Back to announcement
20250430_ADMF_Penyampaian Bukti Iklan_31879647_lamp2.pdf
Other Text extracted ADMFSource file signed link, expires in 15 minutes
Extracted text 3
Page 1
10 | INVESTOR DAILY – RABU 30 APRIL 2025
]6% #4.94+/0,2%O49,20=,-%C4<01,8*%),-%':8*8*%',8,+%i%@45,<,*%5,<*,-%),+*%!"#$7%#$>N%
!"#$%$&$'!(%'&$%)*(+(%
!"#$%&%&'#()*#$+','#()'#-'#$'#(!"#$$'.%#$'#('#/')'
),9,2%.4-*-</,2/,-%(,2,%O41:1,%'4+08,=,,-%;,-<%A,*/%),-%/4+,-</,%/4+B,%.,-,B4.4-%
!"#$% &% '(%!)*+,%"*-,.*/,%#012*%$*-,-34%(5/67%80,20%94+84+:,-% +*8*/:7% .4.,82*/,-% /49,20=,-% +4<01,8*% 84/,1*<08% .4.9:8*8*/,-% '4+08,=,,-% '4-4+*.,%
24+5,2,8% 24+50/,% ;,-<% )*)*+*/,-% 54+),8,+/,-% =0/0.% '4-<<,50-<,-%845,<,*%/4/0,2,-%24+)49,-%),1,.%*-)082+*%94.5*,;,,-%>-):-48*,6
!/2,%'4-<<,50-<,-%%
>-):-48*,%),-%54+/4)0)0/,-%)*%?,/,+2,%@41,2,-6
&%%!/2,% '4-<<,50-<,-% ;,-<% )*50,2% )*% =,),9,-% -:2,+*8% !/('0*)'(0*#'&*+'(&%1/*(2*#'#-"(/.+ 4,' /(%#((+'!(%'.$&$*-'1"%))(42%)(%'
5,' /(%#((+'1"%))(42%)(%'
0'#
),1,.% A,=,8,% >-):-48*,% ),-% /:-849% ,/2,% 24+84502%
=,+08% .4-),9,2/,-% 94+8420B0,-% CD'@EA% ),+*% ' /;FC;?DK:B'4:B>B'1;D:<TT:<'=:<'/;FC;?8K:9'*;I:=>?:<'1:B:?
.,8*-<F.,8*-<%'4+08,=,,-%'484+2,%'4-<<,50-<,-6
!/(&'#0'1'(&%1/*2*#'#-"(/.+
!-<<,+,-%",8,+% &% !-<<,+,-% ),8,+% 94+08,=,,-% 845,<,*.,-,% )*,20+% % '4-<<,50-<,-% *-*% .4-3*92,/,-% 9410,-<% 5,+0% 0-20/% .4.94+10,8% 5,8*8% 941,-<<,-% )4-<,-%
),1,.%DD%'4+84+:,-%(4+5,2,86 .4-</:-8:1*),8*/,-% ),2,% 941,-<<,-% ),+*% '4+08,=,,-% '484+2,% '4-<<,50-<,-6% "4-<,-%
A,-/%",-,.:-% &% '(% A,-/% ",-,.:-% >-):-48*,% (5/67% 80,20% 94+84+:,-% 5,8*8% ),2,% 941,-<<,-% ;,-<% 145*=% /:.9+4=4-8*H7% '4+08,=,,-% '4-4+*.,% '4-<<,50-<,-%
24+5,2,8% 24+50/,% ;,-<% )*)*+*/,-% 54+),8,+/,-% =0/0.% ),9,2%.4-*-</,2/,-%84<.4-2,8*%941,-<<,-7%.4-*-</,2/,-%94-,I,+,-%;,-<%)*94+8:-,1*8,8*7%
>-):-48*,%),-%54+/4)0)0/,-%)*%?,/,+2,%@41,2,-6 ),-% .4-<4.5,-</,-% 8:108*% 94.5*,;,,-% ;,-<% 145*=% 24+,+,=6% @41,*-% *207% 5,8*8% 941,-<<,-%
AG>%,2,0%A0+8,%GH4/%% &% '*=,/% ;,-<% .4-;414-<<,+,/,-% 94-,I,+,-% B0,1% ),-% A!R>% '>P!O% [!NR% AGCOG'GN(>NR!N% [!NR% #G#GCEDO!N% >N$QC#!@>% EGA>P% E!N?D(% #GNRGN!>% CGNa!N!% 'GNRR!ADNR!N% >N>7% #QPQN% DN(DO% #GNRPDADNR>% ;,-<% 145*=% 548,+% ),-% 145*=% 54+,<,.% .4.94+/0,2% /4=,)*+,-% .4+4/7% ;,-<% .4.0-</*-/,-%
541*% 4H4/% )4-<,-% 20B0,-% .4.94+),<,-</,-% 4H4/% 'GCD@!P!!N% 'G@GC(!% 'GNRR!ADNR!N% @G?!O% (!NRR!E% 'GNRD#D#!N% @!#'!>% (!NRR!E% CD'@% ">@GEGNRR!C!O!N% DN(DO% #G#'GCQEGP% C!Na!NR!N% '4+08,=,,-%'4-4+*.,%'4-<<,50-<,-%0-20/%.4.5,-<0-%9*B,/,-%;,-<%145*=%/0,2%)*%9,8,+F
845,<,*.,-,% )*.,/80)% 9,),% ',8,1% J% ,-</,% KLM% DD% 9,8,+%02,.,%84/,1*<08%.4.50/,%9410,-<%94-B0,1,-%8*1,-<%9U$<00*0#66.)+M%5,+06
'GNRR!ADNR!N%">%O!N(QC%'GCD@!P!!N%'G@GC(!%'GNRR!ADNR!N6
',8,+% #:),17% ;,-<% .,-,% ),1,.% =,1% *-*% ,),1,=% '(% % /;FR:<TK<'*;F>9?::<'4>B<>B'4:?K'=:<'1E9;<B>'1;?9KFRKI:<
A0+8,%GH4/%>-):-48*,7%54+):.*8*1*%)*%?,/,+2,%@41,2,-7%
,2,0%94-4+08%),-%94-4+*.,%=,/%),-%/4I,B*5,--;,6 % "4-<,-% .4-<<,50-</,-% B,+*-<,-% ),-% 80.54+% ),;,7% '4-<<,50-<,-% ,/,-% .4.94+10,8%
ANC>% &% A4+*2,%N4<,+,%C49051*/%>-):-48*,6 /4.*2+,,-% 5*8-*87% )4-<,-% .4.0-</*-/,-% '4+08,=,,-% '4-4+*.,% '4-<<,50-<,-% 0-20/%
"?'% &% "*+4/2:+,2% ?4-)4+,1% ',B,/7% O4.4-24+*,-% O40,-<,-% .4.,/8*.,1/,-% 8*-4+<*% ),-% .4.5,-<0-% 9410,-<% /:1,5:+,8*% 5,+06% G/:8*824.% /4.*2+,,-%
C49051*/%>-):-48*,6 ;,-<%)*94+/0,2%,/,-%.4-*-</,2/,-%/:-4/2*T*2,87%.4.H,8*1*2,8*%=050-<,-%5*8-*8%;,-<%8,1*-<%
P,+*%O4+B,% &% P,+*% K2*),/% 24+.,80/% =,+*% @,5207% #*-<<07% ),-% =,+*% .4-<0-20-</,-7%),-%.4-3*92,/,-%-*1,*%2,.5,=%5,<*%941,-<<,-%),-%94.,-</0%/494-2*-<,-6
1*50+%-,8*:-,1M%)*%.,-,%5,-/F5,-/%)*%>-):-48*,%9,),%
% /;<><T8:98:<'/:<:[;F;<'.>B>8E'K<9K8'4>B<>B'U:<T'A;R>I'+:<TTKI
0.0.-;,% 50/,% 0-20/% .41,/0/,-% 2+,-8,/8*% 5*8-*8%
94+5,-/,-%;,-<%-:+.,16 % '4-<<,50-<,-% *-*% .4-;,20/,-% /4+,-</,% /4+B,% .,-,B4.4-% +*8*/:% ;,-<% 8,1*-<% .414-</,9*7%
O?''% &% O,-2:+% ?,8,% '4-*1,*% '051*/% ;,-<% 24+3,2,2% 845,<,*% 1+'(!$.('!$%(/$*('/2A+$'#$%(%]"'+4* 1+'/(%!(A('/2A+$#$%(%]"'+4* ;,-<% .4.0-</*-/,-% 94-4+,9,-% 94-)4/,2,-% ;,-<% 145*=% /0,2% ),-% 24+82,-),+*8,8*% 24+=,),9%
9+:H48*%94-0-B,-<%9,8,+%.:),1%)*%Q?O6 4;?8;=K=K8:<'=>'J:8:?9:'&;D:9:< 4;?8;=K=K8:<'=>'J:8:?9:'1KB:9
.,-,B4.4-% 9:+2:H:1*:7% 94+8420B0,-% 9*-B,.,-7% ),-% 2,2,% /41:1,6% "4-<,-% .4-<*-24<+,8*/,-%
O''D%%% &%%O:.*8*%'4-<,I,8%'4+8,*-<,-%D8,=,6% O,-2:+%'08,2 O,-2:+%'08,2 9+,/2*/% 24+5,*/% ),+*% '4+08,=,,-% '484+2,% '4-<<,50-<,-7% '4+08,=,,-% '4-4+*.,%
#4-=0.% &% #4-24+*% P0/0.% C49051*/% >-):-48*,% K845410.-;,% #*114--*0.%a4-24--*,1%a4-24+%E,-2,*%]Z7%]YFYJ #,-),1,%$*-,-34%A0*1)*-< '4-<<,50-<,-% ),9,2% .4.*-*.,1/,-% +*8*/:% /40,-<,-7% .4-*-</,2/,-% /49,20=,-% 24+=,),9%
54+-,.,% #4-24+*% O4=,/*.,-% C49051*/% >-):-48*,% ?16%?4-)4+,1%@0)*+.,-%O,T6%U]% ?16%#4-24-<%C,;,%N:6%UL%!FA% SHUDWXUDQGDQPHPDVWLNDQSUR¿WDELOLWDV\DQJEHUNHODQMXWDQ
,2,0%#4-24+*%P0/0.%),-%P,/%!8,8*%#,-08*,%C49051*/% ?,/,+2,%@41,2,-%JU_UW ?,/,+2,%'08,2%JWZLW%
>-):-48*,M6 >-):-48*, >-):-48*, % /;F:8B>F:D8:<'+?:<B\;?'1;<T;9:IK:<'=:<'1;<T;FR:<T:<'*:?U:S:<
0),1 37 0DQGDOD 0XOWL¿QDQFH 7EN VXDWX SHUVHURDQ (4149:-%KlYU%UJM%Z_XZFZZUU (4149:-&%KlYU%UJM%U_U]%__]] % '4-<<,50-<,-% *-*% .4.H,8*1*2,8*% 2+,-8H4+% 94-<42,=0,-% ),-% 94-<4.5,-<,-% /424+,.9*1,-%
24+5,2,8% 24+50/,% ;,-<% )*)*+*/,-% 54+),8,+/,-% =0/0.% $,/8*.*1*&%KlYU%UJM%U__U%\UWW%V%\ZWW $,/8*.*1*&%KlYU%UJM%U_U]%__]W ;,-<% 54+=,+<,% ),1,.% :+<,-*8,8*7% .4-3*92,/,-% 9410,-<% 5,<*% /,+;,I,-% '4+08,=,,-%
>-):-48*,%),-%54+/4)0)0/,-%)*%?,/,+2,%'08,26 !1,.,2%8*208&%=2298&VVIII6,)*+,63:6*)V% $ODPDWVLWXV KWWSV PDQGDOD¿QDQFHFRP '484+2,% '4-<<,50-<,-% 0-20/% .4.94+10,8% /4,=1*,-% .4+4/,7% .4-*-</,2/,-% 9+:)0/2*T*2,87%
#D$R% &% #D$R%A,-/%E2)66% !1,.,2%80+,2%414/2+:-*/&% !1,.,2%80+,2%414/2+:-*/& GDQ PHQLQJNDWNDQ H¿VLHQVL RSHUDVLRQDO ,QWHJUDVL SUDNWLN WHUEDLN GDQ ZDZDVDQ LQGXVWUL
Q?O%,2,0%Q2:+*2,8%?,8,%O40,-<,-% &%%@0,20% 14.5,<,% ;,-<% *-)494-)4-% ),-% 545,8% ),+*% ,H63:+843m,)*+,63:6*) FRUVHF#PDQGDOD¿QDQFHFRP ),+*% '4+08,=,,-% '484+2,% '4-<<,50-<,-% .4.94+/0,2% /4.,.90,-% 24-,<,% /4+B,% 843,+,%
3,.90+% 2,-<,-% 9*=,/% 1,*-7% ;,-<% .4.90-;,*% H0-<8*7% /48410+0=,-7% .4.9:8*8*/,-% !"#$% 0-20/% /480/848,-% B,-</,% 9,-B,-<% )4-<,-% /:1,5:+,8*%
O4<*,2,-%D8,=,%D2,.,& O4<*,2,-%D8,=,%D2,.,&
20<,87% ),-% I4I4-,-<% 94-<,20+,-7% 94-<,I,8,-7% ;,-<%/0,2%)4-<,-%#$>N6
'4+08,=,,-%'4.5*,;,,- '4+08,=,,-%'4.5*,;,,-
94.4+*/8,,-7%),-%94-;*)*/,-%845,<,*.,-,%)*.,/80)%
9,),%0-),-<F0-),-<%24+/,*2%Q2:+*2,8%?,8,%O40,-<,-6% % 0HQJRSWLPDONDQ,QWHJUDVL&DEDQJXQWXN(¿VLHQVLGDQ-DQJNDXDQ\DQJ/HELK%HVDU
Q?O%>ONA% &% '4-<,I,8,-% Q?O% 9,),% O4<*,2,-% ?,8,% O40,-<,-% )*% C>NRO!@!N%C!Na!NR!N%'GNRR!ADNR!N%>N>%'GN(>NR%DN(DO%">'GCP!(>O!N%@GEDCDP%'G#!NROD%OG'GN(>NR!N%'GCD@!P!!N%'G@GC(!%'GNRR!ADNR!N7%!R!C% % >-24<+,8*% 3,5,-<F3,5,-<% 02,.,% ),+*% '4+08,=,,-% '484+2,% '4-<<,50-<,-% .4.5,-20%
@4/2:+% E4.5,<,% '4.5*,;,,-7% '4+08,=,,-% #:),1% '!C!% 'G#!NROD% OG'GN(>NR!N% #GNRG(!PD>% CGNa!N!% 'GNRR!ADNR!N% 'GCD@!P!!N% 'G@GC(!% 'GNRR!ADNR!N% AG@GC(!% OQN@GODGN@>N[!6% OPD@D@% A!R>% .4.94+2,=,-/,-% 1:/,8*% 82+,24<*87% .4.,82*/,-% 1,;,-,-% 54+/41,-B02,-% 0-20/% 84<.4-%
S4-20+,7%E4.5,<,%O40,-<,-%#*/+:7%),-%>-82*208*%?,8,% '!C!% 'G#GR!NR% @!P!#7% C>NRO!@!N% C!Na!NR!N% 'GNRR!ADNR!N% >N>% 'GN(>NR% DN(DO% ">'GCP!(>O!N% "!E!#% C!NRO!% 'GNR!#A>E!N% OG'D(D@!N% '!"!% CD'@% 941,-<<,-% ;,-<% 94-2*-<% ),-% /0+,-<% 24+1,;,-*% 8,.5*1% .4.94+2,=,-/,-% /4.,.90,-%
O40,-<,-%E,*--;,6% #!@>NRF#!@>NR%'GCD@!P!!N%'G@GC(!%'GNRR!ADNR!N%@GPDADNR!N%"GNR!N%CGNa!N!%'GNRR!ADNR!N%">#!N!%#$>N%!O!N%#GNRR!ADNRO!N%">C>%OG%"!E!#% ),-% 9:8*8*% 0-*/% #$>N% )*% >-):-48*,6% @41,*-% *207% '4-<<,50-<,-% .4.0-</*-/,-% 8*-4+<*% ),-%
Q?O%',8,+%#:),1%% &% Q?O%'4-<,I,8%',8,+%#:),17%O40,-<,-%"4+*T,2*H%),-% !"#$%@GA!R!>%'GCD@!P!!N%'GNGC>#!%'GNRR!ADNR!N6%@G(GE!P%CGNa!N!%'GNRR!ADNR!N%@GEG@!>7%#!O!%!"#$%[!NR%!O!N%#GE!N?D(O!N%D@!P!%@GA!R!>% :92*.,1*8,8*% *-H+,82+0/20+% 24/-:1:<*% *-H:+.,8*% ),-% 80.54+% ),;,% :94+,8*:-,17% .4-*-</,2/,-%
A0+8,%O,+5:-6% 'GCD@!P!!N%'GNGC>#!%'GNRR!ADNR!N%"!N%#$>N%!O!N%AGC!OP>C%"G#>%PDOD#%@GA!R!>%!O>A!(%"!C>%'GNRR!ADNR!N6 H¿VLHQVLELD\DGDQSHPEHULDQOD\DQDQGLVHOXUXKMDULQJDQFDEDQJ
'4-),9,2%O4I,B,+,-% &%%'4-),9,2% /4I,B,+,-% ;,-<% )*50,2% :14=% O?''% ),1,.%
+,-</,% .4.54+*/,-% <,.5,+,-% .4-<4-,*% /4I,B,+,-% % /;FC;?8K:9'J:?><T:<'(T;<'K<9K8'*><;?[:'=:<']:8KC:<'U:<T'A;R>I'+><TT>
'4-<<,50-<,-% ),+*% ,894/% /40,-<,-% ),-% 0-20/% C>NRO!@!N% C!Na!NR!N% 'GNRR!ADNR!N% >N>% ">@D@DN% @Ga!C!% AGC@!#!F@!#!% QEGP% ">CGO@>% 'GCD@!P!!N% 'G@GC(!% 'GNRR!ADNR!N7% "!N% (GE!P% ">@G(D?D>% % "4-<,-%.4-<*-24<+,8*/,-%B,+*-<,-%,<4-%'4+08,=,,-%'484+2,%'4-<<,50-<,-7%'4-<<,50-<,-%
.4.,20=*% /424-20,-% ;,-<% 54+1,/0% ;,*20% 'Q?O% QEGP% "G`!N% OQ#>@!C>@% #!@>NRF#!@>NR% 'GCD@!P!!N% 'G@GC(!% 'GNRR!ADNR!N% '!"!% (!NRR!E% U\% !'C>E% UWU]7% N!#DN% AGED#% #G#'GCQEGP% 'GCN[!(!!N% .4-*-</,2/,-% B,-</,0,-% 941,-<<,-7% .4.94+10,8% 3,/09,-% 9,8,+7% ),-% .4-):+:-<% /*-4+B,%
LUVUWUW%),-%'Q?O%XLVUWJY6% G$GO(>$% 'GNRR!ADNR!N% "!C>% Q?O% '!@!C% #Q"!E7% 'GC@G(D?D!N% 'GNRR!ADNR!N% "!C>% Q?O% >ONA7% "!N% 'GC@G(D?D!N% CD'@% #!@>NRF#!@>NR% 'GCD@!P!!N% ;,-<% 145*=% 2*-<<*% ),1,.% 94-;,10+,-% 9*-B,.,-6% >-*8*,2*H% 2+,-8H4+% 94-<42,=0,-% ,/,-% 145*=%
'4-<<,50-<,-%%% &%%'4-<<,50-<,-% ,-2,+,% !"#$% ),-% #$>N7% )*.,-,% 'G@GC(!%'GNRR!ADNR!N6 .4-*-</,2/,-% /4,=1*,-% ),-% 9+:)0/2*T*2,8% ,<4-7% .4.,82*/,-% 5,=I,% '4+08,=,,-% '4-4+*.,%
!"#$%845,<,*%'4+08,=,,-%'4-4+*.,%'4-<<,50-<,-% 3HQJJDEXQJDQ PHPSHUWDKDQNDQ WHQDJD SHQMXDODQ \DQJ NXDW H¿VLHQ GDQ GLSHUOHQJNDSL
),-%#$>N%845,<,*%'4+08,=,,-%;,-<%#4-<<,50-</,-% )4-<,-%5,*/%0-20/%.4.4-0=*%94+.*-2,,-%9,8,+6
"*+*6% "!E!#% C!NRO!% #G#GNDP>% 'GC!(DC!N% Q?O% NQ6% ZW% (!PDN% UWUL% (GN(!NR% OQNREQ#GC!@>% OGD!NR!N% "!N% 'GCD@!P!!N% >N"DO% OQNREQ#GC!@>% OGD!NR!N%
'4+,20+,-%AG>%N:6%>FR% &% O490208,-% "*+4/8*% AG>% N:6% O49FWWJVAG?VWJVUWWW% Kb1-J*'NHP@H@MQM7%'(%A!NO%"!N!#QN%>N"QNG@>!%(AO6%Kb4(%*'!(%(/-%cM%#GNGC>#!%'GNDN?DO!N%@GA!R!>%'GCD@!P!!N%>N"DO%OQNREQ#GC!@>%OGD!NR!N%Kb1$**cM% @,' 1-+"%&$'.$&$*-'(+(&'1"%))(42%)(%'!(%'/$+$)(&$'
24-2,-<% '4+,20+,-% 94-3,2,2,-% GH4/% N:6% >FR% 24-2,-<% Q'GC!@>QN!E%RCD'%#D$R%">%>N"QNG@>!%"!C>%'G#GR!NR%@!P!#%'GNRGN"!E>6%@GPDADNR!N%"GNR!N%P!E%(GC@GAD(7%'GNRR!ADNR!N%!N(!C!%'(%!">C!%#DE(>%
' .>B>8E'-C;?:B>E<:D
'4-<<,50-<,-%D8,=,%,2,0%'41450+,-%D8,=,6 $>N!NaG%(AO6%Kb(!/#cM%"!N%'(%#!N"!E!%#DE(>$>N!NaG%(AO6%Kb/#$%cM%#GN?!">%A!R>!N%"!C>%"!N%@!(D%OG@!(D!N%"!C>%'CQ@G@%'G#AGN(DO!N%'>OO%Q'GC!@>QN!E%
'4+,20+,-%O''D%ZVUWUZ%% &%%'4+,20+,-% O''D% N:6% Z% (,=0-% UWUZ% 24-2,-<% RCD'%#D$R%@G@D!>%'Q?O%ZWVUWUL6 % '4-<<,50-<,-% .4.4+10/,-% 94-;41,+,8,-% ),-% *-24<+,8*% 9+:848% :94+,8*:-,17% 8*824.%
'4-*1,*,-% (4+=,),9% '4-<<,50-<,-7% '41450+,-7%!2,0% 24/-:1:<*%*-H:+.,8*7%),-%H0-<8*%80.54+%),;,%.,-08*,%0-20/%.4.,82*/,-%/41,-3,+,-%:94+,8*%
'4-<,.5*1,1*=,-% @,=,.% ",-V,2,0% !842% [,-<% ",9,2% 94.5*,;,,-%;,-<%24+08%.41,;,-*%-,8,5,=%),-%94.,-</0%/494-2*-<,-%84/,1*<08%.4.,20=*%
C>NRO!@!N% C!Na!NR!N% 'GNRR!ADNR!N% >N>% ">@D@DN% "!E!#% C!NRO!% #G#!(DP>% "!N% #G#GNDP>% OG(GN(D!N% DN"!NRFDN"!NR% NQ6% LW% (!PDN% UWWX% (GN(!NR% 94+8;,+,2,-% 94+,20+,-7% 5,*/% 841,.,% .,8,% 2+,-8*8*% .,090-% 9,83,% '4-<<,50-<,-6% ?*/,%
#4-<,/*5,2/,-%(4+B,)*-;,%'+,/2*/%#:-:9:1*%",-V,2,0%
'4+8,*-<,-%D8,=,%(*),/%@4=,26% 'GC@GCQ!N% (GCA!(!@% K@GA!R!>#!N!% ">DA!P% "!C>% `!O(D% OG% `!O(DM7% 'GC!(DC!N% 'G#GC>N(!P% NQ6% UX% (!PDN% J__\% (GN(!NR% 'GNRR!ADNR!N7% 'GEGADC!N7% )*/41:1,% 843,+,% 4H4/2*H7% '4-<<,50-<,-% ,/,-% .4-<=,)*+/,-% 9410,-<% 0-20/% .4-*-</,2/,-%
'4+08,=,,-%'4-4+*.,%'4-<<,50-<,-% &% '4+84+:,-% 24+5,2,8% ;,-<% 9,),% 8,,2% (,-<<,1% GH4/2*H% "!N%'GNR!#A>E!E>P!N%'GC@GCQ!N%(GCA!(!@7%'GC!(DC!N%Q?O%NQ6%XLV'Q?O6WLVUWJY%(GN(!NR%'GNRR!ADNR!N%D@!P!%!(!D%'G#ADA!C!N%D@!P!%'GCD@!P!!N% 82+,24<*7% .4-;4.90+-,/,-% .:)41% 5*8-*87% ),-% .4.94+10,8% 9,-<8,% 9,8,+6% N,.0-7%
'4-<<,50-<,-%,/,-%242,9%54+)*+*%845,<,*%94+08,=,,-% (GCADO!7%"!N%'GC!(DC!N%Q?O%NQ6%LXV'Q?O6W]VUWUW%(GN(!NR%'GC>e>N!N%D@!P!%"!N%OGEG#A!R!!N%'GCD@!P!!N%'G#A>![!!N%"!N%'GCD@!P!!N%'G#A>![!!N% 94-<41:1,,-%;,-<%2*),/%.4.,),*%),9,2%.4-*.501/,-%+*8*/:%:94+,8*:-,17%24+.,80/%<,-<<0,-%
94-4+*.,% '4-<<,50-<,-7% ;,-<% ),1,.% =,1% *-*% ,),1,=% @[!C>!P%K@GA!R!>#!N!%">DA!P%"!C>%`!O(D%OG%`!O(DM6 9,),%8*824.%24/-:1:<*%*-H:+.,8*7%<,-<<0,-%9,),%9+:848%),-%),2,7%2,-2,-<,-%80.54+%),;,%
!"#$6 .,-08*,7%),-%94-*-</,2,-%9,9,+,-%24+=,),9%/4+4-2,-,-%4/824+-,1%8494+2*%+*8*/:%9*=,/%/42*<,%
'4+08,=,,-%'484+2,%'4-<<,50-<,-%% &%%!"#$%),-%#$>N6% 'GNRR!ADNR!N% !O!N% ">E!ODO!N% "GNR!N% #G#'GCP!(>O!N% OG'GN(>NR!N% #!@>NRF#!@>NR% 'GCD@!P!!N% 'G@GC(!% 'GNRR!ADNR!N7% #!@[!C!O!(7% "!N% 9V#)-<$:7%;,-<%84.0,-;,%),9,2%.4.4-<,+0=*%/454+=,8*1,-%'4-<<,50-<,-6
'4+08,=,,-%[,-<%#4-<<,50-</,-%"*+*%%&%%'4+84+:,-%24+5,2,8%;,-<%,/,-%54+,/=*+%/,+4-,%=0/0.% 'GC@!>NR!N% D@!P!%[!NR% @GP!(% "!E!#% #GE!ODO!N% D@!P!7% @GC(!% #GN?!#>N%(G(!'%(GC'GNDP>N[!% P!O% 'G#GR!NR% @!P!#% "!N% O!C[!`!N% @G@D!>% "GNR!N% % D-20/% .4.*2*<,8*% +*8*/:% *-*7% '4+08,=,,-% '484+2,% '4-<<,50-<,-% =,+08% .4.5,-<0-% ),-%
845,<,*%,/*5,2%),+*%'4-<<,50-<,-7%;,-<%),1,.%=,1%*-*%
OG(GN(D!N%PDOD#%"!N%'GC!(DC!N%'GCDN"!NRFDN"!NR!N%[!NR%AGCE!OD6 .4-<:92*.,1/,-% 09,;,% 8*-4+<*% 0-20/% .4-<,-2*8*9,8*% ),-% .4.*-*.,1/,-% <,-<<0,-% 9,),%
,),1,=%#$>N6%
'#OF\J% &% '4+,20+,-% #4-24+*% O40,-<,-% N:6% \J% (,=0-% UWUL% 1,;,-,-% -,8,5,=7% /41,-<80-<,-% 5*8-*87% ),-% :94+,8*% 84/,1*<08% .4.,82*/,-% /49,20=,-%
24-2,-<% O424-20,-% '4+9,B,/,-% ",1,.% C,-</,% 24+=,),9% Q?O% ),-% :2:+*2,8% +4<01,8*% 1,*--;,6% @45,<,*% 5,<*,-% ),+*% 09,;,% *-*7% '4+08,=,,-%
A!(!@% `!O(D% A!R>% OCG">(QC% 'GCD@!P!!N% 'G@GC(!% 'GNRR!ADNR!N% DN(DO% #GNR!?DO!N% OGAGC!(!N% AGC"!@!CO!N% '!@!E% JUX% ![!(% KLM% DD% 'GC@GCQ!N%
'41,/8,-,,-%@*824.%>-2*%!).*-*82+,8*%'4+9,B,/,-6 '484+2,% '4-<<,50-<,-% 241,=% .4.54-20/% D);#+$';.<)% 0DQDJHPHQW 2I¿FH% Kb$/-cM7% ;,-<%
(GCA!(!@% !"!E!P% "!E!#% ?!NRO!% `!O(D% JL% P!C>% O!EGN"GC% @G?!O% ">D#D#O!NN[!% C>NRO!@!N% C!Na!NR!N% 'GNRR!ADNR!N% >N>7% [!>(D% @!#'!>% "GNR!N% EHUWDQJJXQJ MDZDE XQWXN PHQJLGHQWL¿NDVL DUHD LQWHJUDVL XWDPD PHULQFL DNWLYLWDV LQWHJUDVL
'>OO% &% '4+08,=,,-% >-)0/% O:-<1:.4+,8*% O40,-<,-% 'DODE%JX6WW%`>A%(!NRR!E%JL%#G>%UWU]6%!'!A>E!%@!#'!>%"GNR!N%(!NRR!E%(GC@GAD(7%OCG">(QC%#!@>NRF#!@>NR%'GCD@!P!!N%'G@GC(!%'GNRR!ADNR!N%(>"!O%
845,<,*.,-,%)*.,/80)%),1,.%'Q?O%ZWVUWUL6 )4-<,-%2,-<<0-<%B,I,5%),-%24-<<,2%I,/20%;,-<%)*242,9/,-7%),-%.4-<,I,8*%941,/8,-,,--;,%
#GNR!?DO!N%OGAGC!(!N7%#!O!%OCG">(QC%(GC@GAD(%">!NRR!'%(GE!P%#GN[G(D?D>%'GNRR!ADNR!N6 843,+,%,/0+,27%.4-;410+0=7%),-%249,2%I,/206%@41,*-%*207%2*.%24+84502%54+20<,8%.4.*-*.,1/,-%
'Q?O%UXVUWJY% &% '4+,20+,-% Q?O% N:6% UXV'Q?O6WZVUWJY% 24-2,-<%
'4-*1,*,-% O4.,.90,-% ",-% O49,202,-% A,<*% '*=,/% 5*,;,%),-%+*8*/:%;,-<%24+/,*2%)4-<,-%9+:848%*-24<+,8*%),1,.%+,-</,%'4-<<,50-<,-6
