Source file signed link, expires in 15 minutes
Extracted text 322
Page 1
PT INDOFOOD SUKSES MAKMUR Tbk
CONTINUING GROWTH
IN THE MIDST OF CHALLENGES
2023 Annual Report Laporan Tahunan
Page 2
CONTINUING GROWTH IN THE MIDST OF CHALLENGES
Page 3
In a world defined by change, Indofood’s progressive vision steers a steady course. Our agility in innovation and adaptation, akin to the precision of a skilled hurdler, underpins our continuing growth in the midst of challenges. With each stride, we are able to advance with clarity and optimism, embracing the future with confidence. Our journey is marked by momentum and purpose, as our expertise in turning obstacles into opportunities keeps us consistently ahead of the curve. Dalam dunia yang penuh dengan perubahan, visi Indofood membawa kami untuk terus bergerak maju. Ketangkasan kami dalam berinovasi dan beradaptasi, serupa dengan ketepatan seorang pelari gawang yang terampil, mendukung kami dalam keberlanjutan pertumbuhan di tengah berbagai tantangan. Dalam setiap kemajuan, kami mampu melangkah secara terarah dan optimis, untuk menghadapi masa depan dengan percaya diri. Perjalanan kami senantiasa dipenuhi oleh semangat dan tujuan, seiring dengan keunggulan kami dalam mengubah berbagai hambatan menjadi peluang untuk selalu terdepan.
Page 4
PT INDOFOOD SUKSES MAKMUR Tbk
CONTENTS
DAFTAR ISI
Vision, Mission & Values 3 Operational Review 38
Visi, Misi & Nilai-Nilai Ulasan Kinerja Operasional
Financial Highlights 4 Consumer Branded Products 38
Ikhtisar Keuangan Produk Konsumen Bermerek
Performance Graphs 5 Bogasari 54
Grafik Kinerja Keuangan Bogasari
Indofood at a Glance 6 Agribusiness 62
Sekilas Indofood Agribisnis
Shareholding Structure 8 Distribution 70
Struktur Pemegang Saham Distribusi
Management Structure 9 Corporate Governance 74
Struktur Manajemen Tata Kelola Perusahaan
Business Structure 10 Audit Committee Report 102
Struktur Bisnis Laporan Komite Audit
Our Brands 11 Corporate Human Resources 108
Merek-Merek Kami Sumber Daya Manusia
Diversified Portfolio 12 Corporate Social & Environmental 114
Aneka Ragam Portofolio Responsibility
Tanggung Jawab Sosial & Lingkungan
Brief History of the Company 14
Perusahaan
Riwayat Singkat Perseroan
Board of Commissioners 118
Shares Listing and Bond Issuance 16
Dewan Komisaris
Pencatatan Saham dan Penerbitan Obligasi
Board of Directors 128
Share Price Information 18
Direksi
Informasi Harga Saham
Capital Market Supporting 141
Message from the President Commissioner 20 Institutions/Professionals
Sambutan Komisaris Utama Lembaga/Profesi Penunjang Pasar Modal
Report of the President Director 24 Subsidiaries, Associate Companies & 142
Laporan Direktur Utama Joint Ventures
Management’s Analysis & Discussion 30 Entitas Anak, Entitas Asosiasi &
Analisa & Pembahasan oleh Manajemen Ventura Bersama
Production Facilities 144
Fasilitas Produksi
Acknowledgement 146
Pernyataan
Independent Auditor’s Report 147
Laporan Auditor Independen
2 LAPORAN TAHUNAN 2023
Page 5
Vision
Visi
A Total Food Solutions Company
Perusahaan Total Food Solutions
Mission
Misi
• To provide sustainable solutions for food needs
Memberikan solusi atas kebutuhan pangan secara berkelanjutan
• To continuously improve our people, processes and technologies
Senantiasa meningkatkan kompetensi karyawan, proses produksi dan teknologi kami
• To contribute to the welfare of the society and environment in a sustainable manner
Memberikan kontribusi bagi kesejahteraan masyarakat dan lingkungan secara berkelanjutan
• To continuously improve stakeholders’ values
Meningkatkan stakeholders’ values secara berkesinambungan
Values
Nilai-Nilai
“With discipline as the basis of our way of life; We conduct our business with
integrity; We treat our stakeholders with respect; and together we unite to
strive for excellence and continuous innovation.”
“Dengan disiplin sebagai falsafah hidup; Kami menjalankan usaha kami
dengan menjunjung tinggi integritas; Kami menghargai seluruh pemangku
kepentingan dan secara bersama-sama membangun kesatuan untuk
mencapai keunggulan dan inovasi yang berkelanjutan.”
2023 ANNUAL REPORT 3
Page 6
PT INDOFOOD SUKSES MAKMUR Tbk
FINANCIAL HIGHLIGHTS
IKHTISAR KEUANGAN
In billions of Rupiah Dalam miliar Rupiah
unless otherwise stated 2023 2022 20215 20205 2019 kecuali dinyatakan lain
Net Sales 111.703,6 110.830,3 99.345,6 81.731,5 76.593,0 Penjualan Neto
Gross Profit 36.050,5 33.971,7 32.474,1 26.752,0 22.716,4 Laba Bruto
Income from Operations (EBIT) 19.663,6 19.693,1 16.914,8 12.889,1 9.831,0 Laba Usaha (EBIT)
EBITDA 23.572,3 23.604,4 20.785,7 16.543,8 13.057,3 EBITDA
Income for the Year 11.493,7 9.192,6 11.229,7 8.752,1 5.902,7 Laba Tahun Berjalan
Attributable to: Yang Dapat Diatribusikan Kepada:
• Equity Holders of the Parent Entity 8.147,0 6.359,1 7.662,3 6.455,6 4.908,2 Pemilik Entitas Induk •
• Non-Controlling Interests 3.346,7 2.833,5 3.567,4 2.296,4 994,6 Kepentingan Nonpengendali •
Comprehensive Income for the Year 10.807,2 10.853,1 11.965,9 9.241,1 6.588,7 Laba Komprehensif Tahun Berjalan
Attributable to: Yang Dapat Diatribusikan Kepada:
• Equity Holders of the Parent Entity 7.527,4 7.710,5 8.416,8 6.966,1 5.485,2 Pemilik Entitas Induk •
• Non-Controlling Interests 3.279,8 3.142,6 3.549,2 2.275,0 1.103,5 Kepentingan Nonpengendali •
Shares Outstanding (million) 8.780,4 8.780,4 8.780,4 8.780,4 8.780,4 Jumlah Saham yang Ditempatkan dan
Disetor Penuh (juta)
Basic Earnings Per Share 928 724 873 735 559 Laba Per Saham Dasar yang Dapat
Attributable to Equity Holders Diatribusikan Kepada Pemilik
of the Parent Entity (Rp) 1 Entitas Induk (Rp) 1
Current Assets 63.101,8 54.876,7 54.183,4 38.418,2 31.403,4 Aset Lancar
Current Liabilities 32.914,5 30.725,9 40.403,4 27.975,9 24.686,9 Liabilitas Jangka Pendek
Net Working Capital 30.187,3 24.150,7 13.780,0 10.442,4 6.716,6 Modal Kerja Bersih
Total Assets 186.588,0 180.433,3 179.271,8 163.011,8 96.198,6 Total Aset
Capital Expenditures 2 3.687,8 3.741,7 4.594,6 4.398,3 4.463,8 Pengeluaran Barang Modal 2
Total Equity 3 100.464,9 93.623,0 86.986,5 79.654,0 54.202,5 Total Ekuitas 3
Non-Controlling Interests 41.271,9 39.779,2 38.450,8 36.878,2 16.424,5 Kepentingan Nonpengendali
Total Liabilities 86.123,1 86.810,3 92.285,3 83.357,8 41.996,1 Total Liabilitas
Funded Debt 64.458,6 66.064,0 61.780,3 53.286,3 22.977,2 Pinjaman yang Dikenakan Bunga
Gross Profit Margin 32,3% 30,7% 32,7% 32,7% 29,7% Marjin Laba Bruto
EBIT Margin 17,6% 17,8% 17,0% 15,8% 12,8% Marjin Laba Usaha (EBIT)
EBITDA Margin 21,1% 21,3% 20,9% 20,2% 17,0% Marjin EBITDA
Net Income Margin Attributable to 7,3% 5,7% 7,7% 7,9% 6,4% Marjin Laba Neto yang Dapat
Equity Holders of The Parent Entity Diatribusikan Kepada Pemilik
Entitas Induk
Return on Assets (%) - Net Income 4 6,3 5,1 6,6 6,8 6,1 Imbal Hasil atas Aset (%) - Laba Neto 4
Return on Assets (%) - EBIT 4
10,7 10,9 9,9 9,9 10,2 Imbal Hasil atas Aset (%) - Laba Usaha4
Return on Equity (%)4 11,8 10,2 13,5 13,1 11,3 Imbal Hasil atas Ekuitas (%) 4
Current Ratio (x) 1,92 1,79 1,34 1,37 1,27 Rasio Lancar (x)
Liabilities to Assets Ratio (x) 0,46 0,48 0,51 0,51 0,44 Rasio Liabilitas Terhadap Aset (x)
Liabilities to Equity Ratio (x) 3 0,86 0,93 1,06 1,05 0,77 Rasio Liabilitas Terhadap Ekuitas (x) 3
Gearing Ratio - Gross (x) 3
0,64 0,71 0,71 0,67 0,42 Gearing Ratio - Gross (x) 3
Gearing Ratio - Net (x)3 0,36 0,43 0,37 0,45 0,17 Gearing Ratio - Net (x) 3
1 Calculated based on weighted average number of shares 1 Dihitung berdasarkan jumlah rata-rata tertimbang saham
2 Including advance for purchases of assets 2 Termasuk uang muka untuk pembelian aset
3 Taking into account Non-Controlling Interests 3 Dengan memperhitungan Kepentingan Nonpengendali
4 Return represents total return including Non-Controlling Interests 4 Imbal hasil menampilkan total imbal hasil termasuk Kepentingan Nonpengendali
5 Restatement due to updated interpretation of PSAK 24 on attributing benefit 5 Disajikan kembali sehubungan dengan pembaruan interpretasi dari PSAK 24
to periods of service mengenai persyaratan pengatribusian imbalan pada periode jasa
The figures are stated in Indonesian language. Angka disajikan dalam Bahasa Indonesia.
4 LAPORAN TAHUNAN 2023
Page 7
PERFORMANCE GRAPHS
GRAFIK KINERJA KEUANGAN
(In trillions of Rupiah) | (Dalam triliun Rupiah)
The figures are stated in Indonesian language.
Angka disajikan dalam Bahasa Indonesia.
Net Sales Income from Operations/EBIT
Penjualan Neto Laba Usaha/EBIT
110,83 111,70 19,69 19,66
99,35
16,91
81,73
76,59
12,89
9,83
2019 2020 2021 2022 2023 2019 2020 20215 2022 2023
Income for the Year Attributable to Equity Holders of the Parent Entity
Laba Tahun Berjalan yang Dapat Diatribusikan Kepada Pemilik Entitas Induk
8,15
7,66
6,46 6,36
4,91
2019 2020 20215 2022 2023
Total Assets Total Equity 3
Total Aset Total Ekuitas 3
100,46
186,59 93,62
179,27 180,43
86,99
163,01 79,65
54,20
96,20
2019 20205 20215 2022 2023 2019 20205 20215 2022 2023
2023 ANNUAL REPORT 5
Page 8
PT INDOFOOD SUKSES MAKMUR Tbk
INDOFOOD AT A GLANCE
SEKILAS INDOFOOD
“Indofood is a Total Food Solutions company with
operations in all stages of food manufacturing.”
“Indofood merupakan sebuah perusahaan Total Food Solutions
dengan kegiatan operasional yang mencakup seluruh tahapan
proses produksi makanan.”
6 LAPORAN TAHUNAN 2023
Page 9
Indofood is a Total Food Solutions company with Indofood merupakan sebuah perusahaan Total
operations in all stages of food manufacturing, Food Solutions dengan kegiatan operasional
from the production of raw materials and their yang mencakup seluruh tahapan proses produksi
processing, to consumer products in the market. makanan, mulai dari produksi dan pengolahan bahan
It is renowned as a well-established company and a baku hingga menjadi produk akhir yang tersedia di
leading player in many business categories in which pasar. Indofood dikenal sebagai perusahaan yang
it operates. In its business operations, Indofood mapan dan terkemuka di berbagai kategori bisnisnya.
capitalizes on economies of scale and a resilient Dalam menjalankan kegiatan operasionalnya,
business model with four complementary Strategic Indofood memperoleh manfaat dari skala ekonomis
Business Groups, namely: serta ketangguhan model bisnisnya yang terdiri
dari empat Kelompok Usaha Strategis yang saling
• Consumer Branded Products (CBP) melengkapi sebagai berikut:
Supported by the strength of its product brands,
CBP Group produces a diverse range of consumer • Produk Konsumen Bermerek (CBP)
branded products including noodles, dairy, snack Dengan didukung oleh kekuatan merek-merek
foods, food seasonings, nutrition and special produknya, Grup CBP memproduksi beragam
foods, and beverages. produk konsumen bermerek antara lain mi instan,
dairy, makanan ringan, penyedap makanan, nutrisi
• Bogasari
dan makanan khusus, dan minuman.
Bogasari Group is primarily a producer of
wheat flour as well as pasta, with business • Bogasari
operations supported by its own shipping and Grup Bogasari memiliki kegiatan usaha utama
packaging units. memproduksi tepung terigu dan pasta, didukung
oleh unit usaha perkapalan dan kemasan.
• Agribusiness
Agribusiness Group’s principal activities range • Agribisnis
from research and development, seed breeding, Kegiatan usaha utama Grup Agribisnis meliputi
oil palm cultivation and milling, to the production penelitian dan pengembangan, pemuliaan
and marketing of branded cooking oils, margarine benih bibit, pembudidayaan dan pengolahan
and shortening. The Group also cultivates and kelapa sawit hingga produksi dan pemasaran
processes sugar cane, rubber and other crops. produk minyak goreng, margarin dan shortening.
Di samping itu, kegiatan usaha Grup ini juga
• Distribution
mencakup pembudidayaan dan pengolahan tebu
With the most extensive distribution network dan karet serta tanaman lainnya.
in Indonesia, Distribution Group distributes the
majority of the consumer products manufactured • Distribusi
by Indofood and its subsidiaries, as well as by third Dengan jaringan distribusi yang paling luas di
parties, to the market. Indonesia, Grup Distribusi mendistribusikan
sebagian besar produk konsumen Indofood dan
anak-anak perusahaannya, serta berbagai produk
pihak ketiga.
2023 ANNUAL REPORT 7
Page 10
PT INDOFOOD SUKSES MAKMUR Tbk
SHAREHOLDING STRUCTURE
STRUKTUR PEMEGANG SAHAM
50,07% 49,93%
2
First Pacific Company Limited1 Public | Publik
Beginning of 2023 | Awal Tahun 2023 End of 2023 | Akhir Tahun 2023
Total Shares Issued Percentage of Total Shares Issued Percentage of
and Fully Paid Share Ownership and Fully Paid Share Ownership
Name of shareholder Nama Pemegang Saham
Jumlah Saham Persentase Jumlah Saham Persentase
Ditempatkan dan Kepemilikan Ditempatkan dan Kepemilikan
Disetor Penuh Saham Disetor Penuh Saham
First Pacific Investment First Pacific Investment
4.396.103.450 50,07% 4.396.103.450 50,07%
Management Limited Management Limited
Commissioners
Komisaris & Direksi3
& Directors3
• Anthoni Salim Anthoni Salim •
1.329.770 0,02% 1.329.770 0,02%
(President Director) (Direktur Utama)
• Franciscus Welirang Franciscus Welirang •
250 0,00% 250 0,00%
(Director) (Direktur)
• Taufik Wiraatmadja Taufik Wiraatmadja •
50.000 0,00% 50.000 0,00%
(Director) (Direktur)
Publik (dengan
Public (with ownership
4.382.943.030 49,91% 4.382.943.030 49,91% kepemilikan saham
interest below 5%)4
di bawah 5%)4
Total 8.780.426.500 100% 8.780.426.500 100% Jumlah
31 December 2023 | 31 Desember 2023
Type of Shareholder Number of Shareholder Percentage of Share Ownership Tipe Pemegang Saham
Jumlah Pemegang Saham Persentase Kepemilikan Saham
Foreign Institution 988 80,86% Badan Usaha Asing
Local Institutions 763 13,68% Badan Usaha Dalam Negeri
Foreign Individuals 167 0,08% Perorangan Asing
Local Individuals 50.804 5,38% Perorangan Dalam Negeri
Total 52.722 100% Jumlah
1 First Pacific Company Limited is a public listed company on the Hong Kong 1 First Pacific Company Limited merupakan suatu perusahaan yang tercatat
Stock Exchange. Mr. Anthoni Salim holds interests in and controls indirectly di Bursa Efek Hong Kong. Bapak Anthoni Salim memiliki kepentingan dan
First Pacific Company Limited. memegang kendali secara tidak langsung di First Pacific Company Limited.
2 Through First Pacific Investment Management Limited, an indirect subsidiary 2 Melalui First Pacific Investment Management Limited, entitas anak tidak
of First Pacific Company Limited. langsung dari First Pacific Company Limited.
3 Other than share ownership of the Company by certain members of the BOD 3 Selain kepemilikan saham Perseroan oleh anggota Direksi sebagaimana
as mentioned before, none of the other members of the BOD and BOC have disebutkan di atas, tidak terdapat kepemilikan saham Perseroan baik langsung
share ownership of the Company either directly nor indirectly. maupun tidak langsung oleh anggota Dewan Komisaris dan Direksi lainnya.
4 Does not include share ownership of the BOC and BOD of the Company. 4 Tidak termasuk kepemilikan saham oleh Dewan Komisaris dan
Direksi Perseroan.
The figures are stated in Indonesian language.
Angka disajikan dalam Bahasa Indonesia.
8 LAPORAN TAHUNAN 2023
Page 11
MANAGEMENT STRUCTURE
STRUKTUR MANAJEMEN
Board of Commissioners Audit Committee
President Commissioner Manuel V. Pangilinan Chairman Hans Kartikahadi
(Independent Commissioner)
Commissioner Benny S. Santoso
Commissioner Timotius
Commissioner Christopher H. Young (External Independent
Commissioner Joseph H. P. Ng Professional)
Amelia Setiawan
Commissioner John W. Ryan
(External Independent
Independent Commissioner Hans Kartikahadi Professional)
Independent Commissioner Bambang Permadi Soemantri
Brodjonegoro Nomination and
Independent Commissioner Sulaiman Arif Arianto Remuneration Committee
Chairman Hans Kartikahadi
(Independent Commissioner)
Board of Directors
Members Benny S. Santoso
(Commissioner)
President Director Anthoni Salim Melia Setiawati
(GM of Compensation, Benefit &
Director Franciscus Welirang
HR Administration)
Director Axton Salim
Director Tjhie Tje Fie (Thomas Tjhie)
Director Taufik Wiraatmadja Corporate Functions
Director Alamsyah
Director Moleonoto (Paulus Moleonoto) Corporate Treasury Rusmin Kasim
Director Joedianto Soejonopoetro Corporate Controller Hendra Widjaja
Director Hendra Widjaja Corporate Legal Ayda Wijaya
Director Tan Suzi Indriani Corporate Internal Audit Adrian Jogi
Director Tan Elly (Elly Betty) Corporate Information Joedianto Soejonopoetro
Technology In She
Peter Layar
Operations Corporate Secretary Tjhie Tje Fie (Thomas Tjhie)
Investor Relations Mark J. Wakeford
CONSUMER BRANDED PRODUCTS Corporate Procurement Alexander A. Aditio
Noodles Corporate Human Franciscus Welirang
Resources
Domestic Taufik Wiraatmadja
Corporate Communication Stefanus Indrayana
International Darmawan Sarsito (Kevin Sietho)
Enterprise Risk Management Adrian Jogi
Tan Elly (Elly Betty)
Dairy Axton Salim
Steven Tan
Corporate Secretary
Snack Foods Suaimi Suriady
Food Seasonings Sulianto Pratama
Taufik Wiraatmadja Victor Suhendra
Nutrition & Special Foods Robert Arifin
Beverages Joedianto Soejonopoetro
Packaging T. Eddy Hariyanto
BOGASARI Franciscus Welirang
AGRIBUSINESS
Plantations Mark J. Wakeford
Moleonoto (Paulus Moleonoto)
Edible Oils & Fats Suaimi Suriady
DISTRIBUTION Joedianto Soejonopoetro
2023 ANNUAL REPORT 9
Page 12
PT INDOFOOD SUKSES MAKMUR Tbk
BUSINESS STRUCTURE
STRUKTUR BISNIS
The business activities of the Company in Kegiatan usaha Perseroan menurut Anggaran Dasar
accordance with the Articles of Association are bergerak di bidang Industri, Perdagangan, Pertanian,
engaged in Industry, Trading, Agriculture, Farming, Peternakan, Pengelolaan Air, Penelitian, Pendidikan
Water Management, Research, Training and dan Pelatihan, Konstruksi, Real Estat, Pergudangan
Education, Construction, Real Estate, Warehousing, dan Penyimpanan, Penyediaan Akomodasi Makanan
Food and Beverage Accommodation, Service, and dan Minuman, Jasa, serta Investasi Penyertaan/
Investment Holding. Business activities conducted Holding. Kegiatan usaha yang dijalankan oleh
by the Company include, among others, the flour Perseroan meliputi antara lain, industri penggilingan
milling industry, which itself is integrated with the gandum menjadi tepung terigu yang terintegrasi
Company’s subsidiary engaged in the field of dengan kegiatan usaha anak perusahaan di bidang
consumer branded products; the agribusiness industri konsumen bermerek, industri agribisnis yang
industry, which consists of oil palm plantations terdiri dari perkebunan dan pengolahan kelapa sawit
and related processing mills, and other types of dan tanaman lainnya, serta distribusi.
plantations and processing operations; as well
as distribution.
CONSUMER BRANDED PRODUCTS GROUP
GRUP PRODUK KONSUMEN BERMEREK
Noodles Division
Divisi Mi Instan
BOGASARI GROUP
Dairy Division GRUP BOGASARI
Divisi Dairy
Snack Foods Division
Divisi Makanan Ringan AGRIBUSINESS GROUP
GRUP AGRIBISNIS
Food Seasonings Division
Divisi Penyedap Makanan Plantations Division
Nutrition & Special Foods Divisi Perkebunan
Division
Edible Oils & Fats Division
Divisi Nutrisi &
Divisi Minyak & Lemak Nabati
Makanan Khusus
Beverages Division
Divisi Minuman
DISTRIBUTION GROUP
GRUP DISTRIBUSI
10 LAPORAN TAHUNAN 2023
Page 13
OUR BRANDS
MEREK-MEREK KAMI
2023 ANNUAL REPORT 11
Page 14
PT INDOFOOD SUKSES MAKMUR Tbk
DIVERSIFIED PORTFOLIO
ANEKA RAGAM PORTOFOLIO
CONSUMER BRANDED PRODUCTS
PRODUK KONSUMEN BERMEREK
12 LAPORAN TAHUNAN 2023
Page 15
BOGASARI AGRIBUSINESS
BOGASARI AGRIBISNIS
2023 ANNUAL REPORT 13
Page 16
PT INDOFOOD SUKSES MAKMUR Tbk
BRIEF HISTORY OF THE COMPANY
RIWAYAT SINGKAT PERSEROAN
PT Indofood Sukses Makmur Tbk (“Indofood” or the “Company”), which was incorporated as PT Panganjaya
Intikusuma in 1990, has various businesses that have been operational since the early 1980s.
1990 1994
• Incorporated as PT Panganjaya Intikusuma. • Renamed to PT Indofood Sukses Makmur.
Didirikan dengan nama PT Panganjaya Intikusuma. Mengganti nama menjadi
• Entered the snack foods business. PT Indofood Sukses Makmur.
Memulai kegiatan usaha di bidang • Listed on the Indonesia Stock Exchange (IDX).
makanan ringan. Mencatatkan saham di
Bursa Efek Indonesia (BEI).
2013 2011 2010
• The CBP Group entered • Listed PT Salim Ivomas • Listed the CBP Group,
the beverage business. Pratama Tbk (SIMP), PT Indofood CBP
Grup CBP memasuki a subsidiary of the Sukses Makmur Tbk
kegiatan usaha minuman. Agribusiness Group, on (ICBP), on the IDX.
the IDX. Mencatatkan
Mencatatkan saham saham Grup CBP,
PT Salim Ivomas Pratama PT Indofood CBP
Tbk (SIMP), anak Sukses Makmur Tbk
perusahaan pada Grup (ICBP), di BEI.
Agribisnis, di BEI.
2014 2018
• The CBP Group expanded its beverage business • The CBP Group acquired full
by entering the packaged water business, with ownership of the beverage and
the acquisition of the Club brand. culinary products subsidiaries.
Grup CBP mengembangkan kegiatan usaha Grup CBP mengakuisisi seluruh
minumannya dengan memasuki bidang usaha air kepemilikan saham pada anak
minum dalam kemasan (AMDK) melalui akuisisi perusahaan di bidang minuman dan
merek Club. produk kuliner.
14 LAPORAN TAHUNAN 2023
Page 17
PT Indofood Sukses Makmur Tbk (“Indofood” atau “Perseroan”), yang didirikan dengan nama PT Panganjaya
Intikusuma di tahun 1990, memiliki berbagai kegiatan usaha yang telah beroperasi sejak awal tahun 1980an.
1995 1997
• Commenced backward integration • Expanded its business integration by acquiring
with the acquisition of the Bogasari a group of companies involved in plantations,
flour mill. agribusiness and distribution.
Memulai integrasi bisnis melalui Memperluas integrasi bisnisnya dengan
akuisisi pabrik penggilingan mengakuisisi grup perusahaan yang bergerak
gandum Bogasari. di bidang perkebunan, agribisnis dan distribusi.
2008 2007
• The Agribusiness Group ventured into • Listed the Agribusiness Group, Indofood Agri
the sugar business by acquiring Resources Ltd. (IndoAgri), on the Singapore Stock
PT Lajuperdana Indah. Exchange (SGX).
Grup Agribisnis memasuki kegiatan usaha gula Mencatatkan saham Grup Agribisnis, Indofood
dengan mengakuisisi PT Lajuperdana Indah. Agri Resources Ltd. (IndoAgri), di Singapore Stock
• The CBP Group entered the dairy business by Exchange (SGX).
acquiring PT Indolakto (Indolakto), one of the • The Agribusiness Group expanded its plantation
leading dairy producers in Indonesia. holdings by acquiring PT PP London Sumatra Indonesia
Grup CBP memasuki kegiatan usaha dairy Tbk (LSIP), an IDX-listed plantation company.
melalui akuisisi PT Indolakto (Indolakto), salah Grup Agribisnis memperluas perkebunannya dengan
satu produsen produk dairy terkemuka di mengakuisisi PT PP London Sumatra Indonesia Tbk
Indonesia. (LSIP), sebuah perusahaan perkebunan yang
sahamnya tercatat di BEI.
2020 2021
• The CBP Group expanded its instant noodle • The CBP Group acquired full ownership
business by acquiring Pinehill Company Limited of the snack foods subsidiary.
(PCL), an instant noodle producer operating in Grup CBP mengakuisisi seluruh
the Middle East, Africa and Southeastern Europe. kepemilikan saham pada anak
Grup CBP memperluas kegiatan usaha mi instan perusahaan di bidang makanan ringan.
dengan mengakuisisi Pinehill Company Limited
(PCL), produsen mi instan yang beroperasi di
Timur Tengah, Afrika dan Eropa Tenggara.
2023 ANNUAL REPORT 15
Page 18
PT INDOFOOD SUKSES MAKMUR Tbk
SHARES LISTING AND BOND ISSUANCE
PENCATATAN SAHAM DAN PENERBITAN OBLIGASI
Chronological Shares Listing at IDX
Kronologis Pencatatan Saham di BEI
Date Corporate Action Number of Shares Par Value per
Tanggal Aksi Korporasi Issued and Fully Paid Share (Rupiah)
Jumlah Saham Nilai Nominal
Ditempatkan dan per Saham (Rupiah)
Disetor Penuh
17 May 1994 Initial Public Offering (IPO) of 21,000,000 shares 763.000.000 1.000
17 Mei 1994 with offering price of Rp6,200 per share
Penawaran umum perdana (IPO) sejumlah
21.000.000 saham dengan harga penawaran
sebesar Rp6.200 per saham
25 June 1996 Par value split of the Company’s shares 1.526.000.000 500
25 Juni 1996 from Rp1,000 per share to Rp500 per share
(stock split 1:2)
Pemecahan nilai nominal saham dari Rp1.000
per saham menjadi Rp500 per saham
(pemecahan saham 1:2)
6 June 1997 Right Issue I totaling 305,200,000 new shares 1.831.200.000 500
6 Juni 1997 with offering price of Rp3,300 per share
Penawaran umum terbatas I sejumlah
305.200.000 saham dengan harga penawaran
sebesar Rp3.300 per saham
20 July 2000 Par value split of the Company’s shares 9.156.000.000 100
20 Juli 2000 from Rp500 per share to Rp100 per share
(stock split 1:5)
Pemecahan nilai nominal saham dari Rp500
per saham menjadi Rp100 per saham
(pemecahan saham 1:5)
During 2001 Purchase of treasury stock totaling 9.156.000.000 100
Sepanjang 125,368,500 shares
2001 Pembelian kembali saham treasuri sejumlah
125.368.500 saham
During 2002 Issuance of 228,900,000 new shares for 9.384.900.000 100
Sepanjang Employee Stock Ownership Program (ESOP) I
2002 Penerbitan 228.900.000 saham baru sehubungan
dengan program kepemilikan saham karyawan
perusahaan (ESOP) I
Purchase of treasury stock totaling 9.384.900.000 100
790,231,500 shares
Pembelian kembali saham treasuri sejumlah
790.231.500 saham
16 LAPORAN TAHUNAN 2023
Page 19
Date Corporate Action Number of Shares Par Value per
Tanggal Aksi Korporasi Issued and Fully Paid Share (Rupiah)
Jumlah Saham Nilai Nominal
Ditempatkan dan per Saham (Rupiah)
Disetor Penuh
2003 Issuance of 58,369,500 new shares for ESOP II 9.443.269.500 100
2003 Penerbitan 58.369.500 saham baru sehubungan
dengan ESOP II
2004 Issuance of 919,500 new shares for ESOP III 9.444.189.000 100
2004 Penerbitan 919.500 saham baru sehubungan
dengan ESOP III
27 June 2008 Redemption of 663,762,500 shares of treasury 8.780.426.500 100
27 Juni 2008 stock and sale of remaining 251,837,500 shares
Penarikan kembali atas 663.762.500 saham
treasuri dan penjualan kembali 251.837.500 saham
Bond Issuance at SGX1
Penerbitan Obligasi di SGX1
Description Issuance Date Due Date Tenor Amount Coupon Rating
Keterangan Tanggal Emisi Tanggal Jatuh (year) (in million Rate Peringkat
Tempo Jangka US Dollar) Tingkat
Waktu Jumlah (dalam Bunga
(tahun) juta Dolar AS)
Indofood CBP 9 June 2021 9 June 2031 10 1.150 3,398% Baa3 (Moody’s)
Sukses Makmur 9 Juni 2021 9 Juni 2031 BBB- (Fitch)
US Dollar Bond 2031
Indofood CBP 9 June 2021 9 June 2051 30 600 4,745% Baa3 (Moody’s)
Sukses Makmur 9 Juni 2021 9 Juni 2051 BBB- (Fitch)
US Dollar Bond 2051
Indofood CBP 27 October 27 April 2032 10,5 600 3,541% Baa3 (Moody’s)
Sukses Makmur 2021 27 April 2032 BBB- (Fitch)
US Dollar Bond 2032 27 Oktober
2021
Indofood CBP 27 October 27 April 2052 30,5 400 4,805% Baa3 (Moody’s)
Sukses Makmur 2021 27 April 2052 BBB- (Fitch)
US Dollar Bond 2052 27 Oktober
2021
1 Bonds issued by PT Indofood CBP Sukses Makmur Tbk, a subsidiary of the Company.
Obligasi diterbitkan oleh PT Indofood CBP Sukses Makmur Tbk, entitas anak Perseroan.
2023 ANNUAL REPORT 17
Page 20
PT INDOFOOD SUKSES MAKMUR Tbk
SHARE PRICE INFORMATION
INFORMASI HARGA SAHAM
8.000
7.273
7.000
6.450
6.000
5.000
4.000
3.000
Share Price (Rupiah)
Harga Saham (Rupiah)
2.000
IDX - CI
IHSG
1.000
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2022 2023
As of 31 December 2023, the Company's Per 31 Desember 2023, sejumlah 8.780.426.500
8,780,426,500 shares with a par value of Rp100 saham Perseroan dengan nilai nominal Rp100 per
per share, were listed on the IDX, with total registered saham, tercatat pada BEI, dengan jumlah pemegang
shareholders exceeding 52,000. Share volume saham melebihi 52.000. Volume saham yang
traded on the regular market during 2023 totaled diperdagangkan di pasar reguler selama tahun 2023
1,952,702,200 share at prices ranging from Rp6,050 berjumlah 1.952.702.200 dengan harga berkisar
per share to Rp7,550 per share and closing at antara Rp6.050 per saham hingga Rp7.550 per
Rp6,450. saham dan ditutup pada harga Rp6.450.
18 LAPORAN TAHUNAN 2023
Page 21
Year Outstanding Market Highest Lowest Closing Trading Volume
Tahun Share 1 3 Capitalization 2 3 Tertinggi Terendah Penutupan Volume
Saham Kapitalisasi Perdagangan
Beredar 1 3 Pasar 2 3
2023 I 8.780 54.438.644 7.000 6.050 6.200 436.375.600
II 8.780 64.536.135 7.500 6.175 7.350 510.395.300
III 8.780 58.170.326 7.550 6.575 6.625 531.102.300
IV 8.780 56.633.751 7.100 6.225 6.450 474.829.000
During the Year 8.780 56.633.751 7.550 6.050 6.450 1.952.702.200
Selama Tahun
Laporan
2022 I 8.780 52.243.538 6.600 5.725 5.950 546.207.500
II 8.780 61.902.007 7.250 5.950 7.050 672.481.300
III 8.780 52.902.070 7.200 6.025 6.025 604.946.000
IV 8.780 59.048.368 7.000 6.025 6.725 487.305.300
During the Year 8.780 59.048.368 7.250 5.725 6.725 2.310.940.100
Selama Tahun
Laporan
Source | Sumber: IDX Monthly Statistics
1 In million 1 Dalam juta
2 In million Rupiah 2 Dalam juta Rupiah
3 At the end of period 3 Per akhir periode
The figures are stated in Indonesian language. Angka disajikan dalam Bahasa Indonesia.
2023 ANNUAL REPORT 19
Page 22
PT INDOFOOD SUKSES MAKMUR Tbk
MESSAGE FROM THE PRESIDENT COMMISSIONER
SAMBUTAN KOMISARIS UTAMA
“Amid global uncertainties,
Indonesia’s economic
resilience has shone
through with a gross
domestic product (GDP)
growth of 5.05% in 2023.”
"Di tengah berbagai
ketidakpastian global,
perekonomian Indonesia tetap
kuat dimana produk domestik
bruto (PDB) berhasil tumbuh
sebesar 5,05% di tahun 2023."
Manuel V. Pangilinan
President Commissioner
Komisaris Utama
20 LAPORAN TAHUNAN 2023
Page 23
Dear Stakeholders, Para Pemangku Kepentingan yang Terhormat,
Amid global uncertainties, Indonesia’s economic Di tengah berbagai ketidakpastian global,
resilience has shone through with a gross domestic perekonomian Indonesia tetap kuat dimana produk
product (GDP) growth of 5.05% in 2023. Although domestik bruto (PDB) berhasil tumbuh sebesar 5,05%
this is marginally lower than the previous year’s 5.31%, di tahun 2023. Meskipun pertumbuhan ini sedikit lebih
it still positions Indonesia favorably amongst major rendah dibandingkan tahun sebelumnya sebesar
emerging and developing economies, underscoring 5,31%, namun hasil tersebut telah menempatkan
its robust economic fundamentals and well-controlled Indonesia di posisi yang baik di antara negara-negara
inflation rate. berkembang, menunjukkan kekuatan fundamental
perekonomiannya dengan tingkat inflasi yang
The fast moving consumer goods (FMCG) industry was terkendali.
a direct beneficiary of the 4.82% increase in domestic
household consumption, which was the biggest Industri fast moving consumer goods (FMCG)
contributor to GDP. The FMCG sector’s low single-digit memperoleh dampak langsung dari meningkatnya
growth was primarily due to higher prices, despite konsumsi rumah tangga domestik sebesar 4,82%,
slightly lower volumes. The scenario is attributed to yang merupakan kontributor terbesar terhadap PDB.
a higher cost of living, which has been impacting the Pertumbuhan sektor FMCG sebesar single-digit
purchasing power of consumers in the lower-income terutama didorong oleh kenaikan harga dengan
bracket. volume penjualan yang sedikit menurun. Situasi ini
disebabkan oleh naiknya biaya hidup yang berdampak
The moderation in global commodity prices has helped pada daya beli masyarakat berpenghasilan rendah.
normalize the 2023 inflation rate to 2.61%, providing
relief from the previous year’s 5.51%. Nonetheless, Sejalan dengan turunnya harga berbagai komoditas
general prices remained high. The Rupiah remained global, tingkat inflasi berangsur turun di tahun 2023
stable, averaging around Rp15,200 against the US mencapai 2,61% dibandingkan tahun sebelumnya
Dollar, slightly weaker than Rp14,900 in 2022. The cost sebesar 5,51%. Namun demikian, harga-harga barang
of key commodities for Indofood, namely crude palm pada umumnya tetap tinggi. Nilai tukar Rupiah relatif
oil (CPO) and wheat, trended downwards as well. stabil dengan rata-rata sekitar Rp15.200 per Dolar
Amerika Serikat (AS), sedikit melemah dari Rp14.900
Amidst these challenges, Indofood managed to post di tahun 2022. Harga komoditas utama bagi Indofood,
a solid financial year in 2023. Net sales grew by 1%, yakni crude palm oil (CPO) dan gandum, juga
driven mainly by the CBP and Distribution Groups which mengalami tren penurunan.
benefited from higher volumes without the pressures
from increased input costs. This was in contrast to Di tengah kondisi yang penuh tantangan, Indofood
our commodities-based businesses particularly berhasil membukukan kinerja yang positif di tahun
Agribusiness Group, where average selling prices 2023. Penjualan neto tumbuh sebesar 1%, didorong
(ASP) were impacted by weaker global commodities oleh kinerja Grup CBP dan Distribusi yang mencatat
markets. Core profit rose by a higher 8% compared to pertumbuhan volume penjualan tanpa adanya
our top line, demonstrating our ability to drive improved tekanan dari kenaikan harga bahan baku. Kondisi
profitability despite the global challenges. tersebut berbeda dengan kegiatan usaha kami yang
berbasis komoditas, terutama Grup Agribisnis, dimana
harga jual rata-rata terdampak oleh pelemahan
pasar komoditas global. Core profit meningkat
8%, lebih tinggi dibandingkan laju pertumbuhan
penjualan, membuktikan kemampuan kami untuk
meraih peningkatan keuntungan di tengah berbagai
tantangan global.
2023 ANNUAL REPORT 21
Page 24
PT INDOFOOD SUKSES MAKMUR Tbk
The Board of Commissioners (BOC) commends Dewan Komisaris menyampaikan apresiasi kepada
the Board of Directors (BOD) for their exemplary Direksi atas kemampuan manajerialnya di tahun
management in 2023. This is evident in our financial 2023. Hal ini terlihat jelas pada kinerja keuangan kami
performance — a strong testament to their acumen yang juga menunjukkan kemampuan dan komitmen
and commitment to good corporate governance Direksi terhadap aspek tata kelola perusahaan dan
and sustainability. We also marked a new chapter by keberlanjutan yang baik. Kami juga memasuki babak
welcoming Mr. Sulaiman Arif Arianto as a new member baru dengan menyambut Bapak Sulaiman Arif Arianto
of the BOC. sebagai anggota baru Dewan Komisaris.
The BOC meets regularly with the BOD to review and Dewan Komisaris melakukan pertemuan secara rutin
assess the Company’s business strategies, operational dengan Direksi untuk mengkaji dan mengevaluasi
performance and sustainability efforts. We are strategi usaha, kinerja operasional dan upaya-
supported in these endeavors by the Nomination & upaya keberlanjutan Perseroan. Dalam menjalankan
Remuneration Committee and the Audit Committee, fungsinya, Dewan Komisaris dibantu oleh Komite
who conduct their own regular meetings in order to Nominasi & Remunerasi dan Komite Audit, yang
provide the BOC with relevant and timely updates. menyelenggarakan rapat internal secara berkala untuk
Both committees have performed exceptionally well in dapat memberikan informasi yang relevan dan terkini
enabling the BOC to fulfil its responsibilities. kepada Dewan Komisaris. Kedua komite tersebut
telah melaksanakan tugasnya dengan sangat baik
The Company has also continued to prioritize dalam membantu Dewan Komisaris menjalankan
environmental stewardship, good labor practices tanggung jawabnya.
and community development, as well as resilience
in delivering food for all. The Indofood Sustainability Perseroan juga terus memprioritaskan aspek
Framework guides us in mitigating any adverse perlindungan terhadap lingkungan, praktik
impacts of our operations on the environment ketenagakerjaaan dan pengembangan masyarakat
and the communities we serve. Additionally, we yang baik, serta tangguh dalam menghadirkan
have incorporated climate-related risks into the produk pangan bagi seluruh masyarakat. Kerangka
Company’s risk management processes, with the Kerja Keberlanjutan Indofood menjadi pedoman
Agribusiness Group taking the lead to align with the bagi kami dalam memitigasi dampak negatif dari
Task Force on Climate-Related Financial Disclosures kegiatan operasional kami terhadap lingkungan dan
(TCFD) framework. These initiatives are a reflection of masyarakat. Selain itu, kami telah mempertimbangkan
Indofood’s dedication to sustainable business growth. risiko terkait perubahan iklim ke dalam proses
manajemen risiko Perseroan, dimana Grup Agribisnis
As we enter 2024, the global outlook is expected to memulai upaya penyelarasan dengan kerangka
demonstrate resilience, marked by declining inflation kerja dari Task Force on Climate-Related Financial
and steady growth in many countries, along with fiscal Disclosures (TCFD). Inisiatif tersebut mencerminkan
support in China. Nonetheless, geopolitical tensions, dedikasi Indofood terhadap pertumbuhan usaha yang
particularly in Ukraine and the Middle East, may disrupt berkelanjutan.
global shipping and supply chains, while climate
change is likely to affect the commodity and energy Memasuki tahun 2024, prospek perekonomian global
markets. Despite Indonesia’s resilience, it will remain diperkirakan akan tetap tangguh seiring turunnya
susceptible to global dynamics. tingkat inflasi dan berlanjutnya pertumbuhan di
banyak negara, serta dukungan kebijakan fiskal
di Tiongkok. Meskipun demikian, ketegangan
geopolitik, terutama di Ukraina dan Timur Tengah,
dapat mengganggu pengiriman dan rantai pasokan
dunia, sedangkan perubahan iklim diperkirakan akan
mempengaruhi pasar komoditas dan energi. Terlepas
dari ketangguhan perekonomian Indonesia, kondisi
tersebut masih akan dipengaruhi dinamika yang terjadi
di dunia.
22 LAPORAN TAHUNAN 2023
Page 25
Therefore, our vigilance in monitoring global market Oleh karena itu, kami akan tetap mempertahankan
conditions will be crucial, especially in the light of kewaspadaan dengan terus memantau kondisi pasar
El Niño events impacting commodity markets. Weather global, terutama dampak El Niño terhadap pasar
extremes may disrupt global production and escalate komoditas. Cuaca ekstrim dapat mengganggu
price volatilities in key commodities, such as wheat, produksi komoditas global dan meningkatkan
where the 2024 forecast has indicated reduced volatilitas harga komoditas, antara lain proyeksi
outputs from major exporting countries and the lowest gandum di tahun 2024 yang telah mengindikasikan
global ending stocks since 2016. adanya penurunan hasil produksi dari negara-negara
utama pengekspor gandum dan tingkat persediaan
Nonetheless, Indonesia’s GDP is expected to grow akhir global yang terendah sejak tahun 2016.
by around 5% in 2024, as the government aims to
improve poverty and unemployment rates. Inflation is Meski demikian, PDB Indonesia diperkirakan akan
expected to stay manageable at around 3%, and the tumbuh sekitar 5% di tahun 2024, dimana pemerintah
Rupiah is likely to remain stable, averaging Rp15,000 akan berupaya untuk menurunkan tingkat kemiskinan
per US Dollar. dan pengangguran. Inflasi diperkirakan akan tetap
terjaga di kisaran 3%, dan nilai tukar Rupiah akan tetap
I would like to close by extending my heartfelt thanks stabil dengan rata-rata sekitar Rp15.000 per Dolar AS.
to the BOC, BOD and all Indofood employees for
their unwavering commitment and dedication. It is Saya ingin menutup laporan ini dengan mengucapkan
through our collective teamwork that Indofood is terima kasih kepada jajaran Dewan Komisaris, Direksi
able to consistently thrive, adapt and excel. To our dan seluruh karyawan Indofood atas komitmen dan
shareholders, your enduring trust has been integral dedikasinya. Melalui kerjasama dari semua pihak,
to our journey. Together, let’s continue to pursue Indofood secara konsisten dapat terus berkembang,
sustainable growth and prosperity. beradaptasi, dan tetap unggul. Kepada para
pemegang saham, kepercayaan yang diberikan
telah menjadi bagian penting dalam perjalanan kami.
Akhir kata, mari kita bersama-sama terus meraih
pertumbuhan dan keberhasilan yang berkelanjutan.
Sincerely | Hormat Saya,
Manuel V. Pangilinan
President Commissioner
Komisaris Utama
April 2024
2023 ANNUAL REPORT 23
Page 26
PT INDOFOOD SUKSES MAKMUR Tbk
REPORT OF THE PRESIDENT DIRECTOR
LAPORAN DIREKTUR UTAMA
"In confronting challenges
locally and overseas, Indofood’s
approach has been to adapt and
innovate. This strategy, honed
over the years, has enabled us
not only to withstand market
uncertainties but also to
capitalize on emerging
opportunities."
"Dalam menghadapi berbagai
tantangan baik di dalam maupun
luar negeri, Indofood senantiasa
beradaptasi dan berinovasi. Strategi
yang terus disempurnakan dari
waktu ke waktu ini telah membuat
kami tidak hanya dapat mengatasi
ketidakpastian pasar namun juga
mampu menangkap berbagai
peluang yang ada."
Anthoni Salim
President Director & CEO
Direktur Utama & CEO
24 LAPORAN TAHUNAN 2023
Page 27
Dear Stakeholders, Para Pemangku Kepentingan yang Terhormat,
In a year marked by global economic shifts and Dihadapkan pada kondisi ekonomi global yang
distinct challenges, Indofood has demonstrated penuh dengan perubahan dan tantangan, Indofood
strong resilience. We adeptly managed fluctuations terus membuktikan ketangguhannya. Kami berhasil
in commodity prices, which were crucial for our menyesuaikan diri terhadap fluktuasi harga
flour and palm oil production; and addressed the komoditas yang sangat berpengaruh pada kegiatan
higher living costs, which affected the spending usaha tepung terigu dan kelapa sawit kami; serta
power of lower-income consumers, especially in the mampu mengatasi kondisi pengaruh biaya hidup yang
food sector. tinggi terhadap daya beli masyarakat berpenghasilan
rendah, terutama di sektor makanan.
In confronting these challenges locally and overseas,
Indofood’s approach has been to adapt and Dalam menghadapi berbagai tantangan baik di dalam
innovate. This strategy, honed over the years, has maupun luar negeri, Indofood senantiasa beradaptasi
enabled us not only to withstand market uncertainties dan berinovasi. Strategi yang terus disempurnakan
but also to capitalize on emerging opportunities. dari waktu ke waktu ini telah membuat kami tidak
Thus, the theme of this year’s annual report, hanya dapat mengatasi ketidakpastian pasar namun
“Continuing Growth in the Midst of Challenges”, juga mampu menangkap berbagai peluang yang ada.
is a reflection of the resilience of our teams and the Tema laporan tahunan 2023, “Continuing Growth
efficacy of our strategic approach. in the Midst of Challenges”, merupakan cerminan
dari ketangguhan tim dan keberhasilan penerapan
I am pleased that Indofood was able to post another strategi kami.
solid set of financials in 2023. Consolidated net sales
grew by 1%, driven by sales growth in the CBP and Saya gembira Indofood kembali berhasil meraih
Distribution Groups due to higher volumes. However, kinerja keuangan yang positif di tahun 2023.
the growth was offset by the performance of our Penjualan neto konsolidasi tumbuh 1%, didorong
commodity-based businesses, particularly the oleh pertumbuhan penjualan dari Grup CBP dan
Agribusiness Group, which was impacted by lower Distribusi seiring dengan kenaikan volume penjualan.
average selling prices, in line with the weaker global Namun demikian, pertumbuhan ini sebagian telah
vegetable oil market. diimbangi oleh kinerja dari kegiatan usaha kami
yang berbasis komoditas, terutama Grup Agribisnis,
EBIT was relatively flat mainly due to net forex losses dimana terdapat penurunan harga jual rata-rata yang
from operating activities, and the EBIT margin terdampak pelemahan pasar vegetable oil global.
remained healthy at 17.6%. Meanwhile, core profit,
which excludes non-operational impacts, grew faster EBIT relatif stabil terutama karena membukukan rugi
at 8% compared to our top-line and EBIT growth, selisih kurs yang timbul dari kegiatan operasional,
demonstrating our capacity for strong performance sedangkan marjin EBIT tetap sehat di kisaran
amidst macroeconomic headwinds. It is noteworthy 17,6%. Core profit, tanpa memperhitungkan akun
that we have successfully maintained our investment non-operasional, tumbuh lebih tinggi sebesar 8%
grade ratings of “Baa3” (stable) by Moody’s and dibandingkan pertumbuhan penjualan dan EBIT,
“BBB-” by Fitch for ICBP’s US Dollar bonds. In early membuktikan kemampuan kami untuk meraih
2024, Moody’s upgraded ICBP’s outlook to positive kinerja yang baik di tengah berbagai tantangan
from stable. makroekonomi. Selain itu, kami juga berhasil dalam
mempertahankan peringkat investasi Obligasi Dolar
AS ICBP yaitu “Baa3” (stabil) dari Moody dan “BBB-”
dari Fitch. Di awal tahun 2024, Moody’s mengubah
pandangan ke depannya atas ICBP menjadi positif
dari stabil.
2023 ANNUAL REPORT 25
Page 28
PT INDOFOOD SUKSES MAKMUR Tbk
Bolstering Excellence in Operations Memperkuat Keunggulan Operasional
The CBP Group sustained its leadership position Grup CBP mampu mempertahankan
in the F&B sector. By increasing the visibility and kepemimpinannya di sektor F&B. Melalui peningkatan
accessibility of its wide-ranging product portfolio, visibilitas dan aksesibilitas dari portofolio
spanning diverse brands and formats at different produknya yang beragam, mencakup berbagai
price points, ICBP was able to expand its market merek dan format serta pilihan harga, ICBP berhasil
share in several product categories. Integral to the meningkatkan pangsa pasar di beberapa kategori
success was an organic growth strategy centered produk. Pencapaian tersebut berhasil diraih berkat
on portfolio optimization. To strengthen ICBP’s penerapan strategi pertumbuhan secara organik
presence both domestically and internationally, we dengan berfokus pada optimalisasi portofolio
continued to develop tailored engagement activities produk. Guna memperkuat kehadiran ICBP di
and cater to the trending tastes and evolving dalam dan luar negeri, kami terus mengembangkan
preferences of different target consumers. In 2023, berbagai kegiatan engagement yang terarah serta
we expanded our product portfolio both domestic mengikuti perubahan tren dan preferensi rasa
and overseas with over 35 exciting additions. dari berbagai target konsumen yang beragam. Di
sepanjang tahun 2023, kami telah memperluas
Our commitment to brand excellence and consumer portofolio produk di Indonesia maupun luar Indonesia
engagement earned widespread recognition. melalui perluncuran lebih dari 35 produk-produk baru
Among the accolades, Indomie was ranked Kantar’s yang menarik.
Most Chosen Instant Noodle Brand in the World, while
Indomilk continued to be one of the Top Three Most Komitmen kami pada keunggulan merek dan
Chosen Dairy Brands in Indonesia. consumer engagement terus mendapatkan
pengakuan yang luas. Diantaranya, Indomie
Furthermore, we enhanced our manufacturing
berhasil meraih Most Chosen Instant Noodle
capabilities through capacity and efficiency
Brand in the World dari Kantar, sedangkan Indomilk
improvements, while increasing our investment in
mempertahankan posisinya sebagai salah satu dari
digitization initiatives. To better serve our markets,
Top Three Most Chosen Dairy Brand in Indonesia.
ICBP has increased annual production capacity for
some divisions including Noodles reaching around Selain itu, kapabilitas manufaktur diperkuat melalui
36 billion packs, Snack Foods to more than 55,000 peningkatan kapasitas dan efisiensi, serta investasi
tonnes, and Food Seasonings to around 230,000 pada inisiatif digitalisasi. Guna melayani pasar dengan
tonnes. Notable manufacturing improvement lebih baik, ICBP telah meningkatkan kapasitas
initiatives included a new silo system and process produksi tahunan di beberapa divisi, termasuk Mi
automation for flour handling and mixing at a noodles Instan yang mencapai sekitar 36 miliar bungkus,
factory, earning us a Gold Award at the International Makanan Ringan yang mencapai lebih dari 55.000
Convention of Quality Control Circle (ICQCC) ton, dan Penyedap Makanan yang mencapai sekitar
in China. 230.000 ton. Inisiatif utama yang dilakukan untuk
meningkatkan kegiatan manufaktur meliputi instalasi
The Bogasari Group responded to decreasing global
sistem silo baru serta otomatisasi proses penanganan
wheat prices, which had spiked during the 2022
tepung terigu dan proses mixing di pabrik mi instan,
Russia-Ukraine conflict, by adjusting its selling prices
yang berhasil memenangkan Gold Award dalam acara
for wheat flour throughout the year. Despite these
International Convention of Quality Control Circle
efforts, domestic demand for wheat flour remained
(ICQCC) di Tiongkok.
subdued, as the reduced prices were still elevated
for lower-income households whose purchasing Grup Bogasari menanggapi penurunan harga
power had contracted. Bogasari upheld its position gandum global, yang sempat melonjak tinggi
as the dominant market player and continued to pada saat terjadinya konflik Rusia-Ukraina di tahun
achieve healthy profitability, thanks to its cost-plus 2022, dengan menyesuaikan harga jual produk
pricing model. tepung terigunya di sepanjang tahun. Walaupun
demikian, tingkat permintaan tepung terigu di pasar
domestik belum pulih sepenuhnya, mengingat harga
tersebut relatif masih cukup tinggi bagi masyarakat
berpenghasilan rendah yang mengalami penurunan
daya beli. Bogasari dapat mempertahankan posisinya
sebagai pemimpin pasar dan mampu menghasilkan
tingkat profitabilitas yang sehat dengan didukung
oleh model bisnis cost-plus.
26 LAPORAN TAHUNAN 2023
Page 29
I am confident that our market prospects in Indonesia Saya meyakini bahwa prospek pasar di Indonesia
remained robust, given the relatively low per capita sangat menjanjikan, mengingat konsumsi tepung
flour consumption rate, coupled with an increasingly terigu per kapita yang relatif masih rendah,
diverse dietary trend favoring wheat-based foods serta semakin beragamnya pola makan dengan
like pizza and pasta. To drive growth in consumption peningkatan preferensi pada jenis makanan berbahan
and sales, we have enhanced our consumer pack dasar tepung terigu seperti pizza dan pasta. Guna
products for the retail and micro-enterprise sectors. mendorong pertumbuhan konsumsi dan penjualan,
We also continued to support our SME partners kami semakin memperkuat produk consumer pack
through industry programs while engaging younger yang ditujukan untuk konsumen ritel maupun usaha
consumers through marketing initiatives and mikro, serta terus memberikan dukungan kepada
campaigns. Additionally, Bogasari is bolstering its mitra UKM melalui berbagai program dan menjalin
transportation fleet with two new vessels scheduled interaksi dengan kaum muda melalui berbagai
to commence operations by end-2024, ensuring kegiatan dan kampanye pemasaran. Selain itu,
better logistical efficiency and steady wheat supply. Bogasari saat ini sedang memperkuat kemampuan
transportasi gandumnya dengan membangun dua
The Agribusiness Group recorded lower profitability
kapal yang diperkirakan akan selesai pada akhir
in 2023, mainly due to lower selling prices of palm
tahun 2024, guna meningkatkan efisiensi logistik dan
and EOF products, offset by higher volumes of
memastikan pasokan gandum yang konsisten.
palm products. To strengthen the balance sheet, we
increased our cash reserves, reduced bank loans Grup Agribisnis mencatatkan tingkat profitabilitas
and minimized currency exposure in our financing yang lebih rendah di tahun 2023, terutama karena
activities. Prudent financial management, coupled turunnya harga jual produk sawit dan EOF, meskipun
with the ability to navigate complex market dynamics, sebagian telah diimbangi oleh kenaikan volume
were central to the Group’s resilience and stability. penjualan produk sawit. Guna memperkuat posisi
The Plantation Division focused on productivity neraca, kami telah meningkatkan cadangan kas,
and cost efficiency initiatives, and continued with mengurangi pinjaman bank dan juga meminimalkan
R&D programs for high-yielding seed varieties eksposur terhadap mata uang asing dalam aktivitas
with distinctive traits. The EOF Division performed keuangan kami. Manajemen keuangan yang baik,
well, thanks to competitive pricing strategies and disertai dengan kemampuan untuk menghadapi
targeted marketing efforts. dinamika pasar, menjadi kunci ketangguhan dan
stabilitas Grup Agribisnis. Divisi Perkebunan terus
In 2023, we stayed focused on digitalizing our
fokus pada inisiatif peningkatan produktivitas dan
processes and systems to work more efficiently
efisiensi biaya, serta melanjutkan program penelitian
in both the field and head office. Efforts included
dan pengembangan dalam menghasilkan varietas
additional investment in mechanization projects, to
benih bibit yang memiliki potensi tingkat hasil panen
improve productivity and reduce costs.
tinggi dengan ciri khas tertentu. Divisi EOF telah
Upholding sound environmental, social and meraih kinerja yang baik, didukung oleh strategi
governance (ESG) principles, material sustainability penetapan harga yang kompetitif dan upaya-upaya
issues were diligently tracked. Our ISPO-certified pemasaran yang terarah.
production was 493 thousand tonnes, representing
Pada tahun 2023, fokus pada digitalisasi proses dan
85% of total nucleus CPO production in 2023.
sistem berlanjut untuk meningkatkan efisiensi, baik
dari aspek operasional di lapangan maupun di kantor
pusat. Upaya ini juga termasuk investasi tambahan
pada proyek mekanisasi untuk meningkatkan
produktivitas dan menurunkan biaya.
Menjunjung tinggi prinsip-prinsip lingkungan, sosial,
dan tata kelola (ESG), isu-isu keberlanjutan yang
material senantiasa dipantau secara cermat. Produksi
bersertifikasi ISPO kami di tahun 2023 adalah sebesar
493 ribu ton, atau sekitar 85% dari total produksi CPO
yang berasal dari perkebunan inti.
2023 ANNUAL REPORT 27
Page 30
PT INDOFOOD SUKSES MAKMUR Tbk
The Distribution Group continues to be pivotal to our Grup Distribusi tetap menjadi bagian penting di
vertically integrated operations and business model, dalam model bisnis dan kegiatan operasional kami
ensuring the consistent availability and smooth yang terintegrasi secara vertikal, dengan memastikan
distribution of Indofood products. By leveraging our ketersediaan dan kelancaran distribusi produk-
extensive network of over 1,300 strategically sited produk Indofood secara konsisten. Dengan didukung
stock points, we were able to keep a close watch jaringan luas di lebih dari 1.300 stock point di
on shifting market dynamics, leading to enhanced berbagai lokasi strategis, kami dapat secara cermat
market intelligence and improved monitoring, mengamati perubahan dinamika pasar yang semakin
execution and responsiveness. Additionally, we memperkuat kemampuan market intelligence
boosted productivity and efficiency by improving kami dalam aspek pemantauan, pelaksanaan dan
working capital management, replacing inactive kecepatan dalam merespons dinamika pasar.
outlets and optimizing our workforce and logistics. Tingkat produktivitas dan efisiensi juga ditingkatkan
All in all, these collective efforts contributed to melalui pengelolaan modal kerja yang lebih baik,
a positive year for the Distribution Group, with penggantian outlet-outlet yang tidak aktif, serta
increases in both sales and profitability. optimalisasi tenaga kerja dan operasional logistik.
Secara keseluruhan, upaya-upaya yang dilakukan
Supporting Sustainable Growth telah memberikan kontribusi yang positif bagi Grup
Distribusi sehingga mampu meraih pertumbuhan
As a Company, we have reinforced our dedication penjualan dan profitabilitas.
to transparency and accountability in ESG matters
by publishing Indofood’s third Sustainability Report,
Mendukung Pertumbuhan yang
together with our Annual Report for 2023. Aligned
Berkelanjutan
with the Global Reporting Initiatives (GRI) Standards,
the report showcases our ongoing commitment Perseroan telah menunjukkan dedikasinya terhadap
to monitor and communicate the progress of transparansi dan akuntabilitas terkait ESG dengan
our sustainability programs and strategies to all menerbitkan Laporan Keberlanjutan Indofood yang
stakeholders. To ensure the accuracy and reliability ketiga bersamaan dengan Laporan Tahunan tahun
of our report, we upheld our practice of engaging 2023. Selaras dengan Standar Global Reporting
an external assurance agency for independent Initiatives (GRI), laporan ini menunjukkan komitmen
verification. kami dalam memantau dan mengomunikasikan
perkembangan dari program dan strategi
Our focus on nurturing and advancing human capital
keberlanjutan kami kepada seluruh pemangku
remained a key priority. To this end, we accelerated
kepentingan. Untuk memastikan akurasi dan
our succession planning and employee development
kredibilitas laporan ini, kami tetap melibatkan pihak
initiatives, which are central to bolstering leadership
assurance eksternal untuk melakukan verifikasi
skills and functional expertise.
independen.
Embracing the digital age, we strategically digitalized
Fokus kami di bidang pembinaan dan pengembangan
our supply chains to enhance productivity, efficiency
sumber daya manusia tetap menjadi prioritas utama.
and data accuracy. Our investment in digital
Dalam hal ini, inisiatif-inisiatif terkait perencanaan
transformation signifies a dedication to being at
suksesi dan pengembangan sumber daya manusia
the forefront of technological advancements in our
terus ditingkatkan guna mendorong kemampuan
industry.
kepemimpinan dan keahlian fungsional.
In terms of governance, the BOD convened regularly
Menghadapi era digital, mata rantai pasokan
to formulate and monitor business strategies,
kami telah didigitalisasi secara strategis guna
policies and processes, thereby ensuring the
meningkatkan produktivitas, efisiensi dan akurasi
effective execution of our annual operating plans.
data. Investasi kami pada transformasi digital
These meetings have enabled timely reviews of
membuktikan dedikasi kami untuk menjadi yang
terdepan di industri dalam hal kemajuan teknologi.
Di bidang tata kelola, Direksi mengadakan pertemuan
secara berkala untuk merumuskan dan meninjau
strategi, kebijakan dan proses kerja Perseroan,
guna memastikan pelaksanaan rencana operasional
tahunan kami secara efektif. Pertemuan-pertemuan
28 LAPORAN TAHUNAN 2023
Page 31
the Company’s performance, governance and tersebut memungkinkan evaluasi atas kinerja, serta
sustainability efforts, ensuring Indofood remains upaya tata kelola dan keberlanjutan Perseroan, agar
well-aligned with current macroeconomic trends and Indofood tetap mengikuti tren makroekonomi dan
market conditions. kondisi pasar terkini.
Outlook 2024 Pandangan 2024
Looking ahead to 2024, we shall remain cautiously Memasuki tahun 2024, kami tetap optimis namun
optimistic in the face of global uncertainties. senantiasa berhati-hati dalam menghadapi kondisi
Indonesia’s economy is projected to continue its ketidakpastian global. Perekonomian Indonesia
steady growth, with an expected GDP increase diperkirakan masih akan tetap kuat dengan
of around 5%. This scenario, accompanied by pertumbuhan PDB sekitar 5%. Hal tersebut, diiringi
the government’s focus on reducing poverty and fokus pemerintah dalam menurunkan tingkat
unemployment rates, will provide a promising kemiskinan dan pengangguran, akan menciptakan
backdrop for our strategic initiatives. kondisi yang mendukung keberhasilan strategi
Indofood.
As we set forth with a new set of business targets,
our aim is to pursue continued growth while carefully Sejalan dengan target-target usaha yang baru, kami
balancing between market share and profitability. akan terus berupaya untuk meraih pertumbuhan
We will continue our focus on organic growth, yang berkelanjutan serta menjaga keseimbangan
both domestically and internationally. Additionally, antara pangsa pasar dan profitabilitas. Fokus pada
maintaining a healthy balance sheet and preserving pertumbuhan organik akan terus berlanjut untuk
the investment grade status of ICBP’s US Dollar kegiatan usaha di dalam dan luar negeri. Posisi neraca
bonds are part of this strategy. yang sehat dan peringkat investasi Obligasi Dolar
AS ICBP akan dipertahankan sebagai bagian dari
We also plan to accelerate our talent development strategi ini.
and succession planning efforts, strengthen
industrial relations, and further our digitization Kami berencana untuk meningkatkan upaya
initiatives to enhance productivity and efficiency. pengembangan sumber daya manusia dan
Furthermore, we will continue to prioritize our ESG perencanaan suksesi, memperkuat hubungan
endeavors, ensuring compliance with the latest industrial, serta terus melanjutkan inisiatif digitalisasi
regulations. guna meraih tingkat produktivitas dan efisiensi
yang lebih tinggi. Upaya-upaya terkait ESG juga
As I conclude my report for 2023, I would like to tetap menjadi prioritas utama dengan memastikan
extend my heartfelt gratitude to the BOC for their kepatuhan pada peraturan terkini.
insightful leadership, my fellow BOD team members
for facing each challenge with resilience, and all Sebagai penutup, saya ingin menyampaikan
Indofood employees for their tireless contributions. penghargaan yang tulus kepada Dewan Komisaris
I also wish to thank all our loyal customers, strategic atas kepemimpinannya, rekan-rekan Direksi yang
partners and valued shareholders for their continued telah menghadapi setiap tantangan dengan tangguh,
confidence in Indofood. serta seluruh karyawan Indofood atas kontribusinya.
Saya juga ingin mengucapkan terima kasih kepada
seluruh pelanggan, mitra usaha dan para pemegang
saham atas kepercayaan yang terus diberikan
kepada Indofood.
Sincerely | Hormat Saya,
Anthoni Salim
President Director & CEO
Direktur Utama & CEO
April 2024
2023 ANNUAL REPORT 29
Page 32
PT INDOFOOD SUKSES MAKMUR Tbk
MANAGEMENT’S ANALYSIS & DISCUSSION
ANALISA & PEMBAHASAN OLEH MANAJEMEN
Demonstrating strong resilience amid global economic
shifts and challenges, Indofood continued to perform well
in 2023, achieving solid financial results.
Membuktikan ketangguhannya dalam menghadapi kondisi ekonomi global yang
penuh dengan perubahan dan tantangan, Indofood kembali mampu membukukan
kinerja keuangan yang baik di tahun 2023.
In a year marked by global uncertainties, Indonesia Di tengah berbagai ketidakpastian global,
has shown remarkable economic resilience with perekonomian Indonesia tetap kuat dimana PDB
a GDP growth of 5.05%. Despite a slight dip over berhasil tumbuh sebesar 5,05%. Meskipun
the previous year, it continues to place Indonesia pertumbuhan ini sedikit lebih rendah dibandingkan
favorably amongst major emerging and developing tahun sebelumnya, namun hasil tersebut telah
economies, underscoring the country’s robust menempatkan Indonesia di posisi yang baik di antara
economic fundamentals and well-controlled negara-negara berkembang, menunjukkan kekuatan
inflation rate. fundamental perekonomiannya dengan tingkat inflasi
yang terkendali.
Demonstrating strong resilience amid global
economic shifts and challenges, Indofood continued Membuktikan ketangguhannya dalam menghadapi
to perform well in 2023, achieving solid financial kondisi ekonomi global yang penuh dengan
results with modest top-line growth and a relatively perubahan dan tantangan, Indofood kembali mampu
stable EBIT margin. membukukan kinerja keuangan yang baik di tahun
2023 dengan adanya sedikit pertumbuhan penjualan
Statement of Profit or Loss and Other dan marjin EBIT yang tetap terjaga.
Comprehensive Income
Laporan Laba Rugi dan Penghasilan
Net Sales Komprehensif Lain
The Company booked consolidated net sales of Penjualan Neto
Rp111.70 trillion in 2023, a slight increase of 1% from
Rp110.83 trillion in 2022 driven by sales growth Perseroan membukukan penjualan neto konsolidasi
of CBP and Distribution Group. During 2023, the sebesar Rp111,70 triliun di tahun 2023, meningkat 1%
Company recorded overseas sales of around dari Rp110,83 triliun di tahun 2022, didorong oleh
Rp25.72 trillion (equivalent to US$1.69 billion) peningkatan penjualan Grup CBP dan Distribusi.
representing approximately 23% of the consolidated Sepanjang tahun 2023, Perseroan mencatatkan
net sales. penjualan di luar Indonesia sebesar Rp25,72 triliun
(setara dengan US$1,69 miliar) atau sekitar 23% dari
penjualan neto konsolidasi.
30 LAPORAN TAHUNAN 2023
Page 33
In 2023, the CBP Group posted a 5% growth in total Di tahun 2023, Grup CBP membukukan pertumbuhan
sales value to Rp68.60 trillion as compared with total nilai penjualan sebesar 5% menjadi Rp68,60
Rp65.26 trillion in 2022, driven by sales volumes and triliun dibandingkan dengan Rp65,26 triliun di tahun
ASP growth in most of its segments. 2022, didorong oleh kenaikan volume penjualan
dan harga jual rata-rata di hampir semua segmen
Bogasari’s total sales value declined by 5% to usahanya.
Rp30.41 trillion in 2023 from Rp31.88 trillion in 2022
mainly attributable to lower sales volumes. Total nilai penjualan Bogasari turun 5% menjadi
Rp30,41 triliun di tahun 2023 dari Rp31,88 triliun di
The Agribusiness Group recorded total sales of tahun 2022 yang terutama karena volume penjualan
Rp15.97 trillion in 2023, a decrease of 10% from yang lebih rendah.
Rp17.77 trillion in 2022, primarily due to lower ASP of
palm and EOF products. Grup Agribisnis membukukan total nilai penjualan
sebesar Rp15,97 triliun di tahun 2023, turun 10%
Total sales value of the Distribution Group increased dari Rp17,77 triliun di tahun 2022, terutama karena
by 12% to Rp6.96 trillion in 2023 from Rp6.23 trillion in penurunan harga jual rata-rata produk sawit dan EOF.
2022 due to an increase in Indofood Group and third-
party product sales. Total nilai penjualan Grup Distribusi meningkat 12%
menjadi Rp6,96 triliun di tahun 2023 dari Rp6,23 triliun
Gross Profit and Income from Operations (EBIT) di tahun 2022 karena kenaikan penjualan produk dari
The Company’s gross profit has increased by 6% Grup Indofood dan pihak ketiga.
to Rp36.05 trillion in 2023 from Rp33.97 trillion in Laba Bruto dan Laba Usaha (EBIT)
2022, and gross margin has expanded to 32.3% from
30.7% in the previous year due to lower input cost in Laba bruto meningkat 6% menjadi Rp36,05 triliun
relation to softer global commodity prices. di tahun 2023 dari Rp33,97 triliun di tahun 2022, dan
marjin laba bruto naik menjadi 32,3% dari 30,7% di
EBIT remained stable at around Rp19.66 trillion in tahun sebelumnya karena penurunan harga bahan
2023, while EBIT margin contracted slightly to 17.6% baku seiring dengan turunnya harga komoditas global.
from 17.8% in the previous year due to higher selling,
distribution and general & administrative expenses, EBIT relatif stabil di tahun 2023 di kisaran Rp19,66
as well as a foreign exchange loss recorded from triliun, sedangkan marjin EBIT sedikit mengalami
operating activities in 2023 compared to a foreign kontraksi menjadi 17,6% dari 17,8% di tahun
exchange gain in 2022. sebelumnya karena naiknya beban penjualan,
distribusi dan umum & administrasi, serta
Income for the Year membukukan rugi neto selisih kurs dari aktivitas
Income for the year was Rp11.49 trillion, an increase operasi di tahun 2023 sementara terdapat laba neto
of 25% from Rp9.19 trillion in 2022. After taking into selisih kurs di tahun 2022.
account non-controlling interests, income for the Laba Tahun Berjalan
year attributable to equity holders of the parent
entity increased 28% to Rp8.15 trillion from Rp6.36 Laba tahun berjalan mencapai Rp11,49 triliun, naik
trillion in 2022. Excluding non-recurring items and 25% dari Rp9,19 triliun di tahun 2022. Setelah
difference in foreign exchange, core profit increased memperhitungkan kepentingan nonpengendali,
8% to Rp9.78 trillion in 2023 as compared to Rp9.06 laba tahun berjalan yang dapat diatribusikan
trillion in 2022. kepada pemilik entitas induk naik 28% menjadi
Rp8,15 triliun dari Rp6,36 triliun di tahun 2022.
Tanpa memperhitungkan akun non-recurring dan
selisih kurs, core profit naik 8% menjadi Rp9,78
triliun di tahun 2023 dibandingkan Rp9,06 triliun di
tahun 2022.
2023 ANNUAL REPORT 31
Page 34
PT INDOFOOD SUKSES MAKMUR Tbk
Other Comprehensive Income or Losses and Penghasilan atau Rugi Komprehensif Lain dan
Total Comprehensive Income for the Year Total Laba Komprehensif Tahun Berjalan
The Company booked other comprehensive Perseroan membukukan rugi komprehensif lain
losses of Rp686.5 billion in 2023, compared with sebesar Rp686,5 miliar di tahun 2023, dibandingkan
other comprehensive income of Rp1.66 trillion in dengan penghasilan komprehensif lain sebesar
the previous year. The difference was mainly from Rp1,66 triliun di tahun sebelumnya. Perbedaan
exchange differences on translation of financial tersebut terutama berasal dari selisih kurs atas
statements. penjabaran laporan keuangan.
Hence, total comprehensive income for 2023 was Sehingga total laba komprehensif tahun berjalan di
Rp10.81 trillion, a slight decrease from Rp10.85 trillion tahun 2023 mencapai Rp10,81 triliun, sedikit turun
in the previous year. dari Rp10,85 triliun di tahun sebelumnya.
Statement of Financial Position Laporan Posisi Keuangan
Total Assets Total Aset
The Company’s total assets as of 31 December 2023 Total aset Perseroan pada tanggal 31 Desember 2023
were Rp186.59 trillion, an increase of 3% from mencapai Rp186,59 triliun, naik 3% dari Rp180,43
Rp180.43 trillion as of 31 December 2022. This triliun pada tanggal 31 Desember 2022. Total aset
consisted of total current assets and total non- pada akhir tahun 2023 terdiri dari total aset lancar
current assets of Rp63.10 trillion and Rp123.49 trillion sebesar Rp63,10 triliun dan total aset tidak lancar
respectively, compared to Rp54.88 trillion and sebesar Rp123,49 triliun, sedangkan di akhir tahun
Rp125.56 trillion at the end of 2022. The increase in 2022 masing-masing mencapai Rp54,88 triliun dan
total current assets was mainly due to higher cash and Rp125,56 triliun. Total aset lancar meningkat terutama
cash equivalents as well as short-term investments, disebabkan oleh lebih tingginya posisi kas dan setara
while the decrease in total non-current assets was kas serta investasi jangka pendek, sedangkan total
primarily attributed to a decrease in long-term aset tidak lancar turun terutama karena turunnya
investments mainly due to impairment loss of our investasi jangka panjang terutama disebabkan
investment in Nigeria. penurunan nilai atas investasi kami di Nigeria.
Total Liabilities Total Liabilitas
The Company booked total liabilities as of Perseroan membukukan total liabilitas pada tanggal
31 December 2023 of Rp86.12 trillion, a decrease 31 Desember 2023 sebesar Rp86,12 triliun, turun 1%
of 1% from Rp86.81 trillion as of 31 December 2022. dari Rp86,81 triliun pada tanggal 31 Desember 2022.
The total liabilities as at the end of 2023 consisted Total liabilitas pada akhir tahun 2023 terdiri dari
of total current liabilities of Rp32.91 trillion and total total liabilitas jangka pendek sebesar Rp32,91 triliun
non-current liabilities of Rp53.21 trillion, as compared dan total liabilitas jangka panjang sebesar Rp53,21
to Rp30.73 trillion and Rp56.08 trillion as at the end triliun, sedangkan di akhir tahun 2022 masing-
of 2022 respectively. The increase in total current masing mencapai Rp30,73 triliun dan Rp56,08 triliun.
liabilities was mainly attributable to the addition Kenaikan total liabilitas jangka pendek terutama
in short-term bank loans, while the decline in non- karena adanya penambahan utang bank jangka
current liabilities was due to lower long-term bank pendek, sedangkan turunnya total liabilitas jangka
loans and the decline in Rupiah value from ICBP’s US panjang karena turunnya utang bank jangka panjang
Dollar bonds as the Rupiah strengthened. dan turunnya nilai Rupiah dari Obligasi Dolar AS ICBP
seiring nilai tukar Rupiah yang menguat.
Total Equity
Total Ekuitas
As of 31 December 2023, total equity was Rp100.46
trillion compared to Rp93.62 trillion as of 31 December Pada tanggal 31 Desember 2023 total ekuitas
2022, mainly due to higher non-controlling interests mencapai Rp100,46 triliun dibandingkan dengan
and earnings generated during 2023 net of dividend Rp93,62 triliun pada tanggal 31 Desember 2022.
payment. Kenaikan ini terutama karena kenaikan kepentingan
nonpengendali dan laba yang dihasilkan di sepanjang
tahun 2023 dikurangi dengan pembayaran dividen.
32 LAPORAN TAHUNAN 2023
Page 35
Solvency Kemampuan Membayar Utang
The Company’s financial position continued to be Posisi keuangan Perseroan tetap sehat dengan total
healthy with the total funded debt decreasing to funded debt yang lebih rendah menjadi Rp64,46 triliun
Rp64.46 trillion from Rp66.06 trillion a year ago, mainly dari Rp66,06 triliun di akhir tahun 2022 terutama
due to the decrease in Rupiah value from the US Dollar disebabkan oleh turunnya nilai Rupiah dari Obligasi
bonds as a result of the Rupiah appreciation. Dolar AS seiring nilai tukar Rupiah yang menguat.
Gross debt to equity and net debt to equity ratios Rasio utang kotor terhadap ekuitas dan utang bersih
were 0.64 times and 0.36 times in 2023 compared terhadap ekuitas masing-masing adalah sebesar
to 0.71 times and 0.43 times in 2022 respectively. 0,64 kali dan 0,36 kali di tahun 2023, dibandingkan
The ratio of total liabilities to total equity was 0.86 dengan 0,71 kali dan 0,43 kali di tahun 2022. Rasio
times compared to 0.93 times in 2022 while interest total liabilitas terhadap total ekuitas sebesar 0,86
coverage ratio was 6.7 times in 2023 compared to kali dibandingkan dengan 0,93 kali di tahun 2022 dan
7.4 times in 2022. rasio interest coverage mencapai 6,7 kali di tahun
2023 dibandingkan dengan 7,4 kali di tahun 2022.
Collectibility
Kolektibilitas
Total trade accounts receivable net as of 31 December
2023 was Rp7.98 trillion, of which around 79% were Total piutang usaha neto pada tanggal 31 Desember
current. 2023 mencapai Rp7,98 triliun, dimana sekitar 79%
merupakan piutang usaha lancar.
Statement of Cash Flows
Laporan Arus Kas
The Company recorded net cash flow provided by
operating activities of Rp18.46 trillion in 2023, higher Perseroan mencatatkan arus kas neto yang diperoleh
than last year’s Rp13.62 trillion mainly due to an dari aktivitas operasi sebesar Rp18,46 triliun di
improvement in operational performance. tahun 2023, lebih tinggi dibandingkan dengan
Rp13,62 triliun di tahun sebelumnya terutama karena
The net cash flow used in investing activities was meningkatnya kinerja operasional.
Rp10.78 trillion in 2023 mainly for capital expenditure
and additional short-term investment, compared to Arus kas neto yang digunakan untuk aktivitas
Rp3.90 trillion in 2022. investasi adalah sebesar Rp10,78 triliun di tahun 2023
yang terutama digunakan untuk belanja modal dan
Net cash flow used in financing activities in 2023 was penambahan investasi jangka pendek, dibandingkan
Rp4.89 trillion, lower than previous year’s Rp14.33 dengan Rp3,90 triliun di tahun 2022.
trillion mainly attributable to payment of retention
amount in relation to PCL acquisition in 2022. Arus kas neto yang digunakan untuk aktivitas pendanaan
adalah sebesar Rp4,89 triliun di tahun 2023, lebih
Related Party Transactions rendah dibandingkan dengan Rp14,33 triliun di tahun
sebelumnya. Hal ini terutama disebabkan oleh adanya
In the normal course of business, the Company pembayaran retensi terkait akuisisi PCL di tahun 2022.
engages in trade and financial transactions with
certain related parties. The Company believes that
Transaksi dengan Pihak-Pihak yang Berelasi
transactions between PT Indofood Sukses Makmur
Tbk and its subsidiaries (the “Group”) with related Dalam kegiatan usaha normal, Perseroan melakukan
parties during 2023 were conducted fairly and on transaksi usaha dan keuangan dengan pihak-pihak
an arm’s length basis. The transactions with related berelasi tertentu. Perseroan meyakini bahwa berbagai
parties were as follows: transaksi antara PT Indofood Sukses Makmur Tbk dan
1. The Group sold finished goods to related parties. Entitas Anak (“Grup”) dengan pihak-pihak berelasi di
Sales to related parties accounted for about sepanjang tahun 2023 dilakukan secara umum dan
7.49% of the consolidated net sales for the year wajar (arm’s length basis and fair). Transaksi-transaksi
ended 31 December 2023. tersebut antara lain sebagai berikut:
1. Grup menjual barang jadi kepada pihak-pihak
berelasi. Penjualan kepada pihak-pihak berelasi
adalah sebesar 7,49% dari penjualan neto
konsolidasian untuk tahun yang berakhir pada
tanggal 31 Desember 2023.
2023 ANNUAL REPORT 33
Page 36
PT INDOFOOD SUKSES MAKMUR Tbk
2. The Group purchased inventories from related 2. Grup membeli persediaan dari pihak-pihak
parties. Purchases from related parties accounted berelasi. Pembelian dari pihak-pihak berelasi
for about 0.71% of the consolidated total cost of adalah sebesar 0,71% dari total beban pokok
goods sold for the year ended 31 December 2023. penjualan konsolidasian untuk tahun yang
3. The Group provided loans to officers and berakhir pada tanggal 31 Desember 2023.
employees subject to certain criteria and terms 3. Grup memberikan pinjaman kepada karyawan
depending on the level of the officer/employee. dan pegawai dengan kriteria dan syarat tertentu,
These loans to officers and employees are sesuai dengan jenjang kepegawaian. Pinjaman
collected through salary deductions. karyawan dan pegawai ini dilunasi dengan cara
4. Based on a distribution agreement between SIMP pemotongan gaji.
and Shanghai Resources International Trading Co. 4. Berdasarkan perjanjian distribusi antara SIMP
Ltd., China (SRIT), the latter was appointed as a dengan Shanghai Resources International Trading
distributor for the edible oil and fats products of Co. Ltd., China (SRIT), SRIT telah ditunjuk sebagai
the SIMP in China at selling prices that are revisited distributor bagi produk minyak dan lemak nabati
periodically referring to the market condition. The SIMP di wilayah Tiongkok pada harga jual yang
agreement is valid until 31 December 2022 and ditinjau secara periodik sesuai kondisi pasar
automatically extended up to 31 December 2025. dengan mempertimbangkan perkembangan
5. The Group entered into a supply agreement harga pasar. Perjanjian ini berlaku sampai dengan
with PT Fast Food Indonesia Tbk (FFI) whereby tanggal 31 Desember 2022 dan otomatis
the Group supplies, sells and delivers certain diperpanjang hingga tanggal 31 Desember 2025.
products to FFI subject to certain specifications 5. Grup mengadakan perjanjian supply dengan
as determined by FFI at the agreed prices. PT Fast Food Indonesia Tbk (FFI) dimana Grup
The agreement expired on several dates up to menyediakan, memasok dan menyerahkan
31 December 2022 and automatically extended produk-produk tertentu kepada FFI dengan
up to 31 December 2025. spesifikasi tertentu yang ditentukan oleh FFI
6. The Group entered into a supply agreement with dan dengan harga yang disepakati. Perjanjian
PT Nippon Indosari Corpindo Tbk (NIC) whereby tersebut berakhir pada beberapa tanggal
the Group supplies, sells and delivers certain hingga tanggal 31 Desember 2022 dan otomatis
products to NIC subject to certain specifications diperpanjang hingga tanggal 31 Desember 2025.
as determined by NIC at agreed prices. The 6. Grup mengadakan perjanjian supply dengan
agreement expired on 31 December 2022 and PT Nippon Indosari Corpindo Tbk (NIC) dimana
automatically extended up to 31 December 2025. Grup menyediakan, memasok dan menyerahkan
7. The amounts due to PT Gapura Usahatama produk-produk tertentu kepada NIC dengan
(GPU) and PT Purwa Wana Lestari (PWL), the non- spesifikasi tertentu yang ditentukan oleh NIC dan
controlling shareholders of PT Swadaya Bhakti dengan harga yang disepakati. Perjanjian ini
Negaramas (SBN), PT Mentari Subur Abadi (MSA) telah berakhir pada tanggal 31 Desember 2022
and PT Mega Citra Perdana (MCP), represent the dan otomatis diperpanjang hingga tanggal
unsecured loans (collateral-free) obtained by 31 Desember 2025.
SBN, MSA as well as MCP and its subsidiaries. The 7. Utang kepada PT Gapura Usahatama (GPU) dan
loans obtained from GPU and PWL bear interest PT Purwa Wana Lestari (PWL), pemegang saham
at commercial rates. nonpengendali PT Swadaya Bhakti Negaramas
8. The Group entered into human resources services (SBN), PT Mentari Subur Abadi (MSA) dan PT Mega
agreements with PT Sumberdaya Dian Mandiri Citra Perdana (MCP), merupakan pinjaman tanpa
(SDDM) and PT Primajasa Tunas Mandiri (PTM). jaminan (collateral-free) yang diperoleh SBN,
MSA serta MCP dan Entitas Anak. Pinjaman yang
9. The Group had rental agreements with
diperoleh dari GPU dan PWL dikenakan bunga
related parties.
pada tingkat suku bunga komersial.
8. Grup mengadakan perjanjian jasa tenaga kerja
dengan PT Sumberdaya Dian Mandiri (SDDM) dan
PT Primajasa Tunas Mandiri (PTM).
9. Grup memiliki perjanjian sewa ruangan dengan
pihak-pihak berelasi.
34 LAPORAN TAHUNAN 2023
Page 37
10. The Group acquired insurance policies obtained 10. Grup mempunyai polis asuransi yang diperoleh
from PT Asuransi Central Asia (ACA) with the dari PT Asuransi Central Asia (ACA) dan yang
assistance of PT Indosurance Broker Utama (IBU) diperoleh melalui perantaraan PT Indosurance
covering portions of its inventories, plantations, Broker Utama (IBU) meliputi asuransi untuk
fixed assets and marine cargo. The Group also persediaan, tanaman perkebunan, aset tetap,
has life insurance policies obtained from PT A.J. dan kargo laut. Grup juga mempunyai polis
Central Asia Raya (CAR). asuransi jiwa yang diperoleh dari PT A.J. Central
Asia Raya (CAR).
Related Parties Nature of Relationship
Pihak Berelasi Sifat Hubungan
SIMP & Subsidiaries, ICBP & Subsidiaries Subsidiaries
Entitas anak
ACA, IBU, CAR, FFI, SDDM, PTM, SRIT, NIC, GPU and PWL Affiliates
Entitas afiliasi
Capital Expenditure Commitments Komitmen Belanja Modal
The Group has various contracts to acquire fixed Grup Indofood memiliki berbagai kontrak untuk
assets and development of plantations totaling memperoleh aset tetap dan pengembangan
US$44.89 million, Rp2.32 trillion, JPY3.24 billion, tanaman perkebunan senilai US$44,89 juta, Rp2,32
SGD1.17 million, EUR32.05 million, THB1.98 million and triliun, JPY3,24 miliar, SGD1,17 juta, EUR32,05 juta,
SAR3.48 million. THB1,98 juta dan SAR3,48 juta.
As of 31 December 2023, the amounts realized from Pada tanggal 31 Desember 2023, jumlah yang
these contracts were US$26.97 million, Rp1.42 trillion, direalisasi dari nilai kontrak di atas adalah sebesar
JPY2.56 billion, SGD727 thousand, EUR25.56 million US$26,97 juta, Rp1,42 triliun, JPY2,56 miliar, SGD727
and SAR1.20 million. ribu, EUR25,56 juta dan SAR1,20 juta.
Capital Structure and Liquidity Struktur Modal dan Likuiditas
As at 31 December 2023, the Company’s cash and Pada tanggal 31 Desember 2023, saldo kas dan
cash equivalent increased to Rp28.58 trillion from setara kas Perseroan mencapai Rp28,58 triliun, naik
Rp25.95 trillion in the previous year. Current ratio in dari sebesar Rp25,95 triliun di tahun sebelumnya.
2023 was 1.92 times compared to 1.79 times in 2022. Rasio lancar di tahun 2023 adalah sebesar 1,92 kali
dibandingkan dengan 1,79 kali di tahun 2022.
The Company considers total equity as its capital.
The primary objective of its capital management Perseroan menjadikan total ekuitas sebagai modal
strategy is to ensure healthy capital ratios in order perusahaan. Tujuan utama pengelolaan modal
to support its business and maximize shareholders’ Perseroan adalah untuk memastikan pemeliharaan
value. The Company manages its capital structure rasio modal yang sehat untuk mendukung usaha dan
and makes adjustment, if necessary, in accordance memaksimalkan imbalan bagi pemegang saham.
with changes in economic conditions. Perseroan senantiasa berupaya untuk memelihara dan
melakukan penyesuaian struktur permodalan, apabila
Dividend and Market Capitalization diperlukan, sesuai dengan perubahan kondisi ekonomi.
Under Indonesian law and the Company’s Articles Dividen dan Kapitalisasi Pasar
of Association, a portion of the Company’s net
profit can be distributed to the shareholders after Sesuai peraturan perundang-undangan di Indonesia
allocating a reserve fund as required by the law. dan Anggaran Dasar Perseroan, laba neto Perseroan
Each year, the payment of a final dividend must be dapat dibagikan kepada pemegang saham sebagai
approved by the shareholders at the annual general dividen setelah dilakukannya penyisihan dana
cadangan wajib yang dipersyaratkan oleh undang-
undang. Setiap tahun, pembagian dividen harus
disetujui oleh pemegang saham dalam rapat
2023 ANNUAL REPORT 35
Page 38
PT INDOFOOD SUKSES MAKMUR Tbk
meeting of shareholders upon the recommendation umum pemegang saham tahunan berdasarkan
of the BOD. rekomendasi Direksi Perseroan.
The amount to be paid as final dividend will depend Penentuan jumlah dan pembayaran dividen tersebut
on several factors such as: akan tergantung pada beberapa faktor, antara lain:
a. Cash position of the Company and its a. Kemampuan kas Perseroan dan entitas anak
subsidiaries for that particular financial year, pada tahun buku yang bersangkutan,
b. Operating and financial results of the Company, b. Hasil operasi dan kondisi keuangan Perseroan,
c. Profit and/or dividend payment from subsidiaries c. Keuntungan Perseroan dan/atau pembagian
received by the Company, dividen yang diterima Perseroan dari entitas
d. Future investment plans of the Company and/or anak,
its subsidiaries, d. Rencana investasi Perseroan dan/atau entitas
e. Future business prospects of the Company, and anak di masa mendatang,
f. Any other factors considered relevant by the e. Prospek usaha Perseroan di masa mendatang,
Company’s BOD. dan
f. Hal-hal lain yang dipandang relevan oleh Direksi
According to the decision of the shareholders at the Perseroan.
Company’s AGM on 23 June 2023, a total dividend of
Rp2.26 trillion or Rp257 per share, representing around Berdasarkan keputusan dalam RUPST Perseroan
35% dividend payout was declared, and distributed yang diselenggarakan pada tanggal 23 Juni 2023,
to the shareholders on 26 July 2023. The dividend total dividen sebesar Rp2,26 triliun atau Rp257 per
payment for the financial year 2022 was lower than lembar saham yang mewakili sekitar 35% dividend
the previous year, in which Rp2.44 trillion or Rp278 per payout telah ditetapkan, dan dibayarkan kepada
share, representing around 32% dividend payout was para pemegang saham pada tanggal 26 Juli 2023.
distributed to the shareholders on 24 August 2022. Pembayaran dividen untuk tahun buku 2022 tersebut
lebih rendah dibandingkan pembayaran untuk tahun
As at 31 December 2023, the Company’s market
buku sebelumnya dimana Perseroan membayarkan
capitalization was valued at Rp56.63 trillion.
Rp2,44 triliun atau Rp278 per lembar saham, yang
mewakili sekitar 32% dividend payout, kepada para
Accounting Policy and Additional pemegang saham pada tanggal 24 Agustus 2022.
Financial Information
Nilai kapitalisasi pasar Perseroan pada tanggal
The consolidated financial statements have been 31 Desember 2023 mencapai Rp56,63 triliun.
prepared in accordance with the Indonesian Financial
Accounting Standards (SAK), which comprise
Kebijakan Akuntasi dan Informasi
the Statements and Interpretations issued by the
Keuangan Tambahan
Board of Financial Accounting Standards of the
Indonesian Institute of Accountants, and Regulation Laporan keuangan konsolidasian telah disusun sesuai
Number VIII.G.7 of Guidelines of Financial Statement dengan Standar Akuntansi Keuangan di Indonesia
Presentation and Disclosures issued by the Financial (SAK), yang mencakup Pernyataan dan Interpretasi
Services Authority (OJK). yang dikeluarkan oleh Dewan Standar Akuntansi
Keuangan Ikatan Akuntan Indonesia dan Peraturan
The consolidated financial statements, except for
Nomor VIII.G.7 tentang Pedoman Penyajian serta
the consolidated statement of cash flows, have been
Pengungkapan Laporan Keuangan yang diterbitkan
prepared on the accrual basis, using the historical
oleh Otoritas Jasa Keuangan (OJK).
cost concept of accounting, except as disclosed
in the relevant notes to the consolidated financial Laporan keuangan konsolidasian, kecuali laporan arus
statements herein. kas konsolidasian, telah disusun berdasarkan konsep
akrual dengan menggunakan konsep biaya historis,
The consolidated statement of cash flows, which was
kecuali seperti yang disebutkan dalam catatan atas
prepared using the direct method, presents receipts
laporan keuangan konsolidasian yang relevan.
and disbursements of cash and cash equivalents
classified into operating, investing and financing Laporan arus kas konsolidasian yang disajikan
activities. dengan menggunakan metode langsung, menyajikan
penerimaan dan pengeluaran kas dan setara kas yang
diklasifikasikan sebagai aktivitas operasi, investasi
dan pendanaan.
36 LAPORAN TAHUNAN 2023
Page 39
The presentation currency used in the preparation of Mata uang penyajian yang digunakan dalam
the consolidated financial statements is the Rupiah, penyusunan laporan keuangan konsolidasian adalah
which is the functional currency of the Company and Rupiah, yang merupakan mata uang fungsional
all subsidiaries in Indonesia. Each entity in the Group Perseroan dan seluruh entitas anak di Indonesia.
determines its own functional currency and measures Tiap entitas dalam Grup menentukan mata uang
its transactions in its respective functional currency. fungsionalnya masing-masing dan mengukur
transaksinya dalam mata uang fungsional tersebut.
Update of Accounting Standards and
Other Regulations Pemutakhiran Standar Akuntansi dan
Ketentuan Lainnya
On 1 January 2023, the Company adopted certain
new and revised Statements of Financial Accounting Pada tanggal 1 Januari 2023, Perseroan menerapkan
Standards (PSAK) that have affected the consolidated beberapa Pernyataan Standar Akuntansi Keuangan
financial statements of the Group. (PSAK) baru dan revisi yang mempengaruhi laporan
keuangan konsolidasian Grup.
The following standards were issued and effective in
2023, but did not result in a significant effect on the Standar berikut telah diterbitkan dan efektif pada
consolidated financial statements of the Group: tahun buku 2023, namun dampaknya tidak signifikan
• Amendments to PSAK 16: Fixed Assets – terhadap laporan keuangan konsolidasian Grup:
Proceeds before Intended Use • Amandemen PSAK 16: Aset Tetap – Hasil sebelum
• Amendments to PSAK 1: Presentation of Financial Penggunaan yang Diintensikan
Statements – Classification of a Liability as • Amandemen PSAK 1: Penyajian Laporan
Current or Non-Current Keuangan Tentang Klasifikasi Liabilitas sebagai
• Amendments of PSAK 1: Presentation of Financial Jangka Pendek atau Jangka Panjang
Statements – Disclosure of Accounting Policies • Amandemen PSAK 1: Penyajian Laporan Keuangan
• Amendments of PSAK 25: Accounting Policies, Tentang Pengungkapan Kebijakan Akutansi
Changes in Accounting Estimates and Errors – • Amandemen PSAK 25: Kebijakan Akuntansi,
Definition of Accounting Estimates Perubahan Estimasi Akuntansi, dan Kesalahan
• Amendments of PSAK 46: Income Taxes – Terkait Definisi Estimasi Akuntansi
Deffered Tax related to Asset and Liabilities • Amandemen PSAK 46: Pajak Penghasilan Tentang
arising from a Single Transaction Pajak Tangguhan Terkait Aset dan Liabilitas yang
Timbul dari Transaksi Tunggal
2024 Outlook
Pandangan 2024
Looking ahead to 2024, Indonesia’s economy is
projected to continue its steady growth, with an Memasuki tahun 2024, perekonomian Indonesia
expected GDP increase of around 5% driven by diperkirakan masih akan tetap kuat dengan
household consumption and government spending. pertumbuhan PDB sekitar 5% yang terutama didorong
Despite Indonesia’s resilience, it will remain oleh konsumsi rumah tangga dan belanja pemerintah.
susceptible to global dynamics. Therefore, we will Terlepas dari ketangguhan perekonomian Indonesia,
continue to monitor the development of the global kondisi tersebut masih akan dipengaruhi dinamika
market and macro conditions which could impact yang terjadi di dunia. Oleh karena itu, kami akan
Indonesia’s economic growth, commodity prices terus memantau perkembangan pasar global dan
and exchange rate volatility. kondisi makroekonomi yang dapat mempengaruhi
pertumbuhan ekonomi Indonesia, volatilitas harga
In 2024, the Company expects to achieve mid single- komoditas dan nilai tukar.
digit growth in consolidated net sales, subject to
prices of commodities, particularly CPO and wheat. Di tahun 2024, Perseroan mengharapkan
The sales improvement is expected to flow through pertumbuhan penjualan neto konsolidasi sebesar
to the operating profit. mid single-digit, namun bergantung pada harga
komoditas seperti CPO dan gandum. Proyeksi
kenaikan penjualan tersebut diharapkan juga akan
meningkatkan laba usaha Perseroan.
2023 ANNUAL REPORT 37
Page 40
PT INDOFOOD SUKSES MAKMUR Tbk
OPERATIONAL REVIEW
ULASAN KINERJA OPERASIONAL
CONSUMER BRANDED PRODUCTS
PRODUK KONSUMEN BERMEREK
38 LAPORAN TAHUNAN 2023
Page 41
OV E RV I EW
The CBP Group is operated by ICBP,
an Indofood subsidiary listed on the IDX.
The Group produces and markets a diverse
range of consumer branded products at
different price points that provide convenient
solutions for consumers throughout their
life journey. Many of its product brands are
market leaders with strong brand equity.
These products command top-of-mind
status in their respective categories, having
gained the trust and loyalty of millions of
consumers for decades.
GA MBA RAN UMUM
Kegiatan operasional Grup CBP
dijalankan oleh ICBP, anak perusahaan
Indofood yang sahamnya tercatat
di BEI. Grup CBP memproduksi dan
memasarkan beragam produk konsumen
bermerek dalam berbagai harga
yang menawarkan solusi praktis bagi
konsumen di segala usia. Sebagian
besar merek-merek produk Grup CBP
merupakan pemimpin pasar dengan
brand equity yang kuat. Merek-merek
produk ini memiliki status top-of-mind
di masing-masing kategori produknya,
serta telah meraih kepercayaan dan
loyalitas dari jutaan konsumen selama
beberapa dekade.
2023 ANNUAL REPORT 39
Page 42
PT INDOFOOD SUKSES MAKMUR Tbk
The CBP Group comprises six divisions:
Noodles The Noodles Division is one of the world’s largest instant noodles manufacturers, and the
market leader in Indonesia, Egypt, Morocco, Nigeria, Saudi Arabia and Türkiye, among others.
Mi Instan Operating more than 30 factories across Indonesia, Malaysia, the Middle East, Africa and
Southeastern Europe, the Division has a total annual production capacity of 36 billion packs
of instant noodles. The instant noodles products are world-renowned for their excellent
quality and great taste, and are produced in various brands and formats that serve different
market segments with different price points. Indomie, the flagship brand, is globally
recognized. Its key accolades in 2023 included the “Most Chosen Instant Noodle Brand in
the World” and the “Most Chosen FMCG Brand” in Indonesia by Kantar; as well as the “WOW
Brand 2023 Gold Champion in the Pouch Noodle Category” by Mark Plus Inc. Supermi, Sarimi
and Sakura are also household brands in the bag noodles category, complementing Indomie
in different market segments. Pop Mie and Indomie Cup are market leaders in the cup
noodles category, while egg noodles are produced under the brand of Mie Telur Cap 3 Ayam.
Dairy The Dairy Division is operated by PT Indolakto, an ICBP subsidiary and one of Indonesia’s
leading dairy producers with a broad range of products, including ultra-high temperature
Dairy (UHT) milk, sterilized bottled milk, sterilized can milk, sweetened condensed creamer (SCC),
evaporated milk, pasteurized liquid milk, milk-flavored drinks, powdered milk, ice cream and
butter. The Division is recognized for its distinguished brands and quality products. The milk
products are marketed under well-established household brands like Indomilk, Cap Enaak,
Tiga Sapi, Indomilk Kids and Milkuat. The ice cream and butter products are sold under the
Indofood Ice Cream and Orchid Butter brands, respectively.
Snack Foods The Snack Foods Division is managed by PT Indofood Fortuna Makmur (IFM), an ICBP
subsidiary. The Division produces a wide range of modern-style and contemporized
Makanan traditional snacks made from potato, cassava, corn and soybean, as well as extruded
Ringan snacks. These snacks are marketed under the brands of Chitato, Chitato Lite, Qtela, Chiki
(Balls, Twist, Puff and Net), Maxicorn and Jetz. Chitato and Qtela are both flagship brands
with strong track record and established market presence. Chitato is the #1 potato chips
brand in Indonesia, while Qtela is the #1 traditional snacks brand.
Food Seasonings The Food Seasonings Division is one of Indonesia’s leading culinary products manufacturers.
It produces a wide range of culinary products, including recipe mixes, seasoning flour, soy
Penyedap sauce, chili sauce, tomato sauce and stock soup under the Indofood and Indofood Racik
Makanan brands. The Division also produces cordial syrups under the Indofood Freiss brand.
Nutrition & The Nutrition & Special Foods Division is a leading player in Indonesia’s baby food industry.
It produces a wide range of nutritionally balanced specialty foods that adhere to the
Special Foods
highest international food safety standards for diverse consumers at different price
Nutrisi & points. Its products include baby cereals, baby snacks (rice puffs, crunchies, biscuits and
Makanan puddings), noodles and pastas for infants and toddlers; cereal-based snacks for children;
Khusus cereal powdered drinks for family; and milk products for expectant and lactating mothers.
These are marketed under the Promina, SUN, Govit, GoWell and SUN Ibu brands to target
consumers across different market segments.
Beverages The Beverages Division is run by PT Anugerah Indofood Barokah Makmur (AIBM), a subsidiary
of ICBP. It produces a range of beverage products, including ready-to-drink (RTD) teas,
Minuman packaged water and fruit-flavored drinks, which are marketed under the Ichi Ocha, Club and
Fruitamin brands.
The six divisions are supported by the Packaging Division, which produces flexible and corrugated packaging
for the Indofood Group as well as third-party clients. It is integral to Indofood’s Total Food Solutions, as food
packaging ensures the quality and safety of Indofood products as they are moved across the supply chain to
consumers around the world.
40 LAPORAN TAHUNAN 2023
Page 43
Kegiatan operasional Grup CBP mencakup enam divisi, yaitu:
Divisi Mi Instan merupakan salah satu produsen mi instan terbesar di dunia dan menjadi pemimpin pasar antara lain di
Indonesia, Mesir, Maroko, Nigeria, Arab Saudi dan Türkiye. Dengan mengoperasikan lebih dari 30 pabrik di Indonesia,
Malaysia, Timur Tengah, Afrika dan Eropa Tenggara, Divisi ini memiliki total kapasitas produksi sebesar 36 miliar bungkus
setiap tahunnya. Produk-produk mi instan kami telah dikenal luas di seluruh dunia karena kualitas dan cita rasanya
yang tinggi, serta diproduksi dalam berbagai pilihan merek dan format yang melayani berbagai segmen pasar dengan
harga yang berbeda-beda. Indomie, merek unggulan kami, telah dikenal di seluruh dunia. Penghargaan di tahun 2023
meliputi "Most Chosen Instant Noodle Brand in the World" dan "Most Chosen FMCG Brand" di Indonesia dari Kantar; dan
penghargaan “WOW Brand 2023 Gold Champion in the Pouch Noodle Category” dari Mark Plus Inc. Supermi, Sarimi dan
Sakura juga merupakan merek-merek yang sudah dikenal di kategori bag noodles, melengkapi Indomie di berbagai
segmen pasar. Pop Mie dan Indomie Cup merupakan pemimpin pasar untuk kategori cup noodles, sedangkan produk mi
telur diproduksi dengan merek Mie Telur Cap 3 Ayam.
Divisi Dairy dijalankan oleh PT Indolakto, anak perusahaan ICBP dan salah satu produsen produk dairy terkemuka di Indonesia
dengan beragam pilihan produk, termasuk susu ultra-high temperature (UHT), susu steril dalam botol, susu steril dalam kaleng,
krimer kental manis (sweetened condensed creamer atau SCC), evaporated milk, susu pasteurisasi, minuman mengandung
susu, susu bubuk, es krim dan mentega. Divisi ini dikenal karena merek-merek serta kualitas produknya. Produk-produk
susu ini dipasarkan dengan merek yang sudah dikenal baik oleh keluarga Indonesia seperti Indomilk, Cap Enaak, Tiga Sapi,
Indomilk Kids dan Milkuat. Produk es krim dan mentega masing-masing dipasarkan dengan merek Indofood Ice Cream dan
Orchid Butter.
Divisi Makanan Ringan dikelola oleh PT Indofood Fortuna Makmur (IFM), anak perusahaan ICBP. Divisi ini memproduksi
berbagai produk makanan ringan modern dan makanan ringan tradisional yang dimodernisasi berbahan dasar kentang,
singkong, jagung dan kedelai serta produk extruded snack. Produk-produk makanan ringan ini dipasarkan dengan
menggunakan merek Chitato, Chitato Lite, Qtela, Chiki (Balls, Twist, Puff dan Net), Maxicorn dan Jetz. Chitato dan Qtela
adalah merek-merek unggulan dengan reputasi yang telah terbangun kuat dan kehadiran pasar yang sudah mapan.
Chitato merupakan merek keripik kentang #1 di Indonesia sedangkan Qtela adalah merek makanan ringan tradisional #1.
Divisi Penyedap Makanan merupakan salah satu produsen produk kuliner terkemuka di Indonesia. Divisi ini memproduksi
beragam produk kuliner, termasuk recipe mixes, tepung bumbu, kecap manis, saus sambal, saus tomat dan stock soup
yang dipasarkan dengan merek Indofood dan Indofood Racik. Divisi ini juga memproduksi produk sirup dengan merek
Indofood Freiss.
Divisi Nutrisi & Makanan Khusus merupakan produsen makanan bayi terkemuka di Indonesia. Divisi ini memproduksi
beragam pilihan makanan khusus dengan kandungan nutrisi seimbang yang memenuhi standar keamanan pangan
internasional tertinggi bagi setiap target konsumen dalam berbagai pilihan harga. Produk-produknya meliputi bubur
bayi; makanan ringan bayi (rice puffs, crunchies, biskuit dan puding), mi dan pasta untuk bayi dan balita; cereal-based
snack untuk anak-anak; cereal powdered drinks untuk seluruh keluarga; serta produk-produk susu bagi ibu hamil dan
menyusui. Produk-produk ini dipasarkan dengan berbagai merek seperti Promina, SUN, Govit, GoWell dan SUN Ibu
dengan target konsumen dari berbagai segmen pasar.
Divisi Minuman dijalankan oleh PT Anugerah Indofood Barokah Makmur (AIBM), anak perusahaan ICBP. Divisi ini memproduksi
beragam produk minuman, termasuk minuman teh siap minum, AMDK dan minuman rasa buah yang dipasarkan dengan merek
Ichi Ocha, Club dan Fruitamin.
Ke enam divisi ini didukung oleh Divisi Kemasan, yang memproduksi kemasan fleksibel dan kemasan karton untuk
Grup Indofood serta para pelanggan pihak ketiga. Divisi Kemasan memegang peranan penting dalam konsep Total
Food Solutions Indofood, karena kemasan makanan menjamin kualitas dan keamanan produk-produk Indofood
saat diangkut melintasi rantai pasokan ke konsumen di seluruh penjuru dunia.
2023 ANNUAL REPORT 41
Page 44
PT INDOFOOD SUKSES MAKMUR Tbk
2023 Review Ulasan Kinerja 2023
2023 was a significant year for FMCG players in Tahun 2023 merupakan tahun yang penting bagi
Indonesia. Despite geopolitical tensions and global para pemain di sektor FMCG Indonesia. Di tengah
challenges, Indonesia’s resilient economy and rising ketegangan politik dan berbagai tantangan
domestic household consumption propelled growth global, ketangguhan perekonomian Indonesia dan
in the consumer goods sector. While general inflation naiknya konsumsi rumah tangga domestik terus
impacted the purchasing power of lower-income mendukung pertumbuhan sektor FMCG. Meskipun
households, the CBP Group adeptly manoeuvred kondisi inflasi telah memberi dampak pada daya
market dynamics to secure both revenue and beli masyarakat berpenghasilan rendah, Grup CBP
profitability growth. Capitalizing on this momentum, berhasil menyesuaikan diri di tengah dinamika pasar
CBP Group’s total sales value rose by 5% to Rp68.60 dan mampu memberikan pertumbuhan penjualan
trillion in 2023, driven by higher volumes and ASP. dan profitabilitas. Dengan keberhasilan tersebut,
The EBIT margin improved to 21.5% mainly due to total nilai penjualan Grup CBP tumbuh 5% mencapai
the moderation of commodity prices throughout Rp68,60 triliun di tahun 2023, didorong oleh kenaikan
the year and continuous improvement in operational volume penjualan dan harga jual rata-rata. Marjin EBIT
efficiencies. This marked the 13th consecutive year membaik menjadi 21,5%, terutama didukung oleh
since its listing that ICBP’s revenue and profitability turunnya harga berbagai komoditas di sepanjang
grew year on year, underpinning ICBP’s continued tahun 2023 dan meningkatnya efisiensi operasional
growth and profitability. secara berkelanjutan. Hal ini menandai keberhasilan
ICBP untuk terus meningkatkan pendapatan dan
Key to ICBP’s success was its focus on delivering profitabilitas selama 13 tahun berturut-turut sejak
affordable and accessible everyday food solutions. dilakukannya pencatatan saham ICBP di bursa.
The emphasis was on enhancing the visibility and
appeal of its diverse offerings, covering various Kunci keberhasilan ICBP terletak pada fokusnya
brands and formats at different price points. To dalam menyediakan solusi makanan sehari-hari
sustain ICBP’s leadership in the F&B sector, targeted dengan harga yang terjangkau dan mudah didapat.
engagement initiatives and innovative products were Upaya untuk meningkatkan visibilitas dan daya tarik
developed to boost brand relevance, awareness and produknya yang beragam mencakup berbagai merek
loyalty. These strategies strengthened ICBP’s market dan format serta pilihan harga, menjadi faktor yang
share in several product categories. penting. Guna mempertahankan kepemimpinan
di sektor makanan & minuman, berbagai inisiatif
engagement yang terarah dan inovasi produk telah
dikembangkan untuk meningkatkan relevansi merek,
brand awareness dan loyalitas. Strategi ini berhasil
memperkuat pangsa pasar ICBP di beberapa
kategori produk.
42 LAPORAN TAHUNAN 2023
Page 45
The Noodles Division expanded its domestic market
share in 2023 and leveraged the Indomie brand to
maintain its leading position abroad. Buoyed by
higher volumes and ASP, total sales value grew by 6%
to Rp50.44 trillion. EBIT margin increased to a record
25.7% due mainly to previous year’s price increases
and lower raw material prices.
Bag noodles remained the Division’s largest
category, and performance was maintained through
new products and flavors, notably the Indomie
Ramen Series in Indonesia. The Series’ affordable
pricing and distinctive Ramen flavors enabled us
to capture the #1 position in Indonesia’s premium
instant bag noodles segment in its first year of launch.
Divisi Mi Instan berhasil meningkatkan pangsa
Following the success of the Indomie Ramen series,
pasarnya di Indonesia di tahun 2023, serta
Pop Mie collaborated with Indomie to introduce the
mempertahankan keunggulannya di luar Indonesia
Tori Miso variant in a cup noodle format to diversify
dengan kekuatan merek Indomie. Didukung oleh
our range of international flavors. We also introduced
pertumbuhan volume penjualan dan kenaikan
the Indomie Gourmet Spicy Series in selected
harga jual rata-rata, total nilai penjualan tumbuh
overseas markets to capture growing demand for
6% mencapai sekitar Rp50,44 triliun. Marjin EBIT
spicy flavors.
mencapai rekor tertingginya menjadi 25,7%,
terutama karena dampak kenaikan harga di tahun
sebelumnya dan lebih rendahnya harga bahan baku.
Bag noodles tetap menjadi kategori terbesar bagi
Divisi Mi Instan, dimana kinerjanya dapat terus
dipertahankan melalui beragam produk dan pilihan
rasa baru, seperti hadirnya Indomie Ramen Series di
Indonesia. Dengan harga yang terjangkau dan pilihan
rasa Ramen yang unik, tahun pertama peluncuran
produk ini berhasil menempatkan kami di posisi #1
di segmen mi instan premium dalam kemasan bag
di Indonesia. Menyusul kesuksesan peluncuran
Indomie seri Ramen, Pop Mie berkolaborasi dengan
Indomie untuk menghadirkan varian Tori Miso dalam
kemasan cup guna meningkatkan ragam pilihan
rasa internasional. Selain itu, kami juga meluncurkan
Indomie Gourmet Spicy Series di beberapa pasar luar
negeri untuk menangkap pertumbuhan permintaan
atas makanan dengan cita rasa pedas.
2023 ANNUAL REPORT 43
Page 46
PT INDOFOOD SUKSES MAKMUR Tbk
Divisi Mi Instan secara konsisten terus melakukan
kegiatan pemasaran above-the-line (ATL) dan below-
the-line (BTL) yang terintegrasi guna meningkatkan
brand equity dan brand loyalty yang kuat untuk
semua merek-merek utamanya. Penayangan iklan,
baik di TV maupun beragam platform media sosial,
ditujukan untuk mempertahankan brand awareness
yang tinggi serta meningkatkan relevansi merek
dengan target konsumennya yang beragam. Salah
satu contoh kegiatan BTL kami adalah Indomie Yatai
yang merupakan aktivasi merek untuk mendukung
peluncuran Indomie seri Ramen dengan memberikan
pengalaman unik menikmati hidangan Indomie
Ramen di kedai kaki lima ala Jepang. Divisi Mi Instan
juga melaksanakan berbagai kegiatan promosi,
seperti pemberian sponsor dan berbagai aktivasi
di acara Formula 1 dan MotoGP di Australia, serta
branding melalui berbagai media termasuk trem dan
replika 3D berbentuk cup noodle di Türkiye. Melalui
We consistently implemented marketing strategies kampanye serial video, kami mendorong konsumsi
to strengthen brand equity and loyalty for our main rumah tangga di Arab Saudi untuk memasukkan
brands. These efforts included integrated above- Indomie ke dalam menu Ramadhan mereka.
the-line (ATL) and below-the-line (BTL) activities. We
Seluruh kegiatan pemasaran didukung oleh strategi
continued airing focused advertisements both on
penjualan dan distribusi yang komprehensif, untuk
TV and various social media platforms to maintain
memastikan ketersediaan produk di area perkotaan
brand awareness and increase brand relevance
maupun pedesaan di Indonesia dan negara lainnya.
with our diverse target consumers. One notable BTL
Untuk meningkatkan penetrasi pasar dan konsumsi
initiative was the Indomie Yatai campaign, created to
di Mesir, kami mendorong minat kewirausahaan
support the launch of the Indomie Ramen series by
masyarakat lokal melalui konsep kios makan yang
offering consumers an immersive dining experience
menyediakan beragam menu Indomie.
reminiscent of Japanese street food stalls. The
Division also engaged in promotional activities such
as sponsorships and activations during Formula 1 and
MotoGP events in Australia, as well as a prominent
Indomie-branded tram and an outdoor 3D Indomie
cup replica in Türkiye to elevate brand awareness
and product consumption. Through a series of
video campaigns, we encouraged households
in Saudi Arabia to include Indomie as part of their
Ramadhan menu.
All the marketing activities were backed by
comprehensive sales and distribution strategies,
to ensure product availability in urban and rural
areas both in Indonesia and overseas. To increase
market penetration and consumption in Egypt, we
encouraged local entrepreneurship by supporting
food stalls serving selections of Indomie.
44 LAPORAN TAHUNAN 2023
Page 47
We continued to bolster manufacturing capabilities,
improve productivity and operational efficiency.
Efforts included optimizing the workload of our
mixer machine operator by utilizing a silo system, and
modifying our mixer machines to automate the flour
handling and mixing process. This initiative led to one
of our noodles factories receiving the Gold Award at
the International Convention of Quality Control Circle
in China. We also implemented an automatic data
retrieval system for accurate parameter generation.
We increased our production capacity by 5% to
Kami terus meningkatkan kemampuan manufaktur,
around 36 billion packs of noodles a year, primarily
produktivitas dan efisiensi operasional, termasuk
contributed by our overseas factories, to meet rising
optimalisasi beban kerja operator mesin mixing
demand in both domestic and overseas markets.
melalui otomatisasi proses penanganan tepung
The Dairy Division faced challenges arising from terigu dan proses pencampuran dengan
weaker purchasing power from lower-income memanfaatkan sistem silo dan modifikasi mesin
consumers. As a result, the Division’s total sales value pencampuran. Melalui inisiatif ini, salah satu pabrik
decreased by 3% to Rp9.13 trillion in 2023, despite mi instan kami berhasil meraih penghargaan Gold
year-on-year improvements in value growth in the Award dalam acara International Convention of
second half. Nonetheless, there was an expansion in Quality Control Circle di Tiongkok. Selain itu, kami
the EBIT margin, driven by price increases, lower raw juga menerapkan sistem pengambilan data secara
material cost and enhanced overhead cost control. otomatis guna mendapatkan parameter yang akurat.
Kami meningkatkan kapasitas produksi sebesar
As one of the leading dairy producers, Dairy Division 5% menjadi sekitar 36 miliar bungkus per tahunnya,
continued to innovate, launching new products to dimana penambahan tersebut terutama berasal dari
expand our liquid milk range. Riding on the popularity pabrik-pabrik di luar Indonesia. Kenaikan kapasitas
of a famous K-pop concert in Jakarta, we introduced ini akan membantu kami untuk melayani baik pasar
a limited-edition Indomilk UHT Milk in Black Latte domestik maupun luar negeri dengan lebih baik.
and Pink Blossom flavors, along with two exciting
flavors of sterilized milk in can format. Strengthening Divisi Dairy menghadapi berbagai tantangan
our position in the SCC pouch category, we di tengah melemahnya daya beli terutama dari
launched SCC Cap Enaak in pouch format, offering konsumen yang berpenghasilan rendah. Oleh karena
itu, total nilai penjualan turun 3% menjadi sekitar
Rp9,13 triliun di tahun 2023, meskipun mengalami
perbaikan di semester kedua dengan adanya
pertumbuhan nilai penjualan dibandingkan tahun lalu.
Namun demikian, marjin EBIT membaik didorong oleh
kenaikan harga, lebih rendahnya harga bahan baku,
dan pengendalian biaya overhead yang lebih baik.
Sebagai salah satu produsen dairy yang terkemuka,
Divisi Dairy terus berinovasi dengan meluncurkan
beberapa produk baru untuk melengkapi
penawarannya di kategori susu cair. Dengan
memanfaatkan momentum penyelenggaraan
konser salah satu grup K-pop terkenal di Jakarta,
kami meluncurkan produk Susu UHT Indomilk edisi
terbatas dengan rasa Black Latte dan Pink Blossom.
Kami juga memperkenalkan produk susu steril dalam
kaleng yang tersedia dalam dua pilhan rasa yang
menarik. Untuk memperkuat posisi kami di kategori
kemasan pouch, kami melakukan peluncuran krimer
kental manis Cap Enaak dalam format pouch yang
2023 ANNUAL REPORT 45
Page 48
PT INDOFOOD SUKSES MAKMUR Tbk
an enhanced value proposition, while also more dikenal karena harganya yang ekonomis dengan
convenient and hygienic. Ice creams remained kemasan yang praktis dan higienis. Es krim tetap
highly popular, and the sale of a fusion Choc Rocks menjadi produk yang populer, dan peluncuran
ice cream cone with Indomie Fried Noodles flavors Indofood Ice Cream Choc Rocks dengan rasa
sparked an online craze. The Es Potong category was Indomie Mi Goreng menjadi viral di media sosial, serta
broadened with a fourth variant in Espessia Musang mendorong minat yang besar dari para konsumen
King flavor. remaja. Penawaran di kategori Es Potong juga
diperkaya melalui peluncuran varian rasa keempat
Our marketing approach embraced a 360-degree yaitu Musang King.
consumer engagement model, integrating both ATL
and BTL activities. The Division upheld its stance in Kami menerapkan 360 degree consumer
the liquid milk market by engaging teenagers and engagement, dimana berbagai upaya pemasaran
young consumers. Notable highlights included kami dilakukan secara menyeluruh melalui kegiatan
sponsoring a concert of a famous Korean girl band in ATL dan BTL. Divisi Dairy berhasil mempertahankan
Jakarta to enhance the visibility of the Indomilk brand posisinya di kategori susu cair melalui berbagai
and strengthen its bond with K-pop fans in Indonesia. inisiatif untuk memperkuat merek-mereknya di
For younger consumers, educational games and kalangan remaja dan anak-anak. Upaya-upaya
activities were developed through a collaboration penting yang telah dijalankan termasuk mensponsori
between Indomilk Kids and a popular Indonesian konser salah satu band wanita Korea terkenal yang
animated series. Our efforts also extended to diselenggarakan di Jakarta guna meningkatkan
educating both end-consumers and foodservice visibilitas merek Indomilk dan memperkuat interaksi
businesses about the versatility of our SCC products, dengan para penggemar K-pop di Indonesia.
emphasizing its use in home cooking, snack and Untuk konsumen anak-anak, kegiatan interaktif dan
beverage creation via TV, digital platforms and permainan edukatif dikembangkan melalui kerja
activation events. sama antara Indomilk Kids dan sebuah serial animasi
Indonesia yang populer. Upaya kami juga dilakukan
dengan mengedukasi konsumen, baik konsumen
akhir maupun dari sektor foodservice, mengenai
beragam kegunaan produk Krimer Kental Manis kami
guna meningkatkan konsumsi dan penetrasi pasar
dengan mengomunikasikan manfaatnya dalam
membuat masakan, roti dan kue serta minuman
melalui berbagai media, seperti TV, platform digital
maupun kegiatan aktivasi.
46 LAPORAN TAHUNAN 2023
Page 49
The Division employed an area-focused strategy to
broaden its distribution coverage effectively. Efforts
were focused on improving product availability,
ensuring a wider variety of SKUs, increasing product
visibility and improving the productivity of our sales
representatives through trainings.
