KAWA MINI 7 PRO Dash Camera Mini User Manual

薉俒&OHMJTI

勞餘Hㆌ磋鄳雧倰䒭ꛐ鄳㽯㼄NN

㼓꬗ 㼓䏀

,"8""650

#VUUPO'VODUJPOT

T

5VSOPUIFEBTIDBN

5XJDF

5JNFT

0ODF

5VSOPOPBVEJPSFDPSEJOH

'PSNBUUIF5'DBSE

3FTFUUPGBDUPSZTFUUJOHT

5VSOPOP8J'J

T

3FTUBSUUIFEBTIDBN

0WFST

5JNFT

5VSOPOUIFEBTIDBN

0QFSBUJPO

'VODUJPO

'VODUJPO#VUUPO

1SFTT$MJDL

UIFCVUUPO



"11*OTUBMMBUJPO

%PXOMPBE"11,"8""650CZ

TDBOOJOHUIF23DPEF

0QFOUIF"11,"8""650DMJDL

POUIFJOUIFVQQFSSJHIUDPSOFS

TFMFDU,"8"%BTI$BN.*/*1SP

BOEGPMMPXUIFJOTUSVDUJPOTJOUIF"11UPPQFSBUF

$POOFDUZPVSQIPOFUPUIFEBTIDBNTIPUTQPU

1SPEVDU0WFSWJFX

1BDLBHF-JTUT *OEJDBUPS-JHIU

4DSFFO*OTUSVDUJPOT

%BTI$BN*OTUBMMBUJPO























-&%

.*$

'VODUJPO#VUUPO

)PMEFS

$PPMJOH)PMF

1PXFS1PSU

5'DBSETMPU

$BNFSB

4QFBLFS

)FBUSFTJTUBOU"EIFTJWF1BQFS

















  

'$$3'&YQPTVSF8BSOJOH4UBUFNFOUT

$FSUJDBUJPO

'"2T

'$$*%";8;.*/*

*$.*/*

-.&/54%&.#"--"(&

41"3&3&5%104&3

%"/4-&#"$%&53*

55 mm

,"8"%BTI$BN.*/*1SP

64&3."/6"-

4DBOUPEPXOMPBE

,"8""650"11

,"8""650

%BTI$BN 5ZQF$$BCMF6TFS.BOVBM

$BS$IBSHFS

&MFDUSPTUBUJD

4UJDLFS

*OTFSU5'DBSE 3FNPWFUIFFMFDUSPTUBUJD

TUJDLFSBOEQMBDFJUJOUIF

BQQSPQSJBUFQPTJUJPO

1FFMPUIFBEIFTJWF

POUIFEBTIDBNIPMEFS

4UJDLUIFEBTIDBNPO

UPFMFDUSPTUBUJDTUJDLFS

5IFQPXFSDPSEDBOCF

SPVUFEBDDPSEJOHUPUIF

JOTUSVDUJPOTJOUIFJNBHF

5IFDPWFSQMBUFGFBUVSFT

BEFUBDIBCMFEFTJHO

˙)PUTQPU/BNF,"8"@.*/*1SP@9999



˙%FGBVMU1BTTXPSE

/PUF5IFSTUSFDPSEJOHSFRVJSFTBQQDPOOFDUJPO

0ODFSFDPSEJOHTUBSUTUIFBQQDBOCFEJTDPOOFDUFE

*G71/JTFOBCMFEQMFBTFEJTBCMFJUCFGPSFDPOOFDUJOH

UPUIFEBTIDBN*GZPVGPSHFUUIFQBTTXPSEQSFTTUIF

SFTFUCVUUPOUJNFTUPSFTUPSFUIFEFGBVMUQBTTXPSEGPS

DPOOFDUJPO

5'$BSE6TBHF(VJEF

4QFDJDBUJPOT

˙4VQQPSUT(#ˊ(#DBQBDJUZXJUI$MBTTPS

IJHIFSTQFFESBUJOH

˙6TFIJHITQFFE5'DBSETGSPNSFQVUBCMFCSBOET-PX

RVBMJUZ5'DBSETNBZDBVTFBCOPSNBMWJEFPSFDPSEJOH

PS5'DBSEGBJMVSF

˙'PSNBUUIFDBSEWJBUIFEBTIDBNBGUFSJOJUJBMJOTFSUJPO

˙#BDLVQJNQPSUBOUEBUBCFGPSFIBOEGPSNBUUJOH

EFMFUFTBMMDPOUFOU

˙'PSNBUNPOUIMZUPNBJOUBJOSFBEXSJUFQFSGPSNBODF

˙"WPJEJOTFSUJOHPSSFNPWJOHUIFDBSEXIJMFUIFEBTI

DBNJTQPXFSFEPO

˙3FQMBDFUIFDBSEJNNFEJBUFMZJGJUFYQFSJFODFTSFBEXSJUF

FSSPSTPSBCOPSNBMDBQBDJUZEVFUPSFQFBUFEPWFSXSJUJOH

3PVUJOF.BJOUFOBODF

*OJUJBM4FUVQ

*NQPSUBOU'VODUJPO%FTDSJQUJPO

-PPQSFDPSEJOH5IFPMEFTUWJEFPXJMMCFPWFSXSJUUFO

XIFOUIF5'DBSEJTGVMMTPUIBUDBOLFFQSFDPSEJOH

PWFSBOEPWFS5IFMPPQSFDPSEJOHEVSBUJPODBOCF

BEKVTUFEJOUIFBQQNJO

(TFOTPS8IFOUIFWFIJDMFFYQFSJFODFTBDPMMJTJPO

BOEWJCSBUFTUIFEBTIDBNXJMMBVUPNBUJDBMMZTUBSU

FNFSHFODZWJEFPSFDPSEJOHBOEMPDLUIFWJEFP

1BSLJOHNPEFBEEJUJPOBMIBSEXJSFLJUSFRVJSFE

8IFOUIFEBTIDBNJTDPOOFDUFEUPUIFIBSEXJSFLJU

5'DBSEJODPNQBUJCMF3FNJOEUPGPSNBU

5'DBSEOFFETUPCFBEBQUFEUPUIFEBTIDBNQMFBTF

GPMMPXUIFWPJDFQSPNQUT3FQMBDFUIF5'DBSEJG

OFDFTTBSZ

8*'*TIPXTVOBWBJMBCMFPO1IPOF/P*OUFSOFU

$POOFDUJPO

*HOPSFJUBOESFDPOOFDUUIFEBTIDBNWJBUIFBQQ

$BOOPUOEUIFSFDPSEFEWJEFP

&OUFSUIFBQQHPUP-JWF1SFWJFX"MCVNBOE

WJFXBMMWJEFPT

%BTIDBNOPUSFDPSEJOH

3FTFUUIFEBTIDBNPSSFQMBDFUIF5'DBSE

&NFSHFODZSFDPSEJOHGSFRVFOUMZ

"EKVTUUIFTFOTJUJWJUZBDDPSEJOHUPZPVSOFFETPSUVSO

JUP

'PSHPUUIFNPEJFEIPUTQPUQBTTXPSE

1SFTTUIFQPXFSCVUUPOUJNFTUPSFTFUBOEUIF

EFGBVMUQBTTXPSEXJMMCFSFTUPSFEUP

"11DSBTIFTPSMBHT

"WPJEVTJOHUIFEBTIDBNT8J'JJOFOWJSPONFOUT

XJUINVMUJQMFEFWJDFTPSTJHOBMJOUFSGFSFODF

6OBCMFUPDPOOFDUUPUIFEBTIDBN

$IFDLQIPOFQFSNJTTJPOTGPS,"8""650BQQ*G

OFFEFESFTUBSUBQQSFTFUEFWJDFBOESFUSZDPOOFDUJPO

%BTIDBNOPUXPSLJOH

1PXFSUIFEFWJDFXJUI7"$IFDLJGUIFDBSDIBSHFS

BOEUIFEFWJDFTQPXFSJOUFSGBDFXPSLQSPQFSMZ

JUFOBCMFTIPVSQBSLJOHTVSWFJMMBODF*OUIJTNPEF

UIFEBTIDBNXJMMBVUPNBUJDBMMZTUBSUSFDPSEJOHBOE

MPDLUIFWJEFPXIFOBDPMMJTJPOJTEFUFDUFE

5JNFMBQTFBEEJUJPOBMIBSEXJSFLJUSFRVJSFE

"GUFSDPSSFDUMZDPOOFDUJOHUIFIBSEXJSFLJUFOBCMF

UIJTGFBUVSFWJBUIFBQQUPBDIJFWFIPVS

DPOUJOVPVTNPOJUPSJOH5IFNJOVUFWJEFPXJMMCF

DPNQSFTTFEUPNJOVUFGPSTBWJOHTQBDF

$PNNBOET

5BLFQIPUP

-PDLUIFWJEFP

5VSOPOBVEJP

5VSOPBVEJP

5VSOPO8J'JIPUTQPU

5VSOP8J'JIPUTQPU

7PJDFDPOUSPM%VSJOHUIFPQFSBUJPOPGUIFEBTIDBN

TJNQMZTQFBLJOHUIFWPJDFDPNNBOEDBOUSJHHFSUIF

DPSSFTQPOEJOHGVODUJPO

4UFBMUI%JTQMBZ%JTQMBZTDPSSFTQPOEJOHJDPOT

CBTFEPOUIFEFWJDFTTUBUVTFHSFDPSEJOHQBSLJOH

NPOJUPSJOHDPOOFDUJWJUZUPFOBCMFVTFSTUPRVJDLMZ

HSBTQUIFDVSSFOUPQFSBUJOHTUBUF

˙7PJDFDPNNBOETTVQQPSU&OHMJTI+BQBOFTF'SFODI

3VTTJBO5IBJBOE7JFUOBNFTF'PSPUIFSMBOHVBHFT

QMFBTFVTF&OHMJTIDPNNBOET

˙5PFOTVSFPQUJNBMVTFSFYQFSJFODFWJEFPDMJQTBSF

MJNJUFEUPNJOVUFTXIFOSFDPSEJOHXJUIB(#

NFNPSZDBSE

1SPEVDU

.PEFM

8JEF"OHMF

4QFDJBM'VODUJPO

8PSLJOH5FNQFSBUVSF

4UPSBHF5FNQFSBUVSF

1PXFS4VQQMZ

5'DBSEDBQBDJUZ

3FTPMVUJPO

%"4)$".&3"

.*/*1SP

o

7PJDF$POUSPM

4UFBMUI%JTQMBZ

o$o$o'o'

o$o$o'o'

(#(#

7"

