L?CH;G?HNI >? JINH=C; @IL‹; ?RJFIMCP;
    ;OG?HN;;@IL‹;G†RCG;?;N;R;>?>?M?HPIFPCG?HNI>?@IL‹;

    ! 

    4FCG27@Cw2G6=@4:525656D4C6G62:?​MFy?Q:252>F52?w252G6=@4:52565@>@G:>6?E@?242A24:525656AC@5Fwv@567@Cw25@$
    >ƒD4F=@
    4FCG2567@Cw256D4C6G62BF2?E:5256567@Cw2BF6A@56D6CAC@5FJ:525FC2?E622>A=:EF5656F>>@G:>6?E@
     4FCG2 7@Cw2E6>A@ ?@D 2;F52 2 ​G:DF2​=:J2C 2 AC@5Fwv@ 56 7@Cw2 ?@D 5:76C6?E6D :?E6CG2=@D 56 E6>A@ 6 ?@D A6C>:E6 2G2=:2C @D
    AC@8C2>2D56EC6:?2>6?E@5:C64:@?25@DA2C2@56D6?G@=G:>6?E@56A@Ey?4:2
    42A24:525656AC@5FJ:C7@Cw2C2A:52>6?E6xF>2BF2=:5256:>A@CE2?E6527F?wv@?6FC@​>FD4F=2C
    *C6:?2>6?E@D567@Cw2656A@Ey?4:2256BF25@DA@56>2F>6?E2C2A@Ey?4:22@=@?8@56E@5224FCG2567@Cw2G6=@4:5256

    30?C0s~4B0>CA48=0<4=C>3><B2D;>4B@D4;tC82>@D4<4;7>A0<>34B4<?4=7>

    3PCGL?KCLRMQ BC ,5+<9(5*, C BC PCQGQR‘LAG? QŽM ?Q NPGLAGN?GQ K?LCGP?Q BC KCJFMP?P ? Q?ž​BC C M BCQCKNCLFM ?RJRGAM
    $LRCLBCP ?JESK?Q B?Q ?B?NR?CQ @ŠQGA?Q BM ​KžQASJM CQOSCJRGAM ? CQQCQ  RGNMQ NMNSJ?PCQ BC CVCPA”AGM  CQQCLAG?J QC
    BCQCH?KMQ?T?JG?PAMKMCJCQKCJFMP?K?Q?ž​BCCMBCQCKNCLFMLMCVCPA”AGM"?B?SK?BCQQ?QKMB?JGB?BCQBCCVCPA”AGM
    QCPŠ?@MPB?B?LM"?N”RSJM K?Q?OSGQCPŽMRP?R?B?QCQNCAG¤A?KCLRC?Q?B?NR?CQBM h žQASJMCQOSCJRGAM JKBGQQM
    HŠ OSC NMSA?Q NCQQM?Q NP?RGA?K CVAJSQGT?KCLRC SK? MS MSRP? KMB?JGB?BC BC RPCGL?KCLRM  QCPŠ RP?R?B? K?GQ
    BCR?JF?B?KCLRC ? AMKN?RG@GJGB?BC BC CVCPA”AGM  MS M OSC ?AMLRCAC OS?LBM MQ RGNMQ BC CVCPA”AGM QŽM DCGRMQ BC KMBM
    AMLAMKGR?LRCAMK?KCQK?​KSQASJ?RSP?

    76:E@D5@EC6:?2>6?E@566?5FC2?46
    MRP?R?PBMQCDCGRMQBMRPCGL?KCLRMBC,5+<9(5*,LM​KžQ​ASJMCQOSCJRGAM BCTC QCJCK@P?PBCOSC?NCL?Q?OSCJ?Q¤@P?Q
    OSC QŽM PCAPSR?B?Q AMK M CVCPA”AGM QC ?B?NR?PŽM ?M CQR”KSJM BM CVCPA”AGM Q ?B?NR?CQ NPGKŠPG?Q ?M RPCGL?KCLRM BC
    ,5+<9(5*, CQRŽM PCJ?AGML?B?Q AMK ? LCACQQGB?BC BC QC SRGJGX?P KCJFMP M MVGE‘LGM C ?SKCLR?P ? PCQGQR‘LAG? ​KSQASJ?P
    4LGB?BCQ KMRMP?Q AMK ¤@P?Q KMRMP?Q BM RGNM ( QŽM PCAPSR?B?Q CK NPGKCGPM JSE?P C  CLRŽM  AMLDMPKC ? GLRCLQGB?BC B?
    ?RGTGB?BC BC ,5+<9(5*, ?SKCLR?  SLGB?BCQ KMRMP?Q BM RGNM (( QŽM PCAPSR?B?Q BC ?AMPBM AMK ? LCACQQGB?BC 0S?LRM K?GQ
    SLGB?BCQKMRMP?QBMRGNM((DMPCKPCAPSR?B?Q KCLMQC¤AGCLRCCCDCRGTMQCPŠMBCQCKNCLFMBC,5+<9(5*, QM@PCRSBMQC?
    BSP?ŽMB??RGTGB?BC?SKCLR?3?JTCXGQQMQCH?K?GQ@CK?NPCQCLR?BMLMQCESGLRCACLŠPGMCQNMPRGTMNMBCQCPCQRGK?BMOSC
    AMPPCP SK? K?P?RML? CK ACPA? BC  F C  KGL BCK?LBC OSC M ?RJCR? AMPP? ? SK PGRKM BC ACPA? BC   K \ QZ (QQM
    PCOSCPCPG?OSCMAMPPCBMPPCAPSR?QQCACPA?BCBMAMLHSLRMBCLCSPšLGMQKMRMPCQ2C?QSLGB?BCQKMRMP?QAMLRCLBM
    ?Q¤@P?Qh SQASJ?mCQRGNM(QŽMK?GQA?N?XCQBCQSNPGP?QBCK?LB?Q?CP™@G?QBCQQ?R?PCD? NMBC QCNCPAC@CPM@CLCD”AGMBCQC
    RCPSKNCP¤JBMRGNMBC¤@P?AMKACPA?BCBC¤@P?QKSnASJ?PCnRGNM(LMAMLHSLRMBCLCSPšLGMQKMRMPCQCLTMJTGBMQ
    AMK ? AMPPGB? #C D?RM  KSGRMQ AMPPCBMPCQ BC ,5+<9(5*, BC CJGRC ?NPCQCLR?K R?J AMKNMQGŽM BC ¤@P?Q LMQ h žQASJMQ B?Q
    AMV?Q$K@MP?MCVCKNJM?LRCPGMPNMQQ?N?PCACPSKNMSAMQGKNJC HŠOSCKSGRMQD?RMPCQGL¥SCLAG?K?PC?gG u?ŽMBCSK
    BCQCKNCLFMBC,5+<9(5*,BCCJGRC JCK@PC QCBCOSC?QSLGB?BCQKMRMP?QAMLRCLBM¤@P?Qh SQASJ? mCQBMRGNM(QŽMK?GQ
    ?BCOS?B?Q N?P? M BCQCKNCLFM BC ,5+<9(5*, NMP A?SQ? B? QS? ?JR? BCLQGB?BC KGRMAMLBPG?J C ?JRM QSNPGKCLRM Q?LES”​LCM
    -ŽMM@QR?LRC ?B?NR?CQ?M,5+<9(5*,GPŽM?AMLRCACPCKRMB?Q?Q¤@P?Qh SQASJ?mCQPCAPSR?B?QN?P?PC?gGu?PMCVCPA”AGMBC
    ,5+<9(5*,/?P?KSGRMQBMQOSCR‘KSK?BGQRPG@SGŽMK?GQCOSGJG@P?B?BCRGNMQBC¤@P?QNCV BMRGNM(CBM
    RGNM(( KSGR?QSLGB?BCQKMRMP?QAMLRCLBM¤@P?Qh SQASJ?mCQBMRGNM((QCPŽMSRGJGX?B?QN?P?D?XCPSK?AMPPGB?BCIK
    MS KCQKM N?P? Q?GP N?P? SK? AMPPGB? LMRSPL? AMK ?KGEMQ  CLRŽM CJCQ R?K@K QMDPCPŽM ?B?NR?CQ N?P? KCJFMP?P QS?Q
    A?N?AGB?BCQ?CP™@G?Q/MPK QCMM@HCRGTMDMPSKBCQCKNCLFMBCCJGRCNCV AMPPCPSK?K?P?RML?CKKCLMQBCFC
    KGL  M AMPPCBMP NPCAGQ? RCP ECLCRGA?KCLRC ? NPCBMKGL‹LAG? BC SLGB?BCQ KMRMP?Q BM RGNM ( N?P? ?NCPDCGM?P QCS
    BCQCKNCLFM NMPOSCCK@MP??Q¤@P?QBMRGNM((KMQRPCKKCJFMPG?QL?A?N?AGB?BC?CP™@G?GLBSXGB?NCJMRPCGL?KCLRM CJ?Q
    LSLA?QCGES?J?PŽMA?N?AGB?BC?CP™@G?OSCGLCPCLRCQ¤@P?QBMRGNM(
    $LRŽMMOSC?AMLRCACAMK?Q¤@P?Q h SQASJ?mCQ R?LRMBMRGNM(OS?LRMBMRGNM(( OS?LBMCJ?QQŽMPCAPSR?B?QAMKMN?PRC
    BCSK?SLGB?BCKMRMP?N?P?PC?​JG​X?PSKCVCPA”AGMBC,5+<9(5*,/PGKCGP?KCLRC N?P??SKCLR?P?CLRPCE?BCMVGE‘LGMN?P?
    MQ​KžQASJMQ MAMPPCPŠCJCT?ŽML?OS?LRGB?BCBCA?NGJ?PCQNMP¤@P?h SQASJ?P(QQM?SKCLR?PŠ?CLRPCE?BCMVGE‘LGMN?P?M
    KžQASJMCVCPAGR?BM AMKMD?PŠSK?SKCLRML?BCLQGB?BCA?NGJ?PGLBSXGBMNMPCVCPA”AGMMSQCH? OS?LRGB?BCNMPSLGB?BC
    BC R?K?LFM BC RCAGBM ​KSQASJ?P  $QQ?Q ?B?NR?CQ N?PCACK QCP CQNCA”¤A?Q N?P? M RGNM BC ¤@P?  HŠ OSC ?Q ¤@P?Q RGNM (
    BCQDPSR?K?SKCLRMQK?GQNPMLSLAG?BMQBMOSC?Q¤@P?QRGNM(( JKBCQQ?QKSB?L?QL?A?NGJ?PGB?BC MRPCGL?KCLRMBC
    ,5+<9(5*,NPMKMTCSK?SKCLRMLMR?K?LFMCL?OS?LRGB?BCBCKGRMAšLBPG?QBCLRPMB?Q¤@P?Q h SQASJ? mCQTCP"?N”RSJM
      ,GRMAšLBPG?Q QŽM ?Q MPE?LCJ?Q OSC NPMBSXCK 3/ NMP GLRCPKBGM B? TG? ?CP™@G?  C M ?SKCLRM BM AMLRCž​BM
    KGRMAMLBPG?JBCSK?¤@P??AMKN?LF?BMNMPSK?A?N?AGB?BC?SKCLR?B?N?P?MKCR?@MJGQKM?CP™@GM"MKM?SKCLRM
    BMAMLRCž​BMKGRMAMLBPG?JBCLRPMB?Q¤@P?QRPCGL?B?Q ?AMLRCACSK?AMLACLRP?ŽMK?GMPBCCLXGK?QBMAGAJMBC*PC@QC
    BMQAGRMAPMKMQB?A?BCG?RP?LQNMPR?BMP?BCCJRPMLQ+CK@PC QCBCOSCCQQ?QCLXGK?QCAGRMAPMKMQRP?@?JF?KHSLRMQN?P?
    QGLRCRGX?P 3/ "MKM L?Q KSB?L?Q BC A?NGJ?PGB?BC  E?LFMQ LM AMLRCž​BM KGRMAMLBPG?J CQRGKSJ?BMQ NCJM CVCPA”AGM BC
    ,5+<9(5*,MAMPPCKCKK?GMPEP?SL?Q¤@P?Qh SQASJ?mCQRGNM( BCKMLQRP?LBM?T?LR?ECKBCRCPK?GQ¤@P?QKpQASJ?P` Q
    RGNM ( N?P? BCQCKNCLFMQ BC ,5+<9(5*, ™RGKMQ 3CLF?K CK KCLRC OSC MQ A?NGJ?PCQ QŽM MQ T?QMQ OSC RPMA?K J”OSGBMQ
    MVGE‘LGM  ".  LSRPGCLRCQ C NPMBSRMQ PCQGBS?GQ BM KCR?@MJGQKM AMK MQ ​KžQASJMQ  C ?Q KGRMAšLBPG?Q QŽM ?Q MPE?LCJ?Q
    BCLRPMB?QAJSJ?Q​KSQASJ?​PCQMLBCM 3/NPMBSXGBM?CPM@G?KCLRC TGLASJ?LBM?QQGK?SKCLRMQL?CLRPCE?BCMVGE‘LGM
    AMK A?N?AGB?BC K?GMP BC SRGJGX?P M MVGE‘LGM N?P? NPMBSXGP 3/ TCP "?N”RSJMQ  C   JK BGQQM  ? AMLACLRP?ŽM BC
    KGMEJM@GL?  OSC D?AGJGR? ? BGDSQŽM BC MVGE‘LGM B? KCK@P?L? ACJSJ?P BM ​KžQASJM N?P? ? KGRMAšLBPG? BCLRPM B? ¤@P? *
    KSQASJ?P   ?SKCLR?B? AMK M RPCGL?KCLRM BC ?JR? BSP?ŽM (QQM QGELG¤A? OSC ? R?V? AMK OSC M MVGE‘LGM QC KMTC BMQ
    A?NGJ?PCQN?P??QKGRMAšLBPG?QR?K@K?SKCLR?B?
    $K PCQSKM  AMK K?GQ A?NGJ?PCQ AGPASLB?LBM A?B? ¤@P? h SQASJ?P C K?GQ KGMEJM@GL? C KGRMAšLBPG? CK A?B? ¤@P?
    KSQASJ?P ?BGQR‹LAG?N?P?BGDSQŽMB?KGRMAšLBPG??N?PRGPB?KCK@P?L?ACJSJ?PCTGAC TCPQ?KCLMP C?OS?LRGB?BCBC
    RCKNMN?P?OSCMAMPP??RPMA?BCTŠPG?QQS@QR‹LAG?QPCBSXGB? MOSC?SKCLR??C¤AG‘L ^G?C?TCJMAGB?BCBMQNPMACQQMQ
    ?CP™@GMQ(QQMD?AGJGR??RPMA?BCMVGE‘LGM ". LSRPGCLRCQ PC​Q”​BSMQCA?JMPCLRPCC​KžQASJMCQ?LESC"MKK?GQMVGE‘LGMC
    LSRPGCLRCQQCLBMCLRPCESCQN?P?M​KžQASJMCKCVCPA”AGMCK?GQPC​Q”​BSMQCA?JMPQCLBMPCKMTGBMQ M​KžQASJMK?GQA?N?X
    BC NPMBSXGP 3/ N?P? ?JGKCLR?P ?Q BCK?LB?Q BC CLCPEG? BC ,5+<9(5*,  @CK AMKM BC PCKMTCP MQ NPMBSRMQ KCR?@™JGAMQ
    NMRCLAG?JKCLRCD?RGE?LRCQ.PCQSJR?BMSKBCQCKNCLFMBC,5+<9(5*,KCJFMP?BM

    ,4& <
    =)4e75)17:5p;+=47,7+7:870=5)67
    #MQK?GQBCKžQASJMQLMAMPNMFSK?LM OSCAMLRPG@SCKN?P??NPMVGK?B?KCLRCBMNCQMAMPNMP?J M,
    EJžRCM KŠVGKM ​KžQASJM B? LŠBCE?   M K?GMP K?GQ TMJSKMQM  $LRPCR?LRM  BSP?LRC ? EP?TGBCX  M žRCPM NMBC
    APCQACPNMPTMJR?BCEN?P?K?GQBCIEBCNCQM
    2CESCKK?GQ?JESLQD?RMQGLRCPCQQ?LRCQQM@PCMQ​KžQASJMQMKCLMP​KžQASJMBMAMPNMFSK?LMM,CQR?NBGM
    OSCAMLRPMJ?MQNCOSCLMQMQQMQBMCQRPG@MB?MPCJF?KBG?$QQC​KžQASJMKCBCKCLMQBC AK.Q​KžQASJMQ
    K?GQ ?RGTMQ LM AMPNM FSK?LM QŽM MQ ​KžQASJMQ OSC AMLRPMJ?K MQ MJFMQ  OSC NMBCK QC KMTCP K?GQ BC 
    TCXCQBG?,SGRMQBCQQCQKMTGKCLRMQPŠNGBMQBMQMJFMQ?AMLRCACKBSP?LRCMQMLM L?D?QCBCQMLFMQ.​KžQASJM
    K?GQ JMLEM BM AMPNM FSK?LM  M , Q?PR™PGM  OSC  SK ​KžQASJM CQRPCGRM  CK DMPK?RM BC RGP?  OSC QC CQRCLBC B?
    @?AG?NJTGA? N?QQ?NCJ?DPCLRCB?AMV? ?RMGL”AGMB?R”@G?$JCDSLAGML?N?P??@BSXGP EGP?PC¥CVGML?P?NCPL?N?P?
    ?NMQGŽMBCNCPL?APS X?B?

    (LRCPCQQ?LRCKCLRC  ?JRCP?CQ LM R?K?LFM B? ¤@P? R?K@K NMBCK AMLRPG@SGP N?P? SK? DSLŽM ?CP™@G? KCJFMP ,?GQ
    CQNCAG¤A?KCLRC ?Q¤@P?QKpQASJ?P` QBMRGNM(AMLRP?ŽMJCLR? LMPK?JKCLRCCVNCPGKCLR?KSK?OSCB?CKQCSR?K?LFM
    BSP?LRCMRPCGL?KCLRMBC,5+<9(5*, PCQSJR?LBMCKPCBSŽML?QBGQR‹LAG?QBMQA?NGJ?PCQN?P??QKGRMAšLBPG?QC?ACJCP?LBM
    ? R?V? AMK OSC MQ E?QCQ QC BGDSLBCK ?RP?TQ B? ¤@P?   Q NMPACLR?ECLQ BC ¤@P?Q RGNM ( C RGNM (( LŽM KSB?K
    QGELG¤A?RGT?KCLRC AMK RPCGL?KCLRM BC ,5+<9(5*,  NMPK ?JESK?Q KSB?L?Q NMBCK ?AMLRCACP L?Q NMPACLR?ECLQ BMQ
    QS@RGNMQN?P?QCRMPL?PCKBCL?RSPCX?K?GQ?CP™@G?NCV RGNM("N?P?RGNM( RGNM(( N?P?RGNM(("C QCPCAPSR?BM RGNM
    ((7N?P?RGNM(( 

    76:E@D5@EC6:?2>6?E@56C6D:DEy?4:2
    .Q​KžQASJMQR‘KR?K?LFMQCBGQRPG@SGŽMBC¤@P?QBGDCPCLRCQ C?K@?Q?QBGDCPCL?QCQRŽMPCJ?AGML?B?QAMK?DSLŽMBM *
    KžQASJM!MVC -MCLR?LRM RMBMQMQ​KžQASJMQ GLBCNCLBCLRCKCLRCBMRGNMBC¤@P? B?AMKNMQGŽMMSB?DSLŽM
    QŽMA?N?XCQBC?SKCLR?PCKPCQNMQR??SKRPCGL?KCLRMBCPCQGQR‘LAG?$QQCAPCQAGKCLRMLMR?K?LFMBCRMBMM​KžQASJMQC
    BCTC NPGLAGN?JKCLRC ?M?SKCLRMBMR?K?LFMBCQS?Q¤@P?QGL _ GqG_ S?GQ $KAMLRP?QRC ?GLB?NPCAGQMCQR?@CJCACPQC
    MQ​KžQASJMQQC?B?NR?K?MQRPCGL?KCLRMQBCPCQGQR‘LAG?NCJM?SKCLRML?OS?LRGB?BCBCQS?Q¤@P?Q OSCAMLFCAGBMAMKM
    89@5B@<1C91 (QQM NMBC ?AMLRCACP NMPOSC SK ?SKCLRM L? OS?LRGB?BC BC ¤@P?Q h SQASJ? mCQ R?K@K PCQSJR?PG? CK SK
    ?SKCLRMLMR?K?LFMRMR?JBM​KžQASJM$KP?XŽMBCBG¤ASJB?BCQKCRMBMJ™EGA?QLŽMNMQQ”TCJPCRGP?PM h žQASJMGLRCGPM
    BC SK QCP FSK?LM N?P? CVNCPGKCLR?ŽM  M NMRCLAG?J B? FGNCPNJ?QG? CK QCPCQ FSK?LMQ  BGQASR”TCJ CLRPCR?LRM  CJC DMG
    BCKMLQRP?BMCKPCQNMQR??TŠPGMQNPMRMAMJMQBCQM@PCA?PE?​KSQASJ?PCK?TCQCK?K”DCPMQ   
    ,2(4641=$
    'GNCPRPM¤?  M ?SKCLRM LM R?K?LFM BM h žQASJM MS BC QS?Q ¤@P?Q AMLQRGRSRGT?Q  OSC MAMPPC AMKM PCQSJR?BM B?
    N?PRGAGN?ŽMCKSKNPMEP?K?BCCVCPA”AGMQ/PMRC”​L?KGM¤@PGJ?P?BGAGML?B?MSQCH? ?ARGL?CKGMQGL? OSCPCQSJR?CK
    ?BGŽMBCKGM¤@PGJ?QPCACLRCKCLRCDMPK?B?QQ¤@P?QCVGQRCLRCQ ?SKCLR?LBM?QQGKMR?K?LFMB?¤@P?$LRPCR?LRM LŽM
    N?PCACOSCMR?K?LFMB?QKGM¤@PGJ?QNPCCVGQRCLRCQQCH??JRCP?BMNCJMRPCGL?KCLRMBCPCQGQR‘LAG? NCQ?PBM?SKCLRML?
    OS?LRGB?BC KGM¤@PGJ?P  ? BGQR‹LAG? BC CKN?AMR?KCLRM KGM¤@PGJ?P BGQR‹LAG? CLRPC MQ ¤J?KCLRMQ BC KGMQGL?  C M
    AMKNPGKCLRMBMQ?PAšKCPMN?PCACKNCPK?LCACPAMLQR?LRCQCLRPCQCK?L?QCKCQCQBCRPCGL?KCLRMBCPCQGQR‘LAG?#C
    KMBM QGKGJ?P  ? BCLQGB?BC KGM¤@PGJ?P  MS ? OS?LRGB?BC BC KGM¤@PGJ?Q BCLRPM BC B?BM TMJSKC BC RCAGBM KpQASJ?P  LŽM 
    ?JRCP?B? NCJM RPCGL?KCLRM BC PCQGQR‘LAG?  CK@MP? M R?K?LFM B? ¤@P? h SQASJ?P QCH? ?SKCLR?BM $  ?GLB? OSC MAMPP?K
    ?SKCLRMQ L? OS?LRGB?BC BC KGM¤J?KCLRMQ  ? MPGCLR?ŽM CQN?AG?J B?Q NPMRC” i ?Q AMLRPŠRCGQ LMQ Q?PAšKCPMQ N?PCAC
    NCPK?LCACP GL?JRCP?B? AMK M RPCGL?KCLRM BC PCQGQR‘LAG? /?P? ?SKCLR?P ? ​ŠPC? RP?LQTCPQ?J BM ​KžQASJM BSP?LRC M
    RPCGL?KCLRMBCPCQGQR‘LAG? MQQ?PAšKCPMQQŽM?BGAGML?BMQCKN?P?JCJMSK?MMSRPM PCQSJR?LBMCKFGNCPRPM¤?B?¤@P?
    KSQASJ?P!MVC 
    .PCKMBCJ?KCLRMBMRCAGBM​KSQASJ?PAMKCVCPA”AGMNCQ?BMBCPCQGQR‘LAG?SK?DSLŽMBMNPMEP?K?CB?QKSB?L?Q
    QCOSCLAG?GQL?QNPMRC”​L?QAMLRPŠRCGQ3MB?Q?Q¤@P?QN?PCACKFGNCPRPM¤?P K?QLŽML?KCQK?NPMNMPŽM3PCGL?KCLRMBC
    NCQMAMLTCLAGML?JCKQCPCQFSK?LMQCCK?LGK?GQNPMKMTCSKEP?SK?GMPBCFGNCPRPM¤?CK¤@P?QRGNM(( AMKN?P?B?Q
    Q ¤@P?Q RGNM ( JK BGQQM  ¤@P?Q RGNM ( C RGNM (( N?PCACK FGNCPRPM¤?P SRGJGX?LBM KCA?LGQKMQ BGDCPCLRCQ $K ¤@P?Q
    KSQASJ?​PCQRGNM( MNPMACQQMCLTMJTCSK?SKCLRML?R?V?BCQ”LRCQCNPMRCGA? CL?Q¤@P?QRGNM(( SK?OSCB?L?R?V?BC
    BCEP?B?ŽMNPMRCGA?

    ,4& <
    )17:*h+-8;
    .PCAMPBCKSLBG?J QCESLBMM&SGLCQQ6MPJB1CAMPBQ N?P?MK?GMP,@”ACNQKCBGBMBC#CLGQ2CQRCP BMQ$4 
    AGPASLDCP‘LAG?BM@”ACNQBCJCKCBC AK$QQC​KžQASJMDPCOSCLRCKCLRCRPCGL?BMBM?LRC@P?M OSCDSLAGML?
    N?P?¥CVGML?PMAMRMTCJM CKECP?J ?@PCTG?BMAMKM@”ACNQ L?TCPB?BCQCAF?K?,@”ACNQ@P?OSG?J N?P?LŽMQCP
    AMLDSLBGBM AMK M , @”ACNQ DCKMP?J  OSC ¤A? L? AMV? NMQRCPGMP C ¥CVGML? M HMCJFM . LMKC @”ACNQ @P?OSG?J 
    MPGEGL?BMB?QN?J?TP?QCKJ?RGKOSCQGELG¤A?KBS?QA?@C?Q)0*,7:C@P?M)9(*/00  QBS?QA?@C?QBM@”ACNQQŽM
    AF?K?B?QBCA?@C?JMLE?CA?@C?ASPR?.RCLBŽMB?A?@C?ASPR?QCJGE??MNPMACQQMAMP?AMGBCB?CQAŠNSJ?CM
    RCLBŽMB?A?@C?JMLE?QCJGE??MRS@PASJMQSNP?EJCLMGB?JB?CQAŠNSJ?

    /CQOSGQ?PCACLRCRCK?SKCLR?BM@?QR?LRCLMQQMAMLFCAGKCLRM?ACPA?BMQ KCA?LGQKMQ CLTMJTGBMQ AMK?FGNCPRPM¤?


    B?¤@P?h SQASJ?PvQ?@GBM?EMP?OSC??OSGQGŽMBC=9?>w3<5?C MSLžAJCMQJMA?JGX?BMQL?¤@P?h SQASJ?P LCACQQŠPG?
    N?P? QSQRCLR?P SK ?SKCLRM LM R?K?LFM B? ¤@P? h SQASJ?P  DMLRC BMQ KGMLžAJCMQ CVRP?Q QŽM ?Q 3l<E<1CC1Dl<9D5C  OSC
    CQRŽMJMA?JGX?B?QCLRPC?KCK@P?L?B?¤@P? h SQASJ?PC?QS?A?K?B?¤L?CVRCPL?BCRCAGBMAMLCARGTMOSCPCTCQRC?¤@P?
    AMLFCAGB?AMKMJ‹KGL?@?Q?J$QRPCQQCBCCVCPA”AGMMSMSRPMQRGNMQBCB?LM?MRCAGBMAMLCARGTMOSCGQMJ?CQQ?QAJSJ?Q
    Q?RJGRCQ ?Q CVNCK ?MQ ?ECLRCQ AF?K?BMQ BC KGR™ECLMQ "MKM PCQSJR?BM  ?Q AJSJ?Q Q?RJGRCQ QMDPCK PCNJGA?ŽM C ?Q
    AJSJ?Q Q?RJGRCQ PCAK DMPK?B?Q QC DSLBCK L? ¤@P? h SQASJ?P -CQQC NPMACQQM  ?Q AJSJ?Q Q?RJGRCQ AMLRPG@SCK N?P? M
    ?SKCLRM LCACQQŠPGM L? OS?LRGB?BC BC KGMLžAJCMQ N CV  K?OSGL?PG? BC #-   K?OSGL?PG? ECLRGA? ?BGAGML?B? 
    LCACQQŠPG? N?P? JGB?P AMK M TMJSKC ?SKCLR?BM BC NPMRC”​L?Q C MSRPMQ AMLQRGRSGLRCQ ACJSJ?PCQ !MVC   4K žLGAM
    KGMLžAJCM NMBC ECPGP ?NCL?Q SK TMJSKC CQNCA”¤AM BC NPMRC”i ?Q h SQASJ?mCQ /MPR?LRM  QCK SK ?SKCLRM ?NPMNPG?BM L?
    OS?LRGB?BC BC KGMLžAJCMQ  M ?SKCLRM B? OS?LRGB?BC BC NPMRC”​L?Q  OSC NPMBSXCK M ?J?PE?KCLRM B? ¤@P? h SQASJ?P  LŽM
    QCPG?NMQQ”TCJ ​ŠPC?BCLRPMB?¤@P?NCJ?OS?JA?B?KGAPMLžAJCMPCQNMLQŠTCJAF?K?B?BC4?=o>9?>E​3<51B
    "MKGQQMCKKCLRC *?BGC3FMPLCJJKMQRP?P?KOSCQCK?L?QBCRPCGL?KCLRMBCDMP?NMBCKGLBSXGPKSB?L?Q
    L? OS?LRGB?BC BC KGMLžAJCMQ C AJSJ?Q Q?RJGRCQ LM ​KžQASJM RP?NXGM BC KSJFCPCQ $QQCQ NCQOSGQ?BMPCQ BCQAM@PGP?K OSC
    QCS NPMEP?K? BC RPCGL?KCLRM BC DMP? PCQSJRMS CK ?SKCLRM BC  L? ​ŠPC? RP?LQTCPQ?J B?Q ¤@P?Q h SQASJ? mCQ $QQ?
    FGNCPRPM¤? DMG ?AMKN?LF?B? NMP SK? CJCT?ŽM BC ?NPMVGK?B?KCLRC  L? OS?LRGB?BC BC KGMLžAJCMQ C BC  L?
    OS?LRGB?BCBCAJSJ?Q Q?RJGRCQ OS?LRGB?BCBCKGMLžAJCMQQCAMPPCJ?AGMLMSNMQGRGT?KCLRCAMK?OS?LRGB?BCBCAJSJ?Q
    Q?RJGRCQ  GLBGA?LBM OSC SK ​KžQASJM AMK AMLACLRP?ŽM ?SKCLR?B? BC KGAPMLžAJCMQ AMLRCPŠ SK? OS?LRGB?BC
    NPMNMPAGML?JKCLRCK?GMPBCAJSJ?Q Q?RJGRCQ
    ,2(42.$5,$
    'GNCPNJ?QG?  MS M ?SKCLRM L? OS?LRGB?BC BC ¤@P?Q KSQASJ? mCQ  RCK QGBM TGQR? ?M JMLEM BMQ ?LMQ AMKM SK NMQQ”TCJ
    KCA?LGQKMN?P?MGLAPCKCLRMLMR?K?LFMBM​KžQASJMCQOSCJRGAM.GLRCPCQQCLCQQ?NMQQG@GJGB?BCDMGPC?TGT?BMOS?LBM
    TŠPGMQ CQRSBMQ ?T?JG?LBM MQ ​KžQASJMQ BC ¤QGASJRSPGQR?Q C F?JRCPM¤JGQR?Q AMLAJS”P\ K OSC ? ŠmC? RP?LQTCPQ?J B?Q ¤@P?Q
    KSQASJ?​PCQ GL​BG​TG​BS?GQ BC ¤QGASJRSPGQR?Q LŽM CP? QGELG¤A?RGT?KCLRC K?GMP BM OSC M LMPK?J CLRPCR?LRM  M R?K?LFM
    KSQASJ?PRMR?JBCQQCQ?RJCR?QCP?K?GMPBMOSCMLMPK?J "CPA?BCSK?BA?B?K?GQR?PBC SKCQRSBMPCCV?KGLMS?
    NMQQG@GJGB?BC BC FGNCPNJ?QG? OS?LBM ,A"?JJ ,; (3  SRGJGX?LBM RALGA?Q BC GK?ECK NMP PCQQML‹LAG? K?ELRGA? (1,  C
    @GMNQG?  BCKMLQRP?P?K SK ?SKCLRM L? OS?LRGB?BC BC ¤@P?Q h SQASJ?mCQ LM @”ACNQ ?N™Q SK R”NGAM NPMEP?K? BC
    RPCGL?KCLRM NCQ?BM BC PCQGQR‘LAG?  ?NPCQCLR?LBM BC LMTM ?JESK? CTGB‘LAG? BC FGNCPNJ?QG? $LRPCR?LRM  ? FGNCPRPM¤? B?
    ¤@P?h SQASJ?PAMLRPG@SGSN?P??K?GMPN?PRCB?FGNCPRPM¤?KpQASJ?PvNMQQ”TCJOSC?NCL?QMRPCGL?KCLRMBCPCQGQR‘LAG?
    BC?JR?GLRCLQGB?BCNMQQ?A?SQ?PFGNCPNJ?QG?COSC?Q¤@P?Qh SQASJ?mCQBMRGNM((QCH?K?JTMQBCQQCRGNMBC?B?NR?ŽM%MG
    KMQRP?BM OSC F?JRCPM¤JGQR?Q R‘K OS?LRGB?BCQ K?GMPCQ BC KGMLžAJCMQ  AJSJ?Q Q?RJGRCQ C ¤@P?Q BC BG‹K` RmM NCOSCLM
    CVNPCQQ?LBM K?PA?BMPCQ N?P? KGME‘LCQC GLGAG?J  GLBGA?LBM FGNCPNJ?QG? MS DMPK?ŽM BC ¤@P?Q h SQASJ?mCQ LMT?Q .Q
    CDCGRMQN?PCACP?K?SKCLR?BMQNCJMSQMBCCQRCPMGBCQ?L?@MJGX?LRCQC ?QQGK SKGKN?ARMBMDŠPK?AM?L?@MJGX?LRCNMBC
    QCP?SKCLR?P?OS?LRGB?BCBCFGNCPNJ?QG?OSCMAMPPC
    $K@MP?B?BMQJGKGR?BMQ?NMGCK?FGNCPNJ?QG?CKQCPCQFSK?LMQ CVGQRCKCTGB‘LAG?QBCOSCNMBCMAMPPCPCKPCQNMQR??M
    RPCGL?KCLRM BC PCQGQR‘LAG? #CTGBM ? CQQCQ PCQSJR?BMQ AML¥GR?LRCQ  CQQC R™NGAM AML oGi S? AMLRPMTCPQM /CQOSGQ? ?BGAGML?J
    AMK JCT?LR?BMPCQ BC AMKNCRGŽM BC CJGRC C LMT?Q RALGA?Q BC GK?EC?KCLRM NMBCK ?HSB?P ? PCQMJTCP ? AMLRPMTPQG?
    $K@MP??FGNCPNJ?QG?CKQCPCQFSK?LMQNMQQ?LŽMQCP?PCQNMQR?NPGKŠPG?BC?B?NR?ŽM?MRPCGL?KCLRMBCPCQGQR‘LAG? CJ?
    NMBC PCNPCQCLR?P SK? ?B?NR?ŽM OSC  NMQQ”TCJ OS?LBM ACPR?Q ¤@P?Q h SQASJ?mCQ ?JA?L?K SK R?K?LFM ACJSJ?P
    RCMPGA?KCLRCYKŠVGKM^vNMQQ”TCJOSCRPCGL?KCLRMBCJMLEMNP?XMKSGRMGLRCLQMNMQQ?D?XCPBC?JESK?Q¤@P?Qh SQASJ?*
    PCQRGNM((?QNPGLAGN?GQA?LBGB?R?QN?P?R?JPCQNMQR??B?NR?RGT?,?Q KCQKMOSC?FGNCPNJ?QG?MAMPP? CJ?NPMT?TCJKCLRC
    AMLRPG@SGN?P?SK?NMPŽMNCOSCL?? BM?SKCLRMLMR?K?LFMBM​KžQASJM

    ,4& ;
    -6-;8:7<-h​6);-@-:+h+17-+:-;+15-6<7
    #1B91" +BC?&8
    030;(9@,9-694(5*,0=0:065"50;,+ ;(;,:94@,:,(9*/5:;0;<;,6-
    5=09654,5;(3,+0*05,(;0*2

    T?LMQ L?Q RALGA?Q BC @GMJMEG? KMJCASJ?P NCPKGRGP?K QCP ?T?JG?B?Q ?Q ?JRCP?CQ L? CVNPCQQŽM E‘LGA? C LMQ
    NPMBSRMQNPMRCGAMQLM​KžQASJMCQOSCJRGAM?N™QRSPLMQKžJRGNJMQMS?ESBMQBCCVCPA”AGM$QQCQ?T?LMQA?N?AGR?P?K
    AGCLRGQR?Q AMK SK CLRCLBGKCLRM KCJFMP B?Q @?QCQ KMJCASJ?PCQ B? FGNCPRPM¤? BM h žQASJM CQOSCJRGAM $QQ?
    GLDMPK?ŽM  AP”RGA? LM BCQCLTMJTGKCLRM BC GLRCPTCLCQ N?P? NPMKMTCP FGNCPRPM¤? C NMQQGTCJKCLRC ?RCLS?P ?
    ?RPM¤?TCP¤ESP? 
    v GKNMPR?LRC AMKNPCCLBCP M N?NCJ BMQ ECLCQ C B?Q NPMRC”​L?Q L? NPMKMŽM B? FGNCPRPM¤? %SLB?KCLR?JKCLRC
    A?B?LžAJCMBCA?B?¤@P?AJSJ? h SQASJ?PžLGA? AMLRKAMK@GL?CQBC@?QCQ AMLFCAGB?QAMKMLSAJCM o”_ GMQ
    OSCAMKNPCCLBCKMŠAGBMBCQMVGPPG@MLSAJCGAM#- $QQ?Q@?QCQGLAJSCK?BCLGL? ES?LGL?& AGRMQGL?" C
    RGKGL?3 "MK@GL?CQžLGA?QBCQQCQLSAJCM​R”​BGMQDMPLCACKMA™BGEMECLRGAMLCACQQŠPGMN?P?D?XCPKMJASJ?QBC
    ŠAGBM PG@MLSAJCGAM KCLQ?ECGPM K1-   RP?LQJ?ŽM BM A™BGEM BC #-  CK NPMRC”​L?Q CLTMJTC  NPMACQQMQ
    RP?LQAPGŽM#- N?P?K1- CRP?BSŽMK1- N?P?NPMRC”​L? $KPCQNMQR??MCVCPA”AGM MQECLCQQŽMPCESJ?BMQ
    NMQGRGT?MSLCE?RGT?KCLRC CVRCLQŽMCMASPQMRCKNMP?JBCQQ?QKSB?L?QL?CVNPCQQŽME‘LGA?QŽMBCNCLBCLRCQB?
    BSP?ŽM  GLRCLQGB?BC C DPC​OS‘LAG? BM RPCGL?KCLRM #CNCLBCLBM B? K?ELGRSBC C BSP?ŽM B? CVNPCQQŽM E‘LGA?
    ?SKCLR?B?MSBGKGLS”​B? MQL”TCGQBCK1- NMBCKQCP?DCR?BMQN?P?PC¥CRGPCQQ?QKSB?L?QLM#- PCQSJR?LBM
    CKKSB?L?N?P?JCJ?LMN?BPŽMBCCVNPCQQŽMBMK1- )ŠOSC?OS?LRGB?BCBCK1- BGR?OS?LR?NPMRC”​L?QCPŠ
    NPMBSXGB?  ? K?ELGRSBC B? CVNPCQQŽM E‘LGA? GKN?AR? ? OS?LRGB?BC BC NPMRC”​L? NPMBSXGB? NMP A?B? ¤@P? h SQASJ?P
    CQOSCJRGA? $K@MP? ? P?XŽM BC RP?LQAPGŽMRP?BSŽM LŽM QCH?    NMQQ”TCJ KMBG¤A?P M CQR”KSJM N?P? GLBSXGP
    ?JRCP?CQLMQECLCQCLMQNPMBSRMQE‘LGAMQAP”RGAMQN?P?FGNCPRPM¤?
    *?=;HCMGIM A?HŒNC=IM <†MC=IM G?>?C;G ; JLI>O‹ŠI >? JLIN?​H;M ? I >?M?HPIFPCG?HNI >? BCJ?LNLIV; (
    GOM=OF;L
    /CQOSGQ?Q GLGAG?GQ N?P? BCAMBG¤A?P ?Q @?QCQ KMJCASJ?PCQ B? FGNCPRPM¤? CP?K BCQCLAMP?H?BMP?Q BCTGBM  D?JR? BC
    RCALMJMEG? OSC NMQQG@GJGR?QQC ? ?LŠJGQC B?Q KSB?L?Q EJM@?GQ BC K1-  $LOS?LRM ¤A?T? AJ?PM OSC KSGRMQ ECLCQ
    CP?K PCESJ?BMQ NMQGRGT? MS LCE?RGT?KCLRC CK PCQNMQR? ? SK RSPLM žLGAM BC CVCPA”AGMQ  LŽM CP? NMQQ”TCJ ?L?JGQ?P
    RMBMQ MQ ECLCQ QGKSJR?LC?KCLRC C BC K?LCGP? OSC NMSN?QQC RCKNM C BGLFCGPM M KCQKM RCKNM  NCQOSGQ?BMPCQ
    CQR?T?KQSECPGLBMOSCMQCTCLRMQKMJCASJ?PCQOSCCQRGKSJ?K?FGNCPRPM¤?NMBCPG?KQCPžLGAMQAMKMMQCQR”KSJMQ
    NMPOSC F?TG? SK? D?JR? BC AMLRGLSGB?BC CLRPC ?Q TG?Q BC QGL?JGX?ŽM CQNCA”¤A?Q $K MSRP?Q N?J?TP?Q  CTCLRMQ
    KMJCASJ?PCQOSCPCESJ?T?K?B?NR?CQBCK1- CNPMRC”​L?QBM​KžQASJMCQOSCJRGAMCKPCQNMQR??MRPCGL?KCLRM
    BCPCQGQR‘LAG?CP?KBGDCPCLRCQB?OSCJCQOSCPCESJ?T?K?B?NR?CQNJGMKCRPG?MS?MRPCGL?KCLRMBC?PP?LAM JK
    BGQQM  PCQSJR?BMQ BCQQC RP?@?JFM GBCLRG¤A?P?K SK ASPQM RCKNMP?J žLGAM BC ?JRCP?CQ  BGDCPCLAG?LBM ?Q ?B?NR?CQ
    KMJCASJ?PCQOSC?AMLRCACKGKCBG?R?KCLRCBCNMGQBMCVCPA”AGMB?OSCJ?QOSCMAMPPCKBG?QMSQCK?L?Q?N™QMGL”AGM
    BMRPCGL?KCLRM
    T?LMQ L?Q RALGA?Q BC GBCLRG¤A?ŽM BM NCP¤J BC RP?LQAPGŽM C BC NPMRC”L\ Q  GLAJSGLBM ? RCALMJMEG? BC
    KGAPM?PP?LHMQ C ? NPMRCšKGA?  R‘K NMQQG@GJGR?BM OSC NCQOSGQ?BMPCQ ?T?JGCK ?Q KSB?L?Q EJM@?GQ CK ACLRCL?Q BC
    ECLCQ C NPMRC”​L?Q QGKSJR?LC?KCLRC CK SK? žLGA? ?KMQRP? BC ​KžQASJM $QQC RP?@?JFM GBCLRG¤AMS ? PCJ?ŽM CLRPC
    KSB?L?Q CQNCA”¤A?Q L? CVNPCQQŽM E‘LGA? C QCSQ PCQSJR?BMQ DCLMR”NGAMQ  AML¤PK?LBM MQ N?NGQ BC ACPRMQ ECLCQ C
    NPMRC”​L?QL?GLGAG?ŽMB?FGNCPRPM¤? ?MKCQ h MRCKNMOSCGBCLRG¤AMSQGKSJR?LC?KCLRCLMTMQECLCQCNPMRC”L\ QOSC
    R?K@KPCESJ?KM@?J?LMCLRPCQ”LRCQCCBCEP?B?ŽMBCNPMRC”​L?Q/MPCVCKNJM CVGQRCSK?SKCLRMNPCBMKGL?LRC
    BC ECLCQ KGRMAMLBPG?GQ OSC NPMKMTCK ? @GME‘LCQC BC KGRMAšLBPG?Q  AMKM M AM?RGT?BMP BM PCACNRMP ?RGT?BM NMP
    NPMJGDCP?BMPCQ BC NCPMVGQQMKMQ /&"  a  ECLC BC PCQNMQR? NPCAMAC ?M APCQAGKCLRM  $EP   C D?RMPCQ BC
    PCQNGP?ŽMLS​AJC?PC-1%  ECLCQKCR?@™JGAMQOSCAMBG¤A?KCLXGK?QCRP?LQNMPR?BMPCQCLTMJTGBMQAMKM
    KCR?@MJGQKM BC A?P@MGBP?RMQ C EMPBSP? C ?RGT?BMPCQ BC AJSJ?Q Q?RJGRCQ AMKM MQ D?RMPCQ PCESJ?R™PGMQ KGME‘LGAMQ
    ,WM# C ,WM& ,WM# BGDCPCLAG?ŽM ,WM& KGME‘LCQC  $LRPCR?LRM  CQQ?Q DCPP?KCLR?Q BC GBCLRG¤A?ŽM EJM@?J
    DMPLCACK ?NCL?Q SK PCRP?RM B?Q KSB?L?Q L? CVNPCQQŽM E‘LGA? C LŽM  NMQQ”TCJ GBCLRG¤A?P NPMACQQMQ @GMJ™EGAMQ
    CQNCA”¤AMQCLTMJTGBMQAMK?Q”LRCQCBCNPMRC”i ?Qh SQASJ?mCQ
    #CQQC KMBM  NCQOSGQ?BMPCQ R‘K ?BMR?BM SK? ?@MPB?ECK KSJRGD?ACR?B? N?P? CLRCLBCP ?Q ?JRCP?CQ ​KSQASJ?​PCQ
    CKPCQNMQR??MCVCPA”AGM(LTCQRGE?CQPCACLRCQD?XCKSQMBCTŠPG?QDCPP?KCLR?QBCAML¤PK?ŽMN?P?KCBGPMOSC?
    AJSJ? CQRŠ YNCLQ?LBM^ CK QC RP?R?LBM BC #-  C R?K@K M OSC ? AJSJ? CQRŠ YD?XCLBM^  NMP GLRCPKBGM B?
    CVNJMP?ŽMB?Q?JRCP?CQL?OS?LRGB?BCCJMA?JGX?ŽMBMQNPMBSRMQBMQECLCQNPMRC”​L?Q  JRCP?CQLMQL”TCGQBC
    NPMRC”​L?QNMBCKQCPKCBGB?QSRGJGX?LBM?RALGA?BC$,:;,95)36;;05.3P?R? QCBCSKCLQ?GMOSCCLTMJTCCVNMPSK
    ECJ?SK?AMPPCLRCCJRPGA?CLCJCQCN?P?PNPMRC”​L?QNCJMQQCSQNCQMQKMJCASJ?PCQ#CNMGQBCRP?LQDCPGB?QN?P?SK?
    KCK@P?L?  ? KCK@P?L?  CVNMQR? ? SK ?LRGAMPNM  OSC PCAMLFCAC ? NPMRC”​L? BC GLRCPCQQC  NMQQG@GJGR?LBM OSC M
    NCQOSGQ?BMP OS?LRG¤OSC M AMLRCž_ M BC NPMRC”i ?Q L? ?KMQRP? (KSLM FGQRMOS”h GA?  ? RALGA? SRGJGX?B? N?P?
    GBCLRG¤A?P ? JMA?JGX?ŽM B?Q NPMRC”
    i ?Q L?Q AJSJ?Q h SQASJ?mCQ KMQRP?Q BC h žQASJM CQOSCJRGAM QŽM AMPR?B?Q C
    GLAS@?B?Q AMK ?LRGAMPNMQ K?PA?BMQ AMK ¥SMPCQA‘LAG? OSC PCAMLFCACK NPMRC” i ?Q BC GLRCPCQQC MS AMP?LRCQ OSC
    PCAMLFCACKCQRPSRSP?QCQNCA”¤A?Q AMKMMLžAJCM"MKCQQ?QDCPP?KCLR?Q MQNCQOSGQ?BMPCQNMBCKqGQS? gGX?PMLBC
    SK?NPMRC”​L?BCGLRCPCQQCK?GQ?RGT? DMPLCACLBMNGQR?QBCQCSQKCA?LGQKMQBC?ŽMCQS?QPCJ?CQAMKMSRP?Q
    NPMRC”​L?Q
    .K?GMPBCQ?¤M?RS?JKCLRCRCKQGBMBCQR?A?PECLCQCNPMRC”i ?QK?GQAP”RGAMQCLTMJTGBMQAMK?FGNCPRPM¤?,?GQ
    PCACLRCKCLRC AGCLRGQR?QT‘KCKNPCE?LBMRALGA?QK?GQQM¤QRGA?B?QN?P?BGKGLSGP??RGTGB?BCBCECLCQGL _ GqG_ S?GQC
    CLRCLBCP KCJFMP QCSQ N?NGQ CK TG?Q AMKNJCV?Q 1-  BC GLRCPDCP‘LAG? 1- G   SK? BCQQ?Q DCPP?KCLR?Q OSC
    NMQQG@GJGR?KMCQRSBMBCECLCQGL​BG​TG​BS?GQCKASJRSP?QBCAJSJ?QCCKCVNCPGKCLRMQ05=0=6$QQ?DCPP?KCLR?SRGJGX?
    1-  BC ¤R? BSNJ?  OSC  QGLRCRGX?BM AMK SK? QC l S‘LAG? AMKNJCKCLR?P  BM ECLC ?JTM C  QS@QCOSCLRCKCLRC  
    GLRPMBSXGB? L? AJSJ? MS LM MPE?LGQKM )Š OSC CQQC K?RCPG?J CV™ECLM  PCAMLFCAGBM AMKM R?J NCJ? AJSJ? MS NCJM
    MPE?LGQKMKMBCJM ?TG?BC1- G?RGT?B? PCQSJR?LBMCKBGKGLSGŽMQGELG¤A?RGT?LML”TCJBCCVNPCQQŽMBMECLC
    ?JTM.QCDCGRMQBCQQ?BGKGLSGŽMGBCLRG¤A?KMN?NCJ@GMJ™EGAMBMNPMBSRMNPMRCGAM/MPLŽM?@MJGP?CVNPCQQŽMBMQ
    ECLCQ ?JTM  M 1- G  QSNCPGMP ?MQ CVNCPGKCLRMQ BC LMA?SRC  PCQSJR?LBM CK SK QGQRCK? K?GQ Y¤QGMJMEGA?KCLRC
    NPCAGQM^
    ,SGRMQ ?T?LMQ R‘K QGBM DCGRMQ LM CLRCLBGKCLRM B?Q @?QCQ KMJCASJ?PCQ B? FGNCPRPM¤? $LRPCR?LRM  AMK CQQCQ
    ?T?LMQ DMP?KDCGR?QBCQAM@CPR?QOSC?NCL?QQCQMK?KOS?LRGB?BCBCOSCQRCQ?QCPCKPCQNMLBGB?Q?LRCQOSCQC
    NMQQ? CLRCLBCP AMKNJCR?KCLRC MQ NPMACQQMQ BC QGL?JGX?ŽM LM ​KžQASJM CQOSCJRGAM OSC DMG CQRGKSJ?BM NCJM
    CVCPA”AGM  PCQSJR?LBM CK APCQAGKCLRM T?LMQ AMLR”LSMQ L? RCALMJMEG? OSC D?AGJGR? M CLRCLBGKCLRM BCQQC QGQRCK?
    QCPŽMAP”RGAMQN?P?AMKNJCR?P?R?PCD?BCCLRCLBCPRMR?JKCLRC?QGLRCP?CQAMKNJCV?QCLTMJTGB?QL?NPMKMŽMBM
    APCQAGKCLRM​KSQASJ?PCQOSCJRGAMCL?PCQNMQR??MCVCPA”AGM

    4$05,_^1'$=%4$/75&7.$4
    OS?JGB?BCBCNPMRC”​L?QCPCDCPC?MRGNMBCNPMRC”​L?CLAMLRP?B?L?K?OSGL?PG?AMLRPŠRGJCL?A?N?AGB?BCBM​KžQASJMCK
    KSB?PQCSDCL™RGNMMSQCH? ?CVNPCQQŽMPC?JBCNPMRC”​L?Q CKPCQNMQR??MRPCGL?KCLRMBCPCQGQR‘LAG? MOSC NMPQS?TCX 
    @?​QC?​B?LMNCP¤JECLRGAMBMGL_ Gq”_ SMMSQCH? M#- FCPB?BM ,SGRMB?NCQOSGQ?QM@PCRPCGL?KCLRMBCPCQGQR‘LAG?
    DMA?L?KMJASJ?BCKGMQGL?CLMCV?KCBMQRGNMQBC¤@P?QAMK@?QCLMSQMBCAMJMP?ŽMFGQRMOS”h GA?B?Q?RGTGB?BCQCK
    BGDCPCLRCQN'B?KGMQGL??BCLGL?RPGDMQD?R?QCK 3/?QC ,SB?L?QLMQRGNMQBCK 3/?QCB?Q¤@P?Q h SQASJ?mCQR?K@K
    BŽM SK? GLBGA?ŽM B?Q KSB?L?Q ?QQMAG?B?Q OSC CQRŽM MAMPPCLBM LM AMLRCž​BM B? KGMQGL? BC A?BCG? NCQ?B? ,"/ 
    2?@CKMQ?EMP?OSCFŠSKCQNCARPMBCQS@RGNMQBC¤@P?h SQASJ?P T?PG?LBMB?Q¤@P?QRGNM(?RMRGNM(( CMRGNM((7AMK
    QS@RGNMQGLRCPA?J?BMQ JKBGQQM Q?@C QCOSC?RP?LQDMPK?ŽMNCV BMRGNM((7N?P?MRGNM(( BCLRPMBCSKRGNMN?P​
    RGASJ?PBC¤@P?h SQASJ?PSK??B?NR?ŽMAMKSK?MRPCGL?KCLRMBCPCQGQR‘LAG?  /?PCACOSC ?QQGKOSC?Q¤@P?Q *
    KSQASJ?​PCQ RGNM ((7 QŽM PCAPSR?B?Q  CJ?Q AMKC?K M NPMACQQM BC RP?LQDMPK?ŽM N?P? M NCP¤J ((  NCJ? KSB?L? L?
    OS?JGB?BC B?Q NPMRC”​L?Q C NCJ? CVNPCQQŽM BC OS?LRGB?BCQ T?​PGŠ​TCGQ BC BGDCPCLRCQ RGNMQ  MS GQMDMPK?Q  B? K 3/?QC /MP
    CVCKNJM  AMKC?LBM AMK M RGNM ((7  SK? RP?LQGŽM GLGAG?J NMBC QCP N?P? M RGNM ((7  BC KMBM OSC ?K@MQ MQ RGNMQ BC
    K 3/?QC QŽM CVNPCQQMQ L? ¤@P? h SQASJ?P /MSA?Q KSB?L?Q BM RGNM (( N?P? M RGNM ( NPMT?TCJKCLRC MAMPPCK AMK M
    RPCGL?KCLRM  CVACRM OS?LBM KCBG?B?Q NMP B?LMQ C @PMR?KCLRM LCSP?J BC MSRPM LCSPšLGM KMRMP ?JD? /MP CVCKNJM  M
    @PMR?KCLRMBCSKLCSPšLGMKMRMPRGNM(NMBCPCQSJR?PL?GLCPT?ŽMBCSK?¤@P?RGNM((OSCDMGB?LG¤A?B?AMKSKRSPLM
    BCCVCPA”AGMCNCPBCSQS?AMLCVŽMAMKMLCSPšLGMKMRMPPŠNGBMOSC?CQR?T?GLCPT?LBM#CQQ?K?LCGP? BGRMOSC?¤@P?
    DMGPCGLCPT?B?NMPSKLCSPšLGMJCLRM MSRGNM($LRPCR?LRM ?MAMPP‘LAG?BCQQCRGNMBCDCLšKCLMLŽMN?PCACQCPDPCOSCLRC
    M @?QR?LRC N?P? ?JRCP?P M NCP¤J RMR?J BC ¤@P?Q RGNM ( C RGNM (( QQGK  M NCP¤J BM RGNM @ŠQGAM BC ¤@P? BC SK KžQ^SJM 
    BCRCPKGL?BMNCJ?ECLRGA? C CK@MP?TMA‘QCH?A?N?XBCPC?​JG​X?PRP?LQGCQCLRPCMQQS@RGNMQBC¤@P?Q(C((BCTGBMPC? gG*
    X?ŽM BC RPCGL?KCLRM BC DMP? MS BC ,5+<9(5*,  ? BGQRPG@SGŽM BMQ RGNMQ BC ¤@P?Q  PCJ?AGML?B? AMK ?Q A?RCEMPG?Q
    ?@P?LECLRCQBC¤@P?QRGNM(=,9:<:RGNM(( @?QGA?KCLRCBCRCPKGL?B?LML?QAGKCLRM 

    @>A2E:3:=:52565@DAC@8C2>2D56EC6:?2>6?E@
    . R™NGAM B? AMKN?RG@GJGB?BC BC CVCPA”AGM NPGKCGP?KCLRC E?LFMS ?RCLŽM B? AMKSLGB?BC AGCLR”¤A? B? ®
    PC? OS?LBM
    
    'GAIQML KMQRPMSOSCMBCQCLTMJTGKCLRMBCDMP?BGL‹KGA?NMBCPG?QCPAMKNPMKCRGBMOS?LBM?K@MQ MRPCGL?KCLRMBC
    PCQGQR‘LAG? C M RPCGL?KCLRM BC ,5+<9(5*, BC ?JR? GLRCLQGB?BC  QŽM GLAJS”​BMQ CK SK žLGAM NPMEP?K? BC RPCGL?KCLRM $K
    AMLRP?QRC KCJFMPG?QLMBCQCKNCLFMA?PBGMT?QASJ?P5. KŠV CLMBCQCKNCLFMBC,5+<9(5*,RCKNM?R?CV?SQRŽMCK
    B?B? GLRCLQGB?BC QS@KŠVGK?  LŽM QMDPCP?K AMKM PCQSJR?BM BC SK NPMEP?K? BC RPCGL?KCLRM ?CP™@GM C BC DMP?
    AMK@GL?BM$KPCQSKM SKNPMEP?K?OSCGLAJS?R?LRMMRPCGL?KCLRMBCDMP?OS?LRM?CP™@GMNMBCJGKGR?PME?LFMBC
    DMP?  K?Q KCJFMPG?Q LM AMLBGAGML?KCLRM A?PBGMT?QASJ?P C LM BCQCKNCLFM QŽM RŽM GKNPCQQGML?LRCQ OS?LRM ?OSCJ?Q
    M@QCPT?B?Q OS?LBM M RPCGL?KCLRM BC ,5+<9(5*,  PC?​JG​X?BM GQMJ?B?KCLRC $QRSBMQ QS@QCOSCLRCQ N?PCACK AML¤PK?P MQ
    PCQSJR?BMQMPGEGL?GQBC'GAIQML 
     AMKNPCCLQŽM B? AMKN?RG@GJGB?BC BM RPCGL?KCLRM RCK CLDMA?BM LM OSC QC AF?K? RPCGL?KCLRM AMLAMKGR?LRC MS
    RPCGL?KCLRM QGKSJR‹LCM R?LRM BM BCQCKNCLFM ?CP™@GM OS?LRM BM BCQCLTMJTGKCLRM BC DMP? .Q CDCGRMQ BM RPCGL?KCLRM
    AMLAMKGR?LRCLM​KžQASJMCQOSCJRGAMQŽMBCGLRCPCQQCR?LRMN?P??RJCR?QOS?LRMN?P?AGCLRGQR?QBMCVCPA”AGM HŠOSCMAMPNM
    RCLR? QC ?B?NR?P ? ?K@MQ MQ CQR”KSJMQ BC CVCPA”AGMQ . BCQ?¤M N?PCAC QCP BGPCAGML?BM NPGK?PG?KCLRC N?P? ?Q SLGB?BCQ
    KMRMP?QOSCQŽMSRGJGX?B?QCK?K@MQMQCQRGJMQBCRPCGL?KCLRM
    $QRSBMQ ?T?JG?LBM M RPCGL?KCLRM AMLAMKGR?LRC SRGJGX?LBM ?JRMQ L”TCGQ BC DPC​OS‘LAG? BC RPCGL?KCLRM CMS GLRCLQGB?BC
    N?P?,5+<9(5*,CDMP??NPCQCLR?K?QQCESGLRCQAMLAJSQCQ!MVC 

     DMP? NMBC QCP AMKNPMKCRGB?  QM@PCRSBM CK ?JR?Q TCJMAGB?BCQ BC ?CQ ​KSQASJ?​PCQ  BCTGBM ?M BCQCKNCLFM BM
    RPCGL?KCLRMBC,5+<9(5*,
     NMR‘LAG? ​KSQASJ?P NMBC QCP AMKNPMKCRGB?  K?GQ BM OSC ? DMP?  NCJ? PC?​JG​X?ŽM BM RPCGL?KCLRM BC DMP? C
    ,5+<9(5*,
    .BCQCKNCLFM?L?CP™@GMNMBCQCP?DCR?BMLCE?RGT?KCLRCNCJMRPCGL?KCLRMBC,5+<9(5*,
    . BCQCLTMJTGKCLRM BC AMLQSKM KŠVGKM BC MVGE‘LGM LŽM  AMKNPMKCRGBM OS?LBM SK RPCGL?KCLRM NCQ?BM BC
    PCQGQR‘LAG?CMNPMEP?K?BCRPCGL?KCLRM?CP™@GMQŽMPC?​JG​X?BMQ
    Q A?N?AGB?BCQ BC ,5+<9(5*, MS QCH?  RCKNM ?R ? CV?SQRŽM CK B?B? GLRCLQGB?BC QS@KŠVGK?  LŽM QŽM ?DCR?B?Q
    LCE?RGT?KCLRCNCJMRPCGL?KCLRMBCDMP?

    !&  -, 


    841+)do-;8:`<1+);
    NPCQAPGŽMBCCVCPA”AGMBCTCJCT?PCKAMLQGBCP?ŽM?QBCK?LB?QBMNPMEP?K?RMR?JC?QQCESP?POSCMTMJSKCBC
    CVCPA”AGMQ LŽM QC RMPLC AMLRP?NPMBSACLRC N?P? ?B?NR?CQ ¤QGMJ™EGA?Q C BCQCKNCLFM ™RGKMQ (QQM BCK?LB? MQ
    QCESGLRCQN?QQMQ
     /PGMPGX?P M NPMEP?K? C MQ M@HCRGTMQ BM RPCGL?KCLRM -ŽM RCLR?P PC?​JG​X?P RPCGL?KCLRMQ BC ?JR? GLRCLQGB?BC
    EP?LBC TMJSKC BC DMP? C ,5+<9(5*, HSLRMQ /MQQG@GJGR?P ? PCASNC​P?ŽM ?BCOS?B? B?Q QCQQCQ BC RPCGL?KCLRM
    SRGJGX?LBMNPMEP?K?QBCRPCGL?KCLRMNCPG™​BGAMCD?QCQBCBCQA?LQMNJ?LCH?B?Q
     2CTMA‘SK?RJCR?BCDMP?NMR‘LAG? JGKGRCQCSRPCGL?KCLRM?CP™@GMBC?JR?GLRCLQGB?BC4K?NCQQM?NMBCPC?​
    JG​X?P RPCGL?KCLRM ?CP™@GM BC GLRCLQGB?BC KCLMP  K?Q M ?JRM CQRPCQQC MVGB?RGTM  BCTGBM ?M RPCGL?KCLRM BC
    ,5+<9(5*,BCEP?LBCGLRCLQGB?BCMSEP?LBCTMJSKC N?PCAC?DCR?PLCE?RGT?KCLRCMBCQCLTMJTGKCLRMBCNMR‘LAG?

    /MSAMQ B?BMQ ACJSJ?PCQ CQRŽM BGQNML”TCGQ N?P? DMPLCACP AMLFCAGKCLRMQ QM@PC M CQR?BM B? ¤@P? h SQASJ?P AMK M
    RPCGL?KCLRM AMLAMKGR?LRC Q ¤@P?Q h SQASJ? mCQ OSC QŽM PCAPSR?B?Q NCJ?Q BS?Q ?RGTGB?BCQ QC BCN?P?K AMK M BGJCK? BC
    RCLR?PQC?B?NR?P?MCQR”KSJMMVGB?RGTMN?P?KCJFMP?P?DSLŽM?CP™@G?C ?MKCQKMRCKNM ?MCQR”KSJMBMRPCGL?KCLRMBC
    DMP? NCJ? ?BGŽM BC NPMRC”​L?Q AMLRPŠRCGQ N?P? ?SKCLR?P QS? DMP? AMLRPŠRGJ +CK@PC QC BC OSC ?NCL?Q M RPCGL?KCLRM BC
    ,5+<9(5*,ECP?JKCLRCBGKGLSGMAMLRCž​BMBCNPMRC”​L?QAMLRPŠRCGQCMR?K?LFMB?¤@P?N?P?NMQQG@GJGR?PKCJFMPBGDSQŽMBC
    E?QCQ?RP?TQB?¤@P? h SQASJ?P$LRŽM MOSC?AMLRCACAMK?NMNSJ?ŽMBC¤@P?QKpQASJ?P` QOS?LBMCJ?CVNMQR??SK
    NPMEP?K? BC RPCGL?KCLRM AMLAMKGR?LRC *P?CKCP ,; (3 CV?KGL?P?K ?Q KSB?L?Q L? KMPDMJMEG? B? ¤@P? h SQASJ?P
    BSP?LRCSKNPMEP?K?BCRPCGL?KCLRMBCKCQCQCKFMKCLQ¤QGA?KCLRC?NRMQ3MBMQMQEPSNMQBCRPCGL?KCLRM?NCL?Q
    ,5+<9(5*, ?NCL?QDMP?C,5+<9(5*,CDMP?AMK@GL?B?Q RGTCP?KSK?KSB?L?LMQRGNMQBC¤@P?Qh SQASJ?mCQBMRGNM((7
    N?P?MRGNM(( -CQQCCQRSBM ?OS?LRGB?BCBC¤@P?Q h SQASJ?mCQBMRGNM((7DMGKCLMP?N™QRPCGL?KCLRMNCQ?BMBCDMP?
    OS?LBMAMKN?P?BM?MRPCGL?KCLRMBC,5+<9(5*, OSCGLAJSGSR?LRMMRPCGL?KCLRMBCJMLE?BGQR‹LAG?OS?LRMMGLRCPT?J?BM
    .EPSNMOSCPC?JGXMSMNPMEP?K?BCRPCGL?KCLRMAMLAMKGR?LRCBC,5+<9(5*,CBCDMP?KMQRPMSSK?BGKGLSGŽM?ACL​
    RS?B? L? NMPACLR?ECK BC ¤@P?Q RGNM ((7  QCKCJF?LRCKCLRC ?M EPSNM OSC PC?JGXMS ?NCL?Q M RPCGL?KCLRM BC DMP? (QQM
    NMBC MAMPPCP CK P?XŽM BM K?GMP PCAPSR?KCLRM BC SLGB?BCQ KMRMP?Q BC ?JRM JGKG?P  ?OSCJ?Q OSC AMLR‘K ¤@P?Q RGNM ((7
    AMKMRPCGL?KCLRMNCQ?BMBCPCQGQR‘LAG?PC?​JG​X?BMNCJMQEPSNMQBC?NCL?QDMP?CBCRPCGL?KCLRMAMK@GL?BM
    pPC?QQCAAGML?GQB?Q¤@P?Q h SQASJ?mCQBCKMLQRP?KOSCMAMPPCKKSB?L?QBGDCPCLAG?JKCLRC?MJMLEMBMCQNCARPMB?Q
    KMB?JGB?BCQ BC RPCGL?KCLRM  C OSC QŽM BGR?B?Q NCJM RGNM MS NCJ? AMK@GL?ŽM BC CQR”KSJM BC RPCGL?KCLRMQ ?M OS?J M ​
    KžQASJM  CVNMQRM .S QCH?  OS?LBM RPCGL?K ?NCL?Q N?P? BCQCLTMJTCP DMP?  RMB?Q ?Q ¤@P?Q h SQASJ? mCQ ¤A?K K?GMPCQ
    "MLRSBM OS?LBMPC?​JG​X?KRPCGL?KCLRMBC,5+<9(5*,A?PBGMT?QASJ?P ?Q¤@P?Qh SQASJ? mCQRGNM(?RPM¤?KCLOS?LRMLŽMQŽM
    M@QCPT?B?Q T?PG?CQ LM R?K?LFM B?Q ¤@P?Q h SQASJ?mCQ RGNM (( $  OS?LBM M RPCGL?KCLRM BCQCLTMJTC QGKSJR?LC?KCLRC
    DMP? C ,5+<9(5*, A?PBGMT?QASJ?P  LŽM QŽM M@QCPT?B?Q KSB?L?Q LM R?K?LFM B?Q ¤@P?Q h SQASJ? mCQ RGNM (  K?Q QŽM TGQRMQ
    ?SKCLRMQL?Q¤@P?Qh SQASJ?mCQRGNM((#CQQ?K?LCGP? RCLR?RGT?QBCRPCGL?PK?VGK?KCLRCN?P?DMP?h SQASJ?PC,5+<9(5*,
    A?PBGMT?QASJ?P PCQSJR?K CK ?B?NR?CQ BC R?K?LFMQ BGDCPCLRCQ CK ¤@P?Q h SQASJ?mCQ RGNM ( C RGNM ((  AMKN?P?B?Q AMK
    ?NCL?QSKKMBMBCRPCGL?KCLRM
    4K? QPGC BC D?RMPCQ N CV  NPCQAPGCQ BC CVCPA”AGMQ  L”TCJ BC AMLBGŽM D”QGA? NP RPCGL?KCLRM  KMB?JGB?BCQ BC
    CVCPA”AGMCRA NMBC?DCR?PMCQR”KSJMBCCVCPA”AGMC NMPR?LRM ?QPCQNMQR?Q?B?NR?RGT?QQS@QCOSCLRCQ3?GQD?RMPCQ?DCR?PŽM
    ?QTG?QBCQGL?JGX?ŽMB?AJSJ?​KSQASJ?PN?P??RPM¤?MSFGNCPRPM¤? K?GMPG?BMQCQRSBMQL?JGRCP?RSP?RCKSRGJGX?BMGL​BG​
    T”​BSMQ PCJ?RGT?KCLRC LŽM RPCGL?BMQ N?P? ?T?JG?P MQ CDCGRMQ ¤QGMJ™EGAMQ BM RPCGL?KCLRM QGKSJR‹LCM BC DMP? C ,5+<9(5*,
    /MSAMQB?BMQCQRŽMBGQNML”TCGQ?PCQNCGRMBMQCDCGRMQBMRPCGL?KCLRMQGKSJR‹LCMBCDMP?C,5+<9(5*,SRGJGX?LBMGL​BG​T”​BSMQ
    NPCTG?KCLRC ?RGTMQ MS AMLBGAGML?BMQ  OSC QŽM A?N?XCQ BC RMJCP?P NPMEP?K?Q BC RPCGL?KCLRM BC GLRCLQGB?BCQ KSGRM
    K?GMPCQ/?PCACOSCRPCGL?KCLRMQQGKSJR‹LCMQKŠVGKMQNMBCKQCPN?P​RGASJ?P​KCLRCNPCHSBGAG?GQN?P??B?NR?CQ™RGK?Q
    LM R?K?LFM  L? DMP? C L? NMR‘LAG? ​KSQASJ?​PCQ  NMQQGTCJKCLRC BCTGBM ?M QSNCPRPCGL?KCLRM AMK CQQCQ ?JRMQ L”TCGQ BC
    RP?@?JFM TMJSKCBCCVCPA”AGMQCGLRCLQGB?BC(LRCPCQQ?LRCKCLRC ?A?N?AGB?BC?CP™@G?N?PCACQCP?KCLMQ?DCR?B?NMPCQQCQ
    RPCGL?KCLRMQ QGKSJR‹LCMQ 2C M RPCGL?KCLRM AMLAMKGR?LRC BC CVCPA”AGM  BCQCLF?BM ?BCOS?B?KCLRC  CJC NMBC PCOSCPCP
    SKRCKNMK?GMPN?P?OSC?QMK?B?Q?B?NR?CQ¤QGMJ™EGA?QMAMPP??K?GMPG?BMQCQRSBMQ?RFMHCCV?KGLMSNPMEP?K?Q
    BCRPCGL?KCLRMAMKBSP?ŽMBCLŽMK?GQBCMSF"MK@?QCLMQPCQSJR?BMQBGQNML”TCGQ N?PCACOSCSK?NCQQM?LŽM
    NMBC RCP ?B?NR?CQ ™RGK?Q N?P? ?K@MQ MQ KMBMQ BC RPCGL?KCLRM JK BC BSP?CQ K?GMPCQ BMQ NPMEP?K?Q BC
    RPCGL?KCLRM MSRPMQD?RMPCQNMBCKQCPGKNMPR?LRCQN?P?MQSACQQMBMBCQCLTMJTGKCLRMAMLAMKGR?LRCBCDMP?C?NRGBŽM
    ?CP™@G?/MPCVCKNJM R?LRM?@5B9?49J1kj?BMNPMEP?K?T?PG?PTMJSKCCGLRCLQGB?BCBMRPCGL?KCLRM C?@B9?B9J1kj?
    NPGMPGX?POS?GQM@HCRGTMQQCPŽMDMA?BMQCKSKNPMEP?K? BMRPCGL?KCLRMNMBCKNCPKGRGPSK??B?NR?ŽM@CK QSACBGB?

    ! 

    A6?2D2DL3C2D[ FD4F=2`6DBF6Dv@C64CFE252DA6=@6I6C4{4:@D6252AE2Cv@2@6DE{>F=@566I6C4{4:@
    D252AE2w‚6D2@EC6:?2>6?E@56 &# 6DEv@C6=24:@?252D4@>2?646DD:5256566?EC682C6FE:=:J2C>6=9@C@@I:8y?:@A2C2
    2F>6?E2C2 &# ​>FD4F=2C
    % 4C6D4:>6?E@ ?@ E2>2?9@ 23D@=FE@ 56 F> ​>ƒD4F=@ BF6 x C6DF=E25@ 5@ EC6:?2>6?E@ 56 C6D:DEy?4:2 D6 56G6 AC:?4:A2=>6?E6 2@
    2F>6?E@?@E2>2?9@52DL3C2D[ FD4F=2`6D:?R:d:RF2:D6>G6J56F>2F>6?E@?2BF2?E:525656L3C2D
    'F2?5@ AC@8C2>2D 56 EC6:?2>6?E@ 56 7@Cw2 6  &#  Dv@ C62​=:​J25@D D:>F=E2?62>6?E6 @ 4@CA@ E6?E2 D6 252AE2C 2 2>3@D @D
    6DE{>F=@D566I6C4{4:@>2D56D4@36CE2DDF86C6>BF6@4@CA@6IA6C:>6?E2Cs>6=9@C:2D>2:@C6D?@56D6>A6?9@56 &# 5@
    BF6567@Cw2

    012%,%&$"0,

    6<
    5MA‘SKCQNCAG?JGQR?BCAMLBGAGML?KCLRMCBCDMP?RP?@?JF?LBML?Q?J?BC​KSQASJ?ŽMLM"CLRPMBC3PCGL?KCLRM
    .J”KNGAM CK "MJMP?BM 2NPGLEQ 5MA‘ CQRŠ RCLR?LBM KCJFMP?P QCS NPMEP?K? BC DMP? C AMLBGAGML?KCLRM N?P?
    ?QNGP?LRCQ?N?RGL?BMP?QLMECJMBCL”TCJMJ”KNGAM
    . RPCGL?BMP NCPESLRMS M OSC NMBCPG? QCP DCGRM N?P? ?HSBŠ J?Q ? ¤L?JGX?P KCJFMP MQ Q?JRMQ CK QCSQ NPMACBGKCLRMQ
    "MKMLMTMQGQRCK?BCNMLRS?ŽMPCOSCPCLBMOSC?QN?RGL?BMP?QPC?JGXCKQ?JRMQRPGNJMQCOSŠ​BPSNJMQN?P?NMLRS?P
    ?JRM K?GQRPCGL?KCLRMBCNMR‘LAG?LCACQQŠPGM
    RS?JKCLRC  TMA‘ RCK A?B? ?RJCR? CK SK NPMEP?K? BC RPCGL?KCLRM BC PCQGQR‘LAG? GL​BG​TG​BS?JGX?BM . NPMEP?K? 
    NCPGMBGX?BMN?P?AMKNJCKCLR?PMRPCGL?KCLRMLMECJMBCA?B?N?RGL?BMP?

    A
    .O?NCJI>?;‹ŠI​GOM=OF;LJLI>OT;@IL‹;J;L;;MJ;NCH;>IL;ML?;​FC​T;L?GM?OMM;FNIM
    ,KO?;=IHN?=?HI​GšM=OFIKO;H>IOG;J;NCH;>IL;>I<L;M?OMDI?FBIMHIJL?J;LIJ;L;IM;FNI
    ,KO?@ILH?=?;JINH=C;J;L;IGIPCG?HNIJ;L;=CG;?GOGM;FNI
    .O?NCJI>?@IL‹;​GOM=OF;L@ILH?=?‰J;NCH;>IL;IMCMN?G;>?@L?CIJ;L;;<MILP?L;=;LA;=B?A;H>I‰J?LH;
    >OL;HN?;KO?>;
    .O?NCJI>?NL?CH;G?HNIJL?=CM;M?LCH=FO​>IHIJLIAL;G;>?NL?CH;G?HNI>?J?MI

    9A
    0;FNIM MŠI JLCG;LC;G?HN? OG =IHDOHNI >? ;‹™?M ​GOM=OF;​L?M =IIL>?H;>;M KO? ONCFCT; I =C=FI >? ?MNCL;G?HNI
    ?H=OLN;G?HNI J;L; JLI>OTCL ; JINH=C;   ;‹ŠI =IH=HNLC=; HI M;FNI P?LNC=;F KO? M? <?H?V=C; >I =C=FI >?
    ?MNCL;G?HNI ?H=OLN;G?HNI JLIJ?F? ; J;NCH;>IL; J;L; =CG;   JINH=C; ​GOM=OF;L J;L?=? M?L ; =;L;=N?LMNC=;
    JLCG†LC; >; JINH=C; ​GOM=OF;L J;L; JLIJ?FCL ; J;NCH;>IL; J;L; I ;L ? ; @IL‹; ?R=HNLC=; G†RCG; >?N?LGCH; ;
    =;J;=C>;>?>;J;NCH;>IL;>?@L?;LKO;H>I>?M=?HIA?FI MMCG
    IJLIAL;G;>?NL?CH;G?HNIJL?=CM;CH=FOCL=C=FI
    >? ?MNCL;G?HNI ?H=OLN;G?HNI IO NL?CH;G?HNI JFCIGŒNLC=I J;L; ;DO>;L =IG ; ;FNOL; >I M;FNI ? I NL?CH;G?HNI
    ?R=HNLC=IJ;L;;ORCFC;LH;>?M=C>;>IMM;FNIM

    6<
    5MA‘  7,9:65(3 ;9(05,9 BC SK? RPG?RJCR? OSC QC NPCN?P? N?P? SK? AMK​NCRGŽM BC 09654(5 -M N?QQ?BM  CJ? RCTC
    NPM@JCK?Q AMK DP?RSP?Q NMP CQRPCQQC C TMA‘ ?BGAGMLMS SK NPMEP?K? NCQ?BM BC RPCGL?KCLRM BC PCQGQR‘LAG? ?M QCS
    NPMEP?K?RMR?JBCAMLBGAGML?KCLRM?¤KBCDMPR?JCACPQCSRCAGBMAMLCARGTMCNPCTCLGPB?LMQ.SRPMBG? CJ?MSTGSBC
    SK?KGEMOSCJCT?LR?PNCQMQQCPŠNPCHSBGAG?JN?P?QCSBCQCKNCLFMBC,5+<9(5*,

    A

    rP?L>;>?KO?F?P;HN;LJ?MIMM?L†JL?DO>C=C;FJ;L;M?O>?M?GJ?HBI>?&-*&
    .O;CM JI>?G M?L ;M ;>;JN;‹™?M ?MJ?L;>;M HI ​GšM=OFI =IG I F?P;HN;G?HNI >? J?MIM ? ; L?;​FC​T;‹ŠI >?
    AL;H>?MPIFOG?M>??R?L==CIM>?&-*&
    .O;CMMŠIIM<?H?@=CIM>?=IG<CH;L;G<IMIMNCJIM>?JLINI=IFIM>?NL?CH;G?HNIJ;L;?MM;;NF?N;

    9A
    "G<IL; I NL?CH;G?HNI >? ;FN; CHN?HMC>;>? >? &-*& N?HB; MC>I GIMNL;>I CHN?L@?LCH>I JIN?H=C;FG?HN? HI
    >?M?HPIFPCG?HNI >? @IL‹; ? JINH=C;
     JIO=IM >;>IM ?MNŠI >CMJIHP?CM J;L; MOA?LCL KO? CMMI CL† JL?DO>C=;L I
    >?M?GJ?HBI >? &-*& "MM; ;NF?N; ?MN† P?L>;>?CL;G?HN? ?G LCM=I >? >;HI ;I N?=C>I =IH?=NCPI
     @;T?H>I
    =IGKO?M?D;G;CM=;J;T>?FC>;L=IGIAL;H>?PIFOG?>?NL?CH;G?HNI>?&-*&H?=?MM†LCIJ;L;=IGJ?NCL
    ?NL?CH;LJ;L;OG;=IGJ?NC‹ŠI>?"*'&%& MGO>;H‹;MHI​GšM=OFIJIMMCP?FG?HN?L?MOFN;LC;G?GG;CMJLIN?​
    H;N;HNIHIN?=C>I=IHNL†NCFKO;HNIHI=IH?=NCPI
    =IG;MV<L;M>INCJI&J?LG;H?=?H>ICH;FN?L;>;M?GN;G;HBI

    JILŒG G;CM L?MCMN?HN?M ‰ J?L>; JLIN?C=;  =CG; >? NO>I


     I >?M?GJ?HBI HI NL?CH;G?HNI >? L?MCMNH=C; HŠI
    >CGCHOCL†I>?M?GJ?HBI>?&-*&?CL†;DO>;L;>CGCHOCL;JIMMC<CFC>;>?>?F?MŠI

    #% @$%

    .PCAPSR?KCLRMLCSP?JBM​KžQASJMCQOSCJRGAMMOSCA?SQ??NPMBSŽMBCDMP?CKMTGKCLRMLMAMPNMFSK?LM5ŠPGMQ
    MSRPMQQGQRCK?QAMPNMP?GQNCV CQOSCJRGAM LCPTMQM GKSLC GLRCP?ECKAMKM​KžQASJMCQOSCJRGAMN?P?K?LRCPQS?Q?ž​BC
    CAMLRPG@SGPN?P??ECP?ŽMBCDMP?CKMTGKCLRM.​KžQASJMCQOSCJRGAM?JR?KCLRCMPE?LGX?BM BMRCAGBMAMLCARGTMOSC
    PCAM@PCM​KžQASJMGLRCGPMCGLR?ARM?RMRCAGBMAMLCARGTMOSCK?LRK?QNPMRC”​L?QAMLRPŠRCGQBMQ?PAšKCPMLMJSE?PN?P?
    GLRCP?CQBCKGM¤@PGJ?Q™RGK?Q$QQCRCAGBMAMLCARGTMR?K@KAMLRPG@SGN?P??NPMBSŽMBCDMP?CNMR‘LAG?BM h žQASJM
    BCTGBM ?M QCS AMKNMLCLRC CJŠQRGAM  OSC AMK QCS ?JMLE?KCLRM C CLASPR?KCLRM ?BGAGML? DMP?  AMLRP?ŽM ​KSQASJ?P .
    AMKNMLCLRC CJŠQRGAM BM ​KžQASJM CQOSCJRGAM DMPLCAC ? @?QC N?P? M RPCGL?KCLRM NJGMKRPGAM MS N?P? M RPCGL?KCLRM OSC
    SRGJGX? M AGAJM BC CQRGP?KCLRM CLASPR?KCLRM . ​KžQASJM CQOSCJRGAM  ?JTM BC RMBMQ MQ NPMEP?K?Q BC RPCGL?KCLRM  QCH?
    N?P? M BCQCKNCLFM CQNMPRGTM MS N?P? ? Q?ž​BC C ? @M? DMPK? D”QGA?  C  ?JR?KCLRC NJŠQRGAM MS ?B?NRŠTCJ ?M CQR”KSJM BC
    CVCPA”AGM.​KžQASJMCQOSCJRGAMAMKNMQRMBCRGNMQBGDCPCLRCQBC¤@P?Q h SQASJ?mCQ AMKA?B?RGNMQCLBMBCQGEL?BMN?P?
    PC?​JG​X?P RGNMQ BGDCPCLRCQ BC R?PCD?Q  T?PG?LBM BCQBC ?RGTGB?BCQ NPMJMLE?B?Q BC @?GV? GLRCLQGB?BC N CV  ¤@P?Q RGNM ( QŽM
    SRGJGX?B?QBSP?LRCSK?K?P?RML? ?R?RGTGB?BCQASPR?Q CVNJMQGT?Q OSCPCOSCPCKCLMPKCNPMBSŽMBCDMP?NCV ¤@P?Q
    RGNM((SRGJGX?B?QCK?RGTGB?BCQBCAMPPGB?BCTCJMAGB?BC 
    $VCPA”AGMQBCPCQGQR‘LAG?ECP?JKCLRCPCQSJR?KCKFGNCPRPM¤?h SQASJ?P CLOS?LRMRPCGL?KCLRMBC,5+<9(5*,PCQSJR?CK
    LCLFSK?KSB?L?MSKCQKMCKBGKGLSGŽMLMR?K?LFMB?¤@P?h SQASJ?P"MK@GL?PRPCGL?KCLRMBCPCQGQR‘LAG?AMK
    RPCGL?KCLRM BC ,5+<9(5*, PCQSJR?PŠ CK FGNCPRPM¤? JGKGR?B? B?Q ¤@P?Q KpQASJ?P` Q RGNM (  AMK ?SKCLRMQ LM R?K?LFM
    M@QCPT?BM RGNGA?KCLRC L?Q ¤@P?Q RGNM (( "MKNPCCLBCP ? CQRPSRSP? C ? DSLŽM h SQASJ?P CQOSCJRGA? NCPKGRGPŠ SK
    CLRCLBGKCLRM KCJFMP QM@PC MQ KSGRMQ KRMBMQ BC RPCGL?KCLRM C BC RCP?NG? SQ?BMQ N?P? ?SKCLR?P ? DSLŽM  M
    BCQCKNCLFMC?Q?ž​BC-MNP™VGKMA?N”RSJM QCPŠCV?KGL?BMAMKMMQGQRCK?LCPTMQMAMLRPMJ??DSLŽM​KSQASJ?PCAMKM
    CJCQC?B?NR??MRPCGL?KCLRM

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    /PMRC”​L?Q ========= QŽM ?OSCJ?Q OSC LŽM CQRŽM CLTMJTGB?Q AMK M NPMACQQM BC AMLRP?ŽM  K?Q K?LR‘K ?Q NPMRC”​L?Q
    AMLRPŠRCGQ@?QR?LRCNP™VGK?QSK?QB?QMSRP?QN?P?GLRCP?CQ™RGK?QBCJGE?ŽMKGMQGL? ?ARGL?
    1CACNRMPCQ BC RCLQŽM  AF?K?BMQ BC =========  OSC CQRŽM JMA?JGX?BMQ LMQ RCLBCQ BM ​KžQASJM CQOSCJRGAM  QCLRCK ?
    OS?LRGB?BCBCDMP?LMRCLBŽMNPMBSXGB?NCJM​KžQASJMCQOSCJRGAM
    4K RGNM BC CVCPA”AGM OSC SRGJGX? M AGAJM BC CQRGP?KCLRM CLASPR?KCLRM  AF?K?BM BC =========  ?HSB? LM
    BCQCLTMJTGKCLRMBCNMR‘LAG?​KSQASJ?P
      ?OSGQGŽM BC =========  DMPK?B?Q ? N?PRGP BC AJSJ?Q Q?RJGRCQ  OSC QŽM CLAMLRP?B?Q CLRPC ? KCK@P?L? B? ¤@P? *
    KSQASJ?PK?BSP?CQS?J‹KGL?@?Q?J LCACQQŠPG?N?P?QSQRCLR?P?FGNCPRPM¤?B?¤@P?KpQASJ?P
     NCL?Q AMK M RPCGL?KCLRM BC ,5+<9(5*,  M R?K?LFM B?Q ¤@P?Q h SQASJ?mCQ RGNM ( AMLRP?ŽM JCLR?  ========= N?P?
    PCBSXGP?BGQR‹LAG?CLRPCMQA?NGJ?PCQC?KGRMAšLBPG?
    n8@5<8-1?/;84-
    0S?JNPMRC”​L?BMQ?PAšKCPMRCK?QA?@C?QOSCQCJGE?K?MQQ”RGMQ?RGTMQ
    ? ARGL?
    @ ,GMQGL?
    A 3PMNMLGL?
    B 3PMNMKGMQGL?
    C 3GRGL?
    4KK?P?RMLGQR?LMQHMEMQMJ”KNGAMQRCPG?SK?NMPACLR?ECK?JR?BCOSCRGNMBC¤@P?
    ? 3GNM((
    @ 3GNM(("
    A 3GNM(
    B 3GNM("
    C 3?LRM¤@P?QBMRGNM(OS?LRMBMRGNM((
    0SCRALGA?SRGJGX?B?N?P?M@RCPSK?NCOSCL??KMQRP?BC​KžQASJMAMKSK??ESJF??RP?TQB?NCJC
    ? !GMNQG?​KSQASJ?PNCPASR‹​LC?
    @ ,GMRMKG?QS@BPKGA?
    A !GMNQG?KGM¤@PGJ?P
    B 1CKMŽMNCPASR‹​LC?BCQ?PAšKCPM
    C ,GMRMKG?NMPGLAGQŽM
     0S?GQQŽM?Q?B?NR?CQ¤QGMJ™EGA?QOSCMAMPPCKOS?LBM¤@P?QKpQASJ?P` QQŽMPCAPSR?B?QN?P?PC?JdX\ PSKRPCGLMBC
    CVCPA”AGMBC,5+<9(5*,
    ? OS?LRGB?BCBCA?NGJ?PCQ?SKCLR?
    @ BCLQGB?BCA?NGJ?PL?Q¤@P?QRGNM(?SKCLR?
    A OS?LRGB?BCBCKGRMAšLBPG?Q?SKCLR?
    B AMLACLRP?ŽMBCKGMEJM@GL??SKCLR?
    C 3MB?Q?QMNCQ?LRCPGMPCQ
     0S?JB?QMNCQSKCVCKNJMBCSK??ŽM​KSQASJ?PGQMAGLRGA?
    ? +CT?LR?PSK?@?PP?CKSK?PMQA?@”ACNQ
    @ @?GV?PSK?@?PP?CKSK?PMQA?@”ACNQ
    A $VCPACPDMP?AMLRP?SKM@HCRMOSCLŽMQCKMTC
    B 4KKMTGKCLRMBSP?LRCMOS?J?TCJMAGB?BCK?LRGB?AMLQR?LRC
    C ?ŽMBM,RP”ACNQBSP?LRCSK?PMQA?@”ACNQ
    )1>0-015>;;A2-8?;
    -MPCNMSQM ?QNPMRC”​L?QRPMNMLGL?CRPMNMKGMQGL?AM@PCKMQQ”RGMQ?RGTMQB?QKMJASJ?QBC?ARGL? NPCTCLGLBMOSC?Q
    A?@C?QBCKGMQGL?QCJGESCK?MQQ”RGMQ?RGTMQ
    -M RPCGLM N?P? DMP? C ,5+<9(5*, ?M KCQKM RCKNM  ?Q ¤@P?Q h SQASJ?mCQ OSC QŽM PCAPSR?B?Q KCJFMP?K QS? DSLŽM
    ?CP™@G?AMKMBSP?LRCMRPCGL?KCLRM?NCL?QBC,5+<9(5*,
    %G@P?Q​KSQASJ?​PCQBCAMLRP?ŽMPŠNGB?QŽMA?P?ARCPGX?B?QNCJ?A?N?AGB?BCBCPCQGQRGPD?BGE?CNPMBSXGPOS?LRGB?BCQBC
    DMP?PCJ?RGT?KCLRCNCOSCL?Q
     .APCQAGKCLRMLMR?K?LFM?@QMJSRMBCSK​KžQASJMBCTGBM?MRPCGL?KCLRMBCPCQGQR‘LAG?QCBCTCNPGLAGN?JKCLRC?M
    ?SKCLRML?OS?LRGB?BCGL​BG​TG​BS?JBC¤@P?Qh SQASJ?mCQ
     "MKMRPCGL?KCLRMBC,5+<9(5*, MRGNMBC¤@P?LŽMKSB?BMRGNM(N?P?MRGNM((
    $A1?@m1?;.61@5B-?
    $VNJGOSCOS?GQ?B?NR?CQQŽMK?GQ?DCR?B?QNCJMRPCGL?KCLRMQGKSJR‹LCMBCDMP?C,5+<9(5*,
    $VNJGOSC?DSLŽMB?RGRGL?AMLCARGL? CB?LC@SJGL?LMQ?PAšKCPM
    1CQSK?MQN?QQMQBSP?LRC?D?QCBCAMLRP?ŽMB?RCMPG?BMQ¤J?KCLRMQBCQJGX?LRCQ
    -e--/;>>1?<;:0g:/5-
    "MPPCJ?AGMLCMQQCESGLRCQRCPKMQAMKQS?QBC¤LGCQAMPPCR?Q
    H3m>DB931 4K KMTGKCLRM A?P?ARCPGX?BM NCJ? DMP? KŠVGK? CVCPAGB? ? SK? TCJMAGB?BC AMLQR?LRC BC
    KMTGKCLRMBSP?LRCRMB?SK?D?GV?BCKMTGKCLRMCQNCA”¤A?
    ?>3m>DB931 JMLE?KCLRM​KSQASJ?PCLOS?LRMMKžQASJMCQRŠ?RGT?BMCNPMBSXGLBMDMP?
    C?39>lD931 ŽM ​KSQASJ?P A?P?ARCPGX?B? NCJ? RCLQŽM LM ​KžQASJM QCK KSB?L? LM AMKNPGKCLRM B?
    ¤@P?h SQASJ?P
    C?=lDB931 "MLRP?ŽM ​KSQASJ?P A?P?ARCPGX?B? NCJM CLASPR?KCLRM BM ​KžQASJM AMLRP? SK? A?PE? MS
    SK?RCLQŽMAMLQR?LRCBSP?LRCRMB?SK?D?GV?BCKMTGKCLRM
    C?Dt>931 .KžQASJMBCQCLTMJTCDMP?CCLASPR?
    #1:?-91:@;/>h@5/;
    #SP?LRC SK RPCGL?KCLRM LMPK?J BC ?E?AF?KCLRM AMK NCQM LMQ MK@PMQ  OS?GQ RGNMQ BC ?ŽM ​KSQASJ?P ?AMLRCACPŽM
    BSP?LRCSK?PCNCRGŽMCOS?JRGNMBC?ŽM​KSQASJ?PJGKGR?PŠ?OS?LRGB?BCKŠVGK?BCNCQMOSCNMBCQCPJCT?LR?BMCK
    SK?PCNCRGŽMAMKNJCR?
    #CQAPCT??Q?B?NR?CQBM​KžQASJMCQOSCJRGAM?MRPCGL?KCLRMBC,5+<9(5*,

    "#&

    kj?3?>3m>DB9313?>DB1kj??RGT?ŽMKSQASJ?PA?P?ARCPGX?B?NCJMCLASPR?KCLRM​KSQASJ?P
    kj?5H3m>DB931?JMLE?KCLRMKSQASJ?PCLOS?LRMM​KžQASJMCQRŠ?RGT?BMCNPMBSXGLBMDMP?
    3D9>1KGM¤J?KCLRM¤LMOSCRCKQ”RGMQ?RGTMQA?N?XCQBCGLRCP?EGPAMK?NPMRC”L\ KGMQGL?N?P?NPMBSXGPDMP?KpQASJ?P
    1>41  ​ŠPC? LM Q?PAšKCPM MLBC ? ?ARGL? C ? KGMQGL? QC QM@PCNCK PCNPCQCLR? M AMKNPGKCLRM BMQ ¤J?KCLRMQ BC
    KGMQGL?
    1>41C@?LB?QAJ?P?QBMQ?PAšKCPMOSCAMLR‘K?NCL?Q?ARGL?
    14591C<5F5CAMKNMLCLRCQNPMRCGAMQBM¤J?KCLRMBCKGMQGL?OSCDMPK?K?NMPŽMB?BM@P?BG?BCSK?KMJASJ?BC
    KGMQGL?
    14591C @5C141C AMKNMLCLRCQ NPMRCGAMQ OSC DMPK?K ? A?@C? BC KGMQGL? C SK? NMPŽM B? A?SB? B? KMJASJ? BC
    KGMQGL?
    l<E<1CC1Dl<9D5CAJSJ?QCLAMLRP?B?QQM@?KCK@P?L?J?KGL?P@?Q?JB?QAJSJ?Q​KSQASJ?​PCQK?BSP?QOSCQŽM?DMLRCBC
    KGMLžAJCMQLMTMQ
    93<?455CD9B1=5>D?5>3EBD1=5>D??JMLE?KCLRM​KSQASJ?PQCESGBMNMPSKCLASPR?KCLRMPŠNGBM
    9D?C?<NMPŽMJ”OSGB?BMAMLRCž​BMBCLRPMB?QAJSJ?QTGT?Q GLAJSQGTCB?Q¤@P?Qh SQASJ?mCQ
    ?=@?>5>D5 5<gCD93? DMP? BC PCASM LM ​KžQASJM ?N™Q RCP QGBM AMLRP?”​BM CK P?XŽM B?Q NMPCQ LŽM AMLRPŠRCGQ BM ​
    KžQASJM
    ?>53D9>1 D9D9>1 NPMRC”​L? LŽM AMLRPŠRGJ BM Q?PAšKCPM OSC AMLCAR? ? JGLF? 9  JGLF? ,  CQR?@GJGX? ? KGMQGL? LM CGVM
    JMLEGRSBGL?J AMLRPG@SGN?P?MAMKNMLCLRCCJŠQRGAMB?¤@P?h SQASJ?PCJGKGR???KNJGRSBCBMKMTGKCLRMBMQ?PAšKCPM
    EBF16?Bk1D5=@?EPŠ¤AMOSCGJSQRP??NPMBSŽMBCDMP?BSP?LRCBGDCPCLRCQCQN?MQBCRCKNM
    EBF1 6?Bk1F5<?394145 EPŠ¤AM OSC GJSQRP? ? GL√S‘LAd? B? KSB?L? B? TCJMAGB?BC BC KMTGKCLRM L?Q A?N?AGB?BCQ BC
    NPMBSŽMBCDMP?BM​KžQASJM
    EBF1C456?Bk1EPŠ¤AMB?OS?LRGB?BCBCDMP?NPMBSXGB?BSP?LRCSK?D?GV?BCKMTGKCLRM
    ?=o>9?>E​3<51B​ŠPC?BCLRPMBCSK?¤@P?h SQASJ?PAMLRPMJ?B?NMPKGMLžAJCMQ
    ?B​=EC3E<1B459>o39?B5D1B414?#(BMPBCTŠPG?QFMP?Q?TŠPGMQBG?Q?N™QSK?A?PE?BCCVCPA”AGMQQGLRMK?BC
    B?LM​KSQASJ?P
    659D? 4? 1@B5>49J14? BMK”LGM BM N?BPŽM BC PCAPSR?KCLRM BC SLGB?BCQ KMRMP?Q N?P? SK? F?@GJGB?BC MS SK
    KMTGKCLRMCQNCA”¤AMBCTGBMPC?gGu?ŽMPCNCRGB?B?F?@GJGB?BCMSBMKMTGKCLRM
    >4?=oC9?RCAGBMAMLCARGTMOSCAGPASLB?A?B?¤@P? h SQASJ?PGL_ GqG_ S?J
    @9=oC9?A?K?B?CVRCPL?BCRCAGBMAMLCARGTMOSCAGPASLB?M​KžQASJMGLRCGPM
    H5B3o39?@<9?=lDB93?RGNMBCCVCPA”AGMOSCSRGJGX?MAGAJMBCCQRGP?KCLRM CLASPR?KCLRMN?P??HSB?PLMBCQCLTMJTGKCLRM
    BCNMR‘LAG?​KSQASJ?P
    1C3o3E<?NCOSCLMAMLHSLRMBC¤@P?Qh SQASJ?mCQ
    92B1C 45 3?>DB1kj? Bg@941 ¤@P?Q h SQASJ?mCQ A?P?ARCPGX?B?Q NCJ? A?N?AGB?BC BC NPMBSXGP OS?LRGB?BCQ PCJ?RGT?KCLRC
    EP?LBCQBCDMP?P?NGB?KCLRC BCA?N?AGB?BCEJGAMJ”RGA?EP?LBCCNCOSCL?A?N?AGB?BCMVGB?RGT?
    92B1C9>DB16EC19C¤@P?Qh SQASJ?mCQKMBG¤A?B?Q?PP?LH?B?QCKN?P?JCJMQ¤@P?QLMPK?GQOSCAMLR‘KDSQMQKSnASJ?PCn
    92B1C​=EC3E<1​B5CAJSJ?QKSJRGLSAJC?B?QJMLE?QOSCAMLR‘K?QKGM¤@PGJ?QOSCQCAMLRP?CKOS?LBMCQRGKSJ?B?Q
    92B1C =EC3E<1​B5C D9@?  {2B1C 45 3?>DB1kj? <5>D1 ¤@P?Q KSQ^SJ?mCQ OSC R‘K OS?LRGB?BCQ EP?LBCQ BC CLXGK?Q
    MVGB?RGT?Q QŽM?JR?KCLRCPCQGQRCLRCQD?BGE?CLŽMBCQCLTMJTCKDMP?RŽMP?NGB?KCLRCOS?LRM?Q¤@P?QRGNM((
    92B1C=EC3E<1​B5CD9@?{2B1C453?>DB1kj?Bg@941¤@P?QKSQ ^SJ?mCQOSCBCQCLTMJTCKDMP?KSGRMP?NGB?KCLRC
    BCKMLQRP?K EP?LBC A?N?AGB?BC BC NPMBSŽM BC DMP?  QŽM KCLMQ PCQGQRCLRCQ  D?BGE? OSC ?Q ¤@P?Q JCLR?Q  R‘K SK?
    OS?LRGB?BCPCJ?RGT?KCLRCNCOSCL?BCKGRMAšLBPG?QCSK?A?N?AGB?BCJGKGR?B?BCKCR?@MJGQKM?CP™@GM
    EC?C​=EC3E<1​B5CPCACNRMPCQBCCQRGP?KCLRM?PP?LH?BMQCKN?P?JCJMQ¤@P?Qh SQASJ?mCQOSCKMLGRMP?KMCQRGP?KCLRMC
    MAMKNPGKCLRMBM​KžQASJM
    9@5B@<1C91?SKCLRML?OS?LRGB?BCBCAJSJ?QCKSKRCAGBM
    C?39>lD93?KMTGKCLRMA?P?ARCPGX?BMNCJ?DMP?​KSQASJ?PCVCPAGB??SK?TCJMAGB?BCAMLQR?LRC
    C?9>5B391<GQMRšLGAM KMTGKCLRMBCCVCPA”AGMAMKPCQGQR‘LAG?¤V?CTCJMAGB?BCT?mGŠqCJ
    C?=lDB931AMLRP?ŽM​KSQASJ?PA?P?ARCPGX?B?NCJ?RCLQŽMLM​KžQASJMQCKKSB?L?QLMAMKNPGKCLRMB?¤@P?h SQASJ?P
    C?Dt>931 AMLRP?ŽM ​KSQASJ?P A?P?ARCPGX?B? NCJM CLASPR?KCLRM BM KžQASJM AMLRP? SK? A?PE? CVRCPL? AMLQR?LRC  AMKM
    BSP?LRCMJCT?LR?KCLRMBCSK?@?PP?
    "9>81#NPMRC”​L?QLMKCGMB?XML?'OSCK?LR‘KMQ¤J?KCLRMQBCKGMQGL?CQR?@GJGX?BMQ
    "9>810@?LB?OSCBCJGLCG??QCVRPCKGB?BCQBMQ?PAšKCPM
    #1B31kj?45=9?C9>1*&1C5KRMBMN?P?BGQRGLESGP?Q¤@P?Qh SQASJ?mCQFSK?L?QRGNM(CRGNM((CQCSQQS@RGNMQAMK
    @?QCL?K?PA?ŽMN?P??CLXGK?OSCFGBPMJGQ? 3/
    #9?{2B9<1NMPŽMBM​KžQASJMOSCAMLRKMQ¤J?KCLRMQAMLRPŠRCGQ¤LMQCEPMQQMQ
    #9?>w3<5?CLžAJCMQJMA?JGX?BMQQM@MQQ?PAMJCK?QB?¤@P?KSQASJ?P
    #9?C9>1 NPMRC”​L? AMLRPŠRGJ L? KGM¤@PGJ? OSC RCK ?Q NMLRCQ APSX?B?Q OSC NMBCK QC JGE?P  ?ARGL? N?P? A?SQ?P M
    BCQCLTMJTGKCLRMBCRCLQŽM
    #9?C9>1*&1C5CLXGK?CLAMLRP?B?L?QA?@C?QEJM@SJ?PCQB?QNMLRCQAPSX?B?QBCKGMQGL?OSCFGBPMJGQ? 3/?¤KBC
    JG@CP?PCLCPEG?LCACQQŠPG?N?P??AMLRP?ŽM​KSQASJ?P
    #?45<?452<?AE59?5CDlB93?NPMACQQMBCAM@PGPMQQ”RGMQ?RGTMQBM¤J?KCLRMBC?ARGL?NCJ?RPMNMKGMQGL? NPCTCLGLBM?
    GLRCP?ŽMAMKM¤J?KCLRMBCKGMQGL?CK?LRCLBM?¤@P?KpQASJ?PCKSK?QGRS?ŽMGL?RGT?B?
    #?F9=5>D?459>3<9>1kj?KMTGKCLRMLMOS?J?A?@C?BCKGMQGL?EGP?LMQCSNMLRMBCBM@P?BG?N?P?SKLMTM‹LESJM
    NSV?LBM??ARGL?QM@PCM¤J?KCLRMBCKGMQGL?CD?XCLBMAMKOSCMQ?PAšKCPMCLASPRC
    #wC3E<?1>D17?>9CD1​KžQASJMOSCAMLRP?GC?ECCKMNMQGŽM¤QGMJ™EGA??ŽMBMh žQASJM?EMLGQR?
    #wC3E<?5CAE5<lD93?​KžQASJMOSCCQRŠAMLCAR?BMCKQS?QCVRPCKGB?BCQ?SKMQQM
    #wC3E<?5CDB914??N?P‘LAG?CQRPG?B?BM​KžQASJMOSCAPG?B?NCJM?PP?LHMBCKGM¤@PGJ?QLMQ?PAšKCPM
    $52E<9>1NPMRC”​L?LŽMAMLRPŠRGJOSCCQR?@GJGX??ARGL?CQRŠJMA?JGX?B?L?@?LB?(CQCCQRCLBC?N?PRGPB?JGLF?9
    _B7j?D5>49>?C?45?<79PCACNRMPCQBCDMP?JMA?JGX?BMQLMQRCLBCQBM​KžQASJMCQOSCJRGAM
    &5B9=oC9?RCAGBMAMLCARGTM¤@PMQMOSCCLTMJTCA?B?D?QA”ASJMB?Q¤@P?QKpQASJ?P` QCQOSCJRGA?Q
    &5B9?49J1kj?T?PG?PMTMJSKCC?GLRCLQGB?BCBMRPCGL?KCLRMBCSKKMBMNJ?LCH?BM
    &?>D5C NCOSCL?Q NPMHCCQ LM ¤J?KCLRM BC KGMQGL? OSC GLRCP?ECK AMK ? ?ARGL? N?P? A?SQ?P ? AMLRP?ŽM h SQASJ?P C ?
    NPMBSŽMBCDMP?
    &?Dm>391NPMBSRMB?DMP?CVCPAGB?NCJM​KžQASJMC?BGQR‹LAG?TCPRGA?JL?OS?J?A?PE?BCQJMA?B?BGTGBGBMNCJMRCKNM
    MSDMP?TCXCQTCJMAGB?BC
    &B9?B9J1kj?NPGLA”NGMBCNPGMPGX?POS?GQM@HCRGTMQQCPŽMDMA?BMQCKSKNPMEP?K?BCRPCGL?KCLRM
    &B?@B9?35@D?B5CPCACNRMPCQQCLQGRGTMQJMA?JGX?BMQBCLRPMBC​KžQASJMQ RCLBCQC?P​RGASJ?CQOSCDMPLCACKGLDMPK?CQ
    QM@PC ? NMQGŽM BM AMPNM NMP GLRCPKBGM BM KMLGRMP?KCLRM BM AMKNPGKCLRM ​KSQASJ?P  B? DMP? NPMBSXGB? NCJM ​
    KžQASJMCB?NMQGŽMB??P​RGASJ?ŽM
    (535@D?B5C45B91>?49>1A?L?GQBCAŠJAGMJMA?JGX?BMQL?KCK@P?L?BMPCR”ASJMQ?PAMNJ?QKŠRGAM OSCQC?@PCKOS?LBM
    ?RGT?BMQNCJMQQCLQMPCQBCTMJR?ECKBMQRž@SJMQ3
    (535@D?B5C&NPMRC”​L?QCLAMLRP?B?QLMQRž@SJMQ3OSC?ECKAMKMQCLQMPCQBCTMJR?ECKOS?LBMMGKNSJQMCJRPGAM
    ?RP?TCQQ?MRž@SJM3
    (5C9CDm>391 5HD5B>1 3?>CD1>D5 49>h=931 AMLRP?ŽM ​KSQASJ?P GQMRšLGA? BCQAPCTC M RGNM BC ?ŽM ​KSQASJ?P BSP?LRC
    CVCPA”AGMQAMKPCQGQR‘LAG?QCVRCPL?QCK?RGTGB?BCQAMKMJCT?LR?KCLRMBCNCQMQ
    (5C9CDm>391F1​B9g​F5<COSGN?KCLRMBCRPCGL?KCLRMBCDMP?CKOSC?PCQGQR‘LAG?T?PG?BSP?LRCRMB??D?GV?BCKMTGKCLRM
    N?P?QC?BCOS?PKCJFMPASPT?BCDMP?
    (5Do3E<?C1B3?@<1C=gD93?MPE?LCJ?KCK@P?LMQ?CLAMLRP?B?BCLRPMB?¤@P?KSQASJ?POSC?PK?XCL?MAŠJAGMLCACQQŠPGM
    N?P?MBCQCLTMJTGKCLRMB?DMP?KSQASJ?P
    )1B3t=5B?SLGB?BCAMLRPŠRGJKCLMPMSK?GQ@ŠQGA?BM​KžQASJMCQOSCJRGAMA?N?XBCCLASPR?P
    )5>D94?39>5CDlC93?NCPACNŽMB?NMQGŽMAMPNMP?JLMCQN?M
    )9CD5=1>5EB?​=EC3E<1BPCJ?ŽMDSLAGML?J”LRGK?CLRPCMQLCPTMQCM​KžQASJMCQOSCJRGAM
    )oD9?1D9F?JMA?JLM¤J?KCLRMBC?ARGL?MLBC?QA?@C?QBCKGMQGL?NMBCKQCJGE?P
    )?2B531B71@B?7B5CC9F1?SKCLRMEP?​BS?JL?GLRCLQGB?BCMSLMTMJSKCBCCVCPA”AGMQ
    *l3>931 45 29?@C91 ​=EC3E<1B @5B3EDh​>51 RALGA? L? OS?J SK? ?ESJF? MA?  GLQCPGB? ?RP?TQ B? NCJC N?P? M@RCP SK?
    ?KMQRP?BC​KžQASJM
    *5>4v5C@?LB?BCRCAGBMAMLCARGTMDMPRCCGLCJŠQRGAMOSCAMLCAR?M​KžQASJM?MMQQM
    *5?B91 4?C {<1=5>D?C 45C<9J1>D5C RCMPG? BC AMLRP?ŽM ​KSQASJ?P OSC BCQAPCTC M BCQJGX?KCLRM BMQ ¤J?KCLRMQ ¤LMQ
    ?ARGL?  QM@PC MQ ¤J?KCLRMQ EPMQQMQ KGMQGL?  NMP JGE?ŽM C BCQJGE?KCLRM B?Q A?@C?Q B?Q KMJASJ?Q BC KGMQGL? ?MQ
    ¤J?KCLRMQBC?ARGL? RP?XCLBMA?B?CVRPCKGB?BCBMQ?PAšKCPML?BGPCŽMSKBMMSRPM
    *9D9>1 3?>53D9>1 NPMRC”​L? LŽM AMLRPŠRGJ BM Q?PAšKCPM OSC AMLCAR? ? JGLF? 9  JGLF? ,  CQR?@GJGX? ? KGMQGL? LM CGVM
    JMLEGRSBGL?J AMLRPG@SGN?P?MAMKNMLCLRCCJŠQRGAMB?¤@P?h SQASJ?PCJGKGR???KNJGRSBCBCKMTGKCLRMBMQ?PAšKCPM
    *B59>1=5>D?3?>3?=9D1>D5456?Bk155>4EB1>35RPCGL?KCLRMN?P?DMP?C,5+<9(5*,?MKCQKMRCKNM
    *B?@?=9?C9>1NPMRC”​L?OSCAM@PCMQQ”RGMQBCJGE?ŽMB??ARGL?OS?LBMM​KžQASJMCQRŠCKPCNMSQMCNPCTGLCOSC?NMLRC
    APSX?B?BCKGMQGL?RMOSCMQQ”RGMQ?RGTMQBC?ARGL?OS?LBMM​KžQASJMCQRGKSJ?BMN?P?AMLRP?GP CJ?QCKMTC CVNMLBM
    MQQ”RGMQ?RGTMQN?P?OSC?KGMQGL?C??ARGL?NMQQ?KGLRCP?EGPN?P?AMLRP?GP
    *B?@?>9>1NPMRC”​L? ?QQMAG?B??ARGL?CRPMNMKGMQGL? OSCQCJGE??M"? CGLGAG?MKMTGKCLRMB?RPMNMKGMQGL?L?
    ?ARGL?N?P?NCPKGRGPOSC?NMLRCAPSX?B?BCKGMQGL?RMOSCMQQ”RGMQ?RGTMQL??ARGL?CGLGAGC?AMLRP?ŽM
    *w2E<?C*RžLCJPMBC?BMNMPKCK@P?L?OSCNMQQG@GJGR?OSCMGKNSJQMCJRPGAMQCCQN?JFCNCJ?¤@P?h SQASJ?P
    ,5<?3941456?Bk1 RPCGL?KCLRM OSC  DMA?BM L? NPMBSŽM BC DMP? CK ?JR?Q TCJMAGB?BCQ C KCLMPCQ PCQGQR‘LAG?Q N?P?
    ?SKCLR?P?NMR‘LAG?
    0?>1PCEGŽMKCBG?JBMQ?PAšKCPMOSCRCK?NCL?QKGMQGL?

    "?#

     B?KQ&1 '?RFCP!, !?JBUGL*, CR?J2ICJCR?JKSQAJCKWMQGLFC?TWAF?GLAMKNMQGRGML?LBPCQGQR?LACRP?GLGLE)


    NNJ/FWQGMJZ
     JJCL 3)  /PMQIC 4 $DDCAR MD KSQAJC D?RGESC ML RFC QCLQC MD JGK@ NMQGRGML ?LB KMTCKCLR $VN !P?GL 1CQ
    Z
     JU?W2$ 6GLAFCQRCP/* #?TGQ,$ CR?J1CEGML?JGXCB?B?NR?RGMLQ?LBKSQAJC¤@CPNPMJGDCP?RGMLGLQRPCRAF GLBSACB
    CLJ?PECKCLR) NNJ/FWQGMJZ
     LRMLGM) &MLWC?6),SQAJC¤@CPQNJGRRGLEGLQRPCRAF CLJ?PECB?TG?LKSQAJC,CB2AG2NMPRQ$VCPAZ
    
     "MDDCW5& 9FMLE9 2FGCJB CR?J$?PJWQGEL?JGLEPCQNMLQCQRMBGTCPECLRCVCPAGQCQRGKSJGGLQICJCR?JKSQAJCDPMK
    UCJJ RP?GLCBFSK?LQ%?QC@)Z
     "P?KCP )3  'MSQF 3)  6CGP )/  CR ?J 3FC ?ASRC CDDCARQ MD QR?RGA QRPCRAFGLE ML NC?I RMPOSC  KC?L NMUCP MSRNSR
    CJCARPMKWMEP?NFW ?LBKCAF?LMKWMEP?NFW$SP) NNJ/FWQGMJZ
     #SBJCW &  #H?KGJ 1 (LAMKN?RG@GJGRW MD CLBSP?LAC ?LB QRPCLERF RP?GLGLE KMBCQ MD CVCPAGQC ) NNJ /FWQGMJ
    Z
     %JCAI2) *P?CKCP6)#CQGELGLE1CQGQR?LAC3P?GLGLE/PMEP?KQPBCB"F?KN?GEL (+'SK?L*GLCRGAQ/S@JGQFCPQ
    (LA 
     %PW "  JJCKCGCP" 2R?PML12"MPPCJ?RGML@CRUCCLNCPACLR?EC¤@CPRWNC?PC??LBKWMQGLFC?TWAF?GLAMLRCLRGL
    FSK?LQICJCR?JKSQAJC$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     %PW "  2R?PML 12  )?KCQ "!  CR ?J #GDDCPCLRG?J RGRGL GQMDMPK CVNPCQQGML GL FSK?L QICJCR?J KSQAJC AR? /FWQGMJ
    2A?LBZ
     &MLWC?6) 2?JC#& &MLWC?%! CR?J$VCPAGQCGLBSACBGLAPC?QCQGLKSQAJC¤@CPLSK@CP$SP) NNJ/FWQGMJ.AASN
    /FWQGMJZ
     '?UJCW )  B?NR?RGMLQ MD QICJCR?J KSQAJC RM NPMJMLECB  GLRCLQC CLBSP?LAC RP?GLGLE "JGL $VN /F?PK?AMJ /FWQGMJ
    Z
     'CLLCQQW +"  6?RQML 62 3FC GLRCPDCPCLAC CDDCARQ MD RP?GLGLE DMP QRPCLERF ?LB CLBSP?LAC QGKSJR?LCMSQJW )
    2RPCLERF"MLB1CQZ
     'GAIQML1"(LRCPDCPCLACMDQRPCLERFBCTCJMNKCLR@WQGKSJR?LCMSQJWRP?GLGLEDMPQRPCLERF?LBCLBSP?LAC$SP) NNJ
    /FWQGMJ.AASN/FWQGMJZ
     'SVJCW % -GCBCPECPIC12RPSARSP?JAF?LECQGLKSQAJCBSPGLEAMLRP?ARGML-?RSPCZ
     'SVJCW %"PMQQ @PGBEC?ARGMLNPCQCLRTGCUQ NPMQNCARQ ?LBSLILMULQ)!GMKCAFZ
     'SVJCW '$  '?LQML ) "F?LECQ GL APMQQ QRPG?RGMLQ MD KSQAJC BSPGLE AMLRP?ARGML ?LB QRPCRAF ?LB RFCGP QRPSARSP?J
    GLRCPNPCR?RGML-?RSPCZ
     (QQSPGL5!5G@P?RGMLQ?LBRFCGP?NNJGA?RGMLQGLQNMPR PCTGCU)2NMPRQ,CB/FWQ%GRLCQQZ
     *?BG% $PGIQQML 'MJKLCP2 CR?J$DDCARQMD?L?@MJGAQRCPMGBQMLRFCKSQAJCACJJQMDQRPCLERF RP?GLCB?RFJCRCQ,CB
    2AG2NMPRQ$VCPAZ
     *?BG %  3FMPLCJJ +$ "MLAMKGR?LR GLAPC?QCQ GL KWMLSAJC?P ?LB Q?RCJJGRC ACJJ AMLRCLR GL DCK?JC RP?NCXGSQ KSQAJC
    DMJJMUGLEQRPCLERFRP?GLGLE'GQRMAFCK"CJJ!GMJZ
     *H?CP, ,?ELSQQML/ *PMEQE??PB, CR?J$VRP?ACJJSJ?PK?RPGV?B?NR?RGMLMDRCLBML?LBQICJCR?JKSQAJCRMCVCPAGQC
    ) L?RZ
     *LSRRECL'& *P?CKCP6)3CPKGLMJMEW?LBKC?QSPCKCLRGLCVCPAGQCNCPDMPK?LAC) NNJ2NMPR2AG1CQZ
    
     *MKG /5 2RPCRAF QFMPRCLGLE AWAJC  NMUCPDSJ KMBCJ RM QRSBW LMPK?J ?LB D?RGESCB KSQAJC ) !GMKCAF
    Z
     *P?CKCP 6)  /?RRML )%  &MPBML 2$  CR ?J "MKN?RG@GJGRW MD FGEF GLRCLQGRW QRPCLERF ?LB CLBSP?LAC RP?GLGLE ML
    FMPKML?J?LBQICJCR?JKSQAJC?B?NR?RGMLQ) NNJ/FWQGMJZ
     *P?DR3 ,?FJK?LL$ ,?RRCG3 CR?J(LGRG?RGMLMDRFCNMUCPQRPMICGLKSQAJC(LQGEFRQDPMKRFCNFMQNF?RC?L?JME
    J%/PMA-?RJ A?B2AG42 Z
     ,?A#MSE?JJ )#  2?JC #&  $JBCP &"  CR ?J ,SQAJC SJRP?QRPSARSP?J AF?P?ARCPGQRGAQ MD CJGRC NMUCPJGDRCPQ ?LB
    @MBW@SGJBCPQ$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     ,?A#MSE?JJ)# 2?JC#& ,MPMX)1 CR?J,GRMAFMLBPG?JTMJSKCBCLQGRWGLFSK?LQICJCR?JKSQAJCDMJJMUGLEFC?TW
    PCQGQR?LACRP?GLGLE,CB2AG2NMPRQZ
     ,?A#MSE?JJ )#  3?PLMNMJQIW ,  "FCQJCW  CR ?J "F?LECQ GL KSQAJC NPMRCGL QWLRFCQGQ DMJJMUGLE FC?TW PCQGQR?LAC
    CVCPAGQCGLFSK?LQ NGJMRQRSBW AR?/FWQGMJ2A?LBZ
     ,?JGQMSV +  %P?LA?SV ,  -GCJCLQ '  CR ?J 2RPCRAF QFMPRCLGLE AWAJC CVCPAGQCQ L CDDCARGTC RP?GLGLE N?P?BGEK RM
    CLF?LACNMUCPMSRNSRMDFSK?LQGLEJCKSQAJC¤@CPQ) NNJ/FWQGMJZ
     ,?PCI 2,  "P?KCP )3  %GLAFCP +  CR ?J ASRC CDDCARQ MD QR?RGA ?LB NPMNPGMACNRGTC LCSPMKSQASJ?P D?AGJGR?RGML
    QRPCRAFGLEMLKSQAJCQRPCLERF?LBNMUCPMSRNSR) RFJ3P?GLZ
     ,A"?JJ &$  !WPLCQ 6"  #GAIGLQML  CR ?J ,SQAJC ¤@CP FWNCPRPMNFW  FWNCPNJ?QG?  ?LB A?NGJJ?PW BCLQGRW GL AMJJCEC
    KCL?DRCPPCQGQR?LACRP?GLGLE) NNJ/FWQGMJZ
     ,A"?PRFW)/  EPC)" &P?D!* CR?J"MKN?RG@GJGRWMD?B?NRGTCPCQNMLQCQUGRFAMK@GLGLEQRPCLERF?LBCLBSP?LAC
    RP?GLGLE,CB2AG2NMPRQ$VCPAZ
     ,GJCSQLGA ,/  +MC@ &$ ,?RFCK?RGA?J KMBCJQ MD NPMNPGMACNRMPQ (( 2RPSARSPC ?LB DSLARGML MD RFC &MJEG RCLBML
    MPE?L)-CSPMNFWQGMJZ
     /CRRC# 2R?PML12,WMQGLGQMDMPKQ KSQAJC¤@CPRWNCQ ?LBRP?LQGRGMLQ,GAPMQA1CQ3CAFZ
     /CRRC# 2R?PML123P?LQGRGMLQMDKSQAJC¤@CPNFCLMRWNGANPM¤JCQ'GQRMAFCK"CJJ!GMJZ
     /GP?LG 5GLMEP?BMT?,5 "SPKG/, CR?J L?RMKGAKMBCJMDRFCRFGL¤J?KCLRGLRFCPCJ?VCB?LB"? ?ARGT?RCB
    QR?RCQ),MJ!GMJZ
     /MRRQ )3 (LFG@GRMPW LCSPMRP?LQKGQQGML GL RFC LSAJCSQ RP?ARSQ QMJGR?PGG (KNJGA?RGMLQ DMP @?PMPC¥CV PCQCRRGLE BSPGLE
    CVCPAGQC$VN/FWQGMJZ
     2R?PML 12  )MFLQML / ,WMQGL NMJWKMPNFGQK ?LB BGDDCPCLRG?J CVNPCQQGML GL ?BSJR FSK?L QICJCR?J KSQAJC "MKN
    !GMAFCK/FWQGMJ!Z
     2R?PML12 +CML?PBG,) *?P?NMLBM#+ CR?J2RPCLERF?LBQICJCR?JKSQAJC?B?NR?RGMLQGLFC?TW PCQGQR?LAC RP?GLCB
    UMKCL?DRCPBCRP?GLGLE?LBPCRP?GLGLE) NNJ/FWQGMJZ
     2R?PML 12 'SK?L QICJCR?J KSQAJC ¤@CP RWNCQ #CJGLC?RGML  BCTCJMNKCLR  ?LB BGQRPG@SRGML "?L ) NNJ /FWQGMJ
    Z
     3CQAF/ +?PQQML+,SQAJCFWNCPRPMNFWGL@MBW@SGJBCPQ$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     3P?NNC2 '?P@CP, "PCCP CR?J2GLEJCKSQAJC¤@CP?B?NR?RGMLQUGRFK?P?RFMLRP?GLGLE) NNJ/FWQGMJ
     8MSLE 6!  !CFK #& $DDCARQ MD PSLLGLE  QR?RGA QRPCRAFGLE ?LB NP?ARGAC HSKNQ ML CVNJMQGTC DMPAC NPMBSARGML ?LB
    HSKNGLENCPDMPK?LAC)2NMPRQ,CB/FWQ%GRLCQQZ

    
    "PCN?JBG& ,?EEG22?PAMNCLG??LBMQRCMNMPMQGQ F?X?PBMSQBSCR)$LBMAPGLMJ(LTCQR2SNNJ Z
    %PCLAF#- &MKCX + 5MJCI)2 CR?J+MLEGRSBGL?JRP?AIGLEMDKSQASJ?PNMUCPAF?LECQMD-" #GTGQGML(AMJJCEG?RC
    UMKCLEWKL?QRQ)2RPCLERF"MLB1CQ Z
    &SGJJCR "  !MGPGC 8 (LQSJGL PCQGQR?LAC  AMLRPG@SRGLE D?ARMP RM ?EC PCJ?RCB KSQAJC K?QQ JMQQ #G?@CRCQ ,CR?@
    2NCA-M 2Z2
    )?LQQCL( 1MQQ1+GLIGLE?EC PCJ?RCBAF?LECQGLQICJCR?JKSQAJCK?QQ?LBAMKNMQGRGMLUGRFKCR?@MJGQK?LBBGQC?QC)
    -SRP'C?JRF EGLE Z
    -?PGAG ,5  1CCTCQ -#  ,MPQC "(  CR ?J ,SQASJ?P ?B?NR?RGMLQ RM PCQGQR?LAC CVCPAGQC GL RFC CJBCPJW ) ,SQASJMQICJCR
    -CSPML?J(LRCP?AR Z

    .+
    "MQRGJJ#+/FWQGMJMEWMDK?P?RFMLPSLLGLE) ,  Z
    "MQRGJJ #+ 3FC PCJ?RGMLQFGN @CRUCCL QCJCARCB NFWQGMJMEGA?J T?PG?@JCQ ?LB BGQR?LAC PSLLGLE NCPDMPK?LAC ) 2NMPRQ ,CB
    /FWQ%GRLCQQ Z
    "MQRGJJ#+ 6GLPMU$,?VGK?JMVWECLGLR?IC?KMLEK?P?RFMLPSLLCPQ PAF/FWQ,CB1CF?@GJ Z
    %GAI  4@CP BGC KCQQSLE BCQ @JSROS?LRSKQ GL BCL FCPRXTCLR PGICJL .L RFC KC?QSPCKCLR MD @JMMB K?QQ GL RFC FC?PR
    TCLRPGAJCQ 2GRX@CP/FWQGI ,CB&CQ6SPX@SPEZ
    &MJJLGAI/# PKQRPMLE1! 2?S@CPR"6(5 CR?J$LXWKC?ARGTGRW?LB¤@CPAMKNMQGRGMLGLQICJCR?JKSQAJCMDSLRP?GLCB
    ?LBRP?GLCBKCL) NNJ/FWQGMJ Z
    'CPK?LQCL +  6?AFRJMT? , "?NGJJ?PW BCLQGRW MD QICJCR?J KSQAJC GL UCJJ RP?GLCB ?LB SLRP?GLCB KCL ) NNJ /FWQGMJ
     Z
    'MJJMQXW ). !GMAFCKGA?J ?B?NR?RGMLQ GL KSQAJC $DDCARQ MD CVCPAGQC ML KGRMAFMLBPG?J MVWECL SNR?IC ?LB PCQNGP?RMPW
    CLXWKC?ARGTGRWGLQICJCR?JKSQAJC)!GMJ"FCKZ
    'SVJCW % -GCBCPECPIC12RPSARSP?JAF?LECQGLKSQAJCBSPGLEAMLRP?ARGML-?RSPCZ
    'SVJCW '$  '?LQML ) "F?LECQ GL APMQQ QRPG?RGMLQ MD KSQAJC BSPGLE AMLRP?ARGML ?LB QRPCRAF ?LB RFCGP QRPSARSP?J
    GLRCPNPCR?RGML-?RSPCZ
    (LEHCP %  !PMB?J / "?NGJJ?PW QSNNJW MD QICJCR?J KSQAJC ¤@CPQ GL SLRP?GLCB ?LB CLBSP?LAC RP?GLCB UMKCL $SP ) NNJ
    /FWQGMJ.AASN/FWQGMJ Z
    2?JRGL!/FWQGMJMEGA?JCDDCARQMDNFWQGA?JAMLBGRGMLGLE,CB2AG2NMPRQ$VCPAZ
    2?JRGL ! .VWECL SNR?IC ?LB A?PBG?A MSRNSR BSPGLE K?VGK?J RPC?BKGJJ ?LB @GAWAJC CVCPAGQC ,?J "?PBGMT?QA
     Z
    2?JRGL! -?X?P* "MQRGJJ#+ CR?J3FCL?RSPCMDRFCRP?GLGLEPCQNMLQCNCPGNFCP?J?LBACLRP?J?B?NR?RGMLQMDMLC JCEECB
    CVCPAGQC AR?/FWQGMJ2A?LB Z
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      "RJFC=;L;BIG?IMN;MC;?IMMCMN?G;M>?L?NLI;FCG?HN;‹ŠI
      !?M=L?P?L;ILA;HCT;‹ŠI>IMCMN?G;H?LPIMI
      "MKO?G;NCT;L;?MNLONOL;>?OGH?OL–HCI
      !C@?L?H=C;L ;M @OH‹™?M >;M J;LN?M =?HNL;F ? J?LC@ŒLC=; >I MCMN?G; H?LPIMI ? >;M >CPCM™?M ;ON–HIG; ?
    MIG;NIMM?HMILC;F
      !?VHCLOG;OHC>;>?GINIL;
      "RJFC=;L;=IH>O‹ŠI>?CGJOFMIMH?LPIMIM
      JFC=;LIJLCH=JCI>IN;G;HBIJ;L;IL?=LON;G?HNI>;V<L;d OM=OF;L
      !?M=L?P?LIMCMN?G;H?LPIMI?G;‹ŠI
      IHMC>?L;L;M;JFC=;‹™?MJL†NC=;M>IMCMN?G;H?LPIMI
      "RJFC=;L;M;>;JN;‹™?MH?OL;CM;I?R?L==CI

    % MCMN?G;H?LPIMIŒ;<;M?>?KO;M?NI>;M;M=IGOHC=;‹™?M>I=ILJI "F?@OH=CIH;
    CHNCG;G?HN?=IGIONLIMMCMN?G;MVMCIF•AC=IM
    =IGIŒL?W?NC>I?GN?LGIMOM;>IM
    =IGOG?HN? =IGI UH?OLI​GOM=OF;L[
     UH?OLI?H>•=LCHI[ ? UH?OLIP;M=OF;L[  M @OH‹™?M
    <†MC=;M >I MCMN?G; H?LPIMI MŠI L?=?<?L
     JLI=?MM;L
     CHN?AL;L ? L?MJIH>?L ; OG;
    CH@ILG;‹ŠI  *;CM ?MJ?=CV=;G?HN?
     I MCMN?G; H?LPIMI L?=?<? CH@ILG;‹™?M N;HNI >I
    ;G<C?HN?CHN?LHIKO;HNI>I?RN?LHI ,MCMN?G;H?LPIMI>?P?JLI=?MM;L?CHN?AL;L?MM;M
    CH@ILG;‹™?M ?
     ?HNŠI
     L?MJIH>?L ;JLIJLC;>;G?HN? ;IM >C@?L?HN?M ?MNGOFIM
     G?>C;H>I
    ;MMCG MIFO‹™?M ?@?NCP;M  , MCMN?G; H?LPIMI Œ ?MM?H=C;F J;L; ; =IGOHC=;‹ŠI L†JC>; ? ;
    =IIL>?H;‹ŠI >? GOCN;M @OH‹™?M VMCIF•AC=;M =LNC=;M J;L; I >?M?GJ?HBI HI ?R?L==CI
    !?MM? GI>I
     ?MN? =;JNOFI CHNLI>OT ;M @OH‹™?M ? ;M ?MNLONOL;M JLCG†LC;M >I MCMN?G;
    H?LPIMIMO;ILA;HCT;‹ŠI
    MO;OHC>;>?GINIL;?MO;M;JFC=;‹™?MJL†NC=;MHI?R?L==CI

    D=s~4B3>B8BC4<0=4AE>B>
    vMQGQRCK?LCPTMQM GLAJSGLBMMCLAD?JM OSCF?@GJGR??K?GMPG?B?QA?P?ARCP”QRGA?QOSCBGQRGLESCKTCPRC@P?BMQQSNCPGMPCQ
    BMQ?LGK?GQK?GQNPGKGRGTMQ$JCRMPL?NMQQ”TCJ?NCPACNŽMAMLQAGCLRC ?KCK™PG? ?QCLQ?ŽM MNCLQ?KCLRM ?NCPACNŽM
    MQPC¥CVMQQS@AMLQAGCLRCQCGLGAG?MQKMTGKCLRMQAMPNMP?GQ$KPCQSKM MQGQRCK?LCPTMQMDSLAGML?AMKM?PCBCNPGKŠPG?
    BC AMKSLGA?ŽM BM AMPNM OSC BCRCAR? BGQRžP@GMQ LM QCS GLRCPGMP C LM ?K@GCLRC CVRCPLM  C BGQN?P? KSB?L?Q N?P?
    PCQNMLBCP ?BCOS?B?KCLRC ? CQQCQ BGQRžP@GMQ v M QGQRCK? LCPTMQM  CLRŽM  M NPGLAGN?J PCQNMLQŠTCJ NCJ? K?LSRCLŽM B?
    FMKCMQR?QG?AMPNMP?JC?QQGKNCJ?NP™NPG?TGB?

    $2?FE6?wv@529@>6@DE2D:2
    $KSKRCPKMASLF?BMNCJMD?KMQM¤QGMJMEGQR?6?JRCP!"?LLML B?'?PT?PB4LGTCPQGRW CK MQGQRCK?LCPTMQM
    CQRŠCLTMJTGBMGLRGK?KCLRCAMK?K?LSRCLŽMB?8?=5?CD1C91BMQQGQRCK?Q¤QGMJ™EGAMQ'MKCMQR?QG??A?N?AGB?BCBC
    SKMPE?LGQKMMSBCSK?AJSJ?N?P?K?LRCPMCOSGJ”@PGMGLRCPLMNMPKCGMBM?HSQRCBCQCSQNPMACQQMQ¤QGMJ™EGAMQ?¤K
    BCK?LRCP?QDSLCQBCLRPMBMQJGKGRCQ¤QGMJ™EGAMQLMPCNMSQMMSLMCVCPA”AGM.CVCPA”AGMD”QGAM?NPCQCLR?SKBCQ?¤M
    DMPKGBŠTCJ N?P? MQ KCA?LGQKMQ FMKCMQRŠRGAMQ BM AMPNM  HŠ OSC PCQSJR? CK SK? T?PGCB?BC BC NCPRSP@?CQ ¤QGMJ™EGA?Q
    GLAJSGLBM?SKCLRML?RCKNCP?RSP? KSB?L?QLMCOSGJ”@PGM?AGBM@ŠQGAM FGNM FGBP?R?ŽM KSB?L?QL?NPCQQŽMQ?LES”​LC?
    C?JRCP?ŽML?EJGAMQCQ?LES”​LC? DSLŽM?BCOS?B?BMQGQRCK?LCPTMQMCQQCLAG?JN?P?OSCMAMPNMR?LRMBCRCARCOS?LRM
    PCQNMLB??CQQ?Q?JRCP?CQPCJ?AGML?B?QAMKMCVCPA”AGM
    5ŠPGMQRGNMQBCQGQRCK?QBCPCRPM?JGKCLR?ŽMQŽMSQ?BMQL?QAMKSLGA?CQMNCP?AGML?GQCLRPCMQGQRCK?LCPTMQMCOS?QC
    RMBMQMQQGQRCK?QMPE‹LGAMQCKRMBMMAMPNM.QQGQRCK?QBCPCRPM?JGKCLR?ŽMK?GQAMKSLQQŽMAF?K?BMQBCY?J?QBC
    PCRPM?JGKCLR?ŽM NMQGRGT? C LCE?RGT?^ $K RCPKMQ QGKNJCQ  SK? ?J? BC PCRPM?JGKCLR?ŽM NMQGRGT? NMBC NPMKMTCP MS
    KCQKMGLRCLQG¤A?PSKNPMACQQM#SP?LRCMCVCPA”AGM NMPCVCKNJM ?K?GMP?AGBMQCNPMBSXGB?NCJM h žQASJM?RGTMA?SQ?PŠ
    ?SKCLRMLM¥SVMQ?LES” i CMN?P?MRCAGBM?DCR?BM"MKMML”TCJBC?RGTGB?BCBM h žQASJM?SKCLR? PCQSJR?LBMCK?AGBMQC
    ?GLB? K?GMP  MAMPPCPŠ ?SKCLRM K?GQ NPMLSLAG?BM LM ¥SVM Q?LES”i CM JRCPL?RGT?KCLRC  ?J?Q BC PCRPM?JGKCLR?ŽM
    LCE?RGT?Q OSCQŽM?GLB?K?GQAMKSLQBMOSC?QNMQGRGT?Q BGKGLSGPŽMMSPCBSXGPŽM?GLRCLQGB?BCBCSKNPMACQQM?RGTMCK
    SK?RCLR?RGT?BCPCRMPL?PN?P?M:;(;<:8<6GLGAG?J4K@MKCVCKNJMBC?J?BCPCRPM?JGKCLR?ŽMLCE?RGT?MKCA?LGQKM
    BC QSMP  OSC  ?RGT?BM BSP?LRC M CVCPA”AGM RGTGB?BC ​KSQASJ?P NPMJMLE?B? ?SKCLR? M A?JMP NPMBSXGBM NCJM ​KžQASJM
    CQOSCJRGAMCCJCT??RCKNCP?RSP?AMPNMP?J/?P?@?J?LAC?PGQQMCNPCTCLGPOSCMAMPNMQSNCP?OSC? ?AMLRCACMQSMP OSC
    PCQSJR? CK NCPB? BC A?JMP CT?NMP?RGT? C CK CDCGRM BC PCQDPG?KCLRM 4K? T?PGCB?BC BC QGQRCK?Q BC PCRPM?JGKCLR?ŽM
    ?AMLRCACN?P?PCESJ?P?DSLŽM¤QGMJ™EGA?LMPCNMSQM BSP?LRCMCVCPA”AGMCL?PCASNCm?ŽM

    t;D;0B42><?>=4=C4BBD124;D;0A4B3>B8BC4<0=4AE>B>

    4K?T?PGCB?BCBCAJSJ?QAMK?L?RMKG?C¤QGMJMEG?CQNCAG?JGX?B?QDMPK?MQGQRCK?LCPTMQM$QQ?QAJSJ?QNMQQG@GJGR?KOSC
    MQGQRCK?LCPTMQMPC?JGXCRMB?Q?QQS?QDSLCQPCJ?AGML?B?QAMKMAMLRPMJCBMAMPNMCBCQCSQQGQRCK?Q¤QGMJ™EGAMQ

    %6FC€?:@D
    3?JTCX M RGNM BC AJSJ? K?GQ CQQCLAG?J N?P? ? DSLŽM BM QGQRCK? LCPTMQM QCH? M >5EBt>9? . LCSPšLGM  SK? AJSJ?
    CJCRPGA?KCLRC CVAGRŠTCJ OSC GLGAG?  PCAC@C C RP?LQKGRC GLDMPK?ŽM NMP RMBM M AMPNM 4K LCSPšLGM R”NGAM AMLQGQRC CK 
    AMKNMLCLRCQ @ŠQGAMQ   45>4B9D?C    SK 3?B@? 35<E<1B C   1Ht>9?C %GESP?   . AMPNM ACJSJ?P BC SK LCSPšLGM
    AMLRKLžAJCM KGRMAšLBPG?Q PG@MQQMKMQCMSRPMQAMLQRGRSGLRCQACJSJ?PCQ.QBCLBPGRMQPCAC@CKGLDMPK?CQGKNSJQMQ C
    ?QPCN?QQ?KN?P?MAMPNMACJSJ?PR?K@KAF?K?BMBCQMK? OSCMACLRPMBCNPMACQQ?KCLRMB?QGLDMPK?CQPCAC@GB?Q
    2GL?GQ QŽM CLRŽM K?LB?BMQ BM AMPNM ACJSJ?P NCJM QCS ?VšLGM N?P? MSRPM LCSPšLGM MS PCACNRMP LM RCAGBM ?JTM N CV  ​
    KžQASJM /?P?OSCSKGKNSJQMQCH?CLTG?BMBMAMPNMACJSJ?PNCJMQCS?VšLGM SKJGKG?PBCOS?LRGB?BCBCCQR”KSJMBCTC
    QCPPCAC@GBMNCJMQBCLBPGRMQ-?CVRPCKGB?BCBM?VšLGMOSCQCJGE?AMKMAMPNMACJSJ?PCQRŠ?XML?BC49C@1B?1Ht>93?
    OSCMJMA?JMLBCMAMPPC?QMK?ŽMBMQQGL?GQCJRPGAMQOSCCQRŽMAFCE?LBM$KB?BMKMKCLRM SKJGKG?PBCOS?LRGB?BC
    BCCQR”KSJMQNMBCQCP?JA?L?BM D?XCLBMAMKOSCMLCSPšLGMGLGAGCCK?LBCSK?A?PE?CJRPGA? MSYNMRCLAG?JBC?ŽM^
    N?P? DMP? BM QCS AMPNM ACJSJ?P  ?RP?TQ BM ?VšLGM  N?P? AML​RG​LS?P M ¥SVM BC GLDMPK?ŽM N?P? M NP™VGKM LCSPšLGM MS
    RCAGBM ?JTM  GL​¥S‘L ^G? AMJCRGT? BC RMBMQ MQ LCSPšLGMQ OSC AMLBSXCK GKNSJQMQ NCJMQ BCLBPGRMQ N?P? B?BM LCSPšLGM
    BCRCPKGL?PŠ QC M NMRCLAG?J BC ?ŽM QCPŠ GLGAG?BM L? XML? BC BGQN?PM ?VšLGAM C K?LB?BM NCJM LCSPšLGM N?P? M NP™VGKM
    LCSPšLGMMSRCAGBM ?JTM
    $QRPSRSP?JKCLRC  MQ LCSPšLGMQ ?NPCQCLR?K KSGR?Q DMPK?Q C R?K?LFMQ BGDCPCLRCQ %GESP? !  .Q  RGNMQ @ŠQGAMQ QŽM
    KSJRGNMJ?P NQCSBMSLGNMJ?PC@GNMJ?P4KLCSPšLGMKSJRGNMJ?PRCKNPMACQQMQKžJRGNJMQOSCQCCQRCLBCKBMAMPNMACJSJ?P
    KSGRMQBCLBPGRMQCSKžLGAM?VšLGM-CSPšLGMQNQCSBMSLGNMJ?PCQQŽMNPGK?PG?KCLRCLCSPšLGMQQCLQGRGTMQ-MGL”AGMBC
    QCSBCQCLTMJTGKCLRM M?VšLGMCMBCLBPGRMQCDSLBCKN?P?DMPK?PSKNPMACQQMžLGAMAMKSKBCLBPGRMKSGRMNCOSCLM
    ?GLB?CVGQRGLBMCSKJMLEM?VšLGMOSCAMLBSXGKNSJQMQN?P?MQGQRCK?LCPTMQMACLRP?J-CSPšLGMQ@GNMJ?PCQR‘K?VšLGM
    CBCLBPGRMCQŽMNPGK?PG?KCLRCQCLQGRGTMQCJCQNMBCKQCPCLAMLRP?BMQL?PCRGL?BMMJFM
    VšLGMQT?PG?KCKAMKNPGKCLRMBCTGBMBGQR‹LAG?B?KCBSJ?CQNGL?JN?P??AJSJ? ?JTM QQGK MAMKNPGKCLRMBCSK
    ?VšLGMNMBCT?PG?PBCKGJ”KCRPMQ?RK?GQBCSKKCRPMAMKMSK?VšLGMBCGV?LBM?KCBSJ?CQNGL?JBCSKHME?BMPBC
    @?QOSCRCBCKCRPMQCQCCQRCLBCLBM?RMQ​KžQASJMQBCQCSN$LOS?LRMCVGQRCKKSGRMQRGNMQBGDCPCLRCQBCLCSPšLGMQ
    LMAMPNM RMBMQCJCQR‘K?A?N?AGB?BCBCNPMBSXGPCMSRP?LQKGRGPGLDMPK?ŽML?DMPK?BCGKNSJQMQCJRPGAMQ-CSPšLGMQ
    QCLQGRGTMQ R?K@K AF?K?BMQ BC LCSPšLGMQ ?DCPCLRCQ  R‘K RGNGA?KCLRC SK BCLBPGRM JMLEM  OSC A?PPCE? GLDMPK?ŽM B?Q
    AJSJ?QNCPGDPGA?QNCV L?PGX MJFMQ NMLR?QBMQBCBMQ N?P?QCSQMK? CLAMLRP?BMDMP?B?KCBSJ?CQNGL?J LME‹LEJGMB?
    P?GX BMPQ?J  MLBC SK ?VšLGM ASPRM RP?LQKGRC ? GLDMPK?ŽM N?P? M QGQRCK? LCPTMQM ACLRP?J #CQQ? K?LCGP?  >5EBt>9?C
    C5>C9D9F?C A?PPCE?K KCLQ?ECLQ BMQ PCACNRMPCQ QCLQGRGTMQ L? NCPGDCPG? BM AMPNM N?P? M QGQRCK? LCPTMQMQ ACLRP?J
    $5EBt>9?C =?D?B5C R?K@K AF?K?BMQ BC LCSPšLGMQ CDCPCLRCQ  R‘K QCS AMPNM ACJSJ?P L? KCBSJ? CQNGL?J  ?NPCQCLR?K
    SK ?VšLGM JMLEM OSC GLCPT? ?Q ¤@P?Q h SQASJ?mCQ C BCLBPGRMQ ASPRMQ N?P? PCAC@CP GKNSJQMQ BC MSRPMQ LCSPšLGMQ
    >D5B>5EBt>9?CQŽMLCSPšLGMQCQNCAG?GQOSCQŽMTGQRMQ?NCL?QL?N?PRCACLRP?JBMQGQRCK?LCPTMQM MLBCCJCQPCNPCQCLR?K
    K?GQBCBCRMBMQMQLCSPšLGMQ$QQ?QAJSJ?QDSLAGML?KNPGLAGN?JKCLRCAMLCAR?LBMLCSPšLGMQQCLQGRGTMQCKMRMPCQC
    GLRCP?EGLBM AMK SK MSRPM N?P? PC?​JG​X?P M AMLRPMJC ¤LM BSP?LRC SK? ?RGTGB?BC h SQASJ?P $QQCQ GLRCPLCSPšLGMQ QŽM
    M@TG?KCLRC GKNMPR?LRCQ LM CQNMPRC  HŠ OSC CJCQ ?EPSN?K ?Q CLRP?B?Q QCLQGRGT?Q AMKM L? ?LŠJGQC B? TCJMAGB?BC C B?
    JMA?JGX?ŽMBCSK?@MJ?BC@CGQC@MJJ?L?B?AMK?PCQNMQR?BCQCH?B?BMQGQRCK?KMRMPAMKMBSP?LRCMEGPMBM@?QRŽMN?P?
    @?RCPL?@MJ??PPCKCQQ?B?
    86DA0   *8?>B 3854A4=C4B 34 =4DA|=8>B 4=2>=CA03>B => 2>A?> 7D<0=> "F?M ;JL?M?HN;G P†LCIM @ILG;NIM ?
    N;G;HBIM
     G;M @OH>;G?HN;FG?HN? NI>IM NG  ;R–HCI ?  >?H>LCNI   *IMNL; OG H?OL–HCI NJC=I  GIMNL; ;
    ;GJF;P;LC?>;>?>IMH?OL–HCIMKO?@ILG;GIMCMN?G;H?LPIMI =ŒFOF;BILCTIHN;F>? ;D;F>I=•LN?R=?L?<L;F
    =ŒFOF;>?*;LNCHINNC =ŒFOF;<CJIF;L =ŒFOF;OHCJIF;LA‡HAFCI>;L;CTJIMN?LCIL H?OL–HCIM>?-OLECHD? =ŒFOF;
    JCL;GC>;F >; ​†L?; GINIL; >I =•LN?R =?L?<L;F ?  GIMNL; OG; MCH;JM? NJC=; @ILG;>; J?F;M ​†L?;M JLŒ MCH†JNC=; ?
    J•M MCH†JNC=;

    %6FC@8=:2
    #CLRPM L? N?PRC ACLRP?J BM QGQRCK? LCPTMQM  ?NCL?Q ACPA? BC  B?Q AJSJ?Q QŽM LCSPšLGMQ 0 ,  ?DCPCLRCQ  CDCPCLRCQ C
    GLRCPLCSPšLGMQ CMPCQR?LRCAF?K?BMBCLCSPMEJG?MSAJSJ?QEJG?GQ$QQ?QAJSJ?QLŽMQŽMA?N?XCQBCGLGAG?PMSAMLBSXGP
    QGL?GQ CJRPGAMQ  K?Q BCQCKNCLF?K N?NG​Q TGR?GQ NMP DMPLCACP QSNMPRC C LSRPGŽM ?MQ LCSPšLGMQ C R?K@K DMPK?K ?Q
    @?GLF?Q BC KGCJGL? BMQ ?VšLGMQ BC ?JESLQ LCSPšLGMQ $QQ?Q @?GLF?Q BC KGCJGL? QŽM GKNMPR?LRCQ N?P? MQ CQNMPRCQ C M
    ?RJCRGQKM HŠOSC?SKCLR?K?TCJMAGB?BCAMKOSCSKGKNSJQMRP?LQKGRGBMNCJMQGQRCK?LCPTMQM4KEMJCGPMBCF™OSCG
    LM ECJM BCTC NPMACQQ?P P?NGB?KCLRC ? GLDMPK?ŽM N?P? N?P?P BGQAMQ BGQN?P?BMQ AMLRP? CJC ? TCJMAGB?BCQ BC K?GQ BC 
    IK\FZ

    *:?2AD6D
    .RCPKMC9>1@C5QCPCDCPC?MNMLRMBCAMLCVŽMCAMKSLGA?ŽMCLRPCAJSJ?QCVAGRŠTCGQLCSPšLGMQCAJSJ?Q​KSQASJ?​PCQ
    QŽMAMLQGBCP?BMQAJSJ?QCVAGRŠTCGQ .NPGKCGPMLCSPšLGMLCQQ?JGLF?BCAMKSLGA?ŽM MSYLCSPšLGMNP QGLŠNRGAM^ JG@CP?
    SK?QS@QR‹LAG?OS”​KGA?AMLFCAGB?AMKM>5EB?DB1>C=9CC?B OSCQCBGDSLBCNMPSKNCOSCLMCQN?MCCLRŽMQCJGE??MQ
    B535@D?B5CCMQ?RGT? OSCQŽMQ”RGMQCQNCAG?JGX?BMQCQNCA”¤AMQJMA?JGX?BMQL?AJSJ? ?JTM OSC?JESK?QTCXCQAF?K?B?BC
    YAJSJ? N™Q QGLŠNRGA?^ #CQQ? K?LCGP?  ?Q KCK@P?L?Q NP C N™Q QGLŠNRGA?Q LŽM CQRŽM CK AMLR?RM AMKM PCQSJR?BM  M
    GKNSJQMCJRPGAMA?PPCE?BMNCJMLCSPšLGMNP QGLŠNRGAMRP?LQBSXGBMBCSK?AJSJ?CVAGRŠTCJN?P?MSRP?NCJ?JG@CP?ŽMBM
    LCSPMRP?LQKGQQMPCQNCA”¤AMB?OSCJCLCSPšLGM AJSJ? ?JTMNMBCQCPMSRPMLCSPšLGM SK?PCEGŽMCQNCAG?JGX?B?B?AJSJ?*
    KSQASJ?PMSSK?AJSJ?QCAPCR™PG?SK?AJSJ?OSCNMBCNPMBSXGPCQCAPCR?PSK?QS@QR‹LAG?OS”​KGA? .RGNMBCQGL?NQC
    BCQAPGRM?LRCPGMPKCLRC CKOSCSKLCSPMRP?LQKGQQMPSRGJGX?BMN?P?RP?LQKGRGP?GLDMPK?ŽMBCSK?AJSJ?CVAGRŠTCJN?P?
    MSRP? AF?K?BMBCC9>1@C5AEo​=931$K@MP?P?P?KCLRCCLAMLRP?BMLMQGQRCK?LCPTMQMBCK?K”DCPMQ CVGQRCSKMRGNM
    BCQGL?NQC OSCJGE?AJSJ?QCVAGRŠTCGQLM​KžQASJMA?PB”?​AMKGMAŠPBGM CAJSJ?Q​KSQASJ?​PCQJGQ?QCLAMLRP?B?QCKEJ‹LBSJ?Q
    CLMRP?RME?QRPGLRCQRGL?J$J?QQŽMAF?K?B?QBCC9>1@C5C5<lDB931C CRP?LQKGRCKGLDMPK?ŽMBCSK?AJSJ?N?P??MSRP?
    NCPKGRGLBMOSC”M​LQMSN?PR”ASJ?QA?PPCE?B?QCJCRPGA?KCLRCN?QQCKBGPCR?KCLRCCLRPCCJ?Q?RP?TQBC​ŠPC?QCQNCAG?JGX?B?Q
    L?QKCK@P?L?QACJSJ?PCQAF?K?B?QBCHSLCQAMKSLGA?LRCQ
    $K QGL?NQCQ OS”​KGA?Q   M LCSPMRP?LQKGQQMP M PCQNMLQŠTCJ NMP BGQN?P?P SK NSJQM CJRPGAM L? AJSJ? N™Q QGLŠNRGA?
    N?QQ?LBM MSRP?LQBSXGLBM ?GLDMPK?ŽMBCSKLCSPšLGMN?P?MSRPM MSN?P?SK?¤@P?h SQASJ?P#CNMGQBC?RP?TCQQ?P?
    DCLB? QGLŠNRGA?  MS M CQN?M CLRPC MQ LCSPšLGMQ NP C N™Q QGLŠNRGAMQ  M LCSPMRP?LQKGQQMP QC JGE? ?MQ PCACNRMPCQ LM
    LCSPšLGMN™Q QGLŠNRGAM/MPQS?TCX CQQCCTCLRM?@PCA?L?GQ NCPKGRGLBMMKMTGKCLRMBC”M​LQ?RP?TQB?KCK@P?L?B?
    AJSJ? N™Q QGLŠNRGA? 2C OS?LRGB?BCQ ?BCOS?B?Q BC ”M​LQ ?RP?TCQQ?K ? KCK@P?L?  ? A?PE? NPMBSXGB? QCPŠ DMPRC M @?QR?LRC
    N?P?A?SQ?PSK?PCQNMQR?L?KCK@P?L?N™Q QGLŠNRGA?2C?QGL?NQCCLRPCLCSPšLGMQ ?KCK@P?L?N™Q QGLŠNRGA??BC
    SKBCLBPGRMCMGKNSJQMCLRPCESCNCJM?VšLGMNP QGLŠNRGAM2C?QGL?NQCCLRPCMLCSPšLGMCSK?AJSJ? ?JTM AMKM
    SK?¤@P? h SQASJ?P ?PCQNMQR?B?AJSJ? ?JTMGLGAG?B? PCQSJR?LBMCKAMLRP?ŽMB?¤@P?KpQASJ?P.LCSPMRP?LQKGQQMP
    P?NGB?KCLRCBCEP?B?BMNMPSK?CLXGK?L?DCLB?QGLŠNRGA??QQGK MLCSPMRP?LQKGQQMPCQRŠNPCQCLRCC?RGTM?NCL?QNMPSK
    NCP”M​BMASPRML?QGL?NQC/?P?OSC?AMKSLGA?ŽMAML​R”​LS?MAMPP? OS?LRGB?BCQ?BGAGML?GQBCLCSPMRP?LQKGQQMPBCTCKQCP
    JG@CP?B?Q NCJM LCSPšLGM NP QGLŠNRGAM L? DCLB?  N?P? OSC CJC NMQQ? QC JGE?P ?MQ PCACNRMPCQ L? AJSJ? N™Q QGLŠNRGA?
    NCPKGRGLBM OSC K?GQ ”M​LQ CLRPCK LCJ? ,?GQ BC  QS@QR‹LAG?Q OS”​KGA?Q LCSPMRP?LQKGQQMP?Q DMP?K BCQAM@CPR?Q  AMK ?Q
    NPGLAGN?GQ QCLBM ?ACRGJAMJGL?  FGQR?KGL?  LMPCNGLCDPGL? LMP?BPCL?JGL?  BMN?KGL?  QCPMRMLGL?  EJSR?K?RM  ŠAGBM E?K?
    ?KGLM@SR”PGAM& ! EJGAGL? QS@QR‹LAG?/ CLACD?JGL?QCCLBMP¤L?Q

    )646AE@C6D
    $VGQRCKKSGRMQRGNMQBGDCPCLRCQBCPCACNRMPCQLMAMPNMCRMBMQCQRŽMCLTMJTGBMQAMKAMKSLGA?ŽM1CACNRMPCQQŽMNPMRC”​
    L?Q BCQRGL?B?Q ? QC JGE?PCK ? SK? QS@QR‹LAG? CQNCA”¤A?  AMKM SK LCSPMRP?LQKGQQMP  SK FMPKšLGM MS MSRP? QS@QR‹LAG?
    OS”​KGA? OSCAF?K?B?BC<971>D5 OSGQCPŽMRP?R?BMQMQPCACNRMPCQOSCQCJGE?K?LCSPMRP?LQKGQQMPCQ$QQCQPCACNRMPCQ
    LŽM QŽM ?NCL?Q CQNCA”¤AMQ N?P? MQ LCSPMRP?LQKGQQMPCQ  ?M AMLRPŠPGM BC FMPKšLGMQ MS MSRP?Q QS@QR‹LAG?Q OS” h GA?Q  K?Q
    A?B? LCSPMRP?LQKGQQMP RCK QCS NP™NPGM PCACNRMP (QQM NCPKGRC OSC ? AMKSLGA?ŽM CLRPC TŠPGMQ LCSPšLGMQ K?LRCLF? QS?
    ¤BCJGB?BCMSCV?RGBŽM BCKMBMOSC?QAJSJ?Q ?JTMPCAC@?KGLDMPK?ŽM?NCL?QB?QAJSJ?QNP QGLŠNRGA?Q?BCOS?B?Q2C
    BGDCPCLRCQ LCSPMRP?LQKGQQMPCQ AMKN?PRGJF?QQCK PCACNRMPCQ  ?Q PCBCQ BC AMKSLGA?ŽM QC RMPL?PG?K AMLDSQ?Q C ?Q AJSJ?Q
    ?JTM N™Q QGLŠNRGA?Q PCAC@CPG?K GLDMPK?ŽM LŽM GLRCLAGML?J B?Q AJSJ?Q NP QGLŠNRGA?Q YCPP?B?Q^ "MKM BCQAPGRM
    ?LRCPGMPKCLRC AMK?JGE?ŽMBMLCSPMRP?LQKGQQMP MPCACNRMP?@PCA?L?GQOSCNCPKGRCKM¥SVM MSKMTGKCLRM BC”Mi Q
    ?RP?TQ B? KCK@P?L? LCSPML?J  PCQSJR?LBM CK A?PE? CJRPGA? "MKM K?GQ SK CVCKNJM B? CQNCAG¤AGB?BC BMQ PCACNRMPCQ
    A?B? RGNM BCJCQ NCPKGRC OSC ?NCL?Q SK žLGAM RGNM BC ”M​L  QCH? -?  *  MS "?  N?QQC ?RP?TQ BC QCSQ A?L?GQ  žLGA?
    CVACŽM BCQQ? PCEP?  M PCACNRMP BC ?ACRGJAMJGL? L? HSLŽM LCSPM​KSQASJ?P )-,  .Q A?L?GQ GLQCPGBMQ LCQQC RGNM BC
    PCACNRMP NCPKGRCK OSC -?  C *  ?RP?TCQQCK AMLAMKGR?LRCKCLRC ? KCK@P?L? B? ¤@P? h SQASJ?P  CK@MP? CK BGPCCQ
    MNMQR?Q -?  N?P? BCLRPM C *  N?P? DMP?  $K PCQSKM  M PCACNRMP  CQQCLAG?J N?P? ? AMKSLGA?ŽM BC SK LCSPšLGM AMK
    MSRPM  NMGQ CJC QC JGE? ?M LCSPMRP?LQKGQQMP OSC  JG@CP?BM BM LCSPšLGM NP N?P? M N™Q QGLŠNRGAM  C AMLTCPRC ?OSCJ?
    KCLQ?ECK OS”​KGA? CK SK? A?PE? CJRPGA?  NMQQG@GJGR?LBM OSC ”M​LQ A?PPCE?BMQ CJCRPGA?KCLRC QC KMT?K ?RP?TQ B?
    KCK@P?L? B? AJSJ? N™Q QGLŠNRGA? 4K? QGL?NQC R”NGA?  KMQRP?B? L? %GESP?  $K QCESGB?  CV?KGL?PCKMQ AMKM MQ
    LCSPšLGMQCQRŽMMPE?LGX?BMQL?QBGDCPCLRCQBGTGQCQBMQGQRCK?LCPTMQM
    86DA0    4BCADCDA0 1oB820 34 D<0 B8=0?B4 2>< B4DB 3854A4=C4B 2><?>=4=C4B 8=2;D8=3> D<0 ?A>C4w​=0
    A424?C>A0 @D4 A42414 > B8=0; @Dw​<82> 34 D< =4DA>CA0=B<8BB>A 2G JIN?H=C;F >? ;‹ŠI =B?A; ;I N?LGCH;F JLŒ
    MCH†JNC=I ? ; >?MJIF;LCT;‹ŠI >?MM? N?LGCH;F ;<L? =;H;CM C–HC=IM
     J?LGCNCH>I KO? I ;  ?HNL? H; =ŒFOF;  , ;
    >CMJ;L;;FC<?L;‹ŠI>?H?OLINL;HMGCMMIL?M>;MP?​M=OF;M??F?MM?FCA;G;IML?=?JNIL?MH;G?G<L;H;J•M MCH†JNC=;

    IKO?L?MOFN;H;;<?LNOL;?HI@?=B;G?HNI>?=;H;CMC–HC=IMJ;L;JLIPI=;LOG;GO>;H‹;HIJIN?H=C;F>;G?G<L;H;
    J•M MCH†JNC=; ?
     KO;H>I ?F? ;F=;H‹; I FCGC;L
     OG JIN?H=C;F >? ;‹ŠI Œ JLI>OTC>I
     KO? M? JLIJ;A; J;L; ; JL•RCG;
    =ŒFOF;  *I>CV=;>I >? ?;L *
     IHHILM 
     -;L;>CMI *  +?OLIM=C?H=? "RJFILCHA NB? L;CH  L> ?>  ;FNCGIL?
    )CJJCH=INN4CFFC;GM;H>4CFECHM 

    ! 

    %D:DE6>2?6CG@D@2;F522>2?E6C2K9@>6@DE2D:2Q5@DD:DE6>2DLD:@=8:4@D
    ):DE6>2D56C6EC@2=:>6?E2wv@A@D:E:G@D6?682E:G@DC68F=2>27F?wv@LD:@=8:42?@56D42?D@5FC2?E6@6I6C4{4:@6?2C64FA6 `2wv@
    +>?6FC€?:@E{A:4@4@?D:DE66> 4@>A@?6?E6D3sD:4@D 56?5C:E@D F>4@CA@46=F=2C6 2I€?:@D
    %D?6FC€?:@DD6?D:E:G@D42CC682>>6?D286?D5@DC646AE@C6DD6?D:E:G@DA2C22A2CE646?EC2=5@D:DE6>2?6CG@D@
    %D ?6FC€?:@D >@E@C6D Ey>  2I€?:@ =@?8@ BF6 6?G:2 :>AF=D@D 52 A2CE6 46?EC2= 5@ D:DE6>2 ?6CG@D@ A2C2 @ ​>ƒD4F=@ 6 56?5C:E@D
    4FCE@D
    ?E6C?6FC€?:@DDv@?6FC€?:@D6DA64:2=:J25@D6?4@?EC25@D2A6?2D?2A2CE646?EC2=5@D:DE6>2?6CG@D@BF64@?64E2>F>?6FC€?:@2
    @FEC@
    +>2D:?2AD6x@A@?E@564@?6Iv@6?EC6 4x=F=2D6I4:EsG6:D
    %D?6FC€?:@D=:36C2>?6FC@EC2?D>:DD@C6DBF6D65:7F?56>2EC2GxD56F>276?52A6BF6?262E:G2>C646AE@C6D?24x=F=22=G@
    (646AE@C6DC64636>D:?2:DBF{​>:4@D56F>?6FC€?:@AC64656?E6

    %A60=8H0sr>3>B8BC4<0=4AE>B>

    .QGQRCK?LCPTMQMBGTGBGBMCKN?PRCQNPGLAGN?GQ?N?PRCACLRP?JC?N?PRCNCPGDPGA? N?PRCACLRP?JBMQGQRCK?LCPTMQM
    AMKNMQR?NCJMCLAD?JMC?KCBSJ?CQNGL?J CLOS?LRM?N?PRCNCPGDPGA?P?KG¤A?B?CKTŠPG?QBGTGQCQBGDCPCLRCQ"?B?
    BGTGQŽMRCKQS?QA?N?AGB?BCQCQRPSRSP?GQCDSLAGML?GQžLGA?Q K?QRMB?QAMLRPG@SCKN?P?MQGQRCK?LCPTMQMžLGAM?JR?KCLRC
    GLRCEP?BM MPE?LGX?ŽM@ŠQGA?BMQGQRCK?LCPTMQM?NPCQCLR?B?L?%GESP?

    '2CE646?EC2=5@D:DE6>2?6CG@D@
    @1BD535>DB1<4?C9CD5=1>5BF?C?AMLQGQRCLMCLAD?JMCL?KCBSJ?CQNGL?J CRCKK?GQBC@GJFCQBCLCSPšLGMQ
    NPMACQQ?LBM C ?BKGLGQRP?LBM DSLCQ ¤QGMJ™EGA?Q BGDCPCLRCQ N CV  NCPACNŽM BC BMP  DSLCQ ACPC@P?GQ  QSMP CRA
    GLAJSQGTC??RGT?ŽMMS?CQRGKSJ?ŽMBMQ​KžQASJMQCQOSCJRGAMQN?P?QCAMLRP?”​PCKCA?SQ?PCKKMTGKCLRM.CLAD?JM
    NPMRCEGBMNCJMAP‹LGM C?KCBSJ?CQNGL?J NCJ?QTPRC@P?Q3?LRM?KCBSJ?CQNGL?JOS?LRMMCLAD?JMCQRŽM@?LF?BMQNCJM
    J”OSGBM ACPC@PMQNGL?J +"2  OSC NPMRCEC MQ RCAGBMQ LCSP?GQ QCLQ”TCGQ C DMPLCAC ? CJCQ SK ?K@GCLRC GLRCPLM AMLQR?LRC
    %GESP? 

    0&`)$.1
    . CLAD?JM AMLQGQRC CK K?GQ BC  @GJFCQ BC LCSPšLGMQ MPE?LGX?BMQ CK PC​EGCQ BGQAPCR?Q C ?NPCQCLR?LBM DSLCQ
    CQNCA”¤A?Q?QQMAG?B?Q?CJ?Q%GESP? .3lB52B? AMLFCAGBMAMKMMYJMA?JB?AMLQAG‘L​AG?^ ?K?GMPN?PRCBMCLAD?JM
    BM QCP FSK?LM  BGTGBGBM CK FCKGQDPGMQ CQOSCPBM C BGPCGRM  OSC QŽM AMLCAR?BMQ NCJM *6976 *(36:6 .Q  FCKGQDPGMQ QŽM
    PCAM@CPRMQNMPSK?A?K?B?¤L?BCK?RPG?AGLX?AF?K?B?BCA™PRCVACPC@P?J.A™PRCVBGTGBGBMCKPCbGCQ AF?K?B?Q
    BC JM@MQ MAAGNGR?J  RCKNMP?J  N?PGCR?J C DPMLR?J Q DSLCQ PCESJ?B?Q NMP CQQ?Q PC​EGCQ BGDCPCLRCQ CQRŽM ?NPCQCLR?B?Q L?
    3?@CJ?#CTCQCPPCQQ?JR?BMOSCMQKMTGKCLRMQAMLQAGCLRCQCAMLRPMJ?BMQOSCA?P?ARCPGX?KMCVCPA”AGMQŽMGLGAG?BMQLM
    A™PRCVKMRMPJMA?JGX?BMLMJM@MDPMLR?JBMAPC@PM
    .35B525<?CM2E<2?QŽMAMLFCAGBMQAMKMN?PRCBMCLAD?JMGLAMLQAGCLRC OSCR?K@KGLAJSGMKCQCLAD?JMC?NMLRC
    1CESJ?ŽMBMAMP?ŽM B?PCQNGP?ŽM B?NPCQQŽMQ?LES”​LC?CBMQPC¥CVMQ AMKMMBCCLEMJGP QMJS?P CQNGPP?PCTMKGR?P
    CLTMJTCKM@SJ@MC?NMLRC.ACPC@CJM??K?GMPN?PRCBMCLAD?JM$JCGKNMPR?LRCN?P?MQCVCPA”AGMQCMCQNMPRC
    NMPOSCCQRŠCLTMJTGBMAMK?PCESJ?ŽMB?AMMPBCL?ŽM​KSQASJ?PBSP?LRC?CVCASŽMBCKMTGKCLRMQKMRMPCQCR?K@K
    ?HSB??AMMPBCL?PMCOSGJ”@PGMC?NMQRSP?LMPK?J
    .89@?Dg<1=?SK?B?QNMPCQPCESJ?R™PG?QK?GQGKNMPR?LRCQBMCLAD?JM GL¥SCLAG?LBMSK?T?PGCB?BCBCDSLCQ
    ¤QGMJ™EGA?Q CLTMJTGB?Q AMK M CVCPA”AGM  GLAJSGLBM QCBC  RCKNCP?RSP? AMPNMP?J  NPCQQŽM Q?LES” i C?  COSGJ”@PGM BC ŠES? C
    DSLŽMCLB™APGL?$JCAF?K?BMBCACLRPMFMKCMQRŠQGAMBMCLAD?JM.FGNMRŠJ?KMTGR?JAMKMACLRPMBCRP?LQKGQQŽM
    N?P??QGL?JGX?ŽMLCSPML?JOSCAFCE?"MKMCJCAMLRPMJ??QDSLCQAMPNMP?GQ B?LMQ?MCLAD?JM AMKM?QAMLASQQCQCK
    TGPRSBCB?N?PRGAGN?ŽMCQNMPRGT? R‘KQPG?QGKNJGA?CQ!MVC #?KCQK?K?LCGP? BC¤AG‘L ^G?QLMBCQCLTMJTGKCLRM
    AMKM?Q”LBPMKCBC#MUL R?K@K?DCR?K?QA?N?AGB?BCQKCLR?GQCKMRMP?Q!MVC 

    ('7.$(52,0$.
    KCBSJ?CQNGL?JSKDCGVCRS@SJ?PBCLCPTMQOSCGLRCEP??N?PRCACLRP?JBMQGQRCK?LCPTMQM MPGEGL?LBM QCBMCLAD?JM
    $J?  PCTCQRGB? C NPMRCEGB? NCJ?Q TPRC@P?Q  OSC DMPK?K ? AMJSL? TCPRC@P?J  C A?B? L”TCJ RCK LCPTMQ OSC Q?CK BCJ? N?P?
    BGDCPCLRCQ™PEŽMQ ?JTM.QLCPTMQPCJ?AGML?BMQAMK?QDSLCQ​KSQASJ?​PCQQŽMKMQRP?BMQL?%GESP? GLDMPK?ŽM
    N?QQ?B?BMQACLRPMQACPC@P?GQQSNCPGMPCQN?P?MQRCAGBMQ ?JTMNCPGDPGAMQ AMKMMQ​KžQASJMQ JKBGQQM AGPASGRMQJMA?GQBC
    SK L”TCJ N?P​RGASJ?P B? KCBSJ? CQNGL?J N?P? ? NCPGDCPG? C BC TMJR? N?P? ? KCBSJ? R?K@K NMBCK MNCP?P L?Q ?RGTGB?BCQ
    KMRMP?Q C QCLQGRGT?Q N CV  PC¥CVM ?M A?JMP  PCJ?AGML?B?Q AMK KMTGKCLRMQ PCNCRGRGTMQ JMA?GQ  AMKM AMPPCP ? SK?
    TCJMAGB?BC¤V?
    86DA0 %A4BD<>1oB82>30B38E8B~4B0=0C|<820B3>B8BC4<0=4AE>B>

    86DA0854A4=C4BA4​68~4B3>4=2t50;>2030D<02><5D=s~4BE0A8030B

    '-.18- A:em1?-??;/5-0-?-;?8;.;?0;/f>1.>;

    ">1> D=sr>
    .AAGNGR?J $LRP?B?CNPMACQQ?KCLRMBCGLDMPK?ŽM​TGQS?J
    3CKNMP?J $LRP?B?CNPMACQQ?KCLRMBMQQGL?GQ?SBGRGTMQ JGLES?ECK
    /?PGCR?J $LRP?B?CNPMACQQ?KCLRMBCGLDMPK?CQPCJ?AGML?B?QAMKRMOSC EMQRM A?JMP DPGM BMPC
    NPCQQŽM
    %PMLR?J $LRP?B?CNPMACQQ?KCLRMB??RGTGB?BC​KSQASJ?P BMAMLRPMJCKMRMP B?D?J?CBMNCLQ?KCLRM

    ,4& <
    76+=;;c7--;87:<-
    4K?N?LA?B?L?A?@C?NMBCA?SQ?PB?LMC CKKSGRMQA?QMQ AMLASQQŽM-MQCQNMPRCQ RP?SK?RGQKMAP?LG?LMNCJM
    AMLR?RM  SK? EP?LBC NMQQG@GJGB?BC .Q CDCGRMQ B? AMLASQQŽM L? DSLŽM ACPC@P?J T?PG?K ,CK™PG?  PC¥CVMQ  D?J?
    AMMPBCL?ŽMCCOSGJ”@PGMNMBCKQCP?DCR?BMQ(LRCPCQQ?LRCKCLRC CK@MP?SK?N?LA?B?L?A?@C?CKECP?JGLGAGC?
    AMLASQQŽM LCKRMB?Q?QAMLASQQCQCLTMJTCKNCPB?BCAMLQAG‘L​AG?SKBCQK?GM KSGR?QNCQQM?QR‘KAMLASQQCQC
    LŽMCQRŽMAGCLRCQBGQQM BGAGML?JKCLRC AMLASQQCQPCNCRGB?QBCSKCQNMPRCDMP?K?QQMAG?B?Q?KSGRMQNPM@JCK?Q
    BCQ?ž​BC?JMLEMNP?XM ?JESLQBCJCQD?R?GQ
    .Q QGL?GQ C QGLRMK?Q NMBCK QCP ?RP?Q?BMQ C NMBCK BSP?P FMP?Q  BG?Q  KCQCQ MS K?GQ #MP BC A?@C?  RMLRSP?
    XSK@GBM LMQ MSTGBMQ  TšKGRMQ  LŠS​QC?Q  NPM@JCK?Q BC D?J?  BGQRžP@GMQ BC QMLM C FSKMP C NPM@JCK?Q BC AMELGŽM
    NMBCKQCPQGLRMK?QBCSK?AMLASQQŽM
    Q AMLASQQCQ AML​RG​LS?K QCLBM M NPGLAGN?J KMRGTM BC NPCMASN?ŽM LMQ CQNMPRCQ AMK AMLR?RM C AMJGQCQ
    QM@PCRSBM LM DSRC@MJ ?KCPGA?LM T?LMQ LM COSGN?KCLRM BC DSRC@MJ ?KCPGA?LM  GLAJSGLBM M A?N?ACRC  R‘K
    ?RS?JKCLRC?SKCLR?BM?EP?TGB?BCBMK?GMPAMLR?RMLCQQCQžJRGKMQ?LMQ
    "MKM BGQASRGBM LCQRC A?N”RSJM  M +"2 DMPLCAC M ?KMPRCAGKCLRM OSC NPMRCEC M CLAD?JM B? CVNMQGŽM BGŠ​PG? ?
    CLAMLRPCQCGKN?ARMQ K?QN?LA?B?QTGMJCLR?QL?A?@C?NMBCKD?XCPAMKOSCMCLAD?JM@?R?L?N?PCBCGLRCPL?BM
    AP‹LGMTCP¤ESP?  QAMLASQQCQMAMPPCKAMKK?GQDPCl S‘LAG?CKCQNMPRCQAMKAMLR?RMBGPCRMCCVRCLQMCLRPCMQ
    ?RJCR?Q AMKM@MVC ?PRCQK?PAG?GQ HSBš DSRC@MJ?KCPGA?LMCJSR?JGTPC ?NCQ?PB?QKSB?L?QL?QPCEP?QN?P?NPMRCECP
    MQ?RJCR?Q RJCR?QOSCRCLF?KRGBMSK?AMLASQQŽMQŽMK?GQQSQACR”TCGQ?MSRP?AMLASQQŽM/MBCF?TCPAMKNJGA?CQ
    QC M PCRMPLM ?M CQNMPRC  KSGRM PŠNGBM C MAMPPC SK RP?SK? ?BGAGML?J ,SGRMQ CV?KCQ DMP?K BCQCLTMJTGBMQ N?P?
    CQR?@CJCACPSK?JGLF?BC@?QCAMK?OS?JQCNMQQ?RP?@?JF?PA?B??RJCR?QCSK?AMLASQQŽM?AMLRCAC QAMKNJGA?CQ
    B?Q AMLASQQCQ QŽM AF?K?B?Q BC Q”LBPMKC N™Q AMLASQQŽM C LŽM QŽM @CK BMASKCLR?B?Q C AMKNPCCLBGB?Q Q
    AMLASQQCQ ?SKCLR?K M PGQAM BC BCQCLTMJTGKCLRM BC NPM@JCK?Q KBGAMQ ?LMQ ?N™Q ? JCQŽM  GLAJSGLBM CNGJCNQG? C
    AMK @?QC L? CTGB‘LAG? ?LCB™RGA? CK HME?BMPCQ B? +-%  BCNPCQQŽM  BMCL​?Q BC JXFCGKCP C BC /?PIGLQML
    NPCTCLŽMB?QAMLASQQCQ?JEMOSCLŽMNMBCQCPCLA?P?BMAMKJCTG?LB?BCNCJMQ™PEŽMQEMTCPL?KCLR?GQCAMKGR‘Q
    KBGAMQ

    15@A>--05/5;:-8
    !MBCL!/ 3?AAFCRRG1+ "?LRS1" CR?J"?R?QRPMNFGAFC?BGLHSPGCQGLFGEFQAFMMJ?LBAMJJCECDMMR@?JJNJ?WCPQ K)2NMPRQ
    ,CBZ
    .K?JS!( #C*MQIW23 '?KGJRML1+ CR?J"FPMLGARP?SK?RGACLACNF?JMN?RFWGL?L?RGML?JDMMR@?JJJC?ESCNJ?WCP/?PR((
    -CSPMQSPECPW Z
    .K?JS !(  #C*MQIW 23  ,GLQRCP 1+  CR ?J "FPMLGA RP?SK?RGA CLACNF?JMN?RFW GL ? -?RGML?J %MMR@?JJ +C?ESC NJ?WCP
    -CSPMQSPECPW Z

    !&  -, 


    =6dc76-=:74l/1+)-57<7:)C+7587:<)5-6<7,-57>15-6<7;6)
    ;h6,:75-,-7?6
    Q”LBPMKCBC#MUL MSRPGQQMKG?BM SK??JRCP?ŽMECLRGA?A?SQ?B?NCJ?NPCQCL?BCSKAPMKMQQMKMCVRP?
    LM M APMKMQQMKM FSK?LM $J?  LMKC?B? CK FMKCL?ECK ?M KBGAM @PGR‹LGAM OSC ? BCQAPCTCS CK 
    BMCL​?DMGA?P?ARCPGX?B?AMKMSK?AMK@GL?ŽMBCBGDCPCL?QLMR?K?LFMCL?CQRPSRSP?AMPNMP?GQ BCNCLBCLBMB?
    NCLCRP?ŽM BM M APMKMQQMKM L? A?P?ARCP”QRGA? DCLMR”NGA? CV?KGL?B? #CQQ? K?LCGP?  SK EP?LBC CQNCARPM BC
    BGDCPCL?QNMBCMAMPPCPKCQKMBCLRPMBMEPSNMBCNCQQM?QAMKQ”LBPMKCBC#MUL
    (LRCPCQQ?LRCKCLRC BSP?LRC?LMQNCLQMS QCOSCMQKMTGKCLRMQASGB?BMQMQC?PGEGBCXBCJMAMKMŽMDMQQCKSK
    PCQSJR?BMBCQQ?NCLCRP?ŽMDCLMR”NGA? MSGLRCPDCP‘LAG?AMK?DSLŽMLCSPML?JKMRMP?LMPK?J$K MEPSNMBC
    NCQOSGQ?BC+?R?QFAMLAJSGS
    Y$QRCCQRSBM?NMG??GBCG?BCOSCGL​BG​T”​BSMQAMKQ”LBPMKCBC#MULNMBCKSRGJGX?PN?BPCQBC?RGT?ŽM​KSQASJ?P
    OSC QŽM OS?JGR?RGT?KCLRC GLBGQACPL”TCGQ B?OSCJCQ SRGJGX?BMQ NMP GL​BG​T”​BSMQ LCSPMJMEGA?KCLRC LMPK?GQ "MK
    RPCGL?KCLRM ?NPMNPG?BM  GL​BG​T”​BSMQ AMK Q”LBPMKC BC #MUL ?JA?L?K L”TCGQ QCKCJF?LRCQ BC BCQCKNCLFM KMRMP
    OSCJCQBCQAPGRMQL?JGRCP?RSP?N?P?GL​BG​T”​BSMQLCSPMJMEGA?KCLRCLMPK?GQ^
    !M?N?PRCB?GLG@GŽMBCKMTGKCLRMQCBCTC?MQAMKNMPR?KCLRMQNPMRCRMPCQNCV JGKGR?LBMMEGPMBMQ@P?MQ
    NMPOSC CQQC KMTGKCLRM PCQSJR?T? CK BMP NMP ?ACPR?P CK ?JESK? AMGQ? LMQ KMTGKCLRMQ AMRGBG?LMQ  PCDMP?BMQ
    ASGB?BMQ?KCLRCN?P?CTGR?PB?LMQ GKNMPR‹LAG?BCNP?RGA?PLMTMQCVCPA”AGMQCF?@GJGB?BCQCQNMPRGT?QN?P?PCDMP?P
    ?GBCG?BCOSCNMQQ”TCJQCKMTCPAMKQCESP?L?CKSK?LMT??KNJGRSBCBCKMTGKCLRMQQCKMKCBMBCBMPMS
    JCQŽM LŽM NMBC QCP QS@CQRGK?B? OS?LBM QC RP?@?JF? AMK NCQQM?Q AMK Q”LBPMKC BC #MUL  AMKM TGQRM CK KSGRMQ
    ?RJCR?QL?QN?P?MJGKN”?​B?Q(QQMR?K@KNMBCQCP@?QR?LRCGKNMPR?LRCL?QR?PCD?QBCKMTGKCLRMBGŠ​PGMCKA?Q?CLM
    RP?@?JFM #CQQ? K?LCGP?  M OSC N?PCAG? QCP SK? BCQMPBCK LCSPMJ™EGA? CP?  BC D?RM  SK AMKNMPR?KCLRM NPMRCRMP
    ?NPCLBGBMN?P?NPCTCLGPB?LMQC?QQCESP?P?QM@PCTGT‘LAG?

    15@A>--05/5;:-8
    JKCGB?&+ "MPAMQ#, +?R?QF,+/P?ARGAC?LBRP?LQDCPCDDCARQBSPGLED?QRQGLEJC HMGLRCJ@MUKMTCKCLRQGLGLBGTGBS?JQ
    UGRF#MULQWLBPMKC/FWQ3FCP Z
    +?R?QF ,+  LQML )& 2WLCPEGCQ GL FC?JRF ?LB BGQC?QC 1CJ?RGMLQ RM ?B?NRGTC AF?LECQ GL KMRMP AMMPBGL?RGML /FWQ 3FCP
     Z

     KCBSJ? CQNGL?J R?K@K  M JMA?J B?Q ?CQ PC¥CV?Q 4K? ?ŽM PC¥CV?  SK? PCQNMQR? GLTMJSLRŠPG? ? SK PC¥CVM
    3GNGA?KCLRC SKPC¥CVMCLTMJTC?CQRGKSJ?ŽMBCSKLCSPšLGMQCLQGRGTM OSCJCT?GLDMPK?ŽMN?P??KCBSJ?CQNGL?J-?
    KCBSJ?CQNGL?J CJCQCAMLCAR?AMKSKLCSPšLGMCDCPCLRC OSC NMPQS?TCX A?SQ?SK?PCQNMQR?L?NCPGDCPG?.QPC¥CVMQ
    NMBCKQCPQGKNJCQMSAMKNJCVMQ.PC¥CVMK?GQQGKNJCQMBCCQRGP?KCLRM SKCVCKNJMMPC¥CVMKGMRŠRGAM MSPC¥CVM
    N?RCJ?P  %GESP?  KMQRP? M PC¥CVM AJŠQQGAM BC CQRGP?KCLRM  OS?LBM M JGE?KCLRM B? N?RCJ?  ?RGLEGBM NMP SK? @?RGB?
    KCA‹LGA?BGPCR?.QQCPCQFSK?LMQBCNCLBCKBMQPC¥CVMQ LŽMQ™L?Q?RGTGB?BCQBGŠ mG?Q AMKMR?K@KBSP?LRCCTCLRMQ
    CQNMPRGTMQ  C KCQKM BSP?LRC M QMLM  N?P? PCQNMLBCP ?M ?K@GCLRC QCK NCLQ?P LGQQM /MP CVCKNJM  ?Q AMLQC​OS‘LAG?Q BC
    AMJMA?P?KŽMCKSK?AF?N?OSCLRCNMBCPG?KQCPEP?TCQQC?NCQQM?RGTCQQCBCJCT?PRCKNMN?P?NCPAC@CPMCQR”KSJMC
    NCLQ?PAMLQAGCLRCKCLRCCKSK?PCQNMQR??LRCQBCNSV?P?KŽM
    . PC¥CVM N?RCJ?P  SK NMSAM BGDCPCLRC BMQ MSRPMQ PC¥CVMQ NMPOSC CJC  KCBG?BM NCJM OSC  AF?K?BM BC PC¥CVM
    KMLMQQGLŠNRGAM  C LCLFSK? AMLCVŽM BC GLRCPLCSPšLGMQ CQRŠ CLTMJTGB?  K?GMPG? BMQ PC¥CVMQ RCK SK? AMLCVŽM BC
    GLRCPLCSPšLGM CLRPC MQ QGQRCK?Q ?DCPCLRC C CDCPCLRC N?P? KMBG¤A?ŽM NMRCLAG?J BM PC¥CVM L? KCBSJ? CQNGL?J . PC¥CVM
    N?RCJ?PAMKSKCLRCSRGJGX?BMCK?T?JG?CQAJ”LGA?QCCVGQRCSKQGQRCK?BCAJ?QQG¤A?ŽMB?PCQNMQR?M@RGB?!MVC 
    -MQCQNMPRCQ DPCOSCLRCKCLRC?QPCQNMQR?Q?NPCLBGB?QCMQN?BPCQKMRMPCQCQRŽMLML”TCJBMPC¥CVM NCPKGRGLBMOSC
    NMSAMQ QCLŽMLCLFSK GKNSJQMQLCPTMQMQQSNCPGMPCQGKN?ARCK?QPCQNMQR?QPŠNGB?Q?MQCQR”KSJMQ NPŠRGA?AML​R”​LS?BMQ
    KMTGKCLRMQ LCSPM​KSQASJ?​PCQ RPCGL? MQ PC¥CVMQ N?P? PCQNMLBCPCK ?SRMK?RGA?KCLRC ?MQ CQR”KSJMQ QCLQGRGTMQ 3?GQ
    F?@GJGB?BCQ ?RJRGA?Q  AMKM NCE?P C J?L?P SK? @MJ? BC @CGQC@MJ  PCOSCPCK F?@GJGB?BCQ C PC¥CVMQ GKNPCQQGML?LRCQ $K
    N?PRC BCTGBM ?MQ PC¥CVMQ  MQ HME?BMPCQ F?@GJGBMQMQ K?LR‘K MQ N?BPCQ BC KMTGKCLRMQ AMK CPPMQ BC NMQGŽM @CK
    NCOSCLMQCCPPMQRCKNMP?GQBCKCLMQBCMSKGL
    %GESP?KMQRP?MRGNMBCPC¥CVMOSCNMBCQCP?SKCLR?BMNCJMRPCGL?KCLRMBCCVCPA”AGMQ-CQQCRGNMBCPC¥CVM
    AF?K?BM BC GLCPT?ŽM PCA”NPMA?  SK? ¤@P? LCPTMQ? ?DCPCLRC DMPK? QGL?NQC LŽM Q™ AMK M GLRCPLCSPšLGM D?AGJGR?BMP N?P?
    ?RGT?P M ​KžQASJM NPGKŠPGM OSC NPCAGQ? AMLRP?GP N?P? OSC M KMTGKCLRM MAMPP?  K?Q R?K@K AMK SK GLRCPLCSPšLGM
    GLG@GBMP OSCNPCTGLC?AMLRP?ŽMBM​KžQASJMMNMQGRMP ?LR?EMLGQR? N?P?CTGR?P?NPMBSŽMBCDMP?Q​KSQASJ?​PCQAMLRPŠPG?Q
    $QQC  SK BMQ KSGRMQ RGNMQ BC ?B?NR?CQ LCSP?GQ AMK M RPCGL?KCLRM BC CVCPA”AGMQ "MKM ? KCBSJ? CQNGL?J CQRŠ
    CLTMJTGB? B?LMQNMBCKRCPGKNJGA?CQQPG?QLMAMLRPMJCB?QDSLCQAMPNMP?GQ!MVC 

    '2CE6A6C:7xC:425@D:DE6>2?6CG@D@
     N?PRC NCPGDPGA? BM QGQRCK? LCPTMQM  DMPK?B? NMP LCSPšLGMQ C E‹LEJGMQ 0 ,  EPSNMQ BC AMPNMQ BC AJSJ?Q LCPTMQ?Q 
    $QQCQ LCSPšLGMQ QC CQRCLBCK N?P? DMP? B? N?PRC ACLRP?J BM QGQRCK? LCPTMQM ?R ? NCPGDCPG? N?P? GLRCP?EGP AMK MSRPMQ
    RCAGBMQ  AMKM ​KžQASJMQ  ™PEŽMQ C EJ‹LBSJ?Q  N?PRC NCPGDPGA? BM QGQRCK? LCPTMQM P?KG¤A? QC L?Q BGTGQCQ ?SRšLMK? C
    QMK?RMQQCLQMPG?J
    86DA0G4<?;>B34=4AE>B@D4B04<30<43D;04B?8=0;JL?M?HN;IMH?LPIMKO?CH?LP;G​GšM=OFIM?G
    >C@?L?HN?M​†L?;M>I=ILJI PCMŠI>?=;>;HP?FGIMNL;;P;LC?>;>?;H;N–GC=;KO??RCMN?;IFIHAI>;?RN?HMŠI
    >; G?>OF; ?MJCH;F  r CGJILN;HN? ?HN?H>?L KO? ?RCMN?G  PŒLN?<L;M =?LPC=;CM   &  3&& ?HNL?N;HNI
     ?RCMN?G
     H;
    L?;FC>;>?
      H?LPIM =?LPC=;CM    IM H?LPIM MŠI GIMNL;>IM H?MN; VAOL;  ,<M?LP; M? KO? NI>IM IM H?LPIM

    ?R=?NI 
     M;?G ;=CG; >? MO; PŒLN?<L; =ILL?MJIH>?HN? I H?LPI  M;C ;<;CRI >; PŒLN?<L;  3&&
    &HN?L?MM;HN?G?HN?
    ?GIONL;M​†L?;M>;G?>OF;?MJCH;F
    IMH?LPIMM;?G;<;CRI>;PŒLN?<L;=IGIG?MGIHIG?

    ,8,5^1$76f01/$'15,56(/$0(48151
     BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM AMLRPMJ? ?Q DSLCQ ¤QGMJ™EGA?Q OSC QŽM BC L?RSPCX? GLAMLQAGCLRC $J? 
    PCQNMLQŠTCJNCJ?PCESJ?ŽMBCSK?T?PGCB?BCBCDSLCQ¤QGMJ™EGA?QAMPNMP?GQ GLAJSQGTC?PCESJ?ŽMB?DPC l S‘LAG?A?PB”? *
    A?  B? NPCQQŽM Q?LES”​LC?  B? BGECQRŽM C B? PCQNGP?ŽM ,CQKM OSC ? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM QCH? TGQR?
    LMPK?JKCLRCAMKMMAMLRPMJCGLAMLQAGCLRCB?QDSLCQAMPNMP?GQ NMBCF?TCP?JESKAMLRPMJCAMLQAGCLRCNMQQ”TCJ!MVC
      BGTGQŽM?SRšLMK?BMQGQRCK?LCPTMQMQS@ P?KG¤A?B?CKAMKNMLCLRCQ@ŠQGAMQMQGQRCK?LCPTMQMQGKNŠRGAMCM
    QGQRCK?LCPTMQMN?P?QQGKNŠRGAM%GESP? 

    86DA0  % A4K4G> Cw?82> 34 4BC8A0<4=C> >1C83> ?4;0 ?4A2DBBr> 3> ;860<4=C> 30 ?0C4;0 t D<0 8=C4A0sr>
    4=CA4>B=4DA|=8>BB4=B8C8E>B4>B=4DA|=8>B<>C>A4B4<A4B?>BC0q4BC8<D;0sr>3>;860<4=C>30?0C4;0,
    L?W?RI =;OM; ; =IHNL;‹ŠI >I GšM=OFI KO;>L=?JM ? I L?F;R;G?HNI >; d OM=OF;NOL; >; J;LN? JIMN?LCIL >; =IR;
    D;LL?N?

    )8BC4<0=4AE>B>B8<?oC82>
    .QGQRCK?LCPTMQMQGKNŠRGAMDPCOSCLRCKCLRCAF?K?BMBCQGQRCK?LCPTMQMBCYDSE?MSJSR?^ HŠOSCCJCCQRGKSJ?KSGRMQ
    BMQ QGQRCK?Q ¤QGMJ™EGAMQ PCJ?AGML?BMQ AMK ? QM@PCTGT‘LAG? C M CQRPCQQC $K PCQNMQR? ?M CQR”KSJM BM QGQRCK? LCPTMQM
    QGKNŠRGAM  FŠ ?SKCLRM L? DPC​OS‘LAG? A?PB”?​A? C L? NPCQQŽM Q?LES”​LC?  K?GMP ¥SVM Q?LES”i CM N?P? MQ h žQASJMQ
    CQOSCJRGAMQ JG@CP?ŽMBCEJGAMQCNCJMD”E?BMN?P??AMPPCLRCQ?LES”​LC?C?OSC@P?BCEJGAME‘LGMLM​KžQASJMCQOSCJRGAM
    N?P? DMPLCACP SK? DMLRC PGA? BC CLCPEG? N?P? MQ ​KžQASJMQ CK ?RGTGB?BC 4K? T?PGCB?BC BC QGRS?CQ CVAGR?LRCQ NMBC
    CQRGKSJ?PCQQCQGQRCK?N?P?BGQN?P?P?PCQNMQR?YDSE?MSJSR?^ AMKMA?KGLF?PN?P??OS?BP?ACLRP?JNCJ?Q¤L?GQBM42
    .NCL MS 6GK@JCBML LM R‘LGQ %GESP?   D?XCP ? ?PP?LA?B? ¤L?J L? /,(9;)9,(2 /033 YAMJGL? BM BCQEMQRM^  BSP?LRC ?
    ,?P?RML?BC!MQRMLPC?​JG​X?P??ŽM¤L?JLMJCT?LR?KCLRMBCNCQML?MJ”KN”? _ ?MSJSR?P?¤L?JBMRMPLCGMBM-" 
    /CPGEM  ?KC?​?  CVAGR?ŽM  CVCPA”AGM C SK? E?K? BC CQRPCQQMPCQ BGDCPCLRCQ NMBCK BGQN?P?P SK? PCQNMQR? BP?KŠRGA? BM
    QGQRCK?LCPTMQMQGKNŠRGAMvQM@CQQ?QAMLBGCQOSCCVNCPGKCLR?KMQ?YMLB?BC?BPCL?JGL?^?QQMAG?B??LQGCB?BCC
    CVAGR?ŽM?LRCQBMQCTCLRMQ?RJRGAMQ NCPKGRGLBMOSCMQ?RJCR?QPC?JGXCKCRMJCPCKCQRPCQQCQGLRCLQMQBCCVCPA”AGMQ!MVC
       
    86DA08=4AE0sr>A42w?A>20t4B@D4<0C8H0300@D8:"// 
    %2G;V<L;;@?L?HN?@ILG;MCH;JM?=IGOGCHN?LH?OL–HCICHC<CN•LCI
    KO?M?=IH?=N;;IGINIH?OL–HCI
    %
    >?OG​GšM=OFI;HN;AIHCMN; ?CH>C=;GI​GšM=OFIW?RIL?I?RN?HMIL
    L?MJ?=NCP;G?HN? 0=B;>Œ'-
    #IL>!%
    ;MC=+?OLIFIAS GMN?L>;G"FM?PC?L 

    3?@CJ?JGQR??JESK?QDSLCQR”NGA?QBMQGQRCK?LCPTMQMQGKNŠRGAM

    ,4&
    757e87;;h>-416<-:8:-<):):-;87;<),7<-;<-,-8-:+=;;c7,7
    41/)5-6<7,)8)<-4)6727-407
    PCQNMQR?BMPC¥CVMBCNCPASQQŽMBMJGE?KCLRMB?N?RCJ?SRGJGX?B?LMCV?KCAJ”LGAM@ŠQGAMBMAMPNM.PC¥CVMBC
    NCPASQQŽMBMJGE?KCLRMB?N?RCJ?SKPC¥CVMRCLB”LCMNPMDSLBM$JCDMGAJ?QQG¤A?BMAJGLGA?KCLRCN?P?OSCSK?
    NMLRS?ŽMDMQQCM@RGB?NMPKCGMB?PCQNMQR? B?QCESGLRCK?LCGP?

    XCPM?SQCLRC
     FGNM?RGTM
     YLMPK?J^
     FGNCP?RGTMQCKCQN?QKMAFSRCQCVRP?Q
     FGNCP?RGTMAMKCQN?QKMLŽMQSQRCLR?BM?NCL?QMSAFSRCQCVRP?Q
     FGNCP?RGTMAMKCQN?QKMQSQRCLR?BMAFSRCQAMLR”LSMQ
    1CQNMQR?QAMLQGQRCLRCQL?D?GV?BCQŽMTGR?GQN?P?M:;(;<:LCSPMJ™EGAMLMPK?J$LRPCR?LRM MPC¥CVMB?@?RGB?LM
    HMCJFMLMPK?JNMBCT?PG?PBCFGNM?RGTM ?TGEMPMQM 
    2C ? PCQNMQR?  BGDCPCLRC CK A?B? KCK@PM  GQQM  AF?K?BM BC PC¥CVM ?QQGKRPGAM SQ‘LAG? BC PC¥CVM BC
    NCPASQQŽMBMJGE?KCLRMB?N?RCJ?NMBCMAMPPCPCKP?XŽMBCSK??LMPK?JGB?BCLM?PAMPC¥CVMLCACQQŠPGMN?P?OSCM
    PC¥CVM ?AMLRC? $K N?AGCLRCQ AMK BCPP?KC C N?P?JGQG?  M PC¥CVM BC NCPASQQŽM BM JGE?KCLRM B? N?RCJ? NMBC QCP
    GLGAG?JKCLRC?SQCLRC FGNM?RGTMC CLRŽM QCPCASNC​P?PCQCRMPL?PFGNCP?RGTMBCLRPMBCMSBG?Q"JGLGA?KCLRC M
    PC¥CVM BC NCPASQQŽM BM JGE?KCLRM B? N?RCJ? R?K@K  AF?K?BM BC PC¥CVM N?RCJ?P $JC R?K@K  BCLMKGL?BM
    PC¥CVMBCCQRGP?KCLRMBMHMCJFM PC¥CVMKGMRŠRGAMCPC¥CVMBCOS?BP”ACNQ

    ,4& <
    -;c7,-5-,=4)-;816)4
    ,?GQBCKGJLMPRC ?KCPGA?LMQCVNCPGKCLR?KB?LMQKCBSJ?CQNGL?J?A?B??LMBCTGBM??AGBCLRCQ?SRMKMRGTMQ
      TGMJ‘LAG?   MS ?AGBCLRCQ AMK OSCB?Q   $QNMPRCQ R?K@K NMBCK A?SQ?P JCQCQ  KCBSJ? CQNGL?J
     $QQCRGNMBCJCQŽMNMBCRCPCDCGRMQBCT?QR?BMPCQL?QDSLCQAMPNMP?GQ GLAJSGLBMMAMLRPMJCB?​KSQASJ?RSP?
    CQOSCJRGA?
    -? ¤ESP? OSC QCESC   NMQQ”TCJ TCP D?AGJKCLRC OSC ? JCQŽM  KCBSJ? CQNGL?J CK SK ?AGBCLRC MS CQNMPRC NMBC
    PCQSJR?PCKTŠPGMQL”TCGQBCN?P?JGQG? BCNCLBCLBMBMJMA?JB?JCQŽMMSBMB?LM$J?LMR?B?AMKMMQLžKCPMQCK
    A?B?SK?B?QTPRC@P?QNCV "(?"5((MS3(?37(( 
    JCQŽMBCKCBSJ?CQNGL?JNPMBSXGB?OS?LBMSK?AGBCLRCDP?RSP?MSBCQJMA??QTPRC@P?Q3?K@KNMBCMAMPPCP
    OS?LBM?KCBSJ?CQNGL?JAMKNPGKGB?MSOS?LBM?QTPRC@P?QBCQJGX?KMSCQAMPPCE?KN?P?DMP?BM?JGLF?KCLRM
    AF?K?BMBCQS@JSV?ŽM 2CMQSNPGKCLRMBCQ?LESCN?P??KCBSJ?CQNGL?JGLRCPPMKNGBM R?K@K?AMLRCACJCQŽM
    EP?TGB?BCB?JCQŽMCOS?LRMB?KCBSJ?DMGB?LG¤A?BMBGR?KMOS?LRMB?NCPB?BCDSLŽM?AMLRCACPŠ K?GMPG?
    B?QJCQCQLŽMQCAAGML??KCBSJ?CQNGL?J K?QNCB?MQDP?RSP?BMQBCTPRC@P?QJCQ?KCB?LG¤A?KMRCAGBMLCPTMQM M
    OSCBGKGLSGMSCJGKGL?MQGKNSJQMQLCPTMQMQOSCN?QQ?KNCJ?KCBSJ?CQNGL?J N?P?JGQG?MAMPPCRGNGA?KCLRC?@?GVM
    BM L”TCJ B? JCQŽM JESK?Q JCQCQ BC KCBSJ? CQNGL?J NCPKGRCK KMTGKCLRMQ C QCLQ?CQ N?PAG?GQ BCNCLBCLBM B?
    EP?TGB?BC0S?LRMK?GQ?JR??JCQŽMKCBSJ?CQNGL?J K?GQEP?TCQCGLRCLQMQQCPŽMMQQGLRMK?Q
    4K?JCQŽMGLAMKNJCR?L?​ŠPC?RMPŠAGA?B?CQNGLF?PCQSJR?CKN?P?JGQG?B?QNCPL?Q CAF?K?B?BCN?P?NJCEG?4K?
    JCQŽMAMKNJCR?CK"(5C"5(("ACPTGA?J OSCPCQSJR?CKDP?OSCX?BMQ@P?MQCNCPB?B?DSLŽMB?QNCPL?Q 
    AF?K?B?BCOS?BPGNJCEG?+CQŽMCLRPC"(C"(((PCQSJR?CK?SQ‘LAG?BCKMTGKCLRMQLMQ@P?MQCL?QNCPL?QCMGL​
    BG​T”​BSMLCACQQGR?PŠBCSK?N?PCJFMPCQNGP?R™PGM
    .SRPMRGNMBCJCQŽMBCKCBSJ?CQNGL?JMAMPRCCKSKLCPTMNCPGDPGAM AMKMMQLCPTMQKMRMPCQOSCQ?CKB?
    AMJSL?TCPRC@P?JN?P?GLCPT?PMQ​KžQASJMQ2CSKLCPTMNCPGDPGAMAMPR?BM DPCOSCLRCKCLRCCJCNMBCQCPPCJGE?BMC
    APCQACPŠBCLMTMMSPCECLCP?PŠN?P??PCASNC​P?ŽMB?QDSLCQBCKMTGKCLRMCQCLQ?CQ
     PCASNC​P?ŽM BCQQC RGNM BC JCQŽM CLTMJTC RCP?NG? D”QGA? C MASN?AGML?J N?P? JGKGR?P B?LMQ ?BGAGML?GQ $K@MP?
    DMPR?JCACP?​KSQASJ?RSP??RGT?CCLQGL?PMQN?AGCLRCQ?ASGB?PCKBCQGKCQKMQQCH?K?QNCARMQGKNMPR?LRCQB?PCASNC​
    P?ŽM ?AMLQCJF?KCLRMCEPSNMQBC?NMGMR?K@KQŽMTGR?GQN?P??HSBŠ JMQ?JGB?PAMKMQCDCGRMQBCQS?QJCQCQ
    -ŽM CVGQRC ASP? N?P? ?Q JCQCQ BC KCBSJ? CQNGL?J C ? NPCTCLŽM  ? AF?TC N?P? CJGKGLŠ J?Q -M CQNMPRC  GQQM
    QGELG¤A?SRGJGX?PRALGA?Q?BCOS?B?QCNPŠRGA?QQCESP?Q @CKAMKMRPCGL?PCAMKNCRGPCKTG?QJGTPCQBCM@QRŠASJMQC
    @?PPCGP?Q
    15@A>--05/5;:-8
    &MPECW 2 #SBJCW& 2ICJCR?JKSQAJC?RPMNFW?LBGLAPC?QCBGLRP?KSQASJ?PD?R?DRCPGLAMKNJCRCQNGL?JAMPBGLHSPW2NGL?J
    "MPB Z
    .JGTC)+ #SBJCW& ,A"SJJW**5?QASJ?PPCKMBCJGLE?DRCPQNGL?JAMPBGLHSPW,CB2AG2NMPRQ$VCPA Z
    2F?F /*  2RCTCLQ )$  &PCEMPW ",  CR ?J +MUCP CVRPCKGRW KSQAJC APMQQ QCARGML?J ?PC? ?DRCP GLAMKNJCRC QNGL?J AMPB GLHSPW
    PAF/FWQ,CB1CF?@GJ Z
    2J?BC), !GAICJ"2 ,MBJCQIW", CR?J3P?@CASJ?P@MLCGQKMPCBCRCPGMP?RCBGLQNGL?JAMPBGLHSPCBTCPQSQCQRPMECL DPCC
    NMQRKCLMN?SQ?JUMKCL.QRCMNMPMQ(LR Z
    2RMLCP+ 2?@?RGCP,) ,?FMLCW$3 CR?J$JCARPGA?JQRGKSJ?RGML CTMICBPCQGQR?LACCVCPAGQCRFCP?NWGKNPMTCQ?PRCPG?JFC?JRF
    ?DRCPAFPMLGAQNGL?JAMPBGLHSPW2NGL?J"MPB Z

    ,4&  <
    -,1<)dc7-17/)
    NCQ?PB??QQMAG?ŽMAMKSKCLRPCBGTGQŽM?SRšLMK?BMQGQRCK?LCPTMQMCDSLCQGLTMJSLRŠPG?Q ACPR?OS?LRGB?BC
    BC AMLRPMJC AMLQAGCLRC QM@PC CQQC QGQRCK? N?PCAC QCP NMQQ”TCJ  AMKM BCKMLQRP?BM NCJ? NPŠRGA? BC GME? C BC XCL
    @SBGQKM $QRSBMQ KMQRP?P?K OSC NCQQM?Q QŽM A?N?XCQ BC ?JRCP?P ? DPC​OS‘LAG? A?PB”?​A?  ? MVGECL?ŽM C ? NPCQQŽM
    Q?LES”​LC?QC?QR?V?QBCPCQNGP?ŽM?@?GVMBMQL”TCGQ@?Q?GQBCDSLŽM JKBGQQM ?NPŠRGA?BCGME?KMQRPMSPCBSXGP
    MCQRPCQQCC??LQGCB?BC @?QCDSLB?KCLR?JB?GME??SKCLR?PLMQQ??RCLŽMCNCPACNŽMBMAMPNM/CQOSGQ?QAMK
    M SQM BCQQ?Q RALGA?Q N?P? M @CLCD”AGM B? Q?ž​BC CQRŽM QCLBM PC?​JG​X?B?Q CK SK? T?PGCB?BC BC ?@MPB?ECLQ BC
    YKCBGAGL? ?JRCPL?RGT?^  TMJR?B?Q N?P? ? FGNCPRCLQŽM C ?R N?P? ? PCBSŽM BC BGQRžP@GMQ BC ?LQGCB?BC $K CQNMPRCQ
    KSGRMQ?RJCR?QSRGJGX?K?GME?N?P??HSB?PL?PCASNC​P?ŽMCL??LQGCB?BCBMCQRPCQQCB?AMKNCRGŽM

    15@A>--05/5;:-8
    !CPL?PBG+ /?QQGLM" 2N?B?AGLG& CR?J1CBSACBFWNMVGATCLRGJ?RMPWPCQNMLQCUGRFNPCQCPTCB@JMMBMVWECL?RGMLGLWME?
    RP?GLCCQ ?LB 'GK?J?W?L !SBBFGQR KMLIQ ?R ?JRGRSBC $TGBCLAC MD ? BGDDCPCLR ?B?NRGTC QRP?RCEW $SP ) NNJ /FWQGMJ
     Z
    #MLMFSC !  ,GJJCP  !CGQCAICP ,  CR ?J $DDCARQ MD @PGCD WME? CVCPAGQCQ ?LB KMRGT?RGML?J NPCN?P?RMPW GLRCPTCLRGMLQ GL
    BGQR?LACPSLLCPQ1CQSJRQMD?AMLRPMJJCBRPG?J!P)2NMPRQ,CB Z
    $PLQR$"MKNJCKCLR?PWMP?JRCPL?RGTCRFCP?NGCQDMPMQRCM?PRFPGRGQ-?R"JGL/P?AR1FCSK?RMJ Z
    3CJJCQ 2  )MQFG ,  #?QF ,  CR ?J L CT?JS?RGML MD RFC ?@GJGRW RM TMJSLR?PGJW PCBSAC RFC FC?PR P?RC ?DRCP ? KMLRF MD WME?
    NP?ARGAC(LRCEP/FWQGMJ!CF?T2AG Z

    )8BC4<0=4AE>B>?0A0BB8<?oC82>
    $K AMLRP?QRC AMK M AMKNMLCLRC QGKNŠRGAM B? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM  M AMKNMLCLRC N?P?QQGKNŠRGAM 
    PCQNMLQŠTCJNCJMCQR?BMFMKCMQRŠRGAMAMLQR?LRCMSCKPCNMSQMBMAMPNM$JCR?K@KAF?K?BMBCQGQRCK?BCYPCNMSQM
    C BGECQRŽM^ (LRCPCQQ?LRCKCLRC  ? K?GMPG? BMQ RCAGBMQ ?JTM B? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM PCAC@C GLDMPK?CQ
    R?LRM BM QGQRCK? LCPTMQM QGKNŠRGAM OS?LRM BM N?P?QQGKNŠRGAM /MP CVCKNJM  LCPTMQ QGKNŠRGAMQ ?SKCLR?K ? DPC​OS‘LAG?
    A?PB”?​A? CLOS?LRMMQLCPTMQN?P?QQGKNŠRGAMQ?ECKN?P?BCQ?ACJCPŠ J? L?RSPCX?B?QGRS?ŽMCKOSC?NCQQM?CQRŠ0, QC
    CJ?  CQRPCQQ?LRC MS LŽM  BCRCPKGL? OS?J AMKNMLCLRC B? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM BMKGL?PŠ L?OSCJC
    KMKCLRM
    . QGQRCK? LCPTMQM N?P?QQGKNŠRGAM RCK ACPA? BC  BC QS?Q ¤@P?Q LM LCPTM T?EM GLBM N?P? ?Q PC bGCQ RMPŠAGA? C
    ?@BMKGL?JBMAMPNM CQRGKSJ?ŽMN?P?QQGKNŠRGA??HSB?MAMPNM?K?LRCP MSPCQR?SP?P ?QDSLCQBCPCNMSQMLMPK?GQ
    BCNMGQ OSC ? CQRGKSJ?ŽM QGKNŠRGA? RCLF? MAMPPGBM 3?@CJ?   . N?NCJ NPGKŠPGM BM QGQRCK? LCPTMQM N?P?QQGKNŠRGAM 
    ?HSB?PMAMPNM?YPCNMSQ?PCBGECPGP^ HŠOSCCJCNPMKMTC?QDSLCQLMPK?GQBMRP?RMBGECQR™PGMCB?QQCAPCCQ GLAJSGLBM
    ?KGAŽMC?BCDCA?ŽM$QNCAG¤A?KCLRC CJCCQRGKSJ??QQCESGLRCQDSLCQ¤QGMJ™EGA?Q

    1CBSŽMB?NPCQQŽMQ?LES”​LC?
    #GKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?
    "MLQRPGŽMB?QNSNGJ?Q
    SKCLRMBM¥SVMQ?LES” i CMN?P??NCJCC?QT”QACP?Q
    /CPGQR?JRGQKMBMRP?RME?QRPGLRCQRGL?J
    $QRGKSJ?ŽMB?QCAPCŽMQ?JGT?P
    ,?LSRCLŽMB?DSLŽMLMPK?JB?@CVGE?

    . QGQRCK? LCPTMQM N?P?QQGKNŠRGAM  CQQCLAG?J BSP?LRC M NCP”M​BM BC PCASNC​P?ŽM ?N™Q M CQRPCQQC BC CVCPA”AGM
    A?N?AGB?BC BM QGQRCK? LCPTMQM N?P?QQGKNŠRGAM BC PCQNMLBCP KMBG¤A?LBM ?Q PCQNMQR?Q BM QGQRCK? LCPTMQM QGKNŠRGAM
    BSP?LRC M CVCPA”AGM C LM NCP”M​BM BC PCASNC​P?ŽM  SK? A?P?ARCP”QRGA? RPCGLŠTCJ BM QGQRCK? LCPTMQM N CV  JCT?P
    P?NGB?KCLRC?NPCQQŽMQ?LES”​LC?C?DPC​OS‘LAG?A?PB”?​A?BCTMJR?N?P?MQL”TCGQLMPK?GQBCPCNMSQM $QQ?A?N?AGB?BC
    CQQCLAG?JN?P??Q?ž​BCC?@M?DMPK?™RGK?Q CQNCAG¤A?KCLRCAMKMCLTCJFCAGKCLRM

    ,56(/$0(4815151/$6155(0514,$.
    JK B? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM  ? N?PRC NCPGDPGA? BM QGQRCK? LCPTMQM  AMKNMQR? NCJ? 49F9Cj?
    C?=1D?CC5>C?B91< 4? C9CD5=1 >5BF?C?  GLRCP?ŽM CLRPC MQ BGDCPCLRCQ AMKNMLCLRCQ B? BGTGQŽM QMK?RMQQCLQMPG?J
    NMQQG@GJGR? ?CQ C PCQNMQR?Q AMMPBCL?B?Q ?M ?K@GCLRC CVRCPLM  QCH?K MQ ?HSQRCQ BC žJRGKM KGLSRM BM J?L?KCLRM LM
    DSRC@MJBCTGBM?SK?P?H?B?BCTCLRM!MVC MSSK?PCQNMQR??MA?JMPGLRCLQMBMKCGM AMKM@C@CPŠES?MSQCA?PM
    QSMPBMAMPNM
    86DA0%BB8BC4<0B=4AE>B>BB8<?oC82>4?0A0BB8<?oC82>8=C4A064<2><<D8C>BC4283>B0;E>3854A4=C4B4
    054C0< C8?>B 3854A4=C4B 34 5D=s~4B JB8>;{6820B 2G A‡HAFCI Œ OG; G;MM; >? N?=C>I H?LPIMI KO? @ILG; OG
    =?HNLIH?LPIMIM?=OH>†LCI
    IKO;FL?=?<???HPC;V<L;MH?LPIM;M

    86DA0?R=CN;‹ŠI>?DIA;LH;KO;>L;=?HNL;F?GOGAL;H>?NILH?CIGOH>C;F>?NHCMJLIPI=;L†OG;A;G;>?
    ?MNGOFIMMCGJ†NC=IMKO?GOCN;MP?T?M>?P?GM?L=IHNLIF;>IMJ;L;I>?M?GJ?HBI•NCGI

    BGTGQŽMQCLQGRGT? KSGR?QTCXCQAF?K?B?BCBGTGQŽM?DCPCLRC AMLRKLCSPšLGMQOSCPCAC@CKQGL?GQBMQRCLBCQ B?Q?P​


    RGASJ?CQ  B? NCJC  BMQ ​KžQASJMQ CQOSCJRGAMQ  BMQ MJFMQ  BM L?PGX  B?Q MPCJF?Q  B? J”LES? C BC KSGRMQ MSRPMQ RCAGBMQ C
    ™PEŽMQ  BGTGQŽM KMRMP?  R?K@K AF?K?B? BC BGTGQŽM CDCPCLRC  AMLRK TG?Q OSC TŽM BM RPMLAM CLACDŠJGAM C B? KCBSJ?
    CQNGL?JN?P?MQLCSPšLGMQKMRMPCQGLDCPGMPCQLMQLCPTMQAP?LG?LMQCCQNGL?GQ0S?LBMCQQCQLCPTMQQŽMCQRGKSJ?BMQ CJCQ
    A?SQ?K?AMLRP?ŽMBMQ​KžQASJMQCQOSCJRGAMQCMQKMTGKCLRMQBMQKCK@PMQ GLRCP?ŽMCLRPCMQLCSPšLGMQQCLQGRGTMQC
    KMRMPCQCQRŠCQOSCK?RGX?B?L?%GESP?

    ! 

    %D:DE6>2?6CG@D@6DEs5:G:5:5@6> A2CE6DAC:?4:A2:D A2CE646?EC2=6 A2CE6A6C:7xC:42


    A2CE646?EC2=5@D:DE6>2?6CG@D@x7@C>252A6=@6?4x72=@6A6=2>65F=26DA:?2=
    A2CE6A6C:7xC:425@D:DE6>2?6CG@D@x7@C>252A@C8t?8=:@D6?6FC€?:@DBF6D66DE6?56>A2C27@C252A2CE646?EC2=5@D:DE6>2
    ?6CG@D@A2C22A6C:76C:2:?E6C28:?5@4@>@FEC@DE64:5@D4@>@​>ƒD4F=@DC8v@D68=t?5F=2D
    A2CE6A6C:7xC:425@D:DE6>2?6CG@D@xDF3C2>:L42526>5:G:D‚6D2FE€?@>26D@>2E@DD6?D@C:2=
     5:G:Dv@ 2FE€?@>2 5@ D:DE6>2 ?6CG@D@ 4@?EC@=2 2D 7F?w‚6D LD:@=8:42D BF6 Dv@ 56 ?2EFC6J2 :?4@?D4:6?E6 7C6_Fy?4:2 42C5{2Q2
    AC6DDv@D2?8F{​?625:86DEv@6C6DA:C2wv@
     5:G:Dv@ 2FE€?@>2 5@ D:DE6>2 ?6CG@D@ x DF35:G:5:52 6>  4@>A@?6?E6D 3sD:4@D D:DE6>2 ?6CG@D@ D:>AsE:4@ 6 D:DE6>2 ?6CG@D@
    A2C2DD:>AsE:4@
    %D:DE6>2?6CG@D@D:>AsE:4@6DEs2E:G@5FC2?E66DEC6DD6DLD:@=8:4@D@FAD:4@=8:4@D
    % D:DE6>2 ?6CG@D@ A2C2DD:>AsE:4@ 2;F52 @ 4@CA@ 2 >2?E6C @F C6DE2FC2C 2D 7F?w‚6D ?@C>2:D 56 C6A@FD@ 2AD E6C @4@CC:5@ 2
    6DE:>F=2wv@D:>AsE:42
     5:G:Dv@ D@>2E@DD6?D@C:2= 5@ D:DE6>2 ?6CG@D@ x 2 A@Cwv@ 52 A2CE6 A6C:7xC:42 5@ D:DE6>2 ?6CG@D@ BF6 7@C?646 :?7@C>2wv@
    C6=24:@?2524@>@2>3:6?E66IE6C?@AC6DDv@?2A6=6E6>A6C2EFC26A6C>:E6BF6@4@CA@C6DA@?522>F52?w2D?@2>3:6?E6
    *@522?@DD2A6C46Awv@4@?D4:6?E65@2>3:6?E66IE6C?@6E@522?@DD22E:G:5256>@E@C2A2C2C6DA@?56C26=6@A6C2>A@C>6:@52
    5:G:Dv@D@>2E@DD6?D@C:2=52A2CE6A6C:7xC:425@D:DE6>2?6CG@D@
    !&   -, 
    -+-8<7:-;6)8-4--,-;-58-607,-4=<)
    -MAMPNM RCKMQPCACNRMPCQBCBMPCBCRCKNCP?RSP? PCACNRMPCQOS”​KGAMQCZGKNMPR?LRCN?P?KSGRMQCQNMPRCQZ
    KCA?LMPPCACNRMPCQ4KCQR”KSJMBGQRMPACQS?QCQRPSRSP?QBCKCK@P?L?CMQQGL?GQQŽMCLTG?BMQN?P??N?PRCACLRP?J
    BM QGQRCK? LCPTMQM .Q  KCA?LMPPCACNRMPCQ @ŠQGAMQ QŽM MQ RŠRCGQ  MQ @?PMPPCACNRMPCQ C MQ NPMNPGMACNRMPCQ .Q 
    BGDCPCLRCQPCACNRMPCQRŠRCGQB?NCJCQŽMQCLQ”TCGQ?MRMOSC NPCQQŽMCTG@P?ŽM
    -MQCQNMPRCQ DPCOSCLRCKCLRCMQPCACNRMPCQB?NCJCNMBCKBCQCKNCLF?PSKN?NCJLMQPC¥CVMQ?NPCLBGBMQN?P?M
    KMTGKCLRM LCACQQŠPGM ?M QSACQQM BM BCQCKNCLFM $LRPCR?LRM  MQ PCACNRMPCQ BC RMOSC ¤LM C BM QCLRGBM BC R?RM
    NMBCK LŽM BCQCKNCLF?P SK N?NCJ RŽM EP?LBC OS?LRM M BMQ AMP​NžQASJMQ BC /?AAGLG  OSC QŽM PCACNRMPCQ EP?LBCQ
    QCLQ”TCGQNPCQQŽMNPMDSLB?C?TG@P?CQBCNSJQ?ŽMMSBC?JR?DPC​OS‘LAG?#CGKNMPR‹LAG?QGKGJ?P MQAMP​NžQASJMQ
    BC1SD¤LG OSCCQRŽMJMA?JGX?BMQL?BCPKCB?NCJC QŽMQCLQ”TCGQ?NPCQQCQCBGQRMPCQJCTCQL?NCJC
    -?JSR?JGTPC KMTGKCLRMQCPCQNMQR?QNPCQQŽMQŽMTGR?GQN?P?MQSACQQM2CSKMNMLCLRC?E?PP?SKRMPLMXCJML?
    RCLR?RGT? BC JCT?LRŠ JM C BCPPS@Š JM LM AFŽM  M MSRPM RCK BC PCQNMLBCP P?NGB?KCLRC ?M RMOSC GLQRGLRGT?KCLRC
    ?JA?L?LBM C PCRGP?LBM ? KŽM BM MNMLCLRC BM RMPLMXCJM CK SK? OSCQRŽM BC KGJGQQCESLBMQ  MS M MNMLCLRC RCPŠ
    T?LR?ECK%MGBGRMOSCJSR?BMPCQBCCJGRCCKL”TCJMJ”KNGAMLŽMQŽMQCN?P?BMQNMPDMP?MSNMR‘LAG? K?QQGKNCJ?
    P?NGBCXBCKMTGKCLRMCNMPPC?CQMSPC¥CVMQ?NPMNPG?BMQRPCGL?BMQ?MRMOSCCNPCQQŽMBCSKMNMLCLRC
    JESLQRPCGL?BMPCQBCJSR?SRGJGX?KTCLB?QBSP?LRCMQRPCGLMQN?P?PCRGP?PMQCLRGBMB?TGQŽMCDMP?PMJSR?BMP?
    AMLR?P K?GQ AMK M RMOSC C ? NPCQQŽM CK QCSQ AMPNMQ ? ¤K BC ESGŠ*JMQ L? PCQNMQR? ?NPMNPG?B? AMK SK
    AMLRP?KMTGKCLRM N?P? ? ?ŽM MDCLQGT? BM MNMLCLRC JESLQ RPCGL?BMPCQ AF?K?K CQQ? RALGA? BC YRPCGL?KCLRM BC
    RMOSCCPCQNMQR?^2CLQ?CQLCSP?GQBCRMOSCCBCNPCQQŽMBCQCKNCLF?KN?NG​QTGR?GQLCQQCRPCGL?KCLRM@ŠQGAMBC
    RALGA?BCJSR?

    '-.18-  A:em1?@h<5/-?0;??5?@19-?:1>B;?;??59<b@5/;1<->-??59<b@5/;

    hA6r>0;E> BC8<D;0sr>B8<?oC820 BC8<D;0sr>?0A0BB8<?oC820


    zPGQ​KžQASJM​MASJ?P #GJ?R?ŽMB?NSNGJ? "MLQRPGŽMB?NSNGJ?
    &J‹LBSJ?QQ?JGT?PCQ /PMBSŽMBCQ?JGT?BGKGLS”​B? /PMBSŽMBCQ?JGT??SKCLR?B?
    3žLGA?KSAMQ? /PMBSŽMBCKSAMPCBSXGB? /PMBSŽMBCKSAM?SKCLR?B?
    MP?JL?Q?J
    "MP?ŽM %PC​OS‘LAG?A?PB”?​A?CDMP?BCAMLRP?ŽM %PC​OS‘LAG?A?PB”?​A?CDMP?BCAMLRP?ŽM
    ?SKCLR?B?Q BGKGLS”​B?Q
    /SJKŽM ,žQASJMQ@PšLOSGAMQPCJ?V?BMQ ,žQASJMQ@PšLOSGAMQAMLRP?”​BMQ
    $QRšK?EM /CPGQR?JRGQKMPCBSXGBM 2CAPCŽMBCQSAMEŠQRPGAMKMRGJGB?BC
    ?SKCLR?B?
    (LRCQRGLMBCJE?BM ,MRGJGB?BCPCBSXGB? #GECQRŽM?SKCLR?B?
    (LRCQRGLMEPMQQM ,MRGJGB?BCPCBSXGB? 2CAPCCQCKMRGJGB?BC?SKCLR?B?Q
    %”E?BM "MLTCPQŽMBCEJGAME‘LGMCKEJGAMQC?SKCLR?B? (L¥SCLAG?MPCJ?V?KCLRMBMQCQD”LARCPCQBC
    KžQASJMJGQMBMQT?QMQQ?LES”​LCMQ
    1GK 2CAPCŽMBCSPGL?BGKGLS”​B? 2CAPCŽMBCSPGL??SKCLR?B?
    ,CBSJ?B?EJ‹LBSJ? 2CAPCŽM?SKCLR?B?BCLMP?BPCL?JGL?C 2CKCDCGRMQ
    QSNP?PPCL?J ?BPCL?JGL?
    !CVGE?SPGLŠPG? /?PCBCPCJ?V?B?CQD”LARCPDCAF?BM /?PCBCAMLRP?”​B?CQD”LARCPPCJ?V?BM

    ,4& 
    ;1;<-5)6-:>7;787,-t+):.)<1/),7
     D?BGE? NMBC MAMPPCP CK TŠPG?Q JMA?JGB?BCQ C RCP TŠPG?Q A?SQ?Q TCP ¤ESP?  BGAGML?JKCLRC  ?Q A?SQ?Q B? D?BGE?
    NMBCKBGDCPGPBCNCLBCLBMQC??RGTGB?BCBCL?RSPCX?BC?JR?GLRCLQGB?BCCASPR?BSP?ŽMMSBC@?GV?GLRCLQGB?BCC
    BCJMLE?BSP?ŽM 61497135>DB1<QCPCDCPC?SK?BGKGLSGŽML?NPMBSŽMBCDMP?BCTGBM?SK?GLA?N?AGB?BCBC
    ? N?PRC ACLRP?J BM QGQRCK? LCPTMQM CQRGKSJ?P MQ LCSPšLGMQ KMRMPCQ OSC ?RGT?K M RCAGBM ​KSQASJ?P (QQM PCQSJR? CK
    BGKGLSGŽM L? A?N?AGB?BC BC ?RGT?P ¤@P?Q h SQASJ?mCQ C PCQSJR? ?QQGK CK NCPB? B? NPMBSŽM BC DMP?  614971
    @5B96lB931 QC PCDCPC  D?BGE? BCAMPPCLRC BC SK D?RMP JMA?JGX?BM BCLRPM BM NP™NPGM ​KžQASJM  AMKM ? D?JR? BC 3/
    QS¤AGCLRC C ?AGBMQC ?SKCLR?B?  C GLAJSG ? GLA?N?AGB?BC BC RP?LQKGQQŽM BC GKNSJQM N?P? ?RGT?ŽM h SQASJ?P NCJM
    LCSPšLGMKMRMPN?P??¤@P?h SQASJ?P)-, 
    D?BGE?ACLRP?JMAMPPCBSP?LRC?RGTGB?BCQBC?JR?GLRCLQGB?BCCBSP?ŽMASPR? OSCAMLR?KAMKCLCPEG??L?CP™@G?
    MS BSP?LRC ?RGTGB?BCQ BC @?GV? GLRCLQGB?BC C JMLE? BSP?ŽM  OSC AMLR?K NPCBMKGL?LRC AMK CLCPEG? ?CP™@G?
    $VNCPGKCLRMQ KMQRP?P?K PCQSJR?BMQ AMLRP?BGR™PGMQ CK PCJ?ŽM  D?BGE? ACLRP?J 4K CQRSBM KMQRPMS OSC  ?N™Q ?
    D?BGE? ?CQRGKSJ?ŽMCJRPGA?LŽMAMLQCESGSPCQR?SP?PMBCQCLTMJTGKCLRMKŠVGKMBCDMP?(QQMGLBGAMSOSCMQ”RGM
    B? D?BGE? CQR?T? L? NCPGDCPG? MS LM NP™NPGM ​KžQASJM  C LŽM CK SK? GLA?N?AGB?BC BM QGQRCK? LCPTMQM ACLRP?J
    CQRGKSJ?P M ​KžQASJM .SRPM CQRSBM GLBGAMS M MNMQRM ? CQRGKSJ?ŽM CJRPGA? BM ​KžQASJM D?RGE?BM PCQSJRMS CK
    ?SKCLRMBMBCQCLTMJTGKCLRMBCDMP? GLBGA?LBMOSC?D?BGE?ACLRP?JJGKGRMS?NPMBSŽMBCDMP?BM​KžQASJM
    .QCQRSBMQ?LRCPGMPCQSRGJGX?P?KT?PG?CQBMOSCAF?K?BMBCRALGA?BCGLRCPNMJ?ŽMBCAMLRP?ŽM RALGA?
    BC GLRCPNMJ?ŽM BC AMLRP?ŽM CLTMJTC AMKN?P?P ? DMP? ​KSQASJ?P KŠVGK? TMJSLRŠPG?  DMP? KŠVGK? BCQCLTMJTGB?
    NCJ? CQRGKSJ?ŽM CJRPGA? BM ​KžQASJM 2C M ​KžQASJM D?RGE?BM BCQCLTMJTCP K?GMP DMP? KŠVGK? AMK ? CQRGKSJ?ŽM
    CJRPGA? OS?LBM AMKN?P?B?  DMP? KŠVGK? TMJSLRŠPG?   GLBGA?B? ? D?BGE? ACLRP?J 2C M MNMQRM  TCPB?BC  LŽM 
    GLBGA?B? D?BGE? ACLRP?J 2C ? D?BGE? ACLRP?J MAMPPC MS LŽM GQQM NMBC BCNCLBCP BM RGNM BC ?RGTGB?BC ​KSQASJ?P
    4RGJGX?LBM ? RALGA? BC GLRCPNMJ?ŽM BC AMLRP?ŽM  ?CQ ​KSQASJ?​PCQ BC CLASPR?KCLRM AMLA‘LRPGA?Q  N?PCACK
    PCQSJR?PNPGKCGPMCKD?BGE?NCPGDPGA?QCESGB?NCJ?D?BGE?ACLRP?J CLOS?LRM?CQ​KSQASJ?​PCQCQRŠRGA?QGQMKRPGA?Q
    N?PCACKPCQSJR?PCKN?BPŽMBCD?BGE?MNMQRM0S?LBMM​KžQASJMCQRŠCKSKAMKNPGKCLRMNCOSCLMBSP?LRCSK?
    ?ŽM​KSQASJ?PCQRŠRGA? ?D?BGE?NCPGDPGA?N?PCACQCPNPCBMKGL?LRCLMNPMACQQMBCD?BGE? QQGK ?D?BGE?ACLRP?J
    NMBCMAMPPCPMSLŽMBCNCLBCLBMBMRGNMBC?ŽM​KSQASJ?PPC?​JG​X?B?
    2C?D?BGE?ACLRP?JMAMPPCMSLŽMBSP?LRCMRPCGL?KCLRMBC,5+<9(5*,R?K@KLŽMCQRŠAJ?PM#SP?LRC?RGTGB?BCQ
    BC @?GV? GLRCLQGB?BC C JMLE? BSP?ŽM  ? QCPMRMLGL?  SK LCSPMRP?LQKGQQMP BM CLAD?JM  NMBC ?DCR?P ? D?BGE? AMK
    ?SKCLRMQ BC QCPMRMLGL? PCR?PB?LBM ? D?BGE? $LRPCR?LRM  ? PCJ?ŽM  QC CJ? CVGQRGP  CLRPC QCPMRMLGL? C D?BGE?
    NCPK?LCACM@QASP? 
    2C?D?BGE?ACLRP?JMSNCPGDPGA?MAMPPCBSP?LRCSK??RGTGB?BCMSRCKNPCNMLBCP‹LAG?BSP?LRCSK??RGTGB?BCGQQM
    NMBC BCNCLBCP BM RGNM BC ?ŽM ​KSQASJ?P SRGJGX?BM NPCBMKGL?LRCKCLRC BSP?LRC ? ?RGTGB?BC  @CK AMKM BC MSRPMQ
    D?RMPCQ AMKMGLRCLQGB?BC BSP?ŽMCDPC​OS‘LAG?B??RGTGB?BC/?PCACOSC?D?BGE?ACLRP?JMAMPPCBSP?LRC?JESLQRGNMQ
    BC?RGTGB?BC CK@MP?MKCA?LGQKMCV?RMOSCCVNJGOSCCQQ?D?BGE?LŽMQCH?AJ?PM

    %121>g:/5-?
     !?@?SJR- #CQ@PMQQCQ* %?@PC,2 CR?J-CSPMKSQASJ?PD?RGESCBCTCJMNKCLRBSPGLEK?VGK?JAMLACLRPGA?LBGQMKCRPGA
    ILCCCVRCLQGMLQ) NNJ/FWQGMJZ
     #?TGQ ),  !?GJCW 2/ /MQQG@JC KCAF?LGQKQ MD ACLRP?J LCPTMSQ QWQRCK D?RGESC BSPGLE CVCPAGQC ,CB 2AG 2NMPRQ $VCPA
    Z
     #CQ@PMQQCQ *  !?@?SJR -  2A?EJGMLG &  CR ?J -CSP?J ?ARGT?RGML ?DRCP K?VGK?J GQMKCRPGA AMLRP?ARGMLQ ?R BGDDCPCLR KSQAJC
    JCLERFQ,CB2AG2NMPRQ$VCPAZ
     (I?G, 2RCGLF?SQ '2MKCD?ARMPQKMBGDWGLERFCCVNPCQQGMLMDFSK?LQRPCLERF) NNJ/FWQGMJZ
     ,CPRML/ 5MJSLR?PWQRPCLERF?LBD?RGESC)/FWQGMJZ
     2RPSBCP'* 6CGAICP'/FWQGMJMEW?LBN?RFMNFWQGMJMEWMDRFCQCPMRMLCPEGAQWQRCK?LBGRQGKNJGA?RGMLQMLKCLR?J?LB
    NFWQGA?JNCPDMPK?LAC/?PR((LR)2NMPRQ,CBZ
     2RPSBCP'* 6CGAICP'/FWQGMJMEW?LBN?RFMNFWQGMJMEWMDRFCQCPMRMLCPEGAQWQRCK?LBGRQGKNJGA?RGMLQMLKCLR?J?LB
    NFWQGA?JNCPDMPK?LAC/?PR(((LR)2NMPRQ,CBZ

    +=83034<>C>A0

     AF?TC N?P? OS?JOSCP KMTGKCLRM  ? ?RGT?ŽM BC SLGB?BCQ KMRMP?Q  E>94145 =?D?B1  M AMKNMLCLRC DSLAGML?J B?
    ?RGTGB?BC ​KSQASJ?P QM@ AMLRPMJC LCSP?J BGPCRM 4K BCQ?¤M N?P? M CVCPA”AGM  ?RGT?P SK AMLHSLRM @?QR?LRC CQNCA”¤AM BC
    SLGB?BCQKMRMP?QOSCNMQQ?KECP?P?NCL?Q?OS?LRGB?BCBCDMP?LCACQQŠPG?N?P?NPMBSXGPMKMTGKCLRMBCQCH?BMNCV
    JCT?LR?PSKJŠNGQ=:AMPPCPSKAMLHSLRMBCBCEP?SQ=:JCT?LR?PSK?A?PE?NCQ?B? 
    4K? SLGB?BC KMRMP? AMLRK SK LCSPšLGM KMRMP ?JD? C RMB?Q ?Q ¤@P?Q h SQASJ?mCQ CQRGKSJ?B?Q NMP ?OSCJC LCSPšLGM
    AMKM KMQRP?BM L? %GESP?  . LCSPšLGM KMRMP ?JD? RCK BCLBPGRMQ PCJ?RGT?KCLRC ASPRMQ  OSC PCAC@CK GLDMPK?ŽM C
    N?QQ?K L??RP?TQBMAMPNMACJSJ?PCBMQ?VšLGMQJMLEMQOSCA?PPCE?KMQGKNSJQMQBMAMPNMACJSJ?PN?P??)-, ?QGL?NQC
    AMK?¤@P?h SQASJ?P

    86DA0
    A4;0sr>4=CA4>B2><?>=4=C4BB4=B8C8E>B4<>C>A3>B8BC4<0=4AE>B>34B4<?4=70D<?0?4;
    8<?>AC0=C4C0=C>?0A0>4G4A2w28>@D0=C>?0A0>34B4<?4=7>4B?>AC8E>

    3MB?Q?QSLGB?BCQKMRMP?QQCCLA?GV?KCKSK?BCA?RCEMPG?Q4LGB?BCQKMRMP?QJCLR?Q+ GLAJSCKSKLCSPšLGM
    KMRMPASHM?VšLGMAMLBSXMQGKNSJQMQCJRPGAMQJCLR?KCLRCN?P?QS?Q¤@P?Q h SQASJ?mCQOSC NMPQS?TCX QCAMLRP?CKMS
    ?JA?L?KMNGAMBCDMP??SK?R?V?JCLR? Q¤@P?Q h SQASJ?mCQBMRGNM(OSCCQRŽM?QQMAG?B?Q?SLGB?BCQKMRMP?QJCLR?Q
    BCQCLTMJTCKNMSA?DMP?ZCJ?QQŽMNCOSCL?QCKR?K?LFMZ K?QQŽMBGD”ACGQBCD?RGE?PBCTGBM?QS?A?N?AGB?BC?CP™@G?
    GKNPCQQGML?LRC Q SLGB?BCQ KMRMP?Q PCQGQRCLRCQ  D?BGE? PŠNGB? 1%1  R‘K ?VšLGMQ K?GMPCQ C NPMN?E?K M CQR”KSJM
    CJRPGAMN?P??Q¤@P?Qh SQASJ?mCQK?GQP?NGB?KCLRC Q¤@P?QKpQASJ?P` QGLCPT?B?QNMPCQQCQ?VšLGMQQŽMAMLQGBCP?B?QRGNM
    (( C AMKMR?GQ QŽMA?N?XCQBCBCQCLTMJTCPOS?LRGB?BCQAMLQGBCPŠTCGQBCDMP?ZCJ?QQŽMK?GMPCQBMOSC?Q¤@P?QRGNM(Z
    C QŽM ?NCL?Q KMBCP?B?KCLRC D?RGEŠTCGQ  ? A?RCEMPG? BC SLGB?BCQ KMRMP?Q  AF?K?B? BC P?NGB?KCLRC D?RGEŠTCGQ 1% 
    $J?Q?NPCQCLR?K?VšLGMQKMRMPCQEP?LBCQOSCCLTG?KGKNSJQMQKSGRMP?NGB?KCLRCN?P?QS?Q¤@P?Qh SQASJ?mCQ?QQMAG?B?Q
    OSC NMPQS?TCX AMLRP?CKKSGRMP?NGB?KCLRC BCQCLTMJTCLBMEP?LBCQL”TCGQBCDMP?$LRPCR?LRM CKTGPRSBCB?Q¤@P?Q *
    KSQASJ?​PCQOSCDMPK?KCQQ?QSLGB?BCQKMRMP?QQCPCKBMRGNM((7MSRGNM(( SK?TCXOSC AMKMRPCGL?KCLRM MRGNM
    ((7?JRCP?BMN?P?MRGNM(( CJ?QNMBCKK?LRCPCQQC?JRML”TCJBCDMP? MK?GMPCLRPCMQRGNMQBCSLGB?BCQKMRMP?Q
    ?NCL?QNMPSKNCP”M​BMBCRCKNMKSGRM@PCTC

    86DA0 D=83034<>C>A01oB8202>=B8BC4=>=4DA|=8><>C>A0;504BD0BJ1A0BY DB2D;0^4B0BB>28030B


    ,<M?LP; M? KO? ;M V<L;M d OM=OF;i ?M ;NCP;>;M JIL OG; OHC>;>? GINIL; JI>?G ?MN;L FI=;FCT;>;M F;>I ; F;>I =IG
    V<L;M d OM=OF;i ?M ;NCP;>;M JIL IONL; OHC>;>? GINIL;  &MMI J?LGCN? ; ;NCP;‹ŠI d OM=OF;L OHC@ILG?
     <?G =IGI
    AL;>;‹™?MH;JLI>O‹ŠI>?@IL‹;

    JK B? BGDCPCL? LM RGNM BC ¤@P?Q h SQASJ?mCQ OSC DMPK?K ?Q SLGB?BCQ KMRMP?Q JCLR? C PŠNGB?  R?K@K CVGQRC SK?
    BGDCPCL? LM LžKCPM BC ¤@P?Q h SQASJ?mCQ NMP SLGB?BC KMRMP? .Q h žQASJMQ CK OSC SK AMLRPMJC KCLMP BC DMP? 
    LCACQQŠPGMR‘KK?GQ¤@P?Q h SQASJ?mCQNMPSLGB?BCKMRMP?/MPCVCKNJM LMQ h žQASJMQOSCAMLRP?CKCAMLRPMJ?K?JCLRC
    LMQMJFMQ ?QSLGB?BCQKMRMP?QNMBCKRCP?NCL?Q?¤@P?Q h SQASJ?mCQ CLOS?LRMLMKžQASJME?QRPMAL‘KGAMNMBCK
    QCP CLAMLRP?B?Q  ¤@P?Q h SQASJ?mCQ CK SK? SLGB?BC KMRMP? $K KBG?  N?P? RMBMQ MQ h žQASJMQ BM AMPNM  SK?
    SLGB?BCKMRMP?AMLRKACPA?BC¤@P?Qh SQASJ?mCQ
     DSLŽM ​KSQASJ?P  AMLRPMJ?B? NCJ? A?N?AGB?BC BM QGQRCK? LCPTMQM BC CQRGKSJ?P SLGB?BCQ KMRMP?Q N?P​RGASJ?PCQ
    "MKNPCCLBCPMPCAPSR?KCLRMB?SLGB?BCKMRMP?TGR?JN?P?CLRCLBCPMKMTGKCLRMD”QGAM ?CQNCAG¤AGB?BCBMCQRPCQQC
    ?ESBMBCCVCPA”AGMCMQCDCGRMQBMRPCGL?KCLRMAPšLGAMBCCVCPA”AGMQ.A™PRCVKMRMP?RGT?BGDCPCLRCQSLGB?BCQKMRMP?Q
    N?P? NPMBSXGP OS?LRGB?BCQ BGDCPCLRCQ BC DMP? NCJMQ BGDCPCLRCQ ​KžQASJMQ CK TMJR? BC A?B? ?P​RGASJ?ŽM BSP?LRC OS?JOSCP
    KMTGKCLRM

    >=3Dsr>348<?D;B>B

    "MKMBCAJ?P?BM?LRCPGMPKCLRC N?P?OSCSK?SLGB?BCKMRMP?CQRCH??RGT? SKGKNSJQMBCTCQCMPGEGL?PBCSKLCSPšLGMC


    NCPAMPPCPM?VšLGMN?P?CQRGKSJ?P?Q¤@P?Q
    h SQASJ?mCQ?QCAMLRP?GP4K9=@E<C?>5BF?C?0, M@?D5>391<451kj? L?
    DMPK?BCCLCPEG?CJRPGA?MCQR”KSJMOSCA?SQ??AMLRP?ŽMB?Q¤@P?Q h SQASJ? mCQ0S?LBMLCLFSKGKNSJQMCQRŠQCLBM
    AMLBSXGBM MGLRCPGMPBMQLCSPšLGMQRCKSK?A?PE?J”OSGB?LCE?RGT? CLOS?LRMMCVRCPGMPRCKSK?A?PE?J”OSGB?NMQGRGT?
    $QQ?BGQNMQGŽMBCA?PE?QNMQGRGT?CLCE?RGT?”M​LQ AMLRPG@SGN?P?MOSCAF?K?BMBCNMRCLAG?JBCPCNMSQMBCKCK@P?L?
    $QQC NMRCLAG?J BC PCNMSQM BC KCK@P?L?  PCQSJR?BM LŽM Q™ B? QCN?P?ŽM BC ”M​LQ A?PPCE?BMQ ?RP?TQ B? KCK@P?L?
    LCSPML?J K?QR?K@KB?GKNCPKC?@GJGB?BCB?OSCJ?KCK@P?L?OSCJCQ”M​LQCKAMLBGCQBCPCNMSQM NPCTCLGLBM?QQGK
    QCSKMTGKCLRM
    .Q”M​LQQ™BGM-? CNMRŠQQGM* QŽM?QNPGLAGN?GQKMJASJ?QPCQNMLQŠTCGQNCJMNMRCLAG?JBCKCK@P?L?.Q”M​LQ-?
    CQRŽM JMA?JGX?BMQ NPCBMKGL?LRCKCLRC BM J?BM BC DMP? B? KCK@P?L? ACJSJ?P BM LCSPšLGM  CLOS?LRM MQ ”M​LQ *  CQRŽM
    JMA?JGX?BMQNPGLAGN?JKCLRCBCLRPMBMLCSPšLGM$VGQRCK CLRPCR?LRM K?GQ”M​LQ-? DMP?BMLCSPšLGMBMOSC* BCLRPMBM
    LCSPšLGM APCQACLRC QC?GQQM?NPCNMLBCP‹LAG?BCMSRP?QN?PR”ASJ?QA?PPCE?B?QLCE?RGT?KCLRC AMKMMQEPSNMQDMQD?RM
    BCLRPMBMLCSPšLGM MOSCPCQSJR?CKSK?A?PE?GLRP?ACJSJ?PJ”OSGB?BCPCNMSQMOSCLCE?RGT? ACPA?BCZ?ZK5
    AMKN?P?B?AMKMCVRCPGMPBMLCSPšLGM
    0S?LBMSKGKNSJQMCQRŠQCLBMAMLBSXGBMNMPSKBCLBPGRMMSSK?VšLGM ?KCK@P?L?ACJSJ?PBMLCSPšLGMQCRMPL?
    NCPKCŠ​TCJ  R?LRM N?P? MQ ”M​LQ -?  OS?LRM N?P? *  %GESP?   "?B? ”M​L RCK M NP™NPGM EP?BGCLRC CJCRPMOS”​KGAM  OSC
    QCPTC AMKM QS? DMP? BC BGPCŽM ?RP?TQ B? KCK@P?L? OS?LBM MQ A?L?GQ L? KCK@P?L? CQRŽM ?@CPRMQ 2C M NMRCLAG?J BC
    PCNMSQM ?JA?L? M JGKG?P BCTGBM  QMK?ŽM BMQ GKNSJQMQ OSC ?JA?L?K MQ LCSPšLGMQ NCJMQ QCSQ BCLBPGRMQ  MAMPPCPŠ SK
    GKNSJQMLCPTMQM%GESP? +CK@PC QCBCOSC?XML?BCBGQN?PM?VšLGAMQMK?MQGKNSJQMQC QCMJGKG?P?JA?L?BM
    SKGKNSJQMQCPŠAMLBSXGBMNCJM?VšLGM0S?LBM?AMLRCACSKGKNSJQMLCPTMQM MQA?L?GQBC-? L?KCK@P?L?QC?@PCK
    CCJCCLRP?L?AJSJ? PCQSJR?LBML?45C@?<1B9J1kj?B?KCK@P?L? MSL?KSB?L?BMNMRCLAG?JBCKCK@P?L?BCPCNMSQM
    N?P? K5#CNMGQBCSK@PCTC?RP?QM MQA?L?GQBC* QC?@PCK NCPKGRGLBMOSCMQ”M​LQ* A?PPCE?BMQNMQGRGT?KCLRC
    Q?G?KBMGLRCPGMPBM?VšLGMOSC CKAMLHSLRMAMKMDCAF?KCLRMBMQA?L?GQBC-? PCQSJR?LMNMRCLAG?JBCKCK@P?L?QC
    RMPL?LBMLCE?RGTMBCLMTMBSP?LRCMNPMACQQMAF?K?BMBCB5@?<1B9J1kj?$QQCNPMACQQM@PCTCMQA?L?GQNCPK?LCACK
    ?@CPRMQ?NCL?QNMP?JESLQKGJGQQCESLBMQ K?QMQKMTGKCLRMQPŠNGBMQBC-? C* ?RP?TQB?KCK@P?L? PCQSJR?LBMCK
    BCQNMJ?PGX?ŽMMSPCNMJ?PGX?ŽM QŽMAF?K?BMQBC@?D5>391<451kj? OSC?JESK?QTCXCQBCLMKGL?BMGKNSJQMLCPTMQM
    86DA0   +< ?>C4=280; 34 0sr> 2>=B8BC4 C0=C> 4< 34B?>;0A8H0sr> @D0=C> 4< A4?>;0A8H0sr> G<;M
    ?HPIFP?GIGIPCG?HNI>?I​HM;NL;PŒM>?=;H;CMC–HC=IMH;G?G<L;H;
    86DA0    34B?>;0A8H0sr> 4 0 A4?>;0A8H0sr> 4=E>;E4< > <>E8<4=C> 34 w>​=B 0CA0EtB 30 <4<1A0=0 
    -IN?H=C;F>?L?JIOMI>;G?G<L;H;?MNGOFIJ;L;>?MJIF;LCT;LM?IFCGC;LŒ;F=;H‹;>I
    IM=;H;CM>?+; M?
    ;<L?G ? +;  ?HNL; H; =ŒFOF;  ; ?HNL;>; >? +;  H; =ŒFOF; =;OM; MO; >?MJIF;LCT;‹ŠI  IM =;H;CM >? +;  M?
    @?=B;G ? IM =;H;CM >? (  M? ;<L?G  (  M? GIP? >I CHN?LCIL J;L; I ?RN?LCIL >; =ŒFOF;  IM =;H;CM >? (
    J?LG;H?=?G;<?LNIM
    =;OM;H>IBCJ?LJIF;LCT;‹ŠIIM=;H;CM>?( M?@?=B;G
    ?HNŠIG?HIM( >?CR;;=ŒFOF;
    ;=ŒFOF;L?NILH;;IJIN?H=C;F>?G?G<L;H;>?L?JIOMI

    #SP?LRC?PCNMJ?PGX?ŽM ?KCK@P?L?QCRMPL?PŠJCTCKCLRCK?GQLCE?RGT?CKA?PE?BMOSCLMNMRCLAG?JBCKCK@P?L?
    BC PCNMSQM  MS FGNCPNMJ?PGX?B? N™Q ? D?QC BC PCNMJ?PGX?ŽM BM NMRCLAG?J BC ?ŽM  ? @MK@? BC -? Z*  BCNCLBCLRC BC
    CLCPEG?NPCAGQ?BC 3/N?P?DSLAGML?P PCQR?SP??QCN?P?ŽMBCA?PE?Q?RP?TQB?KCK@P?L?LCSPML?JNMP@MK@C?P”M​LQ
    -?  N?P? DMP? N?P? A?B?  ”M​LQ *  OSC PCRMPL?K ?M GLRCPGMP BM LCSPšLGM $QQC NPMACQQM  PCNCRGBM A?B? TCX OSC SK
    GKNSJQMLCPTMQM MSNMRCLAG?JBC?ŽM ?AMLRCAC
    4KNMRCLAG?JBC?ŽMNCPAMPPCLBMSK?VšLGMBCTCGLGAG?PSKGKNSJQMLMBCLBPGRMBCMSRPMLCSPšLGMMSL?)-, ?
    QGL?NQCOSCAMLCAR?MLCSPšLGMKMRMP¤@P? h SQASJ?P N?P?D?XCPAMKOSC?Q¤@P?QKpQASJ?P` QQCAMLRP?G?K/?P?OSC
    GQQM ?AMLRC?  MAMPPC RP?LQDMPK?ŽM BC CLCPEG? L? NMPŽM RCPKGL?J BM ?VšLGM ,?GQ CQNCAG¤A?KCLRC  ? CLCPEG? CJRPGA?
    ?NPCQCLR?B? NCJM NMRCLAG?J BC ?ŽM  RP?LQDMPK?B? CK CLCPEG? OS”​KGA? OS?LBM  AMK ? AFCE?B? BM NMRCLAG?J BC ?ŽM
    LCSPMRP?LQKGQQMPCQQŽMJG@CP?BMQBMRCPKGL?JLCPTMQMN?P??QGL?NQC RP?TCQQ?LBM?QGL?NQCCQCJGE?LBM?MQPCACNRMPCQL?
    AJSJ? ?JTM QCH? MSRPM LCSPšLGM MS SK? ¤@P? h SQASJ?P  MQ LCSPMRP?LQKGQQMPCQ D?XCK AMK OSC MQ A?L?GQ QC ?@P?K
    NCPKGRGLBMOSCMQ”M​LQ?RP?TCQQCK?KCK@P?L?B?AJSJ? ?JTM GLGAG?LBM?QQGKMSRPMGKNSJQMCJRPGAM
    'ŠA?RCEMPG?Q?KNJ?QBCLCSPMRP?LQKGQQMPCQ CVAGR?R™PGMQ OSCMSRMPL?KMNMRCLAG?JBCKCK@P?L?KCLMQLCE?RGTM
    MS ? BCQNMJ?PGX?K ?SKCLR?LBM ? NCPKC?@GJGB?BC B? KCK@P?L? ? -?  A?SQ?LBM ?QQGK ? CVAGR?ŽM B? KCK@P?L? N™Q
    QGLŠNRGA?C GLG@GR™PGMQ OSCD?XCKMMNMQRMCRMPL?K?KCK@P?L?K?GQNCPKCŠ​TCJ?* MS"JZ D?XCLBMAMKOSCCJ?
    ¤OSC?GLB?K?GQLCE?RGT?CGLG@GLBM?DMPK?ŽMBMGKNSJQM$K?JESLQA?QMQ ?GLG@GŽMNMBC?SKCLR?PMBCQCKNCLFM
    AMKMTGQRMOS?LBMM@?RCBMPD?XSK:>05.AMLRGBMCKSKJ?L?KCLRMLM@CGQC@MJ

    '2A6=52>:6=:?:K2wv@
     R?V? BC AMLBSŽM BM QGQRCK? LCPTMQM NCJMQ ?VšLGMQ  DMPRCKCLRC ?DCR?B? QC M LCPTM DMP KGCJGLGX?BM MS LŽM VšLGMQ
    NMBCKQCPAM@CPRMQNMPSK?QS@QR‹LAG?@P?LA?AMK?JRMAMLRCž​BMJGN”BGAMEMPBSP? AF?K?B?BC219>8145=95<9>1 OSC
    QCAPCR?B?NCJ?QAJSJ?QBC2AFU?LL @?GLF?BCKGCJGL??JESK?QTCXCQK?GQEPMQQ?OSCMNP™NPGM?VšLGMCAMKNMQR?
    NMP A?K?B?Q KžJRGNJ?Q C AMLA‘LRPGA?Q BCQQ? QS@QR‹LAG? JGN”BGA? %G@P?Q LCPTMQ?Q  MS ?VšLGMQ  OSC ?NPCQCLR?K @?GLF? BC
    KGCJGL? QŽM AF?K?B?Q ¤@P?Q LCPTMQ?Q =95<9>9J141C ?OSCJ?Q OSC LŽM ?NPCQCLR?K @?GLF? BC KGCJGL? QŽM AF?K?B?Q LŽM
    KGCJGLGX?B?Q
    .Q LCPTMQ KGCJGLGX?BMQ AMLBSXCK QCSQ GKNSJQMQ SRGJGX?LBM 3?>4Ekj? C1<D1DsB91  CLOS?LRM LCPTMQ LŽM KGCJGLGX?BMQ
    SQ?K3?>4Ekj?<?31<%GESP? .KMTGKCLRMBC”M​LQNPMBSXGLBMSKNMRCLAG?JBC?ŽMNCPK?LCACMKCQKMBCQAPGRM
    ?LRCPGMPKCLRC N?P? MQ  RGNMQ BC AMLBSŽM $K LCPTMQ KGCJGLGX?BMQ  ? @?GLF? BC KGCJGL? LŽM PCAM@PC AML​RG​LS?KCLRC M
    AMKNPGKCLRMBM?VšLGM K?QQCEKCLR?B?NMPNCOSCLMQCQN?MQ?A?B??KK?MJMLEMBMAMKNPGKCLRMBM?VšLGM
    $QQCQ NCOSCLMQ CQN?MQ QŽM AF?K?BMQ BC >?4?C 45 (1>F95B $QQCQ LMBMQ NMQQG@GJGR?K OSC M NMRCLAG?J BC ?ŽM NSJC BC
    LMBM?LMBM?MJMLEMBM?VšLGMB?”MRCPKM:(3;(;k906 QGELG¤A?LBMNSJ?P NMPOSC CK@MP?MQ”Mi QLŽMNMQQ?K?RP?TCQQ?P
    NPMLR?KCLRC?@?GLF?BCKGCJGL? CJCQNMBCK?RP?TCQQ?PD?AGJKCLRC?KCK@P?L?LMQLMBMQBCTGBMNPCQCL?BCA?L?GQBC
    -? C* L?KCK@P?L?$KCQQ‘LAG? MNMRCLAG?JBC?ŽMPCA?PPCE?BM?A?B?LMBMBC1?LTGCPNCJMQKMTGKCLRMQBC-?
    C* ?RP?TQB?KCK@P?L?CKA?B?LMBM
    86DA0 =IH>O‹ŠIFI=;FGIP?ICGJOFMI?FŒNLC=IJILG?CI>?;FN?L;‹™?MFI=;CMH;=;LA;>?G?G<L;H; 
    FAOHMH?OL–HCIMMŠIGC?FCHCT;>IM?IMCGJOFMIM?FŒNLC=IMOM;G=IH>O‹ŠIM;FN;N•LC;
    JOF;H>I>?HI>I;HI>I>?
    /;HPC?L  !? ?;L *
     IHHILM 
     -;L;>CMI *  +?OLIM=C?H=?
     "RJFILCHA NB? L;CH  L> ?>  ;FNCGIL? )CJJCH=INN
    4CFFC;GM;H>4CFECHM
     

     AMLBSŽM Q?JR?R™PG? ?NPCQCLR?  T?LR?ECLQ /PGKCGP?  CJ? NCPKGRC OSC M NMRCLAG?J BC ?ŽM NSJC ?RP?TQ BM ?VšLGM
    ?SKCLR?LBM?QQGK?TCJMAGB?BCB?AMLBSŽMLCSP?JCK?TCXCQ MS?RK\QZ#CNMGQ CJ?AMLQCPT?CLCPEG? HŠOSC
    ?NCL?Q MQ LMBMQ BCQNMJ?PGX?K  PCBSXGLBM ? CLCPEG? OSC ? @MK@? BC -? Z*  NPCAGQ? N?P? PCQR?@CJCACP M NMRCLAG?J BC
    PCNMSQMCLRPCGKNSJQMQ
    #C K?LCGP? MNMQR?  ?Q ¤@P?Q LCPTMQ?Q LŽM KGCJGLGX?B?Q SRGJGX?K M AGPASGRM JMA?J BC ¥SVM BC AMPPCLRC GšLGA? N?P?
    AMLBSXGPMNMRCLAG?JBC?ŽMEP?BS?JKCLRC?MJMLEMBCRMBMMAMKNPGKCLRMB?¤@P?LCPTMQ? QQGK SK?NCOSCL?N?PRC
    B? KCK@P?L? B? ¤@P? h SQASJ?P BCQNMJ?PGX? C ? AMLoGi S?ŽM BM AGPASGRM JMA?J BC ¥SVM BC AMPPCLRC GšLGA? A?SQ? ? AMLRd
    LS?ŽMB?BCQNMJ?PGX?ŽMB?KCK@P?L?BMLCPTMCD?XAMKOSCMNMRCLAG?JBC?ŽMNCPAMPP?RMBMMAMKNPGKCLRMB?¤@P?
    LCPTMQ? TCJMAGB?BCBCQQCRGNMBCAMLBSŽMBCGKNSJQMLCPTMQM@CKKCLMPBMOSCB?Q¤@P?QKGCJGLGX?B?Q T?PG?LBM
    CLRPC CK\QZ
    JKB?NPCQCL?B?KGCJGLGX?ŽM MBG‹​KC​RPMBM?VšLGM?DCR??TCJMAGB?BCBCAMLBSŽMBCGKNSJQM$KECP?J QCH??
    ¤@P? KGCJGLGX?B? MS LŽM  OS?LRM K?GMP M BG‹ h CoPM  K?GMP QCPŠ ? TCJMAGB?BC BC AMLBSŽM BC GKNSJQM JK BC
    BCRCPKGL?P?TCJMAGB?BCAMKOSCMNMRCLAG?JBC?ŽMAMLBSXGBMNCJM?VšLGM MR?K?LFMBMQLCSPšLGMQKMRMPCQR?K@K
    BCRCPKGL? M JGKG?P BC PCAPSR?KCLRM LCACQQŠPGM N?P? BGQN?P?P M NMRCLAG?J BC ?ŽM GLGAG?J BM ?VšLGM L? XML? BC BGQN?PM
    ?VšLGAM  AMKM BCQAPGRM ?LRCPGMPKCLRC LCQRC A?N”RSJM "MKM ?Q ¤@P?Q h SQASJ?mCQ RGNM ((  MS BC AMLRP?ŽM PŠNGB?  QŽM
    GLCPT?B?Q NMP LCSPšLGMQ KMRMPCQ K?GMPCQ  CJ?Q QŽM K?GQ BGD”ACGQ BC PCAPSR?P 0 ,  JGKG?P ?JRM  $K AMLRP?QRC  SLGB?BCQ
    KMRMP?Q JCLR?Q ?NPCQCLR?K LŽM ?NCL?Q ¤@P?Q h SQASJ?mCQ RGNM ( KCLMPCQ  K?Q R?K@K LCSPšLGMQ KMRMPCQ KCLMPCQ  OSC
    QŽM K?GQ DŠACGQ BC PCAPSR?P 0 ,  JGKG?P @?GVM  QQGK  SLGB?BCQ KMRMP?Q DMPK?B?Q NMP ¤@P?Q RGNM ( QŽM RGNGA?KCLRC
    PCAPSR?B?QNPGKCGP?KCLRCBCTGBM?MJGKG?PBCPCAPSR?KCLRMK?GQ@?GVMBCQCSQLCSPšLGMQ QSLGB?BCQKMRMP?QDMPK?B?Q
    NMP¤@P?QRGNM((QŽMPCAPSR?B?QBCNMGQB?Q¤@P?QRGNM(¤@P?QRGNM(( QCESGB?QNCJ?Q¤@P?QRGNM((7 BCTGBM?MR?K?LFM
    ACJSJ?PK?GMP?VšLGMQCQMK?Q BMQLCSPšLGMQKMRMPCQPŠNGBMQ PCQSJR?LBMCKQCSQJGKG?PCQBCPCAPSR?KCLRMK?GMPCQ(QQM
    AF?K?BMBCYNPGLA”NGMBMR?K?LFMN?P?MPCAPSR?KCLRM^

    'C:?4{A:@5@E2>2?9@6C64CFE2>6?E@56F?:5256>@E@C2
    4K BMQ AMLACGRMQ K?GQ GKNMPR?LRCQ PCJ?AGML?BMQ AMK ? DSLŽM LCSPM​KSQASJ?P C ?Q BCK?LB?Q BM CVCPA”AGM QC AF?K?
    @B9>3o@9?4?D1=1>8? Z/S@JGA?BMNCJMJ?@MP?R™PGMBMNPMDCQQMP'CLLCK?LCAMJ?@MP?BMPCQBM#CN?PR?KCLRMD
    /FWQGMJMEWL?'?PT?PB2AFMMJMD,CBGAGLCL?BA?B?BC CQQCNPGLA”NGM?HSB??CVNJGA?PAMKMM​KžQASJMCQOSCJRGAM
    PCAPSR?BMCAMKMNMBCKQCPNPMBSXGB?QEP?B?CQBCDMP?​KSQASJ?PBSP?LRCSK??RGTGB?BCMSSKCVCPA”AGM

    ! 

    %D?6FC€?:@D>@E@C6D2=724@?EC@=2>22E:G:5256​>FD4F=2C6DBF6​=xE:42
    32:?9256>:6=:?26>2=8F?D2I€?:@D7@C?646:D@=2>6?E@6>2?Ex>27@Cw25@D:?2=6=xEC:4@
    F?:5256>@E@C24@?D:DE66>F>?6FC€?:@>@E@C2=726DF2DL3C2D[ FD4F=2`6D6DBF6=xE:42D2DD@4:252D
    %4CE6I>@E@C2E:G25:76C6?E6DF?:5256D>@E@C2DA2C24C:2C5:76C6?E6DBF2?E:5256D567@Cw2
    +>:>AF=D@?6CG@D@x4@?5FJ:5@?27@C>2566?6C8:26=xEC:42
    %A@E6?4:2=56>6>3C2?256C6A@FD@x4C:25@AC:?4:A2=>6?E6A6=25:DEC:3F:wv@56>@=x4F=2D42CC68252DA@D:E:G2>6?E66>F>=25@
    52>6>3C2?2A=2D>sE:42
    4@?5FEt?4:25@:>AF=D@?6CG@D@@F5@A@E6?4:2=562wv@x2=42?w252A@CF>AC@46DD@5656DA@=2C:J2wv@6C6A@=2C:J2wv@?@BF2=
    {@​?D42CC6825@D6=6EC:42>6?E6D6>@G6>A2C256?EC@6A2C27@C25@?6FC€?:@
    6?6C8:2xEC2?D7@C>252566=xEC:42A2C2BF{​>:42?6FC@EC2?D>:DD@C6DA2C22EC2G6DD2CF>2D:?2AD6@F2 $#
    %E:A@564@?5Fwv@5@D:DE6>2?6CG@D@6DEsC6=24:@?25@4@>2>:6=:?:J2wv@@FD6;2D6@?6CG@x>:6=:?:J25@@F?v@
    %D?6CG@D>:6=:?:J25@D4@?5FJ6>D6FD:>AF=D@DFE:=:J2?5@24@?5Fwv@D2=E2EC:26@D?6CG@D?v@>:6=:?:J25@DFE:=:J2>24@?5Fwv@
    =@42=
    :t>6EC@D2I€?:4@D>2:@C6D4@?5FJ6>:>AF=D@D2G6=@4:5256D>2:@C6D5@BF65:t​>6​EC@D2I€?:4@D>6?@C6D

     NCQOSGQ? BC 'CLLCK?L KMQRPMS OSC M AMPNM SQ? APGRPGMQ BGDCPCLRCQ BC R?K?LFM LM PCAPSR?KCLRM BC SLGB?BCQ
    KMRMP?QGL​BG​TG​BS?GQBMAMLHSLRMBCSLGB?BCQKMRMP?QBGQNML”TCGQOSCA?B?​KžQASJM?NPCQCLR?$QQCPCAPSR?KCLRMQCJCRGTM
    NMBC QCP ?JA?L?BM NCJ? T?PG?ŽM BC DMP? BM CQR”KSJM CJRPGAM LCACQQŠPGM N?P? CQRGKSJ?P SLGB?BCQ KMRMP?Q GL​BG​TG​BS?GQ
    JCK@PC QCBCOSC?QSLGB?BCQKMRMP?QAMKR?K?LFMQBGDCPCLRCQR‘KL”TCGQBCJGKG?PCQNCA”¤AMQN?P?MPCAPSR?KCLRM .
    CQR”KSJMCJRPGAMR?K@KNMBCT?PG?PBC?AMPBMAMK?OS?LRGB?BCBCSLGB?BCQKMRMP?QPCAPSR?B?QMSAMKMR?K?LFMB?Q
    ¤@P?Qh SQASJ?mCQOSCAMKNCK?QSLGB?BCQKMRMP?QPCAPSR?B?Q"?B?SK?BCQQ?QT?PG?CQPCNPCQCLR?SKRGNMBCCDCGRM
    BCR?K?LFMOSC?HSB??NPMBSXGPCDCRGT?KCLRC?OS?LRGB?BCCV?R?BCDMP?LCACQQŠPG?N?P?SK?R?PCD?
    .NPGLA”NGMBMR?K?LFMBGR?OSC?QSLGB?BCQKMRMP?QQŽMPCAPSR?B?QB?KCLMPN?P??K?GMPCKRCPKMQBCR?K?LFMBM
    LCSPšLGMKMRMPCLAMLRP?BML?OSCJ?SLGB?BCKMRMP?CBC?AMPBMAMK?OS?LRGB?BCBC¤@P?Qh SQASJ? mCQAMLRGB?QL?OSCJ?
    SLGB?BCKMRMP?LCSPšLGMQEP?LBCQR‘KSK?OS?LRGB?BCK?GMPBCP?KMQ?VšLGAMQN?P?GLCPT?PK?GQ¤@P?Qh SQASJ?mCQ 
    "MLQCOSCLRCKCLRC ?COSGN?P?ŽMB?DMP?NPMBSXGB?BCK?LB?BM​KžQASJM?JA?L?B?NCJ?PCESJ?ŽMB?OS?LRGB?BCC
    BMR?K?LFMB?QSLGB?BCQKMRMP?QPCAPSR?B?QNCJMQGQRCK?LCPTMQM3MB?Q?Q¤@P?Q h SQASJ? mCQAMLRGB?QBCLRPMBCSK?
    SLGB?BCKMRMP?QŽMBMKCQKMRGNM HŠOSCMLCSPšLGMKMRMPOSCBCRCPKGL??QA?P?ARCP”QRGA?QBCAMLRP?ŽMB?Q¤@P?Q *
    KSQASJ?​PCQ OSC CJC GLCPT? 4LGB?BCQ KMRMP?Q JCLR?Q QŽM AMKNMQR?Q NMP KCLMQ ¤@P?Q h SQASJ?mCQ  C ECP?JKCLRC R‘K SK
    ?VšLGMKCLMPGLCPT?LBM ?Q BMOSC?QSLGB?BCQKMRMP?QPŠNGB?Q QQGK ?QSLGB?BCQKMRMP?QJCLR?QCQS?Q¤@P?Qh SQASJ?*
    PCQRGNM(QŽMLMPK?JKCLRCPCAPSR?B?QNPGKCGP?KCLRCCKSK??ŽM​KSQASJ?P QCESGB?QNCJ?Q¤@P?Qh SQASJ? mCQ1%1CRGNM
    (( AMLDMPKC?QBCK?LB?QBCDMP??SKCLR?K AMK?QSLGB?BCQKMRMP?Q1%CQS?Q¤@P?Qh SQASJ? mCQ?QQMAG?B?QRGNM((7
    MSRMB?QBMRGNM(( QCRMB?Q?QGQMDMPK?QBMRGNM((7DMP?KAMLTCPRGB?QAMKMRPCGL?KCLRM QCLBMPCAPSR?B?Q?NCL?QCK
    CQDMPMQKŠVGKMQMSNP™VGKMQ?MKŠVGKM %GESP?CQOSCK?RGX?AMKMGQQMNMBCMAMPPCP0S?LBMLCACQQŠPG?SK?
    NPMBSŽM K?GMP BC DMP?  NMPACLR?ECLQ K?GMPCQ BC SLGB?BCQ KMRMP?Q RGNM (( QŽM PCAPSR?B?Q  HŠ OSC CQQ?Q SLGB?BCQ BC
    AMLRP?ŽMPŠNGB?AMKNPCCLBCKLŽMQ™K?GQ¤@P?Q h SQASJ?mCQ K?QR?K@K¤@P?QK?GMPCQCK?GQDMPRCQ DMP??@QMJSR?
    KŠVGK?BCNCLBCB?OS?LRGB?BCCBMRGNMBCSLGB?BCQKMRMP?QAMLRPG@SGLBMN?P?MKMTGKCLRM$KRCPKMQNPŠRGAMQ QC
    SK?NCQQM?JCT?LR?NCQMQJCTCQ LCKRMBM​KžQASJMPCAPSR?BM HŠOSC?QBCK?LB?QBCDMP?LŽMQŽM?JR?QMQS¤AGCLRCN?P?
    PCAPSR?P?QSLGB?BCQKMRMP?QPŠNGB?QAMLRCLBM?Q¤@P?Q h SQASJ?mCQRGNM((OSCR‘KMK?GMPNMRCLAG?JBCFGNCPRPM¤?$QQC
    MKMRGTMNMPOSC?NCL?QNCQMQJCTCQLŽM?SKCLR?K?DMP?MSMR?K?LFM​KSQASJ?PR?LRMOS?LRMJCT?LR?PNCQMQK?GMPCQ
    CNMPOSC?AMPPGB? OSCPCAPSR?NPCBMKGL?LRCKCLRC?Q¤@P?Qh SQASJ?mCQRGNM( D?JF?CKPCQSJR?PCKFGNCPRPM¤?KpQASJ?P

    86DA0   +<0 0?A4B4=C0sr> 64A0; 3> ?A8=2w?8> 3> C0<0=7> IH@ILG? ;M >?G;H>;M >? JLI>O‹ŠI >? @IL‹;
    JLIALC>?G J;L; I G†RCGI
     G;CM OHC>;>?M GINIL;M MŠI L?=LON;>;M  "G HP?CM GOCNI <;CRIM >? @IL‹;
     ;M OHC>;>?M
    GINIL;MF?HN;MMŠIL?=LON;>;MJLCG;LC;G?HN?
    ?
    =IH@ILG?G;CM@IL‹;ŒH?=?MM†LC;
    G;CM?G;CMOHC>;>?MGINIL;M
    MŠIL?=LON;>;M
    CH=FOCH>I;MOHC>;>?MGINIL;ML†JC>;M?G;CIL?M

    OS?LRGB?BCRMR?JBCSLGB?BCQKMRMP?QCKSK​KžQASJMN?P​RGASJ?P @CKAMKM?AMKNMQGŽMPCJ?RGT?BMQBGDCPCLRCQRGNMQ
    BCSLGB?BCQKMRMP?Q DMPRCKCLRCBCRCPKGL?B?NCJ?ECLRGA?/MPAMLQC​OS‘LAG? ?ECLRGA?RCKKSGRMGKN?ARMLMRGNMBC
    BCQCKNCLFM LCSPM​KSQASJ?P AMK M OS?J SK? NCQQM? NMBC QC BCQR?A?P /MP CVCKNJM  SK AMPPCBMP BC K?P?RML? NMBC RCP
    L?QAGBMAMKBC¤@P?QRGNM(LMQ h žQASJMQB?AMV?3?JNMPACLR?ECK?JR?BCSLGB?BCQKMRMP?QJCLR?QC¤@P?QRGNM(
    ?HSB?CQQCAMPPCBMPCQCPSK?RJCR?BC,5+<9(5*,BCCJGRC%GESP? (QQMNMBCQCPCVNJGA?BM CKN?PRC NCJMD?RMBCOSC
    OS?LBM ?Q SLGB?BCQ KMRMP?Q QŽM PCAPSR?B?Q  ?Q SLGB?BCQ KMRMP?Q JCLR?Q ?NPCQCLR?LBM ¤@P?Q h SQASJ? mCQ RGNM ( QŽM
    PCAPSR?B?QCKNPGKCGPMJSE?PCCJ?QQŽMK?GQ?BCOS?B?QN?P???RGTGB?BC?CP™@G?BMOSC?Q¤@P?Qh SQASJ?mCQRGNM(( GLAJS”*
    B?QL?QSLGB?BCQKMRMP?QPŠNGB?Q ?RGT?ŽMPCNCRGB?B?Q¤@P?Qh SQASJ?mCQRGNM(( OSCQŽMK?GQ?BCOS?B?QN?P??RGTGB?BCQ
    ?L?CP™@G?Q  PCQSJR? CK ?AGBMQC ?SKCLR?B?  OSC A?SQ? D?BGE?  PCBSXGLBM ? A?N?AGB?BC BC K?LRCP M PGRKM BC AMPPGB?
    BCQCH?BM QQGK  ? ECLRGA? BC SK GL​BG​T”​BSM BGR?PŠ OS?J  ? BGQNMLG@GJGB?BC BC PCAPSR?KCLRM BC SLGB?BCQ KMRMP?Q N?P?
    ?JA?L?P ?Q BCK?LB?Q BMQ BGDCPCLRCQ RGNMQ BC CVCPA”AGMQ C  CK AMLQC​OS‘LAG?  M L”TCJ BC BCQCKNCLFM NMQQ”TCJ $LRŽM
    OS?JOSCPSKNMBCQCPSKKCB?JFGQR?BCMSPMCKSK?AMPPGB?BCK?P?RML?-ŽM3CP?AMK@GL?ŽM?BCOS?B?BCSLGB?BCQ
    KMRMP?QSKPCOSGQGRM

    86DA0 BD=83034B<>C>A0BC8?>?A43><8=0<=>B​<B2D;>B302>G0430?4A=04<D<2>AA43>A34
    38BCp=280344;8C4

    1CAGNPMA?KCLRC N?P?SKTCJMAGQR? SK?NMPACLR?ECK?JR?BCSLGB?BCQKMRMP?QPŠNGB?Q AMKQS?Q¤@P?Qh SQASJ? mCQRGNM


    ((?QQMAG?B?Q L?​KSQASJ?RSP?B?AMV??HSB??NPMKMTCP?Q?CQ​KSQASJ?​PCQCVNJMQGT?QCBC?JR?NMR‘LAG?LCACQQŠPG?QN?P??
    NPMBSŽMBCTCJMAGB?BCCKSKNCP”M​BMASPRMBCRCKNM%GESP? .PCAPSR?KCLRMB?Q¤@P?Qh SQASJ? mCQRGNM(( OSC
    AMLR?K NPCBMKGL?LRCKCLRC AMK ? NPMBSŽM BC CLCPEG? ?L?CP™@G?  PCQSJR?PŠ L? EP?LBC Q?”​B? BC DMP? C BC NMR‘LAG?
    LCACQQŠPG?N?P??AMPPGB? K?Q?QSLGB?BCQKMRMP?QRGNM((R?K@KQCD?BGE?KP?NGB?KCLRCTCP"?N”RSJM vGKNMPR?LRC
    JCK@P?P OSC  BCTGBM ?M NPGLA”NGM BM R?K?LFM N?P? M PCAPSR?KCLRM  M TCJMAGQR? ?GLB? PCAPSR?PŠ QS?Q SLGB?BCQ KMRMP?Q
    JCLR?Q?LRCQBCQS?QSLGB?BCQKMRMP?QPŠNGB?Q$LRŽM KCQKM?QSLGB?BCQKMRMP?QJCLR?QCQS?Q¤@P?Qh SQASJ? mCQRGNM(QŽM
    PCAPSR?B?QBSP?LRC?QAMLRP?CQ​KSQASJ?​PCQBC?JR?TCJMAGB?BCOSC?AMLRCACKBSP?LRC?AMPPGB? K?P?RML?C?AMPPGB?
    BCTCJMAGB?BCPCNPCQCLR?KCVCKNJMQLMQCVRPCKMQBMCQNCARPMBCPCAPSR?KCLRMBCSLGB?BCQKMRMP?Q
     TCPB?BCGP? T?LR?ECK ¤QGMJ™EGA? B? MPBCK BC PCAPSR?KCLRM NCJM NPGLA”NGM BM R?K?LFM  OSC CJ? ?QQCESP? OSC ?Q
    SLGB?BCQKMRMP?QBC@?GVMJGKG?P MSD?AGJKCLRCPCAPSR?B?Q AMKNMQR?QNCJ?Q¤@P?Q h SQASJ?mCQRGNM( OSCQŽMDCGR?QN?P?M
    KCR?@MJGQKM ?CP™@GM C QŽM PCQGQRCLRC  D?BGE?  QCH?K PCAPSR?B?Q NPCBMKGL?LRCKCLRC N?P? PC?​JG​X?P ?RGTGB?BCQ BC KCLMP
    GLRCLQGB?BCCJMLE?BSP?ŽM,5+<9(5*, @CKAMKM?Q?RGTGB?BCQBGŠ​PG?QLMPK?GQ4LGB?BCQKMRMP?QPŠNGB?QBCJGKG?PK?GQ
    ?JRM  OSC QŽM PCAPSR?B?Q ?NCL?Q OS?LBM FŠ SK? LCACQQGB?BC BC L”TCGQ K?GMPCQ BC DMP?  QC D?BGE?K P?NGB?KCLRC NMPOSC
    BCNCLBCKKSGRMBMKCR?@MJGQKM?L?CP™@GM"MKMPCQSJR?BM ?MPBCKBCPCAPSR?KCLRMNCJMNPGLA”NGMBMR?K?LFM?HSB?
    ??BG?P?D?BGE?BSP?LRC?CQ​KSQASJ?​PCQQS@KŠVGK?QNMPOSC?QSLGB?BCQKMRMP?QBCJGKG?P?JRMCP?NGB?KCLRCD?RGEŠTCGQ
    LŽMQŽMPCAPSR?B?Q%GESP? $LRPCR?LRM SK?A?P?ARCP”QRGA?NMQGRGT?B?QSLGB?BCQKMRMP?QBCJGKG?PK?GMPOSCCJ?Q
    QCPCASNC​P?KK?GQP?NGB?KCLRCBMOSC?QSLGB?BCQKMRMP?QBCJGKG?PKCLMP MOSCT?JGMQMBSP?LRC?RGTGB?BCQPCNCRGB?Q
    BCASPR?BSP?ŽMC?JR?DMP? AMKMLMRPCGL?KCLRMGLRCPT?J?BMMSCK?PP?LA?B?QPCNCRGB?QCKSKHMEM AMKMLMDSRC@MJ
    86DA0 BD=83034B<>C>A0BC8?>?A43><8=0<=>B​<B2D;>B302>G0430?4A=034E4;>28BC0B344;8C4
    86DA0    2G ;MJ?=NI >; IL>?G >? L?=LON;G?HNI J?FI JLCH=JCI >I N;G;HBI Œ KO? ?F; ;MM?AOL; KO? ;M
    OHC>;>?M GINIL;M >? FCGC;L <;CRI M?D;G L?=LON;>;M JL?>IGCH;HN?G?HN? J;L; L?;​FC​T;L ;NCPC>;>?M >? G?HIL
    CHN?HMC>;>??FIHA;>OL;‹ŠI  2HC>;>?MGINIL;M>?FCGC;LG;CILMŠIL?=LON;>;M;J?H;MKO;H>IHP?CM
    ;FNIM>?@IL‹; JINH=C;MŠIH?=?MM†LCIM

    #SP?LRC ?RGTGB?BCQ BC ,5+<9(5*,  ?Q SLGB?BCQ KMRMP?Q OSC R‘K @M? A?N?AGB?BC BC KCR?@MJGQKM ?CP™@GM NMBCK QCP
    PCAPSR?B?Q ?JRCPL?RGT?KCLRC N?P? ?JA?L?P ?Q BCK?LB?Q BC DMP? BMQ ​KžQASJMQ ?RGTMQ B53BED1=5>D? 45CC9>3B?>9J14? 
    (QQMQGELG¤A?OSC BCLRPMBMAMLHSLRMBCSLGB?BCQKMRMP?QJCLR?QMSRGNM(JMA?JGX?B?QLM h žQASJMCKCVCPA”AGM FŠSK
    NPMACQQMA”AJGAMBCPCAPSR?KCLRM BCKMBMOSCSLGB?BCQKMRMP?QGL​BG​TG​BS?GQD?XCKRSPLMQBCBCQA?LQMCLOS?LRMMSRP?Q
    CQRŽM?RGT?Q$QQ?A?N?AGB?BCBCNMSN?PSLGB?BCQKMRMP?QOS?LBMSK?DMP?QS@KŠVGK?LCACQQŠPG?R?K@K?HSB???BG?P
    ?D?BGE?$QQ?CQRP?REG?BC?JRCPL?PMPCAPSR?KCLRMBCSLGB?BCQKMRMP?QBCJGKG?P@?GVMNPCBMKGL?BSP?LRC?RGTGB?BCQBC
    ,5+<9(5*,  QCH? CK SK? ?RGTGB?BC AMKM AMPPGB? BC BGQR‹LAG? MS JCT?LR?KCLRM BC NCQMQ @CK JCTCQ CK SK? EP?LBC
    OS?LRGB?BC BC PCNCRGCQ 0S?LRM K?GMP ? DMP? LCACQQŠPG? N?P? PC?​JG​X?P SK? ?RGTGB?BC  KCLMQ CQQ? CQRP?REG? BC
    PCAPSR?KCLRMBCQQGLAPMLGX?BMNMBCQCPSQ?B? NMPOSCSK?NMPACLR?ECKK?GMPBMRMR?JBCSLGB?BCQKMRMP?QPCAPSR?B?
    N?P? NPMBSXGP ? DMP? LCACQQŠPG? . NPGLA”NGM BM R?K?LFM C ? MPBCK BC PCAPSR?KCLRM ?HSB?K ? ?BG?P ? D?BGE? BSP?LRC
    R?PCD?Q OSC PCOSCGP?K NPMBSŽM BC DMP? QS@KŠVGK?  NPCTCLGLBM M PCAPSR?KCLRM BC SLGB?BCQ KMRMP?Q BC ?JRM JGKG?P
    $LRPCR?LRM NMQQ”TCJNCPESLR?P?D?BGE?NMBC?AMLRCACPBCLRPMBMQGQRCK?LCPTMQM!MVC 

    9&(_g(5$124,0&b2,1'16$/$0+1(,06(4$_g(5',0]/,&$5
    $VGQRCK CVACCQ ?M NPGLA”NGM BM R?K?LFM 3?GQ CVACCQ NMBCK MAMPPCP OS?LBM M ?RP?QM RCKNMP?J  A?SQ?BM NCJM
    PCAPSR?KCLRM NPCDCPCLAG?J B?Q SLGB?BCQ KMRMP?Q KCLMPCQ  OSC NMBCK AMLRPG@SGP ?NCL?Q AMK OS?LRGB?BCQ BC DMP?
    NCOSCL?Q  DMP NPCHSBGAG?J N?P? SK BCQCKNCLFM BC ?RGTGB?BC BC KSGR? DMP? $VACCQ ?M NPGLA”NGM BM R?K?LFM DMP?K
    BCQAM@CPR?Q NPGKCGP?KCLRC CK NCGVCQ C K?K”DCPMQ AMKM CQRSBM BMQ KMTGKCLRMQ PŠNGBMQ BC CQA?NC AMKM L? @?RGB? BC
    A?SB?BCNCGVCQN?P?KSB?PBCBGPCŽMOS?LBMNCPQCESGBMNMPSKNPCB?BMP MSKMTGKCLRMQBCA?NRSP?MKMTGKCLRM
    PŠNGBMB?N?R?BG?LRCGP?BCSKE?RMN?P?A?NRSP?PSK?NPCQ? OS?LBMKCQKMSK?RP?QMKGLžQASJMCKN?QQ?P?MPBCKBC
    PCAPSR?KCLRMB?QSLGB?BCQKMRMP?QNCOSCL?QN?P??QEP?LBCQQCPG??BGDCPCL?CLRPCTGB?MSKMPRC
    -CQQ?QAGPASLQR‹LAG?QCVACNAGML?GQ CKTCXBCAMKC?PAMKMPCAPSR?KCLRMBCSLGB?BCQKMRMP?QJCLR?Q BCJGKG?P@?GVM
    ?Q SLGB?BCQ KMRMP?Q PŠNGB?Q QŽM PCAPSR?B?Q NPGKCGP?KCLRC N?P? NCPKGRGP TCJMAGB?BCQ BC KMTGKCLRM K?GMPCQ $QQC
    NPMACQQMN?PCACQCPD?AGJGR?BMNCJ?GLG@GŽMB??RGT?ŽMB?QSLGB?BCQKMRMP?QJCLR?Q RMPL?LBMK?GQDŠAGJGPBGPCRMN?P??Q
    SLGB?BCQKMRMP?QPŠNGB?Q-MBCQCKNCLFMFSK?LM CQQ?QQGRS?CQNMBCKMAMPPCPAMKTCJMAGB?BCQKSGRM?JR?Q@?J”QRGA?
    C KMTGKCLRMQ BC ECP?ŽM BC ?JR? NMR‘LAG? SQ?LBM KMTGKCLRMQ ?JR?KCLRC RPCGL?BMQ CLRPC ?RJCR?Q @CK RPCGL?BMQ N CV
    F?JRCPM¤JGQR?QMJ”KNGAMQ @?RCBMPCQBC@CGQC@MJ TCJMAGQR?QMSL?B?BMPCQBCTCJMAGB?BC 

    (,'167'1170$'$(*4$'$_g(5'()14_$
    .SRPM AMLACGRM GKNMPR?LRC L? PCESJ?ŽM B? NPMBSŽM BC DMP? ​KSQASJ?P  ? <59 4? DE4? ?E >141 $QQ? JCG ?¤PK? OSC
    OS?LBMMJGKG?PBC?RGT?ŽM?JA?L?BMNCJMLCSPšLGMKMRMPBCSK?SLGB?BCKMRMP?CQNCA”¤A? RMB?Q?Q¤@P?QKpQASJ?
    PCQ L?OSCJ? SLGB?BC KMRMP? QŽM ?RGT?B?Q 2C M JGKG?P LŽM  ?JA?L?BM  CLRŽM LCLFSK? B?Q ¤@P?Q h SQASJ?mCQ L?OSCJ?
    SLGB?BCKMRMP?QCPŠ?RGT?B?1CN?PC CLRPCR?LRM OSCCQQ?JCGTCPB?BCGP??NCL?QN?P?SLGB?BCQKMRMP?QGL​BG​TG​BS?GQBCLRPM
    BCSK​KžQASJM CLŽMN?P?MQ​KžQASJMQGLRCGPMQ AMKMM@”ACNQ0S?LRMK?GQSLGB?BCQKMRMP?QQŽMCQRGKSJ?B?Q K?GMP
    OS?LRGB?BC BC DMP?  NPMBSXGB? $K MSRP?Q N?J?TP?Q  QC SK? SLGB?BC KMRMP?  ?RGT?B?  ?NCL?Q SK? OS?LRGB?BC KSGRM
    NCOSCL?BCDMP?BCQCLTMJTGB?2CTŠPG?QSLGB?BCQKMRMP?QQŽM?RGT?B?Q K?GQDMP?BCQCLTMJTGB?2CRMB?Q?QSLGB?BCQ
    KMRMP?Q CK SK ​KžQASJM QŽM ?RGT?B?Q  CLRŽM  NPMBSXGB? ? DMP? KŠVGK? NCJM ​KžQASJM $QQC KRMBM BC T?PG?P ? DMP?
    NPMBSXGB?NMPSK​KžQASJMAF?K?BMBCC?=1kj?45E>94145C=?D?B1C=w<D9@<1C
    &P?B?CQL?DMP?BCQCLTMJTGB?NMPSK​KžQASJMR?K@KNMBCKQCP?JA?L?B?QNCJMAMLRPMJCB?DMP?NPMBSXGB?NCJ?Q
    SLGB?BCQKMRMP?QGL​BG​TG​BS?GQ(QQMAF?K?BMBCC?=1kj?D5=@?B1<CBC¤LGB?AMKMMPCQSJR?BMB?P?NGBCXAMKOSCMQ
    NMRCLAG?GQBC?ŽMQŽMNPMBSXGBMQNCJMLCSPšLGMKMRMP?JD?N?P?CQRGKSJ?P?Q¤@P?Qh SQASJ? mCQBCSK?SLGB?BCKMRMP?
    4K?SLGB?BCKMRMP?PCQNMLBC?SKžLGAMGKNSJQMLCPTMQMNMRCLAG?JBC?ŽM NCJ?NPMBSŽMBCSK?žLGA?3?>DB1kj?​
    KSQASJ?P 4K? AMLRP?ŽM  SK NCP”M​BM @PCTC BC ?RGTGB?BC ​KSQASJ?P NPMBSXGLBM DMP?  QCESGB? NCJM PCJ?V?KCLRM B?
    SLGB?BC KMRMP? 0S?LBM  GKNSJQMQ AMLBSXGBMQ NMP SK ?VšLGM ?JA?L?K ?Q ¤@P?Q h SQASJ? mCQ AMK ?NCL?Q SK @PCTC
    GLRCPT?JMMQQCN?P?LBM ??AMLRP?ŽM?AMLRCAC?LRCQBMPCJ?V?KCLRMAMKNJCRM?N™Q??AMLRP?ŽM"MKMPCQSJR?BM ??
    AMLRP?ŽMQCQMK?DMP?B??AMLRP?ŽM NPMBSXGLBMK?GQDMP?RMR?J A?N?AGB?BCBCMQLCSPšLGMQT?PG?PCK?R?V?BC
    NPMBSŽM BC NMRCLAG?GQ BC ?ŽM  AF?K?B? BC D1H1 45 3?49{31kj? $K R?V?Q NPMEPCQQGT?KCLRC K?GMPCQ BC BGQN?PM BM
    NMRCLAG?JBC?ŽM ?R?V?BCQMK?ŽMBCMLB?QAMLRP?ŽM ?SKCLR??ROSCMQGKNSJQMQ?AMLRC?K?SK??JR?DPC​OS‘LAG?
    QS¤AGCLRC N?P? OSC ?Q AMLRP?CQ h SQASJ?mCQ PCQSJR?LRCQ QCH?K AMKNJCR?KCLRC QMK?B?Q  MS DSQGML?B?Q  C LŽM F?H?
    CTGB‘LAG? BC PCJ?V?KCLRM CLRPC CJ?Q %GESP?    QMK?ŽM AMKNJCR? B?Q AMLRP?CQ  AF?K?B? BC D5D1>91  ? DMP?
    KŠVGK?OSCSK?SLGB?BCKMRMP?NMBCNPMBSXGP A?N?AGB?BCBCT?PG?P?DMP?OSCSK​KžQASJMNPMBSXNCJ?QMK?ŽMBC
    SLGB?BCQ KMRMP?Q KžJRGNJ?Q C ? R?V? BC AMBG¤A?ŽM PCQSJR? CK SK? T?PG?ŽM OS?QC GL¤LGR? B? DMP? NPMBSXGB? NMP SK
    KžQASJM  A?N?AGB?BC BC T?PG?P ? NPMBSŽM BC DMP?  TGR?J N?P? M BCQCKNCLFM ?BCOS?BM L?Q PC?​JG​X?CQ ?RJRGA?Q OSC
    T?PG?KBCQBCCTCLRMQBCNMR‘LAG? AMKMMQ?JRMCK?JRSP? ?R?OSCJCQOSCPCOSCPCKDMP?K”LGK? AMKML?@MJ?ASPR?BM
    R‘LGQOSCBGPCAGML?B?N?P?K?JN?QQ?PNCJ?PCBC

    ! 

    +?:5256D>@E@C2DDv@C64CFE252D52D>6?@C6DA2C22D>2:@C6D4@>32D6?2D56>2?52D567@Cw26I:8:52D?@​>ƒD4F=@
    86?xE:4256F>:?​5:​G{​5F@56E6C>:?22BF2?E:52565:DA@?{G6=565:76C6?E6DE:A@D56F?:5256D>@E@C2D@FD6;2=6?E2D(((BF6
    A@56>D6CC64CFE252DA2C2C62​=:​J2C5:76C6?E6DE:A@D566I6C4{4:@D
    DF?:5256D>@E@C2DCsA:52DDv@>2:@C6D5@BF62D=6?E2D?@5:t​>6​EC@5@2I€?:@>@E@C36>4@>@?@E2>2?9@6?2BF2?E:525656
    L3C2D:?6CG252D
    (64CFE2CAC:>6:C2>6?E62DF?:5256D>@E@C2D56=:>:2C>2:D32:I@2;F52225:2C2725:82BF2?5@>F:E27@Cw2@FA@Ey?4:2?v@Dv@
    ?646DDsC:2D
    % C64CFE2>6?E@ 56DD:?4C@?:J25@ 52D F?:5256D >@E@C2D A@56 @4@CC6C BF2?5@ 2D ?646DD:5256D 56 AC@5Fwv@ 56 7@Cw2 Dv@ 32:I2D
    2EC2D2?5@@:?{4:@52725:82
    &@56 @4@CC6C F>2 6I46wv@ 2@ AC:?4{A:@ 5@ E2>2?9@ ?@ BF2= 2D F?:5256D >@E@C2D CsA:52D Dv@ C64CFE252D AC:>6:C2>6?E6 A2C2
    A6C>:E:C>2:@C6DG6=@4:5256D56>@G:>6?E@
     =6: 5@ EF5@ @F ?252 5:E2 BF6 E@52D 2D L3C2D [ FD4F=2`6D 56 F>2 F?:5256 >@E@C2 D6 4@?EC2:Cv@ D6 2BF6=2 F?:5256 >@E@C2 7@C
    C64CFE252
    7@Cw2AC@5FJ:52A@CF>​>ƒD4F=@x2=E6C252A6=22E:G2wv@565:76C6?E6DBF2?E:5256D56F?:5256D>@E@C2D
    2E:G2wv@D6=6E:G256F?:5256D>@E@C2D25:76C6?w2?@E2>2?9@52DF?:5256D>@E@C2D62E2I2564@5:L42wv@564252F?:5256
    >@E@C2A6C>:E6>28C252wv@?2AC@5Fwv@567@Cw2
    DF?:5256D>@E@C2DC6DA@?56>2F>ƒ?:4@:>AF=D@?6CG@D@A6=2AC@5Fwv@56F>24@?EC2wv@
    D@>24@>A=6E2564@?EC2w‚6D2:>AF=D@D?6CG@D@Dƒ?:4@DC6DF=E26>E6E2?:2
    86DA0    B><0sr> 34 >=30 C0<1t< 2>=742830 2><> B><0sr> 34 5A4​@Du=280 >2>AA4 @D0=3> 303>
    2>=9D=C> 34 D=83034B <>C>A0B t 4BC8<D;03> A4?4C830<4=C4 0Ct @D4 0 @D0=C83034 <oG8<0 34 5>As0 t
    34B4=E>;E8304<D<02>=CA0sr>​<DB2D;0AC4Cp=820/?F;R;G?HNI=IGJF?NI?HNL?IMJIN?H=C;CMMIG;‹ŠI
    >?IH>;N?N;HC; !??;L*
     IHHILM
    -;L;>CMI* +?OLIM=C?H=?
    "RJFILCHANB?L;CH L>?> ;FNCGIL?
    *!
    )CJJCH=INN4CFFC;GM;H>4CFECHM 

    30?C0s~4B=4DA08B0>4G4A2w28>

    Q?B?NR?CQBMQGQRCK?LCPTMQM?MRPCGL?KCLRMNMBCKKCJFMP?PMBCQCKNCLFMD”QGAM.+90=,LCSP?J SK?KCBGB?B?
    AMK@GL?ŽMCLRPCMPCAPSR?KCLRMBCSLGB?BCQKMRMP?QCB?R?V?BCAMBG¤A?ŽMB?QSLGB?BCQKMRMP?Q?RGT?QBCLRPMBCSK
    KžQASJM SK?QNCARMB?Q?B?NR?CQ?MRPCGL?KCLRM.+90=,LCSP?J OSCGLGAG?BMBCLRPMB?N?PRCACLRP?JBMQGQRCK?
    LCPTMQM C CLRŽM RP?LQKGRGBM N?P? ? N?PRC NCPGDPGA? BM QGQRCK? LCPTMQM  NMBC QCP OS?LRG¤A?BM SRGJGX?LBM QC RALGA?Q BC
    CJCRPMKGMEP?¤?$,& GLRCEP?B?NMPKCGMBCCJCRPMBMQBCQSNCPD”AGC!MVC  QRALGA?QBC$,&KCBCK??RGTGB?BC
    CJRPGA? BCLRPM BM ​KžQASJM  GLAJSQGTC ?Q ?RGTGB?BCQ R?LRM BCLRPM BMQ LCPTMQ OS?LRM B?Q ¤@P?Q h SQASJ?mCQ  C GLBGA?K ?
    OS?LRGB?BCBC+90=,LCSP?JBCNMQGR?B?LM​KžQASJM
    $KSKAMLHSLRMBCCQRSBMQAJŠQQGAMQ QCK?L?QBCRPCGL?KCLRMBCNCQMPCQSJR?P?KCKSK?KSB?L?N?P?SKL”TCJ
    KCLMP BC ?RGTGB?BC L? $,& N?P? ? R?V? BC DMP? ​KSQASJ?PZ #C D?RM  MQ ​KžQASJMQ RPCGL?BMQ NPMBSXGP?K B?B?
    OS?LRGB?BC QS@KŠVGK? BC DMP? AMK SK? OS?LRGB?BC KCLMP BC ?RGTGB?BC BC $,&  QSECPGLBM SK? PCQNMQR? AMLRPŠRGJ
    ?SKCLR?B? ? OS?JOSCP OS?LRGB?BC QS@KŠVGK? BC +90=, LCSP?J $QQ? PCQNMQR? K?GMP N?P? ACPR? OS?LRGB?BC BC CQR”KSJM
    CJRPGAM QSECPC OSC MS CVGQRC SK? ?RGT?ŽM ​KSQASJ?P KCJFMP?B? BSP?LRC M CQDMPM QS@KŠVGKM  MS SK N?BPŽM BC
    PCAPSR?KCLRM K?GQ C¤AGCLRC B?Q SLGB?BCQ KMRMP?Q $LRPCR?LRM  ?JESLQ CQRSBMQ BCKMLQRP?P?K OSC ? ?RGT?ŽM h SQASJ?P
    KCJFMP?B? LŽM MAMPPC ?N™Q M RPCGL?KCLRM  GLBGA?LBM OSC ? MPBCK BC PCAPSR?KCLRM K?GQ C¤AGCLRC NPMT?TCJKCLRC 
    PCQNMLQŠTCJNMP@M?N?PRCB?DMP??SKCLR?B?

    ,4&  ;
    4-<:7517/:)t)
    ?C5@8& -59B&8)#
    96-,::69
    /@:0*(3!/,9(7@96.9(4
    ,:605,:"50=,9:0;@
    :;,67(;/0*,+0*(3,5;,9
    ,:605,:

    $,&SK?DCPP?KCLR?N?P?KCBGPMQQGL?GQCJRPGAMQNPMBSXGBMQNCJMQ​KžQASJMQOS?LBMCJCQQŽMCQRGKSJ?BMQ?QC
    AMLRP?GP $QNCAG¤A?KCLRC  $,& EP?T? MQ NMRCLAG?GQ BC ?ŽM NPMBSXGBMQ L? KCK@P?L? ACJSJ?P BM h žQASJM
    Q?PAMJCK? 4K?TCXOSCMQGQRCK?LCPTMQM?RGT?M​KžQASJMCQOSCJRGAMNMPKCGMB?QSLGB?BCQKMRMP?QC?Q¤@P?Q *
    KSQASJ?​PCQCKSK?SLGB?BCKMRMP?QCAMLRP?GPŽMHSLR?Q MQCJCRPMKGMEP?¤QR?QDPCOSCLRCKCLRCBGQASRCK$,&CK
    RCPKMQBCNMRCLAG?GQBC?ŽMB?SLGB?BCKMRMP?/Q 4, 
    $VGQRCKKMBMQECP?GQBCQCD?XCP?QEP?T?CQBC$,&/PGKCGPM CJCRPMBMQBCQSNCPD”AGCNMBCKQCPAMJMA?BMQ
    QM@PCMTCLRPCBM​KžQASJM RCALMJMEG?QCKCJF?LRCOSCJ?SRGJGX?B?N?P?D?XCPEP?T?CQB??RGTGB?BCCJRPGA?BM
    AMP?ŽM CJCRPMA?PBGMEP?K? :$"&<  CK@MP? KSGRMQ QGQRCK?Q GLAMPNMPCK NCOSCLMQ @GM?KNJG¤A?BMPCQ OSC NMBCK
    QCP AMJMA?BMQ BGPCR?KCLRC QM@PC ? NCJC .Q CJCRPMBMQ BC QSNCPD”AGC PCOSCPCK ?JESK NPCN?PM B? NCJC LM JMA?J BC
    EP?T?ŽM$KECP?J GQQMCLTMJTCJGKNCX?NPMDSLB?B?NCJCAMKŠJ​AMMJC CK?JESLQA?QMQ P?QN?PCCQDPCE?P?NCJCBC
    KMBMOSC?GKNCB‹LAG?CJRPGA?QCH?KGLGKGX?B?&P?T?CQRP?BGAGML?GQBC$,&BCQSNCPD”AGCLŽMNCPKGRCK?​
    TGQS?​JGX?ŽM BC /Q 4, GL​BG​TG​BS?GQ $K TCX BGQQM  KSGRMQ /Q 4, CVGQRCK QM@ M Q”RGM BC EP?T?ŽM ? OS?JOSCP
    KMKCLRM  C M QGL?J PCQSJR?LRC  PCDCPGBM AMKM SK QGL?J BC GLRCPDCP‘LAG? . N?BPŽM BC GLRCPDCP‘LAG? N?PCAC
    QCKCJF?LRC ? SK QGL?J ?AžQRGAM MS QGL?J QGQKMEPŠ¤AM L? ECMJMEG?  ? ?@MPB?ECK  $,& BC ?ESJF?  OS?LBM
    CJCRPMBMQ BC ?ESJF? QŽM GLQCPGBMQ LM TCLRPC BM ​KžQASJM -?Q AG‘L​AG?Q BM CVCPA”AGM  MQ CJCRPMBMQ BC ?ESJF? QŽM
    SRGJGX?BMQ NPGLAGN?JKCLRC N?P? PC?​JG​X?P EP?T?CQ BC ​KžQASJMQ NPMDSLBMQ OSC LŽM QŽM ?ACQQ”TCGQ AMK CJCRPMBMQ BC
    QSNCPD”AGC$,&BC?ESJF?R?K@KSQ?BMLMCJCRPMBG?EL™QRGAMAJ”LGAM HŠOSCCJCNMQQG@GJGR?MCV?KCBC/Q 4,
    GL​BG​TG​BS?GQ4K?T?PGCB?BCBCBGQRžP@GMQ​KSQASJ?​PCQCLCSPMJ™EGA?QNMBCQCPGBCLRG¤A?B?DPCOSCLRCKCLRCAMK@?QC
    LMQDMPK?RMQBMQ/Q4 ,CBCMSRP?QA?P?ARCP”QRGA?QGBCLRG¤A?B?QLMCV?KCBC$,&BC?ESJF?1CACLRCKCLRC SK?
    LMT? RCALMJMEG? BC $,& BC QSNCPD”AGC  OSC SRGJGX? SK ?PP?LHM BC NCOSCLMQ CJCRPMBMQ BC QSNCPD”AGC BC $,&
    AMJMA?BMQCKSKCQN?MPCJ?RGT?KCLRCNCOSCLM RPMSVC?NMQQG@GJGB?BCBCEP?T?P/Q 4,GL​BG​TG​BS?GQQCKSQ?PSK?
    ?ESJF?$QQ?SK?B?QDPMLRCGP?QL?NCQOSGQ?BC$,&
    $VGQRCK?@MPB?ECLQECP?GQBCOS?LRG¤A?ŽMN?P?$,&BCQSNCPD”AGCL?QAG‘L^G?QBMCVCPA”AGM-?NPGKCGP? ?
    $,&SQ?B?N?P?CV?KGL?PMRCKNMBC?RGT?ŽMBMQ​KžQASJMQ OSG QŽMOS?LRG¤A?BMQMGL”AGMCM¤KBMQBGQN?PMQ
    BC $,& 2C SK? T?PGCB?BC BC ​KžQASJMQ  CV?KGL?B? QGKSJR?LC?KCLRC  M RCKNM BC ?RGT?ŽM BC ?EMLGQR?Q
    ?LR?EMLGQR?QCQGLCPEGQR?QNMBCQCPCQRSB?BMN?P?DMPLCACPSKOS?BPMBMN?BPŽMBC?RGT?ŽM​KSQASJ?PN?P?R?PCD?Q
    AMKM?LB?P AMPPCPCJCT?LR?PNCQM$QQCRGNMBCGLDMPK?ŽMR?K@KNMBCQCPSRGJGX?BMAJGLGA?KCLRC/MPCVCKNJM
    J?@MP?R™PGMQAJ”LGAMQBCK?PAF?SQ?K$,&BCQSNCPD”AGCN?P??HSB?P?A?P?ARCPGX?PBGQDSLŽMBCK?PAF?CKGL​BG​T”​
    BSMQAMKBMCL​?QAMKMN?P?JGQG?ACPC@P?J$QQ?GLDMPK?ŽMNMBCQCPSRGJGX?B?N?P??HSB?P?ESG?P?QGLRCPTCLCQ
    AGPžPEGA?QMPRMNBGA?Q&CP?JKCLRC OS?LRMK?GMPCQ?QKSB?L?QBCTMJR?ECKNMPSLGB?BCBCRCKNM AMKRMBMM
    PCQRMGES?J K?GMP?CVRCLQŽMBC?RGT?ŽMB?SLGB?BCKMRMP?0S?LRG¤A?P??KNJGRSBCBCSKQGL?JBC$,&NCPKGRC
    OSC M NCQOSGQ?BMP MS M KBGAM KC? ? DMP? BC SK? AMLRP?ŽM  ?KNJGRSBC BM QGL?J BC $,& R?K@K T?PG?
    BSP?LRC?D?BGE?​KSQASJ?PCLRŽM KSB?L?QL??KNJGRSBCBC$,&QŽMSQ?B?QDPCOSCLRCKCLRCLMCQRSBMB?D?BGE?​
    KSQASJ?P %GL?JKCLRC  ? ?LŠJGQC BC BMK”LGM B? DPC​OS‘LAG? NCPKGRC OSC M NCQOSGQ?BMP A?P?ARCPGXC SK? $,& AMK
    @?QC CK OS?LR? CLCPEG? BC QGL?J CQRŠ JMA?JGX?B? CK TŠPG?Q @?LB?Q BC DPC​OS‘LAG? 3GNGA?KCLRC  QGL?GQ BC $,& BC
    QSNCPD”AGCAMLR‘KOS?QCRMB??QS?CLCPEG?BCQGL?JCKDPC​OS‘LAG?Q?@?GVMBCAGAJMQNMPQCESLBM'CPRX C?AGK?
    BC?'CPRX BCNCLBCLBMB?QA?P?ARCP”QRGA?QBMQGQRCK?BCEP?T?ŽM LŠJGQCBCBMK”LGMB?DPC​OS‘LAG?SQ?B?
    DPCOSCLRCKCLRC N?P? CQRSB?P ? D?BGE? ​KSQASJ?P "MLDMPKC SK ​KžQASJM QC D?BGE?  CLRPC ? T?PGCB?BC BC KSB?L?Q
    OSCMAMPPCK RCK QCOSC?TCJMAGB?BCBCAMLBSŽMBMNMRCLAG?JBC?ŽM?MJMLEMBMQ?PAMJCK?RCLBC?BCQ?ACJCP?P
    (QQM?JRCP??QA?P?ARCP”QRGA?QBCDPC​OS‘LAG?BMQGL?JBC$,&BCQSNCPD”AGC CCJ?QNMBCKQCPOS?LRG¤A?B?QSRGJGX?LBM?
    ?LŠJGQCBCBMK”LGMB?DPC​OS‘LAG?
    JK BCQQ? ?B?NR?ŽM M@QCPT?B? CK CQDMPMQ QS@KŠVGKMQ  DMG TGQRM OSC M RPCGL?KCLRM BC PCQGQR‘LAG? PCQSJR? CK
    EP?T?CQ BC $,& K?GMPCQ BSP?LRC CQDMPMQ KŠVGKMQ  QSECPGLBM +90=, LCSP?J K?GMP N?P? M ​KžQASJM #C D?RM  CK@MP?
    AŠJASJMQ NPCTCH?K SK ?SKCLRM BC DMP? BC  BCTGBM  FGNCPRPM¤? GLBSXGB? NCJM RPCGL?KCLRM  L? TCPB?BC  ? DMP?
    ?SKCLRMSCK$QQ?CK?GQMSRP?NCQOSGQ??NMG?KMAMLACGRMBCOSCSK?SKCLRMLM+90=,LCSP?JKŠVGKM?SKCLR??
    DMP?​KSQASJ?P JKBGQQM N?PCACOSCCQQ?Q?B?NR?CQLCSP?GQMAMPPCK@CKP?NGB?KCLRCDMGKMQRP?BMOSCMQEP?LBCQ
    ?SKCLRMQL?DMP? CTGBCLRCQL?QNPGKCGP?QQCK?L?QBMNPMEP?K?BCRPCGL?KCLRMBCPCQGQR‘LAG? MAMPPCKAMKNMSA?MS
    LCLFSK?FGNCPRPM¤? h SQASJ?P CNMBCQCP?RPG@S”
    _ ?NPGLAGN?JKCLRCK?GMP?RGT?ŽMLCSP?JBMQ h žQASJMQRPCGL?BMQ$QQC
    GKN?ARMGLGAG?JBMQGQRCK?LCPTMQMLMQE?LFMQBCDMP?NMBCQCPM@QCPT?BML?%GESP?(LRCPCQQ?LRCKCLRC R?K@KDMG
    CQR?@CJCAGBMOSCMQBCAJ”LGMQGLGAG?GQCK?GQNPMLSLAG?BMQL?DMP?OSC?AMKN?LF?MBCQSQM​KSQASJ?PNMBCKQCP?RPG@S”​
    BMQ?M+90=,LCSP?JBGKGLS”​BMN?P?M​KžQASJMOSCQCAMLRP?GK?VGK?KCLRC

    86DA0 
     DA0=C4 0B ?A8<48A0B B4<0=0B 34 CA48=0<4=C> 0 5>As0 0D<4=C030 B4 34E4 8=8280;<4=C4 qB
    030?C0s~4B =4DA08B IH@ILG? I NL?CH;G?HNI =IH​NC​HO;
     IM ;OG?HNIM >? @IL‹; N;G<ŒG MŠI =;OM;>IM JIL
    ;OG?HNIMH;BCJ?LNLIV;>I d šM=OFI?MKO?FŒNC=I

    .SRP??B?NR?ŽMLCSP?JOSCNMBCPG?KCJFMP?P?DSLŽM​KSQASJ?PMBGQN?PM?SKCLR?BMB?SLGB?BCKMRMP?0S?LRM
    K?GMP?QGLAPMLGX?ŽM K?GMP?OS?LRGB?BCBCSLGB?BCQKMRMP?QBGQN?P?LBM?MKCQKMRCKNM QGLAPMLGX?ŽM?SKCLR?B?
    BMBGQN?PMB?QSLGB?BCQKMRMP?QDMGM@QCPT?B??N™QMRPCGL?KCLRMBCDMP? OS?LBMCJ?N?PCACRCPQCSK?GMPGKN?ARML?
    KCJFMP?B?NMR‘LAG?NMPBGKGLSGPMRCKNMLCACQQŠPGMN?P?M​KžQASJM?JA?L?PQCSNGAMBCNPMBSŽMBCDMP?(QQMQCPG?
    GKNMPR?LRCBSP?LRCMBCQCKNCLFMBCCQNMPRCQBCNMR‘LAG? AMKMLM?PPCKCQQMBCNCQMMSLMJ?L?KCLRMBCB?PBM
    $VGQRCCTGB‘LAG??BGAGML?JN?P?QSQRCLR?P?APCL?BCOSC?NMR‘LAG?​KSQASJ?PGKNPCQQGML?LRCBCKMLQRP?B?NMP?RJCR?Q
    RPCGL?BMQ?BCOS?B?KCLRCCQRCH?JGE?B?Q?JRCP?CQLMN?BPŽMBCPCAPSR?KCLRMLCSP?J/MPCVCKNJM DMGBCKMLQRP?BMOSC
    RPCGL?KCLRMBC?PP?LA?B?QLŽM?NCL?Q?SKCLR??CVAGR?@GJGB?BCBMQLCSPšLGMQKMRMPCQ RMPL?LBM?QSLGB?BCQKMRMP?QBC
    JGKG?P ?JRM K?GQ DŠACGQ BC PCAPSR?P  AMKM R?K@K ?SKCLR? ? TCJMAGB?BC BC AMLBSŽM BMQ ?VšLGMQ KMRMPCQ  KCJFMP?LBM
    ?QQGK?R?V?BCAMBG¤A?ŽMC?R?V?BCNPMBSŽMBCDMP?B?OSCJ?QSLGB?BCQKMRMP?Q
    CVAGR?@GJGB?BCK?GMPC?TCJMAGB?BCBCAMLBSŽMLCPTMQ? M@QCPT?B?QL?QSLGB?BCQKMRMP?QBCJGKG?P?JRMBC?RJCR?QBC
    NMR‘LAG?RPCGL?BMQ ?SKCLR?K?DMP?NPMBSXGB?C?R?V?L?OS?JMNGAMBCDMP?ECP?BM K?Q NCJMN?BPŽMKCR?@™JGAM
    ?OSCJ?QSLGB?BCQKMRMP?QQCD?BGE?PŽMP?NGB?KCLRC"MKN?P?LBMMBCQCKNCLFM​KSQASJ?PCLRPC?RJCR?QBCNMR‘LAG?@CK
    RPCGL?BMQC?RJCR?QBC,5+<9(5*, MQNPGKCGPMQKMQRP?P?KDMP?GLGAG?JCNMR‘LAG?K?GMPCQLMQ​KžQASJMQOS?BP”ACNQDCKMP?J
    ,?Q  ?N™Q SK? QPGC BC CVRCLQCQ BC NCPL? AMK CQDMPM KŠVGKM GLBSXGLBM D?BGE?  DMP?K MQ ?RJCR?Q BC NMR‘LAG? OSC
    CVNCPGKCLR?P?K M BCAJ”LGM K?GQ NPMCKGLCLRC BC DMP? C NMR‘LAG? (QQM DMG ?AMKN?LF?BM NMP SK BCAJ”LGM K?GMP L?
    ?RGTGB?BCBC$,&CLRPCMQ?RJCR?QBCNMR‘LAG? QSECPGLBMN?PRGAGN?ŽMKCLMPB?QSLGB?BCQKMRMP?QBCJGKG?P?JRM$QQ?Q
    BCQAM@CPR?QGJSQRP?KOSC CLOS?LRMMRPCGL?KCLRMBCNMR‘LAG?BC?JR?GLRCLQGB?BCNMBCKCJFMP?P?A?N?AGB?BCBCPCAPSR?P
    SLGB?BCQ KMRMP?Q PŠNGB?Q  BC ?JRM JGKG?P  CJ?Q ?GLB? NCPK?LCACK K?GQ D?RGEŠTCGQ BM OSC ?Q SLGB?BCQ KMRMP?Q JCLR?Q  BC
    @?GVMJGKG?P
    $KPC?​JG​X?CQ?RJRGA?QK?GQAMKNJCV?Q L?QOS?GQ?AMMPBCL?ŽM¤L?BMQLSKCPMQMQEPSNMQ h SQASJ? mCQCQQCLAG?JN?P?
    MBCQCKNCLFM™RGKM MRPCGL?KCLRMN?PCACNPMKMTCPSKRGNMBC?B?NR?ŽMLMPCAPSR?KCLRMLCSP?JOSCBCL?RSPCX?
    GLRCP​KSQASJ?P$KSKCQRSBMPCACLRC DMGKMQRP?BMOSCPCK?BMPCQ?JR?KCLRCRPCGL?BMQCR?JCLRMQMQCP?KK?GQ?NRMQ?M
    PCAPSR?KCLRM BMQ TŠPGMQ ​KžQASJMQ SRGJGX?BMQ LM ?PP?LOSC AMKNJCVM BM PCKM BM OSC ?RJCR?Q KCLMQ RPCGL?BMQ OSC LŽM
    ?JA?L?P?K BCQR?OSC CK QCS CQNMPRC %GESP?   RJCR?Q BC CJGRC DMP?K A?N?XCQ BC ?JRCPL?P QCK NPM@JCK?Q M
    PCAPSR?KCLRM CLRPC EPSNMQ ​KSQASJ?​PCQ OSC N?PRGAGN?K BM ?PP?LOSC BM PCKM BSP?LRC SK RSPLM BC  KGL BC PCKM /MP
    CVCKNJM  AMLR?P?K K?GQ AMK M KžQASJM OS?BP”ACNQ DCKMP?J BSP?LRC MQ  NPGKCGPMQ KGLSRMQ  BCNMGQ K?GQ L?Q AMQR?Q
    BSP?LRCMQKGLSRMQ?C CLRŽM K?GQBCLMTMLMKžQASJMOS?BP”ACNQDCKMP?JLMMKGLSRM$KAMLRP?QRC PCK?BMPCQ
    KCLMQR?JCLRMQMQLŽM?NPCQCLR?P?K?A?N?AGB?BCBC?JRCPL?PMSQMBCEPSNMQ​KSQASJ?​PCQBGDCPCLRCQBSP?LRCMQKGLBC
    PCKM

    86DA0 A4​@Du=280<t38034?>Cu=280#&A4;0C8E0343854A4=C4B6AD?>B​<DB2D;0​A4B3DA0=C4<8=34
    A4<>+<038<8=D8sr>=0#&8=3820<4=>BDB>450386034D<6AD?>​<DB2D;0A>;JN;>;=IGJ?LGCMMŠI
    >;+;NCIH;F0NL?HANB;H> IH>CNCIHCHAMMI=C;NCIH
     IFIL;>I0JLCHAM
     ,>?0I/
    1M?*
    4IHA0 JJFC=;NCIH
    I@ MOL@;=? ?F?=NLIGSIAL;JBS CH ;MM?MMCHA GOM=F? L?=LOCNG?HN J;NN?LHM CH ; MCR GCHON? =IHNCHOIOM LIQCHA ?@@ILN  '
    0NL?HANB IH>/?M   

    $K@MP?MRPCGL?KCLRMBCNMR‘LAG?CDMP?N?PC?A?SQ?PK?GQKMBG¤A?CQLMQGQRCK?LCPTMQM SK?KMBG¤A?ŽMOSC
    DMGKMQRP?B??N™QMRPCGL?KCLRMBC,5+<9(5*,MPCAPSR?KCLRMBCQQGLAPMLGX?BMKCJFMP?BMB?QSLGB?BCQKMRMP?QBC@?GVM
    JGKG?P $QQ? ?JRCPL‹LAG? KCJFMP?B? LM PCAPSR?KCLRM BC SLGB?BCQ KMRMP?Q BC @?GVM JGKG?P BCLRPM BM KCQKM ​KžQASJM
    BSP?LRCSKCVCPA”AGMQS@KŠVGKMNPMJMLE?BMQCPTCN?P?DMPLCACPGLRCPT?JMQBCBCQA?LQMQSLGB?BCQKMRMP?QGL​BG​TG​BS?GQ
    PCBSXGLBM M CQRPCQQC C ? D?BGE? CLRPC CJ?Q  C CJGKGL?LBM ?QQGK ? LCACQQGB?BC BC PCAPSR?P ?Q SLGB?BCQ KMRMP?Q BC JGKG?P
    K?GMP K?GQD?RGEŠTCGQ
    4K AMKNMLCLRC GKNMPR?LRC B? SLGB?BC KMRMP?  ? )-,  OSC  ? QGL?NQC OSC NCPKGRC ? AMKSLGA?ŽM BM LCSPšLGM
    KMRMP AMK ?Q ¤@P?Q h SQASJ?mCQ OSC CJC GLCPT? "MKM N?PRC R?LRM BM QGQRCK? LCPTMQM OS?LRM BM QGQRCK? h SQASJ?P  CJ?
    R?K@K ?NPCQCLR? ?B?NR?CQ ?M RPCGL?KCLRM BC CVCPA”AGMQ !MVC   Q A?P?ARCP”QRGA?Q NPGLAGN?GQ B? )-, QŽM ?Q TC​
    Q”ASJ?Q AMLRCLBM ?ACRGJAMJGL?  JMA?JGX?B?Q L?Q NMPCQ RCPKGL?GQ BM ?VšLGM KMRMP  C PCACNRMPCQ N?P? M LCSPMRP?LQKGQQMP
    ?ACRGJAMJGL?L?PCEGŽMB?NJ?A?KMRMP?BMQ?PAMJCK?B?¤@P?h SQASJ?P%GESP?  )-,AMLFCAGB?FŠKSGRMRCKNM
    AMKMMJMA?JB?D?BGE?LCSPM​KSQASJ?P$LRPCR?LRM ?EMP?QCQ?@COSC?)-,A?N?XBCQMDPCP?B?NR?CQNMQGRGT?Q?M
    RPCGL?KCLRMBCCVCPA”AGMQOSCQCPTCKN?P?PCR?PB?PMGL”AGMB?D?BGE?/MPCVCKNJM DMGKMQRP?BMOSCMRPCGL?KCLRMBC
    ,5+<9(5*,?SKCLR?R?LRM?OS?LRGB?BCBCTC​Q”ASJ?QBC?ACRGJAMJGL?NP QGLŠNRGA?QOS?LRMMQPCACNRMPCQN™Q QGLŠNRGAMQCK
    ACPA?BC PCQSJR?LBMCK?RP?QMB?D?BGE?CBCQCKNCLFMBC,5+<9(5*,KCJFMP?BM  NCQOSGQ?R?K@KKMQRPMSOSC
    AMKMMRPCGL?KCLRMBC,5+<9(5*, MRPCGL?KCLRMBCPCQGQR‘LAG?NMBC?SKCLR?PMR?K?LFMB?)-, K?QCK?NCL?QACPA?
    BC QQGK KSGRMQRGNMQBC?B?NR?CQGLBSXGB?QNCJMRPCGL?KCLRMPCQSJR?KCKBCQCKNCLFMCQNMPRGTMKCJFMP?BM
    ,4&  <
    =6dc76-=:7​5=;+=4):--@-:+h+17
    )-,MCQN?MCLRPCSK?VšLGMC?¤@P? h SQASJ?PCKOSCMQGL?JCVAGR?R™PGMNPMBSXGBMNCJMLCSPšLGMKMRMP
    RP?LQDCPGBM N?P? ? QSNCPD”AGC B? ¤@P? h SQASJ?P  JCT?LBM  CK žJRGK? ?LŠJGQC   AMLRP?ŽM B?OSCJ? ¤@P?
    (LRCPCQQ?LRCKCLRC NCQOSGQ?QKMQRP?P?KOSC?)-,SKJMA?J LMK”LGKM BCNMRCLAG?JBCD?BGE?LCSPM​KSQASJ?P
    JCT?LBMBGKGLSGŽMB?DMP?AMLRPŠRGJBM​KžQASJMCQOSCJRGAM
    QQGK AMKM ?Q ¤@P?Q h SQASJ?mCQ  ? CQRPSRSP? B? )-, C ?Q AMLACLRP?CQ BMQ LCSPMRP?LQKGQQMPCQ OSC KCBCG?K
    QS? ?RGT?ŽM BCKMLQRP?P?K ?B?NR?@GJGB?BC GKNPCQQGML?LRC ?M RPCGL?KCLRM PCESJ?P BC CVCPA”AGMQ /MP CVCKNJM  SK
    NPMEP?K? BC AMPPGB? BC CQRCGP? NMP TŠPG?Q QCK?L?Q PCQSJR? CK BGKCLQCQ QGELG¤A?RGT?KCLRC ?SKCLR?B?Q R?LRM BM
    AMKNMLCLRC NP QGLŠNRGAM RCPKGL?GQ LCPTMQMQ  OS?LRM BM AMKNMLCLRC N™Q QGLŠNRGAM NJ?A? KMRMP? B? ¤@P? *
    KSQASJ?P B?)-,$QQ?Q?B?NR?CQCQRŽM?QQMAG?B?Q?SK?OS?LRGB?BCK?GMPBCTC​Q”ASJ?QNP QGLŠNRGA?QAMLRCLBM
    LCSPMRP?LQKGQQMPCQCPCACNRMPCQN™Q QGLŠNRGAMQOSCQCJGE?K?MQLCSPMRP?LQKGQQMPCQJG@CP?BMQ$QQ?QKMBG¤A?CQ
    CQRPSRSP?GQ PCQSJR?K CK AMKSLGA?ŽM LCPTM ​KžQASJM K?GQ C¤AGCLRC C  CLRŽM  KCLMQ D?BGE? BSP?LRC ? ?RGT?ŽM
    NPMJMLE?B?BMQGQRCK?LCSPM​KSQASJ?P#CD?RM DMGBMASKCLR?BMOSCMBCAJ”LGML?OS?LRGB?BCBCLCSPMRP?LQKGQQMP
    JG@CP?BMNCJMQRCPKGL?GQLCPTMQMQCQCJGE?LBMNJ?A?KMRMP?B?¤@P? h SQASJ?P OSCMAMPPCL?RSP?JKCLRCBSP?LRC
    SK?QPGCBCCQRGKSJ?ŽMLCSP?JAML​R”​LS? QGELG¤A?RGT?KCLRCBGKGLS”_ ?CK?LGK?GQAMKRPCGL?KCLRMBC,5+<9(5*,
    (QQM PCQSJR? CK GLAGB‘LAG? BGKGLS”​B? BC D?JF? L? RP?LQKGQQŽM LCSPM​KSQASJ?P C L? PCQNMQR? B?Q ¤@P?Q h SQASJ? mCQ
    CLTMJTGB?QL?CQRGKSJ?ŽMLCSP?J
    -ŽM?NCL?QMRPCGL?KCLRMBC,5+<9(5*,OSC?DCR??)-, SKNPMEP?K?BCRPCGL?KCLRMBCPCQGQR‘LAG?PC?​JG​X?BM
    NMP TŠPG?Q QCK?L?Q R?K@K NPMBSXGS PCKMBCJ?KCLRM B? )-, QGKGJ?P  K?Q KCLMQ NPMLSLAG?BM $LOS?LRM M
    RPCGL?KCLRMBC,5+<9(5*,A?SQMSSK?SKCLRMBCACPA?BCL?QBGKCLQCQB?QPC​EGCQNPCN™Q QGLŠNRGA?QB?
    )-, MRPCGL?KCLRMBCPCQGQR‘LAG?CVN?LBGS?QBGKCLQCQNPCN™Q QGLŠNRGA?QCKACPA?BCvNMQQ”TCJOSCCQQ?
    BGDCPCL?QCBCT??MD?RMBCOSC?OS?LRGB?BCRMR?JBC?RGTGB?BCLCSPM​KSQASJ?PK?GMPBSP?LRCMRPCGL?KCLRMBC
    ,5+<9(5*,  OSC ?NPCQCLR? ?RGTGB?BC AML​R”​LS?  BM OSC BSP?LRC ? ?RGTGB?BC BC PCQGQR‘LAG?  CK OSC ? ?RGTGB?BC  BC
    L?RSPCX? K?GQ GLRCPKGRCLRC /MPK  CK ?K@?Q ?Q KMB?JGB?BCQ BC CVCPA”AGM DMG TGQRM OSC ?Q ?B?NR?CQ NP C N™Q
    QGLŠNRGA?QCQRŽMGLRGK?KCLRC?QQMAG?B?QN?P?K?LRCP?AGLRGA??BCOS?B?BCJG@CP?ŽMJGE?ŽMBCLCSPMRP?LQKGQQMPCQ
    ZC?NPM@?@GJGB?BCBCAMLRP?ŽMB?¤@P?h SQASJ?PZBSP?LRC??RGTGB?BCLCSPMh SQASJ?PCVN?LBGB?
    0S?LBMQCAMLQGBCP??A?N?AGB?BC?SKCLR?B?BMQGQRCK?LCSPM​KSQASJ?P GLBSXGB?NCJMRPCGL?KCLRMBCCVCPA”AGMQ
    MN?NCJTGR?JBCQCKNCLF?BMNCJ?)-,LCQQ?QKCJFMPG?QLŽMBCTCQCPQS@CQRGK?BM.PCKMBCJ?KCLRMB?)-,CQRŠ
    GLBGQASRGTCJKCLRCJGE?BM?MBCQCKNCLFMLCSPM​KSQASJ?P?SKCLR?BM

    15@A>--05/5;:-8
    #CQAFCLCQ, )SBCJQML# *P?CKCP6) CR?J$DDCARQMDPCQGQR?LACRP?GLGLEMLLCSPMKSQASJ?PHSLARGMLKMPNFMJMEW,SQAJC
    -CPTC
    86DA0   #82A>6A0J0 30 $# <0A2030 2>< KD>A4B2u=280  G;L=;‹ŠI P?L>? Œ >;M P?​M=OF;M JLŒ MCH†JNC=;M
    =IHN?H>I ;=?NCF=IFCH;   G;L=;‹ŠI P?LG?FB; Œ J;L; IM L?=?JNIL?M J•M MCH†JNC=IM >? ;=?NCF=IFCH;   ILN?MC; >I !L
    *C=B;?F!?M=B?H?M
    1B? IFF?A?I@4CFFC;G;H>*;LS
    4CFFC;GM<OLA
    3 

    ! 

    *x4?:42D56#>656>22E:G:52566=xEC:4256?EC@5@D​>ƒD4F=@D65@D?6CG@D:?5:42?5@2BF2?E:525656#'?6FC2=?@​>ƒD4F=@
    +>2F>6?E@?@#'?6FC2=>sI:>@A2C2F>​>ƒD4F=@2F>6?E227@Cw2
    AD@EC6:?2>6?E@>6?@D#'?6FC2=x?646DDsC:@A2C2AC@5FJ:C52527@Cw2DF3>sI:>256G:5@E2?E@u2E:G2wv@>6=9@C25252D
    F?:5256D>@E@C2DBF2?E@2F>A25Cv@56C64CFE2>6?E@>2:D6L4:6?E652DF?:5256D>@E@C2D
    'F2?E@>2:@C2D:?4C@?:J2wv@>2:@C2BF2?E:525656F?:5256D>@E@C2D5:DA2C2?5@2@>6D>@E6>A@
    %EC6:?2>6?E@566I6C4{4:@DA@562F>6?E2C2D:?4C@?:J2wv@5@DA25C‚6D565:DA2C@52DF?:5256D>@E@C2D56?EC@56F>​>ƒD4F=@
    D:?4C@?:J2wv@2F>6?E2525@5:DA2C@56F?:5256D>@E@C2DA@56C65FJ:C@E6>A@?646DDsC:@A2C22=42?w2C@A:4@56AC@5Fwv@56
    7@Cw262F>6?E2C2A@Ey?4:2
    %EC6:?2>6?E@A@56C6DF=E2C?242A24:5256562=E6C?2C@C64CFE2>6?E@56​>ƒD4F=@D6?G@=G:5@D6>F>2E2C6722;F52?5@2AC6G6?:C
    2725:826>6=9@C2C@56D6>A6?9@
     $# D6 252AE2 2@ EC6:?2>6?E@ 4@> 2F>6?E@D E2?E@ ?2D G6​D{4F=2D ACxD:?sAE:42D 4@> 246E:=4@=:?2 BF2?E@ ?@D C646AE@C6D AD
    D:?sAE:4@D

    ?;820s~4B?AoC820B4>B8BC4<0=4AE>B>

    $LRŽM  AMKM QC NMBC ?NJGA?P  L? NPŠRGA? ?M CVCPA”AGM  ? GLDMPK?ŽM ?NPCQCLR?B? ?LRCPGMPKCLRC QM@PC M QGQRCK? LCPTMQM
    4K??NJGA?ŽMN?P?K?LRCPCKKCLRCOSCMRGNMBC?RGTGB?BCOSCQCSQ?CKSK?QCQQŽMBCRPCGL?KCLRMBGR?PŠMRGNMC?
    OS?LRGB?BC BC ¤@P?Q h SQASJ?mCQ ?RGT?B?Q NCL?Q ?Q ¤@P?Q KpQASJ?P` Q ?RGT?B?Q NCJM QGQRCK? LCPTMQM NMBCK PCAC@CP MQ
    @CLCD”AGMQBCSKNPMEP?K?BCRPCGL?KCLRM BCTGBM?MNPGLA”NGMB?CQNCAG¤AGB?BC
    .SRP? ?NJGA?ŽM N?P? AMLQGBCP?P  OSC ?Q SLGB?BCQ KMRMP?Q PCAPSR?B?Q LM ​KžQASJM BCNCLBCPŽM B?Q BCK?LB?Q BM
    CVCPA”AGM C B?Q NMQGCQ @GMKCA‹LGA?Q SRGJGX?B?Q CK SK CVCPA”AGM MS ?RGTGB?BC /MP CVCKNJM  QC QŽM SRGJGX?B?Q BGDCPCLRCQ
    NMQGCQBCNBGPCGRMCCQOSCPBMCKSKCVCPA”AGMBC?E?AF?KCLRM ??RGT?ŽMB?​KSQASJ?RSP?B?AMV?LŽMQCPŠ?KCQK?
    CK P?XŽM B?Q BGDCPCL?Q LMQ KMTGKCLRMQ @GMKCA‹LGAMQ BMQ KCK@PMQ BGPCGRM C CQOSCPBM LM KMTGKCLRM BM CVCPA”AGM
    %GESP?   BGAGML?JKCLRC  ? K?ELGRSBC BM PCAPSR?KCLRM BC NMPCQ BGTCPQ?Q BM KžQASJM OS?BP”ACNQ DCKMP?J 
    BGDCPCLRCN?P?MBCQCKNCLFMBCCVCPA”AGMQOSCQŽM@GMKCA?LGA?KCLRCBGDCPCLRCQ?NCQ?PBCCVCPAGR?PCK?KCQK?​ŠPC?BM
    AMPNM N CV  3,. 79,:: =: SK ?E?AF?KCLRM  5?PG?ŽM L? MPBCK BM PCAPSR?KCLRM C L? K?ELGRSBC BC PCAPSR?KCLRM BC ​
    KžQASJMQBGDCPCLRCQSKBMQD?RMPCQPCQNMLQŠTCGQNCJMQE?LFMQBCDMP?CNMR‘LAG?OSCQŽMCQNCA”¤AMQN?P?SKCVCPA”AGM
    BCRPCGL?KCLRMAMKNCQMQCKN?P​RGASJ?PCF?@GJGB?BCQCLTMJTCLBMMQKCQKMQ​KžQASJMQ/MPCVCKNJM SK?RJCR?NMBCQCP
    SK@MKTCJMAGQR?CRCPSK™RGKMQ?JRMTCPRGA?J K?QMSRPM?RJCR?NMBCRCPSKQ?JRMTCPRGA?JK?GMPCLŽMQCQ?GPRŽM@CKL?
    AMPPGB? 3?JTCX ? JGŽM K?GQ GKNMPR?LRC ? JCT?P N?P? A?Q?  OSC ? CQRPSRSP? BM QGQRCK? LCSPM​KSQASJ?P BM QCP FSK?LM
    NCPKGRC ?NCL?Q OSC M ​KžQASJM QC AMLRP?G?  C QC ?B?NRC ?M CVCPA”AGM  QC CJCQ QŽM ?RGT?BMQ NCJM QGQRCK? LCPTMQM KMRMP $
    CK@MP?QCH?NMQQ”TCJAMLRPMJ?PAMLQAGCLRCKCLRCMQGQRCK?LCPTMQMKMRMPN?P?PCESJ?P?OS?LRGB?BCCMRGNMBCDMP?Q​
    KSQASJ?​PCQBCQCLTMJTGB?QNCJM​KžQASJMCQOSCJRGAMOSCKMTCLMQQMQKCK@PMQ ?BGTGQŽM?SRšLMK?BMQGQRCK?LCPTMQM
    OSC PCESJ? ? R?V? C ? DMP? AMK OSC M ​KžQASJM A?PB”?​AM QC AMLRP?G  CQRŠ ?JK B? LMQQ? A?N?AGB?BC BC AMLRPMJ?P
    AMLQAGCLRCKCLRC

    86DA0   <064< 34 A4BB>=p=280 <06=tC820 3>B ​<B2D;>B 30 2>G0 0=C4B 4 34?>8B 34 D< ?A>C>2>;>
    8=C4=B>344G4A2w28>34060270<4=C>34B4BB~4B34
    A4?4C8s~4B0Ct050;u=2802>=2u=CA820
    (#2G;
    CG;A?GHIL?JIOMIŒ;JL?M?HN;>;‰?MKO?L>;?OG;CG;A?G;J•MI?R?L==CI?MN†‰>CL?CN; .O;HNIG;CM=F;L;Œ;
    †L?;
     G;CM I N?=C>I ​GOM=OF;L H;KO?F; J;LN? >; =IR; @IC ;NCP;>I =IG I JLINI=IFI >? ?R?L==CI >? ;A;=B;G?HNI
    !C@?L?H‹;M >L;G†NC=;M H; ;NCP;‹ŠI ?HNL? IM >C@?L?HN?M ​GšM=OFIM >; =IR; JI>?G M?L I<M?LP;>;M
     KO? JI>?G M?L
    >?PC>;M ; >C@?L?H‹;M H;M JIMC‹™?M >I G?G<LI ? H; G?=‡HC=; >I ;A;=B;G?HNI HI GIPCG?HNI >? ?R?L==CI  3*

    P;MNI G?>C;F 3&


     P;MNI CHN?LGŒ>CI #
     <=?JM @?GIL;F 01
     M?GCN?H>H?I 0*
     M?GCG?G<L;H†=?I *
     ;>ONIL
    G;AHI)
    ;>ONILFIHAI

    012%,%&$"0,

    6<
    5MA‘MLMTMRPCGL?BMPNPGLAGN?J.RPCGL?BMPNPGLAGN?J?LRCPGMPRGLF??RJCR?QBCA?KNMRPCGL?LBMAMKNCQMQCPC?​JG​
    X?LBM RPCGL?KCLRM GLRCPT?J?BM ?LRCQ BM RPCGL?KCLRM B? F?@GJGB?BC N?P? QCSQ CTCLRMQ CQNCA”¤AMQ 5MA‘ BCAGBGS
    CQRPSRSP?PQS?QQCQQCQBCRPCGL?KCLRMAMKC?LBMAMKSK?OSCAGKCLRMQCESGBMNCJMRPCGL?KCLRMBCRALGA? PC?​JG​
    X?LBMRPCGL?KCLRMBCGLRCPT?JMMSBCNCQM?M¤KB?QCQQŽM5ŠPGMQ?RJCR?QNCPESLR?P?KNMPOSCTMA‘CQRŠKSB?LBM?
    QC​OS‘LAG?B?QQCQQCQBCRPCGL?KCLRMBMRPCGL?BMP?LRCPGMP0S?J?@?QC¤QGMJ™EGA?N?P??QKSB?L?QL?NPŠRGA?CLM
    NPMEP?K?BCRPCGL?KCLRM0SCMSRP?QNPŠRGA?QCMPE?LGX?CQBCRPCGL?KCLRMTMA‘NMBCSRGJGX?PCOS?GQ?QCVNJGA?CQ
    N?P?CJ?Q

    9A
    3I= ?RJFC=; J;L; IM ;NF?N;M KO? ; M?​KOH=C; >;M MO;M M?MM™?M >? NL?CH;G?HNI L?MOFN;LŠI ?G NL?CH;G?HNI >?
    NŒ=HC=;>?G;CILKO;FC>;>?>IKO?;M?​KOH=C;>INL?CH;>IL;HN?LCIL
    =IGNL?CH;G?HNI>?J?MIIO>?CHN?LP;FI
    ;HN?M >I NL?CH;G?HNI >; NŒ=HC=;  3I= ?RJFC=; J;L; ?F?M KO?
     =IGI ;NF?N;M >? =;GJI
     ?F?M HŠI =IHM?AO?G
    >?M?HPIFP?L@IL‹;?JINH=C;G†RCG;MHIMM?OM?P?HNIM>?M;FNI?;LL?G?MMIKO;H>I@;NCA;>IM NŒ=HC=;J;L;
    NI>IM IM ?P?HNIM >? =;GJI ?HPIFP? ; =IIL>?H;‹ŠI >;M V<L;M d OM=OF;i ?M >?HNLI >? OG d šM=OFI ?MJ?=V=I

    <?G=IGI;=IIL>?H;‹ŠI>?GOCNIM​GšM=OFIM>?HNLI>?M?OM=ILJIMJ;L;JLI>OTCL;JINH=C;G†RCG; 0??F?M
    L?;​FC​T;G NL?CH;G?HNI =IG J?MI ? NL?CH;G?HNI CHN?LP;F;>I ;HN?M >I NL?CHI >? NŒ=HC=;
     ?F?M ?MN;LŠI @;NCA;>IM
    KO;H>I VT?L?G I NL?CH;G?HNI >; NŒ=HC=;  &MMI GO>;L† I L?=LON;G?HNI >;M V<L;M Gl M=OF;L\M >?HNLI >IM
    GšM=OFIMONCFCT;>IM?;=IIL>?H;‹ŠI>?P†LCIM​GšM=OFIM?HPIFPC>IM=IGM?OM?P?HNIM?MJ?=V=IM +;JL†NC=;

    CMMIMCAHCV=;KO?M??F?MJL;NC=;L?G;NŒ=HC=;J;L;M?OM?P?HNIM>?=;GJI;J•MIONLIMNCJIM>?NL?CH;G?HNI
    KO?L?MOFN;G?G@;>CA;
    ?F?M?MN;LŠI;JL?H>?H>I;L?;​FC​T;LM?OM?P?HNIM?MJ?=V=IM@;NCA;>IM
    IKO?MCAHCV=;
    KO?L?=LON;LŠIMO;MV<L;Md OM=OF;i ?M>?HNLI>?OGd šM=OFI?P†LCIMd šM=OFIM?HPIFPC>IM=IGM?OM?P?HNIM
    ?G OG GI>I F?P?G?HN? >C@?L?HN? =IGJ;L;>I ‰ L?;​FC​T;‹ŠI >I ?P?HNI KO;H>I HŠI ?MNCP?L?G @;NCA;>IM  &MMI
    MCAHCV=; KO? ?F?M ?MN;LŠI ?HMCH;H>I ; MC G?MGIM OG; NŒ=HC=; F?P?G?HN? >C@?L?HN? IO CGJL•JLC; J;L; M?OM
    ?P?HNIM  3I= J?>? ; ?F?M J;L; >;L?G P†LC;M M?G;H;M ‰ MO; M?​KOH=C; >? NL?CH;G?HNI ; VG >? JLIP;L
     ?
    =IHVLG;L
    KO?PI=?MN†=IHV;HN?>?KO??F?MP?LŠIG?FBIL;MH;MMO;MNŒ=HC=;M?MJ?=V=;M

    6<
    5MA‘PCQNMLQŠTCJNMPSK?AJ?QQCBCRPCGL?KCLRMBCNCQMN?P?GLGAG?LRCQ5MA‘CQRŠAGCLRCBCOSCN?P?K?LRCP?@M?
    DMPK?ECP?JQŽMPC?​JG​X?BMQ?AMLHSLRMQBCA?B?CVCPA”AGMTCP"?N”RSJM $LRPCR?LRM TMA‘RCKSK?OS?LRGB?BC
    BCRCKNMKSGRMJGKGR?B?N?P?RPCGL?PNCQMAMKQS?AJ?QQC(LGAG?JKCLRC OS?LRMQAMLHSLRMQTMA‘B?PŠN?P?QS?AJ?QQC
    PC?​JG​X?P0S?J?@?QC¤QGMJ™EGA?B??@MPB?ECKOSCTMA‘CQAMJFCSGKNJCKCLR?P

    9A
    >;JN;‹™?MH?OL;CMMŠIIJLCH=CJ;FGINCPIJ;L;A;HBIM>?@IL‹;>OL;HN?;MJLCG?CL;MM?G;H;M>?OGJLIAL;G;
    >? NL?CH;G?HNI =IG J?MIM  "MM;M ;>;JN;‹™?M CH=FO?G I L?=LON;G?HNI >? ​GšM=OFIM ?MJ?=V=IM HI GIG?HNI
    =ILL?NI ? H; IL>?G ;JLIJLC;>; >OL;HN? I GIPCG?HNI >? ?R?L==CI ? L?=LON;L GCHCG;G?HN? IM ​GšM=OFIM
    ;HN;AIHCMN;MJ;L;IGIPCG?HNI>?M?D;>I "MM;M;>;JN;‹™?MH?OL;CM;=IHN?=?G?GAL;H>?G?>C>;M?MŠIL?;​FC​
    T;>IM 
      IO  =IHDOHNIM >? OG ?R?L==CI  -;L; J?LGCNCL KO? PI= N?HB; G;CM N?GJI >OL;HN? ;M M?MM™?M >?
    NL?CH;G?HNI CHC=C;CM J;L; =ILLCACL ; NŒ=HC=; >? ?R?L==CI >IM ;FOHIM L?;​FC​T;H>I OG ?R?L==CI KO? PI= ?M=IFB?O

    @;‹;=IGKO?MO;=F;MM?L?;FCT?;J?H;MOG=IHDOHNI>?=;>;?R?L==CI !?PC>I‰M;>;JN;‹™?MH?OL;CM
    IM;FOHIM
    ;CH>;P?LŠIA;HBIMMCAHCV=;NCPIM>?@IL‹;>OL;HN?;MJLCG?CL;M>;MGOCN;MM?G;H;M>??R?L==CI #ICGIMNL;>I
    KO?;@;M??R=HNLC=;>;L?J?NC‹ŠIG?>?C;IMA;HBIML†JC>IM>?@IL‹;HICH=CI>?OGJLIAL;G;>?NL?CH;G?HNI
    >?L?MCMNH=C; !?JICMKO?;FOHIMNCP?L?G>IGCH;>I;NŒ=HC=;JL•JLC;;I?R?L==CI
    PI=;OG?HN;L†;KO;HNC>;>?
    >?=IHDOHNIML?;​FC​T;>IMJ;L;IOJIL?R?L==CI
    D†KO?;M;>;JN;‹™?M;INL?CH;G?HNIJ?LGCN?GKO?IM;FOHIM
    NIF?L?GL?;​FC​T;LOG;KO;HNC>;>?;OG?HN;>;>?M?MM™?MJIL?R?L==CI >C=CIH;FG?HN?
    ;J?MMI;>?P??R;GCH;L
    =OC>;>IM;G?HN?;NIF?L‡H=C;‰KO;HNC>;>?>?NL;<;FBIL?;​FC​T;>I?GOG?R?L==CI>?NL?CH;G?HNI=IGJ?MIM

    #% @$%

    . QGQRCK? LCPTMQM GLRCP?EC AMK A?B? QGQRCK? ¤QGMJ™EGAM BM AMPNM 2GL?GQ LCSP?GQ  ?NPCQCLR?BMQ L? DMPK? BC ?RGTGB?BC
    CJRPGA?  RP?LQKGRC ? GLDMPK?ŽM QM@PC MQ ?K@GCLRCQ CVRCPLM C GLRCPLM BM AMPNM $QQCQ QGL?GQ LŽM Q™ NCPKGRCK ?
    FMKCMQR?QG?LMPK?JBCPCNMSQMBMAMPNM AMKMR?K@KNMQQG@GJGR?KOSCMAMPNM?JA?LACSKCQR?BM¤QGMJ™EGAMCVAGR?BM
    MSPCQNMQR?BCYJSR?MSDSE?^BSP?LRCCVCPA”AGMGLRCLQMMSCQRPCQQC¤QGMJ™EGAM
    .CLAD?JMC?KCBSJ?CQNGL?JDMPK?K?N?PRCACLRP?JBMQGQRCK?LCPTMQM OSCDSLAGML?AMKMMAMLRPMJ?BMPNPGKŠPGMBC
    RMB?Q?Q?CQAMPNMP?GQ N?PRCNCPGDPGA?BMQGQRCK?LCPTMQMGLAJSGMQLCPTMQOSCLŽMCQRŽMLMCLAD?JMMSL?KCBSJ?
    CQNGL?JCAMLCAR?RMB?Q?QN?PRCQBMAMPNMAMK?N?PRCACLRP?JBMQGQRCK?LCPTMQM N?PRCNCPGDPGA?BMQGQRCK?LCPTMQM
    QCLQGRGTM PCAC@CCQR”KSJMQ ?N?PRCACLRP?JBMQGQRCK?LCPTMQMMQGLRCPNPCR?CCLRŽM?N?PRCNCPGDPGA?BMQGQRCK?LCPTMQM
    KMRMP GLGAG??QPCQNMQR?Q BGTGQŽMQMKŠRGA?BMQGQRCK?LCPTMQMAMLRPMJ??QDSLCQOSCCQRŽMQM@MAMLRPMJCTMJSLRŠPGM
    AMLQAGCLRC  AMKM MQ ​KžQASJMQ CQOSCJRGAMQ  BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM  L? K?GMP N?PRC LCPTMQ KMRMPCQ
    AMLRPMJ? ?Q DSLCQ BMQ ​KžQASJMQ JGQMQ GLTMJSLRŠPGMQ  BMQ ​KžQASJMQ A?PB”?​AMQ C B?Q EJ‹LBSJ?Q  BGTGQŽM ?SRšLMK? BM
    QGQRCK? LCPTMQM DMPLCAC ? OS?QC RMBMQ MQ ™PEŽMQ SK AMLHSLRM BSNJM BC LCPTMQ Z MQ QGQRCK?Q LCPTMQMQ QGKNŠRGAM C
    N?P?QQGKNŠRGAM $QQCQ QGQRCK?Q ECP?JKCLRC  K?Q LŽM QCKNPC  RP?@?JF?K CK MNMQGŽM SK ?M MSRPM N CV  M QGQRCK?
    QGKNŠRGAM ?SKCLR? ? DPC​OS‘LAG? A?PB”?​A? C M QGQRCK? N?P?QQGKNŠRGAM ? BGKGLSG  . QGQRCK? QGKNŠRGAM ?RGT? C NPCN?P? M
    AMPNMN?P??RGTGB?BC​KSQASJ?PTGEMPMQ? CQRPCQQCCCKCPE‘LAG?Q CLOS?LRMMQGQRCK?N?P?QQGKNŠRGAMBGKGLSGMCVAGR?KCLRM
    CNPCBMKGL?CKQGRS?CQLMPK?GQMSBCPCNMSQM.QGQRCK?LCPTMQMAMK?LB?MKMTGKCLRMNCJMAMLRPMJCB??RGTGB?BC​
    KSQASJ?P /?P? AMLRPMJ?P ? DMP? NPMBSXGB? NMP SK ​KžQASJM  ? OS?LRGB?BC BC SLGB?BCQ KMRMP?Q PCAPSR?B?Q C ? R?V? BC
    AMBG¤A?ŽM BC A?B? SLGB?BC KMRMP? NMBCK QCP T?PG?B?Q . BCQCKNCLFM BC OS?QC RMB?Q ?Q ?RGTGB?BCQ C F?@GJGB?BCQ
    CQNMPRGT?QPCOSCPMPCAPSR?KCLRM?BCOS?BMBCSLGB?BCQKMRMP?QN?P?BCQCLTMJTCP?DMP?LCACQQŠPG? L?MPBCKAMPPCR?C
    LMRCKNMACPRM B?NR?CQBMQGQRCK?LCPTMQMGLBSXGB?QNCJMRPCGL?KCLRMQŽM?@?QCBMRPCGL?KCLRMBCF?@GJGB?BCQN?P?
    OS?JOSCP ?RGTGB?BC D”QGA? C QCPTCK N?P? KCJFMP?P M BCQCKNCLFM D”QGAM -M NP™VGKM A?N”RSJM  QCPŠ TGQRM OSC M QGQRCK?
    LCPTMQMGKNMPR?LRCN?P??DSLŽMA?PBGMT?QASJ?P

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    N?PRC========BMQGQRCK?LCPTMQMCQRGKSJ??DPC​OS‘LAG?A?PB”?​A???SKCLR?P CLOS?LRM?N?PRC=======BMQGQRCK?
    LCPTMQMCQRGKSJ??BCQ?ACJCP?ŽM
    QSLGB?BCQKMRMP?QAMKNMQR?QNMP¤@P?Q=========QŽMRGNGA?KCLRCPCAPSR?B?QNPGKCGP?KCLRCBCTGBM?MJGKG?PBC
    PCAPSR?KCLRM=========BCQCSQLCSPšLGMQ
    0S?LBMSKJGKG?PBC?RGT?ŽM?JA?L?BMCKSK?SLGB?BCKMRMP? =========B?Q¤@P?Q h SQASJ?
    mCQBCSK?SLGB?BC
    KMRMP?QCPŽM?RGT?B?QQCMJGKG?PLŽMDMP?JA?L?BM =========B?Q¤@P?Qh SQASJ?mCQL?SLGB?BCKMRMP?QCPŠ?RGT?B?
     QMK?ŽMAMKNJCR?B?QAMLRP?CQGLBSXGB?QNCJMQGKNSJQMQLCPTMQMQAF?K?B?BC========= OSCPCQSJR?L?DMP?
    KŠVGK?OSCSK?SLGB?BCKMRMP?NMBCBCQCLTMJTCP
     P?NGBCXAMKOSCMQNMRCLAG?GQBC?ŽMQŽMBGQN?P?BMQCKSK?VšLGMKMRMP?HSB??AMLRPMJ?P?DMP?NPMBSXGB?NMP
    SK?SLGB?BCKMRMP?$QQCNPMACQQMAF?K?BMBC=========
    n8@5<8-1?/;84-
    0S?JB?Q?¤PK?CQ?QCESGPTCPB?BCGP?QM@PCMLCSPšLGM
    ? #CLBPGRMQA?PPCE?KGKNSJQMQL?BGPCŽMBMAMPNMACJSJ?P
    @ VšLGMQA?PPCE?KGKNSJQMQN?P?DMP?BMAMPNMACJSJ?P
    A XML?BCBGQN?PM?VšLGAMCQRŠCLRPCM?VšLGMCMAMPNMACJSJ?P
    B 4KLCSPšLGMAMLRPMJ?RMB?Q?Q¤@P?Qh SQASJ?mCQCKSK?SLGB?BCKMRMP?
    C 3MB?Q?QPCQNMQR?Q?LRCPGMPCQ
    0S?JB?Q?¤PK?CQ?QCESGPTCPB?BCGP?QM@PC?SLGB?BCKMRMP?
    ? 4LGB?BCQKMRMP?QKCLMPCQCK?GQJ?PE?QQŽMA?N?XCQBCNPMBSXGP?KCQK?OS?LRGB?BCBCDMP?KŠVGK?
    @ $KKBG? N?P?RMBMQMQ​KžQASJMQBMAMPNM ACPA?BCLCSPšLGMQAMLRPMJ?K?¤@P? h SQASJ?P
    A OS?LRGB?BCBC¤@P?Qh SQASJ?mCQCKSK?SLGB?BCKMRMP?BCNCLBCBMR?K?LFMBMAMLRPMJC¤LMLCACQQŠPGMN?P?
    QS?DSLŽM
    B 4LGB?BCQKMRMP?QB?​KSQASJ?RSP?OSCAMLRPMJ?MAPGQR?JGLMBMMJFMR‘K¤@P?Qh SQASJ?mCQ
    C 4K?SLGB?BCKMRMP?AMLQGQRCCKSKLCSPšLGMKMRMP@CR?CQS?Q¤@P?Q h SQASJ?
    mCQCQOSCJRGA?Q?QQMAG?B?Q
    0S?JB?Q?¤PK?CQ?QCESGPLŽMTCPB?BCGP?QM@PC?AMLBSŽMQ?JR?R™PG?
    ? $J?NCPKGRCOSCMNMRCLAG?JBC?ŽMYQ?JRC^BCSKLMBMBC1?LTGCPN?P?MNP™VGKM
    @ $J??SKCLR??TCJMAGB?BCB?RP?LQKGQQŽMLCPTMQ?
    A $J?AMLQCPT?CLCPEG?
    B $J?MAMPPC?NCL?QCK¤@P?QLŽMKGCJGLGX?B?Q
    C $J?SRGJGX?MKMTGKCLRMBCBGDCPCLRCQ”M​LQ
     0S?J?GQ B?Q?¤PK?CQ?QCESGPQŽM CVACŽMCQ ?MNPGLA”NGMBMR?K?LFMN?P?MPCAPSR?KCLRM
    ? 1CAPSR?PSLGB?BCQKMRMP?QRGNM((BC?JRMJGKG?PNPGKCGP?KCLRC
    @ -ŽMPCAPSR?PSLGB?BCQKMRMP?QBCJGKG?P@?GVMNPGKCGP?KCLRC
    A 1CAPSR?P?QSLGB?BCQKMRMP?QJCLR?Q?LRCQB?QPŠNGB?Q
    B -CLFSK?B?QMNCQ
    C C!
     0S?JB?Q?¤PK?CQ?QCESGPLŽMTCPB?BCGP?QM@PC?QSLGB?BCQKMRMP?QP?NGB?KCLRCD?RGEŠTCGQ
    ? $J?QR‘K?VšLGMQKMRMPCQK?GMPCQ
    @ $J?Q?NPCQCLR?K¤@P?Q
    h SQASJ?mCQRGNM(
    A $J?Q?NPCQCLR?K¤@P?Q
    h SQASJ?mCQRGNM((7
    B #MQRGNMQBCSLGB?BCQKMRMP?Q CJ?QBCQCLTMJTCK?K?GMPDMP?
    )1>0-015>;;A2-8?;
    PCQNMQR?JSR?MSDSE?A?SQ?B?NCJ?CQRGKSJ?ŽMBMAMKNMLCLRCQGKNŠRGAMB?BGTGQŽM?SRšLMK?BMQGQRCK?LCPTMQM
    3MB?Q?Q¤@P?Q
    h SQASJ?mCQBCSK?žLGA?SLGB?BCKMRMP?QŽMBMKCQKMRGNM0, ( (( MS((7 
    #SP?LRCSKNMRCLAG?JBC?ŽM ?PCNMJ?PGX?ŽMMAMPPC?LRCQB?BCQNMJ?PGX?ŽM
     4K?SKCLRMLM+90=,LCSP?JKŠVGKMN?P?SK​KžQASJM?SKCLR??DMP?
     4LGB?BCQKMRMP?QJCLR?QQŽMAMKNMQR?QNMP¤@P?Q
    h SQASJ?mCQRGNM(
    $A1?@m1?;.61@5B-?
    %MPLC?CCVNJGOSCSKCVCKNJMBCSK??J?BCPCRPM?JGKCLR?ŽMNMQGRGT?BSP?LRCMCVCPA”AGM
    $VNJGOSCMQBGDCPCLRCQCQRŠEGMQBMNMRCLAG?JBC?ŽM MSQCH? ?BCQNMJ?PGX?ŽMC?PCNMJ?PGX?ŽM CMKMTGKCLRMBC”M​LQ
    OSCMAMPPCCKA?B?SKBCJCQ
    0S?J?T?LR?ECKBMNPGLA”NGMBMR?K?LFMBMPCAPSR?KCLRMBCSLGB?BCQKMRMP?QBSP?LRCSK??RGTGB?BCAMKMAMPPCP
    JCLR?KCLRC
     3MB?Q?Q¤@P?Q
    h SQASJ?mCQQŽMPCAPSR?B?QOS?LBMSKNCQMJCTCJCT?LR?BM$VNJGOSCNMPOSCQGKMSNMPOSCLŽM
     . OSC AMLRPG@SG N?P? ?Q KSB?L?Q L? DMP? ​KSQASJ?P GLBSXGB?Q NCJM RPCGL?KCLRM QCK FGNCPRPM¤? QGELG¤A?RGT? LM
    KžQASJM
    #1:?-91:@;/>h@5/;
    #CQAPCT?MOSCA?SQ?MNMRCLAG?JBCPCNMSQMCKSK?VšLGMMSLCSPšLGMCCLRŽMBGQASR?AMKMMKMTGKCLRMBC”M​LQ
    A?SQ?SKNMRCLAG?JBC?ŽM
    #GQASR??Q?B?NR?CQLCSP?GQOSCNMBCPG?K?SKCLR?PMBCQCKNCLFMD”QGAM

    "#&

    35D9<3?<9>1 LCSPMRP?LQKGQQMP JG@CP?BM CK QGL?NQCQ KMRMP?Q C HSLCQ LCSPM​KSQASJ?​PCQ ?RGTM L? RP?LQKGQQŽM BMQ
    GKNSJQMQLCPTMQMQ
    Ht>9?N?PRCBCSKLCSPšLGMOSCA?PPCE?SKGKNSJQMBMAMPNMACJSJ?PN?P?MSRPMLCSPšLGMMSRCAGBMPCACNRMP ?JTMN
    CV ​KžQASJM CJCAF?K?BM?JESK?QTCXCQBC¤@P?LCPTMQ?
    19>8145=95<9>1AM@CPRSP?@P?LA?PGA?CKJGN”BGMQEMPBSP? OSCPCAM@PCMQ?VšLGMQ DMPLCACGQMJ?KCLRMCK?LRK?
    DMP?BMQGL?JCJRPGAMBMNMRCLAG?JBC?ŽMAMLDMPKCCJC?RP?TCQQ?M?VšLGM
    ?=2145$1K!QGQRCK?BC@MK@C?KCLRMOSCBCNCLBCBCCLCPEG?CPCQR?SP?MNMRCLAG?JBCPCNMSQMB?KCK@P?L?
    NCJ?PCKMŽM?RGT?BC”M​LQ-? BCBCLRPMBMLCSPšLGMCBC”M​LQ* DMP?BMLCSPšLGMN?P?BCLRPMBCJC
    E<2?N?PRCBMCLAD?JMGLAMLQAGCLRCPCESJ?MAMP?ŽM ?PCQNGP?ŽM ?NPCQQŽMQ?LES”​LC?CMQPC¥CVMQAMKMBCEJSRGŽM
    QMJSM CQNGPPMCTšKGRM
    5B525<?N?PRCBMCLAD?JMGLAMLQAGCLRC PCESJ??AMMPBCL?ŽM​KSQASJ?PCAMMPBCL?MCOSGJ”@PGMC?NMQRSP?LMPK?J
    ?>4Ekj?<?31<AMLBSŽMBCGKNSJQMQLCPTMQMQCKLCPTMQLŽMKGCJGLGX?BMQLMQOS?GQ?AMPPCLRCGšLGA?¥SG?MJMLEMBC
    RMBMMAMKNPGKCLRMBM?VšLGM
    ?>4Ekj? C1<D1DsB91 AMLBSŽM BC GKNSJQMQ LCPTMQMQ CK LCPTMQ KGCJGLGX?BMQ LMQ OS?GQ M NMRCLAG?J BC ?ŽM YQ?JR?^ BC
    LMBMBC1?LTGCPCKLMBMBC1?LTGCP
    ?>DB1kj?NCP”M​BM@PCTCBC?RGT?ŽM​KSQASJ?PNPMBSXGB?NCJM​KžQASJMCKPCQNMQR??SKžLGAMGKNSJQMLCPTMQM
    ?B@?35<E<1BC?=1?N?PRCBMLCSPšLGMOSCAMLRKMLžAJCM ?KGRMAšLBPG? MQPG@MQQMKMQCMSRPMQAMKNMLCLRCQ
    ACJSJ?PCQ
    l<E<1C45)38G1>>AJSJ?QOSCNPMBSXCKCK?LR‘K?@?GLF?BCKGCJGL?
    lB52B?PCEGŽMBMCLAD?JMOSCAMLQGQRCLMQFCKGQDPGMQBGPCGRMCCQOSCPBM GKNMPR?LRCN?P?MAMLRPMJCBMQKMTGKCLRMQ
    AMLQAGCLRCQ
    sBD5H=?D?B​ŠPC?LMJM@MDPMLR?JBMAPC@PMPCQNMLQŠTCJNCJMAMLRPMJCKMRMPNPGKŠPGM
    5>4B9D?N?PRCBMLCSPšLGMOSCPCAC@CGLDMPK?ŽMGKNSJQMQ C?CLTG?N?P?MAMPNMACJSJ?P
    5C@?<1B9J1kj?PCBSŽML?NMJ?PGB?BCBMNMRCLAG?JBCPCNMSQMB?KCK@P?L?ZK5 N?P?SKT?JMPK?GQNMQGRGTM 
    K5 B?KCK@P?L?BCSKLCSPšLGM
    9F9Cj?C?=1D?CC5>C?B91<4?C9CD5=1>5BF?C?BGTGQŽMB?N?PRCNCPGDPGA?BMQGQRCK?LCPTMQMOSCAMLRPMJ??NCPACNŽM
    AMLQAGCLRCBM?K@GCLRCCVRCPLMCB?QPCQNMQR?QKMRMP?Q
    H39D129<94145A?N?AGB?BCBCSKLCSPšLGMMSBCSK?¤@P? h SQASJ?PN?P?PCQNMLBCP?SKGKNSJQMCJRPGAM
    9@?Dg<1=?ACLRPMFMKCMQRŠRGAMBMCLAD?JMPCESJ??R?V?KCR?@™JGA? ?RCKNCP?RSP?AMPNMP?J ?QCBC ?NPCQQŽMQ?LES”​
    LC? MCOSGJ”@PGMBCŠES?C?DSLŽMCLB™APGL?
    ?=5?CD1C91 A?N?AGB?BC BC SK MPE?LGQKM MS SK? AJSJ? BC K?LRCP M COSGJ”@PGM GLRCPLM NCJM ?HSQRC BMQ NPMACQQMQ
    ¤QGMJ™EGAMQN?P?K?LRCP?DSLŽMBCLRPMBMQJGKGRCQ¤QGMJ™EGAMQLMPCNMSQMMSBSP?LRCMCVCPA”AGM
    =@E<C? >5BF?C? @?D5>391< 45 1kj? GKNSJQM L? DMPK? BC CLCPEG? CJRPGA? OSC NCPAMPPC SK ?VšLGM BCTGBM ?M
    KMTGKCLRMBC”M​LQA?PPCE?BMQQCKMTCLBMN?P?BCLRPMCN?P?DMP?B?AJSJ?
    >D5B>5EBt>9?CLCSPšLGMQCQNCAG?GQ JMA?JGX?BMQ?NCL?QL?N?PRCACLRP?JBMQGQRCK?LCPTMQM OSCAMLCAR?KSKLCSPšLGM
    ?MSRPM
    "594?DE4??E>141OS?LBMSKJGKG?PN?P??RGT?ŽM?JA?L?BM RMB?Q?Q¤@P?Qh SQASJ?mCQCKSK?SLGB?BCKMRMP?QŽM
    ?RGT?B?QQCMJGKG?PN?P??RGT?ŽMLŽM?JA?L?BM LCLFSK?B?Q¤@P?Q h SQASJ?mCQ?RGT?B?
    "971>D5LCSPMRP?LQKGQQMP FMPKšLGMMSQS@QR‹LAG?OS”​KGA?OSCGLRCP?ECAMKSK?NPMRC”​L?PCACNRMP?
    #95<9>9J14?C?VšLGMQBMQLCPTMQOSCR‘K@?GLF?BCKGCJGL?
    $5BF?C 1EDt>?=?C >5EBt>9?C =?D?B5C LCPTMQ B? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM  DMP? B? N?PRC ACLRP?J BM
    QGQRCK?LCPTMQM
    $5EB?DB1>C=9CC?B QS@QR‹LAG? OS”​KGA? JG@CP?B? NMP SK LCSPšLGM OSC QC BGDSLBC NMP SK? NCOSCL? DCLB? C ?RGT? MQ
    PCACNRMPCQL?AJSJ? ?JTM
    $5EBt>9? =?D?B 1<61 1 LCSPšLGM OSC AMLRPMJ? ? ?RGTGB?BC BM ​KžQASJM CQOSCJRGAM CJC  AMKNMQRM NMP BCLBPGRMQ
    PCJ?RGT?KCLRCASPRMQOSCPCAC@CK?GLDMPK?ŽM SKAMPNMACJSJ?PC?VšLGMQJMLEMQOSCA?PPCE?KMGKNSJQMBMAMPNM
    ACJSJ?PN?P??HSLŽMLCSPM​KSQASJ?P OSCD?X?GLRCPD?ACAMK?¤@P?h SQASJ?P
    $5EBt>9?AJSJ?CQNCAG?JGX?B?CKRP?LQKGRGPQGL?GQCJRPGAMQ
    $5EBt>9?C=?D?B5C565B5>D5LCSPšLGMQOSCRP?LQKGRCKGKNSJQMQB?N?PRCACLRP?JBMQGQRCK?LCPTMQMN?P?M​KžQASJM
    $5EBt>9?C C5>C9D9F?C 165B5>D5C LCSPšLGMQ OSC CLRP?K L? KCBSJ? CQNGL?J TGLBMQ B? NCPGDCPG? C A?PPCE?K KCLQ?ECLQ
    BMQPCACNRMPCQQCLQGRGTMQN?P??N?PRCACLRP?JBMQGQRCK?LCPTMQM
    $?4?C45(1>F95BNCOSCLMQCQN?MQL?@?GLF?BCKGCJGL?OSCMAMPPCKCKGLRCPT?JMQPCESJ?PCQ?MJMLEMBM?VšLGMC
    NCPKGRCKOSCMNMRCLAG?JBC?ŽMQ?JRCBCSKLMBMN?P?MSRPM MOSCNMQQG@GJGR?SK?AMLBSŽMK?GQPŠNGB?BMGKNSJQM
    CAMLQCPT?CLCPEG?
    &1BD54?C9CD5=1>5BF?C?35>DB1<CLAD?JMCKCBSJ?CQNGL?J
    &1BD5@5B96lB9314?C9CD5=1>5BF?C?LCPTMQOSCRP?LQKGRCKGLDMPK?ŽMN?P?CB?N?PRCACLRP?JBMQGQRCK?LCPTMQM
    &?D5>391< 45 1kj? 9=@E<C? >5BF?C? GKNSJQM L? DMPK? BC CLCPEG? CJRPGA? OSC NCPAMPPC SK LCSPšLGM AMLDMPKC QS?
    KCK@P?L?KSB?BCZK5N?P? K5CBCTMJR?N?P?ZK5 BCTGBM?MKMTGKCLRMBC”M​LQA?PPCE?BMQQCKMTCLBM
    N?P?BCLRPMCN?P?DMP?B?AJSJ?
    &B9>3o@9? 4? D1=1>8? NPGLA”NGM OSC CVNJGA? AMKM M QGQRCK? LCPTMQM PCAPSR? SLGB?BCQ KMRMP?Q GL​BG​TG​BS?GQ BC SK?
    K?LCGP?MPBCL?B? NPCTGQ”TCJ B?QSLGB?BCQKMRMP?QKCLMPCQN?P??QK?GMPCQ
    (535@D?B Q”RGM CQNCAG?JGX?BM L? AJSJ? ?JTM ?RGT?BM NCJMQ LCSPMRP?LQKGQQMPCQ NPMRC”​L? OSC  CLAMLRP?B? L? KCK@P?L?
    ACJSJ?PMSBCLRPMBMAGRMNJ?QK?MSBMLžAJCMOSCQCJGE?PŠ?SKJGE?LRC
    (53BED1=5>D?45CC9>3B?>9J14??JRCPL‹LAG?BMPCAPSR?KCLRMB?QSLGB?BCQKMRMP?QOS?LBM?QLCACQQGB?BCQBCNPMBSŽM
    BCDMP?QŽM@?GV?Q
    (5@?<1B9J1kj?PCQR?SP?ŽMB?KCK@P?L?BCTMJR?N?P?QCSNMRCLAG?JBCPCNMSQMMPGEGL?JZK5 ?N™Q?BCQNMJ?PGX?ŽM
     K5 
    )9>1@C5NMLRMBCAMLCVŽMCAMKSLGA?ŽMCLRPCAJSJ?QCVAGRŠTCGQ
    )?=1 3?B@? 35<E<1B N?PRC BM LCSPšLGM OSC AMLRK M LžAJCM  ? KGRMAšLBPG?  MQ PG@MQQMKMQ C MSRPMQ AMLQRGRSGLRCQ
    ACJSJ?PCQ
    )?=1kj? 45 E>94145C =?D?B1C =w<D9@<1C KRMBM BC T?PG?P ? DMP? NPMBSXGB? NMP SK ​KžQASJM NCJ? ?RGT?ŽM BC
    OS?LRGB?BCQBGDCPCLRCQBCSLGB?BCQKMRMP?QBCLRPMBMKCQKM​KžQASJM
    *5D1>91 QMK?ŽM BC AMLRP?CQ NPMTMA?B?Q NCJMQ GKNSJQMQ LCPTMQMQ OSC PCQSJR? L? DMP? KŠVGK? OSC SK? SLGB?BC
    KMRMP?NMBCBCQCLTMJTCP
    *B1>C6?B=1kj? 45 5>5B791 AMLTCPQŽM BC SK? DMPK? BC CLCPEG? CK MSRP? L? RP?LQKGQQŽM BC SK NMRCLAG?J BC ?ŽM  ?
    CLCPEG?CJRPGA?RP?LQDMPK?B?CKCLCPEG?OS”​KGA?N?P??RP?TCQQ?PSK?QGL?NQCMSSK?HSLŽMLCSPM​KSQASJ?P
    +>94145=?D?B1LCSPšLGMKMRMP?JD?CQS?Q¤@P?Qh SQASJ?mCQ?QQMAG?B?Q
    0?>1 45 49C@1B? 1Ht>93? N?PRC BM LCSPšLGM CK OSC ? QMK?ŽM B? GLDMPK?ŽM PCAC@GB?  NPMACQQ?B? QC M JGKG?P 
    ?JA?L?BM SKGKNSJQMRP?LQKGRGBMNCJM?VšLGM

    "?#

     LBCPQML3 *C?PLCW)3$DDCARQMDRFPCCPCQGQR?LACRP?GLGLENPMEP?KQMLKSQASJ?PQRPCLERF?LB?@QMJSRC?LBPCJ?RGTC


    CLBSP?LAC1CQ0$VCPA2NMPR
     !JCQQGLE663FC+MUCP!P?GLQRCK?LB!MBGJW'MKCMQR?QGQ-CU8MPI -8.VDMPB4LGTCPQGRW/PCQQ 
     !SPIC 1$  +CTGLC #-  9?H?A %$  CR ?J ,?KK?JG?L KMRMP SLGRQ /FWQGMJMEGA?JZFGQRMAFCKGA?J AMPPCJ?RGMLQ MD RFPCC
    RWNCQGLA?RE?QRPMALCKGSQ2AGCLAC
     #CQAFCLCQ, )SBCJQML# *P?CKCP6) CR?J$DDCARQMDPCQGQR?LACRP?GLGLEMLLCSPMKSQASJ?PHSLARGMLKMPNFMJMEW
    ,SQAJC?LB-CPTC
     #CQAFCLCQ, ,?PCQF", "PGTCJJM)% CR?J3FCCDDCARQMDCVCPAGQCRP?GLGLEMDBGDDCPCLRGLRCLQGRGCQMLLCSPMKSQASJ?P
    HSLARGMLKMPNFMJMEW)-CSPMAWRMJ
     #CQAFCLCQ,1 &GJCQ) ,A"MW16 CR?J-CSP?JD?ARMPQ?AAMSLRDMPQRPCLERFBCAPCKCLRQM@QCPTCBDMJJMUGLEQFMPR
    RCPKKSQAJCSLJM?BGLE K)/FWQGMJ 1CESJ(LRCEP"MKN/FWQGMJ1Z1
     #MPJMAFRCP, (PGLRAFCT !PGLICPQ, CR?J$DDCARQMDCLF?LACB?ARGTGRWMLQWL?NRGARP?LQKGQQGMLGLKMSQCCVRCLQMP
    BGEGRMPSKJMLESQKSQAJC)/FWQGMJ
     #SAF?RC?S )  2CKKJCP )&  $LMI? 1, 3P?GLGLE ?B?NR?RGMLQ GL RFC @CF?TGMP MD FSK?L KMRMP SLGRQ ) NNJ /FWQGMJ
    
     %PCLAF #-  *P?CKCP 6)  5MJCI )2  CR ?J LRGAGN?RMPW PCQNMLQCQ MD A?RCAFMJ?KGLCQ ML KSQAJC DMPAC NPMBSARGML )
    NNJ/FWQGMJ
     &?@PGCJ #  *?KCL &  %PMQR & -CSP?J ?B?NR?RGMLQ RM PCQGQRGTC CVCPAGQC ,CAF?LGQKQ ?LB PCAMKKCLB?RGMLQ DMP
    RP?GLGLENP?ARGACQ2NMPRQ,CB
     &MPBML 3  3FMK?Q "*  ,SLQML )!  CR ?J 3FC PCQGJGCLAC MD RFC QGXC NPGLAGNJC GL RFC MPE?LGX?RGML MD KMRMP SLGR
    NPMNCPRGCQGLLMPK?J?LBPCGLLCPT?RCB?BSJRQICJCR?JKSQAJCQ"?L)/FWQGMJ/F?PK?AMJ
     '?IIGLCL *  *?JJGLCL ,  (XOSGCPBM ,  CR ?J "F?LECQ GL ?EMLGQRZ?LR?EMLGQR $,&  KSQAJC "2  ?LB DMPAC BSPGLE
    QRPCLERFRP?GLGLEGLKGBBJC ?ECB?LBMJBCPNCMNJC) NNJ/FWQGMJ
     '?PPGQ# 'CLLCK?L$(BCLRG¤A?RGMLMDRUMQNCAGCQMD?JNF?KMRMLCSPMLQGLA?RQNJ?LR?PGQNMMJ)-CSPMNFWQGMJ
    
     '?PRC )+  $GDCPR &' 3FC CDDCARQ MD PSLLGLE  CLTGPMLKCLR  ?LB ?RRCLRGML?J DMASQ ML ?RFJCRCQ A?RCAFMJ?KGLC ?LB
    AMPRGQMJJCTCJQ?LBKMMB/QWAFMNFWQGMJMEW
     'CLLCK?L $  "J?K?LL '/  &GJJGCQ )#  CR ?J 1?LI MPBCP MD KMRMLCSPMLQ UGRFGL ? NMMJ +?U MD AMK@GL?RGML )
    -CSPMNFWQGMJ
     'CLLCK?L$ '?PPGQ#(BCLRG¤A?RGMLMDD?QR?LBQJMU¤PGLERWNCQMDKMRMLCSPMLQGLRFCQ?KCNMMJ/PME!P?GL1CQ
    
     'CLLCK?L$ .JQML"!1CJ?RGMLQ@CRUCCLQRPSARSPC?LBDSLARGMLGLRFCBCQGELMDQICJCR?JKSQAJCQ)-CSPMNFWQGMJ
    
     'CLLCK?L $  2MKHCL &  "?PNCLRCP #. $VAGR?@GJGRW ?LB GLFG@GR?@GJGRW MD KMRMLCSPMLQ MD BGDDCPCLR QGXCQ )
    -CSPMNFWQGMJ
     'CLLCK?L$ 2MKHCL& "?PNCLRCP#.%SLARGML?JQGELG¤A?LACMDACJJQGXCGLQNGL?JKMRMLCSPMLQ)-CSPMNFWQGMJ
    
     'SAFM% CB-CSPMRP?LQKGRRCP1CACNRMPQ$JQCTGCP 
     *?KCL& 1MW ,MRMPSLGRQWLAFPMLGX?RGMLGLWMSLE?LBCJBCPJW?BSJRQ$SP) NNJ/FWQGMJ
     *P?FCL@SFJ&2 BPCL?JGLC ?PMSQ?J?LBQNMPR)2NMPRQ,CB
     ,A#ML?EF,) '?WU?PB", #?TGCQ"3(QMKCRPGARP?GLGLEGLFSK?LCJ@MU¥CVMPKSQAJCQ3FCCDDCARQMLTMJSLR?PW
    ?LBCJCARPGA?JJWCTMICBDMPACQ)!MLC)MGLR2SPE!P
     ,MPGR?LG 3  BC5PGCQ '  -CSP?J D?ARMPQ TCPQSQ FWNCPRPMNFW GL RFC RGKC AMSPQC MD KSQAJC QRPCLERF E?GL K ) /FWQ
    ,CB
     ,MPGR?LG3 BC5PGCQ' /MRCLRG?JDMPEPMQQKSQAJCFWNCPRPMNFWGLMJBCPKCL)&CPMLRMJ
     ,MPGR?LG3 BC5PGCQ' 1CCV?KGL?RGMLMDRFCPCJ?RGMLQFGN@CRUCCLRFCQSPD?ACGLRCEP?RCBCJCARPMKWMEP?K($,&
    ?LBDMPACMDGQMKCRPGAAMLRP?ARGML K)/FWQ,CB
     1?WKMLB "'  3QC ,  6MLE 2"6 NNJGA?RGML MD QSPD?AC CJCARPMKWMEP?NFW GL ?QQCQQGLE KSQAJC PCAPSGRKCLR
    N?RRCPLQGL?QGV KGLSRCAMLRGLSMSQPMUGLECDDMPR)2RPCLERF"MLB1CQ
     1CE?L#5GQS?JD?ARMPQGLFGRRGLE?LBA?RAFGLE)2NMPRQ2AG
     1MQQ  +CTCPGRR ,  1GCI 2 -CSP?J GL¥SCLACQ ML QNPGLR PSLLGLE 3P?GLGLE ?B?NR?RGMLQ ?LB ?ASRC PCQNMLQCQ 2NMPRQ
    ,CB
     2A?JCRR?P!'MULCSPMQCAPCRMPWTCQGAJCQPCJC?QCRFCGPA?PEM-CSPMQAGCLRGQR
     2RCNFCLQ) 3?WJMP %?RGESCMDK?GLR?GLCBTMJSLR?PWKSQAJCAMLRP?ARGMLGLK?L)/FWQGMJ

    
    ?E??PB/ 2GKMLQCL$!  LBCPQCL)+ CR?J-CSP?J?B?NR?RGMLRMPCQGQR?LACRP?GLGLE"F?LECQGLCTMICB5 U?TC?LB'
    PC¥CVPCQNMLQCQ) NNJ/FWQGMJZ
    ?E??PB /  2GKMLQCL $!  LBCPQCL )+  CR ?J -CSP?J GLFG@GRGML BSPGLE K?VGK?J CAACLRPGA ?LB AMLACLRPGA OS?BPGACNQ
    AMLRP?ARGML$DDCARQMDPCQGQR?LACRP?GLGLE) NNJ/FWQGMJZ
    !?PPW!* 1GCI2 "?PQML1&,SQAJCAMMPBGL?RGMLBSPGLEP?NGBDMPACNPMBSARGML@WWMSLE?LBMJBCP?BSJRQ)&CPMLRMJ
     Z
    !C?SKMLR$ &?PBGLCP/%$LBSP?LACRP?GLGLE?JRCPQRFC@GMNFWQGA?JNPMNCPRGCQMDFGLBJGK@KMRMLCSPMLQGLP?RQ,SQAJC
    -CPTCZ
    !CJJCK?PC% 6MMBQ)) )MF?LQQML1 CR?J,MRMP SLGRBGQAF?PECP?RCQGLK?VGK?JTMJSLR?PWAMLRP?ARGMLQMDRFPCCFSK?L
    KSQAJCQ)-CSPMNFWQGMJZ
    !GLBCP,# 'CAIK?L") /MUCPQ1*3FCNFWQGMJMEGA?JAMLRPMJMDKMRMLCSPML?ARGTGRW(L'?LB@MMIMD/FWQGMJMEW
    $VCPAGQC1CESJ?RGML?LB(LRCEP?RGMLMD,SJRGNJC2WQRCKQ2CAR AF?NR!CRFCQB? ,# K/FWQGMJ2MA Z
    
    "?PMJ?L! "?D?PCJJG$ B?NR?RGMLQGLAM?ARGT?RGML?DRCPGQMKCRPGAPCQGQR?LACRP?GLGLE) NNJ/FWQGMJZ
    "?PPMJJ 3)  1GCI 2  "?PQML 1& 3FC QGRCQ MD LCSP?J ?B?NR?RGML GLBSACB @W PCQGQR?LAC RP?GLGLE GL FSK?LQ ) /FWQGMJ
    Z
    #?RR? *  2RCNFCLQ )  2WLAFPMLGX?RGML MD KMRMP SLGR ?ARGTGRW BSPGLE TMJSLR?PW AMLRP?ARGML GL K?L ) /FWQGMJ
    Z
    #?TGCQ"3, #MMJCW/ ,A#ML?EF,)- CR?J B?NR?RGMLMDKCAF?LGA?JNPMNCPRGCQMDKSQAJCRMFGEFDMPACRP?GLGLEGL
    K?L)/FWQGMJZ
    #C+SA?") $PGK9"MKKMLBPGTCMDKMRMPSLGRQGLPCESJ?RGMLMDKSQAJCDMPAC3PCLBQ-CSPMQAGZ
    #C+SA?") +C%CTCP12 ,A"SC,/ CR?J!CF?TGMPMDFSK?LKMRMPSLGRQGLBGDDCPCLRKSQAJCQBSPGLEJGLC?PJWT?PWGLE
    AMLRP?ARGMLQ)/FWQGMJZ
    #C +SA? ")  ,?K@PGRM ! 5MJSLR?PW AMLRPMJ MD KMRMP SLGRQ GL FSK?L ?LR?EMLGQR KSQAJCQ "M?ARGT?RGML ?LB PCAGNPMA?J
    ?ARGT?RGML)-CSPMNFWQGMJZ
    $LMI? 1,  "FPGQRMS $  'SLRCP 2*  CR ?J ,CAF?LGQKQ RF?R AMLRPG@SRC RM BGDDCPCLACQ GL KMRMP NCPDMPK?LAC @CRUCCL
    WMSLE?LBMJB?BSJRQ)$JCARPMKWMEP*GLCQGMJZ
    $LMI?1, 1M@GLQML& *MQQCT 13?QI?LBD?RGESCCDDCARQMLJMU RFPCQFMJBKMRMPSLGRQGLFSK?LF?LBKSQAJC)
    -CSPMNFWQGMJZ
    %SEJCT?LB )  6GLRCP #  /?RJ? $ ,MBCJQ MD PCAPSGRKCLR ?LB P?RC AMBGLE MPE?LGX?RGML GL KMRMP SLGR NMMJQ )
    -CSPMNFWQGMJZ
    &?PBGLCP /% "F?LECQ GL ?JNF? KMRMLCSPML NPMNCPRGCQ UGRF ?JRCPCB NFWQGA?J ?ARGTGRW JCTCJQ $VCPA 2NMPR 2AG 1CT
    Z
    '?GL?SR* #SAF?RC?S) #CQKCBR)$#GDDCPCLRG?JCDDCARQMDQJMU?LBD?QRKMRMPSLGRQMDBGDDCPCLRNPMEP?KQMD@PGCDB?GJW
    KSQAJC RP?GLGLE GL K?L (L -CU #CTCJMNKCLRQ GL $JCARPMKWMEP?NFW ?LB "JGLGA?J -CSPMNFWQGMJMEW TMJ  !?QCJ
    2UGRXCPJ?LB*?PECP Z
    )CLQCL )+  ,?PQRP?LB /"  -GCJQCL )! ,MRMP QIGJJ RP?GLGLE ?LB QRPCLERF RP?GLGLE ?PC ?QQMAG?RCB UGRF BGDDCPCLR NJ?QRGA
    AF?LECQGLRFCACLRP?JLCPTMSQQWQRCK) NNJ/FWQGMJZ
    *CLR !P?SL) +C!J?LA10S?LRGR?RGMLMDACLRP?J?ARGT?RGMLD?GJSPCBSPGLEK?VGK?JTMJSLR?PWAMLRP?ARGMLQGLFSK?LQ
    ,SQAJC-CPTCZ
    *LGEFR "  *?KCL & $LF?LACB KMRMP SLGR P?RC AMBGLE UGRF GKNPMTCKCLRQ GL ? DMPAC K?RAFGLE R?QI ) $JCARPMKWMEP
    *GLCQGMJZ
    +TLCX, *MRX?K?LGBGQ" "?PNCLRGCP CR?J2NGL?JPC¥CVCQ?LBAM?ARGT?RGMLMD?LIJCKSQAJCQBSPGLE?QS@K?VGK?J
    D?RGESGLEAMLRP?ARGML) NNJ/FWQGMJZ
    +SQAFCP '1  1SCLXCJ /  'CLLCK?L $ 'MU RFC QGXC MD KMRMLCSPMLCQ BCRCPKGLCQ RFCGP QSQACNRG@GJGRW RM BGQAF?PEC
    -?RSPC Z
    ,MRRP?K ")  )?IM@G ),  2CKKJCP )&  CR ?J ,MRMP SLGR ?ARGTGRW BGDDCPQ UGRF JM?B RWNC BSPGLE D?RGESGLE AMLRP?ARGML )
    -CSPMNFWQGMJZ
    ,SLL )  'CP@CPR 1#  '?LAMAI ,)  CR ?J 3P?GLGLE UGRF SLGJ?RCP?J PCQGQR?LAC CVCPAGQC GLAPC?QCQ AMLRP?J?RCP?J QRPCLERF )
    NNJ/FWQGMJZ
    /JMSRX ++  3CQAF /  !GPM 1+  CR ?J $DDCAR MD PCQGQR?LAC RP?GLGLE ML KSQAJC SQC BSPGLE CVCPAGQC ) NNJ /FWQGMJ
    Z
    2CKKJCP)&,MRMPSLGRQWLAFPMLGX?RGML?LBLCSPMKSQASJ?PNCPDMPK?LAC$VCPA2NMPR2AG1CTZ
    2RMRX /)  !?U? / ,MRMP SLGR PCAPSGRKCLR BSPGLE JCLERFCLGLE AMLRP?ARGMLQ MD FSK?L UPGQR ¥CVMPQ ,SQAJC -CPTC
    Z
    5?L"SRQCK, #SAF?RC?S)/PCACBGLEKSQAJC?ARGTGRWGL¥SCLACQKMRMPSLGRBGQAF?PEC?LBP?RCMDRMPOSCBCTCJMNKCLR
    BSPGLE@?JJGQRGAAMLRP?ARGMLQGLFSK?LQ)/FWQGMJZ
    6GJQML &)  ,SPNFW )  6?JQFC  3FC QNCAG¤AGRW MD QRPCLERF RP?GLGLE 3FC CDDCAR MD NMQRSPC $SP ) NNJ /FWQGMJ
    Z
    8SC& %SEJCT?LB ) -MPBQRPMK, CR?J+GKGR?RGMLQMDRFCQSPD?ACCJCARPMKWMEP?NFWRCAFLGOSCDMPCQRGK?RGLEKMRMP
    SLGRQWLAFPMLGX?RGML!GMJ"W@CPLZ
    9MEFG, /C?PAC2+ -MPBQRPMK, #GDDCPCLRG?JKMBSJ?RGMLMDGLRP?AMPRGA?JGLFG@GRGMLGLFSK?LKMRMPAMPRCVBSPGLE
    QCJCARGTC?ARGT?RGMLMD?LGLRPGLQGAF?LBKSQAJC)/FWQGMJZ

    .+
    BPG?L $  !PMLI # 3FC BGQAF?PEC MD GKNSJQCQ GL KMRMP LCPTC ¤@PCQ (( 3FC DPCOSCLAW MD BGQAF?PECQ GL PC¥CV ?LB
    TMJSLR?PWAMLRP?ARGMLQ)/FWQGMJZ
    LBCPQQML8 $BQRPMK)$,MRMPFWNCP?ARGTGRWPCQSJRGLEGLBG?KCRCPBCAPC?QCMDNCPGNFCP?JLCPTCQ AR?/FWQGMJ2A?LB
    Z
    !SPIC1$ +CTGLC#- 9?H?A%$ CR?J,?KK?JG?LKMRMPSLGRQ/FWQGMJMEGA?JZFGQRMAFCKGA?JAMPPCJ?RGMLQMDRFPCCRWNCQ
    GLA?RE?QRPMALCKGSQ2AGCLAC
    "?LLML6?JRCP!3FC6GQBMKMDRFC!MBW-CU8MPI -866-MPRML 
    'CLLCK?L$1CJ?RGML@CRUCCLQGXCMDLCSPMLQ?LBRFCGPQSQACNRG@GJGRWRMBGQAF?PEC2AGCLACZ
    2FCPPGLERML"1CK?PIQMLQMKC?QNCARQMDPC¥CVGLFG@GRGML/PMA12MA+MLB!!GMJ2AG!Z
    2R?J@CPE$,?APM$,& ?LCUPCAMPBGLERCAFLGOSC)-CSPMJ-CSPMQSPE/QWAFG?RPWZ
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      "M<I‹;L;?MNLONOL;?;@OH‹ŠI<†MC=;M>?NI>IIMCMN?G;=CL=OF;N•LCI
      !?M=L?P?LI=C=FI=;L>;​=I?=IGI?F?Œ=IHNLIF;>I
      "RJFC=;L?CHN?LJL?N;LOG?F?NLI=;L>CIAL;G;
    ZI
      &>?HNCV=;LIM@;NIL?MKO?=IHNLC<O?GJ;L;I>Œ<CNI=;L>;
      "RJFC=;L;L?AOF;‹ŠI>;JL?MMŠIM;HAO​H?;
      !?M=L?P?L;=IGJIMC‹ŠI>IM;HAO?
      !CMNCHAOCL ;M ;>;JN;‹™?M =;L>CIP;M=OF;L?M ;I NL?CH;G?HNI >?PC>I ;IM NL?CH;G?HNIM >?   ? >?
    @IL‹;
      !?M=L?P?LI;JILN?>?IRCAHCI;IN?=C>I
    e?I>?PC>I;I?R?L==CI
      !?M=L?P?L;L?>CMNLC<OC‹ŠI>?WORIM;HAO
      !CM=ONCLIMG?=;HCMGIM>?;OG?HNI>?L?NILHIP?HIMI?>CMNLC<OC‹ŠI>?IRCAHCI>OL;HN?I?R?L==CI

    ) ?D;?GL?JIOMIIO>OL;HN?I?R?L==CIG†RCGI
    IMCMN?G;=CL=OF;N•LCIŒL?MJIHM†P?F
    J?F;>CMNLC<OC‹ŠI>?MO<MN‡H=C;MH?=?MM†LC;M
    =IGIIRCAHCI
    BILG–HCIM?HONLC?HN?M

    ; NI>;M ;M =ŒFOF;M >I =ILJI BOG;HI ? J?F; L?GI‹ŠI >IM JLI>ONIM G?N;<•FC=IM >;M
    =ŒFOF;M
     =IGI I >C•​RC>I >? =;L<IHI  FŒG >CMMI
     I MCMN?G; =CL=OF;N•LCI ;ORCFC; H;
    L?AOF;‹ŠI >; N?GJ?L;NOL;  ;JNOFI 
     HI N;GJIH;G?HNI >; ;=C>IM?  ;JNOFI  ?
    N;G<ŒG >?M?GJ?HB; OG J;J?F H; L?MJIMN; CGOH? J?FI NL;HMJILN? >? JF;KO?N;M ?
    F?O=•=CNIM ,MCMN?G;L?MJCL;N•LCI ;JNOFI
    KO?ŒL?MJIHM†P?FJ?F;NLI=;>?IRCAHCI?
    >C•​RC>I>?=;L<IHI=IG;;NGIM@?L;
    ?IMCMN?G;=CL=OF;N•LCI@ILG;GDOHNIMIUMCMN?G;
    =;L>CILL?MJCL;N•LCI[
    , MCMN?G; =CL=OF;N•LCI Œ =IGJIMNI >? OG; <IG<; X I =IL;‹ŠI X ? JIL  JLCH=CJ;CM
    MCMN?G;M >? P;MIM KO? NL;HMJILN;G I M;HAO? J;L; =;>; =ŒFOF; >I =ILJI ? J;L; IM
    JOFG™?M   ?MNLONOL; ? ; ILA;HCT;‹ŠI >I MCMN?G; =CL=OF;N•LCI ? MO; =;J;=C>;>? >? M?
    ;>;JN;L ;IM ?MNL?MM?M ;AO>I ? =L–HC=I >I ?R?L==CI J?LGCN?G ;OG?HNIM NL?G?H>IM HI
    >?M?GJ?HBI >? ?R?L==CIM  -IL ?R?GJFI
     >OL;HN? ?R?L==CIM J?M;>IM
     ; >?G;H>; >?
    IRCAHCI J?FI N?=C>I ​GOM=OF;L ?G ?R?L==CI ;OG?HN; ?G ;JLIRCG;>;G?HN?  P?T?M IM
    P;FIL?M?GL?JIOMI  IGJL??H>?L;?MNLONOL;
    ;ILA;HCT;‹ŠI
    ;@OH‹ŠI?;;>;JN;‹ŠI>I
    MCMN?G;=CL=OF;N•LCI;I?R?L==CIJ?LGCN?I?HN?H>CG?HNI>?=IGIŒJIMMP?F;OG?HN;LI
    @ILH?=CG?HNI >? IRCAHCI ;I N?=C>I ?G ?R?L==CI >? GI>I KO? OG G;L;NIHCMN; >? HP?F
    CHN?LH;=CIH;FJIMM;=IGJF?N;LJIO=IG;CM>?EG?GJIO=IG;CM>?B "HNL?N;HNI
    I
    MCMN?G; =CL=OF;N•LCI N;G<ŒG MI@L? ;>;JN;‹™?M ; IONLIM NCJIM >? NL?CH;G?HNI
     I KO? Œ
    CGJILN;HN? J;L; ; L?;​FC​T;‹ŠI >? ;NCPC>;>?M ;H;?L•<C;M
     =IGI ;M =ILLC>;M >? P?FI=C>;>?
    MMCG
    IJLIJ•MCNI>?MN?=;JNOFIŒ?RJFIL;LHŠIM•;@OH‹ŠIVMCIF•AC=;<†MC=;>IMCMN?G;
    =CL=OF;N•LCI
    G;MN;G<ŒG;M;>;JN;‹™?M;I?R?L==CI
    BCADCDA05D=sr>4>A60=8H0sr>3>B8BC4<028A2D;0C{A8>

    . QGQRCK? AGPASJ?R™PGM  AMKNMQRM NCJM AMP?ŽM  Q?LESC C T?QMQ Q?LES”LCMQ  OSC QŽM BGTGBGBMQ LMQ P?KMQ NCPGDPGAM C
    NSJKML?P%GESP? 

    :C4F=2w‚6DAF=>@?2C6A6C:7xC:42
    39B3E<1kj?@E<=?>1BRP?LQNMPR?Q?LESCBMAMP?ŽMN?P?MQNSJKCQCBCTMJR?N?P?MAMP?ŽM 39B3E<1kj?@5B96lB931
    RP?LQNMPR?Q?LESCBMAMP?ŽMN?P?RMB?Q?QN?PRCQBMAMPNMCBCTMJR?N?P?MAMP?ŽM ?ŽMBC@MK@C?KCLRMBMAMP?ŽM
    MS AMLRP?ŽM  APG? NPCQQŽM  DMP?LBM M Q?LESC N?P? ?Q AGPASJ?CQ NSJKML?P MS NCPGDPGA? 5?QMQ EP?LBCQ  AF?K?BMQ BC
    1BDlB91C RP?LQNMPR?KQ?LESCN?P?DMP?BMAMP?ŽM R?LRMN?P?MQNSJKCQOS?LRMN?P??NCPGDCPG? Q?PRPG?QQCP?KG¤A?K
    CVRCLQGT?KCLRC  DMPK?LBM ?PRPG?Q NCOSCL?Q  MS 1BD5Bo?​<1C  KCLMP B?Q ?PRCP”M​J?Q QC P?KG¤A? C DMPK? MQ 31@9<1B5C  MQ
    KCLMPCQCK?GQLSKCPMQMQBCRMBMQMQT?QMQQ?LES”​LCMQ.QA?NGJ?PCQQŽMMQ”RGMBCRMB??RPMA?BCMVGE‘LGMCBG™​VGBMBC
    A?P@MLM QCH?BCLRPMB?AGPASJ?ŽMNSJKML?PMSB?NCPGDPGA? CBCRMB??RPMA?BCLSRPGCLRCQCLRPCMRCAGBMCMQ?LESCL?
    AGPASJ?ŽM NCPGDPGA? "?B? AJSJ? BCLRPM BC RMBMQ MQ RCAGBMQ BCTC CQR?P ? SK? BGQR‹LAG? BC ?R   KK BM A?NGJ?P K?GQ
    NP™VGKM N?P?OSC?RPMA?BCMVGE‘LGM BG™​VGBMBCA?P@MLMCLSRPGCLRCQNMQQ??AMLRCACP#CNMGQBCN?QQ?PNCJMQA?NGJ?PCQ M
    Q?LESCCLRP?L?QFm>E<1C OSCQŽM?QKCLMPCQF591CZMQT?QMQQ?LES”​LCMQOSCRP?LQNMPR?KMQ?LESCN?P?MAMP?ŽM.
    Q?LESCBCLRPMB?QT‘LSJ?QCLRP?NPGKCGP?KCLRCL?QTCG?QNCOSCL?QCBCNMGQL?QTCG?QEP?LBCQ C¤L?JKCLRCPCRMPL?N?P?M
    AMP?ŽM
    86DA0   806A0<0 4B@D4<oC82> 3> B8BC4<0 28A2D;0C{A8> 34<>=BCA0=3> > 0AA0=9> ?0A0;4;> 30 E0B2D;0CDA0
    ;>;=CL=OF;‹ŠIJ;L;OG;J;LN?IO•LAŠI>I=ILJIN?GOGF?CNI=;JCF;L?GKO?I=ILL?;NLI=;>?IRCAHCI
    >C•​RC>I
    >? =;L<IHI ? HONLC?HN?M  "RCMN?G GOCN;M =CL=OF;‹™?M KO?
     JIL =;OM; >;M MO;M @OH‹™?M ?MJ?=C;FCT;>;M
     HŠI ?MNŠI
    >CMJIMN;MJ;L;F?F;G?HN? 3?LG?FBICH>C=;IM;HAO?IRCA?H;>I?;TOFCH>C=;IM;HAO?>?MIRCA?H;>I

    . C1>7E5 F5>?C?  M Q?LESC OSC CQRŠ PCRMPL?LBM N?P? M AMP?ŽM  CLOS?LRM M C1>7E5 1BD5B91<  M Q?LESC OSC CQRŠ
    BCGV?LBMMAMP?ŽMCQCBGPGEGLBMN?P?MQMSRPMQRCAGBMQAMPNMP?GQ-?AGPASJ?ŽMNCPGDPGA? MMVGE‘LGMCLRPCESCN?P?MQ
    RCAGBMQAMPNMP?GQCMBG™​VGBMBCA?P@MLMZSKNPMBSRMBMKCR?@MJGQKM?CP™@GMZBCGV?MQRCAGBMQAMPNMP?GQCCLRP?LM
    Q?LESC $LRŽM  M Q?LESC TCLMQM B? AGPASJ?ŽM NCPGDPGA?  BCQMVGECL?BM C PGAM CK BG™​VGBM BC A?P@MLM . Q?LESC
    RP?LQNMPR?BM NCJ? ?PRPG? NSJKML?P N?P? MQ NSJKCQ AFCE? ?M AMP?ŽM NPMTCLGCLRC B? AGPASJ?ŽM NCPGDPGA?  C 
    BCQMVGECL?BM  AMK ?JRM RCMP BC BG™​VGBM BC A?P@MLM -MQ NSJKCQ  M MVGE‘LGM CLRP? LM Q?LESC  CLOS?LRM M BG™​VGBM BC
    A?P@MLMQ?GBMQ?LESCCCLRP?LMQNSJKCQ N?P?QCPCVNGP?BM QQGK MQ?LESCTCLMQML?TCG?NSJKML?P PCRMPL?LBMBMQ
    NSJKCQ N?P? M AMP?ŽM   MVGECL?BM C RCK @?GVM RCMP BC BG™​VGBM BC A?P@MLM . Q?LESC OSC ?A?@MS BC PCRMPL?P BMQ
    NSJKCQN?P?MAMP?ŽMCLRŽM@MK@C?BMN?P??AGPASJ?ŽMNCPGDPGA?CMAGAJMBCRPMA?BCMVGE‘LGMCBG™​VGBMBCA?P@MLM
    CLRPCMQRCAGBMQ MQ?LESCCMQNSJKCQPCNCRGBM1CN?PCOSCMQ?LESC?PRCPG?JNCPGDPGAMCMQ?LESCTCLMQMNSJKML?P
    R‘K ?JRM RCMP BC MVGE‘LGM C @?GVM RCMP BC BG™​VGBM BC A?P@MLM  CLOS?LRM M Q?LESC TCLMQM NCPGDPGAM C M Q?LESC ?PRCPG?J
    NSJKML?PR‘K@?GVMRCMPBCMVGE‘LGMC?JRMRCMPBCBG™​VGBMBCA?P@MLM
    /?P?K?LRCP?QCN?P?ŽMCLRPCMQ?LESCMVGECL?BMCMBCQMVGECL?BM MAMP?ŽMBGTGBGBMCKBS?Q@MK@?QBGQRGLR?Q
    $QQCM?QQSLRMB?NP™VGK?QCŽM

    @C2wv@
    .AMP?ŽM OSCQCPTCAMKMSK?@MK@?BCQ?LESC MQCESLBMK?GMPAMKNMLCLRCBMQGQRCK?AGPASJ?R™PGM?QCPCQRSB?BM
    ?OSG OSG  QCPŽM RP?R?BMQ ? CQRPSRSP? BM AMP?ŽM  M QSNPGKCLRM BC Q?LESC N?P? M AMP?ŽM  M AGAJM A?PB”?​AM  M ​KžQASJM
    A?PB”?​AMCMB@GRMA?PB”?​AM

    5647674$'1&14$_^1
    /?P? K?LRCP QCN?P?BMQ SK BM MSRPM M Q?LESC MVGECL?BM B? AGPASJ?ŽM NSJKML?P TMJR?LBM N?P? M AMP?ŽM C M Q?LESC
    BCQMVGECL?BM PCRMPL?LBM B? AGPASJ?ŽM NCPGDPGA? N?P? M AMP?ŽM  CQRC ™PEŽM  BGTGBGBM CK BMGQ J?BMQ BGQRGLRMQ . J?BM
    BGPCGRM BM AMP?ŽM PCAC@C Q?LESC B? AGPASJ?ŽM NCPGDPGA? C @MK@CG? M Q?LESC N?P? ? AGPASJ?ŽM NSJKML?P %GESP? 
    CLOS?LRMMJ?BMCQOSCPBMPCAC@CQ?LESCB?AGPASJ?ŽMNSJKML?PC@MK@CG?MQ?LESCN?P??AGPASJ?ŽMNCPGDPGA?

    ! 

    4:C4F=2wv@AF=>@?2C=6G2@D2?8F65@4@C2wv@A2C2@DAF=>‚6D656G@=E2A2C24@C2wv@
    4:C4F=2wv@A6C:7xC:42=6G2@D2?8F65@4@C2wv@A2C2E@52D2DA2CE6D5@4@CA@656G@=E2A2C2@4@C2wv@
    D2CExC:2DEC2?DA@CE2>D2?8F65@4@C2wv@A2C22D4:C4F=2w‚6DAF=>@?2C6A6C:7xC:42
    DG6:2DEC2?DA@CE2>D2?8F652D4:C4F=2w‚6DAF=>@?2C6A6C:7xC:42A2C2@4@C2wv@

    .Q?LESCOSCPCRMPL?B?AGPASJ?ŽMNCPGDPGA?N?P?MAMP?ŽMCLRP?LMŠRPGMBGPCGRMCMQ?LESCB?AGPASJ?ŽMNSJKML?P
    CLRP?LMŠRPGMCQOSCPBM%GESP? #MQŠRPGMQ MQ?LESCN?QQ??RP?TQBCT?JT?QSLGBGPCAGML?GQN?P?MQTCL​RP”ASJMQ OSC
    QŽM?QA‹K?P?QK?GQDMPRCQBMAMP?ŽM.Q?LESCOSCBCGV?MQTCL​RP”ASJMQR?K@KN?QQ??RP?TQBCSK?T?JT?SLGBGPCAGML?J
    R?LRMN?P???MPR? SK?EP?LBC?PRPG?OSCBCGV?MTCL​RP”ASJMCQOSCPBMAMKMN?P???PRPG?NSJKML?P ??PRPG?EP?LBCOSC
    Q?G BM TCL​RP”ASJM BGPCGRM Q T?JT?Q SLGBGPCAGML?GQ QŽM GKNMPR?LRCQ NMPOSC CJ?Q NCPKGRCK M ¥SVM BC Q?LESC ?NCL?Q L?
    BGPCŽMBCQCH?B?CNPCTGLCK?QQGKMPC¥SVMBCQ?LESCL?BGPCŽMCPP?B?(QQMGKNMPR?LRCNMPOSCQCFMSTCQQCSKPC¥SVM
    Q?LES”​LCM K?GQQ?LESCRCPG?BCQCP@MK@C?BMN?P?CLTG?PMTMJSKCLCACQQŠPGMBCQ?LESC MOSC?SKCLR?PG?MRP?@?JFM
    OSCMAMP?ŽMRCPG?BCD?XCP.SRP?CQRPSRSP?GKNMPR?LRCBMAMP?ŽMM@5B93gB49?ZSKQ?AMKCK@P?LMQMPCQGQRCLRCOSC
    PCTCQRCMAMP?ŽM.CQN?MCLRPCMNCPGAŠPBGMC?QSNCPD”AGCCVRCPL?BMAMP?ŽMNPCCLAFGBMNCJM¥SGBMNCPGAŠPBGAM$QQC
    ¥SGBMLCACQQŠPGMN?P?PCBSXGP?DPGAŽMCLRPC?KCK@P?L?NCPGAŠPBGA?CAMP?ŽMAMLDMPKCCJC@?RC
    . AMP?ŽM  AMKM RMBMQ MQ RCAGBMQ  NPCAGQ? QCP NPMTGBM BC MVGE‘LGM C LSRPGCLRCQ  C NPCAGQ? RCP PCKMTGBM M BG™​VGBM BC
    A?P@MLM NPMBSXGBM NCJM KCR?@MJGQKM $K@MP? M AMP?ŽM @MK@CGC RMBM M Q?LESC AGPASJ?LRC ?RP?TQ B?Q AGPASJ?CQ
    NSJKML?PCNCPGDPGA? CJCLŽMCVRP?GMMVGE‘LGMCMQLSRPGCLRCQ MSJG@CP?MBG™​VGBMBCA?P@MLMLCQQCQ?LESC$KTCXBGQQM
    MAMP?ŽMRCKMNP™NPGMQSNPGKCLRMBCQ?LESCAGPASJ?R™PGM
    86DA0   8A2D;0sr> 34 B0=6D4 ?4;> 2>A0sr> B08=3> 30B 4 ?0A0 0B 28A2D;0s~4B ?D;<>=0A 4 ?4A85tA820 
    ?MNLONOL; >I =IL;‹ŠI ? >I MCMN?G; =CL=OF;N•LCI G;HNŒG I M;HAO? IRCA?H;>I ? I >?MIRCA?H;>I M?J;L;>IM HI
    =IL;‹ŠI
     <?G =IGI ;G<;M ;M =CL=OF;‹™?M JOFGIH;L ? J?LC@ŒLC=;  3?LG?FBI CH>C=; M;HAO? IRCA?H;>I ? ;TOF CH>C=;
    M;HAO?>?MIRCA?H;>I

    724,/(0615$0*7b​0(1'1&14$_^1
    ?PRPG?AMPMLŠPG? OSCDMPLCAC?MAMP?ŽMQCSQSNPGKCLRMA?PB”?​AM QCP?KG¤A??N?PRGPB??MPR?GKCBG?R?KCLRC?N™Q?
    T?JT?B??M​PR?%GESP? (QQMQGELG¤A?OSCMAMP?ŽMPCAC@CQ?LESCOSC?A?@MSBCPCRMPL?PB?AGPASJ?ŽMNSJKML?PC
    NMPR?LRM CQRŠAMKNJCR?KCLRCMVGECL?BM NPCQQŽM?PRCPG?JQGQR‘KGA?TCPQCŽMY/PCQQŽMQ?LES”​LC?^ K?GQ?JR?L??MPR?
    QQGK ?NPCQQŽMQ?LES”​LC?OSCNCPDSLBC?Q?PRPG?QOSC?JGKCLR?KMRCAGBMA?PB”?​AMR?K@K@CK?JR?
    Q NPGLAGN?GQ ?PRPG?Q OSC ?JGKCLR?K MQ J?BMQ BGPCGRM C CQOSCPBM BM AMP?ŽM QŽM ? ?PRPG? AMPMLŠPG? BGPCGR? C ? ?PRPG?
    AMPMLŠPG? CQOSCPB?  PCQNCARGT?KCLRC $VGQRCK KSGRMQ D?RMPCQ OSC ?HSB?K ? E?P?LRGP M QSNPGKCLRM BC Q?LESC N?P? M
    AMP?ŽM >1CD?=?C5  SK? GLRCPAMKSLGA?ŽM CLRPC ?Q BS?Q ?PRPG?Q OSC ?QQCESP? M ¥SVM BC Q?LESC N?P? SK? ®PC?
    KCQKMOSC??PRPG?OSC?JGKCLR?SK?​ŠPC?CQRCH?N?PAG?JMSRMR?JKCLRC@JMOSC?B?/MPCVCKNJM CVGQRCSK??L?QRMKMQC
    CLRPC MQ P?KMQ GLRCPTCLRPGASJ?PCQ ?LRCPGMP B? ?PRPG? AMPMLŠPG? CQOSCPB?  C NMQRCPGMP B? ?PRPG? AMPMLŠPG? BGPCGR?  OSC
    E?P?LRC?JESK¥SVMBCQ?LESC?RP?TQBMP?KMGLRCPTCLoPGASg?P?LRCPGMP KCQKMOSCCJCCQRCH?@JMOSC?BM QNPGLAGN?GQ
    ?PRPG?QCTCG?QBMAMP?ŽMCQRŽMJMA?JGX?B?QL?QSNCPD”AGCCVRCPGMP L?PC?JGB?BC CLTMJTCLBMMAMP?ŽM(QQME?P?LRCOSCCJ?Q
    LŽMQCH?KAMKNPGKGB?QBSP?LRC?AMLRP?ŽMA?PB”?​A? ?QQCESP?LBM?QQGKM¥SVMQ?LES”i CMBSP?LRC?K?GMPN?PRCNMQQ”TCJ
    BMAGAJMA?PB”?​AM
    86DA0 B0ACtA80B40BE480B2>A>=oA80B4BCr>;>20;8H030B=0BD?4A5w2844GC4A8>A3>2>A0sr>"MM;JIMC‹ŠI
    ?PCN;KO??F;MM?D;G=IGJLCGC>;M>OL;HN?;=IHNL;‹ŠI>IN?=C>I=;L>;​=I

    ,&.1&$4'b$​&1
    "?B?SK?B?QOS?RPMA‹K?P?QBMAMP?ŽMRCKSK?DSLŽMN?P​RGASJ?PBSP?LRCMAGAJMA?PB”?​AM CoCD?<5QCPCDCPCD?QCBC
    AMLRP?ŽMBMAGAJMA?PB”?​AM CLOS?LRM?49g​CD?<5QCPCDCPCD?QCBCPCJ?V?KCLRMBMAGAJMA?PB”?​AM0S?LBMSK?A‹K?P?
    CQRŠQCAMLRP?GLBM MQ?LESCCQRŠQCLBM@MK@C?BMCOS?LBMSK?A‹K?P?CQRŠPCJ?V?LBM CJ?NPCCLAFGB?NMPQ?LESCN?P?
    ? NP™VGK? D?QC QGQR™JGA? BM AGAJM A?PB”?​AM #SP?LRC ? BGŠ​QRMJC  MQ ŠRPGMQ BGPCGRM C CQOSCPBM QŽM NPCCLAFGBMQ NMP Q?LESC
    NPMTCLGCLRC B?Q AGPASJ?CQ NCPGDPGA? @?GVM RCMP BC .  C NSJKML?P ?JRM RCMP BC .  PCQNCARGT?KCLRC N™Q M
    CLAFGKCLRM MŠRPGMAMLRP?G?NPMVGK?B?KCLRCBCQCESLBM?LRCQB?AMLRP?ŽMBMQTCL​RP”ASJMQ AMLRP?ŽMBMQŠRPGMQ
    DMP?MQ?LESC?RP?TQB?QT?JT?QOSCQCN?P?KMQŠRPGMQCMQTCL​RP”ASJMQC?HSB?CLAFCPMQTCL​RP”ASJMQCLOS?LRMCJCQ?GLB?
    CQRŽMCKBGŠ​QRMJC.QŠRPGMQR?K@KNCPKGRCKOSCMQ?LESCTCLMQMPCRMPLCN?P?MAMP?ŽMBSP?LRC?AMLRP?ŽMBMQTCL​
    RP”ASJMQ NMQQG@GJGR?LBMMPCRMPLMTCLMQMAMLR”LSM??K@MQMQJ?BMQ BGPCGRMCCQOSCPBM BMAMP?ŽM QQGK MQŠRPGMQR‘K
    TŠPG?QDSLCQ
    4K?TCXOSCMQTCL​RP”ASJMQBGPCGRMCCQOSCPBMCQRCH?KAFCGMQ CJCQQCAMLRP?CKC@MK@CG?KQ?LESCN?P??AGPASJ?ŽM
    NSJKML?PC?AGPASJ?ŽMNCPGDPGA? PCQNCARGT?KCLRC.AGAJMA?PB”?​AMPCNCRGBMCLRŽMBSP?LRCA?B?@?RGKCLRMBMAMP?ŽM
    (QQMPCOSCPSKQSNPGKCLRMAMLQR?LRCBCMVGE‘LGMN?P??​KSQASJ?RSP?A?PB”?​A??¤KBCPC? gGu?PMKCR?@MJGQKM?CP™@GM C
    NMPR?LRM DMPLCACPSKQSNPGKCLRMQ?LES”​LCMMVGECL?BMAMLQR?LRC"MKMHŠBGQASRGBM MQNPGLAGN?GQT?QMQAMPMLŠPGMQCQRŽM
    JMA?JGX?BMQL?QSNCPD”AGCCVRCPL?N?P??HSB?P?E?P?LRGPM¥SVMQ?LES”i CMBSP?LRC?K?GMPN?PRCNMQQ”TCJBMAGAJMA?PB”?^M
    $LRPCR?LRM OS?LBMSK?A‹K?P?A?PB”?​A?N?QQ?NCJ?Q”QRMJC M​KžQASJMA?PB”?​AM AMKMRMBMQMQ​KžQASJMQ QCAMLRP?GPŠCK
    RMB?Q ?Q BGPCCQ  AMKNPGKGLBM MQ T?QMQ Q?LES”​LCMQ BCLRPM BM RCAGBM C MAJSGLBM  MS N?PAG?JKCLRC MAJSGLBM  M ¥SVM
    Q?LES”​LCM QQGK MRCAGBMA?PB”?​AMPCAC@C@M?N?PRCBMQCSQSNPGKCLRMQ?LES”​LCMBSP?LRC?BGŠ​QRMJC4K??B?NR?ŽM?M
    RPCGL?KCLRM ?CP™@GM MS A?PBGMT?QASJ?P  SK? BGKGLSGŽM B? DPC​OS‘LAG? A?PB”?​A? BSP?LRC M PCNMSQM  @CK AMKM BSP?LRC
    SKCVCPA”AGMQS@KŠVGKM"MKSK?DPC​OS‘LAG?A?PB”?​A?KCLMP ?D?QCBG?QR™JGA?BMAGAJMA?PB”?​AMK?GMP QQGK ?DPC​
    OS‘LAG?A?PB”?​A?KCLMPBSP?LRCSKCVCPA”AGMQS@KŠVGKM?HSB??E?P?LRGPQSNPGKCLRMQ?LES”​LCMQS¤AGCLRCN?P?MRCAGBM
    A?PB”?​AM $QQ?  SK? P?XŽM NCJ? OS?J ? DPC​OS‘LAG? A?PB”?​A? KCLMP  SK? ?B?NR?ŽM NMQGRGT? ?M RPCGL?KCLRM ?CP™@GM MS
    A?PBGMT?QASJ?P QCESGP QCPŠCV?KGL?BMMAMLRPMJCBMAGAJMA?PB”?​AM

    >=CA>;48=CAw=B42>3>282;>20A3w0​2>
    $QRPSRSP?QBCLRPMBMAMP?ŽME?P?LRCKOSC?QA‹K?P?QAMLRP?G?KCKSK?MPBCKCQNCA”¤A?N?P?OSCMQ?LESCQCKMT?L?
    BGPCŽM AMPPCR? NCJM AMP?ŽM N?P? ?Q AGPASJ?CQ NSJKML?P C NCPGDPGA? $QNCAG¤A?KCLRC  KCA?LGQKMQ ?L?RšKGAMQ C
    ¤QGMJ™EGAMQQŽMLCACQQŠPGMQN?P??QQCESP?POSC?Q”QRMJC?RPG?JMAMPP??LRCQB?Q”QRMJCTCLoPGAS g?P.RCAGBMh SQASJ?PA?PB”?*
    AM  HSLRM AMK M RCAGBM LCPTMQM CQNCAG?JGX?BM OSC GLCPT? ?Q ¤@P?Q h SQASJ?mCQ A?PB”?^?Q   A?N?X BC GLGAG?P M NP™NPGM
    GKNSJQM N?P? AMLRP?ŽM $QQ? A?N?AGB?BC N?P? AMLRP?ŽM ? GLRCPT?JMQ BC RCKNM PCJ?RGT?KCLRC PCESJ?PCQ  AF?K?B? BC
    1ED?=1D9C=?31B4o1​3?.>sC9>?1DB91<>s)SK?​ŠPC?BCRCAGBMLCPTMQMCQNCAG?JGX?BML?NMPŽMQSNCPGMPBMŠRPGM
    BGPCGRMOSCRCK?R?V?K?GQPŠNGB?BC?SRMK?RGQKM%GESP? $LRŽM CKSKAMP?ŽMDSLAGML?LBMLMPK?JKCLRC ML™
    2   M K?PA? N?QQM B? AMLRP?ŽM A?PB”?​A? . CQR”KSJM N?P? AMLRP?ŽM QC CQN?JF? NCJMQ ŠRPGMQ  D?XCLBM AMK OSC CJCQ QC
    AMLRP?G?K.GKNSJQMR?K@KQCCQN?JF?N?P?MSRP?Q​ŠPC?QBMRCAGBMLCPTMQMCQNCAG?JGX?BMJMA?JGX?BML?NMPŽMGLDCPGMP
    BMŠRPGMBGPCGRM M>s1DB9?F5>​DB93E​<1B>s, .L™ 5?RP?Q?MGKNSJQMNMP?NPMVGK?B?KCLRCBCQCESLBM?LRCQ
    BCNPMN?E?PMGKNSJQMN?P?MQTCL​RP”ASJMQ NCPKGRGLBMOSCMQŠRPGMQAMLRP?G?K?LRCQBMQTCL​RP”ASJMQ#ML™ 5 MGKNSJQM
     CQN?JF?BM P?NGB?KCLRC NMP RMBM M TCL​RP”ASJM  N?QQ?LBM ?RP?TQ BM D?QA”ASJM ?RPGMTCL​RPGAS​J?P  C CLRŽM N?P? MQ P?KMQ
    BGPCGRMCCQOSCPBMBMDCGVC C ¤L?JKCLRC N?P?MQB1=?CCE25>4?3gB493?C692B1C45&EB;9>:5$QQ?Q¤@P?QBCRCAGBM
    LCPTMQM CQNCAG?JGX?BM CQN?JF?K P?NGB?KCLRC M GKNSJQM NCJMQ TCL​RP”ASJMQ  BC KMBM OSC RMBM M RCAGBM A?PB”?​AM CQRCH?
    AMLRP?GLBMBSP?LRCA?B?@?RGB?BMAMP?ŽM CKSKNCP”M​BMASPRMBCRCKNMCBCSK?K?LCGP?@?QR?LRCQGLAPMLGX?B?(QQM
    ?HSB??E?P?LRGPOSCMQ?LESCQCH?@MK@C?BMNCJMQTCL​RP”ASJMQBCK?LCGP?KSGRMC¤AGCLRC0, SQ?LBMMK”LGKMNMQQ”TCJ
    BCCLCPEG? 

    ! 

    %G6?​EC{4F=@5:C6:E@3@>36:2D2?8F6A2C224:C4F=2wv@AF=>@?2C6@G6?​EC{4F=@6DBF6C5@3@>36:2D2?8F6A2C224:C4F=2wv@A6C:7xC:42
    ,2=G2D F?:5:C64:@?2:D 6?EC6 @D sEC:@D 6 @D G6?​EC{4F=@D 6 ?2D >2:@C6D 2CExC:2D BF6 D26> 5@D G6?​EC{4F=@D 2;F52> 2 >2?E6C @ MFI@
    D2?8F{​?6@?25:C6wv@4@CC6E2
    2CExC:24@C@?sC:2x2AC:>6:C2256:I2C22@CE26DFAC6@4@C2wv@4@>D2?8F6
    D2CExC:2D6G6:2D4@C@?sC:2DDv@6?4@?EC252D?2DFA6C7{4:66IE6C:@C5@4@C2wv@56>@5@BF66=2D?v@D6;2>4@>AC:>:52D5FC2?E6
    24@?EC2wv@42C5{2​42
    86DA0*4283>B=4AE>B>B4B?4280;8H03>B34=CA>3>2>A0sr>2>=CA>;0<0B4​@Du=280342>=CA0sr>3>BoCA8>B
    4 3>B E4=​CAw2D;>B , H• 0 Œ I G;L=; J;MMI >I =IL;‹ŠI  , H• 3 ;NL;M; I CGJOFMI >? =IHNL;CL >I H• 0 ?G
    ;JLIRCG;>;G?HN? >?M?AOH>I
    ;MMCG
    IMP?H​NL=OFIMM?=IHNL;?G;J•MIM†NLCIM

    >=CA>;44GCAw=B42>3>282;>20A3w0​2>
    JK BM AMLRPMJC GLRP”LQCAM BM AGAJM A?PB”?​AM  MAMPPC M AMLRPMJC CVRP”LQCAM Z MS AMLRPMJC BC DMP? BM AMP?ŽM Z
    PCQNMLQŠTCJNCJM?HSQRCB?DPC​OS‘LAG?A?PB”?​A? AMKM?2B14931B491BCPCNMSQMGLBSXGB?NCJMRPCGL?KCLRM MSBGKGLSGŽM
    B? DPC​OS‘LAG? A?PB”?​A? KCLMQ BC  @?RGKCLRMQ\KGLZ  C M ?SKCLRM L? DPC​OS‘LAG? A?PB”?​A? NMP A?SQ? B? PC?​JG​X?ŽM B?
    ?RGTGB?BC D”QGA? .Q BMGQ D?RMPCQ NPGLAGN?GQ OSC GL¥SCLAG?K ? DPCl S‘LAG? A?PB”?^? QŽM MQ AMKNMLCLRCQ QGKNŠRGAM C
    N?P?QQGKNŠRGAMB?BGTGQŽM?SRšLMK?BMQGQRCK?LCPTMQM%GESP? 
    Q¤@P?QLCPTMQ?QN?P?QQGKNŠRGA?QOSCGLCPT?KMQL™Q2 C 5QCMPGEGL?KLMACLRPMBCAMLRPMJCA?PBGMPPCQNGP?P™PGMLM
    @SJ@M C ?JA?L?K M AMP?ŽM AMKM N?PRC BM LCPTM T?EM -MQ L™Q 2  C 5  ?Q ¤@P?Q LCPTMQ?Q @1B1CC9=@gD931C JG@CP?K
    ?ACRGJAMJGL?  OSC BGKGLSG ? ?RGTGB?BC CK ?K@MQ MQ L™Q  PCQSJR?LBM CK BGKGLSGŽM B? DPC​OS‘LAG? A?PB”?​A? QQGK  SK
    ?SKCLRMB?CQRGKSJ?ŽMN?P?QQGKNŠRGA?BGKGLSG?DPC​OS‘LAG?A?PB”?​A?C?PCKMŽMB?CQRGKSJ?ŽMN?P?QQGKNŠRGA?PCQSJR?
    CK?SKCLRMB?DPC​OS‘LAG?A?PB”?​A?
    86DA0B4BC8<D;0s~4B=4AE>B0B?0A0BB8<?oC8204B8<?oC8202>=CA>;0<05A4​@Du=28020A3w0​20405>As0
    342>=CA0sr>3>2>A0sr>?MNCGOF;‹ŠIJ;L;MMCGJ†NC=;>CGCHOC?;?MNCGOF;‹ŠIMCGJ†NC=;;OG?HN;;@L?​KOH=C;
    =;L>;​=;

    Q¤@P?QLCPTMQ?QQGKNŠRGA?QAFCE?K?ML™2 ?ML™ 5C?MKGMAŠPBGMAMKMN?PRCBMQLCPTMQ?ACJCP?BMPCQA?PB”? ^MQ


    -MQL™Q2 C 5 ?Q¤@P?QC9=@gD931CJG@CP?KLMP?BPCL?JGL? OSC?SKCLR???RGTGB?BCCK?K@MQMQL™Q PCQSJR?LBMCK
    ?SKCLRM B? DPC​OS‘LAG? A?PB”?​A?  LMP?BPCL?JGL? R?K@K ?EC CJCT?LBM ? DMP? BC AMLRP?ŽM KGMAŠPBGA?  ?SKCLR?LBM
    ?QQGK M TMJSKC BC Q?LESC @MK@C?BM NCJM AMP?ŽM CK A?B? @?RGKCLRM JK B?Q GL​¥S‘L^G?Q LCSP?GQ BGPCR?Q  KSB?L?Q
    CLB™APGL?Q NMBCK ?JRCP?P ? DPC​OS‘LAG? A?PB”?​A? $QNCAG¤A?KCLRC  ? ?BPCL?JGL? JG@CP?B? NCJ? EJ‹LBSJ? QSNP?PPCL?J L?
    AMPPCLRCQ?LES”​LC?R?K@K?EC?SKCLR?LBM?DPC​OS‘LAG?A?PB”?​A?$QQ?JG@CP?ŽMBC?BPCL?JGL?MAMPPC?NCL?QOS?LBM?
    EJ‹LBSJ?QSNP?PPCL?JCQRGKSJ?B?NCJMQGQRCK?LCPTMQMQGKNŠRGAM QQGK SK?SKCLRML??RGTGB?BCQGKNŠRGA?CJCT??DPC​
    OS‘LAG? A?PB”?​A? C ? PCKMŽM B? CQRGKSJ?ŽM QGKNŠRGA? BGKGLSG ? DPC​OS‘LAG? A?PB”?​A?  DPC​OS‘LAG? A?PB”?​A?  NMPR?LRM
    BCNCLBCBM@?J?LMCLRPC?QCQRGKSJ?CQQGKNŠRGA?CN?P?QQGKNŠRGA?
    . @SJ@M PCAC@C GLDMPK?ŽM BC TŠPG?Q N?PRCQ BM QGQRCK? AGPASJ?R™PGM OSGKGMPPCACNRMPCQ  @?PMPPCACNRMPCQ  PCJ?AGML?B?Q
    AMK M DSLAGML?KCLRM BM QGQRCK? AGPASJ?R™PGM  AMKM ? NPCQQŽM ?PRCPG?J C ? AMLACLRP?ŽM BC MVGE‘LGM LM Q?LESC
    OSGKGMPPCACNRMPCQCAMLRPMJCB?DPC​OS‘LAG?A?PB”?​A?CB?R?V?BCPCQNGP?ŽMQCPŽMBGQASRGBMQLM"?N”RSJM /MPCVCKNJM
    QC LM PCNMSQM ? NPCQQŽM ?PRCPG?J L? ?MPR? ?SKCLR? ?AGK? BM LMPK?J  ? CQRGKSJ?ŽM N?P?QQGKNŠRGA? ?SKCLR?PG? C ?
    CQRGKSJ?ŽMQGKNŠRGA?BGKGLSGPG? PCQSJR?LBMCKBCAPQAGKML?DPC​OS‘LAG?A?PB”?​A?CL?DMP?AMLRPŠRGJBMKGMAŠPBGM(QQM
    PCQSJR?PG?CKKCLMQQ?LESC@MK@C?BMNMP@?RGKCLRMA?PB”?​AMCCKBGKGLSGŽML?NPCQQŽM?PRCPG?JBCTMJR??MQT?JMPCQ
    LMPK?GQBCPCNMSQM
    $QQ? GLDMPK?ŽM ? PCQNCGRM B?Q CQRGKSJ?CQ QGKNŠRGA? C N?P?QQGKNŠRGA? NMBC JCT?P  FGN™RCQC BC OSC ? BGKGLSGŽM B?
    DPC​OS‘LAG?A?PB”?​A?BCPCNMSQMNMPA?SQ?B??RGTGB?BC?CP™@G?RCKAMKMA?SQ?M?SKCLRMB?CQRGKSJ?ŽMN?P?QQGKNŠRGA?C
    ?PCBSŽMB?CQRGKSJ?ŽMQGKNŠRGA?$LRPCR?LRM MQB?BMQPCJ?AGML?BMQAMK?CQRGKSJ?ŽMQGKNŠRGA?CN?P?QQGKNŠRGA?BC
    ?RJCR?QRPCGL?BMQCK,5+<9(5*,QŽMGLAMLQGQRCLRCQ AMKGLBGA?CQBC?SKCLRMCBCBGKGLSGŽMCK?K@?Q?QCQRGKSJ?CQ
    QGKNŠRGA? C N?P?QQGKNŠRGA? -M GL”AGM BM CVCPA”AGM  DMG KMQRP?BM OSC MAMPPC BGKGLSGŽM AMLQGQRCLRC L? CQRGKSJ?ŽM
    N?P?QQGKNŠRGA?  PCQSJR?LBM CK ?SKCLRM L? DPC​OS‘LAG? A?PB”?​A? $K@MP? MQ PCQSJR?BMQ PCJ?AGML?BMQ AMK ? CQRGKSJ?ŽM
    QGKNŠRGA? LM GL”AGM BM CVCPA”AGM QCH?K KCLMQ AMLQGQRCLRCQ  CQRŠ AJ?PM OSC SK ?SKCLRM L? CQRGKSJ?ŽM QGKNŠRGA? BM
    AMP?ŽMCJCT?PŠ?DPC​OS‘LAG?A?PB”?​A?C?DMP?BCAMLRP?ŽMBMKGMAŠPBGM QQGK QCH?LMPCNMSQMMSBSP?LRCMCVCPA”AGM ?
    DPC​OS‘LAG?A?PB”?​A?AMLRPMJ?B?CKEP?LBCN?PRCNCJM@?J?LMCLRPC?QCQRGKSJ?CQLCPTMQ?QQGKNŠRGA?CN?P?QQGKNŠRGA?

    h5&7.1&$4'b$​&1
    "MKM M ​KžQASJM CQOSCJRGAM  M ​KžQASJM A?PB”?​AM  MS M =9?3gB49?   A?N?X BC PC?​JG​X?P AMLRP?ŽM C BC NPMBSXGP DMP?
    $K@MP?R?LRMM​KžQASJMCQOSCJRGAMOS?LRMM​KžQASJMA?PB”?​AMQCH?KA?N?XCQBCQCAMLRP?GP FŠKSGR?QBGDCPCL?QCLRPC
    CQQCQBMGQRGNMQBC​KžQASJMQ.?SRMK?RGQKM AMKMHŠBCQAPGRM SK?BCQQ?QBGDCPCL?Q
    .SRP?BGDCPCL?NPGLAGN?JCLRPCM​KžQASJMCQOSCJRGAMCMKGMAŠPBGM?NPCQCL?BCBGQAMQGLRCPA?J?PCQLMKGMAŠPBGM
    -M​KžQASJMCQOSCJRGAM MGKNSJQMN?P?AMLRP?GPLŽMNMBCQCNPMN?E?PBCSK?¤@P?h SQASJ?PN?P??MSRP? NCPKGRGLBMSK
    AMLRPMJC K?GMP B? AMLRP?ŽM BC ¤@P?Q h SQASJ?mCQ GL _ GqG_ S?GQ C  CLRŽM  BM h žQASJM GLRCGPM $LRPCR?LRM  LM KGMAŠPBGM  M
    GKNSJQM N?P? AMLRP?ŽM NMBC QC NPMN?E?P BC SK? ¤@P? h SQASJ?P N?P? ? MSRP? NCJMQ BGQAMQ GLRCPA?J?PCQ  OSC QŽM NMPCQ
    NCPKCŠTCGQB?QKCK@P?L?QOSCQCN?P?K¤@P?Qh SQASJ?mCQGL_ GqG_ S?GQ QQGK KCQKMOSCSK?¤@P?KpQASJ?PA?PB”?A\ LŽM
    QCH? CQRGKSJ?B? NMP SK GKNSJQM LCPTMQM N?P? QC AMLRP?GP  CJ? QC AMLRP?GPŠ BSP?LRC ? Q”QRMJC A?PB”?​A? v NMP A?SQ? BCQQCQ
    BGQAMQ GLRCPA?J?PCQ C B?Q ¤@P?Q BC /SPIGLHC OSC M KGMAŠPBGM ?NPCQCLR? AMLRP?ŽM QGLAGAG?J (QQM QGELG¤A? OSC ?Q ¤@P?Q QC
    AMLRP?CK QGKSJR?LC?KCLRC  ?SKCLR?LBM ? A?N?AGB?BC BM AMP?ŽM BC ?EGP AMKM SK? @MK@? CDCRGT?  HŠ OSC ?Q ¤@P?Q
    KGMAŠPBGA?Q GL​BG​TG​BS?GQ ECP?K NMSA? DMP? +CK@PC QC  CLRPCR?LRM  BC OSC CVGQRC SK ?RP?QM L? NPMN?E?ŽM B? ?RGT?ŽM
    CJRPGA? BMQ ŠRPGMQ N?P? MQ TCL​RP”ASJMQ C  N?P? NPCTCLGP ? NPMN?E?ŽM B? AMLRP?ŽM ?RPG?J N?P? MQ TCL​RP”ASJMQ  CVGQRC SK?
    A?K?B?BCRCAGBMAMLCARGTMQCN?P?LBMMQŠRPGMQBMQTCL​RP”ASJMQ

    ! 

    D{DE@=6625:s​DE@=65@4@C2wv@56G6>D6C4@?EC@=252DA2C2BF6@4@C2wv@7F?4:@?66L4:6?E6>6?E6
    *@5@@E64:5@42C5{2​4@E6>2FE@>2E:D>@6@?D:?@2EC:2=N@>2C42A2DD@5@4@C2wv@NE6>@2FE@>2E:D>@>2:DCsA:5@
    %?2EC:@G6?​EC:4F​=2C2EC2D2@:>AF=D@564@?EC2wv@5@DG6?​EC{4F=@D6>
    56D68F?5@56>@5@BF6@DG6?​EC{4F=@DD64@?EC2:2>
    56A@:D5@DsEC:@D
    %4@?EC@=66IEC{?D64@5@4:4=@42C5{2​4@4@?D:DE6?26DE:>F=2wv@A2C2DD:>AsE:42BF65:>:?F:27C6​BFy?4:242C5{2​426?26DE:>F=2wv@
    D:>AsE:42BF62F>6?E227C6​BFy?4:242C5{2​42

    .KGMAŠPBGMFSK?LM ?MAMLRPŠPGMBM​KžQASJMCQOSCJRGAM LŽMNMBCQCPBGTGBGBMCKRGNMQBGDCPCLRCQBC¤@P?Q h SQASJ?*


    PCQ AMKM?QBCAMLRP?ŽMPŠNGB?RGNM(( MSAMLRP?ŽMJCLR?RGNM(  MAMLRPŠPGM MKGMAŠPBGMAMKNMQRMBCSKRGNM
    NPGKŠPGM BC ¤@P? h SQASJ?P OSC CVG@C ?JR? BCLQGB?BC KGRMAMLBPG?J  RCK SK? PCBC A?NGJ?P CVRCLQGT? C  A?N?X BC SRGJGX?P
    C¤AGCLRCKCLRC ? CLCPEG? ?CP™@G? N?P? AMLRP?ŽM Q A?P?ARCP”QRGA?Q BM KGMAŠPBGM NCPKGRCK OSC CJC DSLAGMLC
    C¤AGCLRCKCLRCC@MK@CGCQ?LESCFNMPBG?BSP?LRCRMB??TGB?BCSK?NCQQM?

    B?4BBDA030?0A43420A3w0​20
    0S?LRMK?GQEPMQQ??N?PCBCBCSK?A‹K?P?A?PB”?​A? K?GMP?DMP?OSCCJ?NMBCECP?PN?P?CHCR?PMQ?LESC"MKMMTCL​
    RP”ASJM CQOSCPBM BCTC @MK@C?P Q?LESC N?P? RMBM M AMPNM AMLRP? SK? NPCQQŽM ?PRCPG?J K?GQ ?JR? C  BCQQ? K?LCGP?
    PCQGQR‘LAG? ?M ¥SVM  BM OSC ?OSCJ? BM TCLoP”ASJM BGPCGRM  OSC @MK@CG? Q?LESC N?P? ? AGPASJ?ŽM NSJKML?P  M TCLoP”ASJM
    CQOSCPBMRCK?K?GMPCQNCQQSP?BCN?PCBC
    #SP?LRC??RGTGB?BCD”QGA? NPGLAGN?JKCLRCBCDMP? ?NPCQQŽM?PRCPG?JQGQR‘KGA??SKCLR?"MKMRCKNM R?JTCXQCK?L?Q
    ?PC?​JG​X?ŽMPCESJ?PBCRPCGL?KCLRMD”QGAMPCQSJR?CKCQNCQQ?KCLRMB?N?PCBCBMTCL​RP”ASJMCQOSCPBM NCPKGRGLBMOSCCJC
    QSNCPCK?GQD?AGJKCLRCCQQ?CJCT?ŽMB?NPCQQŽM?PRCPG?JM@QCPT?B?BSP?LRC??RGTGB?BC!MVC $K@MP?LCKRMBMQMQ
    CQRSBMQ?NMGCKOSC??RGTGB?BCD”QGA?PCQSJRCCK?SKCLRMB?CQNCQQSP?B?N?PCBCTCL​RPGAS​J?PCQOSCPB? CQQCSKPCQSJR?BM
    NMQQ”TCJ BM RPCGL?KCLRM BC ?PP?LA?B?  BC NCQM C ?R BC ,5+<9(5*,    CQNCQQSP? B? N?PCBC TCL​RPGAS​J?P CQOSCPB?
    R?K@K?SKCLR?AMK?FGNCPRCLQŽMAPšLGA?$K@MP??SKCLRMQL?CQNCQQSP?B?N?PCBCTCL​RPGAS​J?PCQOSCPB?CKP?XŽMBC
    RPCGL?KCLRMD”QGAMLŽMCVACB?KMJGKGRCKŠVGKMBMOSCAMLQGBCP?BMLMPK?J?NPMVGK?B?KCLRCKK M?SKCLRMB?
    CQNCQQSP?B?N?PCBCBCTGBMFGNCPRCLQŽMAPšLGA?NMBC?SKCLR?P QQGK KCQKMOSCR?LRMMRPCGL?KCLRMD”QGAMOS?LRM?
    FGNCPRCLQŽM APšLGA? PCQSJRCK CK ?SKCLRMQ B? CQNCQQSP? B? N?PCBC TCL​RPGAS​J?P CQOSCPB?  CVGQRC SK? BGDCPCL? L?
    K?ELGRSBCBCQQ?PCQNMQR?