D2,.,%E4.5,<,%?,8,%O40,-<,-6 ">CGO@>%"!N%"G`!N%OQ#>@!C>@%'GCD@!P!!N%'G@GC(!%'GNRR!ADNR!N%AGC(!NRRDNR%?!`!A%@G'GNDPN[!%!(!@%OGAGN!C!N%@GEDCDP%>N$QC#!@>%!(!D%$!O(!% ' .>B>8E'.;CK9:B>
'Q?O%XLVUWJY% &% '4+,20+,-% Q?O% N:6% XLV'Q?O6WLVUWJY% 24-2,-<% #!(GC>!E%[!NR%">#D!(%"!E!#%CGNa!N!%'GNRR!ADNR!N%>N>%"!N%#GNGR!@O!N%A!P`!%@G'!N?!NR%'GNRG(!PD!N%">CGO@>%"!N%"G`!N%OQ#>@!C>@%'GCD@!P!!N%
'4-<<,50-<,-% D8,=,% !2,0% '41450+,-% D8,=,% 'G@GC(!%'GNRR!ADNR!N7%@G(GE!P%#GE!ODO!N%'G#GC>O@!!N%[!NR%@GO@!#!7%(>"!O%(GC"!'!(%>N$QC#!@>%!(!D%$!O(!%#!(GC>!E%CGEGS!N%[!NR%">OG#DO!O!N% % '+:848% '4-<<,50-<,-% 54+9:24-8*% .4-*.501/,-% +*8*/:% +4902,8*% B*/,% 2*),/% )*/:.0-*/,8*/,-%
'4+08,=,,-% (4+50/,% 845,<,*.,-,% )*05,=% 845,<*,-% [!NR% #GN[GA!AO!N% >N$QC#!@>%!(!D% $!O(!% #!(GC>!E% @GA!R!>#!N!% ">DNRO!'O!N% "!E!#% C>NRO!@!N% C!Na!NR!N% 'GNRR!ADNR!N% >N>% (>"!O%!ODC!(%!(!D% )4-<,-%B41,8%),-%)*/41:1,%843,+,%82+,24<*86%O0+,-<-;,%2+,-89,+,-8*%),-%94+4-3,-,,-%),9,2%
)4-<,-% '4+,20+,-% Q?O% N:6% ]\V'Q?O6WLVUWJX% .4-;45,5/,-% /42*),/9,82*,-% )*% ,-2,+,% 9,+,% 94.,-</0% /494-2*-<,-7% 24+.,80/% 941,-<<,-7%
#GN[G@!(O!N6
24-2,-<% '4-;,.9,*,-% '4+-;,2,,-% '4-),H2,+,-% !2,0% .*2+,% 5*8-*87% +4<01,2:+7% ),-% /,+;,I,-6% O42*),/9,82*,-% *-*% ),9,2% .4-0+0-/,-% /494+3,;,,-%
'4-<,B0,-%!/8*%O:+9:+,8*%@43,+,%G14/2+:-*/6% 9,),% '4+08,=,,-% '484+2,% '4-<<,50-<,-7% ;,-<% 54+9:24-8*% .4-<,/*5,2/,-% 94-<0+,-<,-%
'Q?O%J]VUWUW% &% '4+,20+,-% Q?O% N:6% J]V'Q?O6WLVUWUW% 24-2,-<% ?>O!% !N"!% #GNR!E!#>% OG@DE>(!N% DN(DO% #G#!P!#>% C>NRO!@!N% C!Na!NR!N% 'GNRR!ADNR!N% >N>% !(!D% C!RDFC!RD% "!E!#% #GNR!#A>E% OG'D(D@!N7% !N"!% 941,-<<,-7% .414.,=-;,% =050-<,-% )4-<,-% .*2+,% 5*8-*87% ),-% .4-*-</,2-;,% 94-<,I,8,-%
C4-3,-,% ",-% '4-;414-<<,+,,-% C,9,2% D.0.% ">!N?DCO!N%DN(DO%AGCOQN@DE(!@>%"GNR!N%'GN!@>P!(%'CQ$G@>QN!E6 +4<01,8*6% @41,*-% *207% /4/=,I,2*+,-% ,2,8% /41,-<80-<,-% 1,;,-,-7% 2,-2,-<,-% *-24<+,8*7% ),-%
'4.4<,-<%@,=,.%'4+08,=,,-%(4+50/,6% /42*),/82,5*1,-%;,-<%)*+,8,/,-%),9,2%.4.4-<,+0=*%9:8*8*%9,8,+%),-%94+8498*%.4+4/%K,$')-M%
'Q?O%Z]VUWUW% &% '4+,20+,-% Q?O% N:6% Z]V'Q?O6WLVUWUW% 24-2,-<% C>NRO!@!N%C!Na!NR!N%'GNRR!ADNR!N%>N>%">(GCA>(O!N%'!"!%(!NRR!E%ZW%!'C>E%UWU]6 '4+08,=,,-%'484+2,%'4-<<,50-<,-6
'4-*1,*,-%),-%'4-;,B*,-%E,9:+,-%'4-*1,*,-%D8,=,%)*% % D-20/%.4-<0+,-<*%+*8*/:%*-*7%'4+08,=,,-%'484+2,%'4-<<,50-<,-%,/,-%.4-4+,9/,-%82+,24<*%
',8,+%#:),16 /:.0-*/,8*% 24+/::+)*-,8*% 0-20/% 843,+,% 9+:,/2*H% .4-<*-H:+.,8*/,-% 84.0,% 94.,-</0%
'Q?O%LUVUWUW% &% '4+,20+,-% Q?O% N:6% LUV'Q?O6WLVUWUW% 24-2,-<% % "4I,-%O:.*8,+*8 %>D:>'%EF><:D'G'$!.'VH'C;?'B:I:F /494-2*-<,-%24-2,-<%'4-<<,50-<,-6%P,1%*-*%24+.,80/%.4.,82*/,-%5,=I,%941,-<<,-7%.*2+,%
7UDQVDNVL $¿OLDVL GDQ 7UDQVDNVL %HQWXUDQ 5*8-*87% ),-% +4<01,2:+% .4-4+*.,% *-H:+.,8*% ;,-<% 249,2% I,/20% ),-% ,/0+,2% .4-<4-,*% .,-H,,2%
O494-2*-<,-6% %E, 1EB>B> %:F: !;B8?>CB> JKFD:I'&:I:F JKFD:I'%>D:>' L '4-<<,50-<,-7% /=0808-;,% 5,<,*.,-,% '4-<<,50-<,-% ,/,-% .4-*-</,2/,-% 1,;,-,-%
'Q?O%LXVUWUW% &% '4+,20+,-% Q?O% N:6% LXV'Q?O6W]VUWUW% 24-2,-<% J O:.*8,+*8%D2,., ",*80/4%GB*.,% %EF><:D 941,-<<,-%),-%/4.,.90,-%:94+,8*:-,16%#,-H,,2%*-*%.4-3,/09%94+10,8,-%B,-</,0,-%8:108*%
'4+*^*-,-% D8,=,% ",-% O414.5,<,,-% '4+08,=,,-% /E=:D'!:B:? W,HHH,HHH,HHH MHH,HHH,HHH,HHH 94.5*,;,,-7% ,/848*5*1*2,8% ;,-<% 145*=% 548,+% .41,10*% 80.54+% ),;,% <,50-<,-7% ),-% /4/0,2,-%
U O:.*8,+*8%>-)494-)4- O+*8-,%`*B,;,%
'4.5*,;,,-% ",-% '4+08,=,,-% '4.5*,;,,-% @;,+*,=7% ¿QDQVLDO$'0)VHEDJDL3HUXVDKDDQ3HQHULPD3HQJJDEXQJDQ'HQJDQPHQMDJDNRPXQLNDVL
845,<,*.,-,% 241,=% )*05,=% 845,<*,-% )4-<,-% 'Q?O% Z O:.*8,+*8%>-)494-)4- #,-<<*%(,+0-,%P,5*+ /E=:D'!>B;9E?'=:<'!>9;FC:98:<
;,-<% 2+,-89,+,-% ),-% /:-8*824-7% '4+08,=,,-% '484+2,% '4-<<,50-<,-% 54+.,/80)% 0-20/%
LYVUWUL6% L O:.*8,+*8% a:-<8*-%a:-<3,+ F% #D$R L6LYU6_\_6_YU UUZ6JL_6L_\6JWW \_7UY .4.94+/0,2%/494+3,;,,-%94.,-</0%/494-2*-<,-7%.4.,82*/,-%2+,-8*8*%;,-<%1,-3,+%)4-<,-%
'Q?O%ZWVUWUL% &% '4+,20+,-% Q?O% N:6% ZW% (,=0-% UWUL% 24-2,-<% ] O:.*8,+*8% P:-<<:%`*)B:B:%O,-<.,82:d F% !"#$ ]WW6WUY6]L\ U]6WWJ6ZUX6LWW JW 242,9%.4-B,<,%/494+3,;,,-%),-%1:;,1*2,86
O:-<1:.4+,8*% O40,-<,-% ),-% '4+08,=,,-% >-)0/%
O:-<1:.4+,8*%O40,-<,-6 % !>?#(;.?* /#)@',';* 0#;#6'1* /#)-'&';(')* &#$0#;%@%')* %@.* (#&';%;')* -')* (#6'5'(')* -'$.* F% #,8;,+,/,2d ZY6_\Z6L_W J6\L_6JXL7]WW W7XL % .>B>8E'&9?:9;T>B
'Q?O%LYVUWUL% &% '4+,20+,-% Q?O% N:6% LY% (,=0-% UWUL% 24-2,-<% ABC= +E9:D'/E=:D'!>B;9E?'=:<'!>9;FC:98:< V,HHH,HHH,HHH @VH,HHH,HHH,HHH 5HH % C*8*/:% 82+,24<*8% .0-301% ),+*% H:+.01,8*% ,2,0% 941,/8,-,,-% 82+,24<*% ;,-<% 2*),/% 4H4/2*H7% ;,-<%
'4-<4.5,-<,-% ",-% '4-<0,2,-% '4+08,=,,-% .4-;45,5/,-%9:24-8*%/4+0<*,-%5,<*%!"#$6%C*8*/:%82+,24<*8%),9,2%24+B,)*%B*/,%9+:848%*-24<+,8*%
R,' !;S:<'1;<T:S:B'&U:?>:I' &:I:F'!:D:F'1E?9;C;D N,HHH,HHH,HHH 5VH,HHH,HHH,HHH
'4.5*,;,,-7% '4+08,=,,-% '4.5*,;,,-% >-H+,82+0/20+7% % 2*),/%54+B,1,-%8480,*%+4-3,-,6%P,1%*-*%),9,2%.4-3,/09%/424+1,.5,2,-%),1,.%.41,/8,-,/,-%
",-%'4+08,=,,-%#:),1%S4-20+,6 % A4+),8,+/,-% !/2,% N:6% __VUWUL7% 8080-,-% "4I,-% '4-<,I,8% @;,+*,=% !"#$% ,),1,=% * !"#$%&'(')* +',%)+')* -'$.* &'$'* &#/#+')+* 0'1'/* "4DE* 5')+* /#/&%)5'.* (#&#/.6.(')* 8*-4+<*7% /42*),/841,+,8,-% 82+,24<*% 5*8-*8% 9,83,% '4-<<,50-<,-7% ,2,0% 94-0+0-,-% /*-4+B,%
''%UXVJ__\%% &% '4+,20+,-% '4.4+*-2,=% N:6% UX% (,=0-% J__\% 24-2,-<% 845,<,*%54+*/02& 0'1'/* (%$')+* -'$.* 78* 96./'* &#$0#):* -'$.* (#0#6%$%1')* 0'1'/* 5')+* ;#6'1* -.;#/&';(')* -')* !"#$%843,+,%/48410+0=,-%84241,=%*-24<+,8*6%?*/,%2*),/%)*/41:1,%)4-<,-%5,*/7%+*8*/:%*-*%),9,2%
'4-<<,50-<,-7% '41450+,-7% ),-% '4-<,.5*1,1*=,-% -.0#;<$*&#)%1*-.*"4DE= PHOHPDKNDQSRVLVLNRPSHWLWLI$'0)PHQJKDPEDWH¿VLHQVLRSHUDVLRQDOGDQPHPHQJDUXKL
'4+84+:,-%(4+5,2,86 %E, 1EB>B> %:F:
N,' 1"%)2.2&(%'!(%'1"%)(6(&(% /*-4+B,%/40,-<,-7%;,-<%9,),%,/=*+-;,%.4-<=,.5,2%'4-<<,50-<,-%.4-3,9,*%20B0,-%;,-<%
''%]XVUWJW% &% '4+,20+,-% '4.4+*-2,=% N:6% ]X% (,=0-% UWJW% 24-2,-<% J O420, $,2=0++,=.,-%"B,.*1 )*.,/80)/,-6
'4-<<,50-<,-% !2,0% '41450+,-% A,),-% D8,=,% ),-% :,' (<TTE9:'!>?;8B>'=:<'!;S:<'*EF>B:?>B
'4-<,.5*1,1*=,-% @,=,.% '4+08,=,,-% ;,-<% ",9,2% U !-<<:2, N::+%!=.,) % D-20/%.4-<0+,-<*%+*8*/:%82+,24<*8%),-%.4.,82*/,-%5,=I,%'4-<<,50-<,-%24+84502%84B,1,-%
#4-<,/*5,2/,-% (4+B,)*-;,% '+,/2*/% #:-:9:1*% ),-% Z !-<<:2, C*-*%$,2.,%O,+2*/, % A4+),8,+/,-% K*M% !/2,% A4+*2,% !3,+,% C,9,2% D.0.% '4.4<,-<% @,=,.% E0,+% A*,8,% N:6% )4-<,-%,+,=%5*8-*8%B,-</,%9,-B,-<%94+08,=,,-7%!"#$%.4-4+,9/,-%94-)4/,2,-%24+82+0/20+%
'4+8,*-<,-%D8,=,%(*),/%@4=,26 JL% 2,-<<,1% JZ% $45+0,+*% UWUL7% )*50,2% )*% =,),9,-% E4:1*-% ?,;,;,-2*7% @6P67% #6P6% N:2,+*8% 24+=,),9%.,-,B4.4-%+*8*/:%82+,24<*87%24+.,80/&
''%ZLVUWJY% &% '4+,20+,-% '4.4+*-2,=% N:6% ZL% (,=0-% UWJY% 24-2,-<% M,' *")$(+(%'2&(3(' )*% ?,/,+2,7% ),-% K**M%!/2,% '4+-;,2,,-% O490208,-% C,9,2% D.0.% '4.4<,-<% @,=,.% E0,+%
A*,8,% N:6% LJ% 2,-<<,1% U]% @4924.54+% UWUL7% )*50,2% )*% =,),9,-% E4:1*-% ?,;,;,-2*7% @6P67% J6% '4+4-3,-,,-%O:.9+4=4-8*H%),-%O:.0-*/,8*%;,-<%?41,8%i%#4-<4.5,-</,-%942,%B,1,-%
',B,/%'4-<=,8*1,-%,2,8%'4-<=,8*1,-%),+*%'4-<,1*=,-%
% A4+),8,+/,-% ',8,1% Z%!-<<,+,-% ",8,+%!"#$7% .,/80)% ),-% 20B0,-%!"#$% ,),1,=% 54+<4+,/% #6P6% N:2,+*8% )*% ?,/,+2,% ;,-<% 241,=% )*54+*2,=0/,-% /49,),% #4-=0.% 845,<,*.,-,% *-24<+,8*% ;,-<% 24+94+*-3*% ),-% .4.,82*/,-% 5,=I,% 84.0,% 94.,-</0% /494-2*-<,-% ;,-<%
P,/%,2,8%(,-,=%),-V,2,0%A,-<0-,-6
),1,.%5*),-<%94+08,=,,-%94.5*,;,,-%),-%94.5*,;,,-%8;,+*,=%;,-<%.4+09,/,-%0-*2%08,=,% 24+3,-20.% ),1,.% @0+,2% '4-4+*.,,-% '4.54+*2,=0,-% '4+05,=,-% ",2,% '4+84+:,-% N:6% +414T,-7% 24+.,80/% /,+;,I,-7% .,-,B4.4-7% +4<01,2:+7% ),-% .*2+,% 5*8-*87% 841,+,8% )4-<,-%
''%Z]VUWUJ%% &%%'4+,20+,-% '4.4+*-2,=% N:6% Z]% (,=0-% UWUJ% 24-2,-<%
8;,+*,=6%D-20/%.4-3,9,*%.,/80)%),-%20B0,-%24+845027%!"#$%),9,2%.41,/8,-,/,-%/4<*,2,-% !PDF!P6WJ6W_FWU]]_YX7%2,-<<,1%U]%@4924.54+%UWUL%),-%241,=%)*),H2,+/,-%),1,.%",H2,+% T*8*% 82+,24<*86% O::+)*-,8*% ),-% /:.0-*/,8*% ;,-<% 4H4/2*H% ,/,-% .4.5,-20% .4-34<,=%
'4+B,-B*,-% O4+B,% `,/20% (4+24-207% !1*=% ",;,7% `,/20%
08,=,%02,.,%845,<,*%54+*/02& '4+84+:,-% )*% #4-=0.% )*% 5,I,=% N:6% !PDFWUW]WLX6!P6WJ6JJ(!PDN% UWUL% 2,-<<,1% UY% /48,1,=9,=,.,-%),-%.4.,82*/,-%842*,9%9*=,/%.4.,=,.*%94+,-%.4+4/,%),1,.%9+:848%
O4+B,%),-%`,/20%>82*+,=,27%),-%'4.0208,-%P050-<,-%
O4+B,6% @4924.54+% UWUL7% K***M%!/2,% N:6% _JVUWU]7% ),-% K*TM% C480.4% CD'@% #$>N% N:.:+% W]LV@+2V *-24<+,8*6
,M% O4<*,2,-%'4+08,=,,-%'4.5*,;,,-7%.41*902*&
C,-3,-<,-%'4-<<,50-<,-% &% C,-3,-<,-% '4-<<,50-<,-% ;,-<% )*8080-% 843,+,% >SVUWU]%2,-<<,1%JX%!9+*1%UWU]%;,-<%)*50,2%:14=%#,1,%#0/2*7%@6P67%#6P6%N:2,+*8%)*%?,/,+2,7% U6% '4.,-2,0,-%),-%'4-;480,*,-%A4+/,1,%i%#41,/0/,-%4T,10,8*%54+/,1,%24+=,),9%9+:848%
F% '4.5*,;,,-%>-T482,8*f 8080-,-%"*+4/8*%),-%"4I,-%O:.*8,+*8%#$>N%8,,2%*-*%,),1,=%845,<,*%54+*/02&
54+8,.,F8,.,% :14=% "*+4/8*% '4+08,=,,-% '484+2,% LQWHJUDVLXQWXNPHQJLGHQWL¿NDVLWDQWDQJDQ\DQJWLGDNWHUGXJDVHMDNGLQL
F% '4.5*,;,,-%#:),1%O4+B,f
'4-<<,50-<,-7% ),-% 241,=% )*8420B0*% :14=% "4I,-% "*+4/8*
F% '4.5*,;,,-%#012*<0-,f % "4-<,-% .4-,-<,-*% .,8,1,=% 843,+,% 9+:,/2*H7%!"#$% ),9,2% .4-4+,9/,-% 8:108*% 249,2% I,/20%
O:.*8,+*8% .,8*-<F.,8*-<% '4+08,=,,-% '484+2,%
'4-<<,50-<,-%9,),%2,-<<,1%U\%!9+*1%UWU]6 F% O4<*,2,-%08,=,%94.5*,;,,-%1,*--;,%54+),8,+/,-%94+8420B0,-%Q?Of 0-20/%.4-34<,=%<,-<<0,-7%.4-B,<,%/4841,+,8,-%82+,24<*87%),-%.4.,82*/,-%2+,-8*8*%;,-<%
F% @4I,% :94+,8*% K:94+,2*-<% 14,84M% ),-V,2,0% /4<*,2,-% 54+5,8*8% H44% 849,-B,-<% 2*),/% %E, 1EB>B> %:F: 1,-3,+6
C*-</,8,-%C,-3,-<,-%'4-<<,50-<,-% &% C*-</,8,-% C,-3,-<,-% '4-<<,50-<,-% 2,-<<,1% ZW% J "*+4/20+%D2,., ",--;%P4-),+/:d
!9+*1% UWU]% ;,-<% 241,=% )*0.0./,-% 9,),% 80+,2% /,5,+% 54+24-2,-<,-% )4-<,-% /424-20,-% 94+,20+,-% 94+0-),-<F0-),-<,-% )*% 84/2:+% B,8,%
% *;C:9KI:<'=:<'.>B>8E'3K8KF
=,+*,-% -,8*:-,1% >-T482:+% ",*1;% ),-% A*8-*8% >-):-48*,% /40,-<,-6 U "*+4/20+ a=+*8241%E,8.,-,%
2,-<<,1%ZW%!9+*1%UWU]7%845,<,*.,-,%)*05,=%),+*%I,/20% Z "*+4/20+ @,-);%@08,-2: % D-20/%.4+4-3,-,/,-%),-%.41,/8,-,/,-%'4-<<,50-<,-7%5,*/%!"#$%.,090-%#$>N%=,+08%
5M% O4<*,2,-%D-*2%D8,=,%@;,+*,=7%;,-<%.41*902*& .4.,82*/,-% /49,20=,-% 24+=,),9% 8410+0=% 94+,20+,-% 94+0-),-<F0-),-<,-% ;,-<% 54+1,/07%
/4%I,/206 F% '4.5*,;,,-%?0,1%A41*f L "*+4/20+ $+4)4+*3/%N,2=,-,41
C9%,2,0%C09*,=% &% C09*,=%>-):-48*,6 84=*-<<,%9+:848%'4-<<,50-<,-%),9,2%.4.94+:14=%94+8420B0,-%),+*%Q?O%',8,+%#:),17%Q?O%
F% '4.5*,;,,-%>-T482,8*f%),-V,2,0 ] "*+4/20+ C:54+2:%!O%D- >ONA7%AG>7%84+2,%94.4<,-<%8,=,.%!"#$%),-%#$>N6
CD'@% &%%C,9,2%D.0.%'4.4<,-<%@,=,.%845,<,*.,-,%)*,20+% F% '4.5*,;,,-%?,8,6
)*%),1,.%DD%'4+84+:,-%(4+5,2,8%),-%'Q?O%J]VUWUW6% % d>?#(;.?*/#)@',';*0#,'+'.*3.$#(;%$*F;'/'*0#;#6'1*/#)-'&';(')*&#$0#;%@%')*%@.*(#&';%;')* % '+:848% '4-<<,50-<,-% ),9,2% 24+20-),% ,9,5*1,% 94+8420B0,-F94+8420B0,-% 54+*/02% 2*),/%
CD'@EA% &%%C,9,2% D.0.% '4.4<,-<% @,=,.% E0,+% A*,8,% % !"#$%241,=%.4.94+:14=%*^*-%08,=,%94.5*,;,,-%/:-T4-8*:-,1%),+*%O4.4-24+*,-%O40,-<,-% -')*(#6'5'(')*-'$.*ABC=**G#,#6%/*/#/&#$<6#1*&#$0#;%@%')*%@.*(#&';%;')*-')*(#6'5'(')* )*94+:14=%249,2%I,/20&
845,<,*.,-,%)*,20+%)*%),1,.%DD%'4+84+:,-%(4+5,2,86% 54+),8,+/,-% @0+,2% O490208,-% #4-24+*% O40,-<,-% N:6% U]ZVO#O6WJZVJ__J% 2,-<<,1% L% #,+42% -'$.*ABC*0#,'+'.*3.$#(;%$*F;'/'H*I'&'(*3'))5*J#)-'$(<*'(')*;#;'&*/#)@',';*0#,'+'.*
@GQ?O%UWVUWUZ% &% @0+,2% G),+,-% Q?O% N:6% UWV@GQ?O6WYVUWUZ% 24-2,-<% J__J% 24-2,-<% '4.54+*,-% >^*-% D8,=,% 845,<,*% '4+08,=,,-% '4.5*,;,,-% /49,),% '(% !)*+,% K,M% '4+-;,2,,-%4H4/2*H%'4-<<,50-<,-%),+*%Q?O%',8,+%#:),1f
3.$#(;%$* "4DE* ,#$-'0'$(')* G%$';* C#&%;%0')* 3#K')* C</.0.<)#$* ABC* E<=* C>LMNOP K5M% '4+8420B0,-%'4-<<,50-<,-%),-%94+8420B0,-%0B*%/4.,.90,-%),-%/49,202,-%94.4<,-<%
'4+.:=:-,-% '4+*^*-,-7% '4+8420B0,-7% ",-% '41,9:+,-% "*-,.*/,%#012*%$*-,-347%;,-<%54+1,/0%841,.,%!"#$%.4-B,1,-/,-%/4<*,2,-%08,=,%845,<,*% LQ=RSPSRSN*;')++'6*T*4#,$%'$.*SRSN=
@43,+,%G14/2+:-*/%A,<*%'4+08,=,,-%'4.5*,;,,-%",-% 94+08,=,,-%94.5*,;,,-6% 8,=,.% 94-<4-),1*7% ,-<<:2,% "*+4/8*7% "4I,-% O:.*8,+*87% ),-% "4I,-% '4-<,I,8% @;,+*,=%
'4+08,=,,-%'4.5*,;,,-%@;,+*,=6% * "4I,-%O:.*8,+*8 !"#$%9,83,%'4-<<,50-<,-%),+*%Q?O%>ONAf%
@GQ?O%UUVUWUL% &% @0+,2% G),+,-% Q?O% N:6% UU% (,=0-% UWUL% 24-2,-<% % !"#$% B0<,% 241,=% .4.94+:14=% *^*-% 08,=,% 94.5*,;,,-% 8;,+*,=% ),+*% Q?O% 54+),8,+/,-% K3M% '4+8420B0,-%9+*-8*9%AG>%0-20/%94-3,2,2,-%8,=,.%5,+0%!"#$%,/*5,2%'4-<<,50-<,-f
'4-*1,*,-% O4.,.90,-% ",-% O49,202,-% A,<*% '*=,/% O490208,-% Q?O% N:6% OG'FJXUVNA6UUZVUWJ]% 2,-<<,1% UL% ?0-*% UWJ]% 24-2,-<% '4.54+*,-% >^*-% %E, 1EB>B> %:F: K)M% '4+8420B0,-% /+4)*2:+% ),-V,2,0% .*2+,% 5*8-*8% 845,<,*.,-,% )*8;,+,2/,-% ),1,.% 94+B,-B*,-%
D2,.,% E4.5,<,% '4.5*,;,,-7% '4+08,=,,-% #:),1% '4.50/,,-%D-*2%D8,=,%@;,+*,=%'4+08,=,,-%'4.5*,;,,-%/49,),%'(%!)*+,%"*-,.*/,%#012*% J O:.*8,+*8%D2,., N*/:%O0+-*,I,-%A:-<<:I,+8*2:% 9*-B,.,-%),-%94+B,-B*,-%/4+B,%8,.,%.,8*-<F.,8*-<%'4+08,=,,-%'484+2,%'4-<<,50-<,-f%
S4-20+,7% E4.5,<,% O40,-<,-% #*/+:7% ",-% E4.5,<,% $*-,-347%;,-<%54+1,/0%841,.,%!"#$%.4-B,1,-/,-%/4<*,2,-%08,=,%0-*2%08,=,%8;,+*,=6 U O:.*8,+*8 (,/,-:+*%#*^0-:% ),-
?,8,%O40,-<,-%E,*--;,6% K4M% '4+8420B0,-%CD'@%.,8*-<F.,8*-<%'4+08,=,,-%'484+2,%'4-<<,50-<,-6
% '4+%ZJ%#,+42%UWU]7%!"#$%.4.*1*/*%J\_%/,-2:+%3,5,-<%/:-T4-8*:-,17%LZ%/,-2:+%3,5,-<%0-*2% Z O:.*8,+*8%>-)494-)4- C*^,1%A,.5,-<%'+,842*B:%
(,-<<,1%GH4/2*H%'4-<<,50-<,-%% &%%(,-<<,1% 4H4/2*H-;,% '4-<<,50-<,-% 843,+,% =0/0.7% 8;,+*,=7% UJU% /,-2:+% 94+I,/*1,-% K/,-2:+% 841,*-% /,-2:+% 3,5,-<M7% ),-% Y\% /,-2:+% 841,*-% /,-2:+% % @4241,=% '4-<<,50-<,-% )*1,/8,-,/,-7%!"#$% ,/,-% 24+08% .4.,82*/,-% /49,20=,-% 24+=,),9%
;,-<% )*94+/*+,/,-% ,/,-% 24+B,)*% 9,),% 2,-<<,1% J% 56% "4I,-%'4-<,I,8%@;,+*,=% 84.0,%/424-20,-%;,-<%54+1,/07%24+.,80/%.4.,-2,0%),-%.4-<4-),1*/,-%+*8*/:%=0/0.%0-20/%
3,5,-<%0-*2%8;,+*,=6
Q/2:54+% UWU]% ,2,0% 2,-<<,1% 1,*-% ;,-<% )*849,/,2*% :14=% .4-34<,=%9:24-8*%941,-<<,+,-7%24+.,80/%+*8*/:%8,-/8*%),+*%:2:+*2,8%;,-<%54+I4-,-<%8480,*%
'4+08,=,,-%'484+2,%'4-<<,50-<,-6 V,' 1"%7".+((%'&(3(/'(!/# % "4I,-%'4-<,I,8%@;,+*,=%#$>N%,),1,=%845,<,*%54+*/02&
)4-<,-%/424-20,-%;,-<%54+1,/06
7UDQVDNVL$¿OLDVL 7UDQVDNVL D¿OLDVL VHEDJDLPDQD GLGH¿QLVLNDQ GDODP %E, %:F:
'Q?O%LUVUWUW6 % '4+% ZJ% "484.54+% UWUL7% !"#$% .4.*1*/*% 94+-;4+2,,-% 8,=,.% 9,),% 94+08,=,,-% 845,<,*% % .>B>8E'*;I>D:<T:<'1;D:<TT:<
DD%a*92,%O4+B,% &% D-),-<FD-),-<% N:6% Y% (,=0-% UWUZ% 24-2,-<% 54+*/02& J @,92:-:%A0)*%@,2+;:
% (4+),9,2%/42*),/9,82*,-%.4-<4-,*%,9,/,=%941,-<<,-%#$>N%,/,-%.4.*1*=%0-20/%.41,-B02/,-%
'4-<48,=,-% '4+,20+,-% '4.4+*-2,=% '4-<<,-2*% ,6% '(%P:.4%a+4)*2%>-):-48*,%KbPa>cM%845,-;,/%]_%8,=,.7%,2,0%842,+,%)4-<,-%_7\Ug%),+*% =050-<,-%.4+4/,%)4-<,-%!"#$%84241,=%'4-<<,50-<,-6%?*/,%2*),/%)*/41:1,%843,+,%4H4/2*H7%
D-),-<FD-),-<% N:6% U% (,=0-% UWUU% 24-2,-<% a*92,% M,' *")$(+(%'2&(3('
.:),1%;,-<%241,=%)*24.9,2/,-%),-%)*842:+%94-0=%),1,.%Pa>6 =,1% *-*% ),9,2% .4-;45,5/,-% /4=*1,-<,-% 941,-<<,-7% 94-0+0-,-% T:10.4% 2+,-8,/8*7% ),-%