1PXFS*OUFSGBDF 5ZQF$

v,'14

v,'14

v1



'14)%3

#BTJD1BSBNFUFST

*$4UBUFNFOU

/05&5IJTFRVJQNFOUIBTCFFOUFTUFEBOEGPVOEUP

DPNQMZXJUIUIFMJNJUTGPSB$MBTT#EJHJUBMEFWJDF

QVSTVBOUUPQBSUPGUIF'$$3VMFT5IFTFMJNJUTBSF

EFTJHOFEUPQSPWJEFSFBTPOBCMFQSPUFDUJPOBHBJOTU

IBSNGVMJOUFSGFSFODFJOBSFTJEFOUJBMJOTUBMMBUJPO5IJT

FRVJQNFOUHFOFSBUFTVTFTBOEDBOSBEJBUFSBEJP

GSFRVFODZFOFSHZBOEJGOPUJOTUBMMFEBOEVTFEJO

BDDPSEBODFXJUIUIFJOTUSVDUJPOTNBZDBVTFIBSNGVM

JOUFSGFSFODFUPSBEJPDPNNVOJDBUJPOT)PXFWFS

UIFSFJTOPHVBSBOUFFUIBUJOUFSGFSFODFXJMMOPUPDDVS

JOBQBSUJDVMBSJOTUBMMBUJPO*GUIJTFRVJQNFOUEPFT

DBVTFIBSNGVMJOUFSGFSFODFUPSBEJPPSUFMFWJTJPO

SFDFQUJPOXIJDIDBOCFEFUFSNJOFECZUVSOJOHUIF

FRVJQNFOUPBOEPOUIFVTFSJTFODPVSBHFEUPUSZ

UPDPSSFDUUIFJOUFSGFSFODFCZPOFPSNPSFPGUIF

GPMMPXJOHNFBTVSFT

ˋ3FPSJFOUPSSFMPDBUFUIFSFDFJWJOHBOUFOOB

ˋ*ODSFBTFUIFTFQBSBUJPOCFUXFFOUIFFRVJQNFOU

BOESFDFJWFS

ˋ$POOFDUUIFFRVJQNFOUJOUPBOPVUMFUPOBDJSDVJU

EJFSFOUGSPNUIBUUPXIJDIUIFSFDFJWFSJT

DPOOFDUFE

ˋ$POTVMUUIFEFBMFSPSBOFYQFSJFODFESBEJP57

UFDIOJDJBOGPSIFMQ

$IBOHFTPSNPEJDBUJPOTOPUFYQSFTTMZBQQSPWFECZ

UIFQBSUZSFTQPOTJCMFGPSDPNQMJBODFDPVMEWPJEUIF

VTFSTBVUIPSJUZUPPQFSBUFUIFFRVJQNFOU

5IJTEFWJDFDPNQMJFTXJUIQBSUPGUIF'$$3VMFT

0QFSBUJPOJTTVCKFDUUPUIFGPMMPXJOHUXPDPOEJUJPOT

UIJTEFWJDFNBZOPUDBVTFIBSNGVMJOUFSGFSFODF

BOEUIJTEFWJDFNVTUBDDFQUBOZJOUFSGFSFODF

SFDFJWFEJODMVEJOHJOUFSGFSFODFUIBUNBZDBVTF

'$$3BEJBUJPO&YQPTVSF4UBUFNFOU

VOEFTJSFEPQFSBUJPO

5IJTFRVJQNFOUDPNQMJFTXJUI'$$SBEJBUJPOFYQPTVSF

MJNJUTTFUGPSUIGPSBOVODPOUSPMMFEFOWJSPONFOU5IJT

FRVJQNFOUTIPVMECFJOTUBMMFEBOEPQFSBUFEXJUI

NJOJNVNEJTUBODFDNCFUXFFOUIFSBEJBUPS

ZPVSCPEZ

5IJTEFWJDFDPOUBJOTMJDFODFFYFNQUUSBOTNJUUFST

SFDFJWFSTUIBUDPNQMZXJUI*OOPWBUJPO4DJFODFBOE

&DPOPNJD%FWFMPQNFOU$BOBEBTMJDFODFFYFNQ

344T0QFSBUJPOJTTVCKFDUUPUIFGPMMPXJOHUXP

DPOEJUJPOT

5IJTEFWJDFNBZOPUDBVTFJOUFSGFSFODF

5IJTEFWJDFNVTUBDDFQUBOZJOUFSGFSFODFJODMVEJOH

JOUFSGFSFODFUIBUNBZDBVTFVOEFTJSFEPQFSBUJPOPG

UIFEFWJDF

-¨NFUUFVSS¨DFQUFVSFYFNQUEFMJDFODFDPOUFOV

EBOTMFQS¨TFOUBQQBSFJMFTUDPOGPSNFBVY$/3E

*OOPWBUJPO4DJFODFTFU%¨WFMPQQFNFOU¨DPOPNJRVF

$BOBEBBQQMJDBCMFTBVYBQQBSFJMTSBEJPFYFNQUTEF

MJDFODF-FYQMPJUBUJPOFTUBVUPSJT¨FBVYEFVY

DPOEJUJPOTTVJWBOUFT

-BQQBSFJMOFEPJUQBTQSPEVJSFEFCSPVJMMBHF

-BQQBSFJMEPJUBDDFQUFSUPVUCSPVJMMBHF

SBEJP¨MFDUSJRVFTVCJN©NFTJMFCSPVJMMBHFFTU

TVTDFQUJCMFEFODPNQSPNFUUSFMFGPODUJPOOFNFOU

5IJTFRVJQNFOUDPNQMJFTXJUI*$FYQPTVSFMJNJUTTFU

GPSUIGPSBOVODPOUSPMMFEFOWJSPONFOU5IJT

FRVJQNFOUTIBMMCFJOTUBMMFEBOEPQFSBUFEXJUI

NJOJNVNEJTUBODFDNCFUXFFOUIFSBEJBUPSCPEZ

$FU¨RVJQFNFOUFTUDPOGPSNFBVYMJNJUFTEFYQPTJUJPO

*$E¨OJFTQPVSVOFOWJSPOOFNFOUOPODPOUS²M¨$FU

¨RVJQFNFOUEPJU©USFJOTUBMM¨FUVUJMJT¨BWFDVOF

EJTUBODFNJOJNBMFEFDNFOUSFMFSBEJBUFVSFUMB

DBSSPTTFSJF

3BEJP'SFRVFODZ&YQPTVSF4UBUFNFOUGPS*$

5IFNBOVGBDUVSFSIFSFCZEFDMBSFTUIBU

UIJTFRVJQNFOUJTJODPNQMJBODFXJUIUIF

BQQMJDBCMF%JSFDUJWFTBOE&VSPQFBO

/PSNTBOEBNFOENFOUT

5IJTNBSLJOHJOEJDBUFTUIBUUIJTQSPEVDU

TIPVMEOPUCFEJTQPTFEXJUIPUIFSIPVTFIPME

XBTUFTUISPVHIUPVUUIF&6:PVTIPVME

QSPUFDUIVNBOIFBMUIBOEUIFFOWJSPONFOUCZ

IBOEJOHPWFSZPVSXBTUFFRVJQNFOUUPBEFTJHOBUFE

DPMMFDUJPOQPJOUGPSUIFSFDZDMJOHPGXBTUFFMFDUSJDBM

BOEFMFDUSPOJDFRVJQNFOUBQQPJOUFECZUIF

HPWFSONFOUPSMPDBMBVUIPSJUJFT$PSSFDUEJTQPTBMBOE

SFDZDMJOHXJMMIFMQQSFWFOUQPUFOUJBMOFHBUJWF

DPOTFRVFODFTUPUIFFOWJSPONFOUBOEIVNBOIFBMUI

1MFBTFDPOUBDUUIFJOTUBMMFSPSMPDBMBVUIPSJUJFTGPS

NPSFJOGPSNBUJPOBCPVUUIFMPDBUJPOBTXFMMBTUFSNT

BOEDPOEJUJPOTPGTVDIDPMMFDUJPOQPJOUT

5IJTQSPEVDUJTEFTJHOFEBOENBOVGBDUVSFE

XJUIIJHIRVBMJUZNBUFSJBMTBOEDPNQPOFOUT

XIJDIDBOCFSFDZDMFEBOESFVTFE

&NBJMTVQQPSU!LBXBJODPN

8FCTJUFXXXLBXBJODPN

.BOVGBDUVSFS,"8"&-&$530/*$4$0.1"/:

-*.*5&%

"EESFTT'-"5"'$)&6/(-&&*/%#-%(

$)&6/(-&&45$)"*8"/)0/(,0/(

雩霆

$BNFSBJTQBVTFE

$BNFSBJTSFDPSEJOH

5'DBSEFSSPS

'VODUJPO

4UBUVT

(SFFO4MPX'MBTI

(SFFO'BTU'MBTI

5IFTDSFFOUVSOTPBVUPNBUJDBMMZBGUFSTFDPOETPG

JOBDUJWJUZ

5IFJDPOUVSOTCMVFXIFOUIFBQQBDDFTTFTUIF

EBTIDBN

(SFFO4UFBEZ

$+1劼㐼霹僈⛼薉傈䗞䠑岁銯

9

霃雦傈劍

暟俱綘〿9999

暟俱綘〿



餓⟣霃雦䋗⴬㼭謵

」刿㾶⾎

㽯㼄NN

勞餘䊨蒌Hㆌ磋鄳雧倰䒭ꛐ鄳

랱蒀



ꅾ銳ז险デ

劥醢ㅷחכծ➰㾩ך秫姻ؕ٦⯎ꨵ㐼ծ64#؛٦ـٕծת

׋כع٦سٙ؎َ٦ؗحزع٦سٙ؎َ٦ؗحزכⴽ

㡰׾׀⢪欽ֻ׌ְׁկ

秫姻ㅷ⟄㢪ך،ؙإ؟ٔ٦׾⢪欽ׅ׷㜥ざכծⴀ⸂ꨵ㖇

ָ7׾馄ִזְ״ֲח׃גֻ׌ְׁկꨵ㖇ָ넞ֺׅ׷הծ

堤㐼ָ佦ꥻׅ׷䛋׸ָ֮׶תׅկ



REC

.*$SFDPSEJOHJTPO

5'DBSEJTVOBWBJMBCMF

8IFO5'DBSEOFFETGPSNBUUJOHUIFJDPOJTSFE

"OEJUMMUVSOTXIJUFEVSJOHGPSNBUUJOH

5'DBSEJTMFTTUIBO(#

5'DBSEJTOPSNBM

3FDPSEJOHOPSNBMWJEFPT

"VUPQPXFSPFOBCMFE

5JNFMBQTFSFDPSEJOHJTFOBCMFE

1BSLJOHNPOJUPSJTFOBCMFE5IFJDPOJTCMVF

1BSLJOHNPOJUPS5JNFMBQTFSFDPSEJOHBSF

CPUIFOBCMFE

3FDPSEJOHBOFNFSHFODZWJEFPXJUIBSFE

CBDLHSPVOEGPS3&$

3FDPSEJOHTUPQQFE

.*$SFDPSEJOHJTP

8J'JJTP

΍8J'J*DPO

Ύ.*$3FDPSEJOH*DPO

Ώ5'$BSE*DPO

(14"DRVJSFE

/P(144JHOBM8IFOUIFJDPOJTHSBZ

ΐ4BUFMMJUF4UBUVT*DPO

Α3FDPSEJOH4UBUVT*DPO

Β1BSLJOH4FUUJOHT*DPO

5'DBSEJTMPXFSUIBO$MBTT

C10

5'ؕ٦سכ$MBTT劢弬דׅկ

C10

%JF5',BSUFJTUOJFESJHFSBMT$MBTT

C10

-BTDIFEB5'§JOGFSJPSFBMMB$MBTT

C10

-BDBSUF5'FTUJOG¨SJFVSFMB$MBTT

C10

-BUBSKFUB5'FTJOGFSJPSBMB$MBTT

C10

REC

傈

,"8""650

نةٝך堤腊

猲

سٓ؎ـٖ؝٦ت٦׾ؔؿחׅ׷

㔐

㔐

㔐

갉㡮ꐯ갉׾ؔٝؔؿחׅ׷

5'ؕ٦س׾ؿؓ٦وحزׅ׷

䊨㜥ⴀ蚚儗鏤㹁חٔإحزׅ׷

8J'J׾ؔٝؔؿחׅ׷

猲

تحءُؕي׾ⱄ饰⹛ׅ׷

猲⟄♳

㔐

سٓ؎ـٖ؝٦ت٦׾ؔٝחׅ׷

乼⡲

堤腊

堤腊نةٝ

نةٝ׾

ջ䬃ׅؙٔحؙռ



"11ךⰆ䩛

23؝٦س׾أٍؗٝ׃גծ"11

չ,"8""650պ׾تؐٝٗ٦س׃תׅկ

չ,"8""650պ"11׾Ꟛֹծ〸♳ꥎ

ךչպ׾ؙٔحؙ׃גծչ,"8"

%BTI$BN.*/*1SPպ׾鼆䫛׃ծ

"11ך䭷爙ח䖞׏ג乼⡲׃תׅկ



أو٦زؿؓٝ׾سٓ؎ـٖ؝٦ت٦ך8J'Jח䱹竳׃

גֻ׌ְׁկ

醢ㅷ㢪錂

ػحؚؗٝٔأز

-&%

歘꬗ך铢僈

تحءُؕيך؎ٝأز٦ٕ























-&%

و؎ؙ

堤腊نةٝ

مٕت٦

ⲇ⽲㶰

ꨵ彂ه٦ز

5'ؕ٦سأٗحز

ًؕٓ

أؾ٦ؕ٦

罣攧䱹满秶

 