    .?SKCLRML?CQNCQQSP?TCL​RPGAS​J?PCQOSCPB? QCH?NMPA?SQ?BMRPCGL?KCLRMD”QGAMMSB?FGNCPRCLQŽMAPšLGA? PCQSJR?CK


    ?SKCLRMB?=1CC1F5>​DB93E​<1B5CAE5B41 MSB?OS?LRGB?BCRMR?JBCKGMAŠPBGMOSCPCTCQRCMTCL​RP”ASJMCQOSCPBM QQGK
    AMKML?CQNCQQSP?B?N?PCBCTCL​RPGAS​J?PCQOSCPB? CVGQRCKBGDCPCL?QCLRPCM?SKCLRMB?K?QQ?TCL​RPGAS​J?PCQOSCPB?CK
    TGPRSBCB?FGNCPRCLQŽMAPšLGA?C?OSCJCBCTGBM?MRPCGL?KCLRMD”QGAM/MPCVCKNJM CKF?JRCPM¤JGQR?QMJ”KNGAMQ?JR?KCLRC
    RPCGL?BMQ  ? K?QQ? TCL​RPGAS​J?P CQOSCPB?  OS?LBM CVNPCQQ? CK SLGB?BCQ PCJ?RGT?Q  K?QQ? AMPNMP?J MS  K?QQ? JGTPC BC
    EMPBSP?ZSK?KCBGB?B?K?QQ?​KSQASJ?PRMR?JZ¤A?BCLRPMBMQJGKGRCQLMPK?GQZ(QQMGLBGA?OSCM?SKCLRML?K?QQ?
    TCL​RPGAS​J?PCQOSCPB?BCTGBM?MF?JRCPM¤JGQKMMJ”KNGAMSK??B?NR?ŽM¤QGMJ™EGA??MRPCGL?KCLRM ?MAMLRPŠPGMBCSK?
    ?B?NR?ŽM N?RMJ™EGA? BCTGBM  FGNCPRCLQŽM APšLGA? .SRP? GLBGA?ŽM BC OSC M ?SKCLRM L? K?QQ? TCL​RPGAS​J?P CQOSCPB? 
    SK? ?B?NR?ŽM ¤QGMJ™EGA?  OSC ? K?QQ? TCL oPGASg?P CQOSCPB? KMQRPMS AMPPCJ?CQ QGELG¤A?RGT?Q ?M NGAM BC AMLQSKM BC
    MVGE‘LGM CK ?RJCR?Q RPCGL?BMQ N?P? DMP? C N?P? ,5+<9(5*,  $QQ?Q AMPPCJ?CQ QŽM NPMT?TCJKCLRC PCJ?AGML?B?Q AMK ?
    LCACQQGB?BC BC @MK@C?P Q?LESC AMLRP? SK? NPCQQŽM ?PRCPG?J QGQR‘KGA? K?GQ ?JR? BSP?LRC ? ?RGTGB?BC  GLAJSGLBM SK RCQRC
    N?P?BCRCPKGL?PMNGAMBCAMLQSKMBCMVGE‘LGM

    ,4&  <


    -,1dc7,)-;8-;;=:),)8):-,-+):,h)​+)
    4K KRMBM N?P? BCRCPKGL?P ?Q T?​PGŠ​TCGQ A?PB”?​A?Q  ? PCQQML‹LAG? K?ELRGA? 1,  "MK ? RCALMJMEG? BC 1, 
    NMQQ”TCJ NPMBSXGP SK AMPRC RP?LQTCPQ?J BC SK? CQRPSRSP? ?L?RšKGA?  GLAJSGLBM M AMP?ŽM  ¤ESP? ? QCESGP KMQRP?
    SK?QCAŽMRP?LQTCPQ?JBMAMP?ŽMBCSK?RJCR?RPCGL?BMAMKDMP?LML”TCJCKOSCMTCL​RP”ASJMCQOSCPBM MTCL​
    RP”ASJMBGPCGRMCMŠRPGMBGPCGRMCQRŽM?N?PCLRCQ-MR? QCOSC?QN?PCBCQBMTCL​RP”ASJMCQOSCPBMQŽMQS@QR?LAG?JKCLRC
    K?GQ EPMQQ?Q BM OSC ?OSCJ?Q BM TCL​RP”ASJM BGPCGRM MS BM ŠRPGM BGPCGRM . žLGAM JMA?J CK OSC ? N?PCBC TCL​RPGAS​J?P
    BGPCGR?RCKCQNCQQSP?QCKCJF?LRCN?PCBCTCL​RPGAS​J?PCQOSCPB?LMQCNRMGLRP?TCL​RPGAS​J?PNMPK RP?R? QCBCSK?
    N?PCBC AMKN?PRGJF?B? NCJMQ TCL​RP”ASJMQ QQGK  ? CQNCQQSP? K?GQ EPMQQ? B? N?PCBC LM QCNRM GLRP?TCL​RPGAS​J?P CQRŠ
    PCJ?AGML?B?AMK?LCACQQGB?BCBCMTCL​RP”ASJMCQOSCPBMCHCR?PQ?LESCAMLRP?SK?NPCQQŽM?PRCPG?JQGQR‘KGA?CJCT?B?
    CLŽMLCACQQGB?BCBCMTCL​RP”ASJMBGPCGRMCHCR?PQ?LESCN?P?AGPASJ?ŽMNSJKML?PAMLRP?SK??JR?NPCQQŽMQ?LES”​
    LC?

    /?PCAC OSC MQ ŠRPGMQ C M TCL​RP”ASJM BGPCGRM LŽM PCQNMLBCK ?M RPCGL?KCLRM D”QGAM AMK SK ?SKCLRM QGELG¤A?RGTM L?
    CQNCQQSP? B? N?PCBC  KCQKM CK GL​BG​T”​BSMQ OSC RPCGL?K AMK NCQMQ  LMQ OS?GQ ? NPCQQŽM ?PRCPG?J QGQR‘KGA? BSP?LRC ?
    ?RGTGB?BC  CVRPCK?KCLRC ?JR?   $K N?PRC  GQQM NMBC QCP TCPB?BC NMPOSC CQQ?Q A‹K?P?Q LŽM R‘K BC CHCR?P Q?LESC
    AMLRP??QNPCQQCQQ?LES”​LC?QNCPGDPGA?QCVRPCK?KCLRC?JR?QOSCBCTCKQCPQSNCP?B?QNCJMTCL​RP”ASJMCQOSCPBMBSP?LRC?
    ?RGTGB?BC+CK@PC QCBCOSCMTCL​RP”ASJMBGPCGRM@MK@CG?Q?LESCN?P?MQNSJKCQ OSCCQRŽM@CKNP™VGKMQBMAMP?ŽM
    QQGK N?PCACOSCMTCL​RP”ASJMCQOSCPBM?žLGA?A‹K?P?OSCQC?B?NR??RGTGB?BCD”QGA?AMK?SKCLRMQQGELG¤A?RGTMQL?
    CQNCQQSP?B?N?PCBCCL?K?QQ?
    2C ? K?QQ? TCL​RPGAS​J?P CQOSCPB? ?SKCLR?QQC QCK SK GLAPCKCLRM L? T?QASJ?RSP? AMPMLŠPG?  GLCTGR?TCJKCLRC M
    DMPLCAGKCLRM BC MVGE‘LGM N?P? M KGMAŠPBGM QCPG? GLQS¤AGCLRC "MK M RPCGL?KCLRM A?SQ?LBM ? FGNCPRPM¤? ¤QGMJ™EGA? LM
    AMP?ŽM  ? T?QASJ?RSP? AMPMLŠPG? R?K@K QC ?B?NR?  ?SKCLR?LBM M R?K?LFM B?Q ?PRPG?Q NPGLAGN?GQ C ? A?NGJ?PGX?ŽM BM
    KGMAŠPBGM$LRPCR?LRM OS?LBM?K?QQ?TCL​RPGAS​J?PCQOSCPB??SKCLR?CKTGPRSBCB??B?NR?ŽMN?RMJ™EGA?FGNCPRCLQŽM
    APšLGA? ?QKSB?L?QL?T?QASJ?RSP?LŽMMAMPPCK BCKMLQRP?LBMLMT?KCLRCOSCCVGQRCSK?BGDCPCL?CLRPC?Q?B?NR?CQ
    N?RMJ™EGA?C¤QGMJ™EGA?BMKGMAŠPBGM QCESGP QCPŠCV?KGL?B???RGTGB?BCCJRPGA?BMAMP?ŽMBSP?LRCMAGAJMA?PB”?^M

    ;4CA>20A38>6A0<0
     AMLRP?ŽM BMQ ŠRPGMQ C BMQ TCL​RP”ASJMQ MAMPPC CK SK? MPBCK CQNCA”¤A? NMP A?SQ? BM L™ 2  BM L™ 5 C BC MSRPMQ
    RCAGBMQ LCPTMQMQ CQNCAG?JGX?BMQ BCLRPM BM AMP?ŽM OSC CQRGKSJ?K C AMLRPMJ?K ? AMLRP?ŽM KGMAŠPBGA? #CLRPM BC SK
    AMP?ŽM DSLAGML?LBM LMPK?JKCLRC  ? ?RGTGB?BC CJRPGA? OSC NPCACBC ? AMLRP?ŽM QCOSCLAG?J B?Q A‹K?P?Q A?PB”?​A?Q 
    PCNPCQCLR?B?EP?¤A?KCLRCLM5<5DB?31B49?7B1=1OSC L?TCPB?BC MKMTGKCLRMBC”M​LQOSCMAMPPCBSP?LRC?
    AMLRP?ŽM C M PCJ?V?KCLRM ​KSQASJ?​PCQ  #CLRPM BM $"&  ? ?JRSP? BC SK? MLB? PCNPCQCLR? ? OS?LRGB?BC BC ?RGTGB?BC
    CJRPGA?C GLBGPCR?KCLRC ?OS?LRGB?BCBC​KžQASJMA?PB”?​AMAMLRP?GLBMMSPCJ?V?LBM.AMKNPGKCLRMFMPGXMLR?JB?MLB?
    PCNPCQCLR?MRCKNMC CLRŽM OS?LRMKCLMPMAMKNPGKCLRMB?MLB? KCLMPMNCP”M​BMBCRCKNMCKOSC?MLB?MAMPPCS
    ? BC¥CVŽM  MS MLB?   ? MLB? /  C PCNPCQCLR? ? AMLRP?ŽM ?RPG?J %GESP?   $VGQRC CLRŽM SK GLRCPT?JM BC RCKNM
    ?NPMVGK?B?KCLRCBCQCESLBM BSP?LRCMOS?JLŽMBCRCAR?B?LCLFSK??RGTGB?BCCJRPGA? QCESGBMNCJMAMKNJCVM
    012 PCNPCQCLR?LBM?AMLRP?ŽMBMQTCL​RP”ASJMQ.GLRCPT?JMBCRCKNMCLRPC?MLB?/CMAMKNJCVM012NPMTMA?BM
    NCJM L™ 5  OSC PCRK M GKNSJQM N?P? ? AMLRP?ŽM TCL​RPGAS​J?P ?LRCQ BC NPMN?EŠ JM N?P? M D?QA”ASJM 5  MQ P?KMQ BMQ
    D?QA”ASJMQ C ?Q ¤@P?Q BC /SPIGLHC  CQRGKSJ?LBM ? AMLRP?ŽM TCLoPGASg?P 2CESGLBM M AMKNJCVM 012 CQRŠ ? MLB? 3  OSC
    PCNPCQCLR?MPCJ?V?KCLRMC?PCNMJ?PGX?ŽMTCL​RPGAS​J?P.PCJ?V?KCLRMBMŠRPGM?AMLRCACAMLAMKGR?LRCKCLRC?MAMKNJCVM
    012C NMPR?LRM LMPK?JKCLRC ?MLB?OSCPCNPCQCLR?MPCJ?V?KCLRM?RPG?JLŽMTGQ”TCJ
    JK B? MLB? /  BM AMKNJCVM 012 C B? MLB? 3  MSRP?Q NMPCQ BC SK $"& QŽM LMKC?B?Q SQ?LBM ?Q JCRP?Q OSC
    PCNPCQCLR?KCQQ?QMLB?Q QQGK MQCEKCLRM23PCNPCQCLR?MNCP”M​BMBCRCKNM?N™Q?AMLRP?ŽMTCL​RPGAS​J?P?RMGL”AGM
    BM PCJ?V?KCLRM BMQ TCL​RP”ASJMQ #? KCQK? K?LCGP?  M GLRCPT?JM /1 PCNPCQCLR? M NCP”M​BM BC RCKNM OSC AMKC? AMK ?
    AMLRP?ŽM?RPG?JCRCPKGL?AMKMGL”AGMB?AMLRP?ŽMTCL​RPGAS​J?P
    4K$"&NMBCQCPSRGJGX?BMN?P?PCNPCQCLR?P?DPC​OS‘LAG?A?PB”?​A?$LRPCR?LRM CJCR?K@KNMBCQCPSQ?BMN?P??T?JG?P
    QCMAMP?ŽMCQRŠDSLAGML?LBMLMPK?JKCLRCMSQCCVGQRC?JESK??LMPK?JGB?BC/MPCVCKNJM BSP?LRCSKCVCPA”AGMBCRCQRC
    BC CQDMPM  ? BCNPCQQŽM LM QCEKCLRM 23 GLBGA? GQOSCKG? KGMAŠPBGA? ¥SVM Q?LES” i CM BGKGLS”_ M  PCQSJR?LBM CK
    DMPLCAGKCLRMBCMVGE‘LGM?MKGMAŠPBGM %GESP?  A?SQ?K?GQAMKSKBCGQOSCKG?KGMAŠPBGA??DMPK?ŽMBCSK?
    NJ?A? EMPBSPMQ? AF?K?B? BC ?RCPMQAJCPMQC  LM GLRCPGMP BMQ T?QMQ Q?LES”​LCMQ AMPMLŠPGMQ  OSC PCBSX M ¥SVM BC Q?LESC
    ?RP?TQ BMQ T?QMQ AMPMLŠPGMQ 2C ? BCNPCQQŽM LM QCEKCLRM 23  ?N?PCLRC BSP?LRC SK RCQRC BC CQDMPM  K?GQ RCQRCQ
    BG?EL™QRGAMQNMBCKQCPHSQRG¤A?BMQ.SRP?Q?LMPK?JGB?BCQA?PB”? ^?QR?K@KNMBCKQCPBG?ELMQRGA?B?QSRGJGX?LBMM$"&
    /MP CVCKNJM  ?SKCLRM MS BGKGLSGŽM LM QCEKCLRM /1 GLBGA?K M DSLAGML?KCLRM ?LMPK?J BM L™ 5 QQGK  CVGQRCK
    KSGRMQMSRPMQD?RMPCQ?JKB?DPC​OS‘LAG?A?PB”?​A?OSCNMBCKQCP?T?JG?BMQSRGJGX?LBMSK$"&
    86DA0  < D< 4;4CA>20A38>6A0<0 0 0;CDA0 34 D<0 >=30 A4?A4B4=C0 8=38A4C0<4=C4 0 @D0=C83034 34
    <B2D;> 20A3w0​2> @D4 B4 2>=CA08 4=@D0=C> 0 38BCp=280 7>A8H>=C0; A4?A4B4=C0 > C4<?> 3†LC;M JIL‹™?M >I
    ?F?NLI=;L>CIAL;G; MŠI HIG?;>;M =IG F?NL;M KO? L?JL?M?HN;G ; =IHNL;‹ŠI ;NLC;F IH>; -
     ; =IHNL;‹ŠI P?H​NLC=O​F;L
    =IGJF?RI./0?IL?F;R;G?HNIP?H​NLC=O​F;LIH>;1

    ! 

    %D5:D4@D:?E6C42=2C6DA6C>:E6>BF6@:>AF=D@A2C24@?EC2wv@D66DA2=9656F>2L3C2[ FD4F=2C42C5{2Q2A2C22DL3C2D>cD4F=2CSD
    42C5{2​42D25;246?E6D
    %G6?​EC{4F=@6DBF6C5@E6>2>2:@C6DA6DDFC256A2C65652D4t>2C2D42C5{2​42DA@CBF66=656G63@>362CD2?8F6A2C224:C4F=2wv@
    A6C:7xC:424@?EC2F>2AC6DDv@2CE6C:2=D:DEy>:426=6G252
    *2?E@@EC6:?2>6?E@56 &# 4@>@@EC6:?2>6?E@567@Cw272J4@>BF626DA6DDFC252A2C656G6?​EC:4F​=2C6DBF6C522F>6?E6
    C6DF=E2?5@6>F>2F>6?E@?2>2DD2G6?​EC:4F​=2C6DBF6C52
    +>6=6EC@42C5:@8C2>2xF>C68:DEC@5@>@G:>6?E@5@D{@​?D5FC2?E6F>4:4=@42C5{2​4@6A@56D6CFE:=:J25@A2C256E6C>:?2CD6F>
    4@C2wv@6DEs7F?4:@?2?5@?@C>2=>6?E6@FD69sF>22?@C>2=:525656?EC@5@4:4=@42C5{2​4@

    86DA0   34?A4BBr> 3> B46<4=C> )* 8=3820 D<0 A4B?>BC0 8B​@Du<820 3> 2>A0sr>    "G OG
    ?F?NLI=;L>CIAL;G;HILG;F
    IM?AG?HNI01?MN†;FCHB;>I=IG;FCHB;>?<;M?>I?F?NLI=;L>CIAL;G;>CL?CN;

    `%,61&$4'b$​&1
    DSLŽMBMAMP?ŽM@MK@C?PQ?LESCN?P??K@MQMQP?KMQAGPASJ?R™PGMQNSJKML?PCNCPGDPGAMBMQGQRCK?AGPASJ?R™PGM
    .TMJSKCBCQ?LESC@MK@C?BMNMPKGLSRMNCJMAMP?ŽMAF?K?BMBC4l29D?31B4o1​3?CLMPK?JKCLRCCVNPCQQ?CK
    l\KGLZMSKl\KGLZ.B@GRMA?PB”?​AMBCRCPKGL?BMR?LRMNCJ?DPC​OS‘LAG?A?PB”?​A?OS?LRMNCJMF?<E=5455:5kj? OSC
     M TMJSKC BC Q?LESC @MK@C?BM NMP AMLRP?ŽM BMQ TCL​RP”ASJMQ  LMPK?JKCLRC CVNPCQQ? CK KGJGJGRPMQ QQGK  M B@GRM
    A?PB”?​AMNMBCQCPBCRCPKGL?BMNCJ?QCESGLRCCOS?ŽM
    0\%"@NK n5$HKl 

    $KOSC0\MB@GRMA?PB”?​AMCKKl\KGLZKll ?QQGK N?P?M@RCP0\CKl\KGLZ KSJRGNJGOSCNMP %"


    QŽM@?RGKCLRMQNMPKGLSRM@?RGKCLRMQ\KGLZ C5$HMTMJSKCCHCR?BMCKKGJGJGRPMQ
    5?JMPCQR”NGAMQBCDPC​OS‘LAG?A?PB”?​A?CTMJSKCBCCHCŽMCKPCNMSQMN?P?GL​BG​T”​BSMQLŽMRPCGL?BMQBCR?K?LFMLMPK?J
    BM QCVM K?QASJG​LM  IE  C BM QCVM DCKGLGLM  IE  QŽM BC ?NPMVGK?B?KCLRC  @?RGKCLRMQ\KGLZ C  Kl  C 
    @?RGKCLRMQ\KGLZCKl PCQNCARGT?KCLRC QQGK LMPCNMSQM SKFMKCKLŽMRPCGL?BMCSK?KSJFCPLŽMRPCGL?B?R‘K
    B@GRM A?PB”?​AM BC ?NPMVGK?B?KCLRC  l\KGLZ C   l\KGLZ  PCQNCARGT?KCLRC 'MKCLQ C KSJFCPCQ RPCGL?BMQ R‘K
    ?NPMVGK?B?KCLRC M KCQKM B@GRM A?PB”?​AM CK PCNMSQM OSC QS?Q AMLRP?N?PRCQ LŽM RPCGL?B?Q $LRPCR?LRM  ? DPC​OS‘LAG?
    A?PB”?​A?CKPCNMSQMKCLMPCKGL​BG​T”​BSMQRPCGL?BMQCQNCAG?JKCLRCRPCGL?BMQN?P?,5+<9(5*, C N?P?OSCK?LRCLF?KM
    KCQKMB@GRMA?PB”?​AM MQGL​BG​T”​BSMQRPCGL?BMQR‘KSKTMJSKCBCCHCŽMK?GMP COS?ŽMAGR?B??LRCPGMPKCLRCKMQRP?
    OSC SK ?SKCLRM LM TMJSKC BC CHCŽM  ? žLGA? K?LCGP? AMK ? OS?J M B@GRM A?PB”?​AM NMBC QCP K?LRGBM LMQ KCQKMQ
    T?JMPCQAMKSK?BGKGLSGŽML?DPC​OS‘LAG?A?PB”?​A? COS?ŽM?LRCPGMPR?K@KBCGV?AJ?PMOSC LMPCNMSQM @CKAMKM
    BSP?LRCSK??RGTGB?BCD”QGA? KSB?L?QR?LRML?DPC​OS‘LAG?A?PB”?​A?OS?LRMLMTMJSKCBCCHCŽMNMBCK?DCR?PMBC@GRM
    A?PB”?​AM#SP?LRC??RGTGB?BCD”QGA? ?SKCLRMQLMTMJSKCBCCHCŽMCL?DPC​OS‘LAG?A?PB”?​A?NMBCKPCQSJR?PCKGL​BG​T”​BSMQ
    ?JR?KCLRCRPCGL?BMQCK,5+<9(5*,AMKB@GRMQA?PB”?​AMQKŠVGKMQBC?NPMVGK?B?KCLRCl\KGLZ$LRPCR?LRM NMBCF?TCP
    ?JESK?QBGDCPCL?QCLRPCAMKMSK?RJCR?BC,5+<9(5*,?SKCLR?MB@GRMA?PB”?​AMAMKN?P?BM?SK?NCQQM?LŽMRPCGL?B?
    !MVC CCLRPCMTMJSKCBCCHCŽMOS?LBM?L?R?ŽMAMKN?P?B?AMK?AMPPGB?!MVC .TMJSKCBCCHCŽM AMKM
    ?DPC​OS‘LAG?A?PB”?​A? AMLRPMJ?BMNMPTŠPGMQKCA?LGQKMQ/MPKCGMBMAMLRPMJCB?DPC​OS‘LAG?A?PB”?​A?CBMTMJSKCBC
    CHCŽM MB@GRMA?PB”?​AMNMBCQCP?HSQR?BMN?P??SKCLR?PMSBGKGLSGPM¥SVMQ?LES”i CMN?P?MQRCAGBMQBCNCLBCLRCQBC
    MVGE‘LGM$QRCQCPŠ?QQSLRMB?NP™VGK?QCŽM

    !&  -, 


    4)<m,7>74=5-,--2-dc7C":-16)5-6<7,--6,=:)6+-.)B),1.-:-6d)
    .TMJSKCBCCHCŽM?SKCLR?EP?BS?JKCLRCAMK?GLRCLQGB?BCBMCVCPA”AGM ?R?NPMVGK?B?KCLRC?BMNGAM
    BCAMLQSKMBCMVGE‘LGMCKRMBMQMQGL​BG​T”​BSMQ$LRPCR?LRM CKGLRCLQGB?BCQK?GMPCQBMOSCCQQCNMLRM MTMJSKC
    BCCHCŽMNMBC?SKCLR?P?NCL?QCK?RJCR?QBC,5+<9(5*,,SGRMQCQRSBMQPCJ?R?P?KSKNJ?RšLMTMJSKCBCCHCŽM
    KCBGBMBSP?LRCSKAGAJMBCCPEMKCRPG?"MKN?P?BMAMKMCVCPA”AGMBCAMPPGB? K?GQQ?LESCQC?ASKS​J?L?QNCPL?Q
    BSP?LRCMAGAJMBCCPEMKCRPG?(QQMJGKGR?PG?MPCRMPLMTCLMQMN?P?MAMP?ŽM PCQSJR?LBMCKSKNJ?RšLMTMJSKC
    BG?QR™JGAM ¤L?J 5#%  C R?K@K LM TMJSKC BC CHCŽM .SRP? CVNJGA?ŽM  OSC  AMLDMPKC ? A?PE? BC RP?@?JFM
    ?SKCLR? R?K@K?SKCLR??DPC​OS‘LAG?A?PB”?​A? CGLCTGR?TCJKCLRCLŽMFŠRCKNMQS¤AGCLRCBSP?LRC?BGŠ nRMJCN?P?
    K?LRCPM5#%$QQ?QHSQRG¤A?RGT?Q CLRPCR?LRM LŽMCVNJGA?KNMPOSCAGAJGQR?Q?JR?KCLRCRPCGL?BMQLŽM?NPCQCLR?K
    SKNJ?RšLMTMJSKCBCCHCŽMAMLDMPKC?A?PE?BCRP?@?JFM?SKCLR?BSP?LRCMAGAJMBCCPEMKCRPG?&JCBFGJJ "MVC
    )?KLGI   QQGK ??SQ‘LAG?BCNJ?RšBCTMJSKCBCCHCŽMAMLDMPKC?A?PE??SKCLR?CK?RJCR?QBC,5+<9(5*,
    NMBC QCP A?SQ?B? MS NMP MSRP?Q ?B?NR?CQ ?M RPCGL?KCLRM  AMKM SK TMJSKC NJ?QKŠRGAM ?SKCLR?BM MS SK?
    AMLRP?RGJGB?BC BM KGMAŠPBGM ?SKCLR?B?  A?N?AGB?BC BC AML​RG​LS?P ?SKCLR?LBM M TMJSKC BC CHCŽM AMLDMPKC ?
    A?PE?BCRP?@?JFM?SKCLR?DMPLCAC?MQ?RJCR?QBC,5+<9(5*,SK?T?LR?ECKQS@QR?LAG?JLM?SKCLRMBMB@GRMA?PB”?​
    AMC ?QQGK LMDMPLCAGKCLRMBCMVGE‘LGMN?P?MQ​KžQASJMQCKRP?@?JFM AMKN?P?BMQAMKGL​BG​T”​BSMQLŽMRPCGL?BMQ

    15@A>--05/5;:-8
    &JCBFGJJ- "MV# )?KLGI1$LBSP?LAC?RFJCRCQQRPMICTMJSKCBMCQLMRNJ?RC?SK?HMP?BT?LR?ECGQBG?QRMJGADSLARGML,CB
    2AG2NMPRQ$VCPAZ

    ,4&  <


    7;1dc7+7:87:)4->74=5-,--2-dc7
     NMQGŽM AMPNMP?J RCK SK CDCGRM AMLQGBCPŠTCJ LM TMJSKC BC CHCŽM (QQM ?AMLRCAC CK EP?LBC N?PRC CK P?XŽM BM
    CDCGRMB?EP?TGB?BCCBM?AžKS​JMBCQ?LESCL?QNCPL?QOS?LBMCKSK?NMQGŽMTCPRGA?J/MPR?LRM K?LRCP?NMQGŽM
    TCPRGA?JBGKGLSGMPCRMPLMTCLMQMN?P?MAMP?ŽM MOSCPCBSXMTMJSKCBG?QR™JGAM¤L?JCMTMJSKCBCCHCŽM5$H
    5#%Z52% $KSK?NMQGŽMTCPRGA?J AMKM?BCAMPPCPMSBCNCB?J?P MTMJSKCBCCHCŽMBC?RJCR?QBC,5+<9(5*,
    CK PCNMSQM  BC ?NPMVGK?B?KCLRC  ?  Kl  C NMBC ?SKCLR?P ?R ACPA? BC  ?  Kl BSP?LRC M CVCPA”AGM
    KŠVGKM /?P? GL​BG​T”​BSMQ LŽM RPCGL?BMQ  M TMJSKC BC CHCŽM R?K@K NMBC K?GQ BM OSC BM@P?P CK PCJ?ŽM ?MQ
    T?JMPCQBCPCNMSQMBC?KlN?P?T?JMPCQKŠVGKMQBCCVCPA”AGMBC?KlL?NMQGŽMTCPRGA?J0S?LBM
    SK? NCQQM? CQRŠ L? NMQGŽM QSNGL?  CLRPCR?LRM  AMKM BSP?LRC ? L?R?ŽM  M TMJSKC BC CHCŽM ?SKCLR? ?NCL?Q
    ?NPMVGK?B?KCLRC?BMQT?JMPCQKŠVGKMQBCPCNMSQM(QQM?AMLRCACCKEP?LBCN?PRCNMPOSC LMPCNMSQM
    OS?LBM CK SK? NMQGŽM QSNGL?  M 5#%  ?SKCLR?BM NMP A?SQ? BM PCRMPLM TCLMQM K?GMP /MP A?SQ? BM 5#%
    ?SKCLR?BM MTMJSKCBCCHCŽMLMPCNMSQMR?K@KCJCT?BM.5#%RCKSKT?JMPKŠVGKMCLŽMGKNMPR?CKOSC
    NMQGŽMAMPNMP?JTMA‘CQRCH? QQGK M5#%CMTMJSKCBCCHCŽMHŠQŽM@CKEP?LBCQLMPCNMSQMOS?LBMCKSK?
    NMQGŽM QSNGL? C  OS?LBM CJCQ ?SKCLR?K N?P? QCSQ T?JMPCQ KŠVGKMQ  MQ GLAPCKCLRMQ QŽM KCLMPCQ OS?LBM
    AMKN?P?BMQ  NMQGŽM TCPRGA?J  L? OS?J M 5#% C M TMJSKC BC CHCŽM QŽM KCLMPCQ #CQQ? K?LCGP?  BGDCPCL?Q LM
    5#%BCPCNMSQMCLMTMJSKCBCCHCŽMAMLR?KN?P??QBGDCPCL?QLM?SKCLRMBMPCNMSQMN?P?MTMJSKCBCCHCŽM
    KŠVGKMCLRPCAMPPGB?CAGAJGQKMAMKN?P?BMQAMK?L?R?ŽM
    (46D;0sr>3>3t18C>20A3w0​2>
    2CMTMJSKCBCCHCŽMNCPK?LCACGL?JRCP?BM ?SKCLRMQCBCAPQAGKMQL?DPC​OS‘LAG?A?PB”?​A??SKCLR?PG?KCBGKGLSGPG?K
    M B@GRM A?PB”?​AM  PCQNCARGT?KCLRC #CQQ? K?LCGP?  AMLRPMJ?P ? DPC​OS‘LAG? A?PB”?​A?  SK KCA?LGQKM NCJM OS?J M B@GRM
    A?PB”?​AMNMBCQCP?JRCP?BMLMPCNMSQM @CKAMKMBSP?LRCSK??RGTGB?BCD”QGA?(ES?JKCLRC ?SKCLRMQCBGKGLSGCQLM
    TMJSKCBCCHCŽM QC?DPC​OS‘LAG?A?PB”?​A?NCPK?LCAC?KCQK? PCQSJR?KCK?SKCLRMQCBGKGLSGCQLMB@GRMA?PB”?​AM
    PCQNCARGT?KCLRC
    .TMJSKCBCCHCŽM?DCR?BMNMPBGTCPQMQKCA?LGQKMQGKNMPR?LRCQ4KBMQKCA?LGQKMQCLTMJTCMTMJSKCBCQ?LESC
    OSCCQRŠLMQTCL​RP”ASJMQ?LRCQB?AMLRP?ŽMCMTMJSKCBCQ?LESCOSCNCPK?LCACLMQTCL​RP”ASJMQ?N™Q?AMLRP?ŽM%GESP?
     .F?<E=5491CDs<93?{>1<,MTMJSKCBCQ?LESCLMQTCL​RP”ASJMQLM¤L?JB?D?QCBCBGŠ nRMJC MSPCJ?V?KCLRM
    BMQ TCL​RP”ASJMQ . F?<E=5 C9CDs<93? {>1< ,)  M TMJSKC BC Q?LESC OSC NCPK?LCAC LMQ TCL​RP”ASJMQ ?M ¤L?J B? D?QC
    QGQR™JGA? MSBCAMLRP?ŽMBMQTCL​RP”ASJMQ COS?ŽM?QCESGPBCKMLQRP??PCJ?ŽMCLRPCTMJSKCBCCHCŽM 5#%C52%
    5$HKl 5#%Kl Z52%Kl 
    4RGJGX?LBMT?JMPCQR”NGAMQN?P?GL​BG​T”​BSMQLŽMRPCGL?BMQCKPCNMSQM PCQSJR?L?QCESGLRCCOS?ŽM
    5$HKl5#%KlZ52%Kl

    86DA0%E>;D<434494sr>t86D0;0>E>;D<4380BC{;82>J=0;<4=>B>E>;D<4B8BC{;82>J=0;,PIFOG?>?
    ?D?‹ŠI JI>? M?L ;OG?HN;>I N;HNI J?FI ;OG?HNI >I PIFOG? >C;MN•FC=I VH;F KO;HNI J?F; >CGCHOC‹ŠI >I PIFOG?
    MCMN•FC=IVH;F

    COS?ŽM?LRCPGMPBCKMLQRP?OSCQCM5#%?SKCLR?CM52%NCPK?LCACAMLQR?LRCMSBGKGLSG M5$H?SKCLR?PŠ-M
    GL”AGMBCSKCVCPA”AGM MPCRMPLMBCQ?LESCTCLMQMN?P?MAMP?ŽM?SKCLR?TCPY!MK@?​KSQASJ?PC!MK@?PCQNGP?R™PG?^ 
    .PCRMPLMTCLMQM?SKCLR?BMCJCT?PŠM5#%CCQRGP?PŠJCTCKCLRCMTCL​RP”ASJM MS?SKCLR?PŠ?NP A?PE?LMTCL​RP”ASJM.
    CQRGP?KCLRMJCTCLMTCL​RP”ASJMPCQSJR?CKSK?DMP?AMLRPŠRGJ?SKCLR?B? NCPKGRGLBMOSCMTCL​RP”ASJM?JA?LACSK52%
    KCLMP$QQC?SKCLRML?DMP?AMLRPŠRGJCKPCQNMQR??SK?SKCLRMLM5#%AF?K?BMBCKCA?LGQKMBC%P?LI 2R?PJGLE
    OSCNMBCQCPCVNJGA?BM CKN?PRC NCJ?PCJ?ŽMAMKNPGKCLRM RCLQŽMBM​KžQASJMTCL​RPGAS​J?P$QQ?PCJ?ŽMPCTCJ?OSCCK
    SKAMKNPGKCLRMK?GMPBMOSCMBCPCNMSQM ?Q¤@P?Qh SQASJ?mCQQCAMLRP?CKAMKDMP?K?GMP PCQSJR?LBMCKSK52%
    KCLMP3?LRMSK?SKCLRMLM5#%OS?LRMSK?BGKGLSGŽMLM52%PCQSJR?KCKSK?SKCLRMLM5$H JKBGQQM CK
    AMKNPGKCLRMQ?SKCLR?BMQB?¤@P?h SQASJ?P MKGMAŠPBGMQCRMPL?K?GQQCLQ”TCJQKSB?L?QL?AMLACLRP?ŽMBC"? 
    C CKAMKNPGKCLRMQ?SKCLR?BMQBC¤@P? K?GQ"? JG@CP?BMBMPCR”ASJMQ?PAMNJ?QKŠRGAM K@MQMQD?RMPCQPCQSJR?K
    CK DMP? AMLRPŠRGJ K?GMP .SRPM D?RMP OSC ?SKCLR? ? DMP? AMLRPŠRGJ TCL​RPGAS​J?P  ? CQRGKSJ?ŽM QGKNŠRGA? BM KGMAŠPBGM
    ?SKCLR?B?  OSC LŽM ?NCL?Q CJCT? ? DPC​OS‘LAG? A?PB”?​A? AMKM R?K@K ? DMP? NPMBSXGB? NCJM KGMAŠPBGM AMLRP?GLBM
    PCN?PCL?%GESP?OSCMQLCPTMQQGKNŠRGAMQA?PB”?​AMQGLCPT?KBGPCR?KCLRCMKGMAŠPBGM 3MBMQCQQCQD?RMPCQCJCT?K?
    DMP?AMLRPŠRGJTCL​RPGAS​J?P PCQSJR?LBMCKSK52%KCLMP ?SKCLR?LBMM5$H#CQQ?K?LCGP? TŠPGMQD?RMPCQAMLRPG@SCK
    N?P?M?SKCLRMLMB@GRMA?PB”?​AMOSCMAMPPCBSP?LRC??RGTGB?BCD”QGA?
    NPCQQŽM?PRCPG?JAMLRP??OS?JMTCL​RP”ASJMCQRŠCHCR?LBMQ?LESCR?K@K?DCR?MTMJSKCBCQ?LESCOSC@MK@C?BM
    SK?TCXOSCCJ?PC¥CRC?PCQGQR‘LAG??M¥SVMQ?LES”L` M/?P?MTCLRm”ASJMCQOSCPBM QC?NPCQQŽM?PRCPG?JKBG?L??MPR?
    ?SKCLR?C?DMP?BCAMLRP?ŽMBMTCL​RP”ASJMLŽMQC?JRCP? M5$HBGKGLSGPŠ(QQM?AMLRCACNMPOSC?DMP?BCAMLRP?ŽMBM
    TCL​RP”ASJMBCTCCVACBCP?NPCQQŽMKBG?L??PRPG?CKOSCMQ?LESCCQRŠQCLBMCHCR?BM QQGK QC?NPCQQŽM?PRCPG?JKBG?
    MSMOSCAF?K?BMBCN™Q A?PE? CQRŠ?SKCLR?B? MTMJSKCBCCHCŽMBGKGLSGPŠ?KCLMQOSC?DMP?AMLRPŠRGJTCL​RPGAS​J?P
    ?SKCLRC v GKNMPR?LRC LMR?P OSC BSP?LRC M CVCPA”AGM M CDCGRM B? N™Q A?PE? LM TCL​RP”ASJM CQOSCPBM  KGLGKGX?BM  CK
    N?PRC NMP A?SQ? B? BGJ?R?ŽM ?PRCPG?J  BGKGLSGLBM ? NPCQQŽM Q?LES”​LC? C ?SKCLR?LBM M PCRMPLM TCLMQM C M 5#% "MKM
    BCQAPGRM ?LRCPGMPKCLRC  SK 5#% K?GMP ?SKCLR? ? DMP? AMLRPŠRGJ TCL​RPGAS​J?P NMP A?SQ? B? JCG BC %P?LI 2R?PJGLE .Q
    KCA?LGQKMQ OSC ?SKCLR?K M TMJSKC BC CHCŽM BSP?LRC ? ?RGTGB?BC D”QGA? BCTCK MAMPPCP QC ? AMLRP?ŽM TCL​RPGAS​J?P
    CQOSCPB?DMPNMBCPMQ?M@?QR?LRCN?P?QSNCP?P?NPCQQŽM?PRCPG?JCJCT?B?OSCMAMPPCBSP?LRC??RGTGB?BCD”QGA?
    DP?ŽMBCCHCŽM?P?XŽMCLRPCMTMJSKCBCQ?LESCBGQNML”TCJN?P?QCPCHCR?B?NCJMTCL​RP”ASJM5#% CMTMJSKCBC
    Q?LESC OSC  CDCRGT?KCLRC @MK@C?B? 5$H   COS?ŽM ? QCESGP PCNPCQCLR? ? DP?ŽM BC CHCŽM C M AŠJASJM B? DP?ŽM BC
    CHCŽMLMPK?JCKPCNMSQM
    %P?ŽMBCCHCŽM%$ 5#%5$H
    $KOSC%$LMPCNMSQMKlKl BCKMBMOSC?%$LMPCNMSQM MS
    4K?SKCLRML?%$K?GMPBMOSC PCNPCQCLR?PG?SK?SKCLRML?DSLŽMTCL​RPGAS​J?P CLOS?LRMSK?BGKGLSGŽML?
    %$PCNPCQCLR?PG?BGKGLSGŽML?DSLŽMTCL​RPGAS​J?P4KKCA?LGQKMNCJMOS?J?%$NMBCPG?BGKGLSGPAMKRMBMQMQMSRPMQ
    D?RMPCQB?DSLŽMA?PB”?​A?NCPK?LCACLBMGES?GQ0, LCLFSK?SKCLRML?AMLRP?RGJGB?BCA?PB”?​A? ?CJCT?ŽML?NPCQQŽM
    Q?LES”​LC? BCLRPM BM T?QM LM OS?J M TCL​RP”ASJM CHCR? Q?LESC 0 ,  N™Q A?PE? K?GMP  $QQ?  SK? B?Q P?XCQ NMP OSC SK
    ?SKCLRM L? NPCQQŽM ?PRCPG?J QGQR‘KGA? BC PCNMSQM  RGNGA?KCLRC BCJCRPGM N?P? ? DSLŽM TCL​RPGAS​J?P "MK M ?SKCLRM L?
    NPCQQŽM?PRCPG?JQGQR‘KGA? ?%$T?GBGKGLSGP ?KCLMQOSCMTCL​RP”ASJMBCQCLTMJT?K?GQDMP? MOSCPCOSCPK?GQRP?@?JFMC
    MVGE‘LGM2C?NPCQQŽM?PRCPG?JQGQR‘KGA??SKCLR?KSGRM QCH?CKPCNMSQMMSBSP?LRCSK??RGTGB?BCD”QGA? MQSNPGKCLRMBC
    Q?LESCN?P?MAMP?ŽMLŽMQCPŠA?N?XBCQSNPGPMVGE‘LGMQS¤AGCLRCN?P?SQMLMKCR?@MJGQKMCPCQSJR?PŠCKPCQNMQR?GQ*
    OS‘KGA?$KAMP?ŽMCQGQRCK?AGPASJ?R™PGMQ?SBŠTCGQ0, LMQOS?GQLŽMFŠLCLFSK?DMPK?ŽMBCNJ?A?OSCCQRPCGRCC
    CLBSPC? ? AMPMLŠPG? MS MQ T?QMQ NCPGDPGAMQ  R?J BCQCLAMLRPM CLRPC QSNPGKCLRM C BCK?LB? BC MVGE‘LGM LŽM ?AMLRCAC
    JK BGQQM  ? BGKGLSGŽM L? NPCQQŽM ?PRCPG?J QGQR‘KGA? BC PCNMSQM  SK BMQ PCQSJR?BMQ BM ,5+<9(5*, MS RPCGL?KCLRM
    A?PBGMT?QASJ?P GKNMPR?LRCNMPOSCBGKGLSGMRP?@?JFMOSCMQTCL​RP”ASJMQBCTCKPC?​JG​X?PN?P?QSNCP?P?N™Q A?PE?/MP
    ¤K MRPCGL?KCLRMR?K@KNMBC?SKCLR?PMTMJSKCBMQTCLoP”ASJMQ

    ,>;D<4E4=​CA82D​;0A4CA48=0<4=C>
    "MK M RPCGL?KCLRM BC ,5+<9(5*,  DMG KMQRP?BM OSC M 5#% TCL​RPGAS​J?P ?SKCLR? R?LRM LM PCNMSQM OS?LRM BSP?LRC SK?
    ?RGTGB?BC D”QGA?   $QQC ?SKCLRM LM 5#%  C AMLQCOSCLRCKCLRC LM TMJSKC BC CHCŽM   PCQNMLQŠTCJ NCJ? DPC​OS‘LAG?
    A?PB”?​A? KCLMP M@QCPT?B? AMKSKCLRC CLRPC ?RJCR?Q BC ,5+<9(5*, . 5#% BCRCAR?BM CLRPC MQ RPCGL?BMQ R?K@K 
    N?PAG?JKCLRC PCQNMLQŠTCJ NMP SK ?SKCLRM BM 5$H BSP?LRC RP?@?JFMQ QS@KŠVGKMQ C KŠVGKMQ ?N™Q M RPCGL?KCLRM BC
    ,5+<9(5*,%GESP? 3?LRMM5$HCM52%TCL​RPGAS​J?PCQOSCPBMLMPCNMSQMKMQRP?P?KAMPPCJ?CQQGELG¤A?RGT?QAMKM
    BCQCKNCLFMBC,5+<9(5*,SJRP?K?P?RML?BCIK CNGAMBCAMLQSKMBCMVGE‘LGM  GLBGA?LBMOSCMTMJSKCTCL​
    RPGAS​J?PCQOSCPBM?DCR?MBCQCKNCLFMBC,5+<9(5*,$QQC?SKCLRMLM5#%A?SQ?BMCKN?PRCNMP?SKCLRMLMTMJSKC
    NJ?QKŠRGAM OSCPCQSJR?CKCLAFGKCLRMJGECGP?KCLRCK?GMPBMTCL​RP”ASJM?LRCQB?AMLRP?ŽM MOSC?SKCLR??DMP?BC
    AMLRP?ŽM NMP KCGM BM KCA?LGQKM BC %P?LI 2R?PJGLE N™Q M RPCGL?KCLRM BC ,5+<9(5*,  M 5$H LM PCNMSQM C BSP?LRC ?
    ?RGTGB?BC R?K@K  CJCT?BM NMP A?SQ? BC ?SKCLRM L? AMLRP?RGJGB?BC TCL​RPGAS​J?P  PCQSJR?LBM CK 52% KCLMP QQGK
    KSGRMQD?RMPCQPCQSJR?KCK?SKCLRMBM5$HLMPCNMSQMCBSP?LRC??RGTGB?BCD”QGA??N™QMRPCGL?KCLRMBC,5+<9(5*,
    $K GL​BG​T”​BSMQ KMBCP?B?KCLRC RPCGL?BMQ MS LŽM RPCGL?BMQ  M 5$H ?SKCLR? AMK ? GLRCLQGB?BC BM CVCPA”AGM ?R
    ?NPMVGK?B?KCLRC  ?  BM NGAM BC AMLQSKM BC MVGE‘LGM N™Q CQQC L”TCJ BC CVCPA”AGM QCP ?JA?L?BM  M 5$H LŽM
    ?SKCLR? K?GQ $LRPCR?LRM  ? DPC​OS‘LAG? A?PB”?​A? RCK SK? @M? PCJ?ŽM JGLC?P AMK M B@GRM A?PB”?​AM C AMK M NGAM BC
    AMLQSKMBCMVGE‘LGM?R?QA?PE?QKŠVGK?QBCRP?@?JFM$QQ?@M?PCJ?ŽMJGLC?PN?P?0\CMNGAMBCAMLQSKMBCMVGE‘LGM
    C ? PCJ?RGT? D?AGJGB?BC AMK OSC CJ? NMBC QCP KCBGB? AMK NPCAGQŽM  OSC D?X B? DPC​OS‘LAG? A?PB”?​A? SK? @M? KCBGB? B?
    GLRCLQGB?BC BSP?LRC M ,5+<9(5*, MS RPCGL?KCLRM A?PBGMT?QASJ?P $K@MP? M 5$H LM TCL​RP”ASJM BGPCGRM LŽM QCH? KCBGBM
    DPCOSCLRCKCLRC  CLRCLBC QC OSC  QC M 5$H BM TCL​RP”ASJM CQOSCPBM ?SKCLR?  M 5$H BM TCL​RP”ASJM BGPCGRM BCTC CLRŽM
    ?SKCLR?P N?P? K?LRCP SK B@GRM A?PB”?​AM GES?J LMQ TCL​RP”ASJMQ N™Q SK NPMEP?K? BC RPCGL?KCLRM AMK NCQM  M 5#%
    TCL​RPGAS​J?PCQOSCPBMLMPCNMSQMT?PG?KSGRMNMSAM QCT?PG?/MPA?SQ?B?PCJ?ŽMCLRPCDPC​OS‘LAG?A?PB”?​A? 5$HC0\
    SK?D?JR?BCKSB?L?LM5#%CVNJGA? CKN?PRC NMPOSC?DPC​OS‘LAG?A?PB”?​A?BCPCNMSQMECP?JKCLRCKSB?KSGRMNMSAM
    AMKMRPCGL?KCLRMBCDMP?RP?BGAGML?JNMSA?QPCNCRGCQAMKEP?LBCNCQMNMPQPGC 3?LRMMRPCGL?KCLRMBC,5+<9(5*,
    OS?LRM M RPCGL?KCLRM AMK NCQM NMBCK ?SKCLR?P ? CQNCQQSP? B? N?PCBC TCL​RPGAS​J?P CQOSCPB? $LRPCR?LRM  AMK M
    RPCGL?KCLRMBC,5+<9(5*, SK?SKCLRMR?LRMLM5#%OS?LRML?CQNCQQSP?B?N?PCBCAMLRPG@SCKN?P??SKCLRML?K?QQ?
    TCL​RPGAS​J?P CQOSCPB? "MK M RPCGL?KCLRM BC DMP?  CLRPCR?LRM  M ?SKCLRM L? K?QQ? TCL​RPGAS​J?P CQOSCPB? QC BCTC
    NPGLAGN?JKCLRC ? ?SKCLRM L? CQNCQQSP? B? N?PCBC TCL​RPGAS​J?P CQOSCPB? %GESP?   . ?SKCLRM L? K?QQ? TCL​RPGAS​J?P
    CQOSCPB? BCRCAR?BMCLRPC?RJCR?QBCPCQGQR‘LAG? AMLRPG@SGN?P?SK?A?N?AGB?BCKCJFMP?B?BCK?LRCPM5$HCM0\BSP?LRC
    ? ?RGTGB?BC BC RPCGL?KCLRM AMK NCQM  NMPOSC CJC NCPKGRC BCQCLTMJTGKCLRM BC DMP? TCL​RPGAS​J?P CQOSCPB? K?GMP N?P?
    CHCR?PQ?LESCAMLRP??NPCQQŽM?PRCPG?JQGQR‘KGA?K?GMPCLAMLRP?B?BSP?LRCMRPCGL?KCLRMAMKNCQM#CQQ?K?LCGP? ?K@MQ
    MQRGNMQBCRPCGL?KCLRMNMBCKPCQSJR?PCK?B?NR?CQLMTCL​RP”ASJMCQOSCPBM
    86DA0  % E>;D<4 380BC{;82> J=0; 0D<4=C03> 4 > E>;D<4 B8BC{;82> J=0; 38<8=Dw3[  2>=CA81D4< ?0A0
    E>;D<4 34 494sr> 4 3t18C> 20A3w0​2> 0D<4=C03>B 3DA0=C4 0 0C8E83034 5wB820 "G CH​>C​P​>OIM HŠI NL?CH;>IM IO
    GI>?L;>;G?HN?NL?CH;>IM
    ;J•M;JLIRCG;>;G?HN?;>IJC=I>?=IHMOGI>?IRCAHCI
    IPIFOG?>??D?‹ŠI
    ;NCHA?OGJF;N– MMCG
    ;J•M?MM?HP?F>?NL;<;FBI
    ;šHC=;G;H?CL;>?;OG?HN;LI>Œ<CNI=;L>;​=IŒ;OG?HN;H>I;
    @L?​KOH=C;=;L>;​=;

    86DA0 
      <0BB0 E4=​CA82D​;0A 4B@D4A30 0D<4=C0 C0=C> 2>< > CA48=0<4=C> 34   @D0=C> 2>< >
    CA48=0<4=C>2><?4B> IGINL?CH;G?HNI>? 
    ?MM;?F?P;‹ŠIM?>?P?
    ?GJ;LN?
    ;OG;OG?HNIN;HNI
    HI PIFOG? >C;MN•FC=I VH;F KO;HNI H; ?MJ?MMOL; >; J;L?>? P?HkLC=Oc;L ?MKO?L>;  IG I NL?CH;G?HNI =IG J?MI
     ;
    ?F?P;‹ŠIM?>?P?JL?>IGCH;HN?G?HN?;OG;OG?HNIH;?MJ?MMOL;>;J;L?>?P?H​NLC=O​F;L?MKO?L>;

    D=s~4BB8BC{;8204380BC{;820
     %$  ?NCL?Q SK? KCBGB? B? DSLŽM QGQR™JGA?  R?V? KBG? BM ¥SVM Q?LES”i CM N?P? DMP? BC SK? A‹K?P? A?PB”?^? C ?
    TCJMAGB?BCBCCLASPR?KCLRMB?¤@P?h SQASJ?PQŽMMSRP?QKCBGB?QB?DSLŽMQGQR™JGA?RMB?QCJ?QGLBGA?K¥SVMBCQ?LESC
    K?GMPMSK?GQPŠNGBMN?P?DMP?BMTCL​RP”ASJMOSCQCAMLRP?G QKCBGB?QB?DSLŽMBG?QR™JGA?QŽM@?QGA?KCLRC?QKCQK?Q
    KCBGB?Q  CVACRM NMP CJ?Q QC PCJ?AGML?PCK AMK ? R?V? CK OSC ?Q A‹K?P?Q QC CLAFCK BC Q?LESC BSP?LRC ? D?QC BC
    PCJ?V?KCLRMBMAGAJMA?PB”?​AM N?PRGAGN?ŽMCKSKNPMEP?K?BCRPCGL?KCLRMAMKNCQMPCQSJR?CKNMSA?MSLCLFSK?
    KSB?L?L?DSLŽMQGQR™JGA?MSL?BG?QR™JGA?TCL​RPGAS​J?PCQOSCPB? CLOS?LRM?PC?​JG​X?ŽMBCRPCGL?KCLRMBC,5+<9(5*,Z
    CK@MP?LŽMRCLF?QGBMBCKMLQRP?BMAMLQGQRCLRCKCLRCZNMBCNPMKMTCP?SKCLRML?DSLŽMQGQR™JGA?/MPMSRPMJ?BM 
    SK PCQSJR?BM AMLQGQRCLRC BM RPCGL?KCLRM M ?SKCLRM L? DSLŽM BG?QR™JGA?  QCESGP  QCPŠ CV?KGL?BM SK AMKNMLCLRC
    KSGRMGKNMPR?LRCBMQGQRCK?AGPASJ?R™PGM MQ?LESC

    ! 

    %5x3:E@42C5{2​4@x@AC@5FE@527C6​BFy?4:242C5{2​42A6=@G@=F>6566;6wv@
    %5x3:E@42C5{2​4@A@56D6C2F>6?E25@@F5:>:?F{​5@E2?E@2F>6?E2?5@@F5:>:?F:?5@@G@=F>6566;6wv@@F567C6​BFy?4:242C5{2​42
    %G@=F>6566;6wv@x25:76C6?w26?EC6@G@=F>65:2DE=:4@L?2=6@G@=F>6D:DE=:4@L?2=
    % EC6:?2>6?E@ 26C3:@ 42FD2 F> 2F>6?E@ ?@ G@=F>6 5:2DE=:4@ L?2= C6DF=E2?5@ 6> 2F>6?E@ ?@ 5x3:E@ 42C5{2Q@ 6?BF2?E@ @
    EC6:?2>6?E@56C6D:DEy?4:2?v@276E256>@5@D:8?:L42E:G@@G@=F>65:2DE=:4@L?2=
    % EC6:?2>6?E@ 26C3:@ 2F>6?E2 2 7F?wv@ 5:2DE=:42 G6?​EC:4F​=2C A@Cx> 2D >F52?w2D ?2 7F?wv@ D:DE=:42 G6?​EC:4F​=2C A@C 42FD2 5@
    EC6:?2>6?E@Dv@:?4@?D:DE6?E6D
    %EC6:?2>6?E@4@>A6D@AC@G@42A@F42@F?6?9F>2>F52?w26>2>32D2D7F?w‚6DD:DE=:4265:2DE=:42G6?​EC:4F​=2C6D

    *2?8F6
    .Q?LESCMNPGLAGN?JAMKNMLCLRCBMQGQRCK?AGPASJ?R™PGM CGKNMPR?LRCN?P?MBCQCKNCLFMBCRMB?Q?QDSLCQBCQQC
    QGQRCK?$QR?QCŽMAM@PGPŠ?NPCQQŽMQ?LES”​LC?C?AMKNMQGŽMBMQ?LESC ?K@MQQCLBMGKNMPR?LRCQN?P?MKMTGKCLRMBM
    Q?LESC?RP?TQBMQGQRCK?AGPASJ?R™PGM MOSC NMPQS?TCX ?DCR??DSLŽMEJM@?JBMQGQRCK?AGPASJ?R™PGM

    4(55^15$0*7b​0($
     NPCQQŽM Q?LES”​LC? BCLRPM BC SK T?QM CQNCA”¤AM LM QGQRCK? AGPASJ?R™PGM  TGR?J N?P? M DSLAGML?KCLRM A?PBGMT?QASJ?P
    NMPOSC M Q?LESC ¥SG BC SK? ®PC? BC ?JR? NPCQQŽM N?P? SK? ®
    PC? BC KCLMP NPCQQŽM $QQC NPGLA”NGM  M OSC BCRCPKGL? ?
    L?RSPCX?AGPASJ?LRCBM¥SVMQ?LES”i CMAMLDMPKCMQ?LESCN?QQ?NCJ??MPR?OSCK?GQNP™VGK?BMTCLoP”ASJMCQOSCPBMC
    MLBC ? NPCQQŽM Q?LES”​LC?  K?GMP  ?RP?TQ B?Q ?PRPG?Q  BCNMGQ NCJMQ A?NGJ?PCQ C  ¤L?JKCLRC  ?RP?TQ B?Q TCG?Q  NMPOSC ?
    NPCQQŽMBGKGLSG?A?B?N?QQM?BG?LRCLCQQ?HMPL?B?.GKN?ARMB?NPCQQŽMQ?LES”​LC??N?PCLRCKCBGB?OSCR?K@KM
    ?NPCQQŽMLMGLRCPGMPBMQT?QMQQ?LES”​LCMQBCLRPMBMQOS?GQMQTCL​RP”ASJMQCQOSCPBMCBGPCGRMCHCR?KQ?LESC OSC CKN?PRC
    BCRCPKGL? M B@GRM A?PB”?​AM C ? DP?ŽM BC CHCŽM 4K CLRCLBGKCLRM DSLB?KCLR?BM BM CDCGRM B? NPCQQŽM Q?LES”​LC? LM
    DSLAGML?KCLRMBMQGQRCK?AGPASJ?R™PGMBCNCLBCBMAMLFCAGKCLRMB?QJCGQOSCEMTCPL?KMKMTGKCLRMBCOS?JOSCP¥SGBM
    GLAJSQGTCMQ?LESC

    "48B@D46>E4A=0<>KDG>B0=6Dw
    Z4>
    "MKM RMBMQ MQ ¥SGBMQ  M ¥SVM Q?LES”L` M LM QGQRCK? AGPASJ?R™PGM  BCRCPKGL?BM NMP AMLACGRMQ D”QGAMQ /PGKCGPM  QC
    NMQQ”TCJ MQ?LESC¥SGPŠBCSK?®PC?AMK?JR?NPCQQŽMN?P?SK?®PC?BCKCLMPNPCQQŽM-ŽMQ™MQ?LESC¥SGPŠN?P?SK?
    ŠPC?BCKCLMPNPCQQŽM K?Q?R?V?BC¥SVMQCPŠNPMNMPAGML?JBGDCPCL?BCNPCQQŽMCLRPCMQJ?BMQBCSKT?QMQ?LES”i CM
    MSCLRPCOS?GQOSCPBS?QA‹K?P?QBCLRPMBMQGQRCK?AGPASJ?R™PGM QQGK SKKMBMBC?SKCLR?PM¥SVMBCLRPMBMQGQRCK?
    AGPASJ?R™PGM?SKCLR?P?BGDCPCL?BCNPCQQŽMCLRPCBS?Q​ŠPC?Q AMKM?SKCLR?LBM?DMP?AMKOSCMTCL​RP”ASJMQCAMLRP?G
    %JSVMQ?LES”​LCM,SB?L?L?NPCQQŽM1CQGQR‘LAG??M¥SVM
    $QQ? COS?ŽM BCKMLQRP? OSC M ¥SVM NMBC QCP ?SKCLR?BM NCJ? ?KNJG?ŽM B? BGDCPCL? BC NPCQQŽM CLRPC BS?Q ® PC?Q MS
    NCJ?BGKGLSGŽML?PCQGQR‘LAG??M¥SVM"MLRSBM SK?SKCLRMBCBS?QTCXCQL?BGDCPCL?BCNPCQQŽM?SKCLR?PG?M¥SVM
    BS?QTCXCQ CLOS?LRMSK?SKCLRMBCBS?QTCXCQL?PCQGQR‘LAG?BGKGLSGPG?M¥SVMQ?LES” i CMNCJ?KCR?BC QQGK NMQQ”TCJ
    AMLRPMJ?P?QKSB?L?QLM¥SVMQ?LES” i CMNCJMAMLRPMJCQGKSJR‹LCMB?QKSB?L?QL?NPCQQŽMCL?PCQGQR‘LAG??M¥SVM#C
    D?RM GQQMMOSC?AMLRCACBSP?LRCMCVCPA”AGM
    "MKM ? PCQGQR‘LAG? ?M ¥SVM NMBC QCP AMLRPMJ?B? 0S?LRM K?GMP DMP M T?QM Q?LES”i CM  K?GMP ? PCQGQR‘LAG? ?M ¥SVM
    $LRPCR?LRM MAMKNPGKCLRMBMT?QMLŽMKSB?CVACRMBSP?LRCMAPCQAGKCLRMLMPK?J QQGK ?KSB?L?LMAMKNPGKCLRM
    BMQ T?QMQ LŽM  SK KCA?LGQKM NCJM OS?J ? PCQGQR‘LAG? ?M ¥SVM NMQQ? QCP ?JRCP?B? $K QCESLBM JSE?P  OS?LRM K?GMP ?
    TGQAMQGB?BCBMQ?LESC K?GMP?PCQGQR‘LAG??M¥SVM$KAMLBGCQLMPK?GQ ?TGQAMQGB?BCQ?LES”i C?NMBCKSB?PJCTCKCLRC
    LMPCNMSQMMSBSP?LRC??RGTGB?BCD”QGA?/MPCVCKNJM ?BCQGBP?R?ŽMNMBCPG??SKCLR?P?TGQAMQGB?BCQ?LES”​LC?/MPK M
    AMLRPMJC B? TGQAMQGB?BC Q?LES”​LC? LŽM  SK KCA?LGQKM NCJM OS?J M AMPNM FSK?LM RCLRC AMLRPMJ?P M ¥SVM Q?LES” i CM
    .SRPM KCA?LGQKM NCJM OS?J M ¥SVM NMBC QCP ?JRCP?BM CLTMJTC KSB?L?Q LM P?GM BC SK T?QM Q?LES”i CM N?P? ?DCR?P ?
    PCQGQR‘LAG??M¥SVM
    vNMQQ”TCJ?DCR?PCLMPKCKCLRCM¥SVMQ?LES”i CMAMKKSB?L?QPCJ?RGT?KCLRCNCOSCL?QLMP?GMBMQT?QMQQ?LES”i CMQ
    NMPOSCPCBSXGLBMMP?GMBCSKT?QMNCJ?KCR?BC ?SKCLR? QC?PCQGQR‘LAG??M¥SVMCKTCXCQ.AMLRPMJCBMP?GMBMQ
    T?QMQQ?LES”​LCMQ?NPGLAGN?JK?LCGP?AMKOSCM¥SVMQ?LES” i CMN?P??QBGDCPCLRCQ ®PC?QBMAMPNMAMK?LB?B?R?LRM
    BSP?LRCMCVCPA”AGMOS?LRMLMPCNMSQM JKBGQQM NCOSCL?QT?PG?CQLMP?GMBCSKT?QMNMPA?SQ?BM?AžKS​JMBCNJ?A?
    CKQS?QN?PCBCQGLRCPGMPCQR?K@K?SKCLR?K?PCQGQR‘LAG??M¥SVMBCQ?LESCC ?QQGK ?NPCQQŽM?PRCPG?JBCTC?SKCLR?P
    N?P?OSCM¥SVMQCH?K?LRGBM,SB?L?QL?NPCQQŽMQ?LES” i C?BSP?LRCSKAGAJMA?PB”? ^MCBGDCPCL?QL?NPCQQŽMCKTŠPG?Q
    NMPCQBMQGQRCK?AGPASJ?R™PGMQCPŽMBGQASRGB?Q?QCESGP

    &A4BB~4B0AC4A808BB8BC{;8204380BC{;820
    QNPCQQCQ?PRCPG?GQQGQR™JGA?CBG?QR™JGA?QCPCDCPCKK?GMPNPCQQŽMOSCMAMPPCBSP?LRC?Q”QRMJCCKCLMPNPCQQŽMOSC
    MAMPPCBSP?LRC?BGŠ​QRMJC PCQNCARGT?KCLRC&CP?JKCLRC ?NPCQQŽM?PRCPG?JQGQR‘KGA?KCBGB?BCLRPMB??PRPG?@P?OSG?J
    SRGJGX?LBM QCSKCQ¤EKMK?LšKCRPM?N?PCJFMBCKCBGP?NPCQQŽM?PRCPG?J CSKCQRCRMQA™NGM#CQQ?K?LCGP? MQT?JMPCQ
    R”NGAMQ BC  C  KK'E BC NPCQQŽM ?PRCPG?J QGQR‘KGA? BC PCNMSQM QC PCDCPCK  NPCQQŽM Q?LES”​LC? BCLRPM B? ?PRPG?
    @P?OSG?J $LRPCR?LRM  ?Q NPCQQCQ Q?LES”​LC?Q BCLRPM BC ​ŠPC?Q CQNCA”¤A?Q BM QGQRCK? AGPASJ?R™PGM NCPGDPGAM QŽM @CK
    BGDCPCLRCQB?NPCQQŽMQ?LES”​LC?BCLRPMB??PRPG?@P?OSG?J%GESP?  QNPCQQCQK?GQ?JR?QMAMPPCKBCLRPMBMTCL​
    RP”ASJMCQOSCPBMC CLRŽM NMPA?SQ?B?BGKGLSGŽMAML​R”​LS?LMQP?GMQBMQT?QMQ MOSC?SKCLR??PCQGQR‘LAG??M¥SVM ?
    NPCQQŽM ?PRCPG?J BGKGLSG AMLDMPKC M Q?LESC N?QQ? ?RP?TQ B?Q EP?LBCQ ?PRPG?Q  B?Q ?PRCP”M​J?Q C BMQ A?NGJ?PCQ  K?GMP
    BGKGLSGŽMBCNPCQQŽMMAMPPCBCLRPMBMQA?NGJ?PCQNMPOSCMQP?GMQBCQQCQT?QMQQŽMKSGRMNCOSCLMQ?NPMVGK?B?KCLRCM
    P?GM BC SK CPGRP™AGRM 
     -MR? QC OSC ?Q NPCQQCQ BCLRPM BM QGQRCK? TCLMQM QŽM @CK @?GV?Q AMKN?P?B?Q AMK ?OSCJ?Q BM
    QGQRCK??PRCPG?J NPGLAGN?JKCLRCNMPA?SQ?B?NCPB?BCNPCQQŽMAMLDMPKCMQ?LESCN?QQ??RP?TQBMQA?NGJ?PCQ
    86DA0 #D30=s0B=0B?A4BB~4BB8BC{;8204380BC{;820=028A2D;0sr>?4A85tA820,ONL;G;H?CL;>?;OG?HN;LI
    WORIŒ>CGCHOCL;L?MCMNH=C;;?F? "HNL?N;HNI
    >C@?L?H‹;MH;JL?MMŠIMŠI>CL?N;G?HN?JLIJIL=CIH;CM;OG;OG?HNI
    HI WORI
     ?HKO;HNI ; L?MCMNH=C; Œ CHP?LM;G?HN? JLIJIL=CIH;F ‰M GO>;H‹;M HI WORI  MMCG
     ; ?KO;‹ŠI M?AOCHN?
    JI>?M?LONCFCT;>;J;L;>?M=L?P?LI?@?CNI>;JL?MMŠI?>;L?MCMNH=C;HIWORIM;HAO e?I

    NPCQQŽMR?K@KNMBCQCP?DCR?B?NMPMSRPMQD?RMPCQ?JKBMP?GMBMT?QM2CMB@GRMA?PB”?​AM?SKCLR? ?NPCQQŽMLM
    QGQRCK??PRCPG?J?SKCLR?PŠNMPOSCK?GQQ?LESCQCPŠCHCR?BMN?P??Q?PRPG?QSK?SKCLRML?OS?LRGB?BCBC¥SGBMCKSK
    AMKN?PRGKCLRMBCR?K?LFM¤VM?SKCLR??NPCQQŽM  QQGK ?NPCQQŽM?PRCPG?JQGQR‘KGA??SKCLR?BSP?LRC??RGTGB?BCD”QGA?
    NMPOSCMB@GRMA?PB”?​AMCJCT?BM.?SKCLRML?NPCQQŽMAMKMPCQSJR?BMBCSKB@GRMA?PB”?​AMK?GMPAMKNCLQ?BM
    N?PAG?JKCLRCNCJ?CJ?QRGAGB?BCMSA?N?AGR‹LAG?ZR?K@KAF?K?B?BCAMKNJ?A‘LAG?T?PG?ŽMLMTMJSKCNCJ?T?PG?ŽML?
    NPCQQŽM  Z B?Q ?PRPG?Q NCPGDPGA?Q Q?SBŠTCGQ  NCPKGRGLBM OSC CJ?Q CVN?LB?K OS?LBM K?GQ Q?LESC  CHCR?BM N?P? BCLRPM
    BCJ?Q NCJM TCL​RP”ASJM CQOSCPBM  A?N?AGB?BC B?Q ?PRPG?Q K?GMPCQ BC CVN?LBGPCK OS?LBM K?GQ Q?LESC  CHCR?BM LCJ?Q
    PCQSJR?CKSK?SKCLRMBCNPCQQŽMKCLMPAMK?QCJCT?CQLMB@GRMA?PB”?​AM
     A?N?AGR‹LAG? B?Q ?PRPG?Q N?PCAC ?SKCLR?P AMK M RPCGL?KCLRM ?CP™@GM  CLOS?LRM M CDCGRM BM RPCGL?KCLRM BC
    PCQGQR‘LAG? L? A?N?AGR‹LAG? LŽM CQRŠ AJ?PM  AMK BCAPQAGKMQ  ?SKCLRMQ  MS QCK ?JRCP?CQ TGQ”TCGQ ?N™Q SK NCP”M​BM BC
    RPCGL?KCLRM BC PCQGQR‘LAG?    4K ?SKCLRM L? A?N?AGR‹LAG? AMK M RPCGL?KCLRM ?HSB?PG? ? AMKNCLQ?P ? BMCL​?
    A?PBGMT?QASJ?P?PRCPGMQAJCPMQCMSCLBSPCAGKCLRMB?Q?PRPG?Q  QQGK OS?JOSCPBGKGLSGŽML?A?N?AGR‹LAG?AMKMPCQSJR?BM
    BCSKRPCGL?KCLRMBCPCQGQR‘LAG?NMBCPG?RCPAMLQC​OS‘LAG?QLCE?RGT?QCKJMLEMNP?XML?Q?ž​BCA?PBGMT?QASJ?P/CQOSGQ?Q
    PCTCJ?K AMLRSBM OSC?PC?​JG​X?ŽMBCSKRPCGL?KCLRMOSCAMLRCLF?R?LRMCVCPA”AGMQBCPCQGQR‘LAG?OS?LRMBC,5+<9(5*,
    RPCGL?KCLRM APSX?BM  PCQSJR? CK ?SKCLRM L? AMKNJ?A‘LAG?  GLBGA?LBM OSC M RPCGL?KCLRM ?CP™@GM NMBC AMKNCLQ?P
    OS?JOSCPCDCGRMLCE?RGTML?AMKNJ?A‘LAG?OSCNMBCPG?QSPEGPBCSKRPCGL?KCLRMBCPCQGQR‘LAG?GQMJ?BM QQGK RPCGL?BMPCQ
    BCPCQGQR‘LAG?GLRCPCQQ?BMQL?AMLBGŽMD”QGA?RMR?JR?K@KBCTCPG?KPC?​JG​X?PRPCGL?KCLRM?CP™@GM
    .SRP?KCBGB?A?PBGMT?QASJ?PGKNMPR?LRCBCRCPKGL?B?AMKDPC​OS‘LAG??NPCQQŽM?PRCPG?J OSCTGQR?AMKM?NPCQQŽM
    ?PRCPG?JKBG?OSCBGPCAGML?MQ?LESCN?P?MQRCAGBMQBSP?LRCMAGAJMA?PB”?​AM NPCQQŽM?PRCPG?JKBG?BC¤LGB?AMKM?
    NPCQQŽMBG?QR™JGA?K?GQB?BGDCPCL?CLRPC?QNPCQQCQQGQR™JGA?CBG?QR™JGA? COS?ŽM?QCESGPBCKMLQRP?MAŠJASJMB?
    NPCQQŽM?PRCPG?JKBG?R”NGA?LMPCNMSQM
    /PCQQŽM?PRCPG?JKBG?/ , /PCQQŽM?PRCPG?JBG?QR™JGA?  n:/PCQQŽM?PRCPG?JQGQR™JGA?Z/PCQQŽM?PRCPG?J
    BG?QR™JGA?<
    / ,KK'E  n:ZKK'E<
    / , KK'E
    .JF?LBM N?P? GQQM  NMBC QC GK?EGL?P NMP OSC ? NPCQQŽM ?PRCPG?J KBG? LŽM  QGKNJCQKCLRC ? KBG? CLRPC ?Q NPCQQCQ
    ?PRCPG?GQ QGQR™JGA? C BG?QR™JGA?  M OSC PCQSJR?PG? CK SK? NPCQQŽM BC  KK'E #SP?LRC M AGAJM A?PB”?​AM   E?QRM K?GQ
    RCKNM CK NPCQQCQ NP™VGK?Q  NPCQQŽM BG?QR™JGA? BM OSC  NPCQQŽM QGQR™JGA?  PCQSJR?LBM CK SK? NPCQQŽM ?PRCPG?J KBG?
    KCLMPBMOSC?KBG?QGKNJCQB?QNPCQQCQQGQR™JGA?CBG?QR™JGA?
    ,CR? ?LŠJGQCQ BCKMLQRP?K OSC MQ RPCGL?KCLRMQ ?CP™​@GM   C BC NCQM   NMBCK PCBSXGP QGELG¤A?RGT?KCLRC ?Q
    NPCQQCQ ?PRCPG?GQ QGQR™JGA? C BG?QR™JGA? LM PCNMSQM CK GL​BG​T”​BSMQ AMK NPCQQŽM ?PRCPG?J LMPK?J Z MS QCH?  OSCK 
    >?B=?D5>C?Z CCKGL​BG​T”​BSMQAMK89@5BD5>Cj? MSQCH? AMKNPCQQŽM?PRCPG?JBCPCNMSQM?SKCLR?B?TCP"?N”RSJM 
    $K@MP?CQQ?QKSB?L?QL?NPCQQŽM?PRCPG?JBCPCNMSQMQCH?KQGELG¤A?RGT?Q CJ?QQŽMPCJ?RGT?KCLRCNCOSCL?QR?LRMN?P?M
    RPCGL?KCLRM?CP™@GM?KK'E OS?LRMN?P?MRPCGL?KCLRMAMKNCQM?KK'E  K@MQMQRGNMQBCRPCGL?KCLRM
    R‘K QGBM PCAMKCLB?BMQ AMKM CDCRGTMQ L? PCBSŽM B? NPCQQŽM ?PRCPG?J BC PCNMSQM CK GL​BG​T”​BSMQ LMPKMRCLQMQ C CK
    FGNCPRCLQMQ
    #SP?LRC MQ CVCPA”AGMQ BC RPCGL?KCLRM ?CP™@GM C BC PCQGQR‘LAG? !MVC   AMK CVCPA”AGMQ N?P? MQ @P?MQ MS N?P? ?Q
    NCPL?Q!MVC ?NPCQQŽM?PRCPG?JQGQR‘KGA??SKCLR?KSGRM$LRPCR?LRM AMKMRPCGL?KCLRM?CP™@GMBCJMLEMNP?XM ?
    NPCQQŽM?PRCPG?J?A?PE?QBCRP?@?JFMQS@KŠVGK?QQŽMPCBSXGB?Q CSK?TCXOSC ?N™QMRPCGL?KCLRM ?A?PE?BCRP?@?JFM
    KŠVGK??JA?LŠTCJ?SKCLR?B? ?NPCQQŽM?PRCPG?JQGQR™JGA?KŠVGK?NMBC?SKCLR?P"MKMRPCGL?KCLRMBCPCQGQR‘LAG?CK
    JMLEMNP?XM ?NPCQQŽM?PRCPG?JQS@KŠVGK?BSP?LRC??RGTGB?BCD”QGA? AMKMA?KGLF?B?L?CQRCGP?C@GAGAJCR?CPEMKRPGA? C
    BSP?LRCMCVCPA”AGMBCRPCGL?KCLRMAMKNCQM R?K@KQŽMBGKGLS”​B?Q&CP?JKCLRC N?PCACOSC?K@MQMQRPCGL?KCLRMQ
    ?CP™@GMCBCPCQGQR‘LAG?NMBCKPCBSXGP?NPCQQŽM?PRCPG?JBCPCNMSQMCBSP?LRC??RGTGB?BCD”QGA?QS@KŠVGK?/MPA?SQ?BMQ
    CDCGRMQNMQGRGTMQB??RGTGB?BCD”QGA?L?NPCQQŽM?PRCPG?J DMP?KCQR?@CJCAGB?QBGPCRPGXCQN?P?NPCQAPGŽMBCCVCPA”AGMQOSCJCQ
    AMKFGNCPRCLQŽM!MVC  QCESGP MQ?LESCQCPŠRP?R?BMAMKK?GQBCR?JFCQ

    ,4& 
    =c7)4<))8:-;;c7):<-:1)487,-t+):,=:)6<-))<1>1,),-;)4<);
    8:-;;o-;;)6/=h​6-);,=:)6<-))<1>1,),-)8:-;-6<)5)4/=5:1;+7
    #SP?LRC SK CVCPA”AGM ?CP™@GM  AMLDMPKC ? A?PE? BC RP?@?JFM ?SKCLR?  ? NPCQQŽM ?PRCPG?J QGQR™JGA? CK GL​BG​T”​BSMQ
    LMPKMRCLQMQ NMBC ?JA?L?P T?JMPCQ RŽM ?JRMQ OS?LRM  KK'E  CLOS?LRM ? NPCQQŽM BG?QR™JGA? ?SKCLR? ?NCL?Q
    JCTCKCLRC%GESP? #SP?LRCMRPCGL?KCLRMAMKNCQMCKQPGCQ?R?D?JF?DMP?KKMQRP?B?QNPCQQCQQGQR™JGA?C
    BG?QR™JGA?BCKK'EBSP?LRCMCVCPA”AGMBC3,.79,::%GESP?! CBCKK'EBSP?LRCMCVCPA”AGMBC
    CVRCLQŽM BM HMCJFM #SP?LRC M RPCGL?KCLRM AMK NCQM  ? NPCQQŽM ?PRCPG?J BSP?LRC ?Q PCNCRGB?Q QPGCQ ?R ? D?JF?
    ?SKCLR?NPMEPCQQGT?KCLRCBSP?LRCA?B?QPGCPC?​JG​X?B? NPCQQŽM?PRCPG?JQGQR‘KGA?CJCT?B?PCQNMLQŠTCJ CKN?PRC
    NCJM?SKCLRML?CQNCQQSP?B?N?PCBCTCL​RPGAS​J?PCQOSCPB?A?SQ?BMNCJMRPCGL?KCLRMBCJMLEMNP?XM MOSCNMBCQCP
    TGQRM AMKM SK? ?B?NR?ŽM NMQGRGT? ?M RPCGL?KCLRM JR?Q NPCQQCQ ?PRCPG?GQ BSP?LRC ? ?RGTGB?BC NMBCPG?K
    BCQCLA?BC?PSKGLD?PRMBMKGMAŠPBGM K?QPCBSŽML?NPCQQŽM?PRCPG?JBCPCNMSQMCBSP?LRC?RGTGB?BCQQS@KŠVGK?Q
    C MSRP?Q ?B?NR?CQ NMQGRGT?Q  AMKM ? BGKGLSGŽM Q?LES”​LC? B? JGNMNPMRC”​L? BC @?GV? BCLQGB?BC  PCQSJR?K CK
    PCBSŽMECP?JLMPGQAMBCGLD?PRMBMKGMAŠPBGMTCP"?N”RSJM 
    86DA0  !OL;HN? ; ;NCPC>;>? ;?L•<C;
     ;M JL?MM™?M ;LN?LC;CM GŒ>C; ? MCMN•FC=; ;OG?HN;G   JL?MMŠI ;LN?LC;F
    >C;MN•FC=;>OL;HN?;;NCPC>;>?;?L•<C;HILG;FG?HN?;OG?HN;GOCNIJIO=I

    86DA0!OL;HN?INL?CH;G?HNI=IGJ?MIM
    ;JL?MMŠI;LN?LC;FHI?R?L==CI;OG?HN;=IH@ILG?OG;MŒLC?Œ
    @?CN;;NŒ@;FB;L??GMŒLC?MMO=?MMCP;M rGIMNL;>;;L?MJIMN;>;JL?MMŠI;LN?LC;F>OL;HN?MŒLC?MMO=?MMCP;M
    ;NŒ ; @;FB; ?G OG ?R?L==CI >?     >;JN;>; >? $INMB;FF /4
     $IING;H '
     SLH?M 4   
    +IHCHP;MCP?=B;L;=N?LCT;NCIHI@NB?<FII>JL?MMOL?L?MJIHM?NINB?>IO<F? F?AJL?MM?R?L=CM? '"R?L=-BSMCIF
    ,HFCH?
    QQQ =MM ?>O OM?LM N<IIH? 

    %121>g:/5-?
     "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE?LB/PCQAPGNRGML/FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ 
     ,?A#MSE?JJ )#  3SVCL #  2?JC #&  CR ?J PRCPG?J @JMMB NPCQQSPC PCQNMLQC RM FC?TW PCQGQR?LAC CVCPAGQC ) NNJ /FWQGMJ
    Z
     %JCAI 2)  #C?L +2 1CQGQR?LAC RP?GLGLE CVNCPGCLAC ?LB RFC NPCQQMP PCQNMLQC BSPGLE PCQGQR?LAC CVCPAGQC ) NNJ /FWQGMJ
    Z
    ! 

    :76C6?w2D?2AC6DDv@D2?8F{​?62AC@>@G6>@>@G:>6?E@56D2?8F656?EC@5@D:DE6>24:C4F=2EC:@
    :76C6?w2D ?2 AC6DDv@ D2?8F{​?62 Dv@ 5:C6E2>6?E6 AC@A@C4:@?2:D 2 F> 2F>6?E@ ?@ MFI@ 6?BF2?E@ 2 C6D:DEy?4:2 x :?G6CD2>6?E6
    AC@A@C4:@?2=2>F52?w2D?@MFI@56D2?8F6
    AC6DDv@2CE6C:2=x>2:D2=E25FC2?E62D{DE@=66>2:D32:I25FC2?E625:s​DE@=65@DG6?​EC{4F=@D
    42A24:Et?4:252D8C2?56D2CExC:2D2;F522>2?E6CC65FJ:522AC6DDv@2CE6C:2=D:DE=:42
    FC2?E6@D6I6C4{4:@D562>3@D@DEC6:?2>6?E@D26C3:@64@>A6D@2AC6DDv@2CE6C:2=2F>6?E2DF3DE2?4:2=>6?E6
    %EC6:?2>6?E@26C3:@4C€?:4@5:>:?F:2AC6DDv@2CE6C:2=?@C6A@FD@6BF2?5@D656D6>A6?92>42C82D56EC232=9@DF3>sI:>2D
    C62​=:​J2wv@4C€?:4256EC6:?2>6?E@4@>A6D@C65FJ2AC6DDv@2CE6C:2=56C6A@FD@65FC2?E62E:G:5256D5642>:?9252A652=2526
    EC6:?2>6?E@4@>A6D@D

    1/215,_^1'15$0*7(
    . Q?LESC NMBC QCP BGTGBGBM CK  AMKNMLCLRCQ NPGLAGN?GQ %GESP?   NJ?QK? C CJCKCLRMQ ¤ESP?BMQ . @<1C=1  M
    AMKNMLCLRC Y?OSMQM^ MS ¥SGBM BM Q?LESC C LMPK?JKCLRC AMLQRGRSG ACPA? BC  ?  BM TMJSKC RMR?J BM Q?LESC
    OS?LRGB?BC RMR?J BC NJ?QK? NMBC BGKGLSGP ?NPMVGK?B?KCLRC  BSP?LRC SK? ?RGTGB?BC D”QGA? GLRCLQ?  CQNCAG?JKCLRC
    ?RGTGB?BCQD”QGA?QPC?​JG​X?B?QCK?K@GCLRCQOSCLRCQCMSžKGBMQ"MLRSBM MTMJSKCBCNJ?QK?LMPCNMSQMNMBC?SKCLR?P
    ACPA?BCAMKMSK??B?NR?ŽM?MRPCGL?KCLRM?CP™@GMCMSNMPA?SQ?B??AJGK?R?ŽM??K@GCLRCQOSCLRCQCžKGBMQ
    .NJ?QK?AMKNMQRMNMP?NPMVGK?B?KCLRCBCŠES? BCNPMRC”​L?QNJ?QKŠRGA?QCBCLSRPGCLRCQ CJCRP™JGRMQ
    FMPKšLGMQ CLXGK?Q ?LRGAMPNMQCMSRP?QQS@QR‹LAG?Q

    ,4&  
    -=)>m<->-=516.):<7,7517+`:,17-161+1)45-6<-7;5e,1+7;
    9=-:1)59=--4-4151<);;-)9=)6<1,),-,-<:)*)4079=--4-:-)​41​B)>)
    +757;*:)d7;7:​9=f
    (QQMPCJ?AGML??PCQNMQR?B?NPCQQŽM?PRCPG?JAMKCVCPA”AGMAMPNMP?JQSNCPGMP=,9:<:GLDCPGMP5MA‘NMBCPG?QSNMPOSC?
    NPCQQŽM?PRCPG?JBSP?LRCSKCVCPA”AGMBGL‹KGAMAMK?NCPL?QCPG?K?GMPBMOSCBSP?LRCSKCVCPA”AGMBGL‹KGAMAMK
    M@P?MNMPOSCK?GQK?QQ?​KSQASJ?PCQRŠ?RGT?LMCVCPA”AGMAMKNCPL?QBMOSCAMKMQ@P?MQ$LRPCR?LRM MCV?RM
    MNMQRMTCPB?BC/?P??KCQK?NMPACLR?ECKBCNGAMBCAMLQSKMBCMVGE‘LGM ?NPCQQŽM?PRCPG?JK?GMPBSP?LRCM
    CVCPA”AGM BGL‹KGAM AMK M @P?M AMKN?P?BM AMK M CVCPA”AGM BGL‹KGAM AMK ? NCPL? TCP R?@CJ? LCQRC @MVC 
    BGDCPCL?CQRŠPCJ?AGML?B?AMK?OS?LRGB?BCBCK?QQ?​KSQASJ?POSCCQRŠ?RGT?B?BSP?LRCA?B?SK?BCQQ?Q?RGTGB?BCQ
    /MPOSCB?K?QQ?​KSQASJ?PKCLMPQCLBM?RGT?B?C ?QQGK SKJCGRM​T?QASJ?PKCLMPQMDPCLBMT?QMBGJ?R?ŽMBSP?LRC
    SKCVCPA”AGMAMKM@P?M FŠK?GMPPCQGQR‘LAG??M¥SVMBCQ?LESC MOSCPCQSJR?CKNPCQQŽM?PRCPG?JK?GQ?JR?(QQM
    QC BCTC  CK N?PRC  ?M ?SKCLRM LM B@GRM A?PB”?​AM BGPCAGML?BM N?P? M JCGRM ​T?QASJ?P KCLMP  M OSC PCQSJR? CK
    ?SKCLRMB?NPCQQŽM?PRCPG?J4K??NJGA?ŽMNPŠRGA?BGQQMCQRŠPCJ?AGML?B?AMKMQNPMEP?K?QBCPC?@GJGR?ŽMA?PB”?​
    A?2CMCVCPA”AGMBMQKCK@PMQQSNCPGMPCQSRGJGX?BMN?P?RPCGL?PN?AGCLRCQAMKBMCL​?AMPML?PG?L? ?NPCQAPGŽM
    BMCVCPA”AGMBCTCQCP@?​QC?​B?L?QS?PCQNMQR?BCNPCQQŽM?PRCPG?J?MCVCPA”AGMB?N?PRCQSNCPGMPBMAMPNM CLŽML?
    QS?PCQNMQR??MCVCPA”AGMAMK?N?PRCGLDCPGMPBMAMPNM AMKMAMPPCPMSNCB?J?P!?QC?PQS?NPCQAPGŽMBCCVCPA”AGMQ
    N?P??N?PRCQSNCPGMPBMAMPNML?PCQNMQR??MCVCPA”AGML?N?PRCGLDCPGMPBMAMPNMNMBCPG?PCQSJR?PCKSK?PCQNMQR?
    BCNPCQQŽM?PRCPG?JOSCAMJMA??NCQQM?CKPGQAMBCSKCTCLRMA?PBGMT?QASJ?P AMKMSKGLD?PRMBMKGMAŠPBGM

    #>1??m1?->@1>5-5??5?@k85/-105-?@k85/-:;1D1>/h/5;05:c95/;01.>-e;1<1>:-

    &A4BBr>0AC4A80;B8BC{;820 &A4BBr>0AC4A80;380BC{;820
    <<6 <<6
    3>?82>342>=BD<>34
    >G86u=8> A0s>B &4A=0B A0s>B &4A=0B
        
        
        
        

    ,4& 
     ;
    @-:+h+17-018-:<-6;c7
    "9>41) &5C31D5<<?&8)#
    96-,::69(
    <4(5,9-694(5*,()69(;69@
    ,7(9;4,5;6-05,:0636.@
    ,(. */6636-+<*(;065
    ;699:!

     FGNCPRCLQŽM  SK BMQ NPGLAGN?GQ NPM@JCK?Q BC Q?ž​​BC Nž@JGA? $VGQRCK  KGJ​FCQ BC ?BSJRMQ LMPRC ?KCPGA?LMQ
       AMK FGNCPRCLQŽM $QQ? AMLBGŽM NMBC QCP BC¤LGB? B? QCESGLRC K?LCGP? RCP SK? NPCQQŽM ?PRCPG?J QGQR™JGA?
    /22 CMSNPCQQŽM?PRCPG?JBG?QR™JGA?/2# KK'EPCOSCPCPKCBGA?ŽM?LRG FGNCPRCLQGT?CMSQCPBGRM
    NMPSKKBGAMMSMSRPMNPM¤QQGML?JBCQ?ž_ CCK NCJMKCLMQ BS?QMA?QGCQOSCSKGL_ G q”_ SMRCKCJCT?B?NPCQQŽM
    ?PRCPG?J-'+!(  "CPA?BCBMQLMPRC ?KCPGA?LMQ?BSJRMQR‘KNP FGNCPRCLQŽM/22CCMS
    /2#CKK'E BCKMBMOSCBMQ?BSJRMQLMQ$4 R‘KNPCQQŽM?PRCPG?J?AGK?BM​GBC?JCOS?QCRMBMQ
    BCQCLTMJTCPŽMFGNCPRCLQŽMQCTGTCPCK?RSK?GB?BC?T?L?B?.QCVCPA”AGMQ?CP™@GMQBGKGLSCK?NPCQQŽM?PRCPG?J
    CK?KK'E/CQA?RCJJM,;(3  /MPGQQMCNMPA?SQ?BCQCSQCDCGRMQD?TMPŠTCGQCKMSRPMQD?RMPCQBCPGQAM
    N?P?BMCL​?QA?PBGMT?QASJ?PCQ ??RGTGB?BCD”QGA?F?@GRS?JPCAMKCLB?B?AMKMSK?RCP?NG?LŽMD?PK?AMJ™EGA?N?P?
    NPCTCLGP RP?R?PCAMLRPMJ?P?FGNCPRCLQŽM-'+!(  
    /?P? NPCQAPCTCP CDCRGT?KCLRC CVCPA”AGMQ N?P? GL​BG​T”​BSMQ AMK FGNCPRCLQŽM  ? BMQC BC CVCPA”AGM  MS -PC​OS‘LAG?
    0LRCLQGB?BC ;CKNMC;GNM!! BCTCQCP?NJGA?B? QPCAMKCLB?CQBCNPCQAPGŽMBCCVCPA”AGM!!N?P??OSCJCQ
    AMKFGNCPRCLQŽMQŽM?QQCESGLRCQ

    >1​=Ag:/5-F;-<->@10-?19-:-<>121>1:/5-891:@1@;0;?;?05-?
    .RPCGL?KCLRMBCCVCPA”AGM?CP™@GMPC?​JG​X?BMCLRPCCBG?Q\QCK?L?ZBGKGLSG?NPCQQŽM?PRCPG?J4KžLGAMRSPLM
    BCCVCPA”AGMPCQSJR?CKPCBSCQGKCBG?R?QB?NPCQQŽM?PRCPG?JOSCNCPQGQRCKNCJMNCP”M​BMBCSKBG? SK?PCQNMQR?
    ¤QGMJ™EGA?AF?K?B?BCFGNMRCLQŽMN™Q CVCPA”AGM FGNMRCLQŽMN™Q CVCPA”AGMAMLRPG@SGN?P??QPCBSCQL?NPCQQŽM
    ?PRCPG?JPCQSJR?LRCQBCSKRPCGL?KCLRMBCCVCPA”AGMQ?CP™@GMQK?GQCKJMLEMNP?XM,SGR?QNCQQM?QAMKFGNCPRCLQŽM
    R‘K QM@PCNCQM MS QŽM M@CQ?Q Q BGPCRPGXCQ N?P? ? PCBSŽM BC NCQM C K?LSRCLŽM @CK QSACBGB? BCQQ? PCBSŽM
    PCAMKCLB?KEP?LBCQOS?LRGB?BCQBCE?QRMBCCLCPEG?SKK”LGKMBC?RK?GQBCIA?J\QCK?L?Z N?P?
    RMR?JGX?P NCJM KCLMQ   F ?R  NPCDCPCLAG?JKCLRC  K?GQ BC  F NMP QCK?L? BC ?RGTGB?BC ?CP™@G? BC GLRCLQGB?BC
    KMBCP?B? OSCQMKCLRCNMBCKQCP?JA?L?B?QAMKCVCPA”AGMQBGŠ​PGMQMSOS?QCBGŠ​PGMQ)?IGAGA,;(3  /MPCQQ?Q
    P?XCQ  ?Q NCQQM?Q AMK FGNCPRCLQŽM BCTCPG?K QC CKNCLF?P L? ?RGTGB?BC D”QGA? CK @M? N?PRC B? QCK?L?  K?Q
    NPCDCPCLAG?JKCLRCCKRMBMQMQBG?Q

    :@1:?50-01F@5B50-012h?5/-015:@1:?50-019;01>-0-
    . CVCPA”AGM ?CP™@GM BC GLRCLQGB?BC KMBCP?B?  ?   BM 5. BC PCQCPT? :5.1<   RŽM CDCRGTM OS?LRM M
    CVCPA”AGM?CP™@GMBCGLRCLQGB?BCTGEMPMQ?BM5.1 L?PCBSŽMB?NPCQQŽM?PRCPG?J QQGK ?GLRCLQGB?BCBC
    CVCPA”AGMPCAMKCLB?B??KMBCP?B??BM5.1 AMPPCQNMLBCLBMCLRPCCB?DPC​OS‘LAG?A?PB”?​A?
    KŠVGK?NPCTGQR?N?P??GB?BC MS?NPMVGK?B?KCLRC?L?CQA?J?BCNCPACNŽMBMCQDMPM$/$ BC!MPE OSC
    T?GBC?

    '19<;F>
    95:011D1>/h/5;/;:@h:A;;A5:@1>95@1:@1<;>05-
    . CVCPA”AGM ?CP™@GM NPCQAPGRM  QCH? AMKM RSPLMQ AMLR”LSMQ JMLEMQ  ?  KGL NMP QCQQŽM  MS K?GQ RSPLMQ K?GQ
    ASPRMQ?KGLNMPQCQQŽM ?ASKS​J?BMQ?MJMLEMBMBG? BGKGLSG?NPCQQŽM?PRCPG?J QQGK ?PCAMKCLB?ŽMBC
     ?  KGL BC CVCPA”AGM ?CP™@GM AMLR”LSM MS GLRCPKGRCLRC NMP BG? K”LGKM BC RSPLMQ BC  KGL ?ASKS​J?BMQ ?M
    JMLEMBMBG?N?P?RMR?JGX?P?KGLBCCVCPA”AGM 2CRGTCPQM@PCNCQMMSM@CQGB?BC ?NCQQM?BCTCNPMEPCBGPM
    E?QRM A?J™PGAM BC SK K”LGKM BC  ?R K?GQ BC  IA?J\QCK?L?Z  N?P? RMR?JGX?P NCJM KCLMQ   F ?R
    NPCDCPCLAG?JKCLRC K?GQBCFNMPQCK?L?BC?RGTGB?BC?CP™@G?BCGLRCLQGB?BCKMBCP?B?

    '5<;F#>59->5-91:@1-@5B50-01-1>k.5-?A<8191:@-0-<18;1D1>/h/5;01>1?5?@g:/5-
    $VCPA”AGMQ ?CP™@GMQ AMKM A?KGLF?B?  RPMRC  AMPPGB? MS AGAJGQKM BGKGLSCK ? NPCQQŽM ?PRCPG?J . RPCGL?KCLRM BC
    PCQGQR‘LAG? PCBSX ? NPCQQŽM ?PRCPG?J  K?Q ? K?ELGRSBC B? PCBSŽM  KCLMP BM OSC ? BM CVCPA”AGM ?CP™@GM #CQQ?
    K?LCGP? ?PCAMKCLB?ŽMBCOSCMRGNMBCCVCPA”AGMQCH?NPGLAGN?JKCLRC?CP™@GM QSNJCKCLR?BMNMPCVCPA”AGMQBC
    RPCGL?KCLRMBCPCQGQR‘LAG?CBC¥CVG@GJGB?BC
    ,?GQ GLDMPK?CQ C NPCA?SCQ CK PCJ?ŽM  NPCQAPGŽM BC CVCPA”AGMQ N?P? GL​BG​T”​BSMQ FGNCPRCLQMQ NMBCK QCP
    CLAMLRP?B?QLCQR?QPCDCP‘LAG?Q

    )?IGAGA ),  "J?PI *  "MJCK?L $  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB NNPMNPG?RC GLRCPTCLRGML
    QRP?RCEGCQDMPUCGEFRJMQQ?LBNPCTCLRGMLMDUCGEFRPCE?GLDMP?BSJRQ,CB2AG2NMPRQ$VCPAZ
    -?RGML?J 'C?PR +SLE ?LB !JMMB (LQRGRSRC 2CTCLRF 1CNMPR MD RFC )MGLR -?RGML?J "MKKGRRCC ML /PCTCLRGML  #CRCARGML
    $T?JS?RGML ?LB 3PC?RKCLR MD 'GEF !JMMB /PCQQSPC )-" 5(( !CRFCQB?  ,# 42 #CN?PRKCLR MD 'C?JRF ?LB 'SK?L
    2CPTGACQ Z
    -CJQML ,$  1CHCQIG 6)  !J?GP 2-  CR ?J /FWQGA?J ?ARGTGRW ?LB NS@JGA FC?JRF GL MJBCP ?BSJRQ PCAMKKCLB?RGML DPMK RFC
    KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC?LBRFC KCPGA?L'C?PR QQMAG?RGML"GPASJ?RGMLZ
    /CQA?RCJJM+2 %P?LIJGL! %?E?PB1 CR?J KCPGA?L"MJJCECMD2NMPRQ,CBGAGLCNMQGRGMLQR?LB$VCPAGQC?LBFWNCPRCLQGML
    ,CB2AG2NMPRQ$VCPAZ

    86DA0   % 74<0C{2A8C> t 0 A4;0sr> 4=CA4 B{;83> 4 ;w@D83> 34=CA> 3> B0=6D4 IG I NL?CH;G?HNI ;?L•<CI

    ?G<IL;IJF;MG;?;KO;HNC>;>?>?B?G†=C;M;OG?HN?G
    IB?G;N•=LCNI=;CF?P?G?HN?JIL=;OM;>I;OG?HNIG;CM
    JLIHOH=C;>IHIJF;MG;>IKO?HIPIFOG?>?B?G†=C;M

    .QCJCKCLRMQ¤ESP?BMQLMPK?JKCLRCAMLQRGRSCKACPA?BC?BMQ?LESC QFCKŠAG?QCPGRP™AGRMQ AMKNPCCLBCK


    ?NPMVGK?B?KCLRC  C MQ JCSA™AGRMQ C NJ?OSCR?Q AMKNPCCLBCK  BMQ CJCKCLRMQ ¤ESP?BMQ Q NJ?OSCR?Q QŽM
    GKNMPR?LRCQ N?P? ? AM?​ESJ?ŽM Q?LES”​LC?  OSC NPCTGLC NCPB?Q CVACQQGT?Q BC Q?LESC ?N™Q SK DCPGKCLRM Q NJ?OSCR?Q
    R?K@K QŽM SK D?RMP L? DMPK?ŽM BC AMŠ​ESJMQ BC Q?LESC OSC PCQSJR?K CK GLD?PRM BM KGMAŠPBGM  MS CK BCPP?KC C L?
    DMPK?ŽM BC NJ?A? LM GLRCPGMP BMQ T?QMQ Q?LES”​LCMQ TCP "?N”RSJM    NMPACLR?ECK BM RMR?J BC TMJSKC Q?LES”​LCM
    AMKNMQRMNMPCJCKCLRMQ¤ESP?BMQAF?K?B?85=1Ds3B9D?
    "MKM SK? ?B?NR?ŽM ?M RPCGL?KCLRM ?CP™@GM  ? OS?LRGB?BC BC FCKŠAG?Q ?SKCLR?  M OSC CJCT? M FCK?R™APGRM
    $LRPCR?LRM  AMLAMKGR?LRCKCLRC  MAMPPC ?SKCLRM K?GQ NPMLSLAG?BM LM TMJSKC NJ?QKŠRGAM  M OSC PCQSJR? CK SK?
    BGKGLSGŽM JCTC LM FCK?R™APGRM %GESP?   "MKM MQ ?SKCLRMQ GLBSXGBMQ NCJM RPCGL?KCLRM R?LRM LMQ CPGRP™AGRMQ
    OS?LRMLMNJ?QK? MTMJSKCBCQ?LESCBC?RJCR?QBC,5+<9(5*,K?GMPOSCMQlMSlLMPK?GQCKFMKCLQ Cl?lCK
    KSJFCPCQ.?SKCLRMLMTMJSKCBCQ?LESCGKNMPR?LRCNMPOSCSKBMQD?RMPCQOSCPCQSJR?CK?SKCLRML?OS?LRGB?BC
    RMR?JBCMVGE‘LGMOSCNMBCQCPCLRPCESC?MRCAGBMKCR?@MJGA?KCLRC?RGTM?N™QSK??RGTGB?BC?CP™@G?

    4<o280B
    .N?NCJK?GQD?KGJG?PB?QFCKŠAG?QMRP?LQNMPRCBCMVGE‘LGM QFCKŠAG?QQŽMA?N?XCQBCRP?LQNMPR?PMVGE‘LGMNMPOSC
    AMLR‘K 85=?7<?29>1  SK? QSQR‹LAG? AMKNMQR? NMP NPMRC”​L? EJM@GL?  C SK NGEKCLRM AMLRCLBM DCPPM FCKC  OSC 
    LCACQQŠPGMN?P??JGE?ŽMBCMVGE‘LGM"?B?EP?K?BCFCKMEJM@GL?NMBCAMK@GL?PAMK KlBCMVGE‘LGM BCKMBMOSC
    OS?LRMK?GMPMRCMPBCFCKMEJM@GL?BCLRPMBMQ?LESC K?GMP?A?N?AGB?BCBCA?PPC?PMVGE‘LGM
    $K?BSJRMQ ?QFCKŠAG?QQŽMNPMBSXGB?QL?KCBSJ?™QQC?BMQMQQMQJMLEMQBMAMPNM"MKMSKBMQžJRGKMQN?QQMQL?
    NPMBSŽM B?Q FCKŠAG?Q  ?LRCQ BC QCPCK JG@CP?B?Q LM Q?LESC  M LžAJCM  PCKMTGBM QQGK  ?Q FCKŠAG?Q LŽM NMBCK QC
    PCNPMBSXGPAMKMMSRPMQRCAGBMQBMAMPNM MSQCPCN?P?PCK PCQSJR?LBMCKSKRCKNMBCTGB?LMPK?JPCJ?RGT?KCLRCASPRM
    BC ?NPMVGK?B?KCLRC  KCQCQ -MPK?JKCLRC  ? BCQRPSGŽM C ? NPMBSŽM BC FCKŠAG?Q QŽM @?J?LAC?B?Q  PCQSJR?LBM CK
    LCLFSK?KSB?L?LMFCK?R™APGRMMSL?A?N?AGB?BCBMQ?LESCCKRP?LQNMPR?PMVGE‘LGM

    ,>;D<4?;0B<oC82>
    "MK M GL”AGM BC SK? QCQQŽM BC RPCGL?KCLRM ?CP™@GM MS BC NCQM  M CDCGRM ?ESBM LM TMJSKC NJ?QKŠRGAM  SK? PCBSŽM
    QS@QR?LAG?J (QQM NMBC QCP ?RPG@S”​BM NPGLAGN?JKCLRC  NPCQQŽM ?PRCPG?J ?SKCLR?B?  OSC DMP? M NJ?QK?  K?Q LŽM MQ
    AMKNMLCLRCQACJSJ?PCQBMQ?LESC N?P?DMP?BMAMKN?PRGKCLRMGLRP?T?QASJ?P PCBSŽMLMTMJSKCNJ?QKŠRGAMPCQSJR?CK
    85=?3?>35>DB1kj? MSSK?PCBSŽML?NMPŽM¥SGB?BMQ?LESCCKPCJ?ŽMNMPŽMBCCJCKCLRMQ¤ESP?BMQBMQ?LESC
    (QQMPCQSJR?CK?SKCLRMPCJ?RGTMBMFCK?R™APGRMQCKKSB?L?L?OS?LRGB?BCPC?JBCFCKŠAG?Q.CDCGRMJ”OSGBMBGQQM
    SK?SKCLRML?OS?LRGB?BCBCFCKŠAG?QCLMAMLRCž​BMBCFCKMEJM@GL?NMPSLGB?BCBCTMJSKCBCQ?LESC%GESP? 
    $QQ? KSB?L? ?SKCLR? ? A?N?AGB?BC BM Q?LESC CK RP?LQNMPR?P MVGE‘LGM  M OSC NMBC QCP T?LR?HMQM BSP?LRC M CVCPA”AGM
    CQNCAG?JKCLRCMCVCPA”AGM?CP™@GM LMPCNMSQMCBSP?LRCMCVCPA”AGMQS@KŠVGKMCK?JRGRSBC$K@MP??FCKMAMLACLRP?ŽM
    ?SKCLRC?TGQAMQGB?BCBMQ?LESC GKNPMTŠTCJOSCM?SKCLRMB?TGQAMQGB?BCBSP?LRCQPGCQLMPK?GQBCCVCPA”AGMQKSBC?
    PCQGQR‘LAG??M¥SVMBCQ?LESC?RMNMLRMCKOSCM¥SVMBCQ?LESCQCH?APGRGA?KCLRCNPCHSBGA?BM
    86DA0 74<>2>=24=CA0sr>3DA0=C4>4G4A2w28>t20DB030?>AEoA8>B50C>A4B+IL?JIOMI
    ;†AO;KO?
    >?CR; I =IGJ;LNCG?HNI ​P;M=OF;L Œ CAO;F ‰ †AO; KO? ?HNL; HI =IGJ;LNCG?HNI ​P;M=OF;L PCH>; >I =IGJ;LNCG?HNI
    CHN?LMNC=C;F
    ;MMCG
    HŠIB†B?GI=IH=?HNL;‹ŠI +ICH=CI>I?R?L==CI
    JIL=;OM;>I;OG?HNIH;JL?MMŠI;LN?LC;F?
    H; @ILG;‹ŠI >? L?​M​>OIM G?N;<•FC=IM HI =IGJ;LNCG?HNI CHN?LMNC=C;F
     I=ILL? ; B?GI=IH=?HNL;‹ŠI   !OL;HN?
    ?R?L==CI>?FIHAIJL;TI
    IMOILN;G<ŒG;OG?HN;;B?GI=IH=?HNL;‹ŠI

    #SP?LRCMCVCPA”AGM?CP™@GMNPMJMLE?BM MTMJSKCNJ?QKŠRGAMNMBCBGKGLSGPCK?MSK?GQ.CDCGRM?ESBM
    LMTMJSKCNJ?QKŠRGAMBMRPCGL?KCLRMAMKNCQMQ?PCBSŽMLMTMJSKCBCNJ?QK?CK? D?GV?PCJ?RGT?KCLRC
    ?KNJ?B?QKSB?L?Q?ESB?QLMTMJSKCNJ?QKŠRGAMCQRŠPCJ?AGML?B?NPMT?TCJKCLRCAMK?QBGDCPCL?QL?GLRCLQGB?BCCLM
    TMJSKCBMQCVCPA”AGMQN?P??K@?Q?QQPGCQBCCVCPA”AGMQBCRPCGL?KCLRM?CP™@GMCAMKNCQMQ JKBGQQM QC?QPGCRCK
    BSP?ŽMQS¤AGCLRC ?QNCPB?QNCJMQSMPR?K@KNMBCKAMLRPG@SGPN?P?SK?N?PRCB?KSB?L?LMTMJSKCBMNJ?QK?
    .CDCGRMAPšLGAMBMRPCGL?KCLRM?CP™@GMBCJMLEMNP?XMLMTMJSKCNJ?QKŠRGAMSK?SKCLRMBC? SKCLRMQ
    LM TMJSKC NJ?QKŠRGAM QŽM NCPACNR”TCGQ KCQKM  BG? ?N™Q ? QCQQŽM BC CVCPA”AGM ?CP™@GM  AMK M TMJSKC NJ?QKŠRGAM
    ?SKCLR?LBM NMP ?R TŠPG?Q QCK?L?Q ?N™Q M GL”AGM BM NPMEP?K? BC RPCGL?KCLRM ?CP™@GM   Q KSB?L?Q GLGAG?GQ LM
    NJ?QK?NMPA?SQ?BMRPCGL?KCLRMNMBCKPCQSJR?PCKSKRGNMBC?LCKG? K?QCQQ?QKSB?L?QLŽMQŽMNPCHSBGAG?GQQ?ž​BC
    !MVC .Q?SKCLRMQLMTMJSKCNJ?QKŠRGAMQŽMGKNMPR?LRCQNMPOSC?HSB?KLMQE?LFMQGLBSXGBMQNCJMRPCGL?KCLRM
    QM@PC 5#% TCL​RPGAS​J?P  TMJSKC BC CHCŽM C B@GRM A?PB”?​AM  C RMBMQ CJCQ QCPTCK N?P? KCJFMP?P M RP?LQNMPRC BC
    MVGE‘LGM CMBCQCKNCLFMB??RGTGB?BC?CP™@G?.TMJSKCNJ?QKŠRGAM?SKCLR?BMR?K@KAMLRPG@SGN?P??PCESJ?ŽM
    B? RCKNCP?RSP? BSP?LRC M CVCPA”AGM $K@MP? MQ FMPKšLGMQ PCESJ?R™PGMQ BM ¥SGBM PCLGL?  ?LEGMRCLQGL? ((  RCLF?K QGBM
    KMQRP?BMQ CK CJCT?ŽM ?N™Q SK? žLGA? QPGC BC RPCGL?KCLRM BC PCQGQR‘LAG?  MQ CDCGRMQ BC JMLEM NP?XM BM RPCGL?KCLRM
    AMK NCQMQ LM TMJSKC NJ?QKŠRGAM RMR?J LŽM DMP?K GLTCQRGE?BMQ /MPK   GKNPMTŠTCJ OSC SK NPMEP?K? BC RPCGL?KCLRM
    AMK NCQMQ PCQSJRC CK OS?JOSCP KSB?L? QGELG¤A?RGT? LM TMJSKC NJ?QKŠRGAM RMR?J #CQQ? K?LCGP?  CK@MP? R?LRM ?Q
    ?RGTGB?BCQBCRPCGL?KCLRMAMKNCQMOS?LRM?CP™@G?PCQSJRCKCKSK?BGKGLSGŽM?ESB?LMTMJSKCNJ?QKŠRGAM ?NCL?QM
    RPCGL?KCLRM?CP™@GMDMGKMQRP?BMA?N?XBCJCT?P?SK?SKCLRMAPšLGAMBMTMJSKCNJ?QKŠRGAM

    ,4&   <
    )=;);,-)6-51)
    @?GV?AMLACLRP?ŽMBCFCKMEJM@GL?OSCPCQSJR?CKA?N?AGB?BCKCLMPBMOSC?LMPK?JBCRP?LQNMPRCBCMVGE‘LGM
    NCJMQ?LESCAF?K?B?BC1>5=91"MLACLRP?CQBCFCKMEJM@GL??@?GVMBCE\BlZCKFMKCLQCE\BlZCK
    KSJFCPCQGLBGA?K?LCKG? ?LCKG?NMBCQCPA?SQ?B?NMPNCPB??ESB?BCQ?LESC AMKMOS?LBMBM?KMQQ?LESC C
    NMPD?JR?BCTGR?KGL?QCKGLCP?GQQS¤AGCLRCQL?BGCR?,?GQLMR?TCJKCLRC ?D?JR?BCDCPPMMSDMJ?RML?BGCR?NMBCK
    A?SQ?P?LCKG?.DCPPMLCACQQŠPGMNMPA?SQ?BMQCSN?NCJAMKMN?PRCBMNGEKCLRMOSCAMLRKDCPPMFCKC L?Q
    KMJASJ?QBCFCKMEJM@GL?.DMJ?RM R?K@KAMLFCAGBMAMKMŠAGBMD™JGAM LCACQQŠPGMN?P??BGTGQŽMACJSJ?PCN?P?
    ? Q”LRCQC NPMRCGA? 4K? B?Q NPGKCGP?Q DSLCQ ?DCR?B?Q NCJ? BC¤AG‘L^G? BC DMJ?RM  ? PCNMQGŽM B?Q FCKŠAG?Q
    PCQSJR?LBMCK?LCKG? BC¤AG‘L ^G?BCDMJ?RMBGKGLSG?Q”LRCQCBC#- C?A?N?AGB?BCBC?QAJSJ?QQCBGTGBGPCK
    (QQMPCQSJR?CKFCKŠAG?QLSAJC?B?QEP?LBCQ GK?RSP?QCAMKDMPK?RMMT?J$QQ?QFCKŠAG?Q?LMPK?GQLŽMRP?LQNMPR?K
    MVGE‘LGM MS N?QQ?K ?RP?TQ BMQ A?NGJ?PCQ RŽM C¤AGCLRCKCLRC OS?LRM ?Q FCKŠAG?Q LMPK?GQ !M?Q DMLRCQ BC DMJ?RM
    GLAJSCKJCESKCQ TCPBSP?Q EPŽMQQSNJCKCLR?BMQCACPC?GQ.SRP?A?SQ?NMQQ”TCJBC?LCKG?BCASPRMNP?XMAF?K?B?
    BC?LCKG?CQNMPRGT?#SP?LRCMQCQRŠEGMQGLGAG?GQBCSKNPMEP?K?BCRPCGL?KCLRM?CP™@GM MTMJSKCNJ?QKŠRGAMQC
    CVN?LBC  PCQSJR?LBM CK BGKGLSGŽM L? AMLACLRP?ŽM BC FCKMEJM@GL? JK BGQQM  ? ?RGTGB?BC ?CP™@G? ?SKCLR?B?
    BGKGLSG M RCKNM BC TGB? B?Q FCKŠAG?Q  R?K@K PCQSJR?LBM CK AMLACLRP?ŽM BC FCKMEJM@GL? BGKGLS”​B?
    $LRPCR?LRM ?K@MQMQD?RMPCQQŽMCD‘KCPMQC?AMLACLRP?ŽMBCFCKMEJM@GL?PCRMPL??MLMPK?JBCLRPMBC?JESK?Q
    QCK?L?Q

    ! 

    D96>s4:2DA@56>=:82C@@I:8y?:@C6G6CD:G6=>6?E6A@C42FD252AC6D6?w25696>@8=@3:?2
    C62​=:​J2wv@4C€?:4256F>EC6:?2>6?E@26C3:@C6DF=E26>2F>6?E@52BF2?E:52565696>s4:2DA@Cx>2F>6?E@>2:DAC@?F?4:25@
    @4@CC6?@G@=F>6A=2D>sE:4@C6DF=E2?5@6>5:>:?F:wv@=6G65@96>2E4C:E@
    FC2?E62C62​=:​J2wv@562E:G:5256D56EC6:?2>6?E@E2?E@26C3:@BF2?E@4@>A6D@@4@CC696>@4@?46?EC2wv@
    % 2F>6?E@ 5@ G@=F>6 A=2D>sE:4@ 42FD25@ A6=@ EC6:?2>6?E@ 26C3:@ 2;F52 2 2F>6?E2C @ G@=F>6 5:2DE=:4@ L?2= 6 2DD:> @4@CC6
    2F>6?E@?@G@=F>6566;6wv@?@5x3:E@42C5{2​4@6?@EC2?DA@CE656@I:8y?:@

    30?C0s~4B=>A4?>DB>0>CA48=0<4=C>344=3DA0=24E4ABDB5>As0I D=C0=3>CD3>

    Q?B?NR?CQBMQGQRCK?A?PBGMT?QASJ?PLMPCNMSQMQŽMBGDCPCLRCQCLRPC?RJCR?QOSCRPCGL?KDMP?COSCRPCGL?K,5+<9(5*,
    3?@CJ?   Q ?B?NR?CQ LM PCNMSQM NMP MA?QGŽM BM RPCGL?KCLRM BC ,5+<9(5*, JCT?K ?M B@GRM A?PB”?​AM ?SKCLR?BM
    BSP?LRC ? ?RGTGB?BC BC ,5+<9(5*,  M OSC PCQSJR? CK DMPLCAGKCLRM BC MVGE‘LGM ?SKCLR?BM ?M ​KžQASJM CQOSCJRGAM C
    AMLQCOSCLRCKCLRC  ? SK BCQCKNCLFM BC ,5+<9(5*, KCJFMP /MP MSRPM J?BM  ?B?NR?CQ NMP MA?QGŽM BM RPCGL?KCLRM BC
    DMP?PCQSJR?KCKA?N?AGB?BC?SKCLR?B?NMPK?LRCPMB@GRMA?PB”?​AMAMLRP?NPCQQCQ?PRCPG?GQQS@QR?LAG?JKCLRCCJCT?B?Q
    CLAMLRP?B?QBSP?LRCMRPCGL?KCLRMBCDMP?
    (LBCNCLBCLRCKCLRCQCCJ?QQŽMA?SQ?B?QNCJ?N?PRGAGN?ŽMCKPCEGKCQBCCVCPA”AGMQ?CP™@GMQMSBCPCQGQR‘LAG? KSGR?Q
    B?Q?B?NR?CQA?PBGMT?QASJ?PCQGLBSXGB?QNCJMRPCGL?KCLRMM@QCPT?B?QCKAMLBGCQBCPCNMSQMCQRŽMGLRCP PCJ?AGML?B?Q
    /MP CVCKNJM  0\ LM PCNMSQM  BC ACPA? BC  l\KGLZ N?P? M FMKCK AMKSK  K?Q NMP A?SQ? B? BGKGLSGŽM L? NPCQQŽM
    ?PRCPG?JBCPCNMSQM M5$H?SKCLR?C?DPC​OS‘LAG?A?PB”?​A?BGKGLSG#CKMBMQCKCJF?LRC MTMJSKCNJ?QKŠRGAMCJCT?BM
    NMPMA?QGŽMBMRPCGL?KCLRMBC,5+<9(5*,?SKCLR?M52% MOSCPCQSJR?CK?SKCLRMBM5$HNCJMKCA?LGQKMBC%P?LI
    2R?PJGLE OSCR?K@KAMLRPG@SGN?P?MBCAJ”LGML?DPC​OS‘LAG?A?PB”?​A?JCK@PC QCBCOSCMRPCGL?KCLRMLŽM?JRCP?0\BC
    PCNMSQM  JESK?QKSB?L?QLMPCNMSQMR?K@KQŽMNPCN?P?R™PG?QN?P??QKSB?L?QBSP?LRC??RGTGB?BC/MPCVCKNJM ?
    BGKGLSGŽML?NPCQQŽM?PRCPG?JBCPCNMSQMNMBCPCQSJR?PCKKCLMPNPCQQŽM?PRCPG?JBSP?LRCSK??RGTGB?BCD”QGA?QS@KŠVGK?
    NMPOSC ? NPCQQŽM ?PRCPG?J GLGAG?J  K?GQ @?GV? 0 ,  OS?JOSCP ?SKCLRM L? NPCQQŽM ?PRCPG?J  ?BGAGML?BM  NPCQQŽM ?PRCPG?J
    GLGAG?JK?GQ@?GV?  JKBGQQM NPCQQCQQ?LES”​LC?QK?GQ@?GV?QBSP?LRC??RGTGB?BC?NPCQCLR?KKCLMPPCQGQR‘LAG??M¥SVM
    Q?LES”​LCM C  AMK GQQM  ?SKCLR?K M B@GRM A?PB”?​AM C M DMPLCAGKCLRM BC MVGE‘LGM ?MQ ​KžQASJMQ OSC CQRŽM RP?@?JF?LBM
    #CQQ? K?LCGP?  KSB?L?Q LM PCNMSQM NPCN?P?K N?P? ?JESK?Q B?Q KSB?L?Q A?PBGMT?QASJ?PCQ OSC MAMPPCK BSP?LRC ?
    ?RGTGB?BCBGQASRGB?QLM¤KBCQRCA?N”RSJM 

    '-.18- 0-<@-em1?:;>1<;A?;<;>;/-?5d;0;@>15:-91:@;011:0A>-:/11012;>e-

    30?C0sr> *A48=0<4=C>34  *A48=0<4=C>345>As0


    ,?QQ?TCL​RPGAS​J?PCQOSCPB? SKCLR?B? SKCLR?B?
    $QNCQQSP?B?N?PCBCTCL​RPGAS​J?PCQOSCPB? SKCLR?B? SKCLR?B?
    5MJSKCBG?QR™JGAM¤L?JBMTCL
    oP”ASJMCQOSCPBM SKCLR?BM /MSA?KSB?L?
    5MJSKCBCCHCŽM SKCLR?BM /MSA?KSB?L?
    #@GRMA?PB”?​AM /MSA?KSB?L? /MSA?KSB?L?
    /PCQQŽM?PRCPG?JQGQR™JGA? #GKGLS”​B? #GKGLS”​B?
    /PCQQŽM?PRCPG?JBG?QR™JGA? #GKGLS”​B? #GKGLS”​B?
    5MJSKCNJ?QKŠRGAM SKCLR?BM /MSA?KSB?L?
    ,?QQ?BCFCKŠAG?Q SKCLR?B? /MSA?KSB?L?
    'CK?R™APGRM /COSCLMBCAPQAGKM /MSA?KSB?L?
    5MJSKCQ?LES”​LCM SKCLR?BM /MSA?KSB?L?
    "?N?AGR‹LAG?B?QEP?LBCQ?PRPG?Q SKCLR?B? (LACPR?

    ! 

    #F:E2D52D>F52?w2D5@D:DE6>242C5:@G2D4F=2C?@C6A@FD@Dv@:?E6CC6=24:@?252D
    =8F>2D52D>F52?w2D5@D:DE6>242C5:@G2D4F=2C?@C6A@FD@A6C>:E6>2>6=9@C2?27F?wv@42C5:@G2D4F=2C5FC2?E622E:G:5256

    #D30=s0B=>B8BC4<020A38>E0B2D;0A3DA0=C4>4G4A2w28>

    #SP?LRC??RGTGB?BCD”QGA? MAMPPCKTŠPG?QKSB?L?QN?P??SKCLR?PM¥SVMQ?LES”i CMN?P?Mh žQASJM?RGTM%JSVMQ?LES”*


    LCMCJCT?BMN?P?MQ​KžQASJMQ?SKCLR?MDMPLCAGKCLRMBCKSGRMQCJCKCLRMQLCACQQŠPGMQN?P?OSCMKCR?@MJGQKM?AMLRC?
    MVGE‘LGM EJGAMQC RPGEJGACP”BGMQ C?ACJCP??PCKMŽMBMQNPMBSRMQECP?BMQBSP?LRCMKCR?@MJGQKMBG™​VGBMBCA?P@MLM 
    .Q D?RMPCQ OSC PCQSJR?K CK ¥SVM Q?LES”i CM ?SKCLR?BM N?P? M h žQASJM ?RGTM BSP?LRC ? ?RGTGB?BC QCPŽM CVNJMP?BMQ L?Q
    NP™VGK?QQCCQ

    @C?64:>6?E@56@I:8y?:@2@E64:5@
    . DMPLCAGKCLRM BC MVGE‘LGM N?P? M RCAGBM BCNCLBC BC BMGQ D?RMPCQ NPGLAGN?GQ ? OS?LRGB?BC BC MVGE‘LGM OSC M RCAGBM
    PCKMTC BC B?B? OS?LRGB?BC BC Q?LESC C ? OS?LRGB?BC BC Q?LESC OSC ¥SG NCJM RCAGBM !MVC   -M PCNMSQM  ?K@MQ MQ
    D?RMPCQNCPK?LCACKPCJ?RGT?KCLRCAMLQR?LRCQN?P?ACPRMRGNMBCRCAGBM AMKMM​KžQASJM$LRPCR?LRM BSP?LRCMCVCPA”AGM
    R?LRM ? OS?LRGB?BC BC MVGE‘LGM PCRGP?B? BM Q?LESC NCJM RCAGBM OS?LRM ? OS?LRGB?BC BC Q?LESC OSC ¥SG ?RP?TQ BC
    BCRCPKGL?BM RCAGBM ?SKCLR?K QS@QR?LAG?JKCLRC AMKM PCQSJR?BM  ? OS?LRGB?BC BC MVGE‘LGM DMPLCAGB? N?P? M RCAGBM 
    ?KNJG¤A?B? OS?LRGB?BCBCMVGE‘LGMDMPLCAGB?N?P?MRCAGBMQCPŠCVNJMP?B?L?QNP™VGK?QQCCQ

    ,)(4(0_$$46(4,18(015$'(19,*a0,1
    4965B5>k11BD5B9?F5>?C145?H97m>9?4961F% ?BGDCPCL?CLRPC?OS?LRGB?BCBCMVGE‘LGMCKKlBCQ?LESC
    ?PRCPG?J OSC CLRP? CK SK RCAGBM C ? OS?LRGB?BC BC MVGE‘LGM CK  Kl BC Q?LESC TCLMQM OSC BCGV? SK RCAGBM %GESP?
     #SP?LRCMCVCPA”AGM K?GQMVGE‘LGMPCRGP?BMBMQ?LESCNCJM​KžQASJMKCR?@MJGA?KCLRC?RGTM MOSC?SKCLR??BGD
    ? T.
    $KKSGRMQA?QMQ?BGD? T.CVNPCQQ?AMKM?BGDCPCL?CLRPCMQ?LESC?PRCPG?JOSCQ?GBMTCL​RP”ASJMCQOSCPBMCM
    Q?LESC TCLMQM OSC CLRP? LM ŠRPGM BGPCGRM C  BCLMKGL?B? BGDCPCL? ?PRCPGMTCLMQ? BC MVGE‘LGM KGQRSP?BM  BGD ? T .
    PCNPCQCLR? ? BGDCPCL? ?PRCPGMTCLMQ? N?P? RMBMQ MQ RCAGBMQ BM AMPNM  GLAJSGLBM ?K@MQ MQ RCAGBMQ ?RGTMQ C GL?RGTMQ -M
    PCNMSQM ?BGD? T.BC?NPMVGK?B?KCLRCKlBC.NMPKlBCQ?LESC%GESP? #SP?LRCMCVCPA”AGM ?BGD? T
    .?SKCLR?N?P??NPMVGK?B?KCLRCKlBC.NMPKlBCQ?LESC MSK?GQ QQGK KSB?L?QL?BGD? T.GLBGA?K
    OSC?BGD? T.APCQACLRCNMQQ??NPMVGK?B?KCLRCBM@P?PMDMPLCAGKCLRMBCMVGE‘LGM1CN?PCOSC?BGD? T.LŽMGLBGA?
    OSC RMBM M MVGE‘LGM DMG PCRGP?BM BM Q?LESC  AMKM NMBCPG? QCP M A?QM QC DMQQC KCBGBM ?NCL?Q M RCAGBM KSGRM
    KCR?@MJGA?KCLRC?RGTM CLCQQCA?QM?BGD? T.QCPG?BCKlBC.NMPKlBCQ?LESC BC¤LGŽMB?BGD? T.M
    Q?LESC?PRCPG?JOSCBCGV?MTCL​RP”ASJMCQOSCPBMCMQ?LESCTCLMQMOSCCLRP?LMŠRPGMBGPCGRM BGD? T.BCKlBC.
    NMP  Kl BC Q?LESC  A?SQ?B? NCJ? KGQRSP? BC RMBM M Q?LESC TCLMQM BM AMPNM  M OSC PCQSJR? CK KGQRSP? BM Q?LESC
    TCLMQMBMRCAGBM​KSQASJ?P?RGTMAMKMQ?LESCTCLMQMBMRCAGBMGL?RGTM BGD? T.PCNPCQCLR??NCL?QSK?QNCARMBM
    DMPLCAGKCLRM BC MVGE‘LGM N?P? M RCAGBM NMPOSC M DMPLCAGKCLRM BC MVGE‘LGM N?P? M RCAGBM R?K@K  ?DCR?BM NCJM ¥SVM
    Q?LES”​LCM

    !&   -, 


    :16+h817,-1+3
    .NPGLA”NGMBC%GAIC?COS?ŽMBC%GAIQŽMLMKC?BMQCKFMKCL?ECK? %GAI SK¤QGMJMEGQR?A?PBGMT?QASJ?POSC
    BCQCLTMJTCS M NPGLA”NGM LMQ ?LMQ  . NPGLA”NGM BC %GAI BCAJ?P? OSC ? OS?LRGB?BC BC QS@QR‹LAG? PCKMTGB? BM
    Q?LESCOSCN?QQ?NMPSK™PEŽMNMPSLGB?BCBCRCKNMNMBCQCPA?JASJ?B?KSJRGNJGA?LBM QCM¥SVMQ?LES”i CM?RP?TQ
    BM ™PEŽM NCJ? AMLACLRP?ŽM ?PRCPG?J KCLMQ ? AMLACLRP?ŽM TCLMQ? BCQQ? QS@QR‹LAG? . NPGLA”NGM BC %GAI NMBC QCP
    SRGJGX?BM N?P? A?JASJ?P M AMLQSKM BC MVGE‘LGM TCP QCŽM Y%MPLCAGKCLRM BC MVGE‘LGM  ¥SVM Q?LES”i CM n BGD ? T
    .^  N?P? M AMPNM GLRCGPM MS N?P? SK RCAGBM MS ™PEŽM CQNCA”¤AM -M A?QM BM AMLQSKM BC MVGE‘LGM NCJM AMPNM
    GLRCGPM MNPGLA”NGMBC%GAIPCQSJR?L?QCESGLRCCOS?ŽM
    5.0\nBGD? T.
    $K OSC 0\  GES?J ?M B@GRM A?PB”?​AM C BGD ? T .  GES?J  BGDCPCL? ?PRCPGMTCLMQ? BC MVGE‘LGM $QQ? COS?ŽM
    NMBCQCPSRGJGX?B?N?P?A?JASJ?PMAMLQSKMBCMVGE‘LGMLMPCNMSQM CKA?PE?QBCRP?@?JFMQS@KŠVGK?QCCKA?PE?Q
    KŠVGK?QBCRP?@?JFM.NPGLA”NGMBC%GAIR?K@KNMBCQCPSQ?BMN?P?A?JASJ?P?A?NR?ŽMBCOS?JOSCPQS@QR‹LAG?
    AMKM ? EJGAMQC SRGJGX?B? LM KCR?@MJGQKM  NMP SK RCAGBM MS ™PEŽM 0S?LBM ? AMLACLRP?ŽM BC SK? QS@QR‹LAG? 
    K?GMPLMQ?LESC?PRCPG?JBMOSCLMQ?LESCTCLMQM GQQMGLBGA?OSCMRCAGBMCQRŠPCKMTCLBM?QS@QR‹LAG?BMQ?LESC
    N CV  MVGE‘LGM  0S?LBM ? AMLACLRP?ŽM BC SK? QS@QR‹LAG?  K?GMP LM Q?LESC TCLMQM AMKN?P?BM ?M Q?LESC
    ?PRCPG?J GQQMGLBGA?OSCMRCAGBMCQRŠJG@CP?LBM?QS@QR‹LAG?NCV BG™​VGBMBCA?P@MLM 

    86DA0    3854A4=s0 0AC4A8>E4=>B0 34 >G86u=8> 385 0E % 0D<4=C0 2>=5>A<4 0D<4=C0 > 2>=BD<> 34
    >G86u=8>-IL=;OM;>;GCMNOL;>IM;HAO?P?HIMI>IN?=C>I;NCPI?>IN?=C>ICH;NCPI
    IN?IL>?IRCAHCIHIM;HAO?
    P?HIMIGCMNOL;>IHŠIŒT?LI
    140(&,/(061'(19,*a0,1 >7915$0*7b
    M(1L',)$8
    . DMPLCAGKCLRM BC MVGE‘LGM MS M AMLQSKM BC MVGE‘LGM 5.   SK NPMBSRM BM ¥SVM Q?LES”i CM NCJ? BGD ? T . $QQC
    AŠJASJMAF?K?BMBCCOS?ŽMBC%GAI/?P?BCRCPKGL?PMAMLQSKMBCMVGE‘LGMNCJMAMPNMGLRCGPMSRGJGX?LBM?COS?ŽMBC
    %GAI MB@GRMA?PB”?​AM0\ PCNPCQCLR?M¥SVMQ?LES”i CM QQGK ?COS?ŽMBC%GAIN?P?MAMPNMGLRCGPMQCRMPL?MB@GRM
    A?PB”?​AMTCXCQ?BGDCPCL??PRCPGMTCLMQ?KGQRSP?B?BC.
    5.0\nBGD? T.
    COS?ŽMBC%GAIKMQRP?AJ?P?KCLRCOSCM?SKCLRMR?LRMBC0\MSB?BGD? T. MSSK?AMK@GL?ŽMBMQBMGQ NMBC
    ?SKCLR?P?5.N?P?MAMPNMGLRCGPM4K?SKCLRMCK?K@MQ M¥SVMQ?LES” i CMC?BGD? T. MAMPPCBSP?LRCMCVCPA”AGM
    N?P??SKCLR?PMAMLQSKMBCMVGE‘LGMBMPCNMSQMN?P?T?JMPCQKŠVGKMQ.¥SVMQ?LES”i CMN?P?MRCAGBM?RGTMNMBCQCP
    ?SKCLR?BMNCJ?CJCT?ŽMBC0\CNCJ?PCBGQRPG@SGŽMBC0\BCKMBMOSC?K?GMPG?BC0\QCH?BGPCAGML?B?N?P?MRCAGBM​
    KSQASJ?P?RGTM M?QQSLRMB?QNP™VGK?QKSGR?QQCCQ

    ! 

    \6@ E@E2= 2EC2GxD 5@ E64:5@ 6 52 5:76C6?w2 2CE6C:@G6?@D2 56


    % 7@C?64:>6?E@ 56 @I:8y?:@ A2C2 F> E64:5@ 56A6?56 5@ MFI@ D2?8F{
    @I:8y?:@
    FC2?E622E:G:5256@2F>6?E@?25:76C6?w22CE6C:@G6?@D256@I:8y?:@A@56@4@CC6CC6DF=E2?5@6>2F>6?E@?@7@C?64:>6?E@56
    @I:8y?:@A2C2@E64:5@

    )65:DEC:3F:wv@5@NFI@56D2?8F65FC2?E6@6I6C4{4:@
    #SP?LRCMPCNMSQM ?BMB@GRMA?PB”?​AMTŽMN?P?M​KžQASJMCQOSCJRGAM K?QBSP?LRCMCVCPA”AGMKŠVGKM M​
    KžQASJM CQOSCJRGAM PCAC@C ?R  ?  BM B@GRM A?PB”?​AM "MLDMPKC ?SKCLR? ? GLRCLQGB?BC BM CVCPA”AGM  M ¥SVM
    Q?LES”​LCMPCBGPCAGML?BMBMQRCAGBMQOSCNMBCKRMJCP?PRCKNMP?PG?KCLRCSK?BGKGLSGŽMLM¥SVM AMKMPGLQ ™PEŽMQ
    TGQACP?GQ C RCAGBMQ CQNJ‘LGAMQ  N?P? M ​KžQASJM CQOSCJRGAM %GESP?   $QQ? AMK@GL?ŽM BC B@GRM A?PB”?​AM
    ?SKCLR?BMCBCQS?PCBGQRPG@SGŽMBSP?LRCMCVCPA”AGMPCQSJR?CK?SKCLRMQQS@QR?LAG?GQBC¥SVMQ?LES”i CMRMR?JN?P?M*
    KžQASJMCQOSCJRGAMCR?K@KCK?SKCLRMQQS@QR?LAG?GQL?BGQNMLG@GJGB?BCBCMVGE‘LGM
    0S?LBM QC CV?KGL? M ¥SVM Q?LES” i CM RC
    ^G_ S?J BSP?LRC M CVCPA”AGM  LMR? QC OSC KSGR?Q QGRS?CQ QGLESJ?PCQ MAMPPCK
    #SP?LRCMQCVCPA”AGMQJCTCCKMBCP?BM M¥SVMQ?LES”i CMN?P??NCJC?SKCLR??¤KBC?HSB?P?KMBCP?P?CJCT?ŽML?
    RCKNCP?RSP?AMPNMP?J $LRPCR?LRM BSP?LRCMCVCPA”AGMKŠVGKM M¥SVMQ?LES”i CMB?NCJCBGKGLSG PCQSJR?LBMCKSK
    PCBGPCAGML?KCLRMBM¥SVMQ?LES” i CMN?P?Mh žQASJM?RGTM#SP?LRCMCVCPA”AGM MAMP?ŽM AMKMM​KžQASJMCQOSCJRGAM
    PC?​JG​X? K?GQ RP?@?JFM BM OSC LM PCNMSQM C  NMPR?LRM  LCACQQGR? BC K?GQ MVGE‘LGM QQGK  M ¥SVM Q?LES”i CM KGMAŠPBGAM
    ?SKCLR??NPMVGK?B?KCLRC?TCXCQ?AGK?BMPCNMSQMBSP?LRCMCVCPA”AGMKŠVGKM$LRPCR?LRM M?SKCLRMLM¥SVMBC
    Q?LESC LM KGMAŠPBGM QC BCTC ?M ?SKCLRM LM B@GRM A?PB”?​AM C LŽM  PCBGQRPG@SGŽM BC ¥SVM Q?LES” i CM  NMPOSC  R?LRM
    BSP?LRCMPCNMSQMAMKMLMCVCPA”AGM MKGMAŠPBGMPCAC@C?NPMVGK?B?KCLRCBMB@GRMA?PB”?​AM
    .CLAD?JMMS?​ŠPC?
    ACPC@P?J LŽM NMBC RMJCP?P BGKGLSGŽM LM ¥SVM Q?LES”i CM NMP K?GQ BC ?JESLQ QCESLBMQ QCK OSC PCQSJRC CK BCQK?GM
    $LRPCR?LRM SK¥SVMBCQ?LESCK?GMPN?P?MCLAD?JMPCQSJR?CKNPCQQŽMGLRP?AP?LG?L??SKCLR?B?/MPR?LRM CLOS?LRMM
    ¥SVM BC Q?LESC ?SKCLR? N?P? M CLAD?JM BSP?LRC M CVCPA”AGM  GQQM ?AMLRCAC NMP ?NCL?Q  Kl MS ?NPMVGK?B?KCLRC
    
    86DA0   8BCA81D8sr> 01B>;DC0 <l 4 A4;0C8E0  3> 3t18C> 20A3w0​2> => A4?>DB> 4 3DA0=C4 > 4G4A2w28>
    <oG8<> !OL;HN? I ?R?L==CI G†RCGI
     <I; J;LN? >I >Œ<CNI =;L>;​=I Œ L?>CMNLC<O​>; J;L; I ​GšM=OFI ?MKO?FŒNC=I
    !OL;HN?I?R?L==CIG†RCGI
    IONLIM•LAŠIM
    =IGIILCG?I@A;>I
    L?=?<?GOG;JIL‹ŠIL?F;NCP;?;<MIFON;G?HIL
    >I>Œ<CNI=;L>;​=I

     PCBGQRPG@SGŽM BM ¥SVM Q?LES”i CM BSP?LRC M CVCPA”AGM  ?JA?L?B? NMP TŠPGMQ D?RMPCQ  K?Q CJC LŽM NMBCPG? QCP
    ?@QMJSR?KCLRCNMQQ”TCJQCMQGQRCK?AGPASJ?R™PGMLŽMDMQQCSKQGQRCK?BCAGPASGRMN?P?JCJM%GESP? .AGPASGRMN?P?JCJM
    NCPKGRC OSC M ¥SVM BC Q?LESC B? ?MPR? QCH? BGQRPG@S”
    _ M N?P? RMBMQ MQ ™PEŽMQ C RCAGBMQ QCK ? LCACQQGB?BC BC N?QQ?P NMP
    MSRPMRCAGBMMS™PEŽM.AGPASGRMN?P?JCJMNCPKGRGPŠ?PCBGQRPG@SGŽMBC¥SVMBCQ?LESC?NCL?QQCDMPNMQQ”TCJBGKGLSGPC
    ?SKCLR?PM¥SVMBCQ?LESCN?P?BGDCPCLRCQRCAGBMQC™PEŽMQ A?N?AGB?BCBCT?PG?PM¥SVMN?P?SK™PEŽMMSRCAGBMN?P
    RGASJ?P  ?JA?L?B? NCJM ?SKCLRM MS NCJ? BGKGLSGŽM BM P?GM BMQ T?QMQ CK RCAGBMQ CQNCA”¤AMQ  F1C?49<1D1kj?  MS M
    ?SKCLRM LM P?GM  PCQSJR? CK KCLMQ PCQGQR‘LAG? ?M ¥SVM C  ?QQGK  ?SKCLR? M ¥SVM Q?LES”L` M N?P? M RCAGBM
    F1C?3?>CDB9kj? MSBGKGLSGŽMBMP?GM PCQSJR?CK?SKCLRMB?PCQGQR‘LAG??M¥SVMC ?QQGK CKBGKGLSGŽMLM¥SVMBC
    Q?LESCN?P?MRCAGBM DMP?LBMM¥SVML?BGPCŽMBCMSRPMQRCAGBMQCKOSC?PCQGQR‘LAG??M¥SVMRCLF?BGKGLS”Bj .¥SVM
    N?P?MJCGRMA?NGJ?PBCSKRCAGBMBCNCLBCB?T?QMAMLQRPGŽMCB?T?QMBGJ?R?ŽMB??PRCP”M​J?OSC?JGKCLR?MJCGRMA?NGJ?PC
    BM CQR?BM BC AMLRP?ŽM BMQ CQD”LARCPCQ NP A?NGJ?PCQ  OS?LBM NPCQCLRCQ %GESP?   .Q 5C6o>3D5B5C @Bl31@9<1B5C QŽM
    ?LG​Q​KSQASJ?​PCQL?CLRP?B?BMJCGRMA?NGJ?P A?N?XCQBC?SKCLR?PCBGKGLSGPQCSBG‹​KC​RPM QQGK CJCQAMLRPMJ?KM¥SVM
    N?P? M JCGRM A?NGJ?P .Q CQD”LARCPCQ NP A?NGJ?PCQ PC?ECK R?LRM Q KSB?L?Q JMA?GQ GLRP”LQCA?Q  AMKM ?M ?SKCLRM L?
    NPCQQŽM?PRCPG?J AMLACLRP?ŽMBCMVGE‘LGMCBG™​VGBMBCA?P@MLMLMQ?LESCC?MAMLRPMJCLCSP?JCVRP”LQCAM .AMLRPMJC
    CVRP”LQCAMCMAMLRPMJCGLRP”LQCAMB?T?QMAMLQRPGŽMCB?T?QMBGJ?R?ŽMQŽMBGQASRGBMQL?QNP™VGK?QQCCQ
    86DA0   % KDG> ?0A0 > ;48C> 20?8;0A 34?4=34 30 E0B>2>=BCA8sr> 4 30 E0B>38;0C0sr> 30B 0AC4Aw>X0B @D4
    0;8<4=C0<>;48C>20?8;0A4>B4B5w=2C4A4B?At20?8;0A4BLN?LI​F;ML?=?<?G?MNCGOF;‹ŠIH?OL;FMCGJ†NC=

    10641.((964b05(&1'$8$51&10564,_^1('$8$51',.$6$_^1
    CQRGKSJ?ŽMQGKNŠRGA?LCSP?J?BPCLPEGA??@?QCBMAMLRPMJCCVRP”LQCAMB?T?QMAMLQRPGŽMCB?T?QMBGJ?R?ŽM.QLCPTMQ
    QGKNŠRGAMQ JG@CP?K LMP?BPCL?JGL? C ?BPCL?JGL?  LMP?BPCL?JGL?  M NPGLAGN?J LCSPMRP?LQKGQQMP JG@CP?BM NCJMQ LCPTMQ
    QGKNŠRGAMQ OSC GLCPT?K MQ T?QMQ Q?LES”​LCMQ NCPGDPGAMQ  C CQRGKSJ? NPGLAGN?JKCLRC MQ PCACNRMPCQ PCACNRMPCQ ?JD?  OSC
    A?SQ?K T?QMAMLQRPGŽM /MP MSRPM J?BM  ? ?BPCL?JGL? CQRGKSJ? MQ PCACNRMPCQ OSC A?SQ?K R?LRM T?QMAMLQRPGŽM OS?LRM
    T?QMBGJ?R?ŽMPCACNRMPCQ@CR?  QQGK ?OS?LRGB?BCRMR?JBCT?QMAMLQRPGŽMCBCT?QMBGJ?R?ŽMBCNCLBCBM@?J?LMCLRPC
    CQQCQ BMGQ CQR”KSJMQ -M PCNMSQM  FŠ SK ?JRM EP?S BC T?QMAMLQRPGŽM BCLRPM BM ​KžQASJM CQOSCJRGAM -M GL”AGM BM
    CVCPA”AGM  FŠ ?SKCLRM BC T?QMAMLQRPGŽM LM RCAGBM GL?RGTM  AMKM RP?RM E?QRPGLRCQRGL?J  D”E?BM C PGLQ  CK TGPRSBC B?
    CQRGKSJ?ŽM QGKNŠRGA? 3?K@K LM GL”AGM BM CVCPA”AGM  FŠ KSB?L?  NMQQGTCJKCLRC BGKGLSGŽM B? CQRGKSJ?ŽM NCJ?
    LMP?BPCL?JGL? L?CQRGKSJ?ŽMQGKNŠRGA?N?P??T?QASJ?RSP?BM​KžQASJM?RGTM A?SQ?LBMT?QMBGJ?R?ŽM.CDCGRMJ”OSGBM
    BCQQ?Q KSB?L?Q  ? PCBGQRPG@SGŽM BM ¥SVM Q?LES”i CM L? BGPCŽM BM h žQASJM ?RGTM C N?P? DMP? BMQ RCAGBMQ GL?RGTMQ
    CQRGKSJ?ŽMLCSP?JQGKNŠRGA?N?P??K@MQMQRCAGBMQ?RGTMQCGL?RGTMQAMKC???SKCLR?PCKGLRCLQGB?BCQBCCVCPA”AGMOSC
    T?PG?K BC ?NPMVGK?B?KCLRC  ?  B? A?N?AGB?BC KŠVGK? C QC RMPL? NPMEPCQQGT?KCLRC K?GMP  ?JA?L?LBM
    GLCTGR?TCJKCLRCSKKŠVGKMAMLDMPKC?GLRCLQGB?BCBCCVCPA”AGM?SKCLR?
    3?K@KNMQQ”TCJOSC?JG@CP?ŽMBC?BPCL?JGL?CBCLMP?BPCL?JGL?N?P??AMPPCLRCQ?LES”​LC?AMKMFMPKšLGMQNCJ?
    KCBSJ? B? EJ‹LBSJ? QSNP?PPCL?J ?DCRC ? T?QMAMLQRPGŽM C ? T?QMBGJ?R?ŽM $LRPCR?LRM  CQQCQ CDCGRMQ CLB™APGLMQ L?
    T?QMAMLQRPGŽMCL?T?QMBGJ?R?ŽMNMBCKQCPGKNMPR?LRCQ?NCL?QPCJ?RGT?KCLRCBSP?LRCCVCPA”AGMQQS@KŠVGKMQCKŠVGKMQ
    BC ?JR? GLRCLQGB?BC  MS BSP?LRC ? PCQNMQR? AJŠQQGA? BC JSR? MS DSE? . AMLRPMJC CVRP”LQCAM B? T?QMAMLQRPGŽM C B?
    T?QMBGJ?R?ŽMNPCAGQ?QCP@?J?LAC?BMAMKMAMLRPMJCGLRP”LQCAM MSJMA?J N?P?NPMKMTCPM?SKCLRMBCQCH?BMBM¥SVMBC
    Q?LESCN?P?MRCAGBM?RGTM

    10641.(,064b05(&1'$8$51&10564,_^1('$8$51',.$6$_^1
    QKSB?L?QBCLRPMBM​KžQASJMCQOSCJRGAMBSP?LRCMCVCPA”AGMCQRGKSJ?KMQOSGKGMPPCACNRMPCQ​KSQASJ?​PCQ PCQSJR?LBM
    CK ?SKCLRM L? T?QMBGJ?R?ŽM NMP A?SQ? BC KSB?L? PC¥CV? L? CQRGKSJ?ŽM LCSP?J QGKNŠRGA? . AMLRPMJC GLRP”LQCAM B?
    T?QMAMLQRPGŽM C B? T?QMBGJ?R?ŽM  AF?K?BM BC 1ED?BB57E<1kj? $K@MP? LŽM QCH?K AMKNJCR?KCLRC AMKNPCCLBGB?Q  ?Q
    KSB?L?QOSCBGQN?P?KCQQ?Q?CQPC¥CV?QQŽM?SKCLRMQL?AMLACLRP?ŽMBCBG™s GBMBCA?P@MLM ”Mi QFGBPME‘LGM ŠAGBM
    JŠARGAM  NMRŠQQGM C MSRP?Q QS@QR‹LAG?Q  OSC MAMPPCK LM RCAGBM ​KSQASJ?P CK CVCPA”AGM   CVRCLQŽM B? T?QMBGJ?R?ŽM
    BCLRPM BM ​KžQASJM CQOSCJRGAM ?RGTM BSP?LRC M CVCPA”AGM  BCRCPKGL?B?  CK žJRGK? ?LŠJGQC  NMP SK @?J?LM CLRPC ?
    CQRGKSJ?ŽMLCSP?JQGKNŠRGA??BPCLPEGA?C??SRMPPCESJ?ŽM T?QMAMLQRPGŽMA?SQ?B?NCJ?CQRGKSJ?ŽMQGKNŠRGA?TGQR?
    AMKM SK ?HSQRC CQQCLAG?J ?M CVCPA”AGM NMPOSC CJ? AMLRP?@?J?L? ? T?QMBGJ?R?ŽM DCGR? NCJ? ?SRMPPCESJ?ŽM 2C ?
    T?QMBGJ?R?ŽM A?SQ?B? NCJ? ?SRMPPCESJ?ŽM LŽM DMQQC JGKGR?B? NCJ? CQRGKSJ?ŽM QGKNŠRGA? ?BPCLPEGA?  ? NPCQQŽM ?PRCPG?J
    NMBCPG? BGKGLSGP AMKM PCQSJR?BM BC SK ¥SVM BC Q?LESC CVACQQGTM CLRP?LBM LM h žQASJM ?RGTM /MRCLAG?JKCLRC  GQQM
    NMBCPG?PCQSJR?PCKBGKGLSGŽMNCPGEMQ?LM¥SVMBCQ?LESCN?P?MSRPMQ™PEŽMQTGR?GQ AMKMMCLAD?JMCMAMP?ŽM QQGK
    GKNMPR?LRCSK@?J?LMCLRPCMQAMLRPMJCQCVRP”LQCAMCMGLRP”LQCAMBM¥SVMQ?LES”i CM LŽMQ™N?P??PCBGQRPG@SGŽMBM
    ¥SVMBCQ?LESC K?QR?K@KN?P?K?LRCP?NPCQQŽMQ?LES” i C?CM¥SVMBCQ?LESCN?P?RMBMQMQ™PEŽMQTGR?GQ

    ! 

    FC2?E6 @ 6I6C4{4:@ @ D2?8F6 x C65:DEC:3F{​5@ A2C2 BF6 @ ​>ƒD4F=@ 6DBF6=xE:4@ 2E:G@ C64632 3@2 A2CE6 5@ 5x3:E@ 42C5{2​4@ @ BF6
    2F>6?E2@7@C?64:>6?E@56@I:8y?:@A2C2@E64:5@
    FC2?E622E:G:52562G2D@4@?DEC:wv@2G2D@5:=2E2wv@6@D6D7{?4E6C6DACx42A:=2C6DDv@FD25@DA2C22F>6?E2C@MFI@56D2?8F6
    A2C2@​>ƒD4F=@6DBF6=xE:4@2E:G@6A2C25:>:?F:C@MFI@D2?8F{\6@A2C2@E64:5@:?2E:G@
    G2D@4@?DEC:wv@62G2D@5:=2E2wv@Dv@4@?EC@=252DA@C2>3@D@D72E@C6D6IEC{?D64@D6:?EC{?D64@D

    F>6?E@5@C6E@C?@G6?@D@
    -M PCNMSQM C BSP?LRC M CVCPA”AGM  M Q?LESC OSC LŽM PCRMPL? N?P? M AMP?ŽM LŽM NMBC QCP @MK@C?BM N?P? ? AGPASJ?ŽM
    NSJKML?PMSN?P??AGPASJ?ŽMNCPGDPGA? N™QMQ?LESCN?QQ?PNCJMJCGRMA?NGJ?PBCSKRCAGBM ?NPCQQŽMQ?LES”​LC?KBG?
    @?GV??KK'E C ?QQGK CK@MP??EP?BGCLRCBCNPCQQŽMQCH?QS¤AGCLRCN?P?KMTGKCLR?PMQ?LESCBCTMJR?N?P?M
    AMP?ŽM CJC@CKNCOSCLMC NMPQGQ™ KMTCPG?M¥SVMBCQ?LESC@CKJCLR?KCLRC5ŠPGMQD?RMPCQNMBCKAMLRPG@SGPN?P?
    M PCRMPLM TCLMQM R?LRM LM PCNMSQM OS?LRM BSP?LRC M CVCPA”AGM  N?P? ?HSB?P ? ?SKCLR?P M TMJSKC BC CHCŽM C M B@GRM
    A?PB”?​AM C  ?QQGK  M ¥SVM BC Q?LESC N?P? M RCAGBM $QQCQ D?RMPCQ QŽM ? TCLMAMLQRPGŽM  ? @MK@? h SQASJ?P C ? @MK@?
    PCQNGP?R™PG?

    !(01&10564,_^1
    #SP?LRC M PCNMSQM  MQ T?QMQ TCLMQMQ AMLR‘K ?NPMVGK?B?KCLRC  BM TMJSKC RMR?J BC Q?LESC BM AMPNM QQGK  CJCQ
    NMBCKQCPTGQRMQAMKMPCQCPT?R™PGMQBC?PK?XCL?KCLRMMSF1C?CC1>7Eo​>5?C4531@139Dh>391 OSCAMLR‘KSKEP?LBC
    TMJSKC BC Q?LESC ? NPCQQCQ PCJ?RGT?KCLRC @?GV?Q 4K KMBM BC KM@GJGX?P M Q?LESC LMQ T?QMQ TCLMQMQ  NMP KCGM B?
    CQRGKSJ?ŽM QGKNŠRGA?  OSC A?SQ? TCLMAMLQRPGŽM  MS AMLQRPGŽM B?Q TCG?Q  M OSC ?SKCLR?PG? M PCRMPLM TCLMQM N?P? M
    AMP?ŽM $LRPCR?LRM  ?Q TCG?Q BM ​KžQASJM CQOSCJRGAM NMBCK LŽM PCAC@CP CQR”KSJM QGKNŠRGAM QS¤AGCLRC N?P? ?SKCLR?P
    QS@QR?LAG?JKCLRC M PCRMPLM TCLMQM QQGK  ?NCL?Q ?Q TCG?Q JMA?JGX?B?Q CK MSRPMQ RCAGBMQ OSC LŽM QCH?K M ​KžQASJM
    CQOSCJRGAM NMBCK AMLRPG@SGP N?P? SK ?SKCLRM LM PCRMPLM TCLMQM NMP KCGM B? TCLMAMLQRPGŽM #CLRPM BM ​KžQASJM
    CQOSCJRGAM EP?LBCN?PRCBM?SKCLRMBMPCRMPLMTCLMQMMAMPPCNPMT?TCJKCLRCNCJ??ŽMBMOSCAF?K?BMBC@MK@?​
    KSQASJ?P OSCCV?KGL?B?L?NP™VGK?QCŽM

    1/%$​/75&7.$4
    2?=21​=EC3E<1BMKCA?LGQKMNCJMOS?JAMLRP?CQ​KSQASJ?​PCQP”RKGA?Q?HSB?KMPCRMPLMTCLMQMBMQ?LESCN?P?M
    AMP?ŽM QEP?LBCQTCG?QAMLR‘KTŠJTSJ?QSLGBGPCAGML?GQOSCNCPKGRCKM¥SVMBCQ?LESC?NCL?QCKBGPCŽM?MAMP?ŽM
    %GESP? 0S?LBMM​KžQASJMCQRŠ?RGTM CJCQCCVN?LBCCKRMB?Q?QBGPCCQ AMKNPGKGLBM?QTCG?Q$QQ?AMKNPCQQŽM
    DMP? M Q?LESC BC TMJR? N?P? M AMP?ŽM NMP A?SQ? B? NPCQCL? B?Q TŠJTSJ?Q SLGBGPCAGML?GQ 0S?LBM M ​KžQASJM PCJ?V?  ?Q
    TŠJTSJ?Q GKNCBCK OSC M Q?LESC PCRMPLC L? BGPCŽM MNMQR? ?M AMP?ŽM $QQC NPMACQQM BC AMKNPCQQŽM C PCJ?V?KCLRM B?Q
    TCG?QPCNCRGBMBSP?LRC?Q?CQ​KSQASJ?​PCQP”RKGA?Q AMKML?AMPPGB? ?SKCLR?LBMMPCRMPLMTCLMQMN?P?MAMP?ŽMCK
    DMPK?BCYMPBCLF?^ @MK@?​KSQASJ?PCQRŠ?RGT?JMEMOSC??RGTGB?BCD”QGA?AMKC?CNCPK?LCACCDCRGT?BSP?LRCRMB??
    ?RGTGB?BC QQGK MPCRMPLMTCLMQMBM​KžQASJM?SKCLR?BMRŽMJMEM??RGTGB?BCD”QGA?AMKC?CNCPK?LCAC?QQGKBSP?LRC
    RMB???RGTGB?BC AMLRPG@SGLBMN?P?M?SKCLRMBMB@GRMA?PB”?​AMLCACQQŠPGMN?P?QSQRCLR?PMCVCPA”AGM
    1/%$4(52,4$6e4,$
    2?=21B5C@9B1DsB91QCPCDCPCAMLRPG@SGŽMN?P?MPCRMPLMTCLMQM?MAMP?ŽMNCJMQ?SKCLRMQL?NPCQQŽMGLRP?RMPŠAGA?
    BSP?LRC ? CVNGP?ŽM C NCJ? BGKGLSGŽM L? NPCQQŽM GLRP?RMPŠAGA? BSP?LRC ? GLQNGP?ŽM #SP?LRC ? GLQNGP?ŽM  ? NPCQQŽM
    GLRP?RMPŠAGA?BGKGLSGC?NPCQQŽMGLRP? ?@BMKGL?J?SKCLR? APG?LBMSKEP?BGCLRCBCNPCQQŽMN?P?MQ?LESCQCKMTCPB?​
    ŠPC??@BMKGL?JN?P??​ŠPC?RMPŠAGA?#SP?LRC?CVNGP?ŽM ?NPCQQŽMGLRP?RMPŠAGA??SKCLR? AMKNPGKGLBM?QEP?LBCQTCG?Q
    BCLRPMB?A?TGB?BCRMPŠAGA?CDMP?LBMMQ?LESCL?BGPCŽMBMAMP?ŽMC?NPCQQŽMGLRP? ?@BMKGL?JBGKGLSG NCPKGRGLBM
    OSC ?Q TCG?Q ?@BMKGL?GQ QC CLAF?K BC Q?LESC $QQC NPMACQQM  PCNCRGBM BSP?LRC A?B? AGAJM BC GLQNGP?ŽM C CVNGP?ŽM
    @MK@?PCQNGP?R™PG?AMLRPG@SGN?P?MPCRMPLMTCLMQMLMPCNMSQM K?QCJCT?B?BSP?LRCMCVCPA”AGMNMPA?SQ?BM?SKCLRM
    B?R?V?CB?GLRCLQGB?BCB?PCQNGP?ŽM

    ! 

    G6?@4@?DEC:wv@52D8C2?56DG6:2D42FD252A6=26DE:>F=2wv@D:>AsE:42A@562F>6?E2C@C6E@C?@G6?@D@A2C2@4@C2wv@>2D6DD6
    >642?:D>@A@56?v@D62A=:42C2@​>ƒD4F=@6DBF6=xE:4@
    3@>32​>FD4F=2C2F>6?E2@C6E@C?@G6?@D@A@C42FD2524@>AC6DDv@52DG6:2DA6=26IA2?Dv@5@D​>ƒD4F=@D5FC2?E624@?EC2wv@
    6A6=2AC6D6?w256Gs=GF=2DF?:5:C64:@?2:D?2D8C2?56DG6:2D
     3@>32 C6DA:C2EC:2 6DE:>F=2 @ C6E@C?@ G6?@D@ A@C 42FD2 5@D 2F>6?E@D 6 52D 5:>:?F:w‚6D ?2 AC6DDv@ :?EC2E@Cs4:42 5FC2?E6 2
    6IA:C2wv@62:?DA:C2wv@C6DA64E:G2>6?E6

    !F?wv@5@D72E@C6DA2C22F>6?E2C@7@C?64:>6?E@56@I:8y?:@5FC2?E6@6I6C4{4:@
    .?SKCLRMBMDMPLCAGKCLRMBCMVGE‘LGMN?P?M​KžQASJM?RGTMBSP?LRCMCVCPA”AGMCLTMJTCRMBMQMQD?RMPCQNPCTG?KCLRC
    BCQAPGRMQ  GLAJSGLBM M B@GRM A?PB”?​AM  ? PCBGQRPG@SGŽM BC ¥SVM Q?LES”i CM C ? BGDCPCL? ?PRCPGMTCLMQ? BC MVGE‘LGM
    ?SKCLR?B? ?B?NR?ŽM?MRPCGL?KCLRMBC,5+<9(5*,BCJMLEMNP?XM?A?N?AGB?BC?SKCLR?B?BCA?B?SKBCQQCQD?RMPCQ
    #SP?LRCMCVCPA”AGM QCH?CKSKGL​BG​T”​BSMRPCGL?BMMSLŽM FŠLCACQQGB?BCBC@?J?LAC?PMQCDCGRMQBMQTŠPGMQD?RMPCQL?
    NPCQQŽM?PRCPG?JN?P?K?LRCPNPCQQŽMQS¤AGCLRCN?P?OSCM¥SVMBCQ?LESCMAMPP?CKRMBMQMQRCAGBMQCF?H??SKCLRMLM
    ¥SVMBCQ?LESCN?P?MRCAGBMh SQASJ?P?RGTM$QQCQD?RMPCQQŽMM?SKCLRMBMB@GRMA?PB”?^M OSCCJCT??NPCQQŽM?PRCPG?J
    CKRMBMMQGQRCK??PRCPG?J?T?QMBGJ?R?ŽMBCLRPMBMRCAGBM?RGTM MOSC?SKCLR?M¥SVMBCQ?LESCN?P?MRCAGBM?RGTM
    K?QBGKGLSG?NPCQQŽM?PRCPG?JC?T?QMAMLQRPGŽMBCLRPMBMRCAGBMGL?RGTM OSCBGKGLSGM¥SVMBCQ?LESCN?P?MRCAGBM
    GL?RGTM K?Q?SKCLR??NPCQQŽM?PRCPG?J OSG DMP?KRP?R?B?Q?QKSB?L?QA?PBGMT?QASJ?PCQ$LRPCR?LRM BCTCQCPJCK@P?BM
    OSCMSRP?Q?B?NR?CQ AMKM?SKCLRMB?AMLACLRP?ŽMBCCLXGK?Q?CP™@G?QCB?BCLQGB?BCA?NGJ?P R?K@KBCTCKMAMPPCP
    N?P? OSC MQ ​KžQASJMQ RPCGL?BMQ QC @CLC¤AGCK B? K?GMP BGQNMLG@GJGB?BC BC MVGE‘LGM NMQQG@GJGR?B? NCJ?Q KSB?L?Q
    A?PBGMT?QASJ?PCQLMCVCPA”AGMCNCJ?Q?B?NR?CQ?MRPCGL?KCLRMBCJMLEMNP?XM
    "MLDMPKC ?SKCLR? ? GLRCLQGB?BC BC CVCPA”AGM  R?K@K ?SKCLR?K ? DPC​OS‘LAG? A?PB”?​A? C M TMJSKC BC CHCŽM
    PCQSJR?LBM CK B@GRM A?PB”?​AM CJCT?BM %GESP?    CJCT?ŽM BM B@GRM A?PB”?​AM AMK M ?SKCLRM B? GLRCLQGB?BC BM
    CVCPA”AGM  QMK?B?  PCBGQRPG@SGŽM BC ¥SVM Q?LES” i CM N?P? M h žQASJM CQOSCJRGAM ?RGTM  ?SKCLR? QS@QR?LAG?JKCLRC QCS
    ¥SVM BC Q?LESC C DMPLCAGKCLRM BC MVGE‘LGM 3?LRM CK QSHCGRMQ RPCGL?BMQ OS?LRM CK QSHCGRMQ LŽM RPCGL?BMQ  M B@GRM
    A?PB”?​AM ?SKCLR? AMLAMKGR?LRCKCLRC AMK ? GLRCLQGB?BC BM CVCPA”AGM $LRPCR?LRM  SK? ?B?NR?ŽM ?M RPCGL?KCLRM BC
    ,5+<9(5*,BCJMLEMNP?XMM?SKCLRMLMTMJSKCBCCHCŽMAMKNMSAMQCDCGRMQL?DPC​OS‘LAG?A?PB”?​A?KŠVGK? QQGK CK
    NCQQM?Q OSC RPCGL?K ,5+<9(5*,  M ?SKCLRM LM B@GRM A?PB”?​AM KŠVGKM BCNCLBC NPGLAGN?JKCLRC BM TMJSKC BC CHCŽM
    ?SKCLR?BM
    86DA0   % A4C>A=> E4=>B> t 0DG8;803> ?4;0 1><10 ​<DB2D;0A ?>A 20DB0 30B Eo;ED;0B D=838A428>=08B =0B
    E480B.O;H>II​GšM=OFIL?F;R;
    ;MP†FPOF;MOHC>CL?=CIH;CMHŠIJ?LGCN?GKO?IM;HAO?WO;>?PIFN;H;>CL?‹ŠI
    =IHNL†LC; ;I =IL;‹ŠI   .O;H>I OG ​GšM=OFI =IHNL;C
     ;M AL;H>?M P?C;M MŠI =IGJLCGC>;M
     JLIGIP?H>I I WORI >?
    M;HAO?J;L;I=IL;‹ŠIJIL=;OM;>;MP†FPOF;MOHC>CL?=CIH;CM
    86DA0   ><?0A0sr> 30B ?A8=28?08B A4B?>BC0B 20A38>E0B2D;0A4B 4=CA4 D< 8=38E83D> =r> CA48=03> 4 D<
    8=​38​Ew​3D> CA48=03> 4<   M FCHB;M M?J;L;>;M CH>C=;G KO? ; P;​LC†​P?F @L?​KOH=C; =;L>;​=;
     PIFOG? >?
    ?D?‹ŠI ? JL?MMŠI ;LN?LC;F GO>; HI L?JIOMI ? >OL;HN? ; ;NCPC>;>? JIL =;OM; >I NL?CH;G?HNI  2G; FCHB; J;L; OG;
    P;​LC†​P?F =IG ?RN?HMŠI J;L; I CH​>C​P​>OI NL?CH;>I >Œ<CNI =;L>;​=I ? JC=I >? =IHMOGI >? IRCAHCI CH>C=; KO? ;
    P;​LC†​P?FHŠIGO>;MO<MN;H=C;FG?HN?HIL?JIOMIIO>OL;HN?=;LA;MG†RCG;M>?NL;<;FBIJIL=;OM;>INL?CH;G?HNI

    . B@GRM A?PB”?​AM KŠVGKM ?SKCLR?BM L?Q NCQQM?Q OSC RPCGL?K ,5+<9(5*, NCPKGRC OSC CJ?Q ?JA?LACK ¥SVM Q?LES”i CM
    K?GMP N?P? M RCAGBM ​KSQASJ?P CK CVCPA”AGM  PCQSJR?LBM CK NGAM BC AMLQSKM BC MVGE‘LGM K?GMP Q ?B?NR?CQ ?M
    RPCGL?KCLRM A?P?ARCPGX?B?Q NCJ? KCLMP DPC​OS‘LAG? A?PB”?​A? CK PCNMSQM C M ?SKCLRM BM TMJSKC BC CHCŽM R?K@K QŽM
    ?N?PCLRCQ BSP?LRC M CVCPA”AGM QS@KŠVGKM  CK OSC M ?RJCR? OSC RPCGL? ,5+<9(5*, R?K@K ?NPCQCLR? DPC​OS‘LAG? A?PB”?​A?
    KCLMP K?QTMJSKCBCCHCŽMK?GMPBMOSCSK?NCQQM?LŽMRPCGL?B?
    PCJ?ŽMCLRPC?DPC​OS‘LAG?A?PB”?​A? MTMJSKCBCCHCŽMCMB@GRMA?PB”?​AM0\%"n5$H NCPKGRCKOSCMQGL​BG​T”​
    BSMQOSCRPCGL?K,5+<9(5*,K?LRCLF?KMB@GRMA?PB”?​AMLCACQQŠPGMN?P?DMPLCACPOS?LRGB?BCQQS¤AGCLRCQBCQ?LESCN?P?
    MQ​KžQASJMQ NMPK?SK?DPC​OS‘LAG?A?PB”?​A?KCLMP$QQ??P?XŽMNCJ?OS?JMK?PA?BMPR”NGAMB?@M?DMPK??CP™@G?
    ?SKCLR?B?LŽM?NCL?Q?BGKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?LMPCNMSQM K?QR?K@K?DPC​OS‘LAG?A?PB”?​A?BGKGLS”​B?CK
    OS?JOSCPA?PE?BCRP?@?JFMQS@KŠVGK?NCV AMPPCPCKSKPGRKMBCKGLNMP IK 
    . RPCGL?KCLRM BC ,5+<9(5*, R?K@K NMBC BGKGLSGP ? NPCQQŽM ?PRCPG?J R?LRM LM PCNMSQM OS?LRM BSP?LRC CVCPA”AGM BC
    GLRCLQGB?BC QS@KŠVGK? CK GL​BG​T”​BSMQ LMPKMRCLQMQ  NMPK ? BGKGLSGŽM  PCJ?RGT?KCLRC NCOSCL? $QQ? BGKGLSGŽM L?
    NPCQQŽM?PRCPG?JSKD?RMPGKNMPR?LRCN?P?CVNJGA?PNMPOSCMTMJSKCBCCHCŽMK?GMPCLRPCGL​BG​T”​BSMQRPCGL?BMQBMOSC
    CLRPCGL​BG​T”​BSMQLŽMRPCGL?BMQCKQGRS?CQBCPCNMSQMCBSP?LRCCVCPA”AGMQBCGLRCLQGB?BCQS@KŠVGK?+CK@PC QCBCOSC
    ? NPCQQŽM ?PRCPG?J PCNPCQCLR? ? PCQGQR‘LAG? ?M ¥SVM BC Q?LESC $LRPCR?LRM  AMKM M GL_ Gq”_ SM RPCGL?BM NMBC PC?gGu?P K?GQ
    RP?@?JFM ?CP™@GM  ? NPCQQŽM ?PRCPG?J CK A?PE?Q KŠVGK?Q BC RP?@?JFM  CQNCAG?JKCLRC ? NPCQQŽM ?PRCPG?J QGQR™JGA?  NMBC QCP
    JCTCKCLRC K?GMP CK GL​BG​T”​BSMQ RPCGL?BMQ BM OSC CK GL​BG​T”​BSMQ LŽM RPCGL?BMQ JK B? NPCQQŽM ?PRCPG?J KCLMP  MSRP?Q
    ?B?NR?CQ ?M RPCGL?KCLRM BC ,5+<9(5*, NMBCK AMLRPG@SGP N?P? M ?SKCLRM BM TMJSKC BC CHCŽM  AMKM 5#% K?GMP
    TMJSKCQ?LES”​LCMRMR?J?SKCLR?BM K?QQ?​KSQASJ?PTCL​RPGAS​J?PCQOSCPB??SKCLR?B?C CK@MP?LŽMRCLF?QGBMKMQRP?BM
    AMLQGQRCLRCKCLRC  DSLŽM QGQR™JGA? ?SKCLR?B? #C D?RM  SK? TCX OSC ? NPCQQŽM ?PRCPG?J KŠVGK?  MS GL?JRCP?B? MS
    JCTCKCLRC ?SKCLR?B? AMKM PCQSJR?BM BM RPCGL?KCLRM ?CP™@GM  M ?SKCLRM LM TMJSKC BC CHCŽM TGQRM LMQ RPCGL?BMQ CK
    A?PE?QKŠVGK?QBCRP?@?JFMQCBCTCNPGLAGN?JKCLRC?CQQ?QMSRP?Q?B?NR?CQ?MRPCGL?KCLRMBC,5+<9(5*, N?P​RGASJ?P​KCLRC
    ?M5#%?SKCLR?BM QQGK CK@MP?MTMJSKCBCCHCŽMC NMPCVRCLQŽM MB@GRMA?PB”?​AMCQRCH?K?SKCLR?BMQCKA?PE?Q
    KŠVGK?QCQS@KŠVGK?QBCRP?@?JFMCLRPC?RJCR?QOSCRPCGL?K,5+<9(5*, MQD?RMPCQOSCAMLRPG@SCKN?P?CQQ?KCJFMP?LM
    TMJSKCBCCHCŽMC NMPR?LRM LMB@GRMA?PB”?​AMNMBCKT?PG?P

    ! 

    FC2?E6 2 2E:G:5256 7{D:42 9s ?646DD:5256 56 32=2?462C @ 5x3:E@ 42C5{2​4@ 6=6G25@ BF6 2F>6?E2 2 AC6DDv@ 2CE6C:2= 6?EC6E2?E@
    @4@CC62G2D@5:=2E2wv@56?EC@5@E64:5@2E:G@BF65:>:?F:2AC6DDv@2CE6C:2=62G2D@4@?DEC:wv@5@DE64:5@D:?2E:G@D56>@5@BF62
    AC6DDv@2CE6C:2=x>2?E:52
    @> 2 :?E6?D:5256 5@ 6I6C4{4:@ 2F>6?E252 @4@CC6> 6=6G2w‚6D E2?E@ ?2 7C6​BFy?4:2 42C5{2​42 BF2?E@ ?@ G@=F>6 56 6;6wv@ @ BF6
    2F>6?E2@5x3:E@42C5{2​4@
    F>6?E@D?@G@=F>65:2DE=:4@L?2=2;F52>22F>6?E2C@G@=F>6566;6wv@?@C6A@FD@65FC2?E642C82D56EC232=9@>sI:>2D6
    DF3>sI:>2D
    @> @ EC6:?2>6?E@ 26C3:@ A@CBF6 2 7C6​BFy?4:2 42C5{2​42 >sI:>2 >F52 A@F4@ 4@> @ EC6:?2>6?E@ @ 2F>6?E@ :?5FJ:5@ A6=@
    EC6:?2>6?E@?@5x3:E@42C5{2​4@>sI:>@@4@CC6AC:?4:A2=>6?E6A@C42FD2562F>6?E@?@G@=F>65:2DE=:4@L?2=G6?bC:4F Z2C6DBF6C5@
    @BF6AC@G@422F>6?E@?@G@=F>6566;6wv@
    %56D6>A6?9@56EC6:?2>6?E@56 &# AC@G@425:>:?F:wv@?2AC6DDv@2CE6C:2=56C6A@FD@65FC2?E6@EC232=9@DF3>sI:>@
    BF6xF>72E@CBF62;F5222F>6?E2C@G@=F>6566;6wv@

    012%,%&$"0,

    6<
    5MA‘  SK 7,9:65(3 ;9(05,9 C SK BC QCSQ AJGCLRCQ  OSC QMDPC BC FGNCPRCLQŽM  NCPESLR? N?P? TMA‘ NMP OSC M CVCPA”AGM
    ?CP™@GMRMPL?MRP?@?JFMBMAMP?ŽMK?GQDŠAGJ"MKMTMA‘CVNJGA?PG?GQQMN?P?QCSAJGCLRC
    9A
    , NL?CH;G?HNI ;?L•<CI >? FIHAI JL;TI >CGCHOC ; JL?MMŠI ;LN?LC;F >? L?JIOMI   JL?MMŠI ;LN?LC;F >? L?JIOMI
    >CGCHO​>; @;T =IG KO? I P?H​NL=OFI ?MKO?L>I <IG<?C? M;HAO? G;CM @;=CFG?HN?
     JILKO? ?F? >?P? >?M?HPIFP?L
    G?HIM @IL‹; J;L; ?D?N;L I M;HAO? J;L; MO; =CL=OF;‹ŠI J?LC@ŒLC=;   JL?MMŠI ;LN?LC;F >OL;HN? I ?R?L==CI
    MO<G†RCGI HI G?MGI LCNGI
     =IGI =ILLC>; >? 
     EG ?G  GCH
     N;G<ŒG Œ G?HIL ;J•M I NL?CH;G?HNI >?
    FIHAI JL;TI  MMCG
     I NL;<;FBI >I =IL;‹ŠI N;G<ŒG Œ G?HIL HI ?R?L==CI MO<G†RCGI  !OL;HN? ; G†RCG;
    CHN?HMC>;>? >? NL;<;FBI
     ; JL?MMŠI ;LN?LC;F J?LG;H?=? ; G?MG; IO ;OG?HN; F?P?G?HN?
     I KO? ;OG?HN;LC; I
    NL;<;FBI >I P?H​NL=OFI ?MKO?L>I  "HNL?N;HNI
     ; G;CILC; >;M J?MMI;M
     ?R=?NI ;NF?N;M
     A;MN; JIO=I N?GJI >I
    NL?CH;G?HNI;?L•<CI?GCHN?HMC>;>?MG†RCG;M
    >?GI>IKO?M?INL;<;FBI>IP?H​NL=OFI?MKO?L>I;OG?HN;L?G
    CHN?HMC>;>?MG†RCG;M
    ?F?N?L†J?KO?H;M=IHM?​KOH=C;MJ;L;;G;CILC;>;MJ?MMI;M

    6<
    5MA‘  SK RALGAM BC ?RJCRGQKM C SK BMQ QCSQ AMPPCBMPCQ BC BGQR‹LAG? BM M ?LM RCK SK CV?KC KBGAM NPTGM ?M
    GL”AGM BM RPCGL?KCLRM GLBGA?LBM OSC CJC RCK SK FCK?R™APGRM BC  5MA‘ ¤A?PG? NPCMASN?BM AMK M FCK?R™APGRM
    @?GVMBCQQC?RJCR?

    9A
    2G B?G;N•=LCNI <;CRI JI>? CH>C=;L ;H?GC;  "HNL?N;HNI
     =IHP?LM;H>I =IG I ;NF?N; PI= >?M=I<L? KO? ?F?
    =IG?‹IO ; NL?CH;L ;FAOG;M M?G;H;M ;HN?M >I ?R;G?  MMCG
     JIL =;OM; >? ;OG?HNI HI PIFOG? JF;MG†NC=I
    L†JC>I CH>OTC>I J?FI NL?CH;G?HNI
     ? ;OG?HNI G?HIL HI PIFOG? >? B?G†=C;M
     JI>?LC; M?L ?MJ?L;>I
     H?MM;
    MCNO;‹ŠI
    OGB?G;N•=LCNIG?HIL>IKO?IHILG;F  IGIL?MOFN;>I
    PI=HŠIV=;>?G;MC;>IJL?I=OJ;>I
    G;M
    GIHCNIL;I;NF?N;J;L;MCH;CM>?@;>CA;KO?JI>?LC;GCH>C=;L;H?GC; 3I=N;G<ŒGJI>?KO?L?LKO??F?=B?KO?
    IB?G;N•=LCNI;J•MG;CM;FAOG;MM?G;H;M>?NL?CH;G?HNI

    #% @$%

    . QGQRCK? AGPASJ?R™PGM NMBC QCP BGTGBGBM CK BMGQ AMKNMLCLRCQ AGPASJ?R™PGMQ NPGLAGN?GQ ?Q AGPASJ?CQ NCPGDPGA? C
    NSJKML?P  AGPASJ?ŽM NCPGDPGA? DMPLCAC Q?LESC N?P? RMBMQ MQ RCAGBMQ BM AMPNM ?LRCQ BC PCRMPL?P N?P? M AMP?ŽM
    CLOS?LRM?AGPASJ?ŽMNSJKML?PCLTG?Q?LESCN?P?MQNSJKCQN?P?MVGECL?ŽMCPCKMŽMBCBG™​VGBMBCA?P@MLM?LRCQBC
    PCRMPL?P ?M AMP?ŽM #C KMBM QGKGJ?P  M AMP?ŽM NMBC QCP NCLQ?BM AMKM BS?Q @MK@?Q QCN?P?B?Q ŠRPGMQ C TCL​RP”ASJMQ
    BGPCGRMQCCQOSCPBMQ OSC@MK@CG?KQ?LESCN?P??QAGPASJ?CQNSJKML?PCNCPGDPGA? PCQNCARGT?KCLRC
    .AGAJMA?PB”?​AMAMLQGQRCL?D?QCQGQR™JGA? MSAMLRP?ŽMBMKGMAŠPBGM BSP?LRC?OS?J?NPCQQŽMQ?LES”​LC?K?GMPCL?
    D?QC BG?QR™JGA?  MS PCJ?V?KCLRM BM KGMAŠPBGM  BSP?LRC ? OS?J ? NPCQQŽM Q?LES”​LC?  K?GQ @?GV? . ¥SVM Q?LES”i CM 
    NPMTMA?BMNCJ?BGDCPCL?L?NPCQQŽMQ?LES”​LC?CK?K@?Q?QAGPASJ?CQNSJKML?PCNCPGDPGA?/?P?OSCM¥SVMQ?LES” i CM
    ?AMLRC? C¤AGCLRCKCLRC  M AGAJM A?PB”? ^M NPCAGQ? MAMPPCP CK SK? MPBCK CQNCA”¤A? C  AMLRPMJ?BM NCJM RCAGBM LCPTMQM
    CQNCAG?JGX?BMJMA?JGX?BMBCLRPMBCQCEKCLRMQCQNCAG?JGX?BMQBMAMP?ŽM GLAJSGLBMML™2 ML™ 5 MD?QA”ASJM?RPGMTCL​
    RPGAS​J?P  MQ P?KMQ BMQ D?QA”ASJMQ BGPCGRM C CQOSCPBM C ?Q ¤@P?Q BC /SPIGLHC . AGAJM A?PB”?^M R?K@K  AMLRPMJ?BM NMP
    D?RMPCQCVRP”LQCAMQB?CQRGKSJ?ŽMLCPTMQ?QGKNŠRGA?CN?P?QQGKNŠRGA?#SP?LRC?QTŠPG?QD?QCQBMAGAJMA?PB”?​AM ??RGTGB?BC
    CJRPGA?  MS KMTGKCLRM BMQ ”M​LQ  NMBC QCP BCRCAR?B? C PCQSJR?P CK TŠPG?Q MLB?Q CJCRPMA?PBGMEPŠ¤A?Q OSC PCNPCQCLR?K ?
    AMLRP?ŽMCMPCJ?V?KCLRMBMQŠRPGMQCBMQTCL​RP”ASJMQ
    . Q?LESC  DMPK?BM NMP BMGQ AMKNMLCLRCQ NPGLAGN?GQ M NJ?QK? C MQ CJCKCLRMQ ¤ESP?BMQ  EP?LBC K?GMPG? BMQ
    CJCKCLRMQ¤ESP?BMQQŽM?QFCKŠAG?Q PCQNMLQŠTCGQNCJMRP?LQNMPRCBCMVGE‘LGM
     CJCT?ŽM BM ¥SVM BC Q?LESC N?P? M RCAGBM ?RGTM ?SKCLR? M RP?LQNMPRC BC MVGE‘LGM N?P? ?OSCJC RCAGBM . ¥SVM BC
    Q?LESCN?P?SKRCAGBMNMBCKSB?PNMPA?SQ?BCKSGRMQD?RMPCQDSLB?KCLR?GQ GLAJSGLBM?JRCP?CQLMB@GRMA?PB”?​AMC
    PCBGQRPG@SGŽMBM¥SVMBCQ?LESCAMKMPCQSJR?BMB?T?QMBGJ?R?ŽMBMQT?QMQQ?LES” i CMQLMRCAGBM?RGTMC?T?QMAMLQRPGŽM
    BMQT?QMQBMQRCAGBMQGL?RGTMQ
    . PCRMPLM TCLMQM N?P? M AMP?ŽM LM PCNMSQM  K?Q CQNCAG?JKCLRC BSP?LRC ? ?RGTGB?BC D”QGA?   ?HSB?BM NCJ? @MK@?
    PCQNGP?R™PG?CNCJ?@MK@?​KSQASJ?P N™QMRPCGL?KCLRM M¥SVMBCQ?LESCN?P?MQ h žQASJMQCKCVCPA”AGM?SKCLR? LŽM
    ?NCL?QAMKMPCQSJR?BMBMB@GRMA?PB”?​AMCJCT?BMCB?PCBGQRPG@SGŽMBM¥SVMQ?LES” i CMK?GQC¤AGCLRC K?QR?K@KNMP
    A?SQ? B?Q ?B?NR?CQ BM QGQRCK? AGPASJ?R™PGM "MK@GL?B?Q  CQQ?Q ?B?NR?CQ ?SKCLR?K M ¥SVM BC Q?LESC C M
    DMPLCAGKCLRM BC MVGE‘LGM  N?P? MQ ​KžQASJMQ CK CVCPA”AGM  NCPKGRGLBM OSC MQ ?RJCR?Q QC Q?G?K KCJFMP CK ?K@MQ MQ
    CQDMPMQKŠVGKMCQS@KŠVGKM
    %#$E#"&#=

    #>11:/4--?8-/A:-?
    2C M B@GRM A?PB”?​AM CK PCNMSQM  BC  l\KGLZ C ? DPC​OS‘LAG? A?PB”?​A? LM PCNMSQM BGKGLSG  M ========= BCTC
    ?SKCLR?PN?P?OSCMB@GRMA?PB”?​AMNCPK?LC?MKCQKM
    Q¤@P?QLCPTMQ?QN?P?QQGKNŠRGA?QBMQL™Q2 C 5JG@CP?KMLCSPMRP?LQKGQQMP========= OSCPCQSJR?CKDPCl S‘LAG?
    A?PB”?​A?KCLMP CLOS?LRM?Q¤@P?QLCPTMQ?QQGKNŠRGA?QJG@CP?K========= OSCPCQSJR?KCKDPCl S‘LAG?A?PB”?
    ^?K?GMP
    4K? BGDCPCL? NPGLAGN?J CLRPC M ​KžQASJM CQOSCJRGAM C M KGMAŠPBGM  ? NPCQCL? BC ========= LM KGMAŠPBGM N?P?
    RP?LQKGRGPMGKNSJQMBCAMLRP?ŽMCLRPC?Q¤@P?Qh SQASJ?mCQA?PB”?^?Q
     2C M TMJSKC BG?QR™JGAM ¤L?J ?SKCLR? C M TMJSKC QGQR™JGAM ¤L?J NCPK?LCAC AMLQR?LRC  M TMJSKC BC CHCŽM GPŠ
    =========
      CJCT?ŽM L? NPCQQŽM ?PRCPG?J QGQR‘KGA? NMP A?SQ? BC ?SKCLRM LM B@GRM A?PB”?​AM  AMKNCLQ?B? N?PAG?JKCLRC NCJ?
    CJ?QRGAGB?BC MS ========= KSB?L? LM TMJSKC NCJ? KSB?L? L? NPCQQŽM  B?Q ?PRPG?Q NCPGDPGA?Q Q?SBŠTCGQ
    NCPKGRGLBMOSCCJ?QQCCVN?LB?KOS?LBMK?GQQ?LESCCHCR?BMN?P?CJ?QNCJMTCL​RP”ASJMCQOSCPBM
    n8@5<8-1?/;84-
    0S?J?PRPG??NPGKCGP??BCGV?P??MPR?CNPMTCPMAMP?ŽMAMKLSRPGCLRCQCQSNPGKCLRMQ?LES”​LCM
    ? PRPG?NSJKML?P
    @ PRPG?AMPMLŠPG?
    A PRPG?@P?OSG?J
    B PRPG?P?BG?J
    C PRPG?DCKMP?J
    0S?JRCAGBMA?PB”?​AMRCKM?SRMK?RGQKMK?GQPŠNGBM
    ? -™QGLM?RPG?J
    @ -™?RPGMTCL​RPGAS​J?P
    A %G@P?QBC/SPIGLHC
    B 1?KMBMD?QA”ASJMCQOSCPBM
    C %?QA”ASJM?RPGMTCLRPGASJ?P
    0S?JGQ ?¤PK?ŽMCQ ?QCESGPQŽM TCPB?BCGP?Q QM@PC?Q¤@P?QKGMAŠPBGA?Q
    ? $J?QR‘KSK?EP?LBCOS?LRGB?BCBCKGRMAšLBPG?Q
    @ $J?QR‘KSK?PCBCA?NGJ?PCVRCLQ?
    A $J?QQŽMA?N?XCQBCSRGJGX?PCLCPEG??CP™@G?C¤AGCLRCKCLRCN?P??AMLRP?ŽM
    B $J?QLMPK?JKCLRCLŽMSQ?KMKCR?@MJGQKM?L?CP™@GM
    C 3MB?Q?QMNCQ?LRCPGMPCQ
     0S?JBMQQCESGLRCQD?RMPCQ?DCR?K?GQBP?QRGA?KCLRC?PCQGQR‘LAG??M¥SVMBCQ?LESCLMQT?QMQBMAMPNMFSK?LM
    ? .AMKNPGKCLRMBMT?QMQ?LES”​LCM
    @ TGQAMQGB?BCBMQ?LESC
    A ,SB?L?QLMFCK?R™APGRM
    B .P?GMBMT?QMQ?LES”​LCM
     0S?JB?QMNCQQCESGLRCQAMKNC?K?GMPN?PRCBMFCK?R™APGRM
    ? /PMRC”​L?Q
    @ /J?OSCR?Q
    A 'MPKšLGMQ
    B 'CKŠAG?Q
    C $JCRP™JGRMQ
    )1>0-015>;;A2-8?;
    NPGLAGN?JBGDCPCL?CLRPCM​KžQASJMA?PB”?​AMCM​KžQASJMCQOSCJRGAMM?SRMK?RGQKMBM​KžQASJMA?PB”?​AM
    .AMKNJCVM012CKSKCJCRPMA?PBGMEP?K?PCNPCQCLR?MPCJ?V?KCLRMBMTCL​RP”ASJM
    .TMJSKCBCCHCŽMR”NGAMN?P?SKFMKCKLŽMRPCGL?BMBCR?K?LFMLMPK?JLMPCNMSQMBCACPA?BCl\KGLZ
     #C?AMPBMAMKMKCA?LGQKMBC%P?LI 2R?PJGLE QCMTMJSKCBG?QR™JGAM¤L?JBMTCL
    oP”ASJM?SKCLR?QQC MTMJSKCBC
    CHCŽMBGKGLSGPG?
     4K??B?NR?ŽM?MRPCGL?KCLRMBC,5+<9(5*,BCJMLEMNP?XM?BGKGLSGŽMLMFCK?R™APGRM
    $A1?@m1?;.61@5B-?
    2C SK? AJSJ? Q?LES”​LC? DMQQC CHCR?B? BM TCL​RP”ASJM CQOSCPBM  NMP MLBC CJ? BCTCPG? N?QQ?P ?R AFCE?P ?M ŠRPGM
    CQOSCPBM
    0S?GQQŽM?QNPGLAGN?GQ?PRPG?QCTCG?QAMPMLŠPG?QCLAMLRP?B?QL?QSNCPD”AGCCVRCPGMPBMAMP?ŽM
    .OSC?AMLRCACPG?QCMQŠRPGMQCMQTCL​RP”ASJMQQCAMLRP?”​QQCK?MKCQKMRCKNM/MP​OS‘
     0S?J  ? DSLŽM BM RCAGBM LCPTMQM CQNCAG?JGX?BM 0 ,  P?KMQ BMQ D?QA”ASJMQ C ¤@P?Q BC /SPIGLHC  OSC D?X AMK OSC M
    AMP?ŽMQCAMLRP?G?
     "MKM NMBCKMQ BGDCPCLAG?P ? FGNCPRPM¤? TCL
    oPGASg?P CQOSCPB? NPMTMA?B? NMP SK? ?B?NR?ŽM ¤QGMJ™EGA? B?OSCJ?
    NPMTMA?B?NMPSK??B?NR?ŽMN?RMJ™EGA?
    #1:?-91:@;/>h@5/;
    #SP?LRCMCVCPA”AGM AMKMM¥SVMQ?LES”
    i CMNMBC?SKCLR?PN?P?MRCAGBMh SQASJ?P?RGTM
    5MA‘SKRPCGL?BMPBC?RJCRGQKMCSKBMQQCSQK?P?RMLGQR?QBMM?LMDCXSKCV?KC?LRCQBMGL”AGMBMRPCGL?KCLRM
    OSC?NPCQCLR?SKFCK?R™APGRM@?GVM5MA‘¤A?PG?NPCMASN?BMAMKMFCK?R™APGRM@?GVMBCQQC?RJCR?

    "#&

    >1CD?=?C5GLRCPAMKSLGA?ŽMCLRPCBS?Q?PRPG?QOSCE?P?LRCM¥SVMBCQ?LESCN?P?SK?®PC? KCQKMQC??PRPG?OSC
    QSNPCSK?​ŠPC?@JMOSC?B?N?PAG?JMSRMR?JKCLRC
    BD5Bo?​<1C?QKCLMPCQ?PRPG?Q
    BDlB91CT?QMQEP?LBCQOSCRP?LQNMPR?KQ?LESCN?P?DMP?BMAMP?ŽM
    ED?=1D9C=?31B4o1​3?A?N?AGB?BCBCMRCAGBMA?PB”?​AMGLGAG?PMNP™NPGMGKNSJQMBCCQR”KSJMAMLRPŠRGJ?GLRCPT?JMQBC
    RCKNMPCESJ?PCQ
    ED?BB57E<1kj?AMLRPMJCGLRP”LQCAMB?T?QMAMLQRPGŽMCB?T?QMBGJ?R?ŽM
    ?=21 B5C@9B1DsB91 ? ?HSB? ?M PCRMPLM TCLMQM N?P? M AMP?ŽM DCGR? NCJ?Q KSB?L?Q L? NPCQQŽM GLRP?RMPŠAGA? BSP?LRC ?
    GLQNGP?ŽMC?CVNGP?ŽM
    ?=21​=EC3E<1B??HSB??MPCRMPLMTCLMQMN?P?MAMP?ŽMNCJMQGQRCK?BCTŠJTSJ?QL?QTCG?QCNCJ?AMLRP?ŽM​KSQASJ?P
    B14931B491DPC​OS‘LAG?A?PB”?​A?BCPCNMSQMKCLMPOSC?LMPK?JKCLMQBC@?RGKCLRMQ\KGLZ 
    1@9<1B5CMQKCLMPCQT?QMQQ?LES”​LCMQ LMQOS?GQMAMPPC?RPMA?BCMVGE‘LGM MSRPMQLSRPGCLRCQCNPMBSRMQKCR?@™JGAMQ
    CLRPCQ?LESCCRCAGBMQ
    9B3E<1kj? @5B96lB931 QGQRCK? AGPASJ?R™PGM OSC KMTC M Q?LESC BM AMP?ŽM N?P? RMB?Q ?Q N?PRCQ BM AMPNM  CVACRM MQ
    NSJKCQ CBCTMJR?N?P?MAMP?ŽM
    9B3E<1kj?@E<=?>1BQGQRCK?OSCKMTCMQ?LESCBMAMP?ŽMN?P?MQNSJKCQCBCTMJR?N?P?MAMP?ŽM
    965B5>k1 1BD5B9?F5>?C1 45 ?H97m>9? 496 1F %  BGDCPCL? CLRPC ? OS?LRGB?BC BC MVGE‘LGM CK  Kl BM Q?LESC
    ?PRCPG?JCLRP?LBMCKSKRCAGBMC?OS?LRGB?BCBCMVGE‘LGMCKKlBMQ?LESCTCLMQMOSCBCGV?MRCAGBM
    9g​CD?<5D?QCBCPCJ?V?KCLRMBMAGAJMA?PB”?​AM
    l29D? 31B4o1​3? OS?LRGB?BC BC Q?LESC @MK@C?BM NMP KGLSRM NCJM AMP?ŽM  LMPK?JKCLRC CVNPCQQM CK l\KGLZ MS
    Kl\KGLZ
    <5DB?31B49?7B1=1PCEGQRPMB??RGTGB?BCCJRPGA?BMAMP?ŽMBSP?LRCMAGAJMA?PB”?​AM
    C6o>3D5B5C@Bl31@9<1B5C?LGQ​KSQASJ?​PCQL?CLRP?B?BMJCGRMA?NGJ?POSCQŽMA?N?XCQBC?SKCLR?PCBGKGLSGPQCSBG‹​
    KC​RPMGLRCPLM
    5=1Ds3B9D?NMPACLR?ECKBMTMJSKCBCQ?LESCRMR?JAMKNMQR?BCAJSJ?QMSCJCKCLRMQ¤ESP?BMQ QCLBMOSC?K?GMP
    N?PRCBCFCKŠAG?QCPGRP™AGRMQ 
    5=?3?>35>DB1kj?PCBSŽML?NMPŽM¥SGB?BMQ?LESCCKPCJ?ŽMQAJSJ?QMS?MQCJCKCLRMQ¤ESP?BMQBMQ?LESC
    5=?7<?29>1QS@QR‹LAG?AMKNMQR?BCNPMRC”​L?CBCSKNGEKCLRMAMLRCLBMDCPPMA?N?XBCQCJGE?PPCTCPQGTCJKCLRC?M
    MVGE‘LGM
    9@5BD5>Cj?NPCQQŽM?PRCPG?JK?GMPBMOSC?LMPK?J
    #1CC1F5>​DB93E​<1B5CAE5B41KGMAŠPBGMOSCPCAM@PCMTCL​RP”ASJMCQOSCPBM
    #9?3gB49?RCAGBM​KSQASJ?POSCAMKNCMAMP?ŽM
    $?B=?D5>C?OSCRCKNPCQQŽM?PRCPG?JLMPK?J
    $s 1DB9?F5>​DB93E​<1B >s , L™ BC ¤@P?Q h SQASJ?
    mCQ A?PB”?^?Q JMA?JGX?B?Q L?Q NMPCQ GLDCPGMPCQ BM ŠRPGM BGPCGRM OSC
    ?RP?Q?MGKNSJQMBCAMLRP?ŽMCKBCQCESLBMN?P?OSCMQŠRPGMQQCAMLRP?G?K?LRCQBMQTCL​RP”ASJMQ
    $sC9>?1DB91<>s)L™BC¤@P?Qh SQASJ?mCQA?PB”?^?QJMA?JGX?B?QL?NMPŽMQSNCPGMPBMŠRPGMBGPCGRM OSCRCKMK?GMP
    ?SRMK?RGQKMR?K@KAF?K?BMBCK?PA? N?QQMBMAMP?ŽM
    &1B1CC9=@gD931C¤@P?QLCPTMQ?QOSCSRGJGX?K?ACRGJAMJGL?AMKMLCSPMRP?LQKGQQMP OSCBGKGLSG?DPCl S‘LAG?A?PB”? ^?
    &5B93gB49?Q?AMKCK@P?LMQMPCQGQRCLRCOSCPCAM@PCMAMP?ŽM
    &<1C=1AMKNMLCLRC¥SGBMBMQ?LESC
    (1=?C CE25>4?3gB493?C {2B1C 45 &EB;9>:5 PCBC BC ¤@P?Q LCPTMQ?Q OSC NPMN?E?K M GKNSJQM CJRPGAM NCJMQ TCL *
    RP”ASJMQN?P?NPMTMA?PQS?AMLRP?ŽM
    )1>7E51BD5B91<¥SVMBCQ?LESCOSCQ?GBMAMP?ŽML?BGPCŽMB?QAGPASJ?CQNSJKML?PCNCPGDPGA?
    )1>7E5F5>?C?MQ?LESCOSCCQRŠPCRMPL?LBMN?P?MAMP?ŽMB?QAGPASJ?CQNSJKML?PCNCPGDPGA?
    )9=@gD931C¤@P?QLCPTMQ?QOSCSRGJGX?KMLCSPMRP?LQKGQQMPLMP?BPCL?JGL? OSC?SKCLR??DPC l S‘LAG?A?PB”?
    ^?CMTMJSKC
    BCCHCŽM
    )oCD?<5D?QCBCAMLRP?ŽMBMAGAJMA?PB”?​AM
    ,1C?3?>CDB9kj?BGKGLSGŽMLMP?GMGLRCPLMBMQT?QMQQ?LES”​LCMQ
    ,1C?49<1D1kj??SKCLRMLMP?GMGLRCPLMBMQT?QMQQ?LES”​LCMQ
    ,1C?C C1>7Eo​>5?C 45 31@139Dh>391 T?QMQ Q?LES”​LCMQ A?N?XCQ BC ?PK?XCL?P SK EP?LBC TMJSKC BC Q?LESC ? NPCQQCQ
    PCJ?RGT?KCLRC@?GV?QQCPCDCPCRGNGA?KCLRCQTCG?Q
    ,591CEP?LBCQT?QMQOSCRP?LQNMPR?KQ?LESCN?P?MAMP?ŽM
    ,?<E=5455:5kj?OS?LRGB?BCBCQ?LESC@MK@C?B??A?B?@?RGKCLRMBMAMP?ŽM LMPK?JKCLRCCVNPCQQ?CKKGJGJGRPMQ
    ,?<E=5491CDs<93?{>1<,OS?LRGB?BCBCQ?LESCLMTCL​RP”ASJMGKCBG?R?KCLRC?LRCQB?AMLRP?ŽM
    ,?<E=5C9CDs<93?{>1<,)OS?LRGB?BCBCQ?LESCLMTCL​RP”ASJMGKCBG?R?KCLRC?N™Q?AMLRP?ŽM
    ,m>E<1C?QKCLMPCQTCG?Q

    "?#

     "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE?LB/PCQAPGNRGML/FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ 


     JJCL#& )CUCJJ!1 ,SPP?W)63FCAMLRPG@SRGMLMD?ARGT?RGMLNPMACQQCQRMRFCJCLERFZRCLQGMLPCJ?RGMLMDA?PBG?A
    KSQAJC-?RSPCZ
     JJCL#& *SPGF?P?23FCCDDCARQMDKSQAJCJCLERFMLGLRP?ACJJSJ?PA?JAGSKRP?LQGCLRQGLK?KK?JG?LA?PBG?AKSQAJC)
    /FWQGMJZ
     PAC $QOSGTCJ  6CJQAF ,  'GEF ?LB JMU TMJSKC PCQGQR?LAC RP?GLGLE ?LB T?QASJ?P DSLARGML (LR ) 2NMPRQ ,CB
    Z
     "MPLCJGQQCL 5  %?E?PB 1' $DDCAR MD PCQGQR?LAC RP?GLGLE ML PCQRGLE @JMMB NPCQQSPC ? KCR? ?L?JWQGQ MD P?LBMKGXCB
    AMLRPMJJCBRPG?JQ)'WNCPRCLQZ
     "P?GE2* !WPLCQ6" %JCAI2)/J?QK?TMJSKCPCQNMLQCQBSPGLE?LB?DRCPRUMBGQRGLARUCGEFRJGDRGLENPMRMAMJQ(LR)
    2NMPR,CBZ
     $QJCP, )CLLGLEQ& +?K@CPR& CR?J.TCP¥MUMDA?RCAFMJ?KGLCLCSPMRP?LQKGRRCPQRMRFCAGPASJ?RGMLQMSPAC D?RC
    ?LBDSLARGMLQ/FWQGMJ1CTZ
     %?E?PB1'/FWQGA?J¤RLCQQ?LB@JMMBNPCQQSPC)'WNCPRCLQ2SNNJ2Z2
     %?JICJ)$ %JCAI2) ,SPP?W3%"MKN?PGQMLMDACLRP?JFCKMBWL?KGAQ@CRUCCLNMUCPJGDRCPQ?LB@MBW@SGJBCPQBSPGLE
    PCQGQR?LACCVCPAGQC) NNJ2NMPR2AG1CQZ
     %JCAI2) #C?L+21CQGQR?LAC RP?GLGLECVNCPGCLAC?LBRFCNPCQQMPPCQNMLQCBSPGLEPCQGQR?LACCVCPAGQC) NNJ/FWQGMJ
    Z
     %JCAI2) 'CLIC" 6GJQML6"?PBG?A,1(MDCJGRCHSLGMP.JWKNGAUCGEFRJGDRCPQ(LR)2NMPRQ,CBZ
     %JCAI 2)  /?RR?LW /,  2RMLC ,'  CR ?J ,?ELCRGA PCQML?LAC GK?EGLE BCRCPKGL?RGML MD JCDR TCLRPGASJ?P K?QQ HSLGMP
    .JWKNGAUCGEFRJGDRCPQ,CB2AG2NMPRQ$VCPAZ
     %JCAI2)"?PBGMT?QASJ?P?B?NR?RGMLQRMPCQGQR?LACRP?GLGLE,CB2AG2NMPRQ$VCPA2Z2
     %JCAI2)"?PBGMT?QASJ?PPCQNMLQCQRMQRPCLERFRP?GLGLE(L/5* CB2RPCLERF?LB/MUCPGL2NMPR!J?AIUCJJ2AGCLAC
    
     %MV2'SK?L/FWQGMJMEW-CU8MPI,A&P?U 'GJJ"MKN?LGCQ 
     &?RCQ/ 2C?JQ#1#CAJGLCGLJ?PECCJ?QRGA?PRCPWAMKNJG?LACUGRF?EC?RFCP?NCSRGAR?PECRDMPF?@GRS?JCVCPAGQC!P)
    2NMPRQ,CBZ
     &MMBK?L ),  +GS //  &PCCL ') +CDR TCLRPGASJ?P ?B?NR?RGMLQ DMJJMUGLE QFMPR RCPK CLBSP?LAC RP?GLGLE ) NNJ
    /FWQGMJZ
     &MMBK?L ), 3FC ?RFJCRCQ FC?PR (L 2FCNF?PB 1)  QRP?LB /.  CBQ $LBSP?LAC GL 2NMPR !J?AIUCJJ /S@JGQFGLE
    ,?JBCL , 
     &PCCL') )MLCQ++ /?GLRCP#"$DDCARQMDQFMPR RCPKRP?GLGLEMLA?PBG?ADSLARGMLBSPGLENPMJMLECBCVCPAGQC,CB
    2AG2NMPRQ$VCPAZ
     '?E@CPE ),  &MJB@CPE /  +?I?RR? +  CR ?J $VN?LBCB @JMMB TMJSKCQ AMLRPG@SRC RM RFC GLAPC?QCB A?PBGMT?QASJ?P
    NCPDMPK?LACMDCLBSP?LAC RP?GLCBMJBCPKCL) NNJ/FWQGMJZ
     '?J@CPR )  2GJ?EW "  %GLSA?LC /  CR ?J 3FC CDDCARGTCLCQQ MD CVCPAGQC RP?GLGLE GL JMUCPGLE @JMMB NPCQQSPC ? KCR?
    ?L?JWQGQMDP?LBMKGQCBAMLRPMJJCBRPG?JQMDUCCIQMPJMLECP)'SK'WNCPRCLQZ
     'CDDCPL?L*2 1MQQMU+ )?C28 CR?J$DDCARMDQGLEJC JCEPCQGQR?LACCVCPAGQCMLPCEGML?J?PRCPG?JQRGDDLCQQ$SP) NNJ
    /FWQGMJZ
     )MFLQML),/FWQGA?JRP?GLGLE?LBRFCAMLRPMJMDQIGL@JMMB¥MU,CB2AG2NMPRQ$VCPAZ
     *?QGIAGMEJS$ .¥?X'  IF?L' CR?J+CDR?RPG?JECMKCRPGA?LBDSLARGML?JPCKMBCJGLEGL?RFJCRCQ(LR)2NMPRQ,CB
    Z
     *CJJW & #WL?KGA PCQGQR?LAC CVCPAGQC ?LB PCQRGLE @JMMB NPCQQSPC GL ?BSJRQ ? KCR? ?L?JWQGQ ) NNJ /FWQGMJ
    Z
     *CJJW &  *CJJW *  /PMEPCQQGTC PCQGQR?LAC CVCPAGQC ?LB PCQRGLE @JMMB NPCQQSPC ? KCR? ?L?JWQGQ MD P?LBMKGXCB
    AMLRPMJJCBRPG?JQ'WNCPRCLQGMLZ
     *CJJW,"JGLGA?JQL?NQFMRRP?LQGCLRGQAFCKGA?RR?AI K)-SPQZ
     *CLRGQF)" RCP*CSPQ'$ 1GAAG?PBG+ CR?J"MKN?PGQML@CRUCCLRFCQ?PAMKCPCJCLERFZDMPACPCJ?RGMLQMDGLR?AR?LB
    QIGLLCB RP?@CASJ?C DPMK P?R PGEFR TCLRPGAJC (L¥SCLAC MD A?JAGSK AMLACLRP?RGMLQ ML RFCQC PCJ?RGMLQ "GPA 1CQ
    Z
     *P?CKCP6) %JCAI2) ,?PCQF", CR?J ASRCFMPKML?JPCQNMLQCQRM?QGLEJC@MSRMDFC?TWPCQGQR?LACCVCPAGQCGL
    RP?GLCBNMUCPJGDRCPQ?LBSLRP?GLCBKCL"?L) NNJ/FWQGMJZ
     *PGCE  2AF?PF?E )  *GLBCPK?LL 6  CR ?J "?PBG?A RGQQSC #MNNJCP GK?EGLE GL QNMPRQ KCBGAGLC 2NMPRQ ,CB
    Z
     +CE?X PPCQC &MLX?JCX "?PPCRCPM, +?A?K@P? !J?QAM( B?NR?RGMLMDJCDRTCLRPGASJ?PKMPNFMJMEWRMJMLE RCPK
    RP?GLGLEGLQNPGLR ?LBCLBSP?LAC RP?GLCBCJGRCPSLLCPQ$SP) NNJ/FWQGMJZ
     ,?A#MSE?JJ)# 3SVCL# 2?JC#& CR?J PRCPG?J@JMMBNPCQQSPCPCQNMLQCRMFC?TWPCQGQR?LACCVCPAGQC) NNJ/FWQGMJ
    Z
     ,?A+C?L #  5GAICPW +,  2GLMU?W +( $JCT?RCB GLRCPQRGRG?J ?BCLMQGLC AMLACLRP?RGMLQ BM LMR ?ARGT?RC RFC KSQAJC
    PC¥CV K)/FWQGMJ'C?PR"GPA/FWQGMJ'Z'
     ,?CB?2 .RQSIG3 (CKGRQS, CR?J$DDCARQMDJCEPCQGQR?LACRP?GLGLEML?PRCPG?JDSLARGMLGLMJBCPKCL!P)2NMPRQ
    ,CBZ
     ,A JJGQRCP1, B?NR?RGMLQGLAMLRPMJMD@JMMB¥MUUGRFRP?GLGLEQNJ?LAFLGA?LBPCL?J@JMMB¥MUQ,CB2AG2NMPRQ
    $VCPAZ
     ,GQAFJCP (  !MGPGC 8  &?AFML /  CR ?J 'SK?L ?J@SKGL QWLRFCQGQ GQ GLAPC?QCB @W ?L SJRP? CLBSP?LAC RPG?J ,CB 2AG
    2NMPRQ$VCPAZ
     ,MMPC + 3FC A?PBGMT?QASJ?P QWQRCK A?PBG?A DSLARGML (L 3GNRML ",  CB "2,Q BT?LACB $VCPAGQC /FWQGMJMEW
    /FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ 
     ,SCJJCP /)  .'?E?L */  2IMEE *  CR ?J 1CL?J FCKMBWL?KGA PCQNMLQCQ RM BWL?KGA CVCPAGQC GL P?@@GRQ ) NNJ
    /FWQGMJZ
     -?E?QFGK?) ,SQF?' 3?I?B?' CR?J+CDRTCLRPGASJ?PAF?K@CPQGXCNPCBGARQRFCP?ACRGKCMD)?N?LCQCN?PRGAGN?LRQ
    GL?IKSJRP?K?P?RFML!P)2NMPRQ,CBZBGQASQQGML
     /JMSRX 2LWBCP++ "MLTCPRGLM5 #SBJCW& 1CQGQR?LACCVCPAGQC GLBSACB¥SGBQFGDRQAF?LECGL?ARGTCKSQAJCQGXC
    ?LBNJ?QK?TMJSKC K)/FWQGMJ1Z1
     1M@CPEQ1 (ACLMEJC,5 'SBQML3+ CR?J3CKNMP?JGLFMKMECLCGRWGL@P?AFG?J?PRCPW@JMMB¥MUBSPGLEDMPC?PK
    CVCPAGQC,CB2AG2NMPRQ$VCPAZ
     2?GRM* ,?RSQFGR?,3FCAMLRPG@SRGMLMDJCDRTCLRPGASJ?PK?QQRMK?VGK?JMVWECLSNR?ICGLDCK?JCAMJJCECPMUCPQ
    (LR)2NMPRQ,CBZ
     2?UI? ,-  "MLTCPRGLM 5  $GAFLCP $1  CR ?J !JMMB TMJSKC GKNMPR?LAC ?LB ?B?NR?RGMLQ RM CVCPAGQC RP?GLGLE
    CLTGPMLKCLR?JQRPCQQCQ ?LBRP?SK?QGAILCQQ,CB2AG2NMPRQ$VCPAZ
     2C?JQ#3FC?SRMLMKGALCPTMSQQWQRCK(L3GNRML", CB "2,Q BT?LACB$VCPAGQC/FWQGMJMEW/FGJ?BCJNFG? / 
    +GNNGLAMRR6GJJG?KQ6GJIGLQ Z
     2CL?W+")P /GT?PLGI),%JSGBQFGDRQBSPGLECVCPAGQC$VCPA2NMPR2AG1CTZ
     2CTCPGLEF?SQ )6 $VCPAGQC . RP?LQNMPR KMBCJ ?QQSKGLE XCPM AWRMAFPMKC /. ?R 5. K?V ) NNJ /FWQGMJ
    Z
     3FMK?Q2- 2AFPMCBCP3 2CAFCP-' CR?J"CPC@P?J@JMMB¥MUBSPGLEQS@K?VGK?J?LBK?VGK?JBWL?KGACVCPAGQCGL
    FSK?LQ) NNJ/FWQGMJZ
     6CPLQRCBR/ 2HMQRCBR" $IK?L( CR?J B?NR?RGMLMDA?PBG?AKMPNFMJMEW?LBDSLARGMLRMCLBSP?LAC?LBQRPCLERF
    RP?GLGLE AMKN?P?RGTCQRSBWSQGLE,1GK?EGLE?LBCAFMA?PBGMEP?NFWGLK?JCQ?LBDCK?JCQ2A?LB),CB2AG2NMPRQ
    Z
     8?LE1" ,?AI&6 6MJDC11 CR?J J@SKGLQWLRFCQGQ?DRCPGLRCLQCGLRCPKGRRCLRCVCPAGQCGLFSK?LQS@HCARQ) NNJ
    /FWQGMJZ
     8MQFGB? 3  -?E?QFGK? *  -MQC '  CR ?J 1CJ?RGMLQFGN @CRUCCL ?CPM@GA NMUCP  @JMMB TMJSKC  ?LB RFCPKMPCESJ?RMPW
    PCQNMLQCQRMCVCPAGQC FC?RQRPCQQ,CB2AG2NMPRQ$VCPAZ

    
    KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC  KCPGA?L'C?PR QQMAG?RGML$VCPAGQC?LB?ASRCA?PBGMT?QASJ?PCTCLRQNJ?AGLERFCPGQIQGLRM
    NCPQNCARGTC,CB2AG2NMPRQ$VCPA Z
    "MPP?BM #  !?QQM "  2AFG?TML ,  CR ?J #MCQ QNMPRQ ?ARGTGRW CLF?LAC RFC PGQI MD QSBBCL A?PBG?A BC?RF ) "?PBGMT?QA ,CB
    '?ECPQRMUL  Z
    #MBB *)  2FGCJBQ -  QWQRCK?RGA PCTGCU MD RFC MSRAMKCQ MD A?PBGMT?QASJ?P CVCPAGQC NPMEP?KQ DMP NCMNJC UGRF #MUL QWLBPMKC
    PAF/FWQ,CB1CF?@GJ Z
    &GJJ),/FWQGA?J?ARGTGRW A?PBGMPCQNGP?RMPW¤RLCQQ?LBGLQSJGLPCQGQR?LAC?QFMPRSNB?RC"SPP.NGL+GNGBMJ Z
    '?KCP,$VCPAGQC?LBNQWAFM@GMJMEGA?JNPMACQQCQGKNJGA?RGMLQDMPRFCNPGK?PWNPCTCLRGMLMDAMPML?PWFC?PRBGQC?QC2NMPRQ,CB
     Z
    *?NCR?LMNMSJMQ  *JSECP )  ,?PML !)  CR ?J 3FC AMLECLGR?J JMLE 03 QWLBPMKC ?LB GKNJGA?RGMLQ DMP WMSLE ?RFJCRCQ ,CB 2AG
    2NMPRQ$VCPA Z
    *J?@SLBC1"?PBGMT?QASJ?P/FWQGMJMEW"MLACNRQ!?JRGKMPC ,#+GNNGLAMRR 6GJJG?KQ?LB6GJIGLQ 
    +MR?L,0S?JGRWNFWQGA?JGLRCPTCLRGML?ARGTGRWDMPNCPQMLQUGRF#MULQWLBPMKC2AGCLRG¤A6MPJB)Z
    +SA?Q21 /J?RRQ ,GJJQ3 /FWQGA?J?ARGTGRW?LBCVCPAGQCGL?QRFK?PCJCT?LACRMCRGMJMEW?LBRPC?RKCLR) JJCPEW"JGL(KKSLMJ
     Z
    ,?A*?W +WMLQ ,)  'MUJCRR ) $VCPAGQC A?N?AGRW ?LB A?PBGMT?QASJ?P ?B?NR?RGMLQ RM ?CPM@GA RP?GLGLE C?PJW ?DRCP QRPMIC 3MN 2RPMIC
    1CF?@GJ Z
    ,?SEF?L1)3FCJGKGRQMDFSK?L?RFJCRGANCPDMPK?LAC LL3P?LQNJ?LR Z
    ,GRXLCP6 3W@CPE)5 2RGAIJ?LB,* CR?J"MKKCLRQMLNMGLRAMSLRCPNMGLRQCPGCQY ARGTCTCLMAMLQRPGARGMLGQGQLMRGKNMPR?LRGL
    K?GLR?GLGLEMPP?GQGLECLB BG?QRMJGATMJSKC?LBQRMICTMJSKCBSPGLECVCPAGQC?LBMPRFMQR?QGQ^) NNJ/FWQGMJ Z
    
    /J?GQ?LAC$/ 3?WJMP)*  JF?QQ?L2 CR?J"?PBGMT?QASJ?P¤RLCQQ?LBT?QASJ?PGL¥?KK?RMPWK?PICPQ?DRCP?ASRC?CPM@GACVCPAGQC(LR
    )2NMPR-SRP$VCPA,CR?@ Z
    /PGMP!, 8?LE'3 3CPHSLE1+6F?RK?ICQTCQQCJQEPMUUGRFCVCPAGQCRP?GLGLE) NNJ/FWQGMJ Z
    1GXTG 3FMKNQML/#'WNCPRPMNFGAA?PBGMKWMN?RFWUFMNJ?WQ?LBUFMQGRQ"SPP2NMPRQ,CB1CN Z
    1MUCJJ+!!JMMBNPCQQSPCPCESJ?RGMLBSPGLECVCPAGQC LL,CB Z
    1MUCJJ +! -CSP?J AMLRPMJ MD KSQAJC @JMMB ¥MU GKNMPR?LAC BSPGLE BWL?KGA CVCPAGQC "JGL $VN /F?PK?AMJ /FWQGMJ
     Z
    2SG 7  +?,MLRC ,)  !J?GP 2- "?PBGMPCQNGP?RMPW ¤RLCQQ ?LB PGQI MD LMLD?R?J A?PBGMT?QASJ?P BGQC?QC GL UMKCL ?LB KCL UGRF
    FWNCPRCLQGML K)'WNCPRCLQ Z
    3FMKNQML/# %P?LIJGL! !?J?BW&) CR?J$VCPAGQC?LB?ASRCA?PBGMT?QASJ?PCTCLRQNJ?AGLERFCPGQIQGLRMNCPQNCARGTC?QAGCLRG¤A
    QR?RCKCLR DPMK RFC KCPGA?L 'C?PR QQMAG?RGML "MSLAGJ ML -SRPGRGML  /FWQGA?J ARGTGRW  ?LB ,CR?@MJGQK ?LB RFC "MSLAGJ ML
    "JGLGA?J"?PBGMJMEW"GPASJ?RGML Z

    .+
    QRP?LB/.)!6MJDDC,CKMPG?J+CARSPCY6FWCVCPAGQC^,CB2AG2NMPRQ$VCPA Z
    QRP?LB/. 2?JRGL!,?VGK?JMVWECLSNR?IC?LBFC?PRP?RCGLT?PGMSQRWNCQMDKSQASJ?P?ARGTGRW) NNJ/FWQGMJZ
    SQRGL63 '?PPGQ$ ,C?QSPCKCLRMDFC?PRP?RCGLCVCPAGQC0)$VN/FWQGMJ"MEL,CB2AG Z
    !JMKOTGQR"& 2?JRGL!"?PBGMT?QASJ?P?B?NR?RGMLQRMNFWQGA?JRP?GLGLE LLS1CT/FWQGMJZ
    !M?Q$/3FCFC?PRP?RCMD@MWQBSPGLE?LB?DRCPCVF?SQRGLECVCPAGQC)"JGL(LTCQR Z
    #PGLIU?RCP!+6MKCL?LBCVCPAGQCNFWQGMJMEGA?J?QNCARQ$VCPA2NMPR2AG1CTZ
    '?PRJCW+' 2?JRGL!1CBSARGMLMDQRPMICTMJSKC?LBGLAPC?QCGLFC?PRP?RC?DRCP?NPCTGMSQFC?TGCPQS@K?VGK?JUMPIJM?B2A?LB)
    "JGL+?@(LTCQR Z
    1M@GLQML2 /C?PAW, !PSCAIK?L%1 CR?J$DDCARQMD?RPMNGLCMLFC?PRP?RC?LBMVWECLGLR?ICGLUMPIGLEK?L) NNJ/FWQGMJ
     Z
    1MQC)"3FC%GAINPGLAGNJC?LBRFCA?PBG?AMSRNSR&/ Z
    2?JRGL! &PGK@W&/FWQGMJMEGA?J?L?JWQGQMDKGBBJC ?ECB?LBMJBDMPKCP?RFJCRCQ"MKN?PGQMLUGRFQRGJJ?ARGTC?RFJCRCQMDRFCQ?KC
    ?ECQ"GPASJ?RGML Z
    2FCNF?PB1)%MPCVCPAGQCRCQRGLE NJC?QC PCTGCUMDNPMACBSPCQ?T?GJ?@JCRMRFCAJGLGAG?L!SJJ/FWQGMN?RFMJ1CQNGP Z
    

    -13-ŽMQ™L?K?ELGRSBC K?QR?K@KLMRGNMBCFGNCPRPM¤?

    -13$QQCAMLACGRMCQRŠCPP?BM P?XŽMNCJ?OS?JMAMPPC?BGKGLSGŽMB?NPCQQŽM?MJMLEMB?ŠPTMPCAGPASJ?R™PG?OSC
    ? ŠPC? QCAAGML?J BC BGQRPG@SGŽM BM Q?LESC T?G ?SKCLR?LBM  MS QCH?  ? ŠPC? MASN?B? NCJ?Q ?PRCP”MJ?Q C NCJMQ A?NGJ?PCQ 
    GKCLQ?KCLRCK?GMPBMOSC?ŠPC?B??MPR?/MPR?LRM CQQCMKMRGTMB?PCBSŽMB?NPCQQŽM

    -13"MLAMPBMAMKM?SRMPOSCM?SKCLRMBM¥SVMKGMAŠPBGAMBCAMPPCLRCBM?SKCLRMLMB@GRMA?PB”?^M NMPK
    K?GQBMOSCGQQM CQQC?SKCLRMBCAMPPCLRCBM?SKCLRMBMRP?@?JFMA?PB”?​AM MOSCLCACQQGR?BCK?GMP?NMPRCQ?LES”​LCM
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      "RJFC=;L;?MNLONOL;?;@OH‹ŠI>IM=IGJIH?HN?M>IMCMN?G;L?MJCL;N•LCI
      "RJFC=;LIMG?=;HCMGIM>?P?HNCF;‹ŠI
      !CM=ONCL;>C@OMŠI>IMA;M?MHIMJOFG™?M?HIMN?=C>IM
      !?M=L?P?LIMG?=;HCMGIM>?NL;HMJILN?>?A;M?M
      "RJFC=;L;=OLP;>?>CMMI=C;‹ŠI>;IRC?GIAFI<CH;?IM@;NIL?MKO?@;T?G=IGKO??F;GO>?
      !?M=L?P?LI=IHNLIF?>;P?HNCF;‹ŠI>OL;HN?IL?JIOMI?I?R?L==CI
      &>?HNCV=;L?>?M=L?P?LIML?=?JNIL?MKO?=IHNLIF;G;P?HNCF;‹ŠI
      !CM=ONCL;M>?G;H>;MG?N;<•FC=;M>;P?HNCF;‹ŠI
      !?M=L?P?L;M;>;JN;‹™?MP?HNCF;N•LC;M;INL?CH;G?HNI>??R?L==CIM

    % MCMN?G; L?MJCL;N•LCI ? I MCMN?G; =CL=OF;N•LCI MŠI ;G<IM H?=?MM†LCIM J;L; I


    NL;HMJILN?>?IRCAHCI;IMN?=C>IM=ILJIL;CMJ;L;OMIHIG?N;<IFCMGI;?L•<CI?J;L;
    L?GIP?L I >C•​RC>I >? =;L<IHI OG JLI>ONI >I G?N;<IFCMGI ;?L•<CI >I N?=C>I ?

    ?P?HNO;FG?HN?
     >I =ILJI  , GINCPI >? M? L?MJCL;L Œ J;L; I<N?L IRCAHCI >; ;NGIM@?L; ?
    FCPL;LI=ILJI>I>C•​RC>I>?=;L<IHI ,MMCMN?G;ML?MJCL;N•LCI?=CL=OF;N•LCIM?=IG<CH;G
    J;L;L?;​FC​T;L;G<;M;M@OH‹™?M
    KO??HPIFP?GP†LCIMJLI=?MMIMM?J;L;>IM
    E4=C8;0sr>?D;<>=0A
    IOIGIPCG?HNI>?;LJ;L;>?HNLI?J;L;@IL;>IMJOFG™?M

    =B;G;>;HILG;FG?HN?>?L?MJCL;‹ŠI
    ,GIPCG?HNI>IIRCAHCI>I;LHIMJOFG™?MJ;L;IM;HAO??>I>C•​RC>I>?=;L<IHI>I
    M;HAO?J;L;I;LHIMJOFG™?M
    IO;385DBr>?D;<>=0A
    ,NL;HMJILN?>?IRCAHCI?>?>C•​RC>I>?=;L<IHIHIM;HAO?
    NLI=;>?IRCAHCI?>C•​RC>I>?=;L<IHI?HNL?IM;HAO??IMN?=C>IM=ILJIL;CM
    IO;
    CA>2060B>B020?8;0A
     L?MJCL;‹ŠI JI>? M?L >CPC>C>; ?G >O;M J;LN?M JLCH=CJ;CM   P?HNCF;‹ŠI JOFGIH;L ? ;
    >C@OMŠI JOFGIH;L MŠI =B;G;>;M >? L?MJCL;‹ŠI JOFGIH;L JILKO? ?MM?M >ICM JLI=?MMIM
    ;=IHN?=?G HIM JOFG™?M   L?MJCL;‹ŠI =?FOF;L M? L?@?L? ;I OMI >I IRCAHCI HI
    G?N;<IFCMGI;?L•<CI?‰JLI>O‹ŠI>?>C•​RC>I>?=;L<IHI +?MN?=;JNOFI
    ;L?MJCL;‹ŠIM?
    L?@?LCL†‰L?MJCL;‹ŠIJOFGIH;L L?MJCL;‹ŠI=?FOF;L
    IOIG?N;<IFCMGI
    D†@IC>CM=ONC>;HI
    ;JNOFI ,?HN?H>CG?HNI>;L?MJCL;‹ŠIJOFGIH;L
    >INL;HMJILN?>?IRCAHCI?>?>C•​
    RC>I >? =;L<IHI J?FI M;HAO? ? >;M NLI=;M A;MIM;M =;JCF;L?M Œ H?=?MM†LCI J;L;
    =IGJL??H>?L HŠI M• I @OH=CIH;G?HNI >I =ILJI BOG;HI HI L?JIOMI
     G;M N;G<ŒG I
    @OH=CIH;G?HNI=ILJIL;F>OL;HN?I?R?L==CI +?MN?=;JNOFI
    M?LŠI>CM=ONC>IM;?MNLONOL;?
    I@OH=CIH;G?HNI>IMCMN?G;L?MJCL;N•LCIHIL?JIOMI?>OL;HN?I?R?L==CI
    BCADCDA045D=sr>3>B8BC4<0A4B?8A0C{A8>

    DSLŽMBMQNSJKCQRPMA?PE?QCQCLRPCM?PCMQ?LESC/?P?GQQM LCACQQŠPGMF?TCPCQRPSRSP?QNMPKCGMB?QOS?GQM?P
    NMQQ?QCPKMTGBMN?P?BCLRPMCN?P?DMP?BMQNSJKCQ CLCACQQŠPGMF?TCPSKJMA?JMLBC?RPMA?A?NGJ?PBCE?QCQNMQQ?
    MAMPPCP"MKC?LBMLML?PGX M?PQCKMTCNPGKCGPM?RP?TQB?QL?PGL?Q N?P?BCLRPMB?A?TGB?BCL?Q?J%GESP? .?P
    CLRŽMQCBCQJMA?NCJ?D?PGLEC J?PGLECCRP?OSCG? OSCQCBGTGBCCKBMGQ@PšLOSGMQA?B?SKJCT?LBMN?P?SKNSJKŽM A?B?
    SK QC P?KG¤A?LBM TŠPG?Q TCXCQ  DMPK?LBM MQ @PMLOS”j JMQ C  ¤L?JKCLRC  MQ @PMLOS”MgMQ RCPKGL?GQ R CQQC NMLRM  LŽM
    MAMPPCSLCLFSK?RPMA?E?QMQ?.Q@PMLOS”​MJMQRCPKGL?GQAMLBSXCK?PN?P?MQ@PMLOS”​MJMQPCQNGP?R™PGMQ OSCNMPQS?TCX
    AMLBSXCK M ?P N?P? MQ 1<Fl?​<?C ?Q CQRPSRSP?Q CK DMPK? BC Q?AM PMBC?B?Q NMP A?NGJ?PCQ CK OSC MAMPPC ? RPMA? E?QMQ? 
    JESK? RPMA? E?QMQ? R?K@K ?AMLRCAC LMQ @PMLOS”​MJMQ PCQNGP?R™PGMQ QQGK  ?JESK?Q CQRPSRSP?Q BCLRPM BM QGQRCK?
    PCQNGP?R™PGM DSLAGML?K NPGLAGN?JKCLRC AMKM AMLBSRMP?Q ?RP?TQ B?Q OS?GQ M ?P QC BCQJMA?  CLOS?LRM MSRP?Q QŽM MLBC ?
    RPMA?E?QMQ??AMLRCAC

    ,>:5:M42wv@2BF64:>6?E@6M=EC2wv@5@2C
    JKBCQCPCKAMLBSRMP?QNMPMLBC?PQCBCQJMA? ?QCQRPSRSP?Q?LRCQBMQ@PMLOS”​MJMQPCQNGP?R™PGMQR?K@KSKGBG¤A?K
    ?OSCACKC¤JRP?KM?P3MBMQCQQCQRP‘QNPMACQQMQQŽMLCACQQŠPGMQN?P?NPMRCECP?QBCJGA?B?QKCK@P?L?QBMQ@PMLOS”j JMQ
    PCQNGP?R™PGMQ C BMQ ?JTM​JMQ  MLBC ? RPMA? E?QMQ? MAMPPC  SKGBG¤A?ŽM BM ?P NPCTGLC B?LMQ Q KCK@P?L?Q BCTGBM ?M
    PCQQCA?KCLRMMSBCQGBP?R?ŽM.?SKCLRMBMRCMPBCT?NMPBŠES?LM?PCQNCAG?JKCLRCGKNMPR?LRCCKAJGK?QQCAMQMS
    BC@?GV?SKGB?BC SKGBG¤A?ŽM?BCOS?B?BM?PAMLDMPKCCJCQCBCQJMA??RMQNSJKCQR?K@KKSGRMGKNMPR?LRCCK
    AJGK?QKSGRMDPGMQ QM@PCRSBMBSP?LRCMGLTCPLM HŠOSCM?PDPGMRGNGA?KCLRCKSGRMQCAM
    . ?OSCAGKCLRM BM ?P ?HSB? ? K?LRCP ? RCKNCP?RSP? AMPNMP?J BMQ NSJKCQ  @CK AMKM B?Q CQRPSRSP?Q MLBC ?AMLRCAC ?
    RPMA?E?QMQ?.?OSCAGKCLRMBM?PNPMT?TCJKCLRCK?GQGKNMPR?LRCCK?K@GCLRCQDPGMQ
    ¤JRP?ŽMBM?PMAMPPCBCTGBMNPCQCL?BMKSAMQCAPCR?BMNCJ?QAJSJ?QBMQQCGMQN?P?L?Q?GQ?RMQ@PMLOS” j JMQ4K?
    N?PRCBMKSAMCVNCJGB?NCJ?QL?PGL?Q MSRP?N?PRCCLEMJGB?CMSRP?CVNCARMP?B?.KMTGKCLRMBMKSAMN?P?OSCCJC
    NMQQ?QCPCVNCJGBM?SVGJG?BMNMPNCOSCL?QNPMHCCQBGEGRGDMPKCQ AF?K?B?QBCA”JGMQ OSCQCKMTCKAMJCRGT?KCLRCBC
    KMBMQCKCJF?LRC?SK?MLB?.KMTGKCLRMAGJG?PBCLRPMBMQ@PšLOSGMQC@PMLOS”​MJMQKMTCMKSAMN?P??A?TGB?BCMP?J
    N?P?OSCCJCNMQQ?QCPCVNCJGBM/COSCL?QN?PR”ASJ?Q?​PC?QCQRŽMNPCQCLRCQNMPOS?QCRMBMM?P NMPK?¤JRP?ŽMBM?P
    CQNCAG?JKCLRCGKNMPR?LRCCK?K@GCLRCQNMJS”​BMQ/COSCL?QN?PR”ASJ?Q?​PC?QOSCCQA?N?KBCQCPCKNPCQ?QNCJMKSAMC
    ?JA?L?KMQ?JTM​JMQQŽMCLEMJGB?QNCJMQK?AP™D?EMQSKRGNMBCAJSJ?BMQGQRCK?GKSLC .QNPMACQQMQBCSKGBG¤A?ŽM
    ?OSCAGKCLRMC¤JRP?ŽMBM?PQŽMLCACQQŠPGMQN?P?NPCTCLGPB?LMQ?MQ?JTMgMQ

    =Gx@​=@D
    RPMA?BCMVGE‘LGMCBG™​VGBMBCA?P@MLM?AMLRCACBCLRPMBMQ?JTM​JMQ&P?LBCN?PRCBMQ?JTM​JMQCQRŠJMA?JGX?B??N™QMQ
    @PMLOS”​MJMQ PCQNGP?R™PGMQ $LRPCR?LRM  MQ @PMLOS”​MJMQ PCQNGP?R™PGMQ R‘K SK? NCOSCL? OS?LRGB?BC BC EPSNMQ ?JTCMJ?PCQ
    MLBCMAMPPC?JESK?RPMA?E?QMQ??LRCQBCRCPKGL?PLMQ?JTM​JMQ$VGQRCKACPA?BCKGJFCQBC?JTM​JMQLMQNSJKCQ
    EP?LBCOS?LRGB?BCBC?JTM​JMQPCQSJR?CKSK?CLMPKC​ŠPC?QSNCP¤AG?J ?NPMVGK?B?KCLRCBMR?K?LFMBCSK?OS?BP?BC
    R‘LGQK MLBC?BGDSQŽMNSJKML?PNMBC?AMLRCACP$QQ?CLMPKC​ŠPC?BCQSNCPD”AGC?NPGLAGN?JP?XŽMNCJ?OS?JSK?
    NCQQM? NMBC RCP SK? TGB? PCJ?RGT?KCLRC LMPK?J KCQKM ?N™Q ? PCKMŽM BC SK NSJKŽM 4K? ?HSB? ?BGAGML?J  BGDSQŽM
    NSJKML?P  PC?​JG​X?B? NMP BS?Q KCK@P?L?Q ACJSJ?PCQ OSC AMKNCK ? =5=2B1>1 B5C@9B1DsB91  ? KCK@P?L? B?Q AJSJ?Q
    ?JTCMJ?PCQCB?QAJSJ?QOSCDMPK?K?N?PCBCBMQA?NGJ?PCQv?RP?TQB?KCK@P?L?PCQNGP?R™PG?OSCM?PBCTCQCKMTCP
    N?P? N?QQ?P BM Q?LESC N?P? M GLRCPGMP BMQ ?JTM​JMQ %GESP?   "?B? ?JTM​JM  ACPA?BM NMP A?NGJ?PCQ  OSC ?HSB?K ?
    ?SKCLR?P ? ​ŠPC? QSNCP¤AG?J BGQNML”TCJ N?P? ? BGDSQŽM NSJKML?P #CQQ? K?LCGP?  ? CLMPKC OS?LRGB?BC BC ?JTMgMQ C QS?
    BGQNMQGŽMPCQSJR?KCKSK?​ŠPC?QSNCP¤AG?J?KNJ?N?P??BGDSQŽMNSJKML?P

    ! 

    AC:?4:A2=7F?wv@5@D:DE6>2C6DA:C2EC:@xEC@42C5:​I:5@5642C3@?@6@I:8y?:@?@2C56?EC@5@DAF=>‚6D65@D2?8F6
    %D2=Gx@​=@DDv@6DECFEFC2DD24F=:7@C>6D46C4252DA@C42A:=2C6D@?56@4@CC62EC@4282D@D2
    %DD6:@D?2D2:D6@FEC2D6DECFEFC2D2?E6D5@D3C@?BF{​@=@DC6DA:C2EC:@D2=x>56D6CG:C6>4@>@4@?5FE@C6D2EC2GxD5@DBF2:D@2CD6
    56D=@42E2>3x>F>:5:L42>2BF646>6L=EC2>@2CA2C2AC@E686C@D2=Gx@=] D4@?EC252?@D
    5:7FDv@AF=>@?2Cx2FI:=:252A6=28C2?56​sC6256DFA6C7{4:686C252A6=2BF2?E:52566?@C>6>6?E66=6G252562=Gx@​=@D6A6=@
    C64@3C:>6?E@56DD6D2=Gx@​=@DA6=@D42A:=2C6D

    #420=8B<>B34E4=C8;0sr>

    4K?K?LCGP?NCJ?OS?JMTMJSKCNSJKML?PNMBCPG?QCP?JRCP?BM ?¤KBCKMTGKCLR?PM?PN?P?BCLRPMCN?P?DMP?BMQ
    NSJKCQ QCPG?RCLBMSKRCAGBMNSJKML?PA?N?XBCQCAMLRP?GPBCK?LCGP?QCKCJF?LRC?MRCAGBM​KSQASJ?P$LRPCR?LRM M
    RCAGBM NSJKML?P LŽM  A?N?X BC QC AMLRP?GP ?QQGK  BCTC F?TCP MSRP? K?LCGP? AMK OSC M TMJSKC NSJKML?P NMQQ? QCP
    ?JRCP?BM "?B? NSJKŽM  ACPA?BM NMP SK Q?AM NJCSP?J BC A?K?B? BSNJ? Q BS?Q KCK@P?L?Q BM Q?AM QŽM AF?K?B?Q BC
    @<5EB1C NJCSP?TGQACP?J MSNSJKML?P CQRŠ?JGLF?B?L?QSNCPD”AGCCVRCPL?BMQNSJKCQC?NJCSP?N?PGCR?JCQRŠ?JGLF?B?
    AMK ? QSNCPD”AGC GLRCPL? B? A?TGB?BC RMPŠAGA? C BM BG?DP?EK? $LRPC CQQ?Q BS?Q KCK@P?L?Q  CVGQRC SK? A?K?B? ¤L? BC
    J”OSGBM OSC ?EC AMKM JS@PG¤A?LRC CLRPC MQ NSJKCQ C ? N?PCBC RMPŠAGA? GLRCPL? C M BG?DP?EK?  AMLDMPKC M NSJKŽM
    ?SKCLR?CBGKGLSGBCTMJSKCBSP?LRC?PCQNGP?ŽM$QQC¥SGBMR?K@KPCQSJR?L?@B5CCj?9>DB1@<5EB1< MSNPCQQŽMLM
    CQN?MMSA?TGB?BCNJCSP?JCLRPC?QKCK@P?L?QTGQACP?JCN?PGCR?J CKCLMPBMOSC?NPCQQŽM?RKMQDPGA?.D?RMBC?
    NPCQQŽM BCLRPM BM CQN?M NJCSP?J NPCQQŽM GLRP?NJCSP?J  QCP KCLMP BM OSC ? BM ?P LMQ ?JTM​JMQ D?X AMK OSC MQ NSJKCQ
    ?BGP?KQSNCPD”AGCGLRCPL?B?A?TGB?BCRMPŠAGA?C?MBG?DP?EK? JKBGQQM QC?QAMQRCJ?QMSMBG?DP?EK?QCKMTCKBC
    KMBM OSC M TMJSKC B? A?TGB?BC RMPŠAGA? QC ?JRCPC  MQ NSJKCQ NCPK?LCACPŽM CK AMLR?RM AMK ? QSNCPD”AGC GLRCPL? B?
    A?TGB?BC RMPŠAGA? C BM BG?DP?EK?  PCQSJR?LBM CK KSB?L?Q LM TMJSKC NSJKML?P QQGK  ​KžQASJMQ CVRCPLMQ ?M RCAGBM
    NSJKML?PBCTCKNPMTMA?PKSB?L?LMTMJSKCB?A?TGB?BCRMPŠAGA?N?P?OSCM?PQCH?KMTGKCLR?BMN?P?BCLRPMCN?P?
    DMP? BMQ NSJKCQ $QQCQ ​KžQASJMQ C MSRPMQ D?RMPCQ PCJ?AGML?BMQ AMK M KMTGKCLRM BC ?P N?P? BCLRPM C N?P? DMP? BMQ
    NSJKCQQCPŽMBGQASRGBMQL?QNP™VGK?QQCCQ
    86DA0 B?A8=28?08B4BCADCDA0B0=0C|<820B3>B8BC4<0A4B?8A0C{A8>2><4s0<2><0B=0A8=0B4C4A<8=0<
    =>B0;Et>​;>B+?HBOG;NLI=;A;MIM;I=ILL?>;MH;LCH;M;NŒIM<LIHKO​IFIMN?LGCH;CM FAOG;NLI=;A;MIM;I=ILL?
    HIM <LIHKO​IFIM L?MJCL;N•LCIM
     JILŒG ; G;CIL J;LN? >; NLI=; A;MIM; ;=IHN?=? HIM ;FPŒI​FIM  #ILH?=C>; J?FI
    H;NIGC=;F B;LN I 
    86DA0    <4<1A0=0 A4B?8A0C{A80 t 5>A<030 ?4;0 ?0A434 20?8;0A 4 ?4;0 ?0A434 0;E4>;0A  ​†L?; MOJ?LV=C;F
    >CMJIHP?FJ;L;;NLI=;A;MIM;Œ;OG?HN;>;J?FI?HPIFPCG?HNI>?=;>;;FPŒI​FIJ?FIM=;JCF;L?M

    =E6C2w‚6D56AC6DDv@5FC2?E62G6?E:=2wv@
    .?PQCKMTCN?P?BCLRPMCN?P?DMP?BMQNSJKCQBCTGBM??JRCP?CQBCNPCQQŽMBCLRPMBMQNSJKCQ2C?NPCQQŽMBC?P
    BCLRPM BMQ NSJKCQ  MS @B5CCj? 9>DB1@E<=?>1B  DMP K?GMP BM OSC ? NPCQQŽM ?RKMQDPGA?  M ?P Q?GPŠ BMQ NSJKCQ
    CVNGP?ŽM 2C?NPCQQŽMGLRP?NSJKML?PDMPKCLMPBMOSC?NPCQQŽM?RKMQDPGA? M?PQCKMTCPŠN?P?BCLRPMBMQNSJKCQ
    GLQNGP?ŽM $LRPC?QPCQNGP?CQ ?NPCQQŽMGLRP?NSJKML?PC?NPCQQŽM?RKMQDPGA?QŽMCOSGT?JCLRCQC?QQGKLŽM?AMLRCAC
    LCLFSK KMTGKCLRM BC ?P %GESP?   #SP?LRC ? GLQNGP?ŽM  M TMJSKC B? A?TGB?BC GLRP?RMPŠAGA? ?SKCLR? "MK M
    ?SKCLRMLMTMJSKCNSJKML?P ?NPCQQŽMGLRP?NSJKML?PBGKGLSGCM?PGLT?BCMQNSJKCQ#SP?LRC?CVNGP?ŽM MTMJSKC
    B?A?TGB?BCGLRP?RMPŠAGA?BGKGLSG PCQSJR?LBMCKBGKGLSGŽMLMTMJSKCNSJKML?P$QQ?BGKGLSGŽMBMTMJSKCNSJKML?P
    PCQSJR? CK ?SKCLRM B? NPCQQŽM GLRP?NSJKML?P C M ?P QC KMTC N?P? DMP? BMQ NSJKCQ QQGK  BSP?LRC ? GLQNGP?ŽM C ?
    CVNGP?ŽM MEP?BGCLRCBCNPCQQŽMCLRPC?NPCQQŽM?RKMQDPGA?C?NPCQQŽMGLRP?NSJKML?PAPG?BMNCJ?KSB?L?BCTMJSKC
    B?A?TGB?BCGLRP?RMPŠAGA? PCQSJR?LBMLMKMTGKCLRMBC?PN?P?BCLRPMCN?P?DMP?BMQNSJKCQ-?NP™VGK?QCŽMQCPŽM
    BGQASRGBMQMQ​KžQASJMQPCQNMLQŠTCGQNCJ?QKSB?L?QLMTMJSKCGLRP?RMPŠAGAM

    ?DA:C2wv@
    4K​KžQASJMA?N?XBC?SKCLR?PMTMJSKCB?A?TGB?BCGLRP?RMPŠAGA?SK​KžQASJMGLQNGP?R™PGM.4916B17=1M​KžQASJM
    GLQNGP?R™PGM K?GQ GKNMPR?LRC "MLDMPKC CJC AMLRP?G  CJC ?AF?R? %GESP?   PCQSJR?LBM CK ?SKCLRM BM TMJSKC
    GLRP?RMPŠAGAMCNPMKMTCLBM?QKSB?L?QB?NPCQQŽMGLRP?NSJKML?POSCA?SQ?K?GLQNGP?ŽM BGAGML?JKCLRC ?AMLRP?ŽM
    BMBG?DP?EK?A?SQ?MKMTGKCLRMBMAMLRCž​BM?@BMKGL?JN?P?DMP?CN?P?@?GVM-MPCNMSQM MBG?DP?EK?BCQCKNCLF??
    K?GMP N?PRC BM RP?@?JFM B? GLQNGP?ŽM #SP?LRC M CVCPA”AGM  OS?LBM QŽM LCACQQŠPG?Q KSB?L?Q K?GMPCQ LM TMJSKC
    GLRP?RMPŠAGAM N?P? TCLRGJ?P OS?LRGB?BC K?GMP BC ?P  MQ ​KžQASJMQ GLQNGP?R™PGMQ ?ACQQ™PGMQ R?K@K AMLRP?CK %GESP?  
    $QQCQ​KžQASJMQGLAJSCKMQ​KžQASJMQGLRCPAMQR?GQCVRCPLMQ JMA?JGX?BMQCLRPC?QAMQRCJ?Q OSC OS?LBMQCAMLRP?CK CJCT?K
    ?Q AMQRCJ?Q  ?SKCLR?LBM M TMJSKC GLRP?RMPŠAGAM .SRPMQ ​KžQASJMQ GLQNGP?R™PGMQ ?ACQQ™PGMQ OSC CJCT?K ?Q AMQRCJ?Q
    ?SKCLR?LBMMTMJSKCGLRP?RMPŠAGAM GLAJSCKMQ​KžQASJMQCQA?JCLM CQRCPLMAJCGBMK?QR™G​BCMCNCGRMP?JKCLMP

    IA:C2wv@
    -M PCNMSQM  LŽM  LCACQQŠPGM LCLFSK CQDMPM ​KSQASJ?P N?P? PC?​JG​X?P ? CVNGP?ŽM . BG?DP?EK? C ? A?GV? RMPŠAGA? R‘K
    NPMNPGCB?BCQ CJŠQRGA?Q C  AMK M PCJ?V?KCLRM BM BG?DP?EK? C BC OS?JOSCP ​KžQASJM GLQNGP?R™PGM ?ACQQ™PGM  M TMJSKC
    GLRP?RMPŠAGAM BGKGLSG BCTGBM ?M PCASM N?QQGTM B?OSCJCQ ​KžQASJMQ  BGKGLSGŽM BM TMJSKC GLRP?RMPŠAGAM NPMKMTC ?Q
    KSB?L?Q L? NPCQQŽM GLRP?NSJKML?P OSC A?SQ?K ? CVNGP?ŽM $LRPCR?LRM  BSP?LRC M CVCPA”AGM MS BSP?LRC ? CVNGP?ŽM
    DMP?B? TMJSLRŠPG?  MQ ​KžQASJMQ ?ACQQ™PGMQ B? CVNGP?ŽM R?K@K AMLRP?CK $QQCQ ​KžQASJMQ GLAJSCK MQ GLRCPAMQR?GQ
    GLRCPLMQ MPCRMBM?@BMKCCMQ​KžQASJMQM@J”OSMQGLRCPLMQB?N?PCBC?@BMKGL?J OSC OS?LBMAMLRP?CK NSV?K?A?GV?
    RMPŠAGA?N?P?@?GVM%GESP?  AMLRP?ŽMBMQ​KžQASJMQB?N?PCBC?@BMKGL?JR?K@KDMP?MAMLRCž​BM?@BMKGL?JN?P?
    AGK? AMLRP?MBG?DP?EK? AMLRP?ŽMBMQ​KžQASJMQCVNGP?R™PGMQ?ACQQ™PGMQBGKGLSGMTMJSKCGLRP?RMPŠAGAM PCQSJR?LBMCK
    ?SKCLRML?CVNGP?ŽMCL?NPCQQŽMGLRP?NSJKML?P QQGK MTMJSKCBC?PKMTGKCLR?BMBSP?LRC?GLQNGP?ŽMC?CVNGP?ŽM
    NMBCQCP?SKCLR?BMBCTGBMAMLRP?ŽMBMQ​KžQASJMQ?ACQQ™PGMQ
    86DA0    8=B?8A0sr> 4 0 4G?8A0sr> Br> ?>BBwE48B 4< A0Hr> 30B <D30=s0B =0 ?A4BBr> 8=CA0?D;<>=0A
    !OL;HN? ; CHMJCL;‹ŠI
     ; JL?MMŠI CHNL;JOFGIH;L Œ G?HIL >I KO? ; JL?MMŠI ;NGIM@ŒLC=; ? >OL;HN? ; ?RJCL;‹ŠI
     ;
    JL?MMŠICHNL;JOFGIH;LŒG;CIL>IKO?;JL?MMŠI;NGIM@ŒLC=;
    86DA0  #B2D;>B 3854A4=C4B 2>=CA04< ?0A0 20DB0A 0 8=B?8A0sr> 4 0 4G?8A0sr> , >C;@L;AG; ΠI JLCH=CJ;F
    GšM=OFI>;CHMJCL;‹ŠI "HNL?N;HNI
    IM​GšM=OFIM;=?MM•LCIMN;G<ŒGJI>?G=IHNL;CLJ;L;;OG?HN;LIPIFOG?>?;L
    GIPCG?HN;>IH;CHMJCL;‹ŠI?H;?RJCL;‹ŠI !?-L?GEOG;L( 1B?*;MM;A? IHH?=NCIHH;NIGS;H>-BSMCIFIAS
    ;FNCGIL?
    *!)CJJCH=INN4CFFC;GM4CFECHM !?N;FB?;>;JN;>I>?OG;CG;A?G@ILH?=C>;J?F;H;NIGC=;F
    B;LN I 

    )6D:DEy?4:22@NFI@562C
    QQGK AMKM MAMPPC AMK M ¥SVM Q?LES”i CM  ? PCQGQR‘LAG? ?M ¥SVM C  BGDCPCL? BC NPCQQŽM CLRPC BS?Q ŠmC?Q BCLRPM BM
    QGQRCK?PCQNGP?R™PGM?DCR?KM¥SVMBC?P$QQ?QPCJ?CQQŽMCVNPCQQ?QNCJ?QCESGLRCCOS?ŽM
    %JSVMBC?P/m/1CQGQR‘LAG?
    $KOSC/m/?BGDCPCL?BCNPCQQŽMCLRPCBS?Q​ŠPC?QBCLRPMBMQGQRCK?NSJKML?PC?PCQGQR‘LAG??PCQGQR‘LAG??M
    ¥SVMBC?PCLRPCCQQ?QBS?Q®PC?Q QQGK M¥SVMBC?PNMBCQCP?SKCLR?BMNCJ??KNJG¤A?ŽMB?BGDCPCL?BCNPCQQŽMCLRPC
    ​ŠPC?QCMSNCJ?BGKGLSGŽMB?PCQGQR‘LAG??M¥SVMBC?P$KQGRS?CQBCPCNMSQM MBG‹h C oPM MS?®PC?RP?LQTCPQ?J BC
    SK?TG?PCQNGP?R™PG?MD?RMPK?GQGKNMPR?LRCOSC?DCR?M¥SVMBC?P#?KCQK?K?LCGP?OSCMAMPPCAMKM¥SVMQ?LES”
    LCM  QC M BG‹​KC​RPM B? TG? PCQNGP?R™PG? DMP PCBSXGBM NCJ? KCR?BC  ? PCQGQR‘LAG? ?SKCLR?  TCXCQ  PCJ?ŽM CLRPC ?
    PCQGQR‘LAG? C M ¥SVM BC ?P CVNJGA? NMP OSC CQR?BMQ N?RMJ™EGAMQ AMKM ? ?QK? C ? BMCL
    ≠? M@QRPSRGT? NSJKML?P BMCL ≠?
    NSJKML?P M@QRPSRGT? APšLGA? :#/."<  ?QK?  CL¤QCK? C @PMLOSGRC APšLGA?  ?SKCLR?K AMLQGBCP?TCJKCLRC ? DMP?
    PCQNGP?R™PG?OSCMQ​KžQASJMQBCTCKNPMBSXGPC ?QQGK ?QBCK?LB?QBCCLCPEG?BMQ​KžQASJMQB?PCQNGP?ŽMBCSK?NCQQM?
    ?DCR?B?NMPSKBCQQCQCQR?BMQN?RMJ™EGAMQ$QQ?PCJ?ŽMR?K@KCVNJGA?NMPOSC BSP?LRCMCVCPA”AGM OS?LBM?TCLRGJ?ŽM
    NSJKML?P ?SKCLR? ?R  TCXCQ  ? NCQQM? AMKC? ? PCQNGP?P NCJ? @MA? OSC RCK SK BG‹​KC​RPM BC AMLBSŽM K?GMP
    AMKN?P?BM AMK ? N?QQ?ECK L?Q?J  @CK AMKM NCJM L?PGX JK BGQQM  ? CQRGKSJ?ŽM BM QGQRCK? LCPTMQM QGKNŠRGAM OSC
    MAMPPCAMKMCVCPA”AGMPCQSJR?CK@PMLAMBGJ?R?ŽM BGKGLSGLBM?PCQGQR‘LAG??M¥SVMBC?PBCLRPMBMQRS@MQ@PšLOSGAMQ
    .Q CDCGRMQ L? PCQGQR‘LAG? ?M ¥SVM BC ?P BCTGBM ? CQR?BMQ N?RMJ™EGAMQ C ?M SQM B?Q RGP?Q L?Q?GQ  SK? K?LCGP? ?PRG¤AG?J BC
    BGKGLSGP?PCQGQR‘LAG??M¥SVMBC?P QŽMBGQASRGBMQLMQ!MVCQC

    -6?E:=2wv@AF=>@?2C
    F5>D9<1kj?@E<=?>1BQCPCDCPCOS?LRGB?BCBC?PKMTGKCLR?BMN?P?BCLRPMCN?P?DMP?BMQNSJKCQBSP?LRCSKNCP”M​
    BM BC RCKNM BC¤LGBM  AMKM  KGL  TCLRGJ?ŽM NSJKML?P NMP KGLSRM  B? KCQK? K?LCGP? OSC M B@GRM A?PB”?^M
    "?N”RSJM NMBCQCPA?JASJ?B?KSJRGNJGA?LBM QC?DPC​OS‘LAG?NMPKGLSRMNCJ?OS?LRGB?BCBC?PTCLRGJ?BMNMPPCQNGP?ŽM
    MSF?<E=53?BB5>D5
    5\$5"nD
    $KOSC
    5\$TMJSKCBC?PCVNGP?BMNMPKGLSRM MSTCLRGJ?ŽMNSJKML?PLMR? QCOSC5AMKSKNMLRMCKAGK?GLBGA?TMJSKC
    NMPSLGB?BCBCRCKNM RGNGA?KCLRCKGL 
    5"TMJSKCAMPPCLRC MS?OS?LRGB?BCBC?PTCLRGJ?B?CKA?B?PCQNGP?ŽM
    DR?V?BCPCQNGP?CQNMPKGLSRM
    -MPCNMSQM MQT?JMPCQR”NGAMQN?P??BSJRMQHMTCLQLŽMRPCGL?BMQAMKK?QQ?AMPNMP?JBC?NPMVGK?B?KCLRCIEQŽM5\$
     l\KGLZ5" lCD\KGLZ3?@CJ? "MKMCVCPA”AGM M5\$?SKCLR?N?P??NPMVGK?B?KCLRCl\KGLZ
    AMK?SKCLRMQAMPPCQNMLBCLRCQCK5"CD$QQCQT?JMPCQN?P??RJCR?QBC,5+<9(5*,?JR?KCLRCRPCGL?BMQBSP?LRCA?PE?QBC
    RP?@?JFMKŠVGK?QQŽMQS@QR?LAG?JKCLRCK?GMPCQ AMK5\$l\KGLZ5" lCD\KGLZ.QT?JMPCQK?GQ?JRMQ
    N?P??RJCR?QBC,5+<9(5*,QŽMNPMT?TCJKCLRCBCTGBMQR?LRM?D?RMPCQECLRGAMQOS?LRM?MRPCGL?KCLRM
    'Š QCKNPC ?JESK ?P L? A?TGB?BC L?Q?J  L? J?PGLEC  L? RP?OSCG? C LMQ @PšLOSGMQ  BC KMBM OSC LCK RMBM ?P GLQNGP?BM
    AFCE? ?MQ ?JTM​JMQ  MLBC MAMPPC ? BGDSQŽM BC E?QCQ . ?P OSC LSLA? AFCE? ?MQ ?JTM​JMQ  AF?K?BM BC 5C@1k? =?BD?
    1>1Dt=93? CLOS?LRMM?POSCAFCE??MQ?JTM​JMQAF?K?BMBCF5>D9<1kj?1<F5?<1B QQGK 5\$NMBCQCPBGTGBGBMLCQRCQ
    AMKNMLCLRCQ
    5\$5  5#
    $KOSC
    5#CQN?MKMPRM?L?RšKGAM
    5 TCLRGJ?ŽM?JTCMJ?P
    /MP A?SQ? B? CLMPKC ​ŠPC? BC QSNCPD”AGC BGQNML”TCJ N?P? ? RPMA? E?QMQ? BCLRPM BMQ NSJKCQ  LŽM  LCACQQŠPGM SRGJGX?P
    RMB?Q?QNMPCQBMNSJKŽMN?P??RPMA?E?QMQ?BSP?LRCMPCNMSQM N?PRCBC@?GVM MS?NMPŽM@?Q?JBMQNSJKCQ PCAC@C
    K?GQ TCLRGJ?ŽM BM OSC ? NMPŽM BC AGK?  MS ?NGA?J #SP?LRC M CVCPA”AGM  SK? NPMNMPŽM K?GMP BMQ NSJKCQ PCAC@C
    TCLRGJ?ŽM CGQQMCQNCAG?JKCLRCTCPB?BCGPMN?P??QNMPCQ?NGA?GQBMQNSJKCQ-?NP™VGK?QCŽM QCPŽMCVNJMP?BMQMQ
    TMJSKCQBC?PBCLRPMBMQNSJKCQ

    !&   -, 


    7-6d);9=-)=5-6<)5):-;1;<f6+1),);>1);:-;81:)<l:1);
    ,CQKM NCOSCL?Q BGKGLSGCQ L? QCAŽM RP?LQTCPQ?J B?Q TG?Q PCQNGP?R™PG?Q NSJKML?PCQ ?SKCLR?K BP?QRGA?KCLRC ?
    PCQGQR‘LAG??M¥SVMBC?P(QQM?SKCLR?MRP?@?JFMN?P?PCQNGP?PCNMBCPCQSJR?PCKBGQNLCG? MSD?JR?BC?P5ŠPG?Q
    CLDCPKGB?BCQ ?SKCLR?K ? PCQGQR‘LAG? NSJKML?P ?M ¥SVM BC ?P #MCL? NSJKML?P M@QRPSRGT? APšLGA? #/."
    ?@P?LEC TŠPG?Q BMCL​?Q BM RP?RM PCQNGP?R™PGM OSC M@QRPSCK M ¥SVM BC ?P ?QK?  CL¤QCK? C @PMLOSGRC APšLGA? 
    ?QK?  SK CQRPCGR?KCLRM PCTCPQ”TCJ B?Q TG?Q PCQNGP?R™PG?Q  AF?K?BM BC @PMLAMQN?QKM 2C M CVCPA”AGM NPMTMA? M
    @PMLAMQN?QKM ??QK?AF?K?B?BC?QK?GLBSXGB?NCJMCVCPA”AGM#SP?LRCM?R?OSCBC?QK? AMKM?PCQGQR‘LAG??M
    ¥SVMBC?PCQRŠ?SKCLR?B? PCQNGP?PQCRMPL?BGD”AGJN?P?MN?AGCLRC ?QK?LMPK?JKCLRCRP?R?B?AMKDŠPK?AMQ
    @PMLAMBGJ?R?BMPCQOSCMSPCJ?V?K?​KSQASJ?RSP?JGQ?B?QTG?QPCQNGP?R™PG?QNSJKML?PCQ PCQSJR?LBMCK?SKCLRMB?​
    ŠPC? RP?LQTCPQ?J B?Q TG?Q PCQNGP?R™PG?Q NSJKML?PCQ  MS NPCTGLCK M @PMLAMQN?QKM -? #/."  ?Q TG?Q PCQNGP?R™PG?Q
    CQRŽMQCKNPCCQRPCGR?B?Q @PMLOSGRCAPšLGA?SKPCQSJR?BMB?QSNCPNPMBSŽMAMLQR?LRCBCKSAMBCLRPMB?QTG?Q
    PCQNGP?R™PG?Q  PCQSJR?LBM CK M@QRPSŽM BCQQ?Q TG?Q . CL¤QCK? A?SQ? ? BCQRPSGŽM B?Q N?PCBCQ ?JTCMJ?PCQ  M OSC
    BGKGLSGMPCASMCJŠQRGAMBMQ?JTM​JMQCNMBCPCQSJR?PLMQCSAMJ?NQM ?SKCLR?LBM?PCQGQR‘LAG?B?QTG?QPCQNGP?R™PG?Q
    -?#/." AMK?PCQGQR‘LAG?B?QTG?QPCQNGP?R™PG?Q?SKCLR?B? PCQNGP?PQCRMPL?BGD”AGJNMGQMRP?@?JFMBMQ​KžQASJMQ
    PCQNGP?R™PGMQ  ?SKCLR?BM . CQRPCGR?KCLRM B?Q TG?Q PCQNGP?R™PG?Q R?K@K NPCLBC M ?P BCLRPM BMQ ?JTM​JMQ
    ?SKCLR?LBMQCSTMJSKCPCQGBS?J K@MQMQD?RMPCQPCQSJR?KCKK?GMPRP?@?JFMN?P?PCQNGP?PCKCLMPA?N?AGB?BC
    N?P? M CVCPA”AGM  CK N?PRC NMPOSC K?GQ MVGE‘LGM BCTC QCP SRGJGX?BM NCJMQ ​KžQASJMQ PCQNGP?R™PGMQ C  ?QQGK  CJC LŽM
    CQR?PG?BGQNML”TCJN?P?SQMNMPMSRPMQ​KžQASJMQBSP?LRCMCVCPA”AGM

    $2$&,'$'(5(81.7/(527./10$4(5
    Q A?N?AGB?BCQ C MQ TMJSKCQ NSJKML?PCQ NMBCK QCP BCRCPKGL?BMQ SRGJGX?LBM SK COSGN?KCLRM BC CQNGPMKCRPG? %GESP?
     5MA‘HŠCQRŠD?KGJG?PGX?BMAMKMTMJSKCAMPPCLRC OSCSKBMQKSGRMQTMJSKCQNSJKML?PCQ%GESP? 3MB?Q?Q
    A?N?AGB?BCQ C TMJSKCQ NSJKML?PCQ R‘K QGELG¤A?BM AJ”LGAM CK TŠPG?Q QGRS?CQ N?RMJ™EGA?Q OSG  CLRPCR?LRM  ?NCL?Q MQ
    TMJSKCQCA?N?AGB?BCQNSJKML?PCQGKNMPR?LRCQN?P?MCQRSBMBMCVCPA”AGMQCPŽMBGQASRGBMQ
    -MPCNMSQM CVGQRCSK?PCQCPT?QS@QR?LAG?JBCTMJSKCAMPPCLRC5" $QQ?PCQCPT?NCPKGRCOSCM5"?SKCLRCBSP?LRCM
    CVCPA”AGM NCJ? CVN?LQŽM BMQ TMJSKCQ BC PCQCPT? GLQNGP?R™PGM C CVNGP?R™PGM 5MJSLR?PG?KCLRC   NMQQ”TCJ ?JA?L?P M 5"
    KŠVGKM  MS ? A?N?AGB?BC TGR?J 2C LŽM FMSTCQQC PCQCPT? BC 5"  QCPG? GKNMQQ”TCJ ?SKCLR?P M 5\$ L? NPMNMPŽM OSC 
    ?BKGQQ”TCJBSP?LRCMCVCPA”AGM NMPOSC?žLGA?K?LCGP?BC?SKCLR?PM5\$QCPG??SKCLR?LBM?DPC​OS‘LAG?B?PCQNGP?ŽM.
    F?<E=5 B5C94E1<  ? OS?LRGB?BC BC ?P OSC NCPK?LCAC LMQ NSJKCQ ?N™Q ? CV?J?ŽM KŠVGK? $JC  GKNMPR?LRC NMPOSC
    QGELG¤A? OSC MQ NSJKCQ LŽM CQT?XG?K AMKNJCR?KCLRC  MS AMJ?NQ?K  ?N™Q SK? CVNGP?ŽM KŠVGK? C  NMPOSC M ?P
    NCPK?LCACBCLRPMBMQNSJKCQ GQQMNCPKGRCSK?RPMA?AML​R”​LS?BCE?QCQLMQ?JTM​JMQCLRPC?QPCQNGP?CQ

    ,4&
    
    ;<1:);6);)1;)2=,)567,-;-58-607,-)<1>1,),-;.h;1+);
    3PCGL?BMPCQC?RJCR?QCQRŽMQCKNPCNPMASP?LBMOS?JOSCPT?LR?ECKN?P??AMKNCRGŽMMSMRPCGL?KCLRM,SGRMQR‘K
    SRGJGX?BM RGP?Q L?Q?GQ AMKM SK? DMLRC BC T?LR?ECK NMRCLAG?J 3GP?Q L?Q?GQ MS BGJ?R?BMPCQ L?Q?GQ QŽM SRGJGX?BMQ
    CVRCPL?KCLRC LML?PGX$J?QR‘KOS?JGB?BCQCJŠQRGA?Q OSCQCQSNC?SKCLR?P?​ŠPC?RP?LQTCPQ?B?QA?TGB?BCQL?Q?GQ
    PCBSXGLBM?PCQGQR‘LAG??M¥SVMBC?PN?P?BCLRPMCN?P?DMP?BMQGQRCK?NSJKML?P2C?PCQGQR‘LAG??M¥SVMBC?P
    BGKGLS”​B?  GQQM NMBCPG? PCQSJR?P CK SK RP?@?JFM KCLMP N?P? MQ ​KžQASJMQ GLQNGP?R™PGMQ C CVNGP?R™PGMQ BSP?LRC M
    BCQCKNCLFMD”QGAM QM@PCRSBMBSP?LRC?RGTGB?BCQ?CP™@G?QMSBC,5+<9(5*,$LRPCR?LRM N?PCACOSCN?P?GL​BG​T”​BSMQ
    LŽM RPCGL?BMQ MS KMBCP?B?KCLRC RPCGL?BMQ  ?Q RGP?Q L?Q?GQ LŽM R‘K LCLFSK CDCGRM LMQ QCESGLRCQ N?P‹KCRPMQ
    AMLQSKM BC MVGE‘LGM ? SK? A?PE? BC RP?@?JFM CQNCA”¤A? NGAM BC AMLQSKM BC MVGE‘LGM TCLRGJ?ŽM NSJKML?P
    KŠVGK?CQS@KŠVGK?DPC​OS‘LAG?BCPCQNGP?ŽMKŠVGK?CQS@KŠVGK?TMJSKCAMPPCLRCKŠVGKMCQS@KŠVGKMA?PE?
    BCRP?@?JFMKŠVGK??JA?L?B?CCQDMPMNCPAC@GBM SK?KCBGB?NQGAMJ™EGA?BMOSŽMBGD”AGJPC?​JG​X?PSKRP?@?JFM
    CQNCA”¤AMZ Q RGP?Q L?Q?GQ R?K@K QC KMQRP?P?K GLC¤AGCLRCQ BSP?LRC ? PCASNCm?ŽM BC SK RP?@?JFM ?L?CP™@GM
    QCKKSB?L?QQGELG¤A?RGT?QL?DPCl S‘LAG?A?PB”?^? LMAMLQSKMBCMVGE‘LGMMSL?TCLRGJ?ŽMNSJKML?PBCPCASNC*
    P?ŽMKMQRP?B?Q QRGP?QL?Q?GQR?K@KQCKMQRP?P?KGLC¤AGCLRCQBSP?LRC?PCASNC m?ŽMBCSK?QCQQŽM?CP™@G?
    QCK KSB?L?Q QGELG¤A?RGT?Q CK TCLRGJ?ŽM NSJKML?P  DPC l S‘LAG? BC PCQNGP?ŽM  AMLQSKM BC MVGE‘LGM C CQDMPM
    NCPAC@GBM
    .Q PCQSJR?BMQ KCLAGML?BMQ GLBGA?K OSC ?Q RGP?Q L?Q?GQ LŽM ?NPCQCLR?K T?LR?ECK ¤QGMJ™EGA? BSP?LRC MS ?N™Q ?
    ?RGTGB?BC D”QGA? $LRPCR?LRM   NMQQ”TCJ OSC ?Q RGP?Q L?Q?GQ PCQSJRCK CK SK CDCGRM NJ?AC@M MS T?LR?ECK NQGAMJ™EGA?
    N?P? ?JESLQ ?RJCR?Q BSP?LRC ? AMKNCRGŽM MS M RPCGL?KCLRM QQGK  ?JESLQ ?RJCR?Q NPMT?TCJKCLRC AML​RG​LS?PŽM ?
    SRGJGX?PRGP?QL?Q?GQNMPOSCCJCQ?APCBGR?KOSCCJ?QNMQQ?KMDCPCACPSK?T?LR?ECKAMKNCRGRGT?

    %121>g:/5-?
     !?ICP*, !CFK#&3FCCDDCARGTCLCQQMDL?Q?JBGJ?RMPQRPGNQSLBCP?CPM@GACVCPAGQC?LBPCAMTCPWAMLBGRGMLQ)2RPCLERF
    "MLB1CQZ
     .*PMW )  .VWECL SNR?IC ?LB TCLRGJ?RMPW CDDCARQ MD ?L CVRCPL?J L?Q?J BGJ?RMP BSPGLE CPEMKCRPW ,CB 2AG 2NMPRQ $VCPA
    Z
     .*PMW) )?KCQ3 ,GJJCP), CR?J$DDCARQMD?LCVRCPL?JL?Q?JBGJ?RMPMLRFCUMPIMD@PC?RFGLEBSPGLECVCPAGQC,CB2AG
    2NMPRQ$VCPAZ
     3FMK?Q #0  +?PQML !,  1?FGH? ,1  CR ?J -?Q?J QRPGNQ BM LMR ?DDCAR A?PBGMPCQNGP?RMPW KC?QSPCQ BSPGLE PCAMTCPW DPMK
    ?L?CPM@GACVCPAGQC)2RPCLERF"MLB1CQZ
    '-.18- )-8;>1?@h<5/;?9f05;?<->-B1:@58-ed;<A89;:->1B-​>5b​B15?>18-/5;:-0-?

    G4A2w28>
    <oG8<>3>
    G4A2w28> G4A2w28> G4A2w28> 0C;4C034
    (4?>DB> G4A2w28>;4E4 <>34A03> ?4B03> <oG8<>  

    5$l\KGLZ       

    5 l\KGLZ      

    5"l\KGLZ            

    DNMPKGLSRM      
    5\$TCLRGJ?ŽMNMPKGLSRM5 TCLRGJ?ŽM?JTCMJ?P5"TMJSKCAMPPCLRCDDPC​OS‘LAG?BCPCQNGP?ŽM1CQSJR?BMQ
    ?B?NR?BMQBC#CKNQCW) ,GJJCP)# 1MKCP+,3FCPCQNGP?RMPWQWQRCK(L "2,Q BT?LACB$VCPAGQC/FWQGMJMEW
    /FGJ?BCJNFG? / +GNNGLAMRR 6GJJG?KQ6GJIGLQ

    86DA04B?8A><4CA80B4A454A4q34C4A<8=0sr>30B20?0283034B43>BE>;D<4B?D;<>=0A4B,OMI>?OG
    ?MJCL–G?NLI=IGJON;>ILCT;>IŒIGI>IG;CM=IGOG>?>?N?LGCH;L;M=;J;=C>;>?M?IMPIFOG?MJOFGIH;L?M

    4(​37a0&,$(241)70','$'('$4(52,4$_^1
    #SP?LRC M CVCPA”AGM  CK@MP? R?LRM M 5" OS?LRM ? DPC​OS‘LAG? PCQNGP?R™PG? ?SKCLRCK  NMBC QCP K?GQ D?TMPŠTCJ
    CLCPECRGA?KCLRC?SKCLR?PM5"NPGKCGP?KCLRC.SQCH? BSP?LRC?RP?LQGŽMBMPCNMSQMN?P?MCVCPA”AGM ??PCQNMQR?
    TCLRGJ?R™PG? OSC MAMPPC  SK ?SKCLRM B? NPMDSLBGB?BC B? PCQNGP?ŽM 2C CQQC ?HSQRC LŽM ?JA?L? ?NPMNPG?B?KCLRC ?Q
    LCACQQGB?BCQTCLRGJ?R™PG?Q MAMPPCPŠ?SKCLRMB?DPC​OS‘LAG?PCQNGP?R™PG?#CD?RM BSP?LRCMCVCPA”AGMJCTCMSKMBCP?BM M
    5\$  ?SKCLR?BM BCTGBM ?M ?SKCLRM R?LRM BM 5" OS?LRM B? DPC​OS‘LAG? B? PCQNGP?ŽM $LRPCR?LRM  CK GLRCLQGB?BCQ BC
    CVCPA”AGMK?GMPCQ M5"RCLBC??JA?L?PSKNJ?Rš C?žLGA?K?LCGP?BC?SKCLR?P?TCLRGJ?ŽMNSJKML?P?SKCLR?LBM?
    DPC​OS‘LAG? PCQNGP?R™PG? . ?SKCLRM BM 5" BSP?LRC M CVCPA”AGM  ?JA?L?BM NCJMQ L”TCGQ K?GMPCQ BC ?RGT?ŽM R?LRM BM
    BG?DP?EK?OS?LRMBMQ​KžQASJMQ?ACQQ™PGMQCVNGP?R™PGMQCGLQNGP?R™PGMQ BGAGML?JKCLRC M5"?SKCLR?BM CLŽM?NCL?QM
    ?SKCLRM B? DPC​OS‘LAG? PCQNGP?R™PG?  QGELG¤A? OSC M ?SKCLRM BC TCLRGJ?ŽM BM CQN?M KMPRM ?L?RšKGAM  KGLGKGX?BM
    CLOS?LRM?TCLRGJ?ŽM?JTCMJ?P?SKCLR?B?.?SKCLRMB?TCLRGJ?ŽM?JTCMJ?PLCACQQŠPGMN?P??SKCLR?P?RPMA?E?QMQ?
    86DA0  %B E>;D<4B 4 0B 20?0283034B ?D;<>=0A4B Br> 8<?>AC0=C4B <43830B 30 5D=sr> 3> B8BC4<0
    A4B?8A0C{A8> ,M P†LCIM PIFOG?M ? =;J;=C>;>?M JOFGIH;L?M M? L?F;=CIH;G OG =IG I IONLI  -IL ?R?GJFI
     M? I
    PIFOG? =ILL?HN? ;OG?HN;
     ; =;J;=C>;>? L?MC>O;F @OH=CIH;F >CGCHOC  , .'$-%  *+*. "&+("*,J*"' ΠI G;CIL
    PIFOG?>?;LKO?JI>?M?LCHMJCL;>I;IVH;F>?OG;CHMJCL;‹ŠIHILG;FHIL?JIOMI (""&+("*,J*"ŒI
    G;CIL PIFOG? >? ;L KO? JI>? M?L CHMJCL;>I ;J•M OG; ?RJCL;‹ŠI HILG;F HI L?JIOMI  &  3/&  3   , .'$-%
    '**&, Œ I PIFOG? >? ;L CHMJCL;>I IO ?RJCL;>I >OL;HN? ; L?MJCL;‹ŠI HILG;F HI L?JIOMI  , .'$-%  *+*.
    /("*,J*"' Œ I G;CIL PIFOG? >? ;L KO? JI>? M?L ?RJCL;>I ;J•M OG; ?RJCL;‹ŠI HILG;F HI L?JIOMI  , .'$-%
    *+"-$ŒIPIFOG?>?;LKO?J?LG;H?=?HIMJOFG™?MG?MGI;J•MOG;?RJCL;‹ŠIG†RCG; (".",$ŒI
    G;CIL PIFOG? >? ;L KO? JI>? M?L ?RJCL;>I ;J•M OG; CHMJCL;‹ŠI G†RCG;  3  3/&  3   3/"   ("
    *+"-$-&"'&$ŒIPIFOG?>?;LKO?J?LG;H?=?HIMJOFG™?M;J•MOG;?RJCL;‹ŠIHILG;FHIL?JIOMI /#
    3/" 3/ =;J;=C>;>?JOFGIH;LNIN;FŒIPIFOG?>?;LKO?JI>?M?L=IHNC>IJ?FIMJOFG™?M -1 3 3/IO
    &  /#IO3/& 3  3/" 3/ !? IB?H'
    1;SFIL'' *?GGF?LMNB?%OG;HI>SCH%?;FNB;H>!CM?;M?
    NB?> ;FNCGIL?
    *!)CJJCH=INN4CFFC;GM4CFECHM 

    ! 

    %D ​>ƒD4F=@D 6IA:C2EC:@D 6 :?DA:C2EC:@D Dv@ ?646DDsC:@D A2C2 5:>:?F:C 6 2F>6?E2C @ G@=F>6 AF=>@?2C A2C2 BF6 2 6IA:C2wv@ 6 2
    :?DA:C2wv@A@DD2>24@?E646C
    %2CD6>@G6A2C256?EC@6A2C27@C25@DAF=>‚6D56G:5@25:76C6?w2D56AC6DDv@6?EC6@2C56?EC@5@DAF=>‚6D6@2C2E>@D7xC:4@
    %5:27C28>2x@​>ƒD4F=@>2:D:>A@CE2?E6A2C22:?DA:C2wv@626IA:C2wv@
    %MFI@562C6?EC6 ëC62D52DG:2DC6DA:C2EC:2D56A6?56525:76C6?w256AC6DDv@6?EC62D ëC62D652C6D:DEy?4:22@MFI@6?EC6
    6=2D
    G6?E:=2wv@AF=>@?2CA@56D6C2=E6C25256G:5@2>F52?w2DE2?E@?@G@=F>64@CC6?E6BF2?E@?27C6​BFy?4:2C6DA:C2EC:2

    85DBr>=>B?D;<~4B

    BGDSQŽMBCE?QCQLMQNSJKCQMSBSP?LRC?RPMA?E?QMQ?A?NGJ?P?SVGJG?B?NCJ?CLMPKC​ŠPC?BCQSNCPD”AGCBMQ?JTM​JMQC
    NCJ? KCK@P?L? PCQNGP?R™PG? QCP B? CQNCQQSP? BC ?NCL?Q BS?Q KCK@P?L?Q ACJSJ?PCQ ,CQKM AMK CQQ?Q D?AGJGB?BCQ  RPMA?
    E?QMQ?A?NGJ?P BCTCF?TCPSK?DMP?BGPGEGLBMMMVGE‘LGMBM?PBCLRPMBMQ?JTM​JMQN?P?MQ?LESCCMBG™​VGBMBCA?P@MLM
    BMQ?LESCN?P?M?P?JTCMJ?P DMP?KMRPGXDMPLCAGB?NCJ?BGDCPCL?L?QNPCQQCQBCMVGE‘LGMCBG™​VGBMBCA?P@MLMCLRPC
    M?PLMQ?JTM​JMQCLMQ?LESC KCK@P?L?PCQNGP?R™PG?NCPKCŠ​TCJR?LRM?MMVGE‘LGMOS?LRM?MBG™​VGBMBCA?P@MLM BC
    KMBMOSCCQQCQBMGQE?QCQQCBGDSLBGPŽM?RP?TQB?KCK@P?L?B?​ŠPC?BC?JR?NPCQQŽMN?P?SK?​ŠPC?BC@?GV?NPCQQŽM/?P?
    BCRCPKGL?P ? NPCQQŽM KMRPGX BM MVGE‘LGM C BM BG™​VGBM BC A?P@MLM CLRPC M ?P BCLRPM BMQ ?JTM​JMQ C M Q?LESC  BCTC QCP
    A?JASJ?B? ? @B5CCj? @1B391<  MS ? NMPŽM B? NPCQQŽM ?RPG@S”​B? ? SK EŠQ N?P​RGASJ?P CK SK? KGQRSP? BC E?QCQ R?LRM LM
    Q?LESCOS?LRMLMQ?JTM​JMQ <59451<D?>BGXOSC?NPCQQŽMRMR?JBCSK?KGQRSP?BCE?QCQCOSGT?JCLRCQMK?B?Q
    NPCQQCQBCRMBMQMQE?QCQOSCAMKNCK?KGQRSP? QQGK ?NPCQQŽMN?PAG?JBCSKEŠQBCLRPMBCSK?KGQRSP?E?QMQ?NMBC
    QCPA?JASJ?B?KSJRGNJGA?LBM QC?NPCQQŽMRMR?JB?KGQRSP?E?QMQ?NCJ?NMPACLR?ECKBCSKEŠQN?P​RGASJ?PBCLRPMB?KGQRSP?
    /MP CVCKNJM  LM K?P  ? NPCQQŽM @?PMKRPGA? N?BPŽM  MS ? NPCQQŽM RMR?J BC SK? KGQRSP? E?QMQ?   BC  KK'E  C
    LGRPME‘LGM MVGE‘LGMCBG™​VGBMBCA?P@MLMAMKNCKACPR?QNMPACLR?ECLQB??RKMQDCP? QQGK ?NPCQQŽMN?PAG?JBCLRPMB?
    ?RKMQDCP?N?P?A?B?SKBCQQCQE?QCQNMBCQCPA?JASJ?B?B?QCESGLRCK?LCGP?
    -GRPME‘LGMKK'En  KK'E
    .VGE‘LGMKK'En  KK'E
    #G™​VGBMBCA?P@MLMKK'En  KK'E
    JCGBC#?JRMLR?K@KBGXOSCA?B?EŠQCKSK?KGQRSP?NMBCQCKMTCPBC?AMPBMAMKMNP™NPGMEP?BGCLRCBCNPCQQŽM
    CK TCX BC RMBMQ MQ E?QCQ QC KMTCPCK CK SL”QQMLM NCJM OSC  AMLFCAGBM AMKM Y¥SVM K?AGM^ #? KCQK? K?LCGP?  
    NMQQ”TCJ OSC M MVGE‘LGM C M BG™​VGBM BC A?P@MLM QC KMT?K CK BGDCPCLRCQ BGPCCQ ?RP?TQ B? KCQK? KCK@P?L?
    KCK@P?L?PCQNGP?R™PG?NCPKCŠ​TCJR?LRM?MMVGE‘LGMOS?LRM?MBG™​VGBMBCA?P@MLM ?QQGK ?BGDSQŽM?RP?TQB?KCK@P?L?
    ?AMLRCACPŠ BC ?AMPBM AMK ? JCG BC %GAI $QQ? JCG BGX OSC M TMJSKC E?QMQM OSC QC BGDSLBGPŠ  NPMNMPAGML?J  ​ŠPC? BC
    QSNCPD”AGCBGQNML”TCJN?P??BGDSQŽM ?MAMC¤AGCLRCBCBGDSQŽME?QMQ?OSC?D?AGJGB?BCAMKOSCSKEŠQQCBGDSLBC C
    BGDCPCL? BC NPCQQŽM N?PAG?J BC SK EŠQ CK J?BMQ MNMQRMQ B? KCK@P?L? C  GLTCPQ?KCLRC NPMNMPAGML?J  CQNCQQSP? B?
    KCK@P?L?

    $KOSC
    ​ŠPC?QSNCP¤AG?J
    3CQNCQQSP?B?KCK@P?L?
    #AMC¤AGCLRCBCBGDSQŽME?QMQ?
    /m/BGDCPCL?BCNPCQQŽMN?PAG?JLMQJ?BMQMNMQRMQB?KCK@P?L?
    KCK@P?L?PCQNGP?R™PG?¤L?C?CLMPKC ®PC?BCQSNCPD”AGC NPMTMA?B?NCJ?EP?LBCOS?LRGB?BCBC?JTM gMQ RMPL?KM
    NSJKŽMSKJSE?P​GBC?JN?P??RPMA?E?QMQ? CQNCQQSP?B?KCK@P?L?PCQNGP?R™PG?CMQAMC¤AGCLRCQBCBGDSQŽMBMBG™s GBM
    BCA?P@MLMCBMMVGE‘LGMLMPK?JKCLRCLŽMKSB?K QQGK ?žLGA?K?LCGP?BC?SKCLR?P?RPMA?E?QMQ?CKACPA?BC
    TCXCQ ?AGK? BMQ T?JMPCQ LMPK?GQ BSP?LRC CVCPA”AGMQ GLRCLQMQ  ?SKCLR?P ? ​ŠPC? QSNCP¤AG?J BGQNML”TCJ N?P? ? RPMA? MS
    ?SKCLR?P ?Q BGDCPCL?Q BC NPCQQCQ N?PAG?GQ $K@MP? ?Q ​ŠPC?Q QSNCP¤AG?GQ BMQ ?JTM gMQ NMQQ?K ?SKCLR?P BSP?LRC M
    CVCPA”AGM NMP A?SQ? BM SQM BC SK? NMPŽM K?GMP BM NSJKŽM LM PCAC@GKCLRM BC TCLRGJ?ŽM TCP QCŽM Y5CLRGJ?ŽM
    NSJKML?P^  L? KCK@P?L? PCQNGP?R™PG?  ? OS?LRGB?BC BC MVGE‘LGM C BC BG™​VGBM BC A?P@MLM OSC QC BGDSLBCK ?RP?TQ B?
    KCK@P?L?OS?QCRMR?JKCLRCBCNCLBCLRCB?QBGDCPCL?QBCNPCQQŽMN?PAG?JCLRPCMQJ?BMQMNMQRMQB?KCK@P?L?
    OS?LRGB?BCBCMVGE‘LGMCBCBG™​VGBMBCA?P@MLMBGQQMJTGB?LMQ?LESCBCQAPGR?NCJ?<59455>BI$QQ?JCGCQR?@CJCAC
    OSC?OS?LRGB?BCE?QMQ?BGQQMJTGB?CKOS?JOSCP¥SGBMBCNCLBCB?RCKNCP?RSP? B?NPCQQŽMN?PAG?JBMEŠQCB?QMJS@GJGB?BC
    E?QMQ? RCKNCP?RSP?BMQ?LESCPCJ?RGT?KCLRCAMLQR?LRCCK@MP?CJ??SKCLRCJCTCKCLRCAMKMCVCPA”AGM B?KCQK?
    K?LCGP?OSC?QMJS@GJGB?BCBCMVGE‘LGMCBCBG™​VGBMBCA?P@MLMBCLRPMBMQ?LESC QQGK AMKM?AMLRCACAMK?BGDSQŽM
    BCQQCQE?QCQ?RP?TQB?KCK@P?L?PCQNGP?R™PG? ?OS?LRGB?BCBCQQCQE?QCQBGQQMJTGB?LMQ?LESCBGPCR?KCLRCNPMNMPAGML?J
    QQS?QNPCQQCQN?PAG?GQ0S?LRMK?GMP?NPCQQŽMN?PAG?JBCSKEŠQ K?GMP?OS?LRGB?BCBMEŠQOSCCQR?PŠBGQQMJTGBMLM
    Q?LESC-?QNP™VGK?QQCCQ ?BGDSQŽMBCMVGE‘LGMCBCBG™​VGBMBCA?P@MLM?RP?TQB?QKCK@P?L?QACJSJ?PCQCPCQNGP?R™PG?
    QCPŠCV?KGL?B?CKK?GQBCR?JFCQ

    :7FDv@56@I:8y?:@
     BGDSQŽM BC MVGE‘LGM N?P? M Q?LESC BCNCLBC BC ? NPCQQŽM N?PAG?J BM MVGE‘LGM /.  QCP K?GMP LMQ ?JTM​JMQ BM OSC LM
    Q?LESC /.?ML”TCJBMK?PBC KK'E$LRPCR?LRM BCLRPMBMQ?JTM​JMQ CJ?BGKGLSGN?P?KK'E%GESP?
      $QQ? BGKGLSGŽM ?AMLRCAC NMP A?SQ? B? KGQRSP? BM ?P ?RKMQDPGAM AMK ?JR? /. AMK M ?P OSC PCQRMS BCLRPM BMQ
    NSJKCQ?N™Q?CVNGP?ŽM OSCRCKSK?NMPACLR?ECKBCMVGE‘LGMKCLMP ?NPMVGK?B?KCLRC AMKN?P?B??MQ 
    BM?P?RKMQDPGAM NMPOSCMMVGE‘LGMCQRŠQCBGDSLBGLBMBM?PBCLRPMBMQ?JTM​JMQN?P?MQ?LESC
    BGAGML?JKCLRC AMKMTGQRM?LRCPGMPKCLRC SK?DSLŽMBMQGQRCK?NSJKML?PSKGBG¤A?PM?POSCCLRP?LMQNSJKCQ
    "MLDMPKC?SKGB?BCBM?P?SKCLR? ?QNMPACLR?ECLQBCT?NMPBŠES? OSCSKEŠQ CQS?NPCQQŽMN?PAG?J?SKCLR?K#C
    ?AMPBMAMK?JCGBC#?JRML ?NPCQQŽMRMR?JBCSK?KGQRSP?E?QMQ?COSGT?JCLRCQMK?B?QNPCQQCQBCRMBMQMQE?QCQOSC
    AMKNCKCQQ?KGQRSP? QQGK AMLDMPKC?NPCQQŽMN?PAG?JBMT?NMPBŠES??SKCLR? ?NPCQQŽMN?PAG?JBCRMBMQMQMSRPMQ
    E?QCQBCTCBGKGLSGP$QQCQD?RMPCQPCQSJR?KL?/.BCLRPMBMQ?JTM​JMQA?GLBMN?P?ACPA?BCKK'E
     /. BCLRPM BM Q?LESC NPMTCLGCLRC BM AMP?ŽM OSC CLRP? LMQ NSJKCQ  BC  KK'E (QQM PCQSJR? CK SK? DMP?
    KMRPGXN?P??BGDSQŽMBCKK'ECLRPCM?PBCLRPMBMQ?JTM​JMQCMQ?LESC?PRCPG?JOSCCLRP?LMQNSJKCQ"MLDMPKCM
    Q?LESC¥SG?RP?TQBMQA?NGJ?PCQNSJKML?PCQ CJCQCCOSGJG@P?P?NGB?KCLRCAMK?/.BCLRPMBMQ?JTM​JMQCMVGECL?BM
    (QQM BCTCPG? PCQSJR?P CK /. BC  KK'E BCLRPM BM Q?LESC TCLMQM OSC BCGV? MQ NSJKCQ $LRPCR?LRM  ?JESK Q?LESC
    AGPASJ?LBM ?RP?TQ BMQ NSJKCQ N?QQ? NCJMQ ?JTM​JMQ OSC QŽM NM@PCKCLRC TCLRGJ?BMQ LM PCNMSQM  ?Q NMPCQ @?Q?GQ BMQ
    NSJKCQPCAC@CKK?GQTCLRGJ?ŽMBMOSC?QNMPCQ?NGA?GQ CMQ?LESCOSCDMPLCAC?MQNSJKCQCQAGPASJ?CQA?PB”?​A?Q
    M MVGE‘LGM C MQ LSRPGCLRCQ LCACQQŠPGMQ  ?BGAGML?BM ?M Q?LESC OSC BCGV? MQ NSJKCQ BCLRPM B? TCG? NSJKML?P #CQQ?
    K?LCGP?  CQQC Q?LESC ?BGAGML?BM RCK /. @?GV? AMKN?P?B? ?M Q?LESC BCLRPM B? TCG? NSJKML?P OSC ?A?@MS BC QCP
    MVGECL?BM$QQCQD?RMPCQPCQSJR?KLMQ?LESCOSCBCGV?MQNSJKCQRCP?/.BCKK'E OSCJCTCKCLRCKCLMPBM
    OSC?/.BCLRPMBM?JTM​JM
    .Q?LESCBCLRPMB?QTCG?QNSJKML?PCQPCRMPL?N?P?MAMP?ŽMC@MK@C?BMNCJMTCL​RP”ASJMCQOSCPBMN?P??AGPASJ?ŽM
    QGQR‘KGA?  /. BCLRPM BM RCAGBM  BC  KK'E  PCQSJR?LBM CK SK? DMP? KMRPGX N?P? OSC M MVGE‘LGM QC BGDSLB? BM
    Q?LESCN?P?MRCAGBM.Q?LESCP?NGB?KCLRCQCCOSGJG@P?AMK?/.BCKK'EBCLRPMBMRCAGBM MSBCQMVGECL?BM.
    Q?LESCBCQMVGECL?BMPCRMPL?N?P?MJ?BMBGPCGRMBMAMP?ŽMC@MK@C?BM?RP?TQB??PRPG?NSJKML?PBCTMJR?N?P?MQ
    NSJKCQ CMAGAJMBCMVGECL?ŽMCBCBCQMVGECL?ŽMBMQ?LESCQCPCNCRC

    86DA0   CA>20 60B>B0 20?8;0A =>B ?D;<~4B 4 C4283>B >2>AA4 ?>A 20DB0 30B 3854A4=s0B =0B ?A4BB~4B
    ?0A2808B34>G86u=8>43438{​G83>3420A1>=>,>C•​RC>I>?=;L<IHIŒG;CMJ?LG?†​P?F‰MG?G<L;H;M?GKO?;M
    NLI=;MA;MIM;M;=IHN?=?G
    ;MMCG
    ;>C@?L?H‹;H;MJL?MM™?MJ;L=C;CM>?>C•​RC>I>?=;L<IHI?HNL?IMF;>IMIJIMNIM
    >?OG;G?G<L;H;JI>?GM?LG?HIL?M>IKO?;M>C@?L?H‹;M>?JL?MMŠIJ;L=C;F>?IRCAHCI

    :7FDv@565:​I:5@5642C3@?@
    QQGK AMKM ?AMLRCAC AMK ? BGDSQŽM BC MVGE‘LGM  ? BGDSQŽM BC BG™​VGBM BC A?P@MLM LMQ NSJKCQ C RCAGBMQ BCNCLBC B?Q
    BGDCPCL?QBCNPCQQŽMN?PAG?JBCBG™​VGBMBCA?P@MLM/".  /".LM?P?RKMQDPGAMBC KK'ECLM?PBCLRPMBMQ
    ?JTM​JMQBCKK'E%GESP?  BGDCPCL?BC/".CLRPCM?P?RKMQDPGAMCM?PBCLRPMBMQ?JTM​JMQQCBCTC?MQ
    KCQKMQD?RMPCQOSCPCQSJR?KL?BGDCPCL?BC/.BM?P?RKMQDPGAMN?P?M?PBCLRPMBMQ?JTM​JMQ-CQQCA?QM CLRPCR?LRM
    M?PBCLRPMBMQ?JTM​JMQRCK?JR?AMLACLRP?ŽMBC". PCQSJR?LBMCK?SKCLRMB?/"."MLDMPKCMQ?LESCPCRMPL?BMQ
    RCAGBMQAMPNMP?GQCCLRP?LMQNSJKCQ CJCRCK/".BCKK'ECCLRŽMQCCOSGJG@P?P?NGB?KCLRCAMK?/".BCLRPM
    BMQ?JTM​JMQ/".BCKK'E ?LRCQBCPCRMPL?PN?P?MJ?BMCQOSCPBMBMAMP?ŽMCQCP@MK@C?BMN?P??AGPASJ?ŽM
    QGQR‘KGA? . RCAGBM RCK /". BC  KK'E C M Q?LESC QC COSGJG@P? P?NGB?KCLRC AMK CQQ? /".  PCRMPL? N?P? M J?BM
    BGPCGRMBMAMP?ŽMC@MK@C?BMN?P?MQNSJKCQ QQGK MNPMACQQMBCRP?LQNMPRCBCBG™​VGBMBCA?P@MLMN?P?MQNSJKCQ
    N?P??CVNGP?ŽMQCPCNCRC BGDCPCL?BC/".CKOS?JOSCPJ?BMB?QKCK@P?L?QACJSJ?PCQCPCQNGP?R™PG?COSCPCQSJRCL?
    BGDSQŽM BC BG™​VGBM BC A?P@MLM ?RP?TQ B? KCK@P?L? NMBC QCP QS@QR?LAG?JKCLRC KCLMP BM OSC ? BM MVGE‘LGM NMPOSC ?Q
    KCK@P?L?Q QŽM KSGRM K?GQ NCPKCŠ​TCGQ ?M BG™​VGBM BC A?P@MLM BM OSC ?M MVGE‘LGM /MP CVCKNJM  L? KCK@P?L?
    PCQNGP?R™PG? CVGQRCSK?DMP?KMRPGXBC?NCL?QKK'EN?P?BGDSQŽMBCBG™​VGBMBCA?P@MLM K?QSK?DMP?KMRPGXBC
    KK'EN?P?MMVGE‘LGMQCBGDSLBGP?RP?TQB?KCK@P?L?

    =FI@D2?8F{​?6@?@AF=>v@
    . ¥SVM Q?LES”i CM NSJKML?P BCRCPKGL? ? TCJMAGB?BC AMK ? OS?J M Q?LESC N?QQ? ?RP?TQ BMQ A?NGJ?PCQ NSJKML?PCQ C
    AMLDMPKC M ¥SVM BC Q?LESC ?SKCLR? C K?GQ Q?LESC ¥SG ?RP?TQ BMQ NSJKCQ  AMKM BSP?LRC M CVCPA”AGM  K?GQ BGDSQŽM
    E?QMQ?RMR?JNMBC?AMLRCACP$KSK?BSJRM MB@GRMA?PB”?​AMLMPCNMSQMCK?K@MQMQTCL​RP”ASJMQBGPCGRMCCQOSCPBMBC
    ?NPMVGK?B?KCLRC  l\KGLZ $K@MP? M ¥SVM BC Q?LESC ?RP?TQ B?Q AGPASJ?CQ NSJKML?P C NCPGDPGA? BCT?K QCP
    COSGT?JCLRCQ TCP "?N”RSJM   SK? BGDCPCL? CLRPC CQQ?Q  PCBCQ AGPASJ?R™PG?Q  OSC ? NPCQQŽM Q?LES”​LC? BCLRPM B?
    AGPASJ?ŽMNSJKML?PKK'EBCNPCQQŽMQGQR™JGA?BG?QR™JGA? KSGRM@?GV?AMKN?P?B?AMK?AGPASJ?ŽMQGQR‘KGA? Q
    @?GV?QNPCQQCQL?AGPASJ?ŽMNSJKML?PQCBCTCK@?GV?PCQGQR‘LAG?​T?QASJ?PBCLRPMB?AGPASJ?ŽMNSJKML?P CGQQM?HSB??
    NPMRCECP?KCK@P?L?PCQNGP?R™PG?¤L?BCB?LMQA?SQ?BMQNMPSK?NPCQQŽMQ?LES” i C??JR?
    +CT?ACPA?BC QCESLBMN?P?OSCMAMPP?MCOSGJ”@PGMBCMVGE‘LGMCLRPCM?PBCLRPMBMQ?JTM​JMQCMQ?LESCA?NGJ?P
    NSJKML?P"MLDMPKCMB@GRMA?PB”?​AM?SKCLR?BSP?LRCMCVCPA”AGM MRCKNMBCRP‹LQGRMBMQ?LESC?RP?TQBMQA?NGJ?PCQ
    OSCPMBCG?KMQ?JTM​JMQNMBCPG?QC?NPMVGK?PBCQQCL”TCJ PCQSJR?LBMCKBGKGLSGŽMB?BGDSQŽMBCMVGE‘LGMN?P?MQ?LESC
    $LRPCR?LRM KSGRMQD?RMPCQ?HSB?K?K?LRCP?QAMLBGCQNP™VGK?Q?M™RGKMN?P??BGDSQŽMBCMVGE‘LGM?MQ?LESC"MKM
    ? BGDSQŽM LMQ NSJKCQ SRGJGX? SK? NMPŽM K?GMP BC ?JTM​JMQ NSJKML?PCQ TCP ? QCŽM Y5CLRGJ?ŽM NSJKML?P^
    ?LRCPGMPKCLRC BSP?LRCMCVCPA”AGMOS?LBMAMKN?P?BMAMKMPCNMSQM SK?​ŠPC?QSNCP¤AG?JK?GMP¤A?BGQNML”TCJN?P??
    RPMA?E?QMQ? KCK@P?L?PCQNGP?R™PG?¤L? PCQSJR?LBMCKBGQR‹LAG?BCBGDSQŽMASPR? NPCQCPT?B?BSP?LRCMCVCPA”AGM
    /.BCLRPMBMQ?JTM​JMQ?SKCLR?NMPA?SQ?B?TCLRGJ?ŽMNSJKML?PCJCT?B? PCQSJR?LBMCKBGDCPCL?K?GMPCLRPC?/.LM
    ?PBCLRPMBM?JTM​JMC??/.BMQ?LESC.TMJSKCBCQ?LESCLMQA?NGJ?PCQNSJKML?PCQ?SKCLR?AMLDMPKCMQA?NGJ?PCQQC
    CVN?LBCKCK?GQA?NGJ?PCQQŽMPCAPSR?BMQ CQNCAG?JKCLRCL?PCEGŽMBMŠNGACBMQNSJKCQ BCTGBM?M?SKCLRMBMB@GRM
    A?PB”?​AMAMLDMPKC?GLRCLQGB?BCBMCVCPA”AGM?SKCLR?.TMJSKCQ?LES”​LCMA?NGJ?P?SKCLR?BMPCQSJR?CKBGKGLSGŽMBM
    RCKNM BC RP‹LQGRM Q?LES”​LCM ?RP?TQ BMQ A?NGJ?PCQ OSC PMBCG?K MQ ?JTM​JMQ  NCPKGRGLBM K?GQ RCKNM N?P? M COSGJ”@PGM
    E?QMQM @CKAMKM?K?LSRCLŽMB?@?GV?NPCQQŽMQ?LES”​LC?BCLRPMB?AGPASJ?ŽMNSJKML?P
    .Q D?RMPCQ KCLAGML?BMQ K?LR‘K ? RPMA? E?QMQ? KŠVGK? MS NP™VGK? ?M KŠVGKM CK GL​BG​T”​BSMQ LŽM RPCGL?BMQ MS
    KMBCP?B?KCLRCRPCGL?BMQ/MPCVCKNJM QCMB@GRMA?PB”?​AMKŠVGKMBCl\KGLZ MRCKNMBCRP‹LQGRMKBGM?RP?TQ
    BMQ A?NGJ?PCQ NSJKML?PCQ ¥SVM BC Q?LESC  TMJSKC A?NGJ?P NSJKML?P BGTGBGBM NCJM B@GRM A?PB”?^M   BC   ?  
    QCESLBM  M OSC NCPKGRC COSGJ”@PGM E?QMQM QS¤AGCLRC $LRPCR?LRM  M RPCGL?KCLRM ?CP™@GM LŽM PCQSJR? CK ?SKCLRM BMQ
    A?NGJ?PCQ NSJKML?PCQ C  BCQQ? K?LCGP?  M RPCGL?KCLRM LŽM ?SKCLR? M TMJSKC Q?LES”​LCM A?NGJ?P NSJKML?P (QQM QGELG¤A?
    OSCGL​BG​T”​BSMQ?JR?KCLRCRPCGL?BMQ?CPM@G?KCLRC N?P?MQOS?GQQŽMNMQQ”TCGQB@GRMQA?PB”?​AMQBCl\KGLZMSK?GMPCQ M
    RCKNMBCRP‹LQGRM?RP?TQBMQA?NGJ?PCQNSJKML?PCQNMBCQCRMPL?PKCLMPBMOSCMLCACQQŠPGMN?P??RPMA?E?QMQ?™RGK?
    (QQM NMQQGTCJKCLRCHSLRMAMKMSRPMQD?RMPCQ AMKMLCLFSK?PCQNMQR?BCFGNCPTCLRGJ?ŽM?MCVCPA”AGMGLRCLQMCK?RJCR?Q
    RPCGL?BMQ ?CPM@G?KCLRC  PCQSJR? CK BGKGLSGŽM L? RPMA? E?QMQ? RMR?J NMP TMJSKC BC Q?LESC OSC QC KMTC ?RP?TQ BMQ
    NSJKCQ QQGK CKGL​BG​T”​BSMQ?JR?KCLRCRPCGL?BMQ ?RPMA?E?QMQ?LMQNSJKCQNMBCQCRMPL?PGLC¤AGCLRCCKGLRCLQGB?BCQ
    NP™VGK?Q?MKŠVGKM

    ! 

    EC@4282D@D242A:=2C?@DAF=>‚6D56A6?56AC:?4:A2=>6?E6525:76C6?w256AC6DDv@A2C4:2=6?EC6@2C56?EC@5@D2=Gx@​=@D6?@
    D2?8F6
    BF2?E:525656@I:8y?:@6565:​I:5@5642C3@?@5:DD@=G:52?@D2?8F6x5:C6E2>6?E656A6?56?E652AC6DDv@A2C4:2=5@8sD
    D>6>3C2?2D46=F=2C6D6C6DA:C2EC:2DDv@>2:DA6C>6s​G6:D2@5:​I:5@5642C3@?@5@BF62@@I:8y?:@2DD:>2D5:76C6?w2D56
    AC6DDv@A2C4:2=6?EC6@D=25@D52D>6>3C2?2DA@56>D6C>6?@C6DA2C2@5:​I:5@5642C3@?@
    #6D>@6>:?E6?D:5256D>sI:>2D566I6C4{4:@2EC@4282D@D2AF=>@?2CE:>2x>2?E:526>:?​5:​G{​5F@D?v@EC6:?25@D@FEC6:?25@D
    >@56C252>6?E6 ?EC6E2?E@ ?@D 2E=6E2D 26C3:@D 2=E2>6?E6 EC6:?25@D 2 EC@42 82D@D2 AF=>@?2C A@56 D6 E@C?2C :?6L4:6?E6 6>
    :?E6?D:5256D>sI:>2D566I6C4{4:@

    *A0=B?>AC4B0=6Dw​=4>346oB

    4K? TCX OSC ? RPMA? E?QMQ? A?NGJ?P LMQ NSJKCQ RCLF? MAMPPGBM  M MVGE‘LGM BCTC QCP RP?LQNMPR?BM NCJM Q?LESC N?P? MQ
    RCAGBMQAMPNMP?GQ#CKMBMN?PCAGBM MBG™​VGBMBCA?P@MLMBCTCQCPRP?LQNMPR?BMBMQRCAGBMQAMPNMP?GQN?P?MQNSJKCQ
    NCL?Q ACPA? BC  Kl BC MVGE‘LGM NMBCK QCP BGQQMJTGBMQ CK SK JGRPM BC NJ?QK? Q?LES”​LCM QQSKGLBM SK TMJSKC
    NJ?QKŠRGAM RMR?J BC  ?  l  ?NCL?Q ACPA? BC  ?  Kl BC MVGE‘LGM QŽM RP?LQNMPR?BMQ BGQQMJTGBMQ LM NJ?QK?  M OSC 
    GLQS¤AGCLRCN?P??JA?L?P?QBCK?LB?QBMQRCAGBMQAMPNMP?GQKCQKMBSP?LRCMPCNMSQM QQGK LCACQQŠPGMF?TCPMSRP?
    K?LCGP?BCRP?LQNMPR?PMMVGE‘LGMLMQ?LESC.QCPGRP™AGRMQ MSFCKŠAG?Q AMLR‘K85=?7<?29>1SKNGEKCLRMOSCGLAJSG
    DCPPMA?N?XBCQCJGE?PPCTCPQGTCJKCLRC?MMVGE‘LGM OSC?SKCLR??A?N?AGB?BCBMQ?LESCCKRP?LQNMPR?PMVGE‘LGM
    #CKMBMQCKCJF?LRC ?NCL?QACPA?BC?BMBG™​VGBMBCA?P@MLMCLAMLRP?BMLMQ?LESCRP?LQNMPR?BMLMCQR?BM
    BGQQMJTGBM.PCQR?LRCRP?LQNMPR?BMAMKM”M​LQ@GA?P@ML?RMMSJGE?BMFCKMEJM@GL?-?QNP™VGK?QQCCQ MRP?LQNMPRC
    BCEŠQQCPŠCVNJMP?BM

    +C2?DA@CE656@I:8y?:@
    ,?GQBCBMMVGE‘LGMRP?LQNMPR?BMNCJMQ?LESCCQRŠJGE?BMOSGKGA?KCLRCFCKMEJM@GL? FCKMEJM@GL?AMKNMQR?
    BC SK AMKNMLCLRC BC NPMRC”​L? EJM@GL?  C BC SK? KMJASJ? BC DCPPM FCKC  . DCPPM  LCACQQŠPGM N?P? JGE?P
    PCTCPQGTCJKCLRCKMJASJ?QBCMVGE‘LGMNMPKMJASJ?BCFCKMEJM@GL?0S?LBMMMVGE‘LGMCQRŠJGE?BMFCKMEJM@GL? 
    DMPK?B???H95=?7<?29>1 CLOS?LRM?FCKMEJM@GL?LŽMJGE?B??MMVGE‘LGMAF?K?B?BC45C?H95=?7<?29>1"MKM@M?
    N?PRCBMMVGE‘LGMRP?LQNMPR?B?JGE?B?FCKMEJM@GL? QS?AMLACLRP?ŽMBCRCPKGL??OS?LRGB?BCBCMVGE‘LGMOSCNMBCQCP
    RP?LQNMPR?B?NCJMQ?LESC$KFMKCLQCKSJFCPCQ ?AMLACLRP?ŽMBCFCKMEJM@GL?T?PG?BC?E\KlBCQ?LESCZC
     ?  E\ Kl BC Q?LESCZ  PCQNCARGT?KCLRC "?B? EP?K? BC FCKMEJM@GL? NMBC JGE?P PCTCPQGTCJKCLRC   Kl BC
    MVGE‘LGM  PCQSJR?LBM CK SK? D?GV? BC A?N?AGB?BC BC RP?LQNMPR?P MVGE‘LGM CK FMKCLQ C KSJFCPCQ BC  ?  Kl BC
    MVGE‘LGMNMPKlQC?FCKMEJM@GL?CQRGTCPQ?RSP?B?NCJMMVGE‘LGM0S?LBMMJF?KMQ?NCL?QN?P??AMLACLRP?ŽM
    BCFCKMEJM@GL? N?PCACPG?OSC?A?N?AGB?BCBCRP?LQNMPRCKŠVGKMBCMVGE‘LGMK?GMPCKFMKCLQ$LRPCR?LRM AMKM?
    D?GV?BCAMLACLRP?ŽMBCFCKMEJM@GL?CLRPCMQQCVMQQCQM@PCNC ?A?N?AGB?BCQ?LES”​LC?BCRP?LQNMPR?PMVGE‘LGMR?K@K
    QC QM@PCNC /MP A?SQ? B? GKNMPR‹LAG? B? FCKMEJM@GL? N?P? M RP?LQNMPRC BC MVGE‘LGM  QS? BGKGLSGŽM  @?QR?LRC
    NPCHSBGAG?JN?P?MRP?LQNMPRCBCMVGE‘LGMTCP!MVCY3GNMQAMKSLQBC?LCKG?^ 

    FCG2565:DD@4:2wv@52@I:6>@8=@3:?2
    2C?FCKMEJM@GL?RP?LQNMPR?MVGE‘LGMBMQNSJKCQN?P?MQRCAGBMQAMPNMP?GQ BCTCF?TCPSKCQR”KSJMN?P?OSCCJ?QCJGESC
    PCTCPQGTCJKCLRC?MMVGE‘LGMLMQNSJKCQCJG@CPCMMVGE‘LGMLMQRCAGBMQAMPNMP?GQ A?N?AGB?BCBC?FCKMEJM@GL?JGE?PC
    JG@CP?PMVGE‘LGMLMQJMA?GQAMPPCRMQBCLRPMBMAMPNMCVNJGA?B?NCJ?ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?%GESP? 
    -MQNSJKCQ MLBCFŠ?JR?/. ?FCKMEJM@GL?QCJGE??MMVGE‘LGM DMPK?LBM?MVGCKMEJM@GL? CQCRMPL?Q?RSP?B?
    AMKMVGE‘LGM0S?LBM?FCKMEJM@GL?CQRŠQ?RSP?B?AMKMVGE‘LGM CJ?CQRŠRP?LQNMPR?LBM?OS?LRGB?BCKŠVGK?BC
    MVGE‘LGMNMQQ”TCJ-MQRCAGBMQCKOSCMMVGE‘LGMSRGJGX?BMN?P?MKCR?@MJGQKM?CP™@GM FŠ@?GV?/.C?FCKMEJM@GL?
    JG@CP?MMVGE‘LGMCQCRMPL?KCLMQBCQ?RSP?B? AMK?FCKMEJM@GL?QCLBMAMLTCPRGB??BCQMVGCKMEJM@GL?
    86DA0   2DAE0 34 38BB>280sr> 30 >G84<>6;>18=0 34B2A4E4 0 A4;0sr> 4=CA4 0 B0CDA0sr> 30 74<>6;>18=0
    2><>G86u=8>40?A4BBr>?0A280;34>G86u=8>>C@?L?H‹;>?M;NOL;‹ŠI>?IRCAHCI?HNL?IMJOFG™?M?IN?=C>I
    Œ;KO;HNC>;>?>?IRCAHCI@ILH?=C>;;IN?=C>I

    ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?QGEKMGBC MSQCH? RCKSKDMPK?RMBCY2^$QQCDMPK?RMMDCPCACT?LR?ECLQ


    N?P? OSC ? FCKMEJM@GL? QC RMPLC R?LRM MVGCKMEJM@GL? LMQ NSJKCQ OS?LRM BCQMVGCKMEJM@GL? LM L”TCJ BMQ RCAGBMQ
    /PGKCGPM ?SK?/.T?PG?LBMBC?KK'E ?Q?RSP?ŽMBCMVGE‘LGMCQRŠ?AGK?BCC?ASPT?@?QR?LRCNJ?L?
    QGELG¤A?LBM OSC FŠ ?NCL?Q NCOSCL? KSB?L? L? Q?RSP?ŽM BC MVGE‘LGM OS?LBM MAMPPC ?JRCP?ŽM L? /.  /. LMQ
    NSJKCQBC?NPMVGK?B?KCLRCKK'E E?P?LRGLBMOSCMAMPP?Q?RSP?ŽMBCMVGE‘LGMBC K?QKCQKMQC?/.
    BGKGLSGP N?P?  KK'E  MAMPPCPŠ NMSA? T?PG?ŽM L? Q?RSP?ŽM BC MVGE‘LGM (QQM  ¤QGMJMEGA?KCLRC GKNMPR?LRC NMPOSC
    ?QQCESP?OSCQ?RSP?ŽMNP™VGK??MAMPPCPŠLMQNSJKCQ KCQKMOSC?/.LMQNSJKCQBGKGLS?BCTGBM?D?RMPCQ
    AMKM?QS@GB?N?P??JRGRSBCQKMBCP?B?Q

    ,4&
     <
    "187;+75=6;,-)6-51)
    LCKG??BC¤AG‘L^G?L?OS?LRGB?BCBCFCKŠAG?QMSL?QS?OS?LRGB?BCBCFCKMEJM@GL? MS?AMK@GL?ŽMBCQQCQ
    BMGQ D?RMPCQ  ?LCKG? PCQSJR? CK BGKGLSGŽM B? A?N?AGB?BC BC RP?LQNMPRC BC MVGE‘LGM C  ?QQGK  NMBC ?DCR?P ?Q
    A?N?AGB?BCQ BC ,5+<9(5*, MS ?CP™@G?Q .Q QGLRMK?Q B? ?LCKG? GLAJSCK N?JGBCX  D?BGE? DŠAGJ  D?JR? BC ?P LM CQDMPM
    N?JNGR?CQA?PB”?​A?QCNCPB?BC?NCRGRC BC¤AG‘L ^G?BCDCPPMNMBCPCQSJR?PCK?LCKG?CMRGNMK?GQAMKSKB?
    BMCL​?$J?MAMPPCK?GQAMKSKCLRCCKP?XŽMB?GLQS¤AG‘L^G?L?GLECQRŽMBCDCPPML?BGCR?MSBCTGBM?@QMPŽMBC
    DCPPMBGKGLS”​B?$LRPCR?LRM ??LCKG?DCPPMNPGT?R?K@KNMBCMAMPPCPNMPA?SQ?BCFCKMPP?EG?MSLCACQQGB?BCQBC
    DCPPM?SKCLR?B?Q AMKMBSP?LRC?EP?TGBCX
    ?LCKG?CQNMPRGT?QCPCDCPCQAMLACLRP?CQPCBSXGB?QBCFCKMEJM@GL?OSCQC?NPMVGK?KB??LCKG?AJ”LGA?
    ?  E\Bl BC Q?LESCZ CK KSJFCPCQ C FMKCLQ  PCQNCARGT?KCLRC  A?SQ?B? NCJM BCQCKNCLFM BC RPCGL?KCLRM D”QGAM
    $K@MP?MRPCGL?KCLRMD”QGAMPCQSJRCCKSK?NCOSCL?NCPB?BCDCPPMLMQSMP ?NCPB?BCFCKMEJM@GL?A?SQ?B?NCJ?
    BCQRPSGŽM ?SKCLR?B? BC FCKŠAG?Q  C NMQQGTCJKCLRC NMP Q?LEP?KCLRM E?QRPGLRCQRGL?J AMK CQNMPRCQ BC AMPPGB? BC
    BGQR‹LAG?  ? ?LCKG? ECP?JKCLRC LŽM  A?SQ?B? NMP CQQCQ D?RMPCQ . RPCGL?KCLRM D”QGAM  GLAJSGLBM ?K@MQ MQ
    RPCGL?KCLRMQ ?CP™@GM C AMK NCQMQ  PCQSJR? CK CJCT?ŽM BM TMJSKC NJ?QKŠRGAM CK ?R  BSP?LRC MQ NPGKCGPMQ
    KSGRMQ BG?Q BC RPCGL?KCLRM $QQ? CJCT?ŽM AMPPCQNMLBC  BGKGLSGŽM B? AMLACLRP?ŽM BC FCKMEJM@GL? 
    OS?LRGB?BC RMR?J BC FCKMEJM@GL? LM Q?LESC LŽM KSB? QGELG¤A?RGT?KCLRC  K?Q CK TGPRSBC B? CJCT?ŽM BM TMJSKC
    NJ?QKŠRGAM  ? AMLACLRP?ŽM BC FCKMEJM@GL? BGKGLSG N™Q ?JESK?Q QCK?L?Q BC RPCGL?KCLRM  ?Q AMLACLRP?CQ BC
    FCKMEJM@GL?CMFCK?R™APGRMPCRMPL?K?MLMPK?J QQGK ??LCKG?CQNMPRGT?SKCTCLRMLMPK?JKCLRCRP?LQGR™PGM
    CKCLMQNPCT?JCLRCBMOSCHŠQC?APCBGRMS

    %121>g:/5-?
     #CPSGQQC?S *"  1M@CPRQ +,  *SQFLGAI ,1  CR ?J (PML QR?RSQ MD WMSLE K?JCQ ?LB DCK?JCQ NCPDMPKGLE UCGEFR RP?GLGLE
    CVCPAGQC,CB2AG2NMRQ$VCPAZ
     2AFSK?AFCP 8.  2AFKGB  &P?RFUMFJ #  CR ?J 'CK?RMJMEGA?J GLBGACQ MD GPML QR?RSQ MD ?RFJCRCQ GL T?PGMSQ QNMPRQ ?LB
    NCPDMPK?LACQ,CB2AG2NMRQ$VCPAZ
     6PGEFR+, *JCGL, -M?ICQ3# CR?J2NMPRQ?LCKG??PC?JMP?NN?PCLRNFCLMKCLMLGLCLBSP?LACRP?GLCB?RFJCRCQ(LR
    )2NMPRQ,CBZ

    ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?RCKSK?GLAJGL?ŽM@?QR?LRCNPMLSLAG?B?CK/.BC?KK'E-MRCAGBM
    ?RGTM CKOSC?/.@?GV? CQQ?NMPŽMB?ASPT??QQCESP?OSC N?P?SK?NCOSCL?T?PG?ŽMB?/. SK?EP?LBCT?PG?ŽML?
    Q?RSP?ŽM BC MVGE‘LGM MAMPPCPŠ  QGELG¤A?LBM OSC M MVGE‘LGM QCPŠ K?GQ NPMLR?KCLRC JG@CP?BM C BGQNMLG@GJGX?BM N?P? M
    RCAGBM -M PCNMSQM  M RCAGBM NPCAGQ? BC NMSAM MVGE‘LGM C ACPA? BC  BM MVGE‘LGM NCPK?LCAC JGE?BM  FCKMEJM@GL?
    QGELG¤A?LBM OSC  BM MVGE‘LGM  JG@CP?BM N?P? MQ RCAGBMQ #SP?LRC M CVCPA”AGM  ?NCL?Q ACPA? BC  BM MVGE‘LGM
    NCPK?LCAC JGE?BM  FCKMEJM@GL?  BC KMBM OSC  BM MVGE‘LGM RP?LQNMPR?BM NCJ? FCKMEJM@GL?  JG@CP?BM N?P? MQ
    RCAGBMQ .SRPMQ D?RMPCQ  ?JK BM DMPK?RM QGEKMGBC B? ASPT? BC BGQQMAG?ŽM B? MVGCKMEJM@GL? ?HSB?K ? ?QQCESP?P M
    DMPLCAGKCLRM?BCOS?BMBCMVGE‘LGMN?P?MRCAGBMBSP?LRCMCVCPA”AGM

    )(,61'$6(/2(4$674$
    .?SKCLRMMS?BGKGLSGŽMB?RCKNCP?RSP?AMPNMP?JBCQJMA??ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?N?P??BGPCGR?MS
    N?P? ? CQOSCPB?  PCQNCARGT?KCLRC %GESP?   (QQM QGELG¤A? OSC M ?SKCLRM B? RCKNCP?RSP?  AMK MQ MSRPMQ D?RMPCQ
    NCPK?LCACLBM AMLQR?LRCQ  BGKGLSG ? ?¤LGB?BC B? FCKMEJM@GL? NCJM MVGE‘LGM  PCQSJR?LBM CK NMPACLR?ECK KCLMP BC
    Q?RSP?ŽM BC MVGE‘LGM CK OS?JOSCP T?JMP BC /. (LTCPQ?KCLRC  ? BGKGLSGŽM L? RCKNCP?RSP? ?SKCLR? ? ?¤LGB?BC B?
    FCKMEJM@GL?NCJMMVGE‘LGM BCQJMA?LBM?ASPT?N?P??CQOSCPB?#SP?LRCMCVCPA”AGM MCDCGRMB?RCKNCP?RSP?L?ASPT?BC
    BGQQMAG?ŽMB?MVGCKMEJM@GL??HSB?LMDMPLCAGKCLRMBCMVGE‘LGMN?P?MRCAGBM​KSQASJ?P(QQM?AMLRCACNMPOSC BSP?LRCM
    CVCPA”AGM  ? RCKNCP?RSP? BM RCAGBM ​KSQASJ?P ?SKCLR?  PCQSJR?LBM CK SK BCQJMA?KCLRM N?P? ? BGPCGR? L? ASPT? BC
    BGQQMAG?ŽMB?MVGCKMEJM@GL? OSC NMPQS?TCX JCT??SKK?GMPDMPLCAGKCLRMBCMVGE‘LGMN?P?MRCAGBM?RGTM

    )(,61'12
    .CDCGRMBMN'MSB??AGBCXL?ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?AF?K?BMBC5659D??8B.?SKCLRML??AGBCX
    N'BGKGLS”​BM BCQJMA??ASPT?N?P??BGPCGR? CLOS?LRM?BGKGLSGŽML??AGBCXN'?SKCLR?BM BCQJMA??ASPT?N?P??
    CQOSCPB?%GESP? #SP?LRCMCVCPA”AGMGLRCLQM QM@PCRSBMMCVCPA”AGMBCL?RSPCX??L?CP™@G? ??AGBCX MSAMLACLRP?ŽM
    BC”M​LQFGBPME‘LGM' ?SKCLR?LM​KžQASJMCKRP?@?JFMCLMQ?LESCOSCAGPASJ?NCJM​KžQASJMTCP"?N”RSJM .' QC
    JGE?BCKMBMPCTCPQ”TCJFCKMEJM@GL? PCBSXGLBM??¤LGB?BCB?FCKMEJM@GL?NCJMMVGE‘LGMCD?XCLBMAMKOSC?ASPT?BC
    BGQQMAG?ŽMB?MVGCKMEJM@GL?QCBCQJMOSCN?P??BGPCGR?(QQMRCKMKCQKMCDCGRMB?CJCT?ŽML?RCKNCP?RSP?BM​KžQASJM
    ?RGTM PCQSJR?LBMCK?SKCLRMBMDMPLCAGKCLRMBCMVGE‘LGMN?P?M​KžQASJM?RGTM QQGK LMRCAGBM​KSQASJ?P?RGTM R?LRM
    ?SKCLRML?RCKNCP?RSP?OS?LRMM' CJCT?BMBCQJMA?K?ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?N?P?BGPCGR? PCQSJR?LBM
    CKK?GMPDMPLCAGKCLRMBCMVGE‘LGMN?P?MRCAGBM​KSQASJ?P?RGTM
    86DA0  )4 0 2DAE0 34 38BB>280sr> 30 >G84<>6;>18=0 B4 34B;>20 ?0A0 0 38A48C0 >D ?0A0 0 4B@D4A30 4<
    @D0;@D4A ?A4BBr> ?0A280; 34 >G86u=8> ?0A​C82D;0A 0 B0CDA0sr> 38<8=D8 >D 0D<4=C0 A4B?42C8E0<4=C4 
    N?GJ?L;NOL;IO;;=C>?T;OG?HN;>;>?MFI=;;=OLP;>?>CMMI=C;‹ŠI>;IRC?GIAFI<CH;J;L;;>CL?CN; 1?GJ?L;NOL;IO
    ;=C>?T>CGCHO​>;>?MFI=;;=OLP;>?>CMMI=C;‹ŠI>;IRC?GIAFI<CH;J;L;;?MKO?L>;

    )(,61'1 ',)15)1*.,&(4$61
    Q FCKŠAG?Q LŽM R‘K KGRMAšLBPG?Q C  ?QQGK  M@R‘K CLCPEG? ?NCL?Q B?Q PC?CQ ?L?CP™@G?Q B? EJGA™JGQC 4K QS@NPMBSRM
    BCQQ?Q PC?CQ  M   BGDMQDMEJGACP?RM   #/&  .   #/& NMBC QC JGE?P DP?A?KCLRC  FCKMEJM@GL?  PCBSXGLBM QS?
    ?¤LGB?BC NCJM MVGE‘LGM  BCQJMA?LBM ? ASPT? BC BGQQMAG?ŽM B? MVGCKMEJM@GL? N?P? ? BGPCGR? C  CLRŽM  ?SKCLR?LBM M
    DMPLCAGKCLRM BC MVGE‘LGM N?P? M RCAGBM $LRPCR?LRM  MQ CDCGRMQ BM RPCGL?KCLRM BC CVCPA”AGMQ C BC QCQQCQ ?ESB?Q BC
    CVCPA”AGMLM #/&QŽM?K@”ESMQ/MPCVCKNJM CK@MP?RCLF?QGBMKMQRP?BMOSCMQL”TCGQCKPCNMSQMBC #/&
    QCH?K K?GMPCQ CK ?RJCR?Q BM OSC CK GL​BG​T”​BSMQ LŽM RPCGL?BMQ  R?K@K DMG KMQRP?BM OSC CVCPA”AGMQ BC GLRCLQGB?BC
    KMBCP?B? BC ASPRM NP?XM LŽM ?DCR?K M   #/&  NMPK R?LRM M CVCPA”AGM BC ?JR? GLRCLQGB?BC OS?LRM ? ?RGTGB?BC BC
    GLRCLQGB?BCKMBCP?B?NPMJMLE?B??SKCLR?KMQL”TCGQBC #/&LMQ?LESC    QQGK MCDCGRMBMCVCPA”AGMCBM
    RPCGL?KCLRML?QAMLACLRP?CQBC #/&C NMPR?LRM OS?JOSCPCDCGRML?ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL?LŽMCQRŠ
    AJ?PM-”TCGQK?GQ?JRMQBC #/&DMP?KKMQRP?BMQCKNCQQM?QOSCTGTCKCK?JRGRSBC MOSCNMBCPG?PCNPCQCLR?PSK
    D?RMPECLRGAMMSSK??B?NR?ŽMCVNMQGŽMBCJMLEMNP?XM?JRGRSBC QQGK CK@MP?M #/&NMQQ??DCR?P?ASPT?BC
    BGQQMAG?ŽMB?MVGCKMEJM@GL? QCSCDCGRM¤QGMJ™EGAMBCTGBM?MRPCGL?KCLRMLŽMCQRŠAJ?PM

    4$052146('(',e​9,'1'(&$4%101
    $VGQRCK  K?LCGP?Q AMK OSC M BG™​VGBM BC A?P@MLM NMBC QCP RP?LQNMPR?BM LM Q?LESC    ?  CQRŽM BGQQMJTGBMQ LM
    NJ?QK? ?NPMVGK?B?KCLRCCQRŽMJGE?BMQFCKMEJM@GL?C ACPA?BCQŽMRP?LQNMPR?BMQAMKM@GA?P@ML?RM
    3MBMQ MQ  KCGMQ BC RP?LQNMPRC AMKC?K AMK M BG™​VGBM BC A?P@MLM NPMBSXGBM BSP?LRC M KCR?@MJGQKM  PCQSJR?LBM CK
    /".?JR?BCLRPMBMRCAGBMCAMKMBG™​VGBMBCA?P@MLMQCBGDSLBGLBMN?P?MNJ?QK?Q?LES”​LCM JESK?N?PRCBMBG™​VGBM
    BCA?P@MLMNCPK?LCACLMCQR?BMBGQQMJTGBMCJCT?BMN?P?MQNSJKCQ QFCKŠAG?QRP?LQNMPR?KLŽMQ™MVGE‘LGM AMKM
    R?K@KBG™​VGBMBCA?P@MLM.RP?LQNMPRCBCBG™​VGBMBCA?P@MLMJGE?BMFCKMEJM@GL?CAMKM@GA?P@ML?RMKCPCACSK?
    CVNJGA?ŽM?BGAGML?JNMPOSCCQQCQKCGMQBCRP?LQNMPRCBCBG™​VGBMBCA?P@MLMCQRŽMJGE?BMQ?MRP?LQNMPRCBCMVGE‘LGM Q
    K?LCGP?QBCRP?LQNMPRCBCBG™​VGBMBCA?P@MLMCAMKMCJ?QCQRŽMJGE?B?Q?MRP?LQNMPRCBCMVGE‘LGMQŽMKMQRP?B?QL?%GESP?
    
    86DA0 
      20?0283034 30 74<>6;>18=0 4< B4 ;860A 0> >G86u=8> 4 0> 38{​G83> 34 20A1>=> t 054C030 ?>A
    EoA8>B50C>A4B0;t<30?A4BBr>?0A280;34>G86u=8>FN?L;‹™?MH;;=C>?T
    I>?MFI=;G?HNI>I=FIL?NI?;FCA;‹ŠI
    HŠI=IGJ?NCNCP;>?>C•​RC>I>?=;L<IHI?>?IRCAHCIJ?F;B?GIAFI<CH;;@?N;G;=;J;=C>;>?>;B?GIAFI<CH;?GM?
    FCA;L;IIRCAHCI

    4$052146('(',e​9,'1'(&$4%1012(.$&$4%$/,01(/1*.1%,0$
    -MRCAGBMCKOSC?/".?JR? MBG™​VGBMBCA?P@MLMNMBCQCJGE?PFCKMEJM@GL? DMPK?LBM?31B21=9>?5=?7<?29>1
    .BG™​VGBMBCA?P@MLMQCJGE??MQ?KGLMŠ​AGBMQOSCQŽMN?PRCB?NMPŽMBCEJM@GL?B?FCKMEJM@GL?"MKMMBG™​VGBMBC
    A?P@MLM QC JGE?  EJM@GL? C M MVGE‘LGM  NMPŽM FCKC B? FCKMEJM@GL?  CQQCQ  RGNMQ BC RP?LQNMPRC LŽM AMKNCRCK
    $LRPCR?LRM  ? MVGECL?ŽM B? FCKMEJM@GL? LMQ NSJKCQ BGKGLSG ? A?N?AGB?BC BC ? FCKMEJM@GL? QC JGE?P ?M BG™​VGBM BC
    A?P@MLM?MNPMTMA?PSK?KSB?L?AMLDMPK?AGML?JL?KMJASJ?BCFCKMEJM@GL? QQGK ?MVGECL?ŽMC?@?GV?/".LMQ
    NSJKCQD?AGJGR?K?JG@CP?ŽMBMBG™​VGBMBCA?P@MLMNCJ?FCKMEJM@GL?4K?TCXJG@CP?BMB?FCKMEJM@GL? MBG™​VGBMBC
    A?P@MLMQCBGQQMJTCLMNJ?QK? QCBGDSLBCN?P?M?PLMQ?JTM​JMQCCVNGP?BM

    ! 

    =:82wv@C6G6CD{G6=56@I:8y?:@u96>@8=@3:?24@?EC:3F:A2C2@EC2?DA@CE6565@@I:8y?:@A6=@D2?8F6
    %7@C>2E@D:8>@:56524FCG2565:DD@4:2wv@52@I:6>@8=@3:?282C2?E67@C>2wv@56@I:6>@8=@3:?2BF2D6>sI:>2>6D>@BF2?5@2
    AC6DDv@ A2C4:2= 2E>@D7xC:42 56 @I:8y?:@ 5:>:?F: DD@ E2>3x> 82C2?E6 BF6 A6BF6?2D >F52?w2D ?2 AC6DDv@ A2C4:2= C6DF=E6> 6>
    =:36C2wv@5@@I:8y?:@A2C2@E64:5@2E:G@
    #F52?w2D?2E6>A6C2EFC26?224:56J56D=@42>24FCG2565:DD@4:2wv@52@I:6>@8=@3:?242FD2?5@>2:@C6?EC68256@I:8y?:@2@
    E64:5@​>FD4F=2C5FC2?E6@6I6C4{4:@
    s >2?6:C2D56EC2?DA@CE2C@5:​I:5@5642C3@?@A@Cx>
    56DD2DF3DEt?4:2xEC2?DA@CE252?27@C>2563:42C3@?2E@
    %EC2?DA@CE656@I:8y?:@6565:​I:5@5642C3@?@6DEs=:825@A6=27@C>2wv@5642C32>:?@6>@8=@3:?26A6=@E2>A@?2>6?E@5@D{@​?D
    9:5C@8y?:@A6=296>@8=@3:?2BF65:>:?F6>22L?:52565296>@8=@3:?2A6=@@I:8y?:@

    4$052146('(',e​9,'1'(&$4%1012(.1%,&$4%10$61
    -MQRCAGBMQCKOSCFŠ?JR?/". MBG™​VGBMBCA?P@MLMAMLTCPRGBMCK@GA?P@ML?RML?QFCKŠAG?Q
    ". '.$'".$'  '".Z
    DMPK?ŽMBCŠAGBMA?P@šLGAM'". D?AGJGR?B?NCJ?CLXGK??LGBP?QCA?P@šLGA?CLAMLRP?B?L?QFCKŠAG?Q4K?TCX
    DMPK?BM  M ŠAGBM A?P@šLGAM QC BGQQMAG?  PCQSJR?LBM CK SK ”M​L FGBPME‘LGM '  C SK ”M​L @GA?P@ML?RM '".Z  . ”M​L
    @GA?P@ML?RMQCBGDSLBCN?P?DMP?B?FCKŠAG?N?P?MNJ?QK?-MR? QCOSCM”M​L@GA?P@ML?RMRCKSK?A?PE?LCE?RGT?C?
    PCKMŽMBCSK?A?PE?LCE?RGT?BCOS?JOSCPAJSJ?PCQSJR?CK?JRCP?ŽMLM@?J?LMCJRPGAMNCJ?KCK@P?L?ACJSJ?P/?P?
    NPCTCLGP CQQ? ?JRCP?ŽM LM @?J?LM CJRPGAM  SK ”M​L AJMPCRM "JZ  BGDSLBC QC N?P? BCLRPM B? FCKŠAG? $QQ? RPMA? BM ”M​L
    @GA?P@ML?RMNMPSK”M​LAJMPCRMAF?K?B?BC45C<?31=5>D?4?3<?B5D?
    .”M​LFGBPME‘LGMNPMBSXGBMQCJGE?N?PRCEJM@GL?B?FCKMEJM@GL? ?QQGK ?FCKMEJM@GL??ECAMKMSKR?KNŽMC?HSB?
    ? K?LRCP ? ?AGBCX LMPK?J N'  BCLRPM B? FCKŠAG? . R?KNML?KCLRM B? FCKMEJM@GL? BMQ ”M​LQ FGBPME‘LGM PCBSX QS?
    ?¤LGB?BCNCJMMVGE‘LGM#CQQ?K?LCGP? MR?KNML?KCLRMBMQ”Mi QFGBPME‘LGMBGQN?P?MCDCGRM!MFP MSKMTC?ASPT?BC
    BGQQMAG?ŽMB?MVGCKMEJM@GL?N?P??BGPCGR?-ML”TCJRC​AG​BS?J GQQMPCQSJR?L?JG@CP?ŽMBCMVGE‘LGMNCJ?FCKMEJM@GL?N?P?
    OSCCJCCQRCH?BGQNML”TCJ?MKCR?@MJGQKM
    PC?ŽMBM@GA?P@ML?RMNMBCMAMPPCPCK?K@MQMQQCLRGBMQ-MQNSJKCQ MLBC?/".@?GV?BCLRPMBMQ?JTM​JMQ M
    BG™​VGBMBCA?P@MLMQCBGDSLBCN?P?DMP?B?QMJSŽM NCPRSP@?LBMM@?J?LMB?PC?ŽMBM@GA?P@ML?RMCD?XCLBMAMKOSC
    CQQ?PC?ŽMMAMPP?L?BGPCŽMB?NPMBSŽMBCBG™​VGBMBCA?P@MLMCŠES? JKBGQQM ?MVGECL?ŽMB?FCKMEJM@GL?D?X
    AMKOSCCJ?NCPA?QS??¤LGB?BCNCJMQ”M i QFGBPME‘LGM$LRŽM CJCQ¤A?KBGQNML”TCGQN?P??NPMBSŽMBCŠAGBMA?P@šLGAM
    OSC  NMP A?SQ? B? @?GV? /".  QC BGQQMAG? CK BG™​VGBM BC A?P@MLM C ŠES? #CQQC KMBM  ? JG@CP?ŽM BC MVGE‘LGM NCJ?
    FCKMEJM@GL? LM RCAGBM CQRŠ JGE?B? ?M RP?LQNMPRC BC BG™​VGBM BC A?P@MLM NCJ? FCKMEJM@GL?  C ? JG@CP?ŽM BC BG™​VGBM BC
    A?P@MLMNCJ?FCKMEJM@GL?LMQNSJKCQCQRŠJGE?B?MVGECL?ŽMB?FCKMEJM@GL?

    *A>2060B>B0=>​<B2D;>

    RPMA?E?QMQ?LM​KžQASJMMSCKOS?JOSCPMSRPMRCAGBMMAMPPCBCTGBMQBGDCPCL?QL?/.CL?/".CLRPCMRCAGBMCM
    A?NGJ?PQ?LES”​LCM%GESP? 3MBMQMQD?RMPCQBCQAPGRMQ?LRCPGMPKCLRCQM@PC?QBGDCPCL?QBCNPCQQŽMN?PAG?JCRP?LQNMPRC
    Q?LES”​LCM BC MVGE‘LGM C BC BG™​VGBM BC A?P@MLM QC ?NJGA?K  RPMA? E?QMQ? A?NGJ?P LM L”TCJ RC​AG​BS?J  OS?LRGB?BC BC
    MVGE‘LGMDMPLCAGBM?MRCAGBMNMBCQCPA?JASJ?B?SRGJGX?LBM QCMNPGLA”NGMBC%GAIC?BGDCPCL??PRCPGMTCLMQ?BCMVGE‘LGM
    TCP QCŽM Y%MPLCAGKCLRM BC MVGE‘LGM ?M RCAGBM^  LM "?N”RSJM   4K? TCX OSC M MVGE‘LGM RCLF? QC BGDSLBGBM N?P? M
    RCAGBM SK?KMJASJ?A?PPC?BMP?BCMVGE‘LGMKGMEJM@GL? BCLRPMBM​KžQASJM?SVGJG?LMQCSRP?LQNMPRC?R?KGRMAšLBPG?
     =9?7<?29>1  SK? KMJASJ? RP?LQNMPR?BMP? BC MVGE‘LGM QCKCJF?LRC  FCKMEJM@GL?  CVACRM OSC CJ?  CLAMLRP?B?
    BCLRPM BMQ ​KžQASJMQ CQOSCJRGAM C A?PB”?​AM  KGMEJM@GL? QC JGE? PCTCPQGTCJKCLRC ?M MVGE‘LGM C QS? DSLŽM  ?SVGJG?P ?
    BGDSQŽMN?QQGT?BCMVGE‘LGMB?KCK@P?L?ACJSJ?PN?P??KGRMAšLBPG?"MKM?R?V?BCBGDSQŽMBCQ?ACJCP?CVNMLCLAG?JKCLRC
     KCBGB? OSC ? BGQR‹LAG? ?SKCLR?  ? KGMEJM@GL? JMA?JGX?B? CLRPC ? KCK@P?L? C ? KGRMAšLBPG?  BC D?RM  PCQSJR? CK 
    BGQR‹LAG?Q BC BGDSQŽM KCLMPCQ CK TCX BC  JMLE? "MKM PCQSJR?BM  M RCKNM BC RP‹LQGRM BM MVGE‘LGM ?RP?TQ B? ¤@P? *
    KSQASJ?P?R?KGRMAšLBPG?PCBSXGBMQGELG¤A?RGT?KCLRC
    #GDCPCLRCKCLRC B? FCKMEJM@GL?  ? KGMEJM@GL? RCK ?NCL?Q SK? KMJASJ? BC DCPPM  CLOS?LRM ? FCKMEJM@GL? RCK 
    KMJASJ?QBCDCPPM.​KžQASJMOSCN?PCACTCPKCJFMRCKEP?LBCQOS?LRGB?BCQBCKGMEJM@GL? CLOS?LRMMQ​KžQASJMQOSC
    N?PCACK@P?LAMQR‘KNCOSCL?QOS?LRGB?BCQBCKGMEJM@GL? AMLACLRP?ŽMBCKGMEJM@GL?BCLRPMBCSK?¤@P?h SQASJ?P
    T?PG?AMKMRGNMBC¤@P?h SQASJ?PTCP"?N”RSJM  AMLACLRP?ŽMBCKGMEJM@GL??JR?CK¤@P?QKpQASJ?P` QRGNM(AMK
    ?JR?A?N?AGB?BC?CP™@G?AMLRP?ŽMJCLR? CLOS?LRM?Q¤@P?Q h SQASJ?mCQRGNM((?AMLRP?ŽMPŠNGB? C((VAMLRP?ŽMPŠNGB?
    R‘KOS?LRGB?BCGL​RCP​KC​BGŠ​PG?CJGKGR?B?BCKGMEJM@GL? PCQNCARGT?KCLRC
    JK BC ?ACJCP?P ? BGDSQŽM BC MVGE‘LGM ?RP?TQ B? ¤@P? h SQASJ?P  ? KGMEJM@GL? DSLAGML? AMKM SK? YPCQCPT? BC
    MVGE‘LGM^ LM GL”AGM BM CVCPA”AGM ,CQKM AMK M ?SKCLRM ?LRCAGN?R™PGM TCP QCŽM Y$DCGRMQ BM CVCPA”AGM L? TCLRGJ?ŽM
    NSJKML?P^ ?BG?LRC L?DPC​OS‘LAG?PCQNGP?R™PG??LRCQBMGL”AGMBMCVCPA”AGM CVGQRCSK?RP?QMLMDMPLCAGKCLRMBCMVGE‘LGM
    ?M​KžQASJM#SP?LRCCQQCGLRCPT?JM MMVGE‘LGMJGE?BMKGMEJM@GL??HSB??K?LRCP?QBCK?LB?QBCMVGE‘LGMBM​KžQASJM
    OSC CQRŠ QC RMPL?LBM ?RGTM "MK M ¤K BM CVCPA”AGM  M MVGE‘LGM L? KGMEJM@GL? BCTC QCP PCNMQRM C  SK NCOSCLM
    AMKNMLCLRCBMB¤AGRBCMVGE‘LGMTCP"?N”RSJM 
    $K@MP??KGMEJM@GL?C?FCKMEJM@GL?QCH?KQGKGJ?PCQL?CQRPSRSP?OS”​KGA? SK?BGDCPCL?CLRPCCQQ?QKMJASJ?Q
    OSC?KGMEJM@GL?RCKSK?ASPT?BCBGQQMAG?ŽMBCMVGE‘LGMK?GQGLAJGL?B?C?JA?L?B?Q?RSP?ŽMBCMVGE‘LGMCK
    /.KSGRMKCLMPCQKK'E /MPA?SQ?BCQQCQD?RMPCQ ?KGMEJM@GL?JG@CP?QCSMVGE‘LGM?L”TCGQBC/.KSGRM@?GVMQ M
    OSC  GKNMPR?LRC NMPOSC BCLRPM B? KGRMAšLBPG? BM ​KžQASJM ?RGTM  ? /. NMBC QCP RŽM @?GV? OS?LRM  KK'E QQGK  ?
    ASPT?BCBGQQMAG?ŽMBMMVGE‘LGMB?KGMEJM@GL?NCPKGRCOSCCJ?RP?LQNMPRCMVGE‘LGM?L”TCGQKCLMPCQBC/.KK'E
    CLAMLRP?BMQBCLRPMBM​KžQASJMCQOSCJRGAM

    ! 

    EC@4282D@D2?@DE64:5@D@4@CC656G:5@25:76C6?w2D56AC6DDv@A2C4:2=5@@I:8y?:@65@5:​I:5@5642C3@?@6?EC6@E64:5@6@
    D2?8F6
     >:@8=@3:?2 F>2 >@=x4F=2 D:>:=2C u 96>@8=@3:?2 EC2?DA@CE2 @I:8y?:@ 52 >6>3C2?2 46=F=2C A2C2 2 >:E@4€?5C:2 A2C2 FD@ ?@
    >6E23@=:D>@26C3:@

    >=CA>;430E4=C8;0sr>

    . AMLRPMJC B? TCLRGJ?ŽM C B? RPMA? E?QMQ? NSJKML?P  LCACQQŠPGM N?P? K?LRCP ? FMKCMQR?QG? BSP?LRC M PCNMSQM C N?P?
    GES?J?P?QLCACQQGB?BCQBCMVGE‘LGMBMRCAGBMC?PCKMŽMBCBG™​VGBMBCA?P@MLMBSP?LRCMCVCPA”AGM,SGRMBCQQCAMLRPMJC
    LCACQQŠPGM  ?JA?L?BM NCJ? PCESJ?ŽM GLTMJSLRŠPG? B? TCLRGJ?ŽM NSJKML?P $K@MP? M AMLRPMJC B? TCLRGJ?ŽM NSJKML?P
    RCLF?QGBMCQRSB?BMNMP¤QGMJMEGQR?QBSP?LRCKSGRMQ?LMQ ?GLB?FŠKSGRMN?P??NPCLBCP,?QMOSCQCQ?@COSCCVGQRCK
    KSGR?Q​ŠPC?QBMAMPNMCBMQGQRCK?LCPTMQMACLRP?JOSCAMLRPG@SCKN?P?MAMLRPMJCTCLRGJ?R™PGMNCJMKMLGRMP?KCLRMB?Q
    AMLACLRP?CQBC/. /".C' BCLRPMBMQ?LESCMSBMJ”OSGBMACPC@PMQNGL?J"MKMCQNCP?BM BGKGLSGŽML?/. M
    ?SKCLRML?/".CM?SKCLRML?AMLACLRP?ŽMBC' AMKMMAMPPCPG?KLMCVCPA”AGM CJCT?K?TCLRGJ?ŽMNSJKML?P M
    AMLRPŠPGM ?/.?SKCLR?B?C?/".C?AMLACLRP?ŽMBC' BGKGLS”​B?QPCQSJR?KCKTCLRGJ?ŽMNSJKML?PBGKGLS”​B? Q
    NP™VGK?QQCCQCVNJMP?KMAMLRPMJCB?TCLRGJ?ŽMNSJKML?P

    6?EC@5@4@?EC@=6C6DA:C2EC:@
    $K@MP?LŽMCQRCH?AMKNJCR?KCLRCCJSAGB?BM SK?NMPŽMBM@SJ@MKCBSJ?TCLRPMJ?RCP?J C?NMLRCDMPK?KMACLRPMBC
    AMLRPMJC PCQNGP?R™PGM  DSLAGML?LBM AMKM SK YK?PA? N?QQM^ A?N?X BC NPMBSXGP M N?BPŽM P”RKGAM BC PCQNGP?ŽM  DPC​
    OS‘LAG? C ? NPMDSLBGB?BC B? PCQNGP?ŽM NMBCK QCP KMBG¤A?B?Q NCJ? GLDMPK?ŽM BC ACLRPMQ ACPC@P?GQ QSNCPGMPCQ
    OSGKGMPPCACNRMPCQ LM NP™NPGM @SJ@M C MSRP?Q GLDMPK?CQ B? NCPGDCPG? BC KMBM OSC ?RCLB?K ?Q LCACQQGB?BCQ B? RPMA?
    E?QMQ? LM PCNMSQM C BSP?LRC M CVCPA”AGM %GESP?   . N?BPŽM BC PCQNGP?ŽM NPMBSXGBM NCJM ACLRPM BC AMLRPMJC
    PCQNGP?R™PGM  CLRŽM CLTG?BM NCJ? KCBSJ? CQNGL?J N?P? MQ ​KžQASJMQ PCQNGP?R™PGMQ . AMLRPMJC B? TCLRGJ?ŽM NSJKML?P 
    GLTMJSLRŠPGM $LRPCR?LRM   NMQQ”TCJ KMBG¤A?P TMJSLR?PG?KCLRC ? TCLRGJ?ŽM NSJKML?P  AMKM OS?LBM NPCLBCKMQ ?
    PCQNGP?ŽM  K?Q KCQKM LCQQ? QGRS?ŽM M AMLRPMJC GLTMJSLRŠPGM T?G LMPK?JKCLRC QM@PCNSH?P QCS CQDMPM TMJSLRŠPGM N?P?
    AMLRPMJ?P ? TCLRGJ?ŽM NSJKML?P Q TŠPG?Q GLDMPK?CQ N?P? AMLRPMJ?P ? GLQNGP?ŽM C ? CVNGP?ŽM QCPŽM BGQASRGB?Q L?Q
    NP™VGK?QQCCQ

    86DA0 %24=CA>342>=CA>;4A4B?8A0C{A8>4BCo;>20;8H03>=>1D;1>,=?HNLI>?=IHNLIF?L?MJCL;N•LCI;DOMN;;
    P?HNCF;‹ŠI JOFGIH;L J;L; M;NCM@;T?L ;M H?=?MMC>;>?M =ILJIL;CM >?PC>I ‰ L?NLI;FCG?HN;‹ŠI >IM KOCGCILL?=?JNIL?M ?
    >IMJLIJLCI=?JNIL?M

    (F:>:@CC646AE@C6D46?EC2:D
    .Q AE9=9?BB535@D?B5C QŽM PCACNRMPCQ OSC PCQNMLBCK ? KSB?L?Q OS”​KGA?Q .Q AE9=9?BB535@D?B5C 35>DB19C CQRŽM
    JMA?JGX?BMQ BCLRPM BM @SJ@M  K?Q CQRŽM QCN?P?BMQ ?L?RMKGA?KCLRC BM ACLRPM BC AMLRPMJC PCQNGP?R™PGM $QQCQ
    OSGKGMPPCACNRMPCQ PCQNMLBCK ? KSB?L?Q LM J”OSGBM ACPC@PMQNGL?J C QŽM CQNCAG?JKCLRC QCLQ”TCGQ ? KSB?L?Q L?Q
    AMLACLRP?CQBC' MSN' QKCK@P?L?QA?NGJ?PCQBMQT?QMQQ?LES”​LCMQACPC@P?GQQŽMKSGRMNCPKCŠ​TCGQ?MBG™​VGBMBC
    A?P@MLM BCKMBMOSCMBG™​VGBMBCA?P@MLMBGDSLBC QCNPMLR?CP?NGB?KCLRCN?P?MJ”OSGBMACPC@PMQNGL?JOS?LBM?/".
    Q?LES”​LC? ?SKCLR?  AMKM BSP?LRC M CVCPA”AGM  AMLACLRP?ŽM ?SKCLR?B? BC BG™​VGBM BC A?P@MLM BCLRPM BM J”OSGBM
    ACPC@PMQNGL?J ?SKCLR? P?NGB?KCLRC ? AMLACLRP?ŽM BMQ ”M​LQ FGBPME‘LGM BCTGBM  PC?ŽM BC @GA?P@ML?RM BCQAPGR?
    ?LRCPGMPKCLRC K?GMPAMLACLRP?ŽMBC' LMJ”OSGBMACPC@PMQNGL?JCQRGKSJ?SK?SKCLRMB?TCLRGJ?ŽMNSJKML?PN?P?
    ?ACJCP?P ? CJGKGL?ŽM BC BG™​VGBM BC A?P@MLM NCJM AMPNM QQGK  KSB?L?Q L? AMLACLRP?ŽM BC '  LŽM BC /".  QŽM M
    CQR”KSJMN?P?MQOSGKGMPPCACNRMPCQACLRP?GQ?JRCP?PCK?TCLRGJ?ŽMNSJKML?P#SP?LRCMCVCPA”AGM ?AMLACLRP?ŽMBMQ”M​
    LQ FGBPME‘LGM LM Q?LESC NMBCPG? ?SKCLR?P GLBGPCR?KCLRC NMP A?SQ? B?Q AMLACLRP?CQ K?GMPCQ BC BG™​VGBM BC A?P@MLM
    AMKMKCLAGML?BM?LRCQ MSBCTGBM?M?SKCLRMB?BCNCLB‘LAG??MKCR?@MJGQKM?L?CP™@GMCNPMBSŽMBCŠAGBMJŠARGAM
    TCP"?N”RSJM $LRPCR?LRM ?QKCK@P?L?QA?NGJ?PCQBMQT?QMQQ?LES”​LCMQACPC@P?GQLŽMQŽMKSGRMNCPKCŠ​TCGQ?MQ”M​LQ
    FGBPME‘LGM BCKMBMOSCCJCQBGDSLBCKKSGRMJCLR?KCLRCBMQ?LESCN?P?MJ”OSGBMACPC@PMQNGL?J QQGK CK@MP?R?LRM?
    BGDSQŽMBCBG™​VGBMBCA?P@MLMOS?LRMBC' BMQ?LESCN?P?MJ”OSGBMACPC@PMQNGL?J?SKCLR?PG?K?AMLACLRP?ŽMBC' C
    NMPR?LRM  ? TCLRGJ?ŽM NSJKML?P  ? PCQNMQR? ? SK? AMLACLRP?ŽM ?SKCLR?B? BC BG™​VGBM BC A?P@MLM C ? PC?ŽM BM
    @GA?P@ML?RMQŽMK?GQPŠNGB?Q

    (F:>:@CC646AE@C6DA6C:7xC:4@D
    .Q AE9=9?BB535@D?B5C @5B96lB93?C QŽM OSGKGMPPCACNRMPCQ JMA?JGX?BMQ L?Q ?PRPG?Q A?P™RGB?Q C LM ?PAM B? ?M​PR? .Q
    PCACNRMPCQ JMA?JGX?BMQ LM ?PAM B? ?M​PR? QŽM AF?K?BMQ BC EJMKMQ ?™​PRGAMQ  CLOS?LRM ?OSCJCQ JMA?JGX?BMQ L?Q ?PRPG?Q
    A?P™RGB?QQŽMAF?K?BMQBCEJMKMQA?P™RGAMQ K@MQMQEJMKMQ?™​PRGAMCA?P™RGAMPCQNMLBCK?KSB?L?QL?/".Q?LES”​
    LC?CAMLACLRP?ŽMBC' CMQEJMKMQA?P™RGAMQR?K@KPCQNMLBCK?KSB?L?QL?/.Q?LES”​LC?$LRPCR?LRM CQQCQ
    PCACNRMPCQ QCPG?K CQRGKSJ?BMQ ?NCL?Q NMP BGKGLSGCQ EP?TCQ L? /.    C CJCQ ?DCR?K ECP?JKCLRC ? PCQNGP?ŽM
    L?OSCJCQ GL​BG​T”​BSMQ AMK BMCL​? NSJKML?P CL¤QCK?  #/." CRA  +CK@PC QC BC OSC ? AMLACLRP?ŽM Q?LES” i C? BC '
    NMBC QCP CJCT?B? BCTGBM  ?AGBCX ?SKCLR?B? A?SQ?B? NCJM KCR?@MJGQKM ?L?CP™@GM BSP?LRC M CVCPA”AGM  MS /".
    ?SKCLR?B?  PCQSJR?LBM L? PC?ŽM BM @GA?P@ML?RM $K@MP? MQ OSGKGMPPCACNRMPCQ NCPGDPGAMQ QCH?K QCLQ”TCGQ R?LRM ?
    KSB?L?QBC/.OS?LRMBC/". ?QKSB?L?QBC/".QŽMSKCQR”KSJMK?GQDMPRCN?P??JRCP?P?TCLRGJ?ŽMNSJKML?P
    !MVC 
     JMA?JGX?ŽM BMQ OSGKGMPPCACNRMPCQ NCPGDPGAMQ NCPKGRC OSC CJCQ KMLGRMPCK ?Q T?PG?CQ OS”​KGA?Q CK  JMA?GQ AF?TC
    BCLRPM BM QGQRCK? AGPASJ?R™PGM .Q EJMKMQ A?P™RGAMQ KMLGRMP?K M QSNPGKCLRM BC Q?LESC N?P? ? A?@C? C M CLAD?JM
    CLOS?LRMMQEJMKMQ?™​PRGAMQKMLGRMP?KMQ?LESCOSC?A?@MSBCPCRMPL?PB?AGPASJ?ŽMNSJKML?PCCQRŠQCLBM@MK@C?BM
    N?P??AGPASJ?ŽMQGQR‘KGA?$K@MP??K@MQMQEJMKMQ?™​PRGAMCA?P™RGAM?DCRCK?TCLRGJ?ŽMNSJKML?P MQEJMKMQA?P™RGAMQ
    N?PCACKQCPK?GQGKNMPR?LRCQAMKMOSGKGMPPCACNRMPCQNCPGDPGAMQ

    ,4&
    
    7:9=-7;6),),7:-;018-:>-6<14)5)6<-;,-=5)+758-<1dc7
    .Q L?B?BMPCQ FGNCPTCLRGJ?K TMJSLR?PG?KCLRC ?LRCQ BC SK? BGQNSR? N?P? PCKMTCP M ". BC QCS Q?LESC AMK M
    M@HCRGTM BC QCESP?P M DšJCEM NMP K?GQ RCKNM BSP?LRC ? AMKNCRGŽM . BG™​VGBM BC A?P@MLM  M NPGLAGN?J CQR”KSJM
    N?P??PCQNGP?ŽM"MK?FGNCPTCLRGJ?ŽMTMJSLRŠPG? ?AMLACLRP?ŽMBC".@?GV?BM?P?RKMQDPGAMRP?XGB?N?P?
    MQ NSJKCQ  PCBSXGLBM ? NPCQQŽM N?PAG?J BC ". LM ?P ?JTCMJ?P (QQM PCQSJR? CK K?GQ ". BCGV?LBM M Q?LESC
    PCBSXGLBM?NPCQQŽMN?PAG?JBC".LMQ?LESC QQGK OS?LBM?AMKNCRGŽMAMKC?CML?B?BMPNPCLBCMDšJCEM
    BSP?LRC?BGQNSR? JCT?K?GQRCKNMN?P??NPCQQŽMBC".LMQ?LESC?SKCLR?P?NMLRMBCMCQR”KSJMA?SQ?BMNCJMQ
    OSGKGMPPCACNRMPCQDMP?PML?B?BMP?PCQNGP?P FGNCPTCLRGJ?ŽMTMJSLRŠPG?LMPK?JKCLRCDCGR?NMPL?B?BMPCQBC
    NPMT?QASPR?QBCCQRGJMJGTPC-CQQCQCTCLRMQ QCKNPCOSCML?B?BMPTGP?QS?A?@C?CKMTGKCLR?JGECGP?KCLRCQCS
    AMPNMN?P?MJ?BMN?P?PCQNGP?P ?​ŠPC?QSNCP¤AG?JBCQCSAMPNMCVNMQR?ŠES?CKBGPCŽM?MKMTGKCLRM?SKCLR?
    (QQM?SKCLR??PCQGQR‘LAG?C?RP?Q?ML?B?BMP$QR??P?XŽMNMPOSCCJCQOSCPCKPCQNGP?P?KCLMPOS?LRGB?BCBC
    TCXCQNMQQ”TCJBSP?LRC?NPMT?C?FGNCPTCLRGJ?ŽMTMJSLRŠPG?NCPKGRCOSCCJCQD??KGQQM

    &FEC2D:?7@C>2w‚6D?6FC2:D
    .SRP?Q GLDMPK?CQ LCSP?GQ R?K@K ?DCR?K ? TCLRGJ?ŽM NSJKML?P .Q NSJKCQ AMLR‘K PCACNRMPCQ BC CQRGP?KCLRM
    QM@PCRSBMLMQ@PMLOS”​MJMQ OSC ?MQCPCKCQRGKSJ?BMQ NMBCKGLRCPPMKNCP?CVNGP?ŽM JGKGR?LBMMTMJSKCGLQNGP?R™PGM
    ¤L?J BMQ NSJKCQ .Q ​KžQASJMQ GLQNGP?R™PGMQ  GLAJSGLBM M BG?DP?EK? C MQ ​KžQASJMQ ?@BMKGL?GQ  R?K@K AMLR‘K
    PCACNRMPCQ BC CQRGP?KCLRM C PCACNRMPCQ OSC BCRCAR?K ?Q KSB?L?Q KCR?@™JGA?Q BCLRPM BCQQCQ ​KžQASJMQ #C KMBM
    QCKCJF?LRC  M ​KžQASJM CQOSCJRGAM DSQMQ ​KSQASJ?​PCQ C ™PEŽMQ RCLBGLMQMQ BC &MJEG TCP "?N”RSJM   AMLR‘K
    NPMNPGMACNRMPCQ C OSGKGMPPCACNRMPCQ QCLQ”TCGQ ? KSB?L?Q L? NMQGŽM AMPNMP?J C NMRŠQQGM  PCQNCARGT?KCLRC ?Q
    AMLACLRP?CQBCNMRŠQQGM​KSQASJ?​PCQ?SKCLR?KBSP?LRCMCVCPA”AGM @CKAMKM?QAMLACLRP?CQBMQ”M​LQFGBPME‘LGM Q
    ?P​RGASJ?CQAMLR‘KNPMNPGMACNRMPCQQCLQ”TCGQNPCQQŽM CQRGKSJ?ŽMBCOS?JOSCPSKBCQQCQPCACNRMPCQ?DCR??TCLRGJ?ŽM
    NSJKML?P /MP CVCKNJM  ? AMLACLRP?ŽM ?SKCLR?B? BMQ ”M​LQ FGBPME‘LGM BCLRPM BM ​KžQASJM C M KMTGKCLRM K?GMP BM ​
    KžQASJMCJCT?K?TCLRGJ?ŽMNSJKML?P BGAGML?JKCLRC ??RGTGB?BCLCSP?JLMA™PRCVKMRMPNMBCCQRGKSJ?PSK?SKCLRM
    B? TCLRGJ?ŽM NSJKML?P  TCLRGJ?ŽM NSJKML?P ?SKCLR?B? ?LRCQ BM GL”AGM BC SK CVCPA”AGM  LMPK?JKCLRC ?RPG@S”​B? 
    ?RGTGB?BC?SKCLR?B?BMA™PRCVKMRMP QQGK KSGRMQRGNMQBCGLDMPK?ŽM?DCR?K?TCLRGJ?ŽMNSJKML?PC?RPMA?E?QMQ?BC
    KMBMOSC?QLCACQQGB?BCQAMPNMP?GQQCH?K?RCLBGB?QLMPCNMSQMCBSP?LRCMCVCPA”AGM.AMLRPMJCB?TCLRGJ?ŽMNSJKML?P
    BSP?LRCMCVCPA”AGMCVNJMP?BML?NP™VGK?QCŽM
    ! 

    %D 46?EC@D C6DA:C2EC:@D 4@?EC@=2> :?G@=F?E2C:2>6?E6 2 C6DA:C2wv@ 6 6DEv@ =@42=:J25@D ?@ 3F=3@ 6 ?2 A@?E6  ​sC62D 5@ EC@?4@
    6?467s=:4@
    %D 46?EC@D C6DA:C2EC:@D AC@5FJ6> @ A25Cv@ C{E>:4@ 56 :?DA:C2wv@ 6 56 6IA:C2wv@ BF6 x >@5:L425@ A@C :?7@C>2w‚6D 5@D 46?EC@D
    46C63C2:DDFA6C:@C6D652A6C:76C:2
    %DBF:>:@CC646AE@C6D46?EC2:D6DEv@=@42=:J25@D?@3F=3@6Dv@6DA64:2=>6?E6D6?D{G6:D2>F52?w2D?224:56J
    %D BF:>:@CC646AE@C6D 46?EC2:D 5@D 8=@>@D 2​CE:4@ 6 42CE:4@ Dv@ D6?D{G6:D 2 >F52?w2D ?2 24:56J 5@ D2?8F6 u &%  ?EC6E2?E@
    2A6?2D@D8=@>@D42CE:4@DDv@D6?D{G6:D2>F52?w2D?2&%
    (646AE@C6D 56 6DE:C2>6?E@ ?@ 5:27C28>2 6 ?@D ​>ƒD4F=@D 235@>:?2:D 36> 4@>@ @D BF:>:@CC646AE@C6D ?@ ​>ƒD4F=@ 6DBF6=xE:4@
    E2>3x>276E2>2G6?E:=2wv@AF=>@?2C

    548C>B3>4G4A2w28>=0E4=C8;0sr>?D;<>=0A

    #SP?LRCMCVCPA”AGM ?RPMA?E?QMQ?A?NGJ?PLMQ?JTM​JMQCLMRCAGBM​KSQASJ?PCJCT?N?P??JA?L?P?QBCK?LB?Q?SKCLR?B?Q
    BC DMPLCAGKCLRM BC MVGE‘LGM C BC PCKMŽM BM BG™​VGBM BC A?P@MLM /?P? CJCT?P ? RPMA? E?QMQ? A?NGJ?P  ? TCLRGJ?ŽM
    NSJKML?P ?SKCLR? QM@ M AMLRPMJC BC RMBMQ MQ D?RMPCQ KCLAGML?BMQ ?LRCPGMPKCLRC /?P? ?SKCLR?P ? RPMA? E?QMQ? LMQ
    ?JTM​JMQCLMRCAGBM?RGTM M¥SVMBCQ?LESCLMQJCGRMQA?NGJ?PCQBMQ?JTM gMQCBMQRCAGBMQBCTC?SKCLR?PR?K@K/?P?
    OSCM¥SVMQ?LES”i CM?SKCLRC BCTCK?AMLRCACPD?RMPCQPCJ?AGML?BMQAMKMQGQRCK?AGPASJ?R™PGM AMKMB@GRMA?PB”?^M
    ?SKCLR?BM C PCBGQRPG@SGŽM BM Q?LESC N?P? DMP? BM RCAGBM GL?RGTM C L? BGPCŽM BM RCAGBM ?RGTM TCP "?N”RSJM   QQGK
    CK@MP? QCH?K BGQASRGBMQ MQ CDCGRMQ BM CVCPA”AGM L? TCLRGJ?ŽM NSJKML?P  BCTC QCP AMKNPCCLBGBM OSC  N?P? OSC ? RPMA?
    E?QMQ? ?SKCLR?B? MAMPP?  M ¥SVM Q?LES”i CM ?SKCLR?BM BCTGBM ?MQ CDCGRMQ ?ESBMQ BM CVCPA”AGM LM QGQRCK? AGPASJ?R™PGM
    R?K@KRCKBCMAMPPCP

    I6C4{4:@DF3>sI:>@6G6?E:=2wv@AF=>@?2C
    $K@MP? MSRPMQ D?RMPCQ CQRCH?K CLTMJTGBMQ BSP?LRC ?Q QGRS?CQ BC PCNMSQM  ? TCLRGJ?ŽM NSJKML?P  PCESJ?B?
    NPGLAGN?JKCLRC NCJ? /". NJ?QKŠRGA? /MPK  BSP?LRC M CVCPA”AGM  LŽM CQRŽM AJ?PMQ OS?GQ D?RMPCQ OSC AMLRPMJ?K ?
    TCLRGJ?ŽM NSJKML?P CVCPACK ? K?GMP GL​¥S‘L^G? #GRM GQQM  DMG KMQRP?BM OSC  BSP?LRC M CVCPA”AGM QS@KŠVGKM  ? /".
    NJ?QKŠRGA?  ?JR?KCLRC PCESJ?B?  QSECPGLBM OSC CQQC  SK D?RMP NPGLAGN?J LM AMLRPMJC B? TCLRGJ?ŽM NSJKML?P  AMK MQ
    MSRPMQD?RMPCQPC?​JG​X?LBMMAMLRPMJC¤LMB?TCLRGJ?ŽMNSJKML?PN?P?Q?RGQD?XCP?QLCACQQGB?BCQBMCVCPA”AGM$LRPCR?LRM M
    EP?LBC AMLRPMJC B? /". CQRŠ NPMT?TCJKCLRC PCJ?AGML?BM AMK M CDCGRM B? ?AGBCX ?SKCLR?B? PC?ŽM BM @GA?P@ML?RM
    A?SQ?B?NCJ?/".NJ?QKŠRGA??SKCLR?B?CLŽMNCJMAMLRPMJCB?NP™NPG?/".
    /?PCACK CVGQRGP  D?QCQ BC AMLRPMJC B? TCLRGJ?ŽM NSJKML?P N?P? ?SKCLR?P ? TCLRGJ?ŽM ?JTCMJ?P BSP?LRC M CVCPA”AGM
    QS@KŠVGKM -M GL”AGM BM CVCPA”AGM  MS KCQKM JMEM ?LRCQ BM GL”AGM BM CVCPA”AGM  ? TCLRGJ?ŽM NSJKML?P ?SKCLR? NMP
    A?SQ? BMQ CDCGRMQ B? ?RGTGB?BC BM A™PRCV KMRMP LMQ ACLRPMQ PCQNGP?R™PGMQ (QQM  AMK@GL?BM AMK ? PCRPM?JGKCLR?ŽM BMQ
    NPMNPGMACNRMPCQLMQ​KžQASJMQ?RGTMQLMGL”AGMBMCVCPA”AGM A?SQ??SKCLRM?@PSNRML?TCLRGJ?ŽM$QQC?SKCLRM?@PSNRM
    LMGL”AGMBMCVCPA”AGM?D?QCBMAMLRPMJCTCLRGJ?R™PGM%GESP?  N™QSKNJ?RšASPRMBCACPA?BCQCESLBMQ ?
    TCLRGJ?ŽMNSJKML?PCLRŽM?SKCLR?OS?QCCVNMLCLAG?JKCLRCN?P??JA?L?PML”TCJCQR?AGMLŠPGM?GLRCLQGB?BCBCCVCPA”AGM
    CK OSC ? K?GMP N?PRC B?Q BCK?LB?Q KCR?@™JGA?Q QŽM QSNPGB?Q NCJM KCR?@MJGQKM ?CP™@GM  $QQC ?SKCLRM PŠNGBM B?
    TCLRGJ?ŽMNSJKML?P?D?QC CNPMTMA?B?NCJMCDCGRMAML​RG​LS?BMB??RGTGB?BCBMA™PRCVKMRMP B?PCRPM?JGKCLR?ŽMBM
    KžQASJM?RGTMCB?PCRPM?JGKCLR?ŽMBMQOSGKGMPPCACNRMPCQNCPGDPGAMQ-?D?QC ?D?QC¤L?JBMAMLRPMJCB?TCLRGJ?ŽM
    NSJKML?P  MAMPPC M ?HSQRC ¤LM B? TCLRGJ?ŽM NSJKML?P BSP?LRC ? D?QC CQR?AGMLŠPG? NMP A?SQ? B? PCRPM?JGKCLR?ŽM BMQ
    OSGKGMPPCACNRMPCQ ACLRP?GQ C NCPGDPGAMQ BC KMBM OSC ? TCLRGJ?ŽM NSJKML?P QCH? ?BCOS?B? Q BCK?LB?Q BM CVCPA”AGM
    QS@KŠVGKM  RCKNCP?RSP? AMPNMP?J ?SKCLR?B? R?K@K NMBC RCP SK CDCGRM NCOSCLM L? TCLRGJ?ŽM NSJKML?P  CVACRM
    BSP?LRC?FGNCPRCPKG?CVRPCK?
    "MK M ¤K BM CVCPA”AGM  FŠ SK? OSCB? PŠNGB? L? TCLRGJ?ŽM NSJKML?P NMP A?SQ? B? PCKMŽM B? PCRPM?JGKCLR?ŽM B?
    ?RGTGB?BCBMA™PRCVKMRMPCBMQNPMNPGMACNRMPCQLM​KžQASJM?RGTM$QQ?OSCB?PŠNGB?QCESGB?NMPSKPCRMPLMK?GQJCLRM
    N?P? ? TCLRGJ?ŽM NSJKML?P BC PCNMSQM  AMLDMPKC ?AMLRCAC ? PCASNC​P?ŽM BM CQRPCQQC KCR?@™JGAM BM CVCPA”AGM TCP LM
    "?N”RSJM?QCŽMY"MLQSKMBCMVGE‘LGM?N™QMCVCPA”AGM^ 
    86DA0 $>8=w28>3>4G4A2w28>0E4=C8;0sr>?D;<>=0A0D<4=C0?0A0B0C8B50H4A0B=424BB83034B3>2>A?>
    %†@;M?M>?GO>;H‹;M>;P?HNCF;‹ŠIJOFGIH;L>?M>?ICH=CI>?OG;M?MMŠI>??R?L==CI;NŒIM?OVG

    I6C4{4:@BF2D6>sI:>@6G6?E:=2wv@AF=>@?2C
    "MLDMPKC ? GLRCLQGB?BC BM CVCPA”AGM ?SKCLR? BM BCQA?LQM ?R GLRCLQGB?BCQ KŠVGK?Q MS QS@KŠVGK?Q  ? TCLRGJ?ŽM
    NSJKML?PN?QQ?NCJ?QD?QCQBCQAPGR?Q?LRCPGMPKCLRC$LRPCR?LRM BSP?LRCMCVCPA”AGMNCQ?BMCLRPCACPA?BC?BM
    NGAM BC AMLQSKM BC MVGE‘LGM  FŠ SK? CJCT?ŽM BCQNPMNMPAGML?J M GL​BG​T”​BSM TCLRGJ? K?GQ ?P N?P? AMLQCESGP  l BC
    MVGE‘LGM CKPCJ?ŽM?M?SKCLRMB?GLRCLQGB?BCBMCVCPA”AGM.NPGLAGN?JD?RMPLMPK?JKCLRCSRGJGX?BMM?SKCLRMBM
    J?AR?RM NJ?QKŠRGAM B? AMLACLRP?ŽM BC '  ?AGBCX ?SKCLR?B? MS N' BGKGLS”​BM  NMPOSC ? GLRCLQGB?BC BM CVCPA”AGM CQRŠ
    ?AGK?BMJGKG?PBMJ?AR?RMTCP"?N”RSJM  CJCT?ŽML?AMLACLRP?ŽMBC' CQRGKSJ?MQOSGKGMPPCACNRMPCQNCPGDPGAMQ?
    ?SKCLR?P?TCLRGJ?ŽMNSJKML?P+CK@PC QCBCOSC?KCK@P?L?BMQA?NGJ?PCQBMQT?QMQQ?LES”​LCMQACPC@P?GQNCPKCŠ​TCJ
    ?M '  K?Q LŽM CK EP?LBC KCBGB? TCP QCŽM Y0SGKGMPPCACNRMPCQ ACLRP?GQ^  ?LRCPGMPKCLRC  BC KMBM OSC MQ
    OSGKGMPPCACNRMPCQACLRP?GQPCQNMLBCKK?GQBCT?E?POSCMQOSGKGMPPCACNRMPCQNCPGDPGAMQ?KSB?L?QL?AMLACLRP?ŽMBC
    '  ?AGBCX?SKCLR?B?SKD?RMPOSCAMLRPG@SGN?P?M?SKCLRMBCQNPMNMPAGML?JL?TCLRGJ?ŽMNSJKML?PCKK?GMPCQ
    A?PE?QBCRP?@?JFM$LRPCR?LRM CVGQRCKMSRPMQOSCAMLRPG@SCKN?P?M?SKCLRMBCQNPMNMPAGML?JB?TCLRGJ?ŽMNSJKML?P
    CKA?PE?QBCRP?@?JFMNP™VGK?Q?MKŠVGKM.QL”TCGQ?SKCLR?BMQBCLMP?BPCL?JGL?SKFMPKšLGM?QQMAG?BMPCQNMQR?BC
    JSR? MS DSE? C  KM@GJGX?ŽM B?Q PCQCPT?Q CLCPERGA?Q  C MQ L”TCGQ BC NMRŠQQGM ?SKCLR?BMQ LM NJ?QK? NPMT?TCJKCLRC
    R?K@KAMLRPG@SCKN?P??TCLRGJ?ŽMNSJKML?P?SKCLR?B?#?KCQK?K?LCGP? ?RCKNCP?RSP?AMPNMP?JCJCT?B?R?K@K
    NMBC?SKCLR?P?TCLRGJ?ŽMNSJKML?P QQGK CK@MP?CQQC?SKCLRMBCQNPMNMPAGML?JCKA?PE?QBCRP?@?JFMQS@KŠVGK?Q
    CQRCH??QQMAG?BM?M?SKCLRMBC?AGBCX MSRPMQD?RMPCQR?K@K?DCR?K?TCLRGJ?ŽMNSJKML?P ?QQMAG?ŽMCLRPC??AGBCX
    ?SKCLR?B?CMJGKG?PBCJ?AR?RMJCTMS?MSQMBCQQC?SKCLRMBCQNPMNMPAGML?JB?TCLRGJ?ŽMNSJKML?PAMKMSKKRMBMBC
    CQRGK?PMJGKG?PBCJ?AR?RMBCKMBMLŽMGLT?QGTM OSCQCPŠCVNJMP?BML?QNP™VGK?QQCCQ

    ! 

    \6@2;F52>22F>6?E2C@7@C?64:>6?E@56@I:8y?:@62C6>@wv@56
    %5x3:E@42C5{2​4@2F>6?E25@62C65:DEC:3F:wv@5@MFI@D2?8F{
    5:​I:5@5642C3@?@5@E64:5@2E:G@5FC2?E6@6I6C4{4:@
    $@C6A@FD@2AC6DDv@A2C4:2=5@5:​I:5@5642C3@?@?@D2?8F6x4@?EC@=252C:8@C@D2>6?E66DD2C68F=2wv@AC@G2G6=>6?E6D656G6
    uD2=E6C2w‚6D?2D4@?46?EC2w‚6D566>@A@D:wv@uAC6DDv@A2C4:2=565:​I:5@5642C3@?@
     G6?E:=2wv@ E6>  72D6D 5FC2?E6 @ EC232=9@ DF3>sI:>@ 72D6  56 G6?E:=2wv@ 2F>6?E252 56G:5@ 2 :?7@C>2w‚6D 5@D 46?EC@D
    46C63C2:D DFA6C:@C6D 72D6  56 G6?E:=2wv@ 2F>6?E252 A@C 42FD2 5@ 676:E@ 4@?E{?F@ 52 2E:G:5256 5@ 4CE6I >@E@C 6 52
    C6EC@2=:>6?E2wv@5@D​>ƒD4F=@D2E:G@D65@DBF:>:@CC646AE@C6DA6C:7xC:4@D672D6 5@A=2E€52G6?E:=2wv@AC65@>:?2?E6>6?E6A@C
    42FD252D:?7@C>2w‚6D5@DBF:>:@CC646AE@C6DA6C:7xC:4@D646?EC2:D
    4:>25646C4256
    2
    5@A:4@564@?DF>@56@I:8y?:@9sF>2F>6?E@56DAC@A@C4:@?2=52G6?E:=2wv@A@C42FD25224:56J
    2F>6?E25236>4@>@A@C@FEC@D72E@C6D

    ,4=C8;0sr>4BCo0BB>280300><4C01>;8B<>

    +CK@PC QCBCOSCMAMLQSKMBCMVGE‘LGMRCKSK?PCJ?ŽMJGLC?PAMK?A?PE?BCRP?@?JFMMS?GLRCLQGB?BCBMCVCPA”AGM
    TCP "?N”RSJM   /MP A?SQ? BM AMLRPMJC B? TCLRGJ?ŽM NSJKML?P  AMKM BGQASRGBM ?LRCPGMPKCLRC  NMBC QC QSNMP OSC ?
    TCLRGJ?ŽM NSJKML?P R?K@K RCK SK? PCJ?ŽM JGLC?P AMK ? A?PE? BC RP?@?JFM $K@MP? ? TCLRGJ?ŽM NSJKML?P QCH?
    AMLRPMJ?B? CK EP?LBC N?PRC NCJ? /".  /. C NCJ? AMLACLRP?ŽM BC '  RMB?Q CJ?Q PCJ?AGML?B?Q AMK M KCR?@MJGQKM  ?
    PCJ?ŽMCLRPCQS?PCESJ?ŽMC?A?PE?BCRP?@?JFMMSMAMLQSKMBCMVGE‘LGMLŽMAMKNJCR?KCLRCJGLC?P-?QNP™VGK?Q
    QCCQ ?PCJ?ŽMCLRPC?TCLRGJ?ŽMNSJKML?P MAMLQSKMBCMVGE‘LGMC?CVNGP?ŽMBCBG™​VGBMBCA?P@MLMQCPŠCVNJMP?B?

    BF:G2=6?E6DC6DA:C2EC:@D
    . 5AE9F1<5>D5 F5>D9<1DsB9? 45 ?H97m>9?  ? PCJ?ŽM CLRPC ? TCLRGJ?ŽM NSJKML?P 5\$  C MVGE‘LGM 5.  MS 5\$5.
    (ES?JKCLRC M5AE9F1<5>D5B5C@9B1DsB9?4549s​H94?4531B2?>??P?XŽMCLRPC?TCLRGJ?ŽMNSJKML?P5$ CMBG™​VGBM
    BCA?P@MLM5\". MS5\$5\"..COSGT?JCLRCPCQNGP?R™PGMGLBGA??OS?LRGB?BCBC?PTCLRGJ?BM5\$ LCACQQŠPGMN?P?
    M@RCP  l BC MVGE‘LGM MS CVNGP?P  l BC BG™​VGBM BC A?P@MLM -M PCNMSQM  5\$5. CK ?BSJRMQ Q?SBŠTCGQ  BC
    ?NPMVGK?B?KCLRC QGELG¤A?LBMOSClBC?PQŽMTCLRGJ?BMQN?P?M@RCPlBCMVGE‘LGM)ŠLMPCNMSQM5\$5\".CK
    ?BSJRMQQ?SBŠTCGQEGP?CKRMPLMBC QGELG¤A?LBMOSClBC?PQŽMTCLRGJ?BMQN?P?CVNGP?PlBCBG™​VGBMBCA?P@MLM
    .Q COSGT?JCLRCQ PCQNGP?R™PGMQ NMBCK QCP SRGJGX?BMQ N?P? CQRGK?P M JGKG?P BC J?AR?RM C GLBGA?P MQ D?RMPCQ OSC ?HSB?K ?
    AMLRPMJ?P?TCLRGJ?ŽMNSJKML?P

    #:>:2CG6?E:=2EC:@
    .<9=91BF5>D9<1DsB9?",QCPCDCPCRALGA?BCSRGJGX?P5\$5.C5\$5\".N?P?CQRGK?PMJGKG?PBCJ?AR?RM2CH?SK
    GL​BG​T”​BSM LŽM RPCGL?BM MS SK ?RJCR? BC ,5+<9(5*, RPCGL?BM  ? PCQNMQR? GLGAG?J ?M ?SKCLRM B? A?PE? BC RP?@?JFM  SK?
    BGKGLSGŽM R?LRM CK 5\$5. OS?LRM CK 5\$5\". %GESP?   "MLDMPKC ? A?PE? BC RP?@?JFM ?SKCLR?  5\$5.
    R?K@KAMKC???SKCLR?P$QQC?SKCLRMMAMPPCCKSK?A?PE?BCRP?@?JFMBCACPA?BC?BMNGAMBCAMLQSKMBC
    MVGE‘LGM5.NGAM CKGL​BG​T”​BSMQLŽMRPCGL?BMQCCKGLRCLQGB?BCQK?GMPCQBCCVCPA”AGMCK?RJCR?QBC,5+<9(5*,RPCGL?BMQ
    +CK@PC QCBCOSC?NPMVGK?B?KCLRC?B?5.NGAMTCP"?N”RSJM CKGL​BG​T”​BSMQLŽMRPCGL?BMQ?GLRCLQGB?BCCK
    OSC MAMPPC M JGKG?P BC J?AR?RM  CLOS?LRM CK ?RJCR?Q BC ,5+<9(5*, RPCGL?BMQ  M JGKG?P BC J?AR?RM MAMPPC CK NMPACLR?ECLQ
    K?GMPCQB?5.NGAM#CNMGQB?BGKGLSGŽMGLGAG?JBC5\$5\". CJ?NCPK?LCACPCJ?RGT?KCLRCAMLQR?LRCAMKM?SKCLRMB?
    A?PE? BC RP?@?JFM  K?Q R?K@K ?SKCLR? CTCLRS?JKCLRC "MKM CQQCQ BGDCPCLRCQ N?BPCQ BC ?JRCP?CQ BMQ COSGT?JCLRCQ
    PCQNGP?R™PGMQNMBCKGLBGA?PMJGKG?PBCJ?AR?RM
    86DA0    34C42sr> 3> ;8<80A E4=C8;0C{A8> ", 4 3> ?>=C> 34 2><?4=B0sr> A4B?8A0C{A80 &( Br>
    <>BCA03>B DC8;8H0=3> >B 4@D8E0;4=C4B A4B?8A0C{A8>B 34 >G86u=8> 4 34 38{​G83> 34 20A1>=>  3?L N?RNI J;L; ;
    ?RJFC=;‹ŠIMI<L?IM?KOCP;F?HN?ML?MJCL;N•LCIM>?IRCAHCI3Y" 3,?>?>C•​RC>I>?=;L<IHI3Y" 3Y , ,>;>IŒ>?
    OGNLC;NF?N;>?;HIM>?C>;>?=IGOG3Y,JC=I>?
    GlYEAYGCHX
    P?HNCF;‹ŠIJOFGIH;LG†RCG;>?
    lYGCHX
    ?@L?​KOH=C;=;L>;​=;G†RCG;>?<;NCG?HNIMJILM?AOH>IHI=C=FCMGI ,M>;>IMMŠI=ILN?MC;>IF;<IL;N•LCI>?
     )O=C;
    "OLIJ?;H2HCP?LMCNSI@*;>LC>
    *;>LC
    "MJ;HB; 

    /PGKCGP?KCLRC JCK@PC QCBCOSC?T?​PGŠ​TCJK?GQGKNMPR?LRCN?P?MAMLRPMJCB?TCLRGJ?ŽM?/".NJ?QKŠRGA?(QQM


    GLBGA?BM NCJ? 5\$5\". PCJ?RGT?KCLRC CQRŠTCJ ?N™Q QS? BGKGLSGŽM GLGAG?J AMK M ?SKCLRM B? A?PE? BC RP?@?JFM (QQM
    QGELG¤A?OSCTMA‘CQRŠTCLRGJ?LBM?KCQK?OS?LRGB?BCBC?PN?P?CVNGP?PlBCBG™​VGBMBCA?P@MLM KCQKMOSCK?GQBG™​
    VGBM BC A?P@MLM CQRCH? QCLBM NPMBSXGBM NCJM MPE?LGQKM AMLDMPKC ? A?PE? BC RP?@?JFM ?SKCLR? #? KCQK? K?LCGP?
    5\$5.  ?N™Q ? BGKGLSGŽM GLGAG?J AMK M ?SKCLRM B? A?PE? BC RP?@?JFM  NCPK?LCAC CQRŠTCJ NMP ?NCL?Q SK NCOSCLM
    ?SKCLRML?A?PE?BCRP?@?JFM CCLRŽM?SKCLR? CQR?@GJGB?BCBC5\$5\".BSP?LRCSK?SKCLRMPCJ?RGT?KCLRCEP?LBC
    B?A?PE?BCRP?@?JFMC?GLQR?@GJGB?BCPCJ?RGT?BC5\$5.AMKM?SKCLRMB?GLRCLQGB?BCGLBGA?KOSC?/".NJ?QKŠRGA?
    K?GQGKNMPR?LRCOSC?/.NJ?QKŠRGA?N?P?MAMLRPMJCB?TCLRGJ?ŽM
    .+5BC¤LGBMAMKM?A?PE?BCRP?@?JFMCKOSCFŠ?SKCLRML?5\$5.CLŽMFŠKSB?L?QL?5\$5\".%GESP?
       BC¤LGŽM BC +5 R?K@K NMBC GLAJSGP ?SKCLRM L? NPCQQŽM N?PAG?J BC MVGE‘LGM AMPPCLRC ¤L?J LM ¤K B?
    CVNGP?ŽM  . ?SKCLRM BC 5\$5. QCK ?JRCP?ŽM CK 5\$5\". CQRŠ PCJ?AGML?BM AMK ?Q KSB?L?Q KCR?@™JGA?Q OSC
    ?AMLRCACKBSP?LRCMS?N™Q?A?PE?BCRP?@?JFMCKOSCMJGKG?PBCJ?AR?RMMAMPPC
    4K?TCXSJRP?N?QQ?B??GLRCLQGB?BCL?OS?JMJGKG?PBCJ?AR?RMMAMPPC ??AGBCXNJ?QKŠRGA?AMKC???SKCLR?PNMPA?SQ?
    B? K?GMP BCNCLB‘LAG? B?Q DMLRCQ CLCPERGA?Q ?L?CP™@G?Q  OSC NMBCK NPMBSXGP OS?LRGB?BCQ QGELG¤A?RGT?Q BC 3/ ?NCL?Q
    NMPNCP”M​BMQASPRMQBCRCKNM.PCQSJR?BM??JRCP?ŽMLM@?J?LMCLRPC?QLCACQQGB?BCQBC 3/C?NPMBSŽMBC 3/
    ?SKCLR?LBM?AMLACLRP?ŽMNJ?QKŠRGA?C​KSQASJ?PBC' TCP"?N”RSJM  JKBGQQM MŠAGBMJŠARGAMNPMBSXGBMCKP?XŽM
    B? BCNCLB‘LAG? B? EJGA™JGQC ?L?CP™@G?  R?KNML?BM NCJM @GA?P@ML?RM BC Q™BGM  PCQSJR?LBM CK NPMBSŽM BC BG™​VGBM BC
    A?P@MLM OSCLŽMNPMBSXGBMNCJMKCR?@MJGQKM?L?CP™@GM
    pAGBMJŠARGAM -?'".@GA?P@ML?RMBCQ™BGM $+?AR?RMBCQ™BGM '".ŠAGBMA?P@šLGAM $'. ".
    .BG™​VGBMBCA?P@MLMNPMBSXGBMNCJMR?KNML?KCLRMBMŠAGBMJŠARGAMCBM' ECP?BMNCJ??JRCP?ŽMLM@?J?LMCLRPC?Q
    LCACQQGB?BCQ BC 3/ C QS? NPMBSŽM CQRGKSJ?K MQ OSGKGMPPCACNRMPCQ NCPGDPGAMQ  PCQSJR?LBM CK 5\$ ?SKCLR?BM
    $LRPCR?LRM AMKM?/".AMLRPMJ??TCLRGJ?ŽMNSJKML?PCKEP?LBCKCBGB? 5\$NCPK?LCACCKSK?P?XŽMAMLQR?LRCAMK
    5\".5\$5\".CQRŠTCJBSP?LRCM?SKCLRMBCA?PE?#?KCQK?K?LCGP? AMKM?/.AMLRPMJ??TCLRGJ?ŽMNSJKML?P
    CK KCLMP EP?S  5\$ LŽM NCPK?LCAC AMKM SK? P?XŽM AMLQR?LRC AMK 5. MS 5\$5. AMK M ?SKCLRM B? GLRCLQGB?BC
    $K@MP?SK?KCR? ?LŠJGQCGLBGOSCOSCM+5NMQQ?QCPSRGJGX?BMN?P?CQRGK?PMJGKG?PBCJ?AR?RM RCLR?RGT?QBC?QQMAG?P
    DMPRCKCLRC?QKSB?L?QKCR?@™JGA?QLMJGKG?PBCJ?AR?RM?M+5LŽMDMP?KAMLAJSQGT?Q/MPK KSB?L?QLMQCOSGT?JCLRCQ
    PCQNGP?R™PGMQNMBCKQCPSQ?B?QN?P?CQRGK?PMJGKG?PBCJ?AR?RM

    ! 

    G6?E:=2wv@x4@?EC@=2526>A2CE6A6=2AC6DDv@A2C4:2=5@5:​I:5@5642C3@?@6A6=2AC6DDv@A2C4:2=56@I:8y?:@624:56J6E@52D
    6DEv@C6=24:@?252D4@>@>6E23@=:D>@@>@C6DF=E25@2G6?E:=2wv@?v@D6C6=24:@?2A6C76:E2>6?E64@>@4@?DF>@56@I:8y?:@
    @>@@6BF:G2=6?E6G6?E:=2EC:@565:​I:5@5642C3@?@xF>?ƒ>6C@C6=2E:G2>6?E66DEsG6=4@>@2F>6?E@5242C8256EC232=9@:DD@
    :?5:42BF62AC6DDv@A2C4:2=565:​I:5@5642C3@?@x@AC:?4:A2=72E@CA2C2@4@?EC@=652G6?E:=2wv@
    @>@@6BF:G2=6?E6G6?E:=2EC:@56@I:8y?:@xF>?ƒ>6C@>6?@D6DEsG6=4@>@2F>6?E@5242C8256EC232=9@5@BF6@6BF:G2=6?E6
    G6?E:=2EC:@565:​I:5@5642C3@?@:DD@:?5:42BF62AC6DDv@A2C4:2=56@I:8y?:@6I6C46>6?@D4@?EC@=6D@3C62G6?E:=2wv@5@BF62
    AC6DDv@A2C4:2=565:​I:5@5642C3@?@
    #F52?w2D ?@ 6BF:G2=6?E6 G6?E:=2EC:@ 56 5:​I:5@ 56 42C3@?@ 6 ?@ 6BF:G2=6?E6 G6?E:=2EC:@ 56 @I:8y?:@ A@56> D6C FE:=:J252D A2C2
    56E6C>:?2C@=:>:2CG6?E:=2EC:@F>26DE:>2E:G2:?5:C6E25@=:>:2C56=24E2E@

    '@?E@564@>A6?D2wv@C6DA:C2EC:2
    2C DMPCK PC?​JG​X?BMQ RP?@?JFMQ BC GLRCLQGB?BC K?GMP BM OSC M NMLRM CK OSC M +5 MAMPPC  FŠ KSB?L? LMQ COSGT?JCLRCQ
    PCQNGP?R™PGMQ . @?>D? 45 3?=@5>C1kj? B5C@9B1DsB91 &(  BC¤LGBM AMKM ? GLRCLQGB?BC BC RP?@?JFM CK OSC R?LRM
    5\$5.OS?LRM5\$5\".KMQRP?K?SKCLRM BC¤LGŽMBM/"1R?K@KNMBCGLAJSGPBGKGLSGŽML?NPCQQŽMN?PAG?J
    BCMVGE‘LGMAMPPCLRC¤L?J$QQ?QKSB?L?QGLBGA?KSKBCQ?AMNJ?KCLRMBMAMLRPMJCB?TCLRGJ?ŽMNSJKML?PA?SQ?BMNCJ?
    /".NJ?QKŠRGA?CNMBCKQCPNPMTMA?B?QNCJ??AGBCX?SKCLR?B?CLAMLRP?B?LCQQ?QEP?LBCQA?PE?QBCRP?@?JFM
    .+5CM/"1NMBCKQCPSQ?BMQN?P?APG?PXML?QBCRPCGL?KCLRMB?GLRCLQGB?BCBCCVCPA”AGM@?​QC?​B?QL?DPC​OS‘LAG?
    A?PB”?​A?  BC KMBM QCKCJF?LRC ?M SQM BM JGKG?P BC J?AR?RM C BC DPC​OS‘LAG? A?PB”?​A? N?P? CQRGK?P ? GLRCLQGB?BC BM
    CVCPA”AGM4K?XML?BCRPCGL?KCLRMBCYGLRCLQGB?BCJCTC^CQRŠ?@?GVMBM+5 OSC N?P??RJCR?QBC,5+<9(5*,RPCGL?BMQ QCPG?
    ?@?GVMBCACPA?BCBM5.NGAM4K?XML?BCRPCGL?KCLRMBCYGLRCLQGB?BCKMBCP?B?^CQRŠCLRPCM+5CM/"1 MS
    CLRPC ?NPMVGK?B?KCLRC  C  BM 5.NGAM N?P? ?RJCR?Q BC ,5+<9(5*, RPCGL?BMQ 4K? XML? BC RPCGL?KCLRM BC Y?JR?
    GLRCLQGB?BC^CQRŠ?AGK?BM/"1TCP!MVC Y4QMBMQN?P‹KCRPMQTCLRGJ?R™PGMQN?P?KCJFMP?PMBCQCKNCLFM^ 

    "8<8C4BE4=C8;0C{A8>B

    "MLDMPKC ? GLRCLQGB?BC BM CVCPA”AGM ?SKCLR?  R?K@K ?SKCLR? M 5\$ NMP A?SQ? BC SK? CJCT?ŽM R?LRM BM TMJSKC
    AMPPCLRCOS?LRMB?DPC​OS‘LAG?PCQNGP?R™PG?"MKGLRCLQGB?BCQ?JR?QBCCVCPA”AGM MTMJSKCAMPPCLRCRCLBC??JA?L?PSK
    NJ?Rš BC KMBM OSC ? žLGA? K?LCGP? BC ?SKCLR?P ?BGAGML?JKCLRC M 5\$  ?SKCLR?LBM ? DPC​OS‘LAG? PCQNGP?R™PG? #CQQC
    KMBM MRP?@?JFMB?TCLRGJ?ŽMGLRCLQG¤A?BM MOSC NMPQS?TCX PCQSJR?CKLCACQQGB?BCBCMVGE‘LGM?SKCLR?B?NCJMQ *
    KžQASJMQPCQNGP?R™PGMQ/?P??BSJRMQQ?SBŠTCGQLŽMRPCGL?BMQ MASQRMBCMVGE‘LGMB?TCLRGJ?ŽMBC?B?A?NR?ŽM
    RMR?JBCMVGE‘LGM5. BSP?LRCMCVCPA”AGMKMBCP?BMC?SKCLR?N?P??B?A?NR?ŽMRMR?JBCMVGE‘LGMLM5.NGAM
    QQGKAMKMCKMSRPMQ​KžQASJMQ AMLDMPKC?GLRCLQGB?BCBCCVCPA”AGM?SKCLR? MQ?LESCTCLMQMOSCBCGV?MQ​KžQASJMQ
    PCQNGP?R™PGMQ?NPCQCLR?BCQQ?RSP?ŽMBCMVGE‘LGM?SKCLR?B? GLBGA?LBM?SKCLRML?BGD? T.

    ,4&
      ;
    #;7,7;8):a5-<:7;>-6<14)<l:17;8):)5-407:):7,-;-58-607
    ?>B141B>5CD&8
    09,*;69?,9*0:,!,:;05.(9,
    3050*(3<;90;065"50;
    ,5505.;65064,+0*(3,:,(9*/,5;,9
    (;656<.,
    .AMLQSKMKŠVGKMBCMVGE‘LGM5. KŠV BCRCPKGL?BMBSP?LRCMQRCQRCQBCCVCPA”AGMCSKNPCBGRMPBMQSACQQM
    L? AMKNCRGŽM BSP?LRC CTCLRMQ OSC BCNCLB?K KSGRM B? A?N?AGB?BC A?PBGMT?QASJ?P $LRPCR?LRM  ?JESK?Q NCQQM?Q
    NMBCK?PESKCLR?POSCM5.KŠVQCPTC?NCL?QN?P?GBCLRG¤A?PML”TCJCKOSCM?RJCR?NMBCQCPA?N?XBCQCCVCPAGR?P
    BC K?LCGP? KŠVGK? /MP CVCKNJM  B?BM SK CQN?M PCJ?RGT?KCLRC NCOSCLM N?P? ?SKCLRM BM 5. KŠV   QCESPM
    ?¤PK?POSC OS?LBMRSBMMK?GQAMKC?GES?J SK?RJCR?AMKA?N?AGB?BC?CP™@G?KŠVGK?BC l\KGLZLŽMA?N?X
    BCE?LF?PBCSKGL​BG​T”​BSMAMK5.KŠVBC l\KGLZ
    (LBCNCLBCLRCKCLRCBML”TCJB?AMKNCRGŽM TŠPGMQ”LBGACQQS@KŠVGKMQ?QQMAG?BMQ?MQRCQRCQBCCVCPA”AGMR?K@K
    NMBCKQCPSRGJGX?BMQN?P??T?JG?P?KCJFMP?BCSK?RJCR?CQS?A?N?AGB?BCBCBCQCKNCLFM$JCQGLAJSCK??T?JG?ŽM
    B?QAMLACLRP?CQQ?LES”​LC?QBCŠAGBMJŠARGAMC??T?JG?ŽMBMJGKG?PTCLRGJ?R™PGM+5 CBMQNMLRMQBCAMKNCLQ?ŽM
    PCQNGP?R™PG?/"1  T?LR?ECKBC?T?JG?PMQžJRGKMQ”LBGACQOSCCJCQNMBCKDMPLCACPSK?K?LCGP?QCASLBŠPG?BC
    ?B?NR?P ?Q RP?LQGCQ BC NPMBSŽM C BC BCNSP?ŽM BC J?AR?RM  MDCPCACLBM ?M NPM¤QQGML?J GLDMPK?CQ ?GLB? K?GQ
    AMLAPCR?Q N?P? NPCQAPCTCP M RPCGL?KCLRM BC CVCPA”AGMQ C ?T?JG?P ?Q KSB?L?Q LM BCQCKNCLFM ?QQMAG?B?Q ?M
    RPCGL?KCLRM+5C/"1QŽMBGQASRGBMQCKK?GQBCR?JFCQ?BG?LRC
    AT CVCPA”AGMA?PBGMT?QASJ?P

    595->B1:@58-@k>5;
    .JGKG?PTCLRGJ?R™PGMAMPPCQNMLBC@CK?MAMLACGRMBCJGKG?PBCJ?AR?RMMS?SK?SKCLRML?AMLACLRP?ŽMQ?LES”​LC?
    BC ŠAGBM JŠARGAM K?GMP BM OSC  KKMJ\lZ ?AGK? BM PCNMSQM &CP?JKCLRC  GQQM EGP? CK RMPLM BC  K, BC J?AR?RM
    Q?LES”​LCML?K?GMPG?B?QNCQQM?Q,CWCPCAMJ?@MP?BMPCQBCLMKGL?P?KCQQCDCLšKCLMBCJGKG?PBCJ?AR?RM.+5
     M@RGBM SRGJGX?LBM M Y,RMBM B? GLAJGL?ŽM 5^  CK OSC M 5. l \KGLZ   NJMR?BM LM CGVM 7 BC SK EPŠ¤AM C M
    5\".NJMR?BMLMCGVM8.DCLšKCLMQS@H?ACLRC?M+5OSC CK?JESKNMLRMBSP?LRCM?SKCLRMB?A?PE?BC
    RP?@?JFMBCSKCVCPA”AGM M?SKCLRML?QAMLACLRP?CQQ?LES”​LC?QBCJ?AR?RMJCT??SK?SKCLRMBCQNPMNMPAGML?J
    BC ".  PCJ?AGML?BM AMK ? A?NR?ŽM BC MVGE‘LGM BCTGBM ?M R?KNML?KCLRM BM ?AžKS​JM BC NP™RML ?QQMAG?BM 
    BGQQMAG?ŽMBMJ?AR?RMNCJM@GA?P@ML?RM0S?LBMGQQMMAMPPC FŠSK?BC¥CVŽML?JGLF?M@RGB?NCJMKRMBMEPŠ¤AM
    ?LRCPGMP(QQMR?K@KNMBCQCPM@RGBMNCJMCV?KCBMM?SKCLRMBMCOSGT?JCLRCPCQNGP?R™PGMBC.5\$5. QCK
    SK?SKCLRMAMLAMKGR?LRCLMCOSGT?JCLRCPCQNGP?R™PGMBC".5\$5\". 

    #;:@;01/;9<1:?-ed;>1?<5>-@k>5-
    . NMLRM BC AMKNCLQ?ŽM PCQNGP?R™PG? AMPPCQNMLBC @CK ?M AMLACGRM BC JGKG?P ?L?CP™@GM  MS M GL”AGM BM ?AžKS​JM
    Q?LES”​LCMBCŠAGBMJŠARGAMvCQQCNMLRMOSCCQRŠ?QQMAG?BMDMPRCKCLRC?MPGRKMBCAMPPGB?BCIKCAGAJGQKMBC
     IK LM PGRKM AMLRP? M PCJ™EGM $JC R?K@K  žRGJ N?P? BCJGLC?P MQ GLRCPT?JMQ BMQ CQDMPMQ BC RPCGL?KCLRM .
    DCLšKCLMQS@H?ACLRCSK?AžKS​JMBCŠAGBMJŠARGAMGES?JMSK?GMP?KKMJ\lZ JCT?LBMGL?@GJGB?BCBCR?KNML?P
    M ŠAGBM JŠARGAM NCJM SQM BM QGQRCK? BC @GA?P@ML?RM #M NMLRM BC TGQR? PCQNGP?R™PGM  M /"1 PCNPCQCLR? M GL”AGM B?
    FGNCPTCLRGJ?ŽMGLBSXGB?NCJMCVCPA”AGMNMPA?SQ?BMR?KNML?KCLRMGL?BCOS?BMBM@GA?P@ML?RM A?SQ?LBM?QQGKSK
    ?SKCLRMBCQNPMNMPAGML?JB?TCLRGJ?ŽM5\$ CKPCJ?ŽM?M5\".4KQGLšLGKM NMPKA?N?XBCAMLDSLBGP N?P?
    BCQAPCTCPCQQCRCPKMJGKG?PTCLRGJ?R™PGM5" 

    A:ed;01@A0;
    .Q @CLCD”AGMQ BC SRGJGX?P M +5 C M /"1 AMKM SK? ?HSB? ?M RPCGL?KCLRM QŽM KSGRMQ 0S?LBM AMJCR?BMQ
    QGKSJR?LC?KCLRC ?K@MQNMBCKQCPSRGJGX?BMQN?P?CQR?@CJCACPXML?Q@ŠQGA?QBCRPCGL?KCLRM?QQMAG?B?QDPC​OS‘LAG?
    A?PB”?​A?  ?M PGRKM BC AMPPGB?   NMR‘LAG? LM RP?@?JFM BC AGAJGQKM CRA 4K PCQSKM BCQQ?Q XML?Q BC RPCGL?KCLRM 
    DMPLCAGBM?QCESGP
    0?>1 (L”AGMBCSKCVCPA”AGMAMK+5
    (LRCLQGB?BCKSGRM@?GV??@?GV?
    $QDMPMNCPAC@GBM CK C CK L?QCQA?J?QBC!MPE
    %MLRCBCCLCPEG?&MPBSP?CEMPBSP?A?P@MGBP?RM
    1GRKMDSLAGML?J?OSCAGKCLRM PCQDPG?KCLRM JGLF?BC@?QCCPCASNC​P?ŽM ?RGTGB?BC?CP™@G?JCTC
    0?>1 +5?R/"1
    (LRCLQGB?BC(LRCLQGB?BCA?PBGMT?QASJ?PKMBCP?B??R?JR?GLRCLQGB?BCA?PBGMT?QASJ?P
    $QDMPMNCPAC@GBM CK C CK L?QCQA?J?QBC!MPE
    %MLRCBCCLCPEG?"?P@MGBP?RMEMPBSP?NMPKCGMB?EJGA™JGQC
    1GRKMDSLAGML?JPGRKMBCAMPPGB?
    0?>1 /"1C?AGK?
    (LRCLQGB?BC?JR?GLRCLQGB?BCA?PBGMT?QASJ?P
    $QDMPMNCPAC@GBM CK C CK L?QCQA?J?QBC!MPE
    %MLRCBCCLCPEG?&JGAME‘LGM​KSQASJ?P
    1GRKMDSLAGML?J+GKG?P?L?CP™@GM RPCGL?KCLRMGLRCPT?J?BMCPGRKMBCCQA?NC

    %121>g:/5-?
     ,CWCP3 +SAG? $?PLCQR"/ CR?J AMLACNRS?JDP?KCUMPIDMPNCPDMPK?LACBG?ELMQGQ?LBRP?GLGLENPCQAPGNRGMLDPMK
    QS@K?VGK?JE?QCVAF?LECN?P?KCRCPQZRFCMPW?LB?NNJGA?RGML(LR)2NMPRQ,CB2SNNJ 2Z2
     +SAG? $?PLCQR"  PPG@?Q"3FC3MSPBC%P?LAC?NFWQGMJMEGA?JPCTGCU2A?LB),CB2AG2NMPRQ Z

    .BG?DP?EK?SK​KžQASJM?JR?KCLRCMVGB?RGTMC NMPR?LRM PCQGQRCLRCD?BGE?/MPA?SQ?BCQQ?PCQGQR‘LAG?BMBG?DP?EK?


     D?BGE? BSP?LRC CVCPA”AGMQ BC @?GV? ? KMBCP?B? GLRCLQGB?BC CK ?BSJRMQ Q?SBŠTCGQ ?M L”TCJ BM K?P  ? D?BGE? BM ​KžQASJM
    PCQNGP?R™PGM LŽM N?PCAC JGKGR?P M BCQCKNCLFM BM CVCPA”AGM $LRPCR?LRM  ? D?BGE? BM ​KžQASJM PCQNGP?R™PGM ?AMLRCAC CK
    ?JESLQCQR?BMQN?RMJ™EGAMQ AMKML?BMCL​?NSJKML?PM@QRPSRGT? CNMBCMAMPPCPCKGLRCLQGB?BCQK?GMPCQBCCVCPA”AGMQ
    CKNCQQM?QQ?SBŠTCGQ
    DMP?CVCPAGB?NCJMBG?DP?EK?LŽMBGKGLSGCKGL​BG​T”​BSMQRPCGL?BMQMSLŽMRPCGL?BMQBSP?LRCMCVCPA”AGMCV?SQRGTMCK
    GLRCLQGB?BCQKCLMPCQBMOSCB?5.NGAM$LRPCR?LRM BSP?LRCMCVCPA”AGMCKGLRCLQGB?BCQK?GMPCQBMOSC?
    B?5.NGAMJCT?LBMCV?SQRŽM ?DMP?CVCPAGB?NCJMBG?DP?EK?BGKGLSGSQGELG¤A?RGT?KCLRC  D?BGE?BMBG?DP?EK?LŽM
    QGELG¤A?LCACQQ?PG?KCLRCOSC?A?N?AGB?BCBCTCLRGJ?ŽMNSJKML?PCQRCH?AMKNPMKCRGB? NMPOSC?JESK?D?BGE?LŽMOSCP
    BGXCPOSCMBG?DP?EK?LŽMNMQQ?PC?​JG​X?P?K?GMPN?PRCB?DSLŽMTCLRGJ?R™PG? JKBGQQM QCFŠD?BGE?BMBG?DP?EK? SK?
    NPMNMPŽMK?GMPBMRP?@?JFM​KSQASJ?PPC?​JG​X?BMNCJ?TCLRGJ?ŽMNMBCQCP?QQSKGB?NCJMQ​KžQASJMQTCLRGJ?R™PGMQ?ACQQ™PGMQ
    C ? DPC​OS‘LAG? PCQNGP?R™PG? R?K@K NMBC ?SKCLR?P N?P? AMKNCLQ?P N?PAG?JKCLRC ? BGKGLSGŽM LM TMJSKC AMPPCLRC 2C
    MAMPPC ? D?BGE? ​KSQASJ?P PCQNGP?R™PG?  GQQM JCT?LR? ? OSCQRŽM QM@PC QC MQ ​KžQASJMQ PCQNGP?R™PGMQ QMDPCK ?B?NR?CQ ?M
    RPCGL?KCLRM
    /CQOSGQ?Q KMQRP?P?K OSC MQ ​KžQASJMQ NMBCK  BC D?RM  QMDPCP ?B?NR?CQ ?M RPCGL?KCLRM D”QGAM /MP CVCKNJM  ?
    A?N?AGB?BCMVGB?RGT?BM​KžQASJMPCQNGP?R™PGM?SKCLR?NMPA?SQ?BMRPCGL?KCLRMBC,5+<9(5*,.RP?@?JFM?BGAGML?JB?
    PCQNGP?ŽM PCOSCPGBM L?OSCJCQ AMK BMCL​? NSJKML?P M@QRPSRGT? APšLGA? #/."  OSC ?SKCLR? ? PCQGQR‘LAG? B?Q TG?Q
    PCQNGP?R™PG?Q  R?K@K CQRGKSJ? M ?SKCLRM B? A?N?AGB?BC MVGB?RGT? LMQ ​KžQASJMQ PCQNGP?R™PGMQ $LRPCR?LRM  ?
    AMLACLRP?ŽM BC CLXGK?Q EJGAMJ”RGA?Q LMQ ​KžQASJMQ PCQNGP?R™PGMQ KSB? NMSAM AMK M RPCGL?KCLRM D”QGAM  A?N?AGB?BC
    MVGB?RGT??SKCLR?B?BMBG?DP?EK?CK?RJCR?QBC,5+<9(5*,NCPKGRCOSCMBG?DP?EK?CTGRCQGL?GQBCD?BGE??ROSCMQL”TCGQ
    BC5\$?JA?L?BMQQCH?KK?GMPCQBMOSCMQBCGL​BG​T”​BSMQQCBCLRŠPGMQCQ?SBŠTCGQ A?N?AGB?BCMVGB?RGT??SKCLR?B?BM
    BG?DP?EK?CK?RJCR?QBC,5+<9(5*,NCPKGRCOSCMKžQASJMLŽMKMQRPCQGL?GQBCD?BGE??ROSCMQL”TCGQ?JA?L?BMQBC5\$
    QCH?K K?GMPCQ BM OSC MQ BC GLBGT”BSMQ QCBCLRŠPGMQ C Q?SBŠTCGQ $K@MP? M BG?DP?EK? QCH? SK ​KžQASJM NPGLAGN?JKCLRC
    PCQNGP?R™PGM CJCR?K@KPCAPSR?BMCKK?LM@P?QLŽMPCQNGP?R™PG?Q AMKMRP?@?JFMD”QGAMMS?RGTGB?BCQBCRPCGL?KCLRM
    AMK NCQMQ !MVC   $K PCQNMQR? ?M PCAPSR?KCLRM CK K?LM@P?Q LŽM PCQNGP?R™PG?Q  M BG?DP?EK? FGNCPRPM¤?  AMKM
    GLBGA?BM NCJM ?SKCLRM B? CQNCQQSP? C B?Q A?N?AGB?BCQ BC DMP? BM BG?DP?EK? QQGK  N?PCAC OSC MQ ​KžQASJMQ
    PCQNGP?R™PGMQ AMKMOS?GQOSCPMSRPMQ​KžQASJMQ NMBCKQMDPCP?B?NR?CQ?MRPCGL?KCLRMD”QGAM4K??NJGA?ŽMžLGA?BM
    RPCGL?KCLRMBM​KžQASJMPCQNGP?R™PGMCSRGJGX?B?NMPL?B?BMPCQBCQAPGR?LM!MVC

    ,4&
    
     <
    ":-16)5-6<7,7,1).:)/5)+755)67*:);6c7:-;81:)<l:1);
    . BG?DP?EK? QMDPC ?B?NR?CQ GLBSXGB?Q NCJM RPCGL?KCLRM NMP A?SQ? B? LCACQQGB?BC BC ?SKCLR?P ? TCLRGJ?ŽM
    NSJKML?P BSP?LRC ? ?RGTGB?BC D”QGA?  @CK AMKM NMP A?SQ? BM RP?@?JFM BC PCQNGP?P ?SKCLR?BM BSP?LRC N?RMJMEG?Q
    AMKM?BMCL​?NSJKML?PM@QRPSRGT?APšLGA?#/." $LRPCR?LRM MBG?DP?EK?R?K@KQMDPC?B?NR?CQGLBSXGB?Q
    NCJMRPCGL?KCLRMBCTGBM?K?LM@P?QLŽMPCQNGP?R™PG?Q AMKMRP?@?JFMD”QGAMCCVCPA”AGMQBCRPCGL?KCLRMAMKNCQMQ
    #SP?LRC CVCPA”AGMQ BC RPCGL?KCLRM AMK NCQMQ  AMKM ?@BMKGL?GQ  PMQA? @”ACNQ  QSNGLM C JCT?LR?KCLRM RCPP?  M
    BG?DP?EK?C?​KSQASJ?RSP??@BMKGL?JQŽMPCAPSR?BMQN?P??HSB?P?CQR?@GJGX?P?​ŠPC?JMK@?PQSNGL? AMLRP?ŽMB?​
    KSQASJ?RSP? ?@BMKGL?J BSP?LRC M RPCGL?KCLRM BC CVCPA”AGMQ AMK NCQMQ PCQSJR? CK ?SKCLRM B? NPCQQŽM GLRP?
    ?@BMKGL?J  OSC BGKGLSG ?Q DMP?Q AMKNPCQQMP?Q L? AMJSL? TCPRC@P?J C ?HSB? ? CQR?@GJGXŠ J? . ?SKCLRM B? NPCQQŽM
    GLRP? ?@BMKGL?JR?K@KCKNSPP?MBG?DP?EK?L?BGPCŽMB?A?TGB?BCRMPŠAGA? PCQSJR?LBMCK?SKCLRMB?NPCQQŽM
    GLRP?RMPŠAGA?2C?EJMRCQC?@PCBCTGBM?M?SKCLRMB?NPCQQŽMGLRP?RMPŠAGA? M?PQ?GPŠBMQNSJKCQ$LRPCR?LRM QC?
    EJMRCCQRŠDCAF?B? PC?​JG​X?B??K?LM@P?BC5?JQ?JT?C?NPCQQŽMQ?LES”​LC??SKCLR? CJCT?LBMQS@QR?LAG?JKCLRC?
    DMP?OSCMTCL​RP”ASJMCQOSCPBMBCTCBCQCLTMJTCPN?P?CHCR?PQ?LESCN?P??AGPASJ?ŽMQGQR‘KGA?(QQMMAMPPCNMPOSC
    RPCGL?BMPCQBCNCQMQŽMMPGCLR?BMQ?LŽMPC?​JG​X?P?K?LM@P?BC5?JQ?JT?MS NCJMKCLMQ KGLGKGX?PQCSQCDCGRMQ/?P?
    BGKGLSGP?NPCQQŽMGLRP?RMPŠAGA?CLOS?LRMQCPC?​JG​X??K?LM@P?BC5?JQ?JT? MBG?DP?EK?NMBCQCPPCAPSR?BM0S?LBM
    ?RGTM MBG?DP?EK?QC?AF?R? PCQSJR?LBMCK?SKCLRMB?NPCQQŽMGLRP? ?@BMKGL?JCCKSK?BGKGLSGŽMB?NPCQQŽM
    GLRP?RMPŠAGA? 2C M BG?DP?EK?  PCAPSR?BM CLOS?LRM QC PC?​JG​X? ? K?LM@P? BC 5?JQ?JT?  GQQM BGKGLSG ? NPCQQŽM
    GLRP?RMPŠAGA?  KGLGKGX?LBM M CDCGRM B? K?LM@P? BC 5?JQ?JT? L? NPCQQŽM Q?LES”​LC? 1C?JGX?P CVCPA”AGMQ BC
    RPCGL?KCLRM AMK NCQMQ NMP  QCK?L?Q ?SKCLR? QGELG¤A?RGT?KCLRC R?LRM ? CQNCQQSP? BM BG?DP?EK?  GLBGA?LBM
    FGNCPRPM¤?  OS?LRM ? NPCQQŽM GLQNGP?R™PG? KŠVGK? L? @MA?  GLBGA?LBM ?SKCLRM B?Q A?N?AGB?BCQ BC DMP? BM
    BG?DP?EK? QQGK  M BG?DP?EK? LŽM QC ?B?NR? QMKCLRC NMP A?SQ? BM QCS PCAPSR?KCLRM BSP?LRC ? GLQNGP?ŽM  K?Q
    R?K@KNMPA?SQ?BMPCAPSR?KCLRMBSP?LRCCVCPA”AGMQBCRPCGL?KCLRMAMKNCQMQ

    %121>g:/5-
     #C/?JM 5  /?PICP +  J !GJ@CQG %  CR ?J 1CQNGP?RMPW KSQAJC QRPCLERF RP?GLGLE UGRF LMLPCQNGP?RMPW K?LCSTCPQ ) NNJ
    /FWQGMJZ

    !& 
      -, 
    ":-16)5-6<7,7;​5p;+=47;:-;81:)<l:17;-56),),7:-;
    vAMLRPMTCPQMQCMRPCGL?KCLRMBMQ​KžQASJMQPCQNGP?R™PGMQNMBC?SKCLR?P?A?N?AGB?BCTGR?JMSMTMJSKCNSJKML?P
    RMR?J /MPK  QC DMP NMQQ”TCJ ?SKCLR?P CQQ?Q A?N?AGB?BCQ NSJKML?PCQ  GQQM QCPG? T?LR?HMQM N?P? MQ L?B?BMPCQ 4K?
    CJCT?ŽM L? A?N?AGB?BC TGR?J MS LM TMJSKC NSJKML?P RMR?J ?SKCLR?PG? ? ¥SRS?@GJGB?BC BM L?B?BMP  PCQGQR‘LAG?
    N?QQGT?BSP?LRCML?BMPCQGQR‘LAG??MKMTGKCLRM KCLMPOS?LBMMTMJSKCNSJKML?P?SKCLR?(QQMCVNJGA? CK
    N?PRC NMPOSCSKEP?LBCTMJSKCNSJKML?PRMR?J@CL¤AMN?P?L?B?BMPCQBCAMKNCRGŽM QQGK QCMRPCGL?KCLRM
    BMQ​KžQASJMQPCQNGP?R™PGMQPCQSJR?PCK?SKCLRMB?A?N?AGB?BCNSJKML?PRMR?J GQQMQCPG?T?LR?HMQMN?P?ML?B?BMP
    OSCAMKNCRC
    PCQNGP?ŽMEJMQQMD?P”LEC?1&% MSQMBMQ​KžQASJMQEJMQQMD?P”LECMQN?P??HSB?P??AMKMB?ŽMNSJKML?PNCJ?
    70:;65(.,4 MS BCEJSRGŽM BC NCOSCL?Q OS?LRGB?BCQ BC ?P  Kl  N?P? MQ NSJKCQ $QQC RGNM BC RPCGL?KCLRM BC
    TCLRGJ?ŽMSRGJGX?BMNMPN?AGCLRCQAMKBGQRžP@GMQLCSPM​KSQASJ?​PCQOSC?DCR?KMQ​KžQASJMQPCQNGP?R™PGMQ NMBCLBM
    LMPK?JGX?PMQTMJSKCQAMPPCLRCQLCQQCQN?AGCLRCQ
    .RPCGL?KCLRMBC1&%NMPQCK?L?Q?SKCLRMS?A?N?AGB?BCTGR?JBCKSJFCPCQQCBCLRŠPG?QQ?SBŠTCGQCK.
    RPCGL?KCLRM BC 1&% PC?​JG​X?BM NMP  QCK?L?Q ?SKCLRMS QGELG¤A?RGT?KCLRC ? A?N?AGB?BC TGR?J CK KSJFCPCQ
    L?B?BMP?QCK K?QLŽMRCTCCDCGRML?A?N?AGB?BCTGR?JBCFMKCLQL?B?BMPCQ CK@MP??A?N?AGB?BCTGR?JRCLF?
    ?SKCLR?BMJCTCKCLRC.?SKCLRMB?A?N?AGB?BCTGR?JPCQSJRMSCK?SKCLRMBC¥SRS?@GJGB?BCBC C IECK
    L?B?BMPCQFMKCLQCKSJFCPCQ PCQNCARGT?KCLRC.Q?SRMPCQCQ​NCASJ?P?KOSCMRPCGL?KCLRMBC1&%PCQSJR?LBMCK
    ?SKCLRMB?A?N?AGB?BCTGR?JBCL?B?BMPCQRCPG?SKCDCGRMNMQGRGTML?TCJMAGB?BCKŠVGK?BMQ?RJCR?Q?RP?TQB?ŠES?
    AMKMQNSJKCQAFCGMQMSN?PAG?JKCLRCAFCGMQ

    %121>g:/5-?
     -WEPCL !MLLGCP ,  +GLBFMJK /  ,?PIQRPMK  CR ?J $DDCARQ MD EJMQQMNF?PWLEC?J NGQRMLGLE DMP JSLE GLQSD¥?RGML ML RFC
    TGR?JA?N?AGRWGLFC?JRFWUMKCL K)/FWQ,CB1CF?@GJ?Z
     -WEPCL !MLLGCP ,  &SJJQRP?LB +  *JCD@CAI !  CR ?J $DDCARQ MD EJMQQMNF?PWLEC?J NGQRMLGLE DMP JSLE GLQSD¥?RGML GL CJGRC
    QUGKKCPQ,CB2AG2NMPRQ$VCPA@Z

    012%,%&$"0,

    6<
    5MA‘MRPCGL?BMPBCSKRGKCBC*96::*6<5;9@K?QASJG​LMBC?BGTGQŽMCKSK?SLGTCPQGB?BCJMA?JGX?B??ML”TCJBMK?P
    5MA‘CQRŠTG?H?LBMN?P?SK?AMKNCRGŽMCKSK?SLGTCPQGB?BCAMKSKNCPASPQM?KBC?JRGRSBC

    8
    IGIPI=?MJ?L;KO?I>?M?GJ?HBIM?D;;@?N;>I

    9A
    "P?HNIM >?  
     KO? >OL;G G;CM >?  GCH
     MŠI ;FN;G?HN? >?J?H>?HN?M >I @ILH?=CG?HNI >? IRCAHCI
    J;L;IN?=C>I "G;FNCNO>?M;=CG;>IHP?F>IG;L
    ;JL?MMŠIJ;L=C;F>?,Œ<;CR; &MMICGJ;=N;>CL?N;G?HN?;
    M;NOL;‹ŠI>?,>;B?GIAFI<CH;?INL;HMJILN?>?IRCAHCI  IH@ILG?;-,>CGCHOC
    B†>CGCHOC‹ŠI>I,FCA;>I
    ‰ B?GIAFI<CH;  MMCG
     ; =;J;=C>;>? >? NL;HMJILN? >? IRCAHCI J;L; IM ​GšM=OFIM ?G ?R?L==CI Œ L?>OTC>; ? I
    =IHMOGI G†RCGI >? IRCAHCI Œ L?>OTC>I  *?MGI =IG ; ;=FCG;N;‹ŠI
     IM >?M?GJ?HBIM >?   M?LŠI
    JL?DO>C=;>IM
    .O;H>I?RJIMNI;<;CR;-,H;;FNCNO>?
    ;L?MJIMN;>I=ILJIŒJLI>OTCLB?G†=C;M;>C=CIH;CMJ;L;=IGJ?HM;L;
    >?MM;NOL;‹ŠI>;B?GIAFI<CH; MMCG
    @ILH?=?LN?GJIMOV=C?HN?J;L;IM;NF?N;MM?;=FCG;N;L?G‰;FNCNO>?JI>?
    ;DO>;L I >?M?GJ?HBI  "HNL?N;HNI
     H; ;FNCNO>?
     ;M CHN?HMC>;>?M >I NL?CH;G?HNI M?LŠI JL?DO>C=;>;M >?MM;
    G;H?CL;
    PI=JI>?KO?L?LKO?M?OM;NF?N;MMCA;GIGI>?FI>?UPCP;;FNI?NL?CH?<;CRI[ &MMIMCAHCV=;KO?IM
    ;NF?N;M>?P?LC;GPCP?L?>ILGCL?G;FNCNO>?J;L;J?LGCNCL;JLI>O‹ŠI;OG?HN;>;>?B?G†=C;M
    G;ML?NILH;LC;G
    ;I HP?F >I G;L J;L; NL?CH;L
     ; VG >? JIMMC<CFCN;L ; G;HON?H‹ŠI >;M CHN?HMC>;>?M >? NL?CH;G?HNI  FŒG >CMMI

    G†M=;L;M >? BCJIRC; MŠI ONCFCT;>;M J;L; ;OG?HN;L ;M @OH‹™?M G?N;<•FC=; ? L?MJCL;N•LC; =IG I NL?CH;G?HNI ;I
    HP?F>IG;L "HNL?N;HNI
    ?MM?MNCJIM>?NL?CH;G?HNIHŠI?MNŠI;IM?O>CMJIL MMCG
    PI=>?=C>?@;F;LJ;L;M?OM
    ;NF?N;MKO??MM;M?L†OG;N;L?@;>C@=CF?KO??F?M>?P?G;J?H;M@;T?LM?OG?FBIL

    6<
    5MA‘SKRPCGL?BMPBCAGAJGQKMBCCQRP?B?CTGSNPMN?E?LB?QBCBGQNMQGRGTMQOSCQSNMQR?KCLRCQCPTCKN?P?RPCGL?PMQ
    KžQASJMQ B? GLQNGP?ŽM ,SGRMQ BMQ QCSQ ?RJCR?Q NCPESLR?P?K QC CQQCQ BGQNMQGRGTMQ DSLAGML?K MS QC CJCQ NMBCPG?K
    KCJFMP?PMBCQCKNCLFMBCAGAJGQKM

    9A
    3I=@;TOG;<OM=;H;FCN?L;NOL;?;=B;GOCNIM;LNCAIML?F;=CIH;>IM=IGI>?M?GJ?HBI>? ?IOMI
    >I NL?CH;G?HNI >IM ​GšM=OFIM CHMJCL;N•LCIM  "MM?M >CMJIMCNCPIM @;T?G =IG KO? VKO? G;CM >C@=CF CHMJCL;L

    L?MOFN;H>I H; H?=?MMC>;>? >? IM ​GšM=OFIM CHMJCL;N•LCIM >?M?HPIFP?L?G G;CM @IL‹; J;L; L?;​FC​T;L MO; @OH‹ŠI
    !OL;HN?OGJ?LI​>I>?N?GJI
    CMMIJIMMCP?FG?HN?L?MOFN;?G@IL‹;? ;OG?HN;>IMH?MM?M​GšM=OFIM
    ?
     ;MMCG
     G?HIM @;>CA; ?G OG ?P?HNI >?    &MMI L?MOFN; JIN?H=C;FG?HN? ?G G;CIL P?HNCF;‹ŠI
    JOFGIH;L?
    JIL=IHM?​KOH=C;
    @ILH?=CG?HNI>?IRCAHCIJ;L;IMN?=C>IM
    *OCNIM?MNO>IMGIMNL;G>?M?GJ?HBIG?FBIL;>I;J•MINL?CH;G?HNI>IM​GšM=OFIMCHMJCL;N•LCIM?G;NF?N;M
    NL?CH;>IM JINH=C;GŒ>C;>OL;HN?M?CMGCHONIM>?L?GI;OG?HN;?G
    
    ?HKO;HNII>?M?GJ?HBI=IHNL;
    I L?F•ACI >? 
      IO  EG ;OG?HN; >? 
     ; 
     
     "HNL?N;HNI
     IONLIM ?MNO>IM HŠI GIMNL;G G?FBIL;M
    MCAHCV=;NCP;M HI >?M?GJ?HBI  -;L?=? KO? I NL?CH;G?HNI >IM d šM=OFIM CHMJCL;N•LCIM ;OG?HN; ; @IL‹; ? I
    &-*&>IM​GšM=OFIML?MJCL;N•LCIM -IL?R?GJFI
    INL?CH;G?HNI;OG?HN;;JL?MMŠI​GOM=OF;LCHMJCL;N•LC;?G
    =?L=; >?  ?G L?G;>IL?M  1;G<ŒG J;L?=? KO? I NL?CH;G?HNI >IM ​GšM=OFIM CHMJCL;N•LCIM L?MOFN; ?G
    >?M?GJ?HBI ;OG?HN;>I =IG ;J?H;M  ;  M?G;H;M >? NL?CH;G?HNI  IG ; MO; J?MKOCM; ? ; ;J;L?HN?
    ;OMH=C; >? ?@?CNIM =IF;N?L;CM
     PI= >?=C>? ;=IHM?FB;L M?OM ;NF?N;M ; N?HN;L?G I NL?CH;G?HNI ​GOM=OF;L
    CHMJCL;N•LCIJILOGJ?LI​>I=OLNI>?N?GJI

    ;
     &PGD¤RFQ+ ,A"MLLCJJ *3FCGL¥SCLACMDGLQNGP?RMPW?LBCVNGP?RMPWKSQAJCRP?GLGLESNMLPMUGLENCPDMPK?LAC$SP)
    NNJ/FWQGMJZ
     )MFLQML ,  2F?PNC &1  !PMUL /( (LQNGP?RMPW KSQAJC RP?GLGLE GKNPMTCQ AWAJGLE RGKC RPG?J NCPDMPK?LAC ?LB ?L?CPM@GA
    UMPIA?N?AGRW@SRLMRAPGRGA?JNMUCP$SP) NNJ/FWQGMJZ
     1MKKCP+, ,A"MLLCJJ * )MLCQ# $DDCARQMDGLQNGP?RMPWKSQAJCRP?GLGLEMLRGKC RPG?JNCPDMPK?LACGLRP?GLAWAJGQRQ)
    2NMPRQ2AGZ

    ! 

    ?5:G{5F@DD2F5sG6:D4@>42C82D56EC232=9@DF3>sI:>2D?v@2AC6D6?E2>725:82​>FD4F=2CC6DA:C2EC:26?EC6E2?E@6>:?E6?D:5256D
    566I6C4{4:@24:>256
    5@,O% A:4@@5:27C28>2A@56>@DEC2CD:?2:D562=8F>2725:82
    %D​>ƒD4F=@DC6DA:C2EC:@D:?4=F:?5@@5:27C28>2D6252AE2>2@EC6:?2>6?E@

    #% @$%

    .QQGQRCK?QAGPASJ?R™PGMCPCQNGP?R™PGMRP?@?JF?KHSLRMQN?P?DMPLCACP?MQRCAGBMQMVGE‘LGMCCVNCJGPMBG™​VGBMBCA?P@MLM
    BMQ?LESC TCLRGJ?ŽMNSJKML?PC?BGDSQŽMNSJKML?PQŽMAF?K?B?QBCPCQNGP?ŽMNSJKML?PNMPOSCCQQCQNPMACQQMQ
    MAMPPCKLMQ?JTM​JMQNSJKML?PCQ PCQNGP?ŽMACJSJ?PQCPCDCPC?MSQMBCMVGE‘LGMLMKCR?@MJGQKM?CP™@GMCNPMBSŽM
    BCBG™​VGBMBCA?P@MLMNCJMRCAGBM.QEP?BGCLRCQBCNPCQQŽMN?PAG?JCLRPCM?PCMQ?LESCPCQNGP?ŽMNSJKML?P CMQ?LESC
    C M RCAGBM PCQNGP?ŽM ACJSJ?P  BCRCPKGL?K ? BGPCŽM C ? R?V? B? RPMA? BC MVGE‘LGM C BC BG™​VGBM BC A?P@MLM BSP?LRC ?
    PCQNGP?ŽM JKB?RPMA?E?QMQ?LMQNSJKCQ MQGQRCK?NSJKML?PR?K@KSKGBG¤A? ¤JRP?C?OSCACM?PN?P?NPMRCECPMQ
    ?JTM​JMQC?KCK@P?L?PCQNGP?R™PG?AMLRP?B?LMQ#SP?LRC?GLQNGP?ŽM ?AMLRP?ŽMBMQ​KžQASJMQGLQNGP?R™PGMQ BMQOS?GQM
    BG?DP?EK?MK?GQGKNMPR?LRC A?SQ?BGKGLSGŽML?NPCQQŽMGLRP?NSJKML?P PCQSJR?LBML?CLRP?B?BC?PLMQNSJKCQ.
    PCJ?V?KCLRM BMQ ​KžQASJMQ GLQNGP?R™PGMQ A?SQ? ?SKCLRM B? NPCQQŽM GLRP?NSJKML?P  PCQSJR?LBM L? CVNGP?ŽM #SP?LRC ?
    ?RGTGB?BCD”QGA? MQ​KžQASJMQCVNGP?R™PGMQAMLRP?CK ?HSB?LBML?CVNGP?ŽM
    #SP?LRC ?RGTGB?BC D”QGA? JCTC ? KMBCP?B?  ? TCLRGJ?ŽM NSJKML?P QC CJCT? NMP A?SQ? R?LRM BC SK ?SKCLRM BM TMJSKC
    AMPPCLRCOS?LRMB?DPC​OS‘LAG?B?PCQNGP?ŽM$KGLRCLQGB?BCQK?GMPCQBC?RGTGB?BCD”QGA? MTMJSKCAMPPCLRC?JA?L?SK
    NJ?Rš BCK?LCGP?OSCMžLGAMKMBMBC?SKCLR?P?TCLRGJ?ŽMNSJKML?P?SKCLR?LBM?DPC​OS‘LAG?PCQNGP?R™PG?
     K?GMP N?PRC BM MVGE‘LGM  RP?LQNMPR?B? JGE?B?  FCKMEJM@GL?  CLOS?LRM ? K?GMP N?PRC BM BG™​VGBM BC A?P@MLM 
    RP?LQNMPR?B? L? DMPK? BC @GA?P@ML?RM /MPK  M RP?LQNMPRC BC MVGE‘LGM C BC BG™​VGBM BC A?P@MLM  ?DCR?BM NCJ? ?AGBCX
    ?SKCLR?B? NCJ?RCKNCP?RSP??SKCLR?B?CNCJMQ?SKCLRMQB?NPCQQŽMN?PAG?JBSP?LRC??RGTGB?BCD”QGA? BCKMBMOSCK?GQ
    MVGE‘LGM  DMPLCAGBM N?P? M RCAGBM ?RGTM (QQM QC BCTC CK EP?LBC N?PRC ?M BCQJMA?KCLRM B? ASPT? BC BGQQMAG?ŽM B?
    MVGCKMEJM@GL?BCK?LCGP?OSC?FCKMEJM@GL?BGKGLS?QS??¤LGB?BCNCJMMVGE‘LGMLMRCAGBMCKRP?@?JFM
    /?P? QSNPGP ?Q BCK?LB?Q AMPNMP?GQ  ? TCLRGJ?ŽM NSJKML?P LM PCNMSQM C BSP?LRC ? ?RGTGB?BC D”QGA?  AMLRPMJ?B? NCJM
    ACLRPMPCQNGP?R™PGMJMA?JGX?BMLM@SJ@MCL?NMLRC.ACLRPMPCQNGP?R™PGMPCAC@CGLDMPK?CQBCKSGR?QDMLRCQ GLAJSGLBM
    MQ OSGKGMPPCACNRMPCQ NCPGDPGAMQ  MQ OSGKGMPPCACNRMPCQ ACLRP?GQ  MQ ACLRPMQ ACPC@P?GQ QSNCPGMPCQ C MQ NPMNPGMACNRMPCQ ​
    KSQASJ?​PCQ$QQ?QGLDMPK?CQNCPKGRCKOSC?TCLRGJ?ŽMNSJKML?PQC?JRCPCN?P?Q?RGQD?XCP?QBCK?LB?QBCDMPLCAGKCLRM
    BC MVGE‘LGM ?M RCAGBM C B? PCKMŽM BC BG™​VGBM BC A?P@MLM .Q NPGLAGN?GQ BCRCPKGL?LRCQ B? TCLRGJ?ŽM NSJKML?P QŽM ?
    AMLACLRP?ŽM BMQ ”M​LQ FGBPME‘LGM  ? NPCQQŽM N?PAG?J BC MVGE‘LGM C ? NPCQQŽM N?PAG?J BC BG™​VGBM BC A?P@MLM  OSC QŽM
    KMLGRMP?B?Q BC K?LCGP? NPCAGQ? NCJMQ OSGKGMPPCACNRMPCQ N?P? OSC ? TCLRGJ?ŽM NSJKML?P QC ?JRCPC ? ¤K BC QSNPGP ?Q
    LCACQQGB?BCQKCR?@™JGA?QBMAMPNM$LRPCR?LRM AMLDMPKC?A?PE?BCRP?@?JFM?SKCLR? FŠKSGRMQNMLRMQCKOSCMAMPPCK
    ?JRCP?CQ L? TCLRGJ?ŽM NSJKML?P CK PCJ?ŽM  OS?LRGB?BC BC MVGE‘LGM C BC BG™​VGBM BC A?P@MLM RPMA?B? LMQ NSJKCQ
    $QQ?QKSB?L?QL?TCLRGJ?ŽMNSJKML?PCQRŽMPCJ?AGML?B?QAMKMBCQCKNCLFMCKA?PE?QBCRP?@?JFMOSCCQRCH?K?AGK?
    BMJGKG?PBCJ?AR?RM
    .Q​KžQASJMQPCQNGP?R™PGMQNMBCKQC?B?NR?P?MRPCGL?KCLRMD”QGAM PCQSJR?LBMCKD?BGE?​KSQASJ?PPCQNGP?R™PG?KCLMP
    BSP?LRC??RGTGB?BCD”QGA?2CLŽMDMQQCNCJ?LMRŠTCJA?N?AGB?BCBCMQGQRCK?PCQNGP?R™PGMGES?J?P?TCLRGJ?ŽMNSJKML?PAMK
    ?Q LCACQQGB?BCQ KCR?@™JGA?Q BM AMPNM LM PCNMSQM C BSP?LRC ? ?RGTGB?BC D”QGA?  C NCJ? QS? A?N?AGB?BC BC QC ?B?NR?P ?M
    RPCGL?KCLRM LMQQ?A?N?AGB?BCBCPC?​JG​X?P?K@MQMQCVCPA”AGMQ?CP™@GMC?L?CP™@GMQCPG?AMKNPMKCRGB?

