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■ ˊ˹˪ˬˤ˰˶˰˱˛ˢˠ˧˞˱˙˰˱˞˰ˤ˰˺˩˳˶˪˞˩࣐˞˲˱˚˯˱˦˯ˬˡˤˠ˜ˢ˯
˰˲˪˞ˮ˩ˬ˨˹ˠˤ˰ˤ˯ˢˠˠ˲˙˱˞˦˱ˤ˪˞˰˳˞˨˛˨ˢ˦˱ˬ˲ˮˠ˜˞ːˢ˭ˢˮ˜˭˱˶˰ˤ
˭ˬ˲ˡˤ˩˦ˬ˲ˮˠˤ˥ˬ˺˪ˣˤ˩˦˚˯˞˭˹˨˙˥ˬ˯ˢˠ˧˞˱˙˰˱˞˰ˤ˱ˤ˪ˢ˲˥˺˪ˤ
˳˚ˮˢ˦ˬˢˠ˧˞˱˞˰˱˙˱ˤ˯
■ ˊˢ˱˙˱ˤ˪˞˳˞˜ˮˢ˰ˤ˞˭˹˱ˤ˰˲˰˧ˢ˲˞˰˜˞ˢ˨˚ˠ˫˱ˢ˱ˤ˰˲˰˧ˢ˲˛ːˢ
˭ˢˮ˜˭˱˶˰ˤˣˤ˩˦˙˯˧˞˱˙˱ˤ˩ˢ˱˞˳ˬˮ˙˩ˤ˪˱ˤ˪˰˲˪ˡ˚˰ˢ˱ˢ
■ ʿ˭ˬ˩˞˧ˮ˺˪ˢ˱ˢ˱˞˲˨˦˧˙˰˲˰˧ˢ˲˞˰˜˞˯˧˞˦˱˦˯˧ˬ˨˨ˤ˱˦˧˚˯
˩ˢ˩˟ˮ˙˪ˢ˯ ˭ˮ˦˪ ˱ˤ ˥˚˰ˤ ˰ˢ ˨ˢ˦˱ˬ˲ˮˠ˜˞ ˞˭˹ ˱ˬ ˴˻ˮˬ ˩˞ˠˢ˦ˮ˚˩˞˱ˬ˯
˧˞˦˱ˤ˪˭˹ˮ˱˞
■ ˑ˞ˢ˪˱ˬ˦˴˦ˣ˹˩ˢ˪˞˪˱ˬ˲˨˙˭˦˞˭ˮ˚˭ˢ˦˪˞ˢ˜˪˞˦˞˪˥ˢ˧˱˦˧˙˰˱ˤ
˥ˢˮ˩ˬ˧ˮ˞˰˜˞˩˚˴ˮ˦˱ˬ˲˯p$ˬ˦ˡˢˠˢ˦˱ˬ˪˦˧˚˯˭ˮˬ˰˹˵ˢ˦˯˱˶˪
˪˱ˬ˲˨˞˭˦˻˪˩˚˴ˮ˦p$
■ ˊˤ˪˱ˬ˭ˬ˥ˢ˱˛˰ˢ˱ˢ˱ˤ˰˲˰˧ˢ˲˛˭˜˰˶˞˭˹˩˦˞ˡ˦˞˧ˬ˰˩ˤ˱˦˧˛
ˢ˭˚˪ˡ˲˰ˤ˒˭˙ˮ˴ˢ˦˧˜˪ˡ˲˪ˬ˯˲˭ˢˮ˥˚ˮ˩˞˪˰ˤ˯
■ ˎˮ˞ˠ˩˞˱ˬ˭ˬ˦˛˰˱ˢ˱˦˯ˢˮˠ˞˰˜ˢ˯˧ˬ˭˛˯˱˶˪˞˪ˬ˦ˠ˩˙˱˶˪˰˱ˬ
˪˱ˬ˲˨˙˭˦˭ˮ˦˪˱ˤ˪˱ˬ˭ˬ˥˚˱ˤ˰ˤ˱ˤ˯˰˲˰˧ˢ˲˛˯ʿ˭ˬ˩˞˧ˮ˺˪ˢ˱ˢ˱˞