O4+B,6 56% #$>N% 845,-;,/% UY]6WWW6WWW% 8,=,.7% ,2,0% 842,+,% )4-<,-% JWg% ),+*% .:),1% ;,-<% 241,=% % A4+),8,+/,-%',8,1%Z%!-<<,+,-%",8,+%#$>N7%.,/80)%),-%20B0,-%#$>N%,),1,=%54+<4+,/%)*% 94-0+0-,-%-*1,*%9:+2:H:1*:6%D-20/%.4-<0+,-<*%+*8*/:%*-*7%!"#$%=,+08%H:/08%9,),%,+4,%02,.,%
DD%O424-,<,/4+B,,-%% &%%D-),-<FD-),-<% N:6% JZ% (,=0-% UWWZ% 24-2,-<% )*24.9,2/,-%),-%)*842:+%94-0=%),1,.%#$>N6 5*),-<%94+08,=,,-%94.5*,;,,-%),-%94+08,=,,-%94.5*,;,,-%8;,+*,=%;,-<%.4+09,/,-%0-*2% 54+*/02&
O424-,<,/4+B,,-7% 845,<,*.,-,% 241,=% )*05,=% 08,=,% 8;,+*,=6% D-20/% .4-3,9,*% .,/80)% ),-% 20B0,-% 24+845027% #$>N% ),9,2% .41,/8,-,/,-%
845,<*,-%:14=%DD%a*92,%O4+B,6 4,' /#$% /4<*,2,-%08,=,%02,.,%845,<,*%54+*/02& J6% #4.,82*/,-%O41,-<80-<,-%E,;,-,-%),-%#4-B,<,%P050-<,-%'41,-<<,-%i%(+,-8*8*%;,-<%
DD%',8,+%#:),1%% &%%D-),-<FD-),-<% N:6% \% (,=0-% J__]% 24-2,-<% ',8,+% 1,-3,+% 8,-<,2% 94-2*-<% 0-20/% .4.*-*.,1/,-% <,-<<0,-% 1,;,-,-% ),-% .4.94+2,=,-/,-%
5,' .$6(7(+'&$%)*(+ ,6% O4<*,2,-%'4+08,=,,-%'4.5*,;,,-7%.41*902*&
#:),17%845,<,*.,-,%241,=%)*05,=%845,<*,-%:14=%DD% /494+3,;,,-% 941,-<<,-6% !"#$% ,/,-% .4.,82*/,-% 5,=I,% 84.0,% 941,-<<,-% #$>N%
a*92,%O4+B,6%% % #$>N% .4+09,/,-% 80,20% 94+84+:,-% 24+5,2,8% 24+50/,% ;,-<% )*)*+*/,-% 54+),8,+/,-% =0/0.% F% '4.5*,;,,-%>-T482,8*f 24+08%.4-4+*.,%8:108*%94.5*,;,,-%;,-<%.4.4-0=*%/45020=,-%.4+4/,%8,.5*1%.4-B,<,%
DD%'4+1*-)0-<,-%",2,%'+*5,)*% &% D-),-<FD-),-<% N:6% UX% (,=0-% UWUU% 24-2,-<% ),-% 94+,20+,-% 94+0-),-<F0-),-<,-% C49051*/% >-):-48*,% )4-<,-% -,.,% '(% S*);,% a*92,% F% '4.5*,;,,-%#:),1%O4+B,f =050-<,-% 941,-<<,-% ;,-<% /0,26% >-*% 24+.,80/% .4.,82*/,-% 5,=I,% 941,-<<,-% ),9,2%
'4+1*-)0-<,-%",2,%'+*5,)*6 F% '4.5*,;,,-%#012*<0-,f 54+*-24+,/8*% )4-<,-% 94+I,/*1,-% 1,;,-,-% ;,-<% 80),=% )*/4-,1% ,2,0% .4-<,1,.*% 9+:848%
E4,8*-<%a:+9:+,2*:-%),-%54+/4)0)0/,-%)*%?,/,+2,%'08,26%#$>N%)*)*+*/,-%54+),8,+/,-%!/2,%
DD%'4+84+:,-%(4+5,2,8%% &%%D-),-<F0-),-<% N:6% LW% (,=0-% UWWX% 24-2,-<% F% O4<*,2,-%08,=,%94.5*,;,,-%1,*-%54+),8,+/,-%94+8420B0,-%Q?Of 84+,=%24+*.,%;,-<%1,-3,+7%.4-<0+,-<*%/42*),/9,82*,-%),-%.4.94+/0,2%1:;,1*2,86
'4-)*+*,-%N:6%JLX7%2,-<<,1%JZ%!<08208%J_\Z7%)*50,2%)*%=,),9,-%?:4-:48%G-:4-<%#,:<*.:-7% F% @4I,% :94+,8*% K:94+,2*-<% 14,84M% ),-V,2,0% /4<*,2,-% 54+5,8*8% H44% 849,-B,-<% 2*),/%
'4+84+:,-% (4+5,2,87% 845,<,*.,-,% 241,=% )*05,=% @6P67% N:2,+*8% )*% ?,/,+2,7% ;,-<% 241,=% .4.94+:14=% 94-<48,=,-% #4-=0.% 54+),8,+/,-% @0+,2% U6% O:.0-*/,8*%'41,-<<,-%;,-<%'+:,/2*H%),-%(+,-89,+,-%i%#4-4+,9/,-%82+,24<*%/424+1*5,2,-%
845,<*,-%:14=%DD%a*92,%O4+B,6% 54+24-2,-<,-% )4-<,-% /424-20,-% 94+,20+,-% 94+0-),-<F0-),-<,-% )*% 84/2:+% B,8,% 941,-<<,-% ;,-<% /:.9+4=4-8*H% 0-20/% 843,+,% 54+/,1,% .4.54+*% 2,=0% 941,-<<,-% #$>N%
O490208,-%N:6%WUFYX\Z6P(6WJ6WJ6(P6\Z7%2,-<<,1%J]%Q/2:54+%J_\Z7%;,-<%241,=%)*),H2,+/,-%)*% /40,-<,-6
DD%''=% &% D-),-<FD-),-<% N:6% X% (,=0-% J_\Z% 24-2,-<% ',B,/% '4-<,)*1,-%N4<4+*%?,/,+2,%'08,2%)*%5,I,=%N:6%LWXUVJ_\Z7%N:6%LWXZVJ_\Z7%N:6%LWXLVJ_\Z% 24-2,-<% .,-H,,2% '4-<<,50-<,-6% P,1% *-*% 24+.,80/% 948,-% ;,-<% )*94+8:-,1*8,8*7% :-1*-4%
'4-<=,8*1,-% 845,<,*.,-,% 241,=% )*05,=% 24+,/=*+% 2,-<<,1% UJ% Q/2:54+% J_\Z7% ),-% 241,=% )*0.0./,-% ),1,.% A4+*2,% N4<,+,% N:6% YZ% 2,-<<,1% \% 56% O4<*,2,-%D-*2%D8,=,%@;,+*,=7%.41*902*& 4-<,<4.4-27% ),-% *-24+,/8*% 1,-<80-<% )4-<,-% 941,-<<,-% 0-20/% .4;,/*-/,-% .4+4/,%
)4-<,-%DD%a*92,%O4+B,6 !<08208%J_\_7%(,.5,=,-%N:6%J]UY%K841,-B02-;,%)*84502%b(89:'1;<=>?>:<'/#$%QM6 F% '4.5*,;,,-%?0,1%A41*f 24-2,-<%/:.*2.4-%!"#$%24+=,),9%/40-<<01,-%1,;,-,-6
DD%''N% &% D-),-<FD-),-<% N:6% \% (,=0-% J_\Z% 24-2,-<% ',B,/% F% '4.5*,;,,-%>-T482,8*f%),-V,2,0 Z6% #4-<,/2*H/,-%O4.5,1*%'41,-<<,-%;,-<%(*),/%!/2*H%i%'+:848%.*<+,8*%;,-<%1,-3,+%=,+08%
'4+2,.5,=,-% N*1,*% A,+,-<% ),-% ?,8,% ),-% ',B,/% % !-<<,+,-% ",8,+% ),1,.% !/2,% '4-)*+*,-% #$>N% 241,=% .4-<,1,.*% 5454+,9,% /,1*% 94+05,=,-7% F% '4.5*,;,,-%?,8,6 )*84+2,*% )4-<,-% 09,;,% ;,-<% 24+,+,=% 0-20/% .4-<,/2*H/,-% /4.5,1*% 941,-<<,-% ;,-<%
'4-B0,1,-%!2,8% A,+,-<% #4I,=% 845,<,*.,-,% )*05,=% 24+,/=*+% )4-<,-% !/2,% A4+*2,% !3,+,% C,9,2% D.0.% '4.4<,-<% @,=,.% E0,+% A*,8,% N:6% L_7% 2*),/% ,/2*H7% 24+02,.,% .4+4/,% ;,-<% .4.*1*/*% 8,1):% +4-),=% ,2,0% -:16% '4-,I,+,-% /=08087%
24+,/=*+%)4-<,-%DD%a*92,%O4+B,6 2,-<<,1% JZ% N:T4.54+% UWUL7% )*50,2% )*% =,),9,-% #,1,% #0/2*7% @6P6% N:2,+*8% )*% ?,/,+2,7% ;,-<% % #$>N%241,=%.4.94+:14=%*^*-%08,=,%94.5*,;,,-%/:-T4-8*:-,1%),+*%O4.4-24+*,-%O40,-<,-% :98*% 94.5*,;,,-% ;,-<% )*2*-</,2/,-7% ,2,0% 94-B,-</,0,-% ;,-<% )*94+8:-,1*8,8*% ),9,2%
241,=%)*8420B0*%:14=%),-%)*54+*2,=0/,-%/49,),%#4-=0.%845,<,*.,-,%24+3,-20.%),1,.%@0+,2% 54+),8,+/,-% @0+,2% O490208,-% #4-24+*% O40,-<,-% N:6% ZUZVO#O6WJXVJ__X% 2,-<<,1% UJ% ?01*% .4.5,-20%.4-):+:-<%/424+1*5,2,-%;,-<%54+/41,-B02,-6
J__X% 24-2,-<% '4+05,=,-% @0+,2% O490208,-% #4-24+*% O40,-<,-% N:6% OG'FWWUVO#6JJVJ_\L% L6% #4.,82*/,-%O41,-<80-<,-%A*8-*8%)4-<,-%#*2+,%i%#4-B,<,%=050-<,-%;,-<%/0,2%)4-<,-%
$,'$%#-./(&$'/"%)"%($'/(&$%)0/(&$%)'1".2&(3((% '4+8420B0,-% '4+05,=,-% !-<<,+,-% ",8,+% N:6% !PDFWWX_\Y\6!P6WJ6WU6(,=0-% UWUL7% ),-%
2,-<<,1% Y% ?,-0,+*% J_\L% 24-2,-<% '4.54+*,-% >^*-% D8,=,% 845,<,*% '4+08,=,,-% '4.5*,;,,-% .*2+,% 5*8-*87% 8494+2*% )4,14+7% T4-):+7% ,<4-7% ),-% /1*4-% /:+9:+,27% 8,-<,2% 94-2*-<% 0-20/%
@0+,2%'4-4+*.,,-%'4.54+*2,=0,-%'4+05,=,-%!-<<,+,-%",8,+%N:6%!PDF!P6WJ6WZFWUJ_W_J7%
1"&".+('1"%))(42%)(% NHSDGD 37 0DQGDOD 0XOWL¿QDQFH 7EN GDKXOX 37 9LG\D &LSWD /HDVLQJ &RUSRUDWLRQ .4.94+2,=,-/,-% 94+20.50=,-% 5*8-*8%!"#$6% @42*,9% <,-<<0,-% ),1,.% /4.*2+,,-% ),9,2%
/4)0,-;,% 2,-<<,1% J\% #,+42% UWU]7% 84+2,% 241,=% )*),H2,+/,-% ),1,.% ",H2,+% '4+08,=,,-% ;,-<% 845,<,*.,-,% )*94+9,-B,-<% 24+,/=*+% )4-<,-% @0+,2% O490208,-% #4-24+*% O40,-<,-% N:6% O49F
)*8414-<<,+,/,-%:14=%#4-=0.%)*%5,I,=%N:6%!PDFWUYY\\\6!P6WJ6JJ6(!PDN%UWU]%2,-<<,1% .4.4-<,+0=*%T:10.4%94.5*,;,,-%),-%82,5*1*2,8%:94+,8*:-,16
(,' (!/# JZZVO#6JZVJ_\\% 2,-<<,1% J\% ?01*% J_\\7% ;,-<% 54+1,/0% 841,.,% #$>N% .4-B,1,-/,-% /4<*,2,-%
_% "484.54+% UWUL% Kb!/2,% N:6% L_VUWULcM% B:6% !/2,% '4+-;,2,,-% O490208,-% C,9,2% D.0.% 08,=,%845,<,*%94+08,=,,-%94.5*,;,,-6 % @41,*-% *207% !"#$% ,/,-% 843,+,% ,/2*H% .4-<:.0-*/,8*/,-% /40-20-<,-% ),+*% 94-,I,+,-%
5,' .$6(7(+'&$%)*(+ '4.4<,-<% @,=,.% E0,+% A*,8,% N:6% _J7% 2,-<<,1% UJ% $45+0,+*% UWU]7% )*50,2% )*% =,),9,-% #,1,% 9+:)0/% ),-% 1,;,-,--;,% ;,-<% )*94+10,8% 0-20/% .4.94+/0,2% 1:;,1*2,8% 941,-<<,-% 9,83,%
#0/2*7% @6P6% N:2,+*8% )*% ?,/,+2,7% ;,-<% 241,=% )*54+*2,=0/,-% /49,),% #4-=0.% 845,<,*.,-,% % #$>N% B0<,% 241,=% .4.94+:14=% *^*-% 08,=,% 94.5*,;,,-% 8;,+*,=% ),+*% Q?O% 54+),8,+/,-% '4-<<,50-<,-6% "4-<,-% *-:T,8*% 54+/41,-B02,-% ),1,.% 8:108*% 94.5*,;,,-% ),-% 94-*-</,2,-%
% !"#$% .4+09,/,-% 94+84+:,-% 24+5,2,8% 24+50/,% ;,-<% )*)*+*/,-% 54+),8,+/,-% =0/0.% ),-% O490208,-% Q?O% N:6% O49FJU]VNA6UUZVUWJ]% 2,-<<,1% _% ?0-*% UWJ]% 24-2,-<% '4.54+*,-% >^*-%
94+,20+,-%94+0-),-<F0-),-<,-%C49051*/%>-):-48*,%)4-<,-%-,.,%'(%!)*+,%"*-,.*/,%#012*% 24+-;,2,% ),1,.% @0+,2% '4-4+*.,,-% '4.54+*2,=0,-% '4+05,=,-% ",2,% '4+84+:,-% N:6% !PDF /4.,.90,-% 1,;,-,-% )*<*2,17% *-24<+,8*% *-*% ,/,-% .4.54+*/,-% 94-<,1,.,-% 94.5*,;,,-% ;,-<%
!P6WJ6W_FWJ]WW_L%2,-<<,1%J\%#,+42%UWU]7%),-%241,=%)*),H2,+/,-%),1,.%",H2,+%'4+08,=,,-% 3HPEXNDDQ8QLW8VDKD6\DULDK3HUXVDKDDQ3HPELD\DDQNHSDGD370DQGDOD0XOWL¿QDQFH
$*-,-347%),-%54+/4)0)0/,-%)*%?,/,+2,%@41,2,-6%!"#$%)*)*+*/,-%54+),8,+/,-%!/2,%'4-)*+*,-% 145*=%/:.9+4=4-8*H%),-%1,-3,+%5,<*%-,8,5,=6
;,-<% )*8414-<<,+,/,-% :14=% #4-=0.% )*% 5,I,=% N:6% !PDFWWYLYLU6!P6WJ6JJ6(!PDN% UWU]% (5/67%;,-<%54+1,/0%841,.,%!"#$%.4-B,1,-/,-%/4<*,2,-%08,=,%0-*2%08,=,%8;,+*,=6
N:6%JZJ%2,-<<,1%JZ%N:T4.54+%J__W7%)*50,2%)*%=,),9,-%#*8,=,+)*%`*1,.,+2,7%@6P67%N:2,+*8% ],' *"4".A(%J2+(%'*")$(+(%'2&(3('1".2&(3((%'1"&".+('1"%))(42%)(%'
)*%?,/,+2,7%;,-<%241,=%.4.94+:14=%94-<48,=,-%),+*%#4-=0.%54+),8,+/,-%@0+,2%O490208,-% 2,-<<,1%J\%#,+42%UWU]%Kb(89:'%E,'O5P@H@VcM6 % '4+% ZJ% #,+42% UWU]7% #$>N% .4.*1*/*% J_L% /,-2:+% 3,5,-<% /:-T4-8*:-,17% YW% /,-2:+% 3,5,-<%
N:6% aUFJ_6P(6WJ6WJ6(P6_J% 2,-<<,1% \% ?,-0,+*% J__J7% 241,=% )*),H2,+/,-% )*% '4-<,)*1,-% N4<4+*% % O,-2:+% 908,2% #$>N% 54+1:/,8*% )*% R4)0-<% #,-),1,% $*-,-347% ?16% #4-24-<% C,;,% N:6% UL%!FA7% /:-T4-8*:-,1%),-%8;,+*,=7%JL%/,-2:+%3,5,-<%0-*2%8;,+*,=7%),-%U%/,-2:+%841,*-%/,-2:+%3,5,-<% ' #4-<*-<,2%5,=I,%'4+08,=,,-%'484+2,%'4-<<,50-<,-%.4+09,/,-%94+08,=,,-%94.5*,;,,-%
?,/,+2,% @41,2,-% )*% 5,I,=% N:6% ZLVN:26J__JV'N6?O(6@GE7% 2,-<<,1% JL% ?,-0,+*% J__J7% ),-% 0-*2%8;,+*,=6 ),-% .4.*1*/*% /4<*,2,-% 08,=,% 94.5*,;,,-% ;,-<% 8,.,% K/:-T4-8*:-,1% ),-% 8;,+*,=M7% .,/,%
?,/,+2,%'08,2%JWZLW7%>-):-48*,6
241,=%)*0.0./,-%),1,.%A4+*2,%N4<,+,%N:6%JU%2,-<<,1%\%$45+0,+*%J__J7%(,.5,=,-%N:6%LUJ% 2*),/% ,/,-% ,),% 94+05,=,-% ),1,.% /4<*,2,-% 08,=,% !"#$% 845,<,*% '4+08,=,,-% '4-4+*.,%
K841,-B02-;,%)*84502%b(89:'1;<=>?>:<'(!/#cM6 @,' &+.2*+2.'1"./-!(A(%'!(%'&2&2%(%'1"/")(%)'&(3(/ '4-<<,50-<,-%84241,=%'4-<<,50-<,-6%
$$,''!"&*.$1&$'1"%))(42%)(%
% !-<<,+,-% ",8,+%!"#$% 54+),8,+/,-%!/2,% '4-)*+*,-%!"#$% 241,=% .4-<,1,.*% 5454+,9,% /,1*% % A4+),8,+/,-% K*M%!/2,% N:6% L_VUWUL% B:6%!/2,% N:6% _JVUWU]7% ),-% K**M% ",H2,+% '4.4<,-<% @,=,.% % D-20/%.4.5,-<0-%/4/0,2,-%'4+08,=,,-%'484+2,%'4-<<,50-<,-%;,-<%8,1*-<%.414-</,9*7%
94+05,=,-7% 24+,/=*+% )4-<,-%!/2,% '4+-;,2,,-% O490208,-% C,9,2% D.0.% '4.4<,-<% @,=,.% #$>N%94+%ZJ%#,+42%UWU]%;,-<%)*24+5*2/,-%:14=%'(%@*-,+2,.,%R0-*2,%841,/0%A*+:%!).*-*82+,8*% (,' A(+(.'4"A(*(%)'!(%'+2J2(%'1"%))(42%)(% '4-<<,50-<,-%.4.54+*/,-%9410,-<%5,<*%!"#$%0-20/%.4-<4.5,-</,-%8:108*%94.5*,;,,-%
E0,+% A*,8,% N:6% LW7% 2,-<<,1% J]% Q/2:54+% UWUJ7% )*50,2% )*% =,),9,-% #,1,% #0/2*7% @6P67% EE6#6% GH4/% ;,-<% )*20-B0/% :14=% #$>N7% 82+0/20+% 94+.:),1,-% ),-% 8080-,-% 94.4<,-<% 8,=,.% #$>N% 5,' ."&+.2*+2.$&(&$'1$** ;,-<% 145*=% 5,*/% ;,-<% .41,;,-*% -,8,5,=% )*% >-):-48*,% )4-<,-% 145*=% 5,*/% ),-% .4-3*92,/,-%
N:2,+*8%)*%?,/,+2,7%;,-<%241,=%)*54+*2,=0/,-%/49,),%#4-=0.%845,<,*.,-,%24+3,-20.%),1,.% ,),1,=%845,<,*%54+*/02& SHQGRURQJ EDUXXQWXNSHUWXPEXKDQ GDQSUR¿WDELOLWDV$'0) DNDQWHUXVPHUDQFDQJ VROXVL
@0+,2%'4-4+*.,,-%'4.54+*2,=0,-%'4+05,=,-%!-<<,+,-%",8,+%N:6%!PDF!P6WJ6WZFWLY]YY]% % ",1,.% +,-</,% .4.4-0=*% 'Q?O% ZWVUWUL7% A,-/% ",-,.:-% .4-4+*.,% 94-0-B0/,-% 845,<,*% 94.5*,;,,-%*-:T,2*H%;,-<%.4.54),/,-%9+:9:8*8*%-*1,*-;,%)4-<,-%.4.,-H,,2/,-%/4,=1*,-%
2,-<<,1% UX% Q/2:54+% UWUJ7% 84+2,% 241,=% )*),H2,+/,-% ),1,.% ",H2,+% '4+08,=,,-% ;,-<% '>OO%Q94+,8*:-,1%R+09%#D$R%)*%>-):-48*,%),+*%'4.4<,-<%@,=,.%'4-<4-),1*6%@4=050-<,-% 9,8,+%1:/,17%=050-<,-%),-%,842%-,8,5,=%;,-<%,),7%/,9,5*1*2,8%)*<*2,17%,-,1*8*8%),2,%2*-</,2%
%>D:>'%EF><:D'G'$!.'VH'C;?'B:I:F )4-<,-%=,1%24+845027%94-<<,50-<,-%,-2,+,%!"#$%),-%#$>N%.4-B,)*%5,<*,-%),+*%),-%8,20%
)*8414-<<,+,/,-%:14=%#4-=0.%)*%5,I,=%N:6%!PDFWJ\Y_UY6!P6WJ6JJ%(,=0-%UWUJ%2,-<<,1%UX% 1,-B027%),-%50),;,%*-:T,8*%;,-<%/0,26%@45,<,*%=,8*1%),+*%'4-<<,50-<,-7%!"#$%,/,-%.4.*1*/*%
Q/2:54+%UWUJ6 !;B8?>CB> JKFD:I'&:I:F JKFD:I'%>D:>' L /48,20,-%),+*%9+:848%94.54-20/,-%'>OO%Q94+,8*:-,1%R+09%#D$R%8480,*%'Q?O%ZWVUWUL6 9:8*8*%;,-<%145*=%5,*/%0-20/%.41,;,-*%84<.4-%-,8,5,=%;,-<%145*=%10,8%)*%8410+0=%>-):-48*,%
%EF><:D @,' (!/#' )4-<,-% 9+:)0/% ),-% 8:108*% 94.5*,;,,-% ;,-<% 0-*/% ),-% 54+908,2% 9,),% -,8,5,=7% 84=*-<<,%
% O,-2:+%908,2%!"#$%54+1:/,8*%)*%#*114--*0.%a4-24--*,1%a4-24+%E,-2,*%]Z7%]YFYJ7%?16%?4-)4+,1%
/E=:D'!:B:? W,HHH,HHH,HHH MHH,HHH,HHH,HHH .4.94+/0,2%9:8*8*%/:.942*2*H-;,%)*%9,8,+6
@0)*+.,-%O,T6%U]7%?,/,+2,%@41,2,-%JU_UW7%>-):-48*,6 % '4-<<,50-<,-% ,-2,+,% !"#$% ),-% #$>N% .4+09,/,-% *-*8*,2*H% 82+,24<*8% ;,-<% 54+20B0,-%
/E=:D'!>B;9E?'=:<'!>9;FC:98:< 0-20/% .4.94+/0,2% 9:8*8*% 9,8,+%!"#$% )*% *-)082+*% 94.5*,;,,-% :2:.:2*H% >-):-48*,% 845,<,*% !,' !(+('*"2(%)(%'1"%+$%)'
@,' &+.2*+2.'1"./-!(A(%'!(%'&2&2%(%'1"/")(%)'&(3(/
F% #D$R U6Z\_6Z\L6_Y_ JJ_6LY_6UZL6\WW \_7UY '4+08,,,-% '4-4+*.,% '4-<<,50-<,-7% /=0808-;,% )*% >-):-48*,% (*.0+6% @45,<,*% 8,1,=% 8,20% 5,' (!/#'
% A4+),8,+/,-% K*M% !/2,% '4+-;,2,,-% O490208,-% '4.4<,-<% @,=,.% N:6% JZ7% 2,-<<,1% UY% 94+08,=,,-% 94.5*,;,,-% 24+/4.0/,7% !"#$% 24+08% .4-3,+*% 9410,-<% 0-20/% .4-*-</,2/,-%
?,-0,+*% UWWL7% )*50,2% )*% =,),9,-% $,2=*,=% P41.*7% @6P67% EE6#6% N:2,+*8% )*% ?,/,+2,7% ;,-<% 241,=% F% !"#$ UYX6XWZ6WWW JZ6Z\]6J]W6WWW JW SHQDZDUDQ OD\DQDQ H¿VLHQVL RSHUDVLRQDO GDQ MDQJNDXDQ SHODQJJDQ 0),1 GHQJDQ % C*-</,8,-%),2,%/40,-<,-%94-2*-<%!"#$%0-20/%2,=0-%50/0%;,-<%54+,/=*+%9,),%2,-<<,1%ZJ%
.4.94+:14=% 94+8420B0,-% #4-=0.% 54+),8,+/,-% @0+,2% O490208,-% N:6% aFWUUWX% P(6WJ6WL6% F% #,8;,+,/,2d J_6X__6_WZ _\_6__]6J]W W7XL /4=,)*+,-% +4<*:-,1% ),-% 5,8*8% 941,-<<,-% ;,-<% /0,27% .4-<=,)*+/,-% /4,=1*,-7% 8,10+,-% "484.54+%UWUU7%UWUZ7%),-%UWUL7%)*8080-%54+),8,+/,-%1,9:+,-%/40,-<,-%;,-<%241,=%)*,0)*2%
(P6UWWL% 2,-<<,1% U_% ?,-0,+*% UWWL7% ),-% 241,=% )*54+*2,=0/,-% /49,),% #4-=0.% 845,<,*.,-,% )*82+*508*7%),-%8*-4+<*%:94+,8*:-,1%;,-<%54+=,+<,%;,-<%.414-</,9*%/4/0,2,-%!"#$6 :14=% O,-2:+% !/0-2,-% '051*/% E*,-,% C,.:-% j4-*,% k% C4/,-% K,-<<:2,% K845,<,*.,-,% *82*1,=%
24+3,-20.%),1,.%@0+,2%'4-4+*.,,-%'4.54+*2,=0,-%'4+05,=,-%!-<<,+,-%",8,+%N:6%aFWUUW\% +E9:D'/E=:D'!>B;9E?'=:<'!>9;FC:98:< @,XYX,WWY,WY@ 5NN,WMM,NON,XHH 5HH 24+84502%)*<0-,/,-%),1,.%'4+,20+,-%#4-24+*%O40,-<,-%N:.:+%J\YV'#O6WJVUWUJ%),-%'Q?O%
P(6WJ6WL6(P6UWWL%2,-<<,1%U_%?,-0,+*%UWWL7%;,-<%84.0,-;,%241,=%)*),H2,+/,-%),1,.%",H2,+% &:I:F'!:D:F'1E?9;C;D V,N@N,55@,5@W @XX,5VV,XHX,MHH '4-<<,50-<,-%*-*%)*):+:-<%:14=%5454+,9,%20B0,-%82+,24<*87%24+.,80/& _VUWUZM%),+*%"41:*224%@:02=4,82%!8*,%E*.*24)M%K),=010%)*/4-,1%845,<,*%O,-2:+%!/0-2,-%'051*/%
'4+84+:,-%)4-<,-%N:6%JJU%CDA6W_6WZV>>VUWWL%2,-<<,1%Y%$45+0,+*%UWWL7%),-%241,=%)*0.0./,-% % J6% #4-*-</,2/,-% E,;,-,-% ),-% '4-<,1,.,-% '41,-<<,-% i% "4-<,-% .4-<*-24<+,8*/,-% >.41),% k% C4/,-M6% P,8*1% ,0)*2% 24+84502% .4-<=,8*1/,-% :9*-*% I,B,+% 2,-9,% 94-<430,1*,-6% ",2,%
),1,.%A4+*2,%N4<,+,%N:6%JY%2,-<<,1%UL%$45+0,+*%UWWL7%(,.5,=,-%N:6%J__W7%),-%K**M%",H2,+% % !"#$%&'(')* +',%)+')* -'$.* &'$'* &#/#+')+* 0'1'/* "4DE* 5')+* /#/&%)5'.* (#&#/.6.(')* /4/0,2,-% #$>N7% !"#$% ),9,2% .4-;4)*,/,-% 54+5,<,*% 8:108*% 94.5*,;,,-% ;,-<% 145*=% /40,-<,-%)*8,B*/,-%),1,.%B02,,-%C09*,=%845,<,*%54+*/02&
'4.4<,-<%@,=,.%!"#$%94+%ZJ%#,+42%UWU]%;,-<%)*24+5*2/,-%:14=%'(%!)*.*2+,%?,8,%O:+9:+,% 0'1'/* (%$')+* -'$.* 78* 96./'* &#$0#):* -'$.* (#0#6%$%1')* 0'1'/* 5')+* ;#6'1* -.;#/&';(')* -')* 10,87%.4-*-</,2/,-%1,;,-,-%941,-<<,-7%),-%,/848*5*1*2,8%;,-<%145*=%548,+7%.4.,82*/,-%
845,<,*%A*+:%!).*-*82+,8*%GH4/%;,-<%)*20-B0/%:14=%!"#$7%82+0/20+%94+.:),1,-%),-%8080-,-% -.0#;<$*&#)%1*-.*"4DE= :,' A:CE?:<'1EB>B>'*;K:<T:<
/454+1,-B02,-%),-%/4,-),1,-%5,<*%941,-<<,-%1,.,%.,090-%5,+06
94.4<,-<%8,=,.%!"#$%,),1,=%845,<,*%54+*/02& U6% #4.94+10,8% ?,-</,0,-% ',8,+% ),-% '4+20.50=,-% A*8-*8% i% '4-<<,50-<,-% *-*%
% A4+),8,+/,-% /424-20,-% ',8,1% XU% ,;,2% KJM% '4+,20+,-% Q?O% LXVUWUW7% 84241,=% )*1,/0/,--;,% N5'!;B;FR;?' N5'!;B;FR;?' N5'!;B;FR;?'