    %#$E#"&#=

    ;9<81@1-?8-/A:-?
    ========= QŽM CQRPSRSP?Q Q?ASJGDMPKCQ AMLCAR?B?Q ?MQ @PMLOS”MJMQ PCQNGP?R™PGMQ C QŽM ACPA?BMQ NMP A?NGJ?PCQ  MLBC ?
    RPMA?E?QMQ?MAMPPC
    2C?NPCQQŽMGLRP?NSJKML?P=========BMOSC?NPCQQŽM?RKMQDPGA? M?PQCKMTCPŠN?P?BCLRPMBMQNSJKCQ MS?
    ========= MAMPPCPŠ QC ? NPCQQŽM GLRP?NSJKML?P DMP ========= BM OSC ? ?RKMQDPGA?  M ?P QC KMTCPŠ N?P? DMP? BMQ
    NSJKCQ MS?=========MAMPPCPŠ
    NPCQQŽMN?PAG?JBCMVGE‘LGMLMQ?JTM​JMQ=========BMOSC?NPCQQŽMN?PAG?JBCMVGE‘LGMLMQ?LESC MOSCNCPKGRC
    OSCMMVGE‘LGMQCBGDSLB?N?P?MQ?LESC$LRPCR?LRM ?NPCQQŽMN?PAG?JBCMVGE‘LGMLM​KžQASJM=========BMOSC?
    NPCQQŽMN?PAG?JBCMVGE‘LGMLMQ?LESC MOSCNCPKGRCOSCMMVGE‘LGMQCBGDSLB?N?P?M​KžQASJM
     0S?LBMMMVGE‘LGMCQRŠJGE?BMFCKMEJM@GL? DMPK?B?========= CLOS?LRM?FCKMEJM@GL?LŽMJGE?B??MMVGE‘LGM
    AF?K?B?BC=========
     . =========  M RP?@?JFM CK OSC 5\$ ?SKCLR? BCQNPMNMPAGML?JKCLRC CK PCJ?ŽM ?M 5. C KSB? BC ?SKCLRMQ
    NPMNMPAGML?GQBC5\$CKPCJ?ŽM?MRP?@?JFMN?P??SKCLRMQBCQNPMNMPAGML?GQBC5\$CKPCJ?ŽM?MRP?@?JFM
    n8@5<8-1?/;84-
    0S?JB?QQCESGLRCQMNCQPCNPCQCLR?​KžQASJMQOSC?HSB?KL?GLQNGP?ŽM
    ? (LRCPAMQR?GQ EPŠAGJ RG@G?J?LRCPGMP NCGRMP?JKCLMP
    @ (LRCPAMQR?GQCVRCPLMQ Q?PR™PGM @P?OSG?J NCGRMP?JKCLMP
    A 3P?NXGM ​KžQASJMQCQA?JCLMQ CQRCPLMAJCGBMK?QR™G​BCM Q™JCM
    B (LRCPAMQR?GQCVRCPLMQ ​KžQASJMQCQA?JCLMQ E?QRPMAL‘KGAMCJ?R”QQGKMBMBMPQM
    C (LRCPAMQR?GQCVRCPLMQ ​KžQASJMQCQA?JCLMQ CQRCPLMAJCG​BMK?QR™G​BCM NCGRMP?JKCLMP
    2CMBG‹​KC​RPMBCSK?TG?PCQNGP?R™PG?PCBSXGBMNCJ?KCR?BC ?9,:0:;e5*0(?M¥SVMBC?PGPŠ=========
    ? SKCLR?Pn
    @ SKCLR?Pn
    A #GKGLSGPn
    B #GKGLSGPn
    C /CPK?LCACP?KCQK?
    #SP?LRC?GLQNGP?ŽM M?POSCBCGV??RP?OSCG?CLRP?BGPCR?KCLRCLM? Q =========
    ? JTM​JMQ
    @ "?NGJ?PCQNSJKML?PCQ
    A $QšD?EM
    B !PšLOSGMQNPGLAGN?GQ
    C +?PGLEC
      K?GMP N?PRC BM MVGE‘LGM LM Q?LESC  RP?LQNMPR?B? =========  CLOS?LRM ? K?GMP N?PRC BM BG™​VGBM BC A?P@MLM 
    RP?LQNMPR?B?L?DMPK?BC =========
    ? +GE?B?KGMEJM@GL?BGQQMJTGB?LMNJ?QK?
    @ #GQQMJTGB?LMQ?LESCJGE?B?FCKMEJM@GL?
    A "MKM@GA?P@ML?RMJGE?B?KGMEJM@GL?
    B +GE?B?FCKMEJM@GL?@GA?P@ML?RM
    C #GQQMJTGB?LMQ?LESC@GA?P@ML?RM
     0S?JB?QQCESGLRCQA?P?ARCP”QRGA?QB?ASPT?BCBGQQMAG?ŽMB?MVGCKMEJM@GL??HSB??E?P?LRGPMDMPLCAGKCLRM?BCOS?BM
    BCMVGE‘LGM?MRCAGBMBSP?LRCMCVCPA”AGM
    ? .DMPK?RMQGEKMGBC
    @ .BCQJMA?KCLRMB?ASPT?N?P??BGPCGR?NMPA?SQ?BM?SKCLRMBCRCKNCP?RSP?
    A .BCQJMA?KCLRMB?ASPT?N?P??BGPCGR?NMPA?SQ?BM?SKCLRMB??AGBCX
    B .BCQJMA?KCLRMB?ASPT?N?P??BGPCGR?NMPA?SQ?B?KSB?L?BC?¤LGB?BCB?FCKMEJM@GL??M  BGDMQDMEJGACP?RM
    C 3MB?Q?QMNCQ
    )1>0-015>;;A2-8?;
    .RCAGBMNSJKML?PA?N?XBCQCAMLRP?GP
    QNMPCQ@?Q?GQBMQNSJKCQPCAC@CKK?GQTCLRGJ?ŽMLMPCNMSQMBMOSC?QNMPCQ?NGA?GQ
    .RPCGL?KCLRM?CP™@GM?SKCLR??OS?LRGB?BCBC?JTM​JMQ
     3MBMM?PGLQNGP?BMAFCE??MQ?JTM​JMQ MLBCMAMPPC?RPMA?E?QMQ?
     vNMQQ”TCJOSCMBG?DP?EK?FGNCPRPM¤C
    $A1?@m1?;.61@5B-?
    $VNJGOSCAMKM?CQRPSRSP?BMQ?JTM​JMQ@CLC¤AG??RPMA?E?QMQ?
    $VNJGOSCMQKCA?LGQKMQBCTCLRGJ?ŽM
    /MPOSCNMBCMAMPPCPPCQNGP?ŽMNCJ?@MA?CNCJML?PGXBSP?LRCMCVCPA”AGM AMLDMPKC?TCLRGJ?ŽMNSJKML?P?SKCLR?
     $VNJGOSCAMKM?NPCQQŽMQ?LES”​LC?L?AGPASJ?ŽMNSJKML?PBGDCPCB?NPCQQŽMQ?LES”​LC?L?AGPASJ?ŽMNCPGDPGA?
    #1:?-91:@;/>h@5/;
    $VNJGOSCMN?NCJBMQOSGKGMPPCACNRMPCQLMAMLRPMJCB?PCQNGP?ŽM
    $VNJGOSC NMP OSC ? NPCQQŽM N?PAG?J BC MVGE‘LGM BGKGLSG C ? BC BG™​VGBM BC A?P@MLM ?SKCLR? BMQ QCSQ T?JMPCQ
    ?RKMQDPGAMQN?P?M?PBCLRPMBMQ?JTM​JMQ

    "#&

    <Fl?​<?CCQRPSRSP?QQ?ASJGDMPKCQACPA?B?QNMPA?NGJ?PCQMLBCMAMPPC?RPMA?E?QMQ?NSJKML?P
    1B21=9>?5=?7<?29>1FCKMEJM@GL??OSCMBG™​VGBMBCA?P@MLMCQRŠJGE?BM
    5C<?31=5>D? 4? 3<?B5D? RPMA? BC ”M​LQ @GA?P@ML?RM NMP ”M​LQ AJMPCRM N?P? NPCTCLGP M BCQCOSGJ”@PGM CJRPGAM BCLRPM B?
    FCKŠAG?
    5C?H95=?7<?29>1FCKMEJM@GL?OSCLŽMCQRŠJGE?B??MMVGE‘LGM
    916B17=1​KžQASJMPCQNGP?R™PGMK?GQGKNMPR?LRC JMA?JGX?BMCLRPC?QA?TGB?BCQRMPŠAGA?C?@BMKGL?J
    96ECj?@E<=?>1BKMTGKCLRMBCMVGE‘LGMBM?PBMQNSJKCQN?P?MQ?LESCCBCBG™​VGBMBCA?P@MLMBMQ?LESCN?P?M?P
    LMQNSJKCQ
    659D? ?8B BCQJMA?KCLRM B? ASPT? BC BGQQMAG?ŽM B? MVGCKMEJM@GL? N?P? ? BGPCGR? AMKM ?SKCLRM B? ?AGBCX C N?P? ?
    CQOSCPB?AMK?BGKGLSGŽMB??AGBCX
    AE9F1<5>D5F5>D9<1DsB9?4549s​H94?4531B2?>?P?XŽMCLRPC5\$C5\".5\$5\". 
    AE9F1<5>D5F5>D9<1DsB9?45?H97m>9?P?XŽMCLRPC5\$C5.5\$5. 
    C@1k?=?BD?1>1Dt=93??POSCLSLA??JA?L?MQ?JTM​JMQBSP?LRC?PCQNGP?ŽMNSJKML?P
    5=?7<?29>1 NGEKCLRM OSC AMLRK DCPPM CLAMLRP?BM L?Q FCKŠAG?Q  M OS?J  A?N?X BC QC JGE?P PCTCPQGTCJKCLRC ?M
    MVGE‘LGM
    "59451<D?>JCGOSCBGXOSC?NPCQQŽMRMR?JBCSK?KGQRSP?E?QMQ?COSGT?JCLRCQMK?BCRMB?Q?QNPCQQCQBCRMBMQMQ
    E?QCQOSCAMKNCKCQQ?KGQRSP?
    "59 45 5>BI JCG OSC BGX OSC ? OS?LRGB?BC BC EŠQ BGQQMJTGBM CK OS?JOSCP ¥SGBM BCNCLBC B? RCKNCP?RSP?  B? NPCQQŽM
    N?PAG?JCB?QMJS@GJGB?BCBMEŠQ
    "9=91B F5>D9<1DsB9? SQM BM COSGT?JCLRC TCLRGJ?R™PGM BC MVGE‘LGM 5\$5.  C BM COSGT?JCLRC TCLRGJ?R™PGM BC BG™​VGBM BC
    A?P@MLM5\$5\". N?P?CQRGK?PMRP?@?JFMLMOS?JMAMPPCMJGKG?PBCJ?AR?RM
    #5=2B1>1B5C@9B1DsB91KCK@P?L?B?QAJSJ?Q?JTCMJ?PCQCB?QAJSJ?QOSCDMPK?K?N?PCBCBMQA?NGJ?PCQOSCACPA?KMQ
    ?JTM​JMQ ?RP?TQB?OS?JMEŠQBCTCN?QQ?PN?P?QCKMTCPCLRPCMQ?LESCCM?PBCLRPMBMQ?JTM​JMQ
    #9?7<?29>1KMJASJ?RP?LQNMPR?BMP?BCMVGE‘LGMQGKGJ?PFCKMEJM@GL? CVACRMNMPQCPCLAMLRP?B?BCLRPMBM​KžQASJM
    CQOSCJRGAMCBM​KžQASJMA?PB”?​AM
    %H95=?7<?29>1FCKMEJM@GL??OSCMMVGE‘LGMCQRŠJGE?BM
    &<5EB1C?QKCK@P?L?QNSJKML?PCN?PGCR?J OSCPCAM@PCKMNSJKŽM
    &?>D? 45 3?=@5>C1kj? B5C@9B1DsB91 &( GLRCLQGB?BC BC CVCPA”AGM CK OSC ?K@MQ 5\$5. C 5\$5\". KMQRP?K
    ?SKCLRM M NMLRM BC AMKNCLQ?ŽM PCQNGP?R™PG? MAMPPC CK GLRCLQGB?BCQ BC CVCPA”AGM K?GMPCQ BM OSC M JGKG?P
    TCLRGJ?R™PGM
    &B5CCj?9>DB1@<5EB1<NPCQQŽMLMCQN?MMSA?TGB?BCNJCSP?JCLRPC?QKCK@P?L?QTGQACP?JCN?PGCR?J
    &B5CCj?9>DB1@E<=?>1BNPCQQŽMBM?PBCLRPMBMQNSJKCQ
    &B5CCj?@1B391<NMPŽMB?NPCQQŽMBCTGBM?SKEŠQN?P​RGASJ?PBCLRPMBCSK?KGQRSP?BCE?QCQ
    'E9=9?BB535@D?B5CPCACNRMPCQOSCPCQNMLBCK?KSB?L?QOS”​KGA?Q
    'E9=9?BB535@D?B5C35>DB19COSGKGMPPCACNRMPCQJMA?JGX?BMQBCLRPMBM@SJ@MOSCCQRGKSJ?KKSB?L?QL?PCQNGP?ŽM
    'E9=9?BB535@D?B5C @5B96lB93?C OSGKGMPPCACNRMPCQ JMA?JGX?BMQ BCLRPM BMQ EJMKMQ A?PMR”BCMQ C BM ?PAM B? ?M​PR? OSC
    CQRGKSJ?KKSB?L?QL?PCQNGP?ŽM
    (5C@9B1kj?35<E<1BSQMBCMVGE‘LGMNCJMKCR?@MJGQKM?CP™@GMCNPMBSŽMBCBG™​VGBMBCA?P@MLM
    (5C@9B1kj?@E<=?>1BNPMACQQMQBCTCLRGJ?ŽMNSJKML?PCBCBGDSQŽMNSJKML?P ?K@MQMAMPPCLBMLMQNSJKCQ
    *B?3171C?C131@9<1BRPMA?BCMVGE‘LGMCBCBG™​VGBMBCA?P@MLMCLRPCMQ?LESCCMQRCAGBMQAMPNMP?GQ
    ,5>D9<1kj?1<F5?<1B?POSCAFCE??MQ?JTM​JMQBSP?LRC?TCLRGJ?ŽMNSJKML?P
    ,5>D9<1kj? @E<=?>1B KMTGKCLRM BM ?P N?P? BCLRPM C N?P? DMP? BMQ NSJKCQ  LMPK?JKCLRC AF?K?BM BC PCQNGP?ŽM
    RGNGA?KCLRCCVNPCQQMAMKM?OS?LRGB?BCBC?PKMTGKCLR?BMNMPKGLSRM
    ,?<E=53?BB5>D5OS?LRGB?BCBC?PKMTGKCLR?BMNMPPCQNGP?ŽM
    ,?<E=5B5C94E1<?POSCNCPK?LCACLMQNSJKCQ?N™Q?CVNGP?ŽMKŠVGK?

    "?#

     ?PML $  )MFLQML !#  2CMU "*  CR ?J .VWECL AMQR MD CVCPAGQC FWNCPNLC? KC?QSPCKCLR ) NNJ /FWQGMJ
    Z
     !?@AMAI ,  /CECJMU #%  )MFLQML !#  CR ?J CPM@GA ¤RLCQQ CDDCARQ ML CVCPAGQC GLBSACB JMU DPCOSCLAW BG?NFP?EK
    D?RGESC) NNJ/FWQGMJZ
     !?@AMAI ,  /CECJMU #%  ,A"J?P?L 21  CR ?J "MLRPG@SRGML MD BG?NFP?EK?RGA NMUCP MSRNSR RM CVCPAGQC GLBSACB
    BG?NFP?EKD?RGESC) NNJ/FWQGMJZ
     "JMSRGCP ,,  3FP?JJ 12 3FC PCQNGP?RMPW QWQRCK (L +CTW ,-  *MCNNCL !,  2R?LRML !  CBQ !CPLC ?LB +CTW
    /PGLAGNJCQMD/FWQGMJMEW2?GLR+MSGQ ,. "5,MQ@W"MKN?LW 
     #CKNQCW) ,GJJCP)# 1MKCP+,3FCPCQNGP?RMPWQWQRCK(L "2,Q BT?LACB$VCPAGQC/FWQGMJMEW/FGJ?BCJNFG?
    / +GNNGLAMRR 6GJJG?KQ6GJJG?KQ 
     #C/?JM 5  /?PICP +  J !GJ@CGQG %  CR ?J 1CQNGP?RMPW KSQAJC QRPCLERF RP?GLGLE UGRF LMLPCQNGP?RMPW K?LCSTCPQ )
    NNJ/FWQGMJZ
     #MBB2+ /MUCPQ2* 3FMKNQML# CR?J$VCPAGQCNCPDMPK?LACDMJJMUGLEGLRCLQC QFMPR RCPKTCLRGJ?RMPWUMPI(LR)
    2NMPRQ,CBZ
     $JBPGBEC%+"CLRP?JGLRCEP?RGMLMDKCAF?LGQKQGLCVCPAGQCFWNCPNLC?,CB2AG2NMPRQ$VCPAZ
     %?LE38 9MS, 2GKNJ?AC?LS5 CR?J QQCQQKCLRMDPMJCQMDQSPD?ACFGQRGBWJPCQGBSCQGLRFCKMJCASJ?P@?QGQMDRFC
    !MFPCDDCAR?LBMD@CR?FGQRGBGLCGLRFC@GLBGLEMD  @GQNFMQNFMEJWACP?RCGLFSK?LLMPK?J?BSJRFCKMEJM@GL
    !GMAFCKGQRPWZ
     )MFLQML !#  !?@AMAI ,  2SK?L .$  CR ?J $VCPAGQC GLBSACB BG?NFP?EK?RGA D?RGESC GL FC?JRFW FSK?LQ ) /FWQGMJ
    Z
     +CEP?LB 1  /PGCSP %  ,?PJCQ  CR ?J 1CQNGP?RMPW KSQAJC MVWECL?RGML IGLCRGAQ PCJ?RGMLQFGNQ UGRF @PC?RFGLE N?RRCPL
    BSPGLECVCPAGQC(LR)2NMPRQ,CBZ
     +CTGRXIW,/SJKML?PW/FWQGMJMEW-CU8MPI,A&P?U 'GJJ"MKN?LGCQ 
     +GHLCL /  'CQNCJ /  5?L .NNCLQ 2  CR ?J $PWRFPMAWRC   BGNFMQNFMEJWACP?RC ?LB QCPSK CLXWKC AMLACLRP?RGMLQ GL
    RP?GLCB?LBQCBCLR?PWKCL,CB2AG2NMPRQ$VCPAZ
     +SAG? 'MWMQ) 2?LR?JJ? CR?J3MSPBC%P?LACTCPQSQ5SCJR??$QN?L?UFGAFGQF?PBCP,CB2AG2NMPRQ$VCPA
    Z
     ,?GP@?SPJ' 2AFM@CPQ@CPECP6 '?QG@CBCP6 CR?J1CESJ?RGMLMDPCBACJJ  #/&?LB'@ . ?D¤LGRWBSPGLE?ASRC
    CVCPAGQC$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     /MUCPQ 2*  "MMK@CQ )  #CKGPCJ ' $VCPAGQC RP?GLGLE GLBSACB AF?LECQ GL PCQNGP?RMPW KSQAJCQ 2NMPRQ ,CB
    Z
     1?LB /6  -MPRML ),  !?PICP -  CR ?J (L¥SCLAC MD ?RFJCRGA RP?GLGLE ML FCKMEJM@GL MVWECL ?D¤LGRW K ) /FWQGMJ
    Z
     3?SLRML)$ 3?SLRML" !?LGQRCP$6 JRCP?RGMLQGL  #/&?LB/UGRFK?VGK?J?LBQS@K?VGK?JCVCPAGQC,CB
    2AG2NMPRQZ
     6FGNN!)/CPGNFCP?JAFCKMPCACNRMPAMLRPMJMDCVCPAGQCFWNCPNLC?GLFSK?LQ,CB2AG2NMPRQ$VCPAZ
    
     6W?RR %! "MKN?PGQML MD J?AR?RC ?LB TCLRGJ?RMPW RFPCQFMJB RM K?VGK?J MVWECL AMLQSKNRGML ? KCR? ?L?JWQGQ )
    2RPCLERF"MLB1CQZ

    
    JGTCPRG *?WQCP! ,?AIJCK/3 FSK?LKMBCJMDRFCN?RFMNFWQGMJMEWMDAFPMLGAM@QRPSARGTCNSJKML?PWBGQC?QC1CQNGPMJMEW
     Z
    !?QQCRR #1 )P  'MUJCW $3 +GKGRGLE D?ARMPQ DMP K?VGKSK MVWECL SNR?IC ?LB BCRCPKGL?LRQ MD CLBSP?LAC NCPDMPK?LAC ,CB 2AG
    2NMPRQ$VCPA Z
    !?SEFK?L1/ 2N?PIK?L!* +MUCP$$2GV KGLSRCU?JIRCQR?LBFC?JRFQR?RSQ?QQCQQKCLRGLQ?PAMGBMQGQ"FCQR Z
    
    %JMPGB? )?KCQ &  #ML?JBQML *  2RMLC 5 RFCLQ  RFC NMJJSRGML AJGK?RC ?LB ?RFJCRGA NCPDMPK?LAC ) 2NMPRQ 2AG
     Z
    '?PPGCQ, !"MDQNMPRQKCBGAGLC/SJKML?PWJGKGR?RGMLQRMNCPDMPK?LACGLQNMPR!,) Z
    '?TCPI?KN'" #CKNQCW) /CECJMU#% CR?J3PC?RKCLRMD?GPU?WGL¥?KK?RGMLGKNPMTCQCVCPAGQCNSJKML?PWE?QCVAF?LEC?LB
    NCPDMPK?LACGL?QRFK?RGAQS@HCARQ) JJCPEW"JGL(KKSLMJ Z
    *MNNM* 6FGNN!) )MLCQ , CR?J.TCPQFMMRGL5MDMJJMUGLERFCMLQCRMDKMBCP?RC GLRCLQGRWAWAJCCVCPAGQCGLRP?GLCBAWAJGQRQ
    $SP) NNJ/FWQGMJ Z
    +CTGRXIW,&/SJKML?PW/FWQGMJMEW+?LEC/FWQGMJMEW RFCB-CU8MPI,A&P?U 'GJJ,CBGA?J 
    ,?AAFG? ,?PAFGMJG1 ,?P¤QG1 CR?J KCR? ?L?JWQGQMDRPG?JQMDNSJKML?PWFWNCPRCLQGML?AJGLGA?JAMLBGRGMLJMMIGLEDMPBPSEQ
    ?LBPCQC?PAFKCRFMBMJMEW K'C?PR) Z
    ,GJJCP)# 2KGRF" 'CK?SCP2) CR?J3FCCDDCARQMDGLQNGP?RMPWGLRP?RFMP?AGANPCQQSPCNPMBSARGMLMLRFCA?PBGMT?QASJ?PPCQNMLQC
    RMQS@K?VGK?JCVCPAGQCGLFC?JRF?LBAFPMLGAFC?PRD?GJSPC K)/FWQGMJ'C?PR"GPA/FWQGMJ 'Z'
    1MKCP +,  '?TCPI?KN '"  +MTCPGLE 3  CR ?J $DDCAR MD CVCPAGQC GLBSACB ?PRCPG?J FWNMVCKG? ML OS?BPGACNQ KSQAJC D?RGESC GL
    FC?JRFWFSK?LQ K)/FWQGMJ1CESJ(LRCEP"MKN/FWQGMJ 1Z1
    1MKCP+, ,GJJCP)# '?TCPI?KN'" CR?J(LQNGP?RMPWKSQAJCQBMLMRJGKGRK?VGK?JGLAPCKCLR?JCVCPAGQCNCPDMPK?LACGLFC?JRFW
    QS@HCARQ1CQNGP/FWQGMJ-CSPM@GMJ Z
    1MQQGRCP'! *MU?JAFSI), 6FGNN!) RCQRRMCQR?@JGQFK?VGKSK.SNR?ICBCQNGRCLMNJ?RC?SGLRFC.SNR?ICPCQNMLQCRM
    P?KNGLAPCKCLR?JCVCPAGQC) NNJ/FWQGMJ Z
    1SLBCJJ*6 )CLIGLQML#,$VCPAGQC GLBSACB@PMLAFMQN?QKGLRFCCJGRC?RFJCRC2NMPRQ,CB Z
    2GM@?J,2/SJKML?PWT?QMBGJ?RMPQ1CQNGP"?PC Z
    6FGNN !) /FWQGMJMEGA?J KCAF?LGQKQ BGQQMAG?RGLE NSJKML?PW ". ?LB . CVAF?LEC BWL?KGAQ BSPGLE CVCPAGQC GL FSK?LQ $VN
    /FWQGMJ Z

    .+
    %GJJCW&% ,?AGLRMQF#) 6PGEFR&6"?P@MLKMLMVGBCSNR?IC?LBNSJKML?PWBGDDSQGLEA?N?AGRWGLLMPK?JQS@HCARQ?RPCQR?LB
    BSPGLECVCPAGQC)"JGL(LTCQR Z
    &PMBGLQ%2 L?JWQGQMDD?ARMPQAMLACPLCBGLPCESJ?RGMLMD@PC?RFGLEGLCVCPAGQC/FWQGMJ1CT Z
    'GAI?K )!  /PWMP 66  /?EC $!  CR ?J 1CQNGP?RMPW PCESJ?RGML BSPGLE CVCPAGQC GL SLAMLBGRGMLCB QS@HCARQ ) "JGL (LTCQR
     Z
    6FGNN!) 6?QQCPK?L* JTCMJ?P ?PRCPG?JE?QRCLQGMLBGDDCPCLACQBSPGLEEP?BCBCVCPAGQC) NNJ/FWQGMJ Z
    6FGNN!) 6?QQCPK?L*$D¤AGCLAWMDKSQASJ?PUMPI) NNJ/FWQGMJ Z
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      !?VHCL?>?M=L?P?L;@OH‹ŠI>?OGBILG–HCI
      "RJFC=;L;ILA;HCT;‹ŠI>IMCMN?G;?H>•=LCHI
      "RJFC=;L;MHN?M?
    ;FC<?L;‹ŠI
    INL;HMJILN??;>?AL;>;‹ŠIBILGIH;F
      !?M=L?P?LIOMI?IM?@?CNIM=IF;N?L;CM>;MMO<MN‡H=C;M;H;<IFCT;HN?MONCFCT;>;MJIL;NF?N;M
      "RJFC=;L;M>C@?L?H‹;M?HNL?;MP†LC;M;F‹;M>?L?NLI;FCG?HN;‹ŠIBILGIH;F
      !?M=L?P?L;M;‹™?M?H>•=LCH;M
    ;ON•=LCH;M?J;L†=LCH;M?MO;CGJILN‡H=C;J;L;;ML?MJIMN;MBILGIH;CM;I
    ?R?L==CI
      "RJFC=;L IM =C=FIM =CL=;>C;HIM ? ;M GO>;H‹;M M;TIH;CM HIM BILG–HCIM ? =IGI ?F?M M? L?F;=CIH;G =IG I
    NL?CH;G?HNI?I>?M?GJ?HBI
      !?M=L?P?L?>CMNCHAOCL;MCHN?L;‹™?M>?J?JN>CIM??MN?LIC>?M=IGIML?=?JNIL?M
      !?M=L?P?L;MCHN?L;‹™?M>IBCJIN†F;GI=IG;BCJ•VM?
      !CM=ONCLIMIONLIMNCJIM>?BILG–HCI>I=L?M=CG?HNI?MO;ML?MJIMN;M;I?R?L==CI
      !?M=L?P?LIMJ;JŒC​M
    ;L?AOF;‹ŠI
    ;ML?MJIMN;M
    ;MCHN?L;‹™?M?;M;>;JN;‹™?M;I?R?L==CI>IMBILG–HCIM
    ;JL?M?HN;>IMH?MN?=;JNOFI
      "RJFC=;LICGJ;=NI>;=IGJ?NC‹ŠIH;ML?MJIMN;M?H>•=LCH;M

    % MCMN?G; ?H>•=LCHI ? I MCMN?G; H?LPIMI MŠI IM >ICM JLCH=CJ;CM MCMN?G;M >?
    =IGOHC=;‹ŠI >I =ILJI
     ?HPC;H>I MCH;CM IO G?HM;A?HM J;L; CHWO?H=C;L L?MJIMN;M ?
    ;>;JN;‹™?M VMCIF•AC=;M  , MCMN?G; ?H>•=LCHI ?HPC; OG MCH;F H; @ILG; >? OG BILG–HCI

    KO?ŒOG;MO<MN‡H=C;KO​GC=;FC<?L;>;HIM;HAO?JILOG;AF‡H>OF; 2G;AF‡H>OF;ŒOG
    ALOJI ILA;HCT;>I >? =ŒFOF;M KO? @OH=CIH; =IGI OG •LAŠI M?=L?N;H>I MO<MN‡H=C;M KO​
    GC=;M  ;>;BILG–HCIKO?ŒFC<?L;>IJILOG;AF‡H>OF;Œ>CL?=CIH;>I?MJ?=CV=;G?HN?;
    OG L?=?JNIL ?G OG; =ŒFOF; ?MJ?=V=;  MMCG
     I N?LGI UL?=?JNIL ;FPI[ ?MN† L?F;=CIH;>I
    =IG I =IH=?CNI BILGIH;F >? OG =IHDOHNI ?MJ?=V=I >? >?MNCHIM =?FOF;L?M J;L; I MCH;F
    ?HPC;>IJ?F;AF‡H>OF; 2GBILG–HCIJI>?;@?N;LGOCN;M=ŒFOF;M>C@?L?HN?M
    JILŒG;J?H;M
    ;KO?F;M KO? NG M?O L?=?JNIL  , MCMN?G; ?H>•=LCHI GI>OF; OG; ;GJF; A;G; >?
    ;NCPC>;>?M =ILJIL;CM >?M>? ; @OH‹ŠI =?FOF;L ;NŒ I G?N;<IFCMGI IM JLI=?MMIM M?RO;CM ?
    L?JLI>ONIL?M I =L?M=CG?HNI N?​=C​>O;F ; L?AOF;‹ŠI >IM WOC>IM ; MHN?M? ? ; >?AL;>;‹ŠI
    JLIN?C=;?IM?MN;>IM>?BOGIL
    OG?HNIM H;M =IH=?HNL;‹™?M BILGIH;CM =IG I ?R?L==CI MŠI CGJILN;HN?M J;L; ;
    GI>OF;‹ŠI >;M @OH‹™?M VMCIF•AC=;M
     <?G =IGI J;L; I L?J;LI ? I L?GI>?F;G?HNI >IM
    N?=C>IM =ILJIL;CM   #CAOL;   GIMNL; ;FAOG;M >;M JLCH=CJ;CM AF‡H>OF;M ?H>•=LCH;M ?
    IONLIM •LAŠIM KO? FC<?L;G BILG–HCIM
     KO? N;G<ŒG JI>?G M?L =IHMC>?L;>IM =IGI
    AF‡H>OF;M?H>•=LCH;M
    )86=8J203>3>B8BC4<04=3{2A8=>?0A00JB8>;>6803>4G4A2w28>

    /MPOSCMCLRCLBGKCLRMBMQGQRCK?CLB™APGLMRŽMGKNMPR?LRCN?P?SKNPM¤QQGML?JBMCVCPA”AGM QCESGP SK?JGQR?BC


    ?JESLQBMQKSGRMQR™NGAMQBGDCPCLRCQOSCCLTMJTCKMQGQRCK?CLB™APGLMCOSCQŽMPCESJ?BMQNCJMQFMPKšLGMQ

    4QM?@SQGTMBCQS@QR‹LAG?Q?L?@MJGX?LRCQLMCQNMPRC
    1CQGQR‘LAG?GLQSJ”LGA?
    2”LBPMKCKCR?@™JGA?
    ,CLMN?SQ?
    LBPMN?SQ?
    #G?@CRCQ

    "MKMSKNPM¤QQGML?JBMCVCPA”AGM TMA‘QCBCN?P?PŠAMKCQQCQR™NGAMQRMBMQMQBG?Q JCGRSP?QM@PCMQ?QNCARMQ@ŠQGAMQ


    BM QGQRCK? CLB™APGLM  AMKM CJC DSLAGML? C OS?GQ FMPKšLGMQ CQRŽM CLTMJTGBMQ CK BGDCPCLRCQ NPMACQQMQ ?HSB?PŠ TMA‘ ?
    AMKNPCCLBCPAMKMMAMPNMDSLAGML? QPCQNMQR?Q?ESB?Q?MCVCPA”AGM?HSB?KMAMPNM?DSLAGML?PBSP?LRC??RGTGB?BCC
    ?PCESJ?PMKCR?@MJGQKM PCASNC​P?ŽMBMCQRPCQQCBMCVCPA”AGMCMPCN?PMRC​AG​BS?JQS@QCOSCLRCR?K@KCQRŽMJGE?BMQQ
    PCQNMQR?Q FMPKML?GQ /MP ¤K  FMPKšLGMQ C QCSQ PCACNRMPCQ KCBCG?K ?B?NR?CQ ?M RPCGL?KCLRM BC CVCPA”AGMQ Q
    ?B?NR?CQQŽM?QKSB?L?QAPšLGA?QB?QPCQNMQR?Q¤QGMJ™EGA?QNCV R?K?LFMBMAMP?ŽM NPCQQŽM?PRCPG?J B??L?RMKG?
    CQRPSRSP?JMSB?KMPDMJMEG?NCV R?K?LFMB?¤@P? h SQASJ?P BCLQGB?BC™QQC? 

    ! 

    %D:DE6>26?54C:?@EC2?D>:E6>6?D286?DBF6:?MF6?4:2>2DC6DA@DE2D62D252AE2w‚6DLD:@=8:42D5@4@CA@
    D4@?46?EC2w‚6D9@C>@?2:D>F52>5C2DE:42>6?E64@>@6I6C4{4:@A2C2>@5F=2C2D7F?w‚6DLD:@=8:42D

    CLBMAPGLMJMEG??AG‘L​AG?B?AMKSLGA?ŽMGLRCPCGLRP?ACJSJ?PBC¤LGB?NMP!?WJGQQC2R?PJGLEFŠK?GQBC?LMQ 
    QBCK?LB?QBMCVCPA”AGMQŽMKSGRMCQNCA”¤A?Q.QBCQ?¤MQBMCQRPCQQCD”QGAM?QQMAG?BM?MCVCPA”AGMNMBCKPCQSJR?PCK
    ?SKCLRMQKCR?@™JGAMQBCTCXCQMSK?GQ CPCOSCPCPNPMBSŽMBCDMP?​KSQASJ?POSCNMBC?JA?L?PMQJGKGRCQKŠVGKMQ
    .Q BCQ?¤MQ B? AMKNCRGŽM R?K@K AMLRCKNJ?K SK CQNCARPM ?KNJM BC BCK?LB?Q D”QGA?Q  BCQBC CTCLRMQ BC ,5+<9(5*,
    AMKMSK?K?P?RML? OSCNMBCQCPNCPAMPPGB?CK?RMJCT?LR?KCLRMBCNCQM LMOS?JNMQQ”TCJJCT?LR?P?R
    IE'MPKšLGMQKCBCG?KN?PAG?JKCLRCR?LRMMBCQCKNCLFMOS?LRM?PCASNC​P?ŽMBCRMBMQMQRGNMQBCCVCPA”AGM
    86DA0   &A8=28?08B 6;p=3D;0B 4=3{2A8=0B 3> 2>A?> !? IB?H '
     1;SFIL ''  *?GGF?LM 1B? %OG;H I>S CH
    %?;FNB;H>!CM?;M? NB?> ;FNCGIL?
    *!)CJJCH=INN4CFECHM 

    %A60=8H0sr>3>B8BC4<0=4DA>4=3{2A8=>

    $K CQQ‘LAG?  M QGQRCK? LCSPMCLB™APGLM  SK? PCBC BC EJ‹LBSJ?Q C BC QS@QR‹LAG?Q JG@CP?B?Q NMP CQQ?Q EJ‹LBSJ?Q OSC
    AMLRPMJ?K?DSLŽM¤QGMJ™EGA?LML”TCJACJSJ?P

    @C>€?:@D
     3?@CJ?  JGQR? MQ NPGLAGN?GQ FMPKšLGMQ QCAPCR?BMQ NMP TŠPG?Q EJ‹LBSJ?Q  ™PEŽMQ  RCAGBMQ C AJSJ?Q BM AMPNM .Q
    FMPKšLGMQ K?GQ @CK A?P?ARCPGX?BMQ QŽM ?OSCJCQ QCAPCR?BMQ NCJ?Q EJ‹LBSJ?Q CLB™APGL?Q GLB? ?QQGK  CQQ? DSLŽM @ŠQGA?
    NMBC QCP ?NJGA?B? ? MSRPMQ ™PEŽMQ  RCAGBMQ C AJSJ?Q LM AMPNM (QQM JCTMS ? CVNPCQQCQ AMKM >5EB?5>4s3B9>?
    LCSPMCLB™APGLM GKSLC CRA  GLBGA?LBM SK? GLRCP?ŽM BMQ QGQRCK?Q ¤QGMJ™EGAMQ L? NPMBSŽM C JG@CP?ŽM BC QS@QR‹LAG?Q
    FMPKML?GQ

    '-.18-#>5:/5<-5?4;>9l:5;??1/>1@-0;?<;>Bb>5-?38c:0A8-?1:0k/>5:-?:;/;><;1?A-?
    -em1?.b?5/-?

    hA6r>
    4=3{2A8=> >A<|=8> &A8=28?08B0s~4B
    3CQR”ASJMQ 3CQRMQRCPML? $QRGKSJ?MBCQCLTMJTGKCLRMC?K?LSRCLŽMB?QA?P?ARCP”QRGA?QQCVS?GQ
    K?QASJGL?Q MAPCQAGKCLRMCM?L?@MJGQKMNPMRCGAM
    .TŠPGMQ $QRPME‘LGM #CQCLTMJTCMQA?P?ARCPCQQCVS?GQQCASLBŠPGMQDCKGLGLMQK?RSP?ŽMB?Q
    CN”¤QCQBMQMQQMQJMLEMQ
    /PMECQRCPML? #CQCLTMJTC?QA?P?ARCP”QRGA?QQCVS?GQDCKGLGL?QK?LRK?EP?TGBCX
    BCQCLTMJTC?QEJ‹LBSJ?QK?KŠPG?Q
    BCLM FGN™¤QC 'MPKšLGMBMAPCQAGKCLRM $QRGKSJ??Q”LRCQCBC(&% (C(&% ((CQRGKSJ??Q”LRCQCBCNPMRC”​L?Q M
    &' APCQAGKCLRMCMKCR?@MJGQKMGL​RCP​KC​BGŠ​PGM
    'MPKšLGM $QRGKSJ??JG@CP?ŽMBCEJGAMAMPRGAMGBCQNCJMA™PRCVB?EJ‹LBSJ?
    ?BPCLMAMPRGAMRP™¤AM QSNP?PPCL?J
     "3'
    'MPKšLGMCQRGKSJ?BMPB? $QRGKSJ??Q”LRCQCC?QCAPCŽMBCFMPKšLGMRGPCMGBG?LM
    RGPCMGBC32'
    'MPKšLGM $QRGKSJ?MAPCQAGKCLRMBCDMJ”ASJMQLMMTŠPGMCBMQRž@SJMQQCKGL”DCPMQ
    DMJGASJMCQRGKSJ?LRC%2' LMQRCQR”ASJMQC?NPMBSŽMBCCQNCPK?
    'MPKšLGMJSRCGLGX?LRC+' $QRGKSJ??MTSJ?ŽMC?NPMBSŽMC?QCAPCŽMBCFMPKšLGMQQCVS?GQ
    LMQMTŠPGMQCLMQRCQR”ASJMQ
    /PMJ?ARGL?/PJ $QRGKSJ??NPMBSŽMBCJCGRCL?QEJ‹LBSJ?QK?KŠPG?Q
    -CSPM FGN™¤QC 'MPKšLGM?LRGBGSPRGAM SKCLR??PC?@QMPŽMBCŠES?NCJMQPGLQCCQRGKSJ??AMLRP?ŽMB?
     #' KSQASJ?RSP?JGQ?
    .AGRMAGL? $QRGKSJ??AMLRP?ŽMSRCPGL?C?JG@CP?ŽMBCJCGRCNCJ?QEJ‹LBSJ?Q
    K?KŠPG?Q
    "™PRCVB? &JGAMAMPRGAMGBCQ (LG@CKMSPCR?PB?K?GLAMPNMP?ŽMBC?KGLMŠ​AGBMQCKNPMRC”​L?Q
    EJ‹LBSJ? AMPRGQMJ CQRGKSJ?K?AMLTCPQŽMBCNPMRC”​L?QCKA?P@MGBP?RMQ
    QSNP?PPCL?J EJGAMLCME‘LCQC K?LR‘KML”TCJBC?žA?PQ?LES”​LCMLMPK?J
    AMLQCPT?KEJGAMQCNPMKMTCKMKCR?@MJGQKMB?EMPBSP?
    ,GLCP?JMAMPRGAMGBCQNCV SKCLR?KMSBGKGLSCKMKCR?@MJGQKMBCQ™BGMCBCNMRŠQQGM
    ?JBMQRCPML? ?SKCLR?K?ŠES?AMPNMP?J
    BCQMVGAMPRGAMQRCPML?CRA
    ,CBSJ?B? BPCL?JGL? SKCLR?MB@GRMA?PB”?AM?SKCLR?M?žA?PAMPNMP?J ?OSC@P?BC
    EJ‹LBSJ? EJGAME‘LGMC?KM@GJGX?ŽMBCEMPBSP?
    QSNP?PPCL?J
    -MP?BPCL?JGL? 2GKGJ?P??BPCL?JGL?K?GQAMLQRPGŽMBCT?QMQQ?LES”LCMQ
    N?PAG?JKCLRC
    /P™ CLACD?JGL?QNCV L?JEQGAM ?SKCLR??DSLŽMGKSLC
    NCNR”BGM% $
    &J‹LBSJ? 3GPMVGL? $QRGKSJ?MKCR?@MJGQKMMVGB?RGTML?KGRMAšLBPG?CMAPCQAGKCLRM
    RGPCMGBC ACJSJ?P
    "?JAGRMLGL? 1CBSXMQL”TCGQQ?LES”​LCMQBCAŠJAGMGLG@C?DSLŽMBMQMQRCM​AJ?QRMQ
    "MP?ŽM 'MPKšLGM?RPG?JL?RPGSPRGAM %?AGJGR??CVAPCŽMBCQ™BGMCŠES?PCESJ??NPCQQŽM?PRCPG?JC?
    A?PBGMKG™​AGRMQ FMKCMQR?QG?BMTMJSKCCQCMNCQ?CQBMQGQRCK?PCLGL?
    ?LEGMRCLQGL?
    /‹LAPC?Q (LQSJGL? $QRGKSJ???@QMPŽMBCEJGAMQCCQCS?PK?XCL?KCLRMAMKMEJGAME‘LGM
    &JSA?EML SKCLR?MQL”TCGQQ?LES”​LCMQBCEJGAMQC
    &J‹LBSJ?Q 'MPKšLGMN?P?RGPCMGBG?LM SKCLR?MAŠJAGMQ?LES”​LCMBGKGLSGMDMQD?RMQ?LES”​LCM
    N?P?RGPCMGBCQ
    /CJC 5GR?KGL?# /PMBSXTGR?KGL?#?N?PRGPBM BCGBPMAMJCQRCPMJCB?JSXBMQMJ
    3CAGBM?BGNMQM +CNRGL? 1CESJ?M?NCRGRCCME?QRMBCCLCPEG?

    10&(064$_g(55$0*7b​0($5
    .QFMPKšLGMQQŽMJG@CP?BMQLMQ?LESCNCJ?QEJ‹LBSJ?QCLB™APGL?Q.Q?LESC?ECAMKMMNPGLAGN?JQGQRCK?BCRP?LQNMPRC
    N?P? MQ FMPKšLGMQ ?R QS?Q AJSJ?Q ?JTM KMQRP?Q BC Q?LESC QŽM M@RGB?Q N?P? M@QCPT?P ?Q KSB?L?Q L?Q AMLACLRP?CQ
    FMPKML?GQ0, ?OS?LRGB?BCKMJ?PB?QS@QR‹LAG? AMKMCQRPCQQCBMCVCPA”AGMMS?N™QSKNCP”M​BMBCRPCGL?KCLRM N?P?
    ?BOSGPGPAMKNPCCLQŽMQM@PC?KMBSJ?ŽMBCQQ?QAMLACLRP?CQNMPA?SQ?BMCVCPA”AGM?ESBMMSAPšLGAM
    .QFMPKšLGMQNMBCKQCPCLAMLRP?BMQCKTŠPGMQAMKNMLCLRCQBMQ?LESC OSCDMPK?BMNCJM@<1C=10, Q?LESCLŽM
    AM?​ESJ?BM =,9:<: M C?B?  CK OSC DMG DMPK?BM SK AMŠ​ESJM  NCJMQ EJ™@SJMQ @P?LAMQ KGQRMQ JCSA™AGRMQ  NCJ?Q NJ?OSCR?Q
    R?K@KAF?K?B?QBCRPMK@™AGRMQ CNCJ?QFCKŠAG?Q0, CPGRP™AGRMQ AMKMKMQRP?BML?%GESP?.@TG?KCLRC KSGR?Q
    MSRP?Q QS@QR‹LAG?Q QŽM RP?LQNMPR?B?Q NCJM Q?LESC ?JK BMQ FMPKšLGMQ  AMKM E?QCQ N CV  MVGE‘LGM  C EMPBSP?Q N CV
    AMJCQRCPMJ RMBMQLCQQCKCGMBCRP?LQNMPRCD?LRŠQRGAMOSCN?PRCBMQGQRCK?AGPASJ?R™PGM

    86DA0 ><?>=4=C4BB0=6Dw​=4>B?;0B<0;4D2{28C>B4?;0@D4C0B44A8CA{28C>B"MM?ŒIG?CI>?NL;HMJILN?
    JLCH=CJ;FHI=ILJIBOG;HI

    5647674$(5b06(5(+14/10$.
    'ŠRGNMQBCFMPKšLGMQCQRCPMGBCQ NCNR”BGMQC?KGLMŠ​AGBMQKMBG¤A?BMQ R?K@KAF?K?BMQBC?KGL?Q"?B?SKRCK
    SK?CQRPSRSP?OS”​KGA?CQNCA”¤A?OSCBCRCPKGL?AMKMCJCGLRCP?ECAMKMQPCACNRMPCQB?AJSJ? ?JTM QCQRPSRSP?QBCQQ?Q
    RP‘QAJ?QQCQNPGLAGN?GQBCFMPKšLGMQNMBCKQCPTGQR?QL?%GESP?
    .QFMPKšLGMQCQRCPMGBCQQŽMRMBMQBCPGT?BMQBMAMJCQRCPMJCR‘KMKCQKM?LCJCMQGQRCK?BCLSKCP?ŽM?RšKGA?BM
    AMJCQRCPMJ v GKNMPR?LRC AMKNPCCLBCP OSC LCK RMBMQ MQ CQRCPMGBCQ R‘K ? KCQK? DSLŽM 4K CQRCPMGBC NMBC QCP SK
    RP?R?KCLRMKBGAMN?P??QK?MSRPM SKDŠPK?AMN?P?¤QGASJRSPGQKMMSSKCQRCPMGBC1>12s<93?N?P?AMLQRPSGP N?P??
    Q”LCQC BC ​KžQASJM !MVCQ  C   QQGK  M RCPKM YCQRCPMGBC^ PCNPCQCLR? SK? AJ?QQC ?@P?LECLRC BC KSGRMQ RGNMQ BC
    FMPKšLGMQ AMK DSLCQ BGDCPCLRCQ  K?Q AMK CQRPSRSP?Q BC ?LG​Q OS”​KGAMQ QGKGJ?PCQ .Q FMPKšLGMQ CQRCPMGBCQ CVCPACK
    QS?QDSLCQNCJ?QGLRCP?CQBGPCR?QAMKMQCJCKCLRMQPCESJ?R™PGMQBM#-  GLRCP?ŽMAMKM#- JCT??MNPMACQQMBC
    RP?LQAPGŽM BMQ ECLCQ ?RGT?BMQ  QGL?JGX?LBM N?P? ? AJSJ? QGLRCRGX?P NPMRC”​L?Q /MP CVCKNJM  ? RCQRMQRCPML? QGL?JGX? SK
    CQR”KSJM ?L?@™JGAM N?P? NPMKMTCP ? Q”LRCQC BC NPMRC”​L?Q  CLOS?LRM M AMPRGQMJ QGL?JGX? SK NPMACQQM 31D12s<93? N?P?
    BCEP?B?ŽMMSOSC@P?BCNPMRC”​L?Q?¤KBCNPCQCPT?PMEJGAME‘LGMh SQASJ?P
    .QFMPKšLGMQNCNR”BGAMQQŽMAMKNMQRMQBCLMTC?KGLMŠ​AGBMQ$JCQQŽMNPMBSXGBMQCKKSGR?QB?QEJ‹LBSJ?QCLB™APGL?Q
    NCV ??BCLM FGN™¤QCQCAPCR?FMPKšLGMQBCAPCQAGKCLRM CNMBCKRCPCQRPSRSP?QKSGRMAMKNJCV?QCAMLRCPACLRCL?QBC
    ?KGLMŠ​AGBMQNCV MFMPKšLGMBMAPCQAGKCLRMBCI#?AMLRKSK?QC​OS‘LAG?BC?KGLMŠ​AGBMQ .QFMPKšLGMQ
    NCNR”BGAMQCVCPACKQCSQQGL?GQGLBGPCR?KCLRCTG?QGQRCK?QQCASLBŠPGMQBCQGL?JGX?ŽMGLRP?ACJSJ?P
    .QAMKNMQRMQBC?KGL?DMPK?KMMRGNMBCFMPKšLGMQ3?GQAMKNMQRMQMPE‹LGAMQAMLR‘KLGRPME‘LGMC?DMPK?ECP?J
    BCSK??KGL? OSCRCKSKEPSNM?JOSGJ?3?LRMSK?OS?LRM?K@?Q?QKMJASJ?QBCFGBPME‘LGMNMBCKQCPQS@Q​RG​RS”​B?QCM
    AMKNMQRM ?GLB? K?LRCPŠ QS? GBCLRGB?BC AMKM SK? ?KGL? Q ?KGL?Q K?GQ CQRSB?B?Q L? ¤QGMJMEG? BM CVCPA”AGM QŽM ?Q
    A?RCAMJ?KGL?Q  OSC QŽM BCPGT?B?Q BM ?KGLMŠ​AGBM RGPMQGL? C AMLR‘K EPSNMQ A?RCAMJ C ?KGL?  ?BPCL?JGL? R?K@K
    AMLFCAGB?AMKMCNGLCDPGL? ?K?GQAMLFCAGB?B?QA?RCAMJ?KGL?QCCQRŠCLTMJTGB?AMK?PCQNMQR?YJSR?MSDSE?^

    86DA0   BCADCDA0B 3>B  ?A8=28?08B C8?>B 34 7>A<|=8>B  , =ILNCMIF Œ OG L?JL?M?HN;HN? >? BILG–HCI
    U?MN?LIC>?[
     =IG MO; <;M? >? =IF?MN?LIF =;L;=N?LMNC=; @ILG;>; J?F; ?MNLONOL; >? ;H?F =IG  G?G<LIM   
    ;>L?H;FCH; Œ OG L?JL?M?HN;HN? >? BILG–HCI >I NCJI U;GCH;[    CHMOFCH; Œ OG L?JL?M?HN;HN? >? BILG–HCI
    J?JN>C=I@ILG;>IJILOG;M?​KOH=C;>?;GCHI†​=C>IM

    ,4&  ;


    #;7,--;<-:71,-;)6)*741B)6<-;-,-07:5m617,7+:-;+15-6<70=5)67
    87:)<4-<);
    $938?<1C (1D1=5CC&8
    ,7(9;4,5;6-,(3;/(5+?,9*0:, *0,5*,
    !/,633,.,6-,>,9:,@
    >05.

    ,SGRMQ?RJCR?QSQ?KCQRCPMGBCQ?L?@MJGX?LRCQ ?LBPME‘LGAMQ$ C CKSKEP?SKCLMP FMPKšLGMBMAPCQAGKCLRM


    FSK?LM '&'  N?P? KCJFMP?P M BCQCKNCLFM $K@MP? QCH? LCACQQŠPG? NPCQAPGŽM N?P? CQQ?Q QS@QR‹LAG?Q
    GLDCJGXKCLRC CJ?Q QŽM SQ?B?Q C ?@SQ?B?Q GJCE?JKCLRC NMP KSGRMQ ?RJCR?Q 'GQRMPGA?KCLRC  MQ ?RJCR?Q BC DMP? C BC
    NMR‘LAG?CP?KMQSQSŠ​PGMQNPCBMKGL?LRCQBCQQCQDŠPK?AMQ$LRPCR?LRM QCSSQMQCCQN?JFMSAMLDMPKCMRPCGL?KCLRM
    BCPCQGQR‘LAG?E?LFMSNMNSJ?PGB?BCC?RJCR?QB?K?GMPG?BMQCQNMPRCQ?QCVNCPGKCLR?P?K
    $  QŽM BCPGT?BMQ QGLRRGAMQ B? ;,:;6:;,965( .Q CDCGRMQ ?LBPME‘LGAMQ CQRŽM PCJ?AGML?BMQ AMK M N?NCJ B?
    RCQRMQRCPML? LM BCQCLTMJTGKCLRM B?Q A?P?ARCP”QRGA?Q QCVS?GQ QCASLBŠPG?Q C BM QGQRCK? PCNPMBSRGTM $LRPCR?LRM
    KSGRMQ?RJCR?QRCLR?KPCBSXGPCQQCQCDCGRMQSRGJGX?LBMCQRCPMGBCQOSGKGA?KCLRCKMBG¤A?BMQOSCPCBSXCKMQCDCGRMQ
    ?LBPME‘LGAMQ  CQRCPMGBCQ GLHCRŠTCGQ MS MSRPMQ DŠPK?AMQ .Q CQRCPMGBCQ ?L?@MJGX?LRCQ R‘K KSGR?Q NPMNPGCB?BCQ
    CPEME‘LGA?QCCJCT?KMQCESGLRC FGNCPRPM¤?h SQASJ?P ,5+<9(5*, NMR‘LAG?CDMP? JGN™JGQC K?QQ?RC​AG​BS?J
    A?PB”?​A?   A?N?AGB?BC BC PCASNC​P?ŽM CLRPC QCQQCQ   BCLQGB?BC KGLCP?J ™QQC?   ?PK?XCL?KCLRM BC
    EJGAME‘LGM   RP?LQKGQQŽM LCSP?J   CPGRPMNMCQC   RMJCP‹LAG?  BMP C   ?EPCQQGTGB?BC "MLRSBM  ?JESLQ
    NMQQ”TCGQ CDCGRMQ AMJ?RCP?GQ GLAJSCK  ?JRCP?CQ PCNPMBSRGT?Q EGLCAMK?QRG? ?ALC NCPB? BC A?@CJM PCRCLŽM BC
    ¥SGBM JG@GBM ?SKCLR?B? NPCQQŽM ?PRCPG?J C +#+ ?SKCLR?B?Q '#+ PCBSXGB? BCNPCQQŽM ?JRCP?CQ BC FSKMP
    ?LMPK?JGB?BCQB?LMQ ? ™PEŽMQ CLDP?OSCAGKCLRM BM RCAGBM AMLCARGTM ?R?OSC BC P?GT? AMLACLRP?CQ K?GMPCQ BC
    CQRPME‘LGMCLEPMQQ?KCLRMB?TMXC?LMPK?JGB?BCQA?PBGMT?QASJ?PCQ
    . RCQRC N?P? $   DCGRM NCJ? ?LŠJGQC B? SPGL?  SRGJGX?LBM APMK?RMEP?¤? J”OSGB? C E?QMQ? ?QQMAG?B? 
    CQNCARPMKCRPG?BCK?QQ?CCQNCARPMKCRPG?BCK?QQ?BC?JR?PCQMJSŽM.QKCR?@™JGRMQBC$ CLAMLRP?BMQL?SPGL?
    GLBGA?K SK RCQRC BC +6705. NMQGRGTM /?P? BCRCAŽM BM SQM BC RCQRMQRCPML?  ? P?XŽM B? RCQRMQRCPML? CLAMLRP?B? L?
    SPGL? N?P? QCS KCR?@™JGRM CNGRCQRMQRCPML? P?XŽM 3$   SK K?PA?BMP AMKSK 'GQRMPGA?KCLRC  CP? SRGJGX?B? SK?
    P?XŽM K?QCJ?DMGBGKGLS”​B?N?P??P?XŽMKBG?BC 4KRCQRCOSC?NPCQCLRCSK?P?XŽMK?GMPBMOSC
    GQQMGLBGA?SQMBCRCQRMQRCPML? RJCR?QQŽMAMLFCAGBMQNMPYTCLACPCK^MQRCQRCQBC+6705.SRGJGX?LBMKSGR?QRALGA?Q
    GLAJSQGTC BGJSGP M TMJSKC B? SPGL? AMLR?KGL?P ?Q ?KMQRP?Q BC SPGL? SRGJGX?P ?ECLRCQ K?QA?P?BMPCQ BGKGLSGP
    EP?BS?JKCLRC MS BCQAML​RG​LS?P M SQM BC $  OS?LBM QC Q?@C ? B?R? BM RCQRC SRGJGX?P CQRCPMGBC AMK RCKNM BC
    BCRCAŽM KCLMP AMLQSKGP CNGRCQRMQRCPML? N?P? @?J?LAC?P ? P?XŽM 3$ C QS@QRGRSGP ? NP™NPG? SPGL? NCJ? BC MSRP?
    NCQQM?$K@MP?LŽMQCH?BMASKCLR?BM N?PCACOSCKSGRMQ?RJCR?QCQRŽMAGCLRCQBCQQ?QNPŠRGA?Q MOSC QCKBžTGB?Q
    PCQSJRMSCKSK?OS?LRGB?BCKSGRMNCOSCL?BCRCQRCQNMQGRGTMQCK?RJCR?QSRGJGX?LBM$  
    . FMPKšLGM BM APCQAGKCLRM FSK?LM '&'   JG@CP?BM NCJ? ?BCLM FGN™¤QC C ?NPCQCLR? KSGR?Q DSLCQ
    ?L?@™JGA?Q  BC OSCGK? BC EMPBSP? C BC KCJFMP? BC BCQCKNCLFM QGKGJ?PCQ Q B? RCQRMQRCPML? Q NPMNPGCB?BCQ
    ?L?@™JGA?Q CQRGKSJ?K M APCQAGKCLRM BMQ MQQMQ C BM ​KžQASJM CQOSCJRGAM  K?Q R?K@K ?DCR?K MSRPMQ ™PEŽMQ
    GKNMPR?LRCQ  JCT?LBM ? CDCGRMQ AMJ?RCP?GQ NMRCLAG?GQ . '&' PCAMK@GL?LRC RCK QGBM SRGJGX?BM AJGLGA?KCLRC N?P?
    RP?R?P KSGR?Q BMCL​?Q $LRPCR?LRM  MQ ?RJCR?Q R‘K CQR?BM AGCLRCQ BM NMRCLAG?J ?L?@™JGAM BM '&' BCQBC M ¤L?J B?
    BA?B?BC CDMGSQ?BMC?@SQ?BMNMP?RJCR?QBCQBCCLRŽM.'&'NMBC?SKCLR?P?DMP?BMRCAGBMAMLCARGTM
    MOSCNMBCPCBSXGPMNMRCLAG?JBCJCQŽM
    JESLQCQRSBMQAJ”LGAMQKMQRP?P?KOSCMQCDCGRMQBM'&'QMXGLFMLM​KžQASJMCQOSCJRGAMNMBCKLŽMQCPRŽM
    NMRCLRCQ $LRPCR?LRM  ? K?GMPG? BMQ ?RJCR?Q OSC SRGJGX? '&' CK BMQCQ OSC CVACBCK BC JMLEC ?Q PCAMKCLB?CQ
    AJ”LGA?Q  BGX QC @CLC¤AG?P KSGRM BGQQM $K@MP? M '&' NMP QG QCH? CPEME‘LGAM  ?APCBGR? QC OSC MQ K?GMPCQ CDCGRMQ
    QCH?K TGQRMQ OS?LBM M '&'  ?AMNJ?BM ?M $  MS ? MSRP?Q QS@QR‹LAG?Q ?L?@™JGA?Q APCBGR? QC OSC M CDCGRM
    QGLPEGAMBMQBMGQNPMNMPAGMLCNMR‘LAG??L?@™JGA?K?GMPBMOSCBCOS?JOSCPSKBMQBMGQGQMJ?BMQ
    .'&'A?PMSK?KMJASJ?NPMRCGA?OSCNPCAGQ?QCPK?LRGB?PCDPGECP?B?BSP?LRCMRCKNMRMBMCQCPGLHCR?B?
    NMPOSCCJ?QCPG?BCEP?B?B?QCDMQQCRMK?B?MP?JKCLRC-ŽMCLAMLRP?BML?SPGL? NMPR?LRM LŽMNMBCQCPBCRCAR?BM
    NMP+6705.,SGRMQ?RJCR?QSRGJGX?K'&'N?P?CQA?N?PB?BCRCAŽM5ŠPGMQKRMBMQN?P?BCRCPKGL?PM'&'DMP?K
    NPMNMQRMQCRCQR?BMQ GLAJSGLBMCV?KCQBCQ?LESCKCBGLBMMSRPMQCAPCR?EMEM (&% (CMSRP?QNPMRC”​L?Q N™QCQQC
    RCQRC SKLMTMRCQRCBC+6705.BC'&'DMGGKNJCKCLR?BMNCJ? E‘LAG?,SLBG?J LRGBMNGLECRCKQGBMSRGJGX?BM
    N?P?BCRCAR?PMSQMBC'&'CK?RJCR?Q
    . SQM BC '&' NMBC JCT?P ? CDCGRMQ AMJ?RCP?GQ QGELG¤A?RGTMQ GLAJSGLBM FGNMEJGACKG? NPCQQŽM ?PRCPG?J CJCT?B?
    NCP¤Q FMPKML?GQ C DSLŽM RGPCMGBG?L? ?JRCP?BMQ ?SKCLRM BMQ ™PEŽMQ B?LM PCL?J C FCNŠRGAM BMPCQ BC A?@C? C
    ?JRCP?CQBCFSKMP.APCQAGKCLRMNCPACNR”TCJBMQMQQMQ(*964,.(30( R?K@KMAMPPC.APCQAGKCLRMBMQMQQMQL?
    RCQR? L?K?LB”@SJ? L?QKŽMQCLMQNQQŽMA?P?ARCP”QRGA?QBGQRGLR?QBMSQMBC'&'CK?RJCR?Q

    %121>g:/5-?
     'MDDK?L )1  1?R?KCQQ -  ,CBGA?J GQQSCQ MD ?L?@MJGA QRCPMGBQ ?PC RFCW MTCP CV?EECP?RCB ) 2NMPRQ 2AG ,CB
    Z
     *P?CKCP6) #SLL +CUGQ" "MKQRMAI! 3FMK?Q& "J?PI)$ -GLBJ!"&PMURFFMPKMLC CVCPAGQC ?LB
    ?RFJCRGANCPDMPK?LAC?AMLRGLSCBCTMJSRGMLMDAMKNJCVGRW"SPP2NMPRQ,CB1CN Z
     /?PIGLQML !  $T?LQ -  L?@MJGA ?LBPMECLGA QRCPMGBQ ? QSPTCW MD  SQCPQ ,CB 2AG 2NMPRQ $VCPA
    Z
     /CPPW /)  +SLB !"  #CLGLECP ,)  CR ?J L?@MJGA QRCPMGB SQC GL UCGEFRJGDRCPQ ?LB @MBW@SGJBCPQ ?L GLRCPLCR
    QSPTCWMDBPSESRGJGX?RGML"JGL)2NMPR,CBZ
     1?R?KCQQ- "M?AFCQ&SGBCRM/CPDMPK?LAC $LF?LAGLE2SNNJCKCLRQ,MLRCPCW " "M?AFCQ"FMGAC!MMIQ
    

    ,4&  <


    16-+75);<1)

     ILN?MC;>I!L *IL>=;CF;O*!
    -
    4?MN=B?MN?L+?Q6ILE?MNB?NC=-F;MNC=0OLA?LS
    4BCN?-;FCHM
    +6 

    . BCQCLTMJTGKCLRM BC RCAGBM K?KŠPGM CK FMKCLQ  AF?K?BM BC EGLCAMK?QRG? $K@MP? ?Q A?SQ?Q CV?R?Q BCQQ?
    AMLBGŽM LŽM QCH?K AMKNJCR?KCLRC CLRCLBGB?Q  CJ? NMBC MAMPPCP CK ?BMJCQACLRCQ C CK GBMQMQ $LOS?LRM CJ? 
    @?QR?LRCNCPRSP@?BMP? QM@PCRSBMCKE?PMRMQHMTCLQ LŽMQC?APCBGR?OSCQCH?A?SQ?B?NCJ?M@CQGB?BC K?QQGKNMP
    SK? ?JRCP?ŽM LM COSGJ”@PGM BMQ FMPKšLGMQ QCVS?GQ 0S?LRGB?BCQ CVACQQGT?Q BC CQRPME‘LGM CQRP?BGMJ  NMBCK
    GL¥SCLAG?P AJSJ?Q ?JTM L? ®PC? BM R™P?V "MK M SQM ?@SQGTM BC CQRCPMGBCQ ?L?@MJGX?LRCQ  ? AMLTCPQŽM FMPKML?J
    @GMQQGLRRGA?BMCVACQQMBCCQRCPMGBCQ?L?@MJGX?LRCQDMPK?QQGLRRGA?QBMFMPKšLGMK?QASJG​LMRCQRMQRCPML? N?P?MQ
    AMKNMQRMQBCCQRPME‘LGM CQRPML?CCQRP?BGMJNMBC?ACJCP?P?CQRGKSJ?ŽMBMRCAGBMK?KŠPGMCKFMKCLQ$QQCSK
    BMQKSGRMQNMQQ”TCGQCDCGRMQAMJ?RCP?GQLCE?RGTMQBMSQM?@SQGTMBCCQRCPMGBCQ?L?@MJGX?LRCQCLRPCFMKCLQ

    ,%(4$_^1+14/10$.
    JG@CP?ŽMBMQFMPKšLGMQMAMPPC?N?PRGPBCQ”RGMQACJSJ?PCQCQNCA”¤AMQCKBGDCPCLRCQ™PEŽMQCEJ‹LBSJ?QOSCNPMBSXCK
    FMPKšLGMQ$KECP?J CJCQQŽMQGLRCRGX?BMQNMPSK?QPGCBCPC?CQOS”​KGA?Q ?PK?XCL?BMQCCLRŽMJG@CP?BMQBMJMA?JBC
    ?PK?XCL?KCLRMNCJMQQGL?GQKCA‹LGAMQ LCSP?GQMSFMPKML?GQ.QQGL?GQCQRGKSJ?R™PGMQNCPKGRCKSK?PCESJ?ŽM@?QR?LRC
    CQNCA”¤A?CMAMLRPMJCBCOS?LRMFMPKšLGMJG@CP?BM"MKM?NMLR?BM?LRCPGMPKCLRC SK?B?Q6E>kv5C5>4s3B9>1C
    ?OSCJ? CK OSC M FMPKšLGM  QCAPCR?BM BGPCR?KCLRC LM Q?LESC 4K? 6E>kj? @1Bg3B9>1  ?OSCJ? L? OS?J M FMPKšLGM 
    JG@CP?BM CK SK? ​ŠPC? N?P? GLRCP?EGP AMK MSRP?Q AJSJ?Q ?JTM TGXGLF?Q QCK M RP?LQNMPRC NCJM Q?LESC /MP ¤K  ? 6E>kj?
    1EDs3B9>1 CLTMJTC ? JG@CP?ŽM BC FMPKšLGM NMP SK? AJSJ? N CV  ? AJSJ? ​KSQASJ?P  C ? CQRGKSJ?ŽM QS@QCOSCLRC B?
    AJSJ?NMPCQQCFMPKšLGM QQGK LCKRMBMQMQFMPKšLGMQQŽMJG@CP?BMQBCK?LCGP?CLB™APGL?

    4$052146('(*4$'$_^1(/(,$8,'$+14/10$.
    "?B?FMPKšLGMRCK=591F941CQNCA”¤A? MS?OS?LRGB?BCBCRCKNMLCACQQŠPG?N?P?OSC?AMLACLRP?ŽMBMFMPKšLGMLM
    Q?LESC PCBSX?  KCR?BC BC QCS T?JMP BC NGAM  M OSC BCRCPKGL? QS? NMR‘LAG? N?P? NPMBSXGP SK QGL?J N?P? ? AJSJ? ?JTM
    BCQCH?B?,SGRMQFMPKšLGMQQCSLCK?NPMRC”​L?QBCJGE?ŽMMS?MSRP?QKMJASJ?QMSAJSJ?QLMQ?LESC?¤KBC?SKCLR?P
    QS?QKCG?Q TGB?Q N™QACPRMRCKNM MFMPKšLGMAJGT?BMCBCEP?B?BM RCPKGL?LBMQCSQGL?JLMQ?LESC4K?TCXOSCM
    FMPKšLGMRCLF?GLRCP?EGBMAMKSKPCACNRMP CJCBCEP?B?BM CQS?CQRPSRSP?CDSLŽMQŽMNCPBGB?QGQQMD?XAMKOSCM
    PCACNRMP ¤OSC BGQNML”TCJ N?P? ? JGE?ŽM BC MSRP? KMJASJ? BC FMPKšLGM C JGKGR? ? BSP?ŽM B? CQRGKSJ?ŽM BC SK
    FMPKšLGM

    7.5$6,.,'$'(
    JESLQFMPKšLGMQNCV GLQSJGL? FMPKšLGMBMAPCQAGKCLRM FMPKšLGMJSRCGLGX?LRC QŽMJG@CP?BMQ05)63<:MSNSJQMQBC
    SK?EP?LBCOS?LRGB?BCBCFMPKšLGM"F?K?B?BCYNSJQ?RGJGB?BC^ ?APCBGR? QCOSCCQQ?JG@CP?ŽMCQRGKSJCSK?QGL?JGX?ŽM
    FMPKML?J K?GQ CDCRGT? (QQM ?KNJG¤A?PG? MQ CDCGRMQ BM FMPKšLGM L?Q AJSJ?Q ?JTM  D?XCLBM AMK OSC ? PCQNMQR? MS ?
    ?B?NR?ŽM QCH? K?GMP BSP?LRC B?B? H?LCJ? BC RCKNM  NSJQ?RGJGB?BC BMQ FMPKšLGMQ  GL¥SCLAG?B? NMRCLAG?JKCLRC NMP
    KSGRMQ D?RMPCQ BGDCPCLRCQ  GLAJSGLBM GLRCLQGB?BC BM CVCPA”AGM  KCBGA?KCLRMQ  GLECQRCQ LSRPGAGML?GQ C ?K@GCLRC
    GLRCLQGB?BC BM CVCPA”AGM NMBC GKN?AR?P M ?SKCLRM NSJQŠRGJ BC ?JESLQ FMPKšLGMQ  AMKM M FMPKšLGM BM APCQAGKCLRM
    %GESP? 

    86DA0?D;B0C8;8303434D<7>A<|=8>4<A4B?>BC00>4G4A2w28>?>342A80AD<0<06=8CD3434A4B?>BC0
    <08>AM=IH=?HNL;‹™?MMŒLC=;MGŒ>C;M>?$%>OL;HN?;;GIMNL;A?G>?M;HAO??GCHN?LP;FIM>?GCHJILB
    >OL;HN?I=IHNLIF??>;>C@?L?H‹;?HNL?;=;JN;‹ŠI>?,3,;F=;H‹;>;HIFCGC;L>IF;=N;NI))?H;3,
    >?L?JIOMI
    ))?
    ))
    L?MJ?=NCP;G?HN??=IH>C‹™?M>??>;>C@?L?H‹;?HNL?3,HI))?3,>?
    JC=I
    ))?
    ))
    L?MJ?=NCP;G?HN? ,MP;FIL?MMŠIGŒ>C;d"-CH​>C​P​>OIM *I>CV=;>;>?-LCNTF;@@ '

    4C>?G;H)
    4?FNG;H'6 &GJ;=NI@;=ON??R?L=CM?CHN?HMCNSIHJOFM;NCF?ALIQNBBILGIH?L?F?;M?CHG?H '
    JJF-BSMCIF   

    *:DE6>2D56C6EC@2=:>6?E2wv@
    . AMLRPMJC B?Q QCAPCCQ FMPKML?GQ  ?DCR?BM NMP BGDCPCLRCQ QGQRCK?Q BC PCRPM?JGKCLR?ŽM  OSC AMLRPMJ?K  CK N?PRC  ?
    OS?LRGB?BC BC FMPKšLGM JG@CP?BM NMP SK? EJ‹LBSJ? 'Š SK? OS?LRGB?BC BC ?J?Q BC PCRPM?JGKCLR?ŽM AJŠQQGA?Q N?P?
    BCKMLQRP?PMAMLACGRMBC?J?QBCPCRPM?JGKCLR?ŽMFMPKML?J

    (641$.,/(06$_^10(*$6,8$
    4K??J?BCB5DB?1<9=5>D1kj?>571D9F1?OSCJ?CKOSCMNPMBSRMOSCDMPK?BMNMBC?JGKCLR?P?QCQRPSRSP?QNPGKŠPG?Q
    N?P? BGKGLSGP ? OS?LRGB?BC BC QS? QCAPCŽM -M A?QM B? RCQRMQRCPML?  AMKM KMQRP?BM B? %GESP?   AMLACLRP?CQ
    ?SKCLR?B?Q BC RCQRMQRCPML? PCRPM?JGKCLR?K M FGNMRŠJ?KM N?P? PCBSXGP ? OS?LRGB?BC BC FMPKšLGM JG@CP?BMP BC
    EML?BMRPM¤L?  M OSC PCBSX ? OS?LRGB?BC BC FMPKšLGM JSRCGLGX?LRC C BC FMPKšLGM DMJGASJMCQRGKSJ?LRC JG@CP?BM NCJ?
    ?BCLM FGN™¤QC OSC NMPQS?TCX PCBSX?OS?LRGB?BCBCRCQRMQRCPML?JG@CP?B?NCJMQRCQR”ASJMQ
    86DA0  +<0 0;s0 34 A4CA>0;8<4=C0sr> =460C8E0 @D4 A46D;0 0 @D0=C83034 34 7>A<|=8> ;814A030 ?4;0
    6;p=3D;04=3{2A8=0?A8<oA80?4;0A4CA>0;8<4=C0sr>306;p=3D;04BC8<D;0C{A80"MM?ŒOG?R?GJFI>?OG;;F‹;
    >? L?NLI;FCG?HN;‹ŠI H?A;NCP; J;L; =IHNLIF;L ; =IH=?HNL;‹ŠI >? N?MNIMN?LIH; HI M;HAO? ? MO; MCH;FCT;‹ŠI J;L; IM
    N?=C>IM ;FPI   GI>OF;‹ŠI ;>?KO;>; >? OG MCH;F BILGIH;F Œ PCN;F J;L; ; MCH;FCT;‹ŠI •NCG; >; ;NCPC>;>? >; =ŒFOF;
    ;FPI

    (641$.,/(06$_^1215,6,8$
    4K??J?BCB5DB?1<9=5>D1kj?@?C9D9F1?ACL​RS??NPMBSŽMBCFMPKšLGMNCJ?EJ‹LBSJ? MAGRMAGL?SKCVCKNJMBCR?J
    KCA?LGQKM %GESP?   -M ¤L?J B? ECQR?ŽM  M žRCPM BCTC PC?
    gGu?P AMLRP?CQ TGEMPMQ?Q NMP SK NCP”M
    _ M CVRCLQM BC
    RCKNMN?P?OSCM@C@‘L?Q?#SP?LRCMRP?@?JFMBCN?PRM ?CQRGKSJ?ŽMACPTGA?JCT?EGL?JNCJMDCRMBGQN?P??JG@CP?ŽM
    ?SKCLR?B?BCMAGRMAGL?(QQMCQRGKSJ?M​KžQASJMJGQMSRCPGLM?AMLRP?GPK?GQCK?GQTGEMPMQ?KCLRCAMLDMPKCMRP?@?JFM
    BCN?PRMAML​RG​LS? RCPKGL?LBMAMKML?QAGKCLRMBM@C@‘$KQGRS?CQCKOSC?QAMLRP?CQSRCPGL?QLŽMQŽMA?N?XCQBC
    AMKNJCR?PMN?PRM MKBGAM?JESK?QTCXCQ?BKGLGQRP?MAGRMAGL?N?P?CQRGKSJ?PAMLRP?ŽMSRCPGL?$KCQQ‘LAG? ?MAGRMAGL?
    ?HSB??PCRPM?JGKCLR?PNMQGRGT?KCLRC??J?N?P?NPMKMTCP?K?ELGRSBCBCAMLRP?ŽMB?​KSQASJ?RSP?JGQ?LCACQQŠPG?N?P?
    AMKNJCR?PMNPMACQQMBMN?PRM

    86DA0+<00;s034A4CA>0;8<4=C0sr>?>B8C8E0024=​CD0>D4BC8<D;00?A>3Dsr>34D<7>A<|=8>

    0>7a0&,$5/h.6,2.$5'$4(641$.,/(06$_^1
    ,SGR?Q?J?QBCPCRPM?JGKCLR?ŽMBGDCPCLRCQQŽMMNCP?AGML?GQLMAMLRPMJCFMKCMQRŠRGAMBMQFMPKšLGMQCBMKCR?@MJGQKM
    .SRP?A?P?ARCP”QRGA?BMQGQRCK?CLB™APGLMQS?PCBSLB‹LAG?LMQA?QMQCKOSC?PCESJ?ŽMTGR?JN?P??QM@PCTGT‘LAG?/MP
    CVCKNJM MQQGL?GQ?L?@™JGAMQLŽMQŽMDSLB?KCLR?BMQCK?NCL?QSKQGL?JFMPKML?J K?QCKTŠPGMQQGQRCK?QFMPKML?GQ
    OSCNPMRCECKSKBMQ?QNCARMQK?GQGKNMPR?LRCQN?P??QM@PCTGT‘LAG?MPCN?PMCMPCKMBCJ?KCLRMBMRCAGBM QM@PCRSBM
    BM​KžQASJMCQOSCJRGAM5ŠPGMQFMPKšLGMQ?L?@™JGAMQNMBCKQGL?JGX?P?Q”LRCQCBCNPMRC”​L?Q GLAJSGLBM?RCQRMQRCPML? MQ
    FMPKšLGMQ BM APCQAGKCLRM  MQ D?RMPCQ BC APCQAGKCLRM QCKCJF?LRCQ  GLQSJGL? C ? GLQSJGL? .Q QGL?GQ ?L?@™JGAMQ QŽM
    GKNMPR?LRCQN?P??Q?B?NR?CQ?MRPCGL?KCLRMBCCVCPA”AGM!MVC 

    w‚6D2FE4C:?2D6A2Cs4C:?2D
    "MKMBGQASRGBM?LRCPGMPKCLRC LCKRMB?Q?QQCAPCCQFMPKML?GQ?ECKNCJ?DSLŽMCLB™APGL?R”NGA? AMKMFMPKšLGM
    QCLBM JG@CP?BM BGPCR?KCLRC LM Q?LESC N?P? QCP RP?LQNMPR?BM N?P? ?Q AJSJ?Q ?JTM .SRP?Q BS?Q DSLCQ GKNMPR?LRCQ
    NCPKGRCKOSCMQFMPKšLGMQQGL?JGXCKN?P??QAJSJ?Q ?JTMQCKMRP?LQNMPRCNCJMQ?LESC?RMRCAGBM ?JTM?QQGL?JGX?CQ
    ?SR™APGL?CN?PŠAPGL?

    h5&7.1(5,0$.,:$_^1$76e&4,0$
    4K?B?QQCAPCCQ?SR™APGL?QK?GQGLRCPCQQ?LRCQL?¤QGMJMEG?BMCVCPA”AGM?BCD?RMPBCAPCQAGKCLRMNCJMh žQASJMOSC
    QCKCJF?LRCGLQSJGL?0S?LBM¤@P?Q
    h SQASJ?mCQQŽM?RGT?B?QAMKMN?PRCBCSK?SLGB?BCKMRMP? MCQR”KSJMKCA‹LGAMBC
    NPMBSŽMBCDMP?D?XAMKOSCM​KžQASJMJG@CPCM(&% (CSK?T?PG?LRCBC:730*05.ECLRGAMBM(&% (AF?K?B?BC61D?B
    453B5C39=5>D?=53h>93?,&% 0S?LBMJG@CP?BMNCJ?¤@P?h SQASJ?P CQQCQFMPKšLGMQCLRŽMQCJGE?K?MQPCACNRMPCQ
    BC(&% (L?OSCJ?KCQK?¤@P?h SQASJ?PCN?QQ?K?QGL?JGX?PN?P??Q”LRCQCNPMRCGA?
    ,4&  <
    "-;<7;<-:76)
     RCQRMQRCPML?  M NPGLAGN?J FMPKšLGM ?L?@™JGAM LMQ FMKCLQ GLB? ?QQGK  QS? GKNMPR‹LAG? N?P? M
    BCQCLTMJTGKCLRMBCDMP?CKFMKCLQHMTCLQDMGBMASKCLR?B??NCL?QPCACLRCKCLRCCKSKCQRSBMBC*TMPLGLE,;
    (3 -CQQC CQRSBM  FMKCLQ HMTCLQ Q?SBŠTCGQ DMP?K ?JMA?BMQ P?LBMKGA?KCLRC CK EPSNMQ OSC RCPG?K QS?
    RCQRMQRCPML? L?RSP?J @JMOSC?B? AF?K?B? BC RCP?NG? BC NPGT?ŽM  MS CK EPSNM NJ?AC@M CK OSC A?B? GL​BG​T”​BSM
    K?LRCTC QS? DSLŽM BC RCQRMQRCPML? LMPK?J K@MQ MQ EPSNMQ N?PRGAGN?P?K BC SK NPMEP?K? BC RPCGL?KCLRM BC
    PCQGQR‘LAG?BCRP‘QKCQCQ.EPSNMOSCRCTCQS?RCQRMQRCPML?@JMOSC?B?LŽMBCKMLQRPMSE?LFMBCDMP? CLOS?LRMM
    EPSNMNJ?AC@ME?LFMSDMP? QQGK CKFMKCLQHMTCLQ ?RCQRMQRCPML?N?PCACQCPMNPGLAGN?JFMPKšLGMOSCKCBCG?
    MQE?LFMQBCDMP?vGLRCPCQQ?LRCPCQQ?JR?POSCCKSKCQRSBMBC&?JT?M,;(3 CV?KGL?LBMSKEPSNMBCFMKCLQ
    K?GQTCJFMQAMKA‹LACPBCNP™QR?R?CKRCP?NG?AMKKCBGA?KCLRMQBCNPGT?ŽM MFMPKšLGMBMAPCQAGKCLRMCMNP™
    FMPKšLGMBCGBPMCNG?LBPMQRCPML?#'$ KCBG?P?KMQE?LFMQBCDMP?AMKMRPCGL?KCLRMBCPCQGQR‘LAG?LMEPSNM
    RP?R?BMAMKMDŠPK?AM/?PCACOSCNCP”M​BMQK?GQJMLEMQBCNPGT?ŽMFMPKML?JBCRCQRMQRCPML?AMLAMKGR?LRCAMKM
    RPCGL?KCLRM BC PCQGQR‘LAG? D?X AMK OSC MQ FMKCLQ KSBCK N?P? MSRPM QGQRCK? ?L?@™JGAM 0 ,  FMPKšLGM BM
    APCQAGKCLRM  (&%  C NCPKGRC OSC M NP™ FMPKšLGM RCLF? K?GMP NMR‘LAG? LM CQR”KSJM BC E?LFM BC DMP? $QQ?
    KSB?L? L? QGL?JGX?ŽM ?L?@™JGA? NPGKŠPG? BCKMLQRP? ? NJ?QRGAGB?BC BC M QGQRCK? CLB™APGLM KCBG?P MQ CDCGRMQ BM
    RPCGL?KCLRMBCPCQGQR‘LAG?CKNCP¤QFMPKML?GQBGDCPCLRCQBMYLMPK?J^

    ,0$.,:$_^12$4\&4,0$
    "MKMBGQASRGBM?LRCPGMPKCLRC ?Q?CQN?PŠAPGL?QMAMPPCKOS?LBMSKFMPKšLGMJG@CP?BMNMPSK?AJSJ?CMQCS?JTM
     SK? AJSJ? TGXGLF? -CSPMPKšLGMQ N CV  FMPKšLGM JG@CP?BMP BC EML?BMRPM¤L?  MS LCSPMRP?LQKGQQMPCQ N CV
    LMP?BPCL?JGL? QŽMCVCKNJMQBCQQ?DSLŽMN?PŠAPGL? JKBGQQM MQ?BGN™AGRMQCVG@CKCQQ?DSLŽMN?PŠAPGL?NCJ?JG@CP?ŽM
    BCJCNRGL?N?P??JRCP?PMKCR?@MJGQKMB?QAJSJ?QBCEMPBSP?TGXGLF?Q.QJCSA™AGRMQJG@CP?KJMA?JKCLRCTŠPG?QAGRMAGL?QC
    ?RKCQKMFMPKšLGMQN?P??DCR?P?QAJSJ?QTGXGLF?QBCK?LCGP?N?PŠAPGL?

    :4=@D4:C425:2?@D
    ,SGRMQ FMPKšLGMQ R‘K AGAJMQ AGPA?BG?LMQ  OSC GKN?AR?K ? K?ELGRSBC BC QS?Q PCQNMQR?Q ?M CVCPA”AGM CK NCP”M​BMQ
    BGDCPCLRCQBMBG? JESLQFMPKšLGMQAMKC?KAMKAMLACLRP?CQ@?GV?QNCJ?K?LFŽCCLRŽM?JA?L?KMNGAMK?GQR?PBC
    BSP?LRCMBG?CLMGRCNCV FMPKšLGMBMAPCQAGKCLRM .SRPMQ?NPCQCLR?KAMLACLRP?CQ?JR?QNCJ?K?LFŽCBGKGLSCK
    BSP?LRCMBG?NCV RCQRMQRCPML? AMPRGQMJ ?%GESP?KMQRP?MN?BPŽMBCPCQNMQR?AGPA?BG?L?AJŠQQGA?BMAMPRGQMJ .Q
    N?BPCQ BC PCQNMQR? AGPA?BG?L? NMBCK QCP QCLQ”TCGQ ?MQ AGAJMQ BC AJ?PM C CQASPM  N?BPCQ BM QMLM C KSB?L?Q Q?XML?GQ
    JESLQFMPKšLGMQNCPK?LCACKPCJ?RGT?KCLRCAMLQR?LRCQBSP?LRCMBG?CPCQNMLBCK?NCL?Q?MQCQRPCQQMPCQ?ESBMQ AMKM
    MCVCPA”AGMNCV (&% A?RCAMJ?KGL?Q #MNMLRMBCTGQR?NPŠRGAM LCLFSKCQRSBMBCKMLQRPMSNPGMPGB?BCN?P?SKNCP”M​
    BMBMBG?CKOSCMRPCGL?KCLRMQCH?™RGKM ?KCLMQOSCMAGAJMQMLMTGE”JG?GKN?ARC?YOS?JGB?BC^B?QCQQŽMBCCVCPA”AGMQ
    BCTGBMQCLQ?ŽMBCA?LQ?MMSD?BGE?
    86DA0G4<?;>34D<?03Ar>28A20380=>?0A0>7>A<|=8>2>AC8B>;

    "MKMCVCPA”AGM ?QAMLACLRP?CQFMPKML?GQ?SKCLR?K?ESB?KCLRC$LRPCR?LRM CQQC?SKCLRMKCBG?BMNCJMCVCPA”AGM


     KCLMP BM OSC M ?SKCLRM BC AMLACLRP?ŽM OSC PCQSJR? BMQ AGAJMQ AGPA?BG?LMQ OSC MAMPPCK BSP?LRC M PCNMSQM $QQ?
    BGQAPCN‹LAG?JCTMSKSGRMQRPCGL?BMPCQCRALGAMQ?NCLQ?POSCF?TCPG?SKNCP”M​BMBMBG?™RGKMN?P?RPCGL?P$LRPCR?LRM
    LCLFSK PCQSJR?BM BCKMLQRPMS AMLTGLACLRCKCLRC OSC GQQM QCH? TCPB?BCGPM  C CQQC R™NGAM NCPK?LCAC AMLRPMTCPQM v
    QGKNJG¤A?P BCK?GQ RGP?P AMLAJSQCQ @?nC?_ ?Q CK SK NCP¤J BC KSB?L? BC ?NCL?Q SK FMPKšLGM JK BGQQM  M N?NCJ B?
    ?BPCL?JGL?BCECP?ŽMBCCQR?BMCVAGR?BMBCTCQCPJCT?BMCKAMLQGBCP?ŽM
    $KCQKMOSCF?H?SKNCP”M​BM™RGKMN?P?RPCGL?P GQQMLŽMQC?NJGA?PG?LCACQQ?PG?KCLRCQAMKNCRGCQ"?B?CQNMPRC
    RCKBGDCPCLRCQBSP?CQ BCK?LB?Q CJCKCLRMQBCPCASNC​P?ŽM DPC​OS‘LAG?BCAMKNCRGCQC?K@GCLRCQ D?XCLBMAMKOSC
    QCH?BGD”AGJECLCP?JGX?PSKNCP”M​BM™RGKMN?P??AMKNCRGŽM"MLRSBM LMCQNMPRCB?L?R?ŽM CKOSC?QAMLBGCQNMBCK
    QCPAMLRPMJ?B?Q *JGLC,;(3BCKMLQRP?P?KOSCMAGAJMAGPA?BG?LMCKBCQCKNCLFMBCL?BMLŽMBCNCLBG?BMQCDCGRMQBC
    K?QA?P?KCLRMBM?K@GCLRCCBMAMKNMPR?KCLRMCCLAMLRP?P?KOSCMQBCQCKNCLFMQDMP?KQGELG¤A?RGT?KCLRCNGMPCQQ
    CF BMOSCQ   CF QQGK CVGQRCK?JESLQPCQSJR?BMQOSCGLBGA?KOSC?JESLQNCP”M​BMQBMBG?NMBCK
    QCPKCJFMPCQBMOSCMSRPMQN?P?MBCQCKNCLFMBCL?BMOSCBSPCCLRPCCKGL

    $F52?w2D9@C>@?2:DD2K@?2:D
    .SRPM?QQSLRMAMLRPMTCPQMQC?QAMLACLRP?CQFMPKML?GQT?PG?KAMKMPCQSJR?BMB?QKSB?L?QQ?XML?GQ$QQ?PCJ?ŽM
    BGD”AGJBCBCRCPKGL?PNMPOSCMSRPMQD?RMPCQNMBCPG?K?DCR?P?QPCQNMQR?QFMPKML?GQ JKB?Q?B?NR?CQBCRPCGL?KCLRM
    GLBSXGB?QNCJMCVCPA”AGM MQD?RMPCQ?K@GCLR?GQN?PCACK?DCR?PK?GQQGELG¤A?RGT?KCLRCMQN?BPCQBCPCQNMQR?FMPKML?J
    #C ?AMPBM AMK TŠPGMQ MSRPMQ CQRSBMQ RP?LQTCPQ?GQ  2T?PR@CPE ,; (3 CQRSB?P?K  FMKCLQ KMP?BMPCQ B? -MPSCE? C
    CLAMLRP?P?KOSC?QKCLMPCQAMLACLRP?CQBCRCQRMQRCPML?MAMPPCKCKKCQCQAMK?QK?GMPCQRCKNCP?RSP?QCK?GQFMP?Q
    BCJSXBMBG?2C?QAMLBGCQQŽMAMLQR?LRCQ MAMPPCKKSB?L?QJGKGR?B?Q&P?TFMJR,;(3R?K@KLŽMM@QCPT?P?K
    T?PG?CQ Q?XML?GQ L? QCLQG@GJGB?BC  GLQSJGL? CK FMKCLQ Q?SBŠTCGQ NMP SK NCP”M​BM BC  KCQCQ /J?QOSG ,; (3
    CLAMLRP?P?KT?PG?CQQ?XML?GQL?QR?V?QKCR?@™JGA?QBSP?LRCMQMLMCKFMKCLQCKSJFCPCQQ?SBŠTCGQCCQQ?QKSB?L?Q
    LŽMNMBCPG?KQCPCVNJGA?B?QNMPKSB?L?QL?AMKNMQGŽMAMPNMP?JCL??RGTGB?BCB?EJ‹LBSJ?RGPCMGBCMSB?JCNRGL? Q
    T?PG?CQL?R?V?KCR?@™JGA?BSP?LRCMQMLMCLRPCGL​BG​T”​BSMQDMP?KCVNJGA?B?QNCJ?K?QQ?JGTPCBCEMPBSP?CNCJ?JCNRGL?
    %MG QSECPGBM NCJMQ ?SRMPCQ OSC ?Q T?PG?CQ Q?XML?GQ N?PCACK CQR?P PCJ?AGML?B?Q AMK ?Q AMLBGCQ ?K@GCLR?GQ /MPK
    AMLQGBCP? QC OSC ?Q KSB?L?Q Q?XML?GQ LMQ L”TCGQ BC ?RGTGB?BC D”QGA? R?K@K NMBCK CVNJGA?P OS?GQOSCP KSB?L?Q
    NMRCLAG?GQLMQN?BPCQBCPCQNMQR?QFMPKML?GQ QQGK ?QT?PG?CQQ?XML?GQBMQFMPKšLGMQNMBCPG?KQCP?DCR?B?QNMP
    OS?JOSCPSKBMQQCESGLRCQD?RMPCQMSNMPAMK@GL?CQCLRPCCJCQ

    #GDCPCL?QL?QAMLBGCQ?K@GCLR?GQRCKNCP?RSP? JSXBMBG?
    #GDCPCL?QLMQL”TCGQBC?RGTGB?BCD”QGA?RPCGL?KCLRMCBCQRPCGL?KCLRM
    1CQNMQR?QAMKNMPR?KCLR?GQPCQSJR?LRCQN?BPCQBCQMLM GLECQRCQLSRPGAGML?GQ 

    )646AE@C6D
    .QB535@D?B5CQŽMMQKCBG?BMPCQBMQQGL?GQFMPKML?GQN?P?M#-  JGE?ŽM?MPCACNRMPAMKNJCV?CBGDCPCCLRPC?Q
    BGTCPQ?QAJ?QQCQFMPKML?GQ/?P?QGKNJG¤A?P MQRGNMQNPGLAGN?GQBCPCACNRMPCQFMPKML?GQQŽMBCQAPGRMQ?OSGMQPCACNRMPCQ
    FMPKML?GQ NCNR”BGAMQ  OSC BCNCLBCK BC QGQRCK?Q BC QCESLBMQ KCLQ?ECGPMQ GLRP?ACJSJ?PCQ N?P? KCBG?P QS?Q PCQNMQR?Q B?
    KCK@P?L? NJ?QKŠRGA? N?P? M #-  C MQ PCACNRMPCQ BC CQRCPMGBCQ  OSC QŽM CLAMLRP?BMQ LM NP™NPGM #-  C NCPKGRCK
    GLRCP?CQBCQGL?GQK?GQBGPCR?Q

    06(4$_g(5(064(2(26b',1(4(&(2614
    .Q FMPKšLGMQ NCNR”BGAMQ QŽM AMKNMQRMQ NMP ?KGLMŠ​AGBMQ C QS?Q GLRCP?CQ AMK M #-  QŽM BGTCPQ?Q C AMKNJCV?Q
    BCNCLBCLBM BM FMPKšLGM $K ECP?J  SK PCACNRMP NCNR”BGAM NMBC AMLQGQRGP CK SK BMK”LGM CVRP?ACJSJ?P  SK BMK”LGM
    NPMRCGAM GLRCEP?J GLQCPGBM L? KCK@P?L? NJ?QKŠRGA? C SK BMK”LGM RCPKGL?J OSC AMLQGQRC CK TŠPGMQ KCA?LGQKMQ BC
    QGL?JGX?ŽMOSC?DCR?KM#- %GESP? .QAF?K?BMQQGQRCK?QBCQCESLBMQKCLQ?ECGPMQGLRP?ACJSJ?PCQAMKNJCR?KM
    NPMACQQM BC QGL?JGX?ŽM BC SK FMPKšLGM CQNCA”¤AM  GLQSJGL? Z SK FMPKšLGM GKNMPR?LRC N?P? M AMLRPMJC BM
    KCR?@MJGQKMBCEJGAMQC B?Q”LBPMKCKCR?@™JGA?CBMBG?@CRCQZSKCVCKNJMBCFMPKšLGMNCNR”BGAM.CV?KCBC?JESLQ
    BCR?JFCQ BC QS? GLRCP?ŽM AMK SK PCACNRMP NMBC DMPLCACP ?JESLQ CQAJ?PCAGKCLRMQ QM@PC ? JGE?ŽM AMK M PCACNRMP C MQ
    QGQRCK?QBCQCESLBMQKCLQ?ECGPMQBMQFMPKšLGMQNCNR”BGAMQ

    ! 

    %D9@C>€?:@DDv@EC2?DA@CE25@DA2C22D4x=F=2D2=G@A6=@D2?8F6
    D4@?46?EC2w‚6DD2?8F{​?62D56F>9@C>€?:@5v@:?7@C>2w‚6DD@3C6DF27F?wv@LD:@=8:42
    %D  AC:?4:A2:D E:A@D 56 9@C>€?:@D BF6 6I:DE6> Dv@ 6DE6C@:56D A6AE{5:@D 6 2>:?2D 4252 F> 4@> :?E6C2w‚6D D:?8F=2C6D 4@> @D
    C646AE@C6D56DF2D4x=F=2D2=G@
    %DD:DE6>2D56C6EC@2=:>6?E2wv@A@D:E:G26?682E:G24@?EC@=2>2DD64C6w‚6D9@C>@?2:D
    =:36C2wv@9@C>@?2=62:?E6C2wv@?24x=F=22=G@A@56>D6C4=2DD:L4252D4@>@6?54C:?2A2Cs4C:?2@F2FE4C:?2
    @C>€?:@D4:C4F=2?E6DDv@:?MF6?4:25@DA@C72E@C6D4:C425:2?@D6D2J@?2:D
    %DC646AE@C6DDv@@D>65:25@C6D5@DD:?2:D9@C>@?2:DA2C2@$
    %DC646AE@C6D569@C>€?:@DA6AE{5:4@D56A6?56>56D:DE6>2D>6?D286:C@DD64F?5sC:@DA2C2C6EC2?D>:E:C@DD6FDD:?2:DA2C2@$
    (646AE@C6D566DE6C@:56D:?E6C286>5:C6E2>6?E64@>@$

    06(4$_^1(064((56(41,'((4(&(2614
    "MKM TGQRM ?LRCPGMPKCLRC  MQ FMPKšLGMQ CQRCPMGBCQ GLRCP?ECK AMK CJCKCLRMQ PCESJ?R™PGMQ LM NP™NPGM #-  C LŽM QŽM
    BCNCLBCLRCQBCQGQRCK?QBCQCESLBMQKCLQ?ECGPMQ(QQMMAMPPCNMPOSCMQFMPKšLGMQCQRCPMGBCQBGDSLBCK QCNPMLR?KCLRC
    ?RP?TQ B? KCK@P?L? NJ?QKŠRGA? JGN”BGA? B? AJSJ? ?JTM .Q PCACNRMPCQ  JMA?JGX?BMQ BCLRPM B? AJSJ?  AMLR‘K QC​OS‘LAG?Q
    CQNCA”¤A?Q BC #-  OSC QŽM MQ ?JTMQ  AF?K?B?Q BC CJCKCLRMQ PCQNMLQGTMQ ?MQ FMPKšLGMQ $1'  "MLRSBM  ? GLRCP?ŽM
    AMKMPCACNRMPCLTMJTCSK?QPGCBCGLRCP?CQBGDCPCLRCQAMKMQCJCKCLRMQACJSJ?PCQAMLDMPKCMFMPKšLGMQCKMTCBM
    CVRCPGMPB?AJSJ?N?P?MLžAJCMACJSJ?P
    .Q PCACNRMPCQ CQRCPMGBCQ QŽM BGDCPCLRCQ  NMPK CJCQ AMKN?PRGJF?K A?P?ARCP”QRGA?Q CQRPSRSP?GQ C DSLAGML?GQ QGKGJ?PCQ L?
    JGE?ŽM?M#- CL?QNPMRC”​L?QPCESJ?R™PG?QCLTMJTGB?QAMKQS?Q?CQ%GESP? .QPCACNRMPCQN?P?CQRCPMGBCQAMKM
    CQRP?BGMJ AMPRGQMJ RCQRMQRCPML? NPMECQRCPML? ?JBMQRCPML? FMPKšLGMQRGPCMGBG?LMQCBG FGBPMVGTGR?KGL?#R‘KBGDCPCLRCQ
    T?PG?CQ ?¤LGB?BCQ Q”RGMQBCJGE?ŽM?M#- CNPMRC” i ?QPCESJ?R™PG?Q.QCDCGRMQBMQFMPKšLGMQCQRCPMGBCQNMBCKLŽM
    QCP KCBG?BMQ ?NCL?Q NCJ? JGE?ŽM ? SK? žLGA? NPMRC”​L? PCACNRMP?  K?Q NMBCK QCP GL¥SCLAG?BMQ NCJ? JGE?ŽM B?OSCJC
    PCACNRMP ? MSRP?Q NPMRC”​L?Q PCACNRMP?Q C ?M #-  N CV  NPMBSXGLBM FMKMB”KCPMQ C FCRCPMB”KCPMQ NCJ? JGE?ŽM BM
    PCACNRMP   GKNMPR‹LAG? NPŠRGA? BCQQ?Q M@QCPT?CQ  OSC MQ DŠPK?AMQ BCQCLF?BMQ N?P? ?EGP AMKM ?EMLGQR?Q MS
    ?LR?EMLGQR?QBCSKPCACNRMPBCSKFMPKšLGMN?P​RGASJ?PNMBCKRCPC¤AŠAG?QMSCDCGRMQBGDCPCLRCQL?RP?LQAPGŽMNPMRCGA?
    $QQ?Q C¤AŠAG?Q BCNCLBCK BC QC M PCACNRMP QC JGE? ? ?JESK? NPMRC”i ? $1' AMKM FMKMB”KCPMQ MS ? MSRPMQ $1' AMKM
    FCRCPMB”KCPMQ
    86DA0(424?C>A348=BD;8=0/?=?JNIL>?CHMOFCH;NJC=I=IGIJIMC=CIH;G?HNI>IM>C@?L?HN?M?F?G?HNIM 
    &HN?L;‹ŠI >; CHMOFCH; =IG IM ?F?G?HNIM JLIN?C=IM >I MO<MNL;NI >I L?=?JNIL >? CHMOFCH; 0/& ? ; @IM@ILCF;‹ŠI  
    ;M=;N; >? ?P?HNIM L?F;=CIH;>IM =IG IM MCMN?G;M >? MCH;FCT;‹ŠI >IM L?=?JNIL?M >? CHMOFCH; ? ; L?AOF;‹ŠI >;
    =;JN;‹ŠI>?AFC=IM? 0/"-
    JLIN?H;>?FCA;‹ŠI;I?F?G?HNI>?L?MJIMN;;?MN?LIF
    86DA0#>34;>340s~4B34D<A424?C>A?0A04BC4A>8344<A4;0sr>qBD0B4​@Du=28034;860sr>0>$
    >CMMI=C;‹ŠI>I?MN?LIC>?>;JLIN?​H;FCA;>IL;
    CH=FOCH>IINL;HMJILN?>I?MN?LIC>?J;L;;=ŒFOF;
    ;@ILG;‹ŠI>;
    FCA;‹ŠI >I ?MN?LIC>? ?  ; FCA;‹ŠI >I ?MN?LIC>? N?MNIMN?LIH;
     JLIA?MN?LIH;
     ?MNLIAHCI J;L; I L?=?JNIL
    =CNIJF;MG†NC=I =IG ; JLIN?​H; >? =BIKO? NŒLGC=I FCA;>;    J?L>; >; JLIN?​H; >? =BIKO? NŒLGC=I @ILG; OG
    L?=?JNIL U;NCP;>I[   , L?=?JNIL =CNIJF;MG†NC=I ;NCP;>I ?HNL; HI Hš=F?I ? M? FCA; ;IM ?F?G?HNIM L?MJIHMCPIM >?
    !+=IGIBIGI>G?LIM ,!+ŒNL;HM=LCNI?G/+G?HM;A?CLI?IG/+>?CR;IHš=F?I?ŒNL;>OTC>I?G
    JLIN?​H; HIM LC<IMMIGIM =CNIJF;MG†NC=IM   #CH;FG?HN?
     OG; JLIN?​H; L?=ŒG >?M?HPIFPC>; Œ JLI>OTC>; J  ?R

    JLIN?​H;M>I​GšM=OFI?MKO?FŒNC=I

    ;p=3D;0B4=3{2A8=0B44G4A2w28>I?0?t8​BA46D;0sr>A4B?>BC0B4030?C0s~4B

    QEJ‹LBSJ?QCLB™APGL?Q AMKMOS?JOSCPRCAGBM QC?B?NR?K?MRPCGL?KCLRMBCCVCPA”AGMQ QQGK ?Q”LRCQCBCFMPKšLGML?


    EJ‹LBSJ?  ? QCLQG@GJGB?BC BMQ PCACNRMPCQ C ? OS?LRGB?BC BC FMPKšLGM JG@CP?BM QŽM ?DCR?B?Q NCJM RPCGL?KCLRM $QQ?
    ?B?NR?ŽM  N?PRC B? PCQNMQR? CQNCA”¤A? ? SK NPMRMAMJM BC CVCPA”AGM ?ESBM  OSC NMBC QCP @?QR?LRC BGDCPCLRC CK QCS
    CQRPCQQC  C L?Q ?B?NR?CQ QS@QCOSCLRCQ ?M CVCPA”AGM N?P? QSNPGP ?Q BCK?LB?Q BM CVCPA”AGM v GKNMPR?LRC JCK@P?P OSC M
    QGQRCK?CLB™APGLM?HSB?MAMPNM?QC?B?NR?PQBCK?LB?QBCCQRPCQQCGKNMQR?QN?P?K?LRCP?FMKCMQR?QG?C?QDSLCQ
    LCACQQŠPG?QBMAMPNM

    :A@Es=2>@69:AMD6
    4K BMQ CGVMQ FMPKML?GQ K?GQ GKNMPR?LRCQ LM AMPNM  M CGVM FGNMRŠJ?KM FGN™¤QC  FGN™¤QC  AF?K?B? BC YEJ‹LBSJ?
    KCQRPC^NMPA?SQ?BCQS?GL​¥S‘L^G?QM@PCR?LR?QDSLCQ¤QGMJ™EGA?QBGDCPCLRCQLMAMPNM$VGQRCSK?PCJ?ŽM”LRGK?CLRPC
    CQQ?QBS?QEJ‹LBSJ?QCKQS?DSLŽMCAMMPBCL?ŽMBCSK?T?PGCB?BCBCFMPKšLGMQOSCGKN?AR?KOS?QCRMBMQMQRCAGBMQC
    QGQRCK?QBMAMPNMFSK?LMvGLRCPCQQ?LRCPCQQ?JR?POSCMFGNMRŠJ?KMNMBCQCPMTCPB?BCGPMYKCQRPC^LCQQCNPMACQQM HŠ
    OSCCJCAMLRPMJ??DSLŽMB?FGN™¤QC.QFMPKšLGMQQCAPCR?BMQNCJMFGNMRŠJ?KMNMBCKR?LRMNPMKMTCPOS?LRMGLG@GP?
    JG@CP?ŽMBCFMPKšLGMNCJ?FGN™¤QC
    14/f0,15.,%(4$'14(5(,0,%,'14(5'1+,216\.$/1
    .FGNMRŠJ?KMGL¥SCLAG??EJ‹LBSJ?FGN™¤QCNCJ?JG@CP?ŽMBCFMPKšLGMQOSCQŽMAF?K?BMQBC8?B=t>9?C<925B14?B5CMS
    8?B=t>9?C9>9294?B5C.FGNMRŠJ?KMGPŠR?LRMNPMKMTCP?JG@CP?ŽMBCSKFMPKšLGMNCJ?FGN™¤QCAMK?QCAPCŽMBC
    SK FMPKšLGM JG@CP?BMP  MS  ?JRCPL?RGT?KCLRC  GLG@GP ? JG@CP?ŽM AMK ? QCAPCŽM BC SK FMPKšLGM GLG@GBMP QQGK  M
    AMLRPMJCCDCRGTMB?FGN™¤QCCBCQCSQKSGRMQFMPKšLGMQTCKBMFGNMRŠJ?KM
    /MPCVCKNJM MFMPKšLGMJG@CP?BMPBCRGPCMRPMNGL?QCAPCR?BMNCJMFGNMRŠJ?KM QCJGE??MQPCACNRMPCQBCNCNR”BGMQL?
    ?BCLM FGN™¤QC Z SK? NCOSCL? EJ‹LBSJ? CLB™APGL? JMA?JGX?B? JMEM ?@?GVM BM CLAD?JM Z C GLACLRGT? ? QCAPCŽM BM
    FMPKšLGMCQRGKSJ?BMPB?RGPCMGBC32' .32' NMPQS?TCX CLRP?L?AGPASJ?ŽMQGQR‘KGA? QCJGE??MQPCACNRMPCQ ?JTML?
    EJ‹LBSJ? RGPCMGBC C NPMKMTC ? JG@CP?ŽM BMQ FMPKšLGMQ RGPCMGBG?LMQ . AMLRPMJC BCQQC NPMACQQM  KCBG?BM NCJ?
    PCRPM?JGKCLR?ŽMLCE?RGT? OSCNMBC NMPQS?TCX PCTCPRCPMNPMACQQMNMPCQRGKSJ?PMFGNMRŠJ?KM?JG@CP?PSKFMPKšLGM
    N?P? GLG@GP ? JG@CP?ŽM BM FMPKšLGM CQRGKSJ?R™PGM -CQQC A?QM  M FMPKšLGM GLG@GBMP BC RGPMRPMNGL? N?P? ? NPMBSŽM BC
    32'!MVC 

    ,4&  <


    @-:+h+17+757<:)<)5-6<78):)70187<1:-71,1;57
    "MK?BGCR?C?KCBGA?ŽM MCVCPA”AGMNMBCQCPSKCJCKCLRMGKNMPR?LRCN?P?JGB?PAMKMFGNMRGPCMGBGQKM CKOSC
    ?EJ‹LBSJ?RGPCMGBCLŽMNPMBSXFMPKšLGMQRGPCMGBG?LMQQS¤AGCLRCQ2CKFMPKšLGMRGPCMGBG?LMQS¤AGCLRC NMQQ”TCJ
    M@QCPT?P SK? OS?LRGB?BC BC QGL?GQ C QGLRMK?Q OSC GLAJSCK NCJC QCA?  NCPB? BC A?@CJM  PMSOSGBŽM  KCLQRPS?ŽM
    CVACQQGT?  D?BGE?  JCR?PEG?  BCNPCQQŽM  GLRMJCP‹LAG? ?M DPGM  AMLQRGN?ŽM GLRCQRGL?J CMS E?LFM BC NCQM . CVCPA”AGM
    NMBC?HSB?PLCQQ?AMLBGŽM.CVCPA”AGM?HSB?PŠ??SKCLR?P?QCLQG@GJGB?BCBMQPCACNRMPCQRC​AG​BS?GQOS?LRGB?BCBC
    FMPKšLGM RGPCMGBG?LM NPMBSXGBM  M OSC NCPKGRC SK SQM K?GQ C¤AGCLRC BM FMPKšLGM QCAPCR?BM "MK ? BGCR?  
    NMQQ”TCJ M@QCPT?P OSCB? L? R?V? KCR?@™JGA?  CQNCAG?JKCLRC QC CJ? LŽM  DCGR? ?BCOS?B?KCLRC  C M CVCPA”AGM NMBC
    ?HSB?P ? NPCTCLGP CQQ? OSCB?  OSC NMBC QCP CV?ACP@?B? NCJ? AMLBGŽM FGNMRGPC™​GBC? ,CQKM RMK?LBM KCBGA?ŽM
    RGPCMGBG?L? N CV  JCTMRGPMVGL?  N?P? QS@QRGRSGP QGLRCRGA?KCLRC ? D?JR? BM FMPKšLGM  M CVCPA”AGM  SK CJCKCLRM
    GKNMPR?LRC N?P? M NCP¤J Q?SBŠTCJ C N?P? GLRCP?CQ K?GQ C¤AGCLRCQ BM PCACNRMP AMK ? OS?LRGB?BC BC FMPKšLGM
    BGQNML”TCJ

    '(01+,2e=5(
     ?BCLM FGN™¤QC QCAPCR? SK? E?K? BC FMPKšLGMQ OSC QŽM GKNMPR?LRCQ N?P? ? DSLŽM ¤QGMJ™EGA? C QŽM PCQNMLQGTMQ ?M
    CVCPA”AGM %GESP?KMQRP??PCJ?ŽMCLRPCMFGNMRŠJ?KMC?FGN™¤QC

    14/f0,1'1&4(5&,/(061
    . CVCPA”AGM CQRGKSJ? ? JG@CP?ŽM BC FMPKšLGM BM APCQAGKCLRM &'  NCJ? ?BCLM FGN™¤QC . &'  SK FMPKšLGM
    NMJGNCNR”BGAMAMK?KGLMŠ​AGBMQ%GESP? $JCQGLRCRGX?BMCQCAPCR?BMNCJ?QAJSJ?QAF?K?B?QBCC?=1D?DB?6?CL?
    ?BCLM FGN™¤QC . &' BCQCKNCLF? N?NG n BGDCPCLRCQ L? PCESJ?ŽM BC LSKCPMQMQ NPMACQQMQ ¤QGMJ™EGAMQ  GLAJSGLBM M
    APCQAGKCLRM RC​AG​BS?J C M KCR?@MJGQKM 5?JC PCQQ?JR?P OSC CJC R?K@K DMG SRGJGX?BM AMKM SK DŠPK?AM ?L?@MJGX?LRC N?P?
    KCJFMP?BMBCQCKNCLFMCKCQNMPRCQNMPOSC BSP?LRCKSGRMQ?LMQ CJCCP?GLBCRCARŠTCJCK+6705.TCP!MVCC@MVCBC
    PCDCP‘LAG?*P?CKCP,;(3  
    .&'RCKBGTCPQMQCDCGRMQBGPCRMQCGL​¥S‘L^G?QL?QDSLCQ¤QGMJ™EGA?Q BCQBC?CQRGKSJ?ŽMB?Q”LRCQCBCNPMRC”L\ LM
    KžQASJM C LM MQQM ?R ? CQRGKSJ?ŽM BC AJGT?ECK BC RPGEJGACP”BGMQ L?Q AJSJ?Q BC EMPBSP? ?BGN™AGRMQ  ?JK B? LŽM
    NCPKGQQŽM B? A?NR?ŽM MS BM ?AžKS​JM BC JGN”BGMQ B? AGPASJ?ŽM %GESP?   v DŠAGJ NCPAC@CP NMPOSC ¤QGASJRSPGQR?Q C
    MSRPMQ?RJCR?QNMBCKQCQCLRGPRCLR?BMQ?SQ?PCQQCFMPKšLGMAMKMKCBGA?KCLRM$LRPCR?LRM AMKMQCPŠ?NPCQCLR?BM?OSG
    QS?DSLŽMNMBCLŽMQCPNPCTGQ”TCJCMQCDCGRMQAMJ?RCP?GQQŽMAMLQC​OS‘LAG?QLCE?RGT?QNCV ?APMKCE?JG?APCQAGKCLRMBMQ
    MQQMQAF?RMQL?K?LB”@SJ? KŽMQCNQ ™PEŽMQ?@BMKGL?GQ L?PGX JŠ@GMQCJ”LES? 
    DMPK?BCI#?BM&'?KMJASJ?NPGKŠPG?NPMBSXGB?NCJ?K?OSGL?PG?BM#- BMQQMK?RMRPMDMQB?FGN™¤QC$J?
    JG@CP?B?BCKMBMNSJQŠRGJCGL¥SCLAG?B?NMPSK?QPGCBCD?RMPCQ BMCVCPA”AGM?MQMLMC?MCQRPCQQC4KFMPKšLGM
    AF?K?BM BC FMPKšLGM JG@CP?BMP BM FMPKšLGM BM APCQAGKCLRM  JG@CP?BM NCJM FGNMRŠJ?KM N?P? CQRGKSJ?P ? Q”LRCQC C ?
    JG@CP?ŽM BC &' JRCPL?RGT?KCLRC  ? QMK?RMQR?RGL? Z SK FMPKšLGM NCNR”BGAM QCAPCR?BM NCJM FGNMRŠJ?KM Z GLG@C ?
    JG@CP?ŽMBC&' EPCJGL? SKFMPKšLGMBCQAM@CPRMPCACLRCKCLRCCQCAPCR?BMNCJMCQRšK?EM R?K@KNMBCCQRGKSJ?P?
    JG@CP?ŽMBC&'NMPQCJGE?PBGPCR?KCLRC?MQPCACNRMPCQLMQQMK?RMRPMDMQ/MPA?SQ?BMN?NCJBM&'L?JG@CP?ŽMBC(&%
    NCJM D”E?BM  ?JR?Q OS?LRGB?BCQ BC (&% L? AGPASJ?ŽM JCT?K ? SK? PCRPM?JGKCLR?ŽM LCE?RGT? LM FGNMRŠJ?KM N?P? JG@CP?P
    QMK?RMQR?RGL?CGLG@GP?JG@CP?ŽMBC&' MJMLEMBMBG? M&'JG@CP?BMBCKMBMNSJQŠRGJ AMK?JESK?QB?QK?GMPCQ
    AMLACLRP?CQM@QCPT?B?QBSP?LRCMQMLM JKBGQQM MCVCPA”AGMBCPCQGQR‘LAG?NMBC?DCR?PMN?BPŽMBCPCQNMQR?NSJQŠRGJ
    BSP?LRCMQMLM QQGK ?GKNMPR‹LAG?BMQMLMN?P?MQNPMACQQMQBCPCN?PMCBCPCASNC​P?ŽMBMCVCPA”AGMLŽMNMBCQCP
    QS@CQRGK?B? . CLTCJFCAGKCLRM R?K@K NMBC PCBSXGP ? OS?LRGB?BC BC &' NPMBSXGBM ?M JMLEM BM BG? C ? OS?LRGB?BC
    JG@CP?B?AMKMCQRPCQQCBCCVCPA”AGM?ESBM$QQCCDCGRMQCRMPL?K?GQBP?KŠRGAM?A?B?BA?B?BCCLTCJFCAGKCLRM.S
    QCH? ?BGDCPCL?CLRPC?QAMLACLRP?CQBC&'?MQ?LMQQCPŠ@CKK?GMPBMOSC?QAMLACLRP?CQ?MQ.RPCGL?KCLRM
    BCCVCPA”AGMQNMBCKCJFMP?PCQQ?QPCQNMQR?Q?ESB?Q?MCVCPA”AGMLMQGBMQMQ K?QLŽML?KCQK?K?ELGRSBCB?PCQNMQR?BC
    SK?NCQQM?K?GQHMTCK QM@PCRSBMOS?LBM?GB?BCAMKN?P?B?K?GMPBMOSCBS?QBA?B?Q 
    86DA0 
     % 78?>Co;0<> 4 0 78?{JB4 CA010;70< 4< 2>=9D=C> ?0A0 A46D;0A 0 ;814A0sr> 34 7>A<|=8>B ?4;0
    78?{JB4&G;A?G@ILH?=C>;J?F;H;NIGC=;F B;LN I 

    (4B?>BC0B4030?C0s~4B0>4G4A2w28>
    . CVCPA”AGM  SK NMRCLRC CQRGKSJ?LRC N?P? ? JG@CP?ŽM BC &' OSC N?PCAC QCP @?QR?LRC QCLQ”TCJ ?M RGNM BC NPMRMAMJM BC
    CVCPA”AGM C ?M RGNM BM CVCPA”AGM %GESP?Q  C   JK BGQQM  CK@MP? QCSQ L”TCGQ L? AGPASJ?ŽM NMQQ?K ?SKCLR?P  M
    TCPB?BCGPMRCQRCBMQCDCGRMQBM&'QCMQPCACNRMPCQRC​AG​BS?GQCQRŽMPC?JKCLRCBGQNML”TCGQN?P?QCJGE?PCK?CJC?¤KBC
    CQRGKSJ?P ?B?NR?CQ CQNCA”¤A?Q ?M NPMEP?K? BC CVCPA”AGMQ /MP CVCKNJM  M &' AGPASJ?LRC NMBC ?SKCLR?P AMK ?
    A?KGLF?B?TGEMPMQ? K?Q?GLRCP?ŽMAMKM​KžQASJMN?P??SKCLR?P?Q”LRCQCNPMRCGA?MAMPPCPŠ?NCL?QL?OSCJ?QAJSJ?Q​
    KSQASJ?​PCQOSCDMP?K?RGT?B?QNCJMCVCPA”AGMCOSCNPCAGQ?KBCQS@QRP?RMQKCR?@™JGAMQCPCN?PMRC​AG​BS?JBSP?LRCMS?N™Q
    M CVCPA”AGM (QQM PCQQ?JR? ? GKNMPR‹LAG? B? CQNCAG¤AGB?BC BC RPCGL?KCLRM C B? NPCQAPGŽM BC CVCPA”AGMQ CK ?K@MQ MQ
    NPMEP?K?Q!MVC CNPMRMAMJMQBCRPCGL?KCLRMBCPCQGQR‘LAG?%GESP? CBC,5+<9(5*,%GESP? 
    86DA0 >A<|=8>3>2A4B28<4=C>,GIH–G?LI>?;GCHI†​=C>IME!;>IBILG–HCI>I=L?M=CG?HNI
    ŒOG;MŒLC?>?;GCHI†​=C>IMKO?MŠIFCA;>IMJIL>C@?L?HN?MG?=;HCMGIM>?FCA;‹ŠI
    CH=FOCH>IJIHN?M>?<CMMOF@?NI
    "RCMN?GIONL;M@ILG;M>?$%>?J?KO?HIM
    ?E!;;AL;H>?M;AL?A;>IM?JLIN?​H;MFCA;HN?M
    86DA0 82;>30A4CA>0;8<4=C0sr>A46D;0C{A8030B42A4sr>3>7>A<|=8>3>2A4B28<4=C>40;E>B?A8<oA8>B
    4<3854A4=C4BC4283>B
    86DA0 (4B?>BC0B3>34 :003854A4=C4B?A>C>2>;>B344G4A2w28>BDC8;8H0=3>20A60>D
    (#
    3DA0sr> 3> ?4Aw>​3> 34 34B20=B>   <8= >D  <8= 4 E>;D<4 BtA84  2>< E>;D<4 <4=>A 4 BtA84  2><
    E>;D<4 <08>A ?0A0 D< ?A>C>2>;> 34 4G4A2w28> 34 A4B8BCu=280 DC8;8H0=3>  6A0=34B 4 ?4@D4=>B 6AD?>B
    <DB2D;0​A4B 4< 7><4=B 2G; >C@?L?H‹; MCAHCV=;NCP; >IM P;FIL?M >? L?JIOMI  *I>CV=;>; >? (L;?G?L 4'

    *;L=BCN?FFC )
     $IL>IH 0"    %ILGIH;F ;H> ALIQNB @;=NIL L?MJIHM?M NI B?;PS L?MCMN;H=? ?R?L=CM? JLINI=IFM  '
    JJF-BSMCIF   !C@?L?H‹;MMCAHCV=;NCP;M>IMP;FIL?MJLŒ ?R?L==CIIOIMP;FIL?M>;0 >C@?L?G
    >IM>?G;CMJLINI=IFIM>?NL;<;FBI
    86DA0   (4B?>BC0B 34 ?82> 3> 7>A<|=8> 3> 2A4B28<4=C> 4< 7><4=B 4 <D;74A4B 3DA0=C4 >D 0?{B >
    4G4A2w28>04A{18>343854A4=C4B3DA0s~4B0
    3>?82>342>=BD<>34>G86u=8>/?MOFN;>IMJ;L;GOFB?L?M
    ?L?MOFN;>IMJ;L;BIG?HM *I>CV=;>;>?4C>?G;H)
     IHMCNN)
    -;NLC?' 1B?CGJ;=NI@M?R;H>?R?L=CM?
    >OL;NCIHIHALIQNBBILGIH?M?=L?NCIH 'JJF-BSMCIF   

    (26b',1524e12,1/(.$01&146,0$
    . NCNR”BGM NP™ MNGMKCJ?LMAMPRGL? /.,"  AMLRK SK? T?PGCB?BC BC NCNR”BGMQ @GM?RGTMQ B? ?BCLM FGN™¤QC %GESP?
     $JCR?K@KMNCNR”BGMNPCASPQMPBMNCNR”BGMMNGMGBCYb CLBMP¤L?^$QRSBMQGLGAG?GQOSCNPMASP?T?KNMPCQQCQ
    NCNR”BGMQMNGMGBCQMQAMKNMQRMQN?PCAGBMQAMKKMP¤L?BMNP™NPGMAMPNM ¤XCP?KAMKOSC?JESK?QNCQQM?QNCLQ?QQCK
    OSC M NCNR”BGM /.," DMQQC ? DMLRC BC MSRPMQ NCNR”BGMQ MNGMGBCQ  K?Q M OSC QC Q?@C  OSC QŽM AMLFCAGB?Q MSRP?Q BS?Q
    D?K”JG?Q BC NCNR”BGMQ MNGMGBCQ OSC AMLR‘K C @GMQQGLRCRGX?K CQQCQ MSRPMQ NCNR”BGMQ MNGMGBCQ "MK ? CQRGKSJ?ŽM N?P? M
    FGNMA?KNM N?P? JG@CP?P M D?RMP JG@CP?BMP BC AMPRGAMRPM¤L?  M /.,"  CQRGKSJ?BM C QS@QCOSCLRCKCLRC AJGT?BM
    CLXGK?RGA?KCLRCCKBGDCPCLRCQNCNR”BGMQ?RGTMQCCKb CLBMP¤L? OSCKCBCG???L?JECQG?C?QPCQNMQR?Q?MCQRPCQQC$QQCQ
    MSRPMQ NCNR”BGMQ NPGLAGN?GQ GLAJSCK ? ?BPCLAMPRGAMRPM¤L?  "3'  CQRGKSJ? ? NPMBSŽM BC AMPRGQMJ  C MQ FMPKšLGMQ
    CQRGKSJ?BMPCQBCKCJ?L™AGRMQ,2' CQRGKSJ?KMQKCJ?L™AGRMQ 
    .CVCPA”AGM AMKMSKCQRPCQQMP CQRGKSJ??JG@CP?ŽMBC/.,"N?P??AGPASJ?ŽM SKCLRMQGLBSXGBMQNCJMCVCPA”AGM
    DMP?KM@QCPT?BMQCK?K@MQMQCVCPA”AGMQBC,5+<9(5*,CBCPCQGQR‘LAG?./.,"N?PCAGBMAMKM&'BCKMBMOSCMQ
    T?JMPCQK?GQ?JRMQQŽMM@QCPT?BMQCKCVCPA”AGMQBC?JR?GLRCLQGB?BCKCR?@™JGA? BSP?LRCMQOS?GQSKTMJSKC?BCOS?BMBC
    RP?@?JFMPC?​JG​X?BM#CLMTM QGKGJ?PKCLRC?M&' b CLBMP¤L?C "3'?SKCLR?PŽMN?P?SK?R?V?K?GMPAMKMSQMBC
    PCQGQR‘LAG?BC1,CNCP”M​BMQASPRMQBCBCQA?LQM PCQNMLBCLBMNMRCLAG?JKCLRCQBCK?LB?QKCR?@™JGA?QK?GMPCQC
    LCACQQGB?BC BC ?L?JECQG? AMK R?J CVCPA”AGM JK BGQQM  AGAJGQKM BC ?JR? GLRCLQGB?BC C CVCPA”AGM BC ,5+<9(5*, C BC
    ?PP?LA?B?R?K@KPCQSJR?KCK?SKCLRMQL?QAMLACLRP?CQNJ?QKŠRGA?QBCQQCQBMGQFMPKšLGMQ
    $QRSBMQGLGAG?GQGLBGA?P?KOSC?b CLBMP¤L?NMBCCQR?P?QQMAG?B??MQCQR?BMQNMQGRGTMQBCFSKMP?N™QSK?AMPPGB?
    $LRPCR?LRM  CQQ? PCQNMQR? LŽM N?PCAC QCP SLGTCPQ?J  HŠ OSC MSRPM CQRSBM LŽM KMQRPMS KSB?L?Q NMQGRGT?Q BC FSKMP
    ?QQMAG?B?Q ?MQ L”TCGQ BC b CLBMP¤L? ?N™Q SK? AMPPGB? BC ,5+<9(5*, .SRPM RCPKM DPCOSCLRCKCLRC SRGJGX?BM OS?LBM QC
    D?J?QM@PCCLBMP¤L?Q?QCLQ?ŽMOSCMQAMPPCBMPCQCVNCPGKCLR?KBCTCXCKOS?LBM AF?K?B?BCY@?P?RMBMAMPPCBMP^
    MSSKCQR?BMBCCSDMPG?BSP?LRC?AMPPGB?$V?R?KCLRCMOSCCQQCY@?P?RMBMAMPPCBMP^NCPK?LCACSKKGQRPGMNMPOSC
    T?PG?N?P?A?B?AMPPCBMP QQGK PCJ?AGML?PMYCQR?BMBMFSKMP^?NCL?QAMK?QAMLACLRP?CQAGPASJ?LRCQBCb CLBMP¤L?
    BGD”AGJ$LRPCR?LRM CKSKCQRSBMGKNPCQQGML?LRCBC!MCAICP,;(3B? JCK?LF? DMGAMKNPMT?B??JGE?ŽMCLRPC?CSDMPG?
    C ? YRCMPG? MNGMGBC^ . RGKC BC NCOSGQ?BMPCQ CV?KGLMS BGDCPCLRCQ PC​EGCQ BM CLAD?JM CK BCX AMPPCBMPCQ BC ,5+<9(5*,
    BSP?LRC M PCNMSQM C ?N™Q SK? AMPPGB? BC  F   h   IK  4RGJGX?LBM RALGA?Q ?T?L?B?Q BC GK?ECK ACPC@P?J
    CQA?LC?KCLRMAMKRMKMEP?¤?NMPCKGQQŽMBCN™QGRPMLQ:/$3< CRALGA?QBCK?PA?ŽMOS”h GA?N?P?KCBGP??RGTGB?BC
    BMQJGE?LRCQMNGMGBCQ CJCQDMPLCACP?K??CTGB‘LAG?BGPCR?OSC?NMG??RCMPG?BCSK?Y@?P?RMBMAMPPCBMP^KCBG?B?NMP
    SKMNGMGBCAMKMCVCPA”AGMBC,5+<9(5*,.STCK QC?RJCR?QBGXCPCKOSCCJCQCQRŽMYL?XML?^ K?QGQQMSKRGNMBCMLB?
    CCQRŠPCJ?AGML?B?AMK?b CLBMP¤L?.@TG?KCLRC K?QNCQOSGQ?QQŽMLCACQQŠPG?Q K?Q?Y@?P?RMBMAMPPCBMP^MSCQR?PYL?
    XML?^LŽMSKDCLšKCLMQGKNJCQCNMBCCQR?PPCJ?AGML?BMAMKAMK@GL?CQKSGRMK?GMPCQBCAMLRPG@SGCQFMPKML?GQ
    CLCSP?GQ
    PCJ?ŽMCLRPCMQ?SKCLRMQBCb CLBMP¤L?CKQCPCQFSK?LMQC?J”TGMB?BMPBCTGBM?NPMNPGCB?BCQ?L?JEQGA?QB?b
    CLBMP¤L? LŽM CQRŠ AJ?P? .Q ?SKCLRMQ MAMPPCK RGNGA?KCLRC CK PCQNMQR? ?M CQRPCQQC B? KCQK? K?LCGP? OSC MSRPMQ
    FMPKšLGMQ QCAPCR?BMQ NCJ? ?BCLM FGN™¤QC  BC KMBM OSC BGPCAGML?P SK? A?P?ARCP”QRGA? BM FMPKšLGM ? SK QGLRMK? RCK
    QGBM BGD”AGJ BC QC PC?​JG​X?P CVNCPGKCLR?JKCLRC CK QCPCQ FSK?LMQ 2?@C QC  ? N?PRGP BC CQRSBMQ AMK ?LGK?GQ  OSC ? b
    CLBMP¤L?BCQCKNCLF?SKN?NCJ?L?JEQGAMLM?J”TGMB?BMP#COSCK?LCGP?MQ?SKCLRMQBCb CLBMP¤L?LMQ?LESCAMK
    MSQMBCTŠPG?QKMB?JGB?BCQSRGJGX?B?QCKRCP?NG?D”QGA?QCPCJ?AGML?KAMK?PCBSŽMMS?CJGKGL?ŽMB?BMPLŽMCQRŠAJ?PM
    C LŽM DMG AJ?P?KCLRC BMASKCLR?BM (KNPCQQGML?LRCKCLRC  ? PCBSŽM B? BMP NMBC QCP KCBG?B? K?GQ NMP KCA?LGQKMQ
    N?PŠAPGLMQ JMA?GQ N CV  QCAPCŽM BC b CLBMP¤L? NCJMQ JCSA™AGRMQ LM JMA?J BM PCACNRMP BC BMP  BM OSC AMK QCAPCŽM
    CLB™APGL?BCb CLBMP¤L?NCJ??BCLM FGN™¤QC
    Q ?B?NR?CQ ?M RPCGL?KCLRM B? b CLBMP¤L? C BC "3' N?PCACK MAMPPCP LM RPCGL?KCLRM GLRCPT?J?BM BC ?PP?LOSC
    K?QLŽMCKRPCGL?KCLRMBC,5+<9(5*,BSP?LRCNPMEP?K?QBCRPCGL?KCLRM?ASPRMNP?XM(QQM?NMG?BMNMPMSRPMCQRSBM
    CKOSCMRPCGL?KCLRMLŽM?DCRMS?QAMLACLRP?CQBCb CLBMP¤L?  "3'CAMPRGQMJAMKMAMLQC l S‘LAG?BCSK?AMPPGB?
    BCCQRCGP?BCKGL?BC5.KŠV/MSAMQCQ?@CQM@PC?Q?B?NR?CQBCb CLBMP¤L??MRPCGL?KCLRMBCPCQGQR‘LAG?
    /MPK  SK CQRSBM PCTCJMS OSC  QCK?L?Q BC RPCGL?KCLRM BC PCQGQR‘LAG? LŽM ?JRCP?P?K ?Q AMLACLRP?CQ BC "3'
    BSP?LRCMPCNMSQMMSQS?PCQNMQR??MCVCPA”AGMCKFMKCLQBCMS?LMQBCGB?BC.AMPRGQMJBGKGLSGCKFMKCLQ
    K?GQ TCJFMQ  QSECPGLBM PCBSŽM B? QCLQG@GJGB?BC BMQ PCACNRMPCQ BC EJGAMAMPRGAMGBCQ AMK M RPCGL?KCLRM BC PCQGQR‘LAG?
    ?NCQ?PBC?KCQK?AMLACLRP?ŽMBC "3'CQR?PNPCQCLRC QQGK MQRPCGL?KCLRMQCKGLRCLQGB?BCQK?GMPCQNMBCKA?SQ?P
    SKN?BPŽMBCPCQNMQR?K?GMPBMQNCNR”BGMQ/.,"

    >A<|=8>4BC8<D;03>A30C8A4>8347>A<|=8>4BC8<D;03>A34<4;0={28C>B4b4=3>AJ=0
    . FMPKšLGM CQRGKSJ?BMP BC RGPCMGBC  SK NMJGNCNR”BGM QGL?JGX?BMP GKNMPR?LRC B? D?K”JG? BC NCNR”BGMQ /.," $JC
    CQRGKSJ? ? EJ‹LBSJ? RGPCMGBC ? QCAPCR?P MQ FMPKšLGMQ RGPMVGL? 3  C RPG GMBMRGPMLGL? 3  OSC QŽM TGR?GQ N?P? ? DSLŽM
    ¤QGMJ™EGA?LMPK?J!?GV?QAMLACLRP?CQBCQQCQFMPKšLGMQPCQSJR?KL?AMLBGŽMN?RMJ™EGA?AF?K?B?BCYFGNMRGPCMGBGQKM^
    C?NPMBSŽMBCK?QG?B?PCQSJR?CKYFGNCPRGPCMGBGQKM^"?B?SK?A?P?ARCPGX?B?NMPDSLŽMKCR?@™JGA??LMPK?J CLRPC
    MSRPMQCDCGRMQLCE?RGTMQ QQGK MAMLRPMJCBMQFMPKšLGMQRGPCMGBG?LMQTGR?JN?P??DSLŽM¤QGMJ™EGA?LMPK?J
    2CLQ?CQ BC D?JR? BC CLCPEG?  E?LFM BC NCQM MS JCR?PEG? NMBCK QCP QGL?GQ BC EJ‹LBSJ? RGPCMGBC FGNM?RGT?
    FGNMRGPCMGBGQKM  . GMBCRM  M@PGE?R™PGM N?P? ? NPMBSŽM BMQ FMPKšLGMQ RGPCMGBG?LMQ QCK ?Q GLECQRCQ ?BCOS?B?Q BC
    GMBCRM N CV  Q?J GMB?BM  MQ FMPKšLGMQ RGPCMGBG?LMQ LŽM NMBCK QCP QGLRCRGX?BMQ JRCPL?RGT?KCLRC  KSGRM FMPKšLGM
    RGPCMGBG?LM NMBC PCQSJR?P CK QGLRMK?Q AMKM LCPTMQGQKM  GLQšLG?  CJCT?ŽM B? DPC​OS‘LAG? A?PB”?​A?  BMCL​? ​MASJ?P
    ?LQGCB?BCCBMCL​?BC&?TCQZSK?BMCL​?AJŠQQGA?B?EJ‹LBSJ?RGPCMGBC
    NPMBSŽMBCFMPKšLGMRGPCMGBG?LM?JR?KCLRCAMLRPMJ?B? AMKM32'QCLBMCQRGKSJ?BMNCJMFMPKšLGMJG@CP?BMPBC
    RGPCMRPM¤L?31' .31'JG@CP?BMNCJMFGNMRŠJ?KMCCQRGKSJ???BCLM FGN™¤QC?NPMBSXGP32'#?KCQK?K?LCGP?
    MSRPMFMPKšLGMQCAPCR?BMNCJMFGNMRŠJ?KM ?QMK?RMQR?RGL? GLG@C?JG@CP?ŽMBC32' JR?QAMLACLRP?CQBCFMPKšLGM
    RGPCMGBG?LM R?K@K DMPLCACK PCRPM?JGKCLR?ŽM LCE?RGT?  D?XCLBM AMK OSC ? FGN™¤QC PCAMLFC? OSC FŠ FMPKšLGM
    RGPCMGBG?LM QS¤AGCLRC K@?Q ?Q ?J?Q BC PCRPM?JGKCLR?ŽM NMQGRGT? C LCE?RGT? RP?@?JF?K N?P? PCESJ?P ?Q AMLACLRP?CQ
    LCACQQŠPG?QBCFMPKšLGMQRGPCMGBG?LMQLMAMPNM?¤KBCQ?RGQD?XCP?QBCK?LB?QKCR?@™JGA?QBMPCNMSQMCBMCVCPA”AGM
    .Q FMPKšLGMQ RGPCMGBG?LMQ QŽM TGR?GQ N?P? OS?QC RMB?Q ?Q PC?CQ OS”​KGA?Q LM AMPNM 2S? NPCQCL? ?DCR? BC TŠPG?Q
    K?LCGP?Q KSGRMQ NPMACQQMQ ¤QGMJ™EGAMQ BGDCPCLRCQ  GLAJSGLBM ? PCESJ?ŽM B? R?V? KCR?@™JGA? @?Q?J  M APCQAGKCLRM C M
    BCQCLTMJTGKCLRMCMKCR?@MJGQKMBCEMPBSP?Q NPMRC”​L?QCA?P@MGBP?RMQ$KMSRP?QN?J?TP?Q MQFMPKšLGMQRGPCMGBG?LMQ
    NCPKGRCKOSCTŠPG?QPC?CQKCR?@™JGA?QMAMPP?KNCJ?QS?NPCQCL?MS?QGLG@CNCJ?QS??SQ‘LAG?
    .QFMPKšLGMQCQRGKSJ?BMPCQBCKCJ?L™AGRMQ,2' OSCQŽMAJGT?BMQ?N?PRGPBMNCNR”BGM/.," BCQCKNCLF?KSK
    N?NCJ¤QGMJ™EGAMK?GQCQNCA”¤AM$JCQCQRGKSJ?K?JG@CP?ŽMBCKCJ?LGL?NCJMQKCJ?L™AGRMQLMA?@CJMCL?NCJC ?DCR?LBM?
    AMP BCQQ?Q AJSJ?Q .Q ,2' CVGQRCK AMKM a ,2'  ?KGLMŠ​AGBMQ  b ,2'  ?KGLMŠ​AGBMQ  C g ,2'  ?KGLMŠ​
    AGBMQ  $K@MP? ? NPGLAGN?J DSLŽM @GMJ™EGA? BMQ ,2' QCH? ? FGNCPNGEKCLR?ŽM  CJCQ R?K@K CQRGKSJ?K ? QCAPCŽM BC
    ?JBMQRCPML? NCJ?Q EJ‹LBSJ?Q QSNP?PPCL?GQ JK BGQQM  MQ ,2' N?PCACK ?DCR?P ? @?PPCGP? FCK?RCLACDŠJGA? N?P? EJGAMQC
    Q?A?PMQCC?J@SKGL? CGKN?AR?P?QDSLCQKCLR?GQ AMKMKCK™PG? CVAGR?ŽMCKCBM
     b CLBMP¤L? AMK  ?KGLMŠ^GBMQ   K?GQ SK MNGMGBC AMPNMP?J  AJGT?BM ? N?PRGP BM NMJGNCNR”BGM NPCASPQMP /.,"
    QQGK M/.,"R?K@KTCKBCSK?B?QD?K”JG?QBCNCNR”BGMQMNGMGBCQvJG@CP?B?NCJ??BCLM FGN™¤QC K?QR?K@K
    CLAMLRP?B?CKLCSPšLGMQLMCLAD?JMCLMQRCAGBMQNCPGDPGAMQ2CSQL”TCGQ?SKCLR?KCKPCQNMQR?BMP ?MRP?SK? ?MQ
    CVCPA”AGMQ BC ?JR? GLRCLQGB?BC C ? TŠPG?Q DMPK?Q BC CQRPCQQC N CV  M N?PRM  "MKM TGQRM ?LRCQ  OS?LBM ? b CLBMP¤L? DMG
    BCQAM@CPR?  ?JESK?Q NCQQM?Q NCLQ?P?K OSC CQQC CP? M FMPKšLGM OSC A?SQ?T? M Y@?P?RM BM AMPPCBMP^ NMP A?SQ? BC QS?Q
    OS?JGB?BCQL?RSP?GQQCKCJF?LRCQKMP¤L?AMKMSKNCNR”BGMMNGMGBC K?Q?QCLQ?ŽMSKR?LRM?K@”ES?C?JR?KCLRCGL*
    BG​TG​BS?JGX?B?

    ,4&   ;
    158)+<7,)7*-;1,),-6):-;87;<),707:5m617,7+:-;+15-6<7
    ,=:)6<-7-@-:+h+17
    9<< !1>1<5I&8)#
    96-,::69
    ,7(9;4,5;6-<;90;065(5+?,9*0:,/@:0636.@
    "50=,9:0;@6-0::6<90
    63<4)0(

    .FMPKšLGMBMAPCQAGKCLRM&' APSAG?JN?P?MAPCQAGKCLRMCMBCQCLTMJTGKCLRM¤QGMJ™EGAMQBSP?LRC?GLD‹LAG?
    C??BMJCQA‘LAG? CR?K@KGKNMPR?LRCN?P??K?LSRCLŽMB?FMKCMQR?QG?BMQQS@QRP?RMQCLCPERGAMQBSP?LRC?
    TGB? ?BSJR? 5ŠPGMQ D?RMPCQ NMBCK PCESJ?P ? JG@CP?ŽM BC &'  AMKM BGCR?  QMLM  KCBGA?KCLRMQ CRA  K?Q SK BMQ
    CQRGKSJ?BMPCQNPGLAGN?GQB?JG@CP?ŽMBC&'MCVCPA”AGM.CVCPA”AGMPCQSJR?CKSK?SKCLRMBPŠQRGAMBMQL”TCGQ
    BC&'CK?NCL?QKGLC?K@MQMQCVCPA”AGMQAMLR”LSMCGLRCPKGRCLRCQŽMGES?JKCLRCC¤AGCLRCQCK?SKCLR?P?Q
    AMLACLRP?CQBC&'CKF$QQ?PCQNMQR?BM&'GLBSXGB?NCJMCVCPA”AGMCQRŠPCJ?AGML?B?AMK?GLRCLQGB?BCBM
    CVCPA”AGMBCKMBMBMQC BCNCLBCLRCCMQL”TCGQBC&'NCPK?LCACKCJCT?BMQNMP?JESK?QFMP?Q?N™QMCVCPA”AGM
    JKBGQQM ?PCQNMQR?BC&'MAMPPCPŠCKRSPLMQPCNCRGBMQBCCVCPA”AGMAMKKGLA?B?SK QCK?RC​LS?​ŽMB?
    PCQNMQR? BM &' Q APG?L?Q R?K@K BCKMLQRP?K PCQNMQR? BC &' ?M CVCPA”AGM  C ? PCQNMQR? ¤L?J BC &' ?M
    CVCPA”AGMK?GMPCKNž@CPCQR?PBGMQBMOSCCKAPG?L?QK?GQLMT?Q
    4K?AMLBGŽMOSCNMBCGLRCPDCPGPL?QPCQNMQR?QBM&'CRCPPCNCPASQQCQLCE?RGT?QL?Q?ž​BCCLM@CK CQR?P?
    M@CQGB?BC  QCAPCŽM BC &' BSP?LRC M PCNMSQM  ?DCR?B? NPMDSLB?KCLRC CK GL​BG​T”​BSMQ AMK L”TCJ BC EMPBSP?
    AMPNMP?J?SKCLR?B?,?GQCQNCAG¤A?KCLRCM?AžKS gMBCEMPBSP?AMPNMP?JLM?@BMKC N?P oGASJ?P
    h CLRC?EMPBSP?
    
    TGQACP?J  QSNPGKC ? JG@CP?ŽM BC &'  NCQ?P BC QCP SK CQR”KSJM NMRCLRC  ?Q PCQNMQR?Q BC &' GLBSXGB?Q NCJM
    CVCPA”AGMQŽMNPCHSBGA?B?QCKGL​BG​T”​BSMQK?GQTCJFMQCM@CQMQ.CVCPA”AGMAMKBSP?ŽMCGLRCLQGB?BCQS¤AGCLRCQ
    PCQSJR?PŠ CK SK NCOSCLM ?SKCLRM B?Q AMLACLRP?CQ BC &' CK KSJFCPCQ M@CQ?Q  K?Q CQQ? PCQNMQR? BM &' 
    KCLMPBMOSC?OSCJ?TGQR?CKKSJFCPCQLŽMM@CQ?Q BGAGML?JKCLRC KSJFCPCQAMKM@CQGB?BCL?N?PRCQSNCPGMPBM
    AMPNMRCLBCK?RCPKCLMPPCQNMQR?BC&'?MCVCPA”AGMBMOSCKSJFCPCQAMKM@CQGB?BCL?N?PRCGLDCPGMPBMAMPNM
    K?QMGKN?ARMB?BGQRPG@SGŽMB?EMPBSP?AMPNMP?JQM@PC?PCQNMQR?BC&'?MCVCPA”AGMN?PCACQCPK?GQDP?AMBMOSC
    ?OSCJC B? M@CQGB?BC 7,9 :, JK BGQQM   QCK?L?Q BC RPCGL?KCLRM ?CP™@GM LŽM ?JRCP?P?K ? PCQNMQR? BM &' ?M
    CVCPA”AGM GLBCNCLBCLRCKCLRC BM D?RM BC ? A?N?AGB?BC BM CVCPA”AGM ?CP™@GM RCP ?SKCLR?BM QGELG¤A?RGT?KCLRC
    PCBSŽMBCNCQM N?P​RGASJ?P​KCLRC?PCBSŽMBCEMPBSP? APSAG?JN?P?LMR?PKCJFMP?QLMQL”TCGQBC&'@?Q?GQCBC
    CVCPA”AGMCKGL​BG​T”​BSMQM@CQMQ
    #CKMBMQGKGJ?P CKAPG?L?QM@CQ?Q?PCQNMQR??RCLS?B??MCVCPA”AGMCV?ACP@?B?AMKM?SKCLRMB?EP?TGB?BC
    B? M@CQGB?BC  ?RC​LS?​ŽM B? PCQNMQR? ?M CVCPA”AGM GLBSXGB? NMP &' DMG M@QCPT?B? R?LRM CK APG?L?Q LM GL”AGM
    OS?LRMLM¤L?JB?NS@CPB?BC
    QQGK GLRCLQGB?BCQPCJ?RGT?QK?GMPCQNMBCKQCPLCACQQŠPG?QN?P?CQRGKSJ?P??BCOS?B?JG@CP?ŽMBC&'BSP?LRCM
    CVCPA”AGMCKGL​BG​T”​BSMQM@CQMQCNMBCJCT?PACPRMNCP”M​BMBCRPCGL?KCLRM?LRCQOSCQCH?TGQR?KCJFMP?QS@QR?LAG?J
    LMQL”TCGQBC&'

    %121>g:/5-?
     *?L?JCW) 6C?RFCPSN #CLRCQ,, )?WLCQ$! CR?J.@CQGRW?RRCLS?RCQRFCEPMURFFMPKMLCPCQNMLQCRMCVCPAGQC)"JGL
    $LBMAPGLMJ,CR?@Z
     *?L?JCW )  6CJRK?L )8  5CJBFSGQ )#  CR ?J 'SK?L EPMURF FMPKMLC PCQNMLQC RM PCNC?RCB @MSRQ MD ?CPM@GA CVCPAGQC )
    NNJ/FWQGMJZ
     .JGTCP21 1MQ?)2 ,GLF3# CR?J#MQC BCNCLBCLRPCJ?RGMLQFGN@CRUCCLQCTCPGRWMDNCBG?RPGAM@CQGRW?LB@JSLRGLEMDRFC
    EPMURFFMPKMLCPCQNMLQCRMCVCPAGQC) NNJ/FWQGMJZ
     /PGRXJ?DD ")  6GBCK?L +  6CJRK?L )8  CR ?J (KN?AR MD ?ASRC CVCPAGQC GLRCLQGRW ML NSJQ?RGJC EPMURF FMPKMLC PCJC?QC GL
    KCL) NNJ/FWQGMJZ
     2?SPM+, *?L?JCW) 3FCCDDCARMDCVCPAGQCBSP?RGML?LBKMBCMLRFCEPMURFFMPKMLCPCQNMLQCQGLWMSLEUMKCLML
    MP?JAMLRP?ACNRGTCQ$SP) NNJ/FWQGMJZ
     6CJRK?L  6CJRK?L )8  5CJBFSGQ )#  CR ?J !MBW AMKNMQGRGML  NFWQGA?J CVCPAGQC  EPMURF FMPKMLC ?LB M@CQGRW $?R
    6CGEFR#GQMPBZ
     6CJRK?L  6CJRK?L )8  6?RQML 6GL¤CJB ##  CR ?J $DDCARQ MD AMLRGLSMSQ TCPQSQ GLRCPKGRRCLR CVCPAGQC  M@CQGRW  ?LB
    ECLBCPMLEPMURFFMPKMLCQCAPCRGML)"JGL$LBMAPGLMJ,CR?@Z
    86DA0   ;s0B A46D;0C{A80B 34 2>=CA>;4 34 A4CA>0;8<4=C0sr> 3>B ?>;8?4?Cw38>B >?8>834B 4 34 ?A{
    >?8><4;0=>2>AC8=0&%#%†@;GFC;M>?IJCIC>?M  ;>;OG;N?GJLI>ONIMVH;CM<CI;NCPIMKO?MŠI=FCP;>IM
    ?HTCG;NC=;G?HN?>?OGJL?=OLMIL;NŒ;MMO;MM?​KOH=C;MVH;CM JL• IJCIG?F;HI=ILNCH;-,* Œ;JL?=OLMIL;
    >? P†LCIM J?JN>CIM <CI;NCPIM <?G =IHB?=C>IM
     CH=FOCH>I ;>L?HI=ILNC=INLIVH;  1%
     KO? ?MNCGOF; I =•LN?R >;
    AF‡H>OF; MOJL;LL?H;F ; JLI>OTCL =ILNCMIF
     BILG–HCIM ?MNCGOF;>IL?M >? G?F;H•=CNIM
     b ?H>ILVH; ? b FCJINLIVH;  M
    >O;MšFNCG;M@;GFC;M>?M=I<?LN;M@IL;G;MUJL?JLI?H=?@;FCH;M[JL?JLI ?HE
    OG;@;GFC;>?J?JN>CIMIJCIC>?MKO?
    MŠIIMJL?=OLMIL?M>IMJ?JN>CIM<CI;NCPIMG?N ?F?O ?H=?@;FCH;
    G;MN;G<ŒG>IM@L;AG?HNIMJ?JN>C=IMIJCIC>?M
    CGJILN;HN?M#
    "
    ?H=IHNL;>IMHI?H=Œ@;FI?H;G?>OF;>;AF‡H>OF;MOJL;LL?H;F @;GFC;>?J?JN>CIMIJCIC>?M
    >?M=I<?LN; JIL šFNCGI @IC ; UJL?JLI>CHILVH;[ JL?JLI >SH
     KO? Π?H=IHNL;>; JIL NI>; ; J;LN? =?HNL;F >I MCMN?G;
    H?LPIMI?ŒJL?=OLMIL;>IMJ?JN>CIM<CI;NCPIM;F@;H?I?H>ILVH;?>CHILVH;M M@OH‹™?MVMCIF•AC=;M>;MšFNCG;M
    @;GFC;M >? J?JN>CIM IJCIC>?M MŠI G?HIM ?HN?H>C>;M
     G;M ?F;M @IL;G L?F;=CIH;>;M JIN?H=C;FG?HN? =IG OG;
    P;LC?>;>?>?G?=;HCMGIMKO?;DO>;G;G?>C;L;;H;FA?MC;
    ;GI>OF;‹ŠICGOHIF•AC=;JL?JLI ?HE
    I=IHNLIF?>?
    N?GJ?L;NOL;
    I;J?NCN?JL?JLI >SH?GOCN;MIONL;M@OH‹™?M>C@?L?HN?ML?F;=CIH;>;M=IG;​†L?;>;FC<?L;‹ŠI ,M
    G?=;HCMGIML?AOF;N•LCIM<†MC=IMMŠIM?G?FB;HN?M;IONL;MFC<?L;‹™?MBCJIN;F‡GC=I BCJIVM†LC;M
    =IG@;NILFC<?L;>IL
    >?=ILNC=INLIVH; /#?MNCGOF;H>I;FC<?L;‹ŠI>IJ?JN>CI-,*
    KO?Œ?HNŠI=FCP;>IJILL?;‹™?M?HTCG†NC=;M?G
    M?OMP†LCIMJ?JN>CIM<CI;NCPIM;HN?M>;FC<?L;‹ŠIJ;L;=CL=OF;‹ŠI
    86DA0 (4B?>BC0B30b4=3>AJ=00>4G4A2w28>34 40>4G4A2w28>34A4B8BCu=280/?MJIMN;M>;
    b ?H>ILVH; b FCJINLIVH;;HN?M?>?JICM>?=ILLC>;M>?GCH?G?MN?CL;?GCHN?HMC>;>?M>??R?L==CI>C@?L?HN?M 
    /?MJIMN;M >; b ?H>ILVH; ;I ?R?L==CI >? L?MCMNH=C; >?GIHMNL;G KO? I ?R?L==CI =IG L?MCMNH=C;M >?  /* ?
    J?LI​>IM >? >?M=;HMI =OLNIM >?  GCH JLI>OT?G ;M G;CIL?M =IH=?HNL;‹™?M JF;MG†NC=;M  G<IM IM ?R?GJFIM
    J;L?=?G ?MN;L ;MMI=C;>IM ‰ L?MJIMN; >? F;=N;NI
     L?W?NCH>I KO? CHN?HMC>;>?M G?N;<•FC=;M G;CIL?M ?MNCGOF;G
    =IH=?HNL;‹™?MG;CIL?M *I>CV=;>;>?#;LL?F-
    $;N?M4(
    *;EMO>*$
    *ILA;H4- &H=L?;M?MCHJF;MG;<?N;
    ?H>ILJBCH <?N; FCJINLIJCHCGGOHIL?;=NCPCNS;@N?LNL?;>GCFFLOHHCHACHBOG;HM 'JJF-BSMCIF  ?
    (L;?G?L 4'
     !TC;>IM '"
     *;L=BCN?FFC )'    "@@?=NM I@ >C@@?L?HN B?;PS L?MCMN;H=? ?R?L=CM?M JLINI=IFM IH JF;MG;
    <?N; ?H>ILJBCH=IH=?HNL;NCIHM 'JJF-BSMCIF   
    OG?HNIMCAHCV=;NCPI>;M=IH=?HNL;‹™?M>?L?JIOMIJLŒ ?R?L==CI

    &0?4;A4B?>BC0B4030?C0s~4B3>4G4A2w28>
    #MQNCNR”BGMQBCPGT?BMQBM/.," ?b CLBMP¤L? M32'CM,2'QŽMPCQNMLQGTMQ?MCQRPCQQCBMCVCPA”AGM ?GLB?OSCM
    K?GQPCQNMLQGTMQCH??b CLBMP¤L? OSCRCKSKN?BPŽMQCKCJF?LRC?M&'C?M "3'"MK?QDSLCQGKNMPR?LRCQBMQ
    FMPKšLGMQ RGPCMGBG?LMQ LM KCR?@MJGQKM  M 32'  SK NCNR”BGM /.,"  PCQNMLBC ?M CQRPCQQC BM CVCPA”AGM  KCQKM CK
    A?KGLF?B?QBC@?GV?GLRCLQGB?BC
    R M KMKCLRM  ?Q PCQNMQR?Q BMQ BGDCPCLRCQ ,2' ?M CVCPA”AGM QŽM KCLMQ CQRSB?B?Q  AMK ?SKCLRMQ MAMPPCLBM AMK
    A?KGLF?B?QJCTCQ?KMBCP?B?Q/MQQGTCJKCLRCCJCQR?K@KR‘KGLRCP?CQR?LRMAMKNPMACQQMQGL¥?K?R™PGMQOS?LRMAMK
    FMPKšLGMQPCESJ?R™PGMQCLTMJTGBMQAMKM?NCRGRCC?CVAGR?ŽMCKL”TCGQACPC@P?GQQSNCPGMPCQ/MPA?SQ?BMQCSN?NCJLM
    KCR?@MJGQKM  M CVCPA”AGM CK GLRCLQGB?BCQ JCTCQ ? KMBCP?B?Q ?SKCLR?PŠ ?Q AMLACLRP?CQ BC 32' LM Q?LESC  -ŽM
    CQRŽMAJ?P?QOS?GQ?B?NR?CQBM32'MAMPPCK?MRPCGL?KCLRM#COSCK?LCGP?M32'PCQNMLBC?MRPCGL?KCLRM?JMLEM
    NP?XM LŽM CQRŠ AJ?PM /?P? AMKNJGA?P ?GLB? K?GQ  DMG KMQRP?BM OSC ? PCESJ?ŽM BC 3 C 3 KCBGBMQ LM Q?LESC LŽM 
    PCQNMLQGT??MQCVCPA”AGMQBC,5+<9(5*,MSBCPCQGQR‘LAG?#GKGLSGŽMB?QAMLACLRP?CQBCPCNMSQMDMGM@QCPT?B?AMK?
    PCQRPGŽMA?J™PGA?
     b CLBMP¤L?  ? K?GQ PCQNMLQGT? ?M CQRPCQQC BM CVCPA”AGM C ?SKCLR? CK PCQNMQR? ?M CVCPA”AGM ?ESBM %GESP?  
    %?PPCJJ,;(3DMP?KMQNPGKCGPMQ?CV?KGL?P?PCQNMQR?BCb CLBMP¤L?b JGNMRPM¤L??MCQRPCQQCBMCVCPA”AGMAMLRPMJ?BM
    K@?QKMQRP?P?KMK?GMP?SKCLRM?N™QSK?AMPPGB?BCKGL?BMAMLQSKMKŠVGKMBCMVGE‘LGM K?QLŽM?N™Q
    AMPPGB?Q BC  KGL AMK GLRCLQGB?BC CQAMJFGB? ?   QSECPGLBM OSC GQQM LŽM DMG RGNGA?KCLRC PCJ?AGML?BM AMK ?
    GLRCLQGB?BC%GESP? .N?BPŽMBCPCQNMQR?QGLRCLQGB?BCQBCCVCPA”AGMBC,5+<9(5*,QS@KŠVGK?Q?GLB?NCPK?LCACBC
    ACPR?K?LCGP?LŽMCQAJ?PCAGBM K?QN?PCACQCPSK?GLRCP?ŽMCLRPC?GLRCLQGB?BCC?BSP?ŽM$LRPCR?LRM QŽMM@QCPT?BMQ
    ?SKCLRMQAMKMCVCPA”AGM?AGK?BMJGKG?P?L?CP™@GMMSAMK:7905;:PCNCRGBMQ JKBGQQM *P?CKCP,;(3KMQRP?P?K
    OSC?b CLBMP¤L?QCLQ”TCJGLRCLQGB?BCKCR?@™JGA?BMCVCPA”AGMBCPCQGQR‘LAG? BCKMBMN?PCAGBMAMK?QPCQNMQR?QBM
    &' AMKMQT?JMPCQK?GQ?JRMQQCLBMM@QCPT?BMQBSP?LRCRP?@?JFMQAMK?JR?BCK?LB?KCR?@™JGA?SRGJGX?LBMPCQGQR‘LAG?BC
     1, NMP  CVCPA”AGMQ C NCP”M​BMQ BC  KGL BC BCQA?LQM Q KSB?L?Q ?QQMAG?B?Q ?M RPCGL?KCLRM L?Q AMLACLRP?CQ
    Q?LES”​LC?Q BC b CLBMP¤L? R?K@K N?PCACK CQR?P PCJ?AGML?B?Q AMK M CQRPCQQC RMR?J $QNCAG¤A?KCLRC  M RPCGL?KCLRM
    AMK@GL?BM BC :7905; ?CP™@GM?L?CP™@GM PCQSJR? CK AMLACLRP?CQ K?GMPCQ BC b CLBMP¤L?  OSC NMBCK ?SKCLR?P ?
    A?N?AGB?BCBMGL​BG​T”​BSM?MCVCPA”AGMCKSK?GLRCLQGB?BC?@QMJSR?K?GMP

    10$'1641=0$5
    3?LRM CK FMKCLQ OS?LRM CK KSJFCPCQ  ?Q EML?BMRPM¤L?Q CQRGKSJ?K ? JG@CP?ŽM BC FMPKšLGMQ QCVS?GQ  NPGLAGN?JKCLRC
    RCQRMQRCPML?CKFMKCLQCCQRPME‘LGMCKKSJFCPCQ EML?BMRPM¤L?AMPGšLGA?FSK?L?F"& QCAPCR?B?NCJ?NJ?ACLR?
    BSP?LRC ? EP?TGBCX . FMPKšLGM JSRCGLGX?LRC +'  C M FMPKšLGM DMJGASJMCQRGKSJ?LRC %2'  QŽM MQ QGL?GQ FMPKML?GQ
    NPGKŠPGMQOSCCQRGKSJ?K?JG@CP?ŽMBMQFMPKšLGMQCQRCPMGBCQQCVS?GQ %GESP?KMQRP?SK?AMKN?P?ŽMBMQCDCGRMQ
    BC+'C%2'CLRPCFMKCLQCKSJFCPCQCQCSQ?JTMQ¤QGMJ™EGAMQ HSLRMAMK?Q?J?QBCPCRPM?JGKCLR?ŽM?QQMAG?B?Q
    $KKSJFCPCQ ?QCAPCŽMBMFMPKšLGMJG@CP?BMPBCEML?BMRPM¤L?Q&L1' NCJMFGNMRŠJ?KMMAMPPCBCK?LCGP?NSJQŠRGJ
    D?XCLBMAMKOSC+'C%2'QCH?KJG@CP?BMQBCK?LCGP?QGKGJ?PNCJ?FGN™¤QC JKBGQQM ?QCAPCŽMBGDCPCLAG?JBSP?LRCM
    K‘QNCPKGRCOSCMAGAJMKCLQRPS?JT?PGCQS?QAMLACLRP?CQBCCQRPME‘LGMN?P?K?LRCPMAGAJMKCLQRPS?J.+'?DCR?M
    DMJ”ASJM MT?PG?LM  CQRGKSJ?LBM ? MTSJ?ŽM C K?LRCLBM M AMPNM JžRCM  C M %2' ?HSB? LM BCQCLTMJTGKCLRM BM DMJ”ASJM
    MT?PG?LMCCQRGKSJ??QCAPCŽMBCCQRP?BGMJCBCNPMECQRCPML?$KKSJFCPCQ M%2'CQRGKSJ??NPMBSŽMBCGLG@GL? OSC
    R?K@K CVCPAC PCRPM?JGKCLR?ŽM LCE?RGT? R?LRM LM FGNMRŠJ?KM OS?LRM L? FGN™¤QC .Q QGQRCK?Q BC PCRPM?JGKCLR?ŽM
    NMQGRGT?CLCE?RGT? BCQR?A?BMQL?%GESP? NCPKGRCKMAMLRPMJCBM+' BM%2'CB?QCAPCŽMBMQCQRCPMGBCQQCVS?GQ
    CKKSJFCPCQ
    86DA0 ;814A0sr>34=(4<7><4=B4<D;74A4BA4BD;C0=0;814A0sr>34"434)@D48<?02C0<
    C4283>B3854A4=C4B4<7><4=B4<D;74A4B

    $KFMKCLQ M&L1'PCQSJR?L?JG@CP?ŽMBC+'CBC%2'NCJ??BCLM FGN™¤QCB?KCQK?K?LCGP?OSCL?QKSJFCPCQ


    K?QCJC?ECCKSKRCAGBM ?JTMAMKNJCR?KCLRCBGDCPCLRC?QAJSJ?QBC+CWBGE LMQRCQR”ASJMQN?P?NPMBSXGPRCQRMQRCPML?
    5?JCPCQQ?JR?POSCM+'CQRGKSJ??QAJSJ?QB?RCA?BMQMTŠPGMQ?NPMBSXGPRCQRMQRCPML?CSK?DMLRCBCRCQRMQRCPML?CK
    KSJFCPCQ?MSRP?MA™PRCVB?EJ‹LBSJ?QSNP?PPCL?J  QCAPCŽMBC%2'GL¥SCLAG??QAJSJ?QBC2CPRMJGLMQRCQR”ASJMQ?
    ?HSB?PL?NPMBSŽMBCCQNCPK?CL?QCAPCŽMBCEJM@SJGL?JGE?BMP?BCFMPKšLGMQQCVS?GQ&+'2 ?NPGLAGN?JNPMRC”​L?
    OSCJGE??RCQRMQRCPML?CK?LRK?QS?KCG? TGB?LMQ?LESC

    ?5C@8y?:@D
    $KFMKCLQCKSJFCPCQ MQ?LBPME‘LGMQ MSFMPKšLGMQCQRCPMGBCQQCVS?GQ QŽMMQPCESJ?BMPCQK?GQGKNMPR?LRCQB?DSLŽM
    ¤QGMJ™EGA? PCJ?AGML?B? AMK M QCVM  RCQRMQRCPML? CK FMKCLQ C M CQRPME‘LGM CK KSJFCPCQ R‘K CDCGRMQ PCESJ?R™PGMQ
    GKNMPR?LRCQN?P?A?B?E‘LCPM

    (56156(410$
     RCQRMQRCPML?  M FMPKšLGM ?L?@™JGAM K?GQ GKNMPR?LRC LMQ FMKCLQ 3CK N?NCJ L? NPMBSŽM BC A?P?ARCP”QRGA?Q
    1>4B?7m>931CBMQFMKCLQBSP?LRCMBCQCLTMJTGKCLRMB?NS@CPB?BCCK?GQR?PBCL?DMPK?ŽMBMQ​KžQASJMQ CTGR?JN?P?
    MDSLAGML?KCLRM™RGKM RCQRMQRCPML?KCBCG?MBCQCLTMJTGKCLRML?GLD‹LAG?GLGAG?JAMK?K?QASJGLGX?ŽMBMCLAD?JM
    GL¥SCLAG?MBCQCLTMJTGKCLRMB?QA?P?ARCP”QRGA?QQCVS?GQQCASLBŠPG?QCKKCLGLMQHMTCLQCCQRGKSJ?MBCQCLTMJTGKCLRMBC
    K?QQ?Q ​KSQASJ?P C ™QQC?  DMP? C JG@GBM CK FMKCLQ . @JMOSCGM BCQQC FMPKšLGM CK FMKCLQ HMTCLQ NMBC PCQSJR?P CK
    A?N?AGB?BC BGKGLS”​B? BC DMPK?P ? DMP? MS M R?K?LFM ​KSQASJ?P #? KCQK? K?LCGP?  M @JMOSCGM BC +' CK FMKCLQ
    K?GQTCJFMQAMKA‹LACPBCNP™QR?R? AF?K?BMBCYRCP?NG?BCNPGT?ŽM^ PCQSJR?CKAMLACLRP?CQBCRCQRMQRCPML?OSCQŽM
    GLQGELG¤A?LRCQ QQGK CKACPA?BCQCGQKCQCQ ?QD?K”JG?QFMPKML?GQBC&'C(&%LCQQCQFMKCLQAMKA‹LACPBCNP™QR?R?
    N?PCACK ?QQSKGP ? DSLŽM ?L?@™JGA? NPGLAGN?J  B? KCQK? K?LCGP? OSC CK KSJFCPCQ  NCPKGRGLBM M BCQCLTMJTGKCLRM BM
    R?K?LFMCB?DMP?BM​KžQASJMAMKRPCGL?KCLRMBCPCQGQR‘LAG? NPMBSŽMBCRCQRMQRCPML??JA?L?B?NMPKCGMBC
    SK?QPGCBCPC?CQ N?PRGPBMQRCPBCAMJCQRCPMJ@ŠQGAM ?Q”LRCQCBCYNP™ FMPKšLGMQ^JCT?Q”LRCQCBCRCQRMQRCPML?
    0S?LBM KSGR? RCQRMQRCPML?  NPMBSXGB?  PCQSJR? CK L”TCGQ K?GQ ?JRMQ BC AMKNMQRMQ BC CQRPME‘LGM C BC BG
    FGBPMRCQRMQRCPML? OSCGLRCP?ECKNPGLAGN?JKCLRCAMKMQRCAGBMQPCJ?AGML?BMQAMKMQCVM AMKM?EJ‹LBSJ?NPMQRŠRGA?LMQ
    FMKCLQ%GESP? 

    86DA0    4BC4A>83>6u=4B4 t D<0 BtA84 34 A40s~4B 0 ?0AC8A 3> tBC4A 34 2>;4BC4A>; @D4 A4BD;C0 =>B
    7>A<|=8>B4BC4A>834B

    $KKSJFCPCQ MQCQRPME‘LGMQDMPLCACK?@?QCN?P?MAGAJMKCLQRPS?JCGKN?AR?KSK?T?PGCB?BCBCBGDCPCLRCQDSLCQ
    PCJ?AGML?B?Q AMK M AGAJM KCLQRPS?J Q AMLACLRP?CQ BC RCQRMQRCPML? QŽM BC  ?  TCXCQ K?GQ @?GV?Q CK KSJFCPCQ
    OS?LBM AMKN?P?B?Q ?MQ FMKCLQ  C ? RCQRMQRCPML?  NPMBSXGB? LMQ MTŠPGMQ C LM A™PRCV B? EJ‹LBSJ? QSNP?PPCL?J Q
    KSJFCPCQAMLR?KK?GQAMKMQQGQRCK?QFMPKML?GQBC&'CBC(&%BMOSCMQFMKCLQN?P??QDSLCQ?L?@™JGA?Q

    &0?4;A4B?>BC0B4030?C0s~4B3>4G4A2w28>
    $QRŠ@CKCQR?@CJCAGBMOSCMCVCPA”AGM?CP™@GM?ESBMCBCPCQGQR‘LAG?CKBCRCPKGL?B?QGLRCLQGB?BCQ%GESP? ?SKCLR?
    ?Q AMLACLRP?CQ Q?LES”​LC?Q BC RCQRMQRCPML? CK FMKCLQ C CK KSJFCPCQ  CK@MP? AMK CJCT?CQ BP?QRGA?KCLRC KCLMPCQ
    CKKSJFCPCQ   
    .QCDCGRMQ AF?TCBMCVCPA”AGMLMQRCAGBMQ ?JTM CQNCAG¤A?KCLRCLM h žQASJMCQOSCJRGAM QŽMSK?SKCLRML?OS?LRGB?BC
    BC RCQRMQRCPML? DMPLCAGB? C ?SKCLRM B? OS?LRGB?BC BC ¤@P?Q h SQASJ?mCQ OSC QC RMPL?K ?RGT?B?Q  M OSC NMP QS? TCX GPŠ
    PCESJ?P NMQGRGT?KCLRC SK? OS?LRGB?BC K?GMP BC PCACNRMPCQ $K@MP? ? AMPPGB? C M JCT?LR?KCLRM BC NCQM ?SKCLRCK ?Q
    AMLACLRP?CQAGPASJ?LRCQBCRCQRMQRCPML? SK?OS?LRGB?BCK?GMPBCSLGB?BCQKMRMP?QCSKJGKG?PK?GQ?JRMBCSLGB?BCQ
    KMRMP?Q QŽM LMPK?JKCLRC LCACQQŠPGMQ N?P? JCT?LR?P MQ K?GMPCQ NCQMQ . QGL?J B? RCQRMQRCPML? N?P? ?SKCLR?P ? Q”LRCQC
    NPMRCGA? T?G  NMPR?LRM  GKN?AR?P SK? OS?LRGB?BC K?GMP BC ¤@P?Q h SQASJ? mCQ  CQNCAG?JKCLRC ?Q ¤@P?Q RGNM ((  JCT?LBM ?
    FGNCPRPM¤?K?GMPBCRMBMM h žQASJMBSP?LRCMJCT?LR?KCLRMBCEP?LBCQNCQMQ
    .QCDCGRMQBMRPCGL?KCLRML?QCAPCŽMBCRCQRMQRCPML?QŽMT?​PGŠ​TCGQ BCNCLBCLBMB?@M?DMPK?BM?RJCR? BMTMJSKCCB?
    GLRCLQGB?BC BM RPCGL?KCLRM C QC CQRŠ QCLBM PC?​JG​X?BM SK RPCGL?KCLRM CVACQQGTM   &CP?JKCLRC  LM RPCGL?KCLRM BC
    PCQGQR‘LAG? CK FMKCLQ  NMBCK QCP M@QCPT?BMQ ?SKCLRMQ LMQ T?JMPCQ BC PCNMSQM CK PCJ?ŽM ?MQ T?JMPCQ BM NP
    RPCGL?KCLRM JK BGQQM  ?Q AMLACLRP?CQ GLBSXGB?Q NCJM CVCPA”AGM CK PCQNMQR? ?M RP?@?JFM NMBCK QCP K?GMPCQ OSC MQ
    L”TCGQ BC NP RPCGL?KCLRM  AMLRPG@SGLBM N?P? A?N?AGB?BC K?GMP BC CVCPA”AGM BGAGML?JKCLRC  ?Q PCQNMQR?Q BC
    RCQRMQRCPML?NMBCKT?PG?P BCNCLBCLBMB?Q?RGTGB?BCQBCAMLBGAGML?KCLRM AMKMBCKMLQRP?BMNMP,MMPCC%PW-CQQC
    CQRSBM DMGCLAMLRP?BMOSC?RCQRMQRCPML?BGKGLSGOS?LBMMQHME?BMPCQBCDSRC@MJ?KCPGA?LMN?P?P?KAMKMRPCGL?KCLRM
    AMKNCQMC¤XCP?K?NCL?Q:7905;:GLRCPT?J?BMQ CVCPA”AGMQBC?EGJGB?BCCCVCPA”AGMQBCNPŠRGA?BCAMPPGB?CBC@JMOSCGM K?Q
    ?Q AMLACLRP?CQ PCRMPL?P?K Q JGLF?Q BC @?QC OS?LBM M RPCGL?KCLRM LMPK?J AMK NCQMQ C M AMLBGAGML?KCLRM DMP?K
    PCQR?SP?BMQ $QQCQ B?BMQ GLBGA?K OSC  LCACQQŠPGM ?RCLŽM ?M KMBSJ?P MQ NPMEP?K?Q BC AMLBGAGML?KCLRM PCRGP?LBM ?Q
    ?RGTGB?BCQ?L?@™JGA?QN?P?MQNPMRMAMJMQK?GQA?R?@™JGAMQMSBCQSNCPRPCGL?KCLRM HŠOSC?QDSLCQ¤QGMJ™EGA?QNMBCKQCP
    AMKNPMKCRGB?Q
    . RPCGL?KCLRM BC ,5+<9(5*, NMBC PCQSJR?P CK LCLFSK? KSB?L? MS CK BGKGLSGŽM BMQ T?JMPCQ BC RCQRMQRCPML? BC
    PCNMSQMR?LRMCKFMKCLQOS?LRMCKKSJFCPCQ $LRPCR?LRM AMKMRPCGL?KCLRMBC,5+<9(5*,CVRPCKM AMKM?OSCJCQ
    N?P? K?P?RML?Q C N?P? CTCLRMQ BC <3;9(,5+<9(5*,  NMBCK QCP M@QCPT?B?Q PCBSCQ QGELG¤A?RGT?Q ?R L?Q AMLACLRP?CQ
    FGNMEML?B?GQ  
    /MPA?SQ?B?QAMLACLRP?CQKSGRMKCLMPCQCB?QDMLRCQNPMTCLGCLRCQBMQMTŠPGMQCBMA™PRCVB?EJ‹LBSJ?QSNP?PPCL?J
    N CV  ?LBPME‘LGMQ QSNP?PPCL?GQ  ?Q PCQNMQR?Q B? RCQRMQRCPML? ?M RPCGL?KCLRM CK KSJFCPCQ QŽM KCLMQ AJ?P?Q "MK M
    RPCGL?KCLRM BC PCQGQR‘LAG?  NCOSCLMQ  NMPK QGELG¤A?RGTMQ ?SKCLRMQ L?Q AMLACLRP?CQ BC PCNMSQM DMP?K M@QCPT?BMQ
    BGAGML?JKCLRC  NCOSCLMQ ?SKCLRMQ B? RCQRMQRCPML? JGTPC ?OSCJ? OSC LŽM CQRŠ JGE?B? ? LCLFSK? NPMRC”​L? JGE?BMP? C
    NMPR?LRM   AMLQGBCP?B? @GM?RGT?  DMP?K M@QCPT?BMQ CK KSJFCPCQ CK RPCGL?KCLRM BC ,5+<9(5*,  "MLRSBM  ?
    RCQRMQRCPML? BCQCKNCLF? M QCS NPGLAGN?J N?NCJ L? PCASNC​P?ŽM C LM PCN?PM RC​AG​BS?J CK FMKCLQ NMP A?SQ? B?Q
    AMLACLRP?CQKMJ?PCQK?GQ?JR?QA?N?XCQBCQCPCKJG@CP?B?QCQCAPCR?B?QNCJMQRCQR”ASJMQ

    86DA0   (4B?>BC0B 30 C4BC>BC4A>=0 0> ?A>C>2>;> 34 4G4A2w28>B 34 A4B8BCu=280 2>=B8BC8=3> 4<  BtA84B
    DC8;8H0=3>
     A4?4C8s~4B 0> <oG8<> (# 4  <8= 34 A4?>DB> 4=CA4 0B BtA84B 4 > 4G4A2w28> 6A03D03>
    34B2>=Cw=D>4<4BC48A0DC8;8H0=3>E4;>283034B340  :< 72><4BCo68>B34<8=4<2030D<030B
    3854A4=C4B 8=C4=B83034B C4A<8=0=3> 2>< D< 4BCo68> 34  0  <8= 0

     3> ,%  <oG 4  <8= 4=CA4 >B


    4BCo68>B?0A002>;4C034B0=6D4OG?HNIMCAHCV=;NCPIMI<L?IMP;FIL?MJLŒ ?R?L==CI

    5641*a0,15(&,&.1/(05647$.
    .Q CQRPME‘LGMQ BCQCKNCLF?K SK N?NCJ GKNMPR?LRC L? PCESJ?ŽM BM AGAJM KCLQRPS?J CK KSJFCPCQ . AGAJM KCLQRPS?J 
    A?P?ARCPGX?BMNCJ?=5>CDBE1kj? MSQ?LEP?KCLRMKCLQ?J OSCNCPKGRCOSCMAMPNMB?KSJFCPJG@CPC?AM@CPRSP?BMžRCPM
    .Q?LESCKCLQRPS?J¥SG?RP?TQBCSK?NCOSCL??@CPRSP?LMAMJMBMžRCPMCN?QQ?N?P?DMP?BMAMPNM?RP?TQB?T?EGL?
    !M?N?PRCBMQNCP”M​BMQKCLQRPS?GQBSP?BC?BG?Q KCLQRPS?ŽMNPCN?P?MAMPNMDCKGLGLMN?P??EP?TGBCXRMBMQMQ
    KCQCQ  C  KCBG?B? NPGLAGN?JKCLRC NCJM CQRP?BGMJ C NCJ? NPMECQRCPML? . AGAJM KCLQRPS?J KBGM  BC  BG?Q  K?Q NMBC
    T?PG?PCLRPCCBG?Q C?RBG?QCK?BMJCQACLRCQ
    %GESP?KMQRP??QBGDCPCLRCQD?QCQBMAGAJMKCLQRPS?J.+'CQRGKSJ??JG@CP?ŽMBCCQRP?BGMJCGQQMNCPKGRCOSCM
    PCTCQRGKCLRMSRCPGLMAPCQ?C¤OSCCQNCQQM4K™TSJMCKSKBMQMTŠPGMQAMKC?MNPMACQQMBCK?RSP?ŽM/MPTMJR?BM
    BG?CKSKAGAJMBCBG?Q M™TSJMBCGV?MMTŠPGMMOSCAF?K?BMBCMTSJ?ŽM CRP?LQNMPR?BMNCJ?RS@?SRCPGL??R
    MžRCPMvK?GQNPMTŠTCJOSCSK?KSJFCP¤OSCEPŠTGB?BSP?LRCMQRP‘QBG?Q?LRCPGMPCQMSLMBG?B?MTSJ?ŽM2CM™TSJM
    DCPRGJGX?BM NCJM CQNCPK? BC SK FMKCK C QC JGE?  N?PCBC SRCPGL?  MAMPPC ? EP?TGBCX 4K? KSJFCP LMPK?JKCLRC
    ?NPCQCLR?PŠAGAJMQK?GQASPRMQCK?GQPCESJ?PCQAMK?GB?BC?N™Q??BMJCQA‘LAG?

    86DA0 
     B 3854A4=C4B 50B4B 3> 282;> <4=BCAD0; , 6!   Π>? -L?GEOG;L (  1B? *;MM;A?
    IHH?=NCIH H;NIGS ;H> -BSMCIFIAS  ;FNCGIL?
     *! )CJJCH=INN 4CFFC;GM  4CFECHM    %
    % %
    %  @IC
    @ILH?=C>;JILH;NIGC=;F B;LN I 

    =KDu=2803>4G4A2w28>=>282;><4=BCAD0;
    GL​¥S‘L^G?BMCVCPA”AGMLMAGAJMKCLQRPS?JDMGSKR™NGAMBCEP?LBCGLRCPCQQCNMPA?SQ?BCQS?PCJ?ŽMAMKMQBGQRžP@GMQ
    KCLQRPS?GQ.QRGNMQ@ŠQGAMQBCBGQRžP@GMQKCLQRPS?GQQŽM

    9C=5>?BB591A?P?ARCPGX?B?NMPNCP”M​BMQBMJMPMQMQAMKDMPRCQA™JGA?Q2SECPC QCOSCQCH?A?SQ?B?NCJ?JG@CP?ŽMBC
    L”TCGQK?GQ?JRMQBCNPMQR?EJ?LBGL?Q$KKSJFCPCQK?GQLMT?Q LŽMCQRŠPCJ?AGML?B?AMKBMCL​?QEP?TCQ ?NCQ?PB?Q
    DMPRCQA™JGA?Q$KKSJFCPCQK?GQTCJF?Q MSRP?QN?RMJMEG?Q AMKMKGMK?QMSCLBMKCRPGMQC NMBCKA?SQ?P?BMP
    =5>?BB591A?P?ARCPGX?B?NCJ?D?JR?BCNCP”M​BMKCLQRPS?J'ŠBMGQRGNMQBC?KCLMPPCG? ?NPGKŠPG?C?QCASLBŠPG?
     ?KCLMPPCG? NPGKŠPG?  SK? AMLBGŽM CK OSC ? KSJFCP LSLA? RCTC SK? KCLQRPS?ŽM  CLOS?LRM ? ?KCLMPPCG?
    QCASLBŠPG?  ? ?SQ‘LAG? BC NCP”M​BM KCLQRPS?J NMP NCJM KCLMQ  KCQCQ  DPCOSCLRCKCLRC BCTGBM  EP?TGBCX .SRP?Q
    A?SQ?QDMP?KPCJ?AGML?B?Q AMKM?K?KCLR?ŽM NCPB?BCNCQMCVACQQGT?A?SQ?B?NMPBMCL​? BGQRžP@GMQ?JGKCLR?PCQ
    MS CQRPCQQC . N?NCJ BM CVCPA”AGM CVACQQGTM  CK@MP? KSGR?Q TCXCQ ASJN?BM NMP CQQ? AMLBGŽM  NMBC LŽM QCP ? A?SQ?
    NPGKŠPG? ? ?KCLMPPCG? NMBC CQR?P PCJ?AGML?B? AMK MSRPMQ D?RMPCQ  AMKM BC¤AG‘L ^G? LSRPGAGML?J C BGQRžP@GMQ
    ?JGKCLR?PCQ
    #5>?BB1791A?P?ARCPGX?B?NCJMQ?LEP?KCLRMKCLQRPS?JNPMJMLE?BMCLŽM?NCL?QNCJMEP?LBCQ?LEP?KCLRMBMAGAJM
    KCLQRPS?J.Q?LEP?KCLRMKSGRMEP?LBCBSP?K?GQOSCQCRCBG?QC?NPCQCLR?EP?LBCQAMŠ​ESJMQLM¥SVMvA?SQ?B?
    ECP?JKCLRCNMP?JRCP?CQLMQCOSGJ”@PGMQFMPKML?GQMSNMPKGMK?QSRCPGLMQ,GMK?QQŽMAPCQAGKCLRMQB?N?PCBC​
    KSQASJ?PSRCPGL?CQŽMK?GQNPCT?JCLRCQCKKSJFCPCQAMKK?GQBC?LMQCKSJR”N?P?Q
    *5>Cj?@Bl=5>CDBE1<*&#RCPKMB?BM?MQQGLRMK?QOSCNMBCKMAMPPCPBC?BG?Q?LRCQB?KCLQRPS?ŽM
    OSCQŽM?JR?KCLRCT?​PGŠ​TCGQCKA?B?KSJFCP
    . BCQCLTMJTGKCLRM BC BGQRžP@GMQ BM AGAJM KCLQRPS?J DMG M R™NGAM BC KSGRMQ CQRSBMQ  NPGLAGN?JKCLRC MQ OSC QC
    PCJ?AGML?KAMK??KCLMPPCG?QCASLBŠPG?'GQRMPGA?KCLRC NCLQMS QCOSCMCVCPA”AGMCVRPCKMDMQQC?NPGLAGN?JA?SQ?BC
    BGQRžP@GMQKCLQRPS?GQ$LRPCR?LRM CQQCLŽMN?PCACQCPMA?QM1MEMJ,;(3AMLAJS”​P?KOSCYSKNPMEP?K?NPMEPCQQGTMBC
    CVCPA”AGM BC BGQR‹LAG? C GLRCLQGB?BC KMBCP?B?Q LŽM ?DCR? LCE?RGT?KCLRC M QGQRCK? PCNPMBSRGTM PM@SQRM BC KSJFCPCQ
    CSKCLMPPCGA?Q EGLCAMJMEGA?KCLRC K?BSP?Q^ $K ECP?J  QSECPC QC ?EMP? OSC CQQCQ BGQRžP@GMQ NMQQ?K QCP A?SQ?BMQ NMP
    PCBSXGB? GLECQRŽM A?J™PGA? CK TCX BC NCJM CVCPA”AGM CVRPCKM GQMJ?BM $QQCQ RGNMQ BC BGQRžP@GMQ N?PCACK CQR?P
    PCJ?AGML?BMQAMKMQCQNMPRCQOSCR‘K?JRML”TCJBCRPCGL?KCLRMBC,5+<9(5*,AMPPGB?*96::*6<5;9@ CVGE‘LAG?QBCGK?ECK
    AMPNMP?J B?L?  EGLŠQRGA?  CQNMPRCQ AMK NCQMQ MS CQNMPRCQ CK OSC M R?K?LFM AMPNMP?J QCH? TGR?J N?P? M BCQCKNCLFM
    KCPESJFM  EGLŠQRGA?  N?RGL?ŽM LM ECJM   AMLCVŽM CLRPC ?KCLMPPCG? QCASLBŠPG? C GLECQRŽM A?J™PGA? GL?BCOS?B? N?P?
    ?RGTGB?BCQ OSC BCK?LB?K EP?LBC E?QRM CLCPERGAM PCQQ?JR? ? GKNMPR‹LAG? BC SK? GLECQRŽM BGCRRGA? OSC ?AMKN?LFC ?Q
    BCK?LB?QA?J™PGA?Q PCASNC​P?ŽMCQRŠPCJ?AGML?B?AMK?KSB?L?LMAMKNMPR?KCLRM?JGKCLR?P AMKGLECQRŽMA?J™PGA?
    ?SKCLR?B? N?P? QSNPGP ?Q BCK?LB?Q CLCPERGA?Q  M OSC NMBC NPCTCLGP MS PCBSXGP ? BGQRžP@GM KCLQRPS?J QCK OS?JOSCP
    KSB?L?LMNPMEP?K?BCRPCGL?KCLRMBCCVCPA”AGMQ
    . CDCGRM BM CVCPA”AGM L? 3/,  K?GQ AMKNJCVM  HŠ OSC MQ QGLRMK?Q C ? NP™NPG? BMCL​? LŽM QŽM AMKSLQ ? RMB?Q ?Q
    KSJFCPCQ 1CQSJR?BMQ GLGAG?GQ QSECPGP?K OSC M CVCPA”AGM NMBC PCBSXGP MQ QGLRMK?Q B? 3/, NMP A?SQ? BC KSB?L?Q LMQ
    COSGJ”@PGMQ FMPKML?GQ $QQ?Q KSB?L?Q GLAJSCK AMLACLRP?ŽM BC CQRPME‘LGM  PCRGP?B? BC CLBMP¤L?Q C BGKGLSGŽM B?Q
    AMLACLRP?CQBCNPMECQRCPML?BSP?LRC?D?QCJžRC?BMAGAJMKCLQRPS?J PCJ?ŽMCLRPC3/, CQNMPRCCBCQCKNCLFMLM
    RPCGL?KCLRM LŽM DMG BC¤LGRGT?KCLRC BMASKCLR?B? NMP A?SQ? BM ?PP?LHM BC PCQNMQR?Q GL_ GqG_ S?GQ C BC GLRCP?CQ
    NQGAMJ™EGA?Q JESK?QKSJFCPCQ?APCBGR?KOSCCJ?QNMBCKRCPSKBCQCKNCLFMKCJFMPBSP?LRCCQQ?D?QC AMKGLRCLQGB?BC
    LMRPCGL?KCLRMC?EPCQQGTGB?BCK?GMPCQ CLOS?LRMMSRP?QQCQCLRCKAMKNJCR?KCLRCGLA?N?XCQNMPA?SQ?B?QA™JGA?QCB?
    BMP PCOSCPCLBMKCBGA?KCLRMQ QQGK MAMLRPMJCB?3/,CK?RJCR?Q?JR?KCLRCGL​BG​TG​BS?JGX?BM

    2E@C6D564C6D4:>6?E@D6>6=92?E6Du:?DF=:?2
    .QD?RMPCQBCAPCQAGKCLRMQCKCJF?LRCQGLQSJGL?(&% PCNPCQCLR?KSK?YQSNCPD?K”JG?^BCNCNR”BGMQ(&% (C(&% ((QŽM
    ?QNPGLAGN?GQDMPK?QBCQQCFMPKšLGM1CESJ?CQ T?PG?LRCQNPMBSXGB?QCQGQRCK?QBCQGL?JGX?ŽMQŽMAMKNJCVMQC?GLB?LŽM
    CQRŽMAMKNJCR?KCLRCCLRCLBGBMQ$JCQQŽMQCAPCR?BMQNMPKSGRMQRGNMQBGDCPCLRCQBCAJSJ?QCKJG@CP?CQCLB™APGL?Q0,
    D”E?BM N?PŠAPGL?QNCV AJSJ?Q?BGNMQ?Q C?SR™APGL?QNCV ​KžQASJMCQOSCJRGAM $KNCQOSGQ?QGLGAG?GQ MQ(&%DMP?K
    AF?K?BMQBCQMK?RMKCBGL?Q(&%AMKQS?QNPMRC”​L?QBCJGE?ŽMAMLFCAGB?QR‘K?CQ?L?@™JGA?QGKNMPR?LRCQN?P?M​
    KžQASJMCMMQQM.(&% (R?K@KSKPCESJ?BMPNMRCLRCBC?JESLQBMQCDCGRMQBM&' QNPMRC”​L?QBCJGE?ŽMBC
    (&%CSK?QS@SLG​B?BCQCLQ”TCJ?SKŠAGBM22 JŠ@GJQCJGE?K?M(&% (C?M(&% (( QNPGLAGN?GQDSLCQBCQQ?QNPMRC”​
    L?QBCJGE?ŽMQŽM?SKCLR?P?KCG? TGB?BM(&%L?AGPASJ?ŽM RP?LQNMPR?PM(&%?R?QAJSJ?Q ?JTMC?HSB?P?KMBSJ?P?Q
    ?CQ@GMJ™EGA?QBM(&%.(&% (NMBCQCPAJGT?BMCKRP‘QT?PG?LRCQBC:730*05.(&% ($? (&% ($@C(&% ($A.(&%
    ($A  R?K@K AMLFCAGBM AMKM D?RMP BC APCQAGKCLRM KCA‹LGAM   JG@CP?BM NCJM ​KžQASJM AMKM PCQSJR?BM BM CQRPCQQC
    KCA‹LGAM BM CVCPA”AGM  AMK ? ?RGT?ŽM B?Q SLGB?BCQ KMRMP?Q N?P? ? AMLRP?ŽM ​KSQASJ?P $JC CLRŽM ?EC BC K?LCGP?
    ?SR™APGL?N?P?CQRGKSJ?PMPCN?PMCMSMAPCQAGKCLRMB?¤@P?h SQASJ?P
    .(&% ((SKNCNR”BGMLCSRPMAMK?KGLMŠ​AGBMQCNCQMKMJCASJ?PBC I#?$JCSKNPMBSRMBCSKžLGAMECLC
    OSC RCK  VMLQ AMK OS?RPM PC​EGCQ NPMKMRMP?Q BGDCPCLRCQ v AMBG¤A?BM NCJMQ VMLQ    C  5?JC PCQQ?JR?P OSC  ?M
    AMLRPŠPGMBM(&% ( QSECPC QCOSCM(&% ((QCH?GLBCNCLBCLRCBMAMLRPMJCBM&'%GESP? 
    86DA0   % 7>A<|=8> 3> 2A4B28<4=C> ?>34 4BC8<D;0A 0 ;814A0sr> 34  ?4;> 5w603> , &$# & =CL=OF; J?FI
    M;HAO? ;MMI=C;>I ‰M JLIN?​H;M >? FCA;‹ŠI >? &$#
     =LC;H>I OG =IGJF?RI N?LH†LCI =IGJIMNI JIL &$#
     JLIN?​H; >?
    FCA;‹ŠI>I&$#&$#-?00 ,&$# &J?H?NL;HIM=;JCF;L?M?M?GIP?J;L;I?MJ;‹ICHN?LMNC=C;F;VG>?M?FCA;L
    HIML?=?JNIL?M>?&$#
    IKO?CHC=C;IJLI=?MMI>?MCH;FCT;‹ŠI  ILN?MC;>I!L L;>F?S +CH>F
    *CFCN;LS-?L@ILG;H=?
    !CPCMCIH
    20LGS/?M?;L=B&HMNCNON?I@"HPCLIHG?HN;F*?>C=CH?
    +;NC=E
    * 

    GLB?  LCACQQŠPGM OSC K?GQ NCQOSGQ?Q QCH?K PC?​JG​X?B?Q QM@PC M QGQRCK? (&%  HŠ OSC CJC ?GLB?  NMSAM CLRCLBGBM NMP
    A?SQ? B? QS? AMKNJCVGB?BC .Q (&% QŽM CQNCAG?JKCLRC GKNMPR?LRCQ N?P? ? ¤QGMJMEG? BM CVCPA”AGM NMP A?SQ? BM QCS
    CLTMJTGKCLRM L?Q ?B?NR?CQ ?M RPCGL?KCLRM BC CVCPA”AGMQ CK PCJ?ŽM ?M PCN?PM C ?M PCKMBCJ?KCLRM BM MQQM C BM ​
    KžQASJMCQOSCJRGAM

    ,0$,52$4$$5b06(5(2416(,&$
    4KQGQRCK?BCQGL?JGX?ŽMLCACQQŠPGMN?P?RP?BSXGP?KCLQ?ECKFMPKML?JAMLRGB?LM(&% (N?P?M#- LMLžAJCMB?
    AJSJ?$KECP?J MCVCPA”AGMNMBCCQRGKSJ?PMQKCA?LGQKMQBCQGL?JGX?ŽMBC(&% ( %GESP?BCKMLQRP?SK?TG?BC
    QGL?JGX?ŽMAMKSK L?OS?JM(&% (GLRCP?ECAMKMPCACNRMPN?P?CQRGKSJ?P?TG?BCQGL?JGX?ŽMBCK3.1N?P??SKCLR?P
    ? K?OSGL?PG? ECLRGA? OSC CQRGKSJ? ? Q”LRCQC NPMRCGA? IR @JMOSCG? %.7. ?Q NPMRC”​L?Q %.7. QŽM SK QS@EPSNM B?
    D?K”JG?BCD?RMPCQBCRP?LQAPGŽMBCDMPOSGJF?.QKCK@PMQB?AJ?QQCY.^AMKN?PRGJF?K?A?P?ARCP”QRGA?BCQCPCKPCESJ?BMQ
    NCJ? TG? BC QGL?JGX?ŽM GLQSJGL?/(* IR  N?P? BGKGLSGP OS?JOSCP BCEP?B?ŽM NPMRCGA?  BGQNMLG@GJGB?BC ?BCOS?B? BC
    (&%TGR?JN?P?CQQCNPMACQQM!MVC 

    86DA0   ,80 34 B8=0;8H0sr> 2><D< 3>   PC; >? MCH;FCT;‹ŠI >? &$# & L?MOFN; ?G ;OG?HNI >; MHN?M?
    JLIN?C=;?>CGCHOC‹ŠI>;>?AL;>;‹ŠI>?JLIN?​H;M &$# &
    @;NIL>?=L?M=CG?HNIM?G?FB;HN?‰CHMOFCH;&$%
    BILG–HCI
    >I =L?M=CG?HNI "
     ;GCHI†​=C>IM ?MM?H=C;CM %,
     =;L<IC>L;NIM -& (
     @IM@;NC>CFCHIMCNIF  @IM@;NI *-(

    JLIN?CHIKOCH;M?;NCP;>;JILGIHI@IM@;NI>?;>?HIMCH;EN
    @;GFC;>?JLIN?​H;M?LCH; NL?IHCHIKOCH;M??HPIFPC>;
    ?GPC;M>?MI<L?PCPH=C;=?FOF;LJ?F;CHC<C‹ŠI>IMJLI=?MMIM;JIJN•NC=IMG1,/
    ;FPI>?L;J;GC=CH;?GG;G@?LI
    -
    †=C>I@IM@;N>C=I$0( 
    KOCH;M?AFC=IAHCIMCHN;M?#,5,
    JLIN?​H;M#,5MŠIOG;@;GFC;>?@;NIL?M>?
    NL;HM=LC‹ŠI?&#
    @;NIL>?CHC=C;‹ŠI?O=;LC•​NC=I-0(
    M?LCH; NL?IHCHIKOCH;M?=ODI;FPIŒ;JLIN?​H;LC<IMM–GC=;
    0" -
    JLIN?​H;>?FCA;‹ŠI;I@;NIL>?CHC=C;‹ŠI>?NL;HM>O‹ŠI"

    (52156$5($'$26$_g(5$1(9(4&b&,1
    s KCBGB? OSC ? @M? DMPK? ?SKCLR? CK SK? NCQQM?  ?Q AMLACLRP?CQ BC (&% ( LM PCNMSQM ?SKCLR?K SKCLRMQ
    ?ESBMQAMKMCQRPCQQCBMCVCPA”AGMQŽM LMT?KCLRC SK?DSLŽMB?GLRCLQGB?BCCBMTMJSKCBMQCVCPA”AGMQ @M?DMPK?C
    GLECQRŽMBCA?P@MGBP?RMNPMRC”​L?    -MR? QCOSCSKL”TCJK?GMPBC@M?DMPK?CGLECQRŽMK?GMPBCA?P@MGBP?RMQC
    NPMRC”​L?QCQRŽM?QQMAG?BMQ?AMLACLRP?CQBCPCNMSQMK?GQ?JR?QBC(&% ($QRSBMQKMQRP?P?KCQQCQ?SKCLRMQBMQL”TCGQ
    BC (&% ( AMK RPCGL?KCLRM CK FMKCLQ C KSJFCPCQ  . GKN?ARM BM CVCPA”AGM L?Q AMLACLRP?CQ AGPASJ?LRCQ BC (&%
    NMBC QCP T?​PGŠ​TCJ  K?Q N?PCAC OSC M CQR”KSJM B?Q AMLACLRP?CQ ​KSQASJ?​PCQ BC (&% QŽM K?GQ AMLTGLACLRCQ NMP A?SQ? B?
    QGL?JGX?ŽMKCA‹LGA?B?AMLRP?ŽM​KSQASJ?P!MVC 
    @C>€?:@DDFAC2CC6?2:D
    EJ‹LBSJ?QSNP?PPCL?JDMGAF?K?B?BC?EJ‹LBSJ?B?YJSR?MSDSE?^ BCQRGL?B???HSB?PL?PCQNMQR??MCQRPCQQC+MA?JGX?B?
    ?AGK?BMQPGLQ QS?QQCAPCCQFMPKML?GQGL¥SCLAG?KR?LRMMBCQCKNCLFMBC?JRML”TCJOS?LRM?PCASNC m?ŽMBMCQRPCQQC
    BMCVCPA”AGM EJ‹LBSJ?QSNP?PPCL?JRCKBS?QN?PRCQDSLAGML?GQ MA™PRCVB?EJ‹LBSJ?QSNP?PPCL?JC?KCBSJ?B?EJ‹LBSJ?
    QSNP?PPCL?J  A?B? SK? AMK SK AMLHSLRM BGDCPCLRC BC FMPKšLGMQ OSC QŽM JG@CP?BMQ QM@ CQR”KSJM . QGQRCK? LCPTMQM
    CQRGKSJ? ? KCBSJ? B? EJ‹LBSJ? QSNP?PPCL?J N?P? SK? PCQNMQR? PŠNGB?  CLOS?LRM MQ FMPKšLGMQ CQRGKSJ?R™PGMQ NMBCK
    NPMKMTCP?JG@CP?ŽMBMQFMPKšLGMQBMA™PRCVB?EJ‹LBSJ?QSNP?PPCL?J%GESP? 

    ('7.$'$*.]0'7.$5724$44(0$.
    .CQR”KSJMC?JG@CP?ŽMBCA?RCAMJ?KGL?QNCJ?KCBSJ?QSNP?PPCL?JAMLQRGRSGSK?PCQNMQR??BPCLPEGA?BMAMPNMPCQCPT?B?
    ECP?JKCLRCN?P??PCQNMQR?GKCBG?R??MCQRPCQQC GLAJSGLBMMCVCPA”AGM$QQ?PCQNMQR??DCR?RMBMQMQRCAGBMQLMAMPNMOSC
    RCLF?KPCACNRMPCQ?BPCLPEGAMQ$J??SKCLR??OSC@P?BCEJGAME‘LGMCKEJGAMQCLMD”E?BMC?JG@CP?ŽMBCŠAGBMQEP?VMQ
    NCJMRCAGBM?BGNMQMNPMKMTC?T?QMBGJ?R?ŽMB?QNCOSCL?Q?PRPG?QBCLRPMBM​KžQASJMC?SKCLR??NPCQQŽM?PRCPG?JCM
    B@GRMA?PB”?​AM
    KCBSJ?B?EJ‹LBSJ?QSNP?PPCL?J OSCACPA?B?NCJMA™PRCVB?EJ‹LBSJ?QSNP?PPCL?J AMKNCACPA?BCB?K?QQ?
    QSNP?PPCL?J C QCAPCR? A?RCAMJ?KGL?Q %GESP?    ?BPCL?JGL? R?K@K AF?K?B? BC CNGLCDPGL?  AMKNC ACPA? BC 
    B?QA?RCAMJ?KGL?QRMR?GQL?KCBSJ?B?EJ‹LBSJ?QSNP?PPCL?J AMK?LMP?BPCL?JGL?C?BMN?KGL?DMPK?LBMMPCQR?LRC Q
    A?RCAMJ?KGL?QQŽMQGLRCRGX?B?QNCJMQEP‹LSJMQQSNP?PPCL?GQAPMK?¤LQ OSCQŽMKSGRMNMPMQMQ NCPKGRGLBMMKMTGKCLRMBC
    KMJASJ?QN?P?BCLRPMCN?P?DMP?BMQEP‹LSJMQN?P??QPC?CQ@GMQQGLRRGA?Q%GESP?  LMP?BPCL?JGL?C?BMN?KGL?
    BCQCKNCLF?KN?NG​QAMKMLCSPMRP?LQKGQQMPCQCKLCSPšLGMQCQNCA”¤AMQBMQGQRCK?LCPTMQM JG@CP?ŽMFMPKML?JNCJ?
    KCBSJ?B?EJ‹LBSJ?QSNP?PPCL?JA?SQ?B?NMPCQRGKSJ?ŽMNCJMQGQRCK?LCPTMQMQGKNŠRGAMLCPTMCQNJ‹LALGAM  JKB?Q
    A?RCAMJ?KGL?Q  SK? B?Q MSRP?Q D?K”JG?Q BC NCNR”BGMQ MNGMGBCQ  MQ NCNR”BGMQ MNGMGBCQ NPMCLACD?JGL?Q  R?K@K QŽM
    QGLRCRGX?BMQ C JG@CP?BMQ NCJ? KCBSJ? B? EJ‹LBSJ? QSNP?PPCL?J $QQCQ NCNR”BGMQ MNGMGBCQ NMBCK BCQCKNCLF?P N?NG​Q
    GKNMPR?LRCQL?PCASNC​P?ŽMGKSLMJ™EGA?

    &0?t8​B=0?A4?0A0sr>?0A0>4G4A2w28>4=0?A>3Dsr>345>As0
    QA?RCAMJ?KGL?QNPGLAGN?JKCLRC??BPCL?JGL?C?LMP?BPCL?JGL? QŽMN?PRCB?PCQNMQR??BPCLPEGA??MCQRPCQQC GLAJSGLBMM
    CVCPA”AGM CNMBCKQCPM@QCPT?BMQ?SKCLRMQLMQ?LESCQCESLBMQ?N™QSKCQRPCQQMPQGELG¤A?RGTMNCV QSQRM CVCPA”AGMBC
    ?JR?GLRCLQGB?BC vGLRCPCQQ?LRCPCQQ?JR?POSC?SKCLRMQBC?BPCL?JGL?NMBCKQCPTGQRMQ?RF K?QECP?JKCLRCKGL
    ?LRCQ BM CVCPA”AGM  NCPKGRGLBM M NPCN?PM ¤QGMJ™EGAM N?P? ? ?RGTGB?BC  %MG KMQRP?BM PCACLRCKCLRC OSC ? ?BPCL?JGL?
    NMBC QCP GKNMPR?LRC N?P? ? NPMBSŽM BC DMP? 2S? JGE?ŽM ?MQ PCACNRMPCQ b ?BPCLPEGAMQ CLAMLRP?BMQ LM PCR”ASJM
    Q?PAMNJ?QKŠRGAM NPMKMTC ? JG@CP?ŽM K?GQ PŠNGB? BC "?  M OSC JCT?  GLRCP?ŽM K?GQ PŠNGB? AMK ?Q KMJASJ?Q BC
    RPMNMLGL?$QQ?GLRCP?ŽMK?GQPŠNGB?JCT?BGQNMLG@GJGB?BCK?GQPŠNGB?BMQQ”RGMQ?RGTMQB??ARGL? MOSC NMPQS?TCX JCT?
    AMLRP?ŽMK?GQPŠNGB?BMQ?PAšKCPM QQGK ?AMLRP?ŽM​KSQASJ?P?SKCLR?B?NCJ?JG@CP?ŽMBC?BPCL?JGL?

    ,4& 
     ;
    1;1747/1)-6,l+:16) +757=5*175):+),7:+)6,1,)<79=-
    5-,-1)7;);8-+<7;*-6et+7;,))<1>1,),-.h;1+)
    B14<5I $9>4<&8)#
    ,9-694(5*,/@:0636.@!,(4,:,(9*/09,*;69
    030;(9@,9-694(5*,0=0:065
    " 94@,:,(9*/5:;0;<;,6-5=09654,5;(3,+0*05,
    (;0*2
    +1<5*;::6*0(;,96-,::69
    ,7(9;4,5;6-05,:0636.@
    "50=,9:0;@6-655,*;0*<;
    ;699:!
    +1<5*;::6*0(;,96-,::69
    7905.s,3+633,.,
    7905.s,3+

    .QGQRCK?CLB™APGLMDSLAGML?AMKMSK?DMLRCNPGLAGN?JBCAMKSLGA?ŽM@GMJ™EGA?CKOSCMQFMPKšLGMQ?ECKN?P?
    K?LRCP?FMKCMQR?QG? KCBG?LBMCAMMPBCL?LBMKSGRMQBMQQGQRCK?Q¤QGMJ™EGAMQAMPNMP?GQ JGRCP?RSP?¤QGMJ™EGA?
    CLB™APGL?AJŠQQGA??¤PK?OSCSKFMPKšLGMJG@CP?BMNMPSK?EJ‹LBSJ?N?P??AGPASJ?ŽMQGQR‘KGA?CTG?H??RSK?
    AJSJ?™PEŽMBGQR?LRCN?P?CDCRS?PSK?PCQNMQR?0, ?ŽMCLB™APGL? $LRPCR?LRM EP?LBCQ?T?LMQB?NCQOSGQ?QM@PC
    ? ¤QGMJMEG? CLB™APGL? LMQ žJRGKMQ  ?  ?LMQ R?K@K PCTCJ?P?K OSC KSGRMQ FMPKšLGMQ NMBCK ?EGP BC MSRP?Q
    K?LCGP?Q/MPCVCKNJM MQFMPKšLGMQNMBCKQCPJG@CP?BMQNMPSK?AJSJ?N?P??EGPCKSK?AJSJ??BH?ACLRC0,
    ?ŽMN?PŠAPGL? JG@CP?BMQNMPSK?AJSJ?N?P??EGPL?KCQK?AJSJ?0, ?ŽM?SR™APGL? MSNPMBSXGBMQNMPSK?
    AJSJ? LSLA?Q?GPB?AJSJ?C?EGPL?NP™NPG?AJSJ?OSCNPMBSXGSMQFMPKšLGMQ0, PCACLRCKCLRCAF?K?B?BC?ŽM
    GLRPŠAPGL?  JKB?QEJ‹LBSJ?QCLB™APGL?QAJŠQQGA?Q AMKM?FGN™¤QC ?EJ‹LBSJ?QSNP?PPCL?J ?EJ‹LBSJ?RGPCMGBC M
    N‹L​APC?Q  MQ RCQR”ASJMQ C MQ MTŠPGMQ  ?Q NCQOSGQ?Q KMQRP?P?K OSC ​KžQASJM  MQQMQ  AMP?ŽM C AJSJ?QRCAGBMQ GKSLCQ
    R?K@KNMBCKJG@CP?PFMPKšLGMQOSC?ECKBCQQ?QBGDCPCLRCQK?LCGP?Q4KFMPKšLGMOSCNMBC?EGPBCK?LCGP?Q
    CLB™APGL?  N?PŠAPGL?  ?SR™APGL? C GLRPŠAPGL?  C  NPMBSXGBM NMP KSGRMQ RGNMQ ACJSJ?PCQ   M -(;69 +, *9,:*04,5;6
    :,4,3/(5;,a05:<305( 
    (&% (  SK NCOSCLM FMPKšLGM NCNR”BGAM   I#?  OSC  NPMBSXGBM NPGLAGN?JKCLRC NCJM D”E?BM C CQRŠ QM@
    PCESJ?ŽMBGPCR?BMFMPKšLGMBMAPCQAGKCLRM.(&% (RCKKSGR?QNPMNPGCB?BCQBGDCPCLRCQ?L?@™JGA?Q KCR?@™JGA?Q
    CKGRME‘LGA?Q QNPMNPGCB?BCQ?L?@™JGA?QBM(&% (GLAJSCKQS?A?N?AGB?BCBCD?AGJGR?PMAPCQAGKCLRM​KSQASJ?PC
    ™QQCM Q NPMNPGCB?BCQ KCR?@™JGA?Q BM (&% ( GLAJSCK QS? A?N?AGB?BC BC PCESJ?P ?K@MQ MQ KCR?@MJGQKMQ  BMQ
    A?P@MGBP?RMQCB?QNPMRC”​L?Q QNPMNPGCB?BCQKGRME‘LGA?QBM(&% (GLAJSCKQS?A?N?AGB?BCBC?EGPR?LRMAMKMSK
    D?RMPBCGLGAG?ŽMOS?LRMSKD?RMPBCNPMEPCQQŽMBSP?LRCMAGAJMACJSJ?P
    .(&% (SKBMQFMPKšLGMQK?GQGKNMPR?LRCQCAMKNJCVMQN?P?QCCQRSB?P APCBGR? QCOSCCJCQCH?AP”RGAML?
    KCBG?ŽMBCKSGRMQBMQ?QNCARMQ@CL¤AMQB??RGTGB?BCD”QGA? AMKNJCVGB?BCPCESJ?R™PG?BM(&% (EP?LBC HŠOSC
    SK?D?K”JG?BCNPMRC”​L?QBCJGE?ŽM/+ QCPTCR?LRMN?P?CQRGKSJ?POS?LRMN?P?GLG@GP??ŽMBM(&% (,CLMQBC
     BM (&% ( AGPASJ? L? DMPK? JGTPC 0 ,  LŽM JGE?BM  !M? N?PRC    BM (&% ( AGPASJ? L? DMPK? RCPAGŠ​PG?
    AMKNMQR?BM(&% ( (&%!/ (((C?QS@SLG​B?BCQCLQ”TCJ?MŠAGBM22 $QQ?DMPK?@CKEP?LBCI#? RCK
    KCG? TGB? JMLE? ACPA? BC  ?  F  C CQRŠ ?KNJ?KCLRC AML¤L?B?  AGPASJ?ŽM QGQR‘KGA? "CPA? BC  ?  BM
    (&% (AGPASJ?KL?DMPK?@GLŠPG? OSCAMLQGQRCLM(&% (CSK?B?QQCGQNPMRC”​L?QBCJGE?ŽM NCL?Q?QDMPK?QJGTPCC
    @GLŠPG?BM(&% (QŽMAF?K?B?QBC@GMBGQNML”TCGQCQŽMA?N?XCQBCCQA?N?PB?AGPASJ?ŽMCRP?DCE?PN?P?MQPCACNRMPCQ
    ACJSJ?PCQ K@?Q?QNPMRC?QCQQGQR‘KGA?CJMA?JR?K@KQCPTCKN?P?BGQQMAG?PM(&% (BCQS?D?K”JG?BCNPMRC”​L?QBC
    JGE?ŽMC?HSB?PM(&% (?QCRMPL?P@GM?RGTM)ŠOSCM(&% (SKFMPKšLGMNPMRCGAM QCSPCACNRMPACJSJ?PCQRŠL?
    KCK@P?L? NJ?QKŠRGA? C RCK BMK”LGMQ CVRP?ACJSJ?P  RP?LQKCK@P?L? C GLRP?ACJSJ?P #CNMGQ OSC M (&% ( GLGAG? ?
    RP?LQBSŽM BC QGL?J AMK QCSQ PCACNRMPCQ  SK? A?QA?R? BC CTCLRMQ ACJSJ?PCQ  GLAJSGLBM KžJRGNJMQ CTCLRMQ BC
    DMQDMPGJ?ŽMKCBG?BMQNMPOSGL?QCQ PCQSJR?L?QPCQNMQR?QACJSJ?PCQ
    vGKNMPR?LRCBCQR?A?POSCM(&% (RCKQGBM?QQMAG?BM?Q?ž​BCC@M?DMPK?™RGK?Q$KECP?J RCKQGBMQSECPGBM
    OSC M (&% ( QCH? PCESJ?BM NMQGRGT?KCLRC AMK CVCPA”AGM  CK@MP? CVGQR?K BGTCPQMQ N?P?BMVMQ  ?B?NR?ŽM BM ​
    KžQASJM CQOSCJRGAM GLBSXGB? NMP ?RGTGB?BC  AMLQGBCP?B? PCESJ?B?  CK N?PRC  NCJMQ CDCGRMQ KGRME‘LGAMQ C
    KGME‘LGAMQBM(&% ( AMKMCTGBCLAG?BMNCJ?QAMPPCJ?CQNMQGRGT?QCLRPCMQL”TCGQ@?Q?GQAGPASJ?LRCQBC(&% (CMQ
    ”LBGACQ BC @M? DMPK? C BC K?QQ? AMPNMP?J K?EP? . CVCPA”AGM NPMBSX KSB?L? LM (&% (  NMPK MQ N?NG​Q
    PCESJ?R™PGMQ B? PCQNMQR? BC (&% ( ?M CVCPA”AGM LŽM DMP?K AJ?P?KCLRC BC¤LGBMQ 4K? P?XŽM N?P? GQQM  OSC ?Q
    KSB?L?Q OS?LRGR?RGT?Q LM (&% ( AGPASJ?LRC  M@QCPT?B?Q CK PCQNMQR? Q GLRCPTCLCQ BC CVCPA”AGM ?ESBM  T?PG?K
    CLRPC MQ BGDCPCLRCQ CQRSBMQ AMK BCQAPGCQ BC ?SKCLRMQ  BGKGLSGCQ MS QCK ?JRCP?CQ . CQRSBM BM (&% (
    AGPASJ?LRC?GLB?GKNMPR?LRCNMPA?SQ?BCQS?SRGJGB?BCAMKMSK@GMK?PA?BMP PC¥CRGLBMM:;(;<:BCQ?ž​BCCBC@M?
    DMPK? ?NCQ?PBMD?RMBCOSC?PCJ?ŽMCLRPCM(&% (QGQR‘KGAMCMJMA?JNCPK?LCACM@QASP? JKBGQQM CVACRMLM
    A‹LACP  M L”TCJ @?GVM BC (&% ( LMPK?JKCLRC NPCBGX SK PCQSJR?BM LCE?RGTM N?P? ? Q?ž​BC 2ŽM LCACQQŠPG?Q K?GQ
    NCQOSGQ?QN?P?BCQAM@PGPMQKCA?LGQKMQNMPRPŠQB?QKSB?L?QM@QCPT?B?QLM(&% (AGPASJ?LRCCQS?PCJ?ŽMAMK?Q
    KSB?L?QJMA?GQCKL”TCJACJSJ?PRC​AG​BS?J

    =C4A0s~4B2><>B?4?Cw38>B>?8>834B
    $K BCQAM@PGS QCOSC?JG@CP?ŽMBC?BPCL?JGL?AMGLAGBCAMK?JG@CP?ŽMBMQNCR”BGMQMNGMGBCQNPMCLACD?JGL?QNCV
    NCNR”BGM % AMKM SK K?PA?BMP BMQ DP?EKCLRMQ  %GESP?   'MKCLQ LŽM RPCGL?BMQ KMQRP?P?K ?SKCLRMQ K?GQ
    NPMLSLAG?BMQ LMQ L”TCGQ BM NCNR”BGM NPMCLACD?JGL? % C L? ?BPCL?JGL? AMK CVCPA”AGMQ BC GLRCLQGB?BC K?GMP #? KCQK?
    K?LCGP? AMPPCBMPCQBCBGQR‹LAG?QKBG?Q?JR?KCLRCRPCGL?BMQKMQRP?P?KK?GMPCQAMLACLRP?CQBSP?LRCMPCNMSQMOS?QC
     TCXCQ K?GQ ?JR?Q  C CK GLRCLQGB?BCQ KCLMPCQ  NMPK M NCNR”BGM % DMG PCBSXGBM CK GLRCLQGB?BCQ BC CVCPA”AGMQ K?GMPCQ
    NCPKGRGLBMOSCAMLACLRP?CQQGELG¤A?RGT?KCLRCK?GQ?JR?QBC?BPCL?JGL?DMQQCKJG@CP?B?QLMCVCPA”AGMKŠVGKM K@MQ
    MQEPSNMQBCKMLQRP?P?KAMLACLRP?CQBCNCNR”BGM%K?GQ?JR?QBSP?LRC?PCASNC​P?ŽM MOSCR?K@KQSECPCSKN?NCJ
    N?P?CQQCQNCNR”BGMQMNGMGBCQL?QPCQNMQR?QBCPCASNC​P?ŽM
    ,4&   ;
    :-;+15-6<7-,-;-6>74>15-6<7
    <1> (?7?<#&8
    96-,::696-3050*(3,+0(;90*:
    "50=,9:0;@6-#09.050(
    9,:0+,5;65:<3;05.
    /(936;;,:=033,#

    .APCQAGKCLRMCMBCQCLTMJTGKCLRMBM?BMJCQACLRCBCLRPMBCSK??KNJ?D?GV?BMLMPK?JQŽMMQKCJFMPCQQGL?GQBC
    OSC SK QCP FSK?LM CQRŠ Q?SBŠTCJ v GKNCP?RGTM AML​RG​LS?P ? APCQACP AMKM SK? APG?L? NMPOSC YNCPK?LCACP M
    KCQKM^ CK@MP?D?LRŠQRGAMN?P?M?BSJRM PC?JKCLRCY¤A?PN?P?RPŠQ^N?P?SK?APG?L?
    . APCQAGKCLRM C M BCQCLTMJTGKCLRM QCVS?J MAMPPCK QCESGLBM RP?MQ ECLRGAMQ  K?Q QŽM KMBG¤A?BMQ NCJMQ
    FMPKšLGMQ C NCJM ?K@GCLRC . NJ?LM ECLRGAM  K?GQ BM OSC ?NCL?Q ? QMK? BC ?JESLQ ECLCQ CJC PCNPCQCLR? ?
    GLRCP?ŽMBCSK?EP?LBCOS?LRGB?BCBCECLCQKMBG¤A?BMQNCJM?K@GCLRCZFMPKšLGMQCLSRPGŽM
    N™QML?QAGKCLRM MQQGQRCK?QFMPKML?GQK?GQGKNMPR?LRCQN?P?MAPCQAGKCLRMQŽMMQCGVMQFGNMRŠJ?KM FGN™¤QC
    RGPCMGBCC&'(&% (.MCGVM?DCR??R?V?BCKCR?@MJGQKMBCOS?QCRMB?Q?QAJSJ?Q-?QS??SQ‘LAG? NP?RGA?KCLRC
    LŽM MAMPPC APCQAGKCLRM  C ? APG?L? RCK QGL?GQ C QGLRMK?Q BC FGNMRGPCMGBGQKM Z APCQAGKCLRM JGLC?P JCLRM
    KCR?@MJGQKMJCLRMC LMQNPGKCGPMQ?LMQBCTGB? BGKGLSGŽMB?DSLŽMGLRCJCARS?J
    . CGVM &'(&% (  AP”RGAM N?P? ?JA?L?P M NMRCLAG?J ECLRGAM CK RCPKMQ B? ?JRSP? BM ?BSJRM . FGNMRŠJ?KM
    NPMBSX BMGQ FMPKšLGMQ OSC ?DCR?K ? JG@CP?ŽM BC &' NCJ? FGN™¤QC M FMPKšLGM JG@CP?BMP BC &' &'1'  C ?
    QMK?RMQR?RGL?.NPGKCGPMSKQGL?JN?P??JG@CP?ŽMBM&'CMžJRGKMSKQGL?JGLG@GR™PGM JG@CP?ŽMBC&'
    NSJQŠRGJ C GLRCPKGRCLRC M N?BPŽM ¤QGMJ™EGAM ?BCOS?BM  QC BCTC CLRŽM  YQMK?^ BMQ PGRKMQ BC &'1' C
    QMK?RMQR?RGL?
    .&'RCKNMSAMQCDCGRMQLMAPCQAGKCLRM7,9:, K?Q?ECLMD”E?BMN?P?NPMKMTCP?AGPASJ?ŽMBC(&% (CCK
    OS?QCRMBMQMQMSRPMQ™PEŽMQN?P?NPMBSXGP(&% (JMA?JKCLRC MLBCCJCNMBC?EGPCK(3;(*65*,5;9(cb6CKSKQ”RGM
    @?QR?LRC PCQRPGRM AMKM L?Q CVRPCKGB?BCQ ​™QQC?Q CN”¤QCQ  N?P? NPMKMTCP M APCQAGKCLRM JGLC?P . &' RCK ?JESLQ
    CDCGRMQNP™NPGMQ NMPCVCKNJM ?JGN™JGQCZCAMLQCOSCLRCKCLRCQCSQCDCGRMQLMAMPNMGLRCGPMZ R?LRMCKRCPKMQB?
    AMKNMQGŽMAMPNMP?JRCAGBMQ​KSQASJ?P ™QQCMC?BGNMQM OS?LRMB?BGQRPG@SGŽMPCEGML?JB?EMPBSP?AMPNMP?J QCLBM
    ?QQGKGKNMPR?LRCN?P??NPCTCLŽMBCBMCL​?QA?PBGMT?QASJ?PCQ
    . AMPNM SRGJGX? KSGRMQ RPSOSCQ N?P? AMLQCESGP M KŠVGKM BC NPMBSŽM FMPKML?J . &'1' C ? QMK?RMQR?RGL?
    CQRŽMCKAMLACLRP?CQPCJ?RGT?KCLRC?JR?Q K?QCKSK?AGPASJ?ŽM@?QR?LRCJGKGR?B?MQGQRCK?NMPR? FGNMR?J‹KGAM
    FGNM¤QŠPGM 2S?Q KCG?Q TGB?Q QŽM @?QR?LRC ASPR?Q N?P? SK PŠNGBM QGL?J YJGE?BM^  K?Q R?K@K SK PŠNGBM QGL?J
    YBCQJGE?BM^GKNMPR?LRCN?P?NCPKGRGP?JRCP?CQL?QCAPCŽMBC&'KMKCLRM?KMKCLRMNSJQŠRGJ .(&% (SK
    NMRCLRC NCNR”BGM QCKCJF?LRC  GLQSJGL? $JC NMBCPG? A?SQ?P FGNMEJGACKG? EP?TC QC AGPASJ?QQC CK QS? DMPK?
    @GMJMEGA?KCLRC ?RGT? YJGTPC^ $QQ? ?RGTGB?BC @GMJ™EGA? NMRCLAG?J  ?RCLS?B? NMP BGTCPQ?Q EP?LBCQ NPMRC”​L?Q
    A?PPC?BMP?Q  OSC NCPKGRCK OSC CQQC NMRCLRC FMPKšLGM NCNR”BGAM QCH? A?PPC?BM NCJ? AGPASJ?ŽM L? QS? DMPK?
    @GMJ™EGA?GL?RGT?YJGE?B?^?RQCSQ”RGMBC?ŽM+Š CJCNMBCQCPBCQJGE?BMB?NPMRC”​L?RP?LQNMPR?BMP?N?P??EGPCK
    SK Q”RGM YQ?LRSŠ​PGM^  MLBC CJC BCQCKNCLF?PŠ QS? ?ŽM @GMJ™EGA? ?NPMNPG?B?  K?Q LŽM RCPŠ M CDCGRM AMPNMP?J
    QGQR‘KGAM B?FGNMEJGACKG?
    -? NS@CPB?BC  NCJM KCLMQ BS?Q AMGQ?Q ?AMLRCACK M ?BMJCQACLRC QMDPC SK APCQAGKCLRM ?@PSNRM C AMKC? C
    AMKNJCR? QCSBCQCLTMJTGKCLRMQCVS?J.CGVMFGNMRŠJ?KM FGN™¤QC EML?B?JMTŠPGMQN?P??KSJFCPCRCQR”ASJMQN?P?
    MFMKCK CLRPCR?LRM BCQCLTMJTC QCK?GQACBM+MEM?N™QML?QAGKCLRM QM@PCRSBMLMQKCLGLMQ CQQCCGVMHŠCQRŠ
    DSLAGML?LBMNP?RGA?KCLRCLMQCSL”TCJ?BSJRM.QKCLGLMQR‘K BCD?RM SK?YKGLGNS@CPB?BC^LMQNPGKCGPMQKCQCQ
    BCTGB?$QQCCGVMCLRŽMN?P?BCDSLAGML?PCQMKCLRCTMJR??BCQNCPR?PLMRCKNM?NPMNPG?BMN?P?MBCQCLTMJTGKCLRM
    B?NS@CPB?BC(QQMAF?K?BMBCFG?RMNP NS@CPRŠPGM CBSP?BC??LMQ#SP?LRCCQQCNCP”M​BM MQRCQR”ASJMQC
    MQMTŠPGMQNPMBSXCKOS?LRGB?BCQKSGRMNCOSCL?QBMQQCSQFMPKšLGMQQCVS?GQ?NPMNPG?BMQ CQRP?BGMJN?P?KCLGL?QC
    RCQRMQRCPML?N?P?KCLGLMQ$QQ?QOS?LRGB?BCQNCOSCL?QBCFMPKšLGMQCNP?RGA?KCLRCLŽMKCLQSPŠTCGQNMPCLQ?GMQ
    BC PMRGL?  QŽM A?N?XCQ BC NPCTCLGP ? QCAPCŽM NCJM FGNMRŠJ?KM BC FMPKšLGM JG@CP?BMP BC EML?BMRPM¤L? &L1'
    FMPKšLGM JSRCGLGX?LRC :+'< N?P? MQ CQRCPMGBCQ QCVS?GQ C FMPKšLGM DMJGASJMCQRGKSJ?LRC :%2'< N?P? M ™TSJM C ?
    CQNCPK?RME‘LCQC  QQGK MQGQRCK?K?LRGBMLMCQR?BMNP NS@CP?JNP PCNPMBSRGTM 
    $LRŽM  L? NS@CPB?BC  ? NCOSCL?  NMPK PC?J QCAPCŽM BC RCQRMQRCPML? C CQRP?BGMJ HŠ LŽM  A?N?X BC GLG@GP ?
    JG@CP?ŽMBC&L1' JKBGQQM MQRCQR”ASJMQCMQMTŠPGMQQŽMA?N?XCQBCPCQNMLBCP?MQL”TCGQAPCQACLRCQBC+'CBC
    %2'N?P?NCPKGRGPOSCMNPMACQQMBCNS@CPB?BCMAMPP?COSCMNCPCLMCQR?BM?BSJRMPCNPMBSRGTM 
    .SRPMDCLšKCLMGLRCPCQQ?LRCOSCMAMPPCAMKMQGQRCK?CLB™APGLMOSCMQL”TCGQAPCQACLRCQBCRCQRMQRCPML?CBC
    CQRP?BGMJPCESJ?KNMQGRGT?KCLRCMFGNMRŠJ?KMC?FGN™¤QCBCK?LCGP?RP?LQGCLRCN?P?NPMBSXGPK?GQ&'(&% (?
    ¤K BC CQRGKSJ?P M APCQAGKCLRM ?@PSNRM RŽM A?P?ARCP”QRGAM BM GL”AGM B? ?BMJCQA‘LAG? N™Q ?JESLQ ?LMQ  CQQCQ
    FMPKšLGMQQCVS?GQD?XCKAMKOSC?QCN”¤QCQBMQMQQMQJMLEMQQCDSLB?KCOSCMAPCQAGKCLRMJGLC?PACQQC
    .QFMPKšLGMQBC?K@MQMQCGVMQAML​RG​LS?KQCLBMGKNMPR?LRCQ NCPKGRGLBMOSCQC?RGLH??AMKNMQGŽMAMPNMP?J
    ?BSJR?C?BGQRPG@SGŽMPCEGML?JB?EMPBSP?AMPNMP?J SK?TCXOSCMQ​KžQASJMQCMQMQQMQAML​RG​LS?K?APCQACP?R?
    KCR?BCB??BA?B?BCTGB?$QQCQBMGQCGVMQFMPKML?GQQŽM@?QR?LRCPCNPCQCLR?RGTMQBCKSGRMQ™PEŽMQCLB™APGLMQ
    OSC SQ?K ?JRCP?CQ L? QCAPCŽM  KCG? TGB? L? AGPASJ?ŽM N CV  NPMRC”​L?Q BC JGE?ŽM  ?CQ CK PCACNRMPCQ
    CQNCA”¤AMQCY?ACJCP?ŽM^BMKCR?@MJGQKMN?P?PCESJ?PEPMQQCGP?C¤L?KCLRC?K?OSGL?PG?KCR?@™JGA?BMAMPNM

    =C4A5024B4=CA4A42D?4​A0sr>4B8BC4<08<D=4
    %MG QSECPGBM NMP NCQOSGQ?BMPCQ OSC ?SKCLRMQ BM NCNR”BGM % BSP?LRC ? PCASNC​P?ŽM CP?K BCAMPPCLRCQ BC NMQQ”TCGQ
    GLRCP?CQ AMK ?Q AJSJ?Q GKSLCQ $K SK CQRSBM BC 3PGNJCRR ,; (3  DMG QSECPGBM OSC ? PCJ?ŽM CLRPC M NCNR”BGM % C ?
    ?RGTGB?BCB?QAJSJ?Q!OSCNPMBSXCK?LRGAMPNMQ GLBGA?PG?CQQCD?RM$QRSBMNMQRCPGMPBCKMLQRPMSOSCMNCNR”BGM%DMG
    CLAMLRP?BM L? A?K?B? JCSAMAGRŠPG? BM Q?LESC  OSC AMLRK ?Q AJSJ?Q GKSLCQ QQGK  ? EJ‹LBSJ? QSNP?PPCL?J LŽM  ?RGT?
    ?NCL?Q L? PCQNMQR? ?M CQRPCQQC  K?Q CK L”TCGQ @?Q?GQ C BSP?LRC ? PCASNC​P?ŽM BM CQRPCQQC  CK ASHMQ NCP”M​BMQ NMBCK QCP
    GKNMPR?LRCQ??RGT?ŽMB?QAJSJ?QGKSLCQCQCSN?NCJN?P??PCASNC​P?ŽM
    86DA0 6;p=3D;0BD?A0AA4=0;tE8C0;?0A0>2>=CA>;43>BB8BC4<0BJB8>;{682>B@D0=3>B>1>4BCA4BB43>
    4G4A2w28>1;HNIIMCMN?G;H?LPIMIKO;HNIIMBILG–HCIMNL•V=IM?MNCGOF;G;AF‡H>OF;MOJL;LL?H;F

    &0?4;A4B?>BC0B4030?C0s~4B3>4G4A2w28>
    ?BPCL?JGL?C?LMP?BPCL?JGL?QŽMTGQR?QLMPK?JKCLRC?SKCLR?LBMCKACPA?BCBMAMLQSKMBCMVGE‘LGMKŠVGKMC
    ?SKCLR?LBM CVNMLCLAG?JKCLRC AMLDMPKC ? GLRCLQGB?BC BM CVCPA”AGM ?JA?L? MQ L”TCGQ KŠVGKMQ "MK SK? KCG? TGB? BC
    ACPA?BC?NCL?QKGL ??BPCL?JGL?PCRMPL?N?P??QAMLACLRP?CQBMPCNMSQMBCLRPMBMQNPGKCGPMQKGLSRMQB?PCASNC​
    P?ŽM5?JCPCQQ?JR?POSC QCMCQRPCQQCBMCVCPA”AGMEP?LBCM@?QR?LRC AMKMCKNPMRMAMJMQBCRPCGL?KCLRMBCPCQGQR‘LAG?
    AMK PCNMSQM ASPRM  ? ?BPCL?JGL? NMBC NCPK?LCACP CJCT?B? NMP  KGL ?N™Q M CVCPA”AGM .Q L”TCGQ BC BMN?KGL? R?K@K
    ?SKCLR?K GLBGA?LBMAMLTCPQŽMGLAMKNJCR??R??BPCL?JGL?MS?QS@QRGRSGŽML?TG?@GMQQGLRRGA? NMRCLAG?JKCLRCBCTGBM
    GL?RGT?ŽMŠAGB?B?QCLXGK?QB?QPC?CQ Q?B?NR?CQB?QA?RCAMJ?KGL?Q?MCVCPA”AGMKMQRP?KPCBSCQL?QPCQNMQR?Q
    QS@KŠVGK?Q  BC KMBM QCKCJF?LRC Q PCQNMQR?Q B? DPC​OS‘LAG? A?PB”?​A?  AMK PCQNMQR?Q K?GMPCQ ?M CVCPA”AGM KŠVGKM C
    PCBSCQL?QPCQNMQR?QBCNPMCLACD?JGL?QQGLRCLQGB?BCQKŠVGK?QBMCVCPA”AGM
    86DA0    Bw=C4B4 3>B 7>A<|=8>B =0 6;p=3D;0 BD?A0AA4=0; ?>34 B4A D<0 ?0AC4 E8C0; 30B 030?C0s~4B 0>
    CA48=0<4=C>344G4A2w28>B3C;M>?MHN?M?BILGIH;FHI=•LN?R>;AF‡H>OF;MOJL;LL?H;F
    86DA0    3C;M >? MHN?M? BILGIH;F H; G?>OF; >; AF‡H>OF; MOJL;LL?H;F   ILN? NL;HMP?LM;F >; G?>OF; >;
    AF‡H>OF;MOJL;LL?H;F
    86DA0    6;p=3D;0 BD?A0AA4=0; B8=C4C8H0 4 B42A4C0 <08B 3> @D4 0?4=0B 03A4=0;8=0  B42A4sr> 34
    ?A>4=2450;8=0B8=KD4=2800A42D?4 ^0sr>?A><>E4=3>05D=sr>8<D=424;D;0A=424BBoA80?0A0>A4?0A>14<
    2><>00=0;64B80/?MJIMN;>;;>L?H;FCH;JF;MG†NC=;;I?R?L==CI;?L•<CI /?MJIMN;>IJ?JN>CI#JF;MG†NC=I
    ;I ?R?L==CI ;?L•<CI  "MM?M P;FIL?M ?MNŠI L?JL?M?HN;>IM =IGI GŒ>C; ? ?LLI J;>LŠI  r CGJILN;HN? L?J;L;L KO?
    ;OG?HNIMMCAHCV=;NCPIM;=CG;>IMP;FIL?M>?L?JIOMI>;;>L?H;FCH;@IL;GI<M?LP;>IM?G?>IJC=I>?
    =IHMOGI>?IRCAHCI?G;G<IMIMALOJIM?HKO;HNIJ;L;IJ?JN>CI#@ICI<M?LP;>;OG;>C@?L?H‹;MCAHCV=;NCP;HI
    L?JIOMI
     ? HIM ;OG?HNIM ;=CG; >I L?JIOMI @IL;G I<M?LP;>;M >C@?L?H‹;M ?G  J;L; I ALOJI NL?CH;>I ? 
    J;L;IALOJIHŠINL?CH;>I;G<IMIMALOJIM;OG?HN;L;GIJ?JN>CI#HIM>C;M?;J•MI?R?L==CIP?LL?@ 

    e46(9'$*.]0'7.$5724$44(0$.
    .3sBD5H417<h>4E<1CE@B1BB5>1<NPMBSXR?LRMKGLCP?JMAMPRGAMGBCQ?JBMQRCPML? OS?LRMEJGAMAMPRGAMGBCQAMPRGQMJ .Q
    ?LBPME‘LGMQQSNP?PPCL?GQR?K@KQŽMNPMBSXGBMQLMA™PRCVB?EJ‹LBSJ?QSNP?PPCL?J L?A65(9,​;0*<3(9/?P??QKSJFCPCQ M
    A™PRCV B? EJ‹LBSJ? QSNP?PPCL?J  SK Q”RGM GKNMPR?LRC N?P? ? Q”LRCQC BC ?LBPME‘LGMQ DP?AMQ  OSC NMBCK ?EGP AMKM
    FMPKšLGMQ?L?@MJGX?LRCQ

    ;82>2>AC82>834B
    . AMPRGQMJ  M NPGLAGN?J EJGAMAMPRGAMGBC CK QCPCQ FSK?LMQ  QCAPCR?BM NCJ? A65( -(:*0*<3(+( BM A™PRCV B? EJ‹LBSJ?
    QSNP?PPCL?J"MKMTGQRM?LRCQ ?JG@CP?ŽMBCAMPRGQMJCQRGKSJ?B?NCJMFMPKšLGM "3' OSCJG@CP?BMNCJ?FGN™¤QC
    "CPA?BCBMAMPRGQMJCQRŠJGTPC C NMPR?LRM @GM?RGTM CLOS?LRMMPCK?LCQACLRCCQRŠJGE?BMQNPMRC”​L?QNJ?QKŠRGA?Q
    NPGLAGN?JKCLRCEJM@SJGL?JGE?BMP?BCAMPRGAMQRCPMGBCQR?K@KAF?K?B?BCRP?LQAMPRGL? N?P??SKCLR?PQS?KCG? TGB?
    LM Q?LESC . AMPRGQMJ GLRCP?EC AMK MQ PCACNRMPCQ BC EJGAMAMPRGAMGBCQ  OSC QŽM CLAMLRP?BMQ CK NP?RGA?KCLRC RMB?Q ?Q
    AJSJ?Q BM AMPNM . AMPRGQMJ  AMKM SK EJGAMAMPRGAMGBC  CQRŠ CLTMJTGBM AMK M KCR?@MJGQKM BC EJGAMQC  HŠ OSC CQRGKSJ?
    TŠPGMQNPMACQQMQOSC HSLRMQ ?HSB?K??SKCLR?PC?K?LRCP?QAMLACLRP?CQLMPK?GQBCEJGAMQC$QQ?Q?CQGLAJSCK?
    EJGAMLCME‘LCQC  OSC  ? Q”LRCQC BC EJGAMQC ? N?PRGP BC ?KGLMŠ​AGBMQ C JGN”BGMQ . AMPRGQMJ ?SKCLR? ?Q CLXGK?Q CLTMJTGB?Q
    AMKCQQCNPMACQQMKCR?@™JGAM$JCR?K@KCQRGKSJ??JG@CP?ŽMBC?KGLMŠ​AGBMQN?P?MSQML?DMPK?ŽMBCEJGAMQC JK
    BGQQM MAMPRGQMJJGKGR??A?NR?ŽMBCEJGAMQCN?P?M​KžQASJMCMRCAGBM?BGNMQM3SBMGQQMDCGRMN?P?AMLQCPT?P?EJGAMQC
    OSC?DMLRCNPGKŠPG?BCCLCPEG?N?P?MCLAD?JMCMQGQRCK?LCPTMQM.AMPRGQMJNPCQCPT?EJGAME‘LGMCEJGAMQCDMPLCACLBM
    QS@QRP?RMQ ?JRCPL?RGTMQ N?P? ? Q”LRCQC BC EJGAMQC N CV  ?KGLMŠ​AGBMQ  EJGACPMJ  . AMPRGQMJ R?K@K RCK PC?CQ APSX?B?Q
    AMKMSRPMQPCACNRMPCQ NPGLAGN?JKCLRCAMKMPCACNRMPBC?LBPME‘LGMQN?P?@JMOSC?P?QGL?JGX?ŽMB?Q”LRCQCBCNPMRC”​L?Q
    . AMPRGQMJ R?K@K  AMLFCAGBM AMKM M NPGLAGN?J FMPKšLGM A?R?@™JGAM BM AMPNM  HŠ OSC CJC RCLR? CTGR?P M SQM BM
    EJGAME‘LGMMSB?EJGAMQC​KSQASJ?PNCJ?GLG@GŽMB?QGL?JGX?ŽMKMJCASJ?PN?P??Q”LRCQCNPMRCGA?NCV GLG@GŽMBMQGQRCK?
    K3.1 ?¤KBCD?TMPCACP?OSC@P?BCNPMRC” i ?Q?QQGK MQ?KGLMŠ ^GBMQPCQSJR?LRCQNMBCKQCPSRGJGX?BMQAMKMQS@QRP?RM
    CLCPERGAM BGAGML?JKCLRC MAMPRGQMJNMBCPCBSXGP??RGTGB?BCB?QAJSJ?QGKSLCQ OSCSRGJGX?KEJGAMQCAMKM?NPGLAGN?J
    DMLRC CLCPERGA?  LMT?KCLRC N?P? NPCQCPT?P M EJGAME‘LGM C M SQM BC EJGAMQC $LRŽM  QS? D?K? PSGK AMKM YFMPKšLGM
    A?R?@™JGAM^ CQRŠ PCJ?AGML?B? AMK M D?RM BC OSC CJC RCLR? NPCQCPT?P EJGAME‘LGM CLOS?LRM ?SKCLR? ? NPMBSŽM BC EJGAMQC
    DMPLCACLBMMSRPMQQS@QRP?RMQ@ŠQGAMQN?P?QS?Q”LRCQC
    . AMPRGQMJ R?K@K BCQCKNCLF? SK N?NCJ ?LRG GL¥?K?R™PGM NMP QSNPGKGP ? ?RGTGB?BC B?Q AJSJ?Q GKSLCQ QQGK  CJC
    R?K@KRCKQGBMSRGJGX?BMAMKMKCBGA?KCLRMN?P??HSB?PLMRP?R?KCLRMBCBMCL​?QGL¥?K?R™PG?Q AMKM?QK? ?PRPGRCMS
    BMCL​?Q?SRMGKSLCQ/MPK NMPA?SQ?BMQCSGKN?ARMLCE?RGTMQM@PC?Q”LRCQCBCNPMRC”​L?Q NPCAGQMRMK?PASGB?BML?
    NPŠRGA? AJ”LGA? N?P? LŽM NPMKMTCP ? OSC@P? RC​AG​BS?J $QQ? A?P?ARCP”QRGA? RCK GKNJGA?CQ L? KCBGAGL? CQNMPRGT?  C  M
    KMRGTMNCJMOS?J?QGLHCCQBCAMPRGQML?LŽMQŽMK?GQRŽMNMNSJ?PCQOS?LRMDMP?KFŠ?JESLQ?LMQ JR?QAMLACLRP?CQBC
    EJGAMAMPRGAMGBCQCKSK?GLHCŽMBCAMPRGQML?NMBCKPCBSXGPMBCQCLTMJTGKCLRM™QQCMC?AGA?RPGX?ŽMBCDCPGB?Q ?JKBC
    ?DCR?PLCE?RGT?KCLRCSK?T?PGCB?BCBCMSRP?QDSLCQ¤QGMJ™EGA?Q NPMBSŽML?RSP?JCVACQQGT?BCAMPRGQMJAF?K?B?BC
    BMCL​?BC"SQFGLE
    &1@5<B5C@?CD1C5141@D1kv5C4?5H5B3o39? .CVCPA”AGM?SKCLR?PŠ?QAMLACLRP?CQBCAMPRGQMJAMKGLRCLQGB?BCQBC
    ACPA? BC  BM 5. KŠV MS K?GMPCQ  K?GMPG? BMQ NPMRMAMJMQ BC CVCPA”AGMQ BC PCQGQR‘LAG? R?K@K CJCT?PŠ ?Q
    AMLACLRP?CQ Q?LES”​LC?Q BC AMPRGQMJ  A?QM CJCQ RCLF?K TMJSKCQ CMS GLRCLQGB?BCQ BC RP?@?JFM RMR?J ?BCOS?BMQ
    %PCOSCLRCKCLRC  MQ ?SKCLRMQ NMBCK QCP M@QCPT?BMQ R?K@K LM NCP”M​BM B? PCASNC​P?ŽM  BC  ?  KGL 2C ?Q
    AMLACLRP?CQBCPCNMSQMCQRŽMCJCT?B?QNCV LKMJ\lZ CLRŽM?QPCQNMQR?QMSBCK?LB?QBMCVCPA”AGM?ESBMGPŽM
    PCOSCPCP SK CQR”KSJM K?GMP v GLRCPCQQ?LRC ?ACL​RS?P OSC  CK@MP? M AMPRGQMJ RCLF? QGBM GKNJGA?BM PCNPCQCLR?LBM SK
    NMQQ”TCJN?NCJL?BCRCAŽMBCRPCGL?KCLRMCVACQQGTMCK?RJCR?Q CJCLŽMQCKMQRPMSSKK?PA?BMP@?QR?LRCNPCBGRGTM HŠOSC
    QS? CJCT?ŽM ?AGK? BC  HŠ GLBGA? CQR?BM BC RPCGL?KCLRM CVACQQGTM 0S?QC RMBMQ MQ CVCPA”AGMQ NMBCK PCQSJR?P CK
    ?SKCLRMBMAMPRGQMJNCJ?QP?XCQ™@TG?QBC?HSB?PMAMPNM?SRGJGX?PAMKASGB?BMQCSQCQRMOSCQJGKGR?BMQBCEJGAME‘LGM
    PCBSXGLBM ? K?ELGRSBC B? PCQNMQR? GL¥?K?R™PG? NMP A?SQ? BM B?LM ?M RCAGBM h SQASJ?P $LRPCR?LRM  CK ?JESK?Q
    AGPASLQR‹LAG?Q MAMPRGQMJNMBCBGKGLSGP?A?N?AGB?BCBCPCASNC​P?ŽMBMGL​BG​T”​BSM

    #8=4A0;>2>AC82>834B
    ?JBMQRCPML?SKFMPKšLGMCQRCPMGBCNPMBSXGBML?A65(.364,9<36:(BMA™PRCVB?EJ‹LBSJ?QSNP?PPCL?J3P?R? QCBCSK
    BMQKGLCP?JMAMPRGAMGBCQK?GQGKNMPR?LRCQ OSCQŽMSKEPSNMOSC?HSB??PCESJ?PMCOSGJ”@PGMBCŠES?CCJCRP™JGRMQNCV
    Q™BGM C NMRŠQQGM  LM Q?LESC /?P? D?XCP GQQM  CQQCQ FMPKšLGMQ  OSC QŽM NPMBSXGBMQ LM A™PRCV B? EJ‹LBSJ? QSNP?PPCL?J
    GL¥SCLAG?K MQ Rž@SJMQ C MQ BSARMQ AMJCRMPCQ LM PGK  ?LEGMRCLQGL? ((  K?Q R?K@K M "3' C ?Q AMLACLRP?CQ BC
    NMRŠQQGMJMA?GQ CQRGKSJ?K?QCAPCŽMBC?JBMQRCPML?$J?QGL?JGX?MPGKN?P?PCRCPQ™BGMCQCAPCR?PNMRŠQQGM SKBMQQCSQ
    N?NG​Q FMPKML?GQ K?GQ GKNMPR?LRCQ )SLR?Q  CQQ?Q KSB?L?Q L?Q AMLACLRP?CQ BC CJCRP™JGRMQ NPMKMTCK ?SKCLRM L?
    NPCQQŽM C LM TMJSKC Q?LES”​LCMQ  PCQSJR?LBM CK PCRCLŽM BC ŠES?  ?JBMQRCPML? R?K@K GL¥SCLAG? M COSGJ”@PGM
    ?AGBM@ŠQGAMNCJ?CQRGKSJ?ŽMB?QCAPCŽMBC' NCJ?QAJSJ?QGLRCPA?J?PCQLMQBSARMQAMJCRMPCQBMQPGLQ ?HSB?LBM?PCESJ?P
    ?QAMLACLRP?CQBC@GA?P@ML?RMC ?QQGK MCOSGJ”@PGM?AGBM@ŠQGAM$J?R?K@K?ECL?LCSPM FGN™¤QCC?HSB??CQRGKSJ?P?
    JG@CP?ŽM BC ?PEGLGL? T?QMNPCQQGL? R?K@K AMLFCAGB? AMKM FMPKšLGM ?LRGBGSPRGAM  OSC D?X AMK OSC M PGK PCRCLF?
    ŠES? v GLRCPCQQ?LRC PCQQ?JR?P OSC ? ?JBMQRCPML? AMLRPG@SG N?P? ?NCL?Q  B? PC?@QMPŽM BM Q™BGM OSC QCPG? CLAMLRP?BM
    LMPK?JKCLRCLMQ?LESC
    &1@5<B5C@?CD1C5141@D1kv5C4?5H5B3o39? ?JBMQRCPML?BCQCKNCLF?SKN?NCJGKNMPR?LRCL?PCESJ?ŽMBC¥SGBMQC
    CJCRP™JGRMQ AMK M CQRPCQQC BM CVCPA”AGM Q PCQNMQR?Q ?M CVCPA”AGM CQRŽM PCJ?AGML?B?Q AMK ? GLRCLQGB?BC  ?NPCQCLR?LBM
    KCLMPCQAMLACLRP?CQLMCVCPA”AGMBC@?GV?GLRCLQGB?BC"MKMRPCGL?KCLRM MGL​BG​T”​BSMKCJFMP?QS?A?N?AGB?BCBC
    BCQCKNCLFM ? GLRCLQGB?BCQ K?GMPCQ C  AMLQCOSCLRCKCLRC  MQ L”TCGQ BC ?JBMQRCPML? CK GLRCLQGB?BCQ KŠVGK?Q BC
    CVCPA”AGM ?N™Q M RPCGL?KCLRM QŽM K?GMPCQ BM OSC L?Q GLRCLQGB?BCQ KŠVGK?Q BC CVCPA”AGM ?LRCQ BM RPCGL?KCLRM "MK M
    ?SKCLRMBCBCK?LB?Q¤QGMJ™EGA?QCMCVCPA”AGMK?GQGLRCLQM FŠSK?QMJGAGR?ŽMPCESJ?R™PG?K?GMPBCŠES?CBCCJCRP™JGRMQ
    C  ?QQGK  ? GLRCLQGB?BC C M TMJSKC BM CVCPA”AGM QŽM QGL?GQ AF?TC N?P? ? JG@CP?ŽM BC ?JBMQRCPML? "MK M CVCPA”AGM BC
    PCQGQR‘LAG?  ? PCQNMQR? B? ?JBMQRCPML?  BGDCPCLRC  AMKM SK NPMRMAMJM BC ?JR? GLRCLQGB?BC OSC LŽM NMBC GKN?AR?P ?Q
    AMLACLRP?CQ BC ?JBMQRCPML? SK? TCX OSC LŽM  ?NPCQCLR?BM LCLFSK BCQ?¤M ?M COSGJ”@PGM BC ¥SGBMQ C BC CJCRP™JGRMQ
    #CQQ?K?LCGP? AMLDMPKC?QGLRCLQGB?BCQKCR?@™JGA?Q?SKCLR?KNMPA?SQ?BMQTMJSKCQK?GMPCQBCRP?@?JFMRMR?J AMKM
    LMQ NPMRMAMJM BC ¤QGASJRSPGQKM MS NPMRMAMJMQ BC PCNMSQM ASPRM  ? ?JBMQRCPML? NMBC LŽM ?SKCLR?P  . RGNM BC
    NPMRMAMJM BC CVCPA”AGMQ BC PCQGQR‘LAG? SRGJGX?BM  AMK M KMBM AMKM CJC QC PCJ?AGML? AMK ?Q BCK?LB?Q BC ¥SGBM C
    CJCRP™JGRMQ BGR??QPCQNMQR?QB??JBMQRCPML? 

    @C>€?:@DA2?4C6s​E:4@D
    . N‹L​APC?Q CQRŠ JMA?JGX?BM L? NMPŽM QSNCPGMP BM ?@BMKC  NP™VGKM ?M GLRCQRGLM BCJE?BM  LM DSLBM LM AMPNM $JC
    BCQCKNCLF? SK GKNMPR?LRC N?NCJ CK KSGR?Q DSLCQ ¤QGMJ™EGA?Q  BCQBC ?Q NPMNPGCB?BCQ ?L?@™JGA?Q B? GLQSJGL?  ? QS?
    PCESJ?ŽMBMQL”TCGQBCEJGAMQCLMQ?LESC N?P?MQNPMACQQMQBCBMCL​?Q AMKMMBG?@CRCQ$JCQCAPCR?MQSAMN?LAPCŠ​RGAM M
    OS?JAMLRK?QCLXGK?QBGECQRGT?QOSC?HSB?K?LCSRP?JGX?PMQŠAGBMQCQRMK?A?GQOSCAFCE?KBMCQRšK?EMN?P?MGLRCQRGLM
    BCJE?BMCOSC?HSB?KLMNPMACQQMBCAJGT?ECKBCNPMRC”​L?Q A?P@MGBP?RMQCEMPBSP?Q
    .N‹L​APC?QQCAPCR?MQFMPKšLGMQGLQSJGL? EJSA?EMLCQMK?RMQR?RGL? QGJFMR?QBC+?LECPF?LQQŽMAJSJ?QN?LAPCŠ​RGA?Q
    CQNCAG?JGX?B?QOSCQCAPCR?KEJSA?EMLCGLQSJGL?.EJSA?EML?HSB???SKCLR?P?EJGAMQCQ?LES”​LC?OS?LBMCJ?AMKC??
    A?GP CLOS?LRM?GLQSJGL?D?XAMKOSC?QAJSJ?QA?NRCKEJGAMQCOS?LBMQCSQL”TCGQCQRŽM?JRMQ.QBGDCPCLRCQRGNMQACJSJ?PCQ
    BMN‹L​APC?QR‘KN?NGQBGDCPCLRCQL?NPMBSŽMBMQAMLRCž​BMQQCAPCR™PGMQ B?QCESGLRCK?LCGP?

    QAJSJ?Q@CR?QCAPCR?KGLQSJGL?N?P?BGKGLSGP?QAMLACLRP?CQQ?LES”​LC?QBCEJGAMQCOS?LBMCJ?QCQRŽMCJCT?B?Q
    CQQ?QAJSJ?QAMKNC;?KACPA?BC?B?QAJSJ?QB?QGJFMR?QLMN‹L​APC?Q?BSJRM
    Q AJSJ?Q ?JD? QCAPCR?K EJSA?EML  OSC A?SQ? ?SKCLRM L?Q AMLACLRP?CQ Q?LES”​LC?Q BC EJGAMQC OS?LBM CJ?Q CQRŽM
    @?GV?QCQQ?QAJSJ?QAMKNCKACPA?BC?BMN‹L​APC?Q
    Q AJSJ?Q BCJR? QCAPCR?K QMK?RMQR?RGL?  OSC GLG@C ? JG@CP?ŽM CLB™APGL? BC GLQSJGL? C EJSA?EML CQQ?Q AJSJ?Q
    AMKNCKACPA?BC?B?QAJSJ?QLMN‹L​APC?Q
    Q AJSJ?Q // QCAPCR?K NMJGNCNR”BGMQ N?LAPCŠ​RGAMQ OSC GLG@CK ? JG@CP?ŽM BMQ QSAMQ N?LAPCŠ​RGAMQ CQQ?Q AJSJ?Q
    DMPK?KACPA?BCB?QAJSJ?QLMN‹L​APC?Q

    .KCA?LGQKMAJŠQQGAMBCPCRPM?JGKCLR?ŽMCLB™APGL??GLRCP?ŽMCLRPC?GLQSJGL?CMEJSA?EML OSC HSLRMQ AMLRPMJ?K


    ?QAMLACLRP?CQQ?LES”​LC?QBCEJGAMQC%GESP? 

    ,$%(6(5(5b0'41/(/(6$%e.,&$
    0S?LBM SK? NCQQM? RCK BG?@CRCQ  QCS AMPNM MS LŽM NPMBSX GLQSJGL? MS RCK BG¤ASJB?BC CK SRGJGXŠ J? . BG?@CRCQ 
    A?P?ARCPGX?BM NCJ? FGNCPEJGACKG? AMLACLRP?CQ BC EJGAMQC Q?LES”​LC? CJCT?B?  A?SQ?B? NCJ?Q @?GV?Q AMLACLRP?CQ BC
    GLQSJGL?MSNCJ?YPCQGQR‘LAG?GLQSJ”LGA?^ CKOSC?GLQSJGL?CQRŠGKNCBGB?BCBCQCKNCLF?PQS?Q?CQLMPK?GQL?AJSJ? Q
    AJSJ?Q@CR?R‘KNPM@JCK?QCKNPMBSXGPGLQSJGL?QS¤AGCLRCN?P?PCBSXGP?QAMLACLRP?CQQ?LES”i C?QBCEJGAMQC OSC?
    A?SQ?NMPRPŠQB?BMCL​?$VGQRCKRP‘QRGNMQBCBG?@CRCQRGNM RGNMCBG?@CRCQECQR?AGML?J QCLBMOSC?žJRGK?MAMPPC
    RGNGA?KCLRCBSP?LRC?EP?TGBCX.QRGNMQCNMBCKRCPAMKNJGA?CQEP?TCQN?P??Q?ž​BCQCLŽMDMPCKRP?R?BMQ.RGNM
     LMPK?JKCLRC CLAMLRP?BM CK APG?L?Q C CK ?BSJRMQ HMTCLQ C  NMP GQQM   AF?K?BM BC BG?@CRCQ HSTCLGJ -CQQC RGNM  ?Q
    AJSJ?Q @CR? N?LAPCŠ​RGA?Q LŽM NPMBSXCK ? OS?LRGB?BC LCACQQŠPG? BC GLQSJGL? . BG?@CRCQ RGNM   A?P?ARCPGX?BM NCJ?
    PCQGQR‘LAG?  GLQSJGL?  ? ¤K BC BCQCKNCLF?P QCSQ N?NGn L?Q AJSJ?Q ?JTM  AMKM LM h žQASJM ?QQGK  ?Q AJSJ?Q LŽM
    PCQNMLBCK?MFMPKšLGMC?QCSCDCGRM QAJSJ?Q@CR?R?K@KLŽMDSLAGML?KC¤A?XKCLRCLMBG?@CRCQRGNM.QBG?@CRCQ
    RGNMCMRGNMQŽMGLASPŠTCGQ K?QNMBCKQCPRP?R?BMQAMKSKNPMEP?K??@P?LECLRC.BG?@CRCQRGNMBCTCQCPRP?R?BM
    CAMLRPMJ?BMAMKGLHCCQBCGLQSJGL? HSLRMAMKGLRCPTCLCQBGCRRGA?QCLMCQRGJMBCTGB?.BG?@CRCQRGNMNMBCQCP
    AMLRPMJ?BMAMKSK?AMK@GL?ŽMBCKSB?L?QLMCQRGJMBCTGB? CVCPA”AGMQCRP?R?KCLRMBGCRRGAM C KSGR?QTCXCQ AMK
    RP?R?KCLRMGLQSJ”LGAM
    86DA0    A46D;0sr> 4 > 2>=CA>;4 3> <4C01>;8B<> 30 6;82>B4 t D<0 30B 5D=s~4B 7><4>BCoC820B <08B
    8<?>AC0=C4B 3> 2>A?> % 2>=CA>;4 30 Bw=C4B4 34 6;D206>= 4 34 8=BD;8=0 4 BD0 ;814A0sr> 4< A4B?>BC0 0>
    4G4A2w28>2>AA4B?>=34<qB34<0=30B3>4G4A2w28>-‡H=L?;MCG;A?G@ILH?=C>;JILH;NIGC=;F B;LN I 
    0?=L?‹ŠI >? AFO=;AIH ? >? CHMOFCH;   /?MJIMN;M >? AFO=;AIH ? >? CHMOFCH; ‰ AFC=IM? M;HAO​H?;   ‹™?M >?
    AFO=;AIH?CHMOFCH;J;L;G;HN?L;M=IH=?HNL;‹™?MM;HAO​H?;M>?AFC=IM?

    "MK ? PCQGQR‘LAG? GLQSJ”LGA? AMKM PCQSJR?BM B?Q ?JR?Q AMLACLRP?CQ BC EJGAMQC C BC GLQSJGL?  SK? NCQQM? NMBC
    BCQCLTMJTCP ? Q”LBPMKC KCR?@™JGA? C M BG?@CRCQ RGNM   Q”LBPMKC KCR?@™JGA?  M ?EPSN?KCLRM BC TŠPGMQ BGQRžP@GMQ
    AJ”LGAMQ OSC NMBCK GL¥SCLAG?P M PGQAM BM GL _ G
    q”_ SM N?P? BMCL
    ≠?Q A?PBGMT?QASJ?PCQ C BG?@CRCQ N CV  NPCQQŽM ?PRCPG?J
    CJCT?B? ?JR?Q AMLACLRP?CQ BC ACPRMQ JGN”BGMQ  AMKM MQ RPGEJGACP”BGMQ C +#+ ?JR?Q AMLACLRP?CQ BC GLQSJGL? EMPBSP?
    ?@BMKGL?J QM@PCNCQM EMPBSP? AMPNMP?J CJCT?B?  . CVCPA”AGM C ? BGCR? QŽM BMGQ BMQ D?RMPCQ NPGLAGN?GQ OSC ?DCR?K ?
    Q”LBPMKCKCR?@™JGA?!MVC 

    ,4&   ;
    !h6,:75-5-<)*l41+)
    566) ,?<5;&8#
    ::6*0(;,96-,::69
    ,7(9;4,5;6-05,:0636.@
    "50=,9:0;@6:655,*;0*<;
    ;699:!

    Q”LBPMKCKCR?@™JGA?2,CRR?K@KAMLFCAGB?AMKMQ”LBPMKCBCPCQGQR‘LAG?GLQSJGL? PCNPCQCLR?SKEPSNMBC
    K?PA?BMPCQOSCNPCBGQNCKM@CQGB?BC ?MBG?@CRCQCBMCL​?A?PBGMT?QASJ?P BC¤LGŽMCMNMP l S‘B?2,CRR‘K
    QGBM BGQASRGBMQ  K?Q ? K?GMPG? BMQ NCQOSGQ?BMPCQ AMLAMPB? OSC ? FGNCPGLQSJGLCKG?PCQGQR‘LAG? GLQSJ”LGA? QŽM
    A?P?ARCP”QRGA?QAMKSLQ JKBGQQM ?BGKGLSGŽMBCTŠPGMQCDCGRMQBCQCL​A?​BC?​BMQNCJ?QGL?JGX?ŽMB?GLQSJGL?DMPLCAC
    SKKCA?LGQKMNJ?SQ”TCJN?P??QA?P?ARCP”QRGA?QB?2,CR.QGELG¤A?BMAJ”LGAMB?2,CROSC?PCQGQR‘LAG?GLQSJ”LGA?
    SKCQR?BMNP BG?@RGAMOSCGLBGA?SKPGQAMMASJRMN?P?BMCL​?A?PBGMT?QASJ?PCKMPR?JGB?BCNPCAMAC.AMLACGRM
    AML​RG​LS?QCLBMSK?GKNMPR?LRC K?QSKR?LRMAMLRPMTCPQ? A?P?ARCP”QRGA?B?NPŠRGA?BG?EL™QRGA? CK@MP?LŽMF?H?
    SK?CQRP?REG?BCRP?R?KCLRM?KNJ?KCLRC?ACGR?-™QQSECPGKMQPCACLRCKCLRCOSCMQK?PA?BMPCQ@GMJ™EGAMQOSC
    QŽMSRGJGX?BMQRP?BGAGML?JKCLRCN?P?BC¤LGP?2,CRQCH?KNPCAGQ?KCLRC?OSCJCQOSCQŽMKCJFMP?BMQAMK?PCQRPGŽM
    BGCRRGA? ?MQ A?P@MGBP?RMQ $QQCQ K?PA?BMPCQ GLAJSCK ? M@CQGB?BC CJCT?ŽM BM NCQM AMPNMP?J  ”LBGAC BC K?QQ?
    AMPNMP?J:(,"<CMSAGPASLDCP‘LAG?B?AGLRSP? ?JRMQL”TCGQBCEJGAMQCCGLQSJGL? PCBSŽMBCJGNMNPMRC”​L?QBC?JR?
    BCLQGB?BC JGE?B?Q ?M AMJCQRCPMJ '#+ "  C RPGEJGACP”BGMQ ?JRMQ 3&  $QQ? BCQAM@CPR?  NMP QS? TCX  QSECPC OSC  BC
    ?JESK? K?LCGP?  ? PCBSŽM BGCRRGA? BC A?P@MGBP?RMQ  SK? ?@MPB?ECK GLGAG?J P?XMŠ​TCJ N?P? M RP?R?KCLRM B?
    Q”LBPMKC
    $TGB‘LAG?QBCCQRSBMQGLGAG?GQ?NMLR?KN?P?SK?KSB?L?BCN?P?BGEK?LMLMQQMCLRCLBGKCLRMQM@PCBGCR?QBC
    @?GVM A?P@MGBP?RM  EJGAMQC  M NPGLAGN?J CQR”KSJM N?P? ? QCAPCŽM N?LAPCŠ​RGA? BC GLQSJGL? .Q BGTCPQMQ CDCGRMQ B?
    GLQSJGL? ?NMLR?K N?P? QCSQ CDCGRMQ ECP?JKCLRC ?L?@™JGAMQ $QQCQ CDCGRMQ GLAJSCK M CQR”KSJM N?P? ? A?NR?ŽM
    NCPGDPGA?BCEJGAMQCNCJMPCAPSR?KCLRMBMQPCACNRMPCQ&+43NCJ?GLG@GŽMB?EJGAMECL™JGQC B?EJGAMLCME‘LCQCC
    B?JGN™JGQCCNCJMCQR”KSJMBM?PK?XCL?KCLRMBCEJGAME‘LGMCB?Q”LRCQCNPMRCGA? P?XŽMB?QCQRP?REG?Q@?​QC?​B?Q
    CKPCQRPGŽMBCA?P@MGBP?RMQOSC?GLECQRŽMPCBSXGB?BCEJGAMQCBGCRRGA?JCT??MAMLRPMJCKCJFMPB?GLQSJGL?C
    PCESJ?ŽM KCJFMP BCQQC CQR?BM ?L?@™JGAM ,?GQ CQNCAG¤A?KCLRC  M NPGLA”NGM B? PCQRPGŽM BC A?P@MGBP?RMQ  OSC
    K?LRCLBM MQ L”TCGQ BC GLQSJGL? @?GVMQ  M KCR?@MJGQKM  CLTGCQ?BM N?P? ? MVGB?ŽM JGN”BGA? CK TCX BC QCP
    ?PK?XCL?BM . AMPMJŠPGM QCPG? OSC ? FGNCPGLQSJGLCKG? AML​RG​LS?B? NMBC NPCBGQNMP ? SK CQR?BM CK OSC ? EMPBSP?
    BGCRRGA??PK?XCL?B?CKTCXBCMVGB?B?CCKOSCMQCDCGRMQ?RCPME‘LGAMQB?EMPBSP? NPGLAGN?JKCLRCB?EMPBSP?
    Q?RSP?B?  QŽM K?LGDCQR?BMQ K?GQ NPMLR?KCLRC  JGNME‘LCQC Q”LRCQC BC ŠAGBMQ EP?VMQ   GLG@GB? QGELG¤A?RGT?KCLRC
    CK SK? BGCR? BC NMSAM A?P@MGBP?RM  M OSC BCTCPG? NCPKGRGP KCJFMP ?BKGLGQRP?ŽM N™Q ?@QMPRGT? B? EMPBSP?
    BGCRRGA? PCBSXGLBMQCSQCDCGRMQ?BTCPQMQLMKCR?@MJGQKMB?QJGNMNPMRC”​L?QCCKMSRPMQNPMACQQMQ?RCPME‘LGAMQ
    -MRP?R?KCLRMB?2,CRCBMBG?@CRCQ?PCQRPGŽM?MQA?P@MGBP?RMQSK??@MPB?ECK™@TG?CGLRSGRGT?2?@C QCOSC
    ?PCBSŽMCVNCPGKCLR?JBMQA?P@MGBP?RMQBGCRRGAMQECP?JKCLRCDMPLCACKCJFMPAMLRPMJCEJGA‘KGAM K?GMPPCBSŽM
    B?FCKMEJM@GL? ACSK?PCBSŽMK?GQAML¤ŠqCJL?KCBGA?ŽMBMOSC?QBGCR?QBC@?GV?EMPBSP? CLŽMPCOSCP
    NCPB? BC NCQM N?P? QCS @CLCD”AGM  @?PPCGP? N?P? ? GKNJCKCLR?ŽM B?Q CQRP?REG?Q BC @?GVM A?P@MGBP?RM LM
    RP?R?KCLRMB?2,CRCKN?AGCLRCQBG?@RGAMQRCKQGBMRP?BGAGML?JKCLRCMPGQAMN?P?BMCL​?A?PBGMT?QASJ?P#"5 
     NPGLAGN?J NPCMASN?ŽM  OSC M A?P@MGBP?RM PCKMTGBM B? BGCR? QCPG? QS@Q​RG​RS”​BM NCJ? EMPBSP? BGCRRGA?
    NMQQGTCJKCLRCEMPBSP?Q?RSP?B? AMKSKPGQAMN?P?#"5NPCQSKGTCJKCLRCK?GMP$KAMLRP?QRCJ?RCLRC?CQQ?GBCG?
    RP?@?JFMQ PCACLRCQ BCKMLQRP?P?K OSC ? PCBSŽM BMQ A?P@MGBP?RMQ BGCRRGAMQ JCT? ? KCJFMP?Q QGELG¤A?RGT?Q LMQ
    K?PA?BMPCQBC#"5 KCQKML??SQ‘LAG?BCNCPB?BCNCQM
    'GQRMPGA?KCLRC ?PCQRPGŽMBCA?P@MGBP?RMQTGQR?AMKMSKKRMBMBCNCPB?BCNCQMCRCKCQR?BMQM@QSQNCGR?
    NMPA?SQ?B?QNPCMASN?CQCKPCJ?ŽM?MAMJCQRCPMJJGE?BM?JGNMNPMRC”​L?QBC@?GV?BCLQGB?BC+#+ " C?MPGQAM
    BCBMCL​?A?PB”?​A? PCBSŽMBMQA?P@MGBP?RMQBGCRRGAMQ@CKAMLFCAGB?NMPKCJFMP?P?BGQJGNGBCKG??RCPME‘LGA?
    MS QCH?  ?SKCLR?P M '#+ " C PCBSXGP MQ 3& NJ?QKŠRGAMQ /MP MSRPM J?BM  M AMJCQRCPMJ RMR?J C M +#+ " CQRŽM
    ECP?JKCLRC K?GQ @?GVMQ CK BGCR?Q BC @?GV? EMPBSP? $QQ? PCJ?ŽM CLRPC MQ D?RMPCQ BC PGQAM BM +#+ " =,9:<: ?
    BGQJGNGBCKG? ?EMP?  AMKNJGA?B? NCJM PCAMLFCAGKCLRM BC OSC ? A?N?AGB?BC ?RCPME‘LGA? BM +#+ "  DMPRCKCLRC
    BCNCLBCLRC BM R?K?LFM B? N?PR”ASJ?  C M R?K?LFM B? N?PR”ASJ?  NMP QS? TCX  QC AMPPCJ?AGML? DMPRCKCLRC AMK MQ
    A?P@MGBP?RMQ BGCRRGAMQ BGAGML?JKCLRC  MSRPMQ K?PA?BMPCQ  AMKM ?Q ?NMJGNMNPMRC”​L?Q  NMBCK QCP NPCBGRMPCQ K?GQ
    NPCAGQMQBMOSCMQL”TCGQB?QCQNAGCQBCAMJCQRCPMJ?P?XŽM?NM!?NM  CKN?P​RGASJ?P DMGNPMNMQR?AMKM?K?GQ
    NPCAGQ?3?K@KCVGQRC?OSCQRŽMB?CQNAGCBCŠAGBMEP?VM NPGLAGN?JKCLRC?EMPBSP?Q?RSP?B? NMPOSC?GLECQRŽM
    BGCRRGA? BC EMPBSP? LMPK?JKCLRC ?SKCLR? OS?LBM MQ A?P@MGBP?RMQ CQRŽM PCQRPGRMQ C GQQM JCT?LRMS NPCMASN?CQ
    QM@PCMQNMRCLAG?GQCDCGRMQLMAGTMQLMKCR?@MJGQKMB?QJGNMNPMRC”​L?QCLMPGQAMA?PBGMT?QASJ?P
    #GTCPQMQCQRSBMQ?T?JG?P?KMQCDCGRMQB?QBGCR?QAMKKSGRMNMSAMA?P@MGBP?RMCK@GMK?PA?BMPCQBCPGQAMA?PB”?​
    AMN?BPCQCCKCPECLRCQ.OS?BPMOSCCKCPECBCQQCRP?@?JFMPCACLRCOSC?PCQRPGŽMBCA?P@MGBP?RMQRCKKSGR?Q
    T?LR?ECLQQM@PC?QBGCR?QAMKNMSA?EMPBSP?L?BGKGLSGŽMB??BGNMQGB?BC L?KCJFMP?BMAMLRPMJCEJGA‘KGAMCB?
    QCLQG@GJGB?BCGLQSJGL? CL?GLBSŽMBCPCQNMQR?QD?TMPŠTCGQB?QP?XCQCLRPC3& '#+ "CAMJCQRCPMJRMR?J'#+
    " JK BCQQCQ K?PA?BMPCQ BC 2,CR  BGCR?Q AMK @?GVM A?P@MGBP?RM R‘K PCQNMQR?Q K?GQ D?TMPŠTCGQ ?MQ GLBGA?BMPCQ
    ?JRCPL?RGTMQ BC BGQJGNGBCKG? ?RCPME‘LGA? C PGQAM A?PBGMT?QASJ?P JGNGBCKG? N™Q NP?LBG?J  ?NM !  ?NM   P?XŽM ?NM
    !?NM  BGQRPG@SGŽMB?QN?PR”ASJ?QBC+#+ ?BGNMAGL?Q K?PA?BMPCQGL¥?K?R™PGMQCDSLŽM q?QASJ?PN™Q ?@QMPRGT?
    CN™Q NP?LBG?J%MGKMQRP?BMCKCQRSBMPCACLRCOSC ?NCQ?PB?GLECQRŽMBCEMPBSP?Q?RSP?B?BGCRRGA?TCXCQK?GMP
    SK? BGCR? AMK KSGRM NMSAM A?P@MGBP?RM ?NPCQCLRMS PCBSŽM AMLQGQRCLRC LMQ ŠAGBMQ EP?VMQ Q?RSP?BMQ AGPASJ?LRCQ
    AMKN?P?B?AMK?BGCR?BC@?GV?EMPBSP? BGKGLSGŽMBMQŠAGBMQEP?VMQAGPASJ?LRCQL?BGCR?BC@?GVMA?P@MGBP?RM
    QC BCTC  K?GMP MVGB?ŽM B? EMPBSP? Q?RSP?B?  R?LRM B? BGCR? OS?LRM B? JGN™JGQC CLB™ECL?  ?JK B? PCBSŽM B?
    JGNME‘LCQC+,56=6
    $K PCQSKM  ? PCQRPGŽM ?MQ A?P@MGBP?RMQ  ECP?JKCLRC C¤AGCLRC CK KCJFMP?P ?OSCJCQ K?PA?BMPCQ ¤QGMJ™EGAMQ
    ?QQMAG?BMQ  Q”LBPMKC KCR?@™JGA? ?JR? EJGAMQC C GLQSJGL? LM HCHSK C  N?P​RGASJ?P​KCLRC  BGQJGNGBCKG? ?RCPME‘LGA?
    A?P?ARCPGX?B? NCJMQ T?JMPCQ CJCT?BMQ BC 3& C PCBSXGBMQ BC '#+ .Q CDCGRMQ QŽM NPCQSKGTCJKCLRC ?RPG@S”​BMQ 
    KCJFMPPCESJ?ŽMB?EJGAMQCNJ?QKŠRGA?CBMQL”TCGQBCGLQSJGL?CKCJFMP?B?FGNCPGLQSJGLCKG?PCQGQR‘LAG?GLQSJ”LGA?
    OSCQŽMA?P?ARCP”QRGA?QDSLB?KCLR?GQB?2,CR NCPQGQR‘LAG?B?CNGBCKG?BCM@CQGB?BC BG?@CRCQC2,CRQSECPCOSC
    BCTCKQCPNPMASP?B?Q?JRCPL?RGT?QQPCAMKCLB?CQB?BGCR?BC@?GV?EMPBSP? AMK?OS?J?CNGBCKG?AMGLAGBCLRC
     PCTGQŽM ?NPCQCLR?B? ?OSG QSECPC OSC  AMLQGBCP?B? AMKM SK? LMT? JSX  ? PCQRPGŽM BC A?P@MGBP?RMQ  AMKM SK?
    NPCQAPGŽMECP?JN?P??Q?ž​BCGLBCNCLBCLRCKCLRCB?PCBSŽMBCNCQM SK??JRCPL?RGT?QCLQ?R?

    %121>g:/5-
     PMP?2* ,A%?PJ?LC2(3FCA?QCDMPJMUA?P@MFWBP?RCBGCRQGLBG?@CRCQK?L?ECKCLR-SRP,CR?@+MLB 

    &0?4;A4B?>BC0B4030?C0s~4B3>4G4A2w28>
    &CP?JKCLRC  M@QCPT? QC BGKGLSGŽM B?Q AMLACLRP?CQ BC GLQSJGL? Q?LES”​LC? AMK M CVCPA”AGM "MK ? BGKGLSGŽM B?
    GLQSJGL? MD”E?BMR?K@KCQRGKSJ?BM?JG@CP?PEJGAMQCAMK?OSC@P?BMEJGAME‘LGMFCNŠRGAM QQGK ?K?LSRCLŽMB?Q
    AMLACLRP?CQQ?LES”​LC?QBCEJGAMQC SK?B?QT?​PGŠ​TCGQQ?LES”​LC?QK?GQ¤L?KCLRCPCESJ?B?Q ?JA?L?B?"MK?PCQNMQR?
    ?MCVCPA”AGM?ESBM QCSK?NCQQM?GLECPCA?P@MGBP?RM MSA?P@MGBP?RMCNPMRC”​L??LRCQC?N™QMCVCPA”AGM ?GLQSJGL?NMBC
    ?SKCLR?P KMQRP?LBMMGKN?ARMB?QA?JMPG?QCBMA?P@MGBP?RML?QAMLACLRP?CQQ?LES”​LC?QBCGLQSJGL?3?K@KBCTC
    QCPJCK@P?BMOSC?GLQSJGL?NMBCBCQCKNCLF?PSKN?NCJNMRCLRCL?Q”LRCQCBCNPMRC”​L?Q OSCCQRGKSJ?B?NCJ?GLECQRŽM
    BCLSRPGCLRCQ
    "MKMRPCGL?KCLRM MQRCAGBMQ ?JTMQCRMPL?KK?GQQCLQ”TCGQ?MQCDCGRMQB?GLQSJGL?C?PCQGQR‘LAG?GLQSJGL?PCBSXGB?
    4K? T?PGCB?BC BC KCA?LGQKMQ KMJCASJ?PCQ DMG NPMNMQR? N?P? CVNJGA?P CQQCQ CDCGRMQ 3?K@K DMG KMQRP?BM OSC M
    CVCPA”AGM APšLGAM BC GLRCLQGB?BC K?GMP BCKMLQRPMS K?GQ @CLCD”AGMQ NCPK?LCLRCQ N?P? ?Q ?CQ B? GLQSJGL? OS?LBM
    AMKN?P?BMAMKMCVCPA”AGMBCGLRCLQGB?BC@?GV??KMBCP?B? KCQKMCK?BSJRMQK?GQTCJFMQ 9ML?QBCRPCGL?KCLRM
    BC KCLMP GLRCLQGB?BC BCKMLQRP?P?K CDCGRMQ BC RPCGL?KCLRM KCLMQ CQRŠTCGQ  KCJFMP? L? A?NR?ŽM BC EJGAMQC NCJM ​
    KžQASJM NMBC CQR?P PCJ?AGML?B? AMK ?B?NR?CQ FCKMBGL‹KGA?Q  AMLRCž​BM ACJSJ?P ?SKCLR?BM B?Q NPMRC”​L?Q BMQ
    AMKNMLCLRCQ BC QGL?JGX?ŽM C B?Q KMJASJ?Q LCACQQŠPG?Q N?P? M RP?LQNMPRC C M KCR?@MJGQKM B? EJGAMQC  GLQSJGL?
    R?K@KRCKSK?GL​¥S‘L ^G?QGELG¤A?LRCLM?L?@MJGQKMNPMRCGAMNCJMQQGL?GQKMBSJ?BMQNCJMQA?P@MGBP?RMQ%MGKMQRP?BM
    OSCMRPCGL?KCLRMBCDMP?KCJFMP??DSLŽM​KSQASJ?P @CKAMKM?QCLQG@GJGB?BCGLQSJGL?BMAMPNMGLRCGPM KCQKMCK
    GL​BG​T”​BSMQAMKBG?@CRCQRGNM 
    $KSK?PCTGQŽMAJŠQQGA?QM@PCMQCDCGRMQB?GLQSJGL? 'M +MA?X?PC&MMBWC?PAMLAJS”​P?KMQCESGLRC
     3?LRMMCVCPA”AGMOS?LRM?GLQSJGL?CQRGKSJ?KM?SKCLRMBMRP?LQNMPRCBCEJGAMQC MKCR?@MJGQKMBCEJGAME‘LGMC?
    Q”LRCQCBCNPMRC”​L?QC?HSB?K?KCBG?PMQ?SKCLRMQCKKBGMNP?XMBMR?K?LFM​KSQASJ?P
     $QQCQCDCGRMQQŽMKCBG?BMQNMP?K@MQMQRGNMQBCTG?QBCQGL?JGX?ŽM ?QAMKSLQC?QLMT?Q
     $DCGRMQ?BGRGTMQBMCVCPA”AGMCB?GLQSJGL?L?PCESJ?ŽMBMKCR?@MJGQKMGL​RCP​KC​BGŠ​PGMCPCQNMQR?Q?B?NR?RGT?QRCKSK
    ?KNJMGKN?ARMR?LRML?Q?ž​BCOS?LRML?BMCL​?
     $LOS?LRM M RPCGL?KCLRM BC CVCPA”AGMQ NMBC PCQSJR?P CK KCJFMP?Q LM BCQCKNCLFM  M RPCGL?KCLRM APšLGAM R?K@K
    NMBCNPCTCLGPMSPCTCPRCP?QBC¤AG‘L ^G?QKCR?@™JGA?QM@QCPT?B?QCKAMLBGCQAMKMMBG?@CRCQRGNM

    =t?5F=2E:C6@:56
    "MKMTGQRM?LRCQ ?EJ‹LBSJ?RGPCMGBCQCAPCR?MQFMPKšLGMQRGPCMGBG?LMQRGPMVGL? MS3CRPG GMBMRGPMLGL? MS3 OSC
    QŽM AMD?RMPCQ TGR?GQ N?P? SK? EP?LBC OS?LRGB?BC BC PC?CQ @GMOS”​KGA?Q LM AMPNM OSC KCBCG?K ? DSLŽM ¤QGMJ™EGA? .
    GMBCRM  LCACQQŠPGM N?P? ? Q”LRCQC BCQQCQ FMPKšLGMQ /?P? M@RCP ? OS?LRGB?BC BC GMBCRM LCACQQŠPG? L? BGCR?  CJC CQRŠ
    BGQNML”TCJ CK KSJRGTGR?K”LGAMQ C  K?GQ AMKSKCLRC   ?BGAGML?BM ?M Q?J BC KCQ? .Q FMPKšLGMQ RGPCMGBG?LMQ
    BCQCKNCLF?K SK N?NCJ LM ?SKCLRM B? R?V? KCR?@™JGA? @?Q?J  C QŽM GKNMPR?LRCQ N?P? PC?CQ BC Q”LRCQC NPMRCGA?
    ?SKCLR?LBM MQ CDCGRMQ B? ?BPCL?JGL? LM L”TCJ BMQ PCACNRMPCQ @CR? ?BPCLPEGAMQ C BCQCKNCLF?LBM DSLCQ TGR?GQ N?P? M
    APCQAGKCLRM C M BCQCLTMJTGKCLRM B?Q AJSJ?Q FSK?L?Q . 3 BCQCKNCLF? N?NCJ GKNMPR?LRC ?HSB?LBM ? KCBG?P ?Q
    KSB?L?Q L? DSLŽM A?PBGMT?QASJ?P  AMKM M ?SKCLRM BC B@GRM A?PB”?​AM C B? DPC​OS‘LAG? PCQNGP?R™PG? 2CS N?NCJ LM
    KCR?@MJGQKM  CVCKNJG¤A?BM NCJ?Q NCQQM?Q OSC QŽM YFGNMRGPC™ dBC?Q^  MS QCH?  ?OSCJ?Q ASH? EJ‹LBSJ? RGPCMGBC LŽM NPMBSX
    FMPKšLGMQ RGPCMGBG?LMQ QS¤AGCLRCQ . KCR?@MJGQKM  ?JCLRCAGBM QGELG¤A?RGT?KCLRC LCQQ?Q NCQQM?Q  C  M@QCPT?BM E?LFM
    GLBCTGBMBCNCQM CLRPCMSRPMQKSGRMQQGLRMK?Q

    $2(.4(52156$5($'$26$_g(5'1(9(4&b&,1
    Q PCQNMQR?Q GLBSXGB?Q NCJM CVCPA”AGM ?ESBM CK 3 C 3 KSGR?Q TCXCQ LŽM QŽM AMLQGQRCLRCQ  SK? TCX OSC ?JESLQ
    CVNCPGKCLRMQLŽMM@QCPT?P?KKSB?L?QCKPCJ?ŽM?MPCNMSQMGLBSXGB?QNCJMCVCPA”AGM  CLOS?LRMMSRPMQM@QCPT?P?K
    AMLACLRP?CQQ?LES”​LC?Q?SKCLR?B?QBMQFMPKšLGMQRGPCMGBG?LMQAMKGLRCLQGB?BCQBCCVCPA”AGM?CP™@GMK?GMPCQBMOSC
     BM AMLQSKM KŠVGKM BC MVGE‘LGM  Q P?XCQ N?P? CQQ?Q BGDCPCL?Q NMBCK QCP NMP A?SQ? BC KSGR?Q BGDCPCL?Q
    CVNCPGKCLR?GQ#CKMBMQCKCJF?LRC BSP?LRCMCVCPA”AGMBCPCQGQR‘LAG? LCLFSK?KSB?L?QGELG¤A?RGT?DMGM@QCPT?B?L?Q
    AMLACLRP?CQQ?LES”​LC?QBCFMPKšLGMQRGPCMGBG?LMQ
    QKSGR?QBGQAPCN‹LAG?QCLRPCMQCQRSBMQDMP?K?NMLR?B?QCKNMP*PMRIGCUQIG,;(3 MQOS?GQBGQQCP?KOSCY?
    D?JR?BCAMLAMPB‹LAG?CLRPCMQRP?@?JFMQNPTGMQBCTGB?NPMT?TCJKCLRCQBGDCPCL?QKCRMBMJ™EGA?Q HŠOSCCQQCQKRMBMQ
    QŽM K?GQ MS KCLMQ QCLQ”TCGQ  GLRCPDCP‘LAG? BMQ ŠAGBMQ EP?VMQ C ?MQ FMPKšLGMQ RGPCMGBG?LMQ  KSB?LBM BGDCPCLAG?JKCLRC
    BSP?LRCMRP?@?JFM?ESBM ?LRCQCBCNMGQBMRPCGL?KCLRMD”QGAM BSP?ŽMBMCQRSBMR?K@KNMBCQCPGKNMPR?LRC QCLBM
    RP‘QKCQCQKSGRMNMSAMN?P??JA?L?PMCOSGJ”@PGMB?FMKCMQR?QG?B?RGPCMGBC^
    JK BGQQM  ? AMLACLRP?ŽM NJ?QKŠRGA? NMBC LŽM QCP PCNPCQCLR?RGT? B? A?NR?ŽM C BM SQM BMQ FMPKšLGMQ LMQ
    @GMAMKN?PRGKCLRMQOSCCQRŽMCLTMJTGBMQL?QPC?CQKCR?@™JGA?QC@GMOS”​KGA?QQMDPGB?QNCJMQFMPKšLGMQRGPCMGBG?LMQ

    @C>€?:@A2C2E:C6@:5:2?@
    .FMPKšLGMN?P?RGPCMGBG?LM/3' MSN?P?RMPKšLGM QCAPCR?BMNCJ?QEJ‹LBSJ?QN?P?RGPCMGBCQ OSCCQRŽMJMA?JGX?B?QL?
    QSNCPD”AGC B? EJ‹LBSJ? RGPCMGBC $QQC FMPKšLGM CQRGKSJ? M ?SKCLRM B?Q AMLACLRP?CQ BC AŠJAGM LM Q?LESC #C K?LCGP?
    MNMQR?  ? A?JAGRMLGL? SK FMPKšLGM NPMBSXGBM NCJ?Q AJSJ?Q N?P?DMJGASJ?PCQ B? EJ‹LBSJ? RGPCMGBC  ?EC N?P? BGKGLSGP ?
    AMLACLRP?ŽMBCAŠJAGM./3'GL¥SCLAG?@?QGA?KCLRCRP‘QPC bGCQ ?JTMN?P??SKCLR?PMAŠJAGMAGPASJ?LRC MMQQM BC
    MLBCCJCJG@CP?AŠJAGMBCSKEP?LBCCQRMOSC MPGK MLBCCJC?SKCLR??PC?@QMPŽM?RGT?BCAŠJAGMC MQGLRCQRGLMQ
    MLBCCJC?SKCLR??@QMPŽMBCAŠJAGM?MCJCT?P?NPMBSŽMBCTGR?KGL?#CPCESJ?PNMQGRGT?KCLRC?QCLXGK?Q AF?TCLCQQC
    NPMACQQM./3'PCESJ?BMNMPSKQGQRCK?BCPCRPM?JGKCLR?ŽMLCE?RGT?CKOSCAMLACLRP?CQBCAŠJAGM?SKCLR?B?Q
    PCQSJR?KCKBGKGLSGŽMB?NPMBSŽMBMFMPKšLGM
     PCAGPASJ?ŽM  GKNMPR?LRC N?P? M NPMACQQM BC PCKMBCJ?KCLRM BM MQQM $QQC NPMACQQM CLTMJTC ? PC?@QMPŽM  OSC  ?
    BCQRPSGŽM LMPK?J BM MQQM NCJMQ MQRCM​AJ?QRMQ C ? JG@CP?ŽM BM AŠJAGM N?P? M Q?LESC . /3' CQRGKSJ? GLBGPCR?KCLRC MQ
    MQRCM​AJ?QRMQ  HŠ OSC CJCQ LŽM R‘K PCACNRMPCQ  GL¥SCLAG?LBM MQ NPCASPQMPCQ BMQ MQRCM^J?QRMQ . /3' QC JGE? ?MQ MQRCM*
    @J?QRMQ  ?Q AJSJ?Q PCQNMLQŠTCGQ NMP NPMBSXGP M MQQM $QQC NPMACQQM  GKNMPR?LRC N?P? M PCN?PM BC MQQMQ B?LG¤A?BMQ NMP
    CQRPCQQC C JCQCQ BM BG? ? BG? BGAGML?JKCLRC  M KMBCJ?KCLRM ™QQCM  SK NPMACQQM TGR?J  OSC PCOSCP M CVCPA”AGM N?P?
    K?LRCPMS?SKCLR?P?BCLQGB?BCKGLCP?J™QQC?

    $2(.4(52156$5($'$26$_g(5'1(9(4&b&,1
    "MKMCVCPA”AGMBCK?GMPGLRCLQGB?BC MAMPPCPŽM?SKCLRMQL?QAMLACLRP?CQQ?LES”​LC?QBC/3' APCBGRMS QCOSCGQQM
    QCPG?NMPA?SQ?B?BGKGLSGŽMBCAŠJAGMCBMGKN?ARMQM@PCMPCKMBCJ?KCLRM™QQCM3?K@KDMGM@QCPT?BMOSCKCQKMM
    CVCPA”AGMKMBCP?BM?JMLEMNP?XMN?PCAC?SKCLR?PM/3' K?QAMKPCJ?RGT?KCLRCNMSA?QKSB?L?QL?QAMLACLRP?CQ
    BCAŠJAGM RMPL?LBMGLACPRMQQCSQCDCGRMQ?JMLEMNP?XMLMMQQM2SECPC QCOSCMCVCPA”AGMNCQ?BMBCPCQGQR‘LAG?QCH?SK
    RGNMC¤AGCLRCBCCVCPA”AGMN?P?DMPR?JCACPMQMQQMQNMPOSCCJC?DCR?M/3'C?FMKCMQR?QG?™QQC?$QQ?QGLRCPTCLCQQŽM
    GKNMPR?LRCQN?P?MAMK@?RC?MCLDP?OSCAGKCLRM™QQCMNCJMCLTCJFCAGKCLRMC?MQRCM​NMPMQC @CKAMKMN?P?NPCTCLGP?
    BCRCPGMP?ŽM™QQC?EP?TCAMKMTMMCQN?AG?JC?CVNMQGŽMKGAPMEP?TGB?BC!MVC 

    <?02C>302><?4C8sr>=0BA4B?>BC0B4=3{2A8=0B

    /CLQC QM@PC ? CVAGR?ŽM ¤QGMJ™EGA? OSC MAMPPC CK ?RJCR?Q ?LRCQ BM GL”AGM BC SK HMEM MS BC SK? N?PRGB? GKNMPR?LRC Q
    EJ‹LBSJ?Q CLB™APGL?Q CQRŽM @?QR?LRC CLTMJTGB?Q AMK CQQC DCLšKCLM BC CVAGR?ŽM  K?GQ LMR?TCJKCLRC ? ?BPCL?JGL? .
    DCLšKCLMBCJSR?MSDSE?NMBCRCPSKAMKNMLCLRCNQGAMJ™EGAMGKNMPR?LRC CQNCAG?JKCLRCOS?LBMM?RJCR?Q?@CMOSCCQRŠ
    NMPTGP$KSKRMPLCGMB?"MN?#?TGQ DMP?KCLAMLRP?B?QAMLACLRP?CQBC?BPCL?JGL?BP?QRGA?KCLRCK?GMPCQBMOSC
    ?OSCJ?QBMRPCGL?KCLRM QQGK MQ?RJCR?QR‘KBCJGB?PAMKSK?K@GCLRCAMKNCRGRGTMOSC@?QR?LRCBGDCPCLRCBMRPCGLM
    3PCGL?BMPCQC?RJCR?QRCLR?P?KCQRGKSJ?P?CLRŽMAF?K?B?YQCLQ?ŽMBCHMEM^AMK?CVNMQGŽMBMQ?RJCR?Q?MRPCGL?KCLRM
    CK AMLBGCQ QCKCJF?LRCQ OSCJ?Q B? AMKNCRGŽM OSG  MLBC ? CVNCPG‘LAG?  GKNMPR?LRC  NMPOSC SK? TCX OSC MAMPPC
    SK?OSCB?BPŠQRGA?B??BPCL?JGL? BGD”AGJTMJR?PN?P?MYJGKGRC^
     AMKNCRGŽM NMBC A?SQ?P R?LRM ? ?LQGCB?BC OS?LRM ? CVAGR?ŽM NMP A?SQ? B? GLACPRCX? CK PCJ?ŽM ?M PCQSJR?BM
    SKCLRMQBCA?RCAMJ?KGL?Q GLAJSGLBM??BPCL?JGL? JCT?K?SKCDCGRM?BPCLPEGAMAMPNMP?JRMR?JOSCR?K@K?SKCLR?
    MSRPMQFMPKšLGMQ AMKM?RCQRMQRCPML?ZOSCDMGPCJ?AGML?B?AMK??EPCQQGTGB?BCCKFMKCLQZ@CKAMKMMAMPRGQMJ

    ,4&   <
    ;<-787:7;-
    MQRCM​NMPMQCSK?BMCL​?CKOSC?BCLQGB?BCKGLCP?J™QQC?PCBSXGB? JCT?LBM?SKPGQAMK?GMPBCDP?RSP?
    MQRCM​NMPMQCAF?K?B?DPCOSCLRCKCLRCBCYBMCL​?QGJCLAGMQ?^NMPOSCQCSQQGLRMK?QLŽMQŽM?N?PCLRCQ?ROSCMGL​
    BG​T”​BSMOSC@PCBCD?RMSKMQQM EP?TGB?BCB?BMCL​?QCRMPL?CTGBCLRCOS?LBMSKMQQMOSC@P?BMJCT??BC¤AG‘L*
    AG? BMPCNCPB?B?GLBCNCLB‘LAG?"CPA?BCBMAŠJAGMAMPNMP?JCQRŠ?PK?XCL?BMLMQMQQMQ#CQQ?K?LCGP? MQ
    N?NG​QOSCMFMPKšLGMN?P?RGPC™​GBCMC?A?JAGRMLGL?BCQCKNCLF?KL?K?LSRCLŽMBMQL”TCGQAGPASJ?LRCQBCAŠJAGM
    GL¥SCLAG?KMPCKMBCJ?KCLRM™QQCM ?BCLQGB?BC™QQC?C CKžJRGK??LŠJGQC MPGQAMBCNMQQGTCJKCLRCBCQCLTMJTCP
    MQRCM​NMPMQC QC?BCLQGB?BC™QQC?PCBSXGB?.N?P?RMPKšLGM?SKCLR?MAŠJAGML?AMPPCLRCQ?LES”​LC??MBGQN?P?P?
    JG@CP?ŽM BM AŠJAGM BM MQQM  ?SKCLR?P ? PC?@QMPŽM BC AŠJAGM NCJMQ PGLQ C ? ?@QMPŽM BC AŠJAGM NCJM GLRCQRGLM /MP
    MSRPMJ?BM ?A?JAGRMLGL?BGKGLSGMQL”TCGQQ?LES”​LCMQBCAŠJAGM?MCQRGKSJ?PM?PK?XCL?KCLRMLMMQQMC?SKCLR?P?
    CVAPCŽMBCAŠJAGMNCJMQPGLQ FMKCMQR?QG?BCQQCQBMGQFMPKšLGMQ AMKDSLCQMNMQR?QL?K?LSRCLŽMBMAŠJAGM
    LM MQQM C L? BCLQGB?BC ™QQC?  BCQCKNCLF? ?QQGK SK N?NCJ LM NMQQ”TCJ BCQCLTMJTGKCLRM BC MQRCM​NMPMQC /?P?
    KGLGKGX?PMPGQAMBCBCQCLTMJTCP?BMCL​? PCAMKCLB?BMOSC?QNCQQM?QAMLQSK?KSK?BGCR?AMKOS?LRGB?BCQBC
    AŠJAGM?BCOS?B?Q ?JKBCNPMRC”​L? D™QDMPM TGR?KGL?#CTGR?KGL?*OSCK?LRCLF?SKNCQMAMPNMP?JQ?SBŠTCJC
    OSCQCH?KPC?​JG​X?BMQCVCPA”AGMQBCJCT?LR?KCLRMBCNCQMQ

    012%,%&$"0,

    6<
    5MA‘SKRPCGL?BMPBC@CGQC@MJCKSK?SLGTCPQGB?BCGKNMPR?LRCCRCKRP?@?JF?BMAMK?COSGNCNMP?LMQ5MA‘
    CQRŠ GKNPCQQGML?BM AMK BMGQ BMQ QCSQ KCJFMPCQ HME?BMPCQ OSC PC?JKCLRC R‘K NMRCLAG?J N?P? ? NPM¤QQŽM "CPRM BG?
    QCLR?BM L? A?BCGP? BC QCS CQAPGR™PGM  TMA‘ CQR?T? NCLQ?LBM L?Q A?PPCGP?Q BC A?B? HME?BMP "MKM MQ NPGLAGN?GQ
    PCAPSR?BMPCQ CQRŽM TGLBM L? NP™VGK? QCK?L?  TMA‘ CQRŠ PCSLGLBM ?Q CQR?R”QRGA?Q BMQ HME?BMPCQ  GLAJSGLBM ?JESLQ
    PCQSJR?BMQQM@PCQS?QDMP?QCQCSQAMLBGAGML?KCLRMQ.)MFLDCXSKNPMEPCQQMK?PA?LRCCKPCJ?ŽM?QS?A?PPCGP?LM
    CLQGLMKBGM R?LRMCKDMP?OS?LRMCKNMR‘LAG? K?QDMGLMR?TCJKCLRCKCLMQBMOSCDCX!?PRML OSCLMQžJRGKMQ
    ?LMQRCTCSKE?LFMBCNCQMBCOSGJMQCSK??QACLQŽML?KBG?B?QS?@?RGB?CL?NPMBSŽMBC/64,9<5:$JCLSLA?
    ?NPCQCLRMSSKRCQRCBCJ?@MP?R™PGMNMQGRGTMN?P?OS?JOSCPKCBGA?KCLRMBSP?LRCQS?A?PPCGP? CSK?RJCR?@?QR?LRC
    BCBGA?BM L? Q?J? BC NCQMQ "MK RMB? ? AMLRPMTPQG? QM@PC M SQM BC QS@QR‹LAG?Q ?L?@MJGX?LRCQ  MQ M@QCPT?BMPCQ CQRŽM
    GK?EGL?LBMQCGQQMQCPG?SKNPM@JCK?MSQCSKAPCQAGKCLRMLMPK?J/CLQ?LBMLMQQCSQCQRSBMQOS?LBMEP?BS?LBM
    BMžJRGKM?LM TMA‘OSCPB?PK?GQSK?MJF?B?CK?JESK?QOSCQRCQ

    A
     "MM?NCJI>?=L?M=CG?HNIŒJIMMP?FJ;L;OGDIA;>IL>?<?CM?<IFOHCP?LMCN†LCI
     ,KO??F?JI>?LC;?MN;LNIG;H>IKO?HŠIM?D;>?N?=N†P?FHI'("& 
     &MMIM?>?P?‰HONLC‹ŠIM•FC>;?;INL?CH;G?HNIJLI@OH>I
     ,MI<M?LP;>IL?MKO?L?GM;<?LM??F??MN†NIG;H>I;FAOG;MO<MN‡H=C;
    D†KO?;MMCGM?LC;G?FBIL?M=IFB?L
    M?O=IF?A;>?NCG? ,KO?PI=J?HM;

    9A
    IGIL?W?RI
    ?MM?AL;H>?A;HBI>?J?MIHŠI>?P?LC;L?KO?L?LN;G<ŒG;FAOGA;HBI>?;FNOL;3I=F?G<L;
    KO? IM HP?CM =L?M=?HN?M >? N?MNIMN?LIH; ? >? ?MNL;>CIF L?AOF;G JIMCNCP;G?HN? I BCJIN†F;GI ? ; BCJ•VM? >?
    GI>I NL;HMC?HN? J;L; JLI>OTCL G;CM $% &$# &
     KO? ?MNCGOF;G I =L?M=CG?HNI ;<LOJNI =;L;=N?LMNC=I >;
    ;>IF?M=H=C; *;M
    ;J•M;FAOHM;HIM
    ?MM?MBILG–HCIMM?RO;CM@;T?G=IGKO?;M?JVM?M>IMIMMIMFIHAIMM?
    @OH>;G?I=L?M=CG?HNIFCH?;L=B?AO?;IVG ;LNIH
    >?@;NI
    =L?M=?O;FAOHM=?HNG?NLIM>OL;HN?IMšFNCGIM
    ;HIM?>?M?HPIFP?O<;L<; FŒG>CMMI
    P†LCIM;NF?N;MNGNIG;>IIMOJF?G?HNI=L?;NCH; "MM?M@;NIL?MF?P;G
    PI=;=IH=FOCLKO??F?MI@L?OOG=L?M=CG?HNI;<LOJNIN;L>CI
    KO?;DO>IOHIM?O;OG?HNI>?N;G;HBI=ILJIL;F
    FŒG >CMMI
     ; >?>C=;‹ŠI >? ;LNIH H; M;F; >? J?MIM F?P; PI= ; =IH=FOCL KO? ?F? JLIP;P?FG?HN? HŠI ?MN†
    ONCFCT;H>IH?HBOG;;DO>;?LAIAHC=;CF?A;F

    6<
    5MA‘MRALGAMBCR‘LGQBCSK?CQAMJ?BCCLQGLMKBGMCMCQNCAG?JGQR?CKDMP?CAMLBGAGML?KCLRMB?CQAMJ?JFC
    NCBGSN?P?CQAMJFCP?FMP?OSCTMA‘OSCPRPCGL?PQCSQ?RJCR?QN?P?MNPMEP?K?BCDPG?Q.QCSRCKNMBCRPCGLMBCR‘LGQ
    RCKQGBMCLRPCCF RMBMQMQBG?Q C?QOS?BP?QBCR‘LGQGLRCPL?QCQRŽMBGQNML”TCGQ?NCL?QLCQQCFMPŠPGMBSP?LRC
    MQKCQCQBCGLTCPLM
    A
     .O?IONLIM@;NIL?MJ?M;GH;MO;=IHMC>?L;‹ŠIMI<L?IBIL†LCI>I>C;J;L;NL?CH;LG?FBILM?OM;NF?N;M
     "RCMN?OGJ?LI​>I•NCGI>I>C;J;L;NL?CH;LIM>C@?L?HN?M?F?G?HNIM>;JL†NC=;>?NHCMJ;L;;M;NCPC>;>?M>?
    @IL‹;?>?=IH>C=CIH;G?HNI0?MCG
    JIL​KO
     .O?J?LI​>I>I>C;PI=>?=C>CO?M=IFB?LJ;L;NL?CH;L

    9A
    3I= M? F?G<L; >I M?O ?HN?H>CG?HNI <†MC=I >IM =C=FIM =CL=;>C;HIM ? KO? GOCNIM BILG–HCIM NG =C=FIM
    =CL=;>C;HIMKO?;@?N;G;G;AHCNO>?>?MO;ML?MJIMN;M;I?R?L==CI>OL;HN?J?LI​>IM>C@?L?HN?M>I>C; FAOHM
    BILG–HCIM=IG?‹;GG;CM<;CRIMJ?F;G;HBŠ?;F=;H‹;GIJC=IG;CMN;L>?>OL;HN?I>C;IO‰HICN? "HNL?N;HNI

    PI=M?F?G<L;>?KO?H?HBOG?MNO>I>?GIHMNLIOB;P?LOGJ?LI​>I>I>C;J;L;NL?CH;L;G?HIMKO?I=C=FI
    MIHI PCAFC;;@?N?;KO;FC>;>?>INL?CH;G?HNI  IHNO>I
    B†CH>=CIM>?KO?I>?M?GJ?HBI;F=;H‹;M?OJC=IH;
    JIL‹ŠIVH;F>;G;HBŠ?HICH=CI>;N;L>? ,M?ONL?CH;G?HNI?MN†G;L=;>IJ;L;IVH;F>;N;L>?
    KO?ŒKO;H>I
    I>?M?GJ?HBIJI>?;F=;H‹;LM?OJC=I?HŠI>?P?M?L;@?N;>IJ?FI=C=FIMIHI PCAFC; -ILN;HNI
    PI=>?=C>?KO?
    IBIL†LCI?MN†G;L=;>I?GOG<IGJ?LI​>I>I>C;

    6<
    "MKMSK7,9:65(3;9(05,9 TMA‘?A?@MSBCAMKNJCR?PSKAGAJMBCRPCGL?KCLRMBCPCQGQR‘LAG?AMKQCSAJGCLRC$JC?EMP?
    NMP BGTCPQŽM  OSCP N?PRGAGN?P BC SK AMLASPQM ?K?BMP BC ¤QGASJRSPGQKM JGTPC BC KCBGA?KCLRMQ CK  KCQCQ  L?
    ?A?BCKG?B?AGB?BC5MA‘RP?@?JF?AMKCJCFŠ?LMQCQS?DMP?@?QR?LRC@M?CQCSR?K?LFM​KSQASJ?P NMPA?SQ?BMQ
    CVCPA”AGMQ K?GQ NCQ?BMQ  CQRŠ RŽM @MK OS?LRM NMBC ¤A?P  BM QCS NMLRM BC TGQR? $LRPCR?LRM  ? ¤K BC Q?RGQD?XCP ?Q
    BCK?LB?Q N?P? BC¤LGŽM h SQASJ?P  TMA‘ Q?@C OSC M NPMEP?K? BCJC BCTC QCP ?JRCP?BM N?P? ?NCPDCGMŠ *J?Q CLOS?LRM
    PCRKQCSR?K?LFM​KSQASJ?P.@TG?KCLRC CQQ?AMKNCRGŽMJGTPCBCKCBGA?KCLRMQ ?QQGK TMA‘QCNCPESLR?QCNMBC
    APG?P SK NPMRMAMJM BC RPCGL?KCLRM BC PCQGQR‘LAG? OSC CQRGKSJ?PŠ ? NCPB? BC EMPBSP? QS@ASR‹​LC? C GPŠ KCJFMP?P ?
    BC¤LGŽMh SQASJ?P

    A
     .O? NCJI >? JLINI=IFI ? ?R?L==CI JI>?LC; M?L ?MM? ? =IGI ; >C?N; JI>?LC; CHN?L;ACL =IG ?MM? NCJI >?
    JLIAL;G;
     .O? IONL;M =IHMC>?L;‹™?M PI= >?P?LC; @;T?L H?MM? JLI=?MMI >? N?HN;L ;F=;H‹;L ; >?VHC‹ŠI d
    OM=OF;L J;L;
    ?MM;=IGJ?NC‹ŠI>?VMC=OFNOLCMGI

    9A
    3I=M?F?G<L;>?KO?
    =IGINL?CH;G?HNICHN?HMI
    B†=IH=?HNL;‹™?MG;CIL?M>?GOCNIMBILG–HCIM;H;<•FC=IM

    =IGI I BILG–HCI >I =L?M=CG?HNI  0ŠI ?MM?M BILG–HCIM KO?


     DOHNI =IG OG; N;R; G?N;<•FC=; G;CIL
     JI>?G
    ?MNCGOF;L I OMI G;CIL >; AIL>OL; HI G?N;<IFCMGI =IGJ;L;>; =IG ;M L?MCMNH=C;M G;CIL?M ? M?OM N?GJIM
    H?=?MM†LCIM>?CHN?LP;FIG;CIL?M?HNL?;MMŒLC?M 3I=>?=C>?@;T?L=IGKO?M?O=FC?HN?L?;FCT?OGJLIAL;G;>?
    CHN?HMC>;>? GI>?L;>;
     =IG AL;H>? PIFOG? M?MM™?M GšFNCJF;M >? =?L=; >?  L?J?NC‹™?M  "MM? JLIAL;G; >?
    ?R?L==CIM
     =IG OG; >C?N; >? L?MNLC‹ŠI =;F•LC=; GI>?L;>;
     I ;DO>;L† ; ;F=;H‹;L ; ;J;LH=C;​GOM=OF;L KO? ?MN†
    JLI=OL;H>I

    ! 

    %D:DE6>26?54C:?@6DEs6?G@=G:5@4@>26I4:E2wv@2?E6D524@>A6E:wv@
    D6=6G2w‚6D5642E64@=2>:?2D=6G2>2F>676:E@25C6?xC8:4@4@CA@C2=E@E2=
    F>6?E@D9@C>@?2:DDv@:>A@CE2?E6DA2C2@AC@46DD@AC6A2C2EC:@2?E6D5@6I6C4{4:@@F524@>A6E:wv@
    'F2?E@>2:D:?E6?D2D2D56>2?52D7{D:42D>2:@C6D@D2;FDE6DAC6A2C2EC:@D

    SKCLRMQ CK KSGRMQ BMQ FMPKšLGMQ QŽM GKNMPR?LRCQ N?P? KM@GJGX?P MQ QS@QRP?RMQ CLCPERGAMQ Q BCK?LB?Q D”QGA?Q
    QS@QCOSCLRCQ JKBGQQM ?SKCLRMQBM¥SVMQ?LES” i CM B?NPCQQŽM?PRCPG?JC?NPMLRGBŽMN?P??QAMLRP?CQh SQASJ?mCQN
    CV K?GQ?BPCL?JGL?JGE?B??MQPCACNRMPCQb ?BPCLPEGAMQLMPCR”ASJMQ?PAMNJ?QKŠRGAMN?P??SKCLR?P?Q?”​B?BC"? QŽM
    N?PRCBMNPMACQQMNPCN?P?R™PGM?LRCQBMCVCPA”AGMMSB?AMKNCRGŽM0S?LRMK?GQGLRCLQ?Q?QBCK?LB?QD”QGA?QMS?BMPBM
    CVCPA”AGMMSB?AMKNCRGŽMNCV SK?JSR? SK?AMPPGB?BCK K?GMPCQMQ?HSQRCQNPCN?P?R™PGMQOSCNMBCKMAMPPCP
    CLRPC  F C  KGL ?LRCQ BM CTCLRM MS B? ?RGTGB?BC (LBGT”BSMQ LŽM RPCGL?BMQ OSC LŽM CQRŽM ?AMQRSK?BMQ ?M CVCPA”AGM
    TCCK?QAMLACLRP?CQBC?BPCL?JGL??SKCLR?PFMP?Q?LRCQBMCVCPA”AGMJCTC?KMBCP?BM JKBGQQM 3F?PGML,;(3
    BCKMLQRP?P?KOSCRP?@?JFMQBCRPCGL?KCLRMAMKNCQMQCKGLRCPT?JMQASPRMQAMKA?PE?QBC1,NPMBSXCK?LQGCB?BCC
    ?EPCQQGTGB?BCK?GMPCQ?LRCQBMRP?@?JFM3SBMGQQMD?XN?PRCBMNPMACQQMBCCVAGR?ŽMOSCRPCGL?BMPCQ 7,9:65(3;9(05,9:C
    AGCLRGQR?QBCTCKPCAMLFCACPCQ?@CPJGB?P

    #% @$%

    . QGQRCK? CLB™APGLM  SK BMQ QGQRCK?Q K?GQ GKNMPR?LRCQ BM AMPNM  KCBG?LBM OS?QC RMB? ? DSLŽM ¤QGMJ™EGA? "MK M
    CQRPCQQC BM CVCPA”AGM ?ESBM C BM RPCGL?KCLRM APšLGAM BC CVCPA”AGMQ  M QGQRCK? CLB™APGLM CLTG? GLDMPK?CQ BC QGL?GQ
    GKNMPR?LRCQ N?P? K?LRCP ? FMKCMQR?QG? C Q?RGQD?XCP ?Q BCK?LB?Q BM CQRPCQQC BM CVCPA”AGM C B? PCASNC​P?ŽM QQGK
    CLRCLBCP?JESLQBCQQCQ?QNCARMQ@ŠQGAMQBMQGQRCK?CLB™APGLMTGR?JN?P?MCLRCLBGKCLRMB?CQNCAG¤AGB?BCBMCQRPCQQCBM
    CVCPA”AGM?ESBMCB?Q?B?NR?CQAPšLGA?Q?MQTŠPGMQRGNMQBCRPCGL?KCLRMQ

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    .FMPKšLGMBMAPCQAGKCLRMQGLRCRGX?BMCQCAPCR?BMNCJ?QAJSJ?QAF?K?B?QBC=========L??BCLM FGN™¤QC
    =========?NPCASPQMP?B?b CLBMP¤L?CBCTŠPGMQMSRPMQNCNR”BGMQ@GM?RGTMQQCAPCR?BMQNCJ??BCLM FGN™¤QC
    .QFMPKšLGMQCQRCPMGBCQQŽMRMBMQBCPGT?BMQBM=========CR‘KMKCQKM?LCJCQGQRCK?BCLSKCP?ŽM?RšKGA?BC
    =========
     #SP?LRCMN?PRM ?JG@CP?ŽMBMFMPKšLGM=========BGQN?P?B?NCJ?CQRGKSJ?ŽMACPTGA?JCT?EGL?JBMDCRMCKSK?
    ?J? BC PCRPM?JGKCLR?ŽM NMQGRGT? N?P? CQRGKSJ?P ? ​KSQASJ?RSP? SRCPGL? JGQ? ? AMLRP?GP K?GQ C K?GQ TGEMPMQ?KCLRC  
    KCBGB?OSCMN?PRM?T?L? RCPKGL?LBMAMKML?QAGKCLRMBM@C@‘
     #SP?LRCMCVCPA”AGM MCQR”KSJMKCA‹LGAMB??RGT?ŽM​KSQASJ?PCB?NPMBSŽMBCDMP?A?SQ?K?JG@CP?ŽM?SR™APGL?BC
    =========CB?GQMDMPK?BC(&% AF?K?B?BC========= NCJ?Q¤@P?Qh SQASJ?mCQ
    n8@5<8-1?/;84-
    0S?JB?QQCLRCL?QQCESGLRCQTCPB?BCGP?QM@PC?CVNJGA?ŽMB?K?ELGRSBCB?PCQNMQR?BMFMPKšLGMBMAPCQAGKCLRM
    ?MCVCPA”AGM
    ? 1CQNMQR?K?GMPMAMPPCOS?LBMK?GQK?QQ?​KSQASJ?PPCAPSR?B?
    @ 1CQNMQR?K?GMPMAMPPCK?GQBSP?LRC?Q?CQ​KSQASJ?​PCQCVA‘LRPGA?QBMOSCL?QAMLA‘LRPGA?Q
    A 1CQNMQR?K?GMPMAMPPCK?GQCKNPMRMAMJMQBCQPGCžLGA?BMOSCBCQPGCQKžJRGNJ?Q
    B $JCT?CQ?ESB?QK?GMPCQMAMPPCKAMKDMP?GL​BG​TG​BS?JKCLMP
    C 1CQNMQR?K?GMPMAMPPCOS?LBMKCLMQOS?LRGB?BCBCRP?@?JFMRMR?JPC?​JG​X?B?
    .QGQRCK?CLB™APGLM
    ? +G@CP?KCLQ?ECGPMQOS”​KGAMQN?P??AMPPCLRCQ?LES”​LC?N?P?BGQRPG@SGŽMNCJMAMPNM
    @ +G@CP?FMPKšLGMQOSC?JRCP?K?Q?RGTGB?BCQKCR?@™JGA?QBCKSGRMQRCAGBMQC™PEŽMQBGDCPCLRCQ
    A /PMBSXCDCGRMQOSCNMBCKBSP?PFMP?Q BG?QMS?RK?GQ
    B /MBC?JRCP?P??RGTGB?BCE‘LGA?B?QAJSJ?Q
    C 3MB?Q?QMNCQ?LRCPGMPCQ
    0S?JBMQQCESGLRCQFMPKšLGMQLŽMAJ?QQG¤A?BMAMKMSK??KGL?
    ? BPCL?JGL?
    @ ,CJ?RMLGL?
    A 3GPMVGL?3
    B -MP?BPCL?JGL?
    C &JSA?EML
     "MLQSKGPSK?PCDCGŽMBC@?PP?QBCBMACBCR?K?LFMEP?LBCCPCDPGECP?LRCBCAMJ?EP?LBCNMBCPG?D?XCPAMKOSC
    OS?JFMPKšLGMDMQQCQCAPCR?BMCKK?GMPCQL”TCGQ
    ? (LQSJGL?
    @ BPCL?JGL?
    A &JSA?EML
    B "MPRGQMJ
    C .AGRMAGL?
     0S?JBMQQCESGLRCQD?RMPCQGL¥SCLAG??BSP?ŽMC?GLRCLQGB?BCB?QKCLQ?ECLQBMQFMPKšLGMQN?P?M#- 
    ? KCG? TGB?BMFMPKšLGM
    @ BGQNMLG@GJGB?BCBMPCACNRMP
    A .QCJCKCLRMQBCBCEP?B?ŽMLM?K@GCLRC¤QGMJ™EGAM
    B $LXGK?Q
    C 3MB?Q?QMNCQ?LRCPGMPCQ
    )1>0-015>;;A2-8?;
    $K SK? ?J? BC PCRPM?JGKCLR?ŽM NMQGRGT?  ? DMPK?ŽM BM NPMBSRM NMBC PCRPM?JGKCLR?P ?Q CQRPSRSP?Q NPGKŠPG?Q N?P?
    BGKGLSGP?OS?LRGB?BCBCQCAPCŽM
    .QPCACNRMPCQBCFMPKšLGMQNCNR”BGAMQAMLR?KAMKQGQRCK?QBCQCESLBMQKCLQ?ECGPMQN?P?KCBG?PQCSQQGL?GQ?RM
    #- 
    .QEJGAMAMPRGAMGBCQ?SKCLR?KMQL”TCGQBCEJGAMQCAGPASJ?LRC
     .QFMPKšLGMQCQRCPMGBCQNMBCKCVCPACPQS?Q?CQNCJ?QGLRCP?CQBGPCR?QAMKMQCJCKCLRMQPCESJ?R™PGMQBM#- 
    $A1?@d;;.61@5B-
    #CQAPCT?MOSCAMLRPMJ??JG@CP?ŽMBCFMPKšLGMQNCJ??BCLM FGN™¤QC
    -e--/;>>1?<;:0g:/5-
    "MPPCJ?AGMLCMFMPKšLGMAMK?QS?BCQAPGŽMAMPPCR?
    =9>1 #CPGT?BMBMAMJCQRCPMJ CVCPACQS??ŽMNMPGLRCP?CQBGPCR?QAMKMQCJCKCLRMQPCESJ?R™PGMQBM
    #-

    CD5B?945 "MKNMQRM BC ?KGLMŠ​AGBMQ  CLTG? QGL?GQ GLBGPCR?KCLRC N?P? M #-  NMP GLRCP?CQ AMK MQ
    PCACNRMPCQB?KCK@P?L?NJ?QKŠRGA?CNMPKCA?LGQKMQBCQCESLBMQQGL?JGX?BMPCQKMJCASJ?PCQ

    &5@Do49? ,MBG¤A?CQBC?KGLMŠ^GBMQ

    "MPPCJ?AGMLCMRGNMBCJG@CP?ŽMFMPKML?JAMKQS?BC¤LGŽMAMPPCR?
    &1Bg3B9>1 /PMBSŽMFMPKML?JCQCAPCŽMNCJ?QEJ‹LBSJ?QL?AMPPCLRCQ?LES”​LC?N?P??EGPLMQRCAGBMQ ?JTM

    EDs3B9>1 2CAPCŽMFMPKML?JNMPSK?AJSJ?OSC?ECL?QAJSJ?Q?BH?ACLRCQ

    >4s3B9>1 2CAPCŽMFMPKML?JNMPSK?AJSJ?OSC?ECLMQPCACNRMPCQB?QSNCPD”AGCB?KCQK?AJSJ?

    #1:?-91:@;/>h@5/;
    #CQAPCT??YNSJQ?RGJGB?BC^FMPKML?J0S?J?T?LR?ECKBCQQ??ŽM
    #CQAPCT??QCAPCŽM?SR™APGL?BMD?RMPBCAPCQAGKCLRMQCKCJF?LRCGLQSJGL?NCJM​KžQASJM

    "#&

    =5>?BB591?SQ‘LAG?BMNCP”M​BMKCLQRPS?JCKKSJFCPCQ
    >12s<93?AMLQRPSŽMKCR?@™JGA?
    >4B?7m>93?:OSC<NCPRCLACQA?P?ARCP”QRGA?QQCVS?GQQCASLBŠPG?QK?QASJGL?Q
    1D12s<93?:OSC<NCPRCLACAJGT?ECKKCR?@™JGA?
    9C=5>?BB591NCP”M​BMQKCLQRPS?GQBMJMPMQMQ
    1D?B 45 3B5C39=5>D? =53h>93? T?PG?LRCQ BC :730*05. BM D?RMP BC APCQAGKCLRM QCKCJF?LRC  GLQSJGL? (&% (  JG@CP?B?Q
    NCJM​KžQASJMNMPA?SQ?BMCQRPCQQCKCA‹LGAM
    E>kj?1EDs3B9>1:PCJ?ŽM<AMKSK?QS@QR‹LAG?QCAPCR?B?NMPSK?AJSJ?OSC?ECLMQPCACNRMPCQB?QSNCPD”AGCB?KCQK?
    AJSJ?
    E>kj? 5>4s3B9>1 NPMBSŽM C QCAPCŽM BC KCLQ?ECGPMQ OS”​KGAMQ NCJ?Q EJ‹LBSJ?Q OSC QŽM BGQRPG@S”​BMQ LM AMPNM NCJ?
    AMPPCLRCQ?LES”​LC?N?P??EGPCKCKRCAGBMQ ?JTM
    E>kj?@1Bg3B9>1:OSC<NCPRCLACQS@QR‹LAG?QCAPCR?B?NMPSK?AJSJ?COSC?ECL?QAJSJ?Q?BH?ACLRCQ
    <h>4E<1EPSNMBCAJSJ?QMSK?QQ?ACJSJ?PMPE?LGX?B?OSCDSLAGML?AMKMSK™PEŽMQCAPCR?LBMQS@QR‹LAG?QOS”​KGA?Q
    ?B=t>9? QS@QR‹LAG? OS”​KGA? JG@CP?B? NMP SK? EJ‹LBSJ? LM Q?LESC N?P? GLRCP?EGP AMK SK? AJSJ? C NPMKMTCP SK?
    PCQNMQR?CQNCA”¤A?
    ?B=t>9?9>9294?BFMPKšLGMOSCDSLAGML?@JMOSC?LBM?JG@CP?ŽMBCMSRPMFMPKšLGM
    ?B=t>9?C<925B14?B5CFMPKšLGMQASH?DSLŽMNPMKMTCP?JG@CP?ŽMBCMSRPMFMPKšLGM
    #591F941 OS?LRGB?BC BC RCKNM OSC JCT? N?P? ? AMLACLRP?ŽM FMPKML?J LM Q?LESC A?GP N?P? ? KCR?BC BC QCS T?JMP BC
    NGAM
    #5>?BB1791Q?LEP?KCLRMKCLQRPS?JNPMJMLE?BM
    #5>CDBE1kj?JG@CP?ŽMNCPG™​BGA?BCQ?LESC QCAPCCQCPCQRMQRC​AG​BS?GQNCJMžRCPM OSCMAMPPCCKKSJFCPCQLŽMEPŠTGB?Q
    CKGLRCPT?JMQ?NPMVGK?B?KCLRCKCLQ?GQ
    $5EB?5>4s3B9>?:OSC<NCPRCLACGLRCP?ŽMCLRPC?QQCAPCCQFMPKML?GQC??RGTGB?BCLCPTMQ?
    &<1C=1NMPŽM¥SGB?BMQ?LESCOSCAMLQGQRCCKŠES?CCKQCSQAMLQRGRSGLRCQBGQQMJTGBMQNPMRC” i ?Q CJCRP™JGRMQ ?žA?PCQ
    JGN”BGMQ BCPGT?BMQKCR?@™JGAMQ ?KGLMŠ​AGBMQ FMPKšLGMQCTGR?KGL?Q 
    (535@D?BNPMRC”​L?ACJSJ?POSCPCAC@CCQR”KSJMQL?QSNCPD”AGCB?AJSJ?MSLMGLRCPGMPACJSJ?POSCRCK?¤LGB?BCNMPSK
    ?ECLRCOS”​KGAMCQNCA”¤AMAMKMSKFMPKšLGM N?P?BGQN?P?PSK?PCQNMQR?¤QGMJ™EGA?
    (5DB?1<9=5>D1kj?>571D9F1QGQRCK?CKOSC?DMPK?ŽMBMNPMBSRMGLG@CK?GQDMPK?ŽMBCQQCNPMBSRM
    (5DB?1<9=5>D1kj?@?C9D9F1QGQRCK?CKOSC?DMPK?ŽMBMNPMBSRM?SKCLR??GLB?K?GQ?DMPK?ŽMBMNPMBSRM
    )?=1D?DB?6?CAJSJ?QJMA?JGX?B?QL??BCLM FGN™¤QCOSCQCAPCR?KFMPKšLGMBMAPCQAGKCLRM&' 
    )?B?NMPŽM¥SGB?BMQ?LESC?N™Q?PCKMŽMNCJ?AM?bSJ?ŽMBMQD?RMPCQBCAM? bSJ?ŽM¤@PGLME‘LGM NP™ RPMK@GL? 
    *5>Cj?@Bl=5>CDBE1<QGLRMK?QOSCMAMPPCKCLRPCCBG?Q?LRCQBMNCP”M​BMKCLQRPS?J

    "?#

     !?PPW #6  *MFPR 6, ASRC CDDCARQ MD  FMSPQ MD KMBCP?RC GLRCLQGRW AWAJGLE ML QCPSK N?P?RFWPMGB FMPKMLC ?LB
    A?JAGSK"?JAGD3GQQSC(LRZ
     !?VRCP1"(LQSJGL JGICEPMURFD?ARMP(&% @GLBGLENPMRCGLQGLRCP?ARGMLQUGRF(&%Q?LBGLRPGLQGA@GM?ARGTGRGCQ K)
    /FWQGMJ$LBMAPGLMJ,CR?@$Z$
     !?WJGQQ6, 2R?PJGLE$'3FCKCAF?LGQKMDN?LAPC?RGAQCAPCRGML)/FWQGMJZ
     !CLBCP 3  -?EW &  !?PL? (  CR ?J 3FC CDDCAR MD NFWQGA?J RFCP?NW ML @CR? CLBMPNFGL JCTCJQ $SP ) NNJ /FWQGMJ
    Z
     !MCAICP '  2NPCLECP 3  2NGJICP ,$  CR ?J 3FC PSLLCPQ FGEF MNGMGBCPEGA KCAF?LGQKQ GL RFC FSK?L @P?GL "CPC@
    "MPRCV Z
     !MS?QQGB? 9?JJCE# 9?MS?JG HGL?, CR?J/?P?RFWPMGBFMPKMLCAMLACLRP?RGMLQBSPGLE?LB?DRCPRUMNCPGMBQMD
    FGEFGLRCLQGRWCVCPAGQCUGRF?LBUGRFMSR?LGLRCPTCLGLEPCAMTCPWNCPGMB$SP) NNJ/FWQGMJZ
     !P?@?LR &  2AFUGCECP 2  *LMCJJCP 1  CR ?J 'WNMRF?J?KGA NGRSGR?PW RFWPMGB ?VGQ GL KMBCP?RC ?LB GLRCLQC CVCPAGQC
    'MPK,CR?@1CQZ
     !PMMIQ- +?WLC)$ &MPBML/+ CR?J2RPCLERFRP?GLGLEGKNPMTCQKSQAJCOS?JGRW?LBGLQSJGLQCLQGRGTGRWGL'GQN?LGA
    MJBCP?BSJRQUGRFRWNCBG?@CRCQ(LR),CB2AGZ
     !SLR )"  !?FP ),  !CK@CL #  "MKN?PGQML MD CQRP?BGMJ ?LB RCQRMQRCPMLC JCTCJQ BSPGLE ?LB GKKCBG?RCJW DMJJMUGLE
    NPMJMLECBCVCPAGQCGLKMBCP?RCJW?ARGTC?LBRP?GLCBK?JCQ?LBDCK?JCQ$LBMAP1CQZ
     "GJMEJS% /CICP( /CFJGT?L CR?J$VCPAGQCGLRCLQGRW?LBGRQCDDCARQMLRFWPMGBFMPKMLCQ-CSPM$LBMAPGLMJ+CRR
    Z
     #CJGEG?LLGQ *?P?KMSXGQ, *MSGBG$ CR?J/J?QK?32' 3 3?LBAMPRGQMJPCQNMLQCQRMQUGKKGLE?RT?PWGLE
    U?RCPRCKNCP?RSPCQ!P)2NMPRQ,CBZ
     #G/GCRPM +  #XGSP? )  8CAICJ "6  CR ?J $VCPAGQC ?LB GKNPMTCB GLQSJGL QCLQGRGTGRW GL MJBCP UMKCL CTGBCLAC MD RFC
    CLBSPGLE@CLC¤RQMDFGEFCPGLRCLQGRWRP?GLGLE) NNJ/FWQGMJZ
     $JG?IGK -CKCR# "MMNCP#,$VCPAGQC RP?GLGLE?LBRFC&' (&% (?VGQ(L*P?CKCP6) 1MEMJ # "MKKGRRCC
    (. CBQ3FC$LBMAPGLC2WQRCKGL2NMPRQ?LB$VCPAGQC.VDMPB!J?AIUCJJ/S@JGQFGLE Z
     %?PPCJJ/ &?RCQ6* ,?IQSB,& CR?J(LAPC?QCQGLNJ?QK?@CR? CLBMPNFGL@CR? JGNMRPMNGLGKKSLMPC?ARGTGRW?DRCP
    RPC?BKGJJPSLLGLEGLFSK?LQ) NNJ/FWQGMJZ
     %MLR?L? +  *JCGL 2  'MJJMQXW ).  CR ?J $DDCAR MD JMLE RCPK A?JMPGC PCQRPGARGML UGRF ?BCOS?RC NPMRCGL ?LB
    KGAPMLSRPGCLRQMLRFWPMGBFMPKMLCQ)"JGL$LBMAPGLMJ,CR?@Z
     %MSPLGCP/$ 2R?JBCP) ,CPKGJJMB! CR?J$DDCARQMD?IGJMKCRCPQSJRP? K?P?RFMLP?ACMLNJ?QK?FMPKMLCJCTCJQ
    (LR)2NMPRQ,CBZ
     %P?LA?2" !?PPMQ-CRM3+  EPCQR?," CR?J#GTCPECLRPCQNMLQCQMDQCPSKRCQRMQRCPMLC?LBAMPRGQMJGL?RFJCRCKCL
    ?DRCP?K?P?RFMLP?AC PO!P?Q$LBMAPGLMJ,CR?@MJZ
     %PCLAF #-  *P?CKCP 6)  5MJCI )2  CR ?J LRGAGN?RMPW PCQNMLQCQ MD A?RCAFMJ?KGLCQ ML KSQAJC DMPAC NPMBSARGML )
    NNJ/FWQGMJZ
     %PMQGE "  1MQC )  3PCC@?I )3  CR ?J $DDCARQ MD CLBSP?LAC CVCPAGQC RP?GLGLE ML GLQSJGL QGEL?JGLE GL FSK?L QICJCR?J
    KSQAJCGLRCP?ARGMLQ?RRFCJCTCJMDNFMQNF?RGBWJGLMQGRMJ IGL?QC  IR ?LB 2#G?@CRCQZ
     %PW "  *P?CKCP 6) 1CQGQR?LAC CVCPAGQC MTCPRP?GLGLE ?LB MTCPPC?AFGLE -CSPMCLBMAPGLC PCQNMLQCQ 2NMPRQ ,CB
    Z
     &?JT?M# -MQ?I?* 3??DDC#1 CR?J1CQGQR?LACRP?GLGLE?LBPCBSARGMLMDRPC?RKCLRQGBCCDDCARQGLNPMQR?RCA?LACP
    N?RGCLRQ,CB2AG2NMPRQ$VCPAZ
     &MJBQNGLI& 8?LE28 '?KCCB, CR?J3FCPMJCMD,&%?LBMRFCP(&% (QNJGACT?PG?LRQGLKSQAJCK?GLRCL?LAC
    ?LB FWNCPRPMNFW (L *P?CKCP 6)  1MEMJ #  "MKKGRRCC (.  CBQ 3FC $LBMAPGLC 2WQRCK GL 2NMPRQ ?LB $VCPAGQC
    .VDMPB!J?AIUCJJ/S@JGQFGLE Z
     &MRQF?JI+ +MC@CJ"" -GLBJ!" CR?J'MPKML?JPCQNMLQCQMDKSJRGQCRTCPQSQQGLEJC QCRFC?TW PCQGQR?LACCVCPAGQC
    NPMRMAMJQ"?L) NNJ/FWQGMJZ
     &P?TFMJR"' 'MJAI/ -WFMJK! CR?J-MQC?QML?JT?PG?RGMLMDGLQSJGLQCLQGRGTGRW?LBEJSAMQCCDDCARGTCLCQQGLKCL
    ,CR?@MJGQKZ
     'CLBCPQML)$PLCQR2R?PJGLE?LB>FMPKMLCQ?LFGQRMPGA?JAMKKCLR?PW)$LBMAPGLMJZ
     'M1" +?A?X?P. &MMBWC?P+)$VCPAGQCPCESJ?RGMLMDGLQSJGL?ARGMLGLQICJCR?JKSQAJC(L*P?CKCP6) 1MEMJ #
    "MKKGRRCC(. CBQ3FC$LBMAPGLC2WQRCKGL2NMPRQ?LB$VCPAGQC.VDMPB!J?AIUCJJ/S@JGQFGLE Z
     'MDDK?L)1$LBMAPGLMJMEWMDQNMPRAMKNCRGRGML(L*P?CKCP6) 1MEMJ # "MKKGRRCC(. CBQ3FC$LBMAPGLC
    2WQRCKGL2NMPRQ?LB$VCPAGQC.VDMPB!J?AIUCJJ/S@JGQFGLE Z
     'S?LE? 62  8S? ,#  +CCB ,2  CR ?J $DDCAR MD RPC?BKGJJ CVCPAGQC ML AGPASJ?RGLE RFWPMGB FMPKMLC KC?QSPCKCLRQ
    ,CB/PGLA/P?ARZ
     )?KSPR?Q 9 *MSRCB?IGQ8 /?QAF?JGQ5 CR?J3FCCDDCARQMD?QGLEJC@MSRMDCVCPAGQCMLPCQRGLECLCPEWCVNCLBGRSPC
    ?LBPCQNGP?RMPWCVAF?LECP?RGM$SP) NNJ/FWQGMJZ
     )SPGK?C 3  *?PCJQML *  2KGPLMT? 3  CR ?J 3FC CDDCAR MD ? QGLEJC AGPASGR UCGEFR RP?GLGLE QCQQGML ML RFC @JMMB
    @GMAFCKGQRPWMDSLRP?GLCBSLGTCPQGRWQRSBCLRQ$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     *CGXCP' )?LQQCL&, ,CLFCCPC/ CR?J"F?LECQGL@?Q?JNJ?QK?RCQRMQRCPMLC AMPRGQMJ ?LBBCFWBPMCNG?LBPMQRCPMLC
    QSJD?RCGLNPCTGMSQJWSLRP?GLCBK?JCQ?LBDCK?JCQNPCN?PGLEDMP?K?P?RFML(LR)2NMPRQ,CB2SNNJ 2Z
    2
     *CGXCP' !CAICPQ$ BC'??L) CR?J$VCPAGQC GLBSACBAF?LECQGLRFCNCPACLR?ECMDDPCCRCQRMQRCPMLC?LBCQRP?BGMJ
    GLRP?GLCB?LBSLRP?GLCBUMKCL(LR)2NMPRQ,CB QSNNJ Z
     *CLC¤AI 16  ,?PCQF ",  PKQRPMLE +$  CR ?J 1CFWBP?RGML UGRF ¥SGB MD T?PWGLE RMLGAGRGCQ CDDCARQ ML ¥SGB
    PCESJ?RMPWFMPKMLCQ?LBCVCPAGQCNCPDMPK?LACGLRFCFC?R) NNJ/FWQGMJZ
     *JGLC"$ #SPQRGLC)+ #?TGQ), CR?J"GPA?BG?LT?PG?RGMLGLQUGKNCPDMPK?LAC) NNJ/FWQGMJZ
     *P?CKCP11 !J?GP2 *P?CKCP&1 CR?J$DDCARQMDRPC?BKGJJPSLLGLEMLNJ?QK?@CR? CLBMPNFGL AMPRGAMRPMNGL ?LB
    AMPRGQMJJCTCJQGLK?JC?LBDCK?JC*PSLLCPQ$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     *P?CKCP11 #XCU?JRMUQIG# !J?GP,2 CR?J,MMB?JRCP?RGMLDPMKRPC?BKGJJPSLLGLE?LBGRQPCJ?RGMLQFGNRM@CR?
    CLBMPNFGL AMPRGAMRPMNGL ?LBEPMURFFMPKMLC)2NMPRQ,CB/FWQ%GRLCQQZ
     *P?CKCP6) #XG?BMQ)$ ,?PAFGRCJJG+) CR?J$DDCARQMDBGDDCPCLRFC?TW PCQGQR?LACCVCPAGQCNPMRMAMJQMLNJ?QK?@CR?
    CLBMPNFGLAMLACLRP?RGMLQ) NNJ/FWQGMJZ
     *P?CKCP6) %JCAI2) ,?PCQF", CR?J ASRCFMPKML?JPCQNMLQCQRM?QGLEJC@MSRMDFC?TWPCQGQR?LACCVCPAGQCGL
    RP?GLCBNMUCPJGDRCPQ?LBSLRP?GLCBKCL"?L) NNJ/FWQGMJZ
     *P?CKCP6) %P?E?J?,2 6?RQML& CR?J'MPKML?JPCQNMLQCQRM? IKP?AC?APMQQDPMXCL J?QI?!P)2NMPRQ
    ,CBZ BGQASQQGML
     *P?CKCP6) '?IIGLCL* -CURML14 CR?J ASRCFMPKML?JPCQNMLQCQRMFC?TWPCQGQR?LACCVCPAGQCGLWMSLECP?LB
    MJBCPKCL$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     *P?CKCP6) '?IIGLCL* -CURML14 CR?J$DDCARQMDFC?TW PCQGQR?LACRP?GLGLEMLFMPKML?JPCQNMLQCN?RRCPLQGL
    WMSLECPTQMJBCPKCL) NNJ/FWQGMJZ
     *P?CKCP6) -M@JC! "SJTCP! CR?J"F?LECQGLNJ?QK?NPMCLICNF?JGLNCNRGBC%?LBA?RCAFMJ?KGLCJCTCJQBSPGLE
    EP?BCBCVCPAGQCGLKCL/PMA-?RJ A?B2AG42 Z
     *P?CKCP 6)  /?RRML )%  &MPBML 2$  CR ?J "MKN?RG@GJGRW MD FGEF GLRCLQGRW QRPCLERF ?LB CLBSP?LAC RP?GLGLE ML
    FMPKML?J?LBQICJCR?JKSQAJC?B?NR?RGMLQ) NNJ/FWQGMJZ
     *P?CKCP 6)  /?RRML )%  *LSRRECL '&  CR ?J 'WNMRF?J?KGA  NGRSGR?PW ?BPCL?J PCQNMLQCQ RM QFMPR BSP?RGML FGEF
    GLRCLQGRWAWAJCCVCPAGQC) NNJ/FWQGMJZ
     *P?CKCP 6)  1?R?KCQQ -  'MPKML?J PCQNMLQCQ ?LB ?B?NR?RGMLQ RM PCQGQR?LAC CVCPAGQC ?LB RP?GLGLE 2NMPRQ ,CB
    Z
     *P?CKCP6) 5MJCI)2 !SQF) CR?J'MPKML?JPCQNMLQCQRMAMLQCASRGTCB?WQMDFC?TW PCQGQR?LACCVCPAGQCUGRFMP
    UGRFMSRLSRPGRGML?JQSNNJCKCLR?RGML) NNJ/FWQGMJZ
     *PMRIGCUQIG, 2HMQRPMK+ 2SJJGT?L+ CR?J3FCCDDCARMD?ASRC?LBAFPMLGACVCPAGQCMLRFWPMGBFMPKMLCQGLM@CQGRW
    AR?,CB2A?LBZ
     *TMPLGLE3  LBCPQCL, !PGVCL* CR?J2SNNPCQQGMLMDCLBMECLMSQRCQRMQRCPMLCNPMBSARGML?RRCLS?RCQRFCPCQNMLQC
    RM QRPCLERF RP?GLGLE ? P?LBMKGXCB  NJ?AC@M AMLRPMJJCB  ?LB @JGLBCB GLRCPTCLRGML QRSBW K ) /FWQGMJ $LBMAPGLMJ
    ,CR?@$Z$
     +?K@CPR&,2FMPRPCTGCUCVCPAGQC?LBRFCNPCKCLQRPS?JQWLBPMKC)2RPCLERF"MLB1CQZ
     +GNNG& ,MLR?EL?L?, 2?JT?ELM&+ CR?J&JWA?CKGAAMLRPMJGL?RFJCRCQ(LR)2NMPRQ,CBZ
     +MSAIQ ! (L¥SCLAC MD CLCPEW ?T?GJ?@GJGRW ML JSRCGLGXGLE FMPKMLC NSJQ?RGJGRW ?LB KCLQRPS?J AWAJGAGRW (L *P?CKCP
    6)  1MEMJ #  "MKKGRRCC (.  CBQ 3FC $LBMAPGLC 2WQRCK GL 2NMPRQ ?LB $VCPAGQC .VDMPB !J?AIUCJJ /S@JGQFGLE
    Z
     +SECP  #CSQRCP /  #C@MJR )$  CR ?J ASRC CVCPAGQC QRGKSJ?RCQ RFC PCLGLZ?LEGMRCLQGLZ?JBMQRCPMLC ?VGQ ?B?NRGTC
    AF?LECQGLPSLLCPQ'MPK1CQZ
     ,?AFCJQI?'3?PECRGLEMDMNGMGB NPMBSAGLEJCSIMAWRCQDMPN?GLAMLRPMJ-CSPMNCNRGBCQZ
     ,?PCQF ",  &?@?PCC !MSJ?LR "+  PKQRPMLE +$  CR ?J $DDCAR MD FWBP?RGML QR?RSQ ML RFGPQR  BPGLIGLE  ?LB PCJ?RCB
    FMPKML?JPCQNMLQCQBSPGLEJMU GLRCLQGRWCVCPAGQCGLRFCFC?R) NNJ/FWQGMJZ
     ,?PCQF", 2MIKCL! *P?CKCP6) CR?J/GRSGR?PW ?BPCL?JPCQNMLQCQRM?PKTCPQSQJCECVCPAGQCGLSLRP?GLCBK?L
    $SP) NNJ/FWQGMJZ
     ,?PCQF", 6?LE!" &MCRX*+/J?QK?T?QMNPCQQGL PCLGL?ARGTGRW ?LB?JBMQRCPMLCPCQNMLQCQRMK?VGK?JCVCPAGQC
    GL?ARGTCAMJJCECDCK?JCQ$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     ,?PV ).  1?R?KCQQ -  -GLBJ !"  CR ?J +MU TMJSKC AGPASGR TCPQSQ FGEF TMJSKC NCPGMBGXCB PCQGQR?LAC RP?GLGLE GL
    UMKCL,CB2AG2NMPRQ$VCPAZ
     ,MLR?GL 2)  +?GPB )$  +?RXI? 6  CR ?J JBMQRCPMLC ?LB T?QMNPCQQGL PCQNMLQCQ GL RFC FC?R FWBP?RGML JCTCJ ?LB
    CVCPAGQCGLRCLQGRWCDDCARQ,CB2AG2NMPRQ$VCPAZ
     ,MMPC "  %PW " -MLDSLARGML?J MTCPPC?AFGLE BSPGLE MDD QC?QML RP?GLGLE DMP QIGJJ NMQGRGML NJ?WCPQ GL AMJJCEG?RC
    KCPGA?LDMMR@?JJ)2RPCLERF"MLB1CQZ
     -GLBJ !"  'WKCP 6"  #C?TCP #1  CR ?J &PMURF FMPKMLC NSJQ?RGJGRW NPM¤JC AF?P?ARCPGQRGAQ DMJJMUGLE ?ASRC FC?TW
    PCQGQR?LACCVCPAGQC) NNJ/FWQGMJZ
     -GLBJ !"  *P?CKCP 6)  ,?PV ).  CR ?J .TCPLGEFR PCQNMLQCQ MD RFC AGPASJ?RGLE (&% ( QWQRCK ?DRCP ?ASRC  FC?TW
    PCQGQR?LACCVCPAGQC) NNJ/FWQGMJZ
     /CPCGP?+. +?LAF? ')P$DDCARMDGLQSJGL?LBAMLRP?ARGMLSNMLEJSAMQCRP?LQNMPRGLQICJCR?JKSQAJC/PME!GMNFWQ
    ,MJ!GMJZ
     /J?QOSG& *CQRCP # 6CQRCPRCPN*12C?QML?JT?PG?RGMLGLQJCCNGLEKCR?@MJGAP?RC RFWPMGB?ARGTGRW ?LBJCNRGL K)
    /FWQGMJ$LBMAPGLMJ,CR?@$Z$
     /PGRXJ?DD") 6GBCK?L+ 6CJRK?L)8 CR?J(KN?ARMD?ASRCCVCPAGQCGLRCLQGRWMLNSJQ?RGJCEPMURFFMPKMLCPCJC?QCGL
    KCL) NNJ/FWQGMJZ
     1CBK?L+, +MSAIQ !,CLQRPS?JBGQMPBCPQGL?RFJCRCQ2NMPRQ,CBZ
     1MEMJ #  *P?CKCP 6) (LRPMBSARGML (L *P?CKCP 6)  1MEMJ #  "MKKGRRCC (.  CBQ 3FC $LBMAPGLC 2WQRCK GL
    2NMPRQ?LB$VCPAGQC.VDMPB!J?AIUCJJ/S@JGQFGLE Z
     1MEMJ # 6CJRK?L 6CJRK?L)8 CR?J#SP?@GJGRWMDRFCPCNPMBSARGTC?VGQGLCSKCLMPPFCGAUMKCLBSPGLEWPMD
    CLBSP?LACRP?GLGLE) NNJ/FWQGMJZ
     1MLQCL. 'MJK* 2R?DD' CR?J-MCDDCARMDQC?QML?JT?PG?RGMLGLRP?GLGLEJM?BMLGKKSLM CLBMAPGLCPCQNMLQCQRM
    ?ASRCCVF?SQRGTCCVCPAGQC2A?LB),CB2AG2NMPRQZ
     1S@GL ,1  *P?CKCP 6)  ,?PCQF ",  CR ?J 'GEF ?D¤LGRW EPMURF FMPKMLC @GLBGLE NPMRCGL ?LB ?ASRC FC?TW
    PCQGQR?LACCVCPAGQC,CB2AG2NMPRQ$VCPAZ
     2F?AICJDMPB+" +C!J?LA # #PGQAMJJ3! CR?J1CQGQR?LACCVCPAGQC?Q?AMSLRCPKC?QSPCRMBGQSQC GLBSACB@MLCJMQQ
    ) NNJ/FWQGMJZ
     2FCPJMAI ,  3MMEMMB  EGLE ?LB RFC EPMURF FMPKMLCGLQSJGL JGIC EPMURF D?ARMP ( ?VGQ /GRSGR?PW Z
    
     2K?JJPGBEC1" 6FMPRML-$ !SPK?L*# CR?J$DDCARQMDCVCPAGQC?LBNFWQGA?J¤RLCQQMLRFCNGRSGR?PWZRFWPMGB?VGQ
    ?LBMLNPMJ?ARGLQCAPCRGMLGLK?JCPSLLCPQ,CR?@MJGQKZ
     2T?PR@CPE) )MPBC1 2SLBQDHMPB) CR?J2C?QML?JT?PG?RGMLMDRCQRMQRCPMLC?LBU?GQRRMFGNP?RGMGLKCLRFC3PMKQM
    QRSBW)"JGL$LBMAPGLMJ,CR?@Z
     3F?PGML6) 1?SQAF3, '?PK?L$ CR?J$DDCARQMDBGDDCPCLRPCQGQR?LACCVCPAGQCNPMRMAMJQMLKMMBQR?RCQ) NNJ
    2NMPR2AG1CQZ
     3PGNJCRR ,A!PGBC-3 ,?QRPM , ,A!PGBC), CR?J/J?QK?NPMCLICNF?JGLNCNRGBC%?LBFSK?L!ACJJPCQNMLQCQRM
    CVCPAGQCQRPCQQGL¤R?LBSL¤RUMKCL/CNRGBCQZ
     3SAIMU / 1?PGAI*1 *P?CKCP6) CR?J-MARSPL?JEPMURFFMPKMLCQCAPCRMPWBWL?KGAQ?PC?JRCPCB?DRCPPCQGQR?LAC
    CVCPAGQC BCAMLTMJSRGML ?L?JWQGQ MD  FMSP GKKSLMDSLARGML?J ?LB GKKSLMPC?ARGTC GQMDMPKQ K ) /FWQGMJ 1CESJ
    (LRCEP"MKN/FWQGMJ1Z1
     4SQGR?JM +  'SRRSLCL /  '?LGL 8  CR ?J 'MPKML?J PCQNMLQCQ RM CLBSP?LAC RP?GLGLE ?LB MTCPRP?GLGLE GL DCK?JC
    ?RFJCRCQ"JGL)2NMPR,CBZ
     5?JBCK?PQQML 2  LBCPQQML #  !CLERQQML  CR ?J &?KK?  ,2' GLAPC?QCQ BSPGLE EP?BCB CVCPAGQC GL FC?JRFW
    QS@HCARQ AMKN?PGQML UGRF NJ?QK? A?RCAFMJ?KGLCQ  LCSPMNCNRGBCQ  ?JBMQRCPMLC ?LB PCLGL ?ARGTGRW "JGL /FWQGMJ
    Z
     5GLEPCL )+  *P?CKCP 6)  1?R?KCQQ -  CR ?J 3CQRMQRCPMLC NFWQGMJMEW GL PCQGQR?LAC CVCPAGQC ?LB RP?GLGLE RFC SN
    QRPC?KPCESJ?RMPWCJCKCLR2NMPRQ,CB Z
     6C@@ ,+  6?JJ?AC )/  '?KGJJ "  CR ?J 2CPSK RCQRMQRCPMLC AMLACLRP?RGML BSPGLE RUM FMSPQ MD KMBCP?RC GLRCLQGRW
    RPC?BKGJJPSLLGLEGLRP?GLCBKCL?LBUMKCL$LBMAP1CQZ
     6GBCK?L+ "MLQGRR+ /?RPGC) CR?J3FCGKN?ARMDQCV?LBCVCPAGQCBSP?RGMLMLEPMURFFMPKMLCQCAPCRGML) NNJ
    /FWQGMJZ
     6GJJG?KQ-( #C2MSX?,)$LCPEW@?J?LAC?LBCVCPAGQC ?QQMAG?RCBKCLQRPS?JAWAJCBGQRSP@?LACQNP?ARGA?J?LBAJGLGA?J
    AMLQGBCP?RGMLQ (L *P?CKCP 6)  1MEMJ #  "MKKGRRCC (.  CBQ 3FC $LBMAPGLC 2WQRCK GL 2NMPRQ ?LB $VCPAGQC
    .VDMPB!J?AIUCJJ/S@JGQFGLE Z
     6MHR?QXCUQIG )%  1GAFRCP $  $DDCARQ MD ?ASRC CVCPAGQC ?LB RP?GLGLE ML GLQSJGL ?ARGML ?LB QCLQGRGTGRW DMASQ ML
    KMJCASJ?PKCAF?LGQKQGLKSQAJC$QQ?WQ!GMAFCKZ
     9?LICP "  'GLB * 3FC CDDCAR MD CLCPEW @?J?LAC ML CLBMAPGLC DSLARGML ?LB @MLC FC?JRF GL WMSRF ,CB 2NMPR 2AG
    Z

    
    *P?CKCP 6)  1MEMJ #  CBQ 3FC $LBMAPGLC 2WQRCK GL 2NMPRQ ?LB $VCPAGQC ,?JBCL  ,  !J?AIUCJJ /S@JGQFGLE (LA   !/,
    5*@*367(,+0(6- 769;:,+0*05,

    .+
    !?WJGQQ6, 2R?PJGLE$'3FCKCAF?LGQKMDN?LAPC?RGAQCAPCRGML)/FWQGMJZ
    2CJWC'%SPRFCPRFMSEFRQMLYQRPCQQUGRFMSRBGQRPCQQ^,CB3GKCQ Z
    2CJWC'%MPRWWC?PQMDQRPCQQPCQC?PAFNPGLAGN?JPCK?GLGLENPM@JCKQ?LBKGQAMLACNRGMLQ"?L,CB QQMA) Z
    2CJWC'2RPCQQ?LBBGQRPCQQ"MKNP3FCP Z
    2CJWC'(KNJGA?RGMLQMDQRPCQQAMLACNR-82R?RC),CB Z
    2CJWC'"MLDSQGML?LBAMLRPMTCPQWGLRFCQRPCQQ¤CJB)'SK?L2RPCQQ Z
    2CJWC'3FCCTMJSRGMLMDRFCQRPCQQAMLACNR K2AG Z
    2CJWC' 3FC'?PPW& PKQRPMLEJCARSPC2RPCQQ?LB?CPMQN?ACKCBGAGLC CPMQN,CB Z
    2CJWC' %MPRGCP" B?NRGTCPC?ARGMLQRMQRPCQQ1CQ/S@J QQMA1CQ-CPT,CLR#GQZ
    4SQGR?JM + 'SRRSLCL/ '?LGL8 4SQGR?JM ) 1SQIM'*'MPKML?JPCQNMLQCQRMCLBSP?LACRP?GLGLE?LBMTCPRP?GLGLEGLDCK?JC
    ?RFJCRCQ"JGL)2NMPR,CB Z
    3
    !

    *)' çã$" #)


    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      !?VHCL?>CMNCHAOCLIMNLMG;=LIHONLC?HN?M
      "RJFC=;LIJ;J?F>IMG;=LIHONLC?HN?MH;M@OH‹™?M=ILJIL;CM?HIG?N;<IFCMGI>IMMO<MNL;NIM
      &>?HNCV=;L?=IHNL;MN;L;ML?=IG?H>;‹™?MHONLC=CIH;CM>;G?LC=;H!C?N?NC=MMI=C;NCIHJ;L;;NF?N;M
      "RJFC=;LIH>C=?AFC=GC=I>IM;FCG?HNIM
      !?M=L?P?LIJLI=?MMI?II<D?NCPI>;MI<L?=;LA;>?=;L<IC>L;NI
      !CM=ONCLIJLIJ•MCNI>;M<?<C>;M?MJILNCP;M
      H;FCM;L;=IGJIMC‹ŠI?;M=IHM?​KOH=C;MG?N;<•FC=;M>;M>C?N;M=IG<;CR;CHA?MNŠI>?=;L<IC>L;NIM
      !?M=L?P?L ;M ?MNL;NŒAC;M >? MOJF?G?HN;‹ŠI >? =;L<IC>L;NIM ? JLIN?​H; J;L; IM ;NF?N;M >? ?H>OL;H=? ?
    @IL‹;
    j HIMLCM=IM>?>I?H©;M
      !C@?L?H=C;LIMNCJIM>?NLCAFC=?L>CIM??MJ?=CV=;LM?OMJ;JŒC
      !CM=ONCLIJ;J?F>;M>C?N;MLC=;M?GAIL>OL;HI>?M?GJ?HBI?MJILNCPI
      IGJL??H>?L??RJFC=;L;@OH‹ŠI>;MPCN;GCH;M?>IMGCH?L;CMHIG?N;<IFCMGI>IMO<MNL;NI
    ZC;>?PCN;GCH;MIOGCH?L;CM
      "RJFC=;L;M=IHM?​KOH=C;M>;>?V=CH
      !?M=L?P?L;=IGJIMC‹ŠI?II<D?NCPI>;ML?@?C‹™?M;HN?M?>?JICM>;M=IGJ?NC‹™?M

    + G;V=CIH;>IJILVNH?MMP?GNL?CH;H>I@ILN?B†P†LCIMG?M?M
    JL?J;L;H>I M?J;L;;
    *;L;NIH;>?IMNIH "F?;=L?>CN;KO??MN†<?G=IH>C=CIH;>IJ;L;;;N?HN;NCP;H;
    G;L;NIH;?M?OMN?GJIM>?NL?CH;G?HNIJ;L;>CMN‡H=C;M>?;NŒEGNGMC>I<;MN;HN?
    <IHM +I>C;>;JLIP;
    ?F?;JL?M?HN;OG<IG=IG?‹I?IMN?GJIMHIMG;L=;>IL?M>?
    >CMN‡H=C; MŠI IM ?MJ?L;>IM ;NŒ I I EG
     JIHNI ?G KO? ;NCHA? I @?H–G?HI BCNNCHA NB?
    Q;FF +IL?MN;HN?>;=ILLC>;M?OLCNGI>CGCHOC>?G;H?CL;>L;G†NC=;?M?ON?GJIVH;FŒ
    CH?MJ?L;>I ? >?M;JIHN;>IL  "G<IL; I JLIAL;G; >? NL?CH;G?HNI >I ;NF?N; I N?HB;
    JL?J;L;>I <?G
     ?F? H?AFCA?H=CIO OG ;MJ?=NI CGJILN;HN? >I >?M?GJ?HBI ?MJILNCPI ;
    HONLC‹ŠI   I=ILLH=C; VMCIF•AC=; KO? =ICH=C>CO =IG I BCNNCHA NB? Q;FF HI I EG @IC ;
    >?JF?‹ŠI >? =;L<IC>L;NIM
     MO<MNL;NI >? ?H?LAC; GOCNI CGJILN;HN? J;L; ; G;HON?H‹ŠI >I
    >?M?GJ?HBI​C>?;FHIM?P?HNIM>??H>OL;H=? "F??MN†=IHP?H=C>I>?KO?HŠI=IG?N?L†
    I G?MGI ?LLI H; JL•RCG; N?HN;NCP; >? J;LNC=CJ;L >; G;L;NIH; ? >?=C>? =IHMOFN;L OG
    HONLC=CIHCMN;?MJILNCPIJ;L;>?N?LGCH;LKO?;FN?L;‹™?MJI>?@;T?LH;>C?N;;VG>??PCN;L;
    G?MG; >?JF?‹ŠI >? =;L<IC>L;NIM L?MJIHM†P?F J?FI >?M?GJ?HBI NŠI <;CRI HIM
    KOCF–G?NLIM VH;CM >; MO; ; G;L;NIH;  +;M =IHP?LM;M =IG I HONLC=CIHCMN; ?MJILNCPI
     I
    ;NF?N; ;JL?H>?O GOCNI MI<L? =IGI =;L<IC>L;NIM
     FCJ>CIM
     JLIN?​H;M
     PCN;GCH;M ? GCH?L;CM
    KO? =IG?GIM ;HN?M
     >OL;HN? ? >?JICM >;M M?MM™?M >? NL?CH;G?HNI HIM ;@?N;G HŠI
    ;J?H;M?GL?JIOMI
    =IGIN;G<ŒG>OL;HN?I>?M?GJ?HBI;NFŒNC=I
    +?MN? =;JNOFI
     M?LŠI ?RJFIL;>;M ;M ?MNL;NŒAC;M H; >C?N; ;=?L=; >I =IHMOGI >?
    =;L<IC>L;NIM
     AIL>OL;M
     JLIN?​H;M
     PCN;GCH;M ? GCH?L;CM J;L; G?FBIL;L I >?M?GJ?HBI
    @MC=I

    #02A>=DCA84=C4B

    "?P@MGBP?RMQ NPMRC”​L?QCJGN”BGMQQŽMLCACQQŠPGMQCKOS?LRGB?BCQPCJ?RGT?KCLRCEP?LBCQN?P?MAMPNMFSK?LMC NMPR?LRM


    QŽM AF?K?BMQ BC =13B?>EDB95>D5C 3MBMQ MQ RP‘Q QŽM MPE‹LGAMQ NMP L?RSPCX?  M OSC QGELG¤A? BGXCP OSC QŽM QS@QR‹LAG?Q
    AMK @?QC BC A?P@MLM .Q RP‘Q K?APMLSRPGCLRCQ AMLR‘K KMJASJ?Q BC A?P@MLM  FGBPME‘LGM C MVGE‘LGM  C  ?JK BGQQM  ?
    NPMRC”​L? R?K@K RCK KMJASJ?Q BC LGRPME‘LGM 3MBMQ MQ K?APMLSRPGCLRCQ NMBCK QCP SQ?BMQ LM KCR?@MJGQKM N?P?
    NPMBSXGP CLCPEG? SRGJGX?B? L? DMPK? BC RPGDMQD?RM BC ?BCLMQGL?  3/ TCP "?N”RSJM   -M CLR?LRM  ? OS?LRGB?BC BC
    OSGJMA?JMPG?Q Z SK? KCBGB? BC CLCPEG? NMRCLAG?J Z NMP EP?K? BC QS@QRP?RM  BGDCPCLRC CLRPC MQ K?APMLSRPGCLRCQ M
    A?P@MGBP?RMC?NPMRC”​L?NPMBSXCKIA?JãEZC?EMPBSP?IA?JãEZ/MPGQQM MD?RMBCAMLRCPCKCLCPEG?OSCNMBCQCP
    AMLTCPRGB? CK 3/ NMP KCGM B?Q TG?Q KCR?@™JGA?Q ?CP™@G?Q C ?L?CP™@G?Q  SK? P?XŽM BCQQ? LCACQQGB?BC BC AMLQSKM
    PCJ?RGT?KCLRCCJCT?B?BMQK?APMLSRPGCLRCQ+CK@PC QCBCOSCM 3/?žLGA?DMPK?BCCLCPEG?OSCNMBCQCPSQ?B?BC
    K?LCGP?BGPCR?NCJMAMPNMCKRMB?Q?QQS?QDSLCQ GLAJSQGTCL?AMLRP?ŽM​KSQASJ?P$KN?P​RGASJ?P MQA?P@MGBP?RMQCMQ
    JGN”BGMQQŽMGKNMPR?LRCQN?P?MKCR?@MJGQKM SK?TCXOSCQŽMPCQNMLQŠTCGQNMP@M?N?PRCBM 3/NPMBSXGBMBSP?LRCM
    KCR?@MJGQKM2M@AMLBGCQLMPK?GQ OS?LRGB?BCQK”LGK?QBCNPMRC”​L?QŽMSQ?B?QL?NPMBSŽMBC 3/ CLRPCR?LRM GQQM
    NMBCKSB?PCKQGRS?CQCQNCA”¤A?Q/MPCVCKNJM MSQMBCNPMRC” i ?LMKCR?@MJGQKM?SKCLR?OS?LBMQCAMLQMKCBGCR?
    PGA?CKNPMRC”​L?QMSOS?LBM?GLECQRŽMBCA?JMPG?QRMR?GQLŽMQ?RGQD?X?QLCACQQGB?BCQCLCPERGA?QBMAMPNMBGCR?MSDMKC 
    -CQQCQ A?QMQ  ? NPMRC”​L? OSC AMKNC M RCAGBM AMPNMP?J  AMKM MQ ​KžQASJMQ CQOSCJRGAMQ   BCEP?B?B?  C MQ ?KGLMŠ​AGBMQ
    PCQSJR?LRCQQŽMSRGJGX?BMQN?P?QGLRCRGX?P 3/TG?KCR?@MJGQKM?CP™@GM
    JKBCQCPTGPAMKMQS@QRP?RMKCR?@™JGAM RMBMQMQRP‘QK?APMLSRPGCLRCQQŽMCQQCLAG?GQN?P?MBCQCLTMJTGKCLRMRC​AG​BS?J
    AMPNMP?J  GLAJSQGTC BM ​KžQASJM CQRPG?BM CQOSCJRGAM -CQQC AMLRCVRM  MQ A?P@MGBP?RMQ QŽM DSLB?KCLR?GQ NMP BS?Q P?XCQ
    /PGKCGPM NMPOSC QŽM ? DMLRC NPGKŠPG? BC CLCPEG? BSP?LRC ? ?RGTGB?BC BC ?JR? GLRCLQGB?BC  AMKM M CVCPA”AGM PCQGQRGBM
    JCT?LR?KCLRMBCNCQM OSCSKNMRCLRCCQRGKSJ?LRCBMAPCQAGKCLRMBMRCAGBM​KSQASJ?P2CESLBMNMPOSC?QOS?LRGB?BCQ
    ?BCOS?B?Q BC A?P@MGBP?RMQ L? BGCR? NCPKGRCK OSC ?Q NPMRC”​L?Q GLECPGB?Q QCH?K SQ?B?Q LM APCQAGKCLRM ​KSQASJ?P . ​
    KžQASJMCQOSCJRGAM AMKM?K?GMPG?BMQRCAGBMQBMAMPNM AMKNMQRMNMPOS?LRGB?BCQQGELG¤A?RGT?QBCNPMRC” i ?L?DMPK?
    BC?KGLMŠ​AGBMQ/MPGQQM NPCAGQMAMLQSKGP?KGLMŠ​AGBMQN?P?QGLRCRGX?PCPCN?P?PM​KžQASJMCQOSCJRGAM
    $K@MP? QCH? PCAMKCLB?B? QS? GLECQRŽM CK OS?LRGB?BCQ JGKGR?B?Q NMP OSCQRCQ BC Q?ž​BC  AMKM NPCTCLŽM BC BMCL​?
    A?PBGMT?QASJ?P MQJGN”BGMQQŽMCJCKCLRMQDSLB?KCLR?GQL?LMQQ?BGCR?BGŠ​PG?NMPKSGR?QP?XCQ/MPCVCKNJM MQJGN”BGMQQŽM
    CQQCLAG?GQN?P?K?LRCPM?K@GCLRCFMPKML?JLCACQQŠPGMN?P??Q”LRCQCBCNPMRC”​L?CDSLŽMPCNPMBSRGT? JKBGQQM CJCQ
    QŽMAMKNMLCLRCQGKNMPR?LRCQB?QKCK@P?L?QBCRMB?Q?QAJSJ?QLMAMPNM 9>75CDj?145AE141BCRMBMQMQRP‘Q
    K?APMLSRPGCLRCQ  GLBGQNCLQŠTCJ N?P? M APCQAGKCLRM LMPK?J BM AMPNM FSK?LM  N?P? ? K?LSRCLŽM B? DSLŽM AMPNMP?J
    PCESJ?PCN?P??Q?B?NR?CQ?MRPCGL?KCLRMD”QGAM AMKM?SKCLRMB?K?QQ?​KSQASJ?PBCAMPPCLRCBMRPCGL?KCLRMPCQGQRGBM
    MSK?LSRCLŽMCPCN?PMBCK?QQ?​KSQASJ?PCKTGPRSBCBMRPCGL?KCLRM?CP™@GM-?QQCCQQCESGLRCQ QCPŠCVNJMP?B?AMK
    K?GQBCR?JFCQ?DSLŽMBMQK?APMLSRPGCLRCQN?P?KCJFMP?PNMRCLAG?JKCLRCMBCQCKNCLFMD”QGAM

    ! 

    %DECyD>24C@?FEC:6?E6DDv@@42C3@:5C2E@@=:A{5:@62AC@E6{​?2
    *@5@D@D>24C@?FEC:6?E6DDv@?646DDsC:@DA2C222>A=2@C82?:J2wv@52D7F?w‚6D4@CA@C2:D
    *@5@D@DECyD>24C@?FEC:6?E6DA@56>D6CFD25@D4@>@DF3DEC2E@D>6E23=:4@DA@Cx>6>86C2=BF2?E:5256D>{?:>2D56AC@E6{​?2
    Dv@FD252DA2C2AC@5FJ:C*&
    2C3@:5C2E@
    $K@MP? ? KCPGA?L #GCRCRGA QQMAG?RGML PCAMKCLBC OSC  ?  B? GLECQRŽM A?J™PGA? BGŠ​PG? RMR?J QCH? AMKNMQR? BC
    A?P@MGBP?RMQ B?NCPQNCARGT?NPŠRGA? MKCLMPT?JMPBCQQ?T?PG?ŽM ? N?PCACQCPK?GQNPSBCLRC ?LŽMQCPOSCMGL​
    BG​T”​BSM QCH? SK AMPPCBMP BC ,5+<9(5*,  M OS?J NPCAGQ? BC OS?LRGB?BCQ K?GQ CJCT?B?Q OS?LBM M TMJSKC BC RPCGL?KCLRM 
    ?JRM 0S?LRGB?BCQ CJCT?B?Q BC A?P@MGBP?RMQ BC ?JRM ”LBGAC EJGA‘KGAM GLRCPDCPCK L?Q GLECQRCQ LCACQQŠPG?Q BC NPMRC”​L? C
    EMPBSP?  C MQ A?P@MGBP?RMQ BC ?JRM ”LBGAC EJGA‘KGAM NPMKMTCK ? BCNMQGŽM BC EMPBSP? LM AMPNM BCTGBM  DSLŽM B?
    GLQSJGL? OSCGLG@C?QCLXGK?QJGNMJ”RGA?QOSCBCEP?B?K?EMPBSP? %MMB?LB#PSE BKGLGQRP?RGML%# CQRGK?OSC
    ENMPBG?BCA?P@MGBP?RMQQCH?K?OS?LRGB?BCK”LGK?KBG?BCEJGAMQCKCR?@MJGX?B?NCJMCLAD?JM$KTGPRSBCBCQQ?
    LCACQQGB?BC HSLR?KCLRCAMKMD?RMBCMQA?P@MGBP?RMQQCPCKSQ?BMQNMPKSGRMQMSRPMQRCAGBMQBMAMPNM MT?JMPBGŠ​PGM
    LMQP™RSJMQBMQ?JGKCLRMQBCQQCQK?APMLSRPGCLRCQBCENMPBG?,SGRMQ?JGKCLRMQPGAMQCKA?P@MGBP?RMQ AMKMDPSR?Q
    C TCECR?GQ  R?K@K ?NPCQCLR?K NCPACLRS?J PCJ?RGT?KCLRC @?GVM BC EMPBSP? C ?JRM BC ¤@P? 3?LRM ? @?GV? GLECQRŽM BC
    EMPBSP? OS?LRM ? ?JR? GLECQRŽM BC ¤@P?Q QŽM ?QQMAG?B?Q ? @CLCD”AGMQ ECP?GQ N?P? ? Q?ž_ C  AMKM BGKGLSGŽM BM PGQAM BC
    ?JESLQRGNMQBCA‹LACP B?M@CQGB?BCCB?BMCL​?A?PBGMT?QASJ?P-MCLR?LRM CKRCPKMQBCBCQCKNCLFMD”QGAM R?JTCXM
    ?QNCARMK?GQGKNMPR?LRCB?GLECQRŽMBCA?P@MGBP?RMQQCH??RCLBCPQLCACQQGB?BCQCLCPERGA?QN?P???RGTGB?BC
    #SP?LRCCTCLRMQ?CP™@GMQ AMKM?K?P?RML? MA?P@MGBP?RMMQS@QRP?RMKCR?@™JGAMNPCDCPGBMNMPBGTCPQMQD?RMPCQ 
     TCJMAGB?BC L? OS?J ?Q OSGJMA?JMPG?Q QŽM AMLTCPRGB?Q CK 3/ SRGJGX?BM NCJMQ ​KžQASJMQ  OS?QC  TCXCQ K?GMP AMK MQ
    A?P@MGBP?RMQBMOSCJGN”BGMQCNPMRC”​L?Q(QQMOSCPBGXCPOSC?SRGJGX?ŽMBCA?P@MGBP?RMQNMQQG@GJGR??M?RJCR?AMPPCP NCB?J?P
    MSL?B?PCKPGRKMQSQRCLRŠTCJK?GQPŠNGBM.SRP?T?LR?ECKB?SRGJGX?ŽMBMQA?P@MGBP?RMQAMKMQS@QRP?RMBCCLCPEG?
    OSC NMPSLGB?BCBCMVGE‘LGMAMLQSKGB?NCJMAMPNM ?NPMVGK?B?KCLRCK?GQ 3/NPMBSXGBMOS?LBMQCKCR?@MJGX?K
    A?P@MGBP?RMQ CK AMKN?P?ŽM AMK MQ JGN”BGMQ QQGK  ?M BCNCLBCP BMQ A?P@MGBP?RMQ AMKM NPGLAGN?J QS@QRP?RM BC CLCPEG?
    BSP?LRCMCVCPA”AGM?CP™@GM MAMPPCSQMK?GQC¤AGCLRCBMMVGE‘LGMAMLQSKGBMNCJMQ h žQASJMQCKCVCPA”AGM-?RP?LQGŽM
    BM PCNMSQM N?P? ? ?RGTGB?BC  ? SRGJGX?ŽM BC A?P@MGBP?RMQ AMKM QS@QRP?RM KCR?@™JGAM APCQAC C ? BC EMPBSP? BGKGLSG ?R
    ACPR?GLRCLQGB?BCBCCVCPA”AGM ACPA?BCBM5.KŠVN?P?MLŽMRPCGL?BM MA?P@MGBP?RMQCRMPL?MNPGLAGN?JQS@QRP?RM
    BCCLCPEG?TCPY(LRCP?CQBCQS@QRP?RMQ^ LM"?N”RSJM 
    . SQM QCJCRGTM BMQ A?P@MGBP?RMQ AMKM QS@QRP?RM KCR?@™JGAM BSP?LRC M CVCPA”AGM NPMJMLE?BM PCQSJR? CK BCNJCŽM BC
    EJGAME‘LGM FCNŠRGAM  HŠ OSC M D”E?BM RCLR? K?LRCP MQ L”TCGQ BC EJGAMQC Q?LES”​LC? C CTGR? ? BCNJCŽM BC EJGAME‘LGM LMQ ​
    KžQASJMQ CK CVCPA”AGM /MP CVCKNJM   F BC CVCPA”AGM BC ,5+<9(5*, BC ?JR? GLRCLQGB?BC PCBSX M EJGAME‘LGM FCNŠRGAM CK
    ACPA?BC-MCLR?LRM FBC?RGTGB?BCCVRPCK?CQEMR?OS?QCOSCAMKNJCR?KCLRCMEJGAME‘LGMR?LRMBMD”E?BMOS?LRM
    BM​KžQASJM(QQMKSGRMGKNMPR?LRC NMGQ?BCNJCŽMBCEJGAME‘LGMCQRŠJGE?B?D?BGE? RJCR?QBC,5+<9(5*,BCLMKGL?K
    BC/0;;05.;/,>(33MNMLRML?AMPPGB?CKOSCMAMPPC?BCNJCŽMBCEJGAME‘LGM-CQQCKMKCLRM MPGRKMLMOS?J??RGTGB?BC
    PC?​JG​X?B?NPCAGQ?QCPPCBSXGBM$K@MP?MQ KCA?LGQKMQ ¤QGMJ™EGAMQ OSCPCJ?AGML?K ?BCNJCŽMBCEJGAME‘LGMAMK?
    D?BGE?LŽMQCH?K AMKNJCR?KCLRCAMLFCAGBMQ BGTCPQMQD?RMPCQNMBCKCQR?PCLTMJTGBMQ

    TCJMAGB?BCK?GQJCLR?B?RP?LQDCP‘LAG?BCCLCPEG?B?QOSGJMA?JMPG?QCK 3/AMKMJGN”BGMCKAMKN?P?ŽMAMKM
    A?P@MGBP?RM MOSCPCOSCPOSCMPGRKMB??RGTGB?BCBGKGLS?
    .SQMBCEJGAMQCQ?LES”​LC?N?P??DSLŽM​GBC?JB?N?PRCACLRP?JBMQGQRCK?LCPTMQMGQQMNPGMPGB?BCCKPCJ?ŽMQ
    LCACQQGB?BCQBMQ​KžQASJMQCKRP?@?JFM
    .?SKCLRMB?BCNCLB‘LAG?B?Q¤@P?Qh SQASJ? mCQBMRGNM((AMK?GLRCLQG¤A?ŽMBMCVCPA”AGMCQQ?Q¤@P?QNPMBSXCK
    K?GQŠAGBMJŠARGAMBMOSC?Q¤@P?QBMRGNM(

    QQGK  ?GLB? OSC LŽM CQRCH? RMR?JKCLRC AJ?PM NMP OSC ? BCNJCŽM BC EJGAME‘LGM PCQSJR? CK D?BGE? BSP?LRC M CTCLRM BC
    ,5+<9(5*, CQRŠCTGBCLRCOSC?BCNJCŽMBCEJGAME‘LGMCQRŠPCJ?AGML?B?AMK?D?BGE?
    .KCR?@MJGQKMBMA?P@MGBP?RMR?K@KGKNMPR?LRCAMKMDMLRCBCCLCPEG?BSP?LRCMCVCPA”AGM?L?CP™@GM NCL?QM
    A?P@MGBP?RML?DMPK?BCEJGAMQCQ?LES”​LC?MSEJGAME‘LGM​KSQASJ?PNMBCQCPSQ?BMNCJ?EJGA™JGQCN?P?NPMBSXGP 3/CŠAGBM
    JŠARGAMMQJGN”BGMQLŽMNMBCKQCPSQ?BMQAMKMQS@QRP?RMN?P?MKCR?@MJGQKM?L?CP™@GMTCPY&JGA™JGQC^ LM"?N”RSJM 
    /CQOSGQ?Q PCTCJ?K OSC  AMLDMPKC ? GLRCLQGB?BC BM CVCPA”AGM ?SKCLR?  M KCQKM ?AMLRCAC AMK QCS SQM C BCNJCŽM BMQ
    CQRMOSCQ BC EJGAME‘LGM . EJGAME‘LGM ​KSQASJ?P A?G ACPA? BC  BSP?LRC ?Q QPGCQ BC :7905; BC  KGL BC AGAJGQKM CK
    PCQGQR‘LAG? GES?J ?  B?OSCJ? SQ?B? LM AMLQSKM BC MVGE‘LGM KŠVGKM . CVCPA”AGM PCQGQRGBM  BCTGBM  L?RSPCX?
    ?L?CP™@G? R?K@K@?QR?LRCBCNCLBCLRCB?EJGA™JGQCCNPMKMTC?BCNJCŽMBCEJGAME‘LGMBMQ​KžQASJMQCKCVCPA”AGM(QQM
     CQNCAG?JKCLRC TCPB?BC AMK SK? EP?LBC OS?LRGB?BC C KžJRGNJ?Q QPGCQ AMK PCQGQR‘LAG? QS@KŠVGK?  $K ECP?J  ?Q
    PCBSCQBMEJGAME‘LGMQŽMBC??N™QMCVCPA”AGMPCQGQRGBM AMKBGKGLSGŽMCQNCAG?JKCLRC?N?PCLRCL?Q¤@P?Q*
    KSQASJ?​PCQ BC RGNM (( /CQOSGQ? BCRCPKGLMS AMK AJ?PCX? OSC M KCR?@MJGQKM BM A?P@MGBP?RM  C NMPR?LRM ? GLECQRŽM BC
    A?P@MGBP?RMQ   GKNMPR?LRC N?P? ? PC?​JG​X?ŽM BMQ NPMRMAMJMQ BC RPCGL?KCLRM  R?LRM ?CP™@GM OS?LRM ?L?CP™@GM BC
    GLRCLQGB?BC C BSP?ŽM K?GQ ?JR? N CV  RPCGL?KCLRM GLRCPT?J?BM  CLRPCR?LRM  N?P? ? PC?​JG​X?ŽM BM RPCGL?KCLRM PCQGQRGBM
    R”NGAM  M OS?J R?K@K  SK? ?RGTGB?BC ?L?CP™@G?  GQQM  KCLMQ GKNMPR?LRC -?Q NP™VGK?Q QCCQ  BGQASRGKMQ BGDCPCLRCQ
    CQRP?REG?QBGCRRGA?QAMKM@HCRGTMBC?SKCLR?P?BGQNMLG@GJGB?BCBMA?P@MGBP?RMN?P?MKCR?@MJGQKM
    ,(6$5'($.6$,0*(56^1'(&$4%1,'4$615
    $K TGPRSBC B? BCNCLB‘LAG? BM A?P@MGBP?RM AMKM QS@QRP?RM BC CLCPEG? N?P? ? PC?​JG​X?ŽM BC OS?QC RMBMQ MQ RGNMQ BC
    ?RGTGB?BCD”QGA? RCK QCPCAMKCLB?BMOSCMQ?RJCR?QAMLQSK?KBGCR?QOSCAMLRCLF?KMQA?P@MGBP?RMQQS¤AGCLRCQ/?P??
    K?GMPG?BMQ?RJCR?Q BSP?LRCMRPCGL?KCLRM ?GLECQRŽMBGŠ​PG?PCAMKCLB?B?BCA?P@MGBP?RMQBCTCQCPBCNCJMKCLMQ
    B?QA?JMPG?QRMR?GQAMLQSKGB?Q-MCLR?LRM ?QLCACQQGB?BCQBCA?P@MGBP?RMQNMBCKQCPK?GMPCQN?P??JESLQ?RJCR?Q/MP
    CVCKNJM  PCAMKCLB? QC OSC BSP?LRC EP?LBCQ TMJSKCQ BC RPCGL?KCLRM ? GLECQRŽM BC A?P@MGBP?RMQ QCH? CJCT?B? Z BC  ?
    B?QA?JMPG?QRMR?GQAMLQSKGB?QZNCJMQ¤QGASJRSPGQR?QCMSRPMQ?RJCR?QBCDMP?.@QCPTCOSCCQQCT?JMPCQRŠBCLRPMB?
    T?PG?ŽM BC  ?  B?Q A?JMPG?Q RMR?GQ LMPK?JKCLRC PCAMKCLB?B?Q  C OSC ? GLECQRŽM BC A?P@MGBP?RMQ BMQ ?RJCR?Q BC
    ,5+<9(5*,NMBC?JA?L?PMT?JMPKŠVGKMBCQQ?T?PG?ŽMBCTGBM?M?JRME?QRMBCCLCPEG?AMKMRPCGL?KCLRM/?P?RMBMQ
    MQ ?RJCR?Q  ? GLECQRŽM GLQS¤AGCLRC BC A?P@MGBP?RMQ NMBC PCQSJR?P CK GLA?N?AGB?BC BC K?LSRCLŽM B? GLRCLQGB?BC C BM
    TMJSKCBCRPCGL?KCLRMPCBSŽMB?K?QQ?​KSQASJ?PC?B?NR?CQ¤QGMJ™EGA?QGL?BCOS?B?Q?MRPCGL?KCLRM  
    GLECQRŽMBCA?P@MGBP?RMQCQRŠAMPPCJ?AGML?B?AMKMAMLRCž​BMBCEJGAME‘LGM​KSQASJ?P QQGK ?QBGCR?QOSCMDCPCACK
    A?P@MGBP?RMQQS¤AGCLRCQK?LR‘KMAMLRCž _ M
    h SQASJ?PBCEJGAME‘LGMBCKMBMOSC?D?BGE?NMQQ?QCPNMQRCPE?B?MKŠVGKM
    NMQQ”TCJ BSP?LRC ? ?RGTGB?BC %GESP?   (QQM T?JC N?P? CQNMPRCQ ?CP™@GMQ  ?L?CP™@GMQ C GLRCPKGRCLRCQ @?QOSCRC@MJ
    TMJCG@MJCDSRC@MJ $LRPCR?LRM R?JTCXQCH?K?GQ?N?PCLRCL?Q?RGTGB?BCQBC,5+<9(5*,$QRSBMQBC @CKAMKM?JESLQ
    PC?​JG​X?BMQ BCNMGQ BGQQM   KMQRP?P?K OSC M RCKNM N?P? CV?SQRŽM  K?GMP OS?LBM QŽM GLECPGB?Q BGCR?Q PGA?Q CK
    A?P@MGBP?RMQ $K SK CQRSBM  NMP CVCKNJM  SK EPSNM BC NCQQM?Q QCESGS BCRCPKGL?B? BGCR? L? OS?J ACPA? BC  B?Q
    A?JMPG?Q RMR?GQ NPMTGLF?K BM A?P@MGBP?RM C MSRPM EPSNM QCESGS BGCR? OSC DMPLCAG?  B?Q A?JMPG?Q L? DMPK? BC
    A?P@MGBP?RM N™Q RP‘Q BG?Q BCQQ? GLECQRŽM BGCRRGA?  M RCKNM N?P? CV?SQRŽM LM AGAJGQKM ?  BM NGAM BC AMLQSKM BC
    MVGE‘LGMDMG N?P??K@?Q?QBGCR?Q BCACPA?BCKGL-MCLR?LRM ?N™QNCP”M​BMBCPCNMSQMBCKGL ?CV?SQRŽML??
    QPGC BC RP?@?JFM L? KCQK? A?PE? BC RP?@?JFM DMG BC   C  KGL N?P? MQ EPSNMQ B? BGCR? BC @?GV? C ?JR? GLECQRŽM BC
    A?P@MGBP?RMQPCQNCARGT?KCLRC#CTGBMBCNCLB‘LAG?BMA?P@MGBP?RMAMKMAMK@SQR”TCJKCR?@™JGAML?Q?RGTGB?BCQ?CP™@G?Q
    C?L?CP™@G?Q SK?OS?LRGB?BCQS¤AGCLRCBCA?P@MGBP?RMQNPCAGQ?QCPGLECPGB?L?BGCR?BM?RJCR? GLB?OSCMQA?P@MGBP?RMQ
    NMQQ?KQCPQGKNJCQMSAMKNJCVMQL?DMPK? ?BCNCLB‘LAG?BMKGL?LRCBM?RJCR?BCTCQCPBMQA?P@MGBP?RMQAMKNJCVMQL?
    BGCR? PCESJ?P  NMGQ MQ A?P@MGBP?RMQ AMKNJCVMQ PCOSCPCK @?QR?LRC RCKNM N?P? BGECQRŽM  M OSC QGELG¤A? BGXCP OSC MAMPPC
    JG@CP?ŽMJCLR?CPCESJ?PBCKMLMQQ?A?P”BGMQL?AMPPCLRCQ?LES”​LC?RMBMQMQA?P@MGBP?RMQQŽMAMLTCPRGBMQCKEJGAMQCMS
    E?J?ARMQC?LRCQBCQCPCKJG@CP?BMQLMQ?LESC CTGR?LBM BCQQCKMBM ?PCQNMQR??ESB?B?GLQSJGL?$KAMLQC​OS‘LAG? LM
    PCNMSQM  MQ A?P@MGBP?RMQ AMKNJCVMQ EPŽMQ  TCECR?GQ CRA  QŽM K?GQ NPMNCLQMQ  ?PK?XCL?ECK LM AMPNM L? DMPK? BC
    EJGAME‘LGM MOS?JNMBCQCPSQ?BMCKMSRPMKMKCLRMBSP?LRCMCVCPA”AGM$KAMLRP?QRC MQA?P@MGBP?RMQQGKNJCQNCV
    @?J? PCDPGECP?LRCCRA PCOSCPCKKSGRMNMSA?BGECQRŽMC NMPGQQM ?EJGAMQCJG@CP?B?AMKKSGR?P?NGBCXCCKEP?LBCQ
    OS?LRGB?BCQL?AMPPCLRCQ?LES”​LC?$QQCNGAML?EJGAMQCQ?LES”​LC?BCQCLA?BCG?SK??KNJ?PCQNMQR?B?GLQSJGL?C AMKGQQM
    LMPCNMSQM K?GQEJGAMQCAMLTCPRGB?C?PK?XCL?B?L?DMPK?BCEMPBSP?AMPNMP?J"J?P?KCLRC RMBMQMQ?RJCR?QCNCQQM?Q
    AMK AMLQAG‘L​AG? Q?SBŠTCJ BCTCK D?XCP SK CQDMPM C QC ACPRG¤A?P OSC ECP?JKCLRC MQ A?P@MGBP?RMQ AMLQSKGBMQ QŽM
    AMKNJCVMQ  C LŽM QGKNJCQ -? NP™VGK? QCŽM  QCPŽM CVNJMP?BMQ MQ CDCGRMQ BMQ ?JGKCLRMQ OSC NPMKMTCK ? JG@CP?ŽM BC
    EJGAMQCPŠNGB?CJCLR?LMQ?LESC
    86DA0 G8BC42>AA4;0sr>4=CA48=64BCr>3420A1>83A0C>B2>=C4​3>346;82>6u=8>​<DB2D;0A434B4<?4=7>
    34   IH@ILG? ; CHA?MNŠI >? =;L<IC>L;NIM ;OG?HN;
     I G?MGI I=ILL? =IG I AFC=IAHCI ​GOM=OF;L ? I
    N?GJIJ;L;?R;OMNŠIH;CHN?HMC>;>?MO<G†RCG;>I?R?L==CI !;>IM>?MNL;H>-, !C?N;H>;NBF?NC=J?L@ILG;H=?
    #?>?L;NCIH-LI=??>CHAM   

    T0',&(*.,&a/,&1
    .o>49357<93m=93?SK?KCBGB?PCJ?RGT?BM?SKCLRMB?AMLACLRP?ŽMBCEJGAMQCQ?LES”​LC?LMNCP”M​BMBCF?N™Q?
    GLECQRŽMBCSK?JGKCLRMAMLRCLBMEBCA?P@MGBP?RM#CNMGQBGQQM CQQCL”TCJAMKN?P?BMAMKMQ?JGKCLRMQN?BPŽM
    OSCAMLR‘KA?P@MGBP?RMZCKECP?J NŽM@P?LAMMSEJGAMQCZ MQOS?GQCJCT?KMQL”TCGQB?EJGAMQCQ?LES”​LC?AMK@?QR?LRC
    P?NGBCX . ”LBGAC EJGA‘KGAM N?BPŽM   2C SK ?JGKCLRM CJCT? ?Q AMLACLRP?CQ Q?LES”​LC?Q BC EJGAMQC CK  R?LRM
    OS?LRMMN?BPŽM AMLQGBCP? QCM”LBGACEJGA‘KGAMBC JGKCLRMQBC?JRM”LBGACEJGA‘KGAMMSK?GQ MDCPCACKTŠPG?Q
    T?LR?ECLQNMRCLAG?GQCKAMKN?P?ŽM?MQ?JGKCLRMQBC”LBGACEJGA‘KGAMKMBCP?BM? MS@?GVMMSKCLMQ NMGQ
    CJCT?K P?NGB?KCLRC ? EJGAMQC Q?LES”​LC? . ”LBGAC EJGA‘KGAM BC ?JESLQ ?JGKCLRMQ AMKSLQ CQRŠ L? 3?@CJ?  2C ?Q
    AMLACLRP?CQ BC EJGAMQC Q?LES”​LC? ?SKCLR?K AMK P?NGBCX  ? EJGAMQC NMBC QCP SQ?B? AMKM QS@QRP?RM KCR?@™JGAM
    P?NGB?KCLRC BSP?LRC M CVCPA”AGM JK BGQQM  QC ?Q AMLACLRP?CQ BC EJGAMQC Q?LES”​LC? QC CJCT?K BC K?LCGP? PŠNGB?  ?
    EJGAMQCQ?LES”​LC?NMBCQCPSQ?B?N?P??SKCLR?P?QAMLACLRP?CQCQEMR?B?QBCEJGAME‘LGM​KSQASJ?PCFCNŠRGAMBCK?LCGP?
    TCJMX ?HSB?LBM?PCASNC​P?ŽMCLRPC?QQPGCQPCNCRGB?QBCCVCPA”AGM
    JGKCLRMQAMK”LBGACEJGA‘KGAMKMBCP?BM??JRMNMBCKCJCT?PMEJGAME‘LGM​KSQASJ?PAMKK?GQTCJMAGB?BCBMOSCMQ
    ?JGKCLRMQ AMK @?GVM ”LBGAC EJGA‘KGAM $QQC CDCGRM NMBC QCP T?JGMQM OS?LBM QPGCQ QSACQQGT?Q BC CVCPA”AGM QŽM KSGRM
    NP™VGK?Q$LRPCR?LRM QC?QQPGCQBCCVCPA”AGMMSQCQQCQBCRPCGL?KCLRMQŽMQCN?P?B?QNMPJMLEMQNCP”M​BMQ AMKMF MQ
    ?JGKCLRMQR?LRMBC?JRMOS?LRMBC@?GVM”LBGACEJGA‘KGAMNPMKMTCPŽMMPCRMPLMBMEJGAME‘LGM​KSQASJ?P?ML”TCJLMPK?J
    OS?LBMA?P@MGBP?RMQQS¤AGCLRCQDMPCKGLECPGBMQ
    2SPNPCCLBCLRCKCLRC  KCQKM OSC MQ ?JGKCLRMQ BC ?JRM ”LBGAC EJGA‘KGAM CJCTCK ? EJGAMQC BM Q?LESC AMK P?NGBCX C
    PCQSJRCKLMPC?@?QRCAGKCLRMK?GQŠEGJBMEJGAME‘LGM​KSQASJ?P?N™QMCVCPA”AGM ?QNCQOSGQ?QLŽMAML¤PK?K@CLCD”AGMQLM
    BCQCKNCLFMBC,5+<9(5*,AMK?GLECQRŽMBC?JGKCLRMQBC?JRM”LBGACEJGA‘KGAM/MPCVCKNJM MBCQCKNCLFMBSP?LRCSK?
    NPMT? BC AGAJGQKM BC AMLRP?PPCJ™EGM BC  IK LŽM BGDCPGS CLRPC ?OSCJCQ OSC AMLQSKGP?K QSNJCKCLRMQ BC ?JRM ”LBGAC
    EJGA‘KGAMC?OSCJCQOSCGLECPGP?KQSNJCKCLRMQBC@?GVM”LBGACEJGA‘KGAMBSP?LRCMCTCLRM
    JKBMK?GQ ?QNCQOSGQ?QAMLBSXGB?Q?RFMHC?ACPA?BMCDCGRMBM”LBGACEJGA‘KGAMB?QPCDCGCQ?LRCQB?QAMKNCRGCQ
     KGL ?  F ?LRCQ B? ?RGTGB?BC  QM@PC M BCQCKNCLFM BC ,5+<9(5*, NPMBSXGP?K PCQSJR?BMQ ?K@”ESMQ     $K
    ECP?J LMCLR?LRM N?PCACOSC?GLECQRŽMBCSK?KGQRSP?BCA?P@MGBP?RMAMK”LBGACEJGA‘KGAMKMBCP?BMNMBCRCPCDCGRM
    K?GQNMQGRGTMBMOSC?QPCDCGCQAMK”LBGACEJGA‘KGAM?JRMMS@?GVM MOSCNMBCQCPCVNJGA?BM CKN?PRC NCJMQCDCGRMQBM
    ”LBGACEJGA‘KGAMBSP?LRCSKCTCLRMBC,5+<9(5*,JMLEM/MPCVCKNJM SK?JGKCLRMBC?JRM”LBGACEJGA‘KGAMNMBCA?SQ?P
    BCNCLB‘LAG?K?GMPBMKCR?@MJGQKMBMA?P@MGBP?RMBSP?LRC?QNPGKCGP?QFB??RGTGB?BC MOSCMA?QGML?BGQNMLG@GJGB?BC
    KCLMP BC A?P@MGBP?RM C  NMPR?LRM  K?GMP BCNCLB‘LAG? BM KCR?@MJGQKM BM JGN”BGM ?N™Q  F BC ?RGTGB?BC . PCQSJR?BM
    ECP?J  ? OSCB? LM BCQCKNCLFM CK CTCLRMQ BC ,5+<9(5*, BC JMLE? BSP?ŽM QQGK  N?P? ,5+<9(5*, BC JMLE? BSP?ŽM  M
    AMLQSKMBCSK?PCDCGŽMAMK?JRM”LBGACEJGA‘KGAM?LRCQBMCTCLRMNMBC BCD?RM NPMBSXGPMCDCGRMMNMQRM?MBCQCH?BM
    KCJFMP?@MPB?ECK?GLECQRŽMBCSK?PCDCGŽMAMKA?P@MGBP?RMQBC”LBGACEJGA‘KGAMKMBCP?BM?LRCQB?AMKNCRGŽM HŠ
    OSCDMPLCACPŠMQA?P@MGBP?RMQ?BCOS?BMQN?P?QSQRCLR?PMBCQCKNCLFMBC,5+<9(5*,BGDCPCLRCKCLRCB?PCDCGŽMBC@?GVM
    ”LBGAC EJGA‘KGAM  QCK CJCT?P KSGRM ? EJGAMQC Q?LES”​LC? BC KMBM ? BCQCLA?BC?P ? ?KNJ? PCQNMQR? B? GLQSJGL? C ?
    AMLQCOSCLRC FGNMEJGACKG? PC?RGT? .Q CDCGRMQ BM ”LBGAC EJGA‘KGAM QM@PC M BCQCKNCLFM PCOSCP K?GQ CQRSBMQ  NMPK MQ
    @CLCD”AGMQ B?Q CQRP?REG?Q BGCRRGA?Q N?P? ?SKCLR?P M AMLRCž​BM BC EJGAME‘LGM ​KSQASJ?P NPMKMTCLBM ? KCJFMP? LM
    BCQCKNCLFMBC,5+<9(5*,QŽM@CKCQR?@CJCAGBMQCCVNJMP?BMQL?NP™VGK?QCŽM

    '-.18-Z:05/1385/g95/;0;?-8591:@;?

    d=38246;82u<82>A4;0C8E>q
    ;8<4=C> 6;82>B4

    <9=5>D?C45o>49357<93m=93?1<D?
    ?E=19C
    &JGAMQC 
    !?PP?QBCDPSR?NPMACQQ?B?BCKMP?LEM 
    !MJ?AF?QBC?PPMXRSD?BM 
    !?J?RGNM#CJGA?BMl 
    !?R?R??QQ?B?PCAFC?B? 
    %JMAMQBCKGJFM 
    /ŽM@P?LAM 
    $(-t,: 
    !GQAMGRMQBCŠES?CQ?J 
    !GQL?E?@P?LA? 
    <9=5>D?C45o>49357<93m=93?=?45B14?1
    "CPC?J2NCAG?J*l 
    "MOSCRCJBCQSAMBC*9(5),99@ 
    2MPTCRCBCAFMAMJ?RC 
    PPMX@P?LAM AMXGBM 
    "MA? AMJ?l 
    /07:BCKGJFM 
    !?R?R? BMAC 
    ,GJFM BMAC 
    @?A?VG APS 
    2SAMBCJ?P?LH? 
    <9=5>D?C45o>49357<93m=93?219H??E=5>?C
    ,GLE?SBC?TCG? 
    !?L?L? ?K?PCJ? 
    %CGHŽMAMXGBM 
    66+3,: 
    "CPC?J JJ !P?LBl 
    /ŽMBCACLRCGM 
    2SAMBCK?Ž LŽM?BM?BM 
    %CGHŽM PMVGLFM 
    (MESPRCAMKPCBSŽMBCEMPBSP? 
    +CGRCGLRCEP?J 

    #?BMQBC%MQRCP /MUCJJ* 'MJR2' !P?LB ,GJJCP)"(LRCPL?RGML?JR?@JCMDEJWACKGAGLBCV?LBEJWACKGAJM?BT?JSCQ


     K)"JGL-SRP 

    1%4(&$4*$'(&$4%1,'4$61
     BCNJCŽM B?Q PCQCPT?Q BC EJGAME‘LGM ​KSQASJ?P MAMPPC BC K?LCGP? NPCTGQ”TCJ LMQ žJRGKMQ CQRŠEGMQ B? ?RGTGB?BC BC
    ,5+<9(5*, NPMTMA?LBMD?BGE?$KTGPRSBCBGQQM CQRP?REG?QL?BGCR?CLMRPCGL?KCLRMDMP?KBCQCLTMJTGB?QN?P??SKCLR?P
    MQCQRMOSCQBCEJGAME‘LGM​KSQASJ?PCFCNŠRGAM ?QOS?GQDMP?KAF?K?B?QBCC?2B531B714531B2?94B1D? QM@PCA?PE?BC
    A?P@MGBP?RMPCQSJR?BCCQRSBMQPC?​JG​X?BMQLM¤L?JB?BA?B?BC MQOS?GQBCKMLQRP?P?KOSCBGTCPQMQBG?QBCBGCR?BC
    @?GV? GLECQRŽM BC A?P@MGBP?RMQ CQEMR?K M EJGAME‘LGM ​KSQASJ?P C PCBSXCK M BCQCKNCLFM LM AGAJGQKM BC ,5+<9(5*, CK
    AMKN?P?ŽM AMK ? BGCR? AMK OS?LRGB?BC KMBCP?B? BC A?P@MGBP?RMQ "MK ? GLECQRŽM QS@QCOSCLRC BC BGCR? PGA? CK
    A?P@MGBP?RMQBSP?LRCTŠPGMQBG?Q MQCQRMOSCQBCEJGAME‘LGM¤A?KQSNCPAMKNCLQ?BMQCMRCKNMN?P?CV?SQRŽMBMAGAJGQKM
    ?SKCLR?BM'MHCCKBG? Q?@C QC@CKOSC?QM@PCA?PE?BCA?P@MGBP?RMA?N?XBCOS?QCBM@P?P?KKMJãIEZNMP
    NCQMJ”OSGBM MT?JMPLMPK?JCKPCNMSQMBMEJGAME‘LGM​KSQASJ?P?NPMVGK?B?KCLRCKKMJãIEZNMPNCQMJ”OSGBM  
     K?GMPG? BMQ CQRSBMQ R?K@K GLBGA? OSC ? QM@PCA?PE? BC A?P@MGBP?RM NMBC KCJFMP?P M BCQCKNCLFM ECP?J L?Q
    ?RGTGB?BCQBC,5+<9(5*,  $K@MP??KCG?K?P?RML?C?AMPPGB?BCIKQCH?KKSGRMASPR?QN?P?M@RCP@CLCD”AGMQ
    B? QM@PCA?PE? BC A?P@MGBP?RM  MQ BCQCKNCLFMQ BSP?LRC ? AMPPGB? *96::*6<5;9@ BC  IK  AMPPGB? BC  IK L? CQRCGP? C
    AMPPGB?BCIKL?CQRCGP?QŽM@CKKCJFMPCQ?N™Q?QM@PCA?PE?BCA?P@MGBP?RM JKBGQQM AMLQR?RMS QCOSC?QM@PCA?PE?
    BCA?P@MGBP?RMCDCRGT?CKGL​BG​T”​BSMQRPCGL?BMQCLŽMRPCGL?BMQ 3GNGA?KCLRC OS?LBMMBCQCKNCLFMBC,5+<9(5*,
    KCJFMP  ? QM@PCA?PE? BC A?P@MGBP?RM LŽM NMQQG@GJGR? A?N?AGB?BC BC ?SKCLR?P M PGRKM KŠVGKM BC AMPPGB?  K?Q NCPKGRC
    K?LRCPCQQCPGRKMNMPSKNCP”M​BMK?GQJMLEM PCQSJR?LBMCKSKPGRKMK?GQPŠNGBML?NPMVGKGB?BCBM¤KBMCTCLRM
    AMKMLMQžJRGKMQIKBCSK?AMPPGB?BCIK
    .KRMBMMPGEGL?JMSAJŠQQGAMB?QM@PCA?PE?BCA?P@MGBP?RMAMLQGQRCCKTŠPG?QD?QCQ
     BG?BCCVCPA”AGMBC,5+<9(5*,JMLEMCTGEMPMQMN?P?CQEMR?PMQCQRMOSCQBCEJGAME‘LGM​KSQASJ?P
     BG?QBCBGCR?PGA?CKEMPBSP?NPMRC”​L?@?GV?BCA?P@MGBP?RM AMKAML​RG​LS?ŽMBMRPCGL?KCLRMN?P?CQEMR?PK?GQMS
    K?LRCP?BCNJCŽMBMQCQRMOSCQBCEJGAME‘LGM​KSQASJ?P
     #GCR?PGA?CKA?P@MGBP?RMQBCA?P@MGBP?RMB?QA?JMPG?QRMR?GQ AMKNMSAMMSLCLFSKRPCGL?KCLRMNMPBG?Q
    $QQC KRMBM AJŠQQGAM BC QM@PCA?PE? BC A?P@MGBP?RM MDCPCAC ?JESK?Q BCQT?LR?ECLQ N?P? M ?RJCR? BC ,5+<9(5*, /MP
    CVCKNJM  PCOSCP QCRC BG?Q N?P? ?RGLEGP ? QSNCPAMKNCLQ?ŽM BM EJGAME‘LGM  M OSC NMBC GLRCPDCPGP L? NPCN?P?ŽM N?P? M
    CTCLRMAMKNCRGRGTMNMPTGP JKBGQQM ?JESLQ?RJCR?QRMJCP?KKSGRMK?J?BGCR?BC?JR?GLECQRŽMBCEMPBSP?QNPMRC”​L?QC
    A?P@MGBP?RMQBMKRMBMBCQM@PCA?PE?BCA?P@MGBP?RM/?P??JGTG?P?JESLQBCQQCQNPM@JCK?QNPŠRGAMQC?GLB?RCPMCDCGRMBC
    QSNCPAMKNCLQ?ŽMBMEJGAME‘LGM DMP?KBCQCLTMJTGB?QCQRP?REG?QKMBG¤A?B?QBCRPCGL?KCLRMCBGCR?N?P?CQQCKRMBM
    4KBCQQCQNJ?LMQKMBG¤A?BMQ  PCTCJMSCJCT?ŽMBMQL”TCGQBCEJGAME‘LGM​KSQASJ?P?RSKEP?SQGKGJ?POSCJCBM
    KRMBMAJŠQQGAMB?QM@PCA?PE?BCA?P@MGBP?RM.NJ?LMKMBG¤A?BM/J?LMKMBG¤A?BM3?@CJ? LŽMGLAJSG?D?QCB?
    ?JR? GLECQRŽM BC EMPBSP?QNPMRC”​L?Q C BC @?GVM AMLQSKM BC A?P@MGBP?RMQ BM NJ?LM AJŠQQGAM -M CLR?LRM  CQQC NJ?LM
    KMBG¤A?BM?GLB?PCOSCPTŠPGMQBG?QN?P?QCPAMKNJCR?BMC NMPR?LRM NMBCGLRCPDCPGPLMRPCGL?KCLRM
    .SRP?CQRP?REG?KMBG¤A?B?B?QM@PCA?PE?BCA?P@MGBP?RMLŽMGLAJSG?D?QCBCQRGL?B?GKCLQ?BCNJCŽMBMEJGAME‘LGM*
    KSQASJ?P"MKCQQ?CQRP?REG? MRCKNMBCRPCGL?KCLRMEP?BS?JKCLRCPCBSXGBMBCN?P?KGL?MJMLEMBCBG?Q
    QCESGBMNMPBG?BCPCNMSQM/J?LMKMBG¤A?BM3?@CJ?  JKBGQQM BSP?LRCMQRP‘QNPGKCGPMQBG?Q ?BGCR?AMLQGQRC
    CK  BC A?P@MGBP?RMQ C  LMQ žJRGKMQ RP‘Q BG?Q  ? BGCR?  AMKNMQR? NMP  BC A?P@MGBP?RMQ  M OSC ECP? AMLRCž​BM BC
    EJGAME‘LGM​KSQASJ?PBS?QTCXCQK?GQCJCT?BMOSC?OSCJCM@QCPT?BMQM@AMLBGCQLMPK?GQCK?GQMSKCLMQMKCQKMOSC
    ?OSCJCNPMBSXGBMNCJ?QCQRP?REG?QK?GQPGEMPMQ?QB?QM@PCA?PE?BCA?P@MGBP?RM
    JKB??RGTGB?BC?CP™@G? MEJGAME‘LGM​KSQASJ?PSQ?BMAMKMAMK@SQR”TCJKCR?@™JGAMBSP?LRCMCVCPA”AGM?L?CP™@GM
    /MPR?LRM ??RGTGB?BC?L?CP™@G?NMBCQCPTGPAMKMQS@QRGRSRMCDCRGTMBMCVCPA”AGM?CP™@GMLMQNPMRMAMJMQBCQM@PCA?PE?BC
    EJGAME‘LGMBCQAPGRMQ?LRCPGMPKCLRC/J?LMKMBG¤A?BM3?@CJ? #CD?RM ?NCQOSGQ?TCKBCKMLQRP?LBMOSCNCB?J?P
    QCKGLRCLQGB?BCCOSGT?JCLRC?BMAMLQSKMBCMVGE‘LGMKŠVGKMQCESGBMNMPSK:7905;BCCVNJMQŽMKŠVGK?BC
    QBCAGAJGQKMCDCRGT?KCLRCJCT?BCNJCŽMBMEJGAME‘LGM​KSQASJ?PLCACQQŠPGMBSP?LRC?QD?QCQGLGAG?GQB?QCQRP?REG?QBC
    QM@PCA?PE? BC EJGAME‘LGM #SP?LRC M NCP”M​BM BC  F ?N™Q ? ?RGTGB?BC ?L?CP™@G? BC AGAJGQKM  EP?LBCQ OS?LRGB?BCQ BC
    A?P@MGBP?RMQŽMGLECPGB?QCNPMBSXCKOS?QCMBM@PMBMAMLRCž​BMBCEJGAME‘LGM​KSQASJ?P?KKMJãIEZNMPNCQM
    J”OSGBM  $QQC ?SKCLRM  QGKGJ?P OSCJC M@QCPT?BM OS?LBM M CVCPA”AGM ?CP™@GM  SQ?BM GLGAG?JKCLRC N?P? CQEMR?P ?Q
    PCQCPT?QBCEJGAME‘LGM​KSQASJ?P

    '-.18- '5<;?01?;.>1/->3-01/->.;50>-@;

    80B
    0=C4B3> DA0sr>3>
    4E4=C> =C4=B830343>CA48=0<4=C> CA48=0<4=C> =64BCr>3420A1>83A0C>B
    &<1>?=?49{314?
     ,MBCP?B?BM5\.NGAM KGL #GCR?LMPK?JEãIEZB?K?QQ?AMPNMP?J
    ? ,MBCP?B?BM5\.NGAM KGL #GCR?LMPK?JEãIEZB?K?QQ?AMPNMP?J
    ? ,MBCP?B?BM5\.NGAM KGL 1GA?CKA?P@MGBP?RMEãIEZB?K?QQ?
    AMPNMP?J
     1CNMSQM KGL 1GA?CKA?P@MGBP?RMEãIEZB?K?QQ?
    AMPNMP?J
    &<1>?=?49{314?
     ,MBCP?B?BM5\.NGAM KGL #GCR?LMPK?JEãIEZB?K?QQ?AMPNMP?J
     ,MBCP?B?BM5\.NGAM KGL #GCR?LMPK?JEãIEZB?K?QQ?AMPNMP?J
     ,MBCP?B?BM5\.NGAM KGL #GCR?LMPK?JEãIEZB?K?QQ?AMPNMP?J
     ,MBCP?B?BM5\.NGAM KGL 1GA?CKA?P@MGBP?RM EãIEZB?K?QQ?
    AMPNMP?J
     ,MBCP?B?BM5\.NGAM KGL 1GA?CKA?P@MGBP?RM EãIEZB?K?QQ?
    AMPNMP?J
     1CNMSQM KGL 1GA?CKA?P@MGBP?RM EãIEZB?K?QQ?
    AMPNMP?J
    &<1>?=?49{314? )?2B531B71Bg@9414531B2?94B1D?C
     "GAJGQKM?BM5\.NGAM QQCESGBMQBC #GCR?LMPK?J EãIEZB?K?QQ?AMPNMP?J
    :7905;BCCVNJMQŽM
    KŠVGK?BCQ
     1CNMSQM KGL 1GA?CKA?P@MGBP?RM EãIEZB?K?QQ?
    AMPNMP?JK?EP?

    1CACLRCKCLRC  KMQRPMS QC OSC ? CQRP?REG? BM PCNMSQM ?AMNJ?BM ?NCL?Q  ?JR? GLECQRŽM BC A?P@MGBP?RMQ AMLQCESC  BC
    D?RM  NPMKMTCP ? QSNCPAMKNCLQ?ŽM BM EJGAME‘LGM ​KSQASJ?P RJCR?Q BC ,5+<9(5*, BM QCVM K?QASJG​LM @CK RPCGL?BMQ OSC
    PCNMSQ?P?K NMP  BG?Q C GLECPGP?K EP?LBCQ OS?LRGB?BCQ BC A?P@MGBP?RMQ  EãIE K?QQ? AMPNMP?JZãBG?Z  BCKMLQRP?P?K
    OS?QC M BM@PM B? AMLACLRP?ŽM BC EJGAME‘LGM ​KSQASJ?P . GLRCPCQQ?LRC  OSC M EJGAME‘LGM ​KSQASJ?P ?N™Q M M BG? HŠ
    F?TG?OS?QCBM@P?BM?KKMJãIEZNMPNCQMJ”OSGBM CLMQBG?QPCQR?LRCQNCPK?LCACSCQRŠTCJ ?NCQ?PB?AML​RG​
    LS?ŽMB??JR?GLECQRŽMBCA?P@MGBP?RMQ(QQMGLBGA?OSCLMQ?RJCR?QBC,5+<9(5*,RPCGL?BMQ LCLFSK?CQRP?REG?CVAJSQGT?BC
    QM@PCA?PE?BCA?P@MGBP?RMLCACQQŠPG?COSC AMK?GLECQRŽM?BCOS?B?BCA?P@MGBP?RMQ ?QAMLACLRP?CQBCEJGAME‘LGM​
    KSQASJ?PQŽMK?VGKGX?B?QCK?FC ?RKCQKM CKF
    $K@MP? CQRCH? @CK BMASKCLR?BM OSC ? QM@PCA?PE? BC A?P@MGBP?RM NMBC KCJFMP?P BC K?LCGP? QGELG¤A?RGT? M
    BCQCKNCLFMBC,5+<9(5*,CKCTCLRMQOSCBSP?KK?GQBCF MQCQRSBMQLŽMAMLQCESGP?KAMLQR?R?POSCCQQ?K?LGNSJ?ŽM
    BGCRRGA?AMLQCESCKCJFMP?PAMKC¤AŠAG?MBCQCKNCLFM?L?CP™@GM(QQMGLBGA?OSCMEJGAME‘LGM​KSQASJ?PLŽMJGKGR?M
    BCQCKNCLFM LCQQC RGNM BC ?RGTGB?BC C OSC MSRPMQ D?RMPCQ  AMKM M ?SKCLRM B? ?AGBCX  PCQRPGLECK M BCQCKNCLFM CK
    ?RGTGB?BCQBCEP?LBCNMR‘LAG?CASPR?BSP?ŽM#CQQCKMBM ?NCL?Q?OSCJCQ?RJCR?QOSCPC?​JG​X?KCTCLRMQCQNCA”¤AMQ GQRM
    ?RGTGB?BCQBC,5+<9(5*,AMKNCJMKCLMQFBCBSP?ŽM QC@CLC¤AG?KB?QM@PCA?PE?BCEJGAME‘LGMh SQASJ?P RJCR?QBC
    CTCLRMQ BC ,5+<9(5*, BC BSP?ŽM K?GQ ASPR?  @CK AMKM ?OSCJCQ OSC BCNCLBCK  QM@PCRSBM  BM KCR?@MJGQKM ?L?CP™@GM
    BSP?LRC?Q?RGTGB?BCQCQNMPRGT?Q LŽMQCD?TMPCACKB?QCQRP?REG?QBCQM@PCA?PE?BCA?P@MGBP?RM BCTCLBM?NCL?QK?LRCP?
    BGCR?LMPK?J AMK?BMRMR?JBCOSGJMA?JMPG?QAMLQSKGBMRMBMQMQBG?QNPMTCLGCLRCBMQA?P@MGBP?RMQ

    (%,'$5(52146,8$5&1/&$4%1,'4$615((.(64e.,615
    Q @C@GB?Q CQNMPRGT?Q OSC AMLR‘K A?P@MGBP?RMQ C CJCRP™JGRMQ DMP?K CJ?@MP?B?Q N?P? KCJFMP?P M BCQCKNCLFM D”QGAM
    DMPLCACLBMSK?DMLRCCV™ECL?BCEJGAMQCCNMQQG@GJGR?LBM?CAMLMKG?BMEJGAME‘LGM​KSQASJ?P JKBGQQM CQQ?Q@C@GB?Q
    NPCRCLBCK PCNMP MQ T?JGMQMQ CJCRP™JGRMQ NCPBGBMQ LM QSMP  MQ OS?GQ QŽM LCACQQŠPGMQ N?P? ? ?BCOS?B? DSLŽM LCPTMQ?  ​
    KSQASJ?P C A?PB”?​A?  C PCQRSGŽM B? ŠES? NCPBGB? L? RP?LQNGP?ŽM  CTGR?LBM ? BCQGBP?R?ŽM  CDCRGTGB?BC B?Q @C@GB?Q
    CQNMPRGT?QBCNCLBCB?TCJMAGB?BCCKOSCN?QQ?KNCJMCQRšK?EMCQT?XG?KCLRMEŠQRPGAM CNCJMGLRCQRGLMBCJE?BM MLBC?
    ?@QMPŽMBCŠES? A?P@MGBP?RMQCCJCRP™JGRMQMAMPPC%GESP?  Q@C@GB?QCQNMPRGT?QDMP?KCQNCAG¤A?KCLRCDMPKSJ?B?Q
    L?RCLR?RGT?BC?SKCLR?P?R?V?BC?@QMPŽMBCA?P@MGBP?RMQCJ”OSGBMQ$QQ?DMPKSJ?ŽMGKNMPR?LRC NMGQAMK?Q?JR?Q
    GLRCLQGB?BCQBCCVCPA”AGMCBCQGBP?R?ŽM MCQT?XG?KCLRMEŠQRPGAMBGKGLSG NPCHSBGA?LBM?AFCE?B?B?@C@GB??MGLRCQRGLM
    BCJE?BM . AMLRCž​BM BC CJCRP™JGRMQ C A?P@MGBP?RMQ B?Q @C@GB?Q CQNMPRGT?Q C M CDCGRM QM@PC ? ?@QMPŽM BC A?P@MGBP?RMQ C
    J”OSGBMQQCPŽMCVNJMP?BMQL?QNP™VGK?QQCCQ
    86DA0   8E4AB>B 50C>A4B 054C0< > 4BE0H80<4=C> 6oBCA82> 4 0 01B>Asr> 34 ;w@D83>B 4 20A1>83A0C>B ?4;>
    8=C4BC8=>34;603>M<?<C>;M?MJILNCP;M=IG=;L<IC>L;NIM??F?NL•FCNIM@IL;G@ILGOF;>;MH;N?HN;NCP;>?;OG?HN;L
    N;HNI ; ;<MIL‹ŠI >? =;L<IC>L;NIM KO;HNI >? FKOC>I J?FI CHN?MNCHI >?FA;>I  )C@?/1 CG;A? =IJSLCABN k 
    )CJJCH=INN4CFFC;GM4CFECHM 1I>IMIM>CL?CNIML?M?LP;>IM 

    ><?>B8sr>3>20A1>83A0C>30B141830B4B?>AC8E0B
    . A?P@MGBP?RM  M NPGLAGN?J AMKNMLCLRC B?Q @C@GB?Q CQNMPRGT?Q NMP QCP M QS@QRP?RM DSLB?KCLR?J BM KCR?@MJGQKM 0 ,
    NPMBSŽM BC 3/  BSP?LRC M CVCPA”AGM . RGNM C ? AMLACLRP?ŽM BM A?P@MGBP?RM QŽM MQ BMGQ D?RMPCQ NPGLAGN?GQ ? QCPCK
    AMLQGBCP?BMQ?MBCRCPKGL?P?AMKNMQGŽM?BCOS?B?BCQQ?Q@C@GB?QBCPCNMQGŽM$QQCQBMGQD?RMPCQ?DCR?K??C=?<1<94145
    B?Q@C@GB?QCQNMPRGT?QMS?P?XŽMBMQQMJSRMQCKPCJ?ŽM?MJ”OSGBM4K?TCXOSC?ŠES?YQCESCMQMJSRM^ ?QMJSŽMAMK
    MQKMJ?JGB?BCGLDCPGMPBMRCAGBMAMPNMP?JFGNMRšLGA? D?XAMKOSC?ŠES?QCBCQJMOSCN?P?BCLRPMB?QAJSJ?QBMAMPNM
    CLOS?LRM?QMJSŽMAMKMQKMJ?JGB?BCK?GMPOSC?BMRCAGBMAMPNMP?JFGNCPRšLGA? NPMKMTC?Q?”​B?B?ŠES?B?QAJSJ?QBM
    AMPNM QQGK  ? RMLGAGB?BC  M@TG?KCLRC SK D?RMP GKNMPR?LRC ? QCP AMLQGBCP?BM ?M DMPKSJ?P @C@GB?Q CQNMPRGT?Q 2C ?
    MQKMJ?JGB?BC B?Q @C@GB?Q CQNMPRGT?Q DMP KSGRM ?JR?  BGKGLSG ? ?@QMPŽM BC J”OSGBMQ  M OSC NMBC KGLGKGX?P MQ CDCGRMQ B?
    FGBP?R?ŽMB?Q@C@GB?QCQNMPRGT?Q MQKMJ?JGB?BCBCSK?QMJSŽMBCNCLBCB?OS?LRGB?BCBCKMJASJ?QBCQMJSRM CLŽMBM
    QCS R?K?LFM +MEM  ? KCQK? OS?LRGB?BC BC KMJASJ?Q BC A?P@MGBP?RMQ EP?LBCQ MS AMKNJCVMQ TCP "?N”RSJM   APG? ?
    KCQK? MQKMJ?JGB?BC OSC ? KMJASJ? NCOSCL? MS QGKNJCQ BC A?P@MGBP?RM $LRPCR?LRM  ? KMJASJ? EP?LBC BC A?P@MGBP?RM
    CJCT? M AMLRCž​BM RMR?J BC A?P@MGBP?RM B?Q @C@GB?Q CQNMPRGT?Q C  QC ?@QMPTGB? NCJM GLRCQRGLM BCJE?BM  ?SKCLR? ?
    BGQNMLG@GJGB?BCBCA?P@MGBP?RMRMR?JN?P?MKCR?@MJGQKM
    .Q A?P@MGBP?RMQ BGDCPCLRCQ QŽM ?@QMPTGBMQ NCJM GLRCQRGLM BCJE?BM NMP KCA?LGQKMQ BGQRGLRMQ /MP CVCKNJM  ? EJGAMQC 
    ?@QMPTGB?NMPRP?LQNMPRC?RGTM CLOS?LRM?DPSRMQCNMPBGDSQŽMD?AGJGR?B?NCJ?QAJSJ?QBMGLRCQRGLMBCJE?BM#CQQCKMBM
    ? GLAJSQŽM BC K?GQ BC SK RGNM BC A?P@MGBP?RM NMBC ?SVGJG?P ? ?@QMPŽM RMR?J BC A?P@MGBP?RMQ v NPCAGQM JCK@P?P  LM
    CLR?LRM  OSC EP?LBC N?PRC BMQ A?P@MGBP?RMQ QGKNJCQ  AMLTCPRGB? NCJM D”E?BM CK EJGAMQC  NMGQ ? EJGAMQC  M QS@QRP?RM
    NPCBMKGL?LRCBMKCR?@MJGQKMTCP"?N”RSJM  QDMPK?QK?GQAMKSLQBCA?P@MGBP?RM AMKMEJGAMQC Q?A?PMQC DPSRMQCC
    NMJ”KCPMQBCEJGAMQCKMJASJ?QBCA?BCG?QASPR?QBCEJGAMQC QŽMC¤A?XCQL?K?LSRCLŽMB?AMLACLRP?ŽMQ?LES” i C?BC
     
    EJGAMQC C L? KCJFMP? BM BCQCKNCLFM BC ,5+<9(5*,  -M CLR?LRM  ?Q CTGB‘LAG?Q QŽM GLAMLAJSQGT?Q C AMLRP?BGR™PG?Q AMK
    PCJ?ŽMQT?LR?ECLQCBCQT?LR?ECLQBMQTŠPGMQRGNMQBCA?P@MGBP?RMQ
    .QNMJ”KCPMQBCEJGAMQC MS=1<D?45HDB9>1C CJCT?KMAMLRCž​BMBCA?P@MGBP?RMQB?Q@C@GB?QCQNMPRGT?QQCK?SKCLR?P?
    MQKMJ?JGB?BC CBCGV?K?Q@C@GB?QK?GQEMQRMQ?Q MOSCCQRGKSJ?MAMLQSKM-MCLR?LRM ?QS@QRGRSGŽMBMQNMJ”KCPMQBC
    EJGAMQC NMP EJGAMQC JGTPC LŽM GLRCPDCPC L? PCQNMQR? B? EJGAMQC Q?LES”​LC? MS LM BCQCKNCLFM LM CVCPA”AGM #? KCQK?
    K?LCGP?  M SQM BC TŠPGMQ RGNMQ BC ?žA?PCQ QGKNJCQ Q?A?PMQC  DPSRMQC C EJGAMQC  L? @C@GB? CQNMPRGT? LŽM ?DCR?
    QGELG¤A?RGT?KCLRC?PCQNMQR?B?EJGAMQCQ?LES”i C?MSMBCQCKNCLFMBMCVCPA”AGMBC,5+<9(5*,$LRPCR?LRM ?AMK@GL?ŽM
    BCEJGAMQCCDPSRMQCCKOS?LRGB?BCQGES?GQGLRCLQG¤A?CDCRGT?KCLRC?MVGB?ŽMBCA?P@MGBP?RMCV™ECLM CLOS?LRM?DPSRMQC
    GQMJ?B?KCLMQMVGB?B?BSP?LRCMCVCPA”AGMBMOSC?EJGAMQCMSMQNMJ”KCPMQBCEJGAMQC/MPGQQM ?K?GMPG?B?Q@C@GB?Q
    CQNMPRGT?Q AMLRK SK? AMK@GL?ŽM BC EJGAMQC  Q?A?PMQC C NMJ”KCPMQ BC EJGAMQC  ?JK BC V?PMNC BC KGJFM AMK @?QR?LRC
    DPSRMQC$QQ?AMKNMQGŽMNCPKGRCOSCCJ?QQCD?TMPC?KBMNMQQ”TCJCDCGRMBMQTŠPGMQRGNMQBCA?P@MGBP?RMQQM@PC?R?V?BC
    ?@QMPŽM OSCRCLF?KQ?@MPK?GQEMQRMQMN?P?CQRGKSJ?PMAMLQSKMCOSCKGLGKGXCKMCDCGRMLCE?RGTMB?MQKMJ?JGB?BC
    QM@PC?QR?V?QBC?@QMPŽMBCJ”OSGBMLMQ?LESC
     AMLACLRP?ŽM BC A?P@MGBP?RM L?Q @C@GB?Q CQNMPRGT?Q ?DCR? LŽM ?NCL?Q ? MQKMJ?JGB?BC  K?Q R?K@K ? OS?LRGB?BC BC
    A?P@MGBP?RM BGQNML”TCJ N?P? ?@QMPŽM  C  AMK GQQM  QS? SRGJGX?ŽM AMKM QS@QRP?RM KCR?@™JGAM !MVC   "MLACLRP?CQ
    CJCT?B?QBCA?P@MGBP?RMQPCR?PB?KMCQT?XG?KCLRMEŠQRPGAM MS??@QMPŽMBCJ”OSGBM NMPK?SKCLR?K?OS?LRGB?BCRMR?J
    BC A?P@MGBP?RMQ ?@QMPTGBMQ JK BGQQM  QC ? AMLACLRP?ŽM BC A?P@MGBP?RMQ DMP CJCT?B? M QS¤AGCLRC K?GQ BC  ?   ?
    MQKMJ?JGB?BC QCPŠ ?JR? M @?QR?LRC N?P? A?SQ?P QCAPCŽM BC ŠES? B?Q N?PCBCQ BM GLRCPGMP BM GLRCQRGLM %GESP? 
    CV?ACP@?LBM NMRCLAG?JKCLRC ? BCQGBP?R?ŽM JR?Q AMLACLRP?CQ BC A?P@MGBP?RMQ NMBCK ECP?P R?K@K NPM@JCK?Q
    E?QRPGLRCQRGL?GQ
     GLECQRŽM BC ACPA? BC  E BC A?P@MGBP?RM NMP OSGJMEP?K? BC K?QQ? AMPNMP?J NMP FMP?  QS¤AGCLRC N?P? KCJFMP?P M
    CVCPA”AGMNPMJMLE?BM/?P?SKAMPPCBMPBCK?P?RML?BCIK GQQMQGELG¤A??GLECQRŽMKBG?BCACPA?BC lMS
    KlãFZBC@C@GB?CQNMPRGT?OSCAMLRCLF?BCA?P@MGBP?RMQ$QQ?OS?LRGB?BCNMBCQCPNMQQ”TCJN?P??JESLQ K?QLŽMN?P?
    MSRPMQ HŠOSC?K?GMPG?B?QNCQQM?Q@C@C?NCL?Q?KlãFZ GLECQRŽMBC?JESKA?P@MGBP?RM KCQKMOSCLŽMQCH??
    OS?LRGB?BC KŠVGK? LCACQQŠPG? BSP?LRC ? ?RGTGB?BC  NPMKMTC ? KCJFMP? BM BCQCKNCLFM NMP KCGM BM DMPLCAGKCLRM BC
    A?P@MGBP?RMQCV™ECLMQ NMSN?LBM BCQQCKMBM ?QPCQCPT?QBCEJGAME‘LGMFCNŠRGAMC​KSQASJ?P JKBCBCRCPKGL?BMJGKGRC
    LMCLR?LRM ?GLECQRŽM?BGAGML?JBCA?P@MGBP?RMQLŽMAML​RG​LS??GLRCLQG¤A?P?R?V?BCMVGB?ŽMBCA?P@MGBP?RMQCV™ECLMQC
    QMJSCQBGJS”​B?QBCA?P@MGBP?RMQ BCA?P@MGBP?RM QCKMQRP?P?KRŽMCDCRGT?QOS?LRM?QQMJSCQK?GQAMLACLRP?B?QBC
    A?P@MGBP?RMQ CK ?JESK?Q QGRS?CQ $LRPCR?LRM  EP?LBC N?PRC B?Q @C@GB?Q CQNMPRGT?Q AMKCPAG?GQ AMLRK  ?  BC
    A?P@MGBP?RMQ$QQ?AMLACLRP?ŽM@?GV?MQS¤AGCLRCN?P?CTGR?P?GLG@GŽMB??@QMPŽMBCJ”OSGBMQ NMPK?JR?M@?QR?LRC
    N?P?GLAPCKCLR?PMBCQCKNCLFMBC,5+<9(5*, AMKNPMNMPŽMBMAMLQSKMB?@C@GB?RMJCPŠTCJNMPKSGR?QNCQQM?QBSP?LRC
    ??RGTGB?BC

    ,4& 
    757e87;;h>-4,-<-:516):)+76+-6<:)dc7,-+):*71,:)<7;,-=5)
    *-*1,)-;87:<1>)
    /?P? BCRCPKGL?P ? NMPACLR?ECK BC A?P@MGBP?RMQ BC SK? @C@GB? CQNMPRGT?  BGTGB? M AMLRCž​BM CK EP?K?Q BC
    A?P@MGBP?RMNCJMTMJSKCBCJ”OSGBMCKKGJGJGRPMQCKSJRGNJGOSCNMP/MPCVCKNJM QCEBCA?P@MGBP?RMQCQRŽM
    AMLRGBMQCKlKl B?@C@GB? ?AMLACLRP?ŽMBCA?P@MGBP?RMBC

    ;4CA{;8C>B=0B141830B4B?>AC8E0B
    .QCJCRP™JGRMQQŽMDMPK?BMQOS?LBMQ?GQKGLCP?GQ AMKMAJMPCRMBCQ™BGM-?"J QCBGQQMJTCKL?ŠES?TCP"?N”RSJM .Q
    CJCRP™JGRMQQŽM?BGAGML?BMQQ@C@GB?QCQNMPRGT?QNCJ?QQCESGLRCQP?XCQ

    /PMKMŽMB?QSQRCLR?ŽMBMCQR”KSJMN?P?@C@CP MOSCJCT?GLECQRŽMTMJSLRŠPG?BCJ”OSGBMQ
    ,?LSRCLŽMBMTMJSKCNJ?QKŠRGAM MOSC?HSB??K?LRCPMB@GRMA?PB”?​AMBSP?LRCMCVCPA”AGM
    "MLQCPT?ŽMBMQTMJSKCQCVRP?ACJSJ?PCQBCJ”OSGBM
    1CBSŽMBMPGQAMBCFGNML?RPCKG?
    #GKGLSGŽMBMB@GRMSPGLŠPGM  
    86DA0 @D0=C8303434;w@D83>01B>AE830?4;>8=C4BC8=>34;603>34?4=344<?0AC430>B<>;0;830343>
    ;w@D83>,FKOC>IFCA?CL;G?HN?BCJIN–HC=I;DO>;;;<MIL‹ŠI>?FKOC>IM
    ;IJ;MMIKO?IFKOC>IBCJ?LN–HC=IJI>?
    >?
    @;NI
    L?MOFN;L?G?HNL;>;>?FKOC>IHIFšG?HCHN?MNCH;F

    3MBMQCQQCQD?RMPCQCQRŽMPCJ?AGML?BMQ"MK?QSQRCLR?ŽMBMCQR”KSJMN?P?@C@CPMKCA?LGQKMB?QCBCGL¥SCLAG?BM
    NCJ? RMLGAGB?BC  GLECPC QC TMJSKC K?GMP BC @C@GB? CQNMPRGT?  M OSC ?SKCLR? M CQT?XG?KCLRM EŠQRPGAM 2C ? @C@GB?
    CQNMPRGT?LŽMAMLRGTCPCJCRP™JGRMQ ?GLECQRŽMBCEP?LBCQOS?LRGB?BCQB?@C@GB?BGKGLSG?AMLACLRP?ŽMBCQ™BGMLMNJ?QK?
    MA?QGML?LBM?SKCLRMBMB@GRMSPGLŠPGMCPCBSŽMBMTMJSKCNJ?QKŠRGAM.QCJCRP™JGRMQL?Q@C@GB?QCQNMPRGT?QR?K@K
    NMBCK?HSB?P?KGLGKGX?P?QAF?LACQBCBGKGLSGŽMB?AMLACLRP?ŽMBCQ™BGMLMQ?LESC ECP?LBMSK?QGRS?ŽMEP?TCC
    NMRCLAG?JKCLRCD?R?JFGNML?RPCKG?TCP"?N”RSJM 
    PCBSŽMB?AMLACLRP?ŽMBCQ™BGMBMQ?LESCNMBCMAMPPCPBCTGBMGLECQRŽMBCEP?LBCQTMJSKCQBCJ”OSGBMAMLRCLBM
    NMSAM MS LCLFSK Q™BGM  MS CK BCAMPP‘LAG? B? NCPB? BC Q™BGM LM QSMP MS  ?GLB?  CK AMLQC​OS‘LAG? BC ?JESK MSRPM
    KCA?LGQKM AMKM BG?PPCG?  AMLACLRP?ŽM K?GQ @?GV? BC Q™BGM LM Q?LESC NMBC ?AMLRCACP CK CTCLRMQ BC ,5+<9(5*, BC
    BSP?ŽMKSGRMJMLE??F CKOSCMAMPPCQSBMPCQCCVACQQGT? A?SQ?B?BGKGLSGŽMB?AMLACLRP?ŽMBCQ™BGMQ?LES”​
    LCMCK?RJCR?QBC,5+<9(5*,AMLRPMTCPQ? AMLRSBM NCJMKCLMQCLRPC?RJCR?QBC,5+<9(5*,QCKCVNCPG‘LAG? K?GQNPMTŠTCJ
    OSCQCH?PCQSJR?LRCB?GLECQRŽMCVACQQGT?BCŠES?BMOSCB?BCQGBP?R?ŽM 
    ?BGŽMBCCJCRP™JGRMQ@C@GB?CQNMPRGT? QGKGJ?PBCA?P@MGBP?RMQ ?SKCLR??MQKMJ?JGB?BCBCQQ?Q@C@GB?QC AMKGQQM
    NMBC ?DCR?P M CQT?XG?KCLRM EŠQRPGAM . Q™BGM  ?JK BC ?HSB?P ? K?LRCP M TMJSKC NJ?QKŠRGAM C BC J”OSGBM CVRP?ACJSJ?P C
    BGKGLSGP M B@GRM SPGLŠPGM  R?K@K  LCACQQŠPGM N?P? ? ?@QMPŽM BC A?P@MGBP?RMQ C ?HSB? L? A?NR?ŽM BC ŠES? NCJM
    GLRCQRGLM BCJE?BM    EJGAMQC C M Q™BGM QŽM AMRP?LQNMPR?BMQ NCJ? N?PCBC BM GLRCQRGLM BCJE?BM  C ? ?@QMPŽM BCQQ?Q
    KMJASJ?Q CQRGKSJ? ? A?NR?ŽM N?QQGT? BC ŠES? BCAMPPCLRC B? ?ŽM MQK™RGA?  Q @C@GB?Q CQNMPRGT?Q R?K@K AMLR‘K
    NMRŠQQGM MNPGLAGN?JAŠRGMLLMCQN?MGLRP?ACJSJ?P L?KCQK?AMLACLRP?ŽMCLAMLRP?B?LMNJ?QK?CLMQSMP NMGQ?APCBGR?
    QC OSC ? GLAJSQŽM BC NMRŠQQGM NPMKMT? ? FGBP?R?ŽM -M CLR?LRM  FŠ NMSA?Q CTGB‘LAG?Q OSC PCQN?JBCK ? GLAJSQŽM BM
    NMRŠQQGML?Q@C@GB?QCQNMPRGT?Q .K?ELQGMR?K@KAMKNC?Q@C@GB?QCQNMPRGT?Q NMGQQSNC QCOSCAMLACLRP?CQ
    K?GQ @?GV?Q BC K?ELQGM  M OSC MAMPPC AMK M CVCPA”AGM  NMBCK AMLRPG@SGP N?P? ?Q AŽG@P?Q GLBSXGB?Q NCJM CVCPA”AGM
    QSNMQGŽMCQQ?LŽMQS@QR?LAG?B?NCJ?AG‘L​AG?#CTGBM?MQNMRCLAG?GQ@CLCD”AGMQB??BGŽMBCQ™BGMQ@C@GB?QCQNMPRGT?Q
    PCAMKCLB? QCOSCNCJMKCLMQKKMJãlZ?KEãlZ CLŽMK?GQOSCKKMJãlZKEãlZ BCQQCCJCKCLRM
    QCH?K?BGAGML?BMQ

    'D0=3>0B141830B4B?>AC8E0BBr>0?A>?A8030B
    Q @C@GB?Q CQNMPRGT?Q OSC AMLR‘K A?P@MGBP?RMQ C CJCRP™JGRMQ QŽM  CK ECP?J  ?QQMAG?B?Q Q ?RGTGB?BCQ BC ,5+<9(5*, MS
    ?RGTGB?BCQ GLRCPKGRCLRCQ BC JMLE? BSP?ŽM  AMKM @?QOSCRC@MJ C DSRC@MJ $QRSBMQ PCTCJ?P?K KCJFMP? B?Q F?@GJGB?BCQ BM
    @?QOSCRC AMK M AMLQSKM B?Q @C@GB?Q CQNMPRGT?Q CK AMKN?P?ŽM AMK M NJ?AC@M BC ŠES?  C KCJFMPG? BM BCQCKNCLFM
    AMK M AMLQSKM BC @C@GB? CQNMPRGT? L?Q ?RGTGB?BCQ GLRCPKGRCLRCQ $QQCQ ?AF?BMQ GLBGA?K OSC ? FGBP?R?ŽM ?BCOS?B?
    HSLRMAMKMAMLQSKMBCA?P@MGBP?RMQCCJCRP™JGRMQ NMBC?NPGKMP?PMBCQCKNCLFMLCQQCQRGNMQBC?RGTGB?BCQR?K@K
    $K@MP??QBGPCRPGXCQN?P??GLECQRŽMBC@C@GB?QCQNMPRGT?QRCLF?KQGBMBCQCLTMJTGB?QN?P??RGTGB?BCQGLRCPKGRCLRCQCBC
    JMLE? BSP?ŽM  CJ?Q NPCAGQ?K QCP ?HSQR?B?Q N?P? GL​BG​T”​BSMQ C AGPASLQR‹LAG?Q N?P​RGASJ?PCQ   /MP CVCKNJM  SK
    K?P?RMLGQR? BC CJGRC AMKNJCR? SK? K?P?RML? CK  F C  KGL LM AJGK? ?KCLM -CQQC A?QM  ? GLECQRŽM BC   lãFZ BC
    J”OSGBM LŽM CTGR? M EP?S BC BCQGBP?R?ŽM OSC PCBSX M BCQCKNCLFM BC ,5+<9(5*, K?GQ BC  BC PCBSŽM BC NCQM
    AMPNMP?J -MCLR?LRM LMAJGK?DPGM ?GLECQRŽMB?KCQK?OS?LRGB?BCQS¤AGCLRCN?P?CTGR?PCQQCL”TCJBCBCQGBP?R?ŽM
    -M AJGK? DPGM  ? GLECQRŽM BC   lãFZ K?LRK ? FGBP?R?ŽM CK AMPPCBMPCQ AMK K?QQ? AMPNMP?J BC  ?  IE  NMPK
    L?OSCJCQ AMK NCQM KCLMP OSC GQQM N CV   IE  CQQ? NPMNMPŽM BC GLECQRŽM BC J”OSGBM NPMKMTC E?LFM BC NCQM
    AMPNMP?J Q BGPCRPGXCQ PCAMKCLB?K ? GLECQRŽM DPCOSCLRC BC J”OSGBM BSP?LRC ? ?RGTGB?BC ? ¤K BC K?LRCP M TMJSKC
    EŠQRPGAM?JRM HŠOSCGQQMPCQSJR?CK?SKCLRMBMCQT?XG?KCLRMEŠQRPGAM$LRPCR?LRM ?QTCJMAGB?BCQBCCQT?XG?KCLRMEŠQRPGAM
    T?PG?K CLRPC MQ GL​BG​T”​BSMQ C ?JESLQ BCJCQ NMBCK ?NPCQCLR?P NPM@JCK?Q E?QRPGLRCQRGL?GQ OS?LBM @C@CK M TMJSKC
    PCAMKCLB?BMBMJ”OSGBM/MPR?LRM ?QBGPCRPGXCQBCTCKQCPSQ?B?QN?P?BCQCLTMJTCPNJ?LMQBCFGBP?R?ŽMAMK@?QCGL​BG​
    TG​BS?JCN?P??RGTGB?BCQN?P​RGASJ?PCQ.QNJ?LMQBCTCKQCPRCQR?BMQCKAMKNCRGCQQGKSJ?B?QMSLMRPCGL?KCLRM?LRCQBC
    QCPCKSRGJGX?BMQBSP?LRC?AMKNCRGŽMBCD?RM?¤KBCAMKNPMT?POSCMGL _ Gq”_ SMRMJCP?MNJ?LMQCKK?LGDCQR?PQGLRMK?Q
    ?BTCPQMQ
    .!MVC?NPCQCLR??QBGPCRPGXCQN?P?MAMLQSKMBC@C@GB?QCQNMPRGT?QAMKA?P@MGBP?RMQCCJCRP™JGRMQ$QQ?QBGPCRPGXCQ
    QŽM?NJGAŠTCGQCKCTCLRMQBC?RGTGB?BCAML​R”​LS?MSGLRCPKGRCLRCBCJMLE?BSP?ŽMBCK?GQBCF$LRPCR?LRM MKCJFMP
    BCQCKNCLFMDMGKMQRP?BMAMKMAMLQSKMBCA?P@MGBP?RMQCCJCRP™JGRMQCKCTCLRMQASPRMQAMKMKGL BSP?ŽMC?Q
    AMLBGCQ ?K@GCLR?GQ BM CTCLRM BCTCK QCP JCT?B?Q CK AMLQGBCP?ŽM LM KMKCLRM B? CQAMJF? BM J”OSGBM OSC QCPŠ
    AMLQSKGBMBSP?LRC?NPŠRGA?BMCVCPA”AGMTCP!MVC  QBGPCRPGXCQGLAJSCKPCAMKCLB?CQN?P?MAMLQSKMBCJ”OSGBM
    ?LRCQ BSP?LRCC?N™QMRPCGL?KCLRMMS?AMKNCRGŽM$J?QDMP?KCJ?@MP?B?QN?P?PCR?PB?P?BCQGBP?R?ŽMC?BCNJCŽMBC
    EJGAME‘LGMBSP?LRC??RGTGB?BCCNPMKMTCP?PCGBP?R?ŽMC?PCQQ”LRCQCBCEJGAME‘LGM​KSQASJ?P?N™Q??RGTGB?BC/MBCKLŽM
    QCP LCACQQŠPG?Q N?P? CTGR?P ? BCQGBP?R?ŽM AMKNJCR? BSP?LRC ? ?RGTGB?BC BC ,5+<9(5*,  HŠ OSC MQ NPGKCGPMQ JSE?PCQ BMQ
    CTCLRMQBC,5+<9(5*,AMKDPC​OS‘LAG?AFCE?KAMKBCQGBP?R?ŽMBC?-MCLR?LRM CQQCL”TCJBCBCQGBP?R?ŽMNMBC
    QCPK?GQNPCMASN?LRCN?P?MQ?RJCR?QLŽMRPCGL?BMQ MQOS?GQLŽMMRMJCP?K@CK/MP¤K PCAMKCLB? QCOSCMAMLQSKMBC
    J”OSGBMLŽMMA?QGMLCE?LFMBCNCQMAMPNMP?JBSP?LRC??RGTGB?BC3?K@KGKNMPR?LRCJCK@P?POSC?K?LSRCLŽMBMQ
    TMJSKCQ BC NJ?QK? C J”OSGBM CVRP?ACJSJ?P  CQQCLAG?J N?P? ? PCASNC​P?ŽM (QQM  CQNCAG?JKCLRC TŠJGBM OS?LBM ?RGTGB?BC
    ŠPBS?PC?​JG​X?B?CKKžJRGNJ?QQCQQCQBMRPCGL?KCLRMNMPBG?CKBG?QQSACQQGTMQ
    . SQM BC @C@GB?Q CQNMPRGT?Q AMLRCLBM A?P@MGBP?RMQ C CJCRP™JGRMQ  QM@PCRSBM ?OSCJ?Q PGA?Q CK A?P@MGBP?RM  NPCAGQ? QCP
    AMLQGBCP?BMAMKASGB?BMCKGL​BG​T”​BSMQOSCQCCVCPAGR?KCRCLR?KBGKGLSGP?EMPBSP?AMPNMP?J.AMLRCž​BMA?J™PGAMB?
    @C@GB? CQNMPRGT? NPCAGQ? QCP GLAJS”​BM LM AMLQSKM A?J™PGAM BGŠ​PGM BCQQCQ GL​BG​T”​BSMQ $K@MP? NMSA?Q NCQOSGQ?Q CQRCH?K
    BGQNML”TCGQ ? PCQNCGRM BM SQM BC @C@GB?Q CQNMPRGT?Q AMLRCLBM A?P@MGBP?RMQ C CJCRP™JGRMQ L?Q ?RGTGB?BCQ ?CP™@G?Q  AMKM
    RPCGL?KCLRMBCNCQM Q?@C QCOSC?GLECQRŽMBSP?LRCC?N™Q?QQCQQCQBCRPCGL?KCLRMPCQGQRGBMPCQSJR?CKPCQQ”LRCQCBC
    EJGAME‘LGM​KSQASJ?PK?GQGLRCLQ?CK?GQPŠNGB??N™QMCVCPA”AGM   QSNJCKCLR?ŽMBCA?P@MGBP?RMQ?LRCQCBSP?LRCM
    RPCGL?KCLRMPCQGQRGBM KCJFMP?MBCQCKNCLFMBMRPCGL?KCLRMPCQGQRGBM0, ?OS?LRGB?BCRMR?JBCPCNCRGCQNMQQ”TCGQ
    CK PCQGQR‘LAG? CQNCA”¤A?  JK BGQQM  PCAMKCLB? QC OSC ?OSCJCQ OSC NP?RGA?K RPCGL?KCLRM PCQGQRGBM C OSC CQRŽM
    CLTMJTGBMQ CK NPMEP?K?Q OSC GLAJSCK EP?LBCQ TMJSKCQ BC RPCGL?KCLRM AMK NCQM BCTCK SQ?P QSNJCKCLR?ŽM BC
    A?P@MGBP?RM $QQ? QSNJCKCLR?ŽM  ? OS?J NMBC QCP L? DMPK? BC @C@GB? CQNMPRGT? ?LRCQ  BSP?LRC C BCNMGQ B?Q QCQQCQ BC
    RPCGL?KCLRM  K?VGKGX? ? Q”LRCQC BC EJGAME‘LGM ​KSQASJ?P C KCJFMP? M BCQCKNCLFM LM RPCGL?KCLRM PCQGQRGBM
    A?N?AGB?BCBCPCASNC​P?ŽMBMRPCGL?KCLRMAMKNCQMC?K?LSRCLŽMBMQEP?LBCQTMJSKCQBCRPCGL?KCLRMNMBC NMP¤K
    PCQSJR?PCK?SKCLRMB?Q”LRCQCBCNPMRC”​L?C NMPR?LRM E?LFMQK?GMPCQBCK?QQ?​KSQASJ?P?MJMLEMBMRCKNM

    !&   -, 


    1:-<:1B-;8):)):-87;1dc70h,:1+),=:)6<-))<1>1,),-,-476/)
    ,=:)dc7

    (LEGP??OS?LRGB?BCBCJ”OSGBM?BCOS?B?BSP?LRC?F?LRCQBMCVCPA”AGM
    "MLQSK?KlBCJ”OSGBM?NPMVGK?B?KCLRCF?LRCQBMCVCPA”AGM
    #SP?LRCMCVCPA”AGM @C@??KlãFZ ?Kl?A?B??KGL
    N™Q??RGTGB?BC @C@?J”OSGBMQS¤AGCLRCN?P?PCNMPMNCQMB?ŠES?NCPBGB?BSP?LRC??RGTGB?BC
    .QJ”OSGBMQBCTCKQCPK?GQDPGMQOSC?RCKNCP?RSP??K@GCLRC?j"
    .QJ”OSGBMQBCTCKQCPQCPTGBMQCKPCAGNGCLRCQOSCNCPKGR?KDŠAGJGLECQRŽMCGLRCPPSNŽMK”LGK?B??RGTGB?BC
    .QJ”OSGBMQNMBCKQCP?PMK?RGX?BMQN?P??SKCLR?P?N?J?R?@GJGB?BCCCQRGKSJ?PMAMLQSKM

    ,4& 
    =-4h9=1,7,->716/-:1:9=)6,7>7=.)B-:5160)+7::1,),1`​:1),-

    35,=:)6<-7;,1);9=-6<-;-p51,7;,->-:c7
    $VGQRCK KSGR?Q @C@GB?Q CQNMPRGT?Q BGQNML”TCGQ OSC AMLR‘K TŠPG?Q AMLACLRP?CQ BC A?P@MGBP?RMQ C CJCRP™JGRMQ AMK
    GLRCLŽM BC DMPLCACP CLCPEG? A?P@MGBP?RM  C PCNMP MQ CJCRP™JGRMQ NCPBGBMQ LM QSMP $LRPCR?LRM  L?Q AMLBGCQ
    BCQAPGR?QL?NCPESLR? ?NCL?QŠES?QCPG?MKCJFMPJ”OSGBM?QCPAMLQSKGBMBSP?LRC?NPŠRGA?BMCVCPA”AGM4K?TCX
    OSC ? BCNJCŽM B?Q PCQCPT?Q BC EJGAME‘LGM AMPNMP?J A?P@MGBP?RM  LŽM  CTGBCLRC L?Q ?RGTGB?BCQ BC ,5+<9(5*, BC
    KCLMQBCF LŽMFŠLCACQQGB?BCBCQSNPGPMAMPNMAMKA?P@MGBP?RMQCKSK?AMPPGB?BCIK ?OS?J CKECP?J
    BSP?KCLMQBCF JKBGQQM ?NCPB?BCCJCRP™JGRMQQMDPGB?BSP?LRC?AMPPGB?BCIKBCQNPCX”TCJCLŽMPCQSJR?
    CKOS?JOSCPBGQRžP@GM¤QGMJ™EGAM/MPMSRPMJ?BM ?MQCCVCPAGR?PCKAMLBGCQOSCLRCQCžKGB?Q KCQKMOSCNMP
    ?KGL MBCQ?¤MRCPKMPPCESJ?BMP?MAMPNMNMBCQCPAMLQGBCPŠTCJ/MP l S‘/MPOSCCKRCKNCP?RSP?Q?K@GCLR?GQ
    CJCT?B?Q MEP?BGCLRCBCRCKNCP?RSP?CLRPCMAMPNMCM?PKGLGKGX?BMBCKMBMOSCFŠKCLMQNMRCLAG?JN?P?M
    AMPNM NCPBCP A?JMP N?P? MQ ?PPCBMPCQ AGK? BGQQM  M ?P žKGBM RMPL? M KCA?LGQKM BC QSBMPCQC GLC¤AGCLRC  NMGQ M
    QSMP ?NCL?Q AMLQCESC ?HSB?P ? PCQDPG?P M AMPNM OS?LBM CT?NMP? LM ?P  ?JR? SKGB?BC BGKGLSG ? A?N?AGB?BC
    CT?NMP?RGT? C BC PCQDPG?KCLRM BM QSMP $K AMLQC​OS‘LAG? BGQQM  M AMPNM QS? ?GLB? K?GQ L?Q AMLBGCQ žKGB?Q L?
    RCLR?RGT? BC PCQDPG?P M AMPNM #C ?AMPBM AMK GQQM  ? NPGLAGN?J NPCMASN?ŽM ?M QC CVCPAGR?P NMP KCLMQ BC  F CK
    AMLBGCQžKGB?QCOSCLRCQAMK?PCNMQGŽMBCŠES?AMPNMP?JOSCCTGR??BCQGBP?R?ŽMCMQSNCP?OSCAGKCLRM
    KCJFMPCK?GQPŠNGB?K?LCGP?BCPCQRGRSGP?ŠES?AMPNMP?JAMLQSKGPŠES?AMKSK-ŽMQC?BGAGML?L?B?ŠES?L?
    DMPK? BC A?P@MGBP?RMQ C CJCRP™JGRMQ  NMGQ T?G ?RS?P PCR?PB?LBM ? A?NR?ŽM BC ŠES? BM RP?RM E?QRPGLRCQRGL?J N?P? ?
    AMPPCLRCQ?LES”​LC? QQGK QC?BSP?ŽMB?QCQQŽMBCCVCPA”AGMDMPGLDCPGMP?FC N?P​RGASJ?P​KCLRC QCMCVCPA”AGMDMP
    PC?​JG​X?BMCK?K@GCLRCOSCLRCCžKGBM MKCJFMPJ”OSGBMN?P?PCNMQGŽMBSP?LRCMCVCPA”AGM?ŠES?

