%(=3(ý12671Ë32.<1<
'ģ/(ä,7e%(3(ý12671Ë,1)250$&(3ě('3591Ë0328ä,7Ë0 ý7ċ7(9â(&+1<32.<1<
7HQWRVSRWĜHELþSRXåtYHMWHMHQSUR~þHOSRSVDQêYWRPWRQiYRGX'RSRUXþXMHPHYãHFKQ\VHUYLVQt SUiFHVYČĜLWNYDOL¿NRYDQêPRGERUQtNĤP
9é675$+$
%(=3(ý12671Ë32.<1<
3ĜLSRXåtYiQtHOHNWULFNêFKVSRWĜHELþĤMHQXWQRGRGUåRYDW]iNODGQtEH]SHþQRVWQtSUDYLGODYþHWQČQiVOHGXMtFtFK
328ä,7e9é675$ä1e$9$5291e6<0%2/< 267$71Ë328ä,7e6<0%2/<
8SR]RUĖXMHQDQHEH]SHþt WČåNpKR~UD]XQHERVPUWL
9é675$+$
8SR]RUĖXMHQDQHEH]SHþt ~UD]XQHERUL]LNRY]QLNX
832=251ċ1Ë YČFQpãNRG\
7DNWRR]QDþHQpþLQQRVWLMVRX=$.È=$1e 7DNWRR]QDþHQp]DĜt]HQtVH1(60ËUR]HEtUDW
7DNWRR]QDþHQêFKSĜHGPČWĤVH1(60Ë7(GRWêNDW
7DNWRR]QDþHQpSRN\Q\MHQXWQRGRGUåRYDW
8SR]RUĖXMHåHMHQXWQRVSRWĜHELþRGSRMLWRGQDSiMHQt Y\WDåHQtPVtĢRYpYLGOLFH]H]iVXYN\
8SR]RUĖXMHåH]GĤYRGXRFKUDQ\SĜHG~UD]HPHOHN- WULFNêPSURXGHPMHQXWQRVSRWĜHELþX]HPQLW
'RSRUXþXMHVYČĜLWWDNWRR]QDþHQpþLQQRVWLVHUYLVQtPX SUDFRYQtNRYL
█7DWROHGQLþNDPXVtEêWĜiGQČLQVWDORYDQiDXPtVWČQiYVRXODGX VSRN\Q\NLQVWDODFLMHãWČSĜHGSUYQtPXYHGHQtPGRSURYR]X
/HGQLþNXQHLQVWDOXMWHQDYOKNpPtVWRQHERWDPNGHE\ PRKODSĜLMtWGRNRQWDNWXVYRGRX
●3RãNR]HQiL]RODFHHOHNWULFNêFKSUYNĤPĤåH]SĤVRELW~UD] HOHNWULFNêPSURXGHPQHERSRåiU
█1HGRYROWHGČWHPYČãHWVHQDGYHĜHDQLQDOHGQLþNXãSOKDW QHERVWRXSDW0RKRXSRãNRGLWOHGQLþNXDVREČ]SĤVRELWYiåQê ~UD]
●=DĜt]HQtQHQtXUþHQRSURSRXåtYiQtRVREDPLYþHWQČ GČWtVHVQtåHQRXSRK\EOLYRVWtYQtPDYRVWtQHERPHQWiOQt ]SĤVRELORVWtEH]]QDORVWtQHER]NXãHQRVWtSRNXGQHPDMt SĜLGČOHQêGRKOHGQHERMLPQHE\ORSRVN\WQXWRSRXþHQtR VSRWĜHELþLRVRERXRGSRYtGDMtFt]DMHMLFKEH]SHþQRVW
●'ČWLQHO]HSRQHFKDWEH]GRKOHGXDE\E\OR]DMLãWČQRåHVLVH VSRWĜHELþHPQHEXGRXKUiW
●9SĜtSDGČYêSDGNXQDSiMHQtVHREUDĢWHQD]iVWXSFHGRGD- YDWHOHHOHNWĜLQ\VGRWD]HPMDNGORXKREXGHWUYDW