˞˭˹˟˨ˤ˱˞˭ˮ˦ˬ˪˜ˡ˦˞ˠˮ˚ˣ˦˞ˤ˨ˢ˦˱ˬ˲ˮˠ˜˞˱˶˪ˤ˨ˢ˧˱ˮ˦˧˻˪
ˢ˫˞ˮ˱ˤ˩˙˱˶˪˩˭ˬˮˢ˜˪˞ˢ˭ˤˮˢ˞˰˱ˢ˜˞ˮ˪ˤ˱˦˧˙
■ ˁ˦˞˱ˤ˪˞˭ˬ˳˲ˠ˛˱ˮ˞˲˩˞˱˦˰˩˻˪˳ˬˮ˙˱ˢˠ˙˪˱˦˞˭ˮˬ˰˱˞˰˜˞˯
˃˫˞ˮ˱˛˩˞˱˞˱˞ˬ˭ˬ˜˞˧˞˱˙˱ˤˡ˦˙ˮ˧ˢ˦˞˱ˤ˯˰˲˪˞ˮ˩ˬ˨˹ˠˤ˰ˤ˯
ˢ˜˪˞˦˭ˮˬ˰˦˱˙˩˭ˬˮˢ˜˪˞ˢ˜˪˞˦˧ˬ˳˱ˢˮ˙
■ ː˱˦˯˰˲˰˧ˢ˲˚˯˩ˢ˰˱ˮˢ˳˹˩ˢ˪ˤ˧ˬ˪˰˹˨˞ˡ˦˞˧ˬ˭˱˻˪˭ˮˬ˰˚˫˱ˢ˪˞
˩ˤ ˰˲ˠ˧ˮˬ˺ˢ˱˞˦ ˤ ˧ˬ˪˰˹˨˞ ˡ˦˞˧ˬ˭˱˻˪ ˧˞˱˙ ˱ˤ˪ ˭ˢˮ˦˰˱ˮˬ˳˛ ˱ˤ˯ ˩ˢ
˱˞ˠˢ˦˱ˬ˪˦˧˙˪˱ˬ˲˨˙˭˦˞
■ ˑˬ˧ˬ˲˱˜˰˺˪ˡˢ˰ˤ˯˱˶˪˰˲˰˧ˢ˲˻˪˭ˮ˚˭ˢ˦˪˞˟ˮ˜˰˧ˢ˱˞˦˰˱ˤ˪
˭ˢˮ˦ˬ˴˛˱ˤ˯ˠˮ˞˩˩ˬ˰˧˦˞˰˩˚˪ˤ˯ˢ˭˦˳˙˪ˢ˦˞˯ $˛˚˫˶˞˭˹˱ˬ˴˻ˮˬ
˱ˬ˭ˬ˥˚˱ˤ˰ˤ˯
■ ː˱ˢˮˢ˻˰˱ˢ˱˞˩ˤ˰˱ˢˮˢ˶˩˚˪˞˪˱ˬ˲˨˙˭˦˞˩ˢ˩˦˞ˠ˶˪˜˞˱ˬ˲
ˢ˩˭ˬˮ˜ˬ˲ %˰˱ˬ˪˱ˬ˜˴ˬ
■ ˂˦˞˰˱˙˰ˢ˦˯˱˶˪ˢ˦˧˹˪˶˪˰ˢNN
:
˅ ˰˲˰˧ˢ˲˛ ˩˭ˬˮˢ˜ ˪˞ ˭ˢˮ˦˚˴ˢ˦ ˩˹˪˦˩ˬ˲˯ ˩˞ˠ˪˛˱ˢ˯ ˬ˦ ˬ˭ˬ˜ˬ˦ ˩˭ˬˮˬ˺˪
˪˞ˢ˭ˤˮˢ˙˰ˬ˲˪˞ˮ˪ˤ˱˦˧˙˱˞ˤ˨ˢ˧˱ˮˬ˪˦˧˙˰˱ˬ˦˴ˢ˜˞ˢ˩˳˺˱ˢ˲˰ˤ˯˭˴