We achieved greater agility through end-to-end
supply chain digitalization, enabling just-in-time
implementation and increasing efficiencies, data
accuracy and effectiveness, while continuing with
our cost-saving initiatives during the year. Further
incorporation of Industry 4.0 principles has resulted
in an optimized production flow, leading to reduced Kami menjalankan strategi yang berbeda di setiap
raw material losses. We also continued to strengthen wilayah untuk memperluas cakupan distribusi
our supply chain as ensuring sufficient key raw secara efektif. Upaya-upaya tersebut berfokus
material supplies became increasingly critical amidst untuk memastikan ketersediaan varian produk yang
rising geopolitical tension. We diversified our supplier beragam, meningkatkan visibilitas produk, serta
base by sourcing milk powder from the northern meningkatkan produktivitas tenaga penjualan melalui
and southern hemispheres, and forged stronger berbagai program pelatihan.
partnerships with local cooperatives to secure a
Kami mendorong agility melalui digitalisasi mata
sustainable quantity of high-quality fresh milk.
rantai pasok secara menyeluruh yang mendukung
The Snack Foods Division demonstrated growth implementasi just-in-time serta meningkatkan
and resilience. As the #1 player in modern snacks, efisiensi, akurasi data dan efektifitas, selain
ICBP continued to drive the industry across various melanjutkan berbagai inisiatif penghematan
categories, achieving top-line and profitability biaya. Penerapan prinsip-prinsip Industri 4.0 yang
growth through new and existing snacks. In 2023, berkelanjutan juga telah menghasilkan proses
the Division’s total sales value rose by 7% to Rp4.25 produksi yang optimal, dan berhasil menurunkan
trillion driven by higher volumes and ASP. EBIT margin bahan baku terbuang. Selain itu, kami terus berupaya
expanded to 9.6%, due mainly to lower raw material memperkuat mata rantai pasokan seiring semakin
costs and higher efficiencies. pentingnya menjaga pasokan bahan baku utama
yang memadai di tengah meningkatnya ketegangan
geopolitik. Kami akan terus melakukan diversifikasi
pemasok melalui pengadaan milk powder baik
dari belahan bumi Utara maupun Selatan guna
menciptakan fleksibilitas pasokan, serta membangun
kerja sama yang lebih kuat dengan berbagai koperasi
lokal guna memastikan ketersediaan susu segar
dengan kualitas yang baik dalam jumlah yang cukup
secara berkelanjutan.
Divisi Makanan Ringan telah menunjukkan
perkembangan dan ketangguhannya. Sebagai
pemain #1 di kategori makanan ringan modern, ICBP
terus mendorong pertumbuhan industri di berbagai
kategori produk, serta mencatatkan pertumbuhan
penjualan dan profitabilitas melalui pengembangan
produk-produk baru maupun yang sudah ada.
Di tahun 2023, pertumbuhan total nilai penjualan
mencapai 7% menjadi Rp4,25 triliun, yang didorong
oleh kenaikan volume penjualan dan harga jual rata-
rata. Marjin EBIT meningkat menjadi 9,6%, terutama
karena turunnya harga bahan baku dan efisiensi yang
lebih baik.
2023 ANNUAL REPORT 47
Page 50
PT INDOFOOD SUKSES MAKMUR Tbk
Product innovation continued year-round, with
the launch of Chitato Lite in Aburi Seaweed flavor,
Jetz Sweet Stick in Brown Sugar Caramel flavor,
Chiki Twist in Flaming Hot flavor, Chiki Balls in Butter
Cookies flavor, and an enticing new Qtela variant in
Seaweed flavor.
To connect with diverse audiences, the Division
organized engagement activities and sponsored
high-profile events to elevate brand relevance,
product awareness and consumer loyalty. For
example, we sponsored “FestiVibes”, a community
festival for the growing number of K-pop fans in
Indonesia. Distribution penetration was focused on
the rural areas and outer islands, while packaging
Inovasi produk terus berlanjut di sepanjang tahun,
sizes were optimized to cater to varying needs.
melalui peluncuran Chitato Lite rasa Aburi Seaweed,
To meet market demands, we expanded our Jetz Sweet Stick rasa Karamel Gula Aren, Chiki Twist
manufacturing capacity for some product rasa Pedas Membara, Chiki Balls rasa Kukis Mentega,
categories, which led to a 16% rise in total production serta varian baru Qtela dengan pilihan rasa Rumput
capacity to more than 55,000 tonnes in 2023. Laut.
In line with our operational excellence goals, we
Guna menjalin relasi dengan berbagai target
focused on increasing productivity and efficiency.
konsumen, Divisi Makanan Ringan menyelenggarakan
Efforts included the progressive implementation
berbagai kegiatan engagement dan mensponsori
of automatic data capturing devices to accurately
acara-acara populer untuk meningkatkan relevansi
generate, monitor and control production
merek, product awareness dan loyalitas konsumen.
parameters; and the addition of an in-house corn
Sebagai contoh, kami mensponsori "FestiVibes",
silo for improved storage capacity with better
sebuah festival komunitas penggemar K-pop yang
quality control and raw-material handling. To ensure
terus bertumbuh di Indonesia. Penetrasi distribusi
the timely and quality supply of snack ingredients
difokuskan pada daerah pedesaan dan di luar
like potatoes, partnership arrangements with local
pulau Jawa, sedangkan ketersediaan produk dalam
farmers were continued.
berbagai ukuran kemasan telah dioptimalkan guna
memenuhi kebutuhan pasar yang beragam.
Terkait kegiatan manufaktur, kami meningkatkan
kapasitas produksi untuk beberapa kategori
produk guna memenuhi permintaan yang terus
bertumbuh, sehingga total kapasitas produksi per
tahun meningkat sekitar 16% mencapai lebih dari
55.000 ton di tahun 2023. Sejalan dengan komitmen
kami untuk meraih keunggulan operasional, kami
terus meningkatkan produktivitas dan efisiensi
melalui implementasi secara bertahap sistem
pengambilan data otomatis agar dapat memperoleh
dan memantau parameter produksi secara tepat,
sedangkan penambahan kapasitas silo jagung
milik sendiri telah meningkatkan kemampuan
pengendalian kualitas dan penangangan bahan baku.
Selain itu, guna menjamin pasokan bahan baku yang
tepat waktu dan berkualitas untuk produk makanan
ringan seperti kentang, kami terus menjalin kemitraan
dengan para petani lokal.
48 LAPORAN TAHUNAN 2023
Page 51
The Food Seasonings Division maintained its lead
with culinary products in diverse categories and
formats. In 2023, this Division recorded a 9% increase
in total sales value to Rp3.67 trillion, driven by higher
volumes of both existing and new products. EBIT
margin was maintained at a healthy level of 11.3%.
Our market share for recipe mixes expanded with
a wider range of Indofood Racik variants, including
Fried Chicken with Spices, Fried Chicken in Butter
Sauce and Indonesian Stew. In 2023, we ventured
into seasoning flours under the Indofood Racik
brand with three new variants: Multipurpose flour,
Crispy Chicken flour and Fritter flour. Supported by
the unique selling point of “Crispy Up To Five Hours”,
coupled with an extensive national distribution
plan, ICBP became one of the top seasoning flour
producers within the year. In the syrup category, we
introduced a pouched format Indofood Freiss Syrup Divisi Penyedap Makanan mempertahankan
in Orange and Cocopandan flavors, featuring the kepemimpinannya untuk produk-produk kuliner di
industry’s first auto-lock mechanism. berbagai kategori dan format. Di tahun 2023, Divisi
ini mencatatkan peningkatan total nilai penjualan
We fortified our market position in all product sebesar 9% menjadi Rp3,67 triliun, didorong oleh
categories through brand campaigns highlighting kenaikan volume penjualan atas produk yang sudah
product superiority and differentiation. For example, ada maupun produk baru. Marjin EBIT yang sehat juga
we emphasized that Indofood Racik recipe mixes dapat dipertahankan di kisaran 11,3%.
are just as delicious and consistent as home-made
mixes. We also highlighted the sweet and savory Pangsa pasar kami di kategori recipe mixes
taste of Indofood Soy Sauce, and the variety of mengalami peningkatan melalui pilihan produk
spicy flavors offered by the range of Indofood Chili Indofood Racik yang semakin beragam, termasuk
Sauce to meet diverse preferences. Promotional recipe mixes untuk Ayam Goreng Rempah, Ayam
Goreng Mentega dan Semur. Di tahun 2023, kami
masuk ke kategori produk baru yaitu tepung bumbu
dengan menggunakan merek Indofood Racik melalui
tiga varian produk: Tepung Bumbu Serbaguna, Ayam
Krispi dan Bakwan. Didukung oleh keunikan produk
dengan komunikasi “Krispi Hingga Lima Jam”, serta
pendistribusian secara nasional yang ekstensif, ICBP
berhasil menjadi salah satu pemain utama untuk
tepung bumbu dalam kurun waktu satu tahun. Di
kategori sirup, kami menghadirkan Sirup Indofood
Freiss dalam format pouch dengan pilihan rasa
Jeruk dan Cocopandan, yang dilengkapi dengan
mekanisme auto-lock pertama di industri ini.
Kami terus memperkuat kepemimpinan di seluruh
kategori produk melalui berbagai kampanye
merek yang mengedepankan superioritas produk
dibandingkan pesaing. Sebagai contoh, Indofood
Racik memiliki cita rasa yang enak dan konsisten
seperti hidangan yang dipersiapkan dengan bumbu
racikan sendiri, Kecap Indofood dikenal karena
rasanya yang manis dan gurih, sedangkan Sambal
Indofood memiliki beragam varian pedas untuk
memenuhi preferensi tingkat kepedasan yang
2023 ANNUAL REPORT 49
Page 52
PT INDOFOOD SUKSES MAKMUR Tbk
activities included cooking demonstrations and berbeda-beda. Aktivitas pemasaran yang dilakukan
product sampling in both traditional markets termasuk kegiatan demo memasak dan sampling
and supermarkets. We also deepened our baik di pasar tradisional maupun supermarket. Selain
relationships with foodservice businesses, ensuring itu, kami juga menjangkau konsumen foodservice
a comprehensive outreach strategy across all dalam menjalankan strategi yang menyeluruh dan
customer segments. menyasar semua segmen pasar.
Excluding the new capacity for seasoning flour, we Di luar kapasitas produk baru tepung bumbu,
increased our capacity for existing products by kami meningkatkan kapasitas produksi untuk
around 18%. This enabled us to meet rising demand, produk-produk yang sudah ada sekitar 18% untuk
while driving operational excellence through memenuhi tingkat permintaan yang bertumbuh,
continuous improvements. An ongoing Industry 4.0 selain mendorong keunggulan operasional melalui
program implementation enabled us to reduce perbaikan berkelanjutan. Implementasi Industri 4.0
downtime, accurately identify production problems secara berkelanjutan telah membantu kami
and reduce raw material losses. Other efficiency dalam menurunkan downtime, mengidentifikasi
and cost-savings initiatives included optimizing masalah selama proses produksi secara akurat,
packaging sizes and specifications, upgrading the dan mengurangi bahan baku terbuang. Beberapa
filling machine for higher production output, and kegiatan utama lainnya yang dilakukan guna
cutting energy consumption. meningkatkan efisiensi dan penghematan biaya,
meliputi penyesuaian dimensi dan spesifikasi
The Nutrition & Special Foods Division strengthened
kemasan, penyempurnaan filling machine guna
its position with stronger market shares across
meningkatkan output produksi, serta penghematan
all product categories. The Division’s total sales
konsumsi energi.
value grew by 5% to Rp1.22 trillion and EBIT margin
increased to 7.6% due to the enhanced product mix. Divisi Nutrisi & Makanan Khusus berhasil
memperkuat posisinya dengan meningkatkan
pangsa pasar di seluruh kategori produk. Total nilai
penjualan tumbuh 5% mencapai Rp1,22 triliun dan
marjin EBIT meningkat menjadi 7,6%, didukung oleh
komposisi penjualan yang lebih baik.
50 LAPORAN TAHUNAN 2023
Page 53
Untuk menggairahkan pasar makanan bayi, kami
meluncurkan produk baru seperti SUN Kurma
dan Susu. Sedangkan untuk kategori makanan
ringan, kami meluncurkan varian rasa baru dari
Promina Crunchies: Rumput Laut dan Ayam Krim
dengan Brokoli. Produk baru ini dibuat tanpa bahan
pengawet dan MSG serta memiliki tekstur yang
renyah, dalam berbagai bentuk untuk membantu
perkembangan motorik bayi.
Keberhasilan ini ditopang oleh berbagai kampanye
edukasi dengan fokus pada pentingnya nutrisi yang
To excite the baby food market, we introduced new
tepat untuk tumbuh kembang bayi, serta ragam
products such as SUN Dates and Milk. In the snacking
produk Promina yang memenuhi kebutuhan bayi
category, we launched Promina Crunchies in two
di berbagai tahapan perkembangan. Kami telah
new flavors: Seaweed and Creamy Chicken with
bekerja sama dengan KOL untuk memperkenalkan
Broccoli. Made without preservatives and MSG, this
bubur bayi Promina dan berkolaborasi dengan
baby snack complements our product portfolio by
merek edukasi yang populer untuk meningkatkan
offering crunchy textures in varied shapes to aid in
brand image Promina. Sedangkan kampanye merek
baby’s motor development.
SUN difokuskan pada optimalisasi nutrisi untuk
Underlying the success were educational campaigns pertumbuhan bayi.
focused on the importance of proper nutrition
Upaya-upaya ini didukung oleh kegiatan distribusi
for babies’ development, as well as the Promina
dalam memperluas kehadiran produk kami di pasar
products addressing babies’ needs at different
dan meningkatkan visibilitas produk. Sebagai contoh,
growth stages. We worked with KOLs to showcase
kami menempatkan brand advisor di berbagai outlet
our Promina baby cereals and collaborated with a
ritel modern untuk membantu para ibu dalam memilih
popular educational brand to enhance the Promina
produk yang tepat bagi bayinya dari portofolio
brand image. The SUN campaigns were focused on
produk kami, selain juga menyempurnakan tampilan
optimizing nutrition for baby’s growth.
produk agar membantu konsumen dalam memilih
These efforts were supported by distribution produk berdasarkan kelompok usia, format produk
activities to expand market presence and increase dan varian rasa.
product visibility. For example, we appointed brand
Komitmen kami untuk turut berkontribusi menurunkan
advisors to guide mothers in choosing the right
malnutrisi dan stunting di Indonesia terus berlanjut
products from our extensive portfolio for their
melalui berbagai program edukasi masyarakat
babies’ needs. We also enhanced our product
tentang pentingnya asupan gizi yang tepat sejak
displays to help consumers in choosing our products
pembuahan hingga 1.000 hari pertama kehidupan.
based on age group, product format and variants.
Di sepanjang tahun 2023, kami menjalankan
Our commitment to help reduce malnutrition and
berbagai inisiatif efisiensi untuk menghemat biaya
stunting in Indonesia were continued through public
dan meningkatkan produktivitas. Inisitatif-inisiatif
education initiatives on the importance of proper
tersebut mencakup pemanfaatan sumber energi
nutritional intake in the first 1,000 days of life.
yang lebih efisien, investasi mesin pengemasan
Throughout the year, we invested in efficiency otomatis, dan peremajaan mesin-mesin lama agar
programs for cost savings and higher productivity. dapat memproduksi lebih banyak serta menurunkan
We shifted to more efficient energy sources, bahan terbuang. Selain itu, proses digitalisasi juga
purchased new machinery for packaging automation, terus diperluas di setiap tahapan proses produksi,
and upgraded older machines to increase production mulai dari bahan baku hingga produk akhir dimana
yield and reduce waste. We continued to digitalize pengambilan data dilakukan secara realtime guna
every stage of our production process, from the mempercepat proses kerja serta meningkatkan
receipt of raw materials to the completion of the final efisiensi dan akurasi data.
product. Real-time field data collection enabled us
to speed up the work process, improving efficiency
and data accuracy.
2023 ANNUAL REPORT 51
Page 54
PT INDOFOOD SUKSES MAKMUR Tbk
The Beverages Division delivered improved
performance, with the packaged water category
demonstrating strong resilience post-pandemic.
The Division’s total sales value rose by 4% to Rp1.61
trillion. The EBIT margin grew to 13.4%, due mainly
to lower prices of packaging material, as well as
ongoing efficiency improvements.
Supporting the performance were comprehensive
strategies to enhance product availability, boost
brand awareness, ensure competitive prices and
efficient manufacturing operations, among others.
During the year, we widened distribution coverage in
untapped areas, and ensured ready product supplies
at each sales outlet. The campaigns for our products Divisi Minuman membukukan kinerja yang lebih
were tailored to resonate with different audience baik, dimana kategori AMDK membuktikan
groups. We also leveraged on festive occasions ketangguhannya pasca pandemi. Total nilai penjualan
like Ramadhan to drive sales of Fruitamin Cocobit tumbuh 4% mencapai sebesar Rp1,61 triliun. Marjin
with Nata De Coco which was introduced as an ideal EBIT naik menjadi 13,4%, terutama karena turunnya
refreshment for breaking fast. harga bahan baku kemasan dan perbaikan efisiensi
secara berkelanjutan.
We continued with the Agent Gallon Club program
in the residential areas and successfully expanded Kinerja tersebut dapat dicapai berkat implementasi
the agent pool by about 15%. In terms of operational strategi yang komprehensif antara lain meningkatkan
excellence, the partnership with suppliers to develop ketersediaan produk dan brand awareness,
durable, high-quality and lightweight packaging memastikan harga yang kompetitif, serta kegiatan
was continued. As of end 2023, the majority of manufaktur yang efisien. Di sepanjang tahun 2023,
the Division’s beverage bottles have transitioned kami terus memperluas jangkauan distribusi ke
to this lightweight packaging material. We also area-area yang belum terlayani, serta memastikan
implemented a preventive maintenance system ketersediaan produk di setiap outlet penjualan.
to minimize downtime and waste, and increased Kampanye pemasaran produk-produk kami
operator competence to optimize workloads and dikembangkan agar sesuai dengan berbagai target
bolster productivity. konsumennya. Kami juga memanfaatkan momen
perayaan hari besar keagamaan seperti bulan
Ramadhan untuk mendorong penjualan Fruitamin
Cocobit dengan Nata De Coco yang diperkenalkan
sebagai produk yang ideal untuk berbuka puasa.
Kami terus menjalankan program Agen Galon Club di
area perumahan dan berhasil meningkatkan jumlah
agen sekitar 15%. Untuk meningkatkan keunggulan
operasional, kemitraan dengan para pemasok terus
dilanjutkan untuk mengembangkan kemasan yang
kuat, berkualitas tinggi dan ringan. Hingga akhir tahun
2023, sebagian besar produk minuman kami telah
menggunakan bahan kemasan yang ringan tersebut.
Kami juga menerapkan sistem pemeliharaan
preventif untuk meminimalkan downtime dan
bahan terbuang, serta meningkatkan kompetensi
operator untuk mengoptimalkan beban kerja dan
meningkatkan produktivitas.
52 LAPORAN TAHUNAN 2023
Page 55
2024 Outlook Pandangan 2024
In the year ahead, the Indonesian economy is Di tahun mendatang, perekonomian Indonesia
expected to demonstrate resilience, underpinned by diperkirakan akan tetap tangguh, didukung oleh
solid macroeconomic fundamentals and government fundamental makroekonomi yang solid serta inisiatif
initiatives to improve living standards and reduce pemerintah untuk meningkatkan standar hidup dan
unemployment. These factors bode well for the CBP menurunkan tingkat pengangguran. Faktor-faktor
Group’s strategic plans, where the aim is to balance ini mendukung rencana strategis Grup CBP untuk
top-line growth with profitability, while maintaining a menyeimbangkan pertumbuhan penjualan dan
robust balance sheet. profitabilitas dengan tetap mempertahankan neraca
keuangan yang kuat.
In 2024, ICBP will continue to place its focus
on organic growth, both domestically and Di tahun 2024, ICBP akan terus fokus pada
internationally. The efforts to enhance ICBP’s market pertumbuhan organik di pasar dalam maupun
leadership across the diverse businesses will include luar negeri. Upaya-upaya untuk memperkuat
optimizing the product portfolio, driving relevance kepemimpinan pasar ICBP di seluruh kegiatan
and excitement through innovation, expanding usaha akan meliputi optimalisasi portofolio produk,
distribution and penetration, and increasing product meningkatkan relevansi dan menggairahkan pasar
and brand visibility. Sales and marketing programs melalui inovasi, memperluas distribusi dan penetrasi,
will be targeted to heighten consumption and serta memperkuat visibilitas produk dan merek.
brand awareness. Operational excellence, strategy Program penjualan dan pemasaran akan dilanjutkan
execution, along with manufacturing and supply untuk meningkatkan konsumsi dan brand awareness.
chain processes, will also be strengthened to Keunggulan operasional, eksekusi strategi, serta
maintain the Group’s competitive edge. proses produksi dan rantai pasokan akan diperkuat
juga untuk mempertahankan daya saing Grup CBP
di pasar.
2023 ANNUAL REPORT 53
Page 56
PT INDOFOOD SUKSES MAKMUR Tbk
OPERATIONAL REVIEW
ULASAN KINERJA OPERASIONAL
BOGASARI
BOGASARI
54 LAPORAN TAHUNAN 2023
Page 57
OV E RV I EW
Bogasari operates four flour mills in Jakarta,
Surabaya, Cibitung and Tangerang with a total
annual capacity of around 4.4 million tonnes.
Its comprehensive range of flour products is
sold to both industrial and retail customers,
under established brands such as Cakra
Kembar, Segitiga Biru, Kunci Biru and Lencana
Merah. Bogasari also produces pasta for
domestic and international markets under the
La Fonte brand.
Bogasari’s operations are supported by
a maritime fleet, comprising eight post-
panamax, five handy/supramax and two
ultramax vessels, to transport wheat imported
mainly from Australia, Canada and the US. The
Group also manufactures polypropylene bags
to support its packaging needs.
GA MBA RAN UMUM
Bogasari mengoperasikan empat pabrik
penggilingan tepung terigu di Jakarta, Surabaya,
Cibitung dan Tangerang dengan total kapasitas per
tahun sekitar 4,4 juta ton. Berbagai pilihan produk
tepung terigunya dipasarkan baik ke pelanggan
industri maupun ritel, dengan merek-merek yang
sudah mapan, seperti Cakra Kembar, Segitiga
Biru, Kunci Biru dan Lencana Merah. Bogasari juga
memproduksi pasta untuk pasar domestik dan
internasional dengan merek La Fonte.
Kegiatan operasional Bogasari didukung oleh unit
perkapalan yang terdiri dari delapan kapal post-
panamax, lima kapal handy/supramax, serta dua
kapal ultramax untuk mengangkut bahan baku
gandum terutama dari Australia, Kanada dan Amerika
Serikat. Grup Bogasari juga memproduksi kantong
polypropylene guna memenuhi kebutuhan kantong
kemasannya.
2023 ANNUAL REPORT 55
Page 58
PT INDOFOOD SUKSES MAKMUR Tbk
2023 Review Ulasan Kinerja 2023
In 2023, Indonesia’s flour industry continued to Di tahun 2023, industri tepung terigu di Indonesia
face challenges despite decreasing global wheat masih menghadapi tantangan walaupun harga
prices, which spiked during the 2022 Russia-Ukraine gandum dunia telah turun, setelah melonjak tinggi
conflict. Indonesia’s domestic demand for wheat flour selama konflik Rusia-Ukraina di tahun 2022. Tingkat
remained soft, as average wheat flour prices remained permintaan tepung terigu di Indonesia masih belum
elevated compared to previous years and consumer pulih sepenuhnya, mengingat harga rata-rata tepung
purchasing power weakened within the low-income terigu yang relatif masih cukup tinggi dan melemahnya
segment. daya beli konsumen di segmen menengah ke bawah.
Despite the challenges, Bogasari upheld its position Walaupun dihadapkan dengan tantangan, Bogasari
as the dominant market player, achieving a relatively mampu mempertahankan posisinya sebagai
stable performance. Total sales value declined by pemimpin pasar dengan pencapaian kinerjanya yang
5% to Rp30.41 trillion, mainly attributable to lower cukup stabil. Total nilai penjualan turun 5% menjadi
volumes. Profitability remained healthy, with EBIT Rp30,41 triliun, terutama karena volume penjualan
margin of 7.5%, thanks to a cost-plus pricing model. yang lebih rendah. Dengan didukung model bisnis
cost-plus, tingkat profitabilitas tetap sehat dengan
We attribute Bogasari’s resilient performance to its
marjin EBIT sebesar 7,5%.
vertically integrated business model, which extends
from efficient wheat sourcing using our own fleet of Ketangguhan kinerja Bogasari tidak terlepas dari
vessels, to the optimized operation of our mills and a dukungan model bisnisnya yang terintegrasi secara
well-coordinated nationwide distribution network. vertikal, mulai dari pembelian bahan baku gandum
dengan menggunakan unit perkapalan sendiri, hingga
With flour prices steadily normalizing during the year,
proses produksi yang optimal dan jaringan distribusi
the market prospects remained robust, considering
berskala nasional yang terkoordinasi dengan baik.
that Indonesia’s per capita flour consumption
continues to be lower than its neighboring countries. Seiring dengan normalisasi harga tepung terigu
At the same time, Indonesia’s evolving urban sepanjang tahun 2023, prospek pasar ke depannya
landscape and growing middle-income class has masih sangat menjanjikan, mengingat konsumsi
tepung terigu per kapita di Indonesia yang relatif
lebih rendah dibandingkan negara-negara tetangga.
Urbanisasi dan pertumbuhan segmen berpendapatan
56 LAPORAN TAHUNAN 2023
Page 59
fueled a shift towards more varied diets, including menengah di Indonesia juga mendorong pola makan
greater appetites for wheat-based foods like pizza, yang lebih beragam, termasuk semakin menyukai
pasta, bread, pastries and cake. However, amidst makanan yang berbahan dasar tepung terigu
an inflationary climate, Indonesian consumers seperti pizza, pasta, roti, pastries dan kue. Namun,
have continued to demonstrate heightened price di tengah dampak inflasi, konsumen Indonesia terus
sensitivity, prioritizing daily necessities and seeking menunjukan sensitivitasnya terhadap harga, sehingga
“value for money”. memprioritaskan kebutuhan sehari-hari dan harga
yang terjangkau.
Notwithstanding these circumstances, we sustained
our market leadership in flour and pasta products, Terlepas dari dinamika tersebut, kami dapat
leveraging on the strong brands and market mempertahankan kepemimpinan pasar di
position that we have established over the past five kategori produk tepung terigu dan pasta, dengan
decades. To reinforce our presence in Indonesia memanfaatkan keunggulan merek dan posisi pasar
as well as stimulate future demand, we continued yang telah kami bangun selama lebih dari lima dekade.
with our initiatives aimed at capacity and capability Guna memperkuat kehadiran kami di Indonesia serta
improvements, operational excellence, new product mendorong tingkat permintaan di masa mendatang,
development and distribution expansion. kami berupaya untuk melanjutkan inisiatif kami pada
peningkatan kapasitas dan kapabilitas produksi,
We also introduced a wider range of flour products
keunggulan operasional, pengembangan produk baru
to meet diverse needs and preferences. These
dan perluasan jaringan distribusi.
included Cakra Kembar Roti flour in 25kg bags; as
well as Segitiga Biru, Lencana Merah and Payung Untuk memenuhi berbagai kebutuhan dan preferensi
flours in a smaller 5kg size. We actively drove konsumen, kami menghadirkan lebih banyak pilihan
consumption to enlarge our market share by produk tepung terigu seperti Cakra Kembar Roti
educating and communicating with consumers, dalam kemasan 25kg, serta produk dengan ukuran
paying attention to the younger generation through yang lebih kecil dalam kemasan 5kg untuk merek
Segitiga Biru, Lencana Merah dan Payung. Kami
secara aktif berupaya mendorong konsumsi tepung
terigu guna memperluas pangsa pasar melalui
edukasi dan komunikasi dengan konsumen, serta
berinteraksi dengan kaum muda melalui berbagai
2023 ANNUAL REPORT 57
Page 60
PT INDOFOOD SUKSES MAKMUR Tbk
various marketing programs and campaigns. To further program dan kampanye pemasaran. Dalam rangka
enhance productivity and efficiency, we focused on terus meningkatkan produktivitas dan efisiensi, kami
strengthening our capabilities through continuous fokus dalam meningkatkan kemampuan melalui upaya
improvements across the entire supply chain. penyempurnaan yang berkelanjutan di seluruh mata
rantai pasokan.
We maintained a selection of effective marketing
initiatives to continue our engagement with Kami melanjutkan berbagai inisiatif pemasaran yang
consumers and SME partners throughout Indonesia, efektif dalam menjalin engagement dengan para
such as Sajian Bersama Bogasari, which empowers konsumen dan mitra UKM di seluruh Indonesia, seperti
housewives to start a flour-based food business program Sajian Bersama Bogasari yang bertujuan
at home. Additionally, we motivate growth and untuk mengedukasi ibu rumah tangga agar dapat
business expansion by presenting Bogasari Awards to memulai usaha makanan berbahan dasar tepung
outstanding SMEs. In 2023, under the theme of “Eco- terigu di rumah. Selain itu, kami terus mendukung
friendly and Sustainable SMEs”, we promoted more pertumbuhan dan pengembangan usaha para UKM
environmentally friendly production processes. melalui Bogasari Award. Di tahun 2023, dengan tema
“UKM Ramah Lingkungan dan Berkelanjutan”, kami
Our consumer pack products for retail consumers and
berupaya untuk memperkenalkan proses produksi
micro-enterprises were reinforced during the year. To
yang lebih ramah lingkungan.
align with the growing demand for smaller packaging
size, we prioritized capacity expansion, specifically Di sepanjang tahun 2023, Bogasari terus memperkuat
augmenting our packing lines with additional produk consumer pack yang ditujukan untuk
automatic case packer machines and upgraded konsumen ritel maupun usaha mikro. Seiring
packing machines. Additionally, improvements have dengan meningkatnya permintaan akan ukuran
been made in our factory to enhance our ability to kemasan yang lebih kecil, kami memprioritaskan
produce more customized products and facilitate peningkatan kapasitas di bagian pengemasan
easy switching between different SKUs. dengan menambahkan mesin automatic case
packer serta memodifikasi mesin kemasan. Selain itu,
penyempurnaan juga telah dilakukan di pabrik kami
sehingga saat ini mampu memproduksi lebih banyak
customized product dan mudah dalam mengalihkan
produksi untuk berbagai jenis produk.
58 LAPORAN TAHUNAN 2023
Page 61
Pandangan 2024
Ketidakpastian akibat ketegangan geopolitik dan
perubahan iklim diperkirakan masih akan berlanjut di
tahun 2024, sehingga dapat berdampak pada pasar
komoditas dan energi, serta mata rantai pasokan
dunia. Kondisi ini kemungkinan bisa membuat inflasi
dan suku bunga tetap tinggi di beberapa negara.
Selain itu, pasar tepung terigu juga akan terus
menghadapi tantangan akan volatilitas harga gandum
dan nilai tukar.
Sementara itu, produksi gandum global diperkirakan
akan mengalami penurunan di tahun 2024 untuk
pertama kalinya sejak periode 2018/2019. Penurunan
ini sebagian besar disebabkan oleh kondisi cuaca
yang tidak mendukung, termasuk El Niño, yang
berdampak pada negara-negara eksportir gandum
seperti Australia dan Kanada. Di sisi lain, konsumsi
gandum global diprediksi masih akan melampaui
tingkat produksi, didorong oleh naiknya permintaan
2024 Outlook baik untuk makanan maupun pakan ternak. Oleh
karenanya, tingkat persediaan akhir gandum global
Uncertainties arising from geopolitical tensions and
diperkirakan akan lebih rendah di tahun 2024
climate change are expected to persist in 2024,
dibandingkan tahun sebelumnya.
impacting the commodity and energy markets, as
well as global supply chains. This is likely to sustain
the high inflation and interest rates in some countries.
Additionally, the flour market may be subject to further
challenges due to volatility in wheat prices and foreign
exchange rates.
Meanwhile, global wheat production is expected
to contract in 2024, marking the first year-on-year
decline since the 2018/2019 season. This reduction
is largely due to unfavorable weather conditions,
including El Niño events, affecting major exporters like
Australia and Canada. On the other hand, global wheat
consumption is expected to outpace production,
fueled by increased demand for both food and animal
feed. As a result, global ending stock of wheat is
forecast to be lower in 2024, compared to 2023.
2023 ANNUAL REPORT 59
Page 62
PT INDOFOOD SUKSES MAKMUR Tbk
On the domestic front, Indonesia’s GDP is expected to Di dalam negeri, PDB Indonesia diperkirakan akan
grow steadily, with household consumption as the key terus tumbuh dengan konsumsi rumah tangga
driver. Flour consumption is also expected to increase sebagai pendorong utamanya. Konsumsi tepung
due to Indonesia’s growing population size, rising per- terigu diproyeksikan juga akan meningkat seiring
capita income and greater urbanization. pertumbuhan jumlah penduduk di Indonesia, naiknya
pendapatan per kapita, dan meningkatnya arus
As the market leader, Bogasari will continue to focus urbanisasi.
on volume growth while ensuring healthy profitability.
The priority will be on driving and developing Sebagai pemimpin pasar, Bogasari akan terus
Indonesia’s flour industry, while sustaining our leading fokus pada pertumbuhan volume penjualan
position and expanding our business operations. To serta memastikan tingkat profitabilitas yang
support household consumers and SME partners, sehat. Prioritas utamanya adalah mendorong dan
mengembangkan industri tepung terigu di Indonesia,
serta mempertahankan posisi kepemimpinan
dan memperluas kegiatan usaha kami. Guna
PRODUCTION PROCESS FOR WHEAT FLOUR
Proses Produksi Tepung Terigu
Wheat
1
2 Pre-Cleaning 3
Wheat Blending
First Cleaning
4 5
Dampening
Second Cleaning
7
Sizing System
60 LAPORAN TAHUNAN 2023
Page 63
we will continue to innovate and introduce relevant mendukung para konsumen rumah tangga dan
flour products, including smaller packaging sizes, to mitra UKM, kami berupaya untuk selalu berinovasi
cater to their specific needs. We will also continue dan memperkenalkan produk tepung terigu yang
to enhance operational excellence by optimizing sesuai, termasuk kemasan berukuran lebih kecil
our supply chain and production processes, untuk memenuhi berbagai kebutuhan mereka. Kami
improving operational capacity and capabilities, as juga akan terus mendorong keunggulan operasional
well as maximizing distribution channels and market melalui optimalisasi mata rantai pasokan dan proses
coverage. Currently, Bogasari is strengthening its produksi, meningkatkan kapasitas dan kapabilitas
wheat transportation capabilities by building two operasional, serta memaksimalkan jaringan
vessels, expected to be completed by the end of distribusi dan jangkauan pasar. Saat ini, Bogasari
2024. This will enhance logistical efficiency and ensure sedang memperkuat kemampuan transportasi
a consistent wheat supply for production. gandumnya dengan membangun dua kapal, yang
diperkirakan selesai pada akhir tahun 2024. Hal ini
akan meningkatkan efisiensi logistik dan memastikan
pasokan gandum yang konsisten untuk produksi.
Wheat Flour
6
Break System
9
Tailing System
8
Reduction System
2023 ANNUAL REPORT 61
Page 64
PT INDOFOOD SUKSES MAKMUR Tbk
OPERATIONAL REVIEW
ULASAN KINERJA OPERASIONAL
AGRIBUSINESS
AGRIBISNIS
62 LAPORAN TAHUNAN 2023
Page 65
OV E RV I EW
The Agribusiness Group is a vertically
integrated group in Indonesia. Its principal
activities cover the entire palm oil supply
chain from research and development
(R&D), seed breeding, oil palm cultivation
and milling, to the manufacturing and
marketing of cooking oils, margarine and
shortening. The Group also engages in the
cultivation of sugar cane, rubber and other
crops as part of its diversified operations.
The Agribusiness Group is led by the
SGX-listed IndoAgri. Its two operating
subsidiaries, SIMP and LSIP, are listed
on the IDX. The Group comprises the
Plantation Division and the Edible Oils &
Fats (EOF) Division.
GA MBA RAN UMUM
Grup Agribisnis merupakan grup yang terintegrasi
secara vertikal di Indonesia. Kegiatan utamanya
meliputi seluruh mata rantai pasokan kelapa sawit
dari penelitian dan pengembangan (Litbang),
pemuliaan benih bibit, pembudidayaan dan
pengolahan kelapa sawit, hingga produksi dan
pemasaran produk minyak goreng, margarin
dan shortening. Grup Agribisnis juga melakukan
pembudidayaan komoditas tebu, karet dan tanaman
lainnya sebagai bagian dari kegiatan operasional
yang terdiversifikasi.
Kegiatan operasional Grup Agribisnis dijalankan oleh
SIMP dan LSIP, yang sahamnya tercatat di BEI dan
merupakan anak-anak perusahaan IndoAgri, yang
sahamnya tercatat di SGX. Grup Agribisnis terdiri
dari Divisi Perkebunan dan Divisi Minyak & Lemak
Nabati (EOF).
2023 ANNUAL REPORT 63
Page 66
PT INDOFOOD SUKSES MAKMUR Tbk
The Plantation Division manages more than 290,000 Divisi Perkebunan mengelola lebih dari 290.000
hectares of plantations in Indonesia, mainly focused hektar perkebunan di Indonesia, terutama
on oil palm cultivation. It also operates 27 palm oil perkebunan kelapa sawit dan 27 pabrik kelapa
mills with a total annual Fresh Fruit Bunches (FFB) sawit dengan total kapasitas pengolahan Tandan
processing capacity of 7.2 million tonnes. The Division Buah Segar (TBS) sebesar 7,2 juta ton per tahun.
has a 36.21% stake in CMAA, which operates three Divisi Perkebunan juga memiliki 36,21% kepemilikan
sugar and ethanol mills in Brazil with a combined annual saham di CMAA, yang mengoperasikan tiga pabrik
cane crushing capacity of 9.7 million tonnes. gula dan etanol di Brazil dengan total kapasitas
pengolahan tebu sebesar 9,7 juta ton per tahun.
The Plantation Division has R&D centers responsible
for improving crop yields, crop resilience, pest and Divisi Perkebunan memiliki pusat Litbang yang
disease control, and estate management practices, bertanggung jawab, antara lain untuk meningkatkan
among others. It also manages two R&D facilities for hasil panen, ketahanan tanaman, pengendalian
sugar cane and EOF. hama dan penyakit, serta praktik manajemen
perkebunan. Kami juga memiliki dua fasilitas Litbang
untuk komoditas tebu dan EOF.
64 LAPORAN TAHUNAN 2023
Page 67
The EOF Division operates five CPO refineries in Divisi EOF mengoperasikan lima fasilitas
Indonesia with a total annual CPO processing capacity penyulingan CPO di Indonesia dengan total
of 1.7 million tonnes. It also manufactures and markets kapasitas penyulingan CPO sebesar 1,7 juta ton
the downstream products, mainly cooking oils, per tahun. Divisi ini memproduksi dan memasarkan
margarine and shortening. produk-produk hilir, terutama minyak goreng,
margarin dan shortening.
The consumer products are largely sold domestically
under leading brands like Bimoli, Bimoli Spesial, Produk-produk konsumen terutama dipasarkan
Happy, Palmia, Royal Palmia and Amanda. The di dalam negeri dengan merek-merek terkemuka
industrial products are sold to Indofood Group and seperti Bimoli, Bimoli Spesial, Happy, Palmia,
other food manufacturers, including bakeries and Royal Palmia dan Amanda. Produk-produk untuk
confectioneries. kebutuhan industri dipasarkan ke Grup Indofood
dan produsen makanan lainnya, termasuk bakery
2023 Review dan confectionery.
2023 was another challenging year for agribusiness Ulasan Kinerja 2023
operators, marked by the confluence of suppressed
commodity prices, unpredictable weather patterns, Tahun 2023 kembali menjadi tahun yang penuh
rising costs and domestic policy changes. tantangan bagi para pelaku di sektor agribisnis,
ditandai dengan penurunan harga komoditas, pola
CPO price (CIF Rotterdam) fell 29% to US$972 per cuaca yang tidak menentu, kenaikan biaya, serta
tonne in 2023, compared to 2022. Domestically, perubahan kebijakan di dalam negeri.
despite lower FFB harvests, CPO prices did not
recover until late in the year, attributable to higher palm Harga rata-rata CPO (CIF Rotterdam) turun
oil demand driven by the B35 biodiesel mandate. sebesar 29% menjadi US$972 per ton di tahun
2023, dibandingkan tahun 2022. Di dalam negeri,
The Agribusiness Group maintained tight cost controls meskipun panen TBS mengalami penurunan, harga
and cost-effective initiatives, as well as focused on CPO belum pulih dan baru terlihat menjelang akhir
bank loan repayments to lower interest expenses. tahun seiring kenaikan permintaan minyak sawit
yang didorong oleh mandat biodiesel B35.
Grup Agribisnis terus menjalankan inisiatif
pengendalian dan penghematan biaya secara ketat,
serta berfokus pada pembayaran kembali pinjaman
bank untuk menurunkan beban bunga.
2023 ANNUAL REPORT 65
Page 68
PT INDOFOOD SUKSES MAKMUR Tbk
The Group’s total sales value for 2023 fell by 10% Total nilai penjualan Grup Agribisnis di tahun 2023
year-on-year to Rp15.97 trillion. This reduction was mengalami penurunan sebesar 10% dibandingkan
mainly due to the lower selling prices of palm and tahun sebelumnya menjadi Rp15,97 triliun, terutama
EOF products. While the decline was partly offset by disebabkan oleh turunnya harga jual produk sawit
higher sales volume of the palm products, EBIT margin dan EOF. Walaupun sebagian telah diimbangi oleh
contracted to 13.3% from 18.8% previously. naiknya volume penjualan produk sawit, marjin EBIT
mengalami penurunan menjadi 13,3% dari sebesar
The Plantation Division recorded a flat FFB nucleus
18,8% di tahun sebelumnya.
production and lower external FFB purchases. This
led to a 4% reduction in CPO production to 708,000 Divisi Perkebunan mencatatkan produksi TBS inti
tonnes. The Division’s total sales value for 2023 yang sama dan pembelian TBS dari eksternal yang
declined by 7% to Rp10.85 trillion, due to lower selling lebih rendah. Hal ini mengakibatkan penurunan
prices of palm products. Despite higher sales volume produksi CPO sebesar 4% menjadi 708.000 ton.
and rigorous cost-control measures, operating profit Total nilai penjualan Divisi Perkebunan untuk tahun
fell by 45% to Rp1.45 trillion. 2023 turun 7% menjadi Rp10,85 triliun, disebabkan
oleh harga jual produk sawit yang lebih rendah.
Amid rising costs, productivity and cost efficiency
Walaupun didukung oleh kenaikan volume penjualan
initiatives remained a key priority, with efforts
dan juga berbagai inisiatif pengendalian biaya, laba
focused on process streamlining, enhanced fertilizer
usaha turun sebesar 45% menjadi Rp1,45 triliun.
application through nutrient analysis, preventive
maintenance strategies, mechanization programs and Di tengah berbagai kenaikan biaya, inisiatif
usage of renewable energy sources. produktivitas dan efisiensi biaya tetap menjadi
prioritas yang utama, dengan fokus pada
upaya-upaya penyederhanaan proses kerja,
penyempurnaan aplikasi pupuk melalui analisa
nutrisi, strategi pemeliharaan preventif, program
mekanisasi dan penggunaan energi terbarukan.
66 LAPORAN TAHUNAN 2023
Page 69
In 2023, we continued to digitalize our processes Pada tahun 2023, fokus pada digitalisasi proses
and systems to increase efficiency, both in the dan sistem berlanjut untuk meningkatkan efisiensi,
field operations and head office. Efforts included baik dari aspek operasional di lapangan maupun di
additional investment in mechanization projects, to kantor pusat. Ini juga termasuk investasi tambahan
improve productivity and reduce costs. pada proyek mekanisasi untuk meningkatkan
produktivitas dan menurunkan biaya.
Remaining committed to ESG goals, the Group’s
material issues were diligently tracked and Dengan tetap berkomitmen pada berbagai
sustainability programs were rolled out as planned. sasaran ESG, isu-isu material Grup Agribisnis
As at 31 December 2023, the Division’s ISPO certified dipantau secara cermat dan program-program
production was 493,000 tonnes, representing 85% of keberlanjutan dilaksanakan sesuai rencana. Per 31
the total nucleus CPO production. Desember 2023, produksi bersertifikat ISPO dari
Divisi Perkebunan adalah sebesar 493.000 ton,
In terms of sugar operation, the Division’s cane
atau 85% dari total produksi CPO yang berasal dari
plantation in South Sumatra produced 51,000 tonnes
perkebunan inti.
of sugar, while the factory in Central Java produced
24,000 tonnes of sugar. In Brazil, CMAA crushed 9.45 Untuk kegiatan usaha gula, perkebunan tebu di
million tonnes of sugar cane and produced 703,000 Sumatera Selatan memproduksi gula sebesar
tonnes of raw sugar, 352,000 m3 of ethanol, and 51.000 ton, sedangkan pabrik di Jawa Tengah
426,000 MWh of electricity. Around 3.5 million tonnes memproduksi 24.000 ton gula. Di Brazil, CMAA
of the Brazilian sugar production was Bonsucro- mengolah sebanyak 9,45 juta ton tebu dan
certified, accounting for 73% of the total cane memproduksi 703.000 ton gula mentah, 352.000
produced by CMAA in 2023. m3 etanol dan 426.000 MWh daya listrik. Sekitar
3,5 juta ton dari produksi gula kami di Brazil telah
bersertifikat Bonsucro, yang mencakup 73% dari
total produksi tebu CMAA di tahun 2023.
2023 ANNUAL REPORT 67
Page 70
PT INDOFOOD SUKSES MAKMUR Tbk
The EOF Division’s total sales value decreased by 11% Total nilai penjualan Divisi EOF turun 11% menjadi
to Rp11.31 trillion due to lower selling prices, leading to Rp11,31 triliun akibat harga jual yang lebih rendah,
a 16% decline in operating profit to Rp662.1 billion. This sehingga laba usaha mengalami penurunan 16%
Division continued to report profitability. menjadi sebesar Rp662,1 miliar. Divisi EOF tetap
membukukan profitabilitas.
Supported by the Group’s vertically integrated
agribusiness model, the EOF Division benefited Didukung dengan model agribisnis dari Grup
from stable raw material supplies sourced from the yang terintegrasi secara vertikal, Divisi EOF
Plantation Division. To maintain its market shares, the memperoleh manfaat dari stabilnya pasokan
EOF Division undertook various marketing activities bahan baku yang dipasok dari Divisi Perkebunan.
to amplify its brands and engage with consumers and Untuk mempertahankan pangsa pasarnya, Divisi ini
industrial customers. menjalankan berbagai kegiatan pemasaran untuk
memperkuat mereknya dan menjalin interaksi
The EOF Division also supported the national program dengan para konsumen dan pelanggan industrial.
for affordable cooking oils, packaged under the
government’s “MinyaKita” brand. Divisi EOF juga terus mendukung program nasional
terkait produk minyak goreng dengan harga
yang terjangkau, yang dikemas dengan merek
pemerintah “MinyaKita”.
68 LAPORAN TAHUNAN 2023
Page 71
2024 Outlook Pandangan 2024
Commodity prices are expected to remain highly Harga-harga komoditas diperkirakan akan tetap
volatile amid uncertainties from weather conditions bergejolak di tengah ketidakpastian kondisi cuaca
and geopolitical conflicts. dan konflik geopolitik.
Global demand for palm oil is likely to remain resilient, Tingkat permintaan global untuk minyak sawit
underpinned by rising population in Asia, greater diperkirakan akan tetap baik didukung oleh naiknya
affluence and increased consumption driven by populasi di Asia, peningkatan kesejahteraan
economic growth. dan konsumsi yang didorong oleh pertumbuhan
ekonomi.
We expect domestic demand for palm oil products
to remain supported in the short and medium term, Kami memperkirakan tingkat permintaan produk
driven by population growth and expansion in the minyak sawit domestik dalam jangka pendek
food industry. dan menengah akan tetap baik yang didukung
oleh pertumbuhan populasi dan ekspansi
industri makanan.
Please refer to PT Salim Ivomas Pratama Tbk’s 2023 Annual Report for the production process of Agribusiness Group.
Proses produksi Grup Agribisnis dapat dilihat pada Laporan Tahunan 2023 PT Salim Ivomas Pratama Tbk.
2023 ANNUAL REPORT 69
Page 72
PT INDOFOOD SUKSES MAKMUR Tbk
OPERATIONAL REVIEW
ULASAN KINERJA OPERASIONAL
DISTRIBUTION
DISTRIBUSI
70 LAPORAN TAHUNAN 2023
Page 73
OV E RV I EW
The Distribution Group is a strategic
asset that forms a vital part of Indofood’s
vertically integrated operations and
business model. Its vast network and
nationwide distribution capabilities ensure
the availability of Indofood and third-party
products throughout Indonesia. The Group
has more than 1,300 distribution/stock
points in densely populated areas with direct
access to both traditional and modern trade
outlets. With each of these stock points
serving a tight radius of up to 10 km, we can
ensure responsive customer services, as
well as obtain timely feedback on localized
information of market developments and
consumer demands.
GA MBA RAN UMUM
Grup Distribusi merupakan aset strategis dan bagian
penting dari kegiatan operasional dan model bisnis
Indofood yang terintegrasi secara vertikal. Jaringan
distribusinya yang luas memastikan ketersediaan
produk-produk Indofood dan pihak ketiga di seluruh
Indonesia. Grup Distribusi didukung oleh lebih dari
1.300 distribution/stock point yang berada di lokasi
yang padat dengan outlet ritel untuk melayani outlet
ritel tradisional maupun modern. Dengan jangkauan dari
setiap stock point yang tidak lebih dari radius 10 km,
kami dapat menjamin kecepatan layanan serta akses
informasi akan perkembangan pasar dan permintaan
konsumen setempat.
2023 ANNUAL REPORT 71
Page 74
PT INDOFOOD SUKSES MAKMUR Tbk
2023 Review Ulasan Kinerja 2023
In 2023, the Distribution Group maintained its pivotal Grup Distribusi senantiasa menjadi bagian penting
role within Indofood’s vertically integrated business di dalam model bisnis Indofood yang terintegrasi
model. Its operations remained vital to the Company’s secara vertikal, termasuk di tahun 2023. Kegiatan
business activities, ensuring the availability and operasionalnya berperan besar terhadap kegiatan
seamless flow of products, while fortifying Indofood’s usaha Perseroan, dengan memastikan ketersediaan
market penetration and coverage. dan kelancaran pengiriman produk, serta memperkuat
penetrasi dan jangkauan pasar Indofood.
Leveraging an extensive network over 1,300
strategically sited stock points across Indonesia, Dengan dukungan jaringan luas yang meliputi lebih
we were able to achieve faster and more frequent dari 1.300 stock point dan berlokasi strategis di
deliveries, which is crucial for product availability seluruh Indonesia, kami dapat melakukan pengiriman
and freshness. This extensive network also allowed secara lebih cepat dan berkala, dimana hal ini sangat
us to keep closer tabs on shifting market dynamics, penting bagi tingkat ketersediaan dan kesegaran
leading to improved market intelligence, monitoring, produk. Jaringan distribusi yang luas juga membantu
execution, and responsiveness. kami dalam mencermati perubahan dinamika pasar,
sehingga dapat memperkuat market intelligence
These qualities were instrumental to our distribution
serta menunjang aspek pemantauan, pelaksanaan
success amid the year’s challenges, particularly the
dan kecepatan merespons menjadi lebih baik.
weakened purchasing power of the lower-income
segment. Our widespread presence also provided us Hal-hal di atas telah menjadi kunci keberhasilan kami
a more nuanced understanding of the ground situation di tengah berbagai tantangan tahun ini, terutama
around each stock point, allowing us to adapt our melemahnya daya beli masyarakat berpenghasilan
strategies to meet diverse market demands. rendah. Keberadaan kami yang luas juga memberikan
pemahaman secara lebih mendalam akan situasi yang
Furthermore, the Distribution Group consistently
terjadi di setiap area sekitar stock point, sehingga
enhanced productivity and efficiency through better
memungkinkan kami dalam menyesuaikan strategi
working capital management, replacing inactive
guna memenuhi permintaan pasar yang beragam.
outlets and optimizing workforce and logistics
operations. Selain itu, Grup Distribusi terus meningkatkan
produktivitas dan efisiensinya melalui pengelolaan
modal kerja yang lebih baik, penggantian outlet-
outlet yang telah tidak lagi aktif, serta optimalisasi
tenaga kerja dan operasional logistik.
72 LAPORAN TAHUNAN 2023
Page 75
As a result, the Distribution Group delivered another
solid performance in 2023. Total sales value grew by
12% to Rp6.96 trillion, driven by higher sales of both
Indofood and third-party products. EBIT rose on
the back of increased sales, while the EBIT margin
improved to 6.9% from 6.5% in previous year.
2024 Outlook
Looking ahead to 2024, the Distribution Group Grup Distribusi kembali berhasil meraih kinerja yang
expects domestic economic growth to remain baik di tahun 2023. Total nilai penjualan tumbuh 12%
steady. Through strategy diversification, the Group mencapai sebesar Rp6,96 triliun, didorong oleh
is recognizing and catering to the needs of different peningkatan penjualan produk Indofood maupun
customer segments. By strengthening our distribution pihak ketiga. Pertumbuhan EBIT didukung oleh
fundamentals and fostering effective collaboration penjualan yang lebih tinggi, dan marjin EBIT meningkat
with all principals, our goal is to capture emerging menjadi 6,9% dari 6,5% di tahun sebelumnya.
opportunities and secure a competitive edge in the
market to achieve sustainable growth. Pandangan 2024
In terms of logistics, our emphasis in the coming Grup Distribusi mengantisipasi berlanjutnya
year would be to bolster productivity, service quality pertumbuhan ekonomi dalam negeri di tahun
and cost efficiency. A key initiative involves the 2024. Melalui upaya strategy diversification,
development of monitoring reports through the SAP Grup Distribusi dapat memahami dan memenuhi
system for better stock supervision and progress kebutuhan konsumen di berbagai segmen. Dengan
tracking. This would allow for better stock accuracy semakin memperkuat fundamental distribusi dan
and inventory management across the supply chain meningkatkan kerjasama dengan para produsen
(from the distribution centers and stock points to the secara efektif, maka akan mendukung tercapainya
retail outlets), in addition to optimizing freight costs tujuan kami untuk menjangkau peluang-peluang
and service levels. baru, serta mempertahankan daya saing guna meraih
pertumbuhan yang berkelanjutan.
Although digital transactions constitute a small
portion of total sales at present, the Group is Di bidang logistik, upaya kami di tahun mendatang
committed to continue increasing online orders akan difokuskan pada peningkatan produktivitas,
and electronic payment activities. The efforts to kualitas layanan dan efisiensi biaya. Salah satu inisiatif
achieve our online transaction target would include penting meliputi pengembangan sistem laporan
empowering the sales force, acquiring new outlets pemantauan melalui SAP guna menyempurnakan
and reactivating dormant customers. In addition, pengawasan persediaan dan pemantauan progres.
more digital promotions would be introduced to Hal ini diharapkan dapat meningkatkan akurasi
encourage customers to conduct their transactions stok dan manajemen persediaan di seluruh mata
through online channels. rantai pasokan (mulai dari pusat distribusi dan
stock point hingga ke level outlet ritel), selain juga
dapat mengoptimalkan biaya pengiriman dan
kecepatan layanan.
Walaupun kontribusi dari transaksi digital terhadap
total penjualan saat ini masih relatif kecil, Grup
Distribusi berkomitmen untuk terus meningkatkan
aktivitas pemesanan dan pembayaran secara online.
Upaya untuk mencapai target transaksi online tersebut
akan meliputi pemberdayaan tenaga penjualan,
akuisisi outlet-outlet baru, serta reaktivasi pelanggan
yang tidak aktif. Selain itu, program promosi digital
juga akan terus ditambahkan, guna mendorong
konsumen untuk melakukan transaksi melalui online
channels.
2023 ANNUAL REPORT 73
Page 76
PT INDOFOOD SUKSES MAKMUR Tbk
CORPORATE GOVERNANCE
TATA KELOLA PERUSAHAAN
Indofood believes that good corporate governance
is fundamental to the creation of long-term value for
all stakeholders.
Indofood meyakini bahwa pelaksanaan tata kelola perusahaan yang baik
merupakan landasan untuk menciptakan nilai dalam jangka panjang bagi seluruh
pemangku kepentingan.
The Company conducts its business activities Perseroan menjalankan kegiatan usahanya secara
responsibly, ethically and in compliance with prevailing bertanggung jawab dan etis, dengan mematuhi
rules and regulations in Indonesia. Indofood’s Good berbagai ketentuan dan peraturan yang berlaku di
Corporate Governance policies were developed Indonesia. Kebijakan Tata Kelola Perusahaan Indofood
in line with the Indonesian laws and regulations, the disusun berdasarkan peraturan perundang-undangan
Company’s Articles of Association (AOA) and Good yang berlaku di Indonesia, Anggaran Dasar Perseroan
Corporate Governance (GCG) principles, which (AD), serta prinsip-prinsip Tata Kelola Perusahaan yang
advocate transparency, accountability, responsibility, Baik (GCG) yang mengedepankan aspek transparansi,
independence and fairness. akuntabilitas, tanggung jawab, independensi dan
kesetaraan.
Based on Law No. 40 Year 2007 regarding Limited
Liability Company (“Company Laws”), the Company’s Sesuai dengan Undang-Undang No. 40 Tahun 2007
organs consist of the General Meeting of Shareholders tentang Perseroan Terbatas (UUPT), organ Perseroan
(GMS), the Board of Commissioners (BOC) and the terdiri dari Rapat Umum Pemegang Saham (RUPS),
Board of Directors (BOD). They are assisted by the Dewan Komisaris dan Direksi. Organ tersebut
Committees and Corporate Secretary and play an didukung oleh berbagai Komite dan Sekretaris
important role in the implementation of GCG. Perusahaan, serta memegang peranan penting
dalam pelaksanaan GCG.
The Company’s organs are required to perform their
functions based on prevailing regulations, the AOA Organ Perseroan menjalankan fungsinya sesuai
and the GCG principles. dengan ketentuan dalam peraturan perundang-
undangan yang berlaku, serta AD dan prinsip-prinsip
General Meeting of Shareholders GCG.
The GMS is a forum where shareholders can interact Rapat Umum Pemegang Saham
with the BOC and BOD regarding Company issues
that are pertinent to the meeting agenda and not RUPS merupakan forum bagi pemegang saham untuk
conflicting with the interest of the Company. The memperoleh keterangan yang berkaitan dengan
authority of the GMS cannot be delegated to the Perseroan dari Dewan Komisaris dan Direksi sepanjang
berhubungan dengan agenda rapat dan tidak
bertentangan dengan kepentingan Perseroan. RUPS
mempunyai wewenang yang tidak dapat diberikan
74 LAPORAN TAHUNAN 2023
Page 77
BOC or BOD, as stipulated in the Company Law, kepada Dewan Komisaris atau Direksi, dalam batasan
prevailing regulations in the capital market and the yang ditentukan dalam UUPT dan peraturan yang
AOA. berlaku di bidang pasar modal dan AD.
The GMS comprises the Annual General Meeting RUPS terdiri dari Rapat Umum Pemegang Saham
(AGM) and Extraordinary General Meeting (EGM), as Tahunan (RUPST) dan Rapat Umum Pemegang
described in the AOA. During the GMS, the Company Saham Luar Biasa (RUPSLB) sesuai yang ditetapkan
adopts either open or closed voting by poll for all dalam AD. Dalam penyelenggaraan RUPS, Perseroan
resolutions to promote the independence and menjalankan prosedur voting by poll secara terbuka
interest of the shareholders. Each shareholder is maupun tertutup untuk seluruh keputusan rapat yang
entitled to one vote per share. All shareholders have mengedepankan independensi dan kepentingan
the option to appoint a proxy to attend and vote pemegang saham dimana setiap lembar saham
in the GMS through a signed proxy letter or using berhak memberikan satu suara. Setiap pemegang
the electronic means provided by PT Kustodian saham juga dapat menunjuk kuasa untuk hadir dan
Sentral Efek Indonesia (Indonesia Central Securities memberikan suara dalam RUPS melalui surat kuasa
Depository). An independent Public Notary and a yang telah ditandatangani atau menggunakan sarana
Share Registrar are appointed to count and validate elektronik yang disediakan oleh PT Kustodian Sentral
the votes at the GMS. Efek Indonesia. Perseroan menunjuk Notaris dan Biro
Administrasi Efek sebagai pihak independen yang
melakukan perhitungan dan memvalidasi suara di
RUPS.
2023 ANNUAL REPORT 75
Page 78
PT INDOFOOD SUKSES MAKMUR Tbk
The AGM for the financial year of 2022 was held on RUPST Perseroan untuk tahun buku 2022
23 June 2023 with the following resolutions: diselenggarakan pada tanggal 23 Juni 2023 dengan
1. To accept and approve the annual report of the keputusan-keputusan sebagai berikut:
BOD on the activities and financial results of the 1. Menerima dan menyetujui laporan tahunan Direksi
Company for the year ended 31 December 2022. mengenai kegiatan usaha dan kinerja keuangan
2. To accept and approve the Company’s Financial Perseroan untuk tahun buku yang berakhir pada
Statements including Balance Sheet and Income tanggal 31 Desember 2022.
Statement for the year ended 31 December 2. Menyetujui dan mengesahkan Laporan Keuangan
2022, which were audited by Public Accountant Perseroan termasuk Neraca dan Perhitungan
firm “Purwantono, Sungkoro & Surja” with an Laba-Rugi untuk tahun buku yang berakhir pada
unmodified opinion as stated in the Report tanggal 31 Desember 2022 yang telah diaudit oleh
No.00315/2.1032/AU.1/04/0701-2/1/III/2023 Kantor Akuntan Publik “Purwantono, Sungkoro
dated 23 March 2023. & Surja” dengan opini tanpa modifikasian,
3. a. To approve the use of income for the year sebagaimana diuraikan dalam Laporan
attributable to equity holders of the parent No.00315/2.1032/AU.1/04/0701-2/1/III/2023
entity of the Company for the year 2022 in tanggal 23 Maret 2023.
the amount of Rp6,359,094,000,000.- (six 3. a. Menyetujui penggunaan laba tahun berjalan
trillion three hundred fifty-nine billion ninety- yang dapat diatribusikan kepada pemilik
four million rupiah) as follows: entitas induk Perseroan untuk tahun buku
i. To set aside Rp5,000,000,000.- (five 2022, sebesar Rp6.359.094.000.000,-
billion rupiah) as the reserve fund of (enam triliun tiga ratus lima puluh sembilan
the Company. miliar sembilan puluh empat juta rupiah)
sebagai berikut:
ii. To declare and distribute the cash
dividend of Rp257.- (two hundred fifty- i. Disisihkan sebagai dana cadangan
seven rupiah) per share. Perseroan sebesar Rp5.000.000.000,-
(lima miliar rupiah).
iii. The remaining balance to be recorded as
unappropriated retained earnings. ii. Ditetapkan dan dibagikan sebagai
dividen tunai sebesar Rp257,- (dua ratus
b. To authorize the BOD to execute the
lima puluh tujuh rupiah) per lembar
distribution of dividends.
saham.
4. a. To approve the appointment of Mr. Sulaiman
iii. Sisanya dicatat sebagai saldo laba yang
Arif Arianto as an Independent Commissioner
belum ditentukan penggunaannya.
of the Company, effective from the closing
of the AGM in 2023, until the closing of the b. Memberikan wewenang kepada Direksi untuk
AGM in 2024, so that the complete BOC melaksanakan pembayaran dividen.
composition is as follows: 4. a. Menyetujui penunjukan dan pengangkatan
Bapak Sulaiman Arif Arianto sebagai
Komisaris Independen Perseroan terhitung
sejak ditutupnya Rapat sampai dengan
penutupan Rapat Umum Pemegang Saham
Tahunan Perseroan pada tahun 2024
sehingga susunan lengkap anggota Dewan
Komisaris Perseroan adalah sebagai berikut:
76 LAPORAN TAHUNAN 2023
Page 79
Board of Commissioners
Dewan Komisaris
President Commissioner Manuel Velez Pangilinan Komisaris Utama
Commissioner Benny Setiawan Santoso Komisaris
Christopher Huxley Young
Joseph Hon Pong Ng
John William Ryan
Independent Commissioner Hans Kartikahadi Komisaris Independen
Bambang Permadi Soemantri Brodjonegoro
Sulaiman Arif Arianto
b. To authorize and empower the BOD with the b. Memberikan wewenang dan kuasa kepada
right of substitution to take all necessary Direksi Perseroan dengan hak substitusi
actions regarding the appointment and untuk melakukan segala tindakan yang
assignment of the BOC, including but not diperlukan sehubungan dengan penunjukan
limited to restating this resolution in a notarial dan pengangkatan anggota Dewan Komisaris
deed and notifying the Minister of Laws Perseroan, termasuk tetapi tidak terbatas
and Human Rights in accordance with the untuk menyatakan kembali keputusan ini
prevailing regulation. dalam suatu akta notaris, dan melakukan
5. To determine the total remuneration to be pemberitahuan kepada Menteri Hukum dan
paid by the Company to the members of the Hak Asasi Manusia sesuai dengan ketentuan
BOC and BOD, effective from 1 January 2023 peraturan yang berlaku.
to 31 December 2023 for a maximum amount 5. Menyetujui penetapan besarnya total jumlah
of Rp275,000,000,000.- (two hundred and remunerasi yang akan dibayarkan oleh
seventy-five billion rupiah) (before tax). Perseroan kepada anggota Dewan Komisaris
6. a. To appoint a Public Accountant from the dan Direksi Perseroan yang berlaku terhitung
Public Accountant Firm “Purwantono, sejak tanggal 1 Januari 2023 sampai dengan
Sungkoro & Surja”, to audit the Company’s tanggal 31 Desember 2023 maksimum sebesar
Consolidated Financial Statements for the Rp275.000.000.000,- (dua ratus tujuh puluh
year ended 31 December 2023. lima miliar rupiah) (sebelum dipotong pajak).
b. To authorize the BOD to determine the 6. a. Menunjuk Akuntan Publik yang tergabung
honorarium of the said Registered Public dalam Kantor Akuntan Publik “Purwantono,
Accountant and other conditions related to Sungkoro & Surja” untuk melakukan audit atas
their appointment. Laporan Keuangan Konsolidasian Perseroan
untuk tahun buku yang berakhir pada tanggal
All the resolutions of the AGM held in 2023 have 31 Desember 2023.
been implemented as at end of 2023, while all the b. Memberikan wewenang kepada Direksi
resolutions of the AGM and EGM held in 2022 have Perseroan untuk menentukan jumlah
been implemented as at end of 2022. honorarium Akuntan Publik tersebut dan
menetapkan persyaratan lain yang berkaitan
dengan penunjukannya.
Seluruh keputusan RUPST yang diselenggarakan
pada tahun 2023 telah dilaksanakan per akhir tahun
buku 2023, sedangkan seluruh keputusan RUPST
dan RUPSLB yang diselenggarakan pada tahun 2022
telah dilaksanakan per akhir tahun buku 2022.
2023 ANNUAL REPORT 77
Page 80
PT INDOFOOD SUKSES MAKMUR Tbk
Board of Commissioners Dewan Komisaris
The BOC is responsible for overseeing the Dewan Komisaris bertanggung jawab atas
Company’s management policies and advising the pengawasan terhadap kebijakan pengurusan dan
BOD on the strategy, management and operations memberikan masukan atau nasihat kepada Direksi
of the Company. The BOC is required to perform its terkait strategi, pengelolaan dan kegiatan operasional
duties in good faith and in a responsible and prudent Perseroan. Dewan Komisaris wajib melaksanakan
manner. In carrying out its oversight function, the tugasnya dengan itikad baik, penuh tanggung jawab
BOC is assisted by the Audit Committee (AC) and the dan kehati-hatian. Dalam melaksanakan tugas
Nomination and Remuneration Committee (NRC), pengawasannya, Dewan Komisaris dibantu oleh
both of which are responsible directly to the BOC. Komite Audit serta Komite Nominasi dan Remunerasi
The BOC is satisfied that the performance of both yang bertanggung jawab langsung kepada Dewan
committees has supported the fulfilment of the Komisaris. Dewan Komisaris menilai baik kinerja kedua
BOC’s roles in 2023. komite yang telah mendukung pelaksanaan tugas
Dewan Komisaris selama tahun 2023.
The BOC comprises eight members including the
President Commissioner and three Independent Dewan Komisaris Perseroan terdiri dari delapan orang
Commissioners. Members of the BOC are nominated anggota termasuk seorang Komisaris Utama dan
by the NRC and appointed by the shareholders at tiga orang Komisaris Independen. Anggota Dewan
the GMS. The nominations are based on the level of Komisaris dinominasikan oleh Komite Nominasi
expertise, knowledge and experience required to dan Remunerasi serta diangkat oleh pemegang
perform the duties of the BOC. The term of office for saham melalui RUPS. Nominasi Dewan Komisaris
BOC members starts from the date of appointment memperhatikan keahlian, pengetahuan dan
at the GMS until the closing of the third AGM following pengalaman yang dibutuhkan dalam pelaksanaan
the date of appointment (three-year term), without tugasnya. Masa jabatan anggota Dewan Komisaris
prejudice to the GMS’ right to dismiss the individual terhitung sejak tanggal yang ditentukan pada RUPS
at any time. All the Independent Commissioners have yang mengangkatnya sampai dengan penutupan
fulfilled the independence requirements stipulated in RUPS yang ketiga setelah tanggal pengangkatan
the prevailing regulation. (tiga tahun masa jabatan), tanpa mengurangi hak
RUPS untuk memberhentikannya sewaktu-waktu.
During the financial year of 2023, there was a change Seluruh Komisaris Independen telah memenuhi
to the composition of the BOC, which is as follows: persyaratan independensi sesuai dengan ketentuan
yang berlaku.
Pada tahun buku 2023, terdapat perubahan susunan
Dewan Komisaris Perseroan. Susunan Dewan
Komisaris Perseroan adalah sebagai berikut:
Board of Commissioners
Dewan Komisaris
President Commissioner | Komisaris Utama Manuel V. Pangilinan
Commissioner | Komisaris Benny S. Santoso
Christopher H. Young
Joseph H. P. Ng
John W. Ryan
Independent Commissioner | Komisaris Independen Hans Kartikahadi
Bambang Permadi Soemantri Brodjonegoro
Sulaiman Arif Arianto
78 LAPORAN TAHUNAN 2023
Page 81
In exercising the GCG principles, the BOC has Dalam menjalankan prinsip-prinsip GCG, Dewan
developed the BOC Charter to guide its oversight and Komisaris telah menetapkan Piagam Dewan Komisaris
advisory duties. The BOC Charter outlines the legal sebagai pedoman dalam menjalankan tugas
considerations, description of duties, responsibilities pengawasan dan pemberian nasihat. Piagam Dewan
and authority, values, working hours, meeting policies, Komisaris tersebut antara lain menguraikan dasar
competency development, performance evaluation, pertimbangan hukum, deskripsi tugas, tanggung
reporting and accountability of the BOC among other jawab dan wewenang, nilai-nilai, waktu kerja,
matters. With regards to share ownership, the BOC kebijakan penyelenggaraan rapat, pengembangan
members shall notify the Company of any changes kompetensi, penilaian kinerja, serta pelaporan dan
in their share ownership within three working days. pertanggungjawaban Dewan Komisaris. Sehubungan
In 2023, the Company did not receive any notification dengan kepemilikan saham, anggota Dewan Komisaris
from the BOC on changes in share ownership. wajib memberitahukan kepada Perseroan atas
perubahan kepemilikan sahamnya dalam waktu tiga
Under prevailing requirements, the BOC shall hari kerja. Selama 2023, Perseroan tidak menerima
conduct at least six BOC meetings and three joint pemberitahuan dari anggota Dewan Komisaris atas
meetings with the BOD in a year. In 2023, the BOC adanya perubahan kepemilikan saham.
held and/or participated in 11 meetings, including the
AGM and four joint meetings with the BOD to discuss Sesuai dengan ketentuan yang berlaku, Dewan
the Company’s business strategies, achievements Komisaris melakukan sekurang-kurangnya enam
and developments. rapat Dewan Komisaris dan tiga rapat bersama
Direksi dalam setahun. Di tahun 2023, Dewan
Komisaris menyelenggarakan dan/atau berpartisipasi
di 11 rapat, termasuk RUPST dan empat rapat bersama
Direksi yang membahas strategi, pencapaian dan
perkembangan kegiatan usaha.
Board of Commissioners Number of Meetings Attended Attendance Rate
Dewan Komisaris Jumlah Kehadiran Rapat Tingkat Kehadiran
Manuel V. Pangilinan 10 91%
Benny S. Santoso 11 100%
Christopher H. Young 11 100%
Joseph H. P. Ng 11 100%
John W. Ryan 11 100%
Hans Kartikahadi 11 100%
Bambang Permadi Soemantri Brodjonegoro 11 100%
Sulaiman Arif Arianto* 4 100%
* Appointed since 23 June 2023
Menjabat sejak tanggal 23 Juni 2023
The tentative schedules of the meetings for the Rencana jadwal rapat untuk tahun yang akan datang
following year are distributed to all the BOC members disampaikan kepada seluruh anggota Dewan
before the end of the year, while the meeting agenda Komisaris sebelum akhir tahun, sedangkan agenda
and other relevant information are sent out before rapat dan informasi relevan lainnya disampaikan
each meeting. sebelum penyelenggaraan rapat yang bersangkutan.
2023 ANNUAL REPORT 79
Page 82
PT INDOFOOD SUKSES MAKMUR Tbk
The BOC Charter requires all the BOC members to Piagam Dewan Komisaris mewajibkan pengembangan
undergo continuous competency development. The kompetensi anggota Dewan Komisaris secara terus-
Company supported this requirement through the menerus. Perseroan senantiasa mendukung kebijakan
provision of various training programs, workshops tersebut melalui penyelenggaraan berbagai program
and seminars. The training programs, workshops and pelatihan, workshop dan seminar. Program pelatihan,
seminars attended by each BOC member during workshop dan seminar yang dihadiri oleh masing-
2023 are listed in their respective profiles. masing anggota Dewan Komisaris selama tahun 2023
tercantum di bagian profil anggota Dewan Komisaris.
The BOC’s performance is reviewed once a year
through self-assessment, in accordance with the Kinerja Dewan Komisaris dievaluasi setiap tahun
duties and responsibilities of the members. dengan menggunakan penilaian sendiri berdasarkan
tugas dan kewajibannya.
The profiles of all the BOC members are listed on
pages 120-127 of this Annual Report. Profil seluruh anggota Dewan Komisaris dapat dilihat
pada halaman 120-127 dari Laporan Tahunan ini.
Board of Directors
Direksi
The BOD is responsible for leading the management
of the Company in delivering its business objectives, Direksi bertanggung jawab memimpin jalannya
including establishing broad policies, setting out kepengurusan Perseroan dalam mencapai sasaran
corporate strategies, as well as monitoring their usahanya, termasuk menyusun kebijakan umum dan
implementation. The BOD is required to perform menetapkan strategi perusahaan, serta pemantauan
its duties in good faith and in a responsible and pelaksanaannya. Direksi wajib melaksanakan
prudent manner. The BOD has the authority to tugasnya dengan itikad baik, penuh tanggung jawab
take management actions based on the policies dan kehati-hatian. Direksi memiliki kewenangan
stipulated in the AOA, Company Laws and prevailing untuk mengambil tindakan pengurusan berdasarkan
regulations. Currently, the BOD does not establish kebijakan yang ditentukan dalam AD, UUPT, serta
any committees. peraturan yang berlaku. Saat ini, Direksi tidak
membentuk komite tertentu.
The BOD comprises the President Director and
10 Directors. BOD members are nominated by the Direksi Perseroan terdiri dari seorang Direktur Utama
NRC and appointed by shareholders at the GMS. dan 10 orang anggota Direksi. Anggota Direksi
The nomination is based on the level of expertise, dinominasikan oleh Komite Nominasi dan Remunerasi,
knowledge and experience to perform the BOD serta diangkat oleh pemegang saham melalui RUPS.
duties. The term of office for BOD members starts Nominasi anggota Direksi memperhatikan keahlian,
from the date of appointment at the GMS until pengetahuan dan pengalaman yang dibutuhkan
the closing of the third AGM following the date of dalam melaksanakan tugasnya. Masa jabatan anggota
appointment (three-year term), without prejudice to Direksi terhitung sejak tanggal yang ditentukan
the GMS’ right to dismiss the individual at any time. pada RUPS yang mengangkatnya sampai dengan
penutupan RUPST yang ketiga setelah tanggal
During the financial year of 2023, there was no change pengangkatan (tiga tahun masa jabatan), tanpa
to the composition of the BOD, which is as follows: mengurangi hak RUPS untuk memberhentikannya
sewaktu-waktu.
Pada tahun buku 2023, tidak terdapat perubahan
susunan Direksi Perseroan. Susunan Direksi Perseroan
adalah sebagai berikut:
80 LAPORAN TAHUNAN 2023
Page 83
Board of Directors
Direksi
President Director | Direktur Utama Anthoni Salim
Director | Direktur Franciscus Welirang
Axton Salim
Tjhie Tje Fie (Thomas Tjhie)
Taufik Wiraatmadja
Alamsyah
Moleonoto (Paulus Moleonoto)
Joedianto Soejonopoetro
Hendra Widjaja
Tan Suzi Indriani
Tan Elly (Elly Betty)
Each Director is designated the following duties and Masing-masing anggota Direksi memiliki tugas dan
responsibilities: tanggung jawab berikut:
Board of Directors Duties and Responsibilities
Direksi Tugas dan Tanggung Jawab
Anthoni Salim Develops the Company’s strategic direction and ensures that all goals and
President Director | objectives are met.
Direktur Utama Mengembangkan arahan strategis Perseroan dan memastikan bahwa seluruh
target dan tujuan Perseroan dapat tercapai.
Franciscus Welirang • Heads the Bogasari Group and Corporate Human Resources Division.
Director | Direktur Memimpin Grup Bogasari dan Divisi Corporate Human Resources.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Axton Salim • Heads the Dairy Division.
Director | Direktur Memimpin Divisi Dairy.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Tjhie Tje Fie (Thomas Tjhie) • Supervises all financial operations.
Director | Direktur Membawahi bidang keuangan.
• Heads the Corporate Secretary Division.
Memimpin Divisi Corporate Secretary.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Taufik Wiraatmadja • Heads the Noodles Division and Culinary Products Operations Unit.
Director | Direktur Memimpin Divisi Mi Instan dan Unit Usaha Produk Kuliner.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Alamsyah • Responsible for the financial and investment management.
Director | Direktur Bertanggung jawab atas manajemen keuangan dan investasi.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
2023 ANNUAL REPORT 81
Page 84
PT INDOFOOD SUKSES MAKMUR Tbk
Board of Directors Duties and Responsibilities
Direksi Tugas dan Tanggung Jawab
Moleonoto (Paulus Moleonoto) • Heads the Plantations Division.
Director | Direktur Memimpin Divisi Perkebunan.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Joedianto Soejonopoetro • Heads the Distribution Group and Beverages Division.
Director | Direktur Memimpin Grup Distribusi dan Divisi Minuman.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Hendra Widjaja • Heads the Controller Division.
Director | Direktur Memimpin Divisi Controller.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Tan Suzi Indriani • Assists the management of the Noodles Division and Procurement.
Director | Direktur Membantu pengelolaan Divisi Mi Instan dan Procurement.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
Tan Elly (Elly Betty) • Manages the International Operations Division.
Director | Direktur Mengelola Divisi International Operations.
• Responsible for the day-to-day management of the Company.
Bertanggung jawab untuk mengelola kegiatan operasional sehari-hari
Perseroan.
In exercising the GCG principles, the BOD has Dalam menjalankan prinsip-prinsip GCG, Direksi
developed the BOD Charter to guide its management telah menetapkan Piagam Direksi sebagai pedoman
duties. The BOD Charter outlines the legal dalam menjalankan tugas pengurusannya. Piagam
considerations, description of duties, responsibilities Direksi tersebut antara lain menguraikan dasar
and authority, values, working hours, meeting policies, pertimbangan hukum, deskripsi tugas, tanggung
competency development, performance evaluation, jawab dan wewenang, nilai-nilai, waktu kerja,
reporting and accountability of the BOD among other kebijakan penyelenggaraan rapat, pengembangan
matters. With regards to share ownership, the BOD kompetensi, penilaian kinerja, serta pelaporan
members shall notify the Company of any changes dan pertanggungjawaban Direksi. Sehubungan
in their share ownership within three working days. In dengan kepemilikan saham, anggota Direksi wajib
2023, the Company did not receive any notification memberitahukan kepada Perseroan atas perubahan
from the BOD on changes in share ownership. kepemilikan sahamnya dalam waktu tiga hari
kerja. Selama 2023, Perseroan tidak menerima
Under prevailing requirements, the BOD shall conduct pemberitahuan dari anggota Direksi atas adanya
at least 12 BOD meetings and three joint meetings perubahan kepemilikan saham.
with the BOC in a year. In 2023, the BOD held and/
or participated in 17 meetings, including the AGM Sesuai dengan ketentuan yang berlaku, Direksi
and four joint meetings with the BOC to discuss the melakukan sekurang-kurangnya 12 rapat Direksi dan
Company’s business strategies, achievements and tiga rapat bersama Dewan Komisaris dalam setahun.
developments. Di sepanjang tahun 2023, Direksi menyelenggarakan
dan/atau berpartisipasi di 17 rapat, termasuk RUPST
dan empat rapat bersama Dewan Komisaris yang
membahas strategi, pencapaian dan perkembangan
kegiatan usaha.
82 LAPORAN TAHUNAN 2023
Page 85
Board of Directors Number of Meetings Attended Attendance Rate
Direksi Jumlah Kehadiran Rapat Tingkat Kehadiran
Anthoni Salim 17 100%
Franciscus Welirang 17 100%
Axton Salim 17 100%
Tjhie Tje Fie (Thomas Tjhie) 17 100%
Taufik Wiraatmadja 17 100%
Alamsyah 17 100%
Moleonoto (Paulus Moleonoto) 17 100%
Joedianto Soejonopoetro 17 100%
Hendra Widjaja 17 100%
Tan Suzi Indriani 17 100%
Tan Elly (Elly Betty) 17 100%
The tentative schedules of the meetings for the Rencana jadwal rapat untuk tahun yang akan datang
following year are distributed to all the BOD members disampaikan kepada seluruh anggota Direksi
before the end of the year, while the meeting agenda sebelum akhir tahun, sedangkan agenda rapat dan
and other relevant information are sent out before informasi relevan lainnya disampaikan sebelum
each meeting. penyelenggaraan rapat bersangkutan.
The BOD Charter requires all the BOD members to Piagam Direksi mewajibkan pengembangan
undergo continuous competency development. The kompetensi anggota Direksi secara terus menerus.
Company supported this requirement through the Perseroan senantiasa mendukung kebijakan tersebut
provision of various training programs, workshops melalui penyelenggaraan berbagai program pelatihan,
and seminars. The training programs, workshops and workshop dan seminar. Program pelatihan, workshop
seminars attended by each BOD member during dan seminar yang dihadiri oleh masing-masing
2023 are listed in their respective profiles. anggota Direksi selama tahun 2023 tercantum di
bagian profil anggota Direksi.
The BOD’s performance is reviewed once a year
by the NRC using the agreed annual performance Kinerja anggota Direksi dievaluasi oleh Komite
indicators and through self-assessment by each Nominasi dan Remunerasi satu tahun sekali
BOD member, according to their respective duties dengan mengacu pada indikator kinerja Direksi
and responsibilities in overseeing the day-to-day yang disepakati setiap tahunnya, dan melalui
operations of the Company. penilaian sendiri oleh masing-masing Direksi dalam
menjalankan kegiatan operasional perusahaan sehari-
The profiles of the BOD members are listed on pages
hari sesuai dengan tugas dan tanggung jawabnya.
130-140 of this Annual Report.
Profil seluruh anggota Direksi dapat dilihat pada
Nomination and Remuneration for the halaman 130-140 dari Laporan Tahunan ini.
BOC and BOD
Nominasi dan Remunerasi Dewan
The nomination and total remunerations for the BOC
Komisaris dan Direksi Perseroan
and BOD are approved by the shareholders at the
GMS, based on the proposal submitted by the NRC. Nominasi dan besarnya total jumlah remunerasi bagi
anggota Dewan Komisaris dan Direksi ditetapkan
In proposing the nominations and remunerations for
oleh pemegang saham melalui RUPS, berdasarkan
the BOC and BOD, the NRC conducts a thorough
usulan yang disampaikan oleh Komite Nominasi
review of the duties, workloads, responsibilities and
dan Remunerasi.
Dalam mengusulkan nominasi dan remunerasi
Dewan Komisaris dan Direksi, Komite Nominasi
dan Remunerasi terlebih dahulu melakukan kajian
menyeluruh atas tugas, beban kerja, tanggung jawab
2023 ANNUAL REPORT 83
Page 86
PT INDOFOOD SUKSES MAKMUR Tbk
performance of the BOC and BOD members against dan kinerja Dewan Komisaris dan Direksi sehubungan
the Company’s plan for the following year, as well as dengan rencana kegiatan usaha Perseroan di tahun
their achievements in the previous year. mendatang, serta pencapaian di tahun sebelumnya.
The remuneration structure consists of fixed and Struktur remunerasi terdiri dari komponen tetap
variable components. The fixed components dan tidak tetap. Komponen tetap mencakup gaji
comprise mainly the base salary and fixed allowance pokok, serta tunjangan tetap sesuai dengan praktik
in line with local market practices and regulatory yang berlaku umum dan ketentuan peraturan terkait.
requirements. The variable components, such as Komponen tidak tetap, seperti bonus, ditentukan
bonuses, are determined based on the Company’s berdasarkan kinerja Perseroan serta individu.
performance as well as the individual performance.
Besarnya total jumlah remunerasi yang telah
The total amount of remunerations paid by the dibayarkan Perseroan kepada Dewan Komisaris
Company to the BOC and BOD for the period dan Direksi untuk periode 1 Januari sampai
between 1 January and 31 December 2023 was dengan 31 Desember 2023 adalah sebesar
Rp256,000,000,000.- (two hundred fifty-six billion Rp256.000.000.000,- (dua ratus lima puluh enam
rupiah) (before tax). miliar rupiah) (sebelum dipotong pajak).
Committees Under the BOC Komite-Komite di Bawah
Dewan Komisaris
The BOC has established the following committees
to assist in the execution of its various duties: Dewan Komisaris membentuk komite-komite berikut
1. Audit Committee untuk membantu menjalankan fungsinya:
2. Nomination and Remuneration Committee 1. Komite Audit
2. Komite Nominasi dan Remunerasi
Audit Committee
Komite Audit
The AC is responsible for carrying out oversight
duties based on GCG principles, and advising the Komite Audit bertanggung jawab melaksanakan
BOC regarding financial reporting, recommendation tugas pengawasan berdasarkan prinsip-prinsip
for the external auditor appointment, evaluation of GCG, dan memberi masukan kepada Dewan
audit engagement by the appointed external auditor, Komisaris perihal pelaporan keuangan, rekomendasi
internal control system, internal audit, regulatory penunjukan auditor eksternal, evaluasi atas
compliance and risk management. pelaksanaan pemberian jasa audit oleh auditor
eksternal yang ditunjuk, sistem pengendalian internal,
The activities of the AC are governed by the Audit audit internal, kepatuhan terhadap peraturan dan
Committee Charter, which outlines the structure, perundang-undangan, serta manajemen risiko.
requirements and memberships; independency;
duties, responsibilities and authority; methods, Kegiatan Komite Audit diatur dalam Piagam Komite
working procedures and policies; and the reporting Audit yang menguraikan struktur, persyaratan dan
process of the AC to the BOC. keanggotaan; independensi; tugas, tanggung
jawab dan wewenang; tata cara, prosedur kerja dan
The current AC members were appointed by the kebijakan; serta sistem pelaporan Komite Audit ke
BOC according to the resolution of the BOC on Dewan Komisaris.
11 November 2021. The AC serves the same tenure
as the BOC as stipulated in the AOA. An AC member Anggota Komite Audit saat ini diangkat oleh Dewan
may only be reappointed for one more consecutive Komisaris berdasarkan keputusan Dewan Komisaris
period. tanggal 11 November 2021. Masa jabatan anggota
Komite Audit adalah sama dengan masa jabatan
Dewan Komisaris, sebagaimana diatur dalam AD.
Anggota Komite Audit dapat dipilih kembali hanya
untuk satu periode berikutnya.
84 LAPORAN TAHUNAN 2023
Page 87
The composition of the AC for the period of 2021- Susunan Komite Audit untuk periode 2021-2024
2024 is as follows: adalah sebagai berikut:
Hans Kartikahadi Hans Kartikahadi
Chairman, Independent Commissioner Ketua, Komisaris Independen
Timotius Timotius
Member, External Independent Professional Anggota, Profesional Eksternal Independen
Amelia Setiawan Amelia Setiawan
Member, External Independent Professional Anggota, Profesional Eksternal Independen
The profiles of the members and the activities of the Profil para anggota Komite Audit dan uraian kegiatan
AC during the year are listed in the Audit Committee Komite Audit selama tahun buku dapat dilihat pada
Report on page 102-107 of this Annual Report. Laporan Komite Audit di halaman 102-107 dari
Laporan Tahunan ini.
Nomination and Remuneration Committee
Komite Nominasi dan Remunerasi
The NRC is responsible for assisting the BOC in its
supervisory and advisory duties related to the Komite Nominasi dan Remunerasi bertanggung jawab
nomination and remuneration aspects of the BOC and dalam membantu tugas pengawasan dan pemberian
BOD members. These include recommendation on nasihat Dewan Komisaris terkait aspek nominasi dan
nomination, development programs and performance remunerasi Direksi dan Dewan Komisaris, termasuk
evaluation as part of succession planning, as well pemberian rekomendasi terkait nominasi, program
as remuneration structures and policies of the BOC pengembangan dan evaluasi kinerja, sebagai bagian
and BOD. dari perencanaan suksesi, serta struktur dan kebijakan
remunerasi Direksi dan Dewan Komisaris.
The current NRC members were appointed by the
BOC according to the resolution of the BOC on Anggota Komite Nominasi dan Remunerasi saat
24 September 2021. The NRC serves the same term ini diangkat oleh Dewan Komisaris berdasarkan
of office as the BOC. keputusan Dewan Komisaris tanggal 24 September
2021 dengan masa jabatan yang sama dengan masa
The composition of the NRC for the period of 2021- jabatan Dewan Komisaris.
2024 is as follows:
Susunan Komite Nominasi dan Remunerasi untuk
Hans Kartikahadi periode tahun 2021-2024 adalah sebagai berikut:
Chairman, Independent Commissioner
Hans Kartikahadi
The profile of Mr. Hans Kartikahadi is available on Ketua, Komisaris Independen
page 125 of this Annual Report.
Profil Bapak Hans Kartikahadi dapat dilihat pada
Benny S. Santoso halaman 125 dari Laporan Tahunan ini.
Member, Commissioner
Benny S. Santoso
The profile of Mr. Benny S. Santoso is available on Anggota, Komisaris
page 121 of this Annual Report.
Profil Bapak Benny S. Santoso dapat dilihat pada
Melia Setiawati halaman 121 dari Laporan Tahunan ini.
Member, General Manager of Compensation,
Benefit & HR Administration Melia Setiawati
Anggota, General Manager Compensation,
Benefit & HR Administration
2023 ANNUAL REPORT 85
Page 88
PT INDOFOOD SUKSES MAKMUR Tbk
Ms. Melia Setiawati, 52, an Indonesian citizen, serves Ibu Melia Setiawati, berusia 52 tahun, warga negara
as a member of the NRC, and as General Manager Indonesia, menjabat sebagai anggota Komite
of Compensation, Benefit & HR Administration. She Nominasi dan Remunerasi, serta General Manager
is concurrently an NRC member of ICBP, SIMP and Compensation, Benefit & HR Administration. Beliau
LSIP (2015-present). She was previously the HR juga menjabat sebagai anggota Komite Nominasi dan
Manager at PT Aspirasi Darma Nusa (2002-2004) Remunerasi ICBP, SIMP dan LSIP (2015-sekarang).
and PT Bahana Dharma Utama (2000-2001), Senior Sebelumnya, beliau menjabat sebagai Manajer SDM
Programmer at PT Inti Salim Corpora (1996-2000), PT Aspirasi Darma Nusa (2002-2004) dan PT Bahana
and EDP Staff Member at PT Bank Central Asia Tbk Dharma Utama (2000-2001), Senior Programmer
(1992-1995). PT Inti Salim Corpora (1996-2000), dan EDP Staff
Member PT Bank Central Asia Tbk (1992-1995).
She obtained a Diploma Degree in Information
Technology from Sekolah Tinggi Teknologi Indonesia Beliau meraih gelar Diploma di bidang Teknologi
in 1992, and a Bachelor’s degree in Information Informasi dari Sekolah Tinggi Teknologi Indonesia
Technology from Sekolah Tinggi Sains dan Teknologi pada tahun 1992, serta gelar sarjana Teknologi
Indonesia in 1996. Informasi dari Sekolah Tinggi Sains dan Teknologi
Indonesia pada tahun 1996.
The BOC has developed the Charter of the
Nomination and Remuneration Committee to guide Dewan Komisaris telah menetapkan Piagam Komite
the activities of the NRC. The Charter outlines the Nominasi dan Remunerasi sebagai pedoman
duties and responsibilities, membership composition kegiatan Komite Nominasi dan Remunerasi. Piagam
and structure, working procedures, meeting Komite Nominasi dan Remunerasi tersebut antara lain
arrangements, reporting systems, replacement of menguraikan tugas dan tanggung jawab, komposisi
members and term of office, among other matters. dan struktur keanggotaan, tata cara dan prosedur
kerja, penyelenggaraan rapat, sistem pelaporan
The NRC members are required to fulfil the following kegiatan, tata cara penggantian anggota, serta masa
independence and competence requirements: jabatan.
• Understand the business activities of the
Company and its subsidiaries Anggota Komite Nominasi dan Remunerasi
wajib memenuhi persyaratan independensi dan
• Conduct themselves professionally and with
kompetensi berikut:
integrity, and exhibit sound knowledge of the
remuneration and nomination systems • Mengerti dan memahami kegiatan usaha
Perseroan dan entitas anaknya
• Have no personal engagement that could
result in a conflict of interest situation with the • Bersikap profesional, memiliki integritas yang tinggi,
Company or adversely affect the ability to act serta memiliki kemampuan dan pengetahuan
independently tentang sistem remunerasi dan nominasi
• Tidak memiliki kepentingan/keterkaitan pribadi
Based on prevailing requirements, the NRC shall yang dapat menimbulkan benturan kepentingan
conduct at least three meetings a year. In 2023, the terhadap Perseroan, atau dampak negatif yang
NRC held a total of three meetings. dapat mempengaruhi kemampuannya untuk
bertindak secara independen
Sesuai dengan ketentuan yang berlaku, Komite
Nominasi dan Remunerasi mengadakan sekurang-
kurangnya tiga rapat dalam setahun. Di tahun 2023,
Komite ini menyelenggarakan sebanyak tiga rapat.
Nomination and Remuneration Committee Number of Meetings Attended Attendance Rate
Komite Nominasi dan Remunerasi Jumlah Kehadiran Rapat Tingkat Kehadiran
Hans Kartikahadi* 2 100%
Benny S. Santoso 3 100%
Melia Setiawati 3 100%
* Appointed since 5 May 2023 | Menjabat sejak tanggal 5 Mei 2023
86 LAPORAN TAHUNAN 2023
Page 89
The tentative schedules of the meetings for the Rencana jadwal rapat untuk tahun yang akan datang
following year are distributed to all the NRC members disampaikan kepada seluruh anggota Komite
before the end of the year, while the meeting agenda sebelum akhir tahun, sedangkan agenda rapat dan
and other relevant information are sent out before informasi relevan lainnya disampaikan sebelum
each meeting. penyelenggaraan masing-masing rapat yang
bersangkutan.
In 2023, the NRC carried out the following activities:
• Reviewed the nomination procedure Di sepanjang tahun 2023, Komite Nominasi
dan Remunerasi melaksanakan kegiatan-
• Reviewed the structure and policy on
kegiatan berikut:
remuneration
• Mengkaji prosedur nominasi
• Evaluated and reviewed the performance of
each member of the BOC and BOD • Mengkaji struktur dan kebijakan remunerasi
• Recommended the nomination and remuneration • Mengevaluasi dan mengkaji kinerja masing-
of the BOC and BOD masing anggota Dewan Komisaris dan Direksi
• Arranged and attended NRC meetings • Menyampaikan rekomendasi nominasi dan
remunerasi bagi Dewan Komisaris dan Direksi
Corporate Secretary • Mengatur dan menghadiri rapat Komite Nominasi
dan Remunerasi
The Company has appointed a Corporate Secretary
to act as a liaison between the Company, the capital Sekretaris Perusahaan
market institutions and the public. The Corporate
Secretary’s term of office is reviewed from time to Perseroan telah mengangkat Sekretaris Perusahaan
time according to the applicable GCG practices and yang bertugas sebagai penghubung antara Perseroan
HR policies. dengan institusi pasar modal dan masyarakat. Masa
jabatan Sekretaris Perusahaan dievaluasi dari waktu
Mr. Victor Suhendra serves as the Corporate Secretary
ke waktu, sesuai dengan praktik-praktik GCG dan
based on the Decision Letter of the BOD dated
peraturan ketenagakerjaan yang berlaku.
1 August 2018. His appointment was reported to OJK
on 3 August 2018. Mr. Suhendra is based in Jakarta. Bapak Victor Suhendra menjabat sebagai Sekretaris
He holds a Bachelor’s degree in Computer Science Perusahaan berdasarkan Surat Keputusan Direksi
from California Polytechnic State University, San Luis tanggal 1 Agustus 2018. Pengangkatan beliau sebagai
Obispo, and a Master’s degree in Management from Sekretaris Perusahaan telah dilaporkan ke OJK pada
Prasetiya Mulya Business School, Jakarta. Previously, tanggal 3 Agustus 2018. Bapak Victor Suhendra
he was part of the risk management team of the berdomisili di Jakarta. Beliau meraih gelar Sarjana
Company (2016-2018). Before joining Indofood, he Ilmu Komputer dari California Polytechnic State
served in the Advisory division of KPMG Indonesia University, San Luis Obispo serta Magister Manajemen
(2008-2016). In 2023, he attended several training dari Universitas Prasetiya Mulya (d/h Sekolah Tinggi
programs and seminars, including “Indonesia’s Manajemen Prasetiya Mulya). Sebelumnya, beliau
Economic Outlook 2024” and “Global Economic merupakan bagian dari tim manajemen risiko
Outlook 2024”. Perseroan (2016-2018). Sebelum bergabung dengan
Perseroan, beliau bekerja di Divisi Advisory dari KPMG
In 2023, the Corporate Secretary carried out the
Indonesia (2008-2016). Di tahun 2023, beliau telah
following activities and responsibilities:
mengikuti berbagai program pelatihan dan seminar,
• Advised the BOD on compliance with prevailing termasuk “Indonesia’s Economic Outlook 2024” dan
regulations and ensured timely reporting “Global Economic Outlook 2024”.
to the capital market authorities in the form
of public disclosure through the Integrated Di sepanjang tahun 2023, Sekretaris Perusahaan telah
Electronic Reporting System for Issuers and melaksanakan kegiatan-kegiatan dan tanggung jawab
Public Companies berikut:
• Memberikan masukan kepada Direksi terkait
kepatuhan terhadap peraturan yang berlaku serta
memastikan pelaporan yang tepat waktu kepada
otoritas pasar modal dalam bentuk keterbukaan
informasi melalui Sarana Pelaporan Elektronik
Terintegrasi Emiten dan Perusahaan Publik
2023 ANNUAL REPORT 87
Page 90
PT INDOFOOD SUKSES MAKMUR Tbk
• Communicated regularly with the capital • Melakukan komunikasi secara berkala dengan
market authorities on the Company’s corporate otoritas pasar modal berkaitan dengan tata
governance and corporate actions kelola dan aksi korporasi Perseroan
• Administered and took minutes of the proceedings • Mengatur pelaksanaan rapat Direksi dan
of the BOC and BOD meetings Dewan Komisaris serta mencatat risalah rapat
• Arranged the Company’s orientation program for • Mengatur pelaksanaan program orientasi
the incoming BOC member Perusahaan bagi anggota Dewan Komisaris yang
• Advised the BOD on the changes and baru bergabung
developments of prevailing capital market • Memberikan masukan kepada Direksi mengenai
regulations, and their implications to perubahan dan perkembangan peraturan yang
the Company berlaku di bidang pasar modal, serta implikasinya
bagi Perseroan
Capital Market Supporting Professions
Profesi Penunjang Pasar Modal
In 2023, the Company engaged the following capital
market external supporting services: (i) a public Di sepanjang tahun 2023, Perseroan telah
accountant, who was appointed based on the menggunakan jasa penunjang pasar modal, yaitu:
resolutions of the AGM on 23 June 2023, to audit the (i) akuntan publik, yang ditunjuk berdasarkan
Company’s consolidated financial statements for the keputusan RUPST Perseroan pada tanggal 23 Juni
year ended 31 December 2023 with the engagement 2023, untuk melaksanakan audit atas laporan
period until 25 March 2024. The total expenditure keuangan konsolidasian Perseroan untuk tahun
for the service was Rp4.85 billion. The appointed yang berakhir pada tanggal 31 Desember 2023
public accountant also provided services to conduct dengan periode penugasan sampai dengan 25 Maret
certain procedures. The total expenditure for the 2024. Total pengeluaran atas jasa tersebut adalah
services was Rp169.4 million; (ii) a share registrar sebesar Rp4,85 miliar. Akuntan publik yang ditunjuk
to administer the Company’s shares registration memberikan jasa untuk melakukan prosedur tertentu.
and other administration matters related to the Total pengeluaran atas jasa tersebut adalah sebesar
Company’s shares; (iii) a rating agency to assign Rp169,4 juta; (ii) Biro Administrasi Efek, yang ditunjuk
credit ratings for the Company; and (iv) a notary to untuk mengadministrasi registrasi saham Perseroan
prepare the minutes of the Company’s GMS. dan melakukan berbagai jasa administrasi lain yang
berhubungan dengan pengelolaan administrasi
Internal Audit saham Perseroan; (iii) lembaga pemeringkat, yang
ditunjuk untuk melakukan pemeringkatan Perseroan;
The Internal Audit Division supports the Company in dan (iv) notaris, yang ditunjuk untuk membuat berita
exercising good corporate governance practices acara RUPS Perseroan.
through a systematic and disciplined approach.
Its responsibilities are to evaluate and provide
Audit Internal
recommendations in regards to the effectiveness of
the Company’s risk management and internal control Divisi Audit Internal mendukung Perseroan dalam
system, as well as to ensure compliance to prevailing menjalankan praktik tata kelola perusahaan yang
laws, regulations, policies and procedures. baik, melalui pendekatan yang sistematis dan
berdisiplin. Divisi Audit Internal bertanggung jawab
untuk mengevaluasi dan memberikan rekomendasi
atas efektivitas manajemen risiko dan sistem
pengendalian internal Perseroan, serta memastikan
kepatuhan Perseroan terhadap perundang-
undangan, peraturan, kebijakan, dan prosedur yang
berlaku umum.
88 LAPORAN TAHUNAN 2023
Page 91
To guide the Internal Audit Division in performing its Sebagai pedoman bagi Divisi Audit Internal dalam
duties, the BOD has established an Internal Audit menjalankan tugasnya, Direksi telah menetapkan
Charter, which outlines the organization structure, Piagam Audit Internal yang menguraikan struktur
scope of work, roles and responsibilities, authorities, organisasi, ruang lingkup pekerjaan, peran
membership requirements and code of ethics. dan tanggung jawab, wewenang, persyaratan
keanggotaan, dan kode etik.
The Internal Audit Division is led by the Head of
Internal Audit, who is appointed by the President Divisi Audit Internal dipimpin oleh Kepala Audit
Director with the approval of the BOC, and reports to Internal yang diangkat oleh Direktur Utama dengan
the President Director. persetujuan Dewan Komisaris, dan bertanggung
jawab kepada Direktur Utama.
Mr. Adrian Jogi serves as the Head of Internal Audit
based on the Letter of Appointment signed by the Bapak Adrian Jogi menjabat sebagai Kepala Audit
President Director dated 22 March 2012. He was Internal berdasarkan Surat Pengangkatan yang
previously the Deputy General Manager of the ditandatangani oleh Direktur Utama pada tanggal
Internal Audit Division (2009-2012). Before joining 22 Maret 2012. Sebelumnya, beliau menjabat sebagai
Indofood, he was part of the Chief Financial Officer Deputy General Manager Divisi Audit Internal (2009-
(CFO) Advisory and Risk Advisory Services division at 2012). Sebelum bergabung dengan Indofood, beliau
KPMG, LLP (2005-2009); and has held key positions merupakan bagian dari Divisi Chief Financial Officer
in finance, accounting, operations and information (CFO) Advisory and Risk Advisory Services dari KPMG,
technology in various companies and industries. LLP (2005-2009); dan menjabat berbagai posisi
Mr. Jogi has a Master of Business Administration penting di bagian keuangan, akuntansi, operasional,
degree in Finance from the California State University, dan teknologi informasi di berbagai perusahaan
San Bernardino, a Master of Science degree in dan industri. Bapak Adrian Jogi meraih gelar Master
Information Systems Management from Seattle Business Administration - Finance dari California
Pacific University, and a Bachelor of Economics State University, San Bernardino; Master of Science
degree in Accountancy from Trisakti University. - Information Systems Management dari Seattle
In 2023, he participated in training programs, Pacific University, dan Sarjana Ekonomi Akuntansi
workshops and seminars, including “Indonesia’s dari Universitas Trisakti. Di tahun 2023, beliau
Economic Outlook 2024”. berpartisipasi dalam program-program pelatihan,
workshop dan seminar, termasuk “Indonesia’s
In 2023, the Internal Audit Division conducted
Economic Outlook 2024”.
the following activities:
• Carried out the annual Internal Audit Plan Di sepanjang tahun 2023, Divisi Audit Internal telah
melaksanakan berbagai kegiatan berikut:
• Reviewed the effectiveness of the internal control
system, risk management system and corporate • Melaksanakan Rencana Audit Internal tahunan
governance practices, and evaluated the • Melakukan kajian atas efektivitas sistem
efficiency and effectiveness of the Company’s pengendalian internal, sistem manajemen
operations risiko dan praktik tata kelola perusahaan, serta
• Submitted and discussed internal audit reports melakukan evaluasi atas efisiensi dan efektivitas
with the senior management and conducted four operasional Perseroan
quarterly meetings with the AC and BOD • Menyampaikan dan mendiskusikan laporan
• Monitored and ensured proper and timely audit internal dengan manajemen senior serta
corrective actions by the management melakukan empat rapat kwartalan bersama
Komite Audit dan Direksi
• Memantau dan memastikan tindakan perbaikan
telah dilaksanakan secara benar dan tepat waktu
oleh manajemen
2023 ANNUAL REPORT 89
Page 92
PT INDOFOOD SUKSES MAKMUR Tbk
Internal Control System Sistem Pengendalian Internal
The internal control system includes a set of policies Sistem pengendalian internal meliputi berbagai
and control procedures put in place by the BOD kebijakan dan prosedur pengendalian yang
and management to provide adequate assurance diterapkan oleh Direksi dan manajemen guna
on effective and efficient operations, accurate memberikan keyakinan yang memadai terhadap
and reliable financial reporting, and adherence to pelaksanaan operasional yang efektif dan efisien,
prevailing regulations. The BOD is responsible for the laporan keuangan yang akurat dan dapat diandalkan,
internal control system of the Company. serta kepatuhan terhadap peraturan yang berlaku.
Direksi bertanggung jawab atas sistem pengendalian
The following elements are covered through the internal Perseroan.
Company’s internal controls:
• Control Environment, where the Company strives Pengendalian internal yang diterapkan Perseroan
to foster a working culture and environment, meliputi elemen-elemen berikut:
as well as encourage behaviors based on the • Lingkungan Pengendalian, dimana Perseroan
Indofood Core Values and Indofood Code senantiasa berupaya menciptakan budaya dan
of Conduct. lingkungan kerja serta perilaku yang mendukung
• Risk Assessment, where the Company Nilai-Nilai Dasar Indofood dan Kode Etik Indofood.
implements the Enterprise Risk Management • Penilaian Risiko, dimana Perseroan menerapkan
(ERM) framework to identify, measure and manage kerangka kerja Enterprise Risk Management (ERM)
the risks that could hinder the achievement of dalam mengidentifikasi, mengukur dan mengelola
business objectives. risiko yang berpotensi menghambat pencapaian
• Control Activities, where the Company establishes sasaran usaha.
policies and procedures to guide all operational, • Aktivitas Pengendalian, dimana Perseroan
technology, financial reporting and compliance menetapkan kebijakan dan prosedur yang
activities. berperan sebagai pedoman kegiatan operasional,
• Information and Communication, where the teknologi, pelaporan keuangan dan kepatuhan.
Company implements an integrated information • Informasi dan Komunikasi, dimana Perseroan
system to support operational activities, financial menerapkan sistem informasi terintegrasi untuk
reporting, management reporting and external mendukung kegiatan operasional, pelaporan
reporting. keuangan, pelaporan manajemen dan pelaporan
• Monitoring, where the Company, through the eksternal.
Internal Audit Division, performs testing on the • Pemantauan, dimana Perseroan, melalui Divisi
effectiveness of the internal control system and Audit Internal, melakukan pengujian atas
monitors the corrective actions of identified efektivitas sistem pengendalian internal dan
control weaknesses. memantau tindakan perbaikan atas kelemahan
pengendalian yang teridentifikasi.
From a holistic viewpoint, no major internal control
weaknesses were found in 2023. The Company’s Secara umum, tidak terdapat kelemahan
internal controls and risk management systems were pengendalian internal yang material yang
reviewed from time to time and considered adequate teridentifikasi di sepanjang tahun 2023. Sistem
in providing reasonable assurance of the Company’s pengendalian internal Perseroan, termasuk sistem
effective and efficient operations, accurate and manajemen risiko, ditelaah dari waktu ke waktu dan
reliable financial reporting, and compliance with dipandang memadai dalam memberikan keyakinan
prevailing laws, regulations, policies and procedures. yang wajar atas pelaksanaan kegiatan operasional
yang efektif dan efisien, pelaporan keuangan yang
akurat dan dapat diandalkan, serta kepatuhan
terhadap perundang-undangan, peraturan,
kebijakan, dan prosedur yang berlaku.
90 LAPORAN TAHUNAN 2023
Page 93
Risk Management System Sistem Manajemen Risiko
The Company’s ERM framework is based on the Perseroan telah menerapkan kerangka kerja ERM
integrated risk management framework developed berdasarkan kerangka kerja manajemen risiko
by the Committee of Sponsoring Organizations of yang terintegrasi yang disusun oleh Committee
the Treadway Commission (COSO). of Sponsoring Organizations of the Treadway
Commission (COSO).
Risk management is carried out through a top-down
approach that involves the BOD in the evaluation of Pengelolaan risiko Perseroan dilakukan melalui
high-level risks and a bottom-up approach where pendekatan top-down yang melibatkan Direksi
subsidiaries and business units would assess the dalam mengevaluasi risiko-risiko utama secara
risks specific to their operations. The Corporate ERM keseluruhan; serta pendekatan bottom-up yang
team comprehensively analyzes and consolidates melibatkan anak perusahaan dan unit usaha dalam
the identified key risks, and submits periodic reports mengkaji risiko-risiko yang spesifik di masing-masing
capturing the risk exposures and mitigating measures unit usaha. Tim Corporate ERM melakukan analisa
to the BOD and the AC. secara komprehensif dan mengkonsolidasi berbagai
risiko utama yang teridentifikasi, serta menyampaikan
In 2023, the Company has effectively implemented
laporan berkala mengenai paparan risiko dan
the ERM system to provide reasonable assurance
tindakan mitigasi yang dilakukan kepada Direksi dan
that significant risks were identified and mitigating
Komite Audit.
measures were implemented.
Di tahun 2023, Perseroan telah menerapkan sistem
The following were identified as top risks in 2023:
ERM secara efektif untuk memberikan keyakinan
Global Warming and Climate Change Risk yang memadai bahwa risiko-risiko yang signifikan
dan rencana mitigasinya telah teridentifikasi
The risks of extreme weather and climate change have dan dilaksanakan.
risen at an alarming rate. Global warming has led to
unpredictable weather patterns and higher recurrence Berikut adalah risiko-risiko utama yang teridentifikasi
of natural disasters. These events have a direct impact selama tahun 2023:
on the Company’s facilities and assets, and can cause
Risiko Pemanasan Global dan Perubahan Iklim
disruptions to production, supply of raw material and
delivery of finished products. Ancaman cuaca ekstrim dan perubahan iklim terus
meningkat dan sudah berada pada tingkat yang
To mitigate such risks, the Company maintained
mengkhawatirkan. Pemanasan global telah
an adequate stockpile of raw materials, cultivated
berdampak pada perubahan pola cuaca yang
strong relationships with local and foreign suppliers,
semakin sulit diprediksi dan peningkatan frekuensi
established contingency plans for disasters, and
bencana alam. Kejadian-kejadian tersebut tidak
ensured adequate insurance coverage against
hanya berdampak langsung pada fasilitas dan aset
financial loss. The Company’s initiatives to mitigate
Perseroan, namun juga menyebabkan gangguan
the impact of climate change can be found in the
pada ketersediaan bahan baku, proses produksi, dan
Sustainability Report.
distribusi produk.
Guna memitigasi risiko tersebut, Perseroan menjaga
tingkat persediaan bahan baku yang cukup, menjalin
kemitraan dengan para pemasok dalam dan luar
negeri, menetapkan langkah-langkah kontinjensi
dalam menghadapi bencana, serta memastikan
adanya perlindungan asuransi yang memadai untuk
perlindungan terhadap kerugian finansial. Inisiatif
Perseroan untuk memitigasi pengaruh perubahan
iklim tercantum pada Laporan Keberlanjutan.
2023 ANNUAL REPORT 91
Page 94
PT INDOFOOD SUKSES MAKMUR Tbk
Uncertainty of Global Economic Condition Ketidakpastian Kondisi Ekonomi Global
Geopolitical conflict could threaten the post- Konflik geopolitik dapat mengancam pemulihan
pandemic recovery of global economies. Disruptions kondisi ekonomi global paska pandemi. Konflik
in the main shipping routes could trigger a surge in yang terjadi di jalur-jalur utama pengiriman barang
energy prices and hamper commodity supplies. berpotensi memicu kenaikan harga energi dan
These conditions could lead to higher energy and raw mengganggu pasokan berbagai komoditas. Kondisi
material prices, increased inflation rates, fluctuations tersebut berdampak pada kenaikan harga energi dan
in the IDR-USD exchange rate, and a slowdown in bahan baku, meningkatnya tingkat inflasi, fluktuasi
economic growth. nilai tukar Rupiah terhadap Dolar Amerika Serikat, dan
memperlambat pertumbuhan ekonomi.
The Company managed such risks by closely
monitoring economic situations and conditions to Perseroan mengelola risiko tersebut dengan
enable prompt and appropriate actions, such as memantau situasi dan kondisi ekonomi secara
diversifying suppliers from various geographical ketat untuk dapat mengambil langkah-langkah
areas, agreements with suppliers for a certain mitigasi yang tepat, seperti melakukan diversifikasi
time, and analyzing inventory levels to assess pemasok dari berbagai wilayah geografis,
inventory reserve needs. The Company also kesepakatan dengan pemasok untuk jangka waktu
implemented a cost-savings program and prioritized tertentu, dan menganalisa tingkat persediaan untuk
business expenditures. menilai kebutuhan cadangan persediaan. Selain
itu, Perseroan senantiasa menerapkan program
Commodity and Raw Material Price Increase Risk penghematan biaya dan melakukan pengeluaran
The Company’s costs of production and prices dengan lebih bijak.
of finished products are subject to fluctuations Risiko Kenaikan Harga Komoditas dan Bahan Baku
in commodities and raw materials prices. Such
fluctuations are influenced by several factors, Biaya produksi dan harga jual produk yang dihasilkan
including the demand and supply of commodities Perseroan dipengaruhi oleh fluktuasi harga berbagai
and raw materials, weather conditions, consumption komoditas dan bahan baku. Beberapa faktor yang
trends, local regulations, economic conditions, mempengaruhi fluktuasi harga antara lain tingkat
Rupiah exchange rates and geopolitical events. permintaan dan pasokan komoditas dan bahan baku,
kondisi cuaca, tren konsumsi, regulasi dari pemerintah,
To mitigate such risks, the Company strengthened its kondisi perekonomian, nilai tukar Rupiah terhadap
supply chain by building strategic partnerships with mata uang asing dan peristiwa geopolitik.
local farmers and suppliers, diversifying raw material
supplies and substituting costly commodities and Untuk memitigasi risiko ini, Perseroan terus
raw materials while maintaining the quality of finished memperkuat mata rantai pasokan dengan menjalin
products. Regular simulations were conducted kemitraan strategis dengan para petani dan pemasok
to review the impacts of price fluctuations on the dalam negeri, memperluas diversifikasi pemasok
Company’s performance. bahan baku, dan menggunakan subtitusi bahan
baku berbiaya tinggi tanpa mengurangi kualitas dari
Food Safety Risk produk akhir. Secara rutin, simulasi harga komoditas
As a packaged food and beverages producer serving dan bahan baku dilakukan untuk menelaah dampak
consumers of all ages, the Company is exposed to pergerakan harga terhadap kinerja Perseroan.
inherent food safety risks for the finished goods Risiko Keamanan Pangan
that are produced, distributed and consumed by
consumers. To mitigate such risks, the Company Sebagai produsen makanan dan minuman dalam
imposes stringent controls across all stages of kemasan yang melayani konsumen untuk segala
manufacturing, from raw material sourcing and usia, Perseroan menghadapi risiko bawaan
handling to production, storage of finished products terhadap keamanan pangan atas produk jadi
and product distribution. yang dihasilkan, dipasarkan, dan dikonsumsi oleh
para konsumen. Untuk memitigasi risiko tersebut,
Perseroan senantiasa mengawasi secara ketat
setiap tahapan proses pengolahan, dari penyediaan
dan penanganan bahan baku hingga produksi,
penyimpanan dan distribusi produk jadi.
92 LAPORAN TAHUNAN 2023
Page 95
The Company’s standard operating procedures Standar prosedur operasional Perseroan juga telah
embody the principles of Good Manufacturing mengadopsi prinsip-prinsip Praktik Pengolahan
Practices (GMP), and international quality and food Pangan yang Baik (GMP) serta standar mutu dan
safety standards, including ISO 9001, ISO 22000, keamanan pangan internasional, seperti ISO 9001,
FSSC 22000 and the Hazard Analysis & Critical ISO 22000, FSSC 22000 dan Hazard Analysis &
Control Points (HACCP). All of the Company’s Critical Control Points (HACCP). Seluruh produk
products are Halal-certified according to Halal Perseroan telah memperoleh sertifikasi Halal sesuai
Product Assurance (JPH) regulations and comply with ketentuan Jaminan Produk Halal (JPH), dan berbagai
other certifications, such as the Indonesian National sertifikasi lain, seperti sertifikasi Standar Nasional
Standard and Marketing Authorization from the Indonesia dan Ijin Edar dari Badan Pengawas Obat
Indonesian Food and Drug Authority (BPOM RI). dan Makanan Republik Indonesia (BPOM RI).
To improve product quality and extend the best Guna terus meningkatkan mutu produk dan memberi
service standards to consumers, the Company layanan yang terbaik kepada pelanggan, Perseroan
has established the Indofood Customer Service to telah membentuk fungsi Layanan Konsumen Indofood
manage consumer feedback. untuk mengelola masukan dari konsumen.
Competition Risk Risiko Persaingan
The Company operates in a highly competitive Perseroan beroperasi pada industri makanan dan
food and beverages industry, where domestic and minuman yang kompetitif, dimana perusahaan-
international companies are constantly vying for perusahaan dari dalam dan luar negeri juga berupaya
market shares and business opportunities. Such meraih pangsa pasar dan berbagai peluang.
competition could affect the Company’s ability to Tingkat persaingan tersebut dapat mempengaruhi
maintain or increase its sales volume, which could kemampuan Perseroan dalam mempertahankan atau
directly affect the Company’s performance. meningkatkan volume penjualannya yang secara
langsung dapat mempengaruhi kinerja Perseroan.
The Company regularly monitored the market
environment, conducted market research, undertook Perseroan secara terus-menerus memantau kondisi
product innovation to meet evolving consumer pasar, melakukan riset pasar, melakukan inovasi
needs and preferences, improved product produk guna memenuhi perubahan kebutuhan dan
quality, performed targeted marketing activities, selera konsumen, meningkatkan kualitas produk,
implemented cost efficiency programs and menjalankan kegiatan pemasaran yang tepat
enhanced customer service quality. sasaran, menerapkan program efisiensi biaya, serta
meningkatkan kualitas layanan kepada konsumen.
Sustainability Risk
Risiko Keberlanjutan
The environmental, social and economic aspects
of the businesses are pivotal to the long-term, Aspek lingkungan, sosial dan ekonomi berperan
sustainable growth of the Company. Environmental penting dalam pertumbuhan usaha Perseroan
factors affect the continuous supply of good quality yang berkelanjutan secara jangka panjang. Aspek
raw materials and natural resources needed for the lingkungan mempengaruhi ketersediaan pasokan
Company’s operations, while social and economic bahan baku yang berkualitas dan sumber daya
factors influence the productivity and wellbeing of alam yang diperlukan secara terus-menerus dalam
employees, living conditions of local communities kegiatan operasional Perseroan, sedangkan aspek
around operational areas, and consumers who sosial dan ekonomi mempengaruhi kualitas hidup
purchase and consume the products. karyawan yang berdampak pada produktivitas
mereka, kehidupan komunitas di sekitar area
The Company managed such risks by instilling operasional, serta konsumen yang membeli dan
sustainable practices in all its business activities. mengkonsumsi produk-produk Perseroan.
The Company complied with all prevailing
Perseroan mengelola risiko tersebut dengan
berupaya menanamkan praktik-praktik keberlanjutan
dalam kegiatan usahanya. Perseroan senantiasa
memastikan kepatuhan terhadap peraturan
2023 ANNUAL REPORT 93
Page 96
PT INDOFOOD SUKSES MAKMUR Tbk
environmental regulations and closely monitored its pengelolaan lingkungan yang berlaku dan
environmental management activities. The Company memantau pelaksanaan kegiatan pengelolaan
also complied with all employment and health and lingkungannya. Perseroan juga senantiasa menaati
safety regulations and conducted regular employee peraturan ketenagakerjaan dan keselamatan kerja
communication, health and safety training and yang berlaku; melakukan sosialisasi, pelatihan dan
monitoring to ensure safe and conducive working pemantauan untuk mendukung lingkungan kerja yang
conditions. The Company actively participated in aman dan kondusif; berpartisipasi dalam kegiatan
community development activities, produced safe, pengembangan masyarakat, memproduksi produk
halal and good-quality products, and advocated yang aman, halal dan berkualitas, serta meningkatkan
food safety and balanced nutrition to the public. The pemahaman masyarakat atas keamanan pangan dan
Company developed inclusive sales programs that gizi yang seimbang. Perseroan mengembangkan
encourage SME participation. Additional information program-program penjualan yang meningkatkan
on the Company’s sustainability initiatives can be keterlibatan pelaku usaha kecil dan menengah.
found in the Sustainability Report. Informasi lebih lanjut mengenai inisiatif berkelanjutan
Perseroan tercantum pada Laporan Keberlanjutan.
Cyber Security Risk
Risiko Keamanan Siber
As the world becomes increasingly connected,
there is a growing need to incorporate more digital Di tengah dunia yang semakin terkoneksi, kebutuhan
technologies into daily operations. The rise of akan teknologi digital dalam kehidupan sehari-hari
digitalization, however, has led to a rampant increase meningkat. Seiring dengan perkembangan digitalisasi
in the number of cyber-attacks and cyber-threats. tersebut, berbagai ancaman dan serangan siber
Being an organization with a significant level of juga semakin meningkat. Sebagai organisasi yang
digitalization in its business processes, the Company telah memiliki tingkat digitalisasi yang signifikan
has to stay vigilant by constantly adapting its cyber dalam proses bisnisnya, Perseroan harus selalu
security measures to safeguard IT systems and day- meningkatkan kewaspadaan dengan terus
to-day operations against any form of disruptions mengadaptasi sistem keamanan siber secara terukur
and data breaches by malicious actors. untuk menjaga keamanan sistem TI dan kelancaran
kegiatan operasional sehari-hari dari segala bentuk
The Company has implemented security platforms gangguan dan pencurian data oleh pihak-pihak yang
with automated controls to detect and prevent tidak berwenang.
cyber-attacks and other digital threats, strengthened
and upgraded its cyber security tools, established IT Perseroan telah mengimplementasikan platform
security policies, and conducted IT general controls keamanan dengan kontrol otomatis untuk mendeteksi
audits and testing. For contingency planning, a dan mencegah serangan siber dan ancaman digital
disaster recovery system has been established lainnya, memperkuat dan memutakhirkan perangkat
to ensure business continuity in the event of keamanan siber perusahaan, membuat kebijakan
system disruptions. keamanan TI, serta melaksanakan audit dan pengujian
kontrol umum TI. Sebagai rencana kontijensi,
Legal Compliance sistem pemulihan bencana telah dibangun untuk
memastikan kelangsungan operasional jika terjadi
As of 31 December 2023, the Company and the gangguan sistem.
members of the BOC and BOD were not liable for
any civil, criminal or bankruptcy charges in the State
Kepatuhan Hukum
Administrative Court, or any arbitration cases in the
Indonesian National Board of Arbitration, or any Per 31 Desember 2023, Perseroan beserta anggota
labor cases in the Industrial Relations Court that may Dewan Komisaris dan Direksi tidak sedang terkait
significantly affect the Company’s performance. dalam suatu perkara perdata, pidana, atau kepailitan
di Pengadilan Administrasi Negara, maupun perkara
arbitrase di Badan Arbitrase Nasional Indonesia
(BANI), atau perkara ketenagakerjaan di Pengadilan
Hubungan Industrial yang dapat mempengaruhi
kinerja usaha Perseroan secara signifikan.