״ֻ֮׷颶㉏'"2

تحءُؕي 5ZQF$؛٦ـٕ》䪕铢僈剅

鮦欽⯎ꨵ㐼

،تفة٦

꫽ꨵ孡꣈姺

ؿ؍ٕي

5'ؕ٦س׾䯏Ⰶׅ׷ ꫽ꨵأذحؕ٦׾》׶㢪

׃ծ黟ⴗז⡙縨ח顦׶➰ֽ

גֻ׌ְׁկ

سٓ؎ـٖ؝٦ت٦ך

磨满ذ٦ف׾⶟ָ׃תׅկ

تحءُؕي׾꫽ꨵ孡أ

ذحؕ٦ח顦׶➰ֽ׷կ

ꨵ彂؝٦سכծ歘⫸ך

䭷爙ח䖞׏גꦀֿׅהָ

דֹתׅկ

ؕغ٦فٖ٦زכ》׶

㢪׃〳腊זرؠ؎ٝחז

׏גְתׅկ

˙محزأهحزぜ,"8"@.*/*1SP@9999



˙رؿٕؓزػأٙ٦س

岤䠑剒ⴲךꐯ갉חכ،فٔך䱹竳ָ䗳銳דׅկꐯ갉

ָꟚ㨤ׁ׸׷הծ،فٔ׾ⴗ倗דֹתׅկ71/ָ剣⸭

חז׏גְ׷㜥ざծ䱹竳⵸ח搁⸭ח׃גֻ׌ְׁկػ

أٙ٦س׾䘍׸׋㜥ざכծٔإحزنةٝ׾㔐䬃ׅהծ

رؿٕؓزך䱹竳ػأٙ٦سָ䗁⯋ׁ׸תׅկ

5'ؕ٦س⢪欽ؖ؎س

➬圬

˙(#։(#ך㺂ꆀח㼏䘕׃ծؙٓأ⟄♳ך鸟䏞鋊

呔ךؕ٦س׾⢪欽׃גֻ׌ְׁկ

˙⥌걾דֹ׷ـٓٝسך넞鸟5'ؕ٦س׾⢪欽׃גֻ׌ׁ

ְկ⡛ㅷ颶ך5'ؕ٦سכծ殯䌢זꐯ歘װ5'ؕ٦سך佦

ꥻ׾䒸ֹ饰ֿׅ〳腊䚍ָ֮׶תׅկ

˙ⴲ׭ג䯏Ⰶ׃׋䖔ծسٓ؎ـٖ؝٦ت٦׾⢪欽׃גؕ

٦س׾ؿؓ٦وحز׃גֻ׌ְׁկ

˙ꅾ銳זر٦ةכ✲⵸חغحؙ،حف׃גֻ׌ְׁؿؓ

٦وحزׅ׷הׅץגךر٦ةָ嶊⿡ׁ׸תׅկ

˙铤׫剅ֹ䚍腊׾笞䭯ׅ׷׋׭חծ嫤剢ؿؓ٦وحز׃ג

ֻ׌ְׁկ

˙سٓ؎ـٖ؝٦ت٦ךꨵ彂ָؔٝך朐䡿דؕ٦س׾䯏Ⰶ

ת׋כ》׶㢪ׁזְדֻ׌ְׁկ

˙粹׶鵥׃♳剅ֹח״׷铤׫剅ֹؒٓ٦װ殯䌢ז㺂ꆀָ涪

欰׃׋㜥ざכծּׅחؕ٦س׾❜䳕׃גֻ׌ְׁկ

㹁劍涸זًٝذشٝأ

ⴲ劍鏤㹁

ꅾ銳ז堤腊ך铢僈

ٕ٦فꐯ歘5'ؕ٦سָ弬匉חז׷הծ剒׮〢ְ⹛歘

ָ♳剅ֹׁ׸ծ粹׶鵥׃ꐯ歘׾竳ֽ׷ֿהָדֹתׅկ

ٕ٦فꐯ歘ך儗꟦כ،فٔד锄侮〳腊ⴔկ

(إٝ؟٦鮦⚖ָ遼瑲װ䮷⹛׾嗛濼ׅ׷הծسٓ؎

ـٖ؝٦ت٦כ荈⹛涸ח筝䚉ꐯ歘׾Ꟛ㨤׃ծ⹛歘׾ٗ

حؙ׃תׅկ

꽏鮦ٌ٦سⴽ鸀ع٦سٙ؎َ٦ؗحزָ䗳銳سٓ

؎ـٖ؝٦ت٦ָع٦سٙ؎َ٦ؗحزח䱹竳ׁ׸ג

ְ׷הծ儗꟦꽏鮦湋鋕ָ〳腊חז׶תׅկֿךٌ٦

سדכծ遼瑲׾嗛濼ׅ׷הծسٓ؎ـٖ؝٦ت٦כ荈

⹛涸חꐯ歘׾Ꟛ㨤׃ծ⹛歘׾ٗحؙ׃תׅկ

5'ؕ٦سָ✽䳕䚍ָזְؿؓ٦وحزךٔو؎ٝت٦

5'ؕ٦سכتحءُؕيח黟䘕ׅ׷䗳銳ָ֮׶תׅկ

갉㡮ך䭷爙ח䖞׏גֻ׌ְׁկ䗳銳ח䘕ׄג5'ؕ٦س

׾❜䳕׃גֻ׌ְׁկ

8J'Jָأو٦زؿؓٝדչ⢪欽♶〳պה邍爙ׁ׸׷

؎ٝة٦طحز䱹竳ז׃

搁鋕׃גծ،فٔדسٓ؎ـٖ؝٦ت٦׾ⱄ䱹竳׃ג

ֻ׌ְׁկ

ꐯ歘ׁ׸׋ؽرָؔ鋅אַ׵זְ

،فٔ׾Ꟛֹծչٓ؎ـفٖؽُ٦،ٕغيպח獴

⹛׃גծׅץגךؽرؔ׾焷钡׃גֻ׌ְׁկ

سٓ؎ـٖ؝٦ت٦ָꐯ歘׃זְ

سٓ؎ـٖ؝٦ت٦׾ٔإحزׅ׷ַծ5'ؕ٦س׾❜

䳕׃גֻ׌ְׁկ

筝䚉ꐯ歘ָ걽籖ח⡲⹛ׅ׷

䗳銳ח䘕ׄג䠭䏞׾锄侮ׅ׷ַծֿך堤腊׾ؔؿח׃

גֻ׌ְׁկ

㢍刿׃׋محزأهحزךػأٙ٦س׾䘍׸׋

ꨵ彂نةٝ׾㔐䬃׃גٔإحز׃ծرؿٕؓزךػأ

ٙ٦سչպָ䗁⯋ׁ׸תׅկ

،فָؙٔٓحءُת׋כ鹽䒁ׅ׷

醲侨ךرغ؎أװ⥌〿䎁幨ך֮׷橇㞯דتحءُؕي

ך8J'J׾⢪欽׃זְ״ֲח׃גֻ׌ְׁկ

سٓ؎ـٖ؝٦ت٦ח䱹竳דֹזְ

,"8""650،فٔךأو٦زؿؓٝך埅ꣳ׾焷钡׃ג

ֻ׌ְׁկ䗳銳ח䘕ׄגծ،فٔ׾ⱄ饰⹛׃ծرغ؎

أ׾ٔإحز׃גⱄ䱹竳׾鑑׫גֻ׌ְׁկ

سٓ؎ـٖ؝٦ت٦ָ⹛⡲׃זְ㜥ざ

7 "ךꨵ彂׾⣘窍׃גֻ׌ְׁկ鮦ך⯎ꨵ㐼הر

غ؎أךꨵ彂؎ٝة٦ؿؑ٦أָ姻䌢ח⹛⡲ׅ׷ַ焷

钡׃גֻ׌ְׁկ

ة؎يٓفأⴽ鸀ع٦سٙ؎َ٦ؗحزָ䗳銳

ع٦سٙ؎َ٦ؗحز׾姻׃ֻ䱹竳׃׋䖔ծ،فٔד

ֿך堤腊׾剣⸭חׅ׷הծ儗꟦鸭竳湋鋕ָ〳腊חז

׶תׅկⴔך⹛歘כⴔח㖇簮ׁ׸ծأل٦أ׾眎

秉׃תׅկ

ㄐ⟁

ⱗ溫׾乇׷

ؽرؔ׾ٗحؙ

갉㡮ؔٝ

갉㡮ؔؿ

8J'J׾Ꟛֻمحزأهحزؔٝ

8J'J׾ꟗׄ׷محزأهحزؔؿ

갉㡮ⵖ䖵سٓ؎ـٖ؝٦ت٦ך乼⡲⚥חծ갉㡮؝و

ٝس׾鑨ֿׅהדծ㼏䘕ׅ׷堤腊׾زٔؖ٦דֹתׅկ

أذٕأر؍أفٖ؎رغ؎أך朐䡿⢾ꐯ歘ծ

꽏鮦湋鋕ծ䱹竳ח㛇בְג㼏䘕ׅ׷،؎؝ٝ׾邍爙

׃ծِ٦ؠ٦ָ植㖈ך⹛⡲朐䡿׾鴽鸟ח䪾䳣דֹ׷״

ֲח׃תׅկ

˙갉㡮؝وٝسכծ薉铃ծ傈劥铃ծؿٓٝأ铃ծٗء،

铃ծة؎铃ծكزشي铃ח㼏䘕׃גְתׅկ➭ך鎊铃

חאְגכծ薉铃ך؝وٝس׾⢪欽׃גֻ׌ְׁկ

˙剒黟זِ٦ؠ٦⡤꿁׾焷⥂ׅ׷׋׭ծ(#ךًٌٔ

٦ؕ٦سדꐯ歘ׅ׷㜥ざծؽرؙؔٔحفכⴔחⵖ

ꣳׁ׸גְתׅկ

ぜ⵸

ٌرٕ

䎣錭

暵婋堤腊

⹛⡲庛䏞

⥂盗庛䏞

ꨵ彂⣘窍

5'ؕ٦سך㺂ꆀ

鍒⫸䏞

%"4)$".&3"

.*/*1SP

o

갉㡮ⵖ䖵

أذٕأر؍أفٖ؎

o$o$o'o'

o$o$o'o'

(#(#

7"

ꨵ彂؎ٝة٦ؿؑ٦أ 5ZQF$

v,'14

v,'14

v1



'14)%3

㛇劥ػًٓ٦ة٦

ٓכ

♧儗⨢姺⚥

דׅ

ꐯ

歘⚥

דׅ

5'ؕ٦سؒٓ٦דׅ

堤腊

朐䡿

筯蒀



⡛鸟挿徦

筯蒀넞鸟挿徦

歘꬗כ猲꟦乼⡲ָזְה荈⹛涸חؔؿחז׶תׅկ

،فָٔسٓ؎ـٖ؝٦ت٦ח䱹竳ׅ׷הծ

،؎؝ָٝꫬ蒀חז׶תׅկ

筯蒀挿抧

REC

و؎ؙꐯ갉ָؔٝחז׏גְתׅկ

5'ؕ٦سָ⢪欽דֹתׇ׿կ

5'ؕ٦سךؿؓ٦وحزָ䗳銳ז㜥ざծ،؎

؝ٝכ饕蒀חז׶תׅկؿؓ٦وحز⚥כ涯

蒀חז׶תׅկ

5'ؕ٦سך㺂ꆀָ(#劢弬דׅկ

5'ؕ٦سכ姻䌢דׅկ

鸑䌢ךؽرؔ׾ꐯ歘⚥կ

荈⹛ꨵ彂ؔؿָ剣⸭חז׏גְתׅկ

ة؎يٓفأꐯ歘ָ剣⸭חז׏גְתׅկ

꽏鮦湋鋕ָ剣⸭חז׏גְתׅկ،؎؝ٝכ

ꫬ蒀דׅկ

꽏鮦湋鋕הة؎يٓفأꐯ歘ָ⚖倰剣⸭חז

׏גְתׅկ

筝䚉ؽرؔ׾ꐯ歘⚥կչ3&$պך胜兞ָ饕蒀

חז׶תׅկ

ꐯ歘ָ⨢姺׃גְתׅկ

و؎ؙꐯ갉ָؔؿחז׏גְתׅկ

8J'Jָؔؿחז׏גְתׅկ

΍8J'J،؎؝ٝ

Ύو؎ؙꐯ갉،؎؝ٝ

Ώ5'ؕ٦س،؎؝ٝ

(14׾》䖤׃ת׃׋կ

(14劢》䖤կ

ΐ遺僤أذ٦ةأ،؎؝ٝ

Αꐯ歘朐䡿،؎؝ٝ

Β꽏鮦鏤㹁،؎؝ٝ

REC

銯

,"8""650

'VODJPOFTEFMPTCPUPOFT

TFHVOEP

"QBHBSMBEBTIDBN

%PTWFDFT

5SFTWFDFT

6OBWF[

"DUJWBS%FTBDUJWBSMBHSBCBDJ²O

EFBVEJP

'PSNBUFBSMBUBSKFUB5'

3FTUBCMFDFSBDPOHVSBDJ²O

EFGCSJDB

"DUJWBS%FTBDUJWBS8J'J

TFHVOEPT

3FJOJDJBSMBEBTIDBN

.TEF

TFHVOEPT

$JODPWFDFT

&ODFOEFSMBEBTIDBN

0QFSBS

'VODJ²O

#PU²OEFGVODJ²O

1SFTJPOF)BHBDMJD

FOFMCPU²O



*OTUBMBDJ²OEFMB"11

%FTDBSHVFMB"11,"8""650

FTDBOFBOEPFMD²EJHP23

"CSBMB"11,"8""650IBHBDMJD

FOFMFOMBFTRVJOBTVQFSJPS

EFSFDIBTFMFDDJPOF,"8"%BTI$BN

.*/*1SPZTJHBMBTJOTUSVDDJPOFTFOMB"11QBSBPQFSBS



"TFH¹SFTFEFDPOFDUBSTVUFM¨GPOPBMQVOUPEFBDDFTP

EFMBDNBSBEFMBVUPN²WJM

%FTDSJQDJ²OEFMQSPEVDUP

$POUFOJEPEFM1BRVFUF

-V[JOEJDBEPSB

*OTUSVDDJPOFTEFMBQBOUBMMB

*OTUBMBDJ²OEFMB%BTI$BN























-&%

.*$

#PU²OEFGVODJ²O

4PQPSUF

"HVKFSPEFWFOUJMBDJ²O

*OUFSGB[EFBMJNFOUBDJ²O

3BOVSBQBSBUBSKFUB5'