˟ˤ˩˞˱ˬˡ˹˱ˢ˯˧˞ˮˡ˦˙˯˛˞˪˱˨˜ˢ˯˦˪˰ˬ˲˨˜˪ˤ˯ˁ˦࣐˞˲˱˹˧˞˱˙˱ˤ
˰˲˪˞ˮ˩ˬ˨˹ˠˤ˰ˤ˱ˤˮ˛˰˱ˢ˩˦˞ˢ˨˙˴˦˰˱ˤ˞˭˹˰˱˞˰ˤDN˞˭˹˱˞
ˤ˨ˢ˧˱ˮˬ˪˦˧˙˰˱ˬ˦˴ˢ˜˞ˢ˩˳˺˱ˢ˲˰ˤ˯
ˁ˦˞˱ˬ˪˞ˢˮ˦˰˩˹˱ˤ˯˰˲˰˧ˢ˲˛˯˭ˮ˚˭ˢ˦ˬˢ˪ˡ˦˙˩ˢ˰ˬ˯˭˙˱ˬ˯˪˞˚˴ˢ˦
˚˪˞˙˪ˬ˦ˠ˩˞ˢ˫˞ˢˮ˦˰˩ˬ˺
ː˱ˢˮˢ˻˰˱ˢ˱ˬ˪˭˙ˠ˧ˬˢˮˠ˞˰˜˞˯˭˙˪˶˰˱˞ˢ˪˱ˬ˦˴˦ˣ˹˩ˢ˪˞˪˱ˬ˲˨˙˭˦˞
7LSRGHSODFDGHFR
]LQKDU
D
VDOLHQWH
D
SODQDjVXSHUIt
FLH
E
1MBDB EF DP[JOIBS QPS
JOEV§£P
NN NN NN
1MBDB EF DP[JOIBS QPS
JOEV§£P EF TVQFSGDJF
JOUFHSBM
*OEVLUJPOTLPDIGFME
NN NN NN
1MBDBEFDP[JOIBSB
H¡T
NN NN NN
1MBDBEFDP[JOIBS
FM©USJDB
NN NN NN
D
E

˃˙˪ˤ˰˲˰˧ˢ˲˛˱ˬ˭ˬ˥ˢ˱ˤ˥ˢ˜˧˙˱˶˞˭˹˩˦˞˟˙˰ˤˢ˰˱˦˻˪˭ˮ˚˭ˢ˦˪˞
˱ˤˮˤ˥ˬ˺˪ˬ˦˞˧˹˨ˬ˲˥ˢ˯ˢ˨˙˴˦˰˱ˢ˯ˡ˦˞˰˱˙˰ˢ˦˯ˢ˪ˡˢ˴ˬ˩˚˪˶˯
˰˲˩˭ˢˮ˦˨˞˩˟˞˪ˬ˩˚˪ˤ˯˱ˤ˯˲˭ˬ˧˞˱˞˰˧ˢ˲˛˯
ˉ˹ˠ˶˱ˤ˯˞˭˞ˮ˞˜˱ˤ˱ˤ˯ˢ˨˙˴˦˰˱ˤ˯˞˭˹˰˱˞˰ˤ˯ E˭ˮˬ˧˺˭˱ˢ˦˱ˬ
ˢ˨˙˴˦˰˱ˬ˭˙˴ˬ˯˱ˬ˲˭˙ˠ˧ˬ˲ˢˮˠ˞˰˜˞˯ D