94-<,.5*1,1*=,-%8,=,.%#$>N%:14=%#D$R7%),-%941,/8,-,,-%/4I,B*5,-%'4-,I,+,-%(4-)4+% PHPXQJNLQNDQ $'0) XQWXN EHUHNVSDQVL NH ZLOD\DK JHRJUD¿V GDQ VHJPHQ
%>D:>'%EF><:D'G'$!.'5HH'C;?'B:I:F 941,-<<,-% 5,+07% .4.,-H,,2/,-% /454+,),,-% #$>N% ;,-<% /0,2% 84/,1*<08% .4.94+/0,2% @H@M @H@N @H@@
`,B*5% :14=% #D$R% 9,),% 2,=0-% UWUL% ;,-<% .4-<,/*5,2/,-% #D$R% .4.*1*/*% \_7UYg% 8,=,.% (&"+
!;B8?>CB> JKFD:I'%>D:>' /494.*.9*-,--;,%)*%84/2:+%94.5*,;,,-%:2:.:2*H6
JKFD:I'&:I:F L )*%#$>N7%#$>N%)*I,B*5/,-%0-20/%.4-*-</,2/,-%.:),1%)*24.9,2/,-%),-%)*842:+-;,%.4-B,)*%
%EF><:D Z6% #4-):+:-<%>-:T,8*%),-%(+,-8H:+.,8*%"*<*2,1%i%#41,10*%/4,=1*,-%<,50-<,-%),1,.%,-,1*2*/7% O,8%),-%842,+,%/,8 J6]]Z6\]\ J6LZ]6L_J J6U\Y6ZYU
9,1*-<% 84)*/*2% C9U]W6WWW6WWW6WWW% K)0,% +,208% 1*.,% 9010=% .*1*,+% C09*,=M6% D-20/% .4.4-0=*%
91,2H:+.%)*<*2,17%),-%/424+1*5,2,-%941,-<<,-7%!"#$%,/,-%.4.94+349,2%94-<4.5,-<,-%
/E=:D'!:B:? M,HHH,HHH,HHH MHH,HHH,HHH,HHH 94+8;,+,2,-% .:),1% )*24.9,2/,-% ),-% )*842:+% .*-*.0.% 24+845027% #$>N% 54+4-3,-,% 0-20/% '*02,-<%94.5*,;,,-%/:-80.4-%F%-42: UW6J]W6JUY UW6Y\W6YU_ JX6UWL6XUJ
8:108*%94.5*,;,,-%*-:T,2*H%8494+2*%94.5*,;,,-%+,-2,*%9,8:/,-7%8:108*%94.5*,;,,-%D8,=,%
/E=:D'!>B;9E?'=:<'!>9;FC:98:< .4-*-</,2/,-% .:),1% )*24.9,2/,-% ),-% )*842:+-;,% )4-<,-% .4.5,<*/,-% 8,=,.% 5:-08% O43*1%#4-4-<,=7%),-%9*-B,.,-%)*<*2,1%0-20/%.4-)0/0-<%894/2+0.%5*8-*8%),-%/:-80.4-% '*02,-<%94.5*,;,,-%.0+,5,=,=%F%-42: ]6]]J6_UU ]6]UW6WYU L6WZZ6Z]X
2:2,1% 845,-;,/% U6ZUZ6JJU6JU\% 8,=,.% )4-<,-% -*1,*% -:.*-,1% C9]W% K1*.,% 9010=% C09*,=M% 94+% ;,-<%145*=%10,86 '*02,-<%84I,%94.5*,;,,-%F%-42: U6UZ]6Z__ J6LLL6ZWW _J\6WW]
F% A,-/%",-,.:-% _UW6XWW6WWW _U6WXW6WWW6WWW _U7WX 8,=,.7% % /49,),% 8410+0=% 94.4<,-<% 8,=,.% #$>N% ;,-<% 54+,8,1% ),+*% /,9*2,1*8,8*% 2,.5,=,-% 0HQJRSWLPDONDQ (¿VLHQVL 2SHUDVLRQDO GDQ %LD\D ± ,QWHJUDVL 3HQJJDEXQJDQ DNDQ A45,-%)*5,;,+%)*%.0/, UWU6J_W JLZ6WYL JU\6YW]
F% #,8;,+,/,2d X_6ZWW6WWW X6_ZW6WWW6WWW X7_Z .:),1% )*842:+% K,<*:% 8,=,.M% #$>N% 84548,+% C9JJY6J]]6YWY6LWW% K84+,208% 4-,.% 541,8% .*1*,+% PHPEXNDH¿VLHQVLRSHUDVLRQDOGHQJDQPHUDPSLQJNDQSURVHVPHQJRSWLPDONDQMDULQJDQ
+E9:D'/E=:D'!>B;9E?'=:<'!>9;FC:98:< 5,HHH,HHH,HHH 5HH,HHH,HHH,HHH 5HH 84+,208%1*.,%9010=%1*.,%B02,%4-,.%+,208%4-,.%+*50%4.9,2%+,208%C09*,=M%Kb&:I:F'4E<KBcM% 3,5,-<% ),-% ,<4-7% 84+2,% .4.,-H,,2/,-% 80.54+% ),;,% 54+8,.,7% ;,-<% 9,),% ,/=*+-;,% '*02,-<%1,*-F1,*-%F%-42: JX]6YUW ZLJ6WYJ UY\6UUJ
845,<,*.,-,%)*,20+%),1,.%'4+,20+,-%Q?O%N:6%UXV'Q?O6WLVUWUW%24-2,-<%@,=,.%A:-086 PHQJXUDQJLELD\DGDQPHQLQJNDWNDQSUR¿WDELOLWDV !842%)4+*T,2*H YU6\WY J6WWY LW6\\L
&:I:F'!:D:F'1E?9;C;D N,HHH,HHH,HHH NHH,HHH,HHH,HHH
% '4+8420B0,-% 94.4<,-<% 8,=,.% #$>N% ,2,8% 94.5,<*,-% @,=,.% A:-08% 241,=% )*94+:14=% 9,),% ]6% #4.,82*/,-% O41,-<80-<,-% A*8-*8% ),-% O49,20=,-% 24+=,),9% '4+,20+,-% i% !"#$% ',B,/%)*5,;,+%)*%.0/, XZ6\W_ YL6Z_Y LY6JJU
% !"#$%&'(')* +',%)+')* -'$.* &'$'* &#/#+')+* 0'1'/* 23"4* 5')+* /#/&%)5'.* (#&#/.6.(')* CD'@%(,=0-,-%#$>N%;,-<%241,=%)*8414-<<,+,/,-%9,),%=,+*%O,.*87%JX%!9+*1%UWU]6 54+/:.*2.4-% 0-20/% .41,/0/,-% 2+,-8*8*% ;,-<% 1,-3,+% )4-<,-% 843,+,% 9+:,/2*H% .4.*2*<,8*%
+*8*/:% ;,-<% 24+/,*2% )4-<,-% =*1,-<-;,% 941,-<<,-7% /42*),/841,+,8,-% 82+,24<*87% <,-<<0,-% >-T482,8*%),1,.%8,=,. Z_Y6\XW Z\Y6ZYW Y]W
0'1'/* (%$')+* -'$.* 78* 96./'* &#$0#):* -'$.* (#0#6%$%1')* 0'1'/* 5')+* ;#6'1* -.;#/&';(')* -')*
-.0#;<$*&#)%1*-.*23"4= % '4.5,<*,-%@,=,.%A:-08%)*1,/0/,-%54+),8,+/,-%B,)I,1%845,<,*%54+*/02& :94+,8*:-,17%),-%94+8;,+,2,-%/49,20=,-%;,-<%)*242,9/,-%:14=%Q?O%),-%+4<01,2:+%1,*--;,6% >-T482,8*%9,),%4-2*2,8%,8:8*,8* _WJ6JLZ F F
(*.% '4-<<,50-<,-% 54+2,-<<0-<% B,I,5% 0-20/% .4.,82*/,-% 5,=I,% ,/2*T*2,8% *-24<+,8*% !842%242,9%F%-42: U\X6UUU UU_6XWL JYJ6XYZ
N,' 1"%)2.2&(%'!(%'1"%)(6(&(% (89>Z>9:B J:=S:D XQWXN WXMXDQ 3HQJJDEXQJDQ GLODNVDQDNDQ VHFDUD DNXUDW H¿VLHQ GDQ VHVXDL GHQJDQ !842%=,/%<0-,%F%-42: UYZ6]ZL UYU6L\U UY_6JYU
,6% !-<<:2,%"*+4/8*%),-%"4I,-%O:.*8,+*8 B,)I,1%94+,20+,-6
'4-<0.0.,-% +*-</,8,-% +*8,1,=% =,8*1% CD'@% (,=0-,-% ),-% B,)I,1% 84+2,% UU%!9+*1%UWU]% !842%2,/%54+I0B0)%F%-42: U_]6WLY JUW6Y]_ JU\6XUY
' A4+),8,+/,-% !/2,% '4+-;,2,,-% O490208,-% C,9,2% D.0.% '4.4<,-<% @,=,.% (,=0-,-% 2,2,%3,+,%94.5,<*,-%@,=,.%A:-08 N,' /#$%'
!842%9,B,/%2,-<<0=,- Z_X6]L] Z]L6_Y] Z_]6LJX
N:6% __% 2,-<<,1% UX% #,+42% UWUL7% )*50,2% )*% =,),9,-% #,1,% #0/2*7% @6P67% EE6#6% N:2,+*8% )*% a0.%@,=,.%A:-08%)*%',8,+%C4<014+%),-%N4<:8*,8* U\%!9+*1%UWU] % '4-<<,50-<,-% ,-2,+,% #$>N% ),-% !"#$% .4+09,/,-% 1,-</,=% 82+,24<*8% 0-20/% .4-3*92,/,-%
?,/,+2,%;,-<%241,=%)*54+*2,=0/,-%/49,),%#4-=0.%845,<,*.,-,%24+3,-20.%),1,.%@0+,2% !842%1,*-F1,*- LJ6JWJ UZ6WLZ J]6UUW
Gh%@,=,.%A:-08%)*%',8,+%C4<014+%),-%N4<:8*,8* U_%!9+*1%UWU] 94+08,=,,-% 94.5*,;,,-% ;,-<% 145*=% /0,2% ),-% 2,-<<0=% ;,-<% ),9,2% .41,;,-*% /45020=,-%
'4-4+*.,,-% '4.54+*2,=0,-% '4+05,=,-% ",2,% '4+84+:,-% N:6% !PDF!P6WJ6W_FWJLW]]Y7% 941,-<<,-% ),-% 94.,-</0% /494-2*-<,-% )*% *-)082+*% 94.5*,;,,-% :2:.:2*H% >-):-48*,% )4-<,-% +E9:D'(B;9 N@,VWW,5O5 N5,HHY,@@@ @M,WOY,@HV
2,-<<,1%]%!9+*1%UWUL%),-%241,=%)*),H2,+/,-%),1,.%",H2,+%'4+84+:,-%)*%#4-=0.%)*%5,I,=% a0.%@,=,.%A:-08%)*%',8,+%(0-,* ZW%!9+*1%UWU] 145*=% 5,*/6% @45,<,*% 94+08,=,,-% )4-<,-% /4=,)*+,-% +4<*:-,1% ;,-<% /0,2% ),-% =050-<,-%
N:6%!PDFWWXJYLJ6!P6WJ6JJ6(,=0-% UWUL% 2,-<<,1% ]%!9+*1% UWUL% Kb(89:' %E,' OOP@H@McM% B:6% 941,-<<,-% ;,-<% /0,27% #$>N% 241,=% .4.,*-/,-% 94+,-% 94-2*-<% ),1,.% .4-;4)*,/,-% 8:108*% A$(4$A$+(&
!/2,%'4+-;,2,,-%O490208,-%C,9,2%D.0.%'4.4<,-<%@,=,.%(,=0-,-%N:6%JJX%2,-<<,1% (,-<<,1% 94-3,2,2,-% 94.4<,-<% 8,=,.% ;,-<% 54+=,/% .4-4+*.,% @,=,.% ZW%!9+*1%UWU]
A:-08 94.5*,;,,-% ;,-<% .0),=% )*,/848% ),-% )*8480,*/,-6% @41,*-% *207% 94-*-</,2,-% :94+,8*% ),-% '*-B,.,-%;,-<%)*24+*., JW6YY]6LYY _6ZJU6_XU ]6WXZ6W\L
UY%?01*%UWUL7%)*50,2%)*%=,),9,-%#,1,%#0/2*7%@6P67%EE6#6%N:2,+*8%)*%?,/,+2,7%;,-<%241,=% 94-*-</,2,-% /4.,.90,-% 1,;,-,-% .4-B,)*% 94-2*-<% /,+4-,% 94+.*-2,,-% 9,8,+% ;,-<% 24+08%
)*54+*2,=0/,-% /49,),% #4-=0.% 845,<,*.,-,% 24+3,-20.% ),1,.% @0+,2% '4-4+*.,,-% Gh%@,=,.%A:-08%)*%',8,+%(0-,* U%#4*%UWU] A45,-%;,-<%.,8*=%=,+08%)*5,;,+ YZX6XUL _UX6\X] J6ULY6ULL
54+/4.5,-<% )4-<,-% /4.,B0,-% 24/-:1:<*7% .4-*-</,2-;,% 94+8,*-<,-7% ),-% 94+05,=,-%
'4.54+*2,=0,-% '4+05,=,-% ",2,% '4+84+:,-% N:6% !PDF!P6WJ6W_FWUZZX_Y7% 2,-<<,1% 94+,20+,-6 D2,-<%:51*<,8*%i%-42: Y6ZXX6\ZW ]6\\]6JWY L6___6UWX
ZJ% ?01*% UWUL7% ),-% 241,=% )*),H2,+/,-% ),1,.% ",H2,+% '4+84+:,-% )*% #4-=0.% )*% 5,I,=% N:6% '4+.:=:-,-% 94-3,2,2,-% 8,=,.% 2,.5,=,-% ;,-<% 54+,8,1% ),+*% @,=,.% JL%#4*%UWU]
A:-08 % '4-<<,50-<,-%*-*%)*.,/80)/,-%0-20/%.4-<,.,-/,-%-*1,*%B,-</,%9,-B,-<%),-%/454+1,-B02,-% D2,-<%1,*-F1,*- J6UZ]6UU\ J6]__6WYX J6XWL6ZUY
!PDFWJ]X]X\6!P6WJ6JJ6(!PDN% UWUL% 2,-<<,1% ZJ% ?01*% UWUL% Kb!/2,% N:6% JJXVUWULcM% B:6%
!/2,%'4+-;,2,,-%O490208,-%C,9,2%D.0.%'4.4<,-<%@,=,.%(,=0-,-%N:6%JUX%2,-<<,1% '4.5,<*,-%@,=,.%A:-08 UU%#4*%UWU] ELVQLV0),1VHNDOLJXVPHPEHULNDQPDQIDDWVLJQL¿NDQEDJLVHPXDSHPDQJNXNHSHQWLQJDQ E*,5*1*2,8%84I, JZX6_X\ JL\6WL\ JY\6Y\\
U]% #,+42% UWU]7% )*50,2% )*=,),9,-% #,1,% #0/2*7% @6P67% EE6#6% N:2,+*8% )*% ?,/,+2,7% ;,-<% 24+.,80/& D2,-<%9,B,/ JZY6J]U J\W6X_Y ZWU6JLX
'4-3,2,2,-%8,=,.%2,.5,=,-%)*%AG> UZ%#4*%UWU]
241,=% )*54+*2,=0/,-% /49,),% #4-=0.% 845,<,*.,-,% 24+3,-20.% ),+*% @0+,2% '4-4+*.,,-% J6% #4.,82*/,-% O41,-<80-<,-% A*8-*8% ),-% #4.94+2,=,-/,-% '41,-<<,-% i% "4-<,-% E*,5*1*2,8%)4+*T,2*H X]6LJY F ]6Y_Z
'4.54+*2,=0,-% '4+05,=,-% ",2,% '4+84+:,-% N:6% !PDF!P6WJ6W_FWJXZXY]7% 2,-<<,1% UX% '4-;,.9,*,-% =,8*1% ,0)*2% 1,9:+,-% 94.5,<*,-% @,=,.% A:-08% ;,-<% 241,=% ]%?0-*%UWU]
.41,/0/,-%*-24<+,8*%/4%!"#$7%941,-<<,-%#$>N%;,-<%80),=%,),%,/,-%24+08%.4-4+*.,% E*,5*1*2,8%*.5,1,-%/4+B, _ZL6\UZ _\U6JXU _UL6LZW
#,+42%UWU]%),-%241,=%)*),H2,+/,-%),1,.%",H2,+%'4+84+:,-%)*%#4-=0.%)*%5,I,=%N:6%!PDF )*94+*/8,%:14=%!/0-2,-%'051*/%/49,),%Q?O%',8,+%#:),1
8:108*%94.5*,;,,-%;,-<%,-),1%),-%54+/0,1*2,8%2*-<<*7%)4-<,-%.,-H,,2%2,.5,=,-%8494+2*%
WWXLLYU6!P6WJ6JJ6(!PDN% UWU]% 2,-<<,1% UX% #,+42% UWU]7% 8080-,-% "*+4/8*% ),-% "4I,-% '4-;,.9,*,-%!/2,%'4+05,=,-%!-<<,+,-%",8,+%#$>N%.4-<4-,*% _%?0-*%UWU] @0/0/%.0)=,+,5,= \ZJ6\ZW \]_6WWW LLJ6WWW
94+10,8,-%94-,I,+,-%1,;,-,-7%*-:T,8*%)*<*2,17%),-%1,-),8,-%/40,-<,-%;,-<%145*=%/0,26%
O:.*8,+*8%!"#$%8,,2%*-*%,),1,=%845,<,*%54+*/02& 94-,.5,=,-%.:),1%)*24.9,2/,-%),-%)*842:+%#$>N%/49,),%#4-=0. (+,-8*8*% *-*% ,/,-% )*/41:1,% )4-<,-% 34+.,2% 0-20/% .4.*-*.,1/,-% <,-<<0,-% ),-% .4-B,<,% +E9:D%A>:R>D>9:B @5,HN@,MMY 5O,WOV,HNX 5M,WXM,W5O
"*+4/8* '4+:14=,-%94+8420B0,-%#4-=0.%,2,8%94+05,=,-%!-<<,+,-%",8,+%#$>N% _%?0-*%UWU] /494+3,;,,-%941,-<<,-6
U6% #4.94+2,=,-/,-% ),-% #4-*-</,2/,-% O4/0,2,-% #$>N% i% #48/*90-% #$>N% ,/,-% "*2$+(&
%E, 1EB>B> %:F: .4-<4-,*%94-,.5,=,-%.:),1%)*24.9,2/,-%),-%)*842:+%#$>N
.4-<<,50-</,-% )*+*% /4% !"#$7% /4,=1*,-% 9,8,+% +4<*:-,1-;,7% B,+*-<,-% 3,5,-<7% ),-% #:),1%8,=,. JWW6WWW JWW6WWW JWW6WWW
J "*+4/20+%D2,., >%"4I,%#,)4%@08*1,% '4-;,.9,*,-% 1,9:+,-% 94-;4148,*,-% 94.5,<*,-% @,=,.% A:-08% )*84+2,*% JJ%?0-*%UWU] =050-<,-%941,-<<,-%,/,-%24+08%)*.,-H,,2/,-%0-20/%.4-)0/0-<%82+,24<*%94+20.50=,-%
)4-<,-% 1,9:+,-% /40,-<,-% #$>N% 94+% ZJ% #4*% UWU]% ;,-<% )*2,-),2,-<,-*% (,.5,=,-%.:),1%)*842:+ Y6X]W Y6X]W Y6X]W
U "*+4/20+ @I,-),B,-*%R0-,)*% !"#$6%'4-<<,50-<,-%)*1,/0/,-%)4-<,-%.4.94+2,=,-/,-%/4;%2,14-27%9+,/2*/%:94+,8*:-,1%
:14=% "*+4/8*% ;,-<% .4-0-B0/,-% 94-*-</,2,-% .:),1% #$>N% ,/*5,2% 24+5,*/7%),-%I,I,8,-%941,-<<,-%;,-<%54+=,+<,%0-20/%.4.,/8*.,1/,-%8*-4+<*6 @,1):%1,5,
Z "*+4/20+ N*/:%O0+-*,I,-%A:-<<:I,+8*2: 94.5,<*,-%@,=,.%A:-086 Z6% #4.94+10,8% '410,-<% '4+20.50=,-% 5,<*% '41,-<<,-% ),-% O,+;,I,-% i% #41,10*% (41,=%)*24-20/,-%94-<<0-,,--;, ULU6]X\ UUZ6JZX UWX6W\U
L "*+4/20+ P,++;%E,2*H% '4+/*+,,-% 2,-<<,1% 94-3,2,2,-% 94+05,=,-% 94.4<,-<% 8,=,.% #$>N% )*% JY%?0-*%UWU] '4-<<,50-<,-% *-*7% 941,-<<,-% #$>N% ,/,-% .4.94+:14=% ,/848% /4% 54+5,<,*% 9+:)0/% A410.%)*24-20/,-%94-<<0-,,--;, JJ6UW\6J_\ JW6X\Z6WLX _6XUJ6_ZX
] "*+4/20+ "4--;%C*^,%$,+*5 94.5*,;,,-%;,-<%145*=%10,87%24+.,80/%8:108*%)*<*2,1%;,-<%*-:T,2*H%),-%1,;,-,-%/40,-<,-%
8*824.%Q?O%>ONA6 '4+05,=,-%-*1,*%I,B,+%,2,8%*-T482,8*%
;,-<%)*94+10,86%O,+;,I,-%B0<,%,/,-%.4-),9,2/,-%/40-20-<,-%),+*%94-*-</,2,-%9410,-<%
Y "*+4/20+ @;1T,-08%R,-*%O0/0=%#4-)+:H, 94+20.50=,-%/,+*4+%845,<,*%5,<*,-%),+*%:+<,-*8,8*%;,-<%145*=%548,+%)4-<,-%/4=,)*+,-% ),1,.%8,=,.%;,-<%)*0/0+%9,),%-*1,*%I,B,+% _6]\\ F F
%% ?,)I,1%*-)*/,2*H%94.5,<*,-%@,=,.%A:-08%)*%,2,8%80),=%)*8480,*/,-%)4-<,-%B,)I,1%*-)*/,2*H% .41,10*%94-<=,8*1,-%/:.9+4=4-8*H%1,*-
X "*+4/20+ (,/,-:+*%#*^0-: '4-<<,50-<,-7% )*.,-,% 94-;4148,*,-% 94-3,2,2,-% ,2,8% @,=,.% A:-08% )*% 8*824.% Q?O% >ONA% 9,8,+%;,-<%/0,26
\ "*+4/20+ @*<*2%P4-)+,%R0-,I,- )*+4-3,-,/,-%84148,*%845410.%)*94+:14=-;,%94+8420B0,-%Q?O%>ONA%,2,8%'4-<<,50-<,-6 0HPDQIDDWNDQ (¿VLHQVL 'LJLWDO GDQ 2SHUDVLRQDO ± ,QWHJUDVL 0),1 NH $'0) XQWXN O4+0<*,-%/0.01,2*H%,2,8%*-82+0.4-%
20B0,-% '4-<<,50-<,-% .4.0-</*-/,-% 94-*-</,2,-% ;,-<% )*):+:-<% :14=% 24/-:1:<*% KJJ6ZXWM KXL\M KZ6Z\ZM
_ "*+4/20+ C*3/;%R0-,I,-d )4+*T,2*H%0-20/%1*-)0-<%-*1,*%,+08%/,8%F%-42:
% @4241,=% 941,/8,-,,-% 94.5,<*,-% @,=,.% A:-08% ),-% 94-3,2,2,-% 94+05,=,-% 94.4<,-<% ),1,.% 9+:848% 94.5*,;,,-7% .,-,B4.4-% +*8*/:7% ),-% /424+1*5,2,-% 941,-<<,-6% (+,-8*8*% +E9:D'"8K>9:B 55,VVV,YMM 55,55@,5WX 5H,HN@,NWX
% !>?#(;.?* /#)@',';* 0#;#6'1* /#)-'&';(')* &#$0#;%@%')* %@.* (#&';%;')* -')* (#6'5'(')* -'$.* 8,=,.%#$>N%),1,.%8*824.%Q?O%>ONA7%.,/,%82+0/20+%94+.:),1,-%),-%8080-,-%94.4<,-<% LQL DNDQ PHQLQJNDWNDQ H¿VLHQVL OD\DQDQ PHPSHUOXDV DNVHV GLJLWDO GDQ PHQFLSWDNDQ
ABC= 8,=,.%#$>N%,/,-%.4-B,)*%845,<,*%54+*/02& 94-<,1,.,-%941,-<<,-%;,-<%145*=%1,-3,+6 +E9:D'A>:R>D>9:B'=:<'"8K>9:B N@,VWW,5O5 N5,HHY,@@@ @M,WOY,@HV
Page 2
INVESTOR DAILY – RABU 30 APRIL 2025 | 11
!"# $%&'(%)#$%!%#*+,-#.%)#/0).%&%1%)#2'3&(040)5-6#$%-))7% @"9G&,&9*&() *"C"(C-&() C"9,"$-C) G%) &C&,Q) ,"C%&?) ?"#"A&(A) ,&;&#) !"9-,&;&&() !","9C&) 02/)="C"B&;) ?"(\&$-C&() %g%() -,&;&) 8MNO) +B";) YZRQ) 8MNO) >&:%$) #"#&C-;%) G&() #"#"(-;%) $%&'(%)#/'5-5-#20+%),%)#J.-5%Z-T%)#.%I%3#Z+1%%)#*+&-%4K
!"(AA&$-(A&() $"9;&*) -(C-*) #"#%B%;) #"(:&G%) ?"#"A&(A) ,&;&#) !"9-,&;&&() !"("9%#&) ?"9,'&9&C&()G&()C&C&)\&9&)B%*-%G&,%)$"9G&,&9*&()!"9&C-9&()YZR)65X<2<2/
89#:0503!0(# 89#:0503!0(# 89#:0503!0(# !"(AA&$-(A&() &C&-) H&I) #"(:-&B) ,&;&#) '&(A) G%#%B%*%('&) G%) 8MNO) *"?&G&) 8MNOQ) &C&-) H$I) Q-51'(-5##
;<;= ;<;8 ;<;; 00/) !"(AA&$-(A&() G%B&*-*&() G"(A&() #"B&*-*&() ?"9-$&;&() C"9;&G&?) S(AA&9&() P&,&9) /A#@.-(%# Q-51'(-5##
#"(:-&B) ,&;&#) '&(A) G%#%B%*%('&) G%) SP8M) *"?&G&) @&(*) P&(&#+(Q) ,"$&A&%) ?%;&*) '&(A)
/>?:@/@A@? SP8M)#"(A"(&%)?"(&#$&;&()#+G&B)G%C"#?&C*&()G&()G%,"C+9)*&9"(&)?"("9$%C&(),&;&#) :-)%3-T%# /A#N%).%I%#
G%C-(:-*)+B";)SP8M),"$&A&%)?"#$"B%),%&A&)H_!"#$"B%)=%&A&)SP8M`I/
$&9-)*"?&G&)?"#"A&(A),&;&#)8MNO),"$&A&%)!"9-,&;&&()d&(A)8"#$-$&9*&()P%9%/ N+I1-#S-)%)^0# 0XOWL¿QDQFH /0)705+%-%)#
!"#$%&'&&()*+(,-#"( ./012/345 ./260/55. 4/757/.56 9"# /030,%),#L%4%3#7%),#5%4%3)7%#.%&%1#.-!0I-#T03!%I-#'I04#NSR?#%1%+#/03!0I-#L-%,%# A!T A!T &('6'(3% /('6'(3%
8&9:%()#-9&$&;&; 0/4.0/461 0/63</3.2 0/014/0.7 0</)YB";) *&9"(&) !"(AA&$-(A&() G%B&*-*&() &(C&9&) !"9-,&;&&() !","9C&) !"(AA&$-(A&()
@:NS# @L>A
'&(A)G%*"(G&B%*&()+B";)?%;&*)'&(A),&#&)H'&%C-)8JMFIQ)#&*&)!"(AA&$-(A&()C"9,"$-C)
=">&)?"#$%&'&&( <../644 065/3.< .3/<<2 ) !"#"A&(A),&;&#)'&(A)G%$"9%)*","#?&C&()-(C-*)#"(A&:-*&()?"9#+;+(&()&A&9),&;&#('&) GLNDWHJRULNDQVHEDJDL³7UDQVDNVL$¿OLDVL´VHEDJDLPDQDGLPDNVXGGDODP32-. R&,)G&(),"C&9&)*&,
@&A%&()B&$&)$"9,%;)"(C%C&,)&,+,%&,% <2/002 D D G%$"B%) +B";) 8MNO) &C&-) !"#$"B%) =%&A&) SP8M) H,"$&A&%#&(&) 9"B"^&(I) H_/03'4')`I) &G&B&;) C"9#&,-*) #"(-(:-*) RZ!!) RL) -(C-*) #"(%B&%) (%B&%) >&:&9) G&() *">&:&9&() !"(AA&$-(A&()
GDQ PHQJXPXPNDQ NHWHUEXNDDQ LQIRUPDVL WUDQVDNVL D¿OLDVL EHUXSD 3HQJJDEXQJDQ R&, 005Q42< 76Q40< 04<Q206
E&%(DB&%( 0/142/121 0/374/67. 0/527/751 #"9"*&)'&(A])
*"?&G&)?-$B%*/) R&,)G%)$&(*
ABA@$#/>?:@/@A@? C"CDC"DD< C"E<F"C8= D"8=<"=8G &/) (&#&('&)C"9\&C&C)G&B&#)P&KC&9)!"#"A&(A)=&;&#)!"9-,&;&&()!","9C&)!"(AA&$-(A&() !%;&*)*"C%A& 432Q3.2 <.1Q211 361Q141
?&G&) C&(AA&B) 6) Z-(%) <2<4) ?-*-B) 0./22) UN@Q) '&%C-) 0) H,&C-I) ;&9%) ,"$"B-#) C&(AA&B) 07/)=",-&%)G"(A&()*"C"(C-&()!&,&B).<)&'&C)H0I)JJ!TQ),"C%&?)?"#"A&(A),&;&#)!"9-,&;&&()
!%;&*)$"9"B&,% 344Q61. 020Q542 145Q<6.
?"#&(AA%B&()LJ!=E@)!"9-,&;&&()!","9C&)!"(AA&$-(A&(e !","9C&) !"(AA&$-(A&() $"9;&*) #"#%(C&) !"9-,&;&&() !","9C&) !"(AA&$-(A&() '&(A)
H>H@? !%-C&(A)?"#$%&'&&()*+(,-#"()
$/) C"B&;)#"#$"9%*&(),-&9&)C%G&*),"C-:-)?&G&)LJ!=E@)!"9-,&;&&()!","9C&)!"(AA&$-(A&() $"9,&(A*-C&()-(C-*)#"#$"B%)*"#$&B%),&;&#('&)G"(A&();&9A&)'&(A)>&:&9)&?&$%B&)C%G&*)
F&:%)G&()C-(:&(A&( H</634/.<2I H</601/57<I H</726/6<6I #"(A"(&%)&A"(G&)?"9,"C-:-&()!"(AA&$-(A&(e)G&() #"('"C-:-%) C%(G&*&() !"9-,&;&&() !","9C&) !"(AA&$-(A&() '&(A) #"9-A%*&() ?"#"A&(A) j),"C"B&;)G%*-9&(A%)*"9-A%&()
@"$&()$-(A&)G&()*"-&(A&( H0/<16/200I H13</011I H522/077I ,&;&#) $"9-?&) !"(AA&$-(A&(/) !"#$"B%&() *"#$&B%) ,&;&#) C"9,"$-C) G%B&*-*&() G"(A&() ?"(-9-(&()(%B&%
\/) G&B&#)?"9%+G")C&(AA&B)7D04)Z-B%)<2<4Q)C"B&;)#"('&#?&%*&(),-9&C)?"9('&C&&()*","G%&&()
-(C-*) #"(:-&B) ,&;&#) H_M+9#-B%9) !"9('&C&&() !"(:-&B&() =&;&#`I) *"?&G&) !"9-,&;&&() #"#?"9;&C%*&() *"C"(C-&() G&B&#) !&,&B) 75) &'&C) H0I) JJ) !"9,"9+&() T"9$&C&,) '&(A) !%;&*)*"C%A& <2Q067Q046 4Q355Q.75 H<Q02.Q00.I <7Q106Q.54
!"('%,%;&()*"9-A%&()?"(-9-(&()(%B&% H</<<4/50.I H0/.65/.46I H0/<44/.52I
!","9C&)!"(AA&$-(A&()'&(A)$"9,&(A*-C&()G%,"9C&%)G"(A&()G+*-#"()'&(A)#"#$-*C%*&() #"('&C&*&()$&;>&)?"#$"B%&()*"#$&B%),&;&#)C"9,"$-C)C%G&*)#"(A&*%$&C*&()*"*&'&&() !%;&*)$"9"B&,% .Q15< D D .Q15<
J#-#)G&()&G#%(%,C9&,% H0/460/07.I H0/773/16<I H0/7<2/1<0I $"9,%;),"C%&?)!"9-,&;&&()!","9C&)!"(AA&$-(A&()#"(:&G%)B"$%;)*"\%B)G&9%),"B-9-;)#+G&B)
*"?"#%B%*&()'&(A),&;)&C&,),&;&#)!"9-,&;&&()!","9C&)!"(AA&$-(A&()G&()$-*C%)'&(A) !%-C&(A)?"#$%&'&&()#-9&$&;&;)
!"#&,&9&( H.<6/117I H.00/437I H.47/6<2I \-*-?) $&;>&) !"(AA&$-(A&() C"9,"$-C) #"9-A%*&() ?"#"A&(A) ,&;&#) &C&-) #"9-A%*&() '&()G%C"#?&C*&()G%C&#$&;)\&G&(A&()>&:%$)'&(A)C"B&;)G%,%,%;*&()G&():-#B&;)(%B&%)(+#%(&B) j),"C"B&;)G%*-9&(A%)*"9-A%&()
@&A%);&,%B),-*-*)#-G;&9&$&; H.0/454I H<1/137I H<1/062I !"9-,&;&&()!","9C&)!"(AA&$-(A&()H_P+*-#"()!"(G-*-(A`I/)@-*C%)'&(A)\-*-?)$"9&9C%) ,"B-9-;),&;&#)'&(A)G%$"B%)*"#$&B%)+B";),"C%&?)!"9-,&;&&()!","9C&)!"(AA&$-(A&()C%G&*) ?"(-9-(&()(%B&%
E&%(DB&%( H6/407I H4/05<I H75/226I G+*-#"(XG&C&X%(K+9#&,%) C"9C-B%,) '&(A) ,&;Q) &,B%) G&() G&?&C) G%?"9C&(AA-(A:&>&$*&() G%) #"B"$%;%) 02Q22b) G&9%) #+G&B) G%C"#?&C*&() !"9-,&;&&() !","9C&) !"(AA&$-(A&() C"9*&%C/) !%;&*)*"C%A& 4Q440Q075 D 1..Q540 .Q405Q333
;&G&?&();-*-#)'&(A)$"9B&*-)G%)N(G+(",%&/ @"9G&,&9*&()*"C"(C-&()C"9,"$-C)G%)&C&,Q),"C%&?)?"#"A&(A),&;&#)!"9-,&;&&()!","9C&) !%;&*)$"9"B&,% 534 D D 534
A'1%I#H0!%) JD";8F"EG=K JF"<8E";GEK JG"8<<"F9;K !"(AA&$-(A&()$"9;&*)-(C-*)#"#%B%;)#"(:&G%)?"#"A&(A),&;&#)!"9-,&;&&()!"("9%#&)
) M+9#-B%9)!"9('&C&&()!"(:-&B&()=&;&#)'&(A)C"B&;)G%C&(G&C&(A&(%)HG%,"9C&%)G"(A&()P+*-#"() !%-C&(A)?"#$%&'&&()#-,'&9&*&;)
!"(AA&$-(A&()&C&-)H&I)#"(:-&B),&;&#)'&(A)G%#%B%*%('&)G&B&#)8MNO)*"?&G&)8MNOQ)&C&-)
$@H@#L>H>$MN#H>H@?#/@O@2# !"(G-*-(AI) >&:%$) G%,&#?&%*&() *"?&G&) @%9+) SG#%(%,C9&,%) cK"*) H_@Sc`I) '&(A) G%C-(:-*) +B";) #-C&(&f%,&;)j),"C"B&;)G%*-9&(A%)
H$I)#"(:-&B),&;&#)'&(A)G%#%B%*%('&)G%)SP8M)*"?&G&)!"#$"B%)=%&A&)SP8M/
/>?PQ@LR$@? 9"FE;"89G ;"=F;"GGC ;"<8C"F;= !"9-,&;&&()!","9C&)!"(AA&$-(A&(/ *"9-A%&()?"(-9-(&()(%B&% D D 0Q040Q623 0Q040Q623
@"$&()?&:&*)?"(A;&,%B&( H764/.76I H4<3/.<<I H676/0.1I 06/)@"9G&,&9*&() !&,&B) 046S) ;-9-K) H&I) JJ) R"C"(&A&*"9:&&() :+/) !&,&B) 60) !!) 74X<2<0Q) !%-C&(A),">&)?"#$%&'&&(j),"C"B&;)
) S?&$%B&)C"9G&?&C)?"#"A&(A),&;&#)!"9-,&;&&()!","9C&)!"(AA&$-(A&()'&(A)#"(A&:-*&() ,"C%&?) *&9'&>&() !"9-,&;&&() !","9C&) !"(AA&$-(A&() $"9;&*) #"#%(C&) ?"#-C-,&() G%*-9&(A%)*"9-A%&()?"(-9-(&()(%B&% <Q<74Q711 D D <Q<74Q711
$@H@#A@QM?#H>*O@$@? 9"=<G"GD; 9"C=="<=F 9"G<E"EEE ?"9#+;+(&()?"#$"B%&(),&;&#)+B";)8MNO)&C&-)!"#$"B%)=%&A&)SP8M)H,"$&A&%#&(&)9"B"^&(IQ) ;-$-(A&()*"9:&):%*&)'&(A)$"9,&(A*-C&()C%G&*)$"9,"G%&)$"*"9:&)G%)!"9-,&;&&()!"("9%#&)
C"C&?%)C%G&*)#"#"(-;%)?+%()H&IQ)H$IQ)G&()H\I)G%)&C&,Q)#&*&)?"#"A&(A),&;&#)C"9,"$-C)C%G&*) @"$&()G%$&'&9)G%)#-*&
!"(G&?&C&()*+#?9";"(,%K)B&%(('&/) !"(AA&$-(A&() ,"C"B&;) ?"B&*,&(&&() !"(AA&$-(A&(/) P"#%*%&() ?-B&Q) !"9-,&;&&()
3/35. H.0/<65I 35/641 $"9;&*) #"(A&:-*&() ?"9#+;+(&() ?"#$"B%&() ,&;&#) +B";) 8MNO) &C&-) !"#$"B%) =%&A&)SP8M) !%;&*)*"C%A& 043Q075 <<Q706 H074I 032Q70.