$NBSB

"MUBWP[

1BQFMBEIFTJWPSFTJTUFOUF

BMDBMPS

  









1SFHVOUBTGSFDVFOUFT'"2T

$NBSBEF

TBMQJDBEFSP

$BCMF5ZQF$.BOVBMEFVTVBSJP

$BSHBEPS

EFDPDIF

1FHBUJOB

FMFDUSPTUUJDB

*OTFSUFMBUBSKFUB5' 3FUJSFMBQFHBUJOB

FMFDUSPTUUJDBZFMJKBMB

QPTJDJ²OBEFDVBEBQBSB

QFHBSMB

3FUJSFFMBEIFTJWPEFM

TPQPSUFEFMBEBTIDBN

1FHVFMBEBTIDBNTPCSF

MBQFHBUJOBFMFDUSPTUUJDB

&MDBCMFEFBMJNFOUBDJ²O

TFQVFEFPDVMUBSTFH¹OMBT

JOTUSVDDJPOFTEFMBJNBHFO

-BQMBDBEFDVCJFSUB

UJFOFVOEJTF°P

EFTNPOUBCMF

˙/PNCSFEFMBSFE8J'J,"8"@.*/*1SP@9999



˙$POUSBTF°BQSFEFUFSNJOBEB

/PUB

-BQSJNFSBHSBCBDJ²OSFRVJFSFDPOFYJ²OBMB

BQMJDBDJ²O6OBWF[RVFDPNJFO[BMBHSBCBDJ²OMB

BQMJDBDJ²OTFQVFEFEFTDPOFDUBS

4JMB71/FTUBDUJWBEBEFTBDU¬WFMBBOUFTEF

DPOFDUBSTFBMBEBTIDBN

4JPMWJEBMBDPOUSBTF°BQSFTJPOFFMCPU²OEFSFJOJDJP

WFDFTQBSBSFTUBVSBSMBDPOUSBTF°BQSFEFUFSNJOBEB

EFDPOFYJ²O

(V¬BEFVTPEFMBUBSKFUB5'

&TQFDJDBDJPOFT

˙"ENJUFDBQBDJEBEFTEF(#B(#DPOVOB

DMBTJDBDJ²OEFWFMPDJEBE$MBTFPTVQFSJPS

˙6TFUBSKFUBT5'EFBMUBWFMPDJEBEEFNBSDBT

SFDPOPDJEBT-BTUBSKFUBT5'EFCBKBDBMJEBEQVFEFO

DBVTBSHSBCBDJPOFTEFWJEFPBOPSNBMFTPGBMMPTFOMB

UBSKFUB5'

˙'PSNBUFFMBUBSKFUBBUSBW¨TEFMBDNBSBEFM

BVUPN²WJMEFTQV¨TEFJOTFSUBSMBQPSQSJNFSBWF[

˙)BHBVOBDPQJBEFTFHVSJEBEEFMPTEBUPTJNQPSUBOUFT

DPOBOUFMBDJ²OFMGPSNBUFPCPSSBUPEPFMDPOUFOJEP

˙'PSNBUFFNFOTVBMNFOUFQBSBNBOUFOFSFM

GVODJPOBNJFOUPEFMFDUVSBFTDSJUVSB

˙&WJUFJOTFSUBSPRVJUBSMBUBSKFUBNJFOUSBTMBDNBSBEFM

BVUPN²WJMFTUFODFOEJEB

˙3FFNQMBDFMBUBSKFUBJONFEJBUBNFOUFTJFYQFSJNFOUB

FSSPSFTEFMFDUVSBFTDSJUVSBPVOBDBQBDJEBEBOPSNBM

EFCJEPBTPCSFTDSJUVSBTSFQFUJEBT

.BOUFOJNJFOUPSVUJOBSJP

$POHVSBDJ²OJOJDJBM

%FTDSJQDJ²OEFGVODJPOFTJNQPSUBOUFT

(SBCBDJ²OFOCVDMF&MWJEFPNTBOUJHVPTFS

TPCSFTDSJUPDVBOEPMBUBSKFUB5'FTU¨MMFOBQBSBRVFTF

QVFEBTFHVJSHSBCBOEPDPOUJOVBNFOUF-BEVSBDJ²O

EFMBHSBCBDJ²OFOCVDMFTFQVFEFBKVTUBSFOMB

BQMJDBDJ²ONJOVUPT

4FOTPS($VBOEPFMWFI¬DVMPFYQFSJNFOUFVOB

DPMJTJ²OPWJCSBDJ²OMBDNBSBEFMBVUPN²WJM

DPNFO[BSBVUPNUJDBNFOUFMBHSBCBDJ²OEFWJEFP

EFFNFSHFODJBZCMPRVFBSFMWJEFP

.PEPEFFTUBDJPOBNJFOUPTFSFRVJFSFLJUEFDBCMFBEP

BEJDJPOBM$VBOEPMBDNBSBEFMBVUPN²WJMFTU¨

DPOFDUBEBBMLJUEFDBCMFBEPIBCJMJUBMBWJHJMBODJBEF

FTUBDJPOBNJFOUPMBTIPSBT&OFTUFNPEPMB

DNBSBEFMBVUPN²WJMDPNFO[BSBVUPNUJDBNFOUF

BHSBCBSZCMPRVFBSFMWJEFPDVBOEPTFEFUFDUFVOB

DPMJTJ²O

5BSKFUB5'JODPNQBUJCMF3FDPSEBUPSJPQBSB

GPSNBUFBS

-BUBSKFUB5'OFDFTJUBTFSBEBQUBEBBMBDNBSBEFM

BVUPN²WJMTJHBMBTJOEJDBDJPOFTEFWP[3FFNQMBDFMB

UBSKFUB5'TJFTOFDFTBSJP

8*'*OPEJTQPOJCMFFOFMUFM¨GPOP4JODPOFYJ²OB

JOUFSOFU

*HO²SFMPZWVFMWBBDPOFDUBSMBDNBSBEFMBVUPN²WJMFO

MBBQMJDBDJ²O

/PTFQVFEFFODPOUSBSFMWJEFPHSBCBEP

*OHSFTFBMBBQMJDBDJ²OWBZBB7JTUBQSFWJBFOWJWP

MCVNZWFBUPEPTMPTWJEFPT

-BDNBSBEFMBVUPN²WJMOPHSBCB

3FTUBCMF[DBMBDNBSBEFMBVUPN²WJMPSFFNQMBDFMB

UBSKFUB5'

(SBCBDJ²OEFFNFSHFODJBGSFDVFOUF

"KVTUFMBTFOTJCJMJEBETFH¹OTVTOFDFTJEBEFTP

BQHVFMB

0MWJE²MBDPOUSBTF°BNPEJDBEBEFMQVOUPEF

BDDFTP

1SFTJPOFFMCPU²OEFFODFOEJEPWFDFTQBSB

SFTUBCMFDFSZMBDPOUSBTF°BQSFEFUFSNJOBEBTF

SFTUBVSBSB

-BBQMJDBDJ²OTFCMPRVFBPUJFOFSFUSBTPT

&WJUFVTBSFM8J'JEFMBDNBSBEFMBVUPN²WJMFO

FOUPSOPTDPON¹MUJQMFTEJTQPTJUJWPTPJOUFSGFSFODJBT

EFTF°BM

/PTFQVFEFDPOFDUBSBMBDNBSBEFMBVUPN²WJM

3FWJTFMPTQFSNJTPTEFMBBQMJDBDJ²O,"8""650FOFM

UFM¨GPOP4JFTOFDFTBSJPSFJOJDJFMBBQMJDBDJ²O

SFTUBCMF[DBFMEJTQPTJUJWPZWVFMWBBJOUFOUBSMB

DPOFYJ²O

-BDNBSBEFMBVUPN²WJMOPGVODJPOB

"MJNFOUFFMEJTQPTJUJWPDPO7 "7FSJRVFTJFM

DBSHBEPSEFMBVUPN²WJMZMBJOUFSGB[EFBMJNFOUBDJ²O

EFMEJTQPTJUJWPGVODJPOBODPSSFDUBNFOUF

5JNFMBQTFTFSFRVJFSFLJUEFDBCMFBEPBEJDJPOBM

%FTQV¨TEFDPOFDUBSDPSSFDUBNFOUFFMLJUEFDBCMFBEP

IBCJMJUFFTUBGVODJ²OBUSBW¨TEFMBBQMJDBDJ²OQBSB

MPHSBSVOBTVQFSWJTJ²ODPOUJOVBMBTIPSBT&MWJEFP

EFNJOVUPTTFDPNQSJNJSBNJOVUPQBSBBIPSSBS

FTQBDJP

$PNBOEP

5BLFQIPUP

-PDLUIFWJEFP

5VSOPOBVEJP

5VSOPBVEJP

5VSOPO8J'JIPUTQPU

5VSOP8J'JIPUTQPU

$POUSPMQPSWP[%VSBOUFFMGVODJPOBNJFOUPEFMB

EBTIDBNTJNQMFNFOUFEJHBFMDPNBOEPEFWP[QBSB

BDUJWBSMBGVODJ²ODPSSFTQPOEJFOUF

1BOUBMMB'VSUJWB.VFTUSBMPT¬DPOPTDPSSFTQPOEJFOUFT

TFH¹OFMFTUBEPEFMEJTQPTJUJWPQPSFKFNQMP

HSBCBDJ²ONPOJUPSFPEFFTUBDJPOBNJFOUP

DPOFDUJWJEBEQBSBQFSNJUJSBMPTVTVBSJPTDPNQSFOEFS

SQJEBNFOUFFMFTUBEPPQFSBUJWPBDUVBM

˙-PTDPNBOEPTEFWP[TPODPNQBUJCMFTDPOJOHM¨T

KBQPO¨TGSBOD¨TSVTPUBJMBOE¨TZWJFUOBNJUB1BSB

PUSPTJEJPNBTVUJMJDFDPNBOEPTFOJOHM¨T

˙1BSBHBSBOUJ[BSVOBFYQFSJFODJBEFVTVBSJP²QUJNB

MPTWJEFPDMJQTFTUOMJNJUBEPTBNJOVUPTBMHSBCBS

DPOVOBUBSKFUBEFNFNPSJBEF(#

-B





NBSBFTU



FOQBV

-BD



NBSBFTU



HSBC

BOEP

&SSPSFOMBUBSKFUB5'

'VODJ²O

&TUBEP

FTUFMMP7FSEF-FOUP

%FTUFMMP7FSEF3QJEP

-BQBOUBMMBTFBQBHBBVUPNUJDBNFOUFEFTQV¨TEF

TFHVOEPTEFJOBDUJWJEBE

&M¬DPOPTFWVFMWFB[VMDVBOEPMBBQMJDBDJ²O

BDDFEFBMBEBTIDBN

7FSEF'JKP

"%7&35&/$*"*.1035"/5&

6UJMJDFFMDBSHBEPSEFDPDIFFMDBCMF64#PFM

)BSEXJSF,JUPSJHJOBMFTQSPQPSDJPOBEPTDPOFM

EJTQPTJUJWPFM)BSEXJSF,JUTFWFOEFQPSTFQBSBEP

4JVUJMJ[BBDDFTPSJPTOPPSJHJOBMFTBTFH¹SFTFEFRVFFM

WPMUBKFEFTBMJEBOPTVQFSFMPT7ZBRVFVOWPMUBKF

NTBMUPQPES¬BEB°BSFMEJTQPTJUJWP





/PNCSF

.PEFMP

OHVMPBNQMJP

'VODJ²OFTQFDJBM

5FNQFSBUVSBEF

GVODJPOBNJFOUP

5FNQFSBUVSBEF

BMNBDFOBNJFOUP

'VFOUFEFBMJNFOUBDJ²O

$BQBDJEBEEFMBUBSKFUB5'

3FTPMVDJ²O

%"4)$".&3"

.*/*1SP

o

$POUSPMQPSWP[

1BOUBMMB'VSUJWB

o$Bo$o'Bo'

o$Bo$o'Bo'

(#(#

7"

*OUFSGB[EFBMJNFOUBDJ²O 5ZQF$

v,'14

v,'14

v1



'14)%3

1BSNFUSPTCTJDPT

REC

-BHSBCBDJ²OEFMNJDS²GPOPFTUBDUJWBEB

-BUBSKFUB5'OPFTUEJTQPOJCMF

$VBOEPMBUBSKFUB5'OFDFTJUBGPSNBUFPFM

¬DPOPFTSPKP4FWPMWFSCMBODPEVSBOUFFM

GPSNBUFP

-BUBSKFUB5'UJFOFNFOPTEF(#

-BUBSKFUB5'FTOPSNBM

(SBCBOEPWJEFPTOPSNBMFT

"QBHBEPBVUPNUJDPIBCJMJUBEP

(SBCBDJ²OFOMBQTPEFUJFNQPIBCJMJUBEB

&MNPOJUPSEFFTUBDJPOBNJFOUPFTUIBCJMJUBEP

&M¬DPOPFTB[VM

&MNPOJUPSEFFTUBDJPOBNJFOUPZMBHSBCBDJ²O

FOMBQTPEFUJFNQPFTUOIBCJMJUBEPT

(SBCBOEPVOWJEFPEFFNFSHFODJBDPOVO

GPOEPSPKPQBSB3&$

(SBCBDJ²OEFUFOJEB

-BHSBCBDJ²OEFMNJDS²GPOPFTUEFTBDUJWBEB

8J'JFTUBQBHBEP

΍DPOPEF8J'J

ΎDPOPEFHSBCBDJ²OEFNJDS²GPOP

ΏDPOPEFUBSKFUB5'