ˎˮˬ˰˚˫˱ˢ˱˦˯ˬˡˤˠ˜ˢ˯˰˲˪˞ˮ˩ˬ˨˹ˠˤ˰ˤ˯˱ˤ˯˟˙˰ˤ˯ˢ˰˱˦˻˪
ˁ˦˞˱ˬ˪˞ˢˮ˦˰˩˹˱ˤ˯˰˲˰˧ˢ˲˛˯˭ˮ˚˭ˢ˦ˬ˦ˢ˪ˡ˦˙˩ˢ˰ˬ˦˭˙˱ˬ˦˪˞˚˴ˬ˲˪
˚˪˞˙˪ˬ˦ˠ˩˞ˢ˫˞ˢˮ˦˰˩ˬ˺
ʻ˱˞˪˱ˬ˵ˤ˨˹˪˱ˬ˲˨˙˭˦˚˴ˢ˦˭ˮ˹˰˥ˢ˱˞˰˱˞˭˜˰˶˱ˬ˦˴˻˩˞˱˞˱˶˪
˫ˢ˴˶ˮ˦˰˱˻˪˰˱ˬ˦˴ˢ˜˶˪˚˪˞ˢ˭˦˭˨˚ˬ˪˭˜˰˶˱ˬ˜˴˶˩˞˭ˮ˚˭ˢ˦˞˲˱˹˪˞
˞˳˞˦ˮˢ˥ˢ˜
ˑˬ˭ˬ˥ˢ˱˛˰˱ˢ˱ˤ˰˲˰˧ˢ˲˛˩˹˪ˬ˱˹˰ˬ˵ˤ˨˙˻˰˱ˢ˪˞˩˭ˬˮˬ˺˪˪˞
˞˭ˬ˩˞˧ˮ˺˪ˬ˪˱˞˦˱˞ˢ˫˞ˮ˱˛˩˞˱˞˴˶ˮ˜˯˭ˮ˹˟˨ˤ˩˞
ˁ˦˞˪˞˩˭ˬˮˢ˜˪˞˞˪ˬ˜˫ˢ˦ˤ˭˹ˮ˱˞˱ˤ˯˰˲˰˧ˢ˲˛˯˧˞˱˙˱ˤ˪
˱ˬ˭ˬ˥˚˱ˤ˰ˤ ˰ˢ ˠ˶˪˜˞ ˨˙˟ˢ˱ˢ ˲˭˹˵ˤ ˱˦˯ ˡ˦˞˰˱˙˰ˢ˦˯ & ˅ ˡ˦˙˰˱˞˰ˤ '
ˢ˫˞ˮ˱˙˱˞˦ ˞˭˹ ˱ˬ ˭˙˴ˬ˯ ˱ˤ˯ ˭ˮ˹˰ˬ˵ˤ˯ ˱ˬ˲ ˪˱ˬ˲˨˞˭˦ˬ˺ ˧˙˱˶ ˞˭˹ ˱ˤ
˨˞˟˛
˅˰˲˰˧ˢ˲˛˞˪˱˞˭ˬ˧ˮ˜˪ˢ˱˞˦˰˱ˤ˪˧˞˱ˤˠˬˮ˜˞˭ˮˬ˰˱˞˰˜˞˯˧˞˦
ˢ˭˦˱ˮ˚˭ˢ˱˞˦˪˞˨ˢ˦˱ˬ˲ˮˠˢ˜˩˹˪ˬ˩ˢ˰˺˪ˡˢ˰ˤ˞ˠ˶ˠˬ˺˭ˮˬ˰˱˞˰˜˞˯
ˠˢ˜˶˰ˤ
˅˞˰˳˙˨ˢ˦˞˭ˮ˚˭ˢ˦˪˞˞˪˱˞˭ˬ˧ˮ˜˪ˢ˱˞˦˰˱˞˰˱ˬ˦˴ˢ˜˞˦˰˴˺ˬ˯˰˱ˤ˪
˭˦˪˞˧˜ˡ˞˱˺˭ˬ˲˧˞˦˰˱˦˯˱ˬ˭˦˧˚˯˭ˮˬˡ˦˞ˠˮ˞˳˚˯
ːˢ˹˨ˢ˯˱˦˯ˢˮˠ˞˰˜ˢ˯˰˲˪˞ˮ˩ˬ˨˹ˠˤ˰ˤ˯˭ˮ˚˭ˢ˦ˤ˰˲˰˧ˢ˲˛˪˞