94 LAPORAN TAHUNAN 2023
Page 97
Implementation of OJK Recommendations Penerapan Rekomendasi OJK Mengenai
on Corporate Governance Guideline for Pedoman Tata Kelola Perusahaan Terbuka
Public Companies
No. Recommendation Remarks
No. Rekomendasi Keterangan
1.1 Public Companies have a voting or technical The Company has a voting or technical procedure, either
procedure, either by open or closed ballot, that by open or closed ballot, that promotes independence
promotes independence and shareholders’ interest. and shareholders’ interest. Please refer to page 74 of this
Perusahaan Terbuka memiliki cara atau prosedur Annual Report for more information.
teknis pengumpulan suara (voting) baik secara Perseroan memiliki cara atau prosedur teknis
terbuka maupun tertutup yang mengedepankan pengumpulan suara (voting) baik secara terbuka maupun
independensi, dan kepentingan pemegang saham. tertutup yang mengedepankan independensi, dan
kepentingan pemegang saham. Harap merujuk pada
halaman 74 dari Laporan Tahunan ini untuk informasi lebih
lanjut.
1.2 All members of the BOC and the BOD of the Public All members of the Company’s BOC and BOD were
Company are present at the annual GMS. present at the annual GMS, except for those who were
Seluruh anggota Direksi dan anggota Dewan indicated unavailable.
Komisaris Perusahaan Terbuka hadir dalam RUPS Seluruh anggota Direksi dan anggota Dewan Komisaris
Tahunan. Perseroan hadir dalam RUPS Tahunan, kecuali yang
dinyatakan berhalangan.
1.3 A summary of the minutes of the GMS is available on A summary of the minutes of the GMS is available on the
the Public Company’s website for at least one year. Company’s website for at least one year.
Ringkasan risalah RUPS tersedia dalam situs web Ringkasan risalah RUPS tersedia dalam situs web
Perusahaan Terbuka paling sedikit selama satu tahun. Perseroan selama sekurangnya satu tahun.
2.1 Public Companies have a policy on communication The Company has a policy on communication with
with shareholders or investors. shareholders and investors. Please refer to page 101 of
Perusahaan Terbuka memiliki suatu kebijakan this Annual Report for more information.
komunikasi dengan pemegang saham atau investor. Perseroan memiliki kebijakan komunikasi dengan
pemegang saham atau investor. Harap merujuk pada
halaman 101 dari Laporan Tahunan ini untuk informasi
lebih lanjut.
2.2 Public Companies disclose the policy on The Company discloses its policy on communication
communication with shareholders or investors in with shareholders and investors on its website.
their websites. Perseroan mengungkapkan kebijakan komunikasi
Perusahaan Terbuka mengungkapkan kebijakan dengan pemegang saham dan investor dalam situs web
komunikasi Perusahaan Terbuka dengan pemegang Perseroan.
saham atau investor dalam situs web.
3.1 The number of BOC members has taken into The number of BOC members has taken into
consideration the conditions and requirements of the consideration the conditions and requirements of the
Public Company. Company. Please refer to page 78 of this Annual Report
Penentuan jumlah anggota Dewan Komisaris for more information.
mempertimbangkan kondisi Perusahaan Terbuka. Penentuan jumlah anggota Dewan Komisaris
mempertimbangkan kondisi Perseroan. Harap merujuk
pada halaman 78 dari Laporan Tahunan ini untuk
informasi lebih lanjut.
3.2 The BOC composition has taken into consideration The Company’s BOC composition has taken into
the required diversity of skills, knowledge and consideration the required diversity of skills, knowledge
experiences. and experience. Please refer to page 120-127 of this
Penentuan komposisi anggota Dewan Komisaris Annual Report for more information.
memperhatikan keberagaman keahlian, Penentuan komposisi anggota Dewan Komisaris
pengetahuan, dan pengalaman yang dibutuhkan. Perseroan memperhatikan keberagaman keahlian,
pengetahuan, dan pengalaman yang dibutuhkan. Harap
merujuk pada halaman 120-127 dari Laporan Tahunan ini
untuk informasi lebih lanjut.
2023 ANNUAL REPORT 95
Page 98
PT INDOFOOD SUKSES MAKMUR Tbk
No. Recommendation Remarks
No. Rekomendasi Keterangan
4.1 The BOC has a self-assessment policy to evaluate The Company’s BOC has a self-assessment policy to
their performance. evaluate its performance. Please refer to page 80 of
Dewan Komisaris mempunyai kebijakan penilaian this Annual Report for more information.
sendiri (self-assessment) untuk menilai kinerja Dewan Komisaris Perseroan mempunyai kebijakan
Dewan Komisaris. penilaian sendiri (self-assessment) untuk menilai kinerja
Dewan Komisaris. Harap merujuk pada halaman 80 dari
Laporan Tahunan ini untuk informasi lebih lanjut.
4.2 The BOC’s self-assessment policy is disclosed in the The BOC’s self-assessment policy is disclosed in the
Annual Report of the Public Company. Annual Report of the Company. Please refer to page 80
Kebijakan penilaian sendiri (self-assessment) untuk of this Annual Report for more information.
menilai kinerja Dewan Komisaris diungkapkan melalui Kebijakan penilaian sendiri (self-assessment) untuk menilai
Laporan Tahunan Perusahaan Terbuka. kinerja Dewan Komisaris diungkapkan melalui Laporan
Tahunan Perseroan. Harap merujuk pada halaman 80 dari
Laporan Tahunan ini untuk informasi lebih lanjut.
4.3 The BOC has a policy on the resignation of its The Company’s BOC has a policy on the resignation of its
members who are involved in a financial crime. members who are involved in a financial crime. All BOC
Dewan Komisaris mempunyai kebijakan terkait members are required to comply with the law and Code
pengunduran diri anggota Dewan Komisaris apabila of Conduct. Any violation resulting in the resignation
terlibat dalam kejahatan keuangan. or dismissal of a BOC member is subject to the GMS
decision in accordance with the Company’s AOA.
Dewan Komisaris Perseroan mempunyai kebijakan
terkait pengunduran diri anggota Dewan Komisaris
apabila terlibat dalam kejahatan keuangan. Seluruh
anggota Dewan Komisaris diwajibkan untuk mematuhi
hukum dan Kode Etik. Pelanggaran yang berakibat pada
pengunduran diri dan/atau pemberhentian anggota
Dewan Komisaris merupakan kewenangan RUPS sesuai
AD Perseroan.
4.4 The BOC or Committee that conducts the nomination The NRC, which conducts the nomination and
and remuneration function arrange a succession remuneration function, has responsibilities related to
policy in the nomination process of BOD members. succession in the nomination process of BOD members.
Dewan Komisaris atau Komite yang menjalankan Please refer to page 85 of this Annual Report for
fungsi nominasi dan remunerasi menyusun kebijakan more information.
suksesi dalam proses nominasi anggota Direksi. Komite Nominasi dan Remunerasi, yang menjalankan
fungsi nominasi dan remunerasi, mempunyai tanggung
jawab terkait suksesi dalam proses nominasi anggota
Direksi. Harap merujuk pada halaman 85 dari Laporan
Tahunan ini untuk informasi lebih lanjut.
5.1 The number of BOD members has taken into The number of BOD members has taken into
consideration the conditions of the Public Company consideration the conditions of the Company and
and the effectiveness of decision making. the effectiveness of decision-making. Please refer to
Penentuan jumlah anggota Direksi page 80 of this Annual Report for more information.
mempertimbangkan kondisi Perusahaan Terbuka Penentuan jumlah anggota Direksi mempertimbangkan
serta efektivitas pengambilan keputusan. kondisi Perseroan serta efektivitas pengambilan
keputusan. Harap merujuk pada halaman 80 dari
Laporan Tahunan ini untuk informasi lebih lanjut.
5.2 The BOD composition has taken into consideration The Company’s BOD composition has taken into
the required diversity of skills, knowledge and consideration the required diversity of skills, knowledge
experiences. and experience. Please refer to page 130-140 of this
Penentuan komposisi anggota Direksi Annual Report for more information.
memperhatikan keberagaman keahlian, Penentuan komposisi anggota Direksi Perseroan
pengetahuan, dan pengalaman yang dibutuhkan. memperhatikan keberagaman keahlian, pengetahuan
dan pengalaman yang dibutuhkan. Harap merujuk
pada halaman 130-140 dari Laporan Tahunan ini untuk
informasi lebih lanjut.
96 LAPORAN TAHUNAN 2023
Page 99
No. Recommendation Remarks
No. Rekomendasi Keterangan
5.3 The BOD member overseeing accounting or The Company’s BOD member overseeing accounting
finance has the requisite skills and/or knowledge in or finance has the requisite skills and knowledge in
accounting. accounting. Please refer to page 130-140 of this Annual
Anggota Direksi yang membawahi bidang akuntansi Report for more information.
atau keuangan memiliki keahlian dan/atau Anggota Direksi Perseroan yang membawahi bidang
pengetahuan di bidang akuntansi. akuntansi atau keuangan memiliki keahlian dan
pengetahuan di bidang akuntansi. Harap merujuk
pada halaman 130-140 dari Laporan Tahunan ini untuk
informasi lebih lanjut.
6.1 The BOD has a self-assessment policy to evaluate The BOD has a self-assessment policy to evaluate its
their performance. performance. Please refer to page 83 of this Annual
Direksi mempunyai kebijakan penilaian sendiri (self- Report for more information.
assessment) untuk menilai kinerja Direksi. Direksi mempunyai kebijakan penilaian sendiri (self-
assessment) untuk menilai kinerja Direksi. Harap
merujuk pada halaman 83 dari Laporan Tahunan ini
untuk informasi lebih lanjut.
6.2 The BOD’s self-assessment policy is disclosed in the The BOD’s self-assessment policy is disclosed in the
Annual Report of the Public Company. Annual Report of the Company. Please refer to page 83
Kebijakan penilaian sendiri (self-assessment) untuk of this Annual Report for more information.
menilai kinerja Direksi diungkapkan melalui Laporan Kebijakan penilaian sendiri (self-assessment) untuk
Tahunan Perusahaan Terbuka. menilai kinerja Direksi diungkapkan melalui Laporan
Tahunan Perseroan. Harap merujuk pada halaman 83
dari Laporan Tahunan ini untuk informasi lebih lanjut.
6.3 The BOD has a policy on the resignation of its The Company’s BOD has a policy on the resignation
members who are involved in a financial crime. of its members who are involved in a financial crime.
Direksi mempunyai kebijakan terkait pengunduran diri All BOD members are required to comply with the law
anggota Direksi apabila terlibat dalam kejahatan. and Code of Conduct. Any violation resulting in the
resignation or dismissal of a BOD member is subject to
the GMS decision according to the Company’s AOA.
Direksi Perseroan mempunyai kebijakan terkait
pengunduran diri anggota Direksi apabila terlibat
dalam kejahatan keuangan. Seluruh anggota Direksi
diwajibkan untuk mematuhi hukum dan Kode Etik.
Pelanggaran yang berakibat pada pengunduran diri
atau pemberhentian anggota Direksi merupakan
kewenangan RUPS sesuai AD Perseroan.
7.1 Public Companies have a policy to prevent The Company has a policy to prevent insider trading as
insider trading. stipulated in its Code of Conduct and internal policies
Perusahaan Terbuka memiliki kebijakan untuk and procedures.
mencegah terjadinya insider trading. Perseroan memiliki kebijakan untuk mencegah
terjadinya insider trading yang telah diatur dalam Kode
Etik serta kebijakan dan prosedur internal.
7.2 Public Companies have an anti-corruption and anti- The Company has an anti-corruption and anti-fraud
fraud policy. policy as stipulated in its Code of Conduct and internal
Perusahaan Terbuka memiliki kebijakan anti korupsi dan policies and procedures.
anti-fraud. Perseroan memiliki kebijakan anti korupsi dan anti-
fraud yang telah diatur dalam Kode Etik serta kebijakan
dan prosedur internal.
7.3 a. Public Companies have a policy on supplier or a. The Company has a policy on supplier and vendor
vendor selection. selection as stipulated in its Code of Conduct and
Perusahaan Terbuka memiliki kebijakan tentang internal policies and procedures.
seleksi pemasok atau vendor. Perseroan memiliki kebijakan tentang seleksi
b. Public Companies have a policy on suppliers’ or pemasok atau vendor yang telah diatur dalam Kode
vendors’ capability improvement. Etik serta kebijakan dan prosedur internal.
Perusahaan Terbuka memiliki kebijakan tentang b. The Company has a policy on supplier or vendor
peningkatan kemampuan pemasok atau vendor. capability improvement as stipulated in its Code of
Conduct and internal policies and procedures.
Perseroan memiliki kebijakan tentang peningkatan
kemampuan pemasok atau vendor yang telah diatur
dalam Kode Etik serta kebijakan dan prosedur internal.
2023 ANNUAL REPORT 97
Page 100
PT INDOFOOD SUKSES MAKMUR Tbk
No. Recommendation Remarks
No. Rekomendasi Keterangan
7.4 Public Companies have a policy on the fulfilment of The Company has a policy on the fulfilment of creditors’
creditors’ rights. rights as stipulated in its Code of Conduct and internal
Perusahaan Terbuka memiliki kebijakan tentang policies and procedures. The creditor rights were also
pemenuhan hak-hak kreditur. established through mutual agreement with the parties
involved.
Perseroan memiliki kebijakan tentang pemenuhan
hak-hak kreditur yang telah diatur dalam Kode Etik
serta kebijakan dan prosedur internal. Hak-hak kreditur
juga diatur melalui perjanjian yang telah disetujui kedua
belah pihak.
7.5 Public Companies have a policy on whistleblowing. The Company has a policy on whistleblowing. Please
Perusahaan Terbuka memiliki kebijakan refer to page 100 of this Annual Report for more
sistem whistleblowing. information.
Perseroan memiliki kebijakan sistem whistleblowing.
Harap merujuk pada halaman 100 dari Laporan Tahunan
ini untuk informasi lebih lanjut.
7.6 Public Companies have a policy on providing long- The Company considers the existing remuneration
term incentives for the BOD and employees. structure and policy are adequate to support the
Perusahaan Terbuka memiliki kebijakan pemberian performance of the BOD and employees in driving the
insentif jangka panjang kepada Direksi dan Karyawan. Company’s performance for the long term.
Perseroan memandang bahwa struktur dan kebijakan
remunerasi yang berlaku saat ini telah memadai untuk
mendukung kinerja Direksi dan karyawan dalam
mendorong kinerja Perseroan secara jangka panjang.
8.1 Public Companies utilize a broader range of The Company leverages a broad range of information
information technology other than its website to technology, besides its website, in disclosing public
facilitate disclosure of information. information. Please refer to page 101 of this Annual
Perusahaan Terbuka memanfaatkan penggunaan Report for more information.
teknologi informasi secara lebih luas selain situs web Perseroan memanfaatkan penggunaan teknologi
sebagai media keterbukaan informasi. informasi secara lebih luas selain situs web sebagai
media keterbukaan informasi. Harap merujuk pada
halaman 101 dari Laporan Tahunan ini.
8.2 The Annual Report of the Public Company discloses The Annual Report of the Company discloses the
the ultimate beneficiaries of share ownership of ultimate beneficiaries of share ownership with at
at least 5%, other than disclosing the ultimate least 5% and shares owned by the majority and
beneficiaries of shares owned by the majority and controlling shareholder. Please refer to page 8 of this
controlling shareholder. Annual Report for more information.
Laporan Tahunan Perusahaan Terbuka Laporan Tahunan Perseroan mengungkapkan pemilik
mengungkapkan pemilik manfaat akhir dalam manfaat akhir dengan kepemilikan saham Perseroan
kepemilikan saham Perusahaan Terbuka paling paling sedikit 5% (lima persen) dan kepemilikan
sedikit 5%, selain pengungkapan pemilik manfaat saham Perseroan oleh pemegang saham utama
akhir dalam kepemilikan saham Perusahaan Terbuka dan pengendali. Harap merujuk pada halaman 8 dari
melalui pemegang saham utama dan pengendali. Laporan Tahunan ini untuk informasi lebih lanjut.
Administrative Sanctions Sanksi Administratif
In the financial year of 2023, the Company and Perseroan beserta anggota Dewan Komisaris
members of the BOC and BOD were not subjected to dan Direksi tidak ada yang mendapatkan sanksi
any administrative sanctions by the capital market or administratif dari otoritas pasar modal maupun
any other authorities. otoritas lainnya di tahun buku 2023.
98 LAPORAN TAHUNAN 2023
Page 101
Code of Conduct Kode Etik
The Company’s Code of Conduct (“Indofood Code Kode Etik Perseroan (“Kode Etik Indofood”) berlaku
of Conduct”) applies to the entire Company, including untuk seluruh bagian dari Perseroan, termasuk
all Indofood subsidiaries (“Indofood Group”), the seluruh anak perusahaannya (“Grup Indofood”),
BOC, BOD and all employees of the Indofood Dewan Komisaris, Direksi dan semua karyawan Grup
Group (“Company Members”), as well as the organs Indofood (“Anggota Perusahaan”), serta pendukung
supporting the Indofood Group (“Organ Support”). organ Grup Indofood (“Pendukung Organ”). Kode
The Indofood Code of Conduct also serves as a Etik Indofood juga berfungsi sebagai pedoman
reference for the subsidiaries in establishing their dalam penyusunan kode etik anak perusahaan yang
respective codes of conduct. menyusun kode etiknya sendiri.
The Indofood Code of Conduct comprises a policy Kode Etik terdiri dari kebijakan Etika Bisnis Perusahaan
on Company Business Ethics and a policy on Work dan kebijakan Etika Kerja yang berlaku bagi seluruh
Ethics, applicable to all Company Members and Anggota Perusahaan dan Pendukung Organ.
Organ Support.
Kebijakan Etika Bisnis Perusahaan mengatur antara lain:
The policy on Company Business Ethics regulates the a. Ketaatan Terhadap Hukum dan Peraturan
following, among others:
b. Hubungan dengan Pemegang Saham
a. Compliance with Laws and Regulations
c. Hubungan dengan Pelanggan
b. Relationships with the Shareholders
d. Hubungan dengan Mitra Usaha
c. Relationships with the Customers
e. Kerahasiaan Informasi
d. Relationships with the Business Partners
f. Tanggung Jawab Sosial Perusahaan
e. Confidentiality of Information
g. Pemeliharaan Lingkungan
f. Corporate Social Responsibility
h. Keselamatan dan Kesehatan Kerja
g. Environmental Conservation
i. Perlakuan yang Wajar
h. Occupational Health and Safety
i. Fair Treatment Kebijakan Etika Kerja antara lain mengatur hal-hal berikut:
a. Ketaatan Terhadap Hukum dan Peraturan
The policy on Work Ethics regulates the following,
b. Penyalahgunaan Kekuasaan dan Tindak
among others:
Kekerasan
a. Compliance with Laws and Regulations
c. Perlindungan dan Penggunaan Aset Berwujud
b. Abuse of Authority and Harsh Treatment dan Aset Tidak Berwujud
c. Protection and Use of Tangible and Intangible Assets d. Pekerjaan Lain di Luar Perusahaan
d. Other Work Outside the Company e. Benturan Kepentingan dan Transaksi dengan
e. Conflict of Interest and Transaction with Related Pihak Terkait
Parties f. Gratifikasi
f. Gratification g. Obat-obatan Terlarang dan Minuman Keras
g. Illegal Drugs and Alcoholic Beverages/Liquor h. Perjudian
h. Gambling i. Senjata
i. Weapons j. Hubungan Organisasi/Politik
j. Organizational/Political Relation k. Insider Trading
k. Insider Trading
2023 ANNUAL REPORT 99
Page 102
PT INDOFOOD SUKSES MAKMUR Tbk
Any violation of the Indofood Code of Conduct shall Setiap pelanggaran atas Kode Etik Indofood dapat
be considered a breach of employment contract, dianggap sebagai pelanggaran terhadap persyaratan
which may result in disciplinary action. ketenagakerjaan serta dapat mengakibatkan
pemberian tindakan disipliner.
The Indofood Code of Conduct is communicated at
all employee briefings and is readily accessible from Kode Etik Indofood dikomunikasikan melalui kegiatan
the employee web portal. orientasi karyawan dan dapat diakses melalui portal
web internal.
Violation Reporting
Pelaporan Pelanggaran
Any suspected violation of the Indofood Code of
Conduct can be reported via email at Indikasi atas pelanggaran terhadap Kode Etik
kode.etik@indofood.co.id or through the Indofood dapat disampaikan melalui alamat surat
established mechanism within the operating units. A elektronik kode.etik@indofood.co.id atau melalui
team designated by the Company will be assigned mekanisme yang telah terdapat di unit operasional.
to handle each report. All information will be treated Setiap pelaporan akan ditangani oleh tim yang telah
with strict confidentiality to protect the individual ditunjuk. Perseroan menjaga kerahasiaan seluruh
making the report. In 2023, the Company received informasi untuk memastikan perlindungan kepada
three notable reports, all of which were deemed valid pelapor. Di tahun 2023, Perseroan menerima tiga
and followed up. laporan yang patut diperhatikan, dimana seluruh
laporan dianggap memadai dan ditindaklanjuti.
Company Culture
Budaya Perusahaan
The Company’s culture is guided by the Indofood
Core Values that encourage employee behaviors that Budaya perusahaan berpedoman pada Nilai-Nilai
are aligned with the Company’s vision and mission. Dasar Indofood guna mendorong perilaku karyawan
yang sejalan dengan visi dan misi Perseroan.
The Company’s core values are:
• Discipline Nilai-nilai yang dianut oleh Perseroan meliputi:
• Integrity • Disiplin
• Respect • Integritas
• Unity • Menghargai
• Excellence • Kesatuan
• Innovation • Keunggulan
• Inovasi
100 LAPORAN TAHUNAN 2023
Page 103
Employee Stock Ownership Program Program Kepemilikan Saham
oleh Karyawan
In 2023, the Company did not introduce any Employee
or Management Stock Ownership Program. Selama tahun 2023, Perseroan tidak
menyelenggarakan Program Pemilikan Saham
Investor Relations Karyawan atau Manajemen.
As a public-listed company, the Company maintains Hubungan Investor
timely, transparent and open communications of its
financial results, strategy and other relevant matters Sebagai perusahaan publik, Perseroan menjaga
with all the shareholders, corporate investors and komunikasi yang baik, transparan dan terbuka
analysts through the Investor Relations Division. mengenai kinerja keuangan, strategi dan hal-hal
relevan lainnya dengan para pemegang saham,
In 2023, the Investor Relations Division conducted investor institusi dan analis melalui Divisi
more than 740 engagements with analysts and Investor Relations.
investors. The engagements included meetings,
conferences and road shows. Di sepanjang tahun 2023, lebih dari 740 pertemuan
dengan para analis dan investor telah dilaksanakan
Access to Company Information melalui pertemuan rutin, konferensi dan road show.
All financial reports and information about the Company Akses Informasi Perusahaan
are freely accessible at www.indofood.com.
Seluruh laporan keuangan maupun informasi
The Company publishes unaudited quarterly financial tentang Perseroan dapat diakses secara bebas
results and audited full-year financial reports on the
melalui situs www.indofood.com.
Company’s website. Press releases on the financial
results and major corporate developments are Perseroan menerbitkan laporan keuangan triwulanan
released and posted on the Company’s website. yang tidak diaudit dan laporan keuangan tahunan
yang diaudit melalui situs web Perseroan. Siaran pers
Through Layanan Konsumen Indofood (Indofood
terkait kinerja keuangan, serta aksi korporasi lainnya
Customer Service), the Company maintains toll-free
dikomunikasikan dan dapat diakses melalui situs web
hotlines, email services, social media accounts, and
Perseroan.
an instant messaging account to receive customer
enquiries and feedback. These channels are operated Melalui fungsi Layanan Konsumen Indofood,
on Monday-Saturday during business hours, except on Perseroan menyediakan layanan telepon bebas pulsa,
national public holidays. surat elektronik, media sosial, dan layanan pesan
instan untuk menerima pertanyaan dan masukan dari
konsumen. Layanan ini beroperasi setiap hari Senin-
Sabtu pada jam kerja, kecuali pada hari libur nasional.
2023 ANNUAL REPORT 101
Page 104
PT INDOFOOD SUKSES MAKMUR Tbk
AUDIT COMMITTEE REPORT
LAPORAN KOMITE AUDIT
An effective oversight is
an integral component
to strengthen corporate
governance, internal controls,
risk management, and sound
financial reporting in achieving
continuous improvement.
Pengawasan yang efektif merupakan kesatuan
komponen yang memperkuat tata kelola,
pengendalian internal, pengelolaan risiko, dan
pelaporan keuangan yang baik dalam menciptakan
kemajuan yang berkelanjutan.
102 LAPORAN TAHUNAN 2023
Page 105
The AC’s roles, responsibilities and authorities are Dalam menjalankan peran, tanggung jawab dan
guided by the Audit Committee Charter, which is kewenangannya, Komite Audit berpedoman pada
based on the OJK Regulation No. 55/ POJK.04/2015 Piagam Komite Audit. Piagam Komite Audit dibuat
on the Formation and Guidelines for the berdasarkan Peraturan OJK No. 55/POJK.04/2015
Implementation of the Audit Committee. tentang Pembentukan dan Pedoman Pelaksanaan
Kerja Komite Audit.
The AC comprises the following members:
Berikut komposisi dan profil singkat para anggota
Hans Kartikahadi Komite Audit:
Independent Commissioner
Chairman of the Audit Committee Hans Kartikahadi
Komisaris Independen
Mr. Hans Kartikahadi was appointed as Chairman of Ketua Komite Audit
the AC by the BOC in accordance with the resolution
of the BOC dated 11 November 2021. He is serving his Bapak Hans Kartikahadi, diangkat menjadi Ketua
first period in the current Audit Committee term. His Komite Audit oleh Dewan Komisaris berdasarkan
profile is available on page 125 of this Annual Report. keputusan Dewan Komisaris tanggal 11 November
2021. Beliau menjabat untuk periode pertama di
Timotius masa jabatan Komite Audit Perseroan saat ini. Profil
External Independent Professional beliau dapat dilihat pada halaman 125 dari Laporan
Member of the Audit Committee Tahunan ini.
Mr. Timotius, 65, an Indonesian citizen, was appointed Timotius
by the BOC as member of the AC as stated in the Profesional Independen Eksternal
resolution of the BOC dated 24 September 2021. He Anggota Komite Audit
is serving his first period in the current AC term, and
is concurrently an Independent Commissioner and Bapak Timotius, berusia 65 tahun, warga Negara
Chairman of AC at SIMP (2019-present), a member of Indonesia diangkat oleh Dewan Komisaris menjadi
AC at PT Industri Jamu Dan Farmasi Sido Muncul Tbk anggota Komite Audit berdasarkan keputusan
(2021-present), PT Indoritel Makmur Internasional Dewan Komisaris tanggal 24 September 2021.
Tbk (2020-present) and PT Indofood Sukses Beliau menjabat untuk periode pertama dalam
Makmur Tbk (2018-present), and a Lecturer at the masa jabatan Komite Audit Perseroan saat ini, serta
Faculty of Economics and Business at University of menjabat sebagai Komisaris Independen dan Ketua
Indonesia since 1992. Komite Audit SIMP (2019-sekarang), anggota Komite
Audit PT Industri Jamu Dan Farmasi Sido Muncul Tbk
Mr. Timotius has served as Independent Commissioner (2021-sekarang), PT Indoritel Makmur Internasional
at LSIP (2018-2019), Accounting Finance Manager Tbk (2020-sekarang) dan PT Indofood Sukses
(1980-1989) and Director (1990-1996) at PT Moritas Makmur Tbk (2018-sekarang), serta pengajar di
Agrobi, Director at PT Suprawira Finance (1996-1998) Fakultas Ekonomi dan Bisnis di Universitas Indonesia
and Commissioner at PT Kharisma Valas Indonesia sejak 1992.
(1998-2008).
Beliau pernah menjabat sebagai Komisaris
Independen di LSIP (2018-2019), Manajer Akuntansi
Keuangan (1980-1989) dan Direktur (1990-1996) di
PT Moritas Agrobi, Direktur di PT Suprawira Finance
(1996-1998) dan Komisaris di PT Kharisma Valas
Indonesia (1998-2008).
2023 ANNUAL REPORT 103
Page 106
PT INDOFOOD SUKSES MAKMUR Tbk
He obtained a Bachelor of Economics in Management Beliau meraih gelar Sarjana Ekonomi di bidang
from the University of Indonesia in 1984, a Bachelor of Manajemen dan Akuntansi dari Universitas Indonesia
Accountancy from the University of Indonesia in berturut-turut pada tahun 1984 dan tahun 1992,
1992, a Master of International Management from meraih gelar Magister Manajemen Internasional
the University of Indonesia in 1990 and a Doctor of dari Universitas Indonesia pada tahun 1990, serta
Agriculture Economics from the Bogor Institute of meraih gelar Doktor di bidang ekonomi pertanian
Agriculture in 2000. In 2023, he participated in several dari Institut Pertanian Bogor pada tahun 2000.
training programs, workshops and seminars, including Di tahun 2023, beliau berpartisipasi dalam berbagai
“Indonesia’s Economic Outlook 2024” and “Global program pelatihan, workshop dan seminar, termasuk
Economic Outlook 2024”. “Indonesia’s Economic Outlook 2024” dan “Global
Economic Outlook 2024”.
Amelia Setiawan
External Independent Professional Amelia Setiawan
Member of the Audit Committee Profesional Independen Eksternal
Anggota Komite Audit
Ms. Amelia Setiawan, 46, an Indonesian citizen, was
appointed by the BOC as member of the AC as stated Ibu Amelia Setiawan, berusia 46 tahun, warga negara
in the resolution of the BOC dated 11 November 2021. Indonesia, diangkat oleh Dewan Komisaris menjadi
She is serving her first period in the current AC term, anggota Komite Audit berdasarkan keputusan Dewan
and is concurrently a member of AC at PT Indomobil Komisaris tanggal 11 November 2021. Beliau menjabat
Multi Jasa Tbk (2022-present), a member of AC at untuk periode pertama dalam masa jabatan Komite
ICBP (2022-present) and a lecturer at the Faculty Audit Perseroan saat ini, serta menjabat sebagai
of Economics at Parahyangan Catholic University anggota Komite Audit PT Indomobil Multi Jasa Tbk
since 2000. (2022-sekarang), anggota Komite Audit ICBP
(2022-sekarang) dan pengajar di Fakultas Ekonomi
She obtained a Bachelor of Economy in Accounting
di Universitas Katolik Parahyangan sejak tahun 2000.
from Parahyangan Catholic University in 1999, a Master
of Accounting from the University of Indonesia in Beliau meraih gelar Sarjana Ekonomi di bidang
2006 and a Doctor of Economics from Parahyangan Akuntansi dari Universitas Katolik Parahyangan pada
Catholic University in 2016. In 2023, she participated tahun 1999, meraih gelar Magister Akuntansi dari
in several training programs, workshops and seminars, Universitas Indonesia pada tahun 2006, serta meraih
including “Indonesia’s Economic Outlook 2024” and gelar Doktor Ilmu Ekonomi dari Universitas Katolik
“Global Economic Outlook 2024”. Parahyangan pada tahun 2016. Di tahun 2023, beliau
berpartisipasi dalam berbagai program pelatihan,
Independency of the Audit Committee workshop dan seminar, termasuk “Indonesia’s
Economic Outlook 2024” dan “Global Economic
Every member of the AC has fulfilled the Outlook 2024”.
independence criteria, which are set out in the Audit
Committee Charter:
Independensi Komite Audit
• Is not a member of a Public Accounting Firm,
Law Consulting Firm, Public Appraisal Services Seluruh anggota Komite Audit telah memenuhi
Firm, or other parties that provide assurance, kriteria independensi berikut yang ditetapkan dalam
non-assurance, appraisal and/or other Piagam Komite Audit:
• Bukan merupakan orang dalam Kantor Akuntan
Publik, Kantor Konsultan Hukum, Kantor Jasa
Penilai Publik atau pihak lain yang memberi jasa
asurans, jasa non-asurans, jasa penilai dan/atau
104 LAPORAN TAHUNAN 2023
Page 107
consultancy services to the Company within the jasa konsultasi lain kepada Perseroan dalam kurun
last six months prior to the date of appointment as waktu enam bulan terakhir sebelum penunjukannya
the AC member; sebagai anggota Komite Audit;
• Is not an individual who has the authority or • Bukan merupakan individu dengan wewenang dan
responsibility to plan, lead, control, or supervise the tanggung jawab untuk merencanakan, memimpin,
Company’s activities within the last six months prior mengendalikan, atau mengawasi kegiatan
to the date of appointment as the AC member, with Perseroan dalam kurun waktu enam bulan terakhir
the exception of Independent Commissioner; sebelum penunjukannya sebagai Komite Audit
• Does not have any direct or indirect ownership of kecuali Komisaris Independen;
the Company shares; • Tidak memiliki saham Perseroan, baik secara
• In the event the AC members receive the langsung maupun tidak langsung;
Company’s shares either directly or indirectly as • Jika anggota Komite menerima saham Perseroan
a result of any legal event, they must transfer the baik secara langsung maupun tidak langsung
shares to other parties no later than six months sebagai hasil dari sebuah peristiwa hukum, anggota
after obtaining them; Komite wajib mengalihkan saham tersebut kepada
• Is not affiliated with the BOC, BOD, majority pihak lain dalam jangka waktu tidak lebih dari
shareholders, or the Company itself; and enam bulan setelah diperolehnya saham tersebut;
• Does not have a direct or indirect business • Tidak mempunyai hubungan afiliasi dengan
relationship with the Company. anggota Dewan Komisaris, Direksi, pemegang
saham utama, atau Perseroan; serta
Conduct of Audit Committee meetings: • Tidak mempunyai hubungan usaha baik langsung
• The Committee must convene at least one maupun tidak langsung dengan Perseroan.
meeting every three months.
Pelaksanaan rapat Komite Audit:
• More than half of the total Committee members
shall be present at the meeting to achieve • Komite Audit wajib menyelenggarakan rapat
a quorum. secara rutin setidaknya sekali setiap tiga bulan.
• Decisions taken during the meetings shall be • Kuorum tercapai ketika lebih dari setengah
based on careful deliberation and consensus. anggota Komite menghadiri rapat tersebut.
• Matters discussed during the Committee meetings, • Keputusan dalam rapat Komite wajib diambil
including any dissenting opinions, shall be recorded berdasarkan pertimbangan dan persetujuan
in the minutes of meeting. The minutes of meeting bersama.
shall be signed by all the Committee members • Hal-hal yang dibahas dalam rapat Komite wajib
present and submitted to the BOC. dicatat dalam notulen rapat, termasuk setiap
pendapat yang berbeda, yang ditandatangani
oleh semua anggota Komite yang hadir serta
dilaporkan kepada Dewan Komisaris.
2023 ANNUAL REPORT 105
Page 108
PT INDOFOOD SUKSES MAKMUR Tbk
Activities in 2023 Kegiatan di Tahun 2023
In 2023, the Audit Committee held six meetings, which Sepanjang tahun 2023, Komite Audit
consisted of two meetings with the External Auditor menyelenggarakan enam rapat yang terdiri dari dua
and four meetings with the BOD and management. rapat dengan Auditor Eksternal dan empat rapat
dengan Direksi dan manajemen.
Audit Committee Number of Meetings Attended Attendance Rate
Komite Audit Jumlah Kehadiran Rapat Tingkat Kehadiran
Hans Kartikahadi 6 100%
Timotius 6 100%
Amelia Setiawan 6 100%
The following matters were discussed during Berikut hal-hal yang dibahas dalam rapat-rapat:
the meetings: • Laporan Keuangan – Komite Audit melakukan
• Financial Reports – the AC reviewed the quality penelaahan atas kecukupan informasi keuangan
and adequacy of the Company’s financial reports yang akan dipublikasikan kepada publik dan/atau
and other financial information to be disclosed pihak regulator, termasuk kelemahan-kelemahan
publicly and/or submitted to the regulators, material, penyimpangan yang signifikan dalam
including material weaknesses, significant pengendalian atau kejadian pelanggaran serta
deviations in control or the occurrence of frauds tindakan perbaikan yang diambil. Komite juga
and corrective actions taken. The Committee also melakukan kajian atas umpan balik terkait proses
reviewed feedback regarding the Company’s akuntansi dan pelaporan keuangan Perseroan.
accounting and financial reporting processes. • Kepatuhan – Komite Audit melakukan penelaahan
• Compliance – the AC reviewed the Company’s atas ketaatan terhadap peraturan dan perundang-
compliance with laws and regulations related to undangan yang berhubungan dengan kegiatan
its activities. Perseroan.
106 LAPORAN TAHUNAN 2023
Page 109
• External Audit – the AC provided • Audit Eksternal – Komite Audit menyampaikan
recommendations to the BOC regarding the rekomendasi kepada Dewan Komisaris perihal
appointment of the External Auditor, based on penunjukan Auditor Eksternal berdasarkan
its independency, scope of work, methodology, tingkat independensi, lingkup kerja, metodologi,
fee, and professional experiences. The biaya, dan pengalaman profesional. Komite Audit
Committee also assessed the adequacy of the juga melakukan kajian atas kecukupan kerja audit
work carried out by the External Auditor. dari Auditor Eksternal.
• Internal Audit – the AC reviewed the internal audit • Audit Internal – Komite Audit melakukan kajian
activities and monitored the implementation atas kegiatan Audit Internal serta mengawasi
of corrective action taken by management pelaksanaan tindakan perbaikan yang dilakukan
with regards to the internal audit’s findings manajemen terkait temuan dan observasi
and observations. Audit Internal.
• Risk Management – the AC reviewed the • Pengelolaan Risiko – Komite Audit melakukan
Company’s risk management including exposures kajian atas pengelolaan risiko Perseroan, termasuk
to major risks, and the control measures taken to risiko-risiko utama yang dapat dihadapi, serta
monitor and mitigate these risks. kegiatan pengendalian untuk mengawasi dan
• Internal Controls – the AC reviewed and memitigasi risiko-risiko tersebut.
evaluated the effectiveness of the Company’s • Pengendalian Internal – Komite Audit melakukan
internal control system. kajian dan mengevaluasi efektivitas sistem
pengendalian internal Perseroan.
In 2023, the AC visited the Company’s operational
facility located in Jakarta to observe the operational Pada tahun 2023, Komite Audit melakukan kunjungan
activities, and to conduct discussion with ke fasilitas operasional Perseroan di Jakarta untuk
management and personnel of the facility. mengamati kegiatan operasional, serta berdiskusi
dengan manajemen dan personil pabrik tersebut.
2023 ANNUAL REPORT 107
Page 110
PT INDOFOOD SUKSES MAKMUR Tbk
CORPORATE HUMAN RESOURCES
SUMBER DAYA MANUSIA
Indofood is the symbol of quality food. The hallmark of
Indofood’s quality is evident not only in its products, but
also in the dedication of each of its talents. To uphold
this standard of excellence, the Company is committed
to consistently improving its quality of service to all
customers and consumers.
Indofood merupakan lambang makanan bermutu. Mutu Indofood tidak
hanya terlihat dari produk-produknya, namun juga hingga ke dedikasi dari
setiap talentanya. Untuk mempertahankan keunggulan tersebut, Perseroan
berkomitmen untuk selalu meningkatkan kualitas layanan bagi para pelanggan
dan konsumennya.
Overview Gambaran Umum
Human Resources (HR) are at the heart of Indofood’s Sumber Daya Manusia (SDM) adalah bagian penting
success. The Company’s achievements depend on dari keberhasilan Indofood. Pencapaian yang diraih
the ability of each employee to adapt, innovate and oleh Perseroan bergantung pada kemampuan setiap
deliver superior service to customers, while adhering karyawan untuk beradaptasi, berinovasi, dan selalu
to the values of the Indofood Group, namely: memberikan pelayanan terbaik bagi para pelanggan
Discipline, Integrity, Respect, Unity, Excellence and dengan tetap berpegang teguh pada nilai-nilai Grup
Innovation. Indofood, yaitu: Disiplin, Integritas, Menghargai,
Kesatuan, Keunggulan dan Inovasi.
2023 Review
Ulasan Kinerja 2023
Even though the COVID-19 pandemic has ended,
the business landscape continues to face various Meskipun pandemi COVID-19 telah berakhir,
challenges, such as economic uncertainties, dunia usaha tetap dihadapkan dengan berbagai
geopolitical tensions and climate change. Indofood tantangan, seperti ketidakpastian ekonomi,
acknowledges that change is part and parcel of ketegangan geopolitik dan perubahan iklim.
the business environment, and we encourage all Indofood menyadari bahwa perubahan akan
employees to adapt to evolving challenges through selalu terjadi di dalam lingkungan usaha, dan kami
continuous learning and self-development. The mendorong para karyawan untuk beradaptasi
Company provides various training opportunities, terhadap perubahan tantangan dengan terus belajar
covering both technical and soft skills. Training dan mengembangkan diri. Perseroan menyediakan
modules are constantly added and updated to suit berbagai pelatihan bagi para karyawan, yang
the needs of different business units. Employees are mencakup keterampilan teknis maupun soft skill.
Modul-modul pelatihan senantiasa ditambahkan dan
diperbarui sesuai dengan kebutuhan dari berbagai
108 LAPORAN TAHUNAN 2023
Page 111
also encouraged to share their learning points from unit usaha. Karyawan juga didorong untuk dapat
personal development topics during the “Sharing membagikan poin pembelajaran dari berbagai topik
Insight” sessions, which are held as part of the pengembangan diri pada sesi “Sharing Insight” yang
Indofood training program. diadakan sebagai bagian dari program pelatihan
Indofood.
In addition to personnel development, the Company
also conducted the Management Trainee (MT) Selain pengembangan karyawan, Perseroan juga
program, which serves as an effective tool for the menjalankan program Management Trainee (MT),
recruitment and development of future leaders, sebagai sarana yang efektif untuk merekrut dan
as well as maintaining the availability of potential mengembangkan calon-calon pemimpin masa
talent. Over the years, the MT program has enabled depan, serta menjaga ketersediaan talenta-talenta
the Company to identify suitable individuals ready yang berpotensi. Dari tahun ke tahun, program MT
for greater responsibilities, and to assign them to telah mendukung Perseroan dalam mengidentifikasi
positions that have opened up due to retirement, talenta yang dinilai dapat mengemban tanggung
internal rotation, or business expansion. jawab lebih besar untuk ditempatkan pada posisi-
posisi yang tersedia baik karena pensiun, rotasi
To ensure that each employee is able to contribute
ataupun pengembangan usaha.
and meet the Company’s targets, Indofood
implements an unbiased performance management Guna memastikan setiap karyawan dapat
system that encompasses annual planning, memberikan kontribusi dan kinerja sesuai dengan
monitoring, coaching and evaluation phases. The target yang ditetapkan oleh Perseroan, Indofood
planning phase takes place at the beginning of the menerapkan manajemen kinerja secara obyektif
year, when performance targets are jointly set by melalui tahapan perencanaan, pemantauan,
employees and the Company. This sets the stage for pembinaan hingga evaluasi yang dilakukan setiap
tahun. Tahap perencanaan dilaksanakan pada awal
tahun, dimana target kinerja ditentukan secara
bersama antara karyawan dan Perseroan. Hasil dari
2023 ANNUAL REPORT 109
Page 112
PT INDOFOOD SUKSES MAKMUR Tbk
monitoring, coaching and constructive feedback tahap tersebut dilanjutkan dengan pemantauan,
throughout the year to drive employee performance. pembinaan dan pemberian umpan balik di sepanjang
At the end of the year, each employee’s performance tahun guna mendorong kinerja karyawan. Pada akhir
achievements and contributions are evaluated and tahun, pencapaian kinerja dan kontribusi dari masing-
considered in the Company’s succession planning masing karyawan dievaluasi serta dipertimbangkan
and talent development efforts. dalam perencanaan suksesi dan pengembangan
talenta Perseroan.
Employees are continuously encouraged to share
ideas and innovations for continuous improvement Para karyawan terus didorong untuk menyampaikan
through intra-division competitions that lead to inter- gagasan dan inovasi untuk perbaikan berkelanjutan
division competition within Indofood Group through melalui ajang kompetisi antartim di lingkup divisi yang
the Continuous Improvement and Productivity Award dilanjutkan dengan kompetisi antardivisi di Grup
(CIPTA) event. This event provides a Company-wide Indofood melalui acara Continuous Improvement and
platform for employees to present their best Productivity Award (CIPTA). Acara ini telah menjadi
practices in continuous improvement. In 2023, the sarana bagi seluruh karyawan untuk berbagi ide-ide
CIPTA theme was “Better, Faster, Together”, with an inovatif tentang praktik-praktik terbaik di bidang
emphasis on elevating cost efficiency, automation, perbaikan berkelanjutan. Tema CIPTA di tahun 2023
digitalization, recycling and energy savings. adalah “Better, Faster, Together” dengan fokus pada
peningkatan efisiensi biaya, otomatisasi, digitalisasi,
The array of innovative best practices driven
daur ulang dan penghematan energi.
by employees is a testament to the success of
Indofood’s talent development. In 2023, several Berbagai inovasi praktik terbaik yang dilakukan
teams from the Indofood Group took part in the oleh para karyawan merupakan salah satu wujud
National Quality and Productivity Meeting (TKMPN), keberhasilan pengembangan talenta di Indofood.
attended by teams from leading companies in Di tahun 2023, beberapa tim Grup Indofood
Indonesia. During the event, the Indofood team was berpartisipasi dalam acara Temu Karya Mutu dan
recognized with an award for efforts in energy savings Produktivitas Nasional (TKMPN), yang juga diikuti oleh
and greenhouse gas emissions reduction. We also tim dari berbagai perusahaan terkemuka di Indonesia.
sent our winning teams to compete at the International Di acara tersebut, tim Indofood berhasil memperoleh
Convention on Quality Control Circles (ICQCC) in penghargaan atas upaya di bidang penghematan
in Beijing, China, where Indofood was awarded for energi dan penurunan emisi gas rumah kaca. Indofood
achievements in automation development. juga mengirimkan perwakilannya dalam acara
International Convention on Quality Control Circles
In addition to upholding the value of Innovation,
(ICQCC) yang diselenggarakan di Beijing, Tiongkok,
Indofood also places strong emphasis on the value
dimana Indofood berhasil memperoleh penghargaan
of Unity, as evidenced through harmonious industrial
atas pencapaian dalam pengembangan otomatisasi.
relations. Bipartite discussions and sharing sessions
between management and employees are regularly Selain menjunjung nilai Inovasi, Indofood juga
organized to facilitate open communication, while senantiasa menjunjung nilai Kesatuan dengan
religious and recreational events are held to foster menciptakan hubungan industrial yang harmonis.
employee relationships. Furthermore, the Collective Diskusi bipartit dan sharing session antara jajaran
Labor Agreement (PKB), which expired in 2023, was manajemen dengan karyawan dilakukan secara
renewed smoothly. rutin untuk menciptakan komunikasi yang terbuka,
sedangkan berbagai acara keagamaan dan rekreasi
Our employment practices adhere to prevailing
dilaksanakan untuk mempererat hubungan antar
laws and regulations, while our HR management
karyawan. Selain itu, Perjanjian Kerja Bersama (PKB)
activities are conducted in accordance with
yang habis masa berlakunya di tahun 2023 telah
Company Regulations and the terms outlined in the
diperbarui dengan lancar.
Praktik ketenagakerjaan Indofood senantiasa selaras
dengan peraturan dan ketentuan yang berlaku,
sedangkan kegiatan manajemen SDM di seluruh
unit usaha Indofood dilaksanakan sesuai dengan
Peraturan Perusahaan beserta dengan syarat
110 LAPORAN TAHUNAN 2023
Page 113
Employment Agreement. Our HR policies undergo dan ketentuan yang secara jelas diuraikan dalam
regular review and adjustments to reflect changes Perjanjian Kerja. Kebijakan SDM senantiasa dievaluasi
in the internal and external environment. Indofood dan disesuaikan dengan perubahan yang terjadi
strictly prohibits any form of child labor practices and di lingkungan internal maupun eksternal. Indofood
forced labor in all operational units. secara tegas melarang segala bentuk praktik tenaga
kerja anak dan kerja paksa di seluruh unit operasional.
All Indofood employees are treated fairly, regardless
of race, religion, gender or other individual Seluruh karyawan Indofood diperlakukan secara
characteristics. The Company values workplace adil, tanpa memandang latar belakang ras, agama,
diversity, unity and equality, and ensures that every gender atau karakteristik individu lainnya. Perseroan
employee receives equal opportunity for career and menghargai keragaman, kesatuan dan kesetaraan,
competency development. Recruitment decisions serta memastikan setiap karyawan memiliki
and performance evaluations are based on the skills, kesempatan yang sama untuk mengembangkan
experience and merit of each employee. karier dan kompetensinya. Keputusan rekrutmen
dan evaluasi kinerja ditentukan oleh keterampilan,
We strive to improve the quality of our Health, Safety,
pengalaman dan kemampuan dari masing-masing
Security, and Environment (HSSE) practices by
karyawan.
organizing regular discussions, training programs,
knowledge-sharing sessions, and self-assessments Indofood terus berupaya meningkatkan kualitas
across all Indofood units. These efforts have praktik-praktik dalam bidang Kesehatan,
bolstered the Company’s compliance with national Keselamatan, Keamanan dan Lingkungan (K3L)
standards, such as the Company Performance Rating dengan mengadakan diskusi kerja, program
Assessment Program in the field of Environmental pelatihan, sesi berbagi pengetahuan dan penilaian
Management (PROPER) and Occupational Safety and mandiri yang mencakup seluruh bagian Grup
Health Management System (SMK3). Details about Indofood. Upaya ini telah mendukung pencapaian
our HSSE initiatives can be found in the Indofood Perseroan sesuai standar nasional dalam Program
Sustainability Report. Penilaian Peringkat Kinerja Perusahaan di bidang
Pengelolaan Lingkungan Hidup (PROPER) dan Sistem
To support employee welfare, the Company provides
Manajemen Keselamatan dan Kesehatan Kerja
all employees with comprehensive health benefits
(SMK3). Rincian dari program K3L diuraikan lebih
and adequate leave periods, while their children
lanjut dalam Laporan Keberlanjutan Perseroan.
have the opportunity to obtain scholarships from
elementary school to university levels. Lactation Untuk menunjang kesejahteraan karyawan,
rooms are available within our business units to Perseroan menyediakan manfaat kesehatan yang
support employees who are nursing mothers. Details komprehensif dan masa cuti yang memadai,
on our employment practices can be found in the sementara anak-anak mereka berkesempatan
Indofood Sustainability Report. memperoleh beasiswa dari tingkat sekolah dasar
hingga universitas. Ruang laktasi juga tersedia di
The efficient management of HR activities is
unit-unit usaha kami untuk mendukung karyawati
underpinned by a reliable HR Information System
yang sedang menyusui. Informasi lebih lanjut tentang
(HRIS). We have continued to develop and refine the
Praktik Ketenagakerjaan tersedia dalam Laporan
HRIS modules to align with business needs.
Keberlanjutan Perseroan.
2024 Outlook Pengelolaan SDM yang efisien dapat tercapai
berkat dukungan HR Information System (HRIS)
To prepare for the challenges and changes yang andal. Perseroan terus mengembangkan dan
ahead, the Company will continue to refine its HR menyempurnakan modul-modul HRIS sesuai dengan
management policies and practices to align with kebutuhan usaha.
our dynamic business landscape, and current laws
Pandangan 2024
Untuk menghadapi berbagai tantangan dan
perubahan yang mungkin terjadi, Perseroan akan
terus menyesuaikan kebijakan dan praktik manajemen
SDMnya dengan perkembangan kondisi dan
kebutuhan usaha yang dinamis, serta ketentuan
2023 ANNUAL REPORT 111
Page 114
PT INDOFOOD SUKSES MAKMUR Tbk
and regulations. The conduct of formal and informal ketenagakerjaan yang berlaku. Kegiatan formal
activities between management and employees dan informal antara manajemen dan karyawan akan
will be continued to foster harmonious industrial terus dilaksanakan untuk memelihara hubungan
relations. Our HSSE practices will be continuously industrial yang harmonis. Praktik K3L akan senantiasa
refined according to the Company’s operational disempurnakan sesuai kondisi operasional Perseroan
conditions and the development of K3L practices serta perkembangan praktik-praktik K3L di Indonesia.
in Indonesia.
Kami juga akan terus memberikan kesempatan bagi
We will also continue to provide employees with para karyawan untuk mengembangkan potensinya
opportunities to develop their potential through melalui program-program pelatihan yang sesuai.
relevant training programs. This is in addition to the Selain itu, program MT dan inisiatif perencanaan
Employee Category by Management Level
Karyawan Berdasarkan Kategori Jenjang Manajemen
Operative Staff Supervisor Manager and Above
Operatif Staf Supervisor Manajer ke Atas
69,105
68,233
17,128
15,364
4,404 4,378
1,899 1,876
2022 2023 2022 2023 2022 2023 2022 2023
Employee Category by Age
Karyawan Berdasarkan Kategori Usia
<25 Year Old 25-35 Year Old 36-45 Year Old 46-55 Year Old >55 Year Old
<25 Tahun 25-35 Tahun 36-45 Tahun 46-55 Tahun >55 Tahun
34,542 34,102
26,387 26,851
20,488 20,654
9,416
8,829
526 592
2022 2023 2022 2023 2022 2023 2022 2023 2022 2023
112 LAPORAN TAHUNAN 2023
Page 115
MT program and succession planning initiatives, suksesi akan dilanjutkan guna menyiapkan talenta-
which help to prepare our young talent for future talenta muda dalam memegang posisi kunci di
positions. The Company will continue to encourage masa depan. Perseroan akan terus mendorong dan
and provide opportunities for employees to share memberikan kesempatan kepada karyawan untuk
their creative and innovative ideas in the spirit of terus memberikan ide-ide kreatif dan inovatifnya
continuous improvement. bagi menciptakan perbaikan yang berkelanjutan.
Supporting these initiatives is the HRIS, which will Sebagai pendukung hal-hal tersebut, sistem HRIS
be further optimized for greater effectiveness and akan dioptimalkan untuk tercapainya manajemen
efficiency in HR management. SDM yang efektif dan efisien.
Employee Category by Educational Level
Karyawan Berdasarkan Kategori Jenjang Pendidikan
Primary School Junior High School Senior High Diploma Bachelor and Above
and Below Sekolah Menengah School Diploma Sarjana ke Atas
Sekolah Dasar Pertama Sekolah
dan ke Bawah Menengah Atas
48,024 47,994
15,039
14,566 13,348
13,045
9,875 9,908
5,326
5,262
2022 2023 2022 2023 2022 2023 2022 2023 2022 2023
Employee Category by Employement Status Employee Category by Gender
Karyawan Berdasarkan Kategori Status Karyawan Berdasarkan Kategori
Ketenagakerjaan Jenis Kelamin
Permanent Contract Male Female
Tetap Kontrak Pria Wanita
81,367 76,588
81,194 76,325
15,027
10,248 14,447
9,578
2022 2023 2022 2023 2022 2023 2022 2023
2023 ANNUAL REPORT 113
Page 116
PT INDOFOOD SUKSES MAKMUR Tbk
CORPORATE SOCIAL &
ENVIRONMENTAL RESPONSIBILITY
TANGGUNG JAWAB SOSIAL & LINGKUNGAN PERUSAHAAN
Indofood strives to operate sustainably and responsibly as a
Total Food Solutions company.
Sebagai perusahaan Total Food Solutions, Indofood senantiasa berupaya menjalankan
kegiatan operasionalnya secara berkelanjutan dan bertanggung jawab.
At Indofood, we consistently address our Di Indofood, kami secara konsisten mengelola
environmental, social and governance (ESG) impacts dampak lingkungan, sosial dan tata kelola
by continually pursuing product and process (environmental, social and governance atau ESG)
innovation, treating all stakeholders with respect and dengan terus mengembangkan inovasi produk dan
committing to environmental stewardship. One of proses, menghormati semua pemangku kepentingan
our missions is to provide sustainable food solutions. dan mengelola lingkungan secara bertanggung
jawab. Salah satu misi kami adalah untuk memberikan
We have developed a sustainability governance solusi makanan yang berkelanjutan.
framework to effectively integrate and coordinate
the implementation of sustainability programs across Kami telah menyusun kerangka kerja tata kelola
Indofood Group and its subsidiaries. The three key keberlanjutan guna mengintegrasikan dan
pillars of the sustainability framework are as follows: mengoordinasikan pelaksanaan program
• Resilience in Delivering Food for All keberlanjutan di Grup Indofood dan anak perusahaan.
Tiga pilar utama dalam kerangka kerja keberlanjutan
We understand the importance of responsible
kami adalah sebagai berikut:
product management at every stage of our value
chain, from product development and marketing • Tangguh dalam Menghadirkan Produk Pangan
through to consumption by our consumers. All of untuk Semua
our products comply with relevant food safety Kami memahami pentingnya manajemen produk
regulations, including Halal standards, and we yang bertanggung jawab di setiap tahap rantai
conduct regular testing to ensure that our food nilai kami, mulai dari pengembangan produk dan
is safe. Our operating units have obtained an pemasaran hingga konsumsi oleh konsumen
international certification for Food Safety and/or kami. Semua produk kami mematuhi peraturan
keamanan pangan yang berlaku, termasuk
sertfikasi Halal, dan kami melakukan pengujian
yang rutin untuk memastikan bahwa makanan
kami aman untuk dikonsumsi. Unit operasi kami
telah memperoleh sertifikasi internasional
114 LAPORAN TAHUNAN 2023
Page 117
Quality Management System. We are continuously untuk Keamanan Pangan dan/atau Sistem
innovating to develop products with improved Manajemen Mutu. Kami terus berinovasi untuk
nutrition level that align with the changing needs mengembangkan produk dengan kandungan
of our customers. In ensuring sustainable and gizi terbaik yang selaras dengan perubahan
responsible sourcing for our raw materials, we kebutuhan konsumen kami. Dalam memastikan
have established a Responsible Supplier Guideline pengadaan bahan baku yang berkelanjutan
that encourages our suppliers to incorporate dan bertanggung jawab, kami telah menyusun
environmental and social considerations into their Pedoman Pemasok yang Bertanggung
business practices. Jawab yang mendorong pemasok kami untuk
• Environmental Stewardship mempertimbangkan aspek lingkungan dan sosial
ke dalam praktik bisnis mereka.
Indofood is committed to environmental
protection and conservation. Our pledge to • Perlindungan Terhadap Lingkungan
minimizing the negative impacts of our operations Indofood berkomitmen untuk melindungi dan
is documented in our Environmental Policy and melestarikan lingkungan. Komitmen kami untuk
Sustainable Agriculture Policy, which underscore meminimalisasi dampak negatif dari operasi telah
our compliance with all relevant Indonesian didokumentasikan dalam Kebijakan Lingkungan
regulations on environmental management. dan Kebijakan Agrikultur Berkelanjutan kami, yang
In addition, we are fully committed to no menjabarkan kepatuhan kami terhadap seluruh
deforestation, no planting on peat and no burning, peraturan yang relevan terkait pengelolaan
lingkungan di Indonesia. Selain itu, kami
berkomitmen penuh untuk tidak melakukan
deforestasi, tidak melakukan penanaman di
lahan gambut dan tidak melakukan pembakaran,
2023 ANNUAL REPORT 115
Page 118
PT INDOFOOD SUKSES MAKMUR Tbk
while preserving areas of High Conservation serta tetap menjaga Kawasan Bernilai Konservasi
Value (HCV) and High Carbon Stock (HCS). Tinggi (KBKT) dan Stok Karbon Tinggi (SKT).
Furthermore, these policies serve to guide our Selain itu, kebijakan ini juga merupakan
business practices and operations in the areas pedoman praktik dan kegiatan operasional
of climate change, greenhouse gas emissions, kami di bidang perubahan iklim, emisi gas
energy management, water management, rumah kaca, pengelolaan energi, pengelolaan
waste management, post-consumer packaging air, pengelolaan limbah, sampah kemasan
waste, biodiversity and sustainable plantation. pasca-konsumsi, keanekaragaman hayati,
We aim to reduce the climate-related physical dan perkebunan berkelanjutan. Kami berupaya
risks and transition risks associated with the mengurangi risiko fisik dan transisi terkait
transition to a lower carbon economy through perubahan iklim untuk mendukung peralihan
the implementation of mitigation measures. ke ekonomi rendah karbon melalui berbagai
• Stronger Together with Our People langkah mitigasi.
and Communities • Tumbuh Bersama Karyawan dan Masyarakat
People are vital to Indofood’s continued growth Manusia merupakan bagian penting dari
and success. We depend on the knowledge, pertumbuhan dan kesuksesan Indofood yang
skills and support of our employees, their families berkesinambungan. Kami bergantung pada
and the wider community, and acknowledge pengetahuan, keterampilan, dan dukungan
our responsibility towards their well-being. Our karyawan kami, keluarga mereka, dan masyarakat
Company Regulations on Labor Practices and luas, serta memahami tanggung jawab kami
Collective Labor Agreements (CLA) comply with terhadap kesejahteraan mereka. Peraturan
Indonesian law and the nine Core Conventions Perusahaan kami terkait Praktik Ketenagakerjaan
of the International Labor Organization (ILO) dan Perjanjian Kerja Bersama (PKB) senantiasa
ratified by the Indonesian government. The patuh kepada hukum Indonesia dan sembilan
Regulations and CLA also cover our policies on Konvensi Inti dari Organisasi Perburuhan
occupational health and safety, prohibition of Internasional (ILO) yang diratifikasi oleh
child and forced labor, collective bargaining, pemerintah Indonesia. Peraturan dan PKB kami
freedom of association, working conditions and juga mencakup kebijakan tentang kesehatan dan
employee remuneration, equal opportunity and keselamatan kerja, larangan pekerja anak dan
diversity in the workplace. Collectively, these kerja paksa, perundingan bersama, kebebasan
policies reflect our commitment to upholding berserikat, kondisi kerja dan remunerasi karyawan,
human rights principles in our labor practices, kesetaraan kesempatan dan keragaman di
tempat kerja. Secara kolektif, berbagai kebijakan
ini mencerminkan komitmen kami dalam
menegakkan prinsip-prinsip hak asasi manusia
dalam praktik ketenagakerjaan kami, menjaga
lingkungan kerja yang aman dan sehat bagi seluruh
116 LAPORAN TAHUNAN 2023
Page 119
maintaining a safe and healthy work environment karyawan, serta membina hubungan kerja yang
for all employees, and nurturing harmonious harmonis. Selain itu, kami berupaya menciptakan
work relationships. Furthermore, we foster dampak positif untuk masyarakat di mana kami
positive impacts on the communities where we beroperasi melalui berbagai program sosial dan
operate through a variety of social and economic ekonomi yang berkolaborasi dengan pemerintah,
programs carried out in collaboration with lembaga swadaya masyarakat, dan mitra usaha
governments, non-governmental organizations, seperti usaha mikro, kecil dan menengah.
and business partners, such as micro, small and
Dalam melaksanakan inisiatif keberlanjutan, kami
medium enterprises.
melibatkan berbagai pemangku kepentingan untuk
In charting our sustainability journey, we actively memahami kebutuhan dan ekspektasinya. Kami
engage with our diverse stakeholders to understand juga berkolaborasi dengan beberapa organisasi,
their respective needs and expectations. We antara lain: Kamar Dagang dan Industri Indonesia
also collaborate with organizations such as the (KADIN), Gabungan Pengusaha Makanan dan
Indonesian Chamber of Commerce and Industry Minuman Indonesia (GAPMMI), Partnership for
(KADIN), Indonesian Food and Beverage Associations Indonesia Sustainable Agriculture (PISAgro), Asosiasi
(GAPMMI), Partnership for Indonesia Sustainable Perusahaan Produk Bernutrisi untuk Ibu dan Anak
Agriculture (PISAgro), Mother and Infant Nutrition (APPNIA), Asosiasi Industri Kemasan Fleksibel
Industries Associations (APPNIA), Indonesian Flexible Indonesia (ROTOKEMAS), Asosiasi Produsen Tepung
Packaging Industries Association (ROTOKEMAS), Terigu Indonesia (APTINDO), Packaging and Recycle
Indonesian Flour Mills Association (APTINDO), Association for Indonesia Sustainable Environment
Packaging and Recycle Association for Indonesia (PRAISE) dan Yayasan Pemulihan Kemasan Indonesia
Sustainable Environment (PRAISE), the Indonesia (IPRO) dan SUN Business Network untuk inisiatif-
Packaging Recovery Organization (IPRO), and SUN inisiatif terkait keberlanjutan.
Business Network on sustainability initiatives.
Informasi lebih lanjut dari kegiatan Tanggung Jawab
Details of the Company’s Social and Environmental Sosial dan Lingkungan Perseroan terdapat di Laporan
Responsibility activities can be found in the 2023 Keberlanjutan Indofood 2023 yang merupakan
Indofood Sustainability Report, which is an integral bagian tidak terpisahkan dari Laporan Tahunan 2023.
part of the 2023 Annual Report. Both reports are Kedua laporan tersebut dapat diakses melalui
available at www.indofood.com. www.indofood.com.
2023 ANNUAL REPORT 117
Page 120
PT INDOFOOD SUKSES MAKMUR Tbk
BOARD OF COMMISSIONERS
DEWAN KOMISARIS
Christopher H. Young
Joseph H. P. Ng
Benny S. Santoso Manuel V. Pangilinan
118 LAPORAN TAHUNAN 2023
Page 121
Hans Kartikahadi
John W. Ryan Sulaiman Arif
Bambang Permadi Arianto
Soemantri Brodjonegoro
2023 ANNUAL REPORT 119
Page 122
PT INDOFOOD SUKSES MAKMUR Tbk
Manuel V. Pangilinan
President Commissioner
Komisaris Utama
Mr. Manuel V. Pangilinan, 77, a Filipino citizen, was first appointed Bapak Manuel V. Pangilinan, berusia 77 tahun, warga negara
as President Commissioner of Indofood based on the resolution Filipina, pertama kali diangkat sebagai Komisaris Utama Indofood
of the AGM in 1999 with the latest reappointment in 2021. He berdasarkan keputusan RUPST Perseroan pada tahun 1999 dan
served as Managing Director of First Pacific since its founding terakhir diangkat kembali pada tahun 2021. Beliau menjabat
in 1981 until 1999, moving to the position of Executive Chairman sebagai Managing Director First Pacific sejak didirikan pada
until June 2003, after which he was named Managing Director tahun 1981 hingga 1999, kemudian ditunjuk sebagai Executive
and Chief Executive Officer, his current post. Mr. Pangilinan also Chairman hingga Juni 2003 dan selanjutnya menjabat sebagai
holds the position of President Commissioner of PT Nusantara Managing Director dan Chief Executive Officer. Beliau juga
Infrastructure Tbk (2022-present). In the Philippines, menjabat sebagai Komisaris Utama PT Nusantara Infrastructure
Mr. Pangilinan is the Chairman, President and Chief Executive Tbk (2022-sekarang). Di Filipina, Bapak Manuel V. Pangilinan
Officer of PLDT Inc. (2004-present), Metro Pacific Investments adalah Chairman, President dan Chief Executive Officer
Corporation (2006-present), Chairman and Chief Officer PLDT Inc. (2004-sekarang) dan Metro Pacific Investments
of Manila Electric Company (2012-present), Chairman of Corporation (2006-sekarang), Chairman dan Chief Executive
Smart Communications, Inc. (1998-present), ePLDT Inc., PLDT Officer Manila Electric Company (2012-sekarang), Chairman
Communications and Energy Ventures Inc. (2004-present), Smart Communications, Inc. (1998-sekarang), ePLDT Inc., PLDT
Global Business Power Corporation, Maynilad Water Services, Communications dan Energy Ventures Inc. (2004-sekarang),
Inc. (2007-present), Metro Pacific Tollways Corporation, Global Business Power Corporation, Maynilad Water Services,
NLEX Corporation (2008-present), Philex Mining Corporation Inc. (2007-sekarang), Metro Pacific Tollways Corporation,
(2002-present), PXP Energy Corporation (2009-present), NLEX Corporation (2008-sekarang), Philex Mining Corporation
Landco Pacific Corporation, Medical Doctors, Inc. (Makati (2002-sekarang), PXP Energy Corporation (2009-sekarang),
Medical Centre) (2005-present), Davao Doctors, Inc., Landco Pacific Corporation, Medical Doctors, Inc. (Makati
Colinas Verdes Corporation (Cardinal Santos Medical Centre) Medical Centre) (2005-sekarang), Davao Doctors, Inc. dan
(2008-present), Mediaquest Holdings, Inc., and Associated Colinas Verdes Corporation (Cardinal Santos Medical Centre)
Broadcasting Corporation (TV5) (2009-present), Vice Chairman (2008-sekarang), Mediaquest Holdings, Inc., dan Associated
of Roxas Holdings, Inc. (2013-present), and Director of Axelum Broadcasting Corporation (TV5) (2009-sekarang), Vice Chairman
Resources Corp. (2023-present). dari Roxas Holdings, Inc. (2013-sekarang) dan Direktur Axelum
Resources Corp. (2023-sekarang).
In recognition of Mr. Pangilinan’s contributions, the Philippine
Air Force awarded him the rank of Lieutenant Colonel (Res) in a Atas kontribusinya, beliau memperoleh penghargaan dari
promotion list approved by the Philippine President in July 2021. Philippine Air Force sebagai Lieutenant Colonel (Res) dalam
In 2010, the Office of the President of the Philippines awarded daftar pengangkatan yang disetujui oleh Presiden Filipina di
Mr. Pangilinan the Order of Lakandula with the rank of Bayani. bulan Juli 2021. Di tahun 2010, Office of the President of the
He was named Management Man of the Year 2005 by the Philippines memberikan penghargaan Order of Lakandula
Management Association of the Philippines. Mr. Pangilinan was dengan tingkat Bayani. Beliau dinobatkan sebagai Management
awarded the First Honorary Doctorate Degree in Management Man pada tahun 2005 oleh Management Association of the
by the Asian Institute of Management in 2016, Honorary Philippines. Beliau juga memperoleh penghargaan Honorary
Doctorate in Science by Far Eastern University in 2010, in Doctorate Degree di bidang Manajemen oleh Asian Institute of
Humanities by Holy Angel University in 2008, by Xavier University Management tahun 2016, Honorary Doctorate di bidang Sains
in 2007 and by San Beda College in 2002 in the Philippines. oleh Far Eastern University tahun 2010, di bidang Kemanusiaan
He was formerly Chairman of the Board of Trustees of the oleh Holy Angel University di tahun 2008, Xavier University tahun
Ateneo de Manila University and was a member of the Board of 2007 dan San Beda College tahun 2002 di Filipina.
Overseers of the Wharton School.
Dalam tugas sipil, beliau menjabat sebagai Chairman dari
In civic duties, Mr. Pangilinan sits as Chairman of the Philippine Philippine Business for Social Progress, PLDT-Smart Foundation
Business for Social Progress (PBSP), PLDT-Smart Foundation Inc., One Meralco Foundation Inc., Makati Medical Foundation
Inc., One Meralco Foundation Inc., Makati Medical Foundation Inc. dan Board of Trustees San Beda College. Selain itu, beliau
Inc., and the Board of Trustees of San Beda College. He is menjabat sebagai Co-Chairman dari Philippine Disaster
Co-Chairman of the Philippine Disaster Resilience Foundation Resilience Foundation, the Board of Trustees of Stratbase
(PDRF), the Board of Trustees of Stratbase Albert del Albert del Rosario Institute dan U.S.–Philippine Society. Di
Rosario Institute, and the U.S.–Philippine Society. In sports, bidang olahraga, beliau menjabat sebagai Chairman dari MVP
Mr. Pangilinan is Chairman of the MVP Sports Foundation, Inc., Sports Foundation, Inc., dan Chairman Emeritus dari Samahang
and Chairman Emeritus of the Samahang Basketbol ng Pilipinas. Basketbol ng Pilipinas.
Mr. Pangilinan graduated cum laude from the Ateneo de Manila Bapak Manuel V. Pangilinan meraih gelar Bachelor of Arts di
University, with a Bachelor of Arts degree in Economics. He bidang Ekonomi dengan predikat cum laude dari Ateneo de
received his MBA degree from the Wharton School at the Manila University tahun 1966, serta gelar Master’s di bidang
University of Pennsylvania. In 2023, he participated in training Business Administration dari Wharton School di University of
programs, workshops and seminars, including “Cyber Security Pennsylvania tahun 1968. Di tahun 2023, beliau berpartisipasi
and Artificial Intelligence” on 8 December 2023. He has no dalam berbagai program pelatihan, workshop dan seminar,
affiliation with the members of the BOC or BOD, but is affiliated termasuk “Cyber Security and Artificial Intelligence” pada tanggal
to the Company’s substantial shareholder. 8 Desember 2023. Beliau tidak memiliki hubungan afiliasi dengan
anggota Dewan Komisaris lainnya atau Direksi, tetapi memiliki
hubungan afiliasi dengan pemegang saham utama Perseroan.
120 LAPORAN TAHUNAN 2023
Page 123
Benny S. Santoso
Commissioner, Member of Nomination and Remuneration Committee
Komisaris, Anggota Komite Nominasi dan Remunerasi
Mr. Benny S. Santoso, 66, an Indonesian citizen, was first Bapak Benny S. Santoso, berusia 66 tahun, warga negara
appointed a Commissioner of Indofood based on the resolution Indonesia, pertama kali diangkat sebagai Komisaris Indofood
of the AGM in 2004 with the latest reappointment in 2021. berdasarkan keputusan RUPST Perseroan pada tahun 2004
He sits as member of the Nomination and Remuneration dan terakhir diangkat kembali pada tahun 2021. Beliau
Committee (2015-present). He also serves as Vice President menjabat sebagai anggota Komite Nominasi dan Remunerasi
Director of PT Indocement Tunggal Prakarsa Tbk (2021-present), (2015-sekarang). Beliau juga menjabat sebagai Wakil Direktur
Director of PT Nusantara Infrastructure Tbk (2020-present), Utama PT Indocement Tunggal Prakarsa Tbk (2021-sekarang),
President Commissioner of PT Nippon Indosari Corpindo Tbk Direktur PT Nusantara Infrastructure Tbk (2020-sekarang),
(2010-present), Commissioner of PT Fast Food Indonesia Tbk Komisaris Utama PT Nippon Indosari Corpindo Tbk
(1992-present), Non-Executive Director of First Pacific Company (2010-sekarang), Komisaris PT Fast Food Indonesia Tbk
Limited (2003-present), and as a member of the Advisory Board (1992-sekarang), Direktur PT Indocement Tunggal Prakarsa Tbk
of PLDT Inc. He previously served as Director of PT Indocement (1994-sekarang), Non-Executive Director First Pacific Company
Tunggal Prakarsa Tbk (1994-2021), President Commissioner of Limited (2003-sekarang), dan anggota Dewan Penasihat dari
ICBP (2009-2015), PT Indoritel Makmur Internasional Tbk, and PLDT Inc. Sebelumnya, beliau pernah menjabat sebagai Direktur
Commissioner of PT Bumi Serpong Damai Tbk. PT Indocement Tunggal Prakarsa Tbk (1994-2021), Komisaris
Utama ICBP (2009-2015), PT Indoritel Makmur Internasional Tbk,
Mr. Santoso completed his education at Ngee Ann College in serta Komisaris PT Bumi Serpong Damai Tbk.
Singapore in 1981. In 2023, he participated in training programs,
workshops and seminars, including “Global Economic Outlook Bapak Benny S. Santoso menyelesaikan pendidikannya di Ngee
2024” on 6 December 2023 and “Cyber Security and Artificial Ann College, Singapura pada tahun 1981. Di tahun 2023, beliau
Intelligence” on 8 December 2023. berpartisipasi dalam berbagai program pelatihan, workshop
dan seminar, termasuk “Global Economic Outlook 2024” pada
He has no affiliation with the members of the BOC or BOD, but is tanggal 6 Desember 2023 dan “Cyber Security and Artificial
affiliated to the Company’s substantial shareholder. Intelligence” pada tanggal 8 Desember 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan
Komisaris lainnya atau Direksi, tetapi memiliki hubungan afiliasi
dengan pemegang saham utama Perseroan.
2023 ANNUAL REPORT 121
Page 124
PT INDOFOOD SUKSES MAKMUR Tbk
Christopher H. Young
Commissioner
Komisaris
Mr. Christopher H. Young, 66, a British citizen, was first appointed Bapak Christoper H. Young, berusia 66 tahun, warga negara
as a Commissioner of Indofood based on the resolution of Inggris, diangkat menjadi Komisaris Indofood berdasarkan
the AGM in 2016 with the latest reappointment in 2021. He keputusan RUPST Perseroan pada tahun 2016 dan terakhir
is currently an Executive Director of First Pacific Company diangkat kembali pada tahun 2021. Beliau juga menjabat
Limited (2017-present), Director of PacificLight Power Pte. Ltd. sebagai Executive Director First Pacific Company Limited
(2019-present) and Roxas Holdings Inc. (2015-present), and (2017-sekarang), Direktur PacificLight Power Pte. Ltd.
a Member of the Advisory Board for PLDT Inc. (1998-present), (2019-sekarang) dan Roxas Holdings Inc. (2015-sekarang),
Member of the Council of Board Advisors of Metro Pacific anggota Dewan Penasihat PLDT Inc. (1998-sekarang), anggota
Investments Corporation (2023-present), and a Trustee Dewan Penasihat Metro Pacific Investments Corporation
of IdeaSpace Foundation, Inc. He was previously the Chief (2023-sekarang) dan Trustee dari IdeaSpace Foundation Inc.
Financial Officer of First Pacific Company Limited (2015-2022), Sebelumnya, beliau pernah menjabat sebagai Chief Financial
Director of Metro Pacific Investments Corporation (2019-2023), Officer dari First Pacific Company Limited (2015-2022), Direktur
the Chief Financial Advisor for PLDT Inc. (1998-2015), Finance Metro Pacific Investments Corporation (2019-2023), Chief
Director of Metro Pacific Corporation (1995-1998), Group Financial Advisor dari PLDT Inc. (1998-2015), Direktur Keuangan
Financial Controller of First Pacific Company Limited (1988- Metro Pacific Corporation (1995-1998), Group Financial
1994), Senior Audit Manager of Price Waterhouse, Hong Kong Controller dari First Pacific Company Limited (1988-1994),
(1985-1987) and Audit Manager of PricewaterhouseCoopers, Senior Audit Manager dari Price Waterhouse, Hong Kong (1985-
London (1979-1984). 1987) dan Audit Manager dari PricewaterhouseCoopers, London
(1979-1984).
Mr. Young obtained a Bachelor’s degree from Waid Academy,
Fife, Scotland, in 1975, and a Master of Arts (Honors) degree Bapak Christopher H. Young meraih gelar Bachelor dari
in Economics from St. Andrews University, Scotland, in 1979. Waid Academy, Fife, Skotlandia pada tahun 1975, serta gelar
In 2023, he participated in training programs, workshops and Master of Arts (Honors) di bidang Ekonomi dari St. Andrews
seminars, including “Annual IT and Cybersecurity” on 7 September University, Skotlandia, pada tahun 1979. Di tahun 2023, beliau
2023, “Annual Corporate Governance Enhancement Session” berpartisipasi dalam berbagai program pelatihan, workshop
on 9 November 2023, “Global Economic Outlook 2024” on dan seminar, termasuk “Annual IT and Cybersecurity” pada
6 December 2023 and “Cyber Security and Artificial Intelligence” tanggal 7 September 2023, “Annual Corporate Governance
on 8 December 2023. Enhancement Session” pada tanggal 9 November 2023,
“Global Economic Outlook 2024” pada tanggal 6 Desember
He has no affiliation with the members of the BOC or BOD, but is 2023 dan “Cyber Security and Artificial Intelligence” pada
affiliated to the Company’s substantial shareholder. tanggal 8 Desember 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan
Komisaris lainnya atau Direksi, tetapi memiliki hubungan afiliasi
dengan pemegang saham utama Perseroan.
122 LAPORAN TAHUNAN 2023
Page 125
Joseph H. P. Ng
Commissioner
Komisaris
Mr. Joseph Hon Pong Ng, 61, a British citizen, was appointed as a Bapak Joseph Hon Pong Ng, berusia 61 tahun, warga negara
Commissioner of Indofood based on the resolution of the AGM Inggris, diangkat sebagai Komisaris Indofood berdasarkan
in 2018 with the latest reappointment in 2021. He concurrently keputusan RUPST Perseroan pada tahun 2018 dan terakhir
serves as Associate Director (2019-present) and Chief Financial diangkat kembali pada tahun 2021. Saat ini, beliau juga menjabat
Officer (2022-present) of First Pacific Company Limited, Non- sebagai Associate Director (2019-sekarang) dan Chief
Executive Director of Philex Mining Corporation (2019-present) Financial Officer (2022-sekarang) di First Pacific Company
and PXP Energy Corporation (2019-present) and Director of Limited, Direktur Non-Eksekutif di Philex Mining Corporation
PacificLight Power Pte. Ltd. (2021-present). Previously, he was (2019-sekarang) dan PXP Energy Corporation (2019-sekarang),
Executive Vice President, Group Finance of First Pacific (2002- serta Direktur di PacificLight Power Pte. Ltd. (2021-sekarang).
2019), Commissioner of the Company (2001-2003), and Group Sebelumnya, beliau pernah menjabat sebagai Executive Vice
Treasurer of First Pacific Group, among other senior finance President Group Finance First Pacific (2002-2019), Komisaris
positions held at First Pacific Group including Head of Finance Perseroan (2001-2003) dan Group Treasurer di First Pacific
for the regional telecom division and directorships for a number Group serta beberapa posisi keuangan senior di First Pacific
of telecom joint ventures in India, Indonesia and People’s Group, termasuk Head of Finance dari divisi telekomunikasi
Republic of China (1988-2002). regional dan direktur dari beberapa usaha telekomunikasi di
India, Indonesia dan Republik Rakyat Tiongkok (1988-2002).
Mr. Ng obtained a Master of Business Administration degree in
1994 and a Professional Diploma in Accountancy in 1985 from the Bapak Joseph Hon Pong Ng meraih gelar Master of Business
Hong Kong Polytechnic University. He is a member of the Hong Administration pada tahun 1994 dan Professional Diploma di
Kong Institute of Certified Public Accountants, the Association bidang Akuntansi pada tahun 1985 dari Universitas Polytechnic
of Chartered Certified Accountants and Institute of Chartered Hong Kong. Beliau merupakan Akuntan Publik Terdaftar di
Accountants in England and Wales. In 2023, he participated in Hong Kong Institute of Certified Public Accountants, the
training programs, workshops and seminars, including “Annual Association of Chartered Certified Accountants dan the
IT and Cybersecurity” on 7 September 2023, “Annual Corporate Institute of Chartered Accountants di England dan Wales. Di
Governance Enhancement Session” on 9 November 2023 and tahun 2023, beliau berpartisipasi dalam berbagai program
“Global Economic Outlook 2024” on 6 December 2023. pelatihan, workshop dan seminar, termasuk “Annual IT and
Cybersecurity” pada tanggal 7 September 2023, “Annual
He has no affiliation with the members of the BOC or BOD, but is Corporate Governance Enhancement Session” pada tanggal
affiliated to the Company’s substantial shareholder. 9 November 2023 dan “Global Economic Outlook 2024” pada
tanggal 6 Desember 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan
Komisaris lainnya atau Direksi, tetapi memiliki hubungan afiliasi
dengan pemegang saham utama Perseroan.
2023 ANNUAL REPORT 123
Page 126
PT INDOFOOD SUKSES MAKMUR Tbk
John W. Ryan
Commissioner
Komisaris
Mr. John William Ryan, 58, an Irish citizen, was appointed as a Bapak John William Ryan, berusia 58 tahun, warga negara
Commissioner of Indofood based on the resolution of the AGM Irlandia, diangkat sebagai Komisaris Indofood berdasarkan
in 2019 with the latest reappointment in 2021. He concurrently keputusan RUPST Perseroan pada tahun 2019 dan terakhir
serves as Associate Director (2019-present), Group Chief diangkat kembali pada tahun 2021. Saat ini, beliau juga
Sustainability Officer (2018-present) and Group Chief Investor menjabat sebagai Associate Director (2019-sekarang), Group
Relations Officer (2018-present) of First Pacific Company Chief Sustainability Officer (2018-sekarang) and Group Chief
Limited. Previously, he was Executive Vice President of Group Investor Relations Officer (2018-sekarang) di First Pacific
Corporate Communications of First Pacific Company Limited Company Limited. Sebelumnya, beliau pernah menjabat
(2010-2019). Prior to joining First Pacific Group, Mr. Ryan was sebagai Executive Vice President dari Group Corporate
Head of Corporate Communications, Asia Pacific at HSBC’s Communications First Pacific Company Limited (2010-2019).
wholesale bank (2004-2007), and Bureau Chief of Dow Jones in Sebelum bergabung dengan First Pacific Group, Bapak John
Moscow and Hong Kong (1998-2004). He also spent five years Ryan menjabat sebagai Head of Corporate Communications,
as a financial journalist in Bloomberg’s Moscow bureau, which he Asia Pacific di HSBC wholesale bank (2004-2007), dan Kepala
pioneered and led in the early 1990s. Biro Dow Jones di Moscow dan Hong Kong (1998-2004). Beliau
juga pernah menjadi penulis di bidang finansial selama lima
Mr. Ryan obtained a Bachelor of Arts degree from the University tahun di Bloomberg Moscow yang dirintis dan dipimpin olehnya
of Connecticut in 1988 and completed a Master of Philosophy pada awal tahun 1990an.
course on Slavonic and East European Studies at St. Antony’s
College, Oxford University in 1990. In 2023, he participated in Bapak John William Ryan meraih gelar Bachelor of Arts dari
training programs, workshops and seminars, including “Global University of Connecticut pada tahun 1988 dan menyelesaikan
ESG Summit 2023 - APAC Edition” on 4 July 2023, “Asia Insights Master of Philosophy pada program Slavonic and East European
from the 12th UN Global Compact-Accenture CEO Study” on Studies di St. Antony’s College, Oxford University pada tahun
12 July 2023, “Annual IT and Cybersecurity” on 7 September 1990. Di tahun 2023, beliau berpartisipasi dalam berbagai
2023, “Global Economic Outlook 2024” on 6 December 2023 program pelatihan, workshop dan seminar, termasuk “Global
and “Cyber Security and Artificial Intelligence” on 8 December ESG Summit 2023 - APAC Edition” pada tanggal 4 Juli 2023,
2023. “Asia Insights from the 12th UN Global Compact-Accenture CEO
Study” pada tanggal 12 Juli 2023, “Annual IT and Cybersecurity”
He has no affiliation with the members of the BOC or BOD, but is pada tanggal 7 September 2023, “Global Economic Outlook
affiliated to the Company’s substantial shareholder. 2024” pada tanggal 6 Desember 2023 dan “Cyber Security and
Artificial Intelligence” pada tanggal 8 Desember 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan
Komisaris lainnya atau Direksi, tetapi memiliki hubungan afiliasi
dengan pemegang saham utama Perseroan.
124 LAPORAN TAHUNAN 2023
Page 127
Hans Kartikahadi
Independent Commissioner, Chairman Of Audit Committee,
Chairman of Nomination and Remuneration Committee
Komisaris Independen, Ketua Komite Audit,
Ketua Komite Nominasi dan Remunerasi
Mr. Hans Kartikahadi, 82, an Indonesian citizen, was appointed Bapak Hans Kartikahadi, berusia 82 tahun, warga negara
as an Independent Commissioner based on the resolution of Indonesia, diangkat sebagai Komisaris Independen
the AGM in 2021. He is concurrently Chairman of the AC of the berdasarkan keputusan RUPST Perseroan pada tahun 2021. Saat
Company (2021-present). He does not have any concurrent ini beliau juga menjabat sebagai Ketua Komite Audit Perseroan
role as a Director, Commissioner or Committee Member in (2021-sekarang). Beliau tidak memiliki rangkap jabatan sebagai
other public companies. He was previously an Independent Direksi, Komisaris atau Anggota Komite di perusahaan publik
Commissioner of ICBP (2015-2021) and member of the Board lainnya. Sebelumnya, beliau pernah menjabat sebagai Komisaris
of Trustee of the University of Indonesia (2019-2022). Independen ICBP (2015-2021) dan anggota Majelis Wali Amanat
Universitas Indonesia (2019-2022).
Mr. Kartikahadi was a founder of the Public Accountants Section
in the Indonesian Accountants Association (IAI), now known as Beliau adalah salah seorang pendiri Seksi Akuntan Publik –
the Indonesian Institute of Public Accountants (IAPI). He was Ikatan Akuntan Indonesia (IAI), cikal bakal Institut Akuntan Publik
also the Chairman of the Indonesian Accounting Standards Indonesia (IAPI). Selain itu, Bapak Hans Kartikahadi pernah
Setting Committee, now known as the Indonesian Financial menjabat sebagai Ketua Komite Prinsip Akuntansi Indonesia,
Accounting Standards Board (1986-1990 and 1990-1994), cikal bakal Dewan Standar Akuntansi Keuangan (1986-1990 dan
where he pioneered the convergence of the Indonesian 1990-1994), dimana beliau telah merintis pembaruan Prinsip
Financial Accounting Standards with International Accounting Akuntansi Indonesia (PAI) menjadi Standar Akuntansi Keuangan
Standards/International Financial Reporting Standards (IAS/ (SAK) yang berpedoman pada International Accounting
IFRS). He was Chairman of the Certified Public Accountant (CPA) Standards/International Financial Reporting Standard (IAS/
Examination Board in Indonesia (2000-2003), Founder and IFRS). Beliau juga pernah menjabat sebagai Ketua Dewan
Managing Partner of Hans Kartikahadi & Co, Public Accountants, Penguji Ujian Sertifikasi Akuntan Publik di Indonesia (2000-
and a Founding Partner of Hans, Tuanakotta & Mustofa (HTM), 2003), Pendiri dan Managing Partner dari Hans Kartikahadi
a member firm of Deloitte Touche Tohmatsu (DTT) in Indonesia. & Co, Public Accountants, serta salah satu Founding Partner
Before retirement, he was the Chairman and CEO of HTM dari Hans, Tuanakotta & Mustofa (HTM), anggota firma Deloitte
Group, a DTT Asia Pacific Management Council Member, Touche Tohmatsu (DTT) di Indonesia. Sebelum memasuki masa
and a DTT International Board Member who represented the Asia pensiun, beliau menjabat sebagai Chairman dan CEO Grup
Pacific region. HTM, Management Council Member dari DTT Asia Pacific, serta
Board Member dari DTT International yang mewakili kawasan
Mr. Kartikahadi was a researcher in the fields of accounting, Asia Pasifik.
information systems and management at Bremer Auschuss für
Wirtschaftsforschung, Bremen, Germany, and a visiting scholar Beliau pernah menjadi peneliti di bidang akuntansi,
at the University of Illinois at Urbana-Champaign, USA. sistem informasi dan manajemen di Bremer Auschuss für
Wirtschaftsforschung, Bremen, Jerman dan visiting scholar di
Mr. Kartikahadi obtained a Doctorandus degree in Accountancy University of Illinois, Urbana-Champaign, Amerika Serikat.
from the Faculty of Economics at the University of Indonesia in
1966. In 2023, he participated in training programs, workshops Bapak Hans Kartikahadi meraih gelar Doktorandus di bidang
and seminars, including “Indonesia’s Economic Outlook 2024” Akuntansi dari Fakultas Ekonomi Universitas Indonesia pada
on 9 August 2023 and “Global Economic Outlook 2024” on tahun 1966. Di tahun 2023, beliau mengikuti berbagai program
6 December 2023. pelatihan, workshop dan seminar, termasuk “Indonesia’s
Economic Outlook 2024” pada tanggal 9 Agustus 2023 dan
He has no affiliation with the members of the BOC, BOD or the “Global Economic Outlook 2024” pada tanggal 6 Desember
substantial shareholder of the Company. 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan
Komisaris lainnya, Direksi atau pemegang saham utama
Perseroan.
2023 ANNUAL REPORT 125
Page 128
PT INDOFOOD SUKSES MAKMUR Tbk
Bambang Permadi Soemantri Brodjonegoro
Independent Commissioner
Komisaris Independen
Mr. Bambang Brodjonegoro, 57, an Indonesian citizen, was Bapak Bambang Brodjonegoro, berusia 57 tahun, warga
appointed as an Independent Commissioner based on negara Indonesia, diangkat sebagai Komisaris Independen
the resolution of the AGM in 2021. He concurrently serves berdasarkan keputusan RUPST Perseroan pada tahun 2021.
as President Commissioner of PT Bukalapak.com Tbk Beliau juga menjabat sebagai Komisaris Utama PT Bukalapak.
(2021-present), Independent Commissioner of PT Astra com Tbk (2021-sekarang), Komisaris Independen PT Astra
International Tbk (2021-present), President Commissioner International Tbk (2021-sekarang), Komisaris Utama PT Telkom
of PT Telkom Indonesia (Persero) Tbk (2021-present) and Indonesia (Persero) Tbk (2021-sekarang) dan Komisaris
Independent Commissioner of PT TBS Energi Utama Tbk Independen PT TBS Energi Utama Tbk (2021-sekarang).
(2021-present).
Beliau pernah menjabat sebagai Menteri Riset dan Teknologi
He was previously the Minister of Research and Technology (2019-2021), Menteri Perencanaan Pembangunan Nasional
(2019-2021), the Minister of National Development Planning (2018-2019) dan Menteri Keuangan (2014-2016) Republik
(2018-2019) and the Minister of Finance (2014-2016) of the Indonesia. Sebelumnya, beliau telah memegang berbagai
Republic of Indonesia. Before that, he had served in various jabatan di Kementerian Keuangan Republik Indonesia (2011-
roles in the Ministry of Finance (2011-2014) and was Director 2014) dan Direktur Jenderal Islamic Research & Training Institute
General of the Islamic Research & Training Institute of the di Islamic Development Bank (2009-2010). Beliau juga pernah
Islamic Development Bank (2009-2010). He also held various menjalani berbagai peran akademis di Universitas Indonesia
academic roles in the University of Indonesia, with the last dengan peran terakhir sebagai Guru Besar dan Dekan di
appointment being Professor and Dean in the Faculty of Fakultas Ekonomi (1997-2009). Beliau merupakan penerima
Economics (1997-2009). He is a recipient of International penghargaan International Achievement Awards tahun 2022 dari
Achievement Awards in 2022 from University of Illinois in Urbana University of Illinois di Urbana-Champaign atas kontribusinya
Champaign for his contribution in economic development terhadap pengembangan ekonomi dan keberlanjutan.
and sustainability.
Bapak Bambang Brodjonegoro meraih gelar Sarjana Ekonomi
Mr. Brodjonegoro earned his Bachelor of Economics di bidang studi Ekonomi Pembangunan dan Ekonomi Regional
degree, with majors in Economic Development and Regional dari Universitas Indonesia pada tahun 1990. Beliau meraih gelar
Economics, from the University of Indonesia in 1990. He Master Urban Planning pada tahun 1993 dan gelar Ph.D di bidang
obtained his Master’s degree in Urban Planning and Doctoral Urban and Regional Planning pada tahun 1997 dari University of
degree in Urban and Regional Planning from the University of Illinois di Urbana-Champaign, Amerika Serikat. Di tahun 2023,
Illinois in Urbana Champaign, USA in 1993 and 1997 respectively. beliau mengikuti berbagai program pelatihan, workshop dan
In 2023, he participated in training programs, workshops and seminar, termasuk “Indonesia’s Economic Outlook 2024” pada
seminars, including “Indonesia’s Economic Outlook 2024” tanggal 9 Agustus 2023 dan “Global Economic Outlook 2024”
on 9 August 2023 and “Global Economic Outlook 2024” on pada tanggal 6 Desember 2023.
6 December 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota
He has no affiliation with the members of the BOC, BOD or Dewan Komisaris lainnya, Direksi atau pemegang saham
substantial shareholder of the Company. utama Perseroan.
126 LAPORAN TAHUNAN 2023
Page 129
Sulaiman Arif Arianto
Independent Commissioner
Komisaris Independen
Mr. Sulaiman Arif Arianto, 65, an Indonesian citizen, was appointed Bapak Sulaiman Arif Arianto, berusia 65 tahun, warga negara
as an Independent Commissioner based on the resolution of the Indonesia, diangkat sebagai Komisaris Independen berdasarkan
AGM in 2023. Currently, Mr. Arianto is a founder of Islamic School keputusan RUPST Perseroan pada tahun 2023. Saat ini beliau
Al-A’raf Persada Indonesia in Depok, the owner of a heavy-duty adalah pendiri Yayasan Al-A’raf Persada Indonesia Sekolah Islam
paper packaging PT Nugraha Aria Sadana, in Cikarang and the di Depok dan pemilik produsen kemasan kertas Heavy Duty
advisor of PT Royal Golden Eagle Jakarta. PT Nugraha Aria Sadana di kawasan Industri di Cikarang, serta
advisor di PT Royal Golden Eagle di Jakarta.
He started his professional career in banking sector in 1983
at PT Bank Rakyat Indonesia Tbk where he was appointed as Beliau merintis karir profesional di sektor perbankan pada tahun
a Director in 2006. From 2015 until 2020, he served as Vice 1983 di PT Bank Rakyat Indonesia Tbk dimana beliau diangkat
President Director of PT Bank Mandiri Tbk. sebagai Direktur pada tahun 2006. Selanjutnya, sejak tahun
2015 hingga 2020, beliau menjabat sebagai Wakil Direktur
Mr. Sulaiman Arif Arianto earned his Bachelor Degree in Animal Utama PT Bank Mandiri Tbk.
Husbandry from the Institut Pertanian Bogor in 1981 and Master
of Business Administration from the University of New Orleans, Bapak Sulaiman Arif Arianto meraih gelar Sarjana Peternakan
USA in 1991. In 2023, he participated in training programs, dari Institut Pertanian Bogor pada tahun 1981 dan gelar Master of
workshops and seminars, including “Indonesia’s Economic Business Administration dari University of New Orleans, Amerika
Outlook 2024” on 9 August 2023 and “Global Economic Serikat pada tahun 1991. Di tahun 2023, beliau mengikuti berbagai
Outlook 2024” on 6 December 2023. program pelatihan, workshop dan seminar, termasuk “Indonesia’s
Economic Outlook 2024” pada tanggal 9 Agustus 2023 dan
He has no affiliation with the members of the BOC, BOD or “Global Economic Outlook 2024” pada tanggal 6 Desember
substantial shareholder of the Company. 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan
Komisaris lainnya, Direksi atau pemegang saham utama Perseroan.
2023 ANNUAL REPORT 127
Page 130
PT INDOFOOD SUKSES MAKMUR Tbk
BOARD OF DIRECTORS
DIREKSI
Taufik Wiraatmadja
Tjhie Tje Fie
Franciscus Welirang (Thomas Tjhie)
Axton Salim
Anthoni Salim
128 LAPORAN TAHUNAN 2023
Page 131
Moleonoto
Hendra Widjaja (Paulus Moleonoto)
Tan Elly Joedianto
(Elly Betty) Alamsyah Soejonopoetro
Tan Suzi Indriani
2023 ANNUAL REPORT 129
Page 132
PT INDOFOOD SUKSES MAKMUR Tbk
Anthoni Salim
President Director
Direktur Utama
Mr. Anthoni Salim, 74, an Indonesian citizen, was first appointed Bapak Anthoni Salim, berusia 74 tahun, warga negara Indonesia,
as President Director and Chief Executive Officer of Indofood pertama kali menjadi Direktur Utama dan Chief Executive Officer
based on the resolution of the AGM in 2004 with the latest Indofood berdasarkan keputusan RUPST Perseroan pada tahun
reappointment in 2021. He concurrently serves as the President 2004 dan terakhir diangkat kembali pada tahun 2021. Beliau
Director of ICBP (2009-present), Chairman of First Pacific juga menjabat sebagai Direktur Utama ICBP (2009-sekarang),
Company Limited (2003-present), and a member of the Asia Chairman First Pacific Company Limited (2003-sekarang),
Business Council (2004-present), as well as President and CEO dan anggota Asia Business Council (2004-sekarang), serta
of Salim Group. He was previously a Director of First Pacific President dan CEO Grup Salim. Sebelumnya, beliau pernah
Company Limited (1981-2003). menjabat sebagai Direktur dari First Pacific Company Limited
(1981-2003).
Mr. Anthoni Salim obtained a Bachelor of Arts degree from the
Ewell County Technical College in Surrey, UK in 1971. In 2023, Bapak Anthoni Salim meraih gelar Bachelor of Arts dari Ewell
he participated in training programs, workshops and seminars, County Technical College di Surrey, Inggris pada tahun 1971.
including “Global Economic Outlook 2024” on 6 December Di tahun 2023, beliau berpartisipasi dalam berbagai program
2023 and “Cyber Security and Artificial Intelligence” on pelatihan, workshop dan seminar, termasuk “Global Economic
8 December 2023. Outlook 2024” pada tanggal 6 Desember 2023 dan “Cyber
Security and Artificial Intelligence” pada tanggal 8 Desember
He is related to Mr. Franciscus Welirang, and Mr. Axton Salim, 2023.
who are Directors of the Company, and is affiliated to the
Company’s substantial shareholder. Beliau memiliki hubungan afiliasi dengan Bapak Franciscus
Welirang dan Bapak Axton Salim, yang keduanya menjabat
sebagai Direktur Perseroan, serta memiliki afiliasi dengan
pemegang saham utama Perseroan.
130 LAPORAN TAHUNAN 2023
Page 133
Franciscus Welirang
Director
Direktur
Mr. Franciscus Welirang, 72, an Indonesian citizen, was first Bapak Franciscus Welirang, berusia 72 tahun, warga negara
appointed as a Director of Indofood based on the resolution of Indonesia, pertama kali diangkat sebagai Direktur Indofood
the AGM in 1995 with the latest reappointment in 2021. He heads berdasarkan keputusan RUPST tahun 1995 dan terakhir diangkat
the Bogasari Group and Corporate Human Resources Division. kembali pada tahun 2021. Beliau bertanggung jawab memimpin
He concurrently serves as an Independent Commissioner of Grup Bogasari dan Divisi Corporate Human Resources. Beliau
PT Indocement Tunggal Prakarsa Tbk (2021-present), President juga menjabat sebagai Komisaris Independen PT Indocement
Commissioner of ICBP (2015-present), Commissioner of Tunggal Prakarsa Tbk (2021-sekarang), Komisaris Utama
PT Unggul Indah Cahaya Tbk (2011-present), Executive Board ICBP (2015-sekarang), Komisaris PT Unggul Indah Cahaya Tbk
Member of the National Committee for Governance Policy (2011-sekarang), Anggota Dewan Pengurus Komite Nasional
(2022-present), Member of the Food Experts Working Group Kebijakan Governansi (2022-sekarang), Anggota Kelompok
of National Food Agency (2022-present), Advisory Board Kerja Ahli Pangan Badan Pangan Nasional (2022-sekarang),
Member at the Indonesian Chamber of Commerce and Industry Anggota Dewan Penasehat Kamar Dagang Indonesia
(2021-present), Advisory Board Member of the Indonesian (2021-sekarang), Anggota Dewan Penasehat Asosiasi Emiten
Public Listed Companies Association (2020-present), Indonesia (2020-sekarang), Anggota Dewan Pertimbangan
Advisory Board Member of the Employer’s Association of Asosiasi Pengusaha Indonesia (2017-sekarang), Ketua Dewan
Indonesia (2017-present), Chairman of the Advisory Board Penasihat Perhimpunan Filantropi Indonesia (2021-sekarang),
to the Association of Philanthropy Indonesia (2021-present), Sekretaris Jenderal Partnership for Indonesia Sustainable
Secretary General of Partnership for Indonesia Sustainable Agriculture (2012-sekarang), Ketua Umum Asosiasi Produsen
Agriculture (2012-present), Chairman of the Indonesian Tepung Terigu Indonesia (2000-sekarang), serta Anggota
Flour Mills Association (2000-present), and Advisory Board Dewan Penasihat Asosiasi Perhimpunan Ahli Teknologi
Member of the Indonesian Association of Food Technologists Pangan Indonesia (2000-sekarang). Sebelumnya beliau
(2000-present). He was previously a Commissioner of ICBP pernah menjabat sebagai Komisaris ICBP (2009-2015), Wakil
(2009-2015), Vice President Director PT Indocement Tunggal Direktur Utama PT Indocement Tunggal Prakarsa Tbk (2011-
Prakarsa Tbk (2011-2021), President Commissioner of the 2021), Komisaris Utama Bursa Efek Surabaya (2001-2007),
Surabaya Stock Exchange (2001-2007), Chairman of the Ketua Umum Asosiasi Emiten Indonesia (2014-2020), Ketua
Indonesian Public Listed Companies Association (2014-2020), Ketahanan Pangan Asosiasi Pengusaha Indonesia (2013-2017),
Chairman of Food Security at the Employer’s Association of Wakil Ketua Badan Perlindungan Konsumen Nasional (2009-
Indonesia (2013-2017), Vice Chairman of the National Consumer 2012), dan Ketua Komite Tetap Ketahanan Pangan Kamar
Protection Agency (2009-2012), and Head of the Permanent Dagang Indonesia (2008-2021).
Committee on Food Security at the Indonesian chamber of
Commerce and Industry (2008-2021). Bapak Franciscus Welirang meraih Diploma di bidang
Chemical Engineering dari South Bank Polytechnic di London,
Mr. Welirang obtained a Higher National Diploma in Chemical Inggris di tahun 1974. Di tahun 2023, beliau berpartisipasi
Engineering from South Bank Polytechnic in London, UK in 1974. dalam berbagai program pelatihan, workshop dan seminar,
In 2023, he participated in training programs, workshops and termasuk “Indonesia’s Economic Outlook 2024” pada tanggal
seminars, including “Indonesia’s Economic Outlook 2024” 9 Agustus 2023 dan “Global Economic Outlook 2024” pada
on 9 August 2023 and “Global Economic Outlook 2024” on tanggal 6 Desember 2023.
6 December 2023.
Beliau memiliki hubungan afiliasi dengan Bapak Anthoni Salim
He is related to Mr. Anthoni Salim and Mr. Axton Salim, who are dan Bapak Axton Salim yang keduanya menjabat sebagai Direksi
Directors of the Company, and is affiliated to the Company’s Perseroan, serta memiliki hubungan afiliasi dengan pemegang
substantial shareholder. saham utama Perseroan.
2023 ANNUAL REPORT 131
Page 134
PT INDOFOOD SUKSES MAKMUR Tbk
Axton Salim
Director
Direktur
Mr. Axton Salim, 45, an Indonesian citizen, was first appointed Bapak Axton Salim, berusia 45 tahun, warga negara Indonesia,
as a Director of Indofood based on the resolution of the AGM in pertama kali diangkat sebagai Direktur Indofood berdasarkan
2009 with the latest reappointment in 2021. He heads the Dairy keputusan RUPST Perseroan pada tahun 2009 dan terakhir
Division and is concurrently the Director of ICBP (2009-present), diangkat kembali pada tahun 2021. Beliau memimpin Divisi
Non-Executive Director of IndoAgri (2007-present), Gallant Dairy, serta menjabat sebagai Direktur ICBP (2009-sekarang),
Venture Ltd. (2014-present) and First Pacific Company Limited Direktur Non-Eksekutif dari IndoAgri (2007-sekarang), Gallant
(2020-present), as well as Commissioner of LSIP (2009-present) Venture Ltd. (2014-sekarang) dan First Pacific Company Limited
and SIMP (2007-present). He started his career in the Indofood (2020-sekarang), serta Komisaris LSIP (2009-sekarang) dan
Group as a Brand Manager for Snack Foods Division (2004- SIMP (2007-sekarang). Beliau mengawali kariernya di Grup
2007) before he was appointed as an Assistant CEO of Indofood Indofood sebagai Brand Manager di Divisi Makanan Ringan
(2007-2009). (2004-2007) sebelum menjabat sebagai Assistant CEO dari
Indofood (2007-2009).
Mr. Salim is also a Co-Chair of the United Nations Scaling Up
Nutrition (SUN) Movement Business Network Advisory Group, a Bapak Axton Salim juga duduk sebagai Co-Chair dari United
Coordinator of SUN Business Network Indonesia (2014-present), Nations Scaling Up Nutrition (SUN) Movement Business Network
and an Advisory Board Member of Nanyang Business School Advisory Group, Coordinator SUN Business Network Indonesia
(2020-present). He is a recipient of the Alumni Achievement (2014-sekarang), dan Anggota Dewan Penasihat Nanyang
Award from Leeds School of Business, the University of Colorado Business School (2020-sekarang). Beliau juga menerima
Boulder in 2021 for his sustained commitment, support and penghargaan Alumni Achievement Award dari Leeds School
exceptional services to the campus and the community. of Business, University of Colorado Boulder pada tahun 2021
atas komitmen, dukungan, dan jasanya kepada kampus
Mr. Salim obtained a Bachelor of Science in Business dan masyarakat.
Administration from the University of Colorado, USA in 2002.
In 2023, he participated in training programs, workshops Bapak Axton Salim meraih gelar Bachelor of Science in Business
and seminars, including "Indonesia's Economic Outlook Administration dari University of Colorado, Amerika Serikat pada
2024” on 9 August 2023, “Global Economic Outlook 2024” tahun 2002. Di tahun 2023, beliau berpartisipasi dalam berbagai
on 6 December 2023 and “Cyber Security and Artificial program pelatihan, workshop dan seminar, termasuk “Indonesia’s
Intelligence” on 8 December 2023. Economic Outlook 2024” pada tanggal 9 Agustus 2023, “Global
Economic Outlook 2024” pada tanggal 6 Desember 2023
He is related to Mr. Anthoni Salim and Mr. Franciscus Welirang, dan “Cyber Security and Artificial Intelligence” pada tanggal
who are Directors of the Company, and is affiliated to the 8 Desember 2023.
Company’s substantial shareholder.
Beliau memiliki hubungan afiliasi dengan Bapak Anthoni Salim
dan Bapak Franciscus Welirang yang keduanya menjabat
sebagai Direksi Perseroan, serta memiliki hubungan afiliasi
dengan pemegang saham utama Perseroan.
132 LAPORAN TAHUNAN 2023
Page 135
Tjhie Tje Fie (Thomas Tjhie)
Director
Direktur
Mr. Thomas Tjhie, 60, an Indonesian citizen, was first appointed Bapak Thomas Tjhie, berusia 60 tahun, warga negara Indonesia,
as a Director based on the resolution of the AGM in 2004 pertama kali diangkat sebagai Direktur berdasarkan keputusan
with the latest reappointment in 2021. He supervises all RUPST Perseroan pada tahun 2004 dan terakhir diangkat kembali
financial operations of the Company and heads the Corporate pada tahun 2021. Beliau mengawasi seluruh kegiatan keuangan
Secretary Division. He concurrently serves as Director of Perseroan dan memimpin Divisi Corporate Secretary. Beliau
ICBP (2009-present), Non-Executive Director of IndoAgri juga menjabat sebagai Direktur ICBP (2009-sekarang), Direktur
(2006-present) and President Commissioner of SIMP Non-Eksekutif IndoAgri (2006-sekarang) dan Komisaris Utama
(2009-present). He was previously Director of LSIP (2007- SIMP (2009-sekarang). Sebelumnya, beliau pernah menjabat
2014), Commissioner of SIMP (2006-2009) and Director of sebagai Direktur LSIP (2007-2014), Komisaris SIMP (2006-2009)
PT Indomiwon Citra Inti (1993-2000), as well as Senior Executive dan Direktur PT Indomiwon Citra Inti (1993-2000), serta Senior
of PT Kitadin Coal Mining (1990-1991). Executive PT Kitadin Coal Mining (1990-1991).
Mr. Tjhie obtained a Bachelor’s degree in Accounting from Bapak Thomas Tjhie meraih gelar Sarjana Akuntansi dari Sekolah
the Perbanas Banking Institute in Jakarta in 1991. In 2023, he Tinggi Ilmu Ekonomi Perbanas di Jakarta tahun 1991. Di tahun
participated in training programs, workshops and seminars, 2023, beliau berpartisipasi dalam berbagai program pelatihan,
including “Indonesia’s Economic Outlook 2024” on 9 August workshop dan seminar, termasuk “Indonesia’s Economic Outlook
2023 and “Global Economic Outlook 2024” on 6 December 2024” pada tanggal 9 Agustus 2023 dan “Global Economic
2023. Outlook 2024” pada tanggal 6 Desember 2023.
He has no affiliation with the members of the BOD, BOC or the Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
substantial shareholder of the Company. lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
2023 ANNUAL REPORT 133
Page 136
PT INDOFOOD SUKSES MAKMUR Tbk
Taufik Wiraatmadja
Director
Direktur
Mr. Taufik Wiraatmadja, 65, an Indonesian citizen, was first Bapak Taufik Wiraatmadja, berusia 65 tahun, warga negara
appointed as a Director based on the resolutions of the AGM in Indonesia, pertama kali diangkat sebagai Direktur berdasarkan
2004 with the latest reappointment in 2021. He is responsible keputusan RUPST Perseroan pada tahun 2004 dan terakhir
for the Company’s Noodles Division and Culinary Products diangkat kembali pada tahun 2021. Beliau bertanggung jawab
Unit Operations. He concurrently serves as Director of ICBP memimpin Divisi Mi Instan dan Unit Usaha Produk Kuliner
(2009-present) and Commissioner of SIMP (2015-present). Perseroan. Beliau juga menjabat sebagai Direktur ICBP
(2009-sekarang) dan Komisaris SIMP (2015-sekarang).
Mr. Taufik Wiraatmadja obtained a Bachelor of Engineering in
Agricultural Technology from the Bogor Institute of Agriculture Bapak Taufik Wiraatmadja meraih gelar Sarjana di bidang
in 1981, and a Master of Business Administration degree from the Teknologi Pertanian dari Institut Pertanian Bogor pada tahun
GS Fame Institute of Business in 1988. In 2023, he participated 1981 dan gelar Master of Business Administration dari GS Fame
in training programs, workshops and seminars, including Institute of Business pada tahun 1988. Di tahun 2023, beliau
“Indonesia’s Economic Outlook 2024” on 9 August 2023 and berpartisipasi dalam berbagai program pelatihan, workshop
“Global Economic Outlook 2024” on 6 December 2023. dan seminar, termasuk “Indonesia’s Economic Outlook
2024” pada tanggal 9 Agustus 2023 dan “Global Economic
He has no affiliation with the members of the BOD, BOC or the Outlook 2024” pada tanggal 6 Desember 2023.
substantial shareholder of the Company.
Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
134 LAPORAN TAHUNAN 2023
Page 137
Alamsyah
Director
Direktur
Mr. Alamsyah, 55, an Indonesian citizen, was appointed as Bapak Alamsyah, berusia 55 tahun, warga negara Indonesia,
a Director of Indofood based on the resolution of the AGM diangkat sebagai Direktur Indofood berdasarkan keputusan
in 2021. He concurrently serves as Commissioner of ICBP RUPST Perseroan pada tahun 2021. Saat ini, beliau juga menjabat
(2009-present) and Director of LSIP (2019-present). sebagai Komisaris ICBP (2009-sekarang) dan Direktur LSIP
He was Commissioner of LSIP (2018-2019), Senior Corporate (2019-sekarang). Bapak Alamsyah pernah menjabat sebagai
Finance Manager of PT Net Sekuritas, Corporate Finance Komisaris di LSIP (2018-2019), Senior Corporate Finance
Manager of PT Indocement Tunggal Prakarsa Tbk (1996-2002) Manager PT Net Sekuritas, Corporate Finance Manager
and Senior Auditor of PT Inti Salim Corpora (1992-1996). PT Indocement Tunggal Prakarsa Tbk (1996-2002) dan Auditor
Senior PT Inti Salim Corpora (1992-1996).
Mr. Alamsyah has a Bachelor of Arts degree in Accounting
from Parahyangan Catholic University in Bandung. In 2023, Bapak Alamsyah meraih gelar Sarjana Akuntansi dari Universitas
he participated in training programs, workshops and Katolik Parahyangan di Bandung. Di tahun 2023, beliau
seminars, including “Indonesia’s Economic Outlook 2024” mengikuti berbagai program pelatihan, workshop dan seminar,
on 9 August 2023 and “Global Economic Outlook 2024 on termasuk “Indonesia’s Economic Outlook 2024” pada tanggal
6 December 2023. 9 Agustus 2023 dan “Global Economic Outlook 2024” pada
tanggal 6 Desember 2023.
He has no affiliation with the members of the BOD, BOC or the
substantial shareholder of the Company. Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
2023 ANNUAL REPORT 135
Page 138
PT INDOFOOD SUKSES MAKMUR Tbk
Moleonoto (Paulus Moleonoto)
Director
Direktur
Mr. Paulus Moleonoto, 61, an Indonesian citizen, was first Bapak Paulus Moleonoto, berusia 61 tahun, warga negara
appointed as a Director based on the resolution of the AGM Indonesia, pertama kali diangkat sebagai Direktur berdasarkan
in 2009 with the latest reappointment in 2021. He heads the keputusan RUPST Perseroan pada tahun 2009 dan terakhir
Plantations Division and concurrently serves as President diangkat kembali pada tahun 2021. Beliau bertanggung jawab
Commissioner of LSIP (2015-present), Commissioner of ICBP memimpin Divisi Perkebunan dan juga menjabat sebagai
(2009-present), Executive Director and Head of Finance & Komisaris Utama LSIP (2015-sekarang), Komisaris ICBP
Corporate Services of IndoAgri (2006-present) and Vice (2009-sekarang), Direktur Eksekutif dan Head of Finance &
President Director of SIMP (2004-present). He was previously Corporate Services dari IndoAgri (2006-sekarang), dan Wakil
Vice President Director I (2014-2015) and Director (2007-2014) Direktur Utama SIMP (2004-sekarang). Beliau sebelumnya
of LSIP. Before joining the Plantations Division of the Indofood menjabat sebagai Wakil Direktur Utama I (2014-2015) dan
Group as Chief Financial Officer, he held various management Direktur (2007-2014) di LSIP. Sebelum bergabung dengan Divisi
positions in the Salim Plantations Group (1990-2004). He began Perkebunan Grup Indofood sebagai Chief Financial Officer,
his career at Drs. Hans Kartikahadi & Co., a public accounting firm beliau pernah menjabat berbagai posisi manajemen di Salim
in Jakarta (1984-1990). He is a registered accountant in Indonesia. Plantations Group (1990-2004). Beliau memulai kariernya di Drs.
Hans Kartikahadi & Co., sebuah kantor akuntan publik di Jakarta
Mr. Moleonoto obtained a Bachelor of Accountancy degree from (1984-1990). Beliau adalah akuntan terdaftar di Indonesia.
the University of Tarumanagara, Jakarta, in 1987, and a Bachelor’s
degree in Management, and a Master of Science degree in Bapak Paulus Moleonoto meraih gelar Sarjana Akuntansi dari
Administration and Business Policy from the University of Indonesia Universitas Tarumanagara, Jakarta tahun 1987, serta gelar Sarjana
in 1990 and 2001 respectively. In 2023, he participated in training Manajemen, dan Magister Sains bidang Kebijakan Bisnis dan
programs, workshops and seminars, including “Indonesia’s Administrasi dari Universitas Indonesia masing-masing di tahun
Economic Outlook 2024” on 9 August 2023, “Task Force on 1990 dan 2001. Di tahun 2023, beliau berpartisipasi dalam
Climate Related Financial Disclosures” on 17 November 2023 and berbagai program pelatihan, workshop dan seminar, termasuk
“Global Economic Outlook 2024” on 6 December 2023. “Indonesia’s Economic Outlook 2024” pada tanggal 9 Agustus
2023, “Task Force on Climate Related Financial Disclosures”
He has no affiliation with the members of the BOD, BOC or the pada tanggal 17 November 2023 dan “Global Economic
substantial shareholder of the Company. Outlook 2024” pada tanggal 6 Desember 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
136 LAPORAN TAHUNAN 2023
Page 139
Joedianto Soejonopoetro
Director
Direktur
Mr. Joedianto Soejonopoetro, 65, an Indonesian citizen, was Bapak Joedianto Soejonopoetro, berusia 65 tahun, warga
first appointed as a Director of Indofood based on the resolution negara Indonesia, pertama kali diangkat sebagai Direktur
of the AGM in 2015 with the latest reappointment in 2021. He Indofood berdasarkan keputusan RUPST Perseroan pada tahun
concurrently heads the Distribution Group and Beverages 2015 dan terakhir diangkat kembali pada tahun 2021. Beliau juga
Division, and serves as Director of ICBP (2018-present). Prior to memimpin Grup Distribusi dan Divisi Minuman Perseroan, serta
joining Indofood, he was Chief Operation Officer of PT Pebapan. menjabat sebagai Direktur ICBP (2018-sekarang). Sebelum
bergabung dengan Indofood, beliau pernah menjabat sebagai
Mr. Soejonopoetro has a Bachelor of Economics degree in Chief Operation Officer dari PT Pebapan.
Management from Parahyangan Catholic University in Bandung
in 1984. In 2023, he participated in training programs, workshops Bapak Joedianto Soejonopoetro meraih gelar Sarjana Ekonomi
and seminars, including “Indonesia’s Economic Outlook 2024” di bidang Manajemen dari Universitas Katolik Parahyangan di
on 9 August 2023 and “Global Economic Outlook 2024” on Bandung pada tahun 1984. Di tahun 2023, beliau berpartisipasi
6 December 2023. dalam berbagai program pelatihan, workshop dan seminar,
termasuk “Indonesia’s Economic Outlook 2024” pada tanggal
He has no affiliation with the members of the BOD, BOC or the 9 Agustus 2023 dan “Global Economic Outlook 2024” pada
substantial shareholder of the Company. tanggal 6 Desember 2023.
Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
2023 ANNUAL REPORT 137
Page 140
PT INDOFOOD SUKSES MAKMUR Tbk
Hendra Widjaja
Director
Direktur
Mr. Hendra Widjaja, 62, an Indonesian citizen, was first appointed Bapak Hendra Widjaja, berusia 62 tahun, warga negara Indonesia,
as a Director based on the resolution of the AGM in 2018 with the pertama kali diangkat sebagai Direktur berdasarkan keputusan
latest reappointment in 2021. He heads the Corporate Controller RUPST Perseroan pada tahun 2018 dan terakhir diangkat
Division of the Company. He concurrently serves as Director of kembali pada tahun 2021. Beliau memimpin Divisi Corporate
ICBP (2009-present), Commissioner of SIMP (2013-present) and Controller Perseroan. Beliau juga menjabat sebagai Direktur ICBP
LSIP (2009-present). (2009-sekarang), Komisaris SIMP (2013-sekarang) dan LSIP
(2009-sekarang).
Mr. Widjaja obtained a Bachelor’s degree in Management and
Finance from the Atma Jaya Catholic University in Jakarta in Bapak Hendra Widjaja meraih gelar Sarjana di bidang Manajemen
1986. In 2023, he participated in training programs, workshops dan Keuangan dari Universitas Katolik Atma Jaya di Jakarta pada
and seminars, including “Indonesia’s Economic Outlook 2024” tahun 1986. Di tahun 2023, beliau berpartisipasi dalam berbagai
on 9 August 2023 and “Global Economic Outlook 2024” on program pelatihan, workshop dan seminar, termasuk “Indonesia’s
6 December 2023. Economic Outlook 2024” pada tanggal 9 Agustus 2023 dan
“Global Economic Outlook 2024” pada tanggal 6 Desember
He has no affiliation with the members of the BOD, BOC or the 2023.
substantial shareholder of the Company.
Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
138 LAPORAN TAHUNAN 2023
Page 141
Tan Suzi Indriani
Director
Direktur
Mrs. Tan Suzi Indriani, 63, an Indonesian citizen, was appointed Ibu Tan Suzi Indriani, berusia 63 tahun, warga negara Indonesia,
as a Director of Indofood based on the resolution of the AGM diangkat sebagai Direktur Indofood berdasarkan keputusan
in 2021. She does not have any concurrent role as a Director, RUPST Perseroan pada tahun 2021. Beliau tidak memiliki
Commissioner or Committee Member in other public companies. rangkap jabatan sebagai Direksi, Komisaris atau Anggota
Prior to Indofood, she served in the Finance and Accounting Komite di perusahaan publik lainnya. Sebelum bergabung
Department at PT Jatim Taman Steel (1985-1986). dengan Perseroan, beliau bekerja di Departemen Keuangan dan
Akuntansi di PT Jatim Taman Steel (1985-1986).
Mrs. Indriani obtained a Bachelor of Economics degree from
the University of Airlangga in 1985. In 2023, she participated Ibu Tan Suzi Indriani meraih gelar Sarjana Ekonomi di bidang
in training programs, workshops and seminars, including Akuntansi dari Universitas Airlangga pada tahun 1985. Di tahun
“Indonesia’s Economic Outlook 2024” on 9 August 2023 and 2023, beliau berpartisipasi dalam berbagai program pelatihan,
“Global Economic Outlook 2024” on 6 December 2023. workshop dan seminar, termasuk “Indonesia’s Economic Outlook
2024” pada tanggal 9 Agustus 2023 dan “Global Economic
She has no affiliation with the members of the BOD, BOC or the Outlook 2024” pada tanggal 6 Desember 2023.
substantial shareholder of the Company.
Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
2023 ANNUAL REPORT 139
Page 142
PT INDOFOOD SUKSES MAKMUR Tbk
Tan Elly (Elly Betty)
Director
Direktur
Mrs. Elly Betty, 53, an Indonesian citizen, was appointed as a Ibu Elly Betty, berusia 53 tahun, warga negara Indonesia, diangkat
Director of Indofood based on the resolution of the AGM in sebagai Direktur Indofood berdasarkan keputusan RUPST
2021. She does not have any concurrent role as a Director, Perseroan pada tahun 2021. Beliau tidak memiliki rangkap jabatan
Commissioner or Committee Member in other public companies. sebagai Direksi, Komisaris atau Anggota Komite di perusahaan
Prior to Indofood, she was the General Manager of Strategic publik lainnya. Sebelum bergabung dengan Perseroan, beliau
Planning Group at PT Charoen Pokphand Indonesia (2003-2004) menjabat sebagai General Manager Grup Perencanaan Strategis
and a Financial Analyst at PT Aspirasi Darma Nusa (1999-2003). PT Charoen Pokphand Indonesia (2003-2004) dan Analis
Keuangan di PT Aspirasi Darma Nusa (1999-2003).