,"C"B&;)G%*-9&(A%)?&:&* !","9C&) !"(AA&$-(A&() :-A&) $"9;&*) -(C-*) #"#$"9;"(C%*&() *&9'&>&(('&) :%*&)
H,"$&A&%#&(&)9"B"^&(I/ !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() C%G&*) $"9*"(&() #"#?"*"9:&*&() *&9'&>&() !%;&*)$"9"B&,% 66Q247 1 0<4) 66Q035
ABA@$#/>?PQ@LR$@?#
2BN/*>Q>?LRS#$@R?#A@QM?# 9"=9E"EED 9"DD;"D<< 9"GC8"<9= C"9,"$-C),"C"B&;)?"B&*,&(&&()!"(AA&$-(A&(/ !%-C&(A)B&%(DB&%()j)("C+
) !"#+;+()'&(A)#"#%B%*%),&;&#)G&B&#)$"(C-*)>&9*&C)G&()$"9#&*,-G)#"(&>&9*&(),&;&#('&)
H>*O@$@? >&:%$)#"#$-*&)9"*"(%(A)"K"*)?&G&)?"9-,&;&&()"K"*X$&(*)*-,C+G%&()G&()#"B&*-*&()*+(^"9,%) !%;&*)*"C%A& 0<0Q730 72Q323 H0<Q766I 071Q364)
) T%G&*)&G&)9"(\&(&)?"9-$&;&(),C&C-,Q)?+,%,%Q),'&9&C)G&()*"C"(C-&()*"C"(&A&*"9:&&(Q)&C&-)
,&;&#) G&B&#) $"(C-*) >&9*&C) #"(:&G%) ,&;&#) C&(?&) >&9*&C) G"(A&() #"#$-*&) ,-$9"*"(%(A) *"$%:&*&(),-#$"9)G&'&)#&(-,%&)'&(A)$"9B&*-)$&A%)*&9'&>&()SP8M),"$&A&%)&*%$&C)G&9%) !%;&*)$"9"B&,% 46Q<71 D D 46Q<71
;"# NSR?#
"K"*) ?&G&) ?"9-,&;&&() "K"*X$&(*) *-,C+G%&() G"(A&() #"('&#?&%*&() ,-9&C) *+B"*C%K) ,&;&#) !"(AA&$-(A&(/ S,"C)G"9%^&C%K .<Q32. 3Q<.7 D 50Q2.1
) L%(A*&,&() G&C&) *"-&(A&() -C&#&) 8MNO) -(C-*) C&;-() $-*-) '&(A) $"9&*;%9) ?&G&) C&(AA&B) 70) *"?&G&)@Sc)'&(A)G%C-(:-*)+B";)!"9-,&;&&()!","9C&)!"(AA&$-(A&(/)@%&'&)*+(^"9,%),&;&#) !&:&*)G%$&'&9)G%)#-*& 57Q321 D D 57Q321
P","#$"9)<2<<Q)<2<7Q)G&()<2<6Q)G%,-,-()$"9G&,&9*&()B&?+9&()*"-&(A&()'&(A)C"B&;)G%&-G%C) ,"?"(-;('&) G%C&(AA-(A) +B";) !"#+;+(/) ="C%&?) !"#+;+() '&(A) #"#?-('&%) ,&;&#) >&9*&C) ) P"(A&() #"#?"9C%#$&(A*&() *"$-C-;&() C"(&A&) *"9:&) -(C-*) #"(:&#%() *"B&(A,-(A&()
-,&;&) 8MNO) +B";)SP8M) ?&,\&) !"(AA&$-(A&(Q) #&(&:"#"()SP8M) &*&() #"(&>&9*&() N(^",C&,%)G&B&#),&;&#Q)?%;&*)$"9"B&,% 71.Q352 D D 71.Q352
+B";)R&(C+9)S*-(C&()!-$B%*)T&(-G%9"G:&Q)U%$%,&(&Q)L%(C%,)V)L"*&()H-(C-*)70)P","#$"9)<2<<) G&()$"9#&*,-G)#"(A*+(^"9,%*&(),&;&#('&)#"(:&G%),&;&#)C&(?&)>&9*&C)>&:%$)#"#&,C%*&()
V) <2<7I) G&() R&(C+9)S*-(C&() !-$B%*) E%&(&) L&#+() W"(%&) V) L"*&() H&(AA+C&) H,"$&A&%#&(&) *"?&G&) *&9'&>&() 8MNO) *","#?&C&() -(C-*) $"*"9:&) ,"$&A&%) *&9'&>&() SP8M) ?&,\&) N(^",C&,%)?&G&)"(C%C&,)&,+,%&,% 120Q067 D H120Q067I D
,&;&#)C"9,"$-C)C"B&;)C"9\&C&C)&C&,)(&#&('&)G&B&#)P&KC&9)!"#"A&(A)=&;&#)!"9,"9+&()?&G&)
%,C%B&;) C"9,"$-C) G%A-(&*&() G&B&#) !"9&C-9&() 8"(C"9%) R"-&(A&() O+#+9) 03.X!8R/20X<2<0) C&(AA&B)6)Z-(%)<2<4)?-*-B)0./22)UN@/ !"(AA&$-(A&()$"9G&,&9*&();-$-(A&()*"9:&)$&9-)G"(A&()SP8M),",-&%)G"(A&(),'&9&C) S,"C)C"C&?)j),"C"B&;)G%*-9&(A%)&*-#-B&,%)
G&() !"9&C-9&() YC+9%C&,) Z&,&) R"-&(A&() O+#+9) 1) T&;-() <2<7I) G&9%) P"B+%CC") =+-C;"&,C) G&() *"C"(C-&() '&(A) &*&() G%C"C&?*&() ,"\&9&) >&:&9) +B";) #&(&:"#"() SP8M/) ="$&A&%) ?"('-,-C&( <35Q<<< <24Q2.2 H<1Q012I 6.7Q21<
S,%&) E%#%C"GI) HG&;-B-) G%*"(&B) ,"$&A&%) R&(C+9) S*-(C&() !-$B%*) N#"BG&) V) L"*&(I) H-(C-*) 70) ;"# Q%(,%#L%4%3 C%(G&*)B&(:-C)&C&,)?"(&>&9&()C"9,"$-CQ)8MNO)&*&()#"('"B",&%*&();-$-(A&()*"9:&)G"(A&() S,"C);&*)A-(&)j),"C"B&;)G%*-9&(A%)
P","#$"9) <2<6I/) [&,%B) &-G%C) C"9,"$-C) #"(A;&,%B*&() +?%(%) >&:&9) C&(?&) ?"(A"\-&B%&(/) P&C&) ,"B-9-;) *&9'&>&(('&) '&(A) &*&() $"9B&*-) "K"*C%K) ?&G&) T&(AA&B) cK"*C%K) !"(AA&$-(A&(/) &*-#-B&,%)?"('-,-C&( <.7Q476 D <1Q012 <1<Q5<6
*"-&(A&()G%,&:%*&()G&B&#):-C&&()L-?%&;),"$&A&%)$"9%*-C] ) !"9#+;+(&() -(C-*) %*-C) ,"9C&) G&B&#) ?"#$"B%&() *"#$&B%) ,&;&#) +B";) 8MNO) &C&-) !"#$"B%)
=%&A&)SP8M)H,"$&A&%#&(&)9"B"^&(I);&9-,)G%&:-*&()$"9G&,&9*&(),'&9&C)G&()*"C"(C-&()'&(A) [&*)G&()*">&:%$&(),"B-9-;)*&9'&>&()8MNO)&*&()G%,"B",&%*&(),",-&%)G"(A&()*"C"(C-&() S,"C)C&*)$"9>-:-G)j),"C"B&;)G%*-9&(A%)
%"# $%&'(%)#/'5-5-#20+%),%) C"9\&(C-#)G&B&#)M+9#-B%9)!"9('&C&&()!"(:-&B&()=&;&#/ %(C"9(&B)8MNO)G&()?"9&C-9&()?"9-(G&(AD-(G&(A&()'&(A)$"9B&*-/ &*-#-B&,%)&#+9C%,&,% <14Q26. 63Q4<7 D 767Q4.1
) SP8M) G&() 8MNO) $"9*+#%C#"() -(C-*) #"#&C-;%) G&() #"#"(-;%) *"C"(C-&() %(C"9(&B) G&() S,"C)?&:&*)C&(AA-;&( 715Q464 30Q4.. D 651Q000
89#:0503!0(# 89#:0503!0(# 89#:0503!0(# SP8M
;<;= ;<;8 ;<;; ?"9&C-9&() ?"9-(G&(AD-(G&(A&() '&(A) $"9B&*-) #"(A"(&%) ?"('"B",&%&() ,C&C-,Q) ;&*Q) G&() J&(A)#-*& D 4Q271 H4Q271I D
) SP8M)#"(AA-(&*&()&\-&();&9A&)?"#$"B%&()*"#$&B%),&;&#),"$",&9)L?)1/23<)?"9)B"#$&9) *">&:%$&()&(AA+C&)P%9"*,%Q)P">&()R+#%,&9%,Q)P">&()!"(A&>&,)='&9%&;Q)G&()*&9'&>&() S,"C)B&%(DB&%( 60Q020 D .Q.40 65Q54<
@L>A ,&;&#) '&(A) #"9-?&*&() ;&9A&) ?"(-C-?&() 9&C&D9&C&) ?"9G&A&(A&() ;&9%&() G%) @cN) ,"B&#&) 12) '&(A)C"9G&#?&*)&*%$&C)!"(AA&$-(A&(/
R&,)G&(),"C&9&)*&, 624/7.0 0/743/522 0/400/173 H,"#$%B&()?-B-;I);&9%)*&B"(G"9)C"9&*;%9),"$"B-#)C&(AA&B)?"9,"C-:-&()P">&()R+#%,&9%,)SP8M) ABA@$#@L>A 8;YEDDY9C9 GYGD=YED< JDCCYD=;K 8DY8F;YC;C
?&G&)<3)S?9%B)<2<4)&C&,)!"(AA&$-(A&(/ 04/)@"9G&,&9*&() !!) 45X<202) :+/) !"9&C-9&() R!!J) 7X<2<7Q) ?"(AA&$-(A&() -,&;&) '&(A)
!%-C&(A)?"#$%&'&&()*+(,-#"()D)("C+ 4/355/.75 6/17./271 6/56</.41
#"#"(-;%)*9%C"9%&)C"9C"(C-)>&:%$)G%$"9%C&;-*&(),"\&9&)C"9C-B%,)*"?&G&)R!!J)G&B&#)>&*C-) $%&'(%)#/'5-5-#20+%),%)#J.-5%Z-T%)#.%I%3#Z+1%%)#*+&-%4K
!%-C&(A)B&%(DB&%()D)("C+ 72/323 67/107 73/747 8MNO ?&B%(A) B&#&) 72) [&9%) R"9:&) ,":&*) C&(AA&B) ?"(AA&$-(A&() C"9,"$-C) #"#?-('&%) *"*-&C&()
S,"C)G"9%^&C%K 3/<.7 101 </260 ;-*-#) C"C&?) H_/03!0(-1%4+%)`I/) !!) 45X<202) G&() !"9&C-9&() R!!J) O+#+9) 7X<2<7) Q-51'(-5##
) 8MNO)#"(AA-(&*&()&\-&();&9A&)?"#$"B%&()*"#$&B%),&;&#),"$",&9)L?)7/6<.)?"9)B"#$&9) /A#@.-(%# Q-51'(-5##
@"$&()G%$&'&9)G%)#-*& <</7<7 <4/405 07/.60 ,&;&#) '&(A) #"9-?&*&() ;&9A&) ?"(-C-?&() 9&C&D9&C&) ?"9G&A&(A&() ;&9%&() G%) @cN) ,"B&#&) 12) #"#-&C) ,&C-) ?"(A"\-&B%&(Q) '&%C-) *">&:%$&() ?"('&#?&%&() ?"#$"9%C&;-&() C"9C-B%,) C%G&*)
EHUODNX DSDELOD SHQJJDEXQJDQ GLODNXNDQ DQWDUSHUXVDKDDQ WHUD¿OLDVL 6HPHQWDUD LWX :-)%3-T%# /A#N%).%I%#
J&(A)#-*& 4/271 <2/3<5 <1/0<6 H,"#$%B&()?-B-;I);&9%)*&B"(G"9)C"9&*;%9),"$"B-#)C&(AA&B)?"9,"C-:-&()P">&()R+#%,&9%,)8MNO) N+I1-#S-)%)^0# 0XOWL¿QDQFH /0)705+%-%)#
?&G&)<3)S?9%B)<2<4)&C&,)!"(AA&$-(A&(/ SHUXVDKDDQWHUD¿OLDVLGLGH¿QLVLNDQVHEDJDLSHUXVDKDDQ\DQJPHPLOLNLKXEXQJDQVHEDJDL
S,"C)C"C&?)D)("C+ <24/2.2 <27/<4< 054/526 A!T A!T &('6'(3% /('6'(3%
$"9%*-C]
S,"C)C&*)$"9>-:-G)D)("C+ 63/4<7 70/4<6 01/101 2"# 2B?SR*N@LR# :@*R# @:NS# :@?# NSR?# H@QW@# @:NS# L>H@P@R# />*ML@Q@@?# $R@HR$RA@L
/>?>*RN@# />?PP@HM?P@?# N>?>*RN@# />?P@$RQ@?# L>NM@# Q@2# :@?# &/) ;-$-(A&() &(C&9&) ?"9-,&;&&() '&(A) ,"\&9&) B&(A,-(A) &C&-) C%G&*) B&(A,-(A)
S,"C)?&:&*)C&(AA-;&( 30/4.. 6</334 74/223 #"(A"(G&B%*&()&C&-)G%*"(G&B%*&(e) !%(:&#&()'&(A)G%C"9%#&
2>W@ORH@?#:@*R#NSR?#
A'1%I#@501 G"GD="ED< G"GG8"EFG G"EGD"8DF $/) ;-$-(A&()&(C&9&)<)?"9-,&;&&()'&(A)G%*"(G&B%*&(Q)$&%*),"\&9&)B&(A,-(A)&C&-)C%G&*) !%;&*)*"C%A& 6Q361Q74< 0Q1<<Q440 <24 .Q55<Q023
) =",-&%) G"(A&() !&,&B) 0<<) &'&C) H7I) JJ) !"9,"9+&() T"9$&C&,Q) SP8M) ,"$&A&%) !"9-,&;&&() B&(A,-(AQ)+B";)?%;&*)'&(A),&#&e)&C&-)
!"("9%#&) !"(AA&$-(A&() G"(A&() %(%) #"('&C&*&() $&;>&) SP8M) $"9,"G%&) #"("9%#&) G&() !%;&*)$"9"B&,% 4Q30.Q006 61Q354 0<4 4Q3..Q006
$R@HR$RA@L \/) ;-$-(A&()&(C&9&)?"9-,&;&&()G&()?"#"A&(A),&;&#)-C&#&/)
#"(A&#$%B)&B%;),"B-9-;)*"A%&C&()-,&;&Q)+?"9&,%Q)&*C%^&)G&()*">&:%$&(Q),"9C&)"*-%C&,)8MNO) @"$&()'&(A)#&,%;);&9-,)G%$&'&9
!%(:&#&()'&(A)G%C"9%#& 0/15</6<. 0/5.7/300 0/35</<.2 ,"$&A&%);&,%B)G&9%)!"(AA&$-(A&(/ ) =";-$-(A&()G"(A&();&B)C"9,"$-C)G%)&C&,Q)#"(A%(A&C)!"9-,&;&&()!","9C&)!"(AA&$-(A&() !%;&*)*"C%A& 464Q142 40Q0.1 H6Q364I 41<Q<56
@"$&()'&(A)#&,%;);&9-,)G%$&'&9 40/051 60/363 45/<61 $"9&G&)G%)$&>&;)?"(A"(G&B%&()$"9,&#&)G&9%)?%;&*)'&(A),&#&Q)'&%C-)8JMFQ)#&*&)SP8M)
$"# /*BL>:M*#QM2MN#/>?PP@HM?P@?# !%;&*)$"9"B&,% 10Q556 02 D 10Q536
GDQ 0),1 GDSDW GLDQJJDS VHEDJDL SHUXVDKDDQ WHUD¿OLDVL 2OHK NDUHQD LWX WUDQVDNVL
JC&(A)+$B%A&,%) D 611/<04 407/220 !"(AA&$-(A&() #"9-?&*&() C9&(,&*,%) ?"(AA&$-(A&() '&(A) G%*"\-&B%*&() G&9%) *">&:%$&() JC&(A)+$B%A&,%)j)("C+)
9"# /0(57%(%1%)#Q+T+3#/0),,%!+),%)# !%;&*)*"C%A& .Q010Q272 D D .Q010Q272
JC&(A)-,&;& 10/.50 32/6<2 42/071 !"#$"9%C&;-&()*"?&G&)R!!J/
JC&(A)B&%(DB&%( 53/371 53/4<4 43/200 ) P"(A&() #"(A*&:%) *"C"(C-&() ?"9-(G&(AD-(G&(A&() '&(A) $"9B&*-) G%) N(G+(",%&Q) ?9+,",) !%;&*)$"9"B&,% 03.Q322 D D 03.Q322
!"(AA&$-(A&() ;&9-,) G%B&*,&(&*&() G"(A&() #"#"(-;%) ?"9,'&9&C&() -C&#&) ,"$&A&%) ?"# R)6'(3%5-#N0),0)%-#/0(I%T+%)#/%Z%T
JC&(A)?&:&* 023/175 61/137 51/711 JC&(A)B&%(DB&%(
$"9%*-C] 9"# /%Z%T#/0),4%5-I%)#H%.%)# !%;&*)*"C%A& 4<4Q624 5.Q4.0 33Q013 .12Q0.6
E%&$%B%C&,)G"9%^&C%K D ./6<6 7/750
&/) !"('-,-(&() L&(\&(A&() !"(AA&$-(A&() ,"\&9&) $"9,&#&D,&#&) +B";) P%9"*,%) ) @"9G&,&9*&()!&,&B)02)S'&C)H7I)JJ)!!;Q)?"(A&B%;&()&,"C)*&9"(&)?"(AA&$-(A&();&9-,) !%;&*)$"9"B&,% 521Q3<7 <Q<53 <Q712 506Q610
E%&$%B%C&,)%#$&B&()*"9:& 10/4.1 47/762 40/15.
!"9-,&;&&()!","9C&)!"(AA&$-(A&(e G%B&*-*&()$"9G&,&9*&()(%B&%)?&,&9Q)*"\-&B%)G%C"C&?*&()B&%()+B";)8"(C"9%)R"-&(A&(/ JC&(A)-,&;&
=-*-*)#-G;&9&$&; 714/4<1 .17/432 .65/275 $/) P%?"9+B";('&) ?"9,"C-:-&() G&9%) P">&() R+#%,&9%,) #&,%(AD#&,%(A) !"9-,&;&&()
) SP8M) G&() 8MNO) G&?&C) #"(A&:-*&() ?"9#+;+(&() -(C-*) #"(AA-(&*&() (%B&%) $-*-) !%;&*)*"C%A& D 10Q.50 H10Q.50I D
A'1%I $-%!-I-1%5 ;"FC<"9E< 8";GF"9=G 8"88;"==8 !","9C&)!"(AA&$-(A&()&C&,)L&(\&(A&()!"(AA&$-(A&(e
?&G&) !"(AA&$-(A&() '&(A) G%-,-B*&() *"?&G&) PZ!Q) ,",-&%) G"(A&() !&,&B) 02) &'&C) H7I) !%;&*)$"9"B&,% D D D D
\/) !"('&#?&%&() ?"9('&C&&() !"(AA&$-(A&() *"?&G&) YZR) !&,&9) 8+G&B) '&(A)
>2MRA@L #"#-&C) L&(\&(A&() !"(AA&$-(A&() G&() G+*-#"() ?"(G-*-(A('&) ,"$&A&%#&(&) JJ) !!;) G&() !&,&B) 71<) !8RD30/) Z%*&) ?"9,"C-:-&() -(C-*) ?"(AA-(&&() (%B&%) $-*-) ?&G&) E%&$%B%C&,),">& 075Q153 D D 075Q153
G%?"9,'&9&C*&()G&B&#)!YZR)56X<20.e !"(AA&$-(A&()'&(A)G%-,-B*&()G%$"9%*&(Q)C%G&*)&G&)%#?B%*&,%)?&:&*)?"(A;&,%B&()B&(A,-(A) JC&(A)?&:&* 07.Q04< 023Q175 D <64Q231
8+G&B),&;&# 077/366 07</422 07</422 '&(A)C%#$-B)G&9%)?"(A&B%;&()&,"C)C"9*&%C)G"(A&()!"(AA&$-(A&(/
G/) !"(A&:-&() ?"9#+;+(&() ?"9,"C-:-&() !"(AA&$-(A&() *"?&G&) YZR) NRO@) '&(A) E%&$%B%C&,)G"9%^&C%K 54Q60. D D 54Q60.
T&#$&;&()#+G&B)G%,"C+9 067/634 <5/7<1 <5/7<1
G%B"(A*&?%)G"(A&()G+*-#"()?"(G-*-(A),"$&A&%#&(&)G%?"9,'&9&C*&()G&B&#)!YZR) ;"# /%Z%T#/0(1%3!%4%)#?-I%-# E%&$%B%C&,)%#$&B&()*"9:& 176Q3<7 10Q4.1 4Q1<3 0Q27<Q7<2
=&BG+)B&$& 65X<2<2)G&()=cYZR)<2X<2<7e
) @"9G&,&9*&()!&,&B)0S)S'&C)<)JJ)!!O)#"(A&C-9)$&;>&)?"(A&B%;&()$&9&(A)*"(&)?&:&*) =-*-*)#-G;&9&$&;
T"B&;)G%C"(C-*&()?"(AA-(&&(('& <./422 <./422 <./422 "/) !"(A&:-&() ?"9#+;+(&() -:%) *"#&#?-&() G&() *"?&C-C&() *"?&G&) YZR) NRO@)
G&B&#)9&(A*&)?"(AA&$-(A&(Q)?"B"$-9&(Q)?"#"*&9&(Q)?"#"\&;&(Q)G&()?"(A&#$%B&B%;&() !%;&*)*"C%A& 320Q372 714Q4<1 150 0Q013Q772
@"B-#)G%C"(C-*&()?"(AA-(&&(('& 7/.33/76. 7/<12/03< 7/07</<5< $&A%) ?"#"A&(A) ,&;&#) ?"(A"(G&B%Q) &(AA+C&) P%9"*,%Q) P">&() R+#%,&9%,Q) G&()
-,&;&) C%G&*) C"9#&,-*) G&B&#) ?"(A"9C%&() ?"('"9&;&() $&9&(A) *"(&) ?&:&*Q) ,";%(AA&) !%;&*)$"9"B&,% 72Q222 D D 72Q222
P">&() !"(A&>&,) ='&9%&;) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() ,"$&A&%#&(&)
R"9-A%&()*+#?9";"(,%K)B&%(('& H15/564I H32/230I H3</.45I G%*"\-&B%*&()G&9%)?"(A"(&&()!&:&*)!"9C&#$&;&()O%B&%)H_//?`IQ)G"(A&(),'&9&C)?%;&*)'&(A)
G%?"9,'&9&C*&()G&B&#)!YZR)<5X<20.)G&()=cYZR)<<X<2<6e ABA@$#$R@HR$RA@L ;9Y<8;Y==F ;YFC<Y9E< 9Y8<9 ;8YD;8YDCD
A'1%I#>T+-1%5 8"DC="=8< 8"8CG"=8< 8";8E"C== #"B&*-*&()?"(A&B%;&()G&()'&(A)#"("9%#&)?"(A&B%;&()&G&B&;)!"(A-,&;&)R"(&)!&:&*/
K/) !"(A&:-&()?"9#+;+(&()*"?&G&)@cN)-(C-*)?"(\&C&C&(),&;&#)$&9-)'&(A)G%C"9$%C*&()
A'1%I#$-%!-I-1%5#.%)#>T+-1%5 G"GD="ED< G"GG8"EFG G"EGD"8DF +B";) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() *"?&G&) ?"#"A&(A) ,&;&#) !"9-,&;&&() ) SP8M)G&()8MNO)&G&B&;)!"(A-,&;&)R"(&)!&:&*),";%(AA&)C%G&*)&G&)!!O)'&(A)C"9-C&(A)
d&(A)8"(AA&$-(A*&()P%9%),"$&A&%)&*%$&C)G&9%)!"(AA&$-(A&(e G&9%)?"(A&B%;&();&9C&)G&B&#)9&(A*&)?"(AA&$-(A&()-,&;&)%(%)$"9G&,&9*&()*"C"(C-&()G%) >2MRA@L
!"# $%&'(%)#$%!%#*+,-#.%)#/0).%&%1%)#2'3&(040)5-6#$%-))7% A/) !"(A-#-#&() L%(A*&,&() L&(\&(A&() !"(AA&$-(A&() *"?&G&) #&,'&9&*&C) ?&B%(A) &C&,/ 8+G&B),&;&# 022Q222 077Q366 H002Q<.6I 0<7Q432
,"G%*%C) #"B&B-%) H%I) <) HG-&I) ,-9&C) *&$&9) ;&9%&() $"9$&;&,&) N(G+(",%&) '&(A) #"#%B%*%) T&#$&;&()#+G&B)G%,"C+9 .Q542 067Q634 <Q36.Q77< <Q11.Q4.5
89#:0503!0(# 89#:0503!0(# 89#:0503!0(# 8"# Q%I[4%I#/0(&%Z%T%)#$%-))7%#
?"9"G&9&() (&,%+(&BQ) G&() H%%I) ,%C-,) >"$) #&,%(AD#&,%(A) !"9-,&;&&() !","9C&) =&BG+)B&$&
;<;= ;<;8 ;<;; !"(AA&$-(A&(e !"(A&B%;&()T&(&;)G&(X&C&-)@&(A-(&(
/>?:@/@A@? ;/) !"(A-#-#&() !"(AA&$-(A&() ,"\&9&) C"9C-B%,) *"?&G&) *&9'&>&() #&,%(AD#&,%(A) T"B&;)G%C"(C-*&()?"(AA-(&&(('& <6<Q453 <.Q422 H<.Q422I <6<Q453
) !"(A&B%;&()C&(&;)G&(X&C&-)$&(A-(&()+B";)8MNO)?&G&)!"(AA&$-(A&()&*&()G%*"(&*&() @"B-#)G%C"(C-*&()?"(AA-(&&(('& 00Q<23Q013 7Q412Q.20 H7Q.02Q500I 00Q033Q233
!"(G&?&C&()G&9%)?"#$%&'&&()*+(,-#"( </<../3<3 </02./5.5 </0<6/.0< !"9-,&;&&()!","9C&)!"(AA&$-(A&(e ?&:&*) C"9*&%C) C&(&;) G&() $&(A-(&(/)S9C%('&Q) ,",-&%) G"(A&() !!) 76X<20.Q) G&() !"9:&(:%&()
%/) !"('&#?&%&() $-*C%) ?"(A-#-#&() L%(A*&,&() L&(\&(A&() !"(AA&$-(A&() *"?&G&) !"9-$&;&()(%B&%)>&:&9)&C&,)%(^",C&,%)
!"(G&?&C&()$-(A& 72/316 .7/370 <0/4<< !"(A%*&C&() Z-&B) @"B%) &C&,) T&(&;) G&(X&C&-) @&(A-(&(Q) 8MNO) &*&() G%*"(&*&() ?&:&*) G&B&#),&;&#)'&(A)G%-*-9)?&G&)
YZR)!&,&9)8+G&Be SHQJKDVLODQ¿QDOVHEHVDUDWDVQLODLWUDQVIHUEUXWRDWDXMXPODK\DQJVHKDUXVQ\DWHODK
!"(G&?&C&()+?"9&,%+(&B)B&%(('& 5</.<< 6</<.0 50/27. :/) 8"#?"9+B";)?"9('&C&&()"K"*C%K)!"(AA&$-(A&()G&9%)YZR)!&,&9)8+G&Be (%B&%)>&:&9)#"B&B-%)?"(A;&,%B&()
G%C"9%#&/)=",-&%)!&,&B).)!!)76X<20.Q)?&:&*)%(%)G&?&C)C%G&*)G%$&'&9*&():%*&)?"9,"C-:-&() *+#?9";"(,%K)B&%( 1Q433 D D 1Q433
ABA@$#/>?:@/@A@? ;"8F<"8== ;";9;"DEC ;";9F"9F< */) 8"#?"9+B";) ?"9,"C-:-&() !"(AA&$-(A&() G&() ?"9,"C-:-&() -:%) *"#&#?-&() G&() -(C-*)?"(AA-(&&()(%B&%)$-*-)G%?"9+B";)-(C-*)!"(AA&$-(A&()'&(A)G%-,-B*&(/)
*"?&C-C&()G&9%)YZR)NRO@)$&A%)?"#"A&(A),&;&#)?"(A"(G&B%Q)&(AA+C&)P%9"*,%Q)P">&() R"9-A%&()*-#-B&C%K)&C&,)%(,C9-#"()
R+#%,&9%,Q)G&()P">&()!"(A&>&,)='&9%&;)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&(e ) @"9G&,&9*&()J(G&(ADJ(G&(A)O+#+9)0)T&;-()<2<<)C"(C&(A)[-$-(A&()&(C&9&)!"#"9%(C&;) G"9%^&C%K)-(C-*)B%(G-(A)(%B&%)&9-,)
H>H@? !-,&C)G&()!"#"9%(C&;)P&"9&;Q)SP8M)&*&()G%;&9-,*&()#"#$&'&9)@"&)!"9+B";&()[&*) *&,)D)("C+ H00Q752I D D H00Q752I
B/) 8"#?"9+B";)?"9,"C-:-&()?9%(,%?)@cN)-(C-*)?"(\&C&C&(),&;&#)$&9-)'&(A)G%C"9$%C*&()
F&:%)G&()C-(:&(A&( H432/145I H4../347I H405/25.I +B";) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() *"?&G&) ?"#"A&(A) ,&;&#) !"9-,&;&&() &C&,)T&(&;)G&()@&(A-(&()H_H/QAH`I),"$",&9)4b)G&9%)(%B&%)?"(A&B%;&()&C&-)O%B&%)Z-&B) >2MRA@L#_#?>AB# 99YEEEYF== 8YDC=Y=8< JC<9Y9=8K 9=YE=CY<89
@"$&()-#-#)G&()&G#%(%,C9&,% H753/2<3I H706/6.<I H<.4/6.7I d&(A)8"(AA&$-(A*&()P%9%),"$&A&%)&*%$&C)G&9%)!"(AA&$-(A&(e Y$:"*)!&:&*)'&(A)#&(&)B"$%;)C%(AA%Q),"C"B&;)G%*-9&(A%)G"(A&():-#B&;)'&(A)G%*"\-&B%*&(/)
@"$&()$-(A& H<<4/.35I H702/7.1I H<.3/650I #/) 8"#?"9+B";) ?"9,"C-:-&(Q) C%G&*) &G&) *"$"9&C&(Q) &C&-) #"('"B",&%*&() *"$"9&C&() !"(A-9&(A&() @![T@) #-(A*%() C"9,"G%&) :%*&) ?"9,"C-:-&() -(C-*) ?"(AA-(&&() (%B&%) $-*-) ABA@$#$R@HR$RA@L#:@?#>2MRA@L 8;YEDDY9C9 GYGD=YED< JDCCYD=;K 8DY8F;YC;C
G&9%) *9"G%C+9) G&9%) #&,%(AD#&,%(A) !"9-,&;&&() !","9C&) !"(AA&$-(A&() G&(X&C&-) G%?"9+B";)-(C-*)!"(AA&$-(A&()'&(A)G%-,-B*&(/
!"('%,%;&()*"9-A%&()?"(-9-(&()(%B&% H711/502I H73./652I H<7./122I
#"B&*-*&() C%(G&*&() '&(A) G%?"9B-*&() ,"$&A&%#&(&) G%,'&9&C*&() G&B&#) ?"9:&(:%&() !"(A;&?-,&() O+#+9) !+*+*) U&:%$) !&:&*) H_O/W/`I) G&() !"(\&$-C&() !"(A-*-;&() $%&'(%)#$%!%#*+,-#2'3&(040)5-6#J.-5%Z-T%)#.%I%3#Z+1%%)#*+&-%4K
@"$&()+?"9&,%+(&B)B&%(('& H005/120I H025/6<5I H12/237I '&(A)#"B%$&C*&()#&,%(AD#&,%(A)!"9-,&;&&()!","9C&)!"(AA&$-(A&(e !"(A-,&;&)R"(&)!&:&*)H_/2/`I
A'1%I#H0!%) J9"F<;";D8K J9"GDE"ED9K J9"8FF"CC8K (/) 8"#?"9+B";) ?"9,"C-:-&() G&9%) LJ!=E@) #&,%(AD#&,%(A) !"9-,&;&&() !","9C&) Q-51'(-5##
!"(AA&$-(A&(e ) @"9G&,&9*&() J(G&(ADJ(G&(A) O+/) .) T&;-() 0137) C"(C&(A) R"C"(C-&() J#-#) G&() T&C&) /A#@.-(%# Q-51'(-5##
$@H@#L>H>$MN#H>H@?#/@O@2# +/) !"(&(G&C&(A&(&()S*C&) !"(AA&$-(A&() G&B&#) $&;&,&) N(G+(",%&) +B";) !"9-,&;&&() h&9&)!"9?&:&*&(Q),"$&A&%#&(&)C"B&;)G%-$&;)C"9&*;%9)*&B%)G"(A&()JJ)h%?C&)R"9:&Q)PZ!) :-)%3-T%# /A#N%).%I%#
/>?PQ@LR$@? GGD"<G9 E;F";FD D8C"9FF !","9C&)!"(AA&$-(A&()G%);&G&?&()(+C&9%,e G&?&C) #"(A;&?-,) O!U!) U&:%$) !&:&*) &?&$%B&) U&:%$) !&:&*) G%B%*-%G&,%) &C&-) G%$-$&9*&() N+I1-#S-)%)^0# 0XOWL¿QDQFH /0)705+%-%)#
@"$&()?&:&*)?"(A;&,%B&( H04</715I H026/7.3I H032/..7I ?/) !"('&#?&%&()S*C&)!"(AA&$-(A&()G&()S*C&)R"?-C-,&()LJ!=E@)C"9*&%C)?"9-$&;&() *&9"(&)?"(AA&$-(A&()-,&;&/)U&:%$)!&:&*)'&(A)&*&()G%B%*-%G&,%)&C&-)G%$-$&9*&()*&9"(&) A!T A!T &('6'(3% /('6'(3%
S(AA&9&()P&,&9)SP8M)*"?&G&)8"(;-#e) ?"(AA&$-(A&()-,&;&)G&?&C)#"(A&:-*&()?"9#+;+(&()?"(A;&?-,&()O!U!)*"?&G&)PZ!/) />?:@/@A@?
$@H@#H>*LRQ#A@QM?#H>*O@$@? E9E"GG= =;;"C9< GED"E9= ="B&%()?"(A;&?-,&()O!U!Q)U&:%$)!&:&*):-A&)?"9B-)#"B&*-*&()?"(\&$-C&()!R!)G"(A&()
f/) 8"#?"9+B";),-9&C)?"("9%#&&()?"#$"9%C&;-&()G&9%)8"(;-#)&C&,)S*C&)!"(AA&$-(A&()
!"(G&?&C&()*+#?9";"(,%K)B&%(('&/) G&()?"9-$&;&()S(AA&9&()P&,&9)G&()G&C&)!"9,"9+&()SP8Me) #"(A&:-*&()?"9#+;+(&()*"?&G&)PZ!/ !"#$%&'&&()*+(,-#"( .Q012Q345 <Q<..Q3<3 H0Q200Q125I 5Q664Q553
H05/..6I </45. 5/170
,"C"B&;)G%*-9&(A%)?&:&* U 3HQ\DPSDLDQ ODSRUDQ WUDQVDNVL D¿OLDVL NHSDGD 2-. 3DVDU 0RGDO SDOLQJ ODPEDW 8&9:%()#-9&$&;&; 0Q4.0Q461 D 467Q1<. <Q024Q654
) =";-$-(A&() G"(A&() ?"(A;&?-,&() O!U!) 8MNOQ) #&*&) H%I) ?"B&*,&(&&() ;&*) G&()
ABA@$#/>?PQ@LR$@?# HG-&I)[&9%)R"9:&),"C"B&;)T&(AA&B)cK"*C%K)!"(AA&$-(A&(e) ?"#"(-;&() *">&:%$&() ?"9?&:&*&() ,&#?&%) G"(A&() ,&&C) G%B&*-*&() ?"(AA&$-(A&(Q) 8&9:%()#-,'&9&*&;)#-C&(&f%,&; D D 627Q722 627Q722
2BN/*>Q>?LRS#$@R?#A@QM?# =CD"<<< =;E"=DG GGG"==E ,/) !"(A-#-#&() ;&,%B) ?"B&*,&(&&() !"(AA&$-(A&() *"?&G&) #&,'&9&*&C) #"B&B-%) ,-9&C) #"(AA-(&*&() O!U!) 8MNOe) G&() H%%I) ?"B&*,&(&&() ;&*) G&() ?"#"(-;&() *">&:%$&()
H>*O@$@? =">&)?"#$%&'&&( <..Q644 D D <..Q644
*&$&9);&9%&()$"9$&;&,&)N(G+(",%&)'&(A)#"#%B%*%)?"9"G&9&()(&,%+(&Be)G&( ?"9?&:&*&(),"C"B&;)T&(AA&B)cK"*C%K)!"(AA&$-(A&(Q)#"(AA-(&*&()O!U!)SP8M/
C/) !"('"B",&%&() ?9+,",) B%*-%G&,%) ,"G"9;&(&) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A) !"(G&?&C&()$-(A& D 72Q316 H72Q316I D
>"# /*BL>:M*#/>?R$@R@?#:@?#2B?U>*LR#L@Q@N ) 8MNO)&*&()#"('&#?&%*&()?"9#+;+(&()-(C-*)#"(G&?&C*&(),C&C-,),"$&A&%)U&:%$)!&:&*)
8"(AA&$-(A*&()P%9%),"$&A&%#&(&)'&(A)G%?"9,'&9&C*&()G&B&#)!YZR)65X<2<2/ E&%(DB&%( 0Q142Q121 5<Q.<< 14Q454 <Q001Q02.