˟ˮ˜˰˧ˢ˱˞˦ˢ˧˱˹˯˱˙˰ˤ˯
˅˰˲˰˧ˢ˲˛ˢ˭˦˱ˮ˚˭ˢ˱˞˦˪˞˰˲˪ˡˢ˥ˢ˜˩˹˪ˬ˩ˢ˱ˬ˰˲˪ˤ˩˩˚˪ˬ˧˞˨˻ˡ˦ˬ
˰˺˪ˡˢ˰ˤ˯ː˲˪ˡ˚˰˱ˢ˱ˬ˧˞˨˻ˡ˦ˬ˰˺˪ˡˢ˰ˤ˯˰˱ˤ˪˭˜˰˶˭˨ˢ˲ˮ˙˱ˤ˯
˰˲˰˧ˢ˲˛˯˧˨˦˧
ʸ˪˞ ˧˞˨˻ˡ˦ˬ ˰˺˪ˡˢ˰ˤ˯ N ˢ˜˪˞˦ ˡ˦˞˥˚˰˦˩ˬ ˰˱ˤ˪ ˲˭ˤˮˢ˰˜˞ ˱ˢ˴˪˦˧˛˯
ˢ˫˲˭ˤˮ˚˱ˤ˰ˤ˯˭ˢ˨˞˱˻˪
ˑˬ˧˞˨˻ˡ˦ˬ˰˺˪ˡˢ˰ˤ˯ˢ˭˦˱ˮ˚˭ˢ˱˞˦˪˞˞˪˱˦˧˞˱˞˰˱˞˥ˢ˜˩˹˪ˬ˩ˢ˚˪˞
ˠ˪˛˰˦ˬ˧˞˨˻ˡ˦ˬˡ˦˞˥˚˰˦˩ˬ˩˚˰˶˱ˤ˯˲˭ˤˮˢ˰˜˞˯˱ˢ˴˪˦˧˛˯
ˢ˫˲˭ˤˮ˚˱ˤ˰ˤ˯˭ˢ˨˞˱˻˪
˅˭ˮˬ˰˱˞˰˜˞ˢ˭˞˳˛˯˭ˮ˚˭ˢ˦˪˞ˢ˫˞˰˳˞˨˜ˣˢ˱˞˦˩ˢ˱ˤ˪˱ˬ˭ˬ˥˚˱ˤ˰ˤ
˅˰˲˰˧ˢ˲˛ˢ˭˦˱ˮ˚˭ˢ˱˞˦˪˞˰˲˪ˡˢ˥ˢ˜˩˹˪ˬ˰ˢ˩˦˞˭ˮ˜ˣ˞˰ˬ˺˧ˬ˭ˬ˲
ˢ˜˪˞˦ˢˠ˧˞˱ˢ˰˱ˤ˩˚˪ˤ˰˺˩˳˶˪˞˩ˢ˱ˬ˲˯˧˞˪ˬ˪˦˰˩ˬ˺˯
˃˙˪˱ˬ˳˦˯˩ˢ˱˙˱ˤ˪˱ˬ˭ˬ˥˚˱ˤ˰ˤˡˢ˪ˢ˜˪˞˦˭˨˚ˬ˪˭ˮˬ˰˦˱˹˭ˮ˚˭ˢ˦
˞˭˹ ˱ˤ˪ ˭˨ˢ˲ˮ˙ ˱ˤ˯ ˢˠ˧˞˱˙˰˱˞˰ˤ˯ ˪˞ ˲˭˙ˮ˴ˢ˦ ˩˦˞ ˡ˦˙˱˞˫ˤ ˡ˦˞˧ˬ˭˛˯
˹˨˶˪˱˶˪˭˹˨˶˪˩ˢ˩˦˞ˢ˨˙˴˦˰˱ˤ˞˭˹˰˱˞˰ˤˢ˭˞˳˛˯NN
ˊ˹˪ˬ˚˪˞˯˞ˡˢ˦ˬ˺˴ˬ˯ˢˠ˧˞˱˞˰˱˙˱ˤ˯ˢ˭˦˱ˮ˚˭ˢ˱˞˦˪˞˰˲˪ˡ˚˰ˢ˦˱ˤ
˰˲˰˧ˢ˲˛