Mrs. Elly Betty earned her Bachelor of Engineering in Electrical
Engineering from the Trisakti University in 1993. She obtained Ibu Elly Betty meraih gelar Sarjana Teknik dengan jurusan Teknik
her Master of Business Administration degree from the IPMI Elektro di Universitas Trisakti pada tahun 1993. Beliau meraih gelar
International Business School/Monash University in 1997, and Magister Administrasi Bisnis dari Sekolah Bisnis Internasional IPMI/
was conferred the designation of a Chartered Financial Analyst Universitas Monash pada tahun 1997 dan merupakan pemegang
(CFA) charterholder in 2001. In 2023, she participated in training gelar Chartered Financial Analyst (CFA) yang diperoleh pada
programs, workshops and seminars, including “Indonesia’s tahun 2001. Di tahun 2023, beliau berpartisipasi dalam berbagai
Economic Outlook 2024” on 9 August 2023 and “Global program pelatihan, workshop dan seminar, termasuk “Indonesia’s
Economic Outlook 2024” on 6 December 2023. Economic Outlook 2024” pada tanggal 9 Agustus 2023 dan
“Global Economic Outlook 2024” pada tanggal 6 Desember
She has no affiliation with the members of the BOD, BOC or the 2023.
substantial shareholder of the Company.
Beliau tidak memiliki hubungan afiliasi dengan anggota Direksi
lainnya, Dewan Komisaris atau dengan pemegang saham
utama Perseroan.
140 LAPORAN TAHUNAN 2023
Page 143
CAPITAL MARKET SUPPORTING
INSTITUTIONS/PROFESSIONALS
LEMBAGA/PROFESI PENUNJANG PASAR MODAL
Public Accountant | Akuntan Publik
Purwantono, Sungkoro & Surja
Indonesia Stock Exchange Building Tower 2, 7th Floor
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
Share Registrar | Biro Administrasi Efek
PT Raya Saham Registra
Plaza Sentral, 2nd Floor
Jl. Jend. Sudirman Kav. 47-48
Jakarta 12930
Rating Agency | Pemeringkat Rating
PT Pemeringkat Efek Indonesia
Equity Tower, 30th Floor
Sudirman Central Business District Lot 9
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
Fitch Ratings Ltd
30 North Colonnade
Canary Wharf
London E14 5GN
United Kingdom
Moody's Investors Service Singapore Pte. Ltd.
71 Robinson Road
#05-01 / 02
Singapore 068895
Notary | Notaris
Kumala Tjahjani Widodo, SH.,MH.,M.Kn.
Jl. Biak Raya No. 7D
Jakarta 10150
2023 ANNUAL REPORT 141
Page 144
PT INDOFOOD SUKSES MAKMUR Tbk
SUBSIDIARIES, ASSOCIATE COMPANIES
& JOINT VENTURES
ENTITAS ANAK, ENTITAS ASOSIASI & VENTURA BERSAMA
PT INDOFOOD SUKSES MAKMUR Tbk PT Samudra Sukses Makmur
Sudirman Plaza, Indofood Tower, 27 Floor
th
Total Assets: Rp149 billion
Jl. Jend. Sudirman Kav. 76-78 Shipping, 100% effectively owned by Indofood
Jakarta 12910 Pulen Sari Building, 2nd Floor,
Phone (+62 21) 5795 8822 Bogasari Flour Mills Complex
Fax (+62 21) 5793 5960 Jl. Raya Cilincing No. 1, Tanjung Priok, Jakarta 14110
Email corporate.secretary@indofood.co.id Phone (+62 21) 2926 3900
Fax (+62 21) 437 0112
Operating Subsidiaries
PT Indofood CBP Sukses Makmur Tbk 1
PT Inti Abadi Kemasindo Total Assets: Rp119,27 trillion
Total Assets: Rp307 billion Consumer Branded Products, 80.5% effectively
Packaging, 100% effectively owned by Indofood owned by Indofood
Kampung Muhara (CCIE Complex) Sudirman Plaza, Indofood Tower, 23rd Floor
Citeureup, Bogor 16810 Jl. Jend. Sudirman Kav. 76-78, Jakarta 12910
Phone (+62 21) 875 2544 Phone (+62 21) 5793 7500
Fax (+62 21) 875 2542 Fax (+62 21) 5793 7557
Pacsari Pte. Ltd. Indofood Agri Resources Ltd.2
Total Assets: Rp1,52 trillion Total Assets: Rp11,25 trillion
Shipping, 100% effectively owned by Indofood Agribusiness (Investment), 72,9% effectively owned
390 Havelock road by Indofood
#07-02 King’s Centre, Singapore 169662 8 Eu Tong Sen Street
Phone (+65) 6836 3881 #16-96/97 The Central, Singapore 059818
Fax (+65) 6836 3884 Phone (+65) 6557 2389
Fax (+65) 6557 2387
Ocean 21 Pte. Ltd.
Total Assets: Rp4,01 trillion PT Salim Ivomas Pratama Tbk 3
Shipping, 100% effectively owned by Indofood Total Assets: Rp35,01 trillion
390 Havelock road Agribusiness (Plantations and Edible Oils & Fats),
#07-02 King’s Centre, Singapore 169662 60,6% effectively owned by Indofood
Phone (+65) 6836 3881 Sudirman Plaza, Indofood Tower, 22nd Floor
Fax (+65) 6836 3884 Jl. Jend. Sudirman Kav. 76-78, Jakarta 12910
Phone (+62 21) 5795 8822
Fax (+62 21) 5793 7504
142 LAPORAN TAHUNAN 2023
Page 145
PT PP London Sumatra Indonesia Tbk 4 PT Putri Daya Usahatama
Total Assets: Rp12,67 trillion Total Assets: Rp826 billion
Agribusiness (Plantations), 36,1% effectively owned Distribution, 65.0% effectively owned by Indofood
by Indofood Jl. Rumah Sakit No. 133, Rancamaya, Mekarmulya
Ariobimo Sentral, 12th Floor Bandung 40613
Jl. H.R. Rasuna Said Blok X-2 Kav. 5, Jakarta 12950 Phone (+62 22) 780 3555
Phone (+62 21) 8065 7388 Fax (+62 22) 780 1613
Fax (+62 21) 8065 7399
PT Aston Inti Makmur
PT Indomarco Adi Prima Total Assets: Rp3,88 trillion
Total Assets: Rp11,73 trillion Building Ownership and Management,
Distribution, 100% effectively owned by Indofood 74,3% effectively owned by Indofood
Sudirman Plaza, Indofood Tower, 19th Floor Ariobimo Sentral, 9th Floor
Jl. Jend. Sudirman Kav. 76-78, Jl. H.R. Rasuna Said Blok X-2 Kav. 5, Jakarta 12950
Jakarta 12910 Phone (+62 21) 522 5775
Phone (+62 21) 5795 8822 Fax (+62 21) 522 5995
Fax (+62 21) 5793 7528
1 List of subsidiaries, associate companies and joint ventures is available in the annual report of PT Indofood CBP Sukses Makmur Tbk
Daftar entitas anak, entitas asosiasi dan ventura bersama dapat dilihat pada laporan tahunan PT Indofood CBP Sukses Makmur Tbk
2 List of subsidiaries, associate companies and joint ventures is available in the annual report of Indofood Agri Resources Ltd.
Daftar entitas anak, entitas asosiasi dan ventura bersama dapat dilihat pada laporan tahunan Indofood Agri Resources Ltd.
3 List of subsidiaries, associate companies and joint ventures is available in the annual report of PT Salim Ivomas Pratama Tbk
Daftar entitas anak, entitas asosiasi dan ventura bersama dapat dilihat pada laporan tahunan PT Salim Ivomas Pratama Tbk
4 List of subsidiaries, associate companies and joint ventures is available in the annual report of PT PP London Sumatra Indonesia Tbk
Daftar entitas anak, entitas asosiasi dan ventura bersama dapat dilihat pada laporan tahunan PT PP London Sumatra Indonesia Tbk
Indofood’s effective ownership as of 31 December 2023
Kepemilikan efektif Indofood per 31 Desember 2023
2023 ANNUAL REPORT 143
Page 146
PT INDOFOOD SUKSES MAKMUR Tbk
Atlantic Ocean Indian Ocean
Samudra Atlantik Samudra Hindia
144 LAPORAN TAHUNAN 2023
Page 147
PRODUCTION FACILITIES
FASILITAS PRODUKSI
Consumer Branded Products Bogasari
North Sumatra East Java Saudi Arabia Jabodetabek
Riau Bali Türkiye East Java
Jambi West Kalimantan Kenya
South Sumatra South Kalimantan Egypt
Lampung South Sulawesi Nigeria
Jabodetabek North Sulawesi Ghana
West Java Malaysia Morocco
Central Java Serbia
Agribusiness: Plantations Agribusiness: CPO Refineries
North Sumatra Central Java East Kalimantan North Sumatra
Riau East Java South Sulawesi Jabodetabek
South Sumatra West Kalimantan North Sulawesi East Java
West Java Central Kalimantan North Sulawesi
2023 ANNUAL REPORT 145
Page 148
PT INDOFOOD SUKSES MAKMUR Tbk
ACKNOWLEDGEMENT
PERNYATAAN
BOARD OF DIRECTORS AND COMMISSIONERS’ SURAT PERNYATAAN ANGGOTA DIREKSI
STATEMENTS ON THE RESPONSIBILITY FOR DAN ANGGOTA DEWAN KOMISARIS TENTANG
PT INDOFOOD SUKSES MAKMUR Tbk TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2023
ANNUAL REPORT YEAR 2023 PT INDOFOOD SUKSES MAKMUR Tbk
We, the undersigned hereby declare that all the Kami yang bertanda tangan di bawah ini menyatakan
information disclosed in the 2023 Annual Report bahwa semua informasi dalam Laporan Tahunan
of PT Indofood Sukses Makmur Tbk is complete PT Indofood Sukses Makmur Tbk tahun 2023 telah
and we are fully responsible for the accuracy of dimuat secara lengkap dan bertanggung jawab penuh
such information. atas kebenaran isi laporan tahunan perusahaan.
This statement is made truthfully. Demikian pernyataan ini dibuat dengan sebenarnya.
Jakarta, April 2024 Jakarta, April 2024
Board of Directors | Direksi
Anthoni Salim Franciscus Welirang Axton Salim Tjhie Tje Fie (Thomas Tjhie)
President Director Director Director Director
Taufik Wiraatmadja Alamsyah Moleonoto Joedianto Soejonopoetro
Director Director (Paulus Moleonoto) Director
Director
Hendra Widjaja Tan Suzi Indriani Tan Elly (Elly Betty)
Director Director Director
Board of Commissioners | Dewan Komisaris
Manuel V. Pangilinan Benny S. Santoso Christopher H. Young Joseph H. P. Ng
President Commissioner Commissioner Commissioner Commissioner
John W. Ryan Hans Kartikahadi Bambang Permadi Sulaiman Arif Arianto
Commissioner Independent Commissioner Soemantri Brodjonegoro Independent Commissioner
Independent Commissioner
146 LAPORAN TAHUNAN 2023
Page 149
INDEPENDENT AUDITOR’S REPORT
LAPORAN AUDITOR INDEPENDEN
PT INDOFOOD SUKSES MAKMUR Tbk AND ITS SUBSIDIARIES
Consolidated financial statements as of December 31, 2023
and for the year then ended with independent auditors’ report
PT INDOFOOD SUKSES MAKMUR Tbk DAN ENTITAS ANAKNYA
Laporan keuangan konsolidasian tanggal 31 Desember 2023
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen
2023 ANNUAL REPORT 147
Page 150
01245676894846$9/2$:689869/9/2=28/68>$2$125268
95268?8$482698987>972@
BCDEFGHGGFIJKILIMNKMJOCPK Z[\]^`a``^bcdbebfgdfch[id
FNELECDCNINENKEQN g]^\[bbcib\^\gh\eb
RNBGONEKLJNESNEKGEIGRDFNIDNE k`]b`l\^g[e^a\]g]k\glb[g[efe][bgb`a
CNESSNRTVFLILMPLOWXWTFNE ^ekefiehmnopqpmg]^
JECJKCNYJEQNESPLONKYDOBNFN a`h[resegh[re]e]^e^
CNESSNRCLOILPJC t\[r\]^eZe]^e][gc^\[`hvbheZ`h[
PLILOCNRNBGONENJFDCGODEFLBLEFLE
FwxywzD{| [}~k
Ywww
Z}
652/45 /9/2=28/ 2//25
?8$228$28/>$6/45245/
@@ 4846$9/2$ /9/2=28/4:!689869"46/648
#%& 4846$9/2$ /9/2=28/4:"54:6/45 498$
'&( ))))))))))))))))))))))))))))) * + @@@@ @@@ @,/125 4=521286-2?84=2
#&. 4846$9/2$ /9/2=28/4:
)))))))))))))))))))))))))))))))))))))))))))))) 0 @ @198726812>6/3
)))))))))))) 4 5 @@ @ 4846$9/2$ /9/2=28/4: 91!46
7 ;4/2/4/12 4846$9/2$
)))))))))))))))))))))))) 8 09 @@@ @@ !689869 /9/2=28/
<<<<<<<<<<<<<<<<<<<<
Page 151
Page 152
1235678796356$79/:E3E2363797N79$23O9E593N79
98:83P
RSTUVSWXYZ\]UV^WZ_T_WZ_W O9E339E39$:E7$56N356$
`abcdae fcg hhijkligmhnilpqgmlhrlhshmt
nlmluuulihir ¡¡¡
v_w_xSWxyS{Sw|}_~SWUw\SV\|ZSW 123¢26325E36N9E$23£56EN5¤
}\V_\ 57NN75936N9E763/$56N
v^WZUUUZyY_SwYV 1O9E5¤55E¢:N3N :61
T\W\ 79759
a 0 a ea0 abcdae aeae *+,-,.010+,223,45146247810,0
cec0a0ae ueccc a d 914,421,8 7,347 9 ;< ¡4090 =.>77
daaae!" ae e0a aeae#a %ada ?,>3.<@>A+BC3,45DF,40177.@7101,17
c00 aa0 &db!"da b0d'#ae A28821-85 90 ,7+ BG.DFHI+12+
d0d0ad0abcdaebc00aeaecec0a0ae 2317+247810,07,349914,421,8
aeanm( dihin'daabcdaea a 7114 ,7 9 J23@ H H,40 +
d0 ae bea0ae c bde0 a0e 247810,07,347991877,40+
cec0a0ae' abcdae bd aae 0a 23+471-1423H247810,07,349
cec0a0ae'aeabcdaeadacec0a0ae 2+,46714K.15H,40247810,07,349
eae#ae da0dbaaaead ' 2,7+98I79+5,+4400H,4047
da %aaae aa abcdae aeae + 247810,0 914,421,87,347H1428.0146
cec0a0ae' d a 0ecd a0 0)aae 3,1,8,22.414681251493,14
aeae0 ad0ag
ed cb0e0 a 0' abcdae aeae ¡4 .1414H+ ,223,45146247810,0
cec0a0aeda b0d e#a)0ae%adaLa)ad' 914,421,87,347749,185H14,883,1,8
aa aa#ae ad0a'bc00aeae 727H+247810,0914,421,871149+
cec0a0ae&dbaeanm( dihin' G. ,7 9 J23@ H H ,40 17
da 0ed)a aeae ae ad a 247810,0914,421,893,42,402,7+98I7
cec0a0aee#aeae#ae da0dbaa 9 + 5, +4 400H14 ,220,42 I1+
aea d ' a0 eae aead ¡40471,4M14,421,822.4146=,40,07
peae0 aeae0uece0ag
0
Page 153
1235678796356$79/:E3E2363797G79$23H9E593G79
98:83I
KLMNOLPQRSUVNOWPSXMXPSXPYZLP[RVLP\ H9E339E39$z:E7$56{G|356$}/59$79:3E
]^_`a^b c`d eefgijfdkelfjmndkjeojepekq
ljkjrrrjfefotu^bvwx^by
LUNMUPU G7G56579759
^ 0 u^ ^b^^b ^w 0x ^ 0 a^^a^b ! !! "#
x^b ^a mw 0x ^b 0xx^_^b `u rbx0xwx %!!& ' &!()&# (* #
m wbx^b wu0 rb `b 0^ trmryd ^bwb &!&+,+-()!&
v^^ ^ 0 bwawx x^b ^axa wx 0wa^0^b .,-0 1 &&()& #&
u0 u^bvwx ^u^ _^a^a^ ^bwb ^^ &!!&!+#&( #2&
mw 0x`axa^ ^_mw 0x^x^ ]^_`a^b w^b^b &&()&+ #+ #,&)!
`b`u0^0^b _^ ^ u^_`a^b ^ 0d ^ 0 3!!)%!4&!!'!#+
0b _ b b xa^ ^_ aw_ a^^a^b ! + #5!!"#
xbxw^b x0^^bau ^b ^u^ ^w 0x ^ 0 ##!)64&)7! !+
^x^ u^_`a^b w^b^b `b`u0^0^b 0rb `b 0^ #&)!+!!)&!4&&!8
^b ^ 0xu^ bw0x^bwbv^^ x0^ ! " #!7 +)+)) # #!)
u^0bb^ a^^a^b xbxw^b xa wxd^ 0 &&()& !! "# &#
^0b^^wx0^w 0x^bxu^ ^ 0_ a`u 64& ()7 #! #!7
^ ^u^ w w_ ^bx_^xwbxw b 0^^b w^xw "#!7(!&&++ !!!
^0^0`_0b0^ 0d 7!(!&&+
9LZLRSUVRVL;L <3=:E7$>$$36G
?^u^w 0xwx^ ^ ^ ^u^ ^uq^u^b bwawx @*!4! &! #&4! & #!8
_ ax0 ^b^b _a` 0̀b^u ^ 0 aw_^^b ^u +&&!)A'48"+4&&'+!
^b _^u0b 0b00^b ^u^ ^w 0x ^ 0^x^ !+#&)!+!!)&!4&
u^_`a^b w^b^b `b`u0^0^b_ a0̀ 0b0d?^u +# %#B*!4! &"
^w 0xwx^ ^xa wx 0^ _^0^b ^u^ `bx !&& # C + ! + #
^w 0x ^ 0^x^ u^_`a^b w^b^b `b`u0^0^b &)!+!!)&!4&!B!&!"#)8
^a^ uwaw^b ^b ^u^ aw w ^b`_0b0 !+4' #8!"
^ 0^x^ u^_`a^b w^b^b `b`u0^0^bxa^0x 7 ! &!! &# B* !
^b ^ 0x0^ b^x^^b w^xw`_0b0xa_0^ 4! & 3 # B* ! 4! ()"8
^x^ ^u^w 0xwx^ ^xa wxd nbxw ^u^w 0x &+#"!!&&&#B*
wx^ ^ 0^^ 0b0 _ bvu^^b ^ 0xbx^b !4! &7&#C
^^0 ^b^ ^w 0x ^ 0 a _`b ^uxa wx
0^ _^0^b ^u^ `bx xa wxd
^ 0xu^ bw0x^bwb v^^ ^b #!7+)+)) #&&()&&(
0wa^0^b ^u^ _^a^a^ ^bwb ^^ #2&&&()&+ #+ #
mw 0x`axa^ ^_mw 0x^x^ ]^_`a^b w^b^b ,&)! 3!!)%!4&!!'!# +
`b`u0^0^b _^ ^ u^_`a^b ^ 0 xa ^w 8)')! #B*!
wwb^b b^b ^u ^w 0x wx^ ^ ^b 4! 44! ()" ')*8
0` wb0^0^b 0^^0b0d Du ^ab^0xw ! ) # +4! +&
^w 0x ^ 0 b ^w__ u^ ^b^^b_a` wa^b &' & !&&&&4 +#&B&
0 ^0b wbxw a _`b _ b0u^0^b ^ 0^x^ +4!!)4&&!4 + # !4!*'
a00` ^u^^b_ b^v0^b ^xa0^u^u^ u^_`a^b &)!+!!)&!4&F#&)&+
w^b^b `b`u0^0^bxau^ _0ad?^0u_a` wa ! &8)' # &
^w 0x ^ 0 xa ^w _a` wa^b 0u^w ^b +4 !&& #B*!4! ()"8
wbxw a _`b ^u^w 0xwx^ ^ 0^^0b0 7 # (!&& + #
b 0^^b^0 ^0`_0b0 ^ 0^x^ u^_`a^b !4!*'&)!+!!)&!4&
w^b^b `b`u0^0^bxau^ _0ad
00
Page 154
1235678796356$79/:E3E2363797G79$23H9E593G79
98:83I
KLMNOLPQRSUVNOWPSXMXPSXPYZLP[RVLP\ H9E339E39$z:E7$56{G|356$}/59$79:3E
]^_`a^b c`d eefgijfdkelfjmndkjeojepekq
ljkjrrrjfefotu^bvwx^by
LZLRSUVRVLLYZLP[RVLP\ 3:E7$$$36G}/59$79:3E
b wv0^b_ bwawb^bb0u^0 ^x^^w000
0b 0uu`_^b]00xt ]y !"#% !#&
bvu^^b^x^^u^w0xwx^^' ( )" *
+ 0wv0wbxw_ bwawb^bb0u^0x0^_x^wb + "
^b x0^ xa^_^x 0b0^0 ,^-^ b0u^0 "
xa.^x^xb^wb 0b b ^u^0_ bwawb^bb0u^0d "6 (67
^^x^b ^ulk0 , afefl12aw_ b.^x^x 7 + 8
, ^a 3_4f1f xa0u0wb ^x^ ^w000 !"
0b 0uu`_^b]00xt ]y1^b -^0u0 # % !#&7 9
fg5^a0x`x^u^x`b`u0^0d +;
b wv0^b_ bwawb^bb0u^0x^wb^b 0b0 >
0b0<0^b,^ 0^w0x^0^ab^b0u^0 6
^x^^w000 ]^xa0^u,^ 0u^_`a^bw^b ^b !#
`b`u0^0^b ^b vwu^ xa_wu0^b ^a0wb0x
_ b ^0u ^ xa,wx 0xbxw^b b ^b ?6
_ a0xwb ^b b0u^0 _^^0 b wb^^b 6" ?
_ b ^x^b _ b^_^x^bd a0xwb ^b 0b0 >
auw^b_ ax0,^b ^b1^w01^b x0^0 @ 7
^b 0b0<0^bd=^b^v b u^w^b_ a0^x^b A ; B
b ^b _^^a ^b^v b wbxw , a0^b ? ?
`_0b0^x^_ a0xwb ^b b0u^0_^^0w,wb ^b
b ^b ^x^^w000 ]d !#
b wb ^_^b^b auC^bxa^0x b ^b^u ?
0b0xa.^w_^u^^x^x^bf^bkl^x^u^_`a^b "
w^b ^b`b`u0^0^bxau^_0ad
3 _`b^w0x' *
D^0 a`uw^xw_ ^^^b^x^_a` F 6
_ b wv0^b _ bwawb^b b0u^0 d D^0 ;
b C^uw^0u^_`a^b _^^a ^b^v b ^b F? B;
b0u^0 `_ xb01 ^_^,0u0x^1 ^b 76"7
`,vx0C0x^b^dD^0 u0,^x^b_^^a^w0x`a 6@?"F??; B
^u^ b C^uw^0u^^^b x``ù 0^b ?
^w0wx^^^b 0wb^^b^u^ u^w^b " )"
x0^0vwu^ xa_wu0^bdD^0 a0^ ?6 F )
^wa^x^b^x^x0^u^ _ b0u^0^b " ?
xa^w _a`0 ^aw ^d D^0 vw ^ F
u^w^b^b^u00b0x0C0x^^x^vwu^b0u^0 ?"" ?
_^^0 , a^^a^b _ aw,^^b -^v^a ^b 6 6" 6
wb 0b^x^^w0wx^^d )"
000
Page 155
2346789874$67/8:EF4F347488G8/34HF64G8
9E94J
KLMNOLPQRTUVNOWPTXMXPTXPYZLP[RVLP\ HF4$4F4/zEF8/67{G|4$67/~:6/8E4F
]_`ab_c dae ffghijgekflgjmnekjfojfpfkq
ljkjsssjgfgotu_cvwx_cy
LZLRTUVRVLLYZLP[RVLP\ 4EF8/ //47G~:6/8E4F
c wv0_c` cwbwc_cc0u_0 _x__w000
0c 0uua`_c]00xt ]ytu_cvwx_cy ! " #%&!"%'
( `ac_w0x)tu_cvwx_cy *
+_0 vw _ c 1_uw_0 ,ww`_c - . #
` c wc _`_c _x_` c wv0_c ` cwbwc_c c0u_0
`__ u_`ab_c w_c _c acau0_0_c #
xbu_`0be
WP0NOL1UZLUP 2/3478367 /86
4_c_v c 5 bx_c wc v_6_5 _x_0c7ab_0 9 ;
u_0ce sc7ab_0u_0cxb0b0_b00c7ab_0_c <
xb,_cxw _u_ ]_`ab_c 8_wc_c gfgl
t]_`ab_c 8_wc_cyu_0c u_`ab_c w_c _c &= '
acau0_0_c xbu_`0b _c u_`ab_c _w0xab #
0c ` c c_0e]_`ab_c8_wc_c0_b_`_c > =
__cxb0_5_ 0_0xu_x_c _uu_`ab_c ? ; . ;
_w0xab0c ` c c0c0e >
@`0c0_0_x_u_`ab_cw_c _cacau0_0_c < #
xbu_`0bx0_ c,_w`]_`ab_c8_wc_cA_c .
au_bc_0xwA_0x0_ c_x__c5 cxw B #B ? #
_0c_c _`_`wc _x_ ]_`ab_c 8_wc_c
xb5wxe
C w5wc _c c _c _w0x_0_x_ u_`ab_c #
w_c _c acau0_0_c xbu_`0bA x_c wc B
v_6_5 _0__u_ wcxw 5_,_ ]_`ab_c ;#
8_wc_c x0_ xb0_ _cA ; . ; B B
_u_ u__c__cc_A ` bx05_c _c #
_`__ ]_`ab_c 8_wc_c c _cwc #
x0_ac0xc0_c _xb0_u c _c u_`ab_c D ;
w_c _c acau0_0_c xbu_`0b _x_w B ; #
` ___c _c _0` bau u__ _w0xA
_x_w c _cwc _u__c` c_v0_c_xb0_ue
+ x0_ _0 5_,_ ]_`ab_c 8_wc_cAv0_ - B
_0 c0`wu_c 5_6_ xb_`_x w_xw B
_u__c` c_v0_c_xb0_u0_u_c_A_0
0_bw_c wcxw c awc0_0_c _u . D
xb5wx`__`0__c 5 bx_c wc v_6_5 ; ;
_x_x_x_uau__c u_w_cx0c__c _c
x`_x 5 b__b_c ` b_xwb_c ` bwc_c q
wc_c _c_c 5 bu_we
01
Page 156
1235678796356$79/:E3E2363797F79$23G9E593F79
98:83H
JKLMNKOPQRTUMNVORWLWORWOXYKOZQUKO[ G9E339E39$y:E7$56zF{356$|/59$79:3E~
\]^_`]a b_c ddefhiecjdkeilmcjidnidodjp
kijiqqqiedenst]auvw]ax
KOQO ZKK KOKZWWO RKO LTK KO {3F59F777$73F 5 98339$ 9E $25F3
WNUKOQO ZKK KUK UKUK WYMYK UWNKRKL /2683E 7$2 853699/3 56$23 /59F57E$3E
YKLMNKO WQKOKO MO MYTRKTKO 799/7F$$339$F
]a]ua`w]avau]]]w]^avva]a %&&'()))*+,-&&&
]a ^a]u ]a ]u]` t]^_`]a v]a]a ,& )& , - )+& ,&&+
_a_t ] ]a w`vwv] a]a w]a ]` )&()&&.-)&0&&+
l vaw]a v]a]a qa _a ]! ]a ]w] ' 1&&)2 & , )- &+
^aa ]t ]a aw`a]t]a ]a]^^`tv_t" +&)(&&'(())))&3
]a]ua vawv va a ]a ^avva]a &*+- && ,)+& ,&&+
t]^_`]a v]a]a _a_t ] ]a]a] ]` )&() -& & , ,( (&&+
]t]"]a ^a]u ]a ]w` ]t! ] ]a ())&(2.--,&
] ]a_t" #v`]a]a]v^va ]t]"]ac
4]t] ^avva]a t]^_`]a v]a]a &'-)+&,&&+)&()2
_a_t ] ]a! ]a]ua `w]ava u]] (&&'( ) ))*+ , &))))' -
vawv a t] ]^v]a 5`v^ ]t] 78)&*+3 &)& '' 2
^`w]"]a ]a t]ava]a v]"]a]! )+)'2&)&+&*+2(&)+&''
ava ]^ ]a!v] a]a _a a]!"]tp 2& )' - '' *&)),
"]t]a` ] w]a a]a t]ava]av]"]! &'2+))(&&'(-)
]aava] ]a] ] vaw]a t]ava]a +9&-7&))&)-&)
v]"]! #v]t ]a]ua t awa vawv &+)&+&;*)
t v ] 5`v^]w]va"aw ]a_^`] ]w]v
w ] t ]tw`a]w 6 ]a `]t w t] a
t] ]a] ]aa]c
< "] ]a`w]avau]]]w]w]w] t_t] =-)-&'.-';&&))*+,
`w]ava u]] vawv a]] ^`_ ;)'-78),&&+'))
^t]^_`]a v]a]a5`v^c
KOQO ZKK KQRTUMN UWNKRKL KQRTUKUK y:E7$56zF63F59F777$73F 56$23:E7$5$23
YKLMNKO WQKOKO MO MYTRKTKO /59F57E$3E799/7F$$339$F
>vuv]a ] ] ]t]"vawv `_t" ] a]a ?*@;)&*&&)&*+&))&
] ] waw]a ]^] ]" t]^_`]a v]a]a &* .-- - )+& ,&&+
_a_t ] ]a #]`] tv`v"]a ] ]` )&()&A&)&.-+&,,((&&+
]t]"]a ^a]u ]a ]w` ]t! ] ]a ())&(2.--,&2&
] ]a_t" #v`]a]a]v^va ]t]"]a! )) & &8) -&
]a vawv a` w ]a t]^_`]a ]v w_` +) &)&*+&))&)&
a ^a a ]a a#] v^ _^ a ] c -'-+;+,&))&2*)&'&&-&
] a]a ] ] `v^] ]a v]wv w a ]w &&&&.-1&&)
] a]aw a !a]vav ]a`v^] ]av]wv ')&*+)-*3-BC.++&+.&3)
u] a]a ]"] ]v w ]a t] ]a] ]a &(&&+())&(.-D))
` ]]` ]a w]a ]`lv w]a ww]^ ]a_t"
ql<q] ]at]tva w ]t]"]a^a]u ]a
]w` ]t w ]"]tw`vw] ]c
0
Page 157
2346789874$67/8:CD4D347488E8/34FD64E8
9C94H
IJKLMJNOPRSTLMUNRVKVNRVNWXJNYPTJNZ FD4$4D4/xCD8/67yEz4$67/|:6/8C4D}
[]^_`]a b_c ddefghecidjehklcihdmhdndio ~
jhihqqqhedemrs]atuv]aw
JNPN YJJ JPRSTLM TVMJRJK JPRSTJTJ xCD8/67yE74E$6E888/84E 67/34CD8/6 /34
XJKLMJN VPJNJN LN LXSRJSJNWXJNYPTJNZ :6E68D/4D 8:8E//44/E|:6/8C4D}
]s]]a ^a]t1]a ]^]v 1]]a _s ! "! "
u`]a]a ]u^ua ]s]]a ]a 1]a]^ ! #"%& ##'(
]v`1]st1] ]1 ]`] 1a101u]s]u^ua ))) %('# *#'*+
]`]v ]^]v1^v]1]a]`] ]t]`]]a "#(! " ,
a]`u1^uvu]a _a_1]a 1]1s ( * " ( # " #
_s ^aua] `]]`]a s]^_`]a u]a]a !
_a_s1]1]av`uvc
-]]1]1]a ]`1u]vu ]u1v `]]`]a " 2(3
-v]a]`ku1v]a 1vv]^]a _s qk.q ]1 ) *# ( *' ( 45%2 +
a`]^]a ^`v1]a]a ^`_01_a]s ]a " #6)! ! " #
^`v]]a]a^v11^`_01_a]ss]] , !()(( 7 # 8
]u1vc]1tu]1
9 ;a1av101]1]aa1s]1`11_]s]]a 9 "' ( , " ! #
^a]t1]a]v`1]s]s] s]^_`]au]a]a ! ! "( # " #
_a_s1]1]a ]1 ]a 1]]a _s ! %2(( " %
u`]a]a ]u^ua ]s]]a a]1a ) "!
]a s]]a]]a ^`_u` ]u1v ]a & ( , % *
`^_a10 v`]]^ `11_ v`uv `v] &( ""
`_suv1]u1v]auu^]av^]v & * "=( ,"
uavu a1]]a ]1]1_^1a1]1c ) ! #! ! #)
<11_ v1]v`v1a] u]vu ]s]]a "!" ()(( " #)"!
^a]t1]a ]v`1]s]a 1]]a _s % "! '&#&## %")'%
u`]a]as1v1a1]`1]a1]]a #! %! %
_s ]s]]a ]`a] u`]a]a ]^]v &" ##
s1]v]a_su1 ^]su]a ^a1s]a]a
]`] a]t] ^`a]v]]a ]s] ]v]u
^a]]1]a]v]^aa]s1]a1av`a]sc
9 ;`_s u]vu ^]]]a vav]a 9 ?* ) " ##
^aa]s1]a1av`a]s]a`s0]aa]a #&( )
]u1vuavua]1a^`_u`]u1v]a ( (
v^]vu]1a]a_a11a] vv]^1u]a ! %*"( "
uavu vutu]a a]v]]a _^1a1 ]v] + ) (""& "
0v101v]]a^aa]s1]a1av`a]s>`u^c (@A ##
9 ;a0]su]1v^]v]a1t]]a]uav]a1 9 B&# ( " )
]a 1ua]]a `v] ]t]`]a v1]1 # ( *# "
]uav]a1]a ^aua]^]a v`]1v]a ) ! # #
1u]v_s]a]tac ! *'! )!
01
Page 158
23456787964#56.799BC4C3464797D79.34E9C594D79
98B84G
HIJKLIMNOQRSKLTMQUJUMQUMVWIMXOSIMY E9C4#49C49.xBC7.56yDz4#56.|959.79B4C}
Z\]^_\` a^b ccdfghdbicjdhklbihcmhcncio ~
jhihqqqhdcdmrs\`tuv\`w
IMOM XII IOQRSKL SULIQIJ IOQRSISI xBC7.56yD64D#59D777.74D 56.34BC7.5 .34
WIJKLIM UOIMIM KM KWRQIRIMVWIMXOSIMY 959D57C.4C 79997D..449.D|959.79B4C}
\\1\1\` \_1u\vu \u1v _\\_\` ! "$%
v\`\_ku1v\` 1vv\]\` ^s qkq\1 & '( $ ') $ *+," -
`_\]\` ]_v1\`\` ]_^ 1^`\s \` ! (/&0 0 ! (
]_v\\`\`]v11]_^ 1^`\ss\\ 1 0 $&$ $ 2 ( 3
\u1vb \1tu\ rs\`tuv\`w
4 5`1]us\`v]\v\`]`u`\\`\1 4 *( $ !
\u`v\`1 s\`u`\` u\\ ^s 0 &08 !$&&'
\`\t` \`_\\_\` uv1\u1v ! & ,' $ :
\` 1]_^s \]\\ v_\]\v u\vu ', "$$ 0 ( )
v1\]\v1\`\v_1\s\`v_\1v`\` - (: $ 0 )
]_1v16\ \v\u ^`11 \` \]\v &!'$;8 '()
`\\` _\u\` 1`1 1\` \v\ &&!"(
\]u\` 7_u] u`vu ]_v\\`\` $ 0 () - ,"
s\`u`\` u\\`\b v1\ \1 <"
`1]us\` \6\ v_\]\v u\vu = $( (
v1\]\v1\` \v_1\s \11\_u\` $ ( ! ( 0 ,!
u`vu `\_1 ]_\v1\` \s\ s\]^_\` $ ( < ,0!)
\u1v^_1̀]``\1]`u`\]\` >( ' $
v_\1v \s\ s\]^_\` u\`\` : ' $ !
^`^s1\1\` \v\u t1\ ]`u`\]\` = ?":,!
v_uvv1\\\1^1 1\1^]1̀1 : 0 ) $;
\1b 1]us\` \11\\_\` ]\\ &&
uv1\u1v\` 1]_^s 1̀\ v\`\s
s\]^_\`\u1v^_1̀]``\1b a\u`
]_1v16\ \v\u ^`11\\ ]\` \]\v
`\\` 7_u] v1\ \]\v
]_v\\`\`s\`u`\`u\\`\b
4 5`0\su\1]`\t1\`v_uvu_\` 11 4 A:( $:(( , ,
s\]^_\` u\`\` ^`^s1\1\` @\_\ ! $ ( ! (
su_u\`v_\u ]`u`\]\``\ 0 ,(& $ ( ,
\`\]\\s\]^_\`u\`\`^`^s1\1\` "$$$ (! ( 0
`@_1̀\`v_\`\1\`]_1v16\\` $ ()&
`\\_1̀\ `\` u\vu @\_\ \` : 0 $ $: !
`@\]\1]`\t1\`6\t\_b
011
Page 159
2346789874$67/8:?@4@347488A8/34B@64A8
9?94D
EFGHIFJKLNOPHIQJNRGRJNRJSTFJULPFJV B@4$4@4/t?@8/67uAv4$67/x:6/8?4@y
WYZ[\Y] ^[_ ``abcda_e`fadgh_ed`id`j`ek z{|}~ }
fdedmmmda`ainoY]pqrY]s }{
FJLJ UFF FLNOPHI PRIFNFG FLNOPFPF t?@8/67uA74A$6A888/84A 67/34?@8/6 /34
TFGHIFJ RLFJFJ HJ HTONFOFJSTFJULPFJV :6A68@/4@ 8:8A//44/Ax:6/8?4@y
YY1Y1Y] Y\1qYrq Yq1r \YY\Y] |!~}"!!!}~!{#%&!!~ }
rY]Y\gq1rY] 1rrYZY] [o mgmY 1 ' {!()%{ (* %{ +,-#{ {.{~{
]\YZY] Z\r1 Y]Y] Z\[ 1[]Yo Y] |~}"{ }!)0'1{!1!!|~}"{ }!)
Z\rYY]Y]Zr11 Z\[ 1[]YooY Y 2{|1 %~}'%} %{ ! 3{ !)}4
Yq1r_ Y 1pqY noY]pqrY]s }{
5 6 \[oqr1Yq1rY]7qqZY]rZYr 5 ;(! ""{!||~}|~!{!{<{{
r\Y1r 1] [\ Y1 qY]Y] ]r1rY YrYq ~{'!~' %{ "!!)"}~1!} }"%{
Yr101rY 1]1 YoY 8\qZ q]rq {{ }~({ !<{ #%%{=~}|
]YrYY] [Z1]1YrY oYZ[\Y] qY]Y] } {.|~{ ! }|} } %{ }})!{
[][o1Y1Y]_ Y 1\rY]q]pY9YYrY "!!)!{1{3{!~{~{|}(){"}~
Y\YY]qZ\011Y] ZoYY]YY] Yq1r %{~{}-|{~<}-!|{~"}~1!{}"
8\qZ_ Y 1 rrYZ \rY]q] pY9Y %{'~}|!3{~{1! }){)*~{|}(){
Z]q]YYrY[Z1]1Yq1rY 1_ "}~}~!}|}
Y 1 ][ q]1Y1Y] ZYY Z1Y Y] 3{ }11!{ #% %}{ %!~'{ #%
\rY]q] pY9Y YrYrYrY o[oY ]]Y1 '}<{~!{~{'!~'-!1}'}%{~1!{~-%{
Y]rY\Y oY1] \qY] o1]qZ Y] YYr Y] |)!{ }|{ ! 1' }" %{ ! !
1\]7Y]YY] YrY Yq1r \rY r qY] Yq1r '"!!"'-)'!* '"!
1]1 1Y]r\ Yqr1YZ 11]11]1 1Y] {"{{ {~!)}~})%!#{ {"*
YoY Z]]Yo1Y]1]r\]YoY]r\1]r1 1Y1 ~'}~!
[oY 1oY YYq1r_
Y 1pqY \1Y]qYrqZ\]YrYY]ZYY 3{!)}|~}<{%}{%!~'{#%'}<{~!{
Z1YY]\rY]q] pY9YYrYrYrYo[oY #% ! !{1{%!#{ %!<{ }1|){ #%
Y9Y Y 1roY Yrq1r]rqY] r1Y ~{){<! {%!) ~{>~{1{ ~{'!~'
Y] \o0Y] ]]Y1 1]Z]]1 Y] {|{{{-!}}11!{#%%{1 !))
][ q]1Y1Y]ZYYZ1Yr\qroq\q ~{)!}%| ! }%{~ 1!{~ %! 1!*
qq]Y]\rYYokYooY1]Y]1Y]YZ7Y\Y ~{!}!()* ({ %}'% } ({!~ } }~
9YpY\\Z]Y\qr\YYZ1]Z]]1Y 1 {|{{{- ! #%{~{ !||)!(){- ~{)!{
Y]p1Y\o0Y]Z]Y Y]Y]r\Y1r_ !"{'!~
0111
Page 160
Page 161
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268[8$482698987P972b
±²³́µ¶¶¶µ ²
´µ³² ³µ³ ³
¶´¶³µ ²µ² ² ´²¶
³́ ´ ³±¶³²³¶´
µ
¡£¤£¥¦§¨©¨ª£«¬ !"# "%%"# & "'(
®¨££¯©¥£° #%¶)(*")')!+
,©©- - -
´) µ µ
²
, ´² ²
.ehreghnfelemeh 0122120123 45y636y785 46y706y7~8 99198$912;P6<928/
=g>nhfehq?egpmejngrnm 6122120 5y~~2y257 738y~20 @145/A/25E68<2/E28/
Bqofegp 22120123 C4P8/5226<9D2
Fheve 8 059$2
BqvemmnfqpeGgnfk 8y543y56H 8y5H6y626 0165$z95/62A82/
Bqvemtnlniehq 2~ ~y~6Hy8~8 ~y036yHH~ I29/2$z95/62
Jomegoheve K48A/59$2
Bqvemmnfqpe 454y538 2H~y734 0165$z95/62
Bqvemtnlniehq 2~ 0~4y865 0~5y20~ I29/2$z95/62
BnlhnrqeegGgnfk 3 ~6y4~2y073 ~8y6~3y232 [8<28/4562A82/
Lhnftqkikpqh ~H 380y0~8 387y820 M64476992/
Fegpsomereg?esqgeg 5 ~y~55y5H5 78HyH45 C$<98298$$2z46/
Be?emrqteuelrqsome ~5 087y470 664y74H N52z96$/9O2
Jqeuerqteuelrqsomeregehnf N52z96$2Oz28298$
iegxelieqggue ~H4y046 ~62y5~0 4/125P5528/92/
Q©©® RS STUT VWSXTRSRRX ²)'% &#) )
, ´¶´Y ´² ²
Zepqvegje?emjngpvehqieg ~5 ~3~y8H~ ~24y864 996E:45/9O52:P8$
241221
BqofegpjiehseGgnfk 20126 7H6y558 723y524 N9E95226<9D2A82/
Lhnfje?emfegppovegGgnfk ~5 365y~3H 873y32H \2:2552$/9O92/A82/
=g>nhfehq?egpmejeg?egp 7120128 ~Hy~~8y84H ~4y7H8y666 ]487A/25E68<2/E28/
LhnfvempogeGgnfk ~~ 753y640 ~yH00y430 I671/4:P292/A82/
LhnffnfejGgnfk ~412~ 03y476yH74 03y0~Hy645 ^6O2$92/A82/
Blkjnlfqqg>nhfehq 04y~55 04y~55 [8<2/E28/z54z25/{
JqeuerqfegppovmegGgnfk 563y8~5 535y65~ \2:2552$19572A82/
_44$}6 ~2 68y264yH58 68y265y~7H _44$}6
Lhnffemtnl`o?orGgnfk ~2 ~y008yH35 ~y674y644 [8/9876D292/A82/
Jqeuerqteuelrqsome?egpme ]487A/25E
jeg?egp ~2y003 7y~87 z52z9{E28/
~H1~01
Lhnffqremiegxelieqggue 2~124120 0y627y56H 2y608y0~~ a/125848AP5528/92/
Q©©£¦¥® SWXRSR VSVVRSR ²)'%´#Y&#) )
28 XRSVXTSUVT X SWS ²¶² ²
defefegefehiejklegmnoegpegmkghkiqrehqegfnliesjql 01294Ez98{68784/2/4/124846$9/2$:689869
snlojemegtepqeguegpfqremfnljqhevmegrelqiejkleg /9/2E28/:45E9868/2759z95/4:/1224846$9/2$
mnoegpegmkghkiqrehqeghnxelemnhniolovegy :689869/9/2E28//9|2899}142b
~
Page 162
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268[8$482698987P972^
¡£FGFF¢¦¥¢¤¢H¥H¦I¡ ¥ R¬©9S99®°T®®UªTU°¬«T
£¤£¡¡¢£¥£J ª©¬®®°«®©©ª©®
FI£F¢¢¥¤¦££ 9®9§©ª¬®¬ª¬U¬9S
¥F£¢F¢£K)|=<}|L S©ª©ª§R9®©¬©9V7876BW
¡|++|) ª X
K*|=*,|-|)|²<}||I<>*|MN VYZ B87U85587 X6Z84\
¥O<|)**Q|}|,||*L °75 9\]8®4BW
{|}|}|
¡¢£¤¥¦¡¢ §©ª«©§©¬©®ª¯°©¬±
¡¢ §©ª«©§©¬©®
¡¢²£¥¤£¤¥ °¬§©ª«©§©¬©®
baclpaciacliafjcnji tjhkiac 145//25E98x498425$59:/
nackbacl/5P/5226v/ uzu uz u 98$/5P/5226v/v9w92
baclkdara 059$2v9w92
mraiijbmla uzu uz u 0165$v95/62
mraipjhjeadm u uz 29/2$v95/62
bacleamc eamc mraiijbmla u u uu /125v9w920165$v95/62
jpacaihkae u u u uz 5P2$2!v282
"mapmembadmopaeacijhaaclia 145//25E2Ev4w22282:6/
fjcnji u u u u 6966/w
baclfaai zu u uuz 09!2v9w92
"mapmembaddj#a u u %2926966/62
baclacliafacaclqaclabkr &P5528/E9/P56/624:
bjofgnaeao#aibkdabkbarkc 487/25E$2/
baclpaci zuz u uzu '98x498
¡(}|)*|*)*}|²|+,|-, .01.21 .32.01 ¬4567§848588
¡¢²£¥£²£ 9;°¬§©ª«©§©¬©®
baclacliafacacl djbjear
nmikhaclmpalmacqaclabkrbjofg %487/25E$2/82/4:
naeao#aibkdabkbarkc P5528/E9/P56/62
baclpaci u u uz uz '98x498
baclgpemladm zuz uz zuu '48$v9w92
"amccqa u u /125
¡(}|)<}|+=|+,|>|=|+ 1?.0.1@0 10.@.3 ¬4557A;B
"mapmembaddj#a u u z %2926966/62
"mapmembadfaaibacllkrac cjbg uu u C2:2552$/9!6966/6282/
baclijfanafmrai fmraipjhjeadm u u CP2/4529/2$v95/62
"mapmembadmopaeacijhaiahqa#ac z u u uzuzz %6966/62:452Ev4w22282:6/
"mapmembadjdbmoadmabadpmaqa D/6E9/2$6966/62:45
fjopgcliahacadjbbjbaf z u u 92/$6E98/6874/
¡(}|)*|*)*}|²|+,||=|+ 2.@.2? 2?.@1. ¬457;67§848588
¡F¡ ¡¢ @?..?? @?.@.? ¬9¬ª§§©ª«©§©¬©®
`ababacabadeafghacijkaclacigcdgemnadmacbjheaofmh 01294Ev98w68784/2/4/124846$9/2$:689869
ojhkfaiacpalmacqaclbmnaibjhfmdariacnahmeafghac /9/2E28/:45E9868/2759v95/4:/1224846$9/2$
ijkaclacigcdgemnadmacdjtahaijdjekhkracu :689869/9/2E28//9x2899y142^
z
Page 163
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268[8$482698987P972f
D³°µ_`__´¸·´¶´a±·a¸b³²· XÁ¾£j£ÃkÃÂÃl¿klmÁÀk
±µ¶µ³°³±´±µ±·µc± ¿£¾ÁÃÃÀþ£¾¿m¾ÂÃ
®±D_b±µD_´°́°·¶¸±µd±µ ý¾£¿Á£ÃÁ¿ÁÂlÂÁj
·_µ´_®°±´°±µ¹Fe>¼ j¾¿¾¿½XþÁ¾¤YOYNU
³AAF ¡¢¡ ¿V£¤¦§¨©ª«¬¬©
¹?e?=CF»>b>B?gh Âno¨UOYlOSSOYVmNoORW«
·i>F??@=®?¼ YSW¨pOÃRU
¡¢¡ ¡¢¡¡
£¤¦§¨©ª«¬¬© £¤¦§¨©ª«¬¬¬
®°±²°®°³±´±µ¶·¸°³±´ ½¾¿À¾½¾Á¾Âÿ£ÂľÁ
¹®±µ»¸³±µ¼ Á¾Â£
¶·¸°³±´ ÂľÁ
yswvss uwsuyusw x 96/9/4
su~{sx|u}x|zvss :P9E4P8/959P2251952
yswsvsz P/1456 2$
vss 1952
yswt|xst{susuv|tyz [P2$98$:P96$
x|u} !"#%vss " ! ! & '& ()* +1952
,sssuyswv|tyz "" " " " " $$6/648996$6896/9
-sssu~|w}t|z|swvsvsz 085296 2$796848
sv|t{|}su~su "%!!" "#"!. :68986992/
1|wvstsvx|z}ssu|{}tsv 46::25282:54E1987268
2uttsv3us{susxs{ 25P6/4:6P76$6956298$2::2/
tzsuvs{v|u~su{|x|utu~su 4:/5989/6486/184848/54687
uyux|u~|usw !."#. %." 68/252/
1|wv{}zvstsvx|u8sszsuwsxyzsu 9;19872$6::2528248/5989/648
{|}su~su %!! . 4::689869/9/2E28/
1swywss 2/9682$2958687
rssu~su}} " % 54569/2$:4572825952252
<|w}t|ut}{sux|u~~}ussuus ! ". ! # # 08954569/2$
¶=>?@AB??>?= ÂMNOQ¿¨O§NR§SÂMNOQ
=BCD?F?=¶?°C>= GHIHI¢ GIJKIJL TSU¨VWXR¨YÂYOQ
·B?AµZBACF? "! KI¡\IJ\J HI\\HI¡¢¡ Y]¤Y¨SSOY^¾Y¨
³_³±®¶·¸°³±´ ¢¢IKLKIJH HIL¡I¢J ÁÁ¿½ÂľÁ
³_³±®®°±²°®°³±´±µ ÁÁ¿½½¾¿À¾½¾Á¾Âÿ£
¶·¸°³±´ JLIGJ\IHG\ J¢IKI¢¢ ÂľÁ
rststsustsvwsxyzsu{|}su~su{yuvywsvsut|zwsxz 01294E9868784/2/4/124846$9/2$:689869
|z}xs{sus~susu~ts{t|zxvs{suszwsxyzsu /9/2E28/:45E9868/275995/4:/1224846$9/2$
{|}su~su{yuvywsvsuv|szs{|v|w}z}su :689869/9/2E28//92899142f
Page 164
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268[8$482698987P972f
¼½¾¿ÀÀ ½
¿À¾½ ¾À¾ ¾
¿¾À ½ À½ ½ ¿½¼ ¾½
¿À½ ¼ ¿¾ ¾¿
¢£¤ ¥£¦§¨£¢¤©¨ª£«££¦¦£
®¯§°§±²§¨³´³® À !"#%#
µ©°£¶©¢£«££±¸ ££ ª©£¤¹ &'()) * *++*), -(*"
§º £©©¥££¢££©» +)).*) 0
£¤ ¥£¦§¨£¢¤©¨ª£«£
£¦¦£®¯§°§±²§¨2
1£££2 À !"
¿) ³´³® ³´³³
345675635
¸ 64 ¯¯¯89´®8;¯¯ ¯¯´8<®´8³9³ ¿ ½
7353=5
¸ 67563 9>8;>®8̄?³ 9;8<><8>@® ½AÀÀ
®;8́>´8?;@ ®®8@9¯8;9@ A ¼ ¾½
7353D5
Bx~oqtxqCyosoq|oq|{rpv{~yr{ 67 F773=6G=HI F7H4H6DI J268798$$6/56KP/6482L282
7353D5 N2825998$9$E686/59/6O2
Bx~oqy}y}|oqo|}{q{rpvor{ 67 FMHG=D3MI F4D6MI 2L282
Qo~oFvyz{I|ov{q{so{RoCov N968S4T:54E:965O9P24:
orxp~{usuz{r 73D=6 F764773I K64476992/
Uxqzor{soqutxvor{so{q 3D567563 7H3G4G 3HGDH7 V/1254259/687684E2
Bx~oqutxvor{so{q 3D567 F7HM=MGDI FGM7=4GI V/1254259/6872L282
64 ¯@8;;®8>@< ¯@8;@®8̄¯´ ¾¿ ¼ ½¾¿
Uxqzor{soqwxyoqzoq 3G564 7G4MHG MG436 W68982684E2
Bx~oqwxyoqzoq 6H564 F6M343MI F=GGDDGHI W689822L282
UoCowX{qosoportxqzor{soq~yqzo 64 F7=66HI FGD=HI W689/9L4868/252/684E2
Boz{oqoporso~oFvyz{Iqxpuxqp{por J19526882/7968S42T4:
orur{or{|oqYxqpyvo~xvro}o 9469/298$Z468/O28/P52
|oqso{qqo G564 F3676M6I 7367D7 98$4/125
¸ ¾¿ ¾¿ ½ \
7D564 ¯>8;¯>8®<? ¯³8®¯<89;> \¼ ¿
Bx~oqtoCowtxqzor{soq 7D564 F7374M7I F67347G4I [84E2/9L2L282
¸ 64 ¯¯8?@®89®® @8̄@³8>;@ ¾¿ ½
()*_*
§¦¤£°©£µ¨¦©»¢]±ª¨§¤§°©^£© &+)))0
Uuroqzp{|owowoq|{vxwsor{X{wor{wx [/2E/19/684/K25296:62$/4
so~ovyz{rxpxsotoCow` 54:6/454a82/4:/9Lb
Qo~oFvyz{Itxqzywyvoqwx}~os{opor c2dE29P52E28/7968S4T
s{o~{s{por{}~osoqwxvCowovoRoq 3H F4736GI 664 4:2E422eK282:6/69K66/62
Boz{oqso~oFvyz{Iwu}tvxxqr{Xso{q J19524:4/1254E521286O2
|ov{xqp{pororur{or{|oqYxqpyvo 7968S42T4:9469/298$
~xvro}o g F7M3M4I Z468/O28/P52
Uuroqz|otop|{vxwsor{X{wor{wxso~o [/2E/19/E9 K25296:62$/4
vyz{` 54:6/454b
Qo~oFvyz{Ioqz~xsy}pxvxos{ror{|ov{ h85296i2$7968S42T48
orxpwxyoqzoq F77HH7=I 7G=6D :68986992/
jxs{r{wyvroportxqCo~ovoqsotuvoq kL19872$6::2528248
wxyoqzoq F44DG7GI M4DM /5989/6484::689869/9/2E28/
Boz{oqtxqzor{soqwu}tvxxqr{Xso{q J19524:4/1254E521286O2
|ov{xqp{pororur{or{|oqYxqpyvo 684E24:9469/298$Z468/
~xvro}o 7M64=7 M=M644 O28/P52
§¦¤£°©£µ¨¦©»¢]±ª¨§¤§°©^£© ()*_*
£¤ ²§¨¶££ µ;<;8>´?» ¯8;;´8>?9 &+)))0,l
½½ ¼ ¿¾
¸ ¯´8<´98³³@ ¯´8<>®8̄¯; ¾¿ ½
nopopoqoporsotuvoqwxyoqzoqwuqrus{|or{oqpxvso}t{v 01294E9868784/2/4/124846$9/2$:689869
}xvytowoq~oz{oqoqzp{|owpxvt{rowoq|ov{sotuvoq /9/2E28/:45E9868/275995/4:/1224846$9/2$
wxyoqzoqwuqrus{|or{oqrxovowxrxsyvyoq :689869/9/2E28//92899142f
Page 165
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268T8$482698987P972U
rsuvwxyxxwz{|z}z~|~{s| ¥¦§¨©© ¦
wv}vsuszv|v ¨©§¦ §©§ §
rxv{ uwvr}v zuv ¨§© ¦ ©¦ ¦ ¨¦¥ §¦
|x~r}}vzuyuv ¨©¦ ¥ ¨§
|xvzxuwzuv §¨
{ss !
w¡ ©"# %&'()(%
w¢£ *+ ,, --,. +! '
|¤w -,, 0,!
s
sw2
12 ! ©"# %&'
¨, ¡ ¡
§". 4!
3 ! #!#-5
6afd\d̀aZYdYX[dZeb` 7l89;l<8= >l?q=l<=9 @AP6/n14$254:/12m9528/28/6/n
Ba]aZYdZcXZZ^Z]aZcaZeX\d ?l?9>l;89 Cl7??l9;q D48F48/5468768/252/
sG HIJHK JHJHLMJ sG
sGGN
¦!-"+ ,O".
3 4! ! #!#-5
6afd\d̀aZYdYX[dZeb` ;lqC;l9C= ;l;8<lq?q @AP6/n14$254:/12m9528/28/6/n
Ba]aZYdZcXZZ^Z]aZcaZeX\d ?lC;=l7<< ?l89Clq78 D48F48/5468768/252/
sG ¡HQ¡KHJ ¡HQLHM ¦!-
r}z~wzv § ¨§¨R¥
wrswusu{zu|v|}rw ¦¦ §¦ ¦ S§¦
r}~uu|}vsuszuvw{| © ¦ ¥ ¨¦ ¨¦§¦
Cq JQ KI .--!"
WXYXYXZXYX[\X]^_XZ`abXZcXZ`^Z[^\deX[dXZYa_\Xf]d_ 01294Em98n68784/2/4/124846$9/2$:689869
fa_b]X`XZgXcdXZhXZcYdeX`Ya_]d[Xi`XZeX_d\X]^_XZ /9/2E28/:45E9868/2759m95/4:/1224846$9/2$
`abXZcXZ`^Z[^\deX[dXZ[akX_X`a[a\b_biXZl :689869/9/2E28//9o2899p142U
q
Page 166
01245676894846$9/2$:689869/9/2E28/68P$2$12526895268[8$482698987P972f
»¼½¾¿ÀÀÀ¿ ¼ ¾¿½¼ ½¿½ ½
À¾À½¿ ¼¿¼ ¼ ¾¼À ¾½¾½¼
¢£¤¢¥¦§¢ £¨§©¢ª¢¢¥¥¢«®¦¯¦°±¦§²³² ¿ !"#%#
´¨¯¢µ̈ ¢ª¢«¢°¶¢¢©¢̈£¸¦¹¢«¨¨¤¢¢ ¢¢¨º &'()) * *++*), -(*"+))À.*) 0
¨¢¯¤¢¥¢©¢¨¢§±̈¯¨¢ ¦©¢ª¢¦°¨«¨ ¨¢¯ª 12-*3 * - +2-*3+ ),»*3
¦«¨¯£̈¢¢¯
¦§±¢£¢ ¨¢¯
¨¢¯¢ ª¢
¢°©¢ §¯¢ ¯¨
ª¦¥¢ ¦«¨¯£̈§¯
¦©¦¨¥¢ ¢¢¯
5©¦¥¦ª¢«1̈ ¦µ¢±¢§¢
5ª¢« ¢±¢¤¢¥ ¿*,, , ¢©5§¢
¨¦°©¢¢ ¢°±¢£¢ ¦«° 8)*2-*3 ¦¢¥¢1 ¢«ª5¢±¢1* *8)
ª¢¨¯¦5§ 5ª¢« ¦§¦¢«¨¯¢¯¨ª¢§¨ ,- )* **) ' 8
¦£1 ¨¯¦5§1 ¯¦¦¢¥¢1 ,, ), ¿*,, ) 4¢ª¢¥¢ ¦©¦¨¥¢
½))- **+ +*7 ¼) *).* ¼)+*, °°1 ¦«°¨¦ ¢ 5©¦¥¦ª¢«¨;
4¢¢¢1 -++3»* »* 6* *) ¾6 ++*8 * *+ (((* , ¦¥¥¢¢¤¢1 ¾6 ++*8 5¢« ¨¢¯1
¾) (*+ (*+ * *+ ))) ½)) ) + )< (((* ±95¢« ½)) ¼+2-*3
¢«ª5®¦¹¦°±¦§²³²® =>=?³@ ²=?>² ²?@A?²B³ >?³³@?²C² >@A?A=² ®²B?³³³ >?³³®?@³C @=?BB?C>B =?@B³?=@ =C?A=C?B³A + "¿ !"#%#!
Do~ooqz~xsy}pxvxos{ror{|ov{orxp
wxyoqzoq F F GHGGIJ KIJHJ F F F GJKLJ GGHM GLNHIJ O85296Q2$796848:68986992/
Rxs{r{wyvroportxqSo~ovoqsotuvoq UV19872$6::2528248/5989/6484:
wxyoqzoq F F F F KTTJ F F KTTJ JHKL KJIIK :689869/9/2E28/
Wwy{r{r{|ov{wxtxqp{qzoqquqtxqzxq|os{ G F F F HJKJK F F F HJKJK XKHJMNY XGKMIMY Z\P66/648:54E848]48/5468768/252/
Do~otxqzywyvoqwx}~os{opors{o~{s{por _2]E29P52E28/79684:2E422`
{}~osoqwxvSowovo^oq MT F F F F F F MKHMT MKHMT JGTMI HHIII a282:6/69a66/62
b{c{|xqwor MHdMI F F F F F F XMIITLKLY XMIITLKLY XGNTHJY XIMTGHIKY e91$6g6$28$
hxqo|oqzoqros|uso~orx~ozo{o|oqzoq
y}y} MH F F F F F KTTT XKTTTY F F F Z54569/648:457282595225g2
ioz{oqso~owu}tvxxqr{jso{q|ov{xqp{por k19524:4/1254E521286g279684:9469/2
orur{or{|oqcxqpyvo~xvro}o F F F MNMLTN NJJIM F F HKGNIL MTJHG KTGGT 98$l468/g28/P52
Do~opoyq~xvSosoq F F F 9 F F HKLTLI HKLTLI MJHHINK LGLMKL [84E2:45/12 295
¢«ª5®¦¯¦°±¦§²³²² =>=?³@ ²=?>² ²?C²@?A= >?>³?BA² ®?==?A®³ ®³?³³³ @®?®C=?®C® B?=@?=C A?>>A?²³² A?C²?³= + "¿ !"#%##
Do~ooqz~xsy}pxvxos{ror{|ov{orxp
wxyoqzoq F F XJITKY XMMLGIY F F F XGTLNTY XHTINY XGGTTGNY O85296Q2$796848:68986992/
Rxs{r{wyvroportxqSo~ovoqsotuvoq UV19872$6::2528248/5989/6484:
wxyoqzoq F F F F XKJIKLJY F F XKJIKLJY XJIHMGY XJLGLY :689869/9/2E28/
Wwy{r{r{|ov{wxtxqp{qzoqquqtxqzxq|os{ G F F F NJHGJ F F F NJHGJ XGTLHHIY XHGTGY Z\P66/648:54E848]48/5468768/252/
Do~otxqzywyvoqwx}~os{opors{o~{s{por _2]E29P52E28/79684:2E422`
{}~osoqwxvSowovo^oq MT F F F F F F XMIKMNY XMIKMNY XHNGMY XGMHLY a282:6/69a66/62
b{c{|xqwor MHdMI F F F F F F XMMKKNTY XMMKKNTY XGNNNLTY XHLHIHTY e91$6g6$28$
hxqo|oqzoqros|uso~orx~ozo{o|oqzoq
y}y} MH F F F F F KTTT XKTTTY F F F Z54569/648:457282595225g2
ioz{oqso~owu}tvxxqr{jso{q|ov{xqp{por k19524:4/1254E521286g279684:9469/2
orur{or{|oqcxqpyvo~xvro}o F F F NMNH MLMHM F F LKTK KNG GKHNG 98$l468/g28/P52
Do~opoyq~xvSosoq F F F F F F JGINTGL JGINTGL HHINGI GGILHNHH [84E2:45/12 295
¢«ª5®¦¯¦°±¦§²³² =>=?³@ ²=?>² ²?B@³?@² >?@A?²CA =?B@@ ®B?³³³ @>?³²A?³= BA?®A?³® @®?²>®?=>= ®³³?@C@?=A® + "¿ !"#%#
nopopoqoporsotuvoqwxyoqzoqwuqrus{|or{oqpxvso}t{v}xvytowoq~oz{oqoqzp{|owpxvt{rowoq|ov{ 01294E9868784/2/4/124846$9/2$:689869/9/2E28/:45E9868/275995/4:
sotuvoqwxyoqzoqwuqrus{|or{oqrxovowxrxsyvyoq /1224846$9/2$:689869/9/2E28//92899142f
Page 167
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268[8$482698987P972f
µ¶·¸¹º»ºº¹ ¶
¸¹·¶ ·¹· ·
º¸º ·¹ ¶¹¶ ¶¸¶º»
» º
¡¢¡ »¹ !"!
£¤ ¥¦¨ © ª« ¡¬¬¦ #%&''(())('* +&(
®¢©¢̄¤¥ª°£¢± )''º,('-
³¥¢¢¢´
¡¢¡£¤
¥¦¨ © ª« ¡0
.0 ¹
¸' ¬¬¦ ¬¬¬
1 » º» º
ºµ ¶·¸2 ¶·3·¶·
4slsqvxjjlrjmwjqvosnjluujl 556~578~568 557~99;~<5 =915226>2$:54EP/4E25
4sxyjzjqjlrjmrsojwjosxjmpr ?@9~76<~9<9A ?95~87~6;A =9196$/4P625
4sxyjzjqjltlktrysyjloqpwtrmv B9E28/:4554$P/64898$
wjlposqjmv ?67~967~979A ?67~79~<9;A 4259/6872C282
4sxyjzjqjlrsojwjrjqzjDjl ?57~F<;~F@<A ?;~886~5@A B9E28//42E422
Gjmzjluwvosqpns{wjqvposqjmv 6@~79@~88 5;~@6~8;8 =91728259/2$:54E4259/648
4slsqvxjjloslu{jmvnjlytluj 5~59F~69 976~<59 H226/4:68/252/684E2
4sxyjzjqjlojIjrJlskp ?8~F6@~<68A ?F~@~;8A B9E28/4:/9C2K82/
4sxyjzjqjlysyjlrstjlujl ?F~@5<~6<A ?F~58F~5;5A B9E28/4::689822C282
4slsqvxjjlnjvllzjJlskp 9~869 5<<~76F L/1255226/K82/
© M¢£ ¡M¥¤¡¢ ¸ 'µV( W
¢N¢©£ ¡©¢ ¨OQRSQS¬R ¨¦QS¬RQ¨TU º&(X (V(('
1 » º» º
1 ·¸3¶·¸2 ¶·3·¶·
4slsqvxjjlwjqvoslItjnjl B5422$:54E92
jmskkskjo 56 F97~6<8 8~8;5 4::6C2$92/
YrtvmvmvZlkvkjmYljrwjqvrsoslkvlujl \]P66/6484:9^P_6$695:54E
lplosluslwjnv ?F5~759A ?5@~686A 848K48/5468768/252/
4sljxyj{jljmskyvpnpuvm ?6<7~796A ?6F~F96A \$$6/648/4_64476992/
4sljxyj{jljmskkskjo`kjljxjl \$$6/648/4:6C2$92/a
osqrsytljlwjlosxyjzjqjltjlu 98/9/64898$9E28/4:
xtrjjmskkskjo ?F~9<~<76A ?F~85~9@5A 9$>982:45:6C2$92/
4slsqvxjjl?osljxyj{jlAvlbsmkjmv B5422$c9$$6/648d:54E
Ijlurjoslwsr ?~5F~6@@A 5~@76 145/K/25E68>2/E28/
4sljxyj{jltjluxtrjoslzsqkjjl \$$6/64899$>982:4568>2/E28/
wjlosljxyj{jloslzsqkjjlwv 98$9$$6/648968>2/E28/
bslktqjysqmjxj J ?5@~685A 68e468/>28/P52
© M¢ ¸ ''(·V'(X
¢N¢©N ©©¢ ®¨QggUQOU¨´ ®¦QOTTQU¦´ (V(('
ijkjkjljkjmnjopqjlrstjlujlrplmpnvwjmvjlksqnjxovqxsqtojrjl 01294E9868784/2/4/124846$9/2$:689869
yjuvjlzjlukvwjrksqovmj{rjlwjqvnjopqjlrstjlujlrplmpnvwjmvjl /9/2E28/:45E9868/275995/4:/1224846$9/2$
ms}jqjrsmsntqt{jl~ :689869/9/2E28//92899142f
Page 168
01245676894846$9/2$:689869/9/2E28/68P$2$125268
95268Z8$482698987P972[
xy{|}~~~}y ©ª«¬®¯®® ª
}||y{y|| ¬«ª «« «
x~| ®¬® « ªª ª¬ª®¯
~|~{}{| ¯ ®
y ¯
y} ¡¢£¤£ ! "#%&'&"
}¡¥§ () **++*, ) %
¨} +**® -*
y
y} ¡¢0
! "#%
.0
¬* £¤£ £¤££
}{y{1{y ¯ ®¯ ®
x|}|| ¯«¬ ¬ «¬2 ª«3«ª«
4g`gejl^^`k^ejh_^`im^`f5^`if^ ?5422$:54E
cg`kgf 67r89;r78< 68rww=r>99 145/@/25EA98u498
4g`gejl^^`k^ejh_^`im^`f5^`if^ ?5422$:54E
c^`5^`i Br;wwr9== 7r>8>r876 487@/25EA98u498
4glm^n^e^`bj^mjbj_^aagC^ << D6=>r987F D7=9rw7;F ?9tE28/4:29269A66/62
4glm^n^e^`kjGjkg`f^ag`_j_^a^`^f ?9tE28/4:91$6H6$28$At
fgc^k^fgcg`_j̀i^` PA6$69562/4848@48/54687
`d`cg`ig`k^bjk^`b^j̀`n^ D<r>88r89=F D<r8>=r6w>F 68/252/98$4/125
4glm^n^e^`kjGjkg`f^a DBrB;>r;8=F DBr77=r9;9F ?9tE28/4:91$6H6$28$
4glm^n^e^`h_^`im^`f5^`if^ ?9tE28/4:
c^`5^`i <9 D7rB99rB6BF D7r7w9r6>wF 487@/25EA98u498
4glm^n^e^`h_^`im^`f5^`if^ ?9tE28/4:
cg`kgf D66r866r>;<F D6>r7;7r;B<F 145/@/25EA98u498
?9tE28/:54EA48$
4glm^n^e^`h_^`idmbji^aj I DBr===r===F s9t9A2
4glm^n^e^`bj^mjbj_^a5^`if^cg`kgf ?9tE28/4:4/125
b^j̀`n^ I D9r66<r;;<F 145/@/25E69A66/t
|J} ¬ * *
K x LMNNOMNLQ LM£OMNN ¯ R S*
}x|y~xT| ¬ª¯¯ ª®¯ ¬2
|{{yy}| «¬W ¬2 ª®¬
y QLMNUV M¤U£M£NQ ¬ X«3 ¬ª
¬ª«¬
|{|x||||y~ «¬ ¬
}|y £MQ¤M¤V£ MV£M£¤ X«3 ¬ª
}|yx} ¬ X«3 ¬ª
YyT| 7 £VMOLVMOQ £OMLUNM£Q ª 2«¬¬«¬2®¯
}|yx} ¬ X«3 ¬ª
T{yT| 7 £NMVUVMOQN £VMOLVMOQ ª¬®¯
]^_^_^`^_^ab^cde^`fgh^`i^`fd`adbjk^aj^`_geb^lcjelgehc^f^` 01294Es98t68784/2/4/124846$9/2$:689869
m^ij^`n^`i_jk^f_gecja^of^`k^ejb^cde^`fgh^`i^`fd`adbjk^aj^` /9/2E28/:45E9868/2759s95/4:/1224846$9/2$
agq^e^fgagbheho^`r :689869/9/2E28//9u2899v142[
w
Page 169
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ½¾ÀÁÂÃÄÃÃÂÅÆÇÅÈÅÉËÇÉÆ̾ÍÇ
|| ËÁÂÀ¾ÅÅÆÍÅÀÂÀËÌÀÈÅ
|||q ÁþÈžþÎÈÏÃÁÅÃÐÀÂ˾ÈÂ
ÄÀÁËÁÏÀËО˾ÈÉÈÁ¾Å
| ¡¢¢ £¤¥¦§¦¨©¦«¬¬¤® ¡ ËÑÒÓÂÔÖÔ×ØÔÙÚÛÜÝÞÝÚß
¡¯°±| ²°¡³ ¡¢¦«±²´«¶ ® | ¡¢¢ £|¦«§¦©°¯ ÄÒÙÔÔßÙÔÈÔ
·´§ ¸±́ ¡® £¨¹°¯ ¡°¶´²º È ÙÔÑÑÔ É ÒÑÒÓÌ ßÜ
¦»° £́´¡³ ¯± ¡ ´¡¼ ÆÔÑÑÃÔÙÑÔÅßÔ
¥ Û ÈÁÈÌËÐ
q¦¡®´«´¡q¦«°§ ² ¡ ß ÈÑßØ Ñ×ÔÒÓÔÏÒ× ß
!"$"%&!' ()!*$("&+&&, R0 Z8#4944# SOT2 U9TDO5 0VT
- -(-!& -/$0 )1-! $"-& 0& &2&33&1 W.12X4DY98[\]92.9V612#68.12^2YOV6
4563 "2"47 $3&&'&&3&8&:& 49Z8#48269 48 _O7O.`ab`ccd O8#256.
2-!"'&;)$( &"&(!& 6!2& < 2&(-" =$: 4567689 89D2 R0 R98798f9[9 Z8.6TOOD9
>(-"2-&2 ; ?@?;< ?AAB?6!2& 0$ -(-& -- V92# 48 g4.9569h22# g4eiij 49k288[
-"&+!& 1$+ %$2$(->$+&!-'& /$0 )1-! l56.698.4bSeme012#22#492.9V61D28.]9
$"-& &1&' (&2 >$0 2"& 9YY54n2# V[ .12 U686.2549oO.62 49.12
< ? CA A4E?@?74?74?+F4 2&33&1 ^2YOV6 49Z8#48269 68 6. h26648 r2..25
4A G1-44; & -' '!& &1&' =$(-2& g4e Xi ic`sem0ed`ed`e01tc` #9.2#
<$3&(&/$0 )1-! $"-&< ?4A&')&+& oO[ `ib`cc`b98# ]9 YOV612# 68 .12
< ? H44 2&33&1 44 I$)(&(- 4A? SOYY2D28.g4eu``49S.9.2v9w2..2g4e`i
$()&+& 2$(&!+-( 633&(& J&"&( #9.2# x2V5O95[``b `ccie 012 9.2.
$("&+&&"$+ ) 3& $3& 0$()&+& 9D28#D28. 49.12 X4DY98[t _5.62 49
"$1(+ !$2$2& 633&(& J&"&( _469.648 ]252 68 4882.648 ]6.1 .12
$("&+&& 2!'$'$ +-!$2$2&KG> 19872689.25D49.12X4DY98[t_5.62
< ' (?4ELKG>?75LA7A7 :&3 -' &2 &1&' 49_469.6486845#25.49O96.12^27O9.648
6!2& < 2&(-" > '&1& 8&+8&-M- ; ?@? 49 x689869 S25n62 _O.1456.[ WyRzol{\
%?@?%!< ?AB 2&33&1AN63 "2"A7A4? g4D45ès}Rzoleda}idid 9 .6YO9.2# 68
$()&+&2$("$) 22$1&+ -"$28- 1$+%$2$(- g4.9569h22# g4eij 49 lOD99 0f91f986
@ !' & @&! 6"&"-%& "-& /$0 )1-! ~6#4#4bSemeUemeUT8b#9.2# _O7O.ib
$"-& )$( &"&(!& (&2 >$0 2"& idi`e0129D28#D28.]2529YY54n2#V[.12
< ?6@P Q77EAAB4?6@?74?7A?6@P< A7A4 U686.2549r9] 98# mOD98 ^671. 49.12
2&33&1A5 $02$')$(A7A4? ^2YOV6 49Z8#48269 68 6. h26648 r2..25
g4e_mddsiij`e_med`edie0_mgidi`
#9.2#S2Y.2DV25iabidi`e
$0$(2-:&32$(&2'0& &&"&1633&(& _.9.2#68_5.6249.12X4DY98[t_5.62
J&"&( $("&+&&;(&3 1-3!0 !$3-&2& 49 _469.648b .12 4Y2 49 6. 9.6n6.62
$("&+&&2$( -(- &(-;&2&(&1&-'$ -(-!& 4DY562b9D487 4.125b2.9V61687 98#
& '$8&1&!& - "2(-'&!&& 1&+&; 4Y259.687 Y5422# 944#b 2948687b
) ') 0$:$ &0;'- '&(-3&;!$'&"&; V2n25972bY9T97687b44T68746b]129.75968
'-:&! 3 ($3; 0$33-1-3& )-8- 3& '; D6b94O59T.2.62D98O99.O5687b.59#687b
0$') &2&2$!"2-1!&(32$(-3 ;0$( &3&3&; .598Y45.9.648b9756VO682b98#25n62e
0$3&3!2&;&3( )-"-" &8&"&?
>&2 ( 0 "&2 $("&+&& )$(1 !&"- - 012 X4DY98[t 129# 49962 6 .419.2# 9.
-('& 1&&; $(;&2&-AN; SO#65D98R9w9bZ8#4944#04]25bi x445boe
G1?G$ ? -('& >&?NH Q NB;G&!&(2&; o28#e SO#65D98 l9ne u jb o9T95.9b
$"-&;"$ &3!&0&)(-! &0$(!$) & Z8#48269b]162.12X4DY98[b6.SOV6#69562
$("&+&&;2-2&"6&! &2-2&"6" "-&"- 98# _469.2t99.4562 98# 2.9.2 952
)$(1 !&"- -)$()&3&-2$'0&2 - $"-&; 49.2# 68 n9564O 49.648 68 Z8#48269b
&2&(& 1&-; - 0 1& G&&; '&2$(&; 9D487 9b68 o9n9bSOD9.259bl96D98.98b
>&1-'&2&; 1&$"-; & -1&($3$(-;&2&(& SO9]26698#98#4n2529b9D4874.125b
1&-%&1&:"-&;6(&) & -;%$"-(; (!-;>$:&; U99[69bS9O#6_59V69b7[Y.b0O5T2[bl28[9b
%&( ! ; $()-&; <-3$(-& & +&&? U4544bS25V69bg672569 98# v1989e012
$("&+&&' 1&-)$( 0$(&"-"$&(&! '$("-&1 X4DY98[ .95.2# 6. 4DD25694Y259.648
0& &2&+ 47? 68`ccde
Page 170
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | °±³́µ¶·¶¶µ¸¹º¸»¸¼¾º¼¹¿±Àº
|| ¾´µ³±¸¸¹À¸³µ³¾¿³»¸
|||q ´¶±»¸±¶±Á»Â¶´¸¶Ã³µ¾±»µ
·³́¾´Â³¾Ã¸±¾±»¼»´±¸
| ¡ ¾ÄÅƵÇÉÇÊËÇÌÍÎÏÐÑÐÍÒ
¢£¤|¥£¦¤¥§©¡||£¢ ·ÅÌÇÇÒÌÇ»Ç
ª§«§¤¡¬£¢£©§¥ » ÌÇÄÄÇ ¼ ÅÄÅÆ¿ ÒÏ
®£§§¦¢¤§¯ ¹ÇÄĶÇÌÄǸÒÇ
ª«£¢¯ Î »´»¿¾Ã ÉÅÇ
q¦§ © £ Ë ÂÅÊ ÇÅÅÆÇ ÂÅÄÅ ÒÇ·ÒÉÒ
§¡§ ¸ÒÇÊÇÄ
! " $ %&'$& (%) 012 4846#9.2# 9689869.9.2D28. 4252
'&$%$& ' '&$(!*!&! (! '&( +&( %) 4D52.2# 98# 9O.145662# 9456O2 78 .12
,& $& - !$) ' ( ""% :4D5988; <495# 49 =652.45 48
/01 (//23 >951?@A?B?Ce
® ¢§¢¡£¤¡¢§¢¡£¤|¤¥§ É °ÒÌÇ»EÒ¹ÊÒÇ°ÒÌÇ»E
F& $(-G&H&GI J$(K (1 " K (&K&(' U65.V9696Z8W2.D28.>98972D28.X6D6.2#
LF-I1M' F& $(-G&H&G N K P &K&(' YUVZ>X[98# U65.V9696 :4D5988 X6D6.2#
LF-MQ R " S "Q K$& "TK$& " '%) YUV[A\487 ]487A952 .12 59528.28.6.898#
(&($ & '! ' (&($ & '! ( )& O.6D9.2 59528. 28.6.8 49 .12 :4D5988A
- !$) 3 5252.6W28e
¡ q^£ _¤¡¤§©§ °Ë ɶÆÆÇÌ`ÅÆÇ ÂÅÊ ÒEaÄ ¸ÒÌÇÄ
§¦q£¥ Ò¶ÇÌÂÅÌÅÌÒǾÉÅÄ
b $& $&- !$) L455459.29.648M gODD95849.12:4D5988;455459.29.648
P " K K " !)&$)K P " '&( +&( 9992.6876.956.9.4h954D .12#9.2496.
$* ( ""% c !K!K ' 686.695O7649925687O5.4=22D725ijA?B?i
$K&' " ( ""%d , $K+ //d 95299444k
'%)$+"&+ & !(f
¬£¥¥
¡§¢©¢¤¡
¡§¢©£¥l ´ Ò ÅÊ Ò ÇÌ
´ÊËÇÌÅÆÄÒÌÇÄ ÄÒÒÊ Ò`mÒ Çn
|l ¢l ÄÄÇÒÆ E °ÒÌoÒÇ ÇÌ
µÒÇ µÇÄÉÌ Å Ò ÄÒÌÇ Æ ÒÊÅ
- c !K!K ' $ + $ /33
r1 &ss2t $)Kt
>98juAjvvC Z86.695O764992568749?jABBBABBB1952 rwd33 3
- K G) &%& K& %$)K' &{3
L " !)M $)KK *'&{0
L " !)M $)Kt
V95W9O256.49.12:4D5988;1952954D
/0x! &sswt }5jABBBY9O9D4O8.[5251952.4}5@BB
yO82?@Ajvvz Y9O9D4O8.[5251952 30/w33 0
- c !K!K( +($I$ + $ d03/3
wx! &ssrt $)K+ !t
yO82zAjvvu }671.6O2Z.4.9687iB@A?BBABBB8241952 3~d3/3 0
- K G) &%& K& %$)K' &{0L "
!)M $)KK *'&{L " !)M
$)Kt
V95W9O256.49.12:4D5988;1952954D}5@BB
/x!%&/t Y9O9D4O8.[5251952.4}5jBBY9O9D4O8.[525
yO8?BA?BBB 1952 s30w33
- K+ %& K+%&$)K( $! &$ *!K%)
/03dw~30$)Kt
%K/t VO519249.529O58.4h.4.9687.4j?@AizA@BB
=O5687?BBj 1952 s30w33
Page 171
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qyz{|}~}}| y ©ª¬®¯°¯¯®±²³±´±µ·³µ²¸ª¹³
|{{yzy{{ ·®¬ª±±²¹±¬®¬·¸¬´±
yy{yq} { ¯ª´±ª¯ªº´»¯±¯¼¬®·ª´®
{{}{}z|z{ °¬·»¬·¼±ª·ª´µ´ª±
y| ·½¾¿®ÀÂÀÃÄÀÅÆÇÈÉÊÉÆË
y¢yy °¾ÅÀÀËÅÀ´À
£|¤¥ ¢¦ ´ ÅÀ½½À µ ¾½¾¿¸ ËÈ
§|¨ ²À½½¯ÀŽÀ±ËÀ
£¤¨ Ç ´´¸·¼ ¾À
q ¢ ©Ä  ¯¿¿ÀÅ ¾¿À »¾Ã Ë ½ ±ËÅÀ½
q£¤¨ ˯ÀÅ»¾Å¾ÅËÀ·Â¾½ ¾À
¥
¢
¢ { ¢
ÃÄÀž¿½ËÅÀ½ £¢¨
y ½½ÀË¿ ©ËÅ ËÀ ÀÅ
®ËÀ ®À½ÂÅ ¾ Ë ½ËÅÀ ¿ Ëþ
+ , -/01",%%234&&3&&&5"6"#/"-75 67/7,8",
: ,8",;-<8-"#; #0!0=",5"6"#="->"?",
+ -75"6"",@A B+CE'
!"#"%&&%' ZO98249))FGH**G***82I1952945JDK4L22
(O5687)**) M.4NPI82516KQ54759DRJMPQSZ 43T2U34&&3&&& &&
+ #/ !0",= #/"!05"6"#1-"57-05 /",>"=
V4&3%T3W&&5"6"#'
QO519249.529O5L.4N.4.9687.4XH*G)Y[G\**
1952e 43T2U34&&3&&& &&
+ , -/01",W23T]43W&&5"6"#/"-75 67/7,8",
: ,8",A B+EE'
%&&T ZO98249\FGY^HG\**82I1952945JMPQZZ 43UUT3%]43W&& &&
+ , -/01",443W&&5"6"#/"-75 67/7,8",: ,8",
A B+EEE'
%&&U ZO98249H[HG\**82I1952945JMPQZZZ 43UUU3243&&& &&
+ ,"-0=",= #/"!0"1"5]]T3V]%3W&&5"6"#1-"57-0
:",; ,a7"!",505",>"5 / 5"-%W32TV3W&&5"6"#'
%V_7,0%&&2' b2$2DK.64849^^YGX^)G\**195249.529O5L.4N
`O82)XG)**F 98$924952D968687)\[GFYXG\**1952 23V2&3U%]3W&& &&
q } y¢ c ©Ä ¯¿¿Àžf¾ ÀÅÄÀÈ° À¸ËÀ
d yy¢ ¹¾½
µ¾ { { °ËÂÀgËÀ y¥y¢ µËÅ®ËÀ
_7!0%&&&'`OL)*** 3&&&3&&& _7!0%&&W'`OL)**\
_7,0%&&T'`O82)**Y 3W&&3&&& _7,0%&&2'`O82)**F
_7!0%&&U'`OL)**h 3&&&3&&& _7!0%&&4'`OL)**H
i 0%&&V'j9L)**X %3&&&3&&& i 0%&%'j9L)*[)
_7,0%&&4'`O82)**H 3]&3&&& _7,0%&U'`O82)*[h
i 0%&%'j9L)*[) %3&&&3&&& i 0%&V'j9L)*[X
_7,0%&U'`O82)*[h %3&&&3&&& _7,0%&4'`O82)*[H
i 0%&V'j9L)*[X %3&&&3&&& i 0%&%%'j9L)*))
+":"1",88"!k1",88"!; !";<-",l5 !7-765"6"# r 9.52K45.687 $9.2G949.12 s4DK98Lt
:",</!08"50+ -75"6"",:0"1"5>",8/ -:"- 1952 98$ 9u4v2 u48$ 4O..98$687 9 49
;":"1",88"!k1",88"!1-5/71l1-m"1"1:0n7-5" .142$9.2G9526.2$68.12Z8$48269M.4N
Ao=E,:<, 50"@nAEC3 Jw19872RZ(xSe
Page 172
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ¯°²³´µ¶µµ´·¸¹·º·»½¹»¸¾°¿¹
|| ½³´²°··¸¿·²́²½¾²º·
||| q ³µ°º·°µ°ÀºÁµ³·µÂ²́½°º´
¶²³½³Á²½Â·°½°º»º³°·
| ½ÃÄÅ´ÆÈÆÉÊÆËÌÍÎÏÐÏÌÑ
¡¢£|¤¢¥£¤¦¨ ||¢¡ ¶ÄËÆÆÑËƺÆ
©¦ª¦£ «¢¡¢¨¦¤¬ º ËÆÃÃÆ » ÄÃÄž ÑÎ
¢¦¦¥¡£¦® ¸ÆÃõÆËÃÆ·ÑÆ
©ª¢¡® Í º³º¾½Â ÈÄÆ
¡¦¡£ Æ ·ÊÃÑËÆÃ
! " $%! $&$% 012 64D7988 19 #652.98# 68#652.1952
' & ( ( ! )$* %& ( (! * 4:825167 68 .12 944:687 ;O<6#69562
+ )$) , % -$%) /- * ( =.472.125:6.1.1264D798812526899.255292552#
& 0) " *$ -)12!345 .49.12>?54O7@AB
|¤¢ |F¡¡ ¢¦¦¦C
F¨¦ q¡¨¦¦£ °ÄÑ ½ÃÃÆÿÆÅÄËÆ
G£¡¦G©H®C º É ÑÄ
F¦C ºÅÅÆÈIƯÆËÈÆÑJÆ ©¦¦¢¨¦¤C
·ÑËÄÅ ÄŵÆËà K ²¿ Äþ Ñ®
q¢¤C F¦¦¦C ÁÄÉÉÆËÈÑ «¦¤C C C C C
ÁÄÉ ÑE³ÑÉÆ ´ÄÉ È Æ µ ÆËÑÄ ³ÑËÆÄÅ¿ÃÆÃà ´ÆÈÌÍÎÏÐÏÌ ´ÆÈÌÍÎÏÐÏÏ ´ÆÈÌÍÎÏÐÏÌ ´ÆÈÌÍÎÏÐÏÏ
+ )$) , %L ( (M
N652.;O<6#69562
S $ V ) $* 0 M
P$ Q )$! ( Z8W2.D28.98#D98972D28.
R0 )$/QR4 S % ) TTU 25W62 XXYX XXYX U U
P[\( $R ) ]&\
^$& /[R]^4 S % ) _ (($&$ ( )! (M̀4O5D6687 XXYX XXYX _a4 _a4
P[\( $]&\^$&&
/[]^4 S % ) _ (($&$ ( )! (M̀4O5D6687 XXYX XXYX _ _
\*% $- % M
PQ )$,- *$b $ *\ d98O99.O568749
/Q,b4 c$)! XX 79f97687D9.2569 XXYX XXYX gXh hU
PQ *\- ) +
R0 ) /Q+R4 S % ) XX & " M;1677687 XXYX XXYX _a4 _a4
\*% $ % * $
P^$&V ^ % Md98O99.O568749#9658
^ *$$/^^^4 _ 754#O. XXYX XXYX
P[$ ^ %
Q *\! ) /[^Q4 S % ) _ Q V ) $MZ8W2.D28. XXYX XXYX gU gU
PQ *\ '\,*$$
/Q,4 S % ) Ti j$ )$- $MN6.56<O.648 XXYX XXYX khl lki
\*% $%\! * ! (\&
P,( 2$$% $ " %%& ! M647592n.59.648
/,24 P ) Tmh 98#754268749448O.46 mXYX mXYX h h
P)$j " o )
/jo4 [ * ( Tmm j$ )$- $MN6.56<O.648 liYX liYX ml hmi
P,) ( ^ *$$ \*% $%\!$Md98O99.O568749
/,r^4 S % ) TT 49922 XXYX XXYX U U
R$ ( ! M
' $)kL)*k/L4 ;68797452 TTm & " M;1677687 XXYX XXYX kih kiTm
P& " P )
[ ) /P[4 S % ) TTi & " M;1677687 TXYT TXYT l U
Q *\s\\*R$ ( !\
t\&*$ ( )k R$ ( ! M
L)*k/QRtL4 ;68797452 XXl Q V ) $MZ8W2.D28. mgYm mgYm gli gXU
u' )kL)*k R$ ( ! M
/u' 4 ;68797452 XXl Q V ) $MZ8W2.D28. XXYX XXYX UkXXm gkThX
\*% $ $Y!\*% %
%&$ Y-$ %$)Y- -! "* !Y
)$ $* %
% Md98O99.O568749844#2v
944#68752#628.vO68958944#
PQ *\s\\*c[R% 754#O.v<6O6.v8O.56.64898#
^ % P-%/Qc[4 S % ) XXT 7269944# mXYi mXYi Tklh ikgXl
%- %& ! w$)Y
! (\& * !\*% $ $ " %
(\ (* !\*% 0 $
& $ " Mx9D46798.9.648vD6
PR &$ QV\ 98#754#O.6484944f6874698#
) P-%/RQ^4 S % ) TTU 4.125529.2#754#O. lXYl lXY gikX glkg
Q *\s\\*,($y \' Y R$ ( ! M
L)*k/Q],y4 ;68797452 XXh Q V ) $MZ8W2.D28. hYT hYg kiU kllU
a4P$* % $( $s$% _% (* $y!kXXXk a4z4.6
7869698.{2.198}7~ve
Page 173
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
pqrstuvuutwxywzw{|y{x}q~y ¡¢¤¥¦§¨§§¦©ª«©¬©¯«ª°¢±«
t|szsqrq|w|s|ys| ¯¥¦¤¢©©ª±©¤¦¤̄°¤¬©
|q|q|s|q|w|pu}|s ¥§¢¬©¢§¢²¬³§¥©§´¤¦¯¢¬¦
yzx|s|syuswurt|wr|s ¨¤¥¯¥³¤̄´©¢¯¢¬¬¥¢©
q t ¯µ¶·¦¸º¸»¼¸½¾¿ÀÁÂÁ¾Ã
x q ~q q ¨¶½¸¸Ã½¸¬¸
t } ¬ ½¸µµ¸ ¶µ¶·° ÃÀ
yt ª¸µµ§¸½µ¸©Ã¸
x{x{ ¿ ¬¥¬°¯´ º¶¸
z | ¸ ©¼µÃ½¸µ º¶¸
q q|wz
~ p y ¢¶Ã ¯µµ¸µ±¸·¶½¸
w z ¬ » ö
y ¬··¸º ¸¡¸½º¸Ã ¸ t{}
©Ã½¶· ¶·§¸½µ ¤± ¶µ° Ã
sp t ³¶»»¸½ºÃ x t t t t
³¶» åû¸ ¦¶» º ¸ § ¸½Ã¶ ¥Ã½¸¶·±µ¸µµ ¦¸º¾¿ÀÁÂÁ¾ ¦¸º¾¿ÀÁÂÁÁ ¦¸º¾¿ÀÁÂÁ¾ ¦¸º¾¿ÀÁÂÁÁ
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!12345
Z8$652.64782$
.154O71Z8:;
4<1-,=>==,?=*+0-) 4*=,0%&!")%)-)-*!-/)-5
@)%"0*A1?@B C)%)*+) EEF G98O99.O56874989H IFJK IFJK LIIE LKI
1-,=>==,A@B?==,
1-,0&+*!'&M,-L 4*=,0%&!"!'5G98O99.O568749
3N,LA1?1B @)#)P&!) QFFR 844$2 IFJK IFJK FS SS
1-X'&+)&!,)-)/'-U'*,)/)-/)-
*)P+=-4+'LT+,L M!-/)U0*)5 '%&U=*5Z8Y2.D28.98$.59$2
A*)P+=-B V6879W452 QFFI 2[W45.97286 IFJK IFJK LSEE LRFF
1-,0&+*!")%)-)-JU'-/=#)N)-
"!-P)%,)-#'")%-)\)+!0-+0%
!-,0&+*!*=+!J4892.648956,)-
*'&+=*)-5Z8$O.5649944$]
4<1-,=>==,<&0%!&N!") W542687494698$99.945
M0%&'&@)%"0* ^529$68$O.56]4892.648956
A1<M@B C)%)*+) QFR 98$52.9O598. KQJ KQJ KK SF
4<1-,=>==,2="&)
M0%&'&@)%"0* 4'-/'#=#))-52.9O598.19685
A12M@B C)%)*+) QF_ 8196852.9O598.D98972D28. SEJ SEJ _
C)&)%=-&0#+)&!
4<4!--)(#'4'*")+) ")-)`'"'-5G98972D28.
@)%"0*A44@B C)%)*+) QFFI 48O.68725Y62 RSJK RSJK _ K
C)&)%=-&0#+)&!
4<M0%&'&a*+N)C)P) ")-)`'"'-5G98972D28.
AMaCB C)%)*+) QFFI 48O.68725Y62 IFJK IFJK KL_K KLFQ
4*=,0%&!,)-,!&+*!\0&!U*=,0%P)-/
\'*N0\0-/)-,'-/)-&0&0,)-
%)c))&)-!-,0&+*!5;54$O.648
C)c)3)*)+5 98$$6.56^O.64849$9656
4<1-,=#)%+=A1TbB d2.f9Y9 EER W54$O.98$68$O.5692.9.2 KKJ_ KKJ_ SLI SLRRR
4'-/'"\)-/)-JU*=,0%&!&'*+)
U'")&)*)-U*=,0%P)-/\'*%)!+)-
4<1-,=%0)+M0%&'& ,'-/)-&0&05g2Y24WD28.]
@)%"0* W54$O.64898$D95H2.68749$9656
A1bM@B C)%)*+) QFF_ 529.2$W54$O. KKJ_ KKJ_ _Q S
4*=,0%&!\)N)-
4<M0*P)h'-/= %'")&)-5G98O99.O568749
2=-+)!-'*&AMh2B C)%)*+) EE W9H97687D9.2569 _IJ _IJ LFE LRR
4<a-0/'*)N1-,=>==, 4*=,0%&!"!-0")--=-i)#%=N=#5
3)*=%)N@)%"0* G98O99.O568749848j94146
Aa13@B C)%)*+) QF ^2Y25972 IFJK IFJK LER_ LE
4*=,0%&!)!*"!-0",)#)"%'")&)-5
4<<!*+)M0%&'&4'*%)&) ;54$O.64849W9H972$$568H687
A<M4B C)%)*+) QF_ 79.25 REJS REJS LIFF LR_Q
4'")&)*)-U*=,0%%0#!-'*,)-
4<k0/*)N)1-,)N2!+)*)&) ,!&+*!\0&!5G95H2.68749O68956
1-,=-'&!)Ak121B C)%)*+) QFFK W54$O.98$$6.56^O.648 IFJK IFJK LFS LFFE
b'U0#)0)-
4!-'N!##2="U)-PT!"!+', m!*/!-
,)-l-+!+)&a-)%54!-'N!## 3*!+)-!) 4*=,0%&!JU'-0̀)#)-,)-,!&+*!\0&!
2="U)-PT!"!+',)-, h)P)5:56.61 "!'!-&+)-5G98O99.O5687]9298$
M0\&!,!)*!'&A42TB n65768Z98$ EE $6.56^O.6484968.98.844$2 IFJK IFJK LK FLQSI
Page 174
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qxyz{|}||{~~~x ¨©«¬®¯®®°±²°³°´¶²´±·©¸²
{zzxyx~zz ¶¬«©°°±¸°««¶·«³°
xxzx~q|z ¬®©³°©®©¹³º®¬°®»«¶©³
zz|z~|y{~yz ¯«¬¶¬º«¶»°©¶©³´³¬©°
x{ ¶¼½¾¿Á¿ÂÿÄÅÆÇÈÉÈÅÊ
x ¡xx ¯½Ä¿¿ÊÄ¿³¿
¢{£¤¡¥ ³ Ä¿¼¼¿ ´ ½¼½¾· ÊÇ
¦{§ ±¿¼¼®¿Ä¼¿°Ê¿
¢£§ Æ ³¬³·¶» Á½¿
¢£§ ¿ °Ã¼ÊÄ¿¼ Á½¿
x x~
¡ q¡ ©½Ê ¶¼¼¿¼¸¿¾½Ä¿
~¦ ¢ § ³  ʽ
³¾¾¿Á ¿¨¿ÄÁ¿Ê ¿ ¢{¡
°ÊĽ¾ ½¾®¿Ä¼ «¸ ½¼· ʧ
zq { º½Â¿ÄÁÊ ¤ { { { {
º½Â ʬÊ¿ ½Â Á ¿ ® ¿Äʽ ¬ÊÄ¿½¾¸¼¿¼¼ ¿ÁÅÆÇÈÉÈÅ ¿ÁÅÆÇÈÉÈÈ ¿ÁÅÆÇÈÉÈÅ ¿ÁÅÆÇÈÉÈÈ
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
12345Z8$652.64782$
.154O718:;<
@'-/?#)J)-,)-
=(')-2)*!>-+'*-)+!?-)# 2!-/)F0*)5 F'*,)/)-/)-+'F0-/5
@+'AB+,AC=2>E :6879G452 HII ;4O5K28$68798$.59$687 IILI IILI MNE MNE
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
2>4@5Z8$652.64782$
.154O71:Z<P
@Q4)-//)#)1)+)")
@'*,)-)C41@E R)%)*+) M Q!,)%)%+!S5T48U4G259.687 VILV VIL
W)#!")-+)- @'*%'X0-)-,)-F)X*!%
@QW'X0-4)-,!*!2'Y)J+'*) Q!"0*5[9. %'#)F)&)_!+5̀6G98.9.648
CW42E \96D98.98 ]]^ 98$D6 a]Lb acLc cbb cc
W'F0#)0)-
g!*/!-1*!+)-!)
d&!)-2f-'*/!'&B!"!+', h)f)5856.61
Cd2BE i65768Z98$ HII >-j'&+)&!5Z8k2.D28. VILV VIL H H
2!#j'*?->-j'&+"'-+&
B!"!+',C2>BE 4)0*!+!0& HII >-j'&+)&!5Z8k2.D28. VILV VIL aa aa
W)#!")-+)- @'*%'X0-)-,)-F)X*!%
@QW'X0-l)-,)@*!") 1)*)+5m2. %'#)F)&)_!+5P9D46
CWl@E \96D98.98 HIIH G98.9.64898$D6 VILV VIL HaV H]^
W)#!")-+)- @'*%'X0-)-,)-F)X*!%
@Qn!+*)-0&)>-+!&)_!+ 1)*)+5m2. %'#)F)&)_!+5P9D46
Cno>2E \96D98.98 HIIa G98.9.64898$D6 VILV VIL bcI
>-j'&+)&!,)-Y)&)
")-)Y'"'-,)-
F'-/)-/%0+)-5Z8k2.D28.
@Q>-,?)/*!>-+!@#)-+)+!?- 98$D98972D28.98$
C>>@E R)%)*+) ]]I .598G45.9.64825k62 VILI a]La b^ bb
@'*%'X0-)-,)-F)X*!%
@Ql0-0-/4)&h)f) %'#)F)&)_!+5P9D46
Cl4hE h!)0 ]]H G98.9.64898$D6 a]L acL] AbH Ac^
@'*%'X0-)-,)-F)X*!%
%'#)F)&)_!+5P9D46
@Q>-,*!F#)-+C>@E h!)0 ]c] G98.9.64898$D6 a]L acL] aI ^
@Qn!X)#!0-/Q0-//)# @'*%'X0-)-%'#)F)
@#)-+)+!?-&CnQ@E h!)0 ]c] &)_!+5P9D46G98.9.648 a]L acL] Vbc ab
@'*%'X0-)-,)-F)X*!%
%'#)F)&)_!+5P9D46
@Q2'*!%)+@0+*)C2@E h!)0 ]]H G98.9.64898$D6 a]L acL] Acba Acb
@'"0#!))-X'-!J%'#)F)
&)_!+L!-j'&+)&!,)-Y)&)
*!&'+")-)Y'"'-,)-
+'%-!%5P9D4622$
K522$687r68k2.D28.98$
@Q2)*)-)>-+!@*)+)") 522951D98972D28.98$
C2d>oE h!)0 ]] .2186925k62 VILV VIL HcI H^I
W)#!")-+)- @'*%'X0-)-,)-F)X*!%
@Qh!)0d/*?+)") 1)*)+5m2. %'#)F)&)_!+5P9D46
@#)-+)+!?-Chd@E \96D98.98 HIIV G98.9.64898$D6 VILV VIL ]c] AIbV
W)#!")-+)-
@Qn!+*)W)#X)* 1)*)+5m2. @'*%'X0-)-%'#)F)
2)*)-)CnW2E \96D98.98 HIIc &)_!+5P9D46G98.9.648 VILV VIL HH HHb
W)#!")-+)-
1)*)+5m2. @'*%'X0-)-%'#)F)
@QR)%'2)*)-)CR2E \96D98.98 HI &)_!+5P9D46G98.9.648 VILV VIL H Hc
20")+'*)
@Q2_),)f)1J)%+! 2'#)+)-5:4O.1 @'*%'X0-)-%'#)F)
o'/)*)")&C21oE :OD9.259 HIH &)_!+5P9D46G98.9.648 bVLb bVLI AIH AII]
NEQ!
,)%&!/-!S!%)-M%0*)-/,)*!hFAIIIA stT4.6
7869698.U2.198uGvrwwwe
Page 175
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
pqrstuvuutwxywzw{|y{x}q~y ¡¢¤¥¦§¨§§¦©ª«©¬©¯«ª°¢±«
t|szsqrq|w|s|ys| ¯¥¦¤¢©©ª±©¤¦¤̄°¤¬©
|q|q|s|q|w|pu}|s ¥§¢¬©¢§¢²¬³§¥©§´¤¦¯¢¬¦
yzx|s|syuswurt|wr|s ¨¤¥¯¥³¤̄´©¢¯¢¬¬¥¢©
q t ¯µ¶·¦¸º¸»¼¸½¾¿ÀÁÂÁ¾Ã
x q ~q q ¨¶½¸¸Ã½¸¬¸
t } ¬ ½¸µµ¸ ¶µ¶·° ÃÀ
yt ª¸µµ§¸½µ¸©Ã¸
x{x{ ¿ ¬¥¬°¯´ º¶¸
z | ¸ ©¼µÃ½¸µ º¶¸
q|w
q z
~ p y ¢¶Ã ¯µµ¸µ±¸·¶½¸
w z ¬ » ö
y ¬··¸º ¸¡¸½º¸Ã ¸ t{}
©Ã½¶· ¶·§¸½µ ¤± ¶µ° Ã
sp ³¶»»¸½ºÃ x t t t t
³¶» åû¸ t¦¶» º ¸ § ¸½Ã¶ ¥Ã½¸¶·±µ¸µµ ¦¸º¾¿ÀÁÂÁ¾ ¦¸º¾¿ÀÁÂÁÁ ¦¸º¾¿ÀÁÂÁ¾ ¦¸º¾¿ÀÁÂÁÁ
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
12345Z8$652.64782$
.154O718Z:;
4<=/*>10?0*4'*")! B)#!")-+)-<'-/)C5 4'*%'?0-)-%'#)H)&)I!+5;9D
@=14A E28.59F96D98.98 G 46J98.9.648 KLM KLM N N
2-R'&+)&!,)-H'*%'?0-)-,)-
10")+'*) H)?*!%%'#)H)&)I!+5Z8S2.D28.
4<3'-+)*!10?0*=?),! 1'#)+)-584O.1 98$J9D46J98.9.64898$
@31=A 8OD9.259 PQQ D6 KLM KLM TL TKPP
B)#!")-+)- 4'*%'?0-)-,)-H)?*!%%'#)H)
<!"0*5V9. &)I!+5;9D46
4<U0-+)1)"?)@U1A F96D98.98 PQQW J98.9.64898$D6 NXMN NXMQ YXW LQP
B)#!")-+)- 4'*%'?0-)-,)-H)?*!%%'#)H)
4<30#+!4)(![!(2-+'*-)+!>-)# <!"0*5V9. &)I!+5;9D46J98.9.648
@342A F96D98.98 PQQ 98$D6 NXMN NXMQ TQXW TP
4<3'/)\!+*)4'*,)-)
@3\4A ])%)*+) PQQ 2-R'&+)&!5Z8S2.D28. NXMN NXMQ PP PP
B)#!")-+)- 4'*%'?0-)-,)-H)?*!%%'#)H)
4<3!+*)2-+!1'^)+! _)*)+5̀ 2. &)I!+5;9D46J98.9.64898$
4#)-+)+!>-@3214A F96D98.98 WW D6 XQMX XQM NY NWQ
4'"0#!))-?'-!C%'#)H)&)I!+M
"'-/'#>#),)-"'"'#!C)*)
H'*%'?0-)-%'#)H)&)I!+M
%)*'+M%)%)>M%'#)H),)-+'CM
&'*+)"'"H*>&'&,)#)"
H)?*!%M"'")&)*%)-,)-
"'-^0)#C)&!#GC)&!#
H'*%'?0-)-+'*&'?0+5;9D
4622$b522$687cO.6S9.648
49J9D46c5Obb25c449c
4<4'*0&)C))- 448O.98$.29J98.9.648c
4'*%'?0-)-a>-,>- 98$J54268768D6c
10")+*)2-,>-'&!)<?% D95d2.68798$268749.12
@a124A ])%)*+) WXN 529.2$9756O.O59J54$O2 NXM NML PTXY PTNW
10")+'*) 4'*%'?0-)-MH'-/>#)C)-,)-
4<30#+!=/*>B'-()-) 1'#)+)-584O.1 H'*,)/)-/)-5;98.9.648c
4*!")@3=B4A 8OD9.259 PQQP J54268798$.59$687 NXM NML GfA GfA
a>-&0"1!-/)H>*'4+'Ta+,T 1!-/)H0*)5 4'*,)/)-/)-,)-H'")&)*)-5
@a14A 86879J452 PQQK 059$68798$D95d2.687 NXM NML GfA GfA
4'*,)/)-/)-MH'")&)*)-,)-
10")+*)_!>&(!'-('4+'T 1!-/)H0*)5 H'-'#!+!)-5059$687c
a+,T@1_A 86879J452 G D95d2.68798$522951 NXM NML GfA GfA
4'*%'?0-)-+'?0,)-H)?*!%
/0#)+'*H),05Z8.2759.2$
O795982J98.9.64898$
4<a)^0H'*,)-)2-,)C@a42A ])%)*+) PQQW 52968256 NYMP NXMW PTNY PTPWY
4<\)%*)=#)"3)%"0* 1+)&!0-?>-/%)*"0)+5hOd687
@\=3A g!)0 PQ .9.648 XQMX XQM Y L
B)#!")-+)-
<'-/)C5
4<i!^)0H'*+!I!2-,)C E28.59 4'*%'?0-)-%'#)H)&)I!+5;9D
4#)-+)+!>-&@i424A F96D98.98 PQK 46J98.9.648 XQMX XQM TYQK TYLK
10")+'*)
4<\)-/%0#_0"!&0?0* 1'#)+)-584O.1 4'*%'?0-)-%'#)H)&)I!+5;9D
@\_1A 8OD9.259 PQK 46J98.9.648 XQM XQMQ XK XK
10")+'*)
4<<)-!30&!4'*&),) 1'#)+)-584O.1 4'*%'?0-)-%'#)H)&)I!+5;9D
@<34A 8OD9.259 PQN 46J98.9.648 NXM NML W W
10")+'*)
4<10")+*)=/*! 1'#)+)-584O.1 4'*%'?0-)-%'#)H)&)I!+5;9D
1'^)C+'*)@1=1A 8OD9.259 PQ 46J98.9.648 NXM NML PY PW
10")+'*)
4<<)-!=-,)#)& 1'#)+)-584O.1 4'*%'?0-)-%'#)H)&)I!+5;9D
1'^)C+'*)@<=1A 8OD9.259 PQP 46J98.9.648 NXM NPMP QN WY
4<1)"0,'*)1'^)C+'*) ])&)H'-/)-/%0+)-5
4*)+)")@114A ])%)*+) PQQ 0598J45.9.64825S62 XQMX XQM YY Y
fA<!
,)%&!/-![!%)-G%0*)-/,)*!gHTQQQT fAj4.6
7869698.k2.198lJmcnnne
Page 176
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q|}~ | ¬ °̄±²³²²±´µ¶´·´¸º¶¸µ»¼¶
~ ~|}|~~ º°±¯´´µ¼´±̄º̄»¯·´
||~|q~ °²·´²½·¾²°´²¿±̄º·±
~~~}}~ ³°̄º°¾º̄¿´º·¸·°´
| ºÀÁ±ÃÅÃÆÇÃÈÉÊËÌÍÌÉÎ
|¡¢ ¡£¥|| ³ÁÈÃÃÎÈ÷Ã
¦£§£¨¥£¡© · ÈÃÀÀà ¸ ÁÀÁ» ÎË
ª££¢ £« µÃÀÀ²ÃÈÀôÎÃ
¦§« Ê ·°·»º¿ ÅÁÃ
£ ¦§« à ´ÇÀÎÈÃÀ ÅÁÃ
|
|¡ £££
¥£ q¥££ ÁÎ ºÀÀÃÀ¼ÃÂÁÈÃ
ª £¦ « · Æ ÎÁ
£ ·ÂÂÊìÃÈÅÃÎ Ã ¦££¥£¡
´ÎÈÁ Á²ÃÈÀ ¯¼ ÁÀ» Ϋ
~q¡ ¾ÁÆÆÃÈÅÎ ¨£¡
¾ÁÆ Î°ÎÆà £££±ÁÆ Å Ã ² ÃÈÎÁ °ÎÈÃÁ¼ÀÃÀÀ ±ÃÅÉÊËÌÍÌÉ ±ÃÅÉÊËÌÍÌÌ ±ÃÅÉÊËÌÍÌÉ ±ÃÅÉÊËÌÍÌÌ
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
12345Z8$652.64782$
.154O718Z:;
10")+'*)
4<4'#)-/!2-+!='*+!>! 1'#)+)-584O.1 4'*%'E0-)-%'#)=)&)>!+5;9D46
?424@ 8OD9.259 ABC F98.9.648 BGC BGB H IH
10")+'*)
4<2-+!"'/)JK'&+)*! 1'#)+)-584O.1 4'*%'E0-)-%'#)=)&)>!+5;9D46
4'*+!>!?2K4@ 8OD9.259 ABL F98.9.648 CMGH CNGM MB LBL
2-,P2-+'*-)+!P-)#Q*''-
R-'*/ST'&P0*(' 1!-/)=0*)5
4+'UV+,U?2QRT@ 86879F452 ABB 2-W'&+)&!5Z8X2.D28. IGI IGB UBMC UBMC
2-,0&+*!=0=0%E0)+)-()"=0*)-
J)*)")%*P=*!"'*5]5.69669
4<Y'-()-)10E0* F56D956D9548O.5628.D6^
1'[)J+'*)?Y11@ \)%)*+) ABC 925.66_2568$O.56 CMGH CNGM NB BH
4<4*)+)")`!+*) 2-,0&+*!*0")J=*'a)E*!%)&!5b4O2
Q'"!#)-/?4`Q@ \)%)*+) ABI F5299c569.64868$O.56 CMGH CNGM df@ df@
g/*!2-W'&+"'-+&4+'UV+,U 1!-/)=0*)5
?g24V@ 86879F452 ABA 2-W'&+)&!5Z8X2.D28. IG ICGN
Y)#!")-+)-
4<3'-+)*!4'*+!>! <!"0*5h9.
3)%"0*?343@ i96D98.98 ABI 2-W'&+)&!5Z8X2.D28. HNGI HLGM IIA IIA
Y)#!")-+)- 4'-/'#P#))-J0+)-+)-)")-
4<10")#!-,Pg#)" <!"0*5h9. !-,0&+*!?j<2@5:98972D28.49
V'&+)*!?1gV@ i96D98.98 AB 68$O.569.6Dc25F98.9.648 HNGI HLGM HLI H
Y)#!")-+)-
4<k)-)Y)#+!"V'&+)*! <!"0*5h9. 4'-/'#P#))-j<2l:98972D28.49
?kYV@ i96D98.98 AB 68$O.569.6Dc25F98.9.648 HNGI HLGM I I
4<3),0&)*!V)"=0-/ 4'*%'E0-)-+'E058O795982
2-,)J?3V2@ V)"=0-/ ABM F98.9.648 ILGA IGM LH LI
4'*+)-!)-G%'J0+)-)-G='*!%)-)-
4<k0&J)-j![)0V'&+)*! ,)-='*,)/)-/)-5]756O.O52m
?kjV@ \)%)*+) AB 9452.56m96168798$.59$687 AIGH AIGA LL LL
4<4'*0&)J))- 4'*,)/)-/)-G='*+)-!)-G
4'*%'E0-)-G ='*!-,0&+*!)-,)-
4'*!-,0&+*!)-,)- %')/'-)-5='*>)%!#)-5059$687m
4'*,)/)-/)-n"0" \)>)K)*)+5 9756O.O59m68$O.56998$
4)&!*V0J0*?4V@ o2.r9X9 AB 97286l52F5228.9.6X2 AIGH AIGA AN AN
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
2sgT5Z8$652.64782$
.154O71Zt]u
2sgTK*)v!#4+'UV+,U 1!-/)=0*)5
?2sgTK*)v!#@ 86879F452 ABI 2-W'&+)&!5Z8X2.D28. LAGM LAGI UHMB UCI
2sgT<*),!-/4+'V+, 1!-/)=0*)5
?2sgT<*),!-/@ 86879F452 ABAA 4'*,)/)-/)-5059$687 LAGM LAGI C H
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
42415Z8$652.64782$
.154O71;Z;8
4<1)"0,*)10%&'&
3)%"0*?113@ \)%)*+) ABB 4'#)S)*)-5816FF687 BBGB BBGB HM BC
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
44V5Z8$652.64782$
.154O71;;w
1!-/)=0*)5
KP/)2-,)J4+'UV+,U 86879F452 ABI 4'#)S)*)-5816FF687 BBGB BBGB IN H
1!-/)=0*)5
!)"P-,2-,)J4+'UV+,U 86879F452 ABH 4'#)S)*)-5816FF687 BBGB BBGB B IL
1)*!2-,)J4+'UV+, 1!-/)=0*)5
?124V@ 86879F452 ABI 4'#)S)*)-5816FF687 BBGB BBGB IN HC
f@<!
,)%&!/-!a!%)-d%0*)-/,)*!T=UBBBU f@x4.6
7869698.y2.198uFzm{{{e
Page 177
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qwxyz{|{{z}~}}~w §¨ª«¬®¬¯°±¯²¯³µ±³°¶¨·±
zyywxw}yy µ«¬ª̈¯¯°·¯ª¬ªµ¶ª²¯
wwyw}q{y «¨²¯¨¨¸²¹«¯ºª¬µ¨²¬
~yy{y}{xz}xy ®ª«µ«¹ªµº¯¨µ¨²³²«¨¯
wz µ»¼½¬¾À¾Á¾ÃÄÅÆÇÈÇÄÉ
~w ww ®¼Ã¾¾Éþ²¾
¡z¢£ ¤ ² þ»»¾ ³ ¼»¼½¶ ÉÆ
¥z¦ °¾»»¾Ã»¾¯É¾
~~¡¢¦ Å ²«²¶µº À¼¾
¡¢¦ ¾ ¯Â»Éþ» À¼¾
w w}
q ¨¼É µ»»¾»·¾½¼Ã¾
}¥ ¡ ¦ ² Á ɼ
²½½¾À ¾§¾ÃÀ¾É ¾ ¡z
¯Éü½ ¼½¾Ã» ª· ¼»¶ ɦ
yq z ¹¼ÁÁ¾ÃÀÉ £~ z z z z
¹¼Á É«ÉÁ¾ ¬¼Á À ¾ ¾Ãɼ «Éþ¼½·»¾»» ¬¾ÀÄÅÆÇÈÇÄ ¬¾ÀÄÅÆÇÈÇÇ ¬¾ÀÄÅÆÇÈÇÄ ¬¾ÀÄÅÆÇÈÇÇ
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!
1(')-23Z8$652.4
4582$.154O716298
78
1(')-:;<'-!=:+'>?+,> B!-/)C0*)3
@1(')-:;<'-!=A E6879F452 2GGH :'#)I)*)-3E16FF687 GGJG GGJG KG G
1(')-L")M!-/ :+'>?+,> B!-/)C0*)3
@1(')-L")M!-/A E6879F452 2G :'#)I)*)-3E16FF687 GGJG GGJG NK KH
1(')-P!*I0:+'>?+,> B!-/)C0*)3
@1(')-P!*I0A E6879F452 2G2 :'#)I)*)-3E16FF687 GGJG GGJG GQ 2Q
R#<*IB%IS-+'*C*!&':+'> B!-/)C0*)3
?+,>@R#<*IB%IA E6879F452 2GQ :'#)I)*)-3E16FF687 HNJT H2JG QH NNT
1(')-L('B;!CC!-/ B!-/)C0*)3
:+'>?+,>@1(')-L('A E6879F452 2GU :'#)I)*)-3E16FF687 GGJG GGJG T UN
1(')-R#<*IV)*!+!"':+'> B!-/)C0*)3
?+,>@1(')-R#<*IA E6879F452 2GQ :'#)I)*)-3E16FF687 GGJG GGJG KU QH
1(')-B0%&'&:+'>?+, B!-/)C0*)3
@1(')-B0%&'&A E6879F452 2G :'#)I)*)-3E16FF687 GGJG GGJG UQH UHH
1(')-V)%"0*:+'>?+,> B!-/)C0*)3
@1(')-V)%"0*A E6879F452 2G :'#)I)*)-3E16FF687 GGJG GGJG UG NGG
1(')-R<#,:+'>?+,> B!-/)C0*)3
@1(')-R<#,A E6879F452 2G2G :'#)I)*)-3E16FF687 GGJG GGJG NTN KN
1(')-W),':+'>?+,> B!-/)C0*)3
@1(')-W),'A E6879F452 2G2G :'#)I)*)-3E16FF687 GGJG GGJG NTH KH
1(')-:'*%)&):+'>?+,> B!-/)C0*)3
@1(')-:'*%)&)A E6879F452 2G2 :'#)I)*)-3E16FF687 GGJG GGJG NH2 K22
!"!#!%!&'()*)+!,)%
#)-/&0-/"'#)#0!XY[:
,)-?BX:3Z8$652.4
4582$.154O71Z\]^
$98_EZ^
L&!)-L&&'+&
V)-)/'"'-+:+'>J B!-/)C0*)3
?+,>@LLVA E6879F452 2GK X-`'&+)&!3Z8a2.D28. N>U N>2 2>QG 2>QG
P)*`'&+R'"&:+'>?+,> B!-/)C0*)3
@PRA E6879F452 2GK X-`'&+)&!3Z8a2.D28. NJU NJ2 TU TU
:bL&+<-X-`'&+)")
:'*%)&)@LX:A W)%)*+) 2GK X-`'&+)&!3Z8a2.D28. NJU NJ2 UH UH
:'"!#!%)-,)-C'-/'#<#)
/',0-/C'*%)-+<*)-3
:bL&+<-X-+!V)%"0* 6582516F98$cO6$687
@LXVA W)%)*+) HH2 D98972D28. NJU NJ2 U>TT2 U>TNH
:),)+)-//)#U '&'"d'*2G2UJ[BfVJ[fVJ h49i22Dc25j8k7l7jk]Emnk]mnknnnk
VVVJ[VXJLB:J,)-B[d'#0")%+!g> ]nZkhE^k98$E]9529689.6a2e
LoVJ LR:J V[:J 1BX ,)- XSB +'#); htnkhu^kn]^k6EZ98$ZvE19a2292$
"'-/;'-+!%)- <C'*)&!-I)> :'-/)*0; ,)*! .12654F259.648e0126DF9.49.1294O8.49
)%0-r)%0- S-+!+)& L-)% !-!+'*;),)C s0"#); .122EOc6$69562.4.124846$9.2$9D4O8.
%<-&<#!,)&!)-,!)-//)C+!,)%")+'*!)#> 6486$252$6DD9.2569e
Page 178
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q| | ¯°²³´µ¶µµ´·¸¹·º·»½¹»¸¾°¿¹
|| ½³´²°··¸¿·²́²½¾²º·
||| q ³µ°º·°µ°ÀºÁµ³·µÂ²́½°º´
¶²³½³Á²½Â·°½°º»º³°·
| ½ÃÄÅ´ÆÈÆÉÊÆËÌÍÎÏÐÏÌÑ
¡¢£|¤¢¥£¤¦¨ ||¢¡ ¶ÄËÆÆÑËƺÆ
©¦ª¦£ «¢¡¢¨¦¤¬ º ËÆÃÃÆ » ÄÃÄž ÑÎ
¢¦¦¥¡£¦® ¸ÆÃõÆËÃÆ·ÑÆ
©ª¢¡® Í º³º¾½Â ÈÄÆ
¡¦¡£©ª¢¡® Æ ·ÊÃÑËÆà ÈÄÆ
.9 61D28.
| ¦ ²¶½¾°ËÑ!
"#%&' () ) * % + ,* - ' )/ - ZBCEF9 GO 6$695H 49.12 I4DJ98HF19
0 + "#%& 1 2 )3 4)3 5"#%& 2.9 612$ ZBCE 059$687 K.2e L.$e MZBCE
1 26' 7 8,/ :7)08 ;<;;3 059$687NF68G2J.2D 25PQPPe0124DJ98H6
,* - ) *8,)8 2 + / 0 8 * * 287972$68.12.59$687 O682R6.1.12J96$
7 2 2 2 0= / *)= *8* OJ 9J6.949GSTUQFQQQFR161 R9 9OH
:>?@<3<<<' A 2 *7,-A )07 )+ O 562$ 98$ J96$ 68 9O H
*)= 7,-=/-"#%&3 ZBCEe
1 08 - :)= V= / / 0() ) *% + C$$6.6489I9J6.9I48.56O.64868GO 6$69562
µÈÆÑÏÍ
:/ 0 ;<;W' ,* - 0A)= 0= / TO5687 PQPbF .12 I4DJ98H D9$2 9J6.9
*X,0/ -Y:[\3<<<3<<<+ / 0]^ ;3 68c2.648 .4 d298 Pf 9D4O8.687 .4
_70 / + `+) ` ,* - / 0 gGhfiFQQQFQQQe 012 I4DJ98Hj 2992.6k2
]^ ; )) 7<<a3 4R82516J68d298Pf.6fQQle
m¥ £¥ ÄËn·on
:/ 0 ;<;W']^ ; ":r40A)= TO5687 PQPbFd298 Pf 98$ ZGuKL D9$2
0= / 0 * 2s0 * 2 *X,0/ - 9J6.968c2.648.4 S45H GvH9D4O8.687 .4
Y:[\3<<<3<<< Y:[t3@<<3<<<+ / 0 gGhfiFQQQFQQQ 98$ gGhwFUQQFQQQF
>/= A :+A3?2 *)= 0= /) *8,)' 52J2.6k2HeC9.25.12 9J6.968c2.648F.12
+70 / + `+) ` ,* - / 0>/= A I4DJ98Hj2992.6k24R82516J68S45HGvH6
:+A0X \t'a3 iwexle
%+, * * _7) 2 y=72 / CzO66.64849{48}48.54687Z8.252.