    ! 

    %42C3@:5C2E@x@AC:?4:A2=DF3DEC2E@>6E23=:4@E2?E@A2C22D2E:G:5256D26C3:2DBF2?E@2?26C3:2D
    D5:6E2DBF6@3Ey>A6=@>6?@D
    52D42=@C:2DE@E2:D5@D42C3@:5C2E@DDv@C64@>6?5252DA2C22E=6E2D56 &# 56G:5@2@
    2F>6?E@5@E6>A@566I2FDEv@5FC2?E66DD6E:A@562E:G:5256
    >3@C22=:>6?E@D562=E@{?5:468=:4y>:4@6=6G6>24@?46?EC2wv@568=:4@D6?@D2?8F6>2:DC2A:52>6?E65@BF6@D5632:I@{?5:46
    8=:4y>:4@2:?86DEv@562=:>6?E@D562=E@{?5:468=:4y>:4@2?E6D5@6I6C4{4:@?v@A2C6462;F52C@56D6>A6?9@56 &# 
    D@3C642C825642C3@:5C2E@A@56>6=9@C2C@56D6>A6?9@56 &# A@DD:3:=:E2?5@C:E>@>2:DCsA:5@?@Dƒ=E:>@D6DEs8:@D5@
    6G6?E@=@?8@56 &# 
    D6DEC2Ex8:2D56D@3C642C825642C3@:5C2E@Dv@6L42J6D?@2F>6?E@5@4@?E6ƒR@568=:4@8y?:@[ FD4F=2C?EC6E2?E@?@D2E=6E2D
    36>EC6:?25@D56 &# C6A@FD@6:?86DEv@5642C3@:5C2E@DDFL4:6?E6DE2>3x>AC@>@G6>2DFA6C4@>A6?D2wv@5@4@?E6ƒR@
    568=:4@8y?:@​>FD4F=2C
    D@3C642C825642C3@:5C2E@?v@>6=9@C2@56D6>A6?9@?2D2E:G:5256D564FCE25FC2wv@562=E2A@Ey?4:2
     >2:@C:2 52D 363:52D 6DA@CE:G2D 4@?Ex> 5:G6CD@D E:A@D 5:76C6?E6D 56 42C3@:5C2E@D D G2?E286?D 56DD2 23@C5286> :?4=F6>
    2F>6?E@ 52 E2I2 56 23D@Cwv@ >6=9@C2 5@ D23@C A2C2 6DE:>F=2C @ 4@?DF>@ 6 >:?:>:J2wv@ 5@ 676:E@ ?682E:G@ 5@ 2F>6?E@ 52
    @D>@=2=:5256?223D@Cwv@56s8F2
    =6EC=:E@DDv@25:4:@?25@DuD363:52D6DA@CE:G2DA2C2AC@>@G6C2DFDE6?E2wv@5@6DE{>F=@A2C23636C@BF6AC@>@G62:?86DEv@
    G@=F?EsC:2 56 ={BF:5@D 4@?D6CG2C @ G@=F>6 A=2D>sE:4@ @ BF6 2;F52 2 >2?E6C @ 5x3:E@ 42C5{2​4@ 5FC2?E6 @ 6I6C4{4:@ >2?E6C @D
    G@=F>6D6IEC246=F=2C6D56={BF:5@C65FJ:C@C:D4@569:A@?2EC6>:265:>:?F:C@5x3:E@FC:?sC:@
    D 363:52D 6DA@CE:G2D 4@> 42C3@:5C2E@D A@56> D6C :?86C:52D 2?E6D 5FC2?E6 6 56A@:D 52 2E:G:5256 56  &#  =2D >2?Ey> 2
    9:5C2E2wv@6@DFAC:>6?E@5642C3@:5C2E@D6I86?@DA2C2@>6E23@=:D>@5FC2?E622E:G:525636>4@>@2;F52>?2C6:5C2E2wv@6
    C6DD{?E6D65@8=:4@8y?:@​>FD4F=2C2AD22E:G:5256
    'C@E6{​?2
    QNPMRC”​L?QAMKNPCCLBCKACPA?BCB?K?QQ?BC​KžQASJMCQOSCJRGAM!M?N?PRCBM​KžQASJMAMKNMQR?BCŠES?CM
    PCQR?LRC BC NPMRC”​L?  EJGAME‘LGM  EMPBSP?  TGR?KGL?Q C KGLCP?GQ JK BGQQM  ?Q NPMRC”​L?Q L? DMPK? BC ?KGLMŠ​AGBMQ QŽM
    LCACQQŠPG?Q N?P? ? Q”LRCQC BC OS?QC RMBMQ MQ RCAGBMQ BM AMPNM #? NCPQNCARGT? NPŠRGA?  ? GLECQRŽM NPMRCGA? BCTC ?RGLEGP M
    T?JMPK?GQ?JRMB?T?PG?ŽMB?QPCAMKCLB?CQB? KCPGA?L#GCRCRGA QQMAG?RGMLBC?B?GLECQRŽMA?J™PGA?RMR?J ?
    ¤KBCNCPKGRGP?QGL?JGX?ŽMNPMRCGA??BCOS?B?N?P??Q”LRCQCBCNPMRC” i ?Q ?OS?JCQQCLAG?JN?P?PCN?P?PCPCASNC m?PM
    *
    KžQASJMCQOSCJRGAMCMRCAGBMAMLCARGTMBMCQRPCQQCMA?QGML?BMNCJMRPCGL?KCLRM 9>75CDj?495DlD931B53?=5>4141
    (BCSKLSRPGCLRCCQR?@CJCAGB?OS?LBMFŠCTGB‘LAG?QAGCLR”¤A?QQS¤AGCLRCQOSCGLBGOSCK?OS?LRGB?BCBGŠPd?KBG?
    LCACQQŠPG?N?P??RCLBCP?QLCACQQGB?BCQBCOS?QCRMBMQMQ?BSJRMQQ?SBŠTCGQ  1# BCNPMRC”​L?QBC EãIEZ
    N?P??BSJRMQQ?SBŠTCGQ K?GMPG?B?QBGCR?QMAGBCLR?GQAMLQCESC AMKD?AGJGB?BC ?RCLBCPQ1# BCD?RM BCKMBMECP?J
    KSGRMQ GL​BG​T”​BSMQ AMLQMKCK KSGRM K?GQ NPMRC”​L?Q BM OSC QSECPC ? 1#   OSCQRŽM BC ?RJCR?Q PCOSCPCPCK MS LŽM
    GLECQRŽM NPMRCGA? K?GMP BM OSC ? PCAMKCLB?B? NCJ? 1#  RCK QGBM M@HCRM BC AMLQGBCPŠTCJ BC@?RC JESLQ
    CQNCAG?JGQR?Q  QSECPCKOSCMQ?RJCR?QNPCAGQ?KBCK?GQNPMRC”​L? ?EãIEZK?QQ?AMPNMP?JãBG?Z ?MN?QQMOSC
    MSRPMQ ?PESKCLR?K OSC ? 1#   QS¤AGCLRC N?P? MQ ?RJCR?Q  NMQQG@GJGR?LBM @M?Q ?B?NR?CQ ?M RPCGL?KCLRM "MK ?Q
    BCK?LB?Q N?P? PCASNC​P?ŽM C PCN?PM RC​AG​BS?J BCAMPPCLRC BM RPCGL?KCLRM GLRCLQM C E?QRM A?J™PGAM  N?PCAC NPSBCLRC
    ?SKCLR?P ? GLECQRŽM BC NPMRC”​L?Q  CQNCAG?JKCLRC NMPOSC MQ ?KGLMŠ​AGBMQ QŽM DSLB?KCLR?GQ N?P? M CQR”KSJM B? Q”LRCQC
    NPMRCGA?
    GLECQRŽMNPMRCGA?NMBCQCP?JR?CK?RJCR?QBCTGBMGLRCLQG¤A?ŽMBMKCR?@MJGQKMB?NPMRC” i ?BSP?LRC??RGTGB?BCC
    GLRCLŽMBCK?LRCPMS?SKCLR?P?K?QQ?​KSQASJ?PBSP?LRCMRPCGL?KCLRM$K@MP?MKCR?@MJGQKMBCNPMRC”​L?N?P?M@RCP
    CLCPEG?L?DMPK?BC 3/LMPK?JKCLRCQCH?K”LGKM ?JESLQ?KGLMŠ​AGBMQQŽMKCR?@MJGX?BMQNMPTG??CP™@G?TCP"?N”RSJM
      JK BGQQM  M KCR?@MJGQKM ?CP™@GM BMQ ?KGLMŠ​AGBMQ NMBC LŽM PCBSXGP ? CLCPEG? RMR?J BGQNML”TCJ B? TG? KCR?@™JGA?
    ?CP™@G?!MVC 

    !&   -, 


    =5-6<7,)<)@),-7@1,)dc7,-)5167`​+1,7; -.-1<7;7*:-)-6-:/1)
    )-:l*1),=:)6<-7-@-:+h+178:7476/),7
    . CVCPA”AGM NPMJMLE?BM LŽM CJCT? ? R?V? BC MVGB?ŽM BC !""  ?KGLMŠ​AGBMQ BC A?BCG? P?KG¤A?B?  NCJM h žQASJM
    CQOSCJRGAM . AGAJM BC *PC@Q  SK QGQRCK? CLXGKŠRGAM NCJM OS?J MQ K?APMLSRPGCLRCQ NPCAGQ?K N?QQ?P BSP?LRC M
    KCR?@MJGQKM ?CP™@GM TCP "?N”RSJM    GLRCLQG¤A?ŽM BM KCR?@MJGQKM ?CP™@GM BC !""  NMBC BGKGLSGP ?
    AMLACLRP?ŽM BC ?JESLQ GL​RCP​KC​BGŠ​PGMQ BM AGAJM BC *PC@Q C  ?QQGK  NPCHSBGA?P M KCR?@MJGQKM ?CP™@GM BSP?LRC M
    CVCPA”AGM NPMJMLE?BM #SP?LRC SK? QPGC BC  KGL BC CVCPA”AGM BC GLRCLQGB?BC KMBCP?B?  MQ GL​RCP​KC​BGŠ​PGMQ BM
    AGAJM BC *PC@Q RPGNJGA?K LMQ NPGKCGPMQ KGLSRMQ BM CVCPA”AGM -M CLR?LRM  ?N™Q  C  KGL BC CVCPA”AGM  ?Q
    AMLACLRP?CQBMQGL​RCP​KC​BGŠ​PGMQBMAGAJMBC*PC@QLŽMBGDCPCKB?QAMLACLRP?CQCKPCNMSQM,CQKMOSCMQGL​
    RCP​KC​BGŠ​PGMQBMAGAJMBC*PC@QQMDP?KOSCB?GLGAG?J ?A?NR?ŽMBCMVGE‘LGMC?AMLACLRP?ŽMBCDMQDMAPC?RGL?SK
    GLBGA?BMP B? PCQNGP?ŽM KGRMAMLBPG?J  LŽM BCKMLQRP?K ?JRCP?CQ GKNMPR?LRCQ $QQC ?AF?BM GLBGA? OSC M
    KCR?@MJGQKM BC !""  LŽM ?DCR? BC K?LCGP? AMLQGBCPŠTCJ ? NPMBSŽM BC CLCPEG? ?CP™@G? BSP?LRC M CVCPA”AGM
    NPMJMLE?BM

    15@A>--05/5;:-8
    &G@?J? ,)  &MLX?JCX JMLQM )  2?JRGL ! #GQ?QQMAG?RGML @CRUCCL RPGA?P@MVWJGA ?AGB AWAJC NMMJ QGXC ?LB ?CPM@GA CLCPEW
    NPMTGQGMLBSPGLENPMJMLECBCVCPAGQCGLFSK?LQ) NNJ/FWQGMJZ

    $K@MP? ?JESLQ CQRSBMQ AML¤PKCK M KCR?@MJGQKM ?ACL oS?BM B? NPMRC”


    i ? BSP?LRC ? ?RGTGB?BC BC ,5+<9(5*,  ?JESK?Q
    BCQQ?QNCQOSGQ?QKCBGP?KMKCR?@MJGQKMB?NPMRC”​L??N™QMHCHSKLMRSPLM MOSCLŽMPCNPCQCLR??QNPŠRGA?QBGCRRGA?QBMQ
    ?RJCR?Q BC ,5+<9(5*, &CP?JKCLRC  ?RJCR?Q BC ,5+<9(5*, GLECPCK A?P@MGBP?RMQ ?LRCQ  BSP?LRC C BCNMGQ BM RPCGL?KCLRM  M
    OSCNMBC?RCLS?P?LCACQQGB?BCBMKCR?@MJGQKMBCNPMRC”​L?#SP?LRCFBCCVCPA”AGM?CP™@GMAMLR”LSMBCGLRCLQGB?BC
    KMBCP?B? M;<956=,9NPMRCGAMAMPNMP?JRMR?JLŽMDMGK?GMPCKAMKN?P?ŽMAMKMPCNMSQM-MCLR?LRM AMLRCQR? QCOSC
    KSGRMQCTCLRMQBC,5+<9(5*,QCH?KPC?​JG​X?BMQCKGLRCLQGB?BCQ?AGK?B?QAMLQGBCP?B?QKMBCP?B?Q MOSCNMBCPCQSJR?PCK
    ?SKCLRM BM KCR?@MJGQKM BC NPMRC”​L? $K@MP? K?GQ CQRSBMQ QCH?K LCACQQŠPGMQ N?P? CQAJ?PCACP NMP AMKNJCRM ?Q
    LCACQQGB?BCQ NPMRCGA?Q BMQ ?RJCR?Q BC ,5+<9(5*,  FMHC CK BG?  PCAMKCLB? QC OSC ? GLECQRŽM BC NPMRC”​L?Q BMQ ?RJCR?Q BC
    ,5+<9(5*,QCH?BC ? EãIEZK?QQ?AMPNMP?JãBG?ZBSP?LRCMRPCGL?KCLRM T?JMPCQK?GQ?JRMQOSCB?1# -MCLR?LRM
    BCTGBM Q LCACQQGB?BCQ A?J™PGA?Q K?GMPCQ BMQ ?RJCR?Q BC ,5+<9(5*,  CQQ? GLECQRŽM K?GQ ?ACL​RS?B? BC NPMRC”​L?Q NMBC QCP
    AMLQCESGB? AMK BGCR? AMLRCLBM ? KCQK? AMLACLRP?ŽM BC NPMRC”​L?  ?  B? GLECQRŽM A?J™PGA? RMR?J !MVC   .
    KMKCLRM ?BCOS?BM B? GLECQRŽM NPMRCGA? AMK PCJ?ŽM  QCQQŽM BC RPCGL?KCLRM C AMKNCRGŽM  SK? OSCQRŽM GKNMPR?LRC
    QM@PC?GLECQRŽMBCNPMRC”​L?AMKBCK?LB?QBMQK?APMLSRPGCLRCQA?P@MGBP?RMCNPMRC”​L?

    !&   -, 


    `4+=47,);+)47:1);,7+):*71,:)<78:7<-h​6)-/7:,=:)
    . AŠJASJM B? OS?LRGB?BC BC A?JMPG?Q BC SK? BGCR? C BM NCPACLRS?J BC A?JMPG?Q BC A?B? K?APMLSRPGCLRC OS?LBM ?Q
    OS?LRGB?BCQ BC A?P@MGBP?RM  NPMRC”​L? C EMPBSP? L? BGCR? QŽM AMLFCAGB?Q  PCJ?RGT?KCLRC QGKNJCQ "MK M
    KCR?@MJGQKM M@RCKMQIA?JNMPEP?K?IHãEZ BCA?P@MGBP?RM IA?JNMPEP?K?IHãEZ BCNPMRC”​L?CIA?J
    NMP EP?K?  IHãEZ  BC EMPBSP?  QCESGP  BCKMLQRP?KMQ AMKM A?JASJ?P ? OS?LRGB?BC BC A?JMPG?Q B? BGCR? C M
    NCPACLRS?JA?J™PGAMBCA?B?K?APMLSRPGCLRC

    EBCNPMRC”​L?QnIA?JãEZIA?J
    EBCA?P@MGBP?RMnIA?JãEZIA?J
    EBCEMPBSP?nIA?J
    3MR?JIA?JIA?J IA?J IA?J
    3MR?JIA?JIA?J
    /CPACLRS?JBCIA?JBCSKK?APMLSRPGCLRCRMR?JIA?JIA?JBMQK?APMLSRPGCLRCQ
    /CPACLRS?JBCIA?JBCNPMRC”​L?IA?JIA?J
    /CPACLRS?JIA?JBCNPMRC”​L? 
    /CPACLRS?JIA?JBCA?P@MGBP?RMIA?JIA?J 
    /CPACLRS?JBCIA?JBCEMPBSP?IA?JIA?J 

    .@QCPTCOSCQC?OS?LRGB?BCRMR?JBCA?JMPG?QL?BGCR??SKCLR?CMNCPACLRS?JBCA?JMPG?QBCA?B?K?APMLSRPGCLRC
     AMLQR?LRC  ? OS?LRGB?BC RMR?J BC A?B? K?APMLSRPGCLRC APCQAC /MP CVCKNJM  ? K?LSRCLŽM BC  B?Q A?JMPG?Q
    RMR?GQ NPMTCLGCLRCQ B? NPMRC”​L? C ? CJCT?ŽM BM AMLQSKM A?J™PGAM RMR?J N?P?  IA?J PCQSJR?K L? QCESGLRC
    OS?LRGB?BCRMR?JCKEP?K?QBCGLECQRŽMNPMRCGA?

    IA?JB?NPMRC”​L?IA?Jn 
    IA?JBCNPMRC”​L?IA?JBCNPMRC”​L?
    &P?K?QBCNPMRC”​L?IA?JIA?JãEZ
    &P?K?QBCNPMRC”​L?E

    .21<1>k?>9DB?75>14?SK?RALGA?BC?T?JG?ŽMB?QLCACQQGB?BCQNPMRCGA?QOSCKCBC?OS?LRGB?BCBCNPMRC”​L?MS
    LGRPME‘LGM GLECPGBM CK PCJ?ŽM  OS?LRGB?BC BC LGRPME‘LGM CVAPCR?B? +CK@PC QC BC OSC  BGDCPCLRCKCLRC BMQ MSRPMQ
    K?APMLSRPGCLRCQJGN”BGMQ A?P@MGBP?RMQ MQ?KGLMŠ​AGBMQOSCAMKNCK?QNPMRC”​L?QR?K@KGLAJSCKLGRPME‘LGMC BCQQC
    KMBM NMQQ”TCJA?JASJ?PMAMLQSKMCMSQMBCNPMRC”​L?NMPKCGMBMP?QRPC?KCLRMB?GLECQRŽMBCLGRPME‘LGMCCVAPCŽM
    NCJMAMPNM.21<1>k?>9DB?75>14?@?C9D9F?MAMPPCOS?LBMK?GQLGRPME‘LGMGLECPGBMBMOSCCVAPCR?BM GLBGA?LBMOSC
    MLGRPME‘LGMCQRŠQCLBMPCRGBMLMAMPNMCOSCMQ?KGLMŠ​AGBMQCQRŽMQCLBMSQ?BMQL?Q”LRCQCBCRCAGBMAMPNMP?J.21<1>k?
    >9DB?75>14? >571D9F? MAMPPC OS?LBM K?GQ LGRPME‘LGM  CVAPCR?BM BM OSC GLECPGBM  M OSC OSCP BGXCP OSC ?KGLMŠ​AGBMQ
    CQRŽM QCLBM SQ?BMQ LM KCR?@MJGQKM . @?J?LM LGRPMECL?BM NMQGRGTM GLBGA? K?GQ Q”LRCQC BM OSC BCEP?B?ŽM BC RCAGBM
    AMPNMP?J MSCQR?BM?L?@™JGAMBMAMPNM/MPMSRPMJ?BM M@?J?LMLGRPMECL?BMLCE?RGTMQSECPCKM@GJGX?ŽMBC?KGLMŠ​
    AGBMQBMRCAGBMAMPNMP?J MSCQR?BMA?R?@™JGAMBMAMPNM
    .Q CQRSBMQ QM@PC @?J?LM LGRPMECL?BM ?NMLR?K OSC  BSP?LRC M RPCGL?KCLRM PCQGQRGBM C LMQ ?RJCR?Q OSC D?XCK
    RPCGL?KCLRM PCQGQRGBM  ? GLECQRŽM BC NPMRC”​L? BC   ?   EãIEZ K?QQ? AMPNMP?JãBG?Z PCQSJR? CK @?J?LM LGRPMECL?BM
    NMQGRGTM  BCLMR?LBM ?SKCLRM J”OSGBM L? Q”LRCQC BC NPMRC”​L? ​KSQASJ?P      M OSC MPGEGLMS ?Q PCAMKCLB?CQ BC
    GLECQRŽMBC EãIEZK?QQ?AMPNMP?JãBG?ZBCNPMRC”​L?MSCLRPC C EãIEZK?QQ?AMPNMP?JãBG?ZNCJMQ?RJCR?QOSCPC?​
    JG​X?K RPCGLMQ BC DMP? BCK?GQ  PCAMKCLB? QC OSC ?Q NPMRC”​L?Q AMLR?@GJGXCK  ?  B? OS?LRGB?BC RMR?J BC A?JMPG?Q
    AMLQSKGB?QNCJMQ?RJCR?QBCDMP?
    (LRCPCQQ?LRCKCLRC MQCQRSBMQQM@PC@?J?LMLGRPMECL?BMR?K@KGLBGA?P?KOSC?RJCR?QBCDMP?LMT?RMQBCKMLQRP?K
    LCACQQGB?BCBCNPMRC”​L?QBCACPA?BC ? EãIEZK?QQ?AMPNMP?JãBG?ZCOSC?OSCJCQOSCNP?RGA?K​KSQASJ?ŽMFŠ?LMQ
    PCOSCPCK ? EãIEZK?QQ?AMPNMP?JãBG?ZBCNPMRC”​L?Q#CK?LCGP?QGKGJ?PN?P??RJCR?QBC,5+<9(5*, QC?GLECQRŽMB?Q
    A?JMPG?Q RMR?GQ APCQAC  ? NMPACLR?ECK B?Q A?JMPG?Q RMR?GQ GLECPGB?Q MPGSLB?Q B? NPMRC”​L? NMBC QCP KCLMP C AML​RG​LS?P
    ?JA?L?LBM?GLECQRŽMNPMRCGA?PCAMKCLB?B?CKEãIEZK?QQ?AMPNMP?JãBG?Z-ŽMQSPNPCQ?OSCMQ?RJCR?QCLTMJTGBMQCK
    CQNMPRCQOSCCVGECK?AMK@GL?ŽMBCA?N?AGB?BCQBC,5+<9(5*,CDMP?R?K@KNPCAGQCKBCGLECQRŽMK?GQ?JR?BCNPMRC”​L?
    CK AMKN?P?ŽM  1#  $K RCPKMQ NPŠRGAMQ  ?RJCR?Q CK AMLQRPSŽM ​KSQASJ?P AMKM JCT?LR?BMPCQ BC NCQM  NPCAGQ?K
    GLECPGPK?GQNPMRC”​L?QBMOSCOS?LBMCQRŽM?NCL?QCKK?LSRCLŽMB?K?QQ?​KSQASJ?P"MLRP?PG?KCLRC ?JESLQ?RJCR?QBC
    ,5+<9(5*, AMK EP?LBCQ TMJSKCQ BC RPCGL?KCLRM C ?JRM E?QRM BC CLCPEG? C BCEP?B?ŽM RC​AG​BS?J NPCAGQ?K AMLQCPT?P ?
    GLECQRŽMK?GQCJCT?B?BCNPMRC”​L?QN?P?K?LRCPMQNPMACQQMQBCPCN?PM?A?B?BG? QQGK CK@MP?K?GQNCQOSGQ?QQM@PC?Q
    BCK?LB?QNPMRCGA?QB?OSCJCQQS@KCRGBMQ?MRPCGL?KCLRMGLRCLQMQCH?KLCACQQŠPG?Q ?QCTGB‘LAG?Q?RFMHCQSECPCKOSC?Q
    LCACQQGB?BCQNPMRCGA?QBMQ?RJCR?QQŽMKSGRMK?GQCJCT?B?QBMOSC1# KCQKMN?P?MQ?RJCR?QTCRCP?LMQ

    ,(6$5&1/$.6$,0*(56^1'(2416(b​0$
    2CK?QCTGB‘LAG?QAGCLR”¤A?Q?BCOS?B?QCMAMLFCAGKCLRMBMQRGNMQBCBGCR?QPGA?QCKNPMRC”i ? ?JKBMKCBMBCPCBSXGP
    ?QAMLACLRP?CQBCA?P@MGBP?RMQ MQLSRPGAGMLGQR?QAMKCVNCPG‘LAG?AJ”LGA?LMPK?JKCLRCLŽMPCAMKCLB?KBGCR?QBC?JR?
    GLECQRŽMNPMRCGA?BCTGBM?QQMAG?ŽMCTGBCLAG?B?AMKMPGQAMK?GQCJCT?BMBCBCQCLTMJTGKCLRMBCBMCL​?A?PB”?​A? ?JESLQ
    RGNMQBCA‹LACP NCPB?™QQC??BSJR?MQRCM​NMPMQC BMCL​?PCL?JCBG¤ASJB?BCQBCAMLRPMJCBMNCQM-MCLR?LRM DMLRCQ
    BCNPMRC”​L??LGK?JRCLBCK?QCPPGA?QCKEMPBSP?Q?RSP?B?C¤A?BGD”AGJ?QCN?P?ŽMBMQCDCGRMQB?EMPBSP?CB?NPMRC” i?
    ?LGK?JB?BGCR?-MCQRSBMOSCRCLRMSD?XCPGQQM ?NPMRC”​L?BCQMH?QS@QRGRSGS?NPMRC”​L??LGK?JCMQPCQSJR?BMQKMQRP?P?K
    PCBSCQBMQL”TCGQBMAMJCQRCPMJRMR?JLMQ?LESC CQNCAG?JKCLRCLMQGL​BG​T”​BSMQASHMQL”TCGQGLGAG?GQBCAMJCQRCPMJQ?LES”​
    LCMRMR?JCP?KCJCT?BMQ
    4KD?RMPOSCBG¤ASJR??GLRCPNPCR?ŽMBMQCDCGRMQB?BGCR?PGA?CKNPMRC”i ?OSCECP?JKCLRCLŽMCVGQRCSK?BC¤LGŽM
    ?ACGR? B?Q BGCR?Q BC ?JR? GLECQRŽM BC NPMRC”​L?Q C @?GV? GLECQRŽM BC A?P@MGBP?RMQ /MP CVCKNJM  ?Q BGCR?Q NMNSJ?PCQ BC
    PCBSŽM BC NCQM QŽM A?P?ARCPGX?B?Q NCJ? @?GV? OS?LRGB?BC BC A?P@MGBP?RM  RIGLQ  BC EMPBSP? 5GEGJ?LRCQ BM NCQM  AMK
    RCMPSJRP?@?GVMBCEMPBSP?.PLGQF CNPMRC”​L?KMBCP?B?9ML? Z$K@MP?LŽMCVGQR?LCLFSK?BC¤LGŽMDMPK?JB?Q
    BGCR?Q BC GLECQRŽM KSGRM @?GV? BC A?P@MGBP?RMQ  ? OS?LRGB?BC BC A?P@MGBP?RM ¤A? CK RMPLM BC  EãBG?Z  MS KCLMQ OSC
     B?Q A?JMPG?Q RMR?GQ  $K ECP?J  GQQM PCQSJR? CK GLECQRŽM BC ?NPMVGK?B?KCLRC  ?  B?Q A?JMPG?Q RMR?GQ
    NPMTCLGCLRCQ B?Q EMPBSP?Q C  ?  B?Q NPMRC”​L?Q QQGK  ? BGCR? AMK KSGRM NMSAM A?P@MGBP?RM NMBC R?K@K QCP
    A?P?ARCPGX?B?AMKMBC?JR?GLECQRŽMBCEMPBSP?CBC?JR?MSKMBCP?B?GLECQRŽMBCNPMRC”​L? HŠOSCMT?JMPBC?B?Q
    A?JMPG?Q RMR?GQ MPGSLB?Q B?Q NPMRC”​L?Q CQRŠ L? T?PG?ŽM KBG? B?Q PCAMKCLB?CQ R”NGA?Q  ?  B?Q A?JMPG?Q RMR?GQ
    NPMTCLGCLRCQB?QNPMRC”​L?Q 
    JKBMQCDCGRMQNMRCLAG?JKCLRCAMLRP?BGR™PGMQB?QEMPBSP?QQ?RSP?B?Q?QQMAG?BMQQDMLRCQ?LGK?GQBCNPMRC”​L?B?BGCR?
    MQNPMNMLCLRCQB?QBGCR?QBC?JR?GLECQRŽMNPMRCGA??APCBGR?KOSCCVGQRCSKNCP”M​BMBC?B?NR?ŽMBCTŠPG?QQCK?L?Q?LRCQ
    OSC?QPCQNMQR?QNMQGRGT?Q?CQQ?QBGCR?QMAMPP?KQCMAMPPCPCK $QQCNCP”M​BMBC?B?NR?ŽMNMBCGL¥SCLAG?P?QAMLAJSQCQ
    RGP?B?QBCCQRSBMQOSCGLTCQRGE?P?KMQCDCGRMQB?QBGCR?QAMK?JR?GLECQRŽMBCNPMRC”​L?Q/MPCVCKNJM AMKQCK?L?BC
    BGCR? PGA? CK NPMRC”​L?   EãIEãBG?Z  M RCKNM BC ,5+<9(5*, L? CQRCGP? ?R ? CV?SQRŽM ?  BM AMLQSKM KŠVGKM BC
    MVGE‘LGM BGKGLSGS $LRPCR?LRM  M RCKNM BC ,5+<9(5*, ?R ? CV?SQRŽM ?N™Q  QCK?L?Q CK BGCR? ?SKCLRMS BC K?LCGP?
    AMLQGBCPŠTCJKCQKMOSCMQQSHCGRMQRCLF?KA?PPCE?BMKMAFGJ?QAMKMCOSGT?JCLRC?MNCQMNCPBGBMAMK?BGCR?PGA?CK
    NPMRC”​L? APCBGR? QC OSC M RCKNM K?GMP N?P? AFCE?P  CV?SQRŽM CK  QCK?L?Q  K?Q LŽM CK  QCK?L?  B? BGCR? BC ?JR?
    GLECQRŽMBCNPMRC”​L?QDMGBCAMPPCLRCB??SQ‘LAG?B?Q?B?NR?CQKCR?@™JGA?QBGCR?L??QCK?L?
     BCEP?B?ŽM GLAMKNJCR? BC JGN”BGMQ  PCQSJR?LBM CK DMPK?ŽM BC 3?B@?C 35Dt>93?C  MQ OS?GQ QŽM KMJASJ?Q OSC
    ?NPCQCLR?KSK". MSEPSNMA?P@MLGJ? CLRPCBMGQA?P@MLMQSK??B?NR?ŽMKCR?@™JGA?QBGCR?QPGA?QCKNPMRC”​L?OSC
    PCOSCPCKTŠPG?QQCK?L?Q#SP?LRCNCP”M​BMQBC@?GV?BGQNMLG@GJGB?BCBCA?P@MGBP?RM AMKMBSP?LRC?BGCR?BC?JR?GLECQRŽM
    NPMRCGA? MQAMPNMQACRšLGAMQDMPLCACKQS@QRP?RMKCR?@™JGAM?JRCPL?RGTMN?P?QCPSQ?BMLMJSE?PB?EJGAMQC4K?K?LCGP?
    BCDMPK?PAMPNMQACRšLGAMQNMPKCGMB?BCEP?B?ŽMBC?ACRGJ "M TCP"?N”RSJM AMLDMPKCBCQAPGRML?%GESP?
    0S?LBM ? NPMBSŽM BC AMPNMQ ACRšLGAMQ CVACBC ? QS? SRGJGX?ŽM  M COSGJ”@PGM ?AGBM@ŠQGAM BM Q?LESC ¤A? AMKNPMKCRGBM
    NMPOSC ?JESLQ AMPNMQ ACRšLGAMQ  AF?K?BMQ 35D?g​394?C  AMLR‘K SK EPSNM ŠAGBM "..'  . ?SKCLRM BMQ AMPNMQ
    ACRšLGAMQLMQ?LESCCL?SPGL?AF?K?BMBC35D?C5 ?OS?JSQ?B?CK?JESLQCQRSBMQAMKMGLBGA?BMPB??BCQŽMBGCR?
    BC ?JR? GLECQRŽM BC NPMRC”​L? JK BGQQM  ? ACRMQC QSNPGKC M ?NCRGRC  M OSC AMLQRGRSG SK? A?P?ARCP”QRGA? B? BGCR? BC ?JR?
    GLECQRŽMBCNPMRC”​L?OSC?HSB?L?PCBSŽMBMNCQM QAMLACLRP?CQBMQAMPNMQACRšLGAMQL?QBGCR?QPGA?QCKNPMRC”​L?
    CLRPCR?LRM  LŽM CQRŽM L? T?PG?ŽM M@QCPT?B? L?Q AMLBGCQ NCPGEMQ?Q B? ACRMQC BG?@RGA? /MPK  K?GQ SK? TCX  ?Q
    ?B?NR?CQ¤QGMJ™EGA?QLCACQQŠPG?QN?P?OSCMQh žQASJMQCKRP?@?JFMAMLQGE?KCDCRGT?KCLRCSQ?PMQAMPNMQACRšLGAMQL?
    NPMBSŽM BC 3/ JCT?K RCKNM  C BSP?LRC CQQC NCP”M​BM M BCQCKNCLFM LM CVCPA”AGM NMBC QMDPCP GKN?ARMQ LCE?RGTMQ
    A?SQ?BMQ NCJ? BGCR? BC ?JR? GLECQRŽM NPMRCGA? Q BGCR?Q PGA?Q CK NPMRC”​L? KMQRP?P?K ACPR? KCJFMP? LM BCQCKNCLFM C
    @CLCD”AGMQ NMQGRGTMQ N?P? ? Q?ž​BC  AMKM PCBSŽM BM NCQM C KCJFMP? BM NCP¤J JGN”BGAM Q?LES”i CM -M CLR?LRM  FŠ
    LCACQQGB?BCBCK?GQNCQOSGQ?QN?P?CQAJ?PCACPQCSQNMQQ”TCGQ@CLCD”AGMQCMDSRSPMSQMHŠOSCN?PCACNPMKGQQMP?QS?PCJ?ŽM
    AMK ? PCBSŽM BM NCQM C M AMK@?RC  M@CQGB?BC  ? OS?J AML​RG​LS? QCLBM CNGB‘KGA? ?NCQ?P BM ?SKCLRM B? GLECQRŽM BC
    A?P@MGBP?RMQCB?PCBSŽMBMAMLQSKMBCEMPBSP?Q?MJMLEMBMQžJRGKMQ?LMQ

    86DA0  #tC>3> 34 5>A<0sr> 3>B 2>A?>B 24C|=82>B 2G; =?NIH;
     JIL >?VHC‹ŠI
     ;JL?M?HN; OG ALOJI ,
    ?HNL? >ICM =;L<IHIM   IH>?HM;‹ŠI >? >ICM ;=?NCF I JLI>OT  =?NIH;
     ;=?NI;=?N;NI   , ;=?NI;=?N;NI JI>?
    J?L>?L  GIFŒ=OF; >? >C•​RC>I >? =;L<IHI
     @ILG;H>I IONL; =?NIH;   , ;=?NI;=?N;NI JI>? N?L >ICM BC>LIAHCIM
    ;>C=CIH;>IM ; ?F?
     @ILG;H>I  =ILJI =?N–HC=I  , ;=?NI;=?N;NI ? ; ;=?NIH; MŠI =?NIH;M P?L>;>?CL;M
     ?HKO;HNI I
    <?N; BC>LIRC<ONCL;NI
    HŠIJILŒGŒ=B;G;>I>?=ILJI=?N–HC=IJICMŒ@ILG;>I>OL;HN?;=?NIM?

    72.(/(06$_^1'(2416(b​0$$06(5'74$06(('(21,5'164(,0$/(061
    QSNJCKCLR?ŽMBCNPMRC”​L?L?DMPK?BC@?PP?QMS@C@GB?QCQNMPRGT?QNMBCQCPT?JGMQ?LŽM?NCL?QN?P?MQGL​BG​T”​BSMQOSC
    NP?RGA?KMRPCGL?KCLRMPCQGQRGBM AMKMR?K@KN?P??OSCJCQOSCPC?​JG​X?KRPCGL?KCLRMBC,5+<9(5*,$QQ?QSNJCKCLR?ŽM
    CQNCAG?JKCLRCTŠJGB?N?P??RJCR?QAMKEP?LBCQTMJSKCQBCRPCGL?KCLRMBC?JR?GLRCLQGB?BC NMGQ?NPCQCLR?KBCK?LB?Q
    NPMRCGA?QK?GMPCQOSCMQGL​BG​T”​BSMQQCBCLRŠPGMQTCPQCŽMY/PMRC”​L?^ 0S?LBMMRPCGL?KCLRMBC,5+<9(5*,QCGLRCLQG¤A?
    ? NPMRC”​L?  LCACQQŠPG? N?P? K?LRCP ? K?QQ? K?EP?  NMGQ MQ ?KGLMŠ​AGBMQ QŽM KCR?@MJGX?BMQ BSP?LRC M CVCPA”AGM BC
    ,5+<9(5*,$KECP?J MQ?RJCR?QBC,5+<9(5*,LŽMBCQCH?KMAPCQAGKCLRMB?K?QQ?K?EP?LMCLR?LRM ?PCBSŽMBCK?QQ?
    K?EP? CTCLRS?JKCLRC ?DCR? M BCQCKNCLFM BC ,5+<9(5*, JK BGQQM  EP?LBCQ TMJSKCQ BC RPCGL?KCLRM BC ,5+<9(5*,
    QM@PCRSBM BC AMPPGB?  NMBCK MA?QGML?P B?LMQ N?P? M RCAGBM ​KSQASJ?P  F?TCLBM ? LCACQQGB?BC B? GLECQRŽM ?BCOS?B? BC
    NPMRC”​L?N?P?PCN?P?PMRCAGBMB?LG¤A?BM$KAMLRP?QRC L?K?GMPG?B?QTCXCQ MRPCGL?KCLRMPCQGQRGBMNPCRCLBC?SKCLR?P
    ? K?QQ? K?EP?  M OSC PCOSCP GLECQRŽM NPMRCGA? K?GQ ?ACL​RS?B? -?Q NP™VGK?Q QCCQ  QCPŽM CVNJMP?BMQ MQ NMQQ”TCGQ
    @CLCD”AGMQBMQQSNJCKCLRMQNPMRCGAMQBSP?LRCMRPCGL?KCLRMBC,5+<9(5*,CPCQGQR‘LAG?

    *A48=0<4=C>A4B8BC83>4BD?;4<4=C0sr>?A>C4820
     GLECQRŽM C ? GLDSQŽM BC ?KGLMŠ​AGBMQ AMK MS QCK A?P@MGBP?RMQ CQRGKSJ?K ? Q”LRCQC BC NPMRC”​L? ?N™Q M CVCPA”AGM BC
    PCQGQR‘LAG?  . AMLQSKM BC NPMRC”​L? GKCBG?R?KCLRC ?LRCQ MS L?Q NPGKCGP?Q  F ?N™Q M CVCPA”AGM   CV?ACP@? ?
    Q”LRCQC NPMRCGA? $QQ? Q”LRCQC NPMRCGA? K?GQ ?ACL​RS?B? N?PCAC CQR?P PCJ?AGML?B? LŽM ?NCL?Q ?M QSNPGKCLRM K?GMP BC
    ?KGLMŠ​AGBMQ  K?Q R?K@K ?M ?K@GCLRC ?L?@™JGAM K?GQ D?TMPŠTCJ BCAMPPCLRC B?Q ?JRCP?CQ GLBSXGB?Q NCJM CVCPA”AGM L?Q
    AMLACLRP?CQFMPKML?GQ AMKMCJCT?ŽMB?GLQSJGL?Q?LES”​LC?CBMFMPKšLGMBMAPCQAGKCLRM 
    GLB? OSC ? GLECQRŽM BC NPMRC”​L? C A?P@MGBP?RM GKCBG?R?KCLRC ?LRCQ MS BCNMGQ B? QCQQŽM BC RPCGL?KCLRM PCQGQRGBM
    GLRCLQG¤OSC?Q”LRCQCNPMRCGA? BGTCPQMQCQRSBMQOSCSRGJGX?P?KMKCQKMQSNJCKCLRMEBC?KGLMŠ^GBMQCQQCLAG?GQCE
    BCQ?A?PMQC GLBGA?KOSC?QSNJCKCLR?ŽMPC?​JG​X?B?NMSAM?LRCQBMCVCPA”AGMK?VGKGX??Q”LRCQCBCNPMRC”​L?  Q”LRCQC
    NPMRCGA? K?GQ ?ACL​RS?B? AMK ? QSNJCKCLR?ŽM ?LRCQ BM CVCPA”AGM NMBC CQR?P PCJ?AGML?B? AMK M K?GMP ¥SVM Q?LES” i CM
    BSP?LRC M CVCPA”AGM  M OSC ?SKCLR? ? BGQNMLG@GJGB?BC BC ?KGLMŠ​AGBMQ N?P? ? Q”LRCQC BC NPMRC”​L? N?P? M ​KžQASJM CK
    CVCPA”AGM  4K?CVNJGA?ŽM?JRCPL?RGT?BGXOSC?Q”LRCQCBCNPMRC”​L?CQRGKSJ?B?R?LRMNCJMCVCPA”AGMOS?LRMNCJ?
    PCQNMQR?K?GQ?ACP@?B?B?GLQSJGL?GLQSJGL?CQRGKSJ??A?NR?ŽMR?LRMBCA?P@MGBP?RMOS?LRMBC?KGLMŠ​AGBMNCJMQRCAGBMQ
    OS?LBMMQSNJCKCLRMBCNPMRC”​L?CA?P@MGBP?RMDMPLCAGBM?LRCQBMCVCPA”AGM COSC?Q”LRCQCBCNPMRC”​L??ACL​RS?B?AML​
    RG​LS? ?N™Q M CVCPA”AGM "MLRSBM  RCK QC PCJ?R?BM OSC ? QSNJCKCLR?ŽM BC NPMRC”​L? ?N™Q M CVCPA”AGM  CK N?P​RGASJ?P JMEM
    ?N™Q ? QCQQŽM BC RPCGL?KCLRM PCQGQRGBM   A?N?X BC ?ACL​RS?P ? Q”LRCQC NPMRCGA? ​KSQASJ?P 2SNMQR?KCLRC  M AMLQSKM
    ?BGAGML?J BC NPMRC”​L? BSP?LRC M NCP”M​BM LM OS?J MQ ​KžQASJMQ CQRŽM PCN?P?LBM M RCAGBM B?LG¤A?BM NCJM CVCPA”AGM BC
    JCT?LR?KCLRMBCNCQMGLRCLQMNPMKMTCE?LFMQBCK?QQ?​KSQASJ?P%MGAMLQR?R?BMOSCCQQCCDCGRMPCN?P?BMPB?NPMRC”​L?
    T?JGMQM QM@PCRSBMBSP?LRCJMLEMQNCP”M​BMQ0, TŠPGMQKCQCQ BCRPCGL?KCLRMBC?JR?GLRCLQGB?BC OS?LBMMBCQCKNCLFM
    QMDPCCKTGPRSBCBMB?LMRC​AG​BS?JASKSJ?RGTMCCVACQQGTM
    .Q ?AF?BMQ B? NCQOSGQ? ?NPCQCLR?BMQ ?LRCPGMPKCLRC QSECPCK OSC CVGQRC SK? H?LCJ? PCJ?RGT?KCLRC EP?LBC BC
    MNMPRSLGB?BCQOSCQCCQRCLBCBCQBCMGL”AGMBMCVCPA”AGMPCQGQRGBM?RTŠPG?QFMP?QBCNMGQ BSP?LRC?OS?J?QSNJCKCLR?ŽM
    BC NPMRC”​L? NMBC GLRCLQG¤A?P ?Q ?RGTGB?BCQ ?L?@™JGA?Q BCLRPM BM RCAGBM h SQASJ?P $LRPCR?LRM  GLBCNCLBCLRCKCLRC BM
    KMKCLRM OS?LBMMQQSNJCKCLRMQBCNPMRC”​L?QŽMGLECPGBMQCKPCJ?ŽMQQCQQCQBCRPCGL?KCLRMPCQGQRGBM MAPCQAGKCLRM
    B? K?QQ? ​KSQASJ?P N?PCAC JCT?P ?JESK RCKNM 4K? NCQOSGQ? BCRCPKGLMS OSC OS?RPM QCK?L?Q BC RPCGL?KCLRM PCQGQRGBM
    AMK@GL?BM  QSNJCKCLR?ŽM BC NPMRC”​L? LŽM AMLQCESGP?K CQRGKSJ?P E?LFMQ BC K?QQ? ​KSQASJ?P /MPK  CK MSRPM
    CQRSBM  M NPMEP?K? BC RPCGL?KCLRM PCQGQRGBM BC OS?RPM QCK?L?Q AMK@GL?BM AMK ? QSNJCKCLR?ŽM BC NPMRC”​L? M@RCTC
    QSACQQM LM M@HCRGTM BC CQRGKSJ?P ?SKCLRMQ QGELG¤A?RGTMQ L? K?QQ? h SQASJ?P BM AMPNM RMBM . !MVC  MDCPCAC K?GQ
    GLDMPK?CQ?PCQNCGRMB?QSNJCKCLR?ŽMBCNPMRC”​L??QQMAG?B??MRPCGL?KCLRMPCQGQRGBM

    ,4& 
     ;
    !=84-5-6<)dc78):))=5-6<):);h6<-;-,-8:7<-h​6)​5=;+=4):)8l;)
    ;-;;c7,-<:-16)5-6<7:-;1;<1,7
    ?8>" FI&8)#
    /(094(505,:0636.@(5+,(3;/+<*(;065
    !,9,:(6A(5665.5+6>,+/(09
    !/,"50=,9:0;@6-!,?(:
    <:;05!?

    N™Q M RPCGL?KCLRM PCQGQRGBM  M ​KžQASJM ?RGTM ?NPCQCLR? ?Q PCQCPT?Q BC EJGAME‘LGM CQEMR?B?Q C CQRŠ CK CQR?BM
    A?R?@™JGAM 0 ,  ? BCEP?B?ŽM BC NPMRC”​L? CVACBC ? Q”LRCQC  $QQC CQR?BM RCK GL”AGM BSP?LRC M CVCPA”AGM CK
    BCAMPP‘LAG? B? CJCT?ŽM BMQ FMPKšLGMQ A?R?@™JGAMQ  AMKM AMPRGQMJ  C B? BGKGLSGŽM BMQ FMPKšLGMQ ?L?@™JGAMQ
    AMKM?GLQSJGL? AMLQC​OS‘LAG?BGQQMM?SKCLRMB?BCEP?B?ŽMCBMB?LM​KSQASJ?POSCAML​RG​LS??N™QMRPKGLM
    BMCVCPA”AGM KCQKMOSC?JEMQCH?DCGRMN?P?PCTCPRCPCQQCBCQCOSGJ”@PGMLMKCR?@MJGQKMB?NPMRC”​L?.AMLQSKMB?Q
    AMLACLRP?CQCBMQRGNMQ?NPMNPG?BMQBCK?APMLSRPGCLRCQ @CKAMKMMKMKCLRM?BCOS?BMBCQQCAMLQSKM A?N?X
    BCJGKGR?P?AMLBGŽMA?R?@™JGA?GLBSXGB?NCJMCVCPA”AGMPCQGQRGBMC?SKCLR?PMNMRCLAG?J?L?@™JGAMBMCQR”KSJMBM
    CVCPA”AGMPCQGQRGBM
    CJCT?ŽMBML”TCJBMQ?KGLMŠ​AGBMQCQQCLAG?GQLMQ?LESCNPMKMTC?Q”LRCQCBCNPMRC”​L? N?P​RGASJ?P​KCLRC?N™QM
    CVCPA”AGM 3?K@K DMG AMLQR?R?BM OSC ? GLQSJGL? NPMTMA? ? Q”LRCQC BC NPMRC”​L? ​KSQASJ?P L? NPCQCL? BC L”TCGQ
    QS¤AGCLRCQBC?KGLMŠ ^GBMQ%MGCTGBCLAG?BMOSC?CJCT?ŽMQGKSJR‹LC?BMQL”TCGQBCGLQSJGL?C?KGLMŠ ^GBMQCVCPAC
    
    SKCDCGRM?BGRGTMQM@PC?Q”LRCQCBCNPMRC”​L?CPCBSX?BCEP?B?ŽM​KSQASJ?P
    /?P?CJCT?PMQL”TCGQBC?KGLMŠ​AGBMQCGLQSJGL? SKQSNJCKCLRMMSSK?PCDCGŽMAMLRCLBMNPMRC”​L?CA?P@MGBP?RM
    NMBC QCP @?QR?LRC C¤A?X  AMK@GL?ŽM BC NPMRC” i ? C A?P@MGBP?RM CVCPAC SK CDCGRM QGLCPEGQR? QM@PC ? QCAPCŽM BC
    GLQSJGL? . A?P@MGBP?RM MS ? KGQRSP? BC A?P@MGBP?RM BCTC QCP NPMLR?KCLRC BGECP”TCJ C RCP ?JRM ”LBGAC EJGA‘KGAM
    MA?QGML?LBM ? PCQNMQR? ?ACL​RS?B? B? GLQSJGL?  NPMRC”​L? BCTC AMLRCP RMBMQ MQ TGLRC ?KGLMŠ​AGBMQ C RCP ?JR?
    AMLACLRP?ŽM BC ?KGLMŠ​AGBMQ CQQCLAG?GQ  NPMRC”​L? BM QMPM BM JCGRC ?NPCQCLR? NCP¤J NPMRCGAM @?QR?LRC CDCRGTM
    KGQRSP?BCNPMRC”​L?R?K@KBCTCQCPAMLQGBCP?B?!MGPGC,;(3AMLQR?R?P?KOSC?Q”LRCQCBCNPMRC”​L?QS@GS
    AMK ? QSNJCKCLR?ŽM BC QMPM BM JCGRC C  AMK M QSNJCKCLRM BC A?QC”​L?  PCQNMQR? ?L?@™JGA?  LM CLR?LRM  DMG
    K?GQ BSP?BMSP? AMK ? A?QC”​L? /MPR?LRM  NMBC QCP K?GQ @CL¤AM M AMLQSKM B? AMK@GL?ŽM BC QMPM C A?QC”i ? L?
    QSNJCKCLR?ŽM?N™QMCVCPA”AGM
    .KMKCLRM?BCOS?BMB?QSNJCKCLR?ŽMBCNPMRC”​L?CA?P@MGBP?RMDSLB?KCLR?J.CVCPA”AGMCJCT?MNMRCLAG?J
    ?L?@™JGAMBM​KžQASJM K?Q AMKMRCKNM CQQ?QCLQG@GJGB?BCK?GQ?JR?N?P???RGT?ŽMBCK?APMLSRPGCLRCQBGKGLSG
    /MP CVCKNJM  +CTCLF?ECL ,; (3 PCJ?R?P?K OSC ? Q”LRCQC BC NPMRC”​L? OS?QC RPGNJGAMS OS?LBM ? QSNJCKCLR?ŽM
    MAMPPCSJMEMBCNMGQBMCVCPA”AGM N™QF LŽMDMGAMLQR?R?BM?SKCLRMB?Q”LRCQCBCNPMRC”​L?$KNCQOSGQ?K?GQ
    PCACLRC "PG@@,;(3M@QCPT?P?KOSCMQQSHCGRMQOSCPCAC@CP?K?QSNJCKCLR?ŽMGKCBG?R?KCLRC?LRCQCBCNMGQBM
    CVCPA”AGMBSP?LRCQCK?L?QBCRPCGL?KCLRMBCCVCPA”AGMPCQGQRGBMKMQRP?P?KAPCQAGKCLRMK?GMPB?K?QQ?RC​
    AG​BS?JK?EP?C?K?GQBC?SKCLRMBCDMP?BMOSCMQGL​BG​T”​BSMQOSCPCAC@CP?KQSNJCKCLRMQLMGL”AGMCLM
    ¤L?JBMBG?
    .AMLQSKMBCSKQSNJCKCLRMBCA?P@MGBP?RMMSBCNPMRC”​L?GKCBG?R?KCLRC?LRCQCBSP?LRCMCVCPA”AGMPCBSX?
    BCEP?B?ŽMBCNPMRC”​L?CJGKGR?MB?LM​KSQASJ?P!?RW,;(3NCQOSGQ?P?KGL​BG​T”​BSMQOSCAMLQSKGP?KQSNJCKCLRMQ
    BC A?P@MGBP?RMNPMRC”​L? MS NJ?AC@M ?LRCQ C BSP?LRC ? QCQQŽM BC RPCGL?KCLRM PCQGQRGBM .Q L”TCGQ BC AMPRGQMJ
    NJ?QKŠRGAM C APC?RGLMOSGL?QC K?PA?BMPCQ BC B?LM ​KSQASJ?P   F ?N™Q M CVCPA”AGM DMP?K QGELG¤A?RGT?KCLRC
    GLDCPGMPCQLMQGL​BG​T”​BSMQOSCPCAC@CP?KQSNJCKCLRMBCA?P@MGBP?RMNPMRC”​L?CKAMKN?P?ŽMAMK?OSCJCQBMEPSNM
    BM NJ?AC@M $QQCQ PCQSJR?BMQ QSECPCK OSC ? QSNJCKCLR?ŽM ?LRCAGN?B?  C R?JTCX BSP?LRC M CVCPA”AGM  PCBSX? ?
    BCEP?B?ŽMBCNPMRC”​L?CPCQRPGLECMB?LM​KSQASJ?P
     OS?LRGB?BC BC NPMRC”​L? C A?P@MGBP?RM ? QCP AMLQSKGB? R?K@K  GKNMPR?LRC 2C ? QSNJCKCLR?ŽM MAMPPCP
    ?NCL?Q ?N™Q M CVCPA”AGM  PCAMKCLB? QC ? AMLACLRP?ŽM BC A?P@MGBP?RM OSC NPMKMT? ? CJCT?ŽM AMLQGBCPŠTCJ BMQ
    L”TCGQ BC GLQSJGL? NJ?QKŠRGA? C OSC QCH? QS¤AGCLRC N?P? PCQR?SP?P QS@QR?LAG?JKCLRC M EJGAME‘LGM h SQASJ?P $QQ?
    OS?LRGB?BC¤A?CLRPC C EBCA?P@MGBP?RMQNMPOSGJMBCNCQMAMPNMP?J NMPŽMBCNPMRC”i ?AMLQSKGB?BCTC
    DMPLCACP ACPA? BC   E BC ?KGLMŠ​AGBMQ CQQCLAG?GQ  M OSC NMBC QCP AMLQCESGBM AMK  ?  E BC NPMRC”​L?Q .
    QSNJCKCLRMAMKBS?QN?PRCQBCA?P@MGBP?RMCSK?N?PRCBCNPMRC”​L? NMPCVCKNJM EBCEJGAMQCCEBCQMPMBM
    JCGRC DSLAGML?KSGRM@CK2C?QSNJCKCLR?ŽMMAMPPCP?LRCQCBCNMGQBMCVCPA”AGM ?OS?LRGB?BCBCA?P@MGBP?RMC
    NPMRC”​L?LMQSNJCKCLRMNMBCQCPBGTGBGB?CKNMPCQGES?GQ
    $KPCQSKM N?P?NPMKMTCPM?SKCLRMB?Q”LRCQCJ”OSGB?BCNPMRC”​L??N™QMRPCGL?KCLRMPCQGQRGBM GKNMPR?LRC
    QSNJCKCLR?P GKCBG?R?KCLRC ?N™Q M CVCPA”AGM AMK A?P@MGBP?RM C NPMRC”​L?  QSNJCKCLR?ŽM ?LRCQ BM CVCPA”AGM
    R?K@KNMBCQCP@CL¤A? HŠOSCN?PCACPCBSXGPMB?LM?MRCAGBMh SQASJ?PBSP?LRC?PCASNCm?ŽMB?TCJMAGB?BCC
    BM CVCPA”AGM 1CAMKCLB? QC ? GLECQRŽM BC A?P@MGBP?RMQ QGKNJCQ AMK ?JRM ”LBGAC EJGA‘KGAM  NPMRC”​L? BCTC QCP
    AMKNJCR? 3?K@K NMBC QCP T?LR?HMQM SQ?P TŠPGMQ RGNMQ BC NPMRC”​L?Q  AMKM ? BM QMPM BM JCGRC C ? A?QC”​L? .Q
    QSNJCKCLRMQOSCAMLR‘KBS?QN?PRCQBCA?P@MGBP?RMCSK?N?PRCBCNPMRC”​L?QŽMPCAMKCLB?BMQN?P?MRPCGL?KCLRM
    PCQGQRGBM

    %121>g:/5-?
     ,GJJCP2+ 3GNRML*# "FGLICQ#+ CR?J(LBCNCLBCLR?LBAMK@GLCBCDDCARQMD?KGLM?AGBQ?LBEJSAMQC?DRCPPCQGQR?LAC
    CVCPAGQC,CB2AG2NMPRQ$VCPAZ
     !MGPGC8 #?LEGL, &?AFML/ CR?J2JMU?LBD?QRBGCR?PWNPMRCGLQBGDDCPCLRJWKMBSJ?RCNMQRNP?LBG?JNPMRCGL?AAPCRGML
    /PMA-?R A?B2AG42 Z
     +CTCLF?ECL#* &PCQF?K)# "?PJQML,& CR?J/MQRCVCPAGQCLSRPGCLRGLR?ICRGKGLEGLFSK?LQGQAPGRGA?JRMPCAMTCPWMD
    JCEEJSAMQC?LBNPMRCGLFMKCMQR?QGQ K)/FWQGMJ$Z$
     "PG@@/) '?WCQ $DDCARQMDQSNNJCKCLRRGKGLE?LBPCQGQR?LACCVCPAGQCMLQICJCR?JKSQAJCFWNCPRPMNFW,CB2AG2NMPRQ
    $VCPAZ
     !?RW)) 'U?LE' #GLE9 CR?J3FCCDDCARMD?A?P@MFWBP?RC?LBNPMRCGLQSNNJCKCLRMLPCQGQR?LACCVCPAGQCNCPDMPK?LAC
    FMPKML?JPCQNMLQC ?LBKSQAJCB?K?EC)2RPCL"MLB1CQZ

    *A48=0<4=C>344=3DA0=244BD?;4<4=C0sr>34?A>C4w​=0
    #CKMBMECP?J MQ?RJCR?QBC,5+<9(5*,LŽMQCNPCMASN?KCK?SKCLR?P?K?QQ?K?EP?-MCLR?LRM CJCQQCGKNMPR?KAMK
    ?PCASNC​P?ŽMCLRPC?QQCQQCQBCRPCGL?KCLRMC?N™Q?QAMKNCRGCQ @CKAMKMAMKNMQQ”TCGQKCJFMPG?QLMBCQCKNCLFM
    ?CP™@GM PCASNC​P?ŽMCLTMJTCLŽM?NCL?Q?K?LSRCLŽMBMQL”TCGQ​KSQASJ?​PCQBCEJGAME‘LGM K?QR?K@K?AMLQCPT?ŽM
    B? K?QQ? K?EP? C ? NPCTCLŽM B? BMP PCQSJR?LRC BM B?LM ​KSQASJ?P %MG AMLQR?R?BM OSC ? GLECQRŽM BC QSNJCKCLRMQ BC
    NPMRC”​L? C A?P@MGBP?RM ?N™Q M CVCPA”AGM  CK MNMQGŽM ?MQ AMKNMQRMQ ?NCL?Q BC A?P@MGBP?RM  ?ACL​RS? ? PCQQ”LRCQC BC
    EJGAME‘LGM(QQMGLBGA?OSC?GLECQRŽMBCNPMRC”​L?NMBCGL¥SCLAG?P?Q”LRCQCBCEJGAME‘LGMLM h žQASJM?N™QMCVCPA”AGM
    BC,5+<9(5*,#CD?RM ?QNCQOSGQ?Q?NMLR?KOSC?GLECQRŽMBCA?P@MGBP?RMCNPMRC”​L??N™QMCVCPA”AGMCV?ACP@??PCQNMQR?
    GLQSJGL‘KGA? CK AMKN?P?ŽM AMK M AMLQSKM ?NCL?Q BC A?P@MGBP?RM    ?ACL​RS?LBM ? A?NR?ŽM BC A?P@MGBP?RM NCJM
    RCAGBM ​KSQASJ?P 4K? TCX OSC M B?LM ​KSQASJ?P GLBSXGBM NCJM CVCPA”AGM NMBC NPMBSXGP LŽM ?NCL?Q BMP  AMKM R?K@K
    AMKNPMKCRGKCLRM BM BCQCKNCLFM  MQ NCQOSGQ?BMPCQ CQRSB?P?K PCACLRCKCLRC QC ? AMKNMQGŽM BC SK QSNJCKCLRM
    AMLQSKGBM BSP?LRC MQ NCP”M​BMQ BC GLRCLQM RPCGL?KCLRM NMBCPG? ?RCLS?P MS ?R KCQKM CJGKGL?P M B?LM ​KSQASJ?P #MGQ
    EPSNMQBCNCQOSGQ?BMPCQPCJ?R?P?KOSC CKAMKN?P?ŽMAMKMQSNJCKCLRMAMKNMQRM?NCL?QBCA?P@MGBP?RM MQSNJCKCLRM
    AMLRCLBM?AMK@GL?ŽMBCNPMRC”​L?CA?P@MGBP?RMK?GQC¤A?XLŽMQMKCLRCLMCQR”KSJMQ”LRCQCBCNPMRC”i ?h SQASJ?P 
    AMKMR?K@KL?PCBSŽMB?BMPCBMB?LM​KSQASJ?P %GA?AJ?PMOSCMQ?RJCR?QBC,5+<9(5*, AMKMMQBCDMP? NMBCK
    QC@CLC¤AG?PBMAMLQSKMBCQSNJCKCLRMNPMRCGAMQ

    ! 

    %G2=@C>2:D2=E@56?EC@52G2C:2wv@52DA@C46?E286?D56 2 52:?86DEv@56AC@E6{​?2A6C>:E6@C6A2C@>2:D56D6;sG6=5@​


    >ƒD4F=@65@E64:5@4@?64E:G@
    D?646DD:5256DAC@E6:42D5@D2E=6E2DA@56>D6C6=6G252D56G:5@2@>6E23@=:D>@>2:D:?E6?D@56AC@E6{​?25FC2?E622E:G:525662
    ?646DD:525656>2?E6C@F2F>6?E2C2>2DD256​>ƒD4F=@6DBF6=xE:4@
    D 56>2?52D 56 AC@E6{​?2 C64@>6?5252D A2C2 2E=6E2D 56  &#     2  8†<8 >2DD2 4@CA@C2=N †5:2N  6 56 7@Cw2   8†<8
    >2DD24@CA@C2=N †5:2N @F>2:DDv@>2:D2=E2DBF62D52(
    8†<8>2DD24@CA@C2=N †5:2N A@Cx>@2E=6E24@?D68F62E6?5y
    =2D4@?DF>:?5@>2:D42=@C:2D
    I:DE6 F>2 ;2?6=2 C6=2E:G2>6?E6 =2C82 56 @A@CEF?:5256D BF6 4@>6w2 A@F4@ 2?E6D 52 D6DDv@ 56 EC6:?2>6?E@ C6D:DE:5@ 6 E6C>:?2
    2=8F>2D9@C2D56A@:D5@6I6C4{4:@5FC2?E62DBF2:D2DFA=6>6?E2wv@A@56246?​EF2C2D{?E6D656AC@E6{​?2$@6?E2?E@6DEF5@D
    D@3C6EC6:?2>6?E@2=@?8@AC2J@Dv@?646DDsC:@DA2C2DF3DE2?4:2CD62DFA=6>6?E2wv@2F>6?E22>2DD2>28C2
    %DDFA=6>6?E@DBF64@?Ey>24@>3:?2wv@5642C3@:5C2E@6AC@E6{​?2A@56>2;F52C?2C64FA6​C2wv@52D2E:G:5256D56 &# 6
    ?2>2?FE6?wv@52>2DD2​>FD4F=2C56DD6D2E=6E2D
    :?4=FDv@5662>:?@s​4:5@D6DD6?4:2:D?@DFA=6>6?E@AC@E6:4@x:>A@CE2?E6A@:D6DD6D2>:?@s​4:5@D6DE:>F=2>2D{?E6D656
    AC@E6{​?2

    ,215'($/,01\​&,'15015572.(/(0615
     AMKNMQGŽM BC ?KGLMŠ​AGBMQ BM QSNJCKCLRM NPMRCGAM  SK? GKNMPR?LRC AMLQGBCP?ŽM N?P? M ?RJCR? .Q ?KGLMŠ​AGBMQ
    NMBCKQCPAJ?QQG¤A?BMQAMKMCQQCLAG?GQZ?OSCJCQOSCLŽMQŽMNPMBSXGBMQNCJMAMPNMCNMPGQQMNPCAGQ?KQCPAMLQSKGBMQZ
    MS LŽM CQQCLAG?GQ  MQ OS?GQ M AMPNM AMLQCESC NPMBSXGP TCP "?N”RSJM   #CNMGQ BGQQM  MQ ?KGLMŠ​AGBMQ NMBCK QCP
    A?RCEMPGX?BMQAMKMBCA?BCG?P?KG¤A?B?MSBCA?BCG?LŽMP?KG¤A?B?3?@CJ? .Q?KGLMŠAdBMQCQQCLAG?GQN?PCACKQCP
    CQRGKSJ?LRCQ NPGKŠPGMQ B? Q”LRCQC BC NPMRC”​L? ​KSQASJ?P  AMK NMSA? AMLRPG@SGŽM BMQ ?KGLMŠ​AGBMQ LŽM CQQCLAG?GQ  
    JKB?DSLŽMBCQS@QRP?RMN?P??MVGB?ŽMC AMKGQQM NPMBSŽMBC 3/ MQ?KGLMŠ​AGBMQBCA?BCG?P?KG¤A?B?!""
    CKN?P​RGASJ?P?JCSAGL? QŽMMQK?GQGKNMPR?LRCQCQRGKSJ?LRCQB?Q”LRCQCBCNPMRC”​L?​KSQASJ?PCQOSCJRGA?2CLBM?QQGK ?
    GLAJSQŽM BMQ ?KGLMŠ​AGBMQ CQQCLAG?GQ C !""  LM QSNJCKCLRM NPMRCGAM  GKNMPR?LRC  QM@PCRSBM OS?LBM M M@HCRGTM B?
    QSNJCKCLR?ŽM?SKCLR?PMSK?LRCP?K?QQ?K?EP?

    '-.18-
    '5<;?01-95:;b​/50;?

    BB4=280; $r>4BB4=280;
    'GQRGBGL? J?LGL?
    (QMJCSAGL?!"" PEGLGL?
    +CSAGL?!"" QN?P?EGL?
    +GQGL? pAGBM?QNŠPRGAM
    ,CRGMLGL? "GQRC”​L?
    %CLGJ?J?LGL? pAGBMEJSR‹KGAM
    3PCMLGL? &JSR?KGL?
    3PGNRMD?LM &JGAGL?
    5?JGL?!"" /PMJGL?
    2CPGL?
    3GPMQGL?

    !"" ?KGLMŠ​AGBMQBCA?BCG?P?KG¤A?B?BMGLEJ‘Q )9(5*/,+*/(05(4056(*0+ 

    +C:8=:46C{5:@D
    .QRPGEJGACP”BGMQQŽMKCK@PMQAMKSLQB?EP?LBCD?K”JG?BCK?APMLSRPGCLRCQAMLFCAGB?AMKMJGN”BGMQMSEMPBSP?Q2ŽMMQ
    RPGEJGACP”BMQ  C LŽM MQ ŠAGBMQ EP?VMQ MS M AMJCQRCPMJ  MQ KCK@PMQ K?GQ ?@SLB?LRCQ B? D?K”JG? BMQ JGN”BGMQ CLAMLRP?BMQ
    AGPASJ?LBML?AMPPCLRCQ?LES”​LC?.QRPGEJGACP”BGMQQŽMAMKNMQRMQBCEJGACPMJ ?MOS?JŠAGBMQEP?VMQCQRŽMJGE?BMQTCP
    "?N”RSJM   /MP PCNPCQCLR?PCK SK? DMLRC T?JGMQ? BC CLCPEG? NMRCLAG?J  MQ RPGEJGACP”BGMQ AGPASJ?LRCQ QŽM A?NRSP?BMQ B?
    AMPPCLRCQ?LES”​LC?C?PK?XCL?BMQL?QAJSJ?QBCEMPBSP?@CKAMKMCKMSRPMQRCAGBMQ AMKMM​KSQASJ?P CLXGK?<9@1C5
    CQRŠJMA?JGX?B?L?QAJSJ?QBCEMPBSP?CL?Q¤@P?Qh SQASJ?mCQ CQS?DSLŽMFGBPMJGQ?PMSPCKMTCPMQŠAGBMQEP?VMQBM
    EJGACPMJ PCQSJR?LBMCKŠAGBMQEP?VMQYJGTPCQ^2ŽMCQQCQŠAGBMQEP?VMQJGTPCQOSC​?RS?KAMKMQS@QRP?RMNPGLAGN?JSQ?BMLM
    KCR?@MJGQKMCKPCNMSQMCBSP?LRCMCVCPA”AGMBC@?GV?GLRCLQGB?BC$VGQRCKBGTCPQMQRGNMQBCŠAGBMQEP?VMQTCP"?N”RSJM
     C?BGDCPCL?CLRPCCJCQCQRŠLMD?RMBCQCSQŠRMKMQBCA?P@MLMCQR?PCKMSLŽM¤V?BMQOS?LRGB?BCKŠVGK?BCŠRMKMQ
    BC FGBPME‘LGM NMQQ”TCJ 2C CQRGTCPCK  M ŠAGBM EP?VM  AMLQGBCP?BM YQ?RSP?BM^ 2C KCLMQ OSC ? OS?LRGB?BC KŠVGK? BC
    FGBPME‘LGMCQRGTCPJGE?B??MQŠRMKMQBCA?P@MLM RP?R? QCBCSKŠAGBMEP?VMGLQ?RSP?BM.QŠAGBMQEP?VMQQ?RSP?BMQQŽM
    ECP?JKCLRC?QQMAG?BMQ?PGQAMK?GQ?JRMBCTŠPG?QBMCL​?QBMOSCMQŠAGBMQEP?VMQGLQ?RSP?BMQ-?QNP™VGK?QQCCQ QCPŽM
    BGQASRGBMQMQPGQAMQN?P??Q?ž​BCPCJ?AGML?BMQAMKMQTŠPGMQRGNMQBCŠAGBMQEP?VMQ

    4$7'(5$674$_^1'1\&,'1*4$91(4,5&1'('1(0​_$
    QBGCR?QBC?JR?GLECQRŽMBCEMPBSP? QCH?Q?RSP?B?MSGLQ?RSP?B? NMBCKNPMKMTCPE?LFMBCNCQM NMGQ?EMPBSP?AMLRK
    EP?LBCQ OS?LRGB?BCQ BC OSGJMA?JMPG?Q NMP EP?K?  IA?JãEZ  ,CQKM M E?LFM BC NCQM KMBCP?BM MA?QGML? ? CJCT?ŽM B?
    NPCQQŽMQ?LES”​LC?CMSRPMQD?RMPCQBCPGQAMA?PBGMT?QASJ?PCQ-MCLR?LRM ?QEMPBSP?QQ?RSP?B?Q ?QOS?GQQŽMCLAMLRP?B?Q
    CKEP?LBCN?PRCL?QDMLRCQ?LGK?GQ QŽMCQNCAG?JKCLRCNPCMASN?LRCQ SK?TCXOSCAMLRPG@SCKN?P?M?SKCLRMBMPGQAMBC
    BMCL​? A?PBGMT?QASJ?P C ?JESLQ RGNMQ BC A‹LACP #CQQC KMBM  BCTGBM ?M @?GVM AMLRCž​BM BC EMPBSP?Q Q?RSP?B?Q
    PCAMKCLB? QC CKECP?J ?GLAJSQŽML?BGCR?BCDMLRCQBCNPMRC”​L??LGK?JK?EP? AMKMDP?LEMCNCGVC
    .ŠAGBMEP?VMKMLMGLQ?RSP?BMAMLRKSK?JGE?ŽMBSNJ?CLRPC?QKMJASJ?QBCA?P@MLM CLOS?LRMMŠAGBMEP?VMNMJG
    GLQ?RSP?BM AMLRK K?GQ BC  XCGRC BC MJGT?  ™JCM BC A?LMJ?  ™JCM BC ?KCLBMGK C ?@?A?RC QŽM DMLRCQ @M?Q BC EMPBSP?Q
    KMLMQQ?RSP?B?QDPSR?QMJC?EGLMQ?Q QCKCLRCQC™JCMQTCECR?GQAMKMBCEGP?QQMJ QQ?KMCKGJFM QŽM@M?QDMLRCQBCŠAGBMQ
    EP?VMQ NMJG GLQ?RSP?BMQ  QS@QRGRSGŽM BC EMPBSP?Q Q?RSP?B?Q L? BGCR? NMP EMPBSP?Q KMLMGLQ?RSP?B?Q C NMJG GLQ?RSP?B?Q
    PCBSX M AMJCQRCPMJ Q?LES”​LCM RMR?J  ?@?GV? ? NPCQQŽM ?PRCPG?J C BGKGLSG MQ D?RMPCQ BC AM?​ESJ?ŽM   ?RCLS?LBM M PGQAM
    A?PBGMT?QASJ?PRMR?J
     GLAJSQŽM BC ?JRMQ L”TCGQ BC EMPBSP?Q Q?RSP?B?Q L? BGCR? ?SKCLR? M PGQAM BC ?JESLQ RGNMQ BC A‹LACP  ?M N?QQM OSC M
    AMLQSKM BC L”TCGQ CJCT?BMQ BC EMPBSP?Q KMLMGLQ?RSP?B?Q C NMJG GLQ?RSP?B?Q BGKGLSG CQQC PGQAM -M CLR?LRM   BGD”AGJ
    QCN?P?P M CDCGRM BMQ ŠAGBMQ EP?VMQ Q?RSP?BMQ Z MQ OS?GQ QŽM CLAMLRP?BMQ L? A?PLC TCPKCJF? Z BM AMLQSKM B? A?PLC
    TCPKCJF??NCL?Q JKBGQQM ?JESLQCQRSBMQKMQRP?P?KAMPPCJ?ŽMNMQGRGT?CLRPCMAMLQSKMA?J™PGAMRMR?JC?JESLQRGNMQ
    BCA‹LACP$K?JESK?QNCQOSGQ?Q MAMLQSKMK?GMPBCA?JMPG?QRMR?GQDMG CKEP?LBCN?PRC BCAMPPCLRCB?GLECQRŽMK?GQ
    ?ACL​RS?B? BC ŠAGBMQ EP?VMQ Q?RSP?BMQ C A?PLC TCPKCJF?  RMPL?LBM BGD”AGJ ? BGQRGLŽM BC OS?GQ D?RMPCQ AMLRPG@SCK N?P? M
    ?SKCLRMBMPGQAMBCA‹LACP3MB?TG? ?GLECQRŽMBCEMPBSP?Q?RSP?B?RCKQGBM?QQMAG?B??MPGQAMK?GQCJCT?BMBCA‹LACPBC
    AMJM  K?K? C NP™QR?R? #C K?LCGP? AMLRPŠPG?  ? GLECQRŽM K?GQ ?JR? BC EMPBSP?Q KMLMGLQ?RSP?B?Q C NMJG GLQ?RSP?B?Q
    ECP?JKCLRCPCBSXMPGQAMBCQQCQRGNMQBCA‹LACP
    $KTGPRSBCBCQQ??QQMAG?ŽMB??JR?GLECQRŽMBCEMPBSP? CKN?P​RGASJ?PBCEMPBSP?Q?RSP?B? AMKM?SKCLRMBMPGQAMBC
    TŠPG?QBMCL​?Q ?%# PCAMKCLB?OSCQCH?JGKGR?BMMAMLQSKMB?QEMPBSP?QRMR?GQCB?QQ?RSP?B?Q QEMPBSP?QRMR?GQLŽM
    BCTCKCVACBCPENMPBG? MSB?QA?JMPG?QRMR?GQGLECPGB?QCLOS?LRM?EMPBSP?Q?RSP?B?LŽMBCTCSJRP?N?QQ?PE
    NMPBG? MSB?QA?JMPG?QRMR?GQAMLQSKGB?Q GLECQRŽMBCEMPBSP?NMBC CLRPCR?LRM QCPRŽM@?GV??NMLRMBCA?SQ?P
    AMLQC​OS‘LAG?Q ¤QGMJ™EGA?Q LCE?RGT?Q Q BGCR?Q AMK @?GV? GLECQRŽM BC EMPBSP? C ?OSCJ?Q OSC QS@QRGRSCK ?Q EMPBSP?Q
    Q?RSP?B?QNMPNMJG GLQ?RSP?B?QKMQRP?P?KOSCBGKGLSCKMQL”TCGQBCRCQRMQRCPML?BCPCNMSQMCK?+CK@PC QC
    BC OSC  ?QQGK AMKM M FMPKšLGM CQRCPMGBC  ? RCQRMQRCPML?  QGLRCRGX?B? ? N?PRGP BC SK NPCASPQMP JGN”BGAM . D?RM BC ?
    RCQRMQRCPML?QCPSKNMRCLRCCQRGKSJ?LRCB?Q”LRCQCBCNPMRC”​L?​KSQASJ?PDCXAMKOSC?JESLQCQNCAG?JGQR?QPCAMKCLB?QQCK
    OSC MQ ?RJCR?Q BC DMP? AMLQSKGQQCK L”TCGQ KMBCP?BMQ BC EMPBSP?   ?  B?Q A?JMPG?Q RMR?GQ  GLAJSGLBM ?JESK?Q
    EMPBSP?QQ?RSP?B?Q

    N&,'1*4$91f/(*$ (f/(*$
    .Qg394?C7B1H?Ct=571 Ct=571QŽMNMJG GLQ?RSP?BMQ BCLMKGL?BMQ?QQGKNMPAMLR?B?NMQGŽMB??JGE?ŽMBSNJ?
    CLRPC MQ ŠRMKMQ BC A?P@MLM BM A?P@MLM šKCE? %GESP?   -CLFSK BCQQCQ ŠAGBMQ EP?VMQ  NPMBSXGBM NCJM AMPNM
    FSK?LMC NMPGQQM NPCAGQ?KQCPAMLQSKGBMQNCJ?QDMLRCQ?JGKCLR?PCQPGA?QLCQQCQCJCKCLRMQAMKM™JCMQTCECR?GQNCV
    BC EGP?QQMJ  QMH?  C NCGVC CQNCAG?JKCLRC Q?JKŽM C RPSR?  . AMLQSKM BGCRRGAM BC šKCE?  C šKCE?  CQRŠ ?QQMAG?BM ?
    @CLCD”AGMQ N?P? ? Q?ž​BC  CK N?P​RGASJ?P BGKGLSGŽM BM PGQAM A?PBGMT?QASJ?P C BM PGQAM BC ?JESLQ RGNMQ BC A‹LACP 
    KCJFMP? B? Q?ž​BC A?PBGMT?QASJ?P MAMPPC AMK ? PCBSŽM B? NPCQQŽM ?PRCPG?J  BC AMŠ​ESJMQ Q?LES”​LCMQ C BMQ @?RGKCLRMQ
    A?PB”?​AMQGPPCESJ?PCQ QM@PCRSBML?QNCQQM?QOSC?NPCQCLR?KAMLBGCQNPCCVGQRCLRCQ   JKBGQQM MQŠAGBMQEP?VMQ
    šKCE?  KMQRP?P?K  NCJM KCLMQ  SK? DP?A? ?QQMAG?ŽM AMK ? BGKGLSGŽM BM PGQAM BC A‹LACP BC K?K? C BC AMJM
    $LRPCR?LRM  ?JESLQ CQNCAG?JGQR?Q AMLQGBCP?K K”LGK? C GLAMLAJSQGT? ? PCJ?ŽM CLRPC GLECQRŽM BGCRRGA? BC ŠAGBMQ šKCE? C
    PCBSŽMBMPGQAMBCBMCL​?A?PBGMT?QASJ?PCRGNMQCQNCA”¤AMQBCA‹LACP

    86DA0  %B o283>B 6A0G>B |<460  4 |<460 Br> 0BB8< 270<03>B 34E83> q ;>20;8H0sr> 30 0 ;860sr>
    3D?;0 4=CA4 >B 20A1>=>B => o283> 6A0G> ,M †=C>IM AL;RIM –G?A;  ? –G?A;  ;JL?M?HN;G ; ; FCA;‹ŠI >OJF;
    ?HNL? =;L<IHIM HI I ? HI I †NIGI >? =;L<IHI >I =;L<IHI –G?A;
     L?MJ?=NCP;G?HN?  , =;L<IHI –G?A; Œ I I
    =;L<IHI>I†=C>IAL;RIKO?=IG?‹;>;?RNL?GC>;>?G?NCF;>I†=C>IAL;RI

    ,(6$5'($.6$,0*(56^1'(*14'74$(&$2$&,'$'('((0'74$0&(
    NPGLAGN?JP?XŽMN?P??APCL?BCOSC?BGCR?PGA?CKJGN”BGMQ?DCR?BCK?LCGP?NMQGRGT?MBCQCKNCLFMBC,5+<9(5*,M
    CDCGRMBCNPCQCPT?ŽMBMEJGAME‘LGM NMQQG@GJGR?BMNCJ?BCNCLB‘LAG?K?GMPBMQJGN”BGMQL?NPMBSŽMBC 3/(QQMPCQSJR?CK
    PCR?PBMB?BCNJCŽMBCEJGAME‘LGMCKCJFMP?BMBCQCKNCLFMBC,5+<9(5*,
    /MPK  L? PC?JGB?BC  ?Q BGCR?Q PGA?Q CK EMPBSP? HŠ KMQRP?P?K CDCGRMQ NMQGRGTMQ C LCE?RGTMQ  @CK AMKM LCLFSK CDCGRM
    QM@PC?QKCBGB?QBMBCQCKNCLFMBC,5+<9(5*,  -MQCQRSBMQ?ASPRMNP?XM LMQOS?GQ?GLECQRŽMCJCT?B?BCJGN”BGMQ
    NCPQGQRCNMPKCLMQBCBG?Q N?PCACOSC?GLECQRŽMBCEMPBSP??AGK?BMLMPK?J0, ?BMAMLQSKMA?J™PGAMBGŠ​
    PGMRMR?J CVCPACSKGKN?ARMLCE?RGTMLŽM?NCL?QQM@PCMBCQCKNCLFMBC,5+<9(5*, AMKMR?K@KBMCVCPA”AGMBC?JR?
    GLRCLQGB?BC K?GQ OSC  BM AMLQSKM BC MVGE‘LGM KŠVGKM  $QQCQ CQRSBMQ PCTCJ?K BGKGLSGŽM B?Q KCBGB?Q BC
    BCQCKNCLFMOSCT?PG?KBC?CKAMKN?P?ŽMBGCR?PGA?CKA?P@MGBP?RM$QRSBMQBCBSP?ŽMK?GQJMLE? CK
    OSC?GLECQRŽMCJCT?B?BCJGN”BGMBSP?K?GQBCQCRCBG?Q KMQRP?P?KPCQSJR?BMQKGQRMQ,?GQCQNCAG¤A?KCLRC CLOS?LRMM
    BCQCKNCLFM BC ,5+<9(5*, KCJFMP? BSP?LRC M CVCPA”AGM BC GLRCLQGB?BC KMBCP?B? KCLMQ BC  BC 5. KŠV  M
    BCQCKNCLFM BSP?LRC M CVCPA”AGM BC ?JR? GLRCLQGB?BC K?GQ BC  B? 5. KŠV  ?NPCQCLR? PCBSCQ ?N™Q M AMLQSKM B?
    BGCR?PGA?CKJGN”BGMQ4K?CQRP?REG?BGCRRGA?QSECPGB?NMP?JESLQQCPG??BCGLECPGPSK?BGCR?AMK?JRMRCMPBCEMPBSP?
    ?LRCQ B? AMKNCRGŽM ? ¤K BC GLRCLQG¤A?P M KCR?@MJGQKM BC EMPBSP? C  BCNMGQ BGQQM  AMLQSKGP SK PCEGKC PGAM CK
    A?P@MGBP?RMQLMQBG?QGKCBG?R?KCLRC?LRCPGMPCQAMKNCRGŽMBC,5+<9(5*,.QM@HCRGTMQBCQQ?CQRP?REG?BGCRRGA?QŽM?ACL​
    RS?PMKCR?@MJGQKMBCEMPBSP?BSP?LRCMCVCPA”AGMC AMKGQQM NMSN?PMEJGAME‘LGM​KSQASJ?P@CKAMKMCJCT?PMAMLRCž​
    BMBCEJGAME‘LGM​KSQASJ?P2SNMQR?KCLRC CQQ?QBS?Q?B?NR?CQKCJFMP?KMBCQCKNCLFMBC,5+<9(5*, QCVNCPG‘LAG?Q
    PCTCJ?KOSCCQQCRGNMBCCQRP?REG?BGCRRGA?PCQSJR?CK?SKCLRMQGELG¤A?RGTMBMKCR?@MJGQKMBMJGN”BGMCKAMKN?P?ŽM
    AMK ? BGCR? PGA? CK A?P@MGBP?RMQ LMQ AGAJGQR?Q @CK RPCGL?BMQ BSP?LRC M CVCPA”AGM ?  BM AMLQSKM KŠVGKM BC
    MVGE‘LGM -M CLR?LRM  LCLFSK? BGDCPCL? QGELG¤A?RGT? CLRPC ?Q BGCR?Q DMG M@QCPT?B? LM BCQCKNCLFM B? NPMT? BC
    AMLRP?PPCJ™EGMQGKSJ?B? GLBGA?LBMOSC?CQRP?REG?LŽMRP?X@CLCD”AGMQN?P?MBCQCKNCLFM

    ! 

    :?86DEv@568@C5FC2D2EFC2526DEsC6=24:@?2524@>@2F>6?E@5@C:D4@565@6?​w242C5:@G2D4F=2C6564t?46C564@=@>2>26
    ACDE2E22@A2DD@BF62:?86DEv@>2:@C568@C5FC2D>@?@:?D2EFC252D6A@=::?D2EFC252DC65FJ6DD6DC:D4@D565@6?​w2
    %D s4:5@D 8C2I@D €>682  6 €>682 6DEv@ 2DD@4:25@D 2 36?67{4:@D A2C2 2 D2ƒ​56 4@>@ 5:>:?F:wv@ 5@ C:D4@ 42C5:@G2D4F=2C 6 56
    2=8F?D E:A@D 56 4t?46C ?EC6E2?E@ 6DD2 2DD@4:2wv@ A@56 D6C 7C242 @ BF6 ;FDE:L42 2 C62Z:
    g2wv@ 56 >2:D A6DBF:D2D 2?E6D BF6 D6
    4968F62F>24@?4=FDv@
    *6@C:42>6?E65:6E2D4@>2=E@E6@C568@C5FC256G6>>6=9@C2C@56D6>A6?9@56 &# 246?​EF2?5@@>6E23@=:D>@568@C5FC2
    6A@FA2?5@@8=:4@8y?:@​>FD4F=2C>3@C26DD26DEC2Ex8:25:6ExE:42:?E6?D:LBF6@>6E23@=:D>@=:A{5:4@A2C646BF6?v@>6=9@C2@
    56D6>A6?9@56 &# 

    #82A>=DCA84=C4B

    .Q K?APMLSRPGCLRCQ QŽM LCACQQŠPGMQ N?P? M AMPNM CK OS?LRGB?BCQ PCJ?RGT?KCLRC EP?LBCQ .Q =93B?>EDB95>D5C  ?M
    AMLRPŠPGM QŽMLCACQQŠPGMQ?MAMPNMCKNCOSCL?QOS?LRGB?BCQKGJGEP?K?QMSKGAPMEP?K?QNMPBG? 5GR?KGL?QCKGLCP?GQ
    QŽMAMLQGBCP?BMQKGAPMLSRPGCLRCQ/MPK MD?RMBCQCPCKCLAMLRP?BMQCKNCOSCL?QOS?LRGB?BCQLMAMPNMLŽMOSCPBGXCP
    OSCLŽMQCH?KGKNMPR?LRCQN?P??K?LSRCLŽMB?TGB? B?Q?ž​BCCBM@MKBCQCKNCLFMD”QGAM QNP™VGK?QQCCQ?@MPB?K
    MQKGAPMLSRPGCLRCQ?RPCJ?BMQAMKK?GQDPC​OS‘LAG??MBCQCKNCLFMD”QGAM

    -:E2>:?2D
    5GR?KGL?QQŽMQS@QR‹LAG?QMPE‹LGA?Q0, AMLR‘KA?P@MLM OSCD?AGJGR?K?QPC?CQCLXGKŠRGA?Q-ŽMQŽMGLBGQNCLQŠTCGQ
    N?P?A?SQ?P?PC?ŽM LCKQŽMBCQRPS”​B?QL?QPC?CQKCR?@™JGA?Q NMPKQŽMLCACQQŠPG?QN?P?KSGR?QPC?CQCLXGKŠRGA?Q
    OSCMAMPPCKCKQS?QBCTGB?QNPMNMPCQ$KTGPRSBCB?QS?DSLŽML?QPC?CQCLXGKŠRGA?QCQQCLAG?GQ ?QTGR?KGL?QQŽM
    PCDCPGB?QAMKMYAMD?RMPCQ^LCQQ?QPC?CQ QBC¤AG‘L^G?QTGR?K”LGA?Q ?QOS?GQNMBCKRCPAMLQCl S‘LAG?Q@?QR?LRCEP?TCQ
    ?RCQR?K QS? GKNMPR‹LAG? /MP CVCKNJM  ? D?JR? APšLGA? BC TGR?KGL? "  ? OS?J  LCACQQŠPG? N?P? ? GLRCEPGB?BC BMQ T?QMQ
    Q?LES”​LCMQ C N?P? M KCR?@MJGQKM ™QQCM  PCQSJR? CK CQAMP@SRM  ASHMQ QGLRMK?Q GLAJSCK Q?LEP?KCLRM B?Q ECLEGT?Q
    DP?EGJGB?BC BMQ A?NGJ?PCQ BC@?GVM B? NCJC  MA?QGML?LBM FCKMPP?EG?Q NMLRS?GQ Q”LRCQC GL?BCOS?B? BC AMJŠECLM  ECP?LBM
    K?GQ FCKMPP?EG? BCQLCPT?ŽM ​KSQASJ?P  GLAJSQGTC BM ​KžQASJM A?PB”?​AM NCPB? BMQ BCLRCQ C NCJC QCA?  BC AMJMP?ŽM
    ?K?PPMLX?B?CCQA?KMQ?.QQGLRMK?QBCCQAMP@SRMPCJ?AGML?BMQAMKMKCR?@MJGQKM™QQCMGLAJSCKMBCQCLTMJTGKCLRMBC
    MQRCM​NMPMQC  K?JDMPK?ŽM ™QQC? C DP?RSP?Q 3SBM GQQM NMBC NMRCLAG?JKCLRC MA?QGML?P ?LCKG? C GLDCACQ  C ?R KCQKM
    KMPRC Qž@GR? A?SQ?B? NCJ? DMPRC FCKMPP?EG? GLRCPL?  T?PGCB?BC C ? EP?TGB?BC BMQ QGLRMK?Q ?QQMAG?BMQ  BC¤AG‘L^G? BC
    TGR?KGL? " GLBGA?K OSC ? OS?LRGB?BC ?BCOS?B? BCQQC KGAPMLSRPGCLRC  GKNMPR?LRC N?P? KSGR?Q DSLCQ AMPNMP?GQ C
    CQQCLAG?JN?P??K?LSRCLŽMB?TGB?
    QQGKAMKMMQK?APMLSRPGCLRCQ ?JESK?QTGR?KGL?QR‘K1# .SRP?Q?NPCQCLR?K ( OSC?OS?LRGB?BCKBG?BCSK
    LSRPGCLRC AMLQSKGBM NMP GL​BG​T”​BSMQ Q?SBŠTCGQ  CQR?@CJCAGB? OS?LBM CVGQRCK CTGB‘LAG?Q GLQS¤AGCLRCQ N?P? BCRCPKGL?P ?
    1#  . <9=9D5 45 9>75CDj? =gH9=1 D?<5BgF5< +" R?K@K  BCRCPKGL?BM N?P? ?Q TGR?KGL?Q AMKM ? OS?LRGB?BC BC
    LSRPGCLRCOSCN?PCACQCESP?N?P??K?GMPG?BMQGL​BG​T”​BSMQQ?SBŠTCGQ GLECQRŽM?AGK?BM4+NMBCECP?PQGLRMK?QR™VGAMQ
    C ?SKCLRM BMQ PGQAMQ N?P? ? Q?ž​BC Q TGR?KGL?Q NMBCK QCP BGTGBGB?Q CK BMGQ EP?LBCQ QS@RGNMQ JGNMQQMJžTCGQ C
    FGBPMQQMJžTCGQ

    !,6$/,0$5.,21551.h8(,5(+,'41551.h8(,5
    Q F9D1=9>1C <9@?CC?<wF59C NMBCK QCP BGQQMJTGB?Q CK EMPBSP? Q TGR?KGL?Q  #  $ C * QŽM ?Q NPGLAGN?GQ TGR?KGL?Q
    JGNMQQMJžTCGQ/MPQCPCKQMJžTCGQCKEMPBSP? NMQQ”TCJ?PK?XCLŠ J?QCKEP?LBCQOS?LRGB?BCQL?EMPBSP?BMLMQQMAMPNM
    QBC¤AG‘L^G?QBCTGR?KGL?QJGNMQQMJžTCGQQŽMP?P?Q NMGQOS?LBM?GLECQRŽMBGCRRGA?BCSK?BCQQ?QTGR?KGL?QGL?BCOS?B?
    MAMPNMNMBCAMLR?PAMK?QNP™NPG?QPCQCPT?QNPCQCLRCQLMRCAGBM?BGNMQM$K@MP?GQQMQCH?SK?A?P?ARCP”QRGA?NMQGRGT?B?Q
    TGR?KGL?Q JGNMQQMJžTCGQ  ? NMQQG@GJGB?BC BC OS?LRGB?BCQ CVACQQGT?Q BCQQ?Q TGR?KGL?Q QCPCK ?PK?XCL?B?Q LM AMPNM
    BCQCLTMJTCLBMRMVGAGB?BC SK?BCQT?LR?ECK1CACLRCKCLRC MQ”LBGACQBCBC¤AG‘L^G?BCTGR?KGL?#APCQACP?KBCTGBM
    LSRPGŽMGL?BCOS?B?C?M?SKCLRMBMSQM?NPMNPG?BMBC@JMOSC?BMPCQQMJ?PCQMQOS?GQQŽMGKNMPR?LRCQN?P??NPCTCLŽM
    BCA‹LACPBCNCJC NMPK@JMOSCG?KMQCDCGRMQNMQGRGTMQBMQMJN?P??Q”LRCQCBCTGR?KGL?# MOSCCLD?RGX??GKNMPR‹LAG?
    B?BGCR?CBMQQSNJCKCLRMQN?P?RP?R?PCQQ?QBC¤AG‘L^G?QTGR?K”LGA?Q
    QF9D1=9>1C894B?CC?<wF59CNMBCKQCPBGQQMJTGB?QCKŠES?CCLEJM@?K?QTGR?KGL?Q!C"-G?AGL? ŠAGBMD™JGAM ŠAGBM
    N?LRMR‘LGAMC@GMRGL?QŽMAMLQGBCP?B?QTGR?KGL?Q!!M?N?PRCB?QTGR?KGL?Q!DSLAGML?LMKCR?@MJGQKMBCCLCPEG?/MP
    CVCKNJM ?LG?AGL?N?PRCB?LGAMRGL?KGB??BCLGL?BGLSAJCM​R”​BGM- # ?OS?J​?RS?L?RP?LQDCP‘LAG?BCCLCPEG?BMAGAJM
    BC *PC@Q N?P? ? A?BCG? RP?LQNMPR?BMP? BC CJRPMLQ TCP "?N”RSJM    TGR?KGL? "  LCACQQŠPG? N?P? K?LRCP M
    BCQCLTMJTGKCLRMLMPK?JBMMQQM B?A?PRGJ?ECKCBMRCAGBMAMLCARGTM#CTGBMQMJS@GJGB?BCCKŠES? MQCVACQQMQBCQQ?Q
    TGR?KGL?Q QŽM CVAPCR?BMQ L? SPGL?  M OSC RMPL? BGD”AGJ M BCQCLTMJTGKCLRM BC QGLRMK?Q BC RMVGAGB?BC /MP MSRPM J?BM  CK
    TGPRSBC B? @?GV? A?N?AGB?BC BC PCQCPT? B?Q TGR?KGL?Q FGBPMQQMJžTCGQ LM AMPNM  CJ?Q BCTCK QCP GLECPGB?Q PCESJ?PKCLRC
    3?@CJ??NPCQCLR??QDMLRCQBGCRRGA?QBCTGR?KGL?QFGBPMQQMJžTCGQCJGNMQQMJžTCGQ QS?QNPGLAGN?GQDSLCQCMQQGLRMK?Q
    MA?QGML?BMQNCJ?BC¤AG‘L ^G?CRMVGAGB?BC
    #CTGBM Q KSGR?Q DSLCQ ¤QGMJ™EGA?Q B?Q OS?GQ ?Q TGR?KGL?Q N?PRGAGN?K  DMG AMEGR?BM OSC KCE?BMQCQ BC ?JESK?Q
    TGR?KGL?Q KCJFMP?K M BCQCKNCLFM D”QGAM C ? Q?ž​BC  K?GMPG? B?Q CTGB‘LAG?Q  LM CLR?LRM  GLBGA? OSC ? QSNJCKCLR?ŽM
    TGR?K”LGA?LŽM@CLC¤AG??Q?ž_ CCMBCQCKNCLFMD”QGAM?LŽMQCPCKA?QMBCBC¤AG‘LAd?BCSK?TGR?KGL?CKN?PRdASJ?P
    APCBGR? QCOSCCQNCAG?JKCLRC?QTGR?KGL?Q$ "C!KCJFMP?KMBCQCKNCLFMD”QGAM-?QNP™VGK?QQCCQ QCPŠCV?KGL?BM
    MNMQQ”TCJN?NCJB?QTGR?KGL?QL?KCJFMPG?B?Q?ž​BCCBMBCQCKNCLFMD”QGAM

    !,6$/,0$
    #CTGBMDSLŽMGKSLMJ™EGA?C?LRGMVGB?LRCB?TGR?KGL?" ?NCQQM?AMKBC¤AG‘L^G?BCQQ?TGR?KGL?NMBCQMDPCPAMLQC*
    OS‘LAG?Q L? Q?ž​BC C LM BCQCKNCLFM D”QGAM JESLQ ?RJCR?Q BC ,5+<9(5*, OSC AMLQMKCK OS?LRGB?BCQ GL?BCOS?B?Q BC
    TGR?KGL? "  BC D?RM  BCKMLQRP?K ?SKCLRM BM PGQAM BC GLDCACQ LM RP?RM PCQNGP?R™PGM QSNCPGMP  QM@PCRSBM L?Q NPGKCGP?Q
    FMP?Q ?N™Q SK? QPGC BC ?RGTGB?BCQ BC ,5+<9(5*,  QSNJCKCLR?ŽM BGŠ​PG? AMK  ?  KE BC TGR?KGL? " NMBC QCP
    @CL¤A? L? PCBSŽM B?Q GLDCACQ BM RP?RM PCQNGP?R™PGM QSNCPGMP BCQQCQ ?RJCR?Q AMLRSBM  ?Q CTGB‘LAG?Q LŽM QŽM
    AMLAJSQGT?Q  
    . N?NCJ B? TGR?KGL? " L? NMQQ”TCJ KCJFMP? BM BCQCKNCLFM D”QGAM CQRŠ PCJ?AGML?BM AMK ? QS? DSLŽM ?LRGMVGB?LRC
    1?BGA?GQJGTPCQQŽMNPMBSXGBMQNCJMKCR?@MJGQKM+MEM MQCVCPA”AGMQ?ACL​RS?K?NPMBSŽMBCP?BGA?GQJGTPCQ ASHM?SKCLRM
    NMBC CQR?P PCJ?AGML?BM AMK ? D?BGE?  NMBCLBM ?R KCQKM AMLRPG@SGP N?P? ? JCQŽM ​KSQASJ?P GLBSXGB? NCJM CVCPA”AGM .
    CQRPCQQC MVGB?RGTM BCAMPPCLRC BMQ P?BGA?GQ JGTPCQ  AMK@?RGBM BC BS?Q K?LCGP?Q NPGLAGN?GQ NCJ? A?N?AGB?BC ?LRGMVGB?LRC
    CLB™ECL?CNCJMQ?LRGMVGB?LRCQCV™ECLMQLŽMCLXGKŠRGAMQ AMKM?TGR?KGL?"C$.RPCGL?KCLRMD”QGAMNMBC?ACL​RS?P?
    A?N?AGB?BC?LRGMVGB?LRCCLB™ECL?LMPK?J-MCLR?LRM ?GLECQRŽM?ESB?GKCBG?R?KCLRC?LRCQB?QPGCBCCVCPA”AGMQMS?
    GLECQRŽMAPšLGA?BGŠ​PG?BCTGR?KGL?"N?PCACLŽM?SKCLR?P?QA?N?AGB?BCQ?CP™@G?QC?L?CP™@G?QMSKCJFMP?PBCK?LCGP?
    AMLQGQRCLRCMBCQCKNCLFMBMCVCPA”AGM 
    QNPMNPGCB?BCQ?LRGMVGB?LRCQB?TGR?KGL?"PCBSXCK?BMP​KSQASJ?PBCGL”AGMR?PBGM#,(3 MS?BMP​KSQASJ?POSC
    QC?NPCQCLR?CKACPA?BCBMGQBG?Q?N™Q?QCQQŽMBCRPCGL?KCLRM2C?QSNJCKCLR?ŽMBGKGLSG?#,(3 N?P?GQQMNPCAGQM
    ?JR?Q BMQCQ  EãBG?Z  $LRPCR?LRM  CK BMQCQ RŽM CJCT?B?Q  CVGQRCK CTGB‘LAG?Q BC OSC ? QSNJCKCLR?ŽM NMBC R?K@K
    NPMKMTCP B?LM ACJSJ?P $K ECP?J  ? QSNJCKCLR?ŽM AMK TGR?KGL? " LŽM N?PCAC HSQRG¤A?B?  HŠ OSC ? BC¤AG‘LAd? BCQQC
    KGAPMLSRPGCLRC  SK? MAMPP‘LAG? GLDPCOSCLRC C M @?J?LM B? NCQOSGQ? KMQRP? OSC ? QSNJCKCLR?ŽM LŽM KCJFMP? M
    BCQCKNCLFM?CP™@GMC?L?CP™@GM NMBCLBM?RKCQKMMA?QGML?PB?LMACJSJ?P

    !,6$/,0$
    QQGKAMKM?TGR?KGL?" ?TGR?KGL?$SK?LRGMVGB?LRC JESK?QNCQOSGQ?QGLBGA?P?KOSCMRPCGL?KCLRMD”QGAMNMBC
    ?SKCLR?PMQCQRMOSCQBCTGR?KGL?$LM​KžQASJMCQOSCJRGAM NMPKGQQMAMLQRGRSGSK?AF?BMGLAMLQGQRCLRC#CKMBM
    QGKGJ?P ?MKCQKMRCKNMOSCNCQOSGQ?QR‘KKMQRP?BMOSC?QSNJCKCLR?ŽMBCTGR?KGL?$PCQSJR?CKBGKGLSGŽMBMB?LM
    LM​KžQASJMCL?KCK@P?L? NPCQSKGB?KCLRCCKBCAMPP‘LAG?B??ACL​RS?ŽMB?QA?N?AGB?BCQ?LRGMVGB?LRCQ CQQ?QPCBSCQ
    LŽM QŽM KMQRP?B?Q AMK AMLQGQR‘LAG? #? NCPQNCARGT? BM BCQCKNCLFM  M ?AF?BM K?GQ GKNMPR?LRC  OSC KCQKM OSC ?
    QSNJCKCLR?ŽMBCTGR?KGL?$AMLQGE? NMQQGTCJKCLRC BGKGLSGPMB?LM​KSQASJ?P CJ?LŽMKCJFMP?BCK?LCGP?AMLQGBCPŠTCJ
    MBCQCKNCLFM?CP™@GM ?L?CP™@GMCBCDMP?KŠVGK?  

    !,6$/,0$5
    Q TGR?KGL?Q ! R‘K DSLCQ CQQCLAG?GQ BC AMCLXGK?Q LM KCR?@MJGQKM C  NMP GQQM  NMBCK ?DCR?P M BCQCKNCLFM D”QGAM
    $K@MP??JESLQCQRSBMQRCLF?KPCTCJ?BMCDCGRMQQM@PCMKCR?@MJGQKM AMKMGLRCLQG¤A?ŽMBMKCR?@MJGQKMBMA?P@MGBP?RM
    CBGKGLSGŽMB?QAMLACLRP?CQQ?LES”​LC?QBCJ?AR?RMBSP?LRC??RGTGB?BC GQQMLŽMQCRP?BSXCKKCJFMP?BMBCQCKNCLFM
    D”QGAM QSNJCKCLR?ŽMBCTGR?KGL?Q!LŽMKCJFMP?MBCQCKNCLFM?CP™@GM ?L?CP™@GMCBCDMP?KŠVGK? 
    $K ECP?J  ? JGRCP?RSP? KMQRP? OSC  CK A?QM BC BC¤AG‘L^G?  ? QSNJCKCLR?ŽM TGR?K”LGA? NMBC ?HSB?P ? Q?ž_ C ECP?J C
    KCJFMP?PMBCQCKNCLFMD”QGAM-MCLR?LRM QCLŽMFŠBC¤AG‘L^G? CQQ?QSNJCKCLR?ŽM KCQKMCKKCE?BMQCQ?AGK?B?
    1# B? (MSBM4+ LŽMKCJFMP?MBCQCKNCLFMD”QGAM-?QNP™VGK?QQCCQ QCPŠCV?KGL?BMMNMRCLAG?JCDCGRMBMQ
    KGLCP?GQQM@PCMBCQCKNCLFMD”QGAM

    '-.18- )5@-95:-?>1?A9;012A:em1??5:@;9-?0-01G/5g:
    L 5-12;:@1?-8591:@->1?

    )8=C><0B34
    C>G8283034>D
    >=C4B &A8=28?08B )8=C><0B30 (>D 8=64BCr>028<0
    ,8C0<8=0 0;8<4=C0A4B 5D=s~4B 34J28u=O80 03D;C>?>A380 3>+"
    "9@?CC?<wF59C
    5GR?KGL? +?RGA”LGMQ D”E?BM 5GQŽMNPMKMTC "CESCGP?LMRSPL? 1#  1CBSŽMB?
    ACLMSP? MTM PCQGQR‘LAG? PCQQCA?KCLRMB? 'MKCLQmE BCLQGB?BC™QQC?
    TCECR?GQDMJFMQMQ GLDCAŽM A™PLC? K?LAF?Q KSJFCPCQmE ?LMPK?JGB?BCQ
    TCPBCQ @?ARCPG?L? ?AGLXCLR?B?QLMQ FCNŠRGA?QBCDCGRMQ
    APCQAGKCLRMBC MJFMQ ACESCGP?C ?ML?QAGKCLRM
    MQQMQ BCLRCQC AMKNPMKCRGKCLRM
    NCJC?LRGMVGB?LRC B?GKSLGB?BC
    5GR?KGL?# CVNMQGŽMJSX /PMKMTC? 1?OSGRGQKMCK (mE $JCT?ŽMBMAŠJAGM
    QMJ?PNPMKMTC ?@QMPŽMBC APG?L?Q Q?LES”​LCM
    QS?Q”LRCQC AŠJAGMCD™QDMPMC MQRCM​K?J?AG?CK A?JAG¤A?ŽMBC
    J?RGA”LGMQ ?KGLCP?JGX?ŽM ?BSJRMQ RCAGBMQKMJCQ
    DMPRG¤A?BMQ ™QQC? KGAŽMDPCOSCLRC
    ACPC?GQ
    DMPRG¤A?BMQ ECK?
    BMMTM NCGVCQ
    EMPBSPMQMQ
    5GR?KGL?$ 5CECR?GQDMJFMQMQ LRGMVGB?LRC 'CK™JGQCB?LM 1# KE %P?OSCX?​KSQASJ?P
    TCPBCQ ECPKCBC PCESJ?ŽMB?Q LCPTMQM D?BGE? LŠS​QC?Q
    RPGEM D”E?BM PC?CQBC ACD?JCG? GLG@GŽMBM
    ECK?BCMTM MVGB?ŽM KCR?@MJGQKMB?
    MJC?EGLMQ?Q ™JCMQ CQR?@GJGX?ŽMB?Q TGR?KGL?*
    NMJG GLQ?RSP?BMQ KCK@P?L?Q
    BCNJ?LR?Q ACJSJ?PCQ
    5GR?KGL?* 2”LRCQC 2”LRCQCBC 'CKMPP?EG?Q ( -CLFSKAMLFCAGBM
    @?ARCPG?L?LM NPMRC”​L?Q CK 'MKCLQmE
    RP?RMBGECQRGTM N?P​RGASJ?P KSJFCPCQmE
    TCECR?GQDMJFMQMQ NPMRC”​L?QB?
    TCPBCQ D”E?BM AM?​ESJ?ŽM
    JCGRC Q?LES”​LC??HSB?
    LMKCR?@MJGQKM
    ™QQCM
    94B?CC?<wF59C
    5GR?KGL?! &PŽMQGLRCEP?GQ "MCLXGK?Q 'GNCPRPM¤? 1# 'MKCLQ -CLFSKAMLFCAGBM
    3G?KGL? MSCLPGOSCAGBMQ SQ?B?QLM A?PB”?​A?  KEKSJFCPCQ
    DMPRG¤A?BMQCQCSQ KCR?@MJGQKM GLQS¤AG‘L^G?  KE
    NPMBSRMQA?PLC A?PB”?​A?DP?OSCX?
    QS”​L? AMLDSQŽM
    GPPGR?@GJGB?BC
    KCK™PG?PCACLRC
    PSGK PCBSŽMBC
    NCQM
    5GR?KGL?! +?RGA”LGMQ EPŽMQ "MCLXGK?Q 2CLQG@GJGB?BC 1# 'MKCLQ -CLFSKAMLFCAGBM
    1G@M¥?TGL? GLRCEP?GQMS SQ?B?QLM JSX FGNCPCKG?B?  KEKSJFCPCQ
    CLPGOSCAGBMQ KCR?@MJGQKM A™PLC? BMPBC  KE
    D”E?BM E?PE?LR?
    P?AF?BSP?QLMQ
    A?LRMQB?@MA?
    JCQCQBCNCJC
    -G?AGL? +CGRC MTMQ RMBMQ "MKNMLCLRCB?Q #MP?@BMKGL?J 1# 'MKCLQ ,GAŽMBMJMPMQ?
    MQ?JGKCLRMQOSC AMCLXGK?QSQ?B?Q TšKGRMQ BG?PPCG? KEKSJFCPCQ AMACGP?QCCPSNCQ
    AMLR‘K LMKCR?@MJGQKM BCNPCQQŽM D?BGE? KESLGB?BCQQŽM ASR‹​LC?QTGQŽM
    NPMRC”​L?QACPC?GQ LGAMRGL?KGB? NCPB?BC COSGT?JCLRCQ? RSPT? B?LM
    CNŽCQGLRCEP?GQ ?BCLGL? KCK™PG?J”LES? LG?AGL?KEBC FCNŠRGAM
    MSCLPGOSCAGBMQ BGLSAJCM​R”​BGM ?TCPKCJF?B? LG?AGL?MSKE AMKNPMKCRGKCLRM
    @PGJFMQ?C BCRPGNRMD?LM B?RMJCP‹LAG?
    GL¥?K?B? EJGAMQC
    5GR?KGL?! "?PLCQ NCGVCQ "MCLXGK?QBM #CPK?RGRC 1#  KE %?BGE?
    ?TCQ JCESKCQ KCR?@MJGQKMBMQ BCNPCQQŽM GPPGR?@GJGB?BC
    DPSR?QLŽM ?KGLMŠ​AGBMQC AMLDSQŽM ACD?JCG?Q B?LM
    A”RPGA?Q ACPC?GQ ŠAGBMQEP?VMQ AMLTSJQCQ LCPTMQM DP?OSCX?
    DMPRG¤A?BMQ QMH? ?SVGJG?L? ?LCKG? KSQASJ?P
    NPMBSŽMBC KGAPMA”RGA?
    FCKŠAG?Q
    pAGBMD™JGAMDMJ?RM "CPC?GQCEPŽMQ "MCLXGK?QB? LCKG? 1# mE ,?QA?P?KCLRMBMQ
    DMPRG¤A?BMQ Q”LRCQCBC#- K?APMA”RGA? QGLRMK?QBC
    JCESKCQ TCECR?GQ J”LES? BC¤AG‘L^G?BC
    DMJFMQMQTCPBCQ ?TCPKCJF?B?C TGR?KGL?!
    D”E?BM JGQ?D?BGE?
    ACD?JCG?
    GPPGR?@GJGB?BC
    5GR?KGL?! "?PLCQ NCGVCQ "MCLXGK?Q LCKG? NPCHS”​XM 1#  mE -CLFSKAMLFCAGBM
    ?TCQ OSCGHMQ SQ?B?QL?Q”LRCQC B?DSLŽMBMQ
    MTMQ JCGRC ACPC?GQ BCAJSJ?QLMT?QC LCPTMQNCPGDPGAMQ
    DMPRG¤A?BMQ DMPK?ŽMBC D?BGE?
    DMJ?RM
    K?LSRCLŽMB?Q
    AJSJ?QLCPTMQ?Q
    pAGBMN?LRMR‘LGAM 5”QACP?Q ?@?A?RC "MCLXGK?Q -ŠS​QC?Q A™JGA?Q (KE -CLFSKAMLFCAGBM
    EPŽMQGLRCEP?GQ SQ?B?QLM CQRMK?A?GQ
    AMESKCJMQ KCR?@MJGQKM TšKGRMQ D?BGE?
    GPPGR?@GJGB?BC
    GLQšLG? ?N?RG?
    FGNMEJGACKG?
    ?SKCLRMB?
    QCLQG@GJGB?BC
    GLQSJGL?
    !GMRGL? &PŽMQGLRCEP?GQ "MCLXGK?Q +CR?PEG? (mE -CLFSKAMLFCAGBM
    QMH? T”QACP?Q SQ?B?QLM ?JSAGL?CQ
    NCGVCQ KCR?@MJGQKMB? BCNPCQQŽM
    CLCPEG? N?PCQRCQG?LMQ
    KCR?@MJGQKMBMQ @P?MQCL?Q
    ?KGLMŠ​AGBMQ NCPL?Q CV?LRCK?Q
    Q”LRCQCBC ?TCPKCJF?BMQ?M
    EMPBSP? Q”LRCQC PCBMPBMQMJFMQ
    BCEJGAME‘LGM BML?PGXCB?@MA?
    5GR?KGL?"ŠAGBM %PSR?QA”RPGA?Q 2”LRCQCBC LCKG? 1# 'MKCLQ -ŠS​QC?Q BG?PPCG?
    ?QA™P@GAM TCECR?GQDMJFMQMQ AMJŠECLM KGAPMA”RGA? KEKSJFCPCQ A™JGA?Q?@BMKGL?GQ
    TCPBC CQASPMQ ?LRGMVGB?LRC QGLRMK?QBC KE GLQšLG? DME?AFMQ
    KMP?LEM RMK?RC KCR?@MJGQKMBMQ CQAMP@SRM CPSNCQASR‹​LC?Q
    @?R?R? K?KŽM ?KGLMŠ​AGBMQ FCKMPP?EG?Q AŠJASJMQPCL?GQ
    K?LE? ?SVGJG?L? NMLRS?GQ BMP
    ?@QMPŽMBCDCPPM ?P​RGASJ?P NCPB?
    DSLŽMGKSLC BMQBCLRCQ
    NPCHS”​XMB?DSLŽM
    GKSLC

    1# GLECQRŽMBGCRRGA?PCAMKCLB?B? ( GLECQRŽM?BCOS?B?4+ JGKGRCQSNCPGMPRMJCPŠTCJBCGLECQRŽM

    $:?6C2:D
    .Q KGLCP?GQ QŽM QS@QR‹LAG?Q GLMPE‹LGA?Q  M OSC OSCP BGXCP OSC LŽM AMLR‘K JGE?CQ CLRPC A?P@MLMQ MS JGE?CQ CLRPC
    A?P@MLM C FGBPME‘LGM .Q  KGLCP?GQ CLAMLRP?BMQ LM AMPNM AMLR?@GJGX?K ?NCL?Q  B? K?QQ? AMPNMP?J  NMPK CQRŽM
    CLTMJTGBMQ CK GLžKCP?Q PC?CQ OS”​KGA?Q C MSRP?Q DSLCQ AMPNMP?GQ 3?@CJ?   .Q KGLCP?GQ QŽM LCACQQŠPGMQ N?P?
    AMLRP?ŽM ​KSQASJ?P  RP?LQKGQQŽM LCPTMQ?  Q”LRCQC BC NPMRC”​L?  PCESJ?ŽM BMQ AMKN?PRGKCLRMQ J”OSGBMQ BM AMPNM
    KCR?@MJGQKM  DMPK?ŽM BC FMPKšLGMQ C KSGR?Q MSRP?Q DSLCQ AMPNMP?GQ $JCQ QŽM AJ?QQG¤A?BMQ AMKM K?APMKGLCP?GQ
    NPGLAGN?GQ  C KGAPMKGLCP?GQ .Q =13B?=9>5B19C CVGQRCK LM AMPNM CK OS?LRGB?BCQ BC ?NPMVGK?B?KCLRC  ?  E
    BCNCLBCLBMBMKGLCP?JCBMR?K?LFMBMAMPNM$JCQGLAJSCKD™QDMPM K?ELQGM CLVMDPC Q™BGM NMRŠQQGM AŠJAGMCAJMPM
    .Q =93B?=9>5B19C RP?MQ  QŽM CLAMLRP?BMQ LM AMPNM ?NCL?Q CK OS?LRGB?BCQ GLDCPGMPCQ ? NMSAMQ EP?K?Q C CLEJM@?K
    DCPPM ¥žMm GMBM XGLAM QCJ‘LGM AM@PC APMKM K?LE?L‘QCKMJG@B‘LGM
    QQGKAMKMAMK?QTGR?KGL?Q ?K?GMPG?B?QNCQOSGQ?QGLBGA?OSC?QSNJCKCLR?ŽMKGLCP?J?AGK?B?PCAMKCLB?B?LŽM
    CVCPACCDCGRMQQM@PCMBCQCKNCLFMD”QGAM   KCQKMQCLBMLCACQQŠPGMQN?P?KSGRMQNPMACQQMQ¤QGMJ™EGAMQ-MCLR?LRM
    ?QBC¤AG‘L^G?QNMBCKNPCHSBGA?P?Q?ž_ CAMKMSKRMBMCMBCQCKNCLFM?CP™@GM ?L?CP™@GMCBCDMP?KŠVGK?$K@MP?
    EP?LBC N?PRC BMQ ?RJCR?Q  BCTGBM  ?JR? GLECQRŽM CLCPERGA?  AMLQSK? OS?LRGB?BCQ QS¤AGCLRCQ BC KGLCP?GQ  ?JESLQ  ASHM
    CQNMPRCCLTMJTCA?RCEMPG?QBCNCQMC?QNCARMQCQRRGAMQOSCCLD?RGX?KMNCQMAMPNMP?JK”LGKMAMKMB?L?CEGLŠQRGA?
    NMBCK?NPCQCLR?PBC¤AG‘L ^G?BCKGLCP?J
    )Š CQR?KMQ D?KGJG?PGX?BMQ AMK M KMRGTM NCJM OS?J MQ KGLCP?GQ Q™BGM  AJMPM  NMRŠQQGM C K?ELQGM CQRŽM GLAJS”​BMQ L?Q
    @C@GB?Q CQNMPRGT?Q TCP Y$JCRP™JGRMQ L?Q @C@GB?Q CQNMPRGT?Q^  ?LRCPGMPKCLRC   DSLŽM BMQ KGLCP?GQ L? K?LSRCLŽM BM
    COSGJ”@PGMF”BPGAMCLRPCMQAMKN?PRGKCLRMQQCPŠBGQASRGB?LM"?N”RSJM-?QNP™VGK?QTŠPG?QQCCQ QCPŽMCV?KGL?B?Q?Q
    DSLCQBMKGAPMKGLCP?JDCPPMCBMK?APMKGLCP?JAŠJAGM

    '-.18-  5:1>-5?>1?A9;?012A:em1??5:@;9-?0-01G/5g:
    L 5-12;:@1?-8591:@->1?

    (>D
    
    >=C4B )8=C><0B30 03D;C> )8=C><0B34C>G8283034
    #8=4A0; 0;8<4=C0A4B D=s~4B?A8=28?08B 34J28u=O80 ?>A380 >D8=64BCr>028<03>+"
    #13B?=9>5B19C
    "ŠJAGM #CPGT?BMQBM ,GLCP?JGX?ŽMBMQMQQMQC .QRCMNMPMQCLMQ ( 1GQAMBCAŠJASJMQPCL?GQ
    JCGRC RMDS BCLRCQAMLRP?ŽM​KSQASJ?P ?BSJRMQAPCQAGKCLRM KE BGQDSLŽMPCL?J BG¤ASJB?BCQ
    NCGVCQ RP?LQKGQQŽMBMGKNSJQM ?LMPK?JBMQMQQMQ BC?@QMPŽMBCMSRPMQ
    NCOSCLMQ LCPTMQMAM?​ESJ?ŽM CKAPG?L?Q KGLCP?GQ
    AMKCQNGLF? Q?LES”​LC?
    JCESKCQ
    %™QDMPM "?PLCQ ,GLCP?JGX?ŽMBCMQQMQC #MP™QQC?DP?OSCX? 1#  "?JAG¤A?ŽMBCRCAGBMLŽM
    NCGVCQ ?TCQ BCLRCQGKNMPR?LRC”M​LBM KSQASJ?P KE CQOSCJRGAMAŠJASJMQPCL?GQ
    JCGRC ¥SGBMGLRP?ACJSJ?P NPM@JCK?QPCL?GQ
    COSGJ”@PGM?AGBM@ŠQGAM
    DMQDMJGN”BGMQL?QKCK@P?L?Q
    ACJSJ?PCQN?PRCBMQ
    AMKNMLCLRCQKCR?@™JGAMQ
    ,?ELQGM .JC?EGLMQ?Q ,GLCP?JGX?ŽM™QQC? %P?OSCX?​KSQASJ?P 1#  #CDMLRCQLŽM?JGKCLR?PCQ
    EPŽMQ K?LSRCLŽMB?BCLRGŽM AMLDSQŽMNPCHS”​XM 'MKCLQ BG?PPCG? BCQGBP?R?ŽM
    GLRCEP?GQ AMLRP?ŽM​KSQASJ?P B?DSLŽMA?PB”?​A? KE
    JCESKCQ RP?LQKGQQŽMBMGKNSJQM KSJFCPCQ
    DPSRMQBM LCPTMQM DSLŽMGKSLC KE
    K?P TCECR?GQ ?BCOS?B?
    TCPBC
    CQASPMQ
    $LVMDPC "?PLCQ (LRCEP?LRCBMQ?KGLMŠ​AGBMQ -CLFSKAMLFCAGBM -CLFSK RMVGAGB?BCMAMPPC?NCL?Q
    NCGVCQ ?TCQ OSCAMLR‘KCLVMDPCB? QC?KGLMŠ​AGBMQAMLRCLBM
    JCGRC NPMRC”​L? AMKNMLCLRCB? CLVMDPCDMPCKAMLQSKGBMQ
    MJC?EGLMQ?QC GLQSJGL? N?PRCBC?JESK?Q CKCVACQQMLMQ?LGK?GQ
    MTMQ TGR?KGL?Q!@GMRGL? NPCHSBGA?MAPCQAGKCLRM
    RG?KGL? LMPK?J
    2™BGM 2?JBCKCQ? /PGLAGN?J”M​LBMJ”OSGBM "ŽG@P?Q​KSQASJ?​PCQ ( $BCK? FGNCPRCLQŽM
    KMJFM:/6@6 CVRP?ACJSJ?P K?LSRCLŽM PCBSŽMBM?NCRGRC KE
    ?JGKCLRMQ BMQAMKN?PRGKCLRMQ ?N?RG?KCLR?J
    NPMACQQ?BMQ F”BPGAMQ RP?LQKGQQŽMBC
    GKNSJQMLCPTMQM
    /MRŠQQGM "?PLCQ JCGRC /PGLAGN?J”M​LBMJ”OSGBM %P?OSCX?​KSQASJ?P ( %P?OSCX?​KSQASJ?P TšKGRMQ
    DPSR?Q GLRP?ACJSJ?PK?LSRCLŽM N?P?JGQG? AMLDSQŽM KE DPC​OS‘LAG?A?PB”?​A?@?GV?
    TCECR?GQ BMQAMKN?PRGKCLRMQ ?N?PCLRCL?GLQS¤AG‘L^G?
    JCESKCQ F”BPGAMQRP?LQKGQQŽMBC PCL?J
    EPŽMQ GKNSJQMLCPTMQMAMLRP?ŽM
    KSQASJ?P
    "JMPM 2?JBCKCQ? (KNMPR?LRC”M​LBMJ”OSGBM BSJRMQQM@ ( 5šKGRMQ JGE?BM
    KMJFM:/6@6 CVRP?ACJSJ?P K?LSRCLŽM AMLBGCQLMPK?GQ KE FGNCPRCLQŽM?PRCPG?JCK
    ?JGKCLRMQ BMQAMKN?PRGKCLRMQ LCLFSKAMLTSJQCQ GL​BG​T”​BSMQQSQACR”TCGQ
    NPMACQQ?BMQ F”BPGAMQ GLRCEP?LRCBMŠAGBM CKAPG?L?Q OS?LBMAMK@GL?BMAMK
    AJMP”BPGAMBMCQRšK?EM Q™BGM
    #9>5B19CDB1k?
    %CPPM "?PLC "MKNMLCLRCB? LCKG?@?GV? 1# /PM@JCK?QE?QRPGLRCQRGL?GQ
    TCPKCJF? FCKMEJM@GL?CKGMEJM@GL? AMLACLRP?ŽM 'MKCLQ L?QAPG?L?QOSCAMLQMKCK
    NCGVCQ ?TCQ ?SVGJG?L?DSLŽMGKSLC Q?LES”​LC?BCDCPPM KE QSNJCKCLRMQBCDCPPM ?
    APSQRŠACMQ T?JMPCQ@?GVMQBC KSJFCPCQ QM@PCA?PE?BCPCQSJR?CK
    DPSR?QQCA?Q FCKMEJM@GL? KE LŠS​QC?Q TšKGRMQ BG?PPCG?
    JCESKCQ AMKNPMKCRGKCLRM ? R?OSGA?PBG? RMLRSP?Q
    MTMQ B?DSLŽMGKSLC ?LMQ  AFMOSCCAMLDSQŽM
    KE
    ?LMQ
    (MBM 2?JGMB?BM "MKNMLCLRCBMQ &J‹LBSJ?RGPCMGBC 1#  !™AGMEJ‹LBSJ?RGPCMGBC
    DPSRMQBM FMPKšLGMQB?RGPCMGBCOSC FGNM?RGT? @™AGM? mE FGNM?RGT?
    K?P NŽM PCESJ?KMAPCQAGKCLRM M BC¤AG‘L^G?L?
    J?RGA”LGMQ BCQCLTMJTGKCLRMC?R?V? EP?TGBCXA?SQ?
    KCR?@™JGA? BC¤AG‘L^G?KCLR?JC
    D”QGA?LMDCRM
    %JžM​P pES? -CACQQŠPGMN?P??DMPK?ŽM SKCLRMBMPGQAMBC ( /GLR?QCBCQAMJMP?ŽMBMQ
    ¥SMP?B? BMQMQQMQCBMQBCLRCQRMPL? AŠPGCQBCLRŠPG?Q 'MKCLQ BCLRCQ
    N?QR?BC MQBCLRCQPCQGQRCLRCQAŠPGC  KE
    BCLRC DPSRMQ KSJFCPCQ
    BMK?P  KE
    9GLAM "?PLC "MKNMLCLRCBCKSGR?Q RP?QMBM 1#  #C¤AG‘L^G?BCDCPPMCAM@PC
    TCPKCJF? CLXGK?QCLTMJTGBMLM#- APCQAGKCLRMCBM 'MKCLQ AMKNPMKCRGKCLRMB?
    APSQRŠACMQ CL?QNPMRC”​L?QPC?CQ BCQCLTMJTGKCLRM KE GKSLGB?BC'#+@?GVM
    EPŽMQ GKSLCQQCLQ?ŽMBM QCVS?J KSJFCPCQ
    GLRCEP?GQ N?J?B?PAGA?RPGX?ŽMBC AMKNPMKCRGKCLRM KE
    DCPGB?QPCNPMBSŽM B?DSLŽMGKSLC
    BCQCLTMJTGKCLRMLMPK?JBM OSCB?BCA?@CJM BM
    DCRM ?NCRGRCCBMN?J?B?P
    2CJ‘LGM %PSRMQBM SVGJG?LMQGQRCK? /PCBGQNC¤@PMQC 1#  0SC@P?COSCB?BCA?@CJMC
    K?P A?PLCQ ?LRGMVGB?LRCLCACQQŠPGM BMRCAGBMA?PB”?​AM mE SLF?QD?BGE? GPPGR?@GJGB?BC
    EPŽMQ N?P??PCESJ?ŽMBM BMP​KSQASJ?P BGQRžP@GMQBMQGQRCK?
    GLRCEP?GQ FMPKšLGMB?RGPCMGBC DP?OSCX?​KSQASJ?P LCPTMQM
    TCECR?GQ
    "M@PC %PSRMQBM -CACQQŠPGMN?P??@QMPŽMC LCKG?AMLR?ECK 1#  #GQRžP@GMQBMQGQRCK?
    K?P SQMBMDCPPMCDMPK?ŽMBC BCJCSA™AGRMQ@?GV? mE LCPTMQMB?LMFCNŠRGAM
    MJC?EGLMQ?Q FCKMEJM@GL?AMKNMLCLRC ?LMPK?JGB?BCQ
    EPŽMQ BCCLXGK?Q ™QQC?Q
    GLRCEP?GQ
    JCESKCQ
    ,?LE?L‘Q .JC?EGLMQ?Q "MD?RMPBCTŠPG?QCLXGK?Q 1?PMCKFSK?LMQ ( #GQRžP@GMQBMQGQRCK?
    EPŽMQ GLAJSQGTCCLXGK?QBM 'MKCLQ LCPTMQM
    GLRCEP?GQ KCR?@MJGQKMBMA?P@MGBP?RM  KE
    AFŠQ TCECR?GQ KSJFCPCQ
    DMJFMQMQ  KE
    ,MJG@B‘LGM +CESKCQ "MD?RMPBC?JESK?QCLXGK?Q -CLFSKAMLFCAGBM 1#  -CLFSKAMLFCAGBM
    ACPC?GQ mE
    T”QACP?Q

    1# GLECQRŽMBGCRRGA?PCAMKCLB?B? ( GLECQRŽM?BCOS?B?4+ JGKGRCBCGLECQRŽMKŠVGK?RMJCPŠTCJ

    (441
    . DCPPM  SK AMKNMLCLRC BC KSGR?Q CLXGK?Q C NPMRC”​L?Q LM AMPNM FSK?LM -M CLR?LRM  ?Q ?RGTGB?BCQ BM DCPPM LM
    RP?LQNMPRC BC MVGE‘LGM C LM KCR?@MJGQKM QŽM NPMT?TCJKCLRC QS?Q DSLCQ ¤QGMJ™EGA?Q K?GQ PCAMLFCAGB?Q . DCPPM  SK
    GLRCEP?LRCBMQAGRMAPMKMQ MQOS?GQQŽMN?PRCB?A?BCG?RP?LQNMPR?BMP?BCCJRPMLQTCP"?N”RSJM SKQGQRCK?CLXGKŠRGAM
    GKNMPR?LRC BM KCR?@MJGQKM ?CP™@GM v R?K@K SK AMKNMLCLRC B?Q KMJASJ?Q BC KGMEJM@GL? C FCKMEJM@GL? OSC
    RP?LQNMPR?MVGE‘LGMLMQ?LESCCL?Q¤@P?Qh SQASJ?mCQ PCQNCARGT?KCLRC!M?N?PRCBMDCPPMBMAMPNM CQRŠAMLRGB?L?
    FCKMEJM@GL? C L? KGMEJM@GL? C M PCQR?LRC CQRŠ ?PK?XCL?BM LM D”E?BM  LM @?M C L? KCBSJ? ™QQC? L? DMPK? BC
    FCKMQQGBCPGL? C DCPPGRGL? $QQCQ CQRMOSCQ BC DCPPM QŽM SQ?BMQ L? K?LSRCLŽM BMQ L”TCGQ LMPK?GQ BC FCKMEJM@GL? C
    KGMEJM@GL?BSP?LRCMQNCP”M​BMQBCGLECQRŽMGL?BCOS?B?BCDCPPM QFCKŠAG?Q?NPCQCLR?KTGB?KBG?BCACPA?BCBG?Q
    NMGQLŽMR‘KLžAJCM MQOS?GQDMP?KPCKMTGBMQL?QžJRGK?QCR?N?QBCQS?NPMBSŽML?KCBSJ?™QQC?/MPR?LRM ?QFCKŠAG?Q
    LŽMQŽMA?N?XCQBCPCN?P?PMB?LMQMDPGBMAMLDMPKCTŽMNCPAMPPCLBMMQGQRCK?​T?QASJ?P.DCPPMB?QFCKŠAG?QOSCAFCE?K
    ?M¤L?JB?TGB?C?OSCJCNPMTCLGCLRCBM?JGKCLRMGLECPGBMQŽMRP?LQNMPR?BMQNCJ?EJGAMNPMRC”i ?NJ?QKŠRGA?BCJGE?ŽMBC
    DCPPM Z DB1>C65BB9>1 Z N?P? MQ RCAGBMQ OSC NPCAGQ?K BC DCPPM  CK N?P​RGASJ?P M D”E?BM  M @?M C ? KCBSJ? ™QQC? $QQ?
    PCAGAJ?ECKBCDCPPMB?QFCKŠAG?QOSC?RGLECKM¤L?JB?TGB?KGLGKGX??PCBSŽMBCDCPPM
    %CPPMFCKC MS?OSCJCCLAMLRP?BML?FCKMEJM@GL?CKGMEJM@GL?B?A?PLC ?DMPK?K?GQC¤AGCLRCKCLRC?@QMPTGB?BC
    DCPPM+CESKCQ ACPC?GQCNŽCQCLPGOSCAGBMQAMKDCPPMQŽMDMLRCQ@M?QBCDCPPMLŽMFCKC @?GV??@QMPŽMBCDCPPMB?Q
    DMLRCQLŽMFCKCAMJMA?MQGL​BG​T”​BSMQCKPGQAMBCBC¤AG‘L^G?BCDCPPM AMKMMQTCECR?PG?LMQOSCKGLGKGX?K?GLECQRŽMBC
    NPMBSRMQ?LGK?GQ BC¤AG‘L ^G?BCDCPPMNPMT?TCJKCLRC?BC¤AG‘LAd?KGLCP?JK?GQAMKSK CPCQSJR?CKBGKGLSGŽMBM
    RP?LQNMPRCBCMVGE‘LGM B?QA?N?AGB?BCQBCRP?LQNMPRCBCCJRPMLQ B?Q”LRCQCBCNPMRC”​L?CBCLCSPMRP?LQKGQQMPCQ RJCR?Q
    CKN?P​RGASJ?PBMQCVMDCKGLGLM  NMBCKQCPK?GQQSQACR”TCGQBC¤AG‘L ^G?BCDCPPMBMOSCMQGL _ G
    q”_ SMQQCBCLRŠPGMQ
    #CTGBM Q DSLCQ BM DCPPM LM KCR?@MJGQKM ?CP™@GM C MSRP?Q DSLCQ AMPNMP?GQ CQQCLAG?GQ  ? BC¤AG‘L ^G? BC DCPPM NMBC
    PCBSXGPMBCQCKNCLFMD”QGAM
    1# BCDCPPMN?P?SK?BSJRMBMQCVMK?QASJG​LMBCKEãBG?ZCBMQCVMDCKGLGLMBSP?LRCMQ?LMQDPRCGQBC
    KEãBG?Z.T?JMPK?GQCJCT?BMN?P??QKSJFCPCQDSLB?KCLR?JN?P?PCNMP?QNCPB?QOSCMAMPPCKBSP?LRC?KCLQRPS?ŽM
    LMPK?J -? TCPB?BC  R?LRM ?LRCQ OS?LRM BCNMGQ BMQ ?LMQ DPRCGQ  ?Q LCACQQGB?BCQ DCKGLGL?Q BC GLECQRŽM BC DCPPM LŽM
    BGDCPCKB?OSCJ?QBMFMKCKBCKCQK?GB?BC$KKBG? MFMKCK?BSJRMGLECPC?NPMVGK?B?KCLRCKEãBG?ZBCDCPPM
    MOSCCQRŠ?AGK?B?1# CLOS?LRM?QKSJFCPCQ?BSJR?QGLECPCKKEãBG?Z MOSCCQRŠ?@?GVMB?1# $KEP?LBC
    N?PRC GQQMBCAMPPCLRCB?GLECQRŽMA?J™PGA?K?GQCJCT?B?BMQFMKCLQCKAMKN?P?ŽMAMK?QKSJFCPCQ4K?TCXOSC?
    BGCR??KCPGA?L?KBG?AMLRKACPA?BCKEBCDCPPMN?P?A?B?IA?J OS?LRMK?GQ?JR??GLECQRŽMBCA?JMPG?Q K?GMP?
    BCDCPPM
    1>5=91SK?AMLBGŽMKBGA?L?OS?J?AMLACLRP?ŽMBCFCKMEJM@GL?KCLMPOSC?LMPK?JKCLMQBCEãBlZC
     EãBlZ CK KSJFCPCQ C FMKCLQ  PCQNCARGT?KCLRC  ?LCKG? NMBC QCP A?SQ?B? NMP SK? EP?LBC NCPB? BC Q?LESC
    AMLQCOSCLRC  FCKMPP?EG? -M CLR?LRM  ? GLECQRŽM GLQS¤AGCLRC BC DCPPM AMLQRGRSG ? A?SQ? K?GQ DPCOSCLRC BC ?LCKG? CK
    APG?L?Q ?BMJCQACLRCQCKSJFCPCQCKGB?BCDPRGJ  EP?TGBCXNMBCMA?QGML?PBC¤AG‘L ^G?BCDCPPMKMBCP?B? PCQSJR?LBM
    CK?LCKG?BCTGBMQBCK?LB?QK?GQ?JR?QBCDCPPMR?LRMB?KŽCOS?LRMBMDCRMCKBCQCLTMJTGKCLRM-MGL​BG​T”​BSMAMK
    BC¤AG‘L^G? BC DCPPM ?L‘KGAM  ? OSCB? L?Q PCQCPT?Q BC DCPPM  GLBGA?B? NCJ? PCBSŽM BC DCPPM JGE?BM  RP?LQDCPPGL? LM
    Q?LESCCNCJMQ@?GVMQL”TCGQBCDCPPGRGL?LMD”E?BM LM@?MCL?KCBSJ?™QQC?
    -?K?GMPG?BMQCQRSBMQ K?QLŽMCKRMBMQ ?QSNJCKCLR?ŽMBCDCPPMLMQGL​BG​T”​BSMQ?L‘KGAMQMSAMKBC¤AG‘L^G?BC
    DCPPMGKNJGAMS?SKCLRMB?QA?N?AGB?BCQ?CP™@G?Q @CKAMKMB?FCKMEJM@GL?CDCPPGRGL?QPGA?  QSNJCKCLR?ŽMBC
    DCPPMR?K@KNMBC@CLC¤AG?P?DMP? AMLDMPKCGLBGA?BMNCJ?QCTGB‘LAG?QBCOSCKSJFCPCQHMTCLQLŽM?L‘KGA?Q K?QAMK
    BC¤AG‘L^G?BCDCPPM OSCPCAC@CP?KQSNJCKCLR?ŽMBCDCPPMNMPQCK?L?Q BCKMLQRP?P?KR?V?KCLMPBCD?BGE?BSP?LRC?Q
    AMLRP?CQ GQMKRPGA?Q TMJSLRŠPG?Q KŠVGK?Q BMQ CVRCLQMPCQ BM HMCJFM CK AMKN?P?ŽM AMK ?OSCJ?Q OSC PCAC@CP?K
    NJ?AC@M  QSNJCKCLR?ŽM BC DCPPM RCK QGBM PCAMKCLB?B? N?P? ?RJCR?Q AMK BC¤AG‘L^G? BC DCPPM  QM@PCRSBM OS?LBM FŠ
    ?LCKG?  C N?P? KSJFCPCQ LŽM ?L‘KGA?Q AMK @?GV?Q PCQCPT?Q BC DCPPM QPGAM  BCLSLAG?B?Q NCJMQ @?GVMQ L”TCGQ QPGAMQ BC
    DCPPGRGL?   QSNJCKCLR?ŽM BC DCPPM LMQ GL​BG​T”​BSMQ LŽM ?L‘KGAMQ NMBC CJCT?P MQ CQRMOSCQ BC DCPPM  QCK ? KCJFMP?
    AMLAMKGR?LRCBMBCQCKNCLFM?CP™@GM QSNJCKCLR?ŽM OS?LBMPC?​JG​X?B? LŽMBCTCQCPDCGR??AGK?BM4+BCDCPPM
    KEãBZ  ?@QMPŽMBCDCPPMGLRCLQG¤A?B?NCJ?NPCQCL?BCTGR?KGL?"2CLBM?QQGK N?P?K?VGKGX?P??@QMPŽMBCDCPPM
    LŽMFCKC BCTC QCAMLQSKGP R?K@K A?PLC DPSR?QCTCECR?GQPGAMQCKTGR?KGL?"
     ?LCKG? BCAMPPCLRC B? BC¤AG‘L ^G? BC DCPPM LŽM BCTC QCP AMLDSLBGB? AMK ? ?LCKG? BM CQNMPRC TCP Y5MJSKC
    NJ?QKŠRGAM^  LM "?N”RSJM  C !MVC  Y"?SQ?Q BC ?LCKG?^   ?LCKG? BM CQNMPRC  A?P?ARCPGX?B? NCJ? AMLACLRP?ŽM
    RCKNMP?PG?KCLRC@?GV?BCFCKMEJM@GL?CKTGPRSBCBM?SKCLRMBMTMJSKCNJ?QKŠRGAMGLBSXGBMNCJMRPCGL?KCLRMBSP?LRC
    MQCQRŠEGMQGLGAG?GQBMNPMEP?K?BCRPCGL?KCLRM?CP™@GM A?N?AGB?BCRMR?JBCRP?LQNMPR?PMVGE‘LGMBM?RJCR?AMK?LCKG?
    BMCQNMPRCLŽMKCLMP NMGQLŽMFŠ?JRCP?ŽML?AMLR?ECKRMR?JBCFCKŠAG?Q AMLACLRP?ŽMBCFCKMEJM@GL?LMQ?LESC
    KCLMPNMPOSCMTMJSKCNJ?QKŠRGAMAPCQACQCK?JRCP?ŽMB?OS?LRGB?BCRMR?JBCFCKŠAG?Q$KCQKMOSC??LCKG?BM
    CQNMPRCCQRCH?NPCQCLRC MAMPPCK?B?NR?CQOSCNCPKGRCK?KCJFMP?B?QA?N?AGB?BCQ?CP™@G?QCMPCRMPLM?MLMPK?JB?
    AMLACLRP?ŽM BC FCKMEJM@GL? CK ?JESK?Q QCK?L?Q $LOS?LRM ? ?LCKG? AMK BC¤AG‘L^G? BC DCPPM QC @CLC¤AG? B?
    QSNJCKCLR?ŽMBCDCPPM ?QSNJCKCLR?ŽMBCDCPPMBCSK?RJCR?AMK?LCKG?BMCQNMPRCLŽMLCACQQŠPG?

    \.&,1
    .K?APMKGLCP?JAŠJAGMMKGLCP?JK?GQ?@SLB?LRCLMAMPNMFSK?LMvLCACQQŠPGMN?P??AMLRP?ŽM​KSQASJ?PCA?PB”?​A?C
    N?P?MBCQCLTMJTGKCLRMLMPK?JBMQBCLRCQ4K?TCXOSCBMAŠJAGMBMAMPNMCQRŠLMQMQQMQ CJCQ​?RS?KAMKMPCQCPT?
    CTŽMACBCLBMN?PRCBMAŠJAGMBC?AMPBMAMK?QLCACQQGB?BCQBMMPE?LGQKM/MPCVCKNJM OS?LBMML”TCJBCAŠJAGMQ?LES”​
    LCM A?G  ?Q AJSJ?Q ​™QQC?Q MQRCM​AJ?QRMQ  BCEP?B?K MQQM  JG@CP?LBM AŠJAGM LM Q?LESC CQRGKSJ?BM NCJM N?P?RMPKšLGM
    QCAPCR?BM B? EJ‹LBSJ? N?P?RGPCMGBC TCP "?N”RSJM   $LOS?LRM GQQM  ? PC?@QMPŽM PC?​JG​X?B? NCJMQ PGLQ C ? ?@QMPŽM NCJM
    GLRCQRGLM QC ?ACL​RS?K  PCQSJR?LBM  R?K@K  CK CJCT?ŽM BMQ L”TCGQ BC AŠJAGM Q?LES”​LCM 0S?LBM MQ L”TCGQ BC AŠJAGM LM
    Q?LESCCQRŽM?JRMQ MMNMQRMMAMPPCCQRGKSJ?BMNCJ?A?JAGRMLGL?QCAPCR?B?NCJ?EJ‹LBSJ?RGPCMGBC 
     BCLQGB?BC ™QQC? BGKGLS”​B? ? NMLRM BC ?SKCLR?P M PGQAM BC DP?RSP?Q  AF?K?B? BC ?CD5?​@?B?C5 RJCR?Q ?@?GVM BM
    NCQM CKCQNCAG?JKSJFCPCQ KSGR?QTCXCQPCTCJ?KGLECQRŽMBCAŠJAGMKCLMPOSC?PCAMKCLB?B? GLB?OSCGQQMNMQQ?QCP
    SK D?RMP ?QQMAG?BM  @?GV? BCLQGB?BC KGLCP?J ™QQC? CK ?RJCR?Q  MS YMQRCM​NMPMQC ?RJRGA?^  LŽM FŠ CQRSBMQ NPMQNCARGTMQ ?
    PCQNCGRM BM CDCGRM B? QSNJCKCLR?ŽM BC AŠJAGM C B? NPCTCLŽM B? @?GV? BCLQGB?BC KGLCP?J ™QQC? CK ?RJCR?Q v K?GQ
    NPMTŠTCJ OSC ? MQRCM​NMPMQC ?RJRGA? CQRCH? K?GQ PCJ?AGML?B? AMK ?Q ?JRCP?CQ LMQ FMPKšLGMQ NJ?QKŠRGAMQ OSC ?DCR?K M
    KCR?@MJGQKM™QQCMBMOSC@?GV?GLECQRŽMBCAŠJAGM
    $KECP?J MNGAMB?K?QQ?CQOSCJRGA?MAMPPCNMPTMJR?BMQ?LMQBCGB?BC N™QMQ?LMQ ?K?QQ?™QQC?AMKC??
    A?GP ACPA? BC  ?M ?LM $K RMPLM BMQ  ?LMQ  ? K?QQ? ™QQC? CQRŠ KCLMP ? NMLRM BC ?SKCLR?P M PGQAM BC DP?RSP?Q Q
    KSJFCPCQ Z QM@PCRSBM ?Q K?GQ TCJF?Q Z LMPK?JKCLRC CQRŽM QM@ PGQAM K?GQ ?JRM BC MQRCM​NMPMQC  C ACPA? BC  B?Q
    KSJFCPCQGBMQ?QQMDPCKBCQQCNPM@JCK?-MCLR?LRM ?A?B?FMKCLQ?N™QMQ?LMQBCGB?BCR?K@KCQRŠQM@PGQAMBC
    DP?RSP?QMQRCM​NMP™RGA?Q PCBSŽMBCK?QQ?™QQC? PCQSJR?LBMCKMQRCM​NMPMQC BCAMPPCLRCBCTŠPGMQD?RMPCQ GLAJSQGTCBC
    GLECQRŽMGL?BCOS?B?BCAŠJAGM @?GVMQL”TCGQBCCQRPME‘LGML?QKSJFCPCQCKD?QCN™Q KCLMN?SQ?CD?JR?BC?RGTGB?BCD”QGA?
    . AŠJAGM  K?GQ ?@SLB?LRCKCLRC CLAMLRP?BM LM JCGRC C LMQ J?RGA”LGMQ .Q GL​BG​T”​BSMQ OSC MNR?K NMP LŽM GLECPGP CQQCQ
    ?JGKCLRMQ  MS OSC QŽM GLRMJCP?LRCQ  J?ARMQC  NMBCK ?NPCQCLR?P BC¤AG‘L^G? BC AŠJAGM 2C GQQM MAMPPCP OS?LBM M QGQRCK?
    CQOSCJRGAM CQRŠ CK APCQAGKCLRM  MQ MQQMQ LŽM ?RGLECK ? K?QQ? LCK ? BCLQGB?BC KŠVGK?  ?SKCLR?LBM ? NMQQG@GJGB?BC
    CVNPCQQ?P@?GV?K?QQ?CBCLQGB?BC™QQC?CKSKKMKCLRMNMQRCPGMPB?TGB?2C?GLECQRŽMBCAŠJAGMDMP@?GV?LMQMSRPMQ
    NCP”M​BMQ B? TGB?  ? K?QQ? ™QQC? R?K@K BGKGLSG AMLDMPKC M AŠJAGM T?G QCLBM KM@GJGX?BM BM QGQRCK? CQOSCJRGAM N?P?
    K?LRCPMQL”TCGQQ?LES”​LCMQBCAŠJAGM

    ! 

    DG:E2>:?2D=:A@DD@=ƒG6:DN6!NA@56>D6C2C>2J6?252D?@E64:5@25:A@D@6=:36C252D52DC6D6CG2DBF2?5@25:6E27@C
    56L4:6?E6E@C?2?5@5:7{4:=@56D6?G@=G:>6?E@5@DD:?E@>2D5256L4:y?4W 2
    DG:E2>:?2D9:5C@DD@=ƒG6:D2AC6D6?E2>5:G6CD2D7F?w‚6D?@DAC@46DD@D>6E23=:4@D6Dv@6=:>:?252D5@4@CA@?2FC:?2BF2?5@
    ?v@Dv@?646DDsC:2DE@C?2?5@5:7{4:=@56D6?G@=G:>6?E@56E@I:4:5256
    G:E2>:?2xF>2?E:@I:52?E6?EC6E2?E@2DFA=6>6?E2wv@?v@A2C646E6C;FDE:L42E:G2;sBF6256L4:y?4W 256G:E2>:?2?v@x
    F>2@4@CCy?4:27C6BF6?E6>2:@C:252D6G:5y?4:2D:?5:42BF62DFA=6>6?E2wv@?v@>6=9@C2@56D6>A6?9@26C3:@62?26C3:@6
    BF62DFA=6>6?E2wv@6>5@D6D6=6G252DA@56?2G6C5256@42D:@?2C52?@46=F=2C
    G:E2>:?2x2?E:@I:52?E662DFA=6>6?E2wv@A@DD:G6=>6?E65:>:?F:@52?@​>FD4F=2C$@6?E2?E@2DFA=6>6?E2wv@?v@>6=9@C2
    56>2?6:C24@?D:56CsG6=@56D6>A6?9@26C3:@2?26C3:@6567@Cw2>sI:>2
    DG:E2>:?2D7F?4:@?2>4@>@4@6?J:>2D?@>6E23@=:D>@A@Cx>2DFA=6>6?E2wv@?v@276E2@56D6>A6?9@26C3:@2?26C3:@6
    567@Cw2>sI:>2
    %D >24C@>:?6C2:D 6I:DE6> ?@ 4@CA@ 6> BF2?E:5256D 6?EC6  6 
    
     8 6?BF2?E@ @D >:4C@>:?6C2:D Dv@ 6?4@?EC25@D 2A6?2D 6>
    BF2?E:5256D:?76C:@C6D2A@F4@D8C2>2D
    @2A2CE65@76CC@5@4@CA@x6?4@?EC252?2D>@=x4F=2D5696>@8=@3:?26>:@8=@3:?22DBF2:DEC2?DA@CE2>@I:8y?:@?@D2?8F66
    ?2DL3C2D[ FD4F=2`6DC6DA64E:G2>6?E6
    ?5:G{5F@D 4@> 2?6>:2 A@C 56L4:y?Q:2 56 76CC@ D6 36?6L4:2> 52 DFA=6>6?E2wv@ 4@?EF5@ 2 DFA=6>6?E2wv@ ?@D :?5W Gô5c@D ?v@
    2?y>:4@D?v@>6=9@C2@56D6>A6?9@7{D:4@
     56L4:y?Q:2 56 4s=4:@ A@56 4@?EC:3F:C A2C2 2 @DE6@^@C@D6 6DD6 >@5@ 2D C64@>6?52w‚6D A2C2 4@>32Ey=2 :?4=F6> :?86DEv@
    DFL4:6?E6 56 4s=4:@ 36> 4@>@ 2 ACsE:42 56 6I6C4{4:@ 2@ =@?8@ 52 G:52 A2C2 >:?:>:J2C 2 C65Fwv@ 56 >2DD2 6DBF6=xE:42 4@> @
    6?G6=964:>6?E@

    PCBSŽMBMQL”TCGQBCCQRPME‘LGMAMKMCLTCJFCAGKCLRMB?KSJFCPCQRŠ?QQMAG?B??M?SKCLRMBMPGQAMBCMQRCM​NMPMQC
    QSNJCKCLR?ŽMBCAŠJAGMAMKMSQCKRCP?NG?BCCQRPME‘LGMKMQRPMSOSCPCR?PB??PCBSŽMBCK?QQ?KGLCP?J™QQC?L?Q
    KSJFCPCQCKD?QCN™Q KCLMN?SQ? .QCVCPA”AGMQBCQSQRCLR?ŽMBCNCQMBSP?LRCMAPCQAGKCLRMNMBCKGLAPCKCLR?P?
    BCLQGB?BC KGLCP?J ™QQC? C MQ CVCPA”AGMQ AMK NCQM LMQ GL​BG​T”​BSMQ HMTCLQ  BC KCG? GB?BC C GBMQMQ NMBCK ?SKCLR?P ?
    BCLQGB?BC KGLCP?J ™QQC? C KGLGKGX?P ? PCBSŽM AMK M CLTCJFCAGKCLRM     $LRPCR?LRM  DMG BCKMLQRP?BM OSC MQ
    CVCPA”AGMQBCQSQRCLR?ŽMBCNCQMLŽM?DCR?K?BCLQGB?BCKGLCP?J™QQC?BCK?LCGP?SLGDMPKCCKRMB?Q?QN?PRCQBMAMPNM
    MOSCNMBCCQR?PPCJ?AGML?BMAMK?DSLŽMBMQMQQMQMQMQQMQOSCQSNMPR?KK?GQCQRPCQQCCRCLQŽMBSP?LRC??RGTGB?BC
    BCKMLQRP?K?SKCLRMK?GQ?ACL​RS?BMB?BCLQGB?BCKGLCP?J™QQC? @CKAMKMQBGDCPCL?QBCTMJSKCCGLRCLQGB?BCB?Q
    ?RGTGB?BCQLCACQQŠPG?QN?P?NPMKMTCP?Q?JRCP?CQL?BCLQGB?BCKGLCP?J™QQC?LMQJMA?GQBGQRGLRMQBMQGQRCK?CQOSCJRGAM
    /MPCVCKNJM MRPCGL?KCLRMPCQGQRGBML?QKSJFCPCQCKD?QCNP KCLMN?SQ??SKCLR??BCLQGB?BCKGLCP?J™QQC?L?AMJSL?
    JMK@?P K?QLŽMLMAMJMBMD‘KSP KCQKMOSCCQQ?Q​ŠPC?QQCH?KCVNMQR?Q?CQRPCQQCCRCLQŽMBSP?LRCMQCVCPA”AGMQBC
    NCQM QPCAMKCLB?CQN?P?CTGR?P?MQRCM​NMPMQCGLAJSCK?GLECQRŽMQS¤AGCLRCBCAŠJAGMC?NPŠRGA?BCCVCPA”AGMOS?LBM
    HMTCKAMKM@HCRGTMBCK?VGKGX?P?K?QQ?CQOSCJRGA? @CKAMKM?NPŠRGA?BCCVCPA”AGM?MJMLEMB?TGB?N?P?KGLGKGX?P?
    PCBSŽMBCK?QQ?CQOSCJRGA?.​GBC?JOSCMAŠJAGMQCH?GLECPGBMAMKMN?PRCB?BGCR?LMPK?J NMPK?QSNJCKCLR?ŽM
    R?K@KNMBCQCPSQ?B?

    (4548s~4B42><?4C8sr>

    .M@HCRGTMB?PCDCGŽM?LRCQB?AMKNCRGŽMKCJFMP?PMBCQCKNCLFM?PCDCGŽM?N™Q?AMKNCRGŽMTGQ??HSB?PL?PCASNC​
    P?ŽMBCKMBMOSCMBCQCKNCLFMLMRPCGL?KCLRMMSL?AMKNCRGŽMQSACQQGT?AMKMCKRMPLCGMQ CKOSC?AMKNCRGŽM
    MAMPPC CK BG?Q QSACQQGTMQ  NMQQ? QCP K?VGKGX?BM $K ECP?J  ?Q PCDCGCQ ?LRCQ B?Q AMKNCRGCQ ?HSB?K ? K?VGKGX?P ?
    BGQNMLG@GJGB?BC BC A?P@MGBP?RM N?P? SQM BSP?LRC M KCR?@MJGQKM L? AMKNCRGŽM OSC CQRŠ NMP TGP Q PCDCGCQ ?N™Q ?
    AMKNCRGŽMECP?JKCLRCM@HCRGT?KPCNMPMQCQRMOSCQBCEJGAME‘LGM​KSQASJ?PCFCNŠRGAMBCKMBMOSC¤OSCKBGQNML”TCGQ
    N?P?MKCR?@MJGQKML?QPGCBCRP?@?JFM?QCESGP/MPR?LRM ?QPCDCGCQ?LRCQCBCNMGQB?AMKNCRGŽMQŽMAMKNMQR?QNMP
    A?P@MGBP?RMQBCDŠAGJBGECQRŽM

    )676:w‚6D2?E6D524@>A6E:wv@
    $VGQRCKCTGB‘LAG?QAMLTGLACLRCQBCOSC?AMKNMQGŽMCMKMKCLRMMNMPRSLMB?QPCDCGCQ?LRCQB?AMKNCRGŽMNMBCK
    GL¥SCLAG?P M BCQCKNCLFM BC ,5+<9(5*,  /MP CVCKNJM  AGAJGQR?Q BC ,5+<9(5*, OSC QC ?JGKCLR?P?K AMK  E BC
    A?P@MGBP?RMQF?LRCQBCNP?RGA?PMCVCPA”AGM?R?CV?SQRŽM?BMNGAMBCAMLQSKMBCMVGE‘LGMNCB?J?P?KNMP
    KGLCKAMKN?P?ŽMAMKKGLB?OSCJCQOSCLŽMQC?JGKCLR?P?K?LRCQB?AMKNCRGŽM"MLRSBM OS?LBMPCDCGCQ
    PGA?QCKA?P@MGBP?RMQDMP?KAMLQSKGB?Q?NCL?Q?KGL?LRCQBMCVCPA”AGM??BM5.KŠV MBCQCKNCLFMA?GS
    ?R   $QQC BCQCKNCLFM PCBSXGBM NMBC QCP K?GQ @CK CVNJGA?BM NCJ?Q NCQOSGQ?Q OSC PCTCJ?P?K OSC ? GLECQRŽM BC
    A?P@MGBP?RMQNMSAM?LRCQBMGL”AGMBMCVCPA”AGMNMBC BCD?RM BGKGLSGP?EJGAMQCNJ?QKŠRGA?BSP?LRCMQNPGKCGPMQ?
    KGLBCCVCPA”AGM$QQCQ@?GVMQL”TCGQBCEJGAMQCQ?LES”​LC?JMEMLMGL”AGMBCSKCTCLRMNPMJMLE?BMNMBCKQCP?RPG@S”​BMQ
    CJCT?ŽMB?GLQSJGL?QPGA?CKPCQNMQR?PCDCGŽMPGA?CKA?P@MGBP?RMAMLQSKGB?NMSAM?LRCQBMCVCPA”AGM.@QCPT? QC
    R?K@KBGKGLSGŽMBMKCR?@MJGQKMBMŠAGBMEP?VMJGTPCLMQKGLSRMQGLGAG?GQB?NPŠRGA?BMCVCPA”AGM K@MQMQD?RMPCQ
    ?SKCLR?K M EJGAME‘LGM ​KSQASJ?P C M KCR?@MJGQKM BC A?P@MGBP?RM RMR?J BSP?LRC MQ NPGKCGPMQ  ?  KGL BM CVCPA”AGM
    $QQC RGNM BC PCQNMQR?  PCDCGŽM ?LRCQ BM CVCPA”AGM LŽM  ? PCQNMQR? KCR?@™JGA? BCQCH?B?  NMGQ PCBSX M RCKNM RMR?J N?P?
    CV?SQRŽM #CTC QC M@QCPT?P  CLRPCR?LRM  OSC LCK RMBMQ MQ GL​BG​T”​BSMQ ?NPCQCLR?K OSCB? B? EJGAMQC Q?LES”​LC? BSP?LRC MQ
    NPGKCGPMQKGLSRMQBMCVCPA”AGMOS?LBMSK?PCDCGŽMPGA?CKA?P@MGBP?RMAMLQSKGB?NCPRMBMAMKCMBMCVCPA”AGM
    T?PG?@GJGB?BCB?PCQNMQR?B?EJGAMQCQ?LES”​LC?LMGL”AGMBMCVCPA”AGMGLBGA?OSCMQGL​BG​T”​BSMQBCTCKRCQR?PRMBMQMQNJ?LMQ
    BC PCDCGCQ ?LRCQ B?Q AMKNCRGCQ GKNMPR?LRCQ ? ¤K BC QC ACPRG¤A?P OSC M KMKCLRM BM AMLQSKM B? PCDCGŽM ?LRCQ B?
    AMKNCRGŽM?NPMNPG?BMN?P?CJCQ GL​BG​TG​BS?JKCLRC
    JESLQB?BMQQSECPCKOSC?GLECQRŽMBCA?P@MGBP?RMQBC@?GVM”LBGACEJGA‘KGAM?LRCQBMCVCPA”AGMNPMKMTC?JG@CP?ŽM
    JCLR? BC EJGAMQC N?P? M KCR?@MJGQKM  K?LRCLBM NMP K?GQ RCKNM MQ L”TCGQ B? EJGAMQC Q?LES”​LC? $K@MP? CQQ? PCQNMQR?
    N?PC?@CL¤A?N?P?MBCQCKNCLFMBC,5+<9(5*, ?QNCQOSGQ?QLŽMKMQRP?P?KOSCCQQ?QPCDCGCQBC@?GVM”LBGACEJGA‘KGAM
    ?LRCQB?AMKNCRGŽMPCQSJRCKCKKCJFMP?BMBCQCKNCLFMBC,5+<9(5*, 
    QPCDCGCQ?BCOS?B?Q?LRCQB?QAMKNCRGCQ OS?LBM?AMKN?LF?B?QNCJ?GLECQRŽMBCLSRPGCLRCQBSP?LRCMCVCPA”AGMBC
    JMLE?BSP?ŽMCLSRPGŽM?BCOS?B?BSP?LRCMRPCGL?KCLRM MDCPCACK?QKCJFMPCQAF?LACQBCKCJFMP?PMBCQCKNCLFMCK
    OS?JOSCPRGNMBCCTCLRM?RJRGAM QCESGP ?QBGPCRPGXCQN?P??QPCDCGCQ?LRCQB?QAMKNCRGCQ

     PCDCGŽM LŽM BCTC BCGV?P M ?RJCR? AMK DMKC LCK BCGV?P ?JGKCLRM LŽM BGECPGBM LM CQRšK?EM LM GL”AGM B?
    AMKNCRGŽM
    PCDCGŽMBCTCRCPNMSA?EMPBSP?CNMSA?Q¤@P?QN?P??SKCLR?PMCQT?XG?KCLRMEŠQRPGAMCKGLGKGX?PMQBGQRžP@GMQ
    E?QRPGLRCQRGL?GQ
    PCDCGŽMBCTCAMLRCPACPA?BC?EBCA?P@MGBP?RMQ
    PCDCGŽMAMLQSKGB??F?LRCQBMCVCPA”AGMBCTCQCPSKQSNJCKCLRMMSSK?JGKCLRMQ™JGBMBCDŠAGJBGECQRŽM
    2C?PCDCGŽMDMPAMLQSKGB?F?LRCQBMCVCPA”AGM CJ?BCTCQCPJ”OSGB? ?¤KBCK?VGKGX?PMCQT?XG?KCLRMEŠQRPGAM
    3MBM NJ?LM BC PCDCGŽM N?P? QCP AMLQSKGB? ?LRCQ B? AMKNCRGŽM BCTC QCP RCQR?BM ?LRCQ BC QCP SQ?BM CK SK?
    AMKNCRGŽMGKNMPR?LRC

    $QQ?QBGPCRPGXCQECP?GQNPCAGQ?KQCPASQRMKGX?B?QN?P?Q?RGQD?XCP?QLCACQQGB?BCQGL​BG​TG​BS?GQBM?RJCR?MSBMCQNMPRC Q
    PCDCGCQ ?LRCPGMPCQ Q AMKNCRGCQ NMBCK ?HSB?P M BCQCKNCLFM  CLOS?LRM ?Q AMLQSKGB?Q BCNMGQ  ?QQSLRM B? NP™VGK?
    QCŽM NMBCKQCPžRCGQLM?SV”JGMPCASNC​P?ŽMBCKMBMOSCMBCQCKNCLFML?NP™VGK?QPGCBCCVCPA”AGMBMRPCGL?KCLRM
    MSB?AMKNCRGŽMQCH?K?VGKGX?BM

    012%,%&$"0,

    6<
    .NPCN?P?BMPD”QGAMBCSK?SLGTCPQGB?BCCQRŠBCQ?NMLR?BMAMK?D?JR?BCAPCQAGKCLRM​KSQASJ?PCE?LFMBCDMP?BM
    ?RJCR?BC?PPCKCQQMBCNCQMBMM?LMB?COSGNCBC?RJCRGQKM.QMSRPMQ?RJCR?QBCDMP?B?COSGNCBCKMLQRP?KE?LFMQ
    KSGRM K?GQ GKNPCQQGML?LRCQ BM OSC CQQC HMTCK ?RJCR?  ?NCQ?P BM D?RM BC OSC RMBMQ MQ ?RJCR?Q BC DMP? B? COSGNC
    ?PPCKCQQMBCK?PRCJM J?L?KCLRMBCB?PBM ?PPCKCQQMBCNCQM PCAC@CKMKCQKMNPMEP?K?BCRPCGL?KCLRMPCQGQRGBM
    CQŽMASGB?BMQ?KCLRCQSNCPTGQGML?BMQNCJMNPCN?P?BMPBSP?LRC?QQCQQCQBC​KSQASJ?ŽM.NPCN?P?BMPNCPAC@CAMK
    D?AGJGB?BCOSCM?RJCR?BC?PPCKCQQMBCNCQMBCKMLQRP? NCJMKCLMQ ?KCQK?BCBGA?ŽMCMKCQKMCQDMPML?Q?J?BC​
    KSQASJ?ŽMCKPCJ?ŽM?MQAMKN?LFCGPMQBCCOSGNC.NPCN?P?BMPAMLTCPQ?AMKMHMTCKL?RCLR?RGT?BCCLAMLRP?PM
    NPM@JCK? . ?RJCR? PCJ?R? OSC BMPKC @CK  LMGRC  OSC LŽM CQRŠ QM@ CQRPCQQC C LCK ?NPCQCLR? JCQCQ OSC NMBCPG?K
    ?RP?N?JF?P QCSQ CQDMPMQ L? Q?J? BC ​KSQASJ?ŽM GLB? NCPNJCVM OS?LRM  A?SQ? B? D?JR? BC NPMEPCQQM BM ?RJCR?  M
    RPCGL?BMP NCBC ? CJC OSC D?? SK PCEGQRPM BC RSBM ?OSGJM OSC AMKC N?P? JCT?P L? QCK?L? QCESGLRC 0S?LBM M ?RJCR?
    TMJR? AMK M PCEGQRPM ?JGKCLR?P  M RPCGL?BMP NCPAC@C OSC QS? BGCR?  KSGRM N?PCAGB? AMK ? TCECR?PG?L?  AMK @?GV?Q
    OS?LRGB?BCQBCNPMRC”​L? QM@PCRSBM?QAMKNJCR?Q CLAMLRP?B?QL?QA?PLCQ.OSCMNPCN?P?BMPD”QGAMBCTCD?XCP

    9A
    "GJLCG?CLIFOA;L
    IJL?J;L;>ILJL?=CM;CHMNLOCLI;NF?N;>?KO?ŒPCN;FI=IHMOGI>;MKO;HNC>;>?M;>?KO;>;M>?
    JLIN?​H;M;VG>?KO?IM d šM=OFIMJIMM;GL?MJIH>?L>?G;H?CL;;JLIJLC;>;;IJLIAL;G;>?NL?CH;G?HNI>?
    @IL‹;  , JL?J;L;>IL @MC=I J?LAOHN; ;I ;NF?N; M? ?F? @?T ; IJ‹ŠI =IHM=C?HN? >? M?L P?A?N;LC;HI IO M?
    MCGJF?MG?HN?P?G@;T?H>I?M=IFB;M>?<;CR;JLIN?​H;>?G;H?CL;HŠICHN?H=CIH;FH;>C?N; ,;NF?N;L?MJIH>?
    KO? >?=C>CO M? NILH;L P?A?N;LC;HI
     G;M KO?
     ;I G?MGI N?GJI KO? ?PCN; =IG?L =;LH?
     =IHMIG? IPIM ?
    F;NC=HCIM
    =IGIKO?CDIM ,JL?J;L;>IL>CTKO??MM;M@IHN?MMŠILC=;MH;MJLIN?​H;M=IGJF?N;M;MKO;CMI=ILJI
    ONCFCT;J;L;=IHMNLOCLN?=C>I​GOM=OF;L
    ?KO?>?P?GCHN?AL;LOG;JIL‹ŠIG;CIL>;CHA?MNŠI>C?NŒNC=; "F??RJFC=;
    KO?;MJLIN?​H;MN;G<ŒGJI>?GM?L?H=IHNL;>;M?GJLI>ONIM>?ILCA?GHŠI;HCG;F
    JILŒG?MM;MJLIN?​H;M
    MŠI=IHMC>?L;>;MCH=IGJF?N;M
    OG;P?TKO?HŠI=IHNGI=IGJF?G?HNININ;F>IM;GCHI†​=C>IM?MM?H=C;CMKO?
    JL?=CM;G M?L I<NC>IM >;M @IHN?M >C?NŒNC=;M
     JICM I =ILJI HŠI Œ =;J;T >? JLI>OTC FIM  -IL CMMI
     ΠCGJILN;HN?
    CHA?LCL@IHN?M=IGJF?G?HN;L?M>?JLIN?​H;MP?A?N;CM>C@?L?HN?MF?AOG?M
    JLI>ONIM>?MID;
    ;MKO;CM
    KO;H>I
    =IG<CH;>;M
     @ILH?=?G ;I =ILJI NI>IM IM ;GCHI†​=C>IM ?MM?H=C;CM  !?JICM >CMMI
     I JL?J;L;>IL G;L=; OG;
    =IHMOFN;=IGI?MJ?=C;FCMN;?GHONLC‹ŠI>;OHCP?LMC>;>?J;L;KO?I;NF?N;JIMM;;JL?H>?LKO?NCJIM>?P?A?N;CM

    @LON;MIF?;ACHIM;M?IONLIM;FCG?HNIM>?ILCA?GHŠI;HCG;F>?P?GM?LCHA?LC>IMDOHNIM?GOG;šHC=;L?@?C‹ŠI
    J;L; MOJLCL I =ILJI >I ;NF?N; =IG NI>IM IM ;GCHI†​=C>IM ?MM?H=C;CM  , JL?J;L;>IL ?MN† =IHV;HN? >? KO? =IG
    ?MM?M ;DOMN?M H; >C?N;
     I DIP?G ;NF?N; >? ;LL?G?MMI >? J?MI =IHM?AOCL† MOJLCL I =ILJI HŠI ;J?H;M =IG ;
    KO;HNC>;>?=ILL?N;=IGIN;G<ŒG=IGIMNCJIM=?LNIM>?JLIN?​H;MKO?J?LGCN?GKO?IM​GšM=OFIML?MJIH>;G
    ;I NL?CH;G?HNI L?MCMNC>I =IG IM G?MGIM CH=L?G?HNIM ?G G;MM; ? @IL‹; GIMNL;>IM J?FIM IONLIM ;NF?N;M >;
    ?KOCJ?

    6<
    LMT?RPCGL?BMP?BC*96::*6<5;9@B?CQAMJ?JMA?JNCPAC@C ?N?PRGPBCQCSQRPCGL?KCLRMQN?P?K?P?RML?Q ?GKNMPR‹LAG?
    B?LSRPGŽM?BCOS?B?N?P?MBCQCKNCLFMBSP?LRCMQCTCLRMQBC,5+<9(5*,$KN?P​RGASJ?P CJ?AFCEMS?QCLRGPMGKN?ARM
    OSC?QM@PCA?PE?BCA?P@MGBP?RMRCTCQM@PCMQCSBCQCKNCLFML?QK?P?RML?QPCACLRCQ$KQCSNPMACBGKCLRM CJ?SLC
    PCBSŽM EP?B?RGT? B?Q BGQR‹LAG?Q BC RPCGL?KCLRM  BGCR? AMKNMQR? NMP  ?  B? GLECQRŽM A?J™PGA? RMR?J BC
    A?P@MGBP?RMQ$J?AMLQR?RMSOSCRCPSRGJGX?BMCQQ?CQRP?REG?BSP?LRC?JESLQBG?Q?LRCQB?K?P?RML?KCJFMPMSMKMBM
    AMKMQCQCLRGSBSP?LRC?AMPPGB? @CKAMKMMQCSBCQCKNCLFM-?RCLR?RGT?BCMDCPCACP?QCSQAMPPCBMPCQBC*96::
    *6<5;9@ RMBMQ MQ @CLCD”AGMQ BSP?LRC MQ A?KNCML?RMQ CQR?BS?GQ OSC CQR?T?K NMP TGP  CJ? DCX AMK OSC MQ ?RJCR?Q QC
    QS@KCRCQQCK ? CQQ? CQRP?REG? BC QM@PCA?PE? BC EJGAME‘LGM ?JESLQ BG?Q ?LRCQ BM CTCLRM -M BG? BM A?KNCML?RM
    CLRPCR?LRM ?RPCGL?BMP?CMQ?RJCR?Q¤A?P?KBCQ?NMLR?BMQOS?LBMMQRCKNMQLŽMKMQRP?P?KKCJFMP?CK?JESLQA?QMQ
    NGMP?P?KCKPCJ?ŽM?MQRCKNMQB?RCKNMP?B?BCAMKNCRGŽMPCESJ?P

    9A
    NL?CH;>IL;?H=IHNL;;?RJFC=;‹ŠIJ;L;I<;CRI>?M?GJ?HBI>;?KOCJ?HIFCPLI N?RNI>?VMCIFIAC;>I?R?L==CI
    OM;>IJ?FI>?J;LN;G?HNI>?=CH?MCIFIAC;>;OHCP?LMC>;>??MN;>O;FFI=;F +?F?
    ?F;=IHMN;N;KO?;MI<L?=;LA;>?
    AFC=IAHCIJI>?
    >?@;NI
    G?FBIL;LI>?M?GJ?HBI>? 
    JILŒGŒG;CM?@?NCP;HIM?P?HNIM>?G;CM>?
     B >? >OL;‹ŠI IO >?  EG >? >CMN‡H=C;
     J?FI G?HIM  !OL;HN? ?MM?M NCJIM >? ?P?HNI
     Œ JLIP†P?F KO? IM ​
    GšM=OFIM?G?R?L==CI>?GIHMNL?G>?JF?‹ŠI>?AFC=IAHCI
    IKO?@IL‹;I=ILL?>IL;L?>OTCLILCNGIHIVH;F>;
    =ILLC>;  +I ?HN;HNI
     ?P?HNIM >?  00 ?M=IF;L?M J?L=ILL?G >CMN‡H=C;M GOCNI G;CM =OLN;M
     N;FP?T >?
    ;J?H;MEG +?MM;M>CMN‡H=C;M
    I=ILL?>IL>? 00HŠI;JL?M?HN;J?LCAI>?>?JF?‹ŠI>?AFC=IAHCI

    >?M>?KO?IM=;L<IC>L;NIM=IGJL??H>;G=?L=;>?>;>C?N;HILG;F +;P?L>;>?
    IAIP?LHI@?>?L;FHILN?
    ;G?LC=;HI L?=IG?H>; I =IHMOGI >?MM; KO;HNC>;>? >? =;L<IC>L;NIM NI>IM IM >C;M JIL NI>IM IM ;>OFNIM
    M;O>†P?CM  FŒG >CMMI
     I >?M?GJ?HBI ;KOŒ​G >I ?MJ?L;>I >? ;FAOHM =ILL?>IL?M >?  00 HIM
    =;GJ?IH;NIM ?MN;>O;CM JI>? M?L ;NLC<O​>I ;I JLI=?>CG?HNI >? MI<L?=;LA; >? AFC=IAHCI ;I KO;F @IL;G
    MO<G?NC>IM  &MMI JILKO? J;L; =;>; AL;G; >? AFC=IAHCI ;LG;T?H;>I HI ​GšM=OFI
     
     A >? †AO; N;G<ŒG MŠI
    ?MNI=;>IMHI​GšM=OFI )IAI
    KO;H>IIM;NF?N;MMO<G?N?G M?‰MI<L?=;LA;>?AFC=IAHCI
    GOCN;MP?T?M?F?MM?
    M?HN?G F?HNIM IO ?MNO@;>IM  3CMNI KO? H?G I ?R=?MMI >? †AO; H?G >? AFC=IAHCI Œ H?=?MM†LCI >OL;HN? I
    ?P?HNI>? =OLNI=IGI?MM?>? 00
    ;ONCFCT;‹ŠI>;?MNL;NŒAC;>?MI<L?=;LA;>?AFC=IAHCI
    H;JL?J;L;‹ŠIŒCHM?HM;N;?JI>?M?L=IHNL;JLI>O=?HN?

    ()(,_g(5$2e5$5&1/2(6,_g(5
    QPCDCGCQ?N™Q?AMKNCRGŽMKCPCACKAMLQGBCP?ŽM CQNCAG?JKCLRCOS?LBM?QAMKNCRGCQAMLQGQRCKCK?RGTGB?BCQCK
    BG?QQSACQQGTMQMSCKTŠPG?QQPGCQBC?RGTGB?BCQPC?​JG​X?B?QLMKCQKMBG? AMKM?AMLRCACCKRMPLCGMQCAJ?QQG¤A?R™PG?QBC
    ?RJCRGQKM$K@MP??OSGCQRCH?KMQAMLQGBCP?LBM?QPCDCGCQY?N™Q?AMKNCRGŽM^ CK?JESLQA?QMQ CQQ?QPCDCGCQR?K@K
    QC ?B?NR?K N?P? BCNMGQ BMQ RPCGL?KCLRMQ /MP CVCKNJM  SK RPG?RJCR? OSC NP?RGA? L?R?ŽM BC K?LFŽ C AMPPGB?  R?PBC QC
    ?JGKCLR?PŠ?N™Q?QCQQŽMB?K?LFŽCMS?LRCQB?QCQQŽMB?R?PBC
    "MLDMPKC BGQASRGBM ?LRCPGMPKCLRC TCP QCŽM Y3PCGL?KCLRM PCQGQRGBM C QSNJCKCLR?ŽM NPMRCGA?^  M KMKCLRM B?
    GLECQRŽM BMQ LSRPGCLRCQ ?N™Q ? ?RGTGB?BC NMBC CVCPACP GKN?ARMQ QM@PC M PCQSJR?BM  GLECQRŽM BC A?P@MGBP?RM
    GKCBG?R?KCLRC ?N™Q M CVCPA”AGM C CK GLRCPT?JMQ BC  NMP  F PCQSJR? CK AMLACLRP?CQ K?GQ CJCT?B?Q BC EJGAME‘LGM ​
    KSQASJ?P BM OSC OS?LBM ? GLECQRŽM  NMQRCPE?B? N?P?  F ?N™Q M ¤L?J BM CVCPA”AGM Q R?V?Q K?GQ ?JR?Q BC Q”LRCQC BC
    EJGAME‘LGM MAMPPCK OS?LBM   E BC A?P@MGBP?RMãIE K?QQ? AMPNMP?JZ  GLECPGBM ? A?B?  KGL NMP  F BCNMGQ BM
    CVCPA”AGM$LRPCR?LRM CQQ?NPŠRGA?NMBCJCT?PGLECQRŽMA?J™PGA?K?GMPBMOSCME?QRM QCLBMK?GQ?NPMNPG?B?OS?LBM?Q
    QPGCQAMKNCRGRGT?QQŽMQCN?P?B?Q?NCL?QNMPGLRCPT?JMQ@PCTCQ2CM?RJCR?RCKK?GQBCFCLRPC?QQPGCQBCCVCPA”AGM
    GLRCLQM MKMKCLRMBMAMLQSKMLSRPGAGML?JKCLMQGKNMPR?LRCNMPOSCMQCQRMOSCQBCA?P@MGBP?RMQCPŽMPCNMQRMQAMK?
    BGCR?LMPK?J?MJMLEMBCQQCNCP”M​BM
    JGKCLRMQ BC ?JRM ”LBGAC EJGA‘KGAM NPMBSXCK AMLACLRP?CQ K?GQ CJCT?B?Q BC EJGAME‘LGM ​KSQASJ?P  F BCNMGQ BM
    CVCPA”AGMCKAMKN?P?ŽM?MQ?JGKCLRMQBC@?GVM”LBGACEJGA‘KGAM-MCLR?LRM MAMLQSKMBC?JGKCLRMQBC?JRM”LBGAC
    EJGA‘KGAMN?P??ACL​RS?P?Q”LRCQCBCEJGAME‘LGMNPCAGQ?QCPAMLQGBCP?BMLMAMLRCVRMB?BGCR?RMR?J NMBCLBMQCP?NPMNPG?BM
    ?NCL?QBSP?LRC?AMKNCRGŽMZCKMNMQGŽM?MRPCGL?KCLRMZOS?LBM?K?VGKGX?ŽMPŠNGB?BMQCQRMOSCQBCEJGAME‘LGM
    CQQCLAG?J N?P? M BCQCKNCLFM  GLAJSQŽM BC NPMRC”​L? L? PCDCGŽM ?N™Q M CVCPA”AGM LŽM GKNCBC MS ?HSB? ? Q”LRCQC BC
    EJGAME‘LGM -M CLR?LRM  DMPLCAC ?KGLMŠ​AGBMQ LCACQQŠPGMQ N?P? M PCN?PM ​KSQASJ?P C NPMKMTC SK NCP¤J FMPKML?J K?GQ
    ?L?@™JGAM MOSCNMBCQCPžRGJN?P??AMLQCPT?ŽMB?K?QQ?​KSQASJ?PBSP?LRCMRPCGL?KCLRM?JMLEMNP?XM
    "MLQGBCP?LBMMOSCDMGBGRM CGQ?QQCESGLRCQBGPCRPGXCQN?P??QPCDCGCQ?N™Q?AMKNCRGŽM

    2CMQCQRMOSCQBCA?P@MGBP?RMNPCAGQ?KQCPPCNMQRMQAMKP?NGBCX  EBCA?P@MGBP?RMãIEBCK?QQ?AMPNMP?JBCTCQCP
    GLECPGBM?A?B?KGLNMPF?N™QMCVCPA”AGM
    2C?QPCQCPT?QBCA?P@MGBP?RMNPCAGQ?KQCPPCNMQR?QAMKKCLMQTCJMAGB?BC ?GLECQRŽMBCA?P@MGBP?RMNPCAGQ?AMKC?P
    GKCBG?R?KCLRC?N™QMCVCPA”AGMCNCPQGQRGPNMPFCKGLRCPT?JMQBCF
    $K@MP? ? ?BGŽM BC NPMRC”​L?  PCDCGŽM ?N™Q ? AMKNCRGŽM LŽM ?HSBC ? PCNMQGŽM B?Q PCQCPT?Q BC A?P@MGBP?RM  CJ?
    QSNPC MQ ?KGLMŠ​AGBMQ LCACQQŠPGMQ C APG? SK ?K@GCLRC K?GQ ?L?@™JGAM GLBGQNCLQŠTCJ N?P? M PCN?PM BC NPMRC”​L? ​
    KSQASJ?P

    ! 

    DC676:w‚6D2?E6D656A@:D524@>A6E:wv@86C2=>6?E6:?4=F6>42C3@:5C2E@D567s4:=5:86DEv@
    DC676:w‚6D2?E6D524@>A6E:wv@A@56>>6=9@C2C@56D6>A6?9@56 &# $@6?E2?E@@72E@562C676:wv@D6C4@>A@DE256
    2=:>6?E@D562=E@@F32:I@{?5:468=:4y>:4@A2C646E6CA@F4@676:E@D@3C6@56D6>A6?9@
    D C676:w‚6D 2AD 2 4@>A6E:wv@ AC@>@G6> @ 4C6D4:>6?E@ 52D C6D6CG2D 56 8=:4@8y?:@ > 86C2= 2 :?86DEv@ 56 42C3@:5C2E@ 56G6
    4@>6w2C:>65:2E2>6?E62AD@6I6C4{4:@6D66DE6?56CA@CGsC:2D9@C2D2AD@6I6C4{4:@

    #% @$%

     LSRPGŽM  GKNMPR?LRC R?LRM N?P? ? Q?ž​BC ECP?J OS?LRM N?P? M @MK BCQCKNCLFM D”QGAM ,?APMLSRPGCLRCQ  A?P@MGBP?RM
    EMPBSP?CNPMRC”​L?QŽMLCACQQŠPGMQN?P?SK??KNJ?T?PGCB?BCBCDSLCQAMPNMP?GQCSK?BCJ?QMN?NCJBCQS@QRP?RMLM
    KCR?@MJGQKM . A?P@MGBP?RM  M QS@QRP?RM KCR?@™JGAM NPCBMKGL?LRC BSP?LRC ? ?RGTGB?BC D”QGA? C ?Q BGCR?Q OSC LŽM
    DMPLCACK A?P@MGBP?RMQ QS¤AGCLRCQ NMBCK MA?QGML?P BCAPCKCLRMQ LM BCQCKNCLFM D”QGAM $K P?XŽM B? GKNMPR‹LAG? BMQ
    A?P@MGBP?RMQAMKMQS@QRP?RM CQRP?REG?QB?BGCR?CBMRPCGL?KCLRMPCDCPGB?QAMKMQM@PCA?PE?BCA?P@MGBP?RMNMBCKQCP
    SQ?B?QN?P??SKCLR?P?AMLACLRP?ŽMBCEJGAME‘LGM​KSQASJ?P MOSCPCQSJR?CKKCJFMP?BMBCQCKNCLFM?CP™@GM K?QLŽM
    BM ?L?CP™@GM .Q PCEGKCQ BC QM@PCA?PE? BC A?P@MGBP?RM NMBCK LŽM QCP CQQCLAG?GQ CK ?RJCR?Q BC ,5+<9(5*, ?JR?KCLRC
    RPCGL?BMQ NMGQTŠPGMQBG?QBCPCNMSQMCGLECQRŽM?BCOS?B?BCA?P@MGBP?RMQL?BGCR?LMPK?JBM?RJCR?R?K@KNMQQG@GJGR?K
    ?CJCT?ŽMB?QAMLACLRP?CQBCEJGAME‘LGM​KSQASJ?P.A?P@MGBP?RML?DMPK?BC@C@GB?QCQNMPRGT?QNMBCQCPAMLQSKGBM
    ?LRCQ  BSP?LRC C BCNMGQ B? ?RGTGB?BC $QQ?Q NPŠRGA?Q NMBCK KCJFMP?P M BCQCKNCLFM  ?HSB?LBM ? K?LRCP M TMJSKC
    NJ?QKŠRGAMCMDMPLCAGKCLRMBCA?P@MGBP?RMQCV™ECLMQOSC​?RS?KAMKMAMK@SQR”TCJKCR?@™JGAM
    QBCK?LB?QNPMRCGA?QBMQ?RJCR?QQŽMK?GMPCQOSC?GLECQRŽMBGCRRGA?PCAMKCLB?B? ?OS?JPCNPCQCLR??QLCACQQGB?BCQ
    BCSKGL​BG​T”​BSMQCBCLRŠPGM QBCK?LB?QNPMRCGA?QBMQ?RJCR?QQŽMCJCT?B?QBCTGBM?MSQMBCNPMRC”​L?AMKMAMK@SQR”TCJ
    KCR?@™JGAM BSP?LRC ? ?RGTGB?BC C AMKM DMLRC BC ?KGLMŠ​AGBMQ N?P? ? Q”LRCQC BC NPMRC”​L? ​KSQASJ?P $LRPCR?LRM  CQQ?Q
    LCACQQGB?BCQNMBCKQCP?RCLBGB?QNCJ?GLECQRŽMB?BGCR?LMPK?JAMKMAMLQSKMK?GQ?ACL​RS?BMBCA?JMPG?QL?K?GMPG?
    BMQ ?RJCR?Q #GCR?Q AMK KSGRM NMSAM A?P@MGBP?RM ECP?JKCLRC JCT?K  GLECQRŽM K?GQ ?JR? BC EMPBSP?  M OSC HSQRG¤A? ?
    ?QQMAG?ŽM BCQQCQ RGNMQ BC BGCR? ?M ?SKCLRM BMQ PGQAMQ N?P? ? Q?ž​BC  CK@MP? K?GQ NCQOSGQ?Q QCH?K LCACQQŠPG?Q N?P?
    CQAJ?PCACPQCSQCDCGRMQQM@PC?Q?ž​BC QSNJCKCLR?ŽMNPMRCGA??LRCQCBCNMGQB?QCQQŽMBCRPCGL?KCLRMPCQGQRGBMCQRGKSJ?
    ? GLRCLQG¤A?ŽM B? Q”LRCQC NPMRCGA? h SQASJ?P  NMPK M CDCGRM BCQQ? QSNJCKCLR?ŽM QM@PC MQ E?LFMQ BC K?QQ? h SQASJ?P ?
    JMLEMNP?XMPCOSCPK?GQNCQOSGQ?Q QSNJCKCLR?ŽMBCNPMRC”​L?CA?P@MGBP?RM?LRCQCBCNMGQBMRPCGL?KCLRMBC,5+<9(5*,
    NMBC?HSB?PL?K?LSRCLŽMB?K?QQ?​KSQASJ?PCL?PCASNC​P?ŽMBMCVCPA”AGMCK?RJCR?QBC,5+<9(5*,OS?LBMAMKN?P?B?
    QSNJCKCLR?ŽM?NCL?QBCA?P@MGBP?RMQ.QCDCGRMQQM@PCMBCQCKNCLFM LMCLR?LRM QŽMGLAMLAJSQGTMQ
    GLECQRŽMBCEMPBSP?Q?RSP?B??QQMAG?B??M?SKCLRMBMQPGQAMQN?P??Q?ž​BC CLOS?LRM?GLECQRŽMK?GQ?ACL​RS?B?BC
    ŠAGBMQ EP?VMQ KMLMGLQ?RSP?BMQ  NMJG GLQ?RSP?BMQ  šKCE?  C šKCE?  CQRŠ PCJ?AGML?B? AMK ? BGKGLSGŽM BM PGQAM BC
    BMCL​? A?PBGMT?QASJ?P C TŠPGMQ RGNMQ BC A‹LACP #? NCPQNCARGT? BM BCQCKNCLFM  CK@MP? ?Q BGCR?Q PGA?Q CK EMPBSP?
    GLRCLQG¤OSCKMKCR?@MJGQKMBMJGN”BGM CJ?QLŽMKCJFMP?KMBCQCKNCLFMBC,5+<9(5*,
    ,SGR?Q TCXCQ  ? ŠES?  SK LSRPGCLRC LCEJGECLAG?BM OSC  GKNMPR?LRC N?P? KSGR?Q DSLCQ ¤QGMJ™EGA?Q  QCLBM ?
    BCQGBP?R?ŽMSK?A?SQ?BMBCAJ”LGMLMBCQCKNCLFM?CP™@GMC?L?CP™@GMTCP"?N”RSJM  QSNJCKCLR?ŽMBCTGR?KGL?Q
    JGNMQQMJžTCGQCFGBPMQQMJžTCGQLŽMKCJFMP?MBCQCKNCLFM?KCLMQOSCMGL​BG​T”​BSM?NPCQCLRCBC¤AG‘L ^G?B?TGR?KGL??LRCQ
    B?QSNJCKCLR?ŽM QSNJCKCLR?ŽMAMKMK?APMKGLCP?JDCPPMT?JGMQ?N?P?KCJFMP?PMBCQCKNCLFM?NCL?QQCMGL​BG​T”​
    BSMDMP?L‘KGAM C?QSNJCKCLR?ŽMBCAŠJAGMTŠJGB?N?P?AMK@?RCP?MQRCM​NMPMQC
    QPCDCGCQAMLQSKGB?Q?LRCQCBCNMGQBCAMKNCRGCQ ?QOS?GQECP?JKCLRCGLAJSCKA?P@MGBP?RMQBCDŠAGJBGECQRŽM QŽM
    OSCQRCQ GKNMPR?LRCQ ? QCPCK AMLQGBCP?B?Q L? BGCR? BMQ ?RJCR?Q 1CDCGCQ ?LRCQ B?Q AMKNCRGCQ NMBCK ?HSB?P LM
    BCQCKNCLFM BC ,5+<9(5*, ?SKCLR?LBM ? BGQNMLG@GJGB?BC BMQ A?P@MGBP?RMQ CV™ECLMQ N?P? SQM AMKM QS@QRP?RM 1CDCGCQ
    BCNMGQB?QAMKNCRGCQQŽMGKNMPR?LRCQN?P?CJCT?P?QPCQCPT?QBCEJGAME‘LGMN?P?SQML?QPGCBCCVCPA”AGMQ?QCESGPCN?P?
    PCN?P?P ?Q NPMRC”​L?Q ​KSQASJ?​PCQ B?LG¤A?B?Q $QQ?Q NPŠRGA?Q BGCRRGA?Q QŽM LCACQQŠPG?Q N?P? ? K?LSRCLŽM R?LRM B? Q?ž
    _C
    OS?LRMBM@MKBCQCKNCLFMD”QGAM

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    JGKCLRMQ BC ?JRM ”LBGAC EJGA‘KGAM  MS K?GQ  CJCT?K ? EJGAMQC Q?LES”​LC? ========= CK AMKN?P?ŽM AMK MQ
    ?JGKCLRMQBC”LBGACEJGA‘KGAMKMBCP?BM? MS@?GVMMSKCLMQ 
    1CRCLŽM BC LGRPME‘LGM ========= GLBGA? ?L?@MJGQKM  CLOS?LRM @?J?LM BC LGRPME‘LGM ========= OSCP BGXCP
    KM@GJGX?ŽMBC?KGLMŠ​AGBMQBMRCAGBMAMPNMP?JCA?R?@MJGQKM
    KGLMŠ​AGBMQ CQQCLAG?GQ  CQNCAG¤A?KCLRC =========  N?PCACK QCP CQRGKSJ?LRCQ NPGKŠPGMQ B? Q”LRCQC BC NPMRC”i ? *
    KSQASJ?P AMKNMSA?AMLRPG@SGŽMBMQ?KGLMŠ​AGBMQLŽMCQQCLAG?GQ
     0S?LBM CVGQRCK CTGB‘LAG?Q GLQS¤AGCLRCQ N?P? BCRCPKGL?P ? 1#  BC SK LSRPGCLRC  ? =========  SQ?B?  ? OS?J
    AMLQRGRSG?OS?LRGB?BCKBG?BCSKLSRPGCLRCAMLQSKGB?NMPGL​BG​T”​BSMQQ?SBŠTCGQ
     "CPA? BC  BM DCPPM BM AMPNM CQRŠ AMLRGBM L? ========= C ========= . PCQR?LRC BM DCPPM BM AMPNM   
    ?PK?XCL?BMLM========= =========C=========L?DMPK?BCFCKMQQGBCPGL?CDCPPGRGL?
    n8@5<8-1?/;84-
    GLECQRŽMGLQS¤AGCLRCBCA?P@MGBP?RMNCJM?RJCR?NMBCPCQSJR?PCK
    ? "?N?AGB?BCBCK?LSRCLŽMB?GLRCLQGB?BCBMRPCGL?KCLRM
    @ "?N?AGB?BCBCK?LSRCLŽMBMTMJSKCBMRPCGL?KCLRM
    A &?LFMBCK?QQ?​KSQASJ?P
    B B?NR?CQ¤QGMJ™EGA?Q?MRPCGL?KCLRMLŽM dBC?GQ
    C ,CJFMP?B?NR?ŽM?MRPCGL?KCLRM
    0S?J?NMPACLR?ECKBCA?P@MGBP?RMCKlBC@C@GB?CQNMPRGT?AMLRCLBMEBCDPSRMQCCEBCEJGAMQC
    ?  
    @  
    A 
    B 
    C  
    0S?JB?QQCESGLRCQ?JRCPL?RGT?Q5b6SK?AMLBSR?QSECPGB?N?P??PCDCGŽM?LRCQB?AMKNCRGŽM
    ? PCDCGŽMLŽMBCTCBCGV?PM?RJCR?AMKDMKC
    @ PCDCGŽMLŽMBCTCBCGV?P?JGKCLRMLŽMBGECPGBMLMCQRšK?EM?MGL”AGMB?AMKNCRGŽM
    A PCDCGŽMBCTCRCPNMSA?EMPBSP?CNMSA?¤@P?N?P??SKCLR?PMCQT?XG?KCLRMEŠQRPGAMCKGLGKGX?PMQNPM@JCK?Q
    E?QRPGLRCQRGL?GQ
    B PCDCGŽMBCTCQCPDCGR??LRCQBCSK?AMKNCRGŽMGKNMPR?LRCKCQKMOSCLŽMRCLF?QGBMRCQR?B??LRCQ
    C 2CSK?PCDCGŽMDMPAMLQSKGB?F?LRCQBMCVCPA”AGM CJ?BCTCQCPJ”OSGB?N?P?K?VGKGX?PMCQT?XG?KCLRMEŠQRPGAM
     0S?JB?QQCESGLRCQCQRP?REG?QPCTCJMS QC?K?GQPŠNGB?L?PCNMQGŽMB?QPCQCPT?QBCA?P@MGBP?RM
    ?  EBCA?P@MGBP?RMãIEK?QQ?AMPNMP?JZ?A?B?KGLNMPF?N™QMCVCPA”AGM
    @ EBCA?P@MGBP?RM?A?B?KGLNMPF?N™QMCVCPA”AGM
    A EBCA?P@MGBP?RMãIEK?QQ?AMPNMP?JZ?A?B? KGLNMPF?N™QMCVCPA”AGM
    B  EBCA?P@MGBP?RMãIEK?QQ?AMPNMP?JZ?A?B?KGLNMPBG?Q?N™QMCVCPA”AGM
    C EBCA?P@MGBP?RMãIEK?QQ?AMPNMP?JZ?A?B?KGLNMPF?N™QMCVCPA”AGM
     .@?J?LMBCLGRPME‘LGMNMQGRGTMGLBGA?
    ? (LECQRŽMBCNPMRC”​L?KCLMPOSC?SRGJGX?ŽM
    @ (LECQRŽMCSRGJGX?ŽMBCNPMRC”​L?GES?GQ
    A $VAPCŽMBCNPMRC”​L?K?GMPOSC?GLECQRŽM
    B (LECQRŽMCCVAPCŽMBCNPMRC”​L?GES?GQ
    C (LECQRŽMBCNPMRC”​L?K?GMPOSC?CVAPCŽM
    )1>0-015>;;A2-8?;
    EJGAMQC?@QMPTGB?NMPRP?LQNMPRC?RGTMNCJ?QAJSJ?QBMGLRCQRGLMBCJE?BM
     GLAJSQŽM BC NPMRC”​L? L?Q PCDCGCQ ?N™Q M CVCPA”AGM LŽM ?RP?N?JF? MS ?HSB? ? Q”LRCQC BC EJGAME‘LGM  AMLRSBM NMBC
    DMPLCACP?KGLMŠ​AGBMQLCACQQŠPGMQN?P?MPCN?PM​KSQASJ?PCNMQQG@GJGR?PSKNCP¤JFMPKML?JK?GQ?L?@™JGAM
    vNMQQ”TCJOSC?GLECQRŽMBCEMPBSP?QCH?KSGRM@?GV?
     .QKGLCP?GQQŽMQS@QR‹LAG?QMPE‹LGA?QAMLR‘KJGE?CQCLRPCMQA?P@MLMQMSCLRPCA?P@MLMCFGBPME‘LGM 
     ?LCKG?BCAMPPCLRCB?BC¤AG‘L ^G?BCDCPPMKSGR?QTCXCQAMLDSLBGB?AMK??LCKG?BMCQNMPRC SK?AMLACLRP?ŽM
    RCKNMP?PG?KCLRC@?GV?BCFCKMEJM@GL?NMPAMLR?BM?SKCLRMGLBSXGBMNCJMCVCPA”AGMBMTMJSKCNJ?QKŠRGAMBSP?LRC
    MQCQRŠEGMQGLGAG?GQBCSKNPMEP?K?BCRPCGL?KCLRM?CP™@GM
    $A1?@m1?;.61@5B-?
    $VNJGOSC ? P?XŽM NCJ? OS?J M RCKNM N?P? CV?SQRŽM L? CQRCGP? ?N™Q  QCK?L? BC BGCR? PGA? CK NPMRC”​L? MS BC @?GV?
    GLECQRŽMBCA?P@MGBP?RMLŽMKCJFMPMS CLOS?LRMMRCKNMN?P?CV?SQRŽM?SKCLRMSQGELG¤A?RGT?KCLRC?N™QQCK?L?Q
    BCBGCR?AMK?JR?GLECQRŽMBCNPMRC”​L?C@?GV?BCA?P@MGBP?RM
    /MPOSCMQ?RJCR?QPCOSCPCPCKOS?LRGB?BCBCNPMRC”​L?K?GQCJCT?B?OSC?1# 
    #CQAPCT??BGDCPCL?CLRPCŠAGBMQEP?VMQQ?RSP?BMQCGLQ?RSP?BMQ
    #1:?-91:@;/>h@5/;
    $VNJGOSCAMKM?GLECQRŽMBCNPMRC”​L?CA?P@MGBP?RMGKCBG?R?KCLRC?LRCQMSCKF?N™QMCVCPA”AGMNMBC?ACL​RS?P?
    Q”LRCQCBCNPMRC”​L?C?HSB?PL?PCASNC​P?ŽM
    /MPOSCKSGR?Q@C@GB?QCQNMPRGT?QAMLR‘KK?GQBCSKRGNMBCA?P@MGBP?RM

    "#&

    S394?7B1H?t=571 ŠAGBMEP?VMNMJG GLQ?RSP?BMOSC?NPCQCLR???JGE?ŽMBSNJ?L??NMQGŽMB?RCPKGL?ŽMBMEPSNM


    KCRGJ?"' BCSKŠAGBMEP?VM
    S394?7B1H?t=571ŠAGBMEP?VMNMJG GLQ?RSP?BMOSC?NPCQCLR??JGE?ŽMBSNJ?L??NMQGŽMB?RCPKGL?ŽMBMEPSNM
    KCRGJ?"' BCSKŠAGBMEP?VM
    >5=91AMLBGŽMKBGA?L?OS?J?AMLACLRP?ŽMBCFCKMEJM@GL?CQRŠ?@?GVMBMLMPK?J
    1<1>k? >9DB?75>14? P?XŽM B? OS?LRGB?BC BC NPMRC”​L? MS LGRPME‘LGM GLECPGB? CK PCJ?ŽM  OS?LRGB?BC BC LGRPME‘LGM
    CVAPCR?B?
    1<1>k? >9DB?75>14? >571D9F? @?J?LM BC LGRPME‘LGM OSC GLBGA? SRGJGX?ŽM BC ?KGLMŠ​AGBMQ LM KCR?@MJGQKM  NMGQ M
    LGRPME‘LGMCVAPCR?BMK?GMPOSCMGLECPGBM MOSCOSCPBGXCPPCBSŽMNPMRCGA?ECP?JNCJMAMPNM
    1<1>k? >9DB?75>14? @?C9D9F? M @?J?LM BC LGRPME‘LGM OSC GLBGA? SRGJGX?ŽM BC ?KGLMŠ​AGBMQ L? Q”LRCQC BC RCAGBM
    AMPNMP?J  NMGQ M LGRPME‘LGM GLECPGBM  K?GMP OSC M CVAPCR?BM  M OSC OSCP BGXCP AMLBGŽM BC Q”LRCQC NPMRCGA? ECP?J LM
    AMPNM
    5D?g​394?CAMPNMQACRšLGAMQOSCAMLR‘KSKEPSNMŠAGBM"..' 
    5D?C5?SKCLRMBMQAMPNMQACRšLGAMQLMQ?LESCCL?SPGL?
    ?B@?C 35Dt>93?C KMJASJ?Q DMPK?B?Q ? N?PRGP B? BCEP?B?ŽM GLAMKNJCR? BC JGN”BGMQ OSC ?NPCQCLR?K SK? ". CLRPC
    BMGQA?P@MLMQ
    [>49357<93m=93?KCBGB?PCJ?RGT?B?CJCT?ŽMB?AMLACLRP?ŽMBCEJGAMQCQ?LES”​LC?LMNCP”M​BMBCF?N™Q?GLECQRŽMBC
    SK?JGKCLRMAMLRCLBMEBCA?P@MGBP?RMCKAMKN?P?ŽMAMKSK?JGKCLRMAMLRCLBMA?P@MGBP?RMN?BPŽMZCKECP?J
    NŽM@P?LAMCEJGAMQCZOSC?SKCLR?MQL”TCGQBCEJGAMQCQ?LES”​LC?KSGRMP?NGB?KCLRC
    >75CDj?145AE141OS?LRGB?BCKBG?BCSKLSRPGCLRCAMLQSKGB?NMPGL​BG​T”​BSMQQ?SBŠTCGQ SQ?B?OS?LBMCVGQRCK
    CTGB‘LAG?QGLQS¤AGCLRCQN?P?CQR?@CJCACP?1# 
    >75CDj? 495DlD931 B53?=5>4141 ( BGPCRPGXCQ BGCRRGA?Q BC SK LSRPGCLRC  CQR?@CJCAGB?Q OS?LBM FŠ CTGB‘LAG?Q
    AGCLR”¤A?QQS¤AGCLRCQGLBGA?LBM?OS?LRGB?BCBGŠPd?KBG?LCACQQŠPG?N?P??RCLBCPQLCACQQGB?BCQBCBMQ?BSJRMQ
    Q?SBŠTCGQ
    #13B?=9>5B1< KGLCP?J OSC CVGQRC LM AMPNM CK EP?LBCQ OS?LRGB?BCQ ?NPMVGK?B?KCLRC  ?  E  BCNCLBCLBM BM
    KGLCP?JCBMR?K?LFMBMAMPNM 
    #13B?>EDB95>D5CAMKNPCCLBCKMQLSRPGCLRCQA?P@MGBP?RM NPMRC”​L?CEMPBSP? MQOS?GQQŽMLCACQQŠPGMQN?P?MAMPNMCK
    EP?LBCQOS?LRGB?BCQ
    #1<D?45HDB9>1CA?P@MGBP?RMAMKNMQRMBCNMJ”KCPMQBCEJGAMQC
    #93B?=9>5B1<KGLCP?JCLAMLRP?BMLMAMPNMCKNCOSCL?QOS?LRGB?BCQNMSAMQEP?K?Q 
    #93B?>EDB95>D5C LSRPGCLRCQ  AMKM ?Q TGR?KGL?Q C MQ KGLCP?GQ  LCACQQŠPGMQ N?P? M AMPNM CK NCOSCL?Q OS?LRGB?BCQ
    KGJGEP?K?QMSKGAPMEP?K?QNMPBG? 
    %C=?<1<94145KCBGB?B?NPMNMPŽMBCQMJSRMCJ”OSGBMBCSK?QMJSŽM
    %CD5?@?B?C5BGKGLSGŽMB?BCLQGB?BC™QQC??NMLRMBC?SKCLR?PMPGQAMBCDP?RSP?Q
    )?2B531B714531B2?94B1D?CQRP?REG?B?BGCR?CBMRPCGL?KCLRMOSCTGQ??SKCLR?PMQCQRMOSCQBCEJGAME‘LGMFCNŠRGAMC
    KSQASJ?P
    *B1>C65BB9>1EJGAMNPMRC”​L?NJ?QKŠRGA?BCJGE?ŽMBCDCPPMOSCRP?LQNMPR?DCPPMLMQ?LESC
    ,9D1=9>1C 894B?CC?<wF59C TGR?KGL?Q QMJžTCGQ CK ŠES? OSC  NMP GQQM  NMBCK QCP CVAPCR?B?Q CK EP?LBCQ OS?LRGB?BCQ L?
    SPGL? RMPL?LBMBGD”AGJMBCQCLTMJTGKCLRMBCQGLRMK?QR™VGAMQ
    ,9D1=9>1C<9@?CC?<wF59CTGR?KGL?Q # $C*OSCNMBCKQCP?PK?XCL?B?QLMRCAGBM?BGNMQM

    "?#

     KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC  KCPGA?L #GCRCRGA QQMAG?RGML  ?LB #GCRGRG?LQ MD "?L?B? )MGLR /MQGRGML
    2R?RCKCLRLSRPGRGML?LB?RFJCRGANCPDMPK?LAC KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC  KCPGA?L#GCRCRGA QQMAG?RGML
    ?LB#GCRGRG?LQMD"?L?B?,CB2AG2NMPRQ$VCPAZ
     J@MPE &  !CPEQRPMK )  !PMFSJR ) 'SK?L KSQAJC EJWAMECL AMLRCLR A?N?AGRW DMP NPMJMLECB CVCPAGQC ?DRCP BGDDCPCLR
    BGCRQ%MPQT?PQKCBGAGLZ
     !C?PB) 3M@GL!(PMLQR?RSQ?LBCVCPAGQC K)"JGL-SRP2Z2
     !CPEQRPMK) 'CPK?LQCL+ 'SJRK?L$ CR?J#GCR KSQAJCEJWAMECL?LBNFWQGA?JNCPDMPK?LAC AR?/FWQGMJ2A?LB
    Z
     !CRRQ )  2RCTCLQML $  6GJJG?KQ "  CR ?J 1CAMTCPW MD CLBSP?LAC PSLLGLE A?N?AGRW $DDCAR MD A?P@MFWBP?RCZNPMRCGL
    KGVRSPCQ(LR)2NMPR-SRP$VCPA,CR?@Z
     !MGQQC?S- 5CPKMPCJ, 1?LAC, CR?J/PMRCGLPCOSGPCKCLRQGLK?JC?BMJCQACLRQMAACPNJ?WCPQ$SP) NNJ/FWQGMJ
    Z
     !MPQFCGK$ 3GNRML*# 6MJD2$ CR?J$QQCLRG?J?KGLM?AGBQ?LBKSQAJCNPMRCGLPCAMTCPWDPMKPCQGQR?LACCVCPAGQC
    K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     !PSRQ?CPR 3#  'CPL?LBCX "MPBCPM 2  1GTCP? )  CR ?J (PML QSNNJCKCLR?RGML GKNPMTCQ NPMEPCQQGTC D?RGESC PCQGQR?LAC
    BSPGLEBWL?KGAILCCCVRCLQMPCVCPAGQCGLGPML BCNJCRCB LML?LCKGAUMKCL K)"JGL-SRPZ
     !PW?LR1) 1WBCP) ,?PRGLM/ CR?J$DDCARQMDTGR?KGL$?LB"QSNNJCKCLR?RGMLCGRFCP?JMLCMPGLAMK@GL?RGMLML
    CVCPAGQC GLBSACBJGNGBNCPMVGB?RGMLGLRP?GLCBAWAJGQRQ)2RPCLERF"MLB1CQZ
     !SAAG+-SRPGRGMLGL$VCPAGQC?LB2NMPR!MA?1?RML %+"1"/PCQQ 
     !SPIC#& "FGJG@CAI/# #?TGBQML*2 CR?J3FCCDDCARMDUFCWNPMRCGLQSNNJCKCLR?RGMLUGRF?LBUGRFMSRAPC?RGLC
    KMLMFWBP?RC AMK@GLCB UGRF PCQGQR?LAC RP?GLGLE ML JC?L RGQQSC K?QQ ?LB KSQAJC QRPCLERF (LR ) 2NMPR -SRP $VCPA
    ,CR?@Z
     !SPIC +,  LESQ #)  "MV &1  CR ?J $DDCAR MD D?R ?B?NR?RGML ?LB A?P@MFWBP?RC PCQRMP?RGML ML KCR?@MJGQK ?LB
    NCPDMPK?LACBSPGLENPMJMLECBAWAJGLE) NNJ/FWQGMJZ
     !SPIC+,-SRPGRGMLQRP?RCEGCQDMPRFCK?P?RFML%SCJDMPRP?GLGLE?LBP?AGLE2NMPRQ,CBZ
     !SQQ?S 5  %?GPAFGJB 3)  1?M  CR ?J "?P@MFWBP?RC JM?BGLE GL FSK?L KSQAJC L GKNPMTCB  B?W NPMRMAMJ $SP )
    NNJ/FWQGMJZ
     "?PPMJJ ""  %JSAICW )#  6GJJG?KQ 1'  CR ?J 'SK?L QMJCSQ ?LB T?QRSQ J?RCP?JGQ KSQAJC NPMRCGL KCR?@MJGQK UGRF ?L
    ?KGLM?AGBGLDSQGML K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     "FCSTPMLR 2-  ,MLR?GL 2)  2?UI? ,- %JSGB PCNJ?ACKCLR ?LB NCPDMPK?LAC BSPGLE RFC K?P?RFML 2NMPRQ ,CB
    Z
     "FPGQRCLQCL$ '?LQCL. P@CGRQD?FGEICGRSLBCFPL?FPSLE2I?LB PAF/FWQGMJZ
     "J?PIQML/, '?WKCQ$,$VCPAGQC?LBKGLCP?JQR?RSQMD?RFJCRCQ"?JAGSK K?ELCQGSK NFMQNFMPSQ ?LBGPML,CB
    2AG2NMPRQ$VCPAZ
     "MJCK?L $ "?P@MFWBP?RC ?LB CVCPAGQC (L 2NMPRQ -SRPGRGML  &SGBC DMP RFC /PMDCQQGML?J 6MPIGLE UGRF ARGTC
    /CMNJC"FGA?EM3FC KCPGA?L#GCRCRGA QQMAG?RGML 
     "MLTCPRGLM 5  PKQRPMLE +$  "MWJC $%  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB $VCPAGQC ?LB
    ¥SGBPCNJ?ACKCLR,CB2AG2NMPRQ$VCPAGZGV
     "MMI)#3FCCDDCARMDCLBSP?LACRP?GLGLEMLGPMLKCR?@MJGQK2CKGL'CK?RMJZ
     "MQRGJJ #+  "MWJC $  #?JQIW &  CR ?J $DDCARQ MD CJCT?RCB NJ?QK? %%  ?LB GLQSJGL ML KSQAJC EJWAMECL SQ?EC BSPGLE
    CVCPAGQC) NNJ/FWQGMJZ
     "MWJC$%%JSGB?LBDSCJGLR?ICBSPGLECVCPAGQC)2NMPRQ2AGZ
     #C,?PAM', 2SAFCP*/ "GQ?P") CR?J/PC CVCPAGQCA?P@MFWBP?RCKC?JQ NNJGA?RGMLMDEJWACKGAGLBCV,CB2AG
    2NMPRQ$VCPAZ
     #MSEFCPRW *  !?ICP +!  "FMU ,  CR ?J 3UM NCPACLR BCFWBP?RGML GKN?GPQ ?LB QGV NCPACLR A?P@MFWBP?RC BPGLI
    GKNPMTCQ@MWQ@?QICR@?JJQIGJJQ,CB2AG2NMPRQ$VCPAZ
     $?PLCQR "/  +?LA?QRCP 2+  1?QKSQQCL ")  CR ?J +MU TQ FGEF EJWACKGA GLBCV A?P@MFWBP?RC ECJ GLECQRGML BSPGLE
    QGKSJ?RCB IKAWAJGLERGKCRPG?JNCPDMPK?LAC)2RPCLERF"MLB1CQZ
     $QK?PAI!  LBCPQCL)+ .JQCL2 CR?J3GKGLEMDNMQRCVCPAGQCNPMRCGLGLR?ICGQGKNMPR?LRDMPKSQAJCFWNCPRPMNFW
    UGRFPCQGQR?LACRP?GLGLEGLCJBCPJWFSK?LQ)/FWQGMJZ
     %?GPAFGJB 3)  %JCRAFCP 2  2RCCJC /  CR ?J 1?NGB A?P@MFWBP?RC JM?BGLE ?DRCP ? QFMPR @MSR MD LC?P K?VGK?J GLRCLQGRW
    CVCPAGQC,CB2AG2NMPRQ$VCPAZ
     %MQRCP" "MQRGJJ#+ %GLI6)$DDCARQMDNPCCVCPAGQCDCCBGLEQMLCLBSP?LACNCPDMPK?LAC,CB2AG2NMPRQZ
    
     %MQRCP /MUCJJ* 'MJR2' !P?LB ,GJJCP)"(LRCPL?RGML?JR?@JCMDEJWACKGAGLBCV?LBEJWACKGAJM?BT?JSCQ
    K)"JGL-SRPZ
     &G@?J? ,) -SRPGRGML?J QSNNJCKCLR?RGML ?LB PCQGQR?LAC CVCPAGQC 6F?R GQ RFC CTGBCLAC DMP CLF?LACB QICJCR?J KSQAJC
    FWNCPRPMNFW"?L) NNJ/FWQGMJZ
     &GQMJ¤"5 2SKKCPQ1# 2AFCBJ'/ CR?J$DDCARMDQMBGSKAMLACLRP?RGMLGL?A?P@MFWBP?RC CJCARPMJWRCQMJSRGMLML
    GLRCQRGL?J?@QMPNRGML,CB2AG2NMPRQ$VCPAZ
     &PCCL') !?JJ !SPLCRR, )MLCQ2 CR?J,CAF?LGA?J?LBKCR?@MJGAPCQNMLQCQUGRFCVCPAGQC?LBBGCR?PWA?P@MFWBP?RC
    K?LGNSJ?RGML,CB2AG2NMPRQ$VCPAZ
     '?DD &  2RMLC ,  6?PPCL !  CR ?J 3FC CDDCAR MD A?P@MFWBP?RC QSNNJCKCLR?RGML ML KSJRGNJC QCQQGMLQ ?LB @MSRQ MD
    PCQGQR?LACCVCPAGQC)2RPCLERF"MLB1CQZ
     '?DD&& *MAF ) /MRRCGECP) CR?J"?P@MFWBP?RCQSNNJCKCLR?RGML?RRCLS?RCQKSQAJCEJWAMECLJMQQBSPGLE?ASRC
    @MSRQMDPCQGQR?LACCVCPAGQC(LR)2NMPR-SRP$VCPA,CR?@Z
     '?DD&& +CFKISFJ,) ,A"MW+! CR?J"?P@MFWBP?RCQSNNJCKCLR?RGML?LBPCQGQR?LACRP?GLGLE)2RPCLERF"MLB
    1CQZ
     '?R¤CJB #+  *P?CKCP 6)  5MJCI )2  CR ?J 3FC CDDCARQ MD A?P@MFWBP?RC JM?BGLE ML PCNCRGRGTC HSKN QOS?R NMUCP
    NCPDMPK?LAC)2RPCLERF"MLB1CQZ
     'CJEC)6 B?NR?RGMLRM?D?R PGAFBGCR$DDCARQMLCLBSP?LACNCPDMPK?LACGLFSK?LQ2NMPRQ,CBZ
     'CKGJ?'5GR?KGL"?LBAMKKMLAMJBGLAGBCLAC PCTGCUMDQRSBGCQUGRFQS@HCARQSLBCPFC?TWNFWQGA?JQRPCQQ(LR)
    2NMPRQ,CBZ
     'MEQRPMK, -MPBQRPMK  JDPCBQML' CR?J"SPPCLRNFWQGA?J?ARGTGRWGQPCJ?RCBRM@MLCKGLCP?JBCLQGRWGLK?JCQ
    @SRLMRGLDCK?JCQ(LR)2NMPRQ,CBZ
     'P?EP?TCQ ,  '?UJCW )  )CSICLBPSN  /PC CVCPAGQC A?P@MFWBP?RC ?LB D?R GLECQRGML $DDCARQ ML KCR?@MJGQK ?LB
    NCPDMPK?LAC)2NMPRQ2AGZ
     'SJKG ))  5MJCI )2  2CJ?LLC '  CR ?J /PMRCGL GLECQRGML NPGMP RM QRPCLERF CVCPAGQC ?DDCARQ @JMMB FMPKMLCQ ?LB
    KCR?@MJGQK,CB2AG2NMPRQ$VCPAZ
     (N""MLRPMTCPQG?JGQQSCQMDBGCR?PWD?R?LBCVNCPGKCLR?JK?KK?PWA?PAGLMECLCQGQ/PCT,CBZ
     (TW )+  &MDMPRF '6 )P  #?KML !,  CR ?J $?PJW NMQRCVCPAGQC KSQAJC EJWAMECL PCAMTCPW GQ CLF?LACB UGRF ?
    A?P@MFWBP?RCZNPMRCGLQSNNJCKCLR) NNJ/FWQGMJZ
     )?AIQML ,) $VCPAGQC ?LB MVWECL P?BGA?J NPMBSARGML GL KSQAJC (L /?AICP "*  '?LLGLCL /+  CBQ $VCPAGQC ?LB
    .VWECL3MVGAGRW KQRCPB?K$JQCTGCP Z
     )CLRHCLQ1+ T?L+MML+) ,?LL"' CR?J BBGRGMLMDNPMRCGL?LB?KGLM?AGBQRMA?P@MFWBP?RCQBMCQLMRCLF?LAC
    NMQRCVCPAGQCKSQAJCEJWAMECLQWLRFCQGQ) NNJ/FWQGMJZ
     )MLCQ /)  +?S 56 $DDCAR MD L  NMJWSLQ?RSP?RCB D?RRW ?AGBQ ML PGQI PCBSARGML MD QSBBCL BC?RF -SRP 1CT
    Z
     *?KGLQIW, !M?J1 LCDDCARMD?QAMP@GA?AGBMLBCJ?WCB MLQCRKSQAJCQMPCLCQQ/?GLZ
     *?RM 3  3CP?QFGK? 3  8?K?QFGR? 3  CR ?J $DDCAR MD JMU PCNCRGRGML HSKN RP?GLGLE ML @MLC KGLCP?J BCLQGRW GL WMSLE
    UMKCL) NNJ/FWQGMJZ
     *GK@?JJ 21  %?PPCJJ /  )CDDCPQML +2 (LTGRCB PCTGCU 1MJC MD GLQSJGL GL RP?LQJ?RGML?J AMLRPMJ MD NPMRCGL QWLRFCQGQ GL
    QICJCR?JKSQAJC@W?KGLM?AGBQMPCVCPAGQC) NNJ/FWQGMJZ
     *GPUGL) .&MPK?L# $T?LQ6 KMBCP?RCEJWACKGA@CDMPCCLBSP?LACCVCPAGQCA?LCLF?LACNCPDMPK?LAC) NNJ
    /FWQGMJZ
     *MMNK?L 1  /?LLCK?LQ #+  )CSICLBPSN $  CR ?J "MK@GLCB GLECQRGML MD NPMRCGL ?LB A?P@MFWBP?RC GKNPMTCQ
    NPMRCGL@?J?LACBSPGLESJRP? CLBSP?LACCVCPAGQC K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     +?K@CPR "/  %P?LI ++  $T?LQ 6) ,?APMLSRPGCLR AMLQGBCP?RGMLQ DMP RFC QNMPR MD @MBW@SGJBGLE 2NMPRQ ,CB
    Z
     +CGNCP)!(LRCQRGL?JU?RCP?@QMPNRGMLc(KNJGA?RGMLQDMPRFCDMPKSJ?RGMLMDPCFWBP?RGMLQMJSRGMLQ(LR)2NMPRQ,CB
    QSNNJ 2Z2
     +CKML/6 3?PLMNMJQIW, ,?A#MSE?JJ)# CR?J/PMRCGLPCOSGPCKCLRQ?LBKSQAJCK?QQQRPCLERFAF?LECQBSPGLE
    GLRCLQGTCRP?GLGLEGLLMTGAC@MBW@SGJBCPQ) NNJ/FWQGMJZ
     +CTCLF?ECL #*  "?PP "  "?PJQML ,&  CR ?J /MQRCVCPAGQC NPMRCGL GLR?IC CLF?LACQ UFMJC @MBW ?LB JCE NPMRCGL
    ?AAPCRGMLGLFSK?LQ,CB2AG2NMPRQ$VCPAZ
     ,?A#MSE?JJ )#  6?PB &1  2SRRML )1 ,SQAJC EJWAMECL PCNJCRGML ?DRCP FGEF GLRCLQGRW GLRCPKGRRCLR CVCPAGQC ) NNJ
    /FWQGMJZ
     ,?A#MSE?JJ )#  1?W 2  2?JC #&  CR ?J ,SQAJC QS@QRP?RC SRGJGX?RGML ?LB J?AR?RC NPMBSARGML "?L ) NNJ /FWQGMJ
    Z
     ,?PRWL 2R)?KCQ, "?PPMJJ2/PMEPCQQGTCFGEF GLRCLQGRWPCQGQR?LACRP?GLGLE?LB@MLCKGLCP?JBCLQGRWAF?LECQ?KMLE
    NPCKCLMN?SQ?JUMKCL$TGBCLACMDBGQAMPB?LRQGRC QNCAG¤AQICJCR?JCDDCARQ2NMPRQ,CBZ
     ,?QQGAMRRC# /CPMLLCR% !PGQQML& CR?J.VGB?RGMLMD?EJSAMQCNMJWKCPBSPGLECVCPAGQC"MKN?PGQMLUGRFEJSAMQC
    ?LBDPSARMQC) NNJ/FWQGMJZ
     ,?SEF?L 1)  !CRFCJJ +1  +CGNCP )! $DDCARQ MD GLECQRCB ¥SGBQ ML CVCPAGQC A?N?AGRW ?LB ML A?PBGMT?QASJ?P ?LB
    KCR?@MJGAPCQNMLQCQRMNPMJMLECBCVCPAGQCGLK?L$VN/FWQGMJZ
     ,?SEF?L 1)  &PCCLF?DD /+  +CGNCP )!  CR ?J #GCR AMKNMQGRGML ?LB RFC NCPDMPK?LAC MD FGEF GLRCLQGRW CVCPAGQC )
    2NMPRQ2AGZ
     ,?SEFL 1  !SPIC +  "MWJC $  CBQ %MMB  -SRPGRGML ?LB 2NMPRQ /CPDMPK?LAC (( 3FC (LRCPL?RGML?J .JWKNGA
    "MKKGRRCC"MLQCLQSQML2NMPRQ-SRPGRGML+MLBML1SRJCBEC 
     ,GJJ?PB 2R?DDMPB, 6?PPCL&+ 3FMK?Q+, CR?J1CAMTCPWDPMKPSLRP?GLGLE$D¤A?AWMD?A?P@MFWBP?RCZNPMRCGL
    @CTCP?EC(LR)2NMPR-SRP$VCPA,CR?@Z
     ,MPPGQ," 2?AIQ% 1MQLCP!#MCQ¤QFMGJJMUCP@JMMBNPCQQSPC KCR? ?L?JWQGQMDAMLRPMJJCBRPG?JQ"GPASJ?RGML
    Z
     ,SPP?W!3FCPMJCMDQ?JR?LBEJSAMQCPCNJ?ACKCLRBPGLIQGLRFCK?P?RFML2NMPRQ,CBZ
     -?AFRGE?JJ+$ -?AFRGE?JJ1' -?AFRGE?JJ1# CR?J$QRPMECLPCNJ?ACKCLRRFCP?NW(  WC?PNPMQNCARGTCQRSBWGL
    RFCPCJ?RGMLQFGNRMMQRCMNMPMQGQ.@QRCR&WLCAMJZ
     -CQRCJ/)%GQFMGJ?LBA?PBGMT?QASJ?PBGQC?QC+GNGBQ?LB?PRCPG?JDSLARGML K)"JGL-SRP2Z2
     -GCJQML/ -?AFRGE?JJ#(PMLQSNNJCKCLR?RGMLGL?RFJCRCQASPPCLRPCAMKKCLB?RGMLQ2NMPRQ,CBZ
     -M?ICQ3 2NCCBW#3FC?CRGMJMEWMDCVCPAGQC ?QQMAG?RCBFWNML?RPCKG?GQCQR?@JGQFCB?LBGQLMRKWRFGA?J!P)2NMPRQ
    ,CBZ
     -M?ICQ 3# 2NMPRQ BPGLIQ /PCTCLRGML MD YTMJSLR?PW BCFWBP?RGML^ ?LB BCTCJMNKCLR MD CVCPAGQC ?QQMAG?RCB
    FWNML?RPCKG?,CB2AG2NMPRQ$VCPA?SRFMPPCNJW
     /?QAMC## "MQRGJJ#+ %GLI6) CR?J&JWAMECLPCQWLRFCQGQGLQICJCR?JKSQAJCDMJJMUGLEPCQGQRGTCCVCPAGQC,CB2AG
    2NMPRQ$VCPAZ
     /CRCPQ $,  &MCRXQAFC ),  &PM@@CJ??P !  CR ?J 5GR?KGL " QSNNJCKCLR?RGML PCBSACQ RFC GLAGBCLAC MD NMQRP?AC
    QWKNRMKQMDSNNCP PCQNGP?RMPW RP?ARGLDCARGMLGLSJRP?K?P?RFMLPSLLCPQ K)"JGL-SRPZ
     /CRCPQ $,  LBCPQML 1  3FCPML ) RRCLS?RGML MD GLAPC?QC GL AGPASJ?RGLE AMPRGQMJ ?LB CLF?LACKCLR MD RFC ?ASRC
    NF?QCNPMRCGLPCQNMLQCGLTGR?KGL" QSNNJCKCLRCBSJRP?K?P?RFMLCPQ(LR)2NMPRQ,CBZ
     /FGLLCW2#*CRMECLGABGCRQ?LBNFWQGA?JNCPDMPK?LAC-SRP,CR?@+MLB 
     1?H?P?K2 6C?TCP", +WJC1, CR?J$DDCARQMDJMLE RCPKKMBCP?RCCVCPAGQCMLGPMLQR?RSQGLWMSLEUMKCL,CB
    2AG2NMPRQ$VCPAZ
     1?QKSQQCL!! 3GNRML*# ,GJJCP2+ CR?J LMP?JCQQCLRG?J?KGLM?AGBZA?P@MFWBP?RCQSNNJCKCLRCLF?LACQKSQAJC
    NPMRCGL?L?@MJGQK?DRCPPCQGQR?LACCVCPAGQC) NNJ/FWQGMJZ
     1?R?KCQQ -  *P?CKCP 6)  5MJCI )2  CR ?J 3FC CDDCARQ MD ?KGLM ?AGB QSNNJCKCLR?RGML ML KSQASJ?P NCPDMPK?LAC
    BSPGLEPCQGQR?LACRP?GLGLEMTCPPC?AFGLE)2RPCLERF"MLB1CQZ
     1M@CPEQ 1  /C?PQML #1  "MQRGJJ #+  CR ?J ,SQAJC EJWAMECLMJWQGQ BSPGLE BGDDCPGLE GLRCLQGRGCQ MD UCGEFR PCQGQR?LAC
    CVCPAGQC) NNJ/FWQGMJZ
     2?SLBCPQ ,)  *?LC ,#  3MBB ,* $DDCARQ MD ? A?P@MFWBP?RCZ NPMRCGL @CTCP?EC ML AWAJGLE CLBSP?LAC ?LB KSQAJC
    B?K?EC,CB2AG2NMPRQ$VCPAZ
     2AF?@MPR $)  !MQAF -  6CJR?L 2,  CR ?J 3FC CDDCAR MD ? NPCCVCPAGQC KC?J ML RGKC RM D?RGESC BSPGLE NPMJMLECB
    AWAJGLECVCPAGQC,CB2AG2NMPRQ$VCPAZ
     2CL"*.VGB?LRQ?LB?LRGMVGB?LRQGLCVCPAGQC) NNJ/FWQGMJZ
     2FCPK?L 6 "?P@MFWBP?RCQ  KSQAJC EJWAMECL  ?LB KSQAJC EJWAMECL QSNCP AMKNCLQ?RGML (L 6GJJG?KQ ,  CB
    $PEMECLGA GBQGL2NMPRQ"F?KN?ELC (+'SK?L*GLCRGAQ Z
     2FCPK?L6, "MQRGJJ#+ %GLI6) CR?J$DDCARMDCVCPAGQC BGCRK?LGNSJ?RGMLMLKSQAJCEJWAMECL?LBGRQQS@QCOSCLR
    SRGJGX?RGMLBSPGLENCPDMPK?LAC(LR)2NMPRQ,CBZ
     2FCPK?L 6,  "MQRGJJ #+  %GLI 6)  CR ?J $DDCAR MD ?  IK DMMRP?AC ?LB QS@QCOSCLR PCQR MP CVCPAGQC ML KSQAJC
    EJWAMECL?LBCLXWKCQ) NNJ/FWQGMJZ
     2FGJQ ,  .JQML )  2FGIC ,  CR ?J ,MBCPL -SRPGRGML GL 'C?JRF ?LB #GQC?QC +GNNGLAMRR 6GJJG?KQ  6GJJG?KQ
    !?JRGKMPC ,# 
     2FGPPCDDQ2,  PKQRPMLE+$ "FCSTPMLR2-%JSGB?LBCJCARPMJWRCLCCBQDMPNPCN?P?RGML?LBPCAMTCPWDPMKRP?GLGLE
    ?LBAMKNCRGRGML)2NMPRQ2AGZ
     2N?PIQ ,)  2CJGE 22  %C@@P?GM ,  /PC CVCPAGQC A?P@MFWBP?RC GLECQRGML $DDCAR MD RFC EJWACKGA GLBCV ML CLBSP?LAC
    CVCPAGQCNCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     2NPGCR++1CESJ?RGMLMDQS@QRP?RCSQCBSPGLERFCK?P?RFML2NMPRQ,CBZ
     2RP?I ,?B?P9.JGTCMGJ?Q?DSLARGML?JDMMB$NGBCKGMJMEW?LBLSRPGRGML?J?NNPM?AFCQ-SRP1CTZ
    
     2U?I?, -M?ICQ8#MCQBCFWBP?RGMLGKN?GPCBCVCPAGQCNCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     3FMK?Q#$ !PMRFCPFMMB)1 !P?LB)""?P@MFWBP?RCDCCBGLE@CDMPCCVCPAGQC$DDCARMDEJWACKGAGLBCV(LR)2NMPRQ
    ,CBZ
     3GNRML*# 1?QKSQQCL!! ,GJJCP2+ CR?J3GKGLEMD?KGLM?AGBZA?P@MFWBP?RCGLECQRGML?JRCPQ?L?@MJGAPCQNMLQCMD
    KSQAJCRMPCQGQR?LACCVCPAGQC K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     3GNRML*# 6MJDC11/PMRCGL?LB?KGLM?AGBQDMP?RFJCRCQ)2NMPRQ2AGZ
     3P?LMNMJQIW,/PMRCGL,CR?@MJGQK 2RPCLERF ?LB$LBSP?LAC ARGTGRGCQ(L+?K@#+ ,SPPW1 CBQ3FC,CR?@MJGA
    @?QGQMD/CPDMPK?LAC?LB$VCPAGQC"?PKCJ (-"MMNCP/S@JGQFGLE Z
     5?L&?KKCPCL#5GR?KGLQ?LBKGLCP?JQ(L LRMLGM) *?JK?L# 2RMSR) &PCCLUMMB,6GJJMSEF@W# '?DD&&
    CBQ$QQCLRG?JQMD2NMPRQ-SRPGRGML?LB2SNNJCKCLRQ3MRMU? -)'SK?L?/PCQQ 
     T?L+MML+) 2?PGQ6' 5CPF?ECL' CR?J/J?QK?GLQSJGLPCQNMLQCQ?DRCPGLECQRGMLMDBGDDCPCLR?KGLM?AGBMPNPMRCGL
    KGVRSPCQUGRFA?P@MFWBP?RC K)"JGL-SRPZ
     5GLACLRC 1MBPGESCX&'MUBMCQCVCPAGQCMDRFC@MLCBCTCJMNKCLRBSPGLEEPMURF2NMPRQ,CBZ
     5MJCI)2(L¥SCLACMDLSRPGRGMLMLPCQNMLQCQRMPCQGQR?LACRP?GLGLE,CB2AG2NMPRQ$VCPAZ
     5MJCI )2  /FGLLCW 2#  %MPQWRFC "$  CR ?J "?P@MFWBP?RC PCQRPGARGML F?Q ? KMPC D?TMP?@JC GKN?AR ML RFC KCR?@MJGA
    QWLBPMKCRF?L?JMUD?RBGCR+GNGBQ Z
     5MJCI )2  2F?PK?L ,)  %MPQWRFC "$ ,MBG¤A?RGML MD JGNMNPMRCGLQ @W TCPW JMU A?P@MFWBP?RC BGCRQ ) -SRP
    Z
     6?JRML/ 1FMBCQ$"&JWA?CKGAGLBCV?LBMNRGK?JNCPDMPK?LAC2NMPRQ,CBZ
     6C?TCP", 1?H?P?K2$VCPAGQC?LBGPMLQR?RSQ)-SRPZ
     6CC2+ 6GJJG?KQ" &P?W2 CR?J(L¥SCLACMDFGEF?LBJMUEJWACKGAGLBCVKC?JQMLCLBSP?LACPSLLGLEA?N?AGRW
    ,CB2AG2NMPRQ$VCPAZ
     6FGRLCW$ 1MJDCQ24LBCPQR?LBGLE-SRPGRGMLRFCB3FMKNQML6?BQUMPRF !CJKMLR " 
     6GLLGAI)) #?TGQ), 6CJQF12 CR?J"?P@MFWBP?RCDCCBGLEQBSPGLERC?KQNMPRCVCPAGQCNPCQCPTCNFWQGA?J?LB"-2
    DSLARGML,CB2AG2NMPRQ$VCPAZ
     6MJDC11$DDCARQMD?KGLM?AGBGLR?ICML?L?@MJGANPMACQQCQ"?L) NNJ/FWQGMJ2SNNJ 2Z2


    
    J 2?PP?H3 2??BG' "?JJC," CR?J"?P@MFWBP?RCPCQRPGARGML ?Q?¤PQR JGLCBGCR?PWGLRCPTCLRGML CDDCARGTCJWPCBSACQ@GMK?PICPQMD
    KCR?@MJGAQWLBPMKCGLCKGP?RG?BSJRQ)-SRP Z
    "MQRGJJ#+"?P@MFWBP?RCDMP?RFJCRGARP?GLGLE?LBNCPDMPK?LAC!MJ QMA,CB/1 Z
    "MQRGJJ#+ '?PEPC?TCQ,"?P@MFWBP?RCLSRPGRGML?LBD?RGESC2NMPRQ,CB Z
    '?R¤CJB #+  *P?CKCP 6)  5MJCI )2  CR ?J 3FC CDDCARQ MD A?P@MFWBP?RC JM?BGLE ML PCNCRGRGTC HSKN QOS?R NMUCP NCPDMPK?LAC )
    2RPCLERF"MLB1CQ Z
    *P?CKCP 6)  5MJCI )2  !SQF )  CR ?J 'MPKML?J PCQNMLQCQ RM AMLQCASRGTC B?WQ MD FC?TW PCQGQR?LAC CVCPAGQC UGRF MP UGRFMSR
    LSRPGRGML?JQSNNJCKCLR?RGML) NNJ/FWQGMJ Z
    2?JJGLCL) /?I?PGLCL %MECJFMJK, CR?J#GCR?PWGLR?IC QCPSKFMPKMLCQ KSQAJCK?QQ?LBQRPCLERFBSPGLEQRPCLERFRP?GLGLEGL
    Z WC?P MJBKCL(LR)2NMPRQ,CB Z
    5MJCI)2 %MPQWRFC"$ *P?CKCP6)-SRPGRGML?J?QNCARQMDUMKCLQRPCLERF?RFJCRCQ!P)2NMPRQ,CB Z
    5MJCI)2 *P?CKCP6) !SQF) CR?J3CQRMQRCPMLC?LBAMPRGQMJGLPCJ?RGMLQFGNRMBGCR?PWLSRPGCLRQ?LBPCQGQR?LACCVCPAGQC) NNJ
    /FWQGMJ Z
    5MJCI)2 /FGLLCW2# %MPQWRFC"$ CR?J"?P@MFWBP?RCPCQRPGARGMLF?Q?KMPCD?TMP?@JCGKN?ARMLRFCKCR?@MJGAQWLBPMKCRF?L?
    JMUD?RBGCR+GNGBQ Z
    5MJCI)2 2F?PK?L,) +MTC#, CR?J!MBWAMKNMQGRGML?LBFMPKML?JPCQNMLQCQRM?A?P@MFWBP?RC PCQRPGARCBBGCR,CR?@MJGQK
     Z
    5MJCI)2 5?LFCCQR)+ %MPQWRFC"$#GCR?LBCVCPAGQCDMPUCGEFRJMQQ PCTGCUMDASPPCLRGQQSCQ2NMPRQ,CB Z
    6CQRK?L$" %CGLK?L1# ,?TPMNMSJMQ)" CR?J+MU A?P@MFWBP?RCLSRPGRGML?LBKCR?@MJGQK K)"JGL-SRP Z
    
    6MMB1) %CPL?LBCX,+ 2F?PK?L,) CR?J$DDCARQMD?A?P@MFWBP?RC PCQRPGARCBBGCRUGRF?LBUGRFMSRQSNNJCKCLR?JQMJS@JC¤@CP
    MLNJ?QK?JMU BCLQGRWJGNMNPMRCGLAFMJCQRCPMJ?LBMRFCPAJGLGA?JK?PICPQMDA?PBGMT?QASJ?PPGQI,CR?@MJGQK Z
    6MMB 1)  5MJCI )2  +GS 8  CR ?J "?P@MFWBP?RC PCQRPGARGML ?JRCPQ JGNMNPMRCGL KCR?@MJGQK @W KMBGDWGLE 5+#+  +#+  ?LB '#+
    QS@DP?ARGMLBGQRPG@SRGML?LBQGXCGLMTCPUCGEFRKCL)-SRP Z

    .+
    !PMXCI) *CWQ !MBWKC?QSPCKCLRQ?LBRFCCT?JS?RGMLMDFSK?LLSRPGRGML-SRP1CT Z
    "MQRGJJ #+  "MR 1  ,GJJCP $  CR ?J 6?RCP ?LB CJCARPMJWRC PCNJ?ACKCLR BSPGLE PCNC?RCB B?WQ MD UMPI GL RFC FC?R TG?R 2N?AC
    $LTGPML,CB Z
    "MQRGJJ #+  2FCPK?L 6,  %GLI 6)  CR ?J 3FC PMJC MD BGCR?PW A?P@MFWBP?RCQ GL KSQAJC EJWAMECL PCQWLRFCQGQ ?DRCP QRPCLSMSQ
    PSLLGLE K)"JGL-SRP Z
    *CWQ $LCPEWPCOSGPCKCLRQMD?BSJRQ) K,CB QQMA Z
    *GPU?L)/ "MQRGJJ#+ ,GRAFCJJ)! CR?J"?P@MFWBP?RC@?J?LACGLAMKNCRGRGTCPSLLCPQBSPGLEQSAACQQGTCB?WQMDGLRCLQCRP?GLGLE)
    NNJ/FWQGMJ Z
    -CSDCP/# "MQRGJJ#+ %JWLL,& CR?J(KNPMTCKCLRQGLCVCPAGQCNCPDMPK?LAC$DDCARQMDA?P@MFWBP?RCDCCBGLEQ?LBBGCR) NNJ
    /FWQGMJ Z
    2FCPK?L6, "MQRGJJ#+ %GLI6) CR?J$DDCARMDCVCPAGQC BGCRK?LGNSJ?RGMLMLKSQAJCEJWAMECL?LBGRQQS@QCOSCLRSRGJGX?RGML
    BSPGLENCPDMPK?LAC(LR)2NMPRQ,CB Z
    2FCPK?L6, /JWJCW,) 2F?PN1+ CR?J,SQAJCEJWAMECLQRMP?EC?LBGRQPCJ?RGMLQFGNUGRFU?RCP(LR)2NMPRQ,CB Z
    
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      &>?HNCV=;L;M@OH‹™?M;H;N–GC=;M?VMCIF•AC=;M>IMFKOC>IM??F?NL•FCNIMHI=ILJI
      "RJILIM?@?CNIM>;M=IH=?HNL;‹™?M?R=?MMCP;M?>?V=C?HN?M>?FKOC>IM??F?NL•FCNIMHI=ILJI??RJFC=;L
    =IGI?PCN;L?MM;MMCNO;‹™?M
      !?M=L?P?L ;M JL†NC=;M >I =IHMOGI ​C>?;F >? FKOC>IM ? ?F?NL•FCNIM =IG I I<D?NCPI >? G?FBIL;L I
    >?M?GJ?HBI
      "RJFC=;L I KO? MŠI ?F?NL•FCNIM
     KO;CM @OH‹™?M >?M?GJ?HB;G ? ?R?GJFCV=;L IM JLI=?MMIM JLCG†LCIM J?FIM
    KO;CM?F?M@OH=CIH;G
      "RJIL=IGI;;NCPC>;>?@MC=;JLIP;P?FG?HN?;@?N;I?KOCF<LCI?;@OH‹ŠI?F?NLIFNC=;
      "RJFC=CN;L =IGI I=ILL? ; >?MC>L;N;‹ŠI
     IM MCMN?G;M KO? ;=IG?N?G ? IM @;NIL?M KO? ;@?N;G ; N;R; ? ;
    ?RN?HMŠIH;KO;F;>?MC>L;N;‹ŠII=ILL?
      /?=IHB?=?L;M?MNL;NŒAC;M​C>?;CM>?;P;FC;‹ŠI>I?KOCF<LCIBC>L?F?NLIFNC=I
      !?M=L?P?L;BCJIH;NL?GC;
    =IGII=ILL??M?OMJLIP†P?CM?@?CNIM=IF;N?L;CML?MOFN;HN?M
      LC;LOGJF;HI>?BC>L;N;‹ŠI
    ?RJFC=;LJILKO??MM?MJF;HIMMŠICGJILN;HN?M?C>?HNCV=;LIM=IGJIH?HN?M
    H?=?MM†LCIM>?OGJF;HI>?BC>L;N;‹ŠI=IGJF?NI

    $ ; *;L;NIH; >? IMNIH >? 


     F<?LNI 0;F;T;L >?LLINIO JIL JIO=I !C=E ?;L>MF?S
    ?G OG MJLCHN ;NŒ I VH;F >; =ILLC>;  .O;M? CG?>C;N;G?HN? ;J•M =LOT;L ; FCHB; >?
    =B?A;>;
     0;F;T;L MI@L?O OG =IF;JMI ? @IC F?P;>I ;I >?J;LN;G?HNI GŒ>C=I
     IH>? FB?
    ;>GCHCMNL;L;GF& 3 >?†AO;J;L;L?JIL;†AO;J?L>C>;HIMOILJLI@OMI;IFIHAI>?NI>;
    ; =ILLC>; >?  EG  -;L; G;HN?L I LCNGI KO? ;=L?>CN;P; M?L H?=?MM†LCI J;L; P?H=?L ;
    =IGJ?NC‹ŠI
     0;F;T;L ?PCNIO CHA?LCL FKOC>IM >OL;HN? IM šFNCGIM  EG >; =ILLC>;  "MM;
    >?=CMŠI >? HŠI CHA?LCL FKOC>I
     ?G =IHDOHNI =IG ; ?F?P;>MMCG; N;R; >? MO>IL?M?
     I
    >?CRIO J?LCAIM;G?HN? >?MC>L;N;>I ;I VH;F >I KO? V=IO =IHB?=C>I =IGI U>O?FI MI< I
    MIF[ +;P?L>;>?
    ?MM;;HILG;F?F?P;‹ŠI>;N;R;>?MO>IL?M?>?0;F;T;L=?L=;>?F BX
    =;OMIO FB? >?MC>L;N;‹™?M NŠI AL;P?M ?G IONL;M =ILLC>;M >? >CMN‡H=C; KO? I @?T M?
    ;JLIRCG;L>;GILN?CH=FOMCP?
    OGJ;>L?=B?AIO;F?LIMLCNO;CM>?J;MM;A?GJ;L;?F??G
    G;CM>?OG;I=;MCŠI "MM?MCH=C>?HN?M?PC>?H=C;GIMJLI<F?G;M>?M;š​>?=;OM;>IMJ?F;
    >?MC>L;N;‹ŠI>OL;HN?I>?M?GJ?HBI?MJILNCPI
    ŠES?CMQCJCRP™JGRMQQŽMCQQCLAG?GQN?P??K?LSRCLŽMB?TGB? ŠES?AMKNPCCLBCACPA?BCB?K?QQ?AMPNMP?JBM
    ?BSJRM MOSC?RMPL??QS@QR‹LAG?K?GQ?@SLB?LRCLMAMPNMFSK?LM$JCRP™JGRMQ AMKMQ™BGMCAJMPM QŽMDSLB?KCLR?GQ
    N?P? KSGR?Q DSLCQ AMPNMP?GQ  ?JK BC APG?PCK ? DMP? LCACQQŠPG? N?P? K?LRCP ? ŠES? LMQ AMKN?PRGKCLRMQ ACJSJ?P C
    CVRP?ACJSJ?PCN?P?KMTGKCLRŠ J?BCSKJ?BM?MSRPMB?KCK@P?L?B?QAJSJ?Q 45C94B1D1kj? MSNCPB?BCŠES?AMPNMP?J
    NMBC ?A?PPCR?P BCAJ”LGM BMQ BCQCKNCLFMQ ?CP™@GM C ?L?CP™@GM #? KCQK? K?LCGP?  ? BGKGLSGŽM BM AMLRCž​BM BC
    CJCRP™JGRMQ R?K@K NMBC NPCHSBGA?P M BCQCKNCLFM D”QGAM /MP GQQM  K?LRCP ? FGBP?R?ŽM C MQ CJCRP™JGRMQ LM AMPNM 
    LCACQQŠPGM LŽM ?NCL?Q N?P? M DSLAGML?KCLRM LMPK?J BM AMPNM  K?Q R?K@K N?P? M BCQCKNCLFM D”QGAM ​GBC?J -CQRC
    A?N”RSJM CVNJMP?KMQMQ?QNCARMQB?K?LSRCLŽMB?FGBP?R?ŽMCBMQCJCRP™JGRMQLMAMPNM

    \6D0I%=DCA84=C4=46;864=2803>

    ŠES?K?GQGKNMPR?LRCN?P??TGB?BMOSCOS?JOSCPMSRPMLSRPGCLRC QNCQQM?QNPCAGQ?KBCK?GQŠES?NMPBG?BMOSCBC
    OS?JOSCPMSRPMLSRPGCLRC CAMLQCESCKQM@PCTGTCP?NCL?Q?JESLQBG?QQCKCJ?$KAMLRP?N?PRGB? ?BC¤AG‘L^G?BMQMSRPMQ
    LSRPGCLRCQ GLAJSQGTCBCA?P@MGBP?RM EMPBSP?CNPMRC”​L? NMBCJCT?PQCK?L?Q KCQCQC?RKCQKM?LMQLMA?QMBC?JESK?Q
    TGR?KGL?QCKGLCP?GQ ?LRCQBCNPMBSXGPQGLRMK?QTGQ”TCGQ
    $KAMLDMPKGB?BCAMKMOSCDMGM@QCPT?BM?LRCPGMPKCLRC CK@MP??ŠES?AMLQRGRS?CKKBG?BMNCQMAMPNMP?J ?
    AMKNMQGŽMBMAMPNMCVCPACGL​¥S‘L^G?QQM@PC?NMPACLR?ECKCV?R?BCŠES?LMAMPNM ŠES?AMKNPCCLBCACPA?BC
    BM NCQM RC​AG​BS?J K?EPM C ?NCL?Q  MS KCLMQ BM NCQM RC​AG​BS?J EMPBM #CQQC KMBM  ? NMPACLR?ECK K?GMP BC RCAGBM
    K?EPMCK?GQ@?GV?BCRCAGBM?BGNMQMPCQSJR?CKNPMNMPŽMK?GQ?JR?BMNCQMB?ŠES?CKRMBMMAMPNM&CP?JKCLRC GQQM
    NPMBSXSKNCPACLRS?JKCLMPBCNCQMB?ŠES?CKKSJFCPCQ GL​BG​T”​BSMQM@CQMQCGBMQMQBCTGBM?MNCPACLRS?JK?GQ@?GVMBC
    RCAGBMK?EPMCK?GQ?JRMBCRCAGBM?BGNMQM
    #? NCPQNCARGT? BM BCQCKNCLFM D”QGAM  ? OS?LRGB?BC BC ŠES? ?BCOS?B? LM AMPNM  TGR?J ,CQKM NCOSCLMQ EP?SQ BC
    BCQGBP?R?ŽM MS NCPB? F”BPGA? QŽM A?N?XCQ BC A?SQ?P BCAJ”LGMQ LM BCQCKNCLFM D”QGAM /MP CVCKNJM  M BCQCKNCLFM BC
    ,5+<9(5*,  C B?Q F?@GJGB?BCQ BM @?QOSCRC@MJ QŽM AMKNPMKCRGBMQ AMK ? PCBSŽM BC RŽM NMSAM OS?LRM  BM NCQM
    AMPNMP?J BCAMPPCLRC B? NCPB? F”BPGA? QQGK  ? K?LSRCLŽM B? FGBP?R?ŽM LMPK?J C ? NPCTCLŽM BC EP?LBCQ EP?SQ BC
    BCQGBP?R?ŽMQŽMAMLQGBCP?CQGKNMPR?LRCQN?P??K?LSRCLŽMBMBCQCKNCLFMD”QGAM​GBC?J%GESP? 
    86DA0 =64BCr>7w3A82044G4A2w28>?<?L†AO;;HN?M
    >OL;HN??>?JICM>I?R?L==CIŒCGJILN;HN?J;L;G;HN?L
    ;BC>L;N;‹ŠI?L?JILIMFKOC>IMJ?L>C>IM +I?HN;HNI
    ŒJL?=CMIN?L=OC>;>IJ;L;HŠICHA?LCLGOCN;†AO;
    IKO?JI>?
    F?P;L‰BCJ?LPIF?GC;
    OG;=IH>C‹ŠIGŒ>C=;AL;P?=;L;=N?LCT;>;J?F;KO;HNC>;>??R=?MMCP;>?FKOC>IHIM;HAO?
    KO?
    >CFOC IM ?F?NL•FCNIM  M =ILLC>;M >? FIHA; >OL;‹ŠI
     GOCN;M P?T?M
     JI>?G @;T?L =IG KO? ;M J?MMI;M <?<;G GOCN;
    †AO; rCGJILN;HN?L?JILIMFKOC>IMJ?L>C>IM 3?LL?@?LH=C; 

    >A@CEt?4:252s8F2?@4@CA@
    "MKM ? ŠES? AMKNC SK? ?JR? NMPACLR?ECK BM NCQM AMPNMP?J RMR?J  NMBC QC BCBSXGP OSC ​?RS? CK KSGR?Q DSLCQ
    GKNMPR?LRCQLMAMPNM MOSCBCD?RM?AMLRCAC ŠES?MJ”OSGBMLMOS?JMAMPPCMNPMACQQMB?TGB? JESK?QDSLCQB?
    ŠES?LMAMPNMQŽM@?QR?LRC™@TG?Q CLOS?LRMMSRP?QLŽMMQŽM QCESGP ?JESK?QBCJ?Q

    %MPK??N?PRCJ”OSGB?BMQ?LESCOSCRP?LQNMPR?LSRPGCLRCQ NPMBSRMQPCQGBS?GQ MVGE‘LGMCAJSJ?QGKSLMJ™EGA?QNCJM


    AMPNM
    ,?LRKMTMJSKCQ?LES”​LCM
    /?PRGAGN?BCKSGR?QPC?CQKCR?@™JGA?Q"?N”RSJM
    RS?AMKMQMJTCLRCN?P?NPMRC”​L?Q EJGAMQC TGR?KGL?Q KGLCP?GQCKSGR?QMSRP?QKMJASJ?QNCOSCL?Q NCPKGRGLBMOSC
    N?PRGAGNCKB?QPC?CQKCR?@™JGA?Q
    "MLQRGRSG?N?PRCJ”OSGB?BMQSMP MOS?JLCACQQŠPGMN?P??K?LSRCLŽMB?RCKNCP?RSP?AMPNMP?JLMPK?J
    +CT?MA?JMPB?QNMPCQGLRCPL?QBMAMPNMN?P??QSNCPD”AGCB?NCJC MOSCGKNPCQAGLB”TCJN?P??AMLQCPT?ŽMB?
    RCKNCP?RSP?AMPNMP?JLMPK?J
    vMAMKNMLCLRCNPGLAGN?JBMJS@PG¤A?LRCB?Q?PoGASJ?CQ
    vMAMLQRGRSGLRCK?GQGKNMPR?LRCBMJ”OSGBMACPC@PMQNGL?JCBMFSKMPT”RPCM
    #SP?LRC?EP?TGBCX MNPGLAGN?JAMKNMLCLRCBMJ”OSGBM?KLG™​RGAMBCLRPMBMžRCPM

    )Š OSC ? ŠES? CVCPAC R?LR?Q DSLCQ GKNMPR?LRCQ LM AMPNM   CQQCLAG?J K?LRCP M 5AE9<o2B9? 8o4B93? ?BCOS?BM  M OS?J
    AMLQRGRSGMCOSGJ”@PGMCLRPC?NCPB?C?GLECQRŽMF”BPGA?

    BF:={3C:@9{5C:4@
    ŠES?JCT?B?N?P?MGLRCPGMPBMAMPNML?DMPK?LŽM?NCL?QJ”OSGB? AMKMLMJCGRC QSAMQBCDPSR?CŠES?NPMNPG?KCLRC
    BGR? K?QR?K@KLMQ?JGKCLRMQ/MPCVCKNJM ?JGKCLRMQAMKMA?K?PŽM @?L?L? KGJFMC@?R?R??NPCQCLR?K?BC
    ŠES? .SRPMQ ?JGKCLRMQ AMLR‘K NMPACLR?ECLQ KCLMPCQ  NGXX?  NMP CVCKNJM  RCK  ?  BC ŠES?  CLOS?LRM MQ
    @GQAMGRMQ C ACPC?GQ ?NPCQCLR?K T?JMPCQ CLRPC  C  .SRP? DMLRC BC NCOSCL?Q OS?LRGB?BCQ BC ŠES? QSPEC B?Q PC?CQ
    KCR?@™JGA?Q ?AF?K?B?g7E1=5D12s<931"?N”RSJM  BCRCPKGL?ŽMB?OS?LRGB?BCBCŠES?OSCBCTCQCPGLECPGB?RMBMQ
    MQ BG?Q  BGD”AGJ  NMGQ NMBC T?PG?P BC K?LCGP? BPŠQRGA? BC ?AMPBM AMK ? OS?LRGB?BC BC CVCPA”AGM D”QGAM PC?​JG​X?BM  AMK ?
    RCKNCP?RSP?CSKGB?BCBM?K@GCLRC-MCLR?LRM BCTGBM?QQMAG?ŽMB?NCPB?F”BPGA??RGTGB?BCD”QGA? MQCQNCAG?JGQR?Q
    PCAMKCLB?KOSC?GLECQRŽMCQRCH?AMPPCJ?AGML?B?AMKME?QRMCLCPERGAMBGŠ​PGM!MVC 

    ,4&  <


    16/-;<c7,-`/=):-+75-6,),)-;<`:-4)+176),)+75))<1>1,),-
    5-<)*l41+)
    #CTGBM  PCJ?ŽM CLRPC NCPB? F”BPGA? C ?RGTGB?BC D”QGA?  ? GLECQRŽM PCAMKCLB?B? BC ŠES? @?QCG? QC LM E?QRM BC
    CLCPEG? QQGK ?GLECQRŽM?BCOS?B? ( BCŠES?NMBCQCPA?JASJ?B?QCME?QRMCLCPERGAMRMR?JDMPAMLFCAGBM

    :31?@d;-01=A-0-01b3A-
    /?P??BSJRMQ? KGJGJGRPMBCŠES?NMPOSGJMA?JMPG?E?QR?
    /?P??RJCR?Q KGJGJGRPMBCŠES?NMPOSGJMA?JMPG?E?QR? ? KGJGJGRPMQNMPOSGJMHMSJCE?QRM 
    (LECQRŽMRMR?JBCŠES?PCAMKCLB?B?N?P?SK?RJCR?OSCKCR?@MJGX?OSGJMA?JMPG?QNMPBG?
    OSGJMA?JMPG?Qn? KlBCŠES? ?KlMS ? l BCGLECQRŽMRMR?JBGŠ​PG?BCRMB?Q?Q
    DMLRCQ?JGKCLRMQ
    CJ”OSGBMQ 
    .SAMLTCPR?JGRPMQCKOS?PRMQ[
    l 
     ? ln OS?PRMl ? OS?PRMQ


    +CK@PC QCBCAMKNSR?P?NPMTŠTCJAMLRPG@SGŽMBC?NPMVGK?B?KCLRCB?QDMLRCQQ?LES”​LC?Q
    [
    OS?PRM l

    .AMPNMNCPBCŠES?L?NPMNMPŽM?NPMVGK?B?BC lNMPBG?&P?LBCN?PRCBCQQ?NCPB?MAMPPCNCJ?SPGL? OSCCJGKGL?


    NPMBSRMQPCQGBS?GQCKCR?@™JGAMQ3?@CJ? 4K?OS?LRGB?BCQGELG¤A?RGT?BCŠES?R?K@KNCPBGB?L?DMPK?BCQSMP
    NCJ?Q65J5C PC​Q”​BSMQQ™JGBMQCVAPCR?BMQNCJMRP?RME?QRPGLRCQRGL?JCNCJMOSCAF?K?BMBC@5B418o4B9319>C5>CoF5<0,
    ? ŠES? CT?NMP?B? BM RP?RM PCQNGP?R™PGM C ? ŠES? OSC AML​RG​LS?KCLRC QC BGDSLBC N?P? ? QSNCPD”AGC B? NCJC KCQKM QM@
    AMLBGCQ BC LŽM QSBMPCQC  "MK M CVCPA”AGM  ? NCPB? F”BPGA?  A?SQ?B?  QM@PCRSBM  NCJM QSMP  ASHM M@HCRGTM  PCQDPG?P M
    AMPNM
    /?P?K?LRCP?FGBP?R?ŽMLMPK?J ?GLECQRŽMF”BPGA?RMR?JNPCAGQ?AMPPCQNMLBCPNCPB?F”BPGA?RMR?J2C?GLECQRŽMBC
    ŠES?DMPK?GMPOSC?NCPB? ?KGAŽMQCGLRCLQG¤A??¤KBCAMLQCPT?P?FGBP?R?ŽMLMPK?J+MEM N?P?K?LRCPML”TCJBC
    FGBP?R?ŽMLMPK?J MS?5E94B1D1kj? ?GLECQRŽMBCŠES?BCTCQCPGES?JNCPB?LM!MVC AMLQSJRC?BCRCPKGL?ŽMBM
    CQR?BM BC FGBP?R?ŽM  "MLFCACP ? R?V? BC QSBMPCQC BC SK? NCQQM? R?K@K DMPLCAC GLDMPK?CQ NPŠRGA?Q GKNMPR?LRCQ
    QM@PC?OS?LRGB?BCBCŠES?OSCCJ?NPCAGQ?@C@CP!MVC -CKRMB?Q?QR?V?QBCQSBMPCQCBMQGL​BG​T”​BSMQQŽM?QKCQK?Q
    NMPR?LRM A?B?NCQQM?NPCAGQ?A?JASJ?P?QS?NP™NPG??QR?V?QBCQSBMPCQCLMPK?GQBSP?LRCMCVCPA”AGMT?PG?KBC ? 
    lãKGLZ  2C ? GLECQRŽM F”BPGA? LŽM DMP GES?J  NCPB?  MAMPPC ? 89@?894B1D1kj?  MS NCPB? BC ŠES?  OSC PCQSJR? CK
    BCQGBP?R?ŽM C  NMQQGTCJKCLRC  BCAJ”LGM BM BCQCKNCLFM D”QGAM -?Q QCCQ QCESGLRCQ  CVNJMP?KMQ MQ TŠPGMQ D?RMPCQ
    PCJ?AGML?BMQAMKMKMTGKCLRMBCŠES?LMAMPNMCK?LSRCLŽMB?FGBP?R?ŽMLMPK?J

    '-.18-#1>0-4h0>5/-
    5:31?@d;4h0>5/-@h<5/-

    &4A3034o6D0 #8;8;8CA>B =64BCr>34o6D0 #8;8;8CA>B

    4PGL? ? +”OSGBMQ ?


    2SMP ?AMKCVCPA”AGM JGKCLRMQ ?
    %CXCQ  pES?KCR?@™JGA? ?
    /CPQNGP?ŽMGLQCLQ”TCJ 
    3MR?JNMPBG? ? 3MR?JNMPBG? ?

    ;4CA{;8C>B

    Q QS@QR‹LAG?Q BGQQMJTGB?Q L? ŠES? BM AMPNM CQRŽM GLRGK?KCLRC JGE?B?Q  K?LSRCLŽM B? FGBP?R?ŽM C ?M AMLRPMJC BM
    KMTGKCLRM F”BPGAM LM AMPNM  BGQRPG@SGŽM B? ŠES? LŽM  SLGDMPKC CLRPC MQ RCAGBMQ AMPNMP?GQ  C N?P? AMLQCPTŠ J? LMQ
    RCAGBMQ MLBC  LCACQQŠPG? C AMLRPMJ?P M KMTGKCLRM F”BPGAM N?P? CQQCQ RCAGBMQ  ?Q AJSJ?Q NPCAGQ?K RCP ? A?N?AGB?BC BC
    PCESJ?PMKMTGKCLRMBMQCJCRP™JGRMQ.OSCSKCJCRP™JGRM0S?LBMSKQ?JKGLCP?J AMKMMAJMPCRMBCQ™BGM-?"J QC
    BGQQMJTCCKŠES? CJCQCBGQQMAG?CKKMJASJ?QA?PPCE?B?Q OSCQŽMAF?K?B?QBCo?​>C-MA?QMBM-?"J MPCQSJR?BMSK
    ”M​L-? A?PPCE?BMNMQGRGT?KCLRCCSK"JZA?PPCE?BMLCE?RGT?KCLRC.Q”M​LQBCA?PE?NMQGRGT?QŽMAF?K?BMQBC3gD9?>CC
    MQ BC A?PE? LCE?RGT? QŽM BCLMKGL?BMQ h>9?>C  ŠES? NSP? LŽM ?NPCQCLR? @M? AMLBSŽM BC AMPPCLRC CJRPGA?  K?Q  QC
    FMSTCP”M​LQBGQQMJTGBMQLCJ? ?CJCRPGAGB?BCAMLBSXGB?AMKD?AGJGB?BC QQGK MQQ?GQKGLCP?GQOSCQCBGQQMJTCKCKŠES?C
    NPMBSXCK ”M​LQ QŽM AF?K?BMQ BC 5<5DBs<9D?C $K TGPRSBC BC QS?Q A?PE?Q CJRPGA?Q  MQ CJCRP™JGRMQ QŽM CQQCLAG?GQ N?P? M
    DSLAGML?KCLRM?BCOS?BMBMQRCAGBMQCVAGRŠTCGQ AMKMMQLCSPšLGMQC?Q¤@P?Qh SQASJ?mCQ
    Q KCK@P?L?Q ACJSJ?PCQ QŽM QCJCRGT?KCLRC NCPKCŠ​TCGQ  M OSC OSCP BGXCP OSC ? KCK@P?L? NCPKGRC ? N?QQ?ECK BC
    ?JESK?Q KMJASJ?Q  K?Q LŽM BC MSRP?Q  C AMLRPMJ? M KMTGKCLRM BCQQ?Q KMJASJ?Q JESLQ CJCRP™JGRMQ  AMKM Q™BGM -?
    AŠJAGM "?   C AJMPM "JZ  QŽM CLAMLRP?BMQ BC K?LCGP? NPCT?JCACLRC DMP? B?Q AJSJ?Q  CLOS?LRM MSRPMQ  AMKM K?ELQGM
    ,E  CNMRŠQQGM* QŽMCLAMLRP?BMQAMKNPCBMKGL‹LAG?BCLRPMB?QAJSJ?Q

    ! 

    s8F2xF>?FEC:6?E66DD6?4:2=A2C2>F:E2D7F?w‚6D4@CA@C2:D
    s8F24@>AC66?5646C4256
    52>2DD24@CA@C2=56F>25F=E@
    56D:5C2E2wv@>6D>@Ev@A6BF6?2BF2?E@ 52A6C5256>2DD24@CA@C2=E@E2=A@565:>:?F:C@56D6>A6?9@7{D:4@
    >2?FE6?wv@526F:5C2E2wv@56A6?56524@?D6CG2wv@5@6BF:={3C:@9{5C:4@?@BF2=2:?86DEv@9{5C:42x:8F2=uA6C52
    e:>A@CE2?E64@?9646C2E2I256DF5@C6D6A2C256E6C>:?2C2BF2?E:525656s8F2BF6@:?​5:​G{​5F@AC64:D2:?86C:C5FC2?E6656A@:D56
    F>22E:G:5256

    !&   -, 


    `4+=47,)8-:,),-;=7:

    /CQC QCQCKPMSN?Q?LRCQBMCVCPA”AGMEKl
    /P?RGOSCQCSQCVCPA”AGMQSQS?GQNCV AMPPGB?MSNCB?J?B?BCKGL
    1CEGQRPC?OS?LRGB?BCBCJ”OSGBMOSCTMA‘GLECPGSCKKGJGJGRPMQ
    N™QMCVCPA”AGM NCQC QCQCKPMSN?Q?N™QQCA?PMQSMP

    /?P?A?JASJ?PQS?R?V?BCQSBMPCQC D??MQQCESGLRCQAŠJASJMQ
    *1H145CE4?B5C5=l8K NCQMAMPNMP?JNP CVCPA”AGM:E< GLECQRŽMBCJ”OSGBMQ:Kl< ZNCQMAMPNMP?JN™Q
    CVCPA”AGM FMP?QCKOSCTMA‘QCCVCPAGRMS
    4Q?LBMCQQCAŠJASJM NMQQ”TCJQ?@CPOS?LRMBCJ”OSGBMMGL​BG​T”​BSMNPCAGQ?GLECPGPBSP?LRCCBCNMGQBMCVCPA”AGM
    +CK@PC QC BC OSC ?Q AMLBGCQ ?K@GCLR?GQ  ? GLRCLQGB?BC BM CVCPA”AGM C M L”TCJ BC FGBP?R?ŽM ?LRCQ BM CVCPA”AGM
    A?SQ?KGKN?ARML?OS?LRGB?BCBCNCPB?BCQSMP2?@CP?R?V?BCQSBMPCQCR?K@K?HSB??LŽMGLECPGPJ”OSGBMCK
    CVACQQM

    <85/-ed;0;/;:41/591:@;
    2?LBWNCQ?IE Q?GN?P?AMPPCPNMPFC@C@CKlBCŠES? N™QMRP?@?JFM CJ?NCQ? IE0S?J?QS?R?V?
    BC QSBMPCQC 2S? GLECQRŽM F”BPGA? DMG QS¤AGCLRC N?P? GES?J?P QC  NCPB? 0S?LRM BC ŠES? CJ? NPCAGQ? @C@CP ?N™Q ?
    NPŠRGA?BMCVCPA”AGM

    .Q CJCRP™JGRMQ QŽM GKNMPR?LRCQ LM AMPNM R?K@K NMPOSC APG?K ? DMP? N?P? K?LRCP ? ŠES? MLBC  LCACQQŠPG? C N?P?
    KMTGKCLRŠ J? BC SK J?BM B? KCK@P?L? N?P? M MSRPM ,MJASJ?Q BC ŠES? '.  ?NPCQCLR?K A?PE? CJRPGA? ECP?J BC 
    $LRPCR?LRM MMVGE‘LGMB?KMJASJ?BCŠES?PCTCJ?A?PE?JGECGP?KCLRCLCE?RGT? CLOS?LRMMQFGBPME‘LGMQ?NPCQCLR?KA?PE?
    JCTCKCLRCNMQGRGT?"ŠRGMLQC‹LGMLQR?K@K?NPCQCLR?KA?PE?CJRPGA?C?K@MQ?RP?CKEPSNMQBCKMJASJ?QBCŠES?N?P?
    M QCS PCBMP 2C ?Q AMLACLRP?CQ BC CJCRP™JGRMQ  NPMRC”​L?Q C MSRP?Q QS@QR‹LAG?Q CK SK BMQ J?BMQ B? KCK@P?L? ACJSJ?P
    NCPKCŠ​TCJŠES?CQRGTCPCKCJCT?B?Q ?ŠES?N?QQ?PŠNCJ?KCK@P?L?N?P?MJ?BMBCAMLACLRP?ŽMK?GQ?JR??RAFCE?P
    GES?JB?BCBCAMLACLRP?ŽMB?QQS@QR‹LAG?QLMQBMGQJ?BMQB?KCK@P?L?%GESP?  DMP?APG?B?N?P??PP?QR?P?ŠES?
    NCJ? KCK@P?L? LCQQ? QGRS?ŽM  AF?K?B? BC @B5CCj? ?C=sD931 Q AJSJ?Q LŽM AMLRPMJ?K M KMTGKCLRM B? ŠES? BC
    K?LCGP?BGPCR? K?QQGKGLBGPCR?KCLRC PCESJ?LBMMKMTGKCLRMCJCRPMJ”RGAMN?P?BCLRPMCN?P?DMP?B?QAJSJ?Q SK?TCX
    OSC ? ŠES? ?AMKN?LF? MQ CJCRP™JGRMQ 4K KCA?LGQKM @CK AMLFCAGBM NCJM OS?J ?Q AJSJ?Q PCESJ?K M KMTGKCLRM BC
    CJCRP™JGRMQ?@MK@?BCQ™BGMCNMRŠQQGML?QKCK@P?L?QACJSJ?PCQ"?N”RSJM 
    86DA0 ;4CA{;8C>B4?A4BBr>>B<{C8200?OG;G?G<L;H;J?LG?†​P?F‰†AO;M?J;L;>ICMPIFOG?M>?†AO;
    =IG=IH=?HNL;‹™?MCAO;CM>??F?NL•FCNIM
    ;N?H>H=C;Œ>?KO?;†AO;HŠIJ;MM?J;L;H?HBOG>IMF;>IM 0?G;CM
    ?F?NL•FCNIM@IL?G;>C=CIH;>IM;OGF;>I>;G?G<L;H;
    ;=IH=?HNL;‹ŠI>??F?NL•FCNIMV=;L†G;CIL?GOG>IMF;>IM
    >; G?G<L;H;   0? ; G?G<L;H; @IL J?LG?†​P?F ‰ †AO;
     ; †AO; M?L† =;J;T >? J;MM;L J?F; G?G<L;H; H;M >O;M
    >CL?‹™?M  "HNL?N;HNI
     ; †AO; N?H>? ; ;NL;P?MM;L J;L; I F;>I >? =IH=?HNL;‹ŠI G;CM ;FN; >? ?F?NL•FCNIM ;NŒ KO? ;M
    =IH=?HNL;‹™?M>??F?NL•FCNIMHIM>ICMF;>IM>;G?G<L;H;M?CAO;F?G -L?MMŠIIMG•NC=;ŒIJIN?H=C;F>?JL?MMŠI
    H?=?MM†LCI J;L; ?PCN;L I GIPCG?HNI >? †AO; J?F; G?G<L;H; H; >CL?‹ŠI >I F;>I =IG G;CIL =IH=?HNL;‹ŠI >?
    ?F?NL•FCNIM

    BF:={3C:@6=6EC@={E:4@
    AMLACLRP?ŽMCJCRPMJ”RGA?NPCAGQ?NCPK?LCACPPCJ?RGT?KCLRCAMLQR?LRCBCLRP?B?QAJSJ?QCCLRPCCJ?QN?P?OSC?DSLŽM
    LMPK?JBMQRCAGBMQAMPNMP?GQQCH?K?LRGB?/MPGQQM MCOSGJ”@PGMCJCRPMJ”RGAMAMPNMP?JNPCAGQ?QCPAMLRPMJ?BM.AMLRPMJCBM
    5AE9<o2B9?5<5DB?<oD93?MAMPPCNPGLAGN?JKCLRCLMQPGLQCRP?RME?QRPGLRCQRGL?J2CMAMLRCž​BMBCQ™BGMLMAMPNMDMP@?GVM
    MQ PGLQ M AMLQCPT?K  PC?@QMPTCLBM M C BGJSGLBM ? SPGL? JK BGQQM  L? KCBGB? CK OSC Q™BGM  PC?@QMPTGBM  NMRŠQQGM 
    CVAPCR?BM$QQ?DSLŽMBMQPGLQPCESJ?B?NMPKCA?LGQKMQFMPKML?GQ AMKM?NPMBSŽMBC?JBMQRCPML?NCJ?QEJ‹LBSJ?Q
    QSNP?PPCL?GQ  OSC CQRGKSJ? ? PC?@QMPŽM BC Q™BGM BC TMJR? N?P? ? AMPPCLRC Q?LES”​LC? "?N”RSJM   #CQQC KMBM  QC ?
    AMLACLRP?ŽM BC Q™BGM AMPNMP?J DMP @?GV?  ?Q EJ‹LBSJ?Q QSNP?PPCL?GQ NPMBSXCK K?GQ 1<4?CD5B?>1  M OSC PCQSJR? CK
    AMLQCPT?ŽMBCQ™BGM
    .QQSAMQBGECQRGTMQLMRP?RME?QRPGLRCQRGL?JAMLR‘KKGLCP?GQ+CK@PC QCBCOSCMQQ?GQKGLCP?GQQCBGQQMJTCKCKŠES?
    DMPK?LBM CJCRP™JGRMQ  $QQCQ KGLCP?GQ  @CK AMKM MQ BM J”OSGBM GLECPGBM  QŽM ?@QMPTGBMQ N?P? ? AMPPCLRC Q?LES”​LC? NCJM
    GLRCQRGLMBCJE?BMN?P??RCLBCPQLCACQQGB?BCQBMAMPNM2C?AMLACLRP?ŽMBCSKKGLCP?JCKN?P​RGASJ?PLMAMPNMCQRGTCP
    @?GV?  K?GQ OS?LRGB?BC BCQQC KGLCP?J  ?@QMPTGB? NCJM GLRCQRGLM BCJE?BM ,?GQ SK? TCX  M COSGJ”@PGM CJCRPMJ”RGAM  OSC
    AMLQRGRSG ? OS?LRGB?BC BC CJCRP™JGRMQ NCPBGBMQ C E?LFMQ NCJM AMPNM   LMPK?JKCLRC K?LRGBM CK COSGJ”@PGM NCJM RP?RM
    E?QRPGLRCQRGL?J C NCJMQ PGLQ "MK M CVCPA”AGM  M ?SKCLRM BM TMJSKC BC QSMP AMLRCLBM CJCRP™JGRMQ PCOSCP CQDMPMQ CVRP?Q
    N?P? E?P?LRGP ? AMLQCPT?ŽM BM COSGJ”@PGM CJCRPMJ”RGAM 0S?LBM ? A?N?AGB?BC BM AMPNM BC K?LRCP M COSGJ”@PGM 
    BCQAMLQGBCP?B?   NPMTŠTCJ OSC BGQDSLCQ C JCQCQ EP?TCQ MAMPP?K  AMK NMQQG@GJGB?BC BC KMPRC CK A?QMQ CVRPCKMQ -?
    K?GMPG?BMQA?QMQ AMKNJCKCLR?LBM?GKNPCQQGML?LRCA?N?AGB?BCBMAMPNMBCAMLQCPT?PMCOSGJ”@PGMCJCRPMJ”RGAM MQ?HSQRCQ
    NPCTCLRGTMQL?BGCR?QŽMQS¤AGCLRCQN?P?KGLGKGX?PMQPGQAMQBMQBCQCOSGJ”@PGMQCJCRPMJ”RGAMQ

    @?E6ƒ​5@6=6EC@={E:4@5@DF@C
    . QSMP  SK J”OSGBM 89@?Dt>93?  M OSC OSCP BGXCP OSC ?NPCQCLR? NPCQQŽM MQK™RGA? KCLMP OSC ? BM Q?LESC . RCPKM
    9C?Dt>93?BCQGEL?OSCSK?QS@QR‹LAG?RCKNPCQQŽMMQK™RGA?GES?JBMQ?LESC CLOS?LRM89@5BDt>93?OSCPBGXCPOSCSK
    KCGM ?NPCQCLR? NPCQQŽM MQK™RGA? K?GQ CJCT?B? OSC ? BM Q?LESC . QSMP  FGNMRšLGAM C  NMPR?LRM  RCK AMLACLRP?ŽM BC
    CJCRP™JGRMQGLDCPGMPBMQ?LESC K?QAMLRK?JESLQCJCRP™JGRMQ0S?LBM?QR?V?QBCQSBMPCQCQŽMCVRPCK?KCLRC?JR?Q AMKM
    MAMPPCBSP?LRC?RGTGB?BCGLRCLQ?CK?K@GCLRCOSCLRCCžKGBM ?R?IEãFZBCNCQMAMPNMP?JMS?lãFZBCQSMP
    NMBCKQCPNCPBGBMQNMP?JESK?QNCQQM?Q ?AJGK?R?ŽM?MA?JMPNMBCGLAJSGP?B?NR?CQAMKMR?V?BCQSBMPCQCK?GQ
    ?JR?  GL”AGM K?GQ ACBM B? QSBMPCQC  ?SKCLRM BM TMJSKC NJ?QKŠRGAM BC PCNMSQM C PCBSŽM BM AMLRCž​BM CJCRPMJ”RGAM BM
    QSMP $K@MP?MTMJSKCBCQSMPNMQQ?APCQACPAMK??AJGK?R?ŽM KCLMQCJCRP™JGRMQQŽMNCPBGBMQNMPTMJSKCBCQSMP
    N?P? ?HSB?P ? K?LRCP M COSGJ”@PGM CJCRPMJ”RGAM . RP?RM E?QRPGLRCQRGL?J C MQ PGLQ QŽM ?JR?KCLRC A?N?XCQ BC PC?@QMPTCP MQ
    CJCRP™JGRMQN?P??AMPPCLRCQ?LES”​LC?CCTGR?P?MAMPP‘LAG?BMQBCQCOSGJ”@PGMQCJCRPMJ”RGAMQ
    $K ECP?J  M QSMP LŽM ?A?PPCR? ? LCACQQGB?BC BC GLECQRŽM ?BGAGML?J BC Q?GQ MQ ?JGKCLRMQ OSC AMKCKMQ LMPK?JKCLRC
    AMLR‘K @?QR?LRC Q?J  JK BGQQM  ?Q R?V?Q BC QSBMPCQC QŽM RGNGA?KCLRC GLDCPGMPCQ ?   lãFZ  M OSC PCQSJR? CK NCPB?
    FGBPCJCRPMJ”RGA?KCLMPBMOSCMQT?JMPCQCVRPCKMQPCJ?R?BMQAMK??RGTGB?BCGLRCLQ?CK?K@GCLRCQOSCLRCQCžKGBMQ2C
    QPGCQ QSACQQGT?Q BC CVCPA”AGMQ BC JMLE? BSP?ŽM  AMKM M RPCGL?KCLRM N?P? RPG?RJM MS K?P?RML?  DMPCK PC?​JG​X?B?Q CK
    ?K@GCLRC OSCLRC  NMBC QC GLECPGP Q?GQ ?BGAGML?GQ L? DMPK? BC ?JGKCLRMQ JCTCKCLRC Q?JE?BMQ MS J”OSGBMQ OSC AMLRCLF?K
    CJCRP™JGRMQ GLAJSQGTCTŠPG?Q@C@GB?QCQNMPRGT?Q-MCLR?LRM L?K?GMPG?B?QTCXCQ ?NCPB?BCCJCRP™JGRMQNCJ?QSBMPCQCNMBC
    QCPAMKNCLQ?B?AMK?AMLQCPT?ŽMBMQCJCRP™JGRMQNCJMRP?RME?QRPGLRCQRGL?JCNCJMQPGLQ K?LSRCLŽMB?QAMLACLRP?CQ
    KGLCP?GQNJ?QKŠRGA?QLMPK?GQLMQ?RJCR?QOSCAMKNCRCKL?AMPPGB?BCKMRMAGAJGQKMBCBG?QCK?K@GCLRCQOSCLRCQC
    žKGBMQQCKGLECQRŽMBCQSNJCKCLRMQKGLCP?GQSKCVCKNJMBML”TCJBCC¤AG‘L^G?BMQ™PEŽMQOSCPCR‘KCJCRP™JGRMQCBMQ
    NPMACQQMQAMPNMP?GQ

    @?E6ƒ​5@6=6EC@={E:4@52FC:?2
    "MLDMPKC HŠ BCQAPGRM  ?M JMLEM BM RCKNM M AMLRCž​BM SPGLŠPGM BC CJCRP™JGRMQ T?PG? ? ¤K BC E?P?LRGP M COSGJ”@PGM
    CJCRPMJ”RGAM#SP?LRCMCVCPA”AGM FŠSK?AMPPCJ?ŽMJGLC?PLCE?RGT?CLRPCGLRCLQGB?BCBMCVCPA”AGMCVNPCQQ?CKNCPACLRS?J
    BCAMLQSKMBCMVGE‘LGMKŠVGKMCCVAPCŽMBCQ™BGM QQGK AMLDMPKC?GLRCLQGB?BCBMCVCPA”AGM?SKCLR? ?CVAPCŽM
    BC Q™BGM BGKGLSG BC KMBM OSC ? CVAPCŽM KŠVGK? BC Q™BGM  BC ?NCL?Q  ?  BM T?JMP BC PCNMSQM  PCBSŽM B?
    CVAPCŽM BC Q™BGM BCAMPPC BC BMGQ D?RMPCQ GKNMPR?LRCQ 4K BCJCQ  OSC KCLMQ Q™BGM  CVAPCR?BM NMP JGRPM BC SPGL? .
    MSRPMOSCMB@GRMSPGLŠPGM?SKCLR?BMT?JMPBCPCNMSQMKlãKGLZ N?P?MBCCVCPA”AGMJCTCBM5\. KŠV  
    KlãKGLZ NMPK BCNMGQBGQQM BGKGLSG?MJMLEMBMCVCPA”AGMKMBCP?BMBM5.KŠV  KlãKGLZ CNCQ?BM
    BM 5. KŠV    ?   KlãKGLZ  #SP?LRC M CVCPA”AGM GLRCLQM C KMBCP?BM  KCLMQ SPGL? RMR?J  NPMBSXGB? C ?Q
    AMLACLRP?CQCJCRPMJ”RGA?QQŽMKCLMPCQL?SPGL?OSCNPMBSXGB?"MLQCOSCLRCKCLRC MQCQRMOSCQBCCJCRP™JGRMQBMAMPNM
    QŽMAMLQCPT?BMQ

    $642?:D>@52D656
    )545MBCQCHMAMLQAGCLRCBCGLECPGPJ”OSGBMOSCCQRŠCLTMJTGBML?K?LSRCLŽMB?FGBP?R?ŽMCBMCOSGJ”@PGMF”BPGAM.
    CQR”KSJMGLECQRŽMBCJ”OSGBMQAMLRPMJ?BMNMPTŠPG?Q​ŠPC?QBMFGNMRŠJ?KMOSCA?NR?K?MQKMJ?JGB?BCBMNJ?QK?$QQ?Q​
    ŠPC?Q R?K@K PCAC@CK GLDMPK?CQ ? PCQNCGRM B? AMLACLRP?ŽM BC Q™BGM CVRP?ACJSJ?P BM CLAD?JM C BM J”OSGBM
    ACPC@PMQNGL?J C QM@PC M TMJSKC BC J”OSGBM CVRP?ACJSJ?P  ?JK  NMQQGTCJKCLRC  BMQ PCACNRMPCQ NCPGDPGAMQ OSC NCPAC@CK ?
    MQKMJ?JGB?BC 0S?LBM FŠ NCPB? BC ŠES? AMPNMP?J  ? AMLACLRP?ŽM BC QS@QR‹LAG?Q BGQQMJTGB?Q LM Q?LESC C CK MSRPMQ
    J”OSGBMQAMPNMP?GQ?SKCLR? CQRGKSJ?LBMMKCA?LGQKMB?QCBCOSCNPMBSXMCQR”KSJMGLECQRŽMBCJ”OSGBMQsKCBGB?OSC
    J”OSGBM  GLECPGBM  ? AMLACLRP?ŽM B?Q QS@QR‹LAG?Q BGQQMJTGB?Q TMJR? ?M LMPK?J C M CQR”KSJM BGKGLSG 4K BMQ NPGKCGPMQ
    QGL?GQBCBCQGBP?R?ŽMN?PAG?J?QCLQ?ŽMBCY@MA?QCA?^ OSCCQRGKSJ?GLECQRŽMF”BPGA?
    0S?LBMMKCA?LGQKMB?QCBC?RGT?BMMSCVGQRCSKCQR”KSJMGLECQRŽMF”BPGA? ?BCQGBP?R?ŽMN?PAG?JHŠMAMPPCS
    FGBP?R?ŽMBMQQCPCQFSK?LMQAMLQGBCP?B?JCLR? MOSCOSCPBGXCPOSCMKCA?LGQKMB?QCBCLŽMNPMKMTC?PCQR?SP?ŽM
    BM COSGJ”@PGM F”BPGAM P?NGB?KCLRC . TMJSKC RMR?J B? GLECQRŽM J”OSGB? CK SK NCP”M​BM BC  F BC PCGBP?R?ŽM ?N™Q M
    CVCPA”AGM CKECP?J PCNC?NCL?Q?BMJ”OSGBMNCPBGBM JKBGQQM N?PRCBMJ”OSGBMGLECPGBM?N™QMCVCPA”AGM
    QCPŠ CJGKGL?B? L? DMPK? BC SPGL? $QQCQ D?RMPCQ GLBGA?K OSC K?GQ J”OSGBM NPCAGQ? QCP AMLQSKGBM BM OSC ? OS?LRGB?BC
    QMJGAGR?B?NCJMKCA?LGQKMB?QCBCN?P?OSC?K?LSRCLŽMBMCOSGJ”@PGMF”BPGAM?JMLEMNP?XMQCH?NMQQ”TCJ JKBMK?GQ
    AMKM M KCA?LGQKM B? QCBC  JCLRM CK PCQNMLBCP C  BCQCL​A?​BC?​BM ?NCL?Q ?N™Q ? MAMPP‘LAG? B? BCQGBP?R?ŽM N?PAG?J  
    NPSBCLRCM?RJCR?OSCGLECPCJ”OSGBMQ?LRCQBCB?PGL”AGMQCQQŽMBCCVCPA”AGMQ

    ! 

    %D 6=6EC=:E@D 4C:2> 2 AC6DDv@ @D>E:42 BF6 >2?Ex> 2 s8F2 @?56 x ?646DDsC:2 6 AC@>@G6 2 A2DD286> 56 s8F2 56 F> =25@ 52
    >6>3C2?2A2C2@@FEC@
    % >@G:>6?E@ 52 s8F2 A2C2 56?EC@ 6 A2C2 7@C2 52D 4x=F=2D x C68F=25@ A6=@ 4@?EC@=6 5@ >@G:>6?E@ 5@D 6=6EC=:E@D 2EC2GxD 52D
    >6>3C2?2D46=F=2C6D
    %6BF:={3C:@6=6EC@={E:4@x>2?E:5@6>6BF:={3C:@A6=@EC2E@82DEC:?E6DE:?2=6A6=@DC:?D
    %D6=6EC=:E@DA6C5:5@D?@DF@CDv@AC65@>:?2?E6>6?E6D5:@6A@EsDD:@
    % 4@?E6ƒ​5@ 56 6=6EC=:E@D 52 FC:?2 G2C:2 A2C2 2;F52C 2 4@?D6CG2C @ 6BF:={3C:@ 6=6EC@={E:4@ 6 5:>:?F: 4@?7@C>6 2 :?E6?D:5256 5@
    6I6C4{4:@2F>6?E256=6G62A6D25@
    'F2?5@@>642?:D>@52D6569F>2?2x2E:G25@;s@4@CC6F56D:5C2E2wv@A2C4:2=

    8B8>;>6803034B83A0C0sr>3DA0=C4>4G4A2w28>

    EMP? OSC CLRCLBCKMQ ? GKNMPR‹LAG? B? ŠES? C BMQ CJCRP™JGRMQ N?P? M DSLAGML?KCLRM BM AMPNM  NMBCKMQ AMLQGBCP?P MQ
    CDCGRMQ¤QGMJ™EGAMQB?BCQGBP?R?ŽM$KNPGKCGPMJSE?P T?KMQPCTGQ?PAMKM?AMLRCAC?BCQGBP?R?ŽM#SP?LRCMCVCPA”AGM ?
    BCQGBP?R?ŽM K?GQ DPCOSCLRCKCLRC  AMLQC​OS‘LAG? B? NCPB? BC ŠES? NCJM QSMP  QSBMPCQC  M KCA?LGQKM AMPNMP?J BC
    BGQQGN?ŽM BC A?JMP BCPGT?BM B? GLRCLQG¤A?ŽM B? OSCGK? BC CLCPEG? NCJM AMPNM KCR?@MJGQKM  BSP?LRC ? NPŠRGA? BM
    CVCPA”AGM CDCRGTGB?BCB?QSBMPCQCLMPCQDPG?KCLRMBMAMPNMBCNCLBCB?SKGB?BCPCJ?RGT?BM?P QCLBMK?GQCDCRGT?CK
    ?K@GCLRCQ K?GQ QCAMQ  NMP CT?NMP?P K?GQ P?NGB?KCLRC  PCKMTCLBM  BCQQC KMBM  M A?JMP BM AMPNM OS?LBM ? SKGB?BC 
    @?GV?  NCPB? F”BPGA? MA?QGML?B? NCJ? QSBMPCQC BCAMPPC LŽM ?NCL?Q B?Q EJ‹LBSJ?Q QSBMP”DCP?Q  K?Q R?K@K BMQ
    AMKN?PRGKCLRMQGLRP?CCVRP?ACJSJ?PCQ GLAJSQGTCBMNJ?QK? @CKAMKMBMRCAGBM​KSQASJ?P B?NCJC BMQ™PEŽMQGLRCPLMQC
    ?R KCQKM BMQ MQQMQ  AMK NMSA? ŠES? NPMTCLGCLRC BM CLAD?JM C BM D”E?BM $K QCESGB?  T?KMQ AMLQGBCP?P AMKM ?
    BCQGBP?R?ŽM ?A?PPCR? M BCAJ”LGM BMQ BCQCKNCLFMQ ?CP™@GM C ?L?CP™@GM  CVNJMP?P ?JESLQ CVCKNJMQ BC BCQGBP?R?ŽM CK
    CQNMPRCQCQNCA”¤AMQCPCAMLFCACPD?RMPCQOSC?SKCLR?K?QSQACRG@GJGB?BCBCQGBP?R?ŽM

    6D:5C2E2wv@242CC6E2564={?:@5@56D6>A6?9@
    BCQGBP?R?ŽMNMBCPCQSJR?PCKBGKGLSGŽMBMBCQCKNCLFMB?Q?RGTGB?BCQ?CP™@G?QC?L?CP™@G?Q-MCLR?LRM MQL”TCGQBC
    BCQGBP?R?ŽM LCACQQŠPGMQ N?P? A?SQ?P GKN?ARM QM@PC M BCQCKNCLFM ?CP™@GM C ?L?CP™@GM QŽM BGQRGLRMQ Q BGDCPCL?Q L?Q
    PCQNMQR?Q ¤QGMJ™EGA?Q Q ?RGTGB?BCQ ?CP™@G?Q C ?L?CP™@G?Q  HSLR?KCLRC AMK MQ D?RMPCQ ?K@GCLR?GQ  ?HSB?K ? CVNJGA?P CQQ?
    BGDCPCL?

    )(,61'$'(5,'4$6$_^151%4($&$2$&,'$'($(4e%,$
    BCQGBP?R?ŽMNMBCAMKNPMKCRCP?QA?N?AGB?BCQ?CP™@G?Q RJCR?QBC?RJCRGQKMOSCBCQGBP?R?KCKRMPLMBCB?K?QQ?
    AMPNMP?J RMR?J PCTCJ?K BCAJ”LGMQ LM BCQCKNCLFM L?Q AMPPGB?Q BC  C  KCRPMQ BC ACPA? BC  C 
    PCQNCARGT?KCLRC  CLOS?LRM PCK?BMPCQ KMQRP?K ?SKCLRM BC  QCESLBMQ LMQ RCKNMQ LCACQQŠPGMQ N?P? AMKNJCR?P SK?
    AMPPGB?BCKCRPMQ$QQCQBCAJ”LGMQLMBCQCKNCLFMD?XCKBGDCPCL?L?FMP?BCE?LF?PMSNCPBCP?AMKNCRGŽMC
    PCQQ?JR?K?LCACQQGB?BCBCK?LRCP?CSGBP?R?ŽMBMQ?RJCR?QN?P?OSCCJCQ?JA?LACK?QA?N?AGB?BCQ​GBC?GQBC,5+<9(5*,
    .BCQCKNCLFMC?QA?N?AGB?BCQ?CP™@G?QBCNCLBCKB?K?LSRCLŽMBMB@GRMA?PB”?​AMN?P?OSCMVGE‘LGMQS¤AGCLRCQCH?
    DMPLCAGBMCMQNPMBSRMQPCQGBS?GQQCH?KPCKMTGBMQBMQRCAGBMQKCR?@MJGA?KCLRC?RGTMQ JKBGQQM NPCAGQMOSCMA?JMP
    QCH?BGQQGN?BMCMSQMAMPPCRMBMQQS@QRP?RMQKCR?@™JGAMQQCH?K?LRGBMN?P?OSC?QA?N?AGB?BCQ?CP™@G?QQCH?K?Q​GBC?GQ
    #SP?LRC??RGTGB?BCD”QGA? ?QSBMPCQC?SKCLR??SK?NPMNMPŽMOSCBCNCLBC CKN?PRC BM?K@GCLRCLMOS?J??RGTGB?BC
    PC?​JG​X?B? /MP CVCKNJM  CK ?K@GCLRCQ OSCLRCQ C žKGBMQ  ? R?V? BC QSBMPCQC B? K?GMPG? B?Q NCQQM?Q BSP?LRC ? ?RGTGB?BC
    D”QGA? NMBC QCP RŽM ?JR? OS?LRM  lãFZ  BCK?GQ  ? R?V? BC QSBMPCQC NMBC T?PG?P KSGRM L?Q BGDCPCLRCQ ?RGTGB?BCQ  K?Q
    AML​RG​LS?PQCLBMQS¤AGCLRCN?P?GLBSXGPBCQGBP?R?ŽM/MPCVCKNJM ?QR?V?QBCQSBMPCQCQŽMBC?NPMVGK?B?KCLRC 
    lãFZBSP?LRCMNMJM?OSŠ​RGAM NMPKQŽMRŽM?JR?QOS?LRM lãFZLM:8<(:/AMKNCRGRGTM/MPR?LRM ?BCQGBP?R?ŽMLŽM
    SK? NPCMASN?ŽM ?NCL?Q BC ?RJCR?Q AMKM K?P?RMLGQR?Q C AGAJGQR?Q BC CQRP?B? OSC AMKNCRCK LM OSC RGNGA?KCLRC 
    AMLQGBCP?BM ?RGTGB?BC ?CP™@G?  K?Q R?K@K BC RMBMQ MQ CLTMJTGBMQ L? ?KNJ? T?PGCB?BC BC ?RGTGB?BCQ OSC BCNCLBC BM
    KCR?@MJGQKM?CP™@GMCB?QA?N?AGB?BCQ?CP™@G?QN?P?MBCQCKNCLFM
    "MK ? BCQGBP?R?ŽM M TMJSKC NJ?QKŠRGAM BGKGLSG  MA?QGML?LBM PCBSŽM BM TMJSKC QGQR™JGAM C ?SKCLRM B? DPC​OS‘LAG?
    A?PB”?​A? L? RCLR?RGT? BC K?LRCP M B@GRM A?PB”?​AM B@GRM A?PB”?​AM  DPC​OS‘LAG? A?PB”?​A? n TMJSKC QGQR™JGAM 
    BCQGBP?R?ŽMR?K@KNPMKMTCM?SKCLRMB?PCQGQR‘LAG?​T?QASJ?PQGQR‘KGA?BCAMPPCLRCB?T?QMAMLQRPGŽM"MKMNPMEPCQQM
    B?BCQGBP?R?ŽM MB@GRMA?PB”?​AMC?NPCQQŽM?PRCPG?JKBG?NMBCKA?GP  0S?LBMAMK@GL?BMQAMK?BCQGBP?R?ŽM
    CQQCQD?RMPCQCJCT?KMCQRPCQQCA?PBGMT?QASJ?P MSMRP?@?JFMOSCMAMP?ŽMNPCAGQ?PC?​JG​X?PN?P?@MK@C?PMB@GRMA?PB”?​AM
    QS¤AGCLRC CK SK? B?B? A?PE? BC RP?@?JFM N?PoGASJ?P  AMKM BCRCPKGL?BM PGRKM BC AMPPGB? BSP?LRC SK? K?P?RML? $K
    PCQSKM L?KCBGB?CKOSCML”TCJBCBCQGBP?R?ŽMAPCQAC MKCQKM?AMLRCACAMKMCQRPCQQCA?PBGMT?QASJ?P/MPCVCKNJM
    ?DPC​OS‘LAG?A?PB”?​A??SKCLR??@NK?A?B?BCNCPB?BCK?QQ?AMPNMP?JBCAMPPCLRCBCBCQGBP?R?ŽM
    .SRPM D?RMP OSC ?DCR? ?Q A?N?AGB?BCQ ?CP™@G?Q AMK ? BCQGBP?R?ŽM  M ?SKCLRM B? RCKNCP?RSP? AMPNMP?J MS
    89@5BD5B=91   "MK?BCQGBP?R?ŽM M¥SVMBCQ?LESCN?P??NCJCBGKGLSGC?R?V?BCQSBMPCQCA?G ?K@MQPCBSXGLBM
    ? A?N?AGB?BC BC BGQQGN?ŽM BC A?JMP    PCQSJR?LBM  NMP ¤K  CK FGNCPRCPKG? $K AMLQCl S‘LAG? B?Q DSLCQ
    GLRPGLQCA?KCLRC AMLCAR?B?Q BMQ QGQRCK?Q AGPASJ?R™PGM C RCPKMPPCESJ?BMP BM AMPNM   NPMTŠTCJ OSC ? FGNCPRCPKG? C ?
    BCQGBP?R?ŽMCVCP?KCDCGRMQAMK@GL?BMQBSP?LRCMCVCPA”AGM 
    ?JRCP?ŽMB?DSLŽMKCR?@™JGA?MSRP?AMLQC​OS‘LAG?B?BCQGBP?R?ŽM AMLDMPKCGLBGA?M?SKCLRMB?BCNCLB‘LAG?BM
    A?P@MGBP?RML?DMPK?BCEJGAME‘LGM​KSQASJ?PAMKMQS@QRP?RMKCR?@™JGAMC?CJCT?ŽMBMQL”TCGQBCJ?AR?RMQ?LES”​LCMCK
    SK? A?PE? BC RP?@?JFM N?P​RGASJ?P   Q AMLACLRP?CQ BC EJGAMQC Q?LES”​LC? NMBCK LŽM QCP ?DCR?B?Q MS JGECGP?KCLRC
    PCBSXGB?QOS?LBMQCCQRŠBCQGBP?R?BM$QQCQD?RMPCQNMBCK?A?PPCR?PBCAJ”LGMB?QA?N?AGB?BCQBC,5+<9(5*,BCTGBMD?BGE?
    PCQSJR?LRCB?BCNJCŽMBCEJGAME‘LGMCBM?SKCLRMB??AGBCX"?N”RSJM 
    'Š  ?GLB?  MSRPMQ D?RMPCQ OSC NMBCK MA?QGML?P M BCAJ”LGM BM BCQCKNCLFM BC ,5+<9(5*, OS?LBM M GL​BG​T”​BSM CQRŠ
    BCQGBP?R?BM Q CQA?J?Q BC NCPACNŽM BM CQDMPM $/$  ?SKCLR?K OS?LBM ? KCQK? A?PE? BC RP?@?JFM  PC?​JG​X?B? CK
    QGRS?ŽM BC BCQGBP?R?ŽM  DSLŽM AMELGRGT? R?K@K  NCPRSP@?B? NCJ? BCQGBP?R?ŽM   . ?SKCLRM B? NCPACNŽM BC
    CQDMPM C ? BGKGLSGŽM B? DSLŽM AMELGRGT? NMBCK PCBSXGP M BCQCKNCLFM BC ,5+<9(5*,  ?RCLS?LBM ? KMRGT?ŽM ?M
    CVCPA”AGMC?DCR?LBM?QBCAGQCQBSP?LRC?AMKNCRGŽM AMKM?QCQRP?REG?QBCAMPPGB?
    3MBMQMQD?RMPCQQSNP?KCLAGML?BMQGLRCP?ECKN?P?AMLRPG@SGPN?P?MBCAJ”LGMB?A?N?AGB?BC?CP™@G?MSBMBCQCKNCLFM
    BC ,5+<9(5*, OS?LBM M GL​BG​T”​BSM CQRŠ BCQGBP?R?BM  C K?GMP  M AMKNPMKCRGKCLRM B? A?N?AGB?BC ?CP™@G? AMLDMPKC ?
    BCQGBP?R?ŽM ?SKCLR? %GESP?   $K@MP? PCQNMQR?Q GL​BG​TG​BS?GQ CVGQR?K C ?JESK?Q NCQQM?Q QCH?K K?GQ RMJCP?LRCQ 
    BCQGBP?R?ŽMBMOSCMSRP?Q SK?BCQGBP?R?ŽMQSNCPGMP?ZMSB?K?QQ?AMPNMP?JBGKGLSG?A?N?AGB?BC?CP™@G?
    CBCNMR‘LAG??CP™@G?LM?K@GCLRCžKGBM ?KCLM?OSCLRC-MCLR?LRM ?BCQGBP?R?ŽMCK?K@GCLRCDPGM AMKMNMBCQCP
    M@QCPT?BM LM :20 *96::*6<5;9@  AMK NCPB? BC  B? K?QQ? AMPNMP?J CVCPAC NCOSCLM GKN?ARM QM@PC M BCQCKNCLFM BM
    CVCPA”AGM ?CP™@GM $QQCQ ?AF?BMQ QSECPCK OSC CQQC  M GKN?ARM LCE?RGTM CVCPAGBM NCJ? BCQGBP?R?ŽM QM@PC ?
    RCPKMPPCESJ?ŽMOSCCQQCLAG?JL?KMBG¤A?ŽMBMBCQCKNCLFMBMCVCPA”AGM
    86DA0   #D8C>B 50C>A4B 2>=CA81D4< ?0A0 > 342;w=8> 3> 34B4<?4=7> 04A{18> 2>< 0 34B83A0C0sr> #;NIL?M
    =;L>CIP;M=OF;L?M
    N?LGILL?AOF;>IL?M?G?N;<•FC=IM=IHNLC<O?GJ;L;;>CGCHOC‹ŠI>;M=;J;=C>;>?M>?>?M?GJ?HBI
    =IG ; >?MC>L;N;‹ŠI  "MM?M @;NIL?M JI>?G ;ACL >? G;H?CL; CH>?J?H>?HN? IO =IF?NCP; J;L; ; L?>O‹ŠI HI
    >?M?GJ?HBI

    )(,61'$'(5,'4$6$_^151%4($&$2$&,'$'($0$(4e%,$
    1CJ?RMQ QM@PC M CDCGRM B? BCQGBP?R?ŽM QM@PC MQ L”TCGQ BC DMP? KŠVGK? C ?Q A?N?AGB?BCQ BC BCQCKNCLFM ?L?CP™@GM QŽM
    GLAMLQGQRCLRCQ?JESLQCQRSBMQKMQRP?KPCBSCQQGELG¤A?RGT?QCMSRPMQLŽMPCTCJ?K?JRCP?CQGKNMPR?LRCQ   'Š
    LM CLR?LRM  SK N?BPŽM BC AF?LACQ K?GMPCQ BC BCAJ”LGM LM BCQCKNCLFM AMK M ?SKCLRM B? BCQGBP?R?ŽM $K ECP?J  ?Q
    BGKGLSGCQBCDMP?LŽMQŽM?N?PCLRCQOS?LBM?BCQGBP?R?ŽMNPMKMTCKCLMQBCBCPCBSŽMB?K?QQ?AMPNMP?JRMR?J
    $LRPCR?LRM  ? BCQGBP?R?ŽM OSC MA?QGML? K?GQ BC  BC PCBSŽM BC K?QQ? AMPNMP?J RMR?J PCQSJR? CK BCAPCKCLRMQ BC
    DMP?  .Q BCAJ”LGMQ L? PCQGQR‘LAG? ​KSQASJ?P  AMKM ? A?N?AGB?BC BC K?LRCP ? DMP? BC NPCCLQŽM  QŽM TGQ”TCGQ AMK ?
    BCQGBP?R?ŽMBC?B?K?QQ?AMPNMP?JRMR?J.BCQCKNCLFM?L?CP™@GMBSP?LRCMQCQDMPMQKŠVGKMQBCQCESLBMQ
    RCQRC BC AGAJGQKM BC 6GLE?RC  LŽM PCTCJ? BCAJ”LGM QGELG¤A?RGTM ?N™Q ? BCQGBP?R?ŽM BC  BM NCQM AMPNMP?J /MPR?LRM
    N?PCACOSC?QA?N?AGB?BCQBCDMP?C?L?CP™@G?QŽMKCLMQ?DCR?B?QNCJ?BCQGBP?R?ŽMBMOSC?A?N?AGB?BC?CP™@G?
    (LžKCPMQ D?RMPCQ NMBCK CVNJGA?P NMP OSC  CK AMKN?P?ŽM AMK M BCQCKNCLFM ?CP™@GM  ?Q PCBSCQ BC DMP? C B?
    A?N?AGB?BC?L?CP™@G?PCJ?AGML?B?QAMK?BCQGBP?R?ŽMQŽMGLAMLQGQRCLRCQ/PGKCGPM NMBC QCCQNCP?POSC?BGKGLSGŽMBM
    TMJSKCNJ?QKŠRGAMC AMKGQQM BMB@GRMA?PB”?​AM PCQSJR?LRCB?BCQGBP?R?ŽM?DCRCLCE?RGT?KCLRCMBCQCKNCLFM?CP™@GM
    K?QLŽMM?L?CP™@GMCBCDMP? LMQOS?GQMDMPLCAGKCLRMBCMVGE‘LGM?M​KžQASJMCKRP?@?JFMLŽMRŽMDSLB?KCLR?J
    2CESLBM MQBCAPCKCLRMQL?A?N?AGB?BC?L?CP™@G?QŽMK?GQNPMTŠTCGQOS?LBMMCVCPA”AGMC?CVNMQGŽM?MA?JMPQŽMSQ?BMQ
    N?P?GLBSXGPBCQGBP?R?ŽMCKMNMQGŽMPCQRPGŽMF”BPGA??NCL?Q$KRCPACGPMJSE?P K?GQNPMTŠTCJOSCMQBCAJ”LGMQ
    BMBCQCKNCLFMBCDMP?PCJ?AGML?BMQAMK?BCQGBP?R?ŽMMAMPP?KAMK?QR?PCD?QB?PCEGŽMQSNCPGMPBMAMPNMBMOSCAMK
    ?QR?PCD?QB?PCEGŽMGLDCPGMP 
    $K@MP?MCDCGRMB?BCQGBP?R?ŽMQM@PCMBCQCKNCLFM?L?CP™@GMCBCDMP?KŠVGK?NMQQ?QCPKCLMQAMLQGQRCLRCKCLRC
    KMQRP?BMCKAMKN?P?ŽMAMKMQCDCGRMQQM@PCMBCQCKNCLFM?CP™@GM MQBCAPCKCLRMQ?L?CP™@GMQKMQRP?BMQNCJMQ?RJCR?Q
    AMKNCRGRGTMQQŽMGKNMPR?LRCQCNMBCKBG¤ASJR?PMBCQCKNCLFMBSP?LRC?AMKNCRGŽM JKBGQQM ?RGTGB?BCQNP?RGA?B?Q
    CK?K@GCLRCQOSCLRCQCžKGBMQHSQRG¤A?K?QNPCA?SCQCVRP?Q?MQCAMLQGBCP?PMQPGQAMQAMK@GL?BMQB?BCQGBP?R?ŽMCB?
    FGNCPRCPKG?

    I6>A=@D5656D:5C2E2wv@?@6DA@CE6
    K?LSRCLŽMB?CSGBP?R?ŽMGKNMPR?LRCN?P?MBCQCKNCLFM​GBC?JBCOS?QCRMBMQMQRGNMQBC?RGTGB?BCD”QGA?(QQMGLAJSG
    LŽM?NCL?QMQCTCLRMQCVRCPLMQ CKOSCEP?LBCSKGB?BCCA?JMP?DCR?K?R?V?BCQSBMPCQC K?QR?K@K?Q?RGTGB?BCQC
    CQNMPRCQPC?​JG​X?BMQCKEGLŠQGMQOSCLRCQ/?P?KGLGKGX?P?AF?LACBCBCQGBP?R?ŽMCKOS?JOSCPRGNMBC?K@GCLRC TMJSKCQ
    ?BCOS?BMQBCJ”OSGBMNPCAGQ?KQCPGLECPGBMQBSP?LRCCCLRPC?QQCQQCQBCRPCGL?KCLRMOSCAMLBSXCKAMKNCRGŽM.Q
    J”OSGBMQ AMLQSKGBMQ BCTCK AMLRCP CJCRP™JGRMQ Q™BGM C NMRŠQQGM  N?P? ?HSB?P ? K?LRCP M COSGJ”@PGM F”BPGAM CLRPC MQ
    AMKN?PRGKCLRMQ GLRP? C CVRP?ACJSJ?P $K TGPRSBC B?Q NCPB?Q M@PGE?R™PG?Q L? SPGL?  M AMLQSKM BC J”OSGBM ?N™Q M
    RPCGL?KCLRMNPCAGQ?QCPQSNCPGMP?MTMJSKCBCQSMPNCPBGBM1CAMKCLB? QC R?K@K OSC?KGJGJGRPMQBCŠES?
    QCH?KGLECPGBMQF?LRCQBMCTCLRMN?P?OSCMQPGLQRCLF?KRCKNMBCPCESJ?PMTMJSKCBCŠES?AMPNMP?JRMR?J?LRCQBM
    GL”AGMB??RGTGB?BC&?P?LRGP?CSGBP?R?ŽMBSP?LRCMRPCGL?KCLRM ?LRCQCBSP?LRC?AMKNCRGŽM?HSB?L?NPMBSŽMBM
    KCJFMPBCQCKNCLFMNMQQ”TCJCKOS?QCRMBMQMQRGNMQBC?RGTGB?BCD”QGA?CVRPCK?-MQQCESGLRCQCVCKNJMQ CVNJMP?KMQ?Q
    AMLQGBCP?CQ QM@PC FGBP?R?ŽM CQNCA”¤A? ? SK CQNMPRC CK N?P
    oGASJ?P $K@MP? CQQ?Q AMLQGBCP?CQ QCH?K CQNCA”¤A?Q ?M
    CVCKNJM MQAMLACGRMQR?K@KQŽM?NJGAŠTCGQ?MSRPMQCQNMPRCQC?RGTGB?BCQ

    $4$610$
    QA?N?AGB?BCQBC,5+<9(5*,CKOS?JOSCPCTCLRMAMKMSK?K?P?RML?IK QŽMLCE?RGT?KCLRC?DCR?B?QHŠNCJ?NCOSCL?
    BCQGBP?R?ŽM BC  BM NCQM AMPNMP?J RMR?J . M@HCRGTM NPGLAGN?J B? GLECQRŽM F”BPGA? BSP?LRC M CTCLRM  CTGR?P ?
    BCQGBP?R?ŽM QCLBM?PCNMQGŽMBMQCJCRP™JGRMQSK?NPCMASN?ŽMGKNMPR?LRC NMPKQCASLBŠPG?
    K?QQ?AMPNMP?JC?QAMLBGCQ?K@GCLR?GQ?DCR?K?OS?LRGB?BCB?GLECQRŽMJ”OSGB?LCACQQŠPG?N?P?CTGR?P?BCQGBP?R?ŽM
    QSNCPGMP?B?K?QQ?AMPNMP?JRMR?J AMLQGBCP?ŽMB?K?QQ?AMPNMP?JCQNCAG?JKCLRCGKNMPR?LRCN?P?MQAMPPCBMPCQ
    PCAPC?RGTMQ ASH?QK?QQ?QAMPNMP?GQNMBCKT?PG?P@?QR?LRC/MPCVCKNJM BSP?LRC?K?P?RML?BCFCKAMLBGCQBCj"
    CBCSKGB?BCPCJ?RGT?BM?P SKAMPPCBMPBCIEOSCGLECPC lBCJ”OSGBMNMPFMP?NCPBCCKŠES?AMPNMP?JM
    COSGT?JCLRC ?   B? K?QQ? AMPNMP?J RMR?J $LRPCR?LRM  SK AMPPCBMP BC  IE OSC AMLQMKC ? KCQK? OS?LRGB?BC BC
    J”OSGBM RCK NCPB? F”BPGA? COSGT?JCLRC ?   B? K?QQ? AMPNMP?J RMR?J 2C ? K?P?RML? DMQQC PC?​JG​X?B? CK AMLBGCQ
    ?K@GCLR?GQBCj"CBCSKGB?BCPCJ?RGT?BM?PC?GLECQRŽMBCJ”OSGBMNCPK?LCACQQCAMKMBC l MAMPPCBMPK?GQ
    JCTCE?LF?PG?K?QQ?AMPNMP?J  CLOS?LRMMK?GQNCQ?BMZ  LŽM?JA?L?PG?BCNCPB?BCNCQMAMPNMP?JRMR?J
    3?LRM ? GLECQRŽM BC J”OSGBM NPMEP?K?B? CK NMLRMQ CQNCA”¤AMQ L? AMPPGB?  OS?LRM ?OSCJ? DCGR?  TMLR?BC NMBCK QCP
    SQ?B?QL?RCLR?RGT?BCK?LRCP?FGBP?R?ŽMBSP?LRCMCTCLRM,SGRMQK?P?RMLGQR?Q OS?LBMGLECPCKJ”OSGBMTMLR?BC LM
    CLR?LRM LŽMGLECPCKMQTMJSKCQQS¤AGCLRCQN?P?CTGR?P?NCPB?F”BPGA?BCK?GQBCB?K?QQ?AMPNMP?JRMR?J K@MQMQ
    RGNMQBCGLECQRŽMBCJ”OSGBMNPMEP?K?B?CDCGR?TMLR?BC ?NPCQCLR?KJGKGR?CQOS?LBM?NJGA?BMQ?KNJ?T?PGCB?BCB?Q
    A?N?AGB?BCQBMAMPPCBMP QAMLBGCQ?K@GCLR?GQCK?QQ?AMPNMP?J MOSCPCQQ?JR??LCACQQGB?BCBCSKNJ?LMBCFGBP?R?ŽM
    GL​BG​TG​BS?JGX?BM ? QCP NMQRM CK ?ŽM BSP?LRC ? AMKNCRGŽM  @CK AMKM BM RPCGL?KCLRM  BCQBC OSC QCH? RCQR?BM ?LRCQ BM
    CTCLRMNPGLAGN?J

    76$.,84(
    JSR?JGTPCSKCQNMPRCAMKA?RCEMPG?QBCNCQMOSCPCOSCPDMP?CNMR‘LAG?B?QPC​EGCQQSNCPGMPCGLDCPGMPBMAMPNM.Q
    JSR?BMPCQLMPK?JKCLRCNCPBCK?B?K?QQ?AMPNMP?JRMR?JN?P?QCCLA?GV?PL?AJ?QQC/?P?NCPBCPCQQ?OS?LRGB?BCBC
    NCQM  CJCQ SRGJGX?K ? AMK@GL?ŽM BC PCQRPGŽM A?J™PGA? C F”BPGA? $LRŽM  OS?JOSCP OSCB? LM BCQCKNCLFM NMBC QCP
    BCAMPPCLRCBCSKBCQQCQD?RMPCQ MSB?AMK@GL?ŽMBCJCQ+SR?BMPCQKMQRP?P?KBCAPCKCLRMQLMBCQCKNCLFM?L?CP™@GMC
    BCDMP??N™Q?FGNM FGBP?R?ŽMBC?BMNCQMAMPNMP?J    NMPKCQQCQ?RJCR?QR?K@KPCTCJ?P?K?SQ‘LAG?BC
    CDCGRMQM@PC?QKCBGB?QBCBCQCKNCLFMCQNCA”¤A?QB?JSR?JGTPC?N™Q?FGNM FGBP?R?ŽM 
    $K@MP? MQ CLAMLRPMQ GQMJ?BMQ BC JSR?BMPCQ QCH?K AMLRCQR?BMQ L? JSR? JGTPC  RMBMQ MQ CTCLRMQ GKNMPR?LRCQ BC JSR?
    MAMPPCKL?DMPK?BCRMPLCGMQ AMKM?QAMLDCP‘LAG?QPCEGML?GQ MQA?KNCML?RMQL?AGML?GQCMQ)MEMQ.J”KNGAMQ QQGK ?
    PCQNMQR? ¤QGMJ™EGA? CVNPCQQ? LMQ RMPLCGMQ  GKNMPR?LRC N?P? M BCQCKNCLFM BC SK JSR?BMP N™Q NCPBCP  B? K?QQ?
    AMPNMP?JRMR?J?MJMLEMBCQCK?L??LRCQBCSKRMPLCGMQGKSJ?BMBCBG?Q MQJSR?BMPCQAMJCEG?BMQ-?RGML?J"MJJCEG?RC
    RFJCRGA QQMAG?RGML #GTGQGML (  KMQRP?P?K BCAPCKCLRMQ CK ?JESLQ RCQRCQ  K?Q LŽM CK RMBMQ  PCJ?AGML?BMQ AMK ?Q
    F?@GJGB?BCQBCJSR?JGTPC.QJSR?BMPCQKMQRP?P?KBGKGLSGCQGKNMPR?LRCQL?DMP?BCNPCCLQŽMCBMY?@P?MBCSPQM^
    ?@P?MBCSKCVRCLQšKCRPM?AMJAFM?BMSQ?LBMSK?CKNSLF?BSP?QGKGJ?PBCPPS@?B?L?JSR?JGTPC ?LRCQBCA?B?BGQNSR?
    CKAMKN?P?ŽMAMK?KCBGB?@?Q?JPC?​JG​X?B??LRCQB?QCK?L?L?OS?J?NCPB?BCNCQMMAMPPCS%GESP?  DMP?BC
    NPCCLQŽMCBMY?@P?MBCSPQM^R?K@KQCKMQRPMSA?B?TCXKCLMPAMKM?T?LMBMRMPLCGMQGKSJ?BMB???BGQNSR?
    $LRPCR?LRM ?QKCBGB?QBCDMP?BMOS?BPGJCB?AMJSL? BMRCKNMBCKMTGKCLRMCBMRCKNME?QRML?RP?LQGŽMB?NMQGŽM
    ?HMCJF?B?RP?BGAGML?JN?P??NMQGŽMBCNLŽMDMP?KQGELG¤A?RGT?KCLRCBGDCPCLRCQ?LRCQB?QAGLAMBGQNSR?QCKAMKN?P?ŽM
    AMKMQT?JMPCQ@?Q?GQ'MSTC CLRPCR?LRM ?JRCP?CQLCQQ?QKCBGB?Q?N™QMQAMLDPMLRMQOS?LBMDMP?KAMKN?P?B?QAMK?Q
    PC?​JG​X?B?Q ?LRCQ B?Q BGQNSR?Q LM RMPLCGM QGKSJ?BM $K ECP?J  BSP?LRC M RMPLCGM QGKSJ?BM  BGKGLSGCQ GKNMPR?LRCQ CK
    ?JESK?Q K?QLŽMCKRMB?Q KCBGB?Q¤QGMJ™EGA?QDMP?KKMQRP?B?Q$QQ?QPCBSCQQŽMAMLQCl S‘LAG?BMCDCGRMAMK@GL?BM
    B? PCBSŽM BM NCQM  B? BCQGBP?R?ŽM C BM KMJBC B? AMKNCRGŽM CK RMPLCGM C NPMT?TCJKCLRC ?DCR?K ? A?N?AGB?BC BM
    JSR?BMPBCK?LRCPMBCQCKNCLFMD”QGAM?MJMLEMBMRMPLCGM
    86DA0  ?{B 0 A43Dsr> 34 ?4B> 0B <43830B 34 5>As0 38<8=D4< =>B ;DC03>A4B 0> ;>=6> 3> C>A=48>
    B8<D;03>,NILH?CIMCGOF;>I=IHMCMNCO?GNLM=IG<;N?MHIJLCG?CLI>C;?>?>O;M>CMJON;MHIM?AOH>I>C;>?
    =IGJ?NC‹ŠI MG?>C>;M<;M;CM@IL;GI<NC>;M;HN?M>;L?>O‹ŠI>?>;G;MM;=ILJIL;FNIN;F>OL;HN?;M?G;H;
    ;HN?LCIL ;I NILH?CI  !C@?L?H‹; MCAHCV=;NCP; >;M >O;M G?>C>;M <;M;CM G;HBŠ ? HICN? !C@?L?H‹; MCAHCV=;NCP; >IM
    P;FIL?M=ILL?MJIH>?HN?M;HN?M>I=IH@LIHNI >;JN;>;>?(L;?G?L

    52146(5&1.(6,815&1/%1.$;$537(6(%1.()76(%1.
    BCQGBP?R?ŽMNMBC?DCR?PMBCQCKNCLFMCKCQNMPRCQAMJCRGTMQAMK@MJ?NP?RGA?BMQR?LRM05+669OS?LRM6<;+669 OSCB?
    L?Q A?N?AGB?BCQ ?CP™@G?Q NMBC BGKGLSGP M BCQCKNCLFM LMQ žJRGKMQ CQRŠEGMQ BC SK? BGQNSR?  M BCAJ”LGM B?Q A?N?AGB?BCQ
    ?L?CP™@G?QNMBCNPCHSBGA?P?F?@GJGB?BCBC:7905;C?PCBSŽMB?DMP?MSB?NMR‘LAG?NMBCK?RP?N?JF?P?F?@GJGB?BCBC
    Q?JR?P ?QNCARMQGKNMPR?LRCQN?P?MBCQCKNCLFMCKCQNMPRCQAMJCRGTMQNP?RGA?BMQAMK@MJ?
    BCQGBP?R?ŽMR?K@KNPMKMTCBCAJ”LGMBMBCQCKNCLFMCK?RGTGB?BCQCF?@GJGB?BCQCQNCA”¤A?QGLCPCLRCQ?MQCQNMPRCQ
    AMJCRGTMQ AMK @MJ? -M @?QOSCRC@MJ  ? BCQGBP?R?ŽM BMQ HME?BMPCQ COSGT?JCLRC ?  B? K?QQ? AMPNMP?J RMR?J BSP?LRC ?
    QCQQŽMBCFPCBSXBCK?LCGP?QGELG¤A?RGT?MNCPACLRS?JBC?PPCKCQQMQAMK@GL?BMQBCRP‘QNMLRMQ J?LACJGTPC CK ?
    A?N?AGB?BCBCPCNCRGŽMBM:7905;AMPPGB?NMPRMB??CVRCLQŽMB?OS?BP? CK C?F?@GJGB?BCBCKMTGKCLR?ŽMJ?RCP?J
    CK  CK PCJ?ŽM ?M CQR?BM BC CSGBP?R?ŽM K?LRGBM AMK ŠES? . SQM BC @C@GB?Q CQNMPRGT?Q AMK A?P@MGBP?RM C
    CJCRP™JGRMQ AMK M M@HCRGTM BC K?LRCP ? CSGBP?R?ŽM  LM CLR?LRM  KCJFMPMS CQQ?Q A?N?AGB?BCQ BC K?LCGP? QS@QR?LAG?J CK
    PCJ?ŽM?MCQR?BMBCCSGBP?R?ŽMK?LRGBMAMKŠES? BCRCPGMP?ŽMB?QF?@GJGB?BCQLM@?QOSCRC@MJ AMKMRPCGL?KCLRMBC
    ?PPCKCQQMQC?PPCKCQQMQPC?​JG​X?BMQLMHMEMQGKSJ?BM CB?A?N?AGB?BCBCKMTGKCLR?ŽMJ?RCP?JNPMEPCQQGT?AMK??ACL​
    RS?ŽMB?BCQGBP?R?ŽMBC?BMNCQMAMPNMP?JRMR?J2GKGJ?PKCLRCQA?N?AGB?BCQ?CP™@G?Q MJGKG?PBCBCRCPGMP?ŽM
    B?QF?@GJGB?BCQBM@?QOSCRC@MJN?PCACQCPB?NCPB?F”BPGA?COSGT?JCLRC?BCNCPB?B?K?QQ?AMPNMP?JRMR?J$K@MP?
    LCLFSK?PCBSŽMGKNMPR?LRCLMNCPACLRS?JBC?PPCKCQQMQRCLF?QGBMKMQRP?B?AMK?BCQGBP?R?ŽMGES?J? B?K?QQ?
    AMPNMP?JRMR?J N?PCACOSC?BCQGBP?R?ŽM?AMKCRCBCKMBMGKNMPR?LRC?QMSRP?QF?@GJGB?BCQLM@?QOSCRC@MJ
    #SP?LRCSK?N?PRGB?BCDSRC@MJ MQHME?BMPCQD?XCK:7905;:PCNCRGBMQGLRCPA?J?BMQAMKASPRMQNCP”M​BMQBCPCNMSQM$QQC
    RGNM BC CVCPA”AGM  GKGR?BM NCJM RCQRC 8M 8M BC PCASNC​P?ŽM GLRCPKGRCLRC  M OS?J AMLQGQRC CK AMPPGB?Q BC  KCRPMQ BC
    TCJMAGB?BCAPCQACLRCCAMLQR?LRC GLRCPA?J?B?QNMPNCP”M​BMQBCPCNMSQMBCQCESLBMQ$QQCRCQRCPCNPMBSX?OS?LRGB?BC
    BC AMPPGB?Q BC ?JR? GLRCLQGB?BC PC?​JG​X?B?Q LM HMEM AMKNCRGRGTM BC DSRC@MJ C  BGDCPCLRC CLRPC MQ HME?BMPCQ BC TŠPG?Q
    F?@GJGB?BCQ.BCQCKNCLFMLMRCQRC8M 8MBCPCASNC​P?ŽMGLRCPKGRCLRCBMQHME?BMPCQBCDSRC@MJACPA?BCNGMP
    ?N™Q?BCQGBP?R?ŽM COSGT?JCLRC? ?B?K?QQ?AMPNMP?JRMR?J$QQCQ?AF?BMQGLBGA?KOSCMBCQCKNCLFMLMDSRC@MJ
    A?G AMK ? BCQGBP?R?ŽM  NPCTCLŽM B? BCQGBP?R?ŽM LMQ CQNMPRCQ AMJCRGTMQ AMK @MJ? ?HSB? ? K?LRCP LŽM ?NCL?Q ?Q
    A?N?AGB?BCQECP?GQ?CP™@G?QC?L?CP™@G?Q K?QR?K@KMBCQCKNCLFMB?QF?@GJGB?BCQCQNCA”¤A?QBMCQNMPRC

    *FD46E:3:=:5256u56D:5C2E2wv@
    5ŠPGMQ D?RMPCQ NPCBGQNCK MQ GL​BG​T”​BSMQ MS EPSNMQ BC NCQQM?Q  BCQGBP?R?ŽM JESLQ BCJCQ QŽM QGKGJ?PCQ ?MQ D?RMPCQ
    NPCBGQNMLCLRCQ GL​BG​TG​BS?GQ ? BG¤ASJB?BCQ RCPKMPPCESJ?BMP?Q "?N”RSJM   %?RMPCQ ?K@GCLR?GQ  AMKM ?JR? RCKNCP?RSP? C
    SKGB?BC OSCNPMKMTCKR?V?QCJCT?B?QBCQSBMPCQC ?SKCLR?K?AF?LACBCBCQGBP?R?ŽM$QQCQD?RMPCQQŽMCQNCAG?JKCLRC
    NPCMASN?LRCQCKCTCLRMQBCJMLE?BSP?ŽM AMKM?QK?P?RML?Q MSOS?LBMMRPCGL?KCLRMMS??RGTGB?BCD”QGA?MAMPPCK
    CK BG?Q AMLQCASRGTMQ MS K?GQ BC  TCXBG?  AMKM  MS  QCQQCQ BGŠ​PG?Q NP?RGA?B?Q LM GL”AGM BC KSGR?Q RCKNMP?B?Q
    CQNMPRGT?Q RJCR?Q BC CQNMPRCQ AMKM HSBš  @MVC  JSR? JGTPC C JCT?LR?KCLRM BC NCQM  MQ OS?GQ QC BCQGBP?R?K N?PAG?JKCLRC
    N?P? QC CLA?GV?P CK BCRCPKGL?B? A?RCEMPG? BC NCQM  R?K@K CQRŽM QSQACR”TCGQ ? BG¤ASJB?BCQ AMK BCQGBP?R?ŽM %GESP?
         .Q COSGN?KCLRMQ BC NPMRCŽM SQ?BMQ CK ?JESLQ CQNMPRCQ AMKM DSRC@MJ ?KCPGA?LM  NMBCK GLRCPDCPGP L?
    NCPB?BCA?JMPC AMKGQQM GLRCLQG¤A?P?QR?V?QBCQSBMPCQC AMJMA?LBMMQN?PRGAGN?LRCQCKPGQAMK?GQ?JRMBCBCQGBP?R?ŽM
    1MSN?Q C COSGN?KCLRMQ BC AMP CQASP? NPMKMTCK K?GMP ?@QMPŽM BC A?JMP BM ?K@GCLRC  NPMBSXGLBM R?V?Q BC QSBMPCQC
    K?GMPCQC NMQQGTCJKCLRC BCQGBP?R?ŽMK?GQ?ACL​RS?B?
    #MCL?QAMKQGLRMK?QBCDC@PCCBG?PPCG??SKCLR?K?NPM@?@GJGB?BCBCOSCQSPH?KBG¤ASJB?BCQPCJ?RGT?QBCQGBP?R?ŽM
    BSP?LRC ? ?RGTGB?BC .Q GL​BG​T”​BSMQ K?GQ TCJFMQ NMBCK QCP K?GQ QSQACR”TCGQ  BCQGBP?R?ŽM CK DSLŽM BC BGTCPQMQ
    D?RMPCQ  QCLQG@GJGB?BCQCBCBG?LRCBCSK?B?B?NCPB?F”BPGA?CVRP?ACJSJ?P?RCLS?B?AMKMCLTCJFCAGKCLRM JMEM
    GLECPC QC KCLMQ J”OSGBM Q NCQQM?Q BC K?GQ GB?BC R?K@K BCKMLQRP?K KCLMP A?N?AGB?BC BC K?LRCP M TMJSKC
    NJ?QKŠRGAM?BCOS?BMC?MQKMJ?JGB?BCBSP?LRCMCVCPA”AGMC?PCQR?SP?ŽMB?FMKCMQR?QCF”BPGA?AMPNMP?J?N™Q?NPGT?ŽM
    BCŠES?K?GQJCLR? GLB?OSC CKECP?J MQGL​BG​T”​BSMQK?GQTCJFMQQCH?K?BCOS?B?KCLRCFGBP?R?BMQ MQD?RMPCQAGR?BMQ
    ?LRCPGMPKCLRC MQ NPCBGQNCK  BCQGBP?R?ŽM BSP?LRC M CVCPA”AGM 0S?LBM SK MS K?GQ BMQ D?RMPCQ NPCBGQNMLCLRCQ 
    BCQGBP?R?ŽMHŠAGR?BMQCQRŠNPCQCLRC GKNCP?RGTMMBCQCLTMJTGKCLRMBCSKNJ?LMBCFGBP?R?ŽM?NPMNPG?BM

    ! 
     56D:5C2E2wv@ 5FC2?E6 2 2E:G:5256 x 6> A2CE6 564@CC6?E6 5@ 2F>6?E@ 5@ >6E23@=:D>@ 6> C6=2wv@ 2@ C6A@FD@ BF6 C6DF=E2 6>
    DF5@C6D6A2C25:DD:A2C42=@C
    %D564={?:@D?@56D6>A6?9@26C3:@@42D:@?25@DA6=2A6C529{5C:426DEv@C6=24:@?25@D4@>@2F>6?E@5@6DEC6DD642C5:@G2D4F=2C
    64@>29:A6CE6C>:2
    D 6IA=:42w‚6D LD:@=8:42D A2C2 @D 564={?:@D ?@ 56D6>A6?9@ 2?26C3:@ BF6 24@>A2?92> 2 A6C52 9{5C:42 Dv@ :?4@?D:DE6?E6D 6
    :?46CE2D
     56D:5C2E2wv@ A@56 A:@C2C @ 56D6>A6?9@ ?v@ 2A6?2D 6> 6G6?E@D 4@>@ 2 >2C2E@?2 6 @ =6G2?E2>6?E@ 56 A6D@ @={>A:4@ >2D
    E2>3x>?2BF6=6DBF6C6BF6C6>2D42A24:5256D26C3:2D62?26C3:2D4@>@2=FE2=:GC66@D6DA@CE6D4@=6E:G@DAC2E:425@D4@>
    3@=2
     DFD46E:3:=:5256 u 56D:5C2E2wv@ x >2:@C 5:2?E6 56 2=E2D E6>A6C2EFC2D 6 F>:5256 >ƒ=E:A=2D D6DD‚6D 56 EC6:?2>6?E@ A@C 5:2
    A2CE:4:A2wv@ 6> 6DA@CE6D 4@> 42E68@C:2D 56 A6D@ 6 ?2BF6=6D BF6 6?G@=G6> @ ;F=82>6?E@ DF3;6E:G@ 52 :>286> 4@CA@C2=
    6BF:A2>6?E@D56AC@E6wv@BF6C65FJ6>2A6C525642=@CF?:7@C>6D564@C6D4FC265:>:?F:wv@52D6?D:3:=:5256uD656@42D:@?252
    A6=@6?G6=964:>6?E@
    86DA0  B?>AC4B 34 <0BB0 2>A?>A0; ,M JL;NC=;HN?M >? ?MJILN?M KO? OM;G =;N?AILC;M >? J?MI =ILJIL;F IO
    DOFA;G?HNI >; CG;A?G =ILJIL;F =IGI J;LN? >;M =IH>C‹™?M =IGJ?NCNCP;M ?MNŠI MOM=?NP?CM ; >?MC>L;N;‹ŠI ?
    >I?H​‹;M
    ;FŒG>?>CGCHOC‹ŠI>IJIN?H=C;F>?>?M?GJ?HBI

    #tC>3>B340E0;80sr>30783A0C0sr>

    #CTGBM?MQNMRCLAG?GQCDCGRMQLCE?RGTMQB?BCQGBP?R?ŽMQM@PCMBCQCKNCLFM?RJRGAMC?Q?ž​BC GKNMPR?LRCAMLFCACPM
    CQR?BM B? FGBP?R?ŽM .Q KRMBMQ BC A?KNM K?GQ AMKSLQ BC KMLGRMP?KCLRM BM CQR?BM B? FGBP?R?ŽM BC ?RJCR?Q C
    CLRSQG?QR?QCQNMPRGTMQCLTMJTCK??T?JG?ŽMBMNCQMAMPNMP?JMSB?AMPB?SPGL?$K@MP??K@?Q?QKCRMBMJMEG?QRCLF?K
    JGKGR?CQ CJ?QNPMNMPAGML?KK?LCGP?QDŠACGQCLŽMGLT?QGT?QBCKMLGRMP?KCLRMB?FGBP?R?ŽM,RMBMQJ?@MP?RMPG?GQBC
    BCRCPKGL?ŽM B? FGBP?R?ŽM GLAJSCK TMJSKC SPGLŠPGM  7B1F94145 5C@53o{31 41 EB9>1 C ?C=?<1<94145 EB9>gB91 $QQCQ
    KRMBMQ BC ?T?JG?ŽM R?K@K NMBCK QCP SQ?BMQ N?P? KMLGRMP?P ? FGBP?R?ŽM BC ?RJCR?Q  NMPK PCOSCPCK M K”LGKM BC
    RPCGL?KCLRMCCOSGN?KCLRMQ

    $xE@5@D5642>A@562G2=:2wv@529:5C2E2wv@
    K?LSRCLŽMB?K?QQ?AMPNMP?JCKK?GQMSKCLMQBMT?JMP?LRCQBMCVCPA”AGMGLBGA?CQR?BMBCCSGBP?R?ŽM  Q
    PCBSCQLMNCQMAMPNMP?JQSNCPGMPCQ?BMNCQMNP CVCPA”AGMGLBGA?K?ACL​RS?ŽMB?BCQGBP?R?ŽM3?@CJ? /?P?
    BCRCPKGL?P AMK CV?RGBŽM ? K?QQ? AMPNMP?J ?LRCQ BM CVCPA”AGM  NCJM KCLMQ RP‘Q KCBGB?Q AMLQCASRGT?Q B? K?QQ? AMPNMP?J
    PC?​JG​X?B?Q AMK ? NCQQM? BCQNGB? BCTCK QCP DCGR?Q ?N™Q M GL​BG​T”​BSM SPGL?P C GLECPGP ?JGKCLRMQ C J”OSGBMQ  TMLR?BC 
    $LRPCR?LRM ?QKSJFCPCQNMBCKNPCAGQ?PBCK?GQBCRP‘QKCBGB?Q SK?TCXOSC?D?QCBMAGAJMKCLQRPS?JGL¥SCLAG?MNCQM
    AMPNMP?J /MPCVCKNJM BSP?LRC?D?QCJžRC?BMAGAJMKCLQRPS?J ?ŠES?RMR?JBMAMPNMC AMLQCOSCLRCKCLRC ?K?QQ?
    AMPNMP?J NMBC?SKCLR?P?ROSGJMQ  K?QQ?AMPNMP?JN™Q CVCPA”AGMBCTCQCPBCRCPKGL?B?QCKPMSN??N™Q?PCKMŽM
    BCRMBMMQSMP.NCPACLRS?JB?PCBSŽMB?K?QQ?AMPNMP?JA?JASJ?BMNMPKCGMB?QCESGLRCCOS?ŽMK?QQ?AMPNMP?JNP
    CVCPA”AGM Z K?QQ? AMPNMP?J N™Q CVCPA”AGMK?QQ? AMPNMP?J NP CVCPA”AGM n   PCBSŽM B? K?QQ? AMPNMP?J BSP?LRC ?
    ?RGTGB?BCR?K@KNMBCQCPSQ?B?N?P?A?JASJ?P?OS?LRGB?BCBCJ”OSGBMOSCNPCAGQ?QCPGLECPGB?N?P?OSCMAMPNMPCRMPLC
    K?QQ?BC?LRCQBMCVCPA”AGM!MVC  QKSB?L?QLMQFŠ@GRMQ?JGKCLR?PCQCKMTGKCLRMQGLRCQRGL?GQ OSC?DCR?KMNCQM
    AMPNMP?JRMR?J AMLQRGRSCK?QJGKGR?CQBCQQCKRMBMBCAŠJASJMBMCQR?BMB?FGBP?R?ŽM

    '-.18- ?@-0;0-450>-@-ed;h:05/1?019-??-/;><;>-81/;>0-A>5:-

    83A0C0sr> 340;C4A0sr>34<0BB02>A?>A0; >A30DA8=0


    !CKFGBP?R?BM h MS
    #CQGBP?R?ŽMK”LGK? Z?Z MS
    #CQGBP?R?ŽMQGELG¤A?RGT? Z?Z MS
    #CQGBP?R?ŽMEP?TC 2SNCPGMP?Z 2SNCPGMP?

    B?NR?B?BC"?Q?,;(3
    AMPB?SPGL?R?K@KNMBCQCPSQ?B?N?P?DMPLCACPGLBGA?CQECP?GQQM@PCMCQR?BMB?FGBP?R?ŽM3?@CJ?C N?P?M
    EPŠ¤AM AMJMPGBM  AMLQSJRC "?Q? ,; (3   SPGL? AJ?P? GLBGA? FGBP?R?ŽM ?BCOS?B?  CLOS?LRM ? AMP A?B? TCX K?GQ CQASP?
    PCTCJ??SKCLRMB?BCQGBP?R?ŽM SRGJGX?ŽMB?AMPB?SPGL?L?BCRCPKGL?ŽMBMCQR?BMB?FGBP?R?ŽM?NPCQCLR?TŠPG?Q
    JGKGR?CQ . AMLQSKM BC ?JESLQ QSNJCKCLRMQ  AMKM N”JSJ?Q TGR?K”LGA?Q  NPMKMTC M CQASPCAGKCLRM B? SPGL? (LECPGP
    J”OSGBMQ ?N™Q ? QCQQŽM BC CVCPA”AGMQ PCQNMLQŠTCJ NCJ? BCQGBP?R?ŽM N?PAG?J PCQSJR? CK GLRCLQG¤A?ŽM B? NPMBSŽM SPGLŠPG?
    KSGRM ?LRCQ BM PCQR?@CJCAGKCLRM B? FGBP?R?ŽM 0S?LBM ? AMP B? SPGL?  SQ?B? N?P? ?HSB?P ? BCRCPKGL?P M CQR?BM BC
    FGBP?R?ŽM PCAMKCLB? QCOSC?NPGKCGP??KMQRP?BCSPGL?NPMBSXGB?NCJ?K?LFŽMSOSC?KMQRP?QBCSPGL?LMCQR?BMBC
    CSGBP?R?ŽMPCGBP?R?ŽM ?N™QMCVCPA”AGMQCH?KSQ?B?QL??T?JG?ŽM K?QQ?AMPNMP?JRMR?JC?AMPB?SPGL?R‘KNPCAGQŽM
    JGKGR?B?N?P?BCRCPKGL?PMCQR?BMBCFGBP?R?ŽM$LRPCR?LRM OS?LBMSQ?B?QCKAMLHSLRM MDCPCACKT?JGMQ?QGLDMPK?CQ?
    PCQNCGRMBMCQR?BMBCFGBP?R?ŽM 

    ,4& 
    757e+)4+=4),))9=)6<1,),-,-4h9=1,79=-8:-+1;);-:16/-:1,))8l;
    7-@-:+h+17
    #SP?LRC??RGTGB?BCD”QGA? OSGJMEP?K?QBMNCQMAMPNMP?JRMR?JQŽMNCPBGBMQ(QQMGLBGA??PCBSŽMBCNCQMCKŠES?
    BCOSGJMEP?K?Q CVAJSGLBM?PCNMQGŽMF”BPGA?BSP?LRC??RGTGB?BC0SCOS?LRGB?BCBCJ”OSGBMNPCAGQ?QCPGLECPGB?
    ?LRCQB?QCQQŽMQCESGLRCBC?RGTGB?BCD”QGA??¤KBCK?LRCP?FGBP?R?ŽM
    IEEKllBCJ”OSGBM
    LMQGQRCK?KRPGAMEKl
    AMNM l
    l lAMNM AMNMQ OR
    /?PRCBCQQCJ”OSGBMGLECPGBMCLRPC?QQPGCQBCCVCPA”AGMCJGKGL?B?L?DMPK?BCSPGL? JMEM NPCAGQ?QCPGLECPGB?
    SK? OS?LRGB?BC K?GMP BM OSC ? A?JASJ?B? . J”OSGBM BCTC QCP AMLQSKGBM CK NCOSCL?Q OS?LRGB?BCQ  AMKC?LBM
    GKCBG?R?KCLRC?N™QMCVCPA”AGM

    $xE@5@D=23@C2E@C:2:D562G2=:2wv@529:5C2E2wv@
    .Q KRMBMQ BC BGJSGŽM OSC BCRCPKGL?K ? ŠES? AMPNMP?J RMR?J NMP KCGM B? KCBGB? B? MQKMJ?JGB?BC BM NJ?QK? QŽM ?Q
    K?LCGP?QK?GQNPCAGQ?Q TŠJGB?QCQCLQ”TCGQBCA?JASJ?PMCQR?BMB?FGBP?R?ŽM $LRPCR?LRM LŽMQŽMNPŠRGAMQL?K?GMPG?
    B?QQGRS?CQ.TMJSKCSPGLŠPGM?KGAŽMBCTCQCPDPCOSCLRCCRCPTMJSKCLMPK?J NMBCQCPSQ?BMAMKMGLBGA?BMPECP?J
    BM CQR?BM B? FGBP?R?ŽM  AMLRSBM  SK NMSAM QS@HCRGTM C NMBC QCP AMLDSLBGBM NCJ? GLECQRŽM BC J”OSGBMQ C MSRPMQ
    D?RMPCQ  $LRPCR?LRM ?QKCBGB?QK?GQOS?LRG¤AŠTCGQCK?GQSQ?B?QBCEP?TGB?BCCQNCA”¤A?B?SPGL?CB?MQKMJ?JGB?BC
    SPGLŠPG? QŽM AMLQGBCP?B?Q MQ KCJFMPCQ GLBGA?BMPCQ BM CQR?BM B? FGBP?R?ŽM OS?LBM JMA?GQ C NCQQM?Q OS?JG¤A?B?Q CQRŽM
    BGQNML”TCGQN?P?AMLBSXGPCQQ?Q?T?JG?CQ!MVC  

    ! 

    %D>xE@5@D=23@C2E@C:2:D562G2=:2wv@529:5C2E2wv@Dv@>2:DAC64:D@D5@BF6@D>xE@5@D562G2=:2wv@5642>A@A@Cx>?v@Dv@
    246DD{G6:D@FACsE:4@D6>>F:E2DD:EF2w‚6D
    %D >xE@5@D 56 42>A@ 56 2G2=:2wv@ 52 9:5C2E2wv@ 56 C65Fwv@ 52 >2DD2 4@CA@C2= 5FC2?E6 2 2E:G:5256 6 52 4@C 52 FC:?2 A@56>
    7@C?646C:?7@C>2w‚6DG2=:@D2D2C6DA6:E@5@6DE25@569:5C2E2wv@
    %D >xE@5@D =23@C2E@C:2:D 56 2G2=:2wv@ 52 9:5C2E2wv@ >2:D 4@>F?D Dv@ @D 52 @D>@=2=:5256 FC:?sC:2 6 52 8C2G:5256 6DA64{L42 52
    FC:?2

    ,4&  ;


    >)41)dc7,7-;<),7,-01,:)<)dc7
    "1GB5>35 B=CDB?>7
    / 
    96-,::69
    <4(5,9-694(5*,()69(;69@
    ,7(9;4,5;6-05,:0636.@
    "50=,9:0;@6-655,*;0*<;
    ;699:!

     @M? Q?ž​BC  ? BGECQRŽM  M KCR?@MJGQKM C M BCQCKNCLFM D”QGAM ​GBC?J PCOSCPCK OSC QC CTGRC ? BCQGBP?R?ŽM /MP
    CVCKNJM  ? PCBSŽM BC  ?  BM NCQM AMPNMP?J BGKGLSG ? DMP? C ? NMR‘LAG? ​KSQASJ?P CK ACPA? BC  C 
    PCQNCARGT?KCLRC . KCQKM L”TCJ BC BCQGBP?R?ŽM PCBSX M BCQCKNCLFM CK ?RGTGB?BCQ BC ,5+<9(5*, BC ?JR?
    GLRCLQGB?BCNCV AMPPGB?BCBGQR‹LAG? CK?NPMVGK?B?KCLRC
    "MKME?LFMQCNCPB?QF”BPGA?QMAMPPCKBCK?LCGP?AML​R”​LS?C?PCBCBMQAMKN?PRGKCLRMQF”BPGAMQAMPNMP?GQN
    CV J”OSGBMGLRP?ACJSJ?PMSCVRP?ACJSJ?P Q?LESCAGPASJ?LRC AMKNJCV? SK?žLGA?KCBGB?GLA?N?XBCPCNPCQCLR?P
    AMK C¤AŠAG? M CQR?BM B? FGBP?R?ŽM CK RMB?Q ?Q QGRS?CQ #SP?LRC MQ NCP”M_ MQ BC RPCGL?KCLRM MS AMKNCRGŽM
    OS?LBM MQ AMKN?PRGKCLRMQ F”BPGAMQ KSB?K AML​RG​LS?KCLRC  SK? žLGA? KCBGB? BMQ J”OSGBMQ AMPNMP?GQ LŽM 
    QS¤AGCLRCN?P?DMPLCACPGLDMPK?CQTŠJGB?QQM@PC?ŠES?AMPNMP?JRMR?JCAMLACLRP?ŽMBMQJ”OSGBMQAMPNMP?GQ
    0S?LBM QC BCQCH? ?T?JG?P M CQR?BM BC FGBP?R?ŽM BSP?LRC M RPCGL?KCLRM D”QGAM MS ?Q ?RGTGB?BCQ BGŠ​PG?Q  ? KCJFMP
    ?@MPB?ECKCLTMJTC?AMKN?P?ŽMB?QGLDMPK?CQNPMBSXGB?QNMPBMGQMSK?GQ”LBGACQBCFGBP?R?ŽM.QN?PŠEP?DMQ
    QCESGLRCQBCQAPCTCKAGLAMRALGA?QQGKNJCQC@?P?R?QOSCNMBCKMQSQ?P
     965B5>k145@5C?3?B@?B1<  ?JRCP?ŽMBMNCQMAMPNMP?JSKKRMBMC¤A?XBC?T?JG?P?FGBP?R?ŽM QCLBM
    CQNCAG?JKCLRC ?NPMNPG?BM N?P? KCBGP ? FGBP?R?ŽM OSC MAMPPC ?M JMLEM BC NMSA?Q FMP?Q #C K?LCGP? KSGRM
    QGKNJCQ  ? PCBSŽM BM NCQM AMPNMP?J  GES?J  NCPB? F”BPGA? AMK AMPPCŽM BM NCQM B? GLECQRŽM ?JGKCLR?P C
    J”OSGB? B?QNCPB?QSPGLŠPG?Q DCA?GQCB?QSBMPCQC 
    -MACLŠPGM?RJRGAM NPCAGQMM@RCPMNCQMAMPNMP?J@?Q?J2SPNPCCLBCLRCKCLRC NMSAMQGL​BG​T”​BSMQAMLFCACK
    CQQCLžKCPMRŽMGKNMPR?LRC4KKMBMQGKNJCQBCBCQAM@PGPMNCQMAMPNMP?J@?Q?JKCBG JMCKMSK?LFŽQ
    AMLQCASRGT?Q?N™Q?CT?AS?ŽM NMPK?LRCQB??JGKCLR?ŽM0S?LBMRP‘QKCBGB?QQCCLAMLRP?KL?T?PG?ŽMBC
    IEBCA?B?SK?CKK?LFŽQBGDCPCLRCQ MT?JMPKBGMPCNPCQCLR?MNCQMAMPNMP?JCV?RM
     SPGL?  AMLACLRP?B? C M TMJSKC SPGLŠPGM  @?GVM OS?LBM M AMPNM CQRŠ BCQGBP?R?BM C AMLQCPT?LBM ŠES?
    0S?LBMFŠSKCVACQQMRCKNMPŠPGMBCŠES? ?SPGL?BGJS”​B?C?@SLB?LRC$QQ?Q?JRCP?CQL?QA?P?ARCP”QRGA?QB?
    SPGL?DMPLCACKRP‘QMNCQBC?T?JG?ŽMBMCQR?BMBCFGBP?R?ŽM
     ,?<E=5 EB9>gB9? 45  8  "MJCRC RMB? ? SPGL? NPMBSXGB? ?M JMLEM BM BG? CK SK PCAGNGCLRC NJŠQRGAM JGKNM
    4K?KSJFCPQ?SBŠTCJNPMBSX lBCSPGL?NMPBG? CLOS?LRMMFMKCKQ?BGMCVAPCR? lNMPBG? QAPG?L?Q
    CLRPCC?LMQBCGB?BCNPMBSXCKNPMNMPAGML?JKCLRCKCLMQSPGL?NMPBG? ?QQGKAMKMMQ?BSJRMQAMKK?GQ
    BC?LMQ
     B1F941455C@53o{3141EB9>1 "MJMOSC?JESK?QEMR?QBCSPGL?L?NJ?R?DMPK?BCSKPCDP?RšKCRPMNMPRŠRGJC
    ?NMLRCN?P?SK?DMLRCBCJSX$QQCBGQNMQGRGTMKCBC?BCLQGB?BCK?QQ?NMPTMJSKC B??KMQRP?BCSPGL?CK
    PCJ?ŽMBCLQGB?BCB?ŠES?3MBMJ”OSGBMK?GQBCLQMOSC?ŠES?PCTCJ?EP?TGB?BCCQNCA”¤A?K?GMPOSC
    -MQCQR?BMQBCBCQGBP?R?ŽM ?EP?TGB?BCCQNCA”¤A?B?SPGL?CVACBC NMPK OS?LBMQCAMLQMKCŠES?CK
    CVACQQM MQT?JMPCQT?PG?KBC?.QCQNAGKCQBCSPGL?LMPK?JT?PG?KBC?LMQ?BSJRMQ
    Q?SBŠTCGQ
     ?B 41 EB9>1   AMP B? SPGL? NCPKGRC SK? CQRGK?RGT? žRGJ BM CQR?BM BC FGBP?R?ŽM BSP?LRC ?Q ?RGTGB?BCQ
    AMRGBG?L?Q  JCGRSP? ​TGQS?J Y?K?PCJM NŠJGBM^ MS YAMP BC N?JF?^ GLBGA? OSC QC L? D?GV? BC  BM NCQM AMPNMP?J
    @?Q?JTCPGRCKLCQRC@MVC "MPCQK?GQCQASP?QAMKM?K?PCJM CQASPM @PMLXC PCNPCQCLR?KL”TCGQAPCQACLRCQ
    BCBCQGBP?R?ŽM
     )545   RCLQŽM ¤QGMJ™EGA? 0 ,  RCKNCP?RSP? AMPNMP?J C DPC​OS‘LAG? A?PB”?​A? KSGRM K?GQ CJCT?B?Q  ?SKCLR?
    OS?LBM QC NCPBC ?NCL?Q  MS  BC NCQM AMPNMP?J #? KCQK? K?LCGP?  OS?LBM CQR?KMQ AMK YSK NMSAM BC
    QCBC^ MSAMKYQCBCKMBCP?B?^ CQR?KMQJCTCKCLRCBCQGBP?R?BMQCKMSBMNCQMAMPNMP?J$LRPCR?LRM 
    GKNMPR?LRCNCPAC@CPOSCMSRPMQD?RMPCQNMBCKGL¥SCLAG?P?QCBC GLAJSQGTCMN?J?B?P MTMJSKCCMQAMLRCž _ MQ
    BMJ”OSGBM$K@MP??QCBCMDCPC?SK?CQRGK?RGT?BMEP?SB?BCQGBP?R?ŽM CJ?QCPTCK?GQN?P?LMQJCK@P?PBC
    GLECPGPK?GQJ”OSGBM

    9184;>-.;>0-319
    #SP?LRC ?Q ?RGTGB?BCQ BGŠ​PG?Q  OS?LBM MQ AMKN?PRGKCLRMQ F”BPGAMQ CQRŽM AMLQR?LRCKCLRC ¥SRS?LBM BCTGBM ?M
    AMLQSKML?QPCDCGCQ QNCPB?QSPGLŠPG?QCQSBMPCQC SK?žLGA?RALGA?LŽMDMPLCACGLDMPK?CQTŠJGB?QQM@PC
    BCQGBP?R?ŽM KCJFMP?@MPB?ECKCLTMJTCAMKN?P?ŽMB?QGLDMPK?CQBCBMGQMSK?GQBMQ”LBGACQBCFGBP?R?ŽM
    KCLAGML?BMQ ?LRCPGMPKCLRC 0S?LBM KRMBMQ BGDCPCLRCQ AMLAMPB?K  NMBCKMQ AML¤?P L?Q GLDMPK?CQ L?OSCJC
    KMKCLRM2C?QRALGA?QLŽMAMLAMPB?K QŠ@GMGLECPGPK?GQJ”OSGBMCPCNCRGP?QKCBGB?Q?N™Q?JESK?QFMP?Q,?Q
    JCK@PC QC BC LŽM GLECPGP J”OSGBMQ CK BCK?QG? . AMLQSKM CVACQQGTM BC J”OSGBMQ NMBC MA?QGML?P BMCL​?Q C ?R
    KCQKM?KMPRCCKA?QMQCVRPCKMQ

    %121>g:/5-?
     PKQRPMLE+$ QQCQQGLEFWBP?RGMLQR?RSQ3FCCJSQGTCEMJBQR?LB?PB) K"MJJ-SRP 2Z2
     PKQRPMLE +$  'CPPCP? 2MRM )  '?AICP %3  CR ?J 4PGL?PW GLBGACQ BSPGLE BCFWBP?RGML  CVCPAGQC  ?LB PCFWBP?RGML (LR )
    2NMPR-SRP$VCPA,CR?@Z
     )SBCJQML# ,?PCQF",  LBCPQML), CR?J'WBP?RGML?LBKSQASJ?PNCPDMPK?LAC#MCQ¥SGB@?J?LAC?DDCARQRPCLERF
    NMUCP?LBFGEF GLRCLQGRWCLBSP?LAC2NMPRQ,CB-CU9C?J?LB Z

    8?>=0CA4<80

    $K@MP??GLECQRŽMGLQS¤AGCLRCBCŠES?CMSRPMQJ”OSGBMQNMQQ?PCQSJR?PCKBCQGBP?R?ŽM AMLQSKGPKSGR?ŠES?R?K@K
    NPCHSBGAG?J  89@?>1DB5=91  R?K@K AF?K?B? BC YGLRMVGA?ŽM NMP ŠES?^  AMLQRGRSG ? @?GV? AMLACLRP?ŽM BC Q™BGM LM
    Q?LESC?KKMJãlZ LMPK?JKCLRCAMLQCOSCLRCGLECQRŽMCVACQQGT?BCŠES?$QQ?AMLBGŽMNPMBSXBCQCOSGJ”@PGM
    MQK™RGAM  M OSC NPMKMTC M KMTGKCLRM BC J”OSGBM N?P? M CLAD?JM  A?SQ?LBM CBCK? ACPC@P?J . CBCK? NMBC A?SQ?P
    BCQMPGCLR?ŽM  AMLDSQŽM  DP?OSCX? ECLCP?JGX?B?  APGQCQ BC EP?LBC K?J  AMK? C NMQQGTCJKCLRC KMPRC    JESLQ
    CQNCAG?JGQR?Q?NMLR?KOSC?A?SQ?B?@?GV?AMLACLRP?ŽMBCQ™BGMLMQ?LESCQCH??GLECQRŽMBCEP?LBCQTMJSKCQBCJ”OSGBM
    AMK @?GVM AMLRCž​BM BC Q™BGM ?M JMLEM BC TŠPG?Q FMP?Q  M OSC NMBC QCP CV?ACP@?BM NCJ? NCPB? BC Q™BGM LM QSMP $QQ?
    RCMPG?B?FGNML?RPCKG?MKMRGTMNCJMOS?JMQ™BGMGLAJS”​BML?Q@C@GB?QBCPCGBP?R?ŽM AMKM?Q@C@GB?QCQNMPRGT?Q 
    N?P? KGLGKGX?P ? NMQQG@GJGB?BC BC FGNML?RPCKG? .SRPMQ CQNCAG?JGQR?Q ?NMLR?K OSC ? FGNML?RPCKG? QCH? PCQSJR?LRC B?
    KM@GJGX?ŽM GLQS¤AGCLRC B?Q PCQCPT?Q BC Q™BGM BCLRPM BM AMPNM CK PCQNMQR?  GLECQRŽM BCK?QG?B? BC EP?LBCQ TMJSKCQ
    F”BPGAMQ MS AMLTCPQŽM B?Q PCQCPT?Q BC Q™BGM MQKMRGA?KCLRC ?RGT?Q LM Q?LESC CK Q™BGM GLRP?ACJSJ?P  M OSC PCBSX ?
    AMLACLRP?ŽM Q?LES”​LC? $QQCQ CQNCAG?JGQR?Q QSECPCK OSC ? FGNML?RPCKG? NMBC QCP CTGR?B? NCJ? LŽM GLECQRŽM BC
    OS?LRGB?BCQ CV?ECP?B?Q BC J”OSGBM BSP?LRC M CVCPA”AGM "MLRP?PG?KCLRC  ? FGNML?RPCKG? NMBC MA?QGML?P ? NCPB?
    BCK?QG?B?BC-? Q™BGM LMQSMP/MP¤K @?QR?LRCNPMTŠTCJOSC?@?GV?AMLACLRP?ŽMBCQ™BGMLMQ?LESCBCAMPPCLRCBM
    AMLQSKMCVACQQGTMBCŠES?CVCP?CDCGRMQQGKGJ?PCQ@?GV?OS?LRGB?BCBCQ™BGMQ?LES”​LCMPCQSJR?LRCB?QSBMPCQCNPMDSQ?C
    B?NCPB?BCQ™BGMAMLAMKGR?LRC0S?LBMAMKNCRCKCKK?P?RML?QCSJRP?K?P?RML?Q ?QKSJFCPCQNMBCKCQR?PQM@PGQAM
    K?GQ CJCT?BM BC BCQCLTMJTGKCLRM BC FGNML?RPCKG? BM OSC MQ FMKCLQ #GTCPQMQ NMQQ”TCGQ D?RMPCQ  NQGAMJ™EGAMQ C
    ¤QGMJ™EGAMQ NMBCKCVNJGA?PMPGQAMK?GQ?JRML?QKSJFCPCQ NMPK?A?SQ?CV?R??GLB?LŽMDMGAJ?P?KCLRCCVNJGA?B? 
    2CH?OS?JDMP?A?SQ?CQNCA”¤A?B?FGNML?RPCKG? QS?MAMPP‘LAG?NMBCQCPK?GMPCK?RJCR?QBC<3;9(,5+<9(5*,OSCAMKNCRCK
    LMA?JMP

    ! 
     9:A@?2EC6>:2 x @ 32:I@ 4@?E6ƒ​5@ 56 D5:@ D2?8F{​?6@ BF6 C6DF=E2 6> >@G:>6?E@ 56 ={BF:5@ A2C2 @ 6?4x72=@ 42FD2?5@ 656>2
    46C63C2=656D@C:6?E2wv@4@?7FDv@7C2BF6J286?6C2=:J2524C:D6D568C2?56>2=4@>26A@DD:G6=>6?E6>@CE6
     9:A@?2EC6>:2 A@56 D6C @42D:@?252 A@C :?86DEv@ 56 G@=F>6D 9{5C:4@D 6I46DD:G@D 4@> 32:I@ 4@?E6ƒ​5@ 56 D5:@ >@3:=:J2wv@
    :?DFL4:6?E6 52D C6D6CG2D 56 D5:@ 6> C6DA@DE2 u :?86DEv@ 56 8C2?56D G@=F>6D 56 ={BF:5@ @F 4@?G6CDv@ 52D C6D6CG2D 56 D5:@
    @D>@E:42>6?E62E:G2D?@D2?8F66>D5:@:?EC246=F=2C@BF6C65FJ24@?46?EC2wv@D2?8F{​?62

    #0=DC4=sr>30783A0C0sr>

    AMLQCPT?ŽMB?FGBP?R?ŽMGKNMPR?LRCN?P??K?LSRCLŽMBMBCQCKNCLFMD”QGAMCBCNCLBCLŽM?NCL?QB?FGBP?R?ŽM
    BSP?LRC ? ?RGTGB?BC  K?Q R?K@K B? GLECQRŽM BC J”OSGBMQ ?LRCQ C BCNMGQ B? ?RGTGB?BC  BC KMBM OSC ? PCBSŽM B?
    OS?LRGB?BCRMR?JB?ŠES?AMPNMP?JLŽMMAMPP?AMLDMPKC?QQPGCQQSACQQGT?QBCCVCPA”AGMTŽMQCLBMPC?​JG​X?B?Q$KTGPRSBC
    BMQKSGRMQD?RMPCQOSCNMBCK?DCR?P?FGBP?R?ŽMC?GLECQRŽMBCJ”OSGBMQ PCAMKCLB? QC?CJ?@MP?ŽMBCNJ?LMQGL​BG​TG​
    BS?JGX?BMQ BC FGBP?R?ŽM ? ¤K BC CTGR?P ? NCPB? BC NCQM AMPNMP?J QSNCPGMP ?  BSP?LRC ? ?RGTGB?BC ,SGRMQ D?RMPCQ
    NMBCKN?PRGAGN?PBCQQCNJ?LMBCFGBP?R?ŽMGL​BG​TG​BS?J AMKM?NPCQQŽMOSC?JESLQ?RJCR?QQMDPCKN?P?YD?XCPNCQM^AMKM
    M@HCRGTM BC AMKNCRGP CK SK? A?RCEMPG? BC NCQM CQNCA”¤A?  M ?SKCLRM B? QSQACRG@GJGB?BC  BCQGBP?R?ŽM AMK @?QC L?Q
    CVNCPG‘LAG?QN?QQ?B?QAMKGQQMCMCQR?@CJCAGKCLRMB?QMNMPRSLGB?BCQBCPCGBP?R?ŽM?LRCQ BSP?LRCCBCNMGQB??RGTGB?BC
    N?P?GLECQRŽMF”BPGA?#GPCRPGXCQBCFGBP?R?ŽMDMP?KBCQCLTMJTGB?QCNMBCKQCPTGPBCNMLRMBCN?PRGB?N?P??CJ?@MP?ŽM
    BMNJ?LMBCFGBP?R?ŽMGL​BG​TG​BS?JGX?BM

    :C6EC:K6D569:5C2E2wv@
    QBGPCRPGXCQBCFGBP?R?ŽMDMP?KBCQCLTMJTGB?QNMPNPM¤QQGML?GQNPCMASN?BMQAMK?K?LSRCLŽMBMCQR?BMBCFGBP?R?ŽM
    Q?SBŠTCJBSP?LRC??RGTGB?BCD”QGA?.QBMGQEPSNMQBCBGPCRPGXCQGJSQRP?BMQL?3?@CJ?PCTCJ?KBGDCPCL?QAMKPCJ?ŽM
    OS?LRGB?BC C ?M KMKCLRM B? GLECQRŽM F”BPGA? ?LRCQ  BSP?LRC C BCNMGQ B? ?RGTGB?BC N?P? AMLQCPT?P ? FGBP?R?ŽM Q
    BGPCRPGXCQCQRŽMBC?AMPBMAMK?QNPGLAGN?GQOSCQRCQB?K?LSRCLŽMB?FGBP?R?ŽMOSCNMQQG@GJGR?KMBCQCKNCLFM​GBC?J
    BSP?LRC ? ?RGTGB?BC . BCQCLTMJTGKCLRM BC BGPCRPGXCQ SLGTCPQ?GQ  BGD”AGJ  NMGQ ?Q R?V?Q BC QSBMPCQC QŽM GL¥SCLAG?B?Q NMP
    KSGRMQD?RMPCQ GLAJSQGTCBGDCPCL?QL?QR?V?QBCQSBMPCQCGL​BG​TG​BS?GQKCQKMBSP?LRCMKCQKMRGNMBC?RGTGB?BC BGQRGLCQ
    CLRPC?QR?V?QBCQSBMPCQCCQNCA”¤A?Q?MQBGDCPCLRCQRGNMQBC?RGTGB?BCQNCV AMPPCPSK?K?P?RML?=,9:<:HME?PDSRC@MJ
    RGNMBCPMSN?SQ?B? CQR?BMBMRPCGL?KCLRMCAMLBGCQ?K@GCLR?GQAMKMRCKNCP?RSP? SKGB?BCCTCLRM #CQQCKMBM
    ?Q BGPCRPGXCQ BCTCK QCP CLA?P?B?Q AMKM SK NMLRM BC N?PRGB? N?P? M BCQCLTMJTGKCLRM BMQ NJ?LMQ BC FGBP?R?ŽM
    ASQRMKGX?BMQCGL​BG​TG​BS?JGX?BMQN?P???RGTGB?BCCKN?P​RGASJ?P 

    '-.18-
    5>1@>5E1?<->-;/;:?A9;018h=A50;?

    <4A820=>;;464>5)?>ACB#43828=4 $0C8>=0;C7;4C82*A08=4ABBB>280C8>=
    LRCQBMCVCPA”AGMF?LRCQBMCTCLRM @C@?JCLR?KCLRCACPA?BC? LRCQBMCVCPA”AGM?F?LRCQBMCTCLRM
    KlãIEZQCLŽMFMSTCPNPMBSŽMBCSPGL?MS?SPGL?DMPCQASP? F @C@??NPMVGK?B?KCLRC?Kl ?
    ?LRCQBMCTCLRM AMLQSK?ACPA?BC?lãFZ KGL?LRCQBMCTCLRM AMLQSK??Kl

    #SP?LRCMCVCPA”AGMNJ?LMQASQRMKGX?BMQQŽMKCJFMPCQSK@MKNMLRM #SP?LRCMCVCPA”AGM@C@??Kl?A?B?
    BCN?PRGB?GLECPGP ? lãFZBSP?LRCMCVCPA”AGMCVRPCKM ?KGL
    N™QMCVCPA”AGMQCMRCKNMNCPKGRGP PCDCGCQCJ?LAFCQLMPK?GQAMK N™QMCVCPA”AGMGBC?JKCLRC CKF AMLQSK?
    ŠES?QS¤AGCLRCPCQR?SP?PŽM?CSGBP?R?ŽMPCGBP?R?ŽM?EPCQQGT?@C@? J”OSGBMQS¤AGCLRCN?P?PCNMPMNCQMAMPNMP?J
    ACPA?BC lBCJ”OSGBMN?P?A?B?OSGJMEP?K?BCNCQMAMPNMP?JNCPBGBM NCPBGBMPCGBP?R?ŽMPŠNGB?GLEGP??
    K?GQJ”OSGBMBMOSCMQSMPNCPBGBMN?P?
    AMKNCLQ?P?NCPB?SPGLŠPG?BSP?LRC?
    PCGBP?R?ŽM

    .QBMGQEPSNMQBCBGPCRPGXCQCQRŽMBC?AMPBMOS?LRMOSCQRŽMOSCRMBMQMQGL​BG​T”​BSMQBCTCKAMKC?P??RGTGB?BCLM
    CQR?BMBCCSGBP?R?ŽMCOSCBCTCKRCLR?PK?LR‘ JMBSP?LRC??RGTGB?BC CLOS?LRMPCAMKCLB?K?PCGBP?R?ŽMCDCRGT??N™Q?
    AMLAJSQŽMB??RGTGB?BC"MLAMPB?K R?K@K CKMSRPMQ?QNCARMQGKNMPR?LRCQB?AMLQCPT?ŽMB?FGBP?R?ŽM/PGKCGPM M
    J”OSGBMBCTCQCPN?J?RŠTCJ ECJ?BMj"?j"MSBCj"?j" CAMLRCPCJCRP™JGRMQ$LRPCR?LRM N?P?KSGRMQ?RJCR?Q
    C ?RGTGB?BCQ  ?JGKCLRMQ JGECGP?KCLRC Q?JE?BMQ QŽM QS¤AGCLRCQ N?P? QSQRCLR?P M COSGJ”@PGM FGBPCJCRPMJ”RGAM ?NPMNPG?BM
    $K@MP??OS?LRGB?BCBCJ”OSGBMOSCBCTCQCPAMLQSKGB?BSP?LRC??RGTGB?BCQCH??DCR?B?NCJMRGNMBC?RGTGB?BCPC?​JG​X?B?C
    NCJ?QAMLBGCQ?K@GCLR?GQNPCQCLRCQ MQJ”OSGBMQBCTCKCQR?PNPMLR?KCLRCBGQNML”TCGQ?MQ?RJCR?QBSP?LRCRMBMQMQRGNMQ
    BC?RGTGB?BCQCKRMB?Q?QAMLBGCQAJGKŠRGA?Q
    6D6?G@=G:>6?E@5@A=2?@569:5C2E2wv@
    .QNJ?LMQBCFGBP?R?ŽMGL​BG​TG​BS?JGX?BMQBCTCKQCPBCQCLTMJTGBMQN?P?K?LRCP?CSGBP?R?ŽMBSP?LRCMRPCGL?KCLRMC?
    AMKNCRGŽM .Q N?QQMQ CK BGPCŽM  AMLQCPT?ŽM B? FGBP?R?ŽM CLTMJTCK GLECQRŽM F”BPGA? ?LRCQ  BSP?LRC C BCNMGQ BM
    RPCGL?KCLRM MS B? AMKNCRGŽM !MVC   Q CR?N?Q ?NPCQCLR?B?Q SQ?K ?NCL?Q K?QQ? AMPNMP?J C AMP B? SPGL? AMKM
    GLBGA?BMPCQ BM CQR?BM BC FGBP?R?ŽM  NMGQ CQQ?Q QŽM KCBGB?Q BGQNML”TCGQ L? K?GMPG? B?Q QGRS?CQ ,CBGB?Q J?@MP?RMPG?GQ
    K?GQQCLQ”TCGQBMCQR?BMB?FGBP?R?ŽMNMBCKQCPGLAMPNMP?B?Q?MNJ?LMBCFGBP?R?ŽMGL​BG​TG​BS?JGX?BMOS?LBMBGQNML”TCGQ
    .QN?QQMQDMPLCAGBMQ?OSGBCTCKQCPTGP?NCL?QAMKMNMLRMBCN?PRGB?LMBCQCLTMJTGKCLRMBMQNJ?LMQBCFGBP?R?ŽMGL​BG​
    TG​BS?JGX?BMQ #CNMGQ BGQQM  MQ NJ?LMQ NPCAGQ?K QCP KMBG¤A?BMQ BC ?AMPBM AMK MQ KSGRMQ D?RMPCQ OSC NMBCK ?DCR?P ?
    FGBP?R?ŽMCAMK?QMNMPRSLGB?BCQBCGLECQRŽMBCJ”OSGBMQBSP?LRCMCVCPA”AGMCMQCTCLRMQCQNMPRGTMQvNMQQ”TCJOSCM
    NJ?LM BC FGBP?R?ŽM NPCAGQC QCP KMBG¤A?BM AMLDMPKC QC ?NPMVGK? ? RCKNMP?B? BC RPCGL?KCLRM C BC AMKNCRGŽM /MP
    CVCKNJM  NMBC QCP LCACQQŠPGM GLRCLQG¤A?P ? GLECQRŽM F”BPGA? ?LRCQ  BSP?LRC C BCNMGQ B? ?RGTGB?BC BC ?AMPBM AMK ?
    NPMEPCQQŽMB?RCKNMP?B?BMGL”AGMB?NPGK?TCP??RM¤L?JBMTCPŽM NMGQMA?JMPC?SKGB?BCEP?BS?JKCLRC?SKCLR?K
    AMKM?T?LMB?RCKNMP?B?

    ,4&  
    =)1;;c77;8);;7;8:`<1+7;9=-)2=,)5)5)6<-:)-=1,:)<)dc7
     #CRCPKGLC?K?QQ?AMPNMP?JNP CVCPA”AGMCV?R?SQ?LBM NCJMKCLMQ RP‘QKCBGB?QB?K?QQ?AMPNMP?JPC?​JG​X?B?Q
    QCKPMSN??N™QSPGL?PCGLECPGP?JGKCLRMQCJ”OSGBMQTMLR?BC
     MBCRCPKGL?P?K?QQ?AMPNMP?JNP CVCPA”AGM TCPG¤OSCMCQR?BMB?FGBP?R?ŽMSQ?LBM?AMPSPGLŠPG?3?@CJ?
    C%GESP? 
     2C ? AMP B? SPGL? LŽM GLBGA?P CSGBP?R?ŽM  LŽM SRGJGXC CQQ? KCBGB? B? K?QQ? AMPNMP?J ?LRCQ BM CVCPA”AGM LM
    AŠJASJMB?KBG?B?K?QQ?AMPNMP?JNP CVCPA”AGM
     4RGJGXC?QBGPCRPGXCQBCFGBP?R?ŽM?LRCQ BSP?LRCCBCNMGQBMCVCPA”AGM3?@CJ? N?P?AMLQCPT?P?FGBP?R?ŽM
    BSP?LRCMRPCGL?KCLRMC?AMKNCRGŽM
     #C¤L??K?QQ?AMPNMP?JN™Q ?RGTGB?BCQCKPMSN?Q?N™QQCA?PRMBMMQSMP
     "?JASJCMNCPACLRS?JBCPCBSŽMB?K?QQ?AMPNMP?JSQ?LBM?QCESGLRCCOS?ŽMK?QQ?AMPNMP?JNP CVCPA”AGMZ
    K?QQ?AMPNMP?JN™Q CVCPA”AGMK?QQ?AMPNMP?JNP CVCPA”AGMn
     HSQRC ? GLECQRŽM F”BPGA? ?LRCQ  BSP?LRC C BCNMGQ B? ?RGTGB?BC N?P? ?NPCQCLR?P NCPACLRS?J BC NCPB? BC K?QQ?
    AMPNMP?JCKQPGCQAMLQCASRGT?QBC?RGTGB?BCBCKCLMQBC
     5CPG¤OSC?CSGBP?R?ŽMSQ?LBM?K?QQ?AMPNMP?JC?AMPB?SPGL??LRCQB?QQCQQCQAMLQCASRGT?QBCCVCPA”AGM
     ACPRC ? GLECQRŽM F”BPGA? ?LRCQ  BSP?LRC C BCNMGQ B? ?RGTGB?BC N?P? K?LRCP ? K?QQ? AMPNMP?J CK  B? K?QQ?
    AMPNMP?JKBG??LRCQBMCVCPA”AGMC?AMPB?SPGL?L?T?PG?ŽMOSCGLBGA?CSGBP?R?ŽM

    012%,%&$"0,

    6<
    5MA‘ KMP? CK ,GLLCQMR? C CQRŠ RPCGL?LBM N?P? ? K?P?RML? BC RJ?LR? LM KCGM BM TCPŽM . AJGK? LM LMPRC BC
    ,GLCQQMR? MLBCTMA‘KMP?CRPCGL? ECP?JKCLRCK?GQDPGMCKCLMQžKGBMOSCCK RJ?LR?"MKMLŽMCQRŠ?B?NR?BM
    ?M?K@GCLRCOSCLRCCžKGBM TMA‘?NPCQCLR?SK?AMLACLRP?ŽMBCQ™BGMK?GQCJCT?B??KKMJãlZ LMQSMPBM
    OSC?RJCR?Q?AJGK?RGX?BMQ?M?K@GCLRCOSCLRCCžKGBM?KKMJãlZ "MKMTMA‘LŽMCQRŠ?AMQRSK?BMAMKMAJGK?
    BC RJ?LR? MLBCQCPŠPC?​JG​X?B??K?P?RML? SK?NMRCLAG?JNCPB?K?GQ?ACL​RS?B?BCQ™BGMLMQSMPNMBCAMJMAŠ JMCK
    PGQAMK?GQ?JRMBCBCQCLTMJTCPFGNML?RPCKG?

    A
    .O?@;NIL?MFB?=IFI=;G?GLCM=I>?BCJIH;NL?GC;
    .O?;>;JN;‹ŠIHINL?CH;G?HNIPI=JI>?@;T?LJ;L;M?JL?J;L;LJ;L;;G;L;NIH;
    !?P?;OG?HN;L;CHA?MNŠI>?FKOC>IM;INL?CH;L?=IGJ?NCL?G=FCG;G;CMKO?HN??G;CMšGC>I>IKO??MN†
    ;=IMNOG;>I
    9A
    -;L;L?>OTCL;J?L>;>?M•>CIHIMOIL
    PI=JI>?NL?CH;L?G;G<C?HN?G;CMKO?HN??G;CMšGC>IJILOGJ?LI​>I
    ;>C;M;VG>?M?;>;JN;L;I=;FIL
    IKO?>?P?L?MOFN;L?G>CGCHOC‹ŠI>;J?L>;>?M•>CIHIMOIL
    -I>? M?L KO? PI= ;=L?>CN? KO? Œ JL?=CMI CHA?LCL AL;H>?M PIFOG?M >? FKOC>I J;L; =IGJ?NCL H; G;L;NIH; >?
    NF;HN;  3;F? F?G<L;L KO?
     ?G =IGJ;L;‹ŠI =IG IM ;NF?N;M KO? HŠI ;JL?M?HN;G BCJIH;NL?GC;
     ;KO?F?M KO?
    G;HC@?MN;GM?OMMCHNIG;M>?GIHMNL;GJ?L>;;J?H;MGI>?L;>;>?J?MI=ILJIL;F
    IKO?
    JILMO;P?T
    JI>?M?L
    ;NLC<O​>I‰CHA?MNŠI>?AL;H>?MPIFOG?M>?FKOC>IBCJIN–HC=I>OL;HN?I?R?L==CI -IL?R?GJFI
    IM;NF?N;MKO?
    J;L?=?GN?LBCJIH;NL?GC;HINLC;NFI"*'&%&L?>OT?G?G
    KOCFIAL;G;M;G;MM;=ILJIL;F>OL;HN?I?P?HNI
    ?G =IGJ;L;‹ŠI ‰ L?>O‹ŠI >; G;MM; =ILJIL;F >? 
     KOCFIAL;G;M >IM ;NF?N;M KO? HŠI J;L?=?L;G N?L
    BCJIH;NL?GC;  FŒG >CMMI
     OG >IM ;NF?N;M KO? MI@L?O BCJIH;NL?GC; <?<?O  l >? FKOC>I >OL;HN? ; =ILLC>; ?
    ;OG?HNIO?G
    EA;G;MM;=ILJIL;FNIN;F MMCG
    ?G<IL;?RCMN;;H?=?MMC>;>?>?CHA?LCLFKOC>IM>OL;HN?;
    =IGJ?NC‹ŠI
     Œ JL?=CMI N?L =OC>;>I J;L; HŠI =IHMOGCL FKOC>I =IG <;CRI =IHN?š​>I >? M•>CI ?G ?R=?MMI
     JICM
    CMMI JI>? ;>C=CIH;L LCM=I >? BCJIH;NL?GC;  "MM;M G?>C>;M >?P?G GCHCGCT;L ; =B;H=? >? >?M?HPIFPCG?HNI >?
    BCJIH;NL?GC;

    6<
    5MA‘  M RPCGL?BMP BC SK RGKC BC DSRC@MJ SLGTCPQGRŠPGM v ?EMQRM C ? COSGNC CQRŠ ¤A?LBM NPMLR? N?P? AMKC?P ?Q
    NPŠRGA?QB?NP RCKNMP?B? ?QOS?GQGLAJSCKBS?QQCQQCQNMPBG?.RCKNMOSCLRCBC?EMQRM QM@PCRSBMLMQSJ MLBC
    ¤A? JMA?JGX?B? ? CQAMJ?   SK? NPCMASN?ŽM LCQQCQ BG?Q TGEMPMQMQ B? NP RCKNMP?B?  NMGQ NMBC QC CQNCP?P OSC MQ
    HME?BMPCQQSCKNPMDSQ?KCLRC5MA‘Q?@COSC?BCQGBP?R?ŽMJGKGR?MBCQCKNCLFMBMQ?RJCR?QC K?GQQCPG?KCLRC ?KC?​
    ??Q?ž​BCCM@CK CQR?P.OSCTMA‘NMBCD?XCPAMLRP??BCQGBP?R?ŽM

    9A
    "GJLCG?CLIFOA;L
    PI=JL?=CM;?MN;L=C?HN?>?KO?IG?=;HCMGI>;M?>?JI>?M?LCH?V=C?HN?
    ?MJ?=C;FG?HN?
    ?G=IH>C‹™?MKO?HN?M?šGC>;M ,MDIA;>IL?MM?HNCLŠI;OLAH=C;>?CHA?LCLFKOC>IM;J?H;M;J•M;JL?M?HN;L?G
    ;FAOGAL;O>?>?MC>L;N;‹ŠI FŒG>CMMI
    G?MGIKO;H>I=IG?‹;L?G;<?<?L
    IM;NF?N;MHŠIM?LŠI=;J;T?M>?
    L?JILIMFKOC>IM>;G?MG;G;H?CL;L†JC>;=IGKO?J?L>?L;GH;MO>IL?M?JLI@OM; !?JICM>CMMI
    B†OGN?GJI
    >?>?@;M;A?G?HNL?I=IHMOGIB>LC=I?MO;L?;F;<MIL‹ŠIJ;L;;=ILL?HN?M;HAO​H?;J?FINL;NIA;MNLCHN?MNCH;F
    MMCG
     Œ CGJILN;HN? KO? IM DIA;>IL?M <?<;G FKOC>IM ;HN?M >; JL†NC=; =IG?‹;L
     G?MGI KO? HŠI MCHN;G
    PIHN;>?  &HN?LP;FIM L?AOF;L?M >OL;HN? ; JL†NC=; JL?=CM;G M?L @?CNIM J;L; J?LGCNCL KO? IM FKOC>IM L?JIMCNIL?M
    M?D;G =IHMOGC>IM ? PI= >?P? M? =?LNCV=;L >? KO? NI>IM IM DIA;>IL?M CHA?LCL;G FKOC>IM  ,M FKOC>IM >?P?G
    M?LG;HNC>IMA?F;>IM
    OG;P?TKO?CMMI;OG?HN;;J;F;N;<CFC>;>??;JLIJIL‹ŠIH;KO;FMŠIF?P;>IM‰=ILL?HN?
    M;HAO​H?; CHA?MNŠI>?†AO;>OL;HN?;JL†NC=;>?P?M?LI<LCA;N•LC;
    ?HŠIPCMN;=IGIMCH;F>?@L;KO?T; J•M;
    JL†NC=;
    IMDIA;>IL?M>?P?G=IH​NC​HO;L;CHA?LCLFKOC>IML?JIMCNIL?M -;L;;MM?AOL;L;BC>L;N;‹ŠI;>?KO;>;>IM
    DIA;>IL?M
     PI= HŠI >?P? J?LGCNCL KO? IM DIA;>IL?M >?CR?G I P?MNC†​LCI ;NŒ >?GIHMNL;L?G KO? ?MNŠI
    HILG;FG?HN? BC>L;N;>IM
     I KO? JI>? M?L P?LCV=;>I =IG @;=CFC>;>? MIFC=CN;H>I M? ;IM DIA;>IL?M ;GIMNL;M >?
    OLCH; =IL>;OLCH;JI>?M?L=IGJ;L;>;;OG;N;<?F;>?=IL?MJ;L;>?N?LGCH;LM?IMDIA;>IL?MM??H=IHNL;G
    ?G?OC>L;N;‹ŠI;OLCH;>?P?N?L=IL=F;L; J?H;M;J•M?MM;=IHVLG;‹ŠI
    IMDIA;>IL?M>?P?GM?LFC<?L;>IM;
    >?CR;LIACH†MCI

    ! 

    >G:CEF565@D>F:E@D72E@C6DBF6276E2>256D:5C2E2wv@A=2?@D569:5C2E2wv@:?​5:​G:​5F2=:J25@D56G6>D6C56D6?G@=G:5@D
    D5:C6EC:J6D569:5C2E2wv@AC@>@G6>2:?86DEv@256BF25256={BF:5@D2?E6D5FC2?E6656A@:D522E:G:52567{D:42
    &=2?@D 56 9:5C2E2wv@ :?​5:​G:​5F2=:J25@D 56G6> :?4=F:C E6DE6D 56 42>A@ 5@ 6DE25@ 52 9:5C2E2wv@ BF6 A@56> 6?8=@32C E6DE6D
    =23@C2E@C:2:D5@6DE25@529:5C2E2wv@656G6>D6CFD25@DA2C2>2?E6C26F:5C2E2wv@5FC2?E6@EC6:?2>6?E@624@>A6E:wv@

    #% @$%

    +”OSGBMQ  GLAJSQGTC ? ŠES?  C CJCRP™JGRMQ QŽM LCACQQŠPGMQ N?P? KSGR?Q DSLCQ AMPNMP?GQ  ŠES?  ? QS@QR‹LAG? K?GQ
    ?@SLB?LRC LM AMPNM  AMKNPCCLBCLBM  B? K?QQ? AMPNMP?J BC SK ?BSJRM  C SK? NCQQM? LŽM QM@PCTGTC LCK KCQKM
    ?JESLQ BG?Q QCK GLECPG J? M QS¤AGCLRC . COSGJ”@PGM F”BPGAM N?P? K?LRCP ? CSGBP?R?ŽM BCNCLBC B? PCNMQGŽM B? ŠES?
    CJGKGL?B?LMQSMP L?QDCXCQ SPGL?CRP?LQNGP?ŽMGLQCLQ”TCJ
    QAJSJ?QCMQJ”OSGBMQAMPNMP?GQAMLR‘KCJCRP™JGRMQ MQOS?GQQŽMQS@QR‹LAG?QOSCQCBGQQMAG?KCKŠES?N?P?NPMBSXGP”M​
    LQA?PPCE?BMQ.QCJCRP™JGRMQQŽMLCACQQŠPGMQN?P??PC?​JG​X?ŽMBCKSGR?QDSLCQBMAMPNM K?QR?K@KQŽMGKNMPR?LRCQ
    NMPOSC?QAJSJ?QPCESJ?KMKMTGKCLRMF”BPGAMNMPKCGMBMAMLRPMJCBMKMTGKCLRMBCCJCRP™JGRMQNMPQS?QKCK@P?L?Q
    JKBGQQM ?NPCQQŽMMQK™RGA?APG?B?NCJMQCJCRP™JGRMQPCRK?ŠES?L?QAJSJ?QCLMQCQN?MQCVRP?ACJSJ?PCQ.QCJCRP™JGRMQ
    QŽM NCPBGBMQ LM QSMP C L? SPGL?  NMPK M COSGJ”@PGM CJCRPMJ”RGAM  K?LRGBM NCJM ?SKCLRM MS BGKGLSGŽM  AMLDMPKC ?
    LCACQQGB?BCB??@QMPŽMBCCJCRP™JGRMQNCJMRP?RME?QRPGLRCQRGL?JCNCJMAMLRCž​BMCJCRPMJ”RGAMB?SPGL?
    . KCA?LGQKM B? QCBC  ?RGT?BM NCP?LRC ? NCPB? BC ŠES? AMPNMP?J  AMLRSBM  LM KMKCLRM CK OSC  ?RGT?BM  SK?
    BCQGBP?R?ŽM N?PAG?J HŠ MAMPPCS BGAGML?JKCLRC  M KCA?LGQKM B? QCBC LMQ QCPCQ FSK?LMQ LŽM PCQSJR? CK PŠNGB?
    PCQR?SP?ŽMB?CSGBP?R?ŽM#CQQCKMBM N?P?PCASNC​P?P?CSGBP?R?ŽM K?GQJ”OSGBMBMOSCMGLBGA?BMNCJMKCA?LGQKMBC
    QCBCNPCAGQ?QCPGLECPGBM
    4K? NCOSCL? NCPB? F”BPGA? BC  B? K?QQ? AMPNMP?J RMR?J  A?N?X BC PCBSXGP ?Q A?N?AGB?BCQ ?CP™@G?Q BCTGBM ?M
    ?SKCLRMB?DPC​OS‘LAG?A?PB”?​A?CBGKGLSGŽMBMTMJSKCNJ?QKŠRGAM TMJSKCQGQR™JGAMCB@GRMA?PB”?​AM MQOS?GQ?ACL​
    RS?KMCQRPCQQCA?PBGMT?QASJ?P"MK?NCPB?F”BPGA?QS¤AGCLRC ?QA?N?AGB?BCQ?CP™@G?QR?K@KBGKGLSCKCKBCAMPP‘LAG?
    B?FGNCPRCPKG?
    .CDCGRMB?BCQGBP?R?ŽMQM@PC?QA?N?AGB?BCQ?L?CP™@G?Q AMKMBCDMP? NMR‘LAG?C:7905; KCLMQAMLQGQRCLRCBMOSC?
    PCBSŽMB?QA?N?AGB?BCQ?CP™@G?Q$LRPCR?LRM ?QA?N?AGB?BCQ?L?CP™@G?QQMDPCKBCAJ”LGMAMKNCPB?QF”BPGA?QGES?GQ??
     B? K?QQ? AMPNMP?J RMR?J  BCQGBP?R?ŽM LŽM BGKGLSG ?NCL?Q M BCQCKNCLFM ?CP™@GM C ?L?CP™@GM  K?Q R?K@K M
    BCQCKNCLFMCK?RGTGB?BCQOSCBCNCLBCKBMKCR?@MJGQKM?CP™@GMC?L?CP™@GM AMKM?JSR?JGTPCCMQCQNMPRCQAMJCRGTMQ
    NP?RGA?BMQAMK@MJ?
    $K@MP?MQCV?KCQJ?@MP?RMPG?GQ AMKMMQBCMQKMJ?JGB?BCSPGLŠPG?CEP?TGB?BCCQNCA”¤A?B?SPGL? QCH?KK?GQNPCAGQMQ
    BM OSC MQ BC A?KNM L? BCRCPKGL?ŽM BM CQR?BM B? FGBP?R?ŽM  CQQCQ RCQRCQ LŽM CQRŽM BGQNML”TCGQ CK KSGR?Q QGRS?CQ
    QQGK L?K?GMPG?B?QMA?QGCQQŽMSRGJGX?BMQMQRCQRCQBCA?KNMBCPCBSŽMB?K?QQ?AMPNMP?JBSP?LRC??RGTGB?BCCB?AMP
    SPGLŠPG?N?P??T?JG?PMCQR?BMB?FGBP?R?ŽM
     FGNML?RPCKG?  MS @?GV? AMLACLRP?ŽM BC Q™BGM LM Q?LESC  PCQSJR? CK CBCK? ACPC@P?J C NMBC MAMPPCP BSP?LRC ?
    ?RGTGB?BCD”QGA??JMLEMNP?XM AMKM?SJRP?K?P?RML? FGNML?RPCKG?NMBCQCPNMRCLAG?JKCLRCD?R?JC ?GLB?OSCQS?A?SQ?
    LŽMQCH?AJ?P? NMQQ”TCJOSCBCAMPP?B?GLECQRŽMBCEP?LBCQTMJSKCQBCJ”OSGBMQBC@?GVMAMLRCž​BMBCQ™BGMBSP?LRC?
    ?RGTGB?BC5ŠPGMQD?RMPCQ AMKM?K@GCLRCQOSCLRCQCžKGBMQ COSGN?KCLRMQCPMSN?QBCNPMRCŽMOSCPCBSXCK?NCPB?BC
    A?JMP N?PRGAGN?ŽMCKCQNMPRCQAMKA?RCEMPG?QBCNCQMCBGKGLSGŽMBMDSLAGML?KCLRMBMKCA?LGQKMB?QCBCBCAMPPCLRC
    BM CLTCJFCAGKCLRM  ?SKCLR?K ? QSQACRG@GJGB?BC  BCQGBP?R?ŽM 0S?LBM MQ D?RMPCQ OSC ?ACL​RS?K ? QSQACRG@GJGB?BC 
    BCQGBP?R?ŽMCQRŽMNPCQCLRCQ NPCAGQMNPCQR?PN?P​RGASJ?P?RCLŽMK?LSRCLŽMB?FGBP?R?ŽMNMPKCGMB?GLECQRŽMF”BPGA?
    ?BCOS?B?
    #SP?LRCRMB?Q?Q?RGTGB?BCQCCQNMPRCQ ?QBGPCRPGXCQBCFGBP?R?ŽMBCQCLTMJTGB?QN?P?CQRGKSJ?P?GLECQRŽMF”BPGA??LRCQ
    BSP?LRCCBCNMGQB??RGTGB?BCBCTCKQCPQCESGB?QN?P??HSB?P?K?LRCP?CSGBP?R?ŽM QBGPCRPGXCQBCFGBP?R?ŽMQŽMK?GQ
    @CK ?NJGA?B?Q LM AMLRCVRM BC SK NJ?LM GL​BG​TG​BS?JGX?BM C ASQRMKGX?BM BC FGBP?R?ŽM $K@MP? KSGR?Q TCXCQ QCH?
    LCEJGECLAG?B? ?ŠES?SKLSRPGCLRCCQQCLAG?JC?GLECQRŽMF”BPGA??BCOS?B? OSCCTGR??BCQGBP?R?ŽM LCACQQŠPG?N?P?M
    BCQCKNCLFMD”QGAM​GBC?J

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    CSGBP?R?ŽMNMQQ”TCJOS?LBM?GLECQRŽMF”BPGA?=========NCPB?BCŠES?
    NPCQQŽMMQK™RGA?A?SQ?B?NCJMQ=========NCPKGRCOSC?ŠES?NCPK?LC?MLBCLCACQQŠPG?CNCPAMPP?RMBMMAMPNM
    3P‘QD?RMPCQNPGLAGN?GQOSCAMLRPG@SCKN?P?MPGQAMBCBCQGBP?R?ŽMGLAJSCK========= =========C=========
     M KCBGP M CQR?BM B? FGBP?R?ŽM  CK AMKN?P?ŽM AMK ?Q ?T?JG?CQ J?@MP?RMPG?GQ B? FGBP?R?ŽM  ?Q ?T?JG?CQ
    =========QŽMKCLMQNPCAGQ?Q
     FGNML?RPCKG?A?P?ARCPGX?B?NCJ?NCPB?BC=========Q?LES”​LCMCKL”TCJGLDCPGMP??KKMJãlZ

    ??5:-81--8@1>:-@5B-/;>>1@-
    0S?JCJCRP™JGRMJGQR?BMRGNGA?KCLRCCLAMLRP?BMAMKMAŠRGMLLMAMPNMFSK?LM
    ? "JMPM
    @ /MRŠQQGM
    A (MBM
    B %JžMP
    FGNML?RPCKG?A?P?ARCPGX?B?NCJ?BC¤AG‘L^G?BC
    ? LSRPCKGSK
    @ NMRŠQQGM
    A AŠJAGM
    B Q™BGM
    .QBCAJ”LGMQLMBCQCKNCLFMD”QGAMCAMELGRGTMAMKC?K?MAMPPCPOS?LBM?BCQGBP?R?ŽMQCCLAMLRP?CKL”TCJ
    ? 
    @ 
    A ?
    B 
     0S?LBM?QCBCQSPECBSP?LRC??RGTGB?BCD”QGA?
    ? ?NCQQM??GLB?CQRŠCKCQR?BMBCCSGBP?R?ŽM
    @ ??RGTGB?BCBCTCQCPQSQNCLQ?
    A ?QCBCSKAMKNMLCLRCL?RSP?JBCRMBMCQDMPMD”QGAML?B?NPCAGQ?QCPDCGRM
    B ?NCQQM?HŠQCCLAMLRP?CKCQR?BMBCBCQGBP?R?ŽM
     QBGPCRPGXCQBCFGBP?R?ŽMBCRCPKGL?K
    ? GLECQRŽMF”BPGA??BCOS?B??LRCQ BSP?LRCCBCNMGQB??RGTGB?BC
    @ MQKCJFMPCQRGNMQBCJ”OSGBMQFGBP?R?LRCQN?P?QCPCKAMLQSKGBMQ
    A ?QKCJFMPCQDMLRCQBCŠES?
    B MQKCJFMPCQRGNMQBC?RGTGB?BCN?P?CTGR?P?BCQGBP?R?ŽM
    )1>0-015>;;A2-8?;
    vKCJFMPAMLQSKGPMKŠVGKMBCCJCRP™JGRMQNMQQ”TCJ?LRCQBCSK?QPGCBCCQDMPMQD”QGAMQBMOSC?PPGQA?PRCPBC¤AG‘L
    *
    AG?QL?QAMLACLRP?CQCJCRPMJ”RGA?Q
    $KMNMQGŽM?MQKGLCP?GQQSNPGBMQNCJ?BGCR?Q?SBŠTCJLMPK?J KGLCP?GQCVRP?QBCTCKQCPAMLQSKGBMQN?P?K?LRCP?
    FGBP?R?ŽM?BCOS?B?CMCOSGJ”@PGMCJCRPMJ”RGAMCK?RJCR?QCCLRSQG?QR?Q
    $QNMPRCQAMKNPCBMK”LGM?L?CP™@GMLŽMNPMKMTCK?BCQGBP?R?ŽMCLŽMBCNCLBCKBMQCQR?BMQBCFGBP?R?ŽM​GBC?GQ
    N?P?M@RCP™RGKMQBCQCKNCLFMQ
     RJCR?QK?GQTCJFMQ?NPCQCLR?KPGQAMK?GQ@?GVMBCBCQGBP?R?ŽMBMOSC?RJCR?QHMTCLQ
     BCQGBP?R?ŽM?DCR?B?NMPSKGB?BC TCLRM GB?BC TCQRGKCLR?C?RGTGB?BCCQNCA”¤A?
    $A1?@m1?;.61@5B-?
    .OSCA?SQ??QT?PG?CQBMAMLRCž​BMCJCRPMJ”RGAMB?SPGL?
    .OSCMA?QGML??BCQGBP?R?ŽMPCJ?AGML?B?AMK??RGTGB?BC
    0SCD?RMPCQAMLRPG@SCKN?P??BCQGBP?R?ŽMPCJ?AGML?B?AMK??RGTGB?BC
     .OSCA?SQ??FGNML?RPCKG?COS?GQQŽMQCSQCDCGRMQAMJ?RCP?GQGKCBG?RMQ
     "MKMNMQQ”TCJOSCBMNCQMAMPNMP?JBCSKFMKCKBCIEQCH?KAMLQRGRS”​BMQNMPŠES?C?NCL?QBMNCQM
    BCMSRPMFMKCKBCIEQCH?KAMKNPCCLBGBMQNMPŠES?

    "#&

    S7E1=5D12s<931ŠES?NPMBSXGB?BSP?LRCMKCR?@MJGQKMLMPK?J
    <4?CD5B?>1FMPKšLGMQCAPCR?BMNCJ?QEJ‹LBSJ?QQSNP?PPCL?GQPCQNMLQŠTCJNCJ?AMLQCPT?ŽMB?QAMLACLRP?CQBCQ™BGM
    LMAMPNM
    T>9?>KMJASJ?OSC?NPCQCLR?A?PE?CJRPGA?LCE?RGT?
    gD9?>KMJASJ?OSC?NPCQCLR?A?PE?CJRPGA?NMQGRGT?
    5C94B1D1kj?NCPB?BCŠES?AMPNMP?J
    <5DBs<9D?QS@QR‹LAG?OSCQCBGQQMAG?CKŠES? NPMBSXGLBMKMJASJ?QA?PPCE?B?Q
    AE9<o2B9? 5<5DB?<oD93? K?LSRCLŽM B?Q AMLACLRP?CQ CJCRPMJ”RGA?Q GLRP? C CVRP?ACJSJ?P N?P? M DSLAGML?KCLRM ​GBC?J BM
    AMPNM
    AE9<o2B9?8o4B93?K?LSRCLŽMB?FGBP?R?ŽMLMPK?JNMPKCGMB?GLECQRŽMBMKŠVGKMBCŠES?NMQQ”TCJ
    E94B1D1kj?PCDCPC QCFGBP?R?ŽMAMPNMP?JLMPK?JMS?MAMLRCž​BMF”BPGAMLMPK?JBMAMPNM
    5J5CPC​Q”​BSMQQ™JGBMQCVAPCR?BMQNCJMRP?RME?QRPGLRCQRGL?J
    B1F941455C@53o{3141EB9>1BCLQGB?BCB?SPGL?AMKN?P?B?BCLQGB?BCB?ŠES?
    9@5BD5B=91RCKNCP?RSP?AMPNMP?J?AGK?B?RCKNCP?RSP?BCPCNMSQM
    9@5BDt>93?J”OSGBMASH?NPCQQŽMMQK™RGA?QSNCPGMPQ?LES”​LC?
    9@?894B1D1kj?AMLRCž​BMBCŠES?BMAMPNMMSFGBP?R?ŽMAMPNMP?J?@?GVMBMLMPK?J
    9@?>1DB5=91AMLBGŽMA?P?ARCPGX?B?NMPL”TCGQNJ?QKŠRGAMQBCQ™BGMGLDCPGMPCQ?KKMJãlZ
    9@?Dt>93?J”OSGBMASH?NPCQQŽMMQK™RGA?GLDCPGMPQ?LES”​LC?
    [?>KMJASJ?OSC?NPCQCLR?A?PE?CJRPGA?
    C?Dt>93?J”OSGBMASH?NPCQQŽMMQK™RGA?GES?JQ?LES”​LC?
    %C=?<1<94145EB9>gB91OS?LRGB?BCBCQS@QR‹LAG?QAMLRGB?CKSK?OS?LRGB?BCBCRCPKGL?B?BCSPGL?
    &5B418o4B9319>C5>CoF5<NCPB?BCQNCPAC@GB?BCŠES?B?QTG?QPCQNGP?R™PG?QBSP?LRC?PCQNGP?ŽMCNCJ?CT?NMP?ŽML?NCJC
    CKLŽMQSBMPCQC
    &B5CCj??C=sD931DMP?APG?B?NCJ?AMLACLRP?ŽMK?GMPBCQS@QR‹LAG?QMQKMRGA?KCLRC?RGT?QCJCRP™JGRMQ EJGAMQC NPMRC”​
    L?Q C MSRP?Q QS@QR‹LAG?Q  CK SK J?BM B? KCK@P?L? OSC ?PP?QR? ? ŠES? ?RP?TQ B? KCK@P?L? LM QCLRGBM BM J?BM AMK
    AMLACLRP?ŽMK?GMPBCQS@QR‹LAG?Q
    )545BCQCHMAMLQAGCLRCBCGLECPGPJ”OSGBMQ
    +B9>1QS@QR‹LAG?J”OSGB?CVAPCR?B?N?P?JGTP?PMAMPNMBMQNPMBSRMQPCQGBS?GQCK?LRCP?QAMLACLRP?CQFGBPCJCRPMJ”RGA?Q
    AMPNMP?GQ?BCOS?B?Q

    "?#

     JKMLB "  2FGL 8  %MPRCQASC $!  CR ?J 'WNML?RPCKG? ?KMLE PSLLCPQ GL RFC !MQRML ,?P?RFML - $LEJ ) ,CB
    Z
     PKQRPMLE+$ "MQRGJJ#+ %GLI6)(L¥SCLACMDBGSPCRGA GLBSACBBCFWBP?RGMLMLAMKNCRGRGTCPSLLGLENCPDMPK?LAC
    ,CB2AG2NMPRQ$VCPAZ
     PKQRPMLE+$ ,?PCQF", "?QRCJJ?LG)6 CR?J4PGL?PWGLBGACQMDFWBP?RGMLQR?RSQ(LR)2NMPR-SRPZ
    
     !?ICP +!  #MSEFCPRW *  "FMU ,  CR ?J /PMEPCQQGTC BCFWBP?RGML A?SQCQ ? NPMEPCQQGTC BCAJGLC GL @?QICR@?JJ QIGJJ
    NCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     !?PP2($DDCARQMDBCFWBP?RGMLMLCVCPAGQCNCPDMPK?LAC"?L) NNJ/FWQGMJZ
     !GLIJCW ',  !CAICRR )  "?Q? #)  CR ?J -?RGML?J RFJCRGA 3P?GLCPQ QQMAG?RGML NMQGRGML QR?RCKCLR CVCPRGML?J FC?R
    GJJLCQQCQ) RFJ3P?GLZ
     !SPEC", "?PCW,% /?WLC611MUGLENCPDMPK?LAC ¥SGB@?J?LAC ?LBKCR?@MJGADSLARGMLDMJJMUGLEBCFWBP?RGML
    ?LBPCFWBP?RGML,CB2AG2NMPRQ$VCPAZ
     "?Q? #)  PKQRPMLE +$  'GJJK?L 2*  CR ?J -?RGML?J RFJCRGA 3P?GLCPQ QQMAG?RGML NMQGRGML QR?RCKCLR ¥SGB
    PCNJ?ACKCLRDMP?RFJCRCQ) RFJ3P?GLZ
     "FCSTPMLR 2-  ,MLR?GL 2)  2?UI? ,- %JSGB PCNJ?ACKCLR ?LB NCPDMPK?LAC BSPGLE RFC K?P?RFML 2NMPRQ ,CB
    Z
     "MLTCPRGLM5  PKQRPMLE+$ "MWJC$% CR?J "2,NMQGRGMLQR?LBCVCPAGQC?LB¥SGBPCNJ?ACKCLR,CB2AG2NMPRQ
    $VCPAGZGV
     "MWJC$%%JSGB?LBDSCJGLR?ICBSPGLECVCPAGQC)2NMPRQ2AGZ
     #MSEFCPRW *  !?ICP +!  "FMU ,  CR ?J 3UM NCPACLR BCFWBP?RGML GKN?GPQ ?LB QGV NCPACLR A?P@MFWBP?RC BPGLI
    GKNPMTCQ@MWQ@?QICR@?JJQIGJJQ,CB2AG2NMPRQ$VCPAZ
     #PCQQCLBMPJCP 1  6?BC "$  *CCL "+  CR ?J /J?QK? KGLCP?J JCTCJQ GL K?P?RFML PSLLCPQ BSPGLE ?  B?W PM?B P?AC
    /FWQ2NMPRQKCBZ
     $BU?PBQ ,  ,?LL ,$  ,?PDCJJ )MLCQ ,)  CR ?J (L¥SCLAC MD KMBCP?RC BCFWBP?RGML ML QMAACP NCPDMPK?LAC
    NFWQGMJMEGA?JPCQNMLQCQRMKGLMDMSRBMMPK?RAF NJ?W?LBRFCGKKCBG?RCQS@QCOSCLRNCPDMPK?LACMDQNMPR QNCAG¤A
    ?LBKCLR?JAMLACLRP?RGMLRCQRQ!P)2NMPRQ,CBZ
     &MLX?JCX JMLQM )  ,MP? 1MBPGESCX 1  !CJMU /1  CR ?J #CFWBP?RGML K?PICBJW GKN?GPQ A?PBGMT?QASJ?P DSLARGML GL
    FWNCPRFCPKGACLBSP?LAC?RFJCRCQBSPGLECVCPAGQC) NNJ/FWQGMJZ
     'GAILCP 1"  'MPQUGJJ "  6CJICP ),  CR ?J 3CQR BCTCJMNKCLR DMP RFC QRSBW MD NFWQGA?J NCPDMPK?LAC GL UPCQRJCPQ
    DMJJMUGLEUCGEFRJMQQ(LR)2NMPRQ,CBZ
     'MDDK?L )1  2R?TQIW '  %?JI ! 3FC CDDCAR MD U?RCP PCQRPGARGML ML ?L?CPM@GA NMUCP ?LB TCPRGA?J HSKNGLE FCGEFR GL
    @?QICR@?JJNJ?WCPQ(LR)2NMPRQ,CBZ
     *P?CKCP6) %PW " 1S@GL,1 CR?J/FWQGMJMEGA?J?LBNCPDMPK?LACPCQNMLQCQRMRMSPL?KCLRUPCQRJGLE,CB2AG
    2NMPRQ$VCPAZ
     *PSQRPSN/ ,MFP,  KQRPSN3 CR?J3FCWM WMGLRCPKGRRCLRPCAMTCPWRCQRNFWQGMJMEGA?JPCQNMLQC PCJG?@GJGRW ?LB
    T?JGBGRW,CB2AG2NMPRQ$VCPAZ
     +MAIC,3FCACJJSJ?PQRPCQQPCQNMLQCRMCVCPAGQCPMJCMDQRPCQQNPMRCGLQ$VCPA2NMPR2AG1CTZ
     ,?AI & 3FC @MBW ¥SGB ?LB FCKMNMGCRGA QWQRCKQ (L 3GNRML  ",  2?UI? ,  3?RC "  CBQ "2,Q BT?LACB
    $VCPAGQC/FWQGMJMEW/FGJBCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ Z
     ,?SEFL 1  !SPIC +,  "MWJC $%  CBQ %MMB  -SRPGRGML ?LB 2NMPRQ /CPDMPK?LAC (( 3FC (LRCPL?RGML?J .JWKNGA
    "MKKGRRCC"MLQCLQSQML2NMPRQ-SRPGRGML+MLBML1MSRJCBEC 
     ,MFP ,  *PSQRPSN /  !?LEQ@M ) ,?RAF NCPDMPK?LAC MD FGEF QR?LB?PB QMAACP NJ?WCPQ UGRF QNCAG?J PCDCPCLAC RM
    BCTCJMNKCLRMDD?RGESC)2NMPRQ2AGZ
     -M?ICQ 3# #PGLIGLE ESGBCJGLCQ DMP CVCPAGQC 6F?R CTGBCLAC GQ RFCPC RF?R ?RFJCRCQ QFMSJB BPGLI Y?Q KSAF ?Q
    RMJCP?@JC^ YRMPCNJ?ACRFCUCGEFRJMQRBSPGLECVCPAGQC^MPY?BJG@GRSK^)2NMPRQ2AGZ
     .NNJGECP1 !?PRMI"'WBP?RGMLRCQRGLEMD?RFJCRCQ2NMPRQ,CBZ
     2?RM %  .UCL ,  ,?RRFCQ 1  CR ?J %SLARGML?J ?LB KMPNFMJMEGA?J AF?LECQ GL RFC CAAPGLC QUC?R EJ?LB UGRF FC?R
    ?AAJGK?RGML) NNJ/FWQGMJZ
     2?UI? ,  ,MLR?GL 2)  +?RXI? 6  !MBW ¥SGB @?J?LAC BSPGLE CVCPAGQC FC?R CVNMQSPC (L !SQIGPI $1  /SFJ 2  CBQ
    %JSGB!?J?LACGL$VCPAGQC?LB2NMPR!MA?1?RML %+"1"/PCQQ Z
     2?UI?, !SPIC+, $GAFCP$1 CR?J$VCPAGQC?LB¥SGBPCNJ?ACKCLR,CB2AG2NMPRQ$VCPAZ
     2?UI?, /?LBMJD*!$DDCARQMD@MBWU?RCPJMQQMLNFWQGMJMEGA?JDSLARGML?LBCVCPAGQCNCPDMPK?LAC(L&GQMJ¤"
    +?K@#1 CBQ/CPQNCARGTCQGL$VCPAGQC2AGCLAC?LB2NMPRQ,CBGAGLC"?PKCJ (-!PMUL?LB!CLAFK?PI Z
     2?UI? ,-  !SPIC +,  $GAFLCP $1  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB $VCPAGQC ?LB ¥SGB
    PCNJ?ACKCLR,CB2AG2NMPRQ$VCPAZ
     2?UI?,- "MWJC$%(L¥SCLACMD@MBWU?RCP?LB@JMMBTMJSKCMLRFCPKMPCESJ?RGML?LBCVCPAGQCNCPDMPK?LACGL
    RFCFC?R$VCPA2NMPR2AG1CTZ
     2?UI?,- -M?ICQ3##MCQBCFWBP?RGMLGKN?GPCVCPAGQCNCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     2AFMDDQR?JJ)$ !P?LAF)# +CSRFMJRX!" CR?J$DDCARQMDBCFWBP?RGML?LBPCFWBP?RGMLMLRFCMLC PCNCRGRGMLK?VGKSK
    @CLAFNPCQQMDUCGEFR RP?GLCBK?JCQ)2RPCLERF"MLB1CQZ
     2CPD?QQ1 2RPSJJ& $UGLE)+3FCCDDCARRFCP?NGBUCGEFRJMQQ?LB?RRCKNRCBPCFWBP?RGMLMLQRPCLERFCLBSP?LACMD
    RFCF?LBEPGNNGLEKSQAJCQGLAMJJCECUPCQRJCPQ1CQ0$VCPA2NMPRZ
     2FGPPCDDQ2,  PKQRPMLE+$ "FCSTPMLR2-%JSGB?LBCJCARPMJWRCLCCBQDMPNPCN?P?RGML?LBPCAMTCPWDPMKRP?GLGLE
    ?LBAMKNCRGRGML)2NMPRQ2AGZ
     2GLECP 1  6CGQQ 2  $DDCARQ MD UCGEFR PCBSARGML ML QCJCARCB ?LRFPMNMKCRPGA  NFWQGA?J  NCPDMPK?LAC KC?QSPCQ MD
    UPCQRJCPQ1CQ0Z
     2KGRF,2 #WQML1 '?JC3 CR?J3FCCDDCARQGLFSK?LQMDP?NGBJMQQMD@MBWK?QQML?@MVGLE PCJ?RCBR?QI$SP)
    NNJ/FWQGMJZ
     2NCCBW#! %?PGQ)& '?KJGL, CR?J'WNML?RPCKG??LBUCGEFRAF?LECQGL?LSJRP?BGQR?LACRPG?RFJML"JGL)2NMPR
    ,CBZ
     2NCCBW #!  -M?ICQ 3#  1MECPQ (1  CR ?J 'WNML?RPCKG? GL SJRP?BGQR?LAC RPG?RFJCRCQ ,CB 2AG 2NMPRQ $VCPA
    Z
     6C@QRCP2 1SRR1 6CJRK?L /FWQGMJMEGA?JCDDCARQMD?UCGEFRJMQQPCEGKCLNP?ARGACB@WAMJJCECUPCQRJCPQ,CB2AG
    2NMPRQ$VCPAZ
     6CLMQ#  K?RM'*6CGEFRAWAJGLE?JRCPQKSQASJ?PQRPCLERF?LBCLBSP?LAC P?RGLEQMDNCPACGTCBCVCPRGML ?LBRMR?J
    @MBWU?RCPGLAMJJCECUPCQRJCPQ/CPACNR,MRMP2IGJJQZ

    
    PKQRPMLE+$ QQCQQGLEFWBP?RGMLQR?RSQ3FCCJSQGTCEMJBQR?LB?PB) K"MJJ-SRP 2Z2
    PKQRPMLE +$  $NQRCGL 8 %JSGBZCJCARPMJWRC @?J?LAC BSPGLE J?@MP ?LB CVCPAGQC "MLACNRQ ?LB KGQAMLACNRGMLQ (LR ) 2NMPR -SRP
     Z
    PKQRPMLE+$ ,?PCQF", "?QRCJJ?LG)6 CR?J4PGL?PWGLBGACQMDFWBP?RGMLQR?RSQ(LR)2NMPR-SRP Z
    PKQRPMLE+$/CPDMPKGLEGL$VRPCKC$LTGPMLKCLRQ"F?KN?GEL (+'SK?L*GLCRGAQ/S@JGQFCPQ 
    PKQRPMLE +$  "SPRGQ 6"  'S@@?PB 16  CR ?J 2WKNRMK?RGA FWNML?RPCKG? BSPGLE NPMJMLECB CVCPAGQC GL FC?R ,CB 2AG 2NMPRQ
    $VCPA Z
    PKQRPMLE +$  2MRM )  '?AICP %3 )P  CR ?J 4PGL?PW GLBGACQ BSPGLE BCFWBP?RGML  CVCPAGQC  ?LB PCFWBP?RGML (LR ) 2NMPR -SRP
     Z
    PKQRPMLE+$ 2XJWI/" #C+SA?)/ CR?J%JSGBZCJCARPMJWRCJMQQCQGLSLGDMPKQBSPGLENPMJMLECBCVCPAGQC?RBCEPCCQ" TG?R
    2N?AC$LTGPML,CB Z
    !GLIJCW', !CAICRR) "?Q?#) CR?J-?RGML?J RFJCRGA3P?GLCPQ QQMAG?RGMLNMQGRGMLQR?RCKCLRCVCPRGMLFC?RGJJLCQQ) RFJ3P?GL
    Z
    "?Q? #+  PKQRPMLE +$  'GJJK?L 2*  CR ?J -?RGML?J RFJCRGA 3P?GLCPQ QQMAG?RGML NMQGRGML QR?RCKCLR %JSGB PCNJ?ACKCLR DMP
    ?RFJCRCQ) RFJ3P?GLZ
    "MPTCPRGLM 5  PKQRPMLE +$  "MWJC $%  CR ?J "2, NMQGRGML QR?LB $VCPAGQC ?LB ¥SGB PCNJ?ACKCLR ,CB 2AG 2NMPRQ $VCPA
     GZGV
    #MSEFCPRW *  !?ICP +!  "FMU ,  CR ?J 3UM NCPACLR BCFWBP?RGML GKN?GPQ ?LB QGV NCPACLR A?P@MFWBP?RC BPGLI GKNPMTCQ @MWQ
    @?QICR@?JJQIGJJQ,CB2AG2NMPRQ$VCPAZ
    #MSEFCPRW* !?ICP+! "FMU, CR?J/PMEPCQQGTCBCFWBP?RGMLA?SQCQ?NPMEPCQQGTCBCAJGLCGL@?QICR@?JJQIGJJNCPDMPK?LAC,CB
    2AG2NMPRQ$VCPAZ
    *P?CKCP6) %PW " 1S@GL,1 CR?J/FWQGMJMEGA?J?LBNCPDMPK?LACPCQNMLQCQRMRMSPL?KCLRUPCQRJGLE,CB2AG2NMPRQ$VCPA
    Z
    .NNJGECP1 !?PRMI"'WBP?RGMLRCQRGLEMD?RFJCRCQ2NMPRQ,CBZ
    2?UI?,- !SPIC+, $GAFCP$1 CR?J$VCPAGQC?LB¥SGBPCNJ?ACKCLR,CB2AG2NMPRQ$VCPAZ
    2NCCBW#! -M?ICQ3# 1MECPQ(1 CR?J'WNML?RPCKG?GLSJRP?CLBSP?LACRPG?RFJCRCQ,CB2AG2NMPRQ$VCPAZ

    .+
    "MQRGJJ#+2UC?RGLEGRQAMKNMQGRGML?LBCDDCARQML@MBW¥SGBQ LL-8 A?B2AGZ
    "MQRGJJ#+ %GLI6)/J?QK?TMJSKCAF?LECQDMJJMUGLECVCPAGQC?LBRFCPK?JBCFWBP?RGML) NNJ/FWQGMJ Z
    #GJJ#! "MQRGJJ#+"?JASJ?RGMLMDNCPACLR?ECAF?LECQGLTMJSKCQMD@JMMB NJ?QK? ?LBPCBACJJQGLBCFWBP?RGML) NNJ/FWQGMJ
     Z
    #GJJ#! '?JJ%& 5?L!C?SKMLR62UC?RAFJMPGBCAMLACLRP?RGMLQUC?RP?RC KCR?@MJGAP?RC QIGLRCKNCP?RSPC ?LB?EC) NNJ
    /FWQGMJ Z
    #GJJ#! 'MPT?RF2, 5?L!C?SKMLR6 &CFJQCL& !SPPSQ*2UC?RCJCARPMJWRCQGLBCQCPRU?JIQ) NNJ/FWQGMJ Z
    
    &GQMJ¤ "5  2SKKCPQ 16  +?K@CPR &/  CR ?J $DDCAR MD @CTCP?EC MQKMJ?JGRW ML GLRCQRGL?J ¥SGB ?@QMPNRGML BSPGLE CVCPAGQC ) NNJ
    /FWQGMJ Z
    *CLLCW6+  LBCPQML1*1CQNMLQCQMDMJBCP?LBWMSLECPUMKCLRMCVCPAGQCGLBPW?LBFSKGBFC?RUGRFMSR¥SGBPCNJ?ACKCLR
    ,CB2AG2NMPRQ$VCPA Z
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      "RJFC=;L;<;M?VMCIF•AC=;?IJLIJ•MCNI>;N?LGILL?AOF;‹ŠI
      &>?HNCV=;LIMG?=;HCMGIM>?J?L>;>?=;FIL
      !?M=L?P?L ;M >C@?L?HN?M @ILG;M >? ;@?=‹ŠI I=;MCIH;>;M J?FI =;FIL L?=IHB?=?H>I IM G?=;HCMGIM J?FIM
    KO;CMI=ILL?G
    IM?@?CNIMMI<L?I=ILJI?IM@;NIL?M G?=;HCMGIMKO?;@?N;G?;FN?L;GMO;I=ILLH=C;
      "RJFC=;L;M=IHMC>?L;‹™?MN?LGILL?AOF;>IL;M>I>?M?GJ?HBIHI=;FILN;HNIJ;L;IM?M@IL‹IM;H;?L•<CIM
    KO;HNI>??H>OL;H=?
      /?=IHB?=?L ? >?M=L?P?L IM JLCH=CJ;CM @;NIL?M >? JL?P?H‹ŠI >;M ;@?=‹™?M =;OM;>;M J?FI =;FIL ? >IM
    >?=FHCIM>;=;J;=C>;>?>?>?M?GJ?HBIL?F;=CIH;>IM=IG;N?LGILL?AOF;‹ŠI
      "RJIL ; <;M? VMCIF•AC=; >I ?MNL?MM? =;OM;>I J?FI @LCI ? I GI>I =IGI ;M N?GJ?L;NOL;M @LC;M ;@?N;G ;
    =;J;=C>;>?>??M@IL‹I
      &>?HNCV=;LIMG?CIM>?;>;JN;‹ŠI;I=FCG;@LCI?;M?MNL;NŒAC;M>?MI<L?PCPH=C;?GMCNO;‹™?MJ?LCAIM;M
      "RJFC=;L ; <;M? >I ?MNL?MM? >; ;FNCNO>? ? L?=IHB?=?L IM >?M;VIM
     ;M L?MJIMN;M ? IM @;NIL?M >I ?M@IL‹I
    CHWO?H=C;>IMJ?F;M;FN;M;FNCNO>?M
      !?M=L?P?L;H;NOL?T;>;>I?H​‹;>;;FNCNO>??;M?MNL;NŒAC;MCH=ILJIL;>;M;INL?CH;G?HNIH;;FNCNO>?

     M =IH>C‹™?M ;G<C?HN;CM ?R?L=?G OG; >;M G;CIL?M CH​WOHZC;M MI<L? ; VMCIFIAC; >I
    =ILJI  !? @;NI
     ?F?G?HNIM =IGI I ;G<C?HN? >?M?GJ?HB;G CGJILN;HN? @OH‹ŠI H;M
    L?MJIMN;M ? H;M ;>;JN;‹™?M =ILJIL;CM ;I ?R?L==CI  ,M ?RNL?GIM =FCG†NC=IM N;G<ŒG
    JI>?GM?LOG;;G?;​‹;‰MI<L?PCPH=C; "GL?F;‹ŠI;IM;NF?N;M
    JI>?G=;OM;LCGJ;=NIM
    >L;G†NC=IM ? >C@?L?HN?M HI >?M?GJ?HBI  -IL ?R?GJFI
     KO;H>I JL;NC=;>; ;   G >?
    ;FNCNO>?
    IN?GJIH?=?MM†LCIJ;L;N?LGCH;LOG;=ILLC>;>?EGJI>?M?LGCHG;CIL
    ;CH>;H;G?MG;;FNCNO>?
    IMN?GJIM>;=ILLC>;>?GHŠIMŠI;@?N;>IM !?@;NI
    IM
    L?=IL>?MGOH>C;CM>IMG@IL;G?MN;<?F?=C>IM?G=IGJ?NC‹™?ML?;​FC​T;>;MH;;FNCNO>?
    ,NL?CH;G?HNI?;JLIAL?MMŠI>INL?CH;G?HNI@MC=IMI<>C@?L?HN?M=IH>C‹™?M;G<C?HN;CM
    ;DO>;G ; =IGJ?HM;L J;LN? >I ?MNL?MM? VMCIF•AC=I ? >IM >ŒV=CNM HI >?M?GJ?HBI  
    =IGJL??HMŠI>IM>?M;VIM?H@L?HN;>IMMI<=IH>C‹™?M;G<C?HN;CM>C@?L?HN?MŒ?MM?H=C;F
    J;L; ?HN?H>?L =IGI M? >?P? JL?J;L;L I =ILJI ;>?KO;>;G?HN? J;L; ?MM;M >?G;H>;M
    VMCIF•AC=;M
    1LM >IM JLCH=CJ;CM >?M;VIM ;G<C?HN;CM KO? I ;NF?N; ?H@L?HN; MŠI I =;FIL
     I @LCI ? ;
    ;FNCNO>?  ;>; OG ?RCA?
     >? G;H?CL; ?MJ?=V=;
     >IM MCMN?G;M VMCIF•AC=IM >I =ILJI  0I<
    =;>; OG; >?MM;M =IH>C‹™?M ;G<C?HN;CM
     I >?M?GJ?HBI JI>? M?L ;@?N;>I  FŒG >CMMI

    =;>;OG;>?MM;M=IH>C‹™?MJI>?=;OM;LF?MŠIAL;P??;NŒG?MGIGILN?M?I=ILJIHŠI
    ?MNCP?L;JLIJLC;>;G?HN?JL?J;L;>IJ;L;N;CM?RJIMC‹™?M ,?R?L==CI;J?H;M;OG?HN;;M
    >?G;H>;M BIG?IMN†NC=;M MI< ?MM;M =IH>C‹™?M ;G<C?HN;CM
     ;=?H​NO;H>I

    =IHM?KO?HN?G?HN?
    I?MNL?MM?VMCIF•AC=I /IOJ;M?NL?CH;G?HNI;JLIJLC;>IM
    <?G=IGI
    I OMI >? ?MNL;NŒAC;M HONLC=CIH;CM ? >? ;=FCG;‹ŠI ;=FCG;NCT;‹ŠI J;L; ?H@L?HN;L ?MM?M
    >?M;VIM;G<C?HN;CM
    MŠIPCN;CMJ;L;I>?M?GJ?HBI
    M;š[ ??<?G ?MN;L

    BCA4BB4>20B8>=03>?4;>20;>A

    . BCQ?¤M BM CQRPCQQC MA?QGML?BM NCJM A?JMP  MS 89@5BD5B=91  CQRŠ LM D?RM BC OSC M AMPNM NPCAGQ? BGQQGN?P M A?JMP
    AMLQGBCPŠTCJ NPMBSXGBM NCJMQ ​KžQASJMQ OSC RP?@?JF?K BSP?LRC M CVCPA”AGM (QQM QC DSLB?KCLR? LM D?RM BC OSC MQ QCPCQ
    FSK?LMQ QŽM ?NCL?Q  ?  C¤AGCLRCQ L? AMLTCPQŽM B? CLCPEG? AMLRGB? LMQ QS@QRP?RMQ ?JGKCLR?PCQ CK CLCPEG? SQŠTCJ
    ?BCLMQGL?RPGDMQD?RM 3/ N?P?QSNPGPMQ​KžQASJMQCK?RGTGB?BC QCLBMMPCQR?LRCACPA?BC JG@CP?BML?DMPK?BC
    A?JMP GLA?N?AGB?BCBCBGQQGN?PCQQCCVACQQMBCCLCPEG?CKDMPK?BCA?JMPNCJMQTŠPGMQKCA?LGQKMQFMKCMRPKGAMQNMBC
    APG?PNPM@JCK?QBCD5B=?BB57E<1kj? MSA?N?AGB?BCBMAMPNMBCK?LRCP?RCKNCP?RSP?GLRCPL?AMLQR?LRC
    "MLBGCQ?K@GCLR?GQBCEP?LBCA?JMPCSKGB?BC?NCL?QRMPL?KCQQCBCQ?¤M?GLB?K?GQBP?KŠRGAM!?QGA?KCLRC ?Q?JR?Q
    RCKNCP?RSP?Q C ? SKGB?BC CJCT?B? NMBCK @JMOSC?P ? BGQQGN?ŽM BC A?JMP BM AMPNM  ?ACL​RS?LBM  BCQQC KMBM  M CQRPCQQC
    A?SQ?BMNCJMA?JMP?NPCQCLR?BMNCJM?RJCR? NPŠRGA?BCCVCPA”AGMGLRCLQMLMA?JMPNMBCCJCT?PAMKP?NGBCX?RCKNCP?RSP?
    AMPNMP?JACLRP?JLMPK?J OSCNP™VGK?BCj" ?L”TCGQNCPGEMQ?KCLRCCJCT?BMQBCj" NPMKMTCLBM?QEP?TCQ?DCACQ
    A?SQ?B?QNCJMA?JMP/MPR?LRM GKNMPR?LRCCLRCLBCPCQQCD?RMP?K@GCLR?JBCCQRPCQQCN?P?CTGR?P?Q?DCACQA?SQ?B?QNCJM
    A?JMPCMRGKGX?PMBCQCKNCLFMLMA?JMP 

    +6C>@CC68F=2wv@
    2CMAMPNMNPCAGQ?PCQNMLBCP¤QGMJMEGA?KCLRCN?P?K?LRCP?RCKNCP?RSP?ACLRP?JBCQCH?B? CJCBCTCQCPA?N?XBCNCPAC@CP
    ?Q?JRCP?CQBCRCKNCP?RSP?.QPCACNRMPCQOSCBCRCAR?K?SKCLRMQMSBGKGLSGCQBCRCKNCP?RSP?QCCLAMLRP?KR?LRML?
    NCPGDCPG?OS?LRMLMFGNMRŠJ?KM.QPCACNRMPCQNCPGDPGAMQCQRŽMJMA?JGX?BMQL?NCJCCBC@?GVMBCJ? CR?K@KL?A?TGB?BC
    NCPGRMLC?J?@BMKGL?J -?N?PRCACLRP?JBMQGQRCK?LCPTMQM ?JKBMFGNMRŠJ?KM CVGQRCKPCACNRMPCQQG​RS?​BMQLMRPMLAM
    CLACDŠJGAMCL?KCBSJ?CQNGL?J
    QQGKAMKM​?RS?CKKSGR?QDSLCQ¤QGMJ™EGA?Q MFGNMRŠJ?KMBCQCKNCLF?N?NCJACLRP?JL?GLRCEP?ŽMCPCESJ?ŽMB?
    RCKNCP?RSP?AMPNMP?J?j" AMLRPMJ?LBM?QPCQNMQR?QNCJMAMPNM$KMSRP?QN?J?TP?Q MFGNMRŠJ?KMNMBCMNCP?PAMKM
    YRCPKMQR?RM^  CLTG?LBM QGL?GQ N?P? CJCT?P MS PCBSXGP ? RCKNCP?RSP? NMP KCGM BC GLžKCPMQ KCA?LGQKMQ ? QCS AMK?LBM
    %GESP? 0S?LBM?RCKNCP?RSP?AMPNMP?JQM@C MQQGL?GQBMQPCACNRMPCQRCPKMQQCLQ”TCGQCB?RCKNCP?RSP?BMQ?LESC
    QŽM BCRCAR?BMQ NCJM FGNMRŠJ?KM  PCQSJR?LBM CK TŠPG?Q C BGDCPCLRCQ PCQNMQR?Q ¤QGMJ™EGA?Q OSC T?PG?K BM ?SKCLRM B? DPC
    *
    OS‘LAG?A?PB”?​A?CBMB@GRMA?PB”?​AM?ACL​RS?ŽMB?T?QMBGJ?R?ŽMC?SKCLRMB?QR?V?QBCQSBMPCQC
    .Q D?RMPCQ OSC BCRCPKGL?K M CQRPCQQC RCPKMPPCESJ?BMP OSC M ?K@GCLRC GKNC ?M AMPNM QŽM RCKNCP?RSP?  SKGB?BC
    PCJ?RGT?CTCJMAGB?BCBMTCLRM E=94145B5<1D9F1AMLQGQRCLMNCPACLRS?JBCT?NMPBCŠES?AMLRGBMLM?P/MPCVCKNJM ?
    SKGB?BC PCJ?RGT? BM ?P BC  GLBGA? OSC M ?P AMLRK ?NCL?Q  BC SKGB?BC OSC  A?N?X BC QSQRCLR?P ? SKGB?BC
    PCJ?RGT?BM?PBCQGELG¤A?OSC?NCL?QK?GQBCSKGB?BCNMBCKQCP?@QMPTGBMQNCJM?POSCLMQPMBCG? SKGB?BC
    PCJ?RGT? BM ?P BC  AMK RCKNCP?RSP? BC  j" GLBGA? PGQAM @?GVM ? KMBCP?BM LM o>4935 45 5CDB5CC5 31EC14? @5<?
    31<?B CLOS?LRM?SKGB?BCPCJ?RGT?BCL?KCQK?RCKNCP?RSP?BC?P?K@GCLRC?NMLR??JRMPGQAM-MNPGKCGPMA?QM 
    QCESPMK?LRCP?NPŠRGA?CQNMPRGT? NMPKLMžJRGKM?NPŠRGA?BCTCQCP?BG?B?N?P?MSRP?FMP?TCP$QRSBMBCA?QM?BG?LRC 
    TCJMAGB?BCBMTCLRMAMLRPG@SGN?P?MCDCGRMBMPCQDPG?KCLRMAMLTCARGTMLMAMPNMCNMBCPCBSXGP ?RACPRMEP?S M”LBGAC
    BCCQRPCQQCA?SQ?BMNCJMA?JMP

    (&$0,5/15'(2(4'$'(&$.14
    .AMPNM?NPCQCLR?OS?RPMKCA?LGQKMQ@ŠQGAMQOSC?HSB?K?K?LRCP?RCKNCP?RSP?ACLRP?J?BCOS?B?C?NPMKMTCP?NCPB?
    BCA?JMP
     "MLTCAŽM
     "MLBSŽM
     1?BG?ŽM
     $T?NMP?ŽM
    >=E42sr>
    -? 3?>F53kj?  M ?P GKNCJGBM L? QSNCPD”AGC B? NCJC PCKMTC M ?P ?OSCAGBM NCJM AMPNM  QS@QRGRSGLBM M NMP ?P K?GQ DPGM
    /CLQCMOSŽMBGDCPCLRCTMA‘QCQCLRGPG?Q?GLBMN?P?AMPPCPCKSKBG?OSCLRCBCTCPŽMAMKTCLRMQMNP?LBM? IKFCK
    AMKN?P?ŽMAMKIKF$QQ?R?K@K?@?QCBMQCDCGRMQBMPCQDPG?KCLRMNPMKMTGBMQNCJMQTCLRGJ?BMPCQ.?K@GCLRC
    ?PRG¤AG?JTCLRGJ?BMPCQ MSL?RSP?J@PGQ? NMBCCDCRGT?KCLRC?HSB?PMAMPNM?NCPBCPA?JMPNMPAMLTCAŽM,CQKMBSP?LRC
    MLB?QBCA?JMP NMQQ”TCJPCBSXGPMPGQAMBCKMPRCAMKMSQM?BCOS?BMBCTCLRGJ?BMPCQ0, BGPCAGML?BMN?P?MAMPNM ?
    ¤K BC NPMKMTCP CK A?Q? M PCQDPG?KCLRM AMLTCARGTM  NCPB? BC A?JMP AMK M PCQDPG?KCLRM AMLTCARGTM BCNCLBC B?
    TCJMAGB?BCCB?RCKNCP?RSP?BM?Pv™@TGMOSCQS@QRGRSGP?A?K?B?BC?PB?QSNCPD”AGCBMAMPNMAMK¥SVMBC?POSCLRC
    LŽMRŽMC¤A?XOS?LRMAMKM¥SVMBC?PK?GQDPGM MOSCNMBCQCPD?AGJKCLRCCLRCLBGBMOS?LBMRMK?KMQAMKMCVCKNJM
    SKTCLRGJ?BMPOSCQMNP??POSCLRCCKAMKN?P?ŽMAMKSK?N?PCJFMBC?PAMLBGAGML?BMOSCCLTG??PDPGMN?P?MAMPNM
    QS?DPCLRC(LRCPCQQ?LRCKCLRC ?ŠES?R?K@KNMBCRCPSKCJCKCLRMBCNCPB?BCA?JMPAMLTCARGT?AMLDMPKCNCPAMPPC?
    NCJC TCJMAGB?BCB?ŠES?CKKMTGKCLRMCQS?RCKNCP?RSP?A?SQ?KGKN?ARMQQM@PC?CDCRGTGB?BCAMLTCARGT?N?P??NCPB?
    BCA?JMP5ŠPGMQRGNMQBCAM@CPRSP?N?P??A?@C?CPMSN?BCPCQDPG?KCLRMNCJ?ŠES?DMP?KCVNCPGKCLR?BMQCK?NJGA?CQ
    GLBSQRPG?GQ KGJGR?PCQCCQN?AG?GQCQCKMQRP?P?KCDCRGTMQ 

    >=3Dsr>
     3?>4Ekj? MAMPPC OS?LBM FŠ AMLR?RM D”QGAM CLRPC BS?Q QSNCPD”AGCQ  QCLBM ? BGPCŽM BM ¥SVM BC A?JMP BM M@HCRM K?GQ
    OSCLRCN?P?MK?GQDPGM/CJMCVCKNJMQSNP?AGR?BM SK?AMPPCLRCBCŠES?DPG?QM@PC?NCJCA?SQ??AMLBSŽMBMA?JMPB?
    NCJCK?GQOSCLRCN?P??ŠES?K?GQDPG?"MLRP?PG?KCLRC MSQMBC@?LFCGP?BCŠES?OSCLRCLMRP?R?KCLRMRCP?N‘SRGAMBM
    HMCJFMNPMKMTCM¥SVMBCA?JMPB?ŠES?N?P??QN?PRCQGKCPQ?QBMAMPNM#CTGBMQNPMNPGCB?BCQAMLBSRMP?Q GKCPEGP?
    NCQQM?CK@?LFCGP?BCŠES?DPG?PCBSX?RCKNCP?RSP?BMAMPNMK?GQPŠNGB?CCDCRGT?KCLRCBMOSCNCPK?LCACPBCNLM?P
    DPGMQC?ŠES?CM?PCQRGTCPCKL?KCQK?RCKNCP?RSP? JKBGQQM ?OS?LRGB?BCBC​ŠPC?BCQSNCPD”AGCCKAMLR?RMAMKM
    M@HCRMGL¥SCLAG??R?V?BCNCPB?N?P?MM@HCRMDPGM MSE?LFMBMM@HCRMDPGMN?P?MOSCLRC BCA?JMP(QRM OS?LBM?
    RCKNCP?RSP?ACLRP?JCJCT?B? KCPESJF?PMGL​BG​T”​BSMCK@?LFCGP?BCECJMNPMKMTCPŠK?GMPCDCGRMBCPCQDPG?KCLRMBMOSC
    ??NJGA?ŽMBC@MJQ?QBCECJMCKN?PRCQAMPNMP?GQCQNCA”¤A?Q
    86DA0
     8=C46A0sr>30B8=5>A<0s~4BtE8C0;?0A0>78?>Co;0<>A46D;0A42>=CA>;0A0C4<?4A0CDA024=CA0;
    ,MG?=;HCMGIM>??HNL;>;?M;​>;MŠIGIHCNIL;>IMJ;L;;DO>;L;L?AOF;L;N?GJ?L;NOL;=?HNL;F MCH@ILG;‹™?M>;
    N?GJ?L;NOL;M;HAO​H?;G;CM;FN;?>IML?=?JNIL?MN?LGIMM?HMP?CM@ILH?=?GMCH;CM;IBCJIN†F;GIJ;L;JLIGIP?L
    P;MI>CF;N;‹ŠI>;J?F??MO>IL?M?

