!!!!!"#$$#%&'!(!)&#&*+*%&
!""#$%&'(#)*&+,-./#0*1#2,0*03.11+#020(3/.#403,50-.,*(32#+151-./#03+#
+151-.(61#)0*./#5&*#0#)1*(&+#&5#.713.%#5&,*#89:;#4&3.</#5*&4#.<1#+0.1#/.0.1+#
&3#.<1#&*(2(30"#(36&(-1#+*073#,)#'%#.<1#*1.0("1*#03+#2(613#.&#.<1#13+#,/1*=
>1.1*(&*0.(&3#-0,/1+#'%#3&*40"#710*#03+#.10*?#,30,.<&*(/1+#&*#(4)*&)1*#
,/1#&*#40(3.1303-1?#&*#&61*"&0+#0*1#1@-",+1+#5*&4#.<(/#2,0*03.11#0/#0*1#
0--1//&*(1/#/,-<#0/#'0..1*%#)0-A/?#"(2<.#',"'/?#'"0+1/?#5(..(32/?#'02/?#1.-=
B3#.<1#1613.#&5#40"5,3-.(&3#+,*(32#.<1#70**03.%#)1*(&+?#)"10/1#.0A1#.<1#
%,%(-.)+#%&/*-#)*&+,-.?#0"&32#7(.<#.<1#)*&&5#&5#),*-<0/1?#.&#%&,*#
*1.0("1*#&*#310*1/.#!,.<&*(/1+#$%&'(#C1*6(-1#D13.*1=
E<(/#70**03.%#(3#3F%#0551-./#%&,*# "120"#*(2<./#-&3-1*3(32#+151-.(61#
)*&+,-./=
######
0#$#%&.*!(!1,%-.&.,%)
D1#)*&+,(.#$%&'(#1/.#20*03.(#-&3.*1#"1/#6(-1/#+1#50'*(-0.(&3#1.#"1/#)(F-1/#
+G51-.,1,/1/#)&,*#,31#+,*G1#+1#6(32.HI,0.*1#89:;#4&(/?#J#-&4).1*#+1#
"0#+0.1#50(/03.#5&(#/,*#"K&*(2(30"#+1#"0#50-.,*1#G.0'"(1#)0*#"1#*1613+1,*#J#
"K,.("(/0.1,*#5(30"=
L1/#+G.G*(&*0.(&3/#)*&6&I,G1/#)0*#"K,/,*1#3&*40"1?#)0*#,31#,.("(/0.(&3#&,#
,3#13.*1.(13#03&*40"#&,#3&3#0,.&*(/G?#&,#)0*#,31#/,*-<0*21#/&3.#1@-",1/#
+1#"0#)*G/13.1#20*03.(1#+1#4M41#I,1#"1/#0--1//&(*1/#.1"/#I,1#'0..1*(1/?#
04)&,"1/?#"041/?#14'&,./?#/0-/?#1.-=
N3#-0/#+1#40,60(/#5&3-.(&331413.#0,#-&,*/#+1#"0#)G*(&+1#+1#20*03.(1?#
61,(""1O#136&%1*#"1#)*&+,(.#%,%!-2+,%&2!061-#"0#)*1,61#+K0-<0.#J#6&.*1#
5&,*3(//1,*#&,#0,#D13.*1#C1*6(-1#!2*GG#$%&'(#"1#)",/#)*&-<1#+1#-<1O#6&,/=
P&/#+*&(./#"G20,@#/1#*0))&*.03.#0,@#)*&+,(./#+G51-.,1,@#31#/&3.#)0/#*14(/#
13#-0,/1#)0*#"0#)*G/13.1#20*03.(1=
#
#####0#$#%&.*!(!3*-.%04%0*%
QR*# 0""1# $%&'(HS*&+,A.1# 2(".# 1(31# T0*03.(1# 21213# U0.1*(0"H# ,3+#
P1*0*'1(.,32/51<"1*# 5R*# 1(313# V1(.*0,4# 6&3# 6(1*,3+O703O(2# 89:;#
U&30.13#0'#+14#>0.,4#+1*#6&4#W(1+1*61*AX,51*#5R*#+13#N3+'13,.O1*#
0,/21/.1"".13#Y*(2(30"*1-<3,32=#
Q1<"1*?#+(1#0,5#T*,3+#1(31*#3&*40"13#!'3,.O,32?#1(31*#,3'1*1-<.(2.13#&+1*#
50"/-<13#W0*.,32#&+1*#Z03+<0',32#&+1*#+,*-<#1(31#['1*'1"0/.,32#0,5.*1.13?#
/(3+#6&3#+1*#T0*03.(1#0,/21/-<"&//13=#>(1/#2(".#0,-<#5R*#V,'1<\*.1("1#7(1#
]0..1*(13?#T"R<'(*313?#CX21'"X..1*?#!3/0.O/.R-A1?#]1,.1"#,/7=#
C13+13# C(1# +0/# S*&+,A.# (4# Q0""# 1(31/# >151A./# (331*<0"'# +1/#
T0*03.(1O1(.*0,41/# (3# %.15&! 6*$/*0&*+# V,/.03+# O,/04413#
4(.#+14# ^0,530-<71(/# 03# B<*13# ZX3+"1*#&+1*# B<*# 3X-</.1/# $%&'(H
^,3+13+(13/.O13.*,4#O,*R-A=
>(1/1#T0*03.(1#<0.#A1(31#!,/7(*A,3213#0,5#B<*1#21/1.O"(-<13#$1-<.1#(3#
]1O,2#0,5#51<"1*<05.1#S*&+,A.1=
#####0#$#%&7#!(!1,%-.1.,%*)!