²¶½¾
:/ 0 ) -, ;<;;' ,* - 008/ TO5687PQPPF.12I4DJ98H9zO652$wFUxbFfQQ
* - 0 "#%&*8 A +t3@W3<<* - 0 49ZBCE1952954D6.848}48.5468768.252.
702 2 * - 0 =72 / 2 94591486$259.648.4.9687GSTfFwQxFUPfe
708 A ), *X,0/ - :>?3t<3@;3 C952O.F.12I4DJ98Hj2992.6k24R82516J
?2 0 + ' +70 / + `+) ` 68ZBCE685292$.4Peble
,* - / 0"#%&0 2+ )0X
~;'Wa3
:/ 0 ) -, ;<;W' ,* - 008/ TO5687PQPbF.12I4DJ98H9zO652$iFwQwFfQQ
* - 0 "#%&*8 A +\3t<t3<<* - 0 49ZBCE1952954D6.848}48.5468768.252.
702 2 * - 0 =72 / 2 94591486$259.648.4.9687GSTPFxPPFiwwe
708 A ), *X,0/ - :>?;3;;3\tt3 C952O.F.12I4DJ98Hj2992.6k24R82516J
?2 0 + ' +70 / + `+) ` 68ZBCE685292$.4Peile
,* - / 0"#%&0 2+ )0X
~;'\a3
Page 179
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ´µ·¸¹º»ºº¹¼½¾¼¿¼À¾À½ÃµÄ¾
|| ¸¹·µ¼¼½Ä¼·¹·Â÷¿¼
|||q ¸ºµ¿¼µºµÅ¿Æº¸¼ºÇ·¹Âµ¿¹
»·¸Â¸Æ·ÂǼµÂµ¿À¿¸µ¼
| ¢£¤£¥ ÂÈÉʹËÍËÎÏËÐÑÒÓÔÕÔÑÖ
¦§¨|©§ª¢¨©«¢¥||¢ §¦ »ÉÐËËÖÐË¿Ë
®«¯«¨¥°§¦§«©± ¿ ÐËÈÈË À ÉÈÉÊà ÖÓ
²§««ª¦¨«³ ½ËÈȺËÐÈ˼ÖË
®¯§¦³ Ò ¿¸¿ÃÂÇ ÍÉË
¦«¦¨®¯§¦³ Ë ¼ÏÈÖÐËÈ ÍÉË
q«©«ª««¦¥®q³ ´Ë ÆÉÎ ÖÇÎ Ë ´ÆÇ
¨§««« ÂÍ ÈÉ
! "$%% &'' ()*'+'+, *$)-*&&/01201 K8L9MNNPNQNQPR68216S45T459U6D6.2#98#
3*4*")!! $5"))&)3 6)3*4*")!7 1 )$8: &; V.222 U9W2 U6D6.2# X.12 V225Y98# ZS[R
! $</= ")&-4)$ $! "$% $* )18$8*$>: & 6782# 9 S48#6.6489 V1952 V92 98#
=)&* 5 - 4 =)1?@1" 7A )18$8*$B; @$% RO5192 \7522D28.X.12 ]\7522D28.^Y.19.
4)4: "! $ 4)$% ":1?@1"! $ 6)")$": $ 48.96898#74_258.12.25D98#48#6.648
C %*</= ! $ 1 )$8: &! &4 4)&6:6$ 945ZS[R98#V225.448#O.98#4DT2.2
! $ 4)$@)&)?*6$ 6:*?*?* ?)&:1:- .129`O66.648499195249R68216S4DT98M
?- 4E?- 4 *$)-*&&/042 $@3*4*")!7 /3; U6D6.2# XRSUY 945 486#259.648 _9O2 49
!)$% $$*&*?)C)?1F5G'HIH+++H+++7J 1% aVbNPccdPQQQPQQQXRO5192S486#259.648Ye
)4C)&*$;H
f:$ 4)$84*$2)4C @1$$*&*2)$@)?: *$, 042O52.12T9MD28.49.129#rO.D28._9O2P
</= 4)$ - $ 2)4C @1$ ?)C %*$ J 1% ZS[R52.9686.T9MD28.945T95.49.12RO5192
)4C)&*$?)g1 210201?*0$ &,!)$% $8:4&- S486#259.648 T54T45.6489MP 68 9775279.2
?)&:1:-$@ ?)C)?1 F5Ghi+H+++H+++ 7)$ 4 9D4O8.49aVbstQPQQQPQQQX6u1O8#52#98#
1":?&*4 2:&:-8:" F5j0&1;7Ak*&*l)")$?*B;, 969.M D6648 aV v495Y X.12 ]w2.28.648
! $ C 1: 6$ !*C @16 $ 0&)-</= 6)2 ! \D4O8.^YP98#19x2T96#xMZS[R.4.12
1 )$8: &2 ! "$%% &m+n21*&'+'' ": V22548\T56yQPNQNN45O19.25#9.29
"$%% & &*$ ?)")&- 2)$@)?: *$ J 1% 98M9#rO.D28..4.12RO5192S486#259.648
)4C)&*$!*")$":6$?)g1 !)o*$*"*oH 6#29686.6_2M#2.25D682#e
5)C % * 6*C " ! 1* 2)$@)?: *$ J 1% \952O.4998M9#rO.D28..4.12RO5192
)4C)&*$,k*&*l)")$?* 6$!*6:1$%*!)$% $ S486#259.648P.12w2.28.648\D4O8.{4O#x2
8:4&-@$%?)"1 !)$% $$*&*2)$@)?: *$, 52#O2#xM989D4O8.2`O9.4.129D4O8.49
?)&$8:"$@ ?*? k*&*l)")$?*78*6 ! ;C)1?4 .12 9#rO.D28. _9O2P 944{687 {161 .12
!)$% $ ?": 6&*6042)$??*?)C)?1',hmz 52D968687x998249.1252.28.6489D4O8.X69
7!: 604 )$ 4 2:&:-"*% 2)1?)$;! 1*?*? 98MY.472.125{6.1482.6D24DT289.64849
k*&*l)")$?*- 1:?!*C @10&)-</= 6)2 ! Nesy} X.{4T468.6u.M.1522T2528.Y49O1
1 )$8: &?)g1 210201?*0$ &2 ! "$%% & 52D968687 x9982 49.12 w2.28.648 \D4O8.
m+ n21*& '+'' ": "$%% & &*$ ?)")&- 14O# x2 T96# xM ZS[R .4 .12 V225
2)$@)?: *$ J 1% )4C)&*$ !*")$":6$ T54T45.6489M48\T56yQPNQNN45O19.25
?)g1 !)o*$*"*oH #9.2 9 98M 9#rO.D28. .4 .12 RO5192
S486#259.6486#29686.6_2M#2.25D682#e
! "$%% &'~ n%:?":? '+'+,</= ")&- K8 \O7O.NPNQNQPZS[R 19 2..2# .12
4)$@)&)?*6$ 6:*?*?* ")1?)C:",! $ 0&)- R54T42#05989.648e\45#687MP682.128P
61)$ $@ ?)86 *":, &201$ 6): $% $ .12 4846#9.2#9689869.9.2D28.49RSU
60$?0&*! ?*$ /3 ")&- !*60$?0&*! ?*6$ 6) {94846#9.2#68.4.1254OT4846#9.2#
! &4&201$6): $% $60$?0&*! ?*$f1:2H 9689869.9.2D28.e
=)1! ?16 $ 3 201$ ): $% $ f1:2 /3, [92#48.12689869w2T45.49RSU54OTP
n6": &):$":$% $f1:2 /3")&-4)4)$:-* \.O9R5496.49.12RSU54OT19_29O962#.12
6)")$": $4)$%)$ *):$":$% $ $%j*84*$ .25D 49.12 O9598.22# R5496.O8#25ZS[Re
C)1! ?16$ )18$8*$H&)-61)$ $@,2 ! \45#687MP68\T56NQNNPZS[R19T96#.12
C:&$ n21*& '+'', </= ")&- 4)&6:6$ w2.28.648\D4O8..4.12V225.472.125{6.1
2)4C @1$ "? k*&*l)")$?*6)2 ! 1 482.6D24DT289.64849Nesy} 49.122..2#
)$8: &C)1?4 !)$% $?":6&*6042)$??* w2.28.648\D4O8.e
?)C)?1 ',hmz ! 1* k*&* l)")$?* @$%
!*C @16$H
Page 180
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q|~ | ®°±²³´³³²µ¶·µ¸µ¹»·¹¶¼®½·
|~| »±²°®µµ¶½µ°²°»¼°̧µ
|||q ±³®¸µ®³®¾¸¿³±µ³À°²»®¸²
~~ ´°±»±¿°»Àµ®»®¸¹¸±®µ
| »ÁÂòÄÆÄÇÈÄÉÊËÌÍÎÍÊÏ
¡|¢ £¡¢¤¦|| ´ÂÉÄÄÏÉĸÄ
§¤¤̈¡© ¦¤¢ª ¸ ÉÄÁÁÄ ¹ ÂÁÂü ÏÌ
« ¤¤£¡¤¬ ¶ÄÁÁ³ÄÉÁĵÏÄ
§¨¬ Ë ¸±¸¼»À ÆÂÄ
¤¤¤ à »ÁÁÂÆÏÄÁÏ ÄÉÄÁ
!"## %#&#' (#)# "*"#%#%+%*#%*)# Z842.D28.68195249.4549.129446687
, "-!#/ !%#'##)#0#&% /#1#*/ !*2-"3 9469.298$7468.428.O52952994468
|¢
¦¤ q ¦¤¤¡¡¤:
« ¸ÃÃÄÆ;ÄÄÉÆÄÏ<ÄÂóÄÉÁ
¤:
¤¤¤: µÏÉÂà ©¤¢: : :
q¢:¿ÂÇ Ï= ²ÂÇ Æ Ä ¿ÂÇÇÄÉÆÏ ±ÏÉÄÂýÁÄÁÁ ²ÄÆÄÇÈÄÉÊËÌÍÎÍÊ ²ÄÆÄÇÈÄÉÊËÌÍÎÍÍ
>?@*A )+B#2'-! !2#%# !+)-2%*G9G25$69G25HI54$O.64849G9G25
C?AB E F#2#!"# $69G25 JKL JKL
'#%#!# )# )*%"!*/-%*(!+)-2G9G25
>A )+?@*M-2% % !#"#'# $69G25HQ9552.68798$$6.56RO.64849G9G25
CA?M E F#2#!"# NP $69G25G54$O. JKL JKL
[-)*)# #)# ( 1+0#&# " /-- "-2
(!+)-2%*)# ( '#%#!# "# +0)# 1-0#K
% !"#( '/# 12*"# 0*%"!*2)#!*#'(#%
" /-H^O.649.64898$G54268749
O795982945.12G54$O.64898$D9552.687
S+'(# &*#B* *!#) TUVW#! 492.198498$O795_9629.12
X0W++0 #!"*W*(#UY % 728259.6484922.566.̀954DO795982
CSBTTE [!#%*0H\59]6 P R9792 PKJ PK
f (-0#-#
g*!1*
[!*"# *# !+)-2%*K( @-#0# )# 2%(+!1-0#K "&# +0
c# #H )# " /-% /#1#*(!+)-2%#'(* 1#
\56.61 0#* #H
a b#"-!#0c %+-!W %d*'*" ) h65768 I54$O.648_9298$2iG45.49O795_
Ca bcdE Z98$ NL 2.198498$4.125O795982R`G54$O. NKj NKk
F#%#2+ %"!-2%*K( l## #0#"/ !#")#
"!# %(+!"#%*K)# ( !)#1# 1# #0#"
( !"# *# H^48.5O.64825462_528.949
1294`2mO6GD28.98$.598G45.9.648_98$
> !*'#M#!# #B-%"*2#C MBE F#2#!"# NJ .59$687499756O.O592mO6GD28. JK JK
'!+% %# )# ( '/-#"# (!+)-2W+2 0#"
- "-2)*%"!*/-%*2+' !%*#0HI54268798$
>A )+#1!*n#*"+W#W#+ D98O99.O5687491449.2G54$O.945
CA )+#1!*n#*"+W#W#+E F#2#!"# Nj 4DD2569$6.56RO.648 jKk jKJ
'#%#!# )# )*%"!*/-%*(!+)-2n#*!Hs965̀
>T!0#A )+o++)B#2'-!n#*! D9552.68798$$6.56RO.64849$69G25
A'(+!"CTABnAEr F#2#!"# Nj G54$O. JK JK
n-o*0 !*'#a++)% 0W)#
t "*"#%T #2HsO96I56D9 !+)-2%*)# ( @-#0# '** %"# )# (!+)-2
u44$I98$vOR6$69562 '#2# # 0#* #HQ98O99.O568798$2687
wsIuIx b*1 !*# N 4968.98.844$298$4.125944$G54$O. LjKy LjKy
[V%%+0#t'(! )*' "+%
#!"*W*(#UY %MzTC[-%%+0#E [!#%*0H\59]6 c #0 %"#"{}292.9.2 PKJ PK
rE)#0
#'(!+% %0*2-*)#%*{O8$256mO6$9.648G542e
Page 181
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q| | ®¯±²³´µ´´³¶·¸¶¹¶º¼¸º·½¯¾¸
|| ¼²³±̄¶¶·¾¶±³±¼½±¹¶
|||q ²´¯¹¶¯´¯¿¹À´²¶´Á±³¼¯¹³
µ±²¼²À±¼Á¶¯¼¯¹º¹²¯¶
| ¼ÂÃijÅÇÅÈÉÅÊËÌÍÎÏÎËÐ
¡¢|£¡¤¢£¥§||¡ µÃÊÅÅÐÊŹÅ
¨¥©¥¢ª¡¡§¥£« ¹ ÊÅÂÂÅ º ÃÂÃĽ ÐÍ
¬¡¥¥¤¢¥ ·Å´ÅÊÂŶÐÅ
¨©¡ Ì ¹²¹½¼Á ÇÃÅ
¥ ¥¥ ¡ Ä ¼ÂÂÃÇÐÅÂÐà ÅÊÅ ÇÃÅ
¨©¡
qq¥¢¤ ³®µ®Ð ¶ÉÂÐÊÅÂ
! "# % &"' ()*% + & , --% / ?$256@2$68A4.2B2CZEFG4@.9682$48.54
0,12 # #+ 34( 5 + %! %& ("% -) 2,6/ 49GEHC682.128CIGJG98$6.KO@6$69562
) 5"%!! ) '* ) -"-7 82:2 & % ;%-"-) 95296962$9989469.249ZEFGe
<% *%= # %'&" %-"-) )4)")"0,12>
q ´±º®
2 %"%!*-%#4& ( Z85292499L6.9
2 & 7(% +- # 3M/0,12& %NP, Z8K2L.2D@25WXWWCZEFG98$Y[E97522$.4
# %= -7'7"+ %"%!*-% #4& (&"- #+ -*% 685292 .12 6O2$ 98$ 9O\L96$ 9L6.949
& % &") -43 + %75 N0Q2 =%! ) #7( YZ]G 954D ^L_XWCXXXC `161 486. 49
3'7#(5R+SM>MMM=%!- 3&"3"& 3"SM>MMM _XWCXXX1952.4^L_WaCXXXC`161486.
)5 ## %'&") '7#(5R+ST>MMM- 3&"3"& 3" 49_WaCXXX1952e^29.2$.4.16CZEFG98$
ST>MMM)5 #>U 3* "-& %! %5 (- 3) 7-/ Y[E 68b2. 91 .4 YZ]G 9D4O8.687 .4
0,12& %NP, # %= -43) '7#(5 7 %! * ^LBBCXXX98$^LBBCXXXC52L2.6c2\e
& (#N0Q2# )"%!V# )"%!) )3R+>MMM
& %R+>MMM>
¥¥¬¬ ±ÃÐdʳÐÃÇÐÇÐÃ
2 %"%!*-%#4& ( Z85292499L6.9
2 & -57% M/ 0%&4 !3" 8 "-4ff4 Z8 WXWWC Z8$49756I96.4994 6O2$ 82`
# % 3 "-*% )5 # 37 =%! &"# "( 1952`161`2529O@56@2$@\6.L9528.
) (7375%= 4( 5 %-"-) "%&7*%= & % 0Q2 28.6.\98$KZ]G`6.14O.9O68791987268
-%+ # %! *" -*% + 37 5 % +34+43)" .12L54L45.648492oO6.\4`82516L68Z8$49756
* + #"("*%+ & 0%&4 !3"8 "-4ff4> 0Q2 I96.4994eKZ]GO@56@2$ aaCBXX 1952
# %! # "(TT>MM)5 # ) )3R+gh>ijT 9D4O8.687 .4 ^LrsCtua v45 2oO6c928. .4
k-7) -3 & %! %l mT>TM>MMMn> wKxaCaBXCXXXye
q ®¶º
2 %"%!*-%#4& ( Z85292499L6.9
2 & 7(% z7%"M/ 0Q2 # % # 5 Z8 {O82 WXWWCKZ]G 685292$ 6. 9L6.9
+ %= 3- % )5 # + & 2 Q ) )3 48.56@O.648.4GK]9D4O8.687.4^LaCXXXe
R+T>MMM>
¡ ¾ÂÂÃÐ
2 %"%!*-%#4& ( Z85292499L6.9
2 & -57%M/0:<R# % # 5+ %= 3- % Z8WXWWCZJ?^685292$6.9L6.948.56@O.648
)5 #+ & 17))4() )3R+h}>TTi> .4FO499D4O8.687.4^Ls~Caate
Page 182
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ¸¹»¼½¾¿¾¾½ÀÁÂÀÃÀÄÆÂÄÁǹÈÂ
|| Ƽ½»¹ÀÀÁÈÀ»½»ÆÇ»ÃÀ
|||q ¼¾¹ÃÀ¹¾¹ÉÃʾ¼À¾Ë»½Æ¹Ã½
¿»¼Æ¼Ê»ÆËÀ¹Æ¹ÃÄü¹À
| ¡¢¡£¤¡¦§¨§© ÆÌÍνÏÑÏÒÓÏÔÕÖ×ØÙØÕÚ
ª«¬|«®¡¦¬¯¦±©||¡¦¢¡¤«ª ¿ÍÔÏÏÚÔÏÃÏ
²¢̄³̄¬©£´«ª«±¯µ à ÔÏÌÌÏ Ä ÍÌÍÎÇ Ú×
¡¶«¯¯®ª¬¯· ÁÏÌ̾ÏÔÌÏÀÚÏ
²³«ª· Ö Ã¼ÃÇÆË ÑÍÏ
³¡£¡«¶¯©¦£¢¯¯® ÂÏÄÚÚÏÒÏÚ¾ÏÔ»ÎÍÔÒÚÍ
!"$ % &'()'(*!')"+(', % &' " 012 D2D625 49.12 74D898:; <495# 49
-,' /")-(0 1 , 23 2 74DD664825= >652.45 98# ?O#6.
1"21 ) , 20("4 '4")'+- 5 74DD6..22 9 9.52845.687 #9.2 @252 9
944@A
¡¢¡£¤¡¦§¨§B ¡¢¡£¤¡¦§¨§§B
½ÏÑÏÒÓÏÔÕÖ×ØÙØÕ ½ÏÑÏÒÓÏÔÕÖ×ØÙØØ
¡C£¢̄¦¢̄ ÈÍÚÔÍÎÊÍÒÒ ÌÌÍÏÔÌ
% &'( )'(E & F -"2GH/ '2' F -"2GH/ '2' I526#28.74DD664825
% &'( )'( J" KL" '$ L ( J" KL" '$ L ( 74DD664825
% &'( )'( M0)'( 10")N-P2"KQ - M0)'( 10")N-P2"KQ - 74DD664825
% &'( )'( R ("10N / S R ("10N / S 74DD664825
% &'( )'( R 0 T'22'&UK R 0 T'22'&UK XY 74DD664825
% &'( )'(V ,"1" ," N (% ) '+ 0 ,' E & R ( ,'),W Z8#2828#28.74DD664825
% &'( )'(V ,"1" ," J &4 /")& ,'L "& )' N (% ) '+ 0 ,' Z8#2828#28.74DD664825
J) ,W " )
J &4 /")& ,'L "& )'
% &'( )'(V ,"1" ," L-2'& )'[)' J) ,W " ) Z8#2828#28.74DD664825
¯¦¡¬¢¯ ÈÍÚÔÍνÔÏÑÍÔÌ
!')"+ -)E & 0 'L 2'& 0 'L 2'& I526#28.>652.45
!')"+ -) \) ]'(]-(T"2') \) ]'(]-(T"2') >652.45
!')"+ -) P L 2'& P L 2'& >652.45
!')"+ -) ^W0'"^W"\'"_^0 & (^W0'"Y ^W0'"^W"\'"_^0 & (^W0'"Y >652.45
!')"+ -) ^ -['+T') & ,W ^ -['+T') & ,W >652.45
!')"+ -) 2&(K 0 2&(K 0 >652.45
F 2" F 2"
!')"+ -) _/ -2-(F 2" Y _/ -2-(F 2" Y >652.45
!')"+ -) R ",' L "W 1 " ) R ",' L "W 1 " ) >652.45
!')"+ -) N" ,) T',WW N" ,) T',WW >652.45
!')"+ -) ^ L-`'V ,)' ' ^ L-`'V ,)' ' >652.45
!')"+ -) ^ a22K ^ a22K >652.45
£ª̄¡«©ª̄ ÆÊÍÒÒ ÏÏ
%" - N (% ) '+ 0 ,' N (% ) '+ 0 ,' 71965D98
^'& '-( ^'& '-( b2D625
&"2' L" '$ &"2' L" '$ b2D625
XYF" '
2,- ' 1 , 2cS d"&4")fgI92#9@9:48h4i2D625jk=jljje
/ , 2 mn !"("&4") fm* o)-1 ?49>22D625vw=jljv=.12x54O8199.4.9
&"&'2'+' rnHsnt +)K$ 49yw=zw{ 2D84:22 }>22D625vw=jljjA
_mn!"("&4")f5rfHuuY_ ', +,'-,' YH yl=~~j}O89O#6.2#e
R-&20 4"4 + &1" ((' 4)- 4 ' 0129D4O8.497544D8289.648945.122:
& W"&" +- ]'_ ")& (-+!"$ % &'()'( D98972D28.8254882}68O#687 <495# 49
, !')"+('Yo)-1 , 20("4 '4")'+- 5 74DD664825 98# >652.4549.12 x54O8
@2529944@A
§¨§ §¨§§
V&4 2 +")W W + 1" ,"+ rHcn rsHun 145..25D2D84:22628296.
V&4 2 1 (] +")W ncHt nHrnr I4.2D84:D28.628296.
V&4 2 ")&' (', 025D689.648628296.98#
'&4 2 W + 1 W 2' K ufHn Hmt 4.125487.25D628296.
|ª ¨ § ¨ ¹ÍÚ
Page 183
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
nopqrstssruvwuxuyzwyv{o|w ¢£¤¥¦¥¥¤§¨©§ª§«©«¨® ¯©
rzqxqopozuzqzwq}z £¤¢§§¨¯§¢¤¢®¢ª§
~zozozqzozuzns{zq £¥ ª§ ¥ °ª±¥£§¥²¢¤ ª¤
wxvzqzqwsqusprzupzq ¦¢££±¢²§ ª«ª£ §
o r ³´µ¤¶¸¶¹º¶»¼½¾¿À¿¼Á
vo|o o ¦´»¶¶Á»¶ª¶
r{ ª »¶³³¶ « ´³´µ® Á¾
wr ¨¶³³¥¶»³¶§Á¶
pwopuz{pqts{yzupwx|pzwzqzwvqozqup ¿ §¨««® ¥¦ « ª®¢² ±±¥¨£ ¢£
yzox{pz ¥²¢±¢ª§¢£¦¥®« ¢¥£
r n w ¯Á³³ ´µ »¶³¶Á´ ´µ ¶ ±´³´ Á¶
w ¦Á¸Á §Á¶¹¶³
!" $ % &'(%' )!&* ('%"%" 0124846#9.2#9689869.9.2D28.19H2I228
%!%"'(! $ +) ( , " ) %'-!" $ (' J52J952# 68 945#982 K6.1 .12 Z8#482698
/ ( !%'0+,-123 $4! 5" 6! 3) ( L689869 M4O8.687 N.98#95# PNMQRS K161
/ )! !)%'3 $('!&" &!*7!8 +) ( 4DJ562.12N.9.2D28.98#Z8.25J52.9.6486O2#
, " ) %'-!" $ /) , " ) / ( !%'( IT.12U495#49L689869M4O8.687N.98#95#49
6! )" : 4 ;///<=<> )! ) $ 6!( 4 .12Z8.6.O.249Z8#48269V195.252#M4O8.98.S
6! 3?' %! )6! $" $ -!" $ 98#W27O9.648XODI25YZZZe[e\49[O6#268249
3 $(')! @') &!*A) ')%B%-!" $ 0AB-1 L689869N.9.2D28.]5228.9.64898#^64O52
0(*"&" C( 6! $8% 6% E (& ( 6O2#IT.12L689869N25H62MO.1456.TP_`QR
!4@$ -!" $ 0C,6F6,EG-11 " )" P945D25TV9J6.9a95b2.98#L689869Z8.6.O.648
! "%* "@&'< NOJ25H645T M728T PUM]c]MadfQRR 945
JOI6Td6.2#4DJ9862e
-!@'? " ) %'3 $ (')! &!* = " 01294O8.687J46629#4J.2#IT.12[54OJ952
(&* %!& %" )" )*" 3 $ ('5" (&4 486.28.T 9JJ62# 945.12 T2954H252# 68 .12
& !" $ % &'(%' < 4846#9.2#9689869.9.2D28.e
!" $ % &'(%' 2 !5"&'& 0124846#9.2#9689869.9.2D28.S2h2J.945
"% % % &'(%' 2 ('%"%" @! (% .12 4846#9.2# .9.2D28.4991 94KS19H2
%! "&(! $ 4! $$" %! @'3 I228 J52J952# 48 .12 95O9I96SO687 .12
*'%) '%2 !5"&'%! ! )'3 $ ('%!@") (&4 16.45694.482J.4994O8.687S2h2J.9
5)) )%& !" $ % &'(%' 3 $ #642#68.12522H98.84.2.4.124846#9.2#
!&!g < 9689869.9.2D28.125268e
"% % % &'(%' 3 $ ('%?' 0124846#9.2#.9.2D28.499194KSK161
(! $ 4! $$" 4!) (! & $%" $2 K9J52J952# O687.12 #652.D2.14#SJ5228.
4! 3?' ! ! '4 ( ! $!&" %( 5226J. 98# #6IO52D28. 4991 98# 91
%!) %3 $ ('&%'i'%' %!@$')'g')% 2jO6H928.96962#68.44J259.687S68H2.68798#
! %'2' g!%)%'( ! ( < 968986879.6H6.62e
E) " $ ! 3?' 3 $ ('$" (&4 012J5228.9.648O5528TO2#68.12J52J959.648
! 3"%" & !" $ % &'(%' 49.12 4846#9.2# 9689869.9.2D28. 6 .12
(&* k" '*2 3 $ 4! " 4) " $ WOJ691SK161 6 .12 9O8.6489O5528T 49.12
i" $%' &6! "%* ( %!&" "*F )')%, (' V4DJ98T98#9NOI6#6956268Z8#48269ec91
/ ( !%'<l' ! )')% (&4 = " 4! ! )" 28.6.T68.12[54OJ#2.25D6826.4K89O8.6489
4) " $ i" $%' & 3 4%' $G4%' $ ( O5528T 98# D29O52 6. .5989.648 68 6.
4! $"" ) %%' 3(&44)" $i" $%' & 52J2.6H29O8.6489O5528Te
)! %!@")<
+!&" "* $ (&4 & !" $ M967O5268.124846#9.2#9689869.9.2D28.
% &'(%' ' '2('@"&) 4! ?('( ('%?' 95254O8#2#.498#.9.2#68D664849WOJ691S
(&4 ?") k" '* )! (!)2 !5"&'(' 3) O824.125K62.9.2#e
&' <
Page 184
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
nopqrstssruvwuxuyzwyv{o|w ¢£¤¥¦¥¥¤§¨©§ª§«©«¨® ¯©
rzqxqopozuzqzwq}z £¤¢§§¨¯§¢¤¢®¢ª§
~zozozqzozuzns{zq £¥ ª§ ¥ °ª±¥£§¥²¢¤ ª¤
wxvzqzqwsqusprzupzq ¦¢££±¢²§ ª«ª£ §
o r ³´µ¤¶¸¶¹º¶»¼½¾¿À¿¼Á
vo|o o ¦´»¶¶Á»¶ª¶
r{ ª »¶³³¶ « ´³´µ® Á¾
wr ¨¶³³¥¶»³¶§Á¶
pwopuz{pqts{yzupwx|pzwzqzwvqozqup ¿ §¨««® ¥¦ « ª®¢² ±±¥¨£ ¢£
yzox{pz ¥²¢±¢ª§¢£¦¥®« ¢¥£ ¸´¶
nwz ±Á¶³ ¸¸´»¸ ¶³
! "$%!& ' "! "$ !(!$"() 0129445687.98#95#52526O2#98#2992.66268
'% %$% *+, -% -) $ / " $ 787:;<O.#6#84.52O.68967869698.2992.48.12
0"1 "("$ ! ' )& )2 $!% 1 $2 02&" 0" 4846#9.2#9689869.9.2D28.49.12=54O>?
3 %)4
@A-! !-! BAC EF4 A0! G! ) H I 0"& RSD28#D28. .4 TUSV WX? Y6[2# S2. \
0! !&%-B! 11% / 1J"" ! 0"$ K T5422#<29452Z8.28#2#]2e
@A-! !-! BAC E4 B! / L" M )2 RSD28#D28. .4 TUSV W? T5228.9.648 49
C!% 1 G! 1C& 0"("$ 0"M" "&" 00! 1 " Y689869U.9.2D28.\^96969.648499_69<66.̀
N 1$ B! !$ %N 1$ B L 1K 9^O5528.45a48\^O5528.e
@A- !-! BAC E4 B! / L" & )2 RSD28#D28.49TUSVW?T5228.9.648499689869
$!% 1 ! 1 B! 1% 1$ ) C! "L $ .9.2D28.\b64O5249S4O8.687T4662e
A$% 0"K
@A- !-! BAC P4 C! "L $ A$% 0", RSD28#D28.49TUSV 7c?S4O8.687 T4662;
B! % ' Q0"- 0"A$% 0", C!0 & ' ^1987268S4O8.687d.6D9.298#d5545\
! $ "J!(" "0"Q0"- 0"A$% 0" b29686.64849S4O8.687d.6D9.2
@A- !-! BAC F4 B L $ B! 1' 0"& RSD28#D28. 49 TUSV fX? Z84D2 09[2 \
! 1 B L $ G 11%' G! $ " A0! b292552# 09[ 529.2# .4 S2. 98# _69<66.62
M" "&" 0/ 1G"- %&J "G 0 $0"G% 11 &K 956687954D9U687205989.648e
ngwhh »¸ ¶³´µ±´³´ Á´
M )2 $!% 1 $2 02&" 0" -!&")%"& )2 0124846#9.2#9689869.9.2D28.4D>562.12
$!% 1 3 %)% %$)! "2 !/ 1 "l $%) & - 9689869.9.2D28.49.12 =54O> 945.12 >2564#
& )2 $!% 1 $2 02&" 0"KC! &" ")! 2&!' 46252# 68.12 4846#9.2# 9689869.9.2D28.e
"& 3 %)! !$0)20 %-!-"&"$"' $ 0"- & ^48.546916262#5128.12=54O>62[>42#;45
' 0"&j " !& "$!! &" / ! 1 6862.22 195671.;.469569<252.O58954D 6.686462D28.
-!-"&"$"$!- -)% % %$ -!-)! 1 %'" 56.1.126862.2298#19.129<66.̀ .49992..142
"- &' 0"&! 0! %-!& &%"$!$% 0 / 0 52.O58.154O716.>45254625.126862.22e01O;
6862.22KJ! 1 !-"$" ,3 %)-! 1! &"$ .12=54O>48.54986862.226998#48`69.12
6862.22L"$ ' / L"$ 3 %)-!-"&"$"0!&% %' =54O>19949.129445687?
' &! "$%" "4
"i C!$% 0 06862.22,/ "%' $/ 1 6k T45254625.126862.22;.19.62[6.6875671.
0 " "/ 1-!- ! "3 %)$!- -)% $" " .19.7662.12=54O>.12O5528.9<66.̀.4#652.
% %$ -! 1 '$ $"j" 0 !&!j " .12522698.9.666.6249.126862.22;
6862.22,
""i Q$0)20% %' $ 0"- &' 0"&j " !& " 66k d[>4O52;455671.;.469569<252.O58954D6.
$!! &" / ! 1 6862.22, 686462D28.56.1.126862.22;98#
"""i C!- -)% % %$ -! 11% $ 66k 0129<66.̀.4O26.>45254625.126862.22.4
$!$% 0 / 0 6862.22 % %$ 9992.6.52.O58e
-!-)! 1 %'"L%-& '"- &' 0"&K
Page 185
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
ghijklmllknopnqnrsprothup ¡¢ £ ¤¦¢¤¡§¨¢
ksjqjhihsnsjspjvs ¦ ¡¨ ¦§£
wshshsjshsnxsgltsj £ ©£ª «¦£
pqosjysjpljnlxiksnisj ¦ª¦« ¦£¤£
h{|}}{~k{| ¦¬®¯±¯²³¯´µ¶·¸¹¸µº
o|h{|{|}u{{{h{|}}{~h ´¯¯º´¯£¯
k{{|{~{{{|t{ £ ´¯¬¬¯ ¤ ¬®§ º·
p{~k|{{{|x{| ¡¯¬¬¯´¬¯ º¯
iphinstijmltrsnipquispsjspojhsjni ¸ ¡¤¤¦§ ¤¦£§¦« ¦ªª¡
rshqtisx~{|{| «ª£ §¤¦ ±¯
g||p|~{~{|{| ´± ¯¬®ª¬ º ±¯
! " " $ % &' ()*+,& -, ) 828259:;.125269<52OD<.648.19.D9=456.:49
/ $& ,*0- -( +)(01 + - / " - $ $$ 2 44.687 5671. 52O. 68 48.54e04 O<<45..16
* *" %*03) 2 / *0*-*- ) $" )* ()*+,& - <52OD<.64898#>128.12854O<192.1989
, ) + & - ,/) 2 " )*6842.22! 3) 2 D9=456.:49.1244.687456D6955671.49986842.22;
/ 2/)+* % $- ,/ 5-+ " -/ " $ .12 854O< 486#25 9 522498. 99. 98#
)/0/6 " 0 / *0* 2 -& * / *0*-*- , 65OD.9826892687>12.1256.19<4>25
+,6842.22!+/) , -7 4425986842.22;68O#687?
*@ A/ $ + ) -( +)-+ 0"/ $ 2/ *0*- & - 6C 012 48.59.O99559872D28.>6.1 .12 4.125
, ) 0* " )*6842.22! 44.214#2549.126842.22;
**@ B - $+* % 0 +,2/ $ + ) -( +)-+ 0 66C E671. 956687 954D 4.125 48.59.O9
0* !" 9559872D28.;98#
***@ B -, ) " & -, ) 2(+/ ,*0 $"* *0*-* 66C 012854O<F44.6875671.98#<4.28.6944.687
3) 21 5671.e
3) 2 / *0* -/ % 0* 2 -& /)/- 012854O<52L922>12.1254584.6.48.5498
/ $/ " 0*- 6842.22 %*0 5-+ " -/ " 6842.22 6999.98# 65OD.98268#69.2 .19.
/ $* "*-,*- " 2/) % & +/)& " 2,+ .1252 952 19872.4 482 45D452 49.12 .1522
+ 0/%*& " )*-/+*$ /0/ / " )*2/ $/ " 0* 1 22D28.4948.54eM4846#9.648499NOP6#69562
G( ,(0*" ,* +,H +*+,I/ +*+,J -"* 0*,/K- P2768>128 .12 854O< 4P.96848.544425.12
3) 2 / 2/)(0/&2/ $/ " 0* +,H +*+,J - NOP6#695: 98# 292 >128 .12 854O< 42
" %/)&/ +* 2 " , + 3) 2 -/&*0 $ 48.5449.12NOP6#695:eQ2.;69P66.62;684D2
2/ $/ " 0* +, H +*+, J -1J,/+!0*%*0*+,! 98#2R<282499NOP6#695:9SO652##O5687.12
2/ $& ,*0 " %/% " )*/ +*+, - $ :295952 68O#2# 68 .12 4846#9.2# 9689869
"*- *,*,*2 " +& +/)+/ + "*,/)+- " 0 .9.2D28.954D .12#9.2.12854O<796848.54
02() -/ $ -( ,(0*" ,* ,/K-+ $$ 03) 2 O8.6.12 #9.2 .12 854O< 292 .4 48.54.12
/ 2/)(0/&-/ " 0*, 2 *+ $$ 03) 2+*" -0$* NOP6#695:e
/ $/ " 0*- H +*+,J -+/),/% +1
T 2() -/ $ U-( ,(0*" ,* @H +*+, J - 012 V4846#9.2#C 9689869.9.2D28. 49 .12
"*% + + -+& 2/02() $, "/ $ NOP6#69562952<52<952#945.129D252<45.687
A/) ,& ! / $$ - -/%*K- - + ,* :2959.12M4D<98:;O687486.28.94O8.687
$-( ,*,+/ 1 <4662e
J- I- " )*/ +*+, ,* $0 ) /$/)*"*K% )- 01294O8.499452678OP6#69562952.5989.2#
" )* + $ 2/02() / K"*W 2*& 954D .1265 52<2.642 52<45.687 O552862 68.4
"/ $ " ,),/% $ *%/)*- +7 EO<69148.12944>687P92?
@ J,/+ " 0*%*0*+,! % *- ( /+/) 2 9C Q2. 98# 69P66.62; P4.1 D482.95: 98#
( I ( /+/)!"*K% )- "/ $ / $$ - 848LD482.95:;952.5989.2#O687.124687
- ),2/ + 2X 59.2492R19872Y
%@ A/ " 2 + " %/% "*K% )- "/ $ PC E2428O298#2R<282952.5989.2#O687
/ $$ - - ), $%/)0- 2 " + $$ 0 .5989.648 #9.2 2R19872 59.2 45; 69
+) ,-,* + !%*0 / / &*, )+!- ), 9<<69P2;.12942597259.2945.12:295Y98#
)+I)+ +& +/),/% +X"
[@ \/0*,*& - ), $ +/)K"*"*,K*- ,/% $ * C 01252O.6872R19872#699252826<5228.2#
]A/ $& ,*0 G( 2)/&/ ,*5T * I\/0*,*&G ), 68_`.125M4D<52128642Z84D2LaR19872
+, A/ K% ) T 2() G/ $ ^ " b69925282 48 05989.648 49 c689869
"*,K*- " 0 /- *+, , 2 * 2/0/2 , N.9.2D28.d68.122SO6.:2.648O8.6#6<49
* 6/,+,* /+(+/),/% +1 49.1282.6842.D28.e
Page 186
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Y8#482698987O972Z
\]^_`abaa`cdecfcghegdi]je
`h_f_]^]hch_he_kh
lh]h]h_h]hcmh\aih_
efdh_nh_ea_cam^`hc^h_
]pqrrpstu`vwvxyv{|}|t~pq ¡¢£¤¦¤§¨¤©ª«¬®ª¯
dq]pqpqrjv{p{p~p]pqrrps]v{wvy ¢©¤¤¯©¤¤
`wppq~pspxppqip ©¤¡¡¤ ¢¡¢£ ¯¬
evps`qpppqmpq ¤¡¡¤©¡¤¯¤
| ^e]^chi^_baighc^efj^heh_hed_]h_c^
gh]fi^hmspqpq ¦¢¤
\{qw{qweqws~pwspqpq ©¦ ¤¡¢£¢¡¢ ¯¢ ¦¢¤
!"$ %&' !( !&!) ) ! % !(* !( 012 52O. 98# 9689869;46.648 499 9452678
+ ) ' !(,'!( $! !* -+ ) ' !( / O<6#695=>1429O8.6489O5528=6.12O5528=
' )'&%$!$+ - "&/ !, 01 % 0 1 2 /% !%& 499 1=;256899.64895= 2484D=?6998=?19<2
+ + ) ' !("&!* 1 !* !(2&/2& &!( ! .5989.2# 68.4 9 #6992528.;5228.9.648 O5528=
+&!(('! % !"/$ & '/ &2 ( 2&/ %')3 O687.12944>687;542#O52@
4 & '/'-1'+ -5* )' &)0 2 ) 0"$ &%' ) 0 9Z 99D4O8.A6Z2Z92.?69<66.62?2BO6.=6.2D?
"&!(- !0 ! 2&2 ! )&/+ '% 684D298#2C;282?68O#6874D;959.6E2F
%$+" / ) ,!* 6 1 2 /% ! &!( !%'/ "&!')'" 19<2.5989.2#9..12468759.29..12#9.2
" ) !(( "$/ ! "$ %&' !( !)&/% ! 0 49 .12 D4. 5228. .9.2D28. 49 9689869
%&7' 2 -8 ;46.648?2C2;..19.
24%&) % 1'+ -)&/ &2') 1 2 /% !%& ++ ) 24 >1289D4O8.952.5989.2#68.4.12O5528=
' !( &%$!$+ !$!- "&/ !, 0 + % 1'+ - 49 9 848G1=;256899.64895= 2484D=?
%$+" / ) , -1'+ -* !()& - 1 % ! 4D;959.6E29D4O8.19<2.142.19.>252
&2 ( 1'+ - ) -'! 2&/1 ! + "$/ ! ;5228.2# 9 O5528.=295 9D4O8. 68 .12
%&' !( !) -'! &2& '+!* * !(/& &: !5* )' 522E98.;5645=2959689869.9.2D28.A6Z2Z84.
) % & ' % ! &!( ! "&/'2 - ! ) !(% ) 9#HO.2#945O<2BO28.1987268.12;562
- /( 2&/ %')!* ) ' "&/'2 - ! %'/ 2E245O<2BO28.19872 68 2C19872
2&/ %')!* 64 59.2FZ
I& '/'-)/ ! % ! $ %'! !) /"&/' - ! J 67869698. 68.254D;98= .5989.648 98#
* !( (! , % !5)&/+ '% 2 ) '/'( (! , % ! 94O8.<9982A68O#687.12529.2#67869698.
* !(2& '+ /& 6)& - & + ! 4 O85296K2#79684542F19E2<22826D689.2#Z
L&/'2 - ! + 2 ( !%&"&+ % !&!) ) ! '% J19872 68.12 ;9528.T4>82516; 68.252.68 9
" M!) ) N! % * !( ) % +&!( % 2 )% ! UO<6#695=?>6.14O.944948.54?694O8.2#945
- !(!* "&!(&! !0 7 ) ) &2 ( )/ ! % 9982BO6.=.5989.648ZY9.12V54O;4248.54
&%' ) 4P %&- !( ! "&!(&! ! ) ' )' 4E259UO<6#695=?6.#2524786K2.12529.2#92.
M!) ) N! %0+ % Q/'"+&!(-&!) % !"&!( %' ! A68O#687 744#>6F? 69<66.62? 848G48.54687
) &)5)&/+ '%744#>660 2 ) 0%&"&!) !( ! 68.252.AWXYF98#4.1254D;4828.492BO6.=?>162
!$!"&!(&! 5RSL6 ! %$+"$!&! ! / .12#699252826524786K2#68.12;5496.454ZJ8=
&%' ) )&/% )0 ! & -!* %' " 2 /'( 4 68E2.D28.52.9682#6524786K2#9.9965E9O2Z
P ( ! / !:& ) * !()&/ %' " !
8 1 /4
I& '/'- 2 ) ' /'( ! "&!(- ! 04.9;5496.45498#4.1254D;521286E2684D2
%$+"/&-&! , !&!) ) ! % )/ 2' % !" 49O<6#6956269..56<O.2#.4.12 4>82549.12
"&+ %&!) ) ! '% !" RSL2 -% !1 % - ;9528.28.6.=98#.4.12WXY2E2869.19.52O.689
! +&!( % 2 )% !RSL+&+"'!* $ &, )4 #2966.<998249WXYZ
Page 187
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972_
abcdefgffehijhkhlmjlinboj ¡¢
emdkdbcbmhmdmjdpm ¢¡
qmbmbmdmbmhrmafnmd £¤¥
jkimdsmdjfdhfrcemhcmd ¤¥
buvwwuxyze{|{}~{yuv ¦§¨©«©¬©®¯°±²³²¯´
ivbu vuvwo{uuubuvwwuxb{|{~ §®©©´®©©
e|uuvuxu} uuvn u ®©¦¦© §¦§¨¡ ´±
j{ uxevuuuvruv ©¦¦©®¦©´©
cjbchmncdgfnlmhcjkocmjmdmjidbmdhc ² ¡ ¡¥ ¤¤
lmbkncmrxuvuv ¥¤¡ «§©
av|v|jv|xu|xuvuv ®« ©¦§¨¤§¦§ ´§ «§©
! " $%& '&($& &)&*+&'&",($-& &* ) ;<Z52=5228..12=45.64849.12=5496.45498#
)/-&"$0 )$)&*1 &%2& ()$-&%-&3&)-$&)"$',*$%& 82.92. 49.12 >O?6#69562 84.9..56?O.9?2
* !&"& +& (*, ( &,3, )$-&% +& (*, ( 3&-& #652.@4568#652.@.4.12=9528.28.6.@AB161952
)$)&*$-,%42& ( &*$(5 &*$(-$*&6$%& -&+& =5228.2# 52=2.6C2@ 68 .12 4846#9.2#
+&3/"& +&'&",($-& 3 (7&*$+& %/ 3" 7 *$8+&$ .9.2D28.49=5496.45498#4.1254D=521286C2
%/ */+$-&*$& -& -&+& %,$)&* 3&-& +&3/"& 684D2 98# O8#25 .12 2EO6.@ 2.648 49 .12
3/*$*$% ,& (& %/ */+$-&*$& 4) "3$*&7-&"$'&($& 4846#9.2# .9.2D28. 49 9689869 =46.648A
2& ( -&3&)-$&)"$',*$%& % 3&-& 3 $+$% )$)&* 2=959.2@954D4552=48#687=45.6489..56?O.9?2
$-,%: .42EO6.@14#2549.12=9528.28.6.@_
F",3 2,*, +&3/"& % ,& (& %/ */+$-&*$& 012H54O=19=52=952#.124846#9.2#9689869
- (& -&*&"'&7G&F",3&%& ) ",*' "/3 "&*$ .9.2D28. 48 .12 ?96 .19.6.B648.68O2 .4
* !&"&' "% *$& ', (& : 4=259.2997468748258_
jxu|Iu|ruvuuvburuvu ¤®®©´§J«®®©¤´¦¦¨«´§
F",3 2& 2$%& &* )-& +$&'$+$)&*-&+& +&3/"& 012 H54O= =5228. 92. 98# 69?66.62 68 .12
3/*$*$ % ,& (& %/ */+$-&*$& ' "-&*&"%& 4846#9.2#.9.2D28.499689869=46.648?92#
%+&*$8$%&*$+& !&"K)$-&%+& !&":L,&),&* )-$*&6$%& 48 O5528.N848PO5528.96969.648_Q8 92.6
+& !&"'$+&M O5528.B1286.6R
$S &%& -$" &+$*&*$4-$6,&+&)&,-$%/ *, *$-&+& 6W 2X=2.2#.4?25296Y2#98#68.28#2#.4?24#
*$%+,*/3 "&*$/" &+T 4548OD2#68.12845D94=259.687@2[
$$S, ),%-$3 "-&(& (%& T 66W 12#=56D956@945.12=O5=4249.59#687[
$$$S&%& -$" &+$*&*$-&+& U',+& * ) +&7)& ((&+ 666W 2X=2.2#.4?25296Y2#B6.168\]D48.199.25
3 +&3/"& T&)&, .1252=45.687=2564#[45
$VS%&* &)&, * )&"& %&* % !,&+$2& ( -$'&)&*$ 6CW 9145912EO6C928.O8252.56.2#954D
3 ((, && 2& &)&, &%& -$(, &%& , ),% ?26872X19872#45O2#.42..2969?66.@945
+, &*$*,&), +$&'$+$)&* -&+& %,", G&%), 9.29.\]D48.199.25.1252=45.687=2564#_
U',+& * ) +&7)& ((&+3 +&3/"& :
1* )+&$ 2& -$%+&*$8$%&*$%& * '&(&$+& !&"-& ^.125 92. 952 96962# 9 O5528. 98#
)$-&%+& !&": 848PO5528._
L,&),+$&'$+$)&*-$*&6$%& +& !&"'$+&M Q69?66.@6O5528.B1286.6R
$S &%& -$+, &*$-&+& *$%+,*/3 "&*$/" &+T 6W 2X=2.2#.4?22..2#68.12845D94=259.687
@2[
$$S, ),%-$3 "-&(& (%& T 66W 12#=56D956@945.12=O5=4249.59#687[
$$$S&%& -$+, &*$-&+& U',+& * ) +&7)& ((&+ 666W #O2.4?22..2#B6.168\]D48.199.25.12
3 +&3/"& T&)&, 52=45.687=2564#[45
$VS)$-&%&-&7&%)& 3&*2&"&), ),% & ((,7%& 6CW .1252 6 84 O848#6.64895671..4 #2925.12
3 +, &*& 2& -&+& %,", G&%), U ',+& 2..2D28.49.1269?66.@9459.29.\]D48.1
* ) +&7)& ((&+3 +&3/"& : 99.25.1252=45.687=2564#_
Page 188
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268X8#482698987O972Y
[\]^_`a``_bcdbebfgdfch\id
_g^e^\]\gbg^gd^jg
kg\g\g^g\gblg[`hg^
decg^mg^d`^b`l]_gb]g^
\opqqorst_uvuwxuz{|{s}op ¡¢£¥£¦§£¨©ª«¬¬©®
cp~\opopqiuzoz o}o\opqqor\uzvux~ ¡¨££®¨££
_voop}orow~ooph o ¨£ £ ¡ ¡¢ ®«
duor_po~ooplop £ £¨ £®£
{ ]d\]bgh]^a`hfgb]dei]gdg^gdc^\g^b] ¬
fg\eh]glrop~op ¥¡£
drovovropoz}op~}oropozrop~op ¨¨£ ® ¡¥¨¨£ ¥® ¢¥®¡
¥¡£
!"$%$"$ & '( !))*+ ! $(" $,$( $(! 1292552#.9292.98#69366.6295296962#9
% ) $ $ ( "!-/ ! "$%$"$ '!)( 8484O5528.92.98#69366.62Y
& !'!)0
d5wxpovivpv}op¡¡ £ ¡¦§®¡ ®¡¡
678%$! $ %$ !$ : '$( : $- !) ! CO6824D3689.648E6998FE95294O8.2#945
8 !))*! (!8 7 & 8% "$!0;$< & /7" + ! O687 .12 GO5192 D2.14#Y 012 4. 49 98
/$ %* + (*$ $ $ $*(*/ & !$"$ )/ ) 9HO66.6486D29O52#9..129775279.2I9O249
$8% "!<!) $"$+(!: $*(*/& !$"$= '/& .12 486#259.648 .59892552#ED29O52# 9.9965
!)) " (*$ $ $ !'*8"+ $&6>?& &$+ ( I9O2489HO66.648#9.298#.129D4O8.4998FJKX
<!) $(*$ $ $0@! *( $&(78%$! $%$ !$ :A/*& 68.129HO6522YL452913O6824D3689.648E.12
8 8$"$+ & (+8 !)*(*/6>?& ! $ <!) M54OG22.N12.1256.D29O52.12JKX68.12
$(*$ $ $% $( & !$"$= '/ *&*! & 9HO652226.1259.9965I9O2459..12G54G45.6489.2
&/7&7/ $( & 8$"$(! 6>? ! 7 <!) 1952 49.12 9HO6522P 6#28.696932 82.92.Y
/$ ! $,$( $ /$ ! $ <!) $(*$ $ $0 QHO66.6484.68O552#952#652.F22G282#98#
;$<B%$< (*$ $ $ <!) $8%*" $% % !(! 68O#2#689#D686.59.6I222G282Y
"!) *!) ! $ / (! "8% % ! 8$!$ / $0
6 $( 8 "(*(! (*$ $ $ %* +%$ !$ :A/*& R128.12M54OG9HO65293O682E6.922
8 !)(" $,$( $(! !8 ! ! *( ! ( * !) ! .12968986992.9HO652#98#69366.629OD2#
<!) $& /7" + !"$%$"$ ( * !) !<!) $8%$" 9459GG54G569.2 96969.648 98# #26789.648 68
"$+ % / /(! & & / </ ! (7! /( * ": 945#982N6.1.1248.59.O9.25DE2484D6
(7! $ $ (7!78$ !(7! $ $ /( $ "$!<!) 65OD.98298# G25.6828.48#6.64899..12
& !)) "(*$ $ $0 9HO66.648#9.2Y
S "8 * * (78%$! $%$ !$ <!) $"(*(! X9.123O6824D3689.64869162I2#68.972E
-/ % / + &:'$( :A/*&8 !)*(*/( 8% "$ 6998FE.122HO6.F68.252.68.129HO6522G52I64OF
% )$! (*$ <!) $8$"$($ % "*8!< & &$+ ( 12#3F.12M54OG652D29O52#.49965I9O29..12
<!) $(*$ $ $& !$"$= '/ & !)) " 9HO66.648#9.298#79684542952524786T2#
(*$ $ $ !8 !) (*$( *! *!) ! * ( /*)$! 68G5496.454Y
<!) $+ $"(! "8"% /*)$0
? !)) "(*$ $ $:744#N6= "!< $*(*/& Q.9HO66.648 #9.2E744#N66686.69FD29O52#
+ /) & /7" + ! <!) 8 /*& (! "$ $+ " %$+ 9. 4. 32687 .12 222 49 .12 9775279.2
!$"$ )/ ) /$$8% "!<!) $"$+(! !'*8"+ 49.12 486#259.648 .59892552# 98# .12 9D4O8.
$&6>? '*8"+! 7 /$ ! $,$( $ /$ 524786T2#945JKX4I25.1282.6#28.69693292.
<!) $& /7" + !"$%$"$ <!) $8%$" "$+0U$( 9HO652# 98# 69366.62 9OD2#Y X9 .16
$8% "! / %* (*/!) /$!$"$= '/ ! 7 486#259.64864N25.198.129965I9O249.1282.
V! $ ! (<!) $(*$ $ $: "$ $+ / %* $(*$ 92.49.12WO36#695F9HO652#E.12#699252826
"8"% /*)$ % ) $( *! *!) ! /$& 8% "$! 524786T2# 68 G5496.454 9 7968 48 3957968
!) ! $ (7! "+ % "*8!< 8 ! ' 8 ! GO5192 99.25 G52I64OF 52492687 .12
8 !$"$( 8% "$$ ! $,$( $ !!$"$= '/ /$ 6#28.6969.648 98# 9965I9O2 D29O52D28.49.12
<!) $& /7" + !"$%$"$ <!) $ *8 $(!0 9HO652#92.98#.129OD2#69366.62Y
Page 189
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268U8#482698987O972V
XYZ[\]^]]\_`a_b_cdac`eYfa
\d[b[YZYd_d[da[gd
hdYdYd[dYd_idX]ed[
ab`d[jd[a][_]iZ\d_Zd[
Ylmnnlopq\rsrturwxyxpzlm ¢ £¤ ¥¦§¨©ª©¦«
`m{|}Yl~|mlmnfrwl}~wlzlYlmnnloYrwsru|{ ¥ «¥
\sl}lmzlolt |{llme|l~ ¥ «¨
ar|lo\ml{l}lmilm ¥ «
x ZaYZ_deZ[^]ecd_ZabfZdad[da`[Yd[_Z ©
cdYbeZdiolm|{lm ¢
atumlsfsmszlm olm|{lm £¤« «
¢
!" $% ! & '744#(6)*%$%+ ) !* * =9.25686.69524786.648>744#(66D29O52#9.4.
+, )*$%+ !"* $%-% /*$+%"* ! !%+%! ! 298?9ODO9.2#6D@965D28.42VA45.12
!* *0 1! %$ %2% ! !"%2* ! !%+%! ! !* *' @O5@42496D@965D28..2.687>744#(69BO652#689
744#(63 !")*+4 ) +*/% %$4-5*! /*5*/!*/' CO6824DC689.6486>954D .129BO66.648#9.2>
/2 $ !"" $%*/*/*)* 4$ /*$ ! $ ) / * 949.2#.429149.12E54O@F91728259.687
1!* 6!" /* 7 /8167:) +*;+% 3 !")* + $ ! O86.GHEIJ.19.9522K@2.2#.476L2C28296.954D
$ ! --5+*$ ! - !< ) +*/*!+"*$4-5*! /* .12 4DC689.648 ?8257?>6552@2.6L2 49(12.125
+/5% ' + /) +* $ / % * 5* * / *! 4.12592.4569C66.6249.129BO652295296782#
) +* * $ 3 !" )* $%*/*/*)* $ ! / 167 .4.142HEIV
+/5% 0
M*$ 744#(6 )* 4$ /*$ ! ) /% %167) ! N1252744#(6945D@95.499HEI98#@95.49.12
4 + /* + ! % /167 +/5% )* ! *$ !'- $ 4@259.648(6.168.19.HEI6#6@42#>.12744#(6
744#(63 !" )* /4/* /*$ !)!" !4 + /*3 !" 9469.2#(6.1.124@259.648#6@42#668O#2#68
)* ! *$ ! +/5% +- /%$ ) - !* * +, .12 955?687 9D4O8. 49 .12 4@259.648 (128
4 + /* +/5% $ *$ -!! %$ ! $%! %!" ! #2.25D68687.127968454248#6@4949.12
% $+%"* ! ) +* / !0 E44#(6 3 !" 4@259.648VE44#(6#6@42#>68.1665OD.982>6
)* /$ ! +/5% )*%$%+5+) / +$ !!* *+ *< D29O52# C92# 48 .12 529.6L2 L9O2 49.12
4 + /*3 !")* ! *$ !) !5 "* !) +*1673 !" 4@259.648 #6@42# 98# .12 @45.648 49.12 HEI
+/*/ 0 52.9682#V
P* !, ! & $4-5*! /*5*/!*/5 %- ) U9.12686.6994O8.6879459CO6824DC689.6486
)*/ / *$ ! ) !"" 4+ !' ;+% 684D@2.2 C?.12 28#49.1252@45.687#9.2>.12
- 4+$ ! 2%- /-! + 5 "*6.2D 3 !" E54O@52@45.@54L664899D4O8.945.126.2D945
!, !!3 5 %-) )*/ / *$ ! +/5% 0 (161.1294O8.6876684D@2.2V
6+*4) !"%$%+ ! ) +*4)/ !"" 012 D29O52D28.@2564# 6.12 @2564# 99.25.12
$%*/*/*3 !" )*) -!3 ;+% ) - $%$ ! 9BO66.648#9.2#O5687(161.12E54O@D9?9#QO.
!3/% * ! / 2%- /-! + 3 !" )* $%* .12@54L664899D4O8.524786R2#9459CO682
) - $4-5*! /*5*/!*/ +/5% 0 - +*4) 4DC689.648VSO5687.12D29O52D28.@2564#>.12
!"%$%+ !';+% -!" $%*! -5 ! / % E54O@524786R29##6.648992.4569C66.6269
* 5* * / 5* +) *!<4+- /* +5 +% 3 !" 82( 68945D9.648 6 4C.9682# 9C4O. 99. 98#
)*+4 -!"! *< $ ) !$ ) ! ) !"" 65OD.982.19.2K6.2# 9 49.12 9BO66.648
$%*/*/*'3 !" 5* )*$ %* ) / * %' $ ! #9.2 98#>69T84(8>(4O# 19L2 52O.2# 68 .12
-!35 5$ ! !" $% ! / / ) ! * 5* * / 524786.64849.14292.98#69C66.62949.19.
) !"" +/5% 0 #9.2V
6+*4) !"%$%+ ! 5+ $ *+ ) / 012 D29O52D28.@2564# 28# 9 448 9 .12
!" $%*/*/*-!+*- *!<4+- /*3 !")*+ %$ ! 9BO65255226L2.12 68945D9.648 6.(922T687
-!"! *< $ ) !$ ) ! ) !"" $%*/*/* 9C4O.99.98#65OD.982.19.2K6.2#949.12
% -!" %*5 & *!<4+- /* *!!3 *) $ 9BO66.648#9.2452958.19.D45268945D9.6486
) )*+4 '! -%! *) $ 5* ) +*/ % %! 84.4C.9689C2>CO.1984.2K22#482?295954D
) +* !"" $%*/*/*0 .129BO66.648#9.2V
Page 190
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268P8$482698987O972Q
STUVWXYXXWZ[\Z]Z^_\^[`Ta\
W_V]VTUT_Z_V_\Vb_
c_T_T_V_T_Zd_SX`_V
\][_Ve_V\XVZXdUW_ZU_V
TghiigjklWmnmopmrstskugh ¡¢£¤¥¤¡¦
[hvwxTgywhzghiamrgxy{r}gugTghiigjTmrnmpwv ¦
~W{ng{xghugjgowvggh`w}{gy ¦£
\mwgj{W{hzgvgxghdg{h ¦
s U\TUZ_`UVYX`^_ZU\]aU_\_V_\[VT_VZU ¤
^_T]`U_d~jghwvgh
Uhmnvgn{}gug]hv{vgn_nn{gn{ ¦
!" #%&'((")" !#!" "*#"#)#'+'&) ," 012 :54O=> 68?2.D28. 68 6. 9469.2 6
- ,,' "+" - !*) +'#!"/0 !#!" "*#"# 94O8.2$945O687.122@O6.AD2.14$QB89469.2
")"1"2 '"!' !#!" )#-" " %&'( - -(' 3"# 6 98 28.6.A 68 ;161 .12 :54O= 19 67869698.
( ,"&'2 #, #4#+" / 5 '"# ) ," - !*) 689O282QC8$25.12 2@O6.A D2.14$E.12 4.49
+'#!"67#"3" ( &*1 2" # !"#)#!"-7"2 "!"' 68?2.D28.6685292$45$25292$FA.12:54O=>
)#+'&" ,) ," 7",#" %&'("!" 1"7""!"'&',# 1952 68 82.2958687 4542 98$ $6?6$28$
!*6)" ( &#-"" )# #) )"&# !#!" "*#"# 5226?2$ 954D .12 9469.2 682 .12 $9.2 49
8"+ !" ,,"1( &*1 2" /:44$;63" , ! &+"#! 9@O66.648Q:44$;6529.687 .4 .12 9469.2E69
) ," !#!" "*#"#68#+"")"6! &-"'+)"1"- 68O$2$68.12955A6879D4O8.49.1268?2.D28.
#1"# ! &<"!"! # !"# )" !#)"+ )#"-*&!#"# 98$6826.1259D45.6G2$84568$6?6$O9A.2.2$945
-"'(' !#)"+ )#'8# <"&" # )# #)'"1 ' !'+ 6D=965D28.Q
( '&' " #1"#/
H"(*&" 1"7"&',#)" ( ,2"#1" +*-(& 2 #4 012 4846$9.2$ .9.2D28.49=5496.45498$
1"# +* *1#)"#" - < &-# +" 7",#" "!" 2"#1 4.1254D=521286?2684D25292..12195249
*( &"# )"&# !#!" "*#"#/ I#1" ! &)"("! .1252O.494=259.64849.129469.2QK1252
( &'7"2" 3" ,)#"+'#1" ,' ,(")" +'#!" )"&# .125219F228919872524786G2$$652.A68.12
!#!" "*#"#6%&'( - ,"+'#7",#" 3" "!" 2@O6.A49.129469.2E.12:54O=524786G26.
( &'7"2" ! & 7'!)" - ,' ,+"(+" 2"1# #68#+" 19524998AO11987298$$642.16E;128
& 1 " 6 )"1"- 1"(*&" ( &'7"2" +'#!" 522?98.E68.124846$9.2$.9.2D28.491987268
+* *1#)"#" /H"7" "!"' &',# 7","#2"#1)"&# 2@O6.AQ:96898$4252O.687954D.5989.648
!&" "+#J!&" "+#" !"&" %&'( ) ," !#!" F2.;228.12:54O=98$.129469.295226D689.2$
"*#"#)# 1#-# "#(")" 8'-1"2 '"#) ," .4.122L.28.49.12:54O=>68.252.68.129469.2Q
(*&#+ ( -#1#+" %&'()"1"- !#!" "*#"#/
M#+"7",#" %&'("!" &',# !#!" "*#"# "-" P9.12:54O=>1952494249989469.22@O9
) ," "!"'- 1 7#2#+ ( !# ," 3"(")" !#!" 45 2L22$ 6. 68.252. 68 .12 9469.2E 6.
"*#"#6-"+" %&'( - ,2 !#+" ( ,"+'" $648.68O2524786G6876.1952499O5.12542Q
7",#" 3" "!" &',# 1 7#2 1" 8'!/ 5 ! 1"2 B9.25.12:54O=>68.252.652$O2$.486E9$$6.6489
+ ( !# ," %&'( )#+'&" ,+" - 8")# *16 42952=54?6$2$94598$969F66.A6524786G2$
!"-7"2" + &',#" )#<")" ,+" 6 )" 1#"7#1#!" 48A.4.122L.28..19..12:54O=1968O552$279
)#"+'#62" 3" (" 8" ,%&'(- -#1#+#+ N"8#7" 4548.5O.6?24F679.64845D9$2=9AD28.48
+* !&'+!#4 "!"' 2'+'-6 "!"' - 1"+'+" F2199 49 .12 9469.2Q P9 .12 9469.2
( -7"3"&" "!" "-" !#!" "*#"#/M#+" !#!" OF2@O28.A52=45.=5496.E.12:54O=52OD2.4
"*#"#+ -')#" - 1"(*&+" 1"7"6-"+" %&'( 524786G26.1952 49.142 =5496.48A99.256.
-'1"#- ,"+'#7",#" 3""!" 1"7"! & 7'!2" 3" 1952 49.12 =5496. 2@O9.4 .12 O8524786G2$
! 1"27",#" 3""!" 1"7"! & 7'! "-") ," 19524942Q
7",#" "!" &',#3" ,7 1'-)#"+'#/
Page 191
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Q8#482698987O972R
TUVWXYZYYX[\][^[_`]_\aUb]
X`W^WUVU`[`W`]Wc`
d`U`U`W`U`[e`TYa`W
]^\`Wf`W]YW[YeVX`[V̀W
UhijjhklmXnonpqnstutlvhi ¡¢£¤¥¦¥¢§
\iwxyUhzxi{hijbnshyz|s~hvhUhijjhkUnsonqxw ¡§¡
X|oh|yhivhkhpxwhhiax~|hz ¡ §¤
]nxhk|X|i{hwhyhieh|i ¡§
t V]UV[`aVWZYa_`[V]^bV`]`W`]\WU`W[V ¥
_`U^aV̀ekhixwhi
Vinowho|~hvh^iw|who`oo|ho|khixwhi §
! "$% !& ! $!'(' ) ) )( )(*()%)%! ' ) 012 9689869.9.2D28. 49.12 9469.2 952
$( *$ $+ !, !&) - *$!& !/ % 0 1521952#945.129D252145.68712564#49.12254O1R
3$'$+ 4 $!$ ! -$' *$ $"%(' )5 / % >9.2591169.64849.122?O6.@D2.14#A.12254O1
-$!$!'%" ! " 4 *( $+%" ! %!'%" -$!& "%( #2.25D682B12.1256.682295@.4524786C298
' -6 4 ! %&( $!%%! !!(+ ( ' )(!7$)' )(/ % 9##6.6489 6D1965D28. 4 48 .12 254O1E
* $!'(' ) ) )( )(0/ % -$!$!'%" ! * 68F2.D28.686.9469.2R012254O1#2.25D682
)$'( ' !&& + $+ ! " 4 '$* '6%"'( 9.29152145.687#9.2B12.125.1252698@4GH2.6F2
, !& 6,$"'(8 , !& -$!&(!*(" )(" ! 6 4: 2F6#282 .19..12 68F2.D28.68 .12 9469.2 6
(!7$)' )( * $!'(' ) ) )( )( -$!& + -( 6D19652#RQ9.166.1292A.12254O19O9.2.12
$!%%! ! !(+ (0; + - 4 +(!(5/ % -$!&4('%!& 9D4O8.496D1965D28.A6998@A9 .12 #69925282
<%-+ 4 $!%%! !!(+ (5<(" * 56$* ) " !)$+()(4 G2.B228.12524F259G29D4O8.49.1268F2.D28.
!' <%-+ 4 '$ %+(4" ! ' ) (!7$)' )( * 68 9469.2 98# 6. 955@687 9D4O8.A 98#
$!'(' ) ) )( )( * ! !(+ ( '$= ' '!, * ! 524786C2.129D4O8.6815496.454R
-$!& "%(!, * + -+ 6 %&(0
I * ) '"$4(+ !& ! $!& %4 )(&!(8(" ! ' ) J148 4 49 67869698. 689O282 4F25 .12
$!'(' ) ) )( )(5/ % -$!&%"% * ! -$!& "%( 9469.2A.12254O1D29O5298#524786C298@
6 &( ! (!7$)' )('$)() * !(+ (: < 03$+()(4 52.9682#68F2.D28.9.6.9965F9O2R>8@#69925282
!' !(+ ('$= ' '$!'(' ) ) )( )(* !!(+ (: < G2.B228.12955@6879D4O8.49.129469.298#
(!7$)' )( , !& '$)() * ! $!$(- ! * ( .12 9965 F9O2 49.12 52.9682# 68F2.D28.98#
$+$ ) !(!7$)' )(*( "%( * + 6 %&(0 15422#954D #61496524786C2#6815496.45
4R
Vinowho|~hvhMniwxshbnsohph NP¡
/ % -$- %!, (6 &( ! '()( )(* + - 7$!'% 012254O1199868.252.68H468.F28.O52B1616
6$) - , ('% $!&$!* +( ! 6$) - $!'(' )5 H468.@L48.542#28.6.@AB1252G@.12F28.O52519F2
*(- ! 7$!'%$ -$-(+("( $< !<( ! " !' "'% + 48.59.O99559872D28..19.2.9G61H468.48.54
, !& -$!=( ' " ! $!&$!* +( ! 6$) - ' ) 4F25.122484D69.6F6.6249.1228.6.@A52O.68768
"'(7(' ) $" ! -( $!'(' )5 *(- ! (4 " , !& 848249.12195.6619.687195.6219F687O869.259
6$ '()( )('(* "-$-(+("( $!&$!* +( !)$ (4 " 48.54 4F25 .12 2484D6 9.6F6.@ 49 .12
' ) "'(7(' )$" ! -()% '% $!&$!* +( !6$) - H468.@L48.542#28.6.@R012254O1E68F2.D28.68
$!'(' )0K!7$)' )(/ % * + - 7$!'% 6$) - H468.F28.O52694O8.2#O687.122?O6.@D2.14#
*( "%( *$!& ! -$!&&%! " ! -$' *$ $"%(' )5 4994O8.687A298@6D1965D28.42A6998@R
*("% !&("$%&( ! $!%%! !!(+ (5<(" * 0
Page 192
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972^
`abcdefeedghigjgklikhmani ¡
dlcjcabalglclicol ¡
plalalclalgql`emlc ¢£¤
ijhlcrlciecgeqbdlgblc £¤
atuvvtwxydz{z|}zxtu ¥¦§¨ª¨«¬¨®¯°±²±®³
hu atutuvnzt ttatuvvtwaz{z} ¦¨¨³¨¨
d{ttutwt|ttumt ¨¥¥¨ ¦¥¦§ ³°
iztwdutt tuqtu ¨¥¥¨¥¨³¨
biabglmbcfemklgbijnblilclihcalcgb ± ¤ ££
klajmblqwtutu ¤£ ª¦¨
buXz{t{ttYzutnz{t|twtutu F¨¥«¨[¦\¨¨¥ ª¦¨
!"$% & ' & ( % $ & 2#3O.D28. 952 D9#2 .4 45687 68.4 682 985
"$)! * ( *& ! ! % ( &)+ & #66D69594O8.68764662.19.D95276.^012
& ' ,-$ "(*/'& "** ('0! 854O6#648.68O2.12O249.122:O6.5D2.14#
& ' + & ' ** %1' $$)$/' ((%& 954D.12#9.2;1286.292.419<23468.48.54^
"*! % )$ ( ,
it{tugzttit{ £³¥³£³¥]F³¨¥
= '$!$ ' & ! ) &,>' $ & '$ ' ( B914D65629148198#98#68498C^B91
($ " & !"0 '0 )$+ *& !* + *& 2:O6<928.D96855265228..6D2#2646.;6.198
? &' '* ) % ' & $ * + & ' 4567689D9.O56.562564#49.1522D48.14529.
"(" ' @ *'! &!) ' "** .12.6D249692D28.E84.52.56.2#945O298#
! ! " ' *$ !+ !& & ' " '$+ ! 529#65 48<25.642 .4 91 ;6.14O. 67869698.
"$ ) / % * *A& ! '! &!* & 1987268<9O2E98#84.O2#949.259945
) * + ( ' "+ ( , 52#6.9966.5^
`z{zttu F¨¦¨¥
$ ! ! ' & ) $ % '$! / Z8<28.4562952<9O2#9..124;25494.98#82.
' $ ) "$0%/ ! % $ % '0, 5296R942<9O2^B4.6D96859O9.2#O687.12
G "$0%/ '$ ' ( !'' & !* D4<687J9<25972 D2.14#E2726.945 SZTU 98#
(** & ('0! $ ' H$ ' )$*$ & SO46#69562E 4. 6 9O9.2# 45 .12
ID4<687J9<25972K@ &L % >MN ! P'' ;2671.2#J9<25972D2.14#^
Q & @) "$0%/ !'' & (** &
('0!$ ' H$ ' '$'() *I;2671.2#J9<25972K^
V% $ % '0 "$ ! ! % / '( W2.5296R942<9O24968<28.45626.122.6D9.2#
/ $* + %! % ( &* ' / 0$( %!& $ * 2687656268.1245#689554O52494O6822
'( ) " % ! '( ) 2.6D9.2#4.494D62.64898#.122.6D9.2#
*!"$% & ' &(% & & "+ % , 4.822955.4D9C2.1292^
-$ "(' "& " / ' &% $ % 012854O6654<6#294;982 94582.5296R942
'0 "$ ! )$! $& / %"% / <9O24968<28.4562492#4862564#652<62;49
)$& % ' &0! A &! % $ % '0 .126156948#6.64898#82.5296R942<9O249
"$ ! , .1268<28.4562^
Page 193
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268U8#482698987O972V
XYZ[\]^]]\_`a_b_cdac`eYfa
\d[b[YZYd_d[da[gd
hdYdYd[dYd_idX]ed[
ab`d[jd[a][_]iZ\d_Zd[
Ylmnnlopq\rsrturwxyxpzlm ¢ £¤ ¥¦§¨©ª©¦«
`m{|}Yl~|mlmnfrwl}~wlzlYlmnnloYrwsru|{ ¥ «¥
\sl}lmzlolt |{llme|l~ ¥ «¨
ar|lo\ml{l}lmilm ¥ «
x ZaYZ_deZ[^]ecd_ZabfZdad[da`[Yd[_Z ©
cdYbeZdiolm|{lm ¢
dsr{fons ¢«
!" $%&' %( % ) ) *+,-()/ '%(&0 012 =54O>? @64476992. 4D>562 .6D@25
)"% 0&! &% & )1) ()% )/)1)/ '%(&0 2-3) &4 >98.9.648A98#>56D95B9756O.O52>54#O249.12
+)/()/ 5&)6 7 ")%8+57:- / 6 0 !)') ); - @29525>98.A89D2BC521C5O6.EO812FCCEGA
0)% ()/ &< 46>9D22#A5O@@2598#O795982V
!" ( /3) )0)/ )% / !) ;)H)% E64476992.952.9.2#9.9965J9O224.
( 0&%)/" )3) &/ &01 /H&)!<I &/ &/")/ ) )& .42V=968454295668748686.69524786.648
0 %&" )/3)/" 1 &!')()' /")0&)/);)!'%(&0 499756O.O59>54#O29.9965J9O224..42
)"% 0&! &%')() / !) ;)H)%( 0&%)/" )3) &/ &0 98#954D.1219872689965J9O224..4249
1 /H&)!()/()% ' %& )6)// !) ;)H)%( 0&%)/" .12 @64476992.9.291 52>45.687 #9.2 952
)3)&/ &01 /H&)!()% ) !" ')() )' 68O#2#68.12>5496.454945.12>2564#68K161
)/"")!' !)' %)/( 1)&00)/()!)1!) )%&" ')() .12B9562V
' % ( %H)( /3)<
I)% /)6)%")'))% ()0 % ( )&/ &0*+,- / 6 L.12D95M2.#2.25D682#>562952 84.529#6B
0 !)') ); ()/ & !&1 )' ')/ /-/ !) 9J969@2945.6D@25>98.9.648A46>9D22#98#
;)H)%/3) ( 1) 1 /""&/)0)/ ' /( 0) )/ O79598284.B2.9J969@2945195J2.A.12659965
' /()') )/ 8684D2 9>>5491: %())%0)/ / !) J9O29522.6D9.2#O687684D29>>5491@92#
0 / ()% )%& 0) 1)) ( ')/ / 3)/" 48.12>5228.J9O249.122N>2.2#82.9O.O52
( 6)%)'0)/-( ( 0/ 0)/( /")/ /"0) ( 0/ 91 94KA #64O8.2# 9. 9 O5528. D95M2.
!&1')H)0 %())%0)/0/( 0 / '))%< #2.25D682#>52P.9N#64O8.59.2V
Q !) ;)H)%()% '%(&0)"% 0&! &%- %1)&0'%(&0 0129965J9O249.129756O.O52>54#O2A68O#687
3)/" 1) 6 &1 &6 ()/ &()6 ( ')/ / ()% 754K687>54#O298#195J2.2#>54#O2A4946>9D
)/)1)/'%(&0 20 !)')); ()/0)% ( / &0)/ @29525 >98. 98# 5O@@25 @29525 >98. 6
1 /""&/)0)/' /( 0) )/'))%FD95M2.9>>5491G #2.25D682#O687D95M2.9>>5491@B9>>B687.12
( /")/ 1 / %)'0)/ 1) R!&1 '%(&0 2.6D9.2#J4OD249.12>54#O2.4.122.6D9.2#
( /")/ 1) 6)%") '))%3)/" %!)0& ')() D95M2.>5629>>69@29..1252>45.687#9.2VT4.
)/"")!' !)' %)/<5 )3) &/ &0 1 /H&)!)()!)6 .42952.126852D28.94.#652.B9..56@O.9@2
)3) /0% 1 / )! 3)/" ( ) % & 0)/ S)%) .4.12#6>49499892.A2NO#6879689824.
!)/"&/" &/ &0 ' ! '))/ ) - ()0 %1)&0 98#684D2.9N2V
)/' 1 )3))/()/')H)0' /"6) !)/<
Page 194
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972b
defghijiihklmknkopmolqerm ¡£¡¤¥
hpgngefepkpgpmgsp £¥£¤
tpepepgpepkupdiqpg ¦ §¨£
mnlpgvpgmigkiufhpkfpg £§£¨£ ¡
exyzzx{|}h~~~ |xy £©ª«¬®¬¯°¬±²³´µ¶µ²·
lyexyxyzr~xxxexyzzx{e~~ ª±¬¬·±¬ ¬
hxxyx{xxxyqx ±¬©©¬ ¡ ª©ª«¤ ·´
m~x{hyxxxyuxy ¬©©¬±©¬·¬
fmefkpqfgjiqopkfmnrfpmpgpmlgepgkf µ ¡¡£¤ ¡£ ¤£¨ £§§
openqfpu{xyxy ¨§¤¡£ ®ª¬
dxyzd{xx ·©¯·¤¬®¬·°¬©
! " !$ ! %& ' ( )*+,- !/ $ B25.968 OC6#69562 E6.168 FZGH I42.6J2K
0!$ ( ( & !0% !0 1 2,!$% 3 * 456 5292552# .4 9 .12 LMO2O B4DN9862PQR19J2
(!( ' " "7( (!&!1 0!0!$ 8 :78!$ ; 4DD6.D28. E6.1 2J259 5O59 44N259.6J2
<! -:;<5= 1(!> & 3 8! 8' ( % %" ISTU45S4N2596T86.U29Q52N5228.687N9D9
(!1!(0 1" 8!$"!0% 8' ( !0 1 ( 995D25.4#2J24NN98.9.648952VO652#CK.12
& > ? 0" 7'!38!(!$ 3*&7! @,!$% 3 Z8#48269874J258D28.b012MO2OB4DN98626
* " (!(0!$ " 0 (0 1 & 0!$0 1 .4N54J6#27O6#98298#19568749W84E2#7268
8!1! 3% & ' ( (!1!(0 1" 8!$"!0% #2J24N687.1246N9DN9D9N98.9.648ON.4.12
8' ( "!' 8 > 3 11 3 88$7&%" A@ N54#O.6J2.972b
,!(0 = 8!1!(0 1 8!$"!0% 012 96898687 49.122 N9D9 N98.9.648 952
8' ( & 8!$7'!3 (!' '% 8 ? ( & $ 0 "6 D968KN54J6#2#CK.12 C98WE162 .12MO2O
!& 1" ,!$% 3 * (!(0!$ " (0 3 B4DN9862N54J6#29##6.6489.2DN4595K498.4
8 ? ( !(! $ % %"(!(0 %8 $ 8! 12N .12 N9D9995D2552N9K.12N5686N998#
8' ( (!(0 = $87"7"8 ? ( 0! !$ 0%1 68.252.E162.12N9D9N98.9.64895284.K2.9.
!(! $ 8!$"!0% 8' ( 0!'%( (!/ 8 N54#O.6J2.972b012MO2OB4DN9862N54J6#2
3 8 8$7&%" A@ ,!$% 3 * (!(0!$ " 45N459.27O9598.22.4.12529.2#52#6.9966.62
? ( 8!$% 3 I45N459.2 7O9598.22Q% %" N54J6#2# CK.12 C98Wb012 N9D9 5226J9C2
A ' 8 ? ( !$" = 1& 8!$7'!3& $ 0 "@ N5228.2#68.124846#9.2#.9.2D28.499689869
, % 18' ( = 1& ? " & ' (' 87$ 87 N46.648486.499ODO9.2##2J24ND28.4.
"!% 1 "7 7' & !$& $ "%(%' 68O552#98#.129O8#687N54J6#2#CK.12MO2O
0 = 0 = 8!1!(0 1 = 1 !$? & & B4DN9862.4.12STU45N9D9995D252.12
8!(0 = = 1 & 8!$7'!3 & $ ,!$% 3 * 9O8#5226J2#954DC98W48C219949.12STU45
"!8 & :;< % 8! 8' ( & "%$ 1 & N9D9 995D25 98# 9ODO9.2# 6DN965D28.
= 1& !$ ( & $ 0 " ( :;< %8! 42b
8' ( & "%(%' "!$%1 8!%$% ' @
, % 18' ( ?%1 !$( %"8 ? ( ' 1 H9D9 5226J9C2 94 68O#2 9#J982 .4
"$!& % %"(!% %80%1 & / / ' 8 ? ( 6 N9D9995D25945.4NN687ON.1249868.252.98#
8 ? ( 8%8%" !$ $ 8$7&%" 8!$ 68.9D28.N9KD28..4C98WR98#9#J982945
' = "!8 & 8! @ 925.66X2598#4.1259756O.O59ONN62b
, % 1 8' ( & "' A " " !0 1 ! H9D9 5226J9C2 952 96962# 9 9689869
"!% 1 8 & 0 = 8!$7'!3 & (7$ ! % 92.9.9D45.6X2#4.O8#25HF^S_`baO5.125
&!1 ,)Y:[\@:!0 ? " "% '!0 3' ?% 94O8.687 N4662 48 N9D9 5226J9C2 952
8 % 1 8' ( & %1" 8" 8 & 0 1 #642#68La689869Z8.5OD28.P2.64849.16
2* $%(!:!% 1 4& $ ] @ M4.2b
Page 195
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972\
^_`abcdccbefgeheijgifk_lg
bjaha_`_jejajgamj
nj_j_jaj_jeoj^ckja ¡¢
ghfjapjagcaecob̀jej̀a ¡¢
_rsttruvwbxyxz{x}~~vrs £¤¥¦¨¦©ª¦«¬®¯°¯¬±
fs_rs rstlx}r}rr_rsttru_x}yx{ ¤«¦¦±«¦¦
byrrsrurzrrskr «¦££¦ ¤£¤¥ ±®
gxrubs rrrsors ¦££¦«£¦±¦
~ g̀_èjkàdckije`ghl`jgjajgfa_jae` ¯ ¢ ¡¡
ij_hkj̀oursrs ¢¡ ¨¤¦
jyx_xr ¦££¦£
!"$%& '29525(98.
) !"$%& *+ $ +%!) ,- '29525 898. 952 6:687 898. O2# 68 .12
%-!" * ) !"/%$!)0,0 %) !" 854#O.648 45O88;499756O.O59854#O2<952
- %"!*$! 1 %+ )"!$!" 0-+/%*") !" 2=82.2#.4>295854#O2945D452.19848282564#<
!$!"2-" 3"$! *04%+ %/$! )0 % 01 98# 19:2 9 52D4.2 6?26144# 49>2687 4# 9
/-$2 - %2!*/04-%) !" - %"!*$! 5 9756O.O59854#O2@2=28.945686#28.9598
"06!*%!$!")02!*/%/+,/0/0"*%7 92\
) !"$%&40*! 0-+/%*" %,$" ZDD9.O52 >29525898. 952 524786E2# 9.4.@
/040/ 4%,)0 *0+,- 0*%)!$%"! !*/% F161486.D968;49.129ODO9.2#4.4998#
4%, )0 /%) *+5 )0 4%4%$5 295687@ 898.687@ 925.66E687 98#
)0 !)!"5)0 0*%+ * "/%4%,$%" O8G?228687HD968.968687 .12 898.9.648 98#
*-/!- *%, / )% 0- /$$ 949.6484968#652.4:25129#4.O8.4.12.6D2
,-40 /-"!$ %,$" 0-+/%*" .12 .522 >24D2 4DD2569; 854#O.6:2 98#
)$ %)07A%,B4%,$0 /04!$2!-$0 /!" 9:969>2945195:2.\I4.9468O#2986.96E2#
")%$*%//%4%,)%2 4%,B4%,*%, >4554F687 4. 98# 4.12519572 68O552# 68
,- $0 2 % /0+!4!- 0- )0 4882.648F6.1.129689868749.12#2:248D28.49
)0-0 4- $ ) !"$%& 40*! 6DD9.O52 >29525 898.\ JO1 986.96E9.648 49
0-+/%*"7C)%$*%//%404)%2 $0 /04!$ >4554F687 4. 292 F128 .12 .522>24D2
40 "+% "0$%" ) + B) + $0*+ 0-+/%*" 4DD2569;854#O.6:298#9:969>2945195:2.\
/%)!$!" %)07 ) !"$%&40*! ZDD9.O52>29525898.95284.9D45.6E2#\
0-+/%*"$%" % $%//%7
) !"$%& 40*! 0-+/%*" ZDD9.O52>29525898.9525296962#.4D9.O52
% 0"*/%&%"/% 02 % $ ) !"$%& >29525 898. F128 .12; 952 4DD2569;
0-+/%*" ) /$ $ %,$" 854#O.6:298#9:969>2945195:2.\Z8728259@98
0-+/%*" )$ %)07K06 ! ! 5 4689D >29525898..9?29>4O.N.4P;295.4
$ ) !"$%&"0*)/3%$ 0 0 *!"3"$! 5291 D9.O56.; 954D .12 .6D2 49 898.687 .12
/0"%$ / )% 0-L$+!/02")0 22#687.4.12962#@F162 95O>>25898..9?2
4%4%$ % 0 )0 "04! !$!" 02 %$ 9>4O.Q.4R;295.45291D9.O56.;\SO795982
0-+/%*"5 /0 -" $ " 0$ >29525898..9?29>4O.9;295.45291D9.O56.;@98#
0 0 *!"3"$!/0"%$ / )%0-M$+! 98>2195:2.2#9>4O..1522D452.6D299.25.12
!$!" )$ 0-+/%*"7 ) !"$%&$04! 686.69195:2.\
0 0 *!"3"$!/0"%$ /$!$+!!$!" )$
0-+/%*"5 )$ %)0/0"%$ $%-"*%
*-%/0$0*+)03*7
) !"$%& 0-+/%*" %6$$/040/ U9.O52>29525898.952.9.2#9.4.@98#952
4%,)0 *0+5 % $%//% 0- 0$ 0 9D45.6E2#O687.12.59671.G682D2.14#4:25.1265
- %/*! !//0* $"/% / &$0" %/ 2.6D9.2#O29O6:249.12856D95;>29525898.
%$ ) !"$%&!$ 40 %"!$%%T 9944FV
_rsW¦±«£
C0*)/3%$ X Y689D
C 0$ X [O>>25
04! L JO795982
Page 196
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268X8#482698987O972Y
[\]^_`a``_bcdbebfgdfch\id
_g^e^\]\gbg^gd^jg
kg\g\g^g\gblg[`hg^
decg^mg^d`^b`l]_gb]g^
\opqqorst_uvuwxuz{|{s}op ¡¢£¥£¦§£¨©ª«¬¬©®
cp~\opopqiuzoz o}o\opqqor\uzvux~ ¡¨££®¨££
_voop}orow~ooph o ¨£ £ ¡ ¡¢ ®«
duor_po~ooplop £ £¨ £®£
{ ]d\]bgh]^a`hfgb]dei]gdg^gdc^\g^b] ¬
fg\eh]glrop~op ¥¡£
gvu~\u~o rop~op £ £ ¥¡£
!"$%&'()!$* +29525,98.-48.68O2#/
0! (1 $2 3$$$ 4 !"$%& % 25%! $6 012955=6879D4O8.49>29525?98.95252@62A2#
42! ! %(% )%" $2 4$ 42 %6$%7 $! 945 6D?965D28. A128 2@28. 45 19872 68
42 !81"2 :; 2;% %"6%"817 65OD.982 68#69.2 .19..1265955=687 @9O2
)! (1 $2 3$$ !;"% $%" 4$62(! !1: D9=84.>29O=524@259>2Y
$2 2(%66%<
0! (1 $2 3$$" 4 2 %6!$! $ 012955=6879D4O8.49986.2D49>29525?98.6
4 !"$%& %12$%" 42;"!: 4 6$ #2524786E2# O?48 #6?4945A128 84 9O.O52
%(246"$!6$6! 1$%" (;% &$ 2484D6 >28296. 952 2F?2.2# 954D 6. O2 45
2" % 6 24 :; %1 4" % #6?49Y G8= 7968 45 4 956687 954D .12
42;;! !4! 42(246:<B2!$!; #2524786.648 49 .12 92. -9O9.2# 9 .12
$! "2 !;% :; $% 8!( % 42;12$% #69925282>2.A228.1282.#6?49?5422#98#
42;"! $2 628!$'%$2$!" 62826 62(%6%1 .12955=6879D4O8.49.1292./6#652.=68O#2#
$ )! (1 16%(42(246 2$ )! (1 68 .12 ?5496.454 49?2564#H=295.12 6.2D 6
$2 3$$:* % 6!"""2 ( (8 !;%4 #2524786E2#Y
42 % 2C$1! 42;12$% 42;"! $2 628!$
%("!"<
I ! &$ 62$ 2$ 2 42:!6!$ 01292.O29O6@298##2?5269.648D2.14#952
%25(!6% 62$%4 "1% $1! 42(4 52@62A2# 9..12 28# 49291 52?45.687 =29598#
%626!%"623 4 642"$%&)%" %4 ;42 (!< 9#JO.2#?54?2.6@2=6982295=Y
K2842 2(%1 $ 4 !"$%& %828" M?N22?98#D968.289824.49>29525?98.952
4 (8 !;% 4 6$ $2 ) %:< K28 .9N28.4.12?5496.454A128.12=95268O552#Y
42 !; 42 81 ( )! (1826 012 4.49D9J455284@9.648 98# 52.459.648 6
%"4%$(%66%"24 )! (1$2 3$$62$$2 "%$8%( 68O#2#68.12955=6879D4O8.49.12529.2#92.
826 "2 !;"% 8;%L !4 &$2" % A1286.6?54>9>2.19.9O.O522484D6>28296.68
6 24 2) %(28%1826 %6$ "%2 ) 2F2 49.12 4567689= 922# .98#95# 49
7(:; %$2$4"6282(! : %6!6!$" ?25945D98249.122F6.68792.A694A.4.12
624);6%6 6 &$62$$2 "%$< P54O?98#6#2?5269.2#4@25.1252D968687O29O
69249.12529.2#92.Y
Q62$2$4R%: S.125T6F2#G2.
Q62$$2$4 4 7(: %"!%62826 8%: T6F2#92.952686.69=524786E2#9.4.WA161
42 (21U:;$2 % %$61 ;42 (21 4D?562.1265?O5192?56298#98=4.#652.=
8%:V8%: $ 81 :; 4$ %$ %8!6%" 9..56>O.9>268>5687687.1292..4.1265A45N687
(;6!; !$!" 2 87 62$"2 " %6% 48#6.648 98# .4 .12 49.648 A1252 .12= 952
( "6%:; %%;%"; 62$6%4 %;!"< 68.28#2#.4>2O2#Y012P54O?9468O#2686.69
L !4 )!; 2;"!%628;%8;% %8%: 2.6D9.64849.124.49#6D98.68798#52D4@687
42 (21 62$$2$4 26$% 6%7($6 8%: .126.2D98#52.45687.126.248A1616.649.2#
42 8 ;" 42 % 1 62$$2$4 98#.124.4952?9687?95.49O196F2#92.
26$ 6%( "6%62$ 8%: !$!" 2;;$% A128.124.668O552#W69.12524786.64856.2569
" 4 2 %62$$2$44 6$42;;$% 952D2.Y
)%"" %$2 %42;"!$2 42!1%<
Page 197
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972c
efghijkjjilmnlolpqnpmrfsn ¡¢¤ ¢¥¦
iqhohfgfqlqhqnhtq ¤¦¤¥¡
uqfqfqhqfqlvqejrqh ¡§¡¨©¤¡
nomqhwqhnjhljvgiqlgqh ¤¨¤©¤¡¢¡
fyz{{y|}~i }yz ¤ª«¬¯°±²³´µ¶·¶³¸
mzfyzyz{syyyfyz{{y|f «²¸²¡
iyyzy|yyyzry ¡ ²ªª ¢ «ª«¬¥ ¸µ
ny|izyyyzvyz ªª²ª¸
gnfglqrghkjrpqlgnosgqnqhqnmhfqhlg ¶ ¢¢¤¥ ¢¤¡¥¤© ¤¨¨
pqforgqv|yzyz ©¨¡¥¢¤ ¯«
qfy|yzyz ¤ªªª ¯«
!""$ %& "'( ") *.125+6,2#-2./48.68O2#0
1 & 2 "3 4( " 5 &6 6& !" " 26 >O?2@O28..4 686.69524786.648A96,2# 92.A
7!"$ 4 " 7 8! $ :;&2 " 7!4(: "3! 2,2B.98#A95295562#9.4.298CO?2@O28.
4(<(& ! "$(( " 7 " 4:(3! " "(:(" " 9ODO9.2##2B5269.64898#6DB965D28.42A69
"!& !6'!4 7 = 98Cc
E"$(( " ( <;: ! ! 7!<(& ! 7 H2B5269.648459D45.6I9.648499892..95.J128
:8( ! (" (47!3(" 4 "( !< 4(7 6.69K969?2945O298#64DBO.2#O687.12
"33(" ""$ 7 "7!2! ("37"3 "<"33(" 4 " .59671.L682D2.14#?92#48.122.6D9.2#O29O
< ;7 3 :! &(:( 8:7 :4 " !< !< 6K249.1292.9944JM
< "F 4;";<! 8 3 !8:!4( G
fyzN¸²ª
1 : " 7 " : : " " 2 PQRP S98#6DB54K2D28.
T "3(" "6 :(4 (:7 " "3<8 "3 " VO6#687A.5O.O5298#
8 "3(" " QU 6DB54K2D28.
W!"7 " : & " QRP X916825C98#2@O6BD28.
& Q & : " ;: ! QU 0598B45.9.6482@O6BD28.
E: 8; "7 " : & "4 " ;: RQYP +O586.O52A96,.O5298#499622@O6BD28.
E"3<8 "3 " $ "37!5 QU S29214#6DB54K2D28.
[ &;" R \948
E"!& ! " "!& ! :] 7!& 4(4 "'!4 01296,2#92.95252K62J2#9456DB965D28.J128
:' 7! :! !5 ( :(8 2 " 4 7 " $ "3 2K28.45198726865OD.98268#69.2.19.
<"3!"7!4 !4 "8 25 "!& ! :] <("34!" .1265955C6879D4O8.D9C84.?29OC524K259?2c
!7 47 : (&!24 "&(:(2"$ =
^!& ! :] 4;< ;"" 7 :!( ( 012955C6879D4O8.49986.2D 4996,2#92.6
7!2" !4 " "3 4( ""$ 7 7!& 4 " #2524786I2# OB48 #6B4945J128 84 9O.O52
( (7 2 !7 4 7 & 3!< "F 4;";<! 2484D6 ?28296. 952 2,B2.2# 954D 6.O2 45
< 7 "$ "37!2 : 4 "7 :! "33(" " ( #6B49c -8C 7968 45 42 956687 48
& ""$ =_(" ("3 " ( 4:(3! " $ "3 #2524786.648 49 .12 92. /9O9.2# 9 .12
!<8(& 7 :! "32" ! " "3 4( " :8( #69925282?2.J228.1282.#6B49B5422#98#
%7! " (4 " 8 : &!!2 " : '(<& 2 2 !& .12955C6879D4O8.49.1292.06#652.C68O#2#
& "" ;7 ""!& ! :] "$ )7!< (44 " 68B5496.454J128.126.2D6#2524786I2#c
4 7 & < & 8 :(3! 7 "32" ! "
"3 4( " :8( 7!& 4(4 "=
^!& ! :!7( 6 (<(: < "F 7 " < ;7 012 92.a 526#O9K9O2A O29O6K2 98#
"$(( " ( <;: ! !7!` &( ! ! 42!: #2B5269.648459D45.6I9.648D2.14#95252K62J2#9.
2(" 7 " 7!( !4 " ] : :; 4 !F '!4 291 C295 28# 98# 9#bO.2# B54B2.6K2CA 69
7! :&(4 "= 82295Cc
Page 198
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
nopqrstssruvwuxuyzwyv{o|w ¢£¤¥¦¥¥¤§¨©§ª§«©«¨® ¯©
rzqxqopozuzqzwq}z £¤¢§§¨¯§¢¤¢®¢ª§
~zozozqzozuzns{zq £¥ ª§ ¥ °ª±¥£§¥²¢¤ ª¤
wxvzqzqwsqusprzupzq ¦¢££±¢²§ ª«ª£ §
o r ³´µ¤¶¸¶¹º¶»¼½¾¿À¿¼Á
vo|o o ¦´»¶¶Á»¶ª¶
r{ ª »¶³³¶ « ´³´µ® Á¾
wr ¨¶³³¥¶»³¶§Á¶
pwopuz{pqts{yzupwx|pzwzqzwvqozqup ¿ §¨««® ¥¦ « ª®¢² ±±¥¨£ ¢£
yzox{pz ¥²¢±¢ª§¢£¦¥®« ¢¥£ ¸´¶
zo ¦ ¶³³¶³ ¸´¶
!""$ %& "'( ") *.125+6,2#-2./48.68O2#0
" 1 2!"$ 3 " 4 54! $ 56&1 " 2 " A98#6.9.2# 9.4.98#84.9D45.6B2#9.12
!2 32! 765 ! !3 5" 7 " '7"45 "2 D98972D28.649.124C68648.19.6.6C54E9E2.19.
4 18 37(":3!" "4 51 3 " 1 54( .12.6.249.1298#5671.98E25282F2#G2,.28#2#
2 2! 54 5(!;2! 5 "' ": 2 ' (1 OC48 2,C659.648H2,2C.945 25.968 98# 5671.
7 6<3=( &!1 3 " 1 5 " (2! 765 ! ! 9D45.6B2#4I25.12C2564#49JKL295e
& 7 >? 1("@
M! $ ":(5( " &: &1 3 " 1 2 & 7 A2794.4998#5671.68.12 945D 49U671..4
4" (3 N 3 P(" Q 1 %NPQ)< N 3 P(" VO.6I9.2/WX9Y[O89\919]45X[\0HU671..4^O6#
M ":(" "%NPM)2 "N 3R 3 !%NR)3 !3 " 1 /WX9Y[O89^987O898]45X[^098#U671..4\2
2! 56&1 5 7 3 &!2! 3(!4 : !4 :! "2 5! /WX9Y _9Y96]45X_0F128 .12 98# 5671. F252
4! $ 56&1 " " 1 2 3("S T2 " 9`O652#686.69L952524786B2#9C95.49.124.49
!2 32! 765 ! !@ .1298#O8#25.12W+6,2#-2.]94O8.98#952
84.9D45.6B2#e
2 & 7 74 ":(" "2!"$ 3 "4 5 V48.5O.64868C54752952.9.2#9.4.eV4.
4! $ 56&1 "@ M! $ 56&1 " 57 (3 68O#2 9C6.96B2# 68.252. 19572 98#
3 ! &! !44 "4(": 2 "& 4 ;5(:!&!!13(5< 7968G42 48 9452678 2,19872H 69 98LH 48
'!3 2 < !"' 7 " 2 " 4! $ & !""$ $ ": E4554F68798#4.1254.68O552#.4968982.12
5' 2!1(4(": "2": " 74! $ " 96#92.48.5O.64898#G4568.99.648/d4.2fH
2 & 7 74 ":(" " 2 "; ( 74 ":(" " W^4554F687V4.]0e0129ODO9.2#4.F6E2
54( %a "b<SM! $ R!"' 7 "T)@3(7(& ! 5296962#.4.129CC54C569.296,2#92.94O8.
4! $ 56&1 " 3 "2!53& !c!3 !3 F128 .12 48.5O.648 98#G45 68.99.648 952
$ ": 45 ":3( " 2 74 ":(" " 4DC2.2#98#.1292.6529#L9456.68.28#2#
2 "; (!" & !& !2 " 54( & 1 O2eV48.5O.64868C5475295284.#2C5269.2#
! (" (3 2! 5:(" 3 "@ 2 & 7 9.12295284.L2.9I969E2945O2e
74 ":(" " !2 3 2!(( 3 " 3 5" 4&(7
52! (" (32!:(" 3 "@
M4 " 7&!1 5 " 2 " 54 !3 " 2!44 "3 " U2C96598#D968.289822,C282952.9Y28.4
2 & 4 5(:! 2 5' 2!"$ @ M4 " C5496.454F128.12295268O552#e0124.49
7(: 5 "2 " " 74 1 "2 & 7 '(7& 14 5 D9g455284I9.64898#52.459.648668O#2#68.12
2!3 ! &! !3 2 "!& ! 5= 53 ! 955L6879D4O8.49.12529.2#96,2#92.F1286.6
4!& 4 537(":3!" "4 :!P5( 7 "c 36"67! C54E9E2.19.9O.O522484D6E28296.682,249
7 2 "7"' 2!&4!14 52 5! "2 53!"5' .124567689L922#.98#95#49C25945D98249
8 &$ ":2! 3 "4&(7"$ 2 "2!(( 3 " .12 2,6.687 92.F694F .4 .12 [54OC 98# 6
"' ":! 7 7 "c 53 ! <'!3 #2C5269.2# 4I25.12 52D968687 O29O692 49.12
2 @ 529.2#92.H6998Le
nhpi ¢j¶³¹¶»´ ¶»k
R56 5 !!"l ! 52!5!2 5! " 1 $ ": 2!3( ! Z8I2.D28. C54C25.L 486. 49 98# 12# EL
P5( !"!$ ": "::(" ""$ 2!7 2 " .12[54OC9459O5528.LO8#2.25D682#9O.O52O2e
4&(72! " (3 "@R": 3( " 8 & 56 5 !!"l ! Z86.69524786.6484968I2.D28.C54C25.L6.9.2#9.
2!"$ 3 " 4 5 4! $ 56&1 " 57 (3 4.H 68O#687 2,C28#6.O52 .19. 6 #652.L
":&( 5 " $ ": 2 2! 5!4(!3 " = 5 9..56EO.9E2 .4 9`O66.648 49 .12 68I2.D28.
& ":(":(" (3 56&1 " 56 5 !!"l !@ C54C25.Le
Page 199
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972b
defghijiihklmknkopmolqerm ¡£¡¤¥
hpgngefepkpgpmgsp £¥£¤
tpepepgpepkupdiqpg ¦ §¨£
mnlpgvpgmigkiufhpkfpg £§£¨£ ¡
exyzzx{|}h~~~ |xy £©ª«¬®¬¯°¬±²³´µ¶µ²·
lyexyxyzr~xxxexyzzx{e~~ ª±¬¬·±¬ ¬
hxxyx{xxxyqx ±¬©©¬ ¡ ª©ª«¤ ·´
m~x{hyxxxyuxy ¬©©¬±©¬·¬
fmefkpqfgjiqopkfmnrfpmpgpmlgepgkf µ ¡¡£¤ ¡£ ¤£¨ £§§
openqfpu{xyxy ¨§¤¡£ ®ª¬
d~fy~x{xyxy ¬©¯¬±ª ¬± ®ª¬
!" $ %&!'(!% !)!*$+,$ + --%/ 0 !0-1-('(+ 8O:2;O28. .4 686.69 524786.648< 68=2.D28.
2 +1!0!+'!% 2-!3! $ +, "!% 1-'(+!%&- +(&- >54>25.? 6 O:2;O28.?D29O52# 9.4.2
$ %(+(%!% %-!-* 4-'! !1!5 6-!- )!4!+ $+,$ + - 6D>965D28. 42< 69 98?b @965 =9O2 49 .12
-%/ 0 !0-1- % ('!%2 +1!0!+'!%!7(!%"!+&!$!0!+ 68=2.D28.>54>25.?6#2.25D682#A6.152925282.4
(% ('$+,$ + -0 4 %-05 D95B2.=9O2945.129D2.?>249>54>25.?b
C+,$ + --%/ 0 !0-1-" % -'!% $ %&!'(!%%3! $!1! Z8=2.D28.>54>25.?6#2524786K2#26.125A1286.
0!! E 19L
-F$ $!0!%! !(' -'!$+,$ + --%/ 0 !0- +0 2( 6M:228#6>42#4945A128.1268=2.D28.>54>25.?
-1!'1-&(%!'!%!&-0 7!+!$ +G!% %H! !( 6>25D9828.?A6.1#59A8954DO2N45
--F -1!'G G--'-G!%I!! ',%,G-01-G!0!1 $!% 66M849O.O52:28296.62P>2.2#954D6.#6>49N45
3!%&1!$! 1-"!+!$'!%$!1!0!! $ $!0!%%3!H
! !(
---F"!%3!4-'! +1!$! $ +(2!"!%$ %&&(%!!%3!%& 666M48?A128<.1252691987268O29454>259.6489
1- (4('!%(% (',$ +!0-,%! 1!%1-' 7(!-'!%1!+- >O5>4298#2P2>.2#954D68=2.D28.>54>25.?
1 I-%-0-$+,$ + --%/ 0 !0-5J!2! ! !( +(&-3!%& #29686.648b Q8? 7968 45 42 48 .12
-G2( 1!+- $ %&" % -!% $ %&!'(!% ! !( #2524786.648 45 #6>49 49 98 68=2.D28.
$ $!0!% $+,$ + --%/ 0 !0-*4-'! !1!* 1-!'(- >54>25.?952524786K2#68.12>5496.45448.12
1!!G !2!+(&-$!1!0!! +4!1-%3!$ %&" % -!% #9.249#2524786.64845#6>49b
! !($ $!0!% +0 2( 5
d~yyxyg{xp~gyRm~xyzxy ¯ ·±¯¬ª«ªS·®· £©©¬©
C!1! 0 -!$ !'"-+ !"(% $ !$,+!%*T+($G %-!- 012W54O>9229.291988O952>45.687?295
!$!'!" +1!$! -%1-'!0-0(! ( !0 G %&!!G- A12.125.125269868#69.648.19.9892.D9?:2
$ %(+(%!%%-!-5U-'! +1!$! -%1-'!0- +0 2( ! !( 6D>9652#bZ9O168#69.6482P6.<45A128988O9
$!1!0!! $ %&(4-!% !"(%!% +"!1!$$ %(+(%!% 6D>965D28..2.6879459892.X2b7b<9868.9876:2
%-!-!0 V0 $ + -!0 !'2 +)(4(11 %&!%(G(+ 92.A6.1 98 68#29686.2 O29O692<98 68.9876:2
G!%I!! -1!' +2! !0*!0 !' 2 +)(4(1 3!%& 92.84.?2.9=969:2945O2<45744#A69;O652#
2 (G 1!$! 1-&(%!'!%* ! !( 744#A6 3!%& 689:O6824D:689.648M652;O652#<.12W54O>
1-$ +, "1!!G0(! (',G2-%!0-2-0%-0F1-$ +('!%* D9B2 98 2.6D9.2 49.12 92.Y 524=259:2
G!'!T+($G G2(! 0 -G!0-4(G!" +$(-"'!% 9D4O8.b
!0 +0 2( 5
U(G!" +$(-"'!% 3!%& 1- % ('!% (% (' !0 Q892.Y524=259:29D4O8.6.121671254998
-%1-/-1(! !1!!" 4(G!" 3!%& 2-" -%&&-!% !+! 92.Y45^W_Y9965=9O224..4298#6.
%-!-)!4!+!0 ! !( [C\1-'(+!%&-2-!3! (% (' =9O2 68 O298#6#2.25D682#9459868#6=6#O9
G %4(!1 %&!%%-!-$!'!-%3!*' 7(!-!0 +0 2( 92.<O82.12 92.#4284.728259.2 91
-1!'G %&"!0-'!%!+(0'!0G!0('3!%&0 2!&-!% 6894A.19.9529572?68#2>28#28.49.142954D
2 0!+-%1 $ %1 %1!+-!0 ! !(' ,G$,'!0 !-%5 4.12592.45754O>4992.b`1252.12955?687
U-'! %-!- +7! ! !0 2-" 2 0!+1!+-$!1! %-!- 9D4O8.499892.2P22#6.524=259:29D4O8.<
+$(-"'!%%3!* G!'! !0 +0 2( .1292.6486#252#6D>9652#98#6A56..28#4A8
1-$ + -G2!%&'!% G %&!!G-$ %(+(%!% %-!-1!% .4 6.524=259:29D4O8.ba42486D>965D28.
%-!- +7! ! !0 1- (+(%'!% G %4!1-0 2 0!+ 952524786K2#68>5496.454b
4(G!" +$(-"'!%%3!5](&-$ %(+(%!%%-!-1-!'(-
$!1!!2!+(&-5
Page 200
01245676894846#9.2#9689869.9.2D28.68N#2#125268
95268O8#482698987N972P
RSTUVWXWWVYZ[Y\Y]^[]Z_S`[
V^U\USTS^Y^U^[Ua^
b^S^S^U^S^Yc^RW_^U
[\Z^Ud^U[WUYWcTV^YT^U
SfghhfijkVlmlnolqrsrjtfg ¡¢£¤£ ¥
ZguvwSfxvgyfgh`lqfwxzq|ftfSfghhfiSlqmlovu ¥
}Vzmf~zwfgtfifnvuffg_v|zfx ¥¢
[lvfizVzgyfufwfgcfzg ¥
r T[STY^_TUXW_]^YT[\`T^[^U^[ZUS^UYT £
]^S\_T^c}ifg~vufg
RlgvqvgfgUzifz^mluUg[lvfghfg}ifg~vufg ¥¥¥
!"$%&'!" !% %( ) %* +&% +% ,'+) + O8 92687.12<9N268N2=.122.6D9.2#82.
+ - ( !! &/-%-%+)/!&/) !) !% %)%!%- !" ! 9N.N529194>952#64N8.2#.4.1265;5228.
!""'! ) ! &%!") & -%+)/!&/ 0 !" <9N2 N687 9 #64N8.59.2 .19.5292. N5528.
!"" 1 ,) !( !% % !( + ,)%!%- ,%!% %2 )&' D95?2.92D28.49.12.6D2<9N249D482@98#
' !" - ! ,%+%)/ +( +%3%) & + +&4 .1256?;2696.4.1292.PO8#2.25D686879965
! !&') ! !% % 2 5 , -%)', !"% 1% 0 '!&') <9N224..42=5228.D95?2..5989.648
!5' * -%"'! ) ! $ ," ( ! 2 , ! ( + , 952 .9?28 68.4 94N8.=699<969A2PO984 N1
&, )$%,*5%) &,+-% 46%) &%- )&,- ( &&, !+ )+% .5989.648 98 A2 6#28.6962#= 98 9;;54;569.2
&,+1'&*7,'( !""'! ) ! /- ( !% % !0 !" <9N9.648D4#26N2#.4#2.25D682.129965<9N2
++' % '!&') ! !&') ! !% % 2 5 , +&4 49 .12 92.P 0122 9N9.648 4N# A2
8 ,$%&'!" !:( ,$%&'!" ! %!%- ( &-%-')'!" / $ 4554A459.2# A@ <9N9.648 DN.6;2 45 4.125
( !% % !DN.6;2 & ' %!-%) &/,!% %2 5 ,0 !" 9<969A29965<9N268#69.45P
&,+-% 4
B ,'"% !( !','! !!% %*5%) - *-% )'%+1 " % OD;965D28.42=6998@=952524786C2#68;5496.45
1 & ','"%++' %- !" !) &"/,%1 1 !0 !" 4N8#252E;2829.274562.19.952486.28.
)/!+%+&!- !" !3'!"+%- ,% +&0 !"-%&','!) ! >6.1.129N8.64849.126D;9652#92.P
!% %!0 4
F!&') +&+ %!744#>6*( !% % !-% )') !( - H4592.2EN#687744#>6=9892D28.6
)$%,+&% ( & !"" ( (/, ! ( ) $ &,- ( & D9#29.29152;45.687#9.29.4>12.125.12526
%!-%) +%1 $2 ,'"%( !','! ! !% %0 !" & $ 98@ 68#69.648 .19. ;52<64N@ 524786C2#
-% )'%- & $'!+1 ' !0 '!")%!&%- ) - 6D;965D28.42D9@84487252E6.45D9@19<2
"% & ' '!")%! & $ !','!46%) %!-%) +% #25292#PO9N168#69.6482E6.=.1292.I45
-% )+'- -%& ') !* ) !&%& + !" +&% +% JKLI 524<259A2 9D4N8. 6 2.6D9.2#P
5' $ &,(' %$) ! +& & ' F8B &,+1'&4 M ;52<64N@ 524786C2# 6D;965D28.4 94598
B ,'"% !( !','! !!% %0 !"& $-% )'%- 92.4.125.198744#>6652<252#48@69.1252
& $'! +1 ' !0 '!&') +& + %! 744#>6 19A2289 19872 68.12 9ND;.648N2# .4
-%(' %$) ! $ !0 5%) &,- ( & ( ,'1 $ ! #2.25D682.1292.I524<259A29D4N8.682.12
+' +%: +' +%0 !"-%"'! ) !'!&') ! !&') ! 9.6D;965D28.4>9524786C2#PO9.19.6.12
5' $ &,(' %$) ! +& &,+1'& +5 ) ,'"% 92=.12955@6879D4N8.49.1292.6685292#
( !','! !!% %&, )$%,-% )'%4 $ %!%*!% % .46.524<259A29D4N8.P01252<25966D6.2#4
&,G & & +&-%! %)) !) 5' $&,(' %$) !!0 4 .19..12955@6879D4N8.49.1292.#4284.
8 ' %$ !&,+1'&-%1 & +%+$%!"" !% %&,G & & 2E22# 6. 524<259A2 9D4N8.8452E22# .12
+&&%- ) 1%$%5' $&,(' %$) !!0 '('! 955@6879D4N8..19.>4N#19<2A228#2.25D682#=
!% %&,G & &*! &/+& $( !0'+'& !*+ !- %!0 82.49#2;5269.648=19#846D;965D28.4A228
&%- ) - ,'"%( !','! ! !% %0 !" & $ -% )'% 524786C2#945.1292.68;5645@295P
'!&') +&&,+ 1'&( - & $'!+1 ' !0 4
Page 201
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972[
]^_`abcbbadefdgdhifhej^kf
ai`g`^_^idi`if`li
mi^i^i`i^idni]bji` ¡
fgei`oi`fb`dbn_aid_i` ¡
^qrssqtuvawxwyzw|}~}uqr ¢£¤¥§¥¨©¥ª«¬®¯®«°
er^qrqrskw|q|qq^qrssqt^w|xwz £ª¥¥°ª¥¥
axqqrqtqyqqrjq ª¥¢¢¥ £¢£¤ °
fwqtarqqqrnqr ¥¢¢¥ª¢¥°¥
} _f^_dij_`cbjhid_fgk_ifi`ife`^i`d_ ® ¡
hi^gj_intqrqr ¡ §£¥
]wr|rqr`tq ixw`rfwqrsqrtqrqr ¨ °ª¨¥£¤£¤°§° ¢¢¥¢ §£¥
!"#%& '!( % & %#%%!#!)!#* !)## #+# 7282594998 6D:965D28.46524786;2$68
#,# & '!-/ , #"( !"#%, &0 + ,1( %2 0 ,#% :5496.454[<9.25O19528259=.12$2:5269.648
#0 ,, &0 + ,)!0 0 #!*#% )!( &!3) %)#,#%' 1957248.1296$92.69$>O.2$689O.O52:2564$
%, * %'#3*#0!*#% %!#!, &4#,#, #0 , 2#%' .4949.2.1292.?52862$955@6879D4O8.=2
)!& 5!0!1)!* &#%'!%!#!0!0#%2#1) %'#%)#0#&2#%' 98@526$O989O2=489@.2D9.6A9648256.
0!0, #,!00 # #0!0# & #%6##,%2#- 52D968687O29O692[
B44$C6)! E! %, *( % & %#%%!#!0 ,!#(,#" % B44$C66 .2.2$ 9456D:965D28.988O9@ 98$
)#% * ,!*# , &)#(#,0 #, !%)!*#0!+#"F# %!#! C128 65OD.982 68$69.2 .19..12 955@687
, &4#,#,%2# %'*!% %'## !( % & %#% %!#!- 9D4O8.D9@A26D:9652$[ZD:965D28.6$2.25D682$
% & %#% %!#! 744$C6 )!, ,#(*#% ) %'#% 945744$C6A@92687.125248259A29D4O8.49
% %, *#% %!#! , &( !"*#% ,!#( G H I#,# 291MBNP45754O:49MBNQ.4C161.12744$C6
* 3 (3* G HJ 2#%' , &*#!, ) %'#% 744$C6 529.2[R1252.125248259A29D4O8.49.12MBN
, &0 + ,-K!*#E #", &( !"*#%G H* &#%')#&! 62.1986.955@6879D4O8.=986D:965D28.4
%!#!, &4#,#,%2#1& '!( % & %#%%!#!)!#* !-L '! 6 524786;2$[ ZD:965D28. 42 529.687 .4
( % & %#% %!#! , &*#!, 744$C6 ,!)#* )#(#, 744$C69884.A2528252$689O.O52@295[
)!( !"*#%(#)#,#" %+ &!* ,%2#-
ixw^qkw|S °T©¥¢¢¥¢
U0 ,,#*+ &F E ))! * &0 + 0#&%!#!( &3 "#% Z8.9876A292.6D29O52$48686.69524786.648
(#)# ( %'#* #% #F#-V!#!( &3 "#% #0 ,,#* 9.4.[0124.4968.9876A292.9WO652$954D
+ &F E )2#%')!( &3 ")#&!*3 +!%#0!+!0%!0(#)# AO6824DA689.6486686.69@524786;2$9.9965
#F#%2# )!#* !0 0 #!%!#!F#E#&(#)# ,#%''# 89O299..12$9.2499WO66.648[012O29O69249
#* !0!0!-G & #%6##,#0 ,,#*+ &F E ) )!%!#! 68.9876A292.952922$.4A226.1259686.245
#(#*#", &+#,#0#,# ,!)#*, &+#,#0- 68$29686.2[
U0 ,,#*+ &F E )) %'#% & #%6##,, &+#,#0 Z8.9876A292.C6.19686.2O29O692
/ , #"( %'#* #%#F#1#0 ,,#*+ &F E )) %'#% X44C687686.69524786.648=68.9876A292.C6.1
& #%6##,, &+#,#0)!4#,#,(#)#%!#!( &3 "#% 9686.2 O29O692 952 95562$ 9.4.2 98@
)!* &#%'!#* #0!# 3&,!0#0!)#%#* #0!& '! 9ODO9.2$ 9D45.6;9.648 98$ 9ODO9.2$
( % & %#%%!#!1E!*##)#-U0 ,,#*+ &F E )) %'#% 6D:965D28.4=6998@[Z8.9876A292.C6.19686.2
& #%6##,, &+#,#0)!# 3&,!0#0!0 # # & 6929529D45.6;2$4825.122484D6O29O69298$
#%6##, *3%3 !)#%)! 5# #0!#(#+!#, &)#(#, 922$ 9456D:965D28.C1282825.1252 6 98
!%)!*#,3& #)#%2# ( % & %#% %!#!- &!3) )#% 68$69.648.19..1268.9876A292.D9@A26D:9652$[
,3) # 3&,!0#0! %, *#0 ,,#*+ &F E )) %'#% 012 9D45.6;9.648 :2564$ 98$ .12 9D45.6;9.648
& #%6##,, &+#,#0)!, ##"0 ,!)#*%2#0 ,!#( D2.14$9459868.9876A292.C6.199686.2O29O692
#*"!&,#" %, , (+ * - 95252862C2$9.29.9.2919689869@29528$[
U0 ,,#*+ &F E )) %'#% &,!)#*, &+#,#0 Z8.9876A292.C6.168$29686.2O29O692
/ , #"( %'#* #%#F#1#0 ,,#*+ &F E )) %'#% X44C687686.69524786.648=68.9876A292.C6.1
&,!)#*, &+#,#0 )!4#,#,(#)# %!#!( &3 "#% 68$29686.2 O29O692 952 95562$ 9.4.298@
)!* &#%'!#* #0!& '!( % & %#%%!#!-U0 ,,#* 9ODO9.2$6D:965D28.4-Z8.9876A292.C6.1
+ &F E ) ) %'#% & ,!)#* , &+#,#0 ,!)#* 68$29686.269295284.9D45.6;2$[012O29O6924998
)!# 3&,!0#0!-Y#0# #%6##, #0 ,,#* + &F E ) 68.9876A2 92.C6.1 98 68$29686.2 O29O692 6
) %'#% &,!)#*, &+#,#0)!,!%E# 0 ,!#( ,#" % 52862C2$988O9@.4$2.25D682C12.125.12O29O
%, * % %, *#% #(#*#" #0# #%6##, #0!" 69292D28.48.68O2.4A2O::45.9A2[Z984.=
%) * %'-K!*#,!)#*1( & +#"#% #0# #%6##, .121987268O29O692954D 68$29686.2.49686.26
)#&!,!)#* , &+#,#0 %E#)!, &+#,#0 )!, &#(*#% 9::62$489:54:2.682A96[
0 4#&#(&30( *,!6-
Page 202
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268S8#482698987O972T
VWXYZ[\[[Z]^_]`]ab_a^cWd_
ZbY`YWXWb]bYb_Yeb
fbWbWbYbWb]gbV[cbY
_`^bYhbY_[Y][gXZb]XbY
WjklljmnoZpqprspuvwvnxjk ¡¢£¤¥¦§¨§¤©
^kyz{Wj|zk}jkldpuj{|~ujxjWjklljmWpuqpszy £©£
Z~qj~{jkxjmjrzyjjkcz~j| £ ©¦
_p zjm~Z~k}jyj{jkgj~k £©
v X_WX]bcXY\[cab]X_`dXb_bYb_^YWbY]X §
abW`cXbgmjkzyjk
bqpyWj{dpuzzxmjkzyjk ©¢
! "$%&%' ' () ( %*%" +' "! S8.987602 92. 16.1 68#29686.2 O29O 692
,- (&% (/ 248.68O2#3
! "$%&%'' () (%*%" +' "! '+%&+ S8.987602 92. 16.1 68#29686.2 692 6.2.2# 945
%( % 4 (%"%( ( (+- + + 4 5%( ' ( + 6D:965D28. 988O9; 98# 1128 65OD.982
"' 4 % % +('+ +! 5$ (+- + "6 (7 68#69.2.19..12955;6879D4O8.D9;026D:9652#T
*%() +(* () - *+4 (%"%( ((+- +8
]pj ©
<"%4 * () = -% + 4 ' +( 4 + >( " !+- 012B54O:9229.48.59.682:.648112.1259
>( " " !% ' - 5? %* () ('%()? $ 8 48.59.6C4548.968C9 292T019.6C69.12
@ + %?!+- >( " " !% * *! "+ (5 %( % 48.59.48E2;.125671..448.54.12O24998
* () (' -+ ( 4 ())%( ( +' ( +A+ + ( 6#28.6962#92.9459:2564#49.6D2682F19872945
- * % % & () $ % %( % '+4 " % " ( 486#259.648T
' () (+*! - (8
<"%4 ! ) +G (7 $ 012B54O:9H222
<"%4 * ( " 4 ( 4 (' ( 4 () % ( ' ( 012 B54O: 9::62 9 6872 524786.648 98#
4 ()%%" ( %()) -%( % *% $ ? 6% -+ D29O52D28.9::54919459292C2F2:.945
%( % $ & () 4 (' ' ( $ ! "(+- + 145.I.25D 29298#2924941IE9O292.T
" (' 58 <"%4 * () %+ -+ !+-+ $ %( % 012B54O:524786J229269066.62.4D9K2292
* - % (4 *! 7 " ( $ ' ( 5 )%( :9;D28.98#5671.49O292.52:5228.687.12
7 ()* $ +-+5 %( % * ())%( ( 7 () 5671..4O2.12O8#25;68792.T
* (' "+(7 8
5 L)%( M671.49O292.
<"%4 * () %+ 5 )%( 4 ' ()) - 012B54O:524786J25671.49O292.9..12
4 "*%- ( $ , ()) - ' " " '+ %( % 4DD282D28.#9.2 49.12 292 2.12 #9.2 .12
'+)%( (/8 5 )%( '+%%" 4 ' !+ 7 O8#25;68792.69E96902945O23TM671.49O2
4 ">- 5 (?'+%" ()+ %*%- +4 (7% % (' ("%)+ 92.952D29O52#9.4.C298;9ODO9.2#
4 (%"%( ( (+- +? ' ( '+ % + ( %( % + 4 #2:5269.64898#6D:965D28.42C98#9#PO.2#
4 ()%%" ( *! -+ -+ !+-+ $ 8 N+ 7 94598;52D29O52D28.4929269066.62T0124.