4F°BMEF(14BERVJSJEB

4F°BMEF(14OPBERVJSJEB

ΐ*DPOPEFFTUBEPEFMTBU¨MJUF

ΑDPOPEFFTUBEPEFHSBCBDJ²O

ΒDPOPEFDPOHVSBDJ²OEFFTUBDJPOBNJFOUP

REC

"77*40*.1035"/5&

6UJMJ[[BSFJMDBSJDBCBUUFSJFQFSBVUPJMDBWP64#P

M)BSEXJSF,JUPSJHJOBMJGPSOJUJDPOJMEJTQPTJUJWP

M)BSEXJSF,JU§WFOEVUPTFQBSBUBNFOUF

4FTJVUJMJ[[BOPBDDFTTPSJOPOPSJHJOBMJBTTJDVSBSTJDIF

MBUFOTJPOFJOVTDJUBOPOTVQFSJJ7QPJDI¨VO

WPMUBHHJPQJ¸BMUPQV±EBOOFHHJBSFJMEJTQPTJUJWP



䠑

,"8""650

'VO[JPOJEFJQVMTBOUJ

TFDPOEP

4QFHOFSFMBEBTIDBN

%VFWPMUF

5SFWPMUF

6OBWPMUB

"DDFOEFSFTQFHOFSFMB

SFHJTUSB[JPOFBVEJP

'PSNBUUBMBTDIFEB5'

3JQSJTUJOBSFBMMFJNQPTUB[JPOJ

EJGBCCSJDB

"DDFOEFSFTQFHOFSFJM8J'J

TFDPOEJ

3JBWWJBSFMBEBTIDBN

0MUSFTFDPOEJ

$JORVFWPMUF

"DDFOEFSFMBEBTIDBN

0QFSB[JPOF

'VO[JPOF

5BTUPGVO[JPOF

1SFNFSF$MJDDBSF

JMQVMTBOUF



*OTUBMMB[JPOFEFMM"11

1FSGBWPSFTDBSJDBM"11,"8"

"650TDBOTJPOBOEPJMDPEJDF23

"QSJM"11,"8""650DMJDDBTV

OFMMBOHPMPJOBMUPBEFTUSBTFMF[JPOB

,"8"%BTI$BN.*/*1SPFTFHVJMF

JTUSV[JPOJOFMM"11QFSMPQFSB[JPOF



"TTJDVSBUJEJDPOOFUUFSFJMUVPUFMFGPOPBMMBSFUF

IPUTQPUEFMMBEBTIDBN

1BOPSBNJDBEFMQSPEPUUP

$POUFOVUPEFMMBDPOGF[JPOF -VDFJOEJDBUSJDF

*TUSV[JPOJEFMMP4DIFSNP

*OTUBMMB[JPOFEFMMB%BTI$BN























-&%

.JDSPGPOP.*$

5BTUPGVO[JPOF

4VQQPSUP

'PSPEJSBSFEEBNFOUP

*OUFSGBDDJBEJBMJNFOUB[JPOF

4MPUQFSTDIFEB5'

5FMFDBNFSB

"MUPQBSMBOUF

$BSUBBEFTJWBSFTJTUFOUF

BMDBMPSF

  









%PNBOEF'SFRVFOUJ'"2T

%BTIDBN $BWP5ZQF$.BOVBMFVUFOUF

$BSJDBCBUUFSJF

QFSBVUP

"EFTJWP

FMFUUSPTUBUJDP

*OTFSJSFMBTDIFEB5' 3JNVPWFSFMBEFTJWP

FMFUUSPTUBUJDPFQPTJ[JPOBSMP

OFMMBQPTJ[JPOFBQQSPQSJBUB

3JNVPWFSFMBEFTJWP

EBMTVQQPSUPEFMMBEBTI

DBN

"UUBDDBSFMBEBTIDBN

BMMBEFTJWPFMFUUSPTUBUJDP

*MDBWPEJBMJNFOUB[JPOF

QV±FTTFSFOBTDPTUP

TFHVFOEPMFJTUSV[JPOJ

OFMMJNNBHJOF

-BQJBTUSBEJDPQFSUVSB

QSFTFOUBVOEFTJHO

SFNPWJCJMF

˙/PNFIPUTQPU,"8"@.*/*1SP@9999



˙1BTTXPSEQSFEFOJUB

/PUB-BQSJNBSFHJTUSB[JPOFSJDIJFEFMBDPOOFTTJPOF

BMMBQQ6OBWPMUBBWWJBUBMBSFHJTUSB[JPOFMBQQQV±

FTTFSFEJTDPOOFTTB4FJM71/§BUUJWBUPEJTBUUJWBMP

QSJNBEJDPMMFHBSUJBMMBEBTIDBN4FEJNFOUJDIJMB

QBTTXPSEQSFNJJMQVMTBOUFEJSFTFUWPMUFQFS

SJQSJTUJOBSFMBQBTTXPSEQSFEFOJUBQFSMBDPOOFTTJPOF

(VJEBBMMVTPEFMMBTDIFEB5'

4QFDJDIF

˙4VQQPSUBDBQBDJUEB(#B(#DPOVOBWFMPDJUEJ

DMBTTFPTVQFSJPSF

˙6UJMJ[[BSFTDIFEF5'BEBMUBWFMPDJUEJNBSDIFBEBCJMJ

-FTDIFEF5'EJCBTTBRVBMJUQPTTPOPDBVTBSF

SFHJTUSB[JPOJWJEFPBOPNBMFPHVBTUJBMMBTDIFEB5'

˙'PSNBUUBSFMBTDIFEBUSBNJUFMBEBTIDBNEPQP

MJOTFSJNFOUPJOJ[JBMF

˙&TFHVJSFJMCBDLVQEFJEBUJJNQPSUBOUJQSJNBMB

GPSNBUUB[JPOFDBODFMMFSUVUUPJMDPOUFOVUP

˙'PSNBUUBSFVOBWPMUBBMNFTFQFSNBOUFOFSFMF

QSFTUB[JPOJEJMFUUVSBTDSJUUVSB

˙&WJUBSFEJJOTFSJSFPSJNVPWFSFMBTDIFEBNFOUSFMB

EBTIDBN§BDDFTB

˙4PTUJUVJSFMBTDIFEBJNNFEJBUBNFOUFTFTJWFSJDBOPFSSPSJ

EJMFUUVSBTDSJUUVSBPVOBDBQBDJUBOPNBMBBDBVTBEFMMB

TPWSBTDSJUUVSBSJQFUVUB

.BOVUFO[JPOFPSEJOBSJB

*NQPTUB[JPOJJOJ[JBMJ

%FTDSJ[JPOFEFMMF'VO[JPOJ*NQPSUBOUJ

3FHJTUSB[JPOFJOMPPQJMWJEFPQJ¸WFDDIJPWFSS

TPWSBTDSJUUPRVBOEPMBTDIFEB5'§QJFOB

QFSNFUUFOEPEJDPOUJOVBSFBSFHJTUSBSFTFO[B

JOUFSSV[JPOJ-BEVSBUBEFMMBSFHJTUSB[JPOFJOMPPQQV±

FTTFSFSFHPMBUBOFMM"11NJOVUJ



(TFOTPS2VBOEPJMWFJDPMPTVCJTDFVOBDPMMJTJPOFP

VOBWJCSB[JPOFMBEBTIDBNJOJ[JFSBVUPNBUJDBNFOUF

MBSFHJTUSB[JPOFWJEFPEJFNFSHFO[BFCMPDDIFSJMWJEFP



.PEBMJUQBSDIFHHJPSJDIJFEFVOLJUEJDBCMBHHJP

BHHJVOUJWP2VBOEPMBUFMFDBNFSBEBDSVTDPUUP§

DPMMFHBUBBMLJUEJDBCMBHHJPDPOTFOUFVOBTPSWFHMJBO[B

DPOUJOVBEJPSFEVSBOUFJMQBSDIFHHJP*OPMUSFJO

RVFTUBNPEBMJUMBUFMFDBNFSBEBDSVTDPUUPJOJ[JFS

BVUPNBUJDBNFOUFBSFHJTUSBSFFCMPDDBSFJMWJEFP

RVBOEPSJMFWBVOBDPMMJTJPOF

4DIFEB5'JODPNQBUJCJMF3JDPSEBEJGPSNBUUBSF

-BTDIFEB5'EFWFFTTFSFBEBUUBUBBMMBEBTIDBNTFHVJSF

JTVHHFSJNFOUJWPDBMJ4PTUJUVJSFMBTDIFEB5'

TFOFDFTTBSJP

8*'*OPOEJTQPOJCJMFTVMUFMFGPOP/FTTVOB

DPOOFTTJPOFB*OUFSOFU

*HOPSBMPFSJDPOOFUUJMBEBTIDBNOFMM"11

*NQPTTJCJMFUSPWBSFJMWJEFPSFHJTUSBUP

"DDFEJBMM"11WBJTV-JWF1SFWJFX"MCVN

FWJTVBMJ[[BUVUUJJWJEFP

-BEBTIDBNOPOSFHJTUSB

3JQSJTUJOBMBEBTIDBNPTPTUJUVJTDJMBTDIFEB5'

3FHJTUSB[JPOFEJFNFSHFO[BGSFRVFOUF

3FHPMBMBTFOTJCJMJUTFDPOEPMFUVFFTJHFO[FPEJTBUUJWBMB

%JNFOUJDBUPMBQBTTXPSENPEJDBUBEFMIPUTQPU

1SFNFSFJMQVMTBOUFEJBDDFOTJPOFWPMUFQFS

SJQSJTUJOBSFFMBQBTTXPSEQSFEFOJUBWFSSSJQSJTUJOBUB

B

-"11TJCMPDDBPSBMMFOUB

&WJUBEJVUJMJ[[BSFJM8J'JEFMMBEBTIDBNJOBNCJFOUJ

DPOQJ¸EJTQPTJUJWJPJOUFSGFSFO[FEJTFHOBMF

*NQPTTJCJMFDPOOFUUFSTJBMMBEBTIDBN

$POUSPMMBMFBVUPSJ[[B[JPOJEFMMBQQ,"8""650TVM

UFMFGPOP4FOFDFTTBSJPSJBWWJBM"11SJQSJTUJOBJM

EJTQPTJUJWPFSJQSPWBMBDPOOFTTJPOF

-BEBTIDBNOPOGVO[JPOB

"MJNFOUBJMEJTQPTJUJWPDPO7 "$POUSPMMBTFJM

DBSJDBCBUUFSJFEFMMBVUPFMJOUFSGBDDJBEJ

BMJNFOUB[JPOFEFMEJTQPTJUJWPGVO[JPOBOP

DPSSFUUBNFOUF



5JNFMBQTFOFDFTTJUBVOLJUEJDBCMBHHJPBHHJVOUJWP

%PQPBWFSDPMMFHBUPDPSSFUUBNFOUFJMLJUEJDBCMBHHJP

BCJMJUBRVFTUBGVO[JPOFUSBNJUFM"11QFSPUUFOFSFVO

NPOJUPSBHHJPDPOUJOVPPSFTV*MWJEFPEJNJOVUJ

WFSSDPNQSFTTPBNJOVUPQFSSJTQBSNJBSFTQB[JP

$PNBOEP

5BLFQIPUP

-PDLUIFWJEFP

5VSOPOBVEJP

5VSOPBVEJP

5VSOPO8J'JIPUTQPU

5VSOP8J'JIPUTQPU

$POUSPMMPWPDBMF%VSBOUFJMGVO[JPOBNFOUPEFMMB

EBTIDBNCBTUBQSPOVODJBSFJMDPNBOEPWPDBMFQFS

BUUJWBSFMBGVO[JPOFDPSSJTQPOEFOUF

%JTQMBZ4UFBMUI.PTUSBMFJDPOFDPSSJTQPOEFOUJ

JOCBTFBMMPTUBUPEFMEJTQPTJUJWPBEFTFNQJP

SFHJTUSB[JPOFNPOJUPSBHHJPQBSDIFHHJPDPOOFUUJWJU

QFSDPOTFOUJSFBHMJVUFOUJEJDPNQSFOEFSF

SBQJEBNFOUFMPTUBUPPQFSBUJWPBUUVBMF

˙*DPNBOEJWPDBMJTVQQPSUBOPMJOHMFTFJMHJBQQPOFTF

JMGSBODFTFJMSVTTPJMUIBJMBOEFTFFJMWJFUOBNJUB1FS

BMUSFMJOHVFVUJMJ[[BSFJDPNBOEJJOJOHMFTF

˙4QSBDICFGFIMFVOUFSTU»U[FO&OHMJTDI+BQBOJTDI

'SBO[µTJTDI3VTTJTDI5IBJM£OEJTDIVOE

7JFUOBNFTJTDI'»SBOEFSF4QSBDIFOWFSXFOEFO4JF

CJUUFFOHMJTDIF#FGFIMF

˙1FSHBSBOUJSFVOFTQFSJFO[BVUFOUFPUUJNBMFJ

WJEFPDMJQTPOPMJNJUBUJBNJOVUJRVBOEPTJSFHJTUSB

DPOVOBTDIFEBEJNFNPSJBEB(#

/PNF

.PEFMMP

"OHPMPBNQJP

'VO[JPOF4QFDJBMF

5FNQFSBUVSBEJ-BWPSP

5FNQFSBUVSBEJ

$POTFSWB[JPOF

"MJNFOUB[JPOF

$BQBDJUEFMMBTDIFEB5'