N/.1#)*&+,-.&#$%&'(#1/._#20*03.(O0+&#-&3.*0#"&/#+151-.&/#+1#50'*(-0-(`3#
%#"0/#)(1O0/#+151-.,&/0/#)&*#,3#)1*a&+&#+1#61(3.(-,0.*Y:;#41/1/?#0#
)0*.(*#+1#"0#51-<0#I,1#5(2,*0#13#1"#&*(2(30"#+1#"0#50-.,*0#1/.0'"1-(+0#)&*#1"#
+(/.*(',(+&*#0"#,/,0*((30"=
C1# 1@-",%13# +1# "0# )*1/13.1# 20*03.a0# "&/#+1.1*(&*&/# )*&6&-0+&/# )&*#
,3#+1/20/.1#3&*40"?# ,30# ,.("(O0-(`3# Ɠ.13(4(13.&# (3-&**1-.&#&#
0,.&*(O0+&?#%#,30#/&'*1-0*20?#0/a#-&4&#"&/#+(61*/&/#0--1/&*(&/b#'0.1*a0/?#
'&4'(""0/?#<&c0/?#),3.0/?#'&"/0/?#1.-=
N3#-0/&#+1#5,3-(&304(13.&#(3-&**1-.&#+,*03.1#1"#)1*a&+&#+1#"0#20*03.a0?#136a1#
1"#)*&+,-.&#).%!-*)+,%&#$!-&3#"0#)*,1'0#+1#-&4)*0#0#/,#)*&611+&*#�"#
D13.*&#+1#C1*6(-(&#!-*1+(.0+&#$%&'(#4_/#-1*-03�#/,#+&4(-("(&=
L&/#+1*1-<&/#"120"1/#*1"0-(&30+&/#-&3#"&/#)*&+,-.&/#+151-.,&/&/#3&#/&3#
-,1/.(&30+&/#)&*#"0#)*1/13.1#20*03.a0=
# 0#$#%6.#!(!1,%-.6.,%.
d,1/.&#)*&+&..&#$%&'(#F#20*03.(.&#-&3.*&#.,..(#(#+(51..(#+(#50''*(-0O(&31#1#
)1OO(#+(51..&/(#)1*#,30#+,*0.0#+(#613.(I,0..*Y:;#41/(?#0#)0*.(*1#+0""0#+0.0#
(3+(-0.0#/,""e&*(2(30"1#+1""0#50..,*0#-&4)("0.0#+0"#*(613+(.&*1#1#-&3/1230.0#
0""e,.13.1#5(30"1=
B"#+1.1*(&*0413.&# )*&6&-0.&# +0""e,/,*0#3&*40"1?# +0# ,3# ,.("(OO&#&# ,30#
403,.13O(&31#3&3# -&35&*4(# &3# 0,.&*(OO0.(?# &#+0#,3#/&6*0--0*(-&?#
F#1/-",/&#+0""0#)*1/13.1#20*03O(0=#L0#20*03O(0#F#1/-",/0#03-<1#)1*#2"(#
0--1//&*(#-&41#'0..1*(1?#"04)0+(31?#"041?#),3.1?#'&*/1?#1--=
B3#-0/&#+(#40"5,3O(&30413."#-&*/&#+1"#)1*(&+&#+(#20*03O(0?#*()&*.0*1#
("#)*&+&..&#%,%!)+,%&#&,#-&**1+0.&#+1""0#)*&60#+e0-I,(/.�"#5&*3(.&*1#
�"#)(f#6(-(3&#D13.*&#+(#!//(/.13O0#!,.&*(OO0.&#$%&'(=
B#+(*(..(#"120"(#*1"0.(6(#0(#)*&+&..(#+(51..&/(#3&3#/&3&#*(41//(#(3#-0,/0#+0""0#
)*1/13.1#20*03O(0=
####
######0#$#%&.*8,,$"##$-*%
>(.#$%&'(# )*&+,-.# (/#21700*'&*2+# .1213# 50'*(-0215&,.13# 13# +151-.1#
&3+1*+1"13# 21+,*13+1# 113#)1*(&+1# 603# 6(1*13.7(3.(2# 89:;# 4003+13?#
.1#*1A1313#60305# +1# &55(-(g"1#+0.,4# &)# <1.#&*(2(311"#603# +1# +&&*# +1#
71+1*61*A&)1*#003#+1#1(3+21'*,(A1*#,(.21/-<*1613#*1A13(32=
]1/-<0+(2(3213#61*&&*O00A.#+&&*#3&*40"1#/"(c.021?#+&&*#0'3&*400"#&5#