4 ">- 5 ( 5 )%( "* % &%*- 5-+ !+-+ 495671.49O292.68O#2.129D4O8.49292
$ 7 () '+ %+? !+ 7 - () %() $ -7 () 69066.62524786J2#C686.69#652.4. 68O552#C
'+ -% " (?' (4 *! 7 " ( $ 7 ()'+- % ( 98# 292 :9;D28. D9#2 9. 45 029452 .12
4 ' % ! -%* ()) -*%- +'+%" ()++( ( +A 4DD282D28.#9.2 2 98; 292 6828.6E2
$ 7 () '+ "+* 8 5 )%( '+ % % ( 5226E2#TM671.49O292.952#2:5269.2#489
' () (* >' ) "+ -%"% - * * $ 8 .59671.I6820964E25.12292.25DT
Q+ !+-+ $ H29269066.62
G ' ()) -4 "*%- ( $ ?<"%4 * () %+ R..124DD282D28.#9.249.12292C.12B54O:
-+ !+-+ $ 7 () '+%%" 4 ' (+- + +(+ 524786J229269066.62D29O52#9..12:5228.
4 *! 7 " ( $ 7 () 5 "% '+- % ( - * E9O249292:9;D28..402D9#24E25.12292
* $ 8 .25DT
Page 203
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268S8#482698987O972T
VWXYZ[\[[Z]^_]`]ab_a^cWd_
ZbY`YWXWb]bYb_Yeb
fbWbWbYbWb]gbV[cbY
_`^bYhbY_[Y][gXZb]XbY
WjklljmnoZpqprspuvwvnxjk ¡¢£¤¥¦§¨§¤©
^kyz{Wj|zk}jkldpuj{|~ujxjWjklljmWpuqpszy £©£
Z~qj~{jkxjmjrzyjjkcz~j| £ ©¦
_p zjm~Z~k}jyj{jkgj~k £©
v X_WX]bcXY\[cab]X_`dXb_bYb_^YWbY]X §
abW`cXbgmjkzyjk
]pjmjkzyjk ©
!" $ %&' %( )29269*66.62+48.68O2#,
-!/ 0 1 % !" &'2 /!%3 4'5 6 12 012292?9@D28.9468O#2.122A2562?562
5! 4 % %7 1855!/ ! %0 %2 !3 1 " & 1 499 ?O5192 4?.648 529489*@ 25.968 .4 *2
5 4 %7 4 % 4 %8 !6:1'57 %5!/ 0 1 % 2A2562#*@.12B54O?98#?9@D28.49?289.62
7!%7 '% '45!%26!% % !" ;&4 / !" 945.25D689.687.12292C69.12292.25D5292.
/!%3!1/%4 %5! 4 % %85'% '4/!%2 461< 2A256687.124?.648.4.25D689.2TE9569*2292
-!/ 0 1 % !" =9569*20 %2 7 4 !12 % '%2 ?9@D28..19.#484.#2?28#489868#2A45959.2
5 7 %7!4 ' 1>7 4' ! 2 ! %5 7 952524786F2#92A?28268.12?2564#68G161
5!187! !1& 7%0 5!1 " ' 48%70 %2 .12 2=28.4548#6.648 .19..567725.12 ?9@D28.
/!/3' !1& 7%0 5!/ 0 1 % !1! ' < 4O5T
H //!%26 '%2% 4%7 15!/ 0 1 % !" ; S89O9.687.12?5228.=9O249292?9@D28.C
:1'5/!%22'% 4 % %24 5%& / % / 6 %5 7 .12B54O?O26.6852D28.9*4554G68759.29..12
%22 7/' %0 !" 4 1!% %24 '%2 0 %2 292 4DD282D28.#9.2 *29O2 .12 68.252.
!11 7 / !" 7 47 5 7 !% '4 %7!%2 % 59.26D?66.68.12292684.529#6@#2.25D689*2T
/'7 6<I! ! 6 %22 7/' %0 ;&'/ 6 J9.25.124DD282D28.#9.2C.129D4O8.49292
!" 7 %24 4 % '% '4 /!%3!1/%4 % 69*66.62 6 685292# .4 5292..12 952.648 49
5!1 / 6 % '%2 7 % 74'1 %2 '% '4 68.252.98#52#O2#945.12292?9@D28.D9#2T
5!/ 0 1 % !" 0 %27 4'4 %<I! % ';% S89##6.648C.12955@6879D4O8.4929269*66.626
!13 !" 7'4'1 4!/ &4 7 52D29O52#69.125269D4#6969.648C91987268
/87>4 ; 5!1' 6 % & %24 " 4 ' !" ; .12292.25DC91987268.12292?9@D28.
5!1' 6 %5!/ 0 1 % !" $/ %0 ;5!1' 6 % +2T7TC19872.49O.O52?9@D28.52O.687954D 9
5!/ 0 1 % / 7!5 % 0 %2 76 4 % 7 1 19872689868#2A4559.2O2#.4#2.25D682O1
5!1' 6 %%7!4 '4'1 0 %272'% 4 %'% '4 292?9@D28.,4591987268.1292D28.49
/!%!% '4 % 5!/ 0 1 % !" ( ' 5!1' 6 % 984?.648.4?O5192.12O8#25@68792.T
7 / 5!% % 85'% '4 /!/ ! ! 0 %2
/!%7 1%0 <
:1'5/!%!1 54 %5!%2!3' %5!%2 4' % !" 012B54O?9??62.12145.M.25D292524786.648
& %24 5!%7!4'% '4 !" & %24 5!%7!4%0 $0 '; 2A2D?.648.46.145.M.25D292+6T2TC.142292
!" 0 %2/!/ 4& %24 " 4 ' !" KL ' % .19.19=29292.25D49NPD48.1452954D.12
' 4'1 %2 7 1 %22 5!1/' % 7 % 7 4 4DD282D28.#9.298##484.48.9689?O5192
/!/ 4855!/ ! %(<:1'5&'2 /!%!1 54 % 4?.648,T012 B54O? 94 9??62 .12 292 49
5!%2!3' %5!%2 4' % !" ! !1% 1!%7 6 4GM=9O292.524786.6482A2D?.648.4292
'% '4 !" 0 %2 7 %22 5 !1% 1!%7 6< .19. 952 486#252# .4 *2 4G =9O2T )292
-!/ 0 1 % !" '% '4 !" & %24 5!%7!47 % ?9@D28. 48 145.M.25D 292 98# 292 49
!" 7 1 ! 5!%7 1 !1% 1!%7 6 7 4' 4GM=9O2 O8#25@687 92. 952 524786F2# 9
! 2 ! %7!%2 %/! 87!2 1 '1' ! / 2A?282489.59671.M682*964=25.12292.25DT
/ !" <
:1'5 ! 2 -!!" 012B54O?9)245
I!" 0 %2 7 / 5!%2 '1 %%0 :1'5 7 4 )292 68 G161 .12 B54O? #42 84..598925
/!%2 64 % !3 1 ' % ! '1'61487 % O*.98.69@9.1256R98#52G95#686#28.9.4
/ %> 0 %2 !14 7!%2 %4!5!/ 4 % ' ' ! 4G82516?499892.95296962#94?259.687
74 >4 4 % ! 2 !" 85!1 <-!%7 5 % 292T)292684D2956687694O8.2#945489
!" 0 %2 / ' 73 7!%2 %/! 87!2 1 '1' .59671.M682 *96 4=25.12 292 .25D 98# 6
! / / !" 7 % 7!1 4 % 7 / 68O#2#684.1254?259.687684D268.12?5496.45
5!%26 %85!1 %5 7 1'24 1!% > 4#O2.46.4?259.68789.O52TS86.69#652.4.
85!1 %0 <Q 0 %2'%2 " 0 %2 / ' 7 / 68O552#688274.69.68798#955987687984?259.687
%!28 7 % 5!%2 '1 % !" 85!1 292 952 9##2# .4 .12 955@687 9D4O8.49.12
7 / 64 %4!% !13 7 1 ! !" %7 % 292#92.98#524786F2#4=25.12292.25D48
7 4' ! / / !" 7 10 %2 / .129D2*969292684D2T
7!%2 %5!%7 5 % !" <
Page 204
01245676894846#9.2#9689869.9.2D28.68L#2#125268
95268M8#482698987L972N
PQRSTUVUUTWXYWZW[\Y[X]Q^Y
T\SZSQRQ\W\S\YS_\
`\Q\Q\S\Q\Wa\PU]\S
YZX\Sb\SYUSWUaRT\WR\S
QdeffdghiTjkjlmjopqphrde ¡¢¡£
XestuQdvtewdef^joduvxozdrdQdeffdgQjokjmts £
{Txkd|xuderdgdl}tsdde]tzxdv~ £
YjtdgxTxewdsdudeadxe £
p RYQRW\]RSVU][\WRYZ^R}\Y\S\YXSQ\SWR ¡
[\QZ]R\a{gde|tsde
^xdwdPxe|dlde
!" $"$%&'() * !(' ! 445545687 4. .19.952 #652.6 9..567L.972 .4
"+ ! +%,*+- / + & !' $' + &'$ 98L66.648: 48.5L.648 45 ;54#L.648 49 9
(+$)'*0)( / ) "/") $*(((+&! 8L969668792.:69986:9529;6.96<2#9;95.49.12
&! & +%,*+- (+$$+%(+&'$12+&*) / 4.49.12 529.2# 92.N=.125562:745545687
& * ")'(+&!&+& " 4.952524786<2#92>;282512868L552#N
($$+% "1 $+%"%"%& &' ! 445545687 4. 486.4968.252. 98# 4.125
" & * !"$ !!' !3%' (+-'&' ! 96898687 19572 .19. .12 ?54L; 68L5 68
"+ ! + " 1 4882.64856.1.12745545687499L8#N
@ $*((& "'* " ($ C9;6.96<9.648497455456874.4DD2825128
)$A$( ! " +%*') ' $') + +%( ) .129.6E6.62.4;52;952.128L969668792.9456.
(+$ !% " $ "!' ) (+(' "+ ! 68.28#2#L295268;5475298#.122>;28#6.L52
)('" " + !+*'% ' $') (+$ 945.12 8L9696687 92.98# .12 745545687 4.
)'*0)( " & $+*-$+% "1 19E2 7228 68L552#NC9;6.96<9.648 49745545687
@ $*((& "-+ $) )+$)(+B% 4.29251289.129.6E6.62822956.4
('&($ (*(+*'%'-)$A$( !" +%*') ' $') ;52;952 .12 8L9696687 92. 952 L7.98.696
+ +%( ) (+$ )'*0)( !% " $ 4D;2.2#945.126568.28#2#L2N
"!' ) (+('"+ ! )('" $+*-(+*+(1
Pjerdzdsderde^jmde F£
3%' &+%!+%) "* &( ( "'($% ) 012?54L;668.127L68249;5422#944#:
,*- / &' &' + +" / ' % ! / 2948687: 72E25972: ;9I97687: 44I687 46:
)+ ( / )!,%+ !/ + !!* ! & ! "' / 5129.75968D6:94L59I.2>.62D98L99.L5687:
+ &'$ $+)($*)%' ! $+%!'/ +%"! ! / .59#687:.598;45.9.648:97567L682:98#25E62N
+ ! !)'$ /!%&( (" (1G+ " $ "% J2E28L2 954D 48.59. 56.1 L.4D25 6
), $%) "+ ! +* !! ")' " ($ 524786<2#512848.5449.12744#4525E62
+ !+ "* &% ! $' ( "*-) )+ " 952.59892552#.4.12L.4D259.989D4L8..19.
+* !! "* ' *- ! + B+% ) 5292. .12 486#259.648 .4 5161 .12 ?54L;
&* !"-% ) ) + "-)3%' 2>;2..47228.6.2#682>19872945.142744#
"* +%$')% &% !$' ($+%(+&'$13%' 4525E62N012?54L;19728259648L#2#.19.
(+B%' ' + '*) &-H +%+)"*- 6.6.12;5686;9686.52E28L29559872D28.N
% ( *"* + !$'% + " $ 1
@, $%)K), $%)$+%$+ $'"+ ! +* !! "* C25.968 48.59. 56.1 L.4D25 56.168 .12
(+! + &( ( + ( %$) )' $ (&* 52;2.6E27L68227D28.76E2562.4E956972
A%&+*1 486#259.648N
Page 205
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972[
]^_`abcbbadefdgdhifhej^kf
ai`g`^_^idi`if`li
mi^i^i`i^idni]bji` ¡
fgei`oi`fb`dbn_aid_i` ¡
^qrssqtuvawxwyzw|}~}uqr ¢£¤¥§¥¨©¥ª«¬®¯®«°
er^qrqrskw|q|qq^qrssqt^w|xwz £ª¥¥°ª¥¥
axqqrqtqyqqrjq ª¥¢¢¥ £¢£¤ °
fwqtarqqqrnqr ¥¢¢¥ª¢¥°¥
} _f^_dij_`cbjhid_fgk_ifi`ife`^i`d_ ® ¡
hi^gj_intqrqr ¡ §£¥
]wrqqqrqrkwzqrtqrqr ¥¥¥° ¥¢¥¢ §£¥
!"!$! % &!'! (!%!& '& ! )!$ 012 554O6 2.6D9.2.12 7956982 486#259.648
* &!'%! +! , - !%! )!*!- ) & *! O195671.4952.O5898#65629#:O.D28.956687
$'!% $ !'%/!-01!'! /! $! -/% !-%/ $!%/2 954D;O96.<96D=O6872>62.2#79O2#272462#
! !3 ** !$! /4+ %'!% 892#4816.45692>625628245O687D4.6?2<
$- $/!-%! ,! * +%$ &! *$! & +!-!$! 9D4O8. #272462# 892# 48 D98972D28.
*!'! ! )%-/4%-2!/! /4+ 3 '!) ,! * 2>6256282 .9?687 68.4 94O8. 94 O5528.
!'%* *$% ,! * +%$ &! *$! & +!-!$! 6O51968769..258[
*!'! ! ! !3 + *!
/% &! *$! 3 *! 4'! & '%! -!!/%%0
@! !3 /! $! /4+ -/% !-% / $ 012 D98972D28.2.98612# 2.6D9.648 D2.14#
!-/%$! +% !- $$! ,! % &!'! (!%!& ' .19.28O5268O64849.1227956982486#259.648
/ - & / )! ,! - + %$%! !*! /%+!$ / 3!+% 48<.4.122>.28..19.6.61671<6548982.19.9
&!'%$! ,! * -%* %A%$! !/!- +! !/! 67869698.52725968 .12 9D4O8.49ODO9.672
$ '!/%A,! *+%!$ %$ /%$!$ /%+!$ !-/%! / $!%/ 52728O2 524786C2# E6 84. 4O5 E128 .12
+ *! /% &! *! (!%!& ' / - & / O825.968.< 9469.2# E6.1 .12 7956982
+%- ' -!%$! $ + ! ,!0B +! *$! *!$ ! 486#259.6486O82;O28.<52472#[F298E162=
+%'!$ $! $ /%$!+4$ + $ */ '!)+%/ % ! .12 524786.648 6 D9#2 E128 O6645.687
+!% '! **! !/! -!!/ $ *$%! & -! #4OD28.19728228522672#954DO.4D2545
% &!'! (!%!& '!$! +%& %$! 0 E1286.665489827956982486#259.648E682
76728[
G% /! * -!)! !$! )!$ !/!-- 3 '!) 059#2522679825265228..12554O6M5671..498
% &!'! ,! * /%+!$ & -,!!/ H,!%/ 2 )! ,! 9D4O8.49486#259.648.19.6O848#6.6489N6[2[=
& '!' ,! "!$/ ,! * +% ' $! - & ' 48<.126997249.6D2652;O652#82945269<D28.
&!,!! % &!'! 3!/ )/ 4I0J%)!/$ &%3!$! 49.12486#259.6486#O2P[Q2925.494O8.687
!$ /! -%!- / $ ! *! +%&!*%! K-/ 6466249968986992.68R68986968.5OD28.
L ! *! * !% *!$ ! !"!' +! 2.64852795#687686.69524786.64898#O82;O28.
* $ ! - '! 3 /,!0 D29O52D28.[
G *)!-%'! ST &! T *! Z8.252.Z84D2UV>6282
W / $- !%-/ $ ! *! ,! *+% $ !+! R459968986968.5OD28.D29O52#9.9D45.6C2#
&%!,! 4' )! +%! 4/%-!-%2 *)!-%'! !/! 4.=68.252.684D2452>628265245#2#O687
& &! & *!+%X!/!/+ *! ** !$! /4+ .122992.67268.252.59.2NVZQP=E1616.1259.2
B $ T *!YA $/%AHBTYI2,!%/ - $ & *!,! * .19.2>9.<#64O8..12 2.6D9.2# 9O.O52 91
- X!!/ !/ +%-$4 /4$! -/% !-% &!,!! 69<D28.4552266.4725.122>62.2#69249.12
!/! % !! $!-+% !-!,! *!$! +!/! * 968986968.5OD28.459 145.2562564#=E1252
- '! ! $%!! +!%%-/ $ ! *! 2 966546569.2=.4 .12 82.955<687 9D4O8.49.12
!/! 3%$! ' &%) / !/2- '! ! %4+ ,! * ' &%) 968986992.4569866.<[
-%*$!/2 / )!+! %'!%/ X!/!/ /4 +!%!- /
$ ! *! !/! '%!&%'%/!-$ ! *! 0
T &! V>6282
T &! +%!$ % !+!-!!// 3!+%,!H!-!-!$ !'I0 V>6282952524786C2#E128.12295268O552#
N95O9896P[
Page 206
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972[
]^_`abcbbadefdgdhifhej^kf
ai`g`^_^idi`if`li
mi^i^i`i^idni]bji` ¡
fgei`oi`fb`dbn_aid_i` ¡
^qrssqtuvawxwyzw|}~}uqr ¢£¤¥§¥¨©¥ª«¬®¯®«°
er^qrqrskw|q|qq^qrssqt^w|xwz £ª¥¥°ª¥¥
axqqrqtqyqqrjq ª¥¢¢¥ £¢£¤ °
fwqtarqqqrnqr ¥¢¢¥ª¢¥°¥
} _f^_dij_`cbjhid_fgk_ifi`ife`^i`d_ ® ¡
hi^gj_intqrqr ¡ §£¥
]w|qqqr ° °£
!68909"
$%&'% ($%( ) * )+ $, -$ /&'% 09"527O9.64868Z8#48269#2.25D682#.19.25.968
0$0$%( $ ,($ /1, ) $ ( 2 / .9"962684D26O672..49689.9"[!689.9"98862#
0$%, 3&3 4 3 2 /) $ &, .4 .12 754:9O249.5989.648698862# 2:28
0%'&+ &% , , &$&( ) $ 5'(' &, ;128.12895.62955<687.12.5989.648524786=687
&% , , &$%,$0'& ($ ' &% , , -$ /- 42[
$%'/ 4
3 & ) &$%-,' )- / '(2 /) &'% !689.9"6482#4O.954D6<EFGHIJ[012529452K
+$1 >?@ 4A$1 %$ &'BC%'( -$ 2 .12L54O81985228.949.129689.9"956687954D
0$0 ( 3 ,$1'0' / )$ / ($ /1, 68.252.684D29928959.26.2D68.124846#9.2#
0' /,$0/ 0/ &$%,$ ) % )- (+% 0 .9.2D28.4985496.45498#4.1254D8521286:2
%'/ ) ($ /1, +-(%$1$ , 3 684D2[
+ ,+ ), 4
@ MO5528.09"
?,$&) 0 &, ( ' &' &1' 0$% MO5528.684D2 .9" 92. 98# 69666.62 945.12
) ' '% ,$0$,% '-1 2 / ) 1%( )(& O5528.<295952D29O52#9..129D4O8.2"82.2#.4
) %$,& &', )% &' ) 02% $() +&+% &, 62524:252#954D45896#.4.12.9"9.6489O.1456.<[
($%( 4
N$0 ( ) &$ &' 0$%),% 0 $ MO5528..9" 2"8282 6 #2.25D682# 692# 48 .12
( &1' 0$% 2 /) 1 &' /0$%),% &% 3 .9"962 684D2 945.12 <2954D8O.2# O687 .12
( 2 /0$% '4 852:96687.9"59.2[
@$ '% / P $$0 1 ($-02% ( T8#2589<D28.U4:2589<D28. 49 684D2 .9" 952
($ /1, ) Q&&,$0/ 0/ )% RN$0 85228.2#9895.49V09"W"8282XMO5528.Y68.12
@ S )- (+% 0 %'/ ) ($ /1, 4846#9.2#.9.2D28.4985496.45498#4.125
+-(%$1$ , 3 + ,+ ), 4 C%'( '/ 4D8521286:2684D2[012L54O89485228.2#
-$ 2 0' /P)$ )B )B,$0/ 0/ 68.252.U8289.<K6998<K9895.49V09"W"8282 X
)% RN$0 @ S4 MO5528.Y[
@+%$ , &$%1)( 0 &, ($%( ) ' () GD28#D28..4.9"46679.6489525245#2#;1289
,&,'%& $&$&( ( ) &$% -&'B ) ' .9" 92D28.2..256 5226:2# 45K69988292#
$0$%& B() ,& $('&', &, $0$%& 97968.K;128.1252O.49.12988296#2.25D682#[
) &$&( 4
Page 207
01245676894846#9.2#9689869.9.2D28.68I#2#125268
95268J8#482698987I972K
MNOPQRSRRQTUVTWTXYVXUZN[V ~
QYPWPNONYTYPYVP\Y
]YNYNYPYNYT^YMRZYP
VWUYP_YPVRPTR^OQYTOYP
NabccadefQghgijglmnmeoab
UbpqrNasqbtabc[glarsulwaoaNabccadNglhgjqp
xQuhayuraboadaizqpaabZqwuas{
Vg|qaduQubtaparab^aub}
m OVNOTYZOPSRZXYTOVW[OzYVYPYVUPNYPTO
XYNWZOY^xdabyqpab} ~
Mglwayarabxdabyqpab}
! "292552#09$
%&'( ) *+,+*+(& - ( ! )+ + "292552#.9$92.98#69866.62952524786:2#I687
/' /'(0)' *+,+*+(& (& 0 &' ' &+ .1269866.;D2.14#945.129I.I52.9$482<I282
- -) /& /' )( 1 (+/, *)2+ 9..568I.982 .4 #69925282 82.=228 .12 955;687
-'2,') /*!('23((&'() *+,+*+(&/' 2( 9D4I8. 492$6.687 92. 98# 69866.62 68 .12
*-02 ' )' )&2-' ' - 9689869.9.2D28.98#.126552>2.6?2.9$8929.
&'() *+,+*+(&-) &'(+- ( *-'*-02 4 291 52>45.687 #9.2K "292552# .9$ 69866.62 952
5+,+*+(& - ( ! )+ + ( &'/ 524786:2#9459.9$982.2D>4595;#6992528298#
-'2,') ('/-02'2 ' - ) &'(- #292552# .9$ 92. 952 524786:2# 945#2#I.682
( ! )+ + ( -'2,') ('/-02'21 .2D>4595;#6992528298#9IDI9.2#96942
,0*'! )+ 2 ) / *&+ 2 + 6+& *7 .4.122$.28..19.6.6>548982.19..9$982684D2=6
&'- ,'&2 '/ + -'2,') ('/-02'2 82 9?96982 68 9I.I52 ;295 97968. =161 .12
1 ,0*'! )+ 2 ) / *&+2 +6+& * #2#I.682 .2D>4595; #69925282 98# 9IDI9.2#
('2&', ()-()+/ 6( ( /' 2 +*, 969429882I.66:2#K
' - -)/&)'- 4
@/*!('23((&'(- ( ! )+('*! * 012 955;687 9D4I8.499 #292552# .9$ 92.6
-) !+2&'(+-(! -'*-02 ) )+(2 52?62=2# 9..12 28# 49291 52>45.687 ;29598#
-,+* *, 6+& */ + (+) /'/)+ ( 52#I2#.4.122$.28..19.6.68448725>548982.19.
/' 0/-' &&+&', + ( &'/ / 6( I996628..9$982684D2=6829?96982.494=.12
&'(- ( ! ('2&', (4) !+2&'(+- 828296.49>95.45949.19.#292552#.9$92..482
-'2+0)'-'*-02 7A2-/' +*+ '/,*+&'(- I.66:2#KC..1228#4929152>45.687>2564#E.12F54I>
( ! 1 (+) )+ +4A2-/' +&'( 52922I8524786:2# #292552# .9$ 92.K012
- ( ! 1 &','*/ 1 (+) )+ + F54I>524786:29>52?64I;I8524786:2##292552#
-,+*,'&2 '/ + ,!B*,6+& *-) .9$92..4.122$.28..19.6.19824D2>548982
/&)'- ('2&')+ ( -'/ *+! 14 .19.9I.I52.9$982684D2=694=.12#292552#.9$
92..482524?252#K
( ! )+!+( )' /' (2+6 "292552#.9$69I9.2#9..12.9$59.2.19.19?2
- 1 ,'2* ( &'32 &,&( &+*('*! 8228289.2#45I8.98.6?2;289.2#9..1252>45.687
,'2* -) ( *-'*-02 4'2,! +*+ #9.2KH1987268.12955;6879D4I8.49#292552#.9$
('23((&'() *+,+*+(& - ( ! 1 92.98#69866.62#I2.491987268.9$59.2952
)+&',, 0*'!-'2,! (2+6- )+,', 19572# .4 I5528.;2954>259.648E2$2>..4 .12
-) &! (! ,'2* 7 '3*+ ( 2$.28..19..12;529.2.46.2D>52?64I;19572#45
(2 & &+G(2 & &+1 &','*/ 1('*!* & 52#6.2#.42<I6.;K
)+,', ( )+ 2')+( '' +(&4
%&'() *+,+*+(&- ( ! )+&+ &'32 "292552# .9$92.98# 69866.62952 4992.68 .12
&*+ !- & )*/ *-02 -0&+&+ ' 4846#9.2#.9.2D28.499689869>46.648E2$2>.69
0 &0*+)&+ 7 '3*+ &'( ) *+,+*+(& - .12;952945#6992528.27928.6.62E486.28.=6.1.12
( ! ( ' (+(& 1 ,'2,')7 &'&+ >5228.9.64849I5528..9$92.98#69866.62K
)' -' 1+ &'() *+,+*+(&- + +4
Page 208
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
ijklmnonnmpqrpspturtqvjwr ¡ ¢£¤¢¥¢¦¨¤¦£©ª¤
mulsljkjupulurlxu ¨¢¢£ª¢¨©¥¢
yujujulujupzuinvul ¥¢ «¥¬ ¢ ¨¥
rsqul{ulrnlpnzkmupkul ¡¨¬¨¢¨¥¦¥¢
j}~}m }~ ¨®¯°±³±´µ±¶·¸¹º»º·¼
q~j}~}~w}}}j}~}j ¡¯¶±±¼¶±¥±
m}}~}} }}~v} ¥ ¶±®®± ¦ ¯®¯°© ¼¹
r}m~}}}~z}~ £±®® ±¶®±¢¼±
krjkpuvklonvtupkrswkurulurqljulpk º ¢£¦¦¨© ¡ ¦¨¥©¨ ¨¬¬ £
tujsvkuz}~}~ ¬¥¢¡ ©¦¨ ³¯±
i}}}~}~}~ ¼ ¼¯ ³¯±
!"$%&'&(%) *9O2+,##2#09-2/*,00
$12 $3! !$4! !$ 1$ 5 45 1& 6& ?2@28O2A2-B28298#92.952524786C2#82.
$ 7 56 '"% 86'&: 49.129D4O8.49*,02-2B.E
&; %<$= 6$86'1 &2 ! '&$5 65 6eF1252.12*,068O552#489BO51924992.
<$= &1 12 1& 1& $7' " $ 7 2 3 4525@62684.524@259G2954D.12.9-49962A
<$=1' "'&$&%1& 6&5 !=&!=&$ 68H16192.12*,06524786C2#9B95.49
1 &!&<2 7' "$5 65 !=&!=&$ .124.499IO66.64849.1292.459B95.49
1 &! !$4! !$<$=1& 2 $>1$ .122-B2826.2D99BB69G2J98#
&&; &6 $= 1$ 6 $= <$= 1&5& $ 56 66e ?226@9G298#B9K9G2.19.952.9.2#H6.1
1 $=$6 '"%; .129D4O8.49*,068O#2#e
L6 '" % $ 7 <$= 26'&" $ 1 &3 6 012 82.9D4O8.49*,0 524@259G2 954DA45
6 $= 213 $ 7 2 56 5 !=& B9K9G2 .4A.12 .9-49962 668O#2# 9B95.49
!=&$1 &2&6 $= 66 $=21'27 $275&5& 5226@9G2 45 B9K9G2 68 .12 4846#9.2#
6$=$ 7$57'&15&$; .9.2D28.499689869B46.648e
iMN ¶¯P®¯®
7Q&5&1& 6&& R 62 &'& & S&!$ &$&(!& U54@6648952524786C2#H128.12V54OB199
! 5&T "6 6 626$ ! 5&T 7$5 6 &T)<$= B5228.4G679.648/2794548.5O.6@20H1252A9
&! 2 &5 &S 5''63! 5 6$= &$$$< 952O.499B9.2@28.A6.6B54G9G2.19.984O.94H
2 $< ' 5&$ S&!$ 5 !6 $= &! $ 49524O522DG4#K6872484D6G28296.H6G2
65 '6 56 ! 1< <$= $=$16$= 52IO652# .4 2..2 .12 4G679.648 98# 9 5269G2
$T 7$7 & 1$ 5 &5& <$= $1' 2.6D9.2 49.12 9D4O8.49.12 4G679.64898G2
$= $&6 '" S&!$ 5 !6 12 1&!6 ; D9#2e
7Q&5&1& '"215 &2 $=='2 '27 $1$ U54@664895252@62H2#9.29152B45.687#9.298#
1&5 56& $6$ 6 $8 &$ $ 5 & 5& !& 9#WO.2#.45292..12O5528.G2.2.6D9.2eZ96.6
<$=2'&$= &$&;L& 65 '6 56 ! 1<6$ 6 84 48725B54G9G2.19.98 4O.94H 49524O52
$< ' 5& $ S&!$ 6$= &$$! 5 &1 2DG4#K6872484D6G28296.H6G252IO652#.4
1&3 2 7Q&5&1&! ' $; 2..2.124G679.648A.12B54@6648652@252#e
7Q&5&6$ 6 !&<2 !7$= $5 1& 5 & 5& U54@664894592.#6D98.6874.62.6D9.2#
! 15 $! ! 256 5&1$1&5& $21 G92#4825.9689ODB.64898#95562#9.9965
$&'&S 5 56&1 $=$ &$= 1&5 7$ 7 <$= @9O2G92#489BB69G2#64O8.59.2e
! ' 6;
k }}~r}r}}X}~ ¥´ ¯Y±±ª±±°®
[ 56& 1 $=$ [\] ^3 R 62 $= 6& Z8945#982H6.1Ua,bcdA.12V54OB524786C2
2 $<&5&"$ 6$ 6 &!'$ <S$ 5 56& B54@66489452DB4K2225@6228.6.2D28.G28296.
1 $=$ _$1$=46$1$= ] $= $ (__]) 68945#982H6.1.129BB69G2f9G45f9Heg8#25
<$= ! ' 6; ` 15 $ __] 5 !6 3 .12 f9G45f9HA4DB9862 952 52IO652# .4 B9K
2 65"$ 1&" 65 $ 6$ 6 !< 6$= 2B959.648A9BB5269.64898#4DB289.648G28296.
2 5$=7$36$=2 $=" =$ 5 1$6$= .4.12652DB4K2269.1248#6.648B26962#68.12
2 $==$ & " 21 <S$ 2!&' f9G45f9H952D2.e
2 5< $<$=1& $ 6 $1' __] 5 !6
2 $6"&;
Page 209
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
klmnopqpporstrurvwtvsxlyt ¡¢£¢¢¡¤¥¦¤§¤¨ª¦¨¥«¬¦
ownunlmlwrwnwtnzw ª ¡¤¤¥¬¤¡ª«§¤
{wlwlwnwlwr|wkpxwn ¢§¤¢§®¢ ¤¢¯¡ª§¡
tuswn}wntpnrp|mowrmwn £ª ®ª¯¤ª§¨§ ¤
lo ª°±²¡³µ³¶·³¸¹º»¼½¼¹¾
sly ll £±¸³³¾¸³§³
ox § ¸³°°³ ¨ ±°±²« ¾»
t o| ¥³°°¢³¸°³¤¾³
mtlmrwxmnqpxvwrmtuymwtwnwtsnlwnrm ¼ ¤¥¨¨ª« ¢£ ¨ª§«ª¯ ª®®¢¥
vwluxmw| ¢¯®§¤£¢«¨ª¢ µ±³
mt t §¶ ±³³¬³³²° µ±³
!"!$!%&'($()!*+) $(,(( -( / ! ($0 ( B45.12C4DE98FGH479956I6J664898#25.968
+) + 12(! 30* -( 435* -( / ! ($ 0 ( KOL6#69562M89D2FMZNP98#KZQP98#6.25.968
+) + -()!435*12( ' 6+ 2+7+ ''()( ( -( KOL6#69562MR1619529#FD968.96898#4E259.2
6+ '&8+)($! ( 8)&')(6 8+ $! $+:()( ;&)6(7 945D9E28648 E98 945 .12 L28296. 49 .1265
<('! ()2(=( 2(1 (6<(,( 8+ 2!$!,( ( ($ 2DE4F22M9##6.6489E54J6648945.122.6D9.2#
7!(<!7! ($-!+$ !6($! !6<(7( +)>( ()2(=( 69L66.629452DE4F2225J6228.6.2D28.L28296.
-!< ( -! ( ($ !6<(7( 2( ' 6+7+ ( 8(-( 952D9#248.4E49.12L28296.E54J6#2#O8#25.1265
6($! '?6($! ' 8)&')(6 8+ $! 1 (8(<!7( 52E2.6J2E28648E98M6982295FM6845#25.4
-!8+)7 ( 1 -(7(6 )( ' ( 6+6+ ,! <( ($ D22.98#4J25.12D686DOD L28296.52SO652#.4
6! !6 6 !6<(7( 2( ' ,() $ -!<(2() +8(-( L2E96#.42DE4F22O8#25.12T9L45T9Re
()2(=( <+)-($() ( @A
4(7-& 8+ 2!$!,( 2( ' -!8+)7 ( $+<('(!6( ( 012 9D4O8. 49.12 9L4J2XD28.6482# 52SO652#
-!$+< ( -! ( ($1 -!+$ !6($! <+)-($() ( E54J6648952 2.6D9.2# L92# 48 .12 9.O9569
8+ !7(!( U8)&2+ $! ( ()!( 2( ' 6+ '' ( ( 9O9.648O687.12P54V2.2#W86.C52#6.D2.14#e
6+ &-+P54V2.2#W86.C52#6.A
*+ ' )( +6<(7!1 +)-!)!( ($ + '( -( Y2XD29O52D28.M4DE56687 499.O95697968
+) '!( ( ()!(71$+'+)( -!( !8(-( 7(8&)( 98# 42M952 524786[2# 6DD2#69.2F 68 .12
8&$!$! + ( '( & $&7!-($!( -+ '( 8+ '() , 4846#9.2#.9.2D28.499689869E46.648R6.19
7( '$ '-!-+<! ( ( -! )+-! ( +8(-($(7-&7(<( 4552E48#687#2L6.4552#6..452.9682#2958687
6+7(7 !8+ ',($!7( &68)+,+ $!;7(! 8(-( (, .154O714.1254DE521286J2684D268.12F29568
+)>(-! 2(A*+ ' )( +6<(7! !-( -!)+ 7($!;! ($! R161 .12F 4O5e Y2XD29O52D28. 952 84.
+7(<() '!8(-( (, <+)! 2(A 5296962#.4E5496.45468OL2SO28.F295e
%!(2(>($(7(7 ,() $-!( !$+<('(!<+<( 8(-( P9.25J624.952524786[2#68E5496.4549.
$(( 2( '7+<!,(=(7( ()(\ .12295625L2.R228^
!A + ! ( 8+) <(,( 8)&')(6 ( ( ) (!76+ 6e .12#9.249.12E989D28#D28.45O5.96D28._
+)>(-!]-( 98#
!!A + ! ( + ! ($ 6+ '( !<!(2( )+$ ) )!$($! 66e.12 #9.2 .12 `54OE 524786[2 529.2#
( ( !6<(7( +)6! ($! +) (! A 52.5O.O56874.e
% '( + &-!,! '-+ '( 6+ '' ( ( ! ' ( d2.68.252.69O9.2#LF9EEF687.12#64O8.
-!$ & & +),(-(87!(<!7! ($!6<(7( +)>( + &Aa) 8 59.2.4.1282.2DE4F22L28296.69L66.Fe012`54OE
6+ '( ! +)>(-! 2(8+) <(,( +),(-(87!(<!7! ($ 524786[2 .12 944R687 19872 68 .12 82.
!6<(7( +)>( + &8(-(b%+<( *& & *+ > (7( c1 2DE4F22 L28296.69L66.FO8#25fC4.49`44#
b%+<( 6 6 -( 0-6! !$ )($!c -( b%+<( K4#gMf`2825998#N#D686.59.648hiE282g98#
*+ > (7( -( !$ )!< $!c 2( ' $+$ (! -(7(6 fK268798#I6.56LO.648hiE282g99EE54E569.2
7(8&)( 7(<() '!\ 68.12E5496.454^
!A %!(2(>($( +)-!)!( ($1<!(2(>($( ! !1<!(2(>($( 6e K25J624.4DE56687O5528.25J624.M
7(7 1 + '( -( +) '!( -()! ) (!76+ E9.X25J62 4.M 7968 98# 42 48
-( 8+ 2+7+$(!( !-( ) ! 1-( O5.96D28.98#848X54O.6822..2D28.M98#
!!A %+<( ( ( 8+ ',($!7( < '( + &A 66ed2.68.252.2iE28245684D2e
Page 210
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
hijklmnmmlopqorostqspuivq ¡¢£¡¤¡¥§£¥¢¨©£
ltkrkijitotktqkwt §¡¡¢©¡§¨¤¡
xtititktitoythmutk ¤¡ª¤«¡¬§¤
qrptkztkqmkomyjltojtk §«§¬¡§¤¥¤¡
i|}~~|l |} §®¯°²°³´°µ¶·¸¹º¹¶»
p}i|}|}~v|||i|}~~|i ®µ°°»µ°¤°
l||}||||}u| ¤ µ°° ¥ ®®¯¨ »¸
q|l}|||}y|} ¢°°µ°¡»°
jqijotujknmustojqrvjtqtktqpkitkoj ¹ ¡¢¥¥§¨ ¥§¤¨§¬ §««¢
stirujty|}|} ¬«¤¡ ¨¥§ ²®°
j ||}q|q|||}|}|} ¤³ ®°°©°°¯ ²®°
! ! ! " $ %! ! !& " $ !%'( ! ! 1968454248.12O5.96D28.452..2D28.499
) * ' &!%! & ! )$+ $!( %(,!'! )!& %-%!" % #29682# 228296.398 952 52478642# 5128 .12
" %"!" $ !%'( ! ! ) * ' &!%! $/!-%0 O5.96D28.452..2D28.4O5e
$ !%'( $/!-%!)!,%'!&!'!6&! -!$%"+ -%&% <O5.96D28.4O551289828.6.=26.125>
, $%" $) 6%7
%0 ( / ""! "+(% ( *! "( $! % 6e 6#2D48.592=4DD6..2#.4D9?2967869698.
& 8!$! &% %:%"! / ('!6 ) " $/! *! 52#O.64868.128OD225492D34=224@252#
-% ! +' 6)$+ $!(;! ! 2=9398A45
%%0 ( ,!6" ! -!'!( )$+ $!( %(,!'! 66e 9D28#.12.25D499#29682#228296.3984
)!& %*! ( * ,!,"! ,! %! *! &% %:%"! .19.967869698.22D28.499O.O5225@622=
-!$% /!&! (!&! - )! ) " $/! %-!" '! % O5528.2D34=22 5684 48725BO969= 945
( (, $%"! %(,!'! ! ! ( (, $%"! %(,!'! 228296.C4556BO969=48=94552#O2#228296.e
*! ' ,%6$ -!60
i|}|}~|}h|v| µ»»²®¨°»°»µ°
E $ &!6!! -! F % !&G !"( () *!% $! &!"&% 012K4D398=98#LO26#6956219@2.5989.648
- ! )%6!", $ '!&%H- ! - :% %&%-% $!%"! 56.1 529.2# 395.62C 9 #29682# 68 ML<N P
)!-!EIGJ& ,! !%, $%" 7 99445>
Q%RS$! ! ! ! + ! " ' !$! $- "! U6V<3254845942D2D22549.19.32548W
( () *!% $ '!&% - ! T$ ) /%"! +$! 99D6=6529.2#.4.12154O369.19.32548>
$& , 7
Q%0XR ( (%'%"%) -!'%! ! ! ) -!'%! U6eYV 19 48.54 45 [468. 48.54 4@25 .12
, $&!(!! !&E $ &!6!! ; K4D398=A
Q%0\R ( (%'%"% ) !$ 6 &% %:%"! ! !& U6e]V 19 67869698. 689O282 4@25 .12
E $ &!6!! ;! ! K4D398=A45
Q%0^R ) $&+ %'(! !/ ( " 8% E $ &!6!! U6e_V 6 9 D2D22549.12 ?2= D98972D28.
! ! % !&% - "E $ &!6!! 0 325488249.12K4D398=4549939528.49
.12K4D398=e
Q%%RI ! % !& , $ '!&% - ! T$ ) /%"! U66V<828.6.=6529.2#.4.12154O36998=49.12
( ( 6%&!'!6&! 6!', $%" 7 944568748#6.648933=>
Q%%0XRF % !&-! E $ &!6!! !-!'!6 ! + ! U66eYV01228.6.=98#.12K4D398=952D2D225
-!$%$ )*! &!(!Q!$ % *!F % !&` - "H 49.129D2154O3U5161D298.19.291
F % !&G !"H-! F % !&G !", $%" *! M9528.CLO26#695=98#9245LO26#695=6
$"!% - ! % !&'!% R; 529.2#.4.124.125VA
Q%%0\RI ! % !&!-!'!6 % !&!&+&%!&%! ! U66e]Vb8228.6.=6989469.245[468.@28.O52
a $! , $&!(! -!$% % !& '!% Q! ! 49.124.12528.6.=U45989469.245[468.
% !&!&+&%!&%! ! a $!, $&!(!*! @28.O52499D2D225499154O3495161
( $ )!"! ! + ! & ! $ )H *! .124.12528.6.=69D2D225VA
(! ! % !& '!% $& , !-!'!6
! + ! *!R;
Q%%0^R - ! % !& $& , !-!'!6 a $! U66e_Vc4.128.6.62952[468.@28.O5249.129D2
, $&!(!-!$%)%6!"" %!*! &!(!; .165#395.=A
Q%%0dRI ! % !&!-!'!6a $!, $&!(!-!$% U66efVb8228.6.=69[468.@28.O52499.165#28.6.=
% !&" %!-! % !&*! '!% !-!'!6 98#.124.12528.6.=6989469.249.12
% !&!&+&%!&%-!$% % !&" %!; .165#28.6.=A
Page 211
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972c
efghijkjjilmnlolpqnpmrfsn ¡¢¤ ¢¥¦
iqhohfgfqlqhqnhtq ¤¦¤¥¡
uqfqfqhqfqlvqejrqh ¡§¡¨©¤¡
nomqhwqhnjhljvgiqlgqh ¤¨¤©¤¡¢¡
fyz{{y|}~i }yz ¤ª«¬¯°±²³´µ¶·¶³¸
mzfyzyz{syyyfyz{{y|f «²¸²¡
iyyzy|yyyzry ¡ ²ªª ¢ «ª«¬¥ ¸µ
ny|izyyyzvyz ªª²ª¸
gnfglqrghkjrpqlgnosgqnqhqnmhfqhlg ¶ ¢¢¤¥ ¢¤¡¥¤© ¤¨¨
pqforgqv|yzyz ©¨¡¥¢¤ ¯«
fyzyz{yzeys|y|yzyz ²¸ª¸¯«ª¥¸¸²ª ¯«
! " $%$ & '(() * %$ ' % 01284D:98;98#<O=6#6956219>2.5989.648
! + )% ',- %/! + !0%% %!% %' ?6.1 529.2# :95.62@ 9 #29682# 68 A<BC E
) ! 1&23 , + %,%' $45- 6 $ 7 9944?FG48.68O2#H
5%%71 $ $%$ ,- % ! + I ) 6%' G66HB828.6.;6529.2#.4.12J54O:6998;49.12
(( % - $ -,%' $45- 6 $ 7 944?68748#6.6489::;FG48.68O2#H
5%%K7" $%$ $ , $ ! - $ )L+ ( G66cQH012 28.6.; 6 9 :4.R2D:4;D28.=28296.
%(, - ) M '6 $ ' %(, - '6 :98945.12=28296.492D:4;224926.125
! % - $ $ $%$ .12 84D:98;459828.6.;529.2# .4 .12
* + $' %$ ! + K N%' 84D:98;cZ9.1284D:98;66.29O19
! - $%$ * + :98@.12 :4845687 2D:4;25952 94
( *- ++ ' )L+ ( $ , $/ 529.2#.4.1284D:98;S
( ' $%$ )L L6 + ,- %! +
P
5%%KT7" $%$ * + !%' ! -%' $ G66cUH01228.6.;648.542#45V468.;48.542#
!%' ! -%' , ( L- L + * + =;9:25486#28.6962#68G6HS45
!%%! $%0%' %! - ()L%5%7P $
5%%K37W +* +!%%! $%0%' %! - ( )L% 5%K7 G66cEHB:25486#28.6962#68G6cXH1967869698.
((%-%'%) + %+ %0%' $ $%$ 689O2824>25.1228.6.;4569D2D=2549
$ ) L %-( 6( ' M% $%$ .12 Y2; D98972D28.:25488249.12
5 $ $%$ %! '! % $%$ 7K 28.6.;G45499:9528.49.1228.6.;Hc
5%%K[7" $%$ / $ ++L$ ! %'-L()L'* + G66c\H01228.6.;@4598;D2D=25499754O:49
( $%$ ( ) ' , +% ! % ?161 6. 6 9 :95.@ :54>6#2 Y2;
'-L()L' $ , $/ ( *!% ' 6 D98972D28.:25488225>62 .4 .12
) L %- ( 6( ' M% ') ! 84D:98;45.4.12:9528.49.1284D:98;c
$ ') ! $%$ %! '! %
K
] ' % %+ %0%' ! -!L * + ( $% - <67869698..5989.64898#=9982?6.1529.2#
! + )% ',- %!% +' )' ! - ( ^ $ $ :95.62952#642#68.12522>98.`4.2125268c
* +-_ K
2M -%!% +' )' ' , + %)% 'a)% ' b82:26969;6#28.6962#9529.2#:95.62@.12
,- %/( ' )% 'a)% ' - % * + !% , $' :95.62#642#68.12`4.2.4.124846#9.2#
! - ( ^ $ $ $ - )L ' + 9689869.9.2D28.952.165#:95.62c
'L L-%! % ( ) ' )% ''$%+ K
Page 212
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qstuvwxwwvyz{y|y}~{}zs{ £¤¦§¨©ª©©¨«¬«®«¯±¯¬²¤³
v~u|usts~y~u~{u~ ±§¨¦¤««¬³«¦¨¦±²¦®«
~s~s~u~s~y~qw~u §©¤®«¤©¤´®µ©§«©¶¦¨±¤®¨
{|z~u~u{wuywtv~yt~u ª¦§±§µ¦±¶«¤±¤®¯®§¤«
sv ±·¸¹¨º¼º½¾º¿ÀÁÂÃÄÃÀÅ
zsss ª¸¿ººÅ¿º®º
v ® ¿º··º ¯ ¸·¸¹² ÅÂ
{¡v¢ ¬º··©º¿·º«Åº
t{sty~tuxw}~yt{|t~{~u~{zus~uyt à «¬¯¯±² ©ª ¯±¤®²¦±¶ ±µµ©¬§¤¦§
}~s|t~¢ £©¶¦µ¦®«¦§ª©²¯±¤¦©§ ¼¸º
{|y ³·º·· µ¸½¾Å¸ ¸¹ ®º· ¬º¿
µ¸½½¸µ¸¿¸
! "$%& '() *+, ! - ! / B8#25CEFGHIJ682.12.5989.64849KO682
*01/! / 1/ !/ !-/- 2!3! +/ -/ 4DK689.6484928.6.62O8#254DD4848.54#42
0!3 /1 - ! 2 41 , ! 41 - ! / *!*0/ 84.52O.6891987249.122484D6OK.98249
20/+/ ! - 1/ !/ 5 !3 /2 -4 !) .124L82516M49KO6822L1619522N19872#J
- ! / - 14- / 4/ 2 !/+ / - 6 - - .12 96#.5989.648 6524786P2#9.6.955Q687
1 !0-* 2!5 -4 ! 20/+/ !78 + 0 9D4O8.O687 .12 M44687R49R68.252.D2.14#eZ8
0! 2 ! 0-* 2!5 -4 ! 20/+/ !) 9MMQ687 .12 M44687R49R68.252. D2.14#J .12
4! 4 :4! 4 + 2* ! 4 !3 ! /!-/- 5 !3 4DM4828. 49.12 9689869.9.2D28. 49.12
1 3 14!3)4!-4 - ,4!- ; /!5 *01/! /1/ !/ 4DK68687 28.6.QJ945.12 Q295#O5687 L161 .12
!-/- 2!3! +/ ! 4!-4 - ,4! *02 -/< KO682 4DK689.648 4928.6.62 O8#254DD48
;/ !) / ;/ ! *+ ,:*+ , 2!33 14!3 ! 48.544O552#98#945.124DM959.6S2Q295J952
- 14--+ ,- ; / ; = +- ,4!!-/- 5 !3 M5228.2#68O19D98825969.124DK689.648
1 3 14!31 + 0 2!3! +/ !7$+/ /, 194O552#682.12K2768868749.12Q29549.12
!- ;40+ , /01 + ! 5 !3 / +/, ! + 0 4DK68687 28.6.Q 952 O8#25 4DD48 48.54e
*01/! /1/ !/ !-/- 2!3! +/ - 4;40+ , T6992528268S9O249486#259.648.59892552#68
/01 + ! 5 !3 /- /0 + 0 2+2 ! 1/ !/ 9KO6824DK689.6484928.6.62O8#254DD48
!-/- 2!3! +/);/ ) !3 !!/+ /- 6 - - 48.5445486#259.6485226S2#L128#6M4949
1/ !/ - 14- /6 - - 1 3 /1 3/ ! / 4! KO6824928.6.62O8#254DD4848.54J6998QJ
>? 01 , ! @* +8/ -* A2 + 2* ! 2* / / L6.16.955Q6879D4O8.6524786P2#9M95.49
4 !3 ! *! *+/ / !7 UF##6.6489C96#R68 V9M6.9W68 .12 4846#9.2#
.9.2D28.499689869M46.648e
sy}z~ ª¸¿ºXµ¿¿º¼Y¤¿Å·Å¼¸·Å³Åżº·
? ! / + 0 0 - 4 !3 /!3 /6 - - + 0 05989.648 68S4S687 9452678 O552862 952
[42/ ,1 ! 4 5 !31 + 42 - 5245#2# 68 Z8#482698 ]OM691 9..12 59.2 49
- ! / /+ 4 !7" - !33 +2+ 2* !) - 2N19872M52S966879..12.6D2.12.5989.648952
! +/ 1/+/- 0*!- + 0 0 - 4 !3 /!3 D9#2eF..1252M45.687#9.2JD482.95Q92.98#
/; 1 ! 4 / !3 ! - : - 4 ;4 + !1+/ 69K66.62 #284D689.2# 68 9452678 O552862 952
5 !3 /- 1/- !*+, ! \! *! / 2 - !33 + 9#^O.2#.45292..129S2597249.12268798#
- ! /2 1 ! ! - ,/ 4!-4 - ,4! 5 !3 KOQ687 59.2 492N19872 M52S96687 9..12 9.
1 !34- !) !+ 1 - 4 43/4 5 !3-/014+) K98_687.5989.648#9.249.12Q295J9MOK612#
/ /- ! - 4 /11 ! ! 2 *2 /- ,4! KQ `98_ Z8#48269J98# 98Q 52O.687 7968 45
5 !31 !34- !7 4295252#6.2#4519572#.44M259.64849.12
Q295e
" - !33 +:- !33 +2+ 2* !)!/+ /-4 5 !3 F4952M45.687#9.2J.1259.2492N19872O2#952
/34! ! + , 1 3 /1 /4-a 9944Lb
vc vc
¨º¼º½¾º¿ÀÁÂÃÄÃÀ ¨º¼º½¾º¿ÀÁÂÃÄÃÃ
~c ~c
ª Ž¸¢ ª Ž¸¢
df$gh8*+ %$i d7jdk d7l'd BEmnBET495or
Page 213
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972d
fghijklkkjmnompmqroqnsgto ¡¢£¥¡£ ¦§¡
jripighgrmriroiur ¥ §¥¦¢
vrgrgrirgrmwrfksri ¢¨¢©ª¥¢
opnrixriokimkwhjrmhri ¥©¥ª¥¢£¢
gz{||z}~j ~z{ ¥«¬®°®±²®³´µ¶·¸·´¹
n{gz{z{|tzzzgz{||z}g ¬³®®¹³®¢®
jzz{z}zzz{sz ¢ ³®««® £ ¬«¬¦ ¹¶
oz}j{zzz{wz{ ®««®³«®¹®
hoghmrshilksqrmhopthrorironigrimh · ££¥¦ £¥¢¦¥ª ¥©©
qrgpshrw}z{z{ ª©¢¦£¥ °¬®
wzz mzzjzz §¹«°¢¹³« ®³¹³®
!" $ %&' $ ($)( ) *)+& 012 296 2958687 3251952 9..562O.922 .4 .12
+ $ "),)+ &()( )&$*+ $)!)(*&' $ &'& 24O6.514#2549.1239528.28.6.59524D3O.2#25
" " ') , )-$ /,& %&' $ ( #666#687 684D2 945.12 32564# 9..562O.922 .4.12
$)( ) *)+&+ $ "),)+ &()( )&$*+$ &'& 24O6.514#2549.1239528.28.6.54625.1272671.2#
(0 ( ( ()" &' /*",! !" %&' $ 9625972 8OD225496O2#98# 9O5396# 1952
$& $) (- &*! ," )-$ %&' #O5687.125232.66232564#d
&'+*(&1
8 *!& ()$+ " " *&%) : + -( &) 012?4D398519844O..98#687#6O.66234.28.69
!" ) %&' ):($),*(): $ (&'', 45#689551952949@22D225ABCEFEAd
;< " =>=1
f{|z{i}zGzz ¹³H¹®£®¹«³®±®
I * " &'*+* $ &'+*&J,)&( *" & 012R54O3686.695D29O52968986968.5OD28.
+ *&'& $&),)J/ K$& ($&,) ),)( 9.996569O2C98# 92. 98# 69266.62 49.12
%&'$)+*))) $+-" )&) )&)1I * /*' 94O6522O3482O6824D2689.648dZ.694
" &'*+* /*",! ( *,)!+& $ )L8M ( ( &(* D29O5225.9685246259229D4O8.49.12?RS
$ +&&),)J/ $)+* &') )% , & O687TUV?@d
NPQ<1
W),)J/ $,!! '%&'+&$)( )"$ ) T96569O26.123562.19.74O#22522662#.42
" &/*, *(* ((*! '%&'+&$) % 9892.45396#.4.598925969266.5689845#255
*&(*+" &',)!+& *(*,) ),)( $," ( &+) .5989.648 22.7228 D95]2.395.66398. 9..12
( (* &( ,+* $ (&'', D29O52D28.#9.2d012996569O2D29O52D28.6
&'*+* &1 8 &'*+* & &),) J/ 292#48.12352OD3.648.19..12.5989.648.4
" &'*" )+& !J ( &+)*&(*+ " &/*, 2.1292.45.598925.1269266.5.9]2392
((*" &',)!+&,) ),)( ( /$)X 26.125^
)Y <) *(" *&(*+ ((* ,) ),)( 6_ Z8.123568639D95]2.945.1292.4569266.5`
( *([(* 45
))Y \)+()$+( $ ( *("K$) %&' 66_ Z8.12922824993568639D95]2.C68.12
,)&' " &'*&(*&'+& *&(*+ ( (* D4.9#698.9724OD95]2.945.12 92.45
,) ),)( ( *(1 69266.5d
8 *(" (* %&' ,)&' 012 356863945.12D4.9#698.9724OD95]2.
" &'*&(*&'+&( *(! * $ ($)+ -, ! DO.2292622.425.12R54O3d
I * 1
W),)J/ $ ) ((*,) ),)( $)*+* $ &'& 012996569O2499892.45969266.56D29O52#
" &''*&+& *" )%&'+&$)'*&+& ,+* O687 .12 9OD3.648 .19.D95]2.395.66398.
+ ()+" & &(*+&! ' ((*,) ),)( 74O# O2 7128 356687 .12 92.4569266.5C
( *(K $ &'& *" ) !J ,+* 9OD687 .19.D95]2.395.66398. 9.68 .1265
()&$+$,"+ &()&'& +-&-")( )+&%1 2484D622.68.252.d
8 &'*+* & &),) J/ $ ) *(* ( a996569O2D29O52D28.499848b968986992.
&-&+ *&'& " " !)(*&'+& + "" *& .9]268.494O8.9D95]2.395.66398.c9266.5.4
,+* *&(*+ " &'!),+& "&:( 728259.22484D6228296.25O687.1292.68
+-&-") $ &'& " &''*&+& ( $," 6.16712.98#22.O2452526876..4984.125
&''*&&( ()&'')$&( )+&%(*$ &'& D95]2.395.66398..19.74O#O2.1292.686.
" &/*,&%+ $ ,+* ,)& %&'+& 16712.98#22.O2d
" &''*&+& ( ( *( $ &''*&&
( ()&'')$&( )+&%1
Page 214
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972d
fghijklkkjmnompmqroqnsgto ¡¢£¥¡£ ¦§¡
jripighgrmriroiur ¥ §¥¦¢
vrgrgrirgrmwrfksri ¢¨¢©ª¥¢
opnrixriokimkwhjrmhri ¥©¥ª¥¢£¢
gz{||z}~j ~z{ ¥«¬®°®±²®³´µ¶·¸·´¹
n{gz{z{|tzzzgz{||z}g ¬³®®¹³®¢®
jzz{z}zzz{sz ¢ ³®««® £ ¬«¬¦ ¹¶
oz}j{zzz{wz{ ®««®³«®¹®
hoghmrshilksqrmhopthrorironigrimh · ££¥¦ £¥¢¦¥ª ¥©©
qrgpshrw}z{z{ ª©¢¦£¥ °¬®
f{|z{i}zzz }z{z{ ¹³¹®£®¹«³®±®°¬®
!"" !$%$! &%!'% !'($'$! )$!" ** $' 012 754O1 O2 49O9.648 .21868O2 .19.952
+ !"$!%$+$$!+$!+$&$)$!" $+$'& *+'$ 911541569.2 68 .12 65OD.982 98# 945:161
!& % !" % !'($' ,$-$ / + !"$! O996628.#9.99529496932.4D29O52996549O2;
$%*' $(%$! $* %$! 0681O.2 )$!" +$ $& D9<6D6=687.12O249522498.43254932681O.
+'$ $&' 0432549322 )$!" (5$! +$! 98#D686D6=687.12O249O843254932681O.d
'!' $(%$! $* %$! 0681O.2)$!" &'+$%+$ $&
+'$ $&'0O84325493226
> $$*&+$!('$?'('&$*)$!"!'($',$-$ !)$+' % F92. 98# 69366.62 945:161 996549O2 6
$&$ +' !"%$ %$! +$($ ($ @ $! % $!"$! D29O52#45#642#68.124846#9.2#9689869
%@!*@('+$*'$!+'%$&"@ '%$!+$($ A' $ %'!'($',$-$ .9.2D28. 952 9.27456=2# :6.168 .12 996549O2
? +$*$ %$!242 $* %$!0681O.2 $('!" !+$A 1625951G;#25632#9944:;392#48.124:2.
)$!" *'"!'B'%$! & A$+$ !" % $! !'($',$-$ 242681O..19.6 67869698..4 .12 996549O2
*C$ $%*( A$!*?$"$'? '% &E D29O52D28.99:142H
'2 I242JKL$ "$% @&$*'$!0&$! $ !)* $'$!2 6Q I242RSTO4.2#UO89#VO.2#QD95W2.156268
+' $*$ $%&'B !& %$*&$&$ ('$?'('&$*)$!" 9.642D95W2.9456#28.6992.4569366.62
'+ !&'%)$!"+$ $&+'$%** !&'&$* $+$&$!""$( 9..12D29O52D28.#9.2d
!" % $!6
''2 I242MKN %!'% !'($'$!)$!" !"" !$%$! 66Q I242XSY9O9.648.21868O2945:161.12
&'!"%$& $* %$! 0681O.2)$!" $('!" !+$A 4:2.242681O..19.667869698..4.129965
)$!"*'"!'B'%$!& A$+$ !" % $!!'($',$-$ 49O2 D29O52D28.6 #652.G 4568#652.G
)$!" +$ $&+'$ $&'0432549322?$'%*C$ $ 43254932d
($!"* !"$&$ &'+$%($!"* !"6
'''2 I242PKN %!'% !'($'$!)$!" !"" !$%$! 666Q I242[SY9O9.648.21868O2945:161.12
&'!"%$& $* %$! 0681O.2)$!" $('!" !+$A 4:2.242681O..19.667869698..4.129965
)$!"*'"!'B'%$!& A$+$ !" % $!!'($',$-$ 49O2D29O52D28.6O843254932#652.G45
)$!"&'+$%+$ $&+'$ $&'0O8432549322?$'% 68#652.G43254932d
*C$ $($!"* !"$&$ &'+$%($!"* !"6
\!& %$*&+$!('$?'('&$*)$!"+'$% ' $+$($ @ $! ]4592.98#69366.62.19.952524786=2#68.12
% $!"$! %@!*@('+$*'$! *C$ $ ? ($!"/ 4846#9.2# 9689869.9.2D28. 48 9 52O55687
! !& %$! $ $%$A& +$ $& '!+$A$!$!&$ $ 396;.12754O1#2.25D682:12.125.5989251942
242+$($ A' $ %'+ !"$! ($% %$! 5$( $*' 4O552# 32.:228 242 68 .12 1625951G 3G
($!"$&$* ! &$ $!%$&"@ '0? +$*$ %$!242 52S926879.27456=9.648U392#48.124:2.
$* %$! 0681O.2 $('!" !+$A )$!" *'"!'B'%$! 242681O..19.6 67869698..4 .12 996549O2
& A$+$ !" % $! !'($' ,$-$ *C$ $ D29O52D28.9 9 :142Q9..12 28# 49291
%*( A$!2 $+$&'$ $%A' &$A ! ($ @ $!6 52145.687G295d
^$!$- ! ? &$!"" !"K-$,$?$&$* !'($'$! 012754O1aD98972D28.5214863294549O9.648
+$($ ! !& %$!%?'-$%$!+$! @*+ !& % .4 #2.25D682 .12 14662 98# 1542#O52 945
!" % $! !'($' ,$-$ ? ($!"/ * &'$*& 52O55687996549O2D29O52D28.;O193644769
?'@(@"'*/$*&&$%? , - + +$! !'($' $%$'\_` 92.;68.98763292.98#49O2S68SO249b7c
0 !& % -' ! !$!!'($'744#:626 U945744#:66D1965D28..2.1O5142Qd
Page 215
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
jklmnopoonqrsqtquvsurwkxs ¡¢¡¡ £¤¥£¦£§©¥§¤ª«¥
nvmtmklkvqvmvsmyv © ££¤«£©ª¦£
zvkvkvmvkvq{vjowvm ¡¦£¡¬¦¡£¡®©¦
strvm|vmsomqo{lnvqlvm ¢©©®£©¦§¦£
k~~n ~ ©¯°± ²´²µ¶²·¸¹º»¼»¸½
rk~~x~~~k~~k ¢°·²²½·²¦²
n~~~~~~w~ ¦ ·²¯¯² § °¯°±ª ½º
s~n~~~{~ ¤²¯¯¡²·¯²£½²
lsklqvwlmpowuvqlstxlvsvmvsrmkvmql » £¤§§©ª ¡¢ §©¦ª©® ©¡¤
uvktwlv{~~ ¡®¦£¢¡ª§©¡ ´°²
j~m~~~~~ ¢½·½²§²½¯·²µ²´°²
!"$ "$ % " & ' ( !" 8:.2589;9O25 952 68;4;2# 945 ;9O9.648 49
! ) * + "$," ' !" % - -) !/ 0"$ % " 67869698.92.<68595.6O95<.12=64476992.e
( !"$ & " ", !" ( " 1, !" 1 Z8;4;2D28.492:.2589;9O25 6 #26#2# O548
& % 1 ! & & !",2, - 1 3 $! $,! 1 / 988O9>99.25#6O648?6.198#95554;9=>.12
0$ "$ (' 1 "$' !, ( )" 1, ( ! $+ @4D598>A B495# 49C652.45eE22.648 56.2569
$(," ! + &( & ! & ' '(, '' ",1 68O#2 D95F2. F84?2#72< 525O.9.648<
!" & $($-*! / 4"-&( & 685O.6 ) 68#2528#28298#?12.125554926489.98#95#
& ), & % 1 !& & (,",! %$! ' - 1 952D968.9682#eG9O9.648.2186HO298#685O..4
7$,(& ( !"$ / O2?252#6O2#98##26#2#=>.12I54O598#
2:.2589;9O25e
J ", ",2, ( ), ) ( K 2 $+ 7$,( L45.125O5542499965;9O2#64O52<.12I54O5
' ", ! * ! !" & % " ! 19#2.25D682#924992.98#69=66.6248
%$& ! $ ! * "+ $ "$ !" & $ ! - 6 & .12=9649.1289.O52<1959.256.698#56F49
2;2( & 1 $ $ K 2 $!% ) ' & 2 ! .1292.4569=66.>98#.122;249.129965;9O2
& " !/ 1625951>92:59682#9=4;2e
l s~~ ¢½´½ ¯·µ²¯
v s~~ ¢½´½ ©¯¯²¯
) , & ),,$ MK Z86.69N24786.64898#P29O52D28.
& ( ) , K +7$,( ' ),,$ !" U.686.69524786.648<.12I54O5D29O529
, ) ( & K 2 $ 6 & " '% 1% 6 968986992.9.6.9965;9O25O.5989.648
"$ ! ! +& '1 !", ) " & & ,,$ 4.<68.1292499968986992.84.9.9965
( & K 2 $' , % $,) / ," ) ;9O2.154O7155496.454e059#25226;9=2
,! 1 6 ) " & ' ) &, ) -'(- .19.#4 84.48.968 9 67869698.96898687
('% 6 6 )! ) * +& ' 7$,(" 1 4D54828.<945?161.12I54O51995562#
' $ ( Q $ ($ " !+6 ", & ,,$( & .12559.692:52#628.952D29O52#9..12
1 $) "$ ! ! 6 ) & " ", !!, .5989.6485562#2.25D682#O8#25VEUWXYe
RM0ST/
M) $ !", ) & ! * ! & & ,,$ Z845#259459968986992..4=296962#
( & % 6 ($- 1 & '-$" ! ! " , 98#D29O52#9.9D45.6c2#4.459965;9O2
K 2 $ ' , [\]+ !" , ) 1 $,! .154O71d@Z<6.822#.476;2562.49194?
' )1 ! $,! ! 6 ) ^!' " _' " .19.952 f42> 59>D28. 49556865998#
('% 6 $ (-- & %, ) `Rab^& $ 68.252. gEVVZhA 48 .12 5568659 9D4O8.
2,' 1 (-- "$," )/ & !%," 4O..98#687e01692D28.65292552#.49
!% ) "!Ra& & , ( & " ) " .12 EVVZ .2. 98# 6 525945D2# 9. 98
!"$,' / 68.5OD28.2;2e
4-& % ! ! 7$,( , ", ' ) - !" 012 I54O5A =O682 D4#2945D9897687
, ) ' ) Q, ( & % ) ' 7$,( 968986992.52925.414?6.D989726.
' ) - !" , ) 6 , ", 968986992. 68 45#25.4 728259.2 91
' )1 ! $,! !/ 4-& % ! ! 94?e 012 =O682 D4#2 #2.25D682
' ", ( 1 $,! ! & 1 ! ?12.1259194??652O.954D 42.687
& $ ( ),'(, $,! ! - "$ ", + 48.59.O991 94?<2687 .12 9689869
( 2, !", ) + " , &, 6 / 92.<45=4.1e
Page 216
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
jklmnopoonqrsqtquvsurwkxs ¡¢¡¡ £¤¥£¦£§©¥§¤ª«¥
nvmtmklkvqvmvsmyv © ££¤«£©ª¦£
zvkvkvmvkvq{vjowvm ¡¦£¡¬¦¡£¡®©¦
strvm|vmsomqo{lnvqlvm ¢©©®£©¦§¦£
k~~n ~ ©¯°± ²´²µ¶²·¸¹º»¼»¸½
rk~~x~~~k~~k ¢°·²²½·²¦²
n~~~~~~w~ ¦ ·²¯¯² § °¯°±ª ½º
s~n~~~{~ ¤²¯¯¡²·¯²£½²
lsklqvwlmpowuvqlstxlvsvmvsrmkvmql » £¤§§©ª ¡¢ §©¦ª©® ©¡¤
uvktwlv{~~ ¡®¦£¢¡ª§©¡ ´°²
l s~~~~ ¢½´½ ¯·µ²¯ ´°²
v s~~~~ ¢½´½ ©¯¯²¯ ´°²
!"$ %& 'O(2)O28.*29O52D28.
+% % $ , -"$ %&/ -% H45IO5I42 49O(2)O28.D29O52D28.J
01 "-121 -1 0 "3 3, % 9689869 92. 952 96962# 68 94O5
% 4 15 9.274562K
6 7-% , 0 81& , 4": 6 H68986992.9.9D45.6L2#4.M#2(.
0134 %1--1;1-% 3 % <= 68.5OD28.NP
6 7-% , 0 1"1> $ 3"" 1?@A 6 H68986992.9.9965Q9O2.154O71RSZ
0 "-121 -1 % 0 T6.1 52U687 49ODO9.6Q2 7968 98#
1 3 "%12;1-% 3 % <= 42M#2(.68.5OD28.NP
6 7-% & 01%%, , 0 1"1 6 H68986992. #26789.2# 9.HVRSZ
> $ 3"" 1?@A%, "-121 -1 T6.18452U68749ODO9.6Q2796898#
% 0 1 3 "%12 %- 42 OI48 #2524786.648 M2)O6.U
,", -;1-% 3 1%-<=0 68.5OD28.NP98#
6 B1"1> $ 3"" 1"8 1;BCEF<G 6 H965Q9O2.154O71I5496.454MHV0WXNe
-"$ %& 0 1 -% 012 O(2)O28.D29O52D28.499689869
% % , 0 "-121 -13 -1 Y3 -1 92. #2I28# 48 .1265 96969.648 9
-% -, %18 1 %115 #256(2#(24TK
7-% , 0 81& , 4": H68986992. 9. 9D45.6L2# 4. M#2(.
0134 %1--1;1-% 3 % < 68.5OD28.N
[ % 4 1110 ":& , "1 "\0 0169.2745U6.12D4.522Q98..4.12_54OIe
] ,G] , 3 -% & 012 _54OI D29O52 9689869 92. 9.
01 0 81& , 4": 0134 %1--1$1 9D45.62# 4. 69 (4.1 49 .12 944T687
0 401-18 1 %% , :15 48#6.648952D2.K
6 7-% 0131"1 10 "3340"81-1-
0 % $ % 331"1 1 -% 6 012 968986992. 6 12# T6.168 9
% 3 3, " - - (O682D4#2T6.1.124(2̀.6Q2.414#
4% % "=0 9689869 92. 68 45#25 .4 42.
6 -& % 4% % "0 1-% 48.59.O99194TP98#
3138 " - - , 0 % " 6 012 48.59.O9.25D 49.12 9689869
% %% & : & 3 , !^0 1 92.76Q256248I26962##9.2.491
$ 3":,4 4 % % G 94T .19.952 'WWa 48 .12 I5686I9
9D4O8.4O..98#687e
7-% & 01 0 81& H689869 92. 9. 9D45.6L2# 4. 952
, 4": 0134 %1--1 -"$ %& 01 O(2)O28.UD29O52#O687.12cZdD2.14#
0 3 3%40 !^b 0 98# 952 O(2̀..4 6DI965D28.e_968 98#
3 "31, 1"1G[ % 0 42952524786L2#68I5496.454T128.12
101 10 "3"8 1, 0 - % -% 92.6#2524786L2#JD4#6962#456DI9652#e
01:%1 , &/01340121 -1 %
- G
7-% ] , , 0 81& , 4": 012_54OIg968986992.9.9D45.6L2#4.
0134 %1--1% 3 - - 0 -% -/ 68O#29198#912)O6Q928.J94O8.
,1 % -: /,1 % 8 -: /,1 % 5226Q9(2 h .59#2J 94O8. 5226Q9(2 h
,"-3 /0 -%%10 "f "1& Y,1 % 848h.59#2J I9D9 5226Q9(2 98# 4.125
$ , $ G 848hO5528.92.h487h.25D5226Q9(2e
Page 217
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
klmnopqpporstrurvwtvsxlyt ¡¢£¢¢¡¤¥¦¤§¤¨ª¦¨¥«¬¦
ownunlmlwrwnwtnzw ª ¡¤¤¥¬¤¡ª«§¤
{wlwlwnwlwr|wkpxwn ¢§¤¢§®¢ ¤¢¯¡ª§¡
tuswn}wntpnrp|mowrmwn £ª ®ª¯¤ª§¨§ ¤
lo ª°±²¡³µ³¶·³¸¹º»¼½¼¹¾
sly ll £±¸³³¾¸³§³
ox § ¸³°°³ ¨ ±°±²« ¾»
t o| ¥³°°¢³¸°³¤¾³
mtlmrwxmnqpxvwrmtuymwtwnwtsnlwnrm ¼ ¤¥¨¨ª« ¢£ ¨ª§«ª¯ ª®®¢¥
vwluxmw| ¢¯®§¤£¢«¨ª¢ µ±³
m t £¾µ¾ °¸¶³° µ±³
w t £¾µ¾ ª°°³° µ±³
! " !$% & & $ %' %( ) * 4689869 92. #26789.2# 9. 9965 59O2
+' ' %,-/ & * ' %0% % ! $ .154O7167Z86.1 8452:687 49ODO9.652
* !% + ' %0 ' 1 &'& 796898# 42O;48 #2524786.648<2=O6.:
2% * + % 3 68.5OD28.>
? $ & ! ( '@A* & $ & ++%'%1 I;48686.69524786.648J.12K54O;9822..4
+ & ' %0% % " ! 969: 6552549L: 6. 6852.D28. 68 2=O6.:
*B ' %C %& $ % * + 68.5OD28.#26789.2# 9.996559O2 .154O71
% B ! % % * + % " ! 67Z8128.12:D22..12 #29686.648492=O6.:
$% & & $ %' %( ) *+' ' %,-/)% O8#25MNPQRS98#95284.12#945.59#687e
++ 1%$0%%% % %?EFG$ 012 96969.648 6 #2.25D682# 48 98
%$ $%+%'% % $%&*$ ! ! HF' %0% % 68.5OD28.TL:T68.5OD28.L96e
$% B %% * + &*% * + H
F ! $ * !% ! K96898#4248.122968986992.952
%% %$ &* 1$%* ' %0% % ' B * !%@$ 8252552:2# .4 ;5496.454J98# .122
! %% %$ + ) $% B) 968986992.95284.OLW2..46D;965D28.
& * %' %H U%C%$ $% % B ! % 92D28.eX656#28#952524786Y2#94.125
& !1 %' ' %V' %$ ' +' B * !%& $ 684D268.12;5496.4548128.125671.49
1 &+B " * ' 1$% & H ;9:D28.19L2282.9L612#e
A* & ++%'%1 + ! ' %0% %[ * 012K54O; 22.2# .4 969:6552549L:6.
*B ' %C % % + $ ' + 2=O6.:6852.D28.O8#25.169.2745:e
!\*%%%H
? !1 % & ! X2524786.648
! 2 @)% B*' @B !% $ *% P968986992.<45J812529;;69L2J9;95.49
! B !% $ *% '\+&\ 9968986992.45;95.499754O;496D695
! * & 3 * + $%1 % 968986992.>6;56D956:#2524786Y2#<6e2eJ
& ! " 2" % @$%1 & $ *%' &\* 52D452# 954D .12 K54O;^ 4846#9.2#
&\%% ! \ \'%$ % A* &3 % ] .9.2D28.499689869;46.648>8128_
` a + *%+ * $ *% ` 0125671..452265291948954D .12
' 1 $ ' ( * b 92.19522d;652#f45
` A* & ' 1 + ! '%1 1 " ` 012 K54O; 19 .59892552# 6. 5671. .4
+ *%+ * $ *% ' 1 52265291948954D .12 92.4519
+ ! +% ( )%B 9OD2#984L679.648.4;9:.12522652#
++B " * * " !$% *%+ [ * 91948689O86.14O.D9.2569#29:.49
& 1 & & $ + *% ' & $ .165# ;95.: O8#25 9 g;9T.154O71^
&%1 %! B*$ * & ! * 9559872D28.h98#26.125<9>.12K54O;19
c;9T.154O71cb$ ' 1 2 3A* & .59892552# OL.98.69: 9.12 56i 98#
' 1 + ! '%1 [ * B % ' 52895#49.1292.J45<L>.12K54O;19
+ *%% \ $ + 0 @ 2B3 826.125.59892552#84552.9682#OL.98.69:
A* & %$ + ! '%1 ++%'% % 9.1256i98#52895#49.1292.JLO.
[ * B % ' ' * 1 *%% \ $ 19.59892552#48.5449.1292.e
+ 0 @ &% ' 1 + ! '%1
& ! $ '% H
Page 218
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268T8#482698987O972U
WXYZ[\]\\[^_`^a^bc`b_dXe`
[cZaZXYXc^cZc`Zfc
gcXcXcZcXc^hcW\dcZ
`a_cZicZ`\Z^\hY[c^YcZ
Xklmmknop[qrqstqvwxwoykl ¡¢£¤¥¦§¨©¨¥ª
_lz{|Xk}{l~klmeqvk|}vkykXklmmknXqvrqt{z ¤ª¤
[rk|klyknks{zkkld{k} ¤ ª§
`q{kn[l~kzk|klhkl ¤ª
w ỲXY^cdYZ]\dbc^Y`aeYc`cZc`_ZXcZ^Y ¨
bcXadYchnkl{zkl ¡
Ylrzv{sql`q{klmklnkl{zkl ª¡ª ¤¢ ¡
crqz`q{klmklnkl{zkl ª¡ª ¡
! "$ %&'$ ( )2524786.648*48.68O2#+
, " -/$! & 0 & " "1 $ $" A128.12B54O419.59892552#6.5671..4
0/ 0 /$2 "2 3 / 2 $ & 5226C29194E954D9892.451928.252#
0 3 !/'' 495.154O716-/$! 68.49495.154O719559872D28.F6.2C9O9.2
0 7&$ 2 ! " 63 2'$ 0 6 & 69F98#.4E19.2G.28.F6.1952.9682#.1256H
00!/ " / 2 "8 3 0 : 98#52E95#494E825164UA1286.19826.125
"!0 & ";, " -/$! 3 " 0 & " .59892552#84552.9682#OI.98.69J949.12
$ 00!/ " 2</ 2$=2 2 & 56H98#52E95#49.1292.F845.59892552#
2&$/$ / 2 "8 3 0 : 3 / 2 6 $ 48.5449.12 92.F.12B54O448.68O2.4
0 & " ! 3 & 2 2 6-/$! 524786K2.12.59892552#92..4.122G.28.49
/$20 "$ 2 1 3 /2:/ /2=$ 6.48.68O687 68C4C2D28.UT8 .19.92F.12
2'$ " /& = 1 2</ =/"&'$ ; B54O494524786K2989469.2#69I66.JU
> &0 "2$2 /2=$ 6-/$! '$ 0 "$ 012 .59892552# 92. 98# .12 9469.2#
& = & 2 /" ;?2 & 3 & = & 2 /" 69I66.J952D29O52#489I96.19.5292.
3 $"$/ 23 2/1 0</0 " "3 .125671.98#4I679.648.19..12B54O419
"@ ' = 1 3 0 & " -/$!; 52.9682#U
, /& = =/"&'$ 3 &0 = $" L48.68O68768C4C2D28..19..9H2.12945D499
'0 2 2 1 3 /2:/3 $"$/! 3 7O9598.22 4C25 .12 .59892552# 92. 6
& 1 &= /3 3 / & /< 2& D29O52#9..124E2549.124567689955J687
2 3 '$0& 0 "2 0$0 0= & 1 9D4O8.49.1292.98#.12D9G6DOD9D4O8.
0$ " 3 0 $ $"3 = 1/"0= & 8& 49486#259.648 .19..12 B54O4 4O# I2
-/$!; 52MO652#.45249JU
$/$ & 2 "$ TD4965D28.49968986992.
-/$! 0 "$ !1 2 "/$ "/3 012 B54O4 524786K2 98 94E982 945
"2!" 2 %NPQ($ $" 20$ 2 /$0 2G42.2# 52#6.42 *RLS+9459#2I.
$ 1 3 "3 0 & " ! 3 & @ '/0&&$ 68.5OD28.84.12#9.9965C9O2.154O7145496.
&= /$ ;NPQ 3 3 2/" ! 3 !/=3 454URLS 952 I92# 48 .12 #69925282
/ /$2"2"8 /" $ &1 ' $ 0!8 I2.E228 .12 48.59.O991 94E #O2 68
22$ 3 "8 /"3 20$ /$2"2 945#982E6.1.1248.59.98#9.1291
1 3 /!" " 3 / 0 -/$!6 94E .19. .12 B54O4 2G42. .4 5226C2F
3 3 2"8 8" 3 !/" / 2$"$ =$ #64O8.2#9.9894454G6D9.64849.124567689
:" : @ &;?/$2"21 3 /!" " 2992.6C268.252.59.2U0122G42.2#9194E
0<"$! /$2 "2 3 / !'$ & $ E668O#29194E954D.12924949.259
1 3 0 & " $ ! " "/3 & 1 12# 454.12552#6.281982D28. .19.952
1 0/$! " = /& 3 / 68.2759.4.1248.59.O9.25DU
!/21/ "8 /" $ &;
Page 219
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972`
bcdefghggfijkilimnkmjocpk ¡¢£
fnelecdcninenkeqn ¡£¡¢
rncncnencnisnbgone ¤¥¦¡
kljnetnekgeigsdfnidne ¡¥¡¦¡
cvwxxvyz{f|}|~|zvw ¡§¨©ª¬ª®ª¯°±²³´³°µ
jwcvwvwxp|vvvcvwxxvyc|}| ¨¯ªªµ¯ªª
f}vvwvyv~vvwov ¯ª§§ª ¨§¨©¢ µ²
k|vyfwvvvwsvw ª§§ª¯§ªµª
dkcdinodehgomnidklpdnknenkjecneid ³ ¡¢ ¡¢¡¦ ¡¥¥
mnclodnsyvwvw ¦¥¢¡ ¬¨ª
dw}~|wk|vwxvwyvwvw µ¬µ §¯ª§ ¬¨ª
n}| k|vwxvwyvwvw µ¬µ ¡§§ª§ ¬¨ª
!"$ % & ' " ( ZD)965D28.49968986992.*48.68O2#+
,-/0 $ 0 1 0 " 2 345" $$!36! ?@A952524786B2#68.C4.972`E4552#6.
$ 0 "7 %8 1 0 3 %$ " ! $6$ 0 " 2F)4O52 945C161 .1252 19 84.G228 9
7 % ! % : $ !' $ 3% $ ; <,-/ 67869698.685292 68 52#6.56H682686.69
0 !0 $ " $ $ % $ 0 " 7 % 524786.648I?@A952)54J6#2#94552#6.42
0 $ 8 "$ 62 3 !" ; % % 8 7 7 % .19.52O.954D#299O.2J28..19.952)46G2
1 %$ " ' 0 0 1=>8 $03 &,-/ C6.168.1282F.KLMD48.1*9KLMD48.1?@A+`
=> 8 (45" $$!36! $ 0 "7 % " 2 E45.14252#6.2F)4O52945C161.125219
" ' 0 3 %$ " ! $6$ 0 "7 %! % : $ G228967869698.6852926852#6.56H682
!' $ 3% $ ; <37 ! 2 $ % 686.69524786.648I9494C982652NO652#
0 3 $ " $ $ % $ 0 " 7 % 94552#6.422F)2.2#4J25.1252D968687
0 3 $ $ ! 1 ! ! 1 $!36! < 69249.122F)4O52I6552)2.6J249.12.6D68749
" 3 !0 ; $" #299O.&,-/! 1 2 0 3(4 .12#299O.*9692.6D2?@A+`
5" $ 3 " % 0 % %< P 3 1 3$ E45.59#2 5226J9G2I.12 U54O) 9))62 9
30$ " 7 % 0 !0 2 $ 0 1 6D)6962# 9))5491 68 9O9.687 ?@A`
1%2 " %,-/4Q2$ " <P 3" 0 $ 012529452I.12U54O)#4284..59H1987268
1 R $3 8 2 0 1 ! $6$ 0 "<"" 3 52#6.56HIGO.68.29# 524786B2 9 4
1% $ 37 ! 2 $ % 8 0 ! $ 94C982 G92# 48 692.6D2 ?@A 9.291
,-/ ! 1 2 0 3 3 0 !" 3 " %% 52)45.687#9.2`012U54O)192.9G612#9
3 36 4P 3 " 2 1" 3$ 1 " $! )54J6648D9.56F.19.6G92#486.16.4569
3 6S ! 8 0 ! $ 3% 1 $ % 52#6. 4 2F)256282I 9#VO.2# 945
$ 0 "2 !"6 !7 <7 % 0 !! $ 0% 945C95#M44H68799.45)2696.4.12#2G.45
: $"6 T: $"6 3 $ 1 ! 03 7 % 98#.122484D628J6548D28.̀
!3! : $ " $08 " 0 %$ % $661 4
P 31% %% 3 !"$ % % % 8 7 012U54O)486#259968986992.68#299O.
$" $ 318 7 $6" $" " 2 ; "W C12848.59.O9)9[D28.952\]#9[)9.
2 4X 1 <0 1 $ ! !" "" <P 3' % #O2`^4C2J25I6825.96892I.12U54O)D9[
0 3 " 113 " 18 %$ !" $ % 94486#259968986992..4G268#299O.
1% 1 % % 8 7 $" $ :6 1 ! " C12868.2589452F.258968945D9.64868#69.2
" $!" 1 ' $$ 8 2; P 3" 0 $ .19..12 U54O) 6 O86H2[ .4 5226J2 .12
1 %$ 1 1 ' 1 2 $6" $" 7 % 4O..98#68748.59.O99D4O8.689OG29452
" " % !R 3 2 !8 1 .9H68768.494O8.98[52#6.281982D28.
113 2 " %$ !" 3 3 %$ " $ 0 " 12#G[.12U54O)`_968986992.6C56..28
7 % 0 1 $ 62 P 34 Y!" $ % 499C128.1252684529489G22F)2.9.64849
0 2 3 !$ ' $ " 0 $ 0 $!3$" ! 7 % 524J25687.1248.59.O99194C`
; ' " $11 2$ !$ !$6" $" 4
Page 220
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972a
cdefghihhgjkljmjnolnkpdql ¢ £¤
gofmfdedojofolfro ¢¤¢£
sododofodojtochpof ¥¦§¢
lmkofuoflhfjhtegojeof ¢¦¢§¢
dwxyywz{|g}~}}{ wx ¢¨©ª««®¯«°±²³´µ´±¶
kxdwxwxyq}ww wdwxyywzd}~} ©°««¶°««
g~wwx wzwwwxpw °«¨¨« ©¨©ª£ ¶³
l}wzgxwwwxtwx «¨¨«°¨«¶«
eldejopefihpnojelmqeolofolkfdofje ´ ¢£ ¢£¢§ ¢¦¦
nodmpeotzwxwx §¦£ ¢ ©«
ex~}xl}wxywxzwxwx ¶¶ ¨°®«¨ ©«
twzw~l}wxywx ¶¶ §¶¯ «¨
! "$ % Z86.69&24786.64898#'29O52D28.
() *)%)+ , ) % ,)-) ,) / 0 =689869 69>66.62 952 96962#? 9. 686.69
0 $ %/,* )%) *)%)+ , 524786.648?9968986969>66.629.9965@9O2
1 ) !0 )% )$ 2 !3% % )% * ! ) .154O71 A5496.45 4 B=C0EFG? 498 98#
456(78/ + 0)2 3 + !): +)- >4554H687?459 #256@9.6@2 #26789.2# 9
)++ 0 ,* )),+! 3%) )% )0 12#768768.5OD28.68982992.6@212#72?9
%) )% ) 1 - +)-/ ,, ) 9AA54A569.2a
; ),)1 <
I3 %) *)%)+ , 0 $ %1 ) ) L968986969>66.62952524786M2#686.69N9.
0 )% )$ 2 ! / + + 0)2 3 9965 @9O2 98#?68 .12 92 49498 98#
+ /,+% J ) ! )*) 1 +! , ,) >4554H687 98# A9N9>2? 82. 49 #652.N
1 0 + ) +!)* ,) ,K ! % , < 9..56>O.9>2.5989.6484.a
() *)%)+ , P! 03%)0 +) + * 012 R54OAS 9689869 69>66.62 68O#2
2 0 /K! / + .5O.5226A./ 145.T.25D>98U498?4@25#599.?.5O.5226A.
+ , J / + % )Q% ) Q0)J +) / A9N9>2?.59#2A9N9>2?4.125A9N9>2T.165#
** ! %/%) *)%)+ , )3* % !2 2 A95.62? 95O2# 2VA282? 145.T.25D
0 / + 2 0 2 / + 2DA4N22>28296.69>66.N?487T.25D#2>.98#
0 0)J *!% ,)< #O2.4529.2#A95.62a
! ,% 2 +1 WO>2XO28.D29O52D28.
! %) *)%)+ , *! + 012D29O52D28.49968986969>66.62#2A28#
0 % ,)-) ,)1 /,0!+)1 )2% , 48.126596969.648?9#256>2#>24H[
)* $ J))Y
\+ 0)2 3 F49898#>4554H687
I+% J0 $ %/ + 0)2 3 L9.25686.69524786.648?68.252.T>295687 498
1 ) * ,% 2 +1 ) !0 98#>4554H687952O>2XO28.ND29O52#9.
*) 1 0!;%J ) 3;!+), ,) 9D45.6M2# 4.O687 .12 `Z& D2.14#aR968
3 3+; I]^<_ + 98#42952524786M2#68A5496.454H128
! ) ) ) % 3 % * ! )0 , + .12 69>66.62 952 #2524786M2# 9 H29
$ 2)* )J+) 0 1 ,!+ .154O71.12`Z&9D45.6M9.648A542a
3% % )0!;,, 3;!+), ,)I]^<
]) 1 0!;%J ) 3;!+), ,) )J)+ LD45.6M2# 4.6 9O9.2# >N .9U687 68.4
330!+)3* ), ;+; + 0!3) + , 94O8.98N#64O8.45A52D6OD489XO66.648
),),) *) 1 + *) 1 1 3! 0 98#922454..19.9529868.2759A95.49.12
* ) +) +!0), J !)I]^<"3;!+), ,) `Z&a012`Z&9D45.6M9.648668O#2#9968982
I]^ )K + +,* )** 0 2VA28268.124846#9.2#.9.2D28.49A5496.
% * ! ) ;,;%) ,) < 454a
() *)%)+ , + + , J / + % )Q% )Q F69>66.62945.59#2A9N9>2?4.125A9N9>2T
0)J +) / ** ! %/ %) *)%)+ , .165#A95.62?95O2#2VA28298#145.T.25D
)3* % !2 2 0 )1 + 2DA4N22>28296.69>66.N952.9.2#9.955N687
,*, !2 3% J+!K + +42 3% J;,); %8/1 9D4O8.B84.64899D4O8.G?H1619AA54V6D9.2
! %*)J,*, !)% )$ 2 !1 < .12659965@9O2a
Page 221
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268S8#482698987O972T
VWXYZ[\[[Z]^_]`]ab_a^cWd_
ZbY`YWXWb]bYb_Yeb
fbWbWbYbWb]gbV[cbY
_`^bYhbY_[Y][gXZb]XbY
WjklljmnoZpqprspuvwvnxjk ¡¢£¤¥¦§¨§¤©
^kyz{Wj|zk}jkldpuj{|~ujxjWjklljmWpuqpszy £©£
Z~qj~{jkxjmjrzyjjkcz~j| £ ©¦
_p zjm~Z~k}jyj{jkgj~k £©
v X_WX]bcXY\[cab]X_`dXb_bYb_^YWbY]X §
abW`cXbgmjkzyjk
Xkqyuzrpk_pzjkljkmjkzyjk © © £¡
~~ g~js~m~yjq_pzjkljkmjkzyjk © © ©¢
! "$ %2524786.648
& ' ( )"$ * "! "$ + : 968986969;66.< 6#2524786=2# >128 .12
" " ( ' ( ) ,)'$ * (! )" $ 4;679.648 O8#25.12 69;66.< 6 #619572# 45
* ' (" $"* ($- ,)/0 " "- 1 ' 9822#452?@652TA128982?6.6879689869
"$ + * * "2( + ( 69;66.<652@92#;<984.125954D .129D2
* , !3', ! 13 + )3 * 28#2548O;.98.69<#6992528..25DB45.12
!,)+, + )4, )$') ) (','* 5 .25D4998 2?6.687 69;66.< 952 O;.98.69<
$ !,)+, * , "- 1 ' + * D4#6962#BO1982?1987245D4#6969.6486
)4, )$') ) ( * 32* 6 ") 5 !, $", .529.2# 9 .12 #2524786.648 49.12 4567689
$32* 6 ") ,)'$ * !,("$")' 69;66.<98#.12524786.64849982>69;66.<T012
! ! "$ "- 1 ' - (* #6992528268.1252@2.6C2955<6879D4O8.6
! "$ "- 1 ' ' ,$/7( ) ( ,4 524786=2# 68 .12 4846#9.2# .9.2D28.49
3 ) 83 ) * "$ ! * (!2,(' ,$ @5496.45498#4.1254D@521286C2684D2T
* ! ) ( "23!, ) 6 (
"2)2( * ) /
]jm~kljzqXkqyuzrpk_pzjkljk E© © £¡
F) "$ * ( ' ( )"$ )( !$) G68986992.98#968986969;66.629524992.
* 1$3( 2* (!2," * (3 (!2, !2) ) 98#.1282.9D4O8.652@45.2#68.124846#9.2#
"$ "2)2( * ) 1 " ,* ! " $"$3 .9.2D28.499689869@46.64869.125269O5528.<
+ * ! * ',("$" ) $ $" 2894529;2 2795671..4 4992..12 524786=2#
3 3' 1$3( + * "$ * * $ $" 9D4O8.98#.125269868.28.648.42..248982.
3+() ")4, 25$ $"3, ( )) " ;96B.45296=2.1292.98#2..2.1269;66.62
) * 3+() " "- 1 ' )4, 6DO.9824O<T
',)3 /
XkHIurjq~]plrpk E¡£¡©
J $" $1$ 3 135K,$! * ' 31* G45D98972D28.@O5@42B.12N54O@6457986=2#
3! ) 3 2!,) ',* )," !,2*$" * 68.4 94O5 4@259.687 27D28. ;92# 48 .1265
1) + * "(2( )4, *!* 2( @54#O. 98# 25C62 >161 952 68#2@28#28.<
3 ) 83 ) ! (2( ) 3 + D98972# ;< .12 52@2.6C2 27D28.D989725
', $ 1- ' )" ,1 * , 3 ) 83 ) 52@486;2945.12@25945D98249.1252@2.6C2
) 3/ , ! (2( ) 3 3(!2," 27D28. O8#25 .1265 19572T 012 27D28.
)4, ( )$ "! * 3 13,$) D98972552@45.#652.<.4.12D98972D28.>14
+ )4, , $,3 "1 (' ) 3)' 527O95<52C62> .12 27D28.52O.68 45#25.4
* ), $ $" 3 (2") " )$3', * + " 949.2524O52.4.1227D28.98#.492
3 ) 83 ) ) 3* $ $"3 ( " ,1 .12 27D28.@25945D982T:##6.6489#64O52
) 3/ $ "! 3' ! * 4829149.12227D28.95214>868P4.2QRB
3 ) 83 ) ) 3 ,* ! * (3L M5 68O#687.1299.45O2#.46#28.69<.1252@45.9;2
,3 )$" 6" 2, + * $ " $ $" 27D28.98#.12D29O52D28.;964927D28.
3 * 6 ") ) 3+ * (!2,"* * ), 68945D9.648T
! $"$, 62,3 ) ) 3/
Page 222
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972`
bcdefghggfijkilimnkmjocpk ¡¢£
fnelecdcninenkeqn ¡£¡¢
rncncnencnisnbgone ¤¥¦¡
kljnetnekgeigsdfnidne ¡¥¡¦¡
cvwxxvyz{f|}|~|zvw ¡§¨©ª¬ª®ª¯°±²³´³°µ
jwcvwvwxp|vvvcvwxxvyc|}| ¨¯ªªµ¯ªª
f}vvwvyv~vvwov ¯ª§§ª ¨§¨©¢ µ²
k|vyfwvvvwsvw ª§§ª¯§ªµª
z blocdmpnetne licdmnid fne nijmid ° ¥¡ ¡¥¥ ²
nkjecneididtedhdkne ¡¡¡
!"$ % & %" "'( ' )$ ! 012 4524959.648 49 .12 554O46 4846#9.2#
*&+ $ % * ,* - % **/ - 9689869.9.2D28.527O652D98972D28..4D982
!$-'*/ & 0 -'* ' ( * ' & :O#7D28.;2.6D9.2 98# 9OD2 44.648 .19.
**!& $ +' , * + & (' !"$% ( $' 9992..1252445.2#9D4O8.4952<28O2;2=4282;
!( ! - 0 // 0 - ( ' /''- 0 ( 92. 98# 69>66.62; 98# .12 #64O52 49
!& &% ! - ' /''- %"-', '0! ( %+'$ 48.68728.69>66.62;9..12 28# 49.12 52445.687
!$'"( ! !"$ 1 2-'( %! -' *& ' 42564#`?825.968.@9>4O..1229OD4.64898#
* '( -'* '-$ / -( ! -*& %'/ -% 2.6D9.24O#52O.684O.4D2.19.D9@527O652
! ' * -$' -$+ ( ! ' '-$3 - - - 9D9.25699#:O.D28..4.12955@6879D4O8.49.12
( ' /''- ( *!$'"(! !"$ /$'% - 1 92.98#69>66.@9992.2#689O.O5242564#`
b|~vwxvw Aª§
$-'*/ & /$'% -''('/ -"+ * ,* 012944E687:O#7D28.952D9#2>@D98972D28.
( *$ &% !$ ! %/', % % - ')$ ! 68.12454249944@687.12554O4694O8.687
& **''%'!& $ + & - '&'B'% - 44662.19.19<2.12D4.67869698.2992.48.12
, * + & (' % ' ( * !"$ % & 9D4O8.524786F2#68 .12 4846#9.2#9689869
%" "'( ' C .9.2D28.G
- H - I &J & '" K2.25D689.64849LO8.6489MO5528@
H - &B & '" ( $'* '&N* '&-'- 0129O8.6489O5528@4929149.1228.6.62O8#25
( * )$ ! ( + * - & & ! '& .12554O46.12O5528@.19.D968@689O282.12
**!& $ +' !( ! - ( // ( $' 52<28O2 98# 2=4282 954D 92 49744# 98#
!, / $ & ( , &('+ '% $- 25<62528#252#9E294O524996898687`
*/$ !( 1 P$( $% / - ' V92#48.122484D6O>.98249.12522<98.
%""*'( $'%"(' '*( $' &$Q 0* - O8#25@687 65OD.982; .12 9O8.6489 98#
& B & '" ( ! ,' $ + ( 45228.9.648O5528@49.12M4D498@98#96.
R-'- S %('T(" ' ( +U !' +1 WO>6#6956268Z8#482696.12XO4691`
' '+ 2$ &' $ Y' ' ' - & [4E982 945 ZD4965D28. \42 48 059#2
I + NRQ 'T('Q'( X226<9>2]Z8#6<6#O9[2D28.
)$ ! *&Q ' % N % -$-- & 012554O42<9O9.24269694O8.E12526.19
('%- + '/ +^ //$ ! ! && -'( % 68945D9.648 .19.25.968 O.4D25952 O89>2 .4
( ! -** +'%^ ,'/ % & 1_ * D22..126596898694>679.648`Z8.12292;.12
+ -$ / -0 )$ ! **!$-'*/ &% 0 554O4O2:O#7D28.;>92#48.12>2.9<969>2
/$( $% B %- ( '- ' & -$ (' 0 99.98#65OD.982;68O#687>O.84.6D6.2#.4;
-$* % * -'( %-$/ - ! ( 0, &% ^ %- .12287.1496.529.648164E6.1.12O.4D2598#
+ / & (& ! && ( - - %$('- .12 O.4D256 O5528.52#6..9.O 98# 884E8
! && ( B %-"$! $ &- +('%- + '0 D9582.99.45;.4 5245# 42696 454<6648 945
- % *3 - -! ' '+ ! 'B'% - , * + O.4D25 97968.9D4O8. #O2 .4 52#O2 6.
-$ - & ! && & *& $ &' , * + 5226<9>2 9D4O8. .19..12 554O4 2=42. .4
!' - & &('+ $ !% ( ! -('-$'* "+)$ !1 42.̀
Page 223
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
klmnopqpporstrurvwtvsxlyt ¡¢£¢¢¡¤¥¦¤§¤¨ª¦¨¥«¬¦
ownunlmlwrwnwtnzw ª ¡¤¤¥¬¤¡ª«§¤
{wlwlwnwlwr|wkpxwn ¢§¤¢§®¢ ¤¢¯¡ª§¡
tuswn}wntpnrp|mowrmwn £ª ®ª¯¤ª§¨§ ¤
lo ª°±²¡³µ³¶·³¸¹º»¼½¼¹¾
sly ll £±¸³³¾¸³§³
ox § ¸³°°³ ¨ ±°±²« ¾»
t o| ¥³°°¢³¸°³¤¾³
kuxlmvywn}wn urlmvwrm own wrsvrm ¹ ¤ £®ª ª®®¢¥ ¥¡¨§ ¤»
wtsnlwnrmrm}nmqmtwn §¤¨ª§¤ª ¡ª¤¤¥¨¢ ¤ µ±³
k ¶³° µ±³
! "$%& ! %$% ! ' (! %)! & 445982 945 ZD6965D28. 742 48 059#2
* ! !+,-!(%! / 0 - 0%!(1(! 2%)! 3 8226:9;2<Z8#6:6#O942D28.=48.68O2#>
! ? @ A 0 -!(%! ABC!( 0! 0122 62696 654:6648 952 52<2:9O9.2# 98#
0 %! A! 2 A!)!BC! ! @E$B! ! &0 )$ B! 9#JO.2#99##6.648968945D9.6485226:2#9992.
BB? &!$% 2%B(! ? ! A$%& ! .129D4O8.499459829456D6965D28.4248
? %$% ! (! !)! ? %)! &% ! !F' (! )$G!)!) .59#2 5226:9;2e012 955K687 9D4O8.49.12
? %)! &% ! !H$%? C(%B ? ! A$%& ! L54O6M 94O8. 5226:9;2 < .59#2 ;29452
% )%A ? %$% ! (! ?!0! )! &&!(+)! &&!( 945982 9456D6965D28.42 9 9.52645.687
?(!?E$! 0 % &A!?A! 0!(!BI!)!)! F #9.2952#642#68N4.2Pe
Q!& ! 0! "C$!)! !)! R! (B$ A !! S96D94509T829O8#98#09T42D28.U8#25
!2!A 46629
V$0! !$A! ?$!)%$! ?$?!2!A! ! & C$(!A% \92# 48 .9T 527O9.648 O5528.K 289.2#].12
!!) WB! !2B BB?$) BC! &A! !?!A! D98972D28.JO#72 69.12 9D4O8. 49^_.125
2%B(! ! &)$G!)!)0!(!B!A% XY )) 0!A(! G!$ 848<O5528. 92.` 952 524:259;2 954D 98#
(! ![0!?!)0 ?%( A! 0! 0 $ ) )% E( "! )E$ 529O8#9;2;K.1209T_9962e
!2!AF
!2!A & ! (! 0! !2!A$)!BC! ! ' (! Z84D209T98#a9O2<9##2#09T
$) BC! &! & @ A! 0 (!A%A! 0!(!B c67869698.JO#7D28.95268:4:2#68#2.25D68687
B )%A! CC! ?!2!A ? & ! (! C!0! 456459.2684D2.9T2T628298#68#2.25D68687
B!%?% ? &A$0 )! ' b! %A! FQ$0!?!) 52#6.9;2a40e0125295225.968.5989.64898#
)$! !A 0! ?$ )% &! )$) )% ! &? )%! 4D6O.9.6489455161.12O.6D9.2.9T#2.25D689.648
?!2!A !A $B 2!0 ) 0!A ?! ) 0!(!B A& !)! ;24D2 O825.968 #O5687 .12 45#6895K 4O52 49
% ! ! E$B!(FH$%?B &!A% ( !C ( )! !)! ?!2!A ;O682e 012 L54O6 524786d2 69;66.62 945
? & ! (! C!0! C$0! !$A! ) B! !?!A! 2T62.2#456459.2684D2.9T2T6282;92#48
!A! )$0!?!))!BC! ! ?!2!A? & ! (! C!0! F 2.6D9.64849512.1259##6.6489456459.2684D2
.9T56;2#O2e
' (! )$G!)!) )E%)! &?!2!A? & ! (! C!0! 01282.955K6879D4O8.49456459.2684D2.9T
?!0!)! &&!(+)! &&!(?(!?E$! 0 % &A!?A! 0!(!B 69K9;2 9 9.52645.687 #9.2 952 #642# 68
I!)!)! fgF N4.2hie
Page 224
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268R8#482698987O972S
UVWXYZ[ZZY\]^\_\`a^`]bVc^
YaX_XVWVa\aXa^Xda
eaVaVaXaVa\faUZbaX
^_]aXgaX^ZX\ZfWYa\WaX
VijkkilmnYopoqrotuvumwij ¡¢£¤¥¦§¦£¨
]jxyzVi{yj|ijkcotiz{}tiwiVijkkilVotporyx ¢¨¢
Y}pi}zijwiliqyxiijby}i{ ¢ ¨¥
^oyil}Y}j|ixizijfi}j ¢¨
m U_bVẀcaXgaX _\VẀa\W YaX a\]`\W £ ¥
a^]XVaX\W\WgXW[W^aXlijyxij
Uotx}qrijkijlijyxij
!"$!%&!% %'( %) !%&!*! +,%)"!+- 2292 .25D 49 48.59. 36.1 528239 98#
/"$ !'! %0 1! .25D689.64844.6485.12654O49222
/"$ % %)$+!%7!%'+!1!+)$ 1! $! 7!%'+! 012 654O4 #2.25D682 .12 292 .25D 9 .12
1!+)$ 1!0!%') &!+&!!)& !)!*+!%8& )! !( 84859829<2.25D49.12292=.472.12536.198>
& %'!% ) ! " ,& 0!%'& :!+$,* (, $%)$+ 42564#4?252#<>9844.648.42@.28#.12292696.
"!%7!%' 1!7 +! :!"!1!7!"& ! ) +!% 6529489<>25.968.4<22@2562#=4598>42564#
!+!% & *!+ !%!+!%8 !)!$ ) ! " ,& 0!%' 4?252#<>9844.648.4.25D689.2.12292=696.6
& :!+$ ,* ( , $%)$+ %'!+( " 1!87 +! 529489<>25.96884..4<22@2562#S
:!"!1!7!"& ! ) +!%$%)$+) &!+& *!+$+!%;
/"$ * + "!! +,%)"!+ 1! 0!%' 012654O4192?25929248.59..19.68O#2
%:!+$, "!%7!%'!%&!%) " %! ;/"$ 2@.28648 98# .25D689.648 44.648S012 654O4
% "!+!% ") !%'!% &!*! %' A!*$! 94462 EO#7D28. 68 2?9O9.687 312.125 6. 6
!!+!( :!"!1!7!"!+!% %''$%!+!%, $%)$+ 529489<>25.968.42@2562.1244.648.45282345
"!"$ !)!$ %'!+( " 1!; /"$ .25D689.2.122924584.S012654O4486#259
") !%'+!% $! B!+)," " * A!% 0!%' 522?98.99.45.19.529.2982484D66828.6?2
%)$+ % %) B +,%, $%)$+ *!+$+!% 945 .12D .4 2@2562 26.125 .12 528239 45
!"$!% !)!$ %'( %) !%; C ) *!( )!%''!* .25D689.648SF9.25.12 4DD282D28.#9.2=.12
" $*!!%8/"$ % *! + !* ! ! 1!7 +! 654O4 52922 .12 292 .25D 69.1252 6 9
) "&!!) " ) 1!!)!$ "$ !(!% '% B +!%0!%' 67869698.2?28.45198726865OD.982.19.6
"!&! &!*! + %&!* %0! &!% %'!"$( 36.1686.48.5498#9992.6.9<66.>.42@256245
+ ! $!%%0! $%)$+ %7!*!%+!% !)!$ ) &!+ 84..42@2562.1244.648.45282345.4.25D689.2S
%''$%!+!%, $%)$+ "!"$ !)!$$%)$+
%'!+( " ;
G %'$%'+!!% * ( *!%7$) %' %! 1! JO5.125#64O5249292952D9#268K4.2LLS
) "&!!)!&!H!)!)!%II;
_px}qip}wijapyqp} ¨¨
M $ $)! ! ) "+! ) ! ! & !% &!% $ " 012 N2> 9OD4.648 48258687 .12 9O.O52 98#
$)! !*! % %' %! + ) &!+! ) !% ) ! !&! 4.125N2>4O52492.6D9.648O825.968.>9..12
)!%''!* *!,"!% 0!%' * + " +, '% B +!% 52445.687#9.2.19.19?2967869698.56N499O687
!' %0 $! !% 0!%' !) " !*) "(!&! % *! 9D9.25699#EO.D28..4.12955>6879D4O8.49
) ":!)!)! )&!%* ! * )! $%)$+)!($% " +$)%0!8 92.98#69<66.6236.168.1282@.9689869>295
& $%'+!+!% & !1!( % ;/"$ %&! !"+!% 952 #642# <243S 012 654O4 <92 6.
! $ &!% ) ! !&!!"! ) "0!%') " & ! 9OD4.64898#2.6D9.2484959D2.259?969<2
!&! !!)*!,"!%+ $!%'!%+,% ,* &! !%& $ $%; 3128 .12 4846#9.2# 9689869.9.2D28.3252
C )$! !!) % &!% ! $ %' %! 4524952#SP@6.68765OD.98298#9OD4.648
"+ !%'!% & ! ! & !% &!!) "$ !( 9<4O.9O.O52 #2?244D28. D9> 19872 #O2 .4
!+ !) "$ !(!%! !"!)!$ )$! & *$!"+ %&!* D95N2.198724565OD.982956687<2>48#
/"$;G "$ !(!%) " $)) ": " %&!*! ! $ .1248.5449.12654O4SQO1198729525292.2#
) "+! )!&! !!)) "7!& %0!; 68.129OD4.6483128.12>4O5S
Page 225
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972^
`abcdefeedghigjgklikhmani ¡
dlcjcabalglclicol ¡
plalalclalgql`emlc ¢£¤
ijhlcrlciecgeqbdlgblc £¤
atuvvtwxydz{z|}zxtu ¥¦§¨ª¨«¬¨®¯°±²±®³
hu atutuvnzt ttatuvvtwaz{z} ¦¨¨³¨¨
d{ttutwt|ttumt ¨¥¥¨ ¦¥¦§ ³°
iztwdutt tuqtu ¨¥¥¨¥¨³¨
x `jmabknlcrlc jgabklgb dlc lghkgb ® £ ££ °
lihcalcgbgbrcbfbilcwtutu ª¦¨
j{|t{tul{|{wtutu ¥«³¨¥³¥¥« ¦¥ ª¦¨
! "$%& %$% ' ( *4+982945,268268-9O249Z8/28.4562
$ )
! 0$%& 1%$% ( *4+982 945#2682 68 /9O24968/28.45626
1$ ) ) ! 2 3$) $040! ) !% 2.6D9.2#@92#48.12 @2.9/969@299.98#
& !$ ) 5 !$2 %0 2% ! ) 0 !$3 ! 65OD.982 68O#687A@O.84.6D6.2# .4A.12
01 ) 506) 4 01$ ) &) 2 ( 0 5 $& 68/28.4562B4+8C1E6948#6.648A.1265D95F2.
7% (1 $5 ! 2 3 1 ( ) ! 2 2687C562A2.6D9.2#4.494DC2.64898#
3 & ! 23%(%!%0 17% (8 2.6D9.2#4..4@268O552#945.126592^012
) :(% 023 ( ) ) % 0 7 0 !$) 1 ! 94+982 6 52G2/9O9.2# 98# 9#HO.2# 9
!23 46$2 & & 221& $% 9##6.648968945D9.6485226/2#9992..129D4O8.
7%2( &) ! 2 8 2.6D9.2#^
' ( !$;!!1$ ) <$%1 !( 1 012955E6879D4O8.49.12I54OCB68/28.456299.25
! 0$%& 1%$% ( 1$ ) 1 ) 94+982945#268268/9O24968/28.456299.
!&& (=!&& ( 1(16$ ) %&010 ) (2 52C45.687#9.2952#642#68J4.2K^
> !!?8
! %$% ' ( %!&( 2 *4+982945ZDC965D28.49L9D9M226/9@2
N1$! ) %&010 ) (2 > !! P51 %!& * #6O2# 68 J4.2 SA C9D9 5226/9@2
1( 2 2$%1 0 3 =3 & ) 0(% $0 52C5228.#6@O52D28. D9#2 945.12 4. .4
%!%0 1&23 & 1$03% 1( 2 8<$%1 #2/24CC9D9C98.9.648^012I54OC2.6D9.2
2!10 ! 2 1 1%$% ( 94+982 9456DC965D28.49C9D9 5226/9@2
1 %!&1( 2 )& 2&&% 01)0! O687 728259 9CC5491 49 TUV 9 .122
%2%2 Q>R 0$ 1 %!& 2& )%& 5226/9@2 48.968 67869698. 96898687
06216123 & & 4 08 4DC4828.^
W 0 3(%2 ) 1 &0! $ 06 0$) ! & [128.12521984.@22867869698.68529268
& 4 0 70 X (06!$051 ) ) $0 52#6.56F6824567689.648A.1294+9826@92#
1 ) Q>RYP3%(8<$%12!101 %!&) $ 48 .12 \SGD48.1BTUV^ 012 I54OC C56D956E
2 &=2 & 1$6 0 1( 2 2& (2 #2.25D682# 9 5226/9@2 954D 68#6/6#O9C9D9
1 &0!$ 060$) ! & & 4 00! 0 3 C54H2.1967869698.6852926852#6.56F+128
1&23 & 0!% (1$ 0!$2(3 3 .12 9.O9 #2/24CD28. 4. C25 12.952 6
1&23 & 1$ 0!$ &) 1 0! ) (2 2]22#687 .12 97522# #2/24CD28. 4. C25
1$77 0$) ! !$ 061$ ) 0$) !%$8 ) 12.9529.9.2#68.1252#6.97522D28.@2.+228
! ! 0 5 <$%1 2!10 ! 2 0$%& .1244C259.6/298#.1252#6.45^*..16C468.A.12
1%$% ( 2&&% 0 Q>R 1 7& I54OC2.6D9.2.126DC965D28.4O687692.6D2
%2%$ 8 TUV^
Page 226
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
ijklmnonnmpqrpspturtqvjwr ¡ ¢£¤¢¥¢¦¨¤¦£©ª¤
mulsljkjupulurlxu ¨¢¢£ª¢¨©¥¢
yujujulujupzuinvul ¥¢ «¥¬ ¢ ¨¥
rsqul{ulrnlpnzkmupkul ¡¨¬¨¢¨¥¦¥¢
j}~}m }~ ¨®¯°±³±´µ±¶·¸¹º»º·¼
q~j}~}~w}}}j}~}j ¡¯¶±±¼¶±¥±
m}}~}} }}~v} ¥ ¶±®®± ¦ ¯®¯°© ¼¹
r}m~}}}~z}~ £±®® ±¶®±¢¼±
isvjktwul{ul spjktupk mul upqtpk · ¢¡¬¨ ¨¬¬ £ £¦¥¢¹
urqljulpkpk{lkokrul}~}~ ¥¢¦¨¥¢¨¨¢¢£¦ ¢ ³¯±
s }}~u }~}~ ¥®´¼±®¼¨®®´ ¯® ³¯±
!"! $ % ! &% ' +4,982945ZD-965D28.49/9D902261922
(% )! * 348.68O2#4
5"!6 '& !& 78: 6 ) & !'!" 012I54O-9O9.2692.6D2JKL292#48.12
;"< "= 6"= " ==!" & = > 2M-2.2# 91 145.99N #64O8.2# 9. 98
< < =??= <& 6"= " @A7 B %C 9--54M6D9.64849.124567689JZ0e+91145.996
E=!" & = < % % " "! = & .12#6992528222.,228.129194,.19.952#O2
') < =5"!6 ! =?" =< "! = & .4.12I54O-68945#982,6.1.1248.59.98#
< " 6= = < " ' 5"!6> & < ' .129194,.19..12I54O-2M-2..4522612N
;"< "= 6< 6 < " 6"=;! 6% ' ,16162.6D9.2#292#48.1252128O2954D.12
< =!" & ; 6)! % C6'; " 6?=?=< -9D9-98.9.648#2#O.2#,6.1.124.4992N
;!& =; =CZ8-O.! ' &< &! = !!= -5686-998#68.252.-9PD28..4.12298Qe012
' < % "& )! %FA@> %6"?<!= Q2P68-O.9--62#945.162.6D9.648952.122687
6"=;! 6% ' >; 6"?<!= < &= -562 49RRSN-54#O.648 P62# 49.12 -9D9
G% C < H %! !% & < -98.9.648N-54#O.648 4. 98# 6899.648 59.2e
< ! = <& '; G?"' & 0122-541664895252T219O9.2#98#9#UO.2#9
< " ' 6 < 6 && %6% 6?" C 9##6.648968945D9.6486522612#9.29152-45.687
#9.2e
)% %; " V 6 ! & 6% ' RO5.125#2.9648-9D952261922952#642#
< !&= 6= < % '8 WXC 68Y4.2[\e
!< ]'; % E") E " B /2864898#JD-4P22S28296.
&!=!" =B ) ; < ; 6 ! < 012D29O52D28.49.12I54O-`42679.64898#
% ; % '; % =") 5"!6 ;"& !& 6 < 4.945-2864898#2D-4P22228296.69266.626
6' % !' & < &! = ?% =! " #2-28#28.486.22.6484925.9689OD-.648
<6< < % ' '& !& )!'% ^)!'% O2#2P.12 68#2-28#28.9.O9562689O9.687
" ;!C_ !' " ;! "' != " % > O19D4O8.e01429OD-.64868O#29D487
&= < =?? ! > &= = = & ) 4.125N988O9#64O8.59.2N9O.O52988O9995P
! > &= 6&!<!" < " = " B > &= 685292 59.2N526789.648 59.2N988O9#69266.P
V V ! >!'!"6 !< "G" &= 59.2N52.652D28.97298#D45.96.P59.252925282e
'?" % CE!!& !="!& =! " % & +.O956979684542956687954D 2M-256282
';!%< " 6 ! 6& % ' 6"!; 9#UO.D28.98#19872689.O95699OD-.648
< % ' !' ^ !' =! " %< =! &" 6 < 952 524786a2# 6DD2#69.2P 68 .12 4846#9.2#
% 6?" 6? =! & =? ?% < <& .9.2D28.499689869-46.648,6.194552-48#687
<; !="< = %<?% ; '% %! 6& % #226.4552#6..452.9682#2958687.154O714.125
=?'6" G% < % '6" ?<=") < C 4D-52128612 684D2 68 .12 -2564# ,161 .12P
4O5e
@' " !5"!6 ;"= = ; B !' d162.12I54O-226212.19.6.9OD-.648952
" ;! < % B ) "< ! C$ % "V ? 52948922 98# 9--54-569.2e012 82. 955P687
% ; % '; % =") = " B 5"!6 6 < 9D4O8.49.12 I54O-` 69266.62 9452D-4P22
&& %^ && % 6% 6?" < !&= 6= < % ' 228296. 9 9.52-45.687 #9.2 952 #642# 68
8 bcC Y4.2fge
Page 227
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972_
abcdefgffehijhkhlmjlinboj ¡¢
emdkdbcbmhmdmjdpm ¢¡
qmbmbmdmbmhrmafnmd £¤¥
jkimdsmdjfdhfrcemhcmd ¤¥
buvwwuxyze{|{}~{yuv ¦§¨©«©¬©®¯°±²³²¯´
ivbu vuvwo{uuubuvwwuxb{|{~ §®©©´®©©
e|uuvuxu} uuvn u ®©¦¦© §¦§¨¡ ´±
j{ uxevuuuvruv ©¦¦©®¦©´©
y aknbclomdsmd khbclmhc emd mhilhc ¯ ¤ ¤¤ ±
mjidbmdhchcsdcgcjmdxuvuv «§©
k|}u|uvm| }|xuvuv ¦¬´©¦´ ¦¦¬ §¦ «§©
! " $ %2&5269.64849'6(2#)2.
*+ $,-/0 $ 1+ 2 13 012 4.4996(2#92.952 #2&5269.2# 48 9
433 2 4 -1 3 ,+ / , 5,1 ,2 .59671.H682 D2.14# 4I25.12652.6D9.2# O29O
+4 +4 4 6 2--4+ 78 :4 6I2_J98972D28.&54&25K2.6D9.2.12O29O
43 +4 +4 4 6 2--4+ $ 6I249.12296(2#92..4L2M6.168N.4PQK295_
, ; 4$ +13 <= 0 7>+ 1 /0 4 , 01229524DD486922(&2.98629&&62#68.12
3 ?, 4 4 1+0 ,$2 1 /4 +1 ,+1+ 68#O.562 M1252 .12 R54O& 48#O. 6.
4 @, $ 4:/2 5+ + 7 , 5 0 LO6822_S19872 68 .12 2(&2.2# 2I249
+32 $4 2 + 1 $,245 3 2-/-3+ O97298#.21844769#2I24&D28.4O#6D&9.
1 $ 44$3 , 0+4 4 6 2--4+1 .122484D6O29O6I298#.12526#O9I9O249
+/+ + A1 2, 55 $ .122 92.T98# .12529452 9O.O52 #2&5269.648
4 1$ 1 $ 1+,B+ +7C+/+ ,? - 195724O#L252I62#_01282.955K6879D4O8.
$ @, $ $ 1 33 /E 33 / $/$-, 49.12R54O&U96(2#92.99.52&45.687#9.2952
1+ 32$21 /4 F G;7 #642#68V4.2WN_
, C+/+! C-E2 3 ZD&965D28.49V48H9689869)2.
, +/+ +45 / +/+ ,? )86D&965D28.2(6.M128.12955K6879D4O8.49
XY 4/5+0+: 4/0 ,$ /+02 A + 3 9892.45SR\2(22#6.524I259L29D4O8.T
/5+0 +33+ , +/+[ :,1+2 ,3+5+ 2 M1616.12167125496.9965I9O224..42
4: /1 +/+$ 2+ 7C+/+[ :,1+2 ,3+ 98#6.I9O268O2_0129965I9O224..42
5+ 24: /1+1 ,2 $ 1 1 3 9O9.6486L92#489I969L2#9.9954DL68#687
, 1+ 1 ,+ , 2 +$: / 3 43+2 92.5989.648689895DU287.1.5989.64849
3 1+5 1 /4 , 2 +-,4 / 6D69592. 454L25I9L2 D95]2.&562 2
, $ 0 ,3 $ , 3 1 $ 1+4 + 6852D28.94.945#6&468749.1292._
1+2 ,3+13 5+ 45 0 3 1 $
1+ ,+5 +213 $/$ 7
^ /4 430+ 3 +/+$ 2+A +4 + , 2 Z8 92687.12I9O268O2T.122.6D9.2#82.
4 1$ -1+1+ 2- -22+/+2++13 9O.O529194M952#64O8.2#.4.1265&5228.