    (0380sr>
     B1491kj? CLTMJTC KMJASJ?Q OSC CQRŽM AMLQR?LRCKCLRC QC KMTGKCLR?LBM C JG@CP?LBM A?JMP L? DMPK? BC MLB?Q
    CJCRPMK?ELRGA?Q -M ?K@GCLRC LMPK?J BC RCKNCP?RSP? BC  j"  ? P?BG?ŽM  PCQNMLQŠTCJ NMP ACPA? BC  B? NCPB?
    RMR?JBCA?JMP CLOS?LRMLM?K@GCLRCOSCLRCBCj"?NCL?QMT?JMP?NPMVGK?BMBCB?OS?LRGB?BCRMR?JBCNCPB?BC
    A?JMPNCJMAMPNMBCAMPPCLRCB?P?BG?ŽM0S?LBMMA?JMPAGPASLH?ACLRCK?GQ?JRMBMOSC?RCKNCP?RSP?BMAMPNM BC
    D?RM MAMPNMNMBCE?LF?PA?JMP4K¥SVMK?GMPBCA?JMPP?BG?LRCJG@CP?BMQCM?K@GCLRCDMPK?GQDPGM CLCPEG?L?
    DMPK?BCA?JMPP?BG?LRC?@QMPTGB?BCBGDCPCLRCQDMLRCQ QM@PCRSBMB?JSXQMJ?PBGPCR? PC¥CRGB?CMSRP?QDMLRCQBCCLCPEG?
    L?DMPK?BCA?JMPOSCLŽMMAMPNM AMKMSKP?BG?BMPMSQ?SL? QQGK SK?N?PRGB?BCR‘LGQBM SQRP?JG?L.NCLCKBG?
    CLQMJ?P?BM OSCLRCCžKGBM?NPCQCLR?SKAMLHSLRMCVGECLRCBCAMLBGCQOSCNPMBSXCKEP?LBCOS?LRGB?BCBCCQRPCQQC
    A?SQ?BM NCJM A?JMP  CLCPEG? P?BG?LRC BM QMJ L? ?JRGRSBC  K?GMP BM OSC ?M L”TCJ BM K?P  NMGQ MQ P?GMQ BC QMJ LŽM QŽM
    ¤JRP?BMQRŽM@CKNCJ??RKMQDCP?CGQQMPCQSJR?CK?SKCLRMB?GLRCLQGB?BCB?JSX NPMKMTCLBMCDCGRMQK?GQBP?KŠRGAMQCK
    NCP”M​BMQBCRCKNMK?GQASPRMQNCV OSCGK?BSP?QQMJ?PCQ 

    E0?>A0sr>
    5F1@?B1kj?MAMPPCOS?LBM?ŠES?JMA?JGX?B?L?QSNCPD”AGCB?NCJCAMPNMP?JCL?QTG?QPCQNGP?R™PG?QN?QQ?N?P?MCQR?BM
    E?QMQMT?NMPGX?ŽM ?@QMPTCLBMA?JMPCPCQDPG?LBMMAMPNM$QQCRGNMBCCT?NMP?ŽMMAMPPCBCK?LCGP?PCESJ?P?ŠES?
    AMLQR?LRCKCLRC QC BGDSLBC BM AMPNM L? QSNCPD”AGC B? NCJC C NMP KCGM B? PCQNGP?ŽM NCPBCKMQ A?JMP BC KMBM AMLR”LSM
    NCJM RP?RM PCQNGP?R™PGM  AMLRSBM  AMKM LŽM RCKMQ AMLQAG‘L​AG? BCQQC NPMACQQM   AF?K?BM BC YCT?NMP?ŽM GLQCLQ”TCJ^
    0S?LBMCVGQRCSK?A?PE?BCA?JMPQSNCPGMPSQS?JQM@PCMAMPNM AMKMBSP?LRC?NPŠRGA?BCCVCPA”AGMQ MKCA?LGQKMBC
    QSBMPCQCBCQCL​A?​BC?​BM QSBMPCQCSK?DMPK?CQNCAG?JGX?B?BCNCPB?BCA?JMPCT?NMP?RGT?OSCCLTMJTC?QCAPCŽMBC
    QMJSŽM BGJS”​B? BC Q?J B?Q EJ‹LBSJ?Q QSBMP”DCP?Q CLAMLRP?B?Q CK TŠPGMQ JMA?GQ NCJM AMPNM $QQ?Q EJ‹LBSJ?Q QCAPCR?K CQQ?
    QMJSŽMFGNMRšLGA?L?NCJCQM@CQRGKSJ?ŽMBMQGQRCK?LCPTMQMQGKNŠRGAM JESK?QTCXCQNMQQ”TCJM@QCPT?P NMPCVCKNJM
    ?QN?JK?QB?QKŽMQQS?B?QCKPCQNMQR??LQGCB?BC MOSCLŽMBCTCQCPAMLDSLBGBMAMK?QSBMPCQCCKPC?ŽM?MQBCQ?¤MQ
    RPKGAMQ  CT?NMP?ŽM RPKGA? C M PCQDPG?KCLRM BM AMPNM MAMPPCK OS?LBM M QGL?J BC A?JMP CQRGKSJ? ?Q EJ‹LBSJ?Q
    QSBMP”DCP?Q?QCAPCR?PCKQSMP MOS?JNMBCRCP?AMKNMQGŽM?JRCP?B?BCNCLBCLBMB??AJGK?RGX?ŽM?MA?JMP BMAJGK? B?
    BGCR?CBCD?RMPCQECLRGAMQ
    5GQRMOSCMAMPNMOSCLRC ?JESK?QKMJASJ?QBCŠES?QSMPL?A?K?B?QSNCP¤AG?J?NPCQCLR?KCLCPEG?AGLRGA?K?GMP
    BM OSC ?Q MSRP?Q KMJASJ?Q BC ŠES?QSMP OSC LŽM ?@QMPTCP?K R?LRM A?JMP AMPNMP?J $QQ?Q KMJASJ?Q BC PŠNGB?
    KMTGKCLR?ŽM T?NMPGX?K  NMGQ R‘K CLCPEG? AGLRGA? QS¤AGCLRC N?P? OSC ? ŠES? QCH? AMLTCPRGB? BM CQR?BM J”OSGBM N?P? M
    E?QMQM(QQMBCGV?L?NCJC?OSCJ?QKMJASJ?QBCŠES?QSMPBCCLCPEG?AGLRGA?KCLMP D?XCLBMAMKOSCMQSMP¤OSCAMK
    RCKNCP?RSP?K?GQ@?GV?CPCQSJR?LBMCKPCQDPG?KCLRMCT?NMP?RGTMB?NCJC?MKCQKMRCKNMOSCNCPKGRCMCQA?NCBMA?JMP
    "MK?AMLRGLSGB?BCBMCVCPA”AGMC?NPMBSŽMBCA?JMP CQQCAGAJMBCQSBMPCQCB?AGLRGA?KMJCASJ?PQCPCNCRCTŠPG?QTCXCQ
    NCPKGRGLBMOSCMAMPNMQC@CLC¤AGCBMPCQDPG?KCLRMCT?NMP?RGTM-MNPMACQQM NCPBC QCŠES?CMAMPNMNMBCQCRMPL?P
    EP?TCKCLRC BCQGBP?R?BM  SK? TCX OSC  MS  C CK A?QMQ CVRPCKMQ    lãFZ BC QSMP NMBCK QCP CJGKGL?BMQ BSP?LRC M
    CVCPA”AGMGLRCLQMQM@AMLBGCQBCA?JMPCSKGB?BC"MK?AMK@GL?ŽMBMQNPMACQQMQCT?NMP?RGTMQN?QQGTMQC?RGTMQ NMBC
    F?TCP NCPB? F”BPGA? QGELG¤A?RGT?  M OSC PCQQ?JR? ? GKNMPR‹LAG? B? FGBP?R?ŽM ?BCOS?B? BSP?LRC M CVCPA”AGM N?P? CTGR?P ?
    FGNM FGBP?R?ŽMC?BCQGBP?R?ŽM"?N”RSJM 

    ,4& <
    !=,7:-;-C!-5+)51;)>-:;=;+75+)51;)
    ,SGR?QTCXCQ OS?LBM?NCQQM?QCCVCPAGR?LMA?JMP ?RCLR?ŽM™@TG?BCRGP?P?A?KGQ?CQCCVCPAGR?PAMK?KŠVGK?
    CVNMQGŽMBCNCJC$K@MP??NPGLA”NGMGQQMNMQQ?D?XCPQCLRGBM BCTCKMQNCLQ?PK?GQQM@PCM?QQSLRM.QSMPRCK
    K?GQ T?JMP OS?LBM QC CLAMLRP? L? QSNCPD”AGC BM AMPNM  N?QQ?LBM NCJM DCLšKCLM BC PCQDPG?KCLRM CT?NMP?RGTM OSC
    ?HSB??CQDPG?PMAMPNM$QQCCDCGRMBCPCQDPG?KCLRMA?SQ?GKN?ARMQLM¥SVMBCQ?LESCN?P??NCJC MLBCPCQDPG?BMC
    K?LB?BMBCTMJR??MACLRPMBMAMPNMN?P??SVGJG?PR?K@KLMPCQDPG?KCLRMGLRCPLM2C?QEMR?QBCQSMPA?CKB?
    QSNCPD”AGCB?NCJC?LRCQOSCN?QQCKNCJMQNPMACQQMQCT?NMP?RGTMQ PCBSXGKMQMNPGLAGN?JCDCGRMBCPCQDPG?KCLRMN?P?
    MAMPNM(QQMCQNCAG?JKCLRCTCPB?BCN?P?MCVCPA”AGMGLRCLQMMSCKAMLBGCQBCEP?LBCA?JMP L?QOS?GQ?QR?V?Q
    BC QSBMPCQC QŽM CJCT?B?Q 5CQRGP SK? A?KGQCR? @P?LA? MS A?KGQ?Q CQNCAG?GQ DCGR?Q BC KGAPM¤@P? N CV  A?KGQCR?Q
    D?@PGA?B?QNCJ?4LBCP PKMSPC"MMJ,?V OSCNCPKGRCK?PCRCLŽM?BCOS?B?BCQSMPL?NCJCN?P?MPCQDPG?KCLRM
    CT?NMP?RGTM   K?GQ @CL¤AM JK BGQQM  ? CVNMQGŽM Q MLB?Q CJCRPMK?ELRGA?Q 45 B? NCJC QCK NPMRCRMP QMJ?P
    R?K@KNMBCMA?QGML?PA‹LACPBCNCJC

    86DA0
     #tC>3>B34?4A30460=7>3420;>A,=;FILJLI>OTC>IJ?FI=ILJI>OL;HN?IM?R?L==CIMŒ>L;G†NC=I
    >?PC>I‰M=IHNL;‹™?M​GOM=OF;​L?M?‰<;CR;?V=CHZC;>I=ILJIBOG;HI?GOM;LNI>;;?H?LAC; ,=;FILŒA;HBI;
    J;LNCL >; =IH>O‹ŠI >I =IHN;NI =IG I =BŠI
     =IHP?=‹ŠI ? L;>C;‹ŠI   J?L>; >? =;FIL Œ CGJ?L;NCP; J;L; G;HN?L ;
    @OH‹ŠI VMCIF•AC=; HILG;F ? Œ ;ORCFC;>; J?F; =IHP?=‹ŠI >; P;MI>CF;N;‹ŠI J?LC@ŒLC=; >I M;HAO? ? >; MO>IL?M? J;L;
    ;OG?HN;LIL?M@LC;G?HNI?P;JIL;NCPI

    37,.b%4,1(064(2(4'$(*$0+1'(&$.14
    . BCQ?¤M OSC M AMPNM CLDPCLR? LM CQRPCQQC MA?QGML?BM NCJM A?JMP MS CVCPA”AGM NP?RGA?BM CK ?K@GCLRC OSCLRC 
    LCACQQGB?BC BC K?LRCP M COSGJ”@PGM ?BCOS?BM CLRPC E?LFM C NCPB? BC A?JMP %GESP?   /?P? AMLQCPT?P ? RCKNCP?RSP?
    ACLRP?J BCLRPM BMQ JGKGRCQ ?ACGRŠTCGQ  NPCAGQ? QCP CQR?@CJCAGBM SK COSGJ”@PGM KSGRM NPCAGQM 2C CQQC COSGJ”@PGM LŽM DMP
    ?RGLEGBM NMBCMAMPPCPFGNCPRCPKG?QCKAMLRPMJC NMQQGTCJKCLRCJCT?LBMKMPRC#CSKJ?BMB?CQA?J?QCCLAMLRP?KMQ
    D?RMPCQOSCNPMKMTCKME?LFMBCA?JMP GLAJSQGTCGLRCLQGB?BCCBSP?ŽMBMCVCPA”AGM OS?LRGB?BCBC?RGT?ŽM​KSQASJ?P GL​
    ¥S‘L^G?QFMPKML?GQ CDCGRMQRPKGAMQBMQ?JGKCLRMQ AMLBGCQ?K@GCLR?GQ CQR?BMB?FGBP?R?ŽM PMSN?QCR?V?KCR?@™JGA?
    @?Q?J#MMSRPMJ?BMCQRŽMMQKCA?LGQKMQBCNCPB?BCA?JMPHŠBCQAPGRMQ?LRCPGMPKCLRC ?JKBMQKRMBMQBCPCQDPG?KCLRM
    CVRP”LQCAMQCBMQNPMRMAMJMQBCFGBP?R?ŽM GLRCEP?ŽMBCQQCQKSGRMQD?RMPCQBCRCPKGL?QCMAMPNMA?N?XBCK?LRCP?
    RCKNCP?RSP?ACLRP?JLMQJGKGRCQ¤QGMJ™EGAMQRMJCPŠTCGQQCKNPMBSXGPOS?JOSCPQGLRMK??BTCPQMMS?DCAŽMMA?QGML?B?NCJM
    A?JMP

    (52156$5/(6$%e.,&$5(&,4&7.$6e4,$5$1(564(55(1&$5,10$'12(.1&$.14
    Q PCQNMQR?Q AGPASJ?R™PG?Q ?M A?JMP AMLQRGRSCK MSRPM AMLHSLRM BC GKNMPR?LRCQ KCA?LGQKMQ PCJ?AGML?BMQ AMK MQ ?HSQRCQ
    ¤QGMJ™EGAMQBG?LRCBMQBCQ?¤MQBMA?JMP,CQKMQM@AMLBGCQBCPCNMSQM MA?JMP?SKCLR??DPCOp‘LAG?CMB@GRMA?PB”?
    AM C PCBGPCAGML? M ¥SVM AGPASJ?R™PGM $QQCLAG?JKCLRC  AMK M B@GRM A?PB”?^M CJCT?BM  M AMPNM PCBGQRPG@SG N?PRC BM ¥SVM
    Q?LES”​LCMN?P??NCPGDCPG?BCKMBMOSCMA?JMPNMQQ?QCPBGQQGN?BMCMQ?LESCPCQDPG?BM/CPK?LCACPQCLR?BMMSNP?RGA?P
    CVCPA”AGMLMA?JMPPCQSJR?CK?N?P‘LAG?BCNCJC?TCPKCJF?B?BCTGBM?M?SKCLRMBM¥SVMBCQ?LESCN?P??NCPGDCPG?(QQM
    CKAMLHSLRMAMK??ACL​RS?ŽMB?QSBMPCQC K?PA??RCLR?RGT?BMAMPNMBCBGQQGN?PA?JMP

    0>7a0&,$'$&1/215,_^1&14214$.('10b8(.'(&10',&,10$/(061)b5,&1
    AMKNMQGŽMAMPNMP?JNMBCGL¥SCLAG?PQGELG¤A?RGT?KCLRC?QSQACRG@GJGB?BC?MCQRPCQQCMA?QGML?BMNCJMA?JMP NPMBSŽM
    BCA?JMPNCJMCVCPA”AGMRCKPCJ?ŽMAMK?K?QQ?AMPNMP?JBMGL​BG​T”​BSMC NMPR?LRM M?PK?XCL?KCLRMBCA?JMPNMPSLGB?BC
    BC ​ŠPC? BC QSNCPD”AGC AMPNMP?J QCPŠ K?GMP L?Q NCQQM?Q EP?LBCQ OS?LBM AMKN?P?BM ?M ?PK?XCL?KCLRM CK GL​BG​T”​BSMQ
    NCOSCLMQ/MPCVCKNJM MFMKCKBCJGLF?MDCLQGT?B?-?RGML?J%MMR@?JJ+C?ESC-%+ BC KBC?JRSP?C IE
    CQR?PŠCKAJ?P?BCQT?LR?ECKLMHMEMPC?​JG​X?BMLMA?JMPBC?EMQRMCK,G?KG NMGQ?OS?LRGB?BCBCA?JMPNPMBSXGBMNMP
    SLGB?BCBC​ŠPC?BCQSNCPD”AGCAMPNMP?JMLBC?CT?NMP?ŽMMAMPPC K?GMPBMOSCLM+,-,5:0=,)(*2BC KBC?JRSP?C
      IE /MPACLR?ECLQ CJCT?B?Q BC EMPBSP? AMPNMP?J QŽM ?GLB? NGMPCQ N?P? M FMKCK BC JGLF?  NMGQ M CDCGRM GQMJ?LRC B?
    EMPBSP?D?X?NCPB?BCA?JMPK?GQBGD”AGJ
    .AMLBGAGML?KCLRMD”QGAMB?NCQQM?R?K@KGKNMPR?LRCOS?LBMLMQPCDCPGKMQRMJCP‹LAG??M?K@GCLRCOSCLRC-M
    ?K@GCLRC OSCLRC  ? PCBGQRPG@SGŽM BC Q?LESC BM ACLRPM N?P? MQ RCAGBMQ NCPGDPGAMQ  LCACQQŠPG? N?P? ?HSB?P ? BGQQGN?P M
    A?JMP(QQMQGELG¤A?OSCMQ?LESCOSCQCPG?RGNGA?KCLRCBGPCAGML?BMN?P??h SQASJ?RSP?BSP?LRCMCVCPA”AGM?EMP?CLTG?BM
    N?P??NCPGDCPG?JMEMBC@?GVMB?NCJCN?P?NCPKGRGPMCQA?NCBMA?JMP2CA?JMPQS¤AGCLRCLŽMDMPBGQQGN?BM NMQQ”TCJOSC
    QM@PCTCLF?FGNCPRCPKG??SKCLRMB?RCKNCP?RSP?ACLRP?JBMAMPNM  JKBGQQM QCKSGRMQ?LESCDMPCLTG?BMN?P?JMLEC
    BMACLRPM ¤A?PŠBGD”AGJN?P?MAMPNMPC?gGu?P??RGTGB?BCD”QGA?GLRCLQ?BCTGBMBGKGLSGŽMBM¥SVMQ?LES”L` M/MPR?LRM M
    COSGJ”@PGMCLRPC?NMPACLR?ECKBMB@GRMA?PB”?​AMCLTG?BMNCPGDCPG?N?P?BGQQGN?PA?JMPC?OSCJCLCACQQŠPGM?MQ™PEŽMQ
    ACLRP?GQC​KSQASJ?RSP?KSGRMBCJGA?BM2CLBM?QQGK OS?LBMFŠ?NPŠRGA?BCCVCPA”AGMGLRCLQM CQQCCOSGJ”@PGMCLRPC?Q
    BS?Q DSLCQ ¤QGMJ™EGA?Q ¤A? CK BCQ?AMPBM (LBGT”BSMQ OSC ?NPCQCLR?K AMLQSKM KŠVGKM BC MVGE‘LGM K?GQ ?JRM RCPŽM
    A?N?AGB?BCQBCB@GRMA?PB”?​AMK?GMPCQC OS?LBMAMK@GL?B?QAMKKCLMQEMPBSP?AMPNMP?JCP?XŽMD?TMPŠTCJCLRPC​ŠPC?
    BCQSNCPD”AGCASR‹​LC?CK?QQ?AMPNMP?J ?T?LR?ECKB?NPŠRGA?BMCVCPA”AGMLMA?JMPQCPŠTGQ”TCJ

    764w‚6D@42D:@?252DA6=@42=@C
    "MKMGL”AGMBMCVCPA”AGM A?JMPNPMBSXGBMCMBCQ?¤MBMAMPNMK?LRCP?RCKNCP?RSP?ACLRP?J?NCQ?PB?A?PE?K?GMPBC
    A?JMP$KRCKNCP?RSP?Q?K@GCLRCK?GQCJCT?B?Q CQQCBCQ?¤M?GLB?K?GQBGD”AGJ NMGQCVGQRCSKEP?BGCLRCBCRCKNCP?RSP?
    KCLMPCLRPCMAMPNMCM?K@GCLRC/MPAMLQC​OS‘LAG? MNMRCLAG?JBC?DCACQMA?QGML?B?QNCJMA?JMP?SKCLR?$LRCLBCPC
    PCAMLFCACP?QDMPK?Q@ŠQGA?QB?Q?DCACQA?SQ?B?QNCJMA?JMPTGR?JN?P?MRGKGX?P?QCESP?L??MQCCVCPAGR?P 

    ! 

    %DE6C>@CC646AE@C6DA6C4636>2E6>A6C2EFC24@CA@C2=62=6CE2>@9:A@Es=2>@A2C2BF6C6DA@?526>2?E6?922E6>A6C2EFC2:?E6C?2
    4@?DE2?E6
    E6>A6C2EFC22>3:6?E6F>:5256C6=2E:G26G6=@4:52565@G6?E@:?MF6?4:2>2E6>A6C2EFC246?EC2=5@4@CA@
    4@?G64wv@5:DD:A242=@CBF2?5@@2CD6>@G:>6?E2D@3C62DFA6C7{4:65@4@CA@
    @?5Fwv@x2EC2?D76Cy?4:25642=@C5@@3;6E@>2:DBF6?E6A2C2@>2:D7C:@
    (25:2wv@x2A6C525642=@C?27@C>256@?52D6=6EC@>28?xE:42D
    6G2A@C2wv@AC@>@G6A6C525642=@CBF2?5@s8F2@FDF@CxG2A@C:J25@@F4@?G6CE:5@A2C2@6DE25@82D@D@
    %DAF=>‚6D5:DD:A2>42=@CA@C>6:@52A6CDA:C2wv@:?D6?D{G6=
    %2F>6?E@5@MFI@D2?8F{\6@A2C22A6C:76C:2A6C>:E625:DD:A2wv@5642=@C
    %4@?5:4:@?2>6?E@7{D:4@>6=9@C22D42A24:5256D565:DD:A2wv@5642=@C

    ^,%4$5&$75$'$52(.1&$.14
    Q 3j92B1C 4? 31<?B GLBSXGB?Q NCJM CVCPA”AGM QŽM AŽG@P?Q ​KSQASJ?​PCQ OSC MAMPPCK OS?LBM ? NCQQM?  CVNMQR? ?M A?JMP
    PCQSJR?LRCQKSGR?QTCXCQBCBCQGBP?R?ŽM B¤AGRBCQ™BGMNMPRMBMMAMPNMCD?BGE?LCSPM h SQASJ?P%GESP? 0S?LBM
    ?QQGQRGKMQTŠPGMQCQNMPRCQNCJ?RCJCTGQŽM M@QCPT?KMQKSGRMQHME?BMPCQBCDSRC@MJ DSRC@MJ?KCPGA?LM PžE@GCJ?APMQQCQC
    ASPT?PCKCQCESP?PCK?AMV?MSN?LRSPPGJF?AMKTGQ”TCJCVNPCQQŽMBCBMPCMQNPCN?P?BMPCQD”QGAMQRCLR?LBM?JMLE?PM​
    KžQASJM?DCR?BM"MKDPC​OS‘LAG? CQQ?QAŽG@P?QQŽMNPMBSXGB?QNCJMCVCPA”AGMGLRCLQMCQŽMA?P?ARCPGX?B?QNMPAMLRP?CQ​
    KSQASJ?​PCQGLTMJSLRŠPG?QKSGRMBMJMPMQ?Q$LRPCR?LRM ?QAŽG@P?Q​KSQASJ?​PCQNMBCKMAMPPCP?RKCQKMCKPCNMSQM?N™Q?
    NPŠRGA? BC CVCPA”AGMQ MS BC SK? QPGC BC CVCPA”AGMQ 4K? AMK@GL?ŽM BC D?RMPCQ AMLRPG@SG N?P? ?Q AŽG@P?Q A?SQ?B?Q NCJM
    A?JMP GLAJSQGTCBCQGBP?R?ŽM BCQCOSGJ”@PGMQCJCRPMJ”RGAMQCMSD?BGE?LCSPM​KSQASJ?PBCNPŠRGA?QKžJRGNJ?Q.RCPKMYAŽG@P?Q
    BMA?JMP^NMBCQCPGL?BCOS?BM NMGQKSGR?QTCXCQQCBCQCLTMJTCKOS?LBM?RCKNCP?RSP?ACLRP?JQCCLAMLRP?L?T?PG?ŽM
    LMPK?J (LRCPCQQ?LRCKCLRC  DMG AMLQR?R?BM OSC ?Q AŽG@P?Q BM A?JMP QŽM ? DMPK? K?GQ AMKSK BC ?DCAŽM MA?QGML?B? NCJM
    A?JMPL?QRP‘QNPGKCGP?QQCK?L?QBCRPCGL?KCLRMCKBMGQRSPLMQ?MBG?CK?K@GCLRCQOSCLRCQLMDSRC@MJ?KCPGA?LM
    86DA0
      r81A0B 3> 20;>A M =ŠC<L;M =;OM;>;M J?FI =;FIL MŠI GOCNI =IGOHM ?G ?MJILN?M ? ;NCPC>;>?M
    L?=L?;NCP;M KO? ?HPIFP?G ?R?L==CI CHN?HMI HI =;FIL =IG IONLIM >?M;VIM ;MMI=C;>IM
     ? MŠI >?=ILL?HN?M >;
    >?MC>L;N;‹ŠI ? J?L>;M ?F?NLIFNC=;M  M =ŠC<L;M >I =;FIL MŠI =IHNL;‹™?M CHPIFOHN†LC;M >; ​GOM=OF;NOL; ? GOCNI
    >IFILIM;M MŠI NL;N;>;M =IG L?JIOMI ? L?M@LC;G?HNI
     CHA?MNŠI >? FKOC>IM ? ?F?NL•FCNIM
     ;FIHA;G?HNI F?P? ?
    G;MM;A?GMO;P?>IALOJI​GOM=OF;L;@?N;>I?=IHMOFN;GŒ>C=;KO;H>IHŠIJ;MM;G?GB

    b0&12(
    0S?LBM SK ?RJCR? MS OS?JOSCP GL​BG​T”​BSM NCPK?LCAC QCLR?BM MS BC N NMP KSGRM RCKNM LM A?JMP  MS OS?LBM ?A?@? BC
    AMKNJCR?PSK??RGTGB?BCCK?K@GCLRCOSCLRC ?Co>3?@5BMA?JMP MSBCQK?GM NMBCMAMPPCP QRMLRSP?QMSTCPRGECLQLM
    A?JMP NMBCK QCP A?SQ?B?Q NMP CVACQQGT? BGJ?R?ŽM NCPGDPGA?  ?AžKS​JM BC Q?LESC LMQ KCK@PMQ GLDCPGMPCQ PCBSXGLBM M
    PCRMPLM TCLMQM  BCQGBP?R?ŽM  PCBSŽM BM B@GRM A?PB”?​AM C  NMQQGTCJKCLRC  GQOSCKG? ACPC@P?J  $QQ? ?DCAŽM A?SQ?B?
    NCJMA?JMPK?GQDPCOSCLRCCKGL​BG​T”​BSMQOSCLŽMN?QQ?P?KNMP?AJGK?ŽMMS?AJGK?RGX?ŽM?M?K@GCLRCOSCLRC

    9$756^11&$5,10$'$2(.1&$.14
     5H1ECDj? 31EC141 @5<? 31<?B BSP?LRC ? NPŠRGA? BM CVCPA”AGM NMBC PCQSJR?P BC KžJRGNJMQ D?RMPCQ BGDCPCLRCQ  GLAJSQGTC
    QSBMPCQC NPMDSQ?  BCQGBP?R?ŽM  NCPB? BC Q™BGM C BCNJCŽM BC CLCPEG? 3GNGA?KCLRC  MAMPPC CK ?K@GCLRCQ OSCLRCQ C
    žKGBMQ  M OSC RMPL? M BG?EL™QRGAM BGD”AGJ N?P? KSGRMQ NPCN?P?BMPCQ D”QGAMQ .Q QGL?GQ C QGLRMK?Q QŽM N?JGBCX  AŽG@P?Q ​
    KSQASJ?​PCQNCPQGQRCLRCQ DP?OSCX? BCQK?GM RMLRSP?Q ACD?JCG? FGNCPTCLRGJ?ŽM LŠS​QC?Q BG?PPCG?CNCPB??ESB?BMCQR”KSJM
    N?P? QC ?JGKCLR?P  BGKGLSGŽM BM B@GRM SPGLŠPGM C B? RCKNCP?RSP? AMPNMP?J ACLRP?J  ? OS?J T?PG?  CK ECP?J  BC j" ?
    j"   #CTCKMQ M@QCPT?P OSC ? CV?SQRŽM MA?QGML?B? NCJM CVCPA”AGM  BGD”AGJ BC QCP BGQRGLESGB? BM AMJ?NQM GLBSXGBM
    NCJM A?JMP GLRCPK?ŽM  0S?LBM FŠ BžTGB?Q  M RP?R?KCLRM BC PCQDPG?KCLRM B? GLRCPK?ŽM BCTC QCP PC?​JG​X?BM  NMGQ ?Q
    NMRCLAG?GQ AMLQC​OS‘LAG?Q N?P? ? Q?ž​BC  ?Q OS?GQ GLAJSCK ? KMPRC  QŽM K?GQ EP?TCQ LMQ A?QMQ BC GLRCPK?ŽM BM OSC BC
    CV?SQRŽMA?SQ?B?NCJMA?JMP

    06(4/$_^1,0'7:,'$214(9(4&b&,1
    9>D5B=1kj?9>4EJ941@?B5H5B3o39?SK?CKCPE‘LAG?KBGA?ECLS”​L? AMLRSBM KSGR?QTCXCQAMLDSLBGB?AMK
    ?CV?SQRŽMA?SQ?B?NCJMA?JMP2CLŽMDMPRP?R?B?AMKP?NGBCX NMBCJCT?PKMPRC"MKMCVCPA”AGMGLRCLQMCBCJMLE?
    BSP?ŽM  ? NPMBSŽM BC A?JMP BM AMPNM MS ? GLA?N?AGB?BC BC CJGKGL?ŽM BC A?JMP NMBC QM@PCA?PPCE?P M QGQRCK?
    RCPKMPPCESJ?BMP  MA?QGML?LBM ? GLRCPK?ŽM  KMPRC BCAMPPCLRC B? (($  SK? RP?EBG? AMLQCOSCLRC  GL?ŽM  HŠ OSC 
    NMQQ”TCJ RP?RŠ J? AMK C¤AŠAG? QC ?Q ?CQ ?NPMNPG?B?Q DMPCK RMK?B?Q GKCBG?R?KCLRC %GESP?   -? GLRCPK?ŽM  ?
    RCKNCP?RSP?ACLRP?JCKECP?JCQRŠCJCT?B??K?GQBCj" A?SQ?LBMB?LMACJSJ?P?MQ™PEŽMQCRCAGBMQ GLAJSQGTC?MACLRPM
    RCPKMPPCESJ?BMP LM FGNMRŠJ?KM "MK GQQM  MQ KCA?LGQKMQ BC CJGKGL?ŽM BC A?JMP QŽM GL?RGT?BMQ L? GLRCPK?ŽM  MG OSC
    NCPKGRCK?GQ?SKCLRMQL?RCKNCP?RSP?ACLRP?J?KMPRCNMBCMAMPPCPCKRCKNCP?RSP?QACLRP?GQCJCT?B?Q?j" $K@MP?
    KSGRMQ KRMBMQ BC KCLQSP?ŽM B? RCKNCP?RSP? ACLRP?J CQRCH?K BGQNML”TCGQ  MQ K?GQ NPCAGQMQ QŽM ?OSCJCQ OSC KCBCK ?
    RCKNCP?RSP? PCR?J Q ?JRCP?CQ ¤QGMJ™EGA?Q OSC ?AMLRCACK AMK ? GLRCPK?ŽM GLAJSCK ?SKCLRM B? ?AGBMQC JŠARGA?
    CVACQQM BC NMRŠQQGM LM Q?LESC  GLQS¤AG‘L^G? PCL?J ?ESB?  P?@BMKG™gGQC BCQRPSGŽM BM RCAGBM h SQASJ?P NPMKMTCLBM M
    ?N?PCAGKCLRM  LM Q?LESC  BC KGMEJM@GL? C MSRP?Q NPMRC”​L?Q LMPK?JKCLRC CLAMLRP?B?Q LM ​KžQASJM  BGQRžP@GMQ BC
    Q?LEP?KCLRM C MSRP?Q AMLBGCQ KBGA?Q $QQ?Q ?JRCP?CQ  OS?LBM AMK@GL?B?Q  NMBCK MA?QGML?P ? KMPRC .Q QGL?GQ C
    QGLRMK?Q BC GLRCPK?ŽM QŽM ?ACJCP?ŽM B? DPC​OS‘LAG? A?PB”?​A? R?OSGA?PBG?  FGNMRCLQŽM  QSBMPCQC CK@MP? ? NCJC NMQQ?
    CQR?P QCA? LM KMKCLRM BM AMJ?NQM  FGNCPTCLRGJ?ŽM  ?JRCP?ŽM BM CQR?BM KCLR?J  BG?PPCG?  AMLTSJQCQ C AMK? .
    RP?R?KCLRMBCTCQCAMLACLRP?PLMPŠNGBMPCQDPG?KCLRMBMAMPNM NMGQ OS?LRMK?GQJMLE??BCKMP?LMRP?R?KCLRMB?(($
    K?GMP?NMQQG@GJGB?BCBCKMPRC%GESP? 

    $614(537(,0>7(0&,$/$5$)(&_g(51&$5,10$'$52(.1&$.14
    . L”TCJ BC AMLBGAGML?KCLRM C ? GB?BC ?DCR?K ? QSQACRG@GJGB?BC Q ?DCACQ C PCQNMQR?Q BCQCL​A?​BC?​B?Q NCJM A?JMP C NCJ?
    SKGB?BC .E‘LCPM LMCLR?LRM N?PCACRCPCDCGRMK”LGKM C NMPR?LRM LŽMSKD?RMPOS?LBM?T?JG?CQQŽMDCGR?Q
    NMPR?K?LFMAMPNMP?J L”TCJBCAMLBGAGML?KCLRM EMPBSP?AMPNMP?JCL”TCJBC?AJGK?RGX?ŽM (QQMTCPB?BC ?NCQ?PBM
    D?RMBCOSC?QSBMPCQCBCQCL​A?​BC?​B?RCKNCP?RSP?ACLRP?JK?GQ?JR?L?QKSJFCPCQBMOSCLMQFMKCLQ PCQSJR?LBMCK
    PCR?PBMB?PCQNMQR?B?QSBMPCQCCLRPC?QKSJFCPCQOSCQCCVCPAGR?K

    $wE4;342>=3828>=0<4=C>
    /MP QCP SK D?RMP BC PGQAM KMBG¤AŠTCJ  M L”TCJ BC AMLBGAGML?KCLRM BCTC QCP ASGB?BMQ?KCLRC AMLQGBCP?BM ?LRCQ BC LMQ
    BCBGA?PKMQ ? SK? ?RGTGB?BC QM@ A?JMP ?K@GCLR?J CVRPCKM . AMLBGAGML?KCLRM A?PBGMT?QASJ?P  CK N?P​RGASJ?P  BCTC QCP M
    DMAMNPGLAGN?JBMNPMEP?K?BCAMLBGAGML?KCLRMAMKM@HCRGTMBCKCJFMP?P?PCQNMQR?BMGL​BG​T”​BSM?MA?JMPCPCBSXGPM
    NMRCLAG?JBC?DCACQA?SQ?B?QNCJMA?JMP
    3034
    "MKMCLTCJFCAGKCLRM ?DSLŽMA?PBGMT?QASJ?PQMDPCBCAJ”LGMQ .RPCGL?KCLRMNMBC?HSB?P?PCR?PBŠ JM NMPKLŽM
    A?N?X BC CJGKGL?P MQ CDCGRMQ BM CLTCJFCAGKCLRM  BGKGLSGŽM BM B@GRM A?PB”?​AM PCJ?AGML?B? AMK M CLTCJFCAGKCLRM
    BCQCKNCLF?N?NCJDSLB?KCLR?JL?PCBSŽMB?A?N?AGB?BCB?NCQQM?AMKK?GQGB?BCBCJGB?PAMKMCQRPCQQCA?SQ?BMNCJM
    A?JMP QNCQQM?QK?GQTCJF?QLŽMAMLQCESCKPCQNMLBCP?MA?JMPAMK?KCQK?CJCT?ŽMBCB@GRMA?PB”?​AMBMQGL​BG​T”​BSMQ
    K?GQHMTCLQ/MPGQQM MBCQ?¤MBCQGKSJR?LC?KCLRCDMPLCACPQ?LESCQS¤AGCLRC?MQKº QASJMQCK?RGTGB?BCCNCPGDCPG?N?P?
    D?AGJGR?P?NCPB?BCA?JMPK?GMPN?P??QNCQQM?QK?GQTCJF?QBMOSCN?P??QHMTCLQ.@MKOSC ?QQGKAMKMMQGL​BG​T”​BSMQ
    HMTCLQ  ?Q NCQQM?Q K?GQ TCJF?Q QŽM A?N?XCQ BC QMDPCP ?AJGK?RGX?ŽM ?M A?JMP  BC K?LCGP? OSC  NMQQ”TCJ KCJFMP?P ?
    A?N?AGB?BCBCQCCVCPAGR?PQM@AMLBGCQ?K@GCLR?GQBCQD?TMPŠTCGQ

    6D6>A6?9@?@42=@C
    NPCN?P?ŽMN?P?MBCQCKNCLFMLMA?JMPSK?NPCMASN?ŽMBCKSGRMQRPCGL?BMPCQC?RJCR?Q CQNCAG?JKCLRCOS?LBMLŽM
    RGTCP?K ? AF?LAC BC QC ?AJGK?RGX?P ?MQ CQRPCQQCQ ?K@GCLR?GQ "MLDMPKC ?NMLR?BM ?LRCPGMPKCLRC  M AMLBGAGML?KCLRM
    A?PBGMT?QASJ?PTGR?JN?P?JGKGR?PMQCDCGRMQLCE?RGTMQBMA?JMP ?GLB?OSCMCQRPCQQCC?Q?DCACQMA?QGML?B?QNCJMA?JMP
    NMQQ?K MAMPPCP KCQKM LM ?RJCR? K?GQ @CK AMLBGAGML?BM QC ?Q NPCA?SCQ LŽM DMPCK RMK?B?Q C MQ QGL?GQ BC ?JCPR? LŽM
    DMPCKNCPAC@GBMQ 

    )MSPL?JMD2RPCLERF?LB"MLBGRGMLGLE1CQC?PAF   


    o-?RGML?J2RPCLERF"MLBGRGMLGLE QQMAG?RGML

    )*(*X)%(,,Y$*(*#$*%+%
    $*(#WV%$+0&%(.([%
    %+") )  (/# $()%$ "-($ (#)*(%$ ("# #()

    <4(5,9-694(5*,()69(;69@,7(9;4,5;6-05,:0636.@,(. */6636-+<*(;065"50=,9:0;@6-655,*;0*<; ;699:


    655,*;0*<;

    
    S?LBM MQ ?RJCR?Q NP?RGA?K CVCPA”AGMQ GLRCLQMQ LM A?JMP  M PGQAM BC GLRCPK?ŽM GLBSXGB? NMP CVCPA”AGM (($   SK? NPCQCL? AMLQR?LRC

    Q $K@MP?RMBMQMQCQDMPMQNMQQ”TCGQBCT?KQCPDCGRMQN?P?KGLGKGX?PMPGQAMBC(($0, ?AJGK?RGX?ŽMBMQ?RJCR?Q?LRCQBCAMKC?P?Q
    NPŠRGA?QTCXCQBG? MRGKGX?ŽMBMAMLBGAGML?KCLRMBM?RJCR? NPMEP?K?ŽMBMQRPCGLMQL?QFMP?QK?GQDPG?QBMBG? K?LSRCLŽMB?@M?
    FGBP?R?ŽM  KMBG¤A?ŽM BMQ NPMEP?K?Q BC RPCGL?KCLRM AMK @?QC L?Q AMLBGCQ ?K@GCLR?GQ  ?NJGA?ŽM ?NPMNPG?B? B?Q P?XCQ
    RP?@?JFMPCNMSQM ?SKCLRMEP?B?RGTMB?OS?LRGB?BCBCCOSGN?KCLRMQCGRCLQBMSLGDMPKC ?SKCLRMNPMEPCQQGTMB?BSP?ŽMCGLRCLQGB?BCB?QNPŠRGA?Q
    CRA LCK?QKCJFMPCQCOSGNCQKBGA?QC?RJRGA?QNPM?RGT?QAMLQCESCKCTGR?PRMBMQMQA?QMQBC(($"MKMGL”AGMBMQRPCGL?KCLRMQCQNMPRGTMQCKBMGQ
    RSPLMQNMPBG?CK?EMQRM ?QGLQRGRSGCQN?RPMAGL?BMP?QCRMBMQMQNPM¤QQGML?GQBCQ?ž _ CNPCAGQ?KQCACPRG¤A?PBCOSCRMB?Q?QNPCA?SCQ?BCOS?B?Q
    DMP?KCKNPCE?B?QBCKMBMOSC CKA?QMBC(($ QCH?NMQQ”TCJCTGR?PSK?RP?EBG?
    CQRP?REG?BCNCLBCB?NPMLR??T?JG?ŽMCBMPŠNGBM?RCLBGKCLRMB?(($ ?T?JG?ŽMCLTMJTCBMGQAMKNMLCLRCQ AF?TC? GBCLRG¤A?ŽMB?BGQDSLŽM
    B?N?PRCACLRP?JBMQGQRCK?LCPTMQM2-" C@ BCRCPKGL?ŽMPŠNGB?CNPCAGQ?B?RCKNCP?RSP?ACLRP?JBMAMPNM.QQGL?GQBCBGQDSLŽMBM2-"GLAJSCK
    AMKNMPR?KCLRM GPP?AGML?J  ?JRCP?ŽM B? AMLQAG‘L​AG?  AMLTSJQCQ  AMK?  RMLRSP?Q  GPPGR?@GJGB?BC  GLQR?@GJGB?BC CKMAGML?J  FGQRCPG?  ?N?RG?  K?S FSKMP
    K?PAF?A?K@?JC?LRC AMLDSQŽM BCQMPGCLR?ŽMCBCJ”PGM3CKNCP?RSP?QQSNCPGMPCQ? j"j% LMKMKCLRMBMAMJ?NQMGLBGA?KNMQQG@GJGB?BCBC
    (($ PŠNGB?PC?​JG​X?ŽMBC?K@?Q?QN?PRCQB??T?JG?ŽMDSLB?KCLR?J NMGQM?RJCR?NMBCKMQRP?P@PCTCQGLRCPT?JMQBCJSAGBCX?KGL BSP?LRCMQ
    OS?GQNMBCCQR?PAMLQAGCLRC AMCPCLRCCD?J?LRC NMPK NPMT?TCJKCLRC PCTCJ? QCK?J FSKMP?BM CMRPCGL?BMPMSNPCN?P?BMPD”QGAMOSCAMLFCAC@CKM
    ?RJCR?A?N?XBCPCAMLFCACPOSC?JEMCQRŠCPP?BM ?T?JG?ŽMB?RCKNCP?RSP?NPCAGQ?QCPKCBGB?NCJMPCRM/CQOSGQ?QPCACLRCQKMQRP?P?KAMKAJ?PCX?
    OSC OS?LBMMQ?RJCR?QPC?​JG​X?T?KCVCPA”AGMQGLRCLQMQLMA?JMP ?QKCBGB?QB?RCKNCP?RSP??VGJ?P MP?J RGKN‹LGA?CRCKNMP?JLŽMDMP?KTŠJGB?Q NMGQQŽM
    GL¥SCLAG?B?QNMPFGNCPTCLRGJ?ŽM GLECQRŽMBCJ”OSGBMQMP?GQ ?JRCP?CQBCRCKNCP?RSP?B?NCJC QSBMPCQCCMSRPMQD?RMPCQKGRGE?LRCQ/MPR?LRM CQQCQ
    MSRPMQKRMBMQLŽMPC¥CRCKAMKNPCAGQŽM?RCKNCP?RSP?ACLRP?J RCKNCP?RSP?CV?R?RMPL? QC?GLB?K?GQGKNMPR?LRCOS?LBMM?RJCR?RCKGLRCPT?JMQ
    BCJSAGBCX NMGQMKMKCLRMBMRP?R?KCLRMAP”RGAMNMBCQCNCPBCP2CSK?RJCR?AMKQSQNCGR?BC(($?NPCQCLR?RCKNCP?RSP?ACLRP?JQSNCPGMP? j"
    CMS?BGQDSLŽMBM2-"DMPCTGBCLRC MPCQDPG?KCLRMBCRMBMMAMPNMNPCAGQ?AMKC?PBCGKCBG?RM
    -MRP?R?KCLRMB?(($ ?KŠVGK?YPCQDPGCNPGKCGPM RP?LQNMPRCBCNMGQ^BCTCMPGCLR?PMASGB?BMGKCBG?RMQCSK?COSGNCKBGA??NPMNPG?B?CQRGTCPLM
    JMA?J0, KBGAMB?COSGNCMSNPCN?P?BMPD”QGAM  JKBCAF?K?P??K@SJ‹LAG?OS?LBM?(($GBCLRG¤A?B? ?COSGNCKBGA?BCTCRCPSKNJ?LMBC
    CKCPE‘LAG?LMJMA?JN?P?PCQDPG?PM?RJCR??ROSC?RCKNCP?RSP?PCR?J?RGLH?j"L??SQ‘LAG?BCOS?JOSCPMSRP?OSCQRŽMCKCPECLAG?J ?LRCQOSCQCH?
    RP?LQNMPR?BMN?P??QGLQR?J?CQKBGA?QK?GQNP™VGK?Q,CQKMOSC?COSGNCKBGA?LŽMCQRCH?NPCQCLRC PCAMKCLB?KMQMPCQDPG?KCLRM?R?AFCE?B?
    B??K@SJ‹LAG? NMGQMPŠNGBMPCQDPG?KCLRM?AF?TCN?P??QM@PCTGT‘LAG?LMQA?QMQBC(($
    $K@MP?M?RJCR?BCT?QCPPCQDPG?BMNMPOS?JOSCPKCGMBGQNML”TCJ ?GKCPQŽMCKŠES?ECJ?B?( & PCTCJMS?QKCJFMPCQR?V?QBCPCQDPG?KCLRM ( &
    NMBCQCPD?AGJKCLRCAMLQCESGB?AMKSK?@?LFCGP?BCŠES?DPG?CKSKACLRPMBCRPCGL?KCLRMMSAMKSK?@?LFCGP?BCNJŠQRGAMPCQGQRCLRCJMA?JGX?B?
    NP™VGKM?MJMA?JBCRPCGL?KCLRM4KJCLMJBCA?K?MSRM?JF?NMP@?GVMB?Q?VGJ?QBM?RJCR?QCESP?B?NMPSK?QQGQRCLRCNMQGAGML?BMNMPRPŠQBM?RJCR?
    LŽMNCPKGRCOSCMN?AGCLRC?DSLBC -?QMK@P? ?@?LFCGP?BCTCQCPAFCG??R?KCR?BCCMS*663,9:BCECJMBCTCKCQR?PNP™VGKMQN?P?PCBSXGP?
    RCKNCP?RSP? B? ŠES? AMK P?NGBCX  AMLDMPKC ? LCACQQGB?BC  RCKNCP?RSP? B? ŠES? BCTC QCP K?LRGB? CLRPC j" C j" "MK CVACŽM B? A?@C?  M
    KŠVGKMBCAMPNMNMQQ”TCJBCTC¤A?PGKCPQM ŠES?BCTCAGPASJ?PBSP?LRCMPCQDPG?KCLRMC?RCKNCP?RSP?PCR?JBM?RJCR?BCTCQCPKMLGRMP?B?BSP?LRCM
    NPMACQQM QQGK OSC ? RCKNCP?RSP? AFCE?P ? j"  M ?RJCR? NMBC QCP PCKMTGBM B? ŠES? "MJCE?Q BC COSGNC MS MSRPMQ ?SVGJG?PCQ ?HSB?K ? JCT?LR?P M
    N?AGCLRCAMK(($N?P?DMP?B?@?LFCGP?2C??T?JG?ŽMGLGLRCPPSNR?B?RCKNCP?RSP?PCR?JLŽMDMPNMQQ”TCJBSP?LRC?( & PCAMKCLB?KMQ??T?JG?ŽMB?
    RCKNCP?RSP? PCR?J GLGAG?J C SK? PC?T?JG?ŽM ?N™Q  KGL BC ( &  R?V? BC PCQDPG?KCLRM AMK ? ( &  BC ACPA? BC j"KGLZ C  OS?LBM QC Q?@C ?
    RCKNCP?RSP?PCR?JGLGAG?JC?BSP?ŽMBMPCQDPG?KCLRM NMQQ”TCJRCPSK?GBCG?B?Q?JRCP?CQB?RCKNCP?RSP?ACLRP?J$K@MP??( &QCH?AJ?P?KCLRCM
    KCJFMP KRMBM BC PCQDPG?KCLRM  QC SK? @?LFCGP? LŽM CQRGTCP BGQNML”TCJ  MSRPMQ KRMBMQ NMBCK QCP SRGJGX?BMQ  AMKM ?NJGA?P RM?JF?Q KMJF?B?Q C
    ECJ?B?QQM@PCMAMPNM QS@QRGRSGLBM ?QAMKDPC​OS‘LAG?NMPMSRP?QRM?JF?QKMJF?B?QCECJ?B?QCQNGPP?PŠES?ECJ?B?LMAMPNMCBGPCAGML?PTCLRGJ?BMPCQ
    N?P?M?RJCR?AMJMA?PM?RJCR?CK@?LFMDPGMCAM@PG JMAMKECJM
    APCBGR?KMQOSC?QM@PCTGT‘LAG?QCH?MRGKGX?B?COS?QCE?P?LRGB? OS?LBM??T?JG?ŽMNPCAGQ?C?( &QŽMGKCBG?R?KCLRCGKNJCKCLR?B?Q/MBCQCP
    LCACQQŠPGMOSCNPMACBGKCLRMQCNMJ”RGA?QGLQRGRSAGML?GQQCH?KKMBG¤A?BMQAMKPCJ?ŽM(($N?P?PC¥CRGPCQQ?QPCAMKCLB?CQ CMQBCR?JFCQBCTCKQCP
    BGQASRGBMQCNP?RGA?BMQ?LRCQOSCSKGLAGBCLRCMAMPP? (($SKPGQAMAMLQGQRCLRCN?P?MQ?RJCR?QOSCQCCVCPAGR?KCK?K@GCLRCQOSCLRCQMPGQAMBC
    KMPRCBCAMPPCLRCBC(($LŽMNPCAGQ?CVGQRGP

    %.-3$2 #("(.- (2
    !(-*+$8 ', )!$"*$33 #)" 2 #*+$(-$1  -#//+4,,$1-?RGML?J RFJCRGA3P?GLCPQ QQMAG?RGMLNMQGRGMLQR?RCKCLR$VCPRGML?JFC?RGJJLCQQCQ
    ;/3!9(05Z
    " 2  #)  -# +$ 1,231.-& $VCPRGML?J FC?RQRPMIC  KCBGA?J CKCPECLAW (L ?,9;065(3 ,(; 335,::,:  +$ PKQRPMLE CB  "F?KN?GEL  (+ 'SK?L
    *GLCRGAQ NNZ Z
    " 2 #) +$ 1,231.-& ,2& -(.  -#268$ 1&(-$VCPRGML?JFC?RQRPMICGLAMKCRGRGTC?RFJCRCQ<99 769;:,+,7Z

    86DA0
     *A0C0<4=C> 30 8=C4A<0sr> /?CGJL?MMI =IG J?LGCMMŠI >? +;NCIH;F 0NL?HANB ;H> IH>CNCIHCHA
    MMI=C;NCIH
     IFIL;>I 0JLCHAM
     ,
     20  ;M; !'
     H>?LMIH '*
     LGMNLIHA )"   0OLPCP;F MNL;N?AS ;=ON?
    NL?;NG?HNI@?R?LNCIH;FB?;NMNLIE? '0NL?HANB IH>/?M  

    ! 

    v:3C2DD{?4@A66I2FDEv@6:?E6C>2wv@@42D:@?252DA6=@42=@CDv@4@?5:w‚6D4@?D6BF6?E6Du6IA@D:wv@2@42=@C
     :?E6C>2wv@ x 2 >2:D A6C:8@D2 A@:D A@56 D6C 72E2= 6DA64:2=>6?E6 D6 7@C 4@?7F?5:52 4@> 2 6I2FDEv@ 42FD252 A6=@ 42=@C 6 @
    EC2E2>6?E@56>@C2C
    D>65:52D52E6>A6C2EFC246?EC2=Dv@@ƒ?:4@5:28?DE:4@2AFC25@56:?E6C>2wv@
    52566?{G6=564@?5:4:@?2>6?E@7{D:4@276E2>2DFD46E:3:=:5256uD2764w‚6D42FD252DA6=@42=@C
    86DA0
     0=748A0B Br> DB030B => CA0C0<4=C> 30 8=C4A<0sr> ,M ;NL;MIM HI NL;N;G?HNI >; CHN?LG;‹ŠI ?G
    PCLNO>?>IM>C;AH•MNC=IM?KOCPI=;>IM>??R;OMNŠI>I=;FIL
    JIL?R?GJFI
    JI>?GM?L@;N;CM ,NL;N;G?HNIL†JC>I>;
    CHN?LG;‹ŠI Œ PCN;F J;L; ; MI<L?PCPH=C;  2G; <;HB?CL; >? †AO; @LC; IO =IG A?FI Œ I GŒNI>I G;CM ?@?NCPI ? >?P?
    ?MN;L>CMJIHP?F?GNI>IMIMFI=;CM>?=IGJ?NC‹ŠI?L?=L?;‹ŠIIH>?;M;@?=‹™?M=;OM;>;MJ?FI=;FIL=IHMNCNO?G
    OGJLI<F?G;?GJIN?H=C;F

    (5(/2(0+1'((0'74$0&(
    .BCQCKNCLFM​GBC?JL?Q?RGTGB?BCQBC,5+<9(5*,CK?K@GCLRCQOSCLRCQPCOSCP?AJGK?RGX?ŽMNPTG? FGBP?R?ŽM?BCOS?B?C
    AMLBGAGML?KCLRM D”QGAM $K SK CQRSBM GLRCPCQQ?LRC PC?​JG​X?BM NMP ,A"?LL C B?KQ  M BCQCKNCLFM BC ,5+<9(5*, LM
    A?JMPDMGAMLQGQRCLRCKCLRCAMLQR?R?BMKCLMP AMLDMPKCNPCTGQRMNCJ?D5=@5B1DEB17<?21<452E<2?w=94?-*BC
    ?AMPBM AMK ?Q BGPCRPGXCQ B? -?RGML?J "MJJCEG?RC RFJCRGA QQMAG?RGML 1CJ?CQ JGLC?PCQ GKNMPR?LRCQ BM NMLRM BC TGQR?
    CQR?R”QRGAMCLRPCMQCTCLRMQBCAMPPGB?AMKM@QRŠASJMQBCKCKDMP?KM@QCPT?B?Q0, KCBGB?OSCMA?JMP
    ?SKCLR?T? MQRCKNMQQCRMPL?T?KK?GQJCLRMQ @CKAMKMOS?LBMMQPCQSJR?BMQBCK K KC
    KDMP?K?QQMAG?BMQ$LRPCR?LRM FMSTCCVACCQGL​BG​TG​BS?GQC?PCJ?ŽMJGLC?PCLRPC?6!&3CMBCQCKNCLFML?AMPPGB?
    BCBGQR‹LAG?LŽMDMGM@QCPT?B?CKRMBMQMQCTCLRMQBCAMPPGB?.K?GQGKNMPR?LRCDMGOSC??BCQŽMQBGPCRPGXCQB?6!&3
    M@RCTCQSACQQML?NPMRCŽMAMLRP??Q?DCACQMA?QGML?B?QNCJMA?JMPBSP?LRC?QAMKNCRGCQ

    (5(/2(0+1$0$(4e%,1
    $K@MP? NMSAMQ CTCLRMQ ?RJRGAMQ QCH?K AMKNJCR?KCLRC BCNCLBCLRCQ BM KCR?@MJGQKM ?L?CP™@GM  KSGR?Q ?RGTGB?BCQ BC
    ASPR?BSP?ŽMBMRGNM:7905;BCNCLBCKDMPRCKCLRCBM 3/NPMBSXGBMNCJ?TG??L?CP™@G?"MLRSBM KCQKMLCQQCQCTCLRMQ
    BC:7905; ?AMLRPG@SGŽMBM 3/NPMBSXGBMNMPTG??L?CP™@G?CLDP?OSCACBCK?LCGP?EP?B?RGT?AMKMNPMJMLE?KCLRMB?
    BSP?ŽMBMCTCLRM CVNMQGŽMJGKGR?B??MA?JMPBSP?LRCBCQCKNCLFMQ?L?CP™@GMQK?GQASPRMQ AMKM?QAMPPGB?QBCK
    ?K NMBCLŽMGKNCBGPMBCQCKNCLFM NMPK CKCTCLRMQK?GQJMLEMQ AMKM?AMPPGB?BCK ?QRCKNCP?RSP?Q
    ?K@GCLR?GQ CJCT?B?Q  BC D?RM  PCQRPGLECK M BCQCKNCLFM QQGK  M GKN?ARM B? CVNMQGŽM ?M A?JMP QM@PC OS?JOSCP
    BCQCKNCLFM?L?CP™@GMCQRŠPCJ?AGML?BMR?LRMAMK?BSP?ŽMBMCTCLRMOS?LRMAMK?CVRCLQŽMBCRCKNML?OS?JM?RJCR?
    CVNMQRM ?M A?JMP .Q ?RJCR?Q OSC NP?RGA?K QCQQCQ BC AMLBGAGML?KCLRM AMK CVNMQGŽM AMLQR?LRC ?M A?JMP C CQDMPMQ
    PCNCRGBMQ BC ?JR? GLRCLQGB?BC QMDPCK MQ KCQKMQ BCAPCKCLRMQ CK TCJMAGB?BC AMK M A?JMP OSC MQ ?RJCR?Q BMQ CTCLRMQ BC
    ,5+<9(5*, JK BGQQM  ? QSQACRG@GJGB?BC Q ?DCACQ A?SQ?B?Q NCJM A?JMP R?K@K CQRŠ NPCQCLRC #CQQC KMBM  BSP?LRC ?
    AMKNCRGŽM  KRMBMQ BC PCQDPG?KCLRM  FGBP?R?ŽM C CVNMQGŽM JGKGR?B? ?M A?JMP DMPK?K ? @?QC N?P? M QSACQQM LMQ
    BCQCKNCLFMQ?L?CP™@GMQ

    14_$
    QQGKAMKM?DSLŽM?L?CP™@G? MQCDCGRMQNPCHSBGAG?GQBMA?JMPQM@PCMBCQCKNCLFMBCDMP?BCNCLBCKB?CVRCLQŽMB?
    CVNMQGŽM?MA?JMPCB?BSP?ŽMBMRP?@?JFM)SBCJQML,;(3M@QCPT?P?KOSC?B?QFGNM FGBP?R?CQPCQSJR?LRCQB?
    CVNMQGŽM?MA?JMPPCBSXGP?K?DMP? NMR‘LAG?CPCQGQR‘LAG?​KSQASJ?PCKACPA?BC C PCQNCARGT?KCLRC$QQCQ
    ?AF?BMQBCKMLQRP?P?KOSCMEP?SBCFGNM FGBP?R?ŽMAMKDPC​OS‘LAG??NPCQCLR?BMBSP?LRCMCVCPA”AGMCKRCKNCP?RSP?Q
    CJCT?B?Q NPCHSBGA? QGELG¤A?RGT?KCLRC ? A?N?AGB?BC DSLAGML?J h SQASJ?P $QQC CDCGRM RMPL? QC NGMP AMK M ?SKCLRM BMQ
    CQDMPMQ BMQTMJSKCQBCRPCGL?KCLRMCBMRCKNME?QRMLMA?JMP!MVC 

    ! 

    42A24:525656C62​=:​J2C2E:G:5256D6>2>3:6?E6BF6?E6xF>56D2L@>F=E:G2 `:s
    d6=BF66?G@=G62?646DD:52565624=:>2E:J2wv@
    ACxG:29:5C2E2wv@256BF25264@?5:4:@?2>6?E@7{D:4@
    %42=@CAC6;F5:42@56D6>A6?9@26C3:@
    %:>A24E@5@4=:>2BF6?E6D@3C6@56D6>A6?9@2?26C3:@6DEsC6=24:@?25@4@>@E6>A@566IA@D:wv@2@42=@C5FC2wv@5@6G6?E@
    6?{G6=569:5C2E2wv@5@2E=6E2
    % 56D6>A6?9@ 56  &#  56 2=E2 :?E6?D:5256 A@Ey?4:2 6 7@Cw2 ?@ 42=@C 56A6?56> 5@ E6>A@ 56 6IA@D:wv@ 6 5@ 6DE25@ 56
    9:5C2E2wv@

    ,4& ;
    6<-:5)dc716,=B1,)8-47+)47:
    ?E7<1C 1C1&8*)#
    96-,::69
    <4(5,9-694(5*,()69(;69@
    ,7(9;4,5;6-05,:0636.@
    "50=,9:0;@6-655,*;0*<;
    ;699:!

    (($SK?AMLBGŽMNMRCLAG?JKCLRCD?R?J OSCMAMPPCAMKK?GQDPC​OS‘L​AG?OS?LBMMQ?RJCR?QNP?RGA?KCVCPA”AGMQ
    GLRCLQMQQM@AMLBGCQBCA?JMP MJMLEMBMQ?LMQCKOSCTCLFMRP?R?LBM?RJCR?QAMK(($ AMLBSXGLBMNCQOSGQ?Q
    PCJ?AGML?B?QCPCTGQ?LBMBMASKCLRMQJCE?GQPCJ?RGTMQ?A?QMQBCQQ?AMLBGŽM CLAMLRPCGKSGR?AMLQGQR‘LAG?L?QA?SQ?Q
    BMNPM@JCK?CCPPMQAMKSLQBCPCAMLFCAGKCLRMCRP?R?KCLRM
    0S?LBM?(($QCK?LGDCQR?LMACLŠPGMNPŠRGAM BGTCPQMQD?RMPCQCQRŽMAMKSKCLRCNPCQCLRCQ GLAJSQGTCMQQCESGLRCQ
     0S?QCQCKNPCMAMPPCLMQRP‘QNPGKCGPMQBG?QBCRPCGL?KCLRM
     ,SGR?QTCXCQ M?RJCR?RP?@?JF?CKGLRCLQGB?BC?JKB?QS?A?N?AGB?BCYLMPK?J^
     $KECP?J M?RJCR?CQRŠSQ?LBMPMSN?Q?JKBC:/69;CA?KGQCR??NCL?Q
     RCLB‘LAG?BCOSCM?RJCR?LŽMCQRCH?KSGRM@CKAMLBGAGML?BM
     QCQQŽMBCAMLBGAGML?KCLRMRPCGL?KCLRMLŽMDMGNJ?LCH?B?AMKASGB?BMCKRCPKMQBCGLRCPT?JMQBCPCNMSQM
    BSP?ŽMCLCACQQGB?BCQBCFGBP?R?ŽM
     .NPMEP?K?BM?RJCR?LŽMDMGEP?B?RGTMOS?LRMOS?LRGB?BCCBSP?ŽMBMRPCGL?KCLRM SQMBCCOSGN?KCLRMQ
    CRAKSGRMQCQR?BMQSRGJGX?KCQQCQNPMEP?K?QN?P?CQNMPRCQCQAMJ?PCQC?-" N?P?MDSRC@MJ?KCPGA?LM 
     .?RJCR?LŽMDMGQS@KCRGBM?AJGK?RGX?ŽMMSMDMG?NCL?QBCK?LCGP?N?PAG?J
     -ŽMP?PM M?RJCR?RCLR?GKNPCQQGML?PMQRALGAMQ AMJCE?QBCCOSGNC N?GQC?QGNP™NPGM
     ,SGR?QTCXCQ ?COSGNCKBGA?LŽMCQRŠNPCQCLRC
     /MJ”RGA?CNPMACBGKCLRMQAMKD?JF?QPCJ?AGML?B?QAMK?(($
     .AMLFCAGKCLRMBMQRPCGL?BMPCQ N?GQC?RJCR?QBCQ?RS?​JGX?BMMSLŽMCVGQRC
    0S?LBM?(($MAMPPCL?AMPPGB?BCCQRP?B?RPG?RJM KSGR?QTCXCQRCK?JESK?QA?P?ARCP”QRGA?QAMKSLQ AMKM
     .?RJCR?RCLR??JA?L?PSK?KCR?NCV OS?JG¤A?P QCN?P?!MQRML KCJFMPGL_ GqG_ S?J CQCCQDMP?LMQžJRGKMQ
    OSGJšKCRPMQ
     .?RJCR?LŽMQCNPMEP?K?BCK?LCGP??NPMNPG?B?N?P?MAJGK? QCH?AMKPMSN?QCVACQQGT?QN?P?MAJGK?DPGMMS
    GL?BCOS?B?KCLRC?AJGK?RGX?BMN?P??AMKNCRGŽMCKAJGK?OSCLRC
     sQTCXCQ M?RJCR??NPCQCLR?BMCL​?OSCA?SQ?DC@PC@?GV??LRCQBMAMKCMB?AMPPGB?
     .?RJCR?PCAC@CS LM¤L?J M?AMKN?LF?KCLRMLMPGRKMDCGRMNMPSK?NCQQM?BCQA?LQ?B? OSCLŽMN?PRGAGNMS
    BMCTCLRMRMBM
     .?RJCR?LŽMRCKSK?CQRP?REG?BCFGBP?R?ŽM@CKCLQ?G?B?
    0S?LBM M NPM@JCK?  M PCAMLFCAGKCLRM C RP?R?KCLRM B? (($  AMK DPC​OS‘LAG? PCBSX QC ? BS?Q OSCQRCQ
    NPGKCGP?  ? D?JR? B? ?T?JG?ŽM PŠNGB? C NPCAGQ? B? RCKNCP?RSP? ACLRP?J BM AMPNM C B? DSLŽM B? N?PRC ACLRP?J BM
    QGQRCK?LCPTMQM QCESLB??BCKMP?LMPCQDPG?KCLRMGLRCLQMCKOSCM?RJCR??EPCQQGT?KCLRCPCQDPG?BM%MP?BM
    J?@MP?R™PGM ??T?JG?ŽMB?RCKNCP?RSP?PCR?J?žLGA?K?LCGP?BC?T?JG?PAMKNPCAGQŽM?RCKNCP?RSP?BMAMPNM
    BCKMP?L?TCPG¤A?ŽMB?RCKNCP?RSP?CV?R?MSMSQMBCSKKMBMBC?T?JG?ŽMBCRCKNCP?RSP?GLTŠJGBMN?P??RJCR?Q
    OSCNP?RGA?KCVCPA”AGMQGLRCLQMQLMA?JMPR‘KAMLQC​OS‘LAG?QD?R?GQ.NPMACQQMBCPCQDPG?KCLRMBM?RJCR?AMK(($
    NPCAGQ?AMKC?PMK?GQPŠNGBMNMQQ”TCJ.QNPM@JCK?QQSPECKOS?LBMMPCQDPG?KCLRMPCR?PB?BMBCTGBMD?JR?BC
    PCAMLFCAGKCLRMMSBCNPCN?P?ŽM?BCOS?B?PCJ?AGML?B?QCVGQR‘LAG?B?QKMB?JGB?BCQBCPCQDPG?KCLRMLMJMA?J MS
    M KMBM BC PCQDPG?KCLRM CKNPCE?BM MDCPCAC R?V?Q BC PCQDPG?KCLRM KCLMPCQ N CV  @MJQ?Q BC ECJM L?Q ?PRPG?Q
    NCPGDPGA?Q  GKCPQŽMCKŠES?ECJ?B?C??NJGA?ŽM?JRCPL?B?BCRM?JF?QKMJF?B?QAMKECJMCKRMBMMAMPNMBM
    N?AGCLRCNMQQG@GJGR?K@M?QR?V?QBCPCQDPG?KCLRMCNMBCKK?VGKGX?P?QAF?LACQBCQM@PCTGB?

    "MLQSJRC"?Q?#)  LBCPQML),  PKQRPMLE+$,;(32SPTGT?JQRP?RCEW?ASRCRPC?RKCLRMDCVCPRGML?JFC?RQRPMIC)2RPCLERF


    "MLB1CQ 

    DEC2Ex8:2D56AC6G6?wv@
    /?P?CTGR?PBCAJ”LGMQLMBCQCKNCLFMNPMTMA?BMQNCJMA?JMP MQ?RJCR?QBCTCKSQ?PCQRP?REG?QBCNPCTCLŽM?NPMNPG?B?Q ?Q
    OS?GQGLAJSCK?AJGK?ŽMC?AJGK?RGX?ŽM?MJMLEMBMRCKNMCFGBP?R?ŽM?BCOS?B??LRCQBMCVCPA”AGM

    &.,/$_^1 &.,/$6,:$_^1
     ?B?NR?ŽM ¤QGMJ™EGA? GLBSXGB? ?PRG¤AG?JKCLRC ? SK B?BM ?K@GCLRC  AF?K?B? BC 13<9=1kj? /MP CVCKNJM  CJCT?P ?
    RCKNCP?RSP?BMEGLŠQGMMLBCRPCGL??COSGNCBCDSRC@MJ?KCPGA?LML?4LGTCPQGRWMD,GLLCQMR?CKBCXCK@PMN?P?NPCN?P?P
    MQ?RJCR?QN?P?SKHMEMCK,G?KGNPMKMTC??AJGK?R?ŽMBMQHME?BMPCQ?MA?JMP"MLRP?PG?KCLRC MRPCGLMBMQKCQKMQ
    HME?BMPCQLM?K@GCLRCCVRCPLMOSCLRCL?RSP?JL?4LGTCPQGRWMD,GQQGQQGNNGPCQSJR?L?13<9=1D9J1kj?LCACQQŠPG?N?P?MHMEM
    CK,G?KG Y?AJGK?ŽM^MAMPPCLM?K@GCLRC?PRG¤AG?JC?Y?AJGK?RGX?ŽM^ LM?K@GCLRCL?RSP?J

    74516(/214$.'$5$'$26$_g(5
    ?AJGK?RGX?ŽMMS?AJGK?ŽM?MA?JMPSKNPMACQQMCKOSCBGDCPCLRCQQGQRCK?Q¤QGMJ™EGAMQQC?B?NR?KCKR?V?QT?PG?B?Q
    JKBGQQM SKNPMACQQMRP?LQGR™PGMC NMPR?LRM ?NCQQM??AJGK?RGX?B?NMBCNCPBCP??AJGK?RGX?ŽMQCCTGR?PMA?JMPNMP
    QCK?L?QCg?K‘Q /MPCVCKNJM SKAMPPCBMPNMBCCQR?P?AJGK?RGX?BM?MAMPPCPLMA?JMPCL?SKGB?BCBC6GQAMLQGL
    LMQKCQCQBCTCPŽM K?QRCPG?OSCN?QQ?PNMPLMT??AJGK?RGX?ŽMMS?AJGK?ŽMN?P??AMPPGB?BCIKLMA?JMPCSKGB?BC
    BC K?PM B? 3?GJ‹LBG?  ?AJGK?RGX?ŽM ?M A?JMP NMBC JCT?P  BG?Q BG?LRC  BGQASRGKMQ ?JESLQ BMQ NPGLAGN?GQ ?HSQRCQ
    PCJ?RGTMQ?AJGK?RGX?ŽM?MA?JMP
    Q NPGKCGP?Q ?B?NR?CQ MAMPPCK CLRPC M M C M M BG?  CLTMJTCLBM KCJFMP? B? PCESJ?ŽM C BM AMLRPMJC BM QGQRCK?
    AGPASJ?R™PGM(QQMGLAJSGCVN?LQŽMBMTMJSKCNJ?QKŠRGAM PCBSŽMB?DPC​OS‘LAG?A?PB”?​A?CKSK?R?V?BCRP?@?JFMCQNCA”¤A?
    C ?NPGKMP?KCLRM B? BGTGQŽM ?SRšLMK? BM QGQRCK? LCPTMQM N?P? ?HSB?P ? PCBGQRPG@SGP M ¥SVM Q?LES”i CM N?P? MQ JCGRMQ
    A?NGJ?PCQL?​KSQASJ?RSP??RGT?
    $LRPC M M C M M BG?  ? PCESJ?ŽM APSAG?J B? RCKNCP?RSP? BM AMPNM CQRŠ KCJFMP  M OSC  TGR?J N?P? NPMRCEC JM
    N?PAG?JKCLRC AMLRP? ? FGNCPRCPKG? JCR?J 1CQNMQR?Q BGDCPCLRCQ NMBCK MAMPPCP  BCNCLBCLBM BM RGNM BC ?K@GCLRC LM OS?J
    RCTCJSE?PMNPMACBGKCLRMBC?AJGK?RGX?ŽMOSCLRCCžKGBM=,9:<:OSCLRCCQCAM Q?B?NR?CQGLAJSCK?SKCLRMB?R?V?
    BC QSBMPCQC  GL”AGM B? QSBMPCQC CK CJCT?CQ KCLMPCQ BC RCKNCP?RSP? AMPNMP?J C ?B?NR?CQ B?Q EJ‹LBSJ?Q QSBMP”DCP?Q
    QSMPK?GQBGJS”​BM BC?AMPBMAMKM?K@GCLRC
    -MGLRCPT?JMCLRPCMMCMMBG? ?AMLQCPT?ŽMBCAJMPCRMBCQ™BGM-?"J MAMPPCBSP?LRC??AJGK?RGX?ŽM?MA?JMP Q
    NCPB?QBC-?"JLMQSMPCL?SPGL?BGKGLSCK MOSCNMQQG@GJGR??K?LSRCLŽMBMTMJSKCCVRP?ACJSJ?PBCJ”OSGBM
    /MPTMJR?BMMBG? ?K?GMPG?B?Q?JRCP?CQCQRŠAMKNJCR? GLAJSGLBM

    #GKGLSGŽMB?RCKNCP?RSP?ACLRP?JLMGL”AGMB?QSBMPCQC
    SKCLRMB?CJGKGL?ŽMBCA?JMPNMPKCGMBCP?BG?ŽMCAMLTCAŽM¥SVMBCQ?LESCN?P??NCJC
    $JCT?ŽMBMTMJSKCNJ?QKŠRGAM
    1CBSŽMB?DPC​OS‘LAG?A?PB”?​A?CKA?PE?BCRP?@?JFMCQNCA”¤A?
    #GKGLSGŽMB?RCKNCP?RSP?ACLRP?JBMAMPNM
    1CBSŽMB?RCKNCP?RSP?B?NCJC
    0SCB?LMAMLQSKMBCMVGE‘LGMCKSK?B?B?A?PE?BCRP?@?JFM
    ,CJFMP?B?CAMLMKG??MCVCPA”AGM

    ! 

    24=:>2E:J2wv@x@AC@46DD@A6=@BF2=@4@CA@9F>2?@D6252AE2uD>F52?w2D?2EFC2:D5@4=:>2
    24=:>2wv@FD24=:>22CE:L4:2=>6?E6D:>F=25@A2C2AC@>@G6C252AE2w‚6D
    24=:>2E:J2wv@2@42=@CA@56=6G2C 5:2D65FC2C46C4256 5:2D
    DF5@C6D64@?EC:3F:A2C2256D:5C2E2wv@4@?7@C>6@4@CA@A6C56s8F2

    ,'4$6$_^1
     QSBMPCQC AMLRPG@SG N?P? M PCQDPG?KCLRM CT?NMP?RGTM BM AMPNM  M OS?J NPMKMTC ? NCPB? BC A?JMP $LRPCR?LRM  R?K@K
    AMJ?@MP? N?P? ? BCQGBP?R?ŽM AMLDMPKC M AMPNM T?G NCPBCLBM ŠES? ,SGRMQ ?RJCR?Q PMLB?K M CQR?BM BC FGNM FGBP?R?ŽM
    NMGQMAMLQSKMBCŠES?LŽMM​GBC?J(QQMMQBCGV?K?GQQSQACR”TCGQ?MCQRPCQQCMA?QGML?BMNCJMA?JMP NMGQ?HŠNCOSCL?
    NCPB?BCK?QQ?AMPNMP?JBCPCQSJR?CKCJCT?ŽMB?RCKNCP?RSP?ACLRP?JBSP?LRCMCVCPA”AGM/MPR?LRM ?FGBP?R?ŽM
    ?LRCQBMCVCPA”AGMGKNMPR?LRCN?P??QPCQNMQR?Q​GBC?GQQBCK?LB?Q¤QGMJ™EGA?Q CKCQNCAG?JLM?K@GCLRCOSCLRC"?Q?,;
    (3DMPLCACP?KBGPCRPGXCQ?@P?LECLRCQN?P??QRALGA?QCNPŠRGA?QBCFGBP?R?ŽM?BCOS?B?QGKNMPR?LRCQN?P?CJGKGL?PMS
    ?KCLGX?PMQBCQ?¤MQBCQCCVCPAGR?PCK?K@GCLRCQOSCLRCQTCPR?K@K"?N”RSJMC!MVC 

    BCA4BB4>20B8>=03>?4;>5A8>

    -?MSRP?NMLR?BMCQNCARPMB?RCKNCP?RSP? MQ?RJCR?QR?K@KCLDPCLR?KMQBCQ?¤MQ¤QGMJ™EGAMQBCAMPPCLRCQB?NPŠRGA?BM
    CVCPA”AGMCK?K@GCLRCQDPGMQ$QOSGCKBCQAGB?JGTPCC*96::*6<5;9@ :56>)6(9+ )(*27(*205. RPCL™KMRMPGX?BM :56>:/6,05.C
    N?RGL?ŽM LM ECJM QŽM ?JESK?Q B?Q ?RGTGB?BCQ 6<;+669 K?GQ NMNSJ?PCQ NP?RGA?B?Q LM DPGM s KCBGB? OSC ? RCKNCP?RSP?
    CVRCPL? A?G  TŠPGMQ KCA?LGQKMQ RCPKMPPCESJ?BMPCQ ¤QGMJ™EGAMQ QC BCBGA?K ? AMLQCPT?P ? RCKNCP?RSP? AMPNMP?J GLRCPL?
    $K@MP? MQ KCA?LGQKMQ ¤QGMJ™EGAMQ NMQQ?K AMKC?P MQ NPMACQQMQ BC ?HSQRC N?P? ?HSB?P ? K?LRCP M AMPNM ?OSCAGBM
    NPMRCCQCPMSN?Q?NPMNPG?B?QQŽM L?K?GMPG?B?QTCXCQ LCACQQŠPG?QN?P?CLDPCLR?PMQBCQ?¤MQB?Q@?GV?QRCKNCP?RSP?Q Q
    PMSN?Q QŽM SK D?RMP BC NPMRCŽM TGR?J OS?LBM QC AMKNCRC MS QC BGTCPRC LM AJGK? DPGM  CVNMQGŽM ?M DPGM BC N?PRCQ BM
    AMPNM QCK NPMRCŽM MS GL?BCOS?B?KCLRC NPMRCEGB?Q NMBC CVCPACP CDCGRMQ NPCHSBGAG?GQ QM@PC M BCQCKNCLFM KSGRM ?LRCQ
    OSC?JCQŽMA?SQ?B?NCJMDPGMQCH?SK??KC?​?!MVC 
    /?P?BMV?JKCLRC CKTGPRSBCB?NPMBSŽMBCA?JMPKCR?@™JGAMCBMSQMBCKSGR?QA?K?B?QBCPMSN?QBCNPMRCŽMKSGRM
    C¤A?XCQ NMQQ”TCJOSC?DCACQMA?QGML?B?QNCJMA?JMPMAMPP?KLM?K@GCLRCDPGM QPMSN?QBCNPMRCŽMNMBCKAPG?PSK
    KGAPMAJGK?KSGRMBGDCPCLRCN?P?MAMPNM

    ,4&
    75787;;75-)+415)<1B):)7.:17
    $K RMBMQ MQ RPCGLMQ C HMEMQ PC?​JG​X?BMQ ?R ?EMP? BSP?LRC M ?LM  KCS RGKC BC F™OSCG CQAMJ?P BC ,?GLC TCK
    SRGJGX?LBMSK??PCL?BCECJM05+669 MLBC?RCKNCP?RSP?K?LRGB??NCL?QKMBCP?B?KCLRCDPG? GQRM j?j"
    "MLRSBM CKQCK?L?Q T?KMQAMKNCRGPCKSKRMPLCGM?QCPPC?​JG​X?BMCKSK??PCL?6<;+669LMGRC OS?LBMQC
    CQNCP?OSC?RCKNCP?RSP??K@GCLRC?RGLH?Zj?Zj"$VGQRC?JESK?AMGQ?OSCCSNMQQ?D?XCPN?P?RCLR?P?B?NR?P
    KCSAMPNM?MDPGMCKNPCN?P?ŽMN?P?CQQCCTCLRM6<;+669BCF™OSCG
    /?PCAC OSC  BGDCPCLRCKCLRC B?Q RCKNCP?RSP?Q CJCT?B?Q  M AMPNM  QS@KCRGBM ? NMSA?Q ?B?NR?CQ ¤QGMJ™EGA?Q
    OS?LBM CVNMQRM ? @?GV?Q RCKNCP?RSP?Q GLB? ?QQGK  ?Q RCKNCP?RSP?Q DPG?Q NMBCK A?SQ?P GKN?ARMQ LCE?RGTMQ LM
    BCQCKNCLFM?RJRGAM CKCQNCAG?JBSP?LRCMQDMPRCQCQDMPMQBC:7905; AMKM?OSCJCQOSCMAMPPCKBSP?LRCMF™OSCG
    LMECJM KCJFMPAMGQ??QCPDCGR?N?P?K?LRCPMBCQCKNCLFM​GBC?JBSP?LRC?CVNMQGŽM?MDPGMNPMRCECPMAMPNM
    SQ?LBM PMSN?Q ?NPMNPG?B?Q C @SQA?LBM ?@PGEMQ K?GQ OSCLRCQ QCKNPC OSC NMQQ”TCJ +MEM  TCQRGP PMSN?Q RPKGA?Q C
    CLRP?PCKY?@PGEMQ?OSCAGBMQ^LMQGLRCPT?JMQBMHMEM?KCJFMPK?LCGP?BCJGB?PAMKMDPGM KCJFMPOSCRCLR?PQC
    ?B?NR?P?CJC MKCQKMRCKNM BCTC QCR?K@KRCPASGB?BMAMKMSQMBCPMSN?QCVACQQGT?Q OSCNMBCPCQSJR?PCK
    QSNCP?OSCAGKCLRM CKN?P​RGASJ?PAMLDMPKCMHMEMT?G?T?L?LBMCCLRPCMQHME?BMPCQKSGRM?RGTMQ ASH??RGTGB?BC​
    KSQASJ?PGLRCLQ?NPMBSXKSGRMA?JMPCMCVACQQMNPCAGQ?QCPBGQQGN?BM

    +6C>@CC68F=2wv@MD:@=8:42?@7C:@
    QPCQNMQR?Q¤QGMJ™EGA?Q?MQBCQ?¤MQB?CVNMQGŽM?MDPGMCLTMJTCKKSGRMQKCA?LGQKMQBGDCPCLRCQ.QPCACNRMPCQBCDPGM
    BM AMPNM KMLGRMP?K ? ?JRCP?ŽM C ? R?V? BC BGKGLSGŽM B? RCKNCP?RSP? C QGL?JGX?K N?P? OSC SK? T?PGCB?BC BC ?CQ
    BGQRGLR?QQCK?LGDCQRC.QPCACNRMPCQBCDPGMQŽMCLAMLRP?BMQCKOS?LRGB?BCKCLMPBMOSCMQBCA?JMPCCQRŽMJMA?JGX?BMQ
    L?NCJC ™PEŽMQ?@BMKGL?GQCKCBSJ?CQNGL?J
    . AMPNM GLGAG? QS? BCDCQ? NCJM A?JMP AMPNMP?J NMP KCGM BC ?JESLQ ?HSQRCQ A?PBGMT?QASJ?PCQ  AMKC?LBM NCJ?
    T?QMAMLQRPGŽMBCT?QMQQSNCP¤AG?GQNCPGDPGAMQRGNGA?KCLRCSQ?BMQN?P?BGQQGN?PA?JMP QSBMPCQCR?K@KGL?RGT?B?N?P?
    GKNCBGP?NCPB?BCA?JMPCT?NMP?RGT?.QPCACNRMPCQCLTG?KQGL?GQ?MRCPKMQR?RMBMAMPNM MFGNMRŠJ?KM N?P?CQRGKSJ?P?
    JG@CP?ŽMBCFMPKšLGMJG@CP?BMPBCRGPCMRPMNGL? MOS?J NMPQS?TCX CQRGKSJ??EJ‹LBSJ?RGPCMGBC?JG@CP?P3C3 OSC
    PCESJ?KMKCR?@MJGQKM PCQSJR?LBMCKNPMBSŽMBCA?JMP JKBGQQM QGL?GQGLRCEP?BMQBMFGNMRŠJ?KMCQRGKSJ?KMA™PRCV
    KMRMP??RGT?PMRPCKMPBMQ​KžQASJMQCQOSCJRGAMQN?P?NPMBSXGPA?JMP
    JK BM K?GQ  M QGQRCK? LCPTMQM QGKNŠRGAM CQRGKSJ? ? KCBSJ? B? EJ‹LBSJ? QSNP?PPCL?J ? QCAPCR?P ?BPCL?JGL?  ? ¤K BC
    GLRCLQG¤A?P M KCR?@MJGQKM  C LMP?BPCL?JGL? N?P? ?ACLoS?P ? T?QMAMLQRPGŽM BMQ T?QMQ Q?LES”i CMQ NCPGDPGAMQ .SRP?
    KSB?L?  ? NGJMCPCŽM CQRGKSJ?ŽM QGKNŠRGA? BMQ DMJ”ASJMQ A?NGJ?PCQ MA?QGML?LBM ? CPCŽM BMQ NCJMQ  OSC DMPLCAC
    GQMJ?KCLRM CLRPCR?LRM  CQQ? ?B?NR?ŽM  K?GQ CDCRGT? CK ?LGK?GQ BM OSC CK QCPCQ FSK?LMQ /MP ¤K  M ¥SVM BC Q?LESC
    N?P? M QGQRCK? ​KSQASJMCQOSCJRGAM R?K@K BGKGLSG  ? LŽM QCP OSC PCQNMQR?Q AMKNMPR?KCLR?GQ TMJSLRŠPG?Q ?SKCLRCK ?
    ?RGTGB?BC ​KSQASJ?P N?P? NPMBSXGP A?JMP .SRP?Q PCQNMQR?Q AMKNMPR?KCLR?GQ ?M DPGM QŽM M CLPMJ?KCLRM BM AMPNM N?P?
    NPCQCPT?PMA?JMPACLRP?J @SQA?P?@PGEMMSDMLRCQBCA?JMPNCV D?XCPDMEM AMKCPMSTCQRGPK?GQA?K?B?QBCPMSN?Q
    %GESP?MDCPCACSK?TGQŽMECP?JB?QNPGLAGN?GQPCQNMQR?Q¤QGMJ™EGA?Q?MDPGM JKBGQQM NMQQ”TCJTCPNCJ?9C?D5B=1
    L?%GESP?! AMKM?Q¥SRS?CQL?RCKNCP?RSP?AMPNMP?JCQRŽMPCJ?AGML?B?QAMK?NPMRCŽMBMQ™PEŽMQACLRP?GQC?
    N?PRCACLRP?JBMQGQRCK?LCPTMQM MOSCTGR?JN?P??QM@PCTGT‘LAG?
     CVNMQGŽM ?M DPGM NMBC ?AMLRCACP CK GLžKCP?Q QGRS?CQ  KCQKM OS?LBM QC CQRŠ @CK ?E?Q?JF?BM %GESP?  
    89@?D5B=91  SK? AMLBGŽM CK OSC ? RCKNCP?RSP? AMPNMP?J BGKGLSG ? NMLRM BC NPCHSBGA?P MS GKNMQQG@GJGR?P ? DSLŽM
    ¤QGMJ™EGA?LMPK?J+CK@PC QCBCOSC?RCKNCP?RSP?ACLRP?JLMPK?JBMQQCPCQFSK?LMQEGP?CKRMPLMBCj"
    FGNMRCPKG?DMGBCQAPGR?CKRP‘QCQRŠEGMQBGDCPCLRCQBSP?LRCMQOS?GQMQQGQRCK?Q¤QGMJ™EGAMQBMAMPNMQŽMBCQ?¤?BMQ?
    AMLQCPT?P ? RCKNCP?RSP? ACLRP?J LMPK?J . CQRŠEGM  MAMPPC OS?LBM ? RCKNCP?RSP? A?G j MS j" ?@?GVM BM PCESJ?P C
    PCNPCQCLR? M BCQ?¤M GLGAG?J  DSLŽM AMPNMP?J  GLAJSGLBM NCPB? B? A?N?AGB?BC KMRMP? AMKNJCV? C PCQNGP?ŽM PŠNGB? C
    QSNCP¤AG?J . CQRŠEGM  QC ?NPCQCLR? OS?LBM ? RCKNCP?RSP? AMPNMP?J SQS?J BGKGLSG  ? j" ?@?GVM B? LMPK?JGB?BC C ?
    DSLŽMLCSPM​KSQASJ?PLMPK?J?DCR?B?NCJ?BGKGLSGŽMB?QTCJMAGB?BCQBCAMLBSŽMLCPTMQ?CNCJ?QPCQRPGCQBC¥SVM
    Q?LES”​LCM.CQRŠEGMQCBCQCLTMJTCOS?LBM?RCKNCP?RSP?BMAMPNMA?GN?P??@?GVMBCj"CMQQGQRCK?Q¤QGMJ™EGAMQ
    AMKC?K?QCPGL?RGT?BMQBCK?LCGP?BP?KŠRGA? AMKM?DSLŽMKCR?@™JGA?CLCPTMQ?ACLRP?J MAMPPCK?LMK?JG?QA?PB”?​A?Q
    AMKMR?OSGA?PBG? D?J‘LAG?QMPE‹LGA?QC CTCLRS?JKCLRC KMPRCACPC@P?J2CLBM?QQGK ?FGNMRCPKG??NPGLAGN?J?KC?​?
    QM@PCTGT‘LAG?
    $K RCKNCP?RSP?Q GLDCPGMPCQ ?  j"  M AMPNM QC PCQDPG? K?GQ P?NGB?KCLRC NMPOSC M QGQRCK? BC PCESJ?ŽM B?
    RCKNCP?RSP?L?RSP?JKCBG?BMNCJMFGNMRŠJ?KMD?JF?CK?RCLBCPBCK?LCGP?CDCRGT??QBCK?LB?QBMCQRPCQQCA?SQ?BMNCJM
    DPGM BM ?K@GCLRC v GLRCPCQQ?LRC PCQQ?JR?P OSC HŠ CVGQRGP?K A?QMQ GKNPMTŠTCGQ CK OSC NCQQM?Q QM@PCTGTCP?K ? OSCB?Q BC
    RCKNCP?RSP?? j? j"CN?P?P?KBCPCQNGP?P

    )6DA@DE2D5@56D6>A6?9@2@7C:@
    #? NCPQNCARGT? NPŠRGA?  KSGRM ?LRCQ BCQQ?Q OSCB?Q BC RCKNCP?RSP? NMRCLAG?JKCLRC BP?KŠRGA?Q  ?Q NCQQM?Q ?NPCQCLR?K
    BCAJ”LGM B? ?RGTGB?BC LCSPM​KSQASJ?P ?NCL?Q AMK ? CVNMQGŽM  SKGB?BC C ?M DPGM LMPK?J CK CQNMPRCQ AMKNCRGRGTMQ C
    PCAPC?RGTMQ'MU?PB,;(3BCKMLQRP?P?KOSC OS?LBMFMKCLQGKCPEGP?K?QAMV?QCKŠES?ECJ?B??j"NMPKGL
    DMP?K M@QCPT?B?Q PCBSCQ LM NGAM BC RMPOSC GQMAGLRGAM  RP?@?JFM RMR?J C NMR‘LAG?  GLBGA?LBM OSC ?Q TCJMAGB?BCQ BC
    AMLBSŽMLCPTMQ?BCSLGB?BCQKMRMP?QBCJGKG?P?JRMQMDPCP?KPCR?PBM$KSKCQRSBMPCACLRCB?BMQLŽMNS@JGA?BMQ ?
    NPŠRGA?BC?RGTGB?BCQBC?OSCAGKCLRMKGRGE?P?KCQQ?QNCPB?QOS?LBMDMP?KPC?​JG​X?B?QGKCBG?R?KCLRC?N™Q?GKCPQŽMCK
    ŠES? ECJ?B? #CQQC KMBM  ? PC?​JG​X?ŽM BC ?RGTGB?BC D”QGA? BSP?LRC ? CVNMQGŽM ?M DPGM NMBC QCP CDCRGT? L? JGKGR?ŽM BMQ
    BCAJ”LGMQL?DSLŽMLCSPM​KSQASJ?PGLBSXGBMQNCJMDPGM
    (LRCPCQQ?LRCKCLRC MNP PCQDPG?KCLRMRCKQGBMSQ?BMN?P??NPGKMP?PMBCQCKNCLFMCQNMPRGTM?LRCQB?AMKNCRGŽMCK
    ?K@GCLRCQOSCLRCQ$QQ?CQRP?REG?DMGSRGJGX?B?NMPK?P?RMLGQR?QLMPRC ?KCPGA?LMQL?K?P?RML?BMQ)MEMQ.J”KNGAMQBC
    RCL?Q CCQQCQ?RJCR?QAMLQCESGP?KMRGKGX?PQCSQBCQCKNCLFMQAMKMNP PCQDPG?KCLRMC?SRGJGX?ŽMBMQNPGKCGPMQIK
    AMKM?OSCAGKCLRML?QAMLBGCQOSCLRCQB?AMPPGB?3SBMGQQMN?PCACK?GQCDCRGTMLMQCVCPA”AGMQQS@KŠVGKMQ LMQOS?GQ
    ?BSP?ŽMBMCTCLRMCB?QCLXGK?Q?L?CP™@G?QLŽMQŽMD?RMPCQJGKGR?LRCQ
    86DA0
     #420=8B<>B A4;028>=03>B 2>< 0B A4B?>BC0B JB8>;{6820B 0> 4BCA4BB4 >20B8>=03> ?4;> 5A8>  
    KO?>;>?N?GJ?L;NOL;ŒJLCG?CL;G?HN?J?L=?<C>;J?FIML?=?JNIL?M>?@LCIHI=ILJI
    IMKO;CM
    JILMO;P?T
    ?HPC;G
    MCH;CM;IBCJIN†F;GI ,BCJIN†F;GICHN?AL;??HPC;MCH;CMJ;L;=•LN?RGINIL?MCMN?G;H?LPIMIJ;L;CHN?HMCV=;L
    IMNL?GIL?M>IMCMN?G;​GOM=OFI?MKO?FŒNC=IMCMN?G;H?LPIMIMCGJ†NC=IJ;L;=;OM;LP;MI=IHMNLC‹ŠI>IMP;MIM
    =ON‡​H?IM??MNCGOF;L;G?>OF;>;AF‡H>OF;MOJL;LL?H;F;M?=L?N;L=;N?=IF;GCH;M?;>?HI BCJ•VM?J;L;?MNCGOF;L
    ;FC<?L;‹ŠI>?BILG–HCI>;NCL?IC>??AFC=I=ILNC=IC>?=IGII<D?NCPI>?;=?H​NO;L;JLI>O‹ŠI>??H?LAC;G?N;<•FC=;
    1I>;M?MM;M;‹™?M;DO>;GI=ILJI;CHN?HMCV=;L;JLI>O‹ŠI>?=;FILCHN?LHI M=;G;>;M>?N?=C>IM;FN?L;GMO;
    N?GJ?L;NOL;
     =IH@ILG? GIMNL;>I HI G;J; >; N?GJ?L;NOL; =ILJIL;F L?JL?M?HN;>; JIL OG; CMIN?LG; =ILJIL;F
     ?G
    >C@?L?HN?MN?GJ?L;NOL;M +;G?>C>;?GKO?;N?GJ?L;NOL;MI<?
    IMN?=C>IM=ILJIL;CM>CGCHO?G;N?GJ?L;NOL;>I
    =?HNLIJ;L;;J?LC@?LC;
    IH>?
    MI<=IH>C‹™?M@LC;M
    ;MN?GJ?L;NOL;M=ILJIL;CMM??F?P;G>;J?LC@?LC;J;L;I=?HNLI;
    VG>?JL?M?LP;LIM•LAŠIMPCN;CM?;@OH‹ŠI>;J;LN?=?HNL;F>IMCMN?G;H?LPIMI "MM?ŒIGINCPIJ?FIKO;FN?=C>IM
    J?LC@ŒLC=IM=IGI;J?F?MŠIG;CMM?HMP?CM‰MF?M™?M=;OM;>;MJ?FI@LCI
    86DA0
     <184=C4B 5A8>B 2><D=B => 4B?>AC4 &HšG?L;M =IH>C‹™?M ;G<C?HN;CM >CMNCHN;M JI>?G JLIGIP?L ;
    ?RJIMC‹ŠI;I@LCI>?>C@?L?HN?M@ILG;MH;M=IGJ?NC‹™?M?MJILNCP;M?L?=L?;NCP;M )IAI
    ?MNL;NŒAC;MJ;L;FC>;L=IG;
    ?RJIMC‹ŠI ;I @LCI JL?=CM;G M?L JIMN;M ?G JL†NC=; J;L; @ILH?=?L L?MJ;F>I ;IM G?=;HCMGIM VMCIF•AC=IM >I JL•JLCI
    =ILJI

    41'7_^1'()14_$
    NPMBSŽMBCDMP?​KSQASJ?PNMBCQMDPCPMQGKN?ARMQB?CVNMQGŽMAMPNMP?J??K@GCLRCQDPGMQ JRCP?CQLMN?BPŽMBC
    ?RGT?ŽM ​BMQ KžQASJMQ OS?BP”ACNQ DCKMP?GQ DMP?K M@QCPT?B?Q KCQKM OS?LBM CQQCQ ​KžQASJMQ DMP?K PCQDPG?BMQ AMK ECJM
    NMP?NCL?QRP‘QKGL JKBGQQM ?OSCB?L?NPMBSŽMBCDMP?B?​KSQASJ?RSP?NCPGDPGA?MAMPPCQCKOS?JOSCPCDCGRMBM
    PCQDPG?KCLRM L? RCKNCP?RSP? ACLRP?J BM AMPNM QQGK  ? CVNMQGŽM ?M DPGM B? NCJC PCNPCQCLR? SK? ?KC?​? NMRCLAG?J 
    A?N?AGB?BCBCBCQCKNCLFMLCSPM​KSQASJ?P3CK QCM@QCPT?BMOSC OS?LBM?QRCKNCP?RSP?Q?K@GCLR?GQQŽMGLDCPGMPCQMS
    GES?GQ?j"NMPNCJMKCLMQKGL NCPBC QCSK?OS?LRGB?BCQGELG¤A?RGT?BCA?JMPCFŠPCBSŽML?NPMBSŽMBCDMP?
    v GLRCPCQQ?LRC PCQQ?JR?P OSC ?Q ?CQ ​KSQASJ?​PCQ CVA‘LRPGA?Q NMBCK  BC D?RM  QCP K?GQ ?ACL​RS?B?Q L?Q RCKNCP?RSP?Q K?GQ
    DPG?QBCTGBMPGEGBCX?BGAGML?JBMQAMKNMLCLRCQBMQCJCKCLRMQCJŠQRGAMQBM​KžQASJM NCQ?PBGQQM OS?LBMSK​KžQASJM
    NPMDSLB?KCLRCPCQDPG?BM ?NPMBSŽMBCDMP?NMBCQCPKCLMPBCTGBMBCKMP?BMQGKNSJQMQCJRPGAMQAMLBSXGBMQNCJMQ
    LCSPšLGMQ KMRMPCQ ?QQMAG?BMQ  F5<?394145 45 3?>4Ekj? >5BF?C1  ? TCJMAGB?BC L? OS?J MQ GKNSJQMQ LCPTMQMQ
    NMRCLAG?GQBC?ŽM QŽMJCT?BMQ?MJMLEMBMQ?VšLGMQBMQLCSPšLGMQKMRMPCQOSC?RGT?K?Q¤@P?Q h SQASJ?mCQ0S?LBM?
    TCJMAGB?BCBCAMLBSŽMLCPTMQ?PCR?PB?B? FŠAMKNPMKCRGKCLRMBMYQMK?R™PGM^BMQGKNSJQMQLCPTMQMQOSCAFCE?K
    QSNCPD”AGC B?Q ¤@P?Q h SQASJ?mCQ C  AMK GQQM  BGKGLSG ? NPMBSŽM BC DMP? B?Q ¤@P?Q KpQASJ?P` Q GQQM  CQNCAG?JKCLRC
    TCPB?BCN?P??QSLGB?BCQKMRMP?QBCAMLRP?ŽMPŠNGB?4K?JCQŽMEP?TCNPTG?MA?QGML?B?NCJMDPGMR?K@KNMBCA?SQ?P
    GKN?ARMQM@PC?QTCJMAGB?BCQBCAMLBSŽMLCPTMQ? MOSCPC¥CRCMNMPl S‘BC?JESK?QNCQQM?QQCPCKK?GQQCLQ”TCGQ?MDPGM
    BMOSCMSRP?Q
    4K? GKCPQŽM ?ESB? CK ŠES? ECJ?B? j" NMP  KGL  GKGR?LBM ?Q CVNMQGCQ ?K@GCLR?GQ BC D?RM CLAMLRP?B?Q NCJMQ
    ?RJCR?QKMQRPMSBGKGLSGŽM?ACL​RS?B?B?NMR‘LAG? B?DPC​OS‘LAG?A?PB”?​A?L?A?PE?BCRP?@?JFMCQNCA”¤A?CBMRCKNM?RM
    NGAMBCNMR‘LAG?CKAGAJGQR?Q?JR?KCLRCRPCGL?BMQ,CQKMAMK?CVNMQGŽMKSGRM@PCTC?@?GV?QRCKNCP?RSP?Q ?K?GMPG?
    BMQBCQCKNCLFMQKŠVGKMQLCE?RGT?KCLRC?JRCP?B?CKAMLHSLRMAMKMQBCAJ”LGMQAMLAMKGR?LRCQB?DSLŽM¤QGMJ™EGA?

    (5(/2(0+1&$4',18$5&7.$4('((0'74$0&(
    MAMLRPŠPGMB?DSLŽM​KSQASJ?P MQAMLQSKMQBCMVGE‘LGMKŠVGKMCQS@KŠVGKMLŽMQŽM?DCR?BMQNCJ?CVNMQGŽM?ESB?Q
    @?GV?Q RCKNCP?RSP?Q  ? LŽM QCP OSC ? RCKNCP?RSP? ACLRP?J BM AMPNM BGKGLS?  GLBGA?LBM QGL?J NPCAMAC BC FGNMRCPKG?
    (LRCPCQQ?LRCKCLRC  LCLFSK CDCGRM NPCHSBGAG?J LM RCAGBM NSJKML?P DMG BMASKCLR?BM AMK M CVCPA”AGM NP?RGA?BM CK
    RCKNCP?RSP?QRŽM@?GV?QOS?LRMZj"
    APCBGR?T? QC OSC ? NPŠRGA? BC CVCPA”AGM BC ,5+<9(5*, LM AJGK? DPGM QCPG? A?N?X BC CV?ACP@?P M NMRCLAG?J BC
    2B?>3?3?>CDB9kj? 9>4EJ941 @5<? 5H5B3o39?  0 ,  PCBSŽM BM BG‹​KC​RPM BMQ @PMLOS”​MJMQ LMQ NSJKCQ 
    @PMLAMAMLQRPGŽMA?P?ARCPGX?KSGR?QAMLBGCQ?QKŠRGA?Q C?!($NMBCQCPBCQCL​A?​BC?​B?NCJMCVCPA”AGMBC,5+<9(5*,CK
    NCQQM?QNMPR?BMP?QBC?QK?GLBSXGB?NCJMCVCPA”AGM,SGRMQHSJE?T?KOSCM?PDPGMOSCCLRP?LMQNSJKCQNMBCPG?A?SQ?P
    CDCGRM QGKGJ?P CK RMB?Q ?Q NCQQM?Q $LRPCR?LRM  ?GLB? OSC ?Q TCJMAGB?BCQ B? AMPPGB? C MQ N?P‹KCRPMQ ¤QGMJ™EGAMQ QCH?K
    ?DCR?BMQAMK?NPŠRGA?BMCVCPA”AGMBC,5+<9(5*,LMDPGM ?NCL?Q?QNCQQM?QOSCQ?@CKOSCQMDPCKBC!($K?LGDCQR?KCQQC
    CDCGRM BC @PMLAMAMLQRPGŽM -? PC?JGB?BC  BCTGBM Q PMSN?Q SQ?B?Q NCJMQ CQOSG?BMPCQ C AMPPCBMPCQ  M GKN?ARM BMQ
    ?K@GCLRCQ R”NGAMQ BM AJGK? DPGM QM@PC MQ BCQCKNCLFMQ BC ,5+<9(5*,  K”LGKM "MLDMPKC ? RCKNCP?RSP? QC CJCT? BC  ?
    j" MQBCQCKNCLFMQL?K?P?RML?QCRMPL?KA?B?TCXK?GQJCLRMQC BCQQCKMBM ?FGNCPRCPKG?N?QQ??QCPSK??KC?​?
    GKNMPR?LRC CKTCXB?FGNMRCPKG? 

    4=:>2E:K2wv@ 24=:>2wv@
    MAMLRPŠPGMBMA?JMP ??AJGK?RGX?ŽMCVNMQGŽML?RSP?J MS?AJGK?ŽMCVNMQGŽM?PRG¤AG?J ?MDPGMRGNGA?KCLRCRCKQGBM
    PCJ?AGML?B? AMK ?JRCP?CQ AMKNMPR?KCLR?GQ  AMKM SQM BC BGTCPQ?Q A?K?B?Q BC PMSN?Q C B?Q NC?Q BC K?LCGP?
    ?NPMNPG?B? ,SGR?Q TCXCQ  ?HSQRCQ NQGAMJ™EGAMQ NMBCK QCP DCGRMQ N?P? CLDPCLR?P M AJGK? DPGM BC KMBM BGDCPCLRC -MQ
    CQNMPRCQ  ?JESK?Q COSGNCQ MPESJF?K QC B? A?N?AGB?BC BC HME?P LM DPGM  QM@PCRSBM CK QCS NP™NPGM A?KNM /MP BA?B?Q
    KSGRMQ?RJCR?QB?QCOSGNCQBCAJGK?OSCLRCGLRCEP?LRCQB?-?RGML?J%MMR@?JJ+C?ESCMBG?P?KGP?MJCLBŠPGM+?K@C?S%GCJB
    CHME?PAMLRP?M&PCCL!?W/?AICPQCKBCXCK@PM%GESP? /?P?CLD?RGX?PCQQ?T?LR?ECKNQGAMJ™EGA?BCOSCMAJGK?
    DPGM LŽM MQ GLAMKMB?T?  MQ HME?BMPCQ BM /?AICPQ Q?”​?K BM TCQRGŠ​PGM N?P? MQ ?OSCAGKCLRMQ NP HMEM TCQRGLBM ?NCL?Q
    A?KGQCR?QMSKSGRMKCLMQPMSN?BMOSCQCSQMNMLCLRCQ ?MKCQKMRCKNMOSC¥MAMQBCLCTCA?”\ KQM@PCMCQRŠBGM$JCQ
    D?XG?KGQQMN?P?PCQQ?JR?P?DMP?BMRGKCCN?P?YNPCQQGML?PNQGAMJMEGA?KCLRC^?GLB?K?GQQCSQMNMLCLRCQ
    86DA0
     < A44= 0SS => -8B2>=B8= >B A44= 0SS &02:4AB 4 >B 0;;0B >F1>SSB B4 4=5A4=C0A0< ?4;>
    20<?4>=0C>30$0C8>=0;>>C10;;"406D4$"=>@D4J2>D2>=74283>2><> F"MN?ŒOG>IMDIAIM
    G;CM@;GIMIM>I=;GJ?IH;NI>?@ON?<IF;G?LC=;HID†DIA;>I
    =OD;N?GJ?L;NOL;>I>C;?L;>?X
    f HI);G<?;O
    #C?F>
    ?G =;J;=C>;>?>?MM;?KOCJ?>?@ON?<IF;G?LC=;HI>??H@L?HN;LIM>?M;VIM>;J;LNC>;HI@LCI?A;HB;L
    GOCNIM DIAIM =IHNLC<OCO J;L; ; @;G; >I F?H>†LCI $L??H ;S -;=E?LM ? J;L; MO; P;HN;A?G ?G DIA;L HI );G<?;O
    #C?F>
    =IHB?=C>I=IGI11 H;+#)

    Q?B?NR?CQ¤QGMJ™EGA?Q?MDPGM CLRPCR?LRM QŽMKCLMQ™@TG?QBMOSC?Q?B?NR?CQ?MA?JMP/?P?BCRCPKGL?PQCCQQ?Q


    ?B?NR?CQ MAMPPCK   NPCAGQM AMLQGBCP?P TŠPG?Q NMNSJ?CQ C QGRS?CQ L?Q OS?GQ CQQCQ KCA?LGQKMQ NMBCK RCP QC
    BCQCLTMJTGBM?MJMLEMBMRCKNM,MLR?LFGQR?Q?JR?KCLRCRPCGL?BMQKMQRP?P?KPCQNMQR?QK?GQ?ACL​RS?B?QBCT?QMBGJ?R?ŽM
    GLBSXGB?Q NCJM DPGM BG?LRC B? CVNMQGŽM ?M DPGM B? ?JR? ?JRGRSBC CK AMKN?P?ŽM AMK MQ AMLRPMJCQ  GKNJGA?LBM SK RGNM
    NCPGDPGAMBC?AJGK?RGX?ŽMAMK@GL?ŽMBCCVNMQGŽMAPšLGA??MDPGMC?JR??JRGRSBC$QQC?AF?BMPCQN?JB?SKRP?@?JFM
    K?GQ?LRGEMCKOSCSKNCQA?BMPBCŠES?QNPMDSLB?QBCKMLQRPMS¥SVMQ?LES”i CML?QKŽMQK?GMPBMOSCMQAMLRPMJCQLŽM
    ?AJGK?RGX?BMQOS?LBMCVNMQRMQ?MDPGM$QOSGK™QQŽM@CK?BCOS?BMQ?MCQRSBMB??AJGK?RGX?ŽMFSK?L??MQ?K@GCLRCQ
    DPGMQ SK?TCXOSCTŠPG?QECP?CQBCQQCQL?RGTMQBMAJGK?DPGMRGTCP?KBCCLDPCLR?PAMLBGCQAJGKŠRGA?QK?GQPGEMPMQ?Q
    %MGKMQRP?BMOSCMQCQOSGK™Q?NPCQCLR?KR?V?QKCR?@™JGA?Q@?Q?GQK?GQCJCT?B?Q? BMOSCMQLŽMCQOSGK™Q
    ?AJGK?RGX?ŽM?MDPGMN?PCACRCPEP?LBCAMKNMLCLRCECLRGAM K?QR?K@KNMBCQCPGL¥SCLAG?B?NCJ?CVNMQGŽM?MDPGMCK
    QGRS?CQCKOSCMAMPPCK?B?NR?CQ¤QGMJ™EGA?QJMA?GQ?SKCLRMBM¥SVMQ?LES”L` MN?P??QCVRPCKGB?BCQ CRMJCP‹LAG?
    NQGAMJ™EGA?
    NPCN?P?ŽMN?P??CVNMQGŽM?MAJGK?DPGMNPCAGQ?QCPDCGR?AMKPMSN?Q?BCOS?B?Q.?OSCAGKCLRMNMBCQCPTGR?JQCMQ
    ?RJCR?QCQRGTCPCKBCN?MPCBMPB?JGLF?J?RCP?JCQNCP?LBMN?P?HME?PLM?K@GCLRCDPGM$K@MP?MCVCPA”AGMNMQQ??HSB?P?
    AMKNCLQ?P ?Q OSCB?Q B? RCKNCP?RSP? ACLRP?J  ?Q ​ŠPC?Q B? QSNCPD”AGC ASR‹​LC? CVNMQR?Q NPMKMTCK M PCQDPG?KCLRM B? ​
    KSQASJ?RSP? QS@H?ACLRC (QQM MA?QGML? ? BGKGLSGŽM B? NPMBSŽM BC DMP?  OSC  NMP QS? TCX  GL¥SCLAG? @?QR?LRC ?Q
    F?@GJGB?BCQPCAPC?RGT?QCCQNMPRGT?Q BCKMLQRP?LBM K?GQSK?TCX OSC?NPMRCŽMCM?OSCAGKCLRMQŽMDSLB?KCLR?GQN?P?
    MQSACQQMBMBCQCKNCLFMD”QGAMLM?K@GCLRCDPGM!MVC 

    BCA4BB4300;C8CD34

    QRCLR?RGT?Q@CKCK?JQSACBGB?QBCCQA?J?PM,MLRC$TCPCQRT‘KBCKMLQRP?LBM FŠ?LMQ MQBCQ?¤MQC?QGKNMQGCQB?Q


    ?JR?Q?JRGRSBCQ#MKCQKMKMBM HMPL?JGQR?QCQNMPRGTMQOSCAM@PCKMQHMEMQNPM¤QQGML?GQBCDSRC@MJ?KCPGA?LMC@CGQC@MJ
    FMQNCB?BMQCK#CLTCP ". PCNMPR?KMQCDCGRMQAMLQGBCPŠTCGQOSC??JRGRSBCCVCPACQM@PCMQ?RJCR?QL??JRGRSBCBCK
    BC #CLTCP 2CLBM ?QQGK  OS?GQ QŽM ?Q GKNMQGCQ B?Q BGDCPCLRCQ ?JRGRSBCQ 0S?J ? GLRCLQGB?BC BMQ CDCGRMQ LCE?RGTMQ LM
    BCQCKNCLFMD”QGAM?K QBGDCPCLRCQCOSGNCQQCCLAMLRP?KCKT?LR?ECKMSBCQT?LR?ECKQM@ACPR?QAMLBGCQBC
    ?JRGRSBC

    ! 

    %4@CA@>@?:E@C2@7C:@A@C>6:@56C646AE@C6D567C:@
    ,2D@4@?DEC:wv@ EC6>@C6D C65Fwv@ 52 DF5@C6D6 6 6DE:>F=2wv@ 52D 8=t?5F=2D E:C6@:56 6 DFAC2CC6?2= 2;F52> @ 4@CA@ 2 C68F=2C 2D
    BF652D56E6>A6C2EFC2
    9:A@E6C>:2xF>24@?5:wv@?2BF2=2E6>A6C2EFC24@CA@C2=42:2Ex@A@?E@6>BF627F?wv@LD:@=8:42?@C>2=xAC6;F5:4252@F
    :>A@DD{G6=
    6IA@D:wv@uF>:525662@7C:@AC@>@G625:>:?F:wv@52DG6=@4:5256D564@?5Fwv@?6CG@D26DF3D6BF6?E6DC65Fw‚6D?@A:4@56
    E@CBF6:D@4:?xE:4@EC232=9@E@E2=6A@Ey?4:2
    %ACxC6D7C:2>6?E@A@56D6CF>2Ex4?:426L42J?@2AC:>@C2>6?E@5@56D6>A6?9@6DA@CE:G@6>4=:>2DBF6?E6D
    %56D6>A6?9@42C5:@G2D4F=2C656 &# D@7C6@D:>A24E@D52D32:I2DE6>A6C2EFC2D2A6?2DD62E6>A6C2EFC246?EC2=5@4@CA@
    5:>:?F:C
    24=:>2E:J2wv@2@7C:@A2C646E6C8C2?564@>A@?6?E686?xE:4@>2DA@56D6C:?MF6?4:252A6=26IA@D:wv@2@7C:@6>D:EF2w‚6D6>
    BF6@4@CC6>2=8F>2D252AE2w‚6DLD:@=8:42D=@42:D6E@=6Ct?4:2AD:4@=8:42

    ,4& <
    @87;1dc7)7.:17C!7*:->1>f6+1)6);,1.-:-6<-;+76,1do-;,);*)1@);
    <-58-:)<=:);
    2C TMA‘ KMP? CK SK JSE?P BC RCKNCP?RSP?Q DPG?Q Q?XML?GQ MS AMLQR?LRCQ  ? NPŠRGA? BC ?RGTGB?BCQ L?Q AMLBGCQ BC
    @?GV?RCKNCP?RSP?KCPCAC?RCLŽMCQNCAG?J MAMLRPŠPGMBMOSCBGX?APCL?NMNSJ?P ?RCKNCP?RSP?LŽMMžLGAM
    D?RMP?QCPAMLQGBCP?BMOS?LBMQCBCRCPKGL??QKCBGB?QBCQCESP?L??QCPCK?BMR?B?QL?Q?RGTGB?BCQPC?​JG​X?B?QLM
    AJGK? DPGM "MK CDCGRM  MSRPMQ D?RMPCQ ?K@GCLR?GQ ?DCR?K DMPRCKCLRC ? NMRCLAG?J EP?TGB?BC B? CVNMQGŽM ?M DPGM
    0S?LBMJGB?KMQAMKMQPGQAMQ?QQMAG?BMQQ@?GV?QRCKNCP?RSP?Q BCTCKMQAMLQGBCP?PMQCDCGRMQB?QAMLBGCQQCA?Q
    AMKN?P?B?QQžKGB?Q BCTCLRMMSAMLTCAŽM CGL​BG​TG​BS?GQ

    ;:05em1??1/-?B1>?A?n950-?
    0S?LBMM?K@GCLRCDPGMCQCAM MSQMBCPMSN?QNPMRCRMP?QOSCGQMJ?KMAMPNMC¤A?X.GQMJ?KCLRMDSLAGML?NMP
    KCGMB?A?N?AGB?BCBCCTGR?P?NCPB?BCA?JMPOSCGPP?BG?BMAMPNMN?P???RKMQDCP?4K?TCXOSCMA?JMPCM?PQŽM
    ?NPGQGML?BMQ M?PNP™VGKM?MAMPNMOS?QCQCGES?J?QRCKNCP?RSP?QAMPNMP?GQ CTGR?LBM BCQQCKMBM K?GQNCPB?BC
    A?JMPCNCPKGRGLBMOSC?RCKNCP?RSP?AMPNMP?JNCPK?LC?CQRŠTCJ
    $KAMKN?P?ŽMAMKMAJGK?DPGMCQCAM MQ?K@GCLRCQDPGMQAMKQS@KCPQŽMMSCVNMQGŽMŠES?ECJ?B?NMBCK
    AMKKSGR?P?NGBCX QCRMPL?PNMRCLAG?JKCLRCD?R?GQ.A?JMPBMAMPNMNCPBGBMBCK?LCGP?CVNMLCLAG?JKCLRCK?GQ
    JGECGP? L? ŠES? BM OSC L? RCPP? BCTGBM  A?N?AGB?BC B? ŠES? BC ?@QMPTCP K?GQ TCJMXKCLRC M A?JMP GPP?BG?BM NCJM
    AMPNMCBCD?XCPGQQMQCKQCGES?J?PP?NGB?KCLRCRCKNCP?RSP?BMAMPNMBGDCPCLRCBM?P "MKM?RCKNCP?RSP?B?
    ŠES? LŽM QC COSGN?P?  BM AMPNM BC NPMLRM  M AMPNM AML​RG​LS? ? NCPBCP A?JMP L? DžRGJ RCLR?RGT? BC GES?J?P ?Q
    RCKNCP?RSP?QGLRCPL?QCCVRCPL?Q @?GV?LBMBCK?LCGP?D?R?JCPŠNGB??RCKNCP?RSP?AMPNMP?J
    OS?LRGB?BCBCŠES?OSCNPCAGQ?QCP?OSCAGB?RCKNCP?RSP?AMPNMP?JBCQCKNCLF?SKGKNMPR?LRCN?NCJL?R?V?
    BCNCPB?BCA?JMP/MPCVCKNJM KCLMQA?JMPAMPNMP?JBGQQGN?BMN?P?GES?J?P?RCKNCP?RSP?BCSK?E?PP?D?BCŠES?
     RCKNCP?RSP? AMPNMP?J BM OSC ? BC SK J?EM  RCKNCP?RSP? BM AMPNM -?Q AMLBGCQ CK OSC M TMJSKC BC ŠES?
    PCJ?RGTMK?GMP L?B?PAMKTGEMPNPMT?TCJKCLRCNPMKMTC?NCPB?BCA?JMPAMKK?GQP?NGBCX QCK?CQNCP?L?BC
    GES?J?PRCKNCP?RSP?Q MOSCAMJMA??QT”RGK?QQS@KCPQ?QCKPGQAMKSGRMK?GQP?NGB?KCLRC
    $K@MP??QS@KCPQŽMNMQQ?QCPGKNPMTŠTCJ GKNMPR?LRCJCK@P?PMCDCGRMB?ŠES?QM@PC?R?V?BCNCPB?BCA?JMP
    NCLQCQM@PCAMKM?NCPQNGP?ŽMCDCRGT?BCTGBMOS?LRGB?BCBCA?JMPOSC?ŠES?NMBC?@QMPTCP 2C?CVNMQGŽM
    ŠES? CK ?K@GCLRCQ DPGMQ DMP NPCTGQR?  ? SRGJGX?ŽM BC PMSN?Q OSC GQMJ?K ? NCJC BM ?K@GCLRC CVRCPLM  CQQCLAG?J v
    GLAMLAC@”TCJNCPKGRGPOSC?ŠES?¤OSCCKAMLR?RMAMK?NCJCCVNMQR? PCQDPG?LBM ?BCK?LCGP?AMLo”i S?C AMKGQQM
    A?SQ?LBMNCPB?BCA?JMPCVACQQGT?

    >5;B1>?A?2>5;1B1:@;
    "MKMM?PE?LF?CNCPBCBCA?JMPAMKD?AGJGB?BCN?P?QCGES?J?P?M?K@GCLRC M?SKCLRMB?TCJMAGB?BCAMK?OS?J
    M?PN?QQ?NCJ?NCJC?ACJCP?@?QR?LRC?R?V?BCNCPB?BCA?JMP0S?LBM?Q?RGTGB?BCQQŽMNP?RGA?B?QCK?K@GCLRCQDPGMQ
    AMK ?BGŽM BM D?RMP TCLRM  NPCAGQM RCP ASGB?BM BM@P?BM  NMGQ ? NCPB? BC RCKNCP?RSP? AMPNMP?J CQNCAG?JKCLRC
    RCKNCP?RSP? B? NCJC  MAMPPC AMK K?GQ P?NGBCX  ?SKCLR?LBM M PGQAM BC JCQŽM AMLDMPKC KMQRP?BM LM EPŠ¤AM BC
    ?PPCDCAGKCLRMBMTCLRM 
    $K AMLBGCQ CVRCPL?Q BC DPGM C TCLRM  SQC PMSN?Q PCQGQRCLRCQ ?M TCLRM ,?RCPG?GQ  NPMT? BŠES? MS  @?QC BC
    NMJG​QRCPTCQRGBMQNMPDMP?BMK?RCPG?JGQMJ?LRCQŽMSK?™RGK?CQAMJF? JKBGQQM AS@P?RMB?Q?QN?PRCQAMPNMP?GQ
    CVNMQR?Q QM@PCRSBM?A?@C? HŠOSCSKBMQACLRPMQNPGKŠPGMQBCNCPB?BCA?JMPBMAMPNM A?@C?PCAC@CEP?LBC
    OS?LRGB?BC BC ¥SVM Q?LES” i CM QSNCP¤AG?J MS A?JMP  C  NMP GQQM  NCPBC A?JMP AMK D?AGJGB?BC C  CQNCAG?JKCLRC
    NPMNCLQ??MQNCPGEMQBMTCLRMMSNCPB?BCA?JMPNMPAMLTCAŽM BCTGBMQS?JMA?JGX?ŽMLMAMPNM

    0-019-??-/;><;>-81-@5B50-01:;2>5;
    . CQR?BM BM GL​BG​T”​BSM LM ?K@GCLRC DPGM RCK DSLŽM GKNMPR?LRC LM CDCGRM OSC CQQC ?K@GCLRC CVCPAC QM@PC ?
    RCPKMPPCESJ?ŽM /CQQM?Q K?GQ TCJF?Q QŽM KCLMQ RMJCP?LRCQ ?M DPGM "MLRP?PG?KCLRC  ?Q K?GQ HMTCLQ ?NPCQCLR?K
    K?GMPA?N?AGB?BCBCPCQGQR‘LAG?QJCQCQPCJ?AGML?B?QAMKMDPGM$K@MP?MQGL​BG​T”​BSMQHMTCLQCQRCH?KNPMNCLQMQ
    ?MQ PGQAMQ MDCPCAGBMQ NCJMQ AJGK?Q K?GQ OSCLRCQ  CLOS?LRM MQ K?GQ TCJFMQ NPCDCPCK R?LRM ¤QGMJ™EGA? OS?LRM
    NQGAMJMEGA?KCLRC RCKNCP?RSP?QK?GQ?KCL?Q K?QLŽMOSCLRCQ ?GLB??QQGKMQHMTCLQCQRŽMNPMNCLQMQFGNCPRCPKG?
    JK BGQQM  ? OS?LRGB?BC C ? AMKNMQGŽM B? K?QQ? AMPNMP?J R?K@K QŽM GKNMPR?LRCQ N?P? ? RCPKMPPCESJ?ŽM
    JESK?QCQRPSRSP?QQŽMA?N?XCQBCDMPLCACPGQMJ?KCLRMRPKGAMCMSRP?Q​?RS?KCKDSLCQNPGKŠPG?QL?NPMBSŽM
    BC A?JMP /MP CVCKNJM  EP?LBCQ OS?LRGB?BCQ BC K?QQ? ​KSQASJ?P CQOSCJRGA? NPMBSXCK K?GQ A?JMP  M OSC
    NPMT?TCJKCLRC PCQSJR? CK RMJCP‹LAG? K?GMP Q RCKNCP?RSP?Q K?GQ DPG?Q ? LŽM QCP OSC KMJF?BM   K?QQ? ?BGNMQ?
    GQMJ?MQ™PEŽMQTGR?GQCCTGR??NCPB?B?RCKNCP?RSP?AMPNMP?JACLRP?JLMQ?K@GCLRCQDPGMQ GQQMBŠ?MGL​BG​T”​BSMAMK
    K?GQK?QQ?EMPB?SK?T?LR?ECKQM@PCMQGL​BG​T”​BSMQK?GQK?EPMQ
    ?RGTGB?BCLMDPGMNMBC?DCR?PBCKMBMAMLQGBCPŠTCJ?RCPKMPPCESJ?ŽMBCK?LCGP?NMRCLAG?JKCLRC@CL¤A?MS
    K?J¤A? v @?QR?LRC NPMTŠTCJ OSC M BCQJMA?KCLRM BM ¥SVM Q?LES”L` M N?P? ?Q CVRPCKGB?BCQ C M ?SKCLRM B? R?V?
    KCR?@™JGA??RSCKL?QDSLCQNPMRCRMP?QAMLRP??QJCQCQMA?QGML?B?QNCJMDPGM MAMLRPŠPGM ?NCPQNGP?ŽMA?SQ?B?
    NCJ? ?RGTGB?BC TGEMPMQ? ?ACJCP? ? R?V? BC NCPB? BC A?JMP AMPNMP?J  GKNJGA?LBM PGQAM QS@QR?LAG?J QC LŽM DMPCK
    P?NGB?KCLRCNPMTGBCLAG?B?QPMSN?Q?NPMNPG?B?Q KCBGB?QBCQCA?ECKMSPCJMA?ŽMCKRCKNCP?RSP?QK?GQ?KCL?Q

    ,4& 
    ;)<4-<);,--6,=:)6+-,--;+74);-=61>-:;1,),-;47+)41B),);-5
    )4<1<=,-;<f5>)6<)/-59=)6,7+758-<-5+76<:))<4-<);,--;+74);)7
    6h>-4,75):
    $QQ?  SK? @M? NCPESLR? N™Q KMP?P C RPCGL?P CK ?JRGRSBCQ QSNCPGMPCQ ?  K NMP KSGRMQ ?LMQ  ?RJCR?Q BC
    ,5+<9(5*, BC SLGTCPQGB?BCQ AMKM 4LGTCPQGRW MD -CU ,CVGAM C "MJMP?BM 2R?RC 4LGTCPQGRW QŽM QS@KCRGBMQ ?
    ?B?NR?CQ¤QGMJ™EGA?QAMKM?SKCLRMBMTMJSKCBCCPGRP™AGRMQLMQ?LESC B?BCLQGB?BCA?NGJ?PCB?BCLQGB?BCB?Q
    KGRMAšLBPG?Q B?Q ¤@P?Q h SQASJ?mCQ $QQ?Q ?B?NR?CQ LŽM ?NCL?Q GLRCLQG¤A?K M DMPLCAGKCLRM BC MVGE‘LGM ?MQ
    KžQASJMQCK?RGTGB?BC K?QR?K@K?SKCLR?K?A?N?AGB?BCB?Q¤@P?Qh SQASJ?mCQBCNPMBSXGP 3/NMPKCGMBM
    KCR?@MJGQKM?CP™@GM/MPAMLQCESGLRC M?RJCR?QCPŠA?N?XBCBCNCLBCPCKEP?SK?GMPBMKCR?@MJGQKM?CP™@GMN?P?
    DMPLCACPM 3/LCACQQŠPGMN?P?QSQRCLR?PSKB?BMPGRKM KGLGKGX?LBM ?QQGK MKCR?@MJGQKM?L?CP™@GMCMQCDCGRMQ
    D?RGE?LRCQ B? CJCT?ŽM B? ?AGBCX /MPR?LRM  QGK  ?Q ?B?NR?CQ ¤QGMJ™EGA?Q NCJ?Q OS?GQ MQ ?RJCR?Q BC ,5+<9(5*, BC
    CQAMJ?Q JMA?JGX?B?Q L? ?JRGRSBC N?QQ?K QŽM @CL¤A?Q OS?LBM CJCQ AMKNCRCK ?M L”TCJ BM K?P (QQM LŽM
    LCACQQ?PG?KCLRC OSCP BGXCP OSC GPŽM E?LF?P  SK? TCX OSC M RPCGL?KCLRM  ? KMRGT?ŽM C M R?JCLRM L?RSP?J QŽM BC
    EP?LBCGKNMPR‹LAG?N?P?MBCQCKNCLFM?RJRGAM

    "MKPCJ?ŽMA?N?AGB?BC?CP™@G? CQRSBMQPCTCJ?KBCAJ”LGMQLMBCQCKNCLFMD”QGAMHŠCK?JRGRSBCQBCK MQOS?GQ


    QŽMK?GQCTGBCLAG?BMQL??JRGRSBCNP™VGK??K"MLRSBM N?PCACOSCCVGQRCSKJGKG?PBCACPA?BCK LMOS?J
    MQCDCGRMQB??JRGRSBCQM@PCMBCQCKNCLFMQCRMPL?KK?GQNPMLSLAG?BMQ$QNCAG¤A?KCLRC MQNPCHS”uMQK?GQBP?KŠRGAMQLM
    AMLQSKMBCMVGE‘LGMCBCQCKNCLFMBC,5+<9(5*,AMKC?K?MAMPPCPLCQQ??JRSP?!MVC "MK?CJCT?ŽMB??JRGRSBC
    MQ GKN?ARMQ LCE?RGTMQ LM KCR?@MJGQKM MVGB?RGTM AML​RG​LS?K ? APCQACP BC K?LCGP? ASPTGJ”LC? v GLRCPCQQ?LRC LMR?P OSC ?
    K?GMPG?B?QAMKNCRGCQ?RJRGA?QBGQNSR?B?CK?JRGRSBCKMBCP?B? AMK?JESLQCQNMPRCQBCGLTCPLMC?JNGLGQKMBCY?JR?
    ?JRGRSBC^MAMPPCLBMCK?JRGRSBCQQSNCPGMPCQ?K%GESP? 

    :A@I:26@FEC@D56D2M@D522=E:EF56
    .NPM@JCK?DSLB?KCLR?JB??JR??JRGRSBC?BGKGLSGŽM?QQMAG?B?B?@B5CCj?21B?=lDB931 OSCA?SQ?FGNMVG?.NCQMBM
    ?P  BC¤LGBM NCJ? NPCQQŽM @?PMKRPGA?  ? OS?J QMDPC KSB?L?Q CK BCAMPP‘LAG? B?Q AMLBGCQ ?K@GCLR?GQ  QM@PCRSBM B?
    ?JRGRSBC 89@?H91 MSMAMKNPMKCRGKCLRMBMDMPLCAGKCLRMBCMVGE‘LGM?MQRCAGBMQ ?JTM SK?GKNMPR?LRCA?SQ?BMQ
    KSGRMQCDCGRMQBCJCRPGMQB??JRGRSBC QCLBMMA?QGML?B?NCJ?PCBSŽMB?@B5CCj?@1B391<BCMVGE‘LGM/MPQCPMMVGE‘LGMRŽM
    GKNMPR?LRCN?P??DSLŽM¤QGMJ™EGA? KSGRMQ GLAJSQGTC?RJCR?QCHMPL?JGQR?QCQNMPRGTMQ ?APCBGR?KOSC?D?JR?BCMVGE‘LGML?
    ?JRGRSBCPCQNMLQŠTCJNMPRMBMQMQNPM@JCK?Q$LRPCR?LRM GQQMLŽMTCPB?BC NMPACLR?ECKBCMVGE‘LGM  LM?P
    @CKAMKMBMQMSRPMQE?QCQ".  CLGRPME‘LGM   ?KCQK? GLBCNCLBCLRCKCLRCB??JRGRSBCL??RKMQDCP?
    RCPPCQRPC.OSCT?PG??NPCQQŽMCVCPAGB?QM@PC?QKMJASJ?QBCA?B?EŠQ0S?LRMK?GQCJCT?B???JRGRSBC KCLMP?NPCQQŽM
    @?PMKRPGA? KK'E  ? OS?J BCQCKNCLF? EP?LBC N?NCJ L? A?N?AGB?BC BM AMPNM BC A?NR?P MVGE‘LGM N?P? MQ RCAGBMQ
    RCLQŽM BM MVGE‘LGM  MS NPCQQŽM N?PAG?J BM MVGE‘LGM /.   A?JASJ?B? AMK ? KSJRGNJGA?ŽM B? NPCQQŽM @?PMKRPGA? NCJ?
    NMPACLR?ECKBCMVGE‘LGMLM?P"?N”RSJM (QQMOSCPBGXCPOSC?RCLQŽMBCMVGE‘LGMT?GBGKGLSGLBMAMK?CJCT?ŽMB?
    ?JRGRSBCvNMQQ”TCJCLRCLBCPD?AGJKCLRCOSC?NPCQQŽM@?PMKRPGA?BCKK'E?ML”TCJBMK?PNMBCAPG?PSK?NPCQQŽM
    N?PAG?JKSGRMK?GQ?JR?BMOSC?NPCQQŽM@?PMKRPGA?BCKK'EB?"GB?BCBM,VGAM MLBCMQ)MEMQ.J”KNGAMQBC
    DMP?KBGQNSR?BMQ!MVC 

    86DA0
    #0?0<D=380;2><0B3854A4=C4B0;C8CD34B?>AC>3>>6;>1>

    ,4&
     <
    4158h)​,);,-$-:c7,-

    APCBGR?T? QC OSC M CLRŽM AF?K?BM Y?P ¤LM^ B? "GB?BC BM ,VGAM  ?  K BC ?JRGRSBC  ?HSB?P? MQ ?RJCR?Q ?
    OSC@P?PPCAMPBCQCKRMB?Q?QAMPPGB?QBM?RJCRGQKMK?QASJG​LMCDCKGLGLM?RKLMQ)MEMQ.J”KNGAMQBC5CPŽM
    BC APCBGR?T? QCR?K@KRCPCVCPAGBMGL​¥S‘L^G?LMQ?JRMBC KOSCPCLBCS?KCB?JF?BCMSPM?M?RJCR?
    LMPRC ?KCPGA?LM BC Q?JRM CK BGQR‹LAG? !M@ !C?KML  M OS?J @?RCS ? K?PA? KSLBG?J CVGQRCLRC CK OS?QC   AK
    .SRPMQ BCQCKNCLFMQ GLAP”TCGQ BC ?KCPGA?LMQ GLAJS”​P?K M PCAMPBC BC J .CPRCP LM OS?PRM R”RSJM AMLQCASRGTM LM
    J?L?KCLRMBMBGQAM ?QRP‘QKCB?JF?QBCMSPMGL​BG​TG​BS?GQL?L?R?ŽMBC#C@@GC,CWCP MQ?JRMCK?JRSP?TCLACBMP
    BM GLMT?BMP #GAI %MQ@SPW  AMK M QCS Yt67Y BC AMQR?Q  C 6WMKG? 3WSQ  ? NPGKCGP? KSJFCP ? E?LF?P KCB?JF?Q BC
    MSPMAMLQCASRGT?QLMQK
    .?SKCLRMB??JRGRSBCA?SQ?EP?LBCCQRPCQQC?MAMPNM L?K?GMPG?B?QTCXCQBGPCR?KCLRCL?A?N?AGB?BCBCA?NR?ŽMBC
    MVGE‘LGMN?P?MQRCAGBMQAMPNMP?GQ#CQQCKMBM ?NPCQQŽM@?PMKRPGA?KCLMPL??JRGRSBCAPG?SK1=295>D589@?2gB93?C
    ?/.KCLMPPCBSX?CDCRGTGB?BCBMRP?LQNMPRCE?QMQMB?BGDSQŽMNSJKML?PBCMVGE‘LGMBMQNSJKCQN?P?MQ?LESCC CK
    QCESGB? LMQRCAGBMQ ?JTMBMAMPNM$QQ?OS?LRGB?BCKCLMPBCMVGE‘LGMN?P?MQRCAGBMQBMAMPNMAPG?MOSCAF?K?KMQBC
    YCDCGRMFGN™VGAM^
    JKB?FGNMVG? ?CJCT?ŽMB??JRGRSBC?QQMAG?B??MSRPMQBCQ?¤MQ?K@GCLR?GQvCTGBCLRC CKKSGR?QDMRMEP?¤?QBC
    ?JNGLGQR?QOSC?JA?L?P?KMRMNMBC?JESLQBMQNGAMQK?GQ?JRMQLMKSLBM OSCMDPGMR?K@KRCKPCJ?ŽMAMK??QACLQŽM
    ?JRGRSBCK?GQ?JR?-MKMKCLRMCKOSCQCAFCE??MNGAMBM,MLRC$TCPCQR ?RCKNCP?RSP?NMBCQCPBCZ j".?P
    DPGM ?NPCQCLR? L”TCJ BC T?NMP BŠES? KCLMP BM OSC M ?P K?GQ ?OSCAGBM  C M EP?BGCLRC BC NCPB? F”BPGA? BM AMPNM N?P? M
    ?K@GCLRCCVCPACGL​¥S‘L ^G?QBCBCQGBP?R?ŽM$QQ?K?GMPNCPB?CT?NMP?RGT?BCSKGB?BCBMAMPNMGLRCLQG¤A?B?BSP?LRCM
    CVCPA”AGMD”QGAMBCTGBM?M?SKCLRMB?TCLRGJ?ŽMMA?QGML?B?NCJMCQDMPMD”QGAMJCK@PC QCBCOSCT?NMPBCŠES?CVNGP?BM
    BSP?LRC?PCQNGP?ŽM $QQCQD?RMPCQOSCNPMKMTCK?BCQGBP?R?ŽMQŽMCV?ACP@?BMQAMK?CJCT?ŽMB??JRGRSBC(QQMOSCP
    BGXCPOSCNPCAGQMKMLGRMP?PMCQR?BMB?FGBP?R?ŽMC?GLECQRŽMF”BPGA?OS?LBMQCKMP?CQCCVCPAGR?L??JRGRSBC
    /MP ¤K  ? OS?LRGB?BC BC P?BG?ŽM QMJ?P  K?GMP AMK ? CJCT?ŽM B? ?JRGRSBC NMPOSC ?Q MLB?Q CJCRPMK?ELRGA?Q BM 2MJ
    NCPAMPPCKBGQR‹LAG?K?GQASPR?CMAMPPCM?BCJE??KCLRMB??RKMQDCP?.2MJCKGRCTŠPGMQRGNMQBCP?BG?ŽMSJRP?TGMJCR?
    SJRP?TGMJCR? 45 SJRP?TGMJCR?!45! CSJRP?TGMJCR?"45"  P?BG?ŽM45"?@QMPTGB?NCJ?A?K?B?BCMXšLGM
    B? ?RKMQDCP? QQGK  ?NCL?Q ?Q P?BG?CQ 45  C 45! ?RGLECK ? QSNCPD”AGC B? 3CPP? C @JMOSC?BMPCQ QMJ?PCQ TCLBGBMQ
    AMKCPAG?JKCLRC D?XCK ? NPMRCŽM AMLRP? ?K@MQ $K@MP? ? CVNMQGŽM ?M 45! QCH? @CL¤A?  NMGQ GLBSX ? NPMBSŽM BC
    TGR?KGL?#L?NCJC MCVACQQMBCQQ?P?BG?ŽMMA?QGML?B?LMBGPCRM?M#- COSCGK?BSP?QMJ?P ?JKBC?JESK?QDMPK?QBC
    A‹LACPBCNCJC

    )6DA@DE2DMD:@=8:42Du2=E:EF56
    .NPGKCGPMCTCLRMOSCAF?KMS??RCLŽMN?P???JRGRSBCLMCQNMPRCCCVCPA”AGMDMP?KMQ)MEMQ.J”KNGAMQBC5CPŽMBC
      PC?​JG​X?BMQ L? "GB?BC BM ,VGAM  JMA?JGX?B? ?  K BC ?JRGRSBC RJCR?Q BC RMBM M KSLBM DMP?K AMKNCRGP L?
    ?JRGRSBC NCJ? NPGKCGP? TCX CK SK? AMKNCRGŽM KSLBG?J ,SGRMQ AGCLRGQR?Q BC@?RCP?K OS?J QCPG? ? ?JRGRSBC JGKG?P N?P?
    CDCGRMQBP?KŠRGAMQ CQNCAG?JKCLRCCKPCJ?ŽM?MQT?JMPCQBCAMLQSKMBCMVGE‘LGMKŠVGKM RJCR?Q RPCGL?BMPCQ AGCLRGQR?QC
    KBGAMQ NMLBCP?P?K OS?GQ GKN?ARMQ MAMPPCPG?K C CK OS?GQ CTCLRMQ "MK ? OSCB? B? NPCQQŽM N?PAG?J BC MVGE‘LGM  MQ
    CTCLRMQ BC ,5+<9(5*, DMP?K ? NPCMASN?ŽM GKCBG?R?  AMLQGBCP?LBM QC OSC M ?K@GCLRC NMP QG Q™ ?BGAGML?PG? QCESLBMQ
    OS?LBMLŽMKGLSRMQ ?MQRCKNMQB?QAMPPGB?Q2CPG?NMQQ”TCJ??AJGK?RGX?ŽM?CQQC?K@GCLRC$MOSCMQ?RJCR?QCQNCP?T?K
    OS?LBMAFCE?QQCK?MJMA?JB?AMKNCRGŽM0S?LRMRCKNMQCPG?NPCAGQMNCPK?LCACPL??JRGRSBC?LRCQB?AMKNCRGŽMN?P?
    NPMKMTCP??AJGK?RGX?ŽM BMCL​?B??JRGRSBCQCPG?NMQQ”TCJLCQQ??JRGRSBCKMBCP?B?#GPCAGML?B?Q?MQ)MEMQ.J”KNGAMQ
    BC5CPŽMBC CQQ?QCKSGR?QMSRP?QOSCQRCQ?QQMK@P?P?KCBCQ?¤?P?KRMBMQMQCLTMJTGBMQ
    "MLDMPKC QS@GKMQ ? SK? ?JRGRSBC  KCQKM OSC KMBCP?B?  KSGRMQ ?HSQRCQ ¤QGMJ™EGAMQ GLGAG?GQ MAMPPCK LM AMPNM N?P?
    RCLR?PK?LRCP?FMKCMQR?QC$JCT?CQL?DPC​OS‘LAG?A?PB”?​A?BCPCNMSQM NPCQQŽM?PRCPG?JCA?RCAMJ?KGL?QQŽMQGL?GQBM
    CQRPCQQC MA?QGML?BM NCJ? ?JRGRSBC . AMPNM  AMLDPMLR?BM AMK M BCQ?¤M B? FGNMVG? C B? LCACQQGB?BC BC A?NR?P MVGE‘LGM
    N?P?MQRCAGBMQAMPNMP?GQ

    !(06,.$_^127./10$4
    #SP?LRCMCVCPA”AGML??JRGRSBC ?F5>D9<1kj?@E<=?>1B5\$ QCGLRCLQG¤A?CKPCQNMQR?LCACQQGB?BCBCQ?RSP?ŽM?PRCPG?J
    K?GQ ?JR? BC MVGE‘LGM LM Q?LESC  TCLRGJ?ŽM BC PCNMSQM LŽM ?SKCLR? ?R ACPA? BC  K %GESP?   /?P?
    AMKNCLQ?P?PCBSŽMB?/. ?TCLRGJ?ŽMNSJKML?PKSB?CKPC?ŽM?MCQRPCQQCMA?QGML?BMNCJ??JRGRSBC2M@AMLBGCQ
    BCPCNMSQM ECP?JKCLRCMAMPPC?SKCLRMBMTMJSKCAMPPCLRCMSB?NPMDSLBGB?BCB?PCQNGP?ŽM CKTCXBC?ACJCP?ŽMB?
    DPC​OS‘LAG?PCQNGP?R™PG?"MKMCVCPA”AGM MTMJSKCC?DPC​OS‘LAG?NMBCK?SKCLR?PN?P?D?AGJGR?P?K?GMPBGQNMLG@GJGB?BC
    BCMVGE‘LGM$LRPCR?LRM LMCVCPA”AGMKŠVGKM ?TCLRGJ?ŽML??JRGRSBCQGKGJ?PBML”TCJBMK?PvCTGBCLRCOSCCVGQRC
    SK JGKGRC KŠVGKM B? TCLRGJ?ŽM NSJKML?P BSP?LRC M CVCPA”AGM BC GLRCLQGB?BC KŠVGK?  GLBCNCLBCLRCKCLRC BC QCP
    NP?RGA?BM LM L”TCJ BM K?P MS L? ?JRGRSBC -? ?JRGRSBC  CLRPCR?LRM  M AMPNM RMPL? QC K?GQ ?JA?JGLM  NMGQ ? ?ACJCP?ŽM B?
    PCQNGP?ŽM NPMKMTC ? PCKMŽM K?GQ ?ACL​RS?B? BC ".  PCQSJR?LBM CK T?JMP BM N' Q?LES”​LCM ?AGK? BC   "MK M
    RCKNM MQPGLQ?HSB?K?PCQR?SP?PMAMLRPMJCFMKCMQRŠRGAM ?ACL​RS?LBM?CVAPCŽMBC@GA?P@ML?RMSKR?KNŽMŠAGBM M
    OSCMA?QGML??NCPK?L‘LAG?BCK?GQŠAGBMQLMQ?LESCN?P??HSB?P?LCSRP?JGX?P?QQS@QR‹LAG?Q?JA?JGL?Q RP?XCLBMMQ?LESC
    BCTMJR?T?PG?ŽMLMPK?JBCN'BC ? -??JRGRSBC ?QPCQNMQR?QL?TCLRGJ?ŽMNSJKML?PQTŠPG?QCJCT?CQNMBCK
    BGDCPGP LMR?TCJKCLRC CK AMLQC​OS‘LAG? B?Q ?B?NR?CQ APšLGA?Q 1CQGBCLRCQ BC KSGRM RCKNM L? ?JR? ?JRGRSBC ?NPCQCLR?K
    KCLMQQGLRMK?QCNMSA?QKSB?L?QL?TCLRGJ?ŽMCKAMKN?P?ŽMAMK?OSCJCQOSCKMP?K?ML”TCJBMK?P    Q
    ?JRCP?CQTCLRGJ?R™PG?QCBGDCPCL?QCLRPCMQGL​BG​T”​BSMQR?K@KN?PCACKQCPCQRGKSJ?B?QNCJ?QPCQNMQR?QB?QA?RCAMJ?KGL?Q
    ?SK?B?B??JRGRSBC
    86DA0
    
    (4B?>BC0B30E4=C8;0sr>?D;<>=0A4<A4?>DB>380=C430B2>=24=CA0s~4B0;E4>;0A4B34&% =>
    B0=6D4

    1057/1'(19,*a0,1
    2?@C QC@CKOSCMAMLQSKMKŠVGKMBCMVGE‘LGMBGKGLSGAMK?CJCT?ŽMB??JRGRSBCCOSCMBCQCKNCLFMBC,5+<9(5*,
    QMDPC BC K?LCGP? NPMNMPAGML?J "MLRSBM  ? OSCQRŽM GKNMPR?LRC PCJ?AGML?B?  ?JRGRSBC CK OSC CQQCQ BCAJ”LGMQ QŽM
    M@QCPT?BMQ NPGKCGPM ?GLB? LŽM DMG PCQNMLBGB? AMK AJ?PCX? "MK MQ KSGRMQ D?RMPCQ BGDCPCLRCQ  AMKM ?AJGK?RGX?ŽM 
    ?JRGRSBC L”TCJBCRPCGL?KCLRMCBCK?LB?QBMQRCQRCQ CVGQRCSK?JRMEP?SBCT?PG?@GJGB?BC3MB?TG? ?QCTGB‘LAG?QL?K?GMP
    N?PRC B?Q TCXCQ KMQRP?K OSC MQ BCAJ”LGMQ AMKC?K ? ACPA? BC  K  AMK BCAPCKCLRMQ CQRGK?BMQ BC  ?  LM
    AMLQSKM KŠVGKM BC MVGE‘LGM . ?JRM EP?S BC T?PG?ŽM PCTCJ? OSC KSGRMQ D?RMPCQ AMLRPG@SCK N?P? ? NCPB? BC NMR‘LAG?
    ?CP™@G?BCAMPPCLRCB?FGNMVG?

    (6$%e.,615+(/1*.1%,0$(+(/$6e&4,61
    #CLRPC ?Q ?JRCP?CQ K?GQ LMRŠTCGQ NPMKMTGB?Q NCJ? CVNMQGŽM  ?JRGRSBC  AGR?KMQ M ?SKCLRM L?Q AMLACLRP?CQ BC
    FCKMEJM@GL?CFCK?R™APGRMLMQ?LESC-?QGRS?ŽM?ESB? GQQMMAMPPCBCTGBMBCQGBP?R?ŽMCAMLQCOSCLRCBGKGLSGŽMBM
    TMJSKCNJ?QKŠRGAMQ?LES”​LCM-MCLR?LRM AMK?CVNMQGŽMAPšLGA? CKKCLMQBCQCK?L?Q?NPMBSŽMBCFCKŠAG?QNCJ?
    KCBSJ? ™QQC? APCQAC C  PCQNMLQŠTCJ NCJ?Q CJCT?CQ BC FCKMEJM@GL? C FCK?R™APGRM GLRCEP?LRCQ BM NPMACQQM BC
    ?AJGK?RGX?ŽM !MVC   "MK ? CVNMQGŽM ?ESB?  ?JRGRSBC  MAMPPC  R?K@K  BCNCLB‘LAG? K?GMP BM KCR?@MJGQKM BM
    A?P@MGBP?RM  NPMBSXGLBM AMLACLRP?CQ K?GQ CJCT?B?Q BC J?AR?RM Q?LES”​LCM  NPGLAGN?J CVNJGA?ŽM N?P? GQQM  ? PCQNMQR?
    K?GQ?ACL​RS?B?B?QA?RCAMJ?KGL?Q?JRGRSBC K?GQCQNCAG¤A?KCLRCB??BPCL?JGL? ?OS?JNPMKMTCMSQMBCEJGAME‘LGM-?Q
    ?JRGRSBCQKMBCP?B?Q CLRPCR?LRM ?QNCQQM?Q?AJGK?RGX?B?QBCNCLBCKK?GQBMKCR?@MJGQKMBMJGN”BGMBSP?LRCMCVCPA”AGMBC
    GLRCLQGB?BCQS@KŠVGK?BMOSC?QLŽM?AJGK?RGX?B?Q

    ,4&  <
    758):)dc7-6<:-,7816/;)6/=h​6-7-<:-16)5-6<76))4<1<=,-

    .+6705.Q?LES”​LCMRCKQGBM?QQSLRMBCTŠPGMQCQA‹LB?JMQLMQCQNMPRCQBC,5+<9(5*,-MKCGMBM3MSPBC%P?LACBC
      M AGAJGQR? NPM¤QQGML?J JCV?LBCP 5GLMIMSPMT ?NPCQCLRMS RCQRC NMQGRGTM N?P? RP?LQDSQŽM BC Q?LESC 3CQRCQ
    QS@QCOSCLRCQ M JCT?P?K  ?NMQCLR?BMPG? NPCAMAC CK BCXCK@PM BC   ?NMQCLR?BMPG? BCQQC ?RJCR? MAMPPCS CK
    KCGM ? SK K?P BC AMLRPMTPQG?Q CK RMPLM B? NPMT? BC   OSC GLAJSCK KžJRGNJMQ RCQRCQ NMQGRGTMQ BC +6705.
    Q?LES”​LCMCSQMBCCPGRPMNMCRGL?$/. NMPAGAJGQR?QAMKM(@?L,?WM#GCX
    . +6705. Q?LES”​LCM MPGEGL?JKCLRC QC PCDCPC  NPŠRGA? BC GLDSQŽM BC CPGRP™AGRMQ LM AMPNM JESLQ ?RJCR?Q SQ?K M
    Q?LESCBCMSRP?QNCQQM?QAMKCQQ?¤L?JGB?BC CLOS?LRMMSRPMQPCKMTCKQS?QNP™NPG?QFCKŠAG?Q CQNCP?KMAMPNM
    PCASNC​P?P MQ L”TCGQ L?RSP?GQ C  BCNMGQ BGQQM  PCGLHCR?K ?Q AJSJ?Q PCKMTGB?Q ?LRCQ B? AMKNCRGŽM $QQC NPMACQQM
    ?SKCLR?RCKNMP?PG?KCLRCMLžKCPMBCFCKŠAG?QN?P?T?JMPCQ?AGK?BMQL?RSP?GQ
    4KKRMBMK?GQLMTMBC+6705.CLTMJTC?$/. SKFMPKšLGMEJGAMNPMRCGAMOSC​?RS?LMQNPCASPQMPCQL?KCBSJ?
    ™QQC?CQRGKSJ?LBM?NPMBSŽMBCFCKŠAG?Q $/.NPMBSXGB?NCJMQPGLQ LMA™PRCVPCL?J CKPCQNMQR??MQ@?GVMQ
    L”TCGQ BC MVGE‘LGM LM Q?LESC JESLQ ?RJCR?Q GLHCR?K $/. QGLRRGA? AMK M M@HCRGTM BC CQRGKSJ?P ? NPMBSŽM BC
    FCKŠAG?Q.SQMBC$/.NMBCCJCT?P?NPMNMPŽMBCFCKŠAG?QLMQ?LESCL”TCGQBCFCK?R™APGRM NMPMSKCQCQ
    .M@HCRGTMBM+6705.Q?LES”​LCM?SKCLR?P?OS?LRGB?BCBCCPGRP™AGRMQPGAMQCKDCPPMLMQ?LESC CJCT?ŽMB?
    AMLACLRP?ŽM BC FCKŠAG?Q ?SKCLR? ? A?N?AGB?BC BC RP?LQNMPRC BC MVGE‘LGM BM Q?LESC  ? NMR‘LAG? ?CP™@G? C ?
    A?N?AGB?BCBMQGQRCK?BCPCQNGP?ŽM?CP™@G?BCDMPLCACPCLCPEG?-”TCGQCJCT?BMQBCFCKŠAG?QRMPL?KMQ?LESCK?GQ
    C¤AGCLRCLMK?LCHMBMQPCn”_ SMQKCJFMP?B?A?N?AGB?BCBCR?KNŽM ??ACLoS?P?A?NR?ŽMKŠVGK?BCRP?LQNMPRCBC
    MVGE‘LGM5.KŠV C?NPGKMP?P?A?N?AGB?BCBMAMPNMBCPCESJ?PRCKNCP?RSP?RCPKMPPCESJ?ŽM ?LRCMAPCQAGKCLRM
    N?P?JCJMBMTMJSKCQ?LES”​LCMRMR?J)ŠOSCM+6705.Q?LES”​LCM?SVGJG?MR?KNML?KCLRMBMŠAGBMJŠARGAM CJCR?K@K
    žRGJL?PCASNC​P?ŽMBMBCQCKNCLFM?CP™@GMCQNMPRGTM
    . +6705.  LM CLR?LRM  R?K@K CLTMJTC PGQAMQ  MQ OS?GQ GLAJSCK ?SKCLRM B? TGQAMQGB?BC BM Q?LESC ?JK BM
    LMPK?J0S?LBM?TGQAMQGB?BCCV?ECP?B? ?AGPASJ?ŽMRMPL? QCBGD”AGJCQM@PCA?PPCE?MAMP?ŽM MOSCNMBCA?SQ?P
    BGKGLSGŽM B? BGQNMLG@GJGB?BC BC MVGE‘LGM C BM 5. KŠV KMPRC Qž@GR? BCAMPPCLRC B? DPC​OS‘LAG? A?PB”?​A?
    GL?BCOS?B?  CK ECP?J BSP?LRC M QMLM NPMBSŽM BC ?LRGAMPNMQ AMLRP? ? $/.  OSC PCBSX ? NPMBSŽM BC FCKŠAG?Q
    DMPK?ŽMBCAMŠ​ESJMQQ?LES”​LCMQ GLD?PRMA?PB”?​AMC?AGBCLRC​T?QASJ?PCLACDŠJGAMMSGLQS¤AG‘L ^G?PCL?J2SQNCGR? QC
    OSC M +6705. QCH? ? A?SQ? B? KMPRC BC TŠPGMQ ?RJCR?Q BC CJGRC LMQ žJRGKMQ ?LMQ  MQ OS?GQ  QM@ MSRPMQ ?QNCARMQ  QC
    KMQRP?T?KQ?SBŠTCGQ
    .+6705.Q?LES”​LCMR?K@KCLTMJTCSKNPMACQQMGLAMLTCLGCLRC ?PCKMŽMCQS@QCOSCLRCPCGLDSQŽMB?QFCKŠAG?Q
    OSC NPMKMTC ? BGKGLSGŽM RCKNMPŠPG? B? 5. KŠV BCAMPPCLRC BM CDCGRM ?L‘KGAM A?SQ?BM NCJ? PCKMŽM B?Q
    FCKŠAG?Q2CSK?RJCR?LŽMNPMEP?K??GLDSQŽMBCK?LCGP?AMPPCR? CJCNMBCNCPK?LCACPCKCQR?BMBC?LCKG?MS
    AMLQR?R?P OSC ?Q FCKŠAG?Q LŽM CQRŽM K?GQ MNCP?AGML?GQ . KMKCLRM ?BCOS?BM BM NPMACQQM PCOSCP NJ?LCH?KCLRM
    ASGB?BMQMC KSGR?QTCXCQ COSGN?KCLRMQQM¤QRGA?BMQ.+6705.R?K@KCVCPACCDCGRMQRP?LQGR™PGMQC NMPGQQM BCTC
    QCPNPMEP?K?BMN?P?NCPRMBMCTCLRMMSBCTCQCPDCGRMCK@?QCAML​R”​LS? CV?ACP@?LBMMQPGQAMQN?P??Q?ž​BC2CSQ
    CDCGRMQQM@PCMQ?RJCR?Q?L?CP™@GMQQŽMK”LGKMQCMQASQRMQCNPMACBGKCLRMQNCPKGRCKQCSSQMNPŠRGAM?NCL?QCLRPC
    MQ ?RJCR?Q BC ,5+<9(5*, BC CJGRC . +6705. Q?LES”​LCM BC RMBMQ MQ RGNMQ  BCRCARŠTCJ NMP CV?KCQ A?B? TCX K?GQ
    QM¤QRGA?BMQ
    $K@MP? M +6705. Q?LES”​LCM KMBCPLM CLTMJT? PGQAMQ QGELG¤A?RGTMQ R?LRM N?P? ? Q?ž_ C OS?LRM N?P? ? A?PPCGP? BM
    ?RJCR? OS?LBMBCRCAR?BM RCKSK?MPGECKP?XM?TCJKCLRCFSKGJBCOSCMDCPCACMNCQBCRPCGL?KCLRMKSGRMK?GQ
    QCESP?QCRGA?QMRPCGL?KCLRML??JRGRSBC
    -?Q ?JRGRSBCQ K?GQ ?JR?Q  ? NPCQQŽM N?PAG?J BC MVGE‘LGM  KCLMP  BGQNMLG@GJGX?LBM KCLMQ MVGE‘LGM N?P? A?B?
    GLASPQŽMPCQNGP?R™PG?#SP?LRC??AJGK?RGX?ŽM MAMPNMNCPAC@C?PCBSŽMB?AMLACLRP?ŽMBCMVGE‘LGMLMQ?LESC
    CQRGKSJ?LBM ? JG@CP?ŽM BC $/.  OS?LRGB?BC BC T?QMQ Q?LES”​LCMQ NCOSCLMQ A?NGJ?PCQ  APCQAC N?P? ?HSB?P ?
    BGQRPG@SGP M MVGE‘LGM Q ¤@P?Q h SQASJ?mCQ R?K@K QC ?B?NR?K BC KMBM ? NCPKGRGP M ?NPGKMP?KCLRM BM
    BCQCKNCLFM GLAJSGLBM?CVRP?ŽMBCMVGE‘LGMK?GQ?ACL​RS?B?
    .Q?JNGLGQR?QQCQS@KCRCK?AJGK?RGX?ŽMOS?LBMN?P?KCK?A?KN?KCLRMQ?MQS@GPSK?KMLR?LF??JR? AMKMM
    ,MLRC$TCPCQR$QQCQNCP”M​BMQBCCQNCP?NMQQG@GJGR?K?MQ?JNGLGQR?QCTGR?P?BMCL​?B??JRGRSBCC?NMQQ”TCJKMPRC
    AMLQCOSCLRC?QACLQŽMKSGRMPŠNGB?%MGNMQRSJ?BMOSCMQ?RJCR?QOSCQCCVNCK?ACLŠPGMQBC?AJGK?RGX?ŽMKCLMQ
    BPŠQRGAMQNMBCKM@RCPMQKCQKMQCDCGRMQBMQ?JNGLGQR?Q KCJFMP?LBM BCQQCKMBM MBCQCKNCLFM
    0S?LBMMRPCGL?KCLRML??JRGRSBCNJ?LCH?BM ?QKCQK?QNPCMASN?CQOSC?¥GECKMQ?JNGLGQR?QQŽMJCT?B?QCK
    AMLQGBCP?ŽM QGKNJCQCVNMQGŽMBM?RJCR???JRGRSBCQCVACQQGT?KCLRC?JR?QNMBCA?SQ?PBCRPGKCLRMQQS@QR?LAG?GQLM
    BCQCKNCLFM$K?JRGRSBCQCJCT?B?Q MQ?RJCR?QLŽMAMLQCESCK?RGLEGP?GLRCLQGB?BCR”NGA?BMCVCPA”AGM JCT?LBM?M
    BCAJ”LGMBMAMLBGAGML?KCLRM ?JRGRSBCCVACQQGT?A?SQ??BMCL​?B??JRGRSBCCQM@PCA?PPCE??PCQNGP?ŽM PCR?PB?LBM
    M NPMEPCQQM BM RPCGL?KCLRM  ​KSQASJ?RSP? R?K@K AMKC? ? BCEP?B?P  QM@PCRSBM ?JK BC  K  C ?Q
    BCQT?LR?ECLQ BM RPCGL?KCLRM LCQQ?Q ?JRGRSBCQ AMLRP?@?J?LACG?K QGELG¤A?RGT?KCLRC MQ @CLCD”AGMQ -M CLR?LRM
    OS?LBM L”TCGQ QCLQ”TCGQ BC ?JRGRSBC C RALGA?Q ?NPMNPG?B?Q BC RPCGL?KCLRM QŽM SQ?BMQ  CQQ?Q OSCQRCQ LŽM QŽM
    NPCMASN?LRCQ
    $K@MP? MQ PCQSJR?BMQ B?Q NCQOSGQ?Q GLGAG?GQ CK RPCGL?KCLRM L? ?JRGRSBC QCH?K BGTCPQMQ  CQRSBMQ PCACLRCQ OSC
    GLAJS”​P?K?JRGRSBCQKCLMPCQKMQRP?P?K QCNPMKGQQMPCQ"MK@?QCLCQQ?NCQOSGQ? QSECPC QCOSCMQ?RJCR?QPCQGB?K
    L? ?JRGRSBC K?GQ ?JR? CK SK CQRSBM   K  C  ?M KCQKM RCKNM  RPCGLCK L? ?JRGRSBC K?GQ @?GV?  K  .
    RPCGL?KCLRML??JRGRSBCK?GQ@?GV?NCPKGRC?MQ?RJCR?QQSQRCLR?PBCRCPKGL?BML”TCJBCCQDMPMOSCLŽMNMQQ”TCJCK
    ?JRGRSBCQK?GQ?JR?Q"MKGQQM CTGR? QCMCDCGRMBCBCQRPCGL?KCLRMBM@?GVMRPCGL?KCLRML??JRGRSBCK?GQ?JR?$QQC
    CQRGJM YKMPC LM ?JRM C RPCGLC LM @?GVM^ ?SKCLR? M TMJSKC BC K?QQ? BC FCKŠAG?Q CK ACPA? BC   M OSC 
    AMKN?PŠTCJ?MQCDCGRMQB?GLDSQŽMBGPCR?BCCPGRP™AGRMQ
    . RPCGL?KCLRM L? ?JRGRSBC L?RSP?JKCLRC ?SKCLR? ? AMLR?ECK BC FCKŠAG?Q ? SK L”TCJ QCESPM C AMKN?PŠTCJ ?M
    +6705.Q?LES”​LCM ?MKCQKMRCKNMOSCCTGR??QAMKNJGA?CQ ?QNPCMASN?CQAMK?Q?ž​BCC?QNMQQ”TCGQPCQNMQR?Q
    Q?LES”​LC?Q?LMPK?GQ?QQMAG?B?Q?MQKRMBMQK?GQBPŠQRGAMQBC+6705. BCOS?B?KCLRCPC?​JG​X?BM MRPCGL?KCLRML?
    ?JRGRSBCMDCPCACSK??JRCPL?RGT?QCESP?CNPŠRGA?BC+6705.Q?LES”​LCM ?OS?JQCRP?BSXCKKCJFMP?QLMBCQCKNCLFM
    BMQ?RJCR?QBC,5+<9(5*,

    15@A>-?A31>50-
    QQMAG?RCB /PCQQ *?X?IF AWAJGQR JCV?LBPC 5GLMIMSPMT PCNMPRCBJW PCRGPGLE ?DRCP PCACGTGLE BMNGLE @?L 42  3MB?W   #CA
    
    !MWCP2)6CGEFRJMQQ?LBAF?LECQGL@MBWAMKNMQGRGML?RFGEF?JRGRSBC) NNJ/FWQGMJZ
    "?XXMJ?,%SPRFCPAMLACPLQ?@MSRRFCKCBGA?JPGQIQMD@JMMBBMNGLE'?CK?RMJMEGA?
    '?AICRR/''GEF ?JRGRSBCGJJLCQQ-$LEJ),CBZ
    'MJBCL,#MNGLELCUQSNB?RC"WAJGLE/MQR )?L
    )CJIK?LL6$PWRFPMNMGCRGLQRPSARSPC AMLRPMJMDNPMBSARGML ?LBDSLARGML/FWQGMJ1CTZ
    )MLCQ,!JMMBBMNGLEc?JGRCP?RSPCPCTGCU!P)2NMPRQ,CBZ
    +CTGLC !#  2RP?W &SLBCPQCL ) Y+GTGLE FGEF RP?GLGLE JMU^ CDDCAR MD KMBCP?RC ?JRGRSBC ?AAJGK?RGX?RGML UGRF JMU ?JRGRSBC
    RP?GLGLEMLNCPDMPK?LAC) NNJ/FWQGMJZ
    -M?ICQ3#3?GLRCBEJMPW BMNGLE?LB?RFJCRGANCPDMPK?LAC-$LEJ),CBZ
    2KGRF2+!JMMB@MMQRGLE!P)2NMPRQ,CBZ
    3CPP?BMQ - $DDCARQ MD RP?GLGLE ?R QGKSJ?RCB ?JRGRSBC ML NCPDMPK?LAC ?LB KSQAJC KCR?@MJGA A?N?AGRW GL AMKNCRGRGTC PM?B
    AWAJGQRQ$SP) NNJ/FWQGMJZ
    4L?J,&CLCBMNGLEGLQNMPRQ2NMPRQ,CBZ

    v GKNMPR?LRC JCK@P?P OSC ? K?ELGRSBC B?Q PCQNMQR?Q  NPMNMPAGML?J  ?JRGRSBC ? OSC QC CQRŠ CVNMQRM 0 ,  ?JRGRSBC
    KMBCP?B? ? ?JR? MS NP?RGA?P CVCPA”AGMQ LM .JWKNGA 3P?GLGLE "CLRCP CK "MJMP?BM 2NPGLEQ  ".  CK AMKN?P?ŽM AMK M
    RMNMBM/GICQ/C?I ".  QPCQNMQR?Q@ŠQGA?QC?ESB?QFGNMVG?B??JRGRSBCQŽM?QQCESGLRCQ
     DPC​OS‘LAG?A?PB”?​A?C?TCLRGJ?ŽMQCGLRCLQG¤A?KCKPCQNMQR?/.KCLMPNCPAC@GB?NCJMQOSGKGMPPCACNRMPCQ
     BGDSQŽMNSJKML?PK?LRGB?
     .RP?LQNMPRCBCMVGE‘LGMPCBSXGBMBCTGBMQ?RSP?ŽMK?GQ@?GV?BCFCKMEJM@GL?AMKMMVGE‘LGM
     .TMJSKCAMPPCLRCTCLRGJ?R™PGM?SKCLR?CKPCNMSQMC?DPC​OS‘LAG?PCQNGP?R™PG??ACJCP?B?AMK??RGTGB?BCC?JRGRSBCQ
    K?GQ?JR?Q
     GLRCLQG¤A?ŽMB?PCQNGP?ŽMPCBSX?/".Q?LES”​LC?C?SKCLR?MN'BMQ?LESCN?P??AGK?BC 
     $QQC ?SKCLRM BM N' PCQSJR? CK ?JA?JMQC PCQNGP?R™PG?  M OSC D?X AMK OSC ? ASPT? BC Q?RSP?ŽM B? MVG FCKMEJM@GL?
    BCQTGCN?P??CQOSCPB?C?HSBC?K?LRCP?TCLRGJ?ŽMLMQJGKGRCQRMJCPŠTCGQ
     . BCQTGM B? ASPT? BC Q?RSP?ŽM B? MVG FCKMEJM@GL? N?P? ? CQOSCPB? NCPKGRC OSC K?GMP OS?LRGB?BC BC MVGE‘LGM QC
    JGESCFCKMEJM@GL?N?P??HSB?P?AMKNCLQ?P?/.@?GV?
     (LGAG?JKCLRC M?SKCLRMB?DPC​OS‘LAG?A?PB”?​A?AMKNCLQ??BGKGLSGŽMBMTMJSKCQGQR™JGAMCFŠK?GMPBCNCLB‘LAG?B?
    EJGA™JGQC?L?CP™@G?CKA?PE?QQS@KŠVGK?QBCRP?@?JFM
     $KAMKN?P?ŽMAMKML”TCJBMK?P MCVCPA”AGMQS@KŠVGKML??JRGRSBCCTMA?DPC​OS‘LAG?A?PB”?​A?CTMJSKCQGQR™JGAM
    KCLMPCQ  NPMBSXGLBM BCAPCKCLRMQ LM B@GRM A?PB”?​AM C AMLQSKM BC MVGE‘LGM  M OSC  NMP QS? TCX  NPCHSBGA? M
    BCQCKNCLFMLMQCTCLRMQBC,5+<9(5*,

    )6DA@DE2D5@56D6>A6?9@
    -CKRMB?Q?Q?JRGRSBCQ?KC?​?KBCK?LCGP?QGKGJ?PMBCQCKNCLFMD”QGAM RKCQKMSKN?QQMLM?JRMBM,MLRC$TCPCQR
    K BP?K?RGA?KCLRCBGDCPCLRCBCAMPPCPSK?AMPPGB?*96::*6<5;9@CK+?P?KGC 68 ?K,?GQSK?TCX GQQM
    BCAMPPCB?QEP?LBCQBGDCPCL?QBC/.#CD?RM ?K?GMPG?B?QAMKNCRGCQ?RJRGA?QMAMPPCCK?JRGRSBCQKMBCP?B?QCMQ
    BCQ?¤MQ GKNMQRMQ NMP CQQ? ?JRGRSBC QŽM SK? PC?JGB?BC N?P? KSGRMQ ?RJCR?Q C COSGNCQ RMBMQ MQ ?LMQ $K ECP?J  ?NCL?Q
    ?JNGLGQR?Q CQOSG?BMPCQCCLRSQG?QR?QBC:56>​)6(9+QCBCN?P?KAMK?JRGRSBCQK?GQCJCT?B?Q

    (5(/2(0+1)b5,&1'(&746$'74$_^1
    ,SGRMQPCAMPBCQKSLBG?GQCMJ”KNGAMQDMP?KCQR?@CJCAGBMQLMQ)MEMQ.J”KNGAMQB?"GB?BCBM,VGAMCKCK:7905;:
    CQ?JRMQ @CKAMKML?L?R?ŽM?RK#CNPMLRM APGMS QCMKGRMBCOSCMY?P¤LM^SKRCPKMNMNSJ?POSCQCPCDCPC
    @?GV? NPCQQŽM N?PAG?J BC MVGE‘LGM BM ?P AMK ? CJCT?ŽM B? ?JRGRSBC  MDCPCAC T?LR?ECLQ Q ?RGTGB?BCQ ?CP™@G?Q  BCQBC ?
    PC@?RGB?LM@CGQC@MJ?M:7905;2CSKCQNMPRCMS?RGTGB?BCLŽMBCNCLBCBMKCR?@MJGQKM?CP™@GM MQCDCGRMQB??JRGRSBCQŽM
    K”LGKMQ $LRPCR?LRM  QC ? NCQQM? QCLRGP CLHMM MS QC QCLRGP YGLRGKGB?B?^ MS YCQRGKSJ?B?^ Q™ BC NCLQ?P LM JMA?J B?
    AMKNCRGŽM MBCQCKNCLFMNMBCQCP?DCR?BM/CLQCLGQQMHME?BMPCQBC@CGQC@MJK?JAMLQCESCKCQNCP?PN?P?PC@?RCPLM
    "MMPQ%GCJB CK#CLTCP CMQ20*2,9:B?-%+K?JAMLQCESCKCQNCP?PN?P?B?PQCSQAFSRCQLMCQRŠEGMBM#CLTCP!PMLAMQ
    (-5$2". %GCJB ?R ,GJC 'GEF  BCTGBM Q T?LR?ECLQ AMLFCAGB?Q B? ?JRGRSBC "MLRP?PG?KCLRC  MQ HME?BMPCQ PCOSCPCK
    R?LOSCQBCMVGE‘LGMCQCOSCGV?KBCNPM@JCK?QOS?LBM​?RS?KCK?JRGRSBCQBCK QQGK CK@MP?MY?P¤LM^NMQQ?
    CVCPACP ?JESK? GL​¥S‘L^G?  ? NPCN?P?ŽM  M DMAM C MSRPMQ D?RMPCQ NQGAMJ™EGAMQ R?K@K NMBCK AMLRPG@SGP N?P? MQ
    BCQCKNCLFMQ D”QGAMQ BC ASPR? BSP?ŽM JK BGQQM  KSGR?Q NGQR?Q BC ?RJCRGQKM C NGQAGL?Q CQRŽM QG​RS?​B?Q CK ?JRGRSBCQ
    QGKGJ?PCQB?"GB?BCBM,VGAMCKJMA?GQBCAMKNCRGCQCQAMJ?PCQ SLGTCPQGRŠPG?QCNPM¤QQGML?GQ CLCLFSKBMQPCAMPBCQ
    CQR?@CJCAGBMQ LCQQCQ CTCLRMQ  JGKGR?BM ? CQQCQ JMA?GQ ,SGRMQ CQNMPRCQ ?L?CP™@GMQ C BC NMR‘LAG? OSC CLTMJTCK AMPPGB?
    Q?JRMQ C ?PPCKCQQMQ NCPKGRCK PCNMSQM ?BCOS?BM CLRPC MQ CQDMPMQ  M OSC PCQSJR? CK NCOSCL? BCNCLB‘LAG? BM QGQRCK?
    ?CP™@GM-CQQCQCTCLRMQ MQCDCGRMQLCE?RGTMQQM@PCMBCQCKNCLFMQŽMKGLGKGX?BMQ

    6D6>A6?9@7{D:4@56=@?825FC2wv@
    /CPMLLCR ,; (3 KMQRP?P?K OSC  OS?LBM QC AMKNCRC L? ?JRGRSBC BC ACPA? BC  K  ? TCJMAGB?BC  BP?K?RGA?KCLRC
    PCBSXGB?LMQCTCLRMQBCAMPPGB?OSCBCQR?A?K?PCQGQR‘LAG?A?PBGMT?QASJ?P2CLBM?QQGK KSGRMQRPCGL?BMPCQCLRCLBCP?K
    OSC??JRGRSBCSKNPM@JCK?N?P?MQCTCLRMQBCJMLE?BGQR‹LAG?CN?P??OSCJCQOSCBCNCLBCKBMKCR?@MJGQKM?CP™@GM
    &P?LBCN?PRCB?A?N?AGB?BCBCRP?LQNMPRCBCMVGE‘LGM?NPGKMP?B?NCJ?CVNMQGŽM?JRGRSBCNCV ?AMLACLRP?ŽMBC
    FCKMEJM@GL? ?SKCLR?  $QQC D?RM NCPKGRGS M BCQCLTMJTGKCLRM BC AMLACGRMQ BC RPCGL?KCLRM L? ?JRGRSBC N?P? ?RJCR?Q BC
    ,5+<9(5*,AMKMMYKMPCLM?JRMCRPCGLCLM@?GVM^ BCK?LCGP?OSC?Q?B?NR?CQAMLQCESGB?QAMK?PCQGB‘LAG?L??JRGRSBC
    CJCT?B?DMPLCACKT?LR?ECLQN?P?MBCQCKNCLFM?ML”TCJBMK?P  %GESP?KMQRP?MQCDCGRMQRC™​PGAMQB??JRGRSBC
    QM@PCMQBCQCKNCLFMQL?AMPPGB?

    86DA0
     4B4<?4=7>B=02>AA830?A4E8BC>B4<3854A4=C4B0;C8CD34B>;JN;>;=IGJ?LGCMMŠI>;G?LC=;H
    -BSMCIFIAC=;F 0I=C?NS  +IM ?P?HNIM >? =ILLC>;
     =IG I ;OG?HNI >; >CMN‡H=C; >; =ILLC>;
     IM ?@?CNIM H?A;NCPIM >;
    ;FNCNO>? MI<L? ; P?FI=C>;>? MŠI G;CIL?M  +I ?HN;HNI
     HIM  =OLNIM
     Œ JIMMP?F I<M?LP;L >?M?GJ?HBIM
    G?FBIL?MH;;FNCNO>? *CFB; G
    ! 

    AC6DDv@A2C4:2=56@I:8y?:@C65FJ:525@2C?22=E:EF5642FD2:>A24E@D?@56D6>A6?9@
    5:>:?F:wv@52AC6DDv@A2C4:2=56@I:8y?:@C65FJ242A24:52565@@I:8y?:@5649682C2@DE64:5@D4@CA@C2:D
    6IA@D:wv@u2=E:EF56C6DF=E26>GsC:@D2;FDE6DLD:@=8:4@D?2E6?E2E:G256>2?E6C29@>6@DE2D6
    FC2?E6 @ 6I6C4{4:@ ?2 2=E:EF56 E2?E@ @ G@=F>6 G6?E:=2EC:@ BF2?E@ 2 7C6​BFy?4:2 A@56> 2F>6?E2C A2C2 724:=:E2C 2 >2:@C
    5:DA@?:3:=:525656@I:8y?:@
    $22=E:EF569s5:>:?F:wv@5@4@?DF>@>sI:>@56@I:8y?:@5x3:E@42C5{2​4@7C6​BFy?4:242C5{2​42>sI:>26G@=F>6D:DE=:4@
    6IA@D:wv@u2=E:EF56AC@>@G626=6G2wv@524@?46?EC2wv@5696>@8=@3:?2696>2E4C:E@?@D2?8F6
    %D56D6>A6?9@D7{D:4@D564FCE25FC2wv@?v@Dv@AC6;F5:425@D6A@56>D636?6L4:2C522=E:EF5656G:5@2@K2CL?@Q
    %D 56D6>A6?9@D 7{D:4@D 56 =@?82 5FC2wv@ 6DA64:L42>6?E6 @D BF6 56A6?56> 5@ >6E23@=:D>@ 26C3:@ Dv@ AC6;F5:425@D A6=2
    2=E:EF56

    4(2$4$_^12$4$$&1/2(6,_^10$$.6,67'(
    JKB?QYGLHCCQ^ AMKNCRGPMSQCBGTCPRGPL??JRGRSBCKMBCP?B???JR?PCOSCP QGK ?JESK?NPCN?P?ŽMN?P?KGLGKGX?P
    OS?GQOSCPCDCGRMQLCE?RGTMQ$KECP?J GQQMQGELG¤A?OSCNPCAGQMM@RCPBCRCPKGL?BML”TCJBC?AJGK?RGX?ŽMMS?AJGK?ŽM
    ?JRGRSBCL?OS?J?AMKNCRGŽMMSPCAPC?ŽMGPŠ?AMLRCACP/?P??JRGRSBCQKMBCP?B?Q ?QCQRP?REG?QR”NGA?QCLTMJTCKAFCE?B?
    ?MJMA?JQCK?L??LRCQBMCTCLRMMSQS@GP AMKNCRGPC CKQCESGB? GPCK@MP?JMEM?N™Q?AMKNCRGŽM?¤KBCKGLGKGX?P
    ?CVNMQGŽM?JRGRSBCCLŽMNCPKGRGPOSCMQCDCGRMQAMJ?RCP?GQLCE?RGTMQB??JRGRSBCQCK?LGDCQRCK/?P??JRGRSBCQK?GQ?JR?Q
    ?RŠRGA?BCNCPKGRGP??AJGK?RGX?ŽMEP?B?RGT??JRGRSBCKMBCP?B?RCKQGBMSQ?B?AMKQSACQQM

    1(0_$'$$.6,67'(
    BMCL​?B??JRGRSBC A?SQ?B?NCJ?PCBSŽMB?/. K?GQAMKSKCK?JRGRSBCQK?GQCJCT?B?QBMOSCCK@?GV?Q CSK?
    AMLBGŽMN?RMJ™EGA?OSCKSGR?QTCXCQPCOSCP?RCLŽMKBGA? BMCL​?B??JRGRSBC?ESB? R?K@KAMLFCAGB?AMKM=1<
    17E4?41C=?>D1>81C## CQNCAG?JKCLRCNPCMASN?LRC NMGQNMBCA?SQ?PCBCK?NSJKML?P!MVC  JKBGQQM
    NMBCNPMEPCBGPN?P?CBCK?ACPC@P?JB?QEP?LBCQ?JRGRSBCQ$"& OSC?GLB?K?GQNMRCLAG?JKCLRCD?R?JCPCOSCP?RCLŽM
    KBGA?GKCBG?R?.RP?R?KCLRMGLAJSGPCNMSQMCPCKMŽMB??JRGRSBC!MVC 
    BCQGBP?R?ŽMR?K@KNMBCJCT?P?MBG?EL™QRGAMCPP?BMBCBMCL​?B??JRGRSBC C?GLECQRŽMF”BPGA?SKD?RMPTGR?JLM
    ?SV”JGM?M?HSQRC?BCOS?BM?JRGRSBC,SGR?QTCXCQ ?BPME??ACR?XMJ?KGB?RCKQGBMCDCRGT?L?NPCTCLŽMB?K?GMPG?BMQ
    CDCGRMQAMJ?RCP?GQ

    ,4&  ;
    )4)/=,7,)576<)60)
    1B<# #1B5C8&8)#
    96-,::69(5+,7(9;4,5;,(+
    <4(5,9-694(5*,()69(;69@
    ,7(9;4,5;6-05,:0636.@
    "50=,9:0;@6-655,*;0*<;
    ;699:!

    #MQTŠPGMQRGNMQBC?DCACQMA?QGML?B?QNCJ??JRGRSBC MK?J?ESBMB?KMLR?LF?, , MK?GQAMKSK., ,


    NCPQGQRCNMP?BG?QCAMKNPCCLBCSK?AMJCŽMBCQGLRMK?Q@CKPCAMLFCAGBMQOSCNMBC?DCR?POS?JOSCPSKOSC
    TG?HC P?NGB?KCLRC BC ​ŠPC?Q K?GQ @?GV?Q N?P? K?GQ CJCT?B?Q QM@PCRSBM ?AGK? BC  K  .Q QGLRMK?Q K?GQ
    PCAMLFCAGBMQQŽMACD?JCG? LŠS​QC?Q DP?OSCX? NCPB?BC?NCRGRCCPCQNGP?ŽMQSNCP¤AG?J?MCQDMPM.QSPEGKCLRMBMQ
    QGLRMK?Q NMBC MAMPPCP CK KGLSRMQ MS FMP?Q ECP?JKCLRC  ?  F  ?N™Q ? AFCE?B?  C ? GLAGB‘LAG? C EP?TGB?BC
    BCNCLBCKB??JRGRSBCCB?TCJMAGB?BCAMKOSCQCTG?H?N?P???JRGRSBC(LRCPCQQ?LRCKCLRC ?QSQACRG@GJGB?BCB?NCQQM?
    ?M , , LŽM NMBC QCP NPCTGQR? NCJ?Q KCBGB?Q M@RGB?Q L?Q @?GV?Q ?JRGRSBCQ  NMPK ? FGQR™PG? NPTG? BC , ,  M
    KCJFMPD?RMPBCNPCTGQŽMBCDSRSP?QMAMPP‘LAG?Q,CSGLRCPCQQCLM, ,AMKCMSOS?LBMKCKSBCGBC/GRRQ@SPEF
    / N?P?+?P?KGC 68 AMKMCQRSB?LRCBCEP?BS?ŽM$SR?K@KCP?AMPPCBMPBCBGQR‹LAG?L?NMA?CNCLQ?T?OSC
    ?KSB?L?B?@?GV??JRGRSBCN?P?K@CLC¤AG?PG?KCSRPCGL?KCLRMCBCQCKNCLFM
    $P? ™@TGM OSC MQ LŽM L?RGTMQ OSC TG?H?T?K N?P? +?P?KGC ?NPCQCLR?T?K MQ CDCGRMQ BCQQ? ?JRGRSBC KMBCP?B? L?
    DMPK? BC , , #SP?LRC MQ KCQCQ BC TCPŽM  NMP CVCKNJM  CP? KSGRM AMKSK OSC ?Q NCQQM?Q OSC N?QQ?T?K NMP
    +?P?KGCNCJ?CQRP?B?GLRCPCQR?BS?JN?P?QQCKL?CKCPE‘LAG?BMFMQNGR?JJMA?JAMKQGLRMK?QBCACD?JCG? DP?OSCX?C
    PCQNGP?ŽM ASPR? 4K TCPŽM  ?N™Q AMPPCP ? /GICQ /C?I ,?P?RFML  N?QQCG TŠPGMQ BG?Q LM NGAM RP?@?JF?LBM AMK
    NCQOSGQ?BMPCQ B? BGTGQŽM BC ?JRGRSBC BM 42 PKW 1CQC?PAF (LQRGRSRC MD $LTGPMLKCLR?J ,CBGAGLC $QQC NPMHCRM
    CLTMJTG?L?RGTMQBC@?GV?Q?JRGRSBCQOSCTG?H?T?K?MJMLEMB?LMGRCBC,?QQ?AFSQCRRQ?RMRMNMBM/GAM/GIC ".
     K  .Q QGLRMK?Q BC , , MAMPPG?K AMK KSGR? P?NGBCX LCQQC EPSNM C NCPK?LCAG?K EP?TCQ BSP?LRC ?Q
    NPGKCGP?Q  ?  F (LOSCQRGML?TCJKCLRC  ? ACD?JCG?  KSGR?Q TCXCQ ?AMKN?LF?B? BC TšKGRMQ  CP? M QGLRMK? K?GQ
    DMPRC COS?QCRMBMQMQGL​BG​T”​BSMQPCJ?R?P?KNPMDSLB?QBG¤ASJB?BCQN?P?BMPKGP
    #CLRPCMSRP?QCVNCPG‘LAG?Q CQQ?QM@QCPT?CQ?HSB?P?K?AMLACLRP?PKGLF??RCLŽMCKSKBMQ?QQSLRMQB?KGLF?
    RCQCBCBMSRMP?BM MNPGKCGPMCQRSBMOSCAMKN?P?T??QGLRMK?RMJMEG?BM, ,CKL?RGTMQBC@?GV??JRGRSBC-! C
    L?RGTMQ BC ?JRGRSBC  K  KMBCP?B? -,  P?NGB?KCLRC JCT?BMQ  ?JRGRSBC K?GQ CJCT?B?  K CK A‹K?P?
    FGNM@ŠPGA?  .Q BMGQ EPSNMQ BC GL​BG​T”​BSMQ AMKC?P?K ? PCJ?R?P MQ QGLRMK?Q BC , ,  F ?N™Q ? BCQAMKNPCQQŽM
    NMPKMQ-!BCQAPCTCP?KACD?JCG? LŠS​QC?QCTšKGRMQKSGRMK?GQEP?TCQ.NGAMBMQQGLRMK?QMAMPPCSBSP?LRC?Q
    NPGKCGP?QFLMQ-, AMLRSBMAML​RG​LS?P?K@?QR?LRCNPMDSLBMQ?MJMLEMBMQCESLBMBG?BCBCQAMKNPCQQŽMLMQ
    -!3MBMQMQ-,PCJ?R?P?K?SQ‘LAG?BCQGLRMK?QL?K?LFŽBMRCPACGPMBG? OS?LBMMRCQRCD”QGAMDMGPC?​JG​X?BM K?Q
    RMBMQMQ-!?GLB??NPCQCLR?T?KACD?JCG?QL?OSCJ?K?LFŽ4KBMQL?RGTMQBC@?GV??JRGRSBC CKN?P​RGASJ?P QMDPCSBC
    ACD?JCG?CTšKGRMQRŽMDMPRCQOSCDMGGLA?N?XBCD?XCPMRCQRC$JCPCJ?RMSAMKNJCR??SQ‘LAG?BMQQGLRMK?QFBCNMGQ
    BCBCGV?P?A‹K?P?
    .@TG?KCLRC   ? PCBSŽM B? NPCQQŽM N?PAG?J BC MVGE‘LGM OSC BCQCLA?BCG? MQ KCA?LGQKMQ B? TCLRGJ?ŽM
    T?QMAMLQRPGŽM C PCRCLŽM BC J”OSGBM OSC AMLRPG@SCK N?P? M N?P?BGEK? BM , , 2C LŽM KCJFMP?P  CBCK?
    NSJKML?P B? ?JR? ?JRGRSBC C $"&  NMBCK QC BCQCLTMJTCP AMLAMKGR?LRCKCLRC ?M , ,  MQ OS?GQ AMLQRGRSCK
    AMLBGCQNMRCLAG?JKCLRCD?R?GQ/?P??QNCQQM?QOSCTŽMN?P??JR?Q?JRGRSBCQ MNPMACQQMBC?QACLQŽMCQR?EG?B?AMK
    M@HCRGTMBCNPMKMTCP??AJGK?RGX?ŽM?JRGRSBCCKGLGKGX?PMCQDMPMD”QGAMQŽMMQKCJFMPCQKRMBMQBCPCBSŽMB?
    QSQACRG@GJGB?BC ?M , , -? ?SQ‘LAG? BC ?AJGK?RGX?ŽM  ? NPM¤J?VG? AMK ?ACR?XMJ?KGB?  SK GLG@GBMP B? ?LGBP?QC
    A?P@šLGA? NMBCQCP@?QR?LRCCDCRGT?L?PCBSŽMBMQQGLRMK?QBC, , NMPKQ?@C QCOSCNPCHSBGA?MBCQCKNCLFM
    D”QGAM QPCDCP‘LAG?Q?QCESGPDMPLCACKK?GQGLDMPK?CQQM@PCMQ?QQSLRMQ?OSG?NPCQCLR?BMQ

    15@A>-??A31>50-?
    ,?PCQF ",  *P?CKCP 6)  -M@JC !)  CR ?J $VCPAGQC PCQNMLQCQ ?DRCP QFMPR  ?LB JMLE RCPK PCQGBCLAC ?R   KCRCPQ TG?R
    2N?AC$LTGPML,CBZ
    ,?PCQF", *P?CKCP6) )SBCJQML# CR?J3FCCDDCARQMDFGEF?JRGRSBC?LBU?RCPBCNPGT?RGMLML 5/PCJC?QCGLK?L K
    )/FWQGMJ$LBMAPGLMJ,CR?@$Z$
    ,?PCQF ",  -M@JC !)  1M@CPRQML *+  CR ?J JBMQRCPMLC  AMPRGQMJ ?LB CJCARPMJWRC PCQNMLQCQ RM FWNM@?PGA FWNMVG? GL
    KMBCP?RC ?JRGRSBCL?RGTCQ TG?R2N?AC$LTGPML,CBZ
    ,SX? 21  %SJAM "2  "WKCPK?L  JRGRSBC AAJGK?RGX?RGML &SGBC 42 1($, 3CAFLGA?J 1CNMPR -M 3-Z -?RGAI
    , 3FCPK?J?LB,MSLR?GL,CBGAGLC#GTGQGML 42 PKW1CQC?PAF(LQRGRSRCMD$LTGPMLKCLR?J,CBGAGLC 

    ,4&  <
    !16)1;-;16<75);,),7-6​d),))4<1<=,-
    &5:-5?1?5:@;9-?31>-5?
    %?JR?BC?NCRGRC
    -ŠS​QC?Q
    5šKGRMQ
    %P?OSCX?CVACQQGT?
    3MLRSP?Q
    5CPRGECLQ
    (LQšLG?
    /?PCQRCQG?Q
    1CQNGP?ŽMASPR??MCQDMPM
    /SJQMPŠNGBMNCPQGQRCLRC
    2MLMJ‘LAG?
    ,?J CQR?PECLCP?JGX?BM
    $BCK?NCPGDPGAMCBCK?B?QKŽMQ NQCD?AC

    &5:@;9-?=A15:05/-90;1:​e-0--8@5@A01<;@1:/5-891:@12-@-8
    $BCK?NSJKML?PJ”OSGBMLMQNSJKCQ
    3MQQCQCA?NCPQGQRCLRC
    %C@PC
    1CQNGP?ŽM?@PCTG?B?KCQKMCKPCNMSQM
    $BCK?ACPC@P?JGLAF?MBMCLAD?JM
    "CD?JCG?OSCLŽMPCQNMLBC?MQPCKBGMQ
    /PM@JCK?QKMRMPCQAMK?BC?K@SJ?ŽM
    $V?ACP@?ŽMBMQTšKGRMQ
    /CPB?EP?B?RGT?B?AMLQAG‘L​AG?

    &.,/$6,:$_^1$&.,/$_^1
    3?LRM??AJGK?RGX?ŽMCVNMQGŽM?M?K@GCLRCL?RSP?J NMQQG@GJGR?B?NCJ?PCQGB‘LAG?CK"MJMP?BM2NPGLEQ ". OS?LRM?
    ?AJGK?ŽMCVNMQGŽM?M?K@GCLRC?PRG¤AG?J NCPKGRGB?NCJ?A‹K?P?FGNM@ŠPGA? AMLQCESCKNPMBSXGP@CLCD”AGMQBCASPRMC
    JMLEMNP?XMQ!MVC  ?AJGK?RGX?ŽM?AJGK?ŽM?ASPRMNP?XMA?P?ARCPGX?B?NCJ?CVNMQGŽM?JRGRSBCBCKCLMQBC
    ?LM2?@CKMQOSCKCQKMCKNCP”M​BMQK?GQASPRMQ BC?QCK?L?Q ?JRCP?CQGKNMPR?LRCQNMBCKMAMPPCPC AMKGQQM
    MQ?RJCR?QRGP?KT?LR?ECKBCQQ?Q?JRCP?CQL?NPCN?P?ŽMN?P??QAMKNCRGCQBC,5+<9(5*, ?AJGK?RGX?ŽM?AJGK?ŽM?
    JMLEMNP?XMRGNGA?KCLRCQCPCDCPCQNCQQM?QOSCKMP?P?KCK?JRGRSBCQNMPK?GQBC?LM-MCLR?LRM ?R?V?C?C¤AG‘L ^G?
    AMKOSC??AJGK?RGX?ŽM?JR??JRGRSBCMAMPPCLŽMQŽMSLGTCPQ?GQ#CSKJ?BM AMJMA?KMQ?QNCQQM?QL?QAGB?QCK?JRGRSBCQ
    KMBCP?B?Q ? ?JR?Q  MLBC KMP?P?K ? TGB? RMB? /MP RCPCK QGBM CVNMQRMQ  FGNMVG? BSP?LRC MQ ?LMQ BC APCQAGKCLRM C
    DMPK?ŽM CQQCQGL​BG​T”​BSMQN?QQ?KNCJ?Q?B?NR?CQ¤QGMJ™EGA?Q?BCOS?B?QBCK?LCGP?NCPK?LCLRC#MMSRPMJ?BM CQRŽM
    ?OSCJCQOSCAFCE?P?K?JRGRSBCHŠL?D?QC?BSJR? ?N™QMAPCQAGKCLRMCBCQCLTMJTGKCLRMLMPK?GQ.QQGQRCK?Q¤QGMJ™EGAMQ
    BCQQ?Q NCQQM?Q PCTCJ?K KCLMQ NJ?QRGAGB?BC  RMPL?LBM K?GQ BGD”AGJ N?P? MQ ?BSJRMQ QC ?B?NR?PCK RMR?J C P?NGB?KCLRC Q
    AMLBGCQFGN™VGA?QCFGNM@ŠPGA?QB?PCQGB‘LAG?L??JRGRSBC

    ,4& <
    a5):);,-0187@1)
    Q A‹K?P?Q BC FGNMVG?   QŽM DMLRCQ BC KSGR?Q AMLRPMTPQG?Q LM OSC BGX PCQNCGRM ? QC AMLQRGRSCK SK ?SV”JGM
    CPEME‘LGAMJCE?J?MQ?RJCR?Q SK?TCXOSC?JRCP?K?AMLACLRP?ŽMBCMVGE‘LGMBM?P QGKSJ?LBM??JRGRSBCNMPKCGM
    B? APG?ŽM BC SK ?K@GCLRC FGN™VGAM #GDCPCLRCKCLRC BM OSC MAMPPC L? ?JRGRSBC  LŽM FŠ ?JRCP?ŽM L? NPCQQŽM
    @?PMKRPGA? ?OS?JNMBCQCP?NCL?QAPG?B?AMKMSQMBCA‹K?P?QFGNM@ŠPGA?Q 
    QCESGP ?NPCQCLR?KMQ?QKSB?L?QOSCNMBCKQCPM@QCPT?B?QL??AJGK?RGX?ŽM?AJGK?ŽMBCASPRMCJMLEMNP?XMQ-M
    CLR?LRM BCTCKMQJCK@P?POSC?JESK?QT?​PGŠ​TCGQ ?MKCQKMRCKNMOSCQC?NCPDCGM?KBCK?LCGP?EP?​BS?JN?P?CLDPCLR?P
    ?Q GKNMQGCQ B? ?JR? ?JRGRSBC  LSLA? GPŽM DSLAGML?P BC KMBM RŽM GKNPCQQGML?LRC OS?LRM ?M L”TCJ BM K?P /MP CVCKNJM
    CK@MP? MQ BCAJ”LGMQ GLBSXGBMQ NCJ? ?JRGRSBC LM AMLQSKM KŠVGKM BC MVGE‘LGM C LM BCQCKNCLFM BC ,5+<9(5*, BC JMLE?
    BSP?ŽMQCH?K?RCLS?BMQBCK?LCGP?EP?B?RGT?CKPCQSJR?BM?AJGK?RGX?ŽM?AJGK?ŽM CQQ?QT?​PGŠ​TCGQ?GLB?QCPŽMNGMPCQ
    OS?LBM AMKN?P?B?Q LM BCQCKNCLFM ?M L”TCJ BM K?P JK BGQQM  ?Q KSB?L?Q QMDPGB?Q NCJM AMPNM QŽM ?JR?KCLRC
    BCNCLBCLRCQ B? ?JRGRSBC  C ? ?JRGRSBC KMBCP?B? NCPRSP@? ?Q CQRPSRSP?Q C DSLCQ AMPNMP?GQ KSGRM KCLMQ BM OSC ? ?JR?
    ?JRGRSBC/MPCVCKNJM QCK?L?QBCCVNMQGŽM?JR??JRGRSBCPCBSXCKMR?K?LFMC?DSLŽM​KSQASJ?P CDCGRMQOSCLŽMQŽM
    M@QCPT?BMQL??JRGRSBCKMBCP?B?

    548C>B02DAC>?A0H> 0B4<0=0B

    (LRCLQG¤A?ŽMB?TCLRGJ?ŽMNSJKML?PCKPCNMSQMCAMKMCVCPA”AGMCKAMKN?P?ŽMAMKML”TCJBMK?P
    ,?GMPJG@CP?ŽMBCCPGRPMNMCRGL?$/. NCJMQPGLQ MOSCCQRGKSJ??NPMBSŽMBCCPGRP™AGRMQ?T?JMPCQ?AGK?B?OSCJCQ
    ?ML”TCJBMK?P
    $JCT?ŽMB?AMLACLRP?ŽMBCFCKMEJM@GL?CKAMKN?P?ŽMAMKMQT?JMPCQ?ML”TCJBMK?P
    SKCLRMBMFCK?R™APGRMCKAMKN?P?ŽMAMKMQT?JMPCQ?ML”TCJBMK?P
    "PCQAGKCLRMBMTMJSKCNJ?QKŠRGAMCKAMKN?P?ŽMAMKMQT?JMPCQGLGAG?GQQM@PC?CVNMQGŽM?JRGRSBC ?GLB?OSC
    LŽMGES?J?MQT?JMPCQ?ML”TCJBMK?P

    548C>B0;>=6>?A0H> <4B4B

    SKCLRMB?BCLQGB?BCKGRMAMLBPG?JCKAMKN?P?ŽMAMKMQT?JMPCQ?ML”TCJBMK?P
    SKCLRMB?BCLQGB?BCA?NGJ?PCKAMKN?P?ŽMAMKMQT?JMPCQ?ML”TCJBMK?P
    ,CJFMP? B? A?N?AGB?BC BC BGDSQŽM NSJKML?P CK PCJ?ŽM ?MQ T?JMPCQ GLGAG?GQ B? CVNMQGŽM  ?JRGRSBC  ?GLB? OSC LŽM
    GES?GQ?MQT?JMPCQ?ML”TCJBMK?P
    $JCT?ŽMB?QCLXGK?QKGRMAMLBPG?GQCKAMKN?P?ŽMAMKMQT?JMPCQ?ML”TCJBMK?P
    SKCLRMB?QCLXGK?QB?A?BCG?PCQNGP?R™PG?CKPCJ?ŽM?MQT?JMPCQ?ML”TCJBMK?P
    (LRCLQG¤A?ŽMBMB@GRMA?PB”? ^MCKPCNMSQMCKPCJ?ŽM?MQT?JMPCQGLGAG?GQB?CVNMQGŽM?JRGRSBC ?NP™VGKMBMQ
    T?JMPCQ?ML”TCJBMK?P
    SKCLRMBMB@GRMA?PB”?​AMAMKMCVCPA”AGMKŠVGKMCKPCJ?ŽM?MQT?JMPCQGLGAG?GQB?CVNMQGŽM?JRGRSBC K?QLŽM
    GES?GQ?MQT?JMPCQ?ML”TCJBMK?P

    %MG CQR?@CJCAGBM OSC ? ?AJGK?RGX?ŽM MS ?AJGK?ŽM  ?JRGRSBC NCPKGRC M ?NPGKMP?KCLRM BM BCQCKNCLFM L? ?JRGRSBC
    $LRPCR?LRM  AMLRPMTPQG?Q PCACLRCQ R‘K OSCQRGML?BM ? T?LR?ECK M@RGB? NCJMQ GL​BG​T”​BSMQ L?RGTMQ B? ?JR? ?JRGRSBC  MLBC
    TGTCP?KNMPRMB??TGB?!PSRQ?CPRBGX
    YSK?PCTGQŽMB?JGRCP?RSP?QSECPCOSCL?RGTMQGLB”ECL?QB??JR??JRGRSBC ?NPCQCLR?KAMLQSKMKŠVGKMBCMVGE‘LGM
    KBGM   K?GQ CJCT?BM L? FGNMVG? C BCAPCKCLRM KCLMP BM AMK ? ?ACL​RS?ŽM B? FGNMVG? -M KMKCLRM  LŽM FŠ
    GLDMPK?CQ QS¤AGCLRCQ N?P? AMLAJSGP OSC MQ L?RGTMQ  ?NPCQCLR?K K?GMP CAMLMKG? BM RP?@?JFM MS A?N?AGB?BC BC
    ,5+<9(5*,K?GMP CK@MP?N?P??NPGKCGP?MNŽMTŠPGMQCQRSBMQGLBGOSCKOSCCQQCNMBCQCPMA?QMBMQRG@CR?LMQ^
    #CQQCKMBM N?PCACOSC??AJGK?RGX?ŽM?JRGRSBC?@?QCN?P??RCLBCPQBCK?LB?QB?CVNMQGŽMCB?QAMKNCRGCQL?
    ?JRGRSBC $LRPCR?LRM  KCQKM AMK CQQ?Q ?B?NR?CQ ¤QGMJ™EGA?Q  MQ BCQCKNCLFMQ BC ,5+<9(5*, QŽM AMKNPMKCRGBMQ L?Q
    AMLBGCQFGN™VGA?QB?KMBCP?B?MSCJCT?B??JRGRSBC

    (14,$'1</14(01$.61(64(,0(01%$,91@
    #?BMQMQCDCGRMQB??JRGRSBCBGQASRGBMQ?LRCPGMPKCLRC ?JESLQNPMNSQCP?K?RCMPG?AMLFCAGB?AMKMYKMPCLM?JRMCRPCGLC
    LM@?GVM^2CESGLBMCQQ??@MPB?ECK ?NCQQM?PCQGBCL??JR??JRGRSBCN?P?E?LF?PMQ@CLCD”AGMQB?FGNMVG? CQRGKSJ?LBM?Q
    AMLACLRP?CQBCFCK?R™APGRMCFCKMEJM@GL?N?P??HSB?PLMRP?LQNMPRCBCMVGE‘LGM NMPK BCNMGQ NP?RGA?MQRP?@?JFMQ
    D”QGAMQ L?Q ?JRGRSBCQ K?GQ @?GV?Q N?P? CQRGKSJ?P ?Q A?N?AGB?BCQ A?PBGMT?QASJ?PCQ CK L”TCGQ KŠVGKMQ C K?LRCP ? OS?JGB?BC
    BMQCVCPA”AGMQ  #CQQCKMBM RGP? QCT?LR?ECKBMQBMGQKSLBMQ

    0C4>A80q?AoC820
    ,SGRMQ RPCGL?BMPCQ C ?RJCR?Q ?NJGA?K CQQ? RCMPG? BC TŠPG?Q K?LCGP?Q /MP CVCKNJM  DMG KMQRP?BM OSC ? CVNMQGŽM
    GLRCPKGRCLRC BC  BG?Q  ?JRGRSBC BC  K AMK PCNMSQM C RPCGL?KCLRM NMBC KCJFMP?P M BCQCKNCLFM L? NPMT? BC
    AGAJGQKMBCAMLRP?PPCJ™EGMCNPMKMTCP?JRCP?CQ¤QGMJ™EGA?QQGKGJ?PCQQB?Q?B?NR?CQK?GQAPšLGA?QKCQK??JRGRSBC
    3?K@KDMGM@QCPT?BMOSCMQL?RGTMQBC?JRGRSBCQKMBCP?B?Q?NPCQCLR?KT?LR?ECK¤QGMJ™EGA?CKPCJ?ŽM?MQL?RGTMQB?Q
    @?GV?Q ?JRGRSBCQ AMK PCJ?ŽM ?M CVCPA”AGM KŠVGKM L? ?JR? ?JRGRSBC  (QQM GLBGA? OSC KMP?P L? ?JRGRSBC KMBCP?B? NMP
    KSGRMRCKNMAMLDCPCT?LR?ECK¤QGMJ™EGA?BG?LRCB?QGKNMQGCQB?Q?JRGRSBCQK?GQCJCT?B?Q 
    JESK?Q COSGNCQ AFCE?K  ?  F ?LRCQ B? AMKNCRGŽM  NCPKGRGLBM M BCQCLTMJTGKCLRM BC N?PRC B?Q ?JRCP?CQ
    ¤QGMJ™EGA?Q GLGAG?GQ CK PCQNMQR?  ?JRGRSBC "MLDMPKC HŠ M@QCPT?BM  MSRPM KRMBM SQ?BM NMP ?RJCR?Q OSC AMKNCRCK CK
    ?JRGRSBCQ KMBCP?B?Q  AFCE?P N?P? ? AMKNCRGŽM LM KCQKM BG?  AMKNCRGP C GP CK@MP? ,SGR?Q COSGNCQ BC DSRC@MJ
    ?KCPGA?LMOSCHME?KAMLRP??4LGTCPQGRWMD6WMKGLERPCGL?KL?@?GV??JRGRSBCCTG?H?KL?K?LFŽBMBG?BMHMEM HME?K
    CTŽMCK@MP?N?P?JGKGR?PMQGKN?ARMQB?CVNMQGŽM?JRGRSBCKMBCP?B?-CQQ?QAGPASLQR‹LAG?Q BC?AMPBMAMKMBCQAPGRM
    NPCTG?KCLRC  ? /. PCBSXGB? LŽM BCTC A?SQ?P EP?LBCQ GKN?ARMQ LCQQC HMEM BC DSRC@MJ ?KCPGA?LM  M OS?J CLD?RGX? ?Q
    ?RGTGB?BCQ?L?CP™@G?QCBCNMR‘LAG? NMPKMQQGLRMK?QCMNQGAMJ™EGAMR?K@KNMBCKGL¥SCLAG?P/MPR?LRM ?RCMPG?BM
    YKMPCLM?JRMCRPCGLCLM@?GVM^NMBC?GLB?QCPN?PRCBCSK?CQRP?REG?ECP?JN?P??QAMKNCRGCQBCDSRC@MJ?KCPGA?LM
    RKCQKMAMPPCBMPCQBC*96::*6<5;9@NPMTCLGCLRCQBCJMA?GQQG​RS?​BMQ?ML”TCJBMK?PSQ?KCQQ?QBS?Q?@MPB?ECLQBCTGBM
    GLA?N?AGB?BCBCNCPK?LCACPNMPJMLEMQNCP”M​BMQL??JRGRSBCKMBCP?B??LRCQB?AMKNCRGŽM2S?C¤AŠAG??GLB?LŽMDMG
    AJ?P?KCLRCAMKNPMT?B? NMPKNMBCQCPAMLQGBCP?B?SK??@MPB?ECKNPŠRGA?N?P??AMKNCRGŽML??JRGRSBCKMBCP?B?

    ! 

    %D2E=6E2DD6AC6A2C2>A2C24@>A6E:C?22=E:EF564@>6DEC2Ex8:2DBF6G:D2>2=8F>8C2F5624=:>2E:J2wv@@F24=:>2wv@
    5@6?​w2522=E:EF56xF>24@?5:wv@A6C:8@D242FD252A6=2C65Fwv@52&% BF6A@56=6G2C2@
    E6@C:25@K>@C6?@2=E@6EC6:?6?@32:I@Q@76C646G2?E286?D@I:52E:G2D522=E:EF56D6>2EC2A2=92C2:?E6?D:52565@EC6:?2>6?E@
    =8F?D2E=6E2D564@>A6E:wv@?v@E6?E2>224=:>2E:J2wv@u2=E:EF5656?6?9F>;6:E@>G6J5:DD@6=6D49682>A2C224@>A6E:wv@
    ?@>6D>@5:24@>A6E6>6Gv@6>3@C2

    $K@MP?? E‘LAG?,SLBG?J LRGBMNGLELŽMRCLF?@?LGBMMSQMBCA‹K?P?QBCFGNMVG? CVGQRCKKSGR?QAMLRPMTPQG?QC


    KSGRMGLRCPCQQCL?QS?SRGJGX?ŽM QGKGJ?PCQ?MQBM+6705.Q?LES”​LCM GLB??QQGK LŽMCQRŠAJ?PMOSCBMQCBCTCQCPSQ?B?
    N?P? CTMA?P ?Q PCQNMQR?Q BCQCH?B?Q #?BMQ GLGAG?GQ KMQRP?P?K OSC M SQM BCQQ?Q A‹K?P?Q LŽM GL¥SCLAG? M BCQCKNCLFM
    D”QGAMLML”TCJBMK?P NMPKK?GQCQRSBMQQŽMLCACQQŠPGMQ

    ?;820s~4B?AoC820B
    v CQQCLAG?J  OS?LBM QC ?T?JG? MQ BCQ?¤MQ ?K@GCLR?GQ  OSC M OS?BPM RMR?J QCH? AMLQGBCP?BM "MLDMPKC M@QCPT?KMQ
    ?LRCPGMPKCLRC NMBCKMQCQR?PCK?K@GCLRCDPGMC KCQKM?QQGK QMDPCPBCCV?SQRŽMMA?QGML?B?NCJMA?JMPBCTGBMQKSGR?Q
    A?K?B?QBCPMSN?.S ?GLB? NMQQ”TCJ L??JR??JRGRSBC QMDPCPBCBCQGBP?R?ŽMQCKOS?JOSCPBCK?LB?D”QGA?MSBCA?JMP
    /MPR?LRM LCACQQŠPGMPCAMLFCACPMQKSGRMQBGDCPCLRCQCQRPCQQMPCQ?K@GCLR?GQCMQCVCPA”AGMQCQNCA”¤AMQ?QCPCKPC? gGu?BMQ
    ?MBCQCLTMJTCP?QQPGCQBCCVCPA”AGMC?QCQRP?REG?QBCAMKNCRGŽMMSRPCGL?KCLRM

    012%,%&$"0,
    Níveis da WBGT para modificação ou cancelamento dos exercícios ou competição atlética para adultos
    saudáveis.a,g
    Competição e atividade
    WBGTb Treinamento e atividade não con​tí​nua
    con​tí​nua
    Indivíduos não
    Indivíduos aclimatizados,
    aclimatizados, não
    °F °C condicionados e de baixo
    condicionados e de alto
    riscoc,d
    riscoc
    ≤ 50 ≤ 10 Geralmente segura; a intermação Atividade normal Atividade normal
    50,1 a 65 10,1 a 18,3 induzida pelo exercício (IIE) Atividade normal Atividade normal
    65,1 a 72 18,4 a 22,2 pode ocorrer associada a Risco aumentado Atividade normal
    72,1 a 78 22,3 a 25,6 fatores in​di​vi​duais Aumente a razão Atividade normal. Monitore a
    78,1 a 82 25,7 a 27,8 Em geral segura; IIE pode repouso/trabalho. Monitore a ingestão hídrica
    82,1 a 86 27,9 a 30 ocorrer ingestão hídrica Atividade normal. Monitore a
    86,1 a 90 30,1 a 32,2 Risco de IIE e de outras afecções Risco moderado, aumente a ingestão hídrica
    ≥ 90,1 > 32,3 ocasionadas pelo calor razão repouso/trabalho e Planeje exercício intenso ou
    começa a surgir; os in​di​ví​duos diminua a duração total da prolongado com observação
    de alto risco devem ser atividade cuidadosa dos in​di​ví​duos
    monitorados e não devem Risco moderado a alto. Aumente Limite o exercício intenso e a
    competir a razão repouso/trabalho, exposição diá​ria total ao calor
    O risco para todos os diminua a intensidade e a e umidade; preste atenção aos
    competidores é maior duração total da atividade primeiros sinais e sintomas
    O risco para in​di​ví​duos não Alto risco.e Aumente a razão Cancele o exercício, o estressef
    condicionados e não repouso/trabalho para 1:1, descompensado causado pelo
    aclimatizados é alto diminua a intensidade e a calor existe para todos os
    Cancelar nível devido ao risco de duração total da atividade. atletasg
    IIE Limite exercícios intensos.
    Observe os in​di​ví​duos em
    risco com cuidado
    Risco muito elevado.e Cancele
    ou interrompa o treino ou a
    competição
    Risco extremamente altoe
    Cancele o exercício
    ;/?PCMN;>;L?@?LH=C;
    <1?GJ?L;NOL;AFI<;F>?<OF<IšGC>I
    =3?MNCH>I+!'*,
    =;GCM?N;
    G?C;M?NHCM
    >
    =FCG;N;>I;INL?CH;G?HNIHI=;FILJILJ?FIG?HIMM?G;H;M
    ?
    /CM=I>?&&"??R;OMNŠIJIL=;FILCH>OTC>;J?FI?R?L==CI
    @JLI>O‹ŠICHN?LH;>?=;FIL?R=?>?;J?L>;>?=;FIL?;N?GJ?L;NOL;=?HNL;F>I=ILJIM??F?P;>?G;H?CL;=IH​

    N​HO;M?GFCGCN?
    A
     M >C@?L?H‹;M ?HNL? I =FCG; FI=;F ? ?MN;>I >? ;=FCG;‹ŠI CH​>C​PC​>O;F ;I =;FIL JI>?G J?LGCNCL ; ;NCPC>;>? ?G
    HP?CMG;CM;FNIMKO?IMGIMNL;>IMH;N;<?F;
    JILŒGIM;NF?N;M?NL?CH;>IL?M>?P?G=IHMOFN;L;?KOCJ?GŒ>C=;
    ?N?L=;ON?F;;I?R=?>?L?MM?MFCGCN?M
    Armstrong LE et al. Position stand, American College of Sports Medicine: Exertional heat illness in training and competition. Med Sci Sports Exerc. 2007;39(3):556-572.

    .QGLBGA?BMPCQBCCQRPCQQCRPKGAMNCPKGRCKOSCQCCLRCLB?BCK?LCGP?AJ?P?MPGQAMB?Q?DCACQMA?QGML?B?QNCJM
    A?JMPBCAMPPCLRCQB?AMK@GL?ŽMBCSKGB?BCPCJ?RGT?CRCKNCP?RSP?BM?P3MKCBCAGQCQ?ACPA?BMQCQRSBMQBCA?QM?
    QCESGPQM@PCCQRPCQQCQ?K@GCLR?GQBC?AMPBMAMK?QGLDMPK?CQ?NPCQCLR?B?QLCQRCA?N”RSJM

    6<
    5MA‘NPCN?P?BMPD”QGAMB?'?RRGCQ@SPE'GEF2AFMMJCK'?RRGCQ@SPE ,2 C?COSGNCBCDSRC@MJ?KCPGA?LM?ECLBMS
    SK RPCGLM N?P? M GL”AGM BC ?EMQRM Q  B? K?LFŽ LM LMTM CQRŠBGM . RGKC ?A?@? BC AMKNJCR?P  QCK?L? BC
    RPCGL?KCLRMTCXBG?BC:/69;CA?N?ACRCC?EMP?CQRŠQCLBMCLA?KGLF?BMN?P?MQRPCGLMQ-<337(+"SGB?BMQ?KCLRC
    TMA‘TCPG¤AMS?SKGB?BCPCJ?RGT?C?RCKNCP?RSP?CRCLRMSCQRGK?P?QKSB?L?QOSCMAMPPCPG?K?MJMLEMBMQKGL
    BCRPCGLMKCBGS?QAMLBGCQQFB?K?LFŽCAMLQR?RMSOSC?RCKNCP?RSP?CP?BC j"AMKSKGB?BCPCJ?RGT?BM
    ?PBC EMP? TMA‘CQRŠQCNPCN?P?LBMN?P?CLAMLRP?PMRALGAMCBGQASRGP?QNPCA?SCQLCACQQŠPG?QN?P?MRPCGLM
    BMBG?

    A

    .O;CMM?LŠI;MMO;ML?=IG?H>;‹™?M
    IGI P;C G;H?D;L IM CHN?L?MM?M >I NŒ=HC=I =IG ;M JIMMP?CM CHN?LLOJ‹™?M >;M JL†NC=;M JLŒ JF;H?D;>;M >I
    NL?CH;G?HNI>?P?LŠI;NŒIJLCG?CLIDIAI
    ,KO?G;CMPI=>?P?=IHMC>?L;LJ;L;A;L;HNCL;M?AOL;H‹;>?=;>;DIA;>IL

    9A
    "G<IL; PI= JIMM; ?MJ?L;L KO? IM DIA;>IL?M N?HB;G J;MM;>I JIL ;FAOG;M ;>;JN;‹™?M VMCIF•AC=;M ;I =;FIL
    >OL;HN?;JLCG?CL;M?G;H;>?NL?CH;G?HNI
    ;;=FCG;NCT;‹ŠI;CH>;HŠI?MN;L†=IGJF?N;?GG;CMM?G;H; FŒG
    >CMMI
    IMDIA;>IL?MHŠINL?CH;L;G=IGNI>IMIM?KOCJ;G?HNIMIKO?JL?DO>C=;;>CMMCJ;‹ŠI>I=;FIL=ILJIL;F
    >OL;HN?;JLCG?CL;M?G;H;?
    JILN;HNI
    ;M;@?=‹™?MI=;MCIH;>;MJ?FI=;FILJI>?GM?LG;CMCHN?HM;MBID? 3I=
    >?P? M? JL?I=OJ;L N;G<ŒG =IG ;M =IH>C‹™?M ;G<C?HN;CM >?MM? >C;  oM  B >; G;HBŠ
     ; N?GJ?L;NOL; D† Œ >?
    
    f  ? ; OGC>;>? Π<;MN;HN? ;FN;  "MM;M =IH>Cܪ?M FCGCN;G ; ?@?NCPC>;>? >; MO>IL?M? HI L?M@LC;G?HNI >I
    =ILJI  "G JLCG?CLI FOA;L
     =?LNCVKO? M? >? KO? IM ;NF?N;M ?MNŠI <?G BC>L;N;>IM ;HN?M >I NL?CHI
     =IHMOGCH>I
    <?<C>;M?MJILNCP;MKO?=IHN?HB;GKO;HNC>;>?M;>?KO;>;M>??F?NL•FCNIM !OL;HN?INL?CH;G?HNI
    IMDIA;>IL?M
    JL?=CM;GM?LGIHCNIL;>IM=IG;N?H‹ŠI?J;OM;MJ;L;;CHA?MNŠI>?†AO;>?P?GM?L@?CN;M>?G;H?CL;L?AOF;L
    FŒG>CMMI
    PI=>?P?>CT?L;INŒ=HC=IKO?INL?CHI>?P?N?LGCH?HŠI
    =IH@ILG?IJF;H?D;>I "RJFCKO?;
    ?F? KO? CMMI M?L† G?FBIL HŠI ;J?H;M J;L; I >?M?GJ?HBI
     JICM ; =IH=?HNL;‹ŠI ? ; CHN?HMC>;>? M?LŠI G;CM
    @;=CFG?HN?G;HNC>;MJILGCH
    G;MN;G<ŒGJ;L;;M?AOL;H‹;>IMDIA;>IL?M -ILVG
    =?LNCVKO? M?>?KO?IM
    DIA;>IL?M?MN?D;G=IHMOGCH>IKO;HNC>;>?M;>?KO;>;M>?FKOC>I;J•MINŒLGCHI>;M?MMŠI>?NL?CH;G?HNI;
    VG>?JLIGIP?L;L?C>L;N;‹ŠI;>?KO;>;

    6<
    5MA‘MRPCGL?BMPBC*96::*6<5;9@DCKGLGLMB?$?QR'GEF2AFMMJCK"FCWCLLC 68 B?R?BC?EMQRMCTMA‘RCK
    SK? AMPPGB? BC  IK NPMEP?K?B? CK PGRKM BC AMPPGB? N?P? QS? COSGNC  BG?Q ?LRCQ BM NPGKCGPM ?KGQRMQM B?
    RCKNMP?B? RCKNCP?RSP?BC j"AMKBCSKGB?BCPCJ?RGT?BM?P TCJMAGB?BCBMTCLRMBC IKF

    A

    .O?JL?I=OJ;‹™?MPI=N?GKO;HNI;INL?CH;G?HNI?‰M=IH>C‹™?M;G<C?HN;CM?RCMN?HN?M
    IGKO?IONLIM;MJ?=NIM>INL?CHIPI=>?P?M?JL?I=OJ;L?GL?F;‹ŠI‰MO;?KOCJ?

    9A
    M=IH>C‹™?M=FCG†NC=;M>I>C;MŠI<;MN;HN?@;PIL†P?CM?J?LGCN?G;>CMMCJ;‹ŠI?@?NCP;>I=;FILJLI>OTC>IJ?FIM
    GšM=OFIM?G;NCPC>;>?>C;HN?>;N?GJ?L;NOL;GI>?L;>;
    <;CR;OGC>;>??<LCM;@L?M=; ,MOJ?L;KO?=CG?HNI?;
    >?MC>L;N;‹ŠIHŠIMŠIAL;H>?MJL?I=OJ;‹™?MBID? +I?HN;HNI
    @;FN;G;J?H;M>C;MJ;L;;JLCG?CL;=IGJ?NC‹ŠI
    >;?KOCJ??;=ILLC>;>?EG?GLCNGI>?=ILLC>;JI>?I=;MCIH;L@;>CA;?>;HI​GOM=OF;LKO?=;OM;GCGJ;=NIM
    H?A;NCPIMMI<L?I>?M?GJ?HBIHI;GCMNIMI ,G?FBILŒHŠI?RCACLGOCNI>IM;NF?N;M;;J?H;M>C;M>I?P?HNI
    LCNGIG;CMGI>?L;>IM?LC;G;CM;>?KO;>I

    6<
    5MA‘NPCN?P?BMPD”QGAML?4LGTCPQGRWMD6GQAMLQGLCK,?BGQML CCQRŠNPCN?P?LBM?COSGNCN?P?HME?PSK?N?PRGB?
    DMP? B? AMLDCP‘LAG? AMLRP? M PGXML? 2R?RC 4LGTCPQGRW CK 3CKNC  9  LM ¤K BC ?EMQRM .Q RPCGLMQ AMKC?P?K CK
    ?EMQRM OS?LBMMA?JMPC?SKGB?BCCK6GQAMLQGLQŽM@?QR?LRC?JRMQ.KBGAMBMRGKCCMRPCGL?BMPOSCPCKQ?@CPBC
    TMA‘MOSCLCACQQŠPGMN?P?NPCN?P?P?COSGNCN?P?MHMEM ASH?RCKNCP?RSP?NMBCAFCE?P?j"

    A

    ,KO?ŒH?=?MM†LCIJ;L;JLIN?A?L;?KOCJ?>;M;@?=‹™?MI=;MCIH;>;MJ?FI=;FIL
    .O? JF;HIM >?P?G M?L =IFI=;>IM ?G ;‹ŠI DOHN;G?HN? =IG ; ?KOCJ? GŒ>C=; ?MJILNCP; J;L; A;L;HNCL I <IG
    >?M?GJ?HBI>?G;H?CL;M?AOL;
    .O?L?AL;MAIP?LH;G;=IGJ?NC‹ŠIH?MM?M?RNL?GIM=FCG†NC=IM
    .O?IONLIM@;NIL?ML?F;=CIH;>IM=IGI=IH>C=CIH;G?HNI@MC=IPI=;JIHN;LC;

    9A
     G?FBIL ;<IL>;A?G M?LC; MCGOF;L I G;CM JL•RCGI JIMMP?F ;M =IH>C‹™?M ?H=IHNL;>;M ?G 1?GJ?  &MMI KO?L
    >CT?LH?=?MMC>;>?>?;G<C?HN?GOCNIKO?HN?
    JILŒGM?=I  IGII;L?G4CM=IHMCHH?MM;ŒJI=;>I;HIJI>?
    M?L šGC>I ? ; N?GJ?L;NOL; HŠI P;C M? CAO;F;L ‰ ?MJ?L;>; ?G 0;H !C?AI
     M?LC; G?FBIL KO? IM NL?CHIM @IMM?G
    JL;NC=;>IM?GOGACH†MCIIH>?I;LM?D;M?=I?;N?GJ?L;NOL;JIMM;M?L?F?P;>;J;L;M??KOCJ;L;L‰M=IH>C‹™?M
    ;G<C?HN;CM >I LCTIH;  , NL?CHI H?MM;M =IH>C‹™?M JIL  ;  >C;M ;HN?M >I DIAI >?P? J?LGCNCL ; =FCG;NCT;‹ŠI
    ;>?KO;>; ? ; JL?J;L;‹ŠI VMCIF•AC=; >IM DIA;>IL?M J;L; IM LCAIL?M >; =IGJ?NC‹ŠI HI =FCG; KO?HN? ? M?=I
    !OL;HN? IM NL?CHIM ? HI >?=ILL?L >IM DIAIM
     ; ?KOCJ? >? NL?CH;G?HNI >?P? ?MN;L ;N?HN; ;I @;NI >? KO? ?MM;M
    =IH>C‹™?M KO?HN?M ? M?=;M L?MOFN;G ?G J?L>; B>LC=; GOCNI G;CM ;=?H​NO;>; JIL G?CI >; MO>IL?M? ;
    ?P;JIL;‹ŠII=ILL??GN;R;;FN;MI<?MM;M=IH>C‹™?M;G<C?HN;CM ,MDIA;>IL?M
    ?MJ?=C;FG?HN?IMBIG?HM>?
    FCHB;
     >?P?G M?L GIHCNIL;>IM =IG ;N?H‹ŠI KO;HNI ; MCH;CM >? >?MC>L;N;‹ŠI
     ? NI>IM IM DIA;>IL?M >?P?G M?L
    CHMNLO​>IM ; CHA?LCL †AO; KO;H>I M;​L?G >I =;GJI  FŒG >CMMI
     AL;H>?M P?HNCF;>IL?M >?P?G M?L =IFI=;>IM ;I
    FIHAI>IM<;H=IMJ;L;;DO>;L;L?M@LC;LIMDIA;>IL?M>OL;HN?IDIAI

    6<
    5MA‘MRPCGL?BMPBCDSRC@MJB?4LGTCPQGRWMD5GPEGLG?CTG?HMSN?P?(LBG?L?4LGTCPQGRWN?P?SKHMEMv¤KBCMSRMLM
    CQS?COSGNCHME?PŠLMGRC LRCQBMHMEM TMA‘A?KGLF?NCJMA?KNMCM@QCPT?OSCSK?DMPRCAFST?CQRŠNMPTGP-M
    KMKCLRM QŽMFB?R?PBCC?RCKNCP?RSP?A?GSBC j"N?P? j"L?QžJRGK?QFMP?Q5MA‘PCRMPL??MTCQRGŠ​PGMN?P?
    ?QNPCN?P?CQ¤L?GQ?LRCQB?N?PRGB??LRCQBCTMJR?P?A?KNMN?P?MQCVCPA”AGMQBC?OSCAGKCLRM?LRCQBMHMEM
    A

    .O?JL?J;L;‹™?MPI=>?P?LC;N?L@?CNI;HN?M>;PC;A?G
    .O;CMMŠI;MCGJFC=;‹™?MGŒ>C=I ?MJILNCP;M
    .O?NCJI>?JL?J;L;‹ŠI>IMDIA;>IL?M;HN?M>IDIAIJI>?M?LCGJILN;HN?
    .O;CM MŠI ;FAOG;M >;M šFNCG;M JL?J;L;‹™?M KO? PI= >?P? @;T?L J;L; FC>;L =IG I @LCI =L?M=?HN? >OL;HN? I
    DIAI

    9A
    3I=D†?MJ?L;P;KO??MM;J;LNC>;?G&H>C;H;JO>?MM?M?LDIA;>;MI<=IH>C‹™?MG;CM@LC;M>IKO?;M=IGKO?
    M?OM;NF?N;M>;2HCP?LMCNSI@3CLACHC;?MNŠI;=IMNOG;>IM 3I=M?=?LNCV=IO>?KO??F?MF?P;L;GNI>;;LIOJ;LC;
    J;L;CMIF;G?HNINŒLGC=IH?=?MM†LC;J;L;IDIAI "HKO;HNI;NCPIM
    IMDIA;>IL?M?MN;LC;G;KO?=C>IMIMOV=C?HN?

    JILŒGIML?M?LP;MH;FCHB;F;N?L;FJI>?LC;GV=;L=IG@LCI?;KO?=?>IL?M>?P?LC;GM?L=IFI=;>IM;IFIHAI>IM
    <;H=IM FŒG>CMMI
    IAIF?CLI
    KO?JIO=I=ILL?>OL;HN?;J;LNC>;
    JI>?LC;KO?L?LOM;LLIOJ;MG;CMKO?HN?M>I
    KO? I OMO;F  HN?M >I DIAI
     IM ?R?L==CIM >? ;KO?=CG?HNI >?P?LC;G M?L G;CM FIHAIM >I KO? I HILG;F H;M
    =IH>C‹™?M G;CM GI>?L;>;M >; 3CLACHC;  " HI CHN?LP;FI >; J;LNC>;
     M?LC; M†<CI KO? NI>I I NCG? ?HNL;MM? J;L; I
    P?MNC†​LCI;KO?=C>I?GP?T>?J?LG;H?=?L?G=;GJI

    6<
    "MKMRPCGL?BMPBCDSRC@MJ?KCPGA?LMB?2?L#GCEM2R?RC4LGTCPQGRW TMA‘JCT?QS?COSGNCBC2?L#GCEMN?P?HME?PL?
    4LGTCPQGRW MD 6WMKGLE  ? OS?J QC JMA?JGX? CK ?JRGRSBC KMBCP?B?  NMPK RCK M CQRŠBGM CK ?JRGRSBC K?GQ CJCT?B? B?
    #GTGQŽM(BC%SRC@MJ KCPGA?LMBMQ$4 ?K

    A

    .O?JL?J;L;‹™?MPI=P;C@;T?LJ;L;?MM?DIAI
    KO?I=ILL?L†H;M?G;H;M?AOCHN?
    -ILKO?IJNIOJIL?MM;?MNL;NŒAC;

    9A
    "G<IL; ;FAOHM NL?CH;>IL?M JIMM;G =B?A;L ; 4SIGCHA  ;  B ;HN?M >; =IGJ?NC‹ŠI J;L; >;L ;IM ;NF?N;M
    N?GJIMOV=C?HN?J;L;;ML?MJIMN;MVMCIF•AC=;MCHC=C;CM‰;FNCNO>?
    CMMIHŠIŒH?=?MM†LCI
    JICMIMDIAIM>?@ON?<IF
    ;G?LC=;HING>OL;‹ŠI=OLN;I<;MN;HN?J;L;HŠIMI<L?=;LL?A;LIMCMN?G;;?L•<CI>??H?LAC;  IGIIMCMN?G;
    >??H?LAC;;?L•<CIHŠIŒMI<L?=;LL?A;>IHIDIAI>?@ON?<IF;G?LC=;HI
    ;M;>;JN;‹™?M;?L•<C;M‰?RJIMC‹ŠI‰
    ;FNCNO>? JLIP;P?FG?HN? HŠI ;@?N;LŠI I >?M?GJ?HBI H; ;FNCNO>?  MMCG
     HI @ON?<IF ;G?LC=;HI
     ; G?FBIL
    ?MNL;NŒAC;JI>?M?LV=;L?NL?CH;LH;<;CR;;FNCNO>?;NŒ;BIL;>IDIAI
    M?AOCLJ;L;I?MN†>CI?G4SIGCHAJIO=I
    ;HN?M >; J;LNC>;
     DIA;L ? P?H=?L ? L?NILH;L J;L; ; ;FNCNO>? <;CR; CG?>C;N;G?HN? >?JICM  "MM; ?MNL;NŒAC; FCGCN;
    NI>IMIMCGJ;=NIM>;?RJIMC‹ŠI‰;FNCNO>?GI>?L;>;
    #% @$%

    "MLBGCQ ?K@GCLR?GQ AMKM A?JMP  DPGM C ?JRGRSBC ?DCR?K ?Q PCQNMQR?Q AMPNMP?GQ C ? A?N?AGB?BC BC BCQCKNCLFM D”QGAM .
    CQRPCQQC¤QGMJ™EGAMCMQB¤AGRQLMBCQCKNCLFMNMBCKQCP?RCLS?BMQNCJMRPCGL?KCLRMCNMPCQRP?REG?QBCNPCN?P?ŽM
     FGNCPRCPKG?  M QSNCP?OSCAGKCLRM BM AMPNM FSK?LM 3?K?LFM BM AMPNM  GB?BC  AMLBGAGML?KCLRM  RCKNCP?RSP?
    SKGB?BC C TCJMAGB?BC BM TCLRM GL¥SCLAG?K ? NMQQG@GJGB?BC BC QCP ?DCR?BM NCJ? FGNCPRCPKG?  AMLTCAŽM  AMLBSŽM
    P?BG?ŽM C CT?NMP?ŽM ?HSB?K ? BGQQGN?P M CVACQQM BC A?JMP BM AMPNM "ŽG@P?Q  Q”LAMNC  CV?SQRŽM C GLRCPK?ŽM QŽM
    AMLBGCQ MA?QGML?B?Q NCJ? CVNMQGŽM ?M A?JMP #CLRPC CJ?Q  ? GLRCPK?ŽM  ? K?GQ NCPGEMQ?  NMGQ DPCOSCLRCKCLRC 
    AMLDSLBGB?AMK?CV?SQRŽMA?SQ?B?NCJMA?JMPCNMBCJCT?PKMPRC
     A?N?AGB?BC BC ?RS?P CK ?K@GCLRC OSCLRC  SK BCQ?¤M KSJRGT?mGŠqCJ OSC CLTMJTC ? LCACQQGB?BC BC ?AJGK?RGX?ŽM
    NPTG? FGBP?R?ŽM?NPMNPG?B?CAMLBGAGML?KCLRMD”QGAM A?N?AGB?BCBC?JRCP?ŽMB?¤QGMJMEG?AMPNMP?JCKPCQNMQR??MQ
    BCQ?¤MQ?K@GCLR?GQ?HSB?L??AJGK?RGX?ŽM?MAJGK?OSCLRC
    FGNMRCPKG?SK?AMLBGŽMCKOSC?RCKNCP?RSP?BMAMPNMBGKGLSG?NMLRMBCNPCHSBGA?PMSGKNMQQG@GJGR?P?DSLŽM
    ¤QGMJ™EGA?LMPK?J2S?EP?TGB?BCT?PG?BMCQRŠEGM LMOS?JFŠBGKGLSGŽMB?A?N?AGB?BCBCPC?gGu?PR?PCD?QKMRMP?Q ?M
    CQRŠEGM OSCNMBCJCT?PKMPRCACPC@P?J FGNMRCPKG?NMBCPCBSXGPMBCQCKNCLFM?RJRGAM QM@PCRSBM?NPMBSŽMBC
    DMP?​KSQASJ?P
    ?JR??JRGRSBCA?SQ?FGNMVG?AMLQCOSCLRCBGKGLSGŽMB?NPCQQŽM@?PMKRPGA? ?JR??JRGRSBCGL¥SCLAG?CQNCAG?JKCLRC
    MQCTCLRMQ?CP™@GMQ5ŠPG?QCQRP?REG?QN?P?QC?B?NR?P?CQQ?QAMLBGCQQŽMNP?RGA?B?QNMP?RJCR?Q?MQCNPCN?P?PCKN?P?
    AMKNCRGCQL??JRGRSBC

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    =========?KCBGB?BCŠES?LM?P0S?LBMCJCT?B? ?DCR??RCKNCP?RSP?AMPNMP?JACLRP?J =========?LCACQQGB?BC
    BCRCPKMPPCESJ?ŽM
    =========SK?T?​PGŠ​TCJ?K@GCLR?JOSCGL¥SCLAG??RCKNCP?RSP?ACLRP?J0S?LBMK?GQ?JR? PCQDPG?MAMPNMNMPKCGM
    BC=========
    .QQCPCQFSK?LMQQŽM?NCL?Q=========C¤AGCLRCQL?SRGJGX?ŽMBCCLCPEG?MQ=========BCCVACQQMBCCLCPEG?
    QŽMJG@CP?BMQL?DMPK?BCA?JMP
      CQRP?REG? YKMPC ========= C RPCGLC =========^  NP?RGA?B? NMP ?JESLQ ?RJCR?Q AMK M@HCRGTM BC ?HSB?P L?
    ?AJGK?RGX?ŽM=========
      ?AJGK?RGX?ŽM PCQSJR? B? CVNMQGŽM ?M ?K@GCLRC =========  AMKM PCQGBGP CK "MJMP?BM 2NPGLEQ  ".  CLOS?LRM ?
    ?AJGK?ŽMAMLQCOSCLRCCVNMQGŽM?M?K@GCLRC========= AMKM?A‹K?P?FGNM@ŠPGA?
    ??5:-81--8@1>:-@5B-/;>>1@-
    #SP?LRC?NPGKCGP?QCK?L?BCNPŠRGA?QLMTCPŽM QCS?RJCR?B?#GTGQŽMJFC?@MPB?BGXCLBMOSCCQRŠQCQCLRGLBMRMLRM
    CAMKLŠS​QC?Q COSCEMQR?PG?¤A?PLM@?LAMNMPBMGQRCKNMQ5MA‘M@QCPT?OSCCJCCQRŠSKNMSAMNŠJGBM0S?JQCS
    NP™VGKMN?QQM
    ? .DCPCACP JFC ŠES?  NCPKGRGP OSC ¤OSC LM @?LAM NMP  MS  RCKNMQ C  BCNMGQ BGQQM  TCPG¤A?P AMK CJC QC RCK
    AMLBGCQBCTMJR?P?MRPCGLM
    @ ,CBGP JFC?RCKNCP?RSP?AMKSKRCPKšKCRPM2CLŽMFMSTCPCTGB‘LAG?QBCFGNCPRCPKG? MDCPCACP?CJCSK?@C@GB?
    CQNMPRGT?CBGXCP JFCN?P?TMJR?P?MRPCGLM?QQGKOSCNMQQ”TCJ
    A (KCBG?R?KCLRCJCTŠ JMN?P?SKJMA?JPCQCPT?BMCTCPG¤A?PQS?RCKNCP?RSP?PCR?J2C?RCKNCP?RSP?CQRGTCPCJCT?B?
    ?MQL”TCGQBCGLRCPK?ŽM AMJMAŠ JMCK@?LFMAMKŠES?ECJ?B?CAF?K?PMKBGAM
    B #GXCP?CJCN?P?RMK?PSK@?LFMECJ?BM GLECPGPSK?@C@GB?CQNMPRGT?CTMJR?P?MA?KNM0S?LBMTMJR?P M@QCPT?P
    QCCJC?GLB?N?PCACK?J2CN?PCACPBMCLRC TCPG¤A?P?RCKNCP?RSP?N?P??T?JG?PGLRCPK?ŽM
    C #CGVŠ JMQCLR?BML?JGLF?J?RCP?JNMPSKRCKNM D?X‘ JMGLECPGPJ”OSGBMC QCLŽMKMQRP?PQGL?GQBCBCQD?JCAGKCLRM
    ?N™QF K?LBŠ JMN?P?A?Q?
    v QCS NPGKCGPM BG? BC RPCGLM C QCS NPGKCGPM BG? CK ?K@GCLRC CVRCPLM BCQBC M ?LM N?QQ?BM . NPGKCGPM BG? BC
    NPGK?TCP?K?PA? j"C?JR?SKGB?BC0S?J?QS?KCJFMPMNŽM
    ? #CQK?PA?PMRPCGLM
    @ NPMTCGR?PCQQCBG?N?P?RPCGL?PL??A?BCKG?
    A .PGCLR?P?OSCAGKCLRMQJCTCQCBGL‹KGA?QQS?TCQCK?K@GCLRCCVRCPLMN?P?AMKC?PMNPMACQQMBC?AJGK?RGX?ŽM?M
    A?JMP
    B 3CPKGL?PMRPCGLMAMLDMPKCMSQS?J ?RCLRMQ?DCACQA?SQ?B?QNCJMA?JMP
    0S?LBMMDPGM?DCR?MBCQCKNCLFMD”QGAM
    ? .DPGMLŽM?DCR?MBCQCKNCLFMBC,5+<9(5*,?LŽMQCPOSC?RCKNCP?RSP?ACLRP?JBGKGLS? NMPKNMBCGLRCPDCPGPL?
    NPMBSŽMBCDMP?
    @ .DPGM?DCR?MBCQCKNCLFMBC,5+<9(5*, K?QLŽM?NPMBSŽMBCDMP?
    A 2C KSGRMQ HME?BMPCQ DMPCK K?LRGBMQ LM AJGK? DPGM  MQ ?RJCR?Q LŽM ?NPCQCLR?PŽM BG¤ASJB?BCQ PCJ?AGML?B?Q AMK ?
    RCKNCP?RSP?
    B .AMPNMAMKNCLQ?AMKRPCKMPCQCMSRPMQKCA?LGQKMQ ?LSJ?LBM BCQQCKMBM OS?JOSCPNMRCLAG?JCDCGRM
     5MA‘MRALGAMTMJSLRŠPGMBCSKRGKCBCDSRC@MJB?JGE?K?QASJGL??BSJR?'MHCMQCESLBMBG?BCRPCGLMAMJCRGTMCM
    AJGK?CQRŠOSCLRCCžKGBM5MA‘BCAGBCOSCQCESPMK?LRCPMRPCGLMCVRCPLM CK@MP?TŠNCPKGRGPOSCMQHME?BMPCQ
    CLRPCK ?M JMLEM BM RPCGLM 0SC EPSNM BC GL​BG​T”​BSMQ QC CLAMLRP? QM@ PGQAM K?GQ CJCT?BM BC ?DCAŽM GLBSXGB? NCJM
    CVCPA”AGMNP?RGA?BMLMA?JMP
    ? .QGL​BG​T”​BSMQK?GQTCJFMQ
    @ .QGL​BG​T”​BSMQAMK?JR?NMPACLR?ECKBCEMPBSP?AMPNMP?J
    A RJCR?QLMTMQ
    B 3MBMQ
     0S?JB?QQCESGLRCQ?JRCPL?RGT?QMNPGLAGN?JKCA?LGQKMBCNCPB?BCA?JMPAMPNMP?JLMCVCPA”AGMNP?RGA?BMLMA?JMP
    ? "MLTCAŽM
    @ "MLBSŽM
    A 1?BG?ŽM
    B 5CLRGJ?ŽM
    C $T?NMP?ŽM
    )1>0-015>;;A2-8?;
    -? CVNMQGŽM ?ESB?  ?JRGRSBC  N?PCAC OSC CVGQRC BCNCLB‘LAG? K?GMP BM KCR?@MJGQKM BM A?P@MGBP?RM  PCQSJR?LBM CK
    PCQNMQR?QBMJ?AR?RMK?GQ?ACL​RS?B?Q
    NMPACLR?ECKBCMVGE‘LGMLM?PB??JRGRSBCKCLMP
    .QPCAMPBCQMJ”KNGAMQCKSLBG?GQDMP?KCQR?@CJCAGBMQLMQ)MEMQ.J”KNGAMQB?"GB?BCBM,VGAMCKLMQ:7905;:
    CQ?JRMQ @CKAMKML?L?R?ŽM?RK
     .QPCACNRMPCQBCDPGM?NPCQCLR?K QCCKKCLMPOS?LRGB?BCBMOSCMQBCA?JMPLMAMPNMFSK?LM
     CVNMQGŽMJGKGR?B??MA?JMPLMQBCQCKNCLFMQ(5(,9k)06:NMBCLŽM?RP?N?JF?PMBCQCKNCLFMC CK?JESLQA?QMQ NMBC
    KCJFMP?PMBCQCKNCLFMBCTGBMAGLRGA?B?RCKNCP?RSP?CCLXGK?Q?L?CP™@G?Q
    $A1?@m1?;.61@5B-?
    0S?GQQŽM?JESLQBMQD?RMPCQOSCGL¥SCLAG?K?PCESJ?ŽMB?RCKNCP?RSP?AMPNMP?J
    .OSCA?SQ???N?P‘LAG??TCPKCJF?B?B?NCJCAMKSKLMCVCPA”AGMNP?RGA?BMLMA?JMP
    "MKM RPCGL?BMP  TMA‘ CQRŠ AMLBSXGLBM SK RPCGLM LM A?JMP 0SC ?QNCARMQ BM BCQCKNCLFM TMA‘ CQNCP? OSC QCH?K
    NPCHSBGA?BMQ OS?GQTMA‘?APCBGR?OSCLŽMQCPŽM?DCR?BMQNCJMA?JMPCOS?JMGKN?ARMNPCTGQRM
     .OSCBGDCPCLRCL??JRGRSBCK?GQ?JR?CNPMKMTCBCAPCKCLRMQLMBCQCKNCLFM
     0S?GQMQPGQAMQOSCNMBCKMQCLAMLRP?P?MCQA?J?PSK?KMLR?LF?

    "#&

    3<9=1kj??B?NR?CQ?MAJGK?GLBSXGB?QBCK?LCGP??PRG¤AG?J
    3<9=1D9J1kj?NPMACQQMBC?B?NR?ŽM?SKAJGK?
    =295>D589@?2gB93??K@GCLRCA?P?ARCPGX?BMNCJ?NPCQQŽMPCBSXGB?B??JRGRSBC
    B?>3?3?>CDB9kj?PCBSŽMBMBG‹​KC​RPMBMQ@PMLOS”MJMQNSJKML?PCQ
    B?>3?3?>CDB9kj?9>4EJ941@5<?5H5B3o39?PCBSŽMBMBG‹​KC​RPMBMQ@PMLOS”MJMQNSJKML?PCQBCQCL​A?​BC?​B?LM
    GL”AGMB?NPŠRGA?BMCVCPA”AGM?@PMLAMAMLQRPGŽMA?P?ARCPGX?KSGR?QAMLBGCQ?QKŠRGA?Q C?!($NMBCQCPBCQCL​A?​BC?​B?
    NCJMCVCPA”AGMBC,5+<9(5*,CKNCQQM?QAMK?QK?GLBSXGB?NCJMCVCPA”AGM
    j92B1C4?31<?BAŽG@P?Q​KSQASJ?​PCQOSCMAMPPCKLMA?JMP KSGR?QTCXCQPCQSJR?LRCQB?BCQGBP?R?ŽM B¤AGRBCQ™BGMLM
    AMPNMRMBMCD?BGE?LCSPM​KSQASJ?P
    ?>4Ekj?RP?LQDCP‘LAG?BCA?JMPCLRPCBMGQM@HCRMQCKAMLR?RMSKAMKMMSRPM
    ?>F53kj?KCA?LGQKMBCPCQDPG?KCLRMAMPNMP?JLMOS?JM?PN?QQ?NCJMAMPNM?HSB?LBML?NCPB?BCA?JMPAMPNMP?J
    ?@9>7 C1>7Eo​>5? ?SKCLRM B? OS?LRGB?BC BC FCKŠAG?Q NMP RP?LQDSQŽM MS SQM BC CPGRPMNMCRGL? $/.  N?P? ?ACJCP?P ?
    NPMBSŽMBCFCKŠAG?Q
    F1@?B1kj?NPMACQQMNCJMOS?JMQJ”OSGBMQ?@QMPTCKA?JMPCMRP?LQDMPK?KCKEŠQOS?LBMMQSMPCT?NMP?BMAMPNMMS
    ?PžKGBMJG@CP?BMBMQNSJKCQ MA?JMPR?K@KJG@CP?BMBMAMPNM
    H1ECDj? 31EC141 @5<? 31<?B AMLBGŽM L? OS?J ? CVNMQGŽM  RCKNCP?RSP? CJCT?B? A?SQ? N?JGBCX  AŽG@P?Q ​KSQASJ?​PCQ
    NCPQGQRCLRCQ  DP?OSCX?  BCQK?GMQ  RMLRSP?Q  ACD?JCG?  FGNCPTCLRGJ?ŽM  LŠS​QC?Q  ?LMPCVG?  BG?PPCG?  BGKGLSGŽM BM B@GRM
    SPGLŠPGMCRCKNCP?RSP?AMPNMP?JACLRP?JT?PG?LBMECP?JKCLRCCLRPCj"Cj"
    9@5BD5B=91?SKCLRMB?RCKNCP?RSP?AMPNMP?JGLRCPL?NPMDSLB??AGK?BMLMPK?J
    9@?D5B=91 AMLBGŽM L? OS?J ? RCKNCP?RSP? BM AMPNM PCBSX ? NMLRM BC NPCHSBGA?P MS GKNMQQG@GJGR?P ?Q DSLCQ
    ¤QGMJ™EGA?QLMPK?GQ
    9@?H91AMKNPMKCRGKCLRMBMDMPLCAGKCLRMBCMVGE‘LGM?MQRCAGBMQ ?JTM
    [>4935 45 5CDB5CC5 31EC14? @5<? 31<?B ”LBGAC OSC AMK@GL? RCKNCP?RSP? C SKGB?BC N?P? BCRCPKGL?P ? OS?LRGB?BC BC
    CQRPCQQC¤QGMJ™EGAMOSCQCPŠBCKMLQRP?BMNCJMAMPNMQM@CQQ?QAMLBGCQ
    >D5B=1kj? AMLBGŽM L? OS?J ? CVNMQGŽM Q ?JR?Q RCKNCP?RSP?Q A?SQ? ?ACJCP?ŽM B? DPC​OS‘LAG? A?PB”?​A? R?OSGA?PBG?
    FGNMRCLQŽM  QSBMPCQC CK@MP? ? NCJC NMQQ? CQR?P QCA? LM KMKCLRM BM AMJ?NQM  FGNCPTCLRGJ?ŽM  ?JRCP?ŽM BM CQR?BM
    KCLR?J  BG?PPCG?  AMLTSJQCQ C AMK? M žLGAM KRMBM NPCAGQM BC BCRCPKGL?ŽM B? GLRCPK?ŽM  NCJ? KCBGB? B?
    RCKNCP?RSP?PCR?JCQQ?AMLBGŽMPCOSCP?RCLŽMKBGA?GKCBG?R?
    C?D5B=1RGNMBCJGLF?BCAMLRMPLMMSBCJGKGR?ŽMQSNCP¤AG?JOSCAMLCAR?NMLRMQBCGES?JRCKNCP?RSP?
    #1<17E4?41=?>D1>81AMLBGŽMN?RMJ™EGA?A?SQ?B?NCJ?CVNMQGŽM?ESB?@?GV?NPCQQŽMN?PAG?JBCMVGE‘LGML?Q?JR?Q
    ?JRGRSBCQ
    &B5CCj?21B?=lDB931NPCQQŽMCVCPAGB?NCJM?PAGPASLH?ACLRC
    &B5CCj? @1B391< RCLQŽM BC SK B?BM EŠQ AMKM M MVGE‘LGM   A?JASJ?B? NCJM NPMBSRM B? NPCQQŽM @?PMKRPGA? C
    NMPACLR?ECKBMPCDCPGBMEŠQLM?P
    (124?=9s​<9C5 BCQRPSGŽM BM RCAGBM ​KSQASJ?P OSC PCQSJR? CK NPCQCL? BC KGMEJM@GL? LM Q?LESC C MSRP?Q NPMRC”​L?Q ​
    KSQASJ?​PCQLMPK?JKCLRCCLAMLRP?B?QLM​KžQASJM
    (1491kj?NCPB?BCA?JMPL?DMPK?BCMLB?QCJCRPMK?ELRGA?Q
    )o>3?@5BCQD?JCAGKCLRMCKPCQNMQR?CVNMQGŽM?MA?JMP KSGR?QTCXCQM@QCPT?B?CKNCQQM?QLŽM?AJGK?RGX?B?Q?MRCKNM
    OSCLRC
    *5=@5B1DEB1 7<?21< 45 2E<2? w=94? -* RCKNCP?RSP? AMK@GL?B? SQ?B? N?P? CQRGK?P M CDCGRM B? RCKNCP?RSP?
    SKGB?BCCP?BG?ŽMQMJ?PQM@PCMQQCPCQFSK?LMQ
    *5B=?BB57E<1kj?NPMACQQMBC?JRCP?ŽMBMQNPMACQQMQ¤QGMJ™EGAMQCKPCQNMQR?Q?MQCQR”KSJMQN?P?K?LRCP?RCKNCP?RSP?
    AMPNMP?JCQRŠTCJ
    +=94145B5<1D9F1NCPACLRS?JBCT?NMPBŠES?LM?P
    ,5<?394145453?>4Ekj?>5BF?C1TCJMAGB?BCL?OS?JMQGKNSJQMQCJRPGAMQQŽMAMLBSXGBMQLMLCSPšLGMKMRMP
    ,5>D9<1kj?@E<=?>1BTMJSKCRMR?JBCEŠQNMPKGLSRMGLQNGP?BMMSCVNGP?BM

    "?#

     PKQRPMLE+$ "?Q?#) ,GJJ?PB 2R?DDMPB, CR?J KCPGA?L"MJJCECMD2NMPRQ,CBGAGLCNMQGRGMLQR?LB$VCPRGML?J


    FC?RGJJLCQQBSPGLERP?GLGLE?LBAMKNCRGRGML,CB2AG2NMPRQ$VCPAZ
     PKQRPMLE +$  $NQRCGL 8  &PCCLJC?D )$  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB 'C?R ?LB AMJB
    GJJLCQQCQBSPGLEBGQR?LACPSLLGLE,CB2AG2NMPRQ$VCPA GZV
     PKQRPMLE +$  ,?PCQF ", 3FC GLBSARGML ?LB BCA?W MD FC?R ?AAJGK?RGX?RGML GL RP?GLCB ?RFJCRCQ 2NMPRQ ,CB
    Z
     PTCQCL  6GJQML )  1MQCL + -CPTC AMLBSARGML TCJMAGRW GL FSK?L JGK@Q UGRF J?RC QCOSCJ?C ?DRCP JMA?J AMJB GLHSPW
    $SP)"JGL(LTCQRZ
     QKSQQCL$ !MLBC /CRCPQCL% )MPECLQCL*,CAF?LM CJ?QRGANPMNCPRGCQMDFSK?LKSQAJCQ?RBGDDCPCLRRCKNCP?RSPCQ
    AR?/FWQGMJ2A?LBZ
     !CGBJCK?L! ,SX?21 %SJAM"2 CR?J2CTCLGLRCPKGRRCLRCVNMQSPCQRM?JRGRSBCGKNPMTCQCVCPAGQCNCPDMPK?LAC?R
    K,CB2AG2NMPRQ$VCPAZ
     !MSAF?K?  #CF@G ,  ,MF?KCB &  CR ?J /PMELMQRGA D?ARMPQ GL FC?R U?TC PCJ?RCB BC?RFQ ? KCR? ?L?JWQGQ PAF
    (LRCPL,CBZ
     !MSJ?LR ) 'WNMRF?J?KGA LCSPMLQ PCESJ?RGLE @MBW RCKNCP?RSPC (L %PCEJW ,)  !J?RRCGQ ",  CBQ '?LB@MMI MD
    /FWQGMJMEW  2CARGML  $LTGPMLKCLR?J /FWQGMJMEW  5MJ ( !CRFCQB?  ,# KCPGA?L /FWQGMJMEGA?J 2MAGCRW  Z
    
     !PSRQ?CPR 3# #M FGEF ?JRGRSBC L?RGTCQ F?TC CLF?LACB CVCPAGQC NCPDMPK?LAC ?R ?JRGRSBC NNJ /FWQGMJ -SRP ,CR?@
    Z
     "?Q? #)  PKQRPMLE +$  &?LGM ,2  CR ?J $VCPRGML?J FC?R QRPMIC GL AMKNCRGRGTC ?RFJCRCQ "SPP 2NMPRQ ,CB 1CN
    Z
     "?Q? #)  PKQRPMLE +$  'GJJK?L 2*  CR ?J -?RGML?J ?RFJCRGA RP?GLCPQ ?QQMAG?RGML NMQGRGML QR?RCKCLR ¥SGB
    PCNJ?ACKCLRDMP?RFJCRCQ) RFJ3P?GLZ
     "?Q?#) !CAICP2, &?LGM,2 CR?J5?JGBGRWMDBCTGACQRF?R?QQCQQ@MBWRCKNCP?RSPCBSPGLEMSRBMMPCVCPAGQCGLRFC
    FC?R) RFJ3P?GLZ
     "FCSLE22 2JCGTCPR&&+MUCPGLEMDQIGLRCKNCP?RSPCBCAPC?QCQGQMIGLCRGAK?VGK?JDMPACNPMBSARGMLGLBCNCLBCLRMD
    AMPCRCKNCP?RSPC$SP) NNJ/FWQGMJZ
     "FMBXIM 9?HIM 6)  /PMARMP #-  %G?R?PMLC 2GLEF ,  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB
    $VCPAGQC?LBNFWQGA?J?ARGTGRWDMPMJBCP?BSJRQ,CB2AG2NMPRQ$VCPAZ
     "MKC?S ,)  /MRRCGECP )  !PMUL +$ $DDCARQ MD CLTGPMLKCLR?J AMMJGLE ML DMPAC NPMBSARGML GL RFC OS?BPGACNQ ?LB
    F?KQRPGLEQ)2RPCLERF"MLB1CQZ
     "MMNCP $1  %CPP?P? ,2  !PMEJGM 2/ $VCPRGML?J FC?R GJJLCQQ ?LB CLTGPMLKCLR?J AMLBGRGMLQ BSPGLE ? QGLEJC DMMR@?JJ
    QC?QMLGLRFCQMSRFC?QR) RFJ3P?GLZ
     "MMNCP*$2MKCFGQRMPGA?JNCPQNCARGTCQMLRFCPKMPCESJ?RGML) NNJ/FWQGMJZ
     #CEPMMR #6  *CLLCW 6+ (KN?GPCB BCDCLQC MD AMPC RCKNCP?RSPC GL ?ECB FSK?LQ BSPGLE KGJB AMJB QRPCQQ K )
    /FWQGMJ1CESJ(LRCEP"MKN/FWQGMJ1Z1
     #MPPGLERML *+  3?J@MR -/ 'SK?L NSJKML?PW T?QASJ?P PCQNMLQCQ RM FWNMVG? ?LB FWNCPA?NLG? /¥SECPQ PAF
    Z
     #SD¤CJB 1  ,?PGLM %$ $DDCARQ MD NPC AMMJGLE NPMACBSPCQ ML GLRCPKGRRCLR QNPGLR CVCPAGQC NCPDMPK?LAC GL U?PK
    AMLBGRGMLQ$SP) NNJ/FWQGMJZ
     $JW ,1  "FCSTPMLR 2-  ,MLR?GL 2) -CGRFCP AJMSB AMTCP LMP JMU QMJ?P JM?BQ ?PC ?QQMAG?RCB UGRF D?QR K?P?RFML
    NCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     %CJGAGH?L  &MJH? /  ,GJAGLQIG ,  CR ?J $LF?LACKCLR MD AMJB GLBSACB T?QMBGJ?R?RGML DMJJMUGLE ?AAJGK?RGX?RGML RM
    ?JRGRSBC$SP) NNJ/FWQGMJZ
     %PGQ?LAFM 1'SK?L B?NR?RGML %SLARGML?J(LRCPNPCR?RGML2R+MSGQ ,."5,MQ@W 
     &GQMJ¤ "5 6MPI FC?R RMJCP?LAC MD BGQR?LAC PSLLCPQ (L ,GJTW /  CB 3FC ,?P?RFML /FWQGMJMEGA?J  ,CBGA?J
    $NGBCKGMJMEGA?J ?LB/QWAFMJMEGA?J2RSBGCQ-CU8MPI -83FC-CU8MPI A?BCKWMD2AGCLACQ Z
     &MLX?JCX JMLQM )  "P?LB?JJ "&  )MFLQML ), 3FC A?PBGMT?QASJ?P AF?JJCLEC MD CVCPAGQGLE GL RFC FC?R ) /FWQGMJ
    Z
     &PMTCP1% 1CCTCQ)3$VCPAGQCNCPDMPK?LACMD?RFJCRCQ?RQC?JCTCJ?LBKCRCPQ?JRGRSBC2AFUCGX92NMPRKCB
    Z
     '?UIGLQ 2  6GQUCJJ 1 1?RC ?LB KCAF?LGQK MD K?VGK?J MVWECL AMLQSKNRGML BCAJGLC UGRF ?EGLE GKNJGA?RGMLQ DMP
    CVCPAGQCRP?GLGLE2NMPRQ,CBZ
     'GLAIQML$ 'MNIGLQ6& $BU?PBQ)2 CR?J2C? JCTCJNCPDMPK?LACGLPSLLCPQSQGLE?JRGRSBCRCLRQ?¤CJBQRSBW)
    2AG,CB2NMPRZ
     'MU?PB1+ *P?CKCP6) 2R?LJCW#" CR?J3FCCDDCARQMDAMJBGKKCPQGMLMLKSQAJCQRPCLERF)2RPCLERF"MLB1CQ
     Z
     )SBCJQML #  ,?PCQF ",  %?PPCJJ ,)  CR ?J $DDCAR MD FWBP?RGML QR?RC ML QRPCLERF  NMUCP  ?LB PCQGQR?LAC CVCPAGQC
    NCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     *CLLCW 6+  ,SLAC 3  (LTGRCB PCTGCU ?EGLE ?LB FSK?L RCKNCP?RSPC PCESJ?RGML ) NNJ /FWQGMJ Z
    
     *CLLCW6+ 9CK?L,)/QWAFPMKCRPGAJGKGRQ?LBAPGRGA?JCT?NMP?RGTCAMCD¤AGCLRQDMPSL?AAJGK?RCBKCL?LBUMKCL
    ) NNJ/FWQGMJZ
     *CLLCW6+ PCTGCUMDAMKN?P?RGTCPCQNMLQCQMDKCL?LBUMKCLRMFC?RQRPCQQ$LTGPML1CQZ
     *GLSE?Q? 1  *SAFGIG *  3MLM 3  CR ?J 2SNCP¤AG?J AMMJGLE GLFG@GRQ DMPAC JMQQ GL B?K?ECB KSQAJC (LR ) 2NMPRQ ,CB
    
     +GNNG &  %P?LAFGLG ,  &SGBG &" /PMFG@GRGML MD ?PRG¤AG?J FWNMVGA CLTGPMLKCLRQ GL QNMPRQ FC?JRF PGQIQ P?RFCP RF?L
    CRFGAQ NNJ/FWQGMJ-SRP,CR?@ZBGQASQQGMLZ
     ,?PCQF ",  *P?CKCP 6)  -M@JC !)  CR ?J $VCPAGQC PCQNMLQCQ ?DRCP QFMPR ?LB JMLE RCPK PCQGBCLAC ?R   KCRCPQ
    TG?R2N?AC$LTGPML,CBZ
     ,?PCQF ",  -M@JC !)  1M@CPRQML *+  CR ?J ,?VGK?J CVCPAGQC BSPGLE FWNM@?PGA FWNMVG?  3MPP  GL KMBCP?RC
    ?JRGRSBCL?RGTCQ,CB2AG2NMPRQ$VCPAZ
     ,A"?LL#)  B?KQ6"6CR@SJ@EJM@CRCKNCP?RSPCGLBCV?LBNCPDMPK?LACGLAMKNCRGRGTCBGQR?LACPSLLCPQ,CB
    2AG2NMPRQ$VCPAZ
     ,MLR?GL 2)  "FCSTPMLR 2-  +SI?QIG '" 2UC?R KGLCP?J CJCKCLR PCQNMLQCQ BSPGLE  F MD CVCPAGQC FC?R QRPCQQ (LR )
    2NMPR-SRP$VCPA,CR?@Z
     ,MLR?GL 2)  $JW ,1  "FCSTPMLR 2- ,?P?RFML NCPDMPK?LAC GL RFCPK?JJW QRPCQQGLE AMLBGRGMLQ 2NMPRQ ,CB
    Z
     -M@JC !)  ,?PCQF ", ASRC CVNMQSPC MD AMJJCEC @?QICR@?JJ NJ?WCPQ RM KMBCP?RC ?JRGRSBC QCJCARCB NFWQGMJMEGA?J
    PCQNMLQCQ1CQ0Z
     /?RRML)3FCCDDCARQMD?ASRCAMJBCVNMQSPCRMCVCPAGQCNCPDMPK?LAC)2RPCLERF"MLB1CZ
     /CPMLLCR% 3FG@?SJR& "MSQGLC?S#+ RFCMPCRGA?J?L?JWQGQMDRFCCDDCARMD?JRGRSBCMLPSLLGLENCPDMPK?LAC) NNJ
    /FWQGMJZ
     1?QAF 6  "?@?L?A , 2CJCARGTC @P?GL AMMJGLE GQ ?DDCARCB @W UC?PGLE FC?BEC?P BSPGLE CVCPAGQC ) NNJ /FWQGMJ
    Z
     2?UI? ,-  !SPIC +,  $GAFLCP $1  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB $VCPAGQC ?LB ¥SGB
    PCNJ?ACKCLR,CB2AG2NMPRQ$VCPAZ
     2?UI? ,- /FWQGMJMEGA?J AMLQCOSCLACQ MD FWNMFWBP?RGML CVCPAGQC NCPDMPK?LAC ?LB RFCPKMPCESJ?RGML ,CB 2AG
    2NMPRQ$VCPAZ
     2AFLGCNN) "?KN@CJJ32 /MUCJJ*+ CR?J3FCCDDCARQMDAMJB U?RCPGKKCPQGMLMLNMUCPMSRNSR?LBFC?PRP?RCGL
    CJGRCAWAJGQRQ)2RPCLERF"MLB1CQZ
     2AFMCLC1!+GKGRQMDPCQNGP?RGML?RFGEF?JRGRSBC"JGL"FCQR,CBZ TG
     2RCLQPSB 3  !CPLRQCL 2  "?PJQCL *' $VCPAGQC A?N?AGRW ?LB CVCPAGQC GLBSACB @PMLAFMAMLQRPGARGML $(!  GL ? AMJB
    CLTGPMLKCLR1CQNGP,CBZ
     2UCPSN " #CRCPKGL?RGML MD AMLBSARGML TCJMAGRW GL BCJR? ?LB " ¤@PCQ GL FSK?LQ DPMK RFCPK?J RFPCQFMJBQ AR?
    /FWQGMJ2A?LBZ
     6GJ@CP 1+  2RP?W &SLBCPQCL )  +CTGLC !# $DDCAR MD FWNMVGA YBMQC^ ML NFWQGMJMEGA?J PCQNMLQCQ ?LB QC? JCTCJ
    NCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     6GJ@CP1+ NNJGA?RGMLMD?JRGRSBCFWNMVGARP?GLGLE@WCJGRC?RFJCRCQ,CB2AG2NMPRQ$VCPAZ
     6GJJG?KQML 1  "?P@M )  +SL? !  CR ?J  RFCPK?J NFWQGMJMEGA?J AMKN?PGQML MD RUM ' 9, 3 NPMRCARGTC CLQCK@JCQ
    UGRF?LBUGRFMSR?ARGTCAMLTCARGTCAMMJGLE).AASN$LTGPML,CBZ

    
    PKQRPMLE+$$VCPRGML?J'C?R(JJLCQQ"F?KN?GEL (+'SK?L*GLCRGAQ 
    PKQRPMLE+$/CPDMPKGLEGL$VRPCKC$LTGPMLKCLRQ"F?KN?GEL (+'SK?L*GLCRGAQ 
    PKQRPMLE+$ $NQRCGL8 &PCCLJC?D)$ CR?J KCPGA?L"MJJCECMD2NMPRQ,CBGAGLCNMQGRGMLQR?LB'C?R?LBAMJBGJJLCQQCQBSPGLE
    BGQR?LACPSLLGLE,CB2AG2NMPRQ$VCPA GZV
    PKQRPMLE+$ ,?PCQF",$DDCARQMDRP?GLGLE CLTGPMLKCLR ?LBFMQRD?ARMPQMLRFCQUC?RGLEPCQNMLQCRMCVCPAGQC(LR)2NMPRQ
    ,CBQSNNJ 2
    !CPEF4'SK?LNMUCP?RQS@LMPK?J@MBWRCKNCP?RSPCQ AR?/FWQGMJ2A?LB2SNNJZ
    %SJAM"2 1MAI/! "WKCPK?L (KNPMTGLE?RFJCRGANCPDMPK?LACGQ?JRGRSBCPCQGBCLACMP?JRGRSBCRP?GLGLEFCJNDSJ TG?R2N?AC
    $LTGPML,CBZ
    ,?PCQF", -M@JC!) 1M@CPRQML*+ CR?J,?VGK?JCVCPAGQCBSPGLEFWNM@?PGAFWNMVG?3MPP GLKMBCP?RC ?JRGRSBCL?RGTCQ
    ,CB2AG2NMPRQ$VCPA
    ,?XXCM12/FWQGMJMEGA?JPCQNMLQCQRMCVCPAGQC?R?JRGRSBC?LSNB?RC2NMPRQ,CBZ
    ,MMPC+& &PMTCP1%)?AI1CCTCQ?LBFGQQAGCLAC1CQNGP/FWQGMJ-CSPM@GMJ Z
    -GCJQCL!'C?R?AAJGK?RGX?RGMLcKCAF?LGQKQMD?B?NR?RGMLRMCVCPAGQCGLRFCFC?R(LR)2NMPRQ,CBQSNNJ 2

    .+
    B?KQ6" !CPL?SCP$, #GJJ#! CR?J$DDCARQMDCOSGT?JCLRQC? JCTCJ?LB?JRGRSBCRP?GLGLEML5bMK?V?LBPSLLGLENCPDMPK?LAC
    ) NNJ/FWQGMJZ
    #GJJ#! *?QAF%6 8MSQCD,* CR?J"?PBGMT?QASJ?PPCQNMLQCQ?LBRCKNCP?RSPCGLPCJ?RGMLRM?EC SQR)2NMPRQ,CBZ
    
    #GJJ #!  2MFMJR +%  ,A+C?L #"  CR ?J "?N?AGRW MD WMSLE K?JCQ ?LB DCK?JCQ DMP PSLLGLE GL BCQCPR FC?R ,CB 2AG 2NMPRQ
    Z
    %?SJILCP )  #?LGCJQ )3  !?JIC ! $DDCARQ MD RP?GLGLE ?R KMBCP?RC ?JRGRSBC ML NFWQGA?J NCPDMPK?LAC A?N?AGRW ) NNJ /FWQGMJ
     Z
    &PMTCP1% 1CCTCQ)3$VCPAGQCNCPDMPK?LACMD?RFJCRCQ?RQC?JCTCJ?LBKCRCPQ?JRGRSBC,CB3FMP?A Z
    *J?SQCL* 1M@GLQML2 ,GA?FCJ$# CR?J$DDCARMDFGEF?JRGRSBCMLK?VGK?JUMPIGLEA?N?AGRW) NNJ/FWQGMJZ
    4
    !

    ' #"#)$%'>​
    ("%#$<( $
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      &>?HNCV=;L;=IGJIMC‹ŠI=ILJIL;F??RJFC=;LM?OM=IGJIH?HN?M?MJ?=V=IM
      "RJIL IM GŒNI>IM ? ; ?@?NCPC>;>? >; J?M;A?G BC>LIMN†NC=;
     >;M >I<L;M =ON‡​H?;M
     >; JF?NCMGIAL;V; JIL
    >?MFI ​​=;G?HNI>?;L
    >;CGJ?>‡H=C;<CI?FŒNLC=;?>;;<MIL=CIG?NLC;>?L;CIM5>?>OJF;?H?LAC;!"5
      H;FCM;LAIL>OL;?MM?H=C;FP?LMOMHŠI?MM?H=C;F
      !?M=L?P?L I <;F;H‹I ?H?LAŒNC=I ? ;M G;H?CL;M >? G;HCJOF† FI J;L; CHWO?H=C;L I J?L=?HNO;F >? AIL>OL;
    =ILJIL;F
      "RJFC=;L;CHN?L;‹ŠI?HNL?>C?N;
    ?R?L==CI?<;F;H‹I?H?LAŒNC=I
      &>?HNCV=;LIMLCM=IM>;>L†MNC=;L?>O‹ŠI>?J?MI?G;NF?N;M?J?MMI;M=IGOHM>?;G<IMIMM?RIM

     RCMN? OG; KO;HNC>;>? ?HILG? >? HILN? ;G?LC=;HIM N?HN;H>I ;FN?L;L ; =IGJIMC‹ŠI
    =ILJIL;F JIL G?CI >? >C?N; ? ?R?L==CI  -?MMI;M =IGOHM <OM=;G L?>OTCL ; AIL>OL;
    =ILJIL;FJILGINCPIML?F;=CIH;>IM=IG;M;š​>? "GA?L;F
    II<D?NCPI>IM?HNOMC;MN;M>I
    ?R?L==CI Œ ;OG?HN;L ; G;MM; ​GOM=OF;L ? >CGCHOCL ; AIL>OL; =ILJIL;F >?PC>I ;IM
    <?H?@=CIM;MMI=C;>IM
    H;M;š​>?
    ‰G?FBIL;>;CG;A?G=ILJIL;F?;I;JLCGIL;G?HNI>I
    >?M?GJ?HBI @MC=I  *OCNIM NL?CH;>IL?M ? ;NF?N;M JL?I=OJ;G M? =IG ; =IGJIMC‹ŠI
    =ILJIL;F>?PC>I;IM?@?CNIM?R?L=C>IMMI<L?I>?M?GJ?HBI@MC=I "G<IL;IN;G;HBI>I
    =ILJI;@?N?I>?M?GJ?HBI@MC=I?GGOCNIM?MJILN?M
    ;G;CILC;>;MG?>C>;M>IN;G;HBI
    =ILJIL;F =IGI ;FNOL; ? =IGJLCG?HNI >I <L;‹I HŠI JI>? M?L GO>;>;  -IL IONLI F;>I
     ;
    G;MM; ? ; =IGJIMC‹ŠI =ILJIL;F MŠI <;MN;HN? L?MJIHMCP;M ‰ >C?N; ? ;I ?R?L==CI  ,
    JLIJ•MCNI >?MN? =;JNOFI Œ @ILH?=?L ; =IGJL??HMŠI >? =IGI ; =IGJIMC‹ŠI =ILJIL;F Œ
    >?N?LGCH;>;
    IM?@?CNIM>;>C?N;?>I?R?L==CIMI<L?;=IGJIMC‹ŠI=ILJIL;F?;L?F;‹ŠI
    ?HNL?=IGJIMC‹ŠI=ILJIL;F?>?M?GJ?HBI@MC=I
    ,8Br>64A0;302><?>B8sr>2>A?>A0;

    $KECP?J ?AMKNMQGŽMAMPNMP?JQCPCDCPCOS?LRGB?BC?@QMJSR?BCRCAGBM?BGNMQMCLŽM?BGNMQMLMAMPNM @CKAMKM?


    P?XŽMCLRPCEMPBSP?CK?QQ?AMPNMP?JRMR?J,"3 #1CC17?B41#?K?QQ?RMR?JMSOSGJMEP?K?Q BCRMB?EMPBSP?
    LMAMPNM CLOS?LRM=1CC1=17B1##?K?QQ?RMR?JBCRMBMQMQRCAGBMQLMAMPNM CVACRMM?BGNMQM JESK?QRALGA?Q
    BC BCRCPKGL?ŽM B? AMKNMQGŽM AMPNMP?J ?@QMPAGMKCRPG? BC P?GMQ 7 BC BSNJ? CLCPEG?  SRGJGX?K M RCPKM 4(::( 30=9, +,
    .69+<9( OSCQGKGJ?P?4(::(4(.9(.@5B35>DE1<457?B4EB13?B@?B1<MS457?B4EB1?P?XŽMB?,"3CKPCJ?ŽM
    ,&RMR?JMS,&BGTGBGB?NCJ?,"3 .!MVCGJSQRP??QPCJ?CQCLRPC,& ,,C,"3C?%GESP?KMQRP?M
    KMBCJMBMQBMGQAMKN?PRGKCLRMQB?AMKNMQGŽMAMPNMP?J-CQR?QCŽM T?KMQAMLQGBCP?P?M@CQGB?BCCNGB‘KGA??RS?JLMQ
    $4 CAMKM?AMKNMQGŽMAMPNMP?J?DCR??Q?ž​BCCMBCQCKNCLFMD”QGAM5?KMQ?@MPB?PR?K@K?QKCBGB?QBCR?K?LFM
    AMPNMP?JCM”LBGACBCK?QQ?AMPNMP?J(," CQS?PCJ?ŽMAMK?AMKNMQGŽMAMPNMP?J
    86DA0  >8B8=​38​Ew​3D>B2><0<4B<0#*?>34<C4A2><?>B8s~4B2>A?>A08B38BC8=C0BM>C@?L?H‹;MHI
    >?AIL>OL;L?MOFN;G?G>C@?L?H‹;MHIJ?MI?G<;CRI>†AO;
    H;>?HMC>;>?=ILJIL;F
    H;*$?H;**

    &36D:5256D2ƒ​5664@>A@D:wv@4@CA@C2=
    -MQ$4 ?NCQ?PBMK?GMPDMAML?BGCR?Q?SBŠTCJCL?NPŠRGA?BCCVCPA”AGMQ ?M@CQGB?BC?RS?JKCLRCCQRŠCKNPMNMPCQ
    CNGB‘KGA?Q . QM@PCNCQM  BC¤LGBM AMKM (," CLRPC  C   C ? M@CQGB?BC AMKM (," ?AGK? MS GES?J ?  TCP
    YzLBGACBCK?QQ?AMPNMP?J^ ?BG?LRC $QRGK? QCOSCACPA?BCKGJGL​BG​T”​BSMQKMPPCK?A?B??LM LMQ$4 BCBMCL​?Q
    PCJ?AGML?B?Q AMK ? M@CQGB?BC -CQQC N?”​Q  ACPA? BC  BMQ ?BSJRMQ ?NPCQCLR?K QM@PCNCQM MS M@CQGB?BC  C  QŽM
    M@CQMQ ?NCQ?PBMD?RMBCOSCB?QKSJFCPCQCBMQFMKCLQCQRŽMQCKNPCRCLR?LBMPCBSXGP?K?QQ?AMPNMP?J
    3?K@K?J?PK?LRC?PŠNGB?TCJMAGB?BCAMK?OS?J?NPCT?J‘LAG?B?M@CQGB?BCCQRŠAPCQACLBMLMQ$4 %GESP? 
    /MPCVCKNJM CK LCLFSKCQR?BM?NPCQCLR?T?R?V?BCNPCT?J‘LAG?B?M@CQGB?BCGES?JMSQSNCPGMP? NMPK HŠ
    CK ?NCL?QCQR?BMPCTCJMSNPCT?J‘LAG?GLDCPGMP? CACPA?BCBMQCQR?BMQ?NPCQCLR?P?KR?V?BCNPCT?J‘LAG?
    GES?JMSK?GMPOSC QCLBMOSCBCJCQPCTCJ?P?KT?JMPCQQSNCPGMPCQ? QCQR?R”QRGA?QBMQACLRPMQBCAMLRPMJCBC
    BMCL​?Q LMQ $4  "CLRCPQ DMP #GQC?QC "MLRPMJ ?LB /PCTCLRGML "#"  BC  ?  R?JTCX QCH?K R?K@K
    NPCMASN?LRCQ  NMGQ PCTCJ?P?K OSC  B?Q APG?L?Q BC  ?  ?LMQ BC GB?BC C   BMQ ?BMJCQACLRCQ BC  ?  ?LMQ
    CQRŽM M@CQMQ Q NPCMASN?CQ PCJ?AGML?B?Q AMK ? M@CQGB?BC L? NMNSJ?ŽM CK ECP?J QŽM ?KNJ?KCLRC BCAMPPCLRCQ B?
    ?QQMAG?ŽM BCQQ? AMLBGŽM ?M ?SKCLRM B? KMPR?JGB?BC C ?M PGQAM BC BCQCLTMJTGKCLRM BC TŠPG?Q BMCL​?Q     
    M@CQGB?BCN?PCACQCPSKD?RMPNPGKŠPGMAMKPCJ?ŽMFGNCPRCLQŽM ?MBG?@CRCQBMRGNM ?PRPGRC EMR?C??LMPK?JGB?BCQ
    KCLQRPS?GQ $K@MP? ? DMP? B? ?QQMAG?ŽM B? M@CQGB?BC AMK TŠPG?Q BMCL​?Q BGDCPCLRCQ T?PGC  ? M@CQGB?BC RCK QGBM
    PCJ?AGML?B?AMK?QQCESGLRCQBMCL​?Q

    !& " 0/!"$#%$


    -4)do-;-6<:-);5-,1,);*`;1+);,)+7587;1dc7+7:87:)4
    ,,  ,& C  BC EMPBSP? QŽM KCBGB?Q GLRCP PCJ?AGML?B?Q B? AMKNMQGŽM AMPNMP?J 3MB?Q CQQ?Q KCBGB?Q B?
    AMKNMQGŽMAMPNMP?JQŽMD?AGJKCLRCA?JASJ?B?QQCSK?MSK?GQKCBGB?QDMPCKAMLFCAGB?Q/MPCVCKNJM QC
    ,"3IE
    BCEMPBSP?
    ,&,"3nBCEMPBSP?
    ,&IEn 
    ,& IE
    ,,,"3Z,&
    ,,IEZ IE
    ,, IE
    /CPACLRS?JBC,,,, ZBCEMPBSP?
    ,,Z
    ,,
    ,,,,,"3n
    ,, IEIEn
    ,, n
    ,,
    86DA0    ?A4E0;u=280 30 >14B83034 =>B + 0D<4=C>D 34 <0=48A0 3AoBC820 34 

     "G 


      
    G;CM>;G?N;>?>IM?MN;>IM;JL?M?HN;P;N;R;M>?JL?P;FH=C;
    JILŒGH?HBOG?MN;>I
    GIMNL;P;N;R;M "G 
    ;J?H;M?MN;>IGIMNLIOJL?P;FH=C;CH@?LCIL; IFIL;>I

    KO;M?G?N;>?>IM?MN;>IML?P?FION;R;M?H?HBOG?MN;>I;JL?M?HNIO "G 

    ;J?H;M?MN;>IM;JL?M?HN;L;GN;R;M>?JL?P;FH=C;
    =?L=;>?>IM?MN;>IMGIMNL;L;GN;R;M?
    ?MN;>IM "G
    ;J?H;M?MN;>IL?P?FION;R;>?JL?P;FH=C; IFIL;>I
    =?L=;>?
     >IM ?MN;>IM GIMNL;L;G N;R; >? JL?P;FH=C;   ?  ?MN;>IM    #IHN?
    QQQ =>= AIP I<?MCNS >;N; NL?H> BNGF

     #MCL?A?PBGMT?QASJ?P
     'GNCPRCLQŽM
     RCPMQAJCPMQC
     $DCGRMQLCE?RGTMQLMNCP¤JJGN”BGAMBMQ?LESC
     #G?@CRCQRGNM
     NLCG?BMQMLMGLRCPPSNŽMB?PCQNGP?ŽMBSP?LRCMQMLM
     .QRCM?PRPGRC
     "MKNJGA?CQL?EP?TGBCXCAGPSPEG?
     JESLQRGNMQBCA‹LACPSRCPGLM PCL?J AMJMPPCR?J CQMDŠEGAM
     #MCL?B?TC​Q”ASJ?@GJG?P
     BCNMQGŽM BC EMPBSP? L? ​ŠPC? ?@BMKGL?J  MS ?25C94145 35>DB1< R?K@K AF?K?B? BC 6),:0+(+, (5+960+,   K?GQ
    DMPRCKCLRC?QQMAG?B?K?GMPG?B?QBMCL​?Q?LRCPGMPKCLRCAGR?B?QBMOSC?25C94145@5B96lB931R?K@KBCLMKGL?B?
    BC6),:0+(+,+6;076.0560+, MSBCNMQGŽMBCEMPBSP?L?QPC​EGCQEJžRC?CB?QAMV?Q  QQGK LŽM?NCL?Q?M@CQGB?BCCQRŠ
    ?QQMAG?B??BGTCPQ?QBMCL​?Q AMKMR?K@K?JMA?JGX?ŽMBMRCAGBM?BGNMQMLMAMPNM?DCR??Q?ž​BCECP?J

    2FD2D52@36D:5256
    Q NCPESLR?Q NMP OSC ?Q NCQQM?Q ?BOSGPCK CVACQQM BC EMPBSP? AMPNMP?J C NMP OSC GQQM TCK ?AMLRCACLBM AMK SK?
    OS?LRGB?BC A?B? TCX K?GMP BC GL​BG​T”​BSMQ LŽM R‘K SK? PCQNMQR? QGKNJCQ  A?SQ? DSLB?KCLR?J  M AMLQSKM BC A?JMPG?Q
    RMR?GQQSNCPGMP?MQCSE?QRM-MCLR?LRM KSGRMQD?RMPCQGLRCP PCJ?AGML?BMQCQRŽMCLTMJTGBMQ ECLRGA?RCKJGE?ŽMAMK?
    M@CQGB?BC/MPCVCKNJM MQN?PCQBCE‘KCMQKMLMXGE™RGAMQGB‘LRGAMQ K?LRGBMQCKBGCR?QAMLRPMJ?B?QBCIA?JãBG?Z
    ?K?GQOSC?QA?JMPG?QLCACQQŠPG?QN?P?K?LRCP?K?QQ?AMPNMP?JK?GQOSC?R?V?KCR?@™JGA?BCPCNMSQM:3,1< NMP
    BG?Q E?LF?P?K OS?LRGB?BCQ QGKGJ?PCQ BC K?QQ? AMPNMP?J $LRPCR?LRM  M PC?J E?LFM BC NCQM BCKMLQRP?BM NCJMQ N?PCQ BC
    E‘KCMQT?PGMSCLRPC C IE BCKMLQRP?LBMOSCN?PCQBCE‘KCMQBGQRGLRMQ?BOSGPGP?KOS?LRGB?BCQQS@QR?LAG?JKCLRC
    BGDCPCLRCQ BC NCQM OS?LBM GLECPGP?K ? KCQK? OS?LRGB?BC RMR?J BC A?JMPG?Q $K@MP? P?P? CK FSK?LMQ  NMBC MAMPPCP
    GLA?N?AGB?BC B?Q AJSJ?Q ?BGNMQ?Q N?P? NPMBSXGP JCNRGL?  SK? QS@QR‹LAG? QGKGJ?P ? SK FMPKšLGM OSC QGL?JGX? ?Q PCQCPT?Q
    QS¤AGCLRCQBCEMPBSP?CNPMKMTCM@?J?LMCLCPERGAMLCE?RGTM$QQ?GLA?N?AGB?BCBCAMPPCLRCBMBCDCGRMLMECLC6)
    ECLC OSC AMLRPMJ? ? NPMBSŽM BC JCNRGL? Q APG?L?Q NMPR?BMP?Q BCQQC BGQRžP@GM ?NPCQCLR?K OS?LRGB?BCQ K”LGK?Q BC
    JCNRGL? L? AMPPCLRC Q?LES”​LC? C NMSAM AMLRPMJC QM@PC M ?NCRGRC  AMKCLBM KSGRM K?GQ OSC ?Q MSRP?Q APG?L?Q Q
    ?JRCP?CQ LM AMLRPMJC BM ?NCRGRC NMBCK ?SKCLR?P ? AF?LAC BC M@CQGB?BC /MP CVCKNJM  ? PCQNMQR? B? GLQSJGL? 
    ?JGKCLR?ŽMRCKAMPPCJ?ŽMAMK?BGKGLSGŽMBM?NCRGRCLMQGL​BG​T”​BSMQBCNCQMLMPK?J-MQGL​BG​T”​BSMQM@CQMQCAMK
    QM@PCNCQM  ? PCQNMQR? B? GLQSJGL? ?M ?JGKCLRM LŽM RCK AMPPCJ?ŽM AMK ? ?JRCP?ŽM LM ?NCRGRC (QQM GLBGA? OSC MQ QGL?GQ
    LMPK?GQBCQ?AGCB?BC AMKM?PCQNMQR?B?GLQSJGL??JGKCLR?ŽM CQRŽMAMKNPM@JCK?QLMQGL​BG​T”​BSMQAMKQM@PCNCQMMS
    M@CQMQ MOSCPCKMTC?QCLQ?ŽMLMPK?JBCQ?AGCB?BCCKPCQNMQR??JGKCLR?ŽM GL?RGTGB?BCD”QGA?R?K@KSK?A?SQ?
    BCM@CQGB?BC0S?LRMK?GQRCKNM?NCQQM?N?QQ?CK?RGTGB?BCQQCBCLRŠPG?Q AMKM?QQGQRGPRCJCTGQŽMCHME?P=0+,6.(4,:
    K?GQNPMNCLQ?CQR?PŠ?MQM@PCNCQM"MKCPCKCVACQQM NMPOS?JOSCPP?XŽM SK?CVNJGA?ŽMN?P?ME?LFMBCNCQM.
    ?@SQM ?JGKCLR?P NMBC QCP ASJRSP?JKCLRC CLTGCQ?BM  BCTGBM ? D?RMPCQ CAMLšKGAMQ C QMAG?GQ MS FŠ@GRMQ ?JGKCLR?PCQ
    PSGLQ   'MHC CK BG?  CVGQRC SK? ?@SLB‹LAG? BC ?JGKCLRMQ KSGRM A?J™PGAMQ C PGAMQ CK EMPBSP?  NPMLR?KCLRC
    BGQNML”TCGQ ASH?ASJN? CKN?PRC BMQ-(:;-66+: JKBGQQM NMPCQK?GMPCQMSYQSNCP^NPMKMTCK?GLECQRŽMBCK?GQ
    OSGJMA?JMPG?Q .Q R?K?LFMQ B?Q NMPCQ BC OS?QC RMBMQ MQ ?JGKCLRMQ C @C@GB?Q ?SKCLR?P?K BC KMBM RPCKCLBM L?Q
    žJRGK?QBA?B?Q QM@PCRSBMLMQPCQR?SP?LRCQBC-(:;-66++MEM FŠSK?QPGCBCD?RMPCQPCJ?AGML?BMQOSCAMLRPG@SCKN?P?
    ?CNGBCKG?BCM@CQGB?BC!MVC 

    ,4& ;
    81,-51),-7*-;1,),-
    9C1" 1D{5<4&8
    ,7(9;4,5;6-05,:0636.@
    "50=,9:0;@6-/6+,:3(5+
    05.:;65

    .Q"CLRPMQBC"MLRPMJCBC#MCL?QLMQ$4 "#" PCJ?R?KOSCBMQ?BSJRMQAMKGB?BCGES?JMSQSNCPGMP?


    ?LMQCQRŽMM@CQMQ BC¤LGBMQAMKM(,".QKSGRMQPGQAMQN?P??Q?ž​BC?QQMAG?BMQM@CQGB?BCCLEJM@?K
    BMCL​?A?PB”?​A?AMPML?PG?L?BG?@CRCQRGNMA‹LACPCQCQNCAG?JKCLRCCLBMKCRPG?J BCK?K?CAMJM FGNCPRCLQŽM
    BGQJGNGBCKG? 5$ BMCL​? BM D”E?BM C B? TC​Q”ASJ? @GJG?P ?NLCG? BM QMLM C NPM@JCK?Q PCQNGP?R™PGMQ MQRCM​?PRPGRC C
    NPM@JCK?QEGLCAMJ™EGAMQGPPCESJ?PGB?BCB?KCLQRPS?ŽMCGLDCPRGJGB?BC 
    MKCQKMRCKNMOSCQŽM?J?PK?LRCQ CQQ?QCQR?R”QRGA?QLCKQCKNPCA?SQ?KNPCMASN?ŽMCKACPR?QNMNSJ?CQ
    /MP CVCKNJM  M ?SKCLRM BM PGQAM BC BMCL​? QC @?QCG? LM (,"  C LŽM LCACQQ?PG?KCLRC LM NCPACLRS?J BC EMPBSP?
    AMPNMP?J MS L? OS?LRGB?BC BC K?QQ? ​KSQASJ?P #C D?RM  RMBM HME?BMP B? -?RGML?J !?QICR@?JJ QQMAG?RGML QCPG?
    AMLQGBCP?BM M@CQM NMP CQQCQ N?BPCQ  ?NCQ?P BC  CK ECP?J  QCPCK GL​BG​T”​BSMQ AJ?P?KCLRC K?EPMQ C AMK
    AMLBGAGML?KCLRM?CP™@GM JKBMK?GQ ?JESLQNPMNMLCLRCQ?PESKCLR?KOSCGL​BG​T”​BSMQ?RGTMQBMNMLRMBCTGQR?
    D”QGAM ?NPCQCLR?K PGQAM KCLMP BC BMCL​? ?NCQ?P BM R?K?LFM AMPNMP?J /MP CQQ? P?XŽM  MQ "#" R?K@K
    PCAMKCLB?K ? SRGJGX?ŽM B? AGPASLDCP‘LAG? ?@BMKGL?J AMKM D?RMP BC PGQAM BC BMCL​?  SK? TCX OSC ? EMPBSP?
    ?@BMKGL?JCQRŠGLRGK?KCLRCAMPPCJ?AGML?B?AMKMPGQAM
    "MKBCM@CQGB?BC RPCGL?BMPCQCNCQQM?QOSCRP?@?JF?KAMKAMLBGAGML?KCLRMCQ?ž​BCCQRŽMQCBCN?P?LBM
    A?B? TCX K?GQ AMK SK? AJGCLRCJ? M@CQ? +?KCLR?TCJKCLRC  MQ "#" C ? K”BG? NPMKMTCK ? M@CQGB?BC AMKM ?JEM
    QGKNJCQ /MP CVCKNJM  QMKMQ @MK@?PBC?BMQ NMP NPMN?E?LB?Q BC N”JSJ?Q BC CK?EPCAGKCLRM OSC YBCPPCRCK ?
    EMPBSP?^ LMQN?QQ?LBM?KCLQ?ECKBCOSC?PCBSŽMBCNCQMQGKNJCQCOSCRMBMKSLBMA?N?XBCCJGKGL?PNCQM
    ?NCL?QQCAMLQSKGP?KCBGA?ŽMAMPPCR?CN?PRGAGN?PBCSKNPMEP?K?BCCVCPA”AGMCBGCR?(LDCJGXKCLRC ?PCBSŽM
    BC NCQM  SK? R?PCD? AMKNJCV? OSC GLAJSG AMLQCESGP M COSGJ”@PGM CLRPC ? A?PPCGP? C ?Q M@PGE?CQ D?KGJG?PCQ
    SJRP?N?QQ?P M@QRŠASJMQ ?K@GCLR?GQ AMKM KMP?P L? XML? PSP?J QCK RP?LQNMPRC ?BCOS?BM  RCP AMLBGCQ ¤L?LACGP?Q
    N?P? AMKNP?P MQ COSGN?KCLRMQ BMQ CVCPA”AGMQ ?QQMAG?P QC ? SK? ?A?BCKG? RCP AMLFCAGKCLRM N?P? AMKC?P SK
    NPMEP?K? BC CVCPA”AGMQ C ?GLB? QM@PCNMP ?Q AMLBGCQ ¤QGMJ™EGA?Q  AMKM BCQCOSGJ”@PGMQ FMPKML?GQ OSC RMPL?K ?
    PCBSŽMBCNCQMBGD”AGJ?NCQ?PB?NPŠRGA?BCCVCPA”AGMCB?BGKGLSGŽMBMAMLQSKMBCA?JMPG?Q
    3?JTCX SK BMQ K?GMPCQ M@QRŠASJMQ  QSNCP?ŽM B? M@CQGB?BC QCH? M NQGAMJ™EGAM  BGQAPGKGL?ŽM AMLRP? NCQQM?Q
    M@CQ?Q  AMKSK L? Q?ž​BC  LM JMA?J BC RP?@?JFM C L? CBSA?ŽM  NMBCLBM A?SQ?P GKN?ARMQ QM@PC M @CK CQR?P
    NQGAMJ™EGAM  $QQ? BGQAPGKGL?ŽM KSGR?Q TCXCQ  EP?TC 4K? PCTGQŽM B? JGRCP?RSP? AMLQR?RMS OSC  BMQ
    NPMDCQQMPCQ ?APCBGR?K OSC QC RMPL?P M@CQM  ? NGMP AMGQ? OSC NMBC ?AMLRCACP ? SK CQRSB?LRC C OSC  B?Q
    CLDCPKCGP?Q QCLRCK YPCNSJQ?^ NCJMQ GL​BG​T”​BSMQ M@CQMQ  GLTMA?ŽM BC CKMCQ RŽM DMPRCQ @?​QC?​B? QMKCLRC LM
    R?K?LFMAMPNMP?JB?NCQQM??J?PK?LRCC QCKBžTGB? RCKCDCGRMQM@PCMGL​BG​T”​BSM?OSCKCQQCQQCLRGKCLRMQQŽM
    BGPCAGML?BMQ
    $VGQRCK BGTCPQ?Q K?LCGP?Q NCJ?Q OS?GQ NPCN?P?BMPCQ D”QGAMQ  7,9:65(3 ;9(05,9: C NPM¤QQGML?GQ B? Q?ž *
    BCAMLBGAGML?KCLRM NMBCK MDCPCACP SK KMBM NMQGRGTM C žRGJ BC NPMKMTCP ? PCBSŽM BC NCQM CK QCSQ AJGCLRCQ
    ?AGK?BMNCQM
    4EAE5 C5EC 3<95>D5C AE1>D? 1?C B9C3?C 41 ?25C94145 5 25>56o39?C 41 1D9F94145 6oC931  /MP CVCKNJM
    AMLQR?LRCKCLRC MDMAM?PCBSŽMBCNCQM OS?LBM L?TCPB?BC ?NCL?Q?GLRCLQG¤A?ŽMB?Q?RGTGB?BCQD”QGA?QNMBC
    PCBSXGPMQPGQAMQN?P??Q?ž​BCBC?JESK?QBMCL​?QCKACPA?BC5MA‘NMBCR?K@KCQR?@CJCACPKCR?QP?XMŠ​
    TCGQ PCJ?AGML?B?Q AMK ? ?RGTGB?BC  ?SRMKMRGT?ŽM NMBC QCP K?GMP OS?LBM MQ M@HCRGTMQ QŽM ?JA?L?BMQ  M OSC
    PCQSJR?CK?RGRSBCK?GQNMQGRGT?N?P?AFCE?P?MQM@HCRGTMQBGCRRGAMQ?BGAGML?BMQNMQRCPGMPKCLRC?MNPMEP?K?
    "5F5 ?C ?2CDg3E<?C 5= 3?>C945B1kj? 1? 5<12?B1B E= @<1>?  3CKNM  M@PGE?CQ D?KGJG?PCQ C BGLFCGPM QŽM ?Q 
    NPGLAGN?GQ@?PPCGP?QN?P??@SQA??RGT?BMQM@HCRGTMQB?PCBSŽMBCNCQM5MA‘NPCAGQ?CQR?P?RCLRM?MQCKNCAGJFMQ
    GL​BG​TG​BS?GQBCA?B?SKCQCPAPG?RGTMN?P?CLAMLRP?PK?LCGP?QBCSJRP?N?QQ?PCQQ?Q@?PPCGP?Q/CBGPQGKNJCQKCLRC
    N?P??NCQQM??AMPB?PK?GQACBMCD?XCPSK?A?KGLF?B?K?RGL?JLŽM?BG?LR?
    :E45C5EC3<95>D5C1C5D?B>1B5=1EDt>?=?C>?C8g29D?C1<9=5>D1B5C>1CB?D9>1C455H5B3o39?C55=C5EC
    ?2:5D9F?C 2MJGAGRC?MQAJGCLRCQQMJSCQN?P?MQNPM@JCK?QNCPAC@GBMQ CKTCXBCBGXCP?CJCQMOSCBCTCKD?XCP
     M@CQGB?BC  SK? OSCQRŽM AMKNJCV? C Q TCXCQ AMLRPMTCPQ?  DCPP?KCLR? K?GQ GKNMPR?LRC N?P? TMA‘ C QCSQ
    AJGCLRCQ M@CQMQ  K?LRCP QC GLDMPK?BM B?Q AMLQC​OS‘LAG?Q QMAG?GQ  NQGAMJ™EGA?Q C N?P? ? Q?ž​BC C ?BMR?P GBCG?Q
    GLMT?BMP?QN?P?SJRP?N?QQ?P?Q@?PPCGP?Q?MCQRGJMBCTGB?Q?SBŠTCJ

    %121>g:/5-?
     "#".TCPUCGEFR?LB.@CQGRW RJ?LR? & "#" T?GJ?@JC?RUUUABAEMT
     /SFJ1 !PMULCJJ*#!G?Q BGQAPGKGL?RGML ?LBM@CQGRW.@CQ1CQ Z
     /SFJ1, !PMULCJJ*#/QWAFMQMAG?JMPGEGLQMDM@CQGRWQRGEK?RMU?PBAF?LEGLE?NMUCPDSJ?LBNCPT?QGTC@G?Q.@CQ1CT
     Z
     6?PBJC )  "MMIC + 3FC GKN?AR MD M@CQGRW ML NQWAFMJMEGA?J UCJJ @CGLE !CQR /P?AR 1CQ "JGL $LBMAPGLMJ ,CR?@
     Z

    6D6>A6?9@7{D:4@64@>A@D:wv@4@CA@C2=
    "MKMQCNMBCQSNMP ?AMKNMQGŽMAMPNMP?J?DCR?BCK?LCGP?QGELG¤A?RGT?MBCQCKNCLFMD”QGAM/MPCVCKNJM SKGL_ G
    q”*
    BSMAMK,&MSBCEMPBSP?K?GQ?JRMQ NMPKAMK?KCQK?,,BCMSRPMGL​BG​T”​BSMNPCAGQ?A?PPCE?PK?GQ,"3L?Q
    QS?Q?RGTGB?BCQD”QGA?Q AMKMAMPPGB?CQ?JRMQ PCQSJR?LBMCKBCAJ”LGMLMBCQCKNCLFM#?KCQK?K?LCGP? ,&MSBC
    EMPBSP?K?GQ?JRMR?K@KBGKGLSGMAMLQSKMKŠVGKMBCMVGE‘LGMPCJ?RGTMKlãIEZãKGKZ NMGQMAMLQSKM?@QMJSRMBC
    MVGE‘LGMlãKGKZ BGTGBGBMNCJ?,"3K?GMP MAMLRPŠPGM NMQQ”TCJQSECPGPOSC?,,K?GMPQCH?SK?T?LR?ECKL?Q
    KCBGB?QBCDMP??@QMJSR? AMKMPCNCRGŽMKŠVGK?1, BCJCT?LR?KCLRMBCNCQMLMQSNGLMFMPGXMLR?J
    .?SKCLRMB?EMPBSP?AMPNMP?JRCKKMQRP?BMAMPPCJ?CQLCE?RGT?QAMKMBCQCKNCLFMCKRCQRCQBCAMLBGAGML?KCLRM
    D”QGAM ECP?J   AMLRSBM LCLFSK? PCJ?ŽM CLRPC AMKNMQGŽM AMPNMP?J CVACRM ,"3  C BCQCKNCLFM D”QGAM DMG
    KMQRP?B? $KN?PRC NMQQ”TCJCVNJGA?PCQQCQPCQSJR?BMQGLAMLQGQRCLRCQCLRPCAMKNMQGŽMAMPNMP?JCBCQCKNCLFMD”QGAM
    NCJM RGNM BC ?RGTGB?BC D”QGA? KCBGB? C NCJ? T?PG?ŽM B? AMKNMQGŽM AMPNMP?J  ?  BC EMPBSP? MS  ?  BC
    EMPBSP? L?QNMNSJ?CQCV?KGL?B?Q.CDCGRMBCQQCQD?RMPCQL?PCJ?ŽMCLRPCAMKNMQGŽMAMPNMP?JCBCQCKNCLFMD”QGAM
    BCKMLQRP?BMNCJMQPCQSJR?BMQBCBGTCPQMQCQRSBMQPC?​JG​X?BMQAMK?RJCR?Q
    ,,BCJCT?LR?BMPCQBCNCQMAMKNCRGRGTMQBCKMLQRP?AMPPCJ?CQQGELG¤A?RGT?Q9 ?  AMKMRCQRCBC1,
    LMJCT?LR?KCLRMCKQSNGLMFMPGXMLR?J ?E?AF?KCLRMCJCT?LR?KCLRMRCPP?)ME?BMPCQBCDSRC@MJ?KCPGA?LMSLGTCPQGRŠPGM
     BC EMPBSP?    h   :KBG? h #/<  KMQRP?K AMPPCJ?CQ AMLQGBCPŠTCGQ  NMPK DP?A?Q ? KMBCP?B?Q  CLRPC ?
    AMKNMQGŽMAMPNMP?JCMBCQCKNCLFMD”QGAM3?@CJ? #?KCQK?K?LCGP? HME?BMPCQBCDSRC@MJSLGTCPQGRŠPGMBC
    EMPBSP?    h    R?K@K PCTCJ?K AMPPCJ?CQ DP?A?Q ? KMBCP?B?Q CLRPC AMKNMQGŽM AMPNMP?J C BCQCKNCLFM D”QGAM
    3?@CJ? .@QCPTCOSC?QAMPPCJ?CQT?PG?KBCLŽMQGELG¤A?RGT?Q,,CBCQCKNCLFMLMQ?JRMTCPRGA?JBCHME?BMPCQ
    BC DSRC@MJ  MS ,& C A?N?AGB?BC BC JCT?LR?KCLRM BC NCQM CK QSNGLM FMPGXMLR?J BC HME?BMPCQ BC DSRC@MJ ?KCPGA?LM  ?
    QGELG¤A?RGT?Q NMPKKMBCP?B?QBCEMPBSP?CRCKNMBC:7905;BC KBCHME?BMPCQBCDSRC@MJ?KCPGA?LM MS,&
    RMR?JCRCKNMBC:7905;BC KBCHME?BMPCQBCDSRC@MJ /MPR?LRM ?KCBGB?B?AMKNMQGŽMAMPNMP?JSQ?B?C?R?PCD?D”QGA?
    CV?R?RCLR?B??DCR?K?GKNMPR‹LAG?BCSK?AMPPCJ?ŽM
    .NCPACLRS?JBCEMPBSP?CVCPACNCOSCLMCDCGRMQM@PCMRCQRCBC1,LMJCT?LR?KCLRMBCNCQMCKQSNGLMFMPGXMLR?J
    NMGQ LCQQ?R?PCD?D”QGA? ?K?QQ?AMPNMP?J?BGAGML?JBCAMPPCLRCBM?SKCLRMBMBCEMPBSP?LŽMNPCAGQ?QCPA?PPC?B?MS
    KMTGB? BSP?LRC ? ?RGTGB?BC $LRPCR?LRM  M  BC EMPBSP? LŽM PCTCJ? AMPPCJ?CQ QGELG¤A?RGT?Q AMK :7905; ASPRM C Q?JRM
    TCPRGA?J v GKNMPR?LRC M@QCPT?P OSC  N?P? ?JESK?Q R?PCD?Q  ? ,"3  NMQGRGT?KCLRC AMPPCJ?AGML?B? AMK M BCQCKNCLFM
    D”QGAM GLBGA?LBMOSCMR?K?LFMAMPNMP?JRMR?JNMBC?DCR?PMBCQCKNCLFMBC?JESK?Q?RGTGB?BCQ
    JKBGQQM NMBCF?TCPGLRCP?ŽMCLRPC?,"3C?QKCBGB?QB?AMKNMQGŽMAMPNMP?J/MPCVCKNJM QCBMGQGL​BG​T”​BSMQ
    ?NPCQCLR?KMKCQKMBCEMPBSP? K?QSKBCJCQRCK,"3K?GMP ?OSCJCAMK,"3K?GQ?JR?R?K@KRCPŠ,,K?GMP
     NCQQM? AMK ,, K?GMP RCPG? T?LR?ECK CK ?JESK?Q R?PCD?Q D”QGA?Q  AMKM  1, LM JCT?LR?KCLRM BC NCQM CK QSNGLM
    FMPGXMLR?J BCK?GQ  MSRPMQ D?RMPCQ RGNM BC ¤@P? h SQASJ?P  PCAPSR?KCLRM LCSP?J  LŽM AMLQGBCP?BMQ L? AMKNMQGŽM
    AMPNMP?J R?K@K NMBCK GL¥SCLAG?P ? DMP? B? AMPPCJ?ŽM CLRPC AMKNMQGŽM AMPNMP?J C R?PCD? D”QGA? QQGK  OS?JOSCP
    AMPPCJ?ŽM CLRPC AMKNMQGŽM AMPNMP?J C BCQCKNCLFM L? R?PCD? D”QGA? BCNCLBC B? KCBGB? B? AMKNMQGŽM AMPNMP?J C B?
    R?PCD?D”QGA?CV?KGL?B? 
    '-.18-;>>18-em1?1:@>1/;9<;?5ed;/;><;>-81@->12-?2h?5/-?196;3-0;>1?012A@1.;8
    -91>5/-:;

    "4E0=C0<4=C>34
    34  ?4B>4<BD?8=>
    34 < < 68;830340 )0;C>E4AC820; 7>A8H>=C0;
    ,"3  
     
     
    Z 
     

    EMPBSP?  
     
     
    Z 
    Z 
    ,&  
     
     
    Z 
     
    ,,  
     
     
    Z   

    "MPPCJ?ŽMQGELG¤A?RGT?/  
    ?96(.030;@9<5

    ,"3K?QQ?AMPNMP?JRMR?JBCEMPBSP?NCPACLRS?JBCEMPBSP?AMPNMP?J,&K?QQ?EMPB?,,K?QQ?K?EP?
    #?BMQBC2RCKN¥C*) *?RAF%( /CRPGC#$!MBWAMKNMQGRGMLPCJ?RCQNMMPJWRMNCPDMPK?LACRCQRQGL-" #GTGQGML(((
    DMMR@?JJNJ?WCPQ)2RPCLERF"MLB1CQ 

    '-.18- ;>>18-em1?1:@>1/;9<;?5ed;/;><;>-81@->12-?2h?5/-?196;3-0;>1?012A@1.;8

    34 < 34 < )0;C>E4AC820; ,% <oG4BC8<03>0

    ,"3  
     
    Z 
    Z 
    EMPBSP?  
     
    Z 
    Z 

    ,&RMR?J  
     
     
    Z 

    ,, Z 
    Z 
     
    Z 

    ,,3RMR?J       Z 

    "MPPCJ?ŽMQGELG¤A?RGT?/  
    ?5\
    .KŠVCQRGK?BMSQ?LBMMRCQRCBC8M 8MBCCLBSP?LACBCK
    ,"3K?QQ?AMPNMP?JRMR?J,&K?QQ?EMPB?BCEMPBSP?NCPACLRS?JBCEMPBSP?AMPNMP?J,,NCPACLRS?JBC
    K?QQ?K?EP?
    #?BMQBC2GJTCQRPC1 6CQR" ,?PCQF",,;(3!MBWAMKNMQGRGML?LBNFWQGA?JNCPDMPK?LACGLKCLQQMAACP?QRSBWMD?
    -?RGML?J"MJJCEG?RC RFJCRGA QQMAG?RGML#GTGQGML(RC?K)2RPCLERF"MLB1CQ 

    +2>2?9@4@CA@C2=G6CDFD4@>A@D:wv@4@CA@C2=
    .R?K?LFMBMAMPNMC?AMKNMQGŽMAMPNMP?JGL¥SCLAG?KNMRCLAG?JKCLRC?A?N?AGB?BCBCN?PRGAGN?ŽMPCAPC?RGT?MSBC
    M@RCPQSACQQMCKBGDCPCLRCQCQNMPRCQC?RGTGB?BCQ%GESP?  AMKNMQGŽMAMPNMP?JR?K@K?DCR??Q?ž​BCCMPGQAMBC
    BCQCLTMJTGKCLRMBCTŠPG?QBMCL​?Q$LRPCR?LRM AMKNMQGŽMCR?K?LFMBMAMPNMLŽMR‘K?KCQK?KCBGB?vNMQQ”TCJOSC
    GL​BG​T”​BSMQRCLF?K?KCQK?KCBGB?BCR?K?LFMAMPNMP?JAMKM,"3 CAMKNMQGCQAMPNMP?GQKSGRMBGDCPCLRCQAMKM
    BCEMPBSP? 
    >DB?@?=5DB91  ? KCBGB? C M CQRSBM BM R?K?LFM BM AMPNM . R?K?LFM AMPNMP?J ECP?JKCLRC QC PCDCPC  ,"3 C 
    ?JRSP?MSCQR?RSP? ?LRPMNMKCRPG? LMCLR?LRM R?K@KCLEJM@??QKCBGB?QBMR?K?LFMBMAMPNMAMKMAGPASLDCP‘LAG?Q
    BG‹​KC​RPMQ ​™QQCMQ C AMKNPGKCLRM BMQ KCK@PMQ . R?K?LFM AMPNMP?J  GKNMPR?LRC N?P? M QSACQQM CK ?JESLQ CQNMPRCQ C
    ?RGTGB?BCQNMPCVCKNJM T?LR?HMQMN?P?SKHME?BMPBC@?QOSCRCQCP?JRMMSSK?RJCR?BC?PPCKCQQMBCNCQMRCP,"3
    ?JR?
    Q KCBGB?Q BM R?K?LFM AMPNMP?J QŽM AMLQGBCP?TCJKCLRC BGDCPCLRCQ CLRPC MQ ?RJCR?Q BC CQNMPRCQ BGQRGLRMQ C ?R KCQKM
    CLRPC?RJCR?QOSC​?RS?KCKNMQGCQBGDCPCLRCQBCLRPMBMKCQKMCQNMPRC/MPCVCKNJM LM@?QOSCRC?,"3 ?CQR?RSP?CM
    AMKNPGKCLRM BMQ @P?MQ QŽM KSGRM K?GMPCQ LMQ NGTšQ BM OSC LMQ ?J?Q  @CK AMKM LMQ ?J?Q BM OSC LMQ ?PK?BMPCQ -M
    PCKM MRCKNMBCKRCKDMPRCAMPPCJ?ŽMAMKTŠPG?QKCBGB?QB?AGPASLDCP‘LAG?BM@P?M BM?LRC@P?MCBMR™P?V
    1CK?BMPCQBC:>,,7QGKNJCQ?NPCQCLR?K,"3CCQR?RSP?KSGRMK?GMPCQOSCMQBC:20--BSNJMMQPCK?BMPCQHSLGMPCQOSC
    D?XCK ?Q ¤L?GQ LMQ A?KNCML?RMQ KSLBG?GQ QŽM K?GQ NCQ?BMQ  K?GQ ?JRMQ C  ECP?JKCLRC  ?NPCQCLR?K AMKNPGKCLRM BMQ
    KCK@PMQ C BG‹​KC​RPMQ ​™QQCMQ K?GMPCQ OSC MQ LŽM ¤L?JGQR?Q 3SBM GQQM GLBGA? OSC M R?K?LFM BM AMPNM CVCPAC GKN?ARMQ
    QM@PCMBCQCKNCLFMCK?JESLQCQNMPRCQC?RGTGB?BCQ

    86DA0   854A4=s0B 34 2><?>B8sr> 4 C0<0=7> 2>A?>A0; ;>; ;NF?N; ;JL?M?HN; =IGJIMC‹ŠI ? N;G;HBI
    =ILJIL;FšHC=IH?=?MM†LCIJ;L;I>?M?GJ?HBI​C>?;FHI?MJILN??M=IFBC>I

    g?5:4656>2DD24@CA@C2=
    4K?KCBGB?DPCOSCLRCKCLRCSQ?B?BMR?K?LFMAMPNMP?JM#MS?P?XŽMB?K?QQ?AMPNMP?JBGTGBGB?NCJ??JRSP??M
    OS?BP?BM.(,"NMBCQCPA?JASJ?BMNCJ?QCESGLRCCOS?ŽM
    (,"IEK  NCQMIE MS NCQMJ@ 
    ?JRSP?K ?JRSP?NMJ 

    2C SK GL​BG​T”​BSM BC   K BC ?JRSP? ?NPCQCLR? K?QQ? AMPNMP?J BC   IE  M (,"  BC   OSC CQRŠ BCLRPM B?
    LMPK?JGB?BC  CJCT?ŽM BM (," ?AGK? B? T?PG?ŽM LMPK?J GLBGA? QM@PCNCQM MS M@CQGB?BC  CLOS?LRM M (," ?@?GVM B?
    T?PG?ŽMLMPK?JGBCLRG¤A??OSCJCQ?@?GVMBMNCQM3?@CJ? .SQMBM(,"AMKMAPGRPGMBCKCLQSP?ŽMB?M@CQGB?BC
    LMQ $4  RCK APCQAGBM L?Q žJRGK?Q BA?B?Q #C ?AMPBM AMK CQQ? KCBGB?   BMQ FMKCLQ C  B?Q KSJFCPCQ DMP?K
    AJ?QQG¤A?BMQAMKQM@PCNCQM(,"?  CBMQFMKCLQCB?QKSJFCPCQDMP?KAJ?QQG¤A?BMQAMKMM@CQMQ
    (," LMQ$4 CK(QQMOSCPBGXCPOSC SQ?LBMM(,"AMKMGLBGA?BMP ?J?PK?LRCQBMQFMKCLQC
    B?QKSJFCPCQCQRŽMAMKQM@PCNCQMMSM@CQMQ

    '-.18-
    8-??5G/-em1?0; 

    ;0BB8J20sr> #:6 < 


    @?GVMBMNCQM  
    -MPK?J  ? 
    2M@PCNCQM ? 
    .@CQGB?BCBCAJ?QQC( ? 
    .@CQGB?BCBCAJ?QQC(( ? 
    .@CQGB?BCBCAJ?QQC((( 

    #?BMQBC$VNCPR/?LCJMLRFC(BCLRG¤A?RGML $T?JS?RGML ?LB3PC?RKCLRMD.TCPUCGEFR?LB.@CQGRWGL BSJRQ$VCASRGTC


    QSKK?PWMDRFCAJGLGA?JESGBCJGLCQMLRFCGBCLRG¤A?RGML CT?JS?RGML ?LBRPC?RKCLRMDMTCPUCGEFR?LBM@CQGRWGL?BSJRQ
    PAF(LRCPL,CB 
    . (,"  SQ?BM AMKM GLBGA?BMP ECP?J BMQ PGQAMQ N?P? ? Q?ž​BC ?QQMAG?BMQ  M@CQGB?BC  ?M QM@PCNCQM EP?TC C ?M  BC
    EMPBSP?3?@CJ?  ?ASPŠAG?AMK?OS?JM(,"CQRGK?MBCEMPBSP?¤A?CLRPC CBMBCEMPBSP?PC?J.
    (,"LŽMAMLQGBCP?BCK?LCGP?BGPCR??AMKNMQGŽMAMPNMP?Jv@?QR?LRCNMQQ”TCJOSCSK?NCQQM?MSSK?RJCR?OS?JOSCP
    RCLF? (," OSC ?NMLR? QM@PCNCQM MS M@CQGB?BC  C ?GLB? ?NPCQCLR?P  BC EMPBSP? PCJ?RGT?KCLRC @?GV? $K ?RJCR?Q
    SLGTCPQGRŠPGMQBMQCVMK?QASJG​LM9 ?  CDCKGLGLM9 ?  ?QAMPPCJ?CQCLRPCM(,"CBCEMPBSP?
    QŽMGKNMPR?LRCQ$LRPCR?LRM KSGR?QTCXCQ CQQ?QAMPPCJ?CQAMLBSXCK?AJ?QQG¤A?CQCOSGTMA?B?QBC?RJCR?QK?QASJG i MQ
    AMKLMPK?JBCEMPBSP?AMKQS@NCQMMSQM@PCNCQM CLOS?LRM?Q?RJCR?QDCKGLGL?QAMKQM@PCNCQMQŽMAJ?QQG¤A?B?QL?
    A?RCEMPG?BCBCEMPBSP?LMPK?J3SBMGQQMNMPOSCM(,"LŽMJCT?CKAMLQGBCP?ŽM?AMKNMQGŽMAMPNMP?J/CQQM?Q
    GBMQ?QNMBCKRCP(,"@?GVM NMPK BCTGBMPCBSŽMBCK?QQ?​KSQASJ?PQ?PAMNCLG? ?NPCQCLR?KBCEMPBSP??JRM/MP
    MSRPMJ?BM KSGRMQGL​BG​T”​BSMQC?RJCR?QCKP?XŽMB?ECLRGA?MSBMQ?LMQBCRPCGL?KCLRM ?NPCQCLR?K,,K?GQ?JR?OSCM
    LMPK?JCKPCJ?ŽM,"3 MOSCA?SQ??SKCLRMB?K?QQ?AMPNMP?J K?Q@?GVMBCEMPBSP?(,"CJCT?BMQAMKBC
    EMPBSP??@?GVMBMLMPK?JQŽMNPCT?JCLRCQCKCQNMPRCQCKOSCM@?GVMBCEMPBSP?C?,,?JR?QŽMBCQCHŠTCGQ AMKM
    DSRC@MJ?KCPGA?LM F?JRCPM¤JGQKMCJCT?LR?KCLRMBCNCQM#CD?RM CKSKCQRSBMPC? gGu?BMAMKSK?COSGNCBM-?RGML?J
    %MMR@?JJ+C?ESC M(LBG?L?NMJGQ"MJRQ MQHME?BMPCQBCRMB?Q?QNMQGCQDMP?KAMLQGBCP?BMQAMKQM@PCNCQMMSM@CQMQBC
    ?AMPBMAMKM(,"OS?LBM L?TCPB?BC ?T?PG?ŽMBCEMPBSP?LMQHME?BMPCQBCRMB?Q?QNMQGCQMQAGJMSBC ? 
    CVACRMLMQFMKCLQB?JGLF?MDCLQGT? MQOS?GQ?NPCQCLR?K#CQQCKMBM M(,"NMBCQCPBCACNAGML?LRC$KMSRPMQ
    CQNMPRCQ AMKMK?P?RML?CAGAJGQKMBCCQRP?B? MQ?RJCR?QBCCJGRCRCLBCK?RCP(,"@?GVMQ/MPR?LRM CK@MP?M(,"NMQQ?
    QCPSQ?BMAMKMGLBGA?BMPECP?JBCM@CQGB?BC CQQ?KCBGB??NPCQCLR?JGKGR?CQOS?LBM?NJGA?B??ACPRMQEPSNMQBC?RJCR?Q

    ! 

    D>65:52D3sD:42D524@>A@D:wv@4@CA@C2=Dv@568@C5FC2#6##
    @36D:52566@D6=6G25@D?{G6:D56568@C5FC26#Dv@2DD@4:25@D2GsC:2D5@6?​w2D
    4@>A@D:wv@4@CA@C2=E6>C6=2wv@4@>@56D6>A6?9@7{D:4@6?EC6E2?E@2>65:52524@>A@D:wv@4@CA@C2=FD25262E2C6727{D:42
    2G2=:252:?MF6?4:2>24@CC6=2wv@6?EC64@>A@D:wv@4@CA@C2=656D6>A6?9@
    %E2>2?9@6DA64{L4@5@4@CA@62D>65:52D522?EC@A@>6EC:2Ey>C6=2wv@4@>DF46DD@6>56E6C>:?25@D6DA@CE6D
    %#A@56D6CFD25@4@>@:?5:425@C86C2=56D@3C6A6D@@F@36D:5256
    %#x:?2AC@AC:25@A2C256E6C>:?2C24@>A@D:wv@4@CA@C2=562E=6E2D​>FD4F=@D@D6>28C@D

    '-.18- #>105ed;0; 0;<1>/1:@A-8013;>0A>-/;><;>-81>5?/;<->--?-n​01

    #:6 <  (8B2>?0A00B0​34


    0 0=>B 
    00=>B 
    00=>B
    ?=5>C
      $JCT?BM   
     ?  ,BGM ? ? ?
    ?  $JCT?BM ? ? ?
     JRM   
    #E<85B5C
      $JCT?BM   
     ?  ,BGM ? ? ?
    ?  $JCT?BM ? ? ?
     JRM   

    1CGKNPCQQMAMKNCPKGQQŽMBC6F?JCW,' !PS@?ICP/' .RRM1, CBGRMPCQ "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE


    ?LB/PCQAPGNRGMLRFCB!?JRGKMPC+GNNGLAMRR6GJJG?KQ6GJIGLQ

    4C4A<8=0sr>302><?>B8sr>2>A?>A0;

    .Q NPGLAGN?GQ RCAGBMQ LM AMPNM FSK?LM QŽM ​KžQASJM  MQQM  LCPTM  EMPBSP? C NCJC .Q RCAGBMQ QŽM AMKNMQRMQ BC TŠPG?Q
    QS@QR‹LAG?Q  GLAJSQGTC NPMRC”​L?Q  EMPBSP?Q  A?P@MGBP?RMQ  KGLCP?GQ  ŠES? C MSRP?Q QS@QR‹LAG?Q $K ECP?J  LM CLR?LRM  ?
    BCRCPKGL?ŽM B? AMKNMQGŽM AMPNMP?J SRGJGX? M KMBCJM @GAMKNMLCLRC  OSC GLAJSG ?NCL?Q ,& C ,, %GESP?  
    $LRCLBCP ? PCJ?ŽM CLRPC BCLQGB?BC C AMKNMQGŽM AMPNMP?J NCPKGRC ? AMKNPCCLQŽM BMQ NPGLAGN?GQ AMLACGRMQ C
    KCRMBMJMEG?QBCBCRCPKGL?ŽMB?AMKNMQGŽMBMAMPNM

    6?D:E@>6EC:2
    5>C9D?=5DB91  ? BCRCPKGL?ŽM B? AMKNMQGŽM AMPNMP?J C B? BCLQGB?BC BM AMPNM  45>C94145 3?B@?B1<  BC¤LGB?
    AMKM,"3BGTGBGB?NCJMTMJSKCBMAMPNM
    #CLQGB?BCAMPNMP?J,"3TMJSKCAMPNMP?J
     BCLQGB?BC AMPNMP?J NMBC QCP A?JASJ?B? NMP TŠPG?Q KCRMBMJMEG?Q BGDCPCLRCQ . KRMBM K?GQ AMKSK  ? @5C175=
    894B?CDgD931R?K@KAF?K?B?BC7,:(.,4,4)(0?6+_.<( L?OS?J?NCQQM?RMR?JKCLRCGKCPQ?CKŠES?%GESP? v
    NMQQ”TCJBCRCPKGL?P?,"3AMKD?AGJGB?BCNMPKCGMBCSK?CQA?J?0S?LBMQS@KCPQ?CKŠES? ?NCQQM?CKNSPP?B?CK
    QCLRGBMB?QSNCPD”AGCNMPSK?DMP?COSGT?JCLRC?MNCQMBMTMJSKCBCŠES?BCQJMA?BM D?XCLBMAMKOSCMNCQMCK@?GVM
    BŠES?QCH?GLDCPGMP,"3.QRCAGBMQAMPNMP?GQ @CKAMKMM?PLMQNSJKCQCMRP?RMGLRCQRGL?J BCQJMA?KŠES? QQGK M
    TMJSKC BC ŠES? BCQJMA?BM NPCAGQ? QCP AMPPGEGBM CK P?XŽM BM ?P NPCQCLRC BCLRPM BM AMPNM /MBC QC KCBGP MS CQRGK?P M
    TMJSKC BC ?P LMQ NSJKCQ BGPCR?KCLRC $K ECP?J  ?M D?XCP ? NCQ?ECK FGBPMQRŠRGA?  M GL​BG​T”​BSM  QMJGAGR?BM ? CVNGP?P M
    KŠVGKMBC?PNMQQ”TCJ#CQQ?K?LCGP? M?POSC¤A??NPGQGML?BMLMQNSJKCQ?N™Q?CVNGP?ŽMDMP?B?AMLQRGRSGMTMJSKC
    NSJKML?PPCQGBS?J.TMJSKCBC?PNPCQMLMRP?RMGLRCQRGL?JKSGRMNCOSCLMCNMBCQCPGELMP?BMMSCQRGK?BMAMKSK
    T?JMPAMLQR?LRCKl $K@MP??BCLQGB?BCB?ŠES?NMQQ?QCPAMPPGEGB?CKP?XŽMB?QJGECGP?Q?JRCP?CQBCAMPPCLRCQBC
    RCKNCP?RSP? C QCS AMLRCž​BM KGLCP?J   IE BC ŠES? RCK M TMJSKC BC  l  MS BCLQGB?BC BC  IEãlZ MS  EãKlZ #CQQ?
    K?LCGP? MTMJSKCAMPNMP?J?N™Q?AMPPCŽMBM?PBCLRPMBMAMPNM C?BCLQGB?BCB?ŠES?QŽMD?AGJKCLRCA?JASJ?BMQAMKM
    ,"3KCLMQNCQMCK@?GVMBŠES?%GESP? 

    86DA0  DA0=C4 0 ?4B064< 783A>BCoC820 >D 34=B8C><4CA80 0 ?4BB>0 t 2><?;4C0<4=C4 BD1<4AB0 =0
    o6D0 IH@ILG?I>?AIL>OL;=L?M=?
    IPIFOG?=ILJIL;F;OG?HN;
    L?MOFN;H>I?G>?MFI=;G?HNIG;CIL>?†AO;
    ?
    JILN;HNI
    >CGCHOC‹ŠI>IJ?MI>?<;CRI>†AO;
    $LRŽM NMQQ”TCJSRGJGX?P?BCLQGB?BCAMPNMP?JL?COS?ŽMN?P?BCRCPKGL?PMBCEMPBSP?BMAMPNM COS?ŽMK?GQ
    DPCOSCLRCKCLRCSQ?B??COS?ŽMBC2GPG
    BCEMPBSP?BCLQGB?BCAMPNMP?J Z
    BCLQGB?BCAMPNMP?JT?PG?BC?AMPBMAMK?AMKNMQGŽMBMAMPNM$QQ?T?PG?ŽM CKEP?LBCN?PRC BCAMPPCLRCB?,&
    C,,OSCAMKNCKMQBGDCPCLRCQNCPACLRS?GQBMAMPNM EMPBSP?MSMRCAGBM?BGNMQM RCKBCLQGB?BCGLDCPGMPB?ŠES?
    C NMPR?LRM ¥SRS? ,,?NPCQCLR?BCLQGB?BCK?GMPOSC?B?ŠES?C NMPGQQM ?DSLB?4K?TCXOSC?EMPBSP?KCLMQ
    BCLQ?OSC?,, QCSKGL​BG​T”​BSM?NPCQCLR?BCEMPBSP?K?GQ?JRMOSCMSRPMBCKCQK?K?QQ?AMPNMP?J ?OSCJCAMK
    BCEMPBSP?K?GMP?NPCQCLR?PŠTMJSKCAMPNMP?JK?GMPC NMPR?LRM NCQMCK@?GVMBŠES?KCLMP%GESP? PCQSJR?LBM
    CKBCLQGB?BCAMPNMP?JK?GQ@?GV?
    2C?BCLQGRMKCRPG?DMPPC?​JG​X?B?BCK?LCGP?AMPPCR? CQC?QAMPPCCQPCJ?RGT?Q?M?PBCLRPMBMAMPNMCBCLQGB?BCB?
    ŠES?DMPCKDCGR?Q ?BCLQGB?BCAMPNMP?JPCQSJR?LRC@?QR?LRCNPCAGQ?$LRPCR?LRM ?BCLQGRMKCRPG??NPCQCLR? QGK ?JESK?Q
    JGKGR?CQ ?QOS?GQJCT?K?CPPMQBCAŠJASJMBMBCEMPBSP?,SGR?QNCQQM?QR‘KNPM@JCK?QN?P?CVNGP?PMKŠVGKMBC?P
    NMQQ”TCJMSN?P??RGLEGPMTMJSKCPCQGBS?J MOSC?QD?X?N?PCLR?PBCEMPBSP?K?GQCJCT?BM.SRP?JGKGR?ŽMMAŠJASJM
    BMBCEMPBSP??N?PRGPB?BCLQGB?BCAMPNMP?JCOS?ŽMBC2GPGMSQGKGJ?P $QQ?QCOS?CQQSNCKOSC?BCLQGB?BCB?
    ,& C ,, QŽM PCJ?RGT?KCLRC AMLQR?LRCQ CK RMB?Q ?Q NCQQM?Q  BCLQGB?BC B? ,&   EãKlZ  CK TŠPGMQ JMA?GQ LM
    AMPNM CKRCPKMQPCJ?RGTMQ AMLQGQRCLRCCKRMBMQMQGL​BG​T”​BSMQ/MPMSRPMJ?BM ?BCLQGB?BCB?,, CK@MP?K?GQMS
    KCLMQAMLQR?LRC EãKlZ KMQRP?ACPR?T?PG?@GJGB?BC Z EãKlZ CLRPCMQGL​BG​T”​BSMQ/?P?BCRCPKGL?P?
    BCLQGB?BCB?,, TŠPG?QQSNMQGCQNPCAGQ?KQCPDCGR?Q
     BCLQGB?BCBCA?B?RCAGBMOSCAMKNC?,,NPCAGQ?QCPAMLFCAGB?CAMLQR?LRC
     .QRCAGBMQOSCAMKNPCCLBCK?,,CQRŽMQCKNPCLMKCQKMNCPACLRS?JAMLQR?LRCB?,,
    $QQ?QQSNMQGCQGLRPMBSXCK?JESLQCPPMQL?BCLQGB?BCB?,,/MPCVCKNJM ?BCLQGB?BC™QQC?SKAMKNMLCLRCB?
    ,, C  ECP?JKCLRC  BGKGLSG AMK ? GB?BC  NMBCLBM ?SKCLR?P AMK ? ?RGTGB?BC D”QGA? (QQM OSCP BGXCP OSC LŽM ?NCL?Q ?
    BCLQGB?BC™QQC?KSB? AMKMR?K@KMNCPACLRS?JBC,,AMKNMQRMBCMQQMR?K@KQC?JRCP? NCQ?PBCQQ?QJGKGR?CQ ?
    BCLQGRMKCRPG?A?JASJ??AMKNMQGŽMAMPNMP?JAMK@?QR?LRC?ASPŠAG?

    @3C2D4FEt​?62D
    Q 4?2B1C 3EDh​>51C QŽM SK KRMBM BC CQRGK?RGT? B? AMKNMQGŽM AMPNMP?J OSC CLTMJTC NPCCLQŽM C KCLQSP?ŽM B?
    CQNCQQSP? B? NCJC C BC EMPBSP? QS@ASR‹​LC? %GESP?   CK JMA?GQ ?L?RšKGAMQ CQNCA”¤AMQ  NMP KCGM BC NJGAšKCRPMQ
    CQNCAG?JGX?BMQ Q BM@P?Q ASR‹​LC?Q QŽM žRCGQ C SK BMQ KRMBMQ K?GQ SQ?BMQ L? ?T?JG?ŽM B? AMKNMQGŽM AMPNMP?J $J?Q
    ?L?JGQ?K ? AMKNMQGŽM AMPNMP?J  SK? TCX OSC ?Q ?JRCP?CQ BC CQNCQQSP? B?Q BM@P?Q R‘K PCJ?ŽM AMK ?Q ?JRCP?CQ BC
    AMKNMQGŽM AMPNMP?J $K ECP?J  TŠPG?Q BM@P?Q ASR‹​LC?Q CK BGDCPCLRCQ NMLRMQ ?L?RšKGAMQ QŽM BCRCPKGL?B?Q C SQ?B?Q CK
    SK?COS?ŽMN?P??T?JG?P?BCLQGB?BCAMPNMP?J!MVC $KQCESGB? ?BCLQGB?BCAMPNMP?JSQ?B?CKSK?COS?ŽM L?
    K?GMPG?B?QTCXCQ?COS?ŽMBC2GPG N?P?A?JASJ?P?NMPACLR?ECKBCEMPBSP?

    !&  -, 


    9=)do-;/-6-:)41B),);,);,7*:);+=<a​6-);6)8:->1;c7,),-6;1,),-
    +7:87:)4-5),=4<7;;)=,`>-1;
    Q COS?CQ B?Q BM@P?Q ASR‹​LC?Q LMPK?JKCLRC SRGJGX?K TŠPG?Q KCBGB?Q N?P? BCRCPKGL?P ? BCLQGB?BC AMPNMP?J
    BCLQGB?BC AMPNMP?J  SQ?B? CK SK? COS?ŽM  AMKM ? COS?ŽM BC 2GPG  N?P? ?L?JGQ?P M  BC EMPBSP? Q COS?CQ
    ECLCP?JGX?B?QQŽM?NJGAŠTCGQ?SK??KNJ?T?PGCB?BCBCGL​BG​T”​BSMQFCRCPME‘LCMQ NMPK N?P?M@RCP??T?JG?ŽMK?GQ
    NPCAGQ?B?AMKNMQGŽMAMPNMP?JBCSK?NMNSJ?ŽMCQNCA”¤A? ?COS?ŽMBCBM@P?ASR‹ i C?BCQCLTMJTGB?N?P??OSCJ?
    NMNSJ?ŽM CQNCA”¤A? BCTC QCP SQ?B? Q COS?CQ KMQRP?B?Q QŽM ? BC )?AIQML C /MJJMAI   C ? BC )?AIQML
    /MJJMAI C 6?PB   N?P? FMKCLQ C KSJFCPCQ  PCQNCARGT?KCLRC $QQ?Q COS?CQ ?NPCQCLR?K CPPM BC CQRGK?RGT?
    N?BPŽMBCACPA?BC C BCEMPBSP?N?P?FMKCLQCKSJFCPCQ PCQNCARGT?KCLRC

    ;91:?
    #M@P?QASR‹​LC?QR™P?V ?@BMKCCAMV?
    #CLQGB?BCAMPNMP?J Z nQMK?B?QBM@P?QASR‹​LC?Q   nQMK?B?QBM@P?Q
    ASR‹​LC?Q Z nGB?BCCK?LMQ

    A841>1?
    #M@P?QASR‹​LC?QAMV? QSNP?GJ”?​A? RP”ACNQ
    #CLQGB?BCAMPNMP?J Z nQMK?B?QBM@P?QASR‹​LC?Q   nQMK?B?QBM@P?Q
    ASR‹​LC?Q Z nGB?BCCK?LMQ

    BCRCPKGL?ŽMB?QBM@P?QASR‹​LC?Q OS?LBMPC?​JG​X?B?NMPSKRALGAMCVNCPGCLRC SK?KCBGB?PCJ?RGT?KCLRC?ASP?B?


    B?AMKNMQGŽMAMPNMP?J$LRPCR?LRM CJ?Q?NPCQCLR?KTŠPG?QJGKGR?CQ K?GMPG?B?QCOS?CQBCBM@P?ASR‹​LC?BCPGT?B?
    NCQ?ECK FGBPMQRŠRGA? AMKM ? KCBGB? AMPPCR? B? AMKNMQGŽM AMPNMP?J #CQQ? K?LCGP?  ? AMKNMQGŽM AMPNMP?J A?JASJ?B?
    NCJ?QBM@P?QASR‹​LC?QLŽMNMBCQCPK?GQCV?R?BMOSC?NCQ?ECKFGBPMQRŠRGA? QCOS?CQBC?T?JG?ŽM?NPCQCLR?K?JESLQ
    CPPMQGLCPCLRCQ?QQGK ?AMKNMQGŽMAMPNMP?JCQRGK?B?NCJ?QBM@P?QASR‹​LC?Q L?PC?JGB?BC KCLMQNPCAGQ?OSC?NCQ?ECK
    FGBPMQRŠRGA? $K@MP? COS?CQ B?Q BM@P?Q ASR‹​LC?Q ECLCP?JGX?B?Q ?NJGAŠTCGQ ? SK? ?KNJ? T?PGCB?BC BC GL​BG​T”​BSMQ
    FCRCPME‘LCMQRCLF?KQGBMBCQCLTMJTGB?Q  KSGR?QBCJ?QQŽMCQNCA”¤A?QN?P?ACPR?QNMNSJ?CQ'MKCLQ=,9:<:KSJFCPCQ
    CGL​BG​T”​BSMQBCGB?BCQBGQRGLR?QQŽMCVCKNJMQAJ?PMQBCNMNSJ?ŽMCQNCA”¤A? QCOS?CQECLCP?JGX?B?QNMBCKQCPSQ?B?Q
    N?P?BCRCPKGL?P?AMKNMQGŽMAMPNMP?JBCOS?JOSCPNMNSJ?ŽMCLRPCR?LRM N?P?M@RCPMQPCQSJR?BMQK?GQNPCAGQMQ?ACPA?
    B? AMKNMQGŽM AMPNMP?J BC SK? NMNSJ?ŽM N?P​RGASJ?P AMKM SK EPSNM BC ?RJCR?Q  ?Q COS?CQ CQNCAG?JKCLRC
    BCQCLTMJTGB?Q N?P? ?OSCJ? NMNSJ?ŽM BCTCK QCP SQ?B?Q /MP CVCKNJM  ? COS?ŽM CJ?@MP?B? N?P? JSR?BMPCQ HMTCLQ GB?BC
    KBG?BC ?LMQ LŽMPCTCJ?BGDCPCL?QGKNMPR?LRCQLMBCEMPBSP?CKAMKN?P?ŽM?MT?JMPKCBGBMNCJ?NCQ?ECK
    FGBPMQRŠRGA?$LRPCR?LRM MSRP?QCOS?CQBCKMLQRP?KBGDCPCL?QAMLQGBCPŠTCGQBMQT?JMPCQB?NCQ?ECKFGBPMQRŠRGA?

    86DA0  B 3>1A0B 2DCp​=40B Br> 34C4A<8=030B 4< ;>208B 0=0C|<82>B 4B?42wJ2>B DC8;8H0=3> D<
    ?;82|<4CA> 4B?4280;8H03> !?GIHMNL;‹ŠI >; ;P;FC;‹ŠI >; >I<L; =ON‡​H?; NLC=CJCN;F  2M;>; =IG J?LGCMMŠI >?
    1BIGJMIH 4/
     ?>CNIL?M   0*M /?MIOL=?M @IL NB? -?LMIH;F 1L;CH?L  L> ?>  ;FNCGIL? )CJJCH=INN 4CFFC;GM 
    4CFECHM 

    '=6E:D>@8C2M2A@C56D=@42>6?E@562C
    @<5D9C=?7B1{1@?B45C<?31=5>D?451BSK?RALGA?BCBCLQGRMKCRPG?PC?​JG​X?B?LMAŠJASJMB?AMKNMQGŽMAMPNMP?J
    NMPKCGMBMBCQJMA?KCLRMBC?PCKTCXBCBCQJMA?KCLRMBCŠES? AMKMSQ?BML?NCQ?ECKFGBPMQRŠRGA? N?P?BCRCPKGL?P
    MTMJSKCBMAMPNM.COSGN?KCLRMAMLQGQRCCKSK?A‹K?P?FCPKRGA?DCAF?B?%GESP? .TMJSKCBC?PL?A‹K?P?
    T?XG?  AMLFCAGBM 0S?LBM ? NCQQM? CLRP? L? A‹K?P? FCPKRGA?  CJ? BCQJMA? M NP™NPGM TMJSKC CK ?P . TMJSKC BC ?P
    PCK?LCQACLRCL?A‹K?P?A?JASJ?BMAMK?AMPPCŽMBMTMJSKCBC?PRMPŠAGAM .TMJSKCAMPNMP?JB?NCQQM?AMLQRGRSG?
    BGDCPCL?CLRPCMTMJSKCBC?PL?A‹K?P?T?XG?CMTMJSKCBC?PL?A‹K?P?OS?LBM?NCQQM?CQRŠBCLRPMBCJ?4K?TCX
    AMLFCAGBMMTMJSKCAMPNMP?J ?BCLQGB?BCAMPNMP?JCMBCEMPBSP?NMBCKQCPBCRCPKGL?BMQNMPKCGMB?SRGJGX?ŽMBC
    COS?CQ QGKGJ?PCQ OSCJ?Q SQ?B?Q L? NCQ?ECK FGBPMQRŠRGA?  NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P BGDCPC B? NCQ?ECK
    FGBPMQRŠRGA?L?K?LCGP?AMKMMTMJSKCBCRCPKGL?BM NMPK?NPCQCLR??QKCQK?QJGKGR?CQB?NCQ?ECKFGBPMQRŠRGA?BC
    CQRGK?RGT?B?BCLQGB?BCB?,,L?BCRCPKGL?ŽMB?AMKNMQGŽMAMPNMP?J

    86DA0   ?;4C8B<>6A0J0 ?>A 34B;>20<4=C> 34 0A DB0 0B 3854A4=s0B 34 E>;D<4 34 0A 4< D<0 2p<0A0
    B4;030?0A034C4A<8=0A>E>;D<42>A?>A0;2G;P?T>?N?LGCH;>IIPIFOG?>I=ILJI
    ?KO;‹™?MMCGCF;L?M‰KO?F;M
    OM;>;M H; J?M;A?G BC>LIMN†NC=; MŠI ?GJL?A;>;M J;L; =;F=OF;L ; >?HMC>;>? =ILJIL;F ? IONL;M G?>C>;M >?
    =IGJIMC‹ŠI>I=ILJI #INI=ILN?MC;>?)C@?*?;MOL?G?HN
     IH=IL>
      

    AMKNMQGŽMAMPNMP?JA?JASJ?B?NCJ?NJCRGQKMEP?¤?NMPBCQJMA?KCLRMBC?PQCAMPPCJ?AGML?BCK?LCGP?QGELG¤A?RGT?9
        AMK ?OSCJ? BCRCPKGL?B? NCJ? NCQ?ECK FGBPMQRŠRGA?   NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P C ? NCQ?ECK
    FGBPMQRŠRGA?KMQRP?P?KKCBGB?QQGKGJ?PCQB?AMKNMQGŽMAMPNMP?JCKEPSNMQBC?RJCR?Q AMKMJSR?BMPCQ  C?K@?QQŽM
    A?N?XCQBCP?QRPC?PBCK?LCGP?NPCAGQ??Q?JRCP?CQL?AMKNMQGŽMAMPNMP?JBCAMPPCLRCQB?PCBSŽMBCNCQMKMBCP?B?
    -M CLR?LRM  ? NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P R?K@K PCTCJMS QSNCPCQRGK?ŽM GKNMPR?LRC BM  BC EMPBSP? CK
    ?RJCR?Q KSJFCPCQ SLGTCPQGRŠPG?Q  QSNCPCQRGK?ŽM B? ,& BC KSJFCPCQ AMK  ?LMQ BC GB?BC  QS@CQRGK?ŽM B? EMPBSP?
    AMPNMP?J CK FMKCLQ BC  ?LMQ C QS@CQRGK?ŽM BM  BC EMPBSP? CK FMKCLQ C KSJFCPCQ HMTCLQ  ?  ?LMQ  CK
    AMKN?P?ŽM  NCQ?ECK FGBPMQRŠRGA? $K ECP?J  ? NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P  PCJ?RGT?KCLRC ?ASP?B? L?
    BCRCPKGL?ŽM B? AMKNMQGŽM AMPNMP?J  AMLRSBM CVGQRCK BGDCPCL?Q OS?LBM AMKN?P?B?  NCQ?ECK FGBPMQRŠRGA?  L?Q
    NMNSJ?CQCQNCA”¤A?Q

    >A65t?4:23:@6=xEC:42
    BCRCPKGL?ŽMB?AMKNMQGŽMAMPNMP?JNMPKCGMB?9=@54h>39129?5<lDB931CLTMJTC?AMJMA?ŽMBCCJCRPMBMQCKMS
    K?GQJMA?GQLMAMPNM%GESP? C?N?QQ?ECKBCAMPPCLRCCJRPGA?GLBCRCARŠTCJCLRPCCJCQ ,,AMLRKK?GQŠES?OSC
    MRCAGBM?BGNMQM NMPR?LRM?AMLBSŽMCJRPGA?K?GMPC?GKNCB‹LAG?MSPCQGQR‘LAG?AMPPCLRCCJRPGA?KCLMPL?,,
    BMOSCLMRCAGBM?BGNMQM AMLBSŽMCJRPGA?RCKAMPPCJ?ŽMBGPCR?AMK?,, CLOS?LRM?GKNCB‹LAG?GLTCPQ?KCLRC
    AMPPCJ?AGML?B?/MPCQQ?QPCJ?CQ ,& ,,CŠES?AMPNMP?JRMR?JQŽMA?JASJ?B?Q
    86DA0 8<?43p=28018>4;tCA82034C4A<8=002><?>B8sr>2>A?>A0;?>A<48>30?0BB064<34D<05A020
    2>AA4=C4 4;tCA820 4=CA4  4;4CA>3>B ?>B828>=03>B 4< ?>=C>B 4B?42wJ2>B 3> 2>A?> , ?KOCJ;G?HNI CFOMNL;>I
    ONCFCT;;=IFI=;‹ŠI>??F?NLI>IMHIJOHBI?HINILHIT?FI;M>?MN;=;GIM?F?NLI>IM

    5ŠPGMQ RGNMQ BC COSGN?KCLRMQ BC GKNCB‹LAG? @GMCJRPGA? CQRŽM BGQNML”TCGQ  RMPL?LBM ?Q BCAJ?P?CQ ECLCP?JGX?B?Q ?
    PCQNCGRM B? AML¤?@GJGB?BC C B? ?ASPŠAG? BGD”ACGQ -MQ ?BSJRMQ Q?SBŠTCGQ  M  BC EMPBSP? A?JASJ?BM NCJ? GKNCB‹LAG?
    @GMCJRPGA?AMKCJCRPMBMQLMRMPLMXCJMCLMNSLFMKMQRPMSAMPPCJ?CQGKNMPR?LRCQAMKMBCEMPBSP?KCBGBMNCJ?
    NCQ?ECK FGBPMQRŠRGA? 9     C NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P 9     3?K@K LŽM DMG AMLQR?R?B?
    BGDCPCL?QGELG¤A?RGT?CLRPCOS?JOSCPKCRMBMJMEG?LMBCEMPBSP?CKFMKCLQCKSJFCPCQ-MQJSR?BMPCQSLGTCPQGRŠPGMQ
    MBCEMPBSP?BCRCPKGL?BMNCJ?GKNCB‹LAG?@GMCJRPGA?NCPL??NCPL?PCTCJMSAMPPCJ?ŽMGKNMPR?LRC9 AMK?OSCJC
    NPCTGQRMNCJ?NCQ?ECKFGBPMQRŠRGA? NMPKBCEMPBSP?QS@QR?LAG?JKCLRCQS@CQRGK?BMCKAMKN?P?ŽMNJCRGQKMEP?¤?
    NMP BCQJMA?KCLRM BC ?P JK BGQQM  ? GKNCB‹LAG? @GMCJRPGA? NCPL? ? NCPL? QS@CQRGKMS AMLQGBCP?TCJKCLRC M  BC
    EMPBSP? CK PCJ?ŽM Q BM@P?Q ASR‹​LC?Q  K?Q LŽM B? NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P QQGK  ? ?ASPŠAG? B?
    GKNCB‹LAG? @GMCJRPGA? CK N?PRC BCNCLBC B? KCRMBMJMEG? AMK ? OS?J  AMKN?P?B? #CTC QC LMR?P  R?K@K  OSC ?
    GKNCB‹LAG? @GMCJRPGA? NMBC QCP ?DCR?B? NCJM CQR?BM B? FGBP?R?ŽM  M OSC AMLQRGRSG SK? GKNMPR?LRC AMLQGBCP?ŽM N?P?
    ?RJCR?Q MQOS?GQNMBCKCQR?PN?PAG?JKCLRCBCQGBP?R?BMQCKBCAMPP‘LAG?BMRPCGL?KCLRMMSB?RCLR?RGT?BCQCCLA?GV?PCK
    ACPR? A?RCEMPG? BC AMKNCRGŽM NMP KCGM B? BCQGBP?R?ŽM JK BGQQM  ?JESLQ COSGN?KCLRMQ ?NPCQCLR?K COS?CQ
    CQNCA”¤A?QN?P?ACPR?QNMNSJ?CQ RMPL?LBMCQQCQGLQRPSKCLRMQNMRCLAG?JKCLRCK?GQAML¤ŠT` GQ

    3D@C4:@>6EC:256C2:@D/565FA=26?6C8:2
     12C?B39?=5DB91 45 B19?C . 45 4E@<1 5>5B791 . SRGJGX? DCGVCQ BC P?GMQ 7 BC @?GV? CLCPEG? C :6-;>(9, BC
    AMKNSR?BMPN?P?NPMBSXGPGK?ECLQBMAMPNMOSCNMBCKQCPSQ?B?QN?P?BCRCPKGL?P?AMKNMQGŽMAMPNMP?J #$7 DMG
    MPGEGL?JKCLRC BCQCLTMJTGB? N?P? A?JASJ?P ? BCLQGB?BC ™QQC?  NMPK  FMHC CK BG?   CKNPCE?B? L? BCRCPKGL?ŽM B?
    AMKNMQGŽMAMPNMP?J GLAJSQGTC?3?=@?C9kj?3?B@?B1<B579?>1<MSBC​ŠPC?QCQNCA”¤A?QBMAMPNM AMKM@P?MQ NCPL?QC
    RPMLAM%GESP?  A?N?AGB?BCBCA?JASJ?P?AMKNMQGŽMPCEGML?JBMAMPNM?NPGLAGN?JT?LR?ECKBCQQ?KCRMBMJMEG?
    /MPCVCKNJM ?JESK?QNCQOSGQ?KGLBGA?KOSCOS?LBM?QKSJFCPCQNP?RGA?KRPCGL?KCLRM?CP™@GMAGAJGQKM AMPPGB? CM
    KCQKMNPMEP?K?BCPCQGQR‘LAG? M?SKCLRMB?K?QQ?K?EP?B?PCEGŽMQSNCPGMPBMAMPNMK?GMPOSCB?PCEGŽMGLDCPGMP
    #$7 @?QR?LRCAML¤ŠqCJL?BCRCPKGL?ŽMB?AMKNMQGŽMBMAMPNM QCLQ”TCJ?NCOSCL?Q?JRCP?CQBCAMKNMQGŽM
    AMPNMP?JCKMQRP?AMPPCJ?CQGKNMPR?LRCQ9  AMK?QKCBGB?QB?NCQ?ECKFGBPMQRŠRGA?
    -?QAPG?L?Q MBCEMPBSP?A?JASJ?BMNCJ?#$7 QS@CQRGK?MBCEMPBSP?  KCBGBMNCJ?NJCRGQKMEP?¤?NMP
    BCQJMA?KCLRM BC ?P  K?Q LŽM  QGELG¤A?RGT?KCLRC BGDCPCLRC BMQ T?JMPCQ B? NCQ?ECK FGBPMQRŠRGA? C PCTCJ? AMPPCJ?CQ
    GKNMPR?LRCQAMK?QKCBGB?QBCRCPKGL?B?QNMPMSRP?QKCRMBMJMEG?Q9 N?P?NJCRGQKMEP?¤?NMPBCQJMA?KCLRMBC?P 9
     N?P?NCQ?ECKFGBPMQRŠRGA? -MFMKCKCL?KSJFCPCKD?QC?BSJR? MBCEMPBSP?DMPLCAGBMNCJ?#$7 RCK
    DMPRC AMPPCJ?ŽM 9     AMK ?OSCJC BCRCPKGL?BM NCJ? NJCRGQKMEP?¤? NMP BCQJMA?KCLRM BC ?P  QCLBM OSC ?K@?Q ?Q
    KCRMBMJMEG?Q BCRCAR?K NCOSCL?Q ?JRCP?CQ L? AMKNMQGŽM AMPNMP?J BCAMPPCLRC B? PCBSŽM BC NCQM $LRPCR?LRM
    ?JRCP?CQ LM  BC EMPBSP? 9     ,& 9     C ,, 9     BCAMPPCLRCQ B? PCBSŽM BC NCQM KMQRP?P?K
    AMPPCJ?CQKCLMPCQCLRPC?QBS?QKCRMBMJMEG?Q'MHCCKBG? ?#$7 AMLQGBCP?B?NMPKSGRMQMKRMBMK?GQ?NSP?BM
    QCLQ”TCJCAML¤ŠqCJN?P?BCRCPKGL?P?AMKNMQGŽMAMPNMP?J A?N?AGB?BCBCA?JASJ?P?AMKNMQGŽMAMPNMP?JPCEGML?J?
    NPGLAGN?JT?LR?ECKBCQQ?KCRMBMJMEG? JKBGQQM ?BCLQGB?BC™QQC?R?K@KKCBGB?LMKCQKMCV?KC

    86DA0 .?>34B4ADB030?0A034C4A<8=0A034=B83034{BB40402><?>B8sr>2>A?>A0;JLCH=CJ;F
    P;HN;A?G >; !"5 ?G =IGJ;L;‹ŠI ; IONL;M G?NI>IFIAC;M >? =IGJIMC‹ŠI =ILJIL;F Œ ; =;J;=C>;>? >? =;F=OF;L ;
    =IGJIMC‹ŠI=ILJIL;FL?ACIH;F?;>?HMC>;>?•MM?;

    &FEC2D>6E@5@=@8:2D
    Q KCRMBMJMEG?Q KCLAGML?B?Q ?LRCQ QŽM ?Q K?GQ DPCOSCLRCKCLRC SQ?B?Q NCJMQ AGCLRGQR?Q BM CVCPA”AGM N?P? BCRCPKGL?P ?
    AMKNMQGŽM AMPNMP?J $LRPCR?LRM  KSGR?Q MSRP?Q KCRMBMJMEG?Q R?K@K NMBCK QCP SQ?B?Q N?P? ? KCQK? ¤L?JGB?BC Q
    KCBGB?QB?ŠES?AMPNMP?JRMR?JNMBCKQCPCKNPCE?B?QN?P?A?JASJ?P?AMKNMQGŽMAMPNMP?J NMGQMRCAGBMK?EPM?NPCQCLR?
    AMLRCž​BMK?GMPBCŠES?BMOSCMRCAGBM?BGNMQM/?P?CQRGK?P?ŠES?AMPNMP?JRMR?J GLECPGB?QMJSŽMBCŠES?AMLRCLBM
    SK?AMLACLRP?ŽMAMLFCAGB?BCSKGQ™RMNM'.MS '.MS '. MSK?PA?BMP N™QF MK?PA?BMPCQRŠBGJS”​BM
    NMPGES?JCKRMBMQMQAMKN?PRGKCLRMQF”BPGAMQBMAMPNM4K??KMQRP?B?ŠES?BMAMPNMM@RGB?SPGL? Q?LESC Q?JGT? C
    ?AMLACLRP?ŽMBMK?PA?BMPL??KMQRP?TCPG¤A?B? ŠES?AMPNMP?JRMR?JA?JASJ?B?NCJ?BCRCPKGL?ŽMB?ŠES?BMAMPNM
    LCACQQŠPG? N?P? BGJSGP M K?PA?BMP ?R ? AMLACLRP?ŽM NPCQCLRC L? ?KMQRP? BC ŠES? AMPNMP?J $K QCESGB?  CQRGK? QC ?
    EMPBSP?AMPNMP?JNMPKCGMBC?LŠJGQCQPCEPCQQGT?Q MOSCBCNCLBCBMAMLRCž​BMF”BPGAMBMQRCAGBMQK?EPMQC?BGNMQM
     PCQQML‹LAG? K?ELRGA? LS​AJC?P  R?K@K AF?K?B? BC 9,::65`5*0( 4(.5d;0*( 1,  SRGJGX? MLB?Q CJCRPMK?ELRGA?Q C
    RCALMJMEG? BC AMKNSR?BMP N?P? NPMBSXGP AMPRCQ RP?LQTCPQ?GQ BM AMPNM %GESP?   Q MLB?Q CJCRPMK?ELRGA?Q QŽM
    ?@QMPTGB?Q NCJ?Q KMJASJ?Q BC FGBPME‘LGM AMLRGB?Q L?Q KMJASJ?Q BC ŠES?  @CK AMKM LMQ RCAGBMQ N™Q ? ?@QMPŽM  ?Q
    MLB?Q CJCRPMK?ELRGA?Q QŽM JG@CP?B?Q CK ACPR?Q DPC​OS‘LAG?Q MS PCQQML?K  CLCPEG? JG@CP?B?  KCBGB? C NMBC QCP SQ?B?
    N?P?NPMBSXGPGK?ECLQBCR?JF?B?QBMQRCAGBMQBMAMPNM#CNMGQBGQQM MQAMPRCQRP?LQTCPQ?GQBMAMPNMNMBCKQCPSRGJGX?BMQ
    N?P?A?JASJ?P?QKCBGB?QB?AMKNMQGŽMAMPNMP?J
    86DA0 (4BB>=p=280<06=tC820(#,?KOCJ;G?HNI>?/*JI>?M?LOM;>IJ;L;;P;FC;LGOCN;M?MNLONOL;M
    ;H;N–GC=;M>C@?L?HN?M
    CH=FOMCP?IMMI
    N?H>ŠI?​GšM=OFIM #INI=ILN?MC;>I!?J;LNG?HNI@!C;AHIMNC=&G;ACHA;H>
    1B?L;J?ONC=MCH/;>CIFIAS;NNB?2HCP?LMCNSI@ IHH?=NC=ONM%?;FNB ?HN?L
    #;LGCHANIH
     1 

    RCALMJMEG?BMSJRP?QQMKRP?LQKGRC?QMLB?QQMLMP?QBC?JR?DPC​OS‘LAG?NCJMQRCAGBMQBMAMPNM%GESP?  QMLB?Q
    QMLMP?Q?RP?TCQQ?KMQBGDCPCLRCQRCAGBMQCKTCJMAGB?BCQBGQRGLR?QCPC¥CRCKBCTMJR?CKTŠPGMQEP?SQ?RP?TQBMQBGTCPQMQ
    RCAGBMQ.RCKNMOSCJCT?N?P?N?QQ?PNCJMQRCAGBMQC?OS?LRGB?BCBCCAM MSMLB?QQMLMP?QPC¥CRGB?Q QŽMSQ?BMQN?P?
    BCRCPKGL?P?CQNCQQSP?BCTŠPGMQRCAGBMQ.SJRP?QQMKNMBCQCPSQ?BMN?P?BCRCPKGL?PMTMJSKCC?CQNCQQSP?RC​AG​BS?JCK
    TŠPG?QPC​EGCQBMAMPNM AMKM@P?MQCNCPL?Q

    ! 

    %>@56=@565@:D4@>A@?6?E6D56#6##x>2:D7C6BF6?E6>6?E6FD25@?256E6C>:?2wv@524@>A@D:wv@4@CA@C2=
    DAC:?4:A2:DAC6>:DD2D5256?D:E@>6EC:2A2C242=4F=2C24@>A@D:wv@4@CA@C2=Dv@2DD68F:?E6D 256?D:5256564252E64:5@BF6
    4@>A‚62##x4@?964:5264@?DE2?E6 @DE64:5@DBF64@?DE:EF6>2##6DEv@D6>AC6?2>6D>2A@C46?E286>4@?DE2?E656
    ## 256?D:525652#x4@?964:5264@?DE2?E6
     A6D286> 9:5C@DEsE:42 FE:=:J2 2 56?D:E@>6EC:2 A2C2 42=4F=2C 2 4@>A@D:wv@ 4@CA@C2= A@:D A6C>:E6 2 56E6C>:?2wv@ 5@ G@=F>6
    4@CA@C2=@BF2=A@56D6C6>AC6825@A2C2>65:C256?D:52564@CA@C2=#*5:G:5:52A6=@G@=F>64@CA@C2=
    D6BF2w‚6D52D5@3C2D4FEt​?62D6DA64{L42DA2C2A@AF=2w‚6DDv@>2:DAC64:D2D5@BF62D6BF2w‚6D86?6C2=:J252D
    A=6E:D>@8C2L2A@C56D=@42>6?E@562CxF>>xE@5@C6=2E:G2>6?E6AC64:D@BF6FE:=:J2256E6C>:?2wv@5256?D:52564@CA@C2=A2C2
    42=4F=2C24@>A@D:wv@5@4@CA@
     :>A65t?4:2 3:@6=xEC:42 6DE:>2 2 4@>A@D:wv@ 4@CA@C2= 4@> 32D6 ?2D 5:76C6?w2D 6> C6D:DEy?4:2 @F 4@?5FEt?4:2 5@D :>AF=D@D
    6=xEC:4@D?@DE64:5@D>28C@625:A@D@
    .x4@?D:56C252@>xE@5@>2:DAC64:D@6D6?D{G6=5656E6C>:?2wv@524@>A@D:wv@4@CA@C2=
    .A@DD:3:=:E256E6C>:?2C24@>A@D:wv@4@CA@C2=C68:@?2=3C2w@A6C?2EC@?4@
    > G:CEF56 52D 5:76C6?w2D ?2D >65:52D 52 4@>A@D:wv@ 4@CA@C2= 2D 4@>A2C2w‚6D 6?EC6 A@AF=2w‚6D 5:DE:?E2D 6 2BF6=2D 76:E2D 2@
    =@?8@5@E6>A@56G6>D6>AC6D6CC62​=:​J252DFD2?5@2>6D>2>6E@5@=@8:2
    86DA0 
    +;CA0BB>=>6A0J0OFNL;MMIHIAL;V;JI>?M?LOM;>;J;L;;H;FCM;L?MJ?MMOL;>?d šM=OFI?FCA;G?HNI

    Q TŠPG?Q KCRMBMJMEG?Q CKNPCE?B?Q LMQ AŠJASJMQ B? AMKNMQGŽM AMPNMP?J ?NPCQCLR?K T?LR?ECLQ C BCQT?LR?ECLQ /MP
    CVCKNJM ?QBM@P?QASR‹​LC?QQŽMAMLTCLGCLRCQC@?P?R?Q CLOS?LRM?QKCBGB?QB?#$7 QŽMKSGRMNPCAGQ?Q NMPKA?P?Q
    Q AMPPCJ?CQ CLRPC ?Q BGTCPQ?Q KCRMBMJMEG?Q C BGDCPCL?Q QGELG¤A?RGT?Q CLRPC ?Q KCBGB?Q B? AMKNMQGŽM AMPNMP?J B?Q
    TŠPG?Q KCRMBMJMEG?Q  GLBGA?K OSC QC AMKN?P?CQ B? AMKNMQGŽM AMPNMP?J DMPCK DCGR?Q  ? KCQK? KCRMBMJMEG? BCTC QCP
    SRGJGX?B?/MPCVCKNJM QCBS?QNMNSJ?CQQŽMAMKN?P?B?Q ?KCQK?KCRMBMJMEG?BCTCQCPCKNPCE?B?N?P?BCRCPKGL?P?
    AMKNMQGŽM AMPNMP?J BCQQ?Q BS?Q NMNSJ?CQ JK BGQQM  QC ? AMKNMQGŽM AMPNMP?J KSB?P AMK M RCKNM AMKM ?Q
    ?JRCP?CQ BCAMPPCLRCQ BC RPCGL?KCLRM MS BGCR?  ? KCQK? KCRMBMJMEG? BCTC QCP SQ?B? CK RMBMQ MQ KMKCLRMQ L?
    AMKN?P?ŽM

    #D30=s0B=02><?>B8sr>2>A?>A0;

    ,SGR?QNCQQM?QBCQCH?KKSB?P?AMKNMQGŽMAMPNMP?JCRCLR?KD?XCPGQQMNMPKCGMBCBGCR?CCVCPA”AGMQ%PCOSCLRCKCLRC
    ?QNCQQM?QOSCPCKBGKGLSGP?,&MSMBCEMPBSP?C?SKCLR?P?,, NMGQCQQ?QKSB?L?QQŽM?QQMAG?B?Q?KCJFMPG?Q
    L?Q?ž​BCCKECP?JCPCBSCQBMPGQAMBCKSGR?QBMCL​?Q/MPMSRPMJ?BM M?RJCR?BCQCH?CQQ?Q?JRCP?CQBCAMKNMQGŽM
    AMPNMP?J NMGQR‘KPCJ?ŽMAMK?KCJFMP?BMBCQCKNCLFMD”QGAMCKKSGRMQCQNMPRCQC?RGTGB?BCQ3?LRM?BGCR?OS?LRMM
    CVCPA”AGMQŽMGKNMPR?LRCQN?P??JA?L?PCQQ?QKSB?L?QL?AMKNMQGŽMAMPNMP?J

    @>A@D:wv@4@CA@C2=562E=6E2D
    ,&QCPTC?TŠPGMQNPMN™QGRMQ¤QGMJ™EGAMQDSLB?KCLR?GQCLCACQQŠPG?QM@PCTGT‘LAG?#CTGBMQBGDCPCL?QCQNCA”¤A?Q
    BM QCVM L? BGQRPG@SGŽM BC EMPBSP? AMK KSGRM K?GQ EMPBSP? LM R™P?V C ​ŠPC?Q PCNPMBSRGT?Q L?Q KSJFCPCQ  ?Q KSJFCPCQ
    ?NPCQCLR?K NCPACLRS?J KSGRM K?GQ ?JRM BC EMPBSP? AMPNMP?J BM OSC MQ FMKCLQ BC ?NRGBŽM D”QGA? C Q?ž​BC CK L”TCJ
    AMKN?PŠTCJ Q CQRGK?RGT?Q B? EMPBSP? AMPNMP?J LCACQQŠPG? N?P? K?LRCP ? DSLŽM LMPK?J BM AMPNM ?NPCQCLR?K QC L?
    T?PG?ŽMBC?N?P?FMKCLQC?N?P?KSJFCPCQ$K@MP?ECP?JKCLRCM@?GVM”LBGACBCEMPBSP?AMPNMP?JQCH?
    AMPPCJ?AGML?BMAMKKCBGB?QKCJFMPCQBCQ?ž​BC ?OS?LRGB?BCCVRPCK?KCLRC@?GV?BCEMPBSP?LMAMPNMQCAMPPCJ?AGML?
    AMKPGQAMQK?GQ?JRMQN?P??Q?ž​BC
    .BCQCKNCLFMCKACPRMQCQNMPRCQC?RGTGB?BCQ?NPGKMP?BMAMK?BGKGLSGŽMB?EMPBSP?AMPNMP?J RJCR?QDCKGLGL?Q
    AMK MQ NMPACLRS?GQ K?GQ @?GVMQ BC EMPBSP? AMPNMP?J RCLBCK ? RCP CLRPC  C   CLOS?LRM ?RJCR?Q K?QASJG​LMQ
    AMKN?PŠTCGQ ?NPCQCLR?K  ?  BC EMPBSP? AMPNMP?J $K EP?LBC N?PRC B?Q TCXCQ  CQQ?Q @?GV?Q NMPACLR?ECLQ QŽM
    BCAMPPCLRCQ BM ?SKCLRM B?Q BCK?LB?Q A?J™PGA?Q BC ACPRMQ CQNMPRCQ  QM@PCRSBM CQNMPRCQ BC ,5+<9(5*, QSQRCLR?BM  C B?
    LCACQQGB?BCBCA?PPCE?PMNCQMAMPNMP?JNMPJMLEMQNCP”M​BMQAMKMBSP?LRC?K?P?RML?MSBSP?LRCQ?JRMQCNGPSCR?QB?
    EGLŠQRGA? 
    T?PG?ŽMQ?SBŠTCJBMNCPACLRS?JBCEMPBSP?AMPNMP?JN?P?MQLŽMCLTMJTGBMQCKCQNMPRCQAMKNCRGRGTMQLMPK?JKCLRC
    BC?N?P??QKSJFCPCQCBC?N?P?FMKCLQ.?SKCLRMB?EMPBSP?AMPNMP?J BCLRPMB?T?PG?ŽMBCC
    N?P?KSJFCPCQCBC?N?P?FMKCLQ PCQSJR?CKPGQAMK?GQ?JRMBCBCAPCKCLRMQL?Q?ž​BC5?JMPCQ?AGK?BC
    N?P?KSJFCPCQCN?P?FMKCLQQŽMAMLQGBCP?BMQAMKMM@CQGB?BC

    :6E26>F52?w2D?24@>A@D:wv@4@CA@C2=
    GLECQRŽMQS¤AGCLRCBCKGAPMCK?APMLSRPGCLRCQGKNMPR?LRCN?P??Q?ž _ CCKECP?JCN?P?K?LRCP?Q?ž _ CCLOS?LRMQC
    D?X BGCR? AMK M@HCRGTM BC PCBSŽM BC K?QQ? AMPNMP?J .Q K?APM C KGAPMLSRPGCLRCQ R?K@K QŽM GKNMPR?LRCQ N?P? ?
    K?LSRCLŽM BM TMJSKC C B? GLRCLQGB?BC BM RPCGL?KCLRM C N?P? NPMKMTCP ?Q ?B?NR?CQ BCQCH?B?Q NCJMQ ?RJCR?Q  AMKM
    ?SKCLRMB?,,/MPR?LRM AMLQCPT?P?BGCR?QS¤AGCLRCBCKGAPMCK?APMLSRPGCLRCQDSLB?KCLR?JN?P?RMBMQMQGL_ G q”*
    BSMQ OSC BCQCH?K M@RCP ?JRCP?CQ L? AMKNMQGŽM AMPNMP?J JK BGQQM  ?JESK?Q NPŠRGA?Q BGCRRGA?Q  AMKM GLECQRŽM BC
    NPMRC”​L?Q C A?P@MGBP?RMQ ?LRCQ C BCNMGQ B?Q QCQQCQ BC RPCGL?KCLRM  NMBCK ?HSB?P ? NPMKMTCP M APCQAGKCLRM B? ,,
    /PCTG?KCLRC CQQ?QOSCQRCQDMP?KBGQASRGB?QLMQ"?N”RSJMQC OSG T?KMQLMQAMLACLRP?PLMCDCGRMB?BGCR?QM@PCM
    @?J?LM CLCPERGAM  LMQ CPPMQ AMKSLQ NP?RGA?BMQ L?Q BGCR?Q C LMQ CDCGRMQ B? PCBSŽM BC EP?LBCQ OS?LRGB?BCQ BC K?QQ?
    AMPNMP?J

    $.$0_1(0(4*`6,&1
    .21<1>k?5>5B7lD93?PCDCPC QCP?XŽMCLRPCGLECQRŽMCE?QRMA?J™PGAM2CME?QRMA?J™PGAMRMR?JDMPK?GMPOSC?GLECQRŽM
    ?MJMLEMBMRCKNM MAMPPCPŠ?PCBSŽMBCK?QQ?AMPNMP?J2CME?QRMA?J™PGAMDMPKCLMPOSC?GLECQRŽMB?QA?JMPG?QRMR?GQ
    MAMPPCPŠME?LFMBCK?QQ?AMPNMP?J.E?QRMA?J™PGAMRMR?JGLAJSG?R?V?KCR?@™JGA?@?Q?J3,! C?QA?JMPG?QE?QR?QL?
    ?RGTGB?BCD”QGA? 3,!C?R?V?KCR?@™JGA?BCPCNMSQM3,1 CK@MP?BCBC¤LGŽMJGECGP?KCLRCBGDCPCLRCTCP"?N”RSJM
     QCPŽMSQ?B?QGLRCPA?K@G?TCJKCLRC?OSG.E?QRMA?J™PGAMBSP?LRC??RGTGB?BCD”QGA?SK?QNCARMGKNMPR?LRCB?DSLŽM
    BMCVCPA”AGMBCNPMKMTCP?JRCP?CQL?AMKNMQGŽMAMPNMP?J
    . N?NCJ B?Q ?JRCP?CQ ?R KCQKM NCOSCL?Q LM @?J?LM CLCPERGAM OSC A?SQ? KSB?L?Q L? AMKNMQGŽM AMPNMP?J ¤A?
    ?N?PCLRC LM QCESGLRC CVCKNJM 2C M E?QRM A?J™PGAM RMR?J DMP K?GMP OSC ? GLECQRŽM RMR?J BC A?JMPG?Q CK  IA?JãBG?Z
    BSP?LRC  ?LM GLRCGPM  M E?QRM A?J™PGAM QCPŠ K?GMP OSC ? GLECQRŽM CK  IA?J 2SNMLBM  IA?Jã  IEZ  CQQ?
    BGDCPCL?LM@?J?LMCLCPERGAMPCQSJR?CKPCBSŽMBC,&BCACPA?BC IE?MJMLEMBMASPQMBM?LM
    0S?LBM?GLECQRŽMA?J™PGA?PCQRPGR? ?3,1BGKGLSG MOSC?DCR?M@?J?LMCLCPERGAM-?QNMNSJ?CQQCBCLRŠPG?Q ?
    3,1PCQNMLQŠTCJNMPACPA?BC?BCRMBMME?QRMA?J™PGAM NMGQ?K?GMPG?B?QNCQQM?QN?QQ??K?GMPN?PRCBMBG?
    CK3,1MSNCPRMBCJ?   QKSB?L?QL?3,1NMBCK?DCR?PMBGQN‘LBGMA?J™PGAMRMR?JC NMPR?LRM ?DCR?P?PCBSŽM
    BC ,"3 MS ,&  KSB?L? L? 3,1 NMBC QCP EP?LBC  BC  BM T?JMP ?LRCQ B? PCQRPGŽM A?J™PGA? #CQQC KMBM  ?
    ?JRCP?ŽML?3,1BCAMPPCLRCB?PCQRPGŽMA?J™PGA?NMBCCVCPACPCDCGRMQS@QR?LAG?J?MJMLEMBMRCKNM$QQ?BGKGLSGŽML?
    3,1 BCAMPPCLRC B? PCQRPGŽM A?J™PGA?  RGNGA?KCLRC M@QCPT?B? AMKM SK KCA?LGQKM BC BCDCQ? BM AMPNM BC K?LRCP ?
    K?QQ?AMPNMP?J#CKMBMQGKGJ?P OS?LBM?GLECQRŽMA?J™PGA??SKCLR??N™QSKNCP”M​BMBCPCQRPGŽMA?J™PGA? ?3,1QM@C
    MOSC?HSB??CTGR?PE?LFMQBCK?QQ?AMPNMP?J
    3,!NMQGRGT?KCLRCAMPPCJ?AGML?B?AMK?,,C?K?QQ?BCTŠPGMQRCAGBMQOSCAMKNPCCLBCK?,,!MVC 
    $K ECP?J  KSJFCPCQ C APG?L?Q ?NPCQCLR?K ,, KCLMP OSC QCSQ Q”KGJCQ K?QASJG​LMQ    C CQQ?  SK? B?Q P?XCQ NCJ?
    OS?J R?LRM KSJFCPCQ OS?LRM APG?L?Q BCKMLQRP?K 3,! KCLMP $LRPCR?LRM  QC ? 3,1 DMP CVNPCQQ? CK PCJ?ŽM  K?QQ?
    AMPNMP?JMS,, LŽMFŠBGDCPCL?QCK3,1ã,"3ZIEMS3,1ã,,ZIE  $QQ?PCJ?ŽMGKNMPR?LRC NMGQ ?M
    D?XCPBGCR?CLŽMNP?RGA?PCVCPA”AGM SK?OS?LRGB?BCQGELG¤A?RGT?BCPCBSŽMB?,"3NPMTKB?,,/MPCVCKNJM 
    B?,"3CJGKGL?B?TGCP?KB?,,BCFMKCLQOSCNCPBCP?K IEBSP?LRCQCK?L?QBCBGCR? PCBSŽMB?,,
    NMBCBGKGLSGP?3,1C ?QQGK ?DCR?PM@?J?LMCLCPERGAM
    .@?J?LMCLCPERGAMR?K@KBCQCKNCLF?DSLŽML?PCBSŽMBCNCQMQS@QR?LAG?JGLGAG?JOSCMAMPPCOS?LBM?GLECQRŽM
    A?J™PGA? A?G BC K?LCGP? BPŠQRGA? $K KSGR?Q BGCR?Q  QM@PCRSBM ?OSCJ?Q BC @?GV? GLECQRŽM BC A?P@MGBP?RMQ  ?Q PCQCPT?Q BC
    EJGAME‘LGMBMAMPNMQŽMBCNJCR?B?QBSP?LRC??QCK?L?BCBGCR?(QQMPCQSJR?CKPCBSŽMBCNCQMSKR?LRMAMLQGBCPŠTCJ
    NMGQ M EJGAME‘LGM  ?PK?XCL?BM HSLRM ? OS?LRGB?BCQ QS@QR?LAG?GQ BC ŠES?   E '.ãE A?P@MGBP?RMZ  0S?LBM M
    EJGAME‘LGMSQ?BMLMKCR?@MJGQKM ?ŠES?JG@CP?B?CTCLRS?JKCLRCCVAPCR?B?BMAMPNM MA?QGML?LBM?PCBSŽMBCNCQM
    QS@QR?LAG?J $VGQRCK NPŠRGA?Q BGCRRGA?Q OSC ?HSB?K ? ?QQCESP?P ? PCBSŽM BC ,& ?M QC D?XCP BGCR?  KGLGKGX?LBM  BCQQC
    KMBM MQCDCGRMQB?3,!LM@?J?LMCLCPERGAM

    ,4& <
    /);<7-6-:/e<1+7-5:-87=;7,-8-6,-,-<7,7;7;<-+1,7;9=-
    +758:--6,-5)
    3,!MSE?QRMCLCPERGAMCKPCNMSQMRCKAMPPCJ?ŽMAMK?,,RMR?J$LRPCR?LRM CQQ?PCJ?ŽMBCNCLBCLRCLŽM
    ?NCL?QB?K?QQ?​KSQASJ?PCQOSCJRGA? AMKMR?K@KBCMSRPMQRCAGBMQKCR?@MJGA?KCLRC?RGTMQOSCAMKNPCCLBCK?
    ,,$KJSR?BMPCQBCQSKš9  CCQRSB?LRCQSLGTCPQGRŠPGMQLŽMRPCGL?BMQ9  ?AMPPCJ?ŽMCLRPCME?QRM
    CLCPERGAMCKPCNMSQMC,,QGELG¤A?RGT?.QJSR?BMPCQBCQSKš?NPCQCLR?K,"3=,9:<:IE C,,
    =,9:<:  IE  K?GMPCQ  @CK AMKM E?QRM CLCPERGAM CK PCNMSQM  =,9:<:  IA?JãBG?Z  C K?QQ? ​KSQASJ?P
    CQOSCJRGA? FCNŠRGA? A?PB”?​A?CPCL?JK?GMPCQOSCMQBMQCQRSB?LRCQ3MBMQCQQCQRCAGBMQQŽM?RGTMQBMNMLRMBCTGQR?
    KCR?@™JGAMCAMLRPG@SCKN?P?MBGQN‘LBGMCLCPERGAMCKPCNMSQM0S?LBMMAMLQSKMBCCLCPEG?CKPCNMSQMDMG
    CVNPCQQMCKPCJ?ŽM,,E?QRMCLCPERGAMCKPCNMSQM IA?JãRMR?J,,Z LŽMFMSTCBGDCPCL?QGKNMPR?LRCQCLRPC
    MQJSR?BMPCQBCQSKšCMQCQRSB?LRCQSLGTCPQGRŠPGMQ =,9:<: IA?JãBG?ZãIE,,Z (QQMGLBGA?OSCLŽM?NCL?Q
    ?K?QQ?​KSQASJ?PCQOSCJRGA? K?QRMBMQMQRCAGBMQKCR?@™JGAMQ?RGTMQAMLRPG@SCKN?P??AMPPCJ?ŽMCLRPCME?QRM
    CLCPERGAMBCPCNMSQMC?,,RMR?J

    %121>g:/5-
     ,GBMPGI?U?3 ,?Q?I?RQS* !CCIJCW,# CR?J'GEF1$$GLQSKMUPCQRJCPQ?RRPG@SRCBRMJ?PECMPE?L RGQQSCK?QQ,CB
    2AG2NMPRQ$VCPAZ

    ,(6$(4('7_^1'(2(51
    RS?JKCLRC  FŠ KSGRMQ LMPRC ?KCPGA?LMQ ?BSJRMQ CK BGCR? N?P? PCBSXGP ? ,&  GLBGA?LBM OSC ?Q RCLR?RGT?Q BC PCBSXGP ?
    ,&CK?LRCP?PCBSŽMLŽMQŽM@CK QSACBGB?Q5ŠPG?Q?@MPB?ECLQHŠDMP?KSQ?B?Q AMKM?QBGCR?QBC@?GV?GLECQRŽMBC
    EMPBSP? C A?P@MGBP?RM  QCLBM ? BM A?P@MGBP?RM K?GQ @CK QSACBGB? OSC ? BC @?GV? EMPBSP? L? PCBSŽM BC NCQM 
    (LBCNCLBCLRCKCLRC B? ?@MPB?ECK SQ?B?  LM CLR?LRM   GKNMPR?LRC ?QQCESP?P ? GLECQRŽM ?BCOS?B? BC RMBMQ MQ KGAPM C
    K?APMLSRPGCLRCQ$VGQRCKR?K@KMSRP?QBGPCRPGXCQBGCRRGA?QOSCQŽMžRCGQL?RCLR?RGT?BCCJGKGL?P,&

    410o6D0BDJ284=C4
     ŠES?  R?LRM ? GLECPGB? AMKM N?PRC GLRCEP?LRC BC ?JGKCLRMQ AMKM CK QMN?Q  OS?LRM ? NPMNPG?KCLRC BGR?  ?SKCLR? ?
    Q?AGCB?BCC?HSB??PCBSXGP?GLECQRŽMBCCLCPEG? ŠES?R?K@KLCACQQŠPG?N?P?K?LRCP?FGBP?R?ŽMLMPK?JDPCLRC
    CJGKGL?ŽMBMQNPMBSRMQPCQGBS?GQLMPK?GQ2CŠES?M@?QR?LRCLŽMDMPGLECPGB? ?,"3NMBCBGKGLSGP NMPKQCPŠCK
    BCAMPP‘LAG?B?NCPB?F”BPGA? CLŽMBC,&

    0s04B2>;70BB4=BwE48B4<A4;0sr>q6>A3DA0
    4K NMSAM BC EMPBSP? L? BGCR?  LCACQQŠPGM TCP "?N”RSJM   -M CLR?LRM   NMQQ”TCJ D?XCP CQAMJF?Q ?JGKCLR?PCQ OSC
    KGLGKGX?K?GLECQRŽMBCEMPBSP? AMKMMAMLQSKMBCJCGRCAMK@?GV?OS?LRGB?BCBCEMPBSP?MSBCQL?R?BMCKMNMQGŽM
    ?MJCGRCGLRCEP?J.CDCGRMBCQ?AGCB?BCB?EMPBSP?DP?AM C NMPGQQM ?GLECQRŽMBCPCDCGŽMPGA?CKEMPBSP?KSGR?QTCXCQ
    PCQSJR?CKAMLQSKMK?GMPBCA?JMPG?QRMR?GQ"MKMCKRMB?Q?QBGCR?QQ?SBŠTCGQ OS?LBMCKBGCR?N?P?PCBSŽMBC,&
    ?QEMPBSP?QQ?RSP?B?QCRP?LQBCTCKQCPPCBSXGB?QBCTGBM?QQMAG?ŽM??SKCLRMBMQPGQAMQN?P??Q?ž​BC

    #8=8<8H40@D0=C830343420;>A80BE0H80B
    Q A?JMPG?Q NPMTCLGCLRCQ BC ?JGKCLRMQ BC ?JRM RCMP A?J™PGAM  K?Q BC @?GVM T?JMP LSRPGAGML?J  QŽM AF?K?B?Q BC 31<?B91C
    F1J91C0S?LBMMM@HCRGTMPCBSXGP,&CK?LRCP?BGCR?AMKOS?LRGB?BCQS¤AGCLRCBCK?APMCKGAPMLSRPGCLRCQ CTGRC?Q
    A?JMPG?QT?XG?QBC?žA?PCQ EMPBSP?QC?JAM™GQ!C@GB?Q?JAM™​JGA?Q CQNCAG?JKCLRC?OSCJ?QKGQRSP?B?QCAPCKMQ?Q LŽM?NCL?Q
    ?BGAGML?KA?JMPG?QBGCR? AMKMR?K@KPCBSXCKMBCQCHMBCNCPK?LCACPLMPCEGKC

    $r>A43DH00B20;>A80B<D8C>3A0BC820<4=C4
    $K ECP?J  ?Q BGCR?Q BC PCBSŽM BC NCQM DMPLCACK  ?  IA?JãBG?Z 4K? PCAMKCLB?ŽM NPSBCLRC AMLQGQRC CK
    GLRCLQG¤A?P?Q?RGTGB?BCQD”QGA?QCPCBSXGP?GLECQRŽMA?J™PGA?BCKMBMOSCMB¤AGRBCIA?JãBG?ZBG?QCH?AMLQCESGBM M
    OSC NCPKGRC M AMLQSKM BMQ KGAPMLSRPGCLRCQ ?BCOS?BMQ C ? KGLGKGX?ŽM B? PCBSŽM BC ,, PCQSJR?LRC B? BGCR? 2C ?
    GLECQRŽMBCA?JMPG?QDMPPCBSXGB?KSGRMBP?QRGA?KCLRC NMBCMAMPPCPRP?LQRMPLMB?AMKNSJQŽM?JGKCLR?PNCPG™​BGA? MOSC
    MA?QGML??SKCLRMBMAMLQSKMBCA?JMPG?Q CKECP?JBCA?JMPG?QT?XG?Q

    #0=C4=700B?>As~4B?4@D4=0B
    .R?K?LFMB?QNMPCQAPCQACSBCKMBMEPGR?LRCLMQžJRGKMQ?LMQ CMQLMPRC ?KCPGA?LMQN?QQ?P?K?CQNCP?PNMPEP?LBCQ
    NMPCQ CK PCQR?SP?LRCQ C CK A?Q? /MPCQ EP?LBCQ NPMKMTCK K?GMP GLECQRŽM A?J™PGA? /?P? PCBSXGP M AMLQSKM BC
    A?JMPG?Q BGKGLS?MR?K?LFMB?NMPŽM?MKCQKMRCKNMOSCAMLQCPT??GLECQRŽM?BCOS?B?BCLSRPGCLRCQ
     SRGJGX?ŽM BCQQ?Q AMLBSR?Q  @CK AMKM B?Q BGPCRPGXCQ BGCRRGA?Q B? GLECQRŽM BC K?APMLSRPGCLRCQ  ?HSB? ? AMLQCESGP ?
    PCBSŽM BC ,& ?M KCQKM RCKNM OSC KGLGKGX? ? PCBSŽM BC ,, ?M D?XCP BGCR? .SRPM ?QNCARM B? PCBSŽM BC ,& 
    NP?RGA?P?RGTGB?BCQD”QGA?Q?¤KBC?ACL
    oS?PME?QRMA?J™PGAMCBGKGLSGP?PCBSŽMBC,,

    76:E@5@6I6C4{4:@D@3C624@>A@D:wv@4@CA@C2=
     ?RGTGB?BC D”QGA? NMBC ?DCR?P ? AMKNMQGŽM AMPNMP?J BC TŠPG?Q K?LCGP?Q !MVC   2C M E?QRM A?J™PGAM BCAMPPCLRC B?
    ?RGTGB?BCPCQSJR?CK@?J?LMCLCPERGAMLCE?RGTMGLECQRŽMA?J™PGA?KCLMPOSCME?QRM ?,&T?GBGKGLSGPAMKMRCKNM
     ?RGTGB?BC D”QGA? R?K@K NMBC NPMKMTCP ?SKCLRM B? ,, . NCPACLRS?J BC EMPBSP? LM AMPNM NMBC BGKGLSGP CK
    BCAMPP‘LAG? B? ?RGTGB?BC D”QGA? BCTGBM  PCBSŽM B? ,&  APCQAGKCLRM B? ,,  MS SK? AMK@GL?ŽM BCQQCQ BMGQ D?RMPCQ
    "MLDMPKCHŠBGQASRGBM?LRCQ NMPA?SQ?B?PCJ?ŽMCLRPC,&C3,1 ??RGTGB?BCD”QGA?OSCCJCT??,,T?G?SKCLR?P?
    3,12C?CJCT?ŽMB?3,1A?SQ?@?J?LMCLCPERGAMLCE?RGTM ?,&T?GBGKGLSGLBM?MJMLEMBMRCKNM
    3MBMRGNMBC?RGTGB?BCD”QGA??ACL​RS?ME?QRMA?J™PGAM$LRPCR?LRM ?CQRGK?RGT?BMAMLQSKMBCA?JMPG?QBSP?LRC?R?PCD?
    D”QGA?NPM@JCKŠRGA? NMGQBCNCLBCBCKSGRMQD?RMPCQ K?QQ?AMPNMP?JGL¥SCLAG?MBGQN‘LBGMCLCPERGAMQCNPCAGQ?PQCP
    A?PPCE?B??MJMLEMB??RGTGB?BC!MVC 3MB?Q?QT?​PGŠ​TCGQPCJ?AGML?B?QAMKTMJSKCCGLRCLQGB?BCBMRPCGL?KCLRMBC
    PCQGQR‘LAG?MS?CP™@GM?DCR?KME?QRMA?J™PGAMRMR?J/MPCVCKNJM LMRPCGL?KCLRMBCPCQGQR‘LAG? ME?QRMBCCLCPEG?K?GQ
    ?JRMBSP?LRCSK?QCQQŽMMAMPPCAMKMQCESGLRCCVCPA”AGMQBCEP?LBC=,9:<:NCOSCL?K?QQ?​KSQASJ?P K?GQQPGCQRMR?GQBC
    CVCPA”AGM QPGCQBCPCNCRGCQKŠVGK?Q=,9:<:BCPCNCRGCQKŠVGK?Q NCP”M​BMQBCPCNMSQMASPRMQQ =,9:<:JMLEMQ
     CKGL NCP”M​BMQBCPCNMSQMLMJCT?LR?KCLRMBCPCNCRGCQKŠVGK?Q K?QLŽMBCPCNCRGCQKŠVGK?QC??JR?
    GLRCLQGB?BC?BC1, K?GQOSC?KMBCP?B??BC1, C?K@?Q?QGLRCLQGB?BCQ ?JR?CKMBCP?B? K?GQ
    ? OSC @?GV?  ?  BC  1,   TCJMAGB?BC BM KMTGKCLRM BSP?LRC M RPCGL?KCLRM AMK NCQM TCK KMQRP?LBM
    PCQSJR?BMQKGQRMQ AMK?QTCJMAGB?BCQK?GQPŠNGB?QNPMKMTCLBME?QRMCLCPERGAMK?GMPOSC?QTCJMAGB?BCQK?GQ@?GV?QC
    TGAC TCPQ? $KQCESGB? T?KMQLMQAMLACLRP?PLME?QRMBCCLCPEG?B?QQCQQCQR”NGA?QBMRPCGL?KCLRM?CP™@GMCAMK
    NCQM

    $561&$.e4,&1'164(,0$/(061'(4(5,56a0&,$​/75&7.$4($(4e%,1
    AMKN?P?ŽMBMBGQN‘LBGMCLCPERGAMB?QQCQQCQBCRPCGL?KCLRM?CP™@GMCBCPCQGQR‘LAG?​KSQASJ?PBGD”AGJBCTGBM?MQ
    CDCGRMQ BM TMJSKC C B? GLRCLQGB?BC BM RPCGLM BCK?GQ  LŽM ?NCL?Q M E?QRM A?J™PGAM BSP?LRC M RPCGL?KCLRM NPCAGQ? QCP
    BCRCPKGL?BM AMKMR?K@KMAMLQSKMBCA?JMPG?QGKCBG?R?KCLRC?N™Q?QCQQŽMBCRPCGL?KCLRMNPCAGQ?QCPBCRCPKGL?BM
    AMLDMPKCCQRGK?BM?N?PRGPBMCVACQQMBCAMLQSKMBCMVGE‘LGM?N™QMCQDMPMTCP"?N”RSJM A?QMAMLRPŠPGM ?E?QRM
    A?J™PGAMRMR?JQCPŠQS@CQRGK?BM$QRSBMQT‘KCQRGK?LBMMBGQN‘LBGMBCA?JMPG?QBSP?LRC?QQCQQCQBCRPCGL?KCLRMR”NGA?Q

    ,4&  ;
    4<-:)dc7,)+7587;1dc7+7:87:)48:757>1,)8-47-@-:+h+17
    $ *B1F9C*B9@<5DD&8
    96-,::69
    ,7(9;4,5;6-,(3;/,0:<9,(5+?,9*0:, *0,5*,
    77(3(*/0(5 ;(;,"50=,9:0;@
    665,

    4K BMQ M@HCRGTMQ K?GQ NPMCKGLCLRCQ B? Q?ž​BC C BM AMLBGAGML?KCLRM OSC CVCPAC EP?LBC GL​¥S‘L ^G? QM@PC ?Q
    GLBžQRPG?QBCQSNJCKCLRMQLSRPGAGML?GQAMLBGAGML?KCLRMCLSRPGŽMMBCQCHMBC?JRCP?P?AMKNMQGŽMAMPNMP?J.
    DMAMK?GQAMKSK?PCBSŽMBCNCQMNMPKCGMB?BGKGLSGŽMB?EMPBSP?AMPNMP?JAMKMSKRMBM CK@MP?CVGQR?K
    KSGR?QNCQQM?QOSCR?K@KBCQCH?K?SKCLR?P?K?QQ?​KSQASJ?P$LOS?LRMMQCQNCAG?JGQR?QPCAMLFCACKOSCGQQM
    AMLQCESGBM BC K?LCGP? K?GQ C¤AGCLRC NMP KCGM B? AMK@GL?ŽM BC CVCPA”AGM C KMBG¤A?CQ L? BGCR?   CVGQRCK
    KSGR?Q CKNPCQ?Q C GL​BG​T”​BSMQ OSC QC AMLACLRP?K QMKCLRC LMQ ?QNCARMQ LSRPGAGML?GQ B?Q ?JRCP?CQ B? AMKNMQGŽM
    AMPNMP?J  HŠ OSC ?Q NCQQM?Q QŽM  KSGR?Q TCXCQ  K?GQ NPMNCLQ?Q Q KSB?L?Q BGCRRGA?Q BM OSC  NPŠRGA? BC SK
    NPMEP?K? BC CVCPA”AGM PCESJ?P -M CLR?LRM  M CVCPA”AGM  LCACQQŠPGM LŽM ?NCL?Q N?P? ?JA?L?P ?Q ?JRCP?CQ L?
    AMKNMQGŽM BM AMPNM BCQCH?B?Q AMKM R?K@K N?P? K?LR‘ J?Q #GDCPCLRCQ RGNMQ BC CVCPA”AGM NMBCK PCQSJR?P CK
    KSB?L?Q BGQRGLR?Q L? AMKNMQGŽM AMPNMP?J C  GKNMPR?LRC CLRCLBCP ? @?QC BGQQM N?P? OSC ? QCJCŽM BM CVCPA”AGM
    NMQQ?QCPMRGKGX?B?
    .CVCPA”AGM?CP™@GMCVACJCLRCN?P?NPMKMTCP?PCBSŽMBCEMPBSP?AMPNMP?J NMGQ?QTG?QKCR?@™JGA?QCLTMJTGB?Q
    LM DMPLCAGKCLRM BC CLCPEG? N?P? ? ?RGTGB?BC SRGJGX?K EMPBSP? C A?P@MGBP?RM AMKM AMK@SQR”TCGQ NPGKŠPGMQ M
    CV?KGL?P?AMKNMQGŽMAMPNMP?JBCGL​BG​T”​BSMQOSCNP?RGA?KKSGRMQCVCPA”AGMQ?CP™@GMQ AMKM?RJCR?QBC,5+<9(5*,
    BCCJGRC ™@TGMOSCCQQ?QNCQQM?QRCLBCK?RCP@?GV?QOS?LRGB?BCQBCEMPBSP?LMAMPNM-MCLR?LRM LMPK?JKCLRC
    LŽM ?NPCQCLR?K ​KžQASJMQ EP?LBCQ M CV?KGL?P MQ GL​BG​T”​BSMQ OSC N?PRGAGN?K BC RPCGLMQ BC PCQGQR‘LAG? ​KSQASJ?P
    AMKM ?RJCR?Q BC JCT?LR?KCLRM BC NCQM AMKNCRGRGTM  F?JRCPM¤JGQR?Q C ?RJCR?Q BC NMR‘LAG?DMP?  CLOS?LRM ?JESLQ
    ?NPCQCLR?K KCLMQ EMPBSP? AMPNMP?J OSC MSRPMQ  ? A?P?ARCP”QRGA? K?GQ AMKSK  ? EP?LBC OS?LRGB?BC BC K?QQ? ​
    KSQASJ?P.CVCPA”AGMBCPCQGQR‘LAG? NMPR?LRM KCJFMPN?P?NPMKMTCPE?LFMQBCK?QQ?​KSQASJ?P CK@MP??QCJCŽM
    BMCVCPA”AGMCMNPMEP?K?AMKMSKRMBMA?SQCKGKN?ARMQQM@PCMAPCQAGKCLRM​KSQASJ?P
    3ALGAMQC7,9:65(3;9(05,9:NPCAGQ?KCLD?RGX?PN?P?QCSQ?RJCR?QCAJGCLRCQOSCR?LRMMCVCPA”AGMOS?LRM?QKSB?L?Q
    L? BGCR? QŽM LCACQQŠPGMQ N?P? ?JRCP?P ? AMKNMQGŽM AMPNMP?J . NMLRM APSAG?J TMJR? ?M @?J?LM A?J™PGAM  BGD”AGJ
    PCBSXGP NCQM QC K?GQ A?JMPG?Q QŽM AMLQSKGB?Q BM OSC E?QR?Q #? KCQK? K?LCGP?   BGD”AGJ ?SKCLR?P NCQM
    NPCQSKGB?KCLRC K?QQ? K?EP?  QC M GL​BG​T”​BSM LŽM AMLQMKC A?JMPG?Q QS¤AGCLRCQ $LOS?LRM ?Q KMBG¤A?CQ
    BGCRRGA?Q QŽM  QCK BžTGB?  N?PRC BM EP?LBC OS?BPM ECP?J  M CVCPA”AGM ?NMLR? N?P? M J?BM BM E?QRM A?J™PGAM B?
    COS?ŽM/MPR?LRM KSGRMGKNMPR?LRC
    5D5B=9>1B?2:5D9F?CB51<9CD1C53B?>?<s793?C@1B11<31>k1B13?=@?C9kj?3?B@?B1<45C5:141 .NPM¤QQGML?J
    NPCAGQ? RCP AMLFCAGKCLRM BMQ L”TCGQ LMPK?GQ BC EMPBSP? AMPNMP?J B?Q NCQQM?Q CK ECP?J C BMQ ?RJCR?Q K?QASJG​LMQ C
    DCKGLGLMQ CCKOSCAMLQGQRC?OS?LRGB?BCQ?SBŠTCJBCPCBSŽMMS?SKCLRMBCNCQMCKB?BMNCP”M​BMBCRCKNM
    /MP CVCKNJM  LŽM  PC?JGQR? N?P? SK AJGCLRC MS ?RJCR? PCBSXGP  IE CK  K‘Q SK? TCX OSC ? PCBSŽM BC NCQM
    PCAMKCLB?B?BC?NCL?Q ?IENMPQCK?L?#?KCQK?K?LCGP? M?SKCLRMPŠNGBMBCNCQMP?P?KCLRCPCQSJR?
    CK?SKCLRMB?K?QQ?K?EP? PCAMKCLB?ŽM?RS?J?KCQK??NCL?Q ?IENMPQCK?L?BC?SKCLRMBCNCQM
    C3?<81?C5H5B3o39?CAE5=5<8?BC51:ECD5=1?C?2:5D9F?C  K?GMPG?BMQRGNMQBCCVCPA”AGM?CP™@GM™RGK?
    N?P? NPMKMTCP ? PCBSŽM BC NCQM 0S?LRM K?GQ ​KžQASJMQ C ?P​RGASJ?CQ CLTMJTGBMQ LM CVCPA”AGM  K?GMP M E?QRM
    A?J™PGAM  M OSC OSCP BGXCP OSC M E?QRM A?J™PGAM LMQ CVCPA”AGMQ BC QSQRCLR?ŽM BC NCQM   AMK DPC​OS‘LAG?  K?GMP
    NMPKMCVCPA”AGMNPCAGQ?QC?BCOS?PQJGKGR?CQBMAJGCLRCMS?RJCR? GLRCLQG¤A?ŽMBMCVCPA”AGM?CP™@GMR?K@K
    NPMKMTCE?QRMQA?J™PGAMQGKNMPR?LRCQ BCQBCOSC??RGTGB?BCNMQQ?QCPK?LRGB?NMPRCKNMQS¤AGCLRC2CMM@HCRGTM
    DMPR?K@K?SKCLR?P?K?QQ?​KSQASJ?P MQCVCPA”AGMQBCPCQGQR‘LAG?​KSQASJ?PNPCAGQ?KQCPGLAMPNMP?BMQMSDMA?BMQ
    +D9<9J549F5BC?C=?4?C455H5B3o39?C@1B1?D9=9J1B?CB5CE<D14?C 4K?TCXOSCMRPCGL?KCLRMBCPCQGQR‘LAG?​
    KSQASJ?P NPMKMTC ?SKCLRM B? K?QQ? ​KSQASJ?P  M KCR?@MJGQKM BC PCNMSQM CK ECP?J QC ?ACJCP?  M OSC D?AGJGR? ?
    CJGKGL?ŽMBCEMPBSP?AMPNMP?J QT?PG?CQBCQQCRGNMBCCVCPA”AGMNMBCR?K@K?HSB?P?K?LRCP?KMRGT?ŽMN?P?
    MNPMEP?K?BCCVCPA”AGMQ
    NPŠRGA?BCCVCPA”AGMQBCTCQCPRŽMGKNMPR?LRCOS?LRM?QKSB?L?QBGCRRGA?QN?P??JRCP?P?AMKNMQGŽMAMPNMP?J
    B?NCQQM? QQGKOSC?NCQQM?AMKC??TCPMQPCQSJR?BMQBMNPMEP?K??@P?LECLRC ¤A?K?GQDŠAGJK?LRCPMQSACQQM
    KCBGB?OSC?PMRGL?BCCVCPA”AGMQC?QKSB?L?QL?BGCR?QCRMPL?KSKCQRGJMBCTGB?

    %121>g:/5-?
     'CWU?PB5' 6?ELCP#1 NNJGCB!MBW"MKNMQGRGML QQCQQKCLR LBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
     *JCK ,+  6GLE 11  ,A&SGPC ,3  CR ?J  BCQAPGNRGTC QRSBW MD GLBGTGBS?JQ QSAACQQDSJ ?R JMLE RCPK K?GLRCL?LAC MD
    QS@QR?LRG?JUCGEFRJMQQ K)"JGL-SRP Z
     *P?CKCP 6)  5MJCI )2  "J?PI *+  CR ?J (L¥SCLAC MD CVCPAGQC RP?GLGLE ML NFWQGMJMEGA?J ?LB NCPDMPK?LAC AF?LECQ UGRF
    UCGEFRJMQQGLKCL,CB2AG2NMPRQ$VCPA Z
     1CGKCPQ*-SRPGRGML?JD?ARMPQGLFC?JRF?LBNCPDMPK?LAC(L!?CAFJC3 $?PJC1 CBQ$QQCLRG?JQMD2RPCLERF3P?GLGLE?LB
    "MLBGRGMLGLE PBCBZ
     1MQQ1 %PCCK?L) )?LQQCL($VCPAGQC?JMLCGQ?LCDDCARGTCQRP?RCEWDMPPCBSAGLEM@CQGRW?LBPCJ?RCBAMKMP@GBGRGCQ$VCPA
    2NMPR2AG1CT Z

    ,4&
    
    =)4e7/);<7+)4l:1+7,)+)5160),)7=+7::1,)
    .E?QRMA?J™PGAMB?A?KGLF?B?MSAMPPGB?APCQACAMKM?SKCLRMB?TCJMAGB?BCCBCK?QQ?AMPNMP?J NMGQ?K?QQ?
    AMPNMP?J NPCAGQ? QCP RP?LQNMPR?B? BSP?LRC ? ?RGTGB?BC  A?KGLF?B? MS AMPPGB? CK QS@GB?Q MS BCQAGB?Q ?DCR? M
    BGQN‘LBGM BC A?JMPG?Q v NMQQ”TCJ CQRGK?P M E?QRM A?J™PGAM B? A?KGLF?B? MS AMPPGB? CK RCPPCLM LGTCJ?BM C ?
    TCJMAGB?BCCQNCA”¤A?NMPKCGMB?QCESGLRCCOS?ŽM
    &?QRMA?J™PGAMIA?J K?QQ?AMPNMP?JIE nE?QRMA?J™PGAMOSGJMEP?K?BCK?QQ?L?TCJMAGB?BCCQNCA”¤A?nRCKNM
    KGL
    #GQN‘LBGMBCA?JMPG?QNMPOSGJMEP?K?BCK?QQ?AMPNMP?JCKTCJMAGB?BCCQNCA”¤A?
    "?KGLF?B?? IKF IA?JãIEZ
    "?KGLF?B?? IKF IA?JãIEZ
    "MPPGB??IKF IA?JãIEZ
    "MPPGB?? IKF IA?JãIEZ
    "MPPGB??IKF IA?JãIEZ
    "MPPGB?? IKF IA?JãIEZ
    "MPPGB??IKF IA?JãIEZ
    "MPPGB?? IKF IA?JãIEZ
    2CSKGL​BG​T”​BSM?NPCQCLR?,"3BCIECAMPPCKGLCKTCJMAGB?BCBC IKF ME?QRMA?J™PGAMCQRGK?BM
    QCPŠ
    &?QRMA?J™PGAMIA?J IEn IA?JãIEZnKGL
    &?QRMA?J™PGAMIA?J  IA?J
    #?BMQ BC E?QRM A?J™PGAM M@RGBMQ BC GLQUMPRF !$  '?QICJJ 6+  +CML 2 ,; (3 "MKNCLBGSK MD NFWQGA?J ?ARGTGRGCQ
    AJ?QQG¤A?RGMLMDCLCPEWAMQRMDFSK?LNFWQGA?J?ARGTGRGCQ,CB2AG2NMPRQ$VCPA 

     AMKN?P?ŽM CLRPC SK? QCQQŽM BC RPCGL?KCLRM AMK NCQM BC  KGL BC BSP?ŽM  CVCPA”AGMQ   QPGCQ BC  ? 
    PCNCRGCQ JCT?LR?LBM?BC1,CSK?QCQQŽMBCAMPPGB?BCKGLBCBSP?ŽM??BMAMLQSKMBC
    MVGE‘LGMKŠVGKM LŽMBCKMLQRPMSBGDCPCL?QGKNMPR?LRCQLME?QRMBCCLCPEG?CKPCNMSQML?? ?C?FMP??N™QM
    RPCGLM AMPPGB?NPMKMTCS?SKCLRMAMLQGBCPŠTCJBME?QRMBCCLCPEG?CKPCNMSQMBCFL??IA?J C?FMP?
    IA?J K?QLŽML??FMP?IA?J CKAMKN?P?ŽMAMKMPCNMSQMIA?JTCP!MVC $LRPCR?LRM M
    RPCGL?KCLRMAMKNCQMPCQSJRMSCKAPCQAGKCLRMQGELG¤A?RGTMBME?QRMCLCPERGAMCKPCNMSQMBCFL??IA?J C
    ? FMP?  IA?J  K?Q LŽM L? ? FMP?  IA?J  CK AMKN?P?ŽM ?M PCNMSQM  IA?J  -CLFSK? BGDCPCL?
    QGELG¤A?RGT?CLRPC?QBS?QQCQQCQBCRPCGL?KCLRMLME?QRMBCCLCPEG?CKPCNMSQMDMGKMQRP?B? QBS?QQCQQCQ?ACJCP?P?K
    MKCR?@MJGQKMB?EMPBSP?QCKBGDCPCL?QGKNMPR?LRCQCLRPC?QQCQQCQBCRPCGL?KCLRMCKF$QQC?AF?BMGLBGA?OSCMQ
    RPCGLMQ ?CP™@GM C AMK NCQM BC GES?J CVRCLQŽM C PC?​JG​X?BMQ L? KCQK? GLRCLQGB?BC MA?QGML?K E?QRM CLCPERGAM C
    KCR?@MJGQKMBCEMPBSP?COSGT?JCLRCQ CK@MP?QCBGQASR?QC?AMKN?P?ŽMCLRPC?AMPPGB?CMRPCGL?KCLRMAMKNCQM??
    B?GLRCLQGB?BCHSQR?
     AMKN?P?ŽM CLRPC SK? QCQQŽM BC RPCGL?KCLRM BC AGAJGQKM C SK? AMK NCQM R?K@K LŽM KMQRPMS BGDCPCL?Q
    GKNMPR?LRCQLME?QRMA?J™PGAM-CQQ?AMKN?P?ŽM CLRPCR?LRM ?QBSP?CQB?QQCQQCQLŽMDMP?KCOSGT?JCLRCQ-MTCLR?C
    AGLAMKGLSRMQBCAGAJGQKM?BMAMLQSKMBCMVGE‘LGMKŠVGKMPCQSJR?P?KCKAMLQSKMBCIA?JBSP?LRC?QCQQŽMC
    E?QRMBCCLCPEG?CKFBCIA?J.RPCGLMAMKNCQMNMPKGLCVCPA”AGMQ QPGCQBCPCNCRGCQCSK??
    QPGC?RD?JF?PSQ?LBMBC1, AMLQSKGSIA?JCE?QRMCLCPERGAMCKFBCIA?J.BGQN‘LBGMA?J™PGAM
    LMAGAJGQKMDMGQGELG¤A?RGT?KCLRCK?GMPOSCBSP?LRCMRPCGL?KCLRMAMKNCQM NMPKMQE?QRMQCLCPERGAMQCKFLŽM
    DMP?KBGDCPCLRCQBCK?LCGP?AMLQGBCPŠTCJ
    .RPCGL?KCLRM?CP™@GMCAMKNCQM?ACL​RS?KME?QRMA?J™PGAMBSP?LRC??RGTGB?BCCCJCT?KMBGQN‘LBGMCLCPERGAMBC
    PCNMSQMNMP?R?F?N™Q?QCQQŽMBCRPCGL?KCLRM.RPCGLMAMKNCQM?SKCLR??,,AMKMRCKNM NMPR?LRMNMBC
    MDCPCACP?T?LR?ECKBCGLRCLQG¤A?P?3,!BCTGBM,,K?GMP SKCLRMQR”NGAMQBC,,BCAMPPCLRCQBMRPCGL?KCLRM
    AMKNCQMQŽMBCACPA?BC IEãQCK?L?ZvNMQQ”TCJOSCCVGQR?SK@CLCD”AGML?PC?​JG​X?ŽMBMRPCGL?KCLRMAMKNCQMC
    BMCVCPA”AGM?CP™@GMAMLAMKGR?LRCKCLRCOS?LBMQCCQRŠCKBGCR?AMKMM@HCRGTMBC?JRCP?P?AMKNMQGŽMAMPNMP?J-MQ
    FMKCLQOSCCJGKGL?P?K IECKQCK?L?QAMKBGCR?CCVCPA”AGM?CP™@GM ?NCL?QB?K?QQ?AMPNMP?JNCPBGB?DMG
    NPMTCLGCLRC BC ,&  CLOS?LRM L?OSCJCQ OSC PCBSXGP?K ? KCQK? OS?LRGB?BC BC K?QQ? AMPNMP?J AMK BGCR?  CVCPA”AGM
    ?CP™@GM C BC PCQGQR‘LAG? ​KSQASJ?P   DMP?K NPMTCLGCLRCQ BC ,& #CQQC KMBM  ? AMK@GL?ŽM BC BGCR?  RPCGL?KCLRM
    ?CP™@GMCBCPCQGQR‘LAG?​KSQASJ?PNPMNMPAGMLMSK?GMPPCBSŽMBC,&CKCLMPBC,,

    ('7_^1.1&$.,:$'$
     B54Ekj? <?31<9J141 D?X PCDCP‘LAG?  PCBSŽM JMA?JGX?B? BC EMPBSP? QS@ASR‹​LC? CK SK? PCEGŽM AMPNMP?J MS EPSNM ​
    KSQASJ?PK?GQ?ACL​RS?B?OSCCKMSRP?QN?PRCQBMAMPNM CKPCQSJR?BM?MCVCPA”AGMB?​ŠPC?MSBMEPSN?KCLRM​KSQASJ?P
    CKN?P​RGASJ?P/MPCVCKNJM QCCVCPA”AGMQ?@BMKGL?GQNPMKMTCKSK?PCBSŽMJMA?JGX?B? MPCQSJR?BMQCPŠBGKGLSGŽMK?GQ
    ?ACL​RS?B? BC EMPBSP? L? ​ŠPC? ?@BMKGL?J BM OSC L?Q MSRP?Q N?PRCQ BM AMPNM  K?GMPG? B?Q CTGB‘LAG?Q ? PCQNCGRM BM
    ?QQSLRM LMCLR?LRM LŽMPCQN?JB??PCBSŽMJMA?JGX?B?BCAMPPCLRCB?NPŠRGA?BMCVCPA”AGMBCPCQGQR‘LAG?LCKCKFMKCLQ
    LCK CK KSJFCPCQ $LRPCR?LRM  M KCR?@MJGQKM BC EMPBSP? LM ​KžQASJM ?BH?ACLRC ?M JMA?J CK CVCPA”AGM  K?GMP CK
    AMKN?P?ŽM?M​KžQASJMCKPCNMSQMDPCLRC?MCVCPA”AGM?CP™@GMBCCKGLBCBSP?ŽM(QQMGLBGA?OSC?PCBSŽM
    JMA?JGX?B?NMBCMAMPPCP"MLRSBM EP?LBCN?PRCB?QCTGB‘LAG?Q?NMLR?OSC?PCBSŽMJMA?JGX?B?LŽMMAMPPC

    A6E:E666I6C4{4:@
    #SP?LRC M RPCGL?KCLRM D”QGAM BC JMLE? BSP?ŽM  AMK EP?LBC TMJSKC C ?JR? GLRCLQGB?BC  ? GLECQRŽM BC CLCPEG? NPCAGQ?
    ?SKCLR?P A?QMAMLRPŠPGM ?,"3CCTCLRS?JKCLRC?,,NMBCKBGKGLSGP MA?QGML?LBMBCAJ”LGMBMBCQCKNCLFMD”QGAM
    /MBC N?PCACP OSC GQQM GLBGA? OSC M ?NCRGRC ?SKCLR? DPCLRC ?M RPCGL?KCLRM D”QGAM  NMPK LŽM  RMR?JKCLRC TCPB?BC .
    CDCGRMGKCBG?RMB??RGTGB?BCD”QGA?L?K?GMPG?B?QNCQQM?Q?PCBSŽMBM?NCRGRC?N™QMCVCPA”AGM ?RGTGB?BCD”QGA?CM
    AMLRPMJCBM?NCRGRCCLTMJTCKKSGRMQD?RMPCQ.FGNMRŠJ?KM?​ŠPC?BMAPC@PMOSCNPGK?PG?KCLRCAMLRPMJ?M?NCRGRCC?
    C13954145  ? QCLQ?ŽM BC Q?RGQD?ŽM OSC MAMPPC ?N™Q ? PCDCGŽM C GLG@C ? TMLR?BC BC AML​RG​LS?P AMKCLBM  CJCT?ŽM B?Q
    AMLACLRP?CQ Q?LES”​LC?Q BC A?RCAMJ?KGL?Q C B? RCKNCP?RSP? AMPNMP?J ?N™Q M CVCPA”AGM NMBC PCBSXGP M ?NCRGRC
    3CKNCP?RSP?Q ?K@GCLR?GQ OSCLRCQ C DPG?Q ?DCR?K ? RCKNCP?RSP? BM AMPNM  C  AMK GQQM  PCBSXCK MS CV?ACP@?K M ?NCRGRC
    PCQNCARGT?KCLRC.FMPKšLGMEPCJGL? QCAPCR?BMNPGLAGN?JKCLRCNCJMCQRšK?EMCKPCQNMQR?GLECQRŽM?JGKCLR?P CQRGKSJ?
    M ?NCRGRC C NPMKMTC M ?PK?XCL?KCLRM BC CLCPEG?  JCNRGL?  SK? NPMRC”​L? NPMBSXGB? NCJ?Q AJSJ?Q ?BGNMQ?Q OS?LBM ?
    PCQCPT?BCEMPBSP?QS¤AGCLRC  \ RS?AMKMFMPKšLGMOSCQSNPGKCM?NCRGRC PCQNMQR?B?GLQSJGL?CB?EJGAMQCQ?LES”​
    LC?  GLECQRŽM BC ?JGKCLRMQ R?K@K ?DCR? M ?NCRGRC $K@MP? M AMLRPMJC ¤QGMJ™EGAM BM ?NCRGRC LŽM CQRCH? ?GLB? KSGRM
    AJ?PM N?PCACOSC L?K?GMPG?BMQGL​BG​T”​BSMQ ?PCQNMQR??RGTGB?BCD”QGA??BGKGLSGŽMBM?NCRGRCJMEM?N™Q?NPŠRGA? C
    LŽM?SKCLRMECP?JBM?NCRGRCN?P?AMKNCLQ?PME?QRMA?J™PGAMK?GMPBCAMPPCLRCB??RGTGB?BCD”QGA?

    )65Fwv@Ds3:256>2DD24@CA@C2=
    K?GMPN?PRCB?QNCQQM?QOSCBCQCH?PCBSXGPNCQM GLAJSQGTC?RJCR?Q NPCRCLBCOSC?PCBSŽMNPMTCLF?B?,& CLŽMB?
    ,,  C GLRCLR? QCP A?N?X BC K?LR‘ J? SK? TCX ?JA?L?B? #C KMBM ECP?J  ?RGLEGP CQQCQ BMGQ M@HCRGTMQ OSCP BGXCP OSC ?
    PCBSŽM B? ,& NPCAGQ? MAMPPCP BCT?E?P BSP?LRC SK NCP”M​BM PCJ?RGT?KCLRC JMLEM /?P? K?VGKGX?P ? PCBSŽM BC ,& C
    KGLGKGX?P?BC,, ?AMK@GL?ŽMBCBGCR?CNPŠRGA?BCCVCPA”AGMQBCTCQCPSQ?B?N?P?APG?PMB¤AGRA?J™PGAMLCACQQŠPGM
    -CKRMB?Q?QNCQQM?QPCQNMLBCKAMK?KCQK?PCBSŽMBCK?QQ??MKCQKMPCEGKCBCBGCR?CCVCPA”AGM APCBGR?T? QC
    ?LRCQ OSC?QNCQQM?QOSCLŽMCJGKGL?T?KK?QQ?AMPNMP?JAMKPCEGKCQBCBGCR?CCVCPA”AGMLŽMQCESG?KMNJ?LMNPCQAPGRM
    MS LŽM CP?K YM@CBGCLRCQ^ 'MHC CQRŠ AJ?PM OSC  BCTGBM Q BGDCPCL?Q GL​BG​TG​BS?GQ  AMKM ?Q BC R?V? KCR?@™JGA? C E?QRM
    A?J™PGAMBSP?LRC?Q?RGTGB?BCQ ?JESLQOSCQCESCKMKCQKMPCEGKCBCBGCR?CCVCPA”AGMOSCMSRPMQLŽMAMLQCESCKPCBSXGP
    R?LR?,"3OS?LRMMSRPMQ/MPR?LRM NMBCKMQAMLAJSGPOSCCVGQRCKMQ@?GVMQPCQNMLQGTMQCMQ?JRMQPCQNMLQGTMQ?MKCQKM
    NPMEP?K?BCPCBSŽMBCNCQM3CPAMLFCAGKCLRMBGQQMT?G?HSB?P?MQ@?GVMQPCQNMLQGTMQ?LŽMQCBCQCLAMP?H?PCKC?AML​RG​
    LS?PLMNPMEP?K?BCPCBSŽMBCNCQM
    /?P?K?VGKGX?P?PCBSŽMBC,& ?NCQQM?AMKSKBCTCPCBSXGPACPA?BC ? IEQCK?L?Z$K@MP?N?PC?JCLR?
    QC CQQ? R?V? NCPK?LCACP ?M JMLEM BC  ?LM  ? NCQQM? NMBC PCBSXGP BC   ?   IE $JGKGL?P K?QQ? AMPNMP?J LCQQ?
    TCJMAGB?BC?HSB??E?P?LRGP?PCBSŽMB?,& CLŽMBC,,+CK@PC QCBCOSC?PCBSŽMBC,,JCT?JCLRGBŽMB?3,!
    MOSCRMPL??PCBSŽMBC,&K?GQBGD”AGJC?RP?N?JF?MBCQCKNCLFMD”QGAMCKKSGRMQCQNMPRCQC?RGTGB?BCQ$VCPA”AGMQ C
    LŽM?NCL?QBGCR? BCTCKQCPSQ?BMQL?PCBSŽMBC,& NMGQMCVCPA”AGMKGLGKGX??PCBSŽMBC,,CCJCT??MVGB?ŽMBC
    EMPBSP? 2SNMLBM OSC FŠ  IA?JãIEZ BC EMPBSP?  N?P? ?JA?L?P ? PCBSŽM BC K?QQ? AMPNMP?J BC   ?  
    IEQCK?L?Z NPCAGQM?RGLEGPMB¤AGRA?J™PGAMBGŠmGMBC?IA?J
    1CAMKCLB? QCME?QRMBCCLCPEG?BSP?LRC??RGTGB?BCD”QGA?BC?IA?JãBG?Z MOS?JBCTCQCP?QQMAG?BMBGCR?L?
    @SQA?NCJMM@HCRGTMBC?JA?L?PMB¤AGRA?J™PGAMRMR?JBC?IA?JãBG?Z.T?JMPK?GQ@?GVMBCQQ?T?PG?ŽMBCTC
    QCP ? KCR? BC GL​BG​T”​BSMQ ?LRCQ QCBCLRŠPGMQ  ?M N?QQM OSC M T?JMP K?GQ ?JRM BCTC QCP M M@HCRGTM B?Q NCQQM?Q K?GQ
    AMLBGAGML?B?QCBMQQCBCLRŠPGMQKCBGB?OSCQCSL”TCJBCAMLBGAGML?KCLRM?SKCLR?P/?P?K?LRCP?PCBSŽMBCK?QQ?
    AMPNMP?J PCAMKCLB? QCME?QRMA?J™PGAMBSP?LRC??RGTGB?BCD”QGA?BCK?GQBCIA?JQCK?L?Z4K?A?P?ARCP”QRGA?
    B?QNCQQM?QOSCM@R‘KQSACQQML?K?LSRCLŽMB?PCBSŽMBMNCQM?NPŠRGA?TGEMPMQ?BCCVCPA”AGMQ(QQMKMQRP?OSC?
    LCACQQGB?BCBMCVCPA”AGMLŽMNMBCQCPQS@CQRGK?B?L?NPMKMŽMB?PCBSŽMBC,& K?LSRCLŽMBC,,CAMLQCPT?ŽM
    B?PCBSŽMB?,"3SK?TCX?JA?L?B?
    /?P?KSGR?QNCQQM?Q MQFŠ@GRMQ?JGKCLR?PCQQŽM NCJMKCLMQCKN?PRC PCQNMLQŠTCGQNCJMQE?LFMQBC,&-MPK?JKCLRC
    ? BGCR? BC PCBSŽM BC NCQM BCTC DMPLCACP  ?  IA?JãBG?Z  GLECQRŽM A?J™PGA? BCLRPM BCQQ? T?PG?ŽM ?HSB? ?
    E?P?LRGP M AMLQSKM QS¤AGCLRC BC KGAPM C K?APMLSRPGCLRCQ /MP KCGM B? NPŠRGA? BC CVCPA”AGMQ C B? BGCR? ?JGKCLR?P  
    NMQQ”TCJ?RGLEGPB¤AGRA?J™PGAMBC?IA?JãBG?Z MOSC ?MJMLEMBMRCKNM PCQSJR?CKCJGKGL?ŽMQS@QR?LAG?JB?
    ,"3 QM@PCRSBM,&4K?BžTGB?BCKSGR?QNCQQM?QOS?LRMBCTCKNCQ?PQC LMKMKCLRM ?NPCQCLR?KBCRCPKGL?BM
    BC EMPBSP? C BCQCHM BC PCBSXGP K?QQ? AMPNMP?J N?P? AFCE?P ? SK  BC EMPBSP? KCLMP . !MVC  PCQNMLBC ? CQQ?
    OSCQRŽM v NPCAGQM JCK@P?P OSC M AŠJASJM LŽM QSNC ? PCBSŽM BC ,,  M OSC  BGD”AGJ BC QCP AMLQCESGBM CK OS?JOSCP
    NPMEP?K?BCBGCR?CCVCPA”AGMN?P?PCBSŽMBMNCQM

    ,4& 
    =)6<7-=8-;):1)+75=5,-/7:,=:)5-67:
    .AŠJASJMN?P?PCQNMLBCP?CQQ?NCPESLR?PCJ?RGT?KCLRCQGKNJCQ$LRPCR?LRM QSNCOSC?,,LŽMKSB?PŠ$K
    OS?JOSCPNPMEP?K?BCBGCR?CCVCPA”AGMN?P?PCBSŽMBC,"3 ?JESK?PCBSŽMBC,,MAMPPC QQGK ?QSNMQGŽM
    BCOSC?,,LŽMKSB?PŠGLRPMBSX?CPPMLCQQCAŠJASJM
    -MT?K?QQ?AMPNMP?JIE ,,?RS?JBC,,BCQCH?BML?LMT?K?QQ?AMPNMP?J
    ,"3?RS?JIE
    ,,?RS?J IE
    BCEMPBSP??RS?J
    BCEMPBSP?BCQCH?BM
    BC,,BCQCH?BML?LMT?K?QQ?AMPNMP?JZBCEMPBSP?BCQCH?BMZ  
    -MT?K?QQ?AMPNMP?JIE  IE  IE
    1CBSŽMBCK?QQ?AMPNMP?JIE IEZ IE IE
    +MEM  IENPCAGQ?KQCPCJGKGL?BMQN?P??JA?L?PMBCEMPBSP?BCQCH?BMBC

    '6C46?EF2=568@C5FC2>x5:@
    #CTGBM?MCDCGRMOSCCVCPACQM@PCMBCQCKNCLFMD”QGAMC?QQMAG?ŽMAMKTŠPGMQPGQAMQN?P??Q?ž​BC MBCEMPBSP?BM
    GLRCPCQQCR?LRMBC?RJCR?QOS?LRMBCNCQQM?QNPCMASN?B?QAMK?Q?ž​BCCAMLBGAGML?KCLRMECP?J-MPK?JKCLRC MQ?RJCR?Q
    ?NPCQCLR?KBCEMPBSP?KCLMPOSC?KBG?3?@CJ? CKAMKN?P?ŽM?MQT?JMPCQKBGMQBCACPA?BCCN?P?
    FMKCLQCKSJFCPCQ?BSJRMQQ?SBŠTCGQ PCQNCARGT?KCLRC-MCLR?LRM MBCEMPBSP?NPCAGQ?QCPK?LRGBMCKNCPQNCARGT?
    5?JMPCQK”LGKMQBMBCEMPBSP? BCN?P?FMKCLQ?BSJRMQCBC?N?P?KSJFCPCQ?BSJR?Q NPMT?TCJKCLRCCQRŽM
    NP™VGKMQ BMQ JGKGRCQ GLDCPGMPCQ B? OS?LRGB?BC BC EMPBSP? AMPNMP?J LCACQQŠPG? N?P? K?LRCP ? DSLŽM KCR?@™JGA? C
    ¤QGMJ™EGA?LMPK?J.SRPMQD?RMPCQOSCNPCAGQ?KQCPAMLQGBCP?BMQOS?LBMQCRP?R?BCBCEMPBSP?GLAJSCK AMLDMPKCHŠ
    BGQASRGBM?LRCQ MD?RMBCOSCRALGA?QBGQRGLR?QBCBCRCPKGL?ŽMB?AMKNMQGŽMAMPNMP?JNPMBSXCK QGK T?JMPCQBMBC
    EMPBSP?BGDCPCLRCQ CMD?RMBCOSC BCTGBMQBGDCPCL?QGL​BG​TG​BS?GQ LCKRMBMQMQ?RJCR?QAMLQCESCKMBCQCKNCLFMD”QGAM
    GBC?JAMKMBCEMPBSP?BC?RJCR?QBCCJGRC AMKNMQGŽMAMPNMP?JR?K@KNMBCT?PG?PBCK?LCGP?QS@QR?LAG?JCLRPCMQ
    ?RJCR?QL?QBGDCPCLRCQNMQGCQBCLRPMBMKCQKMCQNMPRC/MPCVCKNJM MQFMKCLQB?JGLF?MDCLQGT?CMQ9<5505.)(*2:B?
    #GTGQGML( KCPGA?L%MMR@?JJ?NPCQCLR?KBCEMPBSP?BC C PCQNCARGT?KCLRC QQGK MBCEMPBSP?BCTCQCP
    CLA?P?BMAMKMSK?CQRGK?RGT?C?NCL?QAMKMSKD?RMPBCLRPCMSRPMQOSC?DCR?K?Q?ž​BCCMBCQCKNCLFMD”QGAM

    '-.18- #1>/1:@A-8013;>0A>-9f05;01-@81@-?

    346>A3DA0
    B?>AC4 ><4=B #D;74A4B
    !?QOSCRC  
    '?JRCPM¤JGQKM  
    "GAJGQKMCQRP?B?  
    %SRC@MJ?KCPGA?LM  Z
    &GLŠQRGA?  
    )SBš  
    1CKM  
    $QOSG
    JNGLM  
    -™PBGAM  
    -?R?ŽM  
    RJCRGQKM
    "MPPGB?BCBGQR‹LAG?  
    7905;  
    PPCKCQQMBCNCQM  
    5šJCG  

    #?BMQQCJCAGML?BMQBC"?JJGQRCP1 "?JJGQRCP1) %JCAI2),;(3/FWQGMJMEGA?J?LBNCPDMPK?LACPCQNMLQCQRMMTCPRP?GLGLEGL


    CJGRCHSBM?RFJCRCQ,CB2AG2NMPRQ$VCPA #C&?PW &CLCRGA?LB LRFPMNMJMEGA?J2RSBGCQMD.JWKNGA
    RFJCRCQ-CU8MPI A?BCKGA/PCQQ %JCAI2)!MBWAMKNMQGRGMLMDCJGRC?KCPGA?L?RFJCRCQ KCPGA?L)2NMPRQ,CB
     %JCAI2) *P?CKCP6)#CQGELGLE1CQGQR?LAC3P?GLGLE/PMEP?KQ PBCB"F?KN?GEL (+'SK?L
    *GLCRGAQ

    (43Dsr>3AoBC82034?4B>

    PCBSŽMBPŠQRGA?BCNCQMOSCMAMPPCAMK?BGCR?YP?BGA?J^MSCK?RJCR?QOSCCQRŽMRCLR?LBMQCCLA?GV?PCKBCRCPKGL?B?
    A?RCEMPG? BC NCQM CVCPAC CDCGRMQ ¤QGMJ™EGAMQ LCE?RGTMQ .Q ?RJCR?Q BC CQNMPRCQ AMK AJ?QQC BC NCQM  AMKM JSR?BMPCQ C
    @MVC?BMPCQ KSGR?QTCXCQPCBSXCKNCQMAMKP?NGBCXN?P?AMKNCRGPL?AJ?QQCK?GQ@?GV?NMQQ”TCJ?¤KBCM@RCPT?LR?ECLQ
    QM@PCMMSRPMAMKNCRGBMP PCBSŽMPŠNGB?B?K?QQ?AMPNMP?JRCKAMLQC​OS‘LAG?QQM@PCMBCQCKNCLFMC?Q?ž​BCR?LRMCK
    FMKCLQOS?LRMCKKSJFCPCQ

    ! 

    DEC2Ex8:2DBF66?G@=G6>2A6?2D5:6E2A2C2C65Fwv@56#A@56>42FD2CF>2BF2?E:5256DF3DE2?4:2=56C65Fwv@56##@BF6
    5:>:?F:2*#
    'F2?5@ D6 72J 5:6E2 A2C2 C65Fwv@ 56 # 2D ACsE:42D D2F5sG6:D 56 5:6E2 56G6> D6C D68F:52D 6 2 :?86DEv@ 42=C:42 56G6
    ?@C>2=>6?E6D6C>2?E:526?EC6 

    6 

    <42=†5:2N A2C282C2?E:C2:?86DEv@256BF25256>24C@6>:4C@?FEC:6?E6D
    % 6I6C4{4:@ A@56 2;F52C ?2 C65Fwv@ 52 >2DD2 4@CA@C2= 56G:5@ 2@ 2F>6?E@ 5@ 82DE@ 42=C:4@ @42D:@?25@ A6=@ 6I6C4{4:@ 6 A6=2
    246=6C2wv@52*#
    %EC6:?2>6?E@26C3:@@F4@>A6D@2;F52?2C65Fwv@56#BF2?5@D66DEs6>5:6E2
    >2:@CC65Fwv@56#62>6?@C56##A@56>@4@CC6CBF2?5@6I6C4{4:@D26C3:@D656C6D:DEy?4:2Dv@AC2E:425@D
    %6I6C4{4:@C65FJ@2A6E:E6:>65:2E2>6?E62AD22E:G:5256A@Cx>6>86C2=2F>6?E2@2A6E:E6A2C24@>A6?D2C@82DE@42=C:4@
    >2:D2=E@564@CC6?E65@6I6C4{4:@
    &2C26=:>:?2C#4@>DF46DD@6>:?:>:J2C2C65Fwv@56##24@>3:?2wv@565:6E266I6C4{4:@56G6D6CFD252A2C22=42?w2C@
    5xL4:E42=C:4@56

    2 

    <42=†5:2N 

    6D:5C2E2wv@
     PCBSŽM PŠNGB? BC NCQM BCAMPPCLRC BC HCHSK MS PCQRPGCQ A?J™PGA?Q BPŠQRGA?Q NPMKMTC ? BGKGLSGŽM PŠNGB? B? K?QQ?
    AMPNMP?J NMPKCQQ?PCBSŽM?KNJ?KCLRCBCAMPPCLRCB?BCQGBP?R?ŽM"MLDMPKCBGQASRGBM?LRCQ MEJGAME‘LGMLMAMPNM
     ?PK?XCL?BM AMK OS?LRGB?BCQ AMLQGBCPŠTCGQ BC ŠES?   E '.ãE A?P@MGBP?RMZ  0S?LBM M EJGAME‘LGM  SQ?BM LM
    KCR?@MJGQKM ŠES?JG@CP?B?CCTCLRS?JKCLRCCVAPCR?B?BMAMPNM(QQMMA?QGML?PCBSŽMQGELG¤A?RGT?BCK?QQ?AMPNMP?J
    NMPK CK P?XŽM  NPGLAGN?JKCLRC  B? NCPB? F”BPGA? AMPNMP?J 0S?LBM MQ CQRMOSCQ BC EJGAME‘LGM CQRŽM PCBSXGBMQ  LŽM FŠ
    BGQNMLG@GJGB?BCN?P?MKCR?@MJGQKM?CP™@GMC?L?CP™@GMN?P??AMKNCRGŽMNMPTGP MOSCKSGRMGKNMPR?LRCN?P??RJCR?Q
    .Q?RJCR?QOSCSRGJGX?KRALGA?QAMKMPCQRPGŽMF”BPGA? Q?SL?QCNPŠRGA?BCCVCPA”AGMQCKPMSN?QBC@MPP?AF?N?P??RGLEGP
    M NCQM BC BCRCPKGL?B? A?RCEMPG? BCKMLQRP?K BCAJ”LGM BM BCQCKNCLFM  BCQGBP?R?ŽM BC  ?  B? ,"3 BGKGLSG
    AMLQGBCP?TCJKCLRC?QA?N?AGB?BCQ?CP™@G?QTCP"?N”RSJM $K@MP?MQBCAPCKCLRMQL?QA?N?AGB?BCQ?L?CP™@G?QCBCDMP?
    MAMPP?KAMKCQQCKCQKML”TCJBCBCQGBP?R?ŽM CJCQLŽMQŽMKMQRP?BMQBCK?LCGP?AMLQGQRCLRCAMK?BCQGBP?R?ŽMPŠNGB?
    TCP"?N”RSJM #CQQCKMBM ?K?ELGRSBCBMBCAJ”LGMLMBCQCKNCLFMBCAMPPCLRCB?PŠNGB?BCQGBP?R?ŽMBCNCLBC CK
    N?PRC BMCQNMPRCBM?RJCR?