) P&,&9) ?"9;%C-(A&() *+(^"9,%) ,&;&#) 8MNO) #"(:&G%) ,&;&#) SP8M) ,"$&A&%) !"9-,&;&&() O+(DcK"*C%K) *"?&G&) PZ!) ,"C"B&;) #"(A&:-*&() ?"9#+;+(&() ?"(A;&?-,&() O!U!) G&()
;"# 2')50T+0)5-#Q+T+3#@1%5#/0),,%!+),%) @&A%&()B&$&)$"9,%;)"(C%C&,)&,+,%&,% <2Q002 D H<2Q002I D
!"("9%#&) !"(AA&$-(A&() ,"C"B&;) !"(AA&$-(A&() G%G&,&9*&() ?&G&) ;&,%B) ?"(%B&%&() ?"(\&$-C&()!R!/
%(G"?"(G"()&C&,)(%B&%)?&,&9)>&:&9)#&,%(AD#&,%(A),&;&#)SP8M)G&()8MNO)'&(A)G%B&*-*&() ) =",-&%)G"(A&()*"C"(C-&()!&,&B)0)&(A*&)H1I)G&()!&,&B)0<<)JJ)!"9,"9+&()T"9$&C&,):+/) ABA@$#/>?:@/@A@? CYCDCYDD< ;Y8F<Y8== J;<Y99<K 9;Y8=<Y99=
) P&B&#) ?9+,",) ?"(A;&?-,&() O!U!) G&() ?"(\&$-C&() !R!Q) PZ!) &*&() #"B&*-*&()
+B";) RZ!!) R-,(&(C+) G&() L"*&() H_2O//# 2*`I) $"9G&,&9*&() E&?+9&() !"(%B&%&() =&;&#) O+/) !&,&B)0)&(A*&)H<I)!YZR)56X<20.):+/)!&,&B)0)&(A*&)H04I)!YZR)65X<2<2Q),":&*)T&(AA&B)
22240X</20.<D22X@=X21X2047X0XNaX<2<4)C&(AA&B)1)S?9%B)<2<4Q)G&()RZ!!)=->"(G;+)L%(&BG') ?"#"9%*,&&() C"9;&G&?) 8MNO/) @"9G&,&9*&() ;&,%B) ?"#"9%*,&&(Q) PZ!) &*&() #"#$"9%*&() H>H@?
cK"*C%K) !"(AA&$-(A&(Q) &,"CQ) B%&$%B%C&,Q) G&() "*-%C&,) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A) R"?-C-,&() C"9;&G&?) ?"9#+;+(&() ?"(A;&?-,&() O!U!) ?&B%(A) B&#&) 0<) $-B&() ,"C"B&;)
G&() L"*&() H_RO//# L**`I) $"9G&,&9*&() E&?+9&() !"(%B&%&() =&;&#) O+/) 2207<X</2241D2<X 8"(AA&$-(A*&() P%9%) &*&() $"9&B%;) *&9"(&) ;-*-#) *"?&G&) SP8M) ,"$&A&%) !"9-,&;&&() F&:%)G&()C-(:&(A&( H<Q634Q.<2I H432Q145I H04Q.0<I H7Q23<Q031I
@=X21X2<6<X0XNaX<2<4)C&(AA&B)1)S?9%B)<2<4/ ?"9#+;+(&()G%&:-*&()*")PZ!/)SC&,)?"#+;+(&()?"(\&$-C&()!R!Q)PZ!)&*&()#"#$"9%*&()
!"("9%#&)!"(AA&$-(A&(Q)G&(),"B-9-;)G&C&)?9%$&G%)HG&B&#)*+(C"*,)G&()?"(A"9C%&()'&(A) *"?-C-,&() C"9;&G&?) ?"9#+;+(&() ?"(\&$-C&() !R!) ?&B%(A) B&#&) .) $-B&() ,"C"B&;) @"$&()$-(A&)G&()*"-&(A&( H0Q<16Q200I H<<4Q.35I 64Q211 H0Q656Q411I
) @"9G&,&9*&()!&,&B)7.)S'&C)H0I)JJ)!"9,"9+&()T"9$&C&,Q)_!"9,"9+&()G%B&9&(A)#"(A"B-&9*&() G%&C-9)G&B&#)JJ)!"9B%(G-(A&()P&C&)!9%$&G%I)'&(A)G%C&C&-,&;&*&()X)G%*"B+B&)+B";)8MNO) ?"9#+;+(&()G%&:-*&()*")PZ!/
,&;&#) '&(A) G%#%B%*%) ,"(G%9%) &C&-) G%#%B%*%) +B";) !"9,"9+&() B&%(Q) '&(A) ,&;&#('&) ,"\&9&) !"('%,%;&()*"9-A%&()?"(-9-(&()(%B&%
$"9&B%;)*"?&G&)SP8M)-(C-*)G%C&C&-,&;&*&()X)G%*"B+B&)+B";)SP8MQ)G&(),"B&(:-C('&),C&C-,)
B&(A,-(A)&C&-)C%G&*)B&(A,-(A)G%#%B%*%)+B";)!"9,"9+&(/`)8"(A%(A&C)$&;>&)SP8M)#"#?-('&%) $&G&() ;-*-#) 8MNO) &*&() $"9&*;%9) *&9"(&) ;-*-#) ,"$&A&%) &*%$&C) G&9%) !"(AA&$-(A&(/) !"#$%&'&&()*+(,-#"( H0Q.41Q60<I H711Q502I .6Q325 H0Q116Q704I
?"('"9C&&(),&;&#),"$&('&*)422/2<./463)B"#$&9),&;&#)&C&-),"C&9&)G"(A&()02Q22b),&;&#) ="B&%() %C-Q) ,"B-9-;) *"A%&C&(Q) *"A%&C&() -,&;&Q) +?"9&,%+(&B) -,&;&Q) ;&*Q) G&() *">&:%$&(Q) RRR"#R?SB*N@LR#N>?P>?@R#/>*ML@Q@@?#/>?>*RN@ !"#$%&'&&()#-9&$&;&; H406Q327I D H36Q.26I H411Q625I
8MNOQ)#&*&)(%B&%)?&,&9),&;&#)8MNO)'&(A)G&?&C)G%?"9;%C-(A*&()G&B&#)9&,%+)*+(^"9,%),&;&#)
!"9,"9+&()G&(),&;&#)8MNO)&G&B&;),"$",&9)12Q22b/
C"9#&,-*) (&#-() C%G&*) C"9$&C&,) ?&G&) '&(A) $"9G&,&9*&() ?"9:&(:%&() &C&-) *+(C9&*Q) :-A&) />?PP@HM?P@?# !"#$%&'&&()#-,'&9&*&;)
$"9&B%;)*&9"(&);-*-#)G&9%)8MNO),"$&A&%)!"9-,&;&&()d&(A)8"(AA&$-(A*&()P%9%)*"?&G&) #-C&(&f%,&; D D H56Q3..I H56Q3..I
) P&9%);&,%B)?"(%B&%&()RZ!!)RL)G&()RZ!!)=LLQ)?"9$&(G%(A&()&(C&9&)(%B&%)?&,&9),&;&#)SP8M) SP8M),"$&A&%)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&(/ @"# ?@N@Y#:BNRLR$RY#/>?P>?:@$R#/>*ML@Q@@?#/>?>*RN@#/>?PP@HM?P@?
=">&)?"#$%&'&&( H40Q420I D D H40Q420I
G&()8MNO)&G&B&;),"$",&9)0)])2Q24<620/)="\&9&)C"+9%Q)?"9,"(C&,"),&;&#)'&(A)G%#%B%*%)+B";) ) !"(AA&$-(A&() G%B&*-*&() C&(?&) #"(A-$&;) (&#&) G&() C"#?&C) *"G-G-*&() SP8MQ) G&()
?"#"A&(A) ,&;&#) SP8M) G&() 8MNO) &*&() C"9G%B-,%) ,"\&9&) ?9+?+9,%+(&B) $"9G&,&9*&() 9&,%+) ) 8",*%?-() ,"B-9-;) &,"C) G&() B%&$%B%C&,) 8MNO) ,"$&A&%) !"9-,&;&&()d&(A) 8"(AA&$-(A*&() J#-#)G&()&G#%(%,C9&,% H0Q460Q07.I H753Q2<3I 5.Q13. H0Q36<Q053I
P%9%)$"9&B%;)G"#%);-*-#)*"?&G&)SP8M),"$&A&%)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&(Q) *&9"(&('&) SP8M) &*&() C"C&?) #"(AA-(&*&() (&#&Q) C"#?&C) *"G-G-*&(Q) G&() &B&#&C)
*+(^"9,%Q) G%#&(&) ,"C%&?) 0) H,&C-I) ,&;&#) G%) 8MNO) &*&() ,"C&9&) G"(A&() 2Q24<620) ,&;&#) G%) !"#&,&9&( H.<6Q117I D H.<Q065I H.35Q062I
(&#-()&?&$%B&)#"(-9-C)*"C"(C-&()'&(A)$"9B&*-Q)&,"C)G&()B%&$%B%C&,)8MNO)C"9,"$-C)C%G&*) *&(C+9) ?-,&C) SP8M) ,&&C) %(%) G&B&#) #"(:&B&(*&() *"A%&C&() -,&;&) ?"#$%&'&&(('&) ,"C"B&;)
SP8M/)!&,\&)!"(AA&$-(A&(Q),"B-9-;),&;&#)?"#"A&(A),&;&#)8MNOQ)*"\-&B%)'&(A)G%?-('&%) @&A%);&,%B),-*-*)#-G;&9&$&; H.0Q454I D H64Q211I H02.Q.56I
+B";)SP8MQ)&*&()G%C-*&9)G"(A&()<74/327/021),&;&#)SP8M/ ,"9C&)#"9C&)H+C+#&C%,I)&C&-)C%G&*),"#?-9(&)G&?&C)G%C9&(,K"9)&C&-)G%&B%;*&()*"?&G&)SP8MQ) !"(AA&$-(A&(/) ="C"B&;) !"(AA&$-(A&(Q) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() &*&()
#&*&) SP8M) G&() 8MNO) ,"?&*&C) -(C-*) #"B&*-*&() ,"A&B&) C%(G&*&() '&(A) G%?"9B-*&() #"B&(:-C*&() *"A%&C&() -,&;&('&) #"B&B-%) :&9%(A&() *&(C+9('&) '&(A) ,"#-B&) G%A-(&*&() +B";) E&%(DB&%( H6Q407I H005Q120I 14Q67. H<.Q153I
S"# *R?P2@L@?#$@/B*@?#/>?R$@R@?#L@Q@N# -(C-*) #"('"B",&%*&() ?"(A&B%;&() &,"C) G&() B%&$%B%C&,) C"9,"$-CQ) C"9#&,-*) (&#-() C%G&*) !"9-,&;&&()!","9C&)!"(AA&$-(A&(/
ABA@$#H>H@? JDY;8FYEG=K J9YF<;Y;D8K D JCYC8CYD=FK
9"# @:NS C"9$&C&,)?&G&)#"#$-&C)G&()#"(&(G&C&(A&(%)?"9:&(:%&(Q)&*C&Q)G&()G+*-#"(),"9C&),-9&C) ) 8"(A%(A&C) $&;>&) !"9-,&;&&() !","9C&) !"(AA&$-(A&() G%*"(G&B%*&(Q) $&%*) ,"\&9&)
B&%(('&Q) -(C-*) ?"(A&B%;&() '&(A) #"#"9B-*&() ?"9-$&;&() %G"(C%C&,) H(&#&) ?"9-,&;&&(IQ) B&(A,-(A) G&(X&C&-) C%G&*) B&(A,-(AQ) +B";) ?%;&*) '&(A) ,&#&) '&%C-) 8JMFQ) #&*&) ?"B&*,&(&&() $@H@#L>H>$MN#H>H@?#/@O@2#
) SP8M)C"B&;)#"(-(:-*)RZ!!)RL)-(C-*)#"#$"9%*&()+?%(%),"$&A&%)?"(%B&%)%(G"?"(G"(Q)&C&,) 0Q54<Q70. ..3Q2.0 H<2Q002I ;Y=<<Y;GF
*"?"#%B%*&(Q) G&() ;&BD;&B) &G#%(%,C9&C%K) B&%(('&) '&(A) #"#"9B-*&() ?"(\&C&C&() -B&(A) !"(AA&$-(A&() C%G&*) &*&() #"(A&*%$&C*&() ?"9-$&;&() ?"(A"(G&B%X?"(A"(G&B%) $&9-) G&9%) />?PQ@LR$@?
(%B&%)?&,&9)022Q22b),&;&#)SP8M)?"9)70)P","#$"9)<2<6/)8"C+G")'&(A)G%A-(&*&()G&B&#)
?"(%B&%&()022Q22b),&;&#)SP8M)&G&B&;)#"C+G")&9-,)*&,)G%,*+(C+)G&()#"C+G")?"#$&(G%(A) %G"(C%C&,)G&()*"?"#%B%*&()C"9,"$-C)-(C-*)?"('"#?-9(&&()?"(A&B%;&(('&),",-&%)G"(A&() !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() ,"$&A&%#&(&) G%#&*,-G) G&B&#) !"9&C-9&() YZR) @"$&()?&:&*)?"(A;&,%B&( H764Q.76I H04<Q715I D H613Q270I
?"9-,&;&&() C"9\&C&C) G%) $-9,&/) !"(%B&%&() 022Q22b) ,&;&#) SP8M) '&(A) G%B&*-*&() G"(A&() ,'&9&C)G&()*"C"(C-&()?"9&C-9&()?"9-(G&(AD-(G&(A&()'&(A)$"9B&*-)G&()C"9*&%C)G"(A&() 56X<20./
#"C+G")&9-,)*&,)G%,*+(C+)G%G&,&9*&()?&G&)?9+'"*,%)B&?+9&()*"-&(A&()SP8M)'&(A)G%,-,-() &,"C)G&()B%&$%B%C&,)C"9,"$-C/ $@H@#A@QM?#H>*O@$@? 9Y=<GYGD; E9EYGG= J;<Y99<K 9YC<;Y;8G
+B";)#&(&:"#"()SP8M/)RZ!!)RL)#"(AA-(&*&()?9+'"*,%)*"-&(A&()'&(A)C"B&;)G%,",-&%*&() H"# LA*M2AM*# />*NB:@$@?# :@?# LMLM?@?# />N>P@?P# L@Q@N# />*ML@Q@@?#
) !"#"A&(A),&;&#)8MNO),"$&A&%)!"9-,&;&&()d&(A)8"(AA&$-(A*&()P%9%Q)*&9"(&);-*-#Q) />?>*RN@#/>?PP@HM?P@?#/@LV@#/>?PP@HM?P@? />?PQ@LR$@?#2BN/*>Q>?LRS#
'&(A) #"(\"9#%(*&() *">&:&9&() ?9+'"*,%) *"-&(A&() '&(A) G%$-&C) +B";) #&(&:"#"() SP8M) &*&() #"(:&G%) ?"#"A&(A) ,&;&#)SP8M) ,"$&A&%) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&()
G"(A&() *"#&#?-&() ?"(\&?&%&(('&) ¿GXFLDU\ GXW\ /) @"9G&,&9*&() ;&,%B) &(&B%,%,) C"9;&G&?) $@R?
G"(A&()#"#?"9;&C%*&();&*)?"#"A&(A),&;&#)8MNO)-(C-*)#"#%(C&)8MNO)-(C-*)#"#$"B%) ) P"(A&() &,-#,%) C%G&*) &G&) ?"#"A&(A) ,&;&#) #&,%(AD#&,%(A) !"9-,&;&&() !","9C&)
,"B-9-;) G&C&) G&() %(K+9#&,%) '&(A) G%C"9%#&) RZ!!) RL) ,"9C&) #"#?"9C%#$&(A*&() K&*C+9DK&*C+9) !"(AA&$-(A&()'&(A)C%G&*),"C-:-)G"(A&()!"(AA&$-(A&()G&()#"(AA-(&*&();&*('&)-(C-*) 3RV\DQJWLGDNDNDQGLUHNODVL¿NDVL
'&(A)9"B"^&()'&(A)#"#?"(A&9-;%)?"(%B&%&(Q)#&*&)#"(-9-C)?"(G&?&C)RZ!!)RLQ)(%B&%)?&,&9) *"#$&B%) ,&;&#('&) G"(A&() ;&9A&) '&(A) >&:&9) &?&$%B&) C%G&*) #"('"C-:-%) !"(AA&$-(A&(/)
P&B&#)?9+,",)!"(AA&$-(A&(Q)SP8M)&*&()#"("9$%C*&(),&;&#)$&9-)*"?&G&)?"#"A&(A) #"(:-&B) ,&;&#('&) *"?&G&) !"9-,&;&&() !","9C&) !"(AA&$-(A&() C"9*&%CQ) #&*&) ,C9-*C-9) T0#I%!%#(+,-
022Q22b),&;&#)SP8M)?"9)70)P","#$"9)<2<6)&G&B&;),"$",&9)L?)<5Q53)C9%B%-(/ ?"9#+G&B&()G&(),-,-(&()?"#"A&(A),&;&#)SP8M),"C"B&;)!"(AA&$-(A&()&G&B&;),"$&A&%)
,&;&#) 8MNO) ,",-&%) G"(A&() C&C&) \&9&) ?"(%B&%&() G&() *+(^"9,%) ,&;&#) ,"$&A&%#&(&) !"9-$&;&()(%B&%)>&:&9)&C&,)%(^",C&,%)
;"# NSR? G%:"B&,*&()?&G&)@&A%&()NN)L%(A*&,&()L&(\&(A&()!"(AA&$-(A&()%(%/ $"9%*-C]) G&B&#),&;&#)'&(A)G%-*-9)?&G&)
) 8MNO)C"B&;)#"(-(:-*)RZ!!)=LL),"$&A&%)?"(%B&%)%(G"?"(G"()-(C-*)#"#$"9%*&()?"(G&?&C) (%B&%)>&:&9)#"B&B-%)?"(A;&,%B&()
N"# />?:@/@A#QM2MN# ?-I%-#?'3-)%I#\#R:*#9<<#&0(#5%4%3 *+#?9";"(,%K)B&%( 0<Q<1< D D 0<Q<1<
&C&,)(%B&%)022Q22b),&;&#)8MNO)?"9)70)P","#$"9)<2<6/)!"(G"*&C&()'&(A)G%A-(&*&()G&B&#) :05T(-&5-
?"(%B&%&() =&;&#) 8MNO) &G&B&;) ?"(G"*&C&() ?"(G&?&C&() H!"#$%&' ()*&+' ),,-$)#.I) G"(A&() 0/) P%9"*,%)SP8M)G&()8MNO)C"B&;)#"('-,-()L&(\&(A&()!"(AA&$-(A&(),"\&9&)$"9,&#&D O+3I%4#L%4%3 O+3I%4#?-I%-# ] !"(A-*-9&()*"#$&B%)&C&,)?9+A9&#)
#"C+G")G%,*+(C+)&9-,)*&,)H/!*#$0"1&+'2)*.'34$>)&C&-)_:VS`I)G&()?"(G"*&C&()?&,&9 H%)-5&1' ,&#&/) L&(\&(A&() !"(AA&$-(A&() C"9,"$-C) C"B&;) G%,"C-:-%) +B";) #&,%(AD#&,%(A) P">&() ?'3-)%I %#$&B&()?&,\&D*"9:& 0<Q524 H<<Q.6.I D H1Q160I
()*&+'),,-$)#.I)G"(A&()#"C+G")?"#$&(G%(A)?"9-,&;&&()C"9\&C&C)G%)$-9,&)"K"*)H60!+&4!"&' R+#%,&9%,) SP8M) G&() 8MNO) ?&G&) C&(AA&B) <3) S?9%B) <2<4/) L&(\&(A&() !"(AA&$-(A&() N'.%I#:%5%( ="<<<"<<<"<<< =<<"<<<"<<<"<<< !&:&*)?"(A;&,%B&()C"9*&%C)?"(A;&,%B&()
70(4!#48' 9-)+&+' 2$%,)"8' :&1.$+) &C&-) _P/AV`I/) !"(%B&%&() 022Q22b) ,&;&#) 8MNO) '&(A) C"9,"$-C) C"B&;) G%,-,-() ,",-&%) G"(A&() *"C"(C-&() ?"9&C-9&() ?"9-(G&(AD-(G&(A&() '&(A) *+#?9";"(,%K)B&%()'&(A)C%G&*)&*&()
G%B&*-*&() G"(A&() #"C+G") &9-,) *&,) G%,*+(C+) G%G&,&9*&() ?&G&) ?9+'"*,%) B&?+9&() *"-&(A&() N'.%I#:-501'(#.%)#:-103&%1T%)
$"9B&*-Q)C"9#&,-*)(&#-()C%G&*)C"9$&C&,)?&G&)JJ)!"9,"9+&()T"9$&C&,Q)!!)<5X0113Q)!YZR) GLUHNODVL¿NDVLNHODEDUXJL H4Q611I 6Q13< D H405I
8MNO) '&(A) G%,-,-() +B";) #&(&:"#"() 8MNO/) RZ!!) =LL) #"(AA-(&*&() ?9+'"*,%) *"-&(A&() O+/)56X<20.Q)G&()!YZR)65X<2<2/ D) @&(*)P&(&#+() 1<2/522/222 1</252/222/222 56/42
'&(A) C"B&;) G%,",-&%*&() '&(A) #"(\"9#%(*&() *">&:&9&() ?9+'"*,%) *"-&(A&() '&(A) G%$-&C) D) 8JMF <77/3.4/075 <7/73./407Q522 03/1< 3RV\DQJDNDQGLUHNODVL¿NDVLNH
+B";) #&(&:"#"() 8MNO) G"(A&() *"#&#?-&() ?"(\&?&%&(('&) H¿GXFLDU\ GXW\I/) @"9G&,&9*&() </) J(C-*)#"#&C-;%)?"9&C-9&()?"9-(G&(AD-(G&(A&()G%)$%G&(A)?&,&9)#+G&BQ)SP8M),"$&A&%) I%!%#(+,-
;&,%B) &(&B%,%,) &C&,) ,"B-9-;) G&C&) G&() %(K+9#&,%) '&(A) C"B&;) G%C"9%#&) RZ!!) =LL) G&() G"(A&() !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() C"B&;) #"('&#?&%*&() ?"9('&C&&() ?"(G&KC&9&() D) 8&,'&9&*&Ci 30/<75/15< 3/0<7/515/<22 ./43
@&A%&()"K"*C%K)&C&,)?"9-$&;&()(%B&%)
#"#?"9C%#$&(A*&(),"#-&)K&*C+9)'&(A)9"B"^&()'&(A)#"#?"(A&9-;%)?"(%B&%&(Q)#&*&)RZ!!) !"(AA&$-(A&(),"$&A&%#&(&)G%#&*,-G)G&B&#)!YZR)56X<20.)*"?&G&)YZR)!&,&9)8+G&B) A'1%I#N'.%I#:-501'(#.%)#:-103&%1T%) 9";8E"D<8"9<C 9;8"ED<"89<"C<< 9<< >&:&9)%(,C9-#"()G"9%^&C%K)j)B%(G-(A)
=LL)$"9?"(G&?&C)$&;>&)(%B&%)?&,&9)022Q22b),&;&#)8MNO)?&G&)C&(AA&B)70)P","#$"9)<2<6) ?&G&)72)S?9%B)<2<4/ (%B&%)&9-,)*&, H07Q.03I D D H07Q.03I
&G&B&;),"$",&9)L?)5Q<3)C9%B%-(/ L%4%3#:%I%3#/'(10&0I ;"FG="9CG"DC9 ;FG"=9C"GDC"9<<
7/) J(C-*)#"#&C-;%)?"9&C-9&()?"9-(G&(AD-(G&(A&()G%)$%G&(A)?"#$%&'&&(Q)SP8M),"$&A&%) !&:&*)?"(A;&,%B&()C"9*&%C)?"(A;&,%B&()
P"# *R?P2@L@?#/>?:@/@A#2>W@O@*@? !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() C"B&;) #"('&#?&%*&() *"?&G&) YZR) NRO@) ?&G&) ;:&-0,)5)"' <)(0"<)"' +)-!' ,)-)' ,&%&<)"<' *).)%' =/:3' 8)"<' %&%,0"8)!' 5&,&%!4!5)"' *+#?9";"(,%K)B&%()'&(A)&*&()
72) S?9%B) <2<4]) H%I) ?"9#+;+(&() ?"9,"C-:-&() !"(AA&$-(A&() ,"$&A&%#&(&) G%#&*,-G) *).)%' 50-)"<' +)-!' >?' @4!%)' ,&-*&"A' +)-!' 5&*&40-0.)"' *).)%' 8)"<' 1&4).' +!1&%,)15)"' +)"' GLUHNODVL¿NDVLNHODEDUXJL <Q11. D D <Q11.
) @"9G&,&9*&() 9-&(A) B%(A*-?) ?"*"9:&&(Q) &,-#,%Q) G&C&Q) G&() %(K+9#&,%) '&(A) G%?"9+B";) G&9%) +!*&1$-',&"0.'+!'=/:3B
#&(&:"#"() SP8M) '&(A) G%A-(&*&() G&B&#) ?"('-,-(&() B&?+9&() !"(G&?&C) R">&:&9&(Q) G&B&#) !YZR) 65X<2<2) G&() =cYZR) <2X<2<7Q) G&() H%%I) ?"9#+;+(&() -:%) *"#&#?-&() G&() />?PQ@LR$@?#2BN/*>Q>?LRS#
?"("B&&;&()&C&,)G&#?&*)*"-&(A&()G&9%)!"(AA&$-(A&(),"$&A&%#&(&)G%-(A*&?*&()G&B&#) *"?&C-C&() *"?&G&) YZR) NRO@) $&A%) ?"#"A&(A) ,&;&#) ?"(A"(G&B%Q) &(AA+C&) P%9"*,%Q) V"# 2BN/BLRLR# :@?# *>NM?>*@LR# @?PPBA@# :R*>2LRY# :>W@?# 2BNRL@*RLY# :@?# DYDFG J9FYGG=K D JDYFDDK
$@R?#L>A>$@Q#/@O@2
B&?+9&()!"(G&?&C)R">&:&9&(Q)#&*&)#"(-9-C)?"(G&?&C)RZ!!)RLQ)!"(AA&$-(A&()%(%)>&:&9/ P">&()R+#%,&9%,Q)G&()P">&()!"(A&>&,)='&9%&;)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&() :>W@?#/>?P@W@L#LX@*R@Q#/>*ML@Q@@?#/>?>*RN@#/>?PP@HM?P@?#
,"$&A&%#&(&)G%#&*,-G)G&B&#)!YZR)<5X<20.)G&()=cYZR)<<X<2<6/ ABA@$#/>?PQ@LR$@?#
Q"# />?X>$>L@R@?# LA@AMLY# Q@2# :@?# 2>W@ORH@?# @?PPBA@# :R*>2LRY# @?PPBA@# ) ="C"B&;) T&(AA&B) cK"*C%K) !"(AA&$-(A&(Q) ,-,-(&() P%9"*,%Q) P">&() R+#%,&9%,Q) G&() P">&() 2BN/*>Q>?LRS#A@QM?# 9Y=9EYEED =CDY<<< J;<Y99<K 9YDC8Y==D
:>W@?#2BNRL@*RLY#:@?#2@*X@W@?#/>*ML@Q@@?#/>L>*A@#/>?PP@HM?P@?# 6/) J(C-*)#"#"(-;%)!"9&C-9&()@cN)O+/)NDFQ)SP8M)C"B&;)#"('&#?&%*&()?"9#+;+(&()*"?&G&) !"(A&>&,)='&9%&;)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&()&G&B&;),"$&A&%)$"9%*-C]) H>*O@$@?
T%G&*) &G&) 9"(\&(&) ?"9-$&;&() ,-,-(&() P%9"*,%Q) P">&() R+#%,&9%,Q) G&() P">&() !"(A&>&,) @cN) -(C-*) ?"(\&C&C&() ,&;&#) $&9-) '&(A) G%C"9$%C*&() +B";) SP8M) ,"$&A&%) !"9-,&;&&()
P%9"*,% $@H@#/>*#L@Q@N#_#:@L@*# 9Y=<F 9C= 9YE8C
='&9%&;) SP8M) ,"$&A&%) $&A%&() G&9%) !"(AA&$-(A&() ?&G&) T&(AA&B) cK"*C%K) !"(AA&$-(A&(/) !"("9%#&) !"(AA&$-(A&() *"?&G&) ?"#"A&(A) ,&;&#) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A)
YB";)*&9"(&)8MNO)&*&()$"9&*;%9)*&9"(&);-*-#),"$&A&%)&*%$&C)G&9%)!"(AA&$-(A&(Q),"B-9-;) 8"(AA&$-(A*&()P%9%/ ?'" /'5-5- ?%3% HG%('&C&*&()G&B&#)(%B&%)L-?%&;)?"(-;I) ) ) ) )
&(AA+C&) P%9"*,%Q) P">&() R+#%,&9%,Q) G&() P">&() !"(A&>&,) ='&9%&;) 8MNO) '&(A) #&,%;) 4/) J(C-*) #"#"(-;%) *"C"(C-&() !&,&B) 0<5) &'&C) H<I) JJ) !"9,"9+&() T"9$&C&,Q) !&,&B) 0<) !!) 0 P%9"*C-9)JC&#& N)P">&)8&G")=-,%B&) # #
#"(:&$&C),&#?&%)G"(A&()T&(AA&B)cK"*C%K)!"(AA&$-(A&()&*&()G%$"9;"(C%*&()G&9%):&$&C&(('&) P"# *>?V@?@#HRL?RL#/>*ML@Q@@?#/>?>*RN@#/>?PP@HM?P@?#M?AM2#ARP@#A@QM?#
G%)8MNO)'&(A)&*&()$"9B&*-)"K"*C%K)?&G&)T&(AA&B)cK"*C%K)!"(AA&$-(A&(/)[&*)G&()*">&:%$&() <5X0113Q) G&() !&,&B) 3) !YZR) O+/) 56X<20.Q) !"9-,&;&&() !","9C&) !"(AA&$-(A&() C"B&;) < P%9"*C-9 =>&(G&:&(%)F-(&G%)
#"(A-#-#*&() L%(A*&,&() L&(\&(A&() !"(AA&$-(A&() %(%) ?&G&) <) HG-&I) ,-9&C) *&$&9) />*A@N@#
,"B-9-;) &(AA+C&) P%9"*,%Q) P">&() R+#%,&9%,Q) G&() P">&() !"(A&>&,) ='&9%&;) 8MNO) C"9,"$-C) 7 P%9"*C-9 O%*+)R-9(%&>&()@+(AA+>&9,%C+
&*&() G%,"B",&%*&() ,",-&%) G"(A&() *"C"(C-&() %(C"9(&B) 8MNO) G&() ?"9&C-9&() ?"9-(G&(AD ;&9%&() (&,%+(&B) $"9$&;&,&) N(G+(",%&Q) '&%C-) N(^",C+9) P&%B') G&() @%,(%,) N(G+(",%&) ?&G&) ) ="C"B&;) !"(AA&$-(A&(Q) SP8M) &*&() C"9-,) #"(A&G+?,%) ^%,%) G&() #%,%) SP8M) ,"$&A&%)
-(G&(A&()'&(A)$"9B&*-/ C&(AA&B)72)S?9%B)<2<4/)L%(A*&,&()L&(\&(A&()!"(AA&$-(A&():-A&)C"B&;)G%-#-#*&()?&G&) 6 P%9"*C-9 [&99')E&C%K) !"9-,&;&&()!"("9%#&)!"(AA&$-(A&(Q),"$&A&%)$"9%*-C]
,%C-,)>"$)!"9-,&;&&()!","9C&)!"(AA&$-(A&()?&G&)72)S?9%B)<2<4/ 4 P%9"*C-9 P"((')L%g&)M&9%$
) T%G&*) &G&) 9"(\&(&) ?"9-$&;&() ,C&C-,Q) ?+,%,%Q) ,'&9&C) G&() *"C"(C-&() *"C"(&A&*"9:&&(Q) &C&-) k) a%,%])_8"(\%?C&*&()(%B&%)$"9,&#&)-(C-*)#"(%(A*&C*&()*",":&;C"9&&(/`
*"$%:&*&() ,-#$"9) G&'&) #&(-,%&) '&(A) $"9B&*-) $&A%) *&9'&>&() SP8M) ,"$&A&%) &*%$&C) G&9%) ./) J(C-*) #"#&C-;%) *"C"(C-&() !&,&B) 0<5) &'&C) H<I) JJ) !"9,"9+&() T"9$&C&,Q) G&() !&,&B) 02) . P%9"*C-9 ='B^&(-,)F&(%)R-*-;)8"(G9+K& k) 8%,%]) _8"('"G%&*&() $"9&A&#) ,+B-,%) *"-&(A&() ,",-&%) G"(A&() *"$-C-;&() ,"C%&?)