433 2 +32 1+ 2- - 3 I9O2 O687 9 #64O8. 59.2 .19.
433 45 ,2 $+/+ $ , 2++1 ,++/+ 5292. O5528.D95]2.92D28.49.12 .6D2
[ 2 31 ,+ +2- $ +6+2 7 I9O249D482K98#.12&269656].4.1292._
Page 228
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972^
`abcdefeedghigjgklikhmani ¡
dlcjcabalglclicol ¡
plalalclalgql`emlc ¢£¤
ijhlcrlciecgeqbdlgblc £¤
atuvvtwxydz{z|}zxtu ¥¦§¨ª¨«¬¨®¯°±²±®³
hu atutuvnzt ttatuvvtwaz{z} ¦¨¨³¨¨
d{ttutwt|ttumt ¨¥¥¨ ¦¥¦§ ³°
iztwdutt tuqtu ¨¥¥¨¥¨³¨
x `jmabknlcrlc jgabklgb dlc lghkgb ® £ ££ °
lihcalcgbgbrcbfbilcwtutu ª¦¨
j{|t{tul{|{wtutu ¥«³¨¥³¥¥« ¦¥ ª¦¨
! "$% &'( ) *! + % , ZD-965D28.49/480968986912.248.68O2#3
4 ! 55% ( ! 6 + 7( )8 : % ( Z8#2.25D686879965A9O224..42B5228.
5+ !; 7) ( < ) = 6 = $ D95C2..5989.648 952 .9C28 68.4 94O8.B69
% (< ;+( % $7 >?( %7 (% 7 = %% $ ($ 9A969E2^Z984O1.5989.64898E26#28.6962#B
% $8 %;@ =5)) ( 5&7!=! : ) 989--54-569.2A9O9.648D4#26O2#EF.12G54O-
$$ % ( 5% ( ! 6 + $%> .4 #2.25D682.12 9965A9O2 49.12 92.^0122
<% ) '= <% ) 7= 7 ( 7) 9O9.6489524554E459.2#EFA9O9.648DO.6-2
=! DO.6-2 % 7( %& ! 6 + : ) 454.1259A969E29965A9O268#69.45^012A9O268
% $7 > <% ) ! = ( 77 $ ( = 7 O29O9.6486E92#489#64O8.2#9194H
5&7! $( $: )77$(&%&( > D4#2^
&:($ $( $;= &:($=7 = % 7 &: !% 012 9O.O52 91 94H -54R2.648B.12 -54R2.2#
$ % = &:($ =)<5 % 8 : 5 $ 7= 52A28O2954D 54F9.F98#.129O.O524.9A687
%7 (% 5 $ ( (%I% $ $% (% $ $ @ =: ) -54R2.648#484.68O#252.5O.O56879.6A6.62.19.
8! 5 7 = ( % : % I$% $$)J( 7 .12 G54O- 684.F2.4DD6..2# .4 4567869698.
5 $ 7= : ) ( 5)( %( ( + 7 9O.O52 68A2.D28. .19.H6281982 .12 92.S
KL: )7 +>? 5! <% = !<( = !)$$%J -25945D982 49 .12 TGU E2687 .2.2#^ 012
% < 7 = %)( %7$(&%& : ) 7) ( % ( 524A259E2 9D4O8. 6 D4. 286.6A2 .4 .12
5&7! $( $: )77$(&%&( $= %< !: #64O8.59.2 O2# 945.12 #64O8.2# 91 94H
7) $ ( $ 5 $ ( 5 $ 7= : ) D4#29H29.122V-2.2#9O.O52916894H
7< =( 7 %)( % = % 58 < : ) 98#.12754H.159.2O2#9452V.59-49.648-O5-42B
7) ( % ( % + ($% =&! $; 75 H161952.12C2F9OD-.648O2#.4#2.25D682
5 = ( $ 5$ % 5 : ) 7) ( % ( .12524A259E29D4O8.945.12#6992528.TGUB952
5% ( + 5! <% = !<( KL: )8 87 ; 9O5.1252V-9682#68/4.2WX^
7+! $( !8< M7 ! 5N % % PQ>
Y +58 (: ( 8 <6 ;$! : )%! < \98972D28.E262A2.19.B4.125.198#642#68
7 )( =( 7 ! 5 N % % P[ 7 PQ;%7 ( /4.2 W] 98# WXB.1252 H9 84 68#69.648 49
% 7 = %7( $ % $(5 )( = ! -4.28.696D-965D28.68A9O296V2#92.B744#H6
=&%$ ! % $ $%%% =;744#H67 $%% ( 98#68.9876E292.-5228.2#68.124846#9.2#
8 6 + 7 : ) 7$ +( = 7 ! =& =&$$ .9.2D28.499689869-46.6489.52-45.687#9.2^
( ) (&$&!7 $ = 7 % )) !'% )) ! 012955F6879D4O8.49.12G54O-S96V2#92.B
=! =& > ! % M % % $%%% =;744#H67 744#H698# 68.9876E2 92. 952 #642# 68
$%% (8 6 + 7@ =7 )( =( 7 ! 5N % % /4.2W]98#WX^
P[7 PQ>
Page 229
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972`
bcdefghggfijkilimnkmjocpk ¡¢£
fnelecdcninenkeqn ¡£¡¢
rncncnencnisnbgone ¤¥¦¡
kljnetnekgeigsdfnidne ¡¥¡¦¡
cvwxxvyz{f|}|~|zvw ¡§¨©ª¬ª®ª¯°±²³´³°µ
jwcvwvwxp|vvvcvwxxvyc|}| ¨¯ªªµ¯ªª
f}vvwvyv~vvwov ¯ª§§ª ¨§¨©¢ µ²
k|vyfwvvvwsvw ª§§ª¯§ªµª
z blocdmpnetne licdmnid fne nijmid ° ¥¡ ¡¥¥ ²
nkjecneididtedhdkneyvwvw ¡¡¡ ¬¨ª
l}~v}vwn}~}yvwvw §µª§µ¡§§ ¨§ ¬¨ª
!"$%&"'( ) *6D98.687+4.
,&-/ "01"$%" & ()!&()( )"2 012@54OAA54B6#2945.124.4952.456879528.2#
"$1( 3 &1(&%"% 34" "$ &(5) 98#C125292794548.5O.6B24E679.6482F6.`
6 $6)-/-" %!"()&-%)5786" -)-2%" 01652GO652982.6D9.64849.124..452.452.12
() ( " -")-% & ()!&( )"2 98#E92#48.12E2.2.6D9.249.122FA28#6.O52
&1(&%" () () &%) &21// "$ 6-&" 52GO652#.42..2.124E679.64899..1228#49.12
"$ 1/ &6-%" -")-% " 6 (%" % 34" 52A45.687#9.2H#64O8.2#O6879A52I.9F#64O8.
) &( -)/1()%2&)2-"/ 6/!&":12)-"$ 59.2.19.5292..12O5528.D95J2.92D28.49
&1(&%")"$%)1(%!")!( 6- /4% "$ .12.6D2B9O249D482K98#56JA2696.4.12
"0 & "%"%!"1(/(&) &%")("63%)- 69E66.K` 012 955K687 9D4O8. 49 .12 @54OAL
1&-"$1"&(%! "$) &%)6 6)() &( -)7 2.6D9.2#69E66.6294592.#6D98.6874.99.
;6 ) &0)) 6 6)( 1 () ( )( 52A45.687#9.2952#642#68M4.2NP`
/ !"$%&" ( ) ) )/ ,&-/ /1
)"$$6<)"$$6 / 6/!&" 1-"$%/%" 16
=))">?7
Q() ()(R-%- -"$ "4 " S"%& ")6 V.6D9.687.12Z852D28.9W4554C687X9.2YZWX[49
TR SU1&R-)-R 3 9\292
,&-/ )1% 1/)6"$(-"$ " ")-%" )"$%) 012 @54OA 9884.529#6K#2.25D682 .12 68.252.
-"$ /6()16 ( 3:!6 2%& ")-:,&-/ 59.26DA66.68.12292H.12529452H6.O26.ZWX.4
"$$-"%"R S-")-% "$-%-&6 6)(( 37 D29O52 292 69E66.62`012 ZWX 6.12 59.2 49
R S162)"$%) -"$ "$2&-(1 &!6 2 68.252..19..12@54OAC4O#19B2.4A9K.4E4554C
,&-/ -")-% "4 16 4"$% 3%)- "$ 4B2596D695.25D`
( 7
] "$" 1 %": R S "0 & "%" )"$%) 012ZWX.125294525292.68.252..12@54OAC4O#
-"$ "$2&-(1 &!6 2,&-/: "$/ &6- 19B2 .4 A9KHC16152GO6522.6D9.648C128 84
1 () (% )%)1%1)"$%) -"$ "$1/) 4E25B9E259.29529B969E2YO1994528.6.62
6"$(-"$1 )T( / &)-")-% "))(16 ,&-/ C6.168.12@54OA.19.#484.28.2568.496898687
"$)1% 6%-%")&"(%(/ "U)- .5989.648[45C128.12K822#.4E29#^O.2#.4
% )% )"$%) -"$ / &6- 1( (-%" -")-% 5292..12.25D98#48#6.64849.12292`
"0 & "%"/ &( &)"1"%!"1(( 37
,&-/ " )/%" () (R S "$$-"%" 012 @54OA 2.6D9.2.12 ZWX O687 4E25B9E2
68AO. "$1/)1 )T( / &)(-%- -"$/(&U 68AO. YO1 9 D95J2. 68.252. 59.2[ C128
4%) &( 11" -) () ((/ (5%-")-% 9B969E298#D9J225.96828.6.KIA26962.6D9.2
"))() &) ")-4%1/ &6-%"7 982295K`
"$-"$%/"6 26"4-) "$ "( 3) &1/) _O5.125#64O5249292952D9#268M4.2NN`
/1=))">>7
Page 230
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ´µ·¸¹º»ºº¹¼½¾¼¿¼À¾À½ÃµÄ¾
|| ¸¹·µ¼¼½Ä¼·¹·Â÷¿¼
|||q ¸ºµ¿¼µºµÅ¿Æº¸¼ºÇ·¹Âµ¿¹
»·¸Â¸Æ·ÂǼµÂµ¿À¿¸µ¼
| ¢£¤£¥ ÂÈÉʹËÍËÎÏËÐÑÒÓÔÕÔÑÖ
¦§¨|©§ª¢¨©«¢¥||¢ §¦ »ÉÐËËÖÐË¿Ë
®«¯«¨¥°§¦§«©± ¿ ÐËÈÈË À ÉÈÉÊà ÖÓ
²§««ª¦¨«³ ½ËÈȺËÐÈ˼ÖË
| ƼŸ¹Æ¼ſ½·ÂÇ¿¸µ¼
! " $ !" %"% "%& '9198#912(O6)928.486.49*
¢£¤£+ ¢£¤££+
¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ
,-/00 12/--3 ÆÖÈÉÖ
¥« ¨ ÆÖÈ ÏÖ4È
5 6 78:;% < Z8=O>691
?@A $B C @E$FB C G H/12I/HH H/2H/12I J0K98LM2790NLPM279Q
?@A $R ? " @E$FRSTG H/,0/3H 2/20/,I3 J0K98LZ89J25#9890NLPZUVQ
?@A $W !" 6T % @E$FAWTG 1/,I2/IHH 1/I1-/1I J0K98L'28.59V690NLPK'VQ
?@A $AA:$X;% @E$FAAYG 1/H-/3- [ J0K98L\KKOL4>680NLPKK]Q
?@A $8 $^ !R X % J0K98L=9L_9.Z8#48269
F? " "XG@E$FA8RG ,H,/,1, 1-2/,32 PJ25254Q0NLPK=ZQ
?@A $Y`AR X % 323/H3 12/-H- J0K98L]aKZ8#48269
BYbc 2,2/2H, 2 M]df
?@A $gXX"%h : " R X % J0K98Li4456j9O#959Z8#48269
1,0@E$FAghG 2/11 , klmn0NLPKijQ
?@A $? "7 ! @E$F? "7 ! G 13/3I 11, J0K98LJ25D9.90NLPJ25D9.9Q
?@A $B %"%F? " "XG@E$FB %"%G 1I3/1I3 1HI/0HH J0K98LM98#656PJ25254Q0NLPM98#656Q
o % [6 % F7 % C[7 % C
%E r <8;1/G 1H/32 1-0/-,, a.125P291N24s=>kmmtmmmQ
5 6 77 ! : C % C Z89452678O552862
FW ! ! 2G PU4.2uvQ
AWT 1/,10/32I I/2,I/I0 K'V
?@A $S C " R X % J0K98LU27959Z8#48269
F? " "XG@E$FASRG ,-0/I- 1/,1/,I PJ25254Q0NLPKUZQ
B C ,23/,20 I/30H/21 M279
?@A $5 7X R X % @E$ --H/,1H ,-H/2, J0K98Lw989D48Z8#482690NL
@< h : %A"%!% <A $ HH3/1,2 100/I12 012j9O#6K56.61K98L
A8R 2,0/0I [ K=Z
Y %! `x " A $FY`AG 2,3/H0 /H1 ]86.2#a)2529K98LF]aKQ
S !%X 6WX77 "y% 6A $ 2,/01H 2I/111 U9.6489'4DD2569K98L
@< S !%X 6A $Xz:r %! I10/3 [ 012U9.6489K98L49\Os96.
RST 12/1IH H1/,II ZUV
h:7%!X7XB%! :%A $% C jOD6.4D4M6.O6K98L687
WX";X" !%X FhBAWG 1I/10 1/3,/020 '45>459.648PjMK'Q
WX77 "y% 6R !" !%X 6A $Xz{C^;! 3/0,H 13H/2,- '4DD2569Z8.2589.6489K98L49}7_>.
o % [6 % F7 % C[7 % C
%E r <8;1/G HIH/I03 2-,/1I a.125P291N24s=>kmmtmmmQ
@X! 6$ %E $ I1/H0/03 I/,H-/H1 04.99168N98L
¦¢¨~¥«¦ ¢¯¨ ÆÖÈËÖËÈÎËË ÉÈÈ
5 6 78:;% < Z8=O>691
RST H/0I0 H0/I0- ZUV
B C 012/3 1/1H/ M279
?@A ${A R X % J0K98L\}K989Z8#48269
F A $G 2I3/ 2/ P989K98LQ
?@A $@ E: C ? %: J0K98L09NO8798J286O898
S %X 6@E$FA@?SG 2/ I--/ U964890NLPK0JUQ
? "7 ! 2/ 13/ J25D9.9
?@A $`WAWSRh?@E$F`WAWG I1-/, 1,/- J0K98La'K'UZjJ0NLPa'K'Q
?@A $5 7X J0K98Lw989D48
R X % @E$F5 7X G I/ [ Z8#482690NLPw989D48Q
A8R 10H/ 1/ K=Z
?@A $BSWR !" %X 6@E$ 13/ 13/ J0K98LMU'Z8.258964890NL
?@A $Y`AR X % 13/ [ J0K98L]aKZ8#48269
B %"% [ I/ M98#656
o % [6 % F7 % C[7 % C
%E r <8;1/G 2/0 H/01 a.125P291N24s=>kmmtmmmQ
Page 231
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q|| ³´¶·¸¹º¹¹¸»¼½»¾»¿Á½¿¼Â´Ã½
|| Á·¸¶´»»¼Ã»¶¸¶Á¶¾»
|| |q ·¹´¾»´¹´Ä¾Å¹·»¹Æ¶¸Á´¾¸
º¶·Á·Å¶ÁÆ»´Á´¾¿¾·´»
|¡¢£¢¤ ÁÇÈɸÊÌÊÍÎÊÏÐÑÒÓÔÓÐÕ
¥¦§|¨¦©¡§¨ª¡¬¤||¡¦¥ ºÈÏÊÊÕÏʾÊ
ª®ª§¤¯¦¥¦¬ª¨° ¾ ÏÊÇÇÊ ¿ ÈÇÈÉ ÕÒ
±¦ªª©¥§ª² ¼ÊÇǹÊÏÇÊ»ÕÊ
|®¦¥² ÅÁ»ÄÁ·¸ÅÁ»Ä¾¼¶Áƾ·´» ÌÈÊ
¡¢£¢ ¡¢£¢¢
¸ÊÌÊÍÎÊÏÐÑÒÓÔÓÐ ¸ÊÌÊÍÎÊÏÐÑÒÓÔÓÓ
¥¡§ ¤¬ ª¥ ¡®§ ÅÕÇÊ ÕÊÇ ÍÊÊ ÈÇÇ
®¦¥² ÌÈÊ
!"#"%%"&"'"()"*+(),-"&"&"(/0 Z89452678O552862124.2345
678- :;<:=;; > ?@AB
8CEF GG=:;<; HI:I/J A0K2
7L)" G=:=II =:I; @279
88M /<;:JHH /</:H AAN
!"("%P( H;J: I/:H/; Q989D48
MR8 H:/HH HJ:;G; NSA
T"("8"(U I;:HI HH:=J/ V989A98W
7"(X+Y+ <:HJ= HJH:= @98$656
8[\ > J:G= A]Z
^"+(>#"+(,%"*+()>%"*+()X+_"`"a
[b==:===0 <;:J;H G=:HI< S.1251291c24d]fghhihhh5
CP&"#XLbP*+&P_LYj"()U" :===:I; G:;</:<<= 04.9.6D2$2f46.
| ¥ ¢klmlnok ¢lnlno ´ÈÕ
[LUL(+() X+_"(U %L%+#+U+&+()U"&*'U' _'()" r4O8.68c98W19s2949.68768.252.59.2c92$
%L()"%_"() *L*'"+XL()"( &+()U"&bL("`"Y"( 48.12499252$59.2954D291c98We
b"X"%"*+()>%"*+()_"(U:
t+*"Y"(&+()U"&*'U'_'()"&"a'("(X"Y+XLbP*+&P 0125987249988O968.252.59.249.6D2$2f46.
_LYj"()U""X"#"a*L_")"+_LY+U'&u d2529944dv
¡¢£¢ ¡¢£¢¢
¸ÊÌÊÍÎÊÏÐÑÒÓÔÓÐ ¸ÊÌÊÍÎÊÏÐÑÒÓÔÓÓ
¥¦ ÅÏÏÊÌÊÇÊÈÍ ÕÈ
['b+"a /wIIx>IwJ=x HwHJx>IwHJx ]Of691
!P#"Yy6 wJx>JwJx =wHJx>GwJHx N?Q495
E"X" &"())"#>&"())"# bL#"bPY"( &+X"U &LYX"b"& r..12 52f45.687 $9.2i.1252 d252 84 c9982
*"#XPU"*X"(*L&"Y"U"*XL()"(b+a"U_LYL#"*+w 49 91 98$ 91 2{O6s928. d6.1 529.2$
ULz'"#+ bL(L%b"&"( X+ \Fy b"X" &"())"# f95.62i 2}2f. f92D28. 9. Z2r 9 49
/!L*L%_LYH=H/X"(/!LzL%_LYH=HH: Q22Dc253gi~h~398$Q22Dc253gi~h~~e
l |¯ q »Ä¹Â´´¾Â¿¶·¾»´¿¾·´»
\(L*&"*+j"()U"bL(XLU&LYX+Y+X"Y+_LY'b"+(L*&"*+ ?145..25D 68s2.D28.952486.4968s2.D28.
b"X"b"*"Y'"()X"(YLU*"X"(": 68D482D95W2.98$DO.O99O8$e
Page 232
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
lmnopqrqqpstusvswxuwtymzu ¡¢£¤££¢¥¦§¥¨¥©«§©¦¬§
pxovomnmxsxoxuo{x «¡¢ ¥¥¦¥¢«¬¨¥
|xmxmxoxmxs}xlqyxo ¡£¨¥£®¨¯£¡¥£°¢«¨¢
uvtxo~xouqosq}npxsnxo ¤¡«¡¯«°¥«¨©¨¡¥
m p «±²³¢´¶´·¸´¹º»¼½¾½º¿
tmzmm ¤²¹´´¿¹´¨´
py ¨ ¹´±±´ © ²±²³¬ ¿¼
up} ¦´±±£´¹±´¥¿´
lntmxo~tsxx «¯¯£¦¡¥¬¨¯¨«°¨¬«¢¨
!" $% &'( ' ( ' ) *4O8.5226+9,2-.59#2486.49/
p0 p0
¢´¶´·¸´¹º»¼½¾½º ¢´¶´·¸´¹º»¼½¾½½
lu ¹¿¹´±
&1!"" !123 1 456758: 4584;5;4 <49=O.4D25
&1!"" !1 '!&"&' 45:;:5:68 45;:>548 ?452678=O.4D25
@2 1A % 3B& " >58>5::; >587>5> 04.9-0165#C95.62
&!E $ % ! $ &! ' ! !F 1 G:765>;H G:7;57:H *4I982945ZDJ965D28.
% 3B& " AF& 2 >5656K; >56;K5K4K 0165#C95.62-L2.
lz| :5:K;5>:> :57K5;;: ¬´¿´¿¹´± ¡²´º»
mMNoM PQPRS RRT ²¿ ¡´
U V ( ' % W !" ! ( ! '!$3$ ! ' X' Y 01289.O5249529.64816J98#.5989.64849.12
(&!" ! Y % 3AY % 3 W&'&1$ ( [&1$3! Y ( ]54OJI6.1529.2#J95.629522^J9682#68L4.2_`e
\ !4:5
a! 1 $ $ b 'Y !" $% ( 1%$&W " W&' 3 ) 01297687989c64994O8.5226+9,2-.59#26
9944I/
p0 p0
¢´¶´·¸´¹º»¼½¾½º ¢´¶´·¸´¹º»¼½¾½½
d !f '( ! ( 3b&!" 1b
Y&! ' ! !! 1 >568577 >5>75:: L26.125J9.#O28456DJ9652#
@&1%[ % &bY2! b ! ( 3
b&!" 1b Y&! ' ! !! 1 ) C9.#O2,O.84.6DJ9652#/
:A4;% ' 8:K5867 :5;;7546 `-_g#9c
4:A>;% ' 485K7 4K>568 _`-hg#9c
>:A8;% ' :485;4: 685K86 h`-ig#9c
d&W %( ' 8;% ' 4>57> ;K5>:; j452.198ig#9c
&!E $ % ! $ &! ' ! !F 1 :765>; :7;57: *4I982945ZDJ965D28.
mM RP RS PP ²¿
Page 233
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qstuvwxwwvyz{y|y}~{}zs{ £¤¦§¨©ª©©¨«¬«®«¯±¯¬²¤³
v~u|usts~y~u~{u~ ±§¨¦¤««¬³«¦¨¦±²¦®«
~s~s~u~s~y~qw~u §©¤®«¤©¤´®µ©§«©¶¦¨±¤®¨
{|z~u~u{wuywtv~yt~u ª¦§±§µ¦±¶«¤±¤®¯®§¤«
sv ±·¸¹¨º¼º½¾º¿ÀÁÂÃÄÃÀÅ
zsss ª¸¿ººÅ¿º®º
v ® ¿º··º ¯ ¸·¸¹² ÅÂ
{¡v¢ ¬º··©º¿·º«Åº
qtzs~uzy~~¢ ±µµ©¬§¤«²®µ®¦±³¶®¤²±¨® ¼¸º
!! "$% ! ! &' () *!+ % ! ,)-$/ 28 9893649.12D442D28.68.125998249
() $-$ ($% / $! + & + !)0 / 6D6965D28.4248.59#2522649526994478
0)-,$%1
v: v:
¨º¼º½¾º¿ÀÁÂÃÄÃÀ ¨º¼º½¾º¿ÀÁÂÃÄÃÃ
; &' < =>?@>= =>>@A? B2768868759982
C) "0 + E() /$- / F1 2##6.648G#2#O.648H8
C) *!+ !) " % +$ 0)-I =J@K>? =J@??L M5446648#O5687.123295
C)"$ + & () /+ ($! !) " % +$ N2425998#756.2P499
0)-I E=?@?=LF EA@ALF #O5687.123295
;) !+,$-! % !() I 0 - EA@?QF L@ALK 05989.6489#RO.D28.
yS TU TVT ®W¾Åżº
X+ %Y % % > ") /) -!,' ,-)&%($% / [22\4.2]^4852#6.56_48.59#252264952e
$! + @
C)"$ + () *!+ % !,)-$/ () $-$ 012524259499479829456D6965D28.4248
($% / $! + ")-$( , -) ! ! % ! .59#252264952529.2.4.1242.64849O1
() )-" ($% /& -() // 0)-! /,$% @ 52264952954DO.4D25e
` I)") 0)-() & ( %0 +< () *!+ % ! b98972D28.6 49.12 4668648 .19..12 95442
,)-$/ () $-$ ($% /$! + %)-!)0$%& 947982 945 6D6965D28. 42 48 .59#2
% !a$,$($ %$,") $%$(,)"$ /, ,)-$/ 5226495269#2cO9.2.4 44256465242
* /%"0$ & -%& ,%)-% /+ * ($% /@ .19.D939562954D.12848P42.6484994O8.e
d& , & ($% / $! + * / &I " , ( & 01252798494O8.52264952P.59#2O2#9
% // f% // () ('- @ 49.2599..1252645.687#9.2e
V q|y|vt~~u g ¦§®§¤©²¦®«
C)-!)& %)-&-& -1 Z8428.4562486.498
v: v:
¨º¼º½¾º¿ÀÁÂÃÄÃÀ ¨º¼º½¾º¿ÀÁÂÃÄÃÃ
h + 0 ,$& ,)" ! @=LA@LK> @JQJ@>= N9798#69_97687D9.2569
h - /I & >@KQ@Q? L@K?=@>J i68612#744#
C$($,j0 + 0 , -j()- ) /, ( $"$"j i25.66k25l9O2l728259O6662l
!$,$a & /& * =@LJJ@Q>K =@QL=@>K 6952695.98#4.125
C)-!)& & "()-I =@QAQ@?= =@=K@AQ= Z8428.456268P.5986.
h - /& "(-'!)! A>@>> A>@> m45_68P6542
;$0f%'% =L@>J@AQ =Q@KL@K [O5P.4.9
C) *!+ % !,)-$/ () $-$ 247982945#26826849O249
()-!)& EAJ@KAJn E=K@?=?n 68428.4562
uS oTrV oVV §º
Page 234
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qtuvwxyxxwz{|z}z~|~{t| ¤¥§¨©ª«ªª©¬®¬¯¬°²®°³¥´®
wv}vtutzv|v ²¨©§¥¬¬´¬§©§²³§¯¬
ttvtzqxv ¨ª¥¯¬¥ª¥µ¯¶ª¨¬ª·§©²¥¯©
|}{v v|xvzxuwzuv «§¨²¨¶§²·¬¥²¥¯°¯¨¥¬
tw ²¸¹º©»½»¾¿»ÀÁÂÃÄÅÄÁÆ
{ttt «¹À»»ÆÀ»¯»
w ¡ ¯ À»¸¸» ° ¹¸¹º³ ÆÃ
|¢w£ »¸¸ª»À¸»¬Æ»
q}z}wuv£ §¨¯¨¥ª³§¯¬ ½¹»
!" $% &'( ) " *'+!, 08 9891649.12D422D28.68.123998249
&'!+! &'+ '$ $ ) '- , -'+ *!"/ 944982945#26826829O24968228.456269
94445
w6 w6
©»½»¾¿»ÀÁÂÃÄÅÄÁ ©»½»¾¿»ÀÁÂÃÄÅÄÄ
7 $% 8 :;<=>;> ?@A=@: B2768868739982
C' - ) E&',!+ , F/ 0##6.648G#2#O.648H5
C'( ) ' " )!-'+I ;:;=<? ;<?=?JJ K5426648#O5687.121295
7' )*!+ " &'I - + E:>F E;=?A;F 05989.6489#LO.D28.
C' ! ) M&',) &! M$ N " ! Q22259R456.2S499R98#T45
+'* P * ' " )!-'+I E;@J=A::F E;?<=<>;F 5296969.648#O5687.121295
zU VWV W ¯X¿Æƽ»
C' ! ) &'( ) " &'!+! 012 93422 52225949944982 945#2682 68
&'+ '$ "'+ '-!"$ " MI * $ M$ *! I * 29O24968228.4562R69981R49524786\2#682624
&'+ '$ "'+* ""'+I! *'& $ & ) * *'" , = 49.129249.12529.2#68228.4562.4.165#]95.62e
C',) &! &'( ) " &'!+! 012456.2S49949944982945#26826829O249
&'+ '$ "'+ '-!"I!, $ - *I * ' !+!) " ! 68228.45624994522252#69.14268228.4562
'- , &'+ '$ $ ) &! * +' +! * " ! 952456..28S499329O2.121952414145]95.691
"' )! ,=Y $ * $ &'+ '$ ( ,$ I * #9D972#454342.2e012524252 8468228.4562
& $ " ,, [" ,, &' &%+ = O2#949.2599..1252]45.687#9.2e
^'+$ +* ) &'' ) "'+) $ & ) +, B92#48952262449.12D95`2.]56298#]1169
& +$ *%$ P *$ + &'+ '$ & $ " ,, 48#6.64849.12 68228.4562 9 9..12 52]45.687
&' &%+ M I' ' -'+*'( * - )8 #9.2R D98972D28. 326222 .19. .12 93422
&'( ) "'+ '-!"$ " _!*!&!"!* '!"!& 944982499#2aO9.2.44225]463242
*' !,* *'+!, $ + &'!+! 954D#26826829O24968228.4562e
&'+ '$ =
C $ " ,, :; b' ' -'+ ?>?:M &'+ '$ 049f22D325ghRijigR68228.4562425242252#
$ $!, % ') !+ "'+) $ &+ *%*'- * + 3168O598297968.42954D965298#4.12556`
$ + *% ( -'+$ +* & *'"&% $', O8#259 ]461]9`972 46.1 68O59824225972
I! ) &'+" ,,!, '-' + c&;A=A;>=@ .4.9687 Q]hkRkhjRlml Gf22D325 ghR ijii5
E:;b' ' -'+?>??/c&;?=;:=:;:F( , '!+!" Q]hiRlhgRghgH4161R68 D98972D28.n 4]68648R
&'$ & " I' ' _!*!& !"!* '!"!& 499#2aO9.2.44225981]463242.19.D91
*' !,* *'+!, ( ," -! $ + + *%[+ *% 9562954D.1296#68O52#56`Go4.2ghHe
( ,$ &'+" ,,!,* Ed " " :;F=
W {v ~{|wv ~uvv r ²©²¨¶¯¬²¨©©¯¤ª¬§¥¬
s , !* $ I "'+!" "'+$ + $ + ! , 0#298298##2]46.D9681486.499#2982
!* &' %*$ I " &' -' - ) .4 O]]625 98# #2]46. 945]O5192 49594
- *!= D9.2569e
Page 235
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
wx|v|w¢x~qx¢x ¹¬ª§±µ²©ª ±®§²±ª§®
!"#!%&# '(#)# &# '"*+%*%+#*%, -487/.25D6802.D28.486.491
¥
x2q ¥
~24
2£
qx
¥v
~3´¿¿ÀȽ
±56®È½ ª½©¿»À½ |~
¹»ºº½ºÈ¬½Â q q¡
¸»À ½½º7½©¿»À½ ¹»ºº½º 2 2
»¼´ºº»¿È½ºÈ8» ½Â½ºÅ 43 ~3
x ©À ÈÂÀ½¹»ºº½ºÈ ´»»¼¸È È §ÂȺȻ»¼ xv¤3
q23 ¯Â½¿»:;½Èº ¹»ºº½º» È 3 È¿È ¸ÈÂÂ6:
¸»º È¿È ´ºº½º µ½¿Èºº¼¿È» ± À È» ®È½À½º ´À»
y «½¿½ÀÁ½ÂÃÄÅÆÇÆÃ
< "=+ (>%"#! ?.2@O6.AD2.14$
B<CC EFFGHIE JGIKL M M M EEHGK NP??
QRSTU IGIKE VIGIKEW M M M M XY[\-
+=#'*%]#%"=^#^#= HEGI_L VIGFW M VIHGHKEW M HIKG_F_ Z8$49756`96.4994
a <R KIHG___ VIJ_GLJIW M M M IIGKE bZPY
acR _GHIK VJLGEFKW M M M KGHK_ ZbdY
]RQRVB#"#"# IW LGELG_L VIGFI_GKW M VILGKKLW VLHGIHEW JG__HGHIL `YXYf [4 .2gh
Rc< IJGF__ HGFJ_ M M M J_GLJ_ YdP
i>!!=j# EKGHJK I_GKJJ M M M I_KGF kO49
C <] IFKGEEF VIFKGEEFW M M M M ?ZP`Z
c>lM"="#j EG_FLGJ VHGLJGL_KW M VILFGW VLHGIHEW GHLGJL dOm/.4.9
C! "( ># '# KIGJF_ KGFFGLK M M M JGE_GIK X68986992.
v2 nnor rs t unoso¥ us¥ uu §»È
y «½¿½ÀÁ½ÂÃÄÅÆÇÆÆ
< "=+ (>%"#! ?.2@O6.AD2.14$
B<CC EFFGHIE VHIKGJIW M M M JGF_H NP??
QRSTU IGIKE VJKHG_KFW M M M IIEGI_I XY[\-
+=#'*%]#%"=^#^#= HKFGKIH VLKGHEW FGEJ VIHGHKEW M HHIGKKF Z8$49756`96.4994
a <R K_IG___ VIHGK_EW IIG___ M M IEGLEI bZPY
acR _GHIK VJLGFEKW M M M KGKH_ ZbdY
]RQRVB#"#"# IW LGELG_L JFGJKH M VIIKGEJW VIIGJHFW LGELGHLL `YXYf[4.2gh
Rc< I_GF__ IEGEF JG___ M M KJGF YdP
i>!!=j# EGEL IGH_ FKGJJ M M EJGLK kO49
C <] IFKGEEF VIFKGEEFW M M M M ?ZP`Z
c>lM"="#j FGEHEGKK VFGHJW IGHJI VIHLG_KKW VIIGJHFW FGH_JG_LL dOm/.4.9
C! "( ># '# KIGJF_ KGEIG__E M M M JG_HGJFE X68986992.
v2 uu nosu osr u¥ srn¥ uooo §»È
Page 236
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
pqrstuvuutwxywzw{|y{x}q~y ¡¢¤¥¦§¨§§¦©ª«©¬©¯«ª°¢±«
t|szsqrq|w|s|ys| ¯¥¦¤¢©©ª±©¤¦¤̄°¤¬©
|q|q|s|q|w|pu}|s ¥§¢¬©¢§¢²¬³§¥©§´¤¦¯¢¬¦
yzx|s|syuswurt|wr|s ¨¤¥¯¥³¤̄´©¢¯¢¬¬¥¢©
q t ¯µ¶·¦¸º¸»¼¸½¾¿ÀÁÂÁ¾Ã
x q ~q q ¨¶½¸¸Ã½¸¬¸
t } ¬ ½¸µµ¸ ¶µ¶·° ÃÀ
yt ª¸µµ§¸½µ¸©Ã¸
rszwq|wr|sy|p|s|s ´§¥¢¬°¤¥ ¬©¢¬¥¢© º¶¸
!"#" %&'("# !)*" " ) + +"# "#&# "# 012 ODD953 49 9689869 68945D9.648 49
," -) +*'"/)'#"("","0"1#)/" " /)' !*+2 9469.298$4468.528.O526994467
t8 t8
¦¸º¸»¼¸½¾¿ÀÁÂÁ¾ ¦¸º¸»¼¸½¾¿ÀÁÂÁÁ
:&+"0"#)+ "/* " ;<=;><?@A ;><;=?<=B? 04.94DC682$92.
:&+"00 "/ 0 +"# "/* " ;A<><;> ;B<=A?<E>> 04.94DC682$69C66.62
s F GHHIG GII ¥¸Ãµµ¸µ
J" " K'*L"+"# 0" "#)+ )+& 012Q54ORS19526882.92.
M + +"#N#&# "# ," P) +*'"J)'#"(" ;<EBA<>? ;<===<B=@ 49T469.298$U468.V28.O52
W 0" X"Y"'"#)+!)*" " +)'#), "* +*! [96559O24995969C294592
, Y*"0 =<E>?<AEB =<?;<=@> 968986992.
Q44$66," 0" \" E<==<EB= E<E><A@ Q44$6698$4.125
N!*(*0"# '* L) *'* " 0" "+"# TODO9.2$6DR965D28.4248
-)#+"# M + +"#N#&# "# ];<=><E^ _ 6852.D28.68T469.2
qF `` `GGG ¢¶Ã
q ~q
t8
¸Ã½¬¸¦¸º¸»¼¸½¾¿À
a) Y*"0" )+& "/* " A@<EEE<AA ;A<?EA<?B b2.4DC682$92
c"/" )+& "/* " M + +"#N#&# "# ," b2.4DC682$796849
P) +*'"J)'#"(" E?<A= B;@<A= T469.298$U468.V28.O52
J" " 0"/"]'* d!&(L')1) # %0" ,"' f1952494.1254DR52128652
M + +"#N#&# "# ," P) +*'"J)'#"(" 7968g42h49T469.2
#)+)0"1L"Y"! AEB<A E?<AA? 98$U468.V28.O52i82.49.9j
J" " "+"#0"/" )+&M + +"#N#&# "# ," f19526882.684D249T469.2
P) +*'"J)'#"("," 0" \"2 98$U468.V28.O5298$4.1257
J" " K'*L"+"#0"/" )+&M + +"# 012Q54ORS19526882.7968
N#&# "# ," P) +*'"J)'#"(" AE<=?= A;B<A@A 49T469.298$U468.V28.O52
* L) *'* " 0" "+"# -)#+"# M + +"# ZDR965D28.42486852.D28.
N#&# "# ];<=><E^ _ 68T469.2
:&+"0 ];<BA=<BEB^ A;B<A@A 04.9
k)L)'+ , * !"L!" L"," l"+"+" ;m K'*L T $642$ 68 b4.2 ni.12 Q54OR R25945D2$
()0"!*!" L) *Y " L) *'* " 0" "+"# -)#+"# 6DR965D28..2.486852.D28.68T469.26128
M + +"#N#&# "# !)+ !"+)',"L"+ , !"# -)#+"# .125269868$69.648.19..1296$6852.D28.D93
+)'#)/*+() "0"( L) *'* " 0" < C26DR9652$e
Page 237
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
wx|v|w¢x~qx¢x ¡¥ ¹¬ª§±µ²©ª±®§²±ª§® ¿»½
!"$% & '!&$"$& & & ( ) &% $ 01252 ?984 6D@965D28.4524786A2# 99.
' * &%% (+* &%% ( '!( '," &- !/$ ( $&*$ 52@45.687#9.2B2C2@.945487E.25D68F2.D28..4
&0!1* 1 2 &% ' &2 &%' 3454-$&*$ * 6$& GHIHB945.12J29528#2#G22DK25LMBNPNLe
) &%7!" 6 "' * &%% (8:3!1!;7!"<=<8>
4!&$"$& & &0!1* 1 2 &% ' &2 &%*!"1!7$*$&*$ 0126D@965D28.449487E.25D 68F2.D28.945
* 6$& ) &% 7!" 6 "' * &%% (8: 3!1!;7!" .12J29528#2#G22DK25LMBNPNL9D4O8.2#.4
<=<8 1!7!1 " Q'<>RS>T 7!7 & & ' U@NBVWXBWYW ?9 19572# .4 .12 52@2.6F2
,'!" 1 * 6$& 7!"2 ( & ) &% 7!"1 &%$* &>Q$% 4@259.648J295e[O16D@965D28.4?9#56F28
'!&$"$& & & ( *!"1!7$* 1!7 7 & 2$;( 6 KJ 4?25524F259K2 9D4O8.49O1 487E.25D
*!"'$( 6 & * 1 &0!1* 1 2 &% ' &2 &%*!"1!7$* 68F2.D28.K24?6.955J687F9O2e
(!7 6"!& 6 " & ( *!"/ * *&) >
\&*$ *$2$ & '!&%$2 & '!&$"$& & & ( *!"1!7$*- I456D@965D28..2.687@O5@42B.12524F259K2
2$;( 6 *!"'$( 6 & &0!1* 1 2 &% ' &2 &% 9D4O8. 49 .12 487E.25D 68F2.D28. ?252
*!&*$ &7!" 1 " &]& ( ' ^_F9O268O2` #2.25D682# K92# 48 cF9O2 68 O2d O687
!&% & ;!&%%$& & ;!*, ! "$1 1 ) &% #64O8.2#9194?D2.14#e012944?6876.12
1,&*, &>a!" $* ( 6" &% 1 & " 1$;1 ODD95J49f2J9OD@.648O2#g
$* ; ) &% %$& &b
yh yh
«½¿½ÀÁ½ÂÃÄÅÆÇÆà «½¿½ÀÁ½ÂÃÄÅÆÇÆÆ
&% * 1,&*, i-RRj+8T-i8j -iRj+R=-=8j G64O8.59.2
&% *'!"*$;7$6 &; 2!;$ =-==j+T-==j =-==j+i-j 025D689754?.159.2
4",)!1 "$1 1 1!*!( 6 * 6$& ) &% / $' 012 @54l2.2# 91 94? K2J48# .12 @54l2.2#
( ; '",)!1 - !1*" ',( 1 ;!&%%$& & J2959522C.59@49.2#O687.122.6D9.2#.25D689
!1* ; 1 * &% *'!"*$;7$6 &; 2!;$ *!"1!7$* 754?.1 59.2 68#69.2# 9K4F2e012 #64O8.59.2
* 1> &% * 1,&*, ) &% *!" ' & ' 9@@62#.4.12@54l2.2#9194?952#256F2#954D
'",)!1 "$1 1 6 1 ( & " " * +" * .12 ?2671.2# 9F25972 4. 49 9@6.9 49 .12
*!"* ;7 &%7 ) ;, ( " \4k*!" *> &% * 52@2.6F2 mnoe012 .25D689754?.1 59.2 O2#
'!"*$;7$6 & ; 2!;$ ) &% %$& & * #4284.2C22#.12487E.25D9F25972754?.159.2
;!(!7 6 * &% * " * +" * '!"*$;7$6 & 2 &% 49.12 68#O.5J68 .12 4O8.5J?1252 .12 28.6.62
' &2 &% ' & $1*" &!% " *!;' *!&* * 1 4@259.2e
7!",'!" 1 >
4!"$7 6 &*!"6 ' 1$;1 ) &% %$& &,(!6 m19872 .4 .12 9OD@.648 O2# KJ .12
; & 2!;!& ( ;;!&!&*$ &2$;( 6*!"'$( 6 &- D98972D28..4#2.25D682.12524F259K2F9O2B
*!"; 1$ * &% * 1,&*, &* &% *'!"*$;7$6 & 68O#687.12#64O8.98#.25D689754?.159.2B
; 2!;$- ' *7!" ;' 1 %& r & ' 6 1 ( D9J19F267869698.6D@9.48.1252O.49.12
'!&%$2 &>s & 2!;!& 7!"!) & &7 6t * 92D28.eu98972D28.6 49.12 4@68648 .19.
*!" ' * ( 1 &) &%;!;$&% & & 1$;1 $* ; .125268452948945@46K2198726898J49.12
* 1$&*$ 7!"$7 61!6 &%% ;!&)!7 7 && ( f2J9OD@.648.9.2#9K4F2.19.?4O#9O2.12
*!"/ * * &0!1* 1 2 &% ' &2 &% ;!&2 (!7 6 955J687 9D4O8. 49 487E.25D 68F2.D28. .4
* &%% " & ( *!"'$( 6 &&) 1!/ " ; *!" (- D9.2569J2C22#6.52@2.6F2524F259K2F9O2B
1!( &) &%*!( 6 $&% ' & * 1> 4.125.198#642#9K4F2e
Page 238
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
opqrstuttsvwxvyvz{xzw|p}x ¡£¤¥¦§¦¦¥¨©ª¨«¨¬®ª¬©¯¡°ª
s{ryrpqp{v{r{xr~{ ®¤¥£¡¨¨©°¨£¥£®¯£«¨
{p{p{r{p{v{ot|{r ¤¦¡«¨¡¦¡±«²¦¤¨¦³£¥®¡«¥
xyw{r{rxtrvtqs{vq{r §£¤®¤²£®³¨¡®¡«¬«¤¡¨
p s ®´µ¶¥·¹·º»·¼½¾¿ÀÁÀ½Â
wp }p p §µ¼··Â¼·«·
s| « ¼·´´· ¬ µ´µ¶¯ ¿
xs ©·´´¦·¼´·¨Â·
{vyp}qttqv ¾Á °£¦³¦£²®³®¨¨«¡¨
!" ! $$%&'($) " $* +$) $ $ :64476992. 486.49.6D;25<98.9.648
$ $)"$! $+,)-& "$+/$)0$!1& "$+ =161 =9 <5228.2# 9 <95.49>?48@O5528.
/$)0$!/$ ))($2"$)3! ",+$ ! +, ,!($) ,4 ,5 A2.@B.125?48@O5528.A2.C94O8.98#
3$"$$)$4$)3! ",+ 6($) " $* +$)"$ $4$+,) 754=6879756O.O52<54#O248.12;29525<98.
-/$)0$!17 2"$ $4 $3 !$)3 =161 =9 <5228.2# 9 >EO5528. A2. @
+,$) $)+ ) "$ $)8 :644769A2.C94O8.68 .12 4846#9.2#
.9.2D28.499689869<46.648e
Fpq ¡º»·¼ µ´
sG sG
¥·¹·º»·¼½¾¿ÀÁÀ½ ¥·¹·º»·¼½¾¿ÀÁÀÀ
H$ " $I$ JKK8LJ JK8JLL :27688687;9982
M)$4 $5$)$5,) !*$ $) N8NJJ K8JP A##6.648#O5687.12Q295
M$)) RKST RKKUT V95W2.
JKX8JSP JJU8LXS
Y, ) ($) 4 , "$! 3!, $5$)) $ ?2.4956687954D19872
I$*$!" +,!$) $($,),+4)*,$ ($) 689965W9O224..42
" $+, 3$"$ $ $!, RN8XT R8SKT 524786[2#68.12<5496.454
v\{ ]^] _] «`°Â¹·
o\{ pp ¼µ` ®`¼¹¼· ¼µ¹· µ · °·Â¼·¼
o\a ´
sG sG
¥·¹·º»·¼½¾¿ÀÁÀ½ ¥·¹·º»·¼½¾¿ÀÁÀÀ
H$ " $I$ NX8NJL J8JXJ :27688687;9982
M)$4 $5$)$5,) !*$ $) KJ8LKX KJL8XXP A##6.648#O5687.12Q295
M$)) RKX8LPT RKPU8JXUT V95W2.
LL8NLN X8XXL
/$ $R!, T) ($) 4 , "$! 3!, $5$)) $ ?2.7968b4c956687954D19872
I$*$!" +,!$) $($,),+4)*,$ ($) 689965W9O224..42
" $+, 3$"$ $ $!, PX8U RPK8JNUT 524786[2#68.12<5496.454
v\{ _d]]d _dfd] «`°Â¹·
rg{}\\ §Â¼h·´µ¶°µµ`¹Â ®´´·´
i $ I$*$!$$%&'j"$)3! ",+$ ! +, ,!R ,"$) 0129965W9O249.6D;25<98.9.64898#9756O.O59
) 5 + $3$ $I T " ),+$) 4) ,)$+$) <54#O2 bO795982 98# 46<9D 22#c952
3)"+$$) 3)"$3$$) !"$$!+$) +) + ) $ #2.25D682#O687684D29<<5491;92#48.12
+ ) ") $) 4)" + ) +$) 4$ $!, +$ <5228.W9O2.2186lO2;Q#64O8.68782.9O.O52
4$$"3$)) $$$$)$4$)k3! ",+8 2.6D9.2# 91 94= 49 .12O8#25Q687
<98.9.648m<54#O2e
Page 239
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
quvwxyzyyx{|}{~{}|u} ¥¦¨©ª«¬««ª®¯°±³¯±®´¦µ¯
xw~wuvu{w}w ³©ª¨¦®µª̈³̈´°̈
uuwu{ qyw ©«¦°¦«¦¶°·«©«¸ª̈³¦°ª
}~|ww}yw{y vx{vw ¬¨©³©·³̈¸¦³¦°±°©¦
ux ³¹º»ª¼¾¼¿À¼ÁÂÃÄÅÆÅÂÇ
|uuu ¬ºÁ¼¼ÇÁ¼°¼
x¡¢ ° Á¼¹¹¼ ± º¹º»´ ÇÄ
}£x ¤ ®¼¹¹«¼Á¹¼Ç¼
{~uvy yv{¤ ÃƵ¨«¸«¨·³¸³°¦ ¾º¼
w¤ ¬ÇÁǼ¹º»µºº¾Ç ³¹¹¼¹ ¾º¼
06D 25 98.9.648
!"$%&'%('%')*+',,*-/0',1)23'"'+&','-'% 012 82.2742.2# 9O.O52 91 948 49.6D 25
)2-*,-$&',(*,11$,'&',684O.$-'('%*5'1'2 498.9.648952#2.25D682#O687.129448687:2;
5*"2&$-6 684O.<
'= %2'+ $,-$&)2+',*, %'-$ &'>2%'?'%*&2-'" 9H 06D 25498.9.648952 9J969 2945482K.6D2
@-'3$,%*-*>'3+*,','(','A'>B 195J2.9 4O.L;29599.25686.69498.687e
5= 2,1&'-)2%&/,-/ 0',1 )21$,'&', (*"$+'&', H M64O8. 59.2 O2# 5245228. .12 92.
-2,1&'-%+*%2C2&'%*-$,-$&/+*"'%2 E"$+0',1 4269659.2945.12N54O4P.6D 25498.9.648
)2-*"'+&', )'>'( +*"32-$,1', '"$%&'%('%' 44259.64894462#68.12#64O8.2#9O.O5291
)*+',0',1)2)2%&/,-/&',B 9489O9.648e
F= '"1' ?$'>&'0$ 5$>'-G47H%*>'(' +*"2/)* H Q2687456249474J25.12454R2.64842564#6
+"/0*&%2)2-*,-$&', 5*")'%'"&', 3'"1' ?$'> #2.25D682# 92#48.129J2597226874562
"'-'I"'-' +"/)$& '1"2&$>-$" 0',1 49.129756O.O59454#O28161627.59449.2#
)2*&%-"'+/>'%2&', 5*")'%'"&', +*"-$(5$3', 68945#98286.1.12D95:2.45627548.149
3'"1'+'%'"&'0$5$>'-B 47e
S"/)$&!1"2&$>-$" *5$ QO795T982U756O.O59 54#O2
!"$%&'%,*-/('%')*+',0',1)23'"'+&',)'"2 0122742.2#9O.O5282.9194849.12O795
+"/)$& '1"2&$>-$"-*5$ )2-*,-$&', (*,11$,'&', 9829756O.O59454#O2952#2.25D682#O687.12
684O.$-'('%*5'1'25*"2&$-6 9448687:2;684O.<
'= *5$%2'+$,-$&)2+',*,+*"-'('&'>2VW5$>', 9H T98269J969 2945195J2.945_`D48.199.25
%*?'& +*,','(', 'A'> '-'$ %*-2'+ -'3$, 686.69498.68745988O9;99.25895#O4.4.1522
%*-*>'3,0'%'(+'2)*,1',-21'&'>2B .6D2e
5= 2,1&'-)2%&/,-/ 0',1 )21$,'&', (*"$+'&', H M64O8. 59.2 O2# 5245228. .12 92.
-2,1&'-%+*%2C2&'%*-$,-$&+"/)$&'1"2&$>-$"'> 4269659.2945.12982454#O294462#68.12
-*5$ 0',1)2-*"'+&',)'>'( +*"32-$,1', '"$% #64O8.2#9O.O52919489O9.648e
&'%('%')*+',0',1)2)2%&/,-/&',B
F= '"1' ?$'> -*5$ %*>'(' +*"2/)* +"/0*&%2 H Q26874562499824J25.12454R2.64842564#
)2-*,-$&',5*")'%'"&',3'"1'?$'>'&-$'>1$>' 6#2.25D682# 92#48.129.O926874562
0',1 )2*&%-"'+/>'%2&', (*,$"$- +*"$5'3', 49O7958161627.59449.2#68945#982
3'"1'1$>'0',1)2+$5>2&'%2&',/>*3X',&Y$,2' 86.11987249O79594529.45624O 612#
[.12\45#]98:=,'($,-2)'&>*523-2,112)'"2 ; .12 \45# ]98: O.84.2722#687 .12
'"1' ^F*"', *"-2,1120',1 )2&*,'&', />*3 16712.52.964562Gab9579c2598025.68776dH
Y*+'"-*(*,S*")'1',1', ,)/,*%2'B 6D442# ;.12f686.5;49059#249Z8#48269e
S"/)$&!1"2&$>-$"X*,23g*>'+'h'A2- i6 9DQ22#U756O.O59 54#O2
!"$%&'%,*-/('%')*+',0',1)23'"'+&',)'"2 0122742.2#9O.O5282.91948494649D22#
5*,23&*>'+'%'A2-)2-*,-$&',5*")'%'"&',+"/0*&%2 952#2.25D682#O6879lKD48.19194894529.
'"$%&'%%*>'('j5$>',0',1(*,11$,'&',2,+$- O.66m687:2;684O.49D95:2.4562494649D 22#n
$-'(' 3'"1' +'%'"5*,23 &*>'+' %'A2-k)*,1', 98##64O8.59.2O2#5245228..1292.42696
*%-2('%2)',-2,1&'-)2%&/,-/%+*%2C2&'%*--*"&'2-B 59.2e
S"/)$&!1"2&$>-$"g*>'+'h'A2-)',g'"*- i6 9D98#oO 25U756O.O59 54#O2
r2>'2A'?'"'-'%+"/)$&'1"2&$>-$"&*>'+'%'A2-)', 012 9965 J9O2 49 .12 46 49D 98# 5O 25
&'"*-)2-*,-$&',+')'s2J2W5*")'%'"&',3'"1' 9756O.O59454#O2 952 #2.25D682# 9.s2J2`
+'%'"-*"&'2-0',1 )2-*"'+&', -*"3')'+ *%-2('%2 92#48.1294469 2D95:2.456294462#.4.12
t/>$(*+"/)$&B 2.6D9.2#J4OD249.12454#O2e
Page 240
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qtuvwxyxxwz{|z}z~|~{t| ¤¥§¨©ª«ªª©¬®¬¯¬°²®°³¥´®
wv}vtutzv|v ²¨©§¥¬¬´¬§©§²³§¯¬
ttvtzqxv ¨ª¥¯¬¥ª¥µ¯¶ª¨¬ª·§©²¥¯©
|}{v v|xvzxuwzuv «§¨²¨¶§²·¬¥²¥¯°¯¨¥¬
tw ²¸¹º©»½»¾¿»ÀÁÂÃÄÅÄÁÆ
{ttt «¹À»»ÆÀ»¯»
w ¡ ¯ À»¸¸» ° ¹¸¹º³ ÆÃ
|¢w£ »¸¸ª»À¸»¬Æ»
z}tuxx uz£ ÂÅ´§ª·ª§¶²·²¬¬¯¥¬ ½¹»
u{q ®»§ ¸¹Æƹ¹´¹¹½Æ ²¸¸»¸
! !"$%&$ !% % % '( !)% * &* " %* + % ?987249@O98.6.9.6/2O84A25/9A268BO.C-2/2EF
,-2/201( !)* )$! & !* 2 + +3!3!%$& !! 2 O2#68#2.25D68687.129965/9O249.12.6DA25
4 5 * 678:* !";*$& ) &$2%$ %3<$* !<3! = B98.9.64898#98298#46B9D 22#B54#O2
4 % * 2 = 3< ) <3 &$%> 9529944GH
u|IJ³Æ»¹ºKÆÆL»§ ¸
tJ zMJ NtuJ
u ¬ÆÀ¶Æ» ª ¤Æ¾¬»»¸ ¥¾¿»À¤Æƹ¸ § ¸
7 !)& % P:QRS
* &;!%; ,TTT>P:UPS1 P0:TVS,TTT>PQ:TPS1 PP:WUS,TTT>PP:VQS1 X64O8.59.2
6 ) 5$ 2 Y"[]Y"U[\<$% \ Y"WWR[W0V\+0] ^2687B56249
";*$& Y"VW[VVR\%;! B622,TTT>Y"Y"[] Y"T[UV0[QP\+0,TTT> B5422#
;2 = ! ,TTT>Y"RTQ[VWQ1 Y"U[1 Y"WRP[V0U]Y"0[PPQ[UVR1 B54#O2
_;*$& RW%;!\=3&% \ UQT<$% \5 !5 !)\B622\ V+0\=3&% \DE\12.952 a/25972
% ] % .481̀2.952,TTT>VQ1 AO81,TTT>VP1 ,TTT>1 B54#O.648
b 2 %$& PW[TWW,TTT> PW[TWW gh1987259.2
,Y"\cdfP1 PQ[1 ] ,TTT>PQ[W]PQ[1 C?Bì^jkF
T:S]0:S
7 !)& % !'2 0:S,TTT>0:RS1 ] ,TTT>0:S]0:RS1 Z899.64859.2
l! 2 3! % m % ! % '* !"$%( !) % * & 01289559.6/2286.6/6.n989n649O84A25/9A2
* " %* + % ,-2/201( !) * )$! & ! * 2 + 68BO.C-2/2EFO2#68#2.25D68687.129965/9O2
+3!3!%$& !! 2 4 5 3%< ;2;) * 2 = 3< ) 49.12A64476992.9529944GH
<3 &$%>
u zovru § ¸ ¬»¸L«ÆÀÆ»¹»§ ¸
7 !)& % 3! & !,"3!$$! !1% !)& %* &;!%; & ! X64O8.59.2 a8685292 C#25292F68 .12 #64O8.
* &;!%; +3!(3< <& !,"3!$$! !1"3! !)& % !! 2 59.2G69O29C#25292F68529268
4 5 3%< ;2;) .129965/9O249A64476992.
6 ) 5$ 2 3! & !,"3!$$! !1= ) &;+;* % & ! s56249 a8685292C#25292F68.124DD4#6.n
";*$& +3!(3< <& !"3! !)& % !,"3!$$! !1! 2 B5422# B562 G4O# 52O. 68 98 685292
) &$2%$ 4 5 3%< ;2;) 9756O.O59 C#25292F68.129965/9O249A644769
;2 = ! B54#O2 92.
7 !)& % 3! & !,"3!$$! !1% !)& %";*$& & ! s54#O.648 a8 685292 C#25292F 68 B54#O.648
";*$& +3!)= 2& !"3! !)& % !,"3!$$! !1! 2 n62# n62# G4O# 52O. 68 98 685292
4 5 3%< ;2;) C#25292F68.129965/9O249A644769
92.
b 2 %$& 3! & ! ,"3!$$! !1 ! 2 %$& & ! gh19872 a8685292C#25292F68.122h19872
+3!)= 2& !"3! !)& % !,"3!$$! !1! 2 59.2 59.2 G4O# 52O. 68 98 685292
4 5 3%< ;2;) C#25292F68.129965/9O249A644769
92.
7 !)& % 3! & ! ,"3!$$! !1% !)& % !'2 & ! Z899.64859.2 a8 685292 C#25292F68 .12 6899.648
!'2 +3!)= 2& !,"3!$$! !1"3! !)& % !! 2 59.2G4O#52O.689C#25292F685292
4 5 3%< ;2;) 68.129965/9O249A64476992.
Page 241
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qwxyz{|{{z}~}}~w §¨ª«¬®¬¯°±¯²¯³µ±³°¶¨·±
zyywxw}yy µ«¬ª̈¯¯°·¯ª¬ªµ¶ª²¯
wwyw}q{y «¨²¯¨¨¸²¹«¯ºª¬µ¨²¬
~yy{y}{xz}xy ®ª«µ«¹ªµº¯¨µ¨²³²«¨¯
wz µ»¼½¬¾À¾Á¾ÃÄÅÆÇÈÇÄÉ
~w ww ®¼Ã¾¾Éþ²¾
¡z¢£ ¤ ² þ»»¾ ³ ¼»¼½¶ ÉÆ
¥z¦ °¾»»¾Ã»¾¯É¾
}wx{{x}¡¢¦ ÅÈ·ªºª¹µºµ¯¯²¨¯ À¼¾
x ~ q ±¾ª »¼Éɼ¼·¼¼ÀÉ µ»»¾»
¡¢¦ À¼¾
wx µÃ¾É»¼½¾Ã¼ »¨Á¾çÉɼ»
!"$"%&%'% (%)*+,-,!$",)/,,0,)1,+%&120,) LZMN 19 .6DP25Q98.9.648 482648 5671.
3,42 5 120,) 6,),",) 4,)7 8$:&,'2 +,";,% R161952S96#O8.6TUVW98#TUXYe012.4.99529
<$)7,)0,-2)=>?@<,)=>ABCE2,+,:$,16 4,)7 49.6DP25Q98.9.648R16119S2P228Q98.2#949
0$&,- <%'$&F&, ;,<, 0,)77,&?G$+$"8$: =>=? [22DP25V\]TUTV6\W]WT^12.952_[22DP25
,<,&,-@C@=H-$'0,:I?G$+$"8$:=>==J@C@H@ V\]TUTT`\W]W^W12.952a_O89O#6.2#ae
-$'0,:KI0%<,'<%,2<%0KC
|q §»ÀÉ bɾ»¼½µÃÀÃÉ §Ã¼À¾
£qc¨¼É ¸ÉÃd¾»
q µÃÀÃÉ §Ã¼À¾
zw ª¨¼»É»¼½¨¼
6,)<,)82,-I'$&,;,+,f%0K+$7,: =CHA =C= g521_46Q9Da95O6.PO812
6$82 HA@ B> LO795h982
z ª¨¼»É»¼½§¾À¾»
i$)%-'$&,;,+,f%0 >C=A >CH j6Q9D22#
}k Åź²µ¯²¯
$8,7,%!$)4$f, lm222
n:2; "$"%&%'%'F)0:,' +$f, 2)02' 8$:8,7,%,+$0 012r54OQ1929248.59.945S9564O92.49
0,),-o8,)72),)o'$)<,:,,)<,);$:,&,0,)',)0F: 98#]PO6#687]S216298#499622sO6QD28.O2#68
4,)7 <%72),',) <,&," F;$:,+%)4,Cn:2; <%8,0,+% 6. 4Q259.648e 012 r54OQ 6 52.56.2# 954D
2)02'"$)4$f,',)'$"8,&%,+$0+$f,,)C 967868798#OP29687.12292#92.e
$f, 8,)72),) 2"2")4, "$"%&%'%(,)7', f,'02 m292 49PO6#687 728259t 19S2 292 .25D
+$f,,)0,:,=-%)77,@0,-2)o+$<,)7',)'$)<,:,,) P2.R228T.4Wt295]D298R162S2162728259t
2"2")4, "$"%&%'% (,)7', f,'02 +$f, ,)0,:, 19S2292.25DP2.R228V.4Wt29598#49962
? -%)77, @0,-2)<,);$:,&,0,)',)0F:2"2")4, 2sO6QD28.728259t19292.25D49Tt295e
"$"%&%'%(,)7',f,'02+$f,=0,-2)C1,'72),&,-,) m98#O25671.728259t19S2292.25D954D
2"2")4,"$"%&%'%(,)7',f,'02+$f,>-%)77,AA \U.4XXt295R161R62uQ652P2.R228TUT\.4
0,-2)4,)7,',)8$:,'-%:,)0,:,=>=-%)77,=>@C TUW\e0124.68O552#684P.968687.1298#O2
i%,4,4,)7<%'$&2,:',)2)02'"$";$:F&$--,'72), 5671.95284.9D45.6v2#9.12D98972D28.649
&,-,) 0%<,' <%,"F:0%+,+% ',:$), ",),($"$) .124Q68648.19.6.6Q54P9P2.12.6.24998#5671.
8$:;$)<,;,08,-f, 8$+,:'$"2)7'%),) -,',0,+ 98P25282R2#452u.28#2#OQ482uQ659.648e
0,),- <,;,0<%;$:8,:2%,0,2 <%;$:;,)(,)7 +$0$&,-
'$<,&2f,:+,C
Page 242
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qxyz{|}||{~~~x ¨©«¬®¯®®°±²°³°´¶²´±·©¸²
{zzxyx~zz ¶¬«©°°±¸°««¶·«³°
xxzx~q|z ¬®©³°©®©¹³º®¬°®»«¶©³
zz|z~|y{~yz ¯«¬¶¬º«¶»°©¶©³´³¬©°
x{ ¶¼½¾¿Á¿ÂÿÄÅÆÇÈÉÈÅÊ
x ¡xx ¯½Ä¿¿ÊÄ¿³¿
¢{£¤¡¥ ³ Ä¿¼¼¿ ´ ½¼½¾· ÊÇ
¦{§ ±¿¼¼®¿Ä¼¿°Ê¿
~¢£§ ÆÆ»³¶°³° Á½¿
!" $" %" &" !' " ().2864898#.25D689.6484*.648
+! ' ', - - !"" / !" 0"1" %-! 012754O*192825929248.59..19.48.968
/ !" $" %" &" %" 2!" 1" % &"" 2).28648 98#.25D689.6484*.6482)2569:2:;
&," " /,2 +! 34 " ' ' % " 5+! .12754O*e<1252*59.69:2=.12754O*22>.4
- ! "1" ' '" " /!" $" %" &" 68O#22).2864898#.25D689.6484*.6486882?
' " / !" &","' 0" -"! 292 .4 *5486#2 4*259.6489 92)6:66.;e 012
' '-! " 6, -, "/!"/ ",3 2).286484*.64812#9522)2569:248;:;.12
1" %&', 2" 1"&"" &," " " " /,2+! 754O* :29452 .12 28# 49 .12 848@9829:2
- , ' " 2! !/& / !" 1" % &" &"" 48.59. *2564# 98# 84. :; .12 245e 012
&-" ", " &" - " /,2 0"3 .25D689.6484*.64898:22)2562#:;258687.12
%" 2!" &"" &," " & %" ' ,"1" 52AO652#84.62*2564#68.1229248.59.e
!/& '- ! "2 " 1" % &!, " &","'
/ !" 0"3
B 0"$" % " & &" " - ! ,"! &"2 C145.@.25D29298#292494?@89O292.
+! $ %" ' ', 0" ! !"," " 012 754O* 94 19 25.968 292 49 49962
" /!&" !"-/ " /!& %" '""0" !" % 2AO6*D28.98#499629O586.O52?6.1292.25D49
&"!E - ," " " & %" ,"! &"23+! 2.198KLD48.145?6.14?89O2e012754O*
' !" " F0" $" % " & G &" F 0" 9**62 .12 M145.@.25D 292N 98# M292 49
% H "," " -! ,"! &"2G 0" &" 4?@89O292.N524786.6482)2D*.648945.122
' %" -"1" 0" -!&""! " %"! , ! 3 292 98# 5247862 292 2)*282 48 9
I"1"J-"1" &"$ " &","' -"1" ' ' &" .59671.@682:96e01222)*282952*5228.2#
"&' !"&","',"-"! %3 ?6.16872825998#9#D686.59.6822)*28268.12
*5496.454e
P-"0"2 "&","2$ ',"2 !H" " &"!" 2" % " C2. 4O. :24? 952 .12 955;687 9D4O8. 49
1" %&" &,"/!" / " %" / /,&"" 5671.@49@O2 92. 524786R2# 68 .12 754O*S
+! &" !% !" " 1","'" "2 - !$"," Q 4846#9.2#.9.2D28.499689869*46.64898#.12
D482D28.#O5687.12;295T
q
UV ¡W ]W
W W ´ÊÁ¿ÄYÊ W ®¾¾Á¿ ¤W
»ÊÄX¼ ¸ X¼ ¿[ ¿ \¿Á¿¼ ³[ ¿ ©½Ê
E4" "!^_ `^_3ab E3^E Ea3a EE`3_bc E3̀_^ E3^bb3`b d98O95;K=LfLg
h "'-"2" ^3^^i Eic3̀ Ea3^` ``3̀_ `c3a_E _iE3Eab j##6.648
k !' " J l_^Em lEE3a_m lE`3a^bm lE3acm l_E3bbm 025D689.648
05989.648
B ,2 ! la3b`m la`m J lE3``m J lEE3bcEm j#nO.D28.
I -" & !" l`c3Ebim lEc`3^^m lE^3^i^m li`3E^cm lib3iim l_ci3^iam o2*5269.6482)*282
{ rsrrs st uvr uu tss wusvt ¿Á¿ÂÿÄÅÆÇÈÉÈÅ
E4" "!^ ``i3b_E ^3E^ 3̀__ E__3iEb Ei3^i E3EbE3ii d98O95;K=LfLL
h "'-"2" 3̀^i Ec3_i i3ba^ `3̀E b`3̀_i __i3^ac j##6.648
k !' " J lcEam l3E`_m l3cbim l3Em l`3cim 025D689.648
05989.648
B ,2 ! E3i`c _^ J 3cEa J b3i j#nO.D28.
I -" & !" l`c3bEm lEE3cm lE3Eim l3a_m l_a3cm lba3^^`m o2*5269.6482)*282
{ swt u wuw str s ttst ¿Á¿ÂÿÄÅÆÇÈÉÈÈ
Page 243
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
hijklmnmmlopqorostqspuivq ¡¢£¡¤¡¥§£¥¢¨©£
ltkrkijitotktqkwt §¡¡¢©¡§¨¤¡
xtititktitoythmutk ¤¡ª¤«¡¬§¤
qrptkztkqmkomyjltojtk §«§¬¡§¤¥¤¡
i|}~~|l |} §®¯°²°³´°µ¶·¸¹º¹¶»
p}i|}|}~v|||i|}~~|i ®µ°°»µ°¤°
l||}||||}u| ¤ µ°° ¥ ®®¯¨ »¸
q|l}|||}y|} ¢°°µ°¡»°
ort|}|} ··¬¤§¡¤¡ ²®°
!"$% & "' " !() *4+2D28.4929269,66.62#O5687.12-295/
l 0 l 0
°²°³´°µ¶·¸¹º¹¶ °²°³´°µ¶·¸¹º¹¹
123' 45678 857688: ;27688687,9982
<"( &!( & "' ?##6.6484929269,66.62
!(&"$ ( 5464=: 567=> #O5687.12-295
@"$ ( A8647BC A468>>C 025D689.648
1"' !" E3 A7>6=B:C A:7=6:5C *9.O52#292
1" !F$ B6>77 588 05989.6489#GO.D28.
<"( &!(&(H 8568:B 88654 ?52.6484968.252.
123F! $ 8:67:8 45678 I8#687,9982
JH ((%$ 44=655= =:657 KO5528.L45.648
JH ( 2F(%$ 44:6: =76B8 M48NO5528.L45.648
| PP QRQ ®»
S ! T(H 2 F 2 E3$( & $H 2( ?D4O8.524786V2#68.124846#9.2#.9.2D28.
E"(H! (F3 E$"!"( U (F3( 3 2 () 49L5496.45498#4.1254DL521286+2684D2/
i|}|}~v|||i|}~~|
l 0
°»µ¤°°²°³´°µ¶·¸
J"&(E3F3FE"( ( 456>5: 4>:645 K4.49744#4#
J"&(E"( (2( X268798##6.56,O.648
2 $ & AW(8C 4B46=57 4BB65=8 2YL282[M4.2\]^
J"&( 2( _2825998#9#D686.59.6+2
2 ( $ AW(8C B6:55 B687 2YL282[M4.2\]^
i`| aRRb Pbc ®»
S ! T(H 2 F 2 E3$( $ F ?D4O8.524786V2#68.124846#9.2#9194d
F3( 3 2 () .9.2D28./
i|}|}~v|||i|}~~|
l 0
°»µ¤°°²°³´°µ¶·¸
<" &T$(&H (E3F3FE2 f9-D28.49L5686L9L45.64849
& "' 7>6=B: :7=6:5 29269,66.62
Page 244
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972_
abcdefgffehijhkhlmjlinboj ¡¢
emdkdbcbmhmdmjdpm ¢¡
qmbmbmdmbmhrmafnmd £¤¥
jkimdsmdjfdhfrcemhcmd ¤¥
buvwwuxyze{|{}~{yuv ¦§¨©«©¬©®¯°±²³²¯´
ivbu vuvwo{uuubuvwwuxb{|{~ §®©©´®©©
e|uuvuxu} uuvn u ®©¦¦© §¦§¨¡ ´±
j{ uxevuuuvruv ©¦¦©®¦©´©
zmhkbbkbma °²
! "6$2#92.486.49%
a{u~-uv
ouvw vuv uv
&uuu|uvu |uv {uxuuv
|uuvuuv {vw{}~uvwuv l{|vuv uv-' a{vw{}~uvwuv m|{{u
u|uuvu ~uvw vuv' {uxuuv' mxu,uxu ®®©± w{ vwuvw buvu}uv uxu}
uvu'¥´ ¢ (¦± ´«©®* uv|-u|' ¨ ®©¦ |{/u' - 0' {}~uvw vuv'
®(¦´ ´ ¦®«®©¦´ ´ ®´¦ §®´§ ´§¨¨«© ¥©´¦©§ ¢©´®©® sux-v' ¤§¦®«§¦ }xu'
¬ ®§)©¬©¦ ¬ ®§)©¬©¦ ©+ ¬© ©+ ¬© ©+ ¬© ¬ ®§)©¬©¦ ´¦ 1´ §¦ ®§(®©¦¦ §´
ouu{-x{uv'¤§¦
2
auuuvwwuxzuv uy'
3´´®*°±²³²¯ 4567z5 z5666y 65z87:y z4z 4:86 878: z555z7z4 64:5: 7:77: 7y8y:y5
;< => ? <@A##6.648 BBCEEF GHCBI GIFCG JGCKG HFICKEF JCG EFCFEG GGCFIF HCBHCFK JCBEECIB
;<LM <L <@N2#O.648 PGIJQ PHCFJQ PHFGCEQ PEBCBIQ PIJCIGHQ R PBCGJQ PGFCJEGQ PHJCQ PBHKCIQ
STU VT @W296969.648 JCEHE HCFHFCBFE HCIBCKK HECHK BCJI R HCGH R PJCJEBCBGJQ ICEKK
XU?TM <Y > <@
05989.6489#[O.D28. HGCBKG HJCIF JFCJB PHCEGGQ JCFJ PBIQ R R GHCFEE JHCJE
auuuvwwuxyze{|{}~{
y'©«©¬©®¯°±²³²¯ 4766zzy z:65z:54 56:76 zy7y75 y4:7y 5y5 z:5z7z6 8886 68y76 754z7
m } xu|a{v | uvuv
m}-|u|'««¬´©
© ®©«´§´
¬§®\´§
auuuvwwuxzuv uy'
3´´®*°±²³²¯ 88744 :656y4 zy5y5y44 5yy:y z4y6 8865 8877:yz zy: , y8867:
;< => ? <@A##6.648 KKCKG KECBGE HCGIBCI BCHGB HKKCEG JCBG IFICIH JCFJB R GCGGCBG
;<LM <L <@N2#O.648 PGJEQ PKCBBQ PBCHJJQ PJKCFJQ PIJCFEQ R PIFIQ PJHCKQ R PIBCJKQ
STU VT @W296969.648 PHCKEQ PHCBFQ PHECHBEQ PCIFIQ PJBKQ PECHBJQ R R R PGFCBGQ
XU?TM <Y > <@
05989.6489#[O.D28. R PICHGQ GCHF PIJCGFFQ HCHJ PHHJQ R R R PIJCBHQ
auuuvwwuxyze{|{}~{
y'©«©¬©®¯°±²³²¯ 5y654 7y5y:y z6746y:5 577476 7:6y 648 546:: y6z4 , y764774
a{v|uv{v vuvvxuu|{
{u' §´«©¨§®©« ©
)´©§¨¨ ©´¦¦©¦
auuuvwwuxzuv uy'
3´´®*°±²³²¯ R R HGKCHGB R R R JCGEJ R HGCFFF IKCIFH
;< => ? <@A##6.648 R R R R R R HKHCGFF R R HKHCGFF
;<LM <L <@N2#O.648 R R PCEFFQ R R R R R R PCEFFQ
auuuvwwuxyze{|{}~{
y'©«©¬©®¯°±²³²¯ , , zy8y4 , , , 84455 , zy :68z
dxuo d{-'
©¢§§]^´© 446z 48y45 zz68zz4 6y46 y5474 zz7z z857:8 4zy8 y4y76 6:484
Page 245
01245676894846$9/2$:689869/9/2E28/68O$2$125268
95268Z8$482698987O972e
opqrstuttsvwxvyvz{xzw|p}x ¡£¤¥¦§¦¦¥¨©ª¨«¨¬®ª¬©¯¡°ª
s{ryrpqp{v{r{xr~{ ®¤¥£¡¨¨©°¨£¥£®¯£«¨
{p{p{r{p{v{ot|{r ¤¦¡«¨¡¦¡±«²¦¤¨¦³£¥®¡«¥
xyw{r{rxtrvtqs{vq{r §£¤®¤²£®³¨¡®¡«¬«¤¡¨
p s ®´µ¶¥·¹·º»·¼½¾¿ÀÁÀ½Â
wp }p p §µ¼··Â¼·«·
s| « ¼·´´· ¬ µ´µ¶¯ ¿
xs ©·´´¦·¼´·¨Â·
{vyppyp{o ¾À§£«¥®¨¨«¡¨ ¹µ·
o
}
z o {
{ §¼¼·¿ p
³Â ° ´¿ ¬Â¹·¼ ¶ ¼·´ !
¼´Â  ´¼¹¼·´Â  ¡¼Â´ µ¼Âµ µ¶¶¹· ³·Â´·µ °·Â¼·¼ ²µ´¼¹µ´
º ¼µ·º·´ º ¼µ·º·´ · º· · º· · º· º ¼µ·º·´ ´ " µ´ ¼µ¼·´´ ¡µÂ
} ²µ´
o
®#¼ ¾¿ÀÁÀÀ %&''%& &'&'%' '( ')*'* *% &))) *%% *&** &'(&* '%*'('
+,-.01.2.-34$$6/648 56789 86;7< 55;695 =576=8= =786==8 595 ><>6<98 596=;; =6>=76;5; 5697<679;
+,-?@A.-?.-3B2$O/648 C87D C576=7=D C=;567D C=56=98D C>6897D C58D C=9969D C=6<<D C568D C976;78D
F,GH.IJKJG.IJ3L296:69/648 756;8 8>86;>; =695768=; 9569 5>67< C=69;9D C56>>7D M C=65<6;>8D 896=9=
N,HJIJ2G@AI.P.IQ,-R.1.A.-3
05989/6489$SO/E28/ C==685<D C56559D C=<6>7D 86>= 6=9 <87 M M C698>D 89969>=
o s
®¥·¹·º»·¼½¾¿ÀÁÀÀ %*()* *((( (*&)' % %'&( &)&' ***)% (%'*' )'))' )&'*
{o
{ ®¹¹ºÂ·
¥· ¼·¹ÂµÂ
®ºµ¼Tµ
o
®¿#¼ ¾¿ÀÁÀÀ ())(' *'%%%* % &'&*& '')&%' (%%%& &%%( &'& (((
+,-.01.2.-34$$6/648 >=6; >796>5 =65=96<>; 7765;5 =><6=9= 567<7 78=6=85 =765 M 5698<6><<
+,-?@A.-?.-3B2$O/648 C87D C6>;;D C>56>D C=56=98D C>657<D C5<D C=;=6>98D C=6<<D M C77;67<D
F,GH.IJKJG.IJ3L296:69/648 C=6;=7D C7685D C6=9D C965>7D C=6=<=D M M M C=767;8D
N,HJIJ2G@AI.P.IQ,-R.1.A.-3
05989/6489$SO/E28/ M ==6<;5 =;6;8 986>> =6<7> 878 M M M 9<5655<
o s
®¥·¹·º»·¼½¾¿ÀÁÀÀ &&)%% '(*(% **%% *' %( &&(* &&))' ' &&()'
o
® µÂ¹·¶µ¼·¹ ·
·µ¶¶ ·Â´´·´
o
®#¼ ¾¿ÀÁÀÀ '% )&)* (&&
+,-.01.2.-34$$6/648 M M M M M M =756=>8 M M =756=>8
+,-?@A.-?.-3B2$O/648 M M M M M M M M M M
o s
®¥·¹·º»·¼½¾¿ÀÁÀÀ '% ()* &')&
r}r
¤·°µµUV· %)%' )%&*( )(& (&)))) %( && *(('* )& )*&)' ('(&)
{po ! ¡µÂ ®¼·Âµ¶°·Â¼·¼ ´
s s
¥·¹·º»·¼½¾¿ÀÁÀ½ ¥·¹·º»·¼½¾¿ÀÁÀÀ
±·¹Â¼·´ ±·¹Â¼·´
ps ps
©Â· ©Â·
W,H.Q.I.XJP 977655> 9776>8 Y6[9E
W.A,P =8695 =86;>7 LO\\25
],1@ =5657 =76;8 ^O795982
_.J-MH.J- 56<75 76;= Y/125
p ''% ')% ¡µÂ
`-.HJIJIQ,-R@.H.-.I,PP,P.Q.a.H.2I,1.?.J1,AJG@Pb 48989c64:/12924::6d2$92/9529:44fg
p }
p s
·Â¼«·¥·¹·º»·¼½¾¿
+,-,AJ0..-a.AJQ,-R@.H.- 58;697 >767<= h5422$:54E92
iJH.JP,Aj.P.P-,Pka.AJ.I,PP,P.Q m2/955c6879E4O8/4::6d2$
l.-?aJR@.H C9965<9D C56=>5D 92/4$
'')% *) ¤·Â´µ´Â·µ¶¶ ·Â´´·´
Page 246
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qrstuvwvvuxyzx{x|}z|y~rz ¢£¥¦§¨©¨¨§ª«¬ªª®°¬®«±£²¬
u}t{trsr}x}t}zt} °¦§¥£ªª«²ª¥§¥°±¥ª
}r}r}t}r}x}qv~}t ¦¨£ª£¨£³´¨¦ª¨µ¥§°£§
z{y}t}tzvtxvsu}xs}t ©¥¦°¦´¥°µª£°£®¦£ª
r u °¶·¸§¹»¹¼½¹¾¿ÀÁÂÿÄ
yr r r ©·¾¹¹Ä¾¹¹
u ~ ¾¹¶¶¹ ® ·¶·¸± ÄÁ
z u ¡ «¹¶¶¨¹¾¶¹ªÄ¹
}x{rr{r}q¡ À©¥§°ªª£ª »·¹
! "$%" "& '&' &'( )48.5O.64868*54752486.49+
u,§¹»¹¼½¹¾¿ÀÁÂÿ
q - r q
q / q /
¶¼Ä¹0·¸ tr / ¶¼Ä¹¹Ä¾·¸
´·¼ ¹· ´Ä¾¾12°¼· ´·¼ ¹·
3 & " " & & " " 4 5678:; 8<=>> ?:?5 @98#6D*54A2D28.
B "$%" "7&%C%& " EO6#687F.5O.O5298#
"$ ! "$ "! "$%" " 86755; 5>:=?8 ?:?5 6D*54A2D28.
G'" " & " 857H?; <=<6H=56 ?:?5I?:?8 J916825K98#2LO6*D28.
M & " N& ' >57?5; :=: ?:?5 0598*45.9.6482LO6*D28.
P& !N " " QO586.O52F96R.O5298#
& "C "N& ?878:; 6=>8> ?:?5 499622LO6*D28.
rS TUVT £·Ä
u,§¹»¹¼½¹¾¿ÀÁÂÃÂÂ
q - r q
q / q /
¶¼Ä¹0·¸ tr / ¶¼Ä¹¹Ä¾·¸
´·¼ ¹· ´Ä¾¾12°¼· ´·¼ ¹·
3 & " " & & " " 4 5678:; 8=:< ?:?H @98#6D*54A2D28.
B "$%" "7&%C%& " EO6#687F.5O.O5298#
"$ ! "$ "! "$%" " 8>7; <=H:6=8<: ?:?H 6D*54A2D28.
G'" " & " 5>765; <=H<=<6 ?:?H J916825K98#2LO6*D28.
M & " N& ' >57:; <<<=>58 ?:?H 0598*45.9.6482LO6*D28.
P& !N " " QO586.O52F96R.O5298#
& "C "N& ?7::; <:=H68 ?:?H 499622LO6*D28.
rS VWVVW £·Ä
B' X '"Y " "'"$C C ' ' ' E4554[6874.98#9*6.96\9.64859.2
u/ u/
§¹»¹¼½¹¾¿ÀÁÂÿ §¹»¹¼½¹¾¿ÀÁÂÃÂÂ
]N !' X '"Y "X "$ 'C ' ' ' 04.9_4554[6874.9*6.96\2#
N 4^"' " C&"%C 5?=< <=8 _K25.968`O_6#69562.496R2#92.
a' & "'"$C C ' ' ' 8755;M76; 576H;M78>; b9872499*6.96\9.64859.2
P"X%% " " N&' ' '!! "C " c2*5269.648 98# 9D45.6\9.648 [252 19572# .4
N & '! $ '! $' " &'( 4*259.6489*95.49.12944[687+
r r
u/
¹Ä¾¹§¹»¹¼½¹¾¿À
B! " NCNC "Y% " ?=6>5=><5 ?=5?=?H )4.49744#4#
B! " "Y% " " '&'!%'df "?g <>=::5 <=8<> `268798##6.56_O.6482R*282hi4.2jkl
B! "% % " '"'& 'df "?g ?HH=?< ?5<=:5 m2825998#9#D686.59.6A22R*282hi4.2jkl
rS VnT onWnn £·Ä
Page 247
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ·¸º»¼½¾½½¼¿ÀÁ¿Â¿ÃÅÁÃÀƸÇÁ
|| Å»¼º̧¿¿ÀÇ¿º¼ºÅƺ¿
|||q »½¸Â¿¸½¸ÈÂɽ»¿½Êº¼Å¸Â¼
¾º»Å»ÉºÅÊ¿¸Å¸Âû¸¿
| ¡ ¢£ ¥¦§¦¨ ÅËÌͼÎÐÎÑÒÎÓÔÕÖ×Ø×ÔÙ
©ª«|¬ª ¥«¬®¥°¨|| ¥¡ £ª© ¾ÌÓÎÎÙÓÎÂÎ
±®¡²®«¨¢³ª©ª°®¬´  ÓÎËËÎ Ã ÌËÌÍÆ ÙÖ
µª®®©«®¶ ÀÎË˽ÎÓËοÙÎ
¦|||q±²ª©¶ Õ×¾ºÂ¼Å¿¿Â¸¿ ÐÌÎ
!"$"%&"'()( *$""+,'-+ >49?22D@25ABCEFEAC.12G54OHI96J2#92.
/ " 0 1$-$-2 +" -0 %- %$10 .19.19K2@2289OL#2H5269.2#@O.952.6@2687
1 - 2 "'-% "'1'1 '1 314 & - * O.66M2#D968L486.49N6P@O6#687C.5O.O5298#
$'-2-' +" "%& & - 53114%"$1 6DH54K2D28.QN66PD916825L98#2RO6HD28.Q98#
+"' 5 31114 6 ' $+7'$1" N666P.598H45.9.6482RO6HD28.S6.19RO66.6484.
1 1+"'7 "0 $"&"$'8+ ):);:<;=: 9D4O8.687.4THBFCFUVCWUXe
Y" 1$2"+"%1 12 02$ 0,'-+*"'%$-2 012 G54OHI .6.2 494S82516H 4998# 5671.C
0 +"'2"&- *&"'-+ [,\*[,]* [: 68O#687.12 H98.9.64898#C952 68.12945D 49
^ _"%" &"'+" +&0` 2"+"%1 12 02 bGcCbGdC98#bfeg98972D28.649.124H68648
$ 0 "'$"&-+1+"'&'-1a1+"'+ _ .19..1296#.6.24998#5671.4S82516H98@2
+$_-0"%+7: 5282S2#h2J.28#2#OH48.12652JH659.648e
^ _"%" &"'+" + &0` 1 1 "'i g98972D28.6 49.12 4H68648 .19.9 49.12
$"%-$""++ 6 +" +7' 52H45.687 #9.2C.12 955L687 9D4O8.49996J2#
+"'" 1$$1$" -'-0 / 7 "02'" 1-* 92.9529OL524K259@2C98#C1282C84S56.2
121+"' -2 /+" /1$10 $2"'- 1 #4S8 945 6DH965D28.68 96J2# 92. K9O2 6
+" -'- 1 1$""+*2"i- 1$$""+ 82295LC2J2H.94525.96896J2#92.4S82#@L
"'" -/ 1%1 1217 "01j1$1 '1&1$ 1$*&1$2-1* 9756@O682C@6O6.C@2K2597298##965L#6K6648
1j1$1%1 -% 1j1$1#965L1-'- 2 %" _1 .19.S252S56..28#4S8.46.524K259@2K9O2e
$"&"$' 1 1"'+- 102 /:
!"$"%&"' ()( * $" "+ >49?22D@25ABCEFEAC96J2#92.9524K252#
1$-' $12 "'0+'1$1272"&2' '1$127 @L68O598297968.42954D965298#4.12556n
1 / &"'$'2 +2" +7 1$ " O8#259 H46LH9n972S6.1 68O59824K25972
_-% 0 +"' - $"&"$' 8+;<:k k:< .4.9687 THUWCoAoCBWB N?22D@25 ABC EFEEr
3 !"$"%&"'()((l8+;:):< 4*/ %" -'- THUsCVsFCBWBPS161C68D98972D28.I4H68648C6
+" + % _"%" i-2-+ - -2 %" --+ 9#2RO9.2.44K25H46@242.19.D9L9562
2"%- 21 2"'- 1 '1 '1$127 / 954D.1296#68O52#56nNt4.2ABPe
1+"' - 2 3m 4:
,'-+ %" 2-1 1&1 1$ 1"$1%$1$ &1/ 012 G54OH 524786M2# .12 2.6D9.2# 69@66.L 945
+"%&7 2' *+"%1 0 '"$7'$1 72$1 #6D98.687C52D4K68798#6.252.459.6484.49
$&"&"'+& - %"$1 "'" -+ 25.968@O6#68798#D916825629..1228#49.12
$&"'201' /+"'17"$"`$ 0*1% 292H2564#49.1298#CS1252.12292.952
$" "'$"&- &"': \ 1 1&1 1$ _ 2 49.2#e012487{.25DH45.648492.6D9.2#69@66.62
+ _ + !"$"%&"'()( $"&"$' 95O2# 949?22D@25ABCEFEA 9D4O8.2# .4
8+ k:)< 3 !"$"%&"' ()((l 8+ ;:)< 4 THBBoCFWVN?22D@25ABCEFEErTHBBUCFWAP952
12+1 1$$1$"& 1& 1 '1&1/+"'7 "0 9H6.96M2#9H95.49.124.4996J2#92.98#
$""+ 1$_12 $"& 1uv1&1 1$w$1%$1 H5228.2# 9 }~.6D9.2# 69@66.62 945 >2.
$ \1/ "%&7 2' x$" y"+z + ?6D98.6874.68.124846#9.2#.9.2D28.49
+7' +7$1$12"- 27 $7 1$1 : 9689869H46.648e
|¬ª ¥«¬®¥°¨|
¡ ¢£ ¥
ÎÙÓÂμÎÐÎÑÒÎÓÔÕÖ
¦§¦ ¦§¦¦
|¥¡«¡®«¡ »ÌÐÙËÓÙËÙÐÌË
g4K2D28.HO51924996J2#
^-$1+"%&" 1 $""+%" -1 1&1 1$ 3k=: <k4 3=k:<( 4 92..154O7168O552824969@66.L
y12 $" "+ / 1_%1 2 + 01252S2528496J2#92.O2#949.25999.
6 +" +7' : .1252H45.687#9.2e
Page 248
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ·¸º»¼½¾½½¼¿ÀÁ¿Â¿ÃÅÁÃÀƸÇÁ
|| Å»¼º̧¿¿ÀÇ¿º¼ºÅƺ¿
|||q »½¸Â¿¸½¸ÈÂɽ»¿½Êº¼Å¸Â¼
¾º»Å»ÉºÅÊ¿¸Å¸Âû¸¿
| ¡ ¢£ ¥¦§¦¨ ÅËÌͼÎÐÎÑÒÎÓÔÕÖ×Ø×ÔÙ
©ª«|¬ª ¥«¬®¥°¨|| ¥¡ £ª© ¾ÌÓÎÎÙÓÎÂÎ
±®¡²®«¨¢³ª©ª°®¬´  ÓÎËËÎ Ã ÌËÌÍÆ ÙÖ
µª®®©«®¶ ÀÎË˽ÎÓËοÙÎ
½½¼ºÊÊ||³ ÕÔ½½¼ºÊÊÅ»¼º»¸Å»ºÇÊÂÅ¿¿Â¸¿
¨® ÌÌ
!"$%&' &'$ '!' (' ' '$ )* + " 6 #642# 68 74.2 8:.12 ;54O< <25945D2#
, -'&"&'$ $%"/'$ $" "$'$$-' ' '0744#16 6D<965D28. .2. 48 744#16 52<45.2# 68 .12
2'$% 3' ' '!' -' 4 '$ 400 & "'$%'$ 4846#9.2#.9.2D28.499689869<46.648e
&4$04-!'0'$5
¡ ¢£ ¥¦§¦= ¡ ¢£ ¥¦§¦¦=
¼ÎÐÎÑÒÎÓÔÕÖ×Ø×Ô ¼ÎÐÎÑÒÎÓÔÕÖ×Ø××
>(? @)5)AB5ACE @)5)AB5ACE FGH
?I> )5CBJ5B@@ )5CBJ5B@@ HKZF
IL?M C5J)J5BAB C5J)J5BAB ZNHP
QI(I A@C5BR A@C5BR 7ZGZ
I(S> RR5TT) RR5TT) ZGUF
VWIXY? E5RRE E5RRE [0Z\K6H
L]0> $2 !' ^'&'$'$I(S> AE5C)@ AE5C)@ _44#K2948687N6̀664849ZGUF
^I> C5RA C5RA aZKF
^?I b E5CBJ aHZ
© cdc¦§fd cdcfg§ »Î
;44#16! ' '0!"/"$ "& $" "$'$$-' 0 3' ' 0129o4`2rD28.6482#744#161252.2.2#988O9s
'h"$'$ '!' '$%%'-ACL 0 ,i )B)Aj& 3"'- 9456D<965D28.949N22Do25tu:8v8tw2x2<.
"$ "& 744#16 '% i0$0 '!' '$%%'- 744#169459756oO682949y.4o25tu:8v8tze
ACk& 4i )B)Al5W!'&'!'& "%'$ $" "$'$ 0125219846D<965D28.4524786{2#688v8t
$-' 2'$%!'&" ! 'h"$)B)A& 3"'-!0 i" &'$ 2x2<.9#642#68.129441687<959759<1:9
'!' ' '% 'mi &" $2'*&' $'/",-'h "-h&'$ .12 524`259o2 9D4O8. 49291 G;} 1252 68
!' ,'0$%b,'0$% n>M - ih $%% !' 2x249.12955s687`9O249.1252<2.6̀2G;}
,'0$%b,'0$%$-' 3' ' n>Mi 0 '744#16 98#.12529.2#744#16e
&' 5
>'!'"/ $" "$'$$-' 744#16 0 i" ! ' '0* Z8.12744#166D<965D28..2.D28.6482#9o4`2:
n>M ^?I2'$% , " '&'$ i'%'$ !' %, $ G;} aHZ1161 1252 <95.49.12 6756oO682
Y% i0$0 , $%'-', $" "$'$ $-' 0 i 0' K27D28.1252 6D<9652# os <:uv:682 .12
~ E5CBJ&' $'/",-'h "-h&'$!' n>M- ih 524`259o29D4O8.49G;} 194125.198.12
$!'h !' $-' 3' ' $2'5> $" "$'$ $-' $ 955s687 9D4O8. 49 .12 52<2.6̀2 G;}e 012
!3' ' 0 i'%' i'%'$!' '&"$i i'$4 '0 -'$ 6D<965D28.419524786{2#9<95.494.125
!'-', -' 4 '$ -'i' "% !'$ $%h'0-'$ 4<259.6872x<28268.124846#9.2#.9.2D28.49
&4, h $0m-'$&4$04-!'0'$ 'h"$i /'-'$5 <5496.45498#4.1254D<521286̀2684D2945
.12O5528.s295e
> $%'&"'$!'$ $%"&" '$$-' 3' ' 744#16 24786.648 98# D29O52D28. 49.12 955s687
-'h!"$%&' &'$!'-',(' ' '$)5 9D4O8.49744#16952#642#6874.28e
n$ "& "/"'$ $%"/'$ $" "$'$ $-' 0 i" * _456D<965D28..2.687<O5<42:.12524`259o2
/",-'h "-h&'$ 744#16 2'$% !'-4&'0&'$ 9D4O8. 49.12 744#16949.2# .4 FGH:.12
& '!'>(?* & i"$'$ '!"?I>*IL?M*QI(I* 68.2759.2#<98.9.6482.9.249HKZF:ZNHP:7ZGZ
!'$ I(S> ! $ "&'$ i !'0' &'$ $-' '&' 98#ZGUF952#2.25D682#o92#48 `9O2r68rO2
w`9O2r68rO2z: 0 !'$%&'$ "$ "& n>M -'$$2' 9O9.648:1162 945.12 4.125G;}:.12s 952
!!'0' &'$ '!'$-' '/' !&" '$% i'2'"$ "& o92#48 9965`9O224..4 2w_HG0Kz
, $/"'-! $%'$ , $%%"$'&'$ , 4! ' "0 &'0 O687#64O8.2#91941D2.14#e
2'$%!!0&4$ 4&'$5
Page 249
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
¬¬«©¹¹ yx |v v~ }¢}y Ä쬫©¹¹ ´ª« ©ª§´ª©¶¹± ´®®±§®
¡¥ ¿»½
¡¥ »» ¿»½
!"$%$&$' ()$*$( %$ $*!+* !"$+$ ,$() 012944468769ODD95549.126259OD7.648
% )!($$(-$%$"$())$&/01 * +2 3 O2#949822D:25;<=>
vy ?¥@ vq ?¥@
«º¿»µÈ½ A »µÈ½ A
BCE FGHIJIHGKH LG/LJIKGH IGKKJGLI IGKKJLG MNP
QRSB 0IGIH 0IGT FG0F FG/K UZVM
ESRB 0IGK 0/GKK FG0F FG/K PVZM
1 W * B (, %$-Q$$($(RC B 00G0L 00GHF FGKK FGKK X44#V294868786Y664849ZN[M
\RCR 00G0L 00GHF FGKK FGKK ]ZNZ
R1E^ 0KGH/ 0KGLL FGKK FGKK Z8P_
QER 0HG/H 0KGTK FG0F FG/K UPZ
RC B 0KGHF 0KGTF HGKK HGKK ZN[M
`aRbScE 0IG/ 0IGTH FG0F FG/K d0ZfVgP
B h, * *" +$* $ !* $* * " &$' - h% ,$() 012 2.6D9.2# 754m2.2# 91 944 :2548# .12
% i$!- %$&$+ - h, * G % *" $-h&$* 754m2.2# 72564# 952 2n.59749.2# O687 .12
+ ())!($$( *" +$* " ()$" - "!+2!'$( 2.6D9.2#.25D6897544.159.268#69.2#9:4Y2e012
+$j +! " * 2!"% $"$*ka ()$"% *h("h ,$() #64O8.59.2 97762# .4 .12 2.6D9.2# 754m2.2#
% " $-$( -$%$ - h, * *" +$* $ !* $* 919444252#256Y2#954D.1242671.2#9Y25972
% '$* &$(%$ $"$J $"$" " +2$()2 $,$+h%$&%$ 4.49976.949.125272.6Y2Nore012.25D689
+$* ()J+$* ()lB^ka ()$"- "!+2!'$(+$j +! 7544.1 59.2 O2# #6# 84.2n22# .12 487s.25D
,$() % )!($$( " %$ + & 2 ' " ()$" $"$J $"$ 9Y259727544.159.249.1268#O.5568.124O8.55
- "!+2!'$(j$()$-$(j$()-$%$ (%!*" % ( )$ $ 41252.1228.6.6247259.2e
" +-$" (" "$*2 h- $* k
B !2$'$(" '$%$- $*!+* ,$() % )!($$( h& ' N19872 .4 .12 9OD7.648 O2# :5 .12
+$($j + (%$&$+ + ( ("!$(j!+&$'" -!& '$(G D98972D28..4#2.25D682.12524Y259:2Y9O2=
" +$*! " ()$"% *h("h%$(" ()$"- "!+2!'$( 68O#687.12#64O8.98#.25D6897544.159.2=
+$j +!G%$-$"2 %$+-$ * )( t $( -$%$ '$* & D9519Y267869698.6D79.48.1252O.49.12
- ()!j $(kQ$($j + ( 2 ,$ ($( 2$'u$ " %$ 92D28.eU98972D28.6 49.12 4768648 .19.
" %$-$"$&$*$(,$()+ +!() ($(2$'u$$*!+* .125268452948945746:2198726898549.12
!"$+$" * 2!"% $"$*%$-$"2 !2$'* ' ())$( &$ 6259OD7.648.9.2#9:4Y2.19.44O#9O2.12
" i$"$" 744#46 ,$() % $&h$* $( -$%$ 95556879D4O8.49.12744#46949.2#.429149
+$* ()J+$* ()lB^+ (j$% & 2 '" ()) %$ ( &$ .12 Nor .4 D9.25695 2n22# .12655272.6Y2
" -!& '$((,$* i$ $+$" $&k 524Y259:2Y9O2e
Page 250
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268V8#482698987O972W
YZ[\]^_^^]`ab`c`debdafZgb
]e\c\Z[Ze`e\eb\he
ieZeZe\eZe`jeY^fe\
bcae\ke\b^\`^j[]e`[e\
Zmnoompqr]stsuvsxyzyq{mn ¡£¡¤¥¡¦§¨©ª«ª§¬
an|}~Zm}nmnogsxm~xm{mZmnoompZsxtsv}| ¦¡¡¬¦¡¡
]tm~mn{mpmu}|mmnf}m ¦¡¡ ¬©
bs}mp]nm|m~mnjmn ¡¡¦¡¬¡
rq ]e\ e`cZ Zeb gcfaa] ¨§
pmn}|mn £¡
ets|Zm~gsx}}{ ¬¥¡¡
!! "$% ! ! &' !(%% ) *(+,$-$& & / 0129892649D432D28.4968.98764292.69
!(* 0 *(+)$%1 94456
ets||m~vsx}}{
ets||m~vsx}}{ {snomn}u}x|{m~
{snomn}u}x|sxvm|mt7 |sxvm|mt7
¬¥¡¬¡ ¬¥¡¬¡
¡¡ ¡ ¡ ¡¡ ¡ Z8|mp
Zm}nmnovsxm~xm{m|mnoompqr]stsuvsxyzyq7
¡¬¦¡¡¡£¡¤¥¡¦§¨©ª«ª§
\pmZsxm|m|7¬¦¦:¤
; &' , <=27688687=9982 >?@@A?B@B C?ACC?EA A?B@?FB
G( "* / <H##6.648 I I I
G( 0$+ 0 <J2#O.648 I I I
; &' )/+<K8#687=9982 >?@@A?B@B C?ACC?EA A?B@?FB
e~}u}pmteu8x|tmt7f}oYsn}x}nmn\pm7
££¤¬¡¤¦L¬M¤ ¬¦¤¡
; &' , <=27688687=9982 C?FC?E> EEC?NFF >?ANF?BNE
G( "* / <H##6.648 CFF?>FN CF?>@ CA@?AAA
G( 0$+ 0 <J2#O.648 I I I
; &' )/+<K8#687=9982 >?@E?C E@E?F >?@F?>>
\pmZsxm|m|\s|87¡¬¦¦:¤ PQQPRR STUPzr rTTUzRS
Zm}nmnovsxm~xm{m|mnoompqr]stsuvsxyzyy7
¡¬¦¡¡¡£¡¤¥¡¦§¨©ª«ªª
\pmZsxm|m|7¬¦¦:¤
; &' , <=27688687=9982 >?@@A?B@B C?ACC?EA A?B@?FB
G( "* / <H##6.648 I I I
G( 0$+ 0 <J2#O.648 I I I
; &' )/+<K8#687=9982 >?@@A?B@B C?ACC?EA A?B@?FB
e~}u}pmteu8x|tmt7f}oYsn}x}nmn\pm7
££¤¬¡¤¦L¬M¤ ¬¦¤¡
; &' , <=27688687=9982 C?BN?BCA EEC?NFF >?FE?EAB
G( "* / <H##6.648 CFF?>FN I CFF?>FN
G( 0$+ 0 <J2#O.648 I I I
; &' )/+<K8#687=9982 C?FC?E> EEC?NFF >?ANF?BNE
\pmZsxm|m|\s|87¡¬¦¦:¤ RqySrP SPQRzR rPQyPyy
Page 251
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
¬¬«©¹¹ yx |v v~ }¢}y Ä쬫©¹¹ ´ª« ©ª§´ª©¶¹± ´®®±§®
¡¥ ¿»½
v¡ ¡¥ ©ÈÁ½´ºº½º ¿»½
!" $%&'&(( )* )&+&$ $" Z8.9876,292.-6.19686.2O29O692
! " $%&'&( ( )* ) &+&$ $" /0)* 01268.9876,292.-6.19686.2O29O692F-161
1+"&2 3&"&)* ) ( )* ) $) ! 1 !&1 1 1 9542684882.648-6.1.129GO66.64849H59I.48F
4$0 5) $(1$1( $1+ $ !6+ $ ! ( * )* 486. 49 .12 ,598# 89D2 49 .12 J54#O.
7$5(&! 0)* (17$5(&! 152 3 84:;/(1+5$ 1 1 J54#O2#,IZHKLF6,26879D45.6M2#945NPI295
2+ <= 3&) '! 3&)<==>?@ $ !6+ $ ! J2564# .95.687 NPPQe012 ,598# 89D2 68O#2F
$ "& (1) $)0 ( 238)(5+12!/A 7B) !/ 9D487 4.125FZ8#4D6RFS9J T899RF0679 U9J6F
C1* E 71/;$ + $( )8)(5 !$1+? L52D2598#Z8#42R56De
!" $%&'&(( )* )&+&$ 1( ! $" Z8.9876,292.-6.168#29686.2O29O692
!" $%&'&(( )* )&+&$ 1( ! $" /0)* 012 68.9876,2 92. -6.1 68#29686.2 O29O692F
$& + $(1$1( $121 ) 1 1$0)* (1+121!1CEV D968I486.49-9.256282-1614-82#,I
0)* 1+"&2 3&"&)* )( )* ) $) ! 1 !&1 1 1 0U_684882.648-6.1.12529.2#9GO66.64849
( $17 $& 3 )67 $& 3 ) 0)* + )'(1 92.494DJ9862.19.-252J95.49065.9`919769
" *1)( $1W$&7C1$ X 3 *1Y+ $ !( * )* 1$ a54OJb.12 SKc` 5276.252# ,598# 89D2 49.12
+1)&+( 2+! + )[ @4;\ $( ] $A:^X( ) J9R972##568R687-9.25d_Hfg98#.12#6.56,O.648
'$1)* ) (1 $1"& 1( ) 7 2)** ) 0)* (1+121!1 98# O.4D25 82.-45R -161 4-82# ,I
VC C1$ @ !+&$ V $! [ 23 + 2!&!) _0065.9h9RDO5_25R99d19,228D2572#68.4
7 )** "&)* ) & 3 ! CEV\ 0)* 1+"&2 0U_g684882.648-6.1.12529.2#9GO66.64849
3&"&)* ) ( )* ) $) ! 1 !&1 1 1 ( $1 92.494DJ9862.19.-252J95.49065.9`919769
7 $& 3 )67 $& 3 )0)*+ )'(1" *1)( $1 a54OJb98#49.125276.252#,598#89D249h6RO9.
W$&7 C1$ X 3 *1Y $ + $ !( * )* @12!& 9GO652#,IZHKL.154O71.129GO6.648.5989.648
0)* (17 $52 3 84:; + 22&1 $) ! 1 !&1 1 1 49ZLUhe
8;E@?
C1( ! ( ! $&*1) 7 )&$&) ) )1210)* (1!&1 01252 -984 6DJ965D28.4524786M2# 99.
7 ( )** 26 )** 2 7 275$)/ ! i& 21 &) &! 52J45.687 #9.2F2k2J.945.12 ,598# 89D2 49
+ $ !( * )*@12!& &) &! 3&)0)*" $!31$ h6RO9.945.12I29528#2#H22D,25lmFNPNle
7 ( )** 2j4 +" $<=<j?
V )&$&) ))121+ $ !( * )*@12!& &) &! 3&) 0126DJ965D28.448.12,598#89D249h6RO9.
0)* " $!31$7 ( )** 2j 4 +" $<=<j 945.12I29528#2#H22D,25lmFNPNl9D4O8.2#.4
" $n7j?<=o(1" " )!)7 ( 57 $ 1 3&) rJmlFNPs -9 19572# .4 .12 O5528. I295
" $'2)?n&*17 )&$&) ))121 $ "& (1 " "!) 4J259.648eUO1 6DJ965D28.4-9#56t28 ,I
7$50 ! 1 $& ! 0)*(13 $7!)(1+ ( 7 ) J54u2.2# 9194-68 .12 9O.O52 68.12 671.49
( 2+!5)(1 17 $ 1)1" 2&++ )i&!&71&) &! O5528.D95R2.48#6.648-16162kJ2.2#.4,2
+ )& &71)121 $i !" $%&'&( $ "& ? 689#2GO9.2.4524t25.12955I687t9O249.1296#
68.9876,292.e
Page 252
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
ghijklmllknopnqnrsprothup ¡¢ £ ¤¦¢¤¡§¨¢
ksjqjhihsnsjspjvs ¦ ¡¨ ¦§£
wshshsjshsnxsgltsj £ ©£ª «¦£
pqosjysjpljnlxiksnisj ¦ª¦« ¦£¤£
h{|}}{~k{| ¦¬®¯±¯²³¯´µ¶·¸¹¸µº
o|h{|{|}u{{{h{|}}{~h ´¯¯º´¯£¯
k{{|{~{{{|t{ £ ´¯¬¬¯ ¤ ¬®§ º·
p{~k|{{{|x{| ¡¯¬¬¯´¬¯ º¯
«« ksj snqh hsp uqtook ¶µ«« ¦ ¦¨«£ ¦ £
~{|{| ±¯
sh{u~{|{| º³¯¦¬¬¯¬ ±¯
! " $%&'&( ( )* ) &+&$ ,( ! $" Z8.987612 92. 26.1 68#29686.2 O29O 692
-/)'& )0 348.68O2#4
5) &! &'& ) 6 )*&',) 6 )&$&) ) ),/, $ "& 7 H456DI965D28..2.687IO5I42J.12524<25912
'&+/8 $6&/,8!) ! " $%&'&((, ) &!) 9D4O8.49.1268.98761292.2252#2.25D682#
" $( $!) :),/,6 !,;-<9O2 68 O20( )* ) 192#48B<9O268O2CO687#64O8.2#91942
+ )**&) !)+ =( $& ! >)*(,(, !=) =!) D2.14#2K2I.9451598#89D2.19.696962#9
! ?& /,&) &!+ $ !( * )*>)* $+ &!( /+ 68.987612 92. 26.1 68#29686.2 O29O692 O687
! " $%&'&( ( )* ) &+&$ ,( ! $" 7 B54@9.@A52629CD2.14#98#94529.256282O687
+ )**&) !) + =( :54@9.@A52629; ( ) &) &! B4.A9<687C D2.14#e 012 9442687 6 .12
/, ) , ,$+ )**&) !) + =( B4.A9<687CE ODD95@49.12L2@9ODI.648O2#M
F $,!& ( /8$,)*! )( $, &+ ,& + >)*
(,*&) !)G
kN kN
¯±¯²³¯´µ¶·¸¹¸µ ¯±¯²³¯´µ¶·¸¹¸¸
P,)*! (, !=) = QR7SRTUQQ7VWT QR7WTUQ7VT X64O8.59.2
P,)*! 6 $ &+"&8 )+ ' +&! Y7RRT Y7RRT 025D6897542.159.2
[$=> ! , $& ! /8 8&) >)* (,?!&6 012 I54]2.2# 91 942 12@48# .12 I54]2.2#
( /+ 6 $,=( 6$=> ! , (, ! $6=/ , I2564# 952 2K.59I49.2# O687 .12 2.6D9.2#
+ )**&) !) ,+ , ,)*! 6 $ &+"&8 ) .25D6897542.159.268#69.2#914<2e012#64O8.
+ ' +&! $ "& (, EP,)*! (, !=) = >)* 59.29II62#.4.1291942I54]2.648952#256<2#
(, $6!)6 ( 6$=> ! , $& ! (,8 ,/!)( $, 954D .12 22671.2#9<259724.499I6.949.12
$ U$ $ ,+" )*",> +=( /( $,5[\ $!, E 52I2.6<2^_`e
[$=> ! , 6 )*8 + ) ",> ( ) 6$=> ! , 012 I54]2.2# 4. 9<687 98# .12 I54]2.2#
6 )( 6 )( $,$=>/ , /8 8&)>)*(,?!&6 52<28O2954D54@9.@12@48#.12I54]2.2#I2564#
( /+ 6 $,=( 6$=> ! , (, ! $6=/ , 952 2K.59I49.2# O687 .12 2.6D9.2# .25D689
+ )**&) !) ,+ , ,)*! 6 $ &+"&8 ) 7542.1 59.2 68#69.2# 914<2e012 #64O8.59.2
+ ' +&! $ "& (, EP,)*! (, !=) =>)* 9II62#.4.124.9<687I54]2.648952#256<2#
(, $6!) 6 ( 6$=> ! , 6 )*8 + ) ",> 954D.124.499I6.949.1252I2.6<2^_`e012
(,8 ,/!)( $,",> +=( /( $,5[\ $! , EP,)*! .25D6897542.1 59.2O2#68.12914<2D2.14#
6 $ &+"&8 ) + ' +&! >)* (,*&) !) ( /+ #4284.2K22#.12487A.25D9<259727542.159.2
+ =( (, ,( ! + / ",8, ,)*! $ U$ 49.12 68#O.5@68 .12 4O8.5@21252.12 28.6.62
6 $ &+"&8 ) ')*! 6 )')* 6 ( ,)(& $,(, 4I259.2e
) * $ +6 ) , " $=6 $ ,E
asnqhhikspxsjwstxsijjvs ¶b©£§cª¡§§£¦ £
,( !/)?$/,))> $& + $(,$,($, d.125 848AO5528. 92. D968@ 486. 49
",=/=*, 7",> (,">$(,+&! () &)* +&! 164476992.JI52I96#98#9#<982J498.4
')*! 6 )')*76,)'+ )6 ( !$>% )( )& )* 2DI4@2298#9#<982945IO519296K2#92.e
+&! 6 +" /,) 6E
Page 253
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| º»½¾¿ÀÁÀÀ¿ÂÃÄÂÅÂÆÈÄÆÃÉ»ÊÄ
|| Ⱦ¿½»ÂÂÃʽ¿½ÈɽÅÂ
|||q ¾À»Å»À»ËÅÌÀ¾ÂÀͽ¿È»Å¿
Á½¾È¾Ì½ÈÍ»ȻÅÆž»Â
| ¡¢£¤£¥¦£¨©ª©¡« ÈÎÏпÑÓÑÔÕÑÖ×ØÙÚÛÚ×Ü
¬®|¯°£¨®¯±̈³«| |£¨¤£¦¬ ÁÏÖÑÑÜÖÑÅÑ
´±¤µ±®«¥¶¬³±¯· Å ÖÑÎÎÑ Æ ÏÎÏÐÉ ÜÙ
£¸±±°¬®±¹ ÃÑÎÎÀÑÖÎÑÂÜÑ
¢| ¶ q·· ØÂËÀÉ»»ÅÉÆ ÊÈ¾Ä ÍÀȾÂÙ ÀÅÉ¿ÉÈÁ»Â
|»ÉûÉÅÌŽº»Â Ⱦ¿»ÉûÉÅÌŽº»ÂºÈÈÊÍÅ
!" ! $% &%!'(%)*! '& * /145.0.25D198249834425#599.98#.5O.5226+.
.5O.5226+. %)&,),& ),- +95912486.496
¶¥ ¯LÈÔÏÎ
¡¢£¤£¥¦£¨©ª©¡L ¡¢£¤£¥¦£¨©ª©©L
¿ÑÓÑÔÕÑÖ×ØÙÚÛÚ× ¿ÑÓÑÔÕÑÖ×ØÙÚÛÚÚ
¥³±¯L½É Ü
M &,), vVPPvVAAA PV>PWVAAA
XT\w @VPvWVAAA @VAAAVAAA
\TX !?X]7 &: %<, x?X]7 &: %<, y >VAAVAAA z@{VAAA
XY[ >vVWAA @V{zPVAAA
\TX !M,}*B:7 &: %<, xM,}*B:y PWVvW@ >WVWzP
~ X ! @WAVAAA
Xw7 zWAVAAA
Ma WVAAA
¦¬K¬ ¢¡¢¢¡© ¢ª
¥¥¬¤±´¬¬¡¹L
½ÐÏÖÑÓÖÖÑÓ ¾ÏÑ×
Xw7 zzAVvAA
M,}*B: zPWV@@v >V@>zVA@W
X !:8YB, P{@VPvA
Ma vvVPPW >VWWV>>A
\TX !M _ !7 &: %<, 'T !xM _ !y @{@VAz@
X7 &: %<, >VWPzVAPW
¦¬K¬ ©©ª© ©¢ª
|K¬ ¢© ª¡ ¢©
7 8:); <, = , ;% % , $, " ; ! " ! C.12568945D9.648 529.687 .4 /145.0.25D 1982
$% &%!'(%)*! & * .5O.5226+. $ & 49834425#599.98#.5O.5226+.+9591299.
=>?%<%; %)@A@ & = B<% ,%),!* - E22D125FG3HIHF9529944J6
¶¥ ¯®¤±¥¥
¤±±¬¤q±µ¥L
ÆÜ ÔÔÌÖÑ
¶¬¯|£¥³KLÆÜÖÑÎ ¶¥±LÌÏ ÜÑÖÜ ÁÜÓ ÑÎÍÔ
¥³±¯L½É Ü
N* ,@A@P& ?%<%; %)@A@PQ
M &,), RO82HIHS98#E22D125HIHS T $ " ;, QU82O52# >AV@WAVAAA
T $ " ;, '!%(* =," ;, !:)$:) <,& ),7YX\
& ]7M\<% %< )!%$%;,=,! & = ;^ , <
[ ! _ * *!8 <,=, <<% %< )`$>VAAA_
&,$%):=%B:=%B[7XM& `$WWVAAA_ &,$%):=%B
a]'M7]\'M\7& b\7c& 8 <,=, <<% %< )`$
PAVAAA_ &,%),! !%$ & 7d]M&," ;, " ;,
!:)$:) <,& ),7?bdQU82O52#32f2+.94545+459.2
7O9598.22954DZghi98#/Zji68+54+45.648.46.
2kO6.54J82516+686./O16#695629459966.5
9D4O8.687.4l+GFm3III41.9682#15nZhj98#
l+ooF3III41.9682#15r/3jZ/i3jiZ98#siZt98#
X% %) $ =&, B* @A@PQ 9966.59D4O8.687l+SI3III41.9682#15Zu/j
XY[ /24259#9.268HIHS 7O9598.221545+459.27O9598.22954DZEsu PVWP>VWAA
Page 254
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q| | ¯°²³´µ¶µµ´·¸¹·º·»½¹»¸¾°¿¹
|| ½³´²°··¸¿·²́²½¾²º·
||| q ³µ°º·°µ°ÀºÁµ³·µÂ²́½°º´
¶²³½³Á²½Â·°½°º»º³°·
| ½ÃÄÅ´ÆÈÆÉÊÆËÌÍÎÏÐÏÌÑ
¡¢£|¤¢¥£¤¦¨ ||¢¡ ¶ÄËÆÆÑËƺÆ
©¦ª¦£ «¢¡¢¨¦¤¬ º ËÆÃÃÆ » ÄÃÄž ÑÎ
¢¦¦¥¡£¦® ¸ÆÃõÆËÃÆ·ÑÆ
| « q¬¬ Í·Àµ¾°°º¾» ¿½³¹ µ½³·Î µº¾´¾½¶°·
|°¾¸·°¾ºÁº²̄°·©ª¢¡® ½³´°¾¸·°¾ºÁº²̄°·¯½½¿Âº· ÈÄÆ
!"#%!# & '& !#(# )! ! *! + )! '+! =.125 68945D9.648 529.687 .4 >145.?.25D @98A
(& ,&+-/& 0+! ,! 01! '.5O.52262. (!,! 498B4C25$599.98$.5O.52262.29E9@299.
1! ''!% 34 5&"& *& 6763 !,!%!8 "&*!'!# F22D@25GHBIJIG9529944KLM48.68O2$N
*& #+01:;%! )01! <
«¢¤£¦¢
¦¦¡q¦ªQ
»Ñ ÉÉÁËÆ
«¡¢¤|¨PQ»ÑËÆà «¦QÁÄ ÑÆËÑ ¶ÑÈ ÆÃÂÉ
¢¨¦¤Q²¾ Ñ
ÈÄÆ
S! (!W! # ! +&/0!%#)! # ! + ( !"#,! #XYT
"&*&"! +&(& #%#+! ,!%! [ 1#1!"\ !+ ]!0 10+
!"#%#1!""&*&"! ^(77_777,! ^(377_777]! '
,#(& %&8,! #YX\,! XRUà82O52$B2b22.945
452459.27O9598.22954D>Zcd68245.648.46.
2fO6.E4K825162686.>O@6$695629459966.E
9D4O8.687.4g2hJJBJJJ98$g2GJJBJJJ4@.9682$
RSTU U V& *& 676 @Ec>i98$>jk 6_43l_777
S! (!)! # ! ,! )! # ! + ( !"#,! #XYT
"&*&"! +&(& #%#+! ,!%! [ 1#1!"\ !+ ]!0 10+
!"#%#1!""&*&"! ^(m77_777k̀279.6C222$7298$
452459.27O9598.22954D>Zcd68254245.648.46.
2fO6.E4K825162686.>O@6$695629459966.E
5RX , &"#! X&(1& *& 676 9D4O8.687.4g2nJJBJJJ 4_377_777
R^ \'0"10"676`iO7O.676 S! (!)! # ! à82O52$ l_777_777
¡¢¦Q
²ÅÄËÆoÈËËÆÈÆÃ
R&*& !(!1! ''!%,#1!80 676`
Y#r08 s< >2C259$9.268IJIh S! (!)! # ! à82O52$ tXul77_777_777
Ytvws< 5&"& *& 676F̀22D@25IJIh S! (!)! # ! à82O52$ tXu6l6_777_777
Y!]*! +s< \( #%676 S! (!)! # ! à82O52$ tXux7_777_777
tyR , &"#!s< \( #%676 S! (!)! # ! à82O52$ tXu467_777_777
R! + z8# !s< \( #%676 S! (!)! # ! à82O52$ tXu47_777_777
RUs< U V& *& 676 S! (!)! # ! à82O52$ tXu667_777_777
Y! ,# #s< W0 #676`{O82IJIh S! (!)! # ! à82O52$ tXu4l7_777_777
R^s< \'0"10"676`iO7O.676 S! (!)! # ! à82O52$ tXu477_777_777
RSTUs< \'0"10"676 ìO7O.IJIh S! (!)! # ! à82O52$ tXuml_777_777
}! !R! +s< W! 0! #676`{98O95EIJIh S! (!)! # ! à82O52$ tXu6l_777_777
s<v!"#
%#1!"~ !"#%#1!"(# )! ! # # & 0(!+! (# )! ! ,!%! !1!0! '5 %! \X ! 0 ,!(!1,#1! #+,!%! !1!0! '^0(#!80̀12252$6.9966.62952$284D689.2$68a>F495
O5528E@O.98@2$59K8$4K868gO2691O5528Ee
v!"#%#1!" (# )! ! 1& "&*011& 01! ! ,#'0 !+! 01296$9966.62952D968EO2$.4968982.12
0 10+ ,!%+& )! T& 0"!8!! ,! [ 1#1!"\ !+ K45A687 926.949.12 4D298E 98$ 5222.6C2
1& +!#1_ >O@6$69562e
Page 255
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|}~ | ¬ °̄±²³²²±´µ¶´·´¸º¶¸µ»¼¶
~ ~|}|~~ º°±¯´´µ¼´±̄º̄»¯·´
||~|q~ °²·´²½·¾²°´²¿±̄º·±
~~~}}~ ³°̄º°¾º̄¿´º·¸·°´
| ºÀÁ±ÃÅÃÆÇÃÈÉÊËÌÍÌÉÎ
|¡¢ ¡£¥|| ³ÁÈÃÃÎÈ÷Ã
¦£§£¨¥£¡© · ÈÃÀÀà ¸ ÁÀÁ» ÎË
ª££¢ £« µÃÀÀ²ÃÈÀôÎÃ
|~ ~ ¨~ q ~ © ~© Ê´½²»·»¸ ¼º°¶ ¿²º°´Ë ²·»±»º³´
~|~»µ´»·¾·¯¬´¦§« º°±»µ´»·¾·¯¬´¬ºº¼¿· ÅÁÃ
! "$ ! %$% &% " ! '% ! 0125987249988O968.252.59.248.12O97249
() ""% * + ! %! " & $, "$ () -)$/ .12 145.5.25D 6987 49884:25#599. 98# .5O.