    +C{2​5652>F=96C2E=6E2
    DBo1​4541=E<85B1D<5D1PCDCPC QCQ”LBPMKCOSCAMLQGQRCCKRP‘QAMLBGCQGLRCP PCJ?AGML?B?QOSC?DCR?K?Q?RJCR?QBM
    QCVMDCKGLGLMC?QKSJFCPCQ?RGT?QGPPCESJ?PGB?BCQLMAGAJMKCLQRPS?J MQRCM​NMPMQCCBGQRžP@GMQ?JGKCLR?PCQTCP"?N”RSJM
      3MBMQ CQQCQ D?RMPCQ QC PCJ?AGML?K AMK ?QNCARMQ B? AMKNMQGŽM AMPNMP?J C B? BGCR? Q GPPCESJ?PGB?BCQ LM AGAJM
    KCLQRPS?JBC?RJCR?QR‘KAMPPCJ?ŽMAMKMBCEMPBSP?@?GVM NMPK?QPCQRPGCQA?J™PGA?QL?BGCR?NMBCKQCP?QPC?GQ
    ASJN?B?Q BCQQC NPM@JCK?  Q GPPCESJ?PGB?BCQ LM AGAJM KCLQRPS?J NMBCK PCQSJR?P CK BGKGLSGŽM BMQ L”TCGQ BC
    CQRPME‘LGM  . CQRPME‘LGM ?ACL​RS? ? NPMJGDCP?ŽM BC MQRCM​@J?QRMQ AJSJ?Q ​™QQC?Q  C GLG@C ? PC?@QMPŽM ™QQC? #CQQC
    KMBM  MQ L”TCGQ BC CQRPME‘LGM K?GQ @?GVMQ NPMKMTCK ? PCBSŽM B? BCLQGB?BC KGLCP?J ™QQC? JK BGQQM  MQ BGQRžP@GMQ
    ?JGKCLR?PCQR‘KDMPRCPCJ?ŽMAMK?QGPPCESJ?PGB?BCQLMAGAJMKCLQRPS?J/MPR?LRM MQRP‘QD?RMPCQCQRŽMGLRCP PCJ?AGML?BMQ
    $VGQRCK  RGNMQ NPGLAGN?GQ BC BGQRžP@GMQ ?JGKCLR?PCQ  1>?B5H91 >5BF?C1  SK BGQRžP@GM ?JGKCLR?P A?P?ARCPGX?BM NMP
    BGCR? BCRCPKGL?B?  KSGR?Q TCXCQ ?AMKN?LF?B? BC AMKNSJQŽM NCJ? NPŠRGA? BC CVCPA”AGMQ  PCQSJR?LBM CK K?LSRCLŽM B?
    K?QQ? AMPNMP?J @?GV?  2E<9=91 >5BF?C1  A?P?ARCPGX?B? NMP AMKNSJQŽM ?JGKCLR?P ?AMKN?LF?B? NMP ?JESK RGNM BC
    AMKNMPR?KCLRMAMKNCLQ?R™PGM ECP?JKCLRCTšKGRM$QQCQBMGQRGNMQBCBGQRžP@GMQ?JGKCLR?PCQQŽMAMLQGBCP?BMQBGQRžP@GMQ
    NQGOSGŠ​RPGAMQ C K?GQ NPCT?JCLRCQ CK KSJFCPCQ ACPA? BC   ?  B? NMNSJ?ŽM  NMPK FMKCLQ R?K@K NMBCK QCP
    ?DCR?BMQ  JESLQEPSNMQBC?RJCR?QQŽMK?GQQSQACR”TCGQOSCMSRPMQ?MQBGQRžP@GMQ?JGKCLR?PCQ  MQOS?GQGLAJSCK

    OSCJCQOSCN?PRGAGN?KBCCQNMPRCQOSCR‘KA?RCEMPG?QBCNCQM?PRCQK?PAG?GQ JSR?QCPCKM
    RJCR?QBCCQNMPRCQBCNMLRS?ŽMQS@HCRGT?B?L? N?RGL?ŽM EGLŠQRGA?CKCPESJFM
    .Q NP?RGA?LRCQ BC CQNMPRCQ BC ,5+<9(5*, LMQ OS?GQ M @?GVM NCQM AMPNMP?J QCH? SK? T?LR?ECK AMPPGB? BC BGQR‹LAG?
    AGAJGQKMCCQOSG*96::*6<5;9@
    RJCR?QBCCQNMPRCQASH?TCQRGKCLR?K?POSCMAMLRMPLMBMAMPNMTšJCG L?R?ŽM KCPESJFM AMPPGB?

    ! 

    C65Fwv@5CsDE:4256A6D@A@56C6DF=E2C6>56D:5C2E2wv@C65Fwv@56##65:>:?F:wv@5@56D6>A6?9@26C3:@62?26C3:@
    :DEƒC3:@D2=:>6?E2C6DDv@>2:DAC6G2=6?E6D6>>F=96C6D5@BF66>9@>6?D66>2E=6E2DBF6A2CE:4:A2>566DA@CE6DBF66?G@=G2>
    4=2DD6D56A6D@@FA@?EF2wv@DF3;6E:G2
    %D72E@C6D52EC{2​56 52 >F=96C 2E=6E2 5:DEƒC3:@D 2=:>6?E2C6D :CC68F=2C:5256D ?@ 4:4=@ >6?DECF2=6C65Fwv@5256?D:5256 >:?6C2=
    DD626DEv@:?E6CC6=24:@?25@D6A@56>@42D:@?2C564={?:@5@56D6>A6?9@7{D:4@

    .NCPDCAAGMLGQKMNMBCBCQCKNCLF?PSKN?NCJLMQBGQRžP@GMQ?JGKCLR?PCQL?NMNSJ?ŽMCKECP?JCLMQ?RJCR?Q K?QQCP
    ?RJCR? N?P??JESK?QNCQQM?Q R?K@KNMBCQCPSKD?RMPBCNPMRCŽMAMLRP?MBCQCLTMJTGKCLRMBCBGQRžP@GMQ?JGKCLR?PCQ
    #CNCLBCLBMB?DSLŽMLMCQNMPRC ?JESKNMLRMCLRPCCB?Q?RJCR?QDCKGLGL?QNMBCQCP?DCR?BMNMPSKBGQRžP@GM
    ?JGKCLR?P 3PCGL?BMPCQ C ?RJCR?Q NPCAGQ?K CQR?P ?RCLRMQ ?MQ BGQRžP@GMQ ?JGKCLR?PCQ C  RP”?​BC B? KSJFCP ?RJCR?  NMGQ
    PCQSJR?KCKPCBSŽMBMBCQCKNCLFMC?SKCLRMB?AF?LACBCJCQŽM/?P?KGLGKGX?P?AF?LACBCJCQŽMCCTGR?PBCAJ”LGMQ
    LMBCQCKNCLFM OS?JOSCP?RJCR?OSCPCTCJCQGL?GQBCBGQRžP@GM?JGKCLR?PMSRP”?​BCB?KSJFCP?RJCR?BCTCQCPCLA?KGLF?BM
    ?MQASGB?BMQNPM¤QQGML?GQN?P?OSCNMQQ?PCAC@CPMRP?R?KCLRM?BCOS?BM

    012%,%&$"0,

    6<
    4K?CQOSG?BMP?BC*96::*6<5;9@SLGTCPQGRŠPGMPC?​JG​X??#$7 ​?LS?JN?P?M@RCLŽMB??LŠJGQCB?AMKNMQGŽMAMPNMP?J
    4K?LM?LRCQ 2RCNF?LGCPCTCJMSNCPACLRS?JBCEMPBSP?AMPNMP?JBC NCQ?LBM IE5MA‘RCPKGL?MNCP¤JBC
    2RCNF?LGC LM J?@MP?R™PGM C ¤A? QSPNPCQM ?N™Q ?L?JGQ?P MQ PCQSJR?BMQ B? #$7  NMGQ  ?EMP?  AMK   IE BC K?QQ?
    AMPNMP?J CJ??NPCQCLR? BCEMPBSP?CBCLQGB?BCKGLCP?J™QQC?KCLMPOSC??T?JG?ŽMBMžJRGKM?LM ?RJCR?JFC
    GLDMPKMS OSC QCS RPCGL?BMP BGQQC OSC CJ? CQR?T? KSGRM EMPB? C OSC SK NMSAM BC PCBSŽM BC NCQM GPG? ?HSB?P LM
    BCQCKNCLFM5MA‘NCPESLR??RJCR?MOSC?LB?AMKCLBMCCJ?PCQNMLBCOSCAMKC@CK K?QOSCAMPRMS?QA?JMPG?Q

    A
     -;L;KO??MM?MMCH;CM>?;F?LN;;JIHN;G
     .O;FŒIM?OJL•RCGIJ;MMI
    9A
    3I=I<M?LP;;AL;H>?L?>O‹ŠI>?J?MI
    ?M=ON;KO?;;NF?N;?MN†=ILN;H>I=;FILC;M?J?L=?<?KO??F;;JL?M?HN;
    >?HMC>;>? GCH?L;F •MM?; >L;MNC=;G?HN? G?HIL ?MN? ;HI  3I= HIN; N;G<ŒG KO? OG; VAOL; >? ;ONILC>;>?
    ;VLGIO;H?=?MMC>;>?>;L?>O‹ŠI>IJ?MI J•MJ?HM;LMI<L?I;MMOHNI
    PI=J?L=?<?KO?CMMIP;C;FŒG>;
    MO; ;F‹;>; ? KO? JI>? M?L OG MŒLCI >CMNšL<CI ;FCG?HN;L IO GŒ>C=I  3I= ; ?H=;GCHB; ; OG; ?KOCJ? GŒ>C=;
    DOHN;G?HN? =IG MO;M I<M?LP;‹™?M
     JICM ?HN?H>? KO? ;HIL?RC; ? <OFCGC; H?LPIM; MŠI =IH>C‹™?M AL;P?M KO?
    L?KO?L?GCHN?LP?H‹ŠI>?OG;?KOCJ?GŒ>C=;?>??MJ?=C;FCMN;MJMCKOC;NL;M

    6<
    4K?RJCR?BMQCVMK?QASJG​LM​KSQASJMQMJFC?@MPB?CBGXOSCQCS(,"BCGLBGA?OSCCJCCQRŠAMKQM@PCNCQM.OSC
    TMA‘D?X

    9A
    -LCG?CL;G?HN? PI= ?RJFC=; KO? I &*  ;J?H;M F?P; ?G =IHMC>?L;‹ŠI I J?MI ? ; ;FNOL; >I CH​>C​P​>OI  "F? HŠI
    =IHMC>?L; ;M >C@?L?H‹;M >? =IGJIMC‹ŠI =ILJIL;F
     =IGI ** ? *$  3I= P;C ?G @L?HN? ? ?RJFC=; KO? I &*
    CH>C=; MI<L?J?MI ?
     ;NΠG?MGI
     I<?MC>;>? ?G GOCNIM ;NF?N;M >?PC>I ‰ AL;H>? KO;HNC>;>? >? **
     I KO?
    ;OG?HN;;* 1L?F;NCP;‰;FNOL;
    L?MOFN;H>I?G&* ;FNI -;L;M;H;L;M>šPC>;M>I;NF?N;
    PI=@;TOG;;H†FCM?
    >;=IGJIMC‹ŠI=ILJIL;FJILG?CI>;J?M;A?GBC>LIMN†NC=; ,ML?MOFN;>IML?P?F;GKO?I;NF?N;;JL?M?HN;
    >?AIL>OL;
    IKO??MN†;<;CRI>;GŒ>C;>IMP;FIL?MJ;L;;>OFNIM>IM?RIG;M=OFC​HI>? 3I=L?=IG?H>;
    KO?I;NF?N;HŠIM?JL?I=OJ?=IGI&*
    JICM;=IGJIMC‹ŠI=ILJIL;FCH>C=;KO??F?HŠI?MN†=IGMI<L?J?MI?

    >?@;NI
    KO??MN†<;MN;HN?G;ALI

    #% @$%

    AMKNMQGŽMAMPNMP?JRCKPCJ?ŽMAMK?Q?ž​BCCMBCQCKNCLFMD”QGAM C?K?GMPG?BMQGL​BG​T”​BSMQBCQCH?BGKGLSGPMBC
    EMPBSP?C?SKCLR?P?,,$QQCQBMGQD?RMPCQQŽMPCQNMLQGTMQBGCR?C?MCVCPA”AGMC NMPR?LRM NMBCKQCPKSB?BMQ?M
    JMLEM BM RCKNM /MP MSRPM J?BM  ?Q KCBGB?Q ?LRPMNMKRPGA?Q  AMKM ?JRSP? C AMKNPGKCLRM BMQ KCK@PMQ QSNCPGMPCQ C
    GLDCPGMPCQ  ?GLB? OSC PCJ?AGML?B?Q AMK M BCQCKNCLFM CK TŠPGMQ CQNMPRCQ  LŽM NMBCK QCP KSB?B?Q  CVACRM NMP KCGM BM
    APCQAGKCLRMLMPK?J0S?LBMQCRCLR??JRCP?P?AMKNMQGŽMAMPNMP?J SK?AMK@GL?ŽMBCBGCR?CRPCGL?KCLRM?CP™@GMC
    AMKNCQMBCTCQCPSQ?BMN?P?JCLR?KCLRCNPMKMTCP?QKSB?L?QL?AMKNMQGŽMAMPNMP?JBCKMBMOSC?PCBSŽMBC,,
    QCH? KGLGKGX?B? C ? BC ,& K?VGKGX?B? #C KMBM ECP?J  SK? PŠNGB? C BPŠQRGA? PCBSŽM BC NCQM BCTC QCP CTGR?B?  NMGQ
    PCQSJR? CK BCQGBP?R?ŽM  PCBSŽM BC ,, C BCAJ”LGM BM BCQCKNCLFM D”QGAM #GTCPQ?Q RALGA?Q BC BCRCPKGL?ŽM B?
    AMKNMQGŽMAMPNMP?JDMP?KKMQRP?B?QQCLQ”TCGQCAML¤ŠqCGQ NMPKMQPCQSJR?BMQBCBGDCPCLRCQRALGA?QNMBCKT?PG?PC
    NMPR?LRM ?MP?QRPC?P?Q?JRCP?CQBCAMKNMQGŽMAMPNMP?J ?KCQK?RALGA?BCTCQCKNPCQCPSQ?B?-MNP™VGKMA?N”RSJM
    TMJR?PCKMQLMQQ??RCLŽMN?P?MBCQCLTMJTGKCLRMBCNPMEP?K?QBCRPCGL?KCLRMBC,5+<9(5*,CDMP?CQCSQCDCGRMQQM@PC?
    Q?ž​BCCMBCQCKNCLFM K?GQOSCQM@PC?AMKNMQGŽMAMPNMP?J

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    .QAMKNMLCLRCQB?RP”?​BCB?KSJFCP?RJCR?QŽM========= =========C=========
    =========C=========SRGJGX?KMTMJSKCBMAMPNMN?P?CQRGK?PMBCEMPBSP?
    =================== NPMNMQRM NCJMQ CQNCAG?JGQR?Q AMKM M KRMBM K?GQ NPCAGQM BC KCLQSP?ŽM BM NCPACLRS?J BC
    EMPBSP?BMAMPNM
     .B¤AGRA?J™PGAMRMR?J
    dBC?JNMPBG?N?P??PCBSŽMBCNCQMT?PG?CLRPC=========C=========
     =========  MS M L”TCJ K”LGKM BC CLCPEG? LCACQQŠPGM N?P? M AMPNM NCPK?LCACP TGTM  NMBC BGKGLSGP QC ? GLECQRŽM
    A?J™PGA?CQRGTCP=========QGELG¤A?RGT?KCLRC
    n8@5<8-1?/;84-
    M@CQGB?BCNMBCQCPCKN?PRCBCAMPPCLRCBC
    ? &CLRGA?B?NCQQM?
    @ !?J?LMA?J™PGAMNMQGRGTM
    A SKCLRMBMR?K?LFMB?QNMPCQ
    B (L?RGTGB?BCD”QGA?
    C 3MB?Q?QMNCQ?LRCPGMPCQ
    5MA‘CQRŠD?XCLBMSK?NCQOSGQ?BCA?KNMQM@PCAMKNMQGŽMAMPNMP?JAMKJSR?BMPCQ?LRCQBMRMPLCGML?AGML?JN?P?
    TCPG¤A?PAMKMQŽMMQNCP¤QBCAMKNMQGŽMAMPNMP?J?N™Q?RCKNMP?B?BCJSR?Q2M@CQQ?QAMLBGCQ OSCKRMBMBC
    AMKNMQGŽMAMPNMP?JTMA‘SQ?PG?
    ? #$7
    @ /CQ?ECKCK@?GVMBŠES?
    A /JGAšKCRPMQBCBM@P?QASR‹​LC?Q
    B 0S?JOSCPBGQNMQGRGTMBCGKNCB‹LAG?@GMCJRPGA?
    C /JCRGQKMEP?¤?NMPBCQJMA?KCLRMBC?P
    .BCEMPBSP?KBGMBCFMKCLQCKSJFCPCQ?BSJRMQ?NPMVGK?B?KCLRCBC
    ? C PCQNCARGT?KCLRC
    @ C? PCQNCARGT?KCLRC
    A N?P?MQQCVMQ
    B C PCQNCARGT?KCLRC
    C -CLFSK?B?QMNCQ?LRCPGMPCQ
     4KHME?BMPBCDSRC@MJSLGTCPQGRŠPGMBGQQCOSCQS?KŽCJFCD?JMSOSCCJCCQRŠEMPBM AMK@?QCLM(,"BCRCPKGL?BM
    NMPSKBMASKCLRMBCQCESPMJMA?J.OSCTMA‘D?X
    ? "MLTCPQ?AMKCJCQM@PC?DP?EGJGB?BCBM(,"CQM@PCAMKNMQGŽMAMPNMP?J
    @ T?JG??AMKNMQGŽMAMPNMP?JBM?RJCR?AMKSK?RALGA?TŠJGB??LRCQBCRMK?POS?JOSCPBCAGQŽM
    A #GX?CJCN?P?D?XCPBGCR?CBCGV?P?KŽCDCJGX
    B HSB??BCQCLTMJTCPSKLMTMCKCJFMPNPMEP?K?BCRPCGL?KCLRMN?P?M?RJCR?
    C ?C@
     0S?JB?QQCESGLRCQCOS?CQNMBCQCPSQ?B?N?P?A?JASJ?P?,,
    ? ,"3n,,
    @ ,,nBCEMPBSP?
    A ,,nBCEMPBSP?
    B ,"3nBCEMPBSP?
    C ,"3n,&
    )1>0-015>;;A2-8?;
    .RPCGL?KCLRMBCDMP?AMLRP?NPMBSRGTML?PCBSŽMBMNCPACLRS?JBCEMPBSP?AMPNMP?J
    #GQRžP@GMQ?JGKCLR?PCQMAMPPCKNPGLAGN?JKCLRCCKNCQQM?QGLBGQAGNJGL?B?Q
    3P‘QNMPACLRMBCBCQGBP?R?ŽMNMBCKPCQSJR?PCKBCAJ”LGMQLMBCQCKNCLFMD”QGAM
     .?NCRGRCNMBCQCPPCBSXGBMNMPD?RMPCQAMKMA?JMPCCVCPA”AGM
     QT?PG?CQA?J™PGA?QK”LGK?QQSECPGB?QDMP?KCQR?@CJCAGB?Q CKN?PRC N?P?E?P?LRGPOSCMQKGAPMCK?APMLSRPGCLRCQ
    QCH?KAMLQSKGBMQRMBMQMQBG?Q
     NCL?Q?BGCR?N?P?AMLQCESGPCJGKGL?PEMPBSP?NMBCPCQSJR?PCKPCBSCQBCK?QQ?K?EP?
    $A1?@m1?;.61@5B-?
    #CQAPCT?@PCTCKCLRCMQNPM@JCK?QB?QCQRP?REG?QRP?BGAGML?GQBCPCBSŽMBCNCQMB?QBGCR?QP?BGA?GQ.OSCNMBCQCP
    DCGRMN?P?AMKNCLQ?PCQQCQNPM@JCK?Q
    0SC RGNM BC NPMRMAMJM BC CVCPA”AGMQ TMA‘ BCTC NPCQAPCTCP N?P? ?JESK OSC BCQCH? CJGKGL?P EMPBSP? ?M PCBMP B?
    AGLRSP?
    RJCR?QBCOSCCQNMPRCQQŽMK?GQQSQACR”TCGQ?MQBGQRžP@GMQ?JGKCLR?PCQ
     0S?GQQŽMMQAMKNMLCLRCQB?AMKNMQGŽMAMPNMP?JCBMOSCQŽMAMKNMQRMQ
     /MPOSC?NPCT?J‘LAG?BCM@CQGB?BCLMQ$4 NPCMASN?LRC
    #1:?-91:@;/>h@5/;
    0S?GQQŽM?QNPCKGQQ?QB?QKCBGB?QB?QBM@P?QASR‹​LC?QL?BCRCPKGL?ŽMB?AMKNMQGŽMAMPNMP?J
    0SC NPCA?SCQ BCTCK QCP RMK?B?Q OS?LBM QC NCPBC K?QQ? AMPNMP?J N?P? E?P?LRGP OSC EP?LBC N?PRC B? PCBSŽM BC
    NCQMQCH?NPMTCLGCLRCBC,&

    "#&
    2C?B39?=5DB91 45 B19?C . 45 4E@<1 5>5B791 . SQM BC DCGVCQ BC P?GMQ 7 BC @?GV? CLCPEG? C :6-;>(9, BC
    AMKNSR?BMPN?P?NPMBSXGPGK?ECLQBMAMPNMOSCNMBCKQCPSQ?B?QN?P?A?JASJ?P?AMKNMQGŽMAMPNMP?J
    >?B5H91>5BF?C1BGQRžP@GM?JGKCLR?PA?P?ARCPGX?BMNCJ?PCASQ?CKK?LRCP?K?QQ?AMPNMP?JK”LGK?LMPK?J OSC KSGR?Q
    TCXCQ ?AMKN?LF?BMB?NPŠRGA?AMKNSJQGT?BCCVCPA”AGMQ PCQSJR?LBMCKK?LSRCLŽMB?K?QQ?AMPNMP?J@?GV?
    >DB?@?=5DB91 KCBGB? C CQRSBM BM R?K?LFM BM AMPNM  AMKM CQR?RSP?  K?QQ? AMPNMP?J C AMKNPGKCLRM BM KCK@PM
    GLDCPGMP
    1<1>k?5>5B7lD93?P?XŽMCLRPC?GLECQRŽMCME?QRMBCA?JMPG?Q
    E<9=91 >5BF?C1 BGQRžP@GM ?JGKCLR?P A?P?ARCPGX?BM NMP CNGQ™BGMQ BC AMKNSJQŽM ?JGKCLR?P QCESGBMQ BC SK
    AMKNMPR?KCLRMAMKNCLQ?R™PGM AMKMTšKGRM
    1<?B91CF1J91CA?JMPG?QBC?JGKCLRMQBC?JRMRCMPA?J™PGAMC@?GVMT?JMPLSRPGAGML?J
    ?=@?C9kj?3?B@?B1<B579?>1<AMKNMQGŽMRC​AG​BS?JBC​ŠPC?QCQNCA”¤A?QBMAMPNM AMKM@P?MQ NCPL?QCRPMLAM
    5>C941453?B@?B1<K?QQ?AMPNMP?JRMR?JBGTGBGB?NCJMTMJSKCBMAMPNM
    5>C9D?=5DB91BCRCPKGL?ŽMB?AMKNMQGŽMAMPNMP?J?N?PRGPB?BCLQGB?BCBMAMPNM
    ?2B1C3EDh​>51CKRMBMBCCQRGK?P?AMKNMQGŽMAMPNMP?JNMPKCGMB?KCLQSP?ŽMB?CQNCQQSP?B?NCJCCB?EMPBSP?
    QS@ASR‹​LC?CKNMLRMQ?L?RšKGAMQCQNCA”¤AMQNMPKCGMBCSKNJGAšKCRPMCQNCAG?J
    =@54h>39129?5<lDB931CQRGK?RGT?B?AMKNMQGŽMAMPNMP?JOSCCLTMJTC?AMJMA?ŽMBCCJCRPMBMQCKBMGQMSK?GQNMLRMQ
    LMAMPNMC?N?QQ?ECKBCAMPPCLRCCJRPGA?GLBCRCARŠTCJCLRPCCJCQ
    [>493545=1CC13?B@?B1<#K?QQ?AMPNMP?JBGTGBGB?NCJ??JRSP??MOS?BP?BM
    #1CC17?B41K?QQ?RMR?JBCEMPBSP?LMAMPNM
    #1CC1=17B1K?QQ?RMR?JBCRMBMQMQRCAGBMQBMAMPNM CVACRMM?BGNMQM
    %25C9414535>DB1<?25C941451>4B?945BCNMQGŽMBCEMPBSP?L?​ŠPC??@BMKGL?J
    %25C94145@5B96lB931?25C941454?D9@?79>?945BCNMQGŽMBCEMPBSP?L?QPC​EGCQEJžRC?CB?QAMV?Q
    &5B35>DE1<457?B4EB13?B@?B1<457?B4EB1P?XŽMCLRPC?K?QQ?AMPNMP?JRMR?JC?K?QQ?EMPB?RMR?J
    &5C175=894B?CDgD931SK?RALGA?BCBCRCPKGL?ŽMB?BCLQGB?BCAMPNMP?JNCJ?QS@KCPQŽMRMR?JBMAMPNMCKŠES?
    &<5D9C=?7B1{1 @?B 45C<?31=5>D? 45 1B RALGA? BC BCLQGRMKCRPG? OSC BCRCPKGL? ? AMKNMQGŽM AMPNMP?J NMP KCGM BM
    BCQJMA?KCLRMBC?PN?P?A?JASJ?PMTMJSKCBMAMPNM
    (54Ekj? <?31<9J141 D?JQM AMLACGRM BC OSC EMPBSP? AMPNMP?J NMBC QCP NPCBMKGL?LRCKCLRC CJGKGL?B? B? ​ŠPC? BM AMPNM
    OSCCQRŠCK?RGTGB?BC
    )13954145QCLQ?ŽMBCQ?RGQD?ŽMOSCMAMPPC?N™Q?PCDCGŽMOSCGLG@C?TMLR?BCBCAML​RG​LS?PAMKCLBM
    *Bo1​4541=E<85B1D<5D1Q”LBPMKCOSCAMLQGQRCCKRP‘QAMLBGCQGLRCP PCJ?AGML?B?QOSC?DCR??RJCR?QBMQCVMDCKGLGLMC
    KSJFCPCQ?RGT?Q GLAJSGLBMGPPCESJ?PGB?BCQKCLQRPS?GQ MQRCM​NMPMQCCBGQRžP@GMQ?JGKCLR?PCQ

    "?#

     AIJ?LB31 2AFPCGLCP ! *CPP#  @QMJSRCQGXC?LBNPMNMPRGML?JGRWAF?P?ARCPGQRGAQMD6MPJB"F?KNGMLQFGNDCK?JC


    @?QICR@?JJNJ?WCPQ)2NMPRQ2AGZ
     JJGQML #!  %MLR?GLC *1  ,?LQML )$  CR ?J LLS?J BC?RFQ ?RRPG@SR?@JC RM M@CQGRW GL RFC 4LGRCB 2R?RCQ ) K ,CB
    QQMAZ
     QRP?LB/.#GCR?LB?RFJCRGANCPDMPK?LAC%CB/PMAZ
     !G?EEG 11  5MJJK?L ,6  -GCQ ,  CR ?J "MKN?PGQML MD ?GP  BGQNJ?ACKCLR NJCRFWQKMEP?NFW UGRF FWBPMQR?RGA
    UCGEFGLE ?LB @GMCJCARPGA?J GKNCB?LAC ?L?JWQGQ DMP RFC ?QQCQQKCLR MD @MBW AMKNMQGRGML GL FC?JRFW ?BSJRQ K ) "JGL
    -SRPZ
     !MGJC?S1 +MFK?L3&3FCKC?QSPCKCLRMDFSK?LNFWQGOSC?LBGRQCDDCARMLNFWQGA?JNCPDMPK?LAC.PRFMN"JGL
    -MPRF KZ
     !MSAF?PB" 3PCK@J?W #CQNPCQ)/ CR?J3FCPCQNMLQCRMJMLE RCPKMTCPDCCBGLEGLGBCLRGA?JRUGLQ-$LEJ),CB
    Z
     !MSPEMGQ) "J?CQQCLQ + 5PHCLQ) CR?J LRFPMNMKCRPGAAF?P?ARCPGQRGAQMDCJGRCK?JCHSLGMPPMUCPQ!P)2NMPRQ,CB
    Z
     !P?W& $DDCARMDA?JMPGAPCQRPGARGMLMLCLCPEWCVNCLBGRSPCGLM@CQCN?RGCLRQ+?LACRZ
     !PCAFSC 6%  3?I?QFG  3FC PMJC MD %%, ?AASKSJ?RGML ?LB QICJCR?J KSQAJC ?PAFGRCARSPC ?LB NMUCPJGDRGLE
    NCPDMPK?LAC$SP) NNJ/FWQGMJZ
     !SPLCRR,%CK?JC?RFJCRCRPG?B"JGL2NMPRQ,CBZ
     "?JJC$$ 1MBPGESCX" 6?JICP 3FSPKMLB* CR?J.TCPUCGEFR M@CQGRW ?LBKMPR?JGRWDPMKA?LACPGL?NPMQNCARGTCJW
    QRSBGCBAMFMPRMD42?BSJRQ-$LEJ),CBZ
     "#".TCPUCGEFR?LB.@CQGRW RJ?LR? & "#"  T?GJ?@JC?RUUUABAEMTM@CQGRW
     "J?QQCLQ +  !MSPEMGQ )  5PGHCLQ ) 3FC PCJCT?LAC MD IGL?LRFPMNMKCRPW RM PMUGLE NCPDMPK?LAC RFC '?XCUGLICJ
    ?LRFPMNMKCRPGANPMHCAR AR?*GLCQGMJMEG?C4LGTCQGR?RGQ3?PRSCLQGQ2Z2
     #CKNQRCP/  GRICLQ2 LCU?GPBGQNJ?ACKCLRKCRFMBDMPRFCBCRCPKGL?RGMLMDFSK?L@MBWAMKNMQGRGML,CB2AG
    2NMPRQ$VCPAZ
     #GVML"! #CGRPGAI16 /GCPAC)1 CR?J$T?JS?RGMLMLRFC!.#/.#?LBJCE RM JCE@GMCJCARPGA?JGKNCB?LAC?L?JWQGQ
    DMPCQRGK?RGLENCPACLR@MBWD?RGL-?RGML?J"MJJCEG?RC RFJCRGA QQMAG?RGML#GTGQGML(((AMJJCEG?RCUPCQRJCPQ)2RPCLERF
    "MLB1CQZ
     %?GP@SPL"& '?PPGQML/)$?RGLEBGQMPBCPQ+?LACRZ
     %GESCPM? "MJ?L1 ,?WM,2 3PCSRF,2 CR?J1CNPMBSAG@GJGRWMDBS?J CLCPEW7 P?W?@QMPNRGMKCRPWGLNPCNS@CPR?J
    EGPJQ.@CQ1CQZ
     %JCAI2) *P?CKCP6)#CQGELGLE1CQGQR?LAC3P?GLGLE/PMEP?KQ PBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
     %JCAI 2)  ,?RRGC "  ,?PRCLQCL '" ((( $DDCAR MD PCQGQR?LAC ?LB ?CPM@GA RP?GLGLE ML PCEGML?J @MBW AMKNMQGRGML GL
    NPCTGMSQJWPCAPC?RGML?JJWRP?GLCBKGBBJC ?ECBUMKCL NNJ/FWQGMJ-SRP,CR?@Z
     %JCE?J*, "?PPMJJ,# .EBCL"+ CR?J/PCT?JCLAC?LBRPCLBQGLM@CQGRW?KMLE42?BSJRQ Z) K,CB
    QQMAZ
     %JGLR  &PCECPQCL -3  &JSSB ++  CR ?J QQMAG?RGMLQ @CRUCCL NMQRNP?LBG?J GLQSJGL ?LB @JMMB EJSAMQC PCQNMLQCQ
    ?NNCRGRC QCLQ?RGMLQ ?LB CLCPEW GLR?IC GL LMPK?J UCGEFR ?LB MTCPUCGEFR GLBGTGBS?JQ ? KCR? ?L?JWQGQ MD RCQR KC?J
    QRSBGCQ!P)-SRPZ
     %MLR?GL*1 1CBBCL#3 6?LE" CR?J8C?PQMDJGDCJMQRBSCRMM@CQGRW) K,CB QQMAZ
     %MQ@CPE +) 3FC PCJ?RGMLQFGN @CRUCCL NCPDCARGMLGQK  C?RGLE BGQMPBCPQ ?LB ?RFJCRCQ ? PCTGCU ,GLCPT? /CBG?RP
    Z
     %SJRML)$ ,A&SGPC,3 "?QMCPQCL") CR?J(LRCPTCLRGMLQDMPUCGEFRJMQQ?LBUCGEFRE?GLNPCTCLRGML?KMLEWMSRF
    ASPPCLRGQQSCQ2NMPRQ,CBZ
     'CWU?PB5' 6?ELCP#1 NNJGCB!MBW"MKNMQGRGML QQCQQKCLR LBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
     'MSQF 3)  )MFLQML &.  'MSQF #)  CR ?J $QRGK?RGML MD @MBW BCLQGRW GL WMSLE UPCQRJCPQ ) 2RPCLERF "MLB 1CQ
    Z
     'MSRIMMNCP +!  &MGLE 2!  2NPMSJ )  CR ?J "MKN?PGQML MD KCRFMBQ DMP ?QQCQQGLE @MBW AMKNMQGRGML AF?LECQ MTCP 
    WC?PGLNMQRKCLMN?SQ?JUMKCL K)"JGL-SRPZ
     'S%3CJCTGQGMLU?RAFGLE?LBMRFCPQCBCLR?PW@CF?TGMPQGLPCJ?RGMLRMPGQIMDM@CQGRW?LBRWNCBG?@CRCQKCJJGRSQGL
    UMKCL) K,CB QQMAZ
     )?AIQML /MJJMAI,+&CLCP?JGXCBCOS?RGMLQDMPNPCBGARGLE@MBWBCLQGRWMDKCL!P)-SRPZ
     )?AIQML 2  /MJJMAI ,+  6?PB  &CLCP?JGXCB COS?RGMLQ DMP NPCBGARGLE @MBW BCLQGRW MD UMKCL ,CB 2AG 2NMPRQ
    $VCPAZ
     )?KSPR?Q 9 *MSRCB?IGQ8 /?QAF?JGQ5 CR?J3FCCDDCARQMD?QGLEJC@MSRMDCVCPAGQCMLPCQRGLECLCPEWCVNCLBGRSPC
    ?LBPCQNGP?RMPWCVAF?LECP?RGM$SP) NNJ/FWQGMJZ
     )?W?QGLEFC8 &PMTCP21 9?AF?PGL,"SPPCLRAMLACNRQGL@MLC?LBPCNPMBSARGTCFC?JRFGL?BMJCQACLRQUGRF?LMPCVG?
    LCPTMQ?!P).@QRCR&WL?CAMJZ
     *?LLCJ6! "SNNJCQ+ 1?K?QU?KG1 CR?J1CEGML?JM@CQGRW?LBPGQIMDA?PBGMT?QASJ?PBGQC?QCRFC%P?KGLEF?K
    QRSBW)"JGL$NGBCKGMJZ
     *MQRCI ,  /CQA?RCJJM +2  2CGN 1+  CR ?J 2S@ASR?LCMSQ D?R ?JRCP?RGMLQ PCQSJRGLE DPMK ?L SNNCP @MBW PCQGQR?LAC
    RP?GLGLENPMEP?K,CB2AG2NMPRQ$VCPAZ
     *P?CKCP6) 3MPGLC)" 2GJTCQRPC1 CR?J!MBWQGXC?LBAMKNMQGRGMLMD-?RGML?J%MMR@?JJ+C?ESCNJ?WCPQ)2RPCLERF
    "MLB1CQZ
     *P?CKCP6) 5MJCI)2 "J?PI*+ CR?J(L¥SCLACMDCVCPAGQCRP?GLGLEMLNFWQGMJMEGA?J?LBNCPDMPK?LACAF?LECQUGRF
    UCGEFRJMQQGLKCL,CB2AG2NMPRQ$VCPAZ
     *P?SQQ 1,  6GLQRML ,  %JCRAFCP !)  CR ?J .@CQGRW GKN?AR ML A?PBGMT?QASJ?P BGQC?QC "GPASJ?RGML Z
    
     +CG@CJ 1+  1MQCL@?SK ,  'GPQAF ) "F?LECQ GL CLCPEW CVNCLBGRSPC PCQSJRGLE DPMK ?JRCPCB @MBW UCGEFR - $LEJ )
    ,CBZ
     +CKKCP)3 (TCW%, 1W?L 2 CR?J$DDCARMDQRPCLERFRP?GLGLEMLPCQRGLEKCR?@MJGAP?RC?LBNFWQGA?J?ARGTGRW?EC
    ?LBECLBCPAMKN?PGQMLQ,CB2AG2NMPRQ$VCPAZ
     +MAILCP #6  'CWU?PB 5'  !?SKE?PRLCP 1-  CR ?J "MKN?PGQML MD ?GP BGQNJ?ACKCLR NJCRFWQKMEP?NFW
    FWBPMBCLQGRMKCRPW ?LBBS?J7 P?W?@QMPNRGMKCRPWDMP?QQCQQGLE@MBWAMKNMQGRGMLMDAFGJBPCLRMWC?PQMD?EC
    LL-8 A?B2AGZ
     ,?XXCRRG2 #MSEJ?Q, 8MASK CR?J$DDCARMDCVNJMQGTCTCPQSQQJMUAMLRP?ARGMLQ?LBCVCPAGQCGLRCLQGRWMLCLCPEW
    CVNCLBGRSPC,CB2AG2NMPRQ$VCPAZ
     ,A+CMB 6#  'SLRCP 2"  $RAFGQML ! /CPDMPK?LAC KC?QSPCKCLR ?LB @MBW D?R GL RFC FGEF QAFMMJ ?RFJCRC K )
    2NMPRQ,CBZ
     ,CJ?LQML $+  2F?PN 3  2C?EJC ',  CR ?J 1CQGQR?LAC ?LB ?CPM@GA CVCPAGQC F?TC QGKGJ?P CDDCARQ ML  F LSRPGCLR
    MVGB?RGML,CB2AG2NMPRQ$VCPAZ
     ,GBMPGI?U?3 ,?Q?I?RQS* !CCIJCW,# CR?J'GEF1$$GLQSKMUPCQRJCPQ?RRPG@SRCBRMJ?PECMPE?L RGQQSCK?QQ
    ,CB2AG2NMPRQ$VCPAZ
     -GCJQCL2 /MNIGL!,/?RRCPLQ?LBRPCLBQGLDMMBNMPRGMLQGXCQ Z) K,CB QQMAZ
     -('"JGLGA?J&SGBCJGLCQMLRFC(BCLRG¤A?RGML $T?JS?RGML ?LB3PC?RKCLRMD.TCPUCGEFR?LB.@CQGRWGL BSJRQ3FC
    $TGBCLAC1CNMPR!CRFCQB? ,#-?RGML?J(LQRGRSRCQMD'C?JRF 2Z2
     .1?FGJJW 2  %?PMMOG (2  8CM &2  CR ?J ,GLGPCTGCU FSK?L M@CQGRWcJCQQMLQ DPMK KMLMECLGA BGQMPBCPQ
    $LBMAPGLMJMEWZ
     .BC)) /GT?PLGI), 1CCTCQ,) CR?J!MBWK?QQGLBCV?Q?NPCBGARMPMDNCPACLRD?RGLAMJJCEC?RFJCRCQ?LBLML?RFJCRCQ
    ,CB2AG2NMPRQ$VCPAZ
     .EBCL"+", "SPRGL+1 ,A#MUCJJ, CR?J/PCT?JCLACMDMTCPUCGEFR?LBM@CQGRWGLRFC4LGRCB2R?RCQ Z
    ) K,CB QQMA Z
     /G 2SLWCP%73FCM@CQGRWCNGBCKGAN?RFMNFWQGMJMEW?LBAMLQCOSCLACQMDM@CQGRW.@CQ1CQ2Z2
     /MCFJK?L $3  3MRF /  BCQ /  CR ?J &CLBCP BGDDCPCLACQ GL PCQRGLE KCR?@MJGA P?RC ?LB LMP?BPCL?JGLC IGLCRGAQ GL
    MJBCPGLBGTGBS?JQ$SP)"JGL(LTCQRZ
     /SFJ1 !PMULCJJ*#!G?Q BGQAPGKGL?RGML ?LBM@CQGRW.@CQ1CQZ
     /SFJ1, !PMULCJJ*#/QWAFMQMAG?JMPGEGLQMDM@CQGRWQRGEK?RMU?PBAF?LEGLE?NMUCPDSJ?LBNCPT?QGTC@G?Q.@CQ
    1CTZ
     1?R?KCQQ -  %?JTM ,)  ,?LEGLC &3  CR ?J 3FC CDDCAR MD PCQR NCPGMB JCLERF ML KCR?@MJGA PCQNMLQCQ RM RFC @CLAF
    NPCQQCVCPAGQC$SP) NNJ/FWQGMJZ
     1MJJQ !  ,MPPGQ $+  1MC +2 /MPRGML QGXC MD DMMB ?DDCARQ CLCPEW GLR?IC GL LMPK?J UCGEFR ?LB MTCPUCGEFR KCL ?LB
    UMKCL K)"JGL-SRPZ
     1MJJQ!) !CJJ 3FMPU?PR,+6?RCPGLAMPNMP?RCBGLRM?DMMB@SRLMRQCPTCBUGRF?DMMBBCAPC?QCQCLCPEWGLR?ICGL
    JC?LUMKCL K)"JGL-SRPZ
     1MKC$2$?RGLEBGQMPBCPQ.@QRCR&WLCAMJ"JGLZ
     2CPBSJ?,* ,MIB?B ' 6GJJG?KQML#% CR?J/PCT?JCLACMD?RRCKNRGLEUCGEFRJMQR?LBQRP?RCEGCQDMPAMLRPMJJGLE
    UCGEFR) K,CB QQMAZ
     2GJTCQRPC 1  6CQR "  ,?PCQF ",  CR ?J !MBW AMKNMQGRGML ?LB NFWQGA?J NCPDMPK?LAC GL KCLQ QMAACP ? QRSBW MD ?
    -?RGML?J"MJJCEG?RC RFJCRGA QQMAG?RGML#GTGQGML(RC?K)2RPCLERF"MLB1CQZ
     2GPG6$3FCEPMQQAMKNMQGRGMLMDRFC@MBW BT!GMJ,CB/FWQGMJZ
     2JWNCP '+MUBCLQGRWJGNMNPMRCGL?LB?RFCPMQAJCPMQGQ4LP?TCJGLERFCAMLLCARGML) K,CB QQMAZ
    
     2R?JJILCAFR !  #CJ? %  'CJEC )6 PC @JMMB ¥MU ?LB JGNMJWQGQ GL QS@ASR?LCMSQ ?BGNMQC RGQQSC GL¥SCLACB @W
    AMLRP?ARGMLQGL?BH?ACLRKSQAJCQGLFSK?LQ K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     2RMTGLE1* '?LE??PB) '?LQCL -MPB, CR?J PCTGCUMDFMPKML?JAF?LECQGL?LMPCVG?LCPTMQ?)/QWAFG?RP1CQ
    Z
     2RSCKN¥C *)  *?RAF %(  /CRPGC #$ !MBW AMKNMQGRGML PCJ?RCQ NMMPJW RM NCPDMPK?LAC RCQRQ GL -"  #GTGQGML (((
    DMMR@?JJNJ?WCPQ)2RPCLERF"MLB1CQZ
     3SKGJRW#/FWQGMJMEGA?JAF?P?ARCPGQRGAQMDCJGRCQMAACPNJ?WCPQ2NMPRQ,CBZ
     4E?PIMTGA #  ,?R?TSJH #  *SIMJH ,  CR ?J 2R?LB?PB ?LRFPMNMKCRPGA  @MBW AMKNMQGRGML  ?LB QRPCLERF T?PG?@JCQ ?Q
    NPCBGARMPQMDHSKNGLENCPDMPK?LACGLCJGRCHSLGMP?RFJCRCQ)2RPCLERF"MLB1CQZ
     4IIMJ?. /›WII›2&FPCJGL EPMURF?LBM@CQGRW LL,CBZ
     4RRCP "  &MQQ %+  2U?L /#  CR ?J $T?JS?RGML MD ?GP BGQNJ?ACKCLR DMP ?QQCQQGLE @MBW AMKNMQGRGML MD AMJJCEG?RC
    PMUCPQ,CB2AG2NMPRQ$VCPAZ
     T?L 2MKCPCL *  /J?KCP &2 /PCBGARGML MD  K QNPGLR I?W?IGLE NCPDMPK?LAC "?L ) NNJ /FWQGMJ Z
    
     5CQAMTG)#'+ ,GJJCP6 '?KKCP1 CR?J$T?JS?RGMLMDRFC!.#/.#DMPCQRGK?RGLENCPACLRD?RGLDCK?JCAMJJCEC
    ?RFJCRCQ)2RPCLERF"MLB1CQZ
     5MJCI )2  %MPQWRFC "$ 3FC A?QC DMP LMR PCQRPGARGLE Q?RSP?RCB D?R ML ? JMU A?P@MFWBP?RC BGCR -SRP ,CR?@ +MLB 
    
     5MJCI )2  %CPL?LBCX ,+  %CGLK?L 1#  CR ?J #GCR?PW A?P@MFWBP?RC PCQRPGARGML GLBSACQ ? SLGOSC KCR?@MJGA QR?RC
    NMQGRGTCJW ?DDCARGLE ?RFCPMECLGA BWQJGNGBCKG?  D?RRW ?AGB N?PRGRGMLGLE  ?LB KCR?@MJGA QWLBPMKC /PME +GNGB 1CQ
    Z
     6?LE9 'CQFI?2 6?LE) CR?J,?ELGRSBC?LBT?PG?RGMLMDD?R DPCCK?QQBCLQGRW?ACJJSJ?P JCTCJ@MBWAMKNMQGRGML
    KMBCJGLEQRSBW K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     6?PBJC) "MMIC+3FCGKN?ARMDM@CQGRWMLNQWAFMJMEGA?JUCJJ @CGLE!CQR/P?AR1CQZ
     6CGLQGCP1+ 2AFSRX8 !P?AAM#1CCV?KGL?RGMLMDRFCPCJ?RGMLQFGNMDPCQRGLEKCR?@MJGAP?RCRMD?R DPCCK?QQ?LBRM
    RFCKCR?@MJGA?JJW?ARGTCAMKNMLCLRQMDD?R DPCCK?QQFSK?LQ K)"JGL-SRPZ
     6CWCP "  6?JDMPB 1+  '?PNCP (3  CR ?J $LCPEW KCR?@MJGQK ?DRCP  W MD CLCPEW PCQRPGARGML RFC @GMQNFCPC 
    CVNCPGKCLR K)"JGL-SRPZ
     6CWCPQ ,  ,?XXCRRG 2  +MTC #  CR ?J "MKN?PGQML MD KCRFMBQ DMP ?QQCQQGLE @MBW AMKNMQGRGML AF?LECQ BSPGLE
    UCGEFRJMQQ,CB2AG2NMPRQ$VCPAZ
     6F?JCW ,'  !PS@?ICP /'  .RRM 1,  CBQ "2,Q &SGBCJGLCQ DMP $VCPAGQC 3CQRGLE ?LB /PCQAPGNRGML  RF CB
    /FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ 
     6FGRLCW$ 1MJDCQ214LBCPQR?LBGLE-SRPGRGML RFCB!CJKMLR " 3FMKQML6?BQUMPRF 
     6MLE 2+  *?RXK?PXWI /  -GAF?K?L ,9  CR ?J "?PBGMPCQNGP?RMPW ¤RLCQQ GQ ?QQMAG?RCB UGRF JMUCP ?@BMKGL?J D?R
    GLBCNCLBCLRMD@MBWK?QQGLBCV,CB2AG2NMPR$VCPAZ

    
    !CPIK?L -#  +MFP *-  !SJGI " .SRAMKCQ MD C?RGLE BGQMPBCPQ ? QWQRCK?RGA PCTGCU MD RFC JGRCP?RSPC (LR ) $?R #GQMPB
    Z
    !SPLCRR,%CK?JC?RFJCRCRPG?B"JGL2NMPRQ,CBZ
    %?GP@SPL"& '?PPGQML/)$?RGLEBGQMPBCPQ+?LACRZ
    %SJRML)$ ,A&SGPC,3 "?QMCPQCL") CR?J(LRCPTCLRGMLQDMPUCGEFRJMQQ?LBUCGEFRE?GLNPCTCLRGML?KMLEWMSRFASPPCLRGQQSCQ
    2NMPRQ,CBZ
    'CWU?PB5' 6?ELCP#1 NNJGCB!MBW"MKNMQGRGML QQCQQKCLR LBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
    *?LLCJ6! "SNNJCQ+ 1?K?QU?KG1 CR?J1CEGML?JM@CQGRW?LBPGQIMDA?PBGMT?QASJ?PBGQC?QCRFC%P?KGLEF?KQRSBW)"JGL
    $NGBCKGMJZ
    *MQRCI, /CQA?RCJJM+2 2CGN1+ CR?J2S@ASR?LCMSQD?R?JRCP?RGMLQPCQSJRGLEDPMK?LSNNCP @MBWPCQGQR?LACRP?GLGLENPMEP?K
    ,CB2AG2NMPRQ$VCPAZ
    +CKKCP )3  (TCW %,  1W?L 2  CR ?J $DDCAR MD QRPCLERF RP?GLGLE ML PCQRGLE KCR?@MJGA P?RC ?LB NFWQGA?J ?ARGTGRW ?EC ?LB ECLBCP
    AMKN?PGQMLQ,CB2AG2NMPRQ$VCPAZ
    ,CJ?LQML$+ 2F?PN3 2C?EJC', CR?J1CQGQR?LAC?LB?CPM@GACVCPAGQCF?TCQGKGJ?PCDDCARQML FLSRPGCLRMVGB?RGML,CB2AG
    2NMPRQ$VCPAZ
    2CPBSJ?,* ,MIB?B ' 6GJJG?KQML#% CR?J/PCT?JCLACMD?RRCKNRGLEUCGEFRJMQR?LBQRP?RCEGCQDMPAMLRPMJJGLEUCGEFR) K
    ,CB QQMAZ
    6MLE2+ *?RXK?PXWI/ -GAF?K?L,9 CR?J"?PBGMPCQNGP?RMPW¤RLCQQGQ?QQMAG?RCBUGRFJMUCP?@BMKGL?JD?RGLBCNCLBCLRMD@MBW
    K?QQGLBCV,CB2AG2NMPRQ$VCPAZ

    .+
    !PMXCI)/FWQGA?J?ARGTGRW?LB@MBWAMKNMQGRGML PF'GE1?B? Z
    )?AIQML /MJJMAI,+&CLCP?JGXCBCOS?RGMLQDMPNPCBGARGLE@MBWBCLQGRWMDKCL!P)-SRPZ
    )?AIQML 2  /MJJMAI ,+  6?PB  &CLCP?JGXCB COS?RGMLQ DMP NPCBGARGLE @MBW BCLQGRW MD UMKCL ,CB 2AG 2NMPRQ $VCPA 
    Z
    *?RAF %  ,GAF?CJ $#  'MPT?RF 2, $QRGK?RGML MD @MBW TMJSKC @W SLBCPU?RCP UCGEFGLE BCQAPGNRGML MD ? QGKNJC KCRFMB ) NNJ
    /FWQGMJ Z
    +MFK?L3&!GMJMEGA?JT?PG?RGMLGL@MBWAMKNMQGRGML) LGK2AG Z
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      !CM=ONCLMI<L?IM<?H?@=CIM>INL?CH;G?HNIJ;L;;M;š​>?
      "RJFC=;L?>C@?L?H=C;LIMNCJIM>?>I?H​‹;=;L>CIP;M=OF;L
    ©;;LN?LC;F=ILIH;LC;H;! 
      &>?HNCV=;LIM@;NIL?M>?LCM=I>?>I?H
      /?=IHB?=?LKO;H>IŒCGJILN;HN?I<N?L;;ONILCT;‹ŠIGŒ>C=;
      "RJFC=;L?;JFC=;L;M>CL?NLCT?M>INL?CH;G?HNI;?L•<CIJ;L;;JLIGI‹ŠI>;M;š​>?
      "RJFC=;L?;JFC=;L;M>CL?NLCT?M>INL?CH;G?HNIL?MCMNC>IJ;L;;JLIGI‹ŠI>;M;š​>?
      "F;<IL;LOG;M?MMŠI>?NL?CH;G?HNI
      !CM=ONCLIM?@?CNIM>I>?MNL?CH;G?HNI
      "GJL?A;LIMJLCH=JCIM>;J?LCI>CT;‹ŠI

    % M ;NF?N;M NL?CH;G J;L; ;JLCGIL;L I >?M?GJ?HBI ?G M?OM L?MJ?=NCPIM ?MJILN?M


    *OCN;MJ?MMI;M
    ?HNL?N;HNI
    NL?CH;GHŠI;J?H;MJ;L;G?FBIL;LI>?M?GJ?HBI@MC=I

    =IGI N;G<ŒG J;L; I<N?L IM <?H?@=CIM J;L; ; M;š​>? ;MMI=C;>IM ‰ ;NCPC>;>? @MC=;  ,M
    <?H?@=CIMJ;L;;;JNC>ŠI@MC=;=IHMCMN?G?G;>;JN;‹™?MVMCIF•AC=;M
    =IGI;OG?HNI>I
    FCGC;L >I F;=N;NI
     =;J;=C>;>? >? M;FNI P?LNC=;F ? @IL‹; G†RCG;
     KO? JIN?H=C;FG?HN?
    ;OG?HN;G I >?M?GJ?HBI HI ?MJILN? IO H; ;NCPC>;>?  ,M <?H?@=CIM J;L; ; M;š​>?
    =IHMNCNO?G ;>;JN;‹™?M VMCIF•AC=;M X =IGI ; >CGCHOC‹ŠI >; JL?MMŠI ;LN?LC;F X KO?
    L?>OT?GILCM=I>?>?M?HPIFPCG?HNI>?>I?H​‹;
    =IGI;>I?H​‹;=;L>CIP;M=OF;L FAOG;M
    ;>;JN;‹™?M VMCIF•AC=;M JLIGIP?G <?H?@=CIM J;L; ; M;š [ ? ? J;L; ; ;JNC>ŠI @MC=;  ,
    ;OG?HNI>IJC=I>I=IHMOGI>?IRCAHCIŒ;MMI=C;>IHŠI;J?H;M;IM<?H?@=CIMJ;L;;
    =IH>C‹ŠI@MC=;>;G?FBIL;>I>?M?GJ?HBI?G?MJILN?M>??H>OL;H=?=IGI=ILLC>;>?
     ?   G?NLIM
     =IGI N;G<ŒG ;IM <?H?@=CIM J;L; ; M;š​>? L?F;=CIH;>IM =IG ;
    >CGCHOC‹ŠI >; GILN;FC>;>? ?G A?L;F 
      CHN?HMC>;>? >I NL?CH;G?HNI Π; G?>C>; >;
    >CV=OF>;>?>I?R?L==CI
    ?HKO;HNIIPIFOG?>?NL?CH;G?HNIŒ;G?>C>;>;KO;HNC>;>?>?
    NL;<;FBIIO?R?L==CIL?;​FC​T;>I ,NL?CH;G?HNI@MC=IH?=?MM†LCIJ;L;JLIGIP?L<?H?@=CIM
    J;L; ; M;š​>? N?G CHN?HMC>;>? ? PIFOG? G?HIL?M KO? I H?=?MM†LCI J;L; JLI>OTCL
    <?H?@=CIM J;L; ;M ;JNC>™?M @MC=;M  "MN? =;JNOFI =IH=?HNL; M? H;M >CL?NLCT?M >I
    NL?CH;G?HNI ;?L•<CI ? L?MCMNC>I J;L; ; JIJOF;‹ŠI ?G A?L;F
     =IG I I<D?NCPI >? JLI>OTCL
    <?H?@=CIMJ;L;;M;š​>?J;L​NC=OF;L​G?HN?L?F;=CIH;>IM=IG;>I?H​‹;=;L>CIP;M=OF;L
    <?G
    =IGI<?H?@=CIMA?L;CMJ;L;;=IH>C‹ŠI@MC=; 1;G<ŒGM?LŠI=IHMC>?L;>IMP†LCIMN•JC=IM
    ?MM?H=C;CM ;I NL?CH;G?HNI
     CH=FOMCP? ;ONILCT;‹ŠI GŒ>C=;
     ?MNLONOL; >? OG; M?MMŠI >?
    NL?CH;G?HNI
    >?MNL?CH;G?HNI?J?LCI>CT;‹ŠI

    G4A2w28>4?A4E4=sr>343>4=​s020A38>E0B2D;0A

    4KBMQK?GMPCQ@CLCD”AGMQN?P??Q?ž​BCMA?QGML?BMQNCJ?NPŠRGA?BCCVCPA”AGMQ R?LRMN?P??RJCR?QOS?LRMN?P??NMNSJ?ŽM
    CKECP?J ?NPCTCLŽMBCBMCL​?A?PBGMT?QASJ?P-CQR?QCŽM AMLQGBCP?KMQ?NPCT?J‘LAG?BCBMCL​?A?PBGMT?QASJ?PLMQ
    $4 MQRGNMQCMQD?RMPCQBCPGQAMPCJ?AGML?BMQAMK?BMCL​?A?PBGMT?QASJ?P GLAJSQGTCQCBCLR?PGQKM

    'C6G2=y?4:2565@6?​w242C5:@G2D4F=2C
    -? BA?B? BC   ?Q BMCL​?Q A?PBGMT?QASJ?PCQ CP?K ?Q NPGLAGN?GQ A?SQ?Q BC KMPRC  PCQNMLQŠTCGQ NMP K?GQ BC  BC
    RMBMQMQ™@GRMQLMQ$4 $K ?QBMCL​?QA?PBGMT?QASJ?PCQ?GLB?JGBCP?T?K?QA?SQ?QBCKMPRC LMCLR?LRM DMP?K
    PCQNMLQŠTCGQ NMP ?NCL?Q   BC RMB?Q ?Q KMPRCQ ,CQKM ?QQGK  CQQ? R?V? QC COSGN?P?  KBG? BC  KMPRC ? A?B? 
    QCESLBMQ  RCLB‘LAG? ? JMLEM NP?XM BC BGKGLSGŽM B?Q KMPRCQ BCAMPPCLRCQ BC BMCL​? A?PBGMT?QASJ?P LŽM RCK PCJ?ŽM
    AMK SK D?RMP CK N?P​RGASJ?P  K?Q  NPMT?TCJKCLRC  AMK ?JESK?Q GLRCP?CQ CLRPC TŠPGMQ D?RMPCQ PCJ?AGML?BMQ AMK ?
    NPCTCLŽMCMRP?R?KCLRMB?BMCL​?A?PBGMT?QASJ?P

    ,MBG¤A?CQLMCQRGJMBCTGB?AMKMKCJFMP?B?LSRPGŽM QSQNCLQŽMBMR?@?EGQKMCNPŠRGA?PCESJ?PBCCVCPA”AGMQOSC
    ?HSB?K?CTGR?P?BMCL​?A?PBGMT?QASJ?P
    #CQCLTMJTGKCLRMBCRALGA?QKBGA?QOSCNCPKGRCKSKKCJFMPCK?GQNPCK?RSPMBG?EL™QRGAM
    ,CJFMP?BMASGB?BMCBMRP?R?KCLRMCKCPECLAG?JB?QT”RGK?QBCGLD?PRMBMKGMAŠPBGMC?AGBCLRC​T?QASJ?PCLACDŠJGAM
     5$
    NPGKMP?KCLRM B?Q RALGA?Q KBGA?Q BC RP?R?KCLRM AGPSPEG? BC PCT?QASJ?PGX?ŽM  ?LEGMNJ?QRG? C :;,5;:
    D?PK?AMJ™EGAMQ
    $TMJSŽMB?QBPME?QN?P?RP?R?KCLRM?JMLEMNP?XM

    3MBMQCQQCQD?RMPCQPCQSJR?P?KL?BGKGLSGŽMBCKMPRCQBCTŠPGMQRGNMQB?QBMCL​?QA?PBGMT?QASJ?PCQ

    +:A@D565@6?​w242C5:@G2D4F=2C
    $VGQRCKTŠPGMQRGNMQBCBMCL​?A?PBGMT?QASJ?P QCLBM?BMCL​?A?PB”?​A?AMPML?PG?L?PCQNMLQŠTCJNMPK?GQBCBCRMB?Q
    ?QKMPRCQ?QQMAG?B?Q?NPM@JCK?QA?PBGMT?QASJ?PCQ%GESP?  OSG MCQRSBMQCAMLACLRP?PŠ?NCL?QL?BMCL​??PRCPG?J
    AMPML?PG?L? # "  5$  GLQS¤AG‘L ^G? A?PB”?
    ^?  FGNCPRCLQŽM C BMCL
    ≠? ?PRCPG?J NCPGDPGA? # /  RMB?Q ?DCR?B?Q NCJ?Q
    CQAMJF?QBMCQRGJMBCTGB?

    1(0_$$46(4,$.&1410$4,$0$
    Q?PRPG?QAMPMLŠPG?QQSNPCKMRCAGBMA?PB”?​AMAMKQ?LESC2CSK??PRPG?AMPMLŠPG?DMP@JMOSC?B? MRCAGBMA?PB”?​AMLŽM
    PCAC@C M MVGE‘LGM C MQ LSRPGCLRCQ LCACQQŠPGMQ 4K @JMOSCGM NCOSCLM MS N?PAG?J BC SK? ?PRPG? AMPMLŠPG? PCQSJR? CK
    9CAE5=91  MS GLQS¤AGCLRC DMPLCAGKCLRM BC Q?LESC N?P? M RCAGBM QSNPGBM NCJ? ?PRPG? %GESP?    GQOSCKG? NMBC
    ?AMLRCACP?OS?JOSCPKMKCLRM NMPKMRCAGBMA?PB”?​AMCQNCAG?JKCLRCTSJLCPŠTCJBSP?LRC?RGTGB?BCD”QGA?MSKMKCLRMQ
    BCCQRPCQQC OS?LBM?QBCK?LB?QBCMVGE‘LGMN?P?MAMP?ŽMQŽMK?GMPCQ GQOSCKG?NMBCNPMBSXGPDMPRCBMPRMPŠAGA? MS
    1>79>14?@59D?2CSK??PRPG?AMPMLŠPG?DMPEP?TCKCLRCMSRMR?JKCLRC@JMOSC?B? ?GQOSCKG?QCRMPL?QPG?M@?QR?LRC
    N?P? MA?QGML?P M 9>61BD? 4? =9?3gB49?  K?GQ AMKSKCLRC AMLFCAGBM AMKM ?R?OSC A?PB”?​AM #SP?LRC M GLD?PRM BM
    KGMAŠPBGM  ? D?JR? BC Q?LESC C MVGE‘LGM NMP ?JESLQ KGLSRMQ JCT?  KMPRC  MS LCAPMQC  B?Q AJSJ?Q BM KGMAŠPBGM
    #CNCLBCLBM B? CVRCLQŽM B? LCAPMQC B?Q AJSJ?Q BM KGMAŠPBGM 0 ,  KMPRC ACJSJ?P  M PCQSJR?BM QCPŠ GLA?N?AGB?BC JCTC
    KMBCP?B? MS EP?TC $K A?QMQ KCLMQ EP?TCQ BC GLD?PRM BM KGMAŠPBGM  ? NCQQM? ?DCR?B? NMBC ¤A?P QCK Q?@CP OSC RCTC ?
    GQOSCKG?BMAMP?ŽM?RQCK?L?QMSKCQCQBCNMGQBMMAMPPGBM0S?LRMK?GQJMLE??BSP?ŽMB?GQOSCKG? K?GMP?LCAPMQC
    KGMAŠPBGA?$QQ??P?XŽMNCJ?OS?JGKNMPR?LRCOSC?NCQQM?OSCQMDPCSGLD?PRMBMKGMAŠPBGMPCAC@??RCLŽMKBGA?M
    K?GQPŠNGBMNMQQ”TCJ

    86DA0  =o;8B43>?4A24=CD0;34<>AC4B=>B+

    342>AA4=C4B34EoA80B3>4=​s0B20A38>E0B2D;0A4B
    !
    3"
    CHMOV=CHZC;=;L>;
    Z;
    BCJ?LN?HMŠI
    >I?H
    ©;M>;M;LNŒLC;M?IONL;M=;OM;M
    =IGIJLI<F?G;M=IHAHCNIM>I
    =IL;‹ŠI
     MŠI L?MJIHM†P?CM JIL OG; KO;HNC>;>? MO<MN;H=C;F >? GILN?M HIM "2  ,<M?LP? KO? ; CHMOV=CHZC;
    =;L>;​=;HŠIŒOG;=;OM;<†MC=;>?GILN? !?G?LC=;H%?;LNMMI=C;NCIH %?;LN!CM?;M?;H>0NLIE?0N;NCMNC=MX
     2J>;N?  !CMJIHP?F ?G BNNJ QQQ
    ;G?LC=;HB?;LN ILA >IQHFI;>;<F? B?;LN =B;LNM#&+) JJN
    
    0FC>? !;>IMILCACH;CM
    >? !
    +;NCIH;F ?HN?L@IL%?;FNB0N;NCMNC=M 
    86DA0   B 0ACtA80B 2>A>=oA80B BD?A4< > C4283> 20A3w0​2> 2>< >G86u=8> 4 =DCA84=C4B , <FIKO?CI >? OG;
    ;LNŒLC;=ILIH†LC;>?=ILL?HN?>;;N?LIM=F?LIM?L?MOFN;?GCMKO?GC;>IN?=C>I=;L>;​=IMOJLC>IJ?F;;LNŒLC; >;JN;>;
    >?CFOMNL;‹ŠI@ILH?=C>;JILH;NIGC=;F B;LN I 

    4?5>k11BD5B91<3?B?>1B91>1SKNPMACQQMOSCA?SQ?CTCLRS?J@JMOSCGMCCLBSPCAGKCLRMB?Q?PRPG?QOSC
    QSNPCK M RCAGBM A?PB”?​AM AMK Q?LESC  AMLDMPKC HŠ BGQASRGBM ?LRCQ . @JMOSCGM  A?SQ?BM NMP 1D5B?C3<5B?C5
    CQRPCGR?KCLRM NPMEPCQQGTM BC SK? ?PRPG? BCAMPPCLRC B? DMPK?ŽM BC NJ?A?Q BC EMPBSP? L? N?PCBC GLRCPGMP B? ?PRPG?
    ?RCPMQAJCPMQC NMBC MAMPPCP CK OS?JOSCP T?QM Q?LES”​LCM  K?Q OS?LBM ?AMKCRC ? ?PRPG? AMPMLŠPG?  AF?K?B? BC # "
    "MK ? NPMEPCQQŽM BM CQRPCGR?KCLRM  M KCQKM ?AMLRCAC AMK ? CVRCLQŽM B? GQOSCKG?  PCQSJR?LBM  CTCLRS?JKCLRC  CK
    GLD?PRMBMKGMAŠPBGM ?RCPMQAJCPMQCC?1BD5B9?C3<5B?C5 MSCQNCQQ?KCLRMCNCPB?B?CJ?QRGAGB?BCB?N?PCBCB??PRPG?
    QŽMMPCQSJR?BMB?GL¥?K?ŽMAPšLGA?BC@?GVMEP?SB?QN?PCBCQBMQT?QMQQ?LES” i CMQ#CTGBMGL¥?K?ŽM SK?NJ?A?MS
    SK?EJMKCP?BMAMKNMQRMNMPAJSJ?Q​KSQASJ?​PCQB?A?K?B?GL​RCP​KC​BGŠ​PG?B?N?PCBC?PRCPG?J JGN”BGMQBMQ?LESCCRCAGBM
    AMLHSLRGTMQCBCQCLTMJTCLMGLRCPGMPB?N?PCBC?PRCPG?J!MVC .?AžKS​JMBCNJ?A?QJCT??MCQRPCGR?KCLRMB??PRPG?
    ?RCPMQAJCPMQC C?PRCPGMQAJCPMQC NMGQ?NJ?A?KCLMQCJŠQRGA?OSCMRCAGBMB?N?PCBC?PRCPG?JLMPK?J NPCQCL?BCBMCL​?
    A?PBGMT?QASJ?PR?K@K?SKCLR??AF?LACBCSKDB?=2?MSAMŠ​ESJMQ?LES”​LCM@JMOSC?PBCK?LCGP?N?PAG?JMSAMKNJCR?
    SK??PRPG?

    ,4& <
    -;-6>74>15-6<7,-84)+)
    .BCQCLTMJTGKCLRMBCNJ?A?PCQSJR?LBMCK?RCPMQAJCPMQCC?PRCPGMQAJCPMQCA?SQ?BMNMPSK?GLDCAŽMAPšLGA?BC
    @?GVMEP?SB?QN?PCBCQ?PRCPG?GQ$QQCNPMACQQMAMKC?AMKMQKML™AGRMQ SKRGNMBCJCSA™AGRM OSCQC¤V?L?®PC?
    CLRPC?QAJSJ?QCLBMRCJG?GQOSCPCTCQRCKMGLRCPGMPB?N?PCBC?PRCPG?J.QKML™AGRMQQCBGDCPCLAG?KCKK?AP™D?EMQ
    MQOS?GQQŽMA?N?XCQBCBCQRPSGPCLXGK?RGA?KCLRCMK?RCPG?JACJSJ?P.QK?AP™D?EMQCLEJM@?KM+#+ "MVGB?BMC
    BCT?E?P QCRMPL?KAJSJ?QCQNSKMQ?QBC@?GVMBMPCTCQRGKCLRMCLBMRCJG?J DMPK?LBMD?GV?QBCEMPBSP? QAJSJ?Q
    B?​KSQASJ?RSP?JGQ?B?A?K?B?BMKCGMB?N?PCBC?PRCPG?JR?K@KTŽMEP?B?RGT?KCLRCQC?ASKS​J?LBMBC@?GVMB?
    N?PCBCCLBMRCJG?J,SGR?QTCXCQ ?QAJSJ?QCLBMRCJG?GQQCBCQNPCLBCKB?N?PCBC?PRCPG?J CVNMLBMMRCAGBMAMLHSLRGTM
    QS@H?ACLRC QNJ?OSCR?QQŽM?RP?”​B?QN?P?MRCAGBMB?N?PCBC?PRCPG?JCVNMQRMCM+#+ "BCNMQGR?BML?NJ?A?
    sKCBGB?OSC?NJ?A?T?GQCDMPK?LBM MT?QMT?GQCRMPL?LBMA?B?TCXK?GQCQRPCGRM NJ?A??NPCQCLR?SK?A?N?
    ¤@PMQ? ?OS?JNMBC?HSB?P?DMPK?PMQ?EJMKCP?BMQBCNJ?A?CQRŠTCGQMSNPMNCLQMQPSNRSP? QNJ?A?QNPMNCLQ?Q
    PSNRSP? ?NPCQCLR?K ¤L? A?N? ¤@PMQ?  EP?LBC OS?LRGB?BC BC AJSJ?Q CQNSKMQ?Q C @?GV? BCLQGB?BC BC AJSJ?Q BC
    KžQASJMJGQM2C?NJ?A?QCPMKNCP CLXGK?QNPMRCMJ”RGA?QQŽMJG@CP?B?Q BCEP?B?LBM?CQRPSRSP?ACJSJ?PCNPMBSXGLBM
    RPMK@MMSAMŠ​ESJMQ?LES”​LCM.RPMK@M OS?LBMEP?LBCMQS¤AGCLRC NMBC@JMOSC?P??PRPG? QQGK ?DMPK?ŽMB?
    NJ?A?A?SQ??RCPMQAJCPMQCCQRPCGR?KCLRMB??PRPG? C?PRCPGMQAJCPMQCCLBSPCAGKCLRMB??PRPG? NMGQ?NJ?A?KCLMQ
    CJŠQRGA?OSC?N?PCBC?PRCPG?JQ?SBŠTCJ C?SKCLR??AF?LACBCBCQCLTMJTGKCLRMBCRPMK@M

    %121>g:/5-?
     1MKCPM%( *F?K?QFR?, 'SEFC&15+GNMNPMRCGL? MVGB?RGML?LB?SRM?LRG@MBGCQ?LCUN?RFGL?RFCPMRFPMK@MQGQ
    +SNSQZ
     1MQQ1 RFCPMQAJCPMQGQc?LGL¥?KK?RMPWBGQC?QC-$LE),CBZ
    !
    3945>D5F1C3E<1B5>356g<93?,?D?JR?BCQSNPGKCLRMQ?LES”​LCMN?P?SK?NMPŽMBMCLAD?JM2GKGJ?P?MGLD?PRM
    BM KGMAŠPBGM  M 5$ NPMKMTC ? LCAPMQC BM RCAGBM ACPC@P?J  N?PRC BM CLAD?JM B?LG¤A?B? BCRCPKGL? MQ QGLRMK?Q
    PCQSJR?LRCQ. 5$NMBC?DCR?PMQQCLRGBMQ ?KCK™PG?PCACLRCC?LRGE?CMQN?BPCQB?D?J? N?P?JGQG?BCSKJ?BMBM
    AMPNMR?K@KSKQGLRMK?AMKSKBC 5$
    . 5$0:​8<e40*6 QGKGJ?PGQOSCKG?A?PB”?​A? PCQSJR?CKD?JR?BCDMPLCAGKCLRMBCQ?LESCN?P?SK?​ŠPC?CKN?P​RGASJ?P
    BMCLAD?JMBCTGBM?M@JMOSCGMCK?JESKT?QMQ?LES”​LCM. 5$GQ​OS‘KGAMNMBCQCPAMLQC​OS‘LAG?BCRPMK@MQCACPC@P?J
    SK RPMK@M QC BCQCLTMJTC CK SK T?QM BM CLAD?JM  4K JMA?J AMKSK BC BCQCLTMJTGKCLRM BC RPMK@M  MLBC ?
    ?RCPMQAJCPMQCQCBCQCLTMJTCS CK@MJG?ACPC@P?JMPCQSJR?BMBCEJ™@SJMQBCEMPBSP? SKNCOSCLMNCB?MBCRCAGBMMS
    SK AMŠ​ESJM BC Q?LESC OSC QC QMJRMS BC MSRP? PCEGŽM BM AMPNM  M OS?J  RP?LQNMPR?BM NCJM Q?LESC ?R M CLAD?JM
    @JMOSC?LBM CTCLRS?JKCLRC MT?QMQ?LES”​LCMACPC@P?J
     GLRCPPSNŽM BC ¥SVM Q?LES”i CM R?K@K NMBC A?SQ?P PSNRSP? BC SK T?QM Q?LES”i CM  M OSC  AF?K?BM BC 5$
    /,4699_.0*60S?LBMSK?(9;d90(ACPC@P?JQCPMKNC BCLMKGL? QC/,4699(.0(*,9,)9(32CSKT?QMQ?LES”​LCML?QSNCPD”AGC
    BM CLAD?JM QMDPC PSNRSP?  BCLMKGL? QC /,4699(.0( :<)(9(*560+, Q FCKMPP?EG?Q LŽM ?NCL?Q GLRCPPMKNCK M ¥SVM BC
    Q?LESC N?P? ? ​ŠPC? BM CLAD?JM QSNPGB? NCJM T?QM  AMKM R?K@K JCT?K ?M ?AžKS​JM BC Q?LESC L? A?TGB?BC AP?LG?L?
    MA?QGML?LBMCJCT?ŽMB?NPCQQŽMOSC NMPQS?TCX NMBCB?LG¤A?P?GLB?K?GQMRCAGBMCLACDŠJGAM%?RMPCQBCNPCBGQNMQGŽM
    FCKMPP?EG?QŽMFGNCPRCLQŽM?SKCLRMB?NPCQQŽMQ?LES”​LC? CB?LM?RCPMQAJCP™RGAMOSCAPG?SKNMLRMDP?AML?N?PCBCBM
    T?QMQ?LES”​LCM

    057=&,a0C,$&$4'b$
    C$
    >CE{39m>P91 31B4o1P1  M AMKNPMKCRGKCLRM B? A?N?AGB?BC BMQ TCL​RP”ASJMQ BC QC AMLRP?GP ? NMLRM BC NPMBSXGP B@GRM
    A?PB”?​AM GLQS¤AGCLRC N?P? ?RCLBCP Q LCACQQGB?BCQ BC MVGE‘LGM BM AMPNM  GLQS¤AG‘LAd? A?PB”?A\  ?ESB? NMBC QCP AMLQC
    OS‘LAG?BCSKGLD?PRMBMKGMAŠPBGMA?SQ?BMNMPQS@QR‹LAG?R™VGA? BPME?MS@JMOSCGMBC?PRPG?AMPMLŠPG? GLQS¤AG‘L ^G?
    A?PB”?​A? APšLGA?  M AMKNPMKCRGKCLRM B? DSLŽM A?PB”?​A? BCAMPPCLRC BMQ CDCGRMQ ? JMLEM NP?XM BC D?RMPCQ AMKM
    FGNCPRCLQŽM NCOSCL?QGQOSCKG?QA?PB”?​A?QKžJRGNJ?QMSGLDCAŽMTGP?J
    .?SKCLRMBMTMJSKCBCQ?LESCBCAMPPCLRCB?PCRCLŽMJ”OSGB?NCJMQPGLQSK?PCQNMQR?DPCLRCBGKGLSGŽMEP?B?RGT?
    BMB@GRMA?PB”?​AMMA?QGML?B?NCJ?GLQS¤AG‘L ^G?A?PB”?^?APšLGA?"MK?GLQS¤AG‘LAd?A?PB”?A\ KMBCP?B? M?SKCLRMBM
    TMJSKCQ?LES”​LCMNMQQG@GJGR??K?LSRCLŽMBMB@GRMA?PB”?​AMLMPK?J AMLRSBMASQR?BCNPCQQŽM?PRCPG?JK?GQCJCT?B? M
    OSC GLRCLQG¤A? M RP?@?JFM BMQ TCLoP”ASJMQ N?P? AMLQCPT?P M B@GRM A?PB”?^M . ?SKCLRM BM RP?@?JFM BMQ TCLoP”ASJMQ
    NPMKMTC ? FGNCPRPM¤? TCLoPGASg?P TCP "?N”RSJM    NPCQQŽM Q?LES”i C? K?GQ CJCT?B? PCQSJR? R?K@K CK ?AžKSgM BC
    J”OSGBM MS CBCK? . CBCK? NMBC MAMPPCP LMQ RMPLMXCJMQ C L?Q NCPL?Q MS LMQ NSJKCQ  M OS?J  PCDCPGBM AMKM CBCK?
    NSJKML?P0S?LBMLŽMRP?R?B?BCK?LCGP??NPMNPG?B? ?GLQS¤AG‘L^G?A?PB”?^?APšLGA?NPMEPGBC,CQKMAMK?FGNCPRPM¤?
    TCL​RPGAS​J?P C M ?SKCLRM BM TMJSKC BC Q?LESC  CTCLRS?JKCLRC  MQ TCL​RP”ASJMQ LŽM AMLQCESCK BCQCLTMJTCP NPCQQŽM
    QS¤AGCLRCN?P?K?LRCPMB@GRMA?PB”?^M

    ,2(46(05^1
    9@5BD5>Cj??NPCQQŽM?PRCPG?JCJCT?B?CKPCNMSQMvBC¤LGB?AMKM?NPCQQŽM?PRCPG?JQGQR™JGA?CBG?QR™JGA?CKPCNMSQM
    GES?J MS ?AGK? BC  C  KK'E  PCQNCARGT?KCLRC "MLDMPKC ? NPCQQŽM ?PRCPG?J QM@C  M RP?@?JFM BM AMP?ŽM N?P?
    @MK@C?PQ?LESCNCJMAMPNMQCGLRCLQG¤A? MOSC?ACLoS??BCK?LB?BCMVGE‘LGMBMRCAGBMA?PB”?^M FGNCPRCLQŽMAPšLGA?
    R?K@K?SKCLR??RCLQŽMQM@PC?Q?PRPG?QC?PRCP”M​J?QsKCBGB?OSC?NPCQQŽM?PRCPG?JBCPCNMSQMQM@C MPGQAM?SKCLR?
    LŽM?NCL?QBCGLQS¤AG‘L^G?A?PB”?^? AMKMR?K@KBC?RCPMQAJCPMQCC R?K@K BCBMCL≠?q?QASJ?PNCPGDPGA?CGLQS¤AG‘L
    AG? PCL?J 2CLBM ?QQGK  LŽM  QSPNPCCLBCLRC OSC ? FGNCPRCLQŽM QCH? SK? AMLQGBCP?ŽM GKNMPR?LRC N?P? ? Q?ž​BC
    A?PBGMT?QASJ?P %MP?K BCQCLTMJTGB?Q BGPCRPGXCQ N?P? BC¤LGŽM BC FGNCPRCLQŽM CK ?BSJRMQ "MKM QC NMBG? CQNCP?P  
    NPMNMPŽMOSC?NPCQQŽM?PRCPG?JBCPCNMSQMQCCJCT? MKCQKMMAMPPCAMK?EP?TGB?BCB?FGNCPRCLQŽM3?@CJ? 
    $K N?PRC  ? NPCQQŽM ?PRCPG?J BC PCNMSQM BCNCLBC BM R?K?LFM BM AMPNM /MPR?LRM  APG?L?Q C ?BMJCQACLRCQ HMTCLQ
    LMPK?JKCLRC ?NPCQCLR?K NPCQQŽM ?PRCPG?J K?GQ @?GV? OSC MQ ?BSJRMQ JK BGQQM  ACPA? BC  ?  BMQ A?QMQ BC
    FGNCPRCLQŽMCKFMKCLQCKSJFCPCQ PCQNCARGT?KCLRC QŽMBCAMPPCLRCQBCQM@PCNCQMMSM@CQGB?BC FGNCPRCLQŽM?DCR?
    KSGR?QNCQQM?Q$KECP?J ?A?B??BSJRMQLMPRC ?KCPGA?LMQFGNCPRCLQM NMPK?FGNCPRCLQŽMC?BMCL​?A?PB”?​A?QŽM
    K?GQ NPCT?JCLRCQ CK BCRCPKGL?BMQ QCEKCLRMQ B? NMNSJ?ŽM LMPRC ?KCPGA?L? DPM ?KCPGA?LMQ BCKMLQRP?K GLAGB‘LAG?
    K?GQ ?JR? BC FGNCPRCLQŽM OSC MQ BCQACLBCLRCQ BC KCVGA?LMQ C A?SA?QG?LMQ "MLQCOSCLRCKCLRC  MQ ?DPM ?KCPGA?LMQ
    ?NPCQCLR?KGLAGB‘LAG?K?GQCJCT?B?BCKMPRCQBCAMPPCLRCQBCBMCL​?A?PB”?​A?  5$D?R?GQ LŽMD?R?GQCBMCL​?PCL?JCK
    D?QCRCPKGL?J
    NCQ?PB?NPCT?J‘LAG?CB?QAMLQC​OS‘LAG?QEP?TCQB?FGNCPRCLQŽM QS?QA?SQ?QLŽMQŽMKSGRM@CKCLRCLBGB?Q K?GMPG?
    BMQ A?QMQ BC FGNCPRCLQŽM  BC¤LGB? AMKM CQQCLAG?J MS GBGMNŠRGA?  M OSC OSCP BGXCP OSC ? A?SQ? CV?R? LŽM  AMLFCAGB?
    $LRPCR?LRM CVGQRCKD?RMPCQBCPGQAMAMLFCAGBMQ?QQMAG?BMQFGNCPRCLQŽM

    2CBCLR?PGQKM
    2M@PCNCQMCM@CQGB?BC
    'CPCBGR?PGCB?BC GLAJSQGTC?LACQRP?JGB?BCP?AG?J
    2CVMK?QASJG​LM
    T?LMB?GB?BC
    2CLQG@GJGB?BC?MQ™BGM
    4QMBCBCPGT?BMQBMR?@?AM
    "MLQSKMCVACQQGTMBCŠJ​AMMJ
    $QRPCQQCNQGAMJ™EGAM
    #G?@CRCQ
    4RGJGX?ŽMBCAMLRP?ACNRGTMQMP?GQ
    &P?TGBCX
    '-.18- 8-??5G/-ed;0-<>1??d;->@1>5-80;-0A8@;19>1<;A?;

    ;0BB8J20sr> &A4BBr>B8BC{;820<<6 &A4BBr>380BC{;820<<6

    -MPK?J  


    /P FGNCPRCLQŽM ? ?
    'GNCPRCLQŽMBCCQRŠEGM ? ?
    'GNCPRCLQŽMBCCQRŠEGM  

    1CGKNPCQQ?AMKNCPKGQQŽMBC2CTCLRF1CNMPRMDRFC)MGLR-?RGML?J"MKKGRRCCML/PCTCLRGML #CRCARGML $T?JS?RGML


    ?LB3PC?RKCLRMD'GEF!JMMB/PCQQSPC'WNCPRCLQGML 

    1(0_$$46(4,$.2(4,)`4,&$
    4?5>k11BD5B91<@5B96lB931&AMLQGQRCL?NPCQCL?BC?RCPMQAJCPMQCL?AGPASJ?ŽMNCPGDPGA?.BCQCLTMJTGKCLRMBC
    # /QGKGJ?P?MB?# " # /KSGR?QTCXCQPCQSJR?CKBGKGLSGŽMBM¥SVMQ?LES”i CMN?P?MQKCK@PMQGLDCPGMPCQ
    MA?QGML?LBMPCBSŽMBMDMPLCAGKCLRMBCMVGE‘LGM DMPK?ŽMBCAMŠ​ESJMQQ?LES”​LCMQR?K@KSKQGLRMK?NPGKŠPGM
    BC# / QN?LRSPPGJF?QQŽMJMEM?DCR?B?Q NMPKRMB??NCPL?C?QLŠBCE?QR?K@KNMBCKQCP?AMKCRGB?Q # /A?SQ?
    BMPCKMS?K@MQMQKCK@PMQGLDCPGMPCQ?MBC?K@SJ?P NMPK CKECP?J BCQ?N?PCACAMKMPCNMSQM JESK?QNCQQM?Q
    AMK# /QCRMPL?KRŽMBCQAMLBGAGML?B?QOSC¤A?KAML¤L?B?QCKA?Q? CCKA?QMQEP?TCQ ?GQOSCKG?MAMPPC?RKCQKM
    CK PCNMSQM  M OSC PCOSCP AGPSPEG? C  BCNCLBCLBM B? EP?TGB?BC  ?KNSR?ŽM /CJM D?RM BC MQ KCA?LGQKMQ BM
    BCQCLTMJTGKCLRM ?RCPMQAJCP™RGAM L? NCPGDCPG?  GLAJSQGTC LMQ KCK@PMQ GLDCPGMPCQ  QCPCK MQ KCQKMQ B? # "  LŽM 
    QSPNPCCLBCLRC OSC MQ D?RMPCQ BC PGQAM N?P? ?K@MQ QCH?K QGKGJ?PCQ Q NCQOSGQ?Q R‘K PCTCJ?BM OSC SK NPMEP?K? BC
    CVCPA”AGMQ AMK A?KGLF?B? NMBC PCBSXGP ? BMP C ?SKCLR?P ? RMJCP‹LAG? ?M CVCPA”AGM LMQ NMPR?BMPCQ BC # / .
    RPCGL?KCLRM R?LRMPCQGQRGBMOS?LRM?CP™@GM ECP?JKCLRCNPCQAPGRMAMKMN?PRCBMRP?R?KCLRMBC# /

    ! 

    D5@6?​w2D42C5:@G2D4F=2C6DDv@2AC:?4:A2=42FD256>@CE6?@D+
    2E6C@D4=6C@D662CE6C:@D4=6C@D65@DG2D@D4@C@?sC:@DA@56>C6DF=E2C6>C6DA@DE2:D​BFy>:42:?72CE@5@>:@4sC5:@,@F&
    9:A6CE6?Dv@xF>72E@C564@?EC:3F:wv@A2C22E6C@D4=6C@D662CE6C:@D4=6C@D6

    L2E@C6D56C:D4@
    .Q61D?B5C45B9C3?@B9=gB9?C?E@B9>39@19CQŽM?OSCJCQDMPRCKCLRC?QQMAG?BMQ# "  KCPGA?L'C?PR QQMAG?RGML
    UUU?KCPGA?LFC?PRMPE  AJ?QQG¤A? MQ NPGLAGN?GQ D?RMPCQ BC PGQAM CK  A?RCEMPG?Q ?OSCJCQ OSC NMBCK QCP ?DCR?BMQ NMP
    KSB?L?QLMCQRGJMBCTGB?C?OSCJCQQM@PCMQOS?GQLŽMRCKMQAMLRPMJC.QD?RMPCQBCPGQAMNPGLAGN?GQGLAMLRPMJŠTCGQQŽM
    ?T?LMB?GB?BC QCVMK?QASJG​LMCFCPCBGR?PGCB?BC.?T?LMB?GB?BCSKD?RMPBCPGQAM NMGQJCT??LMQMS?RKCQKM
    BA?B?QN?P?OSC?# "QCBCQCLTMJT??ACPR?EP?TGB?BCCKOSCMQQGLRMK?QQCRMPL?K?N?PCLRCQ QQGK ACPA?BCB?Q
    NCQQM?Q OSC KMPPCK BC # " ?NPCQCLR?K  ?LMQ BC GB?BC MS K?GQ 2CP FMKCK  SK D?RMP BC PGQAM  NMGQ CK ECP?J MQ
    FMKCLQ?NPCQCLR?KPGQAMK?GQCJCT?BMBCGLD?PRMBMKGMAŠPBGMOSC?QKSJFCPCQCQŽM?AMKCRGBMQCKKMKCLRMK?GQACBM
    L?TGB?(QQMT?JCKCQKM?N™Q?KSJFCPCLRP?PL?D?QCB?KCLMN?SQ? OS?LBM?R?V?BCKMPRCBCAMPPCLRCBCBMCL​?QBM
    AMP?ŽM?SKCLR?N?P?CJ?Q K?Q?GLB?AML​RG​LS?KCLMPOSC?BMQFMKCLQ2CFŠFGQR™PG?BC# " GLD?PRMBMKGMAŠPBGMMS
    5$L?D?K”JG? MPGQAMBCBCQCLTMJTGKCLRMB?QKCQK?QBMCL​?QK?GMPJMEM ?FCPCBGR?PGCB?BCSKD?RMPBCPGQAM
    FCPCBGR?PGCB?BCR?K@KSKD?RMPBCPGQAM NMGQ AMKMHŠBGQASRGBM?LRCPGMPKCLRC ?JESK?QP??QBCKMLQRP?KPGQAMK?GQ
    ?JRMBCBMCL​?A?PB”?​A?CFGNCPRCLQŽMOSCMSRP?Q.QD?RMPCQBCPGQAMAMLRPMJŠTCGQNPGLAGN?GQ?QQMAG?BMQ?MAMKNMPR?KCLRM
    GLBCQCHŠTCJQŽM

    3?@?EGQKM
    /CP¤JJGN”BGAMQ?LES”
    i CM
    'GNCPRCLQŽM
    .@CQGB?BCCQM@PCNCQM
    #G?@CRCQKCJGRM
    2CBCLR?PGQKM
    .SRPMQD?RMPCQAMLRPMJŠTCGQOSCAMLRPG@SCKN?P?M?SKCLRMBMPGQAMBC# "GLAJSCKCQRPCQQCNQGAMJ™EGAMCAMLQSKM
    BCŠJ​AMMJ @CKAMKMBGCR?CLSRPGŽM.CQRPCQQCNQGAMJ™EGAMNMBCQCPSKD?RMPAMLRPG@SGLRCN?P?MPGQAMBC# " NMGQ
    NMBC?DCR?PMSRPMQD?RMPCQBCPGQAM/CQQM?QQM@CQRPCQQCNMBCKPC?EGPCV?ECP?B?KCLRCPCQSJR?LBMCK?SKCLRMBCNCQM
    AMKC?P?DSK?PMSDSK?PK?GQQCHŠDMPR?@?EGQR? $K@MP?MAMLQSKMKMBCP?BMBCŠJ​AMMJBC+9052+9052Kl
    BCTGLFMMSKlBCACPTCH? NMPBG?N?P?KSJFCPCQMS+9052:NMPBG?N?P?FMKCLQNMQQ?PCBSXGPMPGQAMA?PBGMT?QASJ?P
    ?GLECQRŽMCVACQQGT?BCŠJ​AMMJCJCT??NPCQQŽM?PRCPG?JCML”TCJBMQRPGEJGACP”BGMQQ?LES”​LCMQCAMLRPG@SGN?P??GLQS¤AG‘L^G?
    A?PB”?​A?  BGCR? AMK NMSA? EMPBSP? Q?RSP?B?  LŽM CVACQQGT? CK A?JMPG?Q RMR?GQ C OSC QSNPC RMBMQ MQ KGAPM C
    K?APMLSRPGCLRCQCQQCLAG?GQ?HSB??PCBSXGPMPGQAMBC# ".QD?RMPCQKCLAGML?BMQ CK@MP?AMLRPG@S?KN?P?MPGQAMBC
    # " LŽMQŽMAMLQGBCP?BMQD?RMPCQBCPGQAMNPGKŠPGMQ-?QCŽMQCESGLRC QCPŽMRP?R?BMQMQD?RMPCQBCPGQAMNPGLAGN?GQOSC
    NMBCKQCPBGPCR?KCLRC?DCR?BMQNCJ??RGTGB?BCD”QGA?

    (4=..,2b',&15$0*7b
    M(1
    .QJGN”BGMQ GLAJSQGTCAMJCQRCPMJCRPGEJGACP”BGMQ QŽMGLQMJžTCGQLMQ?LESC/?P?RMPLŠ JMQQMJžTCGQLMQ?LESCBCKMBMOSC
    NMQQ?KQCPRP?LQNMPR?BMQNMPRMBMMAMPNM MQJGN”BGMQQŽM?EPSN?BMQAMKNPMRC”​L?"9@?@B?D5o​>1PCDCPC QC?MQEPSNMQBC
    NPMRC”​L?Q C JGN”BGMQ CLAMLRP?BMQ LM Q?LESC . 3?<5CD5B?< <9714? i <9@?@B?D5o​>1 45 219H1 45>C94145 "" 
    NPMBSXGBM NCJM D”E?BM N?P? RP?LQNMPR?P AMJCQRCPMJ C RPGEJGACP”BGMQ N?P? MQ RCAGBMQ BM AMPNM N?P? OSC QCH?K SRGJGX?BMQ .
    D”E?BMR?K@KNPMBSXM3?<5CD5B?<<9714?i<9@?@B?D5o​>1451<D145>C94145" NMPKMNPMN™QGRMBM'#+ "
     RP?LQNMPR?P JGN”BGMQ B?Q AJSJ?Q BM AMPNM BC TMJR? ?M D”E?BM +#+ " C '#+ "  AMKM MQ NP™NPGMQ LMKCQ QSECPCK
    ?NPCQCLR?K BCLQGB?BCQ BGDCPCLRCQ  NPMRC”​L?  K?GQ BCLQ? OSC M JGN”BGM . +#+ " RCK BCLQGB?BC K?GQ @?GV? OSC M
    '#+ "  NMGQ AMLRK OS?LRGB?BCQ K?GQ ?JR?Q BC AMJCQRCPMJ C RPGEJGACP”BGMQ C KCLMPCQ OS?LRGB?BCQ BC NPMRC”​L?Q OSC M
    '#+ " KMJASJ?BCAMJCQRCPMJMSMRGNMBCAMJCQRCPMJLŽMBGDCPCCLRPCM+#+ "C'#+ "
     CJCT?ŽM BM AMJCQRCPMJ Q?LES”​LCM  M ?SKCLRM BM +#+ " C ? BGKGLSGŽM BM '#+ " QŽM ?QQMAG?BMQ ? PGQAM K?GQ
    CJCT?BMBC# "3?@CJ?  Q?JR?QAMLACLRP?CQBCAMJCQRCPMJC+#+ "QŽMPCJ?AGML?B?QAMKBCQCLTMJTGKCLRMBC
    ?RCPMQAJCPMQC NMGQCQRŽMCLTMJTGBMQL?DMPK?ŽMBCNJ?A?Q QCLBMBCNMQGR?BMQLCJ?Q.'#+ " CLRPCR?LRM LŽMRCLBC?QC
    ?ASKS​J?P L?Q NJ?A?Q  NMPR?LRM  ?JRMQ L”TCGQ BC '#+ " LŽM R‘K JGE?ŽM AMK M BCQCLTMJTGKCLRM BC ?RCPMQAJCPMQC
    JGNMNPMRC”​L?BCBCLQGB?BCKSGRM@?GV?5+#+ " R?K@KNPMBSXGB?NCJMD”E?BMCPCJ?AGML?B?AMK?SKCLRMBMPGQAM
    A?PBGMT?QASJ?P
     PCJ?ŽM CLRPC M AMJCQRCPMJ RMR?J C M '#+ " AMJCQRCPMJ RMR?J'#+ "  R?K@K  SQ?B? AMKM GLBGA?BMP BC PGQAM
    A?PBGMT?QASJ?P P?XŽM@?GV?GLBGA?RGT?BCPGQAMA?PBGMT?QASJ?PKCLMPCNMBCQCPPCQSJR?BMB?BGKGLSGŽMBMAMJCQRCPMJ
    RMR?J BM?SKCLRMBM'#+ "MSBC?K@MQ P?XŽMCLRPCMAMJCQRCPMJRMR?JCM'#+ "BCMSKCLMQGLBGA?@?GVMPGQAM
    CLOS?LRM?BCMSK?GQ?NMLR??JRMPGQAM#CQQCKMBM LŽM?NCL?QMQT?JMPCQBMAMJCQRCPMJC'#+ " AMKMR?K@KQS?Q
    PCJ?CQGLBGA?K?SKCLRMBMPGQAMBC# "

    '-.18-  !hB180;>5?/;0101/;>>1:@1012-@;>1?01>5?/;?181/5;:-0;?

    0C>A34A8B2> 08G>A8B2> ;6D<A8B2> (8B2>BtA8>

    /CP¤JJGN”BGAMQ?LES”
    i CM
    "MJCQRCPMJRMR?JKEãBlZ  ? 

    +#+ "KEãBlZ  ? 

    '#+ "KEãBlZ  ? 

    3PGEJGACP”BGMQKEãBlZ  ? 

    'GNCPRCLQŽMBCPCNMSQM
    /PCQQŽMQGQR™JGA?KK'E  ? 
    /PCQQŽMBG?QR™JGA?KK'E  ? 
    2M@PCNCQMCM@CQGB?BC(,":IEãKZ<  ?  

    &JGAMQCNJ?QKŠRGA?CKHCHSKKEãBlZ  ? 

    RGTGB?BCD”QGA?KGLãBG?ZKMBCP?B? ? ? 


    TGEMPMQ?L?K?GMPG?BMQBG?QB?QCK?L?

    1CGKNPCQQ?AMKNCPKGQQŽMB? KCPGA?L'C?PR QQMAG?RGMLUUU?KCPGA?LFC?PRMPE 

    ,2(46(05^1
    FGNCPRCLQŽMBCPCNMSQM?SKCLR?MRP?@?JFMC?QLCACQQGB?BCQBCMVGE‘LGMBMAMP?ŽMN?P?CHCR?PQ?LESCL?AGPASJ?ŽM
    NCPGDPGA?  FGNCPRCLQŽM R?K@K  ?QQMAG?B? ?M BCQCLTMJTGKCLRM BC ?RCPMQAJCPMQC C  AMLQCOSCLRCKCLRC  BC # "
    FGNCPRCLQŽMLŽM?NCL?Q?SKCLR??QLCACQQGB?BCQBCMVGE‘LGMBMAMP?ŽMCKPCNMSQM AMKMR?K@KPCQSJR?CKCJCT?ŽM
    B?NPCQQŽM?PRCPG?JCB?QLCACQQGB?BCQA?PB”?​A?QBCMVGE‘LGMBSP?LRCMCVCPA”AGM JKBGQQM R?K@KCQRŠ?QQMAG?B?# "
    MOSCBGKGLSGMDMPLCAGKCLRMBCMVGE‘LGMN?P?MRCAGBMA?PB”?​AM3MBMQCQQCQD?RMPCQNPMNGAG?KMGLD?PRMBMKGMAŠPBGM
    /MPR?LRM ?FGNCPRCLQŽMRCKPCJ?ŽMAMKBGTCPQMQD?RMPCQOSC?ACL​RS?KMPGQAMA?PBGMT?QASJ?P

    %(5,'$'((51%4(2(51
    . CVACQQM BC EMPBSP? AMPNMP?J TCP "?N”RSJM   PCQSJR?LBM CK M@CQGB?BC MS QM@PCNCQM ?SKCLR? M PGQAM BC GLD?PRM BM
    KGMAŠPBGMC 5$KCQKMOSCMSRPMQD?RMPCQBCPGQAMLŽMCQRCH?KNPCQCLRCQ K?QQ?AMPNMP?JK?GMP BCAMPPCLRCBMCVACQQM
    BCEMPBSP?LMAMPNM ?ACL​RS?MRP?@?JFMA?PB”?​AM CJCT??NPCQQŽM?PRCPG?JCML”TCJBCAMJCQRCPMJ PCBSXM'#+ "CRMPL?
    M BCQCLTMJTGKCLRM BC BG?@CRCQ KCJGRM K?GQ NPMTŠTCJ #CQQC KMBM  ? M@CQGB?BC C M QM@PCNCQM ?DCR?K MSRPMQ D?RMPCQ BC
    PGQAMGKNMPR?LRCQ ?SKCLR?LBMMPGQAMA?PBGMT?QASJ?PAMKMSKRMBMCMBCQCLTMJTGKCLRMBC# "$KECP?J ?M@CQGB?BC
    CMQM@PCNCQMNMBCKQCPBC¤LGBMQNCJM”LBGACBCK?QQ?AMPNMP?J(," -MCLR?LRM M(,"LŽMJCT?CKAMLQGBCP?ŽM?
    AMKNMQGŽMAMPNMP?JTCP"?N”RSJM 

    ,$%(6(5/(.,61
    .BG?@CRCQ?SKCLR?MPGQAMBCBCQCLTMJTGKCLRMBC# "CMPGQAMBCGLD?PRMBMKGMAŠPBGMMS 5$ KCQKMOSCMQL”TCGQ
    BC EJGAMQC Q?LES”​LC? CQRCH?K AMLRPMJ?BMQ NMP BGCR?  CVCPA”AGM MS BPME?Q 2C M L”TCJ B? EJGAMQC LM Q?LESC LŽM CQRŠ
    AMLRPMJ?BM  M PGQAM A?PBGMT?QASJ?P  ?GLB? K?GMP (QQM D?X AMK OSC NCJM KCLMQ  B?Q NCQQM?Q NMPR?BMP?Q BC BG?@CRCQ
    KMPP?KBC?JESKRGNMBCBMCL​?A?PB”?​A?MS​T?QASJ?P

    ('(06$4,5/1
    .QCBCLR?PGQKMSKGKNMPR?LRCD?RMPBCPGQAMBC# " ?RGTGB?BCD”QGA? NMPMSRPMJ?BM BGKGLSGMPGQAMBC# " NMGQ
    NPMKMTC KSGR?Q ?B?NR?CQ ¤QGMJ™EGA?Q NMQGRGT?Q OSC AMLRPMJ?K M QSPEGKCLRM CMS ? EP?TGB?BC B? # " ,SGR?Q
    ?B?NR?CQ ¤QGMJ™EGA?Q LM QGQRCK? AGPASJ?R™PGM C LMQ h žQASJMQ CQOSCJRGAMQ HŠ DMP?K BGQASRGB?Q LMQ A?N”RSJMQ ?LRCPGMPCQ
    OSGT?KMQLMQAMLACLRP?PL?Q?B?NR?CQOSC?DCR?KMQNPGLAGN?GQD?RMPCQBCPGQAMBC# "3?LRMMRPCGL?KCLRM?CP™@GM
    OS?LRM BC DMP? LŽM ?NCL?Q PCBSXCK ? NPM@?@GJGB?BC BC # "  AMKM R?K@K M PGQAM A?PBGMT?QASJ?P RMR?J 'MKCLQ OSC
    AMPPCKFNMPQCK?L? MSOSCJCT?LR?KNCQMKGLMSK?GQNMPQCK?L? MSOSCPCK?KNMPFMSK?GQQCK?L?JKCLRC
    BCKMLQRP?KPCBSŽMECP?JBMPGQAMA?PBGMT?QASJ?PBC C PCQNCARGT?KCLRC
    3?LRMMRPCGL?KCLRM?CP™@GMOS?LRMMPCQGQRGBMGL¥SCLAG?KBCK?LCGP?NMQGRGT?MNCP¤JJGN”BGAMQ?LES”L` M ?B?NR?ŽM
    K?GQAMKSKLMJGN”BGMQ?LES”​LCMBCAMPPCLRCBMRPCGL?KCLRM?CP™@GMMAMPPCLBMCKACPA?BCBMQCQRSBMQPC?​JG​X?BMQ
    QM@PCRPCGL?KCLRM ?CJCT?ŽMBC LML”TCJBC'#+ ""MKKCLMQDPC​OS‘LAG? MAMPPCKOSCB?Q?NPMVGK?B?QBC
     BM L”TCJ BM +#+ "  BC   BMQ RPGEJGACP”BGMQ C  QCK GKNMPR‹LAG? CQR?R”QRGA?  BM AMJCQRCPMJ RMR?J JRCP?CQ
    NMQGRGT?Q LM NCP¤J JGN”BGAM Q?LES”i CM MAMPPCK CK TGPRSBC BC ?JESLQ  K?Q LŽM BC RMBMQ  NPMEP?K?Q BC RPCGL?KCLRM AMK
    NCQM   /MP CVCKNJM  BSP?LRC  QCK?L?Q BC RPCGL?KCLRM PCQGQRGBM  KSJFCPCQ BC  ?LMQ BC GB?BC BCKMLQRP?P?K
    OSCB?QAMLQGBCPŠTCGQLML”TCJBCAMJCQRCPMJRMR?JBC LMBC+#+ "BCCL?PCJ?ŽMCLRPCMAMJCQRCPMJRMR?JCM
    '#+ "BC NMPKLCLFSK?KSB?L?QGELG¤A?RGT?LM'#+ "LCKLMQL”TCGQBCRPGEJGACP”BGMQ Q?JRCP?CQLM
    NCP¤J JGN”BGAM Q?LES” i CM NMBCK QCP K?GQ ?N?PCLRCQ OS?LBM M RPCGL?KCLRM  ?AMKN?LF?BM NMP MPGCLR?ŽM BGCRRGA? OSC
    CLD?RGX??BGKGLSGŽMB?EMPBSP?RMR?JCB?EMPBSP?Q?RSP?B?CM?SKCLRMB?GLECQRŽMBCEMPBSP?GLQ?RSP?B? QP?XCQ
    N?P??Q?JRCP?CQGLAMLQGQRCLRCQLMNCP¤JJGN”BGAMQ?LES” i CMBCAMPPCLRCQBMRPCGL?KCLRMGLAJSCK?QKCBGB?QGLGAG?GQBM
    JGN”BGM Q?LES”​LCM QC CQRŽM LMPK?GQ LM GL”AGM BM RPCGL?KCLRM  ?Q ?B?NR?CQ NMQGRGT?Q NMBCK QCP KCLMQ CTGBCLRCQ
    BSP?ŽM  GLRCLQGB?BC C TMJSKC BM NPMEP?K? BC RPCGL?KCLRM ,CQKM OSC ?Q KSB?L?Q LM NCP¤J JGN”BGAM Q?LES”i CM LŽM
    MAMPP?K AMK RMBMQ MQ NPMEP?K?Q BC RPCGL?KCLRM PCQGQRGBM C ?CP™@GM  ?ACGR? QC OSC ?K@MQ MQ RGNMQ BC NPMEP?K? QCH?K
    NMRCLAG?JKCLRCA?N?XCQBCA?SQ?PGKN?ARMQNMQGRGTMQQM@PCMNCP¤JJGN”BGAMC ?QQGK PCBSXGPMPGQAMBC# "
     KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC PCAMKCLB? OSC N?P? NPCTCLGP C RP?R?P ? FGNCPRCLQŽM  M RPCGL?KCLRM
    NPGLAGN?JKCLRCBC,5+<9(5*, LCACQQŠPGM AMKNJCKCLR?BMNCJMPCQGQRGBM4K?KCR? ?LŠJGQCKMQRP?OSCMQNPMEP?K?Q
    BCRPCGL?KCLRM?CP™@GMPCBSXCK?NPCQQŽM?PRCPG?JQGQR™JGA?CBG?QR™JGA?BCPCNMSQMCKKBG??KK'EC?KK'E
    PCQNCARGT?KCLRC #?KCQK?K?LCGP? SK?KCR? ?LŠJGQCPCTCJ?OSCMQNPMEP?K?QBCRPCGL?KCLRMPCQGQRGBMBGKGLSCK?
    NPCQQŽMQGQR™JGA?CBG?QR™JGA?BCPCNMSQMCKKBG?KK'E  QQGK R?LRMMRPCGL?KCLRM?CP™@GMOS?LRMMPCQGQRGBM
    AMLQCESCKPCBSXGP?NPCQQŽM?PRCPG?JBCPCNMSQMvGKNMPR?LRCM@QCPT?POSCCQQ?QPCBSCQNMBCKQCPK?GQ?N?PCLRCQL?Q
    NCQQM?QFGNCPRCLQ?QLMGL”AGMBMNPMEP?K?

    ! 
    %DAC:?4:A2:D72E@C6D56C:D4@42C5:@G2D4F=2C6D?v@4@?EC@=sG6:DDv@:52562G2?w252D6I@>2D4F=:​?@696C65:E2C:65256
    \6@ 9:A6CE6?Dv@ @36D:5256
    %D AC:?4:A2:D 72E@C6D 56 C:D4@ 42C5:@G2D4F=2C6D 4@?EC@=sG6:D Dv@ E2328:D>@ A6CL= =:A{5:4@ D2?8F{
    5:236E6D>6=:E@6D656?E2C:D>@
    2E:G:52567{D:42C65FJ@C:D4@42C5:@G2D4F=2C276E2?5@A@D:E:G2>6?E6E@5@D@D@FEC@D72E@C6D56C:D4@42C5:@G2D4F=2C6D4@?EC@=sG6:D

    . QM@PCNCQM C ? M@CQGB?BC CQRŽM CK NPMNMPCQ CNGB‘KGA?Q L? NMNSJ?ŽM LMPRC ?KCPGA?L? 3?LRM M RPCGL?KCLRM
    ?CP™@GM OS?LRM M PCQGQRGBM ?SKCLR?K M E?QRM A?J™PGAM BSP?LRC C ?N™Q M RPCGL?KCLRM TCP "?N”RSJM   .Q  RGNMQ BC
    RPCGL?KCLRMR?K@KNMBCKPCQSJR?PCKBGKGLSGŽMBMBCEMPBSP?AMPNMP?JC?SKCLRMB?K?QQ?K?EP? CQQCžJRGKM
    CQNCAG?JKCLRC ?N?PCLRC CK PCQNMQR? ?M RPCGL?KCLRM PCQGQRGBM #CQQ? K?LCGP?  MQ  RGNMQ BC RPCGL?KCLRM QŽM A?N?XCQ BC
    BGKGLSGP?M@CQGB?BC QM@PCRSBMNMPKCGMB?PCBSŽMB?EMPBSP?AMPNMP?J
    . BG?@CRCQ CJCT? BP?QRGA?KCLRC M PGQAM BC BCQCLTMJTGKCLRM BC # "  KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC
    PCAMKCLB?OSCR?LRMMRPCGL?KCLRM?CP™@GMOS?LRMMPCQGQRGBMBC@?GVMTMJSKCQCH?KPC?​JG​X?BMQN?P??HSB?P?K?LRCPM
    AMLRPMJCBMBG?@CRCQ.QRGNMQBCRPCGL?KCLRM   QŽMA?N?XCQBC?SKCLR?P?QCLQG@GJGB?BCGLQSJGL?CBCBGKGLSGP
    MQ L”TCGQ BC EJGAMQC CK HCHSK /MPR?LRM  MQ  RGNMQ BC RPCGL?KCLRM QŽM PCAMKCLB?BMQ NCJMQ CQNCAG?JGQR?Q CK Q?ž​BC N?P?
    ?HSB?P ? AMLRPMJ?P MQ L”TCGQ Q?LES”​LCMQ BC EJGAMQC JK BGQQM  NCQOSGQ?Q T‘K KMQRP?LBM OSC ? ?RGTGB?BC D”QGA? ?DCR? BC
    K?LCGP?NMQGRGT?NP?RGA?KCLRCRMBMQMQNPGLAGN?GQD?RMPCQBCPGQAMAMLRPMJŠTCGQBC# "

    DC>A8H0sr><t3820

    $K@MP? CLA?P?B? NMP ?JESLQ AMKM SK M@QRŠASJM ?M AMKCM BC SK NPMEP?K? BC CVCPA”AGMQ  ? ?SRMPGX?ŽM KBGA? 
    PCAMKCLB?B? ?LRCQ BC B?P GL”AGM  NPŠRGA? BC CVCPA”AGMQ v CQNCAG?JKCLRC GKNMPR?LRC N?P? ?OSCJCQ OSC ?NPCQCLR?K
    AMLRP?GLBGA?CQNPŠRGA?BCCVCPA”AGMQNCJ?QQCESGLRCQP?XCQ

    JESK?QNCQQM?Q?NPCQCLR?KQPG?QAMLRP?GLBGA?CQKBGA?Q?MCVCPA”AGMCLŽMBCTCKNP?RGAŠ JMBCKMBM?JESK
    "CPRMQGL​BG​T”​BSMQ?NPCQCLR?KPGQAMK?GQ?JRMBCBMCL​?Q AMKMBMCL​?A?PBGMT?QASJ?P CKP?XŽMBCGB?BC QGLRMK?Q
    MSD?RMPCQBCPGQAM BCTCLBMQCPQS@KCRGBMQ?MRCQRCBCCQDMPM?LRCQBCB?PGL”AGM?MNPMEP?K?BCCVCPA”AGMQ
    JESLQ?NPCQCLR?KBG?EL™QRGAMBCBCRCPKGL?B?QBMCL​?QCBCTCK?NCL?QQCCVCPAGR?PQM@QSNCPTGQŽMKBGA?
    QGLDMPK?CQM@RGB?QNCJ??T?JG?ŽMKBGA?QŽMžRCGQL?NPCQAPGŽMBMRGNM?NPMNPG?BMBCCVCPA”AGM
    JESK?QKCBGB?QAJ”LGA?Q AMKMNPCQQŽM?PRCPG?J NCP¤JJGN”BGAMQ?LES”i CMCAMKNMQGŽMAMPNMP?J NMBCKQCPSQ?B?Q
    N?P?CQR?@CJCACPMCQR?BMBCQ?ž​BCGLGAG?JCBCRCPKGL?PMNPMEPCQQMBMCQR?BMBCQ?ž​BC
    /?P? ?JESK?Q NCQQM?Q  ?Q KCBGB?Q AJ”LGA?Q BM CQR?BM BC Q?ž​BC NMBCK QCP KMRGT?AGML?GQ C ?SKCLR?K ? ?BCQŽM ?M
    NPMEP?K?BCCVCPA”AGMQ
    T?JG?CQKBGA?QNCPG™​BGA?QQŽMžRCGQN?P?MBG?EL™QRGAMNPCAMACBCBMCL​?Q AMKMBMCL​?A?PBGMT?QASJ?P A‹LACPC
    BG?@CRCQ OS?LBM?QAF?LACQBCQSACQQMBMRP?R?KCLRMQŽM?QK?GQ?JR?Q

    G2=:2wv@>x5:42
    &CP?JKCLRC ?ACGRMOSCKSGR?QNCQQM?QQCBCLRŠPG?Q?N?PCLRCKCLRCQ?SBŠTCGQNMQQ?KAMKC?PSKNPMEP?K?BCCVCPA”AGM
    BC GLRCLQGB?BC @?GV? ? KMBCP?B? QCK ?T?JG?ŽM KBGA? ?@P?LECLRC JK BGQQM  ?GLB? LŽM DMG KMQRP?BM BC K?LCGP?
    AMLAJSQGT?OSC??T?JG?ŽMKBGA?PCBSXMQPGQAMQBCAMPPCLRCQBMCVCPA”AGM/MPGQQM DMP?KBCQCLTMJTGB?QPCAMKCLB?CQ
    N?P?GBCLRG¤A?P?QNCQQM?QOSCNPCAGQ?KQCQS@KCRCP?T?JG?ŽMKBGA??LRCQBCAMKC?P?QCCVCPAGR?P.QGL​BG​T”​BSMQ
    AMLQGBCP?BMQCKPGQAMKMBCP?BM??JRMBCTCKQCPQS@KCRGBMQ?T?JG?ŽMKBGA??LRCQBMCVCPA”AGM#MGQMSK?GQD?RMPCQ
    BCPGQAMBC# "GLBGA?KPGQAMKMBCP?BM3?@CJ? CLOS?LRMMSK?GQQGL?GQMSQGLRMK?QBCBMCL​?A?PBGMT?QASJ?P
    NSJKML?PMSKCR?@™JGA??NMLR?K?JRMPGQAM!MVC   KCPGA?L"MJJCECMD2NMPRQ,CBGAGLCNS@JGAMSSK?BCQAPGŽM
    @?QR?LRC BCR?JF?B? BMQ NPMACBGKCLRMQ B? ?T?JG?ŽM C BMQ RCQRCQ KBGAMQ  ? OS?J NPCAGQ? QCP AMLQSJR?B? N?P? BCRCPKGL?P
    OSCKBCTCQCPQS@KCRGBM?T?JG?ŽMKBGA?AMKNJCR??LRCQBCB?PGL”AGM?MNPMEP?K?BCCVCPA”AGMQCOS?GQRCQRCQBCTCK
    QCPGLAJS”​BMQLCQQ??T?JG?ŽM

    '-.18- 
    -@;>1?01>5?/;01=A15:05/-9:1/1??50-0101-A@;>5E-ed;9f05/-

    0C>A4B34A8B2>?>B8C8E>B A8CtA8>B

    'GQR™PG?D?KGJG?P (LD?PRMBMKGMAŠPBGM PCT?QASJ?PGX?ŽMAMPMLŠPG?MSKMPRCQž@GR??LRCQ


    BMQ?LMQBCGB?BCBCN?GMSMSRPMN?PCLRCBCMEP?SBMQCVM
    K?QASJG​LM MS?LRCQBMQ?LMQBCGB?BCBCKŽCMSMSRPMN?PCLRCBC
    MEP?SBMQCVMDCKGLGLM
    3?@?EGQKM %SK?LRC?RS?JBCAGE?PPMMS?OSCJCQOSCN?P?P?KLMQžJRGKMQKCQCQ
    'GNCPRCLQŽM /PCQQŽM?PRCPG?JQGQR™JGA?KK'EMSNPCQQŽMBG?QR™JGA?
    KK'EAML¤PK?B?NMPKCBGB?QCKNCJMKCLMQMA?QGCQQCN?P?B?Q
    MSQM@KCBGA?ŽM?LRG FGNCPRCLQGT?
    #GQJGNGBCKG? +#+ "KEãBlZ KKMJãlZ MS'#+ "KEãBlZ 
    KKMJãlZ MSCKKCBGA?ŽMBCPCBSŽMBCJGN”BGM2CMT?JMPBC
    AMJCQRCPMJQPGAMRMR?JDMPMžLGAMN?P‹KCRPMBGQNML”TCJ SQC
    KEãBlZ KKMJãlZ CKTCXBC+#+KEãBlZ
    "MKNPMKCRGKCLRMB?EJGAMQCCKPCNMSQM &JGAMQCQ?LES”​LC?CKPCNMSQMKEãBlZ KKMJãlZ AML¤PK?B?
    NMPKCBGB?QBCNCJMKCLMQMA?QGCQQCN?P?B?Q
    .@CQGB?BC (,"IEK AGPASLDCP‘LAG??@BMKGL?JAKN?P?FMKCLQC
    AKN?P?KSJFCPCQ MSPCJ?ŽMAGLRSP?OS?BPGJ N?P?FMKCLQC
     N?P?KSJFCPCQ
    $QRGJMBCTGB?QCBCLRŠPGM /CQQM?QOSCLŽMN?PRGAGN?KBCSKNPMEP?K?PCESJ?PBCCVCPA”AGMMS
    OSCLŽM?RCLBCKQPCAMKCLB?CQK”LGK?QBCNPŠRGA?BC?RGTGB?BC
    D”QGA?KGLãBG?Z BM422SPECML&CLCP?JQ1CNMPR
    0C>A34A8B2>=460C8E> A8CtA8>B
    '#+ "QPGAMCJCT?BM KEãBlZ KKMJãlZ

    .@QCPT?CQvAMKSKQMK?PD?RMPCQBCPGQAMLMQHSJE?KCLRMQAJ”LGAMQ2CM'#+CQRGTCPCJCT?BM QS@RP?G?D?RMPBC
    PGQAMB?QMK?BMQD?RMPCQBCPGQAMNMQGRGTMQ NMGQM'#+?JRMPCBSXMPGQAMBC# "
    B?NR?B?AMKNCPKGQQŽMBC KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC "2,Q&SGBCJGLCQDMP$VCPAGQC?LB/PCQAPGNRGMLRF
    CB/FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ

    =6EC@42C5:@8C2>2
    .5<5DB?31B49?7B1=1 CV?KCOSCKCBC?AMLBSRGTGB?BCCJRPGA?A?PB”?​A? SQ?BMN?P?BCRCPKGL?PMPGRKMA?PB”?​
    AM MS ? AMLRP?ŽM C M PCJ?V?KCLRM BM AMP?ŽM  AMLBSRGTGB?BC CJRPGA? AMLQRGRSG M KMTGKCLRM BMQ ”M​LQ BSP?LRC ?
    AMLRP?ŽM C M PCJ?V?KCLRM BM RCAGBM A?PB”?​AM %GESP?   . $"& LMPK?J AMLQGQRC CK AMLRP?ŽM ?RPG?J MLB? /
    AMLRP?ŽM TCL​RPGAS​J?P AMKNJCVM 012  C PCJ?V?KCLRM TCL​RPGAS​J?P MLB? 3  . PCJ?V?KCLRM BMQ ŠRPGMQ MAMPPC BSP?LRC ?
    AMLRP?ŽM BMQ TCL​RP”ASJMQ C  NMP GQQM  ECP?JKCLRC LŽM  M@QCPT?BM LM $"&  AMK@GL?ŽM BC ?JRSP? C CVRCLQŽM ​ŠPC?
    ?@?GVM B? ASPT?  BC SK? MLB? GLBGA? ? OS?LRGB?BC RMR?J BC ”M​LQ CK KMTGKCLRM  NMPR?LRM  ? OS?LRGB?BC RMR?J BC RCAGBM
    A?PB”?​AM OSC QC AMLRP?G MS PCJ?V? $QQC  M KMRGTM NCJM OS?J M AMKNJCVM 012  OSC PCNPCQCLR? ? AMLRP?ŽM TCL​RPGAS​J?P
    K?GQK?QQ?​KSQASJ?P K?GQ?JRMOSC?MLB?/ OSCPCRP?R??AMLRP?ŽM?RPG?JKCLMQK?QQ?​KSQASJ?P $QQ?R?K@K?
    P?XŽMNCJ?OS?JQCMRPCGL?KCLRMD”QGAMPCQSJR?CKFGNCPRPM¤?TCL oPGASg?PTCP"?N”RSJM MAMKNJCVM012QCRMPL?K?GQ
    ?JRM BGQR‹LAG?FMPGXMLR?JBCSK?MLB?MS?BGQR‹LAG?FMPGXMLR?JCLRPCMLB?QGLBGA?RCKNM-M$"&LMPK?J NMBC QC
    M@QCPT?POSC?AMLRP?ŽMTCL​RPGAS​J?PJCT?KCLMQRCKNMOSCMPCJ?V?KCLRMTCL​RPGAS​J?PMAMKNJCVM012LŽMRŽMJ?PEM
    OS?LRM?MLB?3  BGQR‹LAG?FMPGXMLR?JCLRPCM¤L?JB?MLB?/CMAMKCMBMAMKNJCVM012GLBGA?MRCKNMCLRPCM¤K
    B? AMLRP?ŽM ?RPG?J C M AMKCM B? AMLRP?ŽM TCL​RPGAS​J?P $QQC RCKNM  AMLRPMJ?BM NCJM LMBM ?RPGMTCL​RPGAS​J?P  5  TCP
    "?N”RSJM NMPR?LRMGLBGA?QCMLMBM 5CQRŠK?LRCLBMMGKNSJQMN?P??AMLRP?ŽMTCL​RPGAS​J?PK?GQASPRMMSK?GQJMLEM
    OSCMLMPK?J
    .$"&SKGLRCEP?LRCAMKSKBMRCQRCBCCQDMPMEP?BS?BM MOS?JD?XN?PRCB??T?JG?ŽMKBGA?PC?​JG​X?B??LRCQBM
    CVCPA”AGM%GESP? #SP?LRCCQQCCV?KC ?TCJMAGB?BCC?CJCT?ŽMB?CQRCGP?CJRPGA?MS?A?PE?BCRP?@?JFML?@GAGAJCR?
    CPEMKRPGA? ?SKCLR?K EP?B?RGT?KCLRC #SP?LRC M RCQRC  M $"& C ? NPCQQŽM ?PRCPG?J QŽM M@QCPT?BMQ OS?LRM Q PCNMQR?Q
    ?LMPK?GQ?MCVCPA”AGM
    /MQQ”TCGQ?LMPK?JGB?BCQLM$"&GLAJSCK?PPGRKG?QA?PB”?​A?QPGRKMA?PB”?​AMGPPCESJ?P CBCNPCQQŽMBMQCEKCLRM2 3
    %GESP? ,SGR?QNMPCQBM$"&QŽMBCLMR?B?QNCJ?QJCRP?QOSCPCNPCQCLR?K?QDMPK?QB?QMLB?QA?PB”?​A?Q QQGK M
    QCEKCLRM23AMKC??M¤L?JBMAMKNJCVM012CRCPKGL?LMGL”AGMB?MLB?3.QCEKCLRM23LMPK?JKCLRCPCRMMS
    FMPGXMLR?J2C?GLAJGL?ŽMBMQCEKCLRM23?NPCQCLR? QCKKMSK?GQ?@?GVMMS?AGK?B?JGLF?GQMCJRPGA?NMPKQMS
    K?GQ GLBGA? QSNPGKCLRM Q?LES”​LCM GLQS¤AGCLRC N?P? M RCAGBM A?PB”?^M MS GQOSCKG? KGMAŠPBGA? /MP QS? TCX  ? GQOSCKG?
    KGMAŠPBGA??NMLR?NPCQCL?BC# "
    !&  -, 
    :16+18)1;;16)1;-;16<75);;=/-;<1>7;,-,7-6​d)+):,17>);+=4):
    8=4576):7=5-<)*l41+)

    #MP MS BCQAMLDMPRM MS MSRPM COSGT?JCLRC BC ?LEGL?  LM R™P?V  LM NCQAMM  LMQ @P?MQ MS CK MSRP?Q ​ŠPC?Q
    PCQSJR?LRCBCGQOSCKG?
    @PCTG?KCLRMB?PCQNGP?ŽMCKPCNMSQMMS?MJCTCCQDMPM
    3MLRSP?MSQ”LAMNC
    .PRMNLCG?D?JR?BC?P?JGTG?B?NCJ?NMQGŽMQCLR?B? MSBGQNLCG?N?PMV”QRGA?LMRSPL?
    $BCK?BCRMPLMXCJM
    /?JNGR?CQMSR?OSGA?PBG?
    "J?SBGA?ŽMGLRCPKGRCLRC
    2MNPMA?PB”?​AMAMLFCAGBM
    %?BGE?MS?NLCG?GLAMKSKAMK?Q?RGTGB?BCQSQS?GQ

    $QQCQQGL?GQMSQGLRMK?QBCTCKQCPGLRCPNPCR?BMQBC?AMPBMAMKMAMLRCVRMAJ”LGAMLMOS?JQCGLQCPCK NMGQLCK
    RMBMQQŽMCQNCA”¤AMQBCBMCL≠?A?PBGMT?QASJ?P NSJKML?PMSKCR?@™JGA?
    B?NR?BMAMKNCPKGQQŽMBC KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC "2,Q&SGBCJGLCQDMP$VCPAGQC?LB/PCQAPGNRGML RFCB
    /FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ
    86DA0  <>A5>;>68030B>=30B=>A4?A4B4=C002>=CA0sr>4>A4;0G0<4=C>3>BoCA8>B4E4=​CAw2D;>B
     =IG<CH;‹ŠI >? ;FNOL; ? F;LAOL; ​†L?; >?<;CRI >; =OLP; ?RJL?MM; I GIPCG?HNI C–HC=I NIN;F ?
     JILN;HNI
     ;
    KO;HNC>;>? NIN;F >? ​GšM=OFI =;L>;​=I ?G =IHNL;‹ŠI IO L?F;R;G?HNI   F;LAOL; BILCTIHN;F L?JL?M?HN; I N?GJI
    FAOG;MJIL‹™?M>I" $MŠILINOF;>;MOM;H>I;MF?NL;MKO?L?JL?M?HN;G;M@ILG;M>;MIH>;M>;=IHNL;‹ŠI;NLC;F

    >;=IHNL;‹ŠIP?H​NLC=O​F;L?>IL?F;R;G?HNIP?H​NLC=O​F;L >;JN;>;>?+OLMCHA-LI=?>OL?M
    NB?> G<F?L)CJJCH=INN
    4CFFC;GM4CFECHM 

    NPCQQŽM?PRCPG?JQCCJCT?BSP?LRCOS?JOSCP?RGTGB?BCD”QGA? GLAJSQGTCBSP?LRCMRCQRCBCCQDMPMEP?BS?BM$LRPCR?LRM
    ?SKCLRMQ?LMPK?GQL?NPCQQŽMQGQR™JGA?MSBG?QR™JGA? MSL?QBS?Q QSECPCKNPCQCL?BC# "#SP?LRCMRCQRCBCCQDMPM
    EP?BS?BM ?COSGNCKBGA?BCTCAMLTCPQ?PAMK?NCQQM?OSCCQRŠPC?​JG​X?LBMMCV?KCCM@QCPT?P?K?LGDCQR?ŽMBCMSRPMQ
    QGL?GQCQGLRMK?QBSP?LRCC?N™QMRCQRCOSCQCH?KGLBGA?RGTMQBCBMCL​?A?PBGMT?QASJ?P NSJKML?PMSKCR?@™JGA? AMKM
    BGQNLCG? RMLRSP? ?LEGL?BMPLMR™P?V MSBMPLMNCQAMM L?K?LB”@SJ?MSLMQ@P?MQ$QQCQQGL?GQCQGLRMK?QNMBCK
    AMLBSXGPGLRCPPSNŽMBMCV?KC
    $K@MP?M$"&NMQQ?GLBGA?P# " MRCQRCLŽMNPCAGQM.QPCQSJR?BMQBM$"&GBCLRG¤A?KAMPPCR?KCLRCACPA?
    BC  B?Q NCQQM?Q AMK # "  CLOS?LRM ACPA? BC  OSC PC?JKCLRC ?NPCQCLR?K # " LŽM QŽM BG?ELMQRGA?BMQ AMK ?
    BMCL​?$QQ?QGKNPCAGQCQQŽM?QP?XCQNCJ?QOS?GQLŽMQCPCAMKCLB?OSCFMKCLQAMKKCLMQBC?LMQBCGB?BCC
    KSJFCPCQ AMK KCLMQ BC  ?LMQ QCH?K QS@KCRGBMQ ?M RCQRC BC CQDMPM EP?BS?BM ?LRCQ BC B?P GL”AGM ? SK NPMEP?K? BC
    CVCPA”AGMQ CVACRMCKA?QMQBCPGQAMKMBCP?BMMS?JRMB?BMCL​? # "JCT??LMQN?P?QCBCQCLTMJTCP C NMPGQQM KSGRM
    K?GQNPMTŠTCJ?N™Q?QGB?BCQKCLAGML?B?Q
    86DA0 DA0=C4D<C4BC4344B5>As>6A03D03>D<t64A0;<4=C4<>=8C>A03>/?MJIMN;M;HILG;CMHI
    " $JI>?GL?NL;N;L;JL?M?H‹;>?;FAOG;>I?H​‹;
    86DA0 34?A4BBr>3>B46<4=C>)*8=3820+I" $HILG;F
    IM?AG?HNI01ŒL?NI >?JL?MMŠI
    >IM?AG?HNI01CH>C=;CMKO?GC;GCI=†L>C=;>?=ILL?HN?>;JL?M?H‹;>?!

    8A4CA8H4B?0A0>CA48=0<4=C>04A{18>

    QBGPCRPGXCQBMRPCGL?KCLRM?CP™@GMDMP?KBCQCLTMJTGB?QN?P??SKCLR?P?QA?N?AGB?BCQ?CP™@G?QBCNCQQM?QAMKNMSA?MS
    LCLFSK?FGQR™PG?BCNPŠRGA?BCCVCPA”AGMBC,5+<9(5*,#CTCKMQM@QCPT?POSC KCJFMP?LBMMAMLBGAGML?KCLRM?CP™@GM MQ
    @CLCD”AGMQ N?P? ? Q?ž​BC Z AMKM NPMRCŽM AMLRP? BMCL​? A?PBGMT?QASJ?P  MQRCM​NMPMQC C ACPRMQ A‹LACPCQ Z R?K@K QCPŽM
    ?ASKS​J?BMQ$LRPCR?LRM ?QBGPCRPGXCQ?QCESGPLŽMQŽM?NPMNPG?B?QN?P?GL​BG​T”​BSMQASHMNPGLAGN?JGLRCPCQQCKCJFMP?PM
    CQR?BM B? Q?ž​BC AMK AMKNPMKGQQM ?NCL?Q K”LGKM AMK M RPCGL?KCLRM D”QGAM CQQCQ NPMEP?K?Q TMJR?BMQ  Q?ž​BC BCTCK
    GLAJSGP  KGL NMP BG? Z CK žLGA? QCQQŽM MS ? QMK? BC  QCQQCQ Z AMK ?RGTGB?BC BC GLRCLQGB?BC KMBCP?B?  AMKM
    A?KGLF?B? PŠNGB?  L? K?GMPG? BMQ BG?Q B? QCK?L?  OS?LBM LŽM CK RMBMQ  -CLFSK? BCJ?Q  ?NJGAŠTCJ CK ?RJCR?Q BC
    ,5+<9(5*, AMKNCRGRGTMQ OSC HŠ ?NPCQCLR?K ?JRMQ L”TCGQ BC AMLBGAGML?KCLRM $QQ?Q BGPCRPGXCQ NMBCK  LM CLR?LRM  QCP
    ?NJGAŠTCGQ??RJCR?QBCDMP?CNMR‘LAG? AMKMMQJCT?LR?BMPCQBCNCQMMJ”KNGAMQC?PPCKCQQ?BMPCQBCNCQM MQOS?GQBCQCH?K
    K?LRCP ?JESK L”TCJ BC AMLBGAGML?KCLRM ?CP™@GM C PCBSXGP ? EMPBSP? AMPNMP?J  M OSC NMBC RCP CDCGRM LCE?RGTM QM@PC M
    BCQCKNCLFMNCV PCBSŽMB?TCJMAGB?BC BGKGLSGŽMB?NPMBSŽMBCNMR‘LAG?TCPRGA?J 

    ! 

    2G2=:2wv@>x5:422?E6D5652C:?{4:@2F>AC@8C2>2566I6C4{4:@DxC64@>6?5252A2C29@>6?D24:>25@D2?@D56:52566
    >F=96C6D24:>25@D6A2C22BF6=6D4@>D:?2:D6D:?E@>2D565@6?​w2D42C5:@G2D4F=2C6D@F@FEC2D
    %  C6AC6D6?E2 2 4@?5FE:G:5256 6=xEC:42 5@ E64:5@ 42C5{2​4@ 6 A@56 D6C FD25@ A2C2 56E6C>:?2C @ C:E>@ 42C5{2​4@ 36> 4@>@ 2
    7F?wv@42C5{2​422?@C>2=
    NPCQAPGŽMBMCVCPA”AGM?CP™@GMCLTMJTCAMKNMLCLRCQ@ŠQGAMQ
     3GNMBCCVCPA”AGM
     #SP?ŽMBCA?B?QCQQŽM
     %PC​OS‘LAG?BMRPCGL?KCLRM
     (LRCLQGB?BCBMCVCPA”AGM
    .JGKGRCGLDCPGMPBMQžJRGKMQAMKNMLCLRCQBC¤LCMJGKG?PK”LGKM MS?KCLMPBSP?ŽM DPC l S‘LAG?CGLRCLQGB?BCBM
    CVCPA”AGM ?OS?JNPCAGQ?QCP?JA?L?B?N?P?NPMKMTCPE?LFMQLMAMLBGAGML?KCLRM?CP™@GM,CQKMOSCSKJGKG?PK”LGKM
    QCH? B?BM  CVGQRC SK? T?PG?ŽM GL​BG​TG​BS?J AMLQGBCPŠTCJ LCQQC JGKG?P  LCACQQŠPG? N?P? NPMBSXGP MQ E?LFMQ CK
    AMLBGAGML?KCLRM?CP™@GM QQGK MQJGKG?PCQK”LGKMQT?PG?KBCNCQQM?N?P?NCQQM? MOSCQGELG¤A?OSCCK@MP??JESK?Q
    NCQQM?QNMQQ?KKCJFMP?PMAMLBGAGML?KCLRM?CP™@GMQCCVCPAGR?LBMKCLMQOSCMQSECPGBM?OSG MSRP?QNPCAGQ?KCVACBCP
    MJGKG?PK”LGKMBCCVCPA”AGMCQR?@CJCAGBMN?P??RGLEGPMM@HCRGTM$ AMLDMPKCMAMLBGAGML?KCLRM?CP™@GMKCJFMP? @CK
    NPMTŠTCJ R?K@K OSC M JGKG?P K”LGKM NPCQAPGRM NPCAGQC QCP SJRP?N?QQ?BM N?P? B?P AMLRGLSGB?BC ?MQ E?LFMQ CK
    AMLBGAGML?KCLRM?CP™@GM"MKMHŠKCLAGML?BM?LRCPGMPKCLRC ?QBGPCRPGXCQB?OSCJCQGLRCPCQQ?BMQ?NCL?QLMQ@CLCD”AGMQ
    N?P??Q?ž​BC AMKGLTCQRGKCLRMK”LGKMLMNPMEP?K?BCCVCPA”AGM QŽMKCLMQPM@SQR?Q$QNCAG¤A?KCLRC SKNPMEP?K?BC
    CVCPA”AGMQN?P?NPMKMŽMB?Q?ž​BCBCTCCLEJM@?PKGLBC?RGTGB?BCD”QGA?BCGLRCLQGB?BCKMBCP?B?AMKMA?KGLF?B?
    PŠNGB? L?K?GMPG?BMQBG?QB?QCK?L? OS?LBMLŽMCKRMBMQ.QKGLNMBCKQCPRMR?JGX?BMQCKQCQQŽMžLGA?MS?ASKS​
    J?BMQCKQCQQCQBGŠ​PG?Q@PCTCQ

    +:A@566I6C4{4:@
    #GDCPCLRCQRGNMQBCCVCPA”AGM?CP™@GMNPMKMTCKE?LFMQCKAMLBGAGML?KCLRM?CP™@GMQGKGJ?PCQ QCLBMOSCRMBMQMQRGNMQ
    LMPK?JKCLRCCLTMJTCKEP?LBCQEPSNMQ​KSQASJ?​PCQ QQGK MQCVCPA”AGMQBCQAPGRMQAMKK?GQDPC​OS‘LAG?QŽM

    3PMRC
    "MPPGB?
    "GAJGQKM
    705505.
    ,ŠOSGL?QCJ”NRGA?Q
    -?R?ŽM
    #?L??CP™@G?
    1CKM

    .RGNMBCCVCPA”AGMQCJCAGML?BMBCTCQCPNP?XCPMQM2C?NCQQM?EMQR?BMCVCPA”AGM NPMT?TCJKCLRCT?GAMLQCESGPAML​RG​
    LS?PNP?RGA?LBM M?MJMLEMB?TGB? NPŠRGA?AML​R”​LS?BCCVCPA”AGMGKNMPR?LRC NMGQ GLBCNCLBCLRCKCLRCB?GB?BCBM
    GL​BG​T”​BSM ?GLRCPPSNŽMBMCVCPA”AGMPCQSJR?CKNCPB?BMQE?LFMQLMAMLBGAGML?KCLRM.SRPMRGNMNMNSJ?PZMSKMBMZ
    BC CVCPA”AGM  M APMQQ RP?GLGLE  MS GLAJSQŽM BC TŠPGMQ RGNMQ BC CVCPA”AGMQ ?CP™@GMQ LM NPMEP?K? BC RPCGL?KCLRM . *96::
    ;9(0505. NMBC QCP TŠJGBM N?P? K?LRCP ? KMRGT?ŽM N?P? ? NPŠRGA? BM CVCPA”AGM C KGLGKGX?P ? AF?LAC BC JCQŽM NMP SQM
    CVACQQGTM JKBGQQM BCTGBMQ?JRCP?CQAJGKŠRGA?QQ?XML?GQ AMLBGCQBMAJGK?CRCKNM?RAFCE?P?A?BCKG? ?NPŠRGA?
    BCTŠPGMQRGNMQBC?RGTGB?BCD?AGJGR???BCQŽM?MNPMEP?K?BCCVCPA”AGMQ

    FC2wv@564252D6DDv@
    &?LFMQ QGKGJ?PCQ CK AMLBGAGML?KCLRM ?CP™@GM QŽM ?JA?L?BMQ AMK QCQQCQ BC CVCPA”AGM BC ASPR? BSP?ŽM C ?JR?
    GLRCLQGB?BC C BC JMLE? BSP?ŽM C @?GV? GLRCLQGB?BC  BCQBC OSC MQ JGKG?PCQ K”LGKMQ BC DPC​OS‘LAG? C GLRCLQGB?BC QCH?K
    ?RCLBGBMQ#CQQCKMBM TŠPG?QQCQQCQASPR?QBCCVCPA”AGM AMKMBCKGL MSQCQQŽMJMLE?BCKGLPCQSJR?KCK
    E?LFMQ QGKGJ?PCQ LM AMLBGAGML?KCLRM $LRPCR?LRM  QCQQCQ K?GQ JMLE?Q BC GLRCLQGB?BC KMBCP?B? QŽM ECP?JKCLRC
    PCAMKCLB?B?QN?P??K?GMPG?BMQ?BSJRMQ NMGQMQCVCPA”AGMQBC?JR?GLRCLQGB?BCQŽM?QQMAG?BMQ?PGQAMA?PBGMT?QASJ?PK?GQ
    ?JRM  K?GQ AF?LACQ BC JCQŽM MPRMNBGA? C ?BCQŽM KCLMP ?M RPCGL?KCLRM BM OSC M CVCPA”AGM BC GLRCLQGB?BC KMBCP?B?
    QQGK ?BSP?ŽMK”LGK?BMJGKG?PBC?KGLNMPQCQQŽM

    C6​BFy?4:25@EC6:?2>6?E@
    .JGKG?PK”LGKMN?P?DPC​OS‘LAG?TCXCQQCK?L? K?GMPG?BMQ?SKCLRMQLMNGAMBMAMLQSKMBCMVGE‘LGMMAMPPC
    AMK?DPC​OS‘LAG?BCBG?QNMPQCK?L? C?DPC​OS‘LAG?K?GQ?JR?BC?RBG?QQCK?L?GQNPMKMTCKCJFMP?B?QA?N?AGB?BCQ
    ?CP™@G?Q $LRPCR?LRM  M RCKNM ?BGAGML?J E?QRM LM RPCGL?KCLRM N?P? ?RGLEGP SK JGECGPM ?SKCLRM LM NGAM BM AMLQSKM BC
    MVGE‘LGMPCJ?RGTMDPC​OS‘LAG?BCBG?QNMPQCK?L?NMBCLŽMQCPGKNMPR?LRCN?P??JESK?QNCQQM?Q2CMM@HCRGTMNPGLAGN?J
    BMRPCGL?KCLRMDMP?PCBSŽMBCEMPBSP?AMPNMP?J QCQQCQBCRPCGL?KCLRMCVRP?QAMKM@HCRGTMBCCJCT?PME?QRMA?J™PGAM
    NMBCK QCP @CL¤A?Q $K@MP? MQ ?RJCR?Q BC ,5+<9(5*, NMQQ?K RPCGL?P K?GQ BC  BG?Q NMP QCK?L? N?P? ?BOSGPGP NCOSCLMQ
    E?LFMQ ?BGAGML?GQ LM AMLBGAGML?KCLRM ?CP™@GM  ?Q DPC​OS‘LAG?Q BC RPCGL?KCLRM QSNCPGMPCQ ?  BG?Q QCK?L?GQ ?ACL​RS?K ?
    GLAGB‘LAG?BCJCQŽM

    ?E6?D:52565@6I6C4{4:@
    GLRCLQGB?BCMSML”TCJBCCQRPCQQCBMCVCPA”AGM?T?​PGŠ​TCJBCRPCGL?KCLRMK?GQGKNMPR?LRCN?P?NPMKMTCP?KCJFMP?BM
    AMLBGAGML?KCLRM?CP™@GM.JGKG?PBCGLRCLQGB?BCK”LGKMBC?B?DPC​OS‘LAG?A?PB”?​A?KŠVGK?%"K?V $QQ?
    T?PG?ŽM  @?​QC?​B? L? T?PG?@GJGB?BC GL​BG​TG​BS?J B? GLRCLQGB?BC BM CVCPA”AGM LCACQQŠPG? N?P? NPMBSXGP MQ E?LFMQ CK
    AMLBGAGML?KCLRM ?CP™@GM OSCJCQ AMK @?GVM AMLBGAGML?KCLRM ?CP™@GM AMLQCESCK KCJFMPG?Q AMK M RPCGL?KCLRM LM
    JGKGRC GLDCPGMP BCQQ? T?PG?ŽM RJCR?Q BC AMKNCRGŽM NPCAGQ?K RPCGL?P CK GLRCLQGB?BCQ K?GQ ?JR?Q BM OSC ?Q NCQQM?Q
    GLRCPCQQ?B?Q ?NCL?Q CK Q?ž​BC C AMLBGAGML?KCLRM . JGKGRC QSNCPGMP BCQQ? T?PG?ŽM BC GLRCLQGB?BC BM RPCGL?KCLRM N?P?
    E?LFMQ CK Q?ž​BC C AMLBGAGML?KCLRM  BC ?NPMVGK?B?KCLRC  B? %"K?V -M CLR?LRM  N?P? ? K?GMPG? B?Q NCQQM?Q
    GLRCLQGB?BCQCLRPCCB?%"K?VQŽMQS¤AGCLRCQN?P?NPMKMTCPMQE?LFMQOS?QCdBC?GQLMAMLBGAGML?KCLRM?CP™@GM

    4(​37a0&,$&$4'b$​&$01(9(4&b&,1
    DPC​OS‘LAG?A?PB”?​A?%" BCRPCGL?KCLRMMSCVCPA”AGM?KNJ?KCLRCSQ?B?N?P?BCRCPKGL?P?GLRCLQGB?BCBMCVCPA”AGM
    %" RCK PCJ?ŽM JGLC?P AMK M ?SKCLRM B? A?PE? BC RP?@?JFM C BM AMLQSKM BC MVGE‘LGM  AMK ? %" QC CQR?@GJGX?LBM LM
    AMLQSKM BC MVGE‘LGM KŠVGKM TCP "?N”RSJM   $K P?XŽM BCQQ?Q PCJ?CQ  ? %"  AMLDMPKC ?DCPGB? NCJM KMLGRMP BC %"
    NMBCQCPSQ?B?N?P?BCRCPKGL?P?GLRCLQGB?BCBMCVCPA”AGM
    /?P?A?JASJ?P?T?PG?ŽMB?GLRCLQGB?BCLCACQQŠPG?N?P?KCJFMP?PMAMLBGAGML?KCLRM?CP™@GMSQ?LBMSKNCPACLRS?JB?
    %"K?V NPCAGQM CKNPGKCGPMJSE?P AMLFCACP?%"K?V4K?COS?ŽMAMKSKSRGJGX?B?N?P?CQRGK?P?%"K?V?QCESGLRC
    %"K?VZGB?BCCK?LMQ
    $QQ?COS?ŽMGLBGA?OSC?%"K?VA?GACPA?BC?NMPBA?B?-MCLR?LRM ?%"K?VPC?JKCLRCBGKGLSGCKRMPLMBC
    ?  NMP BA?B? /MPR?LRM  ? COS?ŽM JCT? ? CPPM OS?LBM QC CQRGK? ? %"K?V $K@MP? CQQ? COS?ŽM DMPLC? SK?
    CQRGK?RGT?TGŠ​TCJB?%"K?V MQPCQSJR?BMQB?COS?ŽM?QCESGPQŽMK?GQ?ASP?BMQN?P?A?JASJ?P?%"K?V
    %"K?VZ nGB?BCCK?LMQ 
    .SQMBCQQ?QCESLB?COS?ŽMLMAŠJASJMB?%"K?VPCQSJR?L?QCESGLRCT?PG?ŽMBC%"LCACQQŠPG?N?P??QNCQQM?QL?D?GV?
    BMQ?LMQ?RGLEGPCKMQ@CLCD”AGMQLMAMLBGAGML?KCLRM?CP™@GM
    %"K?VZ n?LMQ
    %"K?V@?RGKCLRMQNMPKGLSRM@NK
    B?%"K?V@NKn 
    B?%"K?V @NK
    B?%"K?V@NKn 
    B?%"K?V @NK
    #CQQCKMBM N?P??K?GMPG?B?QNCQQM?QAMK?LMQBCGB?BC ?NPŠRGA?BMCVCPA”AGM?CP™@GML?%"CLRPCC
    @NKNPMBSXE?LFMQCKAMLBGAGML?KCLRM?CP™@GM %"?NPCQCLR?@M?PCJ?ŽMAMKMAMLQSKMBCMVGE‘LGM-MCLR?LRM
    ?M QC CVCPAGR?P CK SK? NMPACLR?ECK CQNCA”¤A? B? %"K?V  TMA‘ CQRŠ  L? TCPB?BC  QC CVCPAGR?LBM CK SK? NMPACLR?ECK
    QS@QR?LAG?JKCLRC KCLMP OSC M NGAM BM AMLQSKM BC MVGE‘LGM %GESP?   . KRMBM B? %" BC PCQCPT? %"1  BC
    BCRCPKGL?ŽMB?GLRCLQGB?BCBMCVCPA”AGM BCQAPGR?L?NP™VGK?QCŽM CQRGK??%"CKSKNCPACLRS?JCQNCA”¤AMBMNGAMBC
    AMLQSKMBCMVGE‘LGM PCQSJR?LBMCK%"BCRPCGL?KCLRMBGDCPCLRCB?OSCJ?BMNCPACLRS?JCQNCA”¤AMB?%"K?V!MVC 
    86DA0  +< ?4A24=CD0; 4B?42wJ2> 30 <0G A4?A4B4=C0 D<0 ?>A24=C064< <4=>A 3> ?82> 3> 2>=BD<>
    34>G86u=8>+;VAOL;
    ?>;# G;RMŠI?KOCP;F?HN?M;?>IJC=I>I=IHMOGI>?IRCAHCI3Y,JC=I

    L?MJ?=NCP;G?HN?  >;JN;>; =IG J?LGCMMŠI >; G?LC=;H IFF?A? I@ 0JILNM *?>C=CH?   0*M $OC>?FCH?M @IL
    "R?L=CM?1?MNCHA;H>-L?M=LCJNCIH NB?> ;FNCGIL?)CJJCH=INN4CFFC;GM4CFECHM 

    `61'1'$
    .KRMBMB?%"1 MSKRMBM*?PTMLCL NMBCQCPSQ?BMN?P?A?JASJ?P?%"LCACQQŠPG?N?P?MCVCPA”AGMCKSKNCPACLRS?J
    CQNCA”¤AMBMNGAMBCAMLQSKMBCMVGE‘LGM/?P?M@RCPE?LFMQCKAMLBGAGML?KCLRM?CP™@GM ?K?GMPG?B?QNCQQM?QNPCAGQ?
    RPCGL?PAMK??RBMNGAMBMAMLQSKMBCMVGE‘LGM ?GLB?OSCCVGQR?KBGDCPCL?QGL​BG​TG​BS?GQQGELG¤A?RGT?Q.
    KRMBM B? %"1 QC PCDCPC  BGDCPCL? CLRPC ? %" BC PCNMSQM %"PCN  C ? %"K?V  %" ?JTM %"  D?X PCDCP‘LAG?  %"
    LCACQQŠPG?N?P?MCVCPA”AGMCKSKNCPACLRS?JCQNCA”¤AMBMNGAMBMAMLQSKMBCMVGE‘LGM QCOS?CQ?QCESGPNMBCKQCP
    SQ?B?QN?P?A?JASJ?P?%" CKOS?JOSCPNCPACLRS?JBMNGAMBCAMLQSKMBCMVGE‘LGM.CVCKNJMDMPLCAGBMCQRGK??%"
    LCACQQŠPG?N?P?MCVCPA”AGM?BMNGAMBMAMLQSKMBCMVGE‘LGM
    %"1%"K?VZ%"PCN
    %"1@NKZ@NK
    %"1@NK
    %" ?BMNGAMBMAMLQSKMBCMVGE‘LGM%"PCN  %"1
    %" ?BMNGAMBCAMLQSKMBCMVGE‘LGM@NK  @NK
    %" ?BMNGAMBMAMLQSKMBCMVGE‘LGM @NK
    $QQC AŠJASJM CQRGK? OSC ? %"  BC ?NPMVGK?B?KCLRC  @NK PCQSJR? CK CVCPA”AGM ?  BM NGAM BM AMLQSKM BC
    MVGE‘LGM/?P?A?JASJ?P?%" CKMSRPMQNCPACLRS?GQBCNGAMBMAMLQSKMBCMVGE‘LGM BCTC QCQGKNJCQKCLRCQS@QRGRSGP?
    NMPACLR?ECKBCQCH?B?L?COS?ŽM2CSRGJGX?PMNCPACLRS?JBC%"K?VMSMKRMBMB?%"1N?P?BCRCPKGL?P?GLRCLQGB?BC
    BMCVCPA”AGM KCBGB?OSCMGL​BG​T”​BSMT?GE?LF?LBMAMLBGAGML?KCLRM?CP™@GM CJCA?N?XBCPC?​JG​X?PAMPPGB? AGAJGQKM
    K?GQ PŠNGBM  K?GQ RP?@?JFM CK B?B? %" $K N?PRC  GQQM MAMPPC NMPOSC AMLDMPKC ? AMLBGŽM ?CP™@G? KCJFMP?  ? %" CK
    BCRCPKGL?B?A?PE?BCRP?@?JFMBGKGLSGC?%"CKPCNMSQMR?K@KNMBCA?GPJGECGP?KCLRC#CQQCKMBM ?SRGJGX?ŽMB?
    %" AMKM CQRGK?RGT? B? GLRCLQGB?BC NCPKGRC ? KCJFMP? B? A?N?AGB?BC ?CP™@G? AMK M RPCGL?KCLRM "ŠJASJMQ QGKGJ?PCQ
    NMBCKQCPSQ?BMQN?P?CLAMLRP?P?GLRCLQGB?BCBMRPCGL?KCLRMSQ?LBMMNGAMBMAMLQSKMBCMVGE‘LGMBCPCQCPT?!MVC
     

    ,4&
    @1;<-:-)45-6<-,1.-:-6d)-6<:-)8:-;+:1dc7,)16<-6;1,),-,7
    -@-:+h+17)-:l*179=-=<141B))5)@-)9=-4)9=-=;)78-:+-6<=)4,7
    81+7,7+76;=57,-7@1/f617
    K@MQ MQ RGNMQ BC NPCQAPGŽM B? GLRCLQGB?BC BM CVCPA”AGM ?CP™@GM NMBCK QCP SQ?BMQ -M CLR?LRM   GKNMPR?LRC
    CLRCLBCP OSC CVGQRC SK? BGDCPCL? CLRPC MQ  KRMBMQ /MP CVCKNJM  SK? NCQQM? BC  ?LMQ BC GB?BC OSC SQ? ?
    D™PKSJ?%"K?VZ n?LMQBCGB?BC PCTCJ?%"K?VBCACPA?BC@NK2C?GLRCLQGB?BCBMRPCGL?KCLRM
    BCQCH?B?DMPBCB?%"K?V GQQMPCQSJR?CK%"BCRPCGL?KCLRMBC@NK@NKn  2CMKRMBMB?
    %"1DMPCKNPCE?BMN?P?A?JASJ?P?%"BCRPCGL?KCLRM?BMNGAMBMAMLQSKMBCMVGE‘LGMN?P?CQQCGL​BG​T”​BSM
    AMK%"PCNBC@NK SK?BGDCPCL?QS@QR?LAG?JL?%"M@RGB? %"1QCPG?BC@NK%"1@NKZ
    @NK   %" BC RPCGL?KCLRM ?  BM NGAM BM AMLQSKM BC MVGE‘LGM QCPG? BC  @NK %"  ?  BM NGAM BM
    AMLQSKM BC MVGE‘LGM   @NK  : @NK n  <  QQGK  ? %" BC RPCGL?KCLRM ?  BM NGAM BM AMLQSKM BC
    MVGE‘LGMCB?%"K?VQŽMBCC@NK PCQNCARGT?KCLRC3P?R? QCBCSK?BGDCPCL?GKNMPR?LRC KCQKM
    OSC?K@MQNCPK?LC?KL?XML?BCRPCGL?KCLRMNPCQAPGR?N?P??SKCLR?PMAMLBGAGML?KCLRM?CP™@GM

    (4&(2_^1'((5)14_1
    5C31<145@5B35@kj?4?5C6?Bk?&CLTMJTC?BCRCPKGL?ŽMQS@HCRGT?B?BG¤ASJB?BCBMRP?@?JFM $/$AJŠQQGA?BC
    !MPE%GESP? AMKC?CK AMK?NPGKCGP?‹LAMP?BCQAPGRGT?CKYKSGRM KSGRMJCTC^ NPMEPCBGLBM?R AMK?
    žJRGK?‹LAMP?BCQAPGRGT?CKKSGRM KSGRMNCQ?BM  $/$KBG??QQMAG?B?Q?B?NR?CQ?CP™@G?Q?MCVCPA”AGMT?PG?
    BC? KCQK?$/$NMBCLŽMGLBGA?PBCDMPK?AMLQGQRCLRC?KCQK?GLRCLQGB?BCBSP?LRCSK?QCQQŽMBCCVCPA”AGM
    MS ? KCQK? GLRCLQGB?BC N?P? BGDCPCLRCQ RGNMQ BC CVCPA”AGM $LRPCR?LRM  CK ECP?J  SK? $/$ CQNCA”¤A? PCNPCQCLR?
    NMPACLR?ECLQBMNGAMBMAMLQSKMBCMVGE‘LGM %"K?V NGAMBMAMLQSKMBCMVGE‘LGMBCPCQCPT?C%"1 QQGK ?CQA?J?
    NMBCQCPSQ?B?N?P?CQRGK?P?A?PE?BCRP?@?JFMLCACQQŠPG?N?P??JA?L?PMQE?LFMQCKAMLBGAGML?KCLRM?CP™@GM

    ,4&
    8-:+-6<=)4,781+7,7+76;=57,-7@1/f61787,-;-:=;),78):)
    8:-;+:->-:7<:-16)5-6<7)-:l*17
    2CMNGAMBMAMLQSKMBCMVGE‘LGMBCSK?NCQQM?DMPBCRCPKGL?BMBSP?LRCSKRCQRCCKCQRCGP?MS@GAGAJCR? CJCNMBC
    QCP SQ?BM N?P? NPCQAPCTCP ? GLRCLQGB?BC BM RPCGL?KCLRM +CK@PC QC BC OSC ? %"1  MS M KRMBM BC *?PTMLCL
    SRGJGX?SKAŠJASJMN?P?NPCQAPCTCP?GLRCLQGB?BCBMRPCGL?KCLRMCOSGT?JCLRC?SKNCPACLRS?JCQNCA”¤AMBMNGAMBM
    AMLQSKM BC MVGE‘LGM  BCRCPKGL?ŽM B? GLRCLQGB?BC BM CVCPA”AGM NMP KCGM BM AMLQSKM BC MVGE‘LGM CLTMJTC
    AŠJASJM QGKGJ?P Q BGPCRPGXCQ BM RPCGL?KCLRM N?P? GLRCLQGB?BC BM CVCPA”AGM QŽM ?Q KCQK?Q BM KRMBM B? %"1 M
    RPCGL?KCLRMBCTCMAMPPCPBMJGKG?PK”LGKM ? ?RBMAMLQSKMBCMVGE‘LGMBCPCQCPT?5.1 MS5.
    K?VZ5.PCN.AŠJASJMBM5. ?JTMCKNPCE?LBM?5.1DCGRMNMPKCGMB?QCESGLRCCOS?ŽM

    5. ?JTMKlãIEZãKGLZ 5\.K?VZ5\.PCN


    GLRCLQGB?BCBMCVCPA”AGM  5.PCN
    .5.PCNECP?JKCLRCAMLQGBCP?BMBC KlãIEZãKGLZ,$3 2C?KCBGB?BMNGAMBMAMLQSKMBCMVGE‘LGM
    B?NCQQM?DMPBCKlãIEZãKGLZ ?XML?BCRPCGL?KCLRMCLRPCCBMNGAMBMAMLQSKMBCMVGE‘LGMNMBCQCP
    CQRGK?B?NMPKCGMBMQQCESGLRCQAŠJASJMQ
    BM5. ?JTMKlãIEZãKGLZ KlãIEZãKGLZZ KlãIEZãKGLZ     KlãIEZãKGLZ
    BM5. ?JTM
    KlãIEZãKGLZ  KlãIEZãKGLZ
    BM5. ?JTMKlãIEZãKGLZ KlãIEZãKGLZZ KlãIEZãKGLZ     KlãIEZãKGLZ
    BM5. ?JTMKlãIEZãKGLZ  KlãIEZãKGLZ
    /?P?NCPK?LCACPL?XML?BCRPCGL?KCLRMPCAMKCLB?B? CQQ?NCQQM?NPCAGQ?PC?​JG​X?PMRPCGL?KCLRMCLRPC C
    KlãIEZãKGLZ$KECP?J BSP?LRCMRCQRCN?P?BCRCPKGL?PMNGAMBMAMLQSKMBCMVGE‘LGM ?A?PE?BCRP?@?JFM @CK
    AMKM M PGRKM B? AMPPGB?   ?SKCLR?B? BC K?LCGP? EP?B?RGT? CLOS?LRM M AMLQSKM BC MVGE‘LGM C ? %" QŽM
    KMLGRMP?B?QAMLQR?LRCKCLRC"MK?QGLDMPK?CQBMRCQRCBMNGAMBMAMLQSKMBCMVGE‘LGM ¤A?DŠAGJBCRCPKGL?PM
    PGRKMBCAMPPGB?LCACQQŠPGMN?P?AMLQSKGPMVGE‘LGMBCLRPMB?XML?BCRPCGL?KCLRMPCAMKCLB?B?%GA?DŠAGJR?K@K
    CQR?@CJCACP?%"LCACQQŠPG?N?P?AMLQSKGPMVGE‘LGMBCLRPMB?XML?PCAMKCLB?B?.SRPMQD?RMPCQ AMKM?K@GCLRCC
    RGNMBCRCPPCLM MQOS?GQNMBCK?DCR?PMAMLQSKMBCMVGE‘LGM AMLQRGRSCK?JGKGR?ŽMBCQQCCBCMSRPMQKRMBMQ

    37,8$.(06(5/(6$%e.,&15
    4K5AE9F1<5>D5=5D12s<93?#*ZMSR?V?BCCOSGT?JCLRCKCR?@™JGAMZGES?JR?V?BCAMLQSKMBCMVGE‘LGMCK
    PCNMSQM"MKMQGQRCK?,$3 ?GLRCLQGB?BCBCSK??RGTGB?BCCVNPCQQ?CKOS?LR?QTCXCQK?GQMAMLQSKMBCMVGE‘LGM
    CKPCNMSQMLCACQQŠPGMN?P?PC?​JG​X?P??RGTGB?BC2CSK??RGTGB?BCDMPCOSGT?JCLRC?,$3 NPCAGQMTCXCQMAMLQSKM
    BC MVGE‘LGM CK PCNMSQM N?P? BCQCKNCLF?P ? R?PCD? . AMLQSKM BC MVGE‘LGM CK PCNMSQM  ECP?JKCLRC AMLQGBCP?BM  
    KlãIEZãKGLZ JMEM??RGTGB?BCCOSGT?JCLRC?,$3PCOSCP KlãIEZãKGLZ,$3n KlãIEZãKGLZ BCMVGE‘LGM
    N?P?QCPDCGR?0S?LRMK?GQ,$3 K?GQGLRCLQ???RGTGB?BC$KECP?J ??RGTGB?BCKMBCP?B??GLRCLQ?BC¤LGB?AMKM?
    ,$3 CLOS?LRM??RGTGB?BCTGEMPMQ?QSNCPGMP?,$33?@CJ? 
    .SQMBC,$3L?BCRCPKGL?ŽMB?GLRCLQGB?BCRCKJGKGR?CQ.SQMBMT?JMPN?BPŽMBC,$3GES?J? KlãIEZ
    
    ãKGLZGLBSX?CPPM NMGQMAMLQSKMBCMVGE‘LGMCKPCNMSQMT?PG?CLRPC C KlãIEZãKGLZ.T?JMPBM,$3B?
    ?RGTGB?BC NMBC T?PG?P BC K?LCGP? QS@QR?LAG?J  BCNCLBCLBM B?Q F?@GJGB?BCQ B? NCQQM? OSC NP?RGA? ? ?RGTGB?BC . T?JMP BM
    ,$3B??RGTGB?BCR?K@KNMBCT?PG?P@?QR?LRCBC?AMPBMAMKAMLBGCQ?K@GCLR?GQ ?JRGRSBCCCQR?BMBCFGBP?R?ŽM2CM
    ,$3DMPSQ?BMN?P?BCRCPKGL?P?GLRCLQGB?BCB??RGTGB?BC ?CQRGK?RGT?BCTCQCPTGQR?AMKMSK?BGPCRPGXCLŽMAMKMSK
    T?JMP?@QMJSRM

    '-.18-  )-8;>1?01 '01-@5B50-01??181/5;:-0-?

    C8E83034 #* C8E83034 #*


    RGTGB?BCQBMKQRGA?Q
    2CLR?PLMQMDŠ  5CQRGP QCCBCQNGP QC 
    "MKCP  +?T?P?QKŽMQCMPMQRM 
    %?J?P  +?T?P?JMS?  
    %GA?PBCNN?P?BM   &S?PB?P?QAMKNP?Q  
    %?XCP?A?K?  $QDPCE?PMAFŽM  
    3P?@?JFM
    2CLR?PKCQ?   3P?@?JFMLMJ?P?LH?J  
    #GEGR?P  "?PPCE?PCBCQA?PPCE?PSKA?KGLFŽM  
    -?D?XCLB? BGPGEGLBMRP?RMP   3P?@?JFMAMKNŠZ ? IE 
    "?PNGLR?PG?ECP?J   PP?QR?PLMAFŽM?K?LESCGP?SQ?B?CK 
    GLA‘LBGMQ
    3P?@?JFMCJRPGAM FGBPŠS​JGAM   "?T?P  
    $QNMPRCQCPCAPC?ŽM
    &MJDC SQ?LBMMA?PPGLFM   "MPPCPIKF 
    (*2@:(*2  5MJCG@MJ AMKNCRGRGTM 
    #?L??CP™@G? @?GVMGKN?ARM  1CK?P6  
    !MVC QMA?PQ?AM  /?RGL?ŽMQM@PCPMB?Q  
    9664)(33  "MPPCPIKF 

    #?BMQBC GLQUMPRF!$ '?QICJ6+ 6FGRR,",;(3"MKNCLBGSKMDNFWQGA?J?ARGTGRGCQ?LSNB?RCMD?ARGTGRWAMBCQ?LB


    KCRGLRCLQGRGCQ,CB2AG2NMPRQ$VCPA2 2
    86DA0 4B20;034>A6?>34B4ADB030?0A04BC8<0A08=C4=B830343>4G4A2w28>04A{18>"-">C@?L?HN?M
    M?=ILL?F;=CIH;G=IGJIL=?HN;A?HM>CMNCHN;M>?JC=I>?=IHMOGI>?IRCAHCI3YIJC=I
    # G;R
    L?M?LP;>?3YIJC=I
    ? # /  *I>CV=;>; =IG J?LGCMMŠI >? ILA $  -MS=BIFIAC=;F <;MCM I@ JBSMC=;F ?R?LNCIH  *?> 0=C 0JILNM "R?L=
     ?-IFFI=E*)
    $;?MM?L$
    ON=B?L'! 1B?L?=IGG?H>?>KO;HNCNS;H>KO;FCNSI@?R?L=CM?
    @IL >?P?FIJCHA ;H> G;CHN;CHCHA =;L>CIL?MJCL;NILS ;H> ​GOM=OF;L VNH?MM
     ;H> W?RC<CFCNS CH B?;FNBS ;>OFNM  *?> 0=C
    0JILNM"R?L=   

    (56('$&108(45$
    .RCQRCB?AMLTCPQ?SKKRMBMQGKNJCQCAMLTCLGCLRCBCBCRCPKGL?ŽMBML”TCJB?GLRCLQGB?BCK”LGK?N?P?NPMKMTCP
    E?LFMQCKAMLBGAGML?KCLRM?CP™@GM!?QCG? QCL?GBCG?BCOSCMT?JMPK?GQ@?GVMB?T?PG?ŽMB?GLRCLQGB?BCLCACQQŠPGM
    N?P? NPMBSXGP MQ E?LFMQ CK AMLBGAGML?KCLRM  BC¤LGBM NCJ? A?NGAGB?BC BC ?GLB? K?LRCP ? AMLTCPQ? LMPK?J BSP?LRC M
    CVCPA”AGM-?K?GMPG?B?QTCXCQ CQQCRCQRCSQ?BMAMKMBGPCRPGXBCGLRCLQGB?BCN?P??QNCQQM?QOSCCQRŽMAMKC?LBMM
    NPMEP?K?BCAMLBGAGML?KCLRM?CP™@GMMSOSCBCQCH?KRPCGL?PNPCBMKGL?LRCKCLRCL?GLRCLQGB?BCK”LGK?LCACQQŠPG?

    'C@8C6DDv@5@EC6:?@564@?5:4:@?2>6?E@26C3:@
     NPMEPCQQŽM  MS M ?SKCLRM B? BG¤ASJB?BC  BM RPCGL?KCLRM ?CP™@GM  LCACQQŠPG? QC ? AML oGi S?ŽM BMQ E?LFMQ CK
    AMLBGAGML?KCLRMDMPBCQCH?B?2CSK?NCQQM??RGLEGSML”TCJBCAMLBGAGML?KCLRM?CP™@GMQS¤AGCLRCN?P??RCLBCPQQS?Q
    ?RGTGB?BCQ BC TGB? BGŠ​PG?  PCAPC?ŽM MS CQNMPRC  ? BG¤ASJB?BC BM RPCGL?KCLRM ?CP™@GM LŽM NPCAGQ? ?SKCLR?P  MAMPPCLBM
    CQR?@GJGX?ŽMBML”TCJBMAMLBGAGML?KCLRM?CP™@GM
    3MB?Q ?Q BGPCRPGXCQ BM AMLBGAGML?KCLRM ?CP™@GM NCPKGRCK ? NPMEPCQQŽM BM RPCGL?KCLRM . RGNM BC CVCPA”AGM NMBC
    NPMEPCBGP BC @?GVM GKN?ARM  AMKM A?KGLF?B?  AGAJGQKM MS RPCGL?KCLRM CJ”NRGAM N?P? BC ?JRM GKN?ARM  AMKM AMPPGB?  QC
    BCQCHŠTCJ $QQC RGNM BC NPMEPCQQŽM  CQNCAG?JKCLRC ?NPMNPG?BM N?P? ?Q NCQQM?Q OSC CQRŽM AMKC?LBM M NPMEP?K? BC
    RPCGL?KCLRMMSN?P??OSCJCQOSCCQRŽMAMKQM@PCNCQM BSP?ŽMBMRPCGL?KCLRMNMBC?SKCLR?PBMJGKG?PK”LGKMBC
    ?KGLãBG?ZN?P?NCP”M​BMQK?GQJMLEMQ$KECP?J MJGKGRCQSNCPGMPN?P?MAMLBGAGML?KCLRM?CP™@GMBCKGLãBG?Z
    NPMEPCQQŽMB?BSP?ŽMR?K@KNMBCQCPDCGR??N?PRGPBMRPCGL?KCLRMGLGAG?JKCLRCK?GQASPRMQCQQCQBCKGLNMP
    BG? CK?GQDPCOSCLRC RMR?JGX?LBM?KGLãBG?Z AMKBGKGLSGŽMEP?B?RGT?B?OS?LRGB?BCBCQCQQCQNMPBG?C?SKCLRM
    B?BSP?ŽMBCA?B?QCQQŽMBCKGLMSBCKGLNMPBG?  GLRCLQGB?BCNMBC?T?L?PBMT?JMPBMJGKG?PK”LGKM
    B?%"K?V ?RMT?JMPK?GQ?JRMB?QBGPCRPGXCQB?GLRCLQGB?BCB?%"K?V "MK?NPMEPCQQŽMBMRPCGL?KCLRM
    A?B? QCQQŽM MS QCK?L? BC RPCGL?KCLRM LŽM NPCAGQ? QCP K?GQ BGD”AGJ OSC ? ?LRCPGMP 2CQQCQ MS QCK?L?Q BC RPCGL?KCLRM
    KCLMQ BGD”ACGQ OSC ?Q ?LRCPGMPCQ NMBCK QCP SQ?B?Q N?P? NCPKGRGP ? PCASNC​P?ŽM C PCBSXGP ? AF?LAC BC JCQŽM #SP?LRC MQ
    ASPRMQ NCP”M​BMQ BC RPCGL?KCLRM BC KCLMP BG¤ASJB?BC  MQ E?LFMQ CK AMLBGAGML?KCLRM ?CP™@GM QŽM K?LRGBMQ  C M
    BCQRPCGL?KCLRM  MS NCPB? BMQ E?LFMQ CK AMLBGAGML?KCLRM   K”LGKM MS GLCVGQRCLRC TCP QCŽM QCESGLRC ?ACPA? BC
    BCQRPCGL?KCLRM  -M CLR?LRM   GKNMPR?LRC RCP ?JESK RGNM BC NPMEPCQQM OS?LBM QC BCQCH? M ?NPGKMP?KCLRM BM
    AMLBGAGML?KCLRM

    ! 

    D5:C6EC:J6D5@EC6:?2>6?E@26C3:@:?4=F6>
    *:A@562E:G:52562E:G:5256568C2?56D8CFA@D​>FD4F=2​C6D
    FC2wv@522E:G:5256
    2
    >:?†5:2N 2Ex
    >:?†5:2N
    C6​BFy?4:252DD6DD‚6D56EC6:?2>6?E@56 5:2DA@CD6>2?22Ex5:2DD6>2?2:D
    ?E6?D:52565@EC6:?2>6?E@222Ex
    52>2I
    ( 6D42=2D 56 A6C46Awv@ 56 6D7@Cw@ #* 6 E6DE6 52 4@?G6CD2 E2>3x> A@56> D6C FD25@D A2C2 56E6C>:?2C 2 :?E6?D:5256 5@
    EC6:?2>6?E@26C3:@
    @>2>6=9@C25@4@?5:4:@?2>6?E@26C3:@@EC6:?2>6?E@AC64:D2AC@8C65:C562=8F>2>2?6:C2A2C2AC@>@G6C>2:D2F>6?E@D?@
    4@?5:4:@?2>6?E@

    8A4CA8H4B3>CA48=0<4=C>A4B8BC83>

    QQGKAMKMAMKMRPCGL?KCLRM?CP™@GM BGPCRPGXCQR?K@KDMP?KBCQCLTMJTGB?QN?P?MRPCGL?KCLRMAMKNCQMMSAMLRP?
    PCQGQR‘LAG? QBGPCRPGXCQDMP?KBCQCLTMJTGB?QN?P?LMT?RMQLMRPCGL?KCLRMMSNCQQM?QAMKNMSA?MSLCLFSK?CVNCPG‘LAG?
    CK RPCGL?KCLRM PCQGQRGBM  GL​BG​T”​BSMQ CK L”TCJ GL​RCP​KC​BGŠ​PGM MS AMK ?JESK? CVNCPG‘LAG? CK RPCGL?KCLRM C N?P? MQ
    NP?RGA?LRCQ ?T?L?BMQ AMK JMLE? FGQR™PG? BC RPCGL?KCLRM PCQGQRGBM  $QQ?Q BGPCRPGXCQ DMP?K DCGR?Q N?P? NPMKMTCP MQ
    @CLCD”AGMQR?LRMN?P??Q?ž​BCOS?LRMN?P??AMLBGŽMD”QGA?
    2GKGJ?P?MRPCGL?KCLRM?CP™@GM ?NPCQAPGŽMBMCVCPA”AGMPCQGQRGBMCLTMJTC?JESLQAMKNMLCLRCQ@ŠQGAMQ
     3GNMBCCVCPA”AGM
     5MJSKCB?QCQQŽMBCCVCPA”AGM
     #SP?ŽMBMNCP”M​BMBCPCNMSQMCLRPCQPGCQCCVCPA”AGMQ
     %PC​OS‘LAG?BMRPCGL?KCLRM
     (LRCLQGB?BCBMCVCPA”AGM
    /PMEP?K?Q BC RPCGL?KCLRM PCQGQRGBM NMBCK CLD?RGX?P SK? EP?LBC ?B?NR?ŽM ¤QGMJ™EGA?  AMKM M ?SKCLRM B? DMP?
    KŠVGK?CKPCJ?ŽMQMSRP?Q?B?NR?CQ AMKMFGNCPRPM¤? h SQASJ?P$K@MP?CQQ?‘LD?QCNMQQ?LŽMQCPLCACQQŠPG?N?P?M
    LMT?RMLMRPCGLMPCQGQRGBM ?OSCJCQCKL”TCJK?GQ?T?L?BMNMBCKBCQCH?PGQQM
    2GKGJ?PQBGPCRPGXCQBMRPCGL?KCLRM?CP™@GM ?PCQNMQR?GL​BG​TG​BS?J?MNPMEP?K?BCRPCGL?KCLRMPCQGQRGBMNMBCT?PG?PBC
    K?LCGP?QS@QR?LAG?J QQGK ?QBGPCRPGXCQAMLR‘KT?PG?CQAMLQGBCPŠTCGQL?NPCQAPGŽMBMCVCPA”AGMCBCTCKQCPCLA?P?B?Q
    AMKMSKNMLRMBCN?PRGB?NMPKCGMBMOS?JNMQQ”TCJBCQCLTMJTCPNPMEP?K?QGL​BG​TG​BS?JGX?BMQ

    +:A@566I6C4{4:@
    #GDCPCLRCQ RGNMQ BC COSGN?KCLRMQ N?P? ? PC?​JG​X?ŽM BMQ CVCPA”AGMQ AMLRP? PCQGQR‘LAG? NMBCK NPMKMTCP E?LFMQ L? DMP?
    KŠVGK?CFGNCPRPM¤? h SQASJ?P.QRGNMQK?GQDPCOSCLRCKCLRCNPCQAPGRMQBCCVCPA”AGMQPCQGQRGBMQNMBCKQCPDCGRMQAMK
     /CQMQJGTPCQMS@?PP?QCF?JRCPCQ
     N?PCJFMQBCCVCPA”AGMQAMLRP?PCQGQR‘LAG?
    $LRPCR?LRM  FŠ KSGRMQ MSRPMQ RGNMQ BC CVCPA”AGMQ AMLRP? PCQGQR‘LAG?  AMKM ?OSCJCQ OSC SRGJGX?K D?GV?Q CJŠQRGA?Q C
    CVCPA”AGMQBCNCQMAMPNMP?JOSCNMBCK?SKCLR?P?DMP?C?FGNCPRPM¤? /PMEP?K?QECP?GQBCQ?ž​BCCAMLBGAGML?KCLRM
    ECP?JKCLRC GLAJSCK  NCJM KCLMQ  SK CVCPA”AGM N?P? A?B? EP?LBC EPSNM ​KSQASJ?P BM AMPNM H5B3o39?C 45 =w<D9@<?C
    7BE@?C ​=EC3E<1​B5C  MS KSJRG?P​RGASJ?PCQ  CLTMJTCK M KMTGKCLRM BC K?GQ BC SK? ?P​RGASJ?ŽM C M BCQCLTMJTGKCLRM BC
    DMP? CK K?GQ BC SK EPSNM ​KSQASJ?P  AMKM JCT?LR?KCLRM BC NCQM CK QSNGLM C 3,. 79,:: .Q 5H5B3o39?C 45 7BE@? ​
    =EC3E<1Bw>93? MSSLG?P​RGASJ?PCQ CLTMJTCKNPCBMKGL?LRCKCLRCMKMTGKCLRMBCSK??P​RGASJ?ŽMCMBCQCLTMJTGKCLRM
    BCDMP?BCSKEPSNM​KSQASJ?P AMKMMQBCPMQA?BGPCR?BM@”ACNQCCVRCLQŽMBMHMCJFM.QCVCPA”AGMQBCKžJRGNJMQEPSNMQ
    KSQASJ?​PCQ MS KSJRG?P​RGASJ?PCQ QŽM R?K@K AF?K?BMQ BC CVCPA”AGMQ BC AMPC  CLOS?LRM MQ SLG?P​RGASJ?PCQ MS BC EPSNM ​
    KSQASJ?PžLGAMQŽMAF?K?BMQBCCVCPA”AGMQBC?QQGQR‘LAG?.QM@HCRGTMQB?K?GMPG?BMQNPMEP?K?QBCRPCGL?KCLRMNMBCK
    QCP?JA?L?BMQAMK?NPŠRGA?MPBCL?B?BMCVCPA”AGMCKOSCMQCVCPA”AGMQKSJRG?P​RGASJ?PCQQŽMPC?​JG​X?BMQ?LRCQBMQSLG?P​
    RGASJ?PCQ

    -@=F>656F>2D6DDv@566I6C4{4:@D
    . TMJSKC BM RPCGL?KCLRM PCQGQRGBM  ? KCBGB? B? OS?LRGB?BC RMR?J BC RP?@?JFM PC?​JG​X?BM  M OS?J  BCRCPKGL?BM NCJ?
    OS?LRGB?BC BC CVCPA”AGMQ CVCASR?BMQ  BC QPGCQ BC A?B? CVCPA”AGM !MVC   C BC PCNCRGCQ NMP QPGC ,SB?L?Q LM
    TMJSKC BM RPCGL?KCLRM  @CK AMKM BC MSRP?Q T?​PGŠ​TCGQ BM RPCGL?KCLRM  NMBCK QCP SQ?B?Q N?P? CLD?RGX?P DMP? KŠVGK?
    FGNCPRPM¤?  NMR‘LAG? MS PCQGQR‘LAG? h SQASJ?P JMA?J 3?@CJ?   . LMT?RM LM RPCGL?KCLRM PCQGQRGBM ECP?JKCLRC AMKC?
    AMKSK?QPGCBCA?B?CVCPA”AGM NPMEPCBGLBMN?P?KžJRGNJ?QQPGCQBCA?B?CVCPA”AGMAMLDMPKCT?G?BOSGPGLBMCVNCPG‘LAG?
    LMRPCGL?KCLRM OS?LRGB?BCBCPCNCRGCQNMPQPGCT?PG? BCNCLBCLBMBCOS?GQ?B?NR?CQCQRŽMQCLBMCLD?RGX?B?QCB?
    CVNCPG‘LAG? AMK M RPCGL?KCLRM $K ECP?J  OS?LRGB?BCQ K?GQ ?JR?Q BC PCNCRGCQ QŽM SQ?B?Q N?P? CLD?RGX?P ? PCQGQR‘LAG? ​
    KSQASJ?PJMA?J CLOS?LRMOS?LRGB?BCQKCLMPCQBCPCNCRGCQQŽMSQ?B?QOS?LBM?‘LD?QCL?DMP?CL?NMR‘LAG?KŠVGK?Q
    CQNCAG?JKCLRCAMKM?SKCLRMB?CVNCPG‘LAG? JKBGQQM AMK??OSGQGŽMBCCVNCPG‘LAG? MKCQKMMAMPPCAMK?T?PG?ŽM
    B?PCNCRGŽMSQ?B?N?P?CLDMA?PMQPCQSJR?BMQBMRPCGL?KCLRM(QQMNCPKGRCK?GMPT?PG?ŽMLMRPCGL?KCLRMAMKME?LFM
    BCCVNCPG‘LAG? MOSCN?PCACQCPGKNMPR?LRCN?P?NPMKMTCP?AMLRGLSGB?BCBMQE?LFMQCKAMLBGAGML?KCLRML?OSCJCQAMK
    K?GQCVNCPG‘LAG?LMRPCGL?KCLRM

    ,4&  ;
    ,7;-:-;87;<)8):)7,-;-6>74>15-6<7,-.7:d)
    #1DD85G(851&8
    09,*;696-,:,(9*/(5+,=,3674,5;
    ?*(+,4@6-?,9*0:, *0,5*,:
    'ŠBA?B?QCVGQRCSK?BGQASQQŽMCLRPCNCQOSGQ?BMPCQCNPM¤QQGML?GQBMCVCPA”AGM?ACPA?B?NPCQAPGŽM?NPMNPG?B?BM
    RPCGL?KCLRM PCQGQRGBM N?P? ?JA?L?P E?LFMQ CK DMP? KŠVGK? . NMLRM DMA?J BCQQC BC@?RC CQRŠ L? OS?LRGB?BC BC
    QPGCQNMPRP?@?JFMLCACQQŠPG?QN?P?BCQCLTMJTCP?DMP?KŠVGK?žLGA?QPGC=:QPGCQKžJRGNJ?Q  PCQMJSŽMBCQQ?
    OSCQRŽM NMPKCGMB?GBCLRG¤A?ŽMB?QBGPCRPGXCQ@?nC?_ ?QCKNCQOSGQ?QN?P?NPCQAPGŽMBMCVCPA”AGMPCQGQRGBM BC
    DSLB?KCLR?JGKNMPR‹LAG?4KBMQBCQ?¤MQCKRGP?PAMLAJSQCQ?N?PRGPBCSKAMPNMBCNCQOSGQ?GBCLRG¤A?PAMK
    NPCAGQŽM M OSC RMB? ? GLTCQRGE?ŽM QSNMPR? M KCQKM RCKNM OSC A?B? CQRSBM GL​BG​TG​BS?J  GKNMPR?LRC  QCS T?JMP
    K?GMP?NCL?QCVG@GBMOS?LBM?BCOS?B?KCLRCAMK@GL?BM?MSRPMQCQRSBMQOSCCV?KGL?KMRPCGL?KCLRMAMLRP?
    PCQGQR‘LAG?AMKM@HCRGTMBC?SKCLRMBCDMP?,SGRMQNCQOSGQ?BMPCQCNPM¤QQGML?GQJCP?KN?PRCMS?RKCQKMRMB??
    JGRCP?RSP? CVGQRCLRC C AFCE?P?K ?Q NP™NPG?Q AMLAJSQCQ ? PCQNCGRM BC M OSC M AMPNM BC NCQOSGQ? AMLQGBCP? ?
    OS?LRGB?BC ​GBC?J BC QPGCQ (LDCJGXKCLRC  GQQM LŽM ?A?@MS AMK M BC@?RC  NMGQ GL​BG​T”​BSMQ BMQ  J?BMQ B? BGQASQQŽM
    ?JCE?KOSCMAMPNMBCNCQOSGQ?PCQN?JB?QS?QTGQCQ.OSCCVGQRC?LCACQQGB?BCBCSKNPMACBGKCLRMOSCAMK@GLC
    OS?LRGR?RGT?KCLRC MQ CQRSBMQ PCJ?AGML?BMQ  SRGJGX?LBM NPMACBGKCLRMQ CQR?R”QRGAMQ N?P? AMK@GL?P C ?T?JG?P MQ B?BMQ
    BC A?B? CQRSBM CK TCX BC MNGLGCQ @?​QC?​B?Q L? PCTGQŽM OS?JGR?RGT? B? JGRCP?RSP? 3?J NPMACBGKCLRM CVGQRC  ? KCR?
    ?LŠJGQC CTŠPG?Q?LŠJGQCQDMP?KAMLBSXGB?Q GJSKGL?LBM@?QR?LRC?OSCQRŽM
    (LžKCP?Q KCR? ?LŠJGQCQ DMP?K NS@JGA?B?Q LMQ žJRGKMQ ?LMQZ $QQ?Q ?LŠJGQCQ BCKMLQRP?K GL​BG​TG​BS?J C
    AMJCRGT?KCLRCOSCNPMEP?K?QBCRPCGL?KCLRMAMKQPGCQKžJRGNJ?QM@R‘KK?GQE?LFMQCKDMP?BMOSCMQBCQPGC
    žLGA?"MK@?QCL?KCR? ?LŠJGQCPC?​JG​X?B?NMPCQRC?SRMPCNMPSKEPSNMBCAMJ?@MP?BMPCQ ZQPGCQNMPEPSNM​
    KSQASJ?P NMPCVCPA”AGM PCQSJR?P?KCKE?LFMQBCDMP?KŠVGK?CLRPC?QNMNSJ?CQRPCGL?B?QCLŽMRPCGL?B?Q QCLBM
    OSCMQ?RJCR?QK?GQ?JR?KCLRCRPCGL?BMQ M@RGTCP?KK?GQ@CLCD”AGMQAMKQPGCQ-MQNP?RGA?LRCQRPCGL?BMQCLŽM
    RPCGL?BMQ MRPCGLMAMKQPGCžLGA?MA?QGMLMS?SKCLRMB?DMP?AMPPCQNMLBCLRC NMPK?NCL?QCKSK?DP?ŽMBMQ
    E?LFMQKŠVGKMQ?JA?L?BMQAMK?QQPGCQKžJRGNJ?Q
    $QQCQB?BMQPCQN?JB?KMNPGLA”NGMB?NPMEPCQQŽM/?P?MQNPGLAGNG?LRCQ MRPCGL?KCLRMAMKQPGCžLGA?NMBCQCP
    ?NPMNPG?BMLMQCQRŠEGMQGLGAG?GQBMBCQCLTMJTGKCLRM MJMLEMBMRCKNM MTMJSKCBMRPCGL?KCLRMNPCAGQ?APCQACP
    N?P? AML​RG​LS?P ? QM@PCA?PPCE?P M QGQRCK? LCSPM​KSQASJ?P /?P? ?OSCJCQ ?AMQRSK?BMQ ?M RPCGL?KCLRM  M L”TCJ K?GQ
    ?JRM BC TMJSKC BC RPCGL?KCLRM  LCACQQŠPGM N?P? NPMBSXGP MQ E?LFMQ KŠVGKMQ $LRPCR?LRM  QC SK NP?RGA?LRC
    CVNCPGCLRCLŽMNPCAGQ?MSLŽMBCQCH?M@RCPE?LFMQCKDMP?KŠVGK? MS?QJGKGR?CQPCJ?AGML?B?QAMKMRCKNMLŽM
    NCPKGRCK EP?LBCQ TMJSKCQ BC RPCGL?KCLRM   MS  QPGCQ NMP EPSNM ​KSQASJ?P QŽM QS¤AGCLRCQ N?P? K?LRCP MS  ?R
    KCQKM  ?SKCLR?P ? DMP? ?M N?QQM OSC MQ ?RJCR?Q MS ?OSCJCQ OSC @SQA?K E?LFMQ CK DMP? KŠVGK? N?P?
    ?NPGKMP?KCLRMBMBCQCKNCLFMNPCAGQ?KQCESGPSKNPMEP?K?BCRPCGL?KCLRMAMKTMJSKCK?GQ?JRM?¤K?JA?L?P
    MM@HCRGTM
    $K@MP? M TMJSKC BM RPCGL?KCLRM QCH? SK? T?​PGŠ​TCJ GKNMPR?LRC  MSRPMQ D?RMPCQ AMKM GLRCLQGB?BC C DPC​OS‘LAG?
    BCTCKR?K@KQCPAMLQGBCP?BMQ$QQ?QMSRP?QT?​PGŠ​TCGQBMRPCGL?KCLRMR?K@KDMP?KCV?KGL?B?QL?LMQQ?KCR?
    ?LŠJGQC C AMLQR?RMS QC OSC CVG@CK SK? PCJ?ŽM BMQC PCQNMQR? /?P? ?OSCJCQ LŽM RPCGL?BMQ  MQ E?LFMQ CK DMP?
    KŠVGK?DMP?KAMLQCESGBMQOS?LBM?GLRCLQGB?BCKBG?BMRPCGL?KCLRMDMGCQR?@CJCAGB??BC1, CLOS?LRM
    ?QNMNSJ?CQRPCGL?B?QCMQ?RJCR?Q?JA?L?P?KDMP?KŠVGK??MSK?GQBC1, QNMNSJ?CQLŽMRPCGL?B?Q
    QC@CLC¤AG?P?KBCQCQQCQJCTCQQCK?L?GQ CLOS?LRM?QRPCGL?B?QPCQNMLBCP?KKCJFMP?QCQQCQK?GQNCQ?B?QNMP
    QCK?L?
    GKNMPR‹LAG?BCQQ?Q?LŠJGQCQKMQRP?B?LMQBCR?JFCQOSCNPMNMPAGML?K?NPCQAPGŽMBMCVCPA”AGM.M@HCRGTMBM
    RPCGL?BMP BCTC QCP ?HSB?P QCSQ AJGCLRCQ ? ?JA?L?P M M@HCRGTM BCQCH?BM NMP KCGM B? ?NJGA?ŽM BMQ CQR”KSJMQ
    LCACQQŠPGMQ"MKKSGRMNMSAMCQR”KSJM MAJGCLRCLŽMT?GAMLQCESGPQSACQQML?@SQA?BCQCSM@HCRGTM$QR”KSJMCK
    CVACQQMNMBCJCT?P?RPCGL?KCLRMCVACQQGTMCMSJCQŽMNMPCQRPCQQCCVACQQGTM MKCQKMRCKNMOSCK?GQNCQOSGQ?Q
    QŽMLCACQQŠPG?QN?P?CQAJ?PCACPOS?J?OS?LRGB?BC​GBC?JBCRPCGL?KCLRM CQQ?Q?LŠJGQCQRCKNCJMKCLMQ?HSB?BM?
    ?NMLR?P ? BGPCŽM ACPR? C ? PCQMJTCP BA?B?Q BC BC@?RC QM@PC ? BGDCPCL? LMQ E?LFMQ BC DMP? ?N™Q M RPCGL?KCLRM
    AMKžLGA?QPGC=,9:<:QPGCQKžJRGNJ?Q

    %121>g:/5-?
     /CRCPQML,# 1FC?,1  JT?P! ,?VGKGXGLEQRPCLERFBCTCJMNKCLRGL?RFJCRCQ?KCR? ?L?JWQGQRMBCRCPKGLCRFCBMQCZ
    PCQNMLQCPCJ?RGMLQFGN)2RPCLERF"MLB1CQZ
     1FC?,  JT?P! !SPICRR+-2GLEJCTCPQSQKSJRGNJCQCRQDMPQRPCLERF?KCR? ?L?JWQGQRM?BBPCQQRFCAMLRPMTCPQW1CQ0
    $VCPA2NMPRZ
     1FC? ,  JT?P !  !SPICRR +-  CR ?J  KCR? ?L?JWQGQ RM BCRCPKGLC RFC BMQCZPCQNMLQC PCJ?RGMLQFGN DMP QRPCLERF
    BCTCJMNKCLRTMJSKC GLRCLQGRW ?LBDPCOSCLAWMDRP?GLGLE,CB2AG2NMPR$VCPAZ
     6MJDC !+  +C,SP? +,  "MJC /) 0S?LRGR?RGTC ?L?JWQGQ MD QGLEJC TQ KSJRGNJC QCR NPMEP?KQ GL PCQGQR?LAC RP?GLGLE )
    2RPCLERF"MLB1CQZ
    '-.18-  5>1@>5E1?0;@>15:-91:@;01>1?5?@g:/5-

    'D0=C8303434 'D0=C8303434 &4A24=CD0;34


    A4​@Du=280?>A BtA84B?>A A4?4C8s~4B?>A 8=C4=B8303434
    B4<0=0 4G4A2w28> BtA84 (# (4?>DB>4=CA40BBtA84B

    Y>61C5>16?Bk1=gH9=1
    -MT?RM
    ?QCQQCQTMJR?B?Q ? ? ? ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    N?P?MAMPNMRMBM ?KGLBCCVCPA”AGMQBC
    ?QQGQR‘LAG?
    /P?RGA?LRCCKL”TCJGL​RCP​KC​BGŠ​PGM
    QCQQCQTMJR?B?QN?P? ,žJRGNJ?Q ? ? ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    MAMPNMRMBMC ?KGLBCCVCPA”AGMQBC
    PMRGL?QBGTGBGB?Q ?QQGQR‘LAG?
    /P?RGA?LRCCKL”TCJ?T?L?BM
    ?PMRGL?QBGTGBGB?Q ,žJRGNJ?Q ? R?BC ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    K?LCGP?NCPGMBGX?B? ?KGLBCCVCPA”AGMQBC
    ?QQGQR‘LAG?
    Y>61C5>189@5BDB?{1
    -MT?RM
    ?QCQQCQTMJR?B?Q ? ? ? ?KGL
    N?P?MAMPNMRMBM
    /P?RGA?LRCCKL”TCJGL​RCP​KC​BGŠ​PGM
    QCQQCQTMJR?B?QN?P? ? ? ? ?KGL
    MAMPNMRMBMC
    PMRGL?QBGTGBGB?Q
    /P?RGA?LRCCKL”TCJ?T?L?BM
    ?PMRGL?QBGTGBGB?Q ? ?? ?BCK?LCGP? ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    TCXCQL? NCPGMBGX?B? ?KGLBCCVCPA”AGMQBC
    K?GMPG? ?QQGQR‘LAG?
    Y>61C5>1@?Dm>391
    -MT?RM
    ?QCQQCQTMJR?B?Q 3PCGL?KCLRMBC ?LŽM?R 1CEGŽMQSNCPGMPBM ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    N?P?MAMPNMRMBM DMP?KŠVGK? D?JF?P AMPNM? BC?JR?GLRCLQGB?BC
    ?CVCPA”AGMQ 1CEGŽMGLDCPGMPBM ?KGLBCCVCPA”AGMQBC
    BCNMR‘LAG? AMPNM? ?QQGQR‘LAG?CNPGLAGN?GQBC@?GV?
    GLRCLQGB?BC
    /P?RGA?LRCCKL”TCJGL​RCP​KC​BGŠ​PGM
    ?QCQQCQTMJR?B?Q -MT?RM -MT?RM -MT?RM NPMEPCQQŽM ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    N?P?MAMPNMRMBMMS NPMEPCQQŽMN?P? NPMEPCQQŽMN?P? N?P?? BC?JR?GLRCLQGB?BC
    PMRGL?QBGTGBGB?Q ?CVCPA”AGMQ ? ?KGLBCCVCPA”AGMQBC
    BCNMR‘LAG? ?QQGQR‘LAG?CNPGLAGN?GQBC@?GV?
    GLRCLQGB?BC
    /P?RGA?LRCCKL”TCJ?T?L?BM
    ?PMRGL?QTMJR?B?Q -MT?RM -MT?RM -MT?RM NPMEPCQQŽM ?KGLBCCVCPA”AGMQNPGLAGN?GQ
    N?P?MAMPNMRMBMMS NPMEPCQQŽMN?P? NPMEPCQQŽMN?P? N?P?? BC?JR?GLRCLQGB?BC
    PMRGL?QBGTGBGB?Q ?CVCPA”AGMQ ? ?KGLBCCVCPA”AGMQBC
    BCNMR‘LAG? ?QQGQR‘LAG?CNPGLAGN?GQBC@?GV?
    GLRCLQGB?BC
    Y>61C5>1B5C9CDm>391​=EC3E<1B<?31<
    -MT?RM
    ?QCQQCQTMJR?B?Q ,žJRGNJ?Q ? !?GV? KGLMSKCLMQ
    N?P?MAMPNMRMBM
    /P?RGA?LRCCKL”TCJGL​RCP​KC​BGŠ​PGM
    QCQQCQTMJR?B?QN?P? ,žJRGNJ?Q ? !?GV? KGLMSKCLMQ
    MAMPNMRMBMC
    PMRGL?QBGTGBGB?Q
    /P?RGA?LRCCKL”TCJ?T?L?BM
    ?PMRGL?QBGTGBGB?Q ,žJRGNJ?Q ? 5ŠPG?QNMPACLR?ECLQ KGLMSKCLMQ ?
    PCNCRGCQ
    ?KGL ?PCNCRGCQ

    B?NR?B?BC1?R?KCQQ-  JT?P! $TCRMAF3*,;(3/PMEPCQQGMLKMBCJQGLPCQGQR?LACRP?GLGLEDMPFC?JRFW?BSJRQ,CB


    2AG2NMPRQ$VCPA 

    FC2wv@5@A6C{@​5@56C6A@FD@6?EC6DxC:6D66I6C4{4:@D
    0S?LRMK?GQJMLEMMNCP”M​BMBCPCNMSQMCLRPC?QQPGCQCMQCVCPA”AGMQ K?GMP?MNMPRSLGB?BCBCPCASNC​P?ŽM¤QGMJ™EGA?
    B?Q PCQCPT?Q ?L?CP™@G?Q BC CLCPEG? RPGDMQD?RM BC ?BCLMQGL? : 3/< GLRP?​KSQASJ?P C DMQDMAPC?RGL? MS /"  C K?GQ RCKNM
    BGQNML”TCJ N?P? PCBSXGP ? ?AGBMQC BM Q?LESC C BM ​KžQASJM TCP "?N”RSJM   .Q NCP”M​BMQ ASPRMQ BC PCNMSQM NCPKGRCK
    NMSAMRCKNMN?P??PCASNC​P?ŽM¤QGMJ™EGA?C NMPR?LRM PCQSJR?KCKL”TCGQK?GQ?JRMQBCD?BGE?KCBGB?OSC?QQCQQCQBC
    RPCGL?KCLRMNPMEPGBCK JKBGQQM NCP”M​BMQBCPCNMSQMASPRMQMA?QGML?KPCQNMQR?QFMPKML?GQ?ESB?Q AMKMCJCT?ŽMBM
    L”TCJQPGAMBMFMPKšLGMBMAPCQAGKCLRM MOSCNMBCQCPGKNMPR?LRCN?P??FGNCPRPM¤?h SQASJ?P?JMLEMNP?XM/CP”M_ MQ
    K?GQJMLEMQBCPCNMSQMQŽMLMPK?JKCLRCSQ?BMQOS?LBMQCCLD?RGX??NMR‘LAG?C?DMP?KŠVGK? QM@PCRSBMLMQCVCPA”AGMQ
    KSJRG?P​RGASJ?PCQ #C KMBM ECP?J  MQ NCP”M​BMQ BC PCNMSQM ASPRMQ QŽM SQ?BMQ OS?LBM M CLDMOSC  L? PCQGQR‘LAG? ​KSQASJ?P
    JMA?JCL?FGNCPRPM¤?

    C6​BFy?4:25@EC6:?2>6?E@
    -MRPCGL?KCLRMPCQGQRGBM ?DPC​OS‘LAG?QCPCDCPCOS?LRGB?BCBCTCXCQQCK?L?OSCSKCVCPA”AGMCKN?P​RGASJ?PPC?​JG​X?BM
    MSEPSNM​KSQASJ?PRPCGL?BM-M@B?7B1=145DB59>1=5>D?B5C9CD94?@1B1D?4??3?B@? RMBMQMQEPSNMQ​KSQASJ?​PCQ
    QŽMRPCGL?BMQ?MJMLEMBCA?B?QCQQŽMBCRPCGL?KCLRM-?B?D9>149F94941 MAMPNMQCN?P?BMCKBGDCPCLRCQ​ŠPC?Q QCLBM
    A?B? ​ŠPC? RPCGL?B? CK SK? QCQQŽM BC RPCGL?KCLRM PCQGQRGBM QCN?P?B? /MP CVCKNJM  L? BGTGQŽM BM AMPNM CK QSNCPGMP C
    GLDCPGMP ?PCEGŽMQSNCPGMPCGLDCPGMPBMAMPNMRPCGL?B?CKQCQQCQBGDCPCLRCQ-MNPMEP?K?NMPN?PRCQAMPNMP?GQ SK?
    N?PRCCQNCA”¤A?BMAMPNM AMKMKCK@PMQGLDCPGMPCQMSBMPQM RPCGL?B?CKSK?QCQQŽMBGQRGLR?.@QCPT? QCOSCL?PMRGL?
    BGTGBGB?MSNMPN?PRCQBMAMPNM SKEPSNM​KSQASJ?PCQNCA”¤AMRPCGL?BMCKDPC l S‘LAG?KCLMPOSC?OS?LRGB?BCRMR?JBC
    QCQQCQBCRPCGL?KCLRM$KECP?J L?PMRGL?BGTGBGB?MSNMPN?PRCAMPNMP?J K?GQCVCPA”AGMQN?P?SKEPSNM​KSQASJ?PCK
    N?P​RGASJ?PQŽMPC?​JG​X?BMQNMPQCQQŽMBCRPCGLM PCQSJR?LBMCKTMJSKCBCRPCGL?KCLRMK?GMPN?P?MEPSNM​KSQASJ?PCKN?P​
    RGASJ?PNMPQCQQŽMBMOSCLMNPMEP?K?TMJR?BMN?P?MAMPNMRMBM$KECP?J AMLDMPKC?CVNCPG‘LAG?AMKMRPCGL?KCLRM
    T?G APCQACLBM  ? OS?LRGB?BC RMR?J BC QCQQCQ BC RPCGL?KCLRM NMP QCK?L? ?SKCLR? $LRPCR?LRM  ? GLRCLQG¤A?ŽM B? DPC *
    OS‘LAG?BMRPCGL?KCLRMNMPEPSNM​KSQASJ?PKCLMPOSC?GLBGA?B?NCJMRMR?JK?GMPBCQCQQCQBCRPCGLMQQCK?L?GQ

    ?E6?D:52565@6I6C4{4:@
    GLRCLQGB?BCBMCVCPA”AGMPCQGQRGBMPCNPCQCLR?B?NCJMNCPACLRS?JBCDMP?KŠVGK?NMQQ”TCJN?P?PCNCRGŽMAMKNJCR?BC
    SKCVCPA”AGMMS1,0S?LRMK?GQ?JR??NMPACLR?ECKBC1, KCLMP?OS?LRGB?BCBCPCNCRGCQNMQQ”TCGQL?QPGC
    .SRP? OSCQRŽM ? QCP AMLQGBCP?B?  QC ? QPGC  PC?​JG​X?B? ?R M NMLRM CK OSC LCLFSK? PCNCRGŽM ? K?GQ  NMQQ”TCJ
    R?K@KAF?K?BMBCD?J‘LAG?KMKCLR‹LC?MSD?J‘LAG?&CP?JKCLRC?D?J‘LAG?MAMPPCL?NMPŽMAMLA‘LRPGA?B?PCNCRGŽM
    &?LFMQ CK AMLBGAGML?KCLRM MAMPPCP?K R?LRM L? QPGC PC?​JG​X?B? ?R ? D?J‘LAG? OS?LRM L?Q QPGCQ LŽM PC?​JG​X?B?Q ?R ?
    D?J‘LAG?.RPCGL?KCLRM?R?D?J‘LAG?CKJCT?LR?BMPCQBCNCQM?T?L?BMQNMBCQCP?NPMNPG?BMOS?LBMQCRCLR?OSC@P?P?
    CQR?@GJGB?BC LM RPCGL?KCLRM  AMLRSBM  ?GLB? ?QQGK   NPCAGQM ASGB?BM  SK? TCX OSC M RPCGL?KCLRM ?R ? D?J‘LAG? HŠ
    KMQRPMSOSCJCT??6=,9;9(0505.C?SKCLRMBMQCQRPCQQCQ?P​RGASJ?PCQ$KRMBMA?QM ?QQPGCQQŽMLMPK?JKCLRCPC?​JG​X?B?Q
    NCJMKCLMQ?RSKNMLRMNP™VGKMD?J‘LAG?OS?LBMMSPCNCRGCQ?K?GQQCPG?KNMQQ”TCGQCKSK?QPGC 
    GLRCLQGB?BCBMRPCGL?KCLRMPCQGQRGBMT?PG?BC?AMPBMAMK??B?NR?ŽM¤QGMJ™EGA?OSCCQRŠQCLBMCLD?RGX?B?CAMKOSC
    ?QBGPCRPGXCQBCRPCGL?KCLRMNCPKGRCK GLRCLQGB?BCCMTMJSKCBMRPCGL?KCLRMCQRŽMPCJ?AGML?BMQ/?P??RGLEGPTMJSKCQ
    BC RPCGL?KCLRM K?GMPCQ   NPCAGQM BGKGLSGP ?Q GLRCLQGB?BCQ BM RPCGLM $QQ? GLRCP PCJ?ŽM AMLQRGRSG ? AF?TC N?P? ?Q
    BGDCPCLRCQ‘LD?QCQBMRPCGL?KCLRM AMKMDMP?KŠVGK? FGNCPRPM¤? NMR‘LAG?CPCQGQR‘LAG?h SQASJ?PJMA?J

    'C@8C6DDv@5@EC6:?2>6?E@C6D:DE:5@
    NPMEPCQQŽMBMRPCGL?KCLRMPCOSCP?SKCLRMQGQRCKŠRGAMB?QBCK?LB?QGKNMQR?Q?MAMPNM CLCACQQŠPG?N?P?NPMKMTCP?
    AML​RG​LS?ŽM BMQ E?LFMQ CK AMLBGAGML?KCLRM  QM@PCRSBM DPCLRC ?M APCQAGKCLRM B? CVNCPG‘LAG? AMK M RPCGL?KCLRM $K
    ECP?J ?NPMEPCQQŽMBMRPCGL?KCLRMGLAJSGSKMSK?GQBMQQCESGLRCQD?RMPCQBCKMBMEP?B?RGTMCJCT?ŽMB?GLRCLQGB?BCBM
    RPCGL?KCLRM  ?SKCLRM BM TMJSKC BC RPCGL?KCLRM  C CLASPR?KCLRM MS NPMJMLE?KCLRM BMQ NCP”M​BMQ BC PCNMSQM N?P?
    CLD?RGX?P PCQGQR‘LAG? ​KSQASJ?P JMA?J C FGNCPRPM¤? MS DMP? KŠVGK? C NMR‘LAG?  PCQNCARGT?KCLRC . RGNM K?GQ AMKSK BC
    ?T?LMBMRPCGL?KCLRMCJCT?P?GLRCLQGB?BCNMPKCGMBM?SKCLRMB?PCQGQR‘LAG?SQ?B?CKSK?OS?LRGB?BCCQNCA”¤A?BC
    PCNCRGCQ AMLDMPKC ? DMP?  ? PCQGQR‘LAG? ​KSQASJ?P JMA?J C ?Q A?N?AGB?BCQ BC NMR‘LAG? APCQACK  NPMEPCQQŽM BM
    RPCGL?KCLRM?JMLEMNP?XMBGQASRGB?L?QCQQŽMQCESGLRCCLCACQQŠPG?R?LRMN?P?MRPCGL?KCLRMPCQGQRGBMOS?LRM?CP™@GM
    QCMQE?LFMQCKAMLBGAGML?KCLRMNPCAGQ?KAML​RG​LS?P!MVC 

    ! 

    D5:C6EC:J6D5@EC6:?2>6?E@C6D:DE:5@G2C:2>5624@C5@4@>2y?72D6:>A@DE26>7@Cw2>sI:>29:A6CEC@L2C6D:DEy?4:2[ FD4F=2C
    =@42=@FA@Ey?4:26D6@=6G2?E25@C5@A6D@x?@G2E@D66DEs6>?{G6=:?​E6C​>6​5:s​C:@@F2G2?w25@
    D5:C6EC:J6DA2C2@D?@G2E@D62BF6=6D6>?{G6=:?​E6C​>6​5:s​C:@BF66?7@42>27@Cw2>sI:>2629:A6CEC@L2:?4=F6>
    &6=@>6?@D 6I6C4{4:@A2C2E@5@D@DAC:?4:A2:D8CFA@D​>FD4F=2​C6D
    ,@=F>656F>2D6DDv@566I6C4{4:@ 2 DxC:6D5642526I6C4{4:@2 C6A6E:w‚6DA@CDxC:6
    ?E6?D:52566?72E:J2?5@27@Cw2>sI:>22
    2
    56 (#66?72E:J2?5@29:A6CEC@L22
    256 (#
    C6​BFy?4:2 2 D6DD‚6D56EC6:?2>6?E@A2C2@4@CA@E@5@A@CD6>2?2
    DDxC:6D?v@AC64:D2>D6CC62​=:​J252D2Ex@A@?E@5672=y?4:2A2C2AC@>@G6C@D82?9@D6>4@?5:4:@?2>6?E@
    @?7@C>626IA6C:y?4:2?@EC6:?2>6?E@G2:4C6D46?5@2AC@8C6DDv@5@EC6:?2>6?E@C6D:DE:5@56G6D6C76:E2562=8F>2>2?6:C22L>
    5682C2?E:C24@?E:?F:52565@D82?9@D6>4@?5:4:@?2>6?E@

    ,4&
     ;
    ":)*)407,78:-8):),7:.h;1+76))<176)477<*)44-)/=-
    ?>*?B9>5
    ,(+ ;9,5.;/(5+65+0;06505.6(*/
    (;065(366;)(33,(.<,C
    5+0(5(7630:63;:

    2MS NPCN?P?BMP D”QGAM L? (;065(3 66;)(33 ,(.<, FŠ  ?LMQ v SK RP?@?JFM OSC CLEJM@? GLžKCP?Q M@PGE?CQ C
    PCQNMLQ?@GJGB?BCQ2CKNPC?APCBGRCGOSCSKNPGTGJEGMRP?@?JF?PAMKMQHME?BMPCQ K?Q AMKGQQM TCKHSLRMSK?
    QPGCBCM@PGE?CQPCJ?AGML?B?QAMKMPE?LGX?ŽM COSGNCCGL​BG​T”​BSMQAMKMQOS?GQTMA‘RP?@?JF?LMBG??BG?
     ?@MPB?ECK KSJRGBGPCAGML?J BCQQ? ¤JMQM¤? TGQ? ?SKCLR?P ? BSP?@GJGB?BC  ?NPGKMP?P M BCQCKNCLFM C SRGJGX?P ?
    ECLRGA? BMQ HME?BMPCQ ?R M L”TCJ KŠVGKM ?BCOS?BM $K NPGKCGPM JSE?P  GQQM  DCGRM BC ?AMPBM AMK MQ ?AF?BMQ
    @?Q?GQ M@RGBMQ L? ?T?JG?ŽM BM KMTGKCLRM  CK RCQRCQ BC KM@GJGB?BC  CQR?@GJGB?BC  DMP?  NMR‘LAG?  KSB?L? BC
    BGPCŽM  PCQGQR‘LAG? ?L?CP™@G? C AMKNMQGŽM AMPNMP?J .Q ?AF?BMQ @?Q?GQ NCPKGRCK CQR?@CJCACP ? BGPCŽM C M
    NPMN™QGRM BM LMQQM RPCGL?KCLRM AMK M GL​BG​T”​BSM $K QCESGB?  @?R?JF?KMQ N?P? ?JA?L?P MQ E?LFMQ C RCKMQ
    AMLFCAGKCLRMBCRP?@?JFM R?LRMNPŠRGA?OS?LRMAGCLRG¤A?KCLRC L?Q®PC?QBCCVCPA”AGMQBCAMPPCŽMRPCGL?KCLRMB?
    KM@GJGB?BC C CQR?@GJGB?BC RPCGLM LCSPM​KSQASJ?P  BC DMP?  NMR‘LAG? C PCQGQR‘LAG? ?L?CP™@G? AMLBGAGML?KCLRM
    CQNCA”¤AM N?P? NMQGŽM C HMEM TCJMAGB?BC  CVNJMQŽM  ?ACJCP?ŽM  BCQ?ACJCP?ŽM  KSB?L? BC BGPCŽM  NJGMKCRPG? C
    LSRPGŽM . M@HCRGTM CK KCLRC  B?P QSNMPRC ? RSBM ?OSGJM LCACQQŠPGM N?P? M HMEM -ŽM CVGQRCK MSRPMQ M@HCRGTMQ
    -ŽM RPCGL?KMQ F?JRCPM¤JGQR?Q  JCT?LR?BMPCQ BC NCQM MS GLQRPSRMPCQ BC NGJ?RCQ  CVCKNJMQ BC CQNMPRCQ BGDCPCLRCQ OSC
    PCOSCPCKA?P?ARCP”QRGA?QD”QGA?QBGQRGLR?Q3PCGL?KMQN?P?QCPKMQA?N?XCQBCAMKNCRGPLMK?GQ?JRML”TCJL?-?RGML?J
    %MMR@?JJ+C?ESC
    /?PCAC OSC ? K?GMPG? B?Q NCQQM?Q L?Q ?PCL?Q CQNMPRGT?Q RCK ?JESK CLRCLBGKCLRM ?ACPA? BM OSC SK NPCN?P?BMP
    D”QGAMD?X$LRPCR?LRM CVGQRCKMSRP?QGLžKCP?Q​ŠPC?QL?QOS?GQRP?@?JF?KMQCB?KMQQSNMPRCMPE?LGX?ŽM#SP?LRC
    ? RCKNMP?B?  CQR?KMQ CLTMJTGBMQ LMQ CLAMLRPMQ KBGAMQ QCK?L?GQ OSC BGQASRCK JCQCQ  PC?@GJGR?ŽM
    AMLBGAGML?KCLRM C B?R? BMQ PCRMPLMQ BMQ HME?BMPCQ 3P?@?JF?KMQ GLRGK?KCLRC AMK ? COSGNC KBGA?  AMK MQ
    RPCGL?BMPCQ ?RJRGAMQ C ¤QGMRCP?NCSR?Q  LSRPGŽM BCQCKNCLF? SK N?NCJ CQQCLAG?J NJ?LCH?KMQ ?Q PCDCGCQ C
    RP?@?JF?KMQHSLRM?MLMQQMAMXGLFCGPML?QPCDCGCQBGŠ​PG?QCLMQQSNJCKCLRMQ/J?LCH?KMQ?QPCDCGCQCMQJ?LAFCQ
    ?LRCQBMQHMEMQCKA?Q?CDMP?BCA?Q? @CKAMKMHSLRMAMKN?LFG??​PC?CTMMQBCGB?CTMJR?3MB?Q?Q@C@GB?QC
    QSNJCKCLRMQLMTCQRGŠ​PGMBSP?LRC?QCK?L?CBSP?LRCMQHMEMQQŽM?NPMT?BMQNCJMQNPCN?P?BMPCQD”QGAMQCNCJ?COSGNC
    KBGA?#SP?LRCMRPCGL?KCLRMCKA?KNM RP?@?JF?KMQ BC NCPRM AMK MQ PCQNMLQŠTCGQNCJ?QPCDCGCQR?K@KLM
    NJ?LCH?KCLRMBMA?PBŠNGM
    . PCNMSQM C ? PCASNC​P?ŽM BM HME?BMP QŽM MSRP? ​ŠPC? AMK ? OS?J CQR?KMQ CLTMJTGBMQ  M OSC NMBC T?PG?P BCQBC
    AMGQ?QQGKNJCQAMKMNPMEP?K?QBC?JMLE?KCLRMCPCASNC​P?ŽM?OSŠ​RGA??RAMKNJCV?QAMKMMPGRKMAGPA?BG?LMC
    NJ?LCH?KCLRMBMQAGAJMQBMQMLM HŠOSCR‘KPCJ?ŽMAMKLMQQMCQOSCK?BGŠ​PGM @CKAMKMAMKMQHMEMQLMGRCC
    R?PBC
    .SRP? DSLŽM OSC BCQCKNCLF?KMQ  ?HSB?P L?Q ?T?JG?CQ D”QGA?Q BMQ HME?BMPCQ BSP?LRC ?Q QCJCCQ BC LMTMQ
    ?RJCR?Q (QQM NMBC GLAJSGP ?T?JG?ŽM B? ¥CVG@GJGB?BC  AMKNMQGŽM AMPNMP?J C ?R KCQKM PGQAM NMRCLAG?J BC JCQŽM .
    NJ?LCH?KCLRMAMKM@HCRGTMQGL​BG​TG​BS?GQN?P?LMQQMQHME?BMPCQDCGRMAMKRMB??COSGNCBCRPCGL?KCLRMBCKMBM
    OSC A?B? ?RJCR? NMQQ? ?RGLEGP QS? C¤AG‘L ^G? KŠVGK? /MP ¤K  ? A?N?AGB?BC BC JGB?P AMK MP?KCLRM  DMJF? BC
    N?E?KCLRM CQAPGR? NPM¤AG‘L ^G?LMAMKNSR?BMP AMKSLGA?ŽMCCQRSBMQQŽMDSLCQTGR?GQLCQQ?NPM¤QQŽM
    #INIMJIL'*;=BN
      ILN?MC;>?&H>C;H;JIFCM IFNM 

    *A48=0<4=C>8=C4AE0;03>

    .RPCGL?KCLRMGLRCPT?J?BMDMGSQ?BMNMP?RJCR?QBC:7905;C,5+<9(5*,N?P??NPGKMP?PMBCQCKNCLFMLMAMKCMB?BA?B?
    BC,?GQPCACLRCKCLRC ?RJCR?QBCCQNMPRCQNP?RGA?BMQAMK@MJ?@?QOSCRC TšJCGCDSRC@MJ CMSRPMQRGNMQBC?RJCR?Q
    R?K@K M SRGJGX?K . AMLACGRM BC RPCGL?KCLRM GLRCPT?J?BM AMLQGQRC CK OS?LRGB?BC K?GMP BC RPCGL?KCLRM GLRCLQM OSC
    NMBCQCPPC?​JG​X?BMQCMRPCGLMDMPCQN??BMNMPNCP”M​BMQBCPCNMSQM CCQQ?OS?LRGB?BCK?GMPBCRPCGLMGLRCLQMPCQSJR?CK
    E?LFMQ K?GMPCQ CK AMLBGAGML?KCLRM $QQC AMLACGRM  PCQN?JB?BM NMP NCQOSGQ?Q 'MKCLQ AMK L”TCJ BC RPCGL?KCLRM
    KMBCP?BMNGAMBMAMLQSKMBCMVGE‘LGMKBGMBC?KlãIEZãKGLZ OSCNP?RGA?KAMPPGB?BCJMLE?BGQR‹LAG??
    B? %"K?V NMP  KGL MS AMPPGB? ?  B? %"K?V NMP  KGL LŽM BCKMLQRP?P?K ?SKCLRM QGELG¤A?RGTM LM NGAM BM
    AMLQSKMBCMVGE‘LGM$LRPCR?LRM MQOSC¤XCP?KPCNCRGCQCKGLRCPT?JMQBCQCESLBMQ??B?%"K?VC
    NCP”M​BMQ BC PCNMSQM BC  QCESLBMQ CLRPC MQ GLRCPT?JMQ MS  GLRCPT?JMQ ?  ?  B? %"K?V BC  KGL QCN?P?BMQ NMP
    NCP”M​BMQ BC PCNMSQM BC  KGL ?SKCLR?P?K BC K?LCGP? AMLQGBCPŠTCJ M NGAM BM AMLQSKM BC MVGE‘LGM CK   C  
    PCQNCARGT?KCLRC.QEPSNMQGLRCPT?J?BMQR?K@KPCTCJ?P?KCJCT?ŽMGKNMPR?LRCBMTMJSKCQGQR™JGAMTCL​RPGAS​J?PCQOSCPBM
    CLOS?LRM MQ MSRPMQ  EPSNMQ LŽM KMQRP?P?K KSB?L?Q QGELG¤A?RGT?Q 3MBMQ MQ EPSNMQ RPCGL?P?K  BG?Q NMP QCK?L?
    BSP?LRC  QCK?L?Q v R?K@K GKNMPR?LRC M@QCPT?P OSC ? OS?LRGB?BC RMR?J BC RP?@?JFM PC?​JG​X?BM BSP?LRC A?B? RGNM BC
    RPCGL?KCLRMDMGCOSGN?P?BM
    'GQRMPGA?KCLRC CK@MP?MQ?RJCR?QMRCLF?KSQ?BMBCK?LCGP?NPCBMKGL?LRC MRPCGL?KCLRMGLRCPT?J?BMTCKE?LF?LBM
    NMNSJ?PGB?BCR?K@KCLRPCMQCLRSQG?QR?QB??NRGBŽMD”QGA? GLB?OSCMQNPMEP?K?QBCRPCGL?KCLRMGLRCPT?J?BMNMQQ?K
    QCP BCQCLTMJTGBMQ N?P? L?R?ŽM  AMPPGB?  CVCPA”AGMQ CJ”NRGAMQ C PCKM  MQ NPMEP?K?Q BC AMPPGB? N?PCACK QCP MQ K?GQ
    NMNSJ?PCQN?P?E?LFMBCAMLBGAGML?KCLRMCKECP?J QQCQQCQR”NGA?QBCRPCGL?KCLRMGLRCPT?J?BMN?P?AMLBGAGML?KCLRM
    ECP?JCQRŽM?NPCQCLR?B?QL?3?@CJ? QT?​PGŠ​TCGQBCRPCGL?KCLRMOSCNMBCKQCPK?LGNSJ?B?QBSP?LRCMRPCGL?KCLRM
    GLRCPT?J?BMQŽMBGQR‹LAG?CBSP?ŽMBMGLRCPT?JMGLRCLQGB?BCBMRPCGL?KCLRMBSP?ŽMCRGNMBMQNCP”M​BMQBCPCNMSQMCLRPC
    MQGLRCPT?JMQOS?LRGB?BCBCPCNCRGCQGLRCPT?J?B?QNMPQPGCCDPC​OS‘LAG?BMRPCGL?KCLRM$QQ?QT?​PGŠ​TCGQ?DCR?KSK?Q?Q
    MSRP?Q/MPCVCKNJM SK?RJCR?OSCBCQCH??NPGKMP?PQS?A?N?AGB?BCBC:7905;NMBCD?XCPGLRCPT?JMQBCASPR?BSP?ŽMC?JR?
    GLRCLQGB?BC CQN??BMQ NMP NCP”M​BMQ BC PCNMSQM PCJ?RGT?KCLRC JMLEMQ $LRPCR?LRM  BC ?AMPBM AMK M CQRSBM PCDCPCLAG?BM
    ?LRCPGMPKCLRC QCGLRCPT?JMQBCASPR?BSP?ŽMC?JR?GLRCLQGB?BCCQN??BMQNMPNCP”M​BMQBCPCNMSQMPCJ?RGT?KCLRCASPRMQ
    DMPCK PC?​JG​X?BMQ  M NGAM BM AMLQSKM BC MVGE‘LGM R?K@K NMBC QCP ?SKCLR?BM /MPR?LRM  ? NPCQAPGŽM BM RPCGL?KCLRM
    GLRCPT?J?BMBCNCLBCBMQM@HCRGTMQBMRPCGL?KCLRM

    '-.18-  &1??m1?01@>15:-91:@;5:@1>B-8-0;@h<5/;<->-/;:05/5;:-91:@;31>-8

    )4BBr> =8280=C4 =C4A<438o​A8> E0=s03>


    (LRCLQGB?BC?JR? KGLBC?OSCAGKCLRM KGLBC?OSCAGKCLRM KGLBC?OSCAGKCLRM
    nKGL??B? nKGL??B?%"K?V nKGL??B?%"K?V
    %"K?V KGLBCNCP”M​BMBCPCNMSQM? KGLBCNCP”M​BMBCPCNMSQM?
    KGLBCNCP”M​BMBCPCNMSQM ?B?%"K?V ?B?%"K?V
    ??B?%"K?V KGLBCPCQDPG?KCLRM KGLBCPCQDPG?KCLRM
    KGLBCPCQDPG?KCLRM
    (LRCLQGB?BC KGLBC?OSCAGKCLRM KGLBC?OSCAGKCLRM KGLBC?OSCAGKCLRM
    @?GV? nKGL??B? nKGL??B?%"K?V nKGL??B?%"K?V
    %"K?V KGLBCNCP”M​BMQBCPCNMSQM KGLBCNCP”M​BMQBCPCNMSQM?
    KGLBCNCP”M​BMQBC A?KGLF?LBM ?B?%"K?V
    PCNMSQMA?KGLF?LBM KGLBCPCQDPG?KCLRM KGLBCPCQDPG?KCLRM
    KGLBCPCQDPG?KCLRM

    ?E6?D:52565@EC6:?2>6?E@
     GLRCLQGB?BC BM RPCGL?KCLRM BC SK GLRCPT?JM  LMPK?JKCLRC BC¤LGB? AMKM SK NCPACLRS?J BM KCJFMP RCKNM N?P? ?
    CVRCLQŽMBMGLRCPT?JMMSSKNCPACLRS?JB?%"K?V/?P?BGQR‹LAG?QK?GQASPR?Q K?GQNPŠRGAMBC¤LGP?GLRCLQGB?BCAMKM
    SK NCPACLRS?J BM KCJFMP RCKNM N?P? ? CVRCLQŽM BM GLRCPT?JM MS SK RCKNM CQNCA”¤AM N?P? ? NPŠRGA? BM GLRCPT?JM  NMP
    CVCKNJM  AMPPGB? BC  K CK  QCESLBMQ /?P? RPCGL?P ? A?N?AGB?BC BC :7905; KŠVGK? MS ? DMLRC BC CLCPEG? 3/ Z
    DMQDMAPC?RGL?/" Z ECP?JKCLRCPC?​JG​X?BMMRPCGL?KCLRMBC?JR?GLRCLQGB?BCNCV ?BMKCJFMPRCKNMMSB?
    %"K?V /?P?BCQCLTMJTCPMQGQRCK?EJGAMJ”RGAM?L?CP™@GMMS?QBGQR‹LAG?QGL​RCP​KC​BGŠ​PG?QBC:7905; AMKM?AMPPGB?BC
    K GLRCLQGB?BCQ?JR?QR?K@KQŽMSQ?B?QL?K?GMPG?B?QTCXCQNCV ?BMKCJFMPRCKNMMS?B?%"K?V
    ?MN?QQMOSCLMRPCGLMN?P?BCQCLTMJTGKCLRMB?QA?N?AGB?BCQBC,5+<9(5*,MS?CP™@G? GLRCLQGB?BCQKMBCP?B?Q??JR?QQŽM
    SRGJGX?B?Q  ?  BM KCJFMP RCKNM MS  ?  B? %"K?V  $QQ?Q GLRCLQGB?BCQ QŽM BCQRGL?B?Q ? QCP BGPCRPGXCQ C
    NPCAGQ?K QCP ?HSQR?B?Q ?M L”TCJ BC AMLBGAGML?KCLRM B? NCQQM? CK RPCGL?KCLRM  GLRCLQGB?BC BM RPCGL?KCLRM R?K@K
    BCNCLBCB?BSP?ŽMBMGLRCPT?JMCB?OS?LRGB?BCBCGLRCPT?JMQ?QCPNP?RGA?B?

    FC2wv@5@:?E6CG2=@
    -MPK?JKCLRC  GLRCPT?JMQ BC ASPR? BSP?ŽM  ?  QCESLBMQ  QŽM SQ?BMQ LM RPCGLM B? A?N?AGB?BC BC :7905; BC ASPR?
    BSP?ŽM MSB?DMLRCBCCLCPEG? 3/ /"P(LRCPT?JMQBCBSP?ŽMK?GQJMLE? BCQCESLBMQ?KGL QŽMSQ?BMQN?P?
    RPCGL?PMQGQRCK?EJGAMJ”RGAM?L?CP™@GMMS?A?N?AGB?BCBC:7905;GL​RCP​KC​BGŠ​PG? CGLRCPT?JMQK?GMPCQOSCKGLBCQRGL?K QC
    ?MRPCGL?KCLRMB?QA?N?AGB?BCQ?CP™@G?QCBC,5+<9(5*,$LRPCR?LRM ?CVRCLQŽMBMGLRCPT?JMR?K@KBCNCLBCBMM@HCRGTM
    B? QCQQŽM /MP CVCKNJM  SK HME?BMP BC @?QOSCRC NMBC SRGJGX?P GLRCPT?JMQ ASPRMQ BC  K N?P? ?SKCLR?P ? TCJMAGB?BC BC
    :7905;CLOS?LRMGLRCPT?JMQBC?KNMBCKQCPSQ?BMQN?P?KCJFMP?P?PCQGQR‘LAG?​KSQASJ?PJMA?JMS?QA?N?AGB?BCQ
    BMQGQRCK?EJGAMJ”RGAM?L?CP™@GM

    (F2?E:525656:?E6CG2=@D
     OS?LRGB?BC RMR?J BC GLRCPT?JMQ PC?​JG​X?BMQ BCNCLBC B? QMK? BMQ GLRCPT?JMQ PC?​JG​X?BMQ CK SK? QPGC  MS PCNCRGCQ NMP
    QPGCQ  C B? OS?LRGB?BC BC QPGCQ PC?​JG​X?B?Q v GKNMPR?LRC M@QCPT?P R?K@K OSC ? BSP?ŽM BMQ GLRCPT?JMQ NMBC T?PG?P
    BSP?LRC ?Q BGDCPCLRCQ QPGCQ BC SK NPMEP?K? BC RPCGL?KCLRM GLRCPT?J?BM /MP CVCKNJM  SK ?RJCR? BC :7905; NMBC D?XCP 
    QPGCBCPCNCRGCQBCKBCCVRCLQŽMQCESGB?NMPQPGCBCPCNCRGCQBCK ?MN?QQMOSCMGL​BG​T”​BSMOSC
    RPCGL?N?P?M@RCPAMLBGAGML?KCLRMNMBCPC?​JG​X?PQPGCBCPCNCRGCQBCGLRCPT?JMQBCKGLAMPPCLBML?CQRCGP? QCESGB?
    NMP  QPGC BC  PCNCRGCQ BC  KGL BC BSP?ŽM  OS?LRGB?BC RMR?J BC GLRCPT?JMQ NMP QPGC C ? OS?LRGB?BC BC QPGCQ
    BCNCLBCKBMQM@HCRGTMQBMRPCGL?KCLRMCBML”TCJBCAMLBGAGML?KCLRMBMGL​BG​T”​BSM
    4KNPMEP?K?GLGAG?JBCRPCGL?KCLRMN?P?M@RCLŽMBCAMLBGAGML?KCLRMNMBCAMLQGQRGPBCGLRCPT?JMQBC?QCESLBMQ
    BC ?JR? GLRCLQGB?BC  PCNCRGBM  ?  TCXCQ  CLOS?LRM GLRCPT?JMQ BC  QCESLBMQ ?  KGL BC BSP?ŽM C GLRCLQGB?BC
    KMBCP?B?KCLRC ?JR? NMBCK QCP PCNCRGBMQ LM K”LGKM  TCXCQ  AMK MQ GL​BG​T”​BSMQ K?GQ ?T?L?BMQ PC?​JG​X?LBM  ? 
    PCNCRGCQ(LRCPT?JMQBCBSP?ŽMQSNCPGMP?KGLBCTCKQCPDCGRMQAMK?C?PCNCRGCQGLRCPT?J?B?Q

    IE6?Dv@5@A6C{@​5@56C6A@FD@
     %" BC PCASNC​P?ŽM NMBC QCP SQ?B? N?P? BCRCPKGL?P M NCP”M​BM BC PCNMSQM CLRPC MQ GLRCPT?JMQ "MK CQQC KRMBM BC
    CQRGK?RGT?B?BSP?ŽMBMNCP”M​BMBCPCNMSQM MGLRCPT?JMQCESGLRCLŽMGLGAG?BM?ROSC?%"?RGLH??R?V?BCPCASNC​P?ŽM
    BCQCH?B? %"BCPCASNC​P?ŽMQSECPGB?BC@NKN?P?NCQQM?QAMKGB?BCCLRPCC?LMQ @NKN?P??OSCJ?Q
    CLRPCC?LMQ @NKN?P?MQOSCCQRŽML?D?GV?CLRPCC?LMQ @NKN?P?MQCLRPCC?LMQC@NK
    N?P??OSCJCQAMKGB?BCCLRPCC?LMQ
    BSP?ŽMBMNCP”M​BMBCPCNMSQMR?K@KNMBCQCPBCRCPKGL?B?AMK@?QCL?P?XŽMRP?@?JFMPCNMSQM/MPCVCKNJM N?P?
    GLRCPT?JMQBCASPR?BSP?ŽMC?JR?GLRCLQGB?BC ?P?XŽMRP?@?JFMPCNMSQMBC?NPMVGK?B?KCLRC SQ?B?(QQMOSCP
    BGXCPOSCQCMGLRCPT?JMDMGBCQCESLBMQBCBSP?ŽM MNCP”M​BMBCPCNMSQMRCPŠCLRPCCQCESLBMQ/?P?GLRCPT?JMQ
    OSCT?PG?KBCQCESLBMQ?KGL ?P?XŽMRP?@?JFMPCNMSQMBCACPA?BCSQ?B? CLOS?LRMLMQGLRCPT?JMQQSNCPGMPCQ?
    KGL SRGJGX? QC?P?XŽMRP?@?JFMPCNMSQMBCACPA?BC

    +:A@D56:?E6CG2=@56C6A@FD@
    $K ECP?J  MQ NCP”M​BMQ BC PCNMSQM N?QQGTMQ NMSA? MS LCLFSK? ?RGTGB?BC  QŽM CKNPCE?BMQ OS?LBM MQ GLRCPT?JMQ BC ?JR?
    GLRCLQGB?BC C ASPR? BSP?ŽM QŽM PC?​JG​X?BMQ $JCQ NCPKGRCK ? PCQQ”LRCQC BC 3/ /" GLRP?​KSQASJ?P BC KMBM OSC ¤OSC
    BGQNML”TCJ N?P? M GLRCPT?JM QCESGLRC BC ?JR? GLRCLQGB?BC TCP "?N”RSJM   AMLQSKM CVACQQGTM BC MVGE‘LGM ?N™Q CVCPA”AGM
    :$/."<  /CP”M​BMQ BC PCASNC​P?ŽM ?RGTMQ ?RGTGB?BC KCLMP OSC M JGKG?P BM J?AR?RM  QŽM SQ?BMQ AMK GLRCPT?JMQ BC 
    QCESLBMQMSK?GQ
    3MB?Q ?Q PCAMKCLB?CQ ?LRCPGMPKCLRC KCLAGML?B?Q NPCAGQ?K QCP AMLRCVRS?JGX?B?Q LMQ M@HCRGTMQ BM RPCGL?KCLRM  LM
    L”TCJBCAMLBGAGML?KCLRMCL?FGQR™PG?BMRPCGL?KCLRMBMGL​BG​T”​BSMMS?RJCR?OSCNP?RGA?MRPCGL?KCLRMGLRCPT?J?BM JK
    BGQQM  QC SK ?RJCR? NP?RGA?P M RPCGL?KCLRM GLRCPT?J?BM BSP?LRC ? RCKNMP?B? BC AMKNCRGŽM  ?Q MSRP?Q LCACQQGB?BCQ BM
    RPCGL?KCLRM  ?Q CQRP?REG?Q PCJ?RGT?Q  COSGNC MS  AMKNCRGŽM  M AMLBGAGML?KCLRM BCAMPPCLRC B?Q F?@GJGB?BCQ RALGA?Q
    CQNCA”¤A?QBMCQNMPRCCMQMSRPMQRGNMQBCRPCGL?KCLRMOSCCQRŽMQCLBMNP?RGA?BMQNPCAGQ?KQCPAMLQGBCP?BMQ

    C6​BFy?4:25@EC6:?2>6?E@
    .RPCGL?KCLRMGLRCPT?J?BMSKRGNMBCRPCGLMBC?JR?GLRCLQGB?BC/MPR?LRM DPC​OS‘LAG?QGLGAG?JKCLRC@?GV?QQŽMSQ?B?Q
    N?P?NCPKGRGP?PCASNC​P?ŽMCLRPC?QQCQQCQ/?P?MAMLBGAGML?KCLRMECP?J CKNPGLA”NGM MSQCQQCQBCRPCGL?KCLRM
    GLRCPT?J?BM NMP QCK?L? NMBCK QCP PC?​JG​X?B?Q $K ECP?J  MQ ?RJCR?Q OSC SRGJGX?K CQQC RGNM BC RPCGLM AMKM N?PRC BM
    NPMEP?K?BCRPCGL?KCLRMRMR?JD?XCK?QCQQCQNMPQCK?L?-MCLR?LRM ?JESLQRGNMQBC?RJCR?Q AMKMMQL?B?BMPCQ
    SRGJGX?KMRPCGL?KCLRMGLRCPT?J?BMOS?QCOSCCVAJSQGT?KCLRC K?QAMKBSP?CQBGDCPCLRCQBMQGLRCPT?JMQ?OS?LRGB?BC
    RMR?JBCPCNCRGCQGLRCPT?J?B?QC?CVRCLQŽMBMQNCP”M​BMQBCPCNMSQMT?PG?KBSP?LRCA?B?QCQQŽM
    3MB?Q ?Q BGPCRPGXCQ KCLAGML?B?Q NPCAGQ?K QCP AMLRCVRS?JGX?B?Q LMQ M@HCRGTMQ BM RPCGL?KCLRM  LM L”TCJ BC
    AMLBGAGML?KCLRM C L? FGQR™PG? BC RPCGL?KCLRM BM GL​BG​T”​BSM MS ?RJCR? OSC NP?RGA? M RPCGL?KCLRM GLRCPT?J?BM 3?J AMKM
    ?AMLRCACAMKMSRPMQRGNMQBCRPCGLM RMB?Q?QT?​PGŠ​TCGQBMRPCGL?KCLRMNPCAGQ?KQCP?HSQR?B?QN?P??RCLBCP?MQM@HCRGTMQ
    CQNCA”¤AMQC?ML”TCJBCAMLBGAGML?KCLRMB?NCQQM?CKRPCGL?KCLRM

    ! 

    %EC6:?2>6?E@:?E6CG2=25@A@56D6CFD25@A2C22F>6?E2C@4@?5:4:@?2>6?E@562E=6E2D66?EFD:2DE2D522AE:5v@7{D:42
    :?E6?D:5256A@56D6C56E6C>:?2524@>@F>A6C46?EF2=5@>6=9@CE6>A@A2C24@3C:C46CE25:DEt?4:2@FF>2A@C46?E286>52>2I
    e AC64:D@ 2;FDE2C 2 5FC2wv@ 5@ :?E6CG2=@ 2 BF2?E:5256 56 :?E6CG2=@D 2 6IE6?Dv@ 5@ A6C{@​5@ 56 C6A@FD@ 6 2 7C6​BFy?4:2 5@
    EC6:?2>6?E@A2C22E6?56C2@D@3;6E:G@D5@EC6:?2>6?E@62@?{G6=564@?5:4:@?2>6?E@5@:?​5:​G{​5F@

    BCADCDA034D<0B4BBr>34CA48=0<4=C>
    $KECP?J RMB?QCQQŽMBCRPCGL?KCLRMAMLQGQRCCK?OSCAGKCLRM AMPNMB?QCQQŽMCPCQDPG?KCLRM.AMPNMB?QCQQŽMPCDCPC
    QC?MRPCGL?KCLRMPC?​JG​X?BML?QCQQŽM,SGRMQCQ?@C?ACPA?BMQCDCGRMQQM@PCMBCQCKNCLFMBM?OSCAGKCLRM GLAJSQGTCBMQ
    CVCPA”AGMQBC¥CVG@GJGB?BCMS?JMLE?KCLRM/MSAMQCQ?@CQM@PCMQNMQQ”TCGQ@CLCD”AGMQBMPCQDPG?KCLRM?N™QSK?QCQQŽM
    BCRPCGL?KCLRM

    =@?82>6?E@
    ,SGR?Q NMPCQ BM ?OSCAGKCLRM C PCQDPG?KCLRM B? QCQQŽM BC RPCGL?KCLRM GLAJSCK CVCPA”AGMQ BC ¥CVG@GJGB?BC C
    ?JMLE?KCLRM 0S?LBM GLAJS”​BM  M ?JMLE?KCLRM BCTC QCP DCGRM ?M ¤L?J BM ?OSCAGKCLRM  ?N™Q ? JGECGP? CJCT?ŽM B?
    RCKNCP?RSP? AMPNMP?J $VGQRCK GLžKCP?Q RALGA?Q BC ?JMLE?KCLRM BGDCPCLRCQ ?RS?JKCLRC Q RALGA?Q BC 6139<9D1kj?
    >5EB?​=EC3E<1B @B?@B9?35@D9F1 $&  ?Q OS?GQ CVGQRCK CK TŠPGMQ RGNMQ  CLTMJTCK AMLRP?ŽM ​KSQASJ?P ?LRCQ BM
    ?JMLE?KCLRM  AMLRP?ŽM NPMBSX PCJ?V?KCLRM PC¥CVM BM h žQASJM OSC CQRŠ QCLBM ?JMLE?BM BC KMBM OSC  NMQQ”TCJ
    ?RGLEGP SK? ?KNJGRSBC BC KMTGKCLRM K?GMP BSP?LRC M ?JMLE?KCLRM . 1<?>71=5>D? 21<oCD93? CLTMJTC KMTGKCLRM
    BGL‹KGAM.KMKCLRMB?N?PRCBMAMPNMQCLBM?JMLE?B?A?SQ?CQRGP?KCLRMBM​KžQASJM?M¤L?JBM?PAMBMKMTGKCLRM
    BGL‹KGAMDMPKŽMRGNMK?GQNMNSJ?PBCRPCGL?KCLRMB?¥CVG@GJGB?BCM1<?>71=5>D?5CDgD93? OSCPC?​JG​X?BMNMPKCGM
    BMKMTGKCLRMJCLRM?MJMLEMBCRMB???KNJGRSBCBCKMTGKCLRMBCSK​KžQASJMCNCJ?K?LSRCLŽMB?NMQGŽMNP™VGK?
    ?M ¤L?J BM ?PAM  ?M KCQKM RCKNM CK OSC M CQRGP?KCLRM  NCPAC@GBM LM h žQASJM 3MBMQ MQ  RGNMQ BC ?JMLE?KCLRM
    ?SKCLR?K?¥CVG@GJGB?BC CLRPCR?LRM SK?KCR? ?LŠJGQCLŽMAMLQR?RMSBGDCPCL?QQGELG¤A?RGT?QL?¥CVG@GJGB?BCCLRPCCJCQ
    KNJGRSBCQBCKMTGKCLRMCVRPCK?QMS¥CVG@GJGB?BCCK?JESK?Q?PoGASJ?CQQŽMLCACQQŠPG?QN?P??PC?gG u?ŽMBC?JESLQ
    CQNMPRCQ  AMKM ? EGLŠQRGA? C ? AMPPGB? AMK M@QRŠASJMQ .Q ?RJCR?Q CLTMJTGBMQ LCQQCQ RGNMQ BC CQNMPRCQ NPCAGQ?K D?XCP
    CVCPA”AGMQ BC ¥CVG@GJGB?BC .SRP? P?XŽM NCJ? OS?J M ?JMLE?KCLRM  PC?gGu?BM  N?P? CTGR?P JCQCQ APCBGR? QC OSC ?JESLQ
    RGNMQ BC JCQCQ NMQQ?K QCP CTGR?BMQ NCJM ?JMLE?KCLRM BCTGBM ?M ?SKCLRM B? ?KNJGRSBC BC KMTGKCLRM B? ?P​RGASJ?ŽM
    $LRPCR?LRM  SK? KCR? ?LŠJGQC AMLQR?RMS OSC M ?JMLE?KCLRM LŽM DMG AMLQGBCP?TCJKCLRC ?QQMAG?BM  PCBSŽM BC JCQŽM
    NMPKAMLAJSGSOSCLŽMCVGQRCKCTGB‘LAG?QQS¤AGCLRCQN?P?CLBMQQ?PMSBCQAML oGi S?PM?JMLE?KCLRM?LRCQMSBCNMGQBM
    CVCPA”AGMAMKM@HCRGTMBCCTGR?PJCQCQCLRPC?RJCR?QAMKNCRGRGTMQCBCPCAPC?ŽM4KCQRSBMPC?​JG​X?BMAMKPCAPSR?QBM
    CVPAGRMR?K@KAMLAJSGSOSCM?JMLE?KCLRM?BGAGML?BM?M?OSCAGKCLRMLŽM?JRCP?BCK?LCGP?AMLQGBCPŠTCJMPGQAMBC
    JCQŽM $VGQRCK NMSA?Q CTGB‘LAG?Q N?P? QS@QR?LAG?P OSC M ?JMLE?KCLRM PCBSX QGELG¤A?RGT?KCLRC ? AF?LAC BC JCQŽM L?
    K?GMPG?B?QQGRS?CQ
    -? TCPB?BC  M ?JMLE?KCLRM PC?​JG​X?BM GKCBG?R?KCLRC ?LRCQ BM CQDMPM KŠVGKM NMBC BGKGLSGP ? NMR‘LAG? MS ? DMP?
    KŠVGK?"GLAM?JMLE?KCLRMQ@?J”QRGAMQBMQ¥CVMPCQCCVRCLQMPCQBMHMCJFMPC?gGu?BMQ?KGL?LRCQB?BCRCPKGL?ŽM
    B?1,BGKGLS”​P?KMQT?JMPCQKŠVGKMQCKLMQ¥CVMPCQBMHMCJFMCCKLMQCVRCLQMPCQ0S?RPM?JMLE?KCLRMQ
    CQRŠRGAMQ BMQ CVRCLQMPCQ BM HMCJFM PC?​JG​X?BMQ ACPA? BC  KGL ?LRCQ B? BCRCPKGL?ŽM BM NGAM BC RMPOSC GQMAGLRGAM
    PCBSXGP?KMNGAMBCRMPOSCCK?MQCjãQZ.?JMLE?KCLRMCQRŠRGAMC@?J”QRGAMB?PCEGŽMGLDCPGMPBMAMPNMBC
    HME?BMPCQBC9<.)@?SKCLRMSAMLQGBCP?TCJKCLRC =: Q CBGKGLSGS =: Q PCQNCARGT?KCLRC MRCKNMBC
    :7905;BCKCKAMKN?P?ŽM?MRCKNMBC:7905;DCGRMQCK?JMLE?KCLRMNPTGM$QQC?AF?BMGLBGA?OSCM?JMLE?KCLRM
    CQRŠRGAMBGKGLSGCM@?J”QRGAM?SKCLR?MBCQCKNCLFMBC:7905;4KCQRSBMKSGRMGLRCPCQQ?LRCPC?​JG​X?BMAMKSLGTCPQGRŠPGMQ
    ?RJCR?QBCCJGRCBC?RJCRGQKMKMQRPMSOSCM?JMLE?KCLRMCQRŠRGAM?LRCQBM:7905;BCKPCBSXGSMBCQCKNCLFM-M
    CLR?LRM  LCK RMBMQ MQ CQRSBMQ PCTCJ?P?K CDCGRMQ GKNMPR?LRCQ BM ?JMLE?KCLRM QM@PC M BCQCKNCLFM 2C M GL​BG​T”​BSM
    NCPKGRGP M PCNMSQM QS¤AGCLRC ?N™Q ? QPGC BC ?JMLE?KCLRMQ  MQ CDCGRMQ LCE?RGTMQ NMBCK LŽM QCP RŽM BP?KŠRGAMQ
    NMQQG@GJGR?LBM?PCASNC​P?ŽMBMAMKNMLCLRCCJŠQRGAMBM​KžQASJM(QQMDMGM@QCPT?BMCK?RJCR?QBC?RJCRGQKMSLGTCPQGRŠPGMQ
    CK R?PCD?Q BC ?PPCKCQQM C NMR‘LAG? B? PCEGŽM QSNCPGMP BM AMPNM OS?LBM M ?JMLE?KCLRM DMG ?RP?Q?BM  KGL ?LRCQ BM
    RCQRC -CK M ?JMLE?KCLRM CQRŠRGAM LCK M @?J”QRGAM CK SLGTCPQGRŠPG?Q HME?BMP?Q BC @?QOSCRC ?DCRMS BC K?LCGP?
    QGELG¤A?RGT? M BCQCKNCLFM LMQ Q?JRMQ TCPRGA?GQ 0S?LBM MAMPPCK  ?Q PCBSCQ CK NMR‘LAG? C DMP? KŠVGK? ?N™Q M
    ?JMLE?KCLRMN?PCACKRCPPCJ?ŽMAMK?GLA?N?AGB?BCBC?RGT?PAMKNJCR?KCLRCM​KžQASJM?JMLE?BMMSMQKCA?LGQKMQ
    GLG@GR™PGMQB?N?PRCACLRP?JBMQGQRCK?LCPTMQMLM​KžQASJM?JMLE?BM
    $K@MP? LŽM PCTCJ?BM CK RMBMQ MQ CQRSBMQ  BCAJ”LGMQ GLBSXGBMQ NCJM ?JMLE?KCLRM LM BCQCKNCLFM OSC CLTMJTC DMP?
    KŠVGK?MSNMR‘LAG?CKTŠPG?QR?PCD?QDMP?KKMQRP?BMQR?LRMLMQQSHCGRMQRPCGL?BMQOS?LRMLŽMRPCGL?BMQ QOSCB?QLM
    BCQCKNCLFMBCAMPPCLRCQBM?JMLE?KCLRMGKCBG?R?KCLRC?LRCQBMCQDMPMKŠVGKMNMBCKLŽMQCPGKNMPR?LRCQN?P?OSCK
    RPCGL? AMK M@HCRGTM BC M@RCP NPMKMCQ L? Q?ž​BC C AMLBGAGML?KCLRM ECP?J $LRPCR?LRM  CQQ?Q PCBSCQ QŽM GKNMPR?LRCQ
    N?P? ?RJCR?Q /MPR?LRM  QCPG? NPSBCLRC OSC ?Q NCQQM?Q GLRCPCQQ?B?Q CK TCPB?BCGP?KCLRC BCQCLTMJTCP NMR‘LAG? C DMP?
    KŠVGK? LŽM PC?​JG​X?QQCK ?JMLE?KCLRMQ GKCBG?R?KCLRC ?LRCQ B?Q RCLR?RGT?Q BC BCQCLTMJTGKCLRM BC NMR‘LAG? C DMP?
    KŠVGK? R?LRMLMRPCGL?KCLRMOS?LRML?AMKNCRGŽM

    76:E@D5@2BF64:>6?E@6C6D7C:2>6?E@
    AE539=5>D?1D9F???RGTGB?BCD”QGA?PC?​JG​X?B??LRCQBMRPCGLM.Q1AE539=5>D?C1D9F?CNMBCKQCPBGTGBGBMQCKRGNMQ
    ECP?GQ.1AE539=5>D?75B1<AMLQGQRCCK?RGTGB?BCLŽMCQNCAG¤A?KCLRCPCJ?AGML?B?AMK?R?PCD?MSMRPCGL?KCLRM?QCP
    QCESGBM.?OSCAGKCLRMECP?JNMBCQCPSK??RGTGB?BC?CP™@G?BC@?GV?GLRCLQGB?BCB?5\.NGAM PC?​JG​X?B?NMP?
    KGL ?JMLE?KCLRMQCCVCPA”AGMQA?JGQR‘LGAMQ.1AE539=5>D?5C@53o{3?@1B1?5C@?BD5GLAJSG?RGTGB?BCQPCJ?AGML?B?QBC
    K?LCGP?CQNCA”¤A?R?PCD?MS?MRPCGL?KCLRM AMKMM@?J?LMBMR?AMBC@CGQC@MJ?LRCQB?PC@?RGB? MQ?PPCKCQQMQ?LRCQ
    BMHMEMBC@?QOSCRCC:7905;:?LRCQBMRCQRCBC:7905;
    3CK QC QSECPGBM OSC M ?OSCAGKCLRM  A?N?X BC KCJFMP?P M BCQCKNCLFM BCTGBM ? TŠPGMQ KCA?LGQKMQ   .
    ?OSCAGKCLRM NCPKGRC ?M ?RJCR? RCKNM N?P? QC NPCN?P?P KCLR?JKCLRC C QC AMLACLRP?P LM CTCLRM OSC CQRŠ NMP TGP #CQQC
    KMBM  D?RMPCQ NQGAMJ™EGAMQ NMBCK QCP SK ?QNCARM BM ?OSCAGKCLRM .Q ?OSCAGKCLRMQ NMBCK CJCT?P ? RCKNCP?RSP? BM
    AMPNM MOSCGL¥SCLAG?BCKMBMNMQGRGTMMBCQCKNCLFMCKP?XŽMBC

    1CBSŽMB?PGEGBCX​KSQASJ?PCRCLB”LC?
    SKCLRMB?TCJMAGB?BCB?AMLBSŽMLCPTMQ?
    JRCP?ŽMB?PCJ?ŽMDMP?TCJMAGB?BCBM​KžQASJM
    ,?GMPBGQNMLG@GJGB?BCBCCLCPEG??L?CP™@G?EJGAME‘LGM 

    $LRPCR?LRM ?CJCT?ŽMB?RCKNCP?RSP?AMPNMP?JBCAMPPCLRCBM?OSCAGKCLRMNMBCBGKGLSGP?A?N?AGB?BCBCK?LSRCLŽM
    B? RCPKMPPCESJ?ŽM C PCBSXGP M BCQCKNCLFM  QM@PCRSBM BSP?LRC ? ?RGTGB?BC BC JMLE? BSP?ŽM ,CA?LGQKMQ ¤QGMJ™EGAMQ
    LŽMPCJ?AGML?BMQAMK?RCKNCP?RSP?OSCNMBCKKCJFMP?PMBCQCKNCLFMGLAJSCK

    SKCLRMBMDMPLCAGKCLRMBCMVGE‘LGMN?P?MRCAGBMBCTGBMGLRCLQG¤A?ŽMBM¥SVMQ?LES”L` M
    $JCT?ŽMBMAMLQSKMBCMVGE‘LGMNP ?RGTGB?BC MOSCNMBCPCBSXGP?BCNCLB‘LAG?B?QDMLRCQBCCLCPEG??L?CP™@G?
    SKCLRMB?QA?N?AGB?BCQBCDMP?AMLQCOSCLRC?RGTGB?BC​KSQASJ?PNPTG?NMRCLAG?JGX?ŽMN™Q ?RGT?ŽM 

    $QQCQBGDCPCLRCQKCA?LGQKMQGL¥SCLAG?KMBCQCKNCLFMBCNCLBCLBMB??RGTGB?BCN?P??OS?JM?OSCAGKCLRMDCGRM
    PCBSŽMB?PGEGBCX​KSQASJ?PCRCLB”LC?CM?SKCLRMB?TCJMAGB?BCBCAMLBSŽMLCPTMQ?QŽMCQNCAG?JKCLRCGKNMPR?LRCQ
    N?P? ?Q ?RGTGB?BCQ BC DMP? C NMR‘LAG?  GLRCLQG¤A?ŽM BM DMPLCAGKCLRM BC MVGE‘LGM ?M RCAGBM C ? BGKGLSGŽM B?
    A?N?AGB?BCBCK?LSRCLŽMB?RCPKMPPCESJ?ŽMNMBCK?DCR?PMBCQCKNCLFM NPGLAGN?JKCLRCCKCTCLRMQBC,5+<9​(5*,BC
    JMLE?BSP?ŽM
    .Q?OSCAGKCLRMQ BCD?RM KCJFMP?KMBCQCKNCLFM4K?PCTGQŽMB?JGRCP?RSP?GLBGA?OSC?PCQNMQR?N?P?CQQ?OSCQRŽM
    YQGK^ OSCAGKCLRMQ?RGTMQKCJFMP?KMBCQCKNCLFMCK?RGTGB?BCQBCASPR?BSP?ŽMC?JR?NMR‘LAG?.BCQCKNCLFMLM
    Q?JRMTCPRGA?JKCJFMPMSACPA?BC?CKTGPRSBCBM?OSCAGKCLRM?RGTMBCGLRCLQGB?BCKMBCP?B?.BCQCKNCLFMCK
    ?RGTGB?BCQBCASPR?BSP?ŽMC?JR?NMR‘LAG?NMBCA?GP LMCLR?LRM QCM?OSCAGKCLRMDMPKSGRMGLRCLQMMSQCLŽMFMSTCP
    RCKNM BC PCASNC​P?ŽM QS¤AGCLRC CLRPC M ?OSCAGKCLRM C ? ?RGTGB?BC  M OSC PCQSJR? CK BGKGLSGŽM B? BGQNMLG@GJGB?BC BC
    DMQD?RMQ GLRP?​KSQASJ?​PCQ  3/ C /"  .Q ?OSCAGKCLRMQ ?RGTMQ QŽM A?N?XCQ BC KCJFMP?P JGECGP?KCLRC M BCQCKNCLFM CK
    R?PCD?Q BC BSP?ŽM GL​RCP​KC​BGŠ​PG?  QCESLBMQ ?  KGL  C L?OSCJ?Q BC JMLE? BSP?ŽM K?GQ BC  KGL  BCQBC OSC MQ
    ?OSCAGKCLRMQNCPKGR?KOSC?NCQQM?AMKCACMCTCLRMCKCQR?BMBCLŽMD?BGE? K?QQGKAMKAMLQSKMBCMVGE‘LGMK?GQ
    ?ACL​RS?BM.Q?OSCAGKCLRMQN?P?CQQCQRGNMQBCR?PCD? NMPR?LRM NMBCKQCPBCGLRCLQGB?BC@?GV?MSK?GQ?JR? AMLR?LRM
    OSC?PCASNC​P?ŽMQS¤AGCLRCMAMPP?CLRPCM¤L?JBM?OSCAGKCLRMCMGL”AGMBMCTCLRM QQGK M?OSCAGKCLRM?RGTMA?N?X
    BCNPMKMTCP?JESK?KCJFMP?LMBCQCKNCLFMQCDMPCQRPSRSP?BMBCK?LCGP?AMPPCR?N?P?MCTCLRMCKN?P​RGASJ?P

    ! 

    DD6DD‚6D56EC6:?2>6?E@86C2=>6?E64@?D:DE6>6>2BF64:>6?E@2E:G@4@CA@52D6DDv@6C6D7C:2>6?E@
    %2BF64:>6?E@2E:G@A@56>6=9@C2C@56D6>A6?9@7{D:4@
    %2BF64:>6?E@86C2=4@?D:DE66>2E:G:5256?v@C6=24:@?2524@>2E2C672@FEC6:?2>6?E@2D6CC62​=:​J25@
    %2BF64:>6?E@6DA64{L4@2@6DA@CE64@?D:DE66>2E:G:52566DA64:L42>6?E6C6=24:@?2524@>2E2C672@F@EC6:?2>6?E@2D6CC62=W 
    J25@
    % 2=@?82>6?E@ :>65:2E2>6?E6 2?E6D 52 2E:G:5256 7{D:42 A@56 C65FJ:C 2 A@Ey?4:2 6 2 7@Cw2 >sI:>2 ?2D A6DD@2D EC6:?252D 6 ?v@
    EC6:?252D

    .NCP”M​BMBCPCQDPG?KCLRMOSCAMLQGQRCCK?RGTGB?BC?CP™@G?JCTC?@?GVMBMJGKG?PBMŠAGBMJŠARGAM NMPACPA?BC?
    KGLPC?​JG​X?BM?N™QKSGR?QQCQQCQBCRPCGL?KCLRM4KBMQM@HCRGTMQBMPCQDPG?KCLRMCTGR?POSCMQ?LESCQC?ASKS​
    JC LMQ KCK@PMQ GLDCPGMPCQ  M OSC NMBC A?SQ?P RMLRSP?Q  TCPRGECLQ C ?R KCQKM BCQK?GM ?N™Q SK? QCQQŽM TGEMPMQ? BC
    RPCGL?KCLRM . PCQDPG?KCLRM R?K@K ?HSB? L? PCBSŽM B? ?AGBMQC Q?LES”​LC? TCP "?N”RSJM   Y,?VGKGX?ŽM B? PCASNC​
    P?ŽM^  $K@MP? LŽM PCJ?AGML?B? AMK ? BMP ​KSQASJ?P ?N™Q ? QCQQŽM BC RPCGL?KCLRM BMP ​KSQASJ?P BC GL”AGM R?PBGM  ?
    PCKMŽMBMJ?AR?RMQ?LES”​LCMMS?BGKGLSGŽMB??AGBCXBCQ?LESCC​KžQASJM?HSB?L?PCASNC​P?ŽMGKCBG?R?KCLRC?N™Q?
    QCQQŽMBCRPCGL?KCLRM

    4BCA48=0<4=C>

    .45CDB59>1=5>D?D?XPCDCP‘LAG?NCPB?B?Q?B?NR?CQ¤QGMJ™EGA?QOSCMAMPPCAMK?GLRCPPSNŽMRMR?JBMRPCGL?KCLRM
    MSDPCLRCPCBSŽMBMTMJSKCCB?GLRCLQGB?BCBMRPCGLM$QQCNPMACQQMNMBC?AMLRCACP?N™QMRPCGL?KCLRMPCQGQRGBMMS
    ?CP™@GM NCPB?B?Q?B?NR?CQ¤QGMJ™EGA?QBSP?LRCMBCQRPCGL?KCLRMSK?GKNMPR?LRCAMLQGBCP?ŽMN?P??RJCR?QDMP?BC
    RCKNMP?B? C N?P? MQ CLRSQG?QR?Q BM RPCGL?KCLRM D”QGAM OSC CLRP?K BC DPG?Q NMP  QCK?L?Q OSG T?KMQ LMQ AMLACLRP?P
    QM@PCRSBM  L?Q ?JRCP?CQ LM BCQCKNCLFM D”QGAM OSC MAMPPCK BSP?LRC M BCQRPCGL?KCLRM . BCQRPCGL?KCLRM R?K@K D?X
    AMK OSC MQ @CLCD”AGMQ N?P? ? Q?ž​BC NPMKMTGBMQ NCJM RPCGLM QCH?K NCPBGBMQ N™Q  KCQCQ BC RPCGL?KCLRM ?CP™@GM OSC
    PCQSJR?K CK ?JRCP?CQ NMQGRGT?Q L?Q JGNMNPMRC”​L?Q  SK NCP”M​BM BC  BG?Q BC GL?RGTGB?BC MA?QGML? CJCT?ŽM BM +#+ "
    NMPK LCLFSK? KSB?L? QGELG¤A?RGT? LM '#+ " B?NR?CQ BGQRGLR?Q  AMKM LMQ +#+ " C '#+ " M@QCPT?BMQ
    ?LRCPGMPKCLRC  NMBCK QCESGP N?BPCQ BGDCPCLRCQ BC KSB?L? BSP?LRC M BCQRPCGL?KCLRM  NCPB? B?Q ?B?NR?CQ
    ¤QGMJ™EGA?Q BSP?LRC M BCQRPCGL?KCLRM R?K@K  ?DCR?B? NCJ? GB?BC  NCJ? BSP?ŽM BM NCP”M _ M BC RPCGL?KCLRM ?LRCQ BM
    BCQRPCGL?KCLRM  NCJ? GLRCLQGB?BC C NCJM TMJSKC BM RPCGL?KCLRM ?LRCQ BM BCQRPCGL?KCLRM QQGK  CK@MP? ?Q BGDCPCLRCQ
    ?B?NR?CQ ¤QGMJ™EGA?Q QMDP?K BCAJ”LGM CK R?V?Q BGQRGLR?Q BSP?LRC M BCQRPCGL?KCLRM  CTCLRS?JKCLRC RMB?Q ?Q ?B?NR?CQ
    ¤QGMJ™EGA?QNPMKMTGB?QNCJMRPCGL?KCLRMTŽMA?GP

    ?E6CCFAwv@5@EC6:?2>6?E@567@Cw2
    GLRCPPSNŽMRMR?JBMRPCGL?KCLRMBCDMP?JCT?NCPB?BCDMP?CNMR‘LAG? NMPKCQQ?NCPB?NMBCQCP@?QR?LRCT?​PGŠ​
    TCJ  ​ŠPC? RP?LQTCPQ?J B? ¤@P? h SQASJ?P BM RGNM ( NMBC QCP K?LRGB? BSP?LRC NCP”M_ MQ BC BCQRPCGL?KCLRM ASPRMQ 
    
    QCK?L?Q  NMPK ? BM RGNM (( BGKGLSG AMLQGBCP?TCJKCLRC  #C KMBM GLRCPCQQ?LRC  M PCRPCGL?KCLRM ?N™Q RPCGL?KCLRM
    CVRCLQGTM NPTGM  A?N?X BC RP?XCP BC TMJR? M R?K?LFM B? ¤@P? h SQASJ?P CK TCJMAGB?BC K?GQ ?JR? OSC ?OSCJ? BSP?LRC ?
    FGNCPRPM¤?GLGAG?JB?¤@P? PCQN?JB?LBMMRCPKMYKCK™PG?KpQASJ?P^AMKSKCLRCSQ?BML?JGLES?ECKBMRPCGL?KCLRM
    $KECP?J MAMPPCSK?NCPB?PCJ?RGT?KCLRCPŠNGB?BCDMP?CNMR‘LAG?L?QNPGKCGP?QQCK?L?QBMBCQRPCGL?KCLRM QCESGB?
    NMPNCPB?K?GQEP?B?RGT?B?A?N?AGB?BCAMKM?SKCLRMB?BSP?ŽMBMBCQRPCGL?KCLRM
    N™Q NCP”M​BMQ BC BCQRPCGL?KCLRM BC K?GQ BC  QCK?L?Q  MQ T?JMPCQ BC DMP? B? NMA? BM RPCGL?KCLRM BGKGLSCK BC
    K?LCGP?AMLQGBCPŠTCJ K?Q?GLB??QQGKNCPK?LCACKQGELG¤A?RGT?KCLRCK?GMPCQOSCMQT?JMPCQBC?LRCQBMRPCGL?KCLRM
    /MP CVCKNJM  ?N™Q  QCK?L?Q BC BCQRPCGL?KCLRM BCNMGQ BC  QCK?L?Q BC RPCGL?KCLRM  MQ NGAMQ BC RMPOSC GQMAGLRGAM
    CVA‘LRPGAM C AMLA‘LRPGAM BMQ CVRCLQMPCQ BM HMCJFM ?NPCQCLR?P?K BGKGLSGŽM BMQ T?JMPCQ RPCGL?BMQ BC  C 
    PCQNCARGT?KCLRCLMCLR?LRM NCPK?LCACP?KC PCQNCARGT?KCLRC ?AGK?BMQT?JMPCQ?LRCPGMPCQ?MRPCGL?KCLRM
    . BCQCKNCLFM D”QGAM  CK N?PRC BCRCPKGL?BM NCJ? DMP? C NMR‘LAG? KŠVGK?Q  R?K@K A?G BSP?LRC MQ NCP”M​BMQ BC
    BCQRPCGL?KCLRM )ME?BMPCQ BC F?LBC@MJ KMQRP?P?K ?SKCLRMQ GKNMPR?LRCQ L? TCJMAGB?BC BM ?PPCKCQQM B? @MJ? C L?
    A?N?AGB?BC BC NSJM BSP?LRC  QCK?L?Q BC RPCGL?KCLRM $LRPCR?LRM  ?M JMLEM BC  QCK?L?Q BC BCQRPCGL?KCLRM  ?
    TCJMAGB?BCBM?PPCKCQQMB?@MJ?BGKGLSGSAMLQGBCP?TCJKCLRCCK C?A?N?AGB?BCBCQ?JRMA?GSACPA?BC 
    "MLDMPKC M@QCPT?BM L?Q BGDCPCL?Q CLRPC ?Q ?JRCP?CQ LM NGAM BC RMPOSC AMLA‘LRPGAM C CVA‘LRPGAM  L? TCJMAGB?BC BM
    ?PPCKCQQM B? @MJ? C L? A?N?AGB?BC BC Q?JRM TCPRGA?J  ? OS?LRGB?BC BC DMP? MS NMR‘LAG? BCRCPKGL?B? ?DCR?PŠ M PGRKM B?Q
    ?JRCP?CQC?OS?LRGB?BCBCKSB?L?BSP?LRCMNCP”M​BMBCBCQRPCGL?KCLRM$KECP?J ?NMR‘LAG?​KSQASJ?PBGKGLSGK?GQ
    P?NGB?KCLRC OSC ? DMP? KŠVGK? DPCLRC  QSQNCLQŽM BM RPCGL?KCLRM   GB?BC R?K@K GL¥SCLAG? ? TCJMAGB?BC B?Q
    KSB?L?Q L? DMP? BSP?LRC M BCQRPCGL?KCLRM  QCLBM OSC ?Q NCQQM?Q K?GQ TCJF?Q ECP?JKCLRC BCKMLQRP?K PCBSCQ K?GQ
    PŠNGB?Q  GLRCLQGB?BC BM RPCGL?KCLRM R?K@K NMBC ?DCR?P ? TCJMAGB?BC B? NCPB? BC DMP? AMK ? GLRCPPSNŽM BM
    RPCGL?KCLRM#SP?LRCQCK?L?QBCBCQRPCGL?KCLRM?N™QRPCGL?KCLRMBCGLRCLQGB?BC@?GV?BC1, KMBCP?B?
    BC1, C?JR?BC1, FMKCLQAMKGB?BCCLRPCC?LMQPCTCJ?P?KPCBSCQAMLQGBCPŠTCGQBCDMP?
    -M CLR?LRM  ? NCPB? B? DMP? L? PCEGŽM QSNCPGMP C GLDCPGMP BM AMPNM BSP?LRC M BCQRPCGL?KCLRM KMQRPMS PCJ?ŽM AMK ?
    GLRCLQGB?BC QCLBMMRPCGL?KCLRMBC@?GV?GLRCLQGB?BC?OSCJCOSCBCKMLQRPMS?QPCBSCQK?GQ?JR?Q? QCESGBM
    NMP RPCGL?KCLRM BC GLRCLQGB?BC KMBCP?B?  ?   C RPCGL?KCLRM BC ?JR? GLRCLQGB?BC  ?   ,SGRMQ D?RMPCQ
    GL¥SCLAG?K?TCJMAGB?BCC?K?ELGRSBCB?Q?JRCP?CQCKDMP?CNMR‘LAG?BSP?LRCMBCQRPCGL?KCLRM NMPK?DMP?C?
    NMR‘LAG?CTCLRS?JKCLRCBCA?CKDPCLRCQSQNCLQŽMBMRPCGL?KCLRMBCDMP?

    )65Fwv@5@G@=F>65@EC6:?2>6?E@567@Cw2
    vNMQQ”TCJPCBSXGPMTMJSKCBMRPCGL?KCLRMBCDMP?NMPKCGMB?BGKGLSGŽMB?OS?LRGB?BCBCQPGCQPC?​JG​X?B?Q B?QMK?
    B?QPCNCRGCQNMPQPGCCMSB?DPC​OS‘LAG?BMRPCGL?KCLRM!MVC .QCQRSBMQOSCCV?KGL?P?KMCDCGRMB?PCBSŽM
    BMTMJSKCBCRPCGL?KCLRMBCDMP? L?K?GMPG?B?QTCXCQ CLTMJTCP?KDPC​OS‘LAG?BCRPCGL?KCLRMKCLMP N™QQCK?L?Q
    BCRPCGL?KCLRMGQMAGLRGAMAMLA‘LRPGAM ?DMP?KŠVGK?DMGK?LRGB?NMPQCK?L?QCKDPC​OS‘LAG?BCRPCGL?KCLRMBCMS
     TCXCQQCK?L? N™Q  QCK?L?Q BC RPCGL?KCLRM PC?​JG​X?BM  TCXCQQCK?L?  ? DMP? KŠVGK? LM 3,. 79,::  1,  LŽM
    PCTCJMSBGKGLSGŽMQGELG¤A?RGT?BSP?LRCQCK?L?QBCRPCGL?KCLRMAMK?NCL?QQCQQCQ?A?B?QCK?L?Q-?TCPB?BC
    ?DMP?L?NCPL?PC?JKCLRC?SKCLRMSBSP?LRC??KCR?BCB?QQCK?L?QBCBCQRPCGL?KCLRMC BCNMGQBGQQM A?GSSK
    NMSAM BSP?LRC?žJRGK?KCR?BCBMBCQRPCGL?KCLRM/?PCACOSC?PCQRPGŽMB?DPC​OS‘LAG?BMRPCGL?KCLRMN?P?MS
    QCQQCQQCK?L?GQ?N™QDPC​OS‘LAG?BCRPCGL?KCLRMK?GQCJCT?B?K?LRK QGK MQL”TCGQBCDMP?NMPNCP”M​BMQPCJ?RGT?KCLRC
    JMLEMQ BCQBCOSC?GLRCLQGB?BCBMRPCGL?KCLRMQCH?K?LRGB?
    . CDCGRM B? PCBSŽM BM TMJSKC BC RPCGL?KCLRM R?K@K  GKNMPR?LRC N?P? MQ NPMEP?K?Q PC?​JG​X?BMQ BSP?LRC SK?
    RCKNMP?B?BCAMKNCRGŽMN?P??RJCR?Q2GKGJ?PQGLDMPK?CQ?NPCQCLR?B?Q?LRCPGMPKCLRC N?PCACOSCMSQCQQCQBC
    RPCGL?KCLRMBCDMP?AMLQCESCKAMLQCPT?PMQL”TCGQBCDMP?NMPNCP”M​BMQPCJ?RGT?KCLRCJMLEMQBSP?LRCSK?RCKNMP?B?
    QC ? GLRCLQGB?BC BM RPCGL?KCLRM DMP K?LRGB? M JMLEM B? RCKNMP?B? BC  QCK?L?Q  HME?BMPCQ BC @?QOSCRC LŽM
    PCTCJ?P?K BGKGLSGŽM GKNMPR?LRC LMQ L”TCGQ BC DMP? KŠVGK? C A?N?AGB?BC BC Q?JRM TCPRGA?J Z ?   NMPK ?
    A?N?AGB?BCBC:7905;ASPRMBCAJGLMSAMLQGBCP?TCJKCLRC /?PCACOSCNMQQ”TCJK?LRCPMQL”TCGQBCDMP?KŠVGK?CK
    ?RJCR?QBSP?LRCSK?RCKNMP?B?AMKDPC​OS‘LAG?QBCRPCGL?KCLRMBCMSTCXCQQCK?L? AMLRSBM?JESLQBCAPCKCLRMQCK
    MSRP?QKCBGB?QBMBCQCKNCLFMNMBCKMAMPPCP4K?QNCARMGKNMPR?LRCB?PCBSŽMBMTMJSKCBCRPCGL?KCLRMBCDMP?
    N?P? ?RJCR?Q BSP?LRC SK? RCKNMP?B?  OSC MSRPMQ RGNMQ BC RPCGL?KCLRM QŽM PC?​JG​X?BMQ  M OSC NMBC ?HSB?P ? ?RCLS?P ?Q
    BGKGLSGCQ BMQ L”TCGQ BC DMP? KŠVGK? C BCQCKNCLFM . @?<9=5>D?  PCBSŽM NJ?LCH?B? BM TMJSKC BC RPCGL?KCLRM C
    NMQQGTCJKCLRC B? GLRCLQGB?BC TCP 1CDCP‘LAG?Q  C    SQ?BM NMP KSGRMQ ?RJCR?Q N?P? ?RGLEGP M NGAM MS K?VGKGX?P M
    BCQCKNCLFMGKCBG?R?KCLRC?N™QCQQCCDCGRM!MVC 

    ,4&  ;
    7:d)-+76,1+176)5-6<7-527/),7:-;,-*);9=-<-=61>-:;1<`:17;
    >4B51E4I#)
    ::0:;(5;;/3,;0*09,*;69-69 769;,9-694(5*,
    "50=,9:0;@6-(5:(:;/3,;0*:
    (>9,5*,

    $K P?XŽM B?Q PGA?Q RP?BGCQ C BM QSNMPRC GJGKGR?BM OSC ? 4LGTCPQGRW MD *?LQ?Q  QS? AMKSLGB?BC C QCSQ ?JSLMQ
    DMPLCACK  QMKMQ A?N?XCQ BC RPCGL?P CK SK? B?Q KCJFMPCQ GLQRGRSGCQ BM N?”​Q .Q ?RJCR?Q TŽM N?P? M *?LQ?Q N?P?
    QCESGPMQN?QQMQBCNCQQM?Q?LRCQBCJCQ+CLB?QBM@?QOSCRCAMKM6GJR"F?K@CPJ?GL #?LLW,?LLGLEC/?SJ/GCPAC
    GKNSR?P?K SK? @?QC BC RP?@?JFM BSPM C BCBGA?ŽM N?P? MQ ?RJCR?Q BC FMHC /MPR?LRM   DSLB?KCLR?J OSC L™Q
    RALGAMQ ?HSBCKMQ?GLQRGJ?PCQQ?QOS?JGB?BCQCKLMQQMNPMEP?K?BCRPCGL?KCLRMC?BCPGPQKCJFMPCQ¤JMQM¤?QBC
    RPCGL?KCLRMOSC?NCQOSGQ?DMPLCAC
    "MKMNPCN?P?BMP?D”QGA? KGLF?KGQQŽMNPCN?P?PLMQQMQ?JSLMQ ?RJCR?QD”QGA?CKCLR?JKCLRCN?P?MQPGEMPCQBMQ
    HMEMQ GLRCPAMJCEG?GQ AMK GLRCEPGB?BC C CVACJ‘LAG? #MGQ M@HCRGTMQ NPGLAGN?GQ BM LMQQM NPMEP?K? BC DMP? C
    AMLBGAGML?KCLRM QŽM ?NPGKMP?P M BCQCKNCLFM CQNMPRGTM C NPCTCLGP JCQCQ NMP KCGM BC TŠPG?Q RALGA?Q BC
    RPCGL?KCLRMCPCASNC​P?ŽM
    ,GLF? ¤JMQM¤? AMLQGQRC CK RPCGL?KCLRM PCQGQRGBM LM CQRGJM CVNJMQGTM LM AFŽM 4RGJGXM JCT?LR?KCLRM BC NCQM
    JCT?LR?KCLRMBCNMR‘LAG?CRPCGL?KCLRMPCQGQRGBM
    ,GLF?¤JMQM¤?BCNPMEP?K?ŽMSQ?SKKMBCJMBCNCPGMBGX?ŽMLŽMJGLC?PAMKRCLB‘LAG?QBCNCPGMBGX?ŽM M
    JMLEMBMQKCQMAGAJMQ MAMPPC?SKCLRMB?A?PE?CBGKGLSGŽMBMTMJSKC$VGQRCKRGNMQBCNCPGMBGX?ŽMLŽMJGLC?P
    . NPGKCGPM RGNM  ? NCPGMBGX?ŽM LŽM JGLC?P NJ?LCH?B?  ? OS?J MAMPPC L? N™Q RCKNMP?B?  LM TCPŽM C L?Q NP
    RCKNMP?B?Q /CPACLRS?GQ N?P? ? K?GMPG? BMQ CVCPA”AGMQ BC AMPC BC JCT?LR?KCLRM QŽM SQ?BMQ C A?B? BG? RCK SK
    M@HCRGTMCQNCA”¤AM/MPCVCKNJM MMBG?AMLQGQRCCKSKAGPASGRMBCTMJSKC?JRM QCLBM?A?N?AGB?BCBCRP?@?JFM
    PCQNMQR? FMPKML?J  M M@HCRGTM NPGLAGN?J . M BG? AMLQRGRSG SK? QCQQŽM BC RPCGL?KCLRM BC DMP?TCJMAGB?BC AMK
    A?PE?Q?JR?QC@?GVMTMJSKC QCLBMMK?GMPPCAPSR?KCLRMLCSPM​KSQASJ?P?KCR?NPGLAGN?J.MBG?SKBG?R”NGAM
    BC DMP?  CJ?@MP?BM AMK Q”LRCQC BC NPMRC”​L? C PCAPSR?KCLRM LCSPM​KSQASJ?P AMKM ?JTM NPGLAGN?J . M BG?  M BC
    TCJMAGB?BCDMP?AMKA?PE?QNPGLAGN?JKCLRC@?GV?Q?KBG?QC‘LD?QCL?TCJMAGB?BCBMKMTGKCLRMQM@BCRCPKGL?B?
    A?PE?
    . QCESLBM RGNM  ? NCPGMBGX?ŽM LŽM JGLC?P ¥CV”TCJ OSC MAMPPC BSP?LRC ? RCKNMP?B? CQNMPRGT? Q QCQQCQ BM
    RPCGL?KCLRMAMKNCQMQŽM@?​QC?​B?Q?NCL?QLMOSCMAMPPCBSP?LRC?QCQQŽMCQNMPRGT?CQNCA”¤A? LCQQCA?QM ?NPŠRGA?
    BM @?QOSCRC 2C ? NPŠRGA? L? OS?BP?  AMKNJCKCLR?B? AMK ?RGTGB?BCQ QGLAPšLGA?Q BC AMPPGB? C Q?JRM BC ?JR?
    GLRCLQGB?BC ?QCQQŽMBCRPCGL?KCLRMAMKNCQMKCLMQGLRCLQ?CLMPK?JKCLRC?NPCQCLR?OS?JGB?BCQ?QQGLAPšLGA?Q
    AMKM SK AGPASGRM 2C ? NPŠRGA? CK OS?BP? LŽM DMP GLRCLQ?  GQRM   AMK ?PPCKCQQMQ  CLRŽM ? QCQQŽM BC RPCGL?KCLRM
    PCQGQRGBMK?GQNMBCPMQ?CGLRCLQ?CNPCCLAFGB?AMK?RGTGB?BCQ?QQGLAPšLGA?Q AMKMQCQQŽMBCDMP?TCJMAGB?BCMS
    TCJMAGB?BCDMP? K?GMPG?BMQCVCPA”AGMQBCAMPCBCJCT?LR?KCLRM?NPCQCLR?SK?T?PG?ŽMBCNCPACLRS?J K?QLŽM?
    NMPACLR?ECKCQNCA”¤A?OSCSQ?B?#SP?LRCSK?RCKNMP?B? BCQBCOSC?T?PG?ŽMB?NMPACLR?ECKQCH?SQ?B? ?Q
    A?PE?QCQNCA”¤A?QNMPNCQQM?QŽM?SRMPPCESJ?B?Q
    vGKNMPR?LRCOSCQCRCLF?SKKMBCJM​?LS?JOSCQGPT?BC@?QCQ™JGB?N?P?MNPMEP?K? K?QOSCR?K@KQCH?BM
    RGNM OSC QC NMQQ? ?JRCP?P ? OS?JOSCP KMKCLRM BC ?AMPBM AMK ?Q PCQRPGCQ BM RPCGL?KCLRM CQNMPRGTM $K MSRP?Q
    N?J?TP?Q  DMPLCACKMQ SK? CQRPSRSP? Q™JGB?  NMPK ?HSQRŠTCJ Q PCQRPGCQ B? COSGNC CMS LCACQQGB?BCQ GL​BG​TG​BS?GQ
    B?OSCJCQAMK?JESK?JCQŽMMSM@HCRGTMQCQNCA”¤AMQ

    ,4&  <
    7415-6<787,-5-407:):7,-;-58-607
    RJCR?Q BC CQNMPRCQ ?L?CP™@GMQ C BC ,5+<9(5*, SRGJGX?K M NMJGKCLRM N?P? K?VGKGX?P M BCQCKNCLFM L? AMKNCRGŽM
    CQNCA”¤A?  PCBSŽM BM TMJSKC CMS B? GLRCLQGB?BC BM RPCGL?KCLRM NMP SK ASPRM NCP”M _ M BC RCKNM PCQSJR? CK
    PCASNC​P?ŽM BM RPCGL?KCLRM NPTGM C  RCMPGA?KCLRC  QSNCPAMKNCLQ?ŽM MS ?SKCLRM B?Q A?N?AGB?BCQ BM
    BCQCKNCLFM.NMJGKCLRMSQ?BMNMPKSGRMQ?RJCR?Q GLAJSQGTC?RJCR?QMJ”KNGAMQBCJCT?LR?KCLRMBCNCQM L?R?ŽM
    RPG?RJM AMPPGB?CAGAJGQKM.NMJGKCLRMNMBCPCQSJR?PL?QQCESGLRCQNPMEPCQQCQ

    ?LMBCQCKNCLFMBMQAPGRPGMQBMAGAJGQKM
    ?RL?NMR‘LAG?CDMP?
    ?LM5\.NGAM
    LMTMJSKCBCFCKŠAG?QQ?LES”​LC?Q
    L?RCQRMQRCPML?QPGA?
    L?QAJSJ?QGKSLCQ?LRG GL¥?K?R™PG?Q
    ,CJFMP?BMQCQR?BMQBCFSKMP

    3MBMQ CQQCQ D?RMPCQ PCQSJR?K CK KCJFMP? BM BCQCKNCLFM .Q E?LFMQ CK BCQCKNCLFM NPMKMTGBMQ NCJM
    NMJGKCLRM NMBCK QCP @?QR?LRC T?​PGŠ​TCGQ  NMPK  E?LFMQ ?R KCQKM NCOSCLMQ NMBCK QCP TŠJGBMQ N?P? M ?RJCR?
    CQNCAG?JKCLRC L? AMKNCRGŽM GKNMPR?LRC . NMJGKCLRM NMBC BSP?P BC  ?  BG?Q C  LMPK?JKCLRC  CLTMJTC
    K?LSRCLŽM MS JGECGP? GLRCLQG¤A?ŽM BM RPCGL?KCLRM $K ECP?J  M TMJSKC BC RPCGL?KCLRM  BC  ? 
    BCNCLBCLBMBML”TCJBCD?BGE?BM?RJCR? BMRGNMBC?RJCR?CB?CVRCLQŽMBMNMJGKCLRM4KCVCKNJMBCNMJGKCLRM
    SQ?BM NCJMQ HME?BMPCQ BC F?LBC@MJ ?N™Q EP?LBCQ TMJSKCQ BC RPCGL?KCLRM PCQGQRGBM NMP  QCK?L?Q AMLQGQRGS CK
    RPCGL?KCLRMBCDMP?SQ?LBM?BC1,NMPMSQPGCQBCA?B?CVCPA”AGM AMK?PCNCRGCQNMPQPGC
    . NMJGKCLRM NPMKMTCS E?LFMQ BC  LM JCT?LR?KCLRM BC NCQM CK QSNGLM FMPGXMLR?J BC  1,   LM
    ?E?AF?KCLRM BC  1,  E?LFMQ GKNMPR?LRCQ R?LRM LM JCT?LR?KCLRM BC NCQM CK QSNGLM FMPGXMLR?J OS?LRM LM
    ?E?AF?KCLRM AMK A?PE?  NMPK LCLFSK GLAPCKCLRM AMLQGBCPŠTCJ L? A?N?AGB?BC BC Q?JRM . NMJGKCLRM NMBC QCP
    N?PRCGKNMPR?LRCBMNJ?LMBCRPCGL?KCLRMBCSK?RJCR?

    %121>g:/5-?
     (XOSGCPBM )  (@?LCX )  &MLX?JCX !?BGJJM ))  CR ?J #CRP?GLGLE ?LB R?NCPGLE CDDCARQ ML FMPKML?J PCQNMLQCQ ?LB
    QRPCLERFNCPDMPK?LAC)2RPCLERF"MLB1CQZ
     6GJQML), 6GJQML&) NP?ARGA?J?NNPM?AFRMRFCR?NCP2RPCLERF"MLB) Z

    *FDA6?Dv@5@EC6:?2>6?E@566?5FC2?46
    QSQNCLQŽMBMRPCGL?KCLRMBC,5+<9(5*,PCQSJR?CKBGKGLSGŽMPCJ?RGT?KCLRCPŠNGB?B?5\.NGAM.NGAMBMAMLQSKMBC
    MVGE‘LGMA?GACPA?BCLMQHME?BMPCQFMKCLQ BC@?QOSCRCOSCGLRCPPMKNCKMRPCGL?KCLRMNMPQCK?L?Q?M¤L?JB?
    RCKNMP?B? PCBSŽMB?5\.NGAMNMBCQCP@?QR?LRCT?​PGŠ​TCJC CKN?PRC BCNCLBCLRCB?CVRCLQŽMBMRPCGL?KCLRMCB?Q
    A?N?AGB?BCQ ?CP™@G?Q ?LRCQ B? QSQNCLQŽM BM RPCGLM RJCR?Q ?JR?KCLRC RPCGL?BMQ  AMK 5\.NGAM CJCT?BM L?Q NPGKCGP?Q 
    QCK?L?QBCGLRCPPSNŽMBMRPCGL?KCLRM KMQRP?KPCBSCQBM5\.NGAMOSCT?PG?KBC?$LRPCR?LRM ?OSCJCQAMK
    T?JMPCQ BC 5\.NGAM KCLMPCQ MS NCP”M​BMQ BC RPCGL?KCLRM K?GQ ASPRMQ  ?  QCK?L?Q  ?LRCQ B? QSQNCLQŽM BMQ RPCGLMQ
    CVG@CKPCBSCQKCLMPCQLM5\.NGAM T?PG?LBMBC?CLRPC??C??QCK?L?B?GLRCPPSNŽMBMRPCGL?KCLRM-MQ
    A?QMQ M5\.NGAMNCPK?LCAC?AGK?BMQT?JMPCQLŽMRPCGL?BMQ
    ,SGRMQ D?RMPCQ AMLRPG@SCK N?P? ? BGKGLSGŽM B?Q A?N?AGB?BCQ ?CP™@G?Q MA?QGML?B?Q NCJ? QSQNCLQŽM BM RPCGL?KCLRM
    PCBSŽMGLGAG?JLM5\.NGAMBCAMPPCLRCBMPŠNGBMBCAJ”LGMBMTMJSKCQ?LES”​LCM PCQSJR?LBMCKBGKGLSGŽMBMTMJSKC
    QGQR™JGAM  M OS?J LŽM NMBC QCP AMKNCLQ?BM NCJ? GLRCLQG¤A?ŽM B? %" BSP?LRC M CVCPA”AGM (QQM NPMKMTC ? PCBSŽM BM
    B@GRM A?PB”?​AM KŠVGKM B@GRM A?PB”?​AM  %" n TMJSKC QGQR™JGAM  C  NMPR?LRM  BGKGLSGŽM BM QSNPGKCLRM Q?LES”​LCM C
    DMPLCAGKCLRMBCMVGE‘LGMN?P?MRCAGBM.TMJSKCBG?QR™JGAMA?PB”?​AM¤L?JR?K@KA?G MOSCAMLRPG@SGN?P??PCBSŽMBM
    TMJSKCQGQR™JGAMTMJSKCQGQR™JGAMTMJSKCBG?QR™JGAM¤L?JZTMJSKCQGQR™JGAM¤L?JTCP"?N”RSJM  K?QQ?TCLRmGASJ\ P
    CQOSCPB?R?K@KNMBCPCBSXGPAMK?QSQNCLQŽMBMRPCGL?KCLRM ?RGTGB?BCB?QCLXGK?Q?CP™@G?Q?NJ?A?B? NMPK?Q
    CLXGK?Q CQNCA”¤A?Q CVNPCQQ?K PCQNMQR?Q T?mGŠqCGQ  GLRCPPSNŽM BM RPCGL?KCLRM  BCLQGB?BC KGRMAMLBPG?J BGKGLSG
    CLOS?LRM?BCLQGB?BCA?NGJ?PNCPK?LCACGL?JRCP?B? P?XŽMBCRPMA?PCQNGP?R™PG?CKQCK?L?QBCRPCGL?KCLRMQSQNCLQM
    APCQACBCK?LCGP?QS@QR?LAG?J ?  BSP?LRCMCVCPA”AGM?B?5\.NGAM GLBGA?LBM?SKCLRMB?BCNCLB‘LAG?BM
    A?P@MGBP?RM AMKM AMK@SQR”TCJ KCR?@™JGAM TCP "?N”RSJM   -ŽM QC BCTC CQOSCACP OSC  NMP JGRPM BC MVGE‘LGM  M
    KCR?@MJGQKM?CP™@GMBMQA?P@MGBP?RMQECP?K?GQCLCPEG? 3/ BMOSCMKCR?@MJGQKM?CP™@GMB?QEMPBSP?Q QPCQCPT?Q​
    KSQASJ?​PCQ BC EJGAME‘LGM BGKGLSCK P?NGB?KCLRC ?R  CK  QCK?L?Q  C ? QCLQG@GJGB?BC  GLQSJGL?  KCLMP
    AMKNPMKCRCLBM ? A?N?AGB?BC BC SRGJGX?ŽM BM A?P@MGBP?RM AMKM QS@QRP?RM KCR?@™JGAM 3MBMQ CQQCQ D?RMPCQ
    AMKNPMKCRCK ? A?N?AGB?BC BC PC?​JG​X?P KCR?@MJGQKM ?CP™@GM  MA?QGML?LBM BCAJ”LGM B? A?N?AGB?BC BC NP?RGA?P ?RGTGB?BC
    ?CP™@G?KŠVGK?

    )65Fwv@5@G@=F>656EC6:?2>6?E@566?5FC2?46
     PCBSŽM BM TMJSKC BC RPCGL?KCLRM BC ,5+<9(5*, NMBC QCP DCGR? NMP KCGM B? BGKGLSGŽM BM TMJSKC BM RPCGL?KCLRM
    NP?RGA?BM CK SK? QCQQŽM MS NCJ? PCBSŽM B? DPC​OS‘LAG? BMQ RPCGLMQ  GLRCP?ŽM CLRPC TMJSKC C GLRCLQGB?BC BC
    RPCGL?KCLRM  GKNMPR?LRC OS?LBM BCQCH?KMQ PCBSXGP M TMJSKC BM RPCGLM  BGKGLSGŽM B? GLRCLQGB?BC BM RPCGL?KCLRM
    KCQKM OSC ? DPC​OS‘LAG? C M TMJSKC QCH?K K?LRGBMQ  PCQSJR? CK BCAJ”LGM B?Q A?N?AGB?BCQ ?CP™@G?Q CK NCQQM?Q AMK
    RPCGL?KCLRM?CP™@GMNMPASPRMQNCP”M​BMQBCRCKNMQCK?L?Q MSCK?RJCR?Q?JR?KCLRCRPCGL?BMQ/?P?AMLQCPT?P?Q
    A?N?AGB?BCQ ?CP™@G?Q BSP?LRC MQ NCP”M​BMQ BC TMJSKC KCLMP BC RPCGL?KCLRM  ? GLRCLQGB?BC BCTC QCP K?LRGB? Q NCQQM?Q
    AMKRPCGL?KCLRM?CP™@GMKMBCP?BMQCK?L?QBCRPCGL?KCLRM AMLQCESCKPCRCP?QA?N?AGB?BCQBC,5+<9(5*,NMP?R
    QCK?L?Q AMK ? PCBSŽM BC  MS  BM TMJSKC BM RPCGL?KCLRM  BCQBC OSC ? GLRCLQGB?BC QCH? K?LRGB? #? KCQK?
    K?LCGP? ?QA?N?AGB?BCQ?CP™@G?QLMQ?RJCR?QRPCGL?BMQNMBCKQCPAMLQCPT?B?QAMKPCBSCQBC?LMTMJSKCBC
    RPCGL?KCLRM NMP ASPRMQ NCP”M​BMQ BC RCKNM 2GKGJ?PKCLRC  K?LSRCLŽM B?Q A?N?AGB?BCQ BC DMP?  N?P? PCRCP ?Q
    A?N?AGB?BCQ?CP™@G?QAMKPCBSŽMBMTMJSKCBCRPCGL?KCLRM ?GLRCLQGB?BCNPCAGQ?QCPK?LRGB?

    ! 

    % 56DEC6:?2>6?E@ C6DF=E2 6> A6C52 52D 252AE2w‚6D LD:@=8:42D A@Cx> ?6> E@52D 2D 252AE2w‚6D D@7C6> 564={?:@ ?2 >6D>2
    AC@A@Cwv@
     A6C52 52D 252AE2w‚6D LD:@=8:42D 7C6?E6 u :?E6CCFAwv@ 5@ EC6:?2>6?E@ 56 7@Cw2 @F  &#  56A6?56 56 :?ƒ>6C@D 72E@C6D
    :?4=FD:G6
    &6DD@2D>2:DG6=92DA6C56>7@Cw24@>>2:DC2A:56J
    7@Cw2A@56D6CA6C5:52>2:D=6?E2>6?E6D6@EC6:?2>6?E@AC64656?E66C2562=E2:?E6?D:5256
    E=6E2DEC6:?25@D56>@?DEC2>>2:@C6DC65Fw‚6D?@,O% A:4@5@BF62DA6DD@2D>6?@DEC6:?252D
    6C2=>6?E6 2D C65Fw‚6D ?@ G@=F>6 56  &#  6 7@Cw2 C6DF=E2> 6> A6C52 >{?:>2 52D 252AE2w‚6D 5@ EC6:?2>6?E@ BF2?5@ 2
    :?E6?D:5256x>2?E:52

    &4A8>38H0sr>
    @5B9?49J1kj?D?XPCDCP‘LAG?T?PG?ŽMNJ?LCH?B?LMQRPCGLMQ AMKMM@HCRGTMBCMRGKGX?PMBCQCKNCLFMD”QGAM?MJMLEM
    BMQNCP”M​BMQBCRPCGL?KCLRM.Q?RJCR?QBC,5+<9(5*,CBCDMP? NMR‘LAG?CCLRSQG?QR?QCQNMPRGTMQNP?RGA?KMRPCGL?KCLRM
    NCPGMBGX?BM/PMEP?K?QNCPGMBGX?BMQSRGJGX?K?JRCP?CQCKTMJSKCCGLRCLQGB?BCBMRPCGL?KCLRMN?P?APG?PT?PG?CQLMQ
    RPCGLMQ /?P? MQ ?RJCR?Q  ?Q ?JRCP?CQ L? OS?LRGB?BC BC RPCGL?KCLRM N?P? ?Q F?@GJGB?BCQ C CQRP?REG?Q BC HMEM MS CTCLRM
    R?K@K T?PG?K ?M JMLEM B? RCKNMP?B? BC AMKNCRGŽM 4K? KCR? ?LŠJGQC AMLAJSGS OSC NPMEP?K?Q AMK CVCPA”AGMQ
    PCQGQRGBMQ NCPGMBGX?BMQ MA?QGML?P?K E?LFMQ K?GMPCQ BC DMP? BM OSC MQ NPMEP?K?Q LŽM NCPGMBGX?BMQ LMQ  E‘LCPMQ  L?Q
    NCQQM?QHMTCLQCK?GQTCJF?QOSC?LMQBCGB?BCCCKNCQQM?QAMKCQCKRPCGL?KCLRMPCQGQRGBM#CD?RM ?NCPGMBGX?ŽM
    BM RPCGL?KCLRM BC DMP? RCK QGBM PCAMKCLB?B? N?P? NCQQM?Q RPCGL?B?Q C LŽM RPCGL?B?Q (LžKCP?Q NCQOSGQ?Q T‘K QCLBM
    PC?​JG​X?B?QCKRPCGL?KCLRMBCDMP?NCPGMBGX?BM BCKMLQRP?LBMQSNCPGMPGB?BCCKPCJ?ŽM?MQNPMEP?K?QLŽMNCPGMBGX?BMQ
    L?NPMKMŽMBCE?LFMQBCDMP? ?JRCP?CQB?AMKNMQGŽMAMPNMP?JCBCQCKNCLFMKMRMP:7905;:ASPRMQ NMR‘LAG?KŠVGK?
    LMAGAJGQKMCA?N?AGB?BCBCQ?JRMTCPRGA?J /?P?SK?BGQASQQŽMK?GQBCR?JF?B?QM@PCRPCGL?KCLRMBCDMP?NCPGMBGX?BM TCP
    %JCAI *P?CKCP    C *P?CKCP %JCAI    L? JGQR? BC +CGRSP? QSECPGB? 3MBMQ MQ RGNMQ BC RPCGL?KCLRM NMBCK QCP
    NCPGMBGX?BMQ?OSG T?KMQCV?KGL?PMQAMLACGRMQBCNCPGMBGX?ŽMBMRPCGL?KCLRM?CP™@GMCBCDMP?

    +C6:?2>6?E@A6C:@5:K25@567@Cw2A@Ey?4:24=sDD:4@
    "MK M NPMEP?K? AJŠQQGAM NCPGMBGX?BM JGLC?P MS BC DMP? NMR‘LAG?  M RPCGL?KCLRM AMKC? AMK EP?LBC TMJSKC C @?GV?
    GLRCLQGB?BC NPMEPCBGLBMN?P?@?GVMTMJSKCC?JR?GLRCLQGB?BC3?@CJ? 5ŠPG?QD?QCQAMKNCKSKAGAJMAMKNJCRMBC
    RPCGL?KCLRM CA?B?SK?BSP? CKECP?J ?QCK?L?QCTGQ??BGDCPCLRCQM@HCRGTMQBCRPCGL?KCLRM$KKSGRMQNPMEP?K?Q
    ? D?QC BC PCASNC​P?ŽM ?RGT? BC  ?  QCK?L?Q  ? OS?J AMLQGQRC CK RPCGL?KCLRM PCQGQRGBM JCTC  QCESC ? žJRGK? D?QC BM
    RPCGL?KCLRM JKBGQQM CKKSGRMQNPMEP?K?Q ?NCL?QCVCPA”AGMQKSJRG?P​RGASJ?PCQAMKNCMNPMEP?K?NCPGMBGX?BM
    4KBMQM@HCRGTMQB?D?QCBCPCASNC​P?ŽM?RGT?NCPKGRGP?PCASNC​P?ŽM¤QGMJ™EGA?CNQGAMJ™EGA?BMRPCGL?KCLRMBC?JR?
    GLRCLQGB?BC NPCACBCLRC . TMJSKC C ? GLRCLQGB?BC BM RPCGLM NPCBMKGL?LRCKCLRC KSB?K BCTGBM Q ?JRCP?CQ L?
    OS?LRGB?BCBCQPGCQCPCNCRGCQNMPQPGC$QQCRGNMBCRPCGL?KCLRMDCGRMN?P??RGLEGPMNGAM MSK?VGKGX?P?NMR‘LAG?C
    DMP?KŠVGK??N™Q?žJRGK?D?QCBMRPCGL?KCLRM MSBCNGAM N™Q?D?QCBCPCASNC​P?ŽM?RGT? RMBMMAGAJMBCRPCGL?KCLRM
    PCNCRGBM$KRCQC NCQMQK?GMPCQNMBCKQCPSQ?BMQLMLMTMAGAJMBCTGBM?M?SKCLRMB?DMP?NPMKMTGBMNCJMAGAJMBC
    RPCGL?KCLRM ?LRCPGMP  T?PG?ŽM BM RPCGL?KCLRM R?K@K NMBC QCP GLRPMBSXGB? NMP KCGM BC ?JRCP?CQ LM RGNM BMQ
    CVCPA”AGMQ PCQGQRGBMQ PC?​JG​X?BMQ "?P?ARCPGQRGA?KCLRC  GQQM OSCP BGXCP K?GMP ‘LD?QC L? DMP? KŠVGK? L?Q D?QCQ GLGAG?GQ BM
    RPCGL?KCLRM NMP KCGM BC CVCPA”AGMQ BC DMP?  AMKM ?E?AF?KCLRM C JCT?LR?KCLRM RCPP? $K QCESGB?  MQ NP?RGA?LRCQ BM
    RPCGL?KCLRM KGEP?K N?P? MQ CVCPA”AGMQ MPGCLR?BMQ N?P? NMR‘LAG?  AMKM CVCPA”AGMQ BC ?PP?LAM C JCT?LR?KCLRM  PSKM ?M
    ¤L?JBMAGAJMBCRPCGL?KCLRM.@QCPTCOSC?T?PG?ŽML?OS?LRGB?BCBCQPGCQCPCNCRGCQCKA?B?D?QCBMRPCGL?KCLRM
    R?K@KNCPKGRC?T?PG?ŽMBCTMJSKCCGLRCLQGB?BCCKSK?@?QCBCRPCGL?KCLRMQCK?L?JMSNMPQCQQŽM

    '-.18- '>15:-91:@;012;>e-<1>5;05E-0;/8b??5/;

    0B434CA48=0<4=C>

    5?PGŠ​TCJBC
    RPCGL?KCLRM 8?4ACA>J0 >As0 &>Cu=280 &82>
    2PGCQ ? ? ? ?
    1CNCRGCQQPGC ? ? ? ?
    5MJSKC ,SGRM?JRM JRM ,MBCP?BM !?GVM
    (LRCLQGB?BC !?GV? ,MBCP?B? JR? ,SGRM?JR?

    +C6:?2>6?E@A6C:@5:K25@?v@=:?62C
    NCPGMBGX?ŽMLŽMJGLC?PAMLQGQRCCKQCQQCQBCRPCGL?KCLRMQSACQQGT?QCKN?BPŽMPCAMPPCLRCBCTMJSKCCGLRCLQGB?BCBC
    RPCGL?KCLRMKSGRMBGDCPCLRCQ.N?BPŽMR”NGAMBCRPCGL?KCLRMSRGJGX?? ?C?PCNCRGCQCK?QPGCQNMP
    CVCPA”AGM CK A?B? SK? B?Q  QCQQCQ BC RPCGL?KCLRM QCK?L?J (QQM PCQSJR? CK ?JRCP?CQ QS@QR?LAG?GQ CK TMJSKC C
    GLRCLQGB?BC CK  QCK?L? BC RPCGL?KCLRM  BCTGBM  NPGLAGN?JKCLRC   OS?LRGB?BC BC PCNCRGCQ PC?​JG​X?B?Q NMP QPGC .
    N?BPŽMB?QKSB?L?QL?OS?LRGB?BCBCPCNCRGCQNMPQPGCPCNCRGBMRMB?QCK?L?$K?JESLQNPMEP?K?QLŽMJGLC?PCQ
    RMBMQ MQ CVCPA”AGMQ QCESCK M N?BPŽM LŽM JGLC?P $K MSRPMQ NPMEP?K?Q  ?NCL?Q MQ CVCPA”AGMQ KSJRG?P​RGASJ?PCQ QCESCK M
    N?BPŽMLŽMJGLC?P N™QK‘QMSTŠPGMQKCQCQBCRPCGL?KCLRM ?D?QCBCPCASNC​P?ŽM?RGT?NMBCMAMPPCP AMKPCRMPLMN?P?
    ? NCPGMBGX?ŽM LŽM JGLC?P ?N™Q ? D?QC BC PCASNC​P?ŽM ?RGT? "MK M SQM BM RPCGL?KCLRM LŽM JGLC?P Y¥CV”TCJ^   NMQQ”TCJ
    RCQR?P C BCRCPKGL?P OS?J RP?@?JFM NMBC DSLAGML?P KCJFMP L?OSCJC BG? BC ?AMPBM AMK M L”TCJ BC D?BGE? BM ?RJCR?  ?Q
    BCK?LB?QB??RGTGB?BC ??ECLB?BMQHMEMQC?QCTCLRS?GQBMCL​?QCCLAMLRP?PMRGNMBCRP?@?JFMOSCNMBCQCPK?GQ@CK
    PC?​JG​X?BML?OSCJCBG? NCPGMBGX?ŽMLŽMJGLC?PKMQRPMS QCQSNCPGMP?MQNPMEP?K?QLŽMNCPGMBGX?BMQCKRCPKMQBCE?LFM
    BCDMP? ?JRCP?CQL?AMKNMQGŽMAMPNMP?JCBCQCKNCLFMKMRMPCKQSHCGRMQLŽMRPCGL?BMQ @CKAMKMCK?RJCR?Q 
    '6C:@5:K2wv@5@EC6:?2>6?E@26C3:@
    .QAMLACGRMQSQ?BMQN?P?NCPGMBGX?PMRPCGL?KCLRM?CP™@GMQŽMQGKGJ?PCQOSCJCQCKNPCE?BMQLMRPCGL?KCLRMBCDMP?.
    TMJSKCBCRPCGL?KCLRMECP?JKCLRCKCBGBMAMKM?BGQR‹LAG?RMR?JL?B?B? AMPPGB?MSPCK?B?$KKSGRMQNPMEP?K?Q
    SKNCPACLRS?JB?%"K?VSQ?BMN?P?A?JASJ?P?GLRCLQGB?BCBMRPCGL?KCLRMCLRPCR?LRM ?GLRCLQGB?BCR?K@KNMBCQCP
    BCRCPKGL?B?AMKMSK?NMPACLR?ECKBMKCJFMPRCKNMN?P?NCPAMPPCPACPR?BGQR‹LAG? %GESP?GJSQRP?SKNPMEP?K?
    NCPGMBGX?BM R”NGAM N?P? SK AMPPCBMP BC BGQR‹LAG?Q -CQQC NJ?LM  M TMJSKC BC RPCGL?KCLRM QCK?L?J  EP?BS?JKCLRC
    GLAPCKCLR?BM ?M JMLEM BC TŠPG?Q QCK?L?Q QCK?L?Q  ?    ?    ?   BC RPCGL?KCLRM QCESGBM NMP SK NCP”M​BM BC
    PCASNC​P?ŽMBCQCK?L?BSP?LRCMOS?JMTMJSKCC?GLRCLQGB?BCQŽMPCBSXGBMQ$K@MP??GLRCLQGB?BCBMRPCGL?KCLRM
    T?PGC BG?PG?KCLRC C BCLRPM B? QCQQŽM BC RPCGL?KCLRM  ECP?JKCLRC  BSP?LRC ?Q NPGKCGP?Q  QCK?L?Q BC RPCGL?KCLRM  ?
    GLRCLQGB?BC ?QQGKAMKMMNCPACLRS?JB?%"K?V R?K@KEP?BS?JKCLRC?SKCLR?B??N?PRGPBCSK?%"?@?GVMBMJGKG?P
    BM J?AR?RM ?R SK? %" QS@QR?LAG?JKCLRC ?AGK? BM JGKG?P BC J?AR?RM Q QCK?L?Q    C  AMLQRGRSCK ?Q QCK?L?Q BC
    PCASNC​P?ŽM AMK BGKGLSGŽM R?LRM BM TMJSKC OS?LRM B? GLRCLQGB?BC BM RPCGL?KCLRM #GTCPQ?Q QCK?L?Q BC RPCGL?KCLRM
      C QŽMBGD”ACGQ NMGQR?LRMMTMJSKCOS?LRM?GLRCLQGB?BCBMRPCGL?KCLRMAML​RG​LS?KCJCT?BMQ-?QžJRGK?Q
    QCK?L?Q BC RPCGLM QCK?L?Q  ?   M NJ?LM SQ? SK? PCBSŽM EP?B?RGT?  R?LRM M TMJSKC OS?LRM ? GLRCLQGB?BC QŽM
    BGKGLS”​B?QLCQQ?D?QC QCLBMOSC?GLRCLQGB?BCK?LRGB?CKL”TCGQK?GQ?JRMQNMPK?GQRCKNMOSCMTMJSKC

    ! 

    A6C:@5:J2wv@A@56D6C2A=:42522BF2=BF6CE:A@56AC@8C2>256EC6:?2>6?E@
    A6C:@5:J2wv@7@Cw2A@Ey?4:24=sDD:42D68F6A25Cv@56AC@8C6DDv@5@EC6:?2>6?E@5632:I2:?E6?D:525662=E@G@=F>6A2C2@56
    2=E2:?E6?D:5256632:I@G@=F>6
    % EC6:?2>6?E@ 56 C6D:DEy?4:2 ?v@ =:?62C 4@?D:DE6 6> D6DD‚6D DF46DD:G2D 56 EC6:?2>6?E@ 6> F> A25Cv@ C64@CC6?E6 56 G@=F>6 6
    :?E6?D:525632DE2?E65:76C6?E6D

    /J?LMQ BC RPCGL?KCLRM ?CP™@GM R?K@K NMBCK T?PG?P C NPMEPCBGP BC K?LCGP? NCPGMBGX?B?  NCPK?LCACLBM BCLRPM B?Q
    BGPCRPGXCQBMRPCGL?KCLRMN?P?AMLBGAGML?KCLRM?CP™@GMTCPY#GPCRPGXCQN?P?MRPCGL?KCLRM?CP™@GM^ (QQMNMBCQCPDCGRM
    NMPKCGMB?NPMEPCQQŽMEP?B?RGT?BMNCPACLRS?JBC%"K?V BGTCPQG¤A?LBM?BSP?ŽMMS?BGQR‹LAG?CGLRCLQG¤A?LBM?DPC
    OS‘LAG?BMRPCGL?KCLRM/MPCVCKNJM ?GLRCLQGB?BCNMBCQCPEP?B?RGT?KCLRCGLAPCKCLR?B?BCB?%"K?VN?P?
    AMLDMPKC M AMLBGAGML?KCLRM ?CP™@GM T?G KCJFMP?LBM  ? BSP?ŽM BM RPCGLM NMBC QC CQRCLBCP BC  ?R  KGL C ? DPC​
    OS‘LAG?NMBCQCPEP?B?RGT?KCLRC?SKCLR?B?BCN?P??TCXCQQCK?L?$LRPCR?LRM CKSKNJ?LMNCPGMBGX?BM LŽM
    LCACQQŠPGM OSC GLRCLQGB?BC  BSP?ŽM C DPC​OS‘LAG? BM RPCGL?KCLRM QCKNPC NPMEPGB?K N?P? RMPL?P M RPCGLM K?GQ BGD”AGJ v
    NMQQ”TCJ RCP QCQQCQ BC GLRCLQGB?BC K?GQ ?JR? C BSP?ŽM K?GQ ASPR?  B? %"K?V  QCQQŽM BC  KGL  CK  QCK?L? BC
    RPCGL?KCLRMAMKMSRP?QQCQQCQBCGLRCLQGB?BCK?GQ@?GV? NMPKBSP?ŽMK?GQJMLE?B?%"K?V N?P?QCQQŽMBC
    KGL 3?K@KNMQQ”TCJBCLRPMBCSKNPMEP?K??CP™@GMAMKDMAMLMAMLBGAGML?KCLRMF?TCPQCK?L?QBCPCASNC​P?ŽM
    AMLDMPKCGJSQRP?BML?%GESP?-MNPMEP?K?N?P?E?LFMBCAMLBGAGML?KCLRM BGDCPCLRCQKMBMQBCCVCPA”AGMQ AMKM
    AMPPGB? AGAJGQKMCCJ”NRGAMQ R?K@KNMBCKQCPGLAMPNMP?BMQCKSKN?BPŽMQCQQŽM?QCQQŽMMSCKOS?JOSCPMSRPMN?BPŽM
    BCBGTCPQG¤A?ŽMN?P?CTGR?PMCVACQQMBCPCNCRGŽMC NMQQGTCJKCLRC JCQŽMNMPSQMCVACQQGTM K?LGNSJ?ŽMB?QT?mGŠ qCGQ
    BMRPCGL?KCLRMMDCPCACNP?RGA?KCLRCSK?OS?LRGB?BCGJGKGR?B?BCRGNMQBGDCPCLRCQBCQCQQCQBMRPCGL?KCLRM?CP™@GM
    86DA0  &;0=> 34 CA48=0<4=C> 34   ?4A8>38H03> , PIFOG? >I NL?CH;G?HNI >? =ILL?>IL?M >?
      <?G NL?CH;>IM  Gl , EAX GCHX Œ CFOMNL;>I >OL;HN?  M?G;H;M   CHN?HMC>;>? >I NL?CH;G?HNI
    N;G<ŒG@ICP;LC;>;P?LN?RNIJ;L;?RJFC=;‹ŠI #CAOL;=ILN?MC;>?F?D;H>LI)O=C;MF;<IL;NILS
    "OLIJ?;H2HCP?LMCNS
    I@*;>LC> 

    012%,%&$"0,

    6<
    5MA‘CQRŠCJ?@MP?LBMSKNPMEP?K?BCRPCGL?KCLRMPCQGQRGBMN?P?SK?RJCR?BC?PPCKCQQMBCNCQMOSCQCNPCN?P?N?P?
    SK?EP?LBCAMKNCRGŽM0SCRGNMBCNPMEP?K?BCRPCGL?KCLRMPCQGQRGBMTMA‘CJ?@MP?COSCRGNMBCKSB?L?QTMA‘D?X
    AMLDMPKCM?RJCR?T?GQCNPCN?P?LBMN?P??AMKNCRGŽM

    9A
    -I>? M? ?F;<IL;L OG JLIAL;G; >? NL?CH;G?HNI L?MCMNC>I J?LCI>CT;>I @IL‹; JINH=C; =F†MMC=I  !?MM? GI>I
     I
    NL?CH;G?HNICLC;>?;FNIPIFOG??<;CR;CHN?HMC>;>?J;L;>?<;CRIPIFOG??;FN;CHN?HMC>;>?=IG;JLIAL?MMŠI
    >;M @;M?M >I NL?CH;G?HNI  M @;M?M >? BCJ?LNLIV;
     @IL‹;
     JINH=C; ? JC=I >I NL?CH;G?HNI N?LC;G =?L=; >? 
    M?G;H;M>?>OL;‹ŠI "F;MM?LC;G;A?H>;>;M>?GI>IKO?CG?>C;N;G?HN?;HN?M>;=IGJ?NC‹ŠII;NF?N;?MN;LC;
    H; @;M? >? JC=I  FŒG >? M?AOCL ?G >CL?‹ŠI ;I NL?CH;G?HNI >? CHN?HMC>;>? ;FN; ? PIFOG? <;CRI =IG ;
    JLIAL?MMŠI>INL?CHI
    P†LC;MIONL;M;FN?L;‹™?MM?LC;G@?CN;M M@;M?M>?BCJ?LNLIV;=IHMCMNCLC;G?GOG;GCMNOL;
    >??R?L==CIMOHC?GOFNC;L​NC=OF;L?M "HNL?N;HNI
    ‰G?>C>;KO?INL?CH;G?HNICLC;JLIAL?>CH>I?GM?HNC>I‰@;M?
    >? JC=I
     J;L; ;DO>;L ; L?>OTCL I PIFOG? >? NL?CH;G?HNI NIN;F
     ; KO;HNC>;>? >? ?R?L==CIM OHC;L​NC=OF;L?M M?LC;
    AL;>;NCP;G?HN? L?>OTC>;  FŒG >CMMI
     =IG ; JLIAL?MMŠI >I NL?CH;G?HNI LOGI ‰ @;M? >? JC=I
     ?R?L==CIM >?
    JINH=C;
     =IGI ?R?L==CIM >? ;LL;H=I ? JOR;>; >? ;LL;H=I
     M?LC;G ?H@;NCT;>IM  !?P? M? N?L =;ON?F; ? HŠI
    JL?M=L?P?L?R?L==CIM>?;FIHA;G?HNI?MN†NC=IHI;KO?=CG?HNI;HN?LCIL‰MM?MM™?M>?NL?CHIL?MCMNC>I "MM?NCJI
    >? ?R?L==CI >? W?RC<CFC>;>? P?G GIMNL;H>I KO? L?>OT ; JINH=C; ? @IL‹; G†RCG;M CG?>C;N;G?HN? ;J•M I
    ;FIHA;G?HNI +I?HN;HNI
    JI>? M?CH=FOCLI;FIHA;G?HNI
    CH=FOMCP?I?MN†NC=I
    HIJ?LI​>I>?L?M@LC;G?HNI;J•M
    ;MM?MM™?M>?NL?CH;G?HNIL?MCMNC>I -IO=I;HN?M>;=IGJ?NC‹ŠI
    ;@;M?>?JC=I>?;>C;MI=ILL?LC;J;L;
    ;DO>;L;G;RCGCT;LI>?M?HPIFPCG?HNI>?JINH=C;

    6<
    4K ?KGEM JFC NCBGS OSC CJ?@MP?QQC SK NPMEP?K? BC RPCGL?KCLRM ?CP™@GM BC GLGAG?LRC N?P? CJC 0SC RGNM BC
    RPCGL?KCLRMTMA‘PCAMKCLB?PG?COSCRGNMQBCNPMEPCQQŽMLMRPCGL?KCLRMQCPG?KSRGJGX?BMQLCQQCNPMEP?K?

    9A
    MJLCG?CL;MM?MM™?M>INL?CH;G?HNI=IHMCMNCLC;G?G;GCH>??R?L==CI?GCHN?HMC>;>?>?;>;
    # G;R @L?​KOH=C;>INL?CH;G?HNIM?LC;>?P?T?M M?G;H;
    =IG>C;>?L?JIOMI?HNL?;MM?MM™?M  IG;
    JLIAL?MMŠI>INL?CHI
    ;CHN?HMC>;>?M?LC;AL;>;NCP;G?HN?;OG?HN;>;;NŒOGP;FILJL•RCGI;>;# G;R
    =IG
    M?MMŠI>?NL?CH;G?HNI>?GCH>?>OL;‹ŠI?@L?​KOH=C;CHN?HMCV=;>;>?G;H?CL;AL;[ O;FJ;L;IO>C;MJIL
    M?G;H; !?P? M?N?L=OC>;>I
    =IH@ILG?INL?CH;G?HNIJLIALC>?
    >?HŠICH=FOCLCHC=C;FG?HN?CHN?HMC>;>??PIFOG?
    >?NL?CH;G?HNIG;CM;FNIMH;G?MG;M?MMŠI !?MM?GI>I
    =IG;JLIAL?MMŠI>INL?CH;G?HNIJLIGIPC>;J?F;
    ?F?P;‹ŠI >; CHN?HMC>;>?
     HŠI M? ;OG?HN; I PIFOG? H; G?MG; M?MMŠI ? PC=? P?LM;  IG ; @L?​KOH=C; >?
    NL?CH;G?HNIG;CM;=?H​NO;>;
    L?=IG?H>; M?OG;GCMNOL;>?=ILLC>;
    ?R?L==CIM?FJNC=IM?=C=FCMGIJ;L;;DO>;L;
    ?PCN;L;F?MŠIJILOMI?R=?MMCPI

    #% @$%

    $K@MP? ?Q KMPRCQ ?QQMAG?B?Q Q BMCL​?Q A?PBGMT?QASJ?PCQ CQRCH?K BGKGLSGLBM  CQQ?Q BMCL​?Q ?GLB? QŽM PCQNMLQŠTCGQ NMP
     BCRMB?Q?QKMPRCQOSCMAMPPCKLMQ$4  QBMCL​?QA?PBGMT?QASJ?PCQGLAJSCK# "  5$ FGNCPRCLQŽMCBMCL​?Q
    B?Q?PRPG?Q.QD?RMPCQBCPGQAMLŽMAMLRPMJŠTCGQ?QQMAG?BMQBMCL​?A?PBGMT?QASJ?PQŽMQCVMK?QASJG​LM GB?BC?T?L?B?C
    FCPCBGR?PGCB?BCMQD?RMPCQBCPGQAMAMLRPMJŠTCGQQŽMR?@?EGQKM NCP¤JJGN”BGAMQ?LES”i CM FGNCPRCLQŽM M@CQGB?BC BG?@CRCQC
    ?RGTGB?BC D”QGA? $QQCQ D?RMPCQ CQRŽM GLRCP PCJ?AGML?BMQ  ?RGTGB?BC D”QGA? NPMKMTC ?B?NR?CQ NMQGRGT?Q CK NP?RGA?KCLRC
    RMBMQMQMSRPMQD?RMPCQBCPGQAMAMLRPMJŠTCGQ
    3?LRM M RPCGL?KCLRM ?CP™@GM OS?LRM M PCQGQRGBM BC TMJSKC C GLRCLQGB?BC AMPPCRMQ PCBSXCK M PGQAM BC BMCL​?
    A?PBGMT?QASJ?P . TMJSKC C ? GLRCLQGB?BC B? ?RGTGB?BC D”QGA? LCACQQŠPGMQ N?P? NPMKMTCP MQ @CLCD”AGMQ N?P? ? Q?ž​BC QŽM
    KCLMPCQOSC?OSCJCQLCACQQŠPGMQN?P?NPMKMŽMBMQ@CLCD”AGMQLMAMLBGAGML?KCLRM-MCLR?LRM QCMQ@CLCD”AGMQN?P?M
    AMLBGAGML?KCLRMQŽMNCPAC@GBMQ MQ@CLCD”AGMQN?P??Q?ž​BCR?K@KNMBCKQCPM@QCPT?BMQ.BCQRPCGL?KCLRMMA?QGML??
    NCPB?B?Q?B?NR?CQ¤QGMJ™EGA?QBCAMPPCLRCQBMRPCGL?KCLRM CK@MP?MN?BPŽMC?K?ELGRSBCB?NCPB?T?PGCKBC?AMPBM
    AMK??B?NR?ŽM/MPR?LRM R?LRMMQ?RJCR?QOS?LRM?QNCQQM?QGLRCPCQQ?B?QLMQ@CLCD”AGMQN?P?Q?ž​BCCAMLBGAGML?KCLRM
    BCTCKCTGR?PJMLEMQNCP”M​BMQBCBCQRPCGL?KCLRM.RPCGL?KCLRMLŽMNCPGMBGX?BMKCJFMP??AMLBGŽMD”QGA?CLRPCR?LRM M
    RPCGL?KCLRMNCPGMBGX?BMPCAMKCLB?BMN?P??RJCR?QCCLRSQG?QR?QBMAMLBGAGML?KCLRMD”QGAM NMGQPCQSJR?KCKK?GMPCQ
    @CLCD”AGMQBMOSCMLŽMNCPGMBGX?BM

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    4K@JMOSCGML??PRPG?AMPMLŠPG?PCQSJR?CK==========MSDMPLCAGKCLRMGLQS¤AGCLRCBCQ?LESCN?P?MRCAGBMA?PB”?*
    AMQSNPGBMNCJ??PRPG?
    2C SK? ?PRPG? AMPMLŠPG? CQRŠ QCPG?KCLRC MS RMR?JKCLRC M@QRPS”​B?  ? GQOSCKG? QC RMPL? EP?TC M QS¤AGCLRC N?P?
    A?SQ?P============= K?GQAMKSKCLRCAMLFCAGBMAMKM?R?OSCA?PB”?​AM
    .Q GL​BG​T”​BSMQ AMLQGBCP?BMQ QM@ PGQAM KMBCP?BM ? ?JRM BC BMCL​? A?PBGMT?QASJ?P BCTCK QCP QS@KCRGBMQ ?
    ===================?LRCQBCNP?RGA?PCVCPA”AGMQ
     2CMRPCGL?KCLRMD”QGAMPCQSJR?CKFGNCPRPM¤?TCLoPGASg?P MAMKNJCVM012LM$"&QCRMPL?==========
     ==================CLTMJTC??T?JG?ŽMQS@HCRGT?BMOSŽMDMPRCSK?NCQQM?CQRŠRP?@?JF?LBM
    n8@5<8-1?/;84-
    0S?JB?QQCESGLRCQ?JRCPL?RGT?QNMBCQCP?DCR?B?NCJM 5$
    ? 2CLRGBMQ
    @ ,CK™PG?PCACLRC
    A ,CK™PG??LRGE?
    B /?BPCQB?D?J?
    C 3MB?Q?QMNCQ?LRCPGMPCQ
    0SC RGNM BC GLQS¤AG‘L
    ^G? A?PB”?
    ^?  PCQSJR?LRC B? ?ŽM BC QS@QR‹LAG? R™VGA? MS BPME? MS BCAMPPCLRC BC @JMOSCGM B?
    ?PRPG?AMPMLŠPG?OSCMA?QGML?SKGLD?PRMBMAMP?ŽM
    ? ESB?
    @ "PšLGA?
    A 5$
    B PRCPGMQAJCPMQC
    C #MCL??PRCPG?J
    0SC RGNM BC GLQS¤AG‘L^G? A?PB”?^?  PCQSJR?LRC BM AMKNPMKCRGKCLRM B? DSLŽM A?PB”?^? AMLQCOSCLRC ?MQ CDCGRMQ ?
    JMLEMNP?XMBCD?RMPCQAMKMFGNCPRCLQŽM NCOSCLMQGLD?PRMQA?PB”?​AMQKžJRGNJMQCGLDCAŽMTGP?J
    ? ESB?
    @ "PšLGA?
    A 5$
    B PRCPGMQAJCPMQC
    C #MCL??PRCPG?J
     'GNCPRCLQŽM  M RCPKM KBGAM N?P? BCQGEL?P ? NPCQQŽM ?PRCPG?J BC PCNMSQM APMLGA?KCLRC ?JR? v BC¤LGB? AMKM ?
    NPCQQŽMBMQ?LESC?PRCPG?JGES?JMSK?GMPOSC
    ? CKK'EN?P?NPCQQŽMQGQR™JGA?CBG?QR™JGA? PCQNCARGT?KCLRC
    @ CKK'EN?P?NPCQQŽMQGQR™JGA?CBG?QR™JGA? PCQNCARGT?KCLRC
    A CKK'EN?P?NPCQQŽMQGQR™JGA?CBG?QR™JGA? PCQNCARGT?KCLRC
    B CKK'EN?P?NPCQQŽMQGQR™JGA?CBG?QR™JGA? PCQNCARGT?KCLRC
    C -CLFSK?B?QMNCQ?LRCPGMPCQ
     0SC D?RMP BC PGQAM AMLRPMJŠTCJ NMBC A?SQ?P GKN?ARMQ LCE?RGTMQ CK RMBMQ MQ MSRPMQ D?RMPCQ AMLRPMJŠTCGQ BM PGQAM
    A?PBGMT?QASJ?P
    ? /CP¤JJGN”BGAMQ?LES”i CM
    @ 'GNCPRCLQŽM
    A .@CQGB?BCMSQM@PCNCQM
    B #G?@CRCQKCJGRM
    C 2CBCLR?PGQKM
    )1>0-015>;;A2-8?;
    ?RCPMQAJCPMQCNMBCMAMPPCPCKOS?JOSCPT?QMQ?LES”​LCM
     ?RCPMQAJCPMQC C ?PRCPGMQAJCPMQC  MS CQNCQQ?KCLRM C NCPB? B? CJ?QRGAGB?BC B? N?PCBC ?PRCPG?J  QŽM PCQSJR?LRCQ B?
    GL¥?K?ŽMAPšLGA?BC@?GVMEP?SB?QN?PCBCQBMQT?QMQQ?LES”i CMQ
    "MLDMPKC ? NPCQQŽM ?PRCPG?J QM@C  ? DMP? OSC M TCL​RP”ASJM CQOSCPBM NPCAGQ? BCQCLTMJTCP N?P? @MK@C?P Q?LESC N?P?
    RMBMMAMPNMBGKGLSG MOSC?SKCLR??BCK?LB?BCMVGE‘LGMNCJMRCAGBMA?PB”?​AM
     #GKGLSGŽM BM AMJCQRCPMJ Q?LES”​LCM  PCBSŽM BM +#+ " C BCAJ”LGM BM L”TCJ BM '#+ " QŽM ?QQMAG?BMQ ?M PGQAM BC
    # "K?GQCJCT?BM
     4K,$3GES?J?MAMLQSKMBCMVGE‘LGMCKPCNMSQM
    $A1?@m1?;.61@5B-?
    0S?GQQŽM?QN?PRCQR”NGA?QBCSK?QCQQŽMBCRPCGL?KCLRM?CP™@GMCPCQGQRGBM
    $VNJGOSCAMKM?GL¥?K?ŽMAPšLGA?BC@?GVMEP?SJCT??M@JMOSCGMB??PRPG?MS?RCPMQAJCPMQCC?PRCPGMQAJCPMQC
    $VNJGOSCNMPOSC?FGNCPRCLQŽMSK?GKNMPR?LRCAMLQGBCP?ŽMN?P??Q?ž​BCA?PBGMT?QASJ?P
     $VNJGOSCNMPOSCMAMKNJCVM012BCSK$"&K?GQ?JRMOSC?MLB?/
     0SCRGNMQBCQGL?GQCQGLRMK?Q?COSGNCKBGA?T?G@SQA?PBSP?LRCC?N™QMRCQRCBCCQDMPMEP?BS?BM

    "#&

    <?>71=5>D? 21<oCD93? CVCPA”AGM BC ¥CVG@GJGB?BC OSC CLTMJTC KMTGKCLRM BGL‹KGAM  LM OS?J M KMKCLRM B? N?PRC
    AMPNMP?JCLTMJTGB?LM?JMLE?KCLRMD?XAMKOSCM​KžQASJMQCH??JMLE?BM?M¤L?JB??KNJGRSBCBMKMTGKCLRM
    <?>71=5>D?5CDgD93?RPCGL?KCLRMB?¥CVG@GJGB?BCPC? gGu?BMAMKKMTGKCLRMJCLRM?MJMLEMBCRMB???KNJGRSBCBCSK
    CVCPA”AGMBC¥CVG@GJGB?BCCK?LSRCLŽMBMKMTGKCLRMNP™VGKM?M¤L?JBM?PAMBCKMTGKCLRMMLBCMCQRGP?KCLRM
    NCPAC@GBMLM​KžQASJMOSCCQRŠQCLBM?JMLE?BM
    >79>14?@59D?BMPLMR™P?VBCAMPPCLRCBCGQOSCKG?BMRCAGBMA?PB”?​AM
    AE539=5>D?1D9F??RGTGB?BCPC?​JG​X?B??LRCQBMRPCGL?KCLRM
    AE539=5>D? 5C@53o{3? @1B1 ? 5C@?BD5 RGNM BC ?OSCAGKCLRM ?RGTM OSC AMLQGQRC CK ?RGTGB?BC CQNCAG¤A?KCLRC
    PCJ?AGML?B?AMKMRPCGLM?QCPPC?​JG​X?BM
    AE539=5>D?75B1<RGNMBC?OSCAGKCLRMOSCAMLQGQRCCK?RGTGB?BCLŽMCQNCAG¤A?KCLRCPCJ?AGML?B?AMKMRPCGL?KCLRM
    ?QCPPC?​JG​X?BM
    BD5B9?C3<5B?C5CQNCQQ?KCLRMNPMEPCQQGTMCNCPB?B?CJ?QRGAGB?BCB?N?PCBC?PRCPG?JBCAMPPCLRCBCGL¥?K?ŽMAPšLGA?BC
    @?GVMEP?S
    D5B?C3<5B?C5CQRPCGR?KCLRMNPMEPCQQGTMBCSK??PRPG?BCAMPPCLRCB?DMPK?ŽMBCNJ?A?BCEMPBSP?L?N?PCBCGLRCPGMP
    BCSK??PRPG?
    ,13945>D5​F1C3E<1B5>356g<93??SQ‘LAG?BCQSNPGKCLRMQ?LES”​LCMN?P?SK?NMPŽMBMCLAD?JM
    5>56o39?C@1B111@D94j?6oC931?B?NR?ŽM¤QGMJ™EGA?PCQSJR?LBMCKKCJFMP?BMBCQCKNCLFMD”QGAM
    5>56o39?C@1B11C1w​45?B?NR?ŽM¤QGMJ™EGA?OSCPCBSXMPGQAMBCBCQCLTMJTGKCLRMBCBMCL≠?
    ?<5CD5B?< <9714? i <9@?@B?D5o​>1 45 1<D1 45>C94145 " JGNMNPMRC”​L? NPMBSXGB? NCJM D”E?BM N?P? RP?LQNMPR?P
    JGN”BGMQB?QAJSJ?QBMAMPNMBCTMJR??MD”E?BM
    ?<5CD5B?< <9714? i <9@?@B?D5o​>1 45 219H1 45>C94145 "" JGNMNPMRC”​L? NPMBSXGB? NCJM D”E?BM N?P? RP?LQNMPR?P
    AMJCQRCPMJCRPGEJGACP”BGMQN?P?MQRCAGBMQBMAMPNM?¤KBCOSCQCH?KSRGJGX?BMQ
    B?CCDB19>9>7NPŠRGA?BCTŠPGMQRGNMQBCCVCPA”AGMQ?CP™@GMQBSP?LRCSKNCP”M​BMBCRPCGL?KCLRM
    5CDB59>1=5>D? NCPB? B?Q ?B?NR?CQ ¤QGMJ™EGA?Q AMK ? GLRCPPSNŽM RMR?J BM RPCGL?KCLRM MS PCBSŽM BC TMJSKC MS
    GLRCLQGB?BCBMRPCGLM
    ?5>k1 1BD5B91< 3?B?>1B91>1  BMCL​? OSC A?SQ? CTCLRS?J @JMOSCGM C CLBSPCAGKCLRM B?Q ?PRPG?Q OSC QSNPCK M
    RCAGBMA?PB”?​AMAMKQ?LESC
    ?5>k11BD5B91<@5B96lB931&BCQCLTMJTGKCLRMBC?RCPMQAJCPMQCL?AGPASJ?ŽMNCPGDPGA?
    <5DB?31B49?7B1=1  KCBGB? B? AMLBSRGTGB?BC CJRPGA? A?PB”?​A? SQ?BM N?P? BCRCPKGL?P M PGRKM A?PB”?​AM MS ?
    AMLRP?ŽMCMPCJ?V?KCLRMBMAMP?ŽM
    AE9F1<5>D5=5D12s<93?#*KCBGB?BMAMLQSKMBCMVGE‘LGMCKPCJ?ŽM?MPCNMSQM,$3GES?J? KlãIEZ
    ãKGLZMCVCPA”AGM?,$3COSGT?JCLRC?MAMLQSKMBCMVGE‘LGMTCXCQK?GMPOSCMAMLQSKMBCPCNMSQM

    C31<145@5B35@kj?4?5C6?Bk?&BCRCPKGL?ŽMQS@HCRGT?B?BG¤ASJB?BCBMRP?@?JFM
    H5B3o39? 45 7BE@? ​=EC3E<1B w>93? RPCGL?KCLRM PCQGQRGBM OSC CLTMJTC NPCBMKGL?LRCKCLRC M KMTGKCLRM CK  ?P​
    RGASJ?ŽMCMBCQCLTMJTGKCLRMBCDMP?CKEPSNM​KSQASJ?P AMKMPMQA?BGPCR?BM@”ACNQCCVRCLQŽMBMHMCJFMR?K@K
    AF?K?BMBC,?,9*g*06<50(9​;0*<3(9
    H5B3o39? 45 =w<D9@<?C 7BE@?C ​=EC3E<1​B5C CVCPA”AGM PCQGQRGBM OSC CLTMJTC KMTGKCLRM CK K?GQ BC  ?P​RGASJ?ŽM C
    BCQCLTMJTGKCLRMBCDMP?CKK?GQBCEPSNM​KSQASJ?P AMKMMJCT?LR?KCLRMBCNCQMCKQSNGLMFMPGXMLR?JC3,.79,::
    R?K@KAF?K?BMBC,?,9*g*064<3;0(9​;0*<3(9
    139<9D1kj? >5EB?​=EC3E<1B @B?@B9?35@D9F1 $& RALGA? BC RPCGL?KCLRM B? ¥CVG@GJGB?BC OSC CLTMJTC AMLRP?ŽM *
    KSQASJ?P?LRCQBM?JMLE?KCLRMN?P?A?SQ?PPCJ?V?KCLRMPC¥CVMBMh žQASJMOSCCQRŠQCLBM?JMLE?BMBCKMBMOSCSK?
    ?KNJGRSBCBCKMTGKCLRMK?GMPQCH?AMLQCESGB?BSP?LRCM?JMLE?KCLRM
    1D?B5C45B9C3?@B9=gB9?C?E@B9>39@19CD?RMPCQDMPRCKCLRC?QQMAG?BMQ?# "
    9@5BD5>Cj?NPCQQŽMBMQ?LESC?PRCPG?JBCPCNMSQMAPMLGA?KCLRCCJCT?B?
    >61BD?4?=9?3gB49?GQOSCKG?EP?TCBMRCAGBMA?PB”?​AMAMKSKCLRCAMLFCAGBMAMKM?R?OSCBMAMP?ŽM
    >CE{39m>P91 31B4o1P1 AMKNPMKCRGKCLRM B? A?N?AGB?BC BC AMLRP?ŽM BMQ TCL​RP”ASJMQ ? NMLRM BM B@GRM A?PB”?​AM QCP
    GLQS¤AGCLRCN?P??RCLBCPQLCACQQGB?BCQBCMVGE‘LGMBMAMPNM
    >D5>C941454?DB59>1=5>D?KCBGB?B?BG¤ASJB?BCMSBMCQRPCQQCBMCVCPA”AGM
    CAE5=91QSNPGKCLRMQ?LES”​LCMGLQS¤AGCLRCN?P?MRCAGBM
    "9@?@B?D5o​>1SKEPSNMBCJGN”BGMQCNPMRC”​L?QRP?LQNMPR?BMNCJMQ?LESC
    &5B9?49J1kj?T?PG?ŽMNJ?LCH?B?LMRPCGL?KCLRMAMKMM@HCRGTMBCMRGKGX?PMBCQCKNCLFMD”QGAM?MJMLEMBCCVRCLQMQ
    NCP”M​BMQBCRPCGL?KCLRM
    &?<9=5>D?PCBSŽMNJ?LCH?B?BMTMJSKCBCRPCGL?KCLRMC NMQQGTCJKCLRC B?GLRCLQGB?BC
    &B?7B1=145DB59>1=5>D?B5C9CD94?@1B1D?4??3?B@?NPMEP?K?BCRPCGL?KCLRMPCQGQRGBMLMOS?JRMBMQMQEP?LBCQ
    EPSNMQ​KSQASJ?​PCQQŽMRPCGL?BMQCKRMB?Q?QQCQQCQ
    (?D9>149F94941NPMEP?K?BCRPCGL?KCLRMPCQGQRGBMLMOS?JMAMPNMBGTGBGBMCK​ŠPC?Q QCLBMA?B?SK?BCJ?QRPCGL?B?
    CKQCQQCQQCN?P?B?Q
    *B59>1=5>D?9>D5BF1<14?QPGCQBCCVCPA”AGMQPCNCRGBMQQCN?P?B?QNMPNCP”M​BMQBCPCNMSQM
    *B?=2?AMŠ​ESJMBCQ?LESCOSC@JMOSCG?N?PAG?JMSRMR?JKCLRCSK??PRPG?
    ,?<E=545DB59>1=5>D?KCBGB?B?OS?LRGB?BCRMR?JBCRP?@?JFMMSRPCGL?KCLRMPC?​JG​X?BM

    "?#

     J@PGEFR  %P?LX ,  'MPLQ@W &  CR ?J /MQGRGML QR?LB CVCPAGQC ?LB RWNC  BG?@CRCQ ,CB 2AG 2NMPRQ $VCPA
    Z
     KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE?LB/PCQAPGNRGML RFCB/FGJ?BCJNFG?
    / +GNNGLAMRR6GJJG?KQ6GJIGLQ 
     KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB /PMEPCQQGML KMBCJQ GL
    PCQGQR?LACRP?GLGLEDMPFC?JRFW?BSJRQ,CB2AG2NMPRQ$VCPAZ
     KCPGA?L 'C?PR QQMAG?RGML 'C?PR BGQC?QC ?LB QRPMIC QR?RGQRGAQ c SNR?IC  PCNMPR DPMK RFC KCPGA?L 'C?PR
    QQMAG?RGML2R?RGQRGAQ"MKKGRRCC?LB2RPMIC2R?RGQRGAQ2S@AMKKGRRCC"GPASJ?RGMLCZC
     !CFK #&  !SRRML #"  !SRR )" %?ARMPQ ?DDCARGLE DMPAC JMQQ UGRF NPMJMLECB QRPCRAFGLE "?L ) NNJ /FWQGMJ
    Z
     !GQFMN#6?PKSN(NMRCLRG?JKCAF?LGQKQ?LBRFCCDDCARQMDN?QQGTCU?PKSNMLCVCPAGQCNCPDMPK?LAC2NMPRQ,CB
    Z
     !GQFMN # 6?PK SN (( NCPDMPK?LAC AF?LECQ DMJJMUGLE ?ARGTC U?PK SN ?LB FMU RM QRPSARSPC RFC U?PK SN 2NMPRQ
    ,CBZ
     !J?GP 2-  *?KNCPR )!  *MFJ '6 (((  CR ?J (L¥SCLACQ MD A?PBGMPCQNGP?RMPW ¤RLCQQ ?LB MRFCP NPCASPQMPQ ML
    A?PBGMT?QASJ?PBGQC?QC?LB?JJ A?SQCKMPR?JGRWGLKCL?LBUMKCL) , Z
     !J?XCTGAF )  "?LL?T?L #  "MJCK?L #1  CR ?J (L¥SCLAC MD AMLACLRPGA ?LB CAACLRPGA PCQGQR?LAC RP?GLGLE ML
    ?PAFGRCARSP?J?B?NR?RGMLGLFSK?LOS?BPGACNQKSQAJCQ) NNJ/FWQGMJZ
     "MJJGLQ $&  $BUGL +?LE@CGL 6  .PC@?SEF "  CR ?J /MJC2RPGBGLE CVCPAGQC ?LB TGR?KGL $ DMP K?L?ECKCLR MD
    NCPGNFCP?JT?QASJ?PBGQC?QC,CB2AG2NMPRQ$VCPAZ
     "MPLCJGQQCL 5  %?E?PB 1' $DDCAR MD PCQGQR?LAC RP?GLGLE ML PCQRGLE @JMMB NPCQQSPC ? KCR? ?L?JWQGQ MD P?LBMKGXCB
    AMLRPMJJCBRPG?JQ)'WNCPRCLQZ
     "P?KCP )3  'MSQF 3)  6CGP )/  CR ?J 3FC ?ASRC CDDCARQ MD QR?RGA QRPCRAFGLE ML NC?I RMPOSC  KC?L NMUCP MSRNSR
    CJCARPMKWMEP?NFW ?LBKCAF?LMKWMEP?NFW$SP) NNJ/FWQGMJZ
     #CAMQRCP+" "JCJ?LB)  JRGCPG" CR?J3FCCDDCARQMDF?KQRPGLEQRPCRAFGLEMLP?LECMDKMRGML?QWQRCK?RGAJGRCP?RSPC
    PCTGCU).PRFMN2NMPRQ/FWQ3FCPZ
     #C+MPCW#2 *MU?JAFSI), 'CCL?L / CR?J/PGMPCVCPAGQCQNCCBQNSJKML?PW.SNR?ICIGLCRGAQ@WGLAPC?QCQGL
    @MRFJMA?JKSQAJC.?T?GJ?@GJGRW?LB.SRGJGX?RGML) NNJ/FWQGMJZ
     %?E?PB 1' $VCPAGQC AF?P?ARCPGQRGAQ ?LB RFC @JMMB NPCQQSPC PCQNMLQC RM BWL?KGA NFWQGA?J RP?GLGLE ,CB 2AG 2NMPRQ
    $VCPA2Z2BGQASQQGML2Z2
     %?RMSPMQ(& *?K@?Q *?RP?@?Q?Q( CR?J1CQGQR?LACRP?GLGLE?LBBCRP?GLGLECDDCARQML¥CVG@GJGRWNCPDMPK?LACGLRFC
    CJBCPJW?PCGLRCLQGRW BCNCLBCLR)2RPCLERF"MLB1CQZ
     %CPP?P?", &MJB@CPE / .PRKCWCP'* CR?J$DDCARQMD?CPM@GA?LBPCQGQRGTCCVCPAGQCRP?GLGLEMLEJSAMQCBGQNMQ?J
    ?LBQICJCR?JKSQAJCKCR?@MJGQKGLMJBCPKCL)&CPMLRMJ !GMJ2AG,CB2AGZ
     %JCAI 2) "?PBGMT?QASJ?P PCQNMLQC RM QRPCLERF RP?GLGLE (L *MKG /5  CB 2RPCLERF ?LB /MUCP GL 2NMPR .JWKNGA
    $LAWAJMNCBG?MD2NMPRQ,CBGAGLC LBCB 5MJ(((.VDMPB $LEJ?LB6GJCW !J?AIUCJJ Z
     %JCAI2) *P?CKCP6)#CQGELGLE1CQGQR?LAC3P?GLGLE/PMEP?KQ PBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
     %JCRAFCP&% !?J?BW&)  KQRCPB?K$ CR?J$VCPAGQCQR?LB?PBQDMPRCQRGLE?LBRP?GLGLE?QR?RCKCLRDMPFC?JRFA?PC
    NPMDCQQGML?JQDPMKRFC KCPGA?L'C?PR QQMAG?RGML"GPASJ?RGMLZ
     %JCRAFCP (,  )MLCQ ! 3FC CDDCAR MD BGDDCPCLR U?PK SN QRPCRAF NPMRMAMJQ ML  KCRCP QNPGLR NCPDMPK?LAC GL RP?GLCB
    PSE@WSLGMLNJ?WCPQ)2RPCLERF"MLB1CQZ
     %MQRCP" /MPA?PG)/ &G@QML, CR?J3P?LQJ?RGMLMDQS@K?VGK?JCVCPAGQCRCQRPCQNMLQCQRMCVCPAGQCNPCQAPGNRGMLSQGLE
    RFCR?JIRCQR)2RPCLERF"MLB1CQZ
     %MV$+(LRCPT?JRP?GLGLE!SJJ'MQN)MGLR#GQZ
     &?PPGQML 1)  *?LLCJ 6!  2RMICQ ) (((  CR ?J (LAGBCLAC ?LB NPCASPQMPQ MD FWNCPRCLQGML GL WMSLE ?BSJRQ RFC
    %P?KGLEF?K.DDQNPGLE2RSBW/PCT,CBZ
     &CJJGQF1+ &MQJGL!1 .JQML1$ CR?J+MLEGRSBGL?JKMBCJGLEMDRFCPCJ?RGMLQFGN@CRUCCL?EC?LBK?VGK?JFC?PR
    P?RC,CB2AG2NMPRQ$VCPAZ
     &FMQF *  /?JGU?J 1  2?K ,)  CR ?J $DDCAR MD  UCCIQ BCRP?GLGLE ML ?CPM@GA  ?L?CPM@GA A?N?AGRW MD @?QICR@?JJ
    NJ?WCPQRFCGPPCQRMP?RGML(LBG?L),CB1CQZ
     'CJECPSB) 'MWB?J* 6?LE$ CR?J CPM@GAFGEF GLRCLQGRWGLRCPT?JQGKNPMTC5.K?VKMPCRF?LKMBCP?RCRP?GLGLE
    ,CB2AG2NMPRQ$VCPAZ
     'GAIQML1" *?L?IGQ")P #?TGQ)1 CR?J1CBSACBRP?GLGLEBSP?RGMLCDDCARQML?CPM@GANMUCP CLBSP?LAC ?LBA?PBG?A
    EPMURF) NNJ/FWQGMJZ
     'MDDK?L )1  %PW "  'MU?PB 1  CR ?J 2RPCLERF  QNCCB ?LB CLBSP?LAC AF?LECQ BSPGLE RFC AMSPQC MD ? BGTGQGML (
    @?QICR@?JJQC?QML) NNJ2NMPR2AG1CQZ
     (LEF?K 2  6FWRC &/  /CBJ?P "  CR ?J #CRCPKGL?LRQ MD  K ?LB  K PSLLGLE NCPDMPK?LAC SQGLE ?JJMKCRPGA
    KMBCJQ,CB2AG2NMPRQ$VCPAZ
     (XOSGCPBM, (@?LCX) &MLX?JCX !?BGJJM)) CR?J#CRP?GLGLE?LBR?NCPGLECDDCARQMLFMPKML?JPCQNMLQCQ?LBQRPCLERF
    NCPDMPK?LAC)2RPCLERF"MLB1CQZ
     (XOSGCPBM, (@?LCX) &MLX?JCX !?BGJJM)) CR?J#GDDCPCLRG?JCDDCARQMDQRPCLERFRP?GLGLEJC?BGLERMD?GJSPCTCPQSQLMR
    RMD?GJSPCMLFMPKML?JPCQNMLQCQ QRPCLERF ?LBKSQAJCNMUCPE?GLQ) NNJ/FWQGMJZ
     *?PN)1(LRCPT?JRP?GLGLEDMPRFC¤RLCQQNPMDCQQGML?J2RPCLERF"MLB)Z
     *?TMSP?Q2 /?L?EGMR?IMQ#! /GRQ?TMQ" CR?J/FWQGA?J?ARGTGRW M@CQGRWQR?RSQ ?LBEJWACKGAAMLRPMJRFC 33("
    QRSBW,CB2AG2NMPRQ$VCPAZ
     *CJJCW &  *CJJCW *2 /PMEPCQQGTC PCQGQR?LAC CVCPAGQC ?LB PCQRGLE @JMMB NPCQQSPC ? KCR? ?L?JWQGQ MD P?LBMKGXCB
    AMLRPMJJCBRPG?JQ'WNCPRCLQGMLZ
     *P?CKCP6) 1?R?KCQQ- %PW " CR?J(L¥SCLACMDPCQGQR?LACRP?GLGLETMJSKC?LBNCPGMBGX?RGMLMLNFWQGMJMEGA?J
    ?LBNCPDMPK?LAC?B?NR?RGMLQGLAMJJCEG?RCUMKCLRCLLGQNJ?WCPQ K)2NMPRQ,CBZ
     +CKKCP )3  'SPJ@SR #$  ,?PRCJ &%  CR ?J EC ?LB ECLBCP PCQNMLQCQ RM QRPCLERF RP?GLGLE ?LB BCRP?GLGLE ,CB 2AG
    2NMPRQ$VCPAZ
     +CML 2 2?LAFCX. 1CQNMLQCMD@JMMBJGNGBQRMCVCPAGQCRP?GLGLE?JMLCMPAMK@GLCBUGRFBGCR?PWGLRCPTCLRGML,CB
    2AG2NMPRQ$VCPA2Z2BGQASQQGML2Z2
     ,?POSCQ," &MLX?JCX !?BGJJM))(L QC?QMLPCQGQR?LACRP?GLGLE?LBBCRP?GLGLEGLNPMDCQQGML?JRC?KF?LB@?JJNJ?WCPQ
    )2RPCLERF"MLB1CQZ
     ,?PV ).  1?R?KCQQ -  -GLBJ !"  CR ?J +MU TMJSKC AGPASGR TCPQSQ FGEF TMJSKC NCPGMBGXCB PCQGQR?LAC RP?GLGLE GL
    UMKCL,CB2AG2NMPRQ$VCPAZ
     ,A"?PPGAI ,)  *CKN )& 3FC CDDCAR MD QRPCLERF RP?GLGLE ?LB PCBSACB RP?GLGLE ML PMR?RMP ASDD KSQASJ?RSPC "JGL
    !GMKCAF!PGQRMJ  TML 2SNNJ 2Z2
     ,SHGI?( /?BGJJ?2"?PBGMPCQNGP?RMPW?LBKCR?@MJGAAF?P?ARCPGQRGAQMDBCRP?GLGLEGLFSK?LQ,CB2AG2NMPRQ$VCPA
     Z
     ,SHGI?( /?BGJJ?22AGCLRG¤A@?QCQDMPNPCAMKNCRGRGMLR?NCPGLEQRP?RCEGCQ,CB2AG2NMPRQ$VCPAZ
     -CJQML & *MIIMLCL) ASRC@?JJGQRGAKSQAJCQRPCRAFGLEGLFG@GRQK?VGK?JQRPCLERFNCPDMPK?LAC1CQ0$VCPA2NMPR
    Z
     -M@JC!) 1M@CPRQML1)/CPACGTCB$VCPRGML"F?KN?GEL (+'SK?L*GLCRGAQ 
     /CQA?RCJJM +2  %P?LIJGL !  %?E?PB 1  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB $VCPAGQC ?LB
    FWNCPRCLQGML,CB2AG2NMPRQ$VCPAZ
     /MJJMAI,+ &?CQQCP& !SRAFCP)# CR?J3FCPCAMKKCLBCBOS?LRGRW?LBOS?JGRWMDCVCPAGQCDMPBCTCJMNGLE?LB
    K?GLR?GLGLE A?PBGMPCQNGP?RMPW ?LB KSQASJ?P ¤RLCQQ  ?LB ¥CVG@GJGRW GL FC?JRFW ?BSJRQ ,CB 2AG 2NMPRQ $VCPA
    Z
     /MNC 1/  'CP@CPR 1#  *GPU?L )#  CR ?J  P?LBMKGXCB RPG?J MD NPCCVCPAGQC QRPCRAFGLE DMP NPCTCLRGML MD JMUCP JGK@
    GLHSPW,CB2AG2NMPRQ$VCPAZ
     /P?@F?I?P?L! #MUJGLE$ !P?LAF)# CR?J$DDCARMDUCCIQMDPCQGQR?LACRP?GLGLEMLJGNGBNPM¤JC?LB@MBWD?R
    NCPACLR?ECGLNPCKCLMN?SQ?JUMKCL!P)2NMPRQ,CBZ
     1FC?,1  JBCPK?L!+ KCR? ?L?JWQGQMDNCPGMBGXCBTCPQSQLMLNCPGMBGXCBQRPCLERF?LBNMUCPRP?GLGLENPMEP?KQ
    1CQ0$VCPA2NMPRZ
     2?JJGLCL )  %MECJFMJK ,  /?I?PGLCL  CR ?J $DDCARQ MD QRPCLERF RP?GLGLE ?LB LSRPGRGML?J AMSLQCJGLE ML KCR?@MJGA
    FC?JRFGLBGA?RMPQGL?EGLEUMKCL"?L) NNJ/FWQGMJZ
     2?JJGLCL) %MECJFMJK, 5MJCI)2 CR?J$DDCARQMDQRPCLERFRP?GLGLE?LBPCBSACBRP?GLGLEMLDSLARGML?JNCPDMPK?LAC
    ?LBKCR?@MJGAFC?JRFGLBGA?RMPQGLKGBBJC ?ECBKCL(LR)2NMPRQ,CBZ
     2JCLRX "  'MSK?PB )  )MFLQML )+  CR ?J (L?ARGTGRW  CVCPAGQC RP?GLGLE ?LB BCRP?GLGLE  ?LB NJ?QK? JGNMNPMRCGLQ
    2311(#$?P?LBMKGXCB AMLRPMJJCBQRSBWMDCVCPAGQCGLRCLQGRW?LB?KMSLR) NNJ/FWQGMJZ
     2R?PML12 +CML?PBG,) *?P?NMLBM#+ CR?J2RPCLERF?LBQICJCR?JKSQAJC?B?NR?RGMLQGLFC?TW PCQGQR?LAC RP?GLCB
    UMKCL?DRCPBCRP?GLGLE?LBPCRP?GLGLE) NNJ/FWQGMJZ
     3?L?QCQAS, +CGRXK?LL,% 1GKK$! CR?J$VCPAGQCRWNC?LBGLRCLQGRWGLPCJ?RGMLRMAMPML?PWFC?PRBGQC?QCGLKCL
    ) , Z
     3F?AICP2! &GJAFPGQR) 2RPMSN#% CR?J3FCGKN?ARMDQRPCRAFGLEMLQNMPRQGLHSPWPGQI?QWQRCK?RGAPCTGCUMDRFC
    JGRCP?RSPC,CB2AG2NMPRQ$VCPAZ
     3FMK?Q +  !SQQM 3  RFCMPCRGA?J QRSBW MD R?NCP AF?P?ARCPGQRGAQ RM MNRGKGXC NCPDMPK?LAC ,CB 2AG 2NMPRQ $VCPA
    Z
     3MIK?IGBGQ 2/  9MGQ "$  5MJ?IJGQ *  CR ?J 3FC CDDCARQ MD ? AMK@GLCB QRPCLERF ?LB ?CPM@GA CVCPAGQC NPMEP?K ML
    EJSAMQCAMLRPMJ?LBGLQSJGL?ARGMLGLUMKCLUGRFRWNCBG?@CRCQ$SP) NNJ/FWQGMJZ
     3MPPCQ $,  *P?CKCP 6)  5GLEPCL )+  CR ?J $DDCARQ MD QRPCRAFGLE ML SNNCP @MBW KSQASJ?P NCPDMPK?LAC ) 2RPCLERF
    "MLB1CQZ
     4LGAI )  *GCDDCP '2  "FCCQK?L 6  CR ?J 3FC ?ASRC CDDCARQ MD QR?RGA ?LB @?JJGQRGA QRPCRAFGLE ML TCPRGA?J HSKN
    NCPDMPK?LACGLRP?GLCBUMKCL)2RPCLERF"MLB1CQZ
     6FCJRML 2/  "FGL  7GL 7  CR ?J $DDCAR MD ?CPM@GA CVCPAGQC ML @JMMB NPCQQSPC ? KCR? ?L?JWQGQ MD P?LBMKGXCB
    AMLRPMJJCBRPG?JQ LL(LRCPL,CBZ
     6GJJ?PBQML ), 3FC ?NNJGA?RGML MD RP?GLGLE RM D?GJSPC GL NCPGMBGXCB KSJRGNJC QCR PCQGQR?LAC CVCPAGQC NPMEP?KQ )
    2RPCLERF"MLB1CQZ
     6GLAFCQRCP)! -CJQML & +?LBGL# CR?J2R?RGAQRPCRAFGLEGKN?GPQQNPGLRNCPDMPK?LACGLAMJJCEG?RCRP?AI?LB¤CJB
    ?RFJCRCQ)2RPCLERF"MLB1CQZ

    
    J@PGEFR %P?LX, 'MPLQ@W& CR?J/MQGRGMLQR?LBCVCPAGQC?LBRWNCBG?@CRCQ,CB2AG2NMPRQ$VCPAZ
    KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB /PMEPCQQGML KMBCJQ GL PCQGQR?LAC
    RP?GLGLEDMPFC?JRFW?BSJRQ,CB2AG2NMPRQ$VCPAZ
    !CFK#& !SRRML#" !SRR)"%?ARMPQ?DDCARGLEDMPACJMQQUGRFNPMJMLECBQRPCRAFGLE"?L) NNJ/FWZ
    !GQFMN#6?PKSN(NMRCLRG?JKCAF?LGQKQ?LBRFCCDDCARQMDN?QQGTCU?PKSNMLCVCPAGQCNCPDMPK?LAC2NMPRQ,CBZ
    
    !GQFMN # 6?PK SN (( NCPDMPK?LAC AF?LECQ DMJJMUGLE ?ARGTC U?PK SN ?LB FMU RM QRPSARSPC RFC U?PK SN 2NMPRQ ,CB
    Z
    "MPLCJGQQCL5 %?E?PB1'$DDCARMDPCQGQR?LACRP?GLGLEMLPCQRGLERFCNPCQQSPC?KCR? ?L?JWQGQMDP?LBMKGXCBAMLRPMJJCBRPG?JQ)
    'WNCPRCLQZ
    %JCAI 2) "?PBGMT?QASJ?P PCQNMLQC RM QRPCLERF RP?GLGLE (L *MKG /5  CB 2RPCLERF ?LB /MUCP GL 2NMPR .JWKNGA $LAWAJMNCBG? MD
    2NMPRQ,CBGAGLC LBCB 5MJ(((.VDMPB $LEJ?LB6GJCW !J?AIUCJJ Z
    %JCAI2) *P?CKCP6)#CQGELGLE1CQGQR?LAC3P?GLGLE/PMEP?KQ PBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
    %JCRAFCP&% !?J?BW&)  KQRCPB?K$ CR?J$VCPAGQCQR?LB?PBQDMPRCQRGLE?LBRP?GLGLE?QR?RCKCLRDMPFC?JRFA?PCNPMDCQQGML?JQ
    DPMKRFC KCPGA?L'C?PR QQMAG?RGML"GPASJ?RGMLZ
    *P?CKCP 6)  %JCAI 2) .NRGKGXGLE 2RPCLERF 3P?GLGLE #CQGELGLE -MLJGLC?P /CPGMBGX?RGML 6MPIMSRQ "F?KN?GEL  (+ 'SK?L
    *GLCRGAQ 
    ,SHGI?( /?BGJJ?2"?PBGMPCQNGP?RMPW?LBKCR?@MJGAAF?P?ARCPGQRGAQMDBCRP?GLGLEGLFSK?LQ,CB2AG2NMPRQ$VCPAZ
    
    ,SHGI?( /?BGJJ?22AGCLRG¤A@?QGQDMPNPCAMKNCRGRGMLR?NCPGLEQRP?RCEGCQ,CB2AG2NMPRQ$VCPAZ
    /CQA?RCJJM+2 %P?LIGJGL! %?E?PB1 CR?J KCPGA?L"MJJCECMD2NMPRQ,CBGAGLCNMQGRGMLQR?LB$VCPAGQC?LBFWNCPRCLQGML,CB
    2AG2NMPRQ$VCPAZ
    /JGQI22 2RMLC,'/CPGMBGX?RGMLQRP?RCEGCQ2RPCLERF"MLB) Z
    /MJJMAI ,+  &?CQQCP &  !SRAFCP )#  CR ?J 3FC PCAMKKCLBCB OS?LRGRW ?LB OS?JGRW MD CVCPAGQC DMP BCTCJMNGLE ?LB K?GLR?GLGLE
    A?PBGMPCQNGP?RMPW?LBKSQASJ?P¤RLCQQ ?LB¥CVG@GJGRWGLFC?JRFW?BSJRQ,CB2AG2NMPRQ$VCPAZ
    3F?AICP2! &GJAFPGQR) 2RPMSN#% CR?J3FCGKN?ARMDQRPCRAFGLEMLQNMPRQGLHSPWPGQI?QWQRCK?RGAPCTGCUMDJGRCP?RSPC,CB2AG
    2NMPRQ$VCPAZ
    3FMK?Q +  !SQQM 3  RFCMPCRGA?J QRSBW MD N?NCP AF?P?ARCPGQRGAQ RM MNRGKGXC NCPDMPK?LAC ,CB 2AG 2NMPRQ $VCPA Z
    
    6?JJK?LL' LGLRPMBSARGMLRMRFCNCPGMBGX?RGMLRP?GLGLEDMPRFCRPG?RFJCRC2RPCLERF"MLB)Z
    6GJQML), 6GJQML&) NP?ARGA?J?NNPM?AFRMRFCR?NCP2RPCLERF"MLB)Z

    .+
    #C+MPKC3+6?RIGLQ +3CAFLGOSCQMDNPMEPCQQGTCPCQGQR?LACCVCPAGQC PAF/FWQ,CBZ
    #CVRCP+ +CUGQ!, 'MSQQ?W'$ CR?J3FCBWL?KGAQMD@MRFPGEFR?LBJCDRTCLRPGAJCQ?RPCQR?LBBSPGLECVCPAGQCGLN?RGCLRQUGRF
    FC?PRD?GJSPC3P?LQ QQMA K/FWQGAG?LQZ
    *MKG/5%?ARMPQ?DDCARGLEKSQASJ?PQRPCLERF?LBNPGLAGNJCQMDRP?GLGLE#SMBCAGK Z
    ,?RM@?' &MJJLGAI/#1CQNMLQCMDQICJCR?JKSQAJCRMRP?GLGLE2NMPRQ,CB Z
    ,?RTCWCT+%SLB?KCLR?JQMD2NMPRQ3P?GLGLE,MQAMU/PMEPCQQ 
    ,?SB /)  /MJJMAI ,+  %MQRCP "  CR ?J %GDRW WC?PQ MD RP?GLGLE ?LB AMKNCRGRGML GL RFC K?P?RFML 6?JJW '?WU?PB  ?EC c?
    NFWQGMJMEGA?JNPM¤JC2 DP,CB) Z
    .2FC?/0S?LRSK2RPCLERF?LB/MUCP3P?GLGLE&?GLGLERFC6GLLGLE$BEC"MPT?JJGQ .1/?RPGAIQ!MMIQ 
    2F?DDCP "%  "F?NK?L #6 3FC CVCPAGQC CJCARPMA?PBGMEP?K ?L ?GB GL RFC BG?ELMQGQ MD ?PRCPGMQAJCPMRGA FC?PR BGQC?QC GL NCPQMLQ
    CVFG@GRGLE?@LMPK?JJWJ?PEC0U?TCQ K),CB Z
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      "RJFC=;LIJ;J?FKO?IMN?MN?MJ;L;;;JNC>ŠI@MC=;?;=;J;=C>;>?@OH=CIH;FVMCIF•AC=;>?M?GJ?HB;G
    HŠI
    M•J;L;;NF?N;M=IGJ?NCNCPIM
    G;MN;G<ŒGJ;L;;KO?F?MCHN?L?MM;>IM?GG?FBIL;LMO;M;š​>?
      !?M=L?P?L=IGIIMJ;L‡G?NLIM?MJ?=V=IM;M?L?GN?MN;>IM>;;JNC>ŠI@MC=;>?J?H>?G>?=;>;J?MMI;
    ?>?M?OMI<D?NCPIM>?NL?CH;G?HNI
      !CM=ONCL ; CGJILN‡H=C; >? M? M?F?=CIH;L?G HILG;M ?MJ?=V=;M J;L; CHN?LJL?N;L IM L?MOFN;>IM >I N?MN? >?
    OG;J?MMI;
      "RJFC=;LJILKO?>?N?LGCH;>IMN?MN?MJIJOF;L?M>?;JNC>ŠIMŠIL?;​FC​T;>IM??HN?H>?L=IGIL?;FCT† FIM
      !?M=L?P?LIMMCMN?G;MVMCIF•AC=IM;P;FC;>IM?GP†LCIMN?MN?M

    & ?MKOCM;>IL?M >I ?R?L==CI


     NL?CH;>IL?M ;NFŒNC=IM ? IONL;M J?MMI;M N?MN;G ; L?MJIMN;
    VMCIF•AC=; >? OG; J?MMI; IO MO; =;J;=C>;>? JIL GOCNIM GINCPIM
     CH=FOMCP? J;L;
    >?N?LGCH;LIMHP?CMCHC=C;CM>?;JNC>ŠI@MC=;
    ;=IGJ;HB;L;MGO>;H‹;MHIMHP?CM>?MM;
    ;JNC>ŠI IO J;L; JLIJ•MCNIM >? >C;AH•MNC=I  , NCJI >? N?MN? ?M=IFBC>I >?J?H>? GOCNI >;
    J?MMI; IO J?MMI;M KO? ?MN†ŠI M?H>I N?MN;>;M ? >; =;L;=N?LMNC=; VMCIF•AC=; J;L; ;
    KO;FM?>?M?D;;CH@ILG;‹ŠI -IL?R?GJFI
    ;KO;HNC>;>?G†RCG;>?J?MIJIMMP?F?GOG
    ;LL?G?MMI ;NΠI IG<LI JI>? M?L CGJILN;HN? J;L; ;=IGJ;HB;L I JLIAL?MMI >I
    NL?CH;G?HNI >? ;FAOHM NCJIM >? ;NF?N;M
     =IGI DIA;>IL?M >? @ON?<IF ;G?LC=;HI IO
    ;LL?G?MM;>IL?M >? J?MI  "HNL?N;HNI
     CMMI HŠI M?LC; NŠI CGJILN;HN? J;L; ; G;CILC; >;M
    J?MMI;M CHN?L?MM;>;M H; ;JNC>ŠI @MC=;   G?>C>; >CL?N; >;M =;J;=C>;>?M >? ?H>OL;H=?
    =IHMOGI G†RCGI >? IRCAHCI
     FCGC;L >? F;=N;NI M?LC; CGJILN;HN? J;L; KO? ;NF?N;M >?
    ?H>OL;H=? ;=IGJ;HB?G I JLIAL?MMI >I NL?CH;G?HNI  -ILŒG
     OG; ?MNCG;NCP; >I
    =IHMOGIG†RCGI>?IRCAHCIJLIP;P?FG?HN?<;MN;LC;J;L;;G;CILC;>IM?HNOMC;MN;M>I
    =IH>C=CIH;G?HNI@MC=IKO?>?M?D;G;=IGJ;HB;LIJLIAL?MMI>?M?ONL?CH;G?HNI
    !I G?MGI GI>I KO? IM N?MN?M
     ;M HILG;M ONCFCT;>;M J;L; ;P;FC;L I HP?F >? ;JNC>ŠI
    @MC=; >? OG CH​>C​P​>OI P;LC;G >?J?H>?H>I >? M? ?MM? CH​>C​P​>OI M? ?R?L=CN; ;J?H;M J;L;
    MO; M;š​>? IO M? ?F? KO?L ;F=;H‹;L OG >?M?GJ?HBI ;NFŒNC=I C>?;F  !? @;NI
     KO;H>I M?
    ;P;FC; ; ;JNC>ŠI @MC=; >? ;FAOŒ​G
     ΠJL?=CMI ONCFCT;L N?MN?M ? HILG;M ;JLIJLC;>IM J;L; ;
    C>;>?
     I M?RI
     I ?MN;>I GŒ>C=I ? IM I<D?NCPIM >I NL?CH;G?HNI >;KO?F; J?MMI;  -IL
    ?R?GJFI
     IM N?MN?M ? ;M HILG;M M?F?=CIH;>IM J;L; ;@?LCL ; ;JNC>ŠI @MC=; >? OG ;NF?N;
    JLIVMMCIH;FM?LC;GGOCNIG;CMLCAILIMIM>IKO?;KO?F?MONCFCT;>IMJ;L;;P;FC;LIMO=?MMI
    >?OGJLIAL;G;>?=IH>C=CIH;G?HNI?GL?F;‹ŠI‰M;š​>?>?OG?R?=ONCPI>?;HIM>?
    C>;>?
    FŒG >CMMI
     N;G<ŒG >?P? M?L =IHMC>?L;>I KO? ;FAOHM N?MN?M NG FCGCN;‹™?M
    ?MJ?=V=;M  -IL ?R?GJFI
     IM N?MN?M ONCFCT;>IM J;L; ?MNCG;L I =IHMOGI G†RCGI >?
    IRCAHCI HŠI @IL;G P;FC>;>IM J;L; >?N?LGCH;L I =IHMOGI G†RCGI >? IRCAHCI
    ?RNL?G;G?HN? ;FNI >? ;NF?N;M >? ?H>OL;H=?  , OMI >?MM?M N?MN?M J;L; ?MNCG;L I
    =IHMOGI G†RCGI >? IRCAHCI >? ;NF?N;M >? ?H>OL;H=? L?MOFN; ?G OG; KO;HNC>;>?
    MO<MN;H=C;F >? ?LLI  >C=CIH;FG?HN?
     ?MM?M N?MN?M HŠI MŠI JL?=CMIM I <;MN;HN? J;L;
    L;MNL?;L;MJ?KO?H;MGO>;H‹;MHI=IHMOGIG†RCGI>?IRCAHCI>OL;HN?;HIIOOG;
    N?GJIL;>;>?NL?CH;G?HNI>?;NF?N;M>??H>OL;H=? FAOHMN?MN?M
    JIL=;OM;>INCJI>?
    CH@ILG;‹ŠII<NC>;
    HŠIMŠI;>?KO;>IMJ;L;=?LN;MJIJOF;‹™?M L?;​FC​T;‹ŠI>?OGN?MN?
    >? ?M@IL‹I KO? ?HPIFP? OG ?F?NLI=;L>CIAL;G; " $ ?G OG ;NF?N; =IGJ?NCNCPI
    ;J;L?HN?G?HN? M;O>†P?F HILG;FG?HN? @ILH?=?LC; JIO=; CH@ILG;‹ŠI šNCF  "HNL?N;HNI
     OG
    " $M?LC;;>?KO;>I?GOG;J?MMI;G;CMP?FB;=IGBCMN•LC=I>?>ILJ?CNIL;F 1I>IMIM
    N?MN?M NG OG LCM=I CH?L?HN? >? >;HI  &MMI Œ ?MJ?=C;FG?HN? P?L>;>?CLI KO;H>I I N?MN?
    L?KO?L ?M@IL‹I G†RCGI >? J?MMI;M =IG LCM=I ?F?P;>I >? >I?H​‹;M IO >? J?MMI;M KO?
    ?MN?D;GM?L?=OJ?​L;H>I>?OG>;HIJLŒPCI !?MM;G;H?CL;
    ŒJL?=CMINIG;LJL?=;O‹™?M
    >?M?AOL;H‹;;JLIJLC;>;M>OL;HN?IN?MN?@MC=I !?P?GM?L=IHMC>?L;>;M;MCH@ILG;‹™?M
    ; L?MJ?CNI >; ?M=IFB; >I N?MN? ? >? LCM=I >? ?P?HNIM >;HIMIM KO;H>I M? ?M=IFB?G IM
    N?MN?M J;L; OG; J?MMI; IO OG; JIJOF;‹ŠI ?MJ?=V=;  , I<D?NCPI >?MN? =;JNOFI HŠI Œ
    @ILH?=?LOGJLINI=IFI>?N?MN??R;NIIOOGJLI=?>CG?HNIJ;L;IMN?MN?M>CM=ONC>IM
    G;M
    @ILH?=?LCH@ILG;‹™?M;L?MJ?CNI>IMNCJIM>?N?MN?MKO?MŠI=IGOG?HN?L?;​FC​T;>IM?>;
    CHN?LJL?N;‹ŠI>IML?MOFN;>IM>IMN?MN?M

    *A010;7>​<DB2D;0AE4ABDB?>Cu=280

    .Q RCPKMQ ;9()(3/6 C 76;e5*0( QŽM DPCOSCLRCKCLRC SRGJGX?BMQ BC KMBM ?JRCPL?BM CLRPC JCGEMQ C KCQKM CLRPC ?RJCR?Q C
    RALGAMQ K?QLŽMBCTCPG?QCP?QQGK$JCQPCNPCQCLR?KA?N?AGB?BCQDSLAGML?GQBGDCPCLRCQBM​KžQASJMCQOSCJRGAMCNMBCK
    QCPRP?BSXGBMQCKA?N?AGB?BCQ?RJRGA?QBGDCPCLRCQ

    +C232=9@
    .RCPKMDB121<8?BC¤LGBMAMKM?DMP?CVCPAGB?QM@PCSK?BGQR‹LAG?AMKMD™PKSJ? CJCPCNPCQCLR?BMBMQCESGLRC
    KMBM
    3P?@?JFMDMP?BGQR‹LAG?
    QQGK MRP?@?JFMGLAJSG LCACQQ?PG?KCLRC MKMTGKCLRMBCSKM@HCRMNMPSK?BGQR‹LAG?C ECP?JKCLRC MKMTGKCLRMBC
    N?PRCQ BM AMPNM NMP SK? ?KNJGRSBC BC KMTGKCLRM 3CALGA?KCLRC  AMKM M RP?@?JFM PCOSCP M BCQJMA?KCLRM NMP SK?
    BGQR‹LAG? !MVC   LCLFSK RP?@?JFM  PC?​JG​X?BM BSP?LRC SK? ?ŽM ​KSQASJ?P OS?LBM LŽM MAMPPC KMTGKCLRM ?ŽM
    GQMKRPGA? CK@MP?QCCQRCH?E?QR?LBMCLCPEG??BCLMQGL?RPGDMQD?RM: 3/< 
    QSLGB?BCQ?NPMNPG?B?QN?P?OS?LRG¤A?PMRP?@?JFMPC? gGu?BMQŽMHMSJCQ) 4KžLGAMHMSJCPCNPCQCLR?-CURML- 
    IEK - BCDMP?CVCPAGB?NMPSK?BGQR‹LAG?BCK,SGR?QTCXCQ L?AG‘L​AG?BMCVCPA”AGM MRP?@?JFMCVNPCQQMCK
    SLGB?BCQ AMKM OSGJMNMLB *N  MS OSGJMEP?K? KCRPM IE  K  $QQCQ RCPKMQ QŽM BCPGT?BMQ BC AGAJMCPEšKCRPMQ N CV
    @GAJGAJCR? CPEMKRPGA?  BC DPCL?ECK KCA‹LGA? N?BPŽM  OSC R‘K QGBM SRGJGX?BMQ RP?BGAGML?JKCLRC N?P? OS?LRG¤A?P M
    BCQCKNCLFMBCCVCPA”AGM"MKCQQCQAGAJMCPEšKCRPMQ SK?žLGA?PCTMJSŽMAMKNJCR?B?PMB?AM@PC?BGQR‹LAG?BCK
    ,SGRMQRCQRCQAMKAGAJMCPEšKCRPMQQŽMPC?​JG​X?BMQ?SK?R?V?BCNCB?J?B?BCPCTMJSCQNMPKGLSRMPNK BCKMBM
    OSC QCIEBCPCQGQR‘LAG??NJGA?BML?PMB? MRP?@?JFMNPMBSXGBMCKKGLQCPŠBCIE\K\KGLZ0, PNKK
    IE $QQ?R?V?BCRP?@?JFMBCIE\K\KGLZ MSIEK R?K@KOS?LRG¤A?B?AMKMSKžLGAMOSGJMNMLBMS*N
    $K@MP? GKNPCEL?B?Q BC RP?BGŽM C ?GLB? PCESJ?PKCLRC SRGJGX?B?Q  CQQ?Q SLGB?BCQ QŽM GLAMLQGQRCLRCQ AMK ? RCPKGLMJMEG?
    BCQCLTMJTGB? NCJM 2WQR“KC (LRCPL?RGML?J B4LGRQ 2(  OSC DMG ?BMR?BM GLRCPL?AGML?JKCLRC NCJ? AMKSLGB?BC AGCLR”¤A?
    N?P? N?BPMLGX?P ?Q SLGB?BCQ BC KCBGB?Q #? KCQK? K?LCGP? OSC NCQOSGQ?BMPCQ BC MSRP?Q BGQAGNJGL?Q ?A?B‘KGA?Q  MQ
    AGCLRGQR?QBMCVCPA”AGMBCTCKCVNPCQQ?PMRP?@?JFMCKHMSJCQ

    '@Ey?4:2
    MAMLRPŠPGMBMRP?@?JFM ??T?JG?ŽMB?@?Dm>391CLTMJTCSKD?RMPBCRCKNMBCQQ?K?LCGP? ?R?V?CKOSCMRP?@?JFM
    PC?​JG​X?BMGLBGA??NMR‘LAG? D™PKSJ?SRGJGX?B?N?P?BC¤LGPNMR‘LAG??QCESGLRC

    /MR‘LAG?DMP?TCJMAGB?BC
    QQGK OS?LRMK?GQP?NGB?KCLRCSK?OS?LRGB?BCBCRP?@?JFMNMBCQCPPC?​JG​X?B? K?GMP?NMR‘LAG?CVG@GB?#C?AMPBM
    AMKM2( ?SLGB?BCAMKOSC?NMR‘LAG?CVNPCQQ?MU?RR6 6)\QZ 
    /?P?SKCVCKNJMB?TGB?PC?JQM@PC?BGDCPCL?CLRPCRP?@?JFMCNMR‘LAG? AMLQGBCPCMQCESGLRCNCQQM?QJCT?LR?LBMM
    KCQKM NCQM BM AFŽM NCJ? KCQK? BGQR‹LAG? PC?​JG​X?P?K SK? OS?LRGB?BC BC RP?@?JFM GB‘LRGA? /MPK  QC SK? NCQQM? DMG
    A?N?XBCAMKNJCR?P?R?PCD?CKKCLMQRCKNM CLRŽMCQQCGL​BG​T”​BSMBCKMLQRPMSSKEP?SK?GMPBCNMR‘LAG?-?K?GMPG?
    BMQCQNMPRCQCBMQCTCLRMQ?RJRGAMQ ?NMR‘LAG?AMLQGBCP?B?K?GQAP”RGA?N?P?MQSACQQMBMOSC?DMP?MS?A?N?AGB?BCBC
    PC?​JG​X?PRP?@?JFM/MPCVCKNJM RMBMQMQAMKNCRGBMPCQCKSKCTCLRMBC?PPCKCQQMBCNCQMQŽMDMPRCQM@?QR?LRCN?P?PC?​JG​
    X?PMRP?@?JFMBCKMTCPMNCQMB?@MJ?B?BGQR‹LAG?CLRPCMNMLRMBCGL”AGM MLBCCJ?CQRŠ?JMH?B?QM@MOSCGVMAMKM@P?M
    ¥CVGML?BM ?RMNMLRMBCJ?L?KCLRM OS?LBMM@P?MCQRŠAMKNJCR?KCLRCCQRCLBGBM,?QM?RJCR?OSCAMLQCESCD?XCP
    CQQCRP?@?JFMK?GQP?NGB?KCLRCOSCT?G CKžJRGK??LŠJGQC GKNSJQGML?P?@MJ?NCJ?K?GMPBGQR‹LAG??LRCQOSCCJ?NMSQC
    NMR‘LAG? ?JESK?Q TCXCQ  AF?K?B? BC YDMP? CVNJMQGT?^  C  CK CQNMPRCQ C ?RGTGB?BCQ OSC ?NPCQCLR?K KMTGKCLRMQ
    BGL‹KGAMQ CJ?LMPK?JKCLRCK?GQT?JMPGX?B?BMOSC?DMP?

    ! 

    Z:
    % E6DE6 56 F>2 C6DA@DE2 @F 42A24:5256 LD:@=8:42 x C62 g25@ A@C >F:E2D C2J‚6D :?4=FD:G6 A2C2 56E6C>:?2C @D ?{G6:D :?:4:2:D 56
    56D6>A6?9@7{D:4@24@>A2?92C2D2=E6C2w‚6D?@D?{G6:D567@C>27{D:42@FA2C2AC@AD:E@D5:28?DE:4@D
    % E:A@ 56 E6DE6 6D4@=9:5@ 56A6?56 7@CE6>6?E6 52 A6DD@2 BF6 6DEs D6?5@ E6DE252 6 52 42C24E6C{DE:42 LD:@=8:42 A2C2 2 BF2= 2
    :?7@C>2wv@x56D6;252
    %DE6C>@D%#!6"!%5 C6AC6D6?E2>42A24:5256D7F?4:@?2:D5:76C6?E6D5@​>ƒD4F=@6DBF6=xE:4@6A@56>EC25FJ:C5:76C6?E6D
    42A24:5256D2E=xE:42D
    %E6C>@%#!x56L?:5@4@>@27@Cw26I6C4:52D@3C6F>25:DEt?4:24@>@7C>F=26=6xC6AC6D6?E25@4@>@EC232=9@7@Cw2
    5:DEt?4:2
     2G2=:2wv@ 52 A@Ey?4:2 6?G@=G6 F> 72E@C E6>A@C2= 56DD2 >2?6:C2 2 E2I2 6> BF6 @ EC232=9@ x C62​=:​J25@ :?5:42 2 A@Ey?4:2 
    7C>F=2FE:=:J252A2C256L?:CA@Ey?4:2x

    MS ?JRCPL?RGT?KCLRC
    Potência = força X velocidade

    ,4&
    757;c7+)4+=4),7;7<:)*)407-)87<f6+1),=:)6<-=5)<):-.).h;1+)
    +7574->)6<):=58-;77=+7::-:-5=5)4),-1:)
    /?P?A?JASJ?PMRP?@?JFMC?NMR‘LAG?BMKMTGKCLRMBCSK?PCQGQR‘LAG? BCTCKQCPAMLFCAGBMQ?BGQR‹LAG?CKOSC?
    PCQGQR‘LAG?  KMTGKCLR?B? C M RCKNM LCACQQŠPGM N?P? PC?​JG​X?P ? R?PCD? /PGKCGPM  T?KMQ A?JASJ?P M RP?@?JFM C ?
    NMR‘LAG?OS?LBMQCPC?​JG​X?SK?PMQA?BGPCR?LMKMKCLRMOSCSK?NCQQM?JCT?LR?IETCPRGA?JKCLRCNMPAKCK
    QCESLBMQ1CN?PCOSCCQQCAŠJASJMGELMP??K?QQ?BM?LRC@P?MB?NCQQM?

    IEK HMSJCQ)
    3P?@?JFMDMP?BGQR‹LAG?
    3P?@?JFMIE K
    3P?@?JFM IEK
    3P?@?JFM IEK )\IE\KZ
    3P?@?JFM )
    6)\QZ
    /MR‘LAG? )Q
    /MR‘LAG? 6
    0S?LBM?JES​KAMPPC ?DMP?J?BCGP??AGK?COSGT?JCLRC?QS?K?QQ?AMPNMP?JCBCTCQCPAMLFCAGB??BGQR‹LAG?
    TCPRGA?JJ?BCGP??AGK?/MPCVCKNJM QCSK?NCQQM?AMKNCQMBCIEAMPPCJ?BCGP??AGK?SK?BGQR‹LAG?TCPRGA?JBC
     KCKQCESLBMQ MRP?@?JFMC?NMR‘LAG?QCPG?KA?JASJ?BMQB?QCESGLRCK?LCGP?

    3P?@?JFMIE K
    3P?@?JFM IEK
    3P?@?JFM IEK )\IE\KZ

    /MR‘LAG? 6

    $K@MP??JESLQBMQBCRCPKGL?LRCQB?NMR‘LAG?QCH?KBCPGT?BMQB?ECLRGA?Z?OSCJCQAMKK?GMPNMPACLR?ECKBC¤@P?Q*
    KSQASJ?​PCQ BC AMLRP?ŽM PŠNGB? RGNM ((  RCLBCK ? QCP KCJFMPCQ ?RJCR?Q BC NMR‘LAG? Z  M RPCGL?KCLRM R?K@K NMBC QCP
    SRGJGX?BMN?P??SKCLR?P?A?N?AGB?BCBCNMR‘LAG?BCSK​KžQASJM GLB??QQGK ?RJCR?QCQCSQRPCGL?BMPCQD”QGAMQBCTCKRCP
    CKKCLRCOSCMBCQCLTMJTGKCLRMBCNMR‘LAG?ECP?JKCLRCPCOSCPCQRP?REG?QBGDCPCLRCQBMRPCGL?KCLRMBCDMP?.SQCH? M
    RPCGL?KCLRMBCDMP?CLTMJTCPŠMJCT?LR?KCLRMBCEP?LBCQPCQGQR‘LAG?QBC?B?AMLRP?ŽMKŠVGK?TMJSLRŠPG?BC
    SK?NCQQM? MSPCNCRGŽMKŠVGK?1, /MPMSRPMJ?BM MRPCGL?KCLRMN?P?NMR‘LAG?SRGJGX?PCQGQR‘LAG?KCLMPCQZ?
    BC1,Z NCPKGRGLBMKMTGKCLRMQK?GQPŠNGBMQOSCLŽMBCTCKGLAJSGPAMLRP?CQMNMQGRMP?QMSBCDPCL?ECKAMK
    MM@HCRGTMBCBCQ?ACJCP?PMKMTGKCLRMN?P?M¤KB??KNJGRSBCBMKMTGKCLRM1CGRCP?LBMOS?LBMQCRCQR??C¤AŠAG?BC
    NPMEP?K?Q BC AMLBGAGML?KCLRM N?P? ?SKCLR?P ? A?N?AGB?BC DSLAGML?J BC SK ​KžQASJM   CQQCLAG?J BGQRGLESGP CLRPC ?
    A?N?AGB?BC BC M ​KžQASJM PC?​JG​X?P RP?@?JFM C BC CVG@GP NMR‘LAG? 2CKCJF?LRCKCLRC   GKNMPR?LRC SRGJGX?P ?Q SLGB?BCQ BC
    KCBGB? ?BCOS?B?Q  AMKM BC¤LGBM NCJM 2(  N?P? CQQCQ  N?P‹KCRPMQ HMSJCQ  N?P? OS?LRG¤A?P M RP?@?JFM C U?RRQ  N?P?
    OS?LRG¤A?PNMR‘LAG?

    *4BC4B344=3DA0=2420A38>E0B2D;0A

    5+<9(5*, A?PBGMT?QASJ?P  SK BMQ N?P‹KCRPMQ ¤QGMJ™EGAMQ K?GQ AMKSKCLRC KCBGBMQ C FŠ K?GQ RCKNM L? AG‘L
    ^G? BM
    CVCPA”AGM$J?LMPK?JKCLRCOS?LRG¤A?B?AMKMMTMJSKCKŠVGKMBCMVGE‘LGMAMLQSKGBMNCJ?PCQNGP?ŽMKGRMAMLBPG?J
    BSP?LRC M CVCPA”AGM KŠVGKM NPMJMLE?BM  KCBGB? K?GQ AMKSKCLRC ?QQMAG?B?  ,5+<9(5*, A?PBGMT?QASJ?P  M AMLQSKM
    KŠVGKMBCMVGE‘LGM5.KŠV R?K@KAF?K?BMBCNMR‘LAG??CP™@G?KŠVGK?MSA?N?AGB?BC?CP™@G?$QQ?SK?KCBGB?
    GKNMPR?LRCNMPOSCSKGLBGA?RGTMLŽMQ™B?QA?N?AGB?BCQBC,5+<9(5*,N?P??RJCR?Q K?QR?K@KBMCQR?BMBCQ?ž​BC C
    SKNPCBGRMPB?KMPR?JGB?BCR?LRMBCNMNSJ?CQQ?SBŠTCGQOS?LRMBMCLRCQ /MPCVCKNJM KCQKMSK?NCOSCL?PCBSŽM
     Kl\IEZ\KGLZ CKNCQQM?QBMCLRCQBGKGLSG?QR?V?QBCQM@PCTGT‘LAG?CK?NPMVGK?B?KCLRC3?K@KN?PCAC
    F?TCPSK5.KŠVK”LGKMKl\IEZ\KGLZ LCACQQŠPGMN?P?K?LRCP?TGB?GLBCNCLBCLRC/MPA?SQ?BCQS?PCJ?ŽM
    LŽM Q™ AMK M BCQCKNCLFM BC ,5+<9(5*,  K?Q R?K@K AMK ? KMPR?JGB?BC C AMK ? A?N?AGB?BC BC K?LRCP SK? TGB?
    GLBCNCLBCLRC M5.KŠVRCQR?BMCKSK?EP?LBCT?PGCB?BCBCNCQQM?Q BCQBC?RJCR?QBC,5+<9(5*,BCCJGRC?NMNSJ?CQ
    BMCLRCQCGBMQMQ
    $K@MP?M5.KŠVPCNPCQCLRC?A?N?AGB?BCKŠVGK?BMQGQRCK?A?PBGMPPCQNGP?R™PGM MSRP?QKCBGB?Q GLAJSGLBMDPC​OS‘LAG?
    A?PB”?​A? NPCQQŽM?PRCPG?J $"&CAMLQSKMBCMVGE‘LGMCKA?PE?QBCRP?@?JFMQS@KŠVGK?Q R?K@KPCNPCQCLR?K?DSLŽM
    A?PBGMPPCQNGP?R™PG? QQGK  CQQ?Q KCBGB?Q R?K@K QŽM KSGR?Q TCXCQ BCRCPKGL?B?Q OS?LBM QC RCQR? ? ,5+<9(5*,
    A?PBGMT?QASJ?P  CQNCAG?JKCLRC QC M RCQRC CQRŠ QCLBM PC?​JG​X?BM N?P? NPMN™QGRMQ BG?EL™QRGAMQ  AMKM N?P? BCRCPKGL?ŽM MS
    RP?R?KCLRMBCBMCL​?A?PBGMT?QASJ?P.RGNMBCRCQRCPC?​JG​X?BMBCNCLBCBMNPMN™QGRMBMRCQRC B?NCQQM?QCLBMRCQR?B?C
    BMCOSGN?KCLRM B?QGLQR?J?CQCB?COSGNCBGQNML”TCJN?P?QS?PC?​JG​X?ŽM
    $K SK? CQRPSRSP? J?@MP?RMPG?J  M D5CD5 45 5C6?Bk? @B?7B5CC9F? *&  K?GQ AMKSKCLRC SRGJGX?BM N?P? BCRCPKGL?P
    R?LRM M 5. KŠV OS?LRM MQ T?JMPCQ QS@KŠVGKMQ BC OS?JOSCP T?​PGŠ​TCJ A?PBGMT?QASJ?P BCQCH?B?  K?Q CJC R?K@K NMBC QCP
    CQRGK?BM !MVC   -CQQC RCQRC  ? A?PE? BC RP?@?JFM PC?​JG​X?BM ?SKCLR? EP?BS?JKCLRC  SRGJGX?LBM LMPK?JKCLRC SK?
    CQRCGP?KMRMPGX?B?MSSK?@GAGAJCR?CPEMKRPGA?3?K@KFŠRCQRCQBCA?KNMBC,5+<9(5*,A?PBGMT?QASJ?POSCPCOSCPCK
    QS@QR?LAG?JKCLRCKCLMQCOSGN?KCLRMQC NMPR?LRM QŽMKCLMQA?PMQBMOSCMQRCQRCQJ?@MP?RMPG?GQ.QPCQSJR?BMQBMQRCQRCQ
    BC,5+<9(5*,A?PBGMT?QASJ?PQŽMSRGJGX?BMQN?P??T?JG?PMQL”TCGQGLGAG?GQBCAMLBGAGML?KCLRMD”QGAM KMLGRMP?PMQL”TCGQBC
    AMLBGAGML?KCLRMD”QGAMC?Q?B?NR?CQ¤QGMJ™EGA?QNPMKMTGB?QNCJMRPCGL?KCLRMMSNMP?JESKCQR?BMN?RMJ™EGAMCN?P?
    NPCQAPGŽM BM RPCGL?KCLRM D”QGAM -?Q NP™VGK?Q QCCQ  QCPŽM BGQASRGBMQ MQ NPMRMAMJMQ K?GQ AMKSLQ C ?Q T?​PGŠ​TCGQ
    BCRCPKGL?B?QCK?K@MQMQRCQRCQBCJ?@MP?R™PGMCBCA?KNM

    +6DE6D56=23@C2EC:@
    .Q RCQRCQ BC ,5+<9(5*, A?PBGMT?QASJ?P MS 3$/ BC J?@MP?R™PGM QŽM PC?​JG​X?BMQ ECP?JKCLRC SRGJGX?LBM QC SK? @GAGAJCR?
    CPEMKRPGA?MSSK?CQRCGP?KMRMPGX?B?&CP?JKCLRC MQT?JMPCQBC5.KŠVQŽM?NPMVGK?B?KCLRCK?GMPCQBSP?LRC?
    AMPPGB?BCCQRCGP?BMOSCL?@GAGAJCR?CPEMKRPGA?
    $K?JESK?QNMNSJ?CQNMBCKQCPSRGJGX?BMQMSRPMQCOSGN?KCLRMQ/MPCVCKNJM PCK?BMPCQCL?B?BMPCQNMBCKSRGJGX?P
    SK PCKM CPEMKRPGAM MS SK BGQNMQGRGTM BC L?BM AMLRP? ? AMPPCLRCX?  PCQNCARGT?KCLRC $QQC COSGN?KCLRM ?JRCPL?RGTM 
    SRGJGX?BMNMPOSCSK?NCQQM?OSCRPCGL?SRGJGX?LBMSKKMBMN?P​RGASJ?PBCCVCPA”AGMNMBCPŠ?JA?L?PM5.KŠVSRGJGX?LBM
    CQQC KMBM BC CVCPA”AGM  OS?LBM AMKN?P?BM AMK MSRPMQ RGNMQ BC CVCPA”AGM BGAGML?JKCLRC  ? GLDMPK?ŽM BM RCQRC DPC​
    OS‘LAG? A?PB”?​A? CK SK? A?PE? BC RP?@?JFM CQNCA”¤A?  OSC NMBC QCP SRGJGX?B? N?P? NPCQAPCTCP M RPCGL?KCLRM QCPŠ K?GQ
    NPCAGQ?QCM@RGB??N?PRGPB?DMPK?R”NGA?BCCVCPA”AGMBCSK?NCQQM?
    .SRP? AMLQGBCP?ŽM  ? AMLRP?GLBGA?ŽM ? ACPRMQ RGNMQ BC CVCPA”AGM 4K GBMQM NMBC RCP NPM@JCK?Q MPRMNBGAMQ  AMKM
    ?PRPGRCLMQHMCJFMQ AMLRP?GLBGA?LBMMCVCPA”AGMCKCQRCGP?-CQQCA?QM MNCQOSGQ?BMPBCCVCPA”AGMNMBCCQAMJFCP?@GAGAJCR?
    CPEMKRPGA?.S?GLB? QCMQNPM@JCK?QBC?PRPGRCQŽMKSGRMEP?TCQ ?NCQQM?NMBCPC?​JG​X?PMCVCPA”AGMCK?JESKRGNMBC
    CPEšKCRPM BC KCK@PMQ QSNCPGMPCQ  @GAGAJCR? CPEMKRPGA? R?K@K NMBC QCP ?BCOS?B? QC ? NCQQM? RCK GLQR?@GJGB?BC
    NMQRSP?J BSP?LRC A?KGLF?B? MS AMPPGB?  MS SK? BMCL​? LCSPM​KSQASJ?P .Q NPMRMAMJMQ BC CQRCGP? ECP?JKCLRC QŽM K?GQ
    ?NPMNPG?BMQNMPOSC?K?GMPG?B?QNCQQM?QCQRŠK?GQD?KGJG?PGX?B?AMK?A?KGLF?B?C?AMPPGB?BMOSCAMKMCVCPA”AGMAMK
    @GAGAJCR? JKBGQQM QCSK?NCQQM?LŽMCQRŠD?KGJG?PGX?B?AMKMSRPCGL?B?CK@GAGAJCR?Q MCVCPA”AGMAMK@GAGAJCR?NMBC
    PCQSJR?PCKD?BGE?​KSQASJ?PJMA?JL?QNCPL?Q?LRCQBCAFCE?P?M5. KŠVMS?LRCQBCCQRPCQQ?P?BCOS?B?KCLRCMQGQRCK?
    A?PBGMT?QASJ?PN?P?NPMN™QGRMQBG?EL™QRGAMQ
    JK BM RGNM BC CVCPA”AGM ? QCP PC?​JG​X?BM BSP?LRC M 3$/   NPCAGQM AMLQGBCP?P M NPMRMAMJM MS ? K?LCGP? AMK OSC ?
    GLRCLQGB?BC BM CVCPA”AGM  ?SKCLR?B? BSP?LRC M RCQRC #SP?LRC SK RCQRC BC CVCPA”AGM AMK @B?D?3?<? 3?>Do>E?  ?
    GLRCLQGB?BC?SKCLR?B?CKCQRŠEGMQQCKBCQA?LQMMSGLRCPT?JMCLRPCMQCQRŠEGMQ#SP?LRCSK@B?D?3?<?45C3?>Do>E? ?
    GLRCLQGB?BC BM CVCPA”AGM  ?SKCLR?B? CK CQRŠEGMQ  K?Q AMK SK @PCTC NCP”M​BM BC BCQA?LQM CLRPC CJCQ .Q NPMRMAMJMQ
    BCQAMLR”LSMQQŽMžRCGQCK?JESK?QQGRS?CQ AMKMCLRPCNMNSJ?CQBCN?AGCLRCQOSCLŽMRMJCP?KMCVCPA”AGMAMLR”LSM
    AMKGLRCLQGB?BCQQCKNPCAPCQACLRCQ/MPK QCMQN?AGCLRCQRMJCP?KMQNPMRMAMJMQAMLR”LSMQ CJCQQŽMNPCDCPGBMQ

    ,4&
    $ 5`@87,-;-:8:->1;<7;-59=-;-2).-1<76-60=5<-;<-.h;1+7

    . 5. KŠV BC SK? NCQQM? CK GB?BC SLGTCPQGRŠPG? NMBC QCP NPCTGQRM SRGJGX?LBM B?BMQ OSC LŽM QCH?K BC CVCPA”AGMQ
    4RGJGX?P B?BMQ OSC LŽM QŽM BC CVCPA”AGMQ N?P? NPCBGXCP M 5. KŠV NMBC QCP žRGJ OS?LBM QC PC?​JG​X? ? RPG?ECK BC
    EP?LBCQEPSNMQBCNCQQM?Q NPCBGŽMCLTMJTCMSQMBCGLDMPK?CQM@RGB?QNMPSKOSCQRGMLŠPGMN?P?CQRGK?PMQ
    L”TCGQ BC ?RGTGB?BC D”QGA?  OSC QŽM SRGJGX?BMQ CLRŽM N?P? NPCBGXCP M 5. KŠV .Q N?PRGAGN?LRCQ QŽM QMJGAGR?BMQ ?
    AMKNJCR?PMOSCQRGMLŠPGM?QCESGP

    8-??5G/-ed;01-@5B50-012h?5/-
    2CJCAGMLCMLžKCPMOSCBCQAPCTCKCJFMPQCSL”TCJECP?JBC?RGTGB?BCD”QGA?LMQžJRGKMQKCQCQ
     >1D9F?CTGR?A?KGLF?B?MSCQDMPM QCKNPCSQ?MCJCT?BMP BGPGECQCKNPCOSCNMQQ”TCJCKTCXBCA?KGLF?P
     D9F94145 <5F5 A?KGLF? NMP NP?XCP  SRGJGX? ?Q CQA?B?Q PMRGLCGP?KCLRC  MA?QGML?JKCLRC QC CVCPAGR? M @?QR?LRC
    N?P?A?SQ?P?PCQNGP?ŽMDMPRCMS?RP?LQNGP?ŽM
     D9F94145 =?45B141  ?  KGL NMP QCK?L? BC ?RGTGB?BC KMBCP?B? AMKM EMJDC  COSGR?ŽM  CVCPA”AGMQ
    A?JGQR‘LGAMQ R‘LGQBCKCQ? @MJGAFC JCT?LR?KCLRMBCNCQM H?PBGL?ECK D?VGL? A?KGLF?PN?P?QCCVCPAGR?P
     D9F94145=?45B141K?GQBCFNMPQCK?L?B?Q?RGTGB?BCQKMBCP?B?QBCQAPGR?Q?LRCPGMPKCLRC
     D9F94145 F97?B?C1 AMPPCP KCLMQ OSC   IK NMP QCK?L? MS N?QQ?P KCLMQ BC  KGL NMP QCK?L? CK
    ?RGTGB?BCAMKN?R”TCJAMKMAMPPGB?MSRPMRC L?BMJGTPC AGAJGQKM PCKM CVCPA”AGMQ?CP™@GMQ NSJ?PAMPB? AMPPCP
    LM KCQKM JSE?P MS PC?​JG​X?P ?RGTGB?BC BM RGNM ?CP™@G? TGEMPMQ?  AMKM DSRC@MJ  @?QOSCRC  R‘LGQ  P?OSCRC@MJ MS
    F?LBC@MJ
     D9F94145F97?B?C1AMPPCPBC IK?KCLMQBCIKNMPQCK?L? MSN?QQ?PBCKGL?KCLMQBCKGL
    NMPQCK?L?CK?RGTGB?BCD”QGA?AMKN?PŠTCJOSCJ?QBCQAPGR?Q?LRCQ
     D9F94145 F97?B?C1 AMPPCP BC  IK ? KCLMQ BC  IK NMP QCK?L? MS N?QQ?P BC  F ? KCLMQ BC  F NMP
    QCK?L?CK?RGTGB?BCAMKN?PŠTCJQBCQAPGR?Q?LRCPGMPKCLRC
     D9F94145 F97?B?C1 AMPPCP BC  IK ? KCLMQ BC  IK NMP QCK?L? MS N?QQ?P BC  F ? KCLMQ BC  F NMP
    QCK?L?CK?RGTGB?BCAMKN?PŠTCJQBCQAPGR?Q?LRCPGMPKCLRC
     D9F94145 F97?B?C1 AMPPCP BC  IK ? KCLMQ BC  IK NMP QCK?L? MS N?QQ?P BC  ?  F NMP QCK?L? CK
    ?RGTGB?BCAMKN?PŠTCJQBCQAPGR?Q?LRCPGMPKCLRC
     D9F94145 F97?B?C1 AMPPCP BC  ?  IK NMP QCK?L? MS N?QQ?P BC  F ? KCLMQ BC  F NMP QCK?L? CK
    ?RGTGB?BCAMKN?PŠTCJQBCQAPGR?Q?LRCPGMPKCLRC
     D9F94145F97?B?C1AMPPCPK?GQBCIKNMPQCK?L?MSN?QQ?PK?GQBCFNMPQCK?L?CK?RGTGB?BCD”QGA?
    AMKN?PŠTCJQBCQAPGR?Q?LRCPGMPKCLRC

    #1>3A:@-?01/-<-/50-012A:/5;:-8<1>/1.50-#
    2SNMLF? OSC TMA‘ QC CVCPAGRC AML​RG​LS?KCLRC CK SK? AMPPGB? CK JMA?J DCAF?BM NMP   IK 0S?J K?PAF? BC
    CVCPA”AGM?BCOS?B??TMA‘LŽMKSGRMDŠAGJMSLŽMKSGRMBGD”AGJ"GPASJCMLžKCPM?NPMNPG?BMBC?
     "?KGLF?PCKSKN?QQMJCLRMKGLNMP IKMSK?GQ 
     "?KGLF?PCKSKN?QQMKBGMKGLNMP IK 
     "?KGLF?P?SKN?QQMPŠNGBMKGLNMP IK 
     3PMR?P?SKN?QQMJCLRMKGLNMP IK 
     3PMR?P?SKN?QQMKBGMKGLNMP IK 
     3PMR?P?SKN?QQMPŠNGBMKGLNMP IK 
     "MPPCP?SKN?QQMPŠNGBMKGLMSKCLMQNMP IK 
    0SŽM PŠNGBM TMA‘ AMLQCESC NCPAMPPCP SK? BGQR‹LAG? BC   IK C >j? ¤A?P QCK DšJCEM MS BCK?QG?B?KCLRC
    D?RGE?BM2CH?PC?JGQR?"GPASJCMLžKCPM?NPMNPG?BMCLRPCC
     $SNMBCPG??LB?PRMB??BGQR‹LAG??SKN?QQMJCLRM KGLMSK?GQNMPOSGJšKCRPM 
     $SNMBCPG?A?KGLF?PRMB??BGQR‹LAG??SKN?QQMKBGMKGLIK 
     $SNMBCPG?A?KGLF?PRMB??BGQR‹LAG??SKN?QQMPŠNGBM KGLIK 
     $SNMBCPG?RPMR?PRMB??BGQR‹LAG??SKN?QQMJCLRM KGLIK 
     $SNMBCPG?RPMR?PRMB??BGQR‹LAG??SKN?QQMKBGM KGLIK 
     $SNMBCPG?RPMR?PRMB??BGQR‹LAG??SKN?QQMPŠNGBMKGLIK 
     $SNMBCPG?AMPPCPRMB??BGQR‹LAG??SKN?QQMPŠNGBM KGLMSKCLMQNMPOSGJšKCRPM 
    JKB?QPCQNMQR?Q?MOSCQRGMLŠPGM?LRCPGMP KSGR?QMSRP?QDP?CQBCGLDMPK?ŽMQŽMLCACQQŠPG?Q
    2CVMDCKGLGLMK?QASJG​LM
    zLBGACBCK?QQ?AMPNMP?J(," (,"K?QQ?AMPNMP?JIE \ JRSP?AMPNMP?JZK
    COS?ŽM?QCESGPSRGJGX?B?CLRŽMN?P?NPCBGXCPM5.KŠV
    5.KŠVKl\IEZ\KGLZ    QCVM Z (,"   '/%   " %
    /MP CVCKNJM  SK FMKCK AMK  IE    K BC ?JRSP? AMK " % BC  C '/% BC     RCPG? SK? 5. KŠV
    NPCTGQR?BC
    (,"  
    (," 
    5.KŠVKl\IEZ\KGLZ     Z        
    5.KŠVKl\IEZ\KGLZ  Kl\IEZ\KGLZ

    1CGKNPCQQM AMK NCPKGQQŽM BC &CMPEC +#  2RMLC 6)  !SPICRR +- -ML CVCPAGQC 5\. KŠV CQRGK?RGML DMP NFWQGA?JJW ?ARGTC
    AMJJCECQRSBCLRQ,CB2AG2NMPRQ$VCPA 

    2CSKNPMRMAMJMAMLR”LSMMSBCQAMLR”LSMSRGJGX?BM ?A?PE?BCRP?@?JFMGLGAG?JGPŠT?PG?PBCNCLBCLBMBCOSCKCQRŠ
    QCLBM RCQR?BM /MP CVCKNJM  SK N?AGCLRC AMK BMCL​? A?PBGMT?QASJ?P NMBC ?JA?L?P SK? A?PE? BC RP?@?JFM ¤L?J OSC 
    KCLMP BM OSC ? A?PE? BC RP?@?JFM GLGAG?J BC SK ?RJCR? RPCGL?BM "?B? A?PE? BC RP?@?JFM CK SK NPMRMAMJM AMLR”LSM MS
    BCQAMLR”LSM RCK ECP?JKCLRC  ?  KGL BC BSP?ŽM $QQ? BSP?ŽM LMPK?JKCLRC  EP?LBC M @?QR?LRC N?P? OSC M QGQRCK?
    A?PBGMT?QASJ?P?JA?LACSKCQR?BMBCCOSGJ”@PGMTCP"?N”RSJM QCNMQQ”TCJ.?JA?LACBMCQR?BMBCCOSGJ”@PGMLCACQQŠPGM
    QCMRCQRCCQRŠQCLBMDCGRMN?P??NPCQAPGŽMB?GLRCLQGB?BCBCRPCGL?KCLRMQCH?BCSK?RJCR?MSBCSKN?AGCLRC$LRPCR?LRM
    QCMNPGLAGN?JM@HCRGTMBMRCQRC?BCRCPKGL?ŽMBM5.KŠV LŽMLCACQQŠPGMAFCE?P?MCQR?BMBCCOSGJ”@PGMCKA?PE?QBC
    RP?@?JFMQS@KŠVGK?Q
    3?K@K BCTC QCP AMLQGBCP?BM OS?LRM B? A?PE? BC RP?@?JFM  ?SKCLR?B? BSP?LRC A?B? CQRŠEGM BM RCQRC v NMQQ”TCJ
    ?SKCLR?P?A?PE?BCRP?@?JFMCKGLAPCKCLRMQK?GMPCQN?P?GL​BG​T”​BSMQQ?SBŠTCGQMS?RJCR?QBMOSCN?P??OSCJCQAMKSK?
    N?RMJMEG? AMKMBMCL​?A?PBGMT?QASJ?PMSBG?@CRCQ MSOSCCQRCH?KCLTMJTGBMQAMKSKNPMEP?K?BCPC?@GJGR?ŽMA?PB”?​A?
    (LAPCKCLRMQ EP?LBCQ L? A?PE? BC RP?@?JFM CK A?B? CQRŠEGM  MS NMP KGLSRMQ  PCQSJR?K CK NPMRMAMJMQ PŠNGBMQ  CLOS?LRM
    GLAPCKCLRMQ NCOSCLMQ L? A?PE? BC RP?@?JFM PCQSJR?K CK NPMRMAMJMQ JCLRMQ K@MQ MQ NPMRMAMJMQ PŠNGBM C JCLRM NMBCK
    QS@CQRGK?PM5.KŠVAMKN?P?BMQAMKMQNPMRMAMJMQGL​RCP​KC​BGŠ​PGMQ OSCR‘KBSP?ŽMBC?KGL%MGQSECPGBMOSCMQ
    NPMRMAMJMQPŠNGBMQPCQSJR?KLM¤KNPCAMACBM3$/NMPA?SQ?BCGLQS¤AG‘LAd?BCDMP?KpQASJ?PN?P?RMJCP?PMQEP?LBCQ
    ?SKCLRMQ L? R?V? BC RP?@?JFM BSP?LRC MQ CQRŠEGMQ ¤L?GQ BM RCQRC (QQM PCQSJR? CK SK? QS@CQRGK?ŽM BM 5. KŠV /MP
    MSRPM J?BM  NPMRMAMJMQ JCLRMQ NMBCK PCQSJR?P CK ?SKCLRM B? RCKNCP?RSP? ACLRP?J C KCLMP KMRGT?ŽM N?P? AML​RG​LS?P M
    RCQRC  RCKNCP?RSP? ACLRP?J ?SKCLR?B? PCQSJR? CK PCBGQRPG@SGŽM BM ¥SVM Q?LES” i CM N?P? ? NCJC CK BCRPGKCLRM BM *
    KžQASJM?RGTM$QQCQD?RMPCQR?K@KNMBCKJCT?P?SK5.KŠVBGKGLS”​BM#CQQ?K?LCGP? RCQRCQN?P?BCRCPKGL?PM5.
    KŠVBCTCKRCPBSP?ŽMCLRPCCKGL/MPK MQRCQRCQBC5.KŠVAMK@GAGAJCR?CPEMKRPGA?AMKBSP?ŽMCLRPCC
    KGLCRCQRCQAMKCQRCGP?OSCBSP?KCLRPCCKGLPCQSJR?KCKBCRCPKGL?CQTŠJGB?QBM5.KŠV4K?PCQQ?JT?QM@PC
    CQQCQ GLRCPT?JMQ BC RCKNM BMQ RCQRCQ  OSC RCQRCQ ASPRMQ QCH?K NPCACBGBMQ BC SK ?OSCAGKCLRM ?BCOS?BM C OSC ?Q
    EP?BS?CQB?CQRCGP?LŽMCVACB?K
    CQAMJF?BMKMBMBCCVCPA”AGMCBMNPMRMAMJMBMRCQRC QCH?N?P?BCRCPKGL?ŽMBC,5+<9(5*,A?PBGMT?QASJ?PQS@KŠVGK?
    MSKŠVGK? NMBCT?PG?PBCNCLBCLBMBMQM@HCRGTMQNPGLAGN?GQBMRCQRC CQAMJF?BMKMBMBCCVCPA”AGMCBMNPMRMAMJMBM
    RCQRCNPCAGQ?QCPDCGR?AMK@?QCL?NMNSJ?ŽMOSCCQRŠQCLBMRCQR?B?N?AGCLRCQA?PB”?​AMQ ?RJCR?Q LMM@HCRGTMNPGLAGN?J
    5.KŠV BG?EL™QRGAMBCBMCL​?A?PBGMT?QASJ?P LMCOSGN?KCLRMCL?COSGNCBCRCQRCBGQNML”TCGQ-?QNP™VGK?QQCQQCQ MQ
    NPMRMAMJMQ R”NGAMQ N?P? ? MQ RCQRCQ AMK @GAGAJCR? CPEMKRPGA? C AMK CQRCGP?  MQ  RGNMQ K?GQ AMKSLQ BC RCQRCQ  QCPŽM
    BGQASRGBMQ

    4161&1.15&1/(56(,4$
    ,SGRMQNPMRMAMJMQAMKCQRCGP?DMP?KBCQCLTMJTGBMQN?P?TŠPG?QNMNSJ?CQ.QNPMRMAMJMQAMKCQRCGP??SKCLR?K?A?PE?
    BC RP?@?JFM NCJM ?SKCLRM B? TCJMAGB?BC  B? R?V? MS NMP SK? AMK@GL?ŽM BCQQCQ  D?RMPCQ %GESP?   .Q RCQRCQ BC
    AMPPGB?EP?BS?B?DMPLCACKMQK?GMPCQ5.KŠV QCESGBMQNCJMQRCQRCQAMKEP?BS?ŽMBCC CKQCESGB? NCJMQRCQRCQBC
    A?KGLF?B?#SP?LRCMQRCQRCQBCAMPPGB?CKCQRCGP? NMBCQCPBGD”AGJM@RCPKCBGB?QTŠJGB?QB?NPCQQŽM?PRCPG?JC?SKCLR?K
    MQ ?PRCD?RMQ LM $"& $QQCQ D?RMPCQ JGKGR?K MQ RCQRCQ BC AMPPGB? N?P? ?JESLQ NPMACBGKCLRMQ BG?EL™QRGAMQ -ŽM BCTC QCP
    NCPKGRGBM?NMG?P?QKŽMQLMQ?NMGMQB?CQRCGP? ?KCLMQOSCQCH?LCACQQŠPGMN?P?K?LRCPMCOSGJ”@PGM HŠOSCGQQMBGKGLSG
    QGELG¤A?RGT?KCLRCMCQRPCQQC¤QGMJ™EGAM MOSCGLBGA?BMNMPBGKGLSGŽMQGELG¤A?RGT?B?DPCOSØLAG?A?PB”?A?+
    86DA0  &A>C>2>;>B?0A04BC48A0A>;0=C40D<4=C0<020A6034CA010;7>B490?4;>0D<4=C>30E4;>283034
    >D 30 8=2;8=0sr> 30 4BC48A0 , ;OG?HNI >; =;LA; >? NL;<;FBI ? ; P?FI=C>;>? >?MM? ;OG?HNI >?J?H>?G >I
    JLIJ•MCNI>IN?MN?

    .RCQRCBC!?JICSKRCQRCBC3$/BCA?KGLF?B?J?PE?KCLRCSRGJGX?BM3?@CJ? CQNCAG?JKCLRCCKAML¤ESP?CQ
    AJ”LGA?Q CK OSC MQ N?AGCLRCQ R‘K NCOSCL?Q A?N?AGB?BCQ A?PBGMT?QASJ?P C DSLAGML?J 2S? NMNSJ?PGB?BC CK AML¤ESP?CQ
    AJ”LGA?QQCBCTC?QS?A?PE?BCRP?@?JFMGLGAG?J@?GV?C?MQ?SKCLRMQEP?​BS?GQL?A?PE?BCRP?@?JFM TCJMAGB?BCBC 
    IK\FZC?T?PG?ŽMGLGAG?JBC TCJMAGB?BCK?LRGB?AMLQR?LRC K?Q?GLAJGL?ŽM?SKCLR?B?CK?N™QMM
    KGLCCK?A?B?KGL?ROSCSK?GLAJGL?ŽMBCQCH??JA?L?B?#?JGCKBG?LRC ?GLAJGL?ŽMK?LRGB??
    AMK ? TCJMAGB?BC ?SKCLR?LBM CK   IK \ FZ ? A?B? CQRŠEGM $QQC NPMRMAMJM DMPLCAC T?JMPCQ TŠJGBMQ BC 5. KŠV N?P?
    NCQQM?QOSCR‘KMQGQRCK?A?PBGMT?QASJ?PKCLMQQ?SBŠTCJ K?QN?P??OSCJCQAMKKCJFMPQ?ž​BCA?PBGMT?QASJ?P ?BSP?ŽM
    BMRCQRCQCRMPL?KSGRMJMLE? JESLQN?AGCLRCQR?K@KQCOSCGV?KBCBCQAMLDMPRM​KSQASJ?PJMA?J CQNCAG?JKCLRCLMQ​
    KžQASJMQB?JMK@?PGLDCPGMPCB?N?LRSPPGJF? MOSCNMBCJGKGR?PQS?A?N?AGB?BCBC?JA?L?PSK5.KŠVTCPB?BCGPM

    '-.18-
    #>;@;/;8;01-871191?@15>-9;@;>5E-0-

    ,4;>283034<8;70BM ,4;>283034:<M7L
    BCo68> 7L   =2;8=0sr> DA0sr><8=

          
          
    ?     SKCLRMBCKGL ?A?B?BC
    GLAJGL?ŽM
          
    MSK?GMP SKCLRMBC ?A?B? SKCLRMBC ?  ?A?B??SKCLRMBC
    CQRŠEGM A?B?CQRŠEGM TCJMAGB?BC

    .SRPM3$/ MNPMRMAMJMBC!PSAC R?JTCXQCH?MNPMRMAMJMBCRCQRCBCCQRCGP?K?GQ?KNJ?KCLRCSRGJGX?BM3?@CJ? 


    -CQQCNPMRMAMJM R?LRM?TCJMAGB?BCOS?LRM?GLAJGL?ŽMT?PG?K?A?B?KGLCQRŠEGMQ? (QQMQCRP?LQDMPK?CKSK
    ?SKCLRM PCJ?RGT?KCLRC EP?LBC C PŠNGBM B? A?PE? BC RP?@?JFM  PCQSJR?LBM CK D?BGE? TMJSLRŠPG? CK SK NCP”M​BM ASPRM BC
    RCKNM.?SKCLRMPCJ?RGT?KCLRCEP?LBCCPŠNGBMB?A?PE?BCRP?@?JFMGLGAG?JD?XAMKOSCCQQCRCQRCQCH?GL?NPMNPG?BMN?P?
    ?OSCJCQOSCR‘KMQGQRCK?A?PBGMT?QASJ?PKCLMQQ?SBŠTCJ AMKM?OSCJCQOSCQMDPCKBCBMCL​?QAPšLGA?Q/?P?RMPL?PCQQC
    RCQRCK?GQ?NPMNPG?BMN?P??OSCJCQOSCQŽMKCLMQQ?SBŠTCGQ CJCDMGKMBG¤A?BMNCJ??BGŽMBCA?PE?QBCRP?@?JFMGLGAG?GQ
    KCLMPCQCQRŠEGMQC   K@?Q?QTCPQCQBMNPMRMAMJMBC!PSACQŽM?NPMNPG?B?QN?P?NCQQM?QLMPK?GQ Q?SBŠTCGQMS
    KMBCP?B?KCLRCQ?SBŠTCGQ
    ,SGRMQ NPMRMAMJMQ CK CQRCGP? KMRMPGX?B? DMP?K BCQCLTMJTGBMQ C LŽM FŠ BžTGB? BC OSC K?GQ QCPŽM BCQCLTMJTGBMQ LM
    DSRSPMN?P?NMNSJ?CQCM@HCRGTMQCQNCA”¤AMQ A?PE?BCRP?@?JFMGLGAG?J ?CJCT?ŽMB?A?PE?BCRP?@?JFMCQCM?SKCLRM
    B?A?PE?BCRP?@?JFM?JA?L?BMNCJM?SKCLRMB?TCJMAGB?BCMSB?GLAJGL?ŽMBCNCLBCKB?NMNSJ?ŽM?QCPRCQR?B?CBM
    M@HCRGTMBMRCQRC4KNPMRMAMJMAMKCQRCGP?AMKSKCLRCSRGJGX?BMN?P?CQR?@CJCACPMAMLQSKMKŠVGKMBCMVGE‘LGMCKGL​
    BG​T”​BSMQQ?SBŠTCGQ?NPCQCLR?BML?3?@CJ?

    '-.18-
     #>;@;/;8;011?@15>-01>A/1

    ,4;>283034<8;70BM ,4;>283034:<M7L
    BCo68> 7L   =2;8=0sr> DA0sr><8=

          
           
          
          
          
          
          
          
          

    '-.18-
    
    #>;@;/;8;01@1?@1191?@15>-9;@;>5E-0-<->--01@1>95:-ed;0;)J" 9bD19
    -0A8@;?6;B1:??-A0bB15?

    ,4;>283034
    ,4;>283034 ,4;>283034 2>AA43>A0B
    ,4;>283034 2>AA43>A4B <D;74A4B <D;74A4B
    *4<?><8= =2;8=0sr> 7><4=B:< 7 7><4=B:< 7 :< 7 :< 7

    ?         
    ?         
    ?         
    ?         
    ?         
    ?         
    ?         

    4161&1.15&1/&,&.1(4*f/(641
    .5.KŠVECP?JKCLRC?KCLMPLMAGAJMCPEšKCRPMQCAMKN?P?BMAMK?AMPPGB?CKCQRCGP?KMRMPGX?B?/MPK
    ? CQNCAG¤AGB?BC BM RCQRC N?P? AGAJGQR?Q C RPG?RJCR?Q NMBC QCP GKNMPR?LRC QC M M@HCRGTM BM RCQRC DMP KMLGRMP?P ? @M? DMPK?
    CQNCA”¤A? CK PCJ?ŽM ?M CQNMPRC MS ?HSB?P LM BCQCLFM BM NPMEP?K? BC RPCGL?KCLRM %GESP?   . AGAJMCPEšKCRPM
    R?K@K  K?GQ ?NPMNPG?BM N?P? ?OSCJCQ AMK GLQR?@GJGB?BC NMQRSP?J MS MSRP?Q AMLRP?GLBGA?CQ ?M CVCPA”AGM L? CQRCGP?
    AMKMNPM@JCK?QBC?PRPGRCL?QNCPL?Q JKBGQQM MAGAJMCPEšKCRPMR?K@KMDCPCAC?JESK?QT?LR?ECLQCKPCJ?ŽM?MQ
    NPMRMAMJMQ AMK CQRCGP?  AMKM ? A?N?AGB?BC BC KMLGRMP?P D?AGJKCLRC ? NPCQQŽM ?PRCPG?J  KCLMQ ?PRCD?RMQ LM $"& C
    NCOSCLMQ?SKCLRMQL?A?PE?BCRP?@?JFM

    86DA0  %282;>4A6|<4CA>A4BD;C064A0;<4=C44<E0;>A4B34,M% <oG<4=>A4B3>@D4>B4G4A2w28>B4<


    4BC48A0 <>C>A8H030 -ILŒG
     ?F? I@?L?=? GOCN;M P;HN;A?HM M? =IGJ;L;>I ;I ?R?L==CI ?G ?MN?CL;
     =IGI I N?MN?
    ?MJ?=V=I J;L; ;NF?N;M >? =C=FCMGI ? J?KO?HIM ;OG?HNIM >; =;LA; >? NL;<;FBI
     <?G =IGI ?F? ΠG;CM ;JLIJLC;>I
    J;L;J?MMI;M=IGCHMN;<CFC>;>?JIMNOL;F

    #SP?LRCMCVCPA”AGML?CQRCGP? ?NCQQM?BCTCPA?PPCE?PQS?K?QQ?AMPNMP?JBCQQ?K?LCGP? ?K?QQ?AMPNMP?J?DCR??A?PE?


    BC RP?@?JFM $LRPCR?LRM  L? @GAGAJCR? CPEMKRPGA?  ? A?PE? BC RP?@?JFM BCNCLBC B? PCQGQR‘LAG? C B?Q PNK BM NCB?J  C
    GLBCNCLBCB?K?QQ?AMPNMP?JB?NCQQM?/MPCVCKNJM QC?A?PE?BCRP?@?JFMPCOSCP5.BCKlBC.NMPKGLSRM
    GQQMPCNPCQCLR?SK5.KŠVBCKl\IEZ\KGLZN?P?SK?NCQQM?BCIE K?Q?NCL?Q Kl\IEZ\KGLZN?P?SK?
    NCQQM? BC  IE  A?PE? BC RP?@?JFM BSP?LRC ? CPEMKCRPG? NMBC QCP ?SKCLR?B? AMK NCOSCLMQ GLAPCKCLRMQ  K?Q M
    GLAPCKCLRML?A?PE?BCRP?@?JFMNMBCQCPEP?LBCN?P?SK?NCQQM?LŽMRPCGL?B?MSLŽM?NR?CKPCJ?ŽM?SK?NCQQM?K?GQ
    NCQ?B?MS?NR?2C?A?PE?BCRP?@?JFM?SKCLR?QQCCK6IE\K\KGLZ GQQMPCOSCPCPG?SK?KSB?L?BM5.BC
    Kl\KGLZ0S?LRMKCJFMPMAMLBGAGML?KCLRMA?PBGMT?QASJ?PBCSK?NCQQM? KCLMPCQQCPŽMMQ?HSQRCQA?PBGMT?QASJ?PCQ
    LCACQQŠPGMQN?P??AMKMB?PM?SKCLRML?A?PE?BCRP?@?JFM MAMLRPŠPGM OS?LRMK?GQGL?NR?DMP?NCQQM? K?GMPCQQCPŽM
    MQ?HSQRCQA?PBGMT?QASJ?PCQLCACQQŠPGMQN?P??AMKMB?PM?SKCLRMB?A?PE?BCRP?@?JFM
    #SP?LRC M RCQRC AMK AGAJMCPEšKCRPM CK LŽM ?RJCR?Q  ? R?V? BC NCB?J?B?  LMPK?JKCLRC BC  ?  PNK C ? A?PE? BC
    RP?@?JFM?SKCLR?B?CKGLAPCKCLRMQBC6IE\K\KGLZ ?A?B?MSKGL/?P??RJCR?Q MPNKRGNGA?KCLRC
    K?GMP?PNK CMQGLAPCKCLRMQL?A?PE?BCRP?@?JFMNMBCKQCPK?GMPCQ2CMRCQRCDMPPC?​JG​X?BMSRGJGX?LBMSK
    AGAJMCPEšKCRPM KCA‹LGAM  ?Q PNK BCTCK QCP K?LRGB?Q AMLQR?LRCQ $LRPCR?LRM  QC  SRGJGX?BM SK AGAJMCPEšKCRPM AMK
    DPCL?ECK CJCRPšLGA?  ?Q PNK NMBCK T?PG?P CK SK? A?PE? BC RP?@?JFM N?P​RGASJ?P AMLDMPKC M AGAJMCPEšKCRPM ?HSQR? ?
    PCQGQR‘LAG?N?P?K?LRCP?A?PE?BCRP?@?JFMAMLQR?LRC$PEMKCRPG?AMKKCK@PMQSNCPGMPNMBCQCPPC?​JG​X?B?NMP?OSCJCQ
    OSC LŽM NMBCK PC?​JG​X?P M CVCPA”AGM AMK MQ KCK@PMQ GLDCPGMPCQ  AMKM CK NCQQM?Q N?P?NJEGA?Q #SP?LRC MQ RCQRCQ
    CPEMKRPGAMQ AMK MQ KCK@PMQ QSNCPGMPCQ  M 5. KŠV  ECP?JKCLRC  ?  KCLMP BM OSC LM CVCPA”AGM AMK CQRCGP?
    KMRMPGX?B? C?QA?PE?QBCRP?@?JFMQŽM?SKCLR?B?QCKGLAPCKCLRMQKCLMPCQ 6 IE\K\KGLZ NMPA?SQ?B?
    KCLMP K?QQ? ​KSQASJ?P CLTMJTGB? AMK ? CPEMKCRPG? BC KCK@PMQ QSNCPGMPCQ  AMKN?P?B? ?M CVCPA”AGM AMK MQ KCK@PMQ
    GLDCPGMPCQ
    .AGAJMCPEšKCRPMR?K@KNMBCQCPSRGJGX?BMN?P?BCRCPKGL?P?QPCQNMQR?QA?PBGMT?QASJ?PCQKŠVGK?CQS@KŠVGK? ?JK
    BC MSRP?Q PCQNMQR?Q #? KCQK? K?LCGP? OSC LMQ NPMRMAMJMQ AMK CQRCGP? KMRMPGX?B?  MQ NPMRMAMJMQ AMK AGAJMCPEšKCRPM
    NMBCKQCPBCQCLTMJTGBMQN?P?Q?RGQD?XCP?QLCACQQGB?BCQBCRCQRCBCTŠPG?QNMNSJ?CQ.AGAJMCPEšKCRPMMDCPCAC?JESK?Q
    T?LR?ECLQNCV QCESP?L?K?GMP NCOSCLMQGLAPCKCLRMQL?A?PE?BCRP?@?JFM CKPCJ?ŽM?MCVCPA”AGMAMKCQRCGP?OSC
    RMPL?KMAGAJMCPEšKCRPMSKKMBMBCRCQRCKCJFMPN?P??JESK?QNMNSJ?CQ 3?@CJ?BCQAPCTCMQNPMRMAMJMQOSC
    SRGJGX?K M AGAJMCPEšKCRPM N?P? BCRCPKGL?P M AMLQSKM KŠVGKM BC MVGE‘LGM R?LRM CK NCQQM?Q Q?SBŠTCGQ LŽM RPCGL?B?Q
    OS?LRMCKNCQQM?QRPCGL?B?Q

    '-.18-
     #>;@;/;8;01@1?@1/;9/5/8;1>3l91@>;<->-01@1>95:-ed;01)J" 9bD19-0A8@;?
    6;B1:??-A0bB15?

    4A0sr>34?>Cu=280=r>CA48=03> 4A0sr>34?>Cu=280CA48=03>
    *4<?><8= :?< - :?< -

    ?    


    ?    
    ?    
    ?    
    ?    
    ?    
    ?    

    -2=@C6DE{A:4@D564@?DF>@>sI:>@56@I:8y?:@
    .AMLQSKMKŠVGKMBCMVGE‘LGMECP?JKCLRCCVNPCQQMCKPCJ?ŽMK?QQ?AMPNMP?JB?NCQQM?Kl\IEZ\KGLZ .5.
    KŠVCKPCJ?ŽMK?QQ?AMPNMP?JGKNMPR?LRCN?P?MBCQCKNCLFMB?K?GMPG?BMQ?RJCR?QNMPOSCCJCQBCTCKA?PPCE?PQS?Q
    K?QQ?Q AMPNMP?GQ BSP?LRC AMKNCRGCQ C RPCGL?KCLRMQ $K PCJ?ŽM  K?QQ? AMPNMP?J  ?RJCR?Q BC ,5+<9(5*, BC L”TCJ
    GLRCPL?AGML?JR‘KMQK?GMPCQT?JMPCQBC5.KŠV RJCR?QFMKCLQCKSJFCPCQBCL”TCJGLRCPL?AGML?J AMKMAMPPCBMPCQBC
    K?P?RML?BCCJGRCCCQOSG?BMPCQBCDSLBM R‘KT?JMPCQBC5.KŠVRŽM?JRMQOS?LRM?NPMVGK?B?KCLRCCKl\IEZ\
    KGLZ PCQNCARGT?KCLRC JESLQ?RJCR?QBC,5+<9(5*,BCCJGRCK?QASJG​LMQ?JA?L?KT?JMPCQRŽM?JRMQOS?LRM?Kl\IEZ
    \ KGLZ .Q T?JMPCQ LMPK?RGTMQ BC 5. KŠV N?P? FMKCLQ C KSJFCPCQ AMK GB?BC T?PG?LBM CLRPC  C  ?LMQ CQRŽM
    ?NPCQCLR?BMQL?3?@CJ?vGKNMPR?LRCK?LRCPM5.KŠVK”LGKMNMPOSCSKT?JMPBC5.KŠV?@?GVMBMMNCPACLRGJ
    CQRŠ?QQMAG?BM?SKCQRGJMBCTGB?QCBCLRŠPGMC?SKPGQAM?SKCLR?BMBCKMPRCNMPRMB?Q?QA?SQ?Q.5.KŠV QCH?M@RGBM
    NMPSKRCQRCBCJ?@MP?R™PGMMSNMPSKRCQRCBCA?KNMMQRCQRCQBCA?KNMQCPŽMBGQASRGBMQL?QNP™VGK?QQCCQ NMBCQCP
    AMKN?P?BMAMKMQT?JMPCQLMPK?RGTMQ?NPCQCLR?BMQL?3?@CJ?

    '-.18-
     )-8;>1?01<1>/1:@58<->--<;@g:/5--1>k.5-9bD59-

    ,% <oG<lM:6L M<8=L ?>A508G04CoA800=>B

    &4A24=C8;
    0 
    0  
    0 
    0 
    

    'MKCLQ
              
              
              
              
              
              
              
              
              
    ,SJFCPCQ
              
              
              
              
              
              
              
              
              

    1CGKNPCQQMAMKNCPKGQQŽMB? KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE?LB


    /PCQAPGNRGMLRFCB/FGJ?BCJNFG? / +GNNGLAMRR6GJJG?KQ6GJIGLQ

    $65:52527C6​BFy?4:242C5{2​42
    DPC​OS‘LAG?A?PB”?​A?SRGJGX?B?CVRCLQGT?KCLRCAMKMSKGLBGA?BMPB?GLRCLQGB?BCBMCVCPA”AGM?CP™@GMCR?K@KžRGJ
    N?P??DMPKSJ?ŽMB?NPCQAPGŽMBMCVCPA”AGM?CP™@GMTCP"?N”RSJM $J?SQ?B?CVRCLQGT?KCLRCNMPOSCLŽMGLT?QGT?C
    AMLTCLGCLRC CQNCAG?JKCLRCNMPA?SQ?B?BGQNMLG@GJGB?BCBCKMLGRMPCQBCDPC​OS‘LAG?A?PB”?​A?AML¤Š qCGQCNPCAGQMQ DPC
    *
    OS‘LAG?A?PB”?​A?žRGJBCSK?NCPQNCARGT?¤QGMJ™EGA?AMKMSKGLBGA?BMPB?GLRCLQGB?BCBMCVCPA”AGM?CP™@GMCB??NRGBŽM
    A?PBGMT?QASJ?PC?CP™@G?NMPA?SQ?BCTŠPG?QPCJ?CQ

    "MKMAMLBGAGML?KCLRM?CP™@GM?SKCLR?BM ?DPC​OS‘LAG?A?PB”?​A?BCPCNMSQMC?DPC​OS‘LAG?A?PB”?​A?CKA?PE?QBC
    RP?@?JFM?@QMJSR?QQS@KŠVGK?QBGKGLSCK
    DPC​OS‘LAG?A?PB”?​A?RCKSK?PCJ?ŽMECP?JJGLC?PAMKM5.
     DPC​OS‘LAG? A?PB”?​A? RCK SK? PCJ?ŽM ECP?J JGLC?P AMK ? ECP?ŽM BC NMR‘LAG? KCA‹LGA?  ? A?PE? BC RP?@?JFM C ?
    GLRCLQGB?BCBMCVCPA”AGM

    .RPCGL?KCLRM?CP™@GM?JMLEMNP?XMC CK?JESKEP?S MCVCPA”AGMBCPCQGQR‘LAG?PCQSJR?KCKBGKGLSGŽMB?DPC​OS‘LAG?


    A?PB”?​A?BCPCNMSQMTCP"?N”RSJM  DPC​OS‘LAG?A?PB”?​A?BCPCNMSQM@?GV?MS?BGKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?BC
    PCNMSQM NMP A?SQ? BM CVCPA”AGM ECP?JKCLRC QŽM ?ACGR?Q AMKM SK GLBGA?BMP BM ?SKCLRM BM AMLBGAGML?KCLRM ?CP™@GM
    BGKGLSGŽM B? DPC​OS‘LAG? A?PB”?​A? BC PCNMSQM AMK ? K?LSRCLŽM BM B@GRM A?PB”?​AM  NMQQ”TCJ ?NCL?Q QC M TMJSKC BC
    CHCŽM?SKCLR?PTCP"?N”RSJM NMPOSCB@GRMA?PB”?​AMDPC​OS‘LAG?A?PB”?​A?TMJSKCBCCHCŽM QQGK KCQKMOSC?
    DPC​OS‘LAG?A?PB”?​A?BGKGLS? MB@GRMA?PB”?​AMK?LRGBMNMPA?SQ?BCSK?SKCLRMBMTMJSKCBCCHCŽM(QQMK?LRKM
    ?NMPRC Q?LES”​LCM  ? MDCPR? BC MVGE‘LGM C BC LSRPGCLRCQ C ? PCKMŽM BC BCPGT?BMQ KCR?@™JGAMQ BMQ RCAGBMQ  ?NCQ?P B?
    BGKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?.QT?JMPCQBCDPC​OS‘LAG?A?PB”?​A?BCPCNMSQMR?LRMCKFMKCLQOS?LRMCKKSJFCPCQ
    R‘KSK?EP?LBCT?PG?ŽM3?@CJ? AMKMQKCLMPCQT?JMPCQBC@NKKMQRP?BMQA?P?ARCPGQRGA?KCLRCNMP?RJCR?QBC
    ,5+<9(5*, BC AJ?QQC GLRCPL?AGML?J  AMKM K?P?RMLGQR?Q C AGAJGQR?Q BC CQRP?B? 0S?LRM K?GMP M AMLBGAGML?KCLRM
    A?PBGMT?QASJ?P MS ?CP™@GM  KCLMP QCPŠ QS? DPC​OS‘LAG? A?PB”?​A? BC PCNMSQM CK OS?JOSCP A?PE? BC RP?@?JFM QS@KŠVGK?
    ?@QMJSR?CQRGNSJ?B?KCQK?ECP?ŽMBCNMR‘LAG? #CQQ?K?LCGP? SK?NCQQM?AMKKCJFMP?NRGBŽM?CP™@G?RCPŠSK?DPC​
    OS‘LAG?A?PB”?​A?KCLMPBMOSCSK?NCQQM?KCLMQ?NR?L?KCQK?A?PE?BCRP?@?JFM?@QMJSR?QS@KŠVGK? CMRPCGL?KCLRM
    ?CP™@GMPCQSJR?PŠCKBGKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?CKOS?JOSCPA?PE?BCRP?@?JFM?@QMJSR?QS@KŠVGK?
    '-.18-
     )-8;>1?:;>9-5?012>1​=Ag:/5-/->0h-​/-01>1<;A?;

    A4​@Du=28020A3w0​2034A4?>DB>1?<
    ;0BB8J20sr> ><4=B #D;74A4B

    !?GVM ? ?


    ,MBCP?B?KCLRC@?GVM ? ?
    @?GVMB?KBG? ? ?
    ,BGM ? ?
    ,?GMPBMOSC?KBG? ? ?
    ,MBCP?B?KCLRC?JRM ? ?
    JRM ? ?

    @NK @?RGKCLRMQNMPKGLSRM
    #?BMQBC&MJBGLE+8," %GRLCQQ3CQRGLE?LB QQCQQKCLR,?LS?J"F?KN?GEL (+'SK?L*GLCRGAQ/S@JGQFCPQ
    PCJ?ŽMJGLC?PB?DPC​OS‘LAG?A?PB”?​A?AMKM5. ?ECP?ŽMBCNMR‘LAG?KCA‹LGA? ?A?PE?BCRP?@?JFMC?GLRCLQGB?BC
    BM CVCPA”AGM BGXCK OSC ? DPC​OS‘LAG? A?PB”?​A? ?SKCLR?PŠ CK PCQNMQR? ? CJCT?CQ BCQQ?Q T?​PGŠ​TCGQ $LRPCR?LRM  CVGQRCK
    KSGRMQD?RMPCQ?QCPCKAMLQGBCP?BMQQM@PCCQQ?QPCJ?CQ$K@MP??DPC​OS‘LAG?A?PB”?​A??NPCQCLRCSK?PCJ?ŽMECP?JKCLRC
    JGLC?PAMKM5.C?GLRCLQGB?BCBMCVCPA”AGM ?DPC​OS‘LAG?A?PB”?​A?LŽM?SKCLR?BCKMBMNCPDCGR?KCLRCJGLC?PAMLDMPKC
    ?GLRCLQGB?BCBMCVCPA”AGM?SKCLR? DPC​OS‘LAG?A?PB”?​A??RGLECSKNJ?RšAMLDMPKCCJ?QC?NPMVGK?BCQCST?JMPKŠVGKM
    CECP?JKCLRC?NPCQCLR??PCJ?ŽMK?GQNPCTGQ”TCJCAMLQGQRCLRCAMK?GLRCLQGB?BCBMCVCPA”AGMCAMKM5.CLRPCC
    CCLRPCCBMQT?JMPCQKŠVGKMQ/MPCVCKNJM BSP?LRCSKRCQRCEP?BS?BMCV?SQRGTMCKCQRCGP?KMRMPGX?B? ?DPC​
    OS‘LAG?A?PB”?​A??NPCQCLR?SKNJ?RšAMLDMPKCQC?NPMVGK?B?A?PE?BCRP?@?JFMKŠVGK? PCJ?ŽMBCDPC​OS‘LAG?A?PB”?​A?
    N?P??ECP?ŽMBCNMR‘LAG?JGLC?P?NCL?QCLRPCC@NKMSCLRPCCB?ECP?ŽMBCNMR‘LAG?KŠVGK?%GESP?
     