!"(AA&$-(A&(/ !YZR) 56X<20.Q) !"9-,&;&&() !","9C&) !"(AA&$-(A&() C"B&;) #"(A-#-#*&() 9"(\&(&) 5 P%9"*C-9 T&*&(+9%)8%g-(+ ?"B&(AA&()#"B&B-%),%("9A%)G"(A&()"*+,%,C"#/`
!"(AA&$-(A&() ,"\&9&) C"9C-B%,) *"?&G&) *&9'&>&() #&,%(AD#&,%(A) !"9-,&;&&() !","9C&) 3 P%9"*C-9 =%A%C)["(G9&))F-(&>&(
) P"(A&()#"#?"9C%#$&(A*&()*"$-C-;&()C"(&A&)*"9:&)-(C-*)#"(:&#%()*"B&(A,-(A&()-,&;&) ) !9%+9%C&,) =C9&C"A%,) T"9#&,-*]) #"(G+9+(A) ?"9C-#$-;&() ?"(:-&B&() C"9,"A#"(C&,%) G&()
8MNO) +B";) SP8M) ?&,\&) !"(AA&$-(A&(Q) #&(&:"#"() SP8M) &*&() #"(&>&9*&() *"?&G&) !"(AA&$-(A&()?&G&)72)S?9%B)<2<4/
1 P%9"*C-9 L%\*')F-(&>&( #"(G&?&C*&()*"#$&B%)?&(A,&)?&,&9)G%),"A#"()?+C"(,%&BQ)#"(%(A*&C*&()9"C"(,%)?"B&(AA&()
*&9'&>&()8MNO)*","#?&C&()-(C-*)$"*"9:&),"$&A&%)*&9'&>&()SP8M)?&,\&)!"(AA&$-(A&() 5/) !"(AA&$-(A&() &*&() G%B&*,&(&*&() G"(A&() #"#?"9;&C%*&() *"C"(C-&() ?"9&C-9&() ,&#$%B)#"('"%#$&(A*&()*-&B%C&,)*9"G%C)G&()#&9A%()*+#?"C%C%KQ)#"#?"9\"?&C)?"9C-#$-;&()
$"9G&,&9*&();-$-(A&()*"9:&)$&9-)G"(A&()SP8M),",-&%)G"(A&(),'&9&C)G&()*"C"(C-&()'&(A) ?"9-(G&(AD-(G&(A&()'&(A)$"9B&*-Q)*;-,-,('&)H%I)JJ)!"9,"9+&()T"9$&C&,e)H%%I)JJ)!&,&9) P">&()R+#%,&9%,i &,"C) G%) ,"A#"() $%,(%,) $"9#&9A%() C%(AA%Q) #"#&:-*&() C9&(,K+9#&,%) G%A%C&B) G&() %(C"A9&,%)
&*&()G%C"C&?*&(),"\&9&)>&:&9)+B";)#&(&:"#"()SP8M/)="$&A&%)C%(G&*)B&(:-C)&C&,)?"(&>&9&() 8+G&Be)H%%%I)!!)<5X0113Q)H%^I)!YZR)56X<20.e)H^I)!YZR)65X<2<2Q)H^%I)!YZR)6.X<2<6Q)H^%%I) "*+,%,C"#Q)#"(%(A*&C*&()?9+G-*C%^%C&,)G&()*"-(AA-B&()+?"9&,%+(&BQ)#"('"G"9;&(&*&()G&()
C"9,"$-CQ)8MNO)&*&()#"('"B",&%*&();-$-(A&()*"9:&)G"(A&(),"B-9-;)*&9'&>&(('&)'&(A)&*&() =cYZR)<2X<2<7Q)G&()H^%%%I)=cYZR)<<X<2<7/ ?'" /'5-5- ?%3% #"9&#?%(A*&() ?9+,",) -(C-*) #"(%(A*&C*&() ?"(A&B&#&() ?"B&(AA&(Q) #"#?"9*-&C) B&'&(&()
$"9B&*-) "K"*C%K) ?&G&)T&(AA&B) cK"*C%K) !"(AA&$-(A&(/) [&*) G&() *">&:%$&() ,"B-9-;) *&9'&>&() '&(A)$"9?-,&C)?&G&)?"B&(AA&()#"B&B-%)%(+^&,%)G&()?9+A9&#)B+'&B%C&,/
8MNO)&*&()G%,"B",&%*&(),",-&%)G"(A&()*"C"(C-&()%(C"9(&B)8MNO)G&()?"9&C-9&()?"9-(G&(AD ) !"(AA&$-(A&()&*&()"K"*C%K),"C"B&;)C"9?"(-;%('&)?"9,'&9&C&(),"$&A&%)$"9%*-C] 0 R+#%,&9%,)JC&#& P&%,-*")c:%#&)
-(G&(A&()'&(A)$"9B&*-/ < R+#%,&9%,)N(G"?"(G"( R9%,(&)U%:&'&) ) SP8M) &*&() #"#?"9C&;&(*&() 9&,%+) *"\-*-?&() #+G&B) ,",-&%) G"(A&() ?"9&C-9&() ?&,\&)
&/) 8"#?"9+B";) ?"9('&C&&() "K"*C%K) !"(AA&$-(A&() G&9%) YZR) !&,&9) 8+G&B) G&() !"(AA&$-(A&() G&() *"$%:&*&() %(C"9(&B) ,"9C&) #"#&,C%*&() 9&,%+) -C&(A) C"C&?) G&B&#) &#$&(A)
) SP8M) G&() 8MNO) $"9*+#%C#"() -(C-*) #"#&C-;%) G&() #"#"(-;%) *"C"(C-&() %(C"9(&B) G&() ?"9,"C-:-&() !"(AA&$-(A&() ,"9C&) ?"9,"C-:-&() -:%) *"#&#?-&() G&() *"?&C-C&() $&A%) 7 R+#%,&9%,)N(G"?"(G"( 8&(AA%)T&9-(&)[&$%9
$&C&,) ?"9&C-9&() G&() *"$%:&*&() ?"9-,&;&&(Q) #"#?"9C&;&(*&() B&$&) &C&,) "*-%C&,) H-&10-"' $"'
?"9&C-9&() ?"9-(G&(AD-(G&(A&() '&(A) $"9B&*-) #"(A"(&%) ?"('"B",&%&() ,C&C-,Q) ;&*Q) G&() ?"#"A&(A) ,&;&#) ?"(A"(G&B%) G&() ,"B-9-;) &(AA+C&) P%9"*,%Q) P">&() R+#%,&9%,Q) G&() 6 R+#%,&9%,) h+(A,%()h+(A\&9 &I0!18'X)LYcI)?&G&)C%(A*&C)'&(A)G%C&9A"C*&()?&,\&)!"(AA&$-(A&(/
*">&:%$&() &(AA+C&) P%9"*,%Q) P">&() R+#%,&9%,Q) P">&() !"(A&>&,) ='&9%&;Q) G&() *&9'&>&() P">&()!"(A&>&,)='&9%&;)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&()G&9%)YZR)NRO@/ 4 R+#%,&9%,) [+(AA+)U%G:+:+)R&(A#&,C+ ) SP8M)&*&()C"9-,)K+*-,)?&G&)?"(%(A*&C&()&,"C)?"#$%&'&&()$"9*-&B%C&,)-(C-*)#"(A+?C%#&B*&()
'&(A)C"9G&#?&*)&*%$&C)!"(AA&$-(A&(/ $/) 8"#?"9+B";) ?"9,"C-:-&() ?9%(,%?) @cN) &C&,) ?"(\&C&C&() ,&;&#) $&9-) '&(A) G%C"9$%C*&()
+B";) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() *"?&G&) ?"#"A&(A) ,&;&#) !"9-,&;&&() SUR¿WDELOLWDV PHPDQIDDWNDQ VLQHUJL GDUL 3HUXVDKDDQ 3HVHUWD 3HQJJDEXQJDQ GDQ
R"# />?X>$>L@R@?#Q@2#:@?#2>W@ORH@?#/RQ@2#2>ARP@ P">&()!"(A&>&,)='&9%&;i #"#?"9C&;&(*&() 9&,%+) ?"#$&'&9&() G%^%G"() H+!J!+&"+' ,)8$01' -)1!$' X) P!LI) '&(A) *+(,%,C"()
d&(A)8"(AA&$-(A*&()P%9%),"$&A&%)&*%$&C)G&9%)!"(AA&$-(A&(/
9"# /-4%T#201-,%#:%I%3#/0(Z%)Z-%)# ?'" /'5-5- ?%3% ,",-&%) G"(A&() *"$%:&*&() SP8M/) ="B&%() %C-Q) SP8M) &*&() #"(A+?C%#&B*&() ,%("9A%) G&()
\/) 8"#?"9+B";) ?"9,"C-:-&() &C&-) C%G&*) &G&('&) *"$"9&C&() G&9%) *9"G%C+9) G&9%) #&,%(AD *+B&$+9&,%)G"(A&()8JMF)G&()@&(*)P&(&#+()-(C-*)#"(G-*-(A)?"9C-#$-;&()$%,(%,),"9C&)
) @"9G&,&9*&() *"C"(C-&() !&,&B) 0) &(A*&) H1I) :+/) !&,&B) 0<<) &'&C) H7I) JJ) !"9,"9+&() T"9$&C&,Q) #&,%(A)!"9-,&;&&()!","9C&)!"(AA&$-(A&()G&(X&C&-)#"B&*,&(&*&()C%(G&*&()'&(A) 0 R"C-& M&C;-99&;#&()P:&#%B &*,",)?"(G&(&&()G&()B%*-%G%C&,/)
!&,&B) 0) &(A*&) H04I) !YZR) 65X<2<2Q) G&() !&,&B) 0) &(A*&) H<I) !YZR) 56X<20.Q) ?"B&*,&(&&() G%?"9B-*&() ,"$&A&%#&(&) G%,'&9&C*&() G&B&#) ?"9:&(:%&() '&(A) #"B%$&C*&() #&,%(AD
!"(AA&$-(A&() #"(A&*%$&C*&() &*C%^&X&,"CQ) ?&,%^&XB%&$%B%C&,Q) G&() "*-%C&,) 8MNO) ,"B&*-) < S(AA+C& O++9)S;#&G
#&,%(A)!"9-,&;&&()!","9C&)!"(AA&$-(A&(/ ) ="C"B&;) !"(AA&$-(A&(Q) SP8M) &*&() C"9-,) #"(A"^&B-&,%) :&9%(A&() \&$&(A) G&() ,&B-9&()
!"9-,&;&&() d&(A) 8"(AA&$-(A*&() P%9%) $"9&B%;) *&9"(&) ;-*-#) *"?&G&) SP8M) ,"B&*-) G/) 8"#?"9+B";)?"9,"C-:-&()G&9%)LJ!=E@)SP8M)'&(A)&*&()G%B&*,&(&*&()?&G&)C&(AA&B) 7 S(AA+C& L%(%)M&C#&)R&9C%*& G%,C9%$-,%('&Q) G"(A&() #"#?9%+9%C&,*&() *"B&(A,-(A&() $%,(%,Q) B&'&(&() ?"B&(AA&(Q) G&()
!"9-,&;&&() !"("9%#&) !"(AA&$-(A&(Q) G&() ,"B&(:-C('&) ,C&C-,) $&G&() ;-*-#) 8MNO) ,"B&*-) 72) Z-(%) <2<4) -(C-*) #"('"C-:-%Q) &(C&9&) B&%(Q) !"(AA&$-(A&() $","9C&) L&(\&(A&() ;CD&51!D'%&"E)()1'*&1&4).'%&"+),)15)"',&-*&10E0)"'0E!'5&,)101)"'+)"'5&4)8)5)"'+)-!'FGHB H¿VLHQVLELD\D
!"9-,&;&&()d&(A)8"(AA&$-(A*&()P%9%)$"9&*;%9)*&9"(&);-*-#/)P"(A&()G"#%*%&(Q),"B-9-;) !"(AA&$-(A&() G&() *+(,"?) S*C&) !"(AA&$-(A&(Q) ?"#$"B%&() *"#$&B%) &C&,) ,&;&#)
;&*) G&() *">&:%$&() 8MNO) $"9G&,&9*&() ?"9:&(:%&() &C&-) *+(C9&*) G"(A&() ?%;&*) *"C%A&) #&(&) L"#-("9&,%)S(AA+C&)P%9"*,%)G&()P">&()R+#%,&9%,)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&( Q"# />*MH@Q@?#@?PP@*@?#:@L@*#/>*ML@Q@@?#/>?>*RN@#/>?PP@HM?P@?#
#%B%*) ?"#"A&(A) ,&;&#)SP8M) '&(A) C%G&*) #"('"C-:-%) !"(AA&$-(A&() G&() #"#%(C&)
?-() '&(A) C"B&;) G%C&(G&C&(A&(%) +B";) 8MNO) ,"$&A&%) !"9-,&;&&()d&(A) 8"(AA&$-(A*&() P%9%) S(AA&9&() P&,&9) SP8M) ,"$&A&%) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() &*&() G%-$&;)
&*&() $"9&B%;) ,"\&9&) ;-*-#) *"?&G&)SP8M) ,"$&A&%) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() &A&9) ,&;&#('&) G%$"B%) +B";) !"#$"B%) =%&A&)SP8MQ) G&() ?"9-$&;&()S(AA&9&() P&,&9) ) L"#-("9&,%Q)C"9#&,-*)A&:%Q);+(+9&9%-#Q)G&()C-(:&(A&()B&%(('&)$&A%)P%9"*,%Q)P">&()R+#%,&9%,Q)
SP8M) &C&,) ?"(%(A*&C&() #+G&B) G%C"#?&C*&() G&() G%,"C+9) &*%$&C) ?"("9$%C&() ,&;&#) G&()P">&()!"(A&>&,)='&9%&;)SP8M),"$&A&%)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&()&*&() ,";-$-(A&() G"(A&() ?"(%(A*&C&() #+G&B) G%C"#?&C*&() G&() G%,"C+9)SP8M) &*%$&C) ?"("9$%C&()
?&G&) T&(AA&B) cK"*C%K) !"(AA&$-(A&(/) =";%(AA&Q) SP8M) ,"$&A&%) !"9-,&;&&() !"("9%#&) ,&;&#) $&9-) *"?&G&) ?"#"A&(A) ,&;&#) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A) 8"(AA&$-(A*&()
!"(AA&$-(A&() &*&() #"(AA&(C%*&() 8MNOQ) ,"$&A&%) ?%;&*) G&B&#) ?"9:&(:%&() &C&-) *+(C9&*) $&9-) *"?&G&) ?"#"A&(A) ,&;&#) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A) 8"(AA&$-(A*&() G%B&*,&(&*&() ,",-&%) G"(A&() S(AA&9&() P&,&9) SP8M) G&() ?"9&C-9&() ?"9-(G&(AD-(G&(A&()
P%9%/) '&(A)$"9B&*-/ P%9%/
C"9,"$-CQ)G&()&*&()#"("9%#&),"#-&);&*)G&()*">&:%$&()$"9G&,&9*&()*"C"(C-&()?"9:&(:%&()
&C&-)*+(C9&*)C"9,"$-CQ)*"\-&B%)?"9:&(:%&()&C&-)*+(C9&*)C"9,"$-C)#"("C&?*&()B&%(/) "/) 8"#?"9+B";) ?"9,"C-:-&() G&9%) LJ!=E@) 8MNO) '&(A) &*&() G%B&*,&(&*&() ?&G&) RU"# >LARN@LR#O@?P2@#W@2AM#/>$@2L@?@@?#/>?PP@HM?P@?#
:"# LMLM?@?#B*P@?RL@LR#
C&(AA&B) 72) Z-(%) <2<4) #"('"C-:-%Q) &(C&9) B&%(Q) !"(AA&$-(A&() $","9C&) L&(\&(A&()
) T"9G&?&C) $"$"9&?&) ?"9:&(:%&() *"9:&) ,&#&) &(C&9&) 8MNO) G"(A&() #%C9&) *"9:&) ,&#&) '&(A) !"(AA&$-(A&() G&() *+(,"?) S*C&) !"(AA&$-(A&(Q) ?"#$"9;"(C%&() ,"B-9-;) &(AA+C&) ) @"9%*-C)%(%)&G&B&;),C9-*C-9)+9A&(%,&,%)SP8M),"C"B&;)T&(AA&B)cK"*C%K)!"(AA&$-(A&(] ?'" @T1-`-1%5 A%),,%I
#">&:%$*&() 8MNO) -(C-*) #"(G&?&C*&() ?"9,"C-:-&() C"9B"$%;) G&;-B-) G&9%) #%C9&) *"9:&) ,&#&) 0 !"9,"C-:-&() P">&() R+#%,&9%,) #&,%(AD#&,%(A) !"9-,&;&&() <3)S?9%B)<2<4)
-(C-*) #"(A&B%;*&() ;&*) G&() *">&:%$&() 8MNO) *"?&G&) SP8M/) 8MNO) >&:%$) #"#?"9+B";) P%9"*,%Q) P">&() R+#%,&9%,) G&() P">&() !"(A&>&,) ='&9%&;) 8MNO) '&(A) &*&() "K"*C%K)
?&G&)T&(AA&B)cK"*C%K)!"(AA&$-(A&(Q)?"#$"B%&()*"#$&B%)&C&,),&;&#)#%B%*)?"#"A&(A) !","9C&) !"(AA&$-(A&() &C&,) !"(AA&$-(A&() G&() L&(\&(A&()
?"9,"C-:-&() C"9C-B%,) C"9B"$%;) G&;-B-) G&9%) #%C9&) *"9:&) ,&#&) C"9,"$-C) ,"$"B-#) G%C"9$%C*&(('&)
?"9,"C-:-&()YZR)&C&,)!"(AA&$-(A&(/ ,&;&#) 8MNO) '&(A) C%G&*) #"('"C-:-%) !"(AA&$-(A&() G&() #"#%(C&) &A&9) ,&;&#('&) !"(AA&$-(A&(/
G%$"B%)+B";)8MNOQ)?"B&*,&(&&()B%*-%G&,%)8MNOQ)G&()?"(-(:-*&()C%#)B%*-%G&,%)8MNO/) < !"(A&:-&()?"9#+;+(&()?"9,"C-:-&()@&(*)P&(&#+(),"$&A&%)!NRR) <3)S?9%B)<2<4
;"# 2(0.-1'( K/) !"(&(G&C&(A&(&()S*C&) !"(AA&$-(A&() G&B&#) @&;&,&) N(G+(",%&) +B";) !"9-,&;&&() *"?&G&)YZR/)
) @"9G&,&9*&()!&,&B)0<5)&'&C)H6I)JJ)!"9,"9+&()T"9$&C&,Q)?&9&)*9"G%C+9)G&9%)#&,%(AD#&,%(A) !","9C&)!"(AA&$-(A&()G%);&G&?&()(+C&9%,/ 7 !"(A&:-&(] 72)S?9%B)<2<4
!"9-,&;&&()!","9C&)!"(AA&$-(A&()G&?&C)#"(A&:-*&()*"$"9&C&()C"9;&G&?)!"(AA&$-(A&() A/) @-*C%)?"#$"9%C&;-&()G&9%)8"(;-#)&C&,)S*C&)!"(AA&$-(A&()C"B&;)G%?"9+B";/ &/) !"9#+;+(&() H%I) !"9,"C-:-&() !"(AA&$-(A&() G&() !"9,"C-:-&()
G&B&#) :&(A*&) >&*C-) ?&B%(A) B&#$&C) 06) H"#?&C) $"B&,I) ;&9%) *&B"(G"9) ,":&*) G%-#-#*&(('&) !"(%B&%&() R"#&#?-&() G&() R"?&C-C&() @&A%) !%;&*) JC&#&) H3!1'
3/) !&G&) T&(AA&B) cK"*C%K) !"(AA&$-(A&(Q) SP8M) &*&() $"9C%(G&*) ,"$&A&%) !"9-,&;&&()
L%(A*&,&() L&(\&(A&() !"(AA&$-(A&(/) @"9G&,&9*&() !&,&B) 0<5) &'&C) H6I) G&() H4I) JJ) )"+' 7-$,&-' 9&*1A) *"?&G&) YZR) HNRO@I) G&() H%%I) !"9('&C&&()
!"9,"9+&()T"9$&C&,Q)&?&$%B&),&#?&%)06)H"#?&C)$"B&,I);&9%)*&B"(G"9),"C"B&;)G%-#-#*&(('&) !"("9%#&) !"(AA&$-(A&() G%#&(&) ,",-&%) G"(A&() *"C"(C-&() !&,&B) 0) &(A*&) H1I) G&()
!&,&B) 0<<) JJ) !"9,"9+&() T"9$&C&,) :+/) !&,&B) 0) &(A*&) H<I) !YZR) 56X<20.) :+/) !&,&B) 0) !"(G&KC&9&()!"(AA&$-(A&()*"?&G&)YZR)H!&,&9)8+G&BIQ)G%,"9C&%)
L%(A*&,&() L&(\&(A&() !"(AA&$-(A&() C%G&*) C"9G&?&C) *"$"9&C&() '&(A) G%&:-*&() ,"\&9&) G+*-#"()?"(G-*-(A('&/
C"9C-B%,) +B";) *9"G%C+9) '&(A) $"9,&(A*-C&(Q) #&*&) *9"G%C+9) C"9,"$-C) G%&(AA&?) #"('"C-:-%) &(A*&)H04I)!YZR)65X<2<2Q),"C"B&;)!"(AA&$-(A&()$"9B&*-)"K"*C%KQ)#&*&)&,"CQ)B%&$%B%C&,Q)
G&()"*-%C&,)8MNO),"$&A&%)!"9-,&;&&()d&(A)8"(AA&$-(A*&()P%9%)&*&()$"9&B%;)*&9"(&) $/) !"9#+;+(&()!"9,"C-:-&()!9%(,%?)*"?&G&)@cN)-(C-*)?"(\&C&C&()
!"(AA&$-(A&(Q) ,";%(AA&) SP8M) &*&() #"(A&#$%B) &B%;) ,"B-9-;) ;&*) G&() *">&:%$&() 8MNO) G&() ?"("9$%C&() ,&;&#) $&9-) SP8M) '&(A) G%C"9$%C*&() *"?&G&)
C"9;&G&?)?&9&)*9"G%C+9/ ;-*-#)*"?&G&)SP8M),"$&A&%)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&(Q)G&(),"B-9-;)G&C&)
?"#"A&(A),&;&#)8MNO)&*%$&C)!"(AA&$-(A&(/
?9%$&G%)HG&B&#)*+(C"*,)G&()?"(A"9C%&()'&(A)G%&C-9)G&B&#)JJ)!"9B%(G-(A&()P&C&)!9%$&G%I)
) R"$"9&C&() G&9%) ?&9&) *9"G%C+9) H&?&$%B&) &G&I) &*&() G%,"B",&%*&() ,"$"B-#) G%*"B-&9*&(('&) '&(A)G%C&C&-,&;&*&()X)G%*"B+B&)+B";)8MNO)$"9&B%;)*"?&G&)SP8M)-(C-*)G%C&C&-,&;&*&()X) 6 &/) !"(A-#-#&()L%(A*&,&()L&(\&(A&()!"(AA&$-(A&()*"?&G&)H%I)
?"9,"C-:-&() YZR) C"(C&(A) !"(AA&$-(A&(/) S?&$%B&) *"$"9&C&() G&9%) ?&9&) *9"G%C+9) $"B-#) #&,'&9&*&C)G&B&#)<)HG-&I),-9&C)*&$&9);&9%&()(&,%+(&B)G&(),%C-,)
G%,"B",&%*&(Q)#&*&)!"(AA&$-(A&()C%G&*)G&?&C)G%B&(:-C*&(/ G%*"B+B&) +B";)SP8MQ) G&() ,"B&(:-C('&) ,C&C-,) $&G&() ;-*-#) 8MNO) &*&() $"9&*;%9) *&9"(&)
;-*-#) ,"$&A&%) &*%$&C) G&9%) !"(AA&$-(A&(/) ="B&(:-C('&Q) ,"B-9-;) *"A%&C&(Q) *"A%&C&() >"$) !"9-,&;&&() !","9C&) !"(AA&$-(A&(Q) G&() H%%I) R&9'&>&()
) =";-$-(A&() G"(A&() !"(AA&$-(A&(Q) $"9G&,&9*&() $"$"9&?&) ?"9:&(:%&() ?%(:&#&(X -,&;&Q)*"A%&C&()+?"9&,%+(&BQ)*">&:%$&()*"-&(A&(Q);&*)G&()*">&:%$&(Q)C"9#&,-*)(&#-() !"9-,&;&&()!","9C&)!"(AA&$-(A&(/
?"#$%&'&&() '&(A) C"B&;) G%C&(G&C&(A&(%) +B";) #&,%(AD#&,%(A) !"9-,&;&&() !","9C&) C%G&*) C"9$&C&,) ?&G&) '&(A) $"9G&,&9*&() ?"9:&(:%&() &C&-) *+(C9&*Q) $"9&B%;) *&9"(&) ;-*-#) $/) !"('&#?&%&() ,-9&C) ?"9#+;+(&() ?"9,"C-:-&() !"(AA&$-(A&()
>"# />?R$@R@?# AR?P2@A# 2>L>Q@A@?# />*ML@Q@@?# />?>*RN@# />?PP@HM?P@?#
!"(AA&$-(A&(Q) !"9-,&;&&() !","9C&) !"(AA&$-(A&() G%;&9-,*&() -(C-*) #"#?"9+B";) G&9%) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A) 8"(AA&$-(A*&() P%9%) *"?&G&) SP8M) ,"$&A&%) *"?&G&)*9"G%C+9)!"9-,&;&&()!","9C&)!"(AA&$-(A&()'&(A)C"9*&%C)
/@LV@#/>?PP@HM?P@? H,"$&A&%#&(&)G%,'&9&C*&()G&B&#)?"9:&(:%&()?%(:&#&()'&(A)&G&I/
?"9,"C-:-&() C"9C-B%,) C"9B"$%;) G&;-B-) G&9%) ?&9&) *9"G%C+9) $"9G&,&9*&() $"$"9&?&) ?"9:&(:%&() !"9-,&;&&()!"("9%#&)!"(AA&$-(A&(/
?%(:&#&(X?"#$%&'&&() G&() ?"9:&(:%&() ?"9>&B%&#&(&C&() C"9,"$-C/) !"9-,&;&&() !","9C&) ) !"(%B&%&() C%(A*&C) *",";&C&() G&9%) !"9-,&;&&() !"("9%#&) !"(AA&$-(A&() ?&,\&) \/) !"#$"9%C&;-&() !"(AA&$-(A&() *"?&G&) ?"#&(A*-) *"?"(C%(A&()
!"(AA&$-(A&() >&:%$) #"#?"9+B";) ?"9,"C-:-&() C"9C-B%,) C"9B"$%;) G&;-B-) G&9%) ?&9&) *9"G%C+9) ) U&B&-?-(),"B-9-;)&,"C)G&()B%&$%B%C&,)8MNO),"$&A&%)!"9-,&;&&()d&(A)8"(AA&$-(A*&() !"(AA&$-(A&(Q) '&(A) G%G&,&9*&() ?&G&) ;&,%B) ?"(%B&%&() T&C&) R"B+B&) !"9-,&;&&() '&(A) $&%*Q) C"9*&%C) HG"$%C-9Q) #%C9&) $%,(%,Q) G&() *9"G%C+9I) !"9-,&;&&() !","9C&)
C"9,"$-C),"$"B-#)G%C"9$%C*&(('&)?"9,"C-:-&()YZR)&C&,)!"(AA&$-(A&(/ P%9%)$"9&B%;)G"#%);-*-#)*"?&G&)SP8M),"$&A&%)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&(Q) SUR¿O ULVLNR WLQJNDW UHQWDELOLWDV GDQ SHUPRGDODQ PHPLOLNL /0(-),T%1# 2'3&'5-1# ;# J/2[ !"(AA&$-(A&(/
) Z%*&) C"9G&?&C) *9"G%C+9) '&(A) $"9*"$"9&C&() &C&,) ?"B&*,&(&&() !"(AA&$-(A&(Q) #&*&) (&#-()&?&$%B&)#"(-9-C)*"C"(C-&()'&(A)$"9B&*-Q)&,"C)G&()B%&$%B%C&,)8MNO)C"9,"$-C)C%G&*) ;K/) !"9%(A*&C) %(%) #"(\"9#%(*&() *+(G%,%) ?"9-,&;&&() '&(A) -#-#('&) ,";&CQ) #"(-(:-**&() 4 !"('&#?&%&() $-*C%) ?"(A-#-#&() L%(A*&,&() L&(\&(A&()
,"9C&)#"9C&)H+C+#&C%,I)&C&-)C%G&*),"#?-9(&)G&?&C)G%C9&(,K"9)&C&-)G%&B%;*&()*"?&G&)SP8MQ) *"#&#?-&(('&) -(C-*) ,"\&9&) "K"*C%K) #"(A"B+B&) 9%,%*+) %(C"9(&B) G&() "*,C"9(&B) ?&G&) ,"#-&) 72)S?9%B)<2<4
\&9&) ?"('"B",&%&() '&(A) G%A-(&*&() &G&B&;) G"(A&() #"(A%*-C%) *"C"(C-&() '&(A) G%&C-9) !"(AA&$-(A&()*"?&G&)YZR)H!&,&9)8+G&BI/
G&B&#) ?"9:&(:%&() &C&-) G+*-#"() '&(A) #"(G&,&9%) ?"9%*&C&() &(C&9&) !"9-,&;&&() !","9C&) #&*&) SP8M) G&() 8MNO) ,"?&*&C) -(C-*) #"B&*-*&() ,"A&B&) C%(G&*&() '&(A) G%?"9B-*&() *&C"A+9%) '&(A) G%(%B&%) G&() G&B&#) ;&B) C"9G&?&C) *"B"#&;&(Q) #&*&) ,"\&9&) -#-#) *"B"#&;&() . @&C&,)>&*C-)$&A%)*9"G%C+9)&C&-)?%;&*)*"C%A&)C"9*&%C)G&9%)!"9-,&;&&() 06)8"%)<2<4
!"(AA&$-(A&()'&(A)$"9,&(A*-C&()G"(A&()*9"G%C+9)C"9,"$-C/ -(C-*) #"('"B",&%*&() ?"(A&B%;&() &,"C) G&() B%&$%B%C&,) C"9,"$-CQ) C"9#&,-*) (&#-() C%G&*) WHUVHEXWNXUDQJVLJQL¿NDQ !","9C&) !"(AA&$-(A&() -(C-*) #"('&#?&%*&() *"$"9&C&()
C"9$&C&,)?&G&)#"#$-&C)G&()#"(&(G&C&(A&(%)?"9:&(:%&(Q)&*C&Q)G&()G+*-#"(),"9C&),-9&C) ,";-$-(A&()G"(A&()!"(AA&$-(A&(/
O"# />?X>$>L@R@?# Q@2[Q@2# />N>P@?P# L@Q@N# />*ML@Q@@?# />L>*A@# ) ="\&9&)*","B-9-;&(Q)C%(A*&C)*",";&C&()!"9-,&;&&()!"("9%#&)!"(AA&$-(A&()C%G&*)$"9-$&;)
B&%(('&Q) -(C-*) ?"(A&B%;&() '&(A) #"#"9B-*&() ?"9-$&;&() %G"(C%C&,) H(&#&) ?"9-,&;&&(IQ)
/>?PP@HM?P@?# G%$&(G%(A*&()G"(A&()C%(A*&C)*",";&C&()%(G%^%G-)SP8M)G&()8MNO),"$"B-#)!"(AA&$-(A&(/ 5 YZR)H!&,&9)8+G&B)G&()NRO@I)#"#%(C&)G+*-#"(X%(K+9#&,%)C&#$&;&() 06)8"%)<2<4
*"?"#%B%*&(Q) G&() ;&BD;&B) &G#%(%,C9&C%K) B&%(('&) '&(A) #"#"9B-*&() ?"(\&C&C&() -B&(A)
H:%*&)&G&I/
) =",-&%)G"(A&()*"C"(C-&()!&,&B).<)&'&C)H0I)JJ)!"9,"9+&()T"9$&C&,Q),"C%&?)?"#"A&(A),&;&#) %G"(C%C&,)G&()*"?"#%B%*&()C"9,"$-C)-(C-*)?"('"#?-9(&&()?"(A&B%;&(('&),",-&%)G"(A&() S"# $@/B*@?#2>M@?P@?#/*BSB*N@#:@*R#/>*ML@Q@@?#/>?>*RN@#/>?PP@HM?P@?