3JTPMV[JPOF

%"4)$".&3"

.*/*1SP

o

$POUSPMMPWPDBMF

%JTQMBZ4UFBMUI

o$o$o'o'

o$o$o'o'

(#(#

7"

*OUFSGBDDJBEJBMJNFOUB[JPOF 5ZQF$

v,'14

v,'14

v1



'14)%3

1BSBNFUSJEJCBTF

-BGPUPDBNFSB§JOQBVTB

-BGPUPDBNFSB

TUBSFHJTUSBOEP

&SSPSFEFMMBTDIFEB5'

'VO[JPOF

4UBUP

-BNQFHHJBNFOUP

7FSEF-FOUP

-BNQFHHJBNFOUP

7FSEF3BQJEP

-PTDIFSNPTJTQFHOFBVUPNBUJDBNFOUFEPQP

TFDPOEJEJJOBUUJWJU

-JDPOBEJWFOUBCMVRVBOEPMBQQBDDFEFBMMB

EBTIDBN

7FSEF'JTTP

REC

-BSFHJTUSB[JPOF.*$§BUUJWB

-BTDIFEB5'OPO§EJTQPOJCJMF

2VBOEPMBTDIFEB5'OFDFTTJUBEJ

GPSNBUUB[JPOFMJDPOBEJWFOUBSPTTB%VSBOUF

MBGPSNBUUB[JPOFEJWFOUBCJBODB

-BTDIFEB5'IBNFOPEJ(#

-BTDIFEB5'§OPSNBMF

3FHJTUSB[JPOFEJWJEFPOPSNBMJ

4QFHOJNFOUPBVUPNBUJDPBUUJWBUP

3FHJTUSB[JPOFUJNFMBQTFBUUJWBUB

.POJUPSBHHJPQBSDIFHHJPBUUJWBUP-JDPOB§

CMV

.POJUPSBHHJPQBSDIFHHJPFSFHJTUSB[JPOF

UJNFMBQTFBUUJWBUJFOUSBNCJ

3FHJTUSB[JPOFEJVOWJEFPEJFNFSHFO[BDPO

TGPOEPSPTTPQFS3&$

3FHJTUSB[JPOFJOUFSSPUUB

-BSFHJTUSB[JPOF.*$§EJTBUUJWBUB

*M8J'J§TQFOUP

΍*DPOB8J'J

Ύ*DPOB3FHJTUSB[JPOF.*$

Ώ*DPOB4DIFEB5'

4FHOBMF(14BDRVJTJUP

4FHOBMF(14OPOBDRVJTJUP

ΐ*DPOBTUBUPTBUFMMJUF

Α*DPOB4UBUP3FHJTUSB[JPOF

Β*DPOB*NQPTUB[JPOJ1BSDIFHHJP

REC

䗞

,"8""650

'VOLUJPOFOEFS5BTUFO

4FLVOEF

%BTIDBNBVTTDIBMUFO

.BM

.BM

.BM

"VEJPBVGOBINFFJOBVTTDIBMUFO

5',BSUFGPSNBUJFSFO

"VG8FSLTFJOTUFMMVOHFO

[VS»DLTFU[FO

8J'JFJOBVTTDIBMUFO

4FLVOEFO

%BTIDBNOFVTUBSUFO

CFS4FLVOEFO

.BM

%BTIDBNFJOTDIBMUFO

#FEJFOFO

'VOLUJPO

'VOLUJPOTUBTUF

%S»DLFO,MJDLFO

4JFEJF5BTUF



"QQ*OTUBMMBUJPO

-BEFO4JFEJF"QQ



,"8""650



IFSVOUFSJOEFN4JFEFO23$PEF

TDBOOFO

OFO4JFEJF"QQ



,"8""650





LMJDLFO4JFBVGEBT







JOEFSPCFSFO

SFDIUFO&DLFX£IMFO4JF



,"8"%BTI

$BN.*/*1SP



VOEGPMHFO4JFEFO"OXFJTVOHFOJOEFS"11



4UFMMFO4JFTJDIFSEBTT4JF*IS5FMFGPONJUEFN)PUTQPU

EFS%BTIDBNWFSCJOEFO

1SPEVLU»CFSTJDIU

7FSQBDLVOHTJOIBMU

4UBUVTBO[FJHF

#JMETDIJSNBOXFJTVOHFO

*OTUBMMBUJPOEFS%BTIDBN























-&%

.JLSPGPO.*$

'VOLUJPOTUBTUF

)BMUFS

,»IMMPDI

4USPNTDIOJUUTUFMMF

5',BSUFOTMPU

,BNFSB

-BVUTQSFDIFS

)JU[FCFTU£OEJHFT,MFCFCBOE

  