    86DA0    5A4​@Du=280 20A3w0​20 C4< D<0 A4;0sr> ;8=40A 2>< 0 64A0sr> 34 ?>Cu=280 0?4=0B 4=CA4
    0?A>G8<030<4=C4  4 
     1?< >D 0?A>G8<030<4=C4 4=CA4 
     4 
     30 64A0sr> <oG8<0 34 ?>Cu=280
    3DA0=C4>4G4A2w28>4<282;>4A6|<4CA>MMCG
    ;@L?​KOH=C;=;L>;​=;L?JL?M?HN;G?FBIL;=;LA;>?NL;<;FBIIO;
    CHN?HMC>;>?>I?R?L==CI;?L•<CIH?MM;@;CR;

    JESK?Q NCQQM?Q  AMKM MQ N?AGCLRCQ A?PBGMN?R?Q  N?P? OSCK QŽM NPCQAPGRMQ @CR?@JMOSC?BMPCQ ? ¤K BC RP?R?P ?
    FGNCPRCLQŽM C BGKGLSGP M AMLQSKM BC MVGE‘LGM NCJM KGMAŠPBGM  BCKMLQRP?PŽM SK? PCJ?ŽM ?LMPK?J CLRPC DPC​OS‘LAG?
    A?PB”?​A?CRP?@?JFM?CP™@GMMSGLRCLQGB?BC.Q@CR?@JMOSC?BMPCQPCQSJR?KCKBGKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?CKB?B?
    A?PE?BCRP?@?JFMQS@KŠVGK?BC? BCNCLBCLBMB?BMQC OS?LBMAMKN?P?BMAMKMLMPK?J CBGKGLSGŽMB?DPC​
    OS‘LAG? A?PB”?​A? KŠVGK? $QQC D?RMP BCTC QCP AMLQGBCP?BM QM@PC CQQCQ GL​BG​T”​BSMQ OS?LBM QC GLRCPNPCR? ? PCJ?ŽM CLRPC
    GLRCLQGB?BCBCCVCPA”AGMCDPC​OS‘LAG?A?PB”?​A?COS?LBMQCNPCQAPCTCSKCVCPA”AGM?CP™@GM
    DPC​OS‘LAG?A?PB”?​A? CK@MP?QCH?SK@MKGLBGA?BMPB?GLRCLQGB?BCBMCVCPA”AGM?CP™@GM LŽMSK@MKGLBGA?BMPB?
    GLRCLQGB?BC BM RPCGL?KCLRM BC CVCPA”AGMQ BC PCQGQR‘LAG?  GLRCLQGB?BC BM RPCGL?KCLRM BC CVCPA”AGMQ BC PCQGQR‘LAG? 
    GLBGA?B?KSGR?QTCXCQAMKM?NMPACLR?ECKBMNCQMKŠVGKMNMQQ”TCJN?P?SK?PCNCRGŽM MS1,TCP"?N”RSJM 2C?
    1,N?P?SKCVCPA”AGMJCT?LR?B? GQQMPCQSJR?PŠCKKCLMPDPC​OS‘LAG?A?PB”?​A?AMKN?P?B?AMKMJCT?LR?KCLRMBC?
    BC1,?R?61<813?>3m>DB931 MS?PC?​JG​X?ŽMBCSKCVCPA”AGM?ROSCQCH?GKNMQQ”TCJAMKNJCR?P?PCNCRGŽM M
    OSCMAMPPCLMPK?JKCLRCL?D?QCAMLA‘LRPGA?MSBCJCT?LR?KCLRMB?PCNCRGŽM/MPCVCKNJM CKSK?NCQQM?LŽMRPCGL?B?
    MNGAMBCDPC​OS‘LAG?A?PB”?​A?LM¤L?JBCSK?QPGC?R?D?JF?AMLA‘LRPGA?AMKPCQGQR‘LAG?QKCLMPCQBMOSC1,PCQSJR?
    CKDPC​OS‘LAG?QA?PB”?​A?QK?GMPCQBMOSC1,%GESP? 
    $K PCQSKM  ? DPC​OS‘LAG? A?PB”?​A? BC PCNMSQM C ? DPC​OS‘LAG? A?PB”?​A? CK SK? A?PE? BC RP?@?JFM ?@QMJSR? QS@KŠVGK?
    NMBCKQCPSRGJGX?B?QAMKMGLBGA?BMPCQB?@M?DMPK??CP™@G? DPC​OS‘LAG?A?PB”?​A?R?K@KNMBCQCPSRGJGX?B?AMKMSK
    GLBGA?BMPB?@M?DMPK??CP™@G?NMPA?SQ?BCQS?PCJ?ŽMJGLC?PAMKM5.CAMK?GLRCLQGB?BCBMCVCPA”AGM$LRPCR?LRM ?
    DPC​OS‘LAG?A?PB”?​A?LŽMSK@MKGLBGA?BMPB?GLRCLQGB?BCBMRPCGL?KCLRMBCCVCPA”AGMQBCPCQGQR‘LAG?

    86DA0   A4;0sr> 4=CA4 5A4​@Du=280 20A3w0​20 <oG8<0 3DA0=C4 BtA84B 34 4G4A2w28> 34 4GC4=Br> 34 9>4;7>
    0Ct 0 50;70 2>=2u=CA820 34<>=BCA0 @D4 0 5A4​@Du=280 20A3w0​20 =r> t D< 1>< 8=38203>A 30 8=C4=B83034 3>
    CA48=0<4=C> 2>< ?4B>B 4G?A4BB0 2><> 0 ?>A24=C064< 34 D<0 A4?4C8sr> <oG8<0   (# !? @;NI
     ;
    @L?​KOH=C;=;L>;​=;ŒG?HILKO;H>IM?F?P;HN;>?/*=IGJ;L;>;=IGJIL=?HN;A?HMG?HIL?M>?/*
    !;>IM >? #F?=E 0'
     !?;H )  -L?PCIOM L?MCMN;H=? NL;CHCHA ?RJ?LC?H=? ;H> NB? JL?MMIL L?MJIHM? >OLCHA L?MCMN;H=?
    ?R?L=CM? 'JJF-BSMCIF   

    $65:5252AC6DDv@2CE6C:2=
    NPCQQŽM?PRCPG?J?DMP?OSC?ECAMLRP??QN?PCBCQB?Q?PRPG?QBSP?LRCQ”QRMJC CCLRPCBGŠ​QRMJC ?AMLRP?ŽMBMQTCL​
    RP”ASJMQ  NPCQQŽM ?PRCPG?J LM PCNMSQM C BSP?LRC ? ?RGTGB?BC C M CDCGRM BM RPCGL?KCLRM QM@PC ? NPCQQŽM ?PRCPG?J HŠ DMP?K
    BGQASRGB?Q TCP "?N”RSJM   +CK@PC QC BC OSC ? NPCQQŽM ?PRCPG?J BC PCNMSQM ?AGK? BM LMPK?J  AF?K?B? BC /07,9;,5:b6
    !MVCN?P?K?GQGLDMPK?CQ?PCQNCGRMB?FGNCPRCLQŽM OSCMRPCGL?KCLRMD”QGAMPCBSX?NPCQQŽM?PRCPG?JBCPCNMSQM
    COSC BSP?LRC?K@MQMQRPCGL?KCLRMQBC,5+<9(5*,CBCDMP? ?NPCQQŽM?PRCPG?J?SKCLR? AMKM?SKCLRMQCLBMK?GMP
    BSP?LRCMRPCGL?KCLRMBCPCQGQR‘LAG?

    ,4& <
    18-:<-6;c7,72)4-+7*:)6+76c7e*-61/6)
    'GNCPRCLQŽM BM H?JCAM @P?LAM QC PCDCPC ? ?NPCQCLR?P NPCQQŽM ?PRCPG?J CJCT?B? OS?LBM  ?DCPGB? CK SK AMLQSJR™PGM
    KBGAMMSCKSK?AJ”LGA?$J?APCBGR?B?ECP?JKCLRC?MLCPTMQGQKMNMPCQR?PCKSKAMLQSJR™PGMKBGAM$K@MP?
    MLCPTMQGQKMNMQQ? QGK CVNJGA?PN?PRCB??DCPGŽMBCSK?NPCQQŽM?PRCPG?JCJCT?B?CLOS?LRMQCCQRŠLMAMLQSJR™PGM
    KBGAM  ? FGNCPRCLQŽM BM H?JCAM @P?LAM LŽM  SK? AMLBGŽM @CLGEL? Q NCQQM?Q OSC ?NPCQCLR?K FGNCPRCLQŽM BM
    H?JCAM@P?LAMR‘KSKPGQAMK?GMPBCQCRMPL?PCKFGNCPRCLQ?Q N™Q?LMQ ?QNCQQM?QOSCRGTCP?KFGNCPRCLQŽMBM
    H?JCAM@P?LAMDMP?K TCXCQK?GQNPMNCLQ?Q?BCQCLTMJTCPFGNCPRCLQŽMQSQRCLR?B?NPCQQŽM?PRCPG?JCJCT?B?BSP?LRC
    M KMLGRMP?KCLRM NMP  F MS ?DCPGB? CK A?Q?  AMKN?P?B?Q AMK NCQQM?Q OSC LŽM ?NPCQCLR?P?K FGNCPRCLQŽM BM
    H?JCAM@P?LAM

    ,?LAG?& !MK@CJJG, %?AAFCRRG1,;(3+MLE RCPKPGQIMDQSQR?GLCBFWNCPRCLQGMLGLUFGRC AM?RMPK?QICBFWNCPRCLQGML


    'WNCPRCLQGMLZ

     NPCQQŽM ?PRCPG?J  KCBGB? LMPK?JKCLRC L? ?PRPG? @P?OSG?J LM ?LRC@P?M QQGK  LMPK?JKCLRC  KCBGB? ? NPCQQŽM
    ?PRCPG?JQGQR‘KGA?CLŽM?NPCQQŽM?PRCPG?JNSJKML?P OSCQS@QR?LAG?JKCLRCKCLMP BGAGML?JKCLRC ?NPCQQŽM?PRCPG?JT?PG?
    ?M JMLEM B? AGPASJ?ŽM QGQR‘KGA?  AMK ?Q K?GMPCQ NPCQQCQ L? ?MPR? C ?Q KCLMPCQ  L?Q TCG?Q  NPCQQŽM ?PRCPG?J  KCBGB?
    LMPK?JKCLRCNMP1EC3E<D1GBCLRG¤A?ŽMBMQQMLQBMQ™PEŽMQMSRCAGBMQN?P??HSB?PLMBG?EL™QRGAMB?DSLŽMLMPK?JMS
    ?LMPK?J ?SQASJR?N?P??DCPGŽMB?NPCQQŽM?PRCPG?JPC?​JG​X?B?SRGJGX?LBMSK5C{7=?=1>t=5DB? SKGLQRPSKCLRMOSC
    AMLQGQRC CK SK K?LšKCRPM C SK K?LESGRM GL¥ŠTCJ  HSLRM AMK SK CQRCRMQA™NGM %GESP?   0S?LBM M K?LESGRM 
    GL¥?BM  CJC AMKNPGKC ? ?PRPG? @P?OSG?J C MAJSG RMBM M ¥SVM BC Q?LESC . CQRCRMQA™NGM  NMQGAGML?BM QM@PC ? ?PRPG?
    @P?OSG?JBGQR?JKCLRC?M¥SVMOSCDMGMAJS” _ M"MKM¥SVMBCQ?LESCMAJS”Bj LCLFSKQMKBC¥SVMQ?LES”LCj NMBCQCP
    MSTGBM NPCQQŽMBCLRPMBMK?LESGRMCLRŽMJG@CP?B?EP?BS?JKCLRC"MLDMPKC?NPCQQŽMJG@CP?B? M¥SVMBCQ?LESC
    ?RP?TQB?​ŠPC?MAJS”​B?MAMPPCPŠ?NCL?QBSP?LRC?Q”QRMJC OS?LBM?NPCQQŽM?PRCPG?JK?GQCJCT?B?$QQC¥SVMBCQ?LESC
    GLRCPKGRCLRCRSP@SJCLRMCAPG?SKQMKBCQAPGRMLMPK?JKCLRCAMKMSK?@?RGB?DMPRC$QQCQMKAF?K?BMBCMC?=45
    !?B?D;?66CLMKC?BMCKFMKCL?ECK?MFMKCKOSCBCQCLTMJTCSCQQCKRMBMBCBCRCPKGL?ŽMB?NPCQQŽM?PRCPG?JCK
     "MLDMPKC ? NPCQQŽM CVCPAGB? NCJM K?LESGRM  ?GLB? K?GQ PCBSXGB?  M ¥SVM RSP@SJCLRM BGKGLSG  PCQSJR?LBM CK
    ?@?D?KCLRMBMQMK OSCAF?K?BMBCMQMKBC*MPMRIMDD"MLDMPKC?NPCQQŽMPCBSX?GLB?K?GQ MAMPPCSK¥SVMQS?TC
    MSJ?KGL?P BSP?LRC?Q”QRMJCC?BGŠ​QRMJC PCQSJR?LBMCKLCLFSKQMK MOSCAF?K?BMBCMQMKBC*MPMRIMDD$KSK?
    NCQQM?LMPKMRCLQ? MM MMCMMQMKBC*MPMRIMDDMAMPPCPG?KCK?NPMVGK?B?KCLRC CKK'E AMKMMC
    MMQMKBC*MPMRIMDDPCNPCQCLR?LBM?NPCQQŽMQGQR™JGA?C?BG?QR™JGA? PCQNCARGT?KCLRC
    86DA0  a <>BCA03> > 0AA0=9> Cw?82> ?0A0 34C4A<8=0A 0 ?A4BBr> 0AC4A80; ?4;> <tC>3> 0DB2D;C0C{A8>
    DC8;8H0=3> D< 4BJ6<><0=|<4CA> 0=4A>834 , G;HAOCNI JI>? M?L CHW;>I IO >?MCHW;>I ONCFCT;H>I OG; J?L; ?
    OG;P†FPOF; ,?MN?NIM=•JCIŒONCFCT;>IJ;L;;OM=OFN;LIMMIHM>?(ILINEI@@

    $VGQRCKKSGRMQRGNMQBCCQ¤EKMK?LšKCRPMQ  QQMAG?ŽM KCPGA?L?BM"MP?ŽMAMLQGBCP?MCQ¤EKMK?LšKCRPMBC


    KCPAžPGM AMKM M K?GQ NPCAGQM C TŠJGBM N?P? ?DCPGP ? NPCQQŽM Q?LESGLC? $LRPCR?LRM  M CQ¤EKMK?LšKCRPM ?LCPMGBC  M
    CQ¤EKMK?LšKCRPM AMK K?LšKCRPM C M CQ¤EKMK?LšKCRPM ?SRMKŠRGAM R?K@K QŽM SRGJGX?BMQ AMKSKCLRC 4K
    CQ¤EKMK?LšKCRPM?SRMKŠRGAMGL¥?CBCQGL¥??SRMK?RGA?KCLRCMK?LESGRM SRGJGX?LBMSKKGAPMDMLCCSKNPMEP?K?BC
    AMKNSR?BMPN?P?BCRCPKGL?PMQQMLQBC*MPMRIMDD
    JK BC KCBGP ? NPCQQŽM ?PRCPG?J LM PCNMSQM N?P? BCRCPKGL?P QC SK? NCQQM?  LMPKMRCLQ?  ? NPCQQŽM ?PRCPG?J KSGR?Q
    TCXCQ  KCBGB? BSP?LRC SK RCQRC BC CQDMPM C BSP?LRC ? PCASNC​P?ŽM BC SK RCQRC BC CQDMPM "MKM BGQASRGBM
    ?LRCPGMPKCLRC  BSP?LRC ? ?RGTGB?BC  ? NPCQQŽM ?PRCPG?J  BCRCPKGL?B? K?GQ D?AGJKCLRC CK SK RCQRC BC CQDMPM AMK
    AGAJMCPEšKCRPMBMOSCCKSKRCQRCBCCQDMPMAMKCQRCGP? PCQNMQR?LMPK?JB?NPCQQŽM?PRCPG?J?MRCQRCBCCQDMPMSK
    ?SKCLRMEP?​BS?JB?NPCQQŽM?PRCPG?JQGQR™JGA?AMKNMSA?MSLCLFSK?KSB?L?B?NPCQQŽM?PRCPG?JBG?QR™JGA?%GESP? 
     NPCQQŽM ?PRCPG?J QGQR™JGA? LM AGAJMCPEšKCRPM ?SKCLR? LMPK?JKCLRC CK  ?  KK'E N?P? A?B?  6 BC ?SKCLRM BC
    A?PE? BC RP?@?JFM 2C ? PCQNMQR? B? NPCQQŽM ?PRCPG?J QGQR™JGA?  CV?ECP?B? MS QC ? NPCQQŽM ?PRCPG?J BG?QR™JGA? ?SKCLR?
    QS@QR?LAG?JKCLRC   GLBGA?B? SK? PCQNMQR? ?LMPK?J ?M CVCPA”AGM /MP CVCKNJM  ?BSJRMQ LMPKMRCLQMQ ?JA?L?K
    LMPK?JKCLRCSK?NPCQQŽMQGQR™JGA?BC?KK'EBSP?LRCCVCPA”AGMQBMRGNM?CP™@GMMSBC,5+<9(5*,2C?NPCQQŽM
    QGQR™JGA? CVACBCP  KK'E  GQQM NMBC GLBGA?P QSQACRG@GJGB?BC  FGNCPRCLQŽM 2C ? NPCQQŽM QGQR™JGA? BGKGLSG K?GQ BC 
    KK'EAMKM?SKCLRMB?A?PE?BCRP?@?JFMMSQCCJ?A?GN?P?T?JMPCQKCLMPCQBMOSCMQM@RGBMQL?KCQK?NMQGŽM?LRCQ
    BMRCQRC MRCQRCBCTCQCPGLRCPPMKNGBM HŠOSCGQQMNMBCGLBGA?PSK?PCQNMQR?GQ​OS‘KGA?BMKGMAŠPBGM NPCQQŽM?PRCPG?J
    DPCOSCLRCKCLRCPCRMPL??MQL”TCGQNP CVCPA”AGMCLRPCCKGL?N™QM¤KBMCVCPA”AGM/MPK LŽMGLAMKSKOSC?
    NPCQQŽM ?PRCPG?J QGQR™JGA? A?G? RCKNMP?PG?KCLRC N?P? T?JMPCQ JCTCKCLRC ?@?GVM BMQ L”TCGQ NP CVCPA”AGM BSP?LRC ? PCASNC​
    P?ŽMBMCVCPA”AGM

    86DA0  a <>BCA030 0 A4B?>BC0 =>A<0; 30 ?A4BBr> 0AC4A80; 0> 282;>4A6|<4CA>  JL?MMŠI ;LN?LC;F MCMN•FC=;
    !!..%
    %!!;OG?HN;AL;>O;FG?HN?=IH@ILG?;=;LA;>?NL;<;FBI>I?R?L==CI;OG?HN;
    ?HKO;HNI;JL?MMŠI
    ;LN?LC;F>C;MN•FC=;!!11 ;OG?HN;GOCNIJIO=IIOH;>;

    .QNPMRMAMJMQBCRCQRCQBCCVCPA”AGMQC?M@RCLŽMBCKCBGB?QBCNPCQQŽM?PRCPG?JQŽMSRGJGX?BMQN?P?¤LQBG?EL™QRGAMQC
    DMP?KBCQAPGRMQCVRCLQGT?KCLRC.NPGLAGN?JM@HCRGTMCKQCKCBGP?NPCQQŽM?PRCPG?JLMPCNMSQM BSP?LRCMCVCPA”AGMC
    BSP?LRC ? PCASNC​P?ŽM BC SK CVCPA”AGM  N?P? ¤LQ BG?EL™QRGAMQ 1CQNMQR?Q ?LMPK?GQ BSP?LRC M CVCPA”AGM C BSP?LRC ?
    PCASNC​P?ŽMBMCVCPA”AGMGLBGA?KTŠPGMQRGNMQBCNPM@JCK?QA?PBGMT?QASJ?PCQ AMKM?PCQNMQR?GQ​OS‘KGA?BMKGMAŠPBGM?M
    CVCPA”AGMMS?QSQACRG@GJGB?BCFGNCPRCLQŽM

    $65:526=6EC@42C5:@8CsM42
    4K CJCRPMA?PBGMEP?K? $"&  BC  BCPGT?CQ  LMPK?JKCLRC M@RGBM CK RCQRCQ BC CQDMPM BC NCQQM?Q OSC ?NPCQCLR?K
    QGL?GQMSQGLRMK?QBCBMCL​?A?PBGMT?QASJ?PMSB?OSCJCQOSCQCQ?@COSCCQRŽMCKPGQAMK?GMPBMOSCMLMPK?JBCRCPSK?
    BMCL​? A?PB”?​A? Q MLB?Q BM $"& PCNPCQCLR?K ? AMLRP?ŽM C M PCJ?V?KCLRM B?Q A‹K?P?Q A?PB”?​A?Q JRSP?  J?PESP?
    CQN??KCLRMCDMPK?RMB?QMLB?QGLBGA?K?DSLŽMA?PB”?​A?LMPK?JMS?LMPK?JTCP"?N”RSJM 0S?LBMQCPC?​JG​X?RCQRC
    BCCQDMPMCKGL​BG​T”​BSMQQSQNCGRMQBCRCPCKPGQAMCJCT?BMBCBMCL​?A?PBGMT?QASJ?P M$"&KMLGRMP?BMNMPRMBMMRCQRC
    C ?L?JGQ?BM N?P? GLBGA?CQ BC DSLŽM A?PB”?​A? ?LMPK?J  AMKM BCNPCQQŽM BM QCEKCLRM 23  OSC GLBGA? GQOSCKG? BM
    KGMAŠPBGM%GESP? 
    $K@MP?M$"&QCH?SRGJGX?BMK?GQDPCOSCLRCKCLRCN?P?BG?ELMQRGA?PBMCL​?A?PBGMT?QASJ?P CJCR?K@KSRGJGX?BMCK
    ?JESK?Q QGRS?CQ OS?LBM QC RCQR? ?RJCR?Q Q?SBŠTCGQ /MP CVCKNJM  SK? ?B?NR?ŽM ?M RPCGL?KCLRM D”QGAM  M ?SKCLRM B?
    K?QQ? TCL​RPGAS​J?P CQOSCPB?  OSC  GLBGA?BM NCJM $"& AMKM SK ?SKCLRM L? ?JRSP?  AMK DMPK?RM LMPK?J BM AMKNJCVM
    012 PCNPCQCLR?LBM?AMLRP?ŽMTCL​RPGAS​J?P
    DPC​OS‘LAG?A?PB”?​A?CVNPCQQ?AMKMOS?LRGB?BCBC@NK K?QFŠT?PG?CQBMRCKNMCV?RMCLRPCMQ@?RGKCLRMQ(QQM
    QGELG¤A?OSC QC?DPCl S‘LAG?A?PB”?^?BC@NK LŽM?AMLRCACSK@?RGKCLRMCV?R?KCLRC?A?B?QCESLBM T?PG?ŽMLM
    GLRCPT?JMCLRPCMQ@?RGKCLRMQAF?K?B?BCF1B9129<94145416B5​AEm>39131B4o1​31 T?PG?@GJGB?BCB?DPC​OS‘LAG?A?PB”?​A?
    NMBC QCP BCRCPKGL?B? KCBGLBM QC ? BGQR‹LAG? CLRPC MQ AMKNJCVMQ 012 C NMBC QCP T?JMPMQ? N?P? ¤LQ BG?EL™QRGAMQ 
    T?PG?@GJGB?BC B? DPC​OS‘LAG? A?PB”?​A? BGKGLSG AMK ? GB?BC C ? @?GV? T?PG?@GJGB?BC B? DPC​OS‘LAG? A?PB”?​A? NMBC CQR?P
    ?QQMAG?B?KMPR?JGB?BC?SKCLR?B?CNMBCKSB?PAMKMRPCGL?KCLRM!MVC  JKBGQQM KSB?L?QB?T?PG?@GJGB?BC
    B? DPC​OS‘LAG? A?PB”?​A? NMBCK QCP žRCGQ LM BG?EL™QRGAM BM RPCGL?KCLRM CVACQQGTM #CQQ? K?LCGP?  ? T?PG?@GJGB?BC B? DPC​
    OS‘LAG?A?PB”?​A?SK?QNCARMBM$"&OSCNMBCQCPžRGJN?P?¤LQBG?EL™QRGAMQR?LRMN?P?GL_ Gq”_ SMQQCBCLRŠPGMQOS?LRM
    N?P??RJCR?Q

    !&  -, 


    $):1)*141,),-,).:-​9=f6+1)+):,h)​+)-.:-​9=f6+1)+):,h)​+),-
    :-+=8-​:)dc7
    T?PG?@GJGB?BCB?DPC​OS‘LAG?A?PB”?​A??KCBGB?B?T?PG?ŽMB?DPC​OS‘LAG?A?PB”?​A?NCJ?KCBGB?NPCAGQ?B?T?PG?ŽM
    BCRCKNMCLRPCMNGAMBMQAMKNJCVMQ012MSCLRPCMQGLRCPT?JMQ1 1CKSK$"& T?PG?@GJGB?BCB?DPC​OS‘LAG?
    A?PB”?​A?NMBCQCPPCNPCQCLR?B?AMKMSKAMKNMLCLRCRCKNMP?J NJMR?LBMMQGLRCPT?JMQ1 1KGJGQQCESLBMQ AMLRP?
    MRCKNMQCESLBMQ MSAMKMSKAMKNMLCLRCBCDPC​OS‘LAG??DPC​OS‘LAG?AMKOSC?BGQR‹LAG?CLRPCMQGLRCPT?JMQ1
    1 KSB?  JESLQ PCQSJR?BMQ GLBGA?K OSC ? T?PG?@GJGB?BC B? DPC​OS‘LAG? A?PB”?​A? ?SKCLR? AMK M RPCGL?KCLRM
    CLRPCR?LRM  GQQM LŽM DMG KMQRP?BM AMLQGQRCLRCKCLRC  T?PG?@GJGB?BC B? DPC​OS‘LAG? A?PB”?​A? R?K@K NMBC KSB?P
    AMK M RPCGL?KCLRM CVACQQGTM  D?JR? BC PCQSJR?BMQ AMLQGQRCLRCQ NMBC CQR?P PCJ?AGML?B? AMK OS?J KCBGB? B?
    T?PG?@GJGB?BCB?DPC​OS‘LAG?A?PB”?​A?CQRŠQCLBMSRGJGX?B?COS?LBM?T?PG?@GJGB?BCB?DPC​OS‘LAG?A?PB”?​A?CQRŠQCLBM
    BCRCPKGL?B? /MP CVCKNJM  R?LRM M AMKNMLCLRC RCKNMP?J OS?LRM M AMKNMLCLRC BC DPC​OS‘LAG? NMBCK QCP
    BCRCPKGL?BMQLMPCNMSQM BSP?LRCMCVCPA”AGMKŠVGKMMSQS@KŠVGKMCBSP?LRC?PCASNC​P?ŽMBCSKCVCPA”AGM
    T?PG?@GJGB?BC B? DPC​OS‘LAG? A?PB”?​A? QC KMQRP? NPMKGQQMP? AMKM SK? KCBGB? BM :;(;<: BM RPCGL?KCLRM C
    NMQQGTCJKCLRC N?P? BCRCPKGL?P MS NPCBGXCP QC SK ?RJCR? CQRŠ RPCGL?LBM CVACQQGT?KCLRC $LRPCR?LRM  ?LRCQ OSC
    ?JESK?AMLAJSQŽMQ™JGB?QCH??JA?L?B? QŽMLCACQQŠPG?QK?GQNCQOSGQ?Q
     DPC​OS‘LAG? A?PB”?​A? BC PCASNC​P?ŽM BGX PCQNCGRM ? OSŽM P?NGB?KCLRC ? DPC​OS‘LAG? A?PB”?​A? PCRMPL? N?P? MQ
    T?JMPCQBCPCNMSQM?N™QSKRSPLMBCCVCPA”AGMQ4K?SKCLRML?DPC​OS‘LAG?A?PB”?​A?BCPCASNC​P?ŽM MSMPCRMPLM
    DPC​OS‘LAG? A?PB”?​A? BC PCNMSQM CK SK NCP”M​BM BC RCKNM K?GQ ASPRM   SK? ?B?NR?ŽM ?M RPCGL?KCLRM D”QGAM
    CQNCAG?JKCLRC?MRPCGL?KCLRM?CP™@GM$KAMLRP?QRC SK?BGKGLSGŽML?DPC​OS‘LAG?A?PB”?​A?BCPCASNC​P?ŽM MSM
    PCRMPLMDPC​OS‘LAG?A?PB”?​A?BCPCNMSQMCKSKNCP”M​BMBCRCKNMK?GQJMLEM CQRŠAJ?P?KCLRC?QQMAG?B???SKCLRM
    B?KMPR?JGB?BC QQGK ?BGKGLSGŽMB?DPC​OS‘LAG?A?PB”?​A?BCPCNMSQMC?DPC​OS‘LAG?A?PB”?​A?PCBSXGB?BSP?LRCM
    CVCPA”AGMQS@KŠVGKMLŽMQŽM?QžLGA?QKSB?L?Q¤QGMJ™EGA?QNMPA?SQ?BMRPCGL?KCLRMMSB?KCJFMP?NRGBŽM

    !MPPCLQCL )  +?K@CPR ,) SRMLMKGA AMLRPMJ MD FC?PR P?RC BSPGLE ?LB ?DRCP CVCPAGQC KC?QSPCKCLRQ ?LB GKNJGA?RGMLQ DMP
    KMLGRMPGLERP?GLGLEQR?RSQ2NMPRQ,CBZ

    $65:525@6D7@Cw@A6C463:5@
    KCBGB?BMCQDMPMNCPAC@GBM,$/ SK?KCBGB?NQGAM¤QGMJ™EGA?B?GLRCLQGB?BCBMCVCPA”AGM CQA?J?BC,$/DMG
    BCQCLTMJTGB? NCJM NQGA™JMEM QSCAM &SLL?P !MPE 4K NPMDCQQMP C ¤QGMJMEGQR? BM CVCPA”AGM L? 4LGTCPQGRW MD /GRRQ@SPEF
    !PSAC -M@JC  AF?KMS ? ?RCLŽM BMQ NCQOSGQ?BMPCQ BM CVCPA”AGM LMQ $4  N?P? CJ?  CQA?J? AJŠQQGA? BC ,$/ BC  ? 
    DMPLCACSSK?CQRGK?RGT?QS@HCRGT? K?GQ?GLB??QQGKBCDŠAGJAJ?QQG¤A?ŽMBMCQDMPMD”QGAMBSP?LRCSKCVCPA”AGM CQA?J?
    AJŠQQGA? BC  ?  DMG NJ?LCH?B? N?P? PC¥CRGP ? DPCl S‘LAG? A?PB”?^? BM GL_ G
    q”_ SM OS?LBM KSJRGNJGA?B? NMP   C  ?QQGK
    AMPPCQNMLBCP?MAMLQSKMBCMVGE‘LGMBSP?LRCM3$/$K@MP??,$/QCH?SK?CQRGK?RGT?LŽM¤QGMJ™EGA?B?GLRCLQGB?BC
    BMCVCPA”AGM NCQOSGQ?QBCQAM@PGP?KOSCCJ?SK?DCPP?KCLR?AML¤ŠqCJCOSC?CQA?J?BC?QCAMPPCJ?AGML?AMKMSRPMQ
    GLBGA?BMPCQ¤QGMJ™EGAMQK?GQNPCAGQMQBMCQDMPMA?PBGMT?QASJ?PCKCR?@™JGAM AMKMTGQRML?3?@CJ?#SP?LRCMQRCQRCQ
    BCCQDMPMNPMEPCQQGTM ?Q,$/BCTCKQCPM@RGB?QBMGL​BG​T”​BSMBSP?LRCMQžJRGKMQQCESLBMQBCA?B?CQRŠEGM MSA?PE?
    BC RP?@?JFM BGAGML?JKCLRC  ? AF?TC N?P? M SQM ™RGKM B?Q CQA?J?Q BC ,$/  DMPLCACP GLQRPSCQ ?BCOS?B?Q N?P? M
    N?AGCLRCMSGL​BG​T”​BSM

    C:ExC:@DA2C2:?E6CCFAwv@5@E6DE6
    .QRCQRCQBCCQDMPMNMBCKQCPGLRCPPMKNGBMQQCH?NMPGLBGA?CQAJ”LGA?QBCSK?PCQNMQR??LMPK?JMS QCMRCQRCNCPRCLAC
    ? GL​BG​T”​BSMQ MS ?RJCR?Q ?N?PCLRCKCLRC Q?SBŠTCGQ  OS?LBM ?Q PCQNMQR?Q ¤QGMJ™EGA?Q GLBGA?K OSC DMG ?JA?L?BM M CQDMPM
    KŠVGKM0S?LBMMRCQRCBCCVCPA”AGMPC?​JG​X?BMCKSK?CQRPSRSP?J?@MP?RMPG?J CJCNMBCQCPGLRCPPMKNGBMNMPA?SQ?BC
    AMLRP?GLBGA?CQ ?M CVCPA”AGM AMLR”LSM MS NMP A?SQ? B? CV?SQRŽM TMJSLRŠPG? Q AMLRP?GLBGA?CQ ?M CVCPA”AGM GLAJSCK
    OS?JOSCPPCQNMQR??LMPK?J?MCQDMPMBMCVCPA”AGM AMKM?QQCESGLRCQ

    LEGL?MSBMPLMNCGRMGLBGA?RGT?BCGQOSCKG?KGMAŠPBGA?
    1CQNMQR??LMPK?JB?NPCQQŽM?PRCPG?JAMKMBGQASRGBM?LRCPGMPKCLRC
    1CQNMQR??LMPK?JBM$"&AMKMBGQASRGBM?LRCPGMPKCLRC
    #CQAMLDMPRM MS BMP L?Q CVRPCKGB?BCQ LMPK?JKCLRC L?Q NCPL?Q  GLBGA?LBM AJ?SBGA?ŽM GLRCPKGRCLRC BGQASRGB? LM
    "?N”RSJMCKY#MCL??PRCPG?JNCPGDPGA?^
    9C@>591 MSBG¤ASJB?BCCKPCQNGP?PMSPCQNGP?ŽMRP?@?JFMQ?
    3MLRSP?MSCo>3?@5

    '-.18-
    ?/-8-01 #1>1?<;?@-?G?5;8k35/-?-??;/5-0-?

    305A4​@Du=280 "02C0C>B0=6Dw​=4>
    B20;034#& 20A3w0​20<oG8<0 ,% <oG <<>;MlL 

    
    ,SGRM KSGRMJCTC
    
    ,SGRMJCTC
    
    1CJ?RGT?KCLRCJCTC ? ?
    
    4KNMSAMNCQ?BM ? ?
    
    /CQ?BM ? ?  
    
    ,SGRMNCQ?BM  
      
    ,SGRM KSGRMNCQ?BM
      

    1CGKNPCQQMAMKNCPKGQQŽMBC3GNRML", CBGRMP "2,Q BT?LACB$VCPAGQC/FWQGMJMEW!?JRGKMPC+GNNGLAMRR


    6GJJG?KQ6GJIGLQ

    ! 

      &#  42C5:@G2D4F=2C x BF2?E:L4252 ?@C>2=>6?E6 4@>@ 2 BF2?E:5256 >sI:>2 56 @I:8y?:@ 4@?DF>:5@ A6=2 C6DA:C2wv@
    >:E@4@?5C:2=5FC2?E6@6I6C4{4:@>sI:>@
     &# 42C5:@G2D4F=2CA@56D6CE6DE2526>2>3:6?E6D=23@C2E@C:2:D4@>@E6DE6566D7@Cw@AC@8C6DD:G@
    I:DE6>>F:E@DAC@E@4@=@DA2C225>:?:DEC2CF>E6DE6566D7@Cw@AC@8C6DD:G@DD6DAC@E@4@=@DFE:=:J2>?@C>2=>6?E6F>23:4:4=6E2
    6C8@>xEC:42@FF>26DE6:C2>@E@C:J252
    7C6​BFy?4:242C5{2​42xFE:=:J2526IE6?D:G2>6?E64@>@F>:?5:425@C52:?E6?D:52565@6I6C4{4:@26C3:@6xƒE:=A2C227@C>F=2wv@
    52AC6D4C:wv@5@6I6C4{4:@26C3:@
    AC6DDv@2CE6C:2=x>65:525FC2?E6F>E6DE6566D7@Cw@4@>@:?5:425@C52C6DA@DE242C5:@G2D4F=2C2?@C>2=
    +>56 56C:G2w‚6Dx@3E:5@86C2=>6?E6BF2?5@D6C62​=:​J2E6DE6566D7@Cw@6>A6DD@2D4@>D:?2:D@FD:?E@>2D565@6?​w2
    42C5:@G2D4F=2C@FBF6A@DD2>6DE2C6>C:D4@>2:@C5@BF6@?@C>2=A2C25@6?​w242C5:@G2D4F=2C
    %6D7@Cw@A6C463:5@#&xFE:=:J25@4@>@F>:?5:425@C5@6D7@Cw@42C5:@G2D4F=2CA@C42FD256DF2C6=2wv@4@>@FEC2DG2​C:s​G6:D
    LD:@=8:42D527C6_Fy?4:242C5{2Q2>sI:>25@4@?DF>@>sI:>@56@I:8y?:@=24E2E@D2?8F{ \6@
    > F>2 6DECFEFC2 4={?:42 @D 4C:ExC:@D A2C2 :?E6CCFAwv@ 5@ E6DE6 56 6D7@Cw@ AC@8C6DD:G@ :?5:42> C6DA@DE2 2?@C>2= 2@ 6D7@Cw@ 5@
    6I6C4{4:@ 6?BF2?E@ @D 4C:ExC:@D A2C2 :?E6CCFAwv@ 5@ E6DE6 56 :?​5:​G{​5F@D D2F5sG6:D @F 2E=6E2D 86C2=>6?E6 :?5:42> @ 2=42?46 5@
    4@?DF>@>sI:>@56@I:8y?:@

    .M@HCRGTMBCKSGRMQRCQRCQBCCQDMPMN?P?NCQQM?Q?N?PCLRCKCLRCQ?SBŠTCGQMS?RJCR?Q?BCRCPKGL?ŽMBM5. KŠV
    /?P?CQQCQRGNMQBCRCQRCQ MGLBGA?BMPNPGLAGN?JBCOSCDMG?JA?L?BMMNGAMBCAMLQSKMBCMVGE‘LGMMNJ?RšMS?NCOSCL?
    BGKGLSGŽMLMAMLQSKMBCMVGE‘LGMAMKM?SKCLRMB?A?PE?BCRP?@?JFM/MPCVCKNJM MAMPPCSK?SKCLRMBCKCLMQBC
     Kl\IEZ\KGLZLMAMLQSKMBCMVGE‘LGMCKSK?TCJMAGB?BCBCAMPPGB?BCIK\FZ(QQMGLBGA?OSCM5.KŠVDMG
    ?JA?L?BMC N?P?AML​RG​LS?P?PC?​JG​X?PMCVCPA”AGM ?CLCPEG?BCTCQCPM@RGB?BCDMLRCQ?L?CP™@G?Q,CQKMOSCCQQCAPGRPGM
    LŽM QCH? Q?RGQDCGRM  M 5. KŠV ?GLB? NMBC RCP QGBM ?JA?L?BM QC MQ APGRPGMQ QCASLBŠPGMQ DMPCK Q?RGQDCGRMQ .Q APGRPGMQ
    QCASLBŠPGMQN?P??JA?LACBM5.KŠVQŽMMQQCESGLRCQ

    "MLACLRP?ŽMBCJ?AR?RMQ?LES”​LCMBC?KKMJ\lZ
    3?V?BCRPMA?PCQNGP?R™PG?K?GMPBMOSC
    %PC​OS‘LAG?A?PB”?​A??NCJMKCLMQBMKŠVGKMNPCTGQRMTCP"?N”RSJMN?P?COS?CQBCNPCTGQŽMB?DPC​OS‘LAG?
    A?PB”?​A?
    $V?SQRŽMTMJSLRŠPG?

     NCQQM? NMBC GLRCPPMKNCP SK RCQRC BC CQDMPM R?LRM OS?LBM CQRGTCPCK NPCQCLRCQ AMLRP?GLBGA?CQ  AML​RG​LS?ŽM BM
    CVCPA”AGMOS?LRMOS?LBM?QPCQNMQR?Q¤QGMJ™EGA?QBCNCQQM?Q?N?PCLRCKCLRCQ?SBŠTCGQGLBGA?PCKOSCDMG?JA?L?BMMNGAM
    BC AMLQSKM BC MVGE‘LGM MS M CQDMPM KŠVGKM .Q APGRPGMQ SRGJGX?BMQ N?P? GLRCPPMKNCP SK RCQRC BC CQDMPM BCNCLBCK
    CLRŽMBMM@HCRGTMBMRCQRCCBMCQR?BMBCQ?ž​BCB?NCQQM?OSCCQRŠQCLBMRCQR?B? NCQ?PBMQKCJFMPCQCQDMPMQBCSK?
    NCQQM?N?P??JA?L?PM5. KŠVCQ?RGQD?XCPMQAPGRPGMQOSCGLBGA?KOSCDMG?JA?L?BMM5. KŠV ?GLB?FŠSK?NCOSCL?
    T?PG?ŽMLCQQ?BCRCPKGL?ŽM!MVC 

    ,4&  <
    =)4e7-::7,)5-,1,),7+76;=575`@157,-7@1/f617
    0S?LBMOS?JOSCPT?​PGŠ​TCJKCBGB? AMKMM5. KŠV L™Q?QQSKGKMQLMPK?JKCLRCOSCMT?JMPBCRCPKGL?BMCQRŠ
    AMPPCRM 2C M COSGN?KCLRM AMPPCRM  SRGJGX?BM C A?JG@P?BM  CQQ?  SK? QSNMQGŽM ECP?JKCLRC @M? $LRPCR?LRM  ?
    KCBGB?BCOS?JOSCPAMGQ?RCKSKCPPMGLCPCLRC.CPPML?BCRCPKGL?ŽMBM5. KŠVNMBCQCPR?LRMNMPA?SQ?BC
    CPPMRCALMJ™EGAMMSBMCOSGN?KCLRMAMKMNCJ?T?PG?ŽM@GMJ™EGA?NMPA?SQ?B?Q¥SRS?CQBGŠmG?QL?¤QGMJMEG?
    BCRCPKGL?ŽMBM5.KŠVAMKKSGRMQBG?QBCGLRCPT?JM?NPCQCLR?SK?T?PG?ŽMBC ? #CQQ?T?PG?@GJGB?BC
    DMGCQRGK?BMOSCQŽMBCL?RSPCX?@GMJ™EGA?CQŽMBCL?RSPCX?RCALMJ™EGA? QQGK ?BCRCPKGL?ŽMBC5.
    KŠVRCK?JESKCPPM/MBCQCPQSNMQRMOSCR?JT?PG?ŽM@GMJ™EGA?NMQQ?CVNJGA?PN?PAG?JKCLRCMYBG?@MK^CMYBG?
    PSGK^N?P?M?RJCR?

    *?RAF5+ 2?BW22 %PCCBQML/!GMJMEGA?JT?PG?@GJGRWGLK?VGKSK?CPM@GANMUCP,CB2AG2NMPRQ$VCPAZ


    6GQCL &, 6MJFJD?PR! CPM@GA?LBDSLARGML?JA?N?AGRWGL?EPMSNMDFC?JRFWUMKCL1CDCPCLACT?JSCQ?LBPCNC?R?@GJGRW
    "JGL/FWQGMJ%SLAR(K?EGLEZ

    BC8<0C8E030B20?0283034B344=3DA0=2420A38>E0B2D;0A

    $K?JESK?QQGRS?CQBCRCQRC AMKMOS?LBMLCACQQŠPGMRCQR?PP?NGB?KCLRCKSGR?QNCQQM?QMSOS?LBMMCOSGN?KCLRM
    J?@MP?RMPG?J N?P? KCBGP BGPCR?KCLRC ?Q A?N?AGB?BCQ BC ,5+<9(5*, LŽM CQRŠ BGQNML”TCJ  SK? CQRGK?RGT? BM 5. KŠV NMBC
    @?QR?PAMKMKCBGB?B?QA?N?AGB?BCQBC,5+<9(5*, QCQRGK?RGT?QBM5.KŠVQŽM@?​QC?​B?QLMPK?JKCLRCL?PCQNMQR?B?DPC​
    OS‘LAG?A?PB”?​A??MCVCPA”AGMQS@KŠVGKM$QQ??@MPB?ECKDSLAGML?NMPA?SQ?BCTŠPG?QNPCKGQQ?Q

    $VGQRCSK?PCJ?ŽMECP?JKCLRCJGLC?PCLRPC?DPC​OS‘LAG?A?PB”?​A? MRP?@?JFMCM5.
    .?JA?LACB?A?PE?BCRP?@?JFMKŠVGK?GLBGA?M?JA?LACBM5.KŠV
    4K?DPC​OS‘LAG?A?PB”?​A?AMLQR?LRCM@RGB?CKA?B?A?PE?BCRP?@?JFMBSP?LRCMRCQRCCCQQ?DPC​OS‘LAG?A?PB”?​A?
    AMLQGQRCLRCBG??N™QBG?
    DPC​OS‘LAG?A?PB”?​A?KŠVGK?N?P?B?B?GB?BCSLGDMPKCCLRPCMQGL​BG​T”​BSMQ
    .5.BCACPR?A?PE?BCRP?@?JFMC¤AG‘L^G?KCA‹LGA? COSGT?JCLRCCLRPCGL_ Gq”_ SMQ
    QNCQQM?QOSCPC?​JG​X?KMRCQRCLŽMCQRŽMRMK?LBMLCLFSK?KCBGA?ŽMOSC?JRCPC?PCQNMQR?B?DPC​OS‘LAG?A?PB”?​A?

    $QQ?QNPCKGQQ?QNMBCKQCPSRGJGX?B?QN?P?NPCBGXCPM5.KŠVBSP?LRCKSGRMQRGNMQBC?RGTGB?BCD”QGA? Q?RGTGB?BCQK?GQ
    AMKSKCLRCSRGJGX?B?QN?P?NPCBGXCPM5. KŠVQŽM?AMPPGB? ?A?KGLF?B? QS@GPCBCQACPBCSK@?LAMCAGAJGQKM$QQCQ
    RCQRCQR‘KT?LR?ECLQCBCQT?LR?ECLQOSCBCTCKQCPAMLQGBCP?B?QOS?LBMQCCQAMJFCSKRCQRCBCCQDMPMN?P?NPCBGXCPM
    5.KŠV

    +6DE6D564@CC:52642>:?9252
    .QRCQRCQBCAMPPGB?CA?KGLF?B?QŽMMRGNMK?GQNMNSJ?PBCRCQRCA?PBGMT?QASJ?PMS?CP™@GMBCA?KNM$JCQQŽM?NJGAŠTCGQ
    ? SK? EP?LBC OS?LRGB?BC BC NCQQM?Q C PCOSCPCK ?N?PCJF?ECK K”LGK? %GESP?   OSG QCPŽM BGQASRGBMQ M RCQRC BC
    AMPPGB?BCKGL MRCQRCBCAMPPGB?BC IK MRCQRCBCAMPPGB?BCGB?CTMJR?BCKCMRCQRCBCA?KGLF?B?BC IK
    BC1MAINMPR

    86DA0  %B C4BC4B 34 2>AA830 4 20<8=7030 ?0A0 4BC8<0A > 2>=BD<> <oG8<> 34 >G86u=8> ?>34< B4A
    A40​;8​H03>B4<D<0?8BC034

    <&MMIJ?LGCN?OG;@†=CF>?N?LGCH;‹ŠI>;>CMN‡H=C;J?L=ILLC>;IO>IN?GJIJ;L;
    =I<LCLOG;>CMN‡H=C;?MJ?=V=;
    KO?ŒH?=?MM†LCIJ;L;?MNCG;LI=IHMOGIG†RCGI>?IRCAHCI

    (56('(&144,'$'(/,0
    $QQC RCQRC CLTMJTC AMPPCP M OS?LRM DMP NMQQ”TCJ CK  KGL  CK@MP? ? A?KGLF?B? QCH? NCPKGRGB?  QC LCACQQŠPGM /MBC QCP
    SRGJGX?BMN?P?CQRGK?PM5.KŠVCKRMB?Q?QD?GV?QCRŠPG?QBCGL​BG​T”​BSMQ?N?PCLRCKCLRCQ?SBŠTCGQ4K?TCPQŽMK?GQASPR?
    BMRCQRC MRCQRCBCAMPPGB?BCKGL NMBCQCPSRGJGX?BMN?P?CQRGK?PM5.KŠVCKAPG?L?QBC??LMQBCGB?BCv
    GKNMPR?LRCOSC?NCQQM?OSCCQRGTCPPC?​JG​X?LBMMRCQRCQCDMPAC?AMPPCPMK?GQPŠNGBMNMQQ”TCJBSP?LRCMRCKNMBCQGEL?BM
    .RCQRCPC?​JG​X?BMLMPK?JKCLRCCKSK?NGQR?N?BPŽMBCK BCRCPKGL?ŽMNPCAGQ?B?BGQR‹LAG?GKNMPR?LRCN?P??
    CQRGK?RGT?BM5.KŠVCNMBCQCP?SVGJG?B?NCJMSQMBCAMLCQMSBCK?PA?BMPCQN?P?BGTGBGP?NGQR?BCKCKMGR?TMQ
    KBCBGQR‹LAG?  BGQR‹LAG?BCKCKSK?NGQR?N?BPŽMQC?NJGA??NCL?QP?G?GLRCPL? BCKMBMOSC?NCQQM?OSC
    CQRŠQCLBMRCQR?B?BCTCQCPCLAMP?H?B??AMPPCPL?P?G?GLRCPL? BGQR‹LAG?NCPAMPPGB?QCAMPPCJ?AGML?QGELG¤A?RGT?KCLRC
    AMKM5.KŠV9  CNMBCQCPSRGJGX?B?L?QCESGLRCCOS?ŽMBCPCEPCQQŽMN?P?CQRGK?PM5.KŠV
    5.KŠVKl\IEZ\KGLZ  BGQR‹LAG?AMPPGB?CKKCRPMQCKKGL Z 
    /MPCVCKNJM QCSK?NCQQM?AMKNJCRMSKTMJR?QCKSK?NGQR?BCK QCS5.KŠVCQRGK?BMQCPG?BC 
    Kl\IEZ\KGLZ

    (56('(&144,'$'(
    -/
    .RCQRCBCAMPPGB?BC IK@?QR?LRCN?PCAGBMAMKMRCQRCBCAMPPGB?BCKGL CVACRMOSCMM@HCRGTMB?OSCJCQOSCPC?​
    JG​X?KMRCQRCAMPPCPMQ IKLMKCLMPNCP”M​BMBCRCKNMNMQQ”TCJ$QQCRCQRC?BCOS?BMN?P?RMB?Q?QGB?BCQQCMQ
    N?PRGAGN?LRCQCQRGTCPCK?N?PCLRCKCLRCQ?SBŠTCGQ$LRPCR?LRM SK?TCPQŽMK?GQASPR?BMRCQRC MRCQRCBCAMPPGB?BC IK
    NMBCQCPSRGJGX?B?N?P?CQRGK?PM5. KŠVCKAPG?L?QCLRPCC?LMQBCGB?BC.RCQRCPC?​JG​X?BMLMPK?JKCLRCCK
    SK?NGQR?BCK/?P?AMKNJCR?PSK?KGJF?CKSK?NGQR?BCK LCACQQŠPGMAMPPCPK?K?GQ?JKB?QTMJR?Q
    AMKNJCR?Q.RCKNMLCACQQŠPGMN?P?AMKNJCR?P IKQCAMPPCJ?AGML?AMKQSACQQM9  AMKM5. KŠVCNMBCQCP
    SQ?BMN?P?CQRGK?PM5.KŠVSRGJGX?LBM?QQCESGLRCQCOS?CQ
    ,SJFCPCQ
    5.KŠVKl\IEZ\KGLZ  Z K?QQ?AMPN™PC?CKIE Z RCKNMBC IKCKKGLSRMQ 
    'MKCLQ
    5.KŠVKl\IEZ\KGLZ  Z K?QQ?AMPN™PC?CKIE Z RCKNMBC IKCKKGLSRMQ 
    /MPCVCKNJM QCSKFMKCKCSK?KSJFCPAMKNJCR?P?KMQ IKCKKGLC?K@MQR‘KSK?K?QQ?AMPN™PC?BC 
    IE QS?QKCBGB?QBC5.KŠVCQRGK?B?QQCPG?KBC CBC Kl\IEZ\KGLZ PCQNCARGT?KCLRC

    (56('(&144,'$'(,'$(81.6$'(/
    .RCQRCBCAMPPGB?BCGB?CTMJR?BCK R?K@KAF?K?BMBCRCQRCBC?NRGBŽMBCKSJRGCQRŠEGMQ CLTMJTCAMPPCPGB?CTMJR?
    CLRPCJGLF?QQCN?P?B?QNMPKCKTCJMAGB?BCQAPCQACLRCQ?R?CV?SQRŽMTMJSLRŠPG?.RCQRCPC?​JG​X?BMSRGJGX?LBMSK
    "# SQRP?JG?L(LQRGRSRCMD2NMPR FRRNUUU?SQNMPREMT?SNS@A?R OSCGLBGA?CKGLQRPSCQCQMLQMPGRKMAMKOSC
    A?B?BGQR‹LAG?BCKBCTCQCPNCPAMPPGB?.RCQRCRCKCQRŠEGMQ CA?B?CQRŠEGMRCKACPA?BCKGLBCBSP?ŽM"?B?
    CQRŠEGMRCKGB?QCTGLB?QKžJRGNJ?QMSBGQR‹LAG?QBCK?QCPCKNCPAMPPGB?Q/MPCVCKNJM MCQRŠEGMAMLQGQRCCKGB?Q
    CTGLB?Q CLOS?LRMMCQRŠEGMAMLQGQRCCKGB?QCTGLB?Q
    /?P?M@RCPMKCJFMPPCQSJR?BM ?NCQQM?OSCCQRŠPC?​JG​X?LBMMRCQRCBCTCQCDMP?P?LŽMAM@PGPA?B?BGQR‹LAG?BCK
    K?GQ PŠNGBM BM OSC M PGRKM QSECPGBM NCL?Q SK N BCTC QCP AMJMA?BM QM@PC ? JGLF? BMQ  K N?P? OSC ? TMJR? QCH?
    AMLQGBCP?B? @CK QSACBGB? 2C SK? NCQQM? LŽM AMLQCESC AMKNJCR?P ? TMJR? LM RCKNM NPCTGQRM  CJ?  ?JCPR?B? N?P?
    ?AMKN?LF?PMPGRKMNPCQAPGRM0S?LBM?NCQQM?LŽMAMLQCESCK?GQK?LRCPMPGRKMB?QGB?QCTGLB?QBCK MRCQRC
    CLACPP?BM.žJRGKMCQRŠEGMC?žJRGK?TMJR?AMKNJCRMQAMKQSACQQMQŽM?NMLRS?ŽMBMRCQRC
    . CQRŠEGM C ? OS?LRGB?BC BC GB?Q C TGLB?Q AMKNJCR?BMQ NMBCK QCP SRGJGX?BMQ AMKM K?PA?BMPCQ B?Q A?N?AGB?BCQ BC
    ,5+<9(5*,MSN?P?CQRGK?PM5. KŠV9   /MPCVCKNJM ?¤L?JGX?ŽM@CK QSACBGB?BMCQRŠEGM GB?CTGLB?
    CQRGK?SK5.KŠVBC Kl\IEZ\KGLZ CLOS?LRM?¤L?JGX?ŽMBML”TCJ GB?CTGLB? CQRGK?SK5.KŠVBC 
    Kl\IEZ\KGLZ

    (56('(&$/,0+$'$'( -/'(1&-2146
    $QQCRCQRCN?PCAGBMAMKMRCQRCBCAMPPGB?BC IK CVACRMOSCMQ IKQŽMA?KGLF?BMQCKSK?NGQR?BCKM
    K?GQ PŠNGBM NMQQ”TCJ /?P? AMKNJCR?P  KGJF? CK SK? NGQR? BC  K   NPCAGQM A?KGLF?P K?GQ  K ?JK B?Q  TMJR?Q
    AMKNJCR?Q  KMP@GB?BC C ? KMPR?JGB?BC QŽM CQRGK?B?Q GLBCNCLBCLRCKCLRC RCKNMQ K?GQ JMLEMQ COSGT?JCK ? K?GMP
    KMP@GB?BCCKMPR?JGB?BC NCJMRCQRCBCA?KGLF?B?BC IK.RCQRCBCA?KGLF?B?BC IKNMBCQCPK?GQ?NPMNPG?BM
    BMOSCMQRCQRCQBCAMPPGB?N?P?NCQQM?QAMKL”TCGQKCLMPCQBC?NRGBŽM AMKMNCQQM?QQCBCLRŠPG?QCGBMQ?Q MS?OSCJCQOSC
    QMDPCK BC ?JESK? BMCL​?  DPC​OS‘LAG? A?PB”?​A? LM žJRGKM KGLSRM BM RCQRC  SRGJGX?B? CK AMLHSLRM AMK M RCKNM N?P?
    AMKNJCR?PMRCQRCN?P?CQRGK?PM5. KŠV#CNCLBCLBMB?GB?BCB?NCQQM? KSGR?QCOS?CQP Z BM5.KŠV
    PC?J NMBCKQCPSRGJGX?B?QN?P?CQRGK?PM5.KŠV
    ,SJFCPCQ??LMQBCGB?BC  
    5.KŠVKl\IEZ\KGLZ  Z GB?BCCK?LMQ Z K?QQ?AMPN™PC?CKIE Z RCKNM
    CKKGLSRMQB?A?KGLF?B?BC IK Z DPC​OS‘LAG?A?PB”?​A?CK@NK 
    'MKCLQ??LMQBCGB?BC 
    5.KŠVKl\IEZ\KGLZ  Z GB?BCCK?LMQ Z K?QQ?AMPN™PC?CKIE Z RCKNM
    CKKGLSRMQB?A?KGLF?B?BC IK Z DPC​OS‘LAG?A?PB”?​A?CK@NK 
    /MPCVCKNJM QCSK?KSJFCPBC?LMQBCGB?BC AMKIEBCK?QQ?AMPNMP?J AMKNJCRMS?A?KGLF?B?BC IKCK
    KGLAMKSK?DPC​OS‘LAG?A?PB”?​A?BC@NKLMžJRGKMKGLSRMBMRCQRC M5.KŠVQCPG?BC Kl\IEZ\KGLZ
    ,SJFCPCQ??LMQBCGB?BC  
    5.KŠVKl\IEZ\KGLZ  Z K?QQ?AMPN™PC?CKIE Z RCKNMCKKGLSRMQB?A?KGLF?B?BC
     IK Z DPC​OS‘LAG?A?PB”?​A?CK@NK 
    'MKCLQ??LMQBCGB?BC  
    5.KŠVKl\IEZ\KGLZ  Z K?QQ?AMPN™PC?CKIE Z RCKNMCKKGLSRMQB?A?KGLF?B?BC
     IK Z DPC​OS‘LAG?A?PB”?​A?CK@NK 
    /MP CVCKNJM  QC SK FMKCK BC  ?LMQ BC GB?BC  AMK  IE  A?KGLFMS M   IK CK  KGL C ?NPCQCLRMS SK? DPC​
    OS‘LAG?A?PB”?​A?BC@NK M5.KŠVCQRGK?BMQCPG?BC Kl\IEZ\KGLZ

    +6DE6D56DE6A
    .QRCQRCQBC:;,7N?P?CQRGK?PM5.KŠVQŽMAMLTCLGCLRCQ LŽMR‘KASQRMN?P??PC?​JG​X?ŽMCNCPKGRCKMRCQRCBCEPSNMQ
    PCJ?RGT?KCLRC EP?LBCQ ?M KCQKM RCKNM /MBCK QCP LCACQQŠPG?Q NPCA?SCQ CQNCAG?GQ N?P? NCQQM?Q AMK NPM@JCK?Q BC
    COSGJ”@PGM JKBGQQM MBCQCKNCLFMLMRCQRCNMBCQCPJGKGR?BMNCJ?DMP?L?NCPL?BC?JESK?QNMNSJ?CQ HŠOSCSK?
    NCPL?SRGJGX?B?N?P?QS@GPCBCQACPBM@?LAM%GESP? .RCQRCBC:;,7BM0SCLQ"MJJCECCLTMJTCQS@GPCBCQACPNMP
    ?NCL?QKGLCKSK?A?B‘LAG?BCQS@GP QS@GP BCQACP BCQACPCKQS@GB?QAMKNJCR?QNMPKGLSRMNMQGAGML?KCLRMQBC
    NQNMPKGLSRM N?P?KSJFCPCQCQS@GB?QNMPKGLSRMNMQGAGML?KCLRMQBCNQNMPKGLSRM N?P?FMKCLQ ?JRSP?BM
    @?LAMSRGJGX?B?N?P?MRCQRCBC AK DPC​OS‘LAG?A?PB”?​A?KCBGB?GKCBG?R?KCLRC?N™Q?¤L?JGX?ŽMBMQKGLBC
    CVCPA”AGMCNMBCQCPSRGJGX?B?AMK?QQCESGLRCQCOS?CQN?P?CQRGK?PM5.KŠV9Z  AMPPCJ?ŽMGLTCPQ? K?GMP5.
    KŠVCQRŠ?QQMAG?BMQKCLMPCQDPC​OS‘LAG?QA?PB”?​A?Q?N™QMRCQRC 

    ,SJFCPCQBCGB?BCSLGTCPQGRŠPG?
    5.KŠVKl\IEZ\KGLZ  Z DPC​OS‘LAG?A?PB”?​A?GKCBG?R?KCLRC?N™QM¤KBMRCQRC 
    'MKCLQBCGB?BCSLGTCPQGRŠPG?
    5.KŠVKl\IEZ\KGLZ  Z DPC​OS‘LAG?A?PB”?​A?GKCBG?R?KCLRC?N™QM¤KBMRCQRC 
    M@RCLŽMB?DPC​OS‘LAG?A?PB”?​A?GKCBG?R?KCLRC?N™QM¤KBMRCQRCBCLRPMBC?QCESLBMQ GKNMPR?LRCNMPOSC
    NCPKGRCOSC?DPC​OS‘LAG?A?PB”?​A?QCPCASNCPC?N™QMCVCPA”AGMPCQSJR?PŠCKSK5.KŠVQSNCPCQRGK?BM2CSKFMKCKC
    SK?KSJFCPCKGB?BCSLGTCPQGRŠPG?R‘KSK?DPC​OS‘LAG?A?PB”?​A?BC@NK?M¤KBMRCQRC M5.KŠVCQRGK?BMQCPG?BC
     CBC Kl\IEZ\KGLZ PCQNCARGT?KCLRC
    86DA0 %BC4BC4B34?0A04BC8<0A>2>=BD<><oG8<>34>G86u=8>=r>Cu<2DBC>4Br>5o248B34
    A40​;8​H0ArJL?=CMINIG;L=OC>;>IH;L?;​FC​T;‹ŠI>IN?MN?M?;J?MMI;N?G>CV=OF>;>?M>??KOCF<LCI?IML?MOFN;>IM
    >IN?MN?JI>?GM?LFCGCN;>IMJ?F;@IL‹;>;J?LH;?G;FAOG;MJIJOF;‹™?M

    +6DE6D4@>3:4:4=6E26C8@>xEC:42
    .QRCQRCQAMK@GAGAJCR?CPEMKRPGA?N?P?CQRGK?PM5.KŠVPCOSCPCKSK?@GAGAJCR?BCJ?@MP?R™PGMA?N?XBCK?LRCP?A?PE?
    BC RP?@?JFM AMLQR?LRC %GESP?   #SP?LRC M RCQRC CK @GAGAJCR? CPEMKRPGA?  ? A?PE? BC RP?@?JFM BCNCLBC R?LRM B?
    PCQGQR‘LAG?BMNCB?JAMKMB?A?B‘LAG? MSPNK B?NCB?J?B?$K@GAGAJCR?QCPEMKRPGA?QBCDPCL?ECKKCA‹LGA? CKOSC?
    PCQGQR‘LAG?BMNCB?JAMLQR?LRC GQQMQGELG¤A??K?LSRCLŽMB?PNKBCNCB?J?B?AMLQR?LRC$K@GAGAJCR?QCPEMKRPGA?QBC
    DPCL?ECKCJCRPMK?ELRGA? ?PCQGQR‘LAG?BMNCB?J?HSQR?B??SRMK?RGA?KCLRCN?P?K?LRCPSK?R?V?BCRP?@?JFMAMLQR?LRC
    KCQKMOSC?PNKT?PGC
    .RCQRCBC QRP?LBCK@GAGAJCR?SKRCQRCBC@GAGAJCR?CPEMKRPGA?NMNSJ?POSCDMGKMQRP?BMB?LBMCQRGK?RGT?QTŠJGB?Q
    ?BCCPPM BM5. KŠV.RCQRCAMLQGQRCCKNCB?J?P?PNKAMLRP?SK?PCQGQR‘LAG?AMLQR?LRCKl\IEZ\
    KGLZ\K?QQ?AMPNMP?JZ NMPKGL$QQ?A?PE?BCRP?@?JFMBCQGEL?B?N?P?PCQSJR?PCKSK?DPC​OS‘LAG?A?PB”?​A??M¤L?J
    BMRCQRCBC?NPMVGK?B?KCLRC@NK DPC​OS‘LAG?A?PB”?​A?M@RGB?BSP?LRCA?B?KGLSRMBMRCQRC#SP?LRCMMKGLBM
    RCQRC QC?DPC​OS‘LAG?A?PB”?​A?DMPKCLMPBMOSC@NKMSK?GMPBMOSC@NK ?A?PE?BCRP?@?JFM?HSQR?B?N?P?
    OSC ? DPC​OS‘LAG? A?PB”?​A? QCH? BC ?NPMVGK?B?KCLRC  @NK ?M ¤K BMQ  KGL  DPC l S‘LAG? A?PB”?^? LMQ žJRGKMQ 
    QCESLBMQ BM RCQRC  SQ?B? N?P? CQRGK?P M 5. KŠV SRGJGX?LBM  COS?CQ . AMLQSKM BC MVGE‘LGM CQRGK?BM L? A?PE? BC
    RP?@?JFM SRGJGX?B? BSP?LRC M RCQRC  A?JASJ?BM AMK ? NPGKCGP? COS?ŽM  CLOS?LRM ? QCESLB? COS?ŽM SK? TCPQŽM N?P?
    FMKCLQCSK?TCPQŽMN?P?KSJFCPCQ CQRGK?M5.KŠVCKJGRPMQNMPKGLSRM2C?A?PE?BCRP?@?JFMDMP?HSQR?B?LM¤L?J
    BMMKGLBMRCQRC ?A?PE?BCRP?@?JFM?HSQR?B?SRGJGX?B?LMQAŠJASJMQ

    86DA0  *4BC4B 34 18282;4C0 4A6><tCA820 ?0A0 4BC8<0A > 2>=BD<> <oG8<> 34 >G86u=8> A4@D4A4< D<
    4A6|<4CA> 34 20C46>A80 ;01>A0C>A80; , ?LA–G?NLI >?P? =IHNLIF;L JL?=CM;G?HN? ; =;LA; >? NL;<;FBI J;L; OG;
    ?MNCG;NCP;JL?=CM;>I=IHMOGIG†RCGI>?IRCAHCI

    . AMLQSKM BC MVGE‘LGM CQRGK?BM N?P? SK? A?PE? BC RP?@?JFM SRGJGX?B? BSP?LRC M RCQRC  A?JASJ?BM AMK ? QCESGLRC
    COS?ŽM
    5.KŠVl\KGLZ NMR‘LAG?CKIE\K\KGLZ    
    'MKCLQ
    5.KŠVCQRGK?BMl\KGLZ AMLQSKMBCMVGE‘LGMCQRGK?BML?A?PE?BCRP?@?JFMSRGJGX?B?l\KGLZ ZGB?BCCK
    ?LMQZDPC​OS‘LAG?A?PB”?​A?LM¤L?JBMRCQRCZ
    ,SJFCPCQ
    5.KŠVCQRGK?BMl\KGLZ AMLQSKMBCMVGE‘LGMCQRGK?BML?A?PE?BCRP?@?JFMSRGJGX?B?l\KGLZ ZGB?BCCK
    ?LMQZDPC​OS‘LAG?A?PB”?​A?LM¤L?JBMRCQRCZ
    ! 

    > 2=8F>2D D:EF2w‚6D 56 E6DE6 4@>@ BF2?5@ x ?646DDsC:@ E6DE2C C2A:52>6?E6 >F:E2D A6DD@2D @F BF2?5@ @ 6BF:A2>6?E@
    =23@C2E@C:2=A2C2>65:C5:C6E2>6?E62D42A24:5256D56 &# ?v@6DEs5:DA@?{G6=F>26DE:>2E:G256,% >sIA@5632DE2C4@>@
    >65:5252D42A24:5256D56 &# 
    D6DE:>2E:G2D5@,% >sIDv@32D6252D?@C>2=>6?E6?2C6DA@DE2527C6BFy?4:242C5{2422@6I6C4{4:@DF3>sI:>@
    >3@C2@,% >sIA@DD2D6C6DE:>25@FE:=:J2?5@D63:4:4=6E26C8@>xEC:42@FE6DE656$%"@DE6DE6D564@CC:52642>:?9252Dv@@
    E:A@>2:DA@AF=2C56E6DE642C5:@G2D4F=2C@F26C3:@5642>A@

    /MPCVCKNJM SK?KSJFCPAMK?LMQBCGB?BCAMKSK?K?QQ?AMPNMP?JBCIESRGJGX?PG?SK?A?PE?BCRP?@?JFMBC
    IE\K\KGLZ6 LMGL”AGMBMRCQRC2C?A?PE?BCRP?@?JFMLŽMDMP?HSQR?B??N™QMRCPACGPMKGLSRMBMRCQRC
    CLRŽM ? DPC​OS‘LAG? A?PB”?​A? LM ¤K BM RCQRC DMG BC  @NK . AMLQSKM BC MVGE‘LGM CQRGK?BM L? A?PE? BC RP?@?JFM
    SRGJGX?B?BSP?LRCMRCQRCQCPG?BC l\KGLZCM5.KŠVCQRGK?BMQCPG?BC l\KGLZMSBC Kl\IEZ\KGLZ

    "8<80A34;02C0C>

    "MLDMPKC?GLRCLQGB?BCBMCVCPA”AGM?SKCLR? ?R?V?CKOSCM 3/NMBCQCPDMPLCAGBM?NCL?QNCJMKCR?@MJGQKM?CP™@GM


    CVACBGB?C?BCK?LB??BGAGML?JBC 3/BCTCQCPQ?RGQDCGR?AMKMKCR?@MJGQKM?L?CP™@GM.JGKG?PBCJ?AR?RMMNMLRM
    LMOS?JMJ?AR?RMQ?LES”​LCM?NPCQCLR?SK?GL¥CVŽM MSQCH? SK?KSB?L?LŽMJGLC?PAPCQACLRCBSP?LRCMCVCPA”AGMASH?
    GLRCLQGB?BC ?SKCLR? EP?BS?JKCLRC -? %GESP?    KMQRP?BM M AMLQSKM BC MVGE‘LGM CK l \ KGLZ CLRPCR?LRM  ?
    GLRCLQGB?BC BM CVCPA”AGM R?K@K NMBC QCP PCNPCQCLR?B? AMKM AMLQSKM BC MVGE‘LGM CK Kl \ IEZ \ KGLZ  DPC​OS‘LAG?
    A?PB”?​A?  TCJMAGB?BC B? AMPPGB? MS OS?JOSCP MSRP? KCBGB? B? GLRCLQGB?BC BM CVCPA”AGM (QQM  BGDCPCLRC B? PCQNMQR? BC
    A?NR?ŽMBCMVGE‘LGMBSP?LRCMCVCPA”AGMBCGLRCLQGB?BCNPMEPCQQGT?KCLRCK?GMPNMPOSCMAMLQSKMBCMVGE‘LGMKMQRP?
    SK?SKCLRMBGPCRMMSJGLC?POSCN?P?JCJMA?PE?BCRP?@?JFMAPCQACLRC.J?AR?RMQ?LES”​LCM CKAMLRP?QRC NCPK?LCAC
    CQRŠTCJBSP?LRCMQCQRŠEGMQGLGAG?GQB?QCQQŽMBCCVCPA”AGM?LRCQBC?NPCQCLR?PSK?CJCT?ŽM?@PSNR?OSCCVACBCOSCJ?BMQ
    GLAPCKCLRMQB?GLRCLQGB?BCBMCVCPA”AGMCBMAMLQSKMBCMVGE‘LGM$KNCQQM?QLŽMRPCGL?B?Q MJGKG?PBCJ?AR?RM?AMLRCAC
    CK ACPA? BC  ?  BM AMLQSKM KŠVGKM BC MVGE‘LGM  5. KŠV  $K ?RJCR?Q @CK RPCGL?BMQ  CLRPCR?LRM  M JGKG?P BC
    J?AR?RMNMBCQCPRŽM?JRMOS?LRM?BCQCS5.KŠV
    86DA0 
     % ;8<80A 34 ;02C0C> >2>AA4 => 2>=BD<> 34 >G86u=8> >D =0 8=C4=B83034 34 4G4A2w28> 4< @D4 >
    ;02C0C>B0=6Dw​=4>0D<4=C0BD1BC0=280;<4=C44<A4;0sr>q8=C4=B830343>CA010;7>-;L;>?N?LGCH;LIFCGC;L
    >?F;=N;NIŒH?=?MM†LCIL?;​FC​T;L=;LA;M>?NL;<;FBIGšFNCJF;M?I<N?L;GIMNL;MM;HAO​H?;M *I>CV=;>I>?#;O>?,

    (CH>?LG;HH4
    *?S?L1 );=N;N?NBL?MBIF>=IH=?JNM%IQP;FC>;L?NB?S0JILNM*?> X 

    1CN?PC OSC  KCQKM CK QGRS?CQ BC PCNMSQM  CVGQRC J?AR?RM LM Q?LESC CK AMLACLRP?CQ BC ACPA? BC  KKMJ \ lZ
    #SP?LRCMQCQRŠEGMQGLGAG?GQBMCVCPA”AGMBCGLRCLQGB?BCAPCQACLRC MQL”TCGQBCJ?AR?RMQ?LES”​LCMNCPK?LCACKCQRŠTCGQ(QQM
    ?AMLRCACNMPOSC CK@MP?MQ​KžQASJMQCKRP?@?JFMCQRCH?KNPMBSXGLBMK?GQJ?AR?RM MSRPMQ™PEŽMQ AMKMMAMP?ŽMCM
    D”E?BM C KCQKM ?Q ¤@P?Q h SQASJ?mCQ MVGB?RGT?Q  A?NR?K LM BM Q?LESC N?P? OSC CJC QCH? MVGB?BM AMKM SK QS@QRP?RM
    CLCPERGAM MS QCH? AMLTCPRGBM CK EJGAMQC /MPK  CK ?JESK NMLRM  AMLDMPKC K?GQ J?AR?RM  NPMBSXGBM C JG@CP?BM LM
    Q?LESCNCJMQ​KžQASJMQCKRP?@?JFM MPGRKMBCA?NR?ŽMLMQ?LESCCVACBGBM PCQSJR?LBMCK?SKCLRMJ”OSGBMBMJ?AR?RM
    AGPASJ?LRC A?SQ?N?P?CQQ?R?V?CVACQQGT?BCJG@CP?ŽMBCJ?AR?RMN?P?MQ?LESCAMKNJCV?CGLAJSGMQQCESGLRCQD?RMPCQ
     ,?GMPBCNCLB‘LAG?BCA?P@MGBP?RMQCLŽMBCJGN”BGMQAMKMQS@QRP?RMCLCPERGAM
     . PCAPSR?KCLRM BC ¤@P?Q h SQASJ?mCQ BC AMLRP?ŽM PŠNGB? OSC R‘K ?JR?Q AMLACLRP?CQ BC CLXGK?Q EJGAMJ”RGA?Q  K?Q
    NCOSCL?DSLŽMMVGB?RGT?
     .CQR”KSJMNCJMQGQRCK?LCPTMQM?SRMLšKGAMQGKNŠRGAM MOS?JPCQSJR?CKPCQNMQR?QBCJSR?MSDSE? OSC?SKCLR?K?
    ?RGTGB?BCEJGAMJ”RGA? K?QLŽM?TG?@GMCLCPERGA?MVGB?RGT? JCT?LBM?SK?AžKS​JMBCNGPST?RM OSCBCTCQCPAMLTCPRGBM
    CKJ?AR?RMN?P?OSC?NPMBSŽMBCCLCPEG?AMLRGLSC
    /?P?M?RJCR? ?QA?SQ?QCQNCA”¤A?QBM?AžKSgMQ?LES”i CMBCJ?AR?RMLŽMQŽMLCKBCJMLECK?GQPCJCT?LRCQBMOSCAMKM
    GQQM?DCR?QCSBCQCKNCLFM#GRMBCKMBMQGKNJG¤A?BM MPGRKM MS?R?V?BCRP?@?JFM OSCSK?RJCR?BC,5+<9​(5*,NMBC
    QSQRCLR?P?OSCJ?OSCAMGLAGBCAMKQCSJGKG?PBCJ?AR?RM QQGK QCMJGKG?PBCJ?AR?RMMAMPPCPCKBM5.KŠV CQQ?
    ?GLRCLQGB?BC?JESK?QTCXCQAF?K?B?BCY5.BCBCQCKNCLFM^ CKOSCCJCNMBCQCCVCPAGR?PNMPSKNCP”M​BMJMLEMBC
    RCKNM$QQCDCLšKCLMQC@?QCG?LMD?RMBCOSCMJ?AR?RM MSK?GQCQNCAG¤A?KCLRCMQ”Mi Q' OSCCQRŽM?QQMAG?BMQ?CJC
    AMKMŠAGBMJŠARGAM NPMTMA?PŽMNCPRSP@?CQACJSJ?PCQ PCQSJR?LBMCKQGL?GQBCD?BGE?​KSQASJ?P%CJGXKCLRC N?P??RJCR?QBC
    ,5+<9(5*,MJGKG?PBCJ?AR?RM?NPCQCLR?K?GMPPCQNMLQGTGB?BC?MRPCGL?KCLRMBMOSCM5.KŠV QQGK NMQQ”TCJKCJFMPŠ
    JMC CKAMLAMPB‹LAG? R?K@KMPGRKMOSCNMBCQCPK?LRGBMCKSKCTCLRMBC,5+<9(5*,
    ,SGRMQNPMRMAMJMQBCCQRCGP?DMP?KBCQCLTMJTGBMQN?P?EPSNMQCQNCA”¤AMQBCNCQQM?QAMKMN?P??RJCR?QBC,5+<9(5*, C
    N?P?NPMN™QGRMQCQNCA”¤AMQ AMKMN?P??BCRCPKGL?ŽMBMJGKG?PBCJ?AR?RM"?N”RSJM MSMJGKG?PTCLRGJ?R™PGM"?N”RSJM
      .Q NPMRMAMJMQ N?P? ?OSCJCQ AMK @M? ?NRGBŽM A?PBGMT?QASJ?P NMBCK QCP NPCACBGBMQ NMP SK NPMACBGKCLRM BC
    ?OSCAGKCLRM AMK?A?PE?BCRP?@?JFMGLGAG?JQCLBMK?GMPBMOSCCKNPMRMAMJMQN?P?NCQQM?QAMKSKAMLBGAGML?KCLRM
    A?PBGMT?QASJ?PPCBSXGBM4KNPMRMAMJMN?P??BCRCPKGL?ŽMBMJGKG?PBCJ?AR?RMN?P?SK?RJCR?BC,5+<9(5*,?NPCQCLR?BM
    L?3?@CJ? AMLACLRP?ŽMQ?LES”​LC?BCJ?AR?RM ?DPC​OS‘LAG?A?PB”?​A?CMAMLQSKMBCMVGE‘LGMQŽMKMLGRMP?BMQ?M
    JMLEM BC RMBM M RCQRC C SRGJGX?BMQ N?P? CQR?@CJCACP MQ PGRKMQ BC AMPPGB? ?AGK? C ?@?GVM BM JGKG?P BC J?AR?RM . RCQRC DMG
    BCQCLTMJTGBMN?P?SK?RJCR?AMKSKRCKNMBCKGLN?P?IK MSSKPGRKMKBGMBSP?LRC?AMPPGB?BCK\KGLZ
    KGLCQCESLBMQNMPOSGJšKCRPM CTCJMAGB?BCQ?@?GVMB?KBG?B?AMPPGB?QŽMCQR?@CJCAGB?QCKGLRCPT?JMQBCK\
    KGLZ KCQK?KSB?L?B?TCJMAGB?BCSRGJGX?B?N?P?CQR?@CJCACPPGRKMQ?AGK?BMPGRKMB?AMPPGB? GLAJGL?ŽMBC
     C ? A?PE? BC RP?@?JFM  ?SKCLR?B? ?NCL?Q NCJM ?SKCLRM B? TCJMAGB?BC (QQM  DCGRM N?P? KGKCRGX?P ?M KŠVGKM M
    CQRPCQQC¤QGMJ™EGAMCLAMLRP?BMCKSK?AMPPGB?BCIKOSCDCGR?CKSK?NGQR?NJ?L?.CQRŠEGMGLGAG?JBSP?KGL AMK
    A?B?CQRŠEGMQSACQQGTMBSP?LBMKGL$QQCGLRCPT?JMBCRCKNMSRGJGX?BMN?P?OSC QCNMQQ”TCJ ?QAMLACLRP?CQQ?LES”​
    LC?Q BC J?AR?RM CQRCH?K CQR?@GJGX?B?Q ?M ¤K BC A?B? CQRŠEGM M ¤K BC A?B? CQRŠEGM  SK? NCOSCL? ?KMQRP? BC Q?LESC 
    M@RGB?N?P???LŠJGQCGKCBG?R?B?AMLACLRP?ŽMBCJ?AR?RM4K?TCXOSC?AMLACLRP?ŽMBCJ?AR?RMCQRCH?K?GMPBMOSCSK
    T?JMP KKMJ\lZ GLBGA?LBMAJ?P?KCLRCOSC?A?PE?BCRP?@?JFMCQRŠ?AGK?BMJGKG?PBCJ?AR?RM ?A?PE?BCRP?@?JFMCK
    ASPQMAMKNJCR?B?CMRCQRCCLACPP?BM2C?BCRCPKGL?ŽMBM5.KŠVBCQCH?B? NCPKGRGBMOSCM?RJCR?BCQA?LQCNMP
     KGL  CQRCGP?  NPMEP?K?B? L? NCLžJRGK? A?PE? BC RP?@?JFM PC?​JG​X?B? LM NPMRMAMJM BC BCRCPKGL?ŽM BM JGKG?P BC
    J?AR?RM QCLBMCJCT?B?CK?A?B?KGLSRM?R?CV?SQRŽMTMJSLRŠPG?

    '-.18-
    #>;@;/;8;/;91?@15>-<->-8595->018-/@-@;<->-A9-@81@-01
    

    BCo68> ,4;>283034<M<8=L  ,4;>283034:<M7L  DA0sr><8=


       
        
        
        
        
        
        
        

    4KNPMRMAMJMN?P?BCRCPKGL?PMJGKG?PBCJ?AR?RMSRGJGX?LBMSKAGAJMCPEšKCRPMBCKMLQRP?BML?3?@CJ?3?LRM
    N?P?FMKCLQOS?LRMN?P?KSJFCPCQ ?A?PE?BCRP?@?JFM?SKCLR?B?CKIE\K\KGLZ6 ?A?B?CQRŠEGMBMRCQRC
    AMK?QKSJFCPCQAMKC?LBMCKA?PE?QBCRP?@?JFMKCLMPCQBMOSCMQFMKCLQ=,9:<:6  M¤KBCA?B?A?PE?
    BCRP?@?JFM SK??KMQRP?BCQ?LESCCV?KGL?B?GKCBG?R?KCLRCN?P??LŠJGQCBMJ?AR?RMQ?LES”​LCM0S?LBMMJ?AR?RMCQRŠ
    AJ?P?KCLRC ?AGK? BC SK? AMLACLRP?ŽM   KKMJ \ lZ  OSC GLBGA? OSC M JGKG?P BC J?AR?RM DMG SJRP?N?QQ?BM  ? A?PE? BC
    RP?@?JFMOSCCQRŠQCLBMPC?​JG​X?B?AMKNJCR?B?CMRCQRCCLACPP?BM#SP?LRCRMBMMRCQRC ?DPC​OS‘LAG?A?PB”?​A?CM5.
    QŽMBCRCPKGL?BMQCSRGJGX?BMQN?P?CQR?@CJCACPMQNPMEP?K?QBCRPCGL?KCLRM2CDMPBCQCH?BMBCRCPKGL?PM5.KŠV?N™QM
    BCQA?LQMBCKGL MAGAJMCPEšKCRPMNPMEP?K?BML?NCLžJRGK?A?PE?AMKNJCR?B?C?A?PE?BCRP?@?JFM?SKCLR?B?CK
    K\KGLZ6 NMPKGLSRM?R?CV?SQRŽMTMJSLRŠPG?

    '-.18-
    #>;@;/;8;/;9.5/5/81@-1>3;9f@>5/-012>1:-319181@>l:5/-<->-;8595->01
    8-/@-@;<->-A9-@81@-01
    

    BCo68> ><4=B- #D;74A4B- DA0sr><8=


       
       
       
       
       
       
       
       

    4K KRMBM GLBGPCRM  AF?K?BM BC 3040(9 =,5;03(;k906 +5  BC CQRGK?P M JGKG?P BC J?AR?RM SRGJGX? ? ?LŠJGQC B?Q KCBGB?Q
    TCLRGJ?R™PG?QAML​R”​LS?QAMKSKA?JMP”KCRPM BCRCPKGL?ŽMBMJGKG?PTCLRGJ?R™PGMDMGBCQAPGR??LRCPGMPKCLRCSRGJGX?LBM
    MQCOSGT?JCLRCQPCQNGP?R™PGMQBMBG™​VGBMBCA?P@MLMCBMMVGE‘LGMTCP"?N”RSJM 1CQSKGB?KCLRC LMQCQRŠEGMQGLGAG?GQ
    BC SK? QCQQŽM BC CVCPA”AGM BC BG¤ASJB?BC APCQACLRC  ? TCLRGJ?ŽM NMP KGLSRM 5\$  C M 5. ?NPCQCLR?K GLAJGL?CQ
    N?P?JCJ?QCJGLC?PCQ,?Q CK?JESKNMLRM ?GLRCLQGB?BCBMCVCPA”AGMEP?BS?JKCLRCAPCQACLRCA?SQ?PŠSKBCQ?AMNJ?KCLRM
    BMQ ?SKCLRMQ BC 5\$ C 5.  CK OSC ? TCLRGJ?ŽM NMP KGLSRM ?NPCQCLR?PŠ CJCT?ŽM K?GQ ?ACL​RS?B? C ASPTGJ”LC? %GESP?
      %MG NPMNMQRM OSC CQQC ?SKCLRM BCQNPMNMPAGML?J LM 5\$ QC BCTC ? SK ?SKCLRM Qž@GRM B? NPMBSŽM BC ".  ?
    AMLACLRP?ŽMBC".Q?LES”​LC??PRCPG?JOSCRCK?K?GMPGL​¥S‘L^G?L?TCLRGJ?ŽM PCQSJR?LRCBMR?KNML?KCLRMBMJ?AR?RM
    MS K?GQCQNCAG¤A?KCLRC BM' LMQ?LESC+CK@PC QCBCOSCMŠAGBMJŠARGAMP?NGB?KCLRCQCBGQQMAG?CKJ?AR?RMC' LM
    N' ¤QGMJ™EGAM 0S?LBM CLRP? L? AMPPCLRC Q?LES” i C?  CJC QC JGE? ?M @GA?P@ML?RM '".Z  OSC CQRŠ NPCQCLRC LM Q?LESC
    DMPK?LBM ŠAGBM A?P@šLGAM '".  . ŠAGBM A?P@šLGAM  NMP QS? TCX  BGQQMAG? QC CK '. C ". NCJ? CLXGK? ?LGBP?QC
    A?P@šLGA?vCQQC".NPMBSXGBMBCKMBMLŽMKCR?@™JGAMOSCNPMKMTCM?SKCLRMBC5\$ CLOS?LRMM5.NCPK?LCAC
    GL?JRCP?BM GLRCLQGB?BCBMCVCPA”AGMCKOSCM?SKCLRMBC5\$CVACBCMBC5.AF?K?B?BCJGKG?PTCLRGJ?R™PGM.SRP?
    CQRGK?RGT?BMJGKG?PTCLRGJ?R™PGMNMBCQCPM@RGB?NJMR?LBM QC5\$=,9:<:?A?PE?BCRP?@?JFM-?%GESP? ?TCJMAGB?BC
    B?AMPPGB?PCNPCQCLR?B?AMKM?A?PE?BCRP?@?JFMCLRPCR?LRM ?A?PE?BCRP?@?JFMR?K@KNMBCPG?QCP?TCJMAGB?BCBC
    AGAJGQKM ?TCJMAGB?BCBCL?R?ŽMMSOS?JOSCPMSRP?KCBGB?BCA?PE?BCRP?@?JFM"MKCQQCKRMBM OS?LBM5\$?SKCLR?
    BCQNPMNMPAGML?JKCLRCCKPCJ?ŽMTCJMAGB?BCMNMLRMCKOSCQCCQRGK?OSCMJGKG?PTCLRGJ?R™PGM?AMLRC?
    86DA0  %;8<80AE4=C8;0C{A8>?>34B4A4BC8<03>2><>08=C4=B8303434CA010;7>4<@D4,M0D<4=C0
    34B?A>?>A28>=0;<4=C44<A4;0sr>q8=C4=B830342NCFCT;LIFCGC;LP?HNCF;N•LCIJ;L;?MNCG;LIFCGC;L>?F;=N;NIHŠI
    L?KO?L;I<N?H‹ŠI>?OG;;GIMNL;>?M;HAO?

    . KRMBM BC CQRGK?RGT? BM JGKG?P BC J?AR?RM AMK M JGKG?P TCLRGJ?R™PGM QC @CLC¤AG? NMP NMBCP QCP OS?LRG¤A?BM AMLRd
    LS?KCLRCOS?LBMQCSRGJGX?SKQGQRCK?KMBCPLM65305, CLŽMCKGLRCPT?JMQCQNCA”¤AMQ ?JKBCLŽMPCOSCPCP?KMQRP?Q
    BC Q?LESC $LRPCR?LRM  ?JESK?Q NCQQM?Q OSCQRGML?K QS? NPCAGQŽM NMPOSC DMG KMQRP?BM OSC ?Q KSB?L?Q TCLRGJ?R™PG?Q
    NMBCK ?AMLRCACP ?LRCQ B? GL¥CVŽM BM J?AR?RM Q?LES”i CM JK BGQQM  MSRPMQ NCQOSGQ?BMPCQ KMQRP?P?K OSC  ?JK BM
    J?AR?RM C BMQ ”M​LQ '  ? NPCQCL? BC NMRŠQQGM LM Q?LESC ?EC CQRGKSJ?LBM M ACLRPM BC AMLRPMJC TCLRGJ?R™PGM LM RPMLAM
    ACPC@P?J NPMKMTCLBMSK?SKCLRM?ACL​RS?BMLM5\$L??SQ‘LAG?BCCVCPA”AGMCBCKCR?@MJGQKM?L?CP™@GM 

    ! 

    %=:>:2C56=24E2E@x@A@?E@6>BF6@=24E2E@D2?8F{​?6@2AC6D6?E2:?M6Iv@@FD6;22>F52?w2?v@=:?62C5FC2?E6@6I6C4{4:@56
    :?E6?D:52564C6D46?E6
    DE:>2E:G2D5@=:>:2C56=24E2E@A@56>D6C@3E:52DFE:=:J2?5@D6>65:52DG6?E:=2EC:2D
    FC2?E6 F> E6DE6 A2C2 56E6C>:?2C @ =:>:2C 56 =24E2E@ 2 7C6​BFy?4:2 42C5{2​42 @ 4@?DF>@ 56 @I:8y?:@ 6 @ =24E2E@ D2?8F{​?6@ Dv@
    >@?:E@C25@D6>E@5@@E6DE66FE:=:J25@DA2C26DE236=646C@C:E>@627C6​BFy?4:242C5{2​42?@=:>:2C56=24E2E@DD2:?7@C>2wv@
    A@56D6CƒE:=A2C26DE236=646C@DC:E>@D564@CC:5224:>26232:I@5@=:>:2C56=24E2E@

    0?02830340=04A{180

    MAMLRPŠPGMBMBCQCKNCLFMBC?RJCR?QBC,5+<9(5*, OSCQMDPCPŽMAMKM?AžKS​JMBCJ?AR?RMLMQ?LESCAMKMPCQSJR?BMBC
    SK?BCNCLB‘LAG?CVACQQGT?BM 3/NPMBSXGBMNMPKCR?@MJGQKM?L?CP™@GM MBCQCKNCLFMCK?JESLQCTCLRMQCQNMPRGTMQ
    CQRŠ JGE?BM BGPCR?KCLRC  A?N?AGB?BC BMQ ​KžQASJMQ BC RP?@?JF?P BC KMBM ?L?CP™@GM /MP CVCKNJM  BCQCKNCLFMQ BC
    TCJMAGB?BCBCJMLE?BGQR‹LAG?NCV CK QŽMGL¥SCLAG?BMQDMPRCKCLRCNCJ?A?N?AGB?BCBCM?RJCR?QGLRCRGX?P 3/
    BCKMBM?L?CP™@GMCQSNMPR?P?JRMQL”TCGQBCJ?AR?RM​KSQASJ?PCQ?LES”​LCM#CD?RM OS?JOSCP?RGTGB?BCOSCBSPCCLRPC
    QCESLBMQCKGLCOSC?NPCQCLRCCQDMPM​KSQASJ?PKŠVGKMMSNP™VGKM?MKŠVGKMBCNCLBCDMPRCKCLRCB?A?N?AGB?BCBM
    ?RJCR?BCNPMBSXGPCLCPEG?NCJ?TG?@GMCLCPERGA??L?CP™@G?MSEJGAMJ”RGA? T?LR?ECKB?TG?EJGAMJ”RGA??QS?A?N?AGB?BC
    BC ECP?P 3/ P?NGB?KCLRC N?P? Q?RGQD?XCP ?Q LCACQQGB?BCQ BC M ?RJCR? AMLRP?GP P?NGB?KCLRC  C AMK NMR‘LAG?  ?Q ¤@P?Q *
    KSQASJ?​PCQ BSP?LRC MQ CTCLRMQ BC BSP?ŽM ASPR? C BC ?JR? GLRCLQGB?BC /MPK  M NGPST?RM  NPMBSXGBM RŽM P?NGB?KCLRC
    OS?LRMM 3/BSP?LRC?EJGA™JGQC-?PC?JGB?BC MNGPST?RMNMBCQCPECP?BMCKSKPGRKMOSCCVACBC?R?V?CKOSCCJC
    RP?LQNMPR?BMN?P??KGRMAšLBPG?CMVGB?BM/MPR?LRM CVGQRCSK?AžKS​JMAGRMNJ?QKŠRGAMBCNGPST?RM/?P?NCPKGRGPOSC?
    EJGA™JGQCNCPBSPCZHSLRMAMK?Q”LRCQCBC 3/Z MNGPST?RMBCTCQCPAMLTCPRGBMCKJ?AR?RM QQGK MQCTCLRMQBC:7905;
    BCNCLBCKBM 3/CBM/"GLRP?​KSQASJ?P @CKAMKMB?TG?EJGAMJ”RGA?C NMPCVRCLQŽM B?NPMBSŽMBCJ?AR?RM.RGNMBC
    ¤@P? h SQASJ?PBCSK?RJCR??DCR?PŠQS?QA?N?AGB?BCQ?L?CP™@G?Q$QNCAG¤A?KCLRC ?OSCJCQAMKK?GQ¤@P?QKSnASJ?PCnBC
    AMLRP?ŽM PŠNGB? RGNM ((  RCPŽM SK? A?N?AGB?BC K?GMP N?P? ?RGTGB?BCQ BC ASPR? BSP?ŽM C BC EP?LBC GLRCLQGB?BC  MS
    A?N?AGB?BC?L?CP™@G? BMOSC?OSCJCQAMKOS?LRGB?BCK?GMPBC¤@P?QBCAMLRP?ŽMJCLR?RGNM( 

    +6DE65242A24:52562?26C3:2
    $KTCXBCKCBGPN?P‹KCRPMQK?PA?BMPCQ¤QGMJ™EGAMQN?PoGASJ?PCQ ?K?GMPG?BMQRCQRCQBCA?N?AGB?BC?L?CP™@G?OS?LRG¤A?
    MBCQCKNCLFMCKR?PCD?QOSCBCNCLBCKDMPRCKCLRCB?Q”LRCQCBC 3/ NMPKCGMB?QTG?QEJGAMJ”RGA?QCBMQDMQD?E‘LGMQBM
    KžQASJM CK CVCPA”AGM 3?JTCX M RCQRC K?GQ NMNSJ?P BC NMR‘LAG? ?L?CP™@G? QCH? M D5CD5 45 -9>71D5  BCQCLTMJTGBM NMP
    NCQOSGQ?BMPCQ BM CVCPA”AGM LM 6GLE?RC (LQRGRSRC  CK (QP?CJ 4K AGAJMCPEšKCRPM  SRGJGX?BM L? PC?​JG​X?ŽM BCQQC RCQRC
    NCQQM?CKRCQRCAMKC?NCB?J?LBMMK?GQPŠNGBMNMQQ”TCJAMKPCQGQR‘LAG?K”LGK?4K?TCXOSC?TCJMAGB?BCKŠVGK?BC
    NCB?J?B? QCH? ?JA?L?B?  SK? PCQGQR‘LAG? CQNCA”¤A? NMP OSGJMEP?K? BC K?QQ? AMPNMP?J  ?NJGA?B? ?@PSNR?KCLRC N?P?
    AMKC?PMRCQRCBC:7905;BCQCESLBMQ PCQGQR‘LAG?N?P?FMKCLQLŽMRPCGL?BMQIEK?QQ?AMPNMP?JIE  CN?P?
    KSJFCPCQ IE  K?QQ? AMPNMP?J IE     $QQ?Q PCQGQR‘LAG?Q DMP?K CQAMJFGB?Q NMPOSC CJ?Q DMPLCACK Q NCQQM?Q LŽM
    RPCGL?B?Q ? KCJFMP NMQQG@GJGB?BC BC ?JA?L?P M K?GMP NGAM BC NMR‘LAG? /?P? SK ?RJCR? RPCGL?BM  ? PCQGQR‘LAG? NMBC QCP
    ?SKCLR?B?  CLOS?LRM N?P? MSRP?Q NMNSJ?CQ  AMKM GBMQMQ MS APG?L?Q  ? PCQGQR‘LAG?  BGKGLS”​B?  NCQQM? AML​RG​LS?
    NCB?J?LBMMK?GQPŠNGBMNMQQ”TCJBSP?LRCRMBMMRCQRCBCQCESLBMQ3?LRMMNGAMOS?LRM?KBG?B?NMR‘LAG??L?CP™@G?
    QŽMBCPGT?BMQSRGJGX?LBM?PCQGQR‘LAG?NCB?J?B?C?OS?LRGB?BCBCPCTMJSCQAMKNJCR?B?QBSP?LRCMKCJFMPGLRCPT?JMBC
     Q K?GMP OS?LRGB?BC BC PCTMJSCQ AMKNJCR?B?Q  C M RMR?J BC  QCESLBMQ  PCQNCARGT?KCLRC /?P? SK FMKCK LŽM
    RPCGL?BM MNGAMBCNMR‘LAG?BCACPA?BC 6\IEZBCK?QQ?AMPNMP?JQCPG?AMLQGBCP?BMLMPK?J CLOS?LRM?NMR‘LAG?
    KBG? NMBCPG? QCP BC ?NPMVGK?B?KCLRC   6 \ IEZ BC K?QQ? AMPNMP?J .Q T?JMPCQ KBGMQ BC NGAM C BC KBG? BC
    NMR‘LAG?CLRPCKSJFCPCQLŽMRPCGL?B?QQŽMBC?NPMVGK?B?KCLRC C 6\IEZBCK?QQ?AMPNMP?J PCQNCARGT?KCLRC
    .SRP?QKCBGB?QR?K@KNMBCKQCPBCRCPKGL?B?QAMKMRCQRCBC6GLE?RC$QQ?QKCBGB?QGLAJSCKMRP?@?JFMRMR?JPC?​JG​
    X?BMBSP?LRCRMBMMRCQRCBCQCESLBMQCM”LBGACBCD?BGE?BMNGAMBCNMR‘LAG??R?KCLMPNMR‘LAG?BSP?LRCMRCQRC
    NGAMBCNMR‘LAG?ZKCLMPNMR‘LAG?NGAMBCNMR‘LAG? 
    4KBMQRCQRCQK?GQ?LRGEMQCNMNSJ?PCQN?P??KCBGB?B?NMR‘LAG??L?CP™@G?MD5CD5455C314145#1B71B91$QQC
    RCQRCPCOSCPNMSAMQCOSGN?KCLRMQQM¤QRGA?BMQCQA?B?A?B?BCEP?SAMKKKBC?JRSP? CR?NCRCQAMKQCLQMPCQOSC
    CQRŽMAMLCAR?BMQ?SKAPMLšKCRPMOSCNMBCKKCBGP?RACLRQGKMQBCQCESLBM.QR?NCRCQCQRŽMJMA?JGX?BMQLMMCLM
    MBCEP?SB?CQA?B?.GL​BG​T”​BSMAMKC?MRCQRCAMPPCLBMCQA?B??AGK?MK?GQPŠNGBMNMQQ”TCJSQ?LBMRMBMQMQBCEP?SQ
    .RCKNME?QRMCLRPCMMCMMBCEP?SQ ?BGQR‹LAG?TCPRGA?JCLRPCMMCMMBCEP?SQC?K?QQ?AMPNMP?JQŽMSRGJGX?BMQ
    N?P?A?JASJ?P?NMR‘LAG?$KFMKCLQLŽMRPCGL?BMQ ?NMR‘LAG?KBG?N?P?MRCQRCBCCQA?B?BC,?PE?PG?BCACPA?BC
    6 \ IEZ BC NCQM AMPNMP?J  CLOS?LRM KSJFCPCQ LŽM RPCGL?B?Q ?NPCQCLR?K T?JMPCQ BC ?NPMVGK?B?KCLRC  6 \ IEZ BC
    K?QQ?AMPNMP?J
    .SRPMRCQRCN?P?OS?LRG¤A?P?A?N?AGB?BC?L?CP™@G?OSCPCOSCPNMSAMCOSGN?KCLRMQM¤QRGA?BMMD5CD51>15Bs29?5=
    5CD59B1 $QQC RCQRC KCBC ? NMR‘LAG? ?LCP™@G? NCJ? AMPPGB? QM@PC SK? CQRCGP? KMRMPGX?B? NPMEP?K?B? CK SK? EP?LBC
    GLAJGL?ŽM   CK SK? TCJMAGB?BC BC   IK \ FZ  NCQQM? AMKC? ? QCQQŽM QS@GLBM L? CQRCGP?  OSC HŠ DMG
    NPMEP?K?B? L? GLAJGL?ŽM C L? TCJMAGB?BC NPCBCRCPKGL?B?Q  AMK ?Q NCPL?Q ?D?QR?B?Q C MQ NQ ?NMG?BMQ DMP? B? CQRCGP?
    PMJ?LRC0S?LBMCQRŠNPMLR? ?NCQQM?BCGV?P?NGB?KCLRC?NMQGŽMBCNCPL?Q?D?QR?B?QCAMKC??AMPPCP0S?LBMLŽM
    K?GQA?N?XBCK?LRCPMPGRKM CJ?QCESP?MQ?NMGMQB?CQRCGP?CPCRMPL?N?P??NMQGŽMBCNCPL?Q?D?QR?B?Q ?ROSC?CQRCGP?
    N?PC/?P?QCESP?L? PCAMKCLB?BMOSCCKA?B?J?BMB?CQRCGP?F?H?SKM@QCPT?BMPN?P??HSB?P?NCQQM??PCRMPL?PN?P?
    ?NMQGŽMBCNCPL?Q?D?QR?B?QLMNMLRMBCCV?SQRŽM A?N?AGB?BC?LCP™@G?A?P?ARGX?B?NCJ?OS?LRGB?BCBCQCESLBMQOSC
    MN?PRGAGN?LRCA?N?XBCAMPPCP?LRCQB?MAMPP‘LAG?B?CV?SQRŽM1CQSJR?BMQKMQRP?P?KOSC?KBG?BMRCKNMBCAMPPGB?
    N?P?FMKCLQLŽMRPCGL?BMQQCH?BCQCESLBMQ CLOS?LRMFMKCLQ?BSJRMQRPCGL?BMQNMBCKRMJCP?P?GLAJGL?ŽMCMPGRKM
    GLRCLQMB?CQRCGP?NMPQCESLBMQ
    3?JTCX M KMBM K?GQ QGKNJCQ C NMNSJ?P BC KCBGP ? NMR‘LAG? ​KSQASJ?P BMQ ​KžQASJMQ B?Q NCPL?Q QCH? AMK M D5CD5 45
    9=@E<Cj?F5BD931<$QQCRCQRCAMLQGQRCCKKCBGP?NCL?Q??JRSP?BMQ?JRMTCPRGA?JMSMAŠJASJMB?NMR‘LAG?NPMBSXGB?-?
    QS? DMPK? K?GQ QM¤QRGA?B?  NMBC QCP SRGJGX?B? SK? NJ?R?DMPK? BC DMP? N?P? ? KCBGB? B? NMR‘LAG?  @CK AMKM MSRP?Q
    KCBGB?Q  AMKM ? R?V? BC BCQCLTMJTGKCLRM BC DMP? BSP?LRC M Q?JRM 4K žLGAM COSGN?KCLRM N CV  QGQRCK? BC RCQRC BC
    GKNSJQM TCPRGA?J 5CPRCAl  5CPRCA  (LA  /CLQ?AMJ?  %+   SRGJGX?BM DPCOSCLRCKCLRC N?P? BCRCPKGL?P ? ?JRSP? BM GKNSJQM
    TCPRGA?J %GESP?   $QQC COSGN?KCLRM RCK ?JCR?Q PCKMT”TCGQ OSC NMBCK QCP AMJMA?B? CK ?JRSP?Q NPCBCRCPKGL?B?Q
    ,?LRCLBM QC CK N  ?@?GVM B?Q ?JCR?Q  AMK MQ NQ QCN?P?BMQ ?NPMVGK?B?KCLRC NCJ? BGQR‹LAG? BM OS?BPGJ  M GL​BG​T”​BSM
    ?JA?L??K?GMP?JRSP?NMQQ”TCJAMKM@P?MBMKGL?LRCCRMA?L??JCR?K?GQ?JR?NMQQ”TCJ OSC??JRSP?BC?JA?LAC.RCQRC
    BCGKNSJQMBCQAPGRM?OSGSKQ?JRMQCKAMLRP?KMTGKCLRMBSP?LRCMOS?JMQSHCGRMQCNMQGAGML??@?GVMB?Q?JCR?Q BM@P?
    QCSQHMCJFMQ?NPMVGK?B?KCLRCe?LRCQBMQ?JRMCK?LRKCQQ?NMQGŽMNMPMSQCESLBMQ?LRCQBMQ?JRM/MPK N?P?
    ?JESLQ?RJCR?Q AMKM@JMOSC?BMPCQLMTšJCGMSHME?BMPCQBC@?QOSCRC R?K@KNMBCQCPPC?​JG​X?BMSKGKNSJQMSRGJGX?LBM
    SK??@MPB?ECKAMKKSGRMQN?QQMQ0S?LBMCQRGTCPNPMLRM MGL​BG​T”​BSMQ?JR?B?NMQGŽMBCHMCJFM¥CVGML?BMCKeM
    K?GQ ?JRM NMQQ”TCJ  SRGJGX?LBM SK KMTGKCLRM BC @P?M LMPK?J N?P? NSJ?P -M ?SEC BM NSJM  MQ @P?MQ C MQ BCBMQ QŽM
    CQRCLBGBMQ C ? K?GMP OS?LRGB?BC NMQQ”TCJ BC ?JCR?Q  RMA?B? C CKNSPP?B? N?P? M J?BM GQQM BCQGEL? ? ?JRSP? KŠVGK? BM
    GKNSJQM BGQR‹LAG?CKACLR”KCRPMQAK CLRPC??JRSP??JA?L?B?C??JRSP?KŠVGK?BMGKNSJQMRMK?B?AMKM?KCBGB?
    BMGKNSJQMTCPRGA?J2ŽMPC?​JG​X?B?QRCLR?RGT?Q AMKKGLBCGLRCPT?JMCLRPCA?B?Q?JRMQSACQQGTM ?JRSP?BMK?GMPQ?JRM
    ?JA?L?BMSRGJGX?B?LMPK?JKCLRCN?P???LŠJGQC CKTCXBCSK?KBG?CLRPC?QRCLR?RGT?Q PC?​JG​X?ŽMBCQQCRCQRCBC
    NMR‘LAG?NMBCQCPA?JASJ?B?QCH?SRGJGX?LBMMQB?BMQ@PSRMQ GQRM ?OS?LRGB?BCBCACLR”KCRPMQQ?JR?BMQ CAMKN?P?LBM MQ
    AMK ?Q LMPK?Q ?NPMNPG?B?Q ?M GL​BG​T”​BSM MS SRGJGX?LBM SK? D™PKSJ? N?P? AMLTCPRCP MQ ACLR”KCRPMQ Q?JR?BMQ CK U?RRQ
    5ŠPG?Q COS?CQ DMP?K BCQCLTMJTGB?Q N?P? CQRGK?P ? NMR‘LAG? BC NGAM B? ?JRSP? BM GKNSJQM TCPRGA?J  #C ?AMPBM AMK
    2?WCPQ,;(3 MQPCQSJR?BMQBCSKQ?JRMQCKAMLRP?KMTGKCLRM AMKMBCQAPGRM?LRCPGMPKCLRC NMBCK?DCPGPNPCAGQ?KCLRC
    ?NMR‘LAG?BCNGAMAMKMSQMB?QCESGLRCCOS?ŽM
    /GAMBCNMR‘LAG?6  ?JRSP?CKAKBMQ?JRM   K?QQ?AMPNMP?JCKIE Z
    QQGK SKFMKCKBCIEOSCQ?JR?AKKMQRP?PG?SKNGAMBCNMR‘LAG?BC6 CKOSC
    6     Z
    #C ?AMPBM AMK ?Q LMPK?Q CLAMLRP?B?Q L? 3?@CJ?   GQQM AMJMA?PG? SK FMKCK BC  ?LMQ BC GB?BC L? A?RCEMPG?
    YP?XMŠ​TCJ^
    .NGAMBCNMR‘LAG?BSP?LRCSKQ?JRMAMKAMLRP?KMTGKCLRMNMBCQCPA?JASJ?B?AMKNPCAGQŽMAMK?QCESGLRCCOS?ŽM
    /GAMBCNMR‘LAG?6  ?JRSP?CKAKBMQ?JRM  K?QQ?AMPNMP?JCKIEZ 
    #CQQ?K?LCGP? SKFMKCKBCIEOSCQ?JR?AK?NPCQCLR?PG?SKNGAMBCNMR‘LAG?CKU?RRQ CKOSC
     6 AK  IEZ 
    86DA0  +<4@D8?0<4=C>,4AC42®2><0;4C0B<{E48B?>34DB03>?0A034C4A<8=0A00;CDA03>B0;C>
    ;FNOL;>;M;F?N;MJI>?M?L;DOMN;>;J;L;;N?H>?L;J?MMI;M>?;FNOL;M>C@?L?HN?M?=IG=;J;=C>;>?>?M;FNIP?LNC=;F
    G†RCGI

     CQAMJF? BM RGNM BC RCQRC BC Q?JRM BCNCLBC BM NPMN™QGRM BM RCQRC /?P? ? ?NRGBŽM D”QGA?  SK Q?JRM AMK MS QCK
    AMLRP?KMTGKCLRM NMBC QCP PC?​JG​X?BM $LRPCR?LRM  N?P? ?RJCR?Q  M RGNM BC Q?JRM SRGJGX?BM CK QCS CQNMPRC  CQAMJFGBM
    LMPK?JKCLRCN?P?MQM@HCRGTMQBMRCQRC
    .SRPM KRMBM SRGJGX?BM AMKSKCLRC N?P? KCBGP ? TCJMAGB?BC C ? NMR‘LAG? ​KSQASJ?P ?L?CP™@G?  M RCQRC BC AMPPGB? BC
    TCJMAGB?BC$QQCRCQRCQGKNJCQKCLRCEP?T??OS?LRGB?BCBCRCKNMLCACQQŠPG?N?P?NCPAMPPCPBCRCPKGL?B?BGQR‹LAG?BSP?LRC
    SK?AMPPGB?AMKMCQDMPMKŠVGKM.RCQRCBC?PP?LAMBC KSRGJGX?BMECP?JKCLRCNMPOSCCQQ?BGQR‹LAG?ASPR?M
    @?QR?LRCN?P?DMPLCACPSK?KCBGB?TŠJGB?B?NMR‘LAG?CB?TCJMAGB?BC CLŽMBC,5+<9(5*,0S?JOSCPRCQRCBCAMPPGB?BC
    TCJMAGB?BCNMBCQCPPC?​JG​X?BMCKSK?K@GCLRCBCA?KNMCKTCXBCCKSKJ?@MP?R™PGM HŠOSCLŽMPCOSCPL?B??JKBM
    OSCSKAPMLšKCRPMN?BPŽMMSSKQGQRCK?BCK?PA?ŽMBCRCKNMCJCRPšLGAMCSK?​ŠPC?NJ?L?OSCDMPLC?SK@MK?RPGRM
    BSP?LRC??PP?LA?B?"MKMRMBMQMQRCQRCQBCNMR‘LAG?CKOSCMQ​KžQASJMQCVCASR?KAMLRP?CQCVNJMQGT?QKŠVGK?Q 
    GKNMPR?LRC OSC ? NCQQM? MS M ?RJCR? QC ?OSC? ?BCOS?B?KCLRC ?LRCQ BC RCLR?P M RCQRC BC ?PP?LA?B? BC   K 2ŽM
    SRGJGX?BMQAMLCQMSK?PA?BMPCQN?P?BCQGEL?P?QJGLF?QBCGL”AGMCBC¤KBMRCQRC/MBCKQCPSRGJGX?B?QTŠPG?QNMQGCQBC
    GL”AGM BCNCLBCLBMBMRGNMBC?RJCR?OSCCQRŠQCLBMRCQR?BM NMQGŽMR”NGA?BCGL”AGMBCAMPPGB?BCTCJMAGB?BC AMK?Q
    KŽMQL?JGLF?BCGL”AGM SK?NCPL?L?NMQGŽMBM@P?B? AMKMHMCJFM?@?GVMBMKCLRMC?MSRP?NCPL?CKCVRCLQŽMOS?QC
    AMKNJCR? ?RPŠQ B? NCQQM?  LMPK?JKCLRC SRGJGX?B? $LRPCR?LRM  SK? NMQGŽM GLGAG?J TCPRGA?J  AMK MQ NQ @?J?L?LBM
    JCTCKCLRCN?P?DPCLRCCN?P?RPŠQ NMBCQCPK?GQ?NPMNPG?B?N?P??RJCR?QOSCAMKC?K??PP?LA?B?BCQS?QNMQGCQ AMKM
    PCAC@CBMPCQBCDSRC@MJ?KCPGA?LMMSHME?BMPCQBCDSRC@MJ$LRPCR?LRM ?NMQGŽMR”NGA?BMDSRC@MJ?KCPGA?LMBCNMLRMQ
    BC FMKCLQ BC JGLF? MDCLQGT?  K?GQ ?NPMNPG?B? N?P? CQQCQ ?RJCR?Q (LBCNCLBCLRCKCLRC B? NMQGŽM GLGAG?J SRGJGX?B?
    LCLFSK?N?PRCBMAMPNMNMBCQCPCQRCLBGB??JKB?JGLF?BCN?PRGB?.RCQR?BMP OSCQCESP?MAPMLšKCRPM QCNMQGAGML?
    L?JGLF?BCAFCE?B?.RCQR?BMPAMKC?MRCQRCBC?PP?LA?B?BC K?LSLAG?LBMMAMK?LBMBCGL”AGMCLOS?LRMGLGAG?
    QGKSJR?LC?KCLRCMAPMLšKCRPM.?RJCR?AMPPCMK?GQPŠNGBMNMQQ”TCJ?R?JGLF?BCAFCE?B? MLBCN?P?MAPMLšKCRPMC
    K?PA?MRCKNM?RMACLRQGKMBCQCESLBMK?GQNP™VGKM&CP?JKCLRC QŽMDCGR?Q?PP?LA?B?QQCN?P?B?QNMPGLRCPT?JMQBC
    ?KGLCMKCJFMPRCKNMQCJCAGML?BMAMKMPCNPCQCLR?RGTMBMBCQCKNCLFMBMRCQRC/?P?DMPLCACPSKAMLQCLQMB?
    KBG?BMQRCKNMQN?P?MRCQRCBC?PP?LA?B?BC K SKFMKCKBC??LMQBCGB?BCRCPG?BCAMPPCPMQ KCK
      QCESLBMQ  CLOS?LRM SK? KSJFCP AMK ? KCQK? GB?BC BCTC RCP SK RCKNM BC   QCESLBMQ N?P? ¤A?P LM M
    NCPACLRGJ3?K@KCVGQRCKLMPK?QN?P?TŠPGMQEPSNMQBC?RJCR?QNCV ??BGTGQŽMBCHME?BMP?QBCTšJCGDCKGLGLMB?
    -" CHME?BMPCQBCDSRC@MJB??BGTGQŽMR‘KRCKNMQKBGMQBC KBC CBC QCESLBMQ PCQNCARGT?KCLRC

    '-.18-
    !;>9-?1/8-??5G/-ed;0101?19<1:4;<->-;@1?@10159<A8?;B1>@5/-8?19
    /;:@>-9;B591:@;*

    3034B4G> G24;4=C4 #D8C>1>< >< (0H>o​E4; (D8<


    ?
    'MKCLQ  ? ? ? 
    ,SJFCPCQ  ? ? ? 
    ?
    'MKCLQ  ? ? ? 
    ,SJFCPCQ  ? ? ? 
    ?
    'MKCLQ  ? ? ? 
    ,SJFCPCQ  ? ? ? 
    ?
    'MKCLQ  ? ? ? 
    ,SJFCPCQ  ? ? ? 

    %MLRC3FC"?L?BG?L/FWQGA?J ARGTGRW %GRLCQQ+GDCQRWJC NNP?GQ?J"2$/ 'C?JRF%GRLCQQ/PMEP?KQ'C?JRF 1CJ?RCB


    NNP?GQ?J?LB"MSLQCJGLE2RP?RCEWPBCB 1CGKNPCQQMAMK?NCPKGQQŽMBC"?L?BG?L2MAGCRWDMP$VCPAGQC
    /FWQGMJMEW

    2E@C6DBF6276E2>2A@Ey?4:22?26C3:26E6DE6D56G6=@4:5256
    $K@MP? MQ RCQRCQ BCQAPGRMQ ?LRCPGMPKCLRC QCH?K NPMHCR?BMQ N?P? OS?LRG¤A?P ? A?N?AGB?BC BMQ h žQASJMQ CQOSCJRGAMQ BC
    ECP?PNMR‘LAG?NMPTG?Q?L?CP™@G?Q MSRPMQD?RMPCQ?JKB?QA?P?ARCP”QRGA?QD”QGA?QGL?R?QGL¥SCLAG?KMBCQCKNCLFMBMGL _ G*
    T”​BSMMSBM?RJCR? JESLQBCJCQNMBCK?RQCPBCMPGECKNQGAMJ™EGA? AMKM?KMRGT?ŽMBMGL​BG​T”​BSMN?P?PC?​JG​X?PQCS
    KCJFMP JKBGQQM ?F?@GJGB?BCN?P?PC?​JG​X?P?JESLQBMQKMTGKCLRMQNMBC?JRCP?PMBCQCKNCLFM(QQMN?P​RGASJ?P​KCLRC
    TCPB?BCN?P?RCQRCQBCAMPPGB?BCTCJMAGB?BC CKOSCMNMQGAGML?KCLRMAMPNMP?J?BCOS?BML?JGLF?BCN?PRGB? @CKAMKM
    ?Q?”​B?BCQQ?NMQGŽMC?RP?LQGŽMN?P?SK??PP?LA?B?AMKNJCR?P?NGB?KCLRC QŽMCQQCLAG?GQN?P?MBCQCKNCLFM™RGKM#C
    K?LCGP? QGKGJ?P  ?JESK EP?S BC AMMPBCL?ŽM  LCACQQŠPGM BSP?LRC MQ RCQRCQ BC Q?JRMQ TCPRGA?GQ N?P? E?P?LRGP OSC ? ?JRSP?
    KŠVGK?K?PA?B?MAMPP?LM?SECBMCQDMPMCQCH?KCBGB?AMPPCR?KCLRC.SRP?T?​PGŠ​TCJGKNMPR?LRCOSCAMLRPG@SGN?P?M
    BCQCKNCLFMBCNMR‘LAG??AMKNMQGŽMBMRGNMBC¤@P? h SQASJ?P"MKM?NMR‘LAG?SK?CVNPCQQŽMCVNJMQGT?MSPŠNGB?
    B? NPMBSŽM BC DMP?  ?OSCJCQ AMK ?JR? NMPACLR?ECK BC ¤@P?Q BC AMLRP?ŽM PŠNGB? MS RGNM ((  N?P oGASJ?P
    h CLRC LMQ *
    KžQASJMQOS?BP”ACNQDCKMP?GQOSCQŽMCLD?RGX?BMQLMPK?JKCLRCLMQRCQRCQ RCLBCK??NPCQCLR?PK?GMPNMR‘LAG?$HŠ
    OSC KSGRMQ BCQQCQ RCQRCQ PCOSCPCK M KMTGKCLRM BM AMPNM GLRCGPM CLOS?LRM QC CQA?J?  Q?JR? MS AMPPC  ? AMKNMQGŽM
    AMPNMP?J  SK D?RMP  SK? TCX OSC  SK NPCHS”​XM N?P? M BCQCKNCLFM RCP BC KMTCP MS GKNSJQGML?P K?GMP OS?LRGB?BC BC
    K?QQ? AMPNMP?J LŽM AMLRPŠRGJ QQGK  ?OSCJCQ AMK SK? PCJ?ŽM KCJFMP BC K?QQ? ​KSQASJ?PK?QQ? BC EMPBSP? R‘K
    BCQCKNCLFMKCJFMPL?K?GMPG?BMQRCQRCQBCNMR‘LAG? 
    ! 

    %56D6>A6?9@6>2=8F?D6G6?E@D6DA@CE:G@D6DEs=:825@5:C6E2>6?E6u42A24:52562?26C3:256EC232=9@5@​>ƒD4F=@
    +>2 2E:G:5256 BF6 x 56 ?2EFC6J2 56 2=E2 :?E6?D:5256 6 4FCE2 5FC2wv@ 6 BF6 2AC6D6?E2 6D7@Cw@ ​>FD4F=2C >sI:>@ @F ACI:>@ 2@
    >sI:>@56A6?567@CE6>6?E65242A24:52565@2E=6E26>AC@5FJ:C6?6C8:2A6=2DG:2D2?26C3:2D&6*&:?EC2​>FD4F=2C8=:4=:D6
    #F:E@DE6DE6DA@56>D6CFE:=:J25@DA2C2>65:C@56D6>A6?9@2?26C3:@:?4=F:?5@@E6DE656:>AF=D@G6CE:42=@E6DE656-:?82E66
    @DE6DE6D564@CC:5256G6=@4:5256
    %FEC@D72E@C6D4@>@2>@E:G2wv@62923:=:5256A6DD@2:DA@56>E6C:>A24E@?@56D6>A6?9@?@DE6DE6D56G6=@4:52566A@Ey?4:2
    2?26C3:2D

    >As0​<DB2D;0A

    #C K?LCGP? QGKNJG¤A?B?  6?Bk1  ? RCLQŽM KŠVGK? CVCPAGB? BSP?LRC SK CQDMPM žLGAM KŠVGKM  DMP? R?JTCX QCH? M
    N?P‹KCRPM BC ?NRGBŽM K?GQ PCESJ?PKCLRC RCQR?BM NMPOSC  SK AMKNMLCLRC BM AMLBGAGML?KCLRM D”QGAM  @CK AMKM B?
    ?NRGBŽM CQNMPRGT? M AMLRPŠPGM B? NMR‘LAG? ​KSQASJ?P MS B? TCJMAGB?BC  ? CVNPCQQŽM B? DMP? ​KSQASJ?P LŽM BCK?LB?
    KMTGKCLRM LCK BGQR‹LAG? ? QCP NCPAMPPGB? -? PC?JGB?BC  ? KCBGB? B? DMP? BCQCLTMJTGB? BSP?LRC SK? AMLRP?ŽM
    GQMKRPGA?QCKKMTGKCLRMTGQ”TCJ SKKRMBMSRGJGX?BMAMKSKCLRCN?P?OS?LRG¤A?P?DMP?KSQASJ?P$OSGN?KCLRMQ
    QGKNJCQOSC?NPCQCLRCKQCLQMPCQBCDMP?AMLQCESCK?DCPGPAMK?ASPŠAG??DMP?CVCPAGB?NCJMQ​KžQASJMQCKAMLRP?ŽM
    .Q BGL?KšKCRPMQ C RCLQGšKCRPMQ BC NPCCLQŽM K?LS?J QŽM @MLQ CVCKNJMQ BC BGQNMQGRGTMQ SRGJGX?BMQ N?P? ?DCPGP ? DMP?
    BSP?LRCAMLRP?CQGQMKRPGA?Q
    $LRPCR?LRM MSRPMQRCQRCQN?P?KCBGPDMP?CLD?RGX?KMKMTGKCLRMBCSK?N?PRCCQNCA”¤A?BMAMPNMNMPBCRCPKGL?B?
    ?KNJGRSBC BC KMTGKCLRM $JCQ NMBCK CLTMJTCP AMLRP?CQ AMLA‘LRPGA?Q CLASPR?KCLRM  MS CVA‘LRPGA?Q ?JMLE?KCLRM
    BSP?LRC?QD?QCQBCSK?PCNCRGŽMBCRPCGL?KCLRMBCCVCPA”AGMQBCPCQGQR‘LAG? MS K?GQAMKSKCLRC SK?AMK@GL?ŽMBMQ
    BMGQCLOS?LRMQCAMKNJCR?SK?PCNCRGŽMGLRCGP?5ŠPGMQRGNMQBCCOSGN?KCLRMQAMKSK??KNJ?D?GV?BCNPCMQ NMBCK
    QCPSRGJGX?BMQN?P?DMPLCACPPCQGQR‘LAG?C?DCPGP?A?N?AGB?BCBCMQ ​KžQASJMQ NPMBSXGPDMP?KŠVGK?/MPCVCKNJM NCQMQ
    JGTPCQ NMBCK QCP SRGJGX?BMQ CDCRGT?KCLRC  @CK AMKM KŠOSGL?Q BC NCQMQ AMK NCQMQ ¤VMQ  KŠOSGL?Q OSC CKNPCE?K
    PCQGQR‘LAG?NLCSKŠRGA?CKCQKMBGL?KšKCRPMQA?PMQCQM¤QRGA?BMQ
    4K RCQRC NMNSJ?P BC DMP?  M D5CD5 45 49>1=t=5DB? 45 @B55>Cj?  OSC KCBC M BCQCLTMJTGKCLRM BC DMP? NCJMQ
    ¥CVMPCQ BC BCBM BSP?LRC SK? ?ŽM GQMKRPGA? $QQC RCQRC RCK ? T?LR?ECK BC QCP BC DŠAGJ SQM QGKNJCQ  @?P?RM C PŠNGBM
    JKBGQQM CK@MP??DMP?BM?LRC@P?MCBMQ​KžQASJMQB?KŽMQCH?OS?LRG¤A?B?BGPCR?KCLRC NCQOSGQ?QKMQRP?P?KOSC
    MQPCQSJR?BMQBMRCQRCBCBGL?KšKCRPMBCNPCCLQŽMQCAMPPCJ?AGML?KQGELG¤A?RGT?KCLRCAMKKCBGB?Q?JRCPL?RGT?QBCDMP?
    CK@MP? CVGQR? SK? T?PG?@GJGB?BC AMLQGBCPŠTCJ CLRPC ? DMP? BC NPCCLQŽM C ?OSCJ? BC TŠPGMQ EPSNMQ ​KSQASJ?​PCQ -ŽM
    M@QR?LRC  MQ PCQSJR?BMQ BM RCQRC BC BGL?KšKCRPM BC NPCCLQŽM QŽM SRGJGX?BMQ AMKSKCLRC AMKM SK? KCBGB? NPŠRGA? C
    AML¤ŠqCJB?DMP?B?N?PRCQSNCPGMPBMAMPNM
    /?P?PC?​JG​X?PMRCQRC MBGL?KšKCRPMRCKBCQCP?HSQR?BM?BCOS?B?KCLRCN?P?QC?B?NR?P?MR?K?LFMB?KŽM KŽMBM
    GL​BG​T”​BSM C M BGL?KšKCRPM NPCAGQ?K CQR?P QCAMQ N?P? NPCTCLGP M BCQJGX?KCLRM OS?LBM M BGL?KšKCRPM DMP ?NCPR?BM
    NCQQM?CLRŽM?E?PP?MBGL?KšKCRPMBCNPCCLQŽMC CKSK?NMQGŽMAMKMOS?BPGJJCTCKCLRC¥CRGBM CQRCLBCM@P?MN?P?
    DPCLRCAMKJCTC¥CVŽMBCAMRMTCJM AMKMKMQRP?BML?%GESP?vGKNMPR?LRCOSCM@P?MLŽMCLAMQRCCKLCLFSK?
    N?PRC BM AMPNM MS CK JSE?P ?JESK 0S?LBM CQRGTCP NPMLRM  M GL​BG​T”​BSM ?NCPR? M BGL?KšKCRPM AMK M CQDMPM KŠVGKM
    CLOS?LRM K?LRK M AMPNM C M @P?M N?P?BMQ 2ŽM PC?​JG​X?B?Q  RCLR?RGT?Q AMK A?B? KŽM . T?JMP K?GQ ?JRM CK
    OSGJMEP?K?Q N?P??KŽMCQOSCPB?NMBCQCPQMK?BM?MT?JMPK?GQ?JRMB?KŽMBGPCGR?N?P?NPMBSXGPSK?NMLRS?ŽM¤L?J
    .QPCQSJR?BMQNMBCKQCPCVNPCQQMQCKT?JMPCQ?@QMJSRMQ GQRM OSGJMEP?K?QRMR?GQBCDMP?ECP?B?MSCKRCPKMQPCJ?RGTMQ
    BGTGBGLBMMPCQSJR?LBMNCJ?K?QQ?AMPNMP?JCKOSGJMEP?K?Q QPCDCP‘LAG?QN?P?MRCQRCBCDMP?BCNPCCLQŽMCKRCPKMQ
    ?@QMJSRMQCQRŽMKMQRP?B?QL?3?@CJ?
    86DA0   +< 38=0<|<4CA> 34 ?A44=Br> <434 > 34B4=E>;E8<4=C> 34 5>As0 8B><tCA820 3>B K4G>A4B 34
    343>BMJIHNO;‹™?MG†RCG;MJ;L;;G<;M;MGŠIMJI>?GM?LMIG;>;MJ;L;JLI>OTCLOG;JIHNO;‹ŠIVH;F?M?L
    =IGJ;L;>;M=IGP;FIL?M>?L?@?LH=C;

    '-.18-
    !;>9-?012;>e-01<>11:?d;73<;>2-5D-1@b>5-1?1D;<->---??;/5-ed;0-?
    9d;?05>15@-11?=A1>0-

    30340=>B 0 
    0 
    0  
    0 
    0 
    0
    )4G> #  #  #  #  #  # 
    $VACJCLRC            
    ,SGRM@MK ? ?  ?  ? ? ? ? ? ? ?
      ?  ?       
     
    !MK ? ?  ? ? ? ? ? ? ? ? ?
      ?         
    
    1?XMŠ​TCJ ? ? ? ? ? ? ? ? ? ? ? ?
               
    /PCAGQ?KCJFMP?P            

    %MLRC3FC"?L?BG?L/FWQGA?J ARGTGRW %GRLCQQ+GDCQRWJC NNP?GQ?J"2$/ 'C?JRF%GRLCQQ/PMEP?KQ'C?JRF 1CJ?RCB


    NNP?GQ?J?LB"MSLQCJGLE2RP?RCEWPBCB 1CGKNPCQQMAMK?NCPKGQQŽMBC"?L?BG?L2MAGCRWDMP$VCPAGQC
    /FWQGMJMEW
    .SRPMRCQRCN?P?OS?LRG¤A?P?DMP?? (#"MKMBGRM?LRCPGMPKCLRC MNCQMMS?PCQGQR‘LAG?KŠVGK?OSCNMBCQCP
    JCT?LR?B? BSP?LRC RMB? ? ?KNJGRSBC BC KMTGKCLRM N?P? SK žLGAM RCKNM CK BCRCPKGL?BM KMKCLRM $QQ? KCBGB?
    BGL‹KGA?B?DMP?SRGJGX?B?DPCOSCLRCKCLRCLMQSNGLMCL?3,.79,::AMKMKCBGB?QBCDMP?B?NMPŽMQSNCPGMPCGLDCPGMP
    BM AMPNM  PCQNCARGT?KCLRC LRCQ B? PC?​JG​X?ŽM BCQQCQ RCQRCQ  M QSHCGRM BCTC ¤A?P D?KGJG?PGX?BM AMK MQ KMTGKCLRMQ BM
    CVCPA”AGM4K?TCXOSCCQRCH?AMLDMPRŠTCJAMKMCOSGN?KCLRMCAMKMQKMTGKCLRMQ MGL​BG​T”​BSMBCTCPPC?​JG​X?P?JESK?Q
    PCNCRGCQJCTCQBCPCQGQR‘LAG?N?P??OSCAGKCLRM?LRCQB?QRCLR?RGT?QQSACQQGT?QK?GQNCQ?B?QBC1,$K@MP?MRCQRCBC
    1,N?PC?PCJ?RGT?KCLRCQGKNJCQ AMKMRMBMQMQRCQRCQ SKNPMRMAMJMBCTCQCPQCESGBMN?P?OSCQCH?KM@RGBMQPCQSJR?BMQ
    TŠJGBMQCAML¤ŠqCGQ!MVC 

    ,4&
     ,$D0"#)"
    ,-<-:516)dc7,- :-9=-:=58:7<7+747-;8-+ht+7
    $K@MP? M RCQRC BC SK? PCNCRGŽM KŠVGK?  1,  N?PC? QCP PCJ?RGT?KCLRC QGKNJCQ  CJC PCOSCP SK NPMRMAMJM
    CQNCA”¤AM ? QCP QCESGBM N?P? QCPCK M@RGBMQ PCQSJR?BMQ TŠJGBMQ C AML¤ŠT` GQ &CP?JKCLRC  N?P? BCRCPKGL?P ?
    PCNPMBSRG@GJGB?BCRCQRC PCRCQRC MS?CV?RGBŽMBMRCQRCBSP?LRCSK?RCQR?ECKPCNCRGRGT? MRCQRCPC?​JG​X?BMCKMS
    K?GQ MA?QGCQ /?P? OSC M RCQRC DMPLC? SK? @M? PCNPMBSRG@GJGB?BC RCQRC PCRCQRC  BCTC MAMPPCP NMSA? T?PG?ŽM LMQ
    RCQRCQ QSACQQGTMQ . NPMRMAMJM BC RCQRC ? QCESGP DMG KMQRP?BM RCLBM ?JR? PCNPMBSRG@GJGB?BC RCQRC PCRCQRC R?LRM CK
    FMKCLQOS?LRMCKKSJFCPCQ
    (LBCNCLBCLRCKCLRC BM CVCPA”AGM N?P? M OS?J SK?  1, T?G QCP BCRCPKGL?B?  BCTC F?TCP SK NCP”M​BM BC
    D?KGJG?PGX?ŽM?MCVCPA”AGMC?RMBMQMQNPMACBGKCLRMQBMRCQRC#SP?LRCMRCQRC ?PC?​JG​X?ŽM@CK QSACBGB?BCSK?
    PCNCRGŽMBCTCQCPBC¤LGB?AMKMRMB???KNJGRSBCBCKMTGKCLRMBCSK?PCNCRGŽMLMPK?JBMCVCPA”AGMCK?LRGB?
    AMLQR?LRC QCKNPC OSC ?  1, DMP RCQR?B? 3MB?Q ?Q NPCA?SCQ BC QCESP?L? N?P? SK CVCPA”AGM  AMKM MQ
    M@QCPT?BMPCQ  BCTCK QCP QCESGB?Q BSP?LRC RMBM M RCQRC . NPMACBGKCLRM BC RCQRC QCESGLRC NMBC QCP SRGJGX?BM N?P?
    BCRCPKGL?P1,
     4K?QPGCBC?OSCAGKCLRMBC?PCNCRGCQ??B?1,CQRGK?B?
     4K??QPGCBC?OSCAGKCLRMBC?PCNCRGCQ??B?1,CQRGK?B?
     4K?RCLR?RGT?BC1,CQRGK?B?
     2C?RCLR?RGT?BC1,DMP@CK QSACBGB? ?SKCLRC?PCQGQR‘LAG?CPC?JGXCMSRP?RCLR?RGT?
     2C?RCLR?RGT?BC1,LŽMDMP@CK QSACBGB? BGKGLS??PCQGQR‘LAG?CPC?JGXCSK?LMT?RCLR?RGT?
     2GE?MQN?QQMQCLŽMK?GQBMOSCRCLR?RGT?QBC1,
     2C?1,LŽMDMPBCRCPKGL?B?CKRCLR?RGT?Q D??AMKOSCMGL​BG​T”​BSMPCRMPLCMSRPMBG?N?P?MPCRCQRC
     QQPGCQBC?OSCAGKCLRMQŽMQCN?P?B?QNMPNCP”M​BMQBCBCQA?LQMBC?KGL
    0S?LBMSK?NCQQM?PC?​JG​X?MRCQRCBC1,N?P?SKCVCPA”AGMNCJ?NPGKCGP?TCX ?1,NMBCQCPCQRGK?B?NCJMQ
    PCQSJR?BMQBCRPCGL?KCLRMQNPTGMQMS@?​QC?​B?L?CVNCPG‘LAG?NPTG?BMRCQR?BMP N™QMRCQRCGLGAG?JBC1, ?
    1,CQRGK?B?@?​QC?​B?LMQPCQSJR?BMQBMQRCQRCQ?LRCPGMPCQ

    *P?CKCP6) 1?R?LCQ- %PW ",;(32RPCLERF3P?GLGLE#CTCJMNKCLR?LBCT?JS?RGMLMDKCRFMBMJMEW(L,?SB/ %MQRCP


    " CBGRMPCQ/FWQGMJMEGA?J QQCQQKCLRMD'SK?L%GRLCQQLBCB"F?K?N?GEL (+'SK?L*GLCRGAQZ

    2C?1,DMPPC?​JG​X?B?CKSKQSNGLMBCNCQMJGTPC MQSHCGRMNCPK?LCACBCAMQR?QN?P?M?QQCLRM @?PP?QSQRCLR?B?


    LMQ?NMGMQQSNCPGMPCQ.Q@P?MQQŽMCQRCLBGBMQN?P?AGK??¤KBC?E?PP?P?@?PP?AMKSK.9076=,9/(5+YCKNSLF?BSP?
    BMPQ?J^  AMK ?Q KŽMQ QCN?P?B?Q NCJ? BGQR‹LAG? BM MK@PM  @?PP?  JCT?LR?B? QM@PC M QSNMPRC C ?@?GV?B? BC K?LCGP?
    AMLRPMJ?B? C BCJG@CP?B? ?R OSC CLRPC CK AMLR?RM AMK M NCGRM  @?PP?  CLRŽM CKNSPP?B? BC TMJR? ?R OSC MQ @P?MQ
    CQRCH?K AMKNJCR?KCLRC CQRCLBGBMQ  AMKNJCR?LBM ? PCNCRGŽM  K?GMP OS?LRGB?BC BC NCQM OSC NMBC QCP SRGJGX?B? L?
    CVCASŽM ?NPMNPG?B? BM KMTGKCLRM AMKNJCRM  AMLQGBCP?B? ?  1, 2C M QSHCGRM CQRŠ SRGJGX?LBM NCQMQ JGTPCQ  SK
    M@QCPT?BMPBCTCCQR?PQCKNPCNPCQCLRCN?P?E?P?LRGP?QCESP?L?BMGL​BG​T”​BSM JRCPL?RGT?KCLRC SK?KŠOSGL?BCQSNGLM
    AMKNCQMQ¤VMQNMBCQCPSRGJGX?B? MOSCLŽMPCOSCP?NPCQCL?BMM@QCPT?BMP
    4KRCQRCNMNSJ?PN?P?BCRCPKGL?P?DMP?B?NMPŽMGLDCPGMPBMAMPNMM3,.79,::BC1,$JCPC?​JG​X?BMSRGJGX?LBM
    SK?KŠOSGL?BC3,.79,:: CKTCXBCNCQMQJGTPCQ#CLMTM MGL​BG​T”​BSMBCTCNPGKCGP?KCLRC¤A?P?AMQRSK?BMKŠOSGL?C
    PC?​JG​X?P ?JESK?Q PCNCRGCQ BC ?OSCAGKCLRM ?LRCQ B?Q RCLR?RGT?Q BC  1, #CTC QCP LMR?BM OSC MQ BGDCPCLRCQ ?N?PCJFMQ
    e  3,. 79,:: CK QSNGLM  SRGJGX?BMQ N?P? PC?​JG​X?P M 3,. 79,:: PCOSCPCK OSC ?Q ?P​RGASJ?CQ CQRCH?K QG​RS?​B?Q CK ‹LESJMQ
    BGDCPCLRCQ LMQ NJ?LMQ FMPGXMLR?J C TCPRGA?J $QQ?Q BGDCPCL?Q ?DCR?K ? OS?LRGB?BC BC PCQGQR‘LAG? OSC NMBC QCP SQ?B? N?P?
    AMKNJCR?P SK? PCNCRGŽM GLBCNCLBCLRCKCLRC B? KŠOSGL? SRGJGX?B? M GLBGTGBSM BCTC K?LRCP QS? NMQGŽM ?E?PP?LBM ?Q
    ?J?QJ?RCP?GQ?AMNJ?B?Q?M?QQCLRMB?KŠOSGL? ?KNJGRSBCBCKMTGKCLRMBCTCDMPK?PSK‹LESJMBCeBMHMCJFMN?P?
    SK? NMQGŽM CK OSC MQ HMCJFMQ CQRCH?K NJCL?KCLRC CQRCLBGBMQ .Q NQ BCTCK QCP AMJMA?BMQ L? NJ?R?DMPK?  ?D?QR?BMQ
    ?NPMVGK?B?KCLRCNCJ?BGQR‹LAG?BMQOS?BPGQ3?LRMLMQSNGLMOS?LRMLM3,.79,::BC1, ?DMP?NMBCQCPCVNPCQQ?CK
    RCPKMQ?@QMJSRMQNCQMRMR?JJCT?LR?BM MSAMKMSK?KCBGB?PCJ?RGT?BGTGBGLBMMNCQMJCT?LR?BMNCJ?K?QQ?​KSQASJ?PB?
    NCQQM?/MPA?SQ?BMQCDCGRMQBCRGNMBCCOSGN?KCLRMSRGJGX?BM ?QLMPK?QN?P??BCRCPKGL?ŽMBC1,QŽMBGD”ACGQBC
    CQR?@CJCACP$LRPCR?LRM N?P?SK?KŠOSGL?BCQSNGLMN?P?FMKCLQCKSJFCPCQBC??LMQBCGB?BC MMNCPACLRGJ
    N?P?1, CKRCPKMQPCJ?RGTMQ BC C  PCQNCARGT?KCLRC-M3,.79,::BC1, ?DMP?PCJ?RGT?N?P?FMKCLQC
    KSJFCPCQBC??LMQBCGB?BCAMPPCQNMLBCLRC?MMNCPACLRGJBC CBC  PCQNCARGT?KCLRC
    $K@MP? LŽM QCH? NPŠRGAM CK CQRPSRSP?Q BC A?KNM  M RCQRC BC DMP? BC  1, R?K@K NMBC QCP PC?​JG​X?BM CK SK
    BGL?KšKCRPM GQMAGLRGAM 3P?R? QC BC SK BGQNMQGRGTM BC RCQRC C COSGN?KCLRM BC PC?@GJGR?ŽM QM¤QRGA?BM C A?PM  OSC 
    CLAMLRP?BM ECP?JKCLRC CK J?@MP?R™PGMQ @CK COSGN?BMQ BC BCQCKNCLFM FSK?LM MS CK GLQR?J?CQ AJ”LGA?Q  AMKM CK
    SLGB?BCQBC¤QGMRCP?NG?.Q?N?PCJFMQGQMAGLRGAMQLŽMSRGJGX?KNCQMQCVRCPLMQN?P?DMPLCACP?PCQGQR‘LAG?N?P?MGL_ Gq”_ SM
    RCLR?P QSNCP?P $K TCX BGQQM  M RCQR?BMP NPMEP?K? M ?N?PCJFM N?P? NCPKGRGP OSC ? NCQQM? AMKNJCRC SK? ?KNJGRSBC BC
    KMTGKCLRM¤V?CKSK?TCJMAGB?BCAMLQR?LRC GLBCNCLBCLRCKCLRCBCOS?LR?DMP??NJGA?B?$KPCQSKM ?TCJMAGB?BCBM
    KMTGKCLRM CK OSC ? PCNCRGŽM  AMKNJCR?B?  BCRCPKGL?B? ?LRCQ BM RCKNM C LŽM ? OS?LRGB?BC BC PCQGQR‘LAG? N?P? QCP
    JCT?LR?B? AMKMMAMPPCCKKŠOSGL?QBCNCQMQJGTPCQMSAMKNCQMQ¤VMQ0S?LBM?DMP?CVCPAGB? CJ?OS?LRG¤A?B?NMP
    SK RP?LQBSRMP BC DMP? C  EP?T?B? .Q BGL?KšKCRPMQ GQMAGLRGAMQ KMBCPLMQ NCPKGRCK M RCQRC BC SK? T?PGCB?BC BC
    EPSNMQ ​KSQASJ?​PCQ  GLAJSGLBM OS?BP”ACNQ DCKMP?GQ BM H?PPCRC KžQASJMQ @”ACNQ DCKMP?J  QCKGKCK@P?LŠACM C
    QCKGRCLB”LCM C​KžQASJMQB?QSP? BMQMK@PMQCBMQ@P?MQ$LRPCR?LRM CQQ?QKŠOSGL?QQŽMBCQCLF?B?QN?P?GQMJ?PEPSNMQ
    GL​BG​TG​BS?GQBC​KžQASJMQBSP?LRCKMTGKCLRMQSLGJ?RCP?GQAMKMCVRCLQCQ¥CVCQBCHMCJFMCCVRCLQCQ¥CVCQBCAMRMTCJM
    D?XCLBMAMKOSCQCH?BGD”AGJ MSKCQKMGKNMQQ”TCJ RCQR?P?DMP?​KSQASJ?PBSP?LRCCVCPA”AGMQAMKNMQRMQMSAMKKžJRGNJ?Q
    ?P​RGASJ?CQ AMKMMQSNGLMMSM3,.79,::.QBGL?KšKCRPMQGQMAGLRGAMQR‘K?T?LR?ECKBGQRGLR?BCCJGKGL?P??@MPB?ECK
    BCRCLR?RGT?CCPPMN?P?MCQR?@CJCAGKCLRMBC1,OSCA?P?ARCPGX?MRCQRCAMKMQNCQMQJGTPCQC?QKŠOSGL?QAMKNCQMQ
    ¤VMQ MAMLRPŠPGM MRCQR?BMPBCRCPKGL?OS?JTCJMAGB?BCBCKMTGKCLRMQCPŠSRGJGX?B?KCQKM?QAMLRP?CQGQMKRPGA?Q
    NMBCKQCPRCQR?B?Q N™Q?D?KGJG?PGX?ŽMCM?OSCAGKCLRM MGL​BG​T”​BSMCVCPACQCSCQDMPMKŠVGKM OSCKCBGBMCKSK
    L”TCJ KSGRM ?JRM BC NPCAGQŽM C BC CV?RGBŽM NCJ? KŠOSGL? GQMAGLRGA? AMKNSR?BMPGX?B? . RCQRC  GKNMPR?LRC N?P? OSC M
    RPCGL?BMPCMNP?RGA?LRCMRGKGXCKMQNPMEP?K?QC?JA?LACKMQM@HCRGTMQGL​BG​TG​BS?GQBCSK@MKAMLBGAGML?KCLRM!MVC
     

    ,4&  ;
    587:<a6+1),)<-;<)/-5
    ?I4@<5I# 4
        
    09,*;696-6(*/05.,9-694(5*,
    (;065(3 ;9,5.;/(5+65+0;06505.::6*0(;065
    6369(+6 7905.:

    #;>=A1@1?@->
    3MBMQ MQ NPMEP?K?Q BC AMLBGAGML?KCLRM BCTCK AMKC?P AMK ? RCQR?ECK C ?T?JG?ŽM BC A?B? N?PRGAGN?LRC
    NPCLBCLBMMQNMLRMQDMPRCQCDP?AMQBCA?B??RJCR? K?GQDŠAGJBGPCAGML?PQCSRPCGL?KCLRMC?JA?L?PMQPCQSJR?BMQ
    KŠVGKMQ
    RCQR?ECKR?K@K?HSB???T?JG?PQCMNPMEP?K?CQRŠ?JA?L?LBMC¤AGCLRCKCLRCMQM@HCRGTMQBCQCH?BMQC K?GQ
    GKNMPR?LRC AMKMM?RJCR?CQRŠNPMEPCBGLBM
    RCQR?ECKR?K@KDSLAGML?AMKMSKEP?LBCKMRGT?BMP,SGRMQ?RJCR?Q CQNCAG?JKCLRCMQK?GQHMTCLQ NPCAGQ?K
    BCNPMT?QNMQGRGT?QBCOSCMAMLBGAGML?KCLRMCQNMPRGTMQCPŠ@CL¤AMN?P?CJCQ?LRCQOSCCJCQQCBGQNMLF?K?PC? gG*
    X?PMQCQDMPMQLCACQQŠPGMQN?P?M@RCPMQPCQSJR?BMQKŠVGKMQ4K?TCXOSCM?RJCR?AMKC???JA?L?PQCSQM@HCRGTMQ
    CJC¤A?PŠK?GQKMRGT?BMN?P??JA?L?PM@HCRGTMQK?GMPCQvQCKNPCKCJFMPQCESP?PSK?RJCR?OSCCQRŠKMRGT?BMBM
    OSCSKOSCNPCAGQ?QCPCQRGKSJ?BM
    3PCGL?BMPCQ OSC D?XCK M CQDMPM BC RCQR?P  ?T?JG?P C CQRGNSJ?P MQ M@HCRGTMQ R‘K PCQSJR?BMQ OSC NMBCK QCP
    BMASKCLR?BMQ JESK?Q CQAMJ?Q GELMP?K MQ CLMPKCQ @CLCD”AGMQ BCQQC NPMACQQM BC OS?RPM N?QQMQ C AMKC?K M
    JCT?LR?KCLRMMSAMLBGAGML?KCLRMGKCBG?R?KCLRC

    )-850-01
    "?B?RCQRCBCTC?T?JG?PMAMKNMLCLRCOSCCJCNPMHCR?BMN?P?KCBGP.RCQRCSRGJGX?BMN?P?KCBGPMNMRCLAG?JBC
    BCQCKNCLFMQCAMPPCJ?AGML??MCQNMPRCCQNCA”¤AMBCOSCM?RJCR?N?PRGAGN?

    ;:G-:e-
     AML¤?L?  BCNCLBCLRC BC QC M RPCGL?BMP K?LRK ?Q AMLBGCQ BC RCQRC C MQ PCQSJR?BMQ RMB?Q ?Q TCXCQ .Q
    PCQSJR?BMQ BMQ RCQRCQ QCPŽM BGDCPCLRCQ QC M RCQRC  DCGRM L? EP?K? BM J?BM BC DMP? SK? TCX C CK SK? OS?BP? BC
    @?QOSCRCL?NP™VGK?TCX AMLBGŽMBMA?KNM MFMPŠPGMBMBG? MTCLRM ?AFST? ?RCKNCP?RSP?CRARCPŽMCDCGRMQ
    LMQPCQSJR?BMQBMQRCQRCQ
    MPBCKBC?NJGA?ŽMBMQRCQRCQGL¥SCLAG?MQPCQSJR?BMQ MPBCKBC?T?JG?ŽMNPCAGQ?QCP?KCQK?RMB?Q?QTCXCQ
    OSC DMP PC?JGX?B? C M COSGN?KCLRM BC RCQRC NPCAGQ? QCP M KCQKM 2C DMP NMQQ”TCJ  M RCQRC BCTC QCP ?NJGA?BM NCJMQ
    KCQKMQGLQRPSRMPCQ

    5/8;01@1?@10101?19<1:4;​-:A-8
    AMK@GL?ŽMBMQNCP”M​BMQBCRCQRCDMPK?SKYAGAJMBCRCQRC​?LS?J^#‘SK?EP?LBC‘LD?QCRCQR?ECK K?QD??
    GQQM ?NCL?Q  MS  TCXCQ NMP ?LM $TGRC QCQQCQ BC RCQRC L? QCK?L? ?LRCPGMP ?M GL”AGM BM NPMEP?K? BC
    AMLBGAGML?KCLRMC?N™QA?B?AGAJMBCAMLBGAGML?KCLRM

    ">3-:5E1;1=A5<-91:@;1;8;/-8
    0S?LRMK?GQTMA‘QC?BG?LR?P K?GQRP?LOSGJMQCPŠMBG?BMRCQRC#CRCPKGLCMQCOSGN?KCLRMQCMQJMA?GQOSCQCPŽM
    LCACQQŠPGMQCNPCN?PC MQ/C?NCPKGQQŽMN?P?SQ?PMJMA?J PCQCPTCRMBMQMQCOSGN?KCLRMQCQC?QQCESPCBCOSCRSBM
    CQRCH?DSLAGML?LBMCA?JG@P?BM#CQCLFCSK?NJ?LR?LMAFŽMN?P??HSB?P?BCAGBGPAMKM?QYCQR?CQ^BCRCQRCQCPŽM
    MPE?LGX?B?Q4RGJGXC?NJ?LR?N?P?BCAGBGPAMKMQCPŠ?M¥SVMAMLDMPKCMQ?RJCR?QQCKMTCKBCSK?CQR?ŽMBCRCQRC
    N?P?MSRP?CBGTGB??NJ?LR?AMKQCSQRPCGL?BMPCQC?RJCR?Q N?P?OSCRMBMQ?AMLFC?K

    1?1:B;8B-/->@m1?<->-/;81@-0;?>1?A8@-0;?
    %?? AMK OSC MQ ?RJCR?Q A?PPCESCK A?PRCQ N?P? AMJCR? BMQ PCQSJR?BMQ ? A?B? CQR?ŽM  LMQ OS?GQ M RALGAM NMQQ?
    EP?T?P MQ PCQSJR?BMQ BMQ RCQRCQ . A?PRŽM BCTC GLAJSGP RMBMQ MQ RCQRCQ QCLBM ?BKGLGQRP?BMQ C ? GLDMPK?ŽM NCQQM?J
    AMKMLMKCCB?R?.QRCQRCQBCTCKCQR?PJGQR?BMQL?MPBCKCKOSCQCPŽMPC?​JG​X?BMQN?P?OSCLŽMF?H?AMLDSQŽM

    012%,%&$"0,

    6<
    5MA‘SKNCQOSGQ?BMPBMCQNMPRCRP?@?JF?LBMAMKSKEPSNMBCCJGRCBCAMPPCBMPCQBCBGQR‹LAG?%MGQMJGAGR?BMOSC
    TMA‘ BCQCLTMJTCQQC SK? @?RCPG? BC RCQRCQ N?P? ?HSB?P ? ?AMKN?LF?P ?Q KCJFMP?Q BM RPCGL?KCLRM C ?HSB?P AMK M
    CQR?@CJCAGKCLRMBCDPC​OS‘LAG?QA?PB”?​A?QBCXML?QBCRPCGL?KCLRM0SCRGNMQBCRCQRCQCBCKCBGB?QTMA‘SQ?PŠ

    9A
    ,M;NF?N;ML?;​FC​T;LC;GOGN?MN?>?=ILLC>;?G?MN?CL;J;L;>?N?LGCH;LI3,G†R?IFCGC;L>?F;=N;NI 2GN?MN?
    >? =ILLC>;
     ;I =IHNL†LCI >? KO;FKO?L IONLI NCJI >? N?MN?
     =IGI I =C=FCMGI
     M?LC; ONCFCT;>I JIL =;OM; >;
    ?MJ?=CV=C>;>?>;@L?hOH=C;=;L>;Z;?>?IONL;ML?MJIMN;MVMCIF•AC=;M‰GI>;FC>;>?>I?R?L==CI ,N?MN?>?
    FCGC;L>?F;=N;NIM?L†L?;​FC​T;>IJLCG?CLI
    M?AOC>IJ?FI>?MN?>?3,G†R
    -;L; CH​>C​PC​>O;FCT;L I N?MN? >? FCGC;L >? F;=N;NI
     I LCNGI GŒ>CI >OL;HN? I ?P?HNI >? =ILLC>; JLCH=CJ;F >I ;NF?N;
    M?LC;>?N?LGCH;>I -IL?R?GJFI
    J;L;OG;NF?N;=IGOGN?GJI>?GCHJ;L;OG;=ILLC>;>?EG
    ILCNGI
    GŒ>CI>OL;HN?;=ILLC>;Œ>?GYGCHX -;L;?MN;<?F?=?L?MN†ACIM>?OGN?MN?>??MN?CL;>?M=IH​NC​HO;>I
    
    P?FI=C>;>?M;<;CRI?P†LC;MP?FI=C>;>?M;=CG;>ILCNGIGŒ>CI>;=ILLC>;M?LC;G?MN;<?F?=C>;M=IGCHN?LP;FIM>?
    GYGCHX CH=FCH;‹ŠIM?LC;>?>OL;HN?NI>IIN?MN?J;L;GCG?NCT;LI?MNL?MM?VMCIF•AC=I>?=ILLC>;?G
    OG; JCMN; JF;H;  MMCG
     ; =;LA; >? NL;<;FBI M?LC; ;OG?HN;>; ;J?H;M J?F; ?F?P;‹ŠI >; P?FI=C>;>?  , JLCG?CLI
    ?MN†ACI >I N?MN? >? ?MN?CL; >OL;LC;  GCH
     =IG =;>; ?MN†ACI MO=?MMCPI >OL;H>I  GCH  "MM; >OL;‹ŠI >IM
    CHN?LP;FIMM?LC;ONCFCT;>;>?GI>IKO?
    M?JIMMP?F
    ;M=IH=?HNL;‹™?MM;HAO​H?;M>?F;=N;NIM?D;G?MN;<CFCT;>;M
    ;I VG >I ?MN†ACI  !OL;HN? NI>I I N?MN? I 3, M?LC; GIHCNIL;>I ? L?ACMNL;>I ?
     ;I VG >? =;>; ?MN†ACI
     ; @L?(
    KOH=C;=;L>;​=;M?LC;G?>C>; "HNL?IM?MN†ACIM
    I;NF?N;=IFI=;LC;IMJŒMMI<L?;MF;N?L;CM>;?MN?CL;J;L;KO?
    OG;;GIMNL;>?M;HAO?@IMM?=IF?N;>; ;GIMNL;>?M;HAO?M?LC;;H;FCM;>;CG?>C;N;G?HN?J;L;;;P;FC;‹ŠI>;
    =IH=?HNL;‹ŠI>?F;=N;NIM;HAO​H?I 2G;P?TKO?;=IH=?HNL;‹ŠIM;HAO​H?;>?F;=N;NI@IMM?G;CIL>IKO?
    
    GGIFYlX
    CH>C=;LC;=F;L;G?HN?KO?;=;LA;>?NL;<;FBI?MN;LC;;=CG;>IFCGC;L>?F;=N;NI
    ?;=;LA;>?NL;<;FBI
    ?G ;H>;G?HNI M?LC; =IGJF?N;>; ? I N?MN? M?LC; VH;FCT;>I  ,M F;=N;NIM M;HAOe?IM M?LC;G ONCFCT;>IM J;L;
    >?N?LGCH;LIFCGC;L>?F;=N;NI @L?​KOH=C;=;L>;​=;?;P?FI=C>;>?>;?MN?CL;M?LC;GONCFCT;>;MJ;L;?MN;<?F?=?L
    LCNGIM;=CG;?;<;CRI>IFCGC;L>?F;=N;NIJ;L;;DO>;LH;JL?M=LC‹ŠI>IMLCNGIM>?NL?CH;G?HNI !?JICM>?OG
    >?M=;HMI >?  GCH
     OG N?MN? J;L; >?N?LGCH;L I 3, G†R M?LC; L?;​FC​T;>I  "MM? N?MN? =IG?‹;LC; H; J?HšFNCG;
    =;LA;>?NL;<;FBI;F=;H‹;>;HIN?MN?>?FCGC;L>?F;=N;NI?;?MN?CL;M?LC;?F?P;>;?G;=;>;GCHONI;NŒ;
    ?R;OMNŠIPIFOHN†LC;  IG;;JNC>ŠI;?L•<C;;OG?HN;>;
    N;HNIIFCGC;L>?F;=N;NIKO;HNII3,G†R;OG?HN;LC;G
    ?
     =IHM?KO?HN?G?HN?
     I 3, ?G =;LA;M >? NL;<;FBI MO<G†RCG;M >CGCHOCLC;  !?MM; G;H?CL;
     ?MM;M G?>C>;M
    M?LC;G ONCFCT;>;M J;L; ;DO>;L ; >?N?LGCH;L ;M G?FBILC;M >; ;JNC>ŠI ;?L•<C; ? M? I JLIAL;G; >? NL?CH;G?HNI
    ?MN;LC;NL;T?H>IIML?MOFN;>IM>?M?D;>IM

    6<
    0SCRGNMBCRCQRCBCCQDMPMNPMEPCQQGTMTMA‘SRGJGX?PG?CMOSCTMA‘KMLGRMP?PG?BSP?LRCMRCQRCN?P?SKGBMQMAMK
    ?JESK?BG¤ASJB?BCBCCOSGJ”@PGMC?JESLQGLBGA?BMPCQBCPGQAMA?PBGMT?QASJ?P?SKCLR?BM

    9A
    "MM?C>IMIL?;​FC​T;LC;OGN?MN?>??M@IL‹IJLIAL?MMCPI?GOG;<C=C=F?N;?LAIGŒNLC=;=IG;JL?MMŠI;LN?LC;F
    ;@L?​
    KOH=C; =;L>;​=;
     I " $
     I ?M@IL‹I J?L=?<C>I *"- ? I 3, GIHCNIL;>IM ;I FIHAI >? NI>I I N?MN?  2G
    =C=FI?LA–G?NLI
    ;I=IHNL†LCI>?OG;?MN?CL;
    Œ?M=IFBC>IJ;L;;DO>;L;>CGCHOCLKO;CMKO?LJLI<F?G;MJIN?H=C;CM
    =IG I ?KOCF<LCI >OL;HN? ; L?;​FC​T;‹ŠI >I N?MN?  , =C=FI?LA–G?NLI N;G<ŒG Œ ?M=IFBC>I JILKO? ?MM? GI>I >?
    ?R?L==CI L?MOFN; ?G G?HIM ;LN?@;NIM HI " $ ? @;T =IG KO? M?D; G;CM @†=CF I<N?L ; JL?MMŠI ;LN?LC;F >OL;HN? I
    N?MN?   =;LA; >? NL;<;FBI ;OG?HN;LC; F?HN;G?HN? >OL;HN? I N?MN? J;L; KO? ; L?MJIMN; >; JL?MMŠI ;LN?LC;F ? I
    " $JIMM;GM?LGIHCNIL;>IMJ;L;CH>C=;>IL?M>?OGJLI<F?G;=;L>CIP;M=OF;L?J;L;I?H=?LL;G?HNI>IN?MN?

    =;MI H?=?MM†LCI  -IL ?R?GJFI


     ?MJ?L; M? KO? ; JL?MMŠI ;LN?LC;F MCMN•FC=; ;OG?HN? =IH@ILG? I N?MN? JLIALC>?

    ?HKO;HNIOG;OG?HNIMCAHCV=;NCPIH;JL?MMŠI;LN?LC;F>C;MN•FC=;CH>C=;LC;OG;L?MJIMN;=;L>CIP;M=OF;L;HILG;F
    -ILIONLIF;>I
    ;>?JL?MMŠIHIM?AG?HNI01HI" $CH>C=;LC;@;FN;>?WORIM;HAOe?IJ;L;I=IL;‹ŠI 0?CMMI
    ;=IHN?=?MM?
    IN?MN?M?LC;?H=?LL;>I ,*"->OL;HN?IN?MN?M?LC;ONCFCT;>IJ;L;;DO>;L;?MN;<?F?=?LTIH;M>?
    NL?CH;G?HNI ;?L•<CI ?F? N;G<ŒG M?LC; ONCFCT;>I M? OG JLI<F?G; =;L>CIP;M=OF;L @IMM? ?GJL?A;>I J;L;
    ?MN;<?F?=?LTIH;M>?NL?CH;G?HNI;?L•<CIM;<;CRI>;@L?​KOH=C;=;L>;​=;?GKO?IJLI<F?G;@ICCH>C=;>I ,3,
    G†R >OL;HN? I N?MN? M?LC; ONCFCT;>I J;L; >?N?LGCH;L ; ;JNC>ŠI ;?L•<C; ? =IGI OG G;L=;>IL >; GO>;H‹; >;
    ;JNC>ŠI;IFIHAI>IN?GJI

    #% @$%

    . RCQRC B? A?N?AGB?BC DSLAGML?J BC TŠPGMQ QGQRCK?Q ¤QGMJ™EGAMQ BSP?LRC CQDMPMQ BC GLRCLQGB?BC KŠVGK? MS QS@KŠVGK?
    NMBCBCQCKNCLF?PSKN?NCJGKNMPR?LRCL?¤QGMJMEG?BMCVCPA”AGM LMRPCGL?KCLRMN?P???NRGBŽMD”QGA? L??RS?ŽMAMKM
    RPCGL?BMPCLMAMLBGAGML?KCLRM BCRCPKGL?ŽMBCOSŽM@CKMQBGDCPCLRCQQGQRCK?QQŽMA?N?XCQBCBCQCKNCLF?PNMBC
    ?HSB?P M ?RJCR? C M RPCGL?BMP ? BCRCPKGL?P OS?J CQNMPRC  MS KCQKM OS?J NMQGŽM   K?GQ ?BCOS?BM N?P? A?B? ?RJCR? .Q
    RPCGL?BMPCQCMQCQNCAG?JGQR?QBCAMLBGAGML?KCLRMNMBCKOSCPCPRCQR?PMQ?RJCR?QCMQAJGCLRCQBCAMLBGAGML?KCLRMD”QGAM
    CK GLRCPT?JMQ PCESJ?PCQ N?P? TCPG¤A?P ? C¤AŠAG? BC SK PCEGKC BC RPCGL?KCLRM JK BGQQM  ?RJCR?Q  RPCGL?BMPCQ C
    CQNCAG?JGQR?QCKAMLBGAGML?KCLRMNMBCKSRGJGX?PMQPCQSJR?BMQBCQQ?QQCQQCQBCRCQRCAMKMSK?DCPP?KCLR?KMRGT?AGML?J
    $K?K@GCLRCQAJ”LGAMQ ECP?JKCLRCMRCQRCLŽMAMLBSXGBMCK?RJCR?Q?JR?KCLRCRPCGL?BMQ K?QCKNCQQM?QBCRMB?Q?Q
    GB?BCQOSCCQRŽMQCPCASNC​P?LBMBCNPMACBGKCLRMQKBGAMQCBCBMCL​?Q MSQGKNJCQKCLRCN?P??T?JG?PMCQR?BMBCQ?ž​BC
    ?T?JG?ŽMB??NRGBŽMD”QGA?KSGR?QTCXCQGLAMPNMP?B?CK@?RCPG?QBCRCQRCQECP?GQSRGJGX?B?QN?P?BCRCPKGL?POSCKQCPŠ
    QCJCAGML?BMN?P?BCRCPKGL?BMQCKNPCEMQL?QCESP?L?Nž@JGA?CKCQKMN?P??NPMKMŽMN?P?A?PEMQCQ?JŠPGMQQSNCPGMPCQ
    LM?K@GCLRCKGJGR?P"J?P?KCLRC MRCQRCB?DSLŽM¤QGMJ™EGA?MLGNPCQCLRCCDMPLCACGLDMPK?ŽMTGR?JQM@PC?QNCQQM?QBC
    RMBMQMQL”TCGQBC?NRGBŽM GB?BCCBCKSGR?QNPM¤QQCQ QQGK ?NCQQM?PCQNMLQŠTCJNCJ?QCJCŽMCAMLBSŽMBCQQCQRCQRCQ
    BCTC RCP SK L”TCJ BC AMLFCAGKCLRM ?NPMNPG?BM QM@PC MQ NPMACBGKCLRMQ N?P? PC?​JG​X?ŽM BMQ RCQRCQ CK J?@MP?R™PGM C CK
    A?KNM

    %#$E#"&#=

    ;9<81@1-?8-/A:-?
    /?P?KCBGP?NPCQQŽM?PRCPG?J LMPK?JKCLRCQŽMSRGJGX?BMQSK=========CSK=========
    =========?DMP?TCXCQ?BGQR‹LAG?TCPRGA?JBGTGB?QNCJMRCKNM
    $KNCQQM?QLŽMRPCGL?B?Q MJGKG?PBCJ?AR?RMMAMPPCLMPK?JKCLRCCKACPA?BC=========BM5.KŠV
     =========  SK? CLXGK? PCQNMLQŠTCJ NCJ? AMLTCPQŽM BC ŠAGBM A?P@šLGAM '".  CK ŠES? '.  C BG™​VGBM BC
    A?P@MLM". 
     -MPK?JKCLRC  M RCQRC BC 6GLE?RC B? NMR‘LAG? ?L?CP™@G? CLTMJTC M CQDMPM KŠVGKM BC AGAJGQKM NMP =========
    QCESLBMQ
    n8@5<8-1?/;84-
    =========QS@KŠVGKM? NMBCQCPSRGJGX?BM? N?P?CQRGK?PM5. KŠVNMPOSCRCKPCJ?ŽMJGLC?PAMKMAMLQSKMBC
    MVGE‘LGM?RA?PE?QBCRP?@?JFMKŠVGK?Q
    ? %PC​OS‘LAG?A?PB”?​A?
    @ +GKG?PBCJ?AR?RM
    A %MP?
    B /PCQQŽM?PRCPG?J
    .=========CM=========QMKBC*MPMRIMDDPCNPCQCLR?K?NPCQQŽM?PRCPG?JQGQR™JGA?C?BG?QR™JGA? PCQNCARGT?KCLRC
    ? MCM
    @ MCM
    A MCM
    B MCM
    RJCR?Q BC ,5+<9(5*, BC L”TCJ GLRCPL?AGML?J DCKGLGLMQ C K?QASJG​LMQ R‘K T?JMPCQ BC 5. KŠV BC ?NPMVGK?B?KCLRC
    ========= PCQNCARGT?KCLRC
    ? CKl\IEZ\KGLZ
    @ CKl\IEZ\KGLZ
    A CKl\IEZ\KGLZ
    B CKl\IEZ\KGLZ
     0S?GQB?QQCESGLRCQKCBGB?QGLBGA?PG?KM?JA?LACBMAMLQSKMKŠVGKMBCMVGE‘LGMBSP?LRCSK3$/
    ? "MLACLRP?ŽMBCJ?AR?RMQ?LES”​LCMBCKKMJ\lZMSK?GMP
    @ 3?V?BCRPMA?PCQNGP?R™PG?K?GMPOSC 
    A %PC​OS‘LAG?A?PB”?​A?GES?J?NCJMKCLMQBMKŠVGKMCQNCP?BMN?P??GB?BC
    B $QR?@GJGX?ŽMMSBGKGLSGŽMBM5.AMKM?SKCLRMB?A?PE?BCRP?@?JFM
     0S?JBMQRCQRCQ?QCESGPKCBCAMKNPCAGQŽM?A?N?AGB?BC?L?CP™@G?B?EJGA™JGQC
    ? 2?JRMTCPRGA?J
    @ 3CQRCBC6GLE?RC
    A #GL?KšKCRPMBCNPCCLQŽM
    B 2SNGLMBC1,
    )1>0-015>;;A2-8?;
    3P?@?JFMBC¤LGBMAMKM?DMP?CVCPAGB?KSJRGNJGA?B?NCJ?BGQR‹LAG?
    DMP?MNPMBSRMCLRPC?DMP?C?TCJMAGB?BC
    4K?BCQT?LR?ECKGKNMPR?LRCBMSQMBMBGL?KšKCRPMGQMAGLRGAMN?P?KCBGP?DMP?​KSQASJ?POSCCJCRCLBC?RCQR?P
    KžQASJMQGQMJ?BMQBSP?LRCKMTGKCLRMQSLGJ?RCP?GQ
     OS?LRGB?BCKŠVGK?BCDMP?​KSQASJ?PCVCPAGB?CKSKžLGAMCQDMPMAF?K?B?BCRP?@?JFM
     T?LR?ECKNPGLAGN?JB?TG?KCR?@™JGA??L?CP™@G?OSCQCSSQMN?P?NPMBSŽMBCCLCPEG?NPMT?TCJKCLRCLŽMPCQSJR?
    CKD?BGE?​KSQASJ?P
    $A1?@m1?;.61@5B-?
    $VNJGOSC?BGDCPCL?CLRPCRP?@?JFMCNMR‘LAG?SRGJGX?LBMSKCVCKNJMB?TGB?PC?J
    $VNJGOSCOS?LBMNMBCQCP?BCOS?BMPC?​JG​X?PSKRCQRCBC?NRGBŽMA?PBGMT?QASJ?PCKSK?RJCR?SRGJGX?LBMMSRPMQKMBMQ
    BCCVCPA”AGM?JKBMAGAJGQKMCB?AMPPGB?
    #GQASR? MQ T?JMPCQ R”NGAMQ BC AMLQSKM KŠVGKM BC MVGE‘LGM N?P? BGDCPCLRCQ D?GV?Q CRŠPG?Q  QCVMQ C N?P? ?RJCR?Q BC
    BGDCPCLRCQCQNMPRCQ
     #GQASR? AMKM ? ?SQASJR? SRGJGX?LBM SK CQRCRMQA™NGM C SK CQ¤EKMK?LšKCRPM NMBC QCP ?NJGA?B? N?P? BCRCPKGL?P ?
    NPCQQŽM?PRCPG?J
     #CQAPCT??QNPCKGQQ?QOSCNCPKGRCK?CQRGK?RGT?B?QA?N?AGB?BCQBC?NRGBŽMA?PBGMT?QASJ?PMSM5. KŠV?N?PRGPBC
    RCQRCQBCA?KNM
    #1:?-91:@;/>h@5/;
    #GQASR? MQ APGRPGMQ N?P? GLRCPPSNŽM BC SK RCQRC BC ?NRGBŽM A?PBGMT?QASJ?P N?P? SK GL​BG​T”​BSM Q?SBŠTCJ MS N?P? SK
    ?RJCR?CN?P?SK?NCQQM?AMKPGQAMCJCT?BMBCBMCL​?A?PBGMT?QASJ?P
    #GQASR?MQD?RMPCQOSC?DCR?KMQRCQRCQBCNMR‘LAG??L?CP™@G?CBCTCJMAGB?BC

    "#&

    EC3E<D1CQASR?BMQQMLQBMAMPNMMSBMQRCAGBMQN?P??HSB?PMBG?EL™QRGAMB?DSLŽMLMPK?JMS?LMPK?J
    9C@>591BG¤ASJB?BCCKPCQNGP?PMSPCQNGP?ŽMRP?@?JFMQ?
    C{7=?=1>t=5DB?GLQRPSKCLRMOSCAMLQGQRCCKSKK?LšKCRPMCCKSKK?LESGRMGL¥ŠTCJ OSCQŽMSRGJGX?BMQAMK
    SKCQRCRMQA™NGMN?P??BCRCPKGL?ŽMB?NPCQQŽM?PRCPG?J
    1<813?>3m>DB931PC?​JG​X?ŽMBCSKCVCPA”AGM?ROSCQCH?GKNMQQ”TCJAMKNJCR?P?PCNCRGŽM MOSCMAMPPCLMPK?JKCLRC
    L?D?QCAMLA‘LRPGA?MSBCJCT?LR?KCLRMB?PCNCRGŽM
    ?Bk1OS?LRGB?BCBCDMP?ECP?B?BSP?LRCSKCQDMPMKŠVGKM
    &?Dm>391DMP?TCXCQ?BGQR‹LAG?BGTGBGB?NCJMRCKNM MSRP?@?JFMBGTGBGBMNCJMRCKNM
    &B?D?3?<?3?>Do>E?RCQRCBCCVCPA”AGMBSP?LRCMOS?J?GLRCLQGB?BCBMCVCPA”AGM?SKCLR?B?CKCQRŠEGMQ QCKBCQA?LQM
    MSGLRCPT?JMCLRPCMQCQRŠEGMQ
    &B?D?3?<?45C3?>Do>E?RCQRCBCCVCPA”AGMBSP?LRCMOS?J?GLRCLQGB?BCBMCVCPA”AGM?SKCLR?B?CKCQRŠEGMQ K?QAMK
    SK@PCTCGLRCPT?JMBCBCQA?LQMCLRPCMQCQRŠEGMQ
    )o>3?@5?E45C=19?RMLRSP?
    )?= 45 !?B?D;?66 SK BMQ QMLQ SRGJGX?BMQ N?P? BCRCPKGL?P ? NPCQQŽM ?PRCPG?J QGQR™JGA? C BG?QR™JGA? OS?LBM ? ?SQASJR? 
    SRGJGX?B?N?P?BCRCPKGL?P?NPCQQŽM?PRCPG?J
    *5CD51>15Bs29?5=5CD59B1BCRCPKGL?ŽMB?QA?N?AGB?BCQ?L?CP™@G?Q AMKMMRCKNM ?R?CV?SQRŽMBSP?LRC?AMPPGB?
    CKSK?CQRCGP??SK?TCJMAGB?BCCGLAJGL?ŽMNPCBCRCPKGL?B?Q
    *5CD5 45 49>1=t=5DB? 45 @B55>Cj? RCQRC BC DMP? OSC KCBC M BCQCLTMJTGKCLRM BC DMP? NCJMQ ¥CVMPCQ BMQ BCBMQ
    BSP?LRCSK??ŽMGQMKRPGA?
    *5CD5455C314145#1B71B91RCQRCBCNMR‘LAG?OSCAMLQGQRCCKQS@GPP?NGB?KCLRCSK?QPGCBCBCEP?SQ
    *5CD5 45 5C6?Bk? @B?7B5CC9F? *& RCQRC BC ?NRGBŽM A?PBGMT?QASJ?P BSP?LRC M OS?J ? GLRCLQGB?BC BM CVCPA”AGM 
    ?SKCLR?B?NPMEPCQQGT?KCLRCSRGJGX?LBMSK?CQRCGP?MSSKAGAJMCPEšKCRPM
    *5CD5459=@E<Cj?F5BD931<RCQRCB?A?N?AGB?BCKŠVGK?BCQ?JRMTCPRGA?JSRGJGX?BMN?P?BCRCPKGL?P?NMR‘LAG?B?NMPŽM
    GLDCPGMPBMAMPNM
    *5CD545-9>71D5RCQRCBCAGAJGQKMCPEMKRPGAMKŠVGKMBCQCESLBMQBSP?LRCMOS?JNMBCKQCPA?JASJ?BMQMNGAMBC
    NMR‘LAG? ?NMR‘LAG?KBG? ?A?N?AGB?BC?L?CP™@G?CM”LBGACBCD?BGE?
    *B121<8?DMP?TCXCQBGQR‹LAG?
    ,1B9129<94145416B5AEm>39131B4o131T?PG?ŽMLMGLRCPT?JMCLRPCMQ@?RGKCLRMQA?PB”?AMQ
    ,L% =gHOS?LRGB?BCKŠVGK?BCMVGE‘LGMOSCMAMPNMNMBCAMLQSKGPBCRCPKGL?BMLMPK?JKCLRCAMKSKRCQRCBC
    CVCPA”AGM

    "?#
     KCPGA?L JJG?LACDMP'C?JRF?LB/FWQGA?J$BSA?RGML 1CAPC?RGML ?LB#?LAC'C?JRF1CJ?RCB/FWQGA?J%GRLCQQ3CQR
    ,?LS?J6?QFGLERML #" '/$1#
     KCPGA?L 'C?PR QQMAG?RGML 'C?PR BGQC?QC ?LB QRPMIC QR?RGQRGAQc SNR?IC  PCNMPR DPMK RFC KCPGA?L 'C?PR
    QQMAG?RGML2R?RGQRGAQ"MKKGRRCC?LB2RPMIC2R?RGQRGAQ2S@AMKKGRRCC"GPASJ?RGMLCZC
     QRP?LB/.6MPI3CQRQ6GRFRFC!GAWAJC$PEMKCRCP5?P@CPE 2UCBCL,ML?PI"PCQACLR ! 
     !?JIC !  6?PC 16 L CVNCPGKCLR?J QRSBW MD NFWQGA?J ¤RLCQQ MD GP %MPAC NCPQMLLCJ 42 PKCB %MPACQ ,CB )
    Z
     !CPIMDD #  "?GPLQ "!  2?LAFCX +#  CR ?J 'C?PR P?RC T?PG?@GJGRW GL ? JC?ESC KCPGA?L RP?AI ?LB ¤CJB ?RFJCRCQ )
    2RPCLERF"MLB1CQZ
     !GJJ?R5 +MNCQ/(LBGPCARKCRFMBQDMPCQRGK?RGMLMD?CPM@GANMUCP(L,?SB/) %MQRCP"/FWQGMJMEGA?J QQCQQKCLR
    MD'SK?L%GRLCQQ LBCB"F?KN?GEL (+'SK?L*GLCRGAQ/S@JGQFCPQ Z
     !GRRLCP5 6CGLCP#' 8SQSD2 CR?J/PCBGARGMLMDKMPR?JGRWKMP@GBGRWUGRF? KGLSRCU?JIRCQRGLN?RGCLRQUGRFJCQQ
    TCLRPGASJ?PBWQDSLARGML) , Z
     !J?GP2 *?KNCPR)! *MFJ'6((( CR?J(L¥SCLACQMDA?PBGMPCQNGP?RMPW¤RLCQQ?LBMRFCPNPCASPQMPQMLA?PBGMT?QASJ?P
    BGQC?QC?LB?JJ A?SQCKMPR?JGRWGLKCL?LBUMKCL) , Z
     !J?GP 2  *MFJ '6 (((  !?PJMU "$  CR ?J "F?LECQ GL NFWQGA?J ¤RLCQQ ?LB ?JJ A?SQC KMPR?JGRW  NPMQNCARGTC QRSBW MD
    FC?JRFW?LBSLFC?JRFWKCL) , Z
     !MF?LLML16(QGRJCEGRGK?RCRMAF?P?ARCPGXCKSQAJCQRPCLERFSQGLE?JGKGRCBLSK@CPMDKC?QSPCQ)2RPCLERF"MLB
    1CQZ
     !MPE&/CPACGTCBCVCPRGML?Q?LGLBGA?RMPMDQMK?RGAQRPCQQ2A?LB)1CF?@GJ,CBZ
     !SAFDSFPCP,) '?LQCL)$ 1M@GLQML3$ CR?J.NRGKGXGLERFCCVCPAGQCNPMRMAMJDMPA?PBGMNSJKML?PW?QQCQQKCLR)
    NNJ/FWQGMJZ
     "?L?T?L/* 5CQAMTG)#$T?JS?RGMLMDNMUCPNPCBGARGMLCOS?RGMLQ/C?ITCPRGA?JHSKNGLENMUCPGLUMKCL,CB2AG
    2NMPRQ$VCPAZ
     "MMNCP*' KC?LQMD?QQCQQGLEK?VGK?JMVWECLGLR?IC) , Z
     "SLLGLEF?K #  %?SJILCP )  3FC CDDCAR MD RP?GLGLE ML ?L?CPM@GA ?LB ?L?CPM@GA KCR?@MJGQK BSPGLE ? QFMPR
    CVF?SQRGTCPSL,CB2AG2NMPRQ$VCPAZ
     #?TGQ' "?QQ&"3FC?L?CPM@GARFPCQFMJB?QBCRCPKGLCB@CDMPC?LBBSPGLEJ?ARGA?AGBMQGQ$SP)/FWQGMJ.AASN
    /FWQGMJZ
     #?TGQ) *?QAF%6 CPM@GA?LB?L?CPM@GABGDDCPCLACQ@CRUCCLK?VGK?JPSLLGLE?LBAWAJGLEGLKGBBJC ?ECBK?JCQ
    2NMPRQ,CBZ
     #MJECLCP %  'CLQJCW +#  ,?PQF ))  CR ?J 5?JGB?RGML MSR MD RFC 1MAINMPR ¤RLCQQ U?JIGLE RCQR GL AMJJCEC K?JCQ ?LB
    DCK?JCQ1CQ0$VCPA2NMPRZ
     #MR?L1 !?P .P.+M?BMNRGKGX?RGMLDMPRFC6GLE?RC?L?CPM@GARCQR$SP) NNJ/FWQGMJZ
     %CLQRCPK?ICP*+ /JMUK?L2 +MMLCW, 5?JGB?RGMLMSRMDRFC1MAINMPR¤RLCQQU?JIGLERCQRGLDCK?JCQWC?PQ
    ?LBMJBCP1CQ0$VCPA2NMPRZ
     &CMPEC)# %CJJGLEF?K&6 %GQFCP & KMBG¤CBTCPQGMLMDRFC1MAINMPR¤RLCQQU?JIGLERCQRDMPAMJJCECKCL?LB
    UMKCL1CQ0$VCPA2NMPRZ
     'MSQF3) "P?KCP)3 6CGP)/ CR?J/FWQGA?J%GRLCQQ+?@MP?RMPGCQML?!SBECR2AMRRQB?JC  9'MJAMK@'?RF?U?W
    
     (L@?P. !?P .P. 2IGLLCP)23FC6GLE?RC L?CPM@GA3CQR"F?KN?GEL (+'SK?L*GLCRGAQ 
     )MWLCP,) "MWJC$%$LBSP?LACCVCPAGQCNCPDMPK?LAC3FCNFWQGMJMEWMDAF?KNGMLQ)/FWQGMJZ
     *JGLC&, /MPA?PG)/ 'GLRCPKCGQRCP1 CR?J$QRGK?RGMLMD5.K?VDPMK?MLC KGJCRP?AIU?JI ECLBCP ?EC?LB@MBW
    UCGEFR,CB2AG2NMPRQ$VCPAZ
     +?DMPRSL?"+  EMQRG% ,?PGLMLC/& CR?J3FCPCJ?RGMLQFGN@CRUCCL@MBWAMKNMQGRGML?LBKSQAJCNMUCPMSRNSRGL
    KCL?LBUMKCLUGRFM@CQGRW)$LBMAPGLMJ(LTCQRZ
     +CECP+ +?K@CPR) K?VGK?JKSJRGQR?ECKQFSRRJCPSLRCQRRMNPMRCAR5.K?V$SP) NNJ/FWQGMJZ
    
     +MNCQ/+ 6FGRC)'C?PRP?RCT?PG?@GJGRW,C?QSPCKCLRKCRFMBQ?LBNP?ARGA?J?NNJGA?RGMLQ(L,?SB/) %MQRCP"
    /FWQGMJMEGA?J QQCQQKCLR?LB'SK?L%GRLCQQ LBCB"F?KN?GEL (+'SK?L*GLCRGAQ/S@JGQFCPQ Z
     ,?PE?PG?1  EFCKM/ 1MTCJJG$,C?QSPCKCLRMDKSQASJ?PNMUCP?L?CPM@GA GLK?L) NNJ/FWQGMJZ
    
     ,A PBJC6# *?RAF%( /CAFCP&2 CR?J1CJG?@GJGRW?LBGLRCP PCJ?RGMLQFGNQ@CRUCCLK?VGK?JMVWECLGLR?IC NFWQGA?J
    UMPIA?N?AGRW ?LBQRCN RCQRQAMPCQGLAMJJCECUMKCL,CB2AG2NMPRQ$VCPAZ
     ,CWCPQ) /P?I?QF, %PMCJGAFGCP5 CR?J$VCPAGQCA?N?AGRW?LBKMPR?JGRW?KMLEK?LPCDCPPCBDMPCVCPAGQCRCQRGLE-
    $LEJ),CBZ
     ,GBEJCW 6  !CLRJCW #)  +SRRGIFMJR '  CR ?J "F?JJCLEGLE ? BMEK? MD CVCPAGQC NFWQGMJMEW BMCQ ?L GLAPCKCLR?J
    CVCPAGQCRCQRDMPT?JGB5.K?VBCRCPKGL?RGMLPC?JJWLCCBRMJ?QR@CRUCCL?LBKGLSRCQ2NMPRQ,CBZ
    
     -CBCJHIMTGA ,GPIMT#, /?XGL- CR?J$T?JS?RGMLMD,?PE?PG?QR?GPA?QCRCQR3FCCDDCARMD@MBWQGXC$SP) NNJ
    /FWQGMJZ
     /?RCPQML#) %PGCBJ?LB)2 !?QAMK# CR?J"F?LECQGL?PRCPG?J* ?LBTCLRGJ?RGMLBSPGLECVCPAGQCGLLMPK?JQS@HCARQ
    ?LBQS@HCARQUGRF,A PBJCQQWLBPMKC)/FWQGMJZ
     /GAICPGLE 3&  '?JJ )$  NNCJ +)  CR ?J 1CAMKKCLB?RGMLQ DMP @JMMB NPCQQSPC KC?QSPCKCLR GL FSK?LQ DPMK RFC
    QS@AMKKGRRCCMDNPMDCQQGML?J?LBNS@JGACBSA?RGMLMDRFC KCPGA?L'C?PR QQMAG?RGML"MSLAGJMLFGEF@JMMBNPCQQSPC
    PCQC?PAF"GPASJ?RGMLZ
     1?KQ@MRRMK1 !PCUCP) 6GJJGK?Q" NPMEPCQQGTCQFSRRJCPSLRCQRRMCQRGK?RCK?VGK?JMVWECLSNR?IC2NMPRQ,CB
    Z
     1M@GLQML 3$  2SC #8  'SQXAXSI  CR ?J (LRP? ?PRCPG?J ?LB ASDD @JMMB NPCQQSPC PCQNMLQCQ BSPGLE GLAPCKCLR?J AWAJC
    CPEMKCRPW,CB2AG2NMPRQ$VCPAZ
     2?UI?,- 3?F?KMLR,5 %GRXECP?JB/( CR?J J?ARGAA?N?AGRW?LBNMUCP1CJG?@GJGRW?LBGLRCPNPCR?RGML$SP) NNJ
    /FWQGMJ.AASN/FWQGMJZ
     2?WCPQ2/ '?P?AIGCUGAX#5 '?PK?L$ CR?J"PMQQ T?JGB?RGMLMDRFPCCHSKNNMUCPCOS?RGMLQ,CB2AG2NMPRQ
    $VCPAZ
     2NGPBSQM 66  %P?LAGQ *+  ,?A1?C /& /FWQGA?J MD #GKCLQGMLQ MD EGLE "F?KN?GEL  (+ 'SK?L *GLCRGAQ
    Z
     6F?JCW,' !PS@?ICP/' .RRM1, "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE?LB/PCQAPGNRGML RFCB/FGJ?BCJNFG?
    / +GNNGLAMRR6GJJG?KQ6GJIGLQ 
     8MQFGB?3 "FGB?, (AFGMI?, CR?J1CJ?RGMLQFGN@CRUCCLTCLRGJ?RGML?LB?PRCPG?JNMR?QQGSKAMLACLRP?RGMLBSPGLE
    GLAPCKCLR?JCVCPAGQC?LBPCAMTCPW$SP) NNJ/FWQGMJ.AASN/FWQGMJZ

    
    'MSQF3) "P?KCP)3 6CGP)/ CR?J/FWQGA?J%GRLCQQ+?@MP?RMPGCQML?!SBECR2AMRRQB?JC  9'MJAMK@'?RF?U?W 
    ,?SB/) %MQRCP"/FWQGMJMEGA?J QQCQQKCLRMD'SK?L%GRLCQQ LBCB"F?KN?GEL (+'SK?L*GLCRGAQ 
    ,GBEJCW 6 !CLRJCW#) +SRRGIFMJR' CR?J"F?JJCLEGLE?BMEK?MDCVCPAGQCNFWQGMJMEWBMCQ?LGLAPCKCLR?JCVCPAGQCRCQRDMPT?JGB
    5.KŠVBCRCPKGL?RGMLPC?JJWLCCBRMJ?QR@CRUCCL?LBKGLSRCQ2NMPRQ,CBZ
    6F?JCW,' "2,Q&SGBCJGLCQDMP$VCPAGQC3CQRGLE?LB/PCQAPGNRGML RFCB!?JRGKMPC ,#+GNNGLAMRR6GJJG?KQ6GJIGLQ
    

    .+
    QRP?LB/.6MPI3CQRQ6GRFRFC!GAWAJC$PEMKCRCP5?P@CPE 2UCBCL,ML?PI"PCQACLR ! 
    !MPE&/CPACGTCBCVCPRGML?Q?LGLBGA?RMPMDQMK?RGAQRPCQQ2A?LB)1CF?@GJ,CBZ
    *LSRRECL'& *P?CKCP6)3CPKGLMJMEW?LBKC?QSPCKCLRGLCVCPAGQCNCPDMPK?LAC) NNJ2NMPR2AG1CQZ
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      !?M=L?P?L?=LCNC=;L;J?MKOCM;=IG;ORFCIM?LAIAHC=IM
      "RJFC=;L;M<;M?MVMCIF•AC=;M>I;ORFCI;I@ILH?=CG?HNI>?IRCAHCI
      !CM=ONCL?=IGJ;L;LIM>C@?L?HN?MNCJIM>?;ORFCI;I@ILH?=CG?HNI>?IRCAHCI
      "RJFC=;LIMG?=;HCMGIMJLIJIMNIMJ;L;IMMOJF?G?HNIMONCFCT;>IMJ;L;L?N;L>;L;@;>CA;
      !?M=L?P?LIMJIMMP?CM?@?CNIMHI>?M?GJ?HBI@MC=I>IMMOJF?G?HNIMBILGIH;CMONCFCT;>IM=IGOG?HN?
    JIL;NF?N;M
      !CM=ONCLIOMI>?=IHNL;=?JNCPIMIL;CMJIL;NF?N;MGOFB?L?M?IMCGJ;=NIMJIN?H=C;CMHI>?M?GJ?HBI
      "RJFC=;L IM G?=;HCMGIM VMCIF•AC=IM KO? ?MNŠI JIL NL†M >I OMI >? JL• BILG–HCIM ? JIL KO? IM ;NF?N;M
    JI>?G?M=IFB?LONCFCT† FIM
      LCNC=;LICGJ;=NI>;?V=†=C;>IMG?>C=;G?HNIMHI>?M?GJ?HBI
      !CM=ONCLIM>C@?L?HN?MNCJIM>?G?>C=;G?HNIMONCFCT;>IMJIL;NF?N;M
      !CM=ONCL IM MOJF?G?HNIM HONLC=CIH;CM ONCFCT;>IM JIL ;NF?N;M
     CH=FOCH>I IM NCJIM ? M?OM G?=;HCMGIM >?
    @OH=CIH;G?HNI

    + G; >?VHC‹ŠI A?L;F >? OG ;ORFCI ?LAIAHC=I Œ OG; MO<MN‡H=C;


     OG; JL†NC=; >?
    NL?CH;G?HNIIOOG@?H–G?HIKO?JI>?;OG?HN;LI>?M?GJ?HBI@MC=I +IM'IAIM
    ,FGJC=IM IO HIM =;GJ?IH;NIM GOH>C;CM >? ?MJILN?M ?MJ?=V=IM
     ; >C@?L?H‹; HI
    >?M?GJ?HBI?HNL?IMA;HB;>IL?M>?G?>;FB;M>?IOLI
    JL;N;IO<LIHT?IOV=;L?HNL?IM
    =CH=IJLCG?CLIM=IFI=;>IM?HNL?>?T;NF?N;MJI>?M?LNŠIJ?KO?H;KO;HNIIO -IL
    =;OM;>;@;G;?>;ML?=IGJ?HM;MVH;H=?CL;MJIN?H=C;CM;MMI=C;>;M‰PCN•LC;J;L;?MM?M
    ;NF?N;M >? ?FCN?
     Œ @†=CF ?HN?H>?L ; N?HN;‹ŠI >? OM;L ;ORFCIM ?LAIAHC=IM ?HNL? ?MM?M
    ;NF?N;M  -ILŒG
     ;FAOHM ;ORFCIM ?LAIAHC=IM N;G<ŒG M? NILH;L;G JIJOF;L?M ?HNL?
    ?HNOMC;MN;M>;<I;=IH>C‹ŠI@MC=; FAOHM;ORFCIM?LAIAHC=IMMŠIJLIC<C>IMJ;L;;NF?N;M
    JLIVMMCIH;CM?;KO?F?MKO?=IGJ?N?G?G?P?HNIMCHN?LH;=CIH;CM +?GNI>IMIM;ORFCIM
    ?LAIAHC=IM MŠI CF?A;CM
     G;M GOCN;M >;M MO<MN‡H=C;M KO​GC=;M KO? ;OG?HN;G
    ;LNCV=C;FG?HN? I >?M?GJ?HBI ? NG ?@?CNIM =IF;N?L;CM @IL;G JLIC<C>;M  -;L; >?M=I<LCL I
    MN;NOM >? OG @†LG;=I IO >? OG MOJF?G?HNI J;L; I OMI J?FIM ;NF?N;M HIM 'IAIM
    ,FGJC=IM
     HIM 'IAIM -;H G?LC=;HIM IO H;M -;L;FCGJ;​>;M
     P?D; I Q?<MCN? >; AH=C;
    HNC>IJCHA>IM"2BNNJ QQQ OM;>; ILA >LI 
    FCMN;>?;ORFCIM?LAIAHC=IMJIN?H=C;CMŒ<;MN;HN?FIHA;?CH=FOCHONLC?HN?M
    @†LG;=IM

    JL†NC=;M>?NL?CH;G?HNI=IGI;KO?=CG?HNIIONL?CH;G?HNI?G;FNCNO>??
    G?MGI
    ;DO>;M
    <CIG?=‡HC=;M
    =IGIG;C–M>?H;N;‹ŠIKO?L?>OT?GI;NLCNI ,M?@?CNIM>?;FAOHM;ORFCIM
    ?LAIAHC=IM D† @IL;G >CM=ONC>IM MOJF?G?HN;‹ŠI =IG =;L<IC>L;NIM ? JLIN?​H;M  ;JNOFI
    
     CHA?MNŠI ;>?KO;>; >? WOC>IM  ;JNOFI 
     NL?CH;G?HNI ?G ;FNCNO>?  ;JNOFI  ?
    ;KO?=CG?HNI  ;JNOFI   +?MN? =;JNOFI
     M?LŠI >CM=ONC>;M ;DO>;M ?LAIAHC=;M ;>C=CIH;CM
    KO? MŠI JIJOF;L?M ? KO? @IL;G J?MKOCM;>;M I <;MN;HN? J;L; J?LGCNCL =IH=FOM™?M ;
    L?MJ?CNI>?MO;?V=CHZC; ,M;ORFCIM?LAIAHC=IMA?L;FG?HN?;OG?HN;GI>?M?GJ?HBI
    JIL;@?N;L;M=;J;=C>;>?M>??H>OL;H=?
    @IL‹;
    JINH=C;IO=IGJIMC‹ŠI=ILJIL;F

    &4B@D8B0B>1A40DGw;8>4A6>6u=82>

    ,SGRMQ?SV”JGMQCPEME‘LGAMQQCRMPL?KNMNSJ?PCQNMPOSCSK?RJCR?NPM¤QQGML?JMSBCCJGRCSRGJGX?SK?SV”JGMCPEME‘LGAMC
    @CK QSACBGBM(QQMD?XAMKOSCM?RJCR?B‘ BGPCR?MSGLBGPCR?KCLRC SK?NPMT?BCOSCM?SV”JGMCPEME‘LGAM?SKCLRMSM
    QCSBCQCKNCLFM QQGK M?SV”JGMCPEME‘LGAMQCRMPL?NMNSJ?PLMCQNMPRCCKOSCCQQC?RJCR?AMKNCRCCNMQQGTCJKCLRCCK
    MSRPMQ CQNMPRCQ $K@MP? M ?SV”JGM CPEME‘LGAM NMQQ? RCP AMLRPG@S”​BM N?P? M QSACQQM BM ?RJCR?  KSGRMQ MSRPMQ D?RMPCQ
    R?K@KNMBCKRCPAMLRPG@S”​BMN?P?CQQCQSACQQM$QQCQRCQRCKSLFMQLŽMAMLQRGRSCKNCQOSGQ?AGCLR”¤A?OSCAMKNPMTC?
    C¤AG‘L^G?BCSK?SV”JGMCPEME‘LGAM

    2E@C6DC6=24:@?25@D4@>22A=:42wv@56A6DBF:D2
    /MBC QCP BGD”AGJ RGP?P AMLAJSQCQ ? PCQNCGRM B? C¤AG‘L
    ^G? BC SK ?SV”JGM CPEME‘LGAM ? N?PRGP B? NCQOSGQ? QM@PC CQQC
    CPEME‘LGAM  F?@GJGB?BC BC ?NJGA?P ?Q AMLAJSQCQ BC SK? NCQOSGQ? N?P? ?Q AMKNCRGCQ PC?GQ BCNCLBC  CK N?PRC  B?Q
    QCKCJF?L?Q CLRPC ?Q AMLBGCQ AMLRPMJ?B?Q BC SK J?@MP?R™PGM C ? AMKNCRGŽM ?RJRGA?  CK OSC MQ D?RMPCQ ?K@GCLR?GQ
    NMBCK QCP BGDCPCLRCQ B?Q AMLBGCQ BC J?@MP?R™PGM ,SGRMQ D?RMPCQ C AMLQGBCP?CQ NMBCK CLRP?P L? ?NJGA?@GJGB?BC B?Q
    AMLAJSQCQBCSK?NCQOSGQ?N?P?SK?AMKNCRGŽM?RJRGA? GLAJSQGTC

    C@539{3941454?D5CD5MRCQRCJ?@MP?RMPG?JSRGJGX?BMN?P??T?JG?P?C¤AG‘L^G?BCSK?SV”JGMCPEME‘LGAMNMBCLŽM
    PCNPCQCLR?PAMKNPCAGQŽMQCSCDCGRMCKSK?AMKNCRGŽM?RJRGA?/MPCVCKNJM ?JESK?QTCXCQSKRCQRCBCAGAJGQKMBC
    TCJMAGB?BCKŠVGK?BCQCESLBMQRCQRCBC6GLE?RC SRGJGX?BMN?P??T?JG?PQCSK?SV”JGMCPEME‘LGAM?SKCLR??
    F?@GJGB?BC BC ?PP?LA?B? $LRPCR?LRM  NMBC QCP OSCQRGML?BM QC MQ PCQSJR?BMQ BC SK RCQRC BC AGAJGQKM PCNPCQCLR?K ?
    F?@GJGB?BCBCAMPPGB?CKSK?NGQR?MSCKSKHMEM AMKMMDSRC@MJ?KCPGA?LM
    C@539{394145418129<94145M?SV”JGMCPEME‘LGAMNMBC?SKCLR?PMBCQCKNCLFMCKCTCLRMQBCKSGRMASPRMNP?XM
    CBC?JR?NMR‘LAG??L?CP™@G? AMKMMJCT?LR?KCLRMBCNCQML?Q.JGKN”?​B?Q K?QLŽMCKCTCLRMQBC?JR?NMR‘LAG??
    JMLEM NP?XM  AMKM MQ CTCLRMQ BC AMPPGB? BC  KCRPMQ MS BC ,5+<9(5*,  MS TGAC TCPQ? (QQM D?X AMK OSC QCH?
    LCACQQŠPGMJGKGR?P?QAMLAJSQCQ?PCQNCGRMB?C¤AG‘L^G?BCSK?SV”JGMCPEME‘LGAM?RGNMQBCRCQRCQCR?PCD?QCQNCA”¤A?Q
    >49Fo4E?C?K?GMPG?BMQNPMHCRMQBCNCQOSGQ?SRGJGX?GL​BG​T”​BSMQLŽMRPCGL?BMQMSKMBCP?B?KCLRCRPCGL?BMQ CLRŽM
    OSCQRGMLŠTCJQCMQPCQSJR?BMQQC?NJGA?K?MQ?RJCR?QCN?P​RGASJ?P​KCLRC?MQ?RJCR?QBCCJGRC4K?SV”JGMCPEME‘LGAM
    NMBC?SKCLR?PMBCQCKNCLFMCKGL​BG​T”​BSMQLŽMRPCGL?BMQNMPOSCCJCQLŽMRGTCP?K?Q?B?NR?CQ?MRPCGL?KCLRM
    OSCMQ?RJCR?QRGTCP?KNMPA?SQ?B?QQS?QPMRGL?QBCRPCGL?KCLRM
    ?C5 SK? BMQC KSGRM NCOSCL? MS KSGRM ?JR? BM ?SV”JGM CPEME‘LGAM NMBC LŽM ?NPCQCLR?P LCLFSK CDCGRM LM
    BCQCKNCLFM  AMK ? BMQC KSGRM ?JR? PCQSJR?LBM NMRCLAG?JKCLRC CK CDCGRMQ AMJ?RCP?GQ OSC NMBCPG?K ?DCR?P
    LCE?RGT?KCLRCMBCQCKNCLFMMS?Q?ž​BC JESLQ?RJCR?QCRPCGL?BMPCQQCESCKM?VGMK?YQCSK?AMGQ?@M? K?GQ
    KCJFMP^(QQMD?XAMKOSC?QBMQCQBC?JESLQ?SV”JGMQCPEME‘LGAMQSRGJGX?BMQNMP?RJCR?QQCH?KCVACQQGT?QCLŽMQCH?K
    PCNPMBSR”TCGQCKSK?K@GCLRCJ?@MP?RMPG?JNMPA?SQ?B?QNPCMASN?CQCKPCJ?ŽMQ?ž​BCCQCESP?L?
    +C? 17E4? =,9:<:
    =,9:<: 3Bt>93? M SQM ?ESBM BC SK ?SV”JGM CPEME‘LGAM NMP GL​BG​T”​BSMQ OSC LŽM CQRŽM ?AMQRSK?BMQ ?M
    ?SV”JGMCPEME‘LGAMNMBCQCPNMQGRGTMLMBCQCKNCLFM$LRPCR?LRM MSQM?JMLEMNP?XMNMBCPCQSJR?PCK?AMKMB?ŽM
    MS D?JR? BC PCQNMQR? NMQGRGT?  ?HSB? NMPOSC CJ? N?QQ? ? LŽM QCP K?GQ SK CQR”KSJM LMTM  M OSC PCQSJR? CK D?JR? BC
    CDCGRMLMBCQCKNCLFM
    )97>9{3h>3915CD1DoCD931MQNCQOSGQ?BMPCQ?T?JG?KMQPCQSJR?BMQBCNPMHCRMQDSLB?KCLR?BMQL?MAMPP‘LAG?BCSK?
    BGDCPCL? CQR?RGQRGA?KCLRC QGELG¤A?RGT? 4K ?SKCLRM BC   LM BCQCKNCLFM NMBC LŽM QCP CQR?RGQRGA?KCLRC
    QGELG¤A?RGTM  K?Q SK? KSB?L? BCQQ? K?ELGRSBC NMBC D?XCP ? BGDCPCL? CLRPC MQ ?RJCR?Q E?LF?PCK MS NCPBCPCK
    KSGRMQCTCLRMQ
    3MBMQCQQCQD?RMPCQD?XCKAMKOSCQCH?LCACQQŠPGMJGKGR?P?QAMLAJSQCQ?PCQNCGRMB?C¤AG‘L
    ^G?BCSK?SV”JGMCPEME‘LGAM
    ?RGNMQCQNCA”¤AMQBCRCQRCQCR?PCD?Q ?QQGKAMKM?NMNSJ?CQCQNCA”¤A?Q AMKMGLBdT≤BpMQRPCGL?BMQMSLŽMRPCGL?BMQ
    BMQCQCQNCA”¤A?QBM?SV”JGMCPEME‘LGAMCQCMQCDCGRMQ QCCVGQRGPCK DMP?K?ESBMQMSAPšLGAMQ#CQQCKMBM NPCAGQMOSC
    MQNCQOSGQ?BMPCQBMCVCPA”AGMCBMCQNMPRCBCQCLFCKASGB?BMQ?KCLRCMQNPMHCRMQOSCGLTCQRGE?KMQCDCGRMQBMQ?SV”JGMQ
    CPEME‘LGAMQCGLRCPNPCRCKASGB?BMQ?KCLRCMQPCQSJR?BMQB?QNCQOSGQ?Q

    76:E@A=2463@
    2C SK ?RJCR? MS GL​BG​T”​BSM CK SK NPMHCRM BC NCQOSGQ? ?APCBGR? OSC M ?SV”JGM CPEME‘LGAM ?SKCLR?PŠ QCS BCQCKNCLFM  
    NPMTŠTCJ OSC M BCQCKNCLFM  BC D?RM  ?SKCLRC -CQQCQ A?QMQ  M ?SKCLRM LM BCQCKNCLFM NMBC QCP BCTGBM ?MQ CDCGRMQ
    NQGAMJ™EGAMQ B? APCL? BC OSC M ?SV”JGM CPEME‘LGAM QCPŠ CDCRGTM  C LŽM ?M CDCGRM ¤QGMJ™EGAM BM ?SV”JGM CPEME‘LGAM  SK
    DCLšKCLMAMLFCAGBMAMKMYCDCGRMNJ?AC@M^ QQGK SK@<1352? MSSK?QS@QR‹LAG?MSRP?R?KCLRMN?PCAGBMOSCLŽMRCK
    CDCGRM¤QGMJ™EGAM NPCAGQ?QCPGLAJS” _ MLMQNPMHCRMQBCNCQOSGQ?N?P?OSCMQCDCGRMQNQGAMJ™EGAMQQCH?KJCT?BMQCKAMLR?
    3?K@K  NMQQ”TCJ OSC SK NCQOSGQ?BMP ?APCBGRC OSC M ?SV”JGM CPEME‘LGAM RCPŠ CDCGRM NMQGRGTM LM BCQCKNCLFM (QQM
    NMBCPG? PCQSJR?P CK AMKNMPR?KCLRMQ GLAMLQAGCLRCQ BM NCQOSGQ?BMP OSC ?DCR?PG?K M PCQSJR?BM BM CQRSBM  AMKM MDCPCACP
    SKNMSAMK?GQBCCLAMP?H?KCLRM?MQGL​BG​T”​BSMQBSP?LRCMRCQRC$QQCNPM@JCK?AMLRPMJ?BMNMPSK45C5>8?4E@<?
    357?41@5CAE9C1 CKOSCLCKMQNCQOSGQ?BMPCQLCKMQGL​BG​T”​BSMQQ?@CKOSCKCQRŠPCAC@CLBMMQ?SV”JGMQCPEME‘LGAMQ
    MSMNJ?AC@M"MKCQQCRGNMBCBCQCLFMBCNCQOSGQ? MQGL​BG​T”​BSMQQŽMBCQRGL?BMQP?LBMKGA?KCLRC?PCAC@CP?QS@QR‹LAG?
    MSMRP?R?KCLRM MS! PCNPCQCLR?LBMMNJ?AC@MMSM?SV”JGMCPEME‘LGAM CLCLFSKBMQNCQOSGQ?BMPCQMSGL​BG​T”​BSMQQ?@C
    OSCKCQRŠPCAC@CLBMM?SV”JGMCPEME‘LGAMMSMNJ?AC@M NCL?Q?N™QM¤KBMNPMHCRMBCNCQOSGQ?CB??LŠJGQCCQR?R”QRGA?
    BMQPCQSJR?BMQN?P?BCRCPKGL?PQCM?SV”JGMCPEME‘LGAMDMGCDCRGTMOSCMQNCQOSGQ?BMPCQQŽMGLDMPK?BMQQC MS!CP?M
    ?SV”JGMCPEME‘LGAM$K@MP?CQQCQRGNMQBCBCQCLFMBCNCQOSGQ?QCH?KAMKNJCVMQCBGD”ACGQBCPC?​JG​X?P CJCQQŽMLCACQQŠPGMQ
    N?P?BGKGLSGP?NMQQG@GJGB?BCBMCDCGRMNJ?AC@MR?LRMLMQGL​BG​T”​BSMQOS?LRMLMQNCQOSGQ?BMPCQ5CP"?N”RSJMN?P?Q?@CP
    AMKMMQNCQOSGQ?BMPCQNPMBSXCKAMLFCAGKCLRML?AG‘L​AG?BMCVCPA”AGMCBMCQNMPRC

    ! 

    e5:7{4:=2A=:42C2A6DBF:D2D@3C6@2FI{=:@6C8@8y?:4@22E=6E2D622>3:6?E6D5642>A@A@C42FD2526DA64:L4:52565@DE6DE6D652D
    E2C672D5@FD@56:?​5:​G{​5F@D?v@EC6:?25@D@F>@56C252>6?E6EC6:?25@D56676:E@D565@D6D6DA64{L42D5@FD@4C€?:4@'#$&$
    28F5@652D5:76C6?w2D6?EC62DD:8?:L4t?4:2D6DE2E{DE:42D6ACsE:42D
    %676:E@A=2463@A@56276E2C2A6DBF:D2D@3C6@2FI{=:@6C8@8y?:4@
    &2C2=6G2C6>4@?E2@676:E@A=2463@@DA6DBF:D25@C6DAC64:D2>FE:=:J2C56D6?9@D56A6DBF:D22AC@AC:25@D4@>@@DAC@;6E@D56
    A6DBF:D25FA=@D468@D

    9D30B0>5>A=428<4=C>34>G86u=8>

    .MVGE‘LGMLCACQQŠPGMN?P?MKCR?@MJGQKM?CP™@GMCN?P??PCASNC​P?ŽM?N™QSKCTCLRM?L?CP™@GM$/.""?N”RSJM 
    Q?HSB?Q?MDMPLCAGKCLRMBCMVGE‘LGM?SKCLR?K?BGQNMLG@GJGB?BCBCMVGE‘LGMN?P?MKCR?@MJGQKMBSP?LRC??RGTGB?BC
    MS BSP?LRC ? PCASNC​P?ŽM BC SK? ?RGTGB?BC 2C ? BGQNMLG@GJGB?BC BC MVGE‘LGM BSP?LRC ? ?RGTGB?BC DMP ?SKCLR?B?  M
    BCQCKNCLFM NMBCPŠ QCP ?SKCLR?BM  CQNCAG?JKCLRC N?P? ?RGTGB?BCQ ?CP™@G?Q MS BC ,5+<9(5*, JK BGQQM  QC ?
    BGQNMLG@GJGB?BC BC MVGE‘LGM DMP ?SKCLR?B? BSP?LRC M NCP”M​BM BC PCASNC​P?ŽM ?N™Q ? ?RGTGB?BC  ? PCASNC​P?ŽM C ?
    F?@GJGB?BC BC PC?​JG​X?P QPGCQ QSACQQGT?Q BC ?RGTGB?BC NMBCPŽM QCP KCJFMP?B?Q BG?LRC  CVNJMP?PCKMQ TŠPG?Q K?LCGP?Q BC
    ?SKCLR?P?BGQNMLG@GJGB?BCBCMVGE‘LGMBSP?LRCC?N™Q??RGTGB?BC GLAJSGLBMM+6705.Q?LES”​LCM ?CPGRPMNMCRGL?$/. C?
    QSNJCKCLR?ŽMBCMVGE‘LGM.SRP?Q?HSB?QCQRŽMQCLBMBCQCLTMJTGB?Q?RS?JKCLRCCNMBCKLSLA?QCPSRGJGX?B?QNCJMQ?RJCR?Q
    NMPOSC QCPG?K D?AGJKCLRC BCRCAR?B?Q  K?Q NMBCK QCP SRGJGX?B?Q N?P? RP?R?P TŠPGMQ CQR?BMQ N?RMJ™EGAMQ $J?Q LŽM QCPŽM
    BGQASRGB?QCKNPMDSLBGB?BC?OSG K?QGLAJSCK

    5=1D945NPMRC”​L?QGLRRGA?OSCCQRGKSJ??NPMBSŽMBCFCKŠAG?QNCJ?JGE?ŽM?MQPCACNRMPCQBC$/.
    6705. 7m>93? KMBSJ?ŽM BMQ ECLCQ N?P? ?SKCLR?P ? NPMBSŽM BC FCKŠAG?Q CQRGKSJ?P ? NPMBSŽM BC $/.  MS
    6705.
    MSRPMQD?RMPCQPCJ?AGML?BMQAMK?QA?N?AGB?BCQ?CP™@G?QCLXGK?Q?CP™@G?Q
    &?D5>3914?B5C45?H97m>9?C1>7Eo​>5?QS@QR‹LAG?Q?PRG¤AG?GQOSCRP?LQNMPR?KMMVGE‘LGMNCJMQ?LESCA?PPCE?BMPCQ
    BCMVGE‘LGMAMK@?QCCKFCKMEJM@GL? CKSJQCQBCNCP¥SMPMA?P@MLM
    #?4E<14?B5C4585=?7<?29>1QS@QR‹LAG?QOSCBGKGLSCK??¤LGB?BCB?FCKMEJM@GL?NCJMMVGE‘LGM ?SKCLR?LBM
    ?QQGK?JG@CP?ŽMBCMVGE‘LGMN?P?MQRCAGBMQAJM¤@P?RM @CLX?¤@P?RM
    @A:?8D2?8F{​?6@
    .BMNGLEC1>7Eo​>5?QCPCDCPC?OS?JOSCPKCGMNCJMOS?JMTMJSKCQ?LES”​LCMRMR?JMS?K?QQ?BCFCKŠAG?Q?SKCLR??AGK?
    BMLMPK?J3MB?Q?QDMPK?QBC+6705.Q?LES”​LCMRGTCP?KSQMNPMG@GBMLMQ)MEMQ.J”KNGAMQBC.KRMBMMPGEGL?JBC
    +6705.Q?LES”​LCMCLTMJTG??GLDSQŽMBCFCKŠAG?QAMKMM@HCRGTMBC?SKCLR?PMLžKCPMBCQQ?QAJSJ?Q(QQMCP??JA?L?BM
    NMPDB1>C6ECj?1EDs<?71 CKOSC?QFCKŠAG?QPCRGP?B?QNPCTG?KCLRCB?KCQK?NCQQM?CP?KGLDSLBGB?Q MSNMPDB1>C6ECj?
    8?=s<?71 CKOSC?QFCKŠAG?QBCMSRP?NCQQM?CP?KGLDSLBGB?Q K@MQMQKRMBMQPCQSJR?T?KCK?SKCLRMBMTMJSKC
    Q?LES”​LCM C BM LžKCPM BC FCKŠAG?Q . M@HCRGTM BM +6705. Q?LES”​LCM  OS?LBM DCGRM NMP ?RJCR?Q   ?SKCLR?P ? K?QQ? BC
    FCKŠAG?QN?P?OSC?QF?@GJGB?BCQBCRP?LQNMPRCCDMPLCAGKCLRMBCMVGE‘LGMN?P?M​KžQASJM?SKCLRCK.+6705.Q?LES”​LCM
    ?DCR? NPGLAGN?JKCLRC M BCQCKNCLFM BC ,5+<9(5*, C LŽM M BCQCKNCLFM ?L?CP™@GM  AMKM M JCT?LR?KCLRM BC NCQM MS ?Q
    AMPPGB?QASPR?Q
    )ŠCKSKCQRSBMKMQRPMSOSC?PCRGP?B?BC?KlBCFCKŠAG?Q ?PCDPGECP?ŽMB?QAJSJ?QNMPQCK?L?QC
    QS?PCGLDSQŽMNMQRCPGMPPCQSJR?P?KCKKCJFMP?AMLQGBCPŠTCJLMQK?PA?BMPCQBMBCQCKNCLFMBC,5+<9(5*, PCGLDSQŽM
    BCFCKŠAG?QPCQSJRMSCKSK?SKCLRMBCLMNGAMBC5.L?CQRCGP?CSK?SKCLRMBCLMRCKNMBCBCQCKNCLFM
    L? CQRCGP? .SRPMQ CQRSBMQ ?N™Q  KMQRP?P?K PCQSJR?BMQ GLAMLQGQRCLRCQ  AMK ?JESLQ ?NPCQCLR?LBM LCLFSK CDCGRM C
    MSRPMQ?NPCQCLR?LBMKCJFMP?QQGELG¤A?RGT?QLMQK?PA?BMPCQBCBCQCKNCLFMBC,5+<9(5*,AMK+6705.Q?LES”​LCM$K
    SK CQRSBM OSC SRGJGXMS RP?LQDSQCQ ?SR™JME?Q AMKCMS ? PCTCJ?P NMP OSC M +6705. Q?LES”​LCM ?NPCQCLR?T? PCQSJR?BMQ
    GLAMLQGQRCLRCQ?PCQNCGRMBMBCQCKNCLFMBC,5+<9(5*,-CQQCCQRSBM AMPPCBMPCQBCBGQR‹LAG??JR?KCLRCRPCGL?BMQDMP?K
    RCQR?BMQLMQQCESGLRCQRCKNMQ
     LRCQB?PCRGP?B?BCQ?LESC
     +MEM ?N™Q ? PCRGP?B? BC Q?LESC ?LRCQ OSC ? PCRGP?B? B?Q FCKŠAG?Q NSBCQQC QCP PCNMQR? NCJM AMPNM NCJ?Q DMPK?Q
    ¤QGMJ™EGA?QLMPK?GQ
     N™QGLDSQŽMBCNJ?AC@MAMKQ?JGL??N™Q?PCRGP?B?BCQ?LESC
     N™Q?PCGLDSQŽMBCKlBCQ?LESCOSCDMP?K?PK?XCL?BMQNCJMAMLECJ?KCLRM
     N™Q?OS?LRGB?BCBCFCKŠAG?QPCRMPL?P?MLMPK?JBCNMGQB?PCGLDSQŽMBMQ?LESC
    .Q PCQSJR?BMQ BM NGAM BC 5. C BM RCKNM BC AMPPGB? ?R ? CV?SQRŽM QŽM KMQRP?BMQ L? %GESP?  .Q PCQSJR?BMQ
    KMQRP?K AJ?P?KCLRC OSC ? PCGLDSQŽM BC NJ?AC@M AMK Q?JGL? RCTC NMSAM CDCGRM $LRPCR?LRM  M NGAM BC 5. NCPK?LCACS
    CJCT?BM NMP ?R  QCK?L?Q ?N™Q ? RP?LQDSQŽM BC Q?LESC  C M RCKNM BC AMPPGB? ?R ? CV?SQRŽM BCAJGLMS EP?BS?JKCLRC ?
    N?PRGPBMNPGKCGPMBG??N™Q?RP?LQDSQŽM

    86DA0  548C>B3> B0=6Dw​=4>DC8;8H0=3>0A48=5DBr>34B0=6D4L?CH@OMŠI>?M;HAO?L?MOFN;?G


    OG ;OG?HNI >? 3, G†R ? HI N?GJI >? =ILLC>; ;NŒ ; ?R;OMNŠI  ;LL;M ##
     3, G†R <;LL;M 11 
     N?GJI >?
    =ILLC>;;NŒ;?R;OMNŠI 0CAHCV=;NCP;G?HN?>C@?L?HN?>IP;FIL>I=IHNLIF? >;JN;>;>?OC=E#'
    $F?>BCFF+
    #LI?M?
    "@@?=NI@CH>O=?>?LSNBLI=SNB?GC;IH;?LI<C=Q?L?=;J;=CNS 'JJF-BSMCIF X 

    /MP OSC M CQRSBM AGR?BM ?LRCPGMPKCLRC AMKCMS ? CVNJGA?P M KMRGTM BMQ PCQSJR?BMQ GLAMLQGQRCLRCQ ? PCQNCGRM BM
    BCQCKNCLFMBC,5+<9(5*,CBM+6705.Q?LES”​LCMKMQRP?BMBSP?LRCMQ?LMQ JESLQCQRSBMQB?BA?B?BCLŽM
    GLDSLBGP?KOS?LRGB?BCQS¤AGCLRCBCQ?LESCCGLDSLBGP?KMQ?LESCKSGRMACBM?N™QQS?PCRGP?B?/?PCACOSCNCJMKCLMQ
     Kl BC Q?LESC BCTCK QCP PCGLDSLBGBMQ C OSC BCTC QC ?ES?PB?P NCJM KCLMQ  ?  QCK?L?Q  NMQQGTCJKCLRC ?R BCX
    QCK?L?Q  ?N™Q ? PCRGP?B? BC Q?LESC ? ¤K BC OSC M AMPNM PCQR?@CJC? M TMJSKC Q?LES”i CM LMPK?J C ? GLDSQŽM BC Q?LESC
    PCQSJRC CK SK LžKCPM BC FCKŠAG?Q ?AGK? BM LMPK?J 2C CQQCQ BMGQ D?RMPCQ LŽM DMPCK M@QCPT?BMQ  MAMPPCPŠ NMSAM MS
    LCLFSK?SKCLRMLMNGAMBC5.MSLMBCQCKNCLFMBC,5+<9(5*,
    .SRPMD?RMPGKNMPR?LRCAMKMMQ?LESC?PK?XCL?BM?LRCQB?PCGLDSQŽM3?LRMMCQRSBMBC OSCLŽMKMQRPMS
    KSB?L? LM BCQCKNCLFM  OS?LRM M CQRSBM BC   OSC KMQRPMS BCQCKNCLFM ?SKCLR?BM  SRGJGX?P?K RP?LQDSQCQ
    ?SR™JME?QN?P??SKCLR?PMTMJSKCBCQ?LESC/MPK MCQRSBMBC?PK?XCLMSMQ?LESCSRGJGX?LBMPCDPGECP?ŽMCM
    CQRSBM BC  ?PK?XCLMS M Q?LESC AMLECJ?LBM M ?N™Q ? PCRGP?B?  PCDPGECP?ŽM BM Q?LESC PCQSJR? L? BCQRPSGŽM BC
    ?NPMVGK?B?KCLRC   B?Q FCKŠAG?Q C NCPKGRC M ?PK?XCL?KCLRM BM Q?LESC NMP ?NCL?Q ACPA? BC  QCK?L?Q .
    AMLECJ?KCLRMBMQ?LESCPCQSJR?CKBCQRPSGŽMBC?NPMVGK?B?KCLRCB?QFCKŠAG?QCNMBCQCPSRGJGX?BMNMPNCP”M​BMQ
    BCRCKNMKSGRMK?GMPCQ#CQQCKMBM MQCQRSBMQOSCPCDPGECP?T?KQ?LESCNMPJMLEMQNCP”M​BMQLŽMKMQRP?P?K?SKCLRM
    LMBCQCKNCLFMBC,5+<9(5*, CLOS?LRMCQRSBMQOSCAMLECJ?T?KMQ?LESCKMQRP?P?KR?J?SKCLRM2CM+6705.Q?LES”​LCM
    DMPPC?​JG​X?BMAMPPCR?KCLRC MAMPPCPŽM?SKCLRMQLMNGAMBC5.CLMBCQCKNCLFMBC,5+<9(5*,
    0S?JMR?K?LFMBM?SKCLRMLMBCQCKNCLFMOSCNMBCQCPCQNCP?BMAMKM+6705.Q?LES”​LCM QRP?LQDSQCQ?SR™JME?Q
    BC  Kl BC Q?LESC CK AMPPCBMPCQ BC BGQR‹LAG? CVNCPGCLRCQ BGKGLS”​P?K M RCKNM B?Q AMPPGB?Q BC MGRM OSGJšKCRPMQ
    QGKSJ?B?QCKCQRCGP?CKQCESLBMQ MS  OS?LBMAMKN?P?B?QAMKSK?GLDSQŽMBCKlBCNJ?AC@MQ?JGLM
    K?GMP N?PRC B? BGKGLSGŽM BM RCKNM MAMPPCS LMQ žJRGKMQ OS?RPM OSGJšKCRPMQ  OS?LBM M +6705. Q?LES”​LCM PCQSJRMS CK
    SK? BGKGLSGŽM BC  QCESLBMQ    BM RCKNM  OS?LBM AMKN?P?BM AMK M NJ?AC@M Q?JGLM JK BGQQM  MQ PCQSJR?BMQ
    GLBGA?KOSC?KCJFMP?AMKM+6705.Q?LES”​LCMBCTGB? CKEP?LBCN?PRC ?M?SKCLRMLMLžKCPMBCFCKŠAG?QCLŽM?
    SK?CVN?LQŽMBMTMJSKCQ?LES”​LCMRMR?JNJ?AC@MAMKQ?JGL? MOSCNMBCPG??SKCLR?PMB@GRMA?PB”?​AM
    .+6705.Q?LES”​LCM CQNCAG?JKCLRCOS?LBMPC?​JG​X?BMNMPKCGMBCRP?LQDSQŽMFMK™JME? RCK?JESLQPGQAMQGLCPCLRCQ.
    ?SKCLRM B? AMLR?ECK BC FCKŠAG?Q NMBCPG? PCQSJR?P LM ?SKCLRM B? TGQAMQGB?BC BM Q?LESC MS L? AM?​ESJ?ŽM  A?SQ?LBM
    NMQQGTCJKCLRC GLQS¤AG‘L ^G? A?PB”?
    ^? MS 5" Q RP?LQDSQCQ FMK™JME?Q ?NPCQCLR?K TŠPGMQ PGQAMQ ?BGAGML?GQ CK
    AMKN?P?ŽMAMK?QRP?LQDSQCQ?SR™JME?Q GLAMKN?RG@GJGB?BCCLRPCMRGNMBCQ?LESCBMBM?BMPCBMPCACNRMPNMBCPG?
    PCQSJR?PCKSK?PC?ŽM?JPEGA?CCVGQRCKPGQAMQBCGLDCAŽM AMKM?FCN?RGRC MT”PSQB?GKSLMBC¤AG‘L ^G?FSK?L?'(5
    MSOS?JOSCPMSRPMN?R™ECLMBCMPGECKQ?LES”​LC?.+6705.Q?LES”​LCM?SKCLR? BCD?RM MBCQCKNCLFMBC,5+<9(5*, K?Q
    CQRŠNPMG@GBMCKCTCLRMQ?RJRGAMQ4KRGNMK?GQPCACLRCBC+6705.Q?LES”​LCMOSCSRGJGX?MFMPKšLGM$/.CVNJMP?B?L?
    NP™VGK?QCŽM

    C:EC@A@6E:?2
    5B9DB?@?5D9>1&%SKFMPKšLGMBCMPGECKL?RSP?JOSCCQRGKSJ??NPMBSŽMBCFCKŠAG?QNCJ?KCBSJ?™QQC?TCP
    "?N”RSJM 0S?LBM?FGNMVG? MSD?JR?BCMVGE‘LGMQS¤AGCLRCLMQ?LESC NCPAC@GB?NCJMQPCACNRMPCQLMQPGLQ ?$/.
    NPMBSXGB?CJG@CP?B?L?AMPPCLRCQ?LES”​LC?/COSCL?QOS?LRGB?BCQBC$/.R?K@KQŽMNPMBSXGB?QNCJMD”E?BMKCLMQBC
    B?OS?LRGB?BCRMR?J COS?LRGB?BCQKSGRMNCOSCL?QNCJMCLAD?JM  $/.AGPASJ??R?KCBSJ?™QQC? MLBCQCJGE?
    ?MQ PCACNRMPCQ CQNCA”¤AMQ OSC CQRGKSJ?K ? CPGRPMNMCQC  MS DMPK?ŽM BC FCKŠAG?Q  C  QSNCPD”AGC BMQ CPGRPM@J?QRMQ  MS
    FCKŠAG?Q GK?RSP?Q  M OSC ?SKCLR? ? F?@GJGB?BC BMQ CPGRPM@J?QRMQ BC QM@PCTGTCP C K?RSP?P CK FCKŠAG?Q Q FCKŠAG?Q
    K?BSP?Q  MS CPGRP™AGRMQ  QŽM JG@CP?B?Q LM Q?LESC  ?SKCLR?LBM ? OS?LRGB?BC RMR?J BC FCKŠAG?Q (QQM ?SKCLR? M
    DMPLCAGKCLRM BC MVGE‘LGM N?P? MQ RCAGBMQ OSC NPMBSXCK $/.  @CK AMKM N?P? MQ MSRPMQ RCAGBMQ 2CK M CQR”KSJM B?
    FGNMVG? ?NPMBSŽMBC$/.NCJMQPGLQ D”E?BMCAPC@PMACQQ?
    $/.PCAMK@GL?LRCFSK?L?P'S$/. QCRMPLMSBGQNML”TCJCKCMQCSSQMDMGNPMG@GBMNCJ?"MKGQQŽM,BGA?
    BM"MKGR‘.J”KNGAM(LRCPL?AGML?J".( CK/MPK ?RJCR?QBC,5+<9(5*,AML​RG​LS?KRCLR?LBMSRGJGX?P?$/.N?P?
    ?SKCLR?P?QA?N?AGB?BCQBC,5+<9(5*, P'S$/.DMGBCQCLTMJTGB?MPGEGL?JKCLRCN?P?RP?R?PTŠPGMQCQR?BMQN?RMJ™EGAMQ
    AMKM?LCKG?CA‹LACP$LRPCR?LRM MQNMQQ”TCGQCDCGRMQB?GLHCŽMBCP'S$/.CKFSK?LMQQ?SBŠTCGQDMP?KKMQRP?BMQCK
     ?BKGLGQRP?ŽMBCP'S$/.?SKCLR?AJ?P?KCLRCMNGAMBC5.CMBCQCKNCLFMBCCVCPA”AGMQBC,5+<9(5*,R?LRM
    CKGL​BG​T”​BSMQLŽMRPCGL?BMQOS?LRMCKGL​BG​T”​BSMQOSCRPCGL?K,5+<9(5*,4KCQRSBMKMQRPMSOSC QCK?L?Q?N™Q?
    GLHCŽMQS@ASR‹​LC?BCNCOSCL?QBMQCQBCP'S$/.CKGL​BG​T”​BSMQKMBCP?B?KCLRCRPCGL?BMQ?@CKRPCGL?BMQ MAMPPCSM
    QCESGLRC

    .NGAMBC5.?SKCLRMSBC?
    .RCKNM?R?CV?SQRŽMCKSK?CQRCGP??SKCLRMSCLRPCC
    QAMLACLRP?CQBCFCKMEJM@GL?OS?LRMCBCFCK?R™APGRM?SKCLR?P?K?NPMVGK?B?KCLRC

    Q GLHCCQ BC P'S$/. CK ?RJCR?Q K?QASJG​LMQ @CK RPCGL?BMQ BC ,5+<9(5*,  TCXCQQCK?L? NMP  BG?Q MS ?R M
    FCK?R™APGRMAFCE?P?PCQSJR?P?KCK
    .FCK?R™APGRM?SKCLRMS  ? 
    .RCKNMBCAGAJGQKM?R?CV?SQRŽM?SKCLRMS  ? KGL
    .NGAMBC5.LMAGAJGQKM?SKCLRMS ? Kl\IEZ\KGLZ

    ?BKGLGQRP?ŽMBCP'S$/.DMGGLRCPPMKNGB?LCQQCCQRSBMOS?LBMMFCK?R™APGRMBCCP??JA?L?BM$LRPCR?LRM MQ
    L”TCGQ BC FCK?R™APGRM NMBCK CVACBCP BP?QRGA?KCLRC CQQC L”TCJ AMK ? ?BKGLGQRP?ŽM BC P'S$/. /MBCK MAMPPCP
    ?SKCLRMQCVRPCKMQLMFCK?R™APGRMCMSRPMQCDCGRMQAMJ?RCP?GQAMK??BKGLGQRP?ŽMBCP'S$/.
    RKMPRCQBCAGAJGQR?QBCAMKNCRGŽMLM¤L?JB?BA?B?BCDMP?KJGE?B?Q?MSQMBCP'S$/."MKMRMBMQMQ
    FMPKšLGMQ  SK? TCX OSC SK FMPKšLGM ?PRG¤AG?J  JG@CP?BM L? AMPPCLRC Q?LES”
    i C?  ?Q AMLQC
    l S‘LAG?Q QŽM BGD”ACGQ BC
    AMLRPMJ?PMSNPCTCP.QCDCGRMQAMJ?RCP?GQ?QQMAG?BMQQGLHCCQBCP'S$/.GLAJSCK

    SKCLRMB?TGQAMQGB?BCQ?LES”​LC?
    SKCLRMB??BCQŽMNJ?OSCRŠPG?
    SKCLRMB?AMLR?ECKNJ?OSCRŠPG?
    'GNCPRCLQŽM?PRCPG?J
    #MPBCA?@C?
    "™JGA?Q​KSQASJ?​PCQ
    (LDCACQLMRP?RMPCQNGP?R™PGMQSNCPGMP
    LCKG??N™QMRP?R?KCLRM
    "MLTSJQCQ
    #CQCLTMJTGKCLRMGLAMKNJCRMB?QFCKŠAG?Q

    $QQCQCDCGRMQAMJ?RCP?GQNCKM?RJCR?OSCCQAMJFCSRGJGX?P?P'S$/.CKSKPGQAMAMLQGBCPŠTCJBCGLD?PRMBMKGMAŠPBGM
    MSBCPP?KCCMSRPMQNPM@JCK?QAGPASJ?R™PGMQ
    $K@MP?MKCA?LGQKMNPGLAGN?JSRGJGX?BMNCJ?P'S$/.N?P??SKCLR?PMBCQCKNCLFMBC,5+<9(5*,QCH?NCJ??JRCP?ŽMB?
    AMLR?ECK BC FCKŠAG?Q  MSRP?Q ?CQ B? $/. R?K@K NMBCK ?SKCLR?P ?Q A?N?AGB?BCQ BC ,5+<9(5*, /MP CVCKNJM  CK
    P?RMQ ??BKGLGQRP?ŽMBC$/.QMXGLF?MSHSLRMAMK?AMPPGB?CKCQRCGP?PCQSJR?LŽMQ™LMFCK?R™APGRM?SKCLR?BM K?Q
    R?K@KCK

    "MLACLRP?CQ?SKCLR?B?QBCCLXGK?QKCR?@™JGA?QAGRMAPMKMCMVGB?QC AGRP?RMQGLR?QC DMQDMDPSRMOSGL?QC


    ,SB?L?QAMLRPŠRCGQ​KSQASJ?​PCQA?BCG?QNCQ?B?QBCKGMQGL?JCLR?Q?SKCLR?B?Q?QQMAG?B?QQ¤@P?Qh SQ​^SJ?mCQRGNM
    ( 

    .QCDCGRMQB??BKGLGQRP?ŽMBC$/.CMRPCGL?KCLRMBC,5+<9(5*,CKP?RMQQM@PCCQQCQD?RMPCQQŽM?BGRGTMQ(QQMQGELG¤A?
    OSCMQP?RMQOSCPCAC@CP?K$/.CLŽMQCCVCPAGR?P?K?NPCQCLR?P?KKSB?L?QNMQGRGT?QCKRMBMQMQD?RMPCQ?LRCPGMPCQ
    CLOS?LRM?OSCJCQOSCPCAC@CP?K$/.CQCCVCPAGR?P?KKMQRP?P?KPCQNMQR?Q?GLB?K?GMPCQCKRMBMQMQD?RMPCQ?LRCPGMPCQ

    *FA=6>6?E2wv@56@I:8y?:@
    CE@<5=5>D1kj?45?H97m>9?QCPCDCPC?M?SKCLRMBMAMLRCž​BMBCMVGE‘LGMMSB?NPCQQŽM@?PMKRPGA?BM?PGLQNGP?BM
    C?K@MQ?SKCLR?K?NPCQQŽMN?PAG?JBCMVGE‘LGM.?SKCLRMB?NPCQQŽMN?PAG?JBCMVGE‘LGMNMRCLAG?JKCLRC?SKCLR?M
    MVGE‘LGM A?PPCE?BM NCJM Q?LESC C  BCQQC KMBM  ? OS?LRGB?BC BC MVGE‘LGM BGQNML”TCJ N?P? M KCR?@MJGQKM ?CP™@GM
    QSNJCKCLR?ŽM BC MVGE‘LGM NMBCPG? QCP DCGR? GKCBG?R?KCLRC ?LRCQ  BSP?LRC MS GKCBG?R?KCLRC ?N™Q SK? QCQQŽM BC
    CVCPA”AGMQ JESLQ ?RJCR?Q NPM¤QQGML?GQ  AMKM MQ HME?BMPCQ BC DSRC@MJ ?KCPGA?LM  SRGJGX?K ? QSNJCKCLR?ŽM BC MVGE‘LGM
    BSP?LRCMQHMEMQ?APCBGR?LBMOSCCJ??SKCLR?PŠMBCQCKNCLFMMS?HSB?P?PCASNC​P?ŽM
     QSNJCKCLR?ŽM BC MVGE‘LGM GKCBG?R?KCLRC ?LRCQ BC SK? A?PE? BC RP?@?JFM NMBCPG? ?HSB?P LM BCQCKNCLFM NMP
    ?SKCLR?P ? OS?LRGB?BC BC MVGE‘LGM L? AMPPCLRC Q?LES”​LC?  M OSC NMBCPG? PCBSXGP ? BCNCLB‘LAG? B?Q DMLRCQ BC CLCPEG?
    ?L?CP™@G?Q ASPT?BCBGQQMAG?ŽMB?MVG FCKMEJM@GL?"?N”RSJM ?QQCESP?OSC CK?JRGRSBCQNP™VGK?Q?ML”TCJBMK?P
    ?QFCKŠAG?QCQRCH?KNP™VGK?Q?BCQ?RSP?ŽMBCMVGE‘LGM QQGK MMVGE‘LGMQSNJCKCLR?PCK?JRGRSBCQNP™VGK?Q?M
    L”TCJBMK?PQCPG?BCNMSAMT?JMPN?P??SKCLR?P?Q?RSP?ŽMBCMVGE‘LGMB?FCKMEJM@GL?.MVGE‘LGMQSNJCKCLR?PNMBC
    ?SKCLR?PJCTCKCLRC?OS?LRGB?BCBCMVGE‘LGMBGQQMJTGBMLMNJ?QK?$LRPCR?LRM AMKM?NCL?QSK?NCOSCL?OS?LRGB?BCBC
    MVGE‘LGMCQRŠBGQQMJTGB?LMNJ?QK? SK?SKCLRMRCPG?SKT?JMPK”LGKMLM?SKCLRMB?BGQNMLG@GJGB?BCBCMVGE‘LGM
    . MVGE‘LGM QSNJCKCLR?P GKCBG?R?KCLRC ?N™Q SK? A?PE? BC RP?@?JFM NMRCLAG?JKCLRC ?HSB? ? PCASNC​P?ŽM "?N”RSJM 
    NCJM ?SKCLRM B? BGQNMLG@GJGB?BC BC MVGE‘LGM BGQNML”TCJ N?P? M KCR?@MJGQKM ?CP™@GM BSP?LRC ? PCASNC​P?ŽM $/." 
    /MPK SK?NCQOSGQ?QSECPCOSC ?QQGKAMKM?QSNJCKCLR?ŽMBCMVGE‘LGMGKCBG?R?KCLRC?LRCQBCSK?A?PE?BCRP?@?JFM
    CK?JRGRSBCQNP™VGK?Q?ML”TCJBMK?P ?QSNJCKCLR?ŽMGKCBG?R?KCLRC?N™QSK?A?PE?BCRP?@?JFM?DCR?PG?KGLGK?KCLRC
    ?BGQNMLG@GJGB?BCBCMVGE‘LGMN?P?MKCR?@MJGQKM?CP™@GM1CQNGP?PBCMVGE‘LGMMS?PLMPK?JNMPOS?RPMKGLSRMQ
    ?N™QSK?AMPPGB?BCCQRCGP??R?CV?SQRŽMAMKBSP?ŽMBC?NPMVGK?B?KCLRCQCGQKGLSRMQLŽMPCQSJRMSCKAMLACLRP?CQ
    Q?LES”​LC?QBCJ?AR?RMKCLMPCQ?N™QMQOS?RPMKGLSRMQBCPCASNC​P?ŽM3?K@KLŽMFMSTCBGDCPCL?L?BSP?ŽMBCSK?
    QCESLB?AMPPGB??R?CV?SQRŽM?NPMVGK?B?KCLRCBMGQKGLSRMQ ?N™QMNCP”M​BMBCPCASNC​P?ŽMAMKPCQNGP?ŽMBC?PMSBC
    BCMVGE‘LGM$K@MP??GLDMPK?ŽMBGQNML”TCJQCH?K”LGK? CJ?GLBGA?OSCPCQNGP?PBCMVGE‘LGMCKSKNCP”M​BM
    BCPCASNC​P?ŽMLŽM?HSB?L?PCASNC​P?ŽMMSLMBCQCKNCLFML?NP™VGK?A?PE?BCRP?@?JFM
    2?@C QCFŠ@?QR?LRCRCKNMOSC?QSNJCKCLR?ŽMBCMVGE‘LGMBSP?LRCMCVCPA”AGMKCJFMP?MBCQCKNCLFM$K M
    KCQKM?LMCKOSC1MECP!?LLGQRCPQCRMPLMS?NPGKCGP?NCQQM??AMPPCP OSGJšKCRPMCKKCLMQBCOS?RPMKGLSRMQ
    CQQCNCQOSGQ?BMPKBGAMBCKMLQRPMSOSCM?SKCLRMBMNCPACLRS?JBCMVGE‘LGMLM?P?AGK?BMQLMPK?GQ?SKCLR?M
    RCKNMBCAMPPGB??R?CV?SQRŽM$KAGAJGQR?QBCCQRP?B?@CKRPCGL?BMQ CKAGAJGQR?Q6--96(+CCKRPG?RJCR?Q M?SKCLRMBM
    NCPACLRS?JBCMVGE‘LGMLM?POSCGLQNGP?BMCK?JRGRSBCQKMBCP?B?QKCRPMQ R?K@K?SKCLR?MBCQCKNCLFM 
    .Q?RJCR?QPC?​JG​X?P?KQCGQGLRCPT?JMQBCAGAJGQKMCLOS?LRMAMKNJCR?T?KSK?OS?LRGB?BCBCRP?@?JFM¤V?OSGJMHMSJCQ
    AMKMM@HCRGTMBCAMKNJCR?PMQGLRCPT?JMQMK?GQPŠNGBMNMQQ”TCJ.RCKNMKBGMRMR?JLCACQQŠPGMN?P?AMKNJCR?PMQQCGQ
    GLRCPT?JMQOS?LBMQCGLQNGP?T?BCMVGE‘LGMDMGBCQCGQKGLSRMQCQCESLBMQ0S?LBMCP?KPCQNGP?BMQCBC
    MVGE‘LGM  M RCKNM KBGM RMR?J LCACQQŠPGM BGKGLSGS CK  C   PCQNCARGT?KCLRC v GLRCPCQQ?LRC PCN?P?P OSC MQ  BC
    MVGE‘LGMPCQSJR?KL?KCQK?NPCQQŽMN?PAG?JBCMVGE‘LGMBMOSC?ML”TCJBMK?PL??JRGRSBCNPCQQŽM@?PMKRPGA? CKOSC
    MQGLRCPT?JMQDMP?KPC?​JG​X?BMQ
    JESLQ?RJCR?QOSCTGTCKCRPCGL?KCK?JRGRSBCQKMBCP?B?QMSK?GQ?JR?QNMPNCP”M​BMQJMLEMQNCPBCK?F?@GJGB?BCBC
    K?LRCPMPGRKMBCAMPPGB?BML”TCJBMK?PNMPOSCQMDPCKNCPB?B?Q?B?NR?CQNCPGDPGA?QCLCSPM​KSQASJ?​PCQ.MVGE‘LGM
    QSNJCKCLR?PNMBCQCPSRGJGX?BMAMKMKMQRP?BMNCJMQCQRSBMQBC6G@CP,;(3 AGR?BMQ?LRCPGMPKCLRC BSP?LRCQCQQCQBC
    RPCGL?KCLRMCK?JRGRSBCQKMBCP?B?QN?P?AMKNCLQ?P?NCPB?BCF?@GJGB?BCBCK?LRCPMPGRKMBCAMPPGB?BML”TCJBMK?P
    C  ?QQGK  ?HSB?P ? ?SKCLR?P M BCQCKNCLFM LM L”TCJ BM K?P ?N™Q M RPCGLM CK ?JRGRSBC %MG KMQRP?BM OSC M MVGE‘LGM
    QSNJCKCLR?P BSP?LRC ?Q QPGCQ BC RPCGL?KCLRM CK ?JRGRSBC @CLC¤AG? M BCQCKNCLFM LM L”TCJ BM K?P CK PCK?BMPCQ BC
    CJGRC ?RJCR?QBC,5+<9(5*,CTCJMAGQR?Q QQGK CK@MP?MMVGE‘LGMQSNJCKCLR?P?LRCQMS?N™QSK?QPGCBCCVCPA”AGMQ
    NMQQ? LŽM KSB?P QGELG¤A?RGT?KCLRC M BCQCKNCLFM  M SQM BM MVGE‘LGM QSNJCKCLR?P BSP?LRC M RPCGL?KCLRM CK ?JRGRSBC
    N?PCACRCPT?JMPN?P??KCJFMP?BMBCQCKNCLFMLMPCRMPLM?ML”TCJBMK?P

    ! 

    ;F52D 2@ 7@C?64:>6?E@ 56 @I:8y?:@ 2F>6?E2> A@E6?4:2=>6?E6 @ @I:8y?:@ 5:DA@?{G6= A2C2 @ >6E23@=:D>@ 26C3:@ 5FC2?E6 2
    2E:G:52566A2C2@AC@46DD@56C64FA6​C2wv@
    %FD@56EC2?D7FD‚6DBF2?5@@D2?8F6x2C>2J6?25@256BF252>6?E66BF2?5@F>2BF2?E:5256DFL4:6?E65696>s4:2Dx:?7F?5:52
    C6DF=E26>2F>6?E@5@?ƒ>6C@5696>s4:2D65@G@=F>6D2?8F{​?6@BF62F>6?E2>D:8?:L42E:G2>6?E62D42A24:5256D26C3:2D6@
    56D6>A6?9@
    %FD@56&%?v@DA@562F>6?E2C@?ƒ>6C@5696>s4:2D2D42A24:5256D26C3:2D6@56D6>A6?9@56 &# >2DE2>3x>
    A@56E6C676:E@D4@=2E6C2:D8C2G6D
    DFA=6>6?E2wv@56@I:8y?:@6?EC62DDxC:6D56EC232=9@A2C646D6C56A@F4@G2=@C?22;F5252C64FA6​C2wv@6?@56D6>A6?9@6>
    DxC:6D56EC232=9@DF3D6BF6?E6D?EC6E2?E@6=2E6>G2=@CA2C2>2?E6C2:?E6?D:52565@EC6:?2>6?E@BF2?5@D6EC6:?26>2=E:EF56
    @BF62;F52?@56D6>A6?9@56 &# ?@C6E@C?@2@?{G6=5@>2C

    )D?;4<4=C>B@D4A4C0A30<0503860

    ,SGRMQRGNMQBGDCPCLRCQBCQSNJCKCLRMQR‘KQGBMSRGJGX?BMQN?P?JGKGR?P?D?BGE?C?SKCLR?PMBCQCKNCLFM CMQSACQQM
    BCNCLBC B?Q AMLBGCQ CQNCA”¤A?Q BM CQDMPM BM CVCPA”AGM $QQCQ RGNMQ BC QSNJCKCLRMQ NMBCK DSLAGML?P CK ?JESK?Q
    QGRS?CQ  K?Q LŽM CK MSRP?Q  AMK @?QC LMQ CDCGRMQ CV?RMQ BM QSNJCKCLRM LMQ KCA?LGQKMQ OSC PCQSJR?K L? D?BGE? LM
    NPMACQQMAMKNJCVMB?D?BGE?

    +2>A@?2>6?E@5@D2?8F6
    .AMPNMPCESJ?¤L?KCLRCMN'Q?LES” i CM K?Q CKAMLBGCQBCD?BGE?MSBCCVCPA”AGMCVRPCKM MN'BMQ?LESCA?GB?
    D?GV?LMPK?JBMN'BC ? .CVCPA”AGMA?SQ?PŠSK?BGKGLSGŽMBMN'BMQ?LESC CMCVCPA”AGMGLRCLQMNPMBSXSK
    N'Q?LES”​LCMBC?NPMVGK?B?KCLRC M​KžQASJMNMBCAFCE?P?SKN'BC  $K?JESLQA?QMQ MN'Q?LES”​LCMNMBC
    BGKGLSGP ?GLB? K?GQ CK ?RJCR?Q AMK ?JRM AMLBGAGML?KCLRM ?L?CP™@GM  BGKGLSGŽM BM N'  A?SQ?B? NCJ? NPMBSŽM
    KCR?@™JGA?BC”M​LQBCFGBPME‘LGMCMSRPMQŠAGBMQ AMKMMŠAGBMJŠARGAM MŠAGBMNGPžTGAMCMŠAGBM?ARGAM$LRPCR?LRM SK
    ?SKCLRM B? ?AGBCX BCNCLBC LŽM Q™ B? NPMBSŽM BC ŠAGBMQ  K?Q R?K@K BMQ QGQRCK?Q BC R?KNML?KCLRM MS D1=@v5C
    C1>7Eo​>5?C.QGQRCK?BCR?KNML?KCLRMBM@GA?P@ML?RMMQGQRCK?BCR?KNML?KCLRMK?GQGKNMPR?LRCBMQ?LESCC
    ?HSB? ? K?LRCP SK N' AMLQR?LRC -M Q?LESC C LMQ ¥SGBMQ AMPNMP?GQ  M AMKNMQRM CLTMJTGBM AMK M QGQRCK? BC
    R?KNML?KCLRMBM@GA?P@ML?RMM@GA?P@ML?RMBCQ™BGM
    /MBCMAMPPCPSK?QPGCBCPC?CQCLTMJTCLBMM”M​L@GA?P@ML?RMOSC?DCR?KMN'Q?LES”​LCM
     .”M​L@GA?P@ML?RMPC?JKCLRC?@?QCAMLHSE?B?BMŠAGBMA?P@šLGAM
    '  '".Z :'".<N*? 
    :1C?ŽMŠAGBM @?QCLŽMCLXGKŠRGA?<
     /MPK MŠAGBMA?P@šLGAMAMLTCPRGBMP?NGB?KCLRCCK".CŠES?NCJ??LGBP?QCA?P@šLGA? RMPL?LBM QCSK?CQNAGC
    @CLGEL?
    :'".< ". '.N*? 
    :1C?ŽMCLXGKŠRGA?<
     .Q NPMBSRMQ B? PC?ŽM B? ?LGBP?QC A?P@šLGA?  OSC QŽM ŠES? C ".  QŽM @CLGELMQ  ŠES? NMBC QCP ?@QMPTGB? NCJMQ
    QGQRCK?QAMPNMP?GQCM".NMBCQCPCVNGP?BM
     '".ZC' NMBCKQCPPCESJ?BMQNCJMQKCA?LGQKMQ¤QGMJ™EGAMQOSCMNCP?KLMQPGLQ
    $KSK?PCTGQŽM?@P?LECLRC ,A-?SEFRML,;(3CV?KGL?P?KMQKCA?LGQKMQNMPRPŠQBMSQMBM@GA?P@ML?RMBCQ™BGM
    AMKMSKCPEME‘LGAMN?P??HSB?P?R?KNML?PMQCDCGRMQBP?KŠRGAMQBMCVCPA”AGMLMN'Q?LES”​LCMCAMKMGQQMNMBCQCP
    RP?BSXGBMCK?SKCLRMBCBCQCKNCLFM3GNGA?KCLRC ?BMQCSQ?B?BC E\IEBCK?QQ?AMPNMP?JZ,SGRMQCDCGRMQ
    AMJ?RCP?GQ AMKM?BG?PPCG? JGKGR?K??NJGA?@GJGB?BCBMSQMBCBMQCQK?GQ?JR?Q"MKMKMQRP?CQQ?PCTGQŽM MQCDCGRMQLM
    BCQCKNCLFMQŽMBCTGBMQBMQC ?MRCKNMB?GLECQRŽMCRMJCP‹LAG? NPMVGK?B?KCLRCB?QNCQQM?QLŽMRMJCP?K?
    QSNJCKCLR?ŽMAMK@GA?P@ML?RM JKBGQQM ?BCQGBP?R?ŽMC?QSQACRG@GJGB?BC?QQMAG?B??MCQRPCQQCBCA?JMPQŽMD?RMPCQ
    OSCBCTCKQCPKMLGRMP?BMQ$LRPCR?LRM ?QSNJCKCLR?ŽMAMK@GA?P@ML?RMBCQ™BGMNMBCQCPCDCRGT?N?P??SKCLR?PTŠPGMQ
    RGNMQBCBCQCKNCLFMCKOSC?BGKGLSGŽMBMN'Q?LES”​LCMNMBCCQR?P?QQMAG?B??MNPMACQQMBCD?BGE?.QCDCGRMQBM
    @GA?P@ML?RM LM BCQCKNCLFM NMBCK QCP NCOSCLMQ  K?Q QŽM QGELG¤A?RGTMQ  3?@CJ?  KMQRP? ?Q PCQNMQR?Q R”NGA?Q CK
    BGDCPCLRCQRGNMQBC?RGTGB?BCQ

    2C82567@D72E@
    $K@MP? QCH? SK R?KNŽM BC N' KCLMP LM ​KžQASJM CQOSCJRGAM  M DMQD?RM GLMPE‹LGAM AMLRPG@SG N?P? MQ KCA?LGQKMQ BC
    R?KNML?KCLRM .SRPMQ R?KNCQ LM ​KžQASJM CQOSCJRGAM GLAJSCK M ?KGLMŠ​AGBM FGQRGBGL? C ? A?PLMQGL? 2C MQ L”TCGQ
    GLRP?ACJSJ?PCQCCVRP?ACJSJ?PCQBCDMQD?RMCQRGTCPCK?SKCLR?BMQ K?GQDMQD?RMCQR?PŠBGQNML”TCJN?P?MKCR?@MJGQKM?CP™@GM
    CN?P?SQMAMKMR?KNŽMAMKMM@GA?P@ML?RM +CK@PC QCBCOSC?NPMBSŽM?CP™@G?BCRPGDMQD?RMBC?BCLMQGL?: 3/<
    PCOSCPFGBPME‘LGMC BCQQCKMBM BGKGLSG??AGBCX (QQMJCTMS?MAMLACGRMBMSQMBCSKQSNJCKCLRMOSCAMLRCLF?/GN?P?
    ?SKCLR?PCQQCQNPMACQQMQ$VGQRCKNMSAMQPCQSJR?BMQQM@PCCQQCRGNMBCQSNJCKCLRMLSRPGAGML?J CQS?C¤AG‘L^G?JGKGR?B?
    NCJ?PCESJ?ŽM?JR?KCLRCAMLRPMJ?B?BMDMQD?RMGLMPE‹LGAMNCJMQPGLQ$KSKCQRSBMBC*P?CKCP,;(3 AGAJGQR?QBCCQRP?B?
    ?JR?KCLRCRPCGL?BMQPC?​JG​X?P?KOS?RPMRCQRCQBC?PP?LA?B?BCNCB?J?B?BCQCESLBMQRCQRCBC6GLE?RC QCN?P?BMQNMP
    BMGQ KGLSRMQ  AMK MS QCK QSNJCKCLRM AMK KžJRGNJMQ R?KNCQ AMLRCLBM NPCBMKGL?LRCKCLRC DMQD?RM GLMPE‹LGAM
    @GA?P@ML?RMCA?PLMQGL?.QNPGLAGN?GQ?AF?BMQDMP?KOSCCQQCQSNJCKCLRMBGCRRGAMLŽM?DCRMSMCOSGJ”@PGM?AGBM@ŠQGAM
    C LŽM KCJFMPMS MQ BCQCKNCLFMQ LMQ RCQRCQ BC 6GLE?RC /?PCAC OSC CJC ?HSBMS CK ?JESLQ K?PA?BMPCQ BC PCASNC​P?ŽM
    CLRPCMQRCQRCQL”TCGQ?SKCLR?BMQLMN™Q CVCPA”AGMBC  #/&CB?R?V?BC  #/&'@ $LRŽM ?A?PE?BCDMQD?RMLŽM
    N?PCACQCPSK?K?LCGP?KSGRMC¤AGCLRCBC?SKCLR?PMBCQCKNCLFMBC?JR?GLRCLQGB?BC

    ! 

    %DDFA=6>6?E@DBF6C6E2C52>2725:8272J6>:DD@E2>A@?2?5@224:56JAC@5FJ:52A6=@>6E23@=:D>@
    %3:42C3@?2E@56D5:@A@56C6DF=E2C6>2F>6?E@DA6BF6?@D>2DD:8?:L42E:G@D?@56D6>A6?9@
    42C82567@D72E@?v@A2C646E6C?6?9F>676:E@?2923:=:525656C62​=:​J2C2E:G:5256D562=E2:?E6?D:5256

    '-.18- 215@;?0;.5/->.;:-@;01?k05;:;01?19<1:4;

    >B46M *4<?>34
    :634 20AA460<4=C>
    #>3>344G4A2w28>>D4G4A2w28> <0BB0 0=C4B3>
    DC>A 4B?42wJ2>344B?>AC4 2>A?>A0;L  4G4A2w28> 548C>4A6>6u=82>A4;0C03>
    $VCPA”AGMBCQPGCžLGA?JGQR?BMQNMPB?R?BCNS@JGA?ŽM
    +GLBF,;(3 -?R?ŽMBCKJGTPCQ   ?KGL ↓MQRCKNMQKBGMQBCBCQCKNCLFM
     LMQCLQ?GMQAMK-?'".ACPA?BC
    Q
    2GCEJCP,;(3 "GAJGQKM?R?CV?SQRŽM?BM   KGL -CLFSK?BGDCPCL?LM3 $
     ///
    1M@CPEQ,; "GAJGQKM?R?CV?SQRŽM?BM   KGL -CLFSK?BGDCPCL?LM3 $
    (3  /// -?'".
     "GRP?RM
    BCQ™BGM
    5?L "MPPGB??R?CV?SQRŽMD?GV?BC?   KGL ↑LMCLQ?GMBC-?'".ACPA?BC
    ,MLRDMMPR,; IK\FZ -?'".6<  
    (3    ↑LMCLQ?GMBC"GRP?RMBCQ™BGM
    "GRP?RMBC ACPA?BC 
    Q™BGM6<  ↑LMCLQ?GMBC+?AR?RMBCQ™BGM
    +?AR?RMBC ACPA?BC 
    Q™BGM
    1?WKCP,; $VCPA”AGMAMK?LRC@P?M?R?   KGL ↑LM3 $CLM///LMCLQ?GMBC
    (3  D?BGE? -?'".ACPA?BC
    &MPBML,; 3CQRCBC6GLE?RCBCQ? IE\  E KGL -CLFSK?BGDCPCL?
    (3  IEBCK?QQ?AMPNMP?JZ
    $VCPA”AGMQAMKQPGCQKžJRGNJ?Q
    ,?RQSSP?,; #CX21BCQQCN?P?B?QNMP  BGTGBM KGL -CLFSK?BGDCPCL?LMNGAMMSL?
    (3  PCASNC​P?ŽMN?QQGT?D?GV?BC? CKQCGQ KBG?BCNPMBSŽMBCNMR‘LAG?
    Q NCP”M​BMQBC
    GLECQRŽM?
    A?B?KGL
    PRGMJG,;(3 #CQCKNCLFMQGKSJ?BMBCHSBš   KGL  K?GQ?PPCKCRGB?QLMCLQ?GMBC
     KCBGBMCKLžKCPMBC -?'". @CKAMKM​L?NMR‘LAG?
    ?PPCKCRGBMQ KBG?LMRCQRCBC6GLE?RCN?P?MQ
    KCK@PMQQSNCPGMPCQ
    ,CPM,;(3 -?R?ŽMGLRCPT?J?B?nKAMK   KGL ↓LMQCESLBMRCKNMBCL?R?ŽMLM
     KGLBCBCQA?LQMN?QQGTMCLRPCMQ CLQ?GMBC-?'".ACPA?BC Q (
    GLRCPT?JMQ
    !GQFMN,;(3 2PGCBC21R?V?BCRP?@?JFMN?P?   KGL ↑LMRP?@?JFMRMR?JC​↑LMRP?@?JFM
     BCQA?LQMBC CL?//L?QQPGCQ?
    QAFCL@?AF .GRMGLRCPT?JMQBCQBCCVCPA”AGM   #GTGBGBMCK -CLFSK?BGDCPCL?
    ,;(3  KŠVGKMAMKM?LRC@P?MQBC BMQCQGES?GQBC
    PCASNC​P?ŽM?RGT?CLRPC?QQPGCQ CKGL
    #CQCKNCLFMBC,5+<9(5*,
    !GQFMNC #MGQRCKNMQBCKGLBC?RGTGB?BC  BS?Q #GTGBGBMCK -CLFSK?BGDCPCL?LMRP?@?JFM
    "J?SBGSQ CQNCA”¤A?BCF™OSCGGLRCPKGRCLRC TCXCQ CKGL RMR?JCKKGL​↑LMRP?@?JFM
     PC?​JG​X?BMCKBCQCESLB?Q
    KCR?BCQ
    /PGAC,;(3 #MGQCLQ?GMQBCKGLBCAGAJGQKM   KGL ↑L?KBG?PCJ?R?B?BC//BSP?LRC
     GLRCPKGRCLRC CQDMPMQBC?PP?LA?B?KŠVGK?
    2RCNFCLQ,; KGLBCAGAJGQKMAMLR”LSM?ACPA?  KGL KGL -CLFSK?BGDCPCL?LMBCQCKNCLFM
    (3  BCBM5\.KŠVQCESGBMQNMP BCRCKNMBC
    SK?AMPPGB?BCBCQCKNCLFMRCKNM GLECQRŽM
    N?P?AMKNJCR?PhI)BC
    RP?@?JFM
    "?PE?APšLGA?
    #MSPMSBMQ QBC6GLE?RC IE\IEBC  NMPBG?Q -CLFSKLMBG? ↑L?NMR‘LAG?KBG??NCL?QCK 
    ,;(3  K?QQ?AMPNMP?JZ  NMPBG?Q BMRCQRC EBC-?'".
    $BEC,;(3 ?GLRCPT?JMQBCBMGQKGLSRMQBC  BS?Q CKGL ↑LMBCQCKNCLFMLM++?N™Q
     AGAJGQKM??BM++?JK TCXCQ QCK?L?QBCRPCGL?KCLRMAMK
    BMRPCGL?KCLRMPCEGKCLR?P -?'".

    (4QM?BGAGML?JBCQSNJCKCLR?ŽMBCAPC?RGL?"P K?QLŽMFMSTCCLQ?GM?NCL?QAMK"PL?KCRMBMJMEG?
    ///NGAMBCNPMBSŽMBCNMR‘LAG?//NPMBSŽMBCNMR‘LAG?3 $RCKNM?R?CV?SQRŽM21QPGCPCNCRGB?++JGKG?P
    BCJ?AR?RM
    B?NR?B?AMKNCPKGQQŽMCKMBG¤A?B?BC,A-?SEFRML+1 2GCEJCP) ,GBEJCW $PEMECLGACDDCARQMDQMBGSK
    @GA?P@ML?RC"SPP2NMPRQ,CB1CN Z

    >A<|=8>B

    .Q FMPKšLGMQ QSPECK L?RSP?JKCLRC LM AMPNM JESLQ FMPKšLGMQ ?DCR?K ? Q”LRCQC ​KSQASJ?P BC NPMRC”​L?Q C M SQM BC
    QS@QRP?RMQKCR?@™JGAMQ PCQSJR?LBMNMQQGTCJKCLRCCK?SKCLRMB?K?QQ?​KSQASJ?P$QQ?K?QQ?​KSQASJ?P?SKCLR?B?PCQSJR?
    NMRCLAG?JKCLRCCKDMP?KŠVGK??SKCLR?B?(QQMD?XAMKOSC?JESLQFMPKšLGMQQCH?K?RP?RGTMQAMKMNMQQ”TCGQ?SV”JGMQ
    CPEME‘LGAMQ ?MQ ?RJCR?Q  GLECQRŽM BC FMPKšLGMQ R?K@K  SRGJGX?B? N?P? AMLRPMJ?P M AGAJM KCLQRPS?J  M OSC R?K@K
    NMBCPG??DCR?PMBCQCKNCLFMD”QGAM LRCPGMPKCLRCHŠDMGBGQASRGB??K?LCGP?AMKMMQFMPKšLGMQCVCPACKQS?QGL​¥S‘L^G?Q
    QM@PC ?Q DSLCQ AMPNMP?GQ "?N”RSJM   CLRŽM LŽM QCPŠ CVRCLQGT?KCLRC AMKCLR?B? ?OSG .Q NMQQ”TCGQ CDCGRMQ BMQ
    FMPKšLGMQSRGJGX?BMQK?GQAMKSKCLRCNMP?RJCR?QQM@PCMBCQCKNCLFMD”QGAMQCPŽMBGQASRGBMQL?NP™VGK?QCŽM

    DE6C@:56D
    4KPCTGQŽMPCACLRC?@P?LECLRCQM@PCMSQMBCCQRCPMGBCQ?L?@™JGAMQCBMFMPKšLGMBMAPCQAGKCLRM&' DMGNS@JGA?B?
    CKSK?NMQGŽMBCBCQR?OSCNCJ?(;065(3 ;9,5.;/(5+65+0;06505.::6*0(;065 RCQRMQRCPML?RCKNPMNPGCB?BCQR?LRM
    ?LBPME‘LGA?QA?P?ARCP”QRGA?QQCVS?GQQCASLBŠPG?Q OS?LRM?L?@™JGA?QN?P?PC?​JG​X?PMSNPMKMTCPMAPCQAGKCLRM  QKSGR?Q
    DMPK?QQGLRRGA?Q?@SQ?B?QNCJMQ?RJCR?QQŽMRMB?QDMPK?QBMFMPKšLGMK?QASJG​LMRCQRMQRCPML?%GESP? /MPA?SQ?B?Q
    KSGR?Q ?JRCP?CQ L? RCQRMQRCPML? BGQNML”TCGQ ?RS?JKCLRC  SRGJGX? QC ?EMP? M RCPKM SQM MS ?@SQM BC ?LBPME‘LGMQ "MKM
    BGQASRGBMCKBCR?JFCQLM"?N”RSJM ?RCQRMQRCPML?MNPGLAGN?JFMPKšLGM CKFMKCLQ OSCCQRGKSJ?MQA?P?ARCPCQQCVS?GQ
    QCASLBŠPGMQBSP?LRC?NS@CPB?BCCQGL?JGX?MQCDCGRMQ?L?@™JGAMQAMKMRPCGL?KCLRMBCCVCPA”AGMQ RCQRMQRCPML?CQRGKSJ?
    MQ CDCGRMQ ?L?@™JGAMQ NMP GLRCPKBGM BM PCACNRMP BC ?LBPME‘LGMQ CK SK CJCKCLRM PCESJ?R™PGM BM #-  B? AJSJ? Q
    AMLACLRP?CQBCRCQRMQRCPML?QŽM?TCXCQKCLMPCQCKKSJFCPCQ$K@MP?CJ??GLB?QCH?@?QR?LRCC¤AGCLRCCSRGJGXC
    MQ KCQKMQ KCA?LGQKMQ  AMLACLRP?CQ K?GQ @?GV?Q D?XCK AMK OSC QCS N?NCJ QCH? KCLMQ NPMLSLAG?BM  @?GV?
    AMLACLRP?ŽMCKKSJFCPCQSK?P?XŽMN?P?OSC?QKSJFCPCQOSCRPCGL?KL?RSP?JKCLRCLŽMRCLF?KOSCQCNPCMASN?PCK
    ¤A?P AMK h žQASJMQ CVRPCK?KCLRC EP?LBCQ $LRPCR?LRM  AMK R?GQ AMLACLRP?CQ @?GV?Q LM AMPNM  M SQM BC ?LBPME‘LGMQ
    QGLRRGAMQ  CVRPCK?KCLRC C¤AGCLRC CK KSJFCPCQ  NPMKMTCLBM KSB?L?Q CK KSGRMQ RCAGBMQ AMPNMP?GQ OSC NMBCK QCP
    GPPCTCPQ”TCGQNCV A?P?ARCP”QRGA?QQCVS?GQQCASLBŠPG?Q /MPR?LRM MSQMBC?LBPME‘LGMQNMPKSJFCPCQRCKAMLQC​OS‘LAG?Q
    QPG?Q
    "J?P?KCLRC MSQMBC?LBPME‘LGMQQGLRRGAMQAMKSKNPMEP?K?BCRPCGL?KCLRMBCPCQGQR‘LAG??SKCLR?BP?K?RGA?KCLRC
    ?DMP? ?NMR‘LAG?CMR?K?LFM​KSQASJ?P JKBMK?GQ GQQM?HSB???SKCLR?P?PCASNC​P?ŽMBCSKCVCPA”AGMCBMCQDMPM
    BCSK?AMKNCRGŽM AMK@GL?ŽMBMQ@CLCD”AGMQ@CKAMLFCAGB?NMPRPCGL?BMPCQC?RJCR?QCDCXAMKOSCMSQMBCQQ?Q
    QS@QR‹LAG?Q?L?@™JGA?QDMQQCRCLR?BMPNMPKSGRMQ?LMQ.QCDCGRMQAMJ?RCP?GQCMQPGQAMQBMSQMBC?LBPME‘LGMQR?K@K
    QŽM@CKAMLFCAGBMQCGLAJSCK?CVNSJQŽMB?AMKNCRGŽM M¤KB?A?PPCGP?C?NCPB?BM:;(;<:BCFCP™GLMQCSCQNMPRCN
    CV NCPB?BCGLBGA?CQ?MQAMPPCBMPCQB?D?K? PCRGP?B?BCR”RSJMQCKCB?JF?Q NCPB?¤L?LACGP?A?SQ?B?NCJ?QSQNCLQŽMBMQ
    N?RPMA”LGMQ CRA  $LRPCR?LRM  ?LBPME‘LGMQ BCQCLTMJTGBMQ K?GQ PCACLRCKCLRC  AMKM ? RCRP?GBPMECQRPGLML? 3'&  ?GLB?
    ?N?PCACKCKACL? NMGQLŽMQŽMRCQR?BMQLMQRCQRCQBCQS@QR‹LAG?QSRGJGX?B?QK?GQAMKSKCLRCCLŽMQŽMBCQAM@CPRMQNCJ?Q
    ?E‘LAG?Q OSC PC?​JG​X?K MQ RCQRCQ BC QS@QR‹LAG?Q ?T?L?BMQ ?R OSC ?JESLQ ?RJCR?Q HŠ RCLF?K SRGJGX?BM CQQCQ ?LBPME‘LGMQ
    BGAGML?JKCLRC  AML​RG​LS? ? @SQA? NMP LMT?Q K?LCGP?Q BC CQA?N?P B? BCRCAŽM B?Q QS@QR‹LAG?Q ?L?@™JGA?Q NCJMQ RCQRCQ BC
    +6705. #CQQC KMBM  M AMK@?RC ?M SQM BCQQ?Q QS@QR‹LAG?Q GJCE?GQ LM CQNMPRC AML​RG​LS? ? QCP SK BCQ?¤M N?P? MQ ™PEŽMQ
    EMTCPL?KCLR?GQBMCQNMPRC,SGRMQBMQCDCGRMQAMJ?RCP?GQBMQBGDCPCLRCQRGNMQBC?LBPME‘LGMQDMP?KTGQRMQCPCJ?AGML?BMQ
    AMKMRGNMBC?LBPME‘LGMQGLRRGAMOSCDMGM@HCRMBC?@SQM.-?RGML?J(LQRGRSRCMD#PSE @SQC BMQ$4 BMASKCLRMS
    ?JESLQBMQNPGLAGN?GQCDCGRMQAMJ?RCP?GQBMSQMBC?LBPME‘LGMQQGLRRGAMQ CQŽMCJCQ
    .?@SQMBCCQRCPMGBCQNMBCJCT?P?NPM@JCK?QBCQ?ž​BCQPGMQ MSKCQKMGPPCTCPQ”TCGQ$LRPCMQK?GQNCPGEMQMQCQRŽM
    MB?LMFCNŠRGAM GARCP”AG?NGEKCLR?ŽM?K?PCJ?B?B?NCJC BMQRCAGBMQCBMQ¥SGBMQAMPNMP?GQ PCRCLŽMBC¥SGBMQ
    NPCQQŽMQ?LES”​LC?CJCT?B? ?SKCLRMQBM+#+ "AMJCQRCPMJPSGK CBGKGLSGŽMBM'#+ "AMJCQRCPMJ@MK .SRPMQ
    CDCGRMQPCJ?R?BMQGLAJSCKGLQS¤AG‘L ^G?PCL?J ?ALCEP?TCCRPCKMP JKBGQQM CVGQRCKCDCGRMQAMJ?RCP?GQCQNCA”¤AMQ
    N?P?MQCVMC?GB?BC
    /?P? FMKCLQ Z CLAMJFGKCLRM BMQ RCQR”ASJMQ  AMLR?ECK BC CQNCPK?RMXMGBCQ PCBSXGB?  GLDCPRGJGB?BC  A?JT”AGC
    ?SKCLRMB?QK?K?QCPGQAMBCA‹LACPBCNP™QR?R??SKCLR?BM
    /?P? KSJFCPCQ Z APCQAGKCLRM BC NCJMQ D?AG?GQ  A?JT”AGC BC N?BPŽM K?QASJG​LM  KSB?L?Q MS ACQQ?ŽM BM AGAJM
    KCLQRPS?J APCQAGKCLRMBMAJGR™PGQ CLEPMQQ?KCLRMB?TMX
    /?P??BMJCQACLRCQZGLRCPPSNŽMBMAPCQAGKCLRMNMPA?SQ?B?K?RSP?ŽMNPCK?RSP?BMCQOSCJCRMC?ACJCP?ŽMB?Q
    KSB?L?QB?NS@CPB?BCMQ?BMJCQACLRCQAMPPCKMPGQAMBCLŽM?JA?L?PQS??JRSP?CQNCP?B?QCSQ?PCKCQRCPMGBCQ
    ?L?@MJGX?LRCQ?LRCQBMNGAMBCAPCQAGKCLRMR”NGAMB??BMJCQA‘LAG?
    JK BGQQM  ?Q NCQQM?Q OSC GLHCR?K CQRCPMGBCQ ?L?@MJGX?LRCQ AMPPCK SK PGQAM ?BGAGML?J BC AMLRP?”​PCK MS
    RP?LQKGRGPCK'(5Q”LBPMKCB?GKSLMBC¤AG‘L ^G??BOSGPGB? (#2 MSFCN?RGRC OSCA?SQ?B?LMQQPGMQ?MD”E?BM
    86DA0  %7>A<|=8>B4GD0;<0B2D;8​=>C4BC>BC4A>=020=C>BD?4A8>A4B@D4A3>5>8<>38J203>34<D8C0B
    <0=48A0BMGI>CV=;‹™?MA?L;FG?HN?G;HNG;?MNLONOL;>?;H?F<†MC=;>;N?MNIMN?LIH;?GCG?NCT;MO;M;‹™?M
    VMCIF•AC=;M

    @C>€?:@9F>2?@5@4C6D4:>6?E@
    .FMPKšLGMBMAPCQAGKCLRM&' DPCOSCLRCKCLRCAF?K?BMBCFMPKšLGMFSK?LMBMAPCQAGKCLRM'&' OS?LBML?
    DMPK?BCQSNJCKCLRMD?PK?AMJ™EGAMN?QQMS?PCAC@CP@?QR?LRC?RCLŽMBMQ?RJCR?QLMQžJRGKMQ?LMQ"MKM?SKCLRM
    BCQM¤QRGA?ŽMBMQRCQRCQN?P?SQMBC?LBPME‘LGMQQGLRRGAMQ M'&'QCRMPLMSMDŠPK?AMBCCQAMJF?CLRPC?JESLQ?RJCR?Q
    L?RCLR?RGT?BCM@RCP?JESLQ@CLCD”AGMQAMKSK?QS@QR‹LAG??L?@™JGA?$LRPCR?LRM RCKQGBMSRGJGX?BMSKRCQRCOSCN?P?M
    SQM BM &' OSC DMG BCQCLTMJTGBM FŠ NMSAM RCKNM "?N”RSJM   ,SGRMQ RPCGL?BMPCQ C ?RJCR?Q LŽM CQRŽM AGCLRCQ BC OSC M
    '&'BCTCQCPRMK?BM?NCL?QNMPKCGMBCSK?GLHCŽMCOSCCJCBCTCQCPK?LRGBMPCDPGECP?BMMSQCBCEP?B?PŠ D?XCLBM
    AMKOSCQCH?GLC¤AGCLRC2CSN?NCJ¤QGMJ™EGAMGKNSJQGML?PMAPCQAGKCLRM™QQCMJGLC?PCKAPG?L?Q NMP?EGPL?QCN”¤QCQ
    NJ?A?Q BC APCQAGKCLRM  C L? BGDCPCLAG?ŽM BMQ MQRCM​@J?QRMQ  C NMP NPMKMTCP M KCR?@MJGQKM ?L?@™JGAM DMPK?ŽM BC
    RCAGBM PCQSJR?LBMCKSKAMPNM?JRCP?BM Q?CQBM&'GLAJSCK?Q”LRCQCFCNŠRGA?CJMA?JC?JG@CP?ŽMBCQCSNPGLAGN?J
    KCBG?BMP MD?RMPBCAPCQAGKCLRMQCKCJF?LRCGLQSJGL? ((&% ( $JCAMKN?PRGJF??JESLQBCQQCQN?NG​QAMKM(&% ( M
    OSC OSCP BGXCP OSC M CDCGRM BGPCRM BM &' CMS ? NPMBSŽM JMA?J BC (&% ( QŽM ?K@MQ LCACQQŠPGMQ N?P? M APCQAGKCLRM
    ™RGKM "MKM BGQASRGBM LM "?N”RSJM   M &'  SK? D?K”JG? BC NMJGNCNR”BGMQ C LŽM SK FMPKšLGM žLGAM $LRPCR?LRM  ?
    DMPK? BC  I#?  AMK  ?KGLMŠ​AGBMQ   ? OSC  DCGR? NCJM #-  C  ? OSC ?Q AMKN?LFG?Q D?PK?A‘SRGA?Q NPMBSXCK C
    KMBG¤A?KN?P?MSQMAJ”LGAM,SGR?QB?Q?CQBM&'NMBCKQCP?RPG@S”_ ?Q?SK?T?PG?ŽMBM&' MSSK??EPCE?ŽMBM
    &'?NPMRC”​L?QJGE?BMP?Q D?XCLBM ?QQGK AMKOSCMRCQRCN?P?MSQMBC&'QCH?BCQ?¤?BMPBMNMLRMBCTGQR??L?J”RGAMC
    JCE?J /MPK  AMKM TGQRM LM "?N”RSJM   SK LMTM RCQRC N?P? +6705. BC &' DMG GKNJCKCLR?BM NCJ? 6MPJB LRG #MNGLE
    ECLAWCRCKQGBMSRGJGX?BMN?P?BCRCAR?PMSQMBC&'NMP?RJCR?Q
    "MK BMQCQ AMLTCLAGML?GQ  DMG KMQRP?BM OSC M '&' LŽM N?PCAC QCP SK? QS@QR‹LAG? ?L?@™JGA? C¤AGCLRC N?P? NCQQM?Q
    K?GQ HMTCLQ MS SK ?ECLRC ?LRGCLTCJFCAGKCLRM N?P? MQ GBMQMQ  M OSC D?X AMK OSC QCS SQM QCH? ?GLB? K?GQ QSQNCGRM 
    "MLRSBM SKCQRSBMBC&P?F?K,;(3KMQRPMSKCJFMP?Q?ASPRMNP?XML?NPMBSŽMBCDMP?​KSQASJ?PCLMKCR?@MJGQKM
    BC NPMRC”​L?Q AMK M SQM ?ESBM BC  BG?Q NMP NCQQM?Q LŽM RPCGL?B?Q 4K CQRSBM BC ,CGLF?PBR ,; (3 ?T?JGMS ?
    QSNJCKCLR?ŽMAMK'&'KE\BG?ZGLHCR?BMQBCDMPK?QS@ASR‹​LC? NMPQCK?L?QCKFMKCLQCCKKSJFCPCQ NCL?Q
    CK FMKCLQ  CJCQ R?K@K ?T?JG?P?K M &' C ? RCQRMQRCPML?  KE \ QCKZ GLHCR?BMQ BC DMPK? GLRP?​KSQASJ?P  MS
    RP?R?KCLRMQ AMK@GL?BMQ .Q ?SRMPCQ BGQQCP?K OSC YCK NPGKCGPM JSE?P  ? K?QQ? ACJSJ?P AMPNMP?J L? JGLF? BC @?QC DMG
    AMPPCJ?AGML?B? AMK RMB?Q ?Q KCBGB?Q BC BCQCKNCLFM D”QGAM $K QCESLBM JSE?P  M FMPKšLGM BM APCQAGKCLRM BGKGLSGS
    QGELG¤A?RGT?KCLRC ? K?QQ? BC EMPBSP?  ?SKCLRMS ? K?QQ? AMPNMP?J K?EP? NMP SK ?SKCLRM BC ŠES? CVRP?ACJSJ?P C
    ?SKCLRMS?K?QQ?ACJSJ?PAMPNMP?JOS?LBM?BKGLGQRP?BMAMKRCQRMQRCPML?$KRCPACGPMJSE?P MFMPKšLGMBMAPCQAGKCLRM
    JCTMS ? KCJFMP?Q CQR?RGQRGA?KCLRC QGELG¤A?RGT?Q L? A?N?AGB?BC BC ?PP?LOSC  OSC LŽM DMP?K K?LRGB?Q ?N™Q M NCP”M _ M BC
    PCRGP?B?BCQCK?L?QCKSKEPSNMKGQRSP?BMBCFMKCLQCKSJFCPCQ C?QKCJFMP?QDMP?KK?GMPCQOS?LBMMFMPKšLGM
    BM APCQAGKCLRM DMG ?BKGLGQRP?BM AMK ? RCQRMQRCPML? CK FMKCLQ %GL?JKCLRC  KSB?L?Q L? K?QQ? ACJSJ?P AMPNMP?J LŽM
    DMP?K AMPPCJ?AGML?B?Q AMK ?Q KCJFMPG?Q L? A?N?AGB?BC BC ?PP?LOSC  CVACRM OS?LBM M FMPKšLGM BM APCQAGKCLRM DMG
    ?BKGLGQRP?BMAMK?RCQRMQRCPML?^ CVRCLQŽMBCSQMC?QBMQCQBC'&'SRGJGX?B?QNMP?RJCR?QQŽMBGD”ACGQBCBCRCPKGL?P
    .Q@CLCD”AGMQ?GLB?QŽM?K@”ESMQCNMBCKLŽMT?JCPMQPGQAMQ?QQMAG?BMQ?MQCDCGRMQAMJ?RCP?GQOSC?AMKN?LF?KQCSSQM
    CQNCAG?JKCLRC NMPOSC M GKN?ARM TCPB?BCGPM TCK AMK M SQM AMLAMKGR?LRC BC RCQRMQRCPML? .Q CDCGRMQ AMJ?RCP?GQ
    CQNCAG?JKCLRCBC?JR?QBMQCQBC'&' GLAJSCK

    3B?=571<91 SK? BMCL​? BM APCQAGKCLRM ™QQCM ?LMPK?J C EGE?LRGQKM (LRCPCQQ?LRCKCLRC  KSGRMQ ¤QGASJRSPGQR?Q
    NPCAGQ?K BC AGPSPEG? NJŠQRGA? N?P? AMPPGEGP ?JESK?Q B?Q KSB?L?Q ?L?RšKGA?Q  CQNCAG?JKCLRC ?Q KSJFCPCQ N CV
    GLRCPTCLCQCKL?PGXCMPCJF?Q .QCDCGRMQAMJ?RCP?GQPCJ?AGML?BMQAMKCQQ?BMCL​?GLAJSCK
    /CJCŠQNCP? MJCMQ?CCQNCQQ?
    2SMPCVRPCKMCMBMPAMPNMP?J
    /COSCL?QNPMRS@CP‹LAG?QLMRCAGBMB?NCJC?APMA™PBMLQ
    $V?SQRŽMCDP?OSCX?​KSQASJ?P
    5MXEPMQQ?CPMSA?A?SQ?B?NCJMCQNCQQ?KCLRMB?QNPCE?QTMA?GQCQCGMQN?P?L?Q?GQ
    1MLAMGLRCLQMBCTGBMM@QRPSŽMB?QTG?QPCQNGP?R™PG?QQSNCPGMPCQ
    5GQŽMNPCHSBGA?B?BMPCQBCA?@C?
    +”LES?GLAF?B?
    #MPCKM@GJGB?BCJGKGR?B?B?Q?P​RGASJ?CQ
    (PPCESJ?PGB?BCQLMAGAJMKCLQRPS?JCKKSJFCPCQ
    (LAF?MBMD”E?BM AMP?ŽM PGLQ @?MCMSRPMQ™PEŽMQ
    3?K?LFMBMNCGRM?SKCLR?BMNCGRMCK@?PPGJ
    9@?7<935=91 @?GV? AMLACLRP?ŽM B? EJGAMQC Q?LES”​LC? JESK?Q NCQQM?Q AMK FGNMEJGACKG? R?K@K R‘K KSGR?
    GLQSJGL? OSCNPMKMTC?A?NR?ŽMBCEJGAMQCNCJ?QAJSJ?Q.&'CQRGKSJ??JG@CP?ŽMBCEJGAMQCNCJMN‹L​APC?QC?
    GLQSJGL?KCBCG??Q@?GV?QAMLACLRP?CQBCEJGAMQCQ?LES”​LC?NCJMCQR”KSJMBCQS?CLRP?B?L?QAJSJ?Q
    9CD5>Cj?124?=9>1<31EC141@5<?3B5C39=5>D?4?CsB7j?C9>D5B>?C
    )o>4B?=54?Dw>5<4?31B@?AMKNPCQQŽMBMLCPTMLMNSJQM OSCA?SQ?BMPBCTGBM?MAPCQAGKCLRM™QQCM
    ?B>1C1B​D93E<1kv5CGQQMNMBCMAMPPCPBCTGBM?MAPCQAGKCLRM OSCNPMKMTCCDCGRMQQM@PCMRCAGBMAMLCARGTMB?Q
    ?P​RGASJ?CQ

    ?DF=:?2
    "MKM BGQASRGBM LM "?N”RSJM   ? GLQSJGL?  GKNMPR?LRC N?P? ? PCNMQGŽM FMPKML?J CK N?AGCLRCQ ASHM N‹L​APC?Q LŽM
    AMLQCESC NPMBSXGP GLQSJGL? BG?@CRCQ RGNM (  .Q ?RJCR?Q SRGJGX?K CQQ? QS@QR‹LAG? N?P? RCLR?P KCJFMP?P ? AMKNMQGŽM
    AMPNMP?J MS QCS BCQCKNCLFM AMK @?QC CK QS?Q NPMNPGCB?BCQ NPMKMRMP?Q BC APCQAGKCLRM  AMKM SK FMPKšLGM L?RSP?J
    QCAPCR?BMCKPCQNMQR?QPCDCGCQC?MCVCPA”AGM.N?NCJNPGLAGN?JBMFMPKšLGM?PCESJ?ŽMDMPRCB?EJGAMQCQ?LES”​LC?
    $J?  ?HSB?B? NCJ?Q ?CQ BM QCS FMPKšLGM ?LR?EMLGQR? EJSA?EML $LRPCR?LRM  CJ? R?K@K  TGQR? AMKM SK? QS@QR‹LAG?
    ?L?@MJGX?LRC CNMSAMQPCQSJR?BMQPCQN?JB?KQCSSQMAMKCQQCNPMN™QGRM2CSQCDCGRMQBCKCBG?ŽMB?Q”LRCQCNPMRCGA?L?Q
    AJSJ?QQŽMBCTGBMQ?MQQGQRCK?QBCQGL?JGX?ŽMKCBG?BMQNMPPCACNRMPCQN?P?MCQR”KSJMB?Q”LRCQCBCNPMRC”​L?Q @CKAMKM
    NCJ? A?NR?ŽM BC EJGAMQC  C¤AG‘L^G? BCQQC FMPKšLGM AMKM SK DŠPK?AM ?GLB? LŽM CQRŠ AJ?P? NMP A?SQ? BC QCSQ CDCGRMQ
    BP?KŠRGAMQ QM@PC M KCR?@MJGQKM BC EJGAMQC C NMP QS? PCBSLB‹LAG? AMK MSRPMQ FMPKšLGMQ ?L?@™JGAMQ  OSC LŽM QŽM
    PCESJ?BMQRŽMNPCAGQ?KCLRC.QCDCGRMQAMJ?RCP?GQNMBCKQCPEP?TCQ CGLAJSCKCQR?BMQFGNMEJGA‘KGAMQ?JMLEMNP?XM KMPRC
    A?SQ?B?NCJMAFMOSCBCGLQSJGL?CB?LMCLACDŠJGAM

    2E@C6D564C6D4:>6?E@D6>6=92?E6Du:?DF=:?2
    QQGKAMKMM&' M(&% (DMGAMLQGBCP?BMSK?SV”JGMCPEME‘LGAMAMK@?QCCKQCSQN?NG​QAMLFCAGBMQLM?L?@MJGQKMBM
    RCAGBM ​KSQASJ?P "MKM TGQRM LM "?N”RSJM   QCSQ KžJRGNJMQ N?NG​Q CK TŠPGMQ RCAGBMQ ?JTM D?XCK AMK OSC QCSQ CDCGRMQ
    AMJ?RCP?GQQCH?KNMRCLAG?JKCLRCBP?KŠRGAMQNCV A‹LACPCQ #CTGBMQS?PCJ?ŽMAMKM&' QCSGKN?ARMLCE?RGTMQM@PC
    ?JG@CP?ŽMCDSLŽMLMPK?GQBC&'AMKNPMKCRGB? RMKMKCLRM CVGQRCNMSAMMSLCLFSKPCQSJR?BMCVNCPGKCLR?J
    N?P?CLRCLBCP?C¤AG‘L ^G?B?QSNJCKCLR?ŽMBC(&% (CK?RJCR?Q

    @?EC246AE:G@D@C2:D
    .SQMBCAMLRP?ACNRGTMQMP?GQ"". QCRMPLMSKSGRMNMNSJ?PCLRPC?RJCR?QDCKGLGL?Q C?EMP?QC?APCBGR?OSCQCSSQMQCH?
    RŽMAMKSKCLRPC?RJCR?QOS?LRML?NMNSJ?ŽMCKECP?J$KEP?LBCN?PRC QS?NMNSJ?PGB?BC?RPG@S”​B??MQPC¤L?KCLRMQ
    B?Q BMQCQ C BMQ RGNMQ BC CQRPME‘LGMQ C NPMECQR™ECLMQ SRGJGX?BMQ $K ECP?J  ?Q BMQCQ SRGJGX?B?Q FMHC CK BG? QŽM KSGRM
    KCLMPCQBMOSC?QNPCAMLGX?B?QOS?LBMMQNPGKCGPMQ"".QCRMPL?P?KBGQNML”TCGQ BCKMBMOSCMQCDCGRMQQCASLBŠPGMQ
    QŽM  B? KCQK? DMPK?  KCLMQ NPMLSLAG?BMQ #CNCLBCLBM B?Q BMQCQ C BMQ CQRCPMGBCQ QCVS?GQ AMLRGBMQ LCJCQ  MQ "".
    NMBCK QCP AJ?QQG¤A?BMQ ?KNJ?KCLRC CK RP‘Q A?RCEMPG?Q KMLMDŠQGAMQ  @GDŠQGAMQ MS RPGDŠQGAMQ #MQ RP‘Q  MQ "".
    KMLMDŠQGAMQ C RPGDŠQGAMQ QŽM  BC JMLEC  MQ K?GQ NPCQAPGRMQ ?RS?JKCLRC Q @o<E<1C 1>D93?>35@39?>19C ?B19C =?>?6gC931C
    QŽMDMPKSJ?B?QN?P?K?LRCPMQL”TCGQBCCQRPME‘LGMCBCNPMECQRME‘LGMAMLQR?LRCQBSP?LRCRMBMMAGAJMKCLQRPS?JBC
    BG?Q $K AMLRP?QRC  ?Q @o<E<1C 1>D93?>35@39?>19C ?B19C DB96gC931C BGQNCLQ?K RP‘Q BMQCQ BGDCPCLRCQ BC CQRPME‘LGM  C CK
    ECP?JBCNPMECQRME‘LGM ?MJMLEMBMAGAJMBCBG?Q"MKMPCQSJR?BM MQL”TCGQAGPASJ?LRCQBCQQCQFMPKšLGMQCQRCPMGBCQ
    T?PG?K BC ?AMPBM AMK M GLRCPT?JM BC  QCK?L?Q "MKM ?Q KSJFCPCQ NMBCK PCQNMLBCP BC DMPK? @?QR?LRC BGDCPCLRC ?MQ
    RGNMQCQNCA”¤AMQBC"".CCVGQRCKKSGR?QT?PG?CQR?LRMBMQ"".KMLMDŠQGAMQOS?LRMBMQRPGDŠQGAMQ BGD”AGJAFCE?P?
    AMLAJSQCQ?@P?LECLRCQ?PCQNCGRMBMGKN?ARMBMQ"".LMBCQCKNCLFM?RJRGAM
    4K? NPCMASN?ŽM NPGLAGN?J AMK ?Q KSJFCPCQ OSC SQ?K "".  OSC CJCQ NMBCK A?SQ?P PCRCLŽM BC ŠES? C
    AMLQCOSCLRCKCLRC E?LFMBCNCQM#CD?RM ?QBCQAPGCQBCQCLQ?ŽMBCGLAF?MQŽMAMKSLQCLRPC?RJCR?QCLŽM?RJCR?Q
    LŽMGKNMPR?QCCJ?QRMK?K"".KMLMDŠQGAMQMSRPGDŠQGAMQ(LBCNCLBCLRCKCLRCB?AMLQGQR‘LAG?B?QPCAJ?K?CQQM@PC?
    QCLQ?ŽMBCGLAF?M ?QNCQOSGQ?QGLBGA?KOSCM:;(;<:BMRPCGL?KCLRMNMBCBCRCPKGL?PQCME?LFMBCNCQMMAMPPCBCD?RM
    $QNCAG¤A?KCLRC ?NMSA?NCQOSGQ?BGQNML”TCJQSECPCOSCKSJFCPCQRPCGL?B?QNMBCKCVNCPGKCLR?PSKE?LFMBCNCQMBC
    ?R  IE LM NCP”M​BM BC  KCQCQ  CLOS?LRM KSJFCPCQ LŽM RPCGL?B?Q LŽM KMQRP?P?K ?JRCP?ŽM LM NCQM AMPNMP?J JK
    BGQQM ?QKSB?L?QL?AMKNMQGŽMAMPNMP?JNMBCK?AMKN?LF?PMSQMBC"".$KN?P​RGASJ?P MQ"".RPGDŠQGAMQDMP?K
    ?QQMAG?BMQ?SK?NMPACLR?ECK?SKCLR?B?BCEMPBSP?AMPNMP?JOS?LBMRMK?BMQNMPNCJMKCLMQKCQCQ $QQ?K?QQ?
    BMEMPBSP??SKCLR?B? RGNGA?KCLRCCLRPCC NMBCQCPNPM@JCKŠRGA?CKCQNMPRCQOSCCLAMP?H?KCKECP?JK?QQ?C
    EMPBSP?AMPNMP?GQK”LGK?Q AMKM?QAMPPGB?QBCBGQR‹LAG?C?EGLŠQRGA?
    "MKM KCQKM ? NPMECQRCPML? CLB™ECL?  AMLFCAGB? NMP GL¥SCLAG?P ? PCESJ?ŽM B? RCKNCP?RSP? ACLRP?J  LŽM 
    QSPNPCCLBCLRCOSCQCS?LŠJMEMQGLRRGAM MNPMECQRME‘LGM OSCSRGJGX?BMCK"". R?K@K?DCRC?RCKNCP?RSP?GLRCPL?
    BCKSJFCPCQOSCBCJCQD?XCKSQM#CD?RM OS?LBM?QAMLACLRP?CQBCNPMECQRME‘LGMQŽMK?GQ?JR?QBSP?LRCMAGAJMBC
    BG?Q B? NPCQAPGŽM BC "".  ? RCKNCP?RSP? ACLRP?J R?K@K ?SKCLR? (QQM  K?GQ ™@TGM OS?LBM QC SRGJGX?K MQ "".
    RPGDŠQGAMQ CKOSC?QBMQCQBCNPMECQRME‘LGMT?PG?KBSP?LRCMGLRCPT?JMBCBG?Q$K"".KMLMDŠQGAMQ CKOSC?BMQC
    BC NPMECQRME‘LGM NCPK?LCAC CQRŠTCJ  R?K@K ¤A? CQRŠTCJ ? RCKNCP?RSP?  K?Q CK T?JMPCQ K?GQ ?JRMQ BM OSC MQ AMLRPMJCQ
    N?P?OSCLŽMQCH?NPCQAPGRM"".$KCQNMPRCQCKOSC?RCPKMPPCESJ?ŽM?BCOS?B?CQQCLAG?JN?P?MBCQCKNCLFM™RGKM
    AMKMAMPPGB?BCBGQR‹LAG?MSDSRC@MJ M?SKCLRMB?RCKNCP?RSP?ACLRP?JGLBSXGBMNCJM"".NMBCRCPCDCGRMQNPCHSBGAG?GQ
    4K? NCQOSGQ? PCACLRC  CLRPCR?LRM  N?PCAC AMLRP?BGXCP CQQ? QSNMQGŽM PKQRPMLE ,; (3 KMQRP?P?K OSC KSJFCPCQ OSC
    SRGJGX?T?K"".QC?B?NR?P?K?MCQRPCQQCBMRPCGL?KCLRMBC,5+<9(5*,C?AJGK?R?ŽM?MA?JMPRŽM@CKOS?LRMKSJFCPCQ
    OSCLŽMRMK?T?K"".
    JK B? PCESJ?ŽM B? RCKNCP?RSP?  MSRP? ​ŠPC? CK OSC MQ "". N?PCACK CVCPACP SK? GL​¥S‘L^G? QS@QR?LAG?J  L?
    SRGJGX?ŽMBCQS@QRP?RMQ3?LRMLMPCNMSQMOS?LRMBSP?LRCMCVCPA”AGM KSJFCPCQRPCGL?B?QCLŽMRPCGL?B?QSRGJGX?LBM"".
    ?NPCQCLR?P?KSK?BCNCLB‘LAG??SKCLR?B?BMQJGN”BGMQN?P??NPMBSŽMBC 3/C AMKMPCQSJR?BM SKCDCGRMBCCAMLMKG?
    BCEJGAME‘LGM vAJ?PMOSCCQQCCDCGRMBCCAMLMKG?BCEJGAME‘LGMQCPG?T?LR?HMQMCKCTCLRMQBCJMLE?BSP?ŽM AMKM
    SK?K?P?RML?/MPK CQQC@CLCD”AGM?GLB?LŽMDMGAML¤PK?BMAGCLRG¤A?KCLRC
    $KKSJFCPCQOSCSQ?K"".KMLMDŠQGAMQ CKOSCM:;(;<:BMQCQRCPMGBCQCLB™APGLMQK?LRGBMAMLQR?LRCBSP?LRCRMBM
    MAGAJMBCBG?Q NCQOSGQ?QAFCE?P?K?PCQSJR?BMQAML¥GR?LRCQ?PCQNCGRMBMQ"".LM5.KŠV$K@MP?SKCQRSBMOSC
    CV?KGLMSMNGAMBCA?N?AGB?BC?CP™@G?BSP?LRCKCQCQRCLF?BMASKCLR?BMSK?BGKGLSGŽMQGELG¤A?RGT?LM5.KŠVBC
    ACPA?BC MSRPMCQRSBMOSC?T?JGMSMQCDCGRMQ?ASPRMNP?XMRP‘QQCK?L?Q BMQ"".KMLMDŠQGAMQLŽMDMP?KA?N?XCQ
    BC GBCLRG¤A?P OS?JOSCP T?PG?ŽM L? A?N?AGB?BC ?CP™@G? JK B?Q BGDCPCL?Q L? BSP?ŽM BM SQM BC "".  R?K@K 
    GKNMPR?LRCPCN?P?POSCKSJFCPCQOSCCVNCPGKCLR?P?KBCAPQAGKMQL??NRGBŽM?CP™@G?CP?K¤QGA?KCLRC?RGT?Q CLOS?LRM
    ?OSCJ?QOSCLŽMCVNCPGKCLR?P?KLŽMCP?KRPCGL?B?Q
    M AMLRPŠPGM B? D?JR? BC CTGB‘LAG? AMK MQ "". KMLMDŠQGAMQ  M GKN?ARM BMQ "". RPGDŠQGAMQ L? A?N?AGB?BC ?CP™@G?
    KŠVGK? QŽM @CK AJ?PMQ 4K? NCQOSGQ? KMQRPMS AMLQGQRCLRCKCLRC OSC KSJFCPCQ OSC CQR?T?K RMK?LBM "". RPGDŠQGAMQ
    CVG@GP?KBCAPQAGKMQQGELG¤A?RGTMQLM5.KŠV#SP?LRCMGLRCPT?JMBCBMGQAGAJMQAMKNJCRMQBC"". ?BGKGLSGŽMBM
    NGAMBCA?N?AGB?BC?CP™@G?DMGBCACPA?BC K?Q ?N™QQCGQAGAJMQ CJ?DMGBCACPA?BC-CQQCNMLRM MPCQSJR?BM
    QSECPCOSCMQ"".KMLMDŠQGAMQQCPG?KK?GQ?BCOS?BMQN?P??RJCR?QDCKGLGL?QBC,5+<9(5*,
    $K@MP?MQ"".KMLMDŠQGAMQLŽMN?PC?KGL¥SCLAG?PMBCQCKNCLFM?L?CP™@GM CVGQRCSK?CTGB‘LAG?BCOSC OS?LBM
    QCSRGJGX?KDMPKSJ?CQRPGDŠQGA?Q MCVCPA”AGMBCASPR?BSP?ŽMKŠVGKMK?GQGKNPCQQGML?LRCL?D?QCBMAGAJMBCBG?Q
    CKOSCMQL”TCGQBCCQRPME‘LGMCBCNPMECQRME‘LGMCQRŽMK?GQ@?GVMQ%MGQSECPGBMOSCCQQ?QKCJFMP?QLMBCQCKNCLFM
    ?L?CP™@GMCQRCH?KPCJ?AGML?B?QAMK?A?N?AGB?BCBCR?KNML?KCLRMBMJ?AR?RMC ?QQGK B?PCESJ?ŽMBM/'LMQ​KžQASJMQ
    OSCAMLRP?CK
    MAMLRPŠPGMBMOSCMAMPPCLMBCQCKNCLFM?L?CP™@GM ?JGRCP?RSP??PCQNCGRMB?GLRCP?ŽMCLRPC?DMP?​KSQASJ?PCMQ
    "".AMLQGQRCLRC-CKMQ"".KMLMDŠQGAMQLCKMQRPGDŠQGAMQ?JRCP?K?NPMBSŽMKŠVGK?BCDMP?NCJMQ​KžQASJMQ
    (QQMTCPB?BCR?LRMN?P??RJCR?QDCKGLGL?QOS?LRMN?P?KSJFCPCQLŽMRPCGL?B?Q
    "MKM FŠ KSGR?Q T?PG?CQ CLRPC MQ "".   BGD”AGJ AFCE?P ? AMLAJSQCQ Q™JGB?Q ? PCQNCGRM B? QS? GL​¥S‘L^G? LM
    BCQCKNCLFM?RJRGAM.QPCQSJR?BMQK?GQAMLQGQRCLRCQN?PCACKQCPMQQCESGLRCQ

    DMP?LŽMQCLQ”TCJQ¥SRS?CQLM:;(;<:FMPKML?JA?SQ?B?QNCJMQ"".
    .BCQCKNCLFM?L?CP™@GMNMBCT?PG?P?MJMLEMBMAGAJMBCBG?QBMQ"".RPGDŠQGAMQK?QLŽMBMQKMLMDŠQGAMQ BC
    KMBMOSCMBCQCKNCLFMAFCE??MKŠVGKMOS?LBMMQCQRCPMGBCQQCVS?GQCQRŽMK?GQ@?GVMQ
    ?NRGBŽM?CP™@G?BGKGLSGAMKMSQMBC"".RPGDŠQGAMQ

    ! 

    %FD@56E6DE@DE6C@?26>4@?;F?E@4@>F>AC@8C2>256EC6:?2>6?E@56C6D:DEy?4:2A@562F>6?E2C27@Cw22A@Ey?4:26@E2>2?9@
    >FD4F=2C>2D42FD2A@E6?4:2=>6?E6DxC:@D676:E@D4@=2E6C2:D
    @>32D66>F>6DEF5@@A@56E6C2=8F>2D2w‚6D2?23=:42D676E:G2DA2C2@D2E=6E2D>2DE6>676:E@D4@=2E6C2:DDxC:@D
    DEv@5:DA@?{G6:DA@F4@D525@DBF62A@:6>2:56:25@FD@56:?DF=:?26564@>@DF3DEt?4:2D2?23@=:J2?E6D
    D>F:E2DG2C:2w‚6D52DA{=F=2D2?E:4@?46A4:@?2:D@C2:D72J6>4@>BF6D6;25:7{4:=49682C24@?4=FD‚6D2C6DA6:E@5@56D6>A6?9@
    7{D:4@?EC6E2?E@C6A2C6@D68F:?E6
    DG2C:2w‚6D9@C>@?2:D42FD252DA6=@D%5FC2?E6@4:4=@>6?DECF2=?v@A2C646>276E2C27@Cw2
    %D % EC:7sD:4@D A@56> 276E2C @ 56D6>A6?9@ 2?26C3:@ 4@> @ 56D6>A6?9@ 49682?5@ 2@ >sI:>@ BF2?5@ @D 6DE6C@:56D
    D6IF2:D6DEv@>2:D32:I@D
    D42A24:5256D26C3:2D5:>:?F6>4@>@FD@56%EC:7sD:4@D

    &A{7>A<|=8>B

    -?QNP™NPG?QTG?Q@GMQQGLRRGA?QL?RSP?GQBMAMPNMOSCJCT?KNPMBSŽMBCRCQRMQRCPML?ZOSCRCKCDCGRMQNMRCLRCQQM@PC?
    DMPK?ŽMBC​KžQASJMZCVGQRCKNPMBSRMQGL​RCP​KC​BGŠ​PGMQ"?B?NPMBSRM MSQS@QR‹LAG? GL​RCP​KC​BGŠ​PGMAF?K?BMBC@Bs
    8?B=t>9? "MKM CQQCQ NPCASPQMPCQ CQRCPMGBCQ BC MAMPP‘LAG? L?RSP?J QŽM AMLTCPRGBMQ CTCLRS?JKCLRC NMP TŠPG?Q CLXGK?Q
    CK RCQRMQRCPML?  KSGRMQ ?RJCR?Q RMK?K NP™ FMPKšLGMQ NPMBSXGBMQ QGLRCRGA?KCLRC AMK ? NPCKGQQ? BC OSC  SK? TCX
    GLRPMBSXGBMQ LM AMPNM  CJCQ GPŽM CLRP?P ?NPMNPG?B?KCLRC L?Q TG?Q CQRCPMGBCQ  JCT?LBM ? SK ?SKCLRM BC QCAPCŽM BC
    RCQRMQRCPML? CLB™ECL? R PCACLRCKCLRC  CQQCQ ?ECLRCQ NMBG?K QCP AMKNP?BMQ QCK NPCQAPGŽM CK ACLRPMQ BC LSRPGŽM
    AMKM QSNJCKCLRMQ BGCRRGAMQ JCE?GQ ,?Q  CK   ? %MMB ?LB #PSE BKGLGQRP?RGML %#  BMQ $4  GLAJSGS MQ NP™
    FMPKšLGMQ SRGJGX?BMQ K?GQ AMKSKCLRC L? JGQR? BC QS@QR‹LAG?Q AMLRPMJ?B?Q C  ?EMP?  CJ?Q Q™ NMBCK QCP TCLBGB?Q AMK
    NPCQAPGŽMKBGA?

    
    . NPCASPQMP B? RCQRMQRCPML? 49894B?5@91>4B?CD5B?>1   NPMBSXGBM L?RSP?JKCLRC NCJM AMPNM  NPGLAGN?JKCLRC
    NCJ?QEJ‹LBSJ?Q?BPCL?GQ CSKGL​RCP​KC​BGŠ​PGMGKNMPR?LRCL?TG?OSCJCT??R?RCQRMQRCPML? QQGK ?#'$ DMGTCLBGB?
    AMKMSK?SV”JGMCPEME‘LGAMCDCRGTMOSCJCT??M?SKCLRMB?K?QQ?​KSQASJ?PCB?DMP?$K@MP? RCMPGA?KCLRC N?PCACQQC
    OSC ? GLRPMBSŽM BC SK? #'$  QGLRCRGX?B? ?PRG¤AG?JKCLRC ?EGPG?  BC D?RM  ?SKCLR?LBM MQ L”TCGQ CLB™ECLMQ BC
    RCQRMQRCPML? C  ?QQGK  NPMKMTCLBM MQ CDCGRMQ ?L?@™JGAMQ ?SKCLRM BC ​KžQASJM  ?Q NCQOSGQ?Q LŽM DMP?K A?N?XCQ BC
    QSQRCLR?P CQQ? QSNMQGŽM #C D?RM  TŠPGMQ CQRSBMQ BCKMLQRP?P?K OSC LŽM DMP?K KSB?L?Q LMQ L”TCGQ BC RCQRMQRCPML?
    AGPASJ?LRC CK@MP?MAMLQSKMMP?JBCKCQKM?JR?QBMQCQBC#'$ NCV EP?K?QNMPBG? NMQQ?A?SQ?P?SKCLRMQ
    BP?KŠRGAMQ CK QS? NP™NPG? AMLACLRP?ŽM L? AMPPCLRC Q?LES”​LC? $LRŽM  LŽM  QSPNPCCLBCLRC BC RCP QGBM KMQRP?BM OSC
    BMQCQ BGŠ​PG?Q ?JR?Q BC #'$  NMP ?R  QCK?L?Q LŽM RCLF?K ?JRCP?BM M NCQM AMPNMP?J  ? K?QQ? AMPNMP?J K?EP? MS ?
    AMKNMQGŽMAMPNMP?J0S?LBM?QSNJCKCLR?ŽMNPMJMLE?B?BC#'$ DMGAMK@GL?B?AMKSKNPMEP?K?BCRPCGL?KCLRM
    BCPCQGQR‘LAG?PM@SQRM CJ?LŽM?SKCLRMS?DMP?CME?LFMBCK?QQ?​KSQASJ?PBCKMLQRP?BMQNCJMEPSNMOSCPC?JGXMSM
    KCQKM PCEGKC BC RPCGL?KCLRM  K?Q QCK RMK?P #'$  $K ECP?J  ? GLTCQRGE?ŽM AGCLR”¤A? QM@PC ? C¤AŠAG? B?
    QSNJCKCLR?ŽM BC #'$  N?P? ?SKCLR?P ? K?QQ? ​KSQASJ?P C ? DMP? LŽM AMLQCESGS GBCLRG¤A?P SK CDCGRM CPEME‘LGAM
    LMRŠTCJ #'$ LŽMSKGL​RCP​KC​BGŠ​PGM?NCL?QB?NPMBSŽMBCRCQRMQRCPML? K?QR?K@KB?NPMBSŽMBCCQRPME‘LGM
    #CD?RM ?JESLQCQRSBMQKMQRP?K?SKCLRMBMCQRPME‘LGMCKFMKCLQOSCRMK?K#'$ 

    ?5C@DE6?65:@?2
    3?JTCXMQSNJCKCLRMBCNP™ FMPKšLGMK?GQNMNSJ?PCLRPC?RJCR?QBCRPCGL?KCLRMBCDMP?QCH??1>4B?CD5>549?>1"MKM
    ? #'$  CJ?  NPMBSXGB? L?RSP?JKCLRC NCJM AMPNM NCJ? TG? @GMQQGLRRGA? OSC JCT?  CK žJRGK? ?LŠJGQC   NPMBSŽM BC
    RCQRMQRCPML?"MLFCAGB?AMKSKCLRCAMKMY?LBPM^ CQQCCQRCPMGBCE?LFMSLMRMPGCB?BCGKCBG?R?KCLRCCKOS?LBM
    ?GLB?BGQNML”TCJAMKCPAG?JKCLRC MHME?BMPBC@CGQC@MJB?JGE?NPGLAGN?J,?PI,A&UGPC?BKGRGSR‘ J?SRGJGX?BMBSP?LRC
    QS?JSR?N?P?OSC@P?PM?RCLRŽMPCAMPBCBC/64,9<5:CKSK?žLGA?RCKNMP?B?CJCRCPKGLMSAMK /MPK MRCQRC
    BC QS? C¤AŠAG? AMK CLQ?GMQ AMLRPMJ?BMQ AMLRP?BGQQC ?Q BCQAPGCQ ?LCB™RGA?Q BC QS? F?@GJGB?BC BC ?SKCLR?P ? K?QQ? *
    KSQASJ?P C  NMPR?LRM  ? DMP? 0S?LBM RMK?B? CK BMQCQ QSECPGB?Q NCJM D?@PGA?LRC  N?PCAC OSC MQ L”TCGQ AGPASJ?LRCQ BC
    RCQRMQRCPML?NCPK?LCACKGL?JRCP?BMQNCJMQQSNJCKCLRMQBC?LBPMQRCLCBGML? JKBGQQM MNPMEP?K?BCRPCGL?KCLRMBC
    PCQGQR‘LAG?QMK?BMGLECQRŽMBC?LBPMQRCLCBGML?LŽMDMGK?GQC¤AGCLRCCKNPMKMTCPE?LFMQBCh žQASJMCBCDMP?BM
    OSCMKCQKMNPMRMAMJMBCRPCGL?KCLRMAMK?GLECQRŽMBCNJ?AC@M$QQCQPCQSJR?BMQDMP?KPCNCRGBMQNMPMSRPMQCQRSBMQ
    K?GQPCACLRCQ JCT?LBMAMLAJSQŽMBCOSC??LBPMQRCLCBGML?LŽMC¤AGCLRCLCKL??KNJG¤A?ŽMBMQL”TCGQAGPASJ?LRCQBC
    RCQRMQRCPML?LCKCKNPMKMTCPE?LFMQBCK?QQ?CBCDMP?​KSQASJ?P
    JKBCRSBMGQQM ?CTGB‘LAG?GLBGA?AJ?P?KCLRCOSCLCK?#'$ LCK??LBPMQRCLCBGML?CVG@CKCDCGRMQCPEME‘LGAMQ
    vGKNMPR?LRCJCK@P?POSCCQQCQNP™ FMPKšLGMQ?EMP?QŽMAMLQGBCP?BMQGJCE?GQQCKNPCQAPGŽMKBGA?CQŽMNPMG@GBMQNCJ?
    K?GMPG?B?QMPE?LGX?CQCQNMPRGT?Q GLAJSQGTCM".( C QCDMPCKBCRCAR?BMQCK?RJCR?Q PCQSJR?KL?BCQOS?JG¤A?ŽM

    ! 

    %DAC9@C>€?:@DA@E6?4:2=>6?E62F>6?E2>2>2DD2​>FD4F=2C6@56D6>A6?9@A6=@2F>6?E@5@D?{G6:D56E6DE@DE6C@?2
    %DAC9@C>€?:@D2?5C@DE6?65:@?26?v@A2C646>E6C?6?9F>676:E@6C8@8y?:4@?@EsG6=

    )D1BCp=280B

    ,SGR?QQS@QR‹LAG?QMDCPCACKSK?F?@GJGB?BCNMRCLAG?JBCKCJFMP?PMBCQCKNCLFM K?GMPG?B?QQS@QR‹LAG?Q NMPK QŽM


    NPMG@GB?Q NCJM ".( C NMP MSRPMQ ™PEŽMQ EMTCPL?KCLR?GQ N?P? SQM NMP ?RJCR?Q NPM¤QQGML?GQ C SLGTCPQGRŠPGMQ JESK?Q
    QS@QR‹LAG?QLŽMR‘KSQMNPMG@GBMN?P??RJCR?Q OS?LBMNPCQAPGR?QCKBMQCQCQNCA”¤A?QNMPSKKBGAM N?P?SK?QGRS?ŽM
    KBGA?CQNCA”¤A?!MVC 
    #CTGBM ? TŠPGMQ D?RMPCQ  NMBC QCP BGD”AGJ RGP?P AMLAJSQCQ QM@PC QC SK? QS@QR‹LAG? ?SKCLR? M BCQCKNCLFM  BMQC B?
    QS@QR‹LAG? C M KMKCLRM CK OSC M BCQCKNCLFM  KCBGBM ?N™Q ? GLECQRŽM B? QS@QR‹LAG? NMBCK ?DCR?P ? KCJFMP? LM
    BCQCKNCLFMC KCQKM D?XCPAMKOSCCJ?LŽMMAMPP?,SGR?QQS@QR‹LAG?QKMQRP?KSK?EP?LBCT?PG?@GJGB?BCGL​BG​TG​BS?JCK
    PCJ?ŽM?QCSQCDCGRMQ BCKMBMOSCMBCQCKNCLFMNMBCKCJFMP?PCKSK?NCQQM?CLŽMQC?JRCP?PCKMSRP? KCQKMAMK
    BMQCQ GES?GQ ,CQKM AMK CQRSBMQ BSNJMQ ACEMQ  NJ?AC@M AMLRPMJ?BMQ  NMBC QCP BGD”AGJ AMLRPMJ?P M CDCGRM NJ?AC@M QC ?
    QS@QR‹LAG?RGTCPCDCGRMQK?PA?LRCQ AMKMDPC​OS‘LAG?A?PB”?​A??SKCLR?B?$QQCQCDCGRMQNCPKGRCK?MQGL​BG​T”​BSMQNCPAC@CPQC
    CJCQ PCAC@CP?K ? QS@QR‹LAG? MS M NJ?AC@M OSG  BGQASRGPCKMQ KSGR?Q QS@QR‹LAG?Q OSC QŽM SRGJGX?B?Q NMP ?RJCR?Q C R‘K
    A?P?ARCP”QRGA?QNMRCLAG?GQN?P?KCJFMP?PMBCQCKNCLFM

    ,4&
    =)1;;=*;<a6+1);-:/7/f61+);<f5=;78:71*1,787:)<4-<);+74-/1)1;
     -"  RCK SK >,):0;, UUU-2" MPEFC?JRF Q?DCRW  CK OSC NMBC QCP CLAMLRP?B? ? JGQR? BC QS@QR‹LAG?Q
    NPMG@GB?Q ? ?RJCR?Q AMJCEG?GQ  -"  R?K@K ?JCPR? MQ ?RJCR?Q OSC ?JESLQ QSNJCKCLRMQ LSRPGAGML?GQ C BGCRRGAMQ
    R?K@K AMLR‘K QS@QR‹LAG?Q NPMG@GB?Q  QCESGP  FŠ SK? JGQR? BC AJ?QQCQ BC QS@QR‹LAG?Q ASHM SQM  NPMG@GBM N?P?
    ?RJCR?QNCJ?-" AMK?JESLQCVCKNJMQ
    31:@1?-:-.;85E-:@1?
    LBPMQRCLCBGML?
    !MJBCLML?
    #'$
    -?LBPMJML?
    3CQRMQRCPML?
    3'&
     LMP?LBPMQRCLCBGML?

    ?@59A8-:@1?
    "MA?”​L?
    $DCBPGL?,?'S?LE
    ,CR?LDCR?KGL?
    2GLCDPGL?

    >;3-?58h/5@-?01>A-
    'CPM”​L?
    ,?AMLF?
    3CRP?GBPMA?L?@GLMJ3'"

    5A>f@5/;?19-?/->-0;>1?0-A>5:-
    !SKCR?LGB?
    /PM@CLCQAGB?
    %GL?QRCPGB?

    #1<@h05;?4;>9;:-5?1-:b8;3;?
    $/.
    'MPKšLGMFSK?LMBMAPCQAGKCLRM'&'

    :@51?@>k31:;?
    "JMKGDCLM
    3?KMVGDCLM

    #>;0A@;?=A1/;:@g9?A.?@c:/5-?<>;5.50-?<;01?1><1>95@50-A9-1D/1ed;9f05/-<->-
    ;A?;/;9>1/15@-
    ,GQRSP?BCJCTM?LDCR?KGL?CBCVRPM?LDCR?KGL?
    .VGKCRMJML?
    &CJBCRCQRMQRCPML?
    /CKMJGL?
    #CVRPM?LDCR?KGL?
    $NMCRGL??JD?
    %SPMQCKGB?
    .V?LBPMJML?
    ,CRGJDCLGB?RM
    3CQRMQRCPML?RP?LQBPKGA?

    105/-em1?19<>1?/>5ed;
    $DCBPGL?
    $DCBPGL?N?QRGJF?QBCNPGK?RCLC

    ?76E2>:?2D
    Q1>65D1=9>1CCQRGKSJ?K?N?PRCACLRP?JBMQGQRCK?LCPTMQM??SKCLR?P?JG@CP?ŽMBCBMN?KGL?CR?K@KQŽM1=9>1C
    C9=@1D?=9=lD931C  M OSC QGELG¤A? OSC CJ?Q KGKCRGX?K MQ CDCGRMQ B?Q A?RCAMJ?KGL?Q Q ?LDCR?KGL?Q R?K@K QŽM
    NMNSJ?PKCLRC AMLFCAGB?Q AMKM YPC@GRC^ MS Y@MJGLF?Q^ $J?Q QŽM NPMLR?KCLRC ?@QMPTGB?Q LM GLRCQRGLM BCJE?BM 2CSQ
    CDCGRMQAMKC?K??N?PCACPBCLRPMBCKGLCR‘KNGAMCKMSF?N™Q?GLECQRŽM K?QNMBCKBSP?P?RF4K?TCX
    L?AMPPCLRCQ?LES”​LC? ?Q?LDCR?KGL?QQCJGE?K?MQPCACNRMPCQB??BPCL?JGL?CLMP?BPCL?JGL?PCACNRMPCQ?BPCLPEGAMQ?JD?
    C@CR? KGKCRGX?LBMMQCDCGRMQBCQQCQFMPKšLGMQNMPKCGMBC?SKCLRMB?NPCQQŽM?PRCPG?J B?DPC​OS‘LAG?A?PB”?​A? B?R?V?
    KCR?@™JGA? C B?Q AMLACLRP?CQ BC ŠAGBMQ EP?VMQ JGTPCQ LM NJ?QK? $J?Q QSNMQR?KCLRC R?K@K ?SKCLR?K M CQR?BM BC
    ?JCPR? ??SRMAML¤?L?C?DMP?h SQASJ?P ?JKBC?SKCLR?PCK?A?N?AGB?BCBCPC?gGu?PRP?@?JFMNMPBGQD?P?P?D?BGE?
    #CTGBM?CQQCQCDCGRMQ ?APCBGR? QCOSCCJ?QKCJFMPCKMBCQCKNCLFMCKSK?T?PGCB?BCBCCQNMPRCQC?RGTGB?BCQ
    Q ?LDCR?KGL?Q NMBCPG?K KCJFMP?P M BCQCKNCLFM NCJM CDCGRM KM@GJGX?BMP B?Q A?RCAMJ?KGL?Q QM@PC MQ ŠAGBMQ EP?VMQ
    JGTPCQ NMSN?LBM?QQGKMEJGAME‘LGM​KSQASJ?P MSNMPBGQD?P?P?D?BGE?#CD?RM CQQ?QS@QR‹LAG?N?PCACBGQD?P?P?BMPMS?
    D?BGE? C KCJFMP?P M BCQCKNCLFM CK ?JESK?Q NCQQM?Q $LRPCR?LRM  M KMKCLRM CK OSC M BCQCKNCLFM MAMPPC ?N™Q ?
    GLECQRŽMB?QS@QR‹LAG?NMBCQCPGKNMPR?LRC JESLQCQRSBMQLŽMKMQRP?KKSB?L?LMBCQCKNCLFMKCBGBM?KGL
    ?N™Q ? GLECQRŽM /MPK  MSRPMQ CQRSBMQ KCBGP?K M BCQCKNCLFM  ?  F ?N™Q ? GLECQRŽM C KMQRP?P?K KCJFMP? LM
    BCQCKNCLFM "MKM N?P? RMBMQ MQ DŠPK?AMQ  ? BMQ?ECK NMBC QCP GKNMPR?LRC JESLQ CQRSBMQ OSC SRGJGX?P?K BMQ?ECLQ
    KCLMPCQLŽMKMQRP?P?KCDCGRMQLMBCQCKNCLFM CLOS?LRMCQRSBMQOSC?NJGA?P?KBMQ?ECLQK?GMPCQKMQRP?P?KCDCGRMQLM
    BCQCKNCLFM JK BGQQM  CVGQRCK GLBGA?CQ BC OSC MQ CDCGRMQ B?Q ?LDCR?KGL?Q NMBCK QCP K?GQ ?N?PCLRCQ CK ?RJCR?Q
    RPCGL?BMQBMOSCCKNCQQM?QLŽMRPCGL?B?Q
    $K CQRSBM BSNJM ACEM  AMK NJ?AC@M  CK OSC ? ?LDCR?KGL? DMG GLECPGB?  ?  F ?LRCQ BM BCQCKNCLFM   BMQ
    AMPPCBMPCQ BMQ?PPCKCQQ?BMPCQBCNCQMC?BMQL?B?BMPCQRGTCP?KKCJFMPBCQCKNCLFM?N™Q?GLECQRŽMBC
    ?LDCR?KGL?  OS?LBM AMKN?P?B? AMK M NJ?AC@M Q KCJFMP?Q LM BCQCKNCLFM T?PG?P?K CLRPC   C  .SRPM CQRSBM
    BSNJM ACEM AMKNJ?AC@M CKOSCMRCQRCMAMPPCSBS?QFMP?Q?N™Q?GLECQRŽMBC?LDCR?KGL?MSBCNJ?AC@MNMPCV ?RJCR?QBC
    AMJEGM OSC LŽM CQR?T?K RPCGL?LBM LM KMKCLRM  R?K@K KMQRPMS PCQSJR?BMQ NMQGRGTMQ CK SK? EP?LBC T?PGCB?BC BC
    RCQRCQ.QCV ?RJCR?QDMP?KRCQR?BMQRP‘QTCXCQ?LRCQB?GLECQRŽMBCNJ?AC@MCRP‘QTCXCQ?N™Q?GLECQRŽMBC?LDCR?KGL?
    $JCQKMQRP?P?K CKKBG? MQQCESGLRCQ?SKCLRMQQGELG¤A?RGTMQ

     L?CVRCLQŽMGQMKRPGA?BMHMCJFM
     L??ACJCP?ŽMBSP?LRCSK?AMPPGB?BC KCRPMQ
     LMRCKNMBCAMPPGB?CKCQRCGP??R?CV?SQRŽM
     LMNGAMBCJ?AR?RMNJ?QKŠRGAM
     L?DPC​OS‘LAG?A?PB”?​A?KŠVGK??N™Q?GLECQRŽMBC?LDCR?KGL?CKPCJ?ŽM?MNJ?AC@M

    $LRPCR?LRM MSRP?QKCBGB?QBCBCQCKNCLFM CK@MP?RCLF?K?SKCLR?BM?N™Q?GLECQRŽMBC?LDCR?KGL? LŽMKMQRP?P?K


    KSB?L?QQGELG¤A?RGT?QOS?LBMAMKN?P?B?QAMKMNJ?AC@M GLAJSGLBMMNGAMBCNMR‘LAG?BCAGAJGQKMAMK?NCPL? 
    DMP?BC¥CVŽMGQMKRPGA?BMAMRMTCJM  CAMLQSKMKŠVGKMBCMVGE‘LGMl\KGLZ   
    .?SKCLRMBCBCQCKNCLFM?RPG@S”​BM?MSQMBC?LDCR?KGL?RCKNMQQ”TCGQCDCGRMQAMJ?RCP?GQNCPGEMQMQ OSCGLAJSCK

    #GQD?PACB?BMPCB?D?BGE? PCQSJR?LBMCKJCQŽM
    #GQD?PACB?BMP AMLRPG@SGLBMN?P?MQB?LMQPCJ?AGML?BMQAMKMA?JMP CQNCAG?JKCLRCCK?K@GCLRCQOSCLRCQCžKGBMQ
    .SQM?JMLEMNP?XMPCQSJR?CKBCNCLB‘LAG?NQGAMJ™EGA?MS¤QGMJ™EGA?
    -CACQQGB?BCBCBMQ?ECLQK?GMPCQAMKMSQMNPMJMLE?BM MOSCNMBCPG??SKCLR?P?NMQQG@GJGB?BCBCOS?JOSCPMSRPM
    CDCGRMAMJ?RCP?J
    $DCGRMQAMJ?RCP?GQECP?GQBC?EGR?ŽM AMLDSQŽM BMPBCA?@C?CRMLRSP?

    /?PCACOSCMSQMBC?LDCR?KGL?L?BMQ?ECK?BCOS?B?C@CK?HSQR?B?CKPCJ?ŽM?MKMKCLRMBMBCQCKNCLFM?N™Q?
    GLECQRŽMNMBC?SKCLR?PMBCQCKNCLFMCKSK?EP?LBCT?PGCB?BCBCKCBGB?QBCBCQCKNCLFMD”QGAMCKKSGR?QNCQQM?Q
    /MPK  CVGQRC SK? EP?LBC T?PGCB?BC GL​BG​TG​BS?J CK PCJ?ŽM ?MQ CDCGRMQ B? ?LDCR?KGL? JK BGQQM  MQ CDCGRMQ AMJ?RCP?GQ
    NMBCK QCP NCPGEMQMQ C MQ CDCGRMQ NQGAMJ™EGAMQ BC ?EGR?ŽM C AMLDSQŽM NMBCPG?K PCBSXGP M BCQCKNCLFM CK CQNMPRCQ OSC
    PCOSCPCKBCAGQCQPŠNGB?QBSP?LRC?AMKNCRGŽM

    )('4,0$
     5654B9>1  SK? ?KGL? QGKN?RMKGKRGA? C SK CQRGKSJ?LRC B? N?PRC ACLRP?J BM QGQRCK? LCPTMQM $J?  CLAMLRP?B? CK
    TŠPGMQ KCBGA?KCLRMQ N?P? ?QK?  PCQDPG?BM MS RMQQC L? DMPK? BC N”JSJ?Q  N?QRGJF?Q C GL?J?BMPCQ  CDCBPGL? R?K@K C
    CLAMLRP?B? CK QSNJCKCLRMQ BGCRRGAMQ C AFŠQ BC CPT?Q AMKM M ,? 'S?LE  R?K@K AF?K?BM BC CDCBPGL? AFGLCQ? MS
    CDCBPGL? TCECR?J  CDCBPGL? RCK SK? CQRPSRSP? OS”​KGA? N?PCAGB? AMK ? B? ?LDCR?KGL? C CQRGKSJ? MQ PCACNRMPCQ B?
    ?BPCL?JGL? C LMP?BPCL?JGL? PCACNRMPCQ ?JD? C @CR?  QQGK  CJ? RCK CDCGRMQ N?PCAGBMQ AMK MQ B? ?LDCR?KGL? LMQ QGQRCK?Q
    AGPASJ?R™PGMCKCR?@™JGAM$J?R?K@KSQ?B?N?P?CK?EPCAGKCLRMNMPOSC QSNMQR?KCLRC KMBCP?M?NCRGRCC?SKCLR??
    R?V?KCR?@™JGA? CDCBPGL? CQNCAG?JKCLRCOS?LBMAMK@GL?B?AMKMŠAGBM?ACRGJQ?JGA”JGAMMS?A?DC”​L? N?PCAC?SKCLR?P?
    PCBSŽMBCNCQMCKNCQQM?QM@CQ?Q$LRPCR?LRM CJ?LŽM?ECAMKMSKOSCGK?BMPBCEMPBSP?CKNCQQM?QK?EP?QC NMP
    GQQM BCNMSAMT?JMPCKNPMKMTCPPCBSŽMBCEMPBSP?CK?RJCR?Q
    QPCTGQCQB?JGRCP?RSP?LM¤L?JBMQ?LMQAMLAJS”m?KOSC?CDCBPGL?LŽMRCKCDCGRMQLMBCQCKNCLFMD”QGAM 
    /MPK  CQRSBMQ BSNJMQ ACEMQ PCACLRCQ  NJ?AC@M AMLRPMJ?BMQ  GLBGA?K OSC ? CDCBPGL? NMBC KCJFMP?P ?JESLQ RGNMQ BC
    BCQCKNCLFMD”QGAM$KSKCQRSBM ?CDCBPGL?DMGGLECPGB?BS?QFMP?Q?LRCQB?PC?​JG​X?ŽMBCRP‘QQPGCQBC3,.79,::?R?
    CV?SQRŽM  BC SK? PCNCRGŽM ?M KŠVGKM : 1,<  C BC QSNGLM  BC  1,  (QQM PCQSJRMS CK SK? OS?LRGB?BC
    QGELG¤A?RGT?KCLRCK?GMPBCPCNCRGCQNMPQPGCL?NPGKCGP?QPGCBCQSNGLM =,9:<:  C3,.79,:: =,9:<: 
    K?QLŽML?QCESLB?CL?RCPACGP?QPGCQ CKAMKN?P?ŽMAMKMNJ?AC@M$KMSRPMCQRSBM ?ECP?ŽMBCNMR‘LAG?LMQ
    NPGKCGPMQ  QCESLBMQ BC SK RCQRC BC AGAJGQKM KŠVGKM BC  QCESLBMQ RCQRC BC 6GLE?RC  DMG ?SKCLR?B?
    QGELG¤A?RGT?KCLRCCKACPA?BCOS?LBM?CDCBPGL?DMGGLECPGB? F?LRCQBMRCQRC CKAMKN?P?ŽMAMKMNJ?AC@M
    K@MQ MQ CQRSBMQ GLBGA?P?K OSC ?Q KCJFMP?Q L?Q A?N?AGB?BCQ BC NMR‘LAG? CMS L?Q A?N?AGB?BCQ BC ,5+<9(5*, ​KSQASJ?P
    DMP?KBCTGB?QGLECQRŽMBCCDCBPGL?
    $K SK CQRSBM BSNJM ACEM  ? GLECQRŽM BC CDCBPGL?   F ?LRCQ BC SK RCQRC BC AGAJGQKM ?R ? CV?SQRŽM LŽM ?SKCLRMS
    QGELG¤A?RGT?KCLRCMRCKNM?R?CV?SQRŽM CKAMKN?P?ŽMAMKMNJ?AC@M/MPK ?GLECQRŽMBCCDCBPGL? F?LRCQBC
    SK? QGKSJ?ŽM BC AMPPGB? BC  OSGJšKCRPMQ CK SK? AMKN?P?ŽM BSNJM ACE? AMK NJ?AC@M KMQRPMS BGKGLSGŽM
    QGELG¤A?RGT?   =,9:<:   KGL  LM RCKNM ?N™Q ? GLECQRŽM BC CDCBPGL?  GLBGA?LBM OSC ? CDCBPGL? NPMT?TCJKCLRC QCH?
    A?N?XBC?SKCLR?PMBCQCKNCLFMCKCTCLRMQBC,5+<9(5*,,SGRMQBCQQCQCQRSBMQK?GQPCACLRCQKMQRP?K?SKCLRMQLMQ
    T?JMPCQ BC PCNMSQM B? DPC​OS‘LAG? A?PB”?​A? C B? NPCQQŽM Q?LES”​LC? $QQCQ CQRSBMQ AMLAJS”​P?K OSC ?Q KCJFMP?Q LM
    BCQCKNCLFM OS?LBMNPCQCLRCQ CQRŽMPCJ?AGML?B?QAMK?CQRGKSJ?ŽMB?N?PRCACLRP?JBMQGQRCK?LCPTMQM @CKAMKMAMK
    MQCDCGRMQA?PBGMT?QASJ?PCQCKCR?@™JGAMQB?CDCBPGL?
     CDCBPGL? RCK CDCGRMQ AMJ?RCP?GQ N?PCAGBMQ AMK MQ B? ?LDCR?KGL?  AMKM BMP BC A?@C?  ?EGR?ŽM C BGQRžP@GMQ
    E?QRPGLRCQRGL?GQ#MKCQKMKMBM ?QQGKAMKMMAMPPCAMK??LDCR?KGL? FŠEP?LBCT?PG?ŽMGL​BG​TG​BS?JL?PCQNMQR??M
    SQMBCCDCBPGL?R?LRMN?P?MBCQCKNCLFMOS?LRMN?P?MQCDCGRMQAMJ?RCP?GQ CDCBPGL?NPMG@GB?NCJM".(CNMPMSRPMQ
    ™PEŽMQBCPCESJ?ŽMCQNMPRGT?

    5(7'1()('4,0$
     @C5E4?5654B9>1  SK? ?KGL? QGKN?RMKGKRGA? CLAMLRP?B? CK BCQAMLECQRGML?LRCQ TCLBGBMQ QCK PCACGR? KBGA? C 
    SRGJGX?B?N?P?RP?R?PQGLSQGRCCAMLECQRŽML?Q?J?QQMAG?B??MPCQDPG?BMAMKSK QGLSQGRCCPGLGRC?JPEGA?"MKM?QMSRP?Q
    ?KGL?Q QGKN?RMKGKRGA?Q  QS?Q ?CQ QŽM A?SQ?B?Q NCJ? JGE?ŽM ?MQ PCACNRMPCQ A?RCAMJ?KGLPEGAMQ NPGLAGN?JKCLRC MQ
    PCACNRMPCQ?JD? ?BPCLPEGAMQ .QCDCGRMQAMJ?RCP?GQB?NQCSBMCDCBPGL?GLAJSCKGLQšLG? LCPTMQGQKM GPPGR?@GJGB?BC BMPBC
    A?@C?JCTC ?SKCLRMB?DPC​OS‘LAG?A?PB”?​A?C?SKCLRMB?NPCQQŽMQ?LES”​LC?
    GLECQRŽMBCNQCSBMCDCBPGL?NMP?RJCR?QL?BMQCLMPK?JMSF?LRCQB?NPMT?LŽM?DCRMSQGELG¤A?RGT?KCLRCMRCKNM
    BC NCB?J?B? ?R ? CV?SQRŽM  M BCQCKNCLFM BM RCQRC BC RCKNM CK  OSGJšKCRPMQ  M NGAM BC 5.  ? NMR‘LAG? MS ? DMP?
    GQMKRPGA?KŠVGK?MS?QKCBGB?QBCRP?@?JFMLMRCQRCBCAGAJGQKMKŠVGKMBSP?LRCQCESLBMQRCQRCBC6GLE?RC  
    GLECQRŽMB?BMQCLMPK?JQCGQTCXCQBSP?LRCSKNCP”M​BMBCFR?K@KLŽM?JRCPMSQGELG¤A?RGT?KCLRCMNGAMBC5.MSM
    RCKNMBCAMPPGB?BCKCRPMQNMPAMPPCBMPCQRPCGL?BMQ/MPK ?GLECQRŽMNMP?RJCR?QRPCGL?BMQBCSK?BMQCRP‘Q
    TCXCQ?AGK?BMLMPK?JKGL?LRCQB?NPMT?PCQSJRMSCKSK?KCJFMP?BC LMQKCRPMQ$LRŽM CVGQRC?JESK?
    CTGB‘LAG?BCOSC?NQCSBMCDCBPGL?CKBMQCQRCP?N‘SRGA?QK?GMPCQBMOSCMLMPK?JNMBCKCJFMP?PMBCQCKNCLFM QQGK
    AMKM MAMPPC AMK ? CDCBPGL?  M KMKCLRM B? GLECQRŽM ?LRCQ BM BCQCKNCLFM D”QGAM NMBC QCP GKNMPR?LRC  HŠ OSC ?
    NQCSBMCDCBPGL?CVCPACQCSQCDCGRMQ?N?PRGPBCACPA?BCSK?FMP??N™Q?GLECQRŽMC?QAMLACLRP?CQNJ?QKŠRGA?QKŠVGK?Q
    MAMPPCKBS?QFMP?Q?N™Q?GLECQRŽM

    :FCxE:4@D
    .Q49EBlD93?CQŽMQS@QR‹LAG?QOSCGLBSXCK?PCBSŽMBCNCQMNCJM?SKCLRMB?NPMBSŽMBCSPGL?CAMLQCOSCLRCBGSPCQC
    .Q BGSPRGAMQ DMP?K BCQCLTMJTGBMQ N?P? RP?R?P ACPRMQ RGNMQ BC AMLBGCQ KBGA?Q  GLAJSQGTC ? FGNCPRCLQŽM $JCQ QŽM
    SRGJGX?BMQNMP?RJCR?QCKCQNMPRCQAMKAJ?QQCQBCNCQM AMKMM@MVC ?JSR?JGTPCCMJCT?LR?KCLRMBCNCQM CCKCQNMPRCQ
    CKOSCSK?K?QQ?AMPNMP?JKCLMPNMQQ?MDCPCACPSK?T?LR?ECK AMKM?EGLŠQRGA?.SQMBMQBGSPRGAMQNPMG@GBML?Q
    .JGKN”?​B?Q LMQ)MEMQ/?L KCPGA?LMQCL?Q/?P?JGKN”?​B?Q3MBMQMQBGSPRGAMQ?SKCLR?K?BGSPCQCC?NCPB?BC?JESLQ
    CJCRP™JGRMQ$VGQRCKRP‘QRGNMQNPGLAGN?GQBCBGSPRGAMQ

    #GSPRGAMQ RG?X”BGAMQ @JMOSCG?K ? PC?@QMPŽM BC Q™BGM NCJMQ Rž@SJMQ BGQR?GQ BMQ LDPMLQ BMQ PGLQ C ?SKCLR?K ?
    CVAPCŽMBCQ™BGM AJMPCRMCNMRŠQQGM
    #GSPRGAMQBC?J?BGKGLSCKMRP?LQNMPRCBCAJMPCRMBCQ™BGML?Q?J?Q?QACLBCLRCQB??J?BC'CLJCC?SKCLR?K?
    NCPB?BCQ™BGM AJMPCRMCNMRŠQQGM
    #GSPRGAMQNMSN?BMPCQBCNMRŠQQGM?SKCLR?K?NCPB?BCQ™BGMCBCAJMPCRMLMQRž@SJMQBGQR?GQAMLTMJSRMQBMQPGLQ
    QCKNCPB?AMLAMKGR?LRCBCNMRŠQQGM
    3?K@KLŽMCVGQRCBžTGB?BCOSCMQBGSPRGAMQBGKGLSCK?K?QQ?AMPNMP?JNMPA?SQ?B?NCPB?BCŠES?L?SPGL?/MBC
    F?TCPNCPB?BC?B?K?QQ?AMPNMP?JRMR?JBSP?LRCFBCSQMBCBGSPRGAMQ4KM@HCRGTMBMSQMBCBGSPRGAMQN?P?
    BGKGLSGP?K?QQ?AMPNMP?JRMR?J?SKCLR?P?DMP?MS?NMR‘LAG?PCJ?RGT?K?QQ?AMPNMP?J MOSCNMBCPG?QCPT?LR?HMQMCK
    ?JESLQCQNMPRCQ/MPCVCKNJM RCPKCLMQK?QQ?​KSQASJ?PN?P??ACJCP?PBSP?LRCSK??PP?LA?B?ASPR?MSSKQ?JRMTCPRGA?J
    NMBCPG?KCJFMP?PMBCQCKNCLFM$QQ?GBCG??NMG?B?NMPSK?SKCLRML??JRSP?BMQ?JRMTCPRGA?J?N™Q?PCBSŽMBCK?QQ?
    AMPNMP?J A?SQ?B? NMP SK BGSPRGAM $LRPCR?LRM  ? PCBSŽM BC KSGRM NCQM ?QQMAG?B?  ŠES? PCQSJR? CK BCQCKNCLFMQ
    ?CP™@GMC?L?CP™@GMBGKGLS”​BMQBCTGBMPCBSŽMBMTMJSKCNJ?QKŠRGAM FGNCPRCPKG? F?@GJGB?BCEJGAMJ”RGA?BGKGLS”​B? C
    BGKGLSGŽMB?F?@GJGB?BCBCR?KNML?PMQ”M​LQFGBPME‘LGMQNPMBSXGBMQBSP?LRCMKCR?@MJGQKM"?N”RSJM /MPK QC?
    PCBSŽMBCNCQMA?SQ?B?NCJMBGSPRGAMNPCHSBGAG?JN?P?MBCQCKNCLFMK?RPG?AMLRPMTCPQ? NMBCBCNCLBCPBMCQNMPRC
    CKOSCQRŽM
    RJCR?QBCNGQR?CBCA?KNMOSCPCBSXGP?K?NPMVGK?B?KCLRCB?K?QQ?AMPNMP?JRMR?JNMPKCGMBMSQMBCBGSPRGAM
    KMQRP?P?K ?SKCLRMQ LMQ RCKNMQ BC AMPPGB? BC    C  KCRPMQ CK ?NPMVGK?B?KCLRC    C 
    PCQNCARGT?KCLRC BGKGLSGLBM?QQGKMBCQCKNCLFM BGKGLSGŽMLMBCQCKNCLFML?BGQR‹LAG?BCKCRPMQLŽMDMG
    CQR?RGQRGA?KCLRCQGELG¤A?RGT? CMBCQCKNCLFMBGKGLSG?GLB?K?GQL?QBGQR‹LAG?QK?GMPCQCKPCJ?ŽMBGQR‹LAG?BC
    KCRPMQ/MPK SK?PCBSŽMBCK?QQ?AMPNMP?JBC?NPMVGK?B?KCLRCA?SQ?B?NCJMSQMBCSKBGSPRGAMLŽMKSBMS
    QGELG¤A?RGT?KCLRCMRCKNMBCAMPPGB?BC MSKCRPMQMS??JRSP?BMQ?JRMTCPRGA?JCKCV ?RJCR?Q
    Q?RGTGB?BCQ?CP™@G?QNMBCK?NPCQCLR?PSK?BGKGLSGŽMK?GMPLMBCQCKNCLFMNMPA?SQ?BMSQMBCBGSPRGAMQBMOSC
    ?Q?RGTGB?BCQ?L?CP™@G?QMS?Q?RGTGB?BCQOSCBCNCLB?KB?DMP?MSB?NMR‘LAG?KŠVGK?$QQ?BGQAPCN‹LAG?MAMPPCNMPOSC?
    PCBSŽMBCK?QQ?AMPNMP?JBCAMPPCLRCB?BCQGBP?R?ŽMBCRŽMNMSAMOS?LRMMS?DCR??QA?N?AGB?BCQ?CP™@G?Q K?Q?
    PCBSŽM BC K?QQ? AMPNMP?J BC  NMP A?SQ? B? BCQGBP?R?ŽM NMBC QCP LCACQQŠPG? N?P? ?DCR?P ?Q A?N?AGB?BCQ ?L?CP™@G?Q
    "?N”RSJM .SRPMD?RMPOSCAMLRPG@SGN?P?Q?@CPQCMSQMBCBGSPRGAMQ?DCR?PŠMBCQCKNCLFMMRCKNMOSCSK?RJCR?
    RCKN?P?CQR?PCKNCQMCQNCA”¤AMCOS?LBMQCPŠGLGAG?B??AMKNCRGŽM$K?JESLQCQNMPRCQ AMKM?JSR?JGTPC SK?RJCR?
    NMBCRCP?FCLRPC?NCQ?ECKC?AMKNCRGŽM NCPKGRGLBMOSCF?H?RCKNMN?P??GLECQRŽMBC¥SGBMQC?PCGBP?R?ŽM
    .Q BGSPRGAMQ R‘K CDCGRMQ AMJ?RCP?GQ OSC GLAJSCK RMLRSP? C OSCB? BMQ L”TCGQ BC NMRŠQQGM AMPNMP?GQ  M OSC PCQSJR? CK
    NPM@JCK?Q LCSPMJ™EGAMQ  DP?OSCX? ​KSQASJ?P  A™JGA?Q C BCQGBP?R?ŽM  ASJKGL?LBM CK NPM@JCK?Q RCPKMPPCESJ?R™PGMQ
    CQNCAG?JKCLRC CK ?K@GCLRCQ OSCLRCQ C žKGBMQ .Q ¤QGASJRSPGQR?Q OSC SQ?K BGSPRGAMQ KMQRP?P?K FGNMRCLQŽM
    FGNCPNMR?QQCKG? L”TCGQ BC NMRŠQQGM Q?LES”​LCM ?AGK? BM LMPK?J  DP?OSCX? ​KSQASJ?P C A™JGA?Q QQGK  MQ BGSPRGAMQ
    NMBCK?SKCLR?PMBCQCKNCLFMN?P??JESLQ?RJCR?QCK?JESLQCQNMPRCQ K?QQCSSQMNPMG@GBML?Q.JGKN”?​B?Q LMQ)MEMQ
    /?L KCPGA?LMQCL?Q/?P?JGKN”?​B?Q

    276{​?2
    A?DC”​L?SK?B?QQS@QR‹LAG?QK?GQAMLQSKGB?Q?MPCBMPBMKSLBMCRCKCDCGRMQD?PK?AMJ™EGAMQCNQGAM?RGTMQ A?DC”​L?
    AMLQGBCP?B?SKY?JA?JMGBCBCV?LRGL?^CCLAMLRP?B?CKAMLACLRP?CQT?​PGŠ​TCGQCKAMKGB?QAMKMEPŽMQBCA?D DMJF?Q
    BCAFŠ AFMAMJ?RCCA?A?S QQGK L™QGLECPGKMQA?DC”​L??N?PRGPBCPCDPGECP?LRCQ?KGJGEP?K?Q ??L?JEQGAMQ-CQR?
    QMAGCB?BCBC?JR?CLCPEG? N?PCACKMQM@ACA?BMQCKM@RCPYE?LFMQBCCLCPEG?^CCJCQECP?JKCLRCCLTMJTCKMSQMBCA?DC”​
    L?
    .Q L”TCGQ BC A?DC”​L? LMQ NPMBSRMQ ?JGKCLR”AGMQ T?PG?K @?QR?LRC  BCNCLBCLBM B? NPCN?P?ŽM "?D  AFŠ C AMJ? 0 ,
    PCDPGECP?LRCQ AMLR‘K?NPMVGK?B?KCLRC? ?C?KGJGEP?K?QBCA?DC”​L?NMPV”A?P? PCQNCARGT?KCLRC
    %# JGKGRMS?OS?LRGB?BCBCA?DC”​L?N?P??AMJ?CN?P?MSRPMQPCDPGECP?LRCQ?KGJGEP?K?QN?P?A?B?Kl
     A?DC”​L?  CK@MP? LŽM ?NPCQCLRC T?JMP LSRPGAGML?J  AF?KMS ? ?RCLŽM BC KSGRMQ ?RJCR?Q AMKNCRGRGTMQ C BC CLRSQG?QR?Q
    ?K?BMPCQBMAMLBGAGML?KCLRMD”QGAMAMKMSKCPEME‘LGAMJCE?J.Q?RJCR?QBC,5+<9(5*,QCGLRCPCQQ?P?KNCJ?A?DC”​L?LM
    ¤L?JBMQ?LMQNMPA?SQ?BMQCQRSBMQNGMLCGPMQOSCKMQRP?P?KKCJFMP?QL?A?N?AGB?BCBC,5+<9(5*,  A?DC”​L?
    CQRŠGLAJS”​B?CKKSGRMQQSNJCKCLRMQ AMKKSGRMQAMKNMQRMQN?P?MRGKGX?PR?LRM?CLCPEG?OS?LRMMQCQR?BMQBCFSKMP
    ?LRCQBCSKRP?@?JFM
    .QKCA?LGQKMQBC?ŽMQS@H?ACLRCQQŽMBGTCPQMQCBCNCLBCKB?QBCK?LB?QBMCVCPA”AGM%GESP?  A?DC”​L?RCK
    KSGRMQCDCGRMQL?N?PRCACLRP?JBMQGQRCK?LCPTMQM @CKAMKMCDCGRMQAMELGRGTMQ$J?R?K@K?DCR??QDSLCQFMPKML?J
    KCR?@™JGA?  ​KSQASJ?P  A?PBGMT?QASJ?P  NSJKML?P C PCL?J BSP?LRC M PCNMSQM C LM CVCPA”AGM /MP CVCKNJM  CJ? CQRGKSJ? ?
    @PMLAMBGJ?R?ŽMBMQ?JTM​JMQ ?T?QMBGJ?R?ŽMBMQT?QMQQ?LES”​LCMQ ??RGT?ŽMLCSP?JB?AMLRP?ŽM​KSQASJ?P ?¤JRP?ŽMBC
    Q?LESCNCJMQPGLQ ?QCAPCŽMBCA?RCAMJ?KGL?QC?JGN™JGQC$QQCQCDCGRMQKCR?@™JGAMQ NQGAMJ™EGAMQCFMPKML?GQB?A?DC”​L?
    BGKGLSCK?R?V?BCRPMA?PCQNGP?R™PG? ?D?BGE?NCPGDPGA? ?KCBGB?BMCQDMPMNCPAC@GBM,$/ CMJGKG?PBCJG@CP?ŽMBC
    AMPRGQMJ C b CLBMP¤L? GLBSXGB? NCJM CVCPA”AGM  A?DC”i ? R?K@K ?SKCLR? ? A?NR?ŽM BC MVGE‘LGM  M B@GRM A?PB”?^M  ?
    TCLRGJ?ŽM MQL”TCGQAGPASJ?LRCQBC?BPCL?JGL? ?R?V?KCR?@™JGA?C?MVGB?ŽMB?EMPBSP?BSP?LRCMCVCPA”AGMBC,5+<9(5*,
    CKNCQQM?QRPCGL?B?QCLŽMRPCGL?B?Q4KKGRMKSGRM?LRGEMMBCOSC?A?DC”​L?NMBCA?SQ?PBCQGBP?R?ŽM MOSCLŽMM
    A?QM
    "MKM BGQASRGBM CK SK? PCTGQŽM  ? A?DC”​L? NMBC ?SKCLR?P QGELG¤A?RGT?KCLRC M BCQCKNCLFM CK TŠPGMQ NMLRMQ
    NCPACLRS?GQ CK SK? EP?LBC T?PGCB?BC BC R?PCD?Q .Q CQRSBMQ QM@PC ? A?DC”​L? OSC CLTMJTCK CVCPA”AGMQ BC ,5+<9(5*,
    KMQRP?P?K ?SKCLRM B? NPMBSŽM BC RP?@?JFM C BM RCKNM ?R ? CV?SQRŽM  A?DC”​L? R?K@K ?SKCLR? M BCQCKNCLFM
    BSP?LRCCTCLRMQBCAMPPGB?CBCAGAJGQKMGLRCLQMQC?ASPRMNP?XM BC?NPMVGK?B?KCLRCAGLAMKGLSRMQ
    $LRPCR?LRM MQCDCGRMQCPEME‘LGAMQNMQGRGTMQQŽM?K@”ESMQBSP?LRCMQCVCPA”AGMQBC?PP?LA?B?CBCNMR‘LAG?OSCBSP?K
    KCLMQ BC RP‘Q KGLSRMQ  NMQQGTCJKCLRC NMP A?SQ? BM LžKCPM JGKGR?BM BC GLTCQRGE?CQ C BMQ BGDCPCLRCQ NPMRMAMJMQ
    SRGJGX?BMQ$KCTCLRMQBC?PP?LA?B?CBCNMR‘LAG?OSCAMLR?KNPGLAGN?JKCLRCAMKMQGQRCK?DMQD?E‘LGMQCESLBMQ ?
    A?DC”​L??SKCLRMSMNGAMBCNPMBSŽMBCNMR‘LAG? ?TCJMAGB?BCC?DMP?GQMAGLRGA?/MPK CKCTCLRMQOSCBCNCLBCK
    DMPRCKCLRCBMQGQRCK?EJGAMJ”RGAMBCQCESLBMQ?RP‘QKGLSRMQ LŽMDMP?KCLAMLRP?B?QKCJFMP?QAMKMSQMBCA?DC”​L?
    #CD?RM CJ?NMBCRCPQGBMNPCHSBGAG?J?MBCQCKNCLFMBSP?LRCQPGCQPCNCRGB?QBCCVCPA”AGM

    86DA0    2054w​=0 C4< <D8C>B <420=8B<>B ?4;>B @D08B ?>34 054C0A > 34B4<?4=7> 0?OM GOCNIM ?@?CNIM
    L?MOFN;G H; B;<CFC>;>? >? ;OG?HN;L I >?M?GJ?HBI ?G OG; AL;H>? P;LC?>;>? >? ;NCPC>;>?M  !? 0—EG;H 

    LGMNLIHA )"
     (L;?G?L 4'   ;@@?CH? OM? CH MJILNM IHMC>?L;NCIHM @IL NB? ;NBF?N?  ' 0NL?HANB IH> /?M
    X 

    JK BGQQM  ? GLECQRŽM BC L”TCGQ T?​PGŠ​TCGQ BC BMQCQ BC A?DC”​L? LŽM CVCPACS LCLFSK CDCGRM CPEME‘LGAM L? DMP? C LM
    ,5+<9(5*, KŠVGKMQ BSP?LRC M RCQRC BC DMP? GQMAGLRGA? AMK  PCNCRGCQ -M R‘LGQ  SK CQNMPRC GL​BG​TG​BS?J OSC PCOSCP
    AMLACLRP?ŽMCF?@GJGB?BC ?A?DC”​L??SKCLRMS?NPCAGQŽMB?Q@?RGB?Q ?TCJMAGB?BCB?AMPPGB? ??EGJGB?BCCMQSACQQMECP?J
    LMHMEM NMQQGTCJKCLRCNMPOSCCJ?KCJFMPMSMRCKNMBCPC?ŽMCMCQR?BMKCLR?JBC?JCPR?.QHME?BMPCQBCR‘LGQR?K@K
    PCJ?R?P?K ?RGTGB?BC CLCPERGA? K?GMP BSP?LRC ?Q žJRGK?Q FMP?Q BM HMEM /MBCK QCP BCQR?A?B?Q ?Q QCESGLRCQ ?NJGA?CQ
    NPŠRGA?QQM@PC?A?DC”​L?
     .Q?RJCR?QOSCLŽMSRGJGX?KCOSCCQRCH?KAMLQGBCP?LBM?A?DC”​L?AMKMSK?SV”JGMCPEME‘LGAMCQR?PŽMBCQ?AMQRSK?BMQ
    AMKMQQCSQCDCGRMQAMELGRGTMQCNQGAMJ™EGAMQ QNCQQM?QOSCLŽMSQ?K?A?DC”​L?BCTCPG?K CLRŽM RCQR?PQCSQCDCGRMQ
    ?LRCQB?GKNJCKCLR?ŽMB?CQRP?REG?B?A?DC”​L?N?P?MRPCGL?KCLRMMS?AMKNCRGŽM
     "MKM?GLRCPPSNŽMB?A?DC”​L?BGKGLSGMBCQCKNCLFMBCCVCPA”AGM MQ?RJCR?QF?@GRS?BMQNMBCKAMLQGBCP?P?GLECQRŽM
    BCBMQCQKCLMPCQBCA?DC”​L?KE\IEZ N?P?CTGR?PMQQGLRMK?QGLBCQCHŠTCGQBC?@QRGL‘LAG??QQMAG?BMQGLRCPPSNŽM
    AMKNJCR?#CD?RM BMQCQKCLMPCQNMBCKQCPCDCRGT?Q
     2CSK?RJCR?BCAGBCN?P?PBCAMLQSKGP?A?DC”​L??LRCQB?AMKNCRGŽMN?P??SKCLR?PQCSQCDCGRMQCPEME‘LGAMQBSP?LRC?
    AMKNCRGŽM CJCMSCJ? BCTCPG?PCBSXGPMAMLQSKMBCA?DC”​L?NCJMKCLMQQCK?L??LRCQB?AMKNCRGŽMN?P?CQR?P
    AMKNJCR?KCLRC JGTPC BMQ CDCGRMQ B? ?@QRGL‘LAG? /?P? CTGR?P MQ NMRCLAG?GQ QGLRMK?Q LCE?RGTMQ  ? BMQC BCTCPG? QCP
    PCBSXGB?EP?BS?JKCLRCNMPMSBG?Q CKTCXBCQCP?@PSNR?KCLRCGLRCPPMKNGB? PCRMK?B?B?A?DC”​L?LMBG?B?
    AMKNCRGŽMDMPLCACPŠMQCDCGRMQCPEME‘LGAMQBCQCH?BMQ AMKMD?PG?N?P?SKLŽMSQSŠ​PGM
      GLECQRŽM BC A?DC”​L? NMBC @CLC¤AG?P M RPCGL?KCLRM BC EP?LBC TMJSKC MS BC ,5+<9(5*, . AMLQSKM BC A?DC”​L? CK
    @?GVMQ L”TCGQ NMP  MS  BG?Q AMLQCASRGTMQ  BSP?LRC SK NCP”M​BM BC RPCGL?KCLRM NCQ?BM  NMBC DSLAGML?P AMKM SK
    ?SV”JGMCPEME‘LGAMLMNPCN?PMN?P??AMKNCRGŽM
     KCG? TGB?B?A?DC”​L?BC?NPMVGK?B?KCLRC?F CDMGKMQRP?BMOSC?AMLACLRP?ŽMNJ?QKŠRGA??JA?L?MKŠVGKM
    CK?KGL/MPR?LRM ?A?DC”​L?BCTCQCPGLECPGB? LMKŠVGKM RP‘QFMP?Q?LRCQBMQCTCLRMQBCNMR‘LAG? TCJMAGB?BC
    CBC,5+<9(5*,ASPR?MSSK?FMP??LRCQBMQCTCLRMQNPMJMLE?BMQBC,5+<9(5*,
     -MT? BMQ?ECK ?ESB? BC A?DC”​L? LŽM LCACQQ?PG?KCLRC KCJFMP? M BCQCKNCLFM CLRPCR?LRM  QC MQ CTCLRMQ DMPCK
    QCN?P?BMQNMPK?GQBCQCGQFMP?Q NMBCQCP@CL¤A?
     "MKM?A?DC”​L??SKCLR?MQL”TCGQNJ?QKŠRGAMQBCJ?AR?RMCBGKGLSGMN'GLRP?ACJSJ?P CJ?NMBCQCPAMLRP?GLBGA?B?N?P?
    ?RJCR?QCKCTCLRMQBCTCJMAGB?BCOSCBSPCKCLRPCQCESLBMQCRP‘QKGLSRMQ

    6E23=@BF625@C6D
    .AMKNMLCLRCQGKNŠRGAMBMQGQRCK?LCPTMQM?SRMLšKGAMPCQNMLQŠTCJNMPQSQAGR?P?PCQNMQR?@CKAMLFCAGB?B?JSR?MS
    DSE?$QQ?PCQNMQR?A?P?ARCPGX?B?NCJMQ?SKCLRMQB?DPC​OS‘LAG?A?PB”?​A? B?NPCQQŽM?PRCPG?JCBMB@GRMA?PB”?​AM @CK
    AMKMB?QPCQNMQR?QK?GQNCPGDPGA?Q AMKMR?V?BCQSMP ¥SVMQ?LES” i CMC?BGQNMLG@GJGB?BCBCQS@QRP?RMN?P?M h žQASJM
    CQOSCJRGAM /PCBMKGL?LRCKCLRC  ? N?PRC QGKNŠRGA? BM QGQRCK? LCPTMQM ?JA?L? CQQC CDCGRM RMR?J CVAGR?R™PGM RMR?J NCJ?
    JG@CP?ŽM BC QCS LCSPMRP?LQKGQQMP  ? LMP?BPCL?JGL?  C NMP CQRGKSJ?P ?Q EJ‹LBSJ?Q QSNP?PPCL?GQ ? QCAPCR?PCK M FMPKšLGM
    ?BPCL?JGL? K@MQ CQQCQ JGE?LRCQ GLRCP?ECK  CLRŽM  AMK MQ PCACNRMPCQ @CR? ?BPCLPEGAMQ JMA?JGX?BMQ L?Q AJSJ?Q ?JTM LM
    AMP?ŽM  NSJKCQ  T?QMQ Q?LES”​LCMQ C ​KžQASJM CQOSCJRGAM .Q ?ECLRCQ D?PK?AMJ™EGAMQ AMLFCAGBMQ AMKM
    25D12<?AE514?B5C QŽM SRGJGX?BMQ PMRGLCGP?KCLRC CK RP?R?KCLRMQ AJ”LGAMQ JCE”RGKMQ N?P? AMLRPMJ?P ? DPC​OS‘LAG? A?PB”?​A?
    ?SKCLR?B? C MQ L”TCGQ GL?NPMNPG?B?KCLRC CJCT?BMQ BM B@GRM A?PB”?​AM L?OSCJCQ AMK BGQDSLŽM ?BPCLPEGA? $LRPCR?LRM
    ?JESLQ ?RJCR?Q R‘K SQ?BM MQ KCQKMQ ?LR?EMLGQR?Q N?P? GLBSXGP SK CDCGRM A?JK?LRC  CK ECP?J  C  CK N?P​RGASJ?P  N?P?
    ?SKCLR?PMAMLRPMJCB?QAMLRP?CQ​KSQASJ?​PCQ¤L?QC ?QQGK ?¤PKCX?BMQKMTGKCLRMQK?LS?GQ OSCNMBCQCPžRGJLMQ
    CQNMPRCQ BC RGPM  AMKM ?PAM C ¥CAF?  NGQRMJ? MS PG¥C #C D?RM  NCQOSGQ?Q CQR?@CJCACP?K OSC ? NPCAGQŽM BMQ RGPMQ LCQQCQ
    CQNMPRCQ NMBCPG? QCP ?SKCLR?B? ?N™Q M AMLQSKM BC @CR?@JMOSC?BMPCQ /MP GQQM  CQQ?Q QS@QR‹LAG?Q QŽM NPMG@GB?Q NCJ?Q
    MPE?LGX?CQ?RJRGA?QAMKMM".(C?-?RGML?J"MJJCEG?RC RFJCRGA QQMAG?RGML-" BMQ$4 

    _=4@@=
    .SRP?QS@QR‹LAG?OSC?ECAMKMSKBCNPCQQMP¤QGMJ™EGAM NPMKMTCLBM?QQGKSKCDCGRMECP?JA?JK?LRCQM@PCMAMPNM M
    ŠJ​AMMJ  MS  K?GQ CQNCAG¤A?KCLRC  M CR?LMJ $QQ?  ? DMPK? CK OSC M ŠJ^MMJ  CLAMLRP?BM CK @C@GB?Q MS BCQRGJ?BMQ .Q
    QSNMQRMQ CDCGRMQ LCSRP?JGX?LRCQ BM ŠJ​AMMJ QM@PC MQ RPCKMPCQ ​KSQASJ?​PCQ DMP?K AGR?BMQ NMP ?JESLQ ?RJCR?Q BMQ CQNMPRCQ BC
    RGPM DMPLCACLBMSKNMRCLAG?JCDCGRMCPEME‘LGAM$LRPCR?LRM LŽMCVGQRCCTGB‘LAG?CKN”PGA?N?P??NMG?PCQQ?BCAJ?P?ŽM
    /MPKSGRMQ?LMQ MQ?RJCR?QBC?JESLQCQNMPRCQR‘K?PESKCLR?BMOSCMAMLQSKMBCNCOSCL?QOS?LRGB?BCQBCŠJ​AMMJLŽM
    KSGRM?LRCQBCSKCTCLRMCQNMPRGTMNMBCKCJFMP?PMBCQCKNCLFMNMPY?A?JK?PMQLCPTMQ^,?Q CKTCXBCKCJFMP?PM
    BCQCKNCLFM  MQ PCQSJR?BMQ AMJCR?BMQ BC CQRSBMQ AMLRPMJ?BMQ GLBGA?P?K OSC M ŠJ​AMMJ L? TCPB?BC DMPLCAC SK CDCGRM
    YCPEMJ”RGAM^  MS SK CDCGRM OSC JGKGR? M BCQCKNCLFM (QQM  K?GQ ™@TGM BSP?LRC CQNMPRCQ OSC BCNCLBCK B? A?N?AGB?BC
    ?CP™@G? NMPOSCMŠJ​AMMJNPCHSBGA??DSLŽMBMAGAJMBC*PC@QC?SKCLR??NPMBSŽMBCJ?AR?RM JKBGQQM MŠJ​AMMJRCK
    SK CDCGRM BGSPRGAM @CK AMLFCAGBM C  BSP?LRC SK CVCPA”AGM BC ,5+<9(5*, NPMJMLE?BM  NMBC A?SQ?P BCQGBP?R?ŽM
    BCQGBP?R?ŽM  NMP QS? TCX  NMBC JCT?P ? BGQRžP@GMQ RCPKMPPCESJ?R™PGMQ  BC LMTM NPCHSBGA?LBM M BCQCKNCLFM $K SK
    NMQGAGML?KCLRM M¤AG?J DCGRM NCJM KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC  "2,  MQ CQNCAG?JGQR?Q AMLAJS”m?K OSC ?
    GLECQRŽMBCL”TCGQBCŠJ​AMMJ@?GVMQ?KMBCP?BMQLŽMMDCPCACS@CLCD”AGMQBCKCJFMP?BCBCQCKNCLFM K?QNMBC BCD?RM RCP
    CDCGRMQBCJCRPGMQNMP?JCLRCACPMRCKNMBCPC?ŽM ?DCR?P?AMMPBCL?ŽMCLRPCMQMJFMQC?QKŽMQ NCPRSP@?PMCOSGJ”@PGMC
    KCQKM  JGKGR?P ? DMP? ​KSQASJ?P .Q NPGLAGN?GQ ?NMLR?KCLRMQ BCQQC NMQGAGML?KCLRM M¤AG?J CQRŽM ?NPCQCLR?BMQ LM !MVC
    

    ! 

    6E6C>:?2CD6F>2DF3DEt?4:2E6>676:E@D6C8@8y?:4@DA@56D6C5:7{4:=A@C42FD2525@D286>5@>@>6?E@6>BF62DF3DEt?4:2x
    :?86C:526@56D6>A6?9@x>65:5@6E2>3x>A@C42FD252D5:76C6?w2D:?​5:​G:​5F2:D6>C6DA@DE2uDF3DEt?4:2
     2?76E2>:?2 A@56 2F>6?E2C @ 56D6>A6?9@ 6> F>2 8C2?56 G2C:65256 56 2E:G:5256D 6?EC6E2?E@ 6I:DE6> 676:E@D 4@=2E6C2:D
    A@E6?4:2=>6?E6A6C:8@D@D
    &6DBF:D2D >2:D 2?E:82D :?5:42> BF6 2 6765C:?2 ?v@ >6=9@C2 @ 56D6>A6?9@ &@Cx> A6DBF:D2D >2:D C646?E6D :?5:42> 2F>6?E@D
    A6BF6?@D>2DD:8?:L42E:G@DE2?E@?2D>65:52D567@Cw2BF2?E@56 &# 
     AD6F5@6765C:?2 6> 5@D286?D ?@C>2:D ?v@ >6=9@C2 @ 56D6>A6?9@ >2D 2 :?86DEv@ 56 5@D286?D >2:@C6D BF6 @ ?@C>2= A@56
    >6=9@C2C2=8F?DE:A@D5656D6>A6?9@7{D:4@
    %D5:FCxE:4@DC6DF=E2>6>C65Fwv@56A6D@A@C42FD25@2F>6?E@525:FC6D66A@56>2F>6?E2C@56D6>A6?9@E2?E@562E:G:5256D
    56 &# BF2?E@2?26C3:2D
    4276{​?2E6>676:E@DLD:@=8:4@D6AD:4@=8:4@D6A@56>6=9@C2C@56D6>A6?9@6>F>28C2?56G2C:6525656E2C672DBF6G2C:2>
    562E:G:5256D56 &# 2Ex2E:G:5256D562=E2A@Ey?4:2564FCE@A6C{@​5@&@Cx>6=2A@56E6CA@F4@D676:E@D6>2E:G:5256DBF6
    56A6?56>7@CE6>6?E6528=:4=:D6
    %D 36E23=@BF625@C6D FE:=:J25@D A@C 2=8F?D 2E=6E2D A2C2 5:>:?F:C 2 7C6​BFy?4:2 42C5{2​42 6 AC@5FJ:C F> 676:E@ 42=>2?E6 A@56>
    >6=9@C2C@56D6>A6?9@6>6DA@CE6DBF6C6BF6:C2>4@?EC@=6>@E@CL?@
    %s=​4@@=6>5@D6D32:I2DA@56AC@5FJ:CF>676:E@42=>2?E6>2D?v@E6>?6?9F>676:E@6C8@8y?:4@6xAC6;F5:4:2=2>F:E2DE2C672D
    7{D:42D

    !&  -, 


    :16+18)1;)876<)5-6<7;7t+1)1;,75-:1+)6744-/-7.!87:<;
    -,1+16-!D=;7,7`4​+774-5-;87:<-;G
     GLECQRŽM?ESB?BCŠJ​AMMJNMBCCVCPACPSKCDCGRMLMAGTM?KSGR?QF?@GJGB?BCQNQGAMKMRMP?Q AMKMMRCKNM
    BCPC?ŽM ?AMMPBCL?ŽMCLRPCMQMJFMQC?QKŽMQ ?NPCAGQŽM MCOSGJ”@PGMC?AMMPBCL?ŽMAMKNJCV?
     GLECQRŽM?ESB?BCŠJ​AMMJLŽMGL¥SCLAG?QS@QR?LAG?JKCLRC?QDSLCQKCR?@™JGA?CNQGAMJ™EGA?CQQCLAG?GQ?M
    BCQCKNCLFM D”QGAM  AMKM M KCR?@MJGQKM CLCPERGAM  M AMLQSKM KŠVGKM BC MVGE‘LGM 5. KŠV  DPC​OS‘LAG?
    A?PB”?​A?  TMJSKC QGQR™JGAM  B@GRM A?PB”?​AM  ¥SVM Q?LES”i CM h SQASJ?P  BGDCPCL? ?PRCPGMTCLMQ? C BGL‹KGA?
    PCQNGP?R™PG? . AMLQSKM BC ŠJ​AMMJ NMBC NPCHSBGA?P ? PCESJ?ŽM B? RCKNCP?RSP? AMPNMP?J BSP?LRC M CVCPA”AGM
    NPMJMLE?BMCKSK?K@GCLRCDPGM
      GLECQRŽM ?ESB? BC ŠJ​AMMJ LŽM KCJFMP? C NMBC BGKGLSGP ? DMP?  ? NMR‘LAG?  ? ,5+<9(5*, ​KSQASJ?P JMA?J  ?
    TCJMAGB?BCC?,5+<9(5*,A?PBGMT?QASJ?P
     .ŠJ​AMMJ?QS@QR‹LAG?BCSQMK?GQ?@SQGTMLMQ$4 CMNPGLAGN?JD?RMPOSCAMLRPG@SGN?P?MQ?AGBCLRCQC
    QS?Q AMLQC​OS‘LAG?Q JK BGQQM  DMG @?QR?LRC BMASKCLR?BM CK KSGRMQ JSE?PCQ OSC M AMLQSKM CVACQQGTM
    NPMJMLE?BMBCŠJ​AMMJNMBCJCT?P??JRCP?CQN?RMJ™EGA?QLMD”E?BM AMP?ŽM CLAD?JMC​KžQASJM MOSCNMBC
    JCT?P?GLA?N?AGB?BCCKMPRC
     $QDMPMQ QPGMQ C AMLR”LSMQ BCTCK QCP DCGRMQ N?P? CBSA?P ?RJCR?Q  RALGAMQ  CBSA?BMPCQ D”QGAMQ C BC Q?ž​BC
    KBGAMQ RPCGL?BMPCQ ?K”BG?CQNMPRGT?CMNž@JGAMCKECP?J?PCQNCGRMBMQCDCGRMQB?GLECQRŽM?ESB?BCŠJ​AMMJ
    LMBCQCKNCLFMD”QGAMFSK?LMCLMQNPM@JCK?Q?ESBMQCAPšLGAMQNMRCLAG?GQBMAMLQSKMCVACQQGTMBCŠJ​AMMJ

    )D?;4<4=C>B=DCA828>=08B

    4KCE@<5=5>D?>EDB939?>1<SK?QS@QR‹LAG?CLAMLRP?B?CKSK?BGCR?LMPK?JOSCQC?APCBGR?RCPCDCGRMQCPEME‘LGAMQ
    5ŠPGMQQSNJCKCLRMQLSRPGAGML?GQPCAC@CP?KNS@JGAGB?BCAMLQGBCPŠTCJCDMP?K?JTMBCCQRSBMQQS¤AGCLRCQN?P?E?P?LRGPQS?
    GLAJSQŽMAMKMNMQQ”TCGQ?SV”JGMQCPEME‘LGAMQ.QCDCGRMQCPEME‘LGAMQB?QNPMRC”​L?QCBMQA?P@MGBP?RMQHŠDMP?KBGQASRGBMQ
    "?N”RSJM   OSG  QCPŽM BGQASRGBMQ MSRPMQ QSNJCKCLRMQ LSRPGAGML?GQ OSC R‘K NMQQ”TCGQ CDCGRMQ CPEME‘LGAMQ C DMP?K
    NCQOSGQ?BMQM@?QR?LRCN?P?BCRCPKGL?PQS?C¤AG‘L^G?

    C62E:?2
    APC?RGL?SKBMQQSNJCKCLRMQLSRPGAGML?GQK?GQ@CK QSACBGBMQ NMPOSCCJ??SKCLR??DMP?C?NMR‘LAG? CK@MP?QCH?
    NMSAMAMKNPCCLBGB?NCV CJCLŽMSKCQRCPMGBCLCKSK?KGLMŠ​AGBM LMKCPA?BMFMHC APC?RGL?DMGBCQAM@CPR?CK
     NMP ,GAFCJ $SE“LC "FCTPCS  SK NCQOSGQ?BMP C ¤J™QMDM DP?LA‘Q CLRŽM  CJ?  AMLFCAGB? FŠ OS?QC BMGQ nASJMQ
    3B51D9>1 ŠAGBM KCRGJES?LGBGLM ?ARGAM   SK AMKNMQRM LGRPMECL?BM LŽM CQQCLAG?J  BC MPGECK L?RSP?J  MPE‹LGAM
    QGLRCRGX?BMNCJMD”E?BM?N?PRGPBCRP‘Q?KGLMŠ​AGBMQ?PEGLGL? EJGAGL?CKCRGMLGL?-MTCLR?CAGLAMNMPACLRMMSK?GQB?
    APC?RGL? AMPNMP?J  ?PK?XCL?B? LM ​KžQASJM CQOSCJRGAM QQGK  M ​KžQASJM CQOSCJRGAM  M NPGLAGN?J ?JTM N?P? ?
    QSNJCKCLR?ŽM  CQNCAG?JKCLRC OS?LBM M M@HCRGTM  ?SKCLR?P M BCQCKNCLFM D”QGAM !MVC    %GESP?  KMQRP? M
    KCR?@MJGQKMB?APC?RGL?QM@AMLBGCQBGCRRGA?QLMPK?GQN?GLCJ COS?LBMMGL​BG​T”​BSMSRGJGX?QSNJCKCLR?ŽMN?GLCJ
    ! 
    -MPK?JKCLRC   M@RGBM ACPA? BC SK EP?K? BC APC?RGL? NMP BG? AMK ?Q GLECQRCQ BGCRRGA?Q LMPK?GQ N CV  A?PLC
    TCPKCJF?CNCGVC C CK@MP?SK?NCQQM?NMQQ??SKCLR?P?GLECQRŽMBGCRRGA?BCQS?QDMLRCQ BGD”AGJGLECPGPAPC?RGL?LMQ
    L”TCGQ LCACQQŠPGMQ N?P? ?SKCLR?P QS?Q AMLACLRP?CQ ​KSQASJ?​PCQ  AMLACLRP?ŽM BC APC?RGL? LM ​KžQASJM NMBC QCP
    ?SKCLR?B?AMKSKPCEGKCBCQSNJCKCLR?ŽMPŠNGB?AGLAMBG?QGLECPGLBMnEP?K?QNMPBG? MSAMKSKPCEGKCBC
    QSNJCKCLR?ŽMJCLR?BG?QGLECPGLBMnEP?K?QNMPBG? &CP?JKCLRC ?N™QMPCEGKCBCQSNJCKCLR?ŽM SK?BMQCBC
    K?LSRCLŽM?EP?K?QNMPBG? GLECPGB?N?P?K?LRCP?QAMLACLRP?CQBCAPC?RGL?​KSQASJ?P
    $K@MP? MQ  KCA?LGQKMQ  CV?RMQ OSC KCBCG?K MQ CDCGRMQ NMQGRGTMQ B? APC?RGL? QM@PC M BCQCKNCLFM D”QGAM ?GLB?
    NCPK?LC?KAMKM?JTMBCCQRSBM MKCA?LGQKMNPGLAGN?JN?PCACCQR?PPCJ?AGML?BMAMKMQCS?NMGM?MKCR?@MJGQKMBC
    DMQD?E‘LGM ?HSB?LBML?NPMBSŽMBC 3/TCP"?N”RSJM  OS?LRGB?BCBCAPC?RGL??DCR??OS?LRGB?BCBCDMQDMAPC?RGL?
    %"P  OSC CQRŠ BGQNML”TCJ C NMBC QCP AJGT?B? CK QCSQ AMKNMLCLRCQ @ŠQGAMQ BC APC?RGL? C DMQD?RM -CQQC NPMACQQM  
    NPMBSXGB?CLCPEG?OSCNMBCQCPSRGJGX?B?N?P?JGE?PSK?KMJASJ?BCDMQD?RM?SK??BCLMQGL?BGDMQD?RM #/ DMPK?LBMM
    3/ MAMKNMQRMCLCPERGAMLCACQQŠPGMN?P??AMLRP?ŽM​KSQASJ?P QQGK ?GL​¥S‘L^G?B?QSNJCKCLR?ŽMBCAPC?RGL?QM@PC
    ?NPMBSŽMBCCLCPEG?N?PCACQCPSKBMQNPGLAGN?GQKCA?LGQKMQNCJMOS?J?QAMLACLRP?CQ?SKCLR?B?QBCAPC?RGL?LM​
    KžQASJMCQOSCJRGAM?DCR?KMBCQCKNCLFM %GESP?KMQRP?MCDCGRMBMQKCA?LGQKMQNCJMQOS?GQ?QSNJCKCLR?ŽM
    ?SKCLR?MBCQCKNCLFM

    ,4& ;
    !=84-5-6<)dc7,-+:-)<16)
    566B5I( )D?ED&8
    )#$)
    ::6*0(;,96-,::69
    ,7(9;4,5;6-,(3;/(5+?,9*0:, *0,5*,
    "50=,9:0;@6-23(/64(
    694(5
     APC?RGL?  SK BMQ ?SV”JGMQ CPEME‘LGAMQ K?GQ NCQOSGQ?BMQ  AMK K?GQ BC  CQRSBMQ CK FSK?LMQ AMLAJS”​BMQ
    (LDCJGXKCLRC CVGQRCSK?EP?LBCBCQGLDMPK?ŽM?PCQNCGRMB?QCESP?L?CB?C¤AŠAG?B?QSNJCKCLR?ŽMBCAPC?RGL?
    MAMLRPŠPGMBCCQRSBMQNS@JGA?BMQ ?K”BG?RCKQSECPGBMOSC?YQSNJCKCLR?ŽMBCAPC?RGL?NPCHSBGAG?J?MD”E?BMC
    ?MQ PGLQ C NMBC A?SQ?P BCQGBP?R?ŽM C AŽG@P?Q^ -? PC?JGB?BC  ? APC?RGL? CQRŠ CLTMJTGB? GLRGK?KCLRC AMK M
    KCR?@MJGQKMCLCPERGAM MBCQCKNCLFMC?Q?B?NR?CQ?MRPCGL?KCLRM
    APC?RGL?SKAMKNMQRMCLCPERGAMDMPK?BMNCJMAMPNM?N?PRGPBMQ?KGLMŠ​AGBMQ?PEGLGL? KCRGMLGL?CEJGAGL?
    APC?RGL?R?K@KNMBCQCPM@RGB?L?BGCR?NMPKCGMBCAMKGB?QAMKMNCGVCCA?PLCTCPKCJF?%MGBCKMLQRP?BM
    CKTŠPGMQCQRSBMQOSC?CJCT?ŽMBMQL”TCGQBCAPC?RGL?LM​KžQASJMCQOSCJRGAMNMPKCGMB?QSNJCKCLR?ŽM?SKCLR?
    M CQR?BM BC FGBP?R?ŽM B?Q AJSJ?Q  ? Q”LRCQC NPMRCGA?  M BCQCKNCLFM CQNMPRGTM  ? GLRCLQGB?BC BM RPCGL?KCLRM  ?
    FGNCPRPM¤?BC¤@P?QKpQASJ?P` QBCAMLRP?ŽMJCLR?CPŠNGB?C?K?QQ?KpQASJ?P
    0S?LBMQC?T?JG?KMQCQRSBMQNS@JGA?BMQQM@PC?QSNJCKCLR?ŽMBCAPC?RGL?CKPCTGQR?QAMKPCTGQŽMNMPN?PCQ
    NMBCKQCPDCGR?QTŠPG?Q?¤PK?CQAMK@?QCCKD?RMQ QCESGPCQRŽM?QAML¤PK?CQ?PCQNCGRMB?QSNJCKCLR?ŽMBC
    APC?RGL??N?PRGPB?JGRCP?RSP?BGQNML”TCJ

    APC?RGL?KMLMGBP?R?B?MQSNJCKCLRMLSRPGAGML?JCPEME‘LGAMK?GQC¤AGCLRCBGQNML”TCJ?RS?JKCLRCN?P?MQ
    ?RJCR?Q CK RCPKMQ BC ?SKCLRM B? A?N?AGB?BC BC CVCPA”AGMQ BC ?JR? GLRCLQGB?BC C BC K?QQ? AMPNMP?J K?EP?
    BSP?LRCMRPCGL?KCLRM
     QSNJCKCLR?ŽM BC APC?RGL? KMLMGBP?R?B? LŽM  ?NCL?Q QCESP?  K?Q NMQQGTCJKCLRC @CL¤A? CK PCJ?ŽM ?
    NPCTCLŽM BC B?LMQ CMS ?BKGLGQRP?ŽM BC SK? QPGC BC AMLBGCQ KBGA?Q  OS?LBM GLECPGB? BCLRPM B?Q
    BGPCRPGXCQPCAMKCLB?B?Q
    -ŽMCVGQRCCTGB‘LAG?BCOSCMSQMBCAPC?RGL?KMLMGBP?R?B?CKASPRMMSJMLEMNP?XMRCLF?OS?JOSCPCDCGRM
    BCJCRPGMCKNCQQM?Q?NPGLA”NGMQ?SBŠTCGQ
    R M KMKCLRM  ? APC?RGL? KMLMGBP?R?B?  ? DMPK? K?GQ C¤AGCLRC AJGLGA?KCLRC C K?GQ CVRCLQGT?KCLRC
    CQRSB?B?N?P?SQMCKQSNJCKCLRMQLSRPGAGML?GQCKRCPKMQBCA?NR?ŽM​KSQASJ?PCF?@GJGB?BCBC?SKCLR?P?
    A?N?AGB?BCBCCVCPA”AGMQBC?JR?GLRCLQGB?BC
    . KRMBM K?GQ PŠNGBM BC ?SKCLR?P MQ CQRMOSCQ BC APC?RGL? ​KSQASJ?P N?PCAC QCP NMP KCGM BM AMLQSKM BC
    ACPA?BC E\IEBCK?QQ?AMPNMP?JZ\BG?ZBCAPC?RGL?KMLMGBP?R?B?NMPNCJMKCLMQBG?Q QCESGBMNMP?
    E\BG?ZN?P?K?LRCPMQCQRMOSCQCJCT?BMQ GLECQRŽMBCOS?LRGB?BCQKCLMPCQBCAPC?RGL?KMLMGBP?R?B?N
    CV ?E\BG?Z ?SKCLR?PŠMQCQRMOSCQBCAPC?RGL?CKSKNCP”M​BMBC?QCK?L?QCLRPCR?LRM MQCDCGRMQ
    BCQRCKRMBMQM@PCMBCQCKNCLFMQŽMKCLMQAMKNPMT?BMQ

    %121>g:/5-?
     !SDMPB 36  *PCGBCP 1!  2RMSR )1  CR ?J (LRCPL?RGML?J 2MAGCRW MD 2NMPRQ -SRPGRGML NMQGRGML QR?LB "PC?RGLC
    QSNNJCKCLR?RGML?LBCVCPAGQC:NS@JGQFCBMLJGLC?FC?BMDNPGLR SESQR <)(LR2MA2NMPRQ-SRP
     2RMSR)1  LRMLGM) *?JK?L#$BQ $QQCLRG?JQMD"PC?RGLCGL2NMPRQ?LB'C?JRF3MRMU? -)'SK?L?/PCQQ 

    QPCTGQCQAMLAJS”​P?KOSC?APC?RGL?SKQSNJCKCLRMQCESPMCC¤AGCLRCN?P??SKCLR?P?NMR‘LAG?C?DMP? +MEM
    LM GL”AGM BMQ QCSQ CQRSBMQ  ? APC?RGL? DMG ASJN?B? NCJ?Q AŽG@P?Q ​KSQASJ?​PCQ  K?Q DMG KMQRP?BM OSC  CK NCQQM?Q
    ?BCOS?B?KCLRC FGBP?R?B?Q  ?Q AŽG@P?Q C ? RMJCP‹LAG? ?M A?JMP LŽM DMP?K BGDCPCLRCQ B?Q AMLBGCQ BM NJ?AC@M N™Q ?
    QSNJCKCLR?ŽM MGL​BG​T”​BSME?LF?LMPK?JKCLRCACPA?BC ? OSGJMEP?K?BCK?QQ?AMPNMP?J C?APCBGR? QCOSCGQQM
    QCH?NMPA?SQ?B?OS?LRGB?BCBCŠES?PCRGB?LM​KžQASJMN?P?K?LRCPLMPK?GQMQEP?BGCLRCQMQK™RGAMQ)SLRMAMKME?LFM
    BC NCQM  R?K@K MAMPPCK KCJFMP?Q L? DMP?  L? NMR‘LAG? C L? ,5+<9(5*, ​KSQASJ?P JMA?J (QQM JCTMS MQ NCQOSGQ?BMPCQ
    RALGAMQC?RJCR?Q?AMLAJS”​PCKOSC?OS?JGB?BCBMRP?@?JFMNMBCQCPKCJFMP?B?AMK?QSNJCKCLR?ŽMZ%MGM@QCPT?B?
    KCJFMP?LMBCQCKNCLFMD”QGAM?RKCQKMCKFMKCLQCKSJFCPCQGBMQMQ 
    KCJFMP?L?OS?JGB?BCBMRP?@?JFMBCRPCGL?KCLRMBCPCQGQR‘LAG?MS?OS?LRGB?BCBCNCQMOSCNMBCQCPJCT?LR?BM?N™Q
    ? QSNJCKCLR?ŽM NMBC JCT?P ? SK? KCJFMP? K?GQ PŠNGB? L? DMP? C L? NMR‘LAG? AMK M RPCGL?KCLRM BC PCQGQR‘LAG?
    $K@MP??QSNJCKCLR?ŽMPCQSJRCECP?JKCLRCCK?SKCLRMBCDMP?CBCNMR‘LAG? CVGQRCSK?PCQNMQR?T?​PGŠ​TCJBCTGBM?M
    D?RMBC?JESK?QNCQQM?QRCPCKL?RSP?JKCLRCL”TCGQBCPCNMSQMK?GMPCQBCAPC?RGL?CKQCSQ​KžQASJMQ OSCJCQAMK?JR?
    AMLACLRP?ŽMBCPCNMSQMBCAPC?RGL?LM​KžQASJMKMQRP?KNMSA?KSB?L?L?AMLACLRP?ŽM​KSQASJ?PBCAPC?RGL?CNMSAM
    E?LFMBCNCQMAMK?QSNJCKCLR?ŽMCLŽMPCQNMLBCK?CJ?.?SKCLRMKBGML?DMP?​KSQASJ?P MS1, ?N™Q?
    QSNJCKCLR?ŽMAMKAPC?RGL?BSP?LRCMRPCGL?KCLRMBCPCQGQR‘LAG?K?GMPBMOSCM?SKCLRMKBGMB?DMP?​KSQASJ?P
    ?N™Q?GLECQRŽMBCNJ?AC@MAMKRPCGL?KCLRMBCPCQGQR‘LAG?=,9:<: $LRPCR?LRM M?SKCLRMB?DMP?RCKSK?
    EP?LBCT?PG?ŽM/MPCVCKNJM MQSNGLMBC1,?SKCLR?CLRPCCAMK?QSNJCKCLR?ŽM QQGK CQRŠAJ?PMOSC?
    QSNJCKCLR?ŽMBCAPC?RGL?NMBC?SKCLR?P?DMP?CKNCQQM?QQ?SBŠTCGQ1CACLRCKCLRC GLRCPCQQ?LRCJCK@P?P DMGPCJ?R?BM
    OSC?QSNJCKCLR?ŽMBCAPC?RGL?NMBCGL¥SCLAG?P?DSLŽMACPC@P?J
    $LRPCR?LRM BCTC QCM@QCPT?POSCMQ@CLCD”AGMQLMBCQCKNCLFM?QQMAG?BMQQSNJCKCLR?ŽMBCAPC?RGL?CQRŽMPCJCE?BMQ?
    RGNMQ CQNCA”¤AMQ BC ?RGTGB?BC h SQASJ?P .S QCH?  BCTGBM ?M QCS N?NCJ L? PCDMQDMPGJ?ŽM BM #/ CK 3/ ? N?PRGP B?
    FGBP™JGQC BC %"P  MQ @CLCD”AGMQ BM AMLQSKM BC APC?RGL? QŽM K?GQ TGQ”TCGQ CK ?RGTGB?BCQ BC ?JR? GLRCLQGB?BC  BM RGNM
    ?PP?LA?B?  CQNCAG?JKCLRC OS?LBM CQRŽM CLTMJTGBMQ CQDMPMQ PCNCRGBMQ #M KCQKM KMBM  M CDCGRM B? QSNJCKCLR?ŽM BC
    APC?RGL?BSP?LRCMRPCGL?KCLRMBCPCQGQR‘LAG?QCK?LGDCQR?BSP?LRCQPGCQPCNCRGB?QOSCAMLQGQRCKCKPCNCRGCQKžJRGNJ?Q
    $KAMLRP?QRC ?PC?​JG​X?ŽMBCSK?žLGA?PCNCRGŽMBCSKCVCPA”AGMBCPCQGQR‘LAG? MSSKCQDMPMžLGAM @PCTCCKŠVGKM
    AMKMSK?RCLR?RGT?BC?PPCKCQQMBCNCQM LŽMN?QQ”TCJBCKCJFMP?PBGPCR?KCLRCAMK?QSNJCKCLR?ŽMBCAPC?RGL? HŠ
    OSCM​KžQASJMRCK 3/QS¤AGCLRCN?P?Q?RGQD?XCP?QBCK?LB?QBCSKCQDMPMRŽM@PCTC/MPK ?KCJFMP?NMBCMAMPPCP
    AMK M RCKNM  AMKM PCQSJR?BM BMQ K?GMPCQ TMJSKCQ BC RPCGL?KCLRM NCPKGRGBMQ NCJ? QSNJCKCLR?ŽM AMK APC?RGL? .
    AMLQSKMBCAPC?RGL?LŽMMDCPCACT?LR?ECK ?MQ?RJCR?QOSCBCNCLBCKBMKCR?@MJGQKM?CP™@GM KCQKMAMKMRCKNM
    86DA0  IGICFOMNL;>I?G
    ŒI<NC>I=?L=;>?AY>C;X>?=L?;NCH;JILG?CI>;CHA?MNŠI>C?NŒNC=;?R•A?H;
    J ?R
    =;LH?P?LG?FB;?J?CR?
    ?HKO;HNI;JLI>O‹ŠIH;NOL;FJ?FI@A;>I
    ?H>•A?H;N;G<ŒGŒ>?=?L=;>?
    AY>C;X -ILŒG
    =IGIGIMNL;>I?G
    G;CILCHA?MNŠI>C?NŒNC=;>C†​LC;>?=L?;NCH;?R•A?H;=?L=;>?AL;G;MŒ
    H?=?MM†LC; J;L; ;OG?HN;L I ;LG;T?H;G?HNI >? =L?;NCH; HI ​GšM=OFI ?MKO?FŒNC=I   VAOL; Œ =ILN?MC; >I !L  '?@@
    3IF?E
    2HCP?LMCNSI@ IHH?=NC=ON 

    6E29:5C@I:36E2>6E:=3FE:C2E@
    .25D1894B?H925D1=5D9<2ED9B1D?#QGLRCRGX?BMLMAMPNMFSK?LMCSKKCR?@™JGRMBM?KGLMŠ​AGBMJCSAGL?CBC
    QCSACRMŠ​AGBM ?JD?ACRMGQMA?NPM?RM.',!QCRMPLMSAMLFCAGBMAMKMQSNJCKCLRMLSRPGAGML?JFŠACPA?BC?LMQ CK
    SK CLAMLRPM BC @GMJMEG? CVNCPGKCLR?J CK 6?QFGLERML  #" 2CS CDCGRM CPEME‘LGAM NPMNMQRM  M ?SKCLRM B? K?QQ? ​
    KSQASJ?P C ? BGKGLSGŽM BM A?R?@MJGQKM ​KSQASJ?P JGKCLRMQ N CV  JCGRC  NCGVC  R‘K OS?LRGB?BCQ BC ',! KSGRM
    JGKGR?B?QC NMPR?LRM ?QSNJCKCLR?ŽMN?PCACQCPMKMBMK?GQC¤AGCLRCBCQCM@RCPCKOS?LRGB?BCQQGELG¤A?RGT?Q/?PCAC
    OSCM',!QCESPML?QBMQCQAMKSKCLRCCQRSB?B?Q OSCT?PG?KBC ?EP?K?QNMPBG?$KSK?PCTGQŽMAP”RGA?C
    ?@P?LECLRC  6GJQML ,; (3 QSECPGP?K OSC MQ NPGLAGN?GQ KCA?LGQKMQ BC ?ŽM BM ?SKCLRM B? K?QQ? ​KSQASJ?P C B?
    BGKGLSGŽMB?NCPB?​KSQASJ?PN?PCACKCQR?PPCJ?AGML?BMQAMK
     SKCLRMB?GLRCEPGB?BCBMQ?PAMJCK?NMPA?SQ?B?AMLTCPQŽMBC',& "M PCBSR?QC
     SKCLRM B? Q”LRCQC BC NPMRC”​L?Q ​KSQASJ?​PCQ NMP CQRGKSJ?P ? TG? BC K3.1 Z NPMRC”​L? ?JTM B? P?N?KGAGL? CK
    K?K”DCPMQ
     #GKGLSGŽMB?BCEP?B?ŽMBCNPMRC”​L?Q​KSQASJ?​PCQNCJ?GLG@GŽMB?TG?BCS@GOSGRGL?
    "?B? SK BCQQCQ KCA?LGQKMQ AMLRPG@SGPG? N?P? ? PCBSŽM BM BCQNCPB”AGM BC NPMRC”​L?Q ​KSQASJ?​PCQ C GL¥SCLAG?PG?
    NMQGRGT?KCLRC?Q”LRCQCBCNPMRC”​L?Q ?SKCLR?LBM?K?QQ?​KSQASJ?PAMKMRCKNM
    .Q CQRSBMQ OSC ?L?JGQ?P?K ? C¤AG‘L^G? BC ',! AMKM ?SV”JGM CPEME‘LGAM KMQRP?P?K PCQSJR?BMQ AML¥GR?LRCQ $QQCQ
    PCQSJR?BMQAML¥GR?LRCQDMP?K?RPG@S” _ MQQBGDCPCL?QLMQBCQCLFMQCVNCPGKCLR?GQCL?QBMQCQSRGJGX?BMQ RMKMKCLRM
    MQCQRSBMQRGTCP?KBSP?ŽMASPR? OSCT?PG?P?KCLRPCCQCK?L?Q ?ROSCSKCQRSBMBC*P?CKCP,;(3TCPPCDCP‘LAG?LM
    !MVC   ?T?JGMS ? QSNJCKCLR?ŽM BC  QCK?L?Q !MVC   #SP?LRC ? K?GMP N?PRC BCQQ? H?LCJ? BC RCKNM BC  ? 
    QCK?L?Q ??B?NR?ŽMLCSP?JMNPGLAGN?JD?RMPOSCNPMKMTCMQE?LFMQBCDMP? D?XCLBMAMKOSCMN?NCJBM?SKCLRMB?
    Q”LRCQC BC NPMRC”​L?Q QCH? BGD”AGJ BC GLRCPNPCR?P -ŽM M@QR?LRC  CQRSBMQ KMQRP?P?K KCJFMP?Q BC  ?  L?Q KCBGB?Q BC
    DMP? CK AMKN?P?ŽM AMK M NJ?AC@M C ?SKCLRMQ L? K?QQ? JGTPC BC EMPBSP? BC   ?  OSGJMEP?K?Q !MVC   $QQCQ
    PCQSJR?BMQ?NMG?KMQQSNMQRMQM@HCRGTMQBM',!BC?SKCLRMBCK?QQ?​KSQASJ?PCBCPCBSŽMB?BCEP?B?ŽM​KSQASJ?P
    /?PCACOSCM',!K?GQC¤AGCLRCCKNCQQM?QLŽMRPCGL?B?Q OSCR‘KNMRCLAG?JK?GMPBCE?LFMBCK?QQ?h SQASJ?PCBC
    DMP? BMOSCCK?RJCR?Q?JR?KCLRCRPCGL?BMQ NMPOSC?H?LCJ?BCE?LFMNMBCQCPKSGRMK?GMP    QQGK NCQQM?QLŽM
    RPCGL?B?Q C K?GQ TCJF?Q NMBCK CLAMLRP?P @CLCD”AGMQ K?GMPCQ AMK ? QSNJCKCLR?ŽM BC ',! BGAGML?JKCLRC  TŠPG?Q
    N?RMJMEG?Q BC@GJGR?LRCQ N CV  A‹LACP  (#2  JCQCQ RP?SKŠRGA?Q  NMBCK PCQNMLBCP NMQGRGT?KCLRC  QSNJCKCLR?ŽM BC
    ',! NMPA?SQ?B?LCACQQGB?BCBCMRGKGX?ŽMB?Q”LRCQCBCNPMRC”​L?QMSB?KGLGKGX?ŽMB?NCPB?NPMRCGA?LCQQ?QBMCL​
    ?Q
    86DA0  #420=8B<>B ?4;>B @D08B 0 BD?;4<4=C0sr> 34 2A40C8=0 A 0D<4=C0 > 34B4<?4=7> 5wB82> M
    =IH=?HNL;‹™?M ​GOM=OF;​L?M ?F?P;>;M >? =L?;NCH; ;OG?HN;G ; @IL‹; G†RCG; ? ; KO;FC>;>? >;M M?MM™?M >?
    NL?CH;G?HNI=IGJ?MIM
    L?MOFN;H>I?G;OG?HNI>?G;MM;FCPL?>?AIL>OL;=IGIN?GJI
    IKO?JI>?CH=L?G?HN;L
    ;CH>;G;CM;@IL‹;G†RCG;

    ,4& <
    ":-16)5-6<7+758-;7;-;=84-5-6<)dc7,-
    .',!NMBCGL¥SCLAG?P?FGNCPRPM¤?KpQASJ?PCKFMKCLQOSCQC?JGKCLR?KBCSK?BGCR?LMPK?JBCNPMRC”L\ Q
    A?P@MGBP?RMQ C EMPBSP?Q  OS?LBM PC?​JG​X?K SK NPMEP?K? NCPG™​BGAM NCQ?BM BC RPCGL?KCLRM BC PCQGQR‘LAG? $K SK
    CQRSBM BC *P?CKCP ,; (3  DMG KMQRP?BM OSC M ',! NMBC ?SKCLR?P  BC D?RM  ?Q ?B?NR?CQ ?M RPCGL?KCLRM AMK
    NCQMQ $K SK CQRSBM P?LBMKGX?BM  BSNJM ACEM  NJ?AC@M AMLRPMJ?BM  SK EPSNM GLECPGS ,SQAJC PKMPl ,
     @@MRR+?@MP?RMPGCQ CMMSRPMEPSNMGLECPGSSKAMLRPMJCAMKMKCQKMRCMPBCLGRPME‘LGMTCXCQBG?BSP?LRC
    SKNPMRMAMJMBCQCK?L?QBCRPCGL?KCLRMBCPCQGQR‘LAG? K@MQMQEPSNMQ?NPCQCLR?P?KKCJFMP?QQGELG¤A?RGT?Q
    L? K?QQ? AMPNMP?J K?EP?  DMP? ​KSQASJ?P C NMR‘LAG? ​KSQASJ?P AMK M NPMRMAMJM BC RPCGL?KCLRM $LRPCR?LRM  ?
    QSNJCKCLR?ŽM BC ,  ?SKCLRMS CQQ?Q PCQNMQR?Q ? SK L”TCJ QGELG¤A?RGT?KCLRC K?GMP OS?LBM AMKN?P?BM AMK M
    EPSNMAMLRPMJC QSNJCKCLR?ŽMNPMKMTCS?SKCLRMQL?QAMLACLRP?CQBC&'CKPCNMSQMCBCRCQRMQRCPML?CK
    PCNMSQM C ?QQMAG?BMQ ?M CVCPA”AGM JK BGQQM  M ,  PCBSXGS ?Q AMLACLRP?CQ BC AMPRGQMJ ?LRCQ BM CVCPA”AGM
    #SP?LRC RMBM M NPMRMAMJM BC RPCGL?KCLRM  M ,  ?RCLSMS ? APC?RGLMOSGL?QC C M K?JMLBG?JBC”​BM AGPASJ?LRCQ  CK
    AMKN?P?ŽM AMK M EPSNM AMLRPMJC  QSECPGLBM OSC M ,  NMQQ? RCP AMLRPG@S”​BM N?P? ? PCBSŽM ?M B?LM ​KSQASJ?P
    -CLFSKCDCGRMAMJ?RCP?JDMGM@QCPT?BMBSP?LRCMCQRSBM%MGAMLAJS”​BMOSC?QSNJCKCLR?ŽM?DCRMS@CLC¤A?KCLRC
    ?QKSB?L?QGLBSXGB?QNCJMCVCPA”AGML?K?QQ?AMPNMP?JK?EP? DMP?CNMR‘LAG?​KSQASJ?​PCQ @CKAMKM?QPCQNMQR?Q
    FMPKML?GQCK?PA?BMPCQBCB?LM​KSQASJ?PCKPCQNMQR?QQCK?L?QBCRPCGL?KCLRMBCCVCPA”AGMQBCPCQGQR‘LAG?
    CK FMKCLQ HMTCLQ  CK AMKN?P?ŽM AMK M EPSNM AMLRPMJC AMK KCQKM RCMP BC LGRPME‘LGM @?QC NPMRCGA? GES?J
    QCLBM?žLGA?BGDCPCL?MAMLRCž​BMBC',! 

    %121>g:/5-
     *P?CKCP6) '?R¤CJB#+ 5MJCI)2 CR?J$DDCARQMD?KGLM?AGBQQSNNJCKCLRMLNFWQGMJMEGA?J?B?NR?RGMLQRMPCQGQR?LAC
    RP?GLGLE,CB2AG2NMPRQ$VCPA Z
    ?E:@I:52?E6D
    $K RCPKMQ OS”​KGAMQ  SK P?BGA?J JGTPC  SK? KMJASJ? OSC RCK NCJM KCLMQ SK CJRPML LŽM N?PC?BM  PCQSJR?LBM  BCQQC
    KMBM CKA?PE?CJRPGA?L?OSCJ?KMJASJ?"MKMPCQSJR?BM MQP?BGA?GQJGTPCQQŽM?JR?KCLRCGLQRŠTCGQCPC?RGTMQAMKMSRP?Q
    QS@QR‹LAG?Q NMPOSCMQCJRPMLQLŽMN?PC?BMQQCJGE?KCPC?ECKAMKMSRP?QN?PR”ASJ?QOSCRCLF?KA?PE?Q-MQQGQRCK?Q
    TGTMQ GLAJSQGTCLMQQCPCQFSK?LMQ CQQCQP?BGA?GQJGTPCQQCDMPK?KBSP?LRC?PCBSŽMBCMVGE‘LGMCKŠES?CQŽMAF?K?BMQ
    BC CQNAGCQ PC?RGT?Q BC MVGE‘LGM $1.  $K N?P​RGASJ?P  ?Q $1. QŽM NPMBSXGB?Q BSP?LRC ? PCQNGP?ŽM  MS DMQDMPGJ?ŽM
    MVGB?RGT? L?KGRMAšLBPG? QQGK AMLDMPKC?PCQNGP?ŽM?CP™@G??SKCLR? R?K@K?SKCLR?M?N?PCAGKCLRMBC$1.$QQ?
     SK? NPCMASN?ŽM NMPOSC DMG KMQRP?BM OSC  BCTGBM  QS? ?JR? PC?RGTGB?BC AMK MSRP?Q QS@QR‹LAG?Q  CJ?Q A?SQ?K B?LMQ
    CQRPSRSP?GQC ?QQGK DSLAGML?GQ QNPMRC”​L?Q KCK@P?L?QC?M#- RMBMQAMKNMLCLRCQCQQCLAG?GQB?QAJSJ?Q@GMJ™EGA?Q
    4K?NCQOSGQ?KMQRPMSOSCBSP?LRCMCVCPA”AGMZNPGLAGN?JKCLRC K?QLŽMCVAJSQGT?KCLRCM?CP™@GMZMQ​KžQASJMQOSC
    QC AMLRP?CK CVG@CK L”TCGQ CJCT?BMQ BC $1. /MP A?SQ? BC QCS AMLRCž​BM KGRMAMLBPG?J CLPGOSCAGBM  ?Q ¤@P?Q h SQASJ? mCQ
    RGNM(?NPCQCLR?KAMLACLRP?CQBC$1.K?GQCJCT?B?QBMOSC?Q¤@P?QRGNM(("MKMPCQSJR?BMB?QCJCT?CQBC$1.
    GLBSXGB?Q NCJM CVCPA”AGM  ?Q ¤@P?Q h SQASJ?mCQ QMDPCK B?LMQ L?Q NPMRC”i ?Q AMLRPŠRCGQ KGMQGL? C ?ARGL?  BGQRžP@GMQ L?
    GLRCEPGB?BC B?Q KCK@P?L?Q CK L”TCJ KGRMAMLBPG?J C ACJSJ?P C KCQKM KSR?CQ BC #-  %?BGE? ​KSQASJ?P C BMP
    ?AMKN?LF?K CQQCQ B?LMQ ACJSJ?PCQ C KMJCASJ?PCQ $K PCQSKM  CLRŽM  ? NPMBSŽM BC $1. NMBC AMLRPG@SGP BGPCR?KCLRC
    N?P?SKBCQCKNCLFMBCCVCPA”AGMNPCHSBGA?BM
    /?P? QC NPMRCECP AMLRP? MQ CDCGRMQ LMAGTMQ B?Q $1.  M AMPNM  A?N?X BC CKNPCE?P SK QGQRCK? ?LRGMVGB?LRC BC BCDCQ?
    NMRCLRC $QQC QGQRCK? AMKNPCCLBC MQ 1>D9?H941>D5C CV™ECLMQ C CLB™ECLMQ  MS QS@QR‹LAG?Q OSC NMBCK LCSRP?JGX?P MQ
    P?BGA?GQJGTPCQ.Q?LRGMVGB?LRCQCLB™ECLMQQŽMCLXGK?QQGLRCRGX?B?QNCJM​KžQASJM MD”E?BMCMSRPMQ™PEŽMQBMAMPNM.Q
    ?LRGMVGB?LRCQCV™ECLMQQŽMECP?JKCLRCAMLQSKGBMQL?BGCR?AMKMKGAPMLSRPGCLRCQCTGR?KGL?Q/MPCVCKNJM MRMAMDCPMJ
    TGR?KGL? $  M ŠAGBM ?QA™P@GAM TGR?KGL? "  C M PCRGLMJ TGR?KGL?  QŽM ?LRGMVGB?LRCQ @CK AMLFCAGBMQ  @CK AMKM MQ
    KGLCP?GQAMKMMXGLAM MAM@PC MQCJ‘LGMCMDCPPM%MGKMQRP?BM R?LRMCKQCPCQFSK?LMQOS?LRMCK?LGK?GQ OSCCQQCQ
    AMLQRGRSGLRCQ GKNMPR?LRCQ B? BGCR? CVCPACK CDCGRMQ ?LRGMVGB?LRCQ C NMBCK BGKGLSGP CDCRGT?KCLRC Z NCJM KCLMQ OS?LBM
    AMLQSKGBMQCKOS?LRGB?BCQ?BCOS?B?QZMQB?LMQA?SQ?BMQNMP$1.
    $K ?RJCR?Q @CK RPCGL?BMQ  ?Q CLXGK?Q OSC DSLAGML?K AMKM ?LRGMVGB?LRCQ NPMBSXGBMQ L?RSP?JKCLRC QŽM CVNPCQQ?Q CK
    EP?LBCQ OS?LRGB?BCQ  OS?LBM AMKN?P?B?Q AMK AMLRPMJCQ LŽM RPCGL?BMQ JK BGQQM  DMG BCKMLQRP?BM OSC NCQQM?Q
    QCBCLRŠPG?Q OSC AMKC?K ? N?PRGAGN?P BC SK NPMEP?K? BC RPCGL?KCLRM BC ,5+<9(5*, 0 ,  ?CP™@GM  ?NPCQCLR?K SK?
    OS?LRGB?BC K?GMP BC CLXGK?Q ?LRGMVGB?LRCQ LM ¤K BM NPMEP?K? "MKM PCQSJR?BM  CK@MP? M ?SKCLRM BM KCR?@MJGQKM
    ?CP™@GM BM RPCGL?KCLRM PCESJ?P BC CVCPA”AGMQ ?KNJG¤OSC ? NPMBSŽM BC $1.  MQ h žQASJMQ RPCGL?BMQ CQRŽM K?GQ ?NRMQ ?
    CTGR?PMQB?LMQNPMTMA?BMQNMP$1.NMPOSCMQGQRCK??LRGMVGB?LRCCLB™ECLMBCBCDCQ?CQRŠPCDMP?BM$LRPCR?LRM N?PCAC
    OSC NCP”M​BMQ GLAMKSLQ BC RPCGL?KCLRMQ OSC BCK?LBCK BCK?GQ NMBCK PCQSJR?P CK SK? NPMBSŽM BCQNPMNMPAGML?J BC
    $1. C QM@PCNSH?P MQ KCA?LGQKMQ BC BCDCQ? ?LRGMVGB?LRC BM AMPNM  PCQSJR?LBM CK B?LM ​KSQASJ?P  BMP C BCQCKNCLFM
    BGKGLS”​BM #C D?RM  DMG QSECPGBM OSC ? NPMBSŽM BC $1. NCJM AMPNM C QS? A?N?AGB?BC ?LRGMVGB?LRC QŽM ACLRP?GQ N?P? ?
    QGRS?ŽMBCRPCGL?KCLRMCVACQQGTM

    ! 

    DFA=6>6?E2wv@564C62E:?22F>6?E22D4@?46?EC2w‚6D​>FD4F=2​C6D564C62E:?2627@Cw2>sI:>26>>F:E2DA6DD@2D
    %#A@56D6C676E:G@?@2F>6?E@527@Cw2>sI:>2652>2DD2​>FD4F=2C6?EC6E2?E@6=6A@56D6C>2:D6L4:6?E66>A6DD@2D?v@
    EC6:?252DD64@>A2C252D4@>A6DD@2DEC6:?252D
    %D2?E:@I:52?E6D?6FEC2=:J2>@D(%@FC25:42:D=:GC6D&@Cx>6>F>2A6DD@22=:>6?E252256BF252>6?E62DFA=6>6?E2wv@?v@
    A2C6462F>6?E2C@56D6>A6?9@7{D:4@

    /?P? QC NPMRCECP AMLRP? MQ CDCGRMQ LCE?RGTMQ B?Q $1.  KSGRMQ ?RJCR?Q RMK?K PCESJ?PKCLRC QSNJCKCLRMQ KGLCP?GQ C
    TGR?K”LGAMQ$K@MP?CQQCQQSNJCKCLRMQ?SKCLRCKCDCRGT?KCLRC?QOS?LRGB?BCQBC?LRGMVGB?LRCQGKNMPR?LRCQLMAMPNMC
    BGKGLS?KMQK?PA?BMPCQBCCQRPCQQCMVGB?RGTM MAMLHSLRMB?QCTGB‘LAG?QGLBGA?OSCCJCQLŽMKCJFMP?KQGELG¤A?RGT?KCLRC
    M BCQCKNCLFM BC CVCPA”AGM 3?K@K DMG QSECPGBM OSC  E?P?LRGLBM ?Q OS?LRGB?BCQ ?BCOS?B?Q BCQQCQ KGAPMLSRPGCLRCQ C
    TGR?KGL?Q L? BGCR?  MQ ?RJCR?Q NCPK?LCACK Q?SBŠTCGQ C QSNMPR?K M RPCGL?KCLRM PGEMPMQM LCACQQŠPGM N?P? MRGKGX?P M
    BCQCKNCLFM?RJRGAM$KAMLRP?QRC MAMLQSKMBCOS?LRGB?BCQCVACQQGT?QBCQSNJCKCLRMQ?LRGMVGB?LRCQNMBCNPCHSBGA?PM
    NGAMBCBCQCKNCLFM
    012%,%&$"0,

    6
    5MA‘SKRPCGL?BMPBCSK@CKQSACBGBMNPMEP?K?BCDSRC@MJ?KCPGA?LMBMCLQGLMKBGM.*6(*/JFCBGXOSCLMRMS
    ?M?QQGQRGP?SKHMEMBC?RJCR?QSLGTCPQGRŠPGMQ OSCTŠPGMQHME?BMPCQSQ?T?KKŠQA?P?QBCMVGE‘LGML?QJ?RCP?GQBMA?KNM
    ?N™Q AMPPGB?Q JMLE?Q . *6(*/ NCPESLR? QC  NMQQ”TCJ AMLQCESGP @?J?Q C KŠQA?P?Q BC MVGE‘LGM N?P? M HMEM BM NP™VGKM
    QŠ@?BM $JC ?APCBGR? OSC ? QSNJCKCLR?ŽM BC MVGE‘LGM ?N™Q AMPPGB?Q JMLE?Q OS?LBM MQ HME?BMPCQ CQRŽM MDCE?LRCQ
    NPMNGAG?PŠSK?PCASNC​P?ŽMK?GQPŠNGB?CMPCRMPLMK?GQPŠNGBM?MA?KNM

    A

    , !! ?MN† =ILL?NI ;I J?HM;L KO? ; MOJF?G?HN;‹ŠI >? IRCAHCI P;C G?FBIL;L I >?M?GJ?HBI >IM
    DIA;>IL?M
    "RCMN?;FAOGGINCPIJ;L;DOMNCV=;L;MOJF?G?HN;‹ŠI>?IRCAHCI>OL;HN?IDIAI

    9A
    3I=?RJFC=;;I!!KO?
    ?G<IL;JIMM;?R?L=?LOG?@?CNIJF;=?<I?G;FAOHMDIA;>IL?M
    ;MOJF?G?HN;‹ŠI>?
    IRCAHCI >OL;HN? ; L?=OJ?​L;‹ŠI HŠI ?R?L=? <?H?@=CIM VMCIF•AC=IM L?;CM  +IM DIA;>IL?M DIP?HM =IG MCMN?G;M
    L?MJCL;N•LCIM M;O>†P?CM ? HILG;CM I M;HAO? ;LN?LC;F D† ?MN† JF?H;G?HN? M;NOL;>I >? IRCAHCI  ,O M?D;
     IM
    ?LCNL•=CNIM D† ?MNŠI I G†RCGI >? IRCAHCI JIMMP?F  MMCG M?H>I
     ; ;>GCHCMNL;‹ŠI >? IRCAHCI MOJF?G?HN;L
    ?HKO;HNIIM;NF?N;MM?L?=OJ?​L;GŒOG;G?>C>;CHšNCFJILKO?HŠIŒJIMMP?F;OG?HN;LI;JILN?>?IRCAHCI;IM
    GšM=OFIM  3I= >?P? ?RJFC=;L KO? HŠI B† H?=?MMC>;>? L?;F
     G;M M? ?F? ;=L?>CN;L KO? M?L† OG L?@IL‹I
    JMC=IF•AC=I
    PI=JI>?@;T FIPCMNIKO?HŠIB†LCM=IMJ;L;IMDIA;>IL?M

    6
    4K HMTCK J?L?BMP BC B?PBMQ B? COSGNC B? SLGTCPQGB?BC ?APCBGR? OSC NMBCPG? KCJFMP?P QCS BCQCKNCLFM QC
    AMLQCESGQQC E?LF?P ?JESLQ OSGJMQ BC K?QQ? ​KSQASJ?P C CQRŠ NCLQ?LBM CK AMLQSKGP QSNJCKCLRMQ BC APC?RGL? "MKM
    TMA‘M*6(*/B?COSGNC CJCNCBC?QS?MNGLGŽM

    A

    "RCMN?;FAOGGINCPIJ;L;;=L?>CN;LKO?IMMOJF?G?HNIM>?=L?;NCH;;DO>;LŠI?MM?DIP?G;NF?N;
    .O?CH@ILG;‹™?MMI<L?IOMI>?MOJF?G?HNIM>?=L?;NCH;=IGIMOJILN??LAIAHC=IPI=JI>?>;L;I;NF?N;

    9A
    "G<IL;?RCMN;G?PC>H=C;M>?KO?IMMOJF?G?HNIM>?=L?;NCH;MŠI<?HŒV=IMJ;L;>?MJILNCMN;MKO?H?=?MMCN;G
    >? @IL‹; ? G;MM; ​GOM=OF;L
     ?RCMN?G FCGCN;‹™?M J;L; M?O =IHMOGI  -LCG?CLI
     PI= >?P? CH@ILG;L KO? I A;HBI
    JIH>?L;F CHC=C;F ;I OM;L IM MOJF?G?HNIM >? =L?;NCH; Œ
     G;CM JLIP;P?FG?HN?
     JIL L?N?H‹ŠI >? †AO; ? HŠI JIL
    BCJ?LNLIV; d OM=OF;L;=L?;NCH;ŒIMGINC=;G?HN?;NCP;?L?NŒG†AO; FŒG>CMMI
    I;NF?N;JL?=CM;=IGJL??H>?L
    KO?;=L?;NCH;
    JILMCM•
    HŠIJLIGIP?;OG?HNI>;@IL‹;H?G>;G;MM;​GOM=OF;L r?MM?H=C;FOGJLIAL;G;>?
    NL?CH;G?HNI >? L?MCMNH=C;  "G<IL; ; =L?;NCH; HŠI ?MNCGOF? ;OG?HNI >; G;MM; ​GOM=OF;L HŠI Œ OG ;A?HN?
    ;H;<•FC=I
    MO;MJLIJLC?>;>?M<CI?H?LAŒNC=;MNILH;GJIMMP?FKO??F?@;‹;G;CM>O;ML?J?NC‹™?MJILKO;H>I
    F?P;HN;L J?MIM  &MMI L?MOFN; ?G OG ?MNGOFI G;CM JIN?HN? >I NL?CH;G?HNI ?
     JIL MO; P?T
     JLIGIP? A;HBI
    GI>?L;>I>;G;MM;?>;@IL‹;​GOM=OF;​L?M

    #% @$%

    $KPCQSKM KSGRMQBMQ?SV”JGMQCPEME‘LGAMQBGQASRGBMQLCQRCA?N”RSJMQŽMC¤AGCLRCQN?P??SKCLR?PMBCQCKNCLFMD”QGAM
    $LRPCR?LRM MSQMBCKSGRMQ?SV”JGMQCPEME‘LGAMQNPMG@GBMN?P??RJCR?QNCJM".(CNCJM-" (QQMRMPL?PCJ?RGT?KCLRC
    NCOSCL? ? JGQR? BC ?SV”JGMQ CPEME‘LGAMQ BGQASRGBMQ LCQRC A?N”RSJM OSC NMBCK QCP C¤AGCLRCQ LM ?SKCLRM BM BCQCKNCLFM
    D”QGAM C ASHM SQM LŽM  NPMG@GBM N?P? ?RJCR?Q -CQR? JGQR? CQRŽM "".  A?DC”​L?  APC?RGL?  ',! C ?LRGMVGB?LRCQ .Q ?RJCR?Q
    R?K@K NPCAGQ?K CQR?P AGCLRCQ BC OSC ?JESLQ QSNJCKCLRMQ CQNMPRGTMQ TCLBGBMQ JGTPCKCLRC R?K@K NMBCK AMLRCP
    QS@QR‹LAG?QNPMG@GB?Q

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    .SQMBCCQRCPMGBCQ=========MPGQAMBCA‹LACPBCNP™QR?R?
    FGNMEJGACKG?NMBCQCPSKCDCGRMAMJ?RCP?JB?GLECQRŽMBC=========
    .#'$ SKNPCASPQMPB?=========
     #MGQBMQCDCGRMQAMJ?RCP?GQB?NQCSBMCDCBPGL?QŽM=========C=========
     $/.CQRGKSJ??DMPK?ŽMBCFCKŠAG?QL?=========
    n8@5<8-1?/;84-
    $QQ?RALGA?CPEME‘LGA?CLTMJTCM?SKCLRMBMTMJSKCQ?LES”​LCMRMR?J MSB?AMLR?ECKBCFCKŠAG?Q?RL”TCGQ?AGK?
    BMOSCAMLQGBCP?BMLMPK?J
    ? 2SNJCKCLR?ŽMBCMVGE‘LGM
    @ 3?KNML?KCLRMQ?LES”​LCM
    A 6705.Q?LES”​LCM
    B 2SNJCKCLR?ŽMBCGLQSJGL?
    .Q@CR?@JMOSC?BMPCQA?SQ?KOS?JCDCGRMLMAMPNM
    ? SKCLR?K?Q”LRCQCBCNPMRC”​L?QLM​KžQASJM
    @ %?XCKAMKOSCTMA‘¤OSCPC?JKCLRC?LGK?BM
    A #GKGLSCK?PCQNMQR?YJSR?MSDSE?^
    B ?C@
    QCQNAGCQPC?RGT?QBCMVGE‘LGM$1. ?SKCLR?PG?K?MKŠVGKMCKOS?JCQNMPRC
    ? %SRC@MJ
    @ "MPPGB?BCKCRPMQ
    A ,?P?RML?
    B PPCKCQQMBCNCQM
     .5.KŠVBGKGLSGAMKOS?JRGNMBCAMLRP?ACNRGTMMP?J
    ? ,MLMDŠQGAM
    @ !GDŠQGAM
    A 3PGDŠQGAM
    B -CLFSKBCQQCQM5.KŠVLŽM?DCR?BMNMPAMLRP?ACNRGTMQ
     .RPCGL?KCLRMBC,5+<9(5*, CKGLRCLQGB?BCQCTMJSKCQ?BCOS?BMQ GPŠ
    ? 3CPLCLFSKCDCGRML?NPMRCŽML?RSP?JBMAMPNMNCJMQ?LRGMVGB?LRCQ
    @ #GKGLSGP?NPMRCŽML?RSP?JBMAMPNMNCJMQ?LRGMVGB?LRCQ
    A SKCLR?P?NPMRCŽML?RSP?JBMAMPNMNCJMQ?LRGMVGB?LRCQ
    B 3CPSKCDCGRMT?​PGŠ​TCJ BCNCLBCLBMBMTMJSKCCB?GLRCLQGB?BCCV?RMQ
    )1>0-015>;;A2-8?;
    CPGRPMNMCRGL?$/. SK?QS@QR‹LAG?QGLRRGA?OSCNMBC?NCL?QQCPNPMBSXGB??PRG¤AG?JKCLRCCKJ?@MP?R™PGM
    4K?SV”JGMCPEME‘LGAMSKQSNJCKCLRMOSCNMBC?SKCLR?PMBCQCKNCLFMD”QGAM
    .QBCQCLFMQBSNJM ACEMQ?HSB?K?CTGR?PTGCQCQL?NCQOSGQ?QM@PCM?SV”JGMCPEME‘LGAM
     4KBMQCDCGRMQAMJ?RCP?GQK?GQNCPGEMQMQBMSQMBCCQRCPMGBCQMB?LMFCNŠRGAM
     A?DC”​L?LŽMSK?BPME?CLŽMRCKCDCGRMQ?BTCPQMQ
    $A1?@m1?;.61@5B-?
    -MKCGCCBCQAPCT?BMGQKRMBMQBC+6705.Q?LES”​LCM
    0S?GQQŽMMQN?NGQCMQCDCGRMQLMPK?GQBMFMPKšLGMBMAPCQAGKCLRM
    0S?GQQŽMMQRP‘QRGNMQBCAMLRP?ACNRGTMQMP?GQ"MKMCJCQBGDCPCKCLRPCQG
     /MPOSCMFMPKšLGMBMAPCQAGKCLRMRŽMNMNSJ?PAMKMDŠPK?AMCLRPC?RJCR?Q OS?LBMN?PCACOSCCJCRCKNMSAMMS
    LCLFSKCDCGRMQM@PCMBCQCKNCLFM
     "MKM?APC?RGL?DSLAGML?LM?SKCLRMBMQBCQCKNCLFMQBCDMP?CBCNMR‘LAG?
    "#&

    =9>1C9=@1D?=9=lD931QS@QR‹LAG?OSCKGKCRGX?MQCDCGRMQB?QA?RCAMJ?KGL?Q
    >4B?CD5>549?>1 SK NP™ FMPKšLGM  MS SK GL​RCP​KC​BGŠ​PGM  L? TG? @GMQQGLRRGA? OSC JCT?  Q”LRCQC BM CQRCPMGBC QCVS?J
    K?QASJG​LMRCQRMQRCPML?
    >65D1=9>1QS@QR‹LAG?OSCCQRGKSJ??N?PRCACLRP?JBMQGQRCK?LCPTMQMCKGKCRGX?MQCDCGRMQB?QA?RCAMJ?KGL?Q
    >D9?H941>D5 QS@QR‹LAG? OSC LCSRP?JGX? MQ P?BGA?GQ JGTPCQ  MS CQNAGCQ PC?RGT?Q BC MVGE‘LGM $1.  OSC NMBC RCP CDCGRMQ
    BCJCRPGMQQM@PC?QNPMRC”​L?Q M#- C?QKCK@P?L?Q
    EHo<9?5B7?7m>93?QS@QR‹LAG? NPŠRGA?BCRPCGLMMSDCLšKCLMOSCNMBC?SKCLR?PMBCQCKNCLFMD”QGAM
    5D12<?AE514?B ?ECLRC D?PK?A‘SRGAM OSC GLG@C MQ CDCGRMQ CVAGR?R™PGMQ NPMTMA?BMQ NCJ? N?PRC QGKNŠRGA? BM QGQRCK?
    LCPTMQMLMMPE?LGQKM
    5D1894B?H925D1=5D9<2ED9B1D?#SKKCR?@™JGRMBM?KGLMŠ​AGBMJCSAGL?CQCSACRMŠ​AGBM ?JD?ACRMGQMA?NPM?RM
    B51D9>1AMKNMQRMLGRPMECL?BMLŽMCQQCLAG?J L?RSP?J MPE‹LGAM OSCQGLRCRGX?BM?N?PRGPBCRP‘Q?KGLMŠ​AGBMQ?PEGLGL?
    EJGAGL?CKCRGMLGL?
    5C5>8?4E@<?357?45@5CAE9C1NCQOSGQ?PC?​JG​X?B?CKOSCLCKMQNCQOSGQ?BMPCQLCKMQN?PRGAGN?LRCQQ?@CKOSCK
    CQRŠPCAC@CLBMM?SV”JGMCPEME‘LGAMMSMNJ?AC@M
    9894B?5@91>4B?CD5B?>1  SK NP™ FMPKšLGM  MS GL​RCP​KC​BGŠ​PGM  L? TG? @GMQQGLRRGA? OSC JCT?  Q”LRCQC BM
    CQRCPMGBCQCVS?JK?QASJG​LMRCQRMQRCPML?
    9EBlD93?CDŠPK?AMQOSCGLBSXCK?PCBSŽMBCNCQMAMPNMP?JNCJM?SKCLRMB?BGSPCQC
    ?@9>7C1>7Eo​>5?OS?JOSCPKCGMBC?SKCLR?P?AGK?BMLMPK?JMTMJSKCQ?LES”​LCMRMR?JMSMLžKCPMBCFCKŠAG?Q
    654B9>1?KGL?QGKN?RMKGKRGA?CCQRGKSJ?LRCB?N?PRCACLRP?JBMQGQRCK?LCPTMQMOSCRCKCQRPSRSP?OS”​KGA?N?PCAGB?
    AMK?B??LDCR?KGL?
    B9DB?@?5D9>1&%FMPKšLGMBCMPGECKL?RSP?JOSCCQRGKSJ??NPMBSŽMBCFCKŠAG?QNCJ?KCBSJ?™QQC?
    &o<E<1 1>D93?>35@39?>1< ?B1< =?>?6gC931 N”JSJ? ?LRGAMLACNAGML?J MP?J OSC JG@CP? CQRCPMGBCQ QCVS?GQ DCKGLGLMQ
    CQRPME‘LGMQ NPMECQRME‘LGMQ CKSKN?BPŽMAMLQR?LRCBSP?LRCRMBMMAGAJMKCLQRPS?JBCBG?Q
    &o<E<11>D93?>35@39?>1<?B1<DB96gC931N”JSJ??LRGAMLACNAGML?JMP?JOSCJG@CP?CQRCPMGBCQQCVS?GQDCKGLGLMQCQRPME‘LGMQ
    NPMECQRME‘LGMQ CKRP‘QBMQCQBGDCPCLRCQ?MJMLEMBMAGAJMKCLQRPS?JBCBG?Q
    &<1352?QS@QR‹LAG?MSRP?R?KCLRMOSCLŽMRCKCDCGRM¤QGMJ™EGAMK?QNMBCRCPMCDCGRMNQGAMJ™EGAMBCD?XCPAMKOSCMGL *
    BG​T”​BSM?APCBGRCOSCRCPŠGKN?ARMNMQGRGTMLMBCQCKNCLFM
    &Bs8?B=t>9?QS@QR‹LAG?OSCSKNPMBSRMGL​RCP​KC​BGŠ​PGML?Q”LRCQCBCRCQRMQRCPML?
    &C5E4?5654B9>1?KGL?QGKN?RMKGKRGA?CLAMLRP?B?CKBCQAMLECQRGML?LRCQTCLBGBMQQCKPCACGR?KBGA?
    )E@<5=5>D1kj? 45 ?H97m>9? OS?JOSCP KRMBM BC ?SKCLR?P M AMLRCž​BM BC MVGE‘LGM BM ?P GLQNGP?BM MS ?SKCLR?P ?
    NPCQQŽM @?PMKRPGA? ?K@MQ ?SKCLR?K ? NPCQQŽM N?PAG?J BC MVGE‘LGM  M OSC NMRCLAG?JKCLRC ?SKCLR? M MVGE‘LGM
    RP?LQNMPR?BMNCJMQ?LESC
    )E@<5=5>D?>EDB939?>1<QS@QR‹LAG?CLAMLRP?B?CKSK?BGCR?LMPK?JOSCQC?APCBGR?RCPCDCGRMQCPEME‘LGAMQ
    *1=@v5CC1>7Eo​>5?CQS@QR‹LAG?OSC?SKCLR??F?@GJGB?BCBCBGKGLSGP??AGBCX
    *B1>C6ECj?1EDs<?71RP?LQDSQŽMCKOSCQŽMPCGLDSLBGB?Q?QFCKŠAG?QNPCTG?KCLRCPCRGP?B?QB?KCQK?NCQQM?
    *B1>C6ECj?8?=s<?71RGNMBCRP?LQDSQŽMCKOSCQŽMGLDSLBGB?Q?QFCKŠAG?QM@RGB?QBCMSRP?NCQQM?