!"9-,&;&&() !","9C&) !"(AA&$-(A&() $"9;&*) #"#%(C&) !"9-,&;&&() !","9C&) !"(AA&$-(A&() ,'&9&C)G&()*"C"(C-&()?"9&C-9&()?"9-(G&(AD-(G&(A&()'&(A)$"9B&*-)G&()C"9*&%C)G"(A&() 3 !"('&#?&%&() 8&C&) S\&9&) LJ!=E@) !"9-,&;&&() !","9C&) 06)8"%)<2<4
'&(A)$"9,&(A*-C&()-(C-*)#"#$"B%)*"#$&B%),&;&#('&)G"(A&();&9A&)'&(A)>&:&9)&?&$%B&)C%G&*) E&?+9&()*"-&(A&()?9+K+9#&)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&()?"9)70)P","#$"9)<2<6) !"(AA&$-(A&()*"?&G&)YZR)H!&,&9)8+G&BI/
&,"C)G&()B%&$%B%C&,)C"9,"$-C/
#"('"C-:-%)C%(G&*&()!"9-,&;&&()!","9C&)!"(AA&$-(A&()'&(A)#"9-A%*&()?"#"A&(A),&;&#Q) '&(A) C"B&;) G%C"B&&;) +B";) R&(C+9) S*-(C&() !-$B%*) E%&(&) L&#+() W"(%&) V) L"*&() H&(AA+C&)
1 !"(A&:-&()!"9#+;+(&()!"9,"C-:-&()YZR)HNRO@I)&C&,)T%#)E%*-%G&,%) 04)8"%)<2<4
&(C&9&) B&%() $"9-?&) !"(AA&$-(A&(/) !"#$"B%&() *"#$&B%) ,&;&#) C"9,"$-C) G%B&*-*&() G"(A&() 1/) !"#"A&(A) ,&;&#) 8MNO) ,"$&A&%) !"9-,&;&&() d&(A) 8"(AA&$-(A*&() P%9%Q) *&9"(&) H,"$&A&%#&(&) %,C%B&;) C"9,"$-C) G%A-(&*&() G&B&#) !"9&C-9&() 8"(C"9%) R"-&(A&() O+#+9) 03.X
8MNO/
#"#?"9;&C%*&()*"C"(C-&()G&B&#)!&,&B)75)&'&C)H0I)JJ)!"9,"9+&()T"9$&C&,)'&(A)#"('&C&*&() ;-*-#Q) &*&() #"(:&G%) ?"#"A&(A) ,&;&#) SP8M) ,"$&A&%) !"9-,&;&&() !"("9%#&) !8R/20X<2<0) G&() !"9&C-9&() YC+9%C&,) Z&,&) R"-&(A&() O+#+9) 1) T&;-() <2<7I) G&9%) P"B+%CC")
$&;>&) ?"#$"B%&() *"#$&B%) ,&;&#) C"9,"$-C) C%G&*) #"(A&*%$&C*&() *"*&'&&() $"9,%;) ,"C%&?) !"(AA&$-(A&(G"(A&()#"#?"9;&C%*&();&*)?"#"A&(A),&;&#)8MNO)-(C-*)#"#%(C&)8MNO) =+-C;"&,C)S,%&) E%#%C"GI) HG&;-B-) G%*"(&B) ,"$&A&%) R&(C+9)S*-(C&() !-$B%*) N#"BG&) V) L"*&(I/) 02 &/) !"(A-#-#&() LJ!=E@) !"9-,&;&&() !","9C&) !"(AA&$-(A&() <0)8"%)<2<4
!"9-,&;&&()!","9C&)!"(AA&$-(A&()#"(:&G%)B"$%;)*"\%B)G&9%),"B-9-;)#+G&B)'&(A)G%C"#?&C*&() -(C-*) #"#$"B%) *"#$&B%) ,&;&#('&) G"(A&() ;&9A&) '&(A) >&:&9) &?&$%B&) C%G&*) #"('"C-:-%) E&?+9&()*"-&(A&()?9+K+9#&)!"9-,&;&&()!"("9%#&)!"(AA&$-(A&()?"9)70)P","#$"9)<2<6) G&() ?"('&#?&%&() $-*C%) ?"(A-#-#&() LJ!=E@) !"9-,&;&&()
G%C&#$&;)\&G&(A&()>&:%$)'&(A)C"B&;)G%,%,%;*&()G&():-#B&;)(%B&%)(+#%(&B),"B-9-;),&;&#)'&(A) !"(AA&$-(A&(/) P&B&#) ?9+,",) !"(AA&$-(A&(Q) SP8M) &*&() #"("9$%C*&() ,&;&#) $&9-) G%,-,-() $"9G&,&9*&() B&?+9&() *"-&(A&() SP8M) G&() 8MNO) ?"9) 70) P","#$"9) <2<6) '&(A) !","9C&)!"(AA&$-(A&()*"?&G&)@cN/
G%$"B%) *"#$&B%) +B";) ,"C%&?) !"9-,&;&&() !","9C&) !"(AA&$-(A&() C%G&*) #"B"$%;%) 02Q22b) G&9%) *"?&G&)?"#"A&(A),&;&#)8MNO),",-&%)G"(A&()C&C&)\&9&)?"(%B&%&()G&()*+(^"9,%),&;&#) C"B&;)G%&-G%CQ)G"(A&()?"('",-&%&()?9+K+9#&),",-&%)G"(A&()!"9('&C&&()=C&(G&9)S*-(C&(,%) $/) .HWHUEXNDDQ ,QIRUPDVL WHUNDLW 7UDQVDNVL $¿OLDVL WHUNDLW
#+G&B)G%C"#?&C*&()!"9-,&;&&()!","9C&)!"(AA&$-(A&()C"9*&%C/ R"-&(A&()H_/L@2`I/ !"(AA&$-(A&(/
,"$&A&%#&(&)G%:"B&,*&()?&G&)@&A%&()NN)L&(\&(A&()!"(AA&$-(A&()%(%/
Page 3
12 NATIONAL
RABU, 30 APRIL 2025
MUNDUR DARI KEPALA PCO
Hasan Nasbi Minta Maaf kepada
Presiden Prabowo
JAKARTA, ID - Hasan Nasbi telah mengumumkan pengunduran dirinya sebagai Kepala Komunikasi Kepresidenan atau Presidential
Communication Office (PCO) pada Selasa (29/4/2025) dan menyatakan kesediaannya untuk membantu seluruh proses transisi jabatan itu.
Oleh Imam Suhartadi keputusannya untuk mundur tan Peraturan Presiden (Perpres) jalan sesuai dengan mekanisme saat makan siang dan seter-
itu dinilai sebagai jalan terbaik Nomor 82 Tahun 2024 tentang dan peraturan perundang-un- usnya. Tidak ada yang serius,
H
demi kebaikan komunikasi Kantor Komunikasi Kepresi- dangan yang berlaku. tidak ada yang politis,” kata
asan juga men- pemerintah pada masa men- denan. Muzani saat ditemui di Istana
yampaikan per- datang. Tak Ikut Dibahas Kepresidenan RI, Jakarta, Selasa
mintaan maaf Menurut dia, pengunduran PCO Berjalan Normal Sementara itu, Ketua MPR (29/4/2025).
kepada Presiden dirinya juga bukan merupakan Kantor Komunikasi Kepresi- RI Ahmad Muzani mengakui Muzani mengungkapkan
RI Prabowo Sub- sebuah keputusan yang tiba-tiba denan Presidential Communica- pertemuan makan siang ber- bahwa momen makan siang
ianto jika terdapat pelayanan dan emosional. tion Office (PCO) memastikan sama Presiden RI Prabowo bersama Presiden Prabowo di
yang jauh dari yang diharapkan “Ini rasanya adalah jalan kegiatan tetap berjalan normal Subianto di Istana Kepres- Istana tersebut juga dihadiri
selama memimpin lembaga itu. terbaik yang dipikirkan dalam usai Hasan Nasbi mundur dari idenan RI, Jakarta, Selasa oleh Wakil Ketua DPR yang juga
“Saya juga harus meminta suasana yang amat tenang dan jabatannya sebagai Kepala lem- (29/4/2025), tidak membahas Ketua Harian Partai Gerindra
maaf kepada beliau jika se- demi kebaikan komunikasi pe- baga tersebut. soal mundurnya Hasan Nasbi Sufmi Dasco Ahmad, Menteri
lama memberikan pelayanan merintah pada masa yang akan Hasan Nasbi “Sehubungan dengan hal dari jabatannya sebagai Kepala Sekretaris Negara Prasetyo
kepada Presiden masih jauh datang,” kata Hasan. tersebut, kami ingin menyam- Komunikasi Kepresidenan atau Hadi, dan Sekretaris Kabinet
dari apa yang beliau harapkan,” Dalam kesempatan itu, denan termasuk dalam lembaga paikan bahwa Kantor Komuni- Presidential Communication Teddy Indra Wijaya.
kata Hasan melalui unggahan dia juga menyampaikan ter- yang tidak berada di bawah kasi Kepresidenan tetap bertu- Office (PCO). Dalam pertemuan itu, Mu-
video dari akun instagram @ ima kasih kepada Presiden koordinasi menteri koordi- gas seperti biasa,” ujar Deputi Muzani yang terlihat keluar zani menjelaskan bahwa soal
totalpolitikcom pada hari Selasa Prabowo yang sudah mem- nator bersama Jaksa Agung, Bidang Diseminasi dan Media dari kawasan Istana Kepreside- pengunduran diri Hasan Nasbi
(29/4/2025). berikan kepercayaan menjadi Kepala BIN, Kepala Staf Kepres- Informasi Kantor Komuni- nan RI, Jakarta, sekitar pukul tidak dibahas.
Hasan undur diri dari ja- bagian dari anggota Kabinet idenan, dan Sekretaris Kabinet. kasi Kepresidenan RI Noudhy 14.35 WIB itu mengatakan Ia mengaku baru menge-
batan yang diembannya sejak Merah Putih. Lembaga tersebut dibentuk Valdryno dalam pernyataan pers bahwa Presiden Prabowo secara tahui informasi tersebut melalui
Agustus 2024 itu dalam sebuah Sebelumnya, pada tang- guna mewujudkan efektivitas tertulis, Selasa (29/4/2025). khusus memintanya untuk ma- stafnya, dan belum memahami
surat pengunduran diri yang gal 21 Oktober 2024 Presiden penyelenggaraan komunikasi Noudhy mengatakan pihak- kan siang bersama. alasan mundurnya Hasan Nasbi.
dikirimkan kepada Presiden RI Prabowo Subianto resmi dan informasi strategis Presiden nya tetap fokus untuk mengo- “Tidak ada hal khusus yang “Tidak dibahas sama sekali.
Prabowo Subianto melalui Men- menunjuk Hasan Nasbi untuk secara sinergis dan terpadu. munikasikan kebijakan strategis dibahas tadi ya. Beberapa ke- Saya juga belum baca, terus ter-
teri Sekretaris Negara Prasetyo tetap menjabat sebagai Kepala Hasan Nasbi kali pertama dan program-program prioritas biasaan orang Indonesia kalau ang belum mendengar. Saya tadi
Hadi dan Sekretaris Kabinet Kantor Komunikasi Kepreside- dilantik oleh presiden ke-7 RI Presiden Prabowo Subianto. makan siang di beberapa daerah, dikasih tahu oleh staf saya, jadi
Teddy Indra Wijaya. nan (PCO). Joko Widodo pada tanggal 19 PCO, kata dia, tetap percaya menunya dan beberapa hal saya belum bisa berkomentar,”
Ia mengungkapkan bahwa Kantor Komunikasi Kepresi- Agustus 2024 melalui penerbi- bahwa seluruh proses akan ber- zaman kecil dahulu beliau pada kata Muzani.(b1/ant)
!"# $%&'('&)*
!! "#$%&'(&)&$* (#+,-&.&$* (#+'/./$&$* (#+0#1,2,&$* "#$33&-,$3&$*
4&$* (#+$%&1&&$* (#$4&51&+&$* "#$33&-,$3&$* 4&$6&1&,* 4/7,'#$*
1&'-&.&$*82)7&*4)')$1&*/9#.*:;<*8=<>?*4&$*"&0&+*@/4&9AAB
+),--).
CD*@#)*CECF Prabowo Miliki
!C "#'&$33)9&$* GH"IJ?* "#+,0&.&&$* "#0#+1&* "#$33&-,$3&$* 4&$*
(#$%&'(&)&$* -,71)* (#'&$33)9&$* GH"IJ?* "#+,0&.&&$* "#0#+1&*
"#$33&-,$3&$*7#(&4&*?K=B
!D "#+7)+&&$* 1&$33&9* (#$#+-)1&$* (#+0#1,2,&$* :;<* &1&0* L)'* J)7,)4&0)*
@M=>B
F*;,$)*CECF
!N*;,$)*CECF
Approval Rating Tertinggi
!O "#+7)+&&$* 1&$33&9* (#$#+-)1&$* (#+0#1,2,&$* :;<* &1&0* (#$,$2,7&$*
?&$7*P&$&'/$*0#-&3&)*"=<<B
!F ?&1&0*&7.)+*(#+/9#.&$*(#+0#1,2,&$*0#',&*7+#4)1/+*&1&0*"#+,0&.&&$*
"#0#+1&* "#$33&-,$3&$* 0#-&3&)'&$&* 4)(#+0%&+&17&$* 4&9&'*
(#+2&$2)&$*()$2&'&$*#70)01)$3B
!N*;,$)*CECF*Q*****
CE*;,$)*CECF
CE*;,$)*CECF di Negara G20
!R "#+7)+&&$*1&$33&9*(#$#+-)1&$S CD*; ,$)*CECF*Q*******
&B* "#+$%&1&&$*K5#71)5*"#$33&-,$3&$*4&+)*:;<*8"&0&+*@/4&9AT
-B* "#+0#1,2,&$* "#$33&-,$3&$U* 4&$* "#+0#1,2,&$* "#$)9&)&$*
CR*;,$)*CECF
JAKARTA, ID - Presiden rektur Utama PT Surveyor
<#'&'(,&$*4&$*<#(&1,1&$*?&3)*").&7*H1&'&*8!"#$%&'$()*+,)$
-,.#/$4&+)*:;<*8=<>?AT*4&$ Prabowo Subianto dinyatakan Indonesia, Sandry Pasambuna
VB* "#+0#1,2,&$*"+)$0)(*4&+)*?K=B
!N "#'-#+)1&.,&$* 7#(&4&* ?K=* 1#$1&$3* (#$#+-)1&$* "#+$%&1&&$* CD*; ,$)*CECF*Q*******
sebagai pemimpin dunia den- dan Regional Director South
K5#71)5* "#$33&-,$3&$* 4&+)* :;<* 8"&0&+* @/4&9A* 4&$* "#+0#1,2,&$*
"#$33&-,$3&$*4&+)*:;<*8=<>?AB
CR*;,$)*CECF
gan approval rating tertinggi di East Asia Dimitra Incorpo-
!W "#$3,','&$* (#+,-&.&$* &1&,* )$5/+'&0)* 1&'-&.&$* '#$3#$&)*
G&$V&$3&$*"#$33&-,$3&$*(&4&*8&A*0,+&1*7&-&+*$&0)/$&9*&1&,*0)1,0*
CR*;,$)*CECF antara pemimpin negara G20 rated, Ricky Tanudibrata.
X#-*?K=U*4&$*8-A*0)1,0*X#-*"#+,0&.&&$*"#0#+1&*"#$33&-,$3&$B
!Y GH"IJ?* '&0)$3Q'&0)$3* "#+,0&.&&$* "#0#+1&* "#$33&-,$3&$* DE*;,$)*CECF
lain per April 2025. Hal itu PT Sur veyor Indonesia
,$1,7* '#$%#1,2,)U* &$1&+&* 9&)$U* "#$33&-,$3&$* -#0#+1&* G&$V&$3&$*
"#$33&-,$3&$* 4&$* 7/$0#(* Z71&* "#$33&-,$3&$U* (#'-#9)&$*
terungkap pada unggahan The menggandeng Dimitra sebagai
7#'-&9)*&1&0*0&.&'*')9)7*(#'#3&$3*0&.&'*%&$3*1)4&7*'#$%#1,2,)*
"#$33&-,$3&$*4&$*'#')$1&*&3&+*0&.&'$%&*4)-#9)*/9#.*"#+,0&.&&$*
World in Maps melalui akun mitra global dalam membantu
"#0#+1&* "#$33&-,$3&$* 80#-&3&)'&$&* +#9#[&$AU* (#+,-&.&$*
Z$33&+&$* P&0&+* 87.,0,0* ,$1,7* ZP@MAU* (#'-#+.#$1)&$* 0#9,+,.*
resmi Instagram pada Jumat pelaku industri dan petani-
&$33/1&* P)+#70)U* P#X&$* </')0&+)0* 4&$* P#X&$* "#$3&X&0* I%&+)&.*
@M=>* 87.,0,0* ,$1,7* @M=>AU* 4&$* (#9&70&$&&$* (+/0#0* 9)7,)4&0)* (25/4/2025). petani komoditas kopi dan
0#4#+.&$&*@M=>*0#+1&*(#$,$2,7&$*L)'*J)7,)4&0)*@M=>B
CE "#$&$4&1&$3&$&$* Z71&* "#$33&-,$3&$* /9#.* "#+,0&.&&$* "#0#+1&* !*;,9)*CECF
“ P re s i d e n I n d o n e s i a , kakao untuk dapat memen-
"#$33&-,$3&$B
C! "#9&70&$&&$* (+/0#0* 9)7,)4&0)* 0#4#+.&$&* @M=>* /9#.* L)'* J)7,)4&0)* !*; ,9)*CECF**\********
Prabowo Subianto, menempati uhi poin poin keberlanjutan,
@M=>B DE*I#(1#'-#+*
CECF
posisi teratas dengan tingkat sehingga komoditas tersebut
CC "#$3,','&$*]*<#1#+-,7&&$*=$5/+'&0)S
&B* "#$3,','&$*G)$37&0&$*G)0&9&.*GH"IJ?*"#+,0&.&&$*"#0#+1&*
C*;,9)*CECF kepuasan hampir 81% setelah dapat diekspor dan diterima
"#$33&-,$3&$*7#(&4&*(,-9)7*4&$*?K=B
-B* "#$3,','&$* 4&$* 7#1#+-,7&&$* )$5/+'&0)* '#$3#$&)* (#'-#9)&$*
100 hari pertama masa jabat- oleh pasar global.
7#'-&9)*0&.&'*
VB* <#1#+-,7&&$* &1&0* =$5/+'&0)* &1&,* M&71&* @&1#+)&9* '#$3#$&)*
annya,” demikian pernyataan PT Surveyor Indonesia
(#$&$4&1&$3&$&$* Z71&* "#$33&-,$3&$* /9#.* "#+,0&.&&$*
"#0#+1&*"#$33&-,$3&$B
The World in Maps di akun akan membawa teknologi agri- Investor Daily/David Gita Roza
CD "#$%&'(&)&$*0&9)$&$*Z71&*"#$33&-,$3&$*%&$3*1#9&.*4)1&$4&1&$3&$)* C*;,9)*CECF Instagram @the.world.in.maps. kultur yang dimiliki oleh Dimi- Audiensi Wamenlu-B Universe
7#(&4&*?K=B
CO ?&1&0* X&71,* (#$%&'(&)&$* (#+$%&1&&$* -&3)* (#'#3&$3* 0&.&'* D*; ,9)*CECF*Q******** Masih dari unggahan The tra dalam upaya meningkatkan Executive Chairman B-Universe Enggartiasto Lukita (kanan) memberikan plakat kepada Wakil Menteri Luar
"#+,0&.&&$* "#0#+1&* "#$33&-,$3&$* %&$3* 1)4&7* '#$%#1,2,)* !F*;,9)*CECF
(#$33&-,$3&$* 4&$* )$3)$* '#$2,&9* 0&.&'$%&* 7#(&4&* @M=>* &1&,*
"#'-#9)*I)&3&*ZP@M*%&$3*4&(&1*4)1,$2,7*/9#.*ZP@M*80#-&3&)'&$&*
World in Maps, Jokowi ter- ketangguhan sistem berusaha Negeri Arif Havas Oegroseno, saat audiensi di kantor Wakil Menteri Luar Negeri, Jakarta, Selasa (29/4/2025).
+#9#[&$AB catat memiliki tingkat persetu- yang mendongkrak kemam-
CF "#$#+-)1&$* Z71&* >/1&+)0* 8)A* <#(,1,0&$* GH"IJ?* %&$3* '#$%#1,2,)* !O*;,9)*CECF
"#$33&-,$3&$U*4&$*8))A*"#+,-&.&$*Z$33&+&$*P&0&+*ZP@MB* juan sebesar 65,1% pada masa puan ekspor, memastikan dan
CR "#$%&'(&)&$* Z71&* "#$33&-,$3&$* 4&$* Z71&* <#(,1,0&$* GH"IJ?* !O*;,9)*CECF
100 hari pertamanya sebagai keberlanjutan bagi para pelaku
Pasal Pencemaran Nama Baik di UU
%&$3* '#$%#1,2,)* "#$33&-,$3&$* 7#(&4&* @#$.,'* 4&$* (#+/9#.&$*
<#(,1,0&$*@#$.,'*1#$1&$3*"#$33&-,$3&$B
CN "#$%&'(&)&$*7#(&4&*?K=S !F*; ,9)*CECF*\******* Presiden. industri komoditas kopi dan
!"# ?,71)*(#+/9#.&$*<#(,1,0&$*@#$.,'*&1&0*"#$33&-,$3&$T*4&$
$"# -DGZDO¿QDOSHQFDWDWDQVDKDP$'0)KDVLO3HQJJDEXQJDQ
!W*;,9)*CECF
Di sisi lain, sejumlah pem- kakao, serta konservasi lahan.
CW
CY
"#$%&'(&)&$* +#$V&$&* 7#+2&* 4&$* &$33&+&$* -)&%&* (#9&70&$&&$*
9)7,)4&0)*/9#.*L)'*J)7,)4&0)*@M=>*7#(&4&*:;<B
"#$%#0,&)&$*=^)$*H0&.&*"#$33&-,$3&$*(&4&*I)01#'*0&1"&,$2"&3,$
2456".."*&*,$1,7*'#$33&-,$37&$*4&1&*(#+)^)$&$*,0&.&*ZP@M*4&$*
!F*;,9)*CECF
!F*;,9)*CECF*Q******
D!*;,9)*CECF
impin negara Eropa mencatat-
kan hasil yang jauh di bawah
“Melalui kolaborasi ini,
kami optimistis untuk dapat ITE Dikecualikan untuk Pemerintah
@M=>*0#+1&*'#'(#+/9#.*>=?*"#$33&-,$3&$B Prabowo. Presiden Prancis meningkatkan kepercayaan
DE 3URVHVYHUL¿NDVLXQWXNSHUPLQWDDQSHPEHOLDQNHPEDOLVDKDP !R*;,9)*CECF*Q******
D!*;,9)*CECF Emmanuel Macron, Presiden pasar internasional terha- JAK A R TA , ID - Dalam pertimbangannya, pemerintahan,” ucap Hakim
D! "#$%&'(&)&$* 9&(/+&$* /9#.* ZP@M* 7#(&4&* :;<* 8=<>?A* &1&0* !W*;,9)*CECF
(#9&70&$&&$*GH"IJ?*-#0#+1&S Turki Recep Tayyip Erdogan, dap produk kopi dan kakao Mahkamah Konstitusi (MK) MK menilai ketidakjelasan Konstitusi Arief Hidayat
&B* Z71&*(#$33&-,$3&$T*
-B* Z71&*<#(,1,0&$*GH"IJ?*%&$3*'#$%#1,2,)*"#$33&-,$3&$T* dan Kanselir Jerman Olaf asal Indonesia, buah keringat memutuskan ketentuan batasan “orang lain” mem- membacakan pertimbangan
VB* >#+&V&*(#$,1,(&$*@M=>T*
4B* I,+&1*"#'-#-&0&$*"&2&7*8I,+&1*M)07&9A*@M=>B Scholz, masing-masing berada petani-petani lokal kita yang penghinaan atau pencema- buka celah penyalahgunaan, Mahkamah.
DC "#$%&'(&)&$*G)0&9&.*GH"IJ?*"#+,0&.&&$*"#0#+1&*"#$33&-,$3&$* CY*;,9)*CECF
7#(&4&*:;<*8"&0&+*@/4&9AB di posisi terbawah dengan produknya sangat berkualitas ran nama baik dalam Un- terutama dalam konteks Lebih lanjut Mahkamah
DD "#'-&%&+&$*"#'-#9)&$*<#'-&9)*I&.&'B CR*I#(1#'-#+*
CECF tingkat kepuasan publik di dan layak mendunia,” kata dang-Undang Informasi dan kritik terhadap institusi atau menegaskan bahwa Pasal
DO "#+4&3&$3&$*1#+&7.)+*0&.&'*@M=>*0#-#9,'*#5#71)5*"#$33&-,$3&$* CR*I#(1#'-#+*
4)*?K=B CECF
bawah 36%. Sandry Pasambuna. Transaksi Elektronik (UU kebijakan publik. 27A dan kaitannya dengan
DF "#$%&'(&)&$* Z71&* "#+,-&.&$* Z$33&+&$* P&0&+* ZP@M* 7#(&4&* CY*I#(1#'-#+*
@#$.,'B* CECF
Wakil Menteri Pertanian “Kepercayaan tersebut ITE) tidak berlaku terhadap Mahkamah juga mene- Pasal 45 ayat (5) UU ITE
DR "#+4&3&$3&$*1#+&7.)+*0&.&'*ZP@M*0#-#9,'*#5#71)5*"#$33&-,$3&$* DE*I#(1#'-#+*
4)*?K=B CECF
Sudar yono menyebutkan tentu akan meningkatkan lembaga pemerintah, in- kankan kritik konstruktif, merupakan tindak pidana
DN 7,8*)'"&3$9%#,*(#'#3&$3*0&.&'*@M=>*%&$3*-#+.&7*'#'(#+/9#.* DE*I#(1#'-#+* berbagai terobosan Presiden daya serap produk kopi dan stitusi, profesi, korporasi, khususnya terhadap pemer- dengan delik aduan. Hal ini
0&.&'*ZP@M*.&0)9*"#$33&-,$3&$B CECF
DW "#+/9#.&$* "#+0#1,2,&$* @#$.,'* &1&0* (#+,-&.&$* Z$33&+&$* P&0&+* DE*I#(1#'-#+* Prabowo Subianto dalam kakao Indonesia, sehingga jabatan, maupun kelompok intah, merupakan bagian berarti tindakan tersebut da-
ZP@MB* CECF*\*!*:71/-#+*
CECF memperbaiki kesejahteraan dampaknya, petani lokal akan dengan identitas tertentu. penting dari demokrasi yang pat dituntut atas pengaduan
DY "#$%&'(&)&$*7#(&4&*?K=*-,71)*(#+/9#.&$*(#+0#1,2,&$*@#$7,'*&1&0* DE*I#(1#'-#+*
(#+,-&.&$*Z$33&+&$*P&0&+*ZP@MB CECF*\*!*:71/-#+* masyarakat menghasilkan semakin sejahtera, keberlanju- Putusan tersebut dibaca- harus dilindungi. korban atau orang yang terk-
OE
CECF
"#$V&-,1&$*)^)$*,0&.&*4&$*)^)$*,0&.&*,$)1*,0&.&*0%&+)&.*@M=>*/9#.* DE*I#(1#'-#+*
tingkat persetujuan publik (ap- tan lingkungan dan komoditas kan oleh Ketua MK Suhar- Pasal 27A UU ITE meru- ena tindak pidana atau yang
:;<*=<>?B CECF*\*!*:71/-#+*
CECF
proval rating) atau dukungan akan terjaga, serta Indonesia toyo dalam sidang di Jakarta, pakan bentuk pengawasan, dicemarkan nama baiknya.
O! "#$%#9#0&)&$*(+/0#0*9)7,)4&0)*0#4#+.&$&*/9#.*L)'*J)7,)4&0)*@M=>B !*:71/-#+*CECF terhadapnya menempati posisi akan semakin kokoh sebagai Selasa (29/4/2025), melalui koreksi, dan saran terhadap Oleh karena itu, dikecua-
OC +),--)./012%&'1/32,--)45,-),/6*)7)# !*:71/-#+*CECF
OD "#$#+-)1&$* 0&.&'* 1&'-&.&$* ZP@M* 7#(&4&* (#'#3&$3* 0&.&'* !*:71/-#+*CECF tertinggi di antara seluruh negara pemasok komoditas Putusan Nomor 105/PUU- hal-hal yang berkaitan den- likan dari ketentuan Pasal
@M=>B
OO L&$33&9* #5#71)5* (#$V&1&1&$* 4&$* (#+4&3&$3&$* 0&.&'* 1&'-&.&$* !*:71/-#+*CECF
pemimpin dunia. pertanian yang tidak hanya XXII/2024. MK menyatakan gan kepentingan masyarakat. 27A UU ITE apabila yang
OF
ZP@M*.&0)9*"#$33&-,$3&$*4)*?K=B
L&$33&9*#5#71)5*(#$3.&(,0&$*(#$V&1&1&$*89,1".#"&3A*0&.&'*@M=>*4)* !*:71/-#+*CECF
Ia melanjutkan, salah satu terjamin kualitasnya, namun bahwa frasa “orang lain” yang Artinya, terhadap kritik yang menjadi korban pencemaran
OR
?K=B
"#$%&'(&)&$* 9&(/+&$* (&0V&* (#9&70&$&&$* "#$33&-,$3&$* 7#(&4&* R*:71/-#+*CECF
kebijakannya adalah harga juga terjaga aspek keberlanju- tercantum dalam Pasal 27A konstruktif, dalam hal ini nama baik bukan individu
:;<*8"&0&+*@/4&9AB pembelian pemerintah (HPP) tannya.” pungkasnya. dan Pasal 45 ayat (4) UU ITE terhadap kebijakan pemer- atau perseorangan, melain-
ON @#9&(/+7&$* "#+,-&.&$* <#(#')9)7&$* I&.&'* 7#(&4&* :;<* 8"&0&+* R*:71/-#+*CECF
@/4&9A*-&3)*"#'#3&$3*I&.&'*H1&'&*8(#'#3&$3*0&.&'*_*F`*4&$* gabah tingkat petani dinaik- Layanan digital Connected tidak memiliki kekuatan hu- intah untuk kepentingan kan lembaga pemerintah,
(#$3#$4&9)A*ZP@M*4&$*@M=>B
OW "#$%&'(&)&$* J&(/+&$* 7#(&4&* :;<* 8=<>?A* 1#+7&)1* (#9&70&$&&$* R*:71/-#+*CECF kan menjadi Rp6.500 per ki- Farmer dari Dimitra kini ter- kum mengikat apabila tidak masyarakat, merupakan hal sekelompok orang dengan
"#$33&-,$3&$U*4&$*(#+,-&.&$*Z$33&+&$*P&0&+*ZP@MB
OY "#$%&'(&)&$*>#+&V&*Z7.)+*J)7,)4&0)*%&$3*1#9&.*4)&,4)1*/9#.*&7,$1&$* !F*:71/-#+*CECF logram. sedia untuk para petani di dimaknai sebagai individu yang penting sebagai sarana identitas yang spesifik atau
(,-9)7*4&$*9&(/+&$*(#+1&$33,$32&X&-&$*L)'*J)7,)4&0)*@M=>*7#(&4&*
:;<B seluruh dunia. atau perseorangan. penyeimbang atau kontrol tertentu, institusi, korporasi,
FE "#$3,','&$*-#+&7.)+$%&*J)7,)4&0)*4&$*(#'-#+)1&.,&$*7#(&4&*
@#$.,'*'#$3#$&)*.&(,0$%&*01&1,0*-&4&$*.,7,'*@M=>*4&$*&3&+*
CR*>/[#'-#+*
CECF*
Pendampingan ke Petani Platform ini mengintegrasi- Pasal 27A UU ITE sebe- publik yang justru harus di- profesi atau jabatan.
F!
$&'&*@M=>*4)V/+#1*4&+)*4&51&+*(#+,0&.&&$B
L&$33&9*K5#71)5*"#$33&-,$3&$*H0&.&*0#V&+&*:(#+&0)/$&9B !*:71/-#+*CECR
PT Sur veyor Indonesia kan serangkaian teknologi lumnya mengatur larangan jamin dalam negara hukum Putusan ini muncul sebagai
* ;&4X&9*4)*&1&0*.&$%&*'#+,(&7&$*(#+7)+&&$B*;&4X&9*4&(&1*-#+,-&.*7&+#$&*7#&4&&$*1#+1#$1,* (PTSI) menandatangani nota canggih, termasuk kecerdasan terhadap tindakan yang me- yang demokratis. respons atas uji materi menge-
4)*9,&+*7#$4&9)*ZP@M*4&$6&1&,*@M=>*%&$3*1#+2&4)*0#1#9&.*1&$33&9*G&$V&$3&$*"#$33&-,$3&$*
)$)B kesepahaman dengan Dimitra buatan (AI), blockchain, satelit, nyerang kehormatan atau “ Terbeleng gunya hak nai UU ITE yang diajukan oleh
8#/9!:;<=$>9/+$=?$@$! Incorporated (Dimitra) terkait drone, serta sensor IoT, yang nama baik pihak lain melalui atas kebebasan berpenda- Daniel Frits Maurits Tang-
?&3)* (#'#3&$3* 0&.&'* %&$3* '#'#+9,7&$* )$5/+'&0)* 9#-).* 9&$2,1* '#$3#$&)* +#$V&$&*
"#$33&-,$3&$*)$)*4)(#+0)9&.7&$*,$1,7*'#$3.,-,$3)S
komitmen bersama dalam semuanya memberikan data media elektronik. Sementara pat dan berekspresi, justru kilisan, aktivis lingkungan yang
3+/$A9<$/A9!$=9B$/=6C+9/:9!$!D0/+?B 3+/=$!A$C$/=6C+9:9!$!D0/+?B
pendampingan dan dukungan yang dapat langsung diimple- itu, Pasal 45 ayat (4) mene- akan mengikis fungsi kon- sebelumnya sempat divonis
@)99#$$),'*a#$1#$$)&9*a#$1#+*J&$1&)*FDU*FRQR!
;9B*;#$4#+&9*I,4)+'&$*<&[B*CF*
@&$4&9&*M)$&$V#*?,)94)$3
;9B*@#$1#$3*G&%&*>/B*CO*ZQ?*
terhadap petani komoditas mentasikan oleh petani untuk tapkan sanksi pidana berupa trol atau pengawasan yang karena mengkritik kondisi
;&7&+1&*I#9&1&$*!CYCE
=$4/$#0)&
;&7&+1&*",0&1*!EDOE*
=$4/$#0)&
kopi dan kakao terkait ke- meningkatkan operasi mereka penjara maksimal dua tahun merupakan keniscayaan agar lingkungan di Karimunjawa
L#9#(/$*8bRC*C!A*DYNDQDDCC
M&70)')9)S*8bRC*C!A*CYYC*WCEE*6*WDEE
L#9#(/$S*8bRC*C!A*CYCF*YYFF
M&70)')9)S*8bRC*C!A*CYCF*YYFE
berlanjutan komoditas dan secara tertelusur dengan baik, dan/atau denda hingga Rp tidak terjadi penyalahgunaan melalui video, sebelum akhirn-
Z9&'&1*0)1,0S*.11(0S66XXXB&4)+&BV/B)46*
Z9&'&1*0,+&1*#9#71+/$)7S*
$ODPDWVLWXV KWWSV PDQGDOD¿QDQFHFRP
Z9&'&1*0,+&1*#9#71+/$)7S
ekspor. Hadir dalam kegiatan baik dari sisi keuangan maupun 400 juta bagi pelanggar pasal kekuasaan, abuse of pow- ya dibebaskan oleh Pengadilan
&5BV/+0#Vc&4)+&BV/B)4 FRUVHF#PDQGDOD¿QDQFHFRP
penandatanganan adalah Di- keberlanjutan.(is/ant) tersebut. er, dalam penyelenggaraan Tinggi.(b1/ant)
Names mentioned 7 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Surveyor
p.3
unresolved
org
PT Sur
p.3 ×2
unresolved
org
PT Surveyor Indonesia
p.3
unresolved
org
Menteri
p.3
unresolved
org
Menteri Luar Negeri
p.3
unresolved
org
Menteri Pertanian
p.3
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.