)£VHHFTUFMMUF'SBHFO'"2T

%BTIDBN 5ZQF$,BCFM#FOVU[FSIBOECVDI

"VUPMBEFHFS£U

&MFLUSPTUBUJTDIFS

"VGLMFCFS

5',BSUFFJOMFHFO &OUGFSOFO4JFEFO

FMFLUSPTUBUJTDIFO"VGLMFCFS

VOEQMBU[JFSFO4JFJIOBO

EFSHFFJHOFUFO4UFMMF

1FFMFO4JFEFO,MFCFS

WPN)BMUFSEFS%BTIDBN

BC

%JF%BTIDBNBVGEFO

FMFLUSPTUBUJTDIFO"VGLMFCFS

LMFCFO

%BT4USPNLBCFMLBOO

HFN£EFO"OXFJTVOHFO

JN#JMEWFSTUFDLUXFSEFO

%JF"CEFDLQMBUUF

WFSG»HU»CFSFJO

BCOFINCBSFT%FTJHO

˙)PUTQPU/BNF,"8"@.*/*1SP@9999



˙4UBOEBSEQBTTXPSU

)JOXFJT

%JFFSTUF"VGOBINFFSGPSEFSUFJOF"QQ7FSCJOEVOH

4PCBMEEJF"VGOBINFTUBSUFULBOOEJF"QQHFUSFOOU

XFSEFO

8FOO71/BLUJWJFSUJTUEFBLUJWJFSFO4JFFTCJUUF

CFWPS4JFTJDINJUEFS%BTIDBNWFSCJOEFO

8FOO4JFEBT1BTTXPSUWFSHFTTFOIBCFOES»DLFO4JF

EJF3FTFU5BTUF.BMVNEBT4UBOEBSEQBTTXPSUG»SEJF

7FSCJOEVOHXJFEFSIFS[VTUFMMFO

5',BSUFO#FOVU[VOHTBOMFJUVOH

4QF[JLBUJPOFO

˙6OUFSTU»U[U,BQB[JU£UFOWPO(#CJT(#NJU

FJOFS(FTDIXJOEJHLFJUEFS,MBTTFPEFSIµIFS

˙7FSXFOEFO4JF5',BSUFOWPOSFOPNNJFSUFO.BSLFO

,BSUFOWPOTDIMFDIUFS2VBMJU£ULµOOFO[VBCOPSNBMFS

7JEFPBVGOBINFPEFS[VN"VTGBMMEFS5',BSUFG»ISFO

˙'PSNBUJFSFO4JFEJF,BSUFOBDIEFSFSTUFO&JOMFHVOH

»CFSEJF%BTIDBN

˙4JDIFSO4JFXJDIUJHF%BUFOJN7PSBVTEBT'PSNBUJFSFO

MµTDIUBMMF*OIBMUF

˙'PSNBUJFSFO4JFEJF,BSUFNPOBUMJDIVNEJF-FTF

4DISFJCMFJTUVOH[VFSIBMUFO

˙7FSNFJEFO4JFEBT&JOPEFS&OUGFSOFOEFS,BSUF

X£ISFOEEJF%BTIDBNFJOHFTDIBMUFUJTU

˙&STFU[FO4JFEJF,BSUFTPGPSUXFOOCFJN-FTFO

4DISFJCFO'FIMFSBVGUSFUFOPEFSFJOFBCOPSNBMF

,BQB[JU£UBVGHSVOEXJFEFSIPMUFOCFSTDISFJCFOT

GFTUHFTUFMMUXJSE

3FHFMN£JHF8BSUVOH

&STUF&JOSJDIUVOH

8JDIUJHF'VOLUJPOTCFTDISFJCVOH

-PPQ"VGOBINF%BT£MUFTUF7JEFPXJSE

»CFSTDISJFCFOXFOOEJF5',BSUFWPMMJTUTPEBTT

LPOUJOVJFSMJDIBVGHFOPNNFOXFSEFOLBOO%JF%BVFS

EFS-PPQ"VGOBINFLBOOJOEFS"QQBOHFQBTTUXFSEFO

.JOVUFO

(4FOTPS8FOOEBT'BIS[FVHFJOFO;VTBNNFOTUP

FSMFJEFUVOEWJCSJFSUTUBSUFUEJF%BTIDBNBVUPNBUJTDI

FJOF/PUGBMMBVGOBINFVOETQFSSUEBT7JEFP

1BSLNPEVT[VT£U[MJDIFT)BSEXJSF,JUFSGPSEFSMJDI

8FOOEJF%BTIDBNNJUEFN)BSEXJSF,JUWFSCVOEFO

JTUFSNµHMJDIUEJFTFJOF4UVOEFO

1BSL»CFSXBDIVOH*OEJFTFN.PEVTTUBSUFUEJF

%BTIDBNBVUPNBUJTDIEJF"VGOBINFVOETQFSSUEBT

7JEFPXFOOFJO;VTBNNFOTUPFSLBOOUXJSE

5',BSUFJOLPNQBUJCFM&SJOOFSVOH[VN

'PSNBUJFSFO

%JF5',BSUFNVTTG»SEJF%BTIDBNHFFJHOFUTFJOCJUUF

GPMHFO4JFEFO4QSBDIBVPSEFSVOHFO&STFU[FO4JFEJF

5',BSUFXFOOOµUJH

8J'J[FJHUBVGEFN)BOEZOJDIUWFSG»HCBSBO

,FJOF*OUFSOFUWFSCJOEVOH

*HOPSJFSFO4JFEJFTF.FMEVOHVOEWFSCJOEFO4JFEJF

%BTIDBNFSOFVUJOEFS"QQ

,BOOEBTBVGHF[FJDIOFUF7JEFPOJDIUOEFO

(FIFO4JFJOEJF"QQHFIFO4JF[V˓-JWF7PSTDIBV

"MCVNVOECFUSBDIUFO4JFBMMF7JEFPT

%BTIDBNOJNNUOJDIUBVG

4FU[FO4JFEJF%BTIDBN[VS»DLPEFSFSTFU[FO4JFEJF

5',BSUF

)£VHF/PUGBMMWJEFPBVGOBINFO

1BTTFO4JFEJF&NQOEMJDILFJUOBDI#FEBSGBOPEFS

TDIBMUFO4JFEJF'VOLUJPOBVT

1BTTXPSUEFTNPEJ[JFSUFO)PUTQPUTWFSHFTTFO

%S»DLFO4JFEJF1PXFS5BTUF.BMVNEBT(FS£U

[VS»DL[VTFU[FOVOEEBT4UBOEBSEQBTTXPSUXJSEBVG

[VS»DLHFTFU[U

"QQTU»S[UBCPEFSWFS[µHFSUTJDI

7FSNFJEFO4JFEJF/VU[VOHEFT%BTIDBN8J'JJO

6NHFCVOHFONJUWJFMFO(FS£UFOPEFS4JHOBMTUµSVOHFO

7FSCJOEVOH[VS%BTIDBNOJDIUNµHMJDI

CFSQS»GFO4JFEJF#FSFDIUJHVOHFOEFS,"8""650

"QQBVG*ISFN)BOEZ'BMMTOµUJHTUBSUFO4JFEJF"QQ

OFVTFU[FO4JFEBT(FS£U[VS»DLVOEWFSTVDIFO4JF

FSOFVUEJF7FSCJOEVOHIFS[VTUFMMFO

%BTIDBNGVOLUJPOJFSUOJDIU

7FSTPSHFO4JFEBT(FS£UNJU7 "4USPN

CFSQS»GFO4JFPCEBT"VUPMBEFHFS£UVOEEFS

4USPNBOTDIMVTTEFT(FS£UTPSEOVOHTHFN£

GVOLUJPOJFSFO

5JNF-BQTF[VT£U[MJDIFT)BSEXJSF,JUFSGPSEFSMJDI

/BDILPSSFLUFN"OTDIMVTTEFT)BSEXJSF,JUTBLUJWJFSFO

4JFEJFTF'VOLUJPO»CFSEJF"QQVNFJOF

LPOUJOVJFSMJDIF4UVOEFOCFSXBDIVOH[V

FSNµHMJDIFO%BTNJO»UJHF7JEFPXJSEBVG.JOVUF

LPNQSJNJFSUVN4QFJDIFSQMBU[[VTQBSFO

#FGFIM

5BLFQIPUP

-PDLUIFWJEFP

5VSOPOBVEJP

5VSOPBVEJP

5VSOPO8J'JIPUTQPU

5VSOP8J'JIPUTQPU

4QSBDITUFVFSVOH8£ISFOEEFS#FEJFOVOHEFS

%BTIDBNLBOOEVSDI4QSFDIFOEFT4QSBDICFGFIMTEJF

FOUTQSFDIFOEF'VOLUJPOBVTHFMµTUXFSEFO

4UFBMUI"O[FJHF;FJHUFOUTQSFDIFOEF4ZNCPMF

CBTJFSFOEBVGEFN4UBUVTEFT(FS£UTBO[#

"VGOBINF1BSL»CFSXBDIVOH7FSCJOEVOHVNEFO

#FOVU[FSO[VFSNµHMJDIFOEFOBLUVFMMFO

#FUSJFCT[VTUBOETDIOFMM[VFSGBTTFO

˙6NFJOPQUJNBMFT#FOVU[FSFSMFCOJT[VHFX£ISMFJTUFO

TJOE7JEFPBVGOBINFOCFJ7FSXFOEVOHFJOFS(#

4QFJDIFSLBSUFBVG.JOVUFOCFHSFO[U

,BNFSBJTUQBVTJFSU

,BNFSBOJNNUBVG

5',BSUFOGFIMFS

'VOLUJPO

4UBUVT

-BOHTBNFT#MJOLFO(S

4DIOFMMFT#MJOLFO(S»O

%FS#JMETDIJSNTDIBMUFUTJDIOBDI4FLVOEFO

*OBLUJWJU£UBVUPNBUJTDIBVT

%BT4ZNCPMXJSECMBVXFOOEJF"QQBVGEJF

%BTIDBN[VHSFJGU

%BVFSMJDIU(S»O

8*$)5*(&3)*/8&*4

#JUUFWFSXFOEFO4JFEBTPSJHJOBMF"VUPMBEFHFS£U64#

,BCFMPEFSEBT)BSEXJSF,JUEBTNJUEFN(FS£U

HFMJFGFSUXJSEEBT)BSEXJSF,JUJTUTFQBSBUFSI£MUMJDI

8FOO4JFOJDIUPSJHJOBMFT;VCFIµSWFSXFOEFOTUFMMFO

4JFTJDIFSEBTTEJF"VTHBOHTTQBOOVOH7OJDIU

»CFSTDISFJUFUEBFJOFIµIFSF4QBOOVOHEBT(FS£U

CFTDI£EJHFOLBOO





/BNF

.PEFMM

8FJUXJOLFM

4POEFSGVOLUJPO

#FUSJFCTUFNQFSBUVS

-BHFSUFNQFSBUVS

4USPNWFSTPSHVOH

5',BSUFOLBQB[JU£U

"VµTVOH

%"4)$".&3"

.*/*1SP

o

4QSBDITUFVFSVOH

4UFBMUI"O[FJHF

o$CJTo$o'CJTo'

o$CJTo$o'CJTo'

(#(#

7"

4USPNTDIOJUUTUFMMF 5ZQF$

v,'14

v,'14

v1



'14)%3

(SVOEMFHFOEF1BSBNFUFS

REC

.JLSPGPOBVGOBINFJTUFJOHFTDIBMUFU

5',BSUFJTUOJDIUWFSG»HCBS

8FOOEJF5',BSUFGPSNBUJFSUXFSEFONVTT

JTUEBT4ZNCPMSPU8£ISFOEEFS'PSNBUJFSVOH

XJSEFTXFJ

5',BSUFIBUXFOJHFSBMT(#

5',BSUFJTUOPSNBM

/PSNBMF7JEFPBVGOBINF

"VUPNBUJTDIF"CTDIBMUVOHJTUBLUJWJFSU

;FJUSBFSBVGOBINFJTUBLUJWJFSU

1BSL»CFSXBDIVOHJTUBLUJWJFSU%BT4ZNCPM

JTUCMBV

1BSL»CFSXBDIVOH;FJUSBFSBVGOBINFTJOE

CFJEFBLUJWJFSU

/PUGBMMWJEFPBVGOBINFNJUSPUFN

)JOUFSHSVOEG»S3&$

"VGOBINFHFTUPQQU

.JLSPGPOBVGOBINFJTUBVTHFTDIBMUFU

8J'JJTUBVT

΍8J'J4ZNCPM

Ύ.JLSPGPO"VGOBINFTZNCPM

Ώ5',BSUFOTZNCPM

(14FNQGBOHFO

,FJO(14FNQGBOHFO

ΐ4BUFMMJUFOTUBUVT4ZNCPM

Α"VGOBINFTUBUVT4ZNCPM

Β1BSLFJOTUFMMVOHFO4ZNCPM

REC













$POUFOUT

*UBMJBOP

'SBO¦BJT

&TQB°PM

&OHMJTI

傈劥铃

%FVUTDI



$FSUJDBUJPO

4DBOUIF23DPEFGPSUIFPOMJOF

VTFSNBOVBMBOEUIFMBOHVBHFT

CFMPXBSFTVQQPSUFE

&OHMJTI

傈劥铃

'SBO¦BJT &TQB°PM

%FVUTDI

1PSUVHV©T

5»SL¦F

ĿŖŜŌїřŝŨŖŌ

-JNCBSPN¡OÂ

ςϔϋϔϣιτ

5JʎOH7JʖU

'JMJQJOP

#BIBTB*OEPOFTJB

*UBMJBOP

ļşŝŝŖŔŕ

1PMTLJ

ଞ˲߭

*.1035"/58"3/*/(

1MFBTFVTFUIFPSJHJOBMDBSDIBSHFS64#DBCMFPS

)BSEXJSF,JUQSPWJEFEXJUIUIFEFWJDFUIF)BSEXJSF

,JUJTTPMETFQBSBUFMZ

*GVTJOHOPOPSJHJOBMBDDFTTPSJFTFOTVSFUIFPVUQVU

WPMUBHFEPFTOPUFYDFFE7BTIJHIFSWPMUBHFNBZ

EBNBHFUIFEFWJDF



岁

,"8""650

'PODUJPOTEFTCPVUPOT

T

UFJOESFMBDBN¨SBEF

UBCMFBVEFCPSE

%FVYGPJT

GPJT

6OFGPJT

"MMVNFS¨UFJOESF

MFOSFHJTUSFNFOUBVEJP

'PSNBUFSMBDBSUF5'

3¨JOJUJBMJTFSBVY

QBSBN§USFTEVTJOF

"MMVNFS¨UFJOESFMF8J'J

T

3FE¨NBSSFSMBDBN¨SB

EFUBCMFBVEFCPSE

1MVTEF

TFDPOEFT

GPJT

"MMVNFSMBDBN¨SBEF

UBCMFBVEFCPSE

0Q¨SFS

'PODUJPO

#PVUPOEFGPODUJPO

"QQVZF[$MJRVF[

TVSMFCPVUPO



*OTUBMMBUJPOEFM"11

5¨M¨DIBSHF[M"11,"8""650FO

TDBOOBOUMFDPEF23

0VWSF[M"11,"8""650DMJRVF[

TVSMFEBOTMFDPJOTVQ¨SJFVSESPJU

T¨MFDUJPOOF[,"8"%BTI$BN.*/*

1SPFUTVJWF[MFTJOTUSVDUJPOTEFM"11QPVSMVUJMJTFS



"TTVSF[WPVTEFDPOOFDUFSWPUSFU¨M¨QIPOFBVQPJOU

EBDD§T8J'JEFMBDBN¨SBFNCBSRV¨F

"QFS¦VEVQSPEVJU

-JTUFEFTDPMJT

7PZBOUMVNJOFVY

*OTUSVDUJPOTEFM¨DSBO

*OTUBMMBUJPOEFMBEBTIDBN























-&%

.JDSPQIPOF.*$

#PVUPOEFGPODUJPO

4VQQPSU

5SPVEFWFOUJMBUJPO

*OUFSGBDFEBMJNFOUBUJPO

&NQMBDFNFOUEFMBDBSUF5'

$BN¨SB

)BVUQBSMFVS

1BQJFSBEI¨TJGS¨TJTUBOU

MBDIBMFVS

  









'"22VFTUJPOTGS¨RVFNNFOUQPT¨FT

$BN¨SBEF

UBCMFBVEFCPSE

$¡CMF5ZQF$.BOVFMEVUJMJTBUFVS

$IBSHFVSEF

WPJUVSF

"VUPDPMMBOU

¨MFDUSPTUBUJRVF

*OT¨SF[MBDBSUF5' 3FUJSF[MBVUPDPMMBOU

¨MFDUSPTUBUJRVFFUDPMMF[MF

MFOESPJUTPVIBJU¨

3FUJSF[MBEI¨TJGEV

TVQQPSUEFMBDBN¨SBEF

UBCMFBVEFCPSE

$PMMF[MBDBN¨SBEF

UBCMFBVEFCPSETVS

MBVUPDPMMBOU¨MFDUSPTUBUJRVF

-FD¡CMFEBMJNFOUBUJPO

JOTUSVDUJPOTTVSMJNBHF

-BQMBRVFEFDPVWFSUVSF

QPTT§EFVOEFTJHO

BNPWJCMF

˙/PNEVQPJOUEBDD§T,"8"@.*/*1SP@9999



˙.PUEFQBTTFQBSE¨GBVU

3FNBSRVF

-FQSFNJFSFOSFHJTUSFNFOUO¨DFTTJUFVOF

DPOOFYJPOMBQQMJDBUJPO6OFGPJTMFOSFHJTUSFNFOU

4JVO71/FTUBDUJW¨WFVJMMF[MFE¨TBDUJWFSBWBOUEF

WPVTDPOOFDUFSMBDBN¨SBEFUBCMFBVEFCPSE

4JWPVTPVCMJF[MFNPUEFQBTTFBQQVZF[GPJTTVSMF

CPVUPOEFS¨JOJUJBMJTBUJPOQPVSSFTUBVSFSMFNPUEFQBTTF

QBSE¨GBVUQPVSMBDPOOFYJPO

(VJEFEVUJMJTBUJPOEFMBDBSUF5'

4Q¨DJDBUJPOT

˙1SFOEFODIBSHFEFTDBQBDJU¨TEF(P(PBWFD

VOFDMBTTFEFWJUFTTFPVTVQ¨SJFVSF

˙6UJMJTF[EFTDBSUFT5'HSBOEFWJUFTTFEFNBSRVFT

S¨QVU¨FT-FTDBSUFT5'EFNBVWBJTFRVBMJU¨QFVWFOU

FOUSBOFSEFTFOSFHJTUSFNFOUTWJE¨PBOPSNBVYPV

EFTE¨GBJMMBODFTEFMBDBSUF5'