    "?#

     KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC/MQGRGML2R?LB3FCSQCMD@JMMBBMNGLE?Q?LCPEMECLGA?GB,CB2AG2NMPRQ
    $VCPAGZVGG
     KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC/MQGRGML2R?LB3FCSQCMD?JAMFMJGLQNMPRQ,CB2AG2NMPRQ$VCPAGVZ
    VG
     PKQRPMLE +$  "MQRGJJ #+  %GLI 6) (L¥SCLACB MSR MD BGSPCRGA GLBSACB BCFWBP?RGML ML AMKNCRGRGTC PSLLGLE
    NCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     PKQRPMLE +$  ,?PCQF ",  *CGRF -1  CR ?J 'C?R ?AAJGK?RGML ?LB NFWQGA?J RP?GLGLE ?B?NR?RGMLQ MD WMSLE UMKCL
    SQGLEBGDDCPCLRAMLRP?ACNRGTCFMPKMLCQ K)/FWQGMJ$LBMAPGLMJ,CR?@$Z$
     PKQRPMLE+$ /SKCP?LRX " 1MRG,6 CR?J%JSGB CJCARPMJWRC?LBPCL?JGLBGACQMDFWBP?RGMLBSPGLECJCTCLB?WQMD
    AMLRPMJJCBA?DDCGLCAMLQSKNRGML(LR)2NMPR-SRP$VCPA,CR?@Z
     PRGMJG&& &S?J?LM! "MCJFM#% CR?J#MCQQMBGSK@GA?P@ML?RCGLECQRGMLGKNPMTCQGKSJ?RCBHSBMNCPDMPK?LAC
    (LR)2NMPR-SRP$VCPA,CR?@Z
     QAFCL@?AF 6  .ACJ )  "P?DR +  CR ?J $DDCAR MD MP?J QMBGSK JM?BGLE ML FGEF GLRCLQGRW ?PK CPEMKCRPW GL AMJJCEC
    UPCQRJCPQ,CB2AG2NMPRQ$VCPAZ
     !?LLGQRCP1& "SLLGKEF?K)"3FCCDDCARQMDRFCPCQNGP?RGML?LBNCPDMPK?LACBSPGLECVCPAGQCMD?BBGLEMVWECLRM
    RFCGLQNGPCB?GP)/FWQGMJZ
     !?PPMQM. ,?XXMLG( 1?@GL.'MPKMLC?@SQCGLQNMPRQ3FC?LRGBMNGLENCPQNCARGTC QG?L) LBPMJZ
    
     !CJJ#& )?AM@Q( $JJCPGLERML*$DDCARMDA?DDCGLC?LBCNFCBPGLCGLECQRGMLML?L?CPM@GACVCPAGQCNCPDMPK?LAC,CB
    2AG2NMPRQ$VCPAZ
     !CJJ #&  )?AM@Q (  9?KCALGI ) $DDCARQ MD A?DDCGLC  CNFCBPGLC ?LB RFCGP AMK@GL?RGML ML RGKC RM CVF?SQRGML BSPGLE
    FGEF GLRCLQGRWCVCPAGQC$SP) NNJ/FWQGMJZ
     !CJJ#& ,A+CJJ?L3, 2?@GQRML",$DDCARMDGLECQRGLEA?DDCGLC?LBCNFCBPGLCML IKDPMKNCPDMPK?LAC,CB
    2AG2NMPRQ$VCPAZ
     !CLLCJJ *  6FGRC 2  "PMQQJCW * 3FC MP?J AMLRP?ACNRGTC NGJJ  PCTMJSRGML DMP QNMPRQUMKCL !P ) 2NMPRQ ,CB
    Z
     !GPICJ?LB*( 2RP?W &SLBCPQCL) 'CKKCPQ@?AF/ CR?J$DDCARMDPF$/.?BKGLGQRP?RGMLMLQCPSKJCTCJQMDQ3D1?LB
    AWAJGLENCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     !GQFMN #  $BEC )  #?TGQ "  CR ?J (LBSACB KCR?@MJGA ?JI?JMQGQ ?DDCARQ KSQAJC KCR?@MJGQK ?LB PCNC?RCB QNPGLR ?@GJGRW
    Z
     !GQFMN# "J?SBGSQ!$DDCARQMDGLBSACBKCR?@MJGA?JI?JMQGQMLNPMJMLECBGLRCPKGRRCLR QNPGLRNCPDMPK?LAC,CB2AG
    2NMPRQ$VCPAZ
     !MLCL '?WLCQ%6 &P?F?K3$2S@QRP?RC?LBFMPKML?JPCQNMLQCQRMCVCPAGQCGLUMKCLSQGLEMP?JAMLRP?ACNRGTCQ
    ) NNJ/FWQGMJZ
     !MPPGMLC /  ,?QRPMLC  2?JTM 1  CR ?J .VWECL BCJGTCPW CLF?LACPQ /?QR  NPCQCLR  ?LB DSRSPC ) $LBMAPGLMJ (LTCQR
    Z
     !PMUL& 5SIMTGAF,# 2F?PN1+ CR?J$DDCARMDMP?J#'$ MLQCPSKRCQRMQRCPMLC?LB?B?NR?RGMLQRMPCQGQR?LAC
    RP?GLGLEGLWMSLEKCL) NNJ/FWQGMJZ
     !SGAI%) &JCBFGJJ- %PMCQC ! CR?J$DDCARMDGLBSACBCPWRFPMAWRFCKG?ML?CPM@GAUMPIA?N?AGRW) NNJ/FWQGMJ
    Z
     "?Q?XX? &  2SF 2'  ,GJJCP !%  CR ?J $DDCARQ MD MP?J AMLRP?ACNRGTCQ ML NC?I CVCPAGQC A?N?AGRW ) NNJ /FWQGMJ
    Z
     "?WJ?)+ ,?GPC/ #ST?JJCR CR?J$PWRFPMNMGCRGLGLBSACQ?QFGDRMDKSQAJCNFCLMRWNCDPMKD?QREJWAMJWRGARMQJMU
    MVGB?RGTC(LR)2NMPRQ,CBZ
     "F?LBJCP)5 !J?GP2-3FCCDDCARMD?A?BCKWMLQCJCARCBNFWQGMJMEGA?JAMKNMLCLRPCJ?RCBRM?RFJCRGAQSAACQQ,CB
    2AG2NMPRQ$VCPAZ
     "FCQRCP -  1CGJJW 3  ,MRRP?K #1 /FWQGMJMEGA?J  QS@HCARGTC ?LB NCPDMPK?LAC CDDCARQ MD NQCSBMCNFCBPGLC ?LB
    NFCLWJNPMN?LMJ?KGLCBSPGLECLBSP?LACPSLLGLECVCPAGQC(LR)2NMPRQ,CBZ
     "J?PIQML/, 3FMKNQML'2#PSEQ?LBQNMPRPCQC?PAF¤LBGLEQ?LBJGKGR?RGMLQ2NMPRQ,CBZ
     "J?PIQML/, 3FMKNQML'2 LRGMVGB?LRQ6F?RPMJCBMRFCWNJ?WGLNFWQGA?J?ARGTGRW?LBFC?JRF K)"JGL-SRP
    2Z2
     "MQRGJJ #+  #?JQIW &/  %GLI 6) $DDCARQ MD A?DDCGLC GLECQRGML ML KCR?@MJGQK ?LB CVCPAGQC NCPDMPK?LAC ,CB 2AG
    2NMPRQZ
     #?TGQ$ +MG?AMLM1 2SKKCPQ1)3FCPSQFRM?BPCL?JGLC#PSEQGLQNMPR?ARGLEMLRFC@CR? ?BPCLCPEGAQWQRCK!P)
    /F?PK?AMJZ
     #MSPMSBMQ(( %?RMSPMQ(& &MSPEMSJGQ5 CR?J#MQC PCJ?RCBCDDCARQMDNPMJMLECB-?'".GLECQRGMLBSPGLEFGEF
    GLRCLQGRWCVCPAGQC,CB2AG2NMPRQ$VCPAZ
     $BEC) !GQFMN# &MMBK?L"$DDCARQMDAFPMLGA-?'".GLECQRGMLBSPGLEGLRCPT?JRP?GLGLEMLAF?LECQRMKSQAJC
    @SDDCPA?N?AGRW KCR?@MJGQK ?LBQFMPR RCPKCLBSP?LACNCPDMPK?LAC) NNJ/FWQGMJZ
     $I@JMK! !CPEJSLB!$DDCARMDCPWRFPMNMGCRGL?BKGLGQRP?RGMLMLK?VGK?J?CPM@GANMUCP2A?LB),CB2AG2NMPRQ
    Z
     $I@JMK !  &MJB@?PE -  &SJJ@PGLE ! 1CQNMLQC RM CVCPAGQC ?DRCP @JMMB JMQQ ?LB PCGLDSQGML ) NNJ /FWQGMJ
    Z
     %GL?SB) +?A& %GJ?GPC$.VGB?RGTCQRPCQQ1CJ?RGMLQFGNUGRFCVCPAGQC?LBRP?GLGLE2NMPRQ,CBZ
     %J?IMJJ/ 2F?PN1 !?GCP2 CR?J$DDCARMD@CR? FWBPMVW @CR? KCRFWJ@SRWP?RC ?PEGLGLC ?LBJWQGLCQSNNJCKCLR?RGMLML
    QRPCLERF DSLARGML?JGRW @MBWAMKNMQGRGML ?LBNPMRCGLKCR?@MJGQKGLCJBCPJWUMKCL-SRPGRGMLZ
     &G@LCW )  'C?JW ,+  2›LIQCL /' 3FC EPMURF FMPKMLCGLQSJGL JGIC EPMURF D?ARMP ( ?VGQ GL CVCPAGQC ?LB QNMPR
    $LBMAP1CTZ
     &GJJCQ' #CPK?L6$ -M?ICQ3# CR?J/QCSBMCNFCBPGLCGQUGRFMSRCPEMECLGACDDCARBSPGLENPMJMLECBCVCPAGQC)
    NNJ/FWQGMJZ
     &JCBFGJJ-3FCGL¥SCLACMDMJBCP@JMMBTMJSKC?LBMVWECLRP?LQNMPRA?N?AGRWML?CPM@GANCPDMPK?LAC$VCPA2NMPRQ
    2AG1CTZ
     &MPBML2$ *P?CKCP6) 5MQ-' CR?J$DDCARMD?AGB @?QC@?J?LACMLRFCEPMURFFMPKMLCPCQNMLQCRM?ASRCFGEF
    GLRCLQGRWAWAJCCVCPAGQC) NNJ/FWQGMJZ
     &MRQF?JI+ *P?CKCP6) ,CLBMLA?, CR?J"PC?RGLCQSNNJCKCLR?RGMLGKNPMTCQKSQASJ?PNCPDMPK?LACGLMJBCP
    UMKCL$SP) NNJ/FWQGMJZ
     &MRQF?JI +  5MJCI )2  2R?PML 12  CR ?J "PC?RGLC QSNNJCKCLR?RGML GKNPMTCQ KSQASJ?P NCPDMPK?LAC GL MJBCP KCL
    ,CB2AG2NMPRQ$VCPAZ
     &P?F?K ,1  !?ICP )2  $T?LQ /  CR ?J /FWQGA?J CDDCARQ MD QFMPR RCPK PCAMK@GL?LR FSK?L EPMURF FMPKMLC
    ?BKGLGQRP?RGMLGL?@QRGLCLRQRCPMGBBCNCLBCLAW'MPK1CQZ
     'MBECQ* '?LAMAI2 "SPPCJJ* CR?J/QCSBMCNFCBPGLCCLF?LACQNCPDMPK?LACGL KPSLLCPQ,CB2AG2NMPRQ
    $VCPAZ
     'MDDK?L )1  "MMNCP )  6CLBCJJ ,  CR ?J $DDCARQ MD @CR? FWBPMVW @CR? KCRFWJ@SRWP?RC ML NMUCP NCPDMPK?LAC ?LB
    GLBGACQMDKSQAJCB?K?EC?LBQRPCQQBSPGLEFGEF GLRCLQGRWRP?GLGLE)2RPCLERF"MLB1CQZ
     'MDDK?L )1  *P?CKCP 6)  1?R?KCQQ -  CR ?J /MQGRGML QR?LB ML ?LBPMECL ?LB EPMURF FMPKMLC SQC ) 2RPCLERF
    "MLB1CQ2SNNJ 2Z2
     (TW)+ "MQRGJJ#+ %GLI6) CR?J(L¥SCLACMDA?DDCGLC?LBA?P@MFWBP?RCDCCBGLEQMLCLBSP?LACNCPDMPK?LAC,CB
    2AG2NMPRQZ
     )?AM@Q( /?QRCPL?I' !CJJ#&$DDCARQMDCNFCBPGLC A?DDCGLC?LBRFCGPAMK@GL?RGMLMLKSQASJ?PCLBSP?LAC,CB2AG
    2NMPRQ$VCPAZ
     )™UIM$ .QR?QXCUQIG/ )?LI, CR?J"PC?RGLC?LB@CR? FWBPMVW @CR? KCRFWJ@SRWP?RC',! ?BBGRGTCJWGLAPC?QCJC?L
    @MBWK?QQ?LBKSQAJCQRPCLERFBSPGLE?UCGEFR RP?GLGLENPMEP?K-SRPGRGMLZ
     *GLE #2  2F?PN 1+  5SIMTGAF ,#  CR ?J $DDCAR MD MP?J ?LBPMQRCLCBGMLC ML QCPSK RCQRMQRCPMLC ?LB ?B?NR?RGMLQ RM
    PCQGQR?LACRP?GLGLEGLWMSLEKCL P?LBMKGXCBAMLRPMJJCBRPG?J) , Z
     *P?CKCP6) #SLL +CUGQ" "MKQRMAI! CR?J&PMURFFMPKMLC CVCPAGQC ?LB?RFJCRGANCPDMPK?LAC?AMLRGLSCB
    CTMJSRGMLMDAMKNJCVGRW"SPP2NMPRQ,CB1CN  Z
     *P?CKCP 6)  &MPBML 2$  +WLAF ),  CR ?J $DDCARQ MD KSJRG@SDDCP QSNNJCKCLR?RGML ML ?AGBZ@?QC @?J?LAC ?LB  
    BGNFMQNFMEJWACP?RCDMJJMUGLEPCNCRGRGTC?L?CPM@GACVCPAGQC(LR)2NMPR-SRPZ
     *P?CKCP 6)  '?R¤CJB #+  2NGCPGLE !  CR ?J $DDCARQ MD ? KSJRG LSRPGCLR QSNNJCKCLR ML CVCPAGQC NCPDMPK?LAC ?LB
    FMPKML?JPCQNMLQCQRMPCQGQR?LACCVCPAGQC$SP) NNJ/FWQGMJZ
     *SFJQ #  1?RFK?AFCP )  ,SQLEG ,#  CR ?J !CR? FWBPMVW @CR? KCRFWJ@SRWP?RC QSNNJCKCLR?RGML GL APGRGA?JJW GJJ
    RP?SK?N?RGCLRQ)3P?SK?Z
     +C@PSL ",  /CRGR ,  ,A*CLXGC #"  CR ?J #CAPC?QCB K?VGK?J ?CPM@GA A?N?AGRW UGRF SQC MD RPGNF?QGA MP?J
    AMLRP?ACNRGTCGLFGEFJW?ARGTCUMKCL P?LBMKGQCBAMLRPMJJCBRPG?J!P)2NMPRQ,CBZ
     +GLBF ,  /CWPC@PSLC ,"  (LEF?K 2  CR ?J 2MBGSK @GA?P@ML?RC GKNPMTCQ QUGKKGLE NCPDMPK?LAC (LR ) 2NMPRQ
    ,CBZ
     +GS' !P?T?R?#, .JIGL( CR?J2WQRCK?RGAPCTGCU3FCCDDCARQMDEPMURFFMPKMLCML?RFJCRGANCPDMPK?LAC LL
    (LR,CBZ
     +GS '  !P?T?R? #,  .JIGL (  CR ?J 2WQRCK?RGA PCTGCU 3FC Q?DCRW ?LB CD¤A?AW MD EPMURF FMPKMLC GL RFC FC?JRFW
    CJBCPJW LL(LR,CBZ
     +WLAF -)  #C 5GRM &  -GKKM ,  +MU BMQ?EC KMLMNF?QGA MP?J AMLRP?ACNRGTC SQC ?LB GLRCPKGRRCLR CVCPAGQC
    NCPDMPK?LAC?LBKCR?@MJGQKGLFSK?LQ$SP) NNJ/FWQGMJZ
     ,?RQSSP?1  PGKGRQS3 *GKSP?3 CR?J$DDCARMDMP?J?BKGLGQRP?RGMLMDQMBGSK@GA?P@ML?RCMLQSPD?AC$,&?ARGTGRW
    BSPGLEPCNC?RCBAWAJGLEQNPGLRQ$SP) NNJ/FWQGMJZ
     ,A-?SEFRML+1 2GCEJCP) ,GBEJCW $PEMECLGACDDCARQMDQMBGSK@GA?P@ML?RC"SPP2NMPRQ,CB1CNZ
    
     ,A-CGJJ 6  ,MXGLEM $ "F?LECQ GL RFC KCR?@MJGA AMQR MD QR?LB?PBGXCB UMPI ?QQMAG?RCB UGRF RFC SQC MD ?L MP?J
    AMLRP?ACNRGTC)2NMPRQ,CB/FWQ%GRLCQQZ
     ,CGLF?PBR 4  -CJQML $  '?LQCL )+  CR ?J 3FC CDDCARQ MD EPMURF FMPKMLC ML @MBW AMKNMQGRGML ?LB NFWQGA?J
    NCPDMPK?LACGLPCAPC?RGML?J?RFJCRCQ?P?LBMKGXCBRPG?J LL(LRCPL,CB Z
     ,CPM  *CQIGLCL *+  ,?JTCJ? ,3  CR ?J "MK@GLCB APC?RGLC ?LB QMBGSK @GA?P@ML?RC QSNNJCKCLR?RGML CLF?LACQ
    GLRCPT?JQUGKKGLEZ
     -GAFMJQ 6 'CRXJCP1* 5GJJ?LSCT?1) CR?J$DDCARQMDAMK@GL?RGMLMP?JAMLRP?ACNRGTCQMLQRPCLERFBCTCJMNKCLRGL
    UMKCL?RFJCRCQ)2RPCLERF"MLB1CQZ
     -GCJQML'! !MSQFCJ1 ,?BQCL/ CR?J"CPC@P?JBCQ?RSP?RGMLBSPGLECVCPAGQCPCTCPQCB@W.QSNNJCKCLR?RGML K)
    /FWQGMJ'Z'
     -MRCJMTGRX, 9?SLCP" ,A*CLXGC+ CR?J3FCCDDCARMDJMU BMQCMP?JAMLRP?ACNRGTCQMLA?PBGMPCQNGP?RMPWDSLARGML
    AM?ESJ?RGML ?LBJGNGBQGLCVCPAGQGLEWMSLEUMKCL NPCJGKGL?PWPCNMPR K).@QRCR&WLCAMJZ
     -SKKCJ? 3  '?K?J?GLCL (3  1SQIM '* $DDCAR MD FWNCPMVG? ML KCR?@MJGA PCQNMLQCQ ?LB PCAMTCPW GL GLRCPKGRRCLR
    CVCPAGQC2A?LB),CB2AG2NMPRQZ
     ."MLLMP #,  "PMUC ,) $DDCARQ MD QGV UCCIQ MD @CR? FWBPMVW @CR? KCRFWJ@SRWP?RC ',!  ?LB ',!APC?RGLC
    QSNNJCKCLR?RGML ML QRPCLERF  NMUCP  ?LB ?LRFPMNMKCRPW MD FGEFJW RP?GLCB ?RFJCRCQ ) 2RPCLERF "MLB 1CQ
    Z
     /?JGQGL3 2R?AW))!CR? FWBPMVW @CR? KCRFWJ@SRWP?RC?LBGRQSQCGL?RFJCRGAQ"SPP2NMPRQ,CB1CNMPRQZ
    
     /?L)6 3?II?F?QFG*"CPC@P?JCLCPECRGACDDCARQMDAPC?RGLCQSNNJCKCLR?RGMLGLFSK?LQ K)1CESJ(LRCEP"MKN
    /FWQGMJ1Z1
     /CJRMLCL )$  3GII?LCL '.  1SQIM '* "?PBGMPCQNGP?RMPW PCQNMLQCQ RM CVCPAGQC ?L ?ASRC FWNMVG?  FWNCPMVG? ?LB
    LMPKMVG?$SP) NNJ/FWQGMJZ
     /PGAC, ,MQQ/ 1?LAC2$DDCARQMDQMBGSK@GA?P@ML?RCGLECQRGMLMLNPMJMLECBGLRCPKGRRCLRCVCPAGQC,CB2AG2NMPRQ
    $VCPAZ
     1?UQML$2 5MJCI)2$DDCARQMDAPC?RGLCQSNNJCKCLR?RGML?LBPCQGQR?LACRP?GLGLEMLKSQAJCQRPCLERF?LBUCGEFRJGDRGLE
    NCPDMPK?LAC)2RPCLERF"MLB1CQZ
     1?WKCP &'  ,?PQF &#  *MU?JAFSI ),  CR ?J ,CR?@MJGA CDDCARQ MD GLBSACB ?JI?JMQGQ BSPGLE NPMEPCQQGTC DMPC?PK
    CVCPAGQCRMD?RGESC) NNJ/FWQGMJZ
     1CBK?L+, 2APMMN&" 6CQRJ?LBCP& CR?J$DDCARMDQWLRFCRGANPMECQRGLMLRFCCVCPAGQCQR?RSQMDQCBCLR?PWWMSLE
    UMKCL)"JGL$LBMAP,CR?@Z
     1M@CPEQ1 &FG?QT?LB% /?PICP#!GMAFCKGQRPWMDCVCPAGQC GLBSACBKCR?@MJGA?AGBMQGQ K)/FWQGMJ1CESJ(LRCEP
    "MKN/FWQGMJ1Z1
     1M@GLQML- &GP?SB2 2?SB?L" CR?J$PWRFPMNMGCRGL?LB@JMMBBMNGLE!P)2NMPRQ,CB2SNNJ GZG
     2GCEJCP)" *C?RJCW2 ,GBEJCW 6 CR?J/PC CVCPAGQC?JI?JMQGQ?LB?AGB @?QCPCAMTCPW(LR)2NMPRQ,CBZ
    
     2KGRF&, !CCAFCP'* KNFCR?KGLCQSJD?RC?LB?RFJCRGANCPDMPK?LAC) , Z
     2›IKCL!  PKQRPMLE+$ *P?CKCP6) CR?J"?DDCGLCSQCGLQNMPRQ"MLQGBCP?RGMLQDMPRFC?RFJCRC)2RPCLERF"MLB
    1CQZ
     2NPGCR ++  /CPPW "&  3?J?LG?L )+ +CE?J NPC CTCLR LSRPGRGML?J QSNNJCKCLRQ RM ?QQGQR CLCPEW KCR?@MJGQK $QQ?WQ
    !GMAFCKZ
     2RCNFCLQ 3)  ,A*CLL? ,)  "?LLW !)  CR ?J $DDCAR MD QMBGSK @GA?P@ML?RC ML KSQAJC KCR?@MJGQK BSPGLE GLRCLQC
    CLBSP?LACAWAJGLE,CB2AG2NMPRQ$VCPAZ
     2U?GL1 '?PQF?#, !?CLXGECP) CR?J#MNQCSBMCNFCBPGLCMPNFCLWJNPMN?LMJ?KGLCGKNPMTCK?VGKSKMVWECL
    SNR?IC?LBRGKCRMCVF?SQRGML3CAF)2NMPR,CBZ
     3FMKQCL ))  1CLRQAF 1+  1M@?AF /  CR ?J /PMJMLECB ?BKGLGQRP?RGML MD PCAMK@GL?LR CPWRFPMNMGCRGL GLAPC?QCQ RFC
    QS@K?VGK?JNCPDMPK?LACKMPCRF?LK?VGK?J?CPM@GAA?N?AGRW$SP) NNJ/FWQGMJZ
     5GGR?Q?JM)3 *PWMJ?GLCL' !MQAM" CR?J$DDCARQMDP?NGBUCGEFRPCBSARGMLMLDMPACNPMBSARGML?LBTCPRGA?JHSKNGLE
    FCGEFR(LR)2NMPRQ,CBZ
     5?L ,MLRDMMPR ,"  5?L #GCPCL +  'MNIGLQ 6&  CR ?J $DDCARQ MD GLECQRGML MD @GA?P@ML?RC  AGRP?RC  J?AR?RC  ?LB
    AFJMPGBCMLQNPGLRPSLLGLE,CB2AG2NMPRQ$VCPAZ
     5MJCI)2 #SLA?L-# ,?XXCRRG2 CR?J/CPDMPK?LAC?LBKSQAJC¤@CP?B?NR?RGMLQRMAPC?RGLCQSNNJCKCLR?RGML?LB
    FC?TWPCQGQR?LACRP?GLGLE,CB2AG2NMPRQ$VCPAZ
     5MJCI) *P?CKCP6)"PC?RGLCQSNNJCKCLR?RGML(RQCDDCARMLFSK?LKSQASJ?PNCPDMPK?LAC?LB@MBWAMKNMQGRGML)
    2RPCLERF"MLB1CQZ
     5MJCI )2  *P?CKCP 6)  !SQF )  CR ?J "PC?RGLC QSNNJCKCLR?RGML CLF?LACQ KSQASJ?P NCPDMPK?LAC BSPGLE FGEF
    GLRCLQGRWPCQGQR?LACCVCPAGQC) K#GCR QQMAZ
     5MJCI)2 ,?XXCRRG2 %?POSF?P6! CR?J/FWQGMJMEGA?JPCQNMLQCQRMQFMPR RCPKCVCPAGQCGLRFCFC?R?DRCPAPC?RGLC
    JM?BGLE,CB2AG2NMPRQ$VCPAZ
     5MJCI )2  1?UQML $2 2AGCLRG¤A @?QGQ ?LB NP?ARGA?J ?QNCARQ MD APC?RGLC QSNNJCKCLR?RGML DMP ?RFJCRCQ -SRPGRGML
    Z
     6?RQML &  )SBCJQML #  PKQRPMLE +$  CR ?J (L¥SCLAC MD BGSPCRGA GLBSACB BCFWBP?RGML ML AMKNCRGRGTC QNPGLR ?LB
    NMUCPNCPDMPK?LAC,CB2AG2NMPRQ$VCPAZ
     6CJJC 2  )MXCDMUGAX 1  2R?RR , %?GJSPC MD BCFWBPMCNG?LBPMQRCPMLC RM GL¥SCLAC CLCPEW ?LB NPMRCGL KCR?@MJGQK GL
    FSK?LQ)"JGL$LBMAPGLMJ,CR?@Z
     6GJ@CP 1+  'MJK /+  ,MPPGQ #,  CR ?J $DDCAR MD %(. ML NFWQGMJMEGA?J PCQNMLQCQ ?LB AWAJGLE NCPDMPK?LAC ?R
    KMBCP?RC?JRGRSBC,CB2AG2NMPRQ$VCPAZ
     6GJ@CP1+ 'MJK/+ ,MPPGQ#, CR?J$DDCARMD%(.MLMVGB?RGTCQRPCQQCBBSPGLEGLRCPT?JRP?GLGLE?RKMBCP?RC
    ?JRGRSBC,CB2AG2NMPRQ$VCPAZ
     6GJJG?KQ,'3FC$PEMECLGA$BEC"F?KN?GEL (+'SK?L*GLCRGA/S@JGQFCPQ 
     6GJJG?KQ,' 6CQQCJBGLC2 2MKK?3 CR?J3FCCDDCARMDGLBSACBCPWRFPMAWRFCKG?SNML KGJCRPC?BKGJJPSLRGKC
    ,CB2AG2NMPRQ$VCPAZ
     6GJQML&) 6GJQML), ,?LLGLCL '$DDCARQMD@CR? FWBPMVW @CR? KCRFWJ@SRWP?RC',! MLCVCPAGQCNCPDMPK?LAC
    ?LB @MBW AMKNMQGRGML ?APMQQ T?PWGLE JCTCJQ MD ?EC  QCV  ?LB RP?GLGLE CVNCPGCLAC  PCTGCU -SRP ,CR?@ +MLB 
    Z
     6GLRCP%# 2LCJJ/& 2RP?W &SLBCPQCL)$DDCARQ?PCMVWECLMLNCPDMPK?LACMD?NPMDCQQGML?JQMAACPNJ?WCPQ
    ) , Z

    
    !?PPMQM. ,?XXMLG( 1?@GL.'MPKMLC?@SQCGLQNMPRQ3FC?LRGBMNGLENCPQNCARGTC QG?L) LBPMJZ
    "J?PIQML/, 3FMKNQML'2#PSEQ?LBQNMPRPCQC?PAF¤LBGLEQ?LBJGKGR?RGMLQ2NMPRQ,CBZ
    "MMNCP"$3FC@GMAFCKGQRPWMDBPSEQ?LBRFCKCRFMBQSQCBRMCLF?LAC?CPM@GAQNMPRNCPDMPK?LAC$QQ?WQ!GMAFCKZ
    
    %GL?SB) +?A& %GJ?GPC$.VGB?RGTCQRPCQQ1CJ?RGMLQFGNUGRFCVCPAGQC?LBRP?GLGLE2NMPRQ,CBZ
    'MDDK?L )1  *P?CKCP 6)  !F?QGL 2  CR ?J /MQGRGML QR?LB ML ?LBPMECL ?LB EPMURF FMPKMLC SQC ) 2RPCLERF "MLB 1CQ
    2SNNJ 2Z2
    &JCBFGJJ - 3FC GL¥SCLAC MD MJBCP @JMMB TMJSKC ?LB MVWECL RP?LQNMPR A?N?AGRW ML ?CPM@GA NCPDMPK?LAC $VCPA 2NMPRQ 2AG 1CT
    Z
    2›IKCL !  PKQRPMLE +$  *P?CKCP 6)  CR ?J "?DDCGLC SQC GL QNMPRQ "MLQGBCP?RGMLQ DMP RFC ?RFJCRC ) 2RPCLERF "MLB 1CQ
    Z
    2NPGCR ++  /CPPW "&  3?J?LG?L )+ +CE?J NPC CTCLR LSRPGRGML?J QSNNJCKCLRQ RM ?QQGQR CLCPEW KCR?@MJGQK $QQ?WQ !GMAFCK
    Z
    6GJJG?KQ,'3FC$PEMECLGA$BEC"F?KN?GEL (+'SK?L*GLCRGA/S@JGQFCPQ 
    6GJJG?KQ,'%?ARQ?LBD?JJ?AGCQMDNSPNMPRCBCPEMECLGA?KGLM?AGBQSNNJCKCLRQ"JGL2NMPRQ,CBZ
    6GJQML &)  6GJQML ),  ,?LLGLCL ' $DDCARQ MD @CR? FWBPMVW @CR? KCRFWJ@SRWP?RC ',!  ML CVCPAGQC NCPDMPK?LAC ?LB @MBW
    AMKNMQGRGML?APMQQT?PWGLEJCTCJQMD?EC QCV ?LBRP?GLGLECVNCPGCLAC PCTGCU-SRP,CR?@+MLB Z
    AD2=6:EFC256DE642A{EF=@G@4y56G6D6C42A2K56
      IGJL??H>?LKO?H?GNI>IM>?P?GM?LMO<G?NC>IM;IG?MGI?MNGOFI>??R?L==CI
    CMNIŒ
    CHN?HMC>;>?

    @L?​KOH=C;
    >OL;‹ŠI?GI>I
      "HN?H>?LKO?
    JIL=;OM;>?=?LN;M=IH>C‹™?M@MC=;MIOJL?I=OJ;‹™?M>?M;š​>?
    JI>?M?LH?=?MM†LCIKO?
    IML?ACG?M>??R?L==CIM?D;G=OMNIGCT;>IMJ;L;;FAOHMALOJIM>?J?MMI;M
      IGJL??H>?L KO? ; =;J;=C>;>? >? JIJOF;‹™?M ?MJ?=C;CM >? J?MMI;M ; L?MJIH>?L =OLNI JL;TI ? IO M?
    ;>;JN;LFIHAIJL;TI;I?R?L==CIJI>??MN;L;FN?L;>;
      IH=FOCL=IGIINL?CH;G?HNI@MC=IJI>?M?L;CH>;G;CM<?HŒV=IJ;L;;FAOHMALOJIM>?J?MMI;M>IKO?
    J;L;;JIJOF;‹ŠIHILG;F
      "MN;L=C?HN?>;MFCGCN;‹™?MKO?;AL;PC>?TJI>?CGJIL‰=;J;=C>;>?>?OG;GOFB?L>?M??R?L=CN;L=IG
    M?AOL;H‹;
      "HN?H>?L KO;CM @;NIL?M >?P?G M?L F?P;>IM ?G =IHN; KO;H>I M? >?M?HB; JLIAL;G;M >? ?R?L==CIM J;L;
    =LC;H‹;M?C>IMIM
      /?=IHB?=?L =IGI I ?R?L==CI >?P? M?L ONCFCT;>I J;L; ;>GCHCMNL;L =?LN;M >I?H​‹;M
     =IGI ; ;MG; ? I
    >C;<?N?M

     G<IL;?MJ?=C;FCMN;M>?M;š​>?L?=IG?H>?GOGJLIAL;G;>?NL?CH;G?HNIL?AOF;L>?
    ?R?L==CIMJ;L;PCLNO;FG?HN?NI>;M;MJ?MMI;M
    ?RCMN?GM?AG?HNIM>;JIJOF;‹ŠIKO?
    G?L?=?G =IHMC>?L;‹™?M ?MJ?=C;CM MI<L? MO;M H?=?MMC>;>?M >? ?R?L==CIM
     =IGI ?F?M
    JI>?GL?MJIH>?L;I?R?L==CI?I>?M?HBI>IMM?OML?ACG?M?MJ?=C;CM>?NL?CH;G?HNI
    !? JL?I=OJ;‹ŠI ?MJ?=C;F MŠI ;M GOFB?L?M
     ;M =LC;H‹;M
     IM C>IMIM ? ;M J?MMI;M =IG
    MCNO;‹™?M J;NIF•AC=;M =IGI >C;<?N?M
     ;LNLCN?
     >I?H​‹; JOFGIH;L I<MNLONCP; =L–HC=; ?
    =IH>C‹™?M A?HŒNC=;M ?MJ?=C;CM  IG?‹;L?GIM ?MN? =;JNOFI >CM=ONCH>I ;M GOFB?L?M
    ;NF?N;M
    #D;74A4B44G4A2w28>

    -MQžJRGKMQMS?LMQ ?QKSJFCPCQN?QQ?P?K?QCCLTMJTCPA?B?TCXK?GQAMK?N?PRGAGN?ŽM?RJRGA?CMRPCGL?KCLRM
    BCCVCPA”AGMQ ?NPMT?ŽMBM3”RSJM(7 CK RCTCDCGRMQBCJMLEM?JA?LAC LŽMQ™NMPDMPLCACPK?GQMNMPRSLGB?BCQBC
    RGNMQ BC CQNMPRC N?P? KSJFCPCQ  K?Q R?K@K NMP ?RP?GP K?GQ KSJFCPCQ N?P? N?PRGAGN?P BC NPMEP?K?Q BC ?NRGBŽM D”QGA?
    $K@MP??QKSJFCPCQ?NPCQCLRCK?B?NR?CQ¤QGMJ™EGA?QNMQGRGT?Q?MRPCGL?KCLRMBCCVCPA”AGM QGKGJ?PKCLRC?MQFMKCLQZ
    R?LRM CK RPCGL?KCLRM BC ,5+<9(5*, OS?LRM CK RPCGL?KCLRM BC PCQGQR‘LAG? Z  CVGQRCK ?JESLQ D?RMPCQ ?L?RšKGAMQ C
    ¤QGMJ™EGAMQCQNCA”¤AMQBMQCVMOSCBCTCKQCPJCT?BMQCKAMLQGBCP?ŽMOS?LBMQŽMCV?KGL?BMQMQCDCGRMQBMCVCPA”AGML?Q
    KSJFCPCQ

    :76C6?w2D:?6C6?E6Du2?2E@>:26uMD:@=@8:26>9@>6?D66>>F=96C6D
    $K@MP? F?H? KSGR?Q QCKCJF?L?Q L?Q ?B?NR?CQ ¤QGMJ™EGA?Q CLRPC FMKCLQ C KSJFCPCQ  R?K@K CVGQRCK BGDCPCL?Q
    GLCPCLRCQ?L?RMKG?C¤QGMJMEG?$QQ?QBGDCPCL?QCQRŽMPCJ?AGML?B?QAMK?AMKNMQGŽMAMPNMP?J ?DMP? ?NMR‘LAG? M
    ,5+<9(5*,C?A?N?AGB?BC?CP™@G?
    $K PCJ?ŽM  AMKNMQGŽM AMPNMP?J  ?Q KSJFCPCQ A?P?ARCPGQRGA?KCLRC R‘K KCLMQ K?QQ? ​KSQASJ?P C AMPNMP?J  K?Q SK?
    NMPACLR?ECKK?GMPBCEMPBSP?AMPNMP?JBMOSCMQFMKCLQ AMKMKMQRP?BML?%GESP? KCLMPK?QQ?​KSQASJ?PTGQR?
    CKKSJFCPCQ?RPG@S”​B?NPGLAGN?JKCLRC?MKCLMPR?K?LFMB?Q¤@P?Qh SQASJ?mCQ QCAMKN?P?B?QAMK?QBMQFMKCLQ(QQM
     CTGBCLRC CK A?B? SK BMQ RP‘Q RGNMQ BC ¤@P?Q h SQASJ?mCQ (  ((  C ((7  OSC QŽM CLAMLRP?B?Q LM h žQASJM CQOSCJRGAM
    FSK?LM ?BSJRM $K@MP? FMKCLQ C KSJFCPCQ BCKMLQRPCK SK? AMKNMQGŽM QCKCJF?LRC BC RGNMQ BC ¤@P?Q h SQASJ?mCQ
    N?PCAC OSC  NCJM KCLMQ LMQ ​KžQASJMQ B? AMV?  ?Q ¤@P?Q RGNM ( ?NPCQCLR?K ? K?GMP NPMNMPŽM BC K?QQ? h SQASJ?P CK
    KSJFCPCQ CLOS?LRM CKFMKCLQ ?Q¤@P?Q h SQASJ?mCQRGNM(( AMLRPG@SCKN?P??K?GMPN?PRCB?K?QQ?h SQASJ?P
    86DA0   854A4=s0B 0=CA>?><tCA820B 4=CA4 7><4=B 4 <D;74A4B *I>CV=;>; >? ?BHE? /
     4CFGIL? '%
    "P;FO;NCIH;H>/?AOF;NCIHI@I>SOCF>CHA;H> IGJIMCNCIH "HAF?QII> FC@@M
    +'-L?HNC=? %;FF
     

    "MKMPCQSJR?BMB?KCLMPK?QQ?​KSQASJ?PRMR?J ?QKSJFCPCQLŽMQŽMA?N?XCQBCNPMBSXGPR?LR?DMP??@QMJSR?OS?LRMMQ
    FMKCLQ NPGLAGN?JKCLRCL?N?PRCQSNCPGMPBMAMPNM MLBCNMBCKQCPACPA?BCK?GQDP?A?QCKPCJ?ŽM?MQFMKCLQ
    $LRPCR?LRM OS?LBM?DMP?CVNPCQQ?CKPCJ?ŽM?MR?K?LFMMSK?QQ?BM​KžQASJM ?QBGDCPCL?QPCJ?AGML?B?QAMKM
    QCVMQŽMKGLGKGX?B?QMS?RKCQKMCJGKGL?B?Q#CD?RM CKSKCQRSBMPCACLRCOSC?T?JGMS?QA?P?ARCP”QRGA?QAMLRPŠRCGQBC
    ¤@P?Q h SQASJ?mCQ GQMJ?B?Q M@RGB?Q BC @GMNQG?Q h SQASJ?mCQ FSK?L?Q  ? RCLQŽM CQNCA”¤A? Z DMP? NPMBSXGB? NMP ŠmC?
    RP?LQTCPQ?JB?¤@P?ZLŽMDMGBCDCPCLRCCLRPCFMKCLQCKSJFCPCQHMTCLQ
    -MQ MSRPMQ BMGQ ”LBGACQ BC DSLŽM ​KSQASJ?P  NMR‘LAG? C ,5+<9(5*,  ? NCQOSGQ? QM@PC M GKN?ARM BM QCVM AFCEMS ?
    PCQSJR?BMQAMLRP?QR?LRCQ.SQCH? KSJFCPCQBCKMLQRP?P?KAMLQGQRCLRCKCLRC,5+<9(5*,​KSQASJ?PK?GQGKNPCQQGML?LRCBM
    OSC M MQ FMKCLQ    CLOS?LRM  BCQAPGRM OSC ECP?JKCLRC MQ FMKCLQ CVG@CK K?GMP NMR‘LAG? ​KSQASJ?P BM OSC ?Q
    KSJFCPCQ
    . BCQCKNCLFM ?CP™@GM R?K@K  GL¥SCLAG?BM NCJM E‘LCPM ,CQKM AMLRPMJ?LBM ?Q BGDCPCL?Q B? K?QQ? h SQASJ?P
    K?EP?  M AMLQSKM KŠVGKM BC MVGE‘LGM 5. KŠV  BC KSJFCPCQ   ?  KCLMP BM OSC M BC FMKCLQ "MKM MQ ​
    KžQASJMQ CQOSCJRGAMQ BC KSJFCPCQ R‘K M KCQKM EP?S BC A?NGJ?PGX?ŽM BM OSC MQ BC FMKCLQ  @CK AMKM AMLRCž​BM
    KGRMAMLBPG?J C ?RGTGB?BC BC CLXGK?Q ?CP™@G?Q QCKCJF?LRCQ    M BCAPQAGKM BM 5. KŠV M@QCPT?BM CK KSJFCPCQ
    NMQQGTCJKCLRCCQRŠPCJ?AGML?BMAMK?A?N?AGB?BCPCBSXGB?BCDMPLCAGKCLRMBCMVGE‘LGM?MQ​KžQASJMQCKRP?@?JFM
    #C D?RM  OS?LBM AMKN?P?B?Q AMK FMKCLQ BC R?K?LFM COSGT?JCLRC  ?Q KSJFCPCQ R‘K TMJSKC BC CHCŽM PCBSXGBM Z
    OS?LRGB?BCBCQ?LESCCHCR?BM?A?B?@?RGKCLRMA?PB”?​AMZC ?QQGK MB@GRMA?PB”?​AMPCBSXGBM MSOS?LRGB?BCBCQ?LESC
    @MK@C?BMNMPKGLSRM .TMJSKCQ?LES”​LCMKCLMPCKKSJFCPCQAMLRPG@SGN?P?CQQ?QBGKGLSGCQL?DSLŽMA?PB”?​
    A? BSP?LRC M CVCPA”AGM BC ,5+<9(5*, BC ?JR? GLRCLQGB?BC JK BGQQM  M FCK?R™APGRM  MS ? NMPACLR?ECK BM Q?LESC RMR?J
    AMKNMQR?NMPFCKŠAG?Q KCLMPCKKSJFCPCQBMOSCCKFMKCLQ=,9:<: #CQQCKMBM ?QKSJFCPCQR‘KKCLMQ
    FCKMEJM@GL?CA?N?AGB?BCBCA?PPCE?PMVGE‘LGM(QQM NMPQS?TCX APCBGR?BMQAMLACLRP?CQK?GQ@?GV?QBMFMPKšLGM
    D5CD?CD5B?>1 TGQR?Q CK KSJFCPCQ  RCQRMQRCPML?  LMPK?JKCLRC AF?K?B? BC CQRCPMGBC QCVS?J K?QASJG​LM  RCK CDCGRMQ
    ?L?@™JGAMQ C CQRGKSJ? M ?N?PCAGKCLRM B?Q A?P?ARCP”QRGA?Q QCVS?GQ QCASLBŠPG?Q K?QASJGL?Q ?LBPME‘LGA?Q  "?N”RSJM  
    $LRPCR?LRM CJ?R?K@KCQRGKSJ??NPMBSŽMBMFMPKšLGMCPGRPMNMCRGL? OSCNPMKMTC?DMPK?ŽMBCFCKŠAG?QL?KCBSJ?
    ™QQC?
    Q BGDCPCL?Q GL?R?Q PCJ?AGML?B?Q AMK M QCVM  BCQAPGR?Q ?LRCPGMPKCLRC  QC RP?BSXCK BGPCR?KCLRC CK BGQN?PGB?BCQ LM
    BCQCKNCLFM BC ,5+<9(5*, CLRPC FMKCLQ C KSJFCPCQ -M RCKNM ?R ? CV?SQRŽM BSP?LRC SK CVCPA”AGM BC GLRCLQGB?BC
    QS@KŠVGK? @CKAMKMLMRCKNMN?P?AMKNJCR?PSK?K?P?RML? ?QKSJFCPCQNMBCKQMDPCPSK?NCOSCL?BCQT?LR?ECK
    BC NMP CVCKNJM    ?R SK? EP?LBC BCQT?LR?ECK  AMKM ACPA? BC   ,CQKM CLRPC ?RJCR?Q BC CJGRC  ?JR?KCLRC
    RPCGL?BMQ MQRCKNMQBCBCQCKNCLFMBCKSJFCPCQLŽMQŽMRŽMGKNPCQQGML?LRCQOS?LRMMQBCQCSQCOSGT?JCLRCQK?QASJG​LMQ
    AMKMKMQRP?BML?%GESP?

    86DA0   ><?0A0sr> 4=CA4 >B <4;7>A4B C4<?>B 34 2>AA830 34 <0A0C>=0 2><?;4C030B ?>A 0C;4C0B
    0<4A820=>B 7><4=B 4 <D;74A4B 0 2030 0=> 4=CA4  4

     *I>CV=;>; >? -;N? //


     ,+?CFF '/  G?LC=;H
    QIG?HCHNB?G;L;NBIH 0JILNM*?> X 

    52AE2w‚6D2@EC6:?2>6?E@566I6C4{4:@D
    NCQ?PB?NPCQCL?BCBGDCPCL?Q¤QGMJ™EGA?QC?L?RšKGA?QGLCPCLRCQCLRPCFMKCLQCKSJFCPCQ ?A?N?AGB?BCBC?B?NR?ŽM
    ?MRPCGL?KCLRMBCCVCPA”AGMQLŽMN?PCACQCPGL¥SCLAG?B?LMR?TCJKCLRCNCJMQCVM.SQCH? OS?LBM?NPCQCLR?BMQ?MKCQKM
    CQR”KSJMBCCVCPA”AGMCKPCJ?ŽMGLRCLQGB?BC DPC​OS‘LAG?CBSP?ŽM FMKCLQCKSJFCPCQQMDPCKKCJFMP?QQCKCJF?LRCQL?
    A?N?AGB?BCDSLAGML?J(QQMTCPB?BCR?LRMN?P?MRPCGL?KCLRMBCPCQGQR‘LAG?NCV F?JRCPM¤JGQKM RPCGL?KCLRMBCNCQM
    OS?LRMN?P?MRPCGL?KCLRMBC,5+<9(5*,

    '$26$_g(5$164(,0$/(061'(4(5,56a0&,$(//7.+(4(5
    $K@MP??QKSJFCPCQRCLF?KQGBMCLAMP?H?B?Q?PC?​JG​X?PRPCGL?KCLRMBCPCQGQR‘LAG??NCL?QLMQžJRGKMQ??LMQ DMG
    KMQRP?BM AGCLRG¤A?KCLRC OSC CJ?Q QŽM A?N?XCQ BC CVNCPGKCLR?P E?LFMQ BC DMP? GES?GQ ?MQ M@QCPT?BMQ CLRPC FMKCLQ
    RPCGL?BMQ B? KCQK? K?LCGP? NCQ?P BM D?RM BC OSC MQ L”TCGQ GLGAG?GQ BC DMP? QCH?K KCLMPCQ CLRPC ?Q KSJFCPCQ  ?Q
    KCJFMP?QPCJ?RGT?QL?NPMBSŽMBCDMP?​KSQASJ?PLŽMBGDCPCKB?QBCRCAR?B?QCKFMKCLQ GQRM K?GQBMOSCBM@P?CK
    ?JESLQ​KžQASJMQ  AMKN?LF?LBMCQQCQE?LFMQBCDMP?CQRŽM?QPCQNMQR?QFGNCPRP™¤A?QCKL”TCJh SQASJ?PRMR?JCL?Q
    ¤@P?Qh SQASJ?mCQOSC BCLMTM LŽMQŽMCQNCA”¤A?QBMQCVM"MKM?QKSJFCPCQ?NPCQCLR?KMQKCQKMQ?SKCLRMQPCJ?RGTMQ
    L?DMP?CLMR?K?LFM​KSQASJ?POSCMQFMKCLQ ?NPCQAPGŽMBCNPMEP?K?QBCRPCGL?KCLRMBCPCQGQR‘LAG?LŽMBGDCPCLAG?
    CLRPC FMKCLQ C KSJFCPCQ C ?Q KCQK?Q PCAMKCLB?CQ LM BCQCLFM BC PCEGKCQ BC RPCGL?KCLRM AMK NCQMQ NMBCK QCP
    ?NJGA?B?Q??K@MQMQQCVMQ

    '$26$_g(5$164(,0$/(061$(4e%,1(//7.+(4(5
    QQGKAMKMLMRPCGL?KCLRMBCPCQGQR‘LAG? LŽMN?PCACF?TCP?B?NR?CQCQNCA”¤A?Q?MQCVMLMRPCGL?KCLRMBC,5+<9(5*,
    0S?LBM RPCGL?BMQ ?BCOS?B?KCLRC C BC KMBM QCKCJF?LRC  R?LRM FMKCLQ OS?LRM KSJFCPCQ NMBCK CQNCP?P KCJFMP? BC
    ACPA? BC  L? A?N?AGB?BC A?PBGMT?QASJ?P 0 ,  5. KŠV  $K ?K@MQ MQ QCVMQ  CQQ?Q KCJFMP?Q MAMPPCK NMP A?SQ? BC
    ?SKCLRMQ BM TMJSKC BC CHCŽM  B@GRM A?PB”?​AM C CVRP?ŽM BC MVGE‘LGM 0 ,  BGDCPCL? ?PRCPGMTCLMQ? BC MVGE‘LGM :BGD ?
    T.<  DMPLCAGBM ?M ​KžQASJM #C GLRCPCQQC  CLRPCR?LRM   M D?RM BC OSC ?Q KSJFCPCQ  CK OS?JOSCP CQDMPM NPMJMLE?BM C
    QS@KŠVGKM  BCNCLBCK K?GQ BMQ JGN”BGMQ AMKM QS@QRP?RM CLCPERGAM BM OSC MQ FMKCLQ  OSC ?NPCQCLR?K SK? K?GMP
    SRGJGX?ŽM BC A?P@MGBP?RMQ AMKM QS@QRP?RM CLCPERGAM (QQM MAMPPC CK FMKCLQ C KSJFCPCQ QCBCLRŠPGMQ C RPCGL?BMQ
    %GL?JKCLRC  AMKM FMKCLQ C KSJFCPCQ CVNCPGKCLR?K ?B?NR?CQ PCJ?RGT?Q QCKCJF?LRCQ ?M RPCGL?KCLRM BC ,5+<9(5*,  ?Q
    BGPCRPGXCQN?P?NPCQAPGŽMBCCVCPA”AGMQN?P??NRGBŽMA?PBGMT?QASJ?PQŽM?NJGAŠTCGQ??K@MQMQQCVMQ

    76:E@5@4:4=@>6?DECF2=?@56D6>A6?9@5@6I6C4{4:@
    #CTGBMQT?PG?CQ¤QGMJ™EGA?QOSCMAMPPCK?MJMLEMBMAGAJMKCLQRPS?JLMPK?JBCBG?Q DMGAMLQGBCP?BMNMP?JESK
    RCKNM OSC M BCQCKNCLFM ?RJRGAM R?K@K T?PG?PG? BC ?AMPBM AMK CQQ?Q KSB?L?Q 4K? OS?LRGB?BC AMLQGBCPŠTCJ BC
    NCQOSGQ?QDMGBCBGA?B??BCRCPKGL?PQC?QD?QCQBMAGAJMKCLQRPS?J?D?QCDMJGASJ?PBMAGAJM?N™Q?MTSJ?ŽMMS?D?QCJžRC?
    GLGAG?J BM AGAJM  ?DCR?K M BCQCKNCLFM ?RJRGAM CK KSJFCPCQ $K ECP?J  ?Q NCQOSGQ?Q K?GQ PGEMPMQ?KCLRC AMLRPMJ?B?Q
    GLBGA?KOSCMBCQCKNCLFMD”QGAMGLBCNCLBCLRCBMAGAJMKCLQRPS?JCOSCLŽMFŠLCACQQGB?BCBC?HSQR?P?Q?ECLB?QBC
    RPCGL?KCLRMMSMQCTCLRMQAMKNCRGRGTMQN?P?QC?B?NR?PCK?MCQRŠEGMBMAGAJMKCLQRPS?J/MPCVCKNJM DMGTGQRMOSCLCK?
    DMP? ​KSQASJ?P LCK M ,5+<9(5*, ​KSQASJ?P T?PG?K BSP?LRC M AGAJM KCLQRPS?J C LŽM DMG CQR?@CJCAGB? LCLFSK? AMPPCJ?ŽM
    CLRPC ? DSLŽM ​KSQASJ?P C ?Q AMLACLRP?CQ AGPASJ?LRCQ BC @B?75CD5B?>1  M FMPKšLGM QCVS?J DCKGLGLM NPMBSXGBM NCJMQ
    MTŠPGMQ OSC CQRGKSJ? ? D?QC JžRC? BM AGAJM KCLQRPS?J  C M 5CDB?7m>9?  FMPKšLGMQ MT?PG?LMQ DCKGLGLMQ 2ŽM CQQCQ BMGQ
    FMPKšLGMQCQRCPMGBCQQCVS?GQDCKGLGLMQOSC?NPCQCLR?K¥SRS?CQ?ACLoS?B?QL?QD?QCQBMAGAJMKCLQRPS?J
    4K?NCQOSGQ?R?K@KAML¤PKMSOSCM5.KŠVR?K@KNCPK?LCACAMLQR?LRC?MJMLEMBMAGAJMKCLQRPS?J$K@MP?
    ? A?NR?ŽM KŠVGK? BC MVGE‘LGM M@RGB? BSP?LRC SK? QCQQŽM BC RCQRC BC ?JR? GLRCLQGB?BC PCJ?RGT?KCLRC ASPR?  ?  KGL
    PCQGQR? Q ¥SRS?CQ BMQ CQRCPMGBCQ QCVS?GQ DCKGLGLMQ  CVGQRC ?JESK? NPCMASN?ŽM BC OSC CVCPA”AGMQ BC ,5+<9(5*, BC
    GLRCLQGB?BCKMBCP?B?NPMJMLE?BMQNMQQ?KCQR?PQSHCGRMQ?T?PG?CQBSP?LRCMAGAJMKCLQRPS?J RCKNCP?RSP?AMPNMP?JBC
    PCNMSQM  ?SKCLR?B? CK ACPA? BC  j" BSP?LRC ? D?QC JžRC? 3?K@K  BSP?LRC ? D?QC JžRC?  M CVCPA”AGM BC ,5+<9​(5*,
    PCQSJR?CKSK?SKCLRMNPMNMPAGML?JBCRCKNCP?RSP?C ?QQGK CKSK?RCKNCP?RSP?K?GMPBMOSCCKMSRPMQKMKCLRMQ
    BMAGAJM"MKMPCQSJR?BM MNPMACQQMBCRCPKMPPCESJ?ŽM OSCGLAJSGMQSMP ?NCPB?BCTMJSKCNJ?QKŠRGAMBMQ?LESCC
    SK ¥SVM K?GMP BC Q?LESC N?P? ? NCJC  ?NPCQCLR? SK BCQ?¤M A?PBGMT?QASJ?P K?GQ CJCT?BM BSP?LRC ? D?QC JžRC? "MKM
    PCQSJR?BMB?NCPB?CV?ECP?B?BCTMJSKCNJ?QKŠRGAM MQGQRCK?AGPASJ?R™PGMD?XK?GQCQDMPMN?P?Q?RGQD?XCP?QBCK?LB?QBC
    ¥SVMQ?LES” h žQASJMQCKRP?@?JFM(QQMN?P​RGASJ?P​KCLRCCTGBCLRCOS?LBMMCVCPA”AGMBC,5+<9(5*,NPMJMLE?BM
    i CMBMQ
    PC?​JG​X?BMCKAMLBGCQBCQD?TMPŠTCGQ0, OSCLRCQCžKGB?Q $LRPCR?LRM ?GLB?LCACQQŠPGMAML¤PK?PQCMBCQCKNCLFM
    BC,5+<9(5*, BCD?RM AMKNPMKCRGBMBSP?LRC?D?QCJžRC?!MVC 

    !&  -, 


    1+475-6;<:=)4--@-:+h+17
    ,SGRMQ?RJCR?QBMQCVMDCKGLGLMCQCSQRPCGL?BMPCQQCNPCMASN?KAMKMGKN?ARMOSCMAGAJMKCLQRPS?JNMQQ?RCPLM
    BCQCKNCLFM BM CVCPA”AGM $K N?P​RGASJ?P  CJCQ QC NCPESLR?K QC ?Q ¥SRS?CQ FMPKML?GQ OSC MAMPPCK BSP?LRC ?Q
    BGDCPCLRCQ D?QCQ BM AGAJM A?SQ?K T?PG?CQ QCKCJF?LRCQ LM BCQCKNCLFM ?RJRGAM BC KSJFCPCQ $QQ? N?PCAC QCP SK?
    NPCMASN?ŽMP?XMŠ​TCJ HŠOSCMQCQRCPMGBCQQCVS?GQDCKGLGLMQ CQRPME‘LGMCNPMECQRCPML? GL¥SCLAG?KSK?QPGCBC
    T?​PGŠ​TCGQ ¤QGMJ™EGA?Q OSC GLAJSCK ? SRGJGX?ŽM BC QS@QRP?RM C ? RCKNCP?RSP? AMPNMP?J $LRPCR?LRM  CK@MP? F?H?
    FGQR™PG?Q ?LCB™RGA?Q BC ?RJCR?Q DCKGLGL?Q ASHMQ BCQCKNCLFMQ DMP?K ?JRCP?BMQ NCJ?Q BGDCPCLRCQ D?QCQ BM AGAJM
    KCLQRPS?J ?QCTGB‘LAG?QAGCLR”¤A?QLŽM?NMG?KCQQCQPCJ?RMQ.AMLQCLQMCLRPCNCQOSGQ?BMPCQBMCVCPA”AGMOSCM
    BCQCKNCLFM ?CP™@GM C ?L?CP™@GM C ? DMP? ​KSQASJ?P LŽM T?PG?K AMLQGQRCLRCKCLRC MS QGELG¤A?RGT?KCLRC LMQ
    BGDCPCLRCQ CQRŠEGMQ BM AGAJM KCLQRPS?J $LRŽM  RPCGL?BMPCQ C ?RJCR?Q LŽM BCTCK ¤A?P NPCMASN?BMQ QC SK CTCLRM
    ?RJRGAM RGTCP BC QCP PC?​JG​X?BM BSP?LRC SK? D?QC CQNCA”¤A? BM AGAJM KCLQRPS?J BC SK? ?RJCR?  QC QCS BCQCKNCLFM
    QMDPCPŠMS?SKCLR?PŠvAJ?PMOSCQC?KCLQRPS?ŽM MS?D?QCBCNCPB?BCQ?LESCBMAGAJM DMP?AMKN?LF?B?NMPBMP
    CA™JGA?Q MBCQCKNCLFMNMBCPŠQCP?DCR?BM

    +C{2​56522E=6E276>:?:?2
    $K@MP? ? K?GMP N?PRC B?Q GLTCQRGE?CQ RCLF? AMLAJS”​BM OSC M AGAJM KCLQRPS?J LŽM ?JRCP? M BCQCKNCLFM BC CVCPA”AGMQ
    EP?LBCQTMJSKCQBCRPCGL?KCLRMBC,5+<9(5*,NMBCK BCD?RM ?DCR?PMAGAJMKCLQRPS?J"MKMKMQRP?BML?%GESP?
    N?PCAC F?TCP SK? PCJ?ŽM CLRPC M LžKCPM BC OSGJšKCRPMQ AMPPGBMQ C ? GLAGB‘LAG? BC 1=5>?BB591  MS ? GLRCPPSNŽM BMQ
    NCP”M​BMQBCKCLQRPS?ŽM CK?RJCR?QDCKGLGL?QBC,5+<9(5*,

    86DA0   (4;0sr> 4=CA4 @D8;|<4CA>B 2>AA83>B ?>A B4<0=0 4 8=283u=280 34 0<4=>AA480 4< <D;74A4B
    *I>CV=;>;>?LIIEM$
    #;B?S1!
    ;F>QCH(* "R?L=CM?-BSMCIFIAS%OG;HCI?H?LA?NC=M;H>&NMJJFC=;NCIHM

    NB?> IMNIH
    **=$L;Q%CFF
     

    .D?RMPK?GQAP”RGAMN?P?MGL”AGMB??KCLMPPCG?SK?BGQNMLG@GJGB?BCGLQS¤AGCLRCBCCLCPEG?ZA?JMPG?QZ?A?PPCR?B?
    NCJME?QRMCVACQQGTMBCCLCPEG? AMLQSKMGL?BCOS?BMNCJ?GLECQRŽM?JGKCLR?PMSSK?AMK@GL?ŽMBCQQCQBMGQD?RMPCQ$QQ?
    NCPRSP@?ŽML?DSLŽMKCLQRPS?JSKBMQQGLRMK?QBCSK?AMLBGŽMAF?K?B?DBo1​45411D<5D165=9>9>1 OSC?NPCQCLR?
    SK?QPGCBCAMLBGCQAJ”LGA?QCKKSGR?QKSJFCPCQHMTCLQ ?KCLMPPCG??QQMAG?B??MCVCPA”AGMBCQSNMPRCBCNCQM AMKM
    AMPPGB?C@?J CMSGLECQRŽMGL?BCOS?B?BCCLCPEG?PCQSJR?KCKSK?BGKGLSGŽML?NPMBSŽMBCFMPKšLGMJSRCGLGX?LRCC
    BMFMPKšLGMDMJGASJMCQRGKSJ?LRC$QQCQFMPKšLGMQQŽMCQQCLAG?GQN?P??K?LSRCLŽMB?DSLŽMKCLQRPS?JLMPK?JC BCQQC
    KMBM  ? NPMBSŽM BC CQRPME‘LGM NCJMQ MTŠPGMQ #SP?LRC ? ?KCLMPPCG? M CQRPME‘LGM  BC¤AGCLRC  M OSC JCT? ? SK?
    BGKGLSGŽM L? BCLQGB?BC ™QQC? C  QC DMP EP?TC M @?QR?LRC   ?CD5?​@?B?C5  SK? AMLBGŽM ?QQMAG?B? LMPK?JKCLRC Q
    KSJFCPCQ?N™Q?KCLMN?SQ?4K?AMLQC​OS‘LAG?B?BGKGLSGŽMB?BCLQGB?BC™QQC? OSCMAMPPCCKSK?R?V?BC??M
    ?LM   ? GLAGB‘LAG? ?SKCLR?B? BC DP?RSP?Q ​™QQC?Q  AMKM DMG BCRCAR?BM CK TŠPG?Q ?RJCR?Q $QQ? GLRCP PCJ?ŽM CLRPC
    BGQNMLG@GJGB?BC BC CLCPEG? GLQS¤AGCLRC  ?KCLMPPCG? C BGKGLSGŽM B? BCLQGB?BC ™QQC? CK ?RJCR?Q BM QCVM DCKGLGLM  N?P
    *
    RGASJ?P​KCLRC?QOSCNP?RGA?KCQNMPRCQOSCCLD?RGX?K?K?EPCX? CQRŠBCQAPGR?L?%GESP?
    #C ?AMPBM AMK M NMQGAGML?KCLRM M¤AG?J QM@PC ? RP”? _ C B? ?RJCR? DCKGLGL? NS@JGA?B? PCACLRCKCLRC NCJM KCPGA?L
    "MJJCECMD2NMPRQ,CBGAGLC "2, MRP?R?KCLRMNPGLAGN?JN?P??AMLBGŽMCLTMJTCM?SKCLRMB?GLECQRŽMCMSPCBSŽM
    BM TMJSKC BC RPCGL?KCLRM BC K?LCGP? OSC ? BGQNMLG@GJGB?BC BC CLCPEG? QC RMPLC QS¤AGCLRC N?P? NCPKGRGP ? DSLŽM
    KCLQRPS?JLMPK?JC?Q”LRCQCBCCQRCPMGBCQQCVS?GQDCKGLGLMQ

    C2G:56K66I6C4{4:@D
    -ŽMFŠKSGRMQ?LMQ ?QKSJFCPCQCP?KBCQCLAMP?H?B?QBCQCCVCPAGR?PBCTGBMNPCMASN?ŽMBCOSCGQQMNSBCQQCPCBSXGPMQ
    PGQAMQ BC CLEP?TGB?P OS?LBM DMQQC BCQCH?BM  NPCHSBGA?P M APCQAGKCLRM LMPK?J BM DCRM BSP?LRC ? EP?TGBCX MS ?SKCLR?P M
    PGQAM BC RCP BG¤ASJB?BCQ BSP?LRC M N?PRM /MPK  LMQ žJRGKMQ  ?  ?LMQ  ?Q ?RGRSBCQ KSB?P?K BP?K?RGA?KCLRC C NMP
    SK? @M? P?XŽM 4K? NCQOSGQ? KMQRPMS OSC KSJFCPCQ RPCGL?B?Q LŽM ?NPCQCLR?K K?GQ NPM@JCK?Q BM OSC ?Q KSJFCPCQ
    QCBCLRŠPG?QN?P?CLEP?TGB?P JKBGQQM MRPCGL?KCLRMD”QGAMBSP?LRC?EP?TGBCXNMBCDMPLCACPCDCGRMQ@CL¤AMQKŽCMS
    KCQKM PCBSXGP ? GLAGB‘LAG? BC KMP@GB?BCQ DCR?GQ #C D?RM  CQQ? CTGB‘LAG? D?TMPŠTCJ  RŽM AMLTGLACLRC OSC M KCPGA?L
    "MJJCEC MD .@QRCRPGAG?LQ ?LB &WLCAMJMEGQRQ PCAMKCLB? OSC  BCQBC OSC LŽM F?H? AMLRP?GLBGA?CQ KBGA?Q  ?Q KSJFCPCQ
    EPŠTGB?QPC?JGXCKKGLMSK?GQBCCVCPA”AGMBCGLRCLQGB?BCKMBCP?B?QCLŽMCKRMBMQ L?K?GMPG?BMQBG?QB?QCK?L?
    $KCQQ‘LAG? ?QKCQK?QPCAMKCLB?CQBCCVCPA”AGMQDCGR?QNCJ?BCAJ?P?ŽMAMLHSLR?BM "2,CBMQ"CLRCPQDMP#GQC?QC
    "MLRPMJ ?LB /PCTCLRGML N?P? RMBMQ MQ GL​BG​T”​BSMQ ?BSJRMQ  R?LRM FMKCLQ OS?LRM KSJFCPCQ  QŽM ?NJGAŠTCGQ ? KSJFCPCQ
    EPŠTGB?Q

    86DA0  (4;0sr> 4=CA4 0 38B?>=818;83034 34 4=4A680 >   <4=BCAD0; 4 0 B0​34 {BB40  >?HMC>;>?
    GCH?L;F •MM?; !*, Œ >?VHC>; =IGI ; KO;HNC>;>? >? GCH?L;CM ?G KO;FKO?L >;>I PIFOG? >? IMMI  /?CGJL?MM;
    =IGJ?LGCMMŠI>?+;NNCP
    )IO=EM
    *;HIL?**,$G?LC=;H IFF?A?I@0JILNM*?>C=CH?JIMCNCIHMN;H> 1B?
    @?G;F?;NBF?N?NLC;> *?>0=C0JILNM"R?L= X 

    .NPGLAGN?J@CLCD”AGMBMCVCPA”AGMBSP?LRC?EP?TGBCX?PCBSŽMBMPGQAMBC49125D5C=5<9D?75CD139?>1<#Z
    PCQGQR‘LAG?GLQSJGL?BSP?LRC?EP?TGBCXZC@Bl53<h=@C91ZCJCT?B?NPCQQŽM?PRCPG?JK?LGDCQR?B?NMP?JESK?QKSJFCPCQ
    BSP?LRC?EP?TGBCX#SP?LRC?EP?TGBCX?K?GMPG?B?QKSJFCPCQCVNCPGKCLR?PCQGQR‘LAG?GLQSJGL? MOSCRMPL?K?GQBGD”AGJ
    ?BKGLGQRP?P?BCOS?B?KCLRCMQL”TCGQBCEJGAMQCQ?LES”​LC?$K?JESK?QKSJFCPCQ CQQ??SKCLR?B?PCQGQR‘LAG??MCDCGRMB?
    GLQSJGL?QCRMPL?EP?TCM@?QR?LRCN?P?JCT?P?MGL”AGMB?#,& RB?QKSJFCPCQEPŠTGB?QLMQ$4 QMDPCKBC#,&
    OSCNMBCJCT?P?NPCMASN?CQQM@PC?Q?ž​BCB?KŽCGLDCACQ CVACQQMBCE?LFMBCNCQMCFCKMPP?EG?N™Q N?PRM CB?
    APG?L?GARCP”AG? RP?SK?LML?QAGKCLRMC?žA?PQ?LES”​LCM@?GVM 5ŠPGMQCQRSBMQKMQRP?P?KOSCMCVCPA”AGMKMBCP?BM
    ?LRCQ CMS BSP?LRC ? EP?TGBCX PCBSX QGELG¤A?RGT?KCLRC MQ PGQAMQ BC #,&Z 4K CQRSBM OSC CLTMJTCS OS?QC 
    KSJFCPCQEPŠTGB?QPCTCJMSOSC?QOSCCP?KKGLGK?KCLRC?RGT?Q?LRCQB?EP?TGBCXRGTCP?KPGQAMBC#,&BGKGLS”​BMCK
      CLOS?LRM ?Q OSC QC CVCPAGR?P?K CK GLRCLQGB?BC KMBCP?B? NMP NCJM KCLMQ OS?RPM FMP?Q NMP QCK?L? ?LRCQ B?
    EP?TGBCXBCKMLQRP?P?KBGKGLSGŽMBCB?GLAGB‘LAG?BC#,&
    NP CAJ‹KNQG?MSRP?AMLBGŽMAMKSKOSC?¥GEC?QKSJFCPCQEPŠTGB?Q R?K@KGBCLRG¤A?B?CKACPA?BCBCQQ?
    NMNSJ?ŽM $J?  SK BGQRžP@GM FGNCPRCLQGTM ?QQMAG?B? ? GLQS¤AG‘L^G? FCNŠRGA?  GLQS¤AG‘LAd? PCL?J  AMŠEpJMQ Q?LES”L` MQ C
    FCKMPP?EG? ACPC@P?J L?Q KŽCQ "MKM PCQSJR?BM  ? NP CAJ‹KNQG? AMLRPG@SG N?P?  BC RMB?Q ?Q KMPRCQ K?RCPL?Q LMQ
    $4 4K?NCQOSGQ?KMQRPMSOSCMCVCPA”AGMSK?DCPP?KCLR?C¤AGCLRCL??BKGLGQRP?ŽMBCQQ?AMLBGŽMNMRCLAG?JKCLRC
    JCR?J#CNCLBCLBMB?OS?LRGB?BCBCCLCPEG?E?QR?BSP?LRC??RGTGB?BCD”QGA?BGŠ​PG?L?QNPGKCGP?QQCK?L?QBCECQR?ŽM ?Q
    KSJFCPCQNMBCKCQNCP?PBGKGLSGŽMBC?LMPGQAMBCBCQCLTMJTCPNP CAJ‹KNQG?  QKSJFCPCQOSCNP?RGA?K
    ?RGTGB?BCQD”QGA?QPCESJ?PKCLRCLM?LM?LRCPGMPEP?TGBCX?NPCQCLR?K@CLCD”AGMQNPMRCRMPCQQCKCJF?LRCQ
    JKBMCDCGRMBMCVCPA”AGM?LRCQMSBSP?LRC?EP?TGBCXL?Q?ž​BCB?KŽC CVGQRC?OSCQRŽMBMCDCGRMBMCVCPA”AGMK?RCPLM
    LMQ NPMEL™QRGAMQ DCR?GQ "MKSKCLRC CQQCQ PCQSJR?BMQ QŽM BCQAPGRMQ CK RCPKMQ BC NCQM ?M L?QACP  RCKNM BC N?PRM C LM
    KMBM BM N?PRM $K PCJ?ŽM ?M NCQM BM @C@‘ LM L?QAGKCLRM  DMG CQR?@CJCAGBM OSC KSJFCPCQ OSC PC?​JG​X?T?K CVCPA”AGM BC
    ,5+<9(5*,TGEMPMQMBSP?LRCMQBMGQNPGKCGPMQRPGKCQRPCQBCEP?TGBCXRGLF?KAPG?L?QOSC?NPCQCLR?T?KNCQMQQCKCJF?LRCQ
    ?MQ BC APG?L?Q L?QAGB?Q BC KŽCQ QCBCLRŠPG?Q $LRPCR?LRM  CVGQRC CTGB‘LAG? BC OSC KSJFCPCQ OSC AML​RG​LS?K ? PC?​JG​X?P
    CVCPA”AGMQ TGEMPMQMQ LM RCPACGPM RPGKCQRPC BC EP?TGBCX BŽM  JSX APG?L?Q AMK NCQMQ  ?  E KCLMPCQ BM OSC MQ BC
    APG?L?QL?QAGB?QBCKŽCQQCBCLRŠPG?Q GLECQRŽMA?J™PGA?BCQQ?QKŽCQOSCQCCVCPAGR?P?KTGEMPMQ?KCLRCBSP?LRCRMB??
    EP?TGBCXLŽMDMGKCBGB?%MGQSECPGBMOSCM?SKCLRMB?GLECQRŽMBGCRRGA? GQRM A?JMPG?Q NMBCAMPPGEGPMQ@?GVMQNCQMQ
    B?QAPG?L?QASH?QKŽCQQCCVCPAGR?P?KTGEMPMQ?KCLRC
    .SRPM NPMEL™QRGAM DCR?J GKNMPR?LRC CQRŠ PCJ?AGML?BM AMK M OSŽM ?BG?LR?B? CQRŠ ? EP?TGBCX B?Q KSJFCPCQ OSC QC
    CVCPAGR?KOS?LBMQCSQ¤JFMQL?QACK$QRSBMQAGCLR”¤AMQKMQRP?P?KOSCLŽMFŠBGDCPCL?LMPGQAMBCN?PRMNP RCPKM MS
    ?GB?BCECQR?AGML?JCKOSCMQ@C@‘QL?QACK MSKCQKMPCBSŽML?GLAGB‘LAG?BCN?PRMQNPCK?RSPMQCLRPCKSJFCPCQOSC
    AML​RG​LS?K?QCCVCPAGR?PBSP?LRCRMBMMQCESLBMRPGKCQRPCBCEP?TGBCX  
    %GL?JKCLRC  M KMBM BM N?PRM  T?EGL?J MS ACQ?PG?LM  CK KSJFCPCQ GL?RGT?Q AMKN?P?B?Q AMK ?Q OSC N?PRGAGN?P?K BC
    ?RGTGB?BC TGEMPMQ? BSP?LRC ? ECQR?ŽM  MSRPM NPMEL™QRGAM DCR?J GLRCPCQQ?LRC  KCJFMP GLDMPK?ŽM BGQNML”TCJ ?R FMHC
    GLBGA?OSCFŠBGKGLSGŽMLMLžKCPMBCN?PRMQACQ?PG?LMQCLRPCKSJFCPCQOSCN?PRGAGN?KBC?RGTGB?BCTGEMPMQ?BSP?LRC?
    ECQR?ŽM!MVC 

    ,4&  ;


    1)*-<-;/-;<)+176)4--@-:+h+17
    "9C181C1>*125B)3)#
    ::6*0(;,96-,::69
    0=0:0656-06:;(;0:;0*:(5+70+,40636.@
    ,7(9;4,5;6-<)30*,(3;/
    "50=,9:0;@6-(::(*/<:,;;:
    4),9:;

    .BG?@CRCQKCJGRMECQR?AGML?J#,& MGL”AGMMSMNPGKCGPMPCAMLFCAGKCLRMBCBG?@CRCQBSP?LRC?EP?TGBCX Q
    KSJFCPCQBG?ELMQRGA?B?QAMK#,&AMPPCKPGQAMQS@QR?LAG?JKCLRC?SKCLR?BMBCBCQCLTMJTCPMBG?@CRCQRGNMC
    M@CQGB?BC  ?RS?JKCLRC CK R?V?Q CNGB‘KGA?Q LMQ $4  2CSQ ¤JFMQ CQRŽM CK PGQAM ?SKCLR?BM BC NPMEL™QRGAMQ
    NCPGL?R?GQ ?BTCPQMQ  GLAJSGLBM M N?PRM BC L?RGKMPRMQ  K?APMQQMKG? C  ? JMLEM NP?XM  M@CQGB?BC C GLRMJCP‹LAG? 
    EJGAMQC

    D1>/h/5;1<>1B1:ed;01 
    . KCPGA?L "MJJCEC MD .@QRCRPGAG?LQ ?LB &WLCAMJMEGQRQ PCAMKCLB? OSC ?Q KSJFCPCQ EPŠTGB?Q QCK AMKNJGA?CQ
    KBGA?Q MS M@QRRPGA?Q PC?JGXCK  KGL BC ?RGTGB?BC D”QGA? BC GLRCLQGB?BC KMBCP?B? N CV  A?KGLF?B?  BSP?LRC ?
    K?GMPG? BMQ BG?Q B? QCK?L? #C ?AMPBM AMK CQRSBMQ CNGBCKGMJ™EGAMQ M@QCPT?AGML?GQ  KSJFCPCQ OSC BCAJ?P?K QC
    CVCPAGR?P ?LRCQ B? EP?TGBCX R‘K PGQAM PCBSXGBM BC #,& .Q CQRSBMQ OSC CV?KGL?P?K ?Q KSJFCPCQ OSC QC
    CVCPAGR?P?KBSP?LRC?EP?TGBCXQŽMKCLMQAMLQGQRCLRCQ C?JESLQM@QCPT?KCDCGRMQNPMRCRMPCQQGELG¤A?RGTMQCMSRPMQ
    ?NMG?KCQQ?RCLB‘LAG? K?QLŽMBCK?LCGP?QGELG¤A?RGT?
    $K@MP? CQN?PQMQ  CQRSBMQ GLRCPTCLAGMLGQR?Q ?RS?GQ DMP?K BCQCLF?BMQ N?P? GLTCQRGE?P M GKN?ARM BM CVCPA”AGM LM
    #,& CLRPC KSJFCPCQ AMK ?JRM PGQAM BCQRC BGQRžP@GM /MP CVCKNJM  M !CF?TGMP DDCARGLE !?@W ?LB 8MS ! !8
    2RSBWSKCQRSBMGLRCPTCLAGMLGQR?PC?​JG​X?BMCK,?QQ?AFSQCRRQBCQCLF?BMN?P?GLTCQRGE?PMQCDCGRMQBCCVCPA”AGMQ
    ?B?NR?BMQ GL​BG​TG​BS?JKCLRC  CQAMJFGBMQ NMP KMRGT?ŽM  QM@PC M PGQAM BC #,& . %GR%MP 2RSBW  SK CQRSBM
    GLRCPTCLAGMLGQR? DCGRM CK KQRCPBŽ  'MJ?LB?  BCQCLF?BM N?P? TCPG¤A?P QC SK NPMEP?K? BC CVCPA”AGMQ NP L?R?GQ
    KCJFMP?PŠ?QCLQG@GJGB?BCGLQSJGL?CMQL”TCGQBCEJGAMQCNJ?QKŠRGA?LMHCHSK
    $KPCQSKM NPMEP?K?QBCNPCTCLŽMBC#,&AMKCVCPA”AGMQDSLB?KCLR?BMQCKCTGB‘LAG?AMKBGPCRPGXCQN?P?
    DPC​OS‘LAG?  GLRCLQGB?BC  BSP?ŽM C RGNM BC ?RGTGB?BC ?GLB? BCTCK QCP CQR?@CJCAGBMQ  CQRSBMQ GLRCPTCLAGMLGQR?Q @CK
    AMLRPMJ?BMQ ?RS?GQ C DSRSPMQ LCQQ? ​ŠPC? GLDMPK?PŽM NPMEP?K?Q BCQCLF?BMQ N?P? CTGR?P ? GLAGB‘LAG? BC #,& CK
    KSJFCPCQAMKPGQAMBCQQCBGQRžP@GM

    D1>/h/5;1/;:@>;810- 
    $K ?1CTGQŽM"MAFP?LC?L?JGQMSCLQ?GMQBCRP?R?KCLRMQP?LBMKGX?BMQAMLRPMJ?BMQCLRPCKSJFCPCQEPŠTGB?Q
    BG?ELMQRGA?B?Q AMK #,& AMKN?P?LBM OS?JOSCP NPMEP?K? BC CVCPA”AGM ? LCLFSK NPMEP?K? BC CVCPA”AGM
    CQNCA”¤AM0S?RPMCLQ?GMQ?JA?L?P?KMQAPGRPGMQBCCJCEG@GJGB?BC-CQQCQCQRSBMQ ?QKSJFCPCQDMP?KPCAPSR?B?Q
    BSP?LRC M RCPACGPM RPGKCQRPC C ? GLRCPTCLŽM AMK CVCPA”AGMQ DMG PC?​JG​X?B? NMP ?NPMVGK?B?KCLRC  QCK?L?Q .Q
    NPMEP?K?QT?PG?P?KBCCVCPA”AGMQPCESJ?PCQCKSK?@GAGAJCR?CPEMKRPGA? AGAJMCPEšKCRPMBCKCK@PMQSNCPGMPMS
    CVCPA”AGM BC PCQGQR‘LAG? BC AGPASGRM  PCTGQŽM LŽM CLAMLRPMS BGDCPCL?Q QGELG¤A?RGT?Q CLRPC MQ EPSNMQ AMLRPMJC C
    CVCPA”AGMN?P?RMBMQMQPCQSJR?BMQ?T?JG?BMQCAMLAJSGSOSCF?TG?CTGB‘LAG?GLQS¤AGCLRCN?P?PCAMKCLB?PMSCTGR?P?
    N?PRGAGN?ŽMCKNPMEP?K?QBCCVCPA”AGMQN?P?KSJFCPCQEPŠTGB?QAMK#,& 
    $LRPCR?LRM CLQ?GMQK?GQPCACLRCQCLAMLRP?P?KSKGKN?ARM@CL¤AMBC NMPCVCKNJM NPMEP?K?QBCA?KGLF?B?
    CQRPSRSP?BMQL?QAMLACLRP?CQKBG?QBCEJGAMQC QSECPGLBMSKN?NCJCDCRGTMBMCVCPA”AGMCKKSJFCPCQAMK#,&
    $KAMK@GL?ŽMAMKMSRPMQCQRSBMQBCNCOSCLMQRP?R?KCLRMQ OSCLŽMQCOS?JG¤A?P?KN?P??PCTGQŽM MQCQRSBMQBC
    GLRCPTCLŽMAMKCVCPA”AGMQ?RMKMKCLRMQSECPCKOSCMCVCPA”AGMKMBCP?BMNMBCQCPCDCRGTML?BGKGLSGŽMB?Q
    AMLACLRP?CQBCEJGAMQCK?RCPL?CKKSJFCPCQAMK#,&$KPCQSKM CLQ?GMQAJ”LGAMQAMLRPMJ?BMQ?BGAGML?GQQŽM
    LCACQQŠPGMQN?P?BCRCPKGL?P?C¤AG‘L ^G?BMQNPMEP?K?QCQRPSRSP?BMQBCCVCPA”AGMCN?P?GBCLRG¤A?PMRGNM ?BSP?ŽM
    C?GLRCLQGB?BC?NPMNPG?BMQBCR?JCVCPA”AGM

    ;:/8A?d;
    "MLDMPKC MQ CQRSBMQ BC ?AMKN?LF?KCLRM ? JMLEM NP?XM PCTCJ?K OSC SK? NPMNMPŽM QGELG¤A?RGT? B?Q KSJFCPCQ
    AMK#,&?A?@?BCQCLTMJTCLBMBG?@CRCQDMP?B?EP?TGBCX CQNCAG?JKCLRCBSP?LRC?NPGKCGP?BA?B??N™Q?ECQR?ŽM
    M #,& MDCPCAC SK? MNMPRSLGB?BC GKNMPR?LRC N?P? M BCQCLTMJTGKCLRM  M RCQRC C ? GKNJCKCLR?ŽM BC CQRP?REG?Q
    AJ”LGA?Q N?P? ? NPCTCLŽM BM BG?@CRCQ ,SJFCPCQ EPŠTGB?Q NPMASP?K ASGB?BM KBGAM K?GQ NPMLR?KCLRC C CQRŽM
    ?JR?KCLRC KMRGT?B?Q N?P? D?XCP KSB?L?Q LM CQRGJM BC TGB?  M RMPL? ? EP?TGBCX SK? MNMPRSLGB?BC AP”RGA? N?P?
    KMBG¤A?CQAMKNMPR?KCLR?GQ?ASPRMCJMLEMNP?XMQ

    %121>g:/5-?
     ".&"MKKGRRCC.@QRCRPGA/P?ARGAC ".&"MKKGRRCCMNGLGML-SK@CP )?LS?PWCVCPAGQCBSPGLE
    NPCEL?LAW?LBRFCNMQRN?PRSKNCPGMB.@QRCR&WLCAMJZ
     !P?LIQRML &-  ,GRAFCJJ !%  1W?L $  CR ?J 1CQGQR?LAC CVCPAGQC BCAPC?QCQ RFC LCCB DMP GLQSJGL GL MTCPUCGEFR
    UMKCLUGRFECQR?RGML?JBG?@CRCQKCJJGRSQ K).@QRCR&WLCAMJZ
     !SAF?L?L 3  7G?LE  *HMQ 2+  CR ?J 6F?R GQ ECQR?RGML?J BG?@CRCQ #G?@CRCQ "?PC  2SNNJ 2Z
    2
     "CWQCLQ &  1MSGJJCP #  !MSJT?GL , $VCPAGQC DMP BG?@CRGA NPCEL?LR UMKCL "MAFP?LC #?R?@?QC 2WQR 1CT
    "#.LJGLC
     "F?Q?L 3?@CP +  ,?PASQ !'  2R?LCI $  CR ?J  1?LBMKGXCB AMLRPMJJCB RPG?J MD NPCL?R?J NFWQGA?J ?ARGTGRW RM
    NPCTCLRECQR?RGML?JBG?@CRCQBCQGEL?LBKCRFMBQ)6MKCLQ'C?JRFZ
     #CKNQCW )"  !SRJCP "+  6GJJG?KQ ,  -M LCCB DMP ? NPCEL?LR N?SQC NFWQGA?J ?ARGTGRW K?W PCBSAC RFC
    MAASPPCLACMDECQR?RGML?JBG?@CRCQKCJJGRSQ?LBNPCCAJ?KNQG?$VCPA2NMPR2AG1CTZ
     *GK" -CURML*, *LMNN1'&CQR?RGML?JBG?@CRCQ?LBRFCGLAGBCLACMDRWNCBG?@CRCQ?QWQRCK?RGAPCTGCU
    #G?@CRCQ"?PCZ
     ,MRRMJ?,%3FCPMJCMDCVCPAGQCGLRFCNPCTCLRGML?LBRPC?RKCLRMDECQR?RGML?JBG?@CRCQKCJJGRSQ"SPP2NMPRQ
    ,CB1CNZ
     .MQRB?K -  T?L /MNNCJ ,-,  $CIFMDD $,6  CR ?J #CQGEL MD %GR%MP QRSBW RFC CDDCARQ MD ?L CVCPAGQC
    NPMEP?KMLGLQSJGLQCLQGRGTGRW?LBNJ?QK?EJSAMQCJCTCJQGLNPCEL?LRUMKCL?RFGEFPGQIDMPECQR?RGML?JBG?@CRCQ
    !,"/PCEL?LAW"FGJB@GPRFZ

    A80=s0B44G4A2w28>

    /MP ECP?CQ  ?Q APG?L?Q DMP?K TGQR?Q QGKNJCQKCLRC AMKM TCPQCQ CK KGLG?RSP? BMQ ?BSJRMQ EMP?  Q?@CKMQ OSC ?
    ¤QGMJMEG? BC SK? APG?L? C QS?Q PCQNMQR?Q ? SK? QPGC ?ESB? BC CVCPA”AGMQ  @CK AMKM ?Q ?B?NR?CQ ? SK PCEGKC BC
    RPCGL?KCLRM CVRCLQGTM  QŽM BGDCPCLRCQ  CK KSGR?Q ?QNCARMQ  B?Q OSC QŽM NP™NPG?Q BMQ ?BSJRMQ $QQ?Q BGDCPCL?Q BCTCK QCP
    JCT?B?Q CK AMLQGBCP?ŽM BSP?LRC ? NPCQAPGŽM BC CVCPA”AGMQ N?P? APG?L?Q JK BGQQM  ? K?LCGP? AMKM M CVCPA”AGM NMBC
    GL¥SCLAG?PMAPCQAGKCLRMCMBCQCLTMJTGKCLRML?RSP?GQBCAPG?L?QBCTCQCPAMLQGBCP?B?

    76:E@5@EC6:?2>6?E@566I6C4{4:@DD@3C6@4C6D4:>6?E@
    @B9=59B19>6h>391AMKNPCCLBCMRCKNMCLRPCML?QAGKCLRM?RMNPGKCGPM?LMBCTGB?#SP?LRCCQQCNCP”M​BM MAMPPC
    SK APCQAGKCLRM QGELG¤A?RGTM BM RPMLAM C B?Q NCPL?Q BM LCML?RM  PCQSJR?LBM CK PCJ?CQ AMPNMA?@C? OSC KGKCRGX?K
    K?GQNPMVGK?KCLRC?QBCSK?BSJRM.¤KB?NPGKCGP?GLD‹LAG?K?PA?MGL”AGMB?9>6h>391ZBMNPGKCGPM?LGTCPQŠPGM?RM
    GL”AGMB??BMJCQA‘LAG? BSP?LBM CLRŽM ?RMGL”AGMB?14?<5C3m>391ZMGL”AGMB?NS@CPB?BC?RMGL”AGMB?K?RSPGB?BC
    D”QGA?#SP?LRC?GLD‹LAG?MAMPPCSKAPCQAGKCLRMQGELG¤A?RGTM ASH?R?V?QCKCJF?LRCCKKCLGLMQCKCLGL?Q#CD?RM AMK
    ?Q CVACCQ ™@TG?Q B?Q A?P?ARCP”QRGA?Q QCVS?GQ NPGKŠPG?Q 0 ,  EšL?B?Q  NP?RGA?KCLRC LŽM CVGQRCK BGDCPCL?Q D”QGA?Q CLRPC
    KCLGLMQCKCLGL?QBSP?LRCCQQCCQRŠEGMC L?KBG? CJCQQŽMGES?GQCK?JRSP? NCQM K?QQ?​KSQASJ?PCEMPBSP?AMPNMP?J
    #C?AMPBM BSP?LRC?GLD‹LAG? KCLGLMQCKCLGL?QQŽMCLAMP?H?BMQ?@PGLA?PCKHSLRMQC KCQKM ?AMKNCRGPCLRPCQGCK
    CTCLRMQCQNMPRGTMQ

    ! 

    D>F=96C6D2AC6D6?E2>5:76C6?w2D2?EC@A@>xEC:42D6>C6=2wv@2@D9@>6?D4@>@>6?@C>2DD2​>FD4F=2C>6?@CE2>2?9@52L3C2
    >FD4F=2C68@C5FC24@CA@C2=2F>6?E252
    'F2?5@6IAC6DD26>C6=2wv@uF?:525656>2DD2​>FD4F=2CE6?Dv@6DA64{L42?v@6I:DE65:76C6?w2?27@Cw26?EC69@>6?D6
    >F=96C6D
    42A24:525626C3:2@F,% >sI56>F=96C6Dx2 >6?@C5@BF62569@>6?DBF2?5@6IAC6DD26>E6C>@DC6=2E:G@D>l
    O<8N >:?N 
    D>F=96C6DEy>?{G6:D5696>2E4C:E@>6?@C6D5@BF6@D9@>6?D@BF64@?EC:3F:A2C225:>:?F:wv@5242A24:525656EC2?DA@CE6
    56@I:8y?:@?@D6FD2?8F6
    %56D6>A6?9@566I6C4{4:@56 &# A6I>2C2E@?26>>F=96C6Dx>6?@C5@BF6@569@>6?D
    FC2?E62C62​=:​J2wv@56EC6:?2>6?E@56C6D:DEy?4:24@>2>6D>2:?E6?D:525665FC2wv@?v@6I:DE65:76C6?w2?@D82?9@DC6=2E:G@D
    567@Cw2@F?29:A6CEC@L2[ FD4F=2C6?EC69@>6?D6>F=96C6D
    #F=96C6D69@>6?D6IA6C:>6?E2>>6=9@C2DD6>6=92?E6D?22AE:5v@26C3:2,% >sIBF2?5@A2CE:4:A2>56EC6:?2>6?E@56
     &# 4@>2>6D>2:?E6?D:525665FC2wv@C6=2E:G2D
    $6>27@Cw2​>FD4F=2C?6>@ &# ​>FD4F=2CG2C:2>5FC2?E6@A6C{@​5@5@4:4=@>6?DECF2=56 5:2D6>>F=96C6D
    #F=96C6DD2F5sG6:DBF6D66I6C4:E2>5FC2?E628C2G:56J5:>:?F6>@C:D4@56E6C5:236E6D86DE24:@?2=6ACx64=t>AD:2
    %6I6C4{4:@5FC2?E6286DE2wv@E6>A@F4@676:E@?@DAC@8?DE:4@D76E2:D

    GLD‹LAG?RCPKGL?AMKMGL”AGMB?NS@CPB?BCC ?QQGK AMKMGL”AGMB??BMJCQA‘LAG?$KECP?J ?NS@CPB?BCAMKC?CK


    KCLGL?Q NMP TMJR? BMQ  ?  ?LMQ BC GB?BC  C  CK KCLGLMQ  ?NPMVGK?B?KCLRC ?MQ  ?  ?LMQ BC GB?BC #SP?LRC ?
    NS@CPB?BCMAMPPCSK?SKCLRM?ACL​RS?BML?R?V?BCAPCQAGKCLRMCQOSCJRGAM MSL??JRSP? ?JA?L?LBMQCSNGAM?MQC
    ?LMQBCGB?BCCKKCLGL?QCKCLGLMQ PCQNCARGT?KCLRC/MPTMJR?BM¤KB??BMJCQA‘LAG?ZMGL”AGMB?TGB??BSJR?Z
    KCLGLM KBGM LMQ $4  KCBC  AK BC ?JRSP? C ? KCLGL? KBG? KCBC  AK BC ?JRSP? /MP A?SQ? B?Q KSB?L?Q
    BP?KŠRGA?Q LMQ FMPKšLGMQ AGPASJ?LRCQ L? ?BMJCQA‘LAG?  M@QCPT?KMQ SK ?SKCLRM K?GQ GLRCLQM LM BCQCLTMJTGKCLRM B?
    K?QQ? ​KSQASJ?P CK FMKCLQ BM OSC CK KSJFCPCQ  BC K?LCGP? OSC  LM ¤K BCQQC NCP”M _ M  M h žQASJM CQOSCJRGAM
    AMKNPCCLBCBMNCQMAMPNMP?JRMR?JCKFMKCLQ K?Q?NCL?QBMNCQMAMPNMP?JRMR?JBCKSJFCPCQ$KAMLRP?QRC ?
    EMPBSP? AMPNMP?J  ?BGAGML?B? CK SK? R?V? K?GMP CK KSJFCPCQ BM OSC CK FMKCLQ -M NMLRM CK OSC ? TGB? ?BSJR? 
    ?JA?L?B? ?EMPBSP?AMPNMP?JAMLRPG@SGN?P?ACPA?BCBMNCQMAMPNMP?JRMR?JB?KSJFCP CLOS?LRMFMKCLQHMTCLQQŽM
    AMKNMQRMQ NMP ACPA? BC  BC EMPBSP? #CTGBM ? CQQ?Q BGDCPCL?Q L? R?V? BC APCQAGKCLRM C LM ?AžKS​JM BC K?QQ? ​
    KSQASJ?P  C B?Q BGQN?PGB?BCQ BC DMP? PCQSJR?LRCQ  MQ FMKCLQ C ?Q KSJFCPCQ ?BMJCQACLRCQ LŽM NMBCK K?GQ AMKNCRGP BC
    K?LCGP?HSQR?CKCQNMPRCQCM@QCPT?KMQ?QCN?P?ŽMCLRPCMQRGKCQBCE?PMRMQCBCE?PMR?Q.NCP”M​BMB??BMJCQA‘LAG?QC
    AMKNJCR? LMPK?JKCLRC ?MQ  ?LMQ BC GB?BC CK KSJFCPCQ C ?MQ  ?LMQ BC GB?BC CK FMKCLQ  OS?LBM QC AFCE?  TGB?
    ?BSJR?
    "MK @?QC NPGLAGN?JKCLRC CK PCJ?RMQ ?LCB™RGAMQ  ?JESK?Q NCQQM?Q QC NPCMASN?P?K CK Q?@CP QC M RPCGL?KCLRM BC
    CVCPA”AGMQNMBCPG??JCLRCACP?R?V?L?RSP?JBCAPCQAGKCLRMCKAPG?L?QC R?JTCX PCR?PB?PMGL”AGMB?NS@CPB?BC$VGQRCK
    PCQSJR?BMQ KMQRP?LBM OSC HMTCLQ EGL?QR?Q DCKGLGL?Q OSC N?PRGAGN?K BC RPCGL?KCLRM PGEMPMQM C PCESJ?P ?JA?L?K SK?
    CQR?RSP?KCLMPL?TGB??BSJR?COSC?=5>1B310, ?NPGKCGP?KCLQRPS?ŽM OSCMAMPPCECP?JKCLRCACPA?BC?LMQ?N™Q
    MGL”AGMB?NS@CPB?BC ?AMLRCACK?GQR?PBCBMOSCMAMPPCLMPK?JKCLRCCKE?PMR?Q$LRPCR?LRM SK?PCTGQŽMCVRCLQ?B?
    JGRCP?RSP?BCRCPKGLMSOSC?ECLRGA?CLŽMMCVCPA”AGMGLRCLQMDMGMNPGLAGN?JD?RMPN?P??CQR?RSP?KCLMPB?QEGL?QR?QCQS?
    KCL?PA? ?RP?Q?B? Q KŽCQ B?Q ?RJCR?Q R?K@K RCLBG?K ? RCP CQR?RSP? R?K?LFM KCLMP  C CJ?Q NP™NPG?Q CVNCPGKCLR?P?K
    PCR?PBMLM?N?PCAGKCLRMB?KCL?PA?.Q?RJCR?Q KCLGLMQCKCLGL?Q OSCN?PRGAGN?KBCMSRPMQCQNMPRCQ?NPCQCLR?P?K?Q
    KCQK?QR?V?QBCAPCQAGKCLRMBC?JRSP?CBCNCQMOSCMQLŽM?RJCR?Q$LRPCR?LRM ?QR?V?QBCAPCQAGKCLRML?RSP?JNMBCK
    QCP?RCLS?B?QCK?JESLQCQNMPRCQCKOSCMQ?RJCR?QZN?P​RGASJ?P​KCLRC?QKSJFCPCQZQŽMCLAMP?H?BMQ?PCQRPGLEGP?GLECQRŽM
    A?J™PGA?N?P?K?LRCPSKNCQMAMPNMP?JCAMLRCž​BMBCEMPBSP?AMPNMP?J?LMPK?JKCLRC@?GVMQ.QCQNCAG?JGQR?QAMLAJS”​P?K
    OSC ? GLECQRŽM A?J™PGA? ?BCOS?B? BCTC QCP QSQRCLR?B? CK ?RJCR?Q NP NS@CPCQ C Nž@CPCQ N?P? E?P?LRGP M APCQAGKCLRM C M
    BCQCLTMJTGKCLRMQCVS?J?NPMNPG?BMQ
    "MKMAPCQAGKCLRMB?NMNSJ?PGB?BCBMRPCGL?KCLRMBCPCQGQR‘LAG? MSMJCT?LR?KCLRMBCNCQM AMKMSK?RALGA?BC
    AMLBGAGML?KCLRMCLRPC?RJCR?Q ?JESK?QNCQQM?QJCT?LR?P?KNPCMASN?CQ?PCQNCGRMB?C¤AŠAG?MSB?QCESP?L?B?OSCJC
    KMBMBCRPCGL?KCLRMCLRPCAPG?L?QC?BMJCQACLRCQ4K?NCQOSGQ?KMQRPMSOSC?QAPG?L?QNMBCKCDCRGT?KCLRCE?LF?P
    DMP? AMKM PCQSJR?BM BM RPCGL?KCLRM BC PCQGQR‘LAG?  CK@MP? ? FGNCPRPM¤? h SQASJ?P QCH? KCLMP BM OSC CK GL_ Gq”_ SMQ
    ?BSJRMQ AMKKCJFMP?QK?GMPCQL?FGNCPRPM¤?AMLDMPKC?QAPG?L?QQC?NPMVGK?KB?NS@CPB?BC QQGKAMKMMAMPPCAMK
    MQ?BSJRMQ ?QKCJFMP?QL?A?N?AGB?BCBMQGQRCK?LCPTMQMBCPCAPSR?P MS?RGT?P MRCAGBM​KSQASJ?PAMLRPG@SCKN?P?SK?
    EP?LBCNMPŽMBMQE?LFMQBCDMP?GLBSXGBMQNCJMRPCGL?KCLRMCKAPG?L?Q
    JK B?Q KCJFMP?Q BC DMP?  DMG BMASKCLR?BM OSC M RPCGL?KCLRM BC PCQGQR‘LAG? CLRPC APG?L?Q ?SKCLR? ? BCLQGB?BC
    ™QQC?C?Q?ž​BCCLRPCAPG?L?QC?BMJCQACLRCQ$KPCJ?ŽMQNPCMASN?CQQM@PCQCMRPCGL?KCLRMBCPCQGQR‘LAG?A?SQ?PŠ
    B?LMQCKAPG?L?Q SK?PCTGQŽMB?JGRCP?RSP?PCTCJ?OSC OS?LBMGLQRPS”​B?QCQSNCPTGQGML?B?Q?BCOS?B?KCLRC ?GLAGB‘LAG?
    BCB?LMQK”LGK?ZKSGRMKCLMPBMOSCSK?N?P?A?B?FBCN?PRGAGN?ŽMZCLCLFSK?DMGBCL?RSPCX?A?R?QRP™¤A?
    #C D?RM  ? KCPGA?L A?BCKW MD /CBG?RPGAQ C ? -?RGML?J 2RPCLERF ?LB "MLBGRGMLGLE QQMAG?RGML AMLAJS”​P?K OSC M
    RPCGL?KCLRM BC PCQGQR‘LAG?  OS?LBM PC?​JG​X?BM NMP KCGM BC RALGA?Q ?NPMNPG?B?Q   QCESPM N?P? APG?L?Q C ?BMJCQACLRCQ
    Q?SBŠTCGQ  QPCAMKCLB?CQN?P?MRPCGL?KCLRMBCPCQGQR‘LAG?QCESPMCC¤AGCLRCCLRPCAPG?L?QC?BMJCQACLRCQCQRŽM
    ?NPCQCLR?B?QLM!MVC

    !&  -, 


    1:-<:1B-;,)5-:1+)6+),-5A7.-,1)<:1+;8):)7<:-16)5-6<7,-
    :-;1;<f6+1)87:+:1)6d);-),74-;+-6<-;
     .QNPMEP?K?QBCRPCGL?KCLRMBCDMP?N?P?NP ?BMJCQACLRCQC?BMJCQACLRCQNMBCKQCPQCESPMQCC¤AGCLRCQQC
    DMPCKQCESGB?Q?QRALGA?QBCRPCGL?KCLRMBCPCQGQR‘LAG??BCOS?B?QC?QNPCA?SCQBCQCESP?L?
     .Q NP ?BMJCQACLRCQ C MQ ?BMJCQACLRCQ BCTCK CTGR?P M JCT?LR?KCLRM BC NCQM AMKNCRGRGTM  F?JRCPM¤JGQKM
    ¤QGASJRSPGQKMCJCT?LR?KCLRMQKŠVGKMQ?ROSC?JA?LACK?K?RSPGB?BCD”QGA?CCQOSCJRGA?
     0S?LBM MQ NCBG?RP?Q QŽM QMJGAGR?BMQ ? PCAMKCLB?P MS ? ?T?JG?P MQ NPMEP?K?Q BC RPCGL?KCLRM BC DMP? N?P?
    APG?L?QC?BMJCQACLRCQ MQQCESGLRCQOSCQGRMQBCTCKQCPAMLQGBCP?BMQ
    ? LRCQBCAMKC?PSKNPMEP?K?BCRPCGL?KCLRMBCDMP?DMPK?J BCTCQCPPC?​JG​X?B?SK??T?JG?ŽMKBGA?
    NMP SK NCBG?RP? 2C DMP GLBGA?BM  NMBC QCP DCGRM SK CLA?KGLF?KCLRM N?P? M NPM¤QQGML?J BC KCBGAGL?
    CQNMPRGT?  OSC CQRŠ D?KGJG?PGX?BM AMK MQ TŠPGMQ KRMBMQ BC RPCGL?KCLRM BC DMP? C AMK MQ PGQAMQ C
    @CLCD”AGMQCKNP ?BMJCQACLRCQC?BMJCQACLRCQ
    @ 4K AMLBGAGML?KCLRM ?CP™@GM BCTC QCP ?AMNJ?BM ?M RPCGL?KCLRM BC PCQGQR‘LAG? QC MQ M@HCRGTMQ DMPCK MQ
    @CLCD”AGMQECP?GQN?P??Q?ž​BC
    A .Q NPMEP?K?Q BC RPCGL?KCLRM BC DMP? BCTCK GLAJSGP SK AMKNMLCLRC BC ?OSCAGKCLRM C SK BC
    PCQDPG?KCLRM
    B .Q CVCPA”AGMQ CQNCA”¤AMQ BC RPCGL?KCLRM BCTCK QCP ?NPCLBGBMQ GLGAG?JKCLRC QCK A?PE? PCQGQR‘LAG? 
    0S?LBM?F?@GJGB?BCBMCVCPA”AGMDMPBMKGL?B? NMBCPŽMQCP?BGAGML?BMQGLAPCKCLRMQBCA?PE?
    C .CVCPA”AGMBCPCQGQR‘LAG?NPMEPCQQGT?PCOSCP?PC?​JG​X?ŽM@CK QSACBGB?BC?PCNCRGCQCK@M?DMPK?
    ?LRCQBC?SKCLR?PMNCQMMS?PCQGQR‘LAG?
    D 4KBCDMPR?JCAGKCLRMECP?JBCTCCQR?PBGPCAGML?BM?RMBMQMQNPGLAGN?GQEPSNMQ​KSQASJ?​PCQCBCTCJCT?P?
    CVCPAGR?PRMB???KNJGRSBCBCKMTGKCLRM
    E 0S?JOSCP QGL?J BC B?LM MS BMCL​? A?SQ?BMQ NCJM RPCGL?KCLRM BC DMP? BCTC QCP ?T?JG?BM ?LRCQ BC B?P
    AMLRGLSGB?BC?MCVCPA”AGMCKOSCQRŽM

    1CGKNPCQQM AMK ? NCPKGQQŽM BM "MKKGRRCC ML 2NMPRQ ,CBGAGLC ?LB %GRLCQQ  KCPGA?L A?BCKW MD /CBG?RPGAQ 2RPCLERF
    RP?GLGLE@WAFGJBPCL?LB?BMJCQACLRQ/CBG?RPGAQ
    Z

    2A24:525642C5:@G2D4F=2C6C6DA@DE2D2@6I6C4{4:@
    #CTGBM?MQCSR?K?LFMAMPNMP?JPCBSXGBM ?QAPG?L?QR‘KAMP?ŽMCTMJSKCQ?LES”​LCMKCLMPCQBMOSCMQBMQ?BSJRMQ
    "MKMPCQSJR?BM MB@GRMA?PB”?​AMKŠVGKM MTMJSKCBCCHCŽMCMAMLQSKMBCMVGE‘LGMQŽMKCLMQGKNPCQQGML?LRCQBM
    OSCMQBC?BSJRMQ $LRPCR?LRM OS?LBMLMPK?JGX?BMQN?P??KCLMP​ŠPC?QSNCP¤AG?JBMAMPNMB?QAPG?L?Q MTMJSKCBC
    CHCŽMCMB@GRMA?PB”?​AMKŠVGKMQLŽMBGDCPCKK?GQCLRPCAPG?L?QC?BSJRMQ#CKMBMQCKCJF?LRC OS?LBM?A?NR?ŽM
    KŠVGK?BCMVGE‘LGMCVNPCQQ?CKPCJ?ŽMK?QQ?AMPNMP?J0, KJ\IEZ\KGLZ LŽMCVGQRCBGDCPCL??NPCAGŠ​TCJCLRPC
    ?BSJRMQ ?BMJCQACLRCQCAPG?L?Q
    QDPC​OS‘LAG?QA?PB”?​A?QBSP?LRCMPCNMSQMCMCVCPA”AGM?CP™@GMBCRMB?Q?QGLRCLQGB?BCQQŽMK?GMPCQCKAPG?L?QBM
    OSC CK ?BSJRMQ  DPC​OS‘LAG? A?PB”?​A? K?GMP AMKNCLQ? MQ TMJSKCQ BC CHCŽM ?@QMJSRMQ KCLMPCQ KCLAGML?BMQ
    ?LRCPGMPKCLRC JKBGQQM ?QAPG?L?QNCPDSLBCKK?GQAMKNJCR?KCLRCQCSQ​KžQASJMQCKCVCPA”AGMAMK¥SVMQ?LES”i CM
    PCQSJR?LBM CK SK? CVRP?ŽM BC MVGE‘LGM K?GQ C¤AGCLRC BM Q?LESC NCJ? K?QQ? h SQASJ?P ?RGT? -M PCNMSQM CK OS?JOSCP
    GLRCLQGB?BC BC CVCPA”AGM B?B?  DMG TGQRM OSC ? NPCQQŽM Q?LES”​LC?  KCLMP CK APG?L?Q BM OSC CK ?BSJRMQ  /MPK
    AMLDMPKC ?Q APG?L?Q APCQACK C QS?Q BGKCLQCQ D”QGA?Q ?SKCLR?K  SK? PCBSŽM EP?​BS?J L? DPC​OS‘LAG? A?PB”?​A? C SK
    ?SKCLRML?NPCQQŽM?PRCPG?JQŽMCTGBCLRCQLMPCNMSQMCBSP?LRCMCVCPA”AGM?CP™@GM
    0S?LBMN?PRGAGN?KBCPCEGKCQBCRPCGL?KCLRMBC,5+<9(5*,R?K@KPM@SQRMQ MGLAPCKCLRMLM5.KŠV CVNPCQQMCK
    KJ\IEZ\KGLZ M@QCPT?BMCKAPG?L?QBC?NCL?Q$LRPCR?LRM MQ?BSJRMQCVNCPGKCLR?KECP?JKCLRCKCJFMP?QL?
    NMR‘LAG??CP™@G?KŠVGK?L?MPBCKBC?$QQ?BGDCPCL?GLBSXGB?NCJMRPCGL?KCLRM?RPG@S”​B?NPGLAGN?JKCLRC?M
    R?K?LFM BM AMP?ŽM C ?M TMJSKC Q?LES”​LCM PCBSXGBMQ OSC QŽM GLCPCLRCQ Q APG?L?Q $K PCJ?ŽM ?M BCQCKNCLFM BC
    ,5+<9(5*, DMGTGQRMOSC BSP?LRC?AMPPGB? ?OS?LRGB?BCBCMVGE‘LGMAMLQSKGBM0, KJ\IEZ\KGLZ NMPSK?APG?L?CK
    OS?JOSCPPGRKMQGELG¤A?RGT?KCLRCK?GMPBMOSC?BC?BSJRMQ$QQ?YCAMLMKG?BCAMPPGB?^BGKGLS” _ ?BCRCAR?B?CKHMTCLQ
    K?GQ@CKCVNJGA?B?NCJMD?RMBCOSCQS?QNCPL?Q C ?QQGK MAMKNPGKCLRMBMN?QQM QŽMKCLMPCQBMOSC?QBMQ?BSJRMQ
    #C?AMPBM N?P?K?LRCPMKCQKMPGRKMBCAMPPGB?BCSK?BSJRM ?QAPG?L?QBCTCKB?PK?GQN?QQMQ0, ?SKCLR?P?DPC​
    OS‘LAG?B?QN?QQ?B?Q PCQSJR?LBMCKAMLRP?CQ​KSQASJ?​PCQK?GQDPCOSCLRCQC ?QQGK AMLQSKM?SKCLR?BMBCMVGE‘LGM

    2A24:52562?26C3:26C6DA@DE2D2@6I6C4{4:@
    4K?NCQOSGQ?KMQRPMSOSC CKAMKN?P?ŽMAMK?BSJRMQ MNMRCLAG?JB?QAPG?L?QBCPC?​JG​X?P?RGTGB?BC​KSQASJ?P?L?CP™@G?
    JGKGR?BM(QQMTCPB?BCKCQKMOS?LBM?NMR‘LAG??L?CP™@G?CVNPCQQ?CKPCJ?ŽMK?QQ?AMPNMP?J3?LRMLMCQDMPM
    KŠVGKMBCAGAJGQKMBCTCJMAGB?BCKŠVGK?BCQCESLBMQ0, RCQRCBC6GLE?RC OS?LRMLMRCQRCBCCQA?B?BC,?PE?PG?
    ? NMR‘LAG? ?L?CP™@G?  KCLMP CK APG?L?Q BM OSC CK ?BSJRMQ  JK BGQQM  BSP?LRC M CVCPA”AGM BC ,5+<9(5*, BC
    GLRCLQGB?BCKŠVGK?MSQS@KŠVGK? ?QAMLACLRP?CQBCJ?AR?RMLMQ?LESCCLM​KžQASJMQŽMKCLMPCQCKAPG?L?QBMOSC
    CK ?BSJRMQ  LMT?KCLRC QSECPGLBM SK? ?RGTGB?BC KCR?@™JGA? ?L?CP™@G? BGKGLS”​B? CK APG?L?Q HSLRM AMK ? BGKGLS”​B?
    ?RGTGB?BCCLXGKŠRGA?EJGAMJ”RGA?​KSQASJ?P

    +6C>@CC68F=2wv@
    . KCA?LGQKM BM QSMP CK APG?L?Q LŽM  RŽM C¤AGCLRC OS?LRM CK ?BSJRMQ NMPOSC QS?Q EJ‹LBSJ?Q QSBMP”DCP?Q QŽM KCLMQ
    PCQNMLQGT?QQCJCT?CQBCRCKNCP?RSP?CQCAPCR?KKCLMQQSMP"MKMPCQSJR?BM KSGRMQ?NPCQCLR?P?KNPCMASN?CQBC
    OSC?QAPG?L?QQCH?KK?GQQSQACR”TCGQFGNCPRCPKG?C?BMCL​?QNPMTMA?B?QNCJMA?JMPBSP?LRCMCVCPA”AGMC??RGTGB?BC
    D”QGA?$LRPCR?LRM NMPA?SQ?BMQCSR?K?LFMKCLMP ?P?XŽMCLRPC?​ŠPC?QSNCP¤AG?JB?NCJCC?K?QQ?h SQASJ?PK?GMPCK
    APG?L?QBMOSCCK?BSJRMQ(QQMT?LR?HMQM HŠOSC?SKCLR??A?N?AGB?BCBCOSCMQSMPBGQNML”TCJCT?NMPCCMA?JMPQC
    BGQQGNCN?P?M?K@GCLRC NPMKMTCLBMPCQDPG?KCLRM3?K@KDMGKMQRP?BMOSCBSP?LRCMCVCPA”AGM?QAPG?L?QR‘K¥SVM
    Q?LES”​LCMK?GMPN?P??NCJCBMOSCMQ?BSJRMQ R?K@KNCPKGRGLBMSK?K?GMPNCPB?BCA?JMPBMRCAGBMN?P?M?K@GCLRC
    CKCVCPA”AGM
    . RMR?J BC NCPB? BC A?JMP N?P? M ?K@GCLRC CQRŠ BGPCR?KCLRC JGE?BM ?M EP?BGCLRC BC RCKNCP?RSP? CLRPC M AMPNM C M
    ?K@GCLRC QQGK  OS?LBM M CVCPA”AGM  DCGRM CK AMLBGCQ ?K@GCLR?GQ BCQD?TMPŠTCGQ BC EP?LBC SKGB?BC C A?JMP Z N?P​
    RGASJ?P​KCLRCQC?RCKNCP?RSP??K@GCLR?JCVACBCP?BMAMPNMZ ?K?GMPR?V?BCQSNCPD”AGCBCNCJCN?P??K?QQ?AMPNMP?JB?Q
    APG?L?QNMBC BCD?RM ?SKCLR?PMPGQAMBCFGNCPRCPKG?$QQCPGQAM?SKCLR?BMMAMPPCNMPOSCMA?JMPNMBCQCPE?LFMBM
    ?K@GCLRCCKTCXBCNCPBGBMN?P?CJC$KAPG?L?Q @CKAMKMCKNCQQM?QBCRMB?Q?QGB?BCQ MNCPGEMPCNPCQCLR?BMNCJM
    CVCPA”AGMCKSK?K@GCLRCOSCLRCBCTCQCPPCAMLFCAGBMCBCTCKQCPRMK?B?QNPCA?SCQ?BCOS?B?Q AMKM?QQCESP?PSK?
    ?KNJ?FGBP?R?ŽMCPCBSXGP?GLRCLQGB?BCC?BSP?ŽMBMCVCPA”AGM

    &36D:5256
     CNGBCKG? BC ?25C94145 M@QCPT?B? L? K?GMPG? B?Q QMAGCB?BCQ MAGBCLR?GQ  GLAJSGLBM MQ $QR?BMQ 4LGBMQ   CTGBCLRC LŽM
    ?NCL?Q CLRPC ?BSJRMQ  K?Q R?K@K CLRPC APG?L?Q .Q PCQSJR?BMQ AMJCR?BMQ NCJMQ "CLRCPQ DMP #GQC?QC "MLRPMJ ?LB
    /PMRCARGML "#"  GLBGA?K OSC  CK   ? NMPACLR?ECK BC APG?L?Q C ?BMJCQACLRCQ ?KCPGA?LMQ AMLQGBCP?BMQ M@CQMQ
    ?SKCLRMSCK$QQ?RCLB‘LAG?AML​RG​LS??APCQACP%GESP? 
    86DA0  &A4E0;u=280 34 B>1A4?4B> 4< 2A80=s0B 4 03>;4B24=C4B 0<4A820=>B 34   0

     , +;NCIH;F
    %?;FNB ;H> +ONLCNCIH "R;GCH;NCIH 0OLP?S ΠOG JLIAL;G; >? J?MKOCM; =IH>OTC>I J?FI +;NCIH;F ?HN?L @IL %?;FNB
    0N;NCMNC=MJ;L;P?LCV=;LI?MN;>IHONLC=CIH;F?>?M;š [ ?>?;>OFNIM?=LC;H‹;MHIM"2?L;MNL?;L;MGO>;H‹;M;I
    FIHAI >I N?GJI  !IM ?HN?LM @IL !CM?;M? IHNLIF ;H> -L?P?HNCIH  1L?H>M CH BCF>BII> ,<?MCNS  NF;HN;
     $
    ?HN?LM@IL!CM?;M? IHNLIF;H>-L?P?HNCIH !CMJIHP?F?GBNNJ QQQ =>= AIP H=BM HB;H?M BNG

    . ?SKCLRM L? M@CQGB?BC GLD?LRGJ  SK? EP?LBC NPCMASN?ŽM BC Q?ž​BC  CQNCAG?JKCLRC NMPOSC AMPPCQNMLBC ? SK?
    CJCT?ŽM QCKCJF?LRC L? GLAGB‘LAG? BC BG?@CRCQ RGNM   MS ?BSJR?  CK APG?L?Q .SRP?Q BMCL​?Q MS AMLBGCQ ?QQMAG?B?Q 
    M@CQGB?BCGLAJSCKNPCQQŽM?PRCPG?JCJCT?B? NPM@JCK?QPCQNGP?R™PGMQ BMCL​?QA?PB”?​A?QC?RKCQKMBCNPCQQŽM#C?AMPBM
    AMKMQ"#" MQD?RMPCQOSCAMLRPG@SCKN?P?CQQ?RCLB‘LAG?NCPRSP@?BMP?B?M@CQGB?BCCLRPCAPG?L?QGLAJSCKM?SKCLRM
    CK ?RGTGB?BCQ QCBCLRŠPG?Q LM RCKNM BC J?XCP C SK? BGKGLSGŽM L?Q ?RGTGB?BCQ D”QGA?Q  CQRPSRSP?B?Q MS LŽM 4K
    NMQGAGML?KCLRM PCACLRC DCGRM NCJ? KCPGA?L QQMAG?RGML /CBG?RPGAQ GLQGQRC DMPRCKCLRC OSC QCH?K DMPLCAGB?Q K?GQ
    MNMPRSLGB?BCQ N?P? OSC ?Q APG?L?Q N?PRGAGNCK BC ?RGTGB?BCQ D”QGA?Q L? CQAMJ?  CK NPMEP?K?Q ?N™Q ? CQAMJ? C CK TŠPGMQ
    ?K@GCLRCQB?AMKSLGB?BC COSC?QAPG?L?QCQCSQN?GQRMKCKBCAGQCQBGCRRGA?QK?GQQ?SBŠTCGQ

    ! 

     A2CE:4:A2wv@ 6> 2E:G:5256D 56DA@CE:G2D 6 EC6:?2>6?E@ 7{D:4@ ?v@ :?MF6?4:2 2 G6=@4:5256 56 4C6D4:>6?E@ 6 2>25FC64:>6?E@ 56
    >6?:?@D6>6?:?2D56D56BF6D6;2>2?E:5@@2A@CE642=C:4@2AC@AC:25@
    +>AC@8C2>256EC6:?2>6?E@56C6D:DEy?4:26=23@C25@256BF252>6?E64@>y?72D6?2Ex4?:424@CC6E2C6DF=E26>82?9@567@Cw2N
    4@>A@F429:A6CEC@L2[ FD4F=2CN6>>6?:?@D6>6?:?2DD6>C:D4@2F>6?E25@56=6Dv@
    'F2?5@242A24:525626C3:42>sI:>2,O% >2Ix6IAC6DD2526>E6C>@DC6=2E:G@D@FD6;2>=O<8N O>:?N ?v@6I:DE65:76C6?w2
    D:8?:L42E:G26?EC64C:2?w2D625F=E@D
    FC2?E62ACsE:42566I6C4{4:@D56C6D:DEy?4:26?5FC2?4656>6D>2:?E6?D:525627C6​BFy?4:242C5{2​42564C:2?w2Dx>2:D2=E25@
    BF625@D25F=E@D>2D@D​>ƒD4F=@D2E:G@D52D4C:2?w2DDv@>2:D676E:G@D?26IEC2wv@56@I:8y?:@5@MFI@D2?8F{ \6@
    #6D>@BF2?5@A2CE:4:A2>56AC@8C2>256EC6:?2>6?E@56C6D:DEy?4:256>6D>2D5FC2wv@6:?E6?D:52562>6=9@C252,O% >2Ix
    >6?@C?2D4C:2?w2D5@BF6?@D25F=E@DDD@D656G6AC:?4:A2=>6?E625:76C6?w2D?2D5:>6?D‚6D42C5{2​42D6?@G@=F>6D2?8F{​?6@
    %56D6>A6?9@6>6I6C4{4:@D2?26C3:4@D564C:2?w2Dx>6?@C5@BF6@5@D25F=E@DDD@x6IA=:425@A6=@>6?@CE6@C568=:4@8y?:@
    6>6?@C42A24:525652D6?J:>2D8=:4@={E:42D?@D​>ƒD4F=@D52D4C:2?w2D

    3>B>B44G4A2w28>

    .QB?BMQBCKMEPŠ¤AMQKMQRP?KAJ?P?KCLRCOSC?QNMNSJ?CQB?QL?CQ?MPCBMPBMKSLBM GLAJSGLBMMQ$4 CQRŽM


    CLTCJFCACLBM%GESP? #C?AMPBMAMKM42"CLQSQ!SPC?S CQRGK? QCOSCLM?LMBCACPA?BCKGJFCQBC
    ?KCPGA?LMQQCPŽMAMLQGBCP?BMQGBMQMQ0, AMKNCJMKCLMQ?LMQBCGB?BC "MKMAMKN?P?ŽM LM?LMKCLMQBC
    KGJFCQBCAGB?BŽMQ?KCPGA?LMQCQR?T?KLCQQ?D?GV?CRŠPG?/?P?KCJFMP?P?Q?ž​BCCBGKGLSGPMQASQRMQBCQ?ž​BCCLRPC
    CQQCQCEKCLRMAPCQACLRCB?LMQQ?NMNSJ?ŽM RMB?Q?QNPGLAGN?GQMPE?LGX?CQBCQ?ž​BC GLAJSGLBMM "2, MQ"CLRCPQDMP
    #GQC?QC"MLRPMJ?LB/PCTCLRGMLCM422SPECML&CLCP?JQ.D¤AC PCAMKCLB?KOSC?QNCQQM?QGBMQ?QPC?JGXCK?RGTGB?BC
    D”QGA?CCVCPA”AGMQPCESJ?PKCLRC

    76:E@DMD:@=8:4@D5@6?G6=964:>6?E@
    .NPMACQQMBCCLTCJFCAGKCLRMRCKCDCGRMQ¤QGMJ™EGAMQCKRMBMMAMPNM OSG AMLQGBCP?PCKMQMQCDCGRMQQM@PCMQGQRCK?
    AGPASJ?R™PGM M​KžQASJMCQOSCJRGAMCMQGQRCK?CQOSCJRGAM
    86DA0 G8BC4D<=<4A>2A4B24=C43483>B>B0=>B=0?>?D;0sr>6;>10;!IM ?HN?LM@IL!CM?;M?
    IHNLIF;H>-L?P?HNCIH 6IOHA BCF>L?H;H>,F>?L-?IJF?;M-?L=?HN;A?I@$FI<;F-IJOF;NCIH NF;HN;
    $ ?HN?LM
    @IL!CM?;M? IHNLIF;H>-LIN?=NCIH !CMJIHP?F?GBNNJ QQQ HC; HCB AIP +/ L>IHFSL?M "" #"  
    !!!  4-*:VH;FJ>@NILIM?: J>@

    ,56(/$&,4&7.$6e4,1
    $K@MP?NMQQ?QCPBGD”AGJGQMJ?PMQCDCGRMQBMCLTCJFCAGKCLRMBMQCDCGRMQB?GL?RGTGB?BCD”QGA? ?JESK?QKSB?L?QCLRPCMQ
    GBMQMQQŽMAMLQGQRCLRCKCLRCM@QCPT?B?Q/MPCVCKNJM ??NRGBŽMA?PBGMT?QASJ?P KCBGB?ECP?JKCLRCAMKMM5.KŠVKJ\
    IEZ \ KGLZ  BGKGLSG AMK M CLTCJFCAGKCLRM L? R?V? BC  ?  NMP BA?B? ? N?PRGP BM QCS T?JMP BC NGAM  ?JA?L?BM
    ?NPMVGK?B?KCLRC ?MQ  ?LMQ BC GB?BC $K@MP? ? PCBSŽM BC RCAGBM ​KSQASJ?P C M ?SKCLRM BC K?QQ? EMPBSPMQ? OSC
    ?AMKN?LF? M CLTCJFCAGKCLRM CVNJGOSCK SK? N?PRC B? BGKGLSGŽM BM 5. KŠV  DMG M@QCPT?BM OSC  KCQKM OS?LBM ?
    NMR‘LAG??CP™@G?KŠVGK?CVNPCQQ?CKPCJ?ŽMK?QQ?K?EP?AMPNMP?J CJ??GLB?KCLMPCLRPCMQGBMQMQCKPCJ?ŽM?MQ
    HMTCLQ.NPGLAGN?JD?RMPN?P?CQQCBCAJ”LGMLM5.KŠVSK?BGKGLSGŽMQCKCJF?LRCLMB@GRMA?PB”?​AMKŠVGKM 
    BGKGLSGŽM EP?​BS?J C GLCTGRŠTCJ L? DPC​OS‘LAG? A?PB”?​A? KŠVGK? AMKC? NMP TMJR? BMQ  ?LMQ BC GB?BC C AMLRPG@SG N?P?
    CQQC BCAJ”LGM  K?Q SK? CTGB‘LAG? BCKMLQRP? OSC M NPGLAGN?J D?RMP  SK? PCBSŽM LM TMJSKC BC CHCŽM KŠVGKM
    BGKGLSGŽMLMTMJSKCBCCHCŽMKŠVGKMBCRCAR?B?CLRPCMQGBMQMQCQRŠPCJ?AGML?B?AMKPCBSCQL?AMLRP?RGJGB?BCTCL​
    RPGAS​J?PCQOSCPB?ZC BCQQCKMBM SK?DP?ŽMBCCHCŽMKCLMPOS?LBMMAMP?ŽM@?RCZHSLRMAMKSKTMJSKCQ?LES”​LCM
    KCLMP.CQNCQQ?KCLRMB?N?PCBC?PRCPG?JK?GMPCLRPCMQGBMQMQ AMLRPG@SGLBMN?P?SK?NPCQQŽM?PRCPG?JKBG?K?GMP
    M@QCPT?B? CK NCQQM?Q GBMQ?Q BSP?LRC MQ CVCPA”AGMQ BC GLRCLQGB?BC KŠVGK? C QS@KŠVGK? (QQM PCQSJR? CK CJCT?CQ L?Q
    NPCQQCQ?PRCPG?GQQGQR™JGA?CBG?QR™JGA?"MKM?SKCLRML?NPCQQŽM?PRCPG?JBSP?LRCMCVCPA”AGM NMPA?SQ?B?BGKGLSGŽM
    B?A?N?AGB?BCBCPCBGQRPG@SGPM¥SVMBCQ?LESCN?P?Mh žQASJM?RGTM ?OS?LRGB?BCBCQ?LESCDMPLCAGB?N?P?MQh žQASJMQ
    CKAMLRP?ŽMCQRŠBGKGLS”​B?LMQGBMQMQ
    JK B?Q BCQT?LR?ECLQ L? DSLŽM A?PBGMT?QASJ?P PCJ?AGML?B?Q AMK ? GB?BC  MSRPMQ KCA?LGQKMQ PCJ?AGML?BMQ AMK ?
    A?N?AGB?BCBMAMPNMBCAMLQSKGPMKŠVGKMBCMVGE‘LGMCQRŽMNPCHSBGA?BMQLMCLTCJFCAGKCLRM.SQCH? ?A?N?AGB?BCBM
    RCAGBM ​KSQASJ?P OSC CQRŠ RP?@?JF?LBM BC CVRP?GP MVGE‘LGM BM Q?LESC CQRŠ BGKGLS”​B?  PCQSJR?LBM CK SK? BGKGLSGŽM L?
    BGDCPCL?? T.CKNCQQM?QGBMQ?Q A?NGJ?PGB?BCC?BCLQGB?BCKGRMAMLBPG?JKCLMPCQBCRCAR?B?QLM​KžQASJMCQOSCJRGAM
    CLTCJFCAGBMNMBCKAMLRPG@SGPN?P?CQQ?BGDCPCL?? T.BGKGLS”​B?

    h5&7.1(537(.`6,&1
    QQGKAMKMFŠPCBSŽMB?A?N?AGB?BCA?PBGMT?QASJ?PLMQGBMQMQ ?DMP?​KSQASJ?PCQOSCJRGA?R?K@KBGKGLSGCKSK?
    R?V?BCACPA?BCNMPBA?B?$LRPCR?LRM GQQMAMKC?CKSK?GB?BCK?GQR?PBG?BMOSCMBCAJ”LGMLM5.KŠVZ
    ?LMQ BC GB?BC  NCPB? BC DMP? M@QCPT?B? AMK M CLTCJFCAGKCLRM  NMP QS? TCX  ?ACJCP? ?N™Q ? QCVR? BA?B? BC TGB?
    ?JA?L?LBMSK?R?V?BC?NPMVGK?B?KCLRCNMPBA?B?#CD?RM B?BMQJMLEGRSBGL?GQPCACLRCQBCCQRSBMQDCGRMQAMK?Q
    KCQK?QNCQQM?Q?MJMLEMBMRCKNMQSECPCKOSC ?N™QMQ?LMQBCGB?BC ?DMP?NMBCBGKGLSGPRŽMP?NGB?KCLRCOS?LRM
    ?NMP?LM  NCPB?BCNMR‘LAG?​KSQASJ?PPCJ?AGML?B?AMK?GB?BC MSYDMP?CVNJMQGT?^ AMKC?NMPTMJR?BMQ
    ?LMQBCGB?BCC CKECP?J BGKGLSGK?GQP?NGB?KCLRCBMOSC?DMP?(QQMKCPCACSK??RCLŽMN?P​RGASJ?PNMPOSC K?GQBM
    OSC?DMP? ?NCPB?BCNMR‘LAG?​KSQASJ?PCQRŠJGE?B?K?GMPGLAGB‘LAG?BCOSCB?Q?AGBCLR?GQCQCSQB?LMQPCQSJR?LRCQCLRPC
    NCQQM?QGBMQ?Q
    Q BGKGLSGCQ L? DMP? C NMR‘LAG? ​KSQASJ?​PCQ PCJ?AGML?B?Q AMK ? GB?BC QŽM A?SQ?B?Q NPGLAGN?JKCLRC NCJ? NCPB? BC
    K?QQ?​KSQASJ?PCNMPOSCK?GMPNPMNMPŽMBM​KžQASJMPCK?LCQACLRCMASN?B?NMP¤@P?QBCAMLRP?ŽMJCLR?RGNM( .
    RCPKMC1B3?@5>91QCPCDCPCNCPB?BCRCAGBM​KSQASJ?PCQOSCJRGAMOSC?AMKN?LF?MCLTCJFCAGKCLRM!MVC $QQ?
    NCPB?BCRCAGBMCTGBCLRCLM​KžQASJMGLRCGPMCL?QQS?Q¤@P?QAMLQRGRSGLRCQ R?V?BMBCAJ”LGMB?K?QQ?h SQASJ?PPC¥CRC?
    NCPB?B?DMP?​KSQASJ?POSCMAMPPCBSP?LRCMCLTCJFCAGKCLRM QQGKAMKM?DMP? ?K?QQ?​KSQASJ?P@CKK?LRGB?LM
    QCSNGAMLMKCGMB?RCPACGP?BA?B?BCTGB??R?OSGLR?BA?B?BCTGB?#SP?LRCCQQCQ?LMQ M​KžQASJM?RPM¤?CKSKRMR?J
    BC?NCL?Q$LRPCR?LRM ?N™QMQ?LMQBCGB?BC ??RPM¤? h SQASJ?PMAMPPC?SK?R?V?BCNMPBA?B?$QQ?
    NCPB?BCK?QQ?​KSQASJ?PPCQSJR?BMB??RPM¤?B?Q¤@P?QGLBdTdBp?GQ QCLBM?Q¤@P?QRGNM((MSBCAMLRP?ŽMPŠNGB??QK?GQ
    ?DCR?B?Q  C FŠ BGKGLSGŽM BM LžKCPM BC ¤@P?Q OSC AMKNCK M h žQASJM #C D?RM   M BCAJ”LGM LM LžKCPM BC ¤@P?Q
    KSQASJ?POSCAMLRPG@SGNPGLAGN?JKCLRCN?P??Q?PAMNCLG?
    $VGQRC SK? DMPRC CTGB‘LAG? BC OSC ? 1@?@D?C5  MS KMPRC ACJSJ?P B?Q ¤@P?Q  QCH? BCQCL ^?_ C?
    _ ? NMP SK NPMACQQM BC
    BCLCPT?ŽM PCJ?AGML?BM AMK ? GB?BC OSC AMKC? L? N?PRC ACLRP?J BM QGQRCK? LCPTMQM "MLDMPKC MQ LCSPšLGMQ KMRMPCQ
    ?NPCQCLR?KB?LMLCAP™RGAMCQCPCRGP?KB?Q¤@P?Q h SQASJ?mCQOSCGLCPT?K ?Q¤@P?QPCACLRCKCLRC?@?LBML?B?QBCTCKQCP
    PCGLCPT?B?Q NMP LCSPšLGMQ KMRMPCQ NP™VGKMQ C Q?SBŠTCGQ  MS CJ?Q GPŽM NPGKCGPM ?RPM¤?P C BCNMGQ KMPPCP $QQC NPMACQQM
    PCQSJR?CKSKLžKCPMKCLMPBCSLGB?BCQKMRMP?QNMP​KžQASJM K?Q?OSCJ?QOSCNCPK?LCACKLM​KžQASJMCLTCJFCAGBM
    QŽM K?GMPCQ 0 ,  K?GQ ¤@P?Q NMP LCSPšLGM KMRMP  $QQC NPMACQQM BC BCLCPT?ŽM ?DCR? GES?JKCLRC ?Q ¤@P?Q RGNM (
    AMLRP?ŽM JCLR?  C RGNM (( AMLRP?ŽM PŠNGB?  NMP GQQM ? AMKNMQGŽM BM RGNM BC ¤@P?Q  BC A?B? RGNM BC ¤@P?  LŽM 
    ?JRCP?B? AMK M CLTCJFCAGKCLRM $LRPCR?LRM  ? ?RPM¤? QCJCRGT? B?Q ¤@P?Q RGNM (( M@QCPT?B? LMQ Kº QASJMQ CLTCJFCAGBMQ
    MAMPPCNMPOSCSK?K?GMPNPMNMPŽMB?K?QQ?​KSQASJ?PRMR?JMASN?B?NCJ?Q¤@P?QRGNM(

    ,4&  ;


    @-:+h+17,-:-;1;<f6+1)C;-/:-,78):)5)6<-:).7:d)).=6dc7-)
    16,-8-6,f6+1)6)<-:+-1:)1,),-
    #1B5>) B171<1&8))
    ,:,(9*/-,336>
    ,5;,96-.05.
    "50=,9:0;@6-655,*;0*<;,(3;/,5;,9
    (9405.;65!

    N™QMQ?LMQ ?DMP?​KSQASJ?PBGKGLSGCKACPA?BC?NMPBA?B?  CCQQ?R?V??ACJCP??N™Q?GB?BCBC


     ?  ?LMQ   Q NCPB?Q BC K?QQ? C OS?JGB?BC ​KSQASJ?​PCQ ?AMKN?LF?K CQQC BCAJ”LGM  $QQ?Q NCPB?Q BC
    K?QQ?CDSLŽM​KSQASJ?​PCQPCJ?AGML?B?QAMK?GB?BCQŽMAF?K?B?QBC:(9*67,50(    Q?PAMNCLG?AMKSKCK
    ACPA?BCSKOS?PRMBMQ?BSJRMQAMKK?GQBC?LMQ C?NPCT?J‘LAG??SKCLR?AMK?GB?BC Q?PAMNCLG?LŽMCQRŠ
    ?QQMAG?B??NCL?QGLA?N?AGB?BCBCPC?​JG​X?P?RGTGB?BCQB?TGB?BGŠ​PG?  AMKMJCT?LR?PBCSK?A?BCGP? QS@GPCQA?B?Q
    RMK?P @?LFM MS QC TCQRGP BC K?LCGP? GLBCNCLBCLRC  K?Q R?K@K CQRŠ ?QQMAG?B? ? SK MSRPM CQR?BM BC
    TSJLCP?@GJGB?BCAF?K?BMBC-9(.030+(+, DP?EGJGB?BCA?P?ARCPGX?B?NMPPCBSŽMBCNCQMLŽMGLRCLAGML?J CV?SQRŽM
    D”QGA? DP?OSCX?​KSQASJ?P @?GV?TCJMAGB?BCBCA?KGLF?B?C@?GV??RGTGB?BCD”QGA? DP?EGJGB?BCPCNPCQCLR?SKCQR?BM
    NPCMASN?LRCBCBGKGLSGŽMBCPCQGJG‘LAG?CK?BSJRMQGBMQMQCSK?NPCBGQNMQGŽM?CTCLRMQA?R?QRP™¤AMQ AMKMSK?
    OSCB?MSEPGNC     
    %CJGXKCLRC MBCQCLTMJTGKCLRMBCQ?PAMNCLG?CBCDP?EGJGB?BCNMBCKQCP?BG?BMQCMGL”AGMB?GLA?N?AGB?BCNMBC
    QCPPCR?PB?BMAMK?QGLRCPTCLCQ?BCOS?B?Q$QRP?REG?QBCGLRCPTCLŽM@CK QSACBGB?QCLTMJTCKMRPCGL?KCLRMBC
    CVCPA”AGMQBCPCQGQR‘LAG?5ŠPGMQCQRSBMQBCKMLQRP?P?KMQ@CLCD”AGMQBMQNPMEP?K?QBCRPCGL?KCLRMBCPCQGQR‘LAG?
    N?P? ?BSJRMQ K?GQ TCJFMQ LŽM ?NCL?Q ?SKCLR?LBM ? DMP? C ? K?QQ? ​KSQASJ?P    K?Q R?K@K ?SKCLR?LBM ?Q
    KCBGB?Q BC BCQCKNCLFM DSLAGML?J C BC OS?JGB?BC BC TGB? C PCBSXGLBM M PGQAM BC DP?EGJGB?BC    3?K@K DMG
    KMQRP?BMOSCMCVCPA”AGMBCPCQGQR‘LAG?@CL¤AMN?P???BKGLGQRP?ŽMBCMSRP?QQGRS?CQAPšLGA?QCK?BSJRMQK?GQ
    TCJFMQ  AMKM M@CQGB?BC  MQRCM​NMPMQC  MQRCM​?PRPGRC C BG?@CRCQ  NMP BGKGLSGP ? EMPBSP? RMR?J C ? GLRP? ?@BMKGL?J
    K?LRCP?BCLQGB?BCKGLCP?J™QQC? ?SKCLR?P?OS?JGB?BC​KSQASJ?PCPCBSXGP?BMPC?PCQGQR‘LAG?GLQSJGL?  
    $K@MP? CVGQR?K AMLQGBCP?CQ CQNCAG?GQ LM RPCGL?KCLRM BC PCQGQR‘LAG? N?P? GBMQMQ  OSC GLAJSCK BMCL​?Q AMKM
    BCK‘LAG?  BMCL​? A?PBGMT?QASJ?P  MQRCM​NMPMQC  NPM@JCK?Q BC COSGJ”@PGM MS CDCGRMQ AMJ?RCP?GQ BC KCBGA?KCLRMQ
    RPCGL?PSKGBMQMAMKCVCPA”AGMQBCPCQGQR‘LAG?AMKMRPCGL?PSK?RJCR?BCAJ?QQCKSLBG?J K@MQR‘KM@HCRGTMQBC
    K?VGKGX?PMBCQCKNCLFM ASHML”TCJT?PG?BP?QRGA?KCLRC0, ?A?N?AGB?BCBCQS@GPSKAMLHSLRMBCBCEP?SQ=,9:<:
    BGKGLSGPSK?DP?ŽMBCQCESLBMBCSK:7905;BCH?PB?Q MS K /PGLA”NGMQCAMLQGBCP?CQQCKCJF?LRCQQC
    ?NJGA?KRMBMQDMA?BMQLM05​+0​=g​+<6 QQGKAMKMMRPCGLMBC?RJCR?Q MQNPMEP?K?QBCCVCPA”AGMQN?P??BSJRMQK?GQ
    TCJFMQBCTCKQCP?B?NR?BMQAMK@?QCL?Q?LŠJGQCQB?QLCACQQGB?BCQGLGAG?GQ L?AMLQGBCP?ŽMBML”TCJBC@M?DMPK?C
    BCCVNCPG‘LAG? JCQCQ NPCMASN?CQBCQ?ž​BC M@HCRGTMQ ?ACQQM?D?AGJGB?BCQ KMRGT?ŽMC@?PPCGP?Q

    .QCVCPA”AGMQNPCQAPGRMQBCTCKQCP,:7,*gs*6:N?P?MQM@HCRGTMQBMGL​BG​T”​BSMQCQS@GPSK?CQA?B?MSJCT?LR?PBC
    SK?A?BCGP?QŽMSKBCQ?¤M CVCPA”AGMQOSCKGKCRGXCKCQQ?Q?CQh SQASJ?mCQCCLTMJT?KMQKCQKMQEPSNMQ*
    KSQASJ?​PCQC?P​RGASJ?CQQŽMGKNMPR?LRCQ AMKMQS@GB?QL”TCGQT?​PGŠ​TCGQBC?JRSP?CBC?NMGMBCCOSGJ”@PGM MS
    ?E?AF?KCLRMQKMBG¤A?BMQJCT?LR?PBCA?BCGP?Q
    .Q CVCPA”AGMQ BCTCK RP?@?JF?P RMBMQ MQ NPGLAGN?GQ EPSNMQ ​KSQASJ?​PCQ NMPŽM QSNCPGMP BM AMPNM  NMPŽM
    GLDCPGMPBMAMPNMCMRPMLAM CBCTCKGLAJSGPRMB?Q?QNPGLAGN?GQ?CQ​KSQASJ?​PCQCKNSPP?P NSV?P JCT?LR?P
    ?@?GV?P BM@P?P ?JA?L?P EGP?P
    /MBCKQCPDCGR?QKMBG¤A?CQCKOS?JOSCPCVCPA”AGMN?P??AMKMB?PKCJFMPMQL”TCGQT?mGŠ qCGQBCA?N?AGB?BC
    /MP CVCKNJM  ?JESLQ ?BSJRMQ K?GQ TCJFMQ NMBCK QC QCLRGP AMLDMPRŠTCGQ CK BCGR?P LM AFŽM N?P? PC?​JG​X?P SK?
    ¥CVŽM AMKNJCR?  CLOS?LRM MSRPMQ NMBCK NPCDCPGP NCPK?LCACP CK N C NMBCPG?K RCLR?P SK? ¥CVŽM AMK ?Q
    KŽMQAMLRP??N?PCBC
    ?KNJGRSBCBMKMTGKCLRMBCTCNCPK?LCACPBCLRPMB??KNJGRSBCOSCCQRŠJGTPCBCBMP
     A?PE? MS ? PCQGQR‘LAG? SRGJGX?B? BCTC QCP QCJCAGML?B? AMK ?RCLŽM N?P? ?QQCESP?P ?Q DMPK?Q C ?Q RALGA?Q
    ?BCOS?B?QCPCBSXGP?BMPBCQLCACQQŠPG?
     796.9,::b6 BCTC QCP EP?​BS?J  AMK @?QC LM ?T?LM GL​BG​TG​BS?J  JCT?LBM CK AMLQGBCP?ŽM OSC ?JESK BCQ?¤M 
    LCACQQŠPGMN?P?NPMBSXGPSKCQR”KSJMOSCBCQCLA?BCGCSK??B?NR?ŽM

    MAMLRPŠPGMBC?BSJRMQK?GQHMTCLQ MQ?BSJRMQGBMQMQBCQAPCTCKK?GQDPCOSCLRCKCLRCQS?QNPCMASN?CQBCQ?ž​
    BCAMKMSK?@?PPCGP?NPCBMKGL?LRCN?P?MCVCPA”AGM JKBGQQM OS?LBMSKGL​BG​T”​BSMNMQQSGOS?JOSCPYD?RMPBC
    PGQAM^?GB?BCCKQGHŠAMLQGBCP?B?SKD?RMPBCPGQAM ?JG@CP?ŽMNMPSKKBGAMLCACQQŠPG??LRCQBMGL”AGMBC
    SKNPMEP?K?BCRPCGL?KCLRMBCPCQGQR‘LAG? QQGK LCACQQŠPGMM?NMGMBCSKKBGAMN?P?E?P?LRGP?QCESP?L?
    CQR?@CJCACP?QPCQRPGCQCPCAF??P?GBCG?AMKSKBMQGBMQMQBCOSCYKGLF?Q?ž​BCKSGRMDPŠEGJN?P?OSCCSKC
    CVCPAGRC^  N?P? OSC SK LžKCPM K?GMP BC ?BSJRMQ K?GQ TCJFMQ NMQQ? ?NPMTCGR?P MQ @CLCD”AGMQ BM CVCPA”AGM BC
    PCQGQR‘LAG?
    .QGBMQMQBCTCKQCAMKSLGA?PAMK?RCLŽMAMKQCSQKBGAMQCNPCQR?BMPCQBC?QQGQR‘LAG?KBGA?N?P?BGQASRGPMQ
    @CLCD”AGMQDSLAGML?GQC​KSQASJ?​PCQBMCVCPA”AGMBCPCQGQR‘LAG?AMLRP??QPCQRPGCQCJGKGR?CQBCOS?JOSCPBMCL​?
    QS@H?ACLRC  N?P? K?VGKGX?P ? OS?JGB?BC BC TGB?  M @CK CQR?P C ? GLBCNCLB‘LAG? #CQQC KMBM  M RPCGL?KCLRM BC
    CVCPA”AGMQ BC PCQGQR‘LAG? NMBC QCP M QCEPCBM N?P? K?LRCP HMTCLQ MQ ​KžQASJMQ OSC CQRŽM CLTCJFCACLBM C MQ GBMQMQ
    DSLAGML?GQ C GLBCNCLBCLRCQ "MK SK CLAMP?H?KCLRM ?BCOS?BM  MQ GBMQMQ BCTCK N?PRGAGN?P BC NPMEP?K?Q BC
    RPCGL?KCLRM BC CVCPA”AGMQ BC PCQGQR‘LAG? QCESPMQ  AMLDMPRŠTCGQ  GL​BG​TG​BS?JGX?BMQ C ?EP?BŠTCGQ AMKM SK? RCP?NG?
    GKNMPR?LRCN?P??JA?L?PSK?KCJFMPOS?JGB?BCBCTGB?AMKMN?QQ?PBMQ?LMQ

    %121>g:/5-?
     !GLBCP$% 8?P?QFCQIG*$ 2RCECP ,?W* CR?J$DDCARQMDNPMEPCQQGTCPCQGQR?LACRP?GLGLEML@MBWAMKNMQGRGML
    GL DP?GJ MJBCP ?BSJRQ PCQSJRQ MD ? P?LBMKGXCB  AMLRPMJJCB RPG?J ) &CPMLRMJ  !GMJ 2AG ,CB 2AG Z
    
     "?KN@CJJ ) !MPPGC,) 2NC?PQ&%1GQID?ARMPQDMPD?JJQGL?AMKKSLGRW @?QCBNPMQNCARGTCQRSBWMDNCMNJC
    WC?PQ?LBMJBCP)&CPMLRMJ,Z,
     $QRP?B? ,  *JCNNGLECP  )SBEC ).  CR ?J %SLARGML?J GKN?AR MD PCJ?RGTC TCPQSQ ?@QMJSRC Q?PAMNCLG? GL FC?JRFW
    MJBCPUMKCL) K&CPG?RP2MAZ
     $T?LQ6)$VCPAGQCRP?GLGLEESGBCJGLCQDMPRFCCJBCPJW,CB2AG2NMPRQ$VCPAZ
     %?RMSPMQ (&  "F?RXGLGIMJ?MS  3MSPLGQ 2  CR ?J (LRCLQGRW MD PCQGQR?LAC CVCPAGQC BCRCPKGLCQ ?BGNMIGLC ?LB
    PCQRGLECLCPEWCVNCLBGRSPCPCQNMLQCQGLMTCPUCGEFRCJBCPJWGLBGTGBS?JQ#G?@CRCQ"?PCZ
     %PGCB+/ 3?LECL", 6?JQRML) CR?J%P?GJRWGLMJBCP?BSJRQCTGBCLACDMP?NFCLMRWNC)&CPMLRMJ !GMJ2AG
    ,CB2AG,Z,
     %PGCB+/ 6?JQRML)# %CPPSAAG+%P?GJRW(L'?JRCP) CB'?XX?PBQ&CPG?RPGA,CBGAGLC?LB&CPMLRMJMEW-CU
    8MPI -8,A&P?U 'GJJ 
     %PMLRCP?61 'SEFCQ5 +SRX*) CR?J APMQQ QCARGML?JQRSBWMDKSQAJCQRPCLERF?LBK?QQGL RM WP
    MJBKCL?LBUMKCL) NNJ/FWQGMJZ
     &PCCLJSLB +)  -?GP *2 2?PAMNCLG?cAMLQCOSCLACQ  KCAF?LGQKQ  ?LB NMRCLRG?J RFCP?NGCQ ,CAF ECGLE #CT
    Z
     '?IIGLCL* '?IIGLCL ,SQAJCAPMQQ QCARGML?J?PC? DMPACNPMBSARGML?LBPCJ?V?RGMLAF?P?ARCPGQRGAQGLUMKCL
    ?RBGDDCPCLR?ECQ$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     '?IIGLCL* *P?CKCP6) /?I?PGLCL CR?J$DDCARQMDFC?TWPCQGQR?LACNMUCPRP?GLGLEMLK?VGK?JQRPCLERF
    KSQAJCKMPNFMJMEW ?LBFMPKML?JPCQNMLQCN?RRCPLQGLZ WC?P MJBKCL?LBUMKCL"?L) NNJ/FWQGMJ
    Z
     'W?RR1' 6FGRCJ?U,- !F?R CR?J QQMAG?RGMLMDKSQAJCQRPCLERFUGRFDSLARGML?JQR?RSQMDCJBCPJWNCMNJC
    EC ECGLEZ
     (?LLSXXG 2SAGAF ,  /PCQRUMMB *,  *CLLW , /PCT?JCLAC MD Q?PAMNCLG? ?LB NPCBGARMPQ MD QICJCR?J KSQAJC
    K?QQGLFC?JRFW MJBCPKCL?LBUMKCL)&CPMLRMJ !GMJ2AG,CB2AG,Z,
     )SBEC). *CLLW , *P?CKCP6)$VCPAGQCGLMJBCP?BSJRQ"MLL,CBZ
     )SBEC). *JCNNGLECP *CLLW CR?J'MKC @?QCBPCQGQR?LACRP?GLGLEGKNPMTCQDCKMP?J@MLCKGLCP?JBCLQGRW
    GLUMKCLMLFMPKMLCRFCP?NW.QRCMNMPMQ(LRZ
     +?K@CPRQ26 T?LBCL!CJB 6 T?LBCP+CJW )3FCCLBMAPGLMJMEWMD?EGLE2AGCLACZ
     +?PQQML +  &PGK@W &  *?PJQQML ) ,SQAJC QRPCLERF ?LB QNCCB MD KMTCKCLR GL PCJ?RGML RM ?EC ?LB KSQAJC
    KMPNFMJMEW) NNJ/FWQGMJZ
     +?PQQML+ +G7 8S% CR?J EC PCJ?RCBAF?LECQGLAMLRP?ARGJCNPMNCPRGCQ?LBCVNPCQQGMLMDKWMQGLGQMDMPKQGL
    QGLEJCQICJCR?JKSQAJCACJJQ,SQAJC-CPTC2Z2
     +CVCJJ)'SK?L?EGLE KSQAJCK?QQ ?LB¤@CPRWNCAMKNMQGRGML)&CPMLRMJ !GMJ2AG,CB2AGZ
     +GLBJC12 ,CRRCP$) +WLAF- CR?J EC?LBECLBCPAMKN?PGQMLQMDKSQAJCQRPCLERFGLUMKCL?LBKCL
    ?ECBZWP) NNJ/FWQGMJZ
     ,SFJ@CPE6 2GC@CP"2?PAMNCLG??LBDP?GJRWGLECPG?RPGAN?RGCLRQGKNJGA?RGMLQDMPRP?GLGLE?LBNPCTCLRGML9
    &CPMLRMJ&CPG?RPZ
     /PMARMP#- !?J?EMN?J/ -?GP*2 EC PCJ?RCBQ?PAMNCLG?GLFSK?LQGQ?QQMAG?RCBUGRFPCBSACBQWLRFCRGAP?RCQ
    MDQNCAG¤AKSQAJCNPMRCGLQ)-SRP2Z2
     1?LR?LCL 3  &SP?JLGI ),  %CPPSAAG +  CR ?J "MGKN?GPKCLRQ QRPCLERF ?LB @?J?LAC ?Q NPCBGARMPQ MD QCTCPC
    U?JIGLEBGQ?@GJGRW)&CPMLRMJ !GMJ2AG,CB2AG,Z,
     2?JJGLCL )  /?I?PGLCL  %MECJFMJK ,  CR ?J 2CPSK @?Q?J FMPKMLC AMLACLRP?RGMLQ ?LB KSQAJC K?QQ GL ?EGLE
    UMKCLCDDCARQMDQRPCLERFRP?GLGLE?LBBGCR(LR)2NMPR-SRP$VCPA,CR?@Z
     2CFJ ,  2?UFLCW 1  -?CGK  /FWQGMJMEGA ?QNCARQ MD ?EGLE GKN?AR ML A?LACP K?L?ECKCLR ?LB BCAGQGML
    K?IGLE N?PR(("?LACP)Z
     2GJJ?LN?? $  '?IIGLCL  /SLLMLCL *  CR ?J $DDCARQ MD QRPCLERF ?LB CLBSP?LAC RP?GLGLE ML KCR?@MJGA PGQI
    D?ARMPQGLFC?JRFWZ WC?P MJBKCL2A?LB),CB2AG2NMPRQZ
     2NGPBSQM 66  "PMLGL #+ $VCPAGQC BMQC PCQNMLQC CDDCARQ ML OS?JGRW MD JGDC ?LB GLBCNCLBCLR JGTGLE GL MJBCP
    ?BSJRQ,CB2AG2NMPRQ$VCPA 2SNNJ 2Z2
     5?JICGLCL' 'ŒIIGLCL '?LLMLCL/ CR?J ASRCFC?TW PCQGQR?LACCVCPAGQC GLBSACBN?GL?LBLCSPMKSQASJ?P
    D?RGESC GL CJBCPJW UMKCL UGRF ¤@PMKW?JEG? ?LB GL FC?JRFW AMLRPMJQ CDDCARQ MD QRPCLERF RP?GLGLE PRFPGRGQ
    1FCSKZ
     6?JQRML )  '?BJCW $"  %CPSAAG +  CR ?J 1CQC?PAF ?ECLB? DMP DP?GJRW GL MJBCP ?BSJRQ RMU?PB ? @CRRCP
    SLBCPQR?LBGLEMDNFWQGMJMEW?LBCRGMJMEWQSKK?PWDPMKRFC KCPGA?L&CPG?RPGAQ2MAGCRW-?RGML?J(LQRGRSRCML
    EGLE1CQC?PAF"MLDCPCLACML%P?GJRWGL.JBCP BSJRQ) K&CPG?RP2MAZ

    ,56(/$(537(.`6,&1
    .SRP? NPGLAGN?J NPCMASN?ŽM QM@PC ? Q?ž​BC ?QQMAG?B? ?M CLTCJFCAGKCLRM  ? @CK BMASKCLR?B? PCBSŽM BC BCLQGB?BC
    KGLCP?J ™QQC? C  AMK GQQM  BC DMP? ™QQC? $QQC BCAJ”LGM B? BCLQGB?BC KGLCP?J ™QQC? PCJ?AGML?BM AMK ? GB?BC  K?GQ
    NPMLSLAG?BM CK KSJFCPCQ  CK@MP? R?K@K QCH? ?N?PCLRC CK SK EP?S KCLMP CK FMKCLQ  MQRCM​NMPMQC  SK? BMCL​?
    BCECLCP?RGT? A?P?ARCPGX?B? NCJ? PCBSŽM BC K?QQ? ™QQC? C BCRCPGMP?ŽM B? ?POSGRCRSP? OSC JCT?  DP?EGJGB?BC ™QQC?  ?¥GEC
     BMQ AGB?BŽMQ ?KCPGA?LMQ AMK  ?LMQ MS K?GQ .Q E?QRMQ KBGAMQ ?KCPGA?LMQ ?QQMAG?BMQ Q DP?RSP?Q ​™QQC?Q MQRCM​
    NMP™RGA?QQŽMCQRGK?BMQCKACPA?BC@GJFCQBCB™J?PCQNMP?LM%MGKMQRP?BMOSCMBCAJ”LGMB?BCLQGB?BCKGLCP?J
    ™QQC?PCJ?AGML?B?AMK?GB?BC?AMKN?LF?MQBCAJ”LGMQBCK?QQ?​KSQASJ?PCBCDMP?BCRCAR?BMQLMQGBMQMQ$QQ?PCJ?ŽM
    JCTMS ?M BGR?BM AMPPCLRC CLRPC ECPMLRMJMEGQR?Q C ¤QGMJMEGQR?Q BM CVCPA”AGM  BC OSC Yh žQASJMQ DMPRCQ QŽM GES?GQ ? MQQMQ
    DMPRCQ^ QQGK  CJCQ PCAMKCLB?K CVCPA”AGMQ BC QSQRCLR?ŽM BC NCQM  @CK AMKM M RPCGL?KCLRM BC PCQGQR‘LAG?  N?P? M
    DMPR?JCAGKCLRMC¤AGCLRCLŽMQ™BMQ h žQASJMQ K?QR?K@KBMQMQQMQ?OSCCJCQCQRŽMJGE?BMQ

    52AE2w‚6D2@EC6:?2>6?E@566I6C4{4:@D
    %CJGXKCLRC MQGBMQMQNMBCK@?J?LAC?PMQBCAJ”LGMQPCJ?AGML?BMQAMK?GB?BCBGQASRGBMQ?LRCPGMPKCLRCAMKMRPCGL?KCLRM
    BCPCQGQR‘LAG?C?CP™@GM-CQR?QCŽM AMLQGBCP?KMQ?Q?B?NR?CQA?PBGMT?QASJ?PCQ ​KSQASJ?​PCQCCQOSCJRGA?Q?MCVCPA”AGM
    CLRPCMQGBMQMQ

    ,56(/$&,4&7.$6e4,1
    0S?LBM QS@KCRGBMQ ?MQ NPMEP?K?Q BC RPCGL?KCLRM BC ,5+<9(5*, AMK ? KCQK? GLRCLQGB?BC  DPC​OS‘LAG? C BSP?ŽM BC
    ?BSJRMQ HMTCLQ  MQ GBMQMQ CVNCPGKCLR?K KCJFMP?Q PCJ?RGT?Q 0 ,  ?SKCLRM NCPACLRS?J ? N?PRGP B? JGLF? BC @?QC ?LRCQ BM
    RPCGLM  LM 5\. KŠV OSC LŽM BGDCPCK BMQ ?SKCLRMQ BC  ?  TGQRMQ CLRPC MQ HMTCLQ  $K@MP? CQQ?Q KCJFMP?Q
    MAMPP?KCK?K@MQMQQCVMQ CJ?QN?PCACKQCPBCPGT?B?QBC?B?NR?CQBGDCPCLRCQCLRPCMQFMKCLQC?QKSJFCPCQGBMQMQ
    -M FMKCK GBMQM  MQ ?SKCLRMQ BC 5. KŠV GLBSXGBMQ NCJM RPCGL?KCLRM QŽM ?RPG@S”​BMQ NPGLAGN?JKCLRC Q ?B?NR?CQ
    ACLRP?GQBCK?GMPB@GRMA?PB”?​AMCBCTMJSKCBCCHCŽM$LRPC?QKSJFCPCQGBMQ?Q CLRPCR?LRM ?Q?B?NR?CQNCPGDPGA?Q
    CQNCAG?JKCLRC?KCJFMP?L?CVRP?ŽMBCMVGE‘LGMNCJM​KžQASJMCQOSCJRGAMCKRP?@?JFM AMLRPG@SCKN?P?MQ?SKCLRMQL?
    A?NR?ŽM KŠVGK? BC MVGE‘LGM 3?LRM CK FMKCLQ OS?LRM CK KSJFCPCQ GBMQMQ  M RPCGL?KCLRM BC ,5+<9(5*, PCQSJR? CK
    KCLMP DPC​OS‘LAG? A?PB”?​A? C NPCQQŽM ?PRCPG?J KBG? LM PCNMSQM  @CK AMKM BSP?LRC M CVCPA”AGM BC GLRCLQGB?BC
    QS@KŠVGK?  $  AMKM MAMPPC AMK NCQQM?Q K?GQ HMTCLQ  SK NPMEP?K? BC RPCGL?KCLRM BC ,5+<9(5*, AMK BSP?ŽM BC
    ?JESLQKCQCQNMBCPCBSXGP?EMPBSP?AMPNMP?JCK?RIE MSACPA?BCB?K?QQ?AMPNMP?J

    h5&7.1(537(.`6,&1
    QGLTCQRGE?CQGLGAG?GQQSECPGP?KOSC?QNCQQM?QGBMQ?QRGLF?KSKNMRCLAG?JKCLMPN?P?PCQNMLBCP?MRPCGL?KCLRMBC
    PCQGQR‘LAG? C KCJFMP?T?K ?NCL?Q KGLGK?KCLRC QS? DMP? C R?K?LFM ​KSQASJ?P /MPK  CQQCQ CQRSBMQ RGLF?K KSGRMQ
    NPM@JCK?QKCRMBMJ™EGAMQ AMKMMSQMBCPCEGKCQBCRPCGL?KCLRMGL?BCOS?B?KCLRCPM@SQRMQ$KCQRSBMQK?GQPCACLRCQ
    MQGBMQMQAMKNJCR?P?KNPMEP?K?QBCRPCGL?KCLRM?NPCQCLR?LBM?KCQK?GLRCLQGB?BC DPC​OS‘LAG?CBSP?ŽMNPCQAPGR?QN?P?
    ?BSJRMQ HMTCLQ .Q PCQSJR?BMQ BCQQCQ CQRSBMQ BCKMLQRP?K AJ?P?KCLRC OSC MQ GBMQMQ QŽM A?N?XCQ BC KCJFMP?P
    QGELG¤A?RGT?KCLRC QS? DMP? C QMDPCP FGNCPRPM¤? KpQASJ?P NCQ?P BC ?JESK?Q CVACCQ  ? K?GMPG? BMQ B?BMQ BGQNML”TCGQ
    GLBGA? OSC  OS?LBM ?NPCQCLR?BMQ ?M KCQKM CQR”KSJM BC RPCGL?KCLRM BC PCQGQR‘LAG?  MQ GBMQMQ CVNCPGKCLR?K E?LFMQ BC
    DMP?RŽMGKNPCQQGML?LRCQOS?LRMQMQBCRCAR?BMQCLRPCMQHMTCLQ   #CNCLBCLBMBMQKRMBMQBCRCQRCSRGJGX?BMQ
    BMRGNMBCAMLRP?ŽM​KSQASJ?PPC?​JG​X?B?0, GQMRšLGA? GQMKRPGA?MSGQMAGLRGA? BMQ​KžQASJMQCQNCA”¤AMQRPCGL?BMQCB?
    BSP?ŽMBMNPMEP?K?BCRPCGL?KCLRMBCPCQGQR‘LAG? CQQ?QKCJFMP?QNMBCKQCPB?MPBCKBC?RK?GQBMOSCMBM@PM
    BMQT?JMPCQBCDMP??LRCQBMRPCGL?KCLRM
    QQGKAMKMMQCQRSBMQBCDMP? MQCQRSBMQOSCGLTCQRGE?P?KMQCDCGRMQBMRPCGL?KCLRMBCPCQGQR‘LAG?L?FGNCPRPM¤?BMQ
    GBMQMQ ?JA?L?P?K PCQSJR?BMQ CK ECP?J AML¥GR?LRCQ 0S?LBM QC KCBC ? FGNCPRPM¤? KpQASJ?P AMKM SK? CVN?LQŽM BM
    TMJSKC BM ​KžQASJM GLRCGPM  N?PCAC OSC ?BSJRMQ HMTCLQ C GBMQMQ RPCGL?BMQ BC K?LCGP? QCKCJF?LRC ?NPCQCLR?K M KCQKM
    EP?S BC FGNCPRPM¤?  $K AMLRP?QRC  OS?LBM QŽM CV?KGL?B?Q ?Q KSB?L?Q LM R?K?LFM MS L?Q ​ŠPC?Q RP?LQTCPQ?GQ BM ​
    KžQASJMGLRCGPMMSBCQS?Q¤@P?QAMLQRGRSGLRCQAMKMSK?KCBGB?BCFGNCPRPM¤? MQPCQSJR?BMQQSECPCKOSC CK@MP?MQ
    GBMQMQ ?NPCQCLRCK SK? FGNCPRPM¤? QGELG¤A?RGT?  CJ?  KCLMQ NPMLSLAG?B? BM OSC ? CVG@GB? NMP ?BSJRMQ HMTCLQ  
    QQGK AMKM M RPCGL?KCLRM BC ,5+<9(5*,  M CVCPA”AGM BC PCQGQR‘LAG? R?K@K KCJFMP? QGELG¤A?RGT?KCLRC ? AMKNMQGŽM
    AMPNMP?JCLRPCMQGBMQMQ CK@MP?NMPKCGMBCKCA?LGQKMQBGDCPCLRCQ.RPCGL?KCLRMBC,5+<9(5*,NPMKMTCPCBSCQL?
    K?QQ?BCEMPBSP?AMKCDCGRMQK”LGKMQL?K?QQ?AMPNMP?JK?EP? CLOS?LRMMRPCGL?KCLRMBCPCQGQR‘LAG??SKCLR??K?QQ?
    AMPNMP?JK?EP?CBGKGLSG?K?QQ?BCEMPBSP?

    ,56(/$(537(.`6,&1
    "MKMK?GQNPMTŠTCJOSC?MQRCM​NMPMQC?¥GH?KSJFCPCQBMOSCFMKCLQ ?K?GMPG?BMQCQRSBMQN?P??BCRCPKGL?ŽMBM
    NMRCLAG?J BM RPCGL?KCLRM BC CVCPA”AGMQ N?P? KCJFMPG? B? BCLQGB?BC KGLCP?J ™QQC? C N?P? ? Q?ž​BC DMG AMLBSXGB? CK
    KSJFCPCQ?N™Q?KCLMN?SQ?$KECP?J CQQCQCQRSBMQGLBGA?KOSCMRPCGL?KCLRMBC,5+<9(5*,?SKCLR?QGELG¤A?RGT?KCLRC?
    BCLQGB?BCKGLCP?J™QQC? K?QCQQ?QKCJFMP?QQŽMM@QCPT?B?Q?NCL?QLMQMQQMQOSCQSQRCLR?KMNCQMCL?Q?P​RGASJ?CQB?
    NMPŽMGLDCPGMPBMAMPNM$K@MP?MQ?SKCLRMQB?BCLQGB?BCKGLCP?J™QQC?PCQSJR?LRCQBMRPCGL?KCLRMBCPCQGQR‘LAG?LŽM
    QCH?KK?GQGKNPCQQGML?LRCQBMOSCMQBMRPCGL?KCLRMBC,5+<9(5*,0, ? CQQ?QKCJFMP?QQŽMCLAMLRP?B?QCKPC​
    EGCQK?GQLSKCPMQ?Q?MPCBMPBMAMPNM GLAJSGLBM?AMJSL?TCPRC@P?J!MVC    
    ,4&  
    Q;-/=:7:-+75-6,):-@-:+h+17;8):)7;1,7;7;-;-;15-4-;;-:c7
    -.-<1>7;
    . RPCGL?KCLRM BC CVCPA”AGMQ LŽM  ?NCL?Q QCESPM N?P? MQ GBMQMQ ?QQSKGLBM ? ?SQ‘LAG? BC AMLRP?GLBGA?CQ
    NPCCVGQRCLRCQ  AMKM NPM@JCK?Q MPRMNBGAMQ C A?PBGMT?QASJ?PCQ  K?Q  R?K@K C¤AGCLRC /P?RGA?KCLRC RMB?Q ?Q
    NPGLAGN?GQ MPE?LGX?CQ BC Q?ž​BC C ECPGŠ​RPGA?Q PCAMKCLB?K OSC MQ GBMQMQ N?PRGAGNCK BC SK NPMEP?K? BC
    AMLBGAGML?KCLRM D”QGAM BCQCLF?BM ?NPMNPG?B?KCLRC 4K? T?PGCB?BC BC CQRSBMQ BCKMLQRPMS OSC  CK RCPKMQ
    PCJ?RGTMQ0, ?SKCLRMNCPACLRS?J?N?PRGPBMQT?JMPCQGLGAG?GQ MQGBMQMQKCJFMP?KQS??NRGBŽMA?PBGMT?QASJ?PLM
    KCQKM EP?S BC NCQQM?Q K?GQ HMTCLQ OSC N?PRGAGN?K BC NPMEP?K?Q BC RPCGL?KCLRM BC ,5+<9(5*, ?NPCQCLR?LBM ?
    KCQK? GLRCLQGB?BC  DPC​OS‘LAG? C BSP?ŽM BC RPCGL?KCLRM 3?K@K  PCAMLFCAGBM ?EMP? OSC MQ GBMQMQ NMBCK  C
    BCTCK  N?PRGAGN?P BC RPCGL?KCLRMQ BC PCQGQR‘LAG? PCESJ?PKCLRC QQGK AMKM MAMPPC AMK ? ?NRGBŽM A?PBGMT?QASJ?P
    OS?LBMMQGBMQMQN?PRGAGN?KBCSKNPMEP?K?BCPCQGQR‘LAG?AMKGLRCLQGB?BC DPC​OS‘LAG?CBSP?ŽM?NPMNPG?B?Q CJCQ
    ?NPCQCLR?PŽME?LFMQBCDMP?CBC@M?DMPK?​KSQASJ?POSCLŽMQŽMBGDCPCLRCQBMQOSCQŽMBCRCAR?BMQCK?BSJRMQ
    HMTCLQ 4K NPMEP?K? BC RPCGL?KCLRM BC CVCPA”AGMQ ?BCOS?BM N?P? MQ GBMQMQ BCTC GLAJSGP R?LRM M RPCGL?KCLRM
    A?PBGMT?QASJ?P BCKMBMOSCMPGQAMBCCTCLRMQA?PBGMT?QASJ?PCQCBC?AGBCLRC​T?QASJ?PCLACDŠJGAMQCH?KPCBSXGBMQ
    OS?LRMSKRPCGL?KCLRMBCPCQGQR‘LAG?N?P?BGKGLSGPMPGQAMBCBG?@CRCQRGNMCBCOSCB?Q?AGBCLR?GQ ?SKCLR?P?
    Q?ž​BC™QQC?C?AMKNMQGŽMAMPNMP?J

    'C6D4C:wv@566I6C4{4:@D
    K?GMPG?B?QCTGB‘LAG?QQSECPCOSC ?NCQ?PBCRCPCKL”TCGQGLGAG?GQ@?GVMQBC?NRGBŽMD”QGA? ?QNCQQM?QGBMQ?QBCTCKQCESGP
    ?QKCQK?QBGPCRPGXCQBCNPCQAPGŽMBCCVCPA”AGMQGLBGA?B?QN?P?MQ?BSJRMQHMTCLQ(QQMTCPB?BCGPMN?P?MRPCGL?KCLRM
    BC ,5+<9(5*, BGPCAGML?BM N?P? ? ?NRGBŽM A?PBGMT?QASJ?P  @CK AMKM N?P? M RPCGL?KCLRM BC PCQGQR‘LAG? BCQCLF?BM N?P?
    ?SKCLR?P M AMLBGAGML?KCLRM ​KSQASJMCQOSCJRGAM v AJ?PM OSC CVGQRCK CVACCQ N?P? NCQQM?Q OSC RCLF?K AMLBGCQ
    KBGA?Q NPCCVGQRCLRCQ OSC JGKGRCK MS ?R KCQKM GKNC?K M RPCGL?KCLRM BC CVCPA”AGMQ JK BGQQM  ?Q BGPCRPGXCQ BC
    NPCQAPGŽMBCCVCPA”AGMQN?P?GBMQMQAMLQGBCP?BMQ¤QGA?KCLRCDPŠECGQQŽMKMBG¤A?B?QN?P?OSC?GLRCLQGB?BCCMTMJSKC
    RMR?JBMRPCGL?KCLRMQCH?KBGKGLS”​BMQ R?V?BCNPMEPCQQMBMNPMEP?K?BCRPCGL?KCLRM?JMLEMNP?XMR?K@KNMBCQCP
    K?GQ KMBCP?B? N?P? ?OSCJ?Q NCQQM?Q "MK MQ RPCGL?KCLRMQ BC PCQGQR‘LAG? C BC ,5+<9(5*,  OSC ?SKCLR?K ?Q A?N?AGB?BCQ
    DSLAGML?GQBMQQGQRCK?QAGPASJ?R™PGMC​KSQASJMCQOSCJRGAM ?Q?RGTGB?BCQBGŠ​PG?QNCV JCT?LR?PBCA?BCGP?Q QS@GPCQA?B?Q
    A?PPCE?P Q?AMJ?Q BC AMKNP?Q  R?K@K QC RMPL?K KCLMQ CQRPCQQ?LRCQ N?P? MQ GBMQMQ AMKM PCQSJR?BM BM RPCGL?KCLRM BC
    CVCPA”AGMQ
    4K?QNCARMžLGAMB?NPCQAPGŽMBCCVCPA”AGMQN?P?MQGBMQMQ?GLAJSQŽMBCCVCPA”AGMQBCQCLF?BMQCQNCAG¤A?KCLRCN?P?
    KCJFMP?PMCOSGJ”@PGMC?AMMPBCL?ŽM(QQMDCGRMCKPCQNMQR??JR?DPC​OS‘LAG?BCOSCB?Q?AGBCLR?GQQMDPGB?QNCJMQGBMQMQ
    BMQMQQMQCLDP?OSCAGBMQCB?NPM@?@GJGB?BC?SKCLR?B?BCDP?RSP?Q​™QQC?QCMSRP?QKMP@GB?BCQOSCNMBCKPCQSJR?PBCQQ?Q
    OSCB?Q QDP?RSP?QBMQMQQMQB?NCJTCQŽMSK?NPCMASN?ŽMN?P​RGASJ?PCLRPCMQGBMQMQNMPOSCSKPCQSJR?BMKMQRPMSOSC
    CKK?GQBCBMQA?QMQ ?KMPR?JGB?BCMAMPPCPŠBCLRPMBC?LM?N™Q?JCQŽM$K@MP?MRPCGL?KCLRMBCCOSGJ”@PGM
    QCH?GLAJS”​BMLMPK?JKCLRCCKNPMEP?K?QBCRPCGL?KCLRMD”QGAMN?P?MQGBMQMQ CVGQRCNMSA?CTGB‘LAG?AGCLR”¤A? QCH?N?P?
    ?NMG?PMSPCDSR?P?CDCRGTGB?BC BCOSCMQCVCPA”AGMQBCCOSGJ”@PGM ?NCL?QNMPQG CTGR?K?QOSCB?Q!MVC 

    ,4& 
     <
    4158h)​,);!-617:-;
    Q NPGKCGP?Q .JGKN”?​B?Q 2CLGMPCQ DMP?K PC?​JG​X?B?Q CK  C AMLQGQRG?K CK ?NCL?Q RP‘Q CQNMPRCQ L?R?ŽM
    ?RJCRGQKMCKCPESJFM AMK?NCL?QNCQQM?QAMKNCRGLBM'MHC ?Q2CLGMP.JWKNGAQ BMQ$4 MDCPCACKK?GQBC
    CTCLRMQ AMKTŠPGMQKGJF?PCQBC?RJCR?QN?PRGAGN?LBMLMQ)MEMQ.J”KNGAMQBC5CPŽMCBC(LTCPLM/?P?D?XCPN?PRC
    B?QAMKNCRGCQ MžLGAMAPGRPGMOSCTMA‘BCTCASKNPGPRCPNCJMKCLMQ?LMQBCGB?BC

    B<044G4A2w28>
    1C=1SK?BMCL​?A?P?ARCPGX?B?NCJ?BG¤ASJB?BCBCPCQNGP?ŽM AMKAFG?BM CNCJM?NCPRMLMNCGRM$QQCQQGLRMK?QQŽM
    A?SQ?BMQNCJ?AMLRP?ŽMB?​KSQASJ?RSP?JGQ?OSCCLTMJTC?QTG?QPCQNGP?R™PG?QB?PCBC@PMLOSGMJ?P @PMLAMAMLQRPGŽM
    LMPK?JKCLRC GLBSXGB? NCJ? CVNMQGŽM ?MQ ?JCPE‘LGAMQ ?K@GCLR?GQ  OSC A?SQ?K SK? PCQNMQR? GL¥?K?R™PG? OS?LBM MQ
    K?QR™AGRMQJMA?JGX?BMQL?QSNCPD”AGCB?QTG?QPCQNGP?R™PG?QJG@CP?KFGQR?KGL? NPMQR?EJ?LBGL?QCJCSAMRPGCLMQ ?QK?NMBC
    ?DCR?PNCQQM?QBCRMB?Q?QGB?BCQ K?QGBCLRG¤A?B?K?GQAMKSKCLRCCKAPG?L?QC?BMJCQACLRCQNMPOSCCJCQQŽMCVNMQRMQ
    K?GQPCESJ?PKCLRC??K@GCLRCQCKOSCMQ?JCPE‘LGAMQNMBCKQCPCLAMLRP?BMQ$JCQGLAJSCKLŽM?NCL?QMQHMEMQCVRCPLMQ
    C MQ A?KNMQ BC CQNMPRC  K?Q R?K@K NGQAGL?Q C PGLESCQ BC N?RGL?ŽM LM ECJM  CK OSC  PCQNCARGT?KCLRC  M AJMPM  ?Q
    QS@QR‹LAG?QOS”​KGA?QOSCPCAM@PCKMECJMC?QCKGQQCQE?QMQ?QNPMTMA?KPCQNMQR?Q?JPEGA?QCK?JESK?QNCQQM?Q

    ! 

    DA6DD@2DBF6Dv@4@?D:56C252D:5@D2D@FD6;22BF6=2D4@>2?@D56:5256@F>2:D4@?DE:EF6>@D68>6?E@BF64C6D46>2:D
    CsA:5@?2A@AF=2wv@5@D+
    42A24:525626C3:2@F,% >sI2=42?w2@>sI:>@A@CG@=E25@D 2?@D56:52562?E6D56564=:?2C4@?D:DE6?E6>6?E62F>2E2I2
    562
    A@C5x4252DD6564={?:@x6IA=:425@AC:?4:A2=>6?E6A@CC65Fw‚6D?@G@=F>6566;6wv@>sI:>@
    5:>:?F:wv@527@Cw2​>FD4F=2C4@>6w2A@CG@=E25@D
    2?@D56:525664@?​E:​?F22F>2E2I25646C4256
    A@C5x4252
    DD:>4@>@27@Cw22A6C5256>2DD2​>FD4F=2C2@C65@C5@D
    2?@D56:5256@4@CC62F>2E2I256
    A@C5x4252
    2EC@L2[ FD4F=2CC6=24:@?2524@>2:5256276E2>2:D2DL3C2D564@?EC2wv@CsA:525@BF62D564@?EC2wv@=6?E2
    'F2?5@A2CE:4:A2>56F>AC@8C2>256EC6:?2>6?E@56 &# 56:?E6?D:525665FC2wv@D6>6=92?E6D@D:5@D@D6IA6C:>6?E2>
    >6=9@C2D?22AE:5v@42C5:@G2D4F=2CBF6D6:8F2=2>uD5@D;@G6?D
    2 
    %D:5@D@D2AC6D6?E2>2F>6?E@D?27@Cw26?@E2>2?9@​>FD4F=2​C6DD:>:=2C6D2@D56;@G6?DBF2?5@C62​=:​J2>@>6D>@C68:>656
    EC6:?2>6?E@56C6D:DEy?4:2

    2FD2D?v@2=xC8:42D
    "MKM M ?SKCLRM BM LžKCPM BC NCQQM?Q NMPR?BMP?Q BC ?QK? AMGLAGBC AMK M ?SKCLRM @PSQAM L? M@CQGB?BC GLD?LRGJ L?Q
    žJRGK?QRP‘QMSOS?RPMBA?B?Q DMGNMQRSJ?BMPCACLRCKCLRCOSC?M@CQGB?BCNMBCAMLRPG@SGPN?P?MGL”AGMB??QK? 
    /?PCACOSC CLRPCMQM@CQMQ MK?GMPCQDMPMN?P?PCQNGP?PJGKGR??PCQNGP?ŽMNPMDSLB?LCACQQŠPG?N?P?K?LRCPMR?K?LFM
    ™RGKMBMJžKCLB?QTG?QPCQNGP?R™PG?Q"MKMRCKNM MJžKCLB?QTG?QPCQNGP?R™PG?QPCBSXQCSBG‹​KC​RPM ?SKCLR?LBM?QQGK
    ?PCQGQR‘LAG??M¥SVMBC?PNCJ?QTG?QPCQNGP?R™PG?Q$LRPCR?LRM R?K@KDMGQSECPGBMOSC GLBCNCLBCLRCKCLRCB?M@CQGB?BC
    MBCAJ”LGMCQRŠTCJL??RGTGB?BCD”QGA?M@QCPT?BMCKAPG?L?QBCQBC?KCR?BCBM​QASJMNMBCQCPSK?NMRCLAG?JA?SQ?BM
    ?SKCLRMBC?QK?BSP?LRC?OSCJCQ?LMQ  QQGKAMKMMAMPPCL?M@CQGB?BC ??SQ‘LAG?B?PCQNGP?ŽMNPMDSLB?PCESJ?P
    OSC?AMKN?LF?MCQRGJMBCTGB?QCBCLRŠPGMJCT?CTCLRS?JKCLRCPCBSŽMB?QBGKCLQCQBMJžKCLB?QTG?QPCQNGP?R™PG?Q M
    OSCA?SQ?MQQGLRMK?QB??QK?

    76:E@D5@6I6C4{4:@
    "MKM M CQR”KSJM BM CVCPA”AGM NMBC ?SKCLR?P CK KSGR?Q TCXCQ ? TCLRGJ?ŽM NMP KGLSRM  NPMTMA?LBM AFG?BM  BGQNLCG? C
    RMQQCCLRPCNCQQM?QAMK?QK? FGQRMPGA?KCLRC DMGPCAMKCLB?BMOSCMQ?QKŠRGAMQCTGR?QQCKMCQDMPMD”QGAM$LRPCR?LRM
    K?GQPCACLRCKCLRC DMGNPMT?BMOSCMRPCGL?KCLRMBCCVCPA”AGMQNMBC@CLC¤AG?PMQ?QKŠRGAMQ.QPCQSJR?BMQQŽMAMLDSQMQ
    LMOSCBGXPCQNCGRMA?N?AGB?BCBMCVCPA”AGM?CP™@GMBCAMLRPMJ?P?GLAGB‘LAG?C?EP?TGB?BCB?QAPGQCQBC?QK?/MPK
    RCKQGBMBCKMLQRP?BMAMLQGQRCLRCKCLRCOSCMAMLBGAGML?KCLRM?CP™@GMC?QKCBGB?QBCOS?JGB?BCBCTGB?NCV GB?Q?M
    FMQNGR?J  D?JR? ?M RP?@?JFM MS  CQAMJ?  QŽM KCJFMP?BMQ  HSLR?KCLRC AMK M @CK CQR?P NQGAMJ™EGAM N CV  ?SRMAML¤?L?
    ?SKCLR?B? OSC?AMKN?LF?MRPCGL?KCLRMD”QGAM3?K@KGKNMPR?LRCMD?RMBCOSC AMK??NRGBŽMD”QGA?KCJFMP?B? ?
    A?PE?TCLRGJ?R™PG?LCACQQŠPG?N?P?PC?​JG​X?POS?JOSCPR?PCD?D”QGA?BGKGLS”​B?C AMLQCOSCLRCKCLRC KCLMQNPMTŠTCJOSC
    CQRGKSJCSKCNGQ™BGM?QKŠRGAM$QQC NMPQG SK@CLCD”AGMTGR?J
    $KTCXBCBCQCLAMP?H?PMCVCPA”AGMNCJMQN?AGCLRCQ?QKŠRGAMQ MQCQNCAG?JGQR?QLMA?KNM?BTME?K?EMP?NCJ?GLAJSQŽMBM
    RPCGL?KCLRMBCCVCPA”AGMQ?CP™@GMQAMKMN?PRCBCSKNPMEP?K?BCRP?R?KCLRM?@P?LECLRC3?LRMM KCPGA?L"MJJCECMD
    2NMPRQ,CBGAGLCOS?LRM? KCPGA?L3FMP?AGA2MAGCRWPCAMKCLB?KOSCNCQQM?QAMK?QK?N?PRGAGNCKBC?RGTGB?BCPCESJ?P
    C TGEMPMQ?  NPCQQSNMLBM  M@TG?KCLRC  OSC CQRCH?K AMLRPMJ?LBM QS? BMCL​? AMK KCBGA?KCLRMQ  AMKM AMPRGAMQRCPMGBCQ
    ?CPMQQ™G​Q Q BGPCRPGXCQ B? KCPGA?L A?BCKW MD /CBG?RPGAQ N?P? M CVCPA”AGM CK APG?L?Q AMK ?QK? CQRŽM PCQSKGB?Q LM
    !MVC
    !&
      -, 
    1:-<:1B-;8):))8:-;+:1dc7,--@-:+h+17;8):)+:1)6d);+75);5)
    Q BGPCRPGXCQ B? KCPGA?L A?BCKW MD /CBG?RPGAQ N?P? ? N?PRGAGN?ŽM CQNMPRGT? BC APG?L?Q BCAJ?P?K M QCESGLRC
    YAMK ? CBSA?ŽM C ? KCBGA?ŽM ?BCOS?B?Q  ?NCL?Q MQ ?RJCR?Q AMK ?QK? K?GQ EP?TC BCTCPŽM KMBG¤A?P QS?
    N?PRGAGN?ŽM^

    #>f1D1>/h/5;
    AE539=5>D?K?LRCLF?CKGLRCLQGB?BC@?GV??KMBCP?B? AMKDPC​OS‘LAG?A?PB”?​A?BMKŠVGKMCQRGK?BM
    NMP?JESLQKGLSRMQLŽMSRGJGXC??PP?LA?B?GLRCPKGRCLRC
    &Bl=54931kj?RMKCmEBCQ?J@SR?KMJ?J@SRCPMJ MSSKCOSGT?JCLRCCKSKGL?J?BMPBCEP?LBCTMJSKCNCJM
    KCLMQ  KGL ?LRCQ BM GL”AGM BM ?OSCAGKCLRM KCBGA?ŽM @PMLAMBGJ?R?BMP? BC JMLE? ?ŽM NMBC QCP žRGJ N?P?
    APG?L?QOS?LBMMCVCPA”AGMLŽMNJ?LCH?BM

    @5B50-01?<>121>1:/5-5?
    -?R?ŽMK?QNPCQRC?RCLŽMQCLQG@GJGB?BC?MAJMPM AGAJGQKMCA?KGLF?B?
    .SRP?Q?RGTGB?BCQ?CP™@G?QNCV AMPPGB?MSHMEMQ
    $QNMPRCQAMKNCRGRGTMQNCV DSRC@MJC@?QOSCRC

    ;:5@;>-91:@;
    QAPG?L?QBCTCKQCPCLAMP?H?B?Q?YCQASR?PQCSQAMPNMQ^C?NPCLBCPAMKMKCBGPQS?QDPC​OS‘LAG?QA?PB”?​A?QC
    ?KMLGRMP?PMQQGL?GQB?D?JR?BC?PNCJMCQDMPMCB??QK?
    #CTCCQR?PBGQNML”TCJKCBGA?ŽMYBCCKCPE‘LAG?^?BGAGML?J
    Q APG?L?Q BCTCK QCP CLAMP?H?B?Q ? RCP BCQA?LQMQ ?NPMNPG?BMQ BSP?LRC MQ CQNMPRCQ AMKNCRGRGTMQ BC ?JR?
    GLRCLQGB?BCNCV @?QOSCRC 

    ;:@>-5:05/-em1?
    QKCQK?QN?P??QPCAMKCLB?CQLMPK?GQDC@PCCBMPBCA?@C? K?Q CQNCAG?JKCLRC ?QGLDCACQPCQNGP?R™PG?Q

    1CGKNPCQQM AMK ? NCPKGQQŽM BC 6CJQF +  *CKN )&  1M@CPRQ 1&# $DDCARQ MD NFWQGA?J AMLBGRGMLGLE ML AFGJBPCL ?LB
    ?BMJCQACLRQUGRF?QRFK?2NMPRQ,CB 

    D>2:?5FK:52A6=@6I6C4{4:@
    $KEP?LBCN?PRC MKMRGTMB?PCAMKCLB?ŽMN?P?OSCMQ?QKŠRGAMQCTGRCKMCVCPA”AGM NMQGŽM?BMR?B?NCJMQCQNCAG?JGQR?Q
    FŠ?JESLQ?LMQ MD?RMBCOSC??RGTGB?BCD”QGA?OSCPCOSCPSK?SKCLRMK?PA?LRCL?A?PE?TCLRGJ?R™PG?BGQN?P?MGL”AGM
    BMQQGLRMK?QB??QK?#CD?RM ?RB?QNCQQM?QBG?ELMQRGA?B?QAMK?QK?CVNCPGKCLR?KMOSCAF?K?BMBCY?QK?
    GLBSXGB?NCJMCVCPA”AGM^ MS ($/MPK KCQKMNCQQM?QOSCLŽMQŽMN?AGCLRCQ?QKŠRGAMQNMBCKCVNCPGKCLR?P? ($
    RB?QNCQQM?QOSC ?RCLRŽM LŽM?NPCQCLR?KQGLRMK?QBC?QK?QMDPCKBC@PMLAMQN?QKM AMKRMQQCC?PCQNGP?ŽM
    BGD”AGJ C AMK BG¤ASJB?BC ?QQMAG?B?Q  ($ $K N?P​RGASJ?P  DMG KMQRP?BM OSC CVCPA”AGMQ BC ,5+<9(5*,  AMKM ? AMPPGB?  M
    AGAJGQKMC?L?R?ŽM BGQN?P?K? ($/MPK OS?JOSCPKMBMBCCVCPA”AGMPC?​JG​X?BMCKSK?GLRCLQGB?BCBCMSK?GQ
    B?A?NR?ŽMKŠVGK?BCMVGE‘LGMBCSK?NCQQM?A?N?XBCBGQN?P?P? ($CKGL​BG​T”​BSMQQSQACR”TCGQ$KPGQAMN?P​RGASJ?P
    CQRŽM MQ L?B?BMPCQ  OSC NMBCK QCP ?JPEGAMQ ?M AJMPM SRGJGX?BM N?P? RP?R?P ? ŠES?  C MQ ?RJCR?Q BC CQNMPRCQ LM ECJM  OSC
    NMBCKQCPQCLQ”TCGQQCKGQQCQJG@CP?B?QNCJ?QKŠOSGL?QBCAM@CPRSP?BCECJM

    6,1.1*,$
    &CP?JKCLRC  M @PMLAMQN?QKM AMLQRPGŽM B? TG? PCQNGP?R™PG?  MAMPPC  ?  KGL ?N™Q M GL”AGM BM CVCPA”AGM $QQC ?RP?QM
    MAMPPCNMPOSC?PCQNMQR?GL¥?K?R™PG?OSCJCT?AMLQRPGŽMB? h SQASJ?RSP?JGQ?B?QTG?QPCQNGP?R™PG?QJCT?SKRCKNMN?P?
    QCP AMKNJCR?KCLRC ?RGT?B? "MLDMPKC M CVCPA”AGM AMKC? C ? TCLRGJ?ŽM ?SKCLR?  ? ŠES? OSC SKCBCAC M ?P GLRCPLM
    CT?NMP?CKSK?R?V?K?GMP ?EGLBMN?P?BCQGBP?R?PCPCQDPG?P?QSNCPD”AGCB?PCBCB?QTG?QPCQNGP?R™PG?Q0S?LRMK?GMPDMPM
    ?SKCLRM B? TCLRGJ?ŽM  K?GQ QCTCP?  ? BCQGBP?R?ŽM C M PCQDPG?KCLRM B? QSNCPD”AGC B?Q TG?Q PCQNGP?R™PG?Q 0S?LBM MQ
    K?QR™AGRMQ JMA?JGX?BMQ L?Q N?PCBCQ B?Q TG?Q PCQNGP?R™PG?Q BCQGBP?R?K C QC RMPL?K FGNCPRšLGAMQ  JG@CP?K JCSAMRPGCLMQ C
    FGQR?KGL? BGQN?P?LBMSK?PCQNMQR?GL¥?K?R™PG?C?@PMLAMAMLQRPGŽM OSCBG¤ASJR??CLRP?B?CQ?”B\ BM¥SVMBC?PBMQ
    NSJKCQ "MKM M ?P DPGM R?K@K RCLBC ? QCP QCAM  MQ ?RJCR?Q BC CQNMPRCQ BC GLTCPLM CK ?K@GCLRC CVRCPLM QŽM
    CQNCAG?JKCLRCTSJLCPŠTCGQ ($$QQCPGQAMNMBCQCPQGELG¤A?RGT?KCLRCBGKGLS” _ MOS?LBMCQQCQ?RJCR?QSRGJGX?KKŠQA?P?Q
    D?AG?GQ N?P? NPCLBCP ? SKGB?BC BM ?P CVNGP?BM  BC KMBM OSC M ?P DPGM C QCAM OSC  GLQNGP?BM NMQQ? QCP SKGBG¤A?BM C
    ?OSCAGBM?LRCQOSCAFCESCPCBC@PMLOSGMJ?P

    (','$524(8(06,8$5
    3?LRM KCBGB?Q D?PK?AMJ™EGA?Q OS?LRM LŽM D?PK?AMJ™EGA?Q NMBCK QCP RMK?B?Q N?P? ?HSB?P ? CTGR?P ? ($ $J?Q QŽM
    BGQASRGB?Q?QCESGP

    #43830B50A<02>;{6820B
    RJCR?Q OSC DMP?K BG?ELMQRGA?BMQ AMK ?QK? BCTCK AMLQGBCP?P AMPRGAMQRCPMGBCQ ?CPMQQ™G​Q  OSC BGKGLSCK ?Q PCQNMQR?Q
    GL¥?K?R™PG?QB?QTG?QPCQNGP?R™PG?Q AMKM?NPGKCGP?JGLF?BCBCDCQ?AMLRP?? ($"MKMMQCDCGRMQ?LRG GL¥?K?R™PGMQBMQ
    EJGAMAMPRGAMQRCPMGBCQBSP?K@CK?JMLEMNP?XM CJCQNMBCKQCPRMK?BMQFMP?Q?LRCQBMCVCPA”AGMMSBC?AMPBMAMK?QS?
    ?BKGLGQRP?ŽM BGŠ​PG? R”NGA?  C NCPK?LCACP C¤A?XCQ BSP?LRC M CVCPA”AGM CK N?AGCLRCQ AMK ?QK? KMBCP?B?
    2SNPCCLBCLRCKCLRC NMSAMQCQ?@CQM@PC?C¤AŠAG?BCBMQCQBGŠ mG?QBCEJGAMAMPRGAMQRCPMGBCQCK?RJCR?QNPMNCLQMQ?APGQCQ
    BC ($ K?QOSCLŽMQCH?KAMLQGBCP?BMQN?AGCLRCQAMK?QK?
    4K?AJ?QQCBC?ECLRCQAF?K?BMQBCb ?EMLGQR?QBC?ŽMASPR?N?P​RGASJ?P​KCLRCC¤A?XCKNP?RGA?KCLRCRMBMQMQ?RJCR?Q
    ACPA? BC   OSC QMDPCK BC ($  QCH?K ?QKŠRGAMQ MS LŽM ?QKŠRGAMQ $QQ?Q QS@QR‹LAG?Q R?K@K NMBCK QCP GL?J?B?Q C
    DSLAGML?PAMKM@PMLAMBGJ?R?BMPCQC¤A?XCQNMP?RRP‘QFMP?Q QCLBMMQCDCGRMQKŠVGKMQM@QCPT?BMQCLRPCCKGL?N™Q
    ??BKGLGQRP?ŽM$QQCQ?ECLRCQBCTCKQCPRMK?BMQACPA?BCKGL?LRCQBMGL”AGMBMCVCPA”AGMN?P?CTGR?PMQQGLRMK?QB?
    ($,?GQPCACLRCKCLRC DMP?KBCQCLTMJTGBMQb ?EMLGQR?QBC?ŽMJMLE?OSCDMPLCACKCDCGRMQ@PMLAMBGJ?R?BMPCQNMP?
    F?N™Q?GL?J?ŽM
    %GL?JKCLRC DMGKMQRP?BMOSCMQGLG@GBMPCQBCJCSAMRPGCLMQQŽMCDCRGTMQL?NPCTCLŽMBMGL”AGMB? ($ KCQKMRCLBM
    SK? A?N?AGB?BC JGKGR?B? BC ?BKGLGQRP?P ? ?QK? ? JMLEM NP?XM  MS APšLGA? #CTC QCP DCGR? SK? PCQQ?JT? ?OSG JESK?Q
    T?PG?CQBMQDŠPK?AMQKCLAGML?BMQ?OSGDMP?KNPMG@GB?QNCJMQAMKGR‘QPCESJ?BMPCQBCCQNMPRCQNMPA?SQ?BCQCSQCDCGRMQ
    CPEME‘LGAMQNMRCLAG?GQ.Q?RJCR?QAMKNCRGRGTMQBCTCKBCQAM@PGPOS?GQQŽMGJCE?GQCAMLQSJR?PQCSQRPCGL?BMPCQCKBGAMQ
    N?P?CLAMLRP?PPCKBGMQBC?QK?OSCLŽMBCQOS?JG¤OSCKQS?N?PRGAGN?ŽMCKCTCLRMQCQNMPRGTMQ

    #43830B=r>50A<02>;{6820B
    "MKM M NP™NPGM CVCPA”AGM ?EC AMKM SK @PMLAMBGJ?R?BMP   GKNMPR?LRC OSC ?Q NCQQM?Q ?DCR?B?Q NCJ? ($ QC ?OSC?K
    ?BCOS?B?KCLRC?LRCQBMRP?@?JFMMSB?AMKNCRGŽM$QQC?OSCAGKCLRMBCTCGLAJSGPKMKCLRMQASPRMQBCCVCPA”AGMQBC?JR?
    GLRCLQGB?BCOSCCQRGKSJCK?JG@CP?ŽMBCA?RCAMJ?KGL?Q OSCNPMKMTCK?@PMLAMBGJ?R?ŽM-M¤KBMCVCPA”AGM OS?LBM
    MQQGLRMK?QB? ($QŽMK?LGDCQR?BMQDPCOSCLRCKCLRC ?AMLQCJFŠTCJD?XCPSKPCQDPG?KCLRMEP?​BS?J ?BKGLGQRP?ŽMBM
    ?K@GCLRCCKOSCM?RJCR?RPCGL?CAMKNCRCR?K@KNMBCAMLRPG@SGPN?P??C¤AŠAG?B?NPCTCLŽMB? ($/?P?GL _ Gq”_ SMQ
    OSC R‘K PC?CQ ?M N™JCL MS ? MSRPMQ ?JCPE‘LGAMQ BC MPGECK L?RSP?J  NMBC QCP žRGJ QGKNJCQKCLRC CTGR?P ? EP?K?
    PCACLRCKCLRC AMPR?B? MS MQ A?KNMQ $K@MP? M ?P OSCLRC C žKGBM CLAMLRP?BM CK ​ŠPC?Q BC L?R?ŽM AM@CPR?Q NMQQ?
    PC?JKCLRC PCBSXGPMPGQAMBCSK?APGQCBC ($ NCQQM?QQCLQ”TCGQ?MAJMPMSRGJGX?BMN?P?RP?R?P?ŠES?BCTCKTCPG¤A?PM
    OS?LRMSRGJGX?BMCCKOS?GQFMPŠPGMQCJCSRGJGX?BM
    /?P?MQ?RJCR?QBCAJGK?DPGM SK?KŠQA?P?D?AG?JNMBC?HSB?P??OSCACPC?SKGBG¤A?PM?PGL?J?BM?LRCQOSCCJCCLRPCL?Q
    TG?Q PCQNGP?R™PG?Q  B? K?LCGP? BCQAPGR? ?LRCPGMPKCLRC RJCR?Q OSC RPCGL?K CK PGLESCQ BC N?RGL?ŽM AM@CPRMQ BCTCK
    AMLQGBCP?P?DMLRCNMRCLAG?JBMQ?N?PCJFMQOSCNPMBSXCK?AM@CPRSP?BCECJM OSCJCQOSCQŽMA?PPCE?BMQCJCRPGA?KCLRC
    LŽMCHCR?KT?NMPAMKNMRCLAG?JN?P?NPMTMA?P?JCPEG?
    %GL?JKCLRC  M NP™NPGM RPCGL?KCLRM BC CVCPA”AGMQ NMBC ?HSB?P M RP?R?KCLRM B? ($ $K@MP? ? KCJFMP? B? ?NRGBŽM
    ?CP™@G? 5. KŠV  LŽM ASPC ? ($  CJ? BGKGLSG ? A?PE? TCLRGJ?R™PG? AMJMA?B? NMP OS?JOSCP ?RGTGB?BC D”QGA? N?P​RGASJ?P
    PCBSXGLBM?QQGK?NMQQG@GJGB?BCBCBCQCLA?BC?KCLRMBCSK?APGQCBC ($"MK?QCQRP?REG?QBCRP?R?KCLRM?NPMNPG?B?Q
    OSCGLAJSCKGLRCPTCLCQD?PK?AMJ™EGA?QCLŽMD?PK?AMJ™EGA?Q MQKBGAMQCQNCAG?JGQR?QCQRGK?KOSCB?QNCQQM?QOSC
    RCLF?K?NPCQCLR?BMQGLRMK?QBC ($NMQQ?KN?PRGAGN?P?RKCQKMBC?RGTGB?BCD”QGA?PGEMPMQ?CBCCQNMPRCQ

    ! 

    2D>2x42FD252A6=24@?EC2wv@5@E64:5@​>FD4F=2C=:D@5@DEF3@D3C@?BF:@=2C6DBF6=6G2>2@DAF=>‚6D
    =6C8y?:4@D6DA64{L4@D5:DA6CD@D?@2C:?DA:C25@5:DA2C2>@D6A:D5:@D2D>sE:4@D
    %2F>6?E@52@36D:5256:?72?E:=xA2C2=6=@2F>2:?4:5y?4:2>2:@C562D>24@?7@C>62AC6DDv@2F>6?E2A6=@6I46DD@56>2DD2
    4@CA@C2=C65FJ@5:t​>6​EC@52DG:2DC6DA:C2EC:2D
    D2DD@4:2w‚6D>x5:42DC64@>6?52>BF62BF6=6DBF6Ey>2D>2A2CE:4:A6>C68F=2C>6?E656F>AC@8C2>2566I6C4{4:@D26C3:@D
    A@562M:8:C>6D>@2BF6=6DBF6?v@E6?92>D:5@5:28?@DE:425@D4@>2D>2&2Cb:4F=2C>6?E6@6I6C4{4:@566?5FC2?46A@56
    42FD2CD:?E@>2D4@>@C6DA:C2wv@5:L4F=E@D249:25@6E@DD6
    x>2:DAC@A6?D22@4@CC6C6>:?DE2=2w‚6D6>BF6@D2=6C8y?:4@DDv@AC6G2=6?E6D4@>@@D42>A@D56;@8@D2@2C=:GC6@D
    C:?8F6D56A2E:?2wv@4@36CE@D62DA:D4:?2D4@36CE2D

    8014C4B<4;8C>44G4A2w28>

    .BG?@CRCQKCJGRM AF?K?BMQGKNJCQKCLRCBC49125D5C CQRŠAPCQACLBMP?NGB?KCLRCCKGLAGB‘LAG??MJMLEMBMNPMACQQM


    BM CLTCJFCAGKCLRM MS CK GBMQMQ B? K?GMPG? B?Q QMAGCB?BCQ MAGBCLR?GQ . BG?@CRCQ  SK? BMCL​? A?P?ARCPGX?B? NCJ?
    GLA?N?AGB?BCBMGL​BG​T”​BSMBCK?LRCPMQL”TCGQQ?LES”​LCMQBCEJGAMQCBCLRPMBMQJGKGRCQLMPK?GQ AMKMPCQSJR?BMBCSK?
    GLQS¤AG‘L^G? BM N‹L^PC?Q CK NPMBSXGP C QCAPCR?P M FMPKšLGM GLQSJGL? N?P? ? AMPPCLRC Q?LES”i C? RGNM   MS SK?
    QCLQG@GJGB?BCBGKGLS”​B?BMQRCAGBMQ ?JTM?MFMPKšLGM0, D”E?BMC​KžQASJMCQOSCJRGAM RGNM -MQ$4 ?GLAGB‘LAG?
    BCBG?@CRCQ?SKCLR?AMK?GB?BC%GESP? 3?JTCXQCH?K?GQ?J?PK?LRCMD?RMBCOSC?NPCT?J‘LAG?BMBG?@CRCQK?GQ
    OSCBM@PMSBCQBC KCQKMOS?LBM?QKSB?L?QBCKMEPŠ¤A?QQŽMJCT?B?QCKAMLR?$K MQ"CLRCPQDMP#GQC?QC
    "MLRPMJ?LB/PCTCLRGMLCQRGK?P?KOSCOS?QCB?NMNSJ?ŽMLMPRC ?KCPGA?L? MS KGJFCQBCNCQQM?Q NMBCPG?K
    QCP AMLQGBCP?BMQ BG?@RGAMQ "MLQML?LRCKCLRC  CQQ? A?J?KGB?BC PCNPCQCLR? SK? A?PE? ¤L?LACGP? QGELG¤A?RGT? N?P? M
    QGQRCK?BCQ?ž​BCBMN?”​Q JKB?BCQNCQ?​?LS?JBC@GJFCQAMKMQASQRMQKBGAMQBGPCRMQ?RPG@S”​BMQ?MRP?R?KCLRM
    BMBG?@CRCQ MQ"CLRCPQDMP#GQC?QC"MLRPMJ?LB/PCTCLRGMLCQRGK?KOSC4@GJFCQ?BGAGML?GQQCH?KNCPBGBMQAMKMQ
    ASQRMQGLBGPCRMQ AMKMD?JR?Q?MRP?@?JFM GLA?N?AGB?BCCKMPR?JGB?BCNPCAMAC
     N?P​RGASJ?PGB?BC OSC A?P?ARCPGX? M BG?@CRCQ  ? GLA?N?AGB?BC BM N?AGCLRC BC K?LRCP MQ L”TCGQ BC EJGAMQC Q?LES”​LC?
    BCLRPM BMQ JGKGRCQ LMPK?GQ (QQM NMBC QCP PCQSJR?BM B? GLA?N?AGB?BC BM N‹L​APC?Q CK NPMBSXGP C QCAPCR?P GLQSJGL? N?P? ?
    AMPPCLRCQ?LES”​LC? MOSCAMLFCAGBMAMKM49125D5CD9@? MSBG?@CRCQBCNCLBCLRCBCGLQSJGL?$QQ?BMCL​?R?K@K
    NMBC QCP A?SQ?B? NMP KCLMP QCLQG@GJGB?BC BMQ RCAGBMQ ?JTM ?M FMPKšLGM 0 ,  D”E?BM C ​KžQASJM CQOSCJRGAM  M OSC 
    AMLFCAGBMAMKM49125D5CD9@? MSBG?@CRCQLŽMBCNCLBCLRCBCGLQSJGL?$K?K@MQMQA?QMQ MPCQSJR?BMOSCMAMPNM
    NCPBC?A?N?AGB?BCBC?PK?XCL?PMQA?P@MGBP?RMQB?BGCR?LMRCAGBM ?JTMN?P?QCPSRGJGX?BMAMKMDMLRCBCCLCPEG?OS?LBM
    M ?SKCLRM B? ?RGTGB?BC KCR?@™JGA? M PCOSCPCP ​KžQASJM CQOSCJRGAM  MS N?P? QCP JG@CP?BM AMKM EJGAMQC N?P? ? AMPPCLRC
    Q?LES”​LC? OS?LBM QCSQ L”TCGQ DMPCK GL?BCOS?BMQ D”E?BM  2C LŽM RP?R?BM  M BG?@CRCQ NMBC PCQSJR?P CK AMKNJGA?CQ
    EP?TCQ  OSC GLAJSCK BMCL​? A?PB”?​A? C ?AGBCLRC ​T?QASJ?P CLACDŠJGAM  FGNCPRCLQŽM  ACESCGP?  BMCL​? PCL?J  BMCL​?Q BM
    QGQRCK?LCPTMQMCBMCL​?QBCLRŠPG?Q BMCL​?​T?QASJ?POSCDPCOSCLRCKCLRC?AMKN?LF?MBG?@CRCQNMBCQCPPCQNMLQŠTCJ
    NMPK?GQBCB?Q?KNSR?CQBMQKCK@PMQGLDCPGMPCQLŽMPCQSJR?LRCQBCRP?SK?QOSCQŽMPC?​JG​X?B?QLMQ$4 ?A?B?
    ?LM
    86DA0 &A4E0;u=2801ADC0409DBC030?>A83034340<4A820=>B3806=>BC8203>B2><38014C4B02030

    7018C0=C4B  34 


     0

     !IM ?HN?LM @IL !CM?;M? IHNLIF ;H> -LIN?=NCIH  !CMJIHP?F ?G


    BNNJ QQQ =>= AIP >C;<?N?M MN;NCMNC=M JL?P H;NCIH;F VA;A? BNG

    :236E6DE:A@
    RS?JKCLRC MBG?@CRCQBCNCLBCLRCBCGLQSJGL?AMPPCQNMLBC??BCRMBMQMQA?QMQBCBG?@CRCQLMQ$4 $QQCRGNM
    BC BG?@CRCQ  AF?K?BM ?JESK?Q TCXCQ BC YGLD?LRGJ^ NMPOSC QC K?LGDCQR? ECP?JKCLRC CK NCQQM?Q K?GQ HMTCLQ  CK@MP? ?Q
    NCQQM?QNMQQ?K?NPCQCLR?PMQNPGKCGPMQQGLRMK?QB?BMCL​?CKRMB?Q?QGB?BCQ NCQ?PB?RCLB‘LAG?APCQACLRCB?QAPG?L?Q
    BC?NPCQCLR?PMQQGLRMK?QBMBG?@CRCQRGNM MRGNMOSCAMLRPG@SGN?P??RBMQA?QMQBG?ELMQRGA?BMQBCBG?@CRCQ
    CKAPG?L?QC?BMJCQACLRCQ?A?B??LM$QQCQQGLRMK?QGLAJSCKNPMBSŽMBCSPGL?CVACQQGT?NMJGž​PG? ?žA?PL?SPGL?
    QCBCAMLQR?LRCC?žA?PQ?LES”​LCMCJCT?BMFGNCPEJGACKG? ?N™Q?GLECQRŽMBCSK?PCDCGŽM&CP?JKCLRC ?GLA?N?AGB?BC
    B?Q AJSJ?Q b N?LAPCŠ​RGA?Q BC QGLRCRGX?P GLQSJGL? PCQSJR? B? ?SRMGKSLGB?BC  CK OSC M QGQRCK? GKSLC BM NP™NPGM AMPNM
    GBCLRG¤A? CPPMLC?KCLRC CQQ?Q AJSJ?Q AMKM GLT?QMP?Q C ?Q BCQRP™G+ "MLQCOSCLRCKCLRC  BCTC QCP ?BKGLGQRP?B? GLQSJGL?
    CV™ECL?BCDMPK?PCESJ?P K?GQAMKSKCLRCNMPKCGMBCGLHCCQ K?Q CK?JESLQA?QMQ NMPSK?@MK@?GLDSQMP? JKB?
    RCP?NG? GLQSJ”LGA?  ?Q NCQQM?Q AMK BG?@CRCQ RGNM  BCTCK ?NPCLBCP ? AMLRPMJ?P ASGB?BMQ?KCLRC QS?Q BGCR?Q N?P? OSC MQ
    A?P@MGBP?RMQQCH?KAMLQSKGBMQPCESJ?PKCLRC?MJMLEMBMBG?"MKM?BTCLRMBMQKMLGRMPCQ@?P?RMQBCEJGAMQCQ?LES”​LC?
    ?SRMK?RGX?BMQ  MQ N?AGCLRCQ NMBCK  CJCQ KCQKMQ  KMLGRMP?P QCSQ L”TCGQ BC EJGAMQC N?P? ?HSQR?P ? RCP?NG? GLQSJ”LGA? C ?
    GLECQRŽMBGCRRGA?AMLDMPKCLCACQQŠPGM
    .?SKCLRMBMSQMBCEJGAMQCNCJMQ​KžQASJMQCKRP?@?JFMBSP?LRCMCVCPA”AGMNMBCJCT?PFGNMEJGACKG?C?QCSQCDCGRMQ
    L?N?PRCACLRP?JBMQGQRCK?LCPTMQM AMKMAMLDSQŽM NCPB?B?AMMPBCL?ŽMC?RKCQKMNCPB?BCAMLQAG‘L​AG?/MPA?SQ?
    BGQQM  KSGR?Q NCQQM?Q AMK BG?@CRCQ RGNM  CTGR?K MQ CQNMPRCQ C MQ CVCPA”AGMQ GLB? ?QQGK  ?NCQ?P B?Q PCQCPT?Q BC OSC M
    CVCPA”AGM NMQQ? BGKGLSGP GLBCTGB?KCLRC ? EJGAMQC Q?LES”​LC?  M CVCPA”AGM DMG RP?BGAGML?JKCLRC  C AML​RG​LS? QCLBM  SK
    AMKNMLCLRC TGR?J B? CQRP?REG? RCP?N‘SRGA? NPCQAPGR? N?P? NCQQM?Q AMK BG?@CRCQ $K QCS NMQGAGML?KCLRM M¤AG?J K?GQ
    PCACLRC QM@PC CQQC ?QQSLRM  ? KCPGA?L #G?@CRCQ QQMAG?RGML BCAJ?P? OSC YRMBMQ MQ L”TCGQ BC ?RGTGB?BC D”QGA?  GLAJSGLBM
    ?RGTGB?BCQ BC J?XCP  CQNMPRCQ PCAPC?RGTMQ C ? PC?​JG​X?ŽM NPM¤QQGML?J AMKNCRGRGT?  NMBCK QCP PC?
    gGu?BMQ NMP NCQQM?Q AMK
    BG?@CRCQRGNMOSCLŽM?NPCQCLRCKAMKNJGA?CQCOSCRCLF?KSK@MKAMLRPMJCB?EJGAMQCQ?LES”​LC?^
    $K@MP?RMBMQMQRGNMQBC?RGTGB?BCQCH?KCLAMP?H?BMQ ?QBGDCPCLRCQBCK?LB?QCLCPERGA?QBMQTŠPGMQCTCLRMQCQNMPRGTMQ
    PCOSCPCKOSC?QKCBGB?QRMK?B?QN?P?PCESJ?P?EJGAMQCQ?LES”​LC?QCH?K?B?NR?B?QQBGDCPCLRCQBCK?LB?Q/MPCVCKNJM
    N?P? K?LRCP ?Q AMLBGCQ LMPKMEJGA‘KGA?Q BSP?LRC ?Q ?RGTGB?BCQ BC ,5+<9(5*, BC GLRCLQGB?BC KMBCP?B?  AMKM AMPPGB?
    AGAJGQKMCL?R?ŽM ?QBMQCQBCGLQSJGL?BCTCKQCPPCBSXGB?QCA?P@MGBP?RMQBCTCKQCPGLECPGBMQ?LRCQBMCVCPA”AGM(QQM
    QCPTCN?P?AMKNCLQ?PMBCAJ”LGMB?EJGAMQCQ?LES”​LC?OSCMAMPPCBSP?LRCMCVCPA”AGMAMLDMPKCMQ​KžQASJMQCKRP?@?JFM
    A?NR?K M ?žA?P Q?LES”​LCM ? SK? R?V? OSC CVACBC ? R?V? BC JG@CP?ŽM BC EJGAMQC BM D”E?BM N?P? M Q?LESC 3?K@K 
    GKNMPR?LRC KMLGRMP?P ? EJGAMQC Q?LES”​LC? ?N™Q M CVCPA”AGM C  QC LCACQQŠPGM  AMLQSKGP A?P@MGBP?RMQ ?BGAGML?GQ  HŠ OSC ?
    FGNMEJGACKG?NMBCNCPQGQRGPAMKMBG?@CRCQRGNMNMP?RRP‘QFMP?Q?N™QMCVCPA”AGM/MPMSRPMJ?BM OS?LBMPC?​JG​X?BM
    CVCPA”AGM BC ?JR? GLRCLQGB?BC C BSP?ŽM KCLMP   5. KŠV  MQ ?RJCR?Q AMK BG?@CRCQ BCNCLBCLRC BC GLQSJGL?
    CVNCPGKCLR?KL”TCGQ?SKCLR?BMQBC?žA?PQ?LES”​LCM$QQ?FGNCPEJGACKG?R?K@KNPCMASN?LRCCSK?AMLQC​OS‘LAG?
    B?NPMBSŽMFCNŠRGA?BCEJGAMQC?SKCLR?B?CBMCQR”KSJMB?JG@CP?ŽMNCJ?QAMLACLRP?CQ?SKCLR?B?QBCAMPRGQMJCBC
    A?RCAMJ?KGL?Q OSC?AMKN?LF?KMCVCPA”AGMBCGLRCLQGB?BCK?GMP$QQ?FGNCPEJGACKG?K?GQCTGBCLRC?N™QMCVCPA”AGM
    OS?LBMMQ​KžQASJMQLŽMCQRŽMK?GQSRGJGX?LBM?EJGAMQCCKR?V?QCJCT?B?Q K?QMQCDCGRMQB?QA?RCAMJ?KGL?QCBMAMPRGQMJ
    ?GLB? CQRŽM A?SQ?LBM SK? JG@CP?ŽM BC EJGAMQC N?P? ? AMPPCLRC Q?LES”​LC? ?AGK? BM LMPK?J 2M@ CQQ?Q AMLBGCQ  
    ?BCOS?BM?BKGLGQRP?PSK?NCOSCL?BMQCBCGLQSJGL??N™QMCVCPA”AGMCCTGR?P?GLECQRŽMBCA?P@MGBP?RMQLCQQCKMKCLRM
    "MKM?Q@PGLA?BCGP?QCQNMLR‹LC?QB?QAPG?L?Q ?K?GMPG?BMQCQNMPRCQPC?​JG​X?BMQNMP?BMJCQACLRCQCNMP?BSJRMQHMTCLQ
    ?NPCQCLR?KNCOSCL?QCVNJMQCQBCCQDMPMKŠVGKMGLRCPA?J?B?QNMPNCP”M​BMQK?GMPCQBC?RGTGB?BCBCGLRCLQGB?BCQS?TC?
    KMBCP?B? $QQC CVCPA”AGM GLRCPKGRCLRC  BC ?JR? GLRCLQGB?BC  CVCKNJG¤A?BM NMP ?JESLQ BMQ CQNMPRCQ K?GQ NMNSJ?PCQ  OSC
    GLAJSCKMDSRC@MJ M@?QOSCRC MP?OSCRC@MJCRA2?@CKMQPCJ?RGT?KCLRCNMSAMQM@PCAMKMCQQCRGNMBCCVCPA”AGMKMBG¤A?
    MQ L”TCGQ BC EJGAMQC Q?LES”​LC? $LRPCR?LRM  MQ NMSAMQ PCQSJR?BMQ BGQNML”TCGQ QSECPCK OSC  NMP A?SQ? B? GL​¥S‘L^G? BMQ
    FMPKšLGMQ NPMBSRMPCQ BC EJGAMQC 0 ,  A?RCAMJ?KGL?Q  EJSA?EML  AMPRGQMJ  OSC QŽM JG@CP?BMQ BSP?LRC MQ KMKCLRMQ BC
    ?RGTGB?BC BC ?JR? GLRCLQGB?BC  ? FGNMEJGACKG? LŽM N?PCAC QCP SK? NPCMASN?ŽM BSP?LRC MS ?N™Q M CVCPA”AGM
    "MLQCOSCLRCKCLRC ?AMLQCJF?BMOSC CKAMKN?P?ŽMAMKMCVCPA”AGMBCGLRCLQGB?BCKMBCP?B? LŽMFŠLCACQQGB?BCBC
    ?JRCP?P?BMQCBCGLQSJGL??LRCQBMCVCPA”AGMMSMAMLQSKMBCA?P@MGBP?RMQN?P?K?LRCPMQT?JMPCQBCEJGAMQC?BCOS?BMQ
    BSP?LRC C ?N™Q M CVCPA”AGM GLRCPKGRCLRC C BC ?JR? GLRCLQGB?BC $LRPCR?LRM  A?B? ?RJCR? BCTC AMLQSJR?P QCS KBGAM C
    RPCGL?BMP C ?NPCLBCP AMK ? CVNCPG‘LAG? OS?GQ N?QQMQ BCTCK QCP RMK?BMQ N?P? K?LRCP MQ L”TCGQ BC EJGAMQC Q?LES”​LC?
    BSP?LRCC?N™QMCVCPA”AGM
    Q NCQQM?Q AMK BG?@CRCQ RGNM  BCQDPSR?K BC KSGRMQ @CLCD”AGMQ QM@PC ? Q?ž​BC AMKM PCQSJR?BM BM RPCGL?KCLRM D”QGAM
    GLAJSGLBM KCJFMP? LMQ NCP¤Q BC JGN”BGMQ Q?LES”i CMQ  KCLMP NPCQQŽM ?PRCPG?J  KCJFMP? B? ?NRGBŽM A?PBGMT?QASJ?P C  ?R
    KCQKM  @CK CQR?P NQGAMJ™EGAM $LRPCR?LRM  M RPCGL?KCLRM BC CVCPA”AGMQ LŽM KCJFMP? BGPCR?KCLRC ? A?N?AGB?BC
    EJGAMPPCESJ?R™PG?BMAMPNM.SQCH? GLBCNCLBCLRCKCLRCBMCQR?BMBCRPCGL?KCLRM ?QNCQQM?QAMKBG?@CRCQRGNMQCKNPC
    RCPŽMOSCRMK?PGLQSJGL?CV™ECL? M@QCPT?PASGB?BMQ?KCLRCMOSCAMKCKCKMLGRMP?PQCSQL”TCGQBCEJGAMQCQ?LES”​LC? Q
    BGPCRPGXCQB? KCPGA?L#G?@CRCQ QQMAG?RGMLN?P??PCESJ?ŽMB?EJGAMQCN?P?NCQQM?Q¤QGA?KCLRC?RGT?QCQRŽMKMQRP?B?QLM
    !MVC

    !&   -, 


    1:-<:1B-;8):))2=,):):-/=4):):-;87;<)/41+f51+)b)<1>1,),-.h;1+)
    -6<:-8-;;7);+75,1)*-<-;<187
     "MLRPMJCKCR?@™JGAM?LRCQB??RGTGB?BCD”QGA?
    ? $TGRC ? ?RGTGB?BC D”QGA? QC MQ L”TCGQ BC EJGAMQC CK HCHSK DMPCK   KE \ BlZ C QC FMSTCP ACRMQC C RCLF?
    ASGB?BMQCMQL”TCGQBCEJGAMQCDMPCKKE\BlZCLŽMFMSTCPACRMQC
    @ (LEGP?A?P@MGBP?RMQ?BGAGML?GQQCMQL”TCGQBCEJGAMQCDMPCKKE\BlZ
     ,MLGRMP?KCLRMB?EJGAMQCQ?LES”​LC??LRCQC?N™Q??RGTGB?BCD”QGA?
    ? (BCLRG¤OSCOS?LBMQŽMLCACQQŠPG?QKSB?L?QL?GLQSJGL?MSLMAMLQSKMBC?JGKCLRMQ
    @ NPCLB??PCQNMQR?EJGA‘KGA?QBGDCPCLRCQAMLBGCQBC?RGTGB?BCD”QGA?
     "MLQSKMBC?JGKCLRMQ
    ? "MLQSK?A?P@MGBP?RMQ?BGAGML?GQAMLDMPKCDMPLCACQQŠPGMN?P?CTGR?P?FGNMEJGACKG?
    @ .Q ?JGKCLRMQ PGAMQ CK A?P@MGBP?RMQ BCTCK CQR?P NPMLR?KCLRC BGQNML”TCGQ BSP?LRC MS ?N™Q SK? ?RGTGB?BC
    D”QGA?

    1CGKNPCQQM AMK ? NCPKGQQŽM BC /FWQGA?J ARGTGRW$VCPAGQC ?LB #G?@CRCQ  ? NMQGRGML QR?RCKCLR @W RFC KCPGA?L #G?@CRCQ
    QQMAG?RGML#G?@CRCQ"?PC2SNNJ 2Z2
    :236E6DE:A@
    $QQCRGNMBCBG?@CRCQGBCLRG¤A?BMNPGLAGN?JKCLRCNCJ?KCLMPQCLQG@GJGB?BCGLQSJGL?BM h žQASJMCQOSCJRGAMCBMRCAGBM
    FCNŠRGAM @CKAMKMSK?A?N?AGB?BCNPCHSBGA?B?BMN‹L​APC?QCKQCAPCR?P?GLQSJGL?.BG?@CRCQRGNMAMLRPG@SGN?P??
    BCRMBMQMQA?QMQBCBG?@CRCQBG?ELMQRGA?BMQLMQ$4 ?A?B??LM3P?BGAGML?JKCLRC CQQCBG?@CRCQLŽMBCNCLBCLRCBC
    GLQSJGL?R?K@KRCKQGBMAF?K?BMBCBG?@CRCQY?BSJRM^NMPOSC?K?GMPG?BMQN?AGCLRCQBG?ELMQRGA?BMQAMKCJCRCK NCJM
    KCLMQ ?LMQBCGB?BC$K@MP?MQžJRGKMQ??LMQRCLF?KRCQRCKSLF?BMSK?SKCLRMNPMLSLAG?BML?GLAGB‘LAG?
    BC BG?@CRCQ RGNM  CK APG?L?Q C ?BMJCQACLRCQ  M BG?@CRCQ RGNM  ?GLB? AMKNPCCLBC ?R  BMQ A?QMQ BG?ELMQRGA?BMQ
    AJGLGA?KCLRCL?OSCJ?QNMNSJ?CQ
    . ?SKCLRM K?PA?LRC BM BG?@CRCQ RGNM  LMQ $4  C ?M PCBMP BM KSLBM BSP?LRC ?Q žJRGK?Q BS?Q MS RP‘Q BA?B?Q DMG
    AF?K?BMBCYCNGBCKG?^NMP?JESLQCTGQRMAMK?J?PKCNCJMQCQNCAG?JGQR?QKBGAMQCBCASGB?BMAMK?Q?ž​BC$QRGK? QC
    OSC NMPTMJR?BM?LM K?GQBCKGJFCQBCNCQQM?QRCPŽMBG?@CRCQRGNM(QQMKSGRMNPCMASN?LRCNMPOSCCQQ?
    BMCL​? CQRŠ ?QQMAG?B? ? R?V?Q CJCT?B?Q BC KMPR?JGB?BC C BC QPG?Q KMP@GB?BCQ  AMKM ACESCGP?  GLQS¤AG‘L^G? PCL?J
    LCSPMN?RG?CAMKNJGA?CQT?QASJ?​PCQOSCNMBCKA?SQ?PBMCL​?A?PBGMT?QASJ?P!MVC 

    ,4&   <
    76;-​9=f6+1);,7,1)*-<-;<187 ,-;+76<:74),7
    Q AMLQC​OS‘LAG?Q N?P? ? Q?ž​BC BC RCP BG?@CRCQ RGNM  BCQAMLRPMJ?BM NMBCK QCP CVRPCK?KCLRC BGTCPQ?Q C  ?JESK?Q
    TCXCQ  D?R?GQ /MP CVCKNJM  ACESCGP?  D?JR? BC QCLQ?ŽM N?P​RGASJ?P​KCLRC L?Q CVRPCKGB?BCQ  E?LEPCL? C ? PCQSJR?LRC
    ?KNSR?ŽMBMQKCK@PMQ GLD?PRMBMKGMAŠPBGMCBCPP?KCQNMBCKPCQSJR?PBCSKBG?@CRCQRGNMLŽM?BKGLGQRP?BM
    "MKMNMBCKR?LR?QBMCL​?QOSCN?PCACKBGDCPCLRCQRCPP?”​XCQL?KCQK?BMCL​?.NPM@JCK?OSC QCM?žA?P
    Q?LES”​LCM NCPK?LCACP AMLQR?LRCKCLRC CJCT?BM NMP NCP”M​BMQ NPMJMLE?BMQ BC RCKNM  CJC NMBC QC ?ASKS​J?P C
    B?LG¤A?PMQGQRCK?q?QASJ?PCMQLCPTMQ0S?GQOSCPRCAGBMQC™PEŽMQOSCQCH?KBCNCLBCLRCQBCQSNPGKCLRMQ?LES”*
    LCM ?BCOS?BM C B?Q GLDMPK?CQ LCSP?GQ BMQ T?QMQ C LCPTMQ @JMOSC?BMQ QMDPCPŽM B?LMQ C NMBCK QC RMPL?P
    BGQDSLAGML?GQ

    %(5,'$'(&1/1)$614'(4,5&1
    .APCQAGKCLRMB?NPCT?J‘LAG? BMBG?@CRCQRGNM  N?P?JCJM ?M B? M@CQGB?BCCK L?CQ KMBCPL?QCGLBSQRPG?JGX?B?Q#C
    D?RM ?M@CQGB?BCAMLQGBCP?B?SKD?RMPBCPGQAMBCBCQR?OSCN?P?MBCQCLTMJTGKCLRMB?BMCL​? N?P​RGASJ?P​KCLRCBCTGBM
    KCLMPA?N?AGB?BCBMN‹L​APC?QCKNPMBSXGPCJG@CP?PGLQSJGL?(QQMCQRŠPCJ?AGML?BMAMKMD?RMBCOSCMRCAGBM?BGNMQM
    CQNCAG?JKCLRC?EMPBSP?TGQACP?J QCAPCR?AGRMAGL?QNPMGL¥?K?R™PG?Q0, 3-% a (+  (+  OSCBCQRPMCK?QAJSJ?Qb
    N?LAPCŠ​RGA?QOSCQGLRCRGX?K?GLQSJGL?%MGCQRGK?BMOSCK?GQB?KCR?BCB?QAJSJ?QbBMAMPNMRCLF?KQGBMCPP?BGA?B?Q
    ?RMKMKCLRMCKOSCMN?AGCLRCBG?ELMQRGA?BMAMKMBG?@CRCQRGNM
    JKB?PCBSŽMB?NPMBSŽMBCGLQSJGL? NCQQM?QAMKBG?@CRCQRGNM?NPCQCLR?KKCLMPQCLQG@GJGB?BCBMRCAGBM ?JTM
    GLQSJGL?AGPASJ?LRCL?AMPPCLRCQ?LES”​LC?(QQMN?P​RGASJ?P​KCLRCTCPB?BCGPMN?P?MD”E?BMCM​KžQASJMCQOSCJRGAM MQBMGQ
    NPGLAGN?GQJMA?GQBC?PK?XCL?KCLRMBCA?P@MGBP?RMQ0, EJGAME‘LGM  M@CQGB?BC CQNCAG?JKCLRCCLRPCNCQQM?QAMKSK?
    BCNMQGŽMY?LBPMGBC^BCEMPBSP? PCQSJR?LBMCKSK??N?P‘LAG?BCYK?Ž^CKTCXBCYNCP?^ R?K@KSKNPGLAGN?JD?RMP
    BC PGQAM LCQQ? PCQGQR‘LAG?  GLQSJGL? /?PCAC OSC  BCTGBM ?MQ ?JRMQ L”TCGQ BC ŠAGBMQ EP?VMQ JGTPCQ JG@CP?BMQ NCJ? EMPBSP?
    TGQACP?JN?P??AGPASJ?ŽM ?JESLQBCJCQQŽMBCNMQGR?BMQL?QAJSJ?QBMD”E?BMFCN?R™AGRMQ CBM​KSQASJMCQOSCJRGAMKG™​
    AGRMQ  (QQM NPMTMA? SK? PCQNMQR? ?RCLS?B?  GLQSJGL? L?OSCJCQ ™PEŽMQ NCJ? NCPRSP@?ŽM B?Q TG?Q BC QGL?JGX?ŽM
    GLRP?ACJSJ?P /CQOSGQ?QBCKMLQRP?P?KOSC?QPCBSCQB?EMPBSP?AMPNMP?JNMBCKBGKGLSGP?PCQGQR‘LAG?GLQSJGL?
    $KSKRP?@?JFMDMGBCQAPGRMOSC CKNCQQM?QM@CQ?QAMKBG?@CRCQRGNM ?PCBSŽMBCKCPMQLMNCQMAMPNMP?JNPMBSX
    SK? KCJFMP? BC K?GQ BC  L? QCLQG@GJGB?BC  GLQSJGL?  CK@MP? MSRPMQ CQRSBMQ RCLF?K KMQRP?BM PCQNMQR?Q KCLMQ
    NPMLSLAG?B?Q$LRŽM N?PCACOSC?M@CQGB?BCSKD?RMPN?P?MBCQCLTMJTGKCLRMR?LRMB?KCLMPQCLQG@GJGB?BCBMRCAGBM
    ?JTMGLQSJGL?OS?LRMB?NPMBSŽMJGKGR?B?BCGLQSJGL?NCJMN‹L​APC?QOSCA?P?ARCPGX?MBG?@CRCQRGNM3?K@KCQRŠAJ?PM
    OSC?PCBSŽMBMRCMPBCEMPBSP? N?P​RGASJ?P​KCLRCB??BGNMQGB?BCTGQACP?J SK?GLRCPTCLŽMLŽMD?PK?AMJ™EGA?CDCRGT?
    LMRP?R?KCLRMCL?NPCTCLŽMBCQQ?BMCL​?APCQACLRCKCLRCAMKSK

    $.6$'($6,8,'$'()b5,&$&1/17/)$614'(4,5&1
    D?JR?BC?RGTGB?BCD”QGA?MQCESLBMNPGLAGN?JD?RMPBCPGQAMN?P?M?N?PCAGKCLRMBCBG?@CRCQRGNM OSC ?MAMLRPŠPGMBM
    BG?@CRCQRGNM QCBCQCLTMJTCEP?BS?JKCLRC?MJMLEMBMRCKNM"MK?M@CQGB?BC ?RCLB‘LAG?APCQACLRCB?NPCT?J‘LAG?BC
    BG?@CRCQLŽMBCNCLBCLRCBCGLQSJGL?CQRŠ?QQMAG?B??MBCAJ”LGMEP?​BS?JCQGELG¤A?RGTML?OS?LRGB?BCC?RGTGB?BCD”QGA?BGŠ*
    PG? PCJ?ŽM@?QCG? QCLMD?RMBCOSC AMKM?GLQSJGL? ??RGTGB?BCAMLRPŠRGJ​KSQASJ?PPCAPSR?MQRP?LQNMPR?BMPCQ&+43
    N?P??KCK@P?L?B?¤@P? h SQASJ?P D?AGJGR?LBM?A?NR?ŽMBCEJGAMQCBMQ?LESCN?P?M h žQASJMCKRP?@?JFM#CD?RM M
    CDCGRMB?QAMLRP?CQ​KSQASJ?​PCQQM@PC?A?NR?ŽMBCEJGAMQCNCPQGQRCNMP?RF?N™QM¤KBMCVCPA”AGM JKBGQQM M
    RPCGL?KCLRMBCCVCPA”AGMQ?JMLEMNP?XM?SKCLR?MLžKCPMRMR?JBCRP?LQNMPR?BMPCQPCQGBCLRCQL?Q¤@P?Qh SQASJ?mCQOSC
    NMBCK QCP PCAPSR?BMQ N?P? M Q?PAMJCK? KCK@P?L?  BSP?LRC SK? QCQQŽM ?ESB? BC CVCPA”AGMQ  NPMKMTCLBM ?QQGK SK?
    A?NR?ŽMRMR?JBCEJGAMQCK?GMPBSP?LRCC?N™QMCVCPA”AGM,?GQPCACLRCKCLRC DMGBCKMLQRP?BMOSC BMKCQKMKMBM
    OSC M CVCPA”AGM BC ,5+<9​(5*,  M RPCGL?KCLRM BC PCQGQR‘LAG? JCT?LR?KCLRM BC NCQM  R?K@K ?SKCLR? CDCRGT?KCLRC ?
    A?NR?ŽMBCEJGAMQCNCJMQ​KžQASJMQCKAMLRP?ŽM#CTGBMQCLQG@GJGB?BC?SKCLR?B?BM​KžQASJMCQOSCJRGAMGLQSJGL?
    GLBSXGB?NCJ??RGTGB?BCAMLRPŠRGJ MCVCPA”AGMR?K@KBGKGLSGMRP?@?JFMB?QAJSJ?QbN?LAPCŠ​RGA?QBCNPMBSXGPGLQSJGL?L?
    RCLR?RGT?BCK?LRCPMQL”TCGQ?BCOS?BMQBC?žA?PQ?LES”​LCM

    $614(5'(4,5&1$',&,10$,5
    JKB?M@CQGB?BCCB?GL?RGTGB?BCD”QGA? MSRPMQD?RMPCQBCPGQAMGKNMPR?LRCQNMBCKNPCBGQNMPNCQQM?Q?M?N?PCAGKCLRM
    BMBG?@CRCQRGNM/MPCVCKNJM MFGQR™PGAMD?KGJG?PDMGGBCLRG¤A?BMAMKMSKD?RMPBCPGQAMLŽMKMBG¤AŠTCJ BCKMBMOSC
    ?RB?QNCQQM?Q?¥GEGB?QNCJ?BMCL≠??AMKN?PRGJF?KAMKNCJMKCLMQSKN?PCLRCGKCBG?RM$K@MP?MQFŠ@GRMQBC
    CQRGJM BC TGB? AMKSLQ ?MQ KCK@PMQ B? D?K”JG? NMQQ?K QCP N?PAG?JKCLRC PCQNMLQŠTCGQ NMP GQQM  SK DMPRC AMKNMLCLRC
    ECLRGAMN?PCACRCPSKCDCGRMGLBCNCLBCLRCBMAMKNMPR?KCLRMCBMCQRGJMBCTGB?
    CRLG?R?K@KAMLRPG@SGN?P??GLAGB‘LAG?BCBG?@CRCQLŽMBCNCLBCLRCBCGLQSJGL? QNCQQM?QOSCQŽMN?P​RGASJ?P​KCLRC
    TSJLCPŠTCGQQŽMMQLMPRC ?KCPGA?LMQL?RGTMQ QCESGBMQNCJMQ?DPM ?KCPGA?LMQCNCJMQFGQN‹LGAMQ?KCPGA?LMQ$LRPCR?LRM
    ?BMCL​?DMGGBCLRG¤A?B?CKRMBMQMQEPSNMQRLGAMQ GLAJSGLBMMQA?SA?QG?LMQCMQ?QGŠoGAMQ?KCPGA?LMQ
    .QB?BMQQSECPCKOSC CK?BSJRMQ MQCVMLŽMPCNPCQCLR?LCLFSKN?NCJL?MAMPP‘LAG?BMBG?@CRCQGQQMTCPB?BCGPM
    N?P?RMBMQMQEPSNMQCLRPCC?LMQ$LRPCR?LRM CKKCLMPCQ N?PCACOSC?QE?PMR?QQŽMK?GQNPMNCLQ?Q?MBG?@CRCQ
    RGNMBMOSCMQE?PMRMQ$K?BSJRMQCCKKCLMPCQ ?GLAGB‘LAG?B?BMCL​??SKCLR?AMK?GB?BC

    9(4&b&,1(',$%(6(56,21
    M AMLRPŠPGM BM BG?@CRCQ RGNM   CK OSC M CVCPA”AGM NMBC BCQCKNCLF?P SK N?NCJ BC ?NCL?Q ?BKGLGQRP?P ? BMCL​?  M
    BG?@CRCQ RGNM  NMBC LŽM Q™ QCP RP?R?BM  AMKM R?K@K CTGR?BM AMK M CVCPA”AGM "MKM HŠ KCLAGML?BM  M CVCPA”AGM
    ?SKCLR? ? QCLQG@GJGB?BC BM RCAGBM ?JTM  GLQSJGL?  ?SKCLR?LBM BCQQC KMBM ? A?NR?ŽM B? EJGAMQC Q?LES”​LC?
    "MLQML?LRCKCLRC  M CVCPA”AGM PCBSX M CQRPCQQC BM N‹L​APC?Q N?P? NPMBSXGP OS?LRGB?BCQ CVRP?MPBGLŠPG?Q BC GLQSJGL? L?
    RCLR?RGT?BCAMKNCLQ?P?QS?PCQGQR‘LAG?.SRPMQ@CLCD”AGMQOSCNMBCKQCP?ASKS​J?BMQNCJMRPCGL?KCLRMBCCVCPA”AGMCQRŽM
    PCJ?AGML?BMQ AMK MQ D?RMPCQ BC PGQAM A?PBGMT?QASJ?PCQ AMKSKCLRC ?QQMAG?BMQ ?M BG?@CRCQ RGNM  2CQQCQ PCESJ?PCQ BC
    CVCPA”AGM ?CP™@GM ?HSB?K ? PCBSXGP ? FGNCPRCLQŽM  MQ NCP¤Q PSGLQ BC JGN”BGMQ Q?LES”i CMQ 0 ,  AMJCQRCPMJ C RPGEJGACP”BCMQ
    CJCT?BMQ C?AMKNMQGŽMAMPNMP?JPSGKGBCLRG¤A?BMQCLRPCGL _ Gq”_ SMQAMKBG?@CRCQRGNM#CD?RM MPGQAMBCKMPRCNMP
    BMCL​?Q A?PBGMT?QASJ?PCQ C QS?Q AMKNJGA?CQ  OS?RPM TCXCQ K?GMP LMQ BG?@RGAMQ BM OSC L? NMNSJ?ŽM CK ECP?J %MG
    CQRGK?BMOSC?GLAJSQŽMBC?RGTGB?BCD”QGA?PCESJ?PAMKMN?PRCBCSKCQRGJMBCTGB?K?GQQ?SBŠTCJNMBCBGKGLSGPMPGQAMCK
    K?GQBC
    0S?J NPMEP?K? BC CVCPA”AGMQ BCTCPG? QCP GLAJS”​BM N?P? NCQQM?Q AMK BG?@CRCQ RGNM  $VCPA”AGM ?CP™@GM  OSC NMBC
    AMLRPMJ?PC¤AGCLRCKCLRC?NPCQQŽM?PRCPG?JCMQJGN”BGMQQ?LES”i CMQ @CKAMKMK?LRCPMNCQMC?AMKNMQGŽMAMPNMP?GQ 
    SKAMKNMLCLRCCQQCLAG?J"MKM??RGTGB?BCAMLRPŠRGJPCNCRGRGT?PCAPSR?MQRP?LQNMPR?BMPCQ&+43N?P?MQ?PAMJCK?NMP
    ?NCL?QF?N™QMCVCPA”AGM MCVCPA”AGMBC,5+<9(5*,BCTCQCPPC?​JG​X?BMPCESJ?PKCLRC GLRCPPMKNGBMNMPLŽMK?GQBC
    BG?Q"MKM?LCSPMN?RG?OSC?AMKN?LF?KSGR?QTCXCQMBG?@CRCQRGNMNMBCNPCHSBGA?P?QCLQG@GJGB?BCLMQNQ MOSCNMBC
    PCQSJR?PCKB?LMQ?CJCQ QŠ@GMGLAJSGPCVCPA”AGMQQCKQSQRCLR?ŽMBCNCQM AMKM?L?R?ŽMCMAGAJGQKM"MKM?QNCQQM?Q
    AMK BG?@CRCQ LŽM BCNCLBCLRCQ BC GLQSJGL? RCLBCK ? RCP @?GV? ?NRGBŽM D”QGA?  SK NPMEP?K? GLGAG?J BCTC ?NPCQCLR?P
    GLRCLQGB?BCQ RŽM @?GV?Q OS?LRM  BM 5. KŠV CK QCSQ CQRŠEGMQ GLGAG?GQ /MPK  AMLDMPKC ? ?NRGBŽM A?PBGMT?QASJ?P
    NPMEPGBC  ? GLRCLQGB?BC B?Q QCQQCQ NMBC QCP ?SKCLR?B? EP?BS?JKCLRC N?P?  ?  BM 5. KŠV QQGK AMKM ?
    GLRCLQGB?BC ?BSP?ŽMB?QQCQQCQGL​BG​TG​BS?GQBCTCQCP?BCOS?B?N?P??@?GV??NRGBŽMD”QGA?GLGAG?JM@QCPT?B?CKNCQQM?Q
    AMK BG?@CRCQ C AMKC?P AMK  ?  KGL "MK M RCKNM  C AMLDMPKC ? ?NRGBŽM D”QGA? KCJFMP?  ?Q QCQQCQ BCTCK RCP
    BSP?ŽMBC NCJMKCLMQ KGL C QC?PCBSŽMBCNCQMDMPMNPGLAGN?JM@HCRGTM CLRŽMQŽM?NPMNPG?B?QQCQQCQBCKGL
    AMKGLRCLQGB?BC@?GV??KMBCP?B?
    .RPCGL?KCLRMBCPCQGQR‘LAG?R?K@KBCTCQCPGLAJS”​BMCKNPMEP?K?QBCAMLBGAGML?KCLRMD”QGAM HŠOSCDMGKMQRP?BM
    OSC CJC PCAPSR? CDCRGT?KCLRC MQ RP?LQNMPR?BMPCQ &+43  C ?SKCLR? ? A?NR?ŽM BC EJGAMQC JK BGQQM  CJC ?SKCLR? ?
    K?QQ? ​KSQASJ?P C ? A?N?AGB?BC BC ?PK?XCL?P A?P@MGBP?RMQ  KCJFMP?LBM ?QQGK ? PCESJ?ŽM B? EJGAMQC Q?LES”​LC? .
    KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC PCAMKCLB? OSC NCQQM?Q AMK BG?@CRCQ RGNM  PC?JGXCK RPCGL?KCLRM BC PCQGQR‘LAG?
    NCJM KCLMQ  TCXCQQCK?L? 3?K@K  QSECPGBM OSC A?B? QCQQŽM BC JCT?LR?KCLRM BC NCQM ?NPCQCLRC  ?  CVCPA”AGMQ
    CLTMJTCLBM MQ EP?LBCQ EPSNMQ ​KSQASJ?​PCQ  AMK  NCJM KCLMQ  SK? QPGC NMP CVCPA”AGM AMKNMQR? NMP  ?  PCNCRGCQ
    AMKNJCR?Q?RMNMLRMNP™VGKMD?BGE?  KCPGA?L#G?@CRCQ QQMAG?RGML CLOS?LRMR?K@KPCAMKCLB?MQCVCPA”AGMQBC
    RPCGL?KCLRMBCPCQGQR‘LAG?OSCCQRGKSJ?KRMBMQMQNPGLAGN?GQEPSNMQ​KSQASJ?​PCQ NPCDCPCOSCQCH?KPC?​JG​X?B?QRP‘QQCQQCQ
    NMP QCK?L?  AMK M LžKCPM BC QPGCQ ?SKCLR?LBM N?P? RP‘Q QPGCQ NMP CVCPA”AGM  AMK A?B? QPGC AMLQGQRGLBM CK  ? 
    PCNCRGCQ K@?Q?QMPE?LGX?CQCLD?RGX?KOSC ?LRCQBCGLGAG?PSKPCEGKCBCRPCGL?KCLRMBCCVCPA”AGMQ MQN?AGCLRCQ
    AMKBG?@CRCQRGNMBCTCKN?QQ?PNMPSK??T?JG?ŽMKBGA?PGEMPMQ?

    )w=3A><4<4C01{;820

    (LRGK?KCLRCPCJ?AGML?B?AMKMBG?@CRCQRGNMCQRŠSK?AMLBGŽMAF?K?B?BCCo>4B?=5=5D12s<931 MSQ”LBPMKCV$J?
    A?P?ARCPGX?B?NCJ?NPCQCL?BCSKLžKCPMBCBMCL​?QGLRCP PCJ?AGML?B?Q K?Q?QNPGLAGN?GQCLRPCCJ?QQŽM?M@CQGB?BC ?
    FGNCPRCLQŽM  NCP¤J JGN”BGAM Q?LES”i CM PSGK C ? PCQGQR‘LAG?  GLQSJGL? . ?AžKSgM BCQQ?Q ?JRCP?CQ ?SKCLR? M PGQAM BM
    BCQCLTMJTGKCLRM BC BMCL​?Q A?PBGMT?QASJ?PCQ CMS BC BG?@CRCQ RGNM  1C?JKCLRC  ?Q CQR?R”QRGA?Q GLBGA?K OSC FMKCLQ C
    KSJFCPCQAMKQ”LBPMKCKCR?@™JGA?R‘KK?GQBMOSCMBM@PMB?NPM@?@GJGB?BCBCKMPPCPBCBMCL​?QA?PBGMT?QASJ?PCQBM
    OSCNCQQM?QQCKCJ? Q”LBPMKCKCR?@™JGA??SKCLR??NPM@?@GJGB?BCBMBCQCLTMJTGKCLRMBCBG?@CRCQRGNMCKK?GQBC
    LMTC TCXCQ  GLAGB‘LAG? B? Q”LBPMKC KCR?@™JGA? CVN?LBGS P?NGB?KCLRC BSP?LRC ?Q žJRGK?Q BS?Q MS RP‘Q BA?B?Q C
    CQRGK? QCOSC ?RS?JKCLRC B?QNCQQM?QOSCPCQGBCKLMQ$4 RCLF?KCQQ?BMCL​?

    ! 

    %5:236E6D276E2BF2D652A@AF=2wv@2>6C:42?2
    AC:?4:A2=42C24E6C{DE:425:76C6?4:2=5@5:236E6Dx2:?42A24:525656>2?E6C256BF252D2D4@?46?EC2w‚6D568=:4@D6D2?8F{​?62
    %5:236E6DE:A@ @4@CC6A@CBF6@At?​4C62Dx:?42A2J56AC@5FJ:C2:?DF=:?2
    % 5:236E6D E:A@  @4@CC6 A@CBF6 @D E64:5@D BF6 ?@C>2=>6?E6 42AE2> 2 8=:4@D6 6 2 2C>2J6?2> 4@>@ 8=:4@8y?:@ 56>@?DEC2>
    D6?D:3:=:52565:>:?F{​52u:?DF=:?2
    DA64:2=:DE2D >x5:4@D C64@>6?52> BF6 A6DD@2D 4@> 5:236E6D E2?E@ 5@ E:A@  BF2?E@ 5@ E:A@  A2CE:4:A6> 56 F> AC@8C2>2 56
    EC6:?2>6?E@566I6C4{4:@DA2C22=42?w2CGsC:@D36?67{4:@DA2C22D2ƒ​56
     :?4:5y?4:2 56 5:236E6D E:A@  2F>6?E@F 5C2>2E:42>6?E6 5FC2?E6 @D ƒ=E:>@D
     2
     2?@D D68F:?5@ 56 A6CE@ @ 2F>6?E@
    D6>6=92?E652:?4:5y?4:256@36D:5256
    DD:> 4@>@ 2 @36D:5256 2 72=E2 56 2E:G:5256 7{D:42 7@: :56?E:L4252 4@>@ F> AC:?4:A2= 72E@C 56 C:D4@ A2C2 @ 56D6?G@=G:>6?E@ 56
    5:236E6DE:A@
    &2C2A6DD@2D4@>5:236E6DE:A@ @6I6C4{4:@D6CG6A2C225>:?:DEC2C25@6?​w2>2D?@5:236E6DE:A@ @6I6C4{4:@A@565672E@
    6G:E2C25@6?​w2

    E:@=@8:2
    .?SKCLRMBMLžKCPMBCA?QMQBCQ”LBPMKCKCR?@™JGA??AMKN?LF?M?SKCLRMB?M@CQGB?BCLMKCQKMNCP”M​BM#CD?RM
    ?M@CQGB?BCAMLQGBCP?B?MNPGLAGN?JD?RMPBCPGQAMN?P??Q”LBPMKCKCR?@™JGA?/?P​RGASJ?PKCLRC ?M@CQGB?BCACLRP?J AMK
    SK? ?JR? NPCT?J‘LAG? BC EMPBSP? TGQACP?J CK PCJ?ŽM  QS@ASR‹​LC?  AMLRPG@SG NMBCPMQ?KCLRC N?P? M BCQCLTMJTGKCLRM B?
    Q”LBPMKCKCR?@™JGA?$QQCRCAGBM?BGNMQMTGQACP?JRCKSK?NPCBGQNMQGŽMK?GMPN?P?JG@CP?PŠAGBMQEP?VMQLMQ?LESC M
    OSC?DCR?MD”E?BM PCBSXGLBMQS?PCQNMLQGTGB?BCGLQSJGL? JKBGQQM CQQ?PCQGQR‘LAG?GLQSJGL? R?LRMLMD”E?BMOS?LRM
    LMRCAGBMCQOSCJRGAM ?A?SQ?K?GQAMKSKCLRCNPMNMQR?N?P??Q”LBPMKCKCR?@™JGA?
    %?RMPCQ BC PGQAM ?BGAGML?GQ N?P? M ?N?PCAGKCLRM B? Q”LBPMKC KCR?@™JGA? GLAJSCK ? GB?BC C ? GL?RGTGB?BC D”QGA? JK
    BGQQM  BGCR?Q PGA?Q CK A?P@MGBP?RMQ R?K@K NMBCK AMLRPG@SGP N?P? M BCQCLTMJTGKCLRM B? Q”LBPMKC .Q B?BMQ
    AML¤PK?K AJ?P?KCLRC OSC ? GLAGB‘LAG? BC Q”LBPMKC KCR?@™JGA? ?SKCLR? AMK ? GB?BC $K@MP? CQQ? BMCL ≠? RCLF? QGBM
    GBCLRG¤A?B?CKKCLMQBCBMQ?BMJCQACLRCQ CJ?CTGBCLRCCKB?OSCJCQCLRPCC?LMQBCGB?BCCCKK?GQBC
     B?OSCJCQ AMK NCJM KCLMQ  ?LMQ BC GB?BC 2M@PC MQ CDCGRMQ B? GL?RGTGB?BC D”QGA?  SK CQRSBM JMLEGRSBGL?J PCACLRC
    BCRCPKGLMSOSC?NPCQCL?B?Q”LBPMKCKCR?@™JGA?DMGK?GQBCBS?QTCXCQK?GQ?JR?CLRPCNCQQM?QGL?RGT?QBMOSCCLRPC
    ?OSCJ?QOSCDMP?KA?RCEMPGX?B?QAMKM¤QGA?KCLRC?RGT?Q

    $2?6;@52D{?5C@>6>6E23=:42
    "MKM?M@CQGB?BCC?GL?RGTGB?BCQŽMMQBMGQNPCBGRMPCQK?GQDMPRCQB?Q”LBPMKCKCR?@™JGA? MQCQNCAG?JGQR?QAMLQGBCP?K
    OSC?QKMBG¤A?CQLMCQRGJMBCTGB?QCH?K?QMNCQBCRP?R?KCLRMK?GQC¤AGCLRCQ PCBSŽMBCNCQMBCTCQCP?JA?L?B?
    BCK?LCGP?QCESP?CCDCRGT?NCJ?PCBSŽMB?GLECQRŽMA?J™PGA?BGŠ​PG?CK?A?JMPG?QNMPBG?CLOS?LRMMM@HCRGTM
    DMP NCPBCP CLRPC  C  BM NCQM AMPNMP?J CK SK NCP”M​BM BC  ?  KCQCQ JK B? PCBSŽM B? GLECQRŽM A?J™PGA?  ?
    AMKNMQGŽMB?BGCR?BCTCQCPKMBG¤A?B?4K?BGCR??NPMNPG?B?BCTCDMA?PCKSKAMLQSKMK?GMPBCDPSR?Q TCECR?GQC
    EPŽMQ GLRCEP?GQ  CLOS?LRM QC PCBSX ? GLECQRŽM BC ?žA?PCQ QGKNJCQ C BC EMPBSP?Q ,?GQ CQNCAG¤A?KCLRC  M AMLQSKM BC
    EMPBSP?QQ?RSP?B?Q EMPBSP?QRP?LQCBCAMJCQRCPMJBCTCQCPJGKGR?BMQCL”TCGQK?GQ?JRMQBCA?P@MGBP?RMQDMPCKGLECPGBMQ
    %MGKMQRP?BMPCACLRCKCLRCOSC?PCQRPGŽMBCA?P@MGBP?RMQNMBCQCPSKKRMBM@CKC¤AGCLRCBC?BKGLGQRP?P?Q”LBPMKC
    KCR?@™JGA?
    %MGKMQRP?BMOSCMRPCGL?KCLRMBCCVCPA”AGMQPCESJ?PCQ CQNCAG?JKCLRCMQBCL?RSPCX??CP™@G? QŽMCDCRGTMQLMK?LCHM
    BC A?B? AMLQRGRSGLRC B? Q”LBPMKC KCR?@™JGA? .S QCH?  SK PCEGKC BC CVCPA”AGMQ NMBC RCP CDCGRMQ D?TMPŠTCGQ QM@PC ?
    M@CQGB?BC ?FGNCPRCLQŽM ?PCQGQR‘LAG?GLQSJGL?CMQJGN”BGMQQ?LES”​LCMQ QBGPCRPGXCQBCNPCQAPGŽMBCCVCPA”AGMQBCTCK
    QCPQCKCJF?LRCQQPCAMKCLB?B?QN?P?RP?R?PCNPCTCLGP?BMCL​?A?PBGMT?QASJ?PCBCTCDMA?PCKQCQQCQQSQRCLR?B?Q
    KGL BCGLRCLQGB?BCKMBCP?B? BCCVCPA”AGMQBC,5+<9(5*, AMKM?A?KGLF?B? ?AMPPGB?JCTC MAGAJGQKMC?L?R?ŽM!MVC
      

    ! 

    D{?5C@>6>6E23=:42x56E6C>:?252A6=2AC6D6?w256F>4@?;F?E@56D:?E@>2DC6=24:@?25@DBF6:?4=F6>9:A6CE6?Dv@@36D:5256
    5:D=:A:56>:26C6D:DEy?4:2u:?DF=:?2
    AC6D6?w252D{?5C@>6>6E23=:422F>6?E2@C:D4@5@56D6?G@=G:>6?E@565@6?​w242C5:@G2D4F=2C6565:236E6DE:A@
    *2?E@@6?G6=964:>6?E@BF2?E@@6DE:=@56G:52D656?EsC:@7@C2>2DD@4:25@D2@C:D4@2F>6?E25@56D{?5C@>6>6E23=:42
    +>AC@8C2>256EC6:?2>6?E@566?5FC2?46A@56D6C676E:G@?@>2?6;@52D{?5C@>6>6E23=:42

    ,4&  ;


    1+:76=<:1-6<-;-,7-6​d);+:m61+);
    )D5<<1"E391,?<@5&8("$)#
    0=0:0656-,/(=069(3(5+,(3;/ *0,5*,:
    "50=,9:0;@6-,55:@3=(50(
    /03(+,37/0(

    GLECQRŽMRMR?JBCCLCPEG?GKNMPR?LRCN?P??Q?ž​BCCCQNCAG?JKCLRCGKNMPR?LRCN?P?MQ?RJCR?Q K?GMPN?PRCB?
    NCQOSGQ?DMAMSCKQSNJCKCLR?ŽMKGLCP?JCCKQCSCDCGRMNMRCLAG?JL?PCBSŽMBCNCQMCMSBG?@CRCQKCJGRMRGNM
    @CKAMKMLMKCR?@MJGQKMKGLCP?JBSP?LRCMCVCPA”AGM-CQR?Y5GQŽMBMCQNCAG?JGQR?^ TMSAMKN?PRGJF?PAMKTMA‘
    SKNMSAMQM@PC?KGLF?NCQOSGQ?QM@PCKGLCP?GQ CVCPA”AGMCPCBSŽMBCNCQM

    &A<8191:@-ed;01/>;9;1>10Aed;01<1?;
    M@CQGB?BCCMBG?@CRCQKCJGRMRGNM?SKCLR?P?KBP?K?RGA?KCLRCBSP?LRCMQžJRGKMQ?LMQ3MBMQMQEPSNMQ
    CRŠPGMQ DMP?K ?DCR?BMQ  C ? CNGBCKG? BC M@CQGB?BC  ACPR?KCLRC M PCQSJR?BM BC KSGR?Q GL​¥S‘L^G?Q BGDCPCLRCQ
    CVCPA”AGMNJ?LCH?BMBGKGLS”​BM AMLQSKM?JGKCLR?P?SKCLR?BMNPGLAGN?JKCLRCMR?K?LFMB?QNMPCQ K?GQRCKNM
    CK DPCLRC  RCJCTGQŽM C SRGJGX?LBM M AMKNSR?BMP  ?NCL?Q N?P? AGR?P ?JESK?Q QQGK  SK? YD™PKSJ? KŠEGA?^ LŽM
    PCQMJTCPŠ CQQ? CNGBCKG? $LRPCR?LRM  CK SK? RCLR?RGT? BC NCQOSGQ?P ​ŠPC?Q CQNCA”¤A?Q OSC NMBCPG?K GKN?AR?P ?
    M@CQGB?BCC?PCBSŽMBCNCQM CSRCLFM?T?JG?BM?QSNJCKCLR?ŽMKGLCP?JC?PCBSŽMBCNCQM
    ,GLF?COSGNCBCNCQOSGQ?CCSAMLBSXGKMQSKCQRSBMQM@PCMCDCGRMBMNGAMJGL?RMBCAPMKMQM@PC?PCBSŽMBC
    NCQM.APMKMSKAMKNMLCLRC?RGTMB?NPMRC”​L?APMKMBSJGL? OSCNMRCLAG?MQCDCGRMQB?GLQSJGL?N?P?OSCCJ?
    PC?JGXCQCSRP?@?JFMBCNPMKMTCP?A?NR?ŽMBCEJGAMQC-MGL”AGMBMQ?LMQ DMP?KPC?​JG​X?B?QNCQOSGQ?QQM@PC?
    QSNJCKCLR?ŽM BC APMKM  ? K?GMPG? CK ?RJCR?Q K?QASJG​LMQ C QCK M SQM BC KCBGB?Q K?GQ NPCAGQ?Q B? ?T?JG?ŽM B?
    AMKNMQGŽMAMPNMP?JNCV KCBGB?QB?QNPCE?QASR‹​LC?Q  QQGK KGLF?COSGNCBCNCQOSGQ?CCSAMLBSXGKMQSK
    CLQ?GM P?LBMKGX?BM BSNJM ACEM  NJ?AC@M AMLRPMJ?BM  QM@PC MQ CDCGRMQ BC  KE \ BG?Z BC NGAMJGL?RM BC APMKM
    AMKN?P?BM?SKNJ?AC@MBC?N?P‘LAG?GB‘LRGA?CKKSJFCPCQAMKQM@PCNCQMMSM@CQ?Q OSCDMP?KAMJMA?B?QCK
    SKNPMEP?K?QSNCPTGQGML?BMBCRPCGL?KCLRMBCNCQMCBCA?KGLF?B?NMPQCK?L?Q R?V?KCR?@™JGA?@?Q?JDMG
    KCBGB? @CKAMKM?AMKNMQGŽMAMPNMP?JNMPKCGMB?NCQ?ECKQS@KCPQ?.Q?LESCC?SPGL?DMP?KAMJCR?BMQN?P?
    ?T?JG?PM:;(;<:BMAPMKM BMXGLAMCBMDCPPM MQL”TCGQBCJGN”BGMQQ?LES”​LCMQC?QAMLACLRP?CQQPGA?QBCGLQSJGL?
    EJSA?EML C EJGAMQC -ŽM FMSTC CDCGRM BM APMKM QM@PC LCLFSK? BCQQ?Q KCBGB?Q Z MS QCH?  LŽM CLAMLRP?KMQ
    BGDCPCL?QCLRPCMEPSNMQSNJCKCLR?BMAMKAPMKMCMEPSNMNJ?AC@M

    -3:f?5;1?h:0>;9191@-.k85/-
    4K BMQ CQRSBMQ OSC KGLF? COSGNC BC NCQOSGQ? C CS CQR?KMQ AMLBSXGLBM ?EMP?  SK CLQ?GM AMLRPMJ?BM
    P?LBMKGX?BM BSNJM ACEM NJ?AC@M AMLRPMJ?BM ASQRC?BMNCJM-('-?RGML?J(LQRGRSRCQMD'C?JRF QM@PCMQCDCGRMQ
    BMK?ELQGML?Q”LBPMKCKCR?@™JGA? Q”LBPMKCKCR?@™JGA?BC¤LGB?OS?LBMSK?NCQQM?RCKNCJMKCLMQRP‘Q
    B?QAGLAMA?P?ARCP”QRGA?Q?QCESGPAGPASLDCP‘LAG?B?AGLRSP?CJCT?B? L”TCGQBCRPGEJGACP”BCMQCJCT?BMQ L”TCGQPCBSXGBMQ
    BCJGNMNPMRC”​L?BC?JR?BCLQGB?BC NPCQQŽM?PRCPG?JCJCT?B?CL”TCGQCJCT?BMQBCEJGAMQCQ?LES”​LC?N?P?K?GQBCR?JFCQ
    NMP D?TMP  TCH? &PSLBW ,; (3  "GPASJ?RGML      $VGQRCK PCQSJR?BMQ OSC QSECPCK OSC M K?ELQGM NMBC
    CTGR?P?Q”LBPMKCKCR?@™JGA?CMSKCJFMP?PMBG?@CRCQKCJGRMRGNM .M@HCRGTMBMCLQ?GMQM@PCMK?ELQGMC?
    Q”LBPMKC KCR?@™JGA?  ?T?JG?P QC ? QSNJCKCLR?ŽM AMK K?ELQGM GPŠ KCJFMP?P ? PCQGQR‘LAG?  GLQSJGL? CK NCQQM?Q
    AMKQ”LBPMKCKCR?@™JGA?$K@MP?LŽMCVGQR?KPCQSJR?BMQN?P??NPCQCLR?PLMKMKCLRM CQNCP?KMQOSCCQQCCLQ?GM
    NMQQ? CQAJ?PCACP MQ CDCGRMQ BM K?ELQGM L? Q”LBPMKC KCR?@™JGA? -MQQM NP™VGKM N?QQM QCPG?  CLRŽM  ?T?JG?P M
    KCA?LGQKMNCJMOS?JMK?ELQGM?DCR??Q”LBPMKCKCR?@™JGA?

    %121>g:/5-?
     '?PPGQ 1MQCLXUCGE /  5MJNC 2+ $DDCAR MD GPML QSNNJCKCLR?RGML ML RFWPMGB FMPKMLC JCTCJQ ?LB PCQRGLE
    KCR?@MJGAP?RCGLRUMAMJJCECDCK?JC?RFJCRCQ?A?QCQRSBW(LR)2NMPR-SRP$VCPA,CR?@Z
     ,?VUCJJ" 5MJNC2+$DDCARMDXGLAQSNNJCKCLR?RGMLMLRFWPMGBFMPKMLCDSLARGML?A?QCQRSBWMDRUMAMJJCEC
    DCK?JCQ LL-SRP,CR?@Z
     5MJNC2+ 'S?LE'6 +?PN?BGQMPL* CR?J$DDCARMDAFPMKGSKQSNNJCKCLR?RGMLML@MBWAMKNMQGRGML PCQRGLE
    KCR?@MJGAP?RC ?LBQCJCARCB@GMAFCKGA?JN?P?KCRCPQGLKMBCP?RCJWM@CQCUMKCLDMJJMUGLE?LCVCPAGQCNPMEP?K
    ) K"MJJ-SRPZ

    , )4>4G4A2w28>

     BMCL​? BM '(5 (#2  BC¤LGB? NCJMQ "CLRCPQ DMP #GQ` ?QC "MLRPMJ ?LB /PCTCLRGML OS?LBM ? GLDCAŽM NCJM '(5 
    GBCLRG¤A?B?  GLBCNCLBCLRCKCLRC BC RCP ? BMCL ≠? NPMEPCBGBM N?P? M CQRŠEGM B? (#2 #C ?AMPBM AMK MQ "CLRCPQ DMP
    #GQC?QC"MLRPMJ?LB/PCTCLRGML ACPA?BCNCQQM?QQCGLDCAR?KAMKM'(5 NMP?LM LMQ$4 #SP?LRCM?LMBC
     MLžKCPM?ASKS​J?BMBCA?QMQLMQ$4 SJRP?N?QQ?T?SKKGJFŽM/MPA?SQ?BMBCQCLTMJTGKCLRMPCACLRCBCRCP?NG?
    ?LRGPPCRPMTGP?J ?JR?KCLRC ?RGT? ' 13  ? CVNCAR?RGT? BC TGB? KBG? B?Q NCQQM?Q GLDCAR?B?Q AMK '(5 (#2 ?SKCLRMS
    QGELG¤A?RGT?KCLRC BCKMBMOSC?BMCL ≠?AMLQGBCP?B??EMP?K?GQAMKMSK?BMCL ≠?APšLGA?CKTCXBCSK?OSC?KC? ≠?
    ?TGB??ESB?KCLRC/MPK AMLQRGRSGLBMMJ?BMLCE?RGTMBCQQ?QLMT?QMNCQBCRP?R?KCLRM MQN?AGCLRCQN?QQ?KNMPSK?
    NPMEPCQQŽM K?GQ JCLR? B? BMCL​?  OSC  ?AMKN?LF?B? NMP KSGRMQ BGQRžP@GMQ  AMKM LCSPMN?RG?  BMCL​? A?PBGMT?QASJ?P
    ?SKCLRM B? EMPBSP? AMPNMP?J C KGMN?RG? 3?K@K  ?N?PCLRC SK ?SKCLRM L? D?BGE?@GJGB?BC  D?XCLBM AMK OSC ? PC?​JG​
    X?ŽMB?Q?RGTGB?BCQR”NGA?QB?TGB?AMRGBG?L?QCH?K?GQBCQ?¤?BMP? HSLRMAMKBCQE?QRCh SQASJ?PCDP?OSCX? JKBGQQM ?
    NCQOSGQ?PCTCJMSOSC??NRGBŽMA?PBGMT?QASJ?P OS?LRG¤A?B?AMKM5.KŠV NMBCQCP?RKCLMPBMOSC?M@QCPT?B?CK
    NCQQM?QQCK?BMCL​? $KEP?LBCN?PRC N?PCACOSCMKCLMP5.KŠVCVG@GBMNMPGL​BG​T”​BSMQAMK'(5 (#2NMBCQCP
    CVNJGA?BM NCJM B?LM KGRMAMLBPG?J ?M ​KžQASJM CQOSCJRGAM . PCQSJR?BM  SK? A?N?AGB?BC NPCHSBGA?B? BMQ ​KžQASJMQ CK
    CVCPA”AGMCVRP?”​PCKMMVGE‘LGMBM?NMPRCQ?LES”​LCMCBCNPMBSXGP 3/NCJ?QTG?QMVGB?RGT?Q ?NRGBŽM?CP™@G?PCBSXGB?
    BMQN?AGCLRCQBC'(5 (#2JGKGR?QS??NRGBŽMN?P?PC?​JG​X?P?Q?RGTGB?BCQB?TGB?AMRGBG?L?C?Q?RGTGB?BCQPCAPC?RGT?QOSC
    AMLRPG@SCKN?P??OS?JGB?BCBCTGB?RMR?J QQGK MQNCQOSGQ?BMPCQGK?EGL?P?KQCCQQCQN?AGCLRCQNMBCPG?KKCJFMP?PQS?
    ?NRGBŽMD”QGA?AMKMRPCGL?KCLRMD”QGAM5ŠPGMQCQRSBMQKMQRP?P?KOSCNCQQM?QBG?ELMQRGA?B?QAMK'(5 (#2QŽM BCD?RM
    A?N?XCQBCPCQNMLBCP?NPMEP?K?QBCRPCGL?KCLRMBC,5+<9(5*,BCQCLF?BMQ?NPMNPG?B?KCLRCCCVNCPGKCLR?PKCJFMP?QLM
    5. KŠVOSCQŽMN?PCAGB?Q? AMK?OSCJ?QBCRCAR?B?QCKNCQQM?QQCK?BMCL​? vGES?JKCLRCGKNMPR?LRC
    PCN?P?POSCMBCQCKNCLFMBCRPCGL?KCLRM?CP™@GMLŽM?NPCQCLR?PGQAMQQ?ž​BCBCNCQQM?QAMK'(5 (#2LCK?A?PE?
    TGP?J MS ? AMLR?ECK BC "# AJSJ?Q GKSLCQ  DMG ?JRCP?B? AMK M RPCGL?KCLRM JK BGQQM  M @CK CQR?P NQGAMJ™EGAM DMG
    KCJFMP?BM0, Q?RGQD?ŽM?SKCLR?B?CBCNPCQQŽMBGKGLS”​B? ?N™QMRPCGL?KCLRMBC,5+<9(5*,
    JKB?KCLMP?NRGBŽMA?PBGMT?QASJ?P M'(5 (#2DPCOSCLRCKCLRC?QQMAG?BM?SK?BMCL​?AF?K?B?BCYQ”LBPMKC
    AMLQSKNRGT?^  KCQKM CLRPC NCQQM?Q OSC QŽM RP?R?B?Q AMK ? ' 13  Q”LBPMKC AMLQSKNRGT?  A?P?ARCPGX? NMP SK
    BCAJ”LGM LM NCQM AMPNMP?J BC NCJM KCLMQ  BSP?LRC SK NCP”M​BM BC  KCQCQ $QQ? PCBSŽM BC K?QQ? Z DMPK?B?  L?
    K?GMPG?N?PRC NMP​KžQASJMCQOSCJRGAMZLŽMQ™BGKGLSG?A?N?AGB?BCDSLAGML?JB?NCQQM?NCJ?BGKGLSGŽMB?DMP? K?Q?
    NCQOSGQ? KMQRPMS OSC CVGQRC SK? DMPRC ?QQMAG?ŽM CLRPC ? Q”LBPMKC AMLQSKNRGT? C ? NPMEPCQQŽM B? BMCL​?  JCT?LBM 
    KMPR?JGB?BC #GTCPQ?Q ?@MPB?ECLQ DMP?K CVNCPGKCLR?B?Q N?P? @?J?LAC?P CQQC BCQE?QRC ​KSQASJ?P $J?Q GLAJSCK
    ?AMLQCJF?KCLRM LSRPGAGML?J  GLRCPTCLŽM  RCP?NG?Q FMPKML?GQ C ?ECLRCQ D?PK?AMJ™EGAMQ $LRPCR?LRM  RMB?Q ?Q CQRP?REG?Q
    R‘K QPG?Q BCQT?LR?ECLQ  AMKM LŠS​QC?Q C ?JRM ASQRM  OSC ?Q RMPL? GKNP?RGAŠTCGQ N?P? SQM CK J?PE? CQA?J? 4K?
    GLRCPTCLŽM OSC QC AMKNPMTMS @CK QSACBGB? C OSC ?NPCQCLR? NMSA?Q BCQT?LR?ECLQ  MS LCLFSK?   M RPCGL?KCLRM BC
    PCQGQR‘LAG? 4K LžKCPM BC NCQOSGQ?Q AML¤PKMS OSC ?Q NCQQM?Q BG?ELMQRGA?B?Q AMK '(5 (#2 QŽM A?N?XCQ BC ?JA?L?P
    KCJFMP?QL?DSLŽM​KSQASJ?PC?SKCLRMQBCK?QQ?​KSQASJ?PQCKCJF?LRCQ?MQM@QCPT?BMQCKAMLRPMJCQQCBCLRŠPGMQQCK?
    BMCL​? /MP CVCKNJM  1MS@CLMDD ,; (3 BCQAPCTCP?K ?SKCLRMQ BC  ?  L? DMP? BC RMBMQ MQ EPSNMQ ​KSQASJ?​PCQ
    RCQR?BMQ?N™QSKPCEGKCBCRPCGL?KCLRMBCQCK?L?QSRGJGX?LBMA?PE?QBC?BCSK?PCNCRGŽM?MKŠVGKMNMP
    RP‘QQPGCQBCMGRMPCNCRGCQ HSLRMAMKSK?SKCLRMQGELG¤A?RGTML?K?QQ?AMPNMP?JK?EP?$KSKCQRSBMNMQRCPGMP MQ
    N?AGCLRCQAMK'(5 (#2AMKQ”LBPMKCAMLQSKNRGT?BCKMLQRP?P?K?SKCLRMQBCL?DMP?​KSQASJ?PCSK?SKCLRM
    BC  L? K?QQ? AMPNMP?J K?EP? AMKM PCQSJR?BM BC SK CVCPA”AGM BC PCQGQR‘LAG? NPMEPCQQGT? $QQCQ N?AGCLRCQ R?K@K
    PCJ?R?P?KOSCQS?A?N?AGB?BCDSLAGML?JD”QGA?BSP?LRC?TGB?BGŠ​PG?LMPK?J?SKCLRMSQGELG¤A?RGT?KCLRCAMKMPCQSJR?BMBC
    RPCGL?KCLRM BC PCQGQR‘LAG? QQGK AMKM M RPCGL?KCLRM ?CP™@GM  ? N?PRGAGN?ŽM CK RPCGL?KCLRM BC PCQGQR‘LAG? LŽM DCX
    L?B?OSCAMKNPMKCRCQQC?Q?ž​BCBMQN?AGCLRCQBC'(5 (#2MS?ACJCP?QQC?NPMEPCQQŽMBCBMCL​?Q NPMT?LBM?QQGKQCP
    QCESP?CC¤AGCLRC

    ! 

    )@>6?E6?@D+2AC@I:>252>6?E6

    A6DD@2DDv@:?764E252D4@>,242522?@
    %,C6DF=E26>56D82DE6​>FD4F=2C66>7C2BF6J272J6?5@4@>BF62Ex2D2E:G:5256D5:s​C:2DC@E:?6:C2DD6;2>5:7{46:D
    +>25:>:?F:wv@56
    ?22AE:5v@26C3:2,% >sIE2>3x>xG:DE26>A24:6?E6D4@>,DD@x56G:5@AC:?4:A2=>6?E62@
    52?@76:E@u>:E@4€?5C:25@D​>ƒD4F=@D
    &6DBF:D2DEy>>@DEC25@BF6A24:6?E6D4@>,A@56>>6=9@C2CDF2,%  >sI?2>6D>2AC@A@Cwv@
    2
    56A6DD@2DD6>2
    5@6?​w2BF2?5@A2CE:4:A2>562=8F>AC@8C2>256EC6:?2>6?E@56 &# 2AC@AC:252>6?E656D6?925@
    @:>@DEC25@BF6@EC6:?2>6?E@56C6D:DEy?4:22F>6?E2D:8?:L42E:G2>6?E62>2DD2[ FD4F=2C627@Cw26>A24:6?E6D4@>)D6>
    E6C?6?9F>676:E@?682E:G@

    ?8;4?B8044G4A2w28>

     CNGJCNQG?  SK? BMCL​? OSC ?DCR? K?GQ BC BMGQ KGJFCQ BC NCQQM?Q LMQ $4  MS ACPA? BC  BC QS? NMNSJ?ŽM
    A?P?ARCP”QRGA?BC¤LGBMP?B?CNGJCNQG??NPCQCL?BCCNGQ™BGMQPCAMPPCLRCQBCAMLTSJQCQvGKNMPR?LRCPCN?P?POSCQMDPCP
    SK?žLGA?AMLTSJQŽMLŽMAMLQRGRSGMBG?EL™QRGAMBCCNGJCNQG?

    E:@=@8:2
    -ŽMCVGQRCSK?žLGA?A?SQ?OSCAMLRPG@S?N?P?RMBMQMQA?QMQBCCNGJCNQG?C BCD?RM OS?QCKCR?BCBCRMB?Q?QAMLTSJQCQ
    LŽMR‘KA?SQ?#GRMBCK?LCGP?QGKNJCQ OS?JOSCPAMGQ?OSCPCQSJRCCKFGNCP?RGTGB?BCBCEPSNMQBCLCSPšLGMQLMAPC@PM
    NMBCQCPTGQR?AMKMSK?A?SQ?BCCNGJCNQG?,?Q CQRSB?LBMCQQ?BMCL​?BCQAMLACPR?LRC MQNCQOSGQ?BMPCQGBCLRG¤A?P?K
    SK?QPGCBCD?RMPCQOSCAMLRPG@SCKN?P?MGL”AGMB?CNGJCNQG?/MPCVCKNJM D?RMPCQECLRGAMQOSCPCQSJR?KCKDSLŽM
    BC¤AGCLRCBCA?L?GQGšLGAMQLMQLCSPšLGMQCLACDŠJGAMQ BCGV?LBM MQAMKSKL”TCJ?LMPK?JKCLRC?JRMBCCVAGR?@GJGB?BCC
    AMK@?GVMJGKG?PBCCQRGKSJ?ŽM NMBCKA?SQ?P?CNGJCNQG?
    #?LM CLACDŠJGAM PCQSJR?LRC BC RSKMPCQ  ?JAMMJGQKM  ?@SQM BC BPME?Q C B?LM RP?SKŠRGAM  A?@C? R?K@K DMP?K
    ?QQMAG?BMQ ?M BCQCLTMJTGKCLRM B? CNGJCNQG? JK BGQQM  OS?JOSCP CTCLRM MS BMCL​? OSC NPGTC M CLAD?JM BC SK
    QSNPGKCLRM?BCOS?BMBCMVGE‘LGMNMBCQCPTGQRMAMKMSK?A?SQ?N?P?MGL”AGMB?CNGJCNQG?1C?JKCLRC OS?QCSKRCPMBC
    RMBMQMQA?QMQPCAK BG?ELMQRGA?BMQBCCNGJCNQG?CLRPCMQ?BSJRMQMAMPPCAMKMPCQSJR?BMBCBMCL​?ACPC@PMT?QASJ?P OSC
    NPCHSBGA?M¥SVMBCQ?LESCN?P?MCLAD?JM.SRPMQD?RMPCQA?SQ?BMPCQ AMKM?CVNMQGŽM??JRMQL”TCGQBCAFSK@MMSBC
    KML™VGBM BC A?P@MLM  DMP?K GBCLRG¤A?BMQ  CQNCAG?JKCLRC CK APG?L?Q %GL?JKCLRC  BMCL ≠?Q GLDCAAGMQ?Q AMKM (#2
    KCLGLEGRCCCLACD?JGRCNMBCKJCT?PFGNCP?RGTGB?BCLCSPML?JCCNGJCNQG?
    NCQ?P B? C¤AŠAG? BMQ DŠPK?AMQ KMBCPLMQ CK AMLRPMJ?P MQ QGLRMK?Q B? CNGJCNQG?  ?GLB?  NMQQ”TCJ OSC ?Q AMLTSJQCQ
    MAMPP?KL?QNCQQM?Q?DCR?B?QNMPCQQ?BMCL​?$LRŽM MOSCNMBC?EGPN?P?BCQCLA?BC?PSK?AMLTSJQŽMCNGJNRGA?$K@MP?
    MQ N?AGCLRCQ AMK CNGJCNQG? NMQQ?K RCP EP?SQ BGDCPCLRCQ BC QCLQG@GJGB?BC ? TŠPGMQ CQR”KSJMQ  ?JESLQ BMQ E?RGJFMQ K?GQ
    AMKSLQ GLAJSCK ? D?BGE?  M AMLQSKM BC ŠJ​AMMJ  JSXCQ NGQA?LBM PGRKGA?KCLRC  DSK?? BC AGE?PPM C NPGT?ŽM BC QMLM
    /MPK  R?JTCX M CQR”KSJM K?GQ AMKSKCLRC PCJ?R?BM N?P? M GL”AGM B? AMLTSJQŽM CNGJNRGA? QCH? M CQRPCQQC /MP GQQM  DMG
    QSECPGBMOSCMRPCGL?KCLRMD”QGAM OSCDMGKMQRP?BMCDCRGTMLMK?LCHMBMCQRPCQQC NMBCPCBSXGPMLžKCPMBCAMLTSJQCQ
    CVNCPGKCLR?B?QNMPNCQQM?QBG?ELMQRGA?B?QAMK?CNGJCNQG?!MVC 

    ,4&  <


    814-8;1)-:-)​41​B)do-;
    $K@MP? ?JESK?Q NCQQM?Q AMK PCR?PBM KCLR?J R?K@K RCLF?K CNGJCNQG?  ?Q BS?Q BMCL​?Q LŽM ?LB?K
    LCACQQ?PG?KCLRCBCKŽMQB?B?Q#CD?RM TŠPG?QNCQQM?Q@CKAMLFCAGB?Q ?JR?KCLRCGLRCJGECLRCQCPC?​JG​X?B?Q DMP?K
    ?¥GEGB?Q NCJ? CNGJCNQG? $LRPC MSRPMQ  CQR? JGQR? GLAJSG )žJGM "Q?P  2™AP?RCQ  -?NMJCŽM !ML?N?PRC  M ?RMP #?LLW
    &JMTCP MA?LRMP-CGJ8MSLEC?CQRPCJ?B?NGQR?MJ”KNGA?%JMPCLAC&PGD¤RF)MWLCP

    I6C4{4:@66A:=6AD:2
    ,SGR?QNCQQM?QAMKCNGJCNQG?LŽMNP?RGA?KOS?JOSCP?RGTGB?BCD”QGA?NMPOSC?APCBGR?KOSCMCQRPCQQCBMCQDMPMD”QGAMGPŠ
    GLBSXGP SK? AMLTSJQŽM $QQ? NMBC QCP SK? NPCMASN?ŽM JCE”RGK?  SK? TCX OSC  B? NMNSJ?ŽM BC N?AGCLRCQ
    CVNCPGKCLR?PŠSK?AMLTSJQŽMAMKMPCQSJR?BMB?CVCASŽMBCCVCPA”AGMQCN?PRGAGN?ŽMCKCQNMPRCQ$LRPCR?LRM ?R
    B?OSCJ?KCQK?NMNSJ?ŽMCVNCPGKCLR?PŠKCLMQCNGQ™BGMQNMPA?SQ?BMCVCPA”AGMPCESJ?P$VGQRCKLSKCPMQMQD?RMPCQOSC
    NMBCK AMLRPG@SGP N?P? MQ CDCGRMQ B”QN?PCQ BM CVCPA”AGM QM@PC ?Q AMLTSJQCQ CNGJNRGA?Q /?PCAC OSC M CVCPA”AGM BC ?JR?
    GLRCLQGB?BC CV?SQRGTM NMBC?SKCLR?P?NPM@?@GJGB?BCBCAMLTSJQCQ CQNCAG?JKCLRCCLRPCNCQQM?QLŽMD?KGJG?PGX?B?QAMK
    M CVCPA”AGM GLRCLQM  MS OSC LŽM R‘K @M? ?NRGBŽM D”QGA? .SRP? P?XŽM OSC NMBC CVNJGA?P NMP OSC M CVCPA”AGM GLBSX ?Q
    AMLTSJQCQCK?JESLQCQRŠPCJ?AGML?B?AMKMCQRPCQQCNQGAMJ™EGAMOSC?AMKN?LF???RGTGB?BCD”QGA?2MXGLFM CQQCRGNMBC
    CQRPCQQCPCQSJR?CK?SKCLRMB??RGTGB?BCCJRPGA?LMCLAD?JM$QQ??RGTGB?BC AMK@GL?B?AMK?FGNCP?RGTGB?BC@?Q?JC?SK
    @?GVMJGKG?PBCCQRGKSJ?ŽMBMQLCSPšLGMQCKPC​EGCQCQNCA”¤A?QBMCLAD?JMBCN?AGCLRCQAMKCNGJCNQG? JCT??MBGQN?PM
    BCQAMLRPMJ?BM B?OSCJCQ LCSPšLGMQ C  AMLTSJQŽM QQGK  N?PCAC OSC M KMLR?LRC BC CQRPCQQC NQGAMJ™EGAM CVNCPGKCLR?BM
    NCJMN?AGCLRC?LRCQCBSP?LRCMCVCPA”AGMAP”RGAMN?P?BCRCPKGL?PQCMCVCPA”AGM?SKCLR?MSBGKGLSG?AF?LACBCQCQMDPCP
    SK?AMLTSJQŽM"MKM?QNCQQM?QOSCQCCVCPAGR?KPCESJ?PKCLRCCQRŽM?AMQRSK?B?QAMKMCVCPA”AGM CJCJFCQCTMA?KCLMQ
    CQRPCQQCNQGAMJ™EGAM NMPGQQMCJ?QQŽMKCLMQNPMNCLQ?Q?RCPSKCNGQ™BGMCLOS?LRMQCCVCPAGR?KMSNP?RGA?KSKCQNMPRC
    /QGAMJMEGA?KCLRC ?OSCJCQOSCQCCVCPAGR?KPCESJ?PKCLRCKMQRP?KSK?PCQNMQR??RCLS?B?B?N?PRCQGKNŠRGA?BMQGQRCK?
    LCPTMQMCBGKGLSGŽML?JG@CP?ŽMBCFMPKšLGMBMCQRPCQQC MAMPRGQMJ4K?OS?LRGB?BCKCLMPBCAMPRGQMJDMPLCAGB??M
    CLAD?JM R?K@K PCBSX ? GLAGB‘LAG? BC AMLTSJQCQ CNGJNRGA?Q GLBSXGB?Q NCJM CVCPA”AGM 3?K@K DMG NMQRSJ?BM OSC ?
    JG@CP?ŽM BC b CLBMP¤L?Q GLBSXGB? NCJM CVCPA”AGM  OSC R‘K SK CDCGRM PCJ?V?LRC QCKCJF?LRC ?M BMQ MNGMGBCQ  R?K@K
    BGKGLSG??RGTGB?BCBMQLCSPšLGMQPCQNMLQŠTCGQNCJ?QAMLTSJQCQ3?K@KDMGQSECPGBMOSCM?JRMEP?SBCAMLACLRP?ŽM
    KCLR?JLCACQQŠPGMBSP?LRCMCVCPA”AGMCMQCQNMPRCQNMBCRCPSK?GL​¥S‘L^G?A?JK?LRCL?QPCbGCQBMCLAD?JMPCQNMLQŠTCGQ
    NCJMGL”AGMB?QAMLTSJQCQ
    vMNCLQ?KCLRM?RS?JBMQKBGAMQCQNCAG?JGQR?QOSCMCVCPA”AGMBCGLRCLQGB?BCKMBCP?B?PC?​JG​X?BMBCK?LCGP?PCESJ?P
    RCPŠSKCDCGRMPCBSRMPBMCQRPCQQCCKN?AGCLRCQAMKCNGJCNQG?C ?QQGK BGKGLSGPŠ?GLAGB‘LAG?BCAMLTSJQCQ JKBGQQM
    ?QNCQQM?Q?DCR?B?QAMKCNGJCNQG??NPMTCGR?PŽMMQMSRPMQKSGRMQ@CLCD”AGMQQ?ž​BCOSCNMBCKQCPM@RGBMQBMRPCGL?KCLRM
    BC CVCPA”AGMQ C  BCQQC KMBM  NMBCPŽM KCJFMP?P QS? OS?JGB?BC BC TGB? ,?Q  N?P? NCQQM?Q OSC NP?RGA?K CVCPA”AGMQ C
    ?RGTGB?BCQCQNMPRGT?Q GKNMPR?LRCBMPKGPMQS¤AGCLRC K?LRCP@M?FGBP?R?ŽM K?LRCPMQL”TCGQ?BCOS?BMQBCCJCRP™JGRMQ
    CTGR?P CQNMPRCQ CK OSC NMQQ?K MAMPPCP JCQCQ L? A?@C? C CQR?P AGCLRCQ BC OSC ?Q KCBGA?CQ SRGJGX?B?Q N?P? RP?R?P ?
    CNGJCNQG?NMBCKA?SQ?PD?BGE? NPM@JCK?QBCTGQŽMCPCBSŽMBCK?QQ?™QQC?

    8?4AC4=Br>44G4A2w28>

     NPCQCL? BC CJCT?B? NPCQQŽM ?PRCPG?J  MS FGNCPRCLQŽM   SK NPM@JCK? BC Q?ž​BC @?QR?LRC AMKSK  CQNCAG?JKCLRC L?Q
    ASJRSP?QMAGBCLR?GQ MLBCCJ?K?GQNPCT?JCLRC#CD?RM ?NCL?QLMQ$4 K?GQBCKGJFCQBC?BSJRMQQŽMFGNCPRCLQMQ M
    OSCQGELG¤A?OSCCJCQR‘KSK?NPCQQŽM?PRCPG?JQGQR™JGA?BSP?LRCMPCNMSQMBCKK'EMSK?GQCMSNPCQQŽMBG?QR™JGA?
    BCPCNMSQMBCNCJMKCLMQKK'E(QQMNPCMASN?LRCNMPOSC?FGNCPRCLQŽMR‘KQGBM?QQMAG?B?QGELG¤A?RGT?KCLRC?
    SK? NPM@?@GJGB?BC ?SKCLR?B? BC ?AGBCLRC ​T?QASJ?P CLACDŠJGAM  BMCL​? A?PB”?​A?  BMCL​? ?PRCPG?J NCPGDPGA?  AMKNJGA?CQ
    PCL?GQ C KMPR?JGB?BC NMP RMB?Q ?Q A?SQ?Q C A?PBGMT?QASJ?P $LRPCR?LRM  CVGQRCK KRMBMQ BC ?BKGLGQRP?P CDCRGT?KCLRC ?
    FGNCPRCLQŽM GLAJSGLBMMSQMBCKCBGA?KCLRMQ?LRG FGNCPRCLQGTMQCKMBG¤A?CQLMCQRGJMBCTGB?4K?BCQQ?QKSB?L?Q
    LMCQRGJMBCTGB?MRPCGL?KCLRMD”QGAM CK@MP??NCL?QNMPQGMCVCPA”AGMQCH?CDCRGTM?NCL?QCLRPCNCQQM?QAMKEP?SQBC
    FGNCPRCLQŽMKBGMQ?KMBCP?BMQ

    ! 

    A6?2D?@D+26A:=6AD:2276E2>2:D565@:D>:=9‚6D56A6DD@2D
    6A:=6AD:2x42C24E6C:J252A@C4@?GF=D‚6DC64@CC6?E6D
    ,sC:@D72E@C6DA@56>5:DA2C2CF>24@?GF=Dv@6A:=xAE:42:?4=FD:G6@6DEC6DD6
    +>C68:>656EC6:?2>6?E@ 4@?E6?5@ 6I6C4{4:@D 26C3:@D >@56C25@D A@56 D6C 6L4:6?E6 A2C2 C65FJ:C2:?4:5y?4:256A6DD@2D 4@>
    6A:=6AD:2

    I6C4{4:@6AC6DDv@2CE6C:2=56C6A@FD@
    /MP KSGRMQ ?LMQ  QMS@C QC OSC M RPCGL?KCLRM D”QGAM NMBG? A?SQ?P SK CDCGRM NMQGRGTM L? NPCQQŽM ?PRCPG?J BC PCNMSQM CK
    NCQQM?QFGNCPRCLQ?Q(QQMTCPB?BCN?P?FMKCQCN?P?KSJFCPCQ LMQOS?GQ?NCQOSGQ?KMQRPMSOSC?NPCQCLR?KGLAGB‘LAG?Q
    QCKCJF?LRCQ BC FGNCPRCLQŽM . KMBM K?GQ C¤AGCLRC BC CVCPA”AGM N?P? M RP?R?KCLRM B? FGNCPRCLQŽM  M CVCPA”AGM BC
    ,5+<9(5*,?CP™@GM AMKMA?KGLF?B? AMPPGB? AGAJGQKMCL?R?ŽM K?GMPG?B?QNCQOSGQ?QGLBGA?OSC OS?LBMR?J?RGTGB?BC
    PC?​JG​X?B?CKSK?GLRCLQGB?BCKMBCP?B?0, BM5.KŠV BSP?LRCQCQQCQBC?KGLNMPSKNCP”M​BMBCTŠPG?Q
    QCK?L?Q ?QNPCQQCQ?PRCPG?GQQGQR™JGA?CBG?QR™JGA?BCPCNMSQMBGKGLSCKCKN?AGCLRCQFGNCPRCLQMQNMPTMJR?BC C 
    KK'E PCQNCARGT?KCLRC%MGLMR?BMOSCCQQ?QKSB?L?QQŽMQGELG¤A?RGT?KCLRCK?GMPCQBMOSC?OSCJ?QCVNCPGKCLR?B?Q
    NMPNCQQM?QAMKNPCQQŽM?PRCPG?JBCPCNMSQMLMPK?JOSCPC?​JG​X?P?K?KCQK?PMRGL?BCCVCPA”AGMQ
    "MK?NMNSJ?PGB?BCAPCQACLRCBMRPCGL?KCLRMAMKCVCPA”AGMQBCPCQGQR‘LAG? R?K@KDMGCV?KGL?BMQCSKNPMEP?K?BC
    JCT?LR?KCLRM BC NCQM R?K@K NMBCPG? KMBG¤A?P ? NPCQQŽM ?PRCPG?J BC PCNMSQM CLRPC ?Q NCQQM?Q FGNCPRCLQ?Q R M
    KMKCLRM ?QCTGB‘LAG?QQSECPCKOSC CK@MP?MNPMEP?K?BCPCQGQR‘LAG?PCBSX??NPCQQŽM?PRCPG?JBCPCNMSQM CJCMD?XCK
    SK KCLMP EP?S BM OSC SK NPMEP?K? BC RPCGL?KCLRM BC ,5+<9(5*, #C D?RM  CK@MP? RCLF? QGBM AMLAJS”​BM OSC CJCQ QŽM
    CQR?RGQRGA?KCLRC QGELG¤A?RGTMQ  MQ BCAJ”LGMQ GLBSXGBMQ NCJM RPCGL?KCLRM BC PCQGQR‘LAG? CK ?K@?Q ?Q NPCQQŽM ?PRCPG?GQ
    QGQR™JGA?CBG?QR™JGA? CKAMLBGCQBCPCNMSQMDMP?KBC?NCL?QKK'E GLB??QQGK KCQKMCQQ?QKCLMPCQPCBSCQL?
    NPCQQŽM?PRCPG?JNMBCK?RCLS?P?GLAGB‘LAG?BC?AGBCLRC​T?QASJ?PCLACDŠJGAMCBCBMCL​?A?PB”?​A?CK?RCKN?AGCLRCQ
    AMKFGNCPRCLQŽM

    ! 

    6=6G252AC6DDv@2CE6C:2=@F9:A6CE6?Dv@276E2F>8C2?56D68>6?E@52>2:@C:252DD@4:65256D@4:56?E2:D
    %EC6:?2>6?E@566?5FC2?4656:?E6?D:5256>@56C252C62​=:​J25@A@CF>A6C{@​5@56GsC:2DD6>2?2DC65FJ676E:G2>6?E62DAC6DDv@
    2CE6C:2:DD:DE=:4265:2DE=:4256C6A@FD@6>A6DD@2D4@>@FD6>9:A6CE6?Dv@
    %EC6:?2>6?E@56C6D:DEy?4:2E2>3x>5:>:?F:2AC6DDv@2CE6C:2=56C6A@FD@6>A24:6?E6D9:A6CE6?D@D>2D6>F>8C2F>6?@C5@
    BF6@EC6:?2>6?E@566?5FC2?46
    %EC6:?2>6?E@7{D:4@C65FJ2AC6DDv@2CE6C:2=5FC2?E6@6I6C4{4:@6A@C2=8F>E6>A@2AD@L?2=5@6I6C4{4:@

    012%,%&$"0,

    6<
    3I=ŒOG;GOFB?L>?;HIM>?C>;>??;=;<IO>?>?M=I<LCLKO??MN†AL†PC>; 3I=?MN†?H=;HN;>;=IG;
    HIN=C;
     G;M
     ;J•M ?MN;L CH;NCP; >?M>? I ?HMCHI GŒ>CI
     PI= =IG?‹IO ;J?H;M L?=?HN?G?HN? OG JLIAL;G; >?
    =IH>C=CIH;G?HNI@MC=I??MN†JL?I=OJ;>;JILKO?;AIL;PI=N?L†KO?J;L;L>?M??R?L=CN;L ,KO?PI=>?P?
    @;T?L

    9A
    3I=?RJL?MM;MO;MJL?I=OJ;‹™?MJ;L;MO;GŒ>C=;H;JL•RCG;=IHMOFN; "F;FB?>CTKO?
    ?HKO;HNIM?F?P;?G
    =IHMC>?L;‹ŠI KO? PI= ?MN† AL†PC>;
     HŠI B† H?=?MMC>;>? >? CHN?LLIGJ?L I ?R?L==CI JILKO? PI= HŠI N?G
    =IHNL;CH>C=;‹™?M=IGIM;HAL;G?HNIP;ACH;FIOBCMN•LC=I>?J;LNIJLŒ N?LGI !?@;NI
    MO;GŒ>C=;>CTKO?HŠIM•
    ΠM?AOLI M? ?R?L=CN;L >OL;HN? ; AL;PC>?T
     H; L?;FC>;>? ?RCMN?G <?H?@=CIM ; M?L?G A;HBIM N;HNI J;L; ; GŠ?
    KO;HNIJ;L;I<?< 3I=;JL?H>?KO?;M=B;H=?M>?MI@L?L>C;<?N?MA?MN;=CIH;FIOJLŒ ?=F‡GJMC;X>O;M>I?H​
    ‹;M =IGOHM L?F;=CIH;>;M =IG ; AL;PC>?T X MŠI
     H; L?;FC>;>?
     L?>OTC>;M ?G GOFB?L?M KO? M? ?R?L=CN;G
    L?AOF;LG?HN??HKO;HNI?MNŠIAL†PC>;M FŒG>CMMI
    ?PC>H=C;MGIMNL;GKO?IMLCM=IM>?J;LNIJL?G;NOLIIO>?
    J;LNI JIL =?M†L?; MŠI >CGCHO​>IM ?G GOFB?L?M KO? M? ?R?L=CN;G >OL;HN? ; AL;PC>?T  0O; GŒ>C=; L?=IG?H>;
    KO?PI=J;LNC=CJ?>??R?L==CI>?&-*&>?CHN?HMC>;>?GI>?L;>;JILGCH
    =IGI=;GCHB;>;
    H;N;‹ŠI
    IO=C=FCMGIH;G;CILC;IO;NŒG?MGI?GNI>IMIM>C;M>;M?G;H; "F;FB?>CTKO?PI=JI>?=IH​NC​HO;L?MM?
    L?ACG? >? ?R?L==CIM ;NŒ I N?L=?CLI NLCG?MNL? >; AL;PC>?T
     G;M KO? PI= >?P? ?PCN;L IM ?R?L==CIM >? ;FNI
    CGJ;=NI
    IO;KO?F?MKO??HPIFP;G;NCPC>;>?M>?M;FNIM

    6<
    3I=ŒIJ;C>?OGA;LINI>?;HIM>?C>;>?KO?N?HN;L†?HNL;LHINCG?>?@ON?<IF>I?HMCHI@OH>;G?HN;FHI
    IONIHI "F?P?G;NŒPI=?J?LAOHN;M?JI>?=IG?‹;L;F?P;HN;LJ?MIMJ;L;;OG?HN;L;@IL‹;?IN;G;HBI​
    GOM=OF;LJ;L;;JL•RCG;?MN;‹ŠI ,KO?PI=>?P?@;T?L

    9A
    3I= @;T OG JIO=I >? J?MKOCM; JIL =IHN; JL•JLC; ? >?M=I<L? KO? Œ M?AOLI J;L; ;M =LC;H‹;M J;LNC=CJ;L?G >?
    NL?CH;G?HNI >? L?MCMNH=C;  3I= N;G<ŒG ;JL?H>? KO?
     JIL =;OM; >; C>;>? >I M?O VFBI ? >I M?O ?MN†ACI >?
    G;NOLC>;>? @MC=;
     ?F? JI>? HŠI A;HB;L GOCN; G;MM; ​GOM=OF;L =IG I NL?CH;G?HNI >? L?MCMNH=C;  "HNL?N;HNI

    =IG OG JLIAL;G; >? NL?CH;G?HNI >? L?MCMNH=C; >?M?HB;>I ;JLIJLC;>;G?HN? ONCFCT;H>I NŒ=HC=;M >? ?R?L==CI
    =ILL?N;M>OL;HN?MO;MM?MM™?M>?NL?CH;G?HNI
    ŒJIMMP?FKO??F?G?FBIL?MCAHCV=;NCP;G?HN?MO;@IL‹; -;L;N?L
    =?LN?T; >? KO? M?O VFBI L?=?<?L† NL?CH;G?HNI ? ILC?HN;‹ŠI ;JLIJLC;>IM ?G L?F;‹ŠI ;I NL?CH;G?HNI >?
    L?MCMNH=C;
    PI=IF?P;;NŒI=?HNLI?MJILNCPIFI=;FJ ?R
    ;=;>?GC;
    =?HNLIL?=L?;NCPI=IGOHCN†LCI?ICHM=L?P?
    ?GM?MM™?MMOJ?LPCMCIH;>;M>?NL?CH;G?HNIJILOG?MJ?=C;FCMN;>?@IL‹;?>?=IH>C=CIH;G?HNI=?LNCV=;>I

    I6C4{4:@6C6DA@DE2D28F52D6AD6I6C4{4:@
    $K@MP? NMSAMQ CQRSBMQ RCLF?K GLTCQRGE?BM AMKM M RPCGL?KCLRM BC CVCPA”AGM GKN?AR? ?Q PCQNMQR?Q B? NPCQQŽM ?PRCPG?J
    BSP?LRC M CVCPA”AGM  ?JESLQ PCQSJR?BMQ GKNMPR?LRCQ DMP?K AMJCR?BMQ $K ECP?J  N?PCAC OSC OS?LBM NCQQM?Q FGNCPRCLQ?Q
    AMKNJCR?K SK NPMEP?K? BC RPCGL?KCLRM BC ,5+<9(5*, BC KSGR?Q QCK?L?Q  QS?Q PCQNMQR?Q ?ESB?Q BC NPCQQŽM ?PRCPG?J ?M
    CVCPA”AGM ?CP™@GM BC GLRCLQGB?BC KMBCP?B? BGKGLSG CK ACPA? BC  KK'E  CLOS?LRM QS? DPC​OS‘LAG? A?PB”?​A? BSP?LRC M
    CVCPA”AGMBGKGLSGCKQCGQ@?RGKCLRMQNMPKGLSRM(QQMGKNJGA?LŽM?NCL?QCKKCJFMP?B??NRGBŽMD”QGA? K?QR?K@KCK
    SKPGQAMBGKGLS”​BMBCB?LMA?PBGMT?QASJ?PBSP?LRCMCVCPA”AGMCKN?AGCLRCQFGNCPRCLQMQ
    /MPK CVGQRCCTGB‘LAG??GLB?K?GQAMLTGLACLRCBCOSC ?QQGKAMKMMAMPPCAMKMQLMPKMRCLQMQ CVGQRCSK?BGKGLSGŽM
    N™Q CVCPA”AGMQGELG¤A?RGT?B?NPCQQŽMQ?LES”i C?CKN?AGCLRCQFGNCPRCLQMQC BCD?RM SK??GLB?K?GMP K@MQMQEPSNMQ
    KMQRP?K M OSC DMG AF?K?BM BC YFGNMRCLQŽM N™Q CVCPA”AGM^  MS SK? OSCB? CK ?K@?Q ?Q NPCQQCQ ?PRCPG?GQ  QGQR™JGA? C
    BG?QR™JGA?  NMP ?R  F ?N™Q M ¤K BM CVCPA”AGM BC ,5+<9(5*, BC GLRCLQGB?BC KMBCP?B? v GKNMPR?LRC PCJ?R?P OSC ?JESLQ
    CQNCAG?JGQR?QNCLQ?KOSCCQQCQCNGQ™BGMQPCNCRGBMQBCFGNMRCLQŽMN™Q CVCPA”AGMNMBCKRCPSKCDCGRMASKSJ?RGTMCCVNJGA?P
    MQBCAJ”LGMQGLBSXGBMQNCJMCVCPA”AGML?NPCQQŽMQ?LES”​LC?BCPCNMSQMCLRPC?QNCQQM?QFGNCPRCLQ?QCLMPKMRCLQ?Q
    AGK? BC RSBM  N?PCAC OSC  NMP QG  M RPCGL?KCLRM D”QGAM  N?P​RGASJ?P​KCLRC M BC L?RSPCX? ?CP™@G?  GLAJSGLBM AMLRP?CQ
    P”RKGA?Q BMQ EP?LBCQ EPSNMQ ​KSQASJ?​PCQ  PC?​JG​X?BM CK GLRCLQGB?BC KMBCP?B? NMP SK NCP”M​BM BC QCK?L?Q  NMBC JCT?P ?
    SK? NPCQQŽM ?PRCPG?J QGELG¤A?RGT?KCLRC KCLMP LM PCNMSQM C BSP?LRC M CVCPA”AGM CK N?AGCLRCQ BG?ELMQRGA?BMQ AMK
    FGNCPRCLQŽMJCTC?KMBCP?B?(QQMTCPB?BCN?P?KSJFCPCQCN?P?FMKCLQBCRMB?Q?QGB?BCQ GLBCNCLBCLRCKCLRCB?P??
    4KNPCQAPGŽM?NPMNPG?B?BCCVCPA”AGMQN?P?CQQCQN?AGCLRCQBCTCQCPQGKGJ?PPCAMKCLB?B?N?P??NMNSJ?ŽM?BSJR?CK
    ECP?J  CLD?RGX?LBM M CVCPA”AGM BC ,5+<9(5*, BC GLRCLQGB?BC KMBCP?B?  AMK BSP?ŽM BC  ?  KGL  PC?​JG​X?BM  QCLŽM CK
    RMBMQ L?K?GMPG?BMQBG?QB?QCK?L? NMBCLBMQCPQSNJCKCLR?BMAMKCVCPA”AGMBCPCQGQR‘LAG?MSTCXCQQCK?L?
    #% @$%

    .Q@CLCD”AGMQBMRPCGL?KCLRMBCCVCPA”AGMNMBCKQCP?NPMTCGR?BMQNP?RGA?KCLRCNMPRMBMQ$LRPCR?LRM ?JESLQEPSNMQBC
    NCQQM?QNMBCKRCPACPR?QAMLQGBCP?CQCMSNPGMPGB?BCQOSCBCTCKQCPJCT?B?QCKAMLR?LMKMBMAMKMCJCQNPMHCR?KQC
    CLTMJTCPCKNPMEP?K?QBCCVCPA”AGMQ QKSJFCPCQ M@TG?KCLRC NMBCKQCCVCPAGR?PL?QKCQK?QGLRCLQGB?BCQCDPC​OS‘LAG?Q
    BM OSC MQ FMKCLQ C @CLC¤AG?P QC B?Q ?B?NR?CQ NMQGRGT?Q L? KCQK? CQA?J? /CQOSGQ?Q KMQRP?K OSC ? A?N?AGB?BC BC QC
    CVCPAGR?PMSBCN?PRGAGN?PBCCTCLRMQ?RJRGAMQLŽMKMBG¤A?B?NCJMAGAJMKCLQRPS?J2CKCJF?LRCKCLRC MCVCPA”AGMNMBC
    CBCTC QCPPC?​JG​X?BMBSP?LRC?EP?TGBCX N?PRGLBMBMNPGLA”NGMBCOSC?KSJFCPCQRŠQ?SBŠTCJCBCOSCLŽMCVGQRCLCLFSK?
    AMLRP?GLBGA?ŽM KBGA?  ?RGTGB?BC D”QGA? BGŠ​PG? R?K@K  PCAMKCLB?B? N?P? APG?L?Q  C MQ PCEGKCQ BC RPCGL?KCLRM BC
    CVCPA”AGMQ K?GQ CQRPSRSP?BMQ QŽM GLRCGP?KCLRC ?NPMNPG?BMQ N?P? ?BMJCQACLRCQ $LRPC MQ GBMQMQ  M RPCGL?KCLRM D”QGAM NMBC
    RP?XCP SK? E?K? BC @CLCD”AGMQ N?P? ? Q?ž​BC C M RPCGL?KCLRM BC PCQGQR‘LAG? NMBC QCP SK @CLCD”AGM N?P​RGASJ?P "MK ?
    QSNCPTGQŽMKBGA??BCOS?B? KCQKMNCQQM?QAMKBMCL​?QAMKM?QK?CBG?@CRCQQŽMCLAMP?H?B?Q?N?PRGAGN?PPCESJ?PKCLRC
    BCNPMEP?K?QBCCVCPA”AGMQ.QN?AGCLRCQAMK'(5 (#2?NPMTCGR?K@CLCD”AGMQQGELG¤A?RGTMQBMCVCPA”AGM CQNCAG?JKCLRC
    M RPCGL?KCLRM BC PCQGQR‘LAG? N?P? AMLRPMJ?P M BCQE?QRC ​KSQASJ?P OSC ECP?JKCLRC MAMPPC L?OSCJ? BMCL​?  K?GMPG? B?Q
    NCQQM?QAMKCNGJCNQG?NMBCQCCVCPAGR?PAMKQCESP?L? NCPKGRGLBMOSCCJ?Q?NPMTCGRCKMQ@CLCD”AGMQQ?ž​BCPCJ?AGML?BMQ
    AMKMCVCPA”AGM CNMBCK?RM@QCPT?PBCAJ”LGMLMLžKCPMBCAMLTSJQCQNMPA?SQ?B?PCBSŽMBCCQRPCQQC%GL?JKCLRC ?
    NCQOSGQ?KMQRPMSAJ?P?KCLRCOSCNCQQM?QAMKFGNCPRCLQŽMJCTC?KMBCP?B?NMBCK CBCTCK N?PRGAGN?PBCSKNPMEP?K?
    BCRPCGL?KCLRMD”QGAMAMKDMAM NPGLAGN?JKCLRC L?Q?RGTGB?BCQ?CP™@G?QN?P??BKGLGQRP?PCDCRGT?KCLRCQS?AMLBGŽM

    %#$E#"&#=

    #>11:/4--?8-/A:-?
    ?SQ‘LAG?BCNCP”M​BMQKCLQRPS?GQAF?K?B?BC====
     AMLBGŽM NCPQGQRCLRC BC FGNCPRCLQŽM CVNCPGKCLR?B? NMP ?JESK?Q KSJFCPCQ BSP?LRC ? EP?TGBCX  AF?K?B? BC
    =========
    =========MNCP”M​BMBCTGB?OSCT?GBML?QAGKCLRMBCSK?APG?L??RMQCSNPGKCGPM?LGTCPQŠPGM
     CAMLMKG?B?AMPPGB?=========CKAPG?L?Q CKPCJ?ŽM?MQ?BSJRMQ
     . LžKCPM APCQACLRC BC APG?L?Q AMLQGBCP?B?Q M@CQ?Q  NPCMASN?LRC CK N?PRC NMPOSC CQRŠ ?QQMAG?BM  GLAGB‘LAG?
    ?SKCLR?B?BC=========
     .RCPKM=========QCPCDCPCNCPB?BCK?QQ?​KSQASJ?POSCMAMPPCAMKMCLTCJFCAGKCLRM
     #G?@CRCQ=========MAMPPCOS?LBM?QAJSJ?QOSCNPMBSXCKGLQSJGL?DMP?KBCQRPS”​B?Q CKECP?JNCJMQGQRCK?GKSLC
     /CQQM?Q AMK BG?@CRCQ RGNM  OSC CQRŽM AMKC?LBM SK NPMEP?K? BC RPCGL?KCLRM BC PCQGQR‘LAG? BCTCK PC?​JG​X?P
    =========PCNCRGCQNMPQPGC
     =========SK?BMCL​?A?B?TCXK?GQAMKSKA?P?ARCPGX?B?NMPSKAMLHSLRMBCBGQRžP@GMQOSCGLAJSCKM@CQGB?BC
    FGNCPRCLQŽM PCQGQR‘LAG?GLQSJGL?CFGNCPJGNGBCKG?

    $K EP?LBC BGKCLQŽM  ? PCBSŽM BC ?NRGBŽM A?PBGMT?QASJ?P ?CP™@G?  OSC MAMPPC CK NCQQM?Q AMK '(5 (#2  NMP
    A?SQ?BC=========BCLRPMB?Q¤@P?Qh SQASJ?mCQCQOSCJRGA?Q
    n8@5<8-1?/;84-
    0S?JRGNMBC¤@P?
    h SQASJ?PMASN??K?GMPOS?LRGB?BCBMR?K?LFMh SQASJ?PRMR?JCKKSJFCPCQ
    ? 3GNM(
    @ 3GNM((
    A 3GNM((7
    B -ŽMCVGQRCKBGDCPCL?QCLRPCMQRGNMQBC¤@P?Q
    0S?JRGNMBC¤@P?
    h SQASJ?PMASN??K?GMPOS?LRGB?BCBMR?K?LFMh SQASJ?PRMR?JCKFMKCLQ
    ? 3GNM(
    @ 3GNM((
    A 3GNM((7
    B -ŽMCVGQRCKBGDCPCL?QCLRPCMQRGNMQBC¤@P?Q
    RCLQŽMCQNCA”¤A? MS?DMP?NPMBSXGB?LMPK?JGX?B?NCJMR?K?LFMh SQASJ?P 
    ? ,?GMPCKFMKCLQBMOSCCKKSJFCPCQ
    @ ,?GMPCKKSJFCPCQBMOSCFMKCLQ
    A KCQK?N?P?FMKCLQCKSJFCPCQ
     .,5+<9(5*,​KSQASJ?P MS?A?N?AGB?BCBCPCQGQRGPD?BGE?​KSQASJ?P 
    ? ,?GMPCKFMKCLQBMOSCCKKSJFCPCQ
    @ ,?GMPCKKSJFCPCQBMOSCCKFMKCLQ
    A .KCQKMN?P?FMKCLQCKSJFCPCQ
     NCQOSGQ?M@QCPT?ECP?JKCLRCOSC?NMR‘LAG?​KSQASJ?P MS?YDMP?CVNJMQGT?^ 
    ? ,?GMPCKFMKCLQBMOSCCKKSJFCPCQ
    @ ,?GMPCKKSJFCPCQBMOSCCKFMKCLQ
    A KCQK?N?P?FMKCLQCKSJFCPCQ
     #SP?LRCM,5+<9(5*, MSMCVCPA”AGM?CP™@GM ?QKSJFCPCQ
    ? #CNCLBCKK?GQB?QEMPBSP?QAMKMQS@QRP?RMCLCPERGAMBMOSCMQFMKCLQ
    @ #CNCLBCKK?GQBMQA?P@MGBP?RMQAMKMQS@QRP?RMCLCPERGAMBMOSCMQFMKCLQ
    A #CNCLBCKK?GQB?QNPMRC”​L?QAMKMQS@QRP?RMCLCPERGAMBMOSCMQFMKCLQ
    B NPCQCLR?KMKCQKMSQMBCQS@QRP?RMQCLCPERGAMQCQNCA”¤AMQBMQFMKCLQ
     $KKBG? MNGAMB?R?V?BCAPCQAGKCLRMD”QGAM?SKCLRMBC?JRSP? BSP?LRC?D?QC?BMJCQACLRCB?KSJFCPMAMPPC?MQ
    ? ?LMQBCGB?BC
    @ ?LMQBCGB?BC
    A ?LMQBCGB?BC
    B ?LMQBCGB?BC
     0S?LBMCVNPCQQMCKRCPKMQPCJ?RGTMQ0, Kl\IEZ\KGLZ MAMLQSKMKŠVGKMBCMVGE‘LGM
    ? ,?GMPCK?BSJRMQ
    @ ,?GMPCK?BMJCQACLRCQ
    A ,?GMPCKAPG?L?Q
    B 2GKGJ?PCK?BSJRMQ ?BMJCQACLRCQCAPG?L?Q
     QEJ‹LBSJ?QQSBMP”DCP?QBCAPG?L?Q
    ? 2ŽMK?GQPCQNMLQGT?Q?M?SKCLRMB?RCKNCP?RSP?BMOSC?QBC?BSJRMQ
    @ 3‘KK?GMPA?N?AGB?BCBCNPMBSXGPQSMPBMOSC?QBC?BSJRMQ
    A 3‘KKCLMPA?N?AGB?BCBCNPMBSXGPQSMPBMOSC?QBC?BSJRMQ
    B /PMBSXCKSKQSMPK?GQBGJS”​BMBMOSC?QBC?BSJRMQ

    .LžKCPMAPCQACLRCBCAPG?L?QAMLQGBCP?B?QM@CQ?QSK?NPCMASN?ŽM NCJMKCLMQCKN?PRC NMPOSCCQRŠ?QQMAG?BM
    GLRGK?KCLRCAMKM?SKCLRMBCGLAGB‘LAG?BCOS?JBMCL​?
    ? .QRCMNMPMQC
    @ LCKG?
    A #G?@CRCQRGNM
    B #G?@CRCQRGNM
    0S?JBMQD?RMPCQ?QCESGP?NPGLAGN?JP?XŽMNMPOSCMAMLQSKMKŠVGKMBCMVGE‘LGMPCBSXGBMCLRPCMQGBMQMQ
    ? 5MJSKCBCCHCŽMPCBSXGBM
    @ "MLRCž​BMBGKGLS”​BMBCKGMEJM@GL?LM​KžQASJM
    A "?NGJ?PGX?ŽM​KSQASJ?PBGKGLS”​B?
    B %PC​OS‘LAG?A?PB”?​A?KŠVGK??SKCLR?B?
    .BCAJ”LGMB?DMP?​KSQASJ?PPCJ?AGML?BMAMK?GB?BCAMKC?CKOS?JGB?BC
    ? ?LMQ
    @ ?LMQ
    A ?LMQ
    B ?LMQ
    .BCAJ”LGMB?NMR‘LAG?​KSQASJ?PPCJ?AGML?BMAMK?GB?BCAMKC?CKOS?JGB?BC
    ? ?LMQ
    @ ?LMQ
    A ?LMQ
    B ?LMQ
     0S?JBMQQCESGLRCQRGNMQBCCVCPA”AGMQCPG?K?GQCDCRGTML?NPCTCLŽMB?MQRCM​NMPMQC MSPCBSŽMBCK?QQ?™QQC?
    ? -?R?ŽM
    @ "GAJGQKM
    A "GAJMCPEšKCRPM
    B "?KGLF?B?MSAMPPGB?JCTC
     QQGKAMKMMAMPPCAMKMQ?BSJRMQHMTCLQ OS?LBM?BSJRMQK?GQTCJFMQN?PRGAGN?KBCSKNPMEP?K?BCRPCGL?KCLRMBC
    ,5+<9(5*,NPMEP?K?BM?BCOS?B?KCLRC CJCQCVNCPGKCLR?KOS?LRMBCKCJFMP?LMQCSAMLQSKMKŠVGKMBCMVGE‘LGM
    ? ?
    @ ?
    A ?
    B ?
     0S?JBMCL​?A?P?ARCPGX?B?NCJ?PCQNGP?ŽMBGD”AGJ AMKAFG?BM CNCJM?NCPRMLMNCGRM
    ? 'GNCPRCLQŽM
    @ QK?
    A #G?@CRCQRGNM
    B .QRCMNMPMQC
     .RGNMBCCVCPA”AGMK?GQCDCRGTMN?P??HSB?PNCQQM?QAMK?QK?
    ? 3PCGL?KCLRMBCPCQGQR‘LAG?
    @ 3PCGL?KCLRMBCCOSGJ”@PGM
    A 3PCGL?KCLRMBC?EGJGB?BC
    B 3PCGL?KCLRM?CP™@GMNPMJMLE?BMPCQSJR?LBMCKPCQNGP?ŽMNPMDSLB?
     0S?JBMCL​?K?GQ@CKA?P?ARCPGX?B?NMPSK?GLA?N?AGB?BCBCK?LRCP?QAMLACLRP?CQBCEJGAMQCBCLRPMBMQJGKGRCQ
    LMPK?GQ
    ? #G?@CRCQ
    @ .QRCMNMPMQC
    A QK?
    B '(5 (#2
     )SLRMAMK?M@CQGB?BC OS?JB?QQCESGLRCQMNCQDMG?QQMAG?B??M?SKCLRMBCGLAGB‘LAG?BCBG?@CRCQRGNM
    ? "MLQSKMBGKGLS”​BMBCA?P@MGBP?RMQL?BGCR?
    @ "MLQSKM?SKCLR?BMBCNPMBSRMQJŠARCMQ
    A 0S?LRGB?BC?SKCLR?B?BC?RGTGB?BCD”QGA?BGŠ​PG?CBCCVCPA”AGM
    B 0S?LRGB?BCBGKGLS”​B?BC?RGTGB?BCD”QGA?BGŠ​PG?CBCCVCPA”AGM

    A?P?ARCP”QRGA?OSCBC¤LC?CNGJCNQG?
    ? "MLTSJQCQPCAMPPCLRCQ
    @ /PCQQŽM?PRCPG?JCJCT?B?
    A 2CLQG@GJGB?BCBGKGLS”​B?GLQSJGL?
    B zLBGACBCK?QQ?AMPNMP?J(," GES?JMSK?GMP?
    )1>0-015>;;A2-8?;
    .AMLQSKMKŠVGKMBCMVGE‘LGMBCKSJFCPCQ?KCLMPBMOSCMBCFMKCLQ
    0S?LBM ?NPCQCLR?B?Q ?M KCQKM CQR”KSJM BC RPCGL?KCLRM BC PCQGQR‘LAG?  ?Q KSJFCPCQ CVNCPGKCLR?K ?Q KCQK?Q
    KCJFMPG?QPCJ?RGT?QBC?SKCLRMB?JGLF?BC@?QC BCDMP?OSCMQFMKCLQ
    NCQOSGQ?KMQRPMSAMLAJSQGT?KCLRCOSC?DMP?T?PG?BC?AMPBMAMK?D?QCBMAGAJMKCLQRPS?J
     2CBCGV?B?QCKAMLRPMJC ?NP CAJ‹KNQG?NMBCPCQSJR?PCKKMPRCB?ECQR?LRC
     .​KžQASJMCQOSCJRGAMAMKNPCCLBCSK?NMPACLR?ECKK?GMPBMNCQMAMPNMP?JRMR?JCKKSJFCPCQBMOSCCKFMKCLQ
     "MK M RPCGL?KCLRM C ? RALGA? ?BCOS?BMQ  M RPCGL?KCLRM BC PCQGQR‘LAG? NMBC QCP PC?​JG​X?BM NMP APG?L?Q AMK
    QCESP?L?
     $KECP?J ?NMR‘LAG??L?CP™@G?KCLMPCKAPG?L?QBMOSCCK?BSJRMQ
     #SP?LRC ? PCBSŽM BC R?K?LFM ​KSQASJ?P OSC MAMPPC LM CLTCJFCAGKCLRM  QŽM ?Q ¤@P?Q h SQASJ?
    mCQ BM RGNM  OSC
    BCKMLQRP?K?K?GMPOS?LRGB?BCBC?RPM¤?
     v ? BGKGLSGŽM BM LžKCPM BC ¤@P?Q  CK TCX B? BGKGLSGŽM BC QCS R?K?LFM  OSC AMLRPG@SG NPGLAGN?JKCLRC N?P? ?
    PCBSŽMBCK?QQ?​KSQASJ?POSCMAMPPCAMKMCLTCJFCAGKCLRM

    $K ECP?J  OS?LBM ?NPCQCLR?BMQ ?M KCQKM CQR”KSJM BC RPCGL?KCLRM BC PCQGQR‘LAG? GLRCLQGB?BC  BSP?ŽM  DPC​OS‘LAG?
    KMBM MQE?LFMQBCDMP?PCJ?RGT?GLBSXGBMQNCJMRPCGL?KCLRMBC?SKCLRMQM@PC?JGLF?BC@?QC BCRCAR?BMQCLRPC
    MQGBMQMQQŽMQCKCJF?LRCQ?MQBC?BSJRMQHMTCLQ
    .PE?LGX?CQKBGA?QCBCQ?ž​BC AMKM? KCPGA?L3FMP?AGA2MAGCRWCM KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC
    PCAMKCLB?KOSCNCQQM?QAMK?QK?LŽMN?PRGAGNCKBCNPMEP?K?QBCCVCPA”AGMQPCESJ?PCQ
    ,CQKMNCQQM?QOSCLŽMR‘K?QK?NMBCKCVNCPGKCLR?PMQQGLRMK?QB? ($
    #C ?AMPBM AMK ? KCPGA?L #G?@CRCQ QQMAG?RGML  ?Q NCQQM?Q AMK BG?@CRCQ RGNM  ?BCOS?B?KCLRC ?BKGLGQRP?BM QŽM
    A?N?XCQBCPC?​JG​X?P?R?RGTGB?BCD”QGA??JR?KCLRCGLRCLQ?CBCNP?RGA?PCQNMPRCQ
     .RPCGL?KCLRMBCCVCPA”AGMQNMBC?HSB?P?CTGR?PC?RP?R?PR?LRMMBG?@CRCQRGNMOS?LRMMRGNM
     &CP?JKCLRC  PCAMKCLB? QC OSC NCQQM?Q BG?ELMQRGA?B?Q AMK '(5 (#2 PC?JGXCK RPCGL?KCLRM BC PCQGQR‘LAG?
    PCESJ?PKCLRC
    $A1?@m1?;.61@5B-?
    /P?RGA?PCVCPA”AGMQQCESPMN?P??QECQR?LRCQ
    vTCPB?BCOSCNCPGEMQMOSCAPG?L?QN?PRGAGNCKBCRPCGL?KCLRMBCPCQGQR‘LAG?
    /P?RGA?PCVCPA”AGMQKSGRMNCPGEMQMN?P??QNCQQM?QAMKFGNCPRCLQŽM
     0S?J?BGDCPCL?CLRPCMBG?@CRCQRGNMCMRGNM
     #?BMMDPŠEGJCQR?BMD”QGAMB?QNCQQM?Q?¥GEGB?QNCJM'(5 NPSBCLRCOSCCJ?QQCCVCPAGRCK
    #1:?-91:@;/>h@5/;
    0S?GQQŽM?QBGDCPCL?QC?QQCKCJF?L?QLMRCAGBM​KSQASJ?PCQOSCJRGAMBCFMKCLQCKSJFCPCQCAMKMMBCQCKNCLFM
    ?RJRGAMNMBCQCP?DCR?BMNMPCJ?Q
    /MP OSC ? MQRCM​NMPMQC  SK? NPCMASN?ŽM BC Q?ž​BC CLRPC MQ GBMQMQ C M OSC NMBC QCP DCGRM N?P? CTGRŠ J?  MS KCQKM
    RP?RŠ J?

    "#&

    4?<5C3m>391NCP”M​BMCLRPCMGL”AGMB?NS@CPB?BCCMGL”AGMB?K?RSPGB?BCD”QGA?
    =5>?BB591?SQ‘LAG?BCKCLQRPS?ŽM
    @?@D?C5KMPRCACJSJ?P@GMJMEGA?KCLRCNPMEP?K?B?
    C=1AMLBGŽMBCPCQNGP?ŽMRP?@?JFMQ? ?AMKN?LF?B?DPCOSCLRCKCLRCNMPAFG?BMCRMQQC OSCA?SQ?B?NMPCQN?QKMC
    AMLQRPGŽMBMQRS@MQ@PMLOSGMJ?PCQ
    9125D5C=5<9D?75CD139?>1<#SKRGNMBCBG?@CRCQ MSBCPCQGQR‘LAG?GLQSJGL? OSCMAMPPCBSP?LRC?EP?TGBCXCK
    ?JESK?QKSJFCPCQ
    9125D5C D9@?  ?JESK?Q TCXCQ AF?K?BM BC BG?@CRCQ YGLD?LRGJ^  SK? BMCL​? CK OSC ? NCQQM? LŽM  A?N?X BC NPMBSXGP
    GLQSJGL?
    9125D5C D9@?  ?JESK?Q TCXCQ AF?K?BM BC BG?@CRCQ YB? GB?BC ?BSJR?^  SK? BMCL​? A?P?ARCPGX?B? NCJ? PCQGQR‘LAG? 
    GLQSJGL?C DPCOSCLRCKCLRC NMPSK?NPMBSŽMBGKGLS”​B?BCGLQSJGL?
    9125D5C BMCL​? A?P?ARCPGX?B? NCJ? GLA?N?AGB?BC B? NCQQM? BC K?LRCP MQ L”TCGQ Q?LES”​LCMQ BC EJGAMQC BCLRPM BC QCSQ
    JGKGRCQLMPK?GQAMKMPCQSJR?BMB?GLQS¤AG‘L ^G?BMN‹L ^PC?QBCNPMBSXGPCQCAPCR?PMFMPKšLGMGLQSJGL?N?P??AMPPCLRC
    Q?LES”​LC?RGNM MSNCJ?QCLQG@GJGB?BCBGKGLS”​B?BMQRCAGBMQ ?JTMBMFMPKšLGMRGNM 
    CDB?7m>9? FMPKšLGM CQRCPMGBC QCVS?J DCKGLGLM NPMBSXGBM NPGLAGN?JKCLRC NCJMQ MTŠPGMQ JK BMQ QCSQ N?NGQ L?
    NPMKMŽMB?AMLACNŽM CJCPCQNMLQŠTCJNCJMBCQCLTMJTGKCLRMB?QA?P?ARCP”QRGA?QQCVS?GQQCASLBŠPG?QDCKGLGL?Q
    >6h>391NCP”M​BMCLRPCMNPGKCGPM?LGTCPQŠPGMCMGL”AGMB??BMJCQA‘LAG?
    #5>1B31?NPGKCGP?KCLQRPS?ŽMBCSK?KSJFCP MAMPPC?N™Q?NS@CPB?BC
    #5>?@1EC1M¤KBMNCP”M _ MKCLQRPS?JB?QKSJFCPCQ K?PA?M¤KBCQCSQ?LMQPCNPMBSRGTMQ
    %25C94145 SK? AMLBGŽM BC CVACQQM BC EMPBSP? AMPNMP?J ?JESK?Q TCXCQ  GBCLRG¤A?B? AMKM ? NPCQCL? BC ”LBGAC BC
    K?QQ?AMPNMP?J?AGK?BC
    %CD5?@?B?C5SK?AMLBGŽMBCBCLQGB?BCKGLCP?J™QQC?BGKGLS”​B? OSCJCT??M?SKCLRMBMPGQAMBCDP?RSP?K?GQAMKSK
    CKKSJFCPCQ?N™Q?KCLMN?SQ?
    &B9=59B19>6h>391NCP”M​BMBCRCKNMCLRPCML?QAGKCLRMCMNPGKCGPM?LGTCPQŠPGMB?APG?L?
    &B?75CD5B?>1FMPKšLGMCQRCPMGBCQCVS?JDCKGLGLMNPMBSXGBMNPGLAGN?JKCLRCNCJMQMTŠPGMQ2S?QAMLACLRP?CQ¥SRS?K
    BSP?LRCMAGAJMKCLQRPS?J ?DCR?LBM?RCKNCP?RSP?ACLRP?J
    &Bl53<h=@C91NPCQQŽM?PRCPG?JCJCT?B?K?LGDCQR?B?NMP?JESK?QKSJFCPCQBSP?LRC?EP?TGBCX
    )1B3?@5>91PCBSŽMB?K?QQ?​KSQASJ?PCQOSCJRGA?OSCMAMPPCLMGBMQM
    )o>4B?=5=5D12s<931AMLHSLRMBCTŠPGMQNPM@JCK?QBCQ?ž​BC QCLBMMQNPGLAGN?GQFGNCPRCLQŽM M@CQGB?BC BGQJGNGBCKG?C
    PCQGQR‘LAG?GLQSJGL?
    *5CD?CD5B?>1NPGLAGN?JFMPKšLGMCQRCPMGBCQCVS?JK?QASJG​LMvNPMBSXGBMNPGLAGN?JKCLRCNCJMQRCQR”ASJMQCKFMKCLQC
    NCJMQ MTŠPGMQ CK KSJFCPCQ $J? LŽM Q™ CQRGKSJ? M BCQCLTMJTGKCLRM B?Q A?P?ARCP”QRGA?Q QCVS?GQ QCASLBŠPG?Q K?QASJGL?Q
    ?LBPME‘LGA?Q K?QR?K@KRCKCDCGRMQ?L?@™JGAMQBCDMPK?ŽMBC​KžQASJMQ 
    *Bo1​45411D<5D165=9>9>1AMK@GL?ŽMBCRP‘QNPM@JCK?QKBGAMQCLAMLRP?BMQCKKSJFCPCQZBC¤AG‘L^G?A?J™PGA?NMP
    A?SQ?BMCVCPA”AGM?SKCLR?BMCBCBGCR?Q ?KCLMPPCG?CBCLQGB?BCKGLCP?J™QQC?BGKGLS”​B?

    "?#
     @BG1 %GMPGL?/  BP?"- CR?J(KKSLMKMBSJ?RGML@WKCQCLAFWK?JQRCKACJJQ?NMRCLRG?JRFCP?NCSRGAQRP?RCEWDMP
    RWNCBG?@CRCQ#G?@CRCQZ
     J@PCAFR'$LBMPNFGLQ QNMPR?LBCNGJCNQWECRRGLE¤RMPF?TGLEMLC-9,CB)
     LBCPQML2# #?TGQI?Q$3FCKCAF?LGQKMDCVCPAGQC GLBSACB?QRFK?GQ_) JJCPEW"JGL(KKSLMJZ
    
     LG?LQQML 'CB@CPE, 'CLLGLE&! CR?J,SQAJCKMPNFMJMEW CLXWK?RGA?ARGTGRW ?LBKSQAJCQRPCLERFGLCJBCPJW
    KCL?DMJJMU SNQRSBW,SQAJC-CPTCZ
     PR?J1 "?R?LX?PM1! &?T?PB) CR?J JGDCQRWJCGLRCPTCLRGMLMDUCGEFR E?GLPCQRPGARGMLBGCR?LBCVCPAGQCGLM@CQC
    UMKCLUGRFECQR?RGML?JBG?@CRCQKCJJGRSQ NNJ/FWQGMJ-SRP,CR?@Z
     !CLCIC1 'SRJCP, )SLE, CR?J,MBCJGLERFC@JMMBJ?AR?RCIGLCRGAQ?RK?VGK?JQFMPR RCPKCVCPAGQCAMLBGRGMLQGL
    AFGJBPCL ?BMJCQACLRQ ?LB?BSJRQ) NNJ/FWQGMJZ
     !F?QGL2 2RMPCP36$VCPAGQCPCEGKCLQDMPKCLUGRF'(5) , Z
     !GCPK?L"6 2NGPM2& /CRFCP?K("F?P?ARCPGX?RGMLMDRFCJ?RCPCQNMLQCGLCVCPAGQC GLBSACB?QRFK?) JJCPEW"JGL
    (KKSLMJZ
     !JSKCLRF?J) 2FCPUMMB &SJJCRRC$" CR?J$VCPAGQC?LBUCGEFRJMQQPCBSAC@JMMBNPCQQSPCGLKCL?LBUMKCL
    UGRF KGJB FWNCPRCLQGML CDDCARQ ML A?PBGMT?QASJ?P  KCR?@MJGA  ?LB FCKMBWL?KGA DSLARGMLGLE PAF (LRCPL ,CB
    Z
     !PMLQIW $  8CECL 4  8CF ",  CR ?J %MPKMRCPMJ NPMTGBCQ JMLE J?QRGLE NPMRCARGML ?E?GLQR CVCPAGQC GLBSACB
    @PMLAFMQN?QK LL JJCPEW QRFK?(KKSLMJZ
     !SRJCP $  )?LQML )  !MLLCP 6CGP 2  CR ?J !CR? ACJJ BC¤AGR ?LB GLAPC?QCB @CR? ACJJ ?NMNRMQGQ GL FSK?LQ UGRF RWNC 
    BG?@CRCQ#G?@CRCQZ
     "?BC63 /CP?JR?+ *CWQCP1$ CPM@GAA?N?AGRWGLJ?RC?BMJCQACLRQGLDCARCBUGRF'(5?LBAMLRPMJQ/CBG?RP1CF?@GJ
    Z
     "?K?PEM "  )P  6CGQQ 23  9F?LE 2  CR ?J /PMQNCARGTC QRSBW MD @MBW K?QQ GLBCV  UCGEFR AF?LEC  ?LB PGQI MD ?BSJR
    MLQCR?QRFK?GLUMKCL PAF(LRCPL,CBZ
     "?LLML) *?W# 3?PNCLLGLE*, CR?J"MKN?P?RGTCCDDCARQMDPCQGQR?LACRP?GLGLEMLNC?IGQMKCRPGARMPOSC KSQAJC
    FWNCPRPMNFW TMJSLR?PW?ARGT?RGML?LBQSPD?AC$,&@CRUCCLWMSLE?LBCJBCPJWUMKCL"JGL/FWQGMJ%SLAR(K?EGLE
    Z
     "F?PIMSBG?L -  )MWLCP ,) /FWQGMJMEGA AMLQGBCP?RGMLQ DMP CVCPAGQC NCPDMPK?LAC GL UMKCL "JGL "FCQR ,CB
    Z
     "FCSTPMLR 2-  "?PRCP 1  #CPSGQQC?S *"  CR ?J 1SLLGLE NCPDMPK?LAC BGDDCPCLACQ @CRUCCL KCL ?LB UMKCL ?L
    SNB?RC2NMPRQ,CBZ
     "GAAMJM)3 )MUCPQ$, !?PRFMJMKCU)!3FC@CLC¤RQMDCVCPAGQCRP?GLGLEDMPOS?JGRWMDJGDCGL'(5 (#2GLRFCNMQR
    ' 13CP?2NMPRQ,CBZ
     "J?PI!" ,?LGLG3, 3FC#) CR?J&CLBCPBGDDCPCLACQGLQICJCR?JKSQAJCD?RGE?@GJGRW?PCPCJ?RCBRMAMLRP?ARGMLRWNC
    ?LB$,&QNCARP?JAMKNPCQQGML) NNJ/FWQGMJZ
     "MLMLGC"" &P?TCQ)$ /MJJMAI,+ CR?J$DDCARMDCVCPAGQCRP?GLGLEML@JMMBNPCQQSPCGL RM WP MJBKCL?LB
    UMKCL,CB2AG2NMPRQ$VCPAZ
     #?KK /  !PCGRMUGAX !  'CE??PB ' $VCPAGQC  NPCEL?LAW  ?LB GLQSJGL QCLQGRGTGRWcUF?R GQ LCU NNJ /FWQGMJ -SRP
    ,CR?@Z
     #CKNQCW)" !SRJCP"+ 2MPCLQCL3* CR?J A?QCZAMLRPMJQRSBWMDK?RCPL?JPCAPC?RGML?JNFWQGA?J?ARGTGRW?LBPGQIMD
    ECQR?RGML?JBG?@CRCQKCJJGRSQ#G?@CRCQ1CQ"JGL/P?ARZ
     #CKNQCW)" 2MPCLQCL3* 6GJJG?KQ, CR?J/PMQNCARGTCQRSBWMDECQR?RGML?JBG?@CRCQKCJJGRSQPGQIGLPCJ?RGMLRM
    K?RCPL?JPCAPC?RGML?JNFWQGA?J?ARGTGRW@CDMPC?LBBSPGLENPCEL?LAW K)$NGBCKGMJZ
     #SAJMQ, "MPASDD)! 1?QFCBG, CR?J3P?GLCBTCPQSQSLRP?GLCBKCLBGDDCPCLRGKKCBG?RCNMQR CVCPAGQCPCQNMLQCQMD
    NGRSGR?PW?BPCL?J?VGQ NPCJGKGL?PWQRSBW$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     #SBECML6# /FGJJGNQ*# "?PQML) CR?J"MSLRCP?ARGLEKSQAJCU?QRGLEGL'(5 GLDCARCBGLBGTGBS?JQ'(5,CB
    Z
     $AICJ1' &PSLBW2, 9GKKCR/93FCKCR?@MJGAQWLBPMKC+?LACRZ
     $LECJIC *  *CKKJCP 6  +?S@CP #  CR ?J $VCPAGQC K?GLR?GLQ @MLC BCLQGRW ?R QNGLC ?LB FGN $%./2 ?  WC?P
    JMLEGRSBGL?JQRSBWGLC?PJWNMQRKCLMN?SQ?JUMKCL.QRCMNMPMQ(LRZ
     %?E?PB 1' $VCPAGQC AF?P?ARCPGQRGAQ ?LB RFC @JMMB NPCQQSPC PCQNMLQC RM BWL?KGA NFWQGA?J RP?GLGLE ,CB 2AG 2NMPRQ
    $VCPA2Z2BGQASQQGML2Z2
     %CLGAAFG?+, *?L?JCW)  XCTCBM)+)P CR?J(L¥SCLACMDPCQGQR?LACCVCPAGQCRP?GLGLEMLEJSAMQCAMLRPMJGLUMKCL
    UGRFRWNCBG?@CRCQ,CR?@MJGQKZ
     %MPB $2  &GJCQ 6'  #GCRX 6' /PCT?JCLAC MD RFC KCR?@MJGA QWLBPMKC ?KMLE 42 ?BSJRQ ¤LBGLEQ DPMK RFC RFGPB
    -?RGML?J'C?JRF?LB-SRPGRGML$V?KGL?RGML2SPTCW) , Z
     %PMLRCP? 61  'SEFCQ 5  %GCJBGLE 1  CR ?J EGLE MD QICJCR?J KSQAJC ?  WP JMLEGRSBGL?J QRSBW ) NNJ /FWQGMJ
    Z
     %SJAM "2  1MAI /!  ,SX? 21  CR ?J 2JMUCP D?RGESC ?LB D?QRCP PCAMTCPW MD RFC ?BBSARMP NMJJGAGQ KSQAJC GL UMKCL
    K?RAFCBDMPQRPCLERFUGRFKCL AR?/FWQGMJ2A?LBZ
     &CSQCLQ/ #GL?LR&(LRCEP?RGLE?ECLBCPBGKCLQGMLGLRMMQRCMNMPMQGQ?LBDP?ARSPCPGQIPCQC?PAF&CLB,CB
    2SNNJ!2Z2
     &MMBWC?P+) 'GPQFK?L,% 5?JWMS/, CR?J&JSAMQCRP?LQNMPRCPLSK@CP DSLARGML ?LBQS@ACJJSJ?PBGQRPG@SRGMLGL
    P?RQICJCR?JKSQAJC?DRCPCVCPAGQCRP?GLGLE#G?@CRCQZ
     &SCJ¤ *)  )MLCQ 36  %MSPLGCP /  -CU GLQGEFRQ GLRM K?L?EGLE RFC PGQI MD FWNMEJWA?CKG? ?QQMAG?RCB UGRF
    GLRCPKGRRCLR FGEF GLRCLQGRW CVCPAGQC GL GLBGTGBS?JQ UGRF RWNC  BG?@CRCQ KCJJGRSQ GKNJGA?RGMLQ DMP CVGQRGLE ESGBCJGLCQ
    2NMPRQ,CBZ
     &SCJ¤ *)  )MLCQ 36  %MSPLGCP /  3FC BCAJGLC GL @JMMB EJSAMQC JCTCJQ GQ JCQQ UGRF GLRCPKGRRCLR FGEF GLRCLQGRW
    AMKN?PCBUGRFKMBCP?RCCVCPAGQCGLGLBGTGBS?JQUGRFRWNCBG?@CRCQ#G?@CRCQ"?PCZ
     '?E@CPE), &P?TCQ)$ +GK?AFCP, CR?J"?PBGMT?QASJ?PPCQNMLQCQMD RM WP MJBKCL?LBUMKCLRMCVCPAGQC
    RP?GLGLE) NNJ/FWQGMJZ
     '?HH?P( *MRAFCL3 3PCLBQGLNPCT?JCLAC ?U?PCLCQQ RPC?RKCLR ?LBAMLRPMJMDFWNCPRCLQGMLGLRFC4LGRCB2R?RCQ
    Z) , Z
     '?IIGLCL *  *?JJGLCL ,  (XOSGCPBM ,  CR ?J "F?LECQ GL ?EMLGQRZ?LR?EMLGQR $,&  KSQAJC "2  ?LB DMPAC BSPGLE
    QRPCLERFRP?GLGLEGLKGBBJC ?ECB?LBMJBCPNCMNJC) NNJ/FWQGMJZ
     '?IIGLCL *  -CURML 14  &MPBML 2$  CR ?J "F?LECQ GL KSQAJC KMPNFMJMEW  CJCARPMKWMEP?NFGA ?ARGTGRW  ?LB DMPAC
    NPMBSARGMLAF?P?ARCPGQRGAQBSPGLENPMEPCQQGTCQRPCLERFRP?GLGLEGLWMSLE?LBMJBCPKCL)&CPMLRMJ !GMJ2AG,CB
    2AG!Z!
     '?JCCK2 +SRAFK?L+ ,?W?FG1 CR?J,MPR?JGRWDMJJMUGLEFGNDP?ARSPCRPCLBQ?LBECMEP?NFGA?JT?PG?RGMLQMTCPRFC
    J?QRWC?PQ(LHSPWZ
     '?JJ#" *?SDK?LL# $DDCARQMD?CPM@GA?LBQRPCLERFAMLBGRGMLGLEMLNPCEL?LAWMSRAMKCQ K).@QRCR&WLCAMJ
    Z
     '?WQ -/  &?J?QQCRRG /1  "MICP 1' /PCTCLRGML ?LB RPC?RKCLR MD RWNC  BG?@CRCQ ASPPCLR PMJC MD JGDCQRWJC  L?RSP?J
    NPMBSAR ?LBNF?PK?AMJMEGA?JGLRCPTCLRGMLQ/F?PK?AMJ3FCPZ
     'C@CQRPCGR' ,GKSP?* !?P .P.1CAMTCPWMDKSQAJCNMUCP?DRCPFGEF GLRCLQGRWQFMPR RCPKCVCPAGQCAMKN?PGLE
    @MWQ?LBKCL) NNJ/FWQGMJZ
     'GAIQ +  *CLR !P?SL )  #GRMP #2 2CV BGDDCPCLACQ GL FSK?L QICJCR?J KSQAJC D?RGESC $VCPA 2NMPR 2AG 1CT
    Z
     'S &  0G?M 0  3SMKGJCFRM )  CR ?J /PCT?JCLAC MD RFC KCR?@MJGA QWLBPMKC ?LB GRQ PCJ?RGML RM ?JJ A?SQC ?LB
    A?PBGMT?QASJ?PKMPR?JGRWGLLMLBG?@CRGA$SPMNC?LKCL?LBUMKCL PAF(LRCPL,CBZ
     'SMTGLCL $  *?NPGM )  +?GRGLCL +  CR ?J 2MAG?J NPCBGARMPQ MD ?BSJR ?QRFK? ? AM RUGL A?QCZAMLRPMJ QRSBW 3FMP?V
    Z
     (TCW%, 1MRF2, %CPPCJJ1$ CR?J$DDCARQMD?EC ECLBCP ?LBKWMQR?RGLECLMRWNCMLRFCFWNCPRPMNFGAPCQNMLQCRM
    FC?TWPCQGQR?LACQRPCLERFRP?GLGLE)&CPMLRMJ !GMJ2AG,CB2AG,Z,
     )?LQCBC)MLEC7 $DDCARQMDRFCKCLQRPS?JAWAJCMLCVCPAGQCNCPDMPK?LAC2NMPRQ,CBZ
     )SBEC). *CLLW , *P?CKCP6)$VCPAGQCGLMJBCP?BSJRQ"MLL,CBZ
     )SJGSQ 2  KCPW  6FGRJMAI +2  CR ?J (L¥SCLAC MD ?EC ML RFC FCKMBWL?KGA PCQNMLQC RM CVCPAGQC "GPASJ?RGML
    Z
     *CWQCP 1$  /CP?JR? +  "?BC 63  CR ?J %SLARGML?J ?CPM@GA GKN?GPKCLR GL ?BMJCQACLRQ QCPMNMQGRGTC DMP '(5 ?
    OS?QGCVNCPGKCLR?J?L?JWQGQ PAF/FWQ,CB1CF?@GJZ
     *LCAFR 2*  ,?WQ 6  &CPBCQ 8,  CR ?J $VCPAGQC CT?JS?RGML MD SNNCP  TCPQSQ JMUCP CVRPCKGRW @JMMB NPCQQSPC
    EP?BGCLRQGLNCBG?RPGA?LBWMSLE ?BSJRN?PRGAGN?LRQ/CBG?RP$VCPA2AGZ
     *MFPR6, ,?JJCW,3 "MEE?L 1 CR?J$DDCARQMDECLBCP ?EC ?LB¤RLCQQJCTCJMLPCQNMLQCMD5MK?VRMRP?GLGLEGL
    ZWPMJBQ) NNJ/FWQGMJZ
     *MJI? ,  2RCNFCLQML +  "MLRPMJ MD QUC?RGLE BSPGLE RFC FSK?L KCLQRPS?J AWAJC $SP ) NNJ /FWQGMJ .AASN
    /FWQGMJZ
     *MQCI#) *GK)2 /CRPCJJ?)* CR?J$D¤A?AWMDB?WQUIPCQGQR?LACRP?GLGLEMLKWM¤@CPFWNCPRPMNFW?LBKWMECLGA
    KCAF?LGQKQGLWMSLETQMJBCP?BSJRQ) NNJ/FWQGMJZ
     *PC@Q-% )?AM@QML,2/PCTCLRGMLMDNCBG?RPGAMTCPUCGEFR?LBM@CQGRW/CBG?RPGAQZ
     +??IQMLCL #$  +?II? ',  -GQI?LCL +*  CR ?J ,CR?@MJGA QWLBPMKC ?LB BCTCJMNKCLR MD BG?@CRCQ KCJJGRSQ
    ?NNJGA?RGML?LBT?JGB?RGMLMDPCACLRJWQSEECQRCBBC¤LGRGMLQMDRFCKCR?@MJGAQWLBPMKCGL?NPMQNCARGTCAMFMPRQRSBW
    K)$NGBCKGMJZ
     +?PQQML+,MRMPSLGRQPCKMBCJGLEGL?ECB?LGK?JQ)&CPMLRMJ !GMJ2AG,CB2AG2NCA-MZ
     +CCR3 %JGAI+$DDCARMDCVCPAGQCML@GPRFUCGEFR"JGL.@QRCR&WLCAMJZ
     +CGDCPK?L) $TCLQML*13FCCDDCARMDPCESJ?PJCGQSPCNFWQGA?J?ARGTGRWML@GPRFMSRAMKCQ,?RCPL"FGJB'C?JRF)
    Z
     +CKKCP )3  'SPJ@SR #$  ,?PRCJ &%  CR ?J EC ?LB ECLBCP PCQNMLQCQ RM QRPCLERF RP?GLGLE ?LB BCRP?GLGLE ,CB 2AG
    2NMPRQ$VCPAZ
     +CVCJJ )  3?WJMP ""  2HMQRPMK , 6F?R GQ RFC A?SQC MD RFC ?ECGLE ?RPMNFW 3MR?J LSK@CP  QGXC ?LB NPMNMPRGML MD
    BGDDCPCLR¤@CPRWNCQQRSBGCBGLUFMJCT?QRSQJ?RCP?JGQKSQAJCDPMK RM WC?P MJBKCL)-CSPMJ2AGZ
    
     +GCQC #  # EMQRGLM 1! )P  '?KK?L 1%  CR ?J 3FC @SPBCL MD BG?@CRCQ KCJJGRSQ ?KMLE 42 WMSRF NPCT?JCLAC
    CQRGK?RCQDPMKRFC2$ 1"'DMP#G?@CRCQGL8MSRF2RSBW/CBG?RPGAQZ
     +MPCLXM" 2CPP?LM 1GMQ, ,?PRGLCX +?PP?B,3 CR?J"CLRP?J?BGNMQGRWBCRCPKGLCQNPCT?JCLACBGDDCPCLACQMDRFC
    KCR?@MJGAQWLBPMKC.@CQ1CQZ
     ,?A#ML?JB ,) /MQRCVCPAGQC J?RC MLQCR FWNMEJWACKG? GL GLQSJGL BCNCLBCLR BG?@CRGA N?RGCLRQ #G?@CRCQ "?PC
    Z
     ,?AF?LL )  '?PGLE '  2AFGAI %  CR ?J (LRP?KWMACJJSJ?P JGNGBQ ?LB GLQSJGL PCQGQR?LAC #G?@CRCQ .@CQ ,CR?@
    Z
     ,?JGL? 1,  1W?L 1"  !MLAG ", EC ?R KCL?PAFC GL ?RFJCRCQ ?LB RFCGP KMRFCPQ ?LB QGQRCPQ LL 'SK !GMJ
    Z
     ,?JGL? 1, 6CGEFR RP?GLGLE GL WMSRF EPMURF  K?RSP?RGML  ?LB Q?DCRW ?L CTGBCLAC @?QCB PCTGCU "JGL ) 2NMPR ,CB
    Z
     ,?PAMSV2 !PGQQML) %?@G?)3FCCDDCARMDJCGQSPCRGKCNFWQGA?J?ARGTGRWMLRFCPGQIMDNPC CAJ?KNQG??LBECQR?RGML?J
    FWNCPRCLQGML)$NGBCKGMJ"MKKSLGRW'C?JRFZ
     ,?PRGL 6' (((  .E?U? 3  *MFPR 6,  CR ?J $DDCARQ MD ?EGLE  ECLBCP  ?LB NFWQGA?J RP?GLGLE ML NCPGNFCP?J T?QASJ?P
    DSLARGML"GPASJ?RGMLZ
     ,?PRWL 2R )?KCQ ,  "?PPMJJ 2 'GEF GLRCLQGRW PCQGQR?LAC RP?GLGLE ?LB NMQRKCLMN?SQ?J @MLC JMQQ ? KCR? ?L?JWQGQ
    .QRCMNMPMQ(LRZ
     ,?PRWL 2R)?KCQ, "?PPMJJ2,CR? ?L?JWQGQMDU?JIGLEDMPNPCQCPT?RGMLMD@MLCKGLCP?JBCLQGRWGLNMQRKCLMN?SQ?J
    UMKCL!MLCZ
     ,?WCP #?TGQ$)3WNCBG?@CRCQGLWMSRFCNGBCKGMJMEW?LBASPPCLRPCQC?PAFRMU?PBNPCTCLRGML?LBRPC?RKCLR) K
    #GCR QQMA2Z2
     ,A"?K@PGBEC3, 2RPGAICP/12RPCLERFRP?GLGLE@WAFGJBPCL?LB?BMJCQACLRQ/CBG?RPGAQZ
     ,GIGLCQ *)  2MLLC !  %?PPCJJ /  CR ?J $DDCAR MD NFWQGA?J CVCPAGQC ML QCLQGRGTGRW ?LB PCQNMLQGTCLCQQ RM GLQSJGL GL
    FSK?LQ K)/FWQGMJ$Z$
     ,GJEPMK' 3?SQQGE+,*CCNGLEAFGJBPCLUGRFCVCPAGQC GLBSACB?QRFK??ARGTC/CBG?RPGAQC
     ,MPGR?LG3 BC5PGCQ' /MRCLRG?JDMPEPMQQKSQAJCFWNCPRPMNFWGLMJBCPKCL)&CPMLRMJZ
     -?IICL *.  2MJ??Q ,'  *HCJBQCL ,)  CR ?J 6FGAF QCGXSPC NPCAGNGR?RGLE D?ARMPQ BM N?RGCLRQ UGRF CNGJCNQW KMQR
    DPCOSCLRJWPCNMPR$NGJCNQW!CF?TZ
     -?IICL*.:2FMSJBNCMNJCUGRFCNGJCNQWCVCPAGQC<3GBQQIP-MP+?CECDMPCLZ(L-MPUCEG?L
     -?RRGT +MSAIQ ! ,?LMPC,, CR?J KCPGA?LAMJJCECMDQNMPRQKCBGAGLCNMQGRGMLQR?LB3FCDCK?JC?RFJCRCRPG?B
    ,CB2AG2NMPRQ$VCPAZ
     -MRRGL2 5GLCR 2RCAICL% CR?J"CLRP?J?LBNCPGNFCP?JA?PBGMT?QASJ?P?B?NR?RGMLQBSPGLE?K?VGK?JAWAJCCVCPAGQC
    GL@MWQ?LBKCL,CB2AG2NMPRQ$VCPAZ
     .!PGCL *  -GVML 2  3WL?L ,  CR ?J $DDCARGTCLCQQ MD ?CPM@GA CVCPAGQC GL ?BSJRQ JGTGLE UGRF '(5 (#2 QWQRCK?RGA
    PCTGCU,CB2AG2NMPRQ$VCPAZ
     .E?U?3 2NGL?1) ,?PRGL6'((( CR?J$DDCARQMD?EGLE QCV ?LBNFWQGA?JRP?GLGLEMLA?PBGMT?QASJ?PPCQNMLQCQRM
    CVCPAGQC"GPASJ?RGMLZ
     .PAF?PB 3)  3CKNPMQ? ,  &MJB@CPE 1  CR ?J 3FC CDDCAR MD KCRDMPKGL ?LB GLRCLQGTC JGDCQRWJC GLRCPTCLRGML ML RFC
    KCR?@MJGAQWLBPMKCRFC#G?@CRCQ/PCTCLRGML/PMEP?KP?LBMKGXCBRPG?J LL(LRCPL,CBZ
     /?RC11 .-CGJJ)1 KCPGA?LUMKCLGLRFCK?P?RFML2NMPRQ,CBZ
     /CQA?RCJJM +2  %P?LIJGL !  %?E?PB 1  CR ?J KCPGA?L "MJJCEC MD 2NMPRQ ,CBGAGLC NMQGRGML QR?LB $VCPAGQC ?LB
    FWNCPRCLQGML,CB2AG2NMPRQ$VCPAZ
     /GT?PLGI), ,?PGAF?J") 2NGJJK?L3 CR?J,CLQRPS?JAWAJCNF?QC?DDCARQRCKNCP?RSPCPCESJ?RGMLBSPGLECLBSP?LAC
    CVCPAGQC) NNJ/FWQGMJ Z
     /MPRCP,, 2RS?PR2 !MGH, CR?J"?NGJJ?PWQSNNJWMDRFCRG@G?JGQ?LRCPGMPKSQAJCGLWMSLE FC?JRFW ?LBKMBCP?RCJW
    ?ARGTCKCL?LBUMKCL) NNJ/FWQGMJZ
     /PMARMP #-  !CAI *"  2FCL /'  CR ?J (L¥SCLAC MD ?EC ?LB ECLBCP ML A?PBG?A MSRNSRZ5M PCJ?RGMLQFGNQ BSPGLE
    QS@K?VGK?JAWAJCCPEMKCRPW) NNJ/FWQGMJZ
     /PMARMP#- )MWLCP,)2ICJCR?JKSQAJCK?QQ?LBRFCPCBSARGMLMD5MK?VGLRP?GLCBMJBCPQS@HCARQ) NNJ/FWQGMJ
    Z
     /PMARMP#- *MAF#6 -CUAMKCP2" CR?J+CE@JMMB¥MU?LB5MBSPGLENC?IAWAJCCVCPAGQCGLWMSLECP?LBMJBCP
    UMKCL,CB2AG2NMPRQ$VCPAZ
     /SPBML "  !PMSQQML ,  -WTCCL 2+  CR ?J 3FC PMJCQ MD GLQSJGL ?LB A?RCAFMJ?KGLCQ GL RFC EJSAMPCESJ?RMPW PCQNMLQC
    BSPGLE GLRCLQC CVCPAGQC ?LB C?PJW PCAMTCPW GL GLQSJGL BCNCLBCLR BG?@CRGA ?LB AMLRPMJ QS@HCARQ ) "JGL $LBMAPGLMJ
    ,CR?@Z
     1?LBMJNF " $VCPAGQC GLBSACB ?QRFK? SNB?RC ML N?RFMNFWQGMJMEW  AJGLGA?J BG?ELMQGQ  ?LB RPC?RKCLR "SPP /PM@J
    /CBG?RPZ
     1?QKSQQCL% +?K@PCAFRQCL) 2GCPQRCB'" CR?J+MUNFWQGA?J¤RLCQQGLAFGJBFMMBGQ?QQMAG?RCBUGRFRFCBCTCJMNKCLR
    MD?QRFK?GLWMSLE?BSJRFMMBRFC.BCLQCQAFMMJAFGJBQRSBW$SP1CQNGP)Z
     1MCKKGAF )-  1GAFKMLB 1)  1MEMJ # "MLQCOSCLACQ MD QNMPR RP?GLGLE BSPGLE NS@CPRW ) $LBMAPGLMJ (LTCQR
    Z
     1MCNQRMPDD" 2AFHCPJGLE/ 5GQRGQCL! CR?J1CESJ?RGMLMDMVGB?RGTCCLXWKC?ARGTGRW?LBCSI?PWMRGACJMLE?RGMLD?ARMP
    GLFSK?LQICJCR?JKSQAJCGL¥SCLACMDECLBCP?LBCVCPAGQC AR?/FWQGMJ2A?LBZ
     1MS@CLMDD 1  ,A#CPKMRR  6CGQQ +  CR ?J 2FMPR RCPK NPMEPCQQGTC PCQGQR?LAC RP?GLGLE GLAPC?QCQ QRPCLERF ?LB JC?L
    @MBWK?QQGL?BSJRQGLDCARCBUGRFFSK?LGKKSLMBC¤AGCLAWTGPSQ (#2Z
     1MS@CLMDD1 6GJQML(!$DDCARMDPCQGQR?LACRP?GLGLEMLQCJD PCNMPRCBNFWQGA?JDSLARGMLGLEGL'(5GLDCARGML,CB2AG
    2NMPRQ$VCPA Z
     1SNN-3 !PSBLM#2 &SGJJ,%3FCT?JSCMDQAPCCLGLEDMPPGQIMDCVCPAGQC GLBSACB?QRFK?GLFGEFQAFMMJ?RFJCRCQ
    LL JJCPEWZ
     2?DRJ?Q %  +MEQBCL 2?AICRR -  6?LE 6  CR ?J 6MPI  JCGQSPC RGKC NFWQGA?J ?ARGTGRW  ?LB PGQI MD NPCCAJ?KNQG? ?LB
    ECQR?RGML?JFWNCPRCLQGML K)$NGBCKGMJZ
     2?PECLR "  2APMMN &" /J?QK? J?AR?RC ?AASKSJ?RGML GQ PCBSACB BSPGLE GLAPCKCLR?J CVCPAGQC GL SLRP?GLCB UMKCL
    AMKN?PCBUGRFSLRP?GLCBKCL$SP) NNJ/FWQGMJZ
     2C?JQ#1 '?E@CPE), 'SPJCW!% CR?J$LBSP?LACRP?GLGLEGLMJBCPKCL?LBUMKCL("?PBGMT?QASJ?PPCQNMLQCQRM
    CVCPAGQC) NNJ/FWQGMJZ
     2CNN?J? +GLBPMMQ  5CFI?T??P? 2  '?IIGLCL ,  CR ?J %?R ?AASKSJ?RGML GL RFC JGTCP GQ ?QQMAG?RCB UGRF BCDCARQ GL
    GLQSJGL QSNNPCQQGML MD EJSAMQC NPMBSARGML ?LB QCPSK DPCC D?RRW ?AGBQ GLBCNCLBCLR MD M@CQGRW GL LMPK?J KCL ) "JGL
    $LBMAPGLMJ,CR?@Z
     2FG@?Q?IG ,  (LMSC 8  *MLBM -  CR ?J 3FCPKMPCESJ?RMPW PCQNMLQCQ MD NPCNS@CPR?J @MWQ ?LB WMSLE KCL BSPGLE
    KMBCP?RCCVCPAGQC$SP) NNJ/FWQGMJ.AASN/FWQGMJZ
     2GE?J1) *CLLW&/ 6?QQCPK?L#' CR?J/FWQGA?J?ARGTGRWCVCPAGQC?LBRWNCBG?@CRCQ?AMLQCLQSQQR?RCKCLRDPMK
    RFC KCPGA?L#G?@CRCQ QQMAG?RGML#G?@CRCQ"?PCZ
     2ICJRML# *CLLCBW) 1SRFCPDMPB.,$VNJMQGTCNMUCP?LB?QWKKCRPWGLJCEKSQAJCDSLARGMLGLDPCOSCLRD?JJCPQ
    ?LBLML D?JJCPQ?ECBMTCP EC ECGLEZ
     2LWBCP 2  /CLBCPEP?NF ! $VCPAGQC BSPGLE NPCEL?LAW UF?R BM UC PC?JJW ILMU K %?K /FWQGAG?L 
    
     2MPCLQCL3* 6GJJG?KQ, +CC(, CR?J1CAPC?RGML?JNFWQGA?J?ARGTGRWBSPGLENPCEL?LAW?LBPGQIMDNPCCAJ?KNQG?
    'WNCPRCLQGMLZ
     2NGL? 1)  .E?U? 3  *MFPR 6,  CR ?J #GDDCPCLACQ GL A?PBGMT?QASJ?P ?B?NR?RGMLQ RM CLBSP?LAC CVCPAGQC RP?GLGLE
    @CRUCCLMJBCPKCL?LBUMKCL) NNJ/FWQGMJZ
     2R?PML12 '?ECPK?L%" 'GIGB?12 CR?J%G@CPRWNCAMKNMQGRGMLMDRFCT?QRSQJ?RCP?JGQKSQAJCMDWMSLEKCL?LB
    UMKCL)'GQRMAFCK"WRMAFCKZ
     2R?PML 12  *?P?NMLBM #+  *P?CKCP 6)  CR ?J 2ICJCR?J KSQAJC ?B?NR?RGMLQ BSPGLE C?PJW NF?QC MD FC?TW PCQGQR?LAC
    RP?GLGLEGLKCL?LBUMKCL) NNJ/FWQGMJZ
     2RCLGSQ ?PLG?J? !  /MSQQ? 3  *T?PLQRPMK )  CR ?J (KKCBG?RC ?LB JMLE RCPK CDDCARQ MD UCGEFR PCBSARGML GL M@CQC
    NCMNJCUGRF?QRFK?P?LBMKGQCBAMLRPMJJCBQRSBW!,)Z
     2RPGLECP66 !CPCXMTQI?W?, .!PGCL6 CR?J3FCCDDCARMDCVCPAGQCRP?GLGLEML?CPM@GA¤RLCQQ GKKSLCGLBGACQ
    ?LBOS?JGRWMDJGDCGL'(5 N?RGCLRQ,CB2AG2NMPRQ$VCPAZ
     2SMKGLCL',SQAJCRP?GLGLEDMP@MLCQRPCLERF EGLE"JGL$VN1CQZ
     3?PLMNMJQIW ,  &CLBCP BGDDCPCLACQ GL QS@QRP?RC KCR?@MJGQK BSPGLE CLBSP?LAC CVCPAGQC "?L ) NNJ /FWQGMJ
    Z
     3FMKNQML /#  !SAFLCP #  /GL? (+  CR ?J $VCPAGQC ?LB NFWQGA?J ?ARGTGRW GL RFC NPCTCLRGML ?LB RPC?RKCLR MD
    ?RFCPMQAJCPMRGA A?PBGMT?QASJ?P BGQC?QC ? QR?RCKCLR DPMK RFC "MSLAGJ ML "JGLGA?J "?PBGMJMEW 2S@AMKKGRRCC ML
    $VCPAGQC  1CF?@GJGR?RGML  ?LB /PCTCLRGML  ?LB RFC "MSLAGJ ML -SRPGRGML  /FWQGA?J ARGTGRW  ?LB ,CR?@MJGQK
    2S@AMKKGRRCCML/FWQGA?J ARGTGRW "GPASJ?RGMLZ
     3MJCBM %&  ,CLQFGIMT? $5  1GRMT 5!  CR ?J $DDCARQ MD NFWQGA?J ?ARGTGRW ?LB UCGEFR JMQQ ML QICJCR?J KSQAJC
    KGRMAFMLBPG??LBPCJ?RGMLQFGNUGRFEJSAMQCAMLRPMJGLRWNCBG?@CRCQ#G?@CRCQZ
     3SMKGJCFRM )  +GLBQRPMK )  $PGIQQML )&  CR ?J /PCTCLRGML MD RWNC  BG?@CRCQ KCJJGRSQ @W AF?LECQ GL JGDCQRWJC ?KMLE
    QS@HCARQUGRFGKN?GPCBEJSAMQCRMJCP?LAC-$LEJ),CBZ
     3SPJCW*1 6GJKMPC)'"?PBGMT?QASJ?PPCQNMLQCQRMRPC?BKGJJ?LBAWAJCCPEMKCRCPCVCPAGQCGLAFGJBPCL?LB?BSJRQ)
    NNJ/FWQGMJZ
     3SPJCW*13FCAFCKMPC¥CV?BSJRTCPQSQAFGJBAMKN?PGQML,CB2AG2NMPRQ$VCPAZ
     5GLCR  -MRRGL 2  +CAMO ,  CR ?J "?PBGMT?QASJ?P PCQNMLQCQ RM NPMEPCQQGTC AWAJC CVCPAGQC GL FC?JRFW AFGJBPCL ?LB
    ?BSJRQ(LR)2NMPRQ,CBZ
     5MJCI )2  /FGLLCW 2#  %MPQWRFC "$  CR ?J "?P@MFWBP?RC PCQRPGARGML F?Q ? KMPC D?TMP?@JC GKN?AR ML RFC KCR?@MJGA
    QWLBPMKCRF?L?JMUD?RBGCR+GNGBQZ
     6CJJC2 3MRRCPK?L2 3FMPLRML"$DDCARMD?ECMLKSQAJCFWNCPRPMNFWGLBSACB@WPCQGQR?LACRP?GLGLE)&CPMLRMJ
    !GMJ2AG,CB2AG,Z,
     6GC@C "&  &JCBFGJJ -  6?P@SPRML #$  CR ?J $VCPAGQC A?PBG?A DSLARGML GL CLBSP?LAC RP?GLCB K?JCQ TCPQSQ DCK?JCQ
    "JGL)2NMPR,CBZ
     8?LE7 3CJ?K?1 'GPTCLQ?JM, CR?J3FCJMLEGRSBGL?JCDDCARQMDNFWQGA?J?ARGTGRWFGQRMPWMLKCR?@MJGAQWLBPMKC
    ,CB2AG2NMPRQ$VCPAZ
     8S% 'CBQRPMK, "PGQRC? CR?J$DDCARQMD?ECGLE?LBECLBCPMLAMLRP?ARGJCNPMNCPRGCQGLFSK?LQICJCR?JKSQAJC
    ?LBQGLEJC¤@PCQ AR?/FWQGMJ.VD Z


    
    LBCPQML2#'MUBMCQCVCPAGQCA?SQC?QRFK??RR?AIQ"SPP.NGL JJCPEW"JGL(KKSLMJZ
    %?GECL@?SK #  *P?CKCP 6)  !JGKIGC ")  CR ?J 8MSRF PCQGQR?LAC RP?GLGLE SNB?RCB NMQGRGML QR?RCKCLR N?NCP DPMK RFC
    L?RGML?JQRPCLERF?LBAMLBGRGMLGLE?QQMAG?RGML)2RPCLERF"MLB1CQ2Z2
    &MMBK?L+1 6?PPCL,/3FCDCK?JC?RFJCRC?LBKCLQRPS?JDSLARGML"SPP.NGL.@QRCR&WLCAMJZ
    '?UJCW) +CQQ?PB2)$VCPAGQCRP?GLGLE GLBSACBGKNPMTCKCLRQGLGLQSJGL?ARGML AR?/FWQGMJZ
    'MJJK?L 6  2RPSBCP '*  3?E?P?IGQ "5,  CR ?J /FWQGA?J ?ARGTGRW ?LB RFC CJBCPJW $SP ) "?PBGMT?QA /PCT 1CF?@GJ
    Z
    +?K@CPPR "/  $T?LQ 6) B?NR?RGMLQ RM ?CPM@GA ?LB PCQGQR?LAC CVCPAGQC GL RFC CJBCPJW 1CT $LBMAP ,CR?@ #GQMPB
    Z
    +SA?Q21 /J?RRQ ,GJJQ3 $/FWQGA?J?ARGTGRW?LBCVCPAGQCGL?QRFK?PCJCT?LACRMCRGMJMEW?LBRPC?RKCLR) JJCPEW"JGL
    (KKSLMJZ
    /P?CR 2%$  T?L +MML +)" .NRGKGXGLE RFC RFCP?NCSRGA @CLC¤RQ MD CVCPAGQC GL 3WNC  BG?@CRCQ ) NNJ /FWQGMJ
    Z
    3?L?I? '  2C?JQ #1 $LBSP?LAC CVCPAGQC NCPDMPK?LAC GL ,?QRCPQ ?RFJCRCQ ?EC ?QQMAG?RCB AF?LECQ ?LB SLBCPJWGLE
    NFWQGMJMEGA?JKCAF?LGQKQ)/FWQGMJZ
    5CPCCIC 6CQR 1 3FC DCK?JC ?RFJCRC RFC RPG?B MD BGQMPBCPCB C?RGLE  ?KCLMPPFC? ?LB MQRCMNMPMQGQ 2NMPRQ ,CB
    Z
    7# !;) $

    
    @QMPAGMKCRPG?BCP?GMQ7BCBSNJ?CLCPEG?#$7 
    ACRGJ "M M@RGB?BMA?R?@MJGQKMBMNGPST?RMLMAGAJMBC*PC@Q 
    AGBCLRCT?QASJ?PCLACDŠJGAM 5$ 
    pAGBMQ
    ?QA™P@GAM =,95GR?KGL?"
    ?QNŠPRGAM  
    D™JGAM 
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    EJSR‹KGAM 
    EP?VMQ 
     EP?SBCQ?RSP?ŽMCPGQAM
    BCBMCL? 
     GLQ?RSP?BMQ 
     KMLMGLQ?RSP?BMQ 
     šKCE?  
     šKCE?  
     NMJG GLQ?RSP?BMQ 
     Q?RSP?BMQ 
    N?LRMR‘LGAM 
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    AJGK?ŽM ?JRGRSBC 
    AJGK?R?ŽM
    A?JMP 
    DPGM 
    AJGK?RGX?ŽM
    ?JRGRSBC 
    A?JMP 
    DPGM  
    APMKCE?JG? 
    ARGL?  
    Q”RGM?RGTM 
    RCMPG?BMQ¤J?KCLRMQBCQJGX?LRCQ 
    BCLGL? 
    BCLM FGN™¤QC
    FMPKšLGMQ 
    BMJCQA‘LAG? 
    BPCL?JGL? 
    CP™@GM RPCGL?KCLRM 
    BSP?ŽMBCA?B?QCQQŽM 
    DPCOS‘LAG? 
    GLRCLQGB?BC 
    KSJFCPCQ 
    NPMEPCQQŽMBMRPCGLMBCAMLBGAGML?KCLRM 
    RGNMBCCVCPA”AGM 
    pES? GLECQRŽM 
    AMPPGB?BGŠPG?BCIK 
    COSGJ”@PGMF”BPGAM 
    GKNMPR‹LAG? 
    KCR?@™JGA? 
    NCPB? 
    PCAMKCLB?B? 
    (GLECQRŽM?BCOS?B? 
    AŠJAGM 
    AJMPM 
    AM@PC 
    CLVMDPC 
    DCPPM 
    ¥žMP 
    D™QDMPM 
    GMBM 
    K?ELQGM 
    K?LE?L‘Q 
    KMJG@B‘LGM 
    NMRŠQQGM 
    QCJ‘LGM 
    Q™BGM 
    TGR?KGL?Q  
    XGLAM 
    J?LGL?  
    pJAMMJ SQM 
    ?NMLR?KCLRMQM¤AG?GQBM KCPGA?L"MJJCECMD2NMPRQ,CBGAGLC 
    A?JMPG?Q 
    JBMQRCPML? 
    JMLE?KCLRM 
    ?OSCAGKCLRM 
    @?J”QRGAM 
    CQRŠRGAM 
    NPMBSŽMBCDMP? 
    JRGRSBC CQRPCQQC 
    ?AJGK?ŽM 
    ?AJGK?RGX?ŽM 
    BCQCKNCLFM PCQNMQR?Q 
    BMCL? 
    +6705.Q?LES”LCMCRPCGL?KCLRMCK?JRGRSBC 
    PCQNMQR?Q¤QGMJ™EGA?Q 
     AMLQSKMBCMVGE‘LGM 
     FCK?R™APGRM 
     FCKMEJM@GL? 
     KCR?@™JGRMQ 
     TCLRGJ?ŽMNSJKML?P 
    RCMPG?BMYKMPCLM?JRMCRPCGLCLM@?GVM^ 
    JTMJMQ 
    K@GCLRCQCBCQCKNCLFMD”QGAM  
    ?JRGRSBC CQRPCQQC 
     BCQCKNCLFMD”QGAMBCJMLE?
    BSP?ŽM 
     FGNMVG? 
     PCQNMQR?QBMBCQCKNCLFM 
     PCQNMQR?Q¤QGMJ™EGA?Q 
    A?JMP CQRPCQQC 
     ?DCACQMA?QGML?B?Q 
     BCQCKNCLFM 
     CQRP?REG?QBCNPCTCLŽM 
     RCPKMPPCESJ?ŽM 
    DPGM CQRPCQQCMA?QGML?BM 
     ?AJGK?R?ŽM?AJGK?ŽM 
     PCQNMQR?QBMBCQCLTMJTGKCLRM 
     RCPKMPPCESJ?ŽM¤QGMJ™EGA? 
    FGNM@ŠPGAM 
    KCLMPPCG?  
    KGL?Q 
    QGKN?RMKGKRGA?Q 
    KGLMŠAGBMQ 
    ŠAGBM
     ?QNŠPRGAM 
     EJSR‹KGAM 
    ?J?LGL? 
    ?PEGLGL? 
    ?QN?P?EGL? 
    ?SKCLRMB?R?V?BCMVGB?ŽM 
    AGQRC”L? 
    CQQCLAG?GQ 
    DCLGJ?J?LGL? 
    EJGAGL? 
    EJSR?KGL? 
    FGQRGBGL? 
    GQMJCSAGL? 
    JCSAGL? 
    JGQGL? 
    KCRGMLGL? 
    LŽMCQQCLAG?GQ 
    NPMJGL? 
    QCPGL? 
    QSNJCKCLRMQNPMRCGAMQ 
    RGPMQGL? 
    RPGNRMD?LM 
    T?JGL? 
    L?@MJGX?LRCQ SQMNMP?RJCR?Q 
    L?CP™@GM BCQCKNCLFM
    A?JMP 
    BCQGBP?R?ŽM 
    L?QRMKMQC 
    LBPME‘LGMQ 
    CQRPME‘LGMQ 
    RCQRMQRCPML? 
    LBPMQRCLCBGML? 
    LCKG? 
    A?SQ?Q 
    CQNMPRGT? 
    DCPPM BC¤AG‘LAG? 
    RGNMQAMKSLQ 
    LDCR?KGL?Q 
    LEGL?BCNCGRM 
    qLGMLQ 
    LMPCVG?LCPTMQ? 
    LRGMVGB?LRCQ 
    LRPMNMKCRPG? 
    MPR? 
    NCRGRCCCVCPA”AGM 
    NRGBŽMD”QGA? @CLCD”AGMQ 
    OSCAGKCLRM 
    ?P 
    ?RGTM 
    CQNCA”¤AMN?P?MCQNMPRC 
    ECP?J 
    pPC?QBMCLAD?JM
    !PMA? 
    ESQR?RGT? 
    GLRCPNPCR?RGT?ECP?J 
    TCQRG@SJ?P 
    TGQS?J 
    PEGLGL? 
    PRPG?Q 
    AMPMLŠPG? 
    NSJKML?P 
    PRCP”MJ?Q 
    PRCPGMQAJCPMQC 
    PRGASJ?CQ BMP 
    QK? 
    A?SQ?QLŽM?JPEGA?Q 
    CVCPA”AGM 
     CDCGRMQ 
     GLBSŽM 
    QN?P?EGL? 
    RCPMQAJCPMQC 
    RGTGB?BCD”QGA? OS?LRG¤A?ŽMCOS?JG¤A?ŽM 
    RJCR?QBCCJGRC ¤@P?QKSQASJ?PCQ 
    3/RPGDMQD?RMBC?BCLMQGL? 
    ?B?NR?CQ?MQCVCPA”AGMQ 
    DMPK?ŽM 
    NPMBSŽM?CP™@G??N?PRGPBM
    A?P@MGBP?RM 
    RMR?JDMPK?BM?N?PRGPBCŠAGBMEP?VMBCKMJASJ?BCA?P@MLMQ 
    3/ DMQDMAPC?RGL? 3/ /" QGQRCK? 
    ?B?NR?CQCLXGKŠRGA?Q?MCVCPA”AGM 
    pRPGM
    BGPCGRM 
    CQOSCPBM 
    SKCLRMB?R?V?BCMVGB?ŽMBC?KGLMŠAGBMQ 
    SQASJR? 
    SRMK?RGQKMA?PB”?AM 
    SRMPGB?BC 
    SRMPGX?ŽMKBGA? 
    ?T?JG?ŽMKBGA? 
    CJCRPMA?PBGMEP?K? 
    SV”JGMCPEME‘LGAM  
    ?HSQRCQLMDMPLCAGKCLRM
    BCMVGE‘LGM 
    FMPKšLGMQ 
    NCQOSGQ? 
    NP™ FMPKšLGMQ 
    QS@QR‹LAG?Q 
    QSNJCKCLRMQ
     LSRPGAGML?GQ 
     OSCPCR?PB?K?D?BGE? 
    T?JG?ŽMKBGA? 
    VšLGM 
    
    !?GLF?BCKGCJGL?  
    !?J?LMLGRPMECL?BM 
    LCE?RGTM 
    NMQGRGTM 
    !C@GB?QCQNMPRGT?Q
    A?P@MGBP?RMQ 
    CJCRP™JGRMQ 
    OS?LBMQŽM?NPMNPG?B?Q 
    !CLCD”AGMQ
    ?NRGBŽMD”QGA? 
    Q?žBC 
    !CR? FGBPMVG@CR?KCRGJ@SRGP?RM
    ',! 
    !CR?@JMOSC?BMPCQ 
    !CR?MVGB?ŽM 
    !GA?P@ML?RMBCQ™BGM CDCGRMQLMBCQCKNCLFM 
    !GAGAJCR?CPEMKRPGA? RCQRCQ 
    !GMCLCPERGA?  
    DMLRCQBCCLCPEG? 
     A?P@MGBP?RMQ 
     CLXGK?Q 
     EMPBSP?Q 
     NPMRC”L?Q 
    EJGA™JGQC 
    GLRCP?CQBMKCR?@MJGQKM?CP™@GMC?L?CP™@GM 
    KCLQSP?ŽMB?NPMBSŽMBCCLCPEG? 
    KCR?@MJGQKM
     ?CP™@GM 
     ?L?CP™@GM 
    PCASNCP?ŽMKCR?@™JGA??N™Q
    MCVCPA”AGM 
    QGQRCK?
      3/ DMQDMAPC?RGL? 
     CLXGKŠRGAM?CP™@GM 
    QS@QRP?RMQKCR?@™JGAMQN?P?PCNMSQMCCVCPA”AGM 
    RPGDMQD?RMBC?BCLMQGL? 3/ 
    !GMNQG?KSQASJ?PNCPASR‹LC? 
    !GMRGL? 
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    !MK@?
    ”MLQBCFGBPME‘LGM 
    KSQASJ?P 
    PCQNGP?R™PG? 
    !P?BGA?PBG? 
    !PMLAMAMLQRPGŽMGLBSXGB?NCJMCVCPA”AGM!($ 
    !PMLOSGRCAPšLGA? 
    !SJ@M  
    !SJGKG?LCPTMQ? 
    
    "?BCG?Q
    NCQ?B?QBCKGMQGL? 
    RP?LQNMPR?BMP?BCCJRPMLQ 
    "?DC”L? 
    "ŽG@P?QBMA?JMP 
    "ŠJAGM 
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    "ŠJASJMQ
    A?JMPG?Q
     A?P@MGBP?RM 
     EMPBSP? 
     NPMRC”L? 
    NCPB?BCQSMP 
    OS?LRGB?BCBCJ”OSGBMQOSCNPCAGQ?QCPGLECPGBM?N™QCVCPA”AGM 
    "?JMP CQRPCQQCMA?QGML?BM 
    ?DCACQMA?QGML?B?Q 
    BCQCKNCLFM 
    CQRP?REG?QBCNPCTCLŽM 
    RCPKMPPCESJ?ŽM 
    "?JMPG? 
    A?P@MGBP?RM AŠJASJM 
    EMPBSP? AŠJASJM 
    NPMRC”L? AŠJASJM 
    "?JMPG?QLMŠJAMMJ 
    "?JMPGKCRPG?
    BGPCR? 
    GLBGPCR? 
    "?JMP”KCRPM 
    "‹K?P?QBCFGN™VG? 
    "?KGLF?B?
    E?QRMA?J™PGAM 
    RCQRC 
    "?N?AGB?BCQ
    ?CP™@G?CBCQGBP?R?ŽM 
    ?L?CP™@G? 
     BCQGBP?R?ŽM 
     D?RMPCQOSC?DCR?K?NMR‘LAG?CRCQRCBCTCJMAGB?BC 
     RCQRC 
    ,5+<9(5*,A?PBGMT?QASJ?P CQRGK?RGT? 
     @GAGAJCR?CPEMKRPGA? RCQRC 
     A?KGLF?B? RCQRC 
     AMPPGB? RCQRC 
     :;,7 RCQRC 
    NSJKML?PCQ 
    R?KNML?KCLRM 
    "?NGJ?PCQ 
    "?P@MGBP?RMQ  
    @C@GB?QCQNMPRGT?Q 
     AMKNMQGŽM 
     BCRCPKGL?ŽMB?AMLACLRP?ŽM 
    AŠJASJMB?QA?JMPG?Q 
    BGCR?QBC?JR?GLECQRŽM 
    DMLRCQN?P?MKCR?@MJGQKM 
    ”LBGACEJGA‘KGAM 
    GLECQRŽM 
    KCR?@MJGQKM
     BSP?ŽMBMCVCPA”AGM 
     GLRCLQGB?BCBMCVCPA”AGM 
    LCACQQGB?BCBSP?LRCMCVCPA”AGM
    ?CP™@GM 
    NPMBSŽM?CP™@G?BC 3/ 
    QM@PCA?PE? 
    "?PE?BCDMQD?RM 
    "?R?@™JGAM NPMACQQM 
    "ŠRGMLQ 
    "JSJ?Q
    Q?RJGRC 
    QGQRCK?LCPTMQM 
    "CPC@CJM  
    "PC@PM 
    JM@MQ
     DPMLR?J 
     MAAGNGR?J 
     N?PGCR?J 
     RCKNMP?J 
    "CRMŠAGBMQ 
    "CRMQC 
    "GAJM
    A?PB”?AM 
     AMLRPMJC
      CVRP”LQCAM 
      GLRP”LQCAM 
    AGPA?BG?LMBMQFMPKšLGMQ 
    "MPG 
    CQRGP?KCLRM CLASPR?KCLRM
    BMKžQASJM 
    *PC@Q 
    KCLQRPS?J 
     CQRPME‘LGMQ 
     CVCPA”AGM 
    "GPASJ?ŽM
    NCPGDPGA? 
    NSJKML?P 
    "GQRC”L? 
    "JMPM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    "M@PC
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    "MJCQRCPMJJGE?BMJGNMNPMRC”L?
    ?JR?BCLQGB?BC 
    @?GV?BCLQGB?BC 
    "MKNCRGŽM
    ?JRGRSBCQ NPCN?P?ŽM 
    GKN?ARML?QPCQNMQR?QCLB™APGL?Q 
    PCDCGCQ 
    "MKNJCVMQPCQNGP?R™PGMQ 
    "MKNMQGŽMAMPNMP?J  
    ?RJCR?Q 
    BCRCPKGL?ŽM 
     ?@QMPAGMKCRPG?BCP?GMQ7BCBSNJ?CLCPEG?#$7 
     BCLQGRMKCRPG? 
     BM@P?QASR‹LC?Q 
     GKNCB‹LAG?@GMCJRPGA? 
     KCRMBMJMEG?QT?PG?B?Q 
     NJCRGQKMEP?¤?NMPBCQJMA?KCLRM
    BC?P 
    BGCR?Q 
    CVCPA”AGM CDCGRMQ 
    ”LBGACBCK?QQ?AMPNMP?J 
    KSB?L?Q 
    M@CQGB?BC 
    PCBSŽMBPŠQRGA?BCNCQM 
    PCEGML?J 
    PCJ?CQCLRPC?QKCBGB?Q@ŠQGA?Q 
    =,9:<:R?K?LFMAMPNMP?J 
    TGQŽMECP?J 
    "MLASQQŽMCCQNMPRC 
    "MLBSŽM 
    "MLCARGL? 
    "ML¤?@GJGB?BC 
    "MLQSKMBCMVGE‘LGM?N™QMCVCPA”AGM 
    CVACQQGTM$/." 
    "MLRP?ŽMKSQASJ?P 
    CR?N?Q 
    GLRCP?CQCLRPCMQ¤J?KCLRMQBC?ARGL?CBCKGMQGL? 
    JG@CP?ŽMBMQQ”RGMQ?RGTMQ 
    NPMN?E?ŽMBMGKNSJQMCJRPGAM 
    PCRMPLM?MAMKNPGKCLRMKSQASJ?P
    BCPCNMSQM 
    SLGB?BCKMRMP? 
    "MLRP?ACNRGTMQMP?GQ 
    "MLTCAŽM 
    "MP?ŽM  
    ?MPR? 
    ?PRPG?NSJKML?P 
    ŠRPGMBGPCGRMCCQOSCPBM 
    AGAJMA?PB”?AM 
    B@GRMA?PB”?AM 
    CJCRPMA?PBGMEP?K? 
    CQRPSRSP? 
    FMPKšLGMQ 
    KžQASJMA?PB”?AM 
     N?PCBCA?PB”?A? 
    N?PRCBCQACLBCLRCB??MPR? 
    QSNPGKCLRMQ?LES”LCM 
    T?JT?
     ?MPR? 
     RPMLAMNSJKML?P 
    TŠJTSJ??RPGMTCLRPGASJ?P 
    TCG?
     A?T?
      GLDCPGMP 
      QSNCPGMP 
     NSJKML?P 
    TCLRP”ASJMBGPCGRMCCQOSCPBM 
    TG?Q?LRCPGMPCNMQRCPGMP 
    "MPNMQ
    ACRšLGAMQ 
    -GQQJ 
    "MPPGB?
    E?QRMA?J™PGAM 
    RCQRC 
    "MPRGQMJ 
    "PC?RGL? QSNJCKCLR?ŽM  
    "PC?RGLMOSGL?QC 
    "PCQAGKCLRMCBCQCLTMJTGKCLRM 
    "PG?L?QCCVCPA”AGM 
    A?N?AGB?BCQ
     ?L?CP™@G? 
     A?PBGMT?QASJ?PCPCQNMQR?Q
    ?MCVCPA”AGM 
    CDCGRMQ 
    M@CQGB?BC 
    RCPKMPPCESJ?ŽM 
    
    #@GRM
    A?PB”?AM 
     DSLCQQGQR™JGA?CBG?QR™JGA? 
     PCESJ?ŽM 
     TMJSKCTCLRPGASJ?PCRPCGL?KCLRM 
    MVGE‘LGM 
    #C¤AG‘LAG?
    AŠJAGM 
    AJMPM 
    AM@PC 
    CLVMDPC 
    DCPPM 
    ¥žMP 
    D™QDMPM 
    GMBM 
    K?ELQGM 
    K?LE?L‘Q 
    KMJG@B‘LGM 
    NMRŠQQGM 
    QCJ‘LGM 
    Q™BGM 
    TGR?KGL?Q
      
     ŠAGBM
      D™JGAM 
      N?LRMR‘LGAM 
     ! 
     ! 
     ! 
     ! 
     @GMRGL? 
     " 
     # 
     $ 
     * 
     LG?AGL? 
    XGLAM 
    #¤AGRBCMVGE‘LGM 
    #CLBPGRMQ 
    #CLQGB?BCAMPNMP?J 
    #CLQGRMKCRPG? 
    #CQ?KGL?ŽM 
    #CQCKNCLFM?RJRGAM
    ?JRGRSBCQ 
    A?JMP 
    AMKNMQGŽMAMPNMP?J 
    BCQGBP?R?ŽM 
    ¤@P?KSQASJ?P 
    DPGM 
    KCJFMP? SQMBMQN?P‹KCRPMQTCLRGJ?R™PGMQ 
    RGP?QL?Q?GQ 
    #CQCLFM
    ?BMJCQACLRC 
    BSNJM ACEMB?NCQOSGQ? 
    #CQGBP?R?ŽM
    BSP?LRCMCVCPA”AGM 
     BCAJ”LGMBMBCQCKNCLFM 
     CQNMPRCQAMK@MJ? 
     JSR?JGTPC 
     K?P?RML? 
    PCBSŽMBPŠQRGA?BCNCQM 
    QSQACRG@GJGB?BC 
    #CQJMA?KCLRMBMAJMPCRM 
    #CQMVGCKMEJM@GL? 
    #CQRPCGL?KCLRM 
    ,5+<9(5*, 
    GLRCPPSNŽMBMRPCGL?KCLRM
    BCDMP? 
    PCBSŽMBMTMJSKCBMRPCGL?KCLRM
    BCDMP? 
    #'$ BG FGBPMCNG?LBPMQRCPML? 
    #G?@CRCQKCJGRM 
    BMCL?A?PBGMT?QASJ?P 
    ECQR?AGML?J#,& 
    Q”LBPMKCKCR?@™JGA? 
    #G?DP?EK? 
    RPCGL?KCLRMAMKK?LM@P?QLŽMPCQNGP?R™PG?Q 
    #GŠQRMJC 
    #GCR?CKSB?L?QL?AMKNMQGŽMAMPNMP?J 
    @?J?LMCLCPERGAM 
    PCBSŽMBCNCQM 
      BGDMQDMEJGACP?RMCBGQQMAG?ŽMB?MVGCKMEJM@GL? 
    #GDMQD?RMBC?BCLMQGL? #/ 
    #GDSQŽMNSJKML?P  
    BG™VGBMBCA?P@MLM 
    ¥SVMQ?LES”LCMLMNSJKŽM 
    MVGE‘LGM 
    #G™VGBMBCA?P@MLM
    BGDSQŽM 
    RP?LQNMPRC 
     @GA?P@ML?RM 
     A?PK?KGLMCKMEJM@GL? 
    #GQKCLMPPCG? 
    #GQN?PM?VšLGAM 
    #GQQ?A?P”BGMQ 
    #GSPRGAMQ 
    ?J? 
    NMSN?BMPCQBCNMRŠQQGM 
    RG?X”BGAMQ 
    #M@P?QASR‹LC?Q 
    #MCL?Q
    ?JRGRSBC 
     QGL?GQCQGLRMK?Q 
    ?PRCPG?J
     AMPML?PG?L?# "  
     NCPGDPGA?# / 
    A?PBGMT?QASJ?P#" 
     D?RMPCQBCPGQAM 
      BG?@CRCQKCJGRM 
      FGNCPRCLQŽM 
      M@CQGB?BC 
      NCP¤JJGN”BGAMQ?LES”LCM 
      QCBCLR?PGQKM 
      QM@PCNCQM 
     NPCT?J‘LAG? 
     QGL?GQCQGLRMK?Q 
     RGNMQ 
    ,A PBJC 
    KCR?@™JGA? QGL?GQCQGLRMK?Q 
    NSJKML?P
     M@QRPSRGT?APšLGA? 
     QGL?GQCQGLRMK?Q 
    #MK”LGMLSAJC?P 
    6705.Q?LES”LCM
    ?HSB?LMDMPLCAGKCLRMBCMVGE‘LGM 
    E‘LGAM 
    RPCGL?KCLRML??JRGRSBC 
    #MPL?Q?PRGASJ?CQ 
    #SP?ŽMBMCVCPA”AGM KCR?@MJGQKMBMRPGEJGACP”BGMMSA?P@MGBP?RM 
    
    $DCBPGL? 
    $DCGRM
    ?ŽMBCK?QQ? 
    !MFP 
    NJ?AC@M 
    $JCRPMA?PBGMEP?K?$"&  
    RCQRCBCCQDMPM 
    $JCRP™JGRMQ 
    @C@GB?QCQNMPRGT?Q 
    AMLRCžBMCJCRPMJ”RGAM
     QSMP 
     SPGL? 
    COSGJ”@PGMCJCRPMJ”RGAM 
    $JCRPMKGMEP?¤?$,& 
    $KNGPGQKM 
    $LAD?JM 
    PCEGCQ 
    $LBMK”QGM 
    5+<9(5*, RPCGL?KCLRM 
    ?B?NR?CQLMPCNMSQM 
    A?JMP BCQCKNCLFM 
    A?PBGMT?QASJ?P
     CQRGK?RGT?B?QA?N?AGB?BCQ 
     RCQRCQ 
    BCQCKNCLFM?RJRGAM 
    BGCR?QBC?JR?GLECQRŽMBCEMPBSP? 
    CDCGRMQBMRPCGL?KCLRM 
    DPGM BCQCKNCLFM 
    GLRCP?CQKCR?@™JGA?Q 
    NJ?RšBMTMJSKCBCCHCŽM 
    PCBSŽMBMTMJSKC 
    QSNJCKCLR?ŽMBCNPMRC”L? 
    QSQNCLQŽMBMRPCGL?KCLRM 
    $LCPEG?  
    ?RGT?ŽM 
    DMLRCQ 
     A?P@MGBP?RMQ 
     CLXGK?Q 
     EMPBSP?Q 
     NPMRC”L? 
    KCLQSP?ŽMB?NPMBSŽM 
     A?JMPGKCRPG?
      BGPCR? 
      GLBGPCR? 
     R?V?BCKCR?@MJGQKM@?Q?J 
    $L¤QCK?NSJKML?P 
    $LVMDPC
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    $LXGK?Q 
    EJGAMJ”RGA?Q ?B?NR?CQ?MQCVCPA”AGMQ 
    $NGJCNQG?CCVCPA”AGM 
    $NGK”QGM 
    $OSGJ”@PGM
    CJCRPMJ”RGAM 
    $OSGT?JCLRCQPCQNGP?R™PGMQ 
    $PEME‘LGAMQLMCVCPA”AGMC
    LMCQNMPRC  
    ?HSB?Q?MDMPLCAGKCLRMBCMVGE‘LGM 
    FMPKšLGMQ 
    NCQOSGQ?QM@PC?SV”JGM 
    NP™ FMPKšLGMQ 
    QS@QR‹LAG?Q 
     ŠJAMMJ 
     ?LDCR?KGL?Q 
     @CR?@JMOSC?BMPCQ 
     A?DC”L? 
     BGSPRGAMQ 
    QSNJCKCLRMQLSRPGAGML?GQ 
     ?LRGMVGB?LRCQ 
     @CR? FGBPMVG@CR?KCRGJ@SRGR?RM 
     APC?RGL? 
    QSNJCKCLRMQOSCPCR?PB?K?D?BGE? 
    $PGRPMNMCRGL?$/. 
    $QA?J?BCNCPACNŽMBM
    CQDMPM$/$ 
    $Q¤EKMK?LšKCRPM 
    $QD”LARCPCQNP A?NGJ?PCQ 
    $QDMPMNCPAC@GBM KCBGB? 
    $QN?MKMPRM?L?RšKGAM 
    $QNCAG¤AGB?BCBMRPCGL?KCLRMD”QGAM 
    $QNGPMKCRPG? 
    $QNMPRCQ
    @MJ?Q BCQGBP?R?ŽM 
    K?QQ?AMPNMP?J 
    $QR?BMBCCOSGJ”@PGM 
    $QRCPMGBCQ 
    ?L?@™JGAM 
    ?SV”JGMCPEME‘LGAM 
    $QRGP?KCLRM CLASPR?KCLRM AGAJM 
    $QRPME‘LGM 
    AGAJMKCLQRPS?J 
    $QRSBM 
    AMKNPCCLQŽMBMAMLRCVRM 
    AMLR”LSMBCNMQQG@GJGB?BCQ 
    BGQASQQŽM 
    GLRPMBSŽM 
    KRMBMQ 
    PCQSJR?BMQ 
    $SGBP?R?ŽM 
    N?QQMQNPŠRGAMQN?P??K?LSRCLŽM 
    $T?NMP?ŽM 
    $V?SQRŽMMA?QGML?B?NCJMA?JMP 
    $VCPA”AGMQ
    ?B?NR?CQ
     ?CP™@G?Q 
      3/ 
     CLXGK?QEJGAMJ”RGA?Q 
     EJGAMAMPRGAMGBCQ 
     EJGAME‘LGMGLRP?KSQASJ?P 
     FMPKšLGMQ
      APCQAGKCLRM 
      N?P?RGPCMGBG?LM 
      NCNR”BGMQNP™ MNGMKCJ?LMAMPRGL? 
     GLQSJGL? 
     JGKG?PBMJ?AR?RM 
     KGLCP?JMAMPRGAMGBCQ 
     LCSP?GQ 
     /"DMQDMAPC?RGL? 
     QGQRCK? 3/ /" 
     QSNP?PPCL?J 
     RCQRMQRCPML? 
     RGPCMGBC 
    ?CP™@GM
     ?B?NR?CQ
      CLXGKŠRGA?Q 
      QS@QRP?RM 
     LCACQQGB?BCBCA?P@MGBP?RMQ 
    ?NCRGRC 
    ?QK? 
     A?SQ?QLŽM?JPEGA?Q 
     CDCGRMQ 
     GLBSXGB? 
    AŠJASJMB?OS?LRGB?BCBCJ”OSGBMOSCNPCAGQ?QCPGLECPGB??N™QCVCPA”AGM 
    AMKNMQGŽMAMPNMP?J 
    APG?L?Q 
     A?N?AGB?BC
      ?L?CP™@G? 
      A?PBGMT?QASJ?P 
     CDCGRMQ 
     M@CQGB?BC 
     RCPKMPPCESJ?ŽM 
    BG?@CRCQKCJGRM 
     RGNM 
     RGNM 
    BSP?ŽM KCR?@MJGQKMBMRPGEJGACP”BGMMSA?P@MGBP?RM 
    CNGJCNQG? 
    EJ‹LBSJ?QCLB™APGL?Q 
    FGNCPRCLQŽM  
    '(5 (#2 
    GBMQMQ 
     KžQASJMCQOSCJRGAM  
     NPCQAPGŽM 
     QGQRCK?
      AGPASJ?R™PGM  
      CQOSCJRGAM  
    GKN?ARMB?M@CQGB?BCL?PCQNMQR?BMFMPKšLGMBMAPCQAGKCLRM 
    GLRCLQGB?BC KCR?@MJGQKMBMRPGEJGACP”BGMMSBMA?P@MGBP?RM  
    KCLQRPS?ŽM 
    KSJFCPCQ  
     ?B?NR?CQ 
     ?CP™@GM 
     AGAJMKCLQRPS?JCBCQCKNCLFM 
     BGDCPCL?QGLCPCLRCQ?L?RMKG?C¤QGMJMEG?CKFMKCLQ
    CKSJFCPCQ 
     EP?TGBCX 
     PCQGQR‘LAG? 
     RP”?BCB??RJCR?DCKGLGL?  
    NJGMKRPGAM 
    NPCQQŽM?PRCPG?J 
    PCASNCP?ŽMKCR?@™JGA??N™Q 
    QGQRCK?A?PBGMT?QASJ?P KSB?L?Q 
     ?SKCLRMBMPCRMPLMTCLMQM 
     DMPLCAGKCLRMBCMVGE‘LGM
    ?MRCAGBM  
     PCBGQRPG@SGŽMBM¥SVMBCQ?LESC 
    QS@QRP?RMQKCR?@™JGAMQ 
    RP?R?KCLRMN?P?MFGNMRGPCMGBGQKM 
    TCLRGJ?ŽMNSJKML?P CDCGRMQ 
    
    %?AGJGR?ŽMLCSPMKSQASJ?PNPMNPGMACNRGT?%-/ 
    %?BGE?
    QGQRCK?LCPTMQM 
     ACLRP?J 
     NCPGDPGA? 
    QSNJCKCLRMQOSCPCR?PB?K 
    %?LGJ?J?LGL? 
    %?QA”ASJMQ 
    %?RMPCQBCAPCQAGKCLRMQCKCJF?LRCQGLQSJGL? 
    ?SV”JGMCPEME‘LGAM 
    PCQNMQR?QC?B?NR?CQ?MCVCPA”AGM 
    QGL?GQN?P??Q”LRCQCNPMRCGA? 
    %?RMQ 
    %CLB?QGLŠNRGA? 
    %CPPM 
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    %CXCQ NCPB?BCŠES? 
    %G@P?Q
    KSQASJ?P 
     A?P?ARCPGX?ŽMNCJ?KGMQGL? 3/?QC 
     AMLRP?ŽM
      JCLR? 
      PŠNGB? 
     BCQCKNCLFM?RJRGAM 
     BGDCPCLRCQ?RJCR?QBCCJGRC 
     GLRP?DSQ?GQ 
     RGNMQ   
     RP?LQGŽM 
    LCPTMQ?Q
     N?P?QQGKNŠRGA?Q 
     QGKNŠRGA?Q 
    /SPIGLHC 
    %GJ?KCLRMQ
    ?ARGL? 
    BCQJGX?LRCQ 
    KGMQGL? 
    %GJRP?ŽMBM?P 
    %GQGMJMEG?BMCVCPA”AGM
    ?NJGA?ŽMB?NCQOSGQ?LMCQNMPRCCLMCVCPA”AGMBGŠPGM  
    %J?TGL??BCLGL?BGLSAJCMR”BCM% # 
    %JžMP
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    %JSVMQ?LES”LCM 
    NSJKŽM 
    PCBGQRPG@SGŽMBSP?LRCMCVCPA”AGM 
    %MLRCQBCCLCPEG? 
    A?P@MGBP?RMQ 
    CLXGK?Q 
    EMPBSP?Q 
    NPMRC”L?Q 
    %MP?KSQASJ?P 
    A?N?AGB?BCBCNPMBSŽM 
    ASPT?Q
     DMP? 
     DMP? RCKNM 
     DMP? TCJMAGB?BC 
    BCQCKNCLFMLMA?JMP 
    BMQC PCQNMQR?N?P?M
    BCQCLTMJTGKCLRM 
    DPGM NPMBSŽM 
    KMTGKCLRM 
    RGNMQBC?ŽMKSQASJ?P 
    %MQD?RM A?PE? 
    %MQDMAPC?RGL?/" 
    ?B?NR?CQ?MQCVCPA”AGMQ 
    %MQDMPGJ?ŽMMVGB?RGT? 
    %™QDMPM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    %PCOS‘LAG?A?PB”?A?LMCVCPA”AGM 
    KCBGB? 
    T?PG?@GJGB?BC 
    %PGM CQRPCQQCMA?QGML?BM 
    ?AJGK?RGX?ŽM 
    BCQCKNCLFM PCQNMQR?Q 
    CVNMQGŽM QM@PCTGT‘LAG?L?QBGDCPCLRCQAMLBGCQB?Q@?GV?QRCKNCP?RSP?Q 
    RCPKMPPCESJ?ŽM¤QGMJ™EGA? 
    %PSRMQC 
    %SLCQ
    ?SR™APGL? 
    CLB™APGL?Q 
    N?PŠAPGL? 
    %SQMQKSQASJ?PCQ 
    
    &?J?ARMQC 
    &?QRM
    A?J™PGAM
     A?KGLF?B?MSAMPPGB? 
     RPCGL?KCLRMBCPCQGQR‘LAG?KSQASJ?PC?CP™@GM 
    CLCPERGAMCKPCNMSQM 
    &GLCAMK?QRG? 
    &GPMBMCLAD?JM 
    &J‹LBSJ? 
    CLB™APGL?QCCVCPA”AGM 
     ?LBPME‘LGMQ 
     D?RMPCQBCAPCQAGKCLRMQCKCJF?LRCQGLQSJGL? 
     EML?BMRPM¤L?Q 
     FGN™¤QC  
     FGNMRŠJ?KM  
     N‹LAPC?Q 
     N?P?RGPCMGBC  
     NGLC?J  
     QSNP?PPCL?J  
      A™PRCV 
      KCBSJ?  
     RGPCMGBC =,93GPCMGBC
    &JGAGL?  
    &JGAMAMPRGAMGBCQ 
    &JGAME‘LCQC 
    &JGAME‘LGM 
    GLRP?KSQASJ?P ?B?NR?CQ
    ?MCVCPA”AGM 
    &JGAMECL™JGQC  
    &JGA™JGQC 
    ?B?NR?CQ
     A?N?AGB?BCBCR?KNML?KCLRM 
     CLXGK?QEJGAMJ”RGA?Q?MCVCPA”AGM 
     EJGAME‘LGMGLRP?KSQASJ?P
    ?MCVCPA”AGM 
    &JGAMLCME‘LGAMQ 
    &JGAMQC 
    &JSR?KGL? 
    &ML?BMRPM¤L?Q 
    &MPBSP?Q 
    AŠJASJMB?QA?JMPG?Q 
    BGCR?QBC?JR?GLECQRŽMCA?N?AGB?BCBC,5+<9(5*, 
    CLCPEG?BGQNML”TCJ 
    &P?TGBCXCCVCPA”AGMQ 
    
    'CKŠAG?Q 
    'CK?RGBC 
    'CK?R™APGRM 
    'CKMAMLACLRP?ŽM 
    'CKMEJM@GL?  
    'CKMPP?EG?ACPC@P?J 
    'GBP?R?ŽM 
    A?JMP 
    BCQCLTMJTGKCLRMBMNJ?LM 
    BGPCRPGXCQ 
    K?LSRCLŽM 
    KRMBMQBC?T?JG?ŽM 
     A?KNM 
     J?@MP?RMPG?GQ 
    'GNCPNJ?QG?  
    'GNCPRCLQŽM  
    CVCPA”AGMQ  
    H?JCAM@P?LAM 
    'GNCPRCPKG?  
    'GNCPRšLGAM 
    'GNCPRPM¤? 
    'GNCPTCLRGJ?ŽMBMQL?B?BMPCQ?LRCQB?AMKNCRGŽM 
    'GNM FGBP?R?ŽM 
    'GN™¤QC 
    BC¤LGŽM 
    JMA?JGX?ŽM 
    'GNMEJGACKG? 
    'GNML?RPCKG? 
    'GNMRŠJ?KM   
    BC¤LGŽM 
    FMPKšLGMQJG@CP?BMPCQMSGLG@GBMPCQ 
    JMA?JGX?ŽM 
    'GN™RCQC AMLACGRM 
    'GNMRGPCMGBGQKM CVCPA”AGMAMKMRP?R?KCLRM 
    'GNMVG? 
    'GQRGBGL? 
    '(5 (#2CCVCPA”AGM 
    'MKCMQR?QG? 
    'MPKšLGM  
    ?BPCL?JGL?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    ?BPCLMAMPRGAMRP™¤AM "3'
     ?CQ 
     ™PEŽMCLB™APGLM 
    ?KGLMŠAGBMQ 
    ?LRGBGSPRGAM #'
     ?ŽM 
     ™PEŽMCLB™APGLM 
    ?RPG?JL?RPGSPRGAM
     ?ŽM 
     ™PEŽMCLB™APGLM 
    ?SV”JGMCPEME‘LGAM 
    A?JAGRMLGL?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    AGAJMQAGPA?BG?LMQ 
    AMLACLRP?CQQ?LES”LC?Q 
    AMLRPMJCB?QQCAPCCQ 
    APCQAGKCLRM&' 
     ?CQ 
     ?RJCR?Q SQM 
     ?SV”JGMCPEME‘LGAM 
     ™PEŽMCLB™APGLM 
     PCQNMQR?BSP?LRCMCVCPA”AGM GKN?ARMB?M@CQGB?BC 
     PCQNMQR?QC?B?NR?CQ?MCVCPA”AGM 
    BCEP?B?ŽM 
    CQRCPMGBCQ 
    CQRGKSJ?BMPB?RGPCMGBC32' 
     ?CQ 
     ™PEŽMCLB™APGLM 
    CQRPME‘LGM
     ?CQ 
     ™PEŽMCLB™APGLM 
    CQRPSRSP? 
    DMJGASJMCQRGKSJ?LRC%2'
     ?CQ 
     ™PEŽMCLB™APGLM 
    EJGAMAMPRGAMGBCQ
     ?CQ 
     ™PEŽMCLB™APGLM 
    EJSA?EML
     ?ŽM 
     ™PEŽMCLB™APGLM 
    GLQSJGL?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    JCNRGL?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    JG@CP?ŽM 
    JSRCGLGX?LRC+'
     ?ŽM 
     ™PEŽMCLB™APGLM 
    KCG? TGB? 
    KGLCP?JMAMPRGAMGBCQ
     ?CQ 
     ™PEŽMCLB™APGLM 
    KSB?L?QQ?XML?GQ 
    LMP?BPCL?JGL?
     ?CQ 
     ™PEŽMCLB™APGLM 
    MAGRMAGL?
     ?CQ 
     ™PEŽMCLB™APGLM 
    N?P?RGPCMGBG?LM 
     ?ŽM 
     ™PEŽMCLB™APGLM 
    NCNR”BGMQ  
    NP™ CLACD?JGL?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    NPMECQRCPML?
     ?CQ 
     ™PEŽMCLB™APGLM 
    NPMJ?ARGL?/PJ
     ?CQ 
     ™PEŽMCLB™APGLM 
    NSJQ?RGJGB?BC 
    PCACNRMPCQ 
    Q”LRCQC 
    RCQRMQRCPML?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    RGNMQ 
    RGPMVGL?
     ?ŽM 
     ™PEŽMCLB™APGLM 
    RP?LQNMPRC 
    TGR?KGL?#
    
    (BMQMQCCVCPA”AGMQ 
    ?B?NR?CQ 
    CDCGRMQ¤QGMJ™EGAMQ 
    NPCQAPGŽM 
    (&% ( 
    (KNCB‹LAG?@GMCJRPGA? 
    (KNSJQMQ
    AMLBSŽM
     JMA?J 
     Q?JR?R™PG? 
    CJRPGAML?AMLRP?ŽMKSQASJ?P 
    LCPTMQM 
    zLBGAC
    CQRPCQQCA?SQ?BMNCJMA?JMP 
    EJGA‘KGAM 
    K?QQ?AMPNMP?J 
    (LD‹LAG? 
    (LD?PRMBMKGMAŠPBGM 
    JGKGR?CQBCRP?@?JFMAMK
    MQ@P?MQ 
    (LQNGP?ŽM 
    (LQS¤AG‘LAG?A?PB”?A? 
    (LQSJGL?
    ?SV”JGMCPEME‘LGAM 
    PCACNRMPCQ 
    (LRCLQGB?BCBMRPCGL?KCLRM 
    KCR?@MJGQKMBMRPGEJGACP”BGMMSA?P@MGBP?RM 
    (LRCPK?ŽMGLBSXGB?NMPCVCPA”AGM 
    RP?R?KCLRM?ESBM 
    TGQŽMBMCQNCAG?JGQR? 
    (LRCPLCSPšLGMQ 
    (LRCQRGLM
    BCJE?BM 
    EPMQQM 
    (LRSGŽM 
    (MBM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    (ME? 
    zMLQ 
    NMRŠQQGM 
    Q™BGM 
    (QMJCSAGL? 
    (QMRšLGAM 
    (QOSCKG? 

    )SLŽMLCSPMKSQASJ?P
    CVCPA”AGM 
    !
    *MPMRIMDD QMK 
    "
    +CG
    #?JRML 
    'CLPW 
    RSBMMSL?B? 
    +CQŽMB?KCBSJ?CQNGL?J 
    +CSAGL? 
    +GE?LRC 
    +GKG?P
    J?AR?RM  
     ?B?NR?CQ?MCVCPA”AGM 
    TCLRGJ?R™PGM 
    +GKGRCQTCLRGJ?R™PGMQ 
    +GLF?Q Q?PAšKCPMQ
    , 
    9 
    +GN?QC 
    QCLQ”TCJ?FMPKšLGM 
    +GN™JGQC 
    +GNMNPMRC”L? 
    +GQGL? 
    +GRCP?RSP?AGCLR”¤A? 
    KCA?LGQKMQBCNCQOSGQ? 
    NPMACQQMBCPCTGQŽMNMPN?PCQ 
    RGNMQBCCQRSBMQ 
    +M@M
    DPMLR?J 
    MAAGNGR?J 
    N?PGCR?J 
    RCKNMP?J 
    +SR?JGTPC BCQGBP?R?ŽM 
    #
    ,?APMKGLCP?GQ 
    AŠJAGM 
    AJMPM 
    CLVMDPC 
    D™QDMPM 
    K?ELQGM 
    NMRŠQQGM 
    Q™BGM 
    ,?APMLSRPGCLRCQ  
    A?P@MGBP?RM 
    NPMRC”L? 
    RPGEJGACP”BGMQ 
    ,?ELQGM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    ,?J?ESBMB?QKMLR?LF?Q 
    ,?JRMBCVRPGL?Q 
    ,?LE?L‘Q
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    ,?P?RML? BCQGBP?R?ŽM 
    ,?PA?ŽMBCKGMQGL? 3/?QC 
    ,?QQ?
    EMPB?,& 
    K?EP?,, 
    PCBSŽMQŠ@G? 
    TCLRPGASJ?PCQOSCPB? 
    ,CBGR?ŽM 
    ,CBSJ?CQNGL?J 
    JCQŽM 
    LCPTMQ 
    ,CK@P?L?PCQNGP?R™PG? 
    ,CLMPP?EG? 
    ,CLQRPS?ŽM 
    CVCPA”AGM GL¥S‘LAG? 
    ,CLQSP?ŽMB?NPMBSŽMBCCLCPEG? 
    A?JMPGKCRPG?
     BGPCR? 
     GLBGPCR? 
    R?V?BCKCR?@MJGQKM@?Q?J 
    ,$3 
    T?JMPCQBC?RGTGB?BCQ
    QCJCAGML?B?Q 
    ,CR?@MJGQKM 
    ?CP™@GM  
     KŠVGKM 
     RPGEJGACP”BGM 
    ?L?CP™@GM  
    A?P@MGBP?RM
     BSP?ŽMBMCVCPA”AGM 
     GLRCLQGB?BCBMCVCPA”AGM 
    GLRCP?CQ 
     CTCLRMQ?L?CP™@GMQ 
     CTCLRMQBC,5+<9(5*, 
    NPMRC”L? 
    RPGEJGACP”BGM
     BSP?ŽMBMCVCPA”AGM 
     GLRCLQGB?BCBMCVCPA”AGM 
    TCLRGJ?ŽM ?QQMAG?ŽM 
     COSGT?JCLRCQPCQNGP?R™PGMQ 
     JGKG?PTCLRGJ?R™PGM 
     NMLRMBCAMKNCLQ?ŽM
    PCQNGP?R™PG? 
    ,CRGMLGL? 
    ,GAPMEP?¤?B?HSLŽM
    LCSPMKSQASJ?P 
    ,GAPMKGLCP?GQ 
    ,GAPMLSRPGCLRCQ 
    AŠJAGM 
    BMCL?QAPšLGA?Q 
    DCPPM 
    KGLCP?GQ 
    TGR?KGL?Q 
    ,GCJGLGX?ŽM 
    ,GLCP?GQ 
    AŠJAGM 
    AM@PC 
    DCPPM 
    K?LE?L‘Q 
    KMJG@B‘LGM 
    QCJ‘LGM 
    XGLAM 
    ,GLCP?JMAMPRGAMGBCQ 
    ,GMAŠPBGM 
    ,GM¤@PGJ?Q 
    ,GMEJM@GL? 
    ,GMQGL? 
     3/?QC 
     ?LŠJGQCFGQRMOS”KGA? 
     K?PA?ŽM 
    A?BCG?QNCQ?B?Q 
    KMJASJ? 
    RCMPG?BMQ¤J?KCLRMQBCQJGX?LRCQ 
    ,GRM 
    ,MBSJ?BMPCQBCFCKMEJM@GL? 
    ,MJG@B‘LGM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    ,MLMQQ?A?P”BGMQ 
    ,MTGKCLRMBCDMP? 
    ,žQASJMQ
    A?PB”?AM 
     CJCRPMA?PBGMEP?K? 
     CQNCQQSP?B?N?PCBCA?PB”?A? 
    CQOSCJRGAM  
     ?B?NR?CQ?MRPCGL?KCLRMOSCKCJFMP?KMBCQCKNCLFM 
      AMKN?RG@GJGB?BCBMQNPMEP?K?QBCRPCGL?KCLRM 
      ,5+<9(5*, 
      PCQGQR‘LAG? 
     ?LR?EMLGQR? 
     @”ACNQ 
     A?N?AGB?BCQBCNPMBSŽMBCDMP? 
      ASPT?Q
      RCPKMQSRGJGX?BMQN?P?BCQAPCTCPMCVCPA”AGMBCPCQGQR‘LAG? 
      RGNMQBC?ŽMKSQASJ?P 
     AGAJMCQRGP?KCLRM CLASPR?KCLRM 
     AMKNMLCLRCCJŠQRGAM 
     AMLRP?ŽM 
     CQRPSRSP?@ŠQGA? 
     ¤@P?Q 
     ¤J?KCLRM
      ?ARGL? 
      KGMQGL? 
     MPE?LGX?ŽM@ŠQGA? 
     NPMNPGMACNŽMCQCLRGBMAGLCQRQGAM 
     NPMRC”L?QLŽMAMLRPŠRCGQ 
     OS?JMK?GMP 
     Q?PAšKCPM 
     RCAGBMAMLCARGTM  
     RCMPG?BMQ¤J?KCLRMQBCQJGX?LRCQ 
    PCQNGP?R™PGMQ RPCGL?KCLRM
    CKL?B?BMPCQ 
    RPMA?E?QMQ? 
    $
    -?B?BMPCQ
    FGNCPTCLRGJ?ŽM?LRCQB?AMKNCRGŽM 
    RPCGL?KCLRMBMQKžQASJMQ
    PCQNGP?R™PGMQ 
    -?R?ŽM FGNCPTCLRGJ?ŽM?LRCQB?AMKNCRGŽM 
    -C@SJGL? 
    -CSPM FGN™¤QC FMPKšLGMQ 
    -CSPMCLB™APGLM AMLACGRM 
    -CSPMEJG? 
    -CSPMJCK? 
    -CSPšLGMQ 
    ?VšLGMQ 
    @GNMJ?P 
    AMPNMACJSJ?P 
    BCLBPGRMQ 
    GLRCPLCSPšLGMQ 
    KMRMPCQ 
    KSJRGNMJ?P 
    NQCSBMSLGNMJ?P 
    QCLQGRGTMQ 
    -G?AGL? 
    BC¤AG‘LAG? 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    -GAMRGL?KGB??BCLGL?BGLSAJCMR”BCM- # 
    -™
     5?RPGMTCLRPGASJ?P 
    2 QGLM?RPG?J 
    -MBMQBC1?LTGCP 
    -MP?BPCL?JGL? 
    -žAJCMBMLCSPšLGM 
    %
    .@CQGB?BC 
    A?SQ?Q 
    ACLRP?J 
    APG?L?Q 
    BMCL?A?PBGMT?QASJ?P 
    CNGBCKG? 
    GKN?ARML?PCQNMQR?BMFMPKšLGMBMAPCQAGKCLRMLMCVCPA”AGM 
    NCPGDPGA? 
    .!+ GL”AGMBM?AžKSJMBCŠAGBMJŠARGAMLMQ?LESC 
    .@QCPT?CQ?LCB™RGA?Q 
    .JGKN”?B?QQCLGMPCQ 
    PEŽMRCLBGLMQMBC&MJEG 
    .QKMJ?JGB?BC 
    .QRCMNMPMQC  
    AŠJAGM 
    .TŠPGMQ
    FMPKšLGMQ 
    JMA?JGX?ŽM 
    .VGB?ŽMBC?KGLMŠAGBMQ ?SKCLRMB?R?V? 
    .VGCKMEJM@GL? 
    ASPT?BCBGQQMAG?ŽM 
       BGDMQDMEJGACP?RM CDCGRM 
     N' CDCGRM 
     RCKNCP?RSP? CDCGRM 
     RP?LQNMPRCBCBG™VGBMBCA?P@MLMNCJ?A?P@?KGLMCKMEJM@GL? 
    .VGE‘LGM
    ?HSB?LMDMPLCAGKCLRM 
    AMLQSKM
     ?JRGRSBC 
     ?N™QCVCPA”AGM 
     A?JMPGKCRPG?GLBGPCR? 
     KŠVGKM  
      CPPMB?KCBGB? 
     NGAM SQ?BMN?P?NPCQAPCTCPMRPCGL?KCLRM?CP™@GM 
    BGDCPCL??PRCPGMTCLMQ? 
    BGDSQŽM 
    DMPLCAGKCLRM?MRCAGBM 
    QSNJCKCLR?ŽM 
    RP?LQNMPRC 
    &
    /‹LAPC?Q 
    JMA?JGX?ŽM 
    /?P?RGPCMGBC =,9EJ‹LBSJ?N?P?RGPCMGBC
    /?PCBCA?PB”?A? CQNCQQSP? 
    KCBGŽM 
    /CJC FMPKšLGMQ 
    /CNR”BGMQ 
    NP™ MNGMKCJ?LMAMPRGL?/.," 
     ?B?NR?CQ?MCVCPA”AGM 
    /CPACLRS?JBCEMPBSP?AMPNMP?J 
    KBGM 
    /CP¤JJGN”BGAMQ?LES”LCM 
    /CPGAŠPBGM 
    /CPGK”QGM 
    /CPG™BGAMAMKPCTGQŽMNMPN?PCQ 
    /CPGMBGX?ŽM RPCGL?KCLRM 
    ?CP™@GM 
    DMP? NMR‘LAG?AJŠQQGAM 
    LŽMJGLC?P 
    /CQ?ECKFGBPMQRŠRGA? 
    /CQMAMPNMP?J BGCR?N?P?PCBSŽM 
    @C@CPŠES?QS¤AGCLRC 
    A?JMPG?Q PCBSŽM 
    BPŠQRGA? 
    CQAMJF?QQCLQ”TCGQCKPCJ?ŽM
    EMPBSP? 
    JMA?JGX?B? 
    NCOSCL?QNMPCQ 
    /CQOSGQ?LMCQNMPRCCLMCVCPA”AGMBGŠPGM ?NJGA?ŽM  
    ?ASPŠAG?B?QGLDMPK?CQCRMK?B?BCBCAGQŽM 
    ?JMLE?KCLRMC?OSCAGKCLRM 
    ?L?RMKG?BCSKCQRSBM 
     BGQASQQŽM 
     KRMBMQ 
     PCQSJR?BMQ 
    ?NJGA?B?  
    ?RGTGB?BCLMA?KNM=,9:<:J?@MP?R™PGM 
    @ŠQGA?  
    A?KNM 
    AMPPCJ?AGML?J 
    BCQAPGRGT? 
    CQRSBMQ RGNMQ 
    CVNCPGKCLR?J 
    CVRP?ŽMB?Q?NJGA?CQNPŠRGA?Q 
     AMKNPCCLQŽMBMAMLRCVRMBMCQRSBM 
     AMLR”LSMBCNMQQG@GJGB?BCQ 
     BGPCŽM@ŠQGA?N?P?CQAMJF?QC?CQ 
    D?RMQ 
    GLRPMBSŽM 
    J?@MP?RMPG?J 
    JGRCP?RSP?AGCLR”¤A? 
    KCA?LGQKMQ 
    KRMBMQ
     AGCLR”¤AM 
     LŽMAGCLR”¤AM 
      ?SRMPGB?BC 
      CKN”PGAM 
      GLRSGŽM 
      KGRM 
      P?AGML?JGQR? 
      RCLR?RGT??CPPM 
      RP?BGŽM 
      TGQ 
    MPGEGL?J 
    NPGLA”NGM 
    NPMACQQMBCPCTGQŽMNMPN?PCQ 
    /S@,CB  
    PCNCLQ?LBMSK?FGN™RCQC 
    PCTGQMPCQ MOSCNPMASP?KCK
    SK?PRGEM 
    QCJCŽMBCNCPG™BGAMQAMKPCTGQŽMNMPN?PCQCKAG‘LAG?BMCQNMPRC
    CCVCPA”AGM 
    RCMPG?Q 
    RGNMQ 
    /'CBGQQMAG?ŽMB?MVGCKMEJM@GL? 
    /”JSJ?Q?LRGAMLACNAGML?GQMP?GQ
    KMLMDŠQGA?Q 
    RPGDŠQGA?Q 
    /J?A?BCQCLTMJTGKCLRM
    ?RCPMQAJCPMQC 
    /J?QK? 
    FMPKšLGMQ 
    /JCRGQKMEP?¤?NMPBCQJMA?KCLRMQ
    BC?P 
    /JCSP?Q 
    /JCVMAMPMGBC 
    /JGMKCRPG? 
    /MBCPB?KCLRC 
    /MJGKCLRM 
    /MJGQQ?A?P”BGMQ 
    /MLRCQ 
    /MLRMBCAMKNCLQ?ŽMPCQNGP?R™PG? 
    /MRŠQQGM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    /MR‘LAG? 
    /MRCLAG?BMPCQBCMVGE‘LGMQ?LES”LCM 
    /MRCLAG?JBC?ŽM 
    /PŠRGA?@?QC?B?CKCTGB‘LAG?Q 
    /P CAJ‹KNQG? 
    /PCN?P?BMPD”QGAM RP?@?JFML?-?RGML?J%MMR@?JJ+C?ESC 
    /PCQQŽM
    ?PRCPG?J
     ?JR?C?RGTGB?BC 
     KCBGB? 
     PCNMSQMCCVCPA”AGM 
    @?PMKRPGA? 
    GLRP?NJCSP?J 
    MQK™RGA? 
    Q?LES”LC? 
     ?PRCPG?GQQGQR™JGA?CBG?QR™JGA? 
    /PGKCGP?GLD‹LAG? 
    /PGLA”NGMQ 
    %GAI 
    /P™ FMPKšLGMQ 
    /PMECQRCPML? 
    /PMEP?K?QBCRPCGL?KCLRM 
    NCPGMBGX?ŽM 
    NPGMPGX?ŽM 
    /PMJGL? 
    /PMNPGMACNŽM 
    /PMNPGMACNRMPCQ 
    /PMRC?QCQ 
    /PMRC”L?  
    AŠJASJMB?QA?JMPG?Q 
    BGCR?QAMK?JR?GLECQRŽM 
    GLECQRŽM 
    KCR?@MJGQKM 
    LŽMAMLRPŠRCGQ DSLŽMKSQASJ?P 
    QSNJCKCLR?ŽM
     ?LRCQ BSP?LRCCBCNMGQBM
    RPCGL?KCLRM 
     RPCGL?KCLRMBC,5+<9(5*, 
    /PMRMAMJMQ 
    AGAJMCPEšKCRPM 
    CQRCGP? 
    /QCSBMCDCBPGL? 
    /S@,CB 
    AMKMD?XCPSK?NCQOSGQ? 
    CLAMLRP?P?PRGEMQ 
    /SJKCQ 
    '
    0SG?QK?™NRGAM 
    0SGJMA?JMPG?*A?J 
    0SGKGMPPCACNRMPCQ AMLRPMJCB?TCLRGJ?ŽM 
    ACLRP?GQ 
    NCPGDPGAMQ 
    (
    1?BG?ŽM A?JMP 
    1?KMQQS@CLBMAŠPBGAMQ 
    1?XŽMBCRPMA?PCQNGP?R™PG? 
    1?XŽM 
    1# GLECQRŽMBGCRRGA?
    PCAMKCLB?B? 
    AŠJAGM 
    AJMPM 
    AM@PC 
    CLVMDPC 
    DCPPM 
    ¥žMP 
    D™QDMPM 
    GMBM 
    K?ELQGM 
    K?LE?L‘Q 
    KMJG@B‘LGM 
    NMRŠQQGM 
    QCJ‘LGM 
    Q™BGM 
    TGR?KGL?Q  
    XGLAM 
    1C?ŽM
    ?L?@™JGA? 
    A?R?@™JGA? 
    1CACNRMPCQ 
    #'/BG FGBPMNGPGBGL? 
    BMP 
    GLQSJGL? 
    NCJCCBCQCKNCLFML?JSR? 
    OS”KGAMQ 
    PG?LMBGL? 
    RCKNCP?RSP? 
    1CASNCP?ŽM?N™QMCVCPA”AGM
    ?RGT? 
    K?VGKGX?ŽM 
    KCR?@™JGA? 
    N?QQGT? 
    1CDCGCQCAMKNCRGŽM 
    1C¥CVMQ 
    1CNMQGŽMF”BPGA?BSP?LRC??RGTGB?BCBCJMLE?BSP?ŽM 
    1CNMSQM QS@QRP?RMQKCR?@™JGAMQ 
    1CQGQR‘LAG? RPCGL?KCLRM 
    CDCGRMQBMRPCGL?KCLRM 
    KSJFCPCQ 
    1CQNGP?ŽM  
    ACJSJ?P 
    AMLRPMJCB?TCLRGJ?ŽM 
    BGDSQŽMLMQNSJKCQ 
     BG™VGBMBCA?P@MLM 
     ¥SVMQ?LES”LCM 
     MVGE‘LGM 
    CVCPA”AGMCTCLRGJ?ŽMNSJKML?P
    CDCGRMQ 
    CVNGP?ŽM 
    EJMQQMD?P”LEC? 
    GLQNGP?ŽM 
    JGKGRCQTCLRGJ?R™PGMQ 
    KCA?LGQKMQBCTCLRGJ?ŽM 
    NSJKML?P 
    PCQGQR‘LAG??M¥SVMBC?P 
    RP?LQNMPRCQ?LES”LCMBCEŠQ 
     ASPT?BCBGQQMAG?ŽMB?
    MVGCKMEJM@GL? 
     MVGE‘LGM 
    RPMA?E?QMQ?LMKžQASJM 
    TCLRGJ?ŽMNSJKML?P 
     ?QQMAG?B??MKCR?@MJGQKM 
    1CQQML‹LAG?K?ELRGA? 
    1CR”ASJMQ?PAMNJ?QKŠRGAM  
    1CRMPLMTCLMQM ?SKCLRM 
    1CRPM?JGKCLR?ŽM QGQRCK?Q 
    GL¥S‘LAG?QKžJRGNJ?Q 
    LCE?RGT? 
    NMQGRGT? 
    1CTGQŽM NPMACQQM
    ACE? 
    BSNJM ACE? 
    1G@M¥?TGL? =,95GR?KGL?!
    1G@MQC 
    1GLQ JMA?JGX?ŽM 
    1GRS?GQBMPC@?RCBMP 
    )
    2?AGCB?BC 
    2?LESC  
    ?PRCPG?J 
    AMKNMQGŽM 
    FMPKšLGMQ 
    NPCQQŽM 
    TCLMQM 
    2?PAšKCPM 
    @?LB?Q
      
     ( 
    JGLF?Q
     , 
     9 
    XML?(( 
    2?RSP?ŽMBMŠAGBMEP?VMCPGQAMBCBMCL? 
    2?žBC @CLCD”AGMQ 
    2CBC 
    2CBCLR?PGQKM 
    2CJ‘LGM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    2CLRGBMAGLCQRQGAM 
    2CPGL? 
    2GL?NQCQ 
    CJRPGA? 
    OS”KGA? 
    2”LAMNC 
    2”LBPMKC
    #MUL AMKNMPR?KCLRM
    BCKMTGKCLRMQ 
    KCR?@™JGA?  
     CRGMJMEG? 
     K?LCHM 
    RžLCJBMA?PNM 
    2GQRCK?Q
    AGPASJ?R™PGM  
     ?B?NR?CQLMPCNMSQM?MRPCGL?KCLRMBC,5+<9(5*,=,9:<:DMP? 
     AMP?ŽM  
     KSB?L?QBSP?LRCMCVCPA”AGM 
      ?SKCLRMBMPCRMPLMTCLMQM 
      DMPLCAGKCLRMBCMVGE‘LGM
    ?MRCAGBM 
      HSLŽMBMQD?RMPCQN?P??SKCLR?PMDMPLCAGKCLRMBCMVGE‘LGM 
      PCBGQRPG@SGŽMBM¥SVMBCQ?LESC 
     NSJKŽM 
     Q?LESC  
    CLB™APGLM  
     ?CQ?SR™APGL?QCN?PŠAPGL?Q 
     ?LBPME‘LGMQ 
     AGAJMQAGPA?BG?LMQ 
     D?RMPCQBCAPCQAGKCLRMQCKCJF?LRCQGLQSJGL? 
     EJ‹LBSJ?QCLB™APGL?QCCVCPA”AGM 
     FMPKšLGMQ 
      N?LAPCŠRGAMQ 
      N?P?RGPCMGBG?LM 
      QSNP?PPCL?GQ 
     KSB?L?QFMPKML?GQQ?XML?GQ 
     MPE?LGX?ŽM 
     PCACNRMPCQ 
     PCQNMQR?QCLB™APGL?Q GKN?ARMB?AMKNCRGŽM 
     QGELG¤A?BMN?P??¤QGMJMEG?BMCVCPA”AGM 
     QGQRCK?QBCPCRPM?JGKCLR?ŽM 
     RGPCMGBC 
    CLXGKŠRGAMQ?CP™@GMQ 
     AGAJMBC*PC@Q 
     DMLRCQBCA?P@MGBP?RMN?P?MKCR?@MJGQKM 
     KCR?@MJGQKM
      ?CP™@GMBMRPGEJGACP”BGM 
      NPMRC”L? 
     NPMBSŽM?CP™@G?BC 3/?N?PRGPBMA?P@MGBP?RM 
    KSQASJMCQOSCJRGAM  
     ?B?NR?CQ?MRPCGL?KCLRMOSCKCJFMP?KMBCQCKNCLFM 
     A?N?AGB?BCQBCNPMBSŽMBCDMP? 
     CQRPSRSP?@ŠQGA?BMKžQASJMCQOSCJRGAM 
     NPMNPGMACNŽMCQCLRGBMAGLCQRQGAM 
     RCMPG?BMQ¤J?KCLRMQBCQJGX?LRCQ 
    LCPTMQM  
     ?B?NR?CQLCSP?GQ?MCVCPA”AGM 
     ?NJGA?CQNPŠRGA?Q 
     AJSJ?Q 
     ACLRP?J 
     AMLBSŽMBCGKNSJQMQ 
     BGTGQŽM?SRšLMK? 
     CJCRPMKGMEP?¤? 
     CLAD?JM 
     D?BGE? 
     DSLCQ 
     K?LSRCLŽMB?FMKCMQR?QG? 
     KCBSJ?CQNGL?J 
     LCSPMEJG? 
     LCSPšLGMQ 
     MPE?LGX?ŽM 
     N?P?QQGKNŠRGAM 
      DSLCQ 
     NCPGDPGAM 
     PCACNRMPCQ 
     QGKNŠRGAM 
      DSLCQ 
     QGL?NQCQ 
     QMK?RMQQCLQMPG?J 
     SLGB?BCKMRMP? 
    LCSPMKSQASJ?P 
    PCQNGP?R™PGM  
     ?JTMJMQ 
     AMLRPMJCB?TCLRGJ?ŽM 
     BGDSQŽMLMQNSJKCQ 
     CQRPSRSP? 
     CQRPSRSP?Q?L?RšKGA?Q 
     CVCPA”AGMQCTCLRGJ?ŽMNSJKML?P CDCGRMQ 
     DSLŽM 
     JGKGRCQTCLRGJ?R™PGMQ 
     KCR?@MJGQKMCTCLRGJ?ŽM 
     RP?LQNMPRCQ?LES”LCMBCEŠQ 
     RPMA?E?QMQ?LMKžQASJM 
     SKGBG¤A?ŽM ?OSCAGKCLRMC
    ¤JRP?ŽMBM?P 
     TCLRGJ?ŽM KCA?LGQKMQ  
    2”QRMJC 
    2M@PCA?PE?BCA?P@MGBP?RM 
    2M@PCNCQM BMCL?A?PBGMT?QASJ?P 
    2™BGM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 
    2MJ 
    2MKBC*MPMRIMDD 
    2MK?ŽMRCKNMP?J 
    2MK?RMRPMDMQ 
    2MPM 
    2NMPR#GQASQ 
    ;,7 RCQRC 
    2S@QR‹LAG?Q ?SV”JGMCPEME‘LGAM 
    ŠJAMMJ 
    ?LDCR?KGL?Q 
    @CR?@JMOSC?BMPCQ 
    A?DC”L? 
    BGSPRGAMQ 
    SQMNPMG@GBM 
    2S@QRP?RMQKCR?@™JGAMQN?P?PCNMSQMCCVCPA”AGM 
    ?B?NR?CQ?CP™@G?Q?MCVCPA”AGM 
    GLRCP?CQ 
    JGKG?PBMJ?AR?RM 
    KCR?@MJGQKM?CP™@GMCKQCSKŠVGKM 
    2SBMPCQC 
    2SJAMBMCLAD?JM 
    2SMP
    AMLRCžBMCJCRPMJ”RGAM 
    NCPB?BCŠES? 
    2SNJCKCLR?ŽMBCMVGE‘LGM 
    2SNJCKCLRMLSRPGAGML?J ?SV”JGMQCPEME‘LGAMQ 
    ?LRGMVGB?LRCQ 
    @CR? FGBPMVG@CR?KCRGJ@SRGP?RM
    ',! 
    APC?RGL? 
    2SNMPRCLSRPGAGML?JN?P?M
    CVCPA”AGM  
    K?APMLSRPGCLRCQ  
     A?P@MGBP?RM 
     NPMRC”L? 
     RPGEJGACP”BGMQ 
    KGAPMLSRPGCLRCQ  
     AŠJAGM 
     DCPPM 
     KGLCP?GQ 
     TGR?KGL?Q 
    PCDCGCQCAMKNCRGŽM 
    2SNPGKCLRMQ?LES”LCMBMAMP?ŽM 
    *
    3ŠJ?KM 
    3?K?LFMAMPNMP?J 
    3?KNML?KCLRM
    OS”KGAM  
    Q?LESC 
    3?V?Q
    AMBG¤A?ŽM 
    KCR?@™JGA?BCPCNMSQM3,1 
    KCR?@MJGQKM@?Q?J3,! 
    MVGB?ŽMBC?KGLMŠAGBMQ ?SKCLRM 
    3CAGBM
    ?BGNMQM FMPKšLGM 
    AMLCARGTM 
    3CKNCP?RSP?
    AMPNMP?JCBGQQMAG?ŽM
    B?MVGCKMEJM@GL? 
    EJM@?JBC@SJ@MžKGBM6!&3 
    3CLBCQ 
    3CLQŽMNP KCLQRPS?J3/, 
    3CLR?RGT??CPPM KRMBM 
    3CMPG?Q 
    ¤J?KCLRMQBCQJGX?LRCQ 
    3CPKGL?J?VšLGAM 
    3CPKMPPCESJ?ŽM
    A?JMP 
     AMLBSŽM 
     AMLTCAŽM 
     CT?NMP?ŽM 
     P?BG?ŽM 
    APG?L?Q 
    DPGM 
    3CQR?ECK 
    3CQRC
    ?L?CP™@GMCKCQRCGP? 
    @GAGAJCR?CPEMKRPGA? 
    A?KGLF?B? 
    AMLTCPQ? 
    AMPPGB?  
    BGL?KšKCRPMBCNPCCLQŽM 
    ,5+<9(5*,A?PBGMT?QASJ?P 
     AGAJMCPEšKCRPM 
     APGRPGMQN?P?GLRCPPSNŽM 
     CJCRPMA?PBGMEP?K? 
     CQRCGP? 
     DPCOS‘LAG?A?PB”?A? KCBGB? 
     J?@MP?R™PGM 
     KCBGB?BMCQDMPMNCPAC@GBM 
     NPCQQŽM?PRCPG?J KCBGB? 
     T?JMPCQR”NGAMQBCAMLQSKMKŠVGKMBCMVGE‘LGM 
    CQA?B?BC,?PE?PG? 
    CQDMPM 
     NPMEPCQQGTM3$/ 
    GKNSJQŽMTCPRGA?J 
    NCPASQQŽMBMJGE?KCLRMB?N?RCJ?LMHMCJFM 
    :;,7 
    6GLE?RC 
    3CQR”ASJMQ
    FMPKšLGM 
    JMA?JGX?ŽM 
    3CQRMQRCPML? 
    BC¤LGŽM 
    KMBG¤A?CQ 
    PCQNMQR?QC?B?NR?CQBMCVCPA”AGM 
    3CR?LG? 
    3G?KGL? =,95GR?KGL?!
    3GKM JMA?JGX?ŽM 
    3GP?QL?Q?GQCBCQCKNCLFMBC?RGTGB?BCQD”QGA?Q 
    3GPCMGBC 
    ?B?NR?CQBMCVCPA”AGM 
    FMPKšLGM 
    JMA?JGX?ŽM 
    3GPMQGL? 
    3GRGL? 
    3MVGAGB?BC
    AŠJAGM 
    AJMPM 
    AM@PC 
    CLVMDPC 
    DCPPM 
    ¥žMP 
    D™QDMPM 
    GMBM 
    K?ELQGM 
    K?LE?L‘Q 
    KMJG@B‘LGM 
    NMRŠQQGM 
    QCJ‘LGM 
    Q™BGM 
    TGR?KGL?Q  
    XGLAM 
    3P?@?JFMKSQASJ?P 
    3P?BGŽM 
    3P?LQDCPPGL? 
    3P?LQDSQŽMQ?LES”LC?
    ?SR™JME? 
    FMK™JME? 
    3P?LQNMPRC
    BG™VGBMBCA?P@MLM 
     @GA?P@ML?RM 
     A?P@?KGLMCKMEJM@GL? 
    Q?LES”LCMBCEŠQ 
     ASPT?BCBGQQMAG?ŽMB?
    MVGCKMEJM@GL? 
     MVGE‘LGM 
    3P?SK?RGQKMAP?LG?LM 
    3PCGL?KCLRMD”QGAM
    ?CP™@GM 
     BSP?ŽMBCA?B?QCQQŽM 
     DPCOS‘LAG?BMRPCGL?KCLRM 
     GLRCLQGB?BCBMCVCPA”AGM 
     NPMEPCQQŽMBMRPCGLMBCAMLBGAGML?KCLRM 
     RGNMBCCVCPA”AGM 
    AMKN?RG@GJGB?BCBMQNPMEP?K?Q 
    BCQRPCGL?KCLRM 
    CQRPSRSP?BCSK?QCQQŽM 
     ?JMLE?KCLRM 
     ?OSCAGKCLRMCPCQDPG?KCLRM 
    GLRCPT?J?BM 
     BSP?ŽMBMGLRCPT?JM 
     CVRCLQŽMBMNCP”MBMBCPCNMSQM 
     DPCOS‘LAG? 
     GLRCLQGB?BC 
     OS?LRGB?BCBCGLRCPT?JMQ 
     RGNMQBCGLRCPT?JMBCPCNMSQM 
    KžQASJMQ 
    NCPGMBGX?ŽM 
     ?CP™@GM 
     DMP? NMR‘LAG?AJŠQQGAM 
     LŽMJGLC?P 
    NCQMCQSNJCKCLR?ŽMBC',! 
    PCQGQRGBM 
     BSP?ŽMBMNCP”MBMBCPCNMSQMCLRPCQPGCQCCVCPA”AGMQ 
     DPCOS‘LAG? 
     GLRCLQGB?BC 
     NPMEPCQQŽM 
     RGNM 
     TMJSKCBCSK?QCQQŽM
    BCCVCPA”AGMQ 
    3PCMLGL? 
    3P”?BCB?KSJFCP?RJCR?  
    3PGEJGACP”BGMQ  
    GLECQRŽM 
    KCR?@MJGQKM
     ?CP™@GM 
     BSP?ŽMBMCVCPA”AGM 
     GLRCLQGB?BCBMCVCPA”AGM 
    3PGNRMD?LM 
    3PMA?E?QMQ?
    A?NGJ?P 
    KžQASJM 
    3PMNMKGMQGL? 
    3PMNMLGL? 
    +
    4+JGKGRCBCGLECQRŽMKŠVGK?
    RMJCPŠTCJ 
    4KGB?BCPCJ?RGT? 
    4KGBG¤A?ŽMBM?P 
    4LGB?BCKMRMP? 
    KžJRGNJ?Q QMK?ŽM 
    PCAPSR?KCLRM 
    R?K?LFM 
    4PGL?
    AMLRCžBMCJCRPMJ”RGAM 
    NCPB?BCŠES? 
    ,
    5?JGB?BC 
    5?JGL? 
    5?JT?
    ?MPR? 
    RPMLAMNSJKML?P 
    5ŠJTSJ??RPGMTCLRPGASJ?PBGPCGR?
    CCQOSCPB? 
    5?PGŠTCGQ
    BCNCLBCLRCQ 
    GLBCNCLBCLRCQ  
    5?QMAMLQRPGŽM 
    AMLRPMJC
     CVRP”LQCAM 
     GLRP”LQCAM 
    5?QMBGJ?R?ŽM 
    AMLRPMJC
     CVRP”LQCAM 
     GLRP”LQCAM 
    5?QMQQ?LES”LCMQBCA?N?AGR‹LAG? 
    5CG?Q 
    A?T? 
    NSJKML?P 
    5CJMAGB?BCBCAMLBSŽMLCPTMQ? 
    5CLMAMLQRPGŽM 
    5CLRGJ?ŽM KCA?LGQKMQ 
    ?JRCP?CQBCNPCQQŽM 
    ?JTCMJ?P 
    ?QQMAG?B??MKCR?@MJGQKM 
     COSGT?JCLRCQPCQNGP?R™PGMQ 
     JGKG?PTCLRGJ?R™PGM 
     NMLRMBCAMKNCLQ?ŽM
    PCQNGP?R™PG? 
    AMLRPMJC 
     ACLRPM 
     GLDMPK?CQLCSP?GQ 
     OSGKGMPPCACNRMPCQ
      ACLRP?GQ 
      NCPGDPGAMQ 
    CVNGP?ŽM 
    GLQNGP?ŽM 
    NSJKML?P  
     ?JRGRSBC 
     A?N?AGB?BCNSJKML?P 
     CVCPA”AGMQ CDCGRMQ 
     DPCOS‘LAG?CNPMDSLBGB?BCB?PCQNGP?ŽM 
     T?JMPCQR”NGAMQKBGMQ 
     TMJSKCNSJKML?P 
    PCQGQR‘LAG??M¥SVMBC?P 
    5CLRP”ASJM
    BGPCGRM 
    CQOSCPBM 
    5‘LSJ?Q 
    5PRC@P?
    ACPTGA?J 
    AMAA”EC? 
    JMK@?P 
    Q?AP?J 
    RMPŠAGA? 
    5GQ 
    5GR?KGL?Q 
     
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    ŠAGBM
     D™JGAM 
     N?LRMR‘LGAM 
    ! 
    !RG?KGL?
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    !PG@M¥?TGL?
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    !
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    !
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    @GMRGL? 
    " 
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC 
    # 
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    $  
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BCQ QGLRMK?Q 
    FGBPMQQMJžTCGQ  
    * 
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    JGNMQQMJžTCGQ 
    LG?AGL?
     BC¤AG‘LAG? QGLRMK?Q 
     DMLRCQ?JGKCLR?PCQ 
     DSLCQ 
     1# MS ( 
     RMVGAGB?BC QGLRMK?Q 
    5MJSKCQ
    AMPPCLRC TCLRGJ?ŽMNSJKML?P 
    BG?QR™JGAM¤L?J5#% 
    CHCŽMLMB@GRMA?PB”?AM 
     NJ?Rš 
     NMQGŽMAMPNMP?J 
    NJ?QKŠRGAM 
    NSJKML?PCQ 
    PCQGBS?J TCLRGJ?ŽMNSJKML?P 
    QGQR™JGAM¤L?J52% 
    RPCGL?KCLRM 
    TCLRPGASJ?PCRPCGL?KCLRM 
    -
    6GLE?RC RCQRC 
    /
    9GLAM
    BC¤AG‘LAG? QGLRMK?Q 
    DMLRCQ?JGKCLR?PCQ 
    DSLCQ 
    1# MS ( 
    RMVGAGB?BC QGLRMK?Q 

    Você também pode gostar