ː˱ˤ˪ˢˠ˧˞˱˙˰˱˞˰ˤ˭ˮ˚˭ˢ˦˪˞˲˭˙ˮ˴ˢ˦˩˦˞ˡ˦˙˱˞˫ˤˡ˦˞˧ˬ˭˛˯˹˨˶˪
˱˶˪˭˹˨˶˪˩ˢ˚˪˞ˡ˦˙˧ˢ˪ˬˢ˭˞˳˛˯˱ˬ˨˦ˠ˹˱ˢˮˬNN˃˫˞˧ˮ˦˟˻˰˱ˢ
˱ˬ˲˯˞ˠ˶ˠˬ˺˯˱˶˪˳˙˰ˢ˶˪˧˞˦˱ˬ˪ˬ˲ˡ˚˱ˢˮˬ˞ˠ˶ˠ˹˩ˤˡ˚˪˰˱ˬ
˧ˬ˲˱˜˰˺˪ˡˢ˰ˤ˯ːˢ˭ˢˮ˜˭˱˶˰ˤˢ˰˳˞˨˩˚˪ˤ˯˰˺˪ˡˢ˰ˤ˯˩˭ˬˮˢ˜ˤ
˰˲˰˧ˢ˲˛˪˞˲˭ˬ˰˱ˢ˜ˣˤ˩˦˙
ː˲˪ˡ˚˰˱ˢ ˱ˤ ˰˲˰˧ˢ˲˛ ˩˹˪ˬ ˰˺˩˳˶˪˞ ˩ˢ ˱ˬ ˰˴˚ˡ˦ˬ ˰˺˪ˡˢ˰ˤ˯ ˁ˦˞ ˱ˤ˪
˱˙˰ˤ˟˨˚˭ˢ˰˱ˤ˪˭˦˪˞˧˜ˡ˞˱˺˭ˬ˲ː˲˪ˡ˚˰˱ˢ˱ˬ˲˯˧˨˻˪ˬ˲˯˱ˬ˲
˧˞˨˶ˡ˜ˬ˲˰˺˪ˡˢ˰ˤ˯˰˺˩˳˶˪˞˩ˢ˱˞˞˪˱˜˰˱ˬ˦˴˞˴ˮ˻˩˞˱˞
ˎˮ˙˰˦˪ˬ˧˜˱ˮ˦˪ˬ ʿˠ˶ˠ˹˯ ˭ˮˬ˰˱˞˰˜˞˯
< ˩˭˨ˢ ˩ˤˡ˚˪ ˬ˲ˡ˚˱ˢˮˬ˯
˞ˠ˶ˠ˹˯˧˞˳˚˳˙˰ˤˢ˫˶˱ˢˮ˦˧˹˯˞ˠ˶ˠ˹˯
˅˰˲˰˧ˢ˲˛˩˭ˬˮˢ˜˪˞˰˲˪ˡˢ˥ˢ˜ˢ˭˜˰ˤ˯˩ˢ˱ˬ˰˲˪ˤ˩˩˚˪ˬ
ˮˢ˲˩˞˱ˬ˨˛˭˱ˤ˳˦˯˩ˢ˩˦˞˭ˮ˜ˣ˞˰ˬ˺˧ˬʿ˲˱˛ˤ˭ˮ˜ˣ˞˭ˮ˚˭ˢ˦˩ˢ˱˙
˱ˤ˪˱ˬ˭ˬ˥˚˱ˤ˰ˤ˪˞ˢ˜˪˞˦˭ˮˬ˰˦˱˛ʻ˱˞˪˞˲˱˹ˡˢ˰˲˩˟˞˜˪ˢ˦˭ˮ˚˭ˢ˦
˞˭˹ ˱ˤ˪ ˭˨ˢ˲ˮ˙ ˱ˤ˯ ˢˠ˧˞˱˙˰˱˞˰ˤ˯ ˪˞ ˱ˬ˭ˬ˥ˢ˱ˤ˥ˢ˜ ˫˞˪˙ ˩˦˞ ˡ˦˙˱˞˫ˤ
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