˙'PSNBUF[MBDBSUFBVNPZFOEFMBDBN¨SBFNCBSRV¨F

BQS§TMBQSFNJ§SFJOTFSUJPO

˙4BVWFHBSEF[MFTEPOO¨FTJNQPSUBOUFTBVQS¨BMBCMFMF

GPSNBUBHFFBDFUPVUMFDPOUFOV

˙'PSNBUF[MBDBSUFNFOTVFMMFNFOUQPVSNBJOUFOJSTFT

QFSGPSNBODFTEFMFDUVSF¨DSJUVSF

˙WJUF[EJOT¨SFSPVEFSFUJSFSMBDBSUFMPSTRVFMBDBN¨SB

FNCBSRV¨FFTUTPVTUFOTJPO

˙3FNQMBDF[JNN¨EJBUFNFOUMBDBSUFTJFMMFSFODPOUSF

EFTFSSFVSTEFMFDUVSF¨DSJUVSFPVVOFDBQBDJU¨

BOPSNBMFEVFEFTS¨¨DSJUVSFTS¨Q¨U¨FT

&OUSFUJFOS¨HVMJFS

$POHVSBUJPOJOJUJBMF

%FTDSJQUJPOEFTGPODUJPOTJNQPSUBOUFT

&OSFHJTUSFNFOUFOCPVDMF-BWJE¨PMBQMVTBODJFOOF

TFSB¨DSBT¨FMPSTRVFMBDBSUF5'FTUQMFJOFBOEF

DPOUJOVFSMFOSFHJTUSFNFOUEFNBOJ§SFDPOUJOVF-B

EBOTMBQQMJDBUJPONJOVUFT

$BQUFVS(-PSTRVFMFW¨IJDVMFTVCJUVOFDPMMJTJPOFU

WJCSFMBDBN¨SBFNCBSRV¨FDPNNFODFSB

BVUPNBUJRVFNFOUVOFOSFHJTUSFNFOUWJE¨PEVSHFODF

FUWFSSPVJMMFSBMBWJE¨P

.PEFQBSLJOHLJUEFD¡CMBHFTVQQM¨NFOUBJSFSFRVJT

-PSTRVFMBDBN¨SBFNCBSRV¨FFTUDPOOFDU¨FBVLJU

EFD¡CMBHFFMMFQFSNFUVOFTVSWFJMMBODFEFQBSLJOH

I%BOTDFNPEFMBDBN¨SBE¨NBSSF

BVUPNBUJRVFNFOUMFOSFHJTUSFNFOUFUWFSSPVJMMFMB

WJE¨PMPSTRVVOFDPMMJTJPOFTUE¨UFDU¨F

$BSUF5'JODPNQBUJCMF3BQQFMEFGPSNBUFS

FNCBSRV¨FTVJWF[MFTJOEJDBUJPOTWPDBMFT3FNQMBDF[MB

DBSUF5'TJO¨DFTTBJSF

8*'*NPOUSFJOEJTQPOJCMFTVSMFU¨M¨QIPOF

1BTEFDPOOFYJPO*OUFSOFU

/FWPVTJORVJ¨UF[QBTEFDFNFTTBHFSFUPVSOF[

TJNQMFNFOUEBOTMBQQMJDBUJPOQPVSSFDPOOFDUFSMB

DBN¨SBFNCBSRV¨F

*NQPTTJCMFEFUSPVWFSMBWJE¨PFOSFHJTUS¨F

"DD¨EF[MBQQMJDBUJPOBMMF[EBOT"QFS¦VFOEJSFDU

"MCVNFUWJTVBMJTF[UPVUFTMFTWJE¨PT

-BDBN¨SBFNCBSRV¨FOFTFOSFHJTUSFQBT

3¨JOJUJBMJTF[MBDBN¨SBFNCBSRV¨FPVSFNQMBDF[MB

DBSUF5'

&OSFHJTUSFNFOUEVSHFODFGS¨RVFOU

"KVTUF[MBTFOTJCJMJU¨TFMPOWPTCFTPJOTPV

E¨TBDUJWF[MB

.PUEFQBTTFEVQPJOUEBDD§TNPEJ¨PVCMJ¨

"QQVZF[GPJTTVSMFCPVUPOEBMJNFOUBUJPOQPVS

S¨JOJUJBMJTFSFUMFNPUEFQBTTFQBSE¨GBVUTFSB

SFTUBVS¨

-BQQMJDBUJPOTFCMPRVFPVFTUMFOUF

WJUF[EVUJMJTFSMF8J'JEFMBDBN¨SBFNCBSRV¨F

EBOTEFTFOWJSPOOFNFOUTBWFDQMVTJFVSTBQQBSFJMT

PVEFTJOUFSG¨SFODFTEFTJHOBM

*NQPTTJCMFEFTFDPOOFDUFSMBDBN¨SBFNCBSRV¨F

7¨SJF[MFTBVUPSJTBUJPOTEFMBQQMJDBUJPO,"8""650

TVSWPUSFU¨M¨QIPOF4JO¨DFTTBJSFSFE¨NBSSF[

MBQQMJDBUJPOS¨JOJUJBMJTF[MBQQBSFJMFUS¨FTTBZF[MB

DPOOFYJPO

-BDBN¨SBFNCBSRV¨FOFGPODUJPOOFQBT

"MJNFOUF[MBQQBSFJMBWFD7 "7¨SJF[TJMF

DIBSHFVSEFWPJUVSFFUMJOUFSGBDFEBMJNFOUBUJPOEF

MBQQBSFJMGPODUJPOOFOUDPSSFDUFNFOU

5JNFMBQTFLJUEFD¡CMBHFTVQQM¨NFOUBJSFSFRVJT

"QS§TBWPJSDPSSFDUFNFOUDPOOFDU¨MFLJUEFD¡CMBHF

BDUJWF[DFUUFGPODUJPOOBMJU¨WJBMBQQMJDBUJPOQPVS

QFSNFUUSFVOFTVSWFJMMBODFDPOUJOVFI-BWJE¨P

EFNJOVUFTTFSBDPNQSFTT¨FFONJOVUFQPVS

¨DPOPNJTFSEFMFTQBDF

$PNNBOEF

1SFOETVOFQIPUP

#MPRVFMBWJE¨P

"DUJWFMFTPO

&UFJOTMFTPO

"DUJWFMF8JQPJOUEBDD§T

&UFJOTMF8JQPJOUEBDD§T

$POUS³MFWPDBM1FOEBOUMFGPODUJPOOFNFOUEFMB

DBN¨SBEFUBCMFBVEFCPSEJMTVUEFQSPOPODFSMB

DPNNBOEFWPDBMFQPVSE¨DMFODIFSMBGPODUJPO

DPSSFTQPOEBOUF

DSBO'VSUJG"DIFMFTJD³OFTDPSSFTQPOEBOUFTFO

GPODUJPOEFM¨UBUEFMBQQBSFJMQBSFYFNQMF

FOSFHJTUSFNFOUTVSWFJMMBODFEFTUBUJPOOFNFOU

DPOOFDUJWJU¨QPVSQFSNFUUSFBVYVUJMJTBUFVSTEFTBJTJS

SBQJEFNFOUM¨UBUEFGPODUJPOOFNFOUBDUVFM

˙-FTDPNNBOEFTWPDBMFTTVQQPSUFOUMBOHMBJTMF

KBQPOBJTMFGSBO¦BJTMFSVTTFMFUIB®MBOEBJTFUMF

WJFUOBNJFO1PVSMFTBVUSFTMBOHVFTWFVJMMF[VUJMJTFS

MFTDPNNBOEFTFOBOHMBJT

˙1PVSHBSBOUJSVOFFYQ¨SJFODFVUJMJTBUFVSPQUJNBMF

MFTDMJQTWJE¨PTPOUMJNJU¨TNJOVUFTMPSTEF

MFOSFHJTUSFNFOUBWFDVOFDBSUFN¨NPJSFEF(P

-BDBN¨SBFTUFOQBVTF

-BDBN¨SBFTUFODPVST

EFOSFHJTUSFNFOU

&SSFVSEFDBSUF5'

'PODUJPO

UBU

$MJHOPUFNFOU7FSU-FOU

$MJHOPUFNFOU7FSU3BQJEF

-¨DSBOT¨UFJOUBVUPNBUJRVFNFOUBQS§TTFDPOEFT

EJOBDUJWJU¨

-JD³OFEFWJFOUCMFVFMPSTRVFMBQQMJDBUJPO

BDD§EFMBEBTIDBN

7FSU'JYF

"7&35*44&.&/5*.1035"/5

7FVJMMF[VUJMJTFSMFDIBSHFVSEFWPJUVSFMFD¡CMF64#

PVMFLJUEFD¡CMBHFEPSJHJOFGPVSOJTBWFDMBQQBSFJM

MFLJUEFD¡CMBHFFTUWFOEVT¨QBS¨NFOU

4JWPVTVUJMJTF[EFTBDDFTTPJSFTOPOPSJHJOBVY

BTTVSF[WPVTRVFMBUFOTJPOEFTPSUJFOFE¨QBTTFQBT

7DBSVOFUFOTJPOQMVT¨MFW¨FQPVSSBJUFOEPNNBHFS

MBQQBSFJM





/PN

.PE§MF

(SBOEBOHMF

'PODUJPOTQ¨DJBMF

5FNQ¨SBUVSFEF

GPODUJPOOFNFOU

5FNQ¨SBUVSFEFTUPDLBHF

"MJNFOUBUJPO

$BQBDJU¨EFMBDBSUF5'

3¨TPMVUJPO

%"4)$".&3"

.*/*1SP

o

$POUS³MFWPDBM

DSBO'VSUJG

o$o$o'o'

o$o$o'o'

(#(#

7"

*OUFSGBDFEBMJNFOUBUJPO 5ZQF$

v,'14

v,'14

v1



'14)%3

1BSBN§USFTEFCBTF

REC

-FOSFHJTUSFNFOUEVNJDSPFTUBDUJW¨

-BDBSUF5'FTUJOEJTQPOJCMF

EFWJFOUSPVHF1FOEBOUMFGPSNBUBHFFMMF

EFWJFOUCMBODIF

-BDBSUF5'BVOFDBQBDJU¨JOG¨SJFVSF(P

-BDBSUF5'FTUOPSNBMF

&OSFHJTUSFNFOUEFWJE¨PTOPSNBMFT

-FOSFHJTUSFNFOUFOUJNFMBQTFFTUBDUJW¨

-BTVSWFJMMBODFEFTUBUJPOOFNFOUFTUBDUJW¨F

-JD³OFFTUCMFVF

-BTVSWFJMMBODFEFTUBUJPOOFNFOUFU

MFOSFHJTUSFNFOUFOUJNFMBQTFTPOUUPVT

EFVYBDUJW¨T

&OSFHJTUSFNFOUEVOFWJE¨PEVSHFODFBWFD

VOGPOESPVHFQPVS3&$

-FOSFHJTUSFNFOUEVNJDSPFTUE¨TBDUJW¨

-F8J'JFTUE¨TBDUJW¨

΍*D³OF8J'J

Ύ*D³OFEFOSFHJTUSFNFOUEVNJDSP

Ώ*D³OFEFMBDBSUF5'

(14BDRVJT

(14OPOBDRVJT

ΐ*D³OFE¨UBUEVTBUFMMJUF

Α*D³OFE¨UBUEFOSFHJTUSFNFOU

Β*D³OFEFTQBSBN§USFTEFTUBUJPOOFNFOU

REC



110 mm

B3FNPWFBOEJNNFEJBUFMZSFDZDMFPSEJTQPTFPGVTFE

CBUUFSJFTBDDPSEJOHUPMPDBMSFHVMBUJPOTBOELFFQ

BXBZGSPNDIJMESFO%P/05EJTQPTFPGCBUUFSJFTJO

IPVTFIPMEUSBTIPSJODJOFSBUF

C&WFOVTFECBUUFSJFTNBZDBVTFTFWFSFJOKVSZPSEFBUI

D$BMMBMPDBMQPJTPODPOUSPMDFOUFSGPSUSFBUNFOU

JOGPSNBUJPO

E5IFDPNQBUJCMFCBUUFSZUZQF.43

F5IFOPNJOBMCBUUFSZWPMUBHF7

G/POSFDIBSHFBCMFCBUUFSJFTBSFOPUUPCFSFDIBSHFE

H%POPUGPSDFEJTDIBSHFSFDIBSHFEJTBTTFNCMFIFBU

BCPWFNBOVGBDUVSFSTTQFDJFEUFNQFSBUVSFSBUJOH

PSJODJOFSBUF%PJOHTPNBZSFTVMUJOJOKVSZEVFUP

WFOUJOHMFBLBHFPSFYQMPTJPOSFTVMUJOHJODIFNJDBM

CVSOT

KAWA MINI 7 PRO Dash Camera Mini

Product's Documents

User Manual

Specifications

KAWA MINI 7 PRO Questions and Answers

Related Products

Kasa Smart PAN/TILT CAMERA Kasa Indoor Pan/Tilt Smart Security Camera, 1080p HD Dog Camera 2.4GHz

Kasa Smart SPOT CAMERA Security Camera for Baby monitor, 1080p HD Indoor Camera for Home Security

Kasa Smart KC100 Camera

Google KC200 Kasa Smart ( ) Outdoor Camera by TP-Link, 1080p HD Smart Home Security Camera

KD110 Kasa Smart Video Doorbell Camera Hardwired w/Chime, 2K Resolution, Always-on Power, Night Vision, 2-Way Audio, Real-Time Notification, Cloud & SD Card Storage, Works w/Alexa & Google Home

Kasa Smart EP10 Plug Mini Energy Monitoring, Smart Home Wi-Fi Outlet Works Alexa, Google Home & IFTTT, Wi-Fi Simple Setup, No Hub Required KP115, White – A Certified