3RNXGOHGQLþNDQHEXGHSRXåtYiQDSRGHOãtþDVQDSĜtNODG SRGREXGRYROHQpOHGQLþNXY\SUi]GQČWHDRGSRMWHRG QDSiMHFtVtWČ
●9ČWãLQDYêSDGNĤQDSiMHQtRSUDYHQêFKGRMHGQpQHERGYRX KRGLQQHRYOLYQtWHSORWXYOHGQLþFH2YãHPMHWĜHEDEČKHP YêSDGNXQDSiMHQtRPH]LWSRþHWRWHYtUiQtGYHĜt3RNXG YêSDGHNQDSiMHQtWUYiGpOHQHåKRGLQY\MPČWHYãHFKQ\ ]PUD]HQpSRWUDYLQ\
█/HGQLþNXLQVWDOXMWHQDURYQpSORãHVGRVWDWNHPSURVWRUX
3RNXGOHGQLþNDQHQtXVWDYHQDGRYRGRURYQpSRORK\PĤåH V\VWpPYQLWĜQtKRFKOD]HQtSUDFRYDWFK\EQČ
/HGQLþNXVDPLQHUR]HEtUHMWHDQLQHRSUDYXMWH+UR]t QHEH]SHþtSRåiUXFK\EQpIXQNFHQHER~UD]X
6SRWĜHELþMHQXWQRXPtVWLWWDNDE\YLGOLFHQDSiMHFtKR NDEHOX]ĤVWDODWUYDOHSĜtVWXSQi
/HGQLþNXFKUDĖWHSĜHGSĜtPêPVOXQHþQtPVYČWOHP DSĜHGWHSOHP]HVSRUiNĤNDPHQDSRGREQêFK VSRWĜHELþĤ
3RNXGXFtWtWHQHREY\NOê]iSDFKQHERNRXĜLKQHG RGSRMWHVSRWĜHELþRGQDSiMHQtDREUDĢWHVHQDVHUYLVQt
VWĜHGLVNR6DPVXQJ(OHFWURQLFV
6SRWĜHELþVHV\PEROHPREVDKXMHPDOpPQRåVWYt FKODGLFtKRPpGLDQDEi]LL]REXWDQX5D
SĜtURGQtKRSO\QXNWHUêPiY\VRNRXHNRORJLFNRX NRPSDWLELOLWXD]iSDOQRVW3ĜLWUDQVSRUWXDLQVWDODFL VSRWĜHELþHMHQXWQRGEiWRSDWUQRVWLDE\QHGRãORN SRãNR]HQtåiGQpþiVWLFKODGtFtKRRNUXKX&KODGLFt PpGLXPXQLNDMtFt]WUXEHNPĤåHEêW]DåHKQXWRQHER PĤåHSRãNRGLWRþL3RNXGMH]MLãWČQ~QLN]DEUDĖWH SĜtVWXSXVRWHYĜHQêPRKQČPQHERVH]GURML]iåHKXD PtVWQRVWNGHMHOHGQLþNDXPtVWČQDSRQČNROLNPLQXW
YČWUHMWH
●=GĤYRGX]DPH]HQtWYRUE\VPČVLKRĜODYêFKSO\QĤVH Y]GXFKHPYFKODGLFtPRNUXKX]iYLVtREMHPPtVWQRVWL YHNWHUpMHOHGQLþNDXPtVWČQDQDPQRåVWYtSRXåLWpKR FKODGLFtKRPpGLD 2EMHPPtVWQRVWLPXVtEêWPQDNDåGêFKJPpGLD
5DYHVSRWĜHELþL0QRåVWYtFKODGLFtKRPpGLDYHYDãHP VSRWĜHELþLMHXGiQRQDYêUREQtPãWtWNXXYQLWĜVSRWĜHELþH
●6SRWĜHELþQLNG\QH]DStQHMWHSRNXGMHYtMDNpNROLY]QiPN\ SRãNR]HQt9SĜtSDGČSRFK\EQRVWtVHREUDĢWHQDSURGHMFH
3