&321&&*"&&5+#21'*,(A#&5#&3+1*<&,+?#&5#+&&*#&61*'1"0/.(32#60""13#3(1.#&3+1*#
+1O1#20*03.(1?#16134(3#0"/#0--,K/?#"04)13?#'(./?#/3(c'"0+13?#O0AA13#13O=
B3#2160"#603#/"1-<.1#71*A(32#.(c+13/#+1#20*03.(1)1*(&+1?#7&*+.#,#61*O&-<.#
<1.#%.*&!0*-*+,%&**$-*!)*&+,-.#/0413#41.#+1#A&&)'&3#003#,7#
"161*03-(1*#&5#003#<1.#+(-<./.'(cO(c3+1#$%&'(#/1*6(-1-13.*,4#.1#/.,*13=
>1O1#20*03.(1#+&1.#3(1.#05#003#,7#71..1"(cA1#*1-<.13#41.#'1.*1AA(32#.&.#
+151-.1#)*&+,-.13=
#
!!!!!!0#$#%&.#!(!1,%-.9:*)
N/.1#)*&+,.&#$%&'(#1/._#20*03.(+&#-&3.*0#&/#6a-(&/#+1#50'*(-#0/#)1h0/#
+151(.,&/0/#)&*#,4#)*0O&#+1#6(3.1#1#I,0.*Y:;#41/1/?#0#-&3.0*#+0#+0.0#
I,1#50O#5G#3&#&*(2(30"#+0#50-.,*0#14(.(+0#)1"ɥ+1+&*#0&#,.("(O0+&*#5(30"=
!/#+1.1*(&*0hi1/#)*&6&-0+0/#)1"&#+1/20/.1#3&*40"?#)&*#,40#,.("(O0hj&#
&,#,40#403,.13hj&*40"#&,#3j�,.&*(O0+0?#&,#)&*#,40#/&'*1-0*20#
5(-04#1@-",a+0/#+0#)*1/13.1#20*03.(0#0//(4#-&4&#&/#0-1//`*(&/#.0(/#-&4&#
'0.1*(0/?#"k4)0+0/?#"k4(30/?#)&3.1(*0/?#/0-&/?#1.-=
l&#-0/&#+1#40,#5,3-(&30413.&#+,*03.1#&#)1*a&+&#+1#20*03.(0?#I,1(*0#136(0*#
&#)*&+,.&#%;,!-*)+,%&#-,#-&4#0#)*&60#+1#-&4)*0#0&#/1,#5&*31-1+&*#
&,#0&#D13.*&#+1#C1*6(h&#!,.&*(O0+&#$%&'(#40(/#)*`@(4&=
Y/# /1,/# +(*1(.&/# "120(/# *1"0.(6&/# 0&/# )*&+,.&/# +151(.,&/&/# 3j&# /j&#
)*1c,+(-0+&/#)1"0#)*1/13.1#20*03.(0=
!!!!!!!0#$#%&.!(!$*</#+#&.,%)$*&
>1*#1*#*1A"040.(&3/*1.#)m#+1..1#$%&'(#)*&+,A.#5&*#50'*(A0.(&3/51c"#&2#+151A.1#
+1"1#(#5(*1&2.%61#89:;#4m31+1*#5*0#2%"+(2<1+/+0.&13#)m#&*(2(30"50A.,*013#
,+/.1+.#05#5&*<03+"1*13#.("#/",.'*,21*13=
CA0+1*# &)/.m1.# )m# 2*,3+# 05# 0"4(3+1"(2.# /"(+?# ,3&*40"# 1""1*# (AA1# .(""0+.#
03613+1"/1?#5&*A1*.#61+"(21<&"+1"/1#1""1*#&61*'1"0/.3(32#1*#(AA1#+nAA1.#05#
+1331#*1A"040.(&3/*1.?#+1.#/0441#2n"+1*#.("'1<o*#/&4#'0..1*(1*?#)n*1*?#
A"(321*?#(3+/0./1*?#)&/1*#&/6=
B# .("5n"+1# 05# +*(5./51c"# (# 20*03.()1*(&+13# /A0"# )*&+,A.1.# 05"161*1/# .<<*!
-*+,%&*$*&!41+#Ao'1'16(/#.("#5&*<03+"1*13#1""1*#3n*41/.1#0,.&*(/1*1+1#
$%&'(#/1*6(-16n*A/.1+=
>1#"&6'1/.14.1#*1..(2<1+1*#(#5&*'(3+1"/1#41+#+151A.1#)*&+,A.1*#5&**(321/#(AA1#
05#+1331#*1A"040.(&3/*1.=
#
#
-<
=$
03
-*
*)
.&
>&
%/