0) %$ /- %! ".5O.52261. )+ 2 () 3-) 52261.19;962#O5687.1252145.68712564#69
()+ (3 - + ' )& " &) $%!4 944<=
±Ã
Å
ÃÆÇÃÈÉÊËÌÍÌÉ> ±Ã
Å
ÃÆÇÃÈÉÊËÌÍÌÌ>
¾ÈÈÃÅÃÀ±ÃÁÆ ÎÁ
?%( ' /@ABC/EEA @/@ABC/EEA FO1691
G3+ HI J/EEABK/EEA E/L@AB/KEA MNP495
q ¾ÁQÃÎÀ
R) - $ () S ! B() S ! - + 2 M8#25.12.25D49.124:2568749897522D28.8
() , , ( , 2 /T) % ' - U ! ! H $ .12Y4D198;98#25.968NO66#695629#26.45
!) !) !% S " 2) , - -)& !% - ' % $ % !%$ 95252[O652#.446.96815645<56..2891154:9954D.12
2)2() 3+)'() )!%,% !) !%+ )&)+%2 S - 52#6.45 <6.1 5212..4 .5989.648 68:4:687
( $ )- !% )'%&% " -) " ! $ S " 9D4O8..19.2\22#25.968.15214#97522#<6.1
2)+)& ' & ! !) !) !%S "- )!%,% 3+)' )! ( 29152#6.458O1989D4874.12589[O66.648
$ )- !% )() ! / ! + 2) 0 $%(/ $% - 98#68:2.D28.]9245.59892549.1265D9^4596\2#
V) ! W() ,% + ! % () " + ' )!!)! ( 92.]#2959.64898#19;D28.4991#6:6#28#]
%! 2 W() "%2%2 - ()2& " - V -) $ W 92 45.598925492\6.687 1952]19872 68
() ,% + ! % () " + ' ' 2 S " - W D9^456.; 4<825161] 19872 68 .12 412 49
() %& ' $)()2 + $ 2 S3 ! () % ' W 6O6829.6:6.62]98#52#O.64849916.9e
() %& ' + "$%( $)" ! % ' W -
() "% " 23- +X
¥¡¢q£§ ¾ÁÆ ÎÅÿÁξÁQÃÎÀ
T - ! "" +J_ G) )2&) @E@J/` %( !)+ ' a49P22D625bc8dfdb8.12g54O1194D162#
2)2) %' )2% () S ! ( , 2 ! % <6.1 92\6.687 498 4:2898. 4546.9682# .12
2)2() 3+)' <96:25 )& " 2 - () +%$ X 82295; <96:25 9 52[O652#ea 49.12 #9.2
I 2( -) " ! "" + () S)+) + (3 49 4D12.648 49 .12 4846#9.2# 9689869
$)% " $3 3+ - / )+% %' * + ! %! " .9.2D28.89145.5.25D 6987 49884:25#599.
& $ , "$ () -)$/0) %$ /- %! " .5O. 98# .5O. 52261. 19;962 9966.62 .19. 19:2
52261. S " !)+ ' , !%' !)2(3 , $ - !)+ ' D9.O52#86998;819:26228196#452\.28#2#e
- +% ! %(% - () ( , "$)2& + X
h|~i Êj»º±·¬ºº¼¿·´
k! "% ' !) - - 4 059#219;962486.49=
> >
±ÃÅÃÆÇÃÈÉÊËÌÍÌÉ ±ÃÅÃÆÇÃÈÉÊËÌÍÌÌ
q£¡ £ ȬÎÈÃÀ
T)2 3$+3$ + LXJ_KXCKE LXJLXlKL m49O11625
T)2 3$+% )") CLX@ CL@X__ n452678O11625
I%&B!3! +BT ' $$)! " X_K@XK X@JKXC NO65.4.950165#195.62
T ' $&) )+ or ! ! J_s _CEXl _JLXK@l F29.2#195.62tu4.2bcv
|w xy x ÁÎ
I * !- '%&% " - ! $ ! ` %( 01289.O5249529.64816198#.5989.64849.12
-) " ( ' $B( ' $ &) )+ - ,)+ $ ( - g54O1<6.1529.2#195.629522\19682#68u4.2bce
r ! ! J_X
k! "% ' ! - $- , 2 /! - $- $) $ &% " 059#219;962952O82O52#8848568.252.6295687
- %2%2 S 2)2(% S S ! ()2& S 98#728259;<6.1.25D4919;D28.49z.4{f#9;e
! K' 2( -) " lE' X
Page 256
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ±² µ́¶·¸··¶¹º»¹¼¹½¿»½ºÀ²Á»
|| ¿µ¶²́¹¹ºÁ¹´¶´¿À´¼¹
|||q µ·²¼¹²·²Â¼Ã·µ¹·Ä´¶¿²¼¶
¸µ́¿µÃ´¿Ä¹²¿²¼½¼µ²¹
| ¡ ¢ ¿ÅÆǶÈÊÈËÌÈÍÎÏÐÑÒÑÎÓ
£¤¥|¦¤§¥¦¨ª¢||¤£ ¸ÆÍÈÈÓÍȼÈ
«¨¬¥̈¢¤£¤ª¨¦® ¼ ÍÈÅÅÈ ½ ÆÅÆÇÀ ÓÐ
¯¤¨¨§£¥¨° ºÈÅÅ·ÈÍÅȹÓÈ
|«¬¤£° ϲÀ¿¶¼±¿¿Áļ¹ ÊÆÈ
! " $ % & ' & () % )(" *$+ 01297687989,649.59#2-9,9/26994401
¡ 2 ¡ 2
¶ÈÊÈËÌÈÍÎÏÐÑÒÑÎ ¶ÈÊÈËÌÈÍÎÏÐÑÒÑÑ
3 4 " 56786788 56576:5 ;O5528.
<( &= $&$(!>?+ @A25#O21
BC7:& " BE6FB7 556G75 HIJK#9,
7BC:& " E7768: B865F5 JHILK#9,
BC:& " 7B6F5B G:685 LHIMK#9,
3() &' " :& " 675 B:6::: N452.198MK#9,
|P£ QQRSQ QR ²ÆÓ
R | ÏT¿ÃÃÀº¼¶ ¼U±¼µ¹¼¹ ¿µ¶ ¹Â·À²V²¼À½
q ¼½±Ä·¼¼Á¼µ¼¸²́¹Ä´¿ÁÄ́²́
W() *" X5O2#Y[-282
W() *" $("' " ' " + X5O2#2[-282486.491
¡ 2 ¡ 2
¶ÈÊÈËÌÈÍÎÏÐÑÒÑÎ ¶ÈÊÈËÌÈÍÎÏÐÑÒÑÑ
\* ' >"?!? B68F86FGE B656:8 X#A25.668798#-54D4.648
W() >(= 7B6: F5B6B5B ]26872[-282
W() ) % F:68: F:6B8 Z8.252.2[-282
^$ $ 8E67 8:6E8B _.66.62
W ` %* $ F6GE5 6:F a52671.2[-282
3 C b! %C! %' ) c &d>F:6:::f B6:F86GF: 7:6:E5 @.125g291/240h-iKjKKKk
|P£ l¡mQQ¡m ¡ ²ÆÓ
3 ) $ \!) n("= o %* r('(* ]145.I.25DYD-4,22s28296.t69/66.,
* $("$ ! $("' " ' " )() % = u$= % 01694O8.D968,486.49/495#49#652.45v
' )? * "` c ' ' "(* 6 98#2D-4,22v99562j/28296.98#/48O2e
mqq Ïw²¿U¿²´·µ
q¬¥¢¨§¢¨¤¥ ±ÍÈ ÓÓ ÈÅ
r = *' ) ` "' ! * $("' " ' " + x52-96#.9[2486.491
¶È
Ê
ÈËÌÈÍÎÏÐÑ¡ÒÑÎ2 ¶È
Ê
ÈËÌÈÍÎÏÐÑ¡ÒÑÑ2
r = *>(%& Z84D2.9[2
r E7 C 7F X5.62yJ
rrzC($? 5E6GGB FB6:EE {X0I82.
r = * C 5E65B7 76F77 @.125.9[2
|P£ lSSl QQ S ¡ ²ÆÓ
r(!(" $ &=% !(($ >* *( * $ " }rrz' " 0124A258D28.946D-42#.1268529249{X0
(! B:~!(= ' BB~! $ %% B>" E:EE 59.2954D-52A64O,HK .4/24D2HH 2992.6A2
' BE~! $ %% Bo " E:EF6 48 X-56 Hj yKyy 98# Hy 2992.6A2 48
98O95,HjyKyie
Page 257
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
qq¢~x ¡¥ ħ´´§©¬ª ¿»½
}¡ §È ½º ÈÈÁ½
! " $%&'%'& %'( 09)2*9+9,2486.49-
y/ y/
«½¿½ÀÁ½ÂÃÄÅÆÇÆà «½¿½ÀÁ½ÂÃÄÅÆÇÆÆ
0 ! " $ 1 2'3 Z84D2.9)2
0 2 345 65 747 85.62:;
0 2 364 64<=>? 6?><==6 85.62@:
0 2 366 574 >> 85.62@@
0 2 367A6> ><?5 =<7 85.62@BC@E
0 2 365A6 4<>6<64 4<F<547 85.62@;C@G
00HI $ J 4>=<?>4 4?<46F K80L82.
0MM F<F?F >F<=6 N54*25.+.9)
0 ! "3 ' I3 ' F ?7 P.125.9)2
vQ RS RST §»È
QU º¿È ½¿»¿ È»
V$"J 2'3' 2' % 3 W 2$W$3XY W$W ! " 0125248669.648,2.^228684D2,29452684D2
$ 1 2'3 [2$W 'Y $%\ XY & 3 J% .9) 2)*282_ 9 14^8 68 .12 4846#9.2#
3 W %X ' & $ 1 2'3 "JY %$1$ 2'] 3 ' .9.2D28.49*5496.45498#4.1254D*521286̀2
"J 2J3'& 2' & $2 'Y 2' 3 W "$ ! " 684D2_98# 2.6D9.2# .9)9,2 684D2 49.12
0$%X2 1 & 3 12$W 'W$%'"X ( a4D*98+69944^-
vv
y/
½È±½«½¿½ÀÁ½ÂÃÄÅ
b W 2$W$3XYW$W ! " $ 1 2'3 Z84D2,29452684D2.9)
W$%& 2 %" 3 J% 3 W %X '& 2)*282*254846#9.2#.9.2D28.49
$ 1 2'3 "JY %$1$ 2']3 ' *5496.45498#4.1254D*521286̀2
"J 2J3'& 2' 45<>45<7=? 46<74=<>5 684D2
c'"X% '3 W 2$W$3XYW$W ! " i2684D2,29452684D2.9)
$ 1 2'3 d ' 2f " g4?<45<5?Fh g44<7=<4F5h 2)*2829..56,O.9,2.4jO,6#69562
d3'Y' 2' 764<>? 7=<=4= k6D689.648
b W 2$W$3XY W$W ! " $ 1 2'3 Z84D2,29452684D2.9)
0$%X2 1 4<<54= 4<74F<?= 2)*2829..56,O.9,2.4.12a4D*98+
c' YW 1g&'"X% 'h( 8##l#2#O.m-
M$& $Y J%$%g $%X Y $%&'%'& %'
$%W$& $ nX2X % 02D*4595+#69925282lD968+
$% ! " & "JY$%2' 32$% 486.68749.122)249.9)4`25
$ n'2'1 X X"3' W'3' 2'YW 3 ,44r#2*5269.64898#*54`6648945
"$%! " %n o h 4F<67> 7<465 69,66.629452D*4+22,28296.m
M$& $ g $%X Y $%&'%'& %'W$W N25D9828.#69925282lD968+
"$2$! 1 $% " %n o [ 486.687492D*4+22,28296._
%$ %$2$ 2'& 2XYW h ?<>? ?=6<67 52*5228.9.64898##489.648m
0$ 1 2'3 n $3 1&'"$ " ! " Z84D29529#+O,s2.2#.4
]' 3 g44<??=h g465<4?h 9689.9)
~q¡tq RTS SRR±ºÀȽ§È ÈÁ½©¿»À½u¸»À È
Page 258
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
ghijklmllknopnqnrsprothup ¡¢ £ ¤¦¢¤¡§¨¢
ksjqjhihsnsjspjvs ¦ ¡¨ ¦§£
wshshsjshsnxsgltsj £ ©£ª «¦£
pqosjysjpljnlxiksnisj ¦ª¦« ¦£¤£
h{|}}{~k{| ¦¬®¯±¯²³¯´µ¶·¸¹¸µº
o|h{|{|}u{{{h{|}}{~h ´¯¯º´¯£¯
k{{|{~{{{|t{ £ ´¯¬¬¯ ¤ ¬®§ º·
p{~k|{{{|x{| ¡¯¬¬¯´¬¯ º¯
gqtgsspsj~{|{| ¶¦¦ ±¯
t|~{{~~{|{| ¬±º ´¯±± º ±¯
!"!!# !%!# & #'!&(!)%!# * !+ 012:4D;98<=69626.>?>@988O9684D2.9A
&, )+!" !#-!" #!#/* -0(!1!%( #2"!)3!# 52.O58BCE0FG92$48.129G4H29O9.648e
,!4!# +!" # 5657 , 4!! %!# ( ")+ #2!#
4)!+!8
I &3!"( #2"!)3!#% #!(!1!%4!#, ,!#(!1!% 0129D4O8.49.12:4D;98<L.9A9G2684D298$
( #2"!)3!# %)#) !"!!# #+ % +!" # 5655 O5528.684D2.9A2A;282945>?>>M9.9.2$68
( +)'!#2 4) , +%!# 4)!+! 4!# +!#2 " .12945274687M98$.12529.2$684D2.9A;9<9G2
+ %!)+ 4!" 4)3!(J %!# J3 " !"!!# 4!3!& =252 52;45.2$ G<.12 :4D;98<68 6.>?>> CE0
* - ",!4!#+!" #5655% K!#+J !1!%8 OGD6..2$.4.1209AN9962e
u{|{{|}{~{| ±²¯º ¯ ¯¬¯
P)#Q)!#, ,!#(!1!%( #2"!)3!#'!#24)3!(J %!# T2.96 49684D2 .9A 2A;282 52;45.2$ 68 .12
(!4! 3!(J !# 3!,! 2) 4!# ( #2"!)3!# 4846$9.2$.9.2D28.49;5496.45498$4.125
%J&( " #)R3!)# %J#J3)4!)!# !4!3!" ,!2!) 4D;521286H2684D29529944=U
, )% +S
h{|{|}u{{{h{|}}{~
kV
¯º´£¯¯±¯²³¯´µ¶·
g{{|}{~{|{{|W ª´´º¯ ±²¯º X
K)#) :O5528.
-!" #, 1!3!# Y8678[\6 58\785\ :O5528.<295
#' !)!#!+! +!" #3!3 Y78\6 []8^Y _$Ò.D28.6852;2.49.12;5645<295
-!#22 "!# T292552$
-!" #, 1!3!# /56[8\^0 /[587^0 :O5528.<295
#' !)!#!+! +!" #3!3 [\8^\ 5]78]Y\ _$Ò.D28.6852;2.49.12;5645<295
h{~u{|g{{g|}{~{| abc bdb º ±²¯º £ ¯¬¯
Page 259
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ·¸º»¼½¾½½¼¿ÀÁ¿Â¿ÃÅÁÃÀƸÇÁ
|| Å»¼º̧¿¿ÀÇ¿º¼ºÅƺ¿
|||q »½¸Â¿¸½¸ÈÂɽ»¿½Êº¼Å¸Â¼
¾º»Å»ÉºÅÊ¿¸Å¸Âû¸¿
| ¡ ¢£ ¥¦§¦¨ ÅËÌͼÎÐÎÑÒÎÓÔÕÖ×Ø×ÔÙ
©ª«|¬ª ¥«¬®¥°¨|| ¥¡ £ª© ¾ÌÓÎÎÙÓÎÂÎ
±®¡²®«¨¢³ª©ª°®¬´  ÓÎËËÎ Ã ÌËÌÍÆ ÙÖ
µª®®©«®¶ ÀÎË˽ÎÓËοÙÎ
qq³±²ª©¶ ոşº½» ÐÌÎ
£°²«° ¬¡®±²ª©¶ ºÐÌÑÎÙ Î ÎËÎ ÐÌÎ
!"$%& '" ("$ )!'* + , '(% %! "2-3! 04 0! ' 2)'! " & $" 2"0
- !& ("$& $" "+ /* +'%&!)$ - !0 "$0! 0- !&- 0%!/-* !& -''-,&1
)! *01
|¬ª ¥«¬®¥°¨
| ¡ ¢£ ¥5
ÎÙÓÂμÎÐÎÑÒÎÓÔÕÖ
¦§¦ ¦§¦¦
6"+-"!& 78:;;8 78:;;8 Z8#48269
<'(& ;=8 ;=8 >99?69
@ "$ * 7A8 7A8 B6879C452
E)@*+ B9O#6F59G69
H!3!$"$&%3'- ' ;I=8 ;I=8 J49195214#25
H!3!$"$&%3'*"!$! ;KIK8 ;KIK8 L452678195214#25
<!& ;;I=8 ;;I=8 M7?C.
H+0"$$';N 0-)!;K;7IH!& +!"P! *)' W8W.4G25XY[X\X][.12^526#28.49.12_2COG6
6"+-"!& 3!""+0"$" QQ R-SA:;K;7 0!"0"$ 49 Z8#48269 6782# `` a4ebcX\X] 52795#687
TU3-" && H!0*" H! "VI ("$ df95D486g9.6484909h_27O9.648i[j1619CC62[
3!"! "I"0 ' "I0 !"$%& '" 9D487 4.125[.12 45C459.2 684D2 .9h59.2 9
)+"&!)$ )! *01 944jk
S &!)!&;;8 ("$3*' )!'* + 0%*" 9e XXn2992.6o2.95.687969?295X\XXe
;K;;S
)S H!*&%" !)* +'3 "!$! +!"$" Ge _26#28.COG6?r6.2#4DC986268Z8#48269
*3'% !&!'**%" &%3 ("$ + &!0- j1429.29.s\n45D45249.12.4.9C96#rOC
+ !+$"$" +)*&! ! + 6"+-"!& 1952454.1252tO6.?68.5OD28.9526.2#945
' "$&!+ 0lK8 +"3!3!"*% !&(0" .59#68768.12Z8#48269.4u2h1987298#
0!0!"0* &!&* +!"$" !0*" !3! "0%I D22.25.96852tO652D28.68945#982j6.1
+ 03!3 !-'!%0 &!)!&m8'!) %!"+% .1274o258D28.527O9.648[9829589.9569949
+ 0 +)*0 + 0&S vn4j25.198.956999.9.2#68C468.99G4o2e
w!3*+ " + 0"$$' ;K x!&!3)! ;K;;I BOG2tO28.?[ 48 22DG25 X\[ X\XX[ .12
H!& +!" P! *)' 6"+-"!& 3!""+0"$" ^526#28.49.12 _2COG6 49Z8#48269 6782#
H!0*"H!3! "0%P! *)' 6"+-"!& R-3-== 4o258D28. _27O9.648 49 .12 _2COG6 49
%*" ;K;;yTHH==:;K;;Vz0!"0"$TH!"(!&* " Z8#48269 a4e 295 X\XX d^^ cX\XXi
H!"$0*" x { +"$ H H!"$%& '"V*"0* 52795#687 .12 dF#O.D28. 49 Z84D2 09h
3!'*" !"$0*" !) " ! " ("$ _27O9.648i .4 D98972 9 4DC521286o2 98#
)!& 0 -3 !%!"& +" -"&-' +0 &!%*)*"$" 4846#9.6o2.9h9559872D28.68945#982j6.1
+!"$" QQ A:;K;7I("$ + "0"( 3!"$0* ``bcX\X][9D4874.125.474o258C468.G9G4o2[
!0!"0*" +)*0 )+ 0&( 0*y z@%30!&!)*0 j16166BO119529524j82#G?9.29.v\\
%*& + 3 ' -'!% ' "$ &!+ 0mKK %Iy z C95.62[66M91C95.?49O1194j82.198
<& "$}3& "$ % 0!&!)*0%"()-'!%3!3 ' n 49 .12 .4.94O..98#687 6O2# 98# 9O?
&%3 *"$+ =8+ !&!'**%"&%3("$ C96#1952[98#666_2tO652D28.68C468.G[698#
+ 0!3 0"+"+ &!0- !"*%Iy zw!0!"0*")*0 ) 669G4o214O#G29O962#G?.12COG6?r6.2#
&!0)*0 y z+"y z%*&+ !"*% -'!% !*&%" 4DC98629459 C2564# 499.29.482 1O8#52#
0!)*+'3 ,0* ' "$&!+ 0&!0*&+!' " 2671.?.1522928#95#9?j6.168482969?295[
*'*% 0 $% '!"+!+'3 "$,0* &0* 98#6o LO96D28.49.1252tO652D28.9.9.2#68
0%*" I +" y ~z H!3!"*%" !&(0" C468.G98#C468.6.466695295562#4O.G?.12
&!)$ 3" + 3&*+ +'3 )*0 ) &!0 )*0 COG6?r6.2#4DC9862G?OGD6..687.126552C45.
y z&3 +!"$"y z+ '*" !*&%"0!)* .4.12652.459.2282594909h2d0ie
+!"$" 3!"(3 " ' -" ! + x !0-0
!"+!'H yTxHVzS
Page 260
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qz{|}~~~} z ª«®¯°±°°¯²³´²µ²¶¸´¶³¹«º´
} ||z{z | | ¸®¯«²²³º²¯¸¹µ²
z z | z q~ | ®°«µ²«°«»µ¼°®²°½¯¸«µ¯
| |~|~{} {| ±®¸®¼¸½²«¸«µ¶µ®«²
z} ¸¾¿À¯ÁÃÁÄÅÁÆÇÈÉÊËÊÇÌ
z ¡£zz ±¿ÆÁÁÌÆÁµÁ
¤}¡¥¡¦£¡§ µ ÆÁ¾¾Á ¶ ¿¾¿À¹ ÌÉ
¨¡}¡ ¡© ³Á¾¾°ÁƾÁ²ÌÁ
qq ¦ |¤¥© È«¸¸«°® ÿÁ
£¥£¡¤¥© ÿÄÁÌ Á Á¾Á ÿÁ
!"$ %&'"$(! )&*$( 556678:88;24D22992.6<2945969=2958:88e
+$,! -$*$( /&'!)$,$$ %&'(&0$( $ 1$-$+ 012>4D?98=;262<2.19.6.@6;29;2.49O969
& & !, )&"!'!, -&')0$'$+$ 1$' (&+& +!$ 52AO652D28.12526898#9??=.1296#52#O.64849
+&')&%!+1 $+$)1$ +&"$, & &'$-($ -& !'! $ .9B59.268.124D?O.9.6484945?459.2684D2.9B
+$' 2 -$*$( +&')&%!+ 1$"$ -&', +! 3$ -$*$( 945.12=2958:8898#8:8Ce
-& 3,$) "$ ! +!(+$,! 1$ 4/
E¡¡¡¡F£¥F¡F ¹Áÿà ̿¿ÀÁÀÀÁÃGÁÌ ÆÌÁ
H&(I ) " $) $ +$'$%&%$ -$*$(-& 3,$) "$ 0$ 3 0125248669.648;2.@228684D2.9B2B?2829
1 , +! 3 1& 3$ & 33! $($ +$' 2-$*$( 0$ 3 9O9.2#;=9??=687.129??69;2.9B59.2.4.12
%&'"$(!$+$)"$%$)&%&"! %&%$ -$*$(-& 3,$) "$ 684D2;29452684D2.9B2B?28298#.12684D2
1$ %&%$ -$*$(-& 3,$) "$ J &+IK)&-&'+ 0$ 3 .9B 2B?282 N 82.14@8 68 .12 4846#9.2#
+&'L$ +! 1$"$ "$-I'$ "$%$'!3 1$ -& 3,$) "$ .9.2D28.49?5496.45498#4.1254D?521286<2
(I -'&,& ) 2"$ (I )I" 1$) $ $1$"$, )&%$3$ 684D269944@P
%&' (!+M
z ¡£z
}Q
ÁÌƵÁ¯ÁÃÁÄÅÁÆÇÈÉ
£¥£¡ ÿÄÁÅÁÀ¿ÆÁ ÿÄÁÌ Á Á¾Á
£E¡ ÁÆÿ¾¿ ÌÁ¾ÌÁÄÁ¿À Æ¿À
£¡E£¡F¡ ¿Æ¿¾¾Ì¿ÁÆÃ¿Ä ÆÁÁ¾GÁ
EE¡¡ RSRT USR ÿÄÁ
V&%$ -$*$(-& 3,$) "$ )&)!$ 1& 3$ Z84D2.9B2B?282;92#48.12
+$' 2-$*$(0$ 3%&'"$(! 4/W/WXX /Y[ /X\X 9??69;2.9B59.2
& 3$'!,-$*$(-& 3,$) "$ $+$)M Z84D2.9B2992.49P
V&%$ 0$ 3+ 1$(1$-$+1 (!'$ 3($ [[Y/Y4 Y[4/Y ]48N#2#O.6;22B?282
& 3,$) "$ 0$ 3+&"$,1 (& $($ Z84D29529#=O;2̀.2#.4
-$*$(2 $" ^ / XY_ ^ Y4/YX_ 9689.9B
H!3 2 )($"0$ 3+ 1$(1 $(! 1$ a8524786b2#.9B42955=
-& 3,$-!)$ '!3 2 )($" J [/Y 945@95#98#@56.2N4994996942
& 0&)!$ $ $+$)-$*$(+$ 33!,$ c#Ò.D28.6852?2.49#292552#
+$,! )&%&"! 0$ WX/[ \ 4Y\/W 684D2.9B49.12?5645?2564#
09B9#Ò.D28.6852?2.49
& 0&)!$ $ -$*$($+$)-&' I1&"$"! Y4/\[ \/YX\ ?5645?2564#
q¥q¡d|E ÿÄÁ«Ì µ Á¾Ág®Á ÁÆ
££E¡ ¼¿¾¿ ÌÁ²ÌÁÄÁ¿À
q¡E£¡F ªÆ¿À¿Æ½¿¾¾Ì°ÁÆ
¡EE¡¡ TSR SfS ¼¿Ä ÆÁÁ¾GÁÿÄÁ
&'!)$,$$ & 0$ -$ ($ -$*$( +$,! $ $+$) 012>4D?98=O;D6.6..9B52.O5848.12;9649
1$)$' -&', +! 3$ )& 1 ' ^h29N92D28.i_/ 29N92D28.eZ8 945#982 @6.1 .12 9.2.
j&)!$ 1& 3$ -&'!%$,$ +&'$(, ' $+$) 9D28#D28. 49 .12 s28259 09B9.648 98#
k 1$ 3J! 1$ 3l&+& +!$ k ! 1$ m$+$n$'$ 5542#O59 t9@ @161 ;29D2 2992.6<2 48
&'-$*$($ 0$ 3 %&'"$(! !"$ +$ 33$" u98O95=vw8::xw.12 09By9962D9=9245
o$ !$' WKl$ +I'$*$(1$-$+ & &+$-($ 9D28#.9B2@6.1686=295954D .12#9.2.12.9B
$+$! & 3!%$,%&)$' 0$(&r$* %$ -$*$(1$"$ ;24D2?9=9;2e
%$+$) r$(+! +$,! )&*$(+$ 33$"+&',!+$ 3 0$
-$*$(/
Page 261
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
mnopqrsrrqtuvtwtxyvxuzn{v ¡¢£¤¥¤¤£¦§¨¦©¦ª¬¨ª§®¨
qypwpnonytypyvp|y ¬¢£¡¦¦§®¦¡£¡¬¡©¦
}ynynypynyt~ymrzyp ¢¤©¦¤¯©°¤¢¦¤±¡£¬©£
vwuypypvrptr~oqytoyp ¥¡¢¬¢°¡¬±¦¬©ª©¢¦
n q ¬²³´£µ·µ¸¹µº»¼½¾¿¾»À
un{nn ¥³ºµµÀºµ©µ
qz © ºµ²²µ ª ³²³´ À½
vq~ §µ²²¤µº²µ¦Àµ
mwzmyyvyp ¼¬¬¡¤¢ ·³µ
m £µ´µººµÀ µ²
! " $ % & ! & ' () &*"+ 012#292552#.922992.49.2D345954#69925282
& , "+ %+* '- ,) /-'% ,0 " ) , ! 52.6228.12754O384DD256998#.9252345.687
'( -( -%&1 95299446:
q ; q;
£µ·µ¸¹µº»¼½¾¿¾» £µ·µ¸¹µº»¼½¾¿¾¾
y £µ´µººµÀ À²²µ²
<- (-,-& '-*( , % $ % = > ?@AB C?B@E F69566.629452D34422528296.
G -/-'% ,= ) " &)-%+*" ' '-% A@AH I@BC 092429554945695#
=' - -, -> $ - '& * % @BEH ? J965K9O29#LO.D28.48968986968.5OD28.
N48O98#526764O146#94946982
=-'-! (+ ') & $ ! - = A@IA C@IM 354K6648
=-'-! & '% - " -, - P46982945#268268K9O249
" ')- AE@ABA AA@HMC 68K28.4562
< ( & " ' ! = (,*)- ,-' '- AA@IM @A? Q85296R2#68.254D398435496.
=-'-! & '% - % )-&%'"%& '- AI@AI A@CB P469829452232.2#52#6.42
S'&&& ") & * " %( TACE@HI?U TAIH@CABU J622#92.98#398.9.648
< - V, - C@E? BE@HB W.125
pX Y[Y \]YY ¢µ
~ £µ´µººµÀ À¹ µ²
<- (-,-& '-*( , % $ % = > AEC@E?H MMB@CC F69566.629452D34422528296.
G -/-'% ,= ) " &)-%+*" ' '-% MH@EI E@MI? 092429554945695#
N48O98#526764O146#94946982
=-'-! (+ ') & $ ! - = M@EIH HC@AIC 354K6648
< ( & " ' ! = (,*)- ,-' '- E@?E BE@CHA Q85296R2#68.254D398435496.
=-'-! & '% - " -, - P46982945#268268K9O249
" ')- AE@CE IH@MMA 68K28.4562
=' - -, -> $ - '& * % BE@H ?C@? J965K9O29#LO.D28.48968986968.5OD28.
=-'-! & '% - % )-&%'"%& '- ?@IA? ?@B P469829452232.2#52#6.42
S'&&& ") '&(-+,+ -' T@HMA@BCBU T@IE?@HHU J622#92.98#564476992.
S'&& %( > $) THB@EAU T?H@EU Z8.98765292.
< - V, - M@BMH HH@HEH W.125
pX ^Y^\ ] ] \ ¢µ
_ &% &$ " = $- ) , * , "+ "+'-'- J453O53424935228.9.64868.124846#9.2#
% %+ '+,-) '- ` %, '-/-% '- '& & .9.2D28.499689869346.648a.1292.4569566.4
,- (-,-& '" $ %& ! &%'&- "" () 96969.64849.12#292552#.922992.4929149.12
&*"+ )- & ' )-& &% ( ) ' % "+'-'- 954K2.2D345954#699252826#2.25D682#592#
" $ %& ! T '& & ,- (-,-& 'U &+ &% 48.1282.#292552#.92346.648b92.4569566.62c
'&- "" ' ! @ 32528.6.4596e
*( = )-d-) +,! f &-& ' S % = g94D28. 49 #6K6#28# 54 .12 hO56#69562
( )+*-'-,-)-) , * -%" ) ' ! #4D662# 68 Z8#48269 .4 .12 i4D3984 952
&-) %% " $ %@ 848j.92952e
k $* 0 "( " ) " &( !> '&" $ % 012754O38D98972D28.649.124368648.19..12
& ! & '( &)- & ') " &)-" ,-!% *, ,- 954K2#292552#.9292.98529O4524K252#
" ! '-, % " $ %)-* ' = % ) & @ .154O719O.O52.92952684D2e
Page 262
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
opqrstuttsvwxvyvz{xzw|p}x ¡£¤¥¦§¦¦¥¨©ª¨«¨¬®ª¬©¯¡°ª
s{ryrpqp{v{r{xr~{ ®¤¥£¡¨¨©°¨£¥£®¯£«¨
{p{p{r{p{v{ot|{r ¤¦¡«¨¡¦¡±«²¦¤¨¦³£¥®¡«¥
xyw{r{rxtrvtqs{vq{r §£¤®¤²£®³¨¡®¡«¬«¤¡¨
p s ®´µ¶¥·¹·º»·¼½¾¿ÀÁÀ½Â
wp }p p §µ¼··Â¼·«·
s| « ¼·´´· ¬ µ´µ¶¯ ¿
xs ©·´´¦·¼´·¨Â·
oy|o{{x{r ¾¡®®¡£¦¤ ¹µ·
o ¥·¶·¼¼·Â ·´ ¹µ·
p ²Âº´ ¶µ¼  ¼·¶   ´´·´´º·´
·¼Â ·Â
! " $%&%!$&' ( ' ) $&* +% "!% , ?96D945.9@529O8#AD968B954D45C459.2684D2
- "&' (' ) $&* / - +$ !,* )0'123 .9@A.4.9687ECFGFAHIF949J22DK25LFAMIML
' - % *4 5 $ ,/ "4 64 5 $ ,/ " NJ22DK25LFAMIMMPECFLMAHQMR952C5228.2#9
70'4238:-&$ &( $ / &/ & - "& C95.49S?96D 94509@ E29O8#T94O8.68 .12
(! ;< &) ( ) $&* =' - * '>" 4846#9.2#.9.2D28.499689869C46.648e
'>$&$&( ! (> $>*&- $& 2
0& U& % &) - ( / " % % $ ) $&* 012 #2.96 4996D 945 .9@ 529O8# 98# .9@
' , "&($ ' ( / "- $ "( % )! 92D28.O8#259CC29K92#48.12B29549
-&% "/&%( V W!" %X % % ' (6WX: - * ) .12.9@92D28.9529944YP
$ / &/ "&(!%7
s[ s[
¥·¹·º»·¼½¾¿ÀÁÀ½ ¥·¹·º»·¼½¾¿ÀÁÀÀ
4 3424\ ] MIML
182^8_ _\2\^^ MIMM
2^ 2\8 MIMF
248 323_ MIMI
_ ^2_33 ^2_33 MIF`
8 3\ 3\ MIFQ
pa bc cd ¡µÂ
"!$ ) ?4DC98B
- % )! + "!$ ) , !( Z8MIFIA.12?4DC98B962#99YO6..4.1209@
! % ( -&* ( % $$!" %' >* ( ?4O5.52795#687.124Kh2.6482..25954D .1209@
- "& X %>" ( % "( &% - ' ",& % i9962 945529O8# 49C9BD28.49C54C25.B.9@48
' ,/ *& ' ,/ V " ' (' ) $&* % $ 848j.9@9K2 .5989254998# 98# KO6#687 5671.
' *&) f ( < ) - g ! $ / $ " 9D4O8.687 .4 ECkQAGFI 9 .12 09@ i9962 19#
0'\821 V ' ( V %&- ( % "!% ( " 9CC54l2#.12.598925.4K29.82.K44ml9O2e
' ! &* &/!(!% * )-&$ %!!&>* )X %>"
(2
Page 263
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
jklmnopoonqrsqtquvsurwkxs ¡¢¡¡ £¤¥£¦£§©¥§¤ª«¥
nvmtmklkvqvmvsmyv © ££¤«£©ª¦£
zvkvkvmvkvq{vjowvm ¡¦£¡¬¦¡£¡®©¦
strvm|vmsomqo{lnvqlvm ¢©©®£©¦§¦£
k~~n ~ ©¯°± ²´²µ¶²·¸¹º»¼»¸½
rk~~x~~~k~~k ¢°·²²½·²¦²
n~~~~~~w~ ¦ ·²¯¯² § °¯°±ª ½º
s~n~~~{~ ¤²¯¯¡²·¯²£½²
jtwjvvsvm~~ ¹©©¡ ´°²
k~~~~~~~ ~ ~~ ½µ¯ ±°· ½ ·²± ½ ½ ½¯¯²¯¯µ²¯
~~~~ ²·½ ²½ ´°²
! "$%"& '"( )4D*98+,48.68O2#-
/ "0 1 %2"0 0 '" ! "3 4 '! " 0120)5O2#6899?4549.12)4D*98+68@ABBeC8
567' 2 3 ' "' 1 '8:; 2'< '= "4 % .19.#26648E.12 F652.459.2 G282594909H2
&2$:=(' %!/ "0 & 2"3 ";"& "2 /1 %; ,FG0-9**292#.4.12I)e
2 3 4 >76
>7 ' %! / "J ' & ; 3 ";"& " 2 /1 %; $K I)5O2#6899?4549LO#66952?62M2..25954D .12
'/ (:=6K / 4;"2"'< 3 &2/ " 1;'2" FG0 ,NP Z-e0128 .12 .9H 49962 6O2# I)Q
'3 %2 " "2 3 ' ">7' 1 '6 6D*2D28.9.6482..25e
! "/ "0 & 2"3 ";"& "2 /1 %;$K 012)4D*98+962#LO#66952?62M,NPZZ-97968..12
K 4 ( ' K 3 ' ">7$K '/ (6R /3 ; I)#26648,NPZ-eT*.4.124D*2.648#9.249.12
4 "0 " '"00 %3 "J % ;" %3< " 2 "0 " 4846#9.2#9689869.9.2D28.49.12G54O*E.12
2<" <%;4 ;" S 38 ! " ' %! / " ;/ )4D*98+ 19 5226?2# *95.69 LO#669 52?62M
1 0;" 3 ' " >7 J"0 / "0 1 %2" #26648.19.5O2#LO#66952?62M,NPZZ-6899?4549
3 /<!<" " 3 ";"& " 2 /1 %; .12)4D*98+e
$KK 4 ( ! "6
S 370 ;1; "; U756VO682G54O*
W 0;! "K % 1;! " /1 J " &2 "0! ;%" )96D 945Z84D2 09H P29O8# Y92# 48 .12
X 4 2"= /%!J"0:;%3< 2" P2*45.2#UD4O8.
~s~~
~~ ~~ k~ x~~
n\s~\ n~~~~ n~[
~~ j~~[©µ°¯ {~~w[ ©µ°¯© ²½²º
k~j~~[ n~\~[ © ·°]²¶^½ ©µ°¯½·_²° ´_²·²¯¯
¢¯´½ ²½· ©µ°ª² °·² ¡±±´² ·°±°·®°¯¯ ½²½²¯
k~~~~~
~~n [
²½·²²
²´²µ¶²·¸¹º»¼»¸
t~ v~[£¶¯½·²¯
&2 "0! ;%"Z̀84D209H2
%5aÙ5.62@b 555 c65 d6c 5a f
k~~~~~
~~n [
²½·²²
²´²µ¶²·¸¹º»¼»»
t~ v~[£¶¯½·²¯
&2 "0! ;%"Z̀84D209H2
%5aÙ5.62@b 5a ggh ggh f f
Page 264
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972[
]^_`abcbbadefdgdhifhej^kf
ai`g`^_^idi`if`li
mi^i^i`i^idni]bji` ¡
fgei`oi`fb`dbn_aid_i` ¡
^qrssqtuvawxwyzw|}~}uqr ¢£¤¥§¥¨©¥ª«¬®¯®«°
er^qrqrskw|q|qq^qrssqt^w|xwz £ª¥¥°ª¥¥
axqqrqtqyqqrjq ª¥¢¢¥ £¢£¤ °
fwqtarqqqrnqr ¥¢¢¥ª¢¥°¥
v]gj]iifi`tqrqr ¬ §£¥
qxtwyw|xqqrqqtqrqr ° °¢¢¥¢¢¨¥¢ª¥¢¢ §£¥
! "#"%&"%'()&* +)&, -756/O682054O1248.68O2$3
4)5#)6)&7")#"("+)%8)*):;)&!<"#=#)&:)&>(=6 -$$6.648909@A69/66.62ZD142$/B.1209@C9962
?)&+> 8)*):
ytq^qyzqqr
nqztqx]qq
^w|yqxkrsq
qrawrqE ytqfwzw|qqr
¨£¢£¤ ytqqrs ^w|yqxkrsq
£° ° azwzqrqrqq qrawrqE
¡°© ¥¢§F nqzqjsE ¨£¢ ¥°¥
^qr]qqE ¥ª¥¢¢° ¨£¢ °ªF¥£ §F¥ª¥¢¢
¢§° ¥°ª ¥°¥¢ ª£¤£ª¡£¢¢ °¥°¥¢
^qrqrskw|q|qq^qrssqt
uvawxwyzw|}~}uE
¥°ª¥¥§¥¨©¥ª«¬®¯®«
grqxirqG©¢°ª¥¢
8)*): = +)5#)6)&&"()"HI9O29$$2$.9@ JJJ K K L
JJ KMN KMN L
JK PJN PJN L
JN PJQQ PJQQ L
8)*):8=&!6)%"()&HZ84D209@2
8)%)('J,H-5.62R2S3 JN JT JT L
8)%)(JH-5.62SU JJ M M L
JK M M L
JN MK MK L
8)%)(JJH-5.62SS JN V V L
8)%)(JVH-5.62SW JJJ JJK JJK L
JN KT KT L
8)%)(JKH-5.62SX JJ KNT KNT L
JK PTQT PTQT L
^qrqrszw|q|qqqrssqt
uvawxwyzw|}~}}E
¥°ª¥¥¥§¥¨©¥ª«¬®¯®®
grqxirqG©¢°ª¥¢
88YHI-0 JJ TM TM L
JM TPNNV VQ TPTQM
8)*):8=&!6)%"()&HZ84D209@2
8)%)('J,H-5.62R2S3 JM VK VK L
8)%)(JH-5.62SU JM MMT MMT L
8)%)(JJH-5.62SS JN Q Q L
JM N N L
8)%)(JVH-5.62SW JM PTM PTM L
8)%)(JKH-5.62SX JM PMV MPNKV JPTN
Page 265
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q|~ | ®°±²³´³³²µ¶·µ¸µ¹»·¹¶¼®½·
|~| »±²°®µµ¶½µ°²°»¼°̧µ
|||q ±³®¸µ®³®¾¸¿³±µ³À°²»®¸²
~~ ´°±»±¿°»Àµ®»®¸¹¸±®µ
| »ÁÂòÄÆÄÇÈÄÉÊËÌÍÎÍÊÏ
¡|¢ £¡¢¤¦|| ´ÂÉÄÄÏÉĸÄ
§¤¤̈¡© ¦¤¢ª ¸ ÉÄÁÁÄ ¹ ÂÁÂü ÏÌ
« ¤¤£¡¤¬ ¶ÄÁÁ³ÄÉÁĵÏÄ
qq© §¨¬ Ë®»»®°³± ÆÂÄ
¤¦¤¡¦¨¡§¨¬ ®Ï ÏÁÁÄÁÁÇÄÁÉÄÁÁ ÆÂÄ
! "#"%&"%'()&* +)&, -756/O682054O1248.68O2$3
4)#)56&)7)*)8 09:9/2Z84D2
© ¢£ © ¢¢
|¢ q¨¡; ¤¦<¡; © ¢£¤¡<¡¤; <¡¤;
´ÁÆÏ ÄÏÉ »ÇÂ¼Ä ÂÉÄ »ÇÂÂÿÂÉÉÄÆÂÁ »ÇÂÏÁ¿ÂÉÉÄÆÄ
|¢ £¡¢¤¦
;
ÄÏÉÄIJÄÆÄÇÈÄÉÊËÌÍÎÍÊ
¤¡;µÈÁÏÉÄÁ
4)#)86&) )*)8=09:9/2684D2 >>> >?@AB CE? >?FA?
>> G ?A@> ?A@>
>C ? @AE @A??
|¢ £¡¢¤¦
;
ÄÏÉÄIJÄÆÄÇÈÄÉÊËÌÍÎÍÍ
¤¡;µÈÁÏÉÄÁ
4)#)86&) )*)8=09:9/2684D2 >F AEAE>> E@A?> AE?@AB@?
H)%"( 6I6 "8%))& J)& K57 L)&! J"86( ) 8)& 012.9:92D28.52O.98$.9:$266482..25
5)&+M 7)*)8 &+ 8 +)N & L)&! #6 )8N" )J) 6O2$ /R .12 09: S9962 945.12 R295 28$2$
+)&!!)(EP6%6I#6 >>EJ)&+)N  )8N" )J) T22D/25UVWXYXU98$R29528$2$T22D/25UVW
+)&!!)(EP6%6I#6 >>>)J)()N%6#)!)"#6 "8 +Q XYXX9529944[\
4K]7 ^_Z̀
5 )&!a)L) 7)*)8>@ XYVb09:c8$2519RD28.
7)J) # ()& d)& ) ">>f4K]7 I6&6 "I) K )+ Z8k98O95RXYXVW^_Z̀ 5226l2$09:c8$2519RD28.
56+6+) )&7)*)85 )&!a)L) 'K575a,J) "5)&+M T26648 ^2..252_O59.m2.2.9198 `9n9omO5987
7)*)8 +6 8)"+ 77N #)J)& +)N & g"%8)( >@A r9R9545_m`mr3954D.1209:S9962125.968687.4
76&!N)%"()&86&) )*)84K]7L)&!J"() M 8)& &+ 8 451459.2 684D2 .9: 945969R295XYVbe012
+)N & )*)8>@ %6#6%) h A@ACJ"8M 68%" 52145.2$.9:9/2684D249^_Z̀945969R295XYVb
I6&*)J" %6#6%) h A@AF> %6N"&!!) 4K]7 9D4O8.687 .4 s1VWYVbWVVt [9 4552.2$ .4
I6&*)J"8 )&! #)L) )*)8 6&!N)%"()& #)J)& s1VWYubWYvXW 98$ 945$687R ^_Z̀ O8$25196$
+6 I)% 8 J6&J) # &!) %6#6%) h A?BA4K]7 451459.2 684D2 .9: [6.1 .4.9O8$2519RD28.
I6&6 "I) 86 + %)& )+)% 8 )&! #)L) )*)8 68O$687 .12 529.2$ 1289.R 9D4O8.687 .4
%6#6%) h B?B&)I &I6&!)* 8)&86#6 )+)&)+)% s1VVWwxVe ^_Z̀ 921.2$ .12 92D28.
8 )&!#)L) %6#6%) h A@EE )J)# ()& "( 9D4O8.687.4s1xwx/O.962$984/n2.64848.12
>> %6+6()N %6#6( I&L) I6()8 8)& 6( &)%)& 92D28.945.9: O8$2519RD28.9D4O8.687 .4
6& N %6% )" 6 )+ )& )*)8 L)&! #6 ()8 A s1VYWbUU68-156XYXV99.25D9$29O19RD28.68
56I J")& )J) # ()& "( >>>f P" 68+M )+ 945$982 [6.1 .12 2:6.687 .9: 527O9.648e
d6&J6 )( 7)*)8 'iPd7j, I6&L6+ * " %6#)!")& _O/2yO28.R68-156XYXXWT652.459.202825949
86#6 )+)& 4K]7A4K]7 I6&6 "I) 6%+"+ %" )*)8 09:22zT00{36O2$ .9:$26648 2..25 [161
%6#6%) h A@f %6+6()N I6I 6 N"+ &!8)& 921.2$ 195.49.12 4/n2.648 954D ^_Z̀e^_Z̀
8MI 6&%)%" +)&! )*)8 %6#6%) h FAK"%)&L) 5226l2$529O8$6882.9D4O8.49s1VYWYub99.25
%6#6%) h F J"#6#)&8)& )J) )8 & ia6#)& 4D1289.687 [6.1 .9: 19R9/2 49 s1ve 012
7)*)876&!N)%"()&jJ)()I () M )& ()#) !"J)& 52D968687 9D4O8. 49 s1uvY [9 19572$ .4
6&!N)%"()&8MI 6N6&%"g()"&8M&%M("J)%")&A zZ84D209:}:1282{94O8.68.124846$9.2$
.9.2D28.4915496.45498$4.1254D1521286l2
684D2e
Page 266
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qtuvwxyxxwz{|z}z~|~{t| ¤¥§¨©ª«ªª©¬®¬¯¬°²®°³¥´®
wv}vtutzv|v ²¨©§¥¬¬´¬§©§²³§¯¬
ttvtzqxv ¨ª¥¯¬¥ª¥µ¯¶ª¨¬ª·§©²¥¯©
|}{v v|xvzxuwzuv «§¨²¨¶§²·¬¥²¥¯°¯¨¥¬
tw ²¸¹º©»½»¾¿»ÀÁÂÃÄÅÄÁÆ
{ttt «¹À»»ÆÀ»¯»
w ¡ ¯ À»¸¸» ° ¹¸¹º³ ÆÃ
|¢w£ »¸¸ª»À¸»¬Æ»
q}q |v£ Â¥²²¥§ª¨ ½¹»
£ ¥Æ Ƹ¸»¸¸¾»¸À»¸¸ ½¹»
Z
!"#%&'(%)%# %*%+,-%&,/ 012398$012409568$25798D28.
%-%:";%&<%#=>,,? @=&=#A@% B! !( Z8V9510101W Z 5226X2$Y[ [\954D.12095
-%#A!%&>C# %*%+>=#+%A> E@%F%G=F=@:=#, ]9962725.968687.4^_0945.1272564$49`22Da25
-=&'%& >C>%;+=+"#%&'%& >=#@%F"+-=&-% :"&'% 0123 b6.1 .4.9O8$25798D28. 68O$687 529.2$
F=:=F%#HIJK,JK %-% :";%& )%&' F%@%? 7289.89D4O8.687.4c7dW01deZ8.129D2D48.1W
*"'% @=&=#A@% B! !( >=#+%A> L :%-%& >%L"& Z 945226X2$Y[ [\725.968687.4457459.2
MAF+%;,KH"'AMAF+%; )%&'-A;%IC#+%&"&>"+ 684D2.9594596982950123e01252745.2$.95
>%L"& I%*%+ , F=:=F%# HINPKQRQ -A+C#=+FA 4 49 Z 94596982950123 9D4O8.687 .4
@=&*%-AI=&'L%FA;%&+=&%I%*%+F=:=F%#HIPKQPN c7fgWhihb94552.2$.4a24D2.959a2684D2
F=LA&''% @=&*%-A +"#%&' :%)%# I%*%+ 9D4O8.687 .4 c7g3WhgfW98$ 945$6878 Z
I=&'L%FA;%&:%-%&>=#@%F"+-=&-%:"&'%F=:=F%# O8$25796$ 457459.2 684D2 .95 b6.1 .4.9
HIPK/J,K %-%>%&''%;,<=A,,? >=;%L O8$25798D28. 68O$687 .12 529.2$ 7289.8
@=&'%*"+%& +=:=#%>%& %>%FB! E -%& L 9D4O8.687.4c72gW4d0e]8V9803W0101W Z
:%-%& >=#F=:"> += GS ? F=>=;%L F=:=;"@&)% 962$ 98 4aj2.648.4 `k0 48 .12 96$ ^_0 98$
@=@:%)%#F=;"#"L +"#%&' :%)%#I%*%+ >=#F=:">K 457459.2684D2.9592D28.W99.252..6879
%-% :";%& TI#A;,,?GS @=&=#:A>+%& F"#%> 49.12O8$25798D28.eZ8_7560102W`l 6O2$.95
+=I">"F%&I%*%+)%&'@=&C;%+F=;"#"L+=:=#%>%& $266482..25b16152j2.2$949.124aj2.648
)%&'+=@"-A%&I%-%:";%&S";A,,? 954D Z 98$Oa2mO28.868lO80102W Z
@=&'%*"+%& :%&-A&' %>%F +=I">"F%& +=:=#%>%& 962$ 989772948.1296$4aj2.648.40ne]8
>=#F=:">+= K %-%>%&''%;ECU=@:=#,,,? o4X2Da2521W0100W.120n6O2$0nr`26648
@=&=#:A>+%& ">"F%& )%&' @=&)=>"*"A s2..25b161927.2$949.124aj2.648954D
F=;"#"L:%&-A&' KB=;"#"L#=F>A>"FAI%*%+>=;%L Ze Z 19 5226X2$ .12 .95 529O8$ 68 9O
-A>=#A@% I%-%:";%&G=F=@:=#,,,K 9D4O8.68`22Da250100e
%-% :";%& G=F=@:=# ,J? @=&=#A@% Z8`22Da25012dW Z 5226X2$Y[ [\954D.12
B! !( -%#A !%&>C# %*%+ >=#+%A> E @%F% 095 ]9962 725.968687 .4 ^_0 945.12 72564$ 49
G=F=@:=#,/-=&'%&>C>%;+=+"#%&'%&>=#@%F"+ `22Da250124b6.1.4.9O8$25798D28.68O$687
-=&-% :"&'% F=:=F%#HI/KPK @=&=#A@% 529.2$ 7289.8 9D4O8.687 .4 c74W32ge Z
+=I">"F%&%>%F+"#%&':%)%#I%*%+F=:=F%#HIQ 927.2$.1292D28.9D4O8.687.4c72h2aO.
&%@"&@=&'%*"+%&+=:=#%>%&%>%F+"#%&' :%)%# 962$ 98 4aj2.648 48 .12 92D28.945 .95
F=:=F%#HI/KNN,I%-%:";%&<%#=>,,?F=>=;%L O8$25798D28.9D4O8.687 .4 c74Wff0 68 V951
F=:=;"@&)%@=@:%)%#F=;"#"L+"#%&':%)%#I%*%+ 0101W99.252..687 949.12 O8$25798D28.eZ8
>=#F=:">K %-%:";%&<%#=>,,?GS @=&=#:A>+%& V9510102W`l 6O2$.95$266482..25b161
F"#%> +=I">"F%& I%*%+ )%&' @=&C;%+ F=;"#"L 52j2.2$ 9 49 .12 4aj2.648 954D Ze
+=:=#%>%& K %-%>%&''%;Q<=A,,? ]8V982hW0102W Z 962$9897729.40n48.12
@=&'%*"+%& :%&-A&' %>%F +=I">"F%& +=:=#%>%& 96$^_04aj2.648e]8o4X2Da2521W0100W.12
>=#F=:">+= K %-%>%&''%;ECU=@:=#,,,? 0n6O2$0nr`26648s2..25b161927.2$9
@=&=#:A>+%& ">"F%& )%&' @=&)=>"*"A 49.124aj2.648954D Ze Z 195226X2$.12
F=;"#"L:%&-A&' KB=;"#"L#=F>A>"FAI%*%+>=;%L .95529O8$689O9D4O8.68`22Da250100e
-A>=#A@% I%-%:";%&G=F=@:=#,,,K
Page 267
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qwxyz{|{{z}~}}~w §¨ª«¬®¬¯°±¯²¯³µ±³°¶¨·±
zyywxw}yy µ«¬ª̈¯¯°·¯ª¬ªµ¶ª²¯
wwyw}q{y «¨²¯¨¨¸²¹«¯ºª¬µ¨²¬
~yy{y}{xz}xy ®ª«µ«¹ªµº¯¨µ¨²³²«¨¯
wz µ»¼½¬¾À¾Á¾ÃÄÅÆÇÈÇÄÉ
~w ww ®¼Ã¾¾Éþ²¾
¡z¢£ ¤ ² þ»»¾ ³ ¼»¼½¶ ÉÆ
¥z¦ °¾»»¾Ã»¾¯É¾
qq£y¡¢¦ Ũµµ¨ª« À¼¾
¢¡¢¦ ¨É É»»¾»»Á¾»Ã¾»À¼¾
!" #%!&' ()&*) () )# +48OD25,598$2$-54$O./54O0
1)23(3435 &667"3&6668:;* "3&<&4=43' IO5687 JKJL 98$ JKJJM Z+,- 98$ 25.968
>&3#:;* 4) 4)&4 ()&) =(3 1% %*"3&1 34 NOP6$69562 5226Q2$ NR-R, 98$ 09S
%)4)43 3& 3?3#@)A=5*3B3 C1% @*E"3 =%3&4! TQ2509UD28.I26648 V2..25 WNO59.R2.2.9098
3?3#F*) =# 43"32351% %*"3&1% @*'=G&=H=#3& -9X9YV2P61 ,9U9545NR-V,[NR-V,954D 09S
B3&G"=4) =(3!2)5 ) '3533&"3&<&4=43'>&3# T9962e012944\687952.1267869698.NR-R,98$
4) 4)&4 4) ')A 4F NR-V,\161\2525226Q2$PU.12+4D098U98$
6.25.968NOP6$69562e
3"3 A 23& 1) 4)(A) 6]8 :^^ C')#3 3&G Z8N20.2DP25JKKhMZii WO5528.U48249Z+,-j
() 3#3&'3235'34 "=_='="3 =:;* E()&) =(3 $6Q6648[5226Q2$.9S92D28.2..25954D .12
1% "3 =%3&4! 3?3#')5 A &G3&")&G3&# 3&G 09S T9962 025.968687 .4 kl0 O8$2509UD28.945
A3B3 ` &4 # ) =!") 3?3#a#4!A) '3( 3= 96902564$T.4P25.4I22DP25JKKm68O$687
b)')(A) 6c 4) (3' # ")&"3 "3& A &G3 .12 529.2$ 0289.U 98$ 68.252. .4.9687 .4
')A)'3 d fF]6F :;* 4)235 ()(A3B3 n0orMohJeZ+,-096$.1296$O8$2509UD28.PO.
#)# 3&G3& 3?3# 4) ')A 4 4)43 = 4="3# ')4 ? $6$84.97522\6.1.1292D28.98$48.2.2$
")&G3& 53'=2 )() =#'33& 4) ')A 4 "3& .12 96$ .9S 92D28..4 .12 09S T9962eZ8
()&G3? #3& #)A) 343& 343' ' 34 #) 4 '3& T.4P25JKoKM.1209ST996252X2.2$D4.49.12
4) ')A 4#)%3&4! 3?3#F 3"3A 23&a#4!A) 68 9D4O8.48.2.2$PUZ+,-PO.97522$.452$O2.12
%3&4! 3?3#()&!23#')A3G=3& A)'3 #)A) 343& O8$2509UD28..4 n0omMsoLeNOP2tO28.UMZ+,-
B3&G "=3? #3& !2)5 :;* "3& ()&B)4 ? = &4 # 962$9890029.4.120+e
()&G 3&G= #)# 3&G3& )(A3B3 3& 3?3#
4) ')A 4 ()&?3"=d cFg7F 1)4)235 =4 8 :;*
()&G3? #3&A3&"=&G#) F
3"3 A 23& b)')(A) 68 ()( 4 '#3& Z8I22DP25JKooM.120+5O2$M.154O71L496.
A35u3')A)'3 d cF7]8B3&G4) A3G=()&?3"=7 $26648M.19.n0omMLho 19$ .4 P2 529O8$2$ .4
4 '3& 853 ' "=#)(A32=#3& #) 3"3 :;* F Z+,-e0154O716.2..25$9.2$i9ULoMJKoJM.120+
^)232 =' 34&B3 4) 43&GG327 ^)=668 68945D2$Z+,-49.1290069.64894552Q62\98$.12
()(A) =435 #3& #) 3"3 :;* ()&G)&3= OPD6648 49D2D4598$OD 94552Q62\ PU .12
) (!5!&3& )&=&?3 3&#)(A32="3& )&B3( 3=3& I652.459.2/282594909S2.154O716.2..25$9.2$
()(! = )&=&?3 3&#)(A32=!2)5b= )#4 v)&") 32 l056JmMJKoJ.4.12NO052D2+4O5.e
3?3#343'7 4 '3& 4) ')A 4()232 =' 34&B3
43&GG326c> =266#) 3"3^35#3(35>G &GF
Page 268
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qtuvwxyxxwz{|z}z~|~{t| ¤¥§¨©ª«ªª©¬®¬¯¬°²®°³¥´®
wv}vtutzv|v ²¨©§¥¬¬´¬§©§²³§¯¬
ttvtzqxv ¨ª¥¯¬¥ª¥µ¯¶ª¨¬ª·§©²¥¯©
|}{v v|xvzxuwzuv «§¨²¨¶§²·¬¥²¥¯°¯¨¥¬
tw ²¸¹º©»½»¾¿»ÀÁÂÃÄÅÄÁÆ
{ttt «¹À»»ÆÀ»¯»
w ¡ ¯ À»¸¸» ° ¹¸¹º³ ÆÃ
|¢w£ »¸¸ª»À¸»¬Æ»
q}q |v£ Â¥²²¥§ª¨ ½¹»
£ ¥Æ Ƹ¸»¸¸¾»¸À»¸½¹»
!" #%!&' ()&*) () )#+,-&/ 0-&1 248OD253598$2$454$O.554O6748.68O2$8
%)( ":-& -"- ; ,-& < &: ==> ?@* 0128M 68 NO82 PQRPM Z234 962$ 9 4O8.25
()&A-( -:#-&#!&0 -()(! : )&:&/- -&#)(;-,: D2D4598$OD 94552S62T .4 .12 UO652D2 24O5.e
#) -"- B-C#-(-C EF &FG H- : ) (!C!&-& V54D.1296669.64894552S62T48W49.1296$02X
)&:&/- -&#)(;-,:-0-'I 0 '-& 0) '); 0>=": $26648MP4O.496.9D4O8.687.4Y6RMRQWMT9
-&0- -&A-')&:,-:J GI>":0!,-#!,)CB-#-(-C 52[2.2$ \] .12 UO652D2 24O5.e ^6 .4 .12
EF &FG K-( -: ")&F-& 0-&FF-, )&A),)'-:-& 4D62.648 $9.2 49 4846$9.2$ 9689869
,- ! -&#) -&F-&#!&'!,:"-':-& >?@* ;), ( .9.2D28.49.12554O6MZ2341984.5226S2$9
()&) :(- 0 '-& "- :B-C#-(-C EF &F -0-' $26648954D.12UO652D224O5.48.1252.49.12
)&:&/- -& #)(;-,: &0 #'-0 0 '-& A-&F 9\4S2_D28.6482$.9`929D4O8.687.4Y6RaMPbbe
0) ':'-')&:,-:J LG=G
-"- 0-C & ==>?cB ()&) :(- K% d* "-& Z8PQPQMZVg5226S2$Uh4i398$Uh4h3529.2$
K% %*0) #-:0")&F-& )() :#'--&')( - -/-# .492D28.499.9`2945969]295PQRbM
&0 #0-C & -/-#=>A-&F()&A-0-#-& ,);:C T161 48O$2$ .4 4S2569]D28.49456459.2
;-A- -0-' C ;-"-& ');)'- J LGf=L "-& 684D2 .9` 9D4O8.687 .4 Y6RaMjPa 98$
# -&F;-A- -0-' -/-#,-:&&A-');)'- J => O8$2569]D28.494.125.9`29D4O8.687.4Y6PQb
"- : '), C ) (!C!&-& )'0:0 ': ');)'- 954D .4.9686.6996D 9D4O8.687.4Y6RaMjWaeZ8
J LGfILG -"- ; ,-& c); - :==>?cB 0),-C V2\5O95] PQPRM ZVg 19 5226S2$ .12 96$
()&) :(- #),);:C-& "-& ()(;-A- #)# -&F-& 4S2569]D28.98$696$.12O8$2569]D28.ek49
-/-#0) '); 0G -"-0-&FF-,IH)')(;) ==> l22D\25WRMPQPQMZVg1984.5226S2$.1296$
?cB ;), ( ()&) :(- #),);:C-& "-& ()(;-A- 4S2569]D28.98$ 696$ .12 O8$2569]D28.e012
#)# -&F-& -/-# 0) '); 0G< (,-C ) (!C!&-& 96$ 96654S2$ 4S2569]D28. T9 5226S2$ 48
A-&F":')0 / :0) '); 00),-C":0) :(- -"-; ,-& V2\5O95]PQPRe
c); - :==G
-"-0-C &===>?%KB ()&) :(-K% d*0) #-:0 Z8PQPPMZhUg5226S2$Uh4i3529.2$.46.96D
")&F-& )'0:0 ': C ;-"-& &0 # 0-C & -/-# 945456459.2684D2.9`529O8$945969]295PQPQe
==G%-&0! -/-#()&A)0 / : &0 #() )'0:0 ': 01209`n996297522$.4529O8$.12T14296D
'), C ) (!C!&-& )'0:0 ':');)'- J ImIG 9D4O8.687.4Y6WoWe
-"-0-C &==I>?%KB ()&) :(-K% d*0) #-:0 Z8PQPWMZhUg5226S2$Uh4i3529.2$.46.96D
")&F-& )'0:0 ': C ;-"-& &0 # 0-C & -/-# 945456459.2684D2.9`529O8$945969]295PQPRe
==G%-&0! -/-#()&A)0 / : &0 #() )'0:0 ': 012 09` n9962 97522$ .4 529O8$ .12 96D
) (!C!&-& )'0:0 ':');)'- J =L"- :/ (,-C 9D4O8.687.4 Y6Pab 4O.49Y6Pos49.12 T142
#)'), C-& ) (!C!&-&');)'- J =mrG< (,-C 96De 012 96$ 96654S2$ 4S2569]D28. T9
) (!C!&-&A-&F":')0 / :0) '); 00),-C":0) :(- 5226S2$68PQPWe
-"-0-C &==IG
Page 269
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
klmnopqpporstrurvwtvsxlyt ¡¢£¢¢¡¤¥¦¤§¤¨ª¦¨¥«¬¦
ownunlmlwrwnwtnzw ª ¡¤¤¥¬¤¡ª«§¤
{wlwlwnwlwr|wkpxwn ¢§¤¢§®¢ ¤¢¯¡ª§¡
tuswn}wntpnrp|mowrmwn £ª ®ª¯¤ª§¨§ ¤
lo ª°±²¡³µ³¶·³¸¹º»¼½¼¹¾
sly ll £±¸³³¾¸³§³
ox § ¸³°°³ ¨ ±°±²« ¾»
t o| ¥³°°¢³¸°³¤¾³
slwn}wn}twkwnwn} º¯¢ §«¨¡§¬¤
!" $ 9e %98&'498
!( $) !$ * ) !+,-/* $ 0 123 '487=.25D >98&49852?5228.4O..98#687
*4) + 5 4 0 6 $ 7 ! 24*,-31,8 2 -4 >4554@68749AO>6#695624>.9682#954D49
( $13$ 12 04!2 1,+( ! $,/ ! : 98# 9452678 >98& 98# 968986968.6.O.648B
2, ! -4;4 0,( ! 4(,-4$/ < @6.1#2.969944@C
Eª¶±° k
o E o E E«³ ¾F¶³°
¡³µ³¶·³¸¹º»¼½¼¹ ¡³µ³¶·³¸¹º»¼½¼¼ ¾¶±¼½¼¹
oxE« ¾
GHI"J4 ! K K LMK N
"G6 M KPQ RKQ P RKM KPR L PS TRN
"JH K LK N
"UVJ P P W
I4X/83 P P W
I 24-4 M M W
I Y[ W MT RQK LMT RQKN
V,-+ MR MR LPP N
I 7( $ SK SK LQR N
\/(W 3 1 K KTQ RKQ T K SP LP P KKKN
ovsw{]E
£±¸³^µ¸¸³µ³° ±³¹_
GHI"" $",-8 2 MSS QQP P PM LTP KPN
GHI"J4 ! W W LMP MN
\I"G W TK RT LKRQ TPN
`"\[ QQ MRS MM PT LP PMTN
I4X/83 R MSR Q KM LRK KTKN
\/(W 3 1 KM PK PPK R LQ TQQN
U3 1 T RR TM Q RSK PS LS M MPMN
a4$/- !4(4 7 - 0 $04 !!/8
0/ !( $b'2#292552#
.5989.6484.48>98&498 LP QTN LM KMMN
J, 3bc2. T RS PTT Q RPM QRM
a4$/- !4( !4 7 !) /8 ,+*32 1 +
d $ /0 / 8/ b'2O5528.D9.O56.62 LM MK QKQN L TMQ KN
yE
¯±^³¸¶ ±¸± fghi igh
Page 270
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| º»½¾¿ÀÁÀÀ¿ÂÃÄÂÅÂÆÈÄÆÃÉ»ÊÄ
|| Ⱦ¿½»ÂÂÃʽ¿½ÈɽÅÂ
|||q ¾À»Å»À»ËÅÌÀ¾ÂÀͽ¿È»Å¿
Á½¾È¾Ì½ÈÍ»ȻÅÆž»Â
| ¡¢£¤£¥¦£¨©ª©¡« ÈÎÏпÑÓÑÔÕÑÖ×ØÙÚÛÚ×Ü
¬®|¯°£¨®¯±̈³«| |£¨¤£¦¬ ÁÏÖÑÑÜÖÑÅÑ
´±¤µ±®«¥¶¬³±¯· Å ÖÑÎÎÑ Æ ÏÎÏÐÉ ÜÙ
£¸±±°¬®±¹ ÃÑÎÎÀÑÖÎÑÂÜÑ
¢|¶q¶´µ¬¹ ØÍÀ¾»ÅÉÆ¿Åʻ ÓÏÑ
! "$% &' ( 9e )98*+498,48.68O2#-
/0 10 %& '2 3456 7 &40 012#2.9649D9.O56.6298#49.259529.2#
832':' 73 ;80%0 8 ' : " A6.1 487B.25D C98* 498 9 49
& " 5 & 57 % E22DC25FGHIJIF9529944AK
<=3834:3>??<7%283: 0:3>0"' @
¶¥ ¯®¤±¥¥
¤±±¬¤q±µ¥M
ÆÜ ÔÔÌÖÑ
¶¬¯|£¥³LMÆÜÖÑÎ ¶¥±MÌÏ ÜÑÖÜ ÁÜÓ ÑÎÍÔ
¥³±¯M½É Ü
Q>3 ??STU5>0%??VT7
Q30??WX
Y951IJI[H\]56IJI^H98#
NPQ!R0 Y9_IJI` a 5&40 Xb82O52#
a 5&40 T"31'%0' '"8%7650 &4 j
70:3>0" "357ack70&40 73 &40 "6>56>80
7>0PN!kl7 j 70:3>0" "357mcTc!RTQcUT
QkPTQPckTnQcTokPk7 rkP70&40 73 &40
"6>56>807>0cPQk83:38>"35340%0" 7%43 0 8
"Xb82O52#H2s2].9454O..98#6874984C.9682#C_
!3>: 0 %57:'% 0gtA16162O52#C_45]459.27O9598.22954DZu)tv
c35 34:3>??W7 :'% U '8 '8 98#4C.9682#C_wgHg)xHYg\HYtZHYZgtTyYgTztZt
??dXf9564O#9.248g2].2DC25 98#+tZA16162O52#C_45]459.27O9598.22954D
IJI`98#h9564O#9.248 gZYt68]54]45.648.46.2{O6._4A82516]68 6.
!NU \O7O.IJIi gOC6#69562 ? V<W dVW
=3834:3>??S7 Q30??WX
!RP E22DC25IJI[98#Y9_IJI` a 5&40 Xb82O52# V
!akR Q30??WXY9_IJI` a 5&40 Xb82O52# <
Q0}'26 Q30??WXY9_IJI` a 5&40 Xb82O52# <
Q 70>0 U '8 '8??WX\O7O.IJI` a 5&40 Xb82O52# ?
k3>4 c35 34:3>??~ a 5&40 Xb82O52#
Qj: " Q>3 ??SXY951IJI[ a 5&40 Xb82O52# SV
¥¥¬¤±M
½ÁÏÖÑÌÖÖÑÓÑÎ
NPQ!! "!3>27 '%0??SXO_IJI[ a 5&40 Xb82O52# cm=?
40 "6>56>807>0k3>'82 83:38>"35340%0"
7%4 0 8U "u45]459.27O9598.22954Du4D]98_
!cm '>0??WX98O95_IJI` 68]54]45.648.46.2{O6._4A82516]686.gOC6#69562 c V
Q0}'26 3:>'>0??WX2C5O95_IJI` a 5&40 Xb82O52# kd~ dVd ?~W
80%0 850 &4 3>83:' 3>70>07>050 &4 01296#9966.62952486.49Z8h2.D28.498
0 38 807 50 &4 :3>& " 98#.25D498e
Page 271
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
quvwxyzyyx{|}{~{}|u} ¥¦¨©ª«¬««ª®¯°±³¯±®´¦µ¯
xw~wuvu{w}w ³©ª¨¦®µª̈³̈´°̈
uuwu{ qyw ©«¦°¦«¦¶°·«©«¸ª̈³¦°ª
}~|ww}yw{y vx{vw ¬¨©³©·³̈¸¦³¦°±°©¦
ux ³¹º»ª¼¾¼¿À¼ÁÂÃÄÅÆÅÂÇ
|uuu ¬ºÁ¼¼ÇÁ¼°¼
x¡¢ ° Á¼¹¹¼ ± º¹º»´ ÇÄ
}£x ¤ ®¼¹¹«¼Á¹¼Ç¼
|uw¡w}qw¡w¤ ø«©¦°´±ª°µ¦ ¾º¼
!"$ %& ' 9e (98)*498+48.68O2#,
-/01 / ! 0&!&2& 3& 45& 012 59872 49 988O968.252.59.2 49.12
2 !% !4 % 5$3062 /261/!& 7 4878.25D:98)49869944;<
x= x=
ª¼¾¼¿À¼ÁÂÃÄÅÆÅ ª¼¾¼¿À¼ÁÂÃÄÅÆÅÅ
| ·ÁÁ¼¾¼¹ª¼º¿ Ǻ
>&4/3 ?@ABCEF@BBC G@HIC EF@BBC JOK691
LM$1NP I@?BCEH@AC @GHC EI@H?C QRS495
T6 U64 @GACE@IFC @GAC E@IFC V9K9822W28
LM$1P/ 4&1 X@YGCEI@XGC @IGC EX@YGC R6879K452S495
q ·º[¼Ç¹
61501! 4610\1 E4610\1 5$] Q8#25 .12 .25D 49 .12 4d25687 498
461% %/ 4/ %] @^61&03 5 _ / 0 97522D28.f.12 g4DK98h 98# 6. 25.968
N ! \ 61 6 & \ ]6 %5/ 562/ &1 RO:6#695629#2:.4595252iO652#.44:.968
5/31&0! & &! ]6]461M$63 46106 &%& K5645;56..289KK54d9954D .1252#6.45;6.1
61 &$/0 0626$&] \ 51/ 41 !165/ &1 52K2..4.5989.64868d4d6879D4O8..19.
063&2& 56 1 0!0/\ ]6$62/3/ 2j22# 25.968 .15214# 97522# ;6.1 291
2 0 61 6 &\ 5/06 &%&/M$6306 /4!165/ &1 52#6.45fO19f9D4874.125f9iO66.648
06461 /@ 1 $/ ]6 `!&4@!&/0/0/5 98#68d2.D28.k9245.59892549.1265D9l45
/ a60 0/@46 %&$ &46 $/3 06 6 4 96j2#92.k#2959.64898#K9hD28.4991
& ]b46 &]&] 5 46]2 / 5/a/56 #6d6#28#k 92m.598925 49 2j6.687 1952k
!0b46 %&$ c46 $/3 03] \ 5b 1987268D9l456.h4;82516Kk1987268.12
461&23 !646]/$/! ]\M1/ 0461&03 b 4K249:O6829.6d6.62k98#52#O.64849
461&23 $/ !&4 !6 / &03b 5 9K6.9e
46 &1 ]M5$
^61&03 5 _ / 0 N !\ ]6 %5/ 012g4DK98h98#6.RO:6#695629#2:.45
562/ &1 %& 5/31&0! & &! 952 9452iO652#.4D968.968 25.968 97522#
]6]461 3 ! 10/ME10/M !6& 968986959.64e
61 6 &
}{q ·º¿ Ǿ¼¸ºÇ·º[¼Ç¹
^5 $GL606]261ABAG@^61&03 n49S22D:25orfstsof.12g4DK98h98#
5 _ / 0 N ! 61062& 6$3 ]6]6 &3/ .1296#RO:6#695624DK62#;6.1949.12
06]& 4610\1 4/ %] 5/ 0 & 9:4d2 498 4d2898. 45 4:.9682# .12
]6]461M$63;96d25062 /] 5/461$&! 82295h;96d25952iO652#e
Page 272
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| ¡|¢ ÅÆÈÉÊËÌËËÊÍÎÏÍÐÍÑÓÏÑÎÔÆÕÏ
|| £ ÓÉÊÈÆÍÍÎÕÍÈÊÈÓÔÈÐÍ
¤ | | | ¥ q¡ ÉËÆÐÍÆËÆÖÐ×ËÉÍËØÈÊÓÆÐÊ
¦ ¥ ÌÈÉÓÉ×ÈÓØÍÆÓÆÐÑÐÉÆÍ
|¨©ªª¨«¬®¯®°±®³´µ´¬¶¨© ÓÙÚÛÊÜÞÜßàÜáâãäåæåâç
©·¸¹|¨º¸©»¨©ª¢®³¨¹º¼³¾¨¶¨|¨©ªª¨«|®³¯®±¸· ÌÚáÜÜçáÜÐÜ
¿¼¯¨À¼¹¨©¶¨«¨°Á¸·¨¨©¡¸¾¼¨ºÂ Ð áÜÙÙÜ Ñ ÚÙÚÛÔ çä
®Ã¸¨«¼¼©»¨·¨¹¨©¥¨¼©Ä ÎÜÙÙËÜáÙÜÍçÜ
| ¦Á ¦ q Á ¦¿«¨©À̧·¨©Ä ãØËÉÆÐÔÑÊÐÕÆÍ ÞÚÜ
!"$%! &% 'e (48#)9*9'2
+ $%&%&& $,- /0 %% , $ 1&2 ! %23%/0 4 58989*649.12'998249.1694O8.69
94467
¬®¯®°±®³´µ´¬8 ¬®¯®°±®³´µ´´8
ÊÜÞÜßàÜáâãäåæåâ ÊÜÞÜßàÜáâãäåæåå
:%$ %:-;% $ <92=9O2
"$%! &%>-$$ 3+;23%/ ?@A B BC E@@ C @F@ GH@ IJK495(48#LMNP
"$%! &%>-$$ 3+;23%/ ?@H F EF G@@ F EAC G@@ IJK495(48#LMQP
"$%! &%>-$$ 3+;23%/ ?@A F EF G@@ F EAC G@@ IJK495(48#LMNL
"$%! &%>-$$ 3+;23%/ ?@H G GG E@@ G F E@@ IJK495(48#LMQL
R- $:%$ %:-;% $ E AFE @@@ EA G@ H@ 04.9<92=9O2
>%/03 !%,%&/- -, 2
3 & /&%S !,% !!01/ ? V2#64O8.98##292552#
&2 2$ 1,%/03 !% /0;0$ &% .5989.6484.W82.499ODO9.2#
;-3 %& &% TGC CBAU TF HGEU 9D45.6X9.648
®·Y [´´\´] [´^]^_^ ÉÜ
¼¹¸³¨©ª¼±¨ª¼¨©À̈·¸º·®°¾Y
¶¨«¨°`¨¹·¸¯¨·¸·¨º¸© a a ØÜÙÙÞááÜßçáÜÙ
¢¨ª¼¨©À̈©ª¹¨¾¨©À̈©ª [´´\´] [´^]^_^ ØÚbÜáß ÚáÚ
c % &+ / JO'6#69562
T%U"$%! &%>-$ 3+;23%/ ?@A ,2 ! i6jNeNklm IJ K495 (48# LMNP W
%!/ 0 ! AdAFCf? gh H@ @@@ @@@ IJnPoPQMoMMMoMMM
r , !! $F s0 %@dtuvr 2$ 1 8 O82 koLMLPoZ() 499252# .4 .12
;2 w 3/ /2x , x 3 %y2& -3,%$0 3 682.454O.6#2.12.2556.45*49.122O'6
w%$ S 1 z2x0$%/t,- 2&% , +;23%/ 49Z8#4826998#I86.2#J.9.2495D2569o
g23%/ d-$%! &%!$- $, $ ; ; 0 ! 74'9'48##284D689.2#68I86.2#J.9.2
,-$ 3+;23%/ g23%/ d,2 ! %$ %-;% $ K495 66.1 9 .4.9 992 9O2 49
&2$0301 S &22& 3 gh H@ @@@ @@@ IJnPoPQMoMMMoMMMeZ8 4882.64866.1 .12
g2100 ! ,2 ! x2 w 3 -$%! &% 96#'48#49925687oZ()4'.9682#959.68749
23&20 d tuvr ;2;x23-$21 x23%!/ Z#(99N98# Z#(((W954D 44#* 98#
{t,v A}, {t,vvv?}; &%!?; &%!, 3% <6.1o 522.62*o 6161 5292. Z()
~--,S& , % 1dS ! ;2 23;%/ 99'66.* .4 2..2 6. 487W.25D 56869
/2; ;x0 tuvr 0 0/ ;2;2 01% 69'66.6298#68.252.9.12*D9.O52e
$% %$% & x-/-/ , 0 ! !/
x ! S x , & 01 2;x-
"$%! &% 23&20 x ;% , / 01296#'48#o6252O82O52#98#66'2
01 2;x-@T&2x0$01U 10 , 3%&2 / #O2PMi.28j*295954D .126O982#9.2o
!! $ x2 23% d S % 0 !! $ 6e2O82koLMNPo66.1962#68.252.59.249
Fs0 %@Ad,2 ! %!/ 0 ! 2 x NeNklm25*295o9*9'2225*D48.168
&22& 3 AdAFCf x23 10 dS ! / 95529548kO8298#kK22D'2568291
,% S 3/ &2 % xG0$ &2/ $%S % 0x , *295e012.5O.2245965D989.49.122
!! $F s0 %, F >2&2;23&2 % x '48#6K(05O.22i487487jV6D6.2#o9
10 S $%+; , 3%-$%! &%%% .165#95.*e
, $ 1 >vR30& 22&T- !/- !U%;% 2,d
x%1 //2 %!
&%$30 - x2 23%; & x2 23% 012 754 5422# 954D .12
-$%! &% 23&20 ,% &&2 2$ 1,%/03 !% 9'42WD28.6482# '48# 6O982 99.25
,2 ! % S ?% S 2;%&%d,%!0 / 0 0/ #2#O.687 922496O982o69O2#.4
;2$0 &%&2 !% x% ; S ! ,% 3%/ 529* 9 45.648 49 498 6161 6252
&2100 ! ,2 ! /0%&%&%ru 66.1#5968 68 529.648.4 .12 9O66.648 49
) Ve
Page 273
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ¶·¹º»¼½¼¼»¾¿À¾Á¾ÂÄÀ¿ŷÆÀ
|| ĺ»¹·¾¾¿Æ¾¹»¹ÄŹÁ¾
|||q º¼·Á¾·¼·ÇÁȼº¾¼É¹»Ä·Á»
½¹ºÄºÈ¹Äɾ·Ä·ÁÂÁº·¾
| ¡¢¤¥¦¥§ ÄÊËÌ»ÍÏÍÐÑÍÒÓÔÕÖ×ÖÓØ
¨©ª|«©¬¤ª«¤¯§||¤¢©¨ ½ËÒÍÍØÒÍÁÍ
°±ª§¡²©¨©¯«³ Á ÒÍÊÊÍ Â ËÊËÌÅ ØÕ
´©¬¨ªµ ¿ÍÊʼÍÒÊ;ØÍ
|²q²°±©¨µ Ôɼº·ÁÅ»ÁÆ·¾ ÏËÍ
!"$%! &%'$ () * +e ,48#-9/9+2048.68O2#1
2 % &3 4'$ () * 5O+6#69562048.68O2#1
'%%*"$%! &%67$ 83:;8%4 <=>? @; ! 0661IeJIKL M5 N495 ,48# PQKR S
%!4 ) ! ABCA?E< FGH>> >>> >>> M5TUQQVQQQVQQQ
W @ !! $X Y) %=>=B[\]W ;$ ^ k8 lO82 mVPQPRVZn,- 499252# .4 .12
:; _ 84 4;` @ ` 8 %a;& 78@%$) 8 68o2.454O.6#2.12.2556.45/49.12r2sO+6
_%$ b ^ c;`)$%4[@7 ;&% @ 3:;8%4 49Z8#4826998#M86.2#5.9.249tD2569V
F;8%4 B7$%! &%!$7 $@ $ : : ) ! 74+9+48##284D689.2#68M86.2#5.9.2
@7$ 83:;8%4 F;8%4 @; ! %$ % 7:% $ #495 u6.1 9 .4.9 992 o9O2 49
&;$)8)^ b &;;& 8 FGH>> >>> >>> M5TUQQVQQQVQQQeZ8 4882.648 u6.1 .12
F;^)) ! @; ! `; _ 8 7$%! &% 96#+48#49925687VZn,-4+.9682#959.68749
;8&;) B [\]W :;:`;87$;^ `;8%!4 vZ#,99wx98# vZ#,,,Sx954D y44#/z 98#
d[@] f@ d[@]]]<f: &%!<: &%!@ 8% {6.1V52s2.6o2/Vu161 5292. Zn,-z
g77@bh& @ i% j^Bb ! :; j;8:%4 9s9+66./ .4 2..2 6. 487S.25D s5686s9
4;: :`) [\]W ) )4 :;:; )^% 69+66.6298#68.252.9.12/D9.O52e
$% %$% & `7474 @ ) ! ( !4
` ( ! b ` @ & ( )^ ;:`7
"$%! &% ;8&;) ` ( :% @ 4 01296#+48#Vu252O82O52#98#u6+2
( )^ ;:`7>' %! `)$)^* ^) @ 8%&;( 4 #O2wQ0.165./1/295954D.126O982#9.2V
!! $ `; ;8% B b % ) !! $ 6e2lO82mVPQKRVu6.1962#68.252.59.249
XY) %=>?B@; ! %!4 ) ! ; ` IeJIKLs25/295Vs9/9+22o25/UD48.168
&;;& 8 ABCA?E `;8 ^) Bb ! 4 95529548 mlO8298#mN22D+2568291
@% b 84 &; % `H)$ &;4 $%b % )` @ /295e012.5O.2245v96tD989.x49.122
!! $X Y) %@ X 6;&;:;8&; % ` +48#6N,05O.2204874871 6D6.2#V9
^) b } $%3: @ 8%7$%! &%%% .165#s95./e
@ $ ^ 6] ~8)& ;;&'7 !47 !*%:% ;@B
`%^ 44; %!
&%$8) 7 `; ;8%: & `; ;8% 012 754 s5422# 954D .12
7$%! &% ;8&;) @% &&; ;$ ^@%4)8 !% 9+4o2SD28.6482# +48# 6O982 99.25
@; ! % b <% b ;:%&%B@%!) 4 ) )4 #2#O.687 922 496O982Vu9 O2# .4
:;$) &%&; !% `%( : b ! @% 8%4 s52s9/ 9 s45.648 49 498 u161 u252
&;^)) ! @; ! 4)%&%&%W\ u6.1#59u8 68 529.648.4 .12 9O66.648 49
-n e
Page 274
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ²³µ¶·¸¹¸¸·º»¼º½º¾À¼¾»Á³Â¼
|| À¶·µ³ºº»Âºµ·µÀÁµ½º
|||q ¶¸³½º³¸³Ã½Ä¸¶º¸Åµ·À³½·
¹µ¶À¶ÄµÀź³À³½¾½¶³º
| ¡¢¡£ ÀÆÇÈ·ÉËÉÌÍÉÎÏÐÑÒÓÒÏÔ
¤¥¦|§¥¨¦§©«£||¥¤ ¹ÇÎÉÉÔÎɽÉ
¬©©¦£®¥¤¥«©§¯ ½ ÎÉÆÆÉ ¾ ÇÆÇÈÁ ÔÑ
°¥© ©¨¤¦©± »ÉÆƸÉÎÆɺÔÉ
|®q®¬¥¤± П¶³½Á¾·½Â³º ËÇÉ
!"$%! &%'$ () * +e ,48#-9/9+2048.68O2#1
2 % &3 4'$ () * 5O+6#69562048.68O2#1
'%%%*"$%! &%67$ 83:;8%4 <=>?= @; ! 06661HeIJKL M5 N495 ,48# PQHP R
%!4 ) ! ?ABC< EFG>> >>> >>> M5STQQUQQQUQQQ
V @ !! $=W"4 7;8=>=AXY[V ;$ \ i8i.4+25PjUPQPKUZk,-499252#.4.12
:; ] 84 4;^ @ ^ 8 %_;& 78@%$) 8 68l2.454O.6#2.12.2556.45/49.12m2nO+6
]%$ ` \ a;^)$%4X@7 ;&% @ 3:;8%4 49Z8#4826998#M86.2#5.9.249oD2569U
E;8%4 A7$%! &%!$7 $@ $ : : ) ! 74+9+48##284D689.2#68M86.2#5.9.2
@7$ 83:;8%4 E;8%4 @; ! %$ % 7:% $ #495 r6.1 9 .4.9 992 l9O2 49
&;$)8)\ ` &;;& 8 EFG>> >>> >>> M5STQQUQQQUQQQeZ8 4882.648 r6.1 .12
E;\)) ! @; ! ^; ] 8 7$%! &% 96#+48#49925687UZk,-4+.9682#959.68749
;8&;) A XY[V :;:^;87$;\ ^;8%!4 sZ#,99Ht98# sZ#,,,Rt954D u44#/v 98#
bX@[ ?c@ bX@[[[<c: &%!<: &%!@ 8% w6.1U 52n2.6l2/U r161 5292. .12
d77@`f& @ g% h\A` ! :; h;8:%4 k4Dn98/v9n9+66./.42..26.487R.25D
4;: :^) XY[V ) )4 :;:; )\% n5686n969+66.62 98# 68.252. 9 .12/
$% %$% & ^7474 @ ) ! ( !4 D9.O52e
^ ( ! ` ^ @ & ( )\ ;:^7
"$%! &% ;8&;) ^ ( :% @ 4 01296#+48#Ur252O82O52#98#r6+2
( )\ ;:^7>AB'&;^)$)\&; ; ! \* \) #O2KQeI0.2898#91991/295682.12
@ 8%&;( 4 !! $^; ;8% A` % ) !! $ 6O982#9.2U6e2on56PjUPQHPUr6.196}2#
=W3^8%$=>?=A@; ! %!4 ) ! ; ^ 68.252.59.2 49HeIJKL n25/295Un9/9+2
&;;& 8?ABC ^;8 \) A` ! 4 2l25/TD48.16895529548Pjon5698#
@% ` 84 &; % ^G)$ &;4 $%` % )^ @ Pji.4+2568291/295e012.5O.2245s~96
!! $=W 3^8%$@ =W "4 7;8&; % ^ oD989.t49.122 +48# 6 N, 05O.22
\) ` x $%3: @ 8%7$%! &%%% 048748716D6.2#U9.165#n95./e
@ $ \ 6[y8)& ;;&'z7 !47 !*{%:% ;@A
^%\ 44; %!
z &%$^; ;8%: 8) 7 & ^; ;8% 012 754 n5422# 954D .12 M5 N495
"$%! &%67$$ 83:;8%4 <=>?=A&; ;$ \ ,48# R PQHPU 99.25 #2#O.687 922 49
@%4)8 !%@; ! % ` <% ` ;:%&%A 4 6O982Ur6+2 O2# .4 96898687 .12
@%!) 4 ) )4:;:% ` %^;: ` 8 n9/D28.4+679.64849.12n9/9+252.28.648
():$ \ 8; ; &% ;8\) ! &;\)) ! 9D4O8.68529.648.4.129O66.648-k98#
@; ! 4)%&%&%VY{@ 4;^;8$) ):): .496898687.12728259Zk,-nO5n42e
XY[V
Page 275
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| º»½¾¿ÀÁÀÀ¿ÂÃÄÂÅÂÆÈÄÆÃÉ»ÊÄ
|| Ⱦ¿½»ÂÂÃʽ¿½ÈɽÅÂ
|||q ¾À»Å»À»ËÅÌÀ¾ÂÀͽ¿È»Å¿
Á½¾È¾Ì½ÈÍ»ȻÅÆž»Â
| ¡¢£¤£¥¦£¨©ª©¡« ÈÎÏпÑÓÑÔÕÑÖ×ØÙÚÛÚ×Ü
¬®|¯°£¨®¯±̈³«| |£¨¤£¦¬ ÁÏÖÑÑÜÖÑÅÑ
´±¤µ±®«¥¶¬³±¯· Å ÖÑÎÎÑ Æ ÏÎÏÐÉ ÜÙ
£¸±±°¬®±¹ ÃÑÎÎÀÑÖÎÑÂÜÑ
¢|¶q¶´µ¬¹ ØÍÀ¾»ÅÉÆ¿Åʻ ÓÏÑ
!"$%! &%'$ () * +e ,48#-9/9+2048.68O2#1
2 % &3 4'$ () * 5O+6#69562048.68O2#1
'%6*"$%! &%78$ :3;<:%4 =>?> @< ! 06H1IeJKLM N5 P495 ,48# QKLQ R
%!4 ) ! ABC?E= FGA?? ??? ??? N5SIKKTKKKTKKK
U @ !! $>V"4 8<:>?>BWXYU <$ [ h8h.4+25QiTQKQjTZk,-499252#.4.12
;< \ :4 4<] @ ] : %6<& 8:@%$) : 68H2.454O.6#2.12.2556.45/49.12l2mO+6
\%$ ^ [ _<])$%4W@8 <&% @ 3;<:%4 49Z8#4826998#N86.2#5.9.249nD2569T
F<:%4 B8$%! &%!$8 $@ $ ; ; ) ! 74+9+48##284D689.2#68N86.2#5.9.2
@8$ :3;<:%4 F<:%4 @< ! %$ % 8;% $ #495 o6.1 9 .4.9 992 H9O2 49
&<$):)[ ^ &<<& : FGA?? ??? ??? N5SIKKTKKKTKKKeZ8 4882.648 o6.1 .12
F<[)) ! @< ! ]< \ : 8$%! &% 96#+48#49925687TZk,-4+.9682#959.68749
<:&<) B WXYU ;<;]<:8$<[ ]<:%!4 rZ#,99st98# rZ#,,,Rt954D u44#/v 98#
Ẁ@Y ab@ Ẁ@YYY=b; &%!=; &%!@ :% w6.1T52m2.6H2/To161 5292. Zk,-v
c88@^d& @ f% g[B^ ! ;< g<:;%4 9m9+66./ .4 2..2 6. 487R.25D m5686m9
4<; ;]) WXYU ) )4 ;<;< )[% 69+66.6298#68.252.9.12/D9.O52e
$% %$% & ]8484 @ ) ! ( !4
] ( ! ^ ] @ & ( )[ <;]8
"$%! &% <:&<) ] ( ;% @ 4 01296#+48#To252O82O52# 98#o6+2
( )[ <;]8 a?B ' %! ])$)[ &< < ! [* #O2sKeL0.165./98#91991/295954D .12
[) @ :%&<( 4 !! $]< <:% B^ % ) 6O982#9.2T6e2nm56QiTQKLQTo6.196~2#
!! $>V 3]:%$>?>B @< ! %!4 68.252.59.2 49IeJKLM m25/295Tm9/9+2
) ! < ] &<<& :ABC?E ]<: [) B 2H25/D48.16895529548Qinm5698#
^ ! 4 @% ^ :4 &< % ]x)$ &<4 $% Qih.4+2568291/295e012.5O.2245r96
^ % )] @ !! $>V3]:%$@ >V"4 8<: nD989.t49.122 +48# 6 P, 05O.22
&< % ] [) ^ y $%3; @ :%8$%! &% 048748716D6.2#T9.165#m95./e
%% @ $ [7Yz:)& <<&'{8 !48 !*}%;% <@B
]%[ 44< %!
{ &%$]< <:%; :) 8 & ]< <:% 012 754 m5422# 954D .12 N5 P495
"$%! &%78$$ :3;<:%4 =>?>B&< <$ [ ,48# R QKLQT 99.25 #2#O.687 922 49
@%4): !%@< ! % ^ =% ^ <;%&%B 4 6O982To6+2 O2# .4 96898687 .12
@%!) 4 ) )4;<;% ^ %]<; ^ : m9/D28.4+679.64849.12m9/9+252.28.648
();$ [ :< < &% <:[) ! &<[)) ! 9D4O8.68529.648.4.129O66.648-k98#
@< ! 4)%&%&%UX}@ 4<]<:$) );); .496898687.12728259Zk,-mO5m42e
WXYU
)4 )() 4) &% @ ]<$ ]8: w45 94O8.687 98# 9689869 52m45.687
4<) ! B"$%! &%78$ :3;<:%4 =>?a@ mO5m42T.12N5P495,48#RQKsj98#N5
"$%! &%78$ : 3;<:%4 = >? '4<@) ^ P495 ,48# RQKLj 0+4.1 12526899.25952
&<g : <:& ; =& ; @%&<) &< ! % 5292552#.49.12r4+9,48#Zt198#N5
`"$%! &% $8 $Wb*@ "$%! &%78$ :3;<:%4 P495,48#RQKsQ98#N5P495,48#R
=>?a> @ "$%! &%78$ :3;<:%4 =>?> QKLQ0+4.112526899.259525292552#.49.12
'4<@) ^ &<g : <:& ; =& ; @%&<) r4+9,48#ZZt1T95295562#98#m5228.2#68
&< ! % `"$%! &% $8 $ WWb*B @%g @ .124846#9.2#.9.2D28.499689869m46.648
@%& (%4 ] @ $ ]8: ]8&%&% 4<) ! 9.9D45.62#4.O6872992.6H268.252.945.12
48 &8$%@ &% &<<& : % ^ ]<:8$<[ ,48#9.98988O959.249seLKKMTIeiMT
@% ;8: %& &% @< ! ;< !!) 4 %!4 sejKM98#IeJIsMT52m2.6H2/e
&)4) ) ! <<4 % [) "$%! &%
; &%!=; &%! &<<& : aB??EB ABVEB
aBx?E@ ABCAaE
Page 276
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qrstuvwvvuxyzx{x|}z|y~rz ¢£¥¦§¨©¨¨§ª«¬ªª®°¬®«±£²¬
u}t{trsr}x}t}zt} °¦§¥£ªª«²ª¥§¥°±¥ª
}r}r}t}r}x}qv~}t ¦¨£ª£¨£³´¨¦ª¨µ¥§°£§
z{y}t}tzvtxvsu}xs}t ©¥¦°¦´¥°µª£°£®¦£ª
r u °¶·¸§¹»¹¼½¹¾¿ÀÁÂÿÄ
yr r r ©·¾¹¹Ä¾¹¹
u ~ ¾¹¶¶¹ ® ·¶·¸± ÄÁ
z u ¡ «¹¶¶¨¹¾¶¹ªÄ¹
yr}t}tz}q}t}t¡ Àµ¨¦£±®§²£ª »·¹
!"$%! &%'$ () * +e ,48#-9/9+2048.68O2#1
2 % &3 4'$ () * 5O+6#69562048.68O2#1
678: & 84 ;78( (% :7 ! < $%3= ,92#48.1297522D28.S6.1.12.5O.220.12
'>?78( (% ?78@ $% = A*B CE6? T05O.U22#V1WZX,-652YO652#.44D[/S6.1
:%F 8)&4 ) )4 =7=7 )F% 25.96897522#52.56.6\24\2898.WO19
;78&G 8 H;78&G 8 78 7 ) G ! 7$ F ZX,-S684.W98#S628O52.19.8482496.
:%&7; 4 %B :% 8 G CE6? %: 4 ]9.25695O+6#6956209#29682#68.1205O.
:%;7847 4 ) )4B: 4 =7= & %4 U22#1 S6W 529.2W [25D6. .4 O+6. 98/
%: 4 & );) 2 % & 3 4 I 78% $ D45.7972W19^ .9877O8798W96#O69W19572W
?78)& F '&7 ! %= :%:7J%%&%4 : $ = 628W[2#72454.1252O56./68.252.WO[4845
?78( (% ?78@ $% = * G ! 4 B S6.152[2..4W.12 S1424598/[95.496.
=7=) B =7 !%K%4 ) )4 =7 !!) ! [5228.459O.O52+O682WO8#25.9^687W92.
F%;L 74BF 4 !!) ! BJ%:)&% B% G BF 4 45 52\28O2 .4 2O52 98/ _22\98.
! : %B ( =% B ) 47;7 %! ( =% Z8#2+.2#8209#29682#68.1205O.U22#1W
$ % G ; : )&7F)) ! :7 ! B&7$)8)F O82ZX,-W+29452459..129D2.6D298#W68
) &7 !% : 8%%&%&B)& F B &7 ) 98/4.12592W[54D[./W.9^298/98# 9
;7 : ; G ! :%=%$%4%G & %% ) :% 9.64882295/.428O52.19.̀
= & G ! 4 : !B!) =7 ( =%&7 % ;
! M ! N7$7P '&7 ! %=
:%:7J%%&%4 : $ = ?78( (%
?78@ $% = *B47Q) $%&77$)= ); :
& G ! & = BCE6? &7!78 B=7 ! =%$
&7 % ; : &7=) %: 4 G ! :%;78$)4
) )4=7= & %4 F@ R
'%*&7=) ()=$ F G ! F 8)& :% G 8 06199D4O8.[9/9+2+/6.O8#25.12c4+9
78: & 84 "$%! &%a$L $C: "$%! &% ,48#Z98#c4+9,48#ZZ98#.1205O.
a$L $CC: ;78( (% < $%3= :%( =% U22#9522O52#+/.122O56./Z8.252.
:7 ! 47;7 %! ( =% G ! & = 2YO9/ 98# 59.29+/ S6.1 .12 _22\98.
: &7%= !:7 ! 47;7 %! ( =% Z8#2+.2#82d45
& !M !N7$7P b )
'%%*47;7 %! ( =% ) ;7 ! )8 0661O1 4.125 2O56./ 68.252. 45 4.125
$ % G L$7F < $% 3= B & 9559872D28.6[54\6#2#S161.1205O.22
47%( 4 G &7 :%8% :% !! ; 4)8 ! 19W686.9+4O.2#652.648W#22D 84.
78= J &7Q 8 = 78% $ !%;7=7! ! D9.2569/2+2829669.4.12+48#14#25
L$%! &% ) &7 ! %= :%&7 )()%L$7F 45 9 6 9[[54\2# +/ 2f.5945#6895/
47;) )& $) 8% & ;7=7! !L$%! &% 524O.64849.12+48#14#25e
g =; %:7 ! !! $;7 G7$7& % $ ;L8 k8.6.124D[2.648#9.249.124846#9.2#
47) ! 4L &L$%: &% BF &%$;7=78%!4 9689869.9.2D28.W.1259.68749.12X4D[98/
?78)& F : 8% ILL:Gh& : i% QF 954D ]44#/l 98# m6.1 S252 52D9682# .12
= &%!H= &%! 7 ; >C:6 jA: >C:666HAB 9D2S6.1TZ#,99nV98#TZ#,,,oV52[2.6\2/W
G !=7 Q78=%4 47= =;) ?78)& F S161 5292. .12 X4D[98/l 9[9+66./ .4
) )4 =7=7 )F%$% %$% & ;L4L4 : ) ! 2..2 6. 487o.25D [5686[969+66.62 98#
( !4 ; ( ! G ; : & ( )F 7=;L 68.252.9.12/D9.O52e
Page 277
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|~ | ®°±²³´³³²µ¶·µ¸µ¹»·¹¶¼®½·
|~| »±²°®µµ¶½µ°²°»¼°̧µ
|||q ±³®¸µ®³®¾¸¿³±µ³À°²»®¸²
~~ ´°±»±¿°»Àµ®»®¸¹¸±®µ
| »ÁÂòÄÆÄÇÈÄÉÊËÌÍÎÍÊÏ
¡|¢ £¡¢¤¦|| ´ÂÉÄÄÏÉĸÄ
§¤¤̈¡© ¦¤¢ª ¸ ÉÄÁÁÄ ¹ ÂÁÂü ÏÌ
« ¤¤£¡¤¬ ¶ÄÁÁ³ÄÉÁĵÏÄ
~~~|~ © ÍÎÀ°»½°À°®°̧µ´³¼¸¹À³¸¸½¸±¸´°®µ
!"$% & '$$ ()*+", 3 D28.6482# 68 44.2 56.12 754O8 48259.2
-& +% ,+/ + , ! " " $"%!&"+"0 52.652D28. 898 4:25687 9 49 6. 2676;2
%+-1 $$, -- "0 !-+$2 825D9828.2D84<22e
¤=¤¤>¤q¢ ®Ä¿ÂÇ Ï?@Á½ÂAÏÁÏɲBÁÂ
C E ! F/ !+ G+"!0 -& +% 012 I4D898<J K479956L6:6648 19 #29682#
,+/ + , ! " "+ ,!$ ,+/ + , ! " 48.56;O.64898##29682#;28296.52.652D28.898e
H$,!$ 2
G+/ + , ! " H$ ,!$ M%", 012 #29682# ;28296. 52.652D28. 898 4:25
%+-1 - ,%+N% /&0C E ! F/ !+ 2D84<22.19.S252 1652# ;<K479956L6:6648
!&" $ & (P Q,+ & RR() ! $+ 85645.438565T6UVV56S162.1422D84<221652#
%+-1 - %+N !$&0 $ &$+!"$ O;2WO28..4.1296##9.29524:252#O8#25.12
!"% & ,+/ + , ! " "+ ,!$ 2 #29682#48.56;O.64852.652D28.898e
G+/ + , ! " "+ ,!$ L29682#48.56;O.64852.652D28.898
F+!+% ,+/ + , ! " "+ ,!$ ) "+ [8#256.#29682#48.56;O.64852.652D28.8986.12
$+ + + C E ! F/ !+ !!+P)PX 48.56;O.648486.49K479956L6:6648J19529.
%+-1 !!+()YX)- 0 $" .12 59.2 49UTeT\ 98# .12 2D84<22J1952
+ N "& %+-1 2Q!$,+/ + , ! " 4D8O.2# 9.5e]\ 49.12 2D84<22JD48.1<
%&/&/&0C G ! " F/ !+ 2 99562e01289892.952;26879#D686.252#
98#D98972#;<L989^286O8K479956e
F - , ! " - % , /,+! 0128286484.19572#.448259.648945.12<295
" $"% $0" - +%0 + , $ & _ 28#2#L22D;25hU65T5h9D4O8.2#.4 i85T6UV5
C! + (P(_ &0 !!+ `,(P2R( jL22D;25hU65T55ki85T6lmnoe
a_C! +(P((b`,(P2cdfg2
G+/ + , ! " H$,!$ L29682#;28296.52.652D28.898
F+!+% ,+/ + , ! " H$,!$ [8#25K479956L6:6648J#29682#;28296.52.652D28.
C E ! F/ !+ ) H$, ! " )- 8986.12828648;28296.6S161952;2687895.69<
! /&0 C E ! F/ !+ ) 0 $" $+"$ 9O8#2#;<K479956L6:664869524D8O.2#856D956<
+!+% !%+N , 0! & +$r+$ ;92# 48.12<2954925:62 98# 9:2597289<
!& $0" $+%0 +)- $ $"% +!+% #O5687 .12 9.<295 492D84<D28.#2.25D682#
,+0 $" %$"+ &2 .154O719.O95694D8O.9.648e
~q µ°¹
G+/ + , ! " "+ ,!$ L29682#48.56;O.648828648898
C E ! G+%" s $ $!r $ $!Q %$+$ $" 012 ^98.9.648 L6:6648 49xZy^ 98# 6. 25.968
+ tuG ," - ,+/ + , ! " "+ xO;6#6956219:2 #29682# 48.56;O.648 52.652D28.
,!$ " $"%!&"+"0%+-1 $$,- "0 898 4:25687 949.1265WO96962# 825D9828.
!-+$2C , ! " %&/&/&0C G ! " 2D84<22e012828648898J92.952D98972#
v w" aCGvwgu "& H t / ! ) ;< L989 ^286O8 z2D;979 {2O98798 jL^z{o
- , + - $&0 !$"N" /&0 u $+ y98O692Z8#482696.122.9;61D28.49S161S9
w" `,"& %t / ! 2 98854:2#;<.12y686.2549}6898249.12i28O;6
49Z8#48269e
Page 278
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
wwwv| wx ~¢ ~x Æǹ©´¶©¹©§©±® ¬µ ±²¦¹¬±± ¶±ª±©§®
¡¥ ¿»½
|wq ¡¥ ®©²¦ ¿»½
!"$ "$ !%"&' ($% ) *29682#48.56+O.648,28648,98-48.68O2#/
0$ 1 !"$ 2 3"% $ ' 4 1"5"!" E48.56+O.648.4.129O8#+FG98.9.648*6H664849
6 7$ 3 "80: 3 ; %"% !< %"% ! = 6 IZJG 98# .12 9+4H2KD28.6482# IO+6#69562952
% % %$3" % ! !"< !"! 7 ! >? 3 4D,O.2#9.LMN 98#PN49.12+96,286489+2
@? 3 " 4 !"' 66 6 2 A !% B3 684D2 49 .999 98# 848K.999 2D,4F22Q
6 2 A <!% B 6 C 52,2.6H2Fe
R" 2 !"$ 1"5"!" 6 7$ 3 ; %"% !< %"% ! 012,286484.49.12G98.9.648*6H664849IZJG
= 6 % % %$ 3 "80: 2 3"7 7 6 3 98#6.25.968IO+6#6956219572#.44,259.648
!"$ %$6% 4$ 2 7 64" 3 % ' 945.12F29528#2#*22D+25[LQ\M\[9D4O8.2#.4
S 1 ! 7 T>TS 3 ' 4 ! 7 ! U VCVW> ],L^Q^_M-*22D+25[LQ\M\\`],L^Q_aL/e
&S1 ! 7 T>TTXU VCWY)C
wq ©´¦
!"$ "$ !%" *29682#48.56+O.648,28648,98
0= 2 ' 6 3 !"$ "$ ZfG 19 9 #29682# 48.56+O.648 52.652D28.,98
!%" 2 b 6$ ! '$$4 6 2 A 2 4H25687 9 49 6. gO96962# 2D,4F22e
$4"!2 %C0$ 1 !"$ 2 3"3 " E48.56+O.648Qh161952+26879O8#2#+FZfGQ952
' 4 0=c3"% %$6 7 3 ! 6 $ $! 2 #2.25D682#+92#4897522#945DO992i,9682#
3"% % 6 3 ' % ! 7$%C1 !"$ 68 .12 ,54759De012 ,28648 ,98j92. 952
3"6 '' ' 4 d 03'"B !" % C R 7 D98972#+FG0Z8#4692G28648.9D9e012,28648
!"$ 2 3"7 7 6 3 !"$ %$6 4.19572# .4 4,259.648945.12 F29528#2#
% 4$ 2 7 64" 3 % ' *22D+25 [LQ \M\[ 9D4O8.2# .4 ],\Q[ak
S 1 ! 7 T>TS 3 ' 4 ! 7 ! U TCSY -*22D+25[LQ\M\\`],\e_[^/e
&S1 ! 7 T>TTXU TCWSV)C
l}}~ ¶½½¼È¿¿»Âm»¹ÈÁ»Â¹È
8 ' " $ 2 " !"$ "$ 3 s8 .4, 49 .12 +28296. ,54H6#2# O8#25 .12
B % !%"$ %$66 2 A % % 3"5"!"% % %$ 9+4H2KD28.6482##29682#48.56+O.64898##29682#
2 3"! 7$%6 ! 7 '$ 2 cn$ ($ b % % +28296.52.652D28.,98945,25D9828.2D,4F22
2"!"4 % 7 4 " 7 ' 6 ( $ %$6 94525.968#6H6648Q.12t54O,94D9#29##6.6489
$4"" 7 ' "" $ 2 3"A ("76 $ %$6 ,54H6648 9452D,4F22 25H62 28.6.2D28. 68
3"7 2 6 3 6 2 A 2 $4" 45#25.4D22..12D686DOD+28296.52gO652#.4+2
!2 % ! !$ " 3 oorC 2"!"4 ,96#.4gO96962#2D,4F22Q9.6,O9.2#O8#25.12
% ! 7$%%"3 63"3 "' 4n$ C u9+45u9he0122,54H664895284.9O8#2#+F.12
t54O,e
Page 279
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
wwwv| wx ~¢ ~x Æǹ©´¶©¹©§©±® ¬µ ±²¦¹¬±± ¶±ª±©§®
¡¥ ¿»½
!" $ $%&' ( !) -8989/649.12D402D28.68.1215228.09O2
%(* (%+ $ , 4942679.6486994434
yR yR
«½¿½ÀÁ½ÂÃÄÅÆÇÆà «½¿½ÀÁ½ÂÃÄÅÆÇÆÆ
xS¡¡ ¦Â½º½XȽ»¼¼Â½Á½½¼
S TUV TVWUU »Á YÈ»ºÈÁ½YY»¼[½ÈÂ
5%+ ()6*! (%($$% \1987219572#.4
(+ * , 15496.4544
] 6' $ ;^>:_` E=E:_> \O5528.250624.
] * $%&' ( ( ;a:==a ;_^:a== Z8.252.4.48228296.42679.648
b * c(d$ + $%&' ( ( -.O956942f7968g48 228296.
) (%+' :=_ c=:E`;d 42679.648945.12/295
A 6*! )+7$!+ % 7+"*+ c:=>d c:>^_d hi12.2#52.O584819892.
j (6*! (6+$ cE_>:^_d cEa:>_d k28296.196#
@"+ ( !+ 7% %+ % 7+"*+ c;:̀=>d c=:;`Ed \48.562O.6482/198195.66198.
l( 7%6%% ! m968482..2D28.98#
$ + % c:̀_d ca:_`Ed O5.96D28.
] 6' c;a=:a;d c;^:_Ed F9.250624.
|no TU¥ UrU¥ ®Ás»È
l(7%* $ +$% ( u2D29O52D28.7968
6*! (%($$%7%*) 19572#.44.1254D152128602
$" 7+%)% t , 684D24
5%+ () $% * Ea:^E c__:`d \198726896898699OD1.648
5%+ () !% "*+t B c;:>ad\1987268#2D47591169OD1.648
5%6% % 7+"*+ __> ; F9892.9#8O.D28.
Z8.252.49.122992.49.1292.
] *7%+ ()! 7$( % ^` ` 26687
5%6% 7%* c=`:=^;d c=_a:^Ed hi12562829#8O.D28.
5%+ () ! 7$( % c;Ed cEEd 0122992.49.1292.26687
|no WT rVWr¥ ®Ás»È
xS¡¡ ¦Â½º½XȽ»¼¼Â½Á½½¼
TT TUV »Á YÈ»ºÈ½»¼[½ÈÂ
5%6 ) $ ( $%+' $+6& F5406648 945 2D14/22 228296. 952 988O9/
%+ 7$ % ) '% % 2.6D9.2#2/D98972D28.292#48.129.O9569
(%+! +$ 7%+) * $ + 6* %+ 9O9.648D968/O687.1215482.2#O86.52#6.
%** $ %"!% 15482.2# O86. 52#6.: D2.14#e012 9.O95699O9.648945.12 /295
5%+) * $ + $ ) 6* (%+$) + 28#2#G22D225HIJKLKH98#KLKK3252D968/
7!**;<% % (%+=>=;!=>==%+ #2.25D682#292# 48 .1209O9.64852145.49.12
! % $ (%+! +$ 7"+ 7% !+ 68#2128#28.9.O95/965DJMM-N25/-N9565/J686.
$ + !%7%!%?@@A%+6A+ +6?! 52145. #9.2# P98O95/ KHJ KLKQ 98#
7"+6 *B * 7! ** P98O95/KQJKLKHJ5212.602/e
=;C + =>=E!=EC + =>=;:
Page 280
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qwxyz{|{{z}~}}~w §¨ª«¬®¬¯°±¯²¯³µ±³°¶¨·±
zyywxw}yy µ«¬ª̈¯¯°·¯ª¬ªµ¶ª²¯
wwyw}q{y «¨²¯¨¨¸²¹«¯ºª¬µ¨²¬
~yy{y}{xz}xy ®ª«µ«¹ªµº¯¨µ¨²³²«¨¯
wz µ»¼½¬¾À¾Á¾ÃÄÅÆÇÈÇÄÉ
~w ww ®¼Ã¾¾Éþ²¾
¡z¢£ ¤ ² þ»»¾ ³ ¼»¼½¶ ÉÆ
¥z¦ °¾»»¾Ã»¾¯É¾
xxxw} xy £ y ÇȺªµ·ªºª̈ª²¯ ®¶ ²³§º²² ·²«²®ª̈¯
¡¢¦ À¼¾
! " $ ! % ! & ! $ ! ' & 012 67869698.9OD1.648 O2# 945 .12 96#
'()* +! ! $+ ) +()(,+ & - * (, 9.O95699O9.648952994423
,() $+/ !+ ) - !0
z4 z4
¬¾À¾Á¾ÃÄÅÆÇÈÇÄ ¬¾À¾Á¾ÃÄÅÆÇÈÇÇ
5 ! $ +& $6!+6+ *! ! 7/8: ;/: 7/<: 8/7: =88O9#64O8.59.2
5 ! $ +$(! $ ! > + *! ! </: 7/: 7/: 8/?: @O.O52988O9995A68529259.2
5 ! $ +B B ++ *! ! :& ) + ! $ + 6)+ - + C954DD45.96.A59.2 =88O9#69E66.A59.2
5 ,(-G6)+ - + H!&6!( 5 ,(-G6)+ - + H!&6!(
F("()(! + ! $ + 6)+ - + HICZ8#482698J45.96.A HICZ8#482698J45.96.A J45.96.A59.252925282
09E2ZK 09E2ZK
L )'(! ! ?? M?+ *!CA295 ?? M?+ *!CA295 N2.652D28.972
5 ! $ +'(! !&) !& ) $ )% P ! M:!+$$ )% P !& , P *<+ *!& ! (!)! N26789.64859.2
(B ) - !( ) ' :' & )?+ *!CQR945
2D14A22E29452.1297249ST98#2668295A#25292
O8.6TR9..1297249UV
G ! >( (!,()$(% $ ! !, *P '(!% * !!+$ J98972D28. E262Y2 .19. .12 154Y6648 945
, - !$()> $ )% P !+(- *B$'( &(! ! 2D14A22 E28296. 6 O996628. .4 4Y25 .12
% ! & % ) +$ !6-(*LLWX 52[O652D28.49.12\9E45\92e
]¢ ^ _ ³¼a¾Á¾» ¼½ ½Éà aɾ ¼½ É É»»¾» ¼½
z`^ ¾½¾ ¾¾½ þþÁ¾ É ¼½ ·¼bÉ»ÉÃ
¬a»¼
c - * * -% ! & * ) '$ ! & ) (+')6 ) 0124Y2592d12.2#59.24952.O584819892.6
,()& )$ ! !& $ * -+ ! $ +)('+ & ! P - E92#489521O.9E29O8#.5O.22f68#69.6Y2A62#
! + !+$ + ! $ + ) $6 + '6)+6"6- 6 59.2945956g145.94646D695.4.19.49.129O8#26.1
,() ! &(! ! + > ( '()+ , ! $ ! 486#259.648.4.129O8#f19.125945D982e
$ !()> & ! - -X
w
z4
¾Éþ¾¬¾À¾Á¾ÃÄÅÆ
h - P > ) (+')6 ) @965Y9O24919892.9.
' & P -+ *! XM; <Xi; E2768868749A295
H) ! < ? j48.56EO.648
H , - !% ! & , % )$ ! kX?il kX8l m28296.196#
n -% ! & * ) '$ !& ) (+')6 ) 8; i87 od12.2#52.O584819892.
F $+ ) - (+')6 ) kXiil kX7<l =.O9569424819892.
y]¢ ^ rs st ®ÉÃaɾ¼½ ÉÉ»»¾»É¾¼½u¾ÉÃ
x ^ ¡vtr¦ ¡st¦ µÀÉ Ã¾Ã¼ ÉÉ»»¾»
Page 281
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
opqrstuttsvwxvyvz{xzw|p}x ¡£¤¥¦§¦¦¥¨©ª¨«¨¬®ª¬©¯¡°ª
s{ryrpqp{v{r{xr~{ ®¤¥£¡¨¨©°¨£¥£®¯£«¨
{p{p{r{p{v{ot|{r ¤¦¡«¨¡¦¡±«²¦¤¨¦³£¥®¡«¥
xyw{r{rxtrvtqs{vq{r §£¤®¤²£®³¨¡®¡«¬«¤¡¨
p s ®´µ¶¥·¹·º»·¼½¾¿ÀÁÀ½Â
wp }p p §µ¼··Â¼·«·
s| « ¼·´´· ¬ µ´µ¶¯ ¿
xs ©·´´¦·¼´·¨Â·
q{}qqp{v qz}{{r xy|{ x{|~{{r ÀÁ³£®°£³£¡£«¨ §¦¯ «¬ ³¦«« °«¤«§£¡¨
¹µ·
!"$%&'(") '*$" -24/ 952 .12 D90459.274562 49198 92.
+'&%') &!* ) +$'*$ "*$ '"&" *$" 949.6489912528.97249.4.919892.2
+'&%'),
3%* 456578 :6;58 -48#
$+&*"&$'< %! =;658 >6=>8 06D2#2146.
? ) *('"(" % $%' 5678 :6548 @.4A98#74B258D28.C48#
E$!* 56558 :6F;8 GO.O99O8#
H&" I I 04.9
J * *$ *"K"*"$' + *()*(") L % @286.6B6.M989M6.4.12A2M9OD1.648O2#68
%( ! ) )$ $ "(! !$ < ) #2.25D68687 2D14M22 C28296. 4C679.648 9 49
!$'< + " %% = $*$)$'5= N22DC25PQRSTSP9529944/2
*$%$'!(",
xUo
xU qU
oU £¹¼·Â´·V¥·¹¼·Â´··
{ £¹¼·Â´·V¥·¹¼·Â´· «º µW··°··¶´³Â» W ª·W´´º µ´
s ¥·¹·º»·¼½¾¿ÀÁÀ½
H %!" *!& "&" ( 8XY8[ Y==\=;[X>F\F=7 ]88O9#64O8.59.2
H %!"!$ ! %<" ( 8XY8[ 7\;4XY=\=[ ^O.O52988O9995M685292
J **$ *"K"* "* "( %)$ %%( ! 012 286.6B6.M 989M6 9C4B2 19B2 C228
)$"& $ $!*"'+&* "* +$ %'( "$' + #2.25D682#C92#489D2.14#.19.2_.59149.2
!$ < ) !$'< *$% * ' .12 6D19.48 C28296.4C679.648 9 9 52O.49
+$'( <'L %)( %! "$'< "**()* 529489C21987268A2M9OD1.6484O55687
(")+ " %%+$+&' \ 9..1228#49.1252145.68712564#e
`$)L' !& "'(* L % '+! ' 0122_12.2#48.56CO.64819MD28.954D C28296.
!$ < ) !$'< + " ( )$ " % 4C679.648689O.O52M2959529944/2
*$%$'!(",
sU
¥·¹·º»·¼½¾¿ÀÁÀ½
)( )$ " % :=5\;; a6.168.1282_.QSD48.1
J "'*)+" ( ::>\77F -2./228Q98#SM295
J "'*)+:" ( \FF>\=;= -2./228S98#bM295
"*:" ( =\:\;:4 -2M48#bM295
pc dfg ¡µÂ
('*'"h'" '!$ < ) !$'<+ 012 9B25972 #O59.648 49.12 C28296.4C679.648
" %% = $*$)$' 5=, 76>4 " ( \ 9. N22DC25 PQR STSP2 iejk M295e
Y=$*$)$'5,76>" ( [ lN22DC25PQRSTSS2iejQM295m
Page 282
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ²³µ¶·¸¹¸¸·º»¼º½º¾À¼¾»Á³Â¼
|| À¶·µ³ºº»Âºµ·µÀÁµ½º
|||q ¶¸³½º³¸³Ã½Ä¸¶º¸Åµ·À³½·
¹µ¶À¶ÄµÀź³À³½¾½¶³º
| ¡¢¡£ ÀÆÇÈ·ÉËÉÌÍÉÎÏÐÑÒÓÒÏÔ
¤¥¦|§¥¨¦§©«£||¥¤ ¹ÇÎÉÉÔÎɽÉ
¬©©¦£®¥¤¥«©§¯ ½ ÎÉÆÆÉ ¾ ÇÆÇÈÁ ÔÑ
°¥© ©¨¤¦©± »ÉÆƸÉÎÆɺÔÉ
¡ ÒÐÄÀ²µ³Àź³¸Ä¼
! " $ %&! " ' 012#2.9649.1214D29834195214#2598#.1265
( )( ! " * ! + ! ' 5222.6521952468251629.52245.687#9.2952
, )+, ) ) -% ' ) "! / / %(&,0 994467
|8¤§
©¤«¤¦£
©¤8 q¥§¬¦
«¥§±: q¤
³ÇÔ ºÔÎÉƵÆÆÉ «©©¦:
Ô¹ ;²Ô ²ÉÎËÉÔ<ÉÇÈ ®¥§:
q§ È ÔÌÇ ¸ÉÎÆ ÀÌÇÆ ºÔÎÉÇÉÎÆ
=$>?@ ABCEFBGCBAHG HGIGJK ACEBFG LMZNP
Q,"-R ) BCEBJJG GIGK CC S8.1486T96D
U &V(W% , 'X HGBGGG + H 09O96Y[6599.D9#\9
=% !&!W )% HG + + L5986O[265987
? !* % ( ,]' ( )( MOa6b66.14682516268.252.
! + ! '/ ^ "HK_ ABC`BEACBGCG AEIEK AC`BEH 291a246cdf
|8¤ ghg¢i¡jk¢¢ ¢¢¢̄¢l ghg¢i ³ÇÔ
q88£ ÄÔ Ô ¾ÔÔ<ÉÌÉ
$ %&! " X '( ,-, ) (&, !! / -' ) 01214D2983486#25.4.92nO6.396.926.9e
$ %&! " B U&X& &, )-) -' ) 012 256D953 4a\2.652 49 .12 o54O24 926.9
m%& ' ) "&,&( !,( )" % % !- D98972D28.6.428O52.19.6.D968.968129.13
-' )* ! " ,&,&( '&(& &! " ' 926.959.646845#25.4O2245.6.aO68298#
(! )( / ) / ! " B D9r6D6s2195214#2559O2e
$ %&! " ' t,, ! Q ( , %, ,& 01214D298398#25.968TOa6#6956295252nO652#
' %!* % ,( &,&( )" % , ( , a3.125222.65249897522D28..4D968.968.12
% -' ) , %, ,& -) " %X X X B 252492r6.687 1952 926.9e016 2r.25893
$ %!* % , % -' ) (!, % ), %! /&,, ) " 6D242#926.952nO652D28.19a2284D262#a3
' &" -) " ,, ! , %( , ' , ) .12522598.28.6.62949w22Da25xyz{}{xeZ8
C u ! / % GCB R ) ,&I m%& X& 9##6.648z .12 o54O2 6 94 52nO652# a3 .12
' %!* % ,( -) " v' +&' $ %! %- 1452459.2 P96 2992.652 48 SO7O.y~z{}} .4
V (,V , ) F Q &!,&! GGJ &,&( 949.2 98#D968.9689 848#6.56aO.9a2522552
)-( !( ' ' * ,' (/-) " 9O8#O8.6.1296#52255252912{}e}}d 49.12
''!,%/&!( ! ' GIGGK ' % -' ) 6O2#98#9O3296#1952926.9e0162r.25893
! " ', ,( ' '! ,-% &"B$ %!* % , 6D242#926.952nO652D28.66a2486#252#a3
% -' ) (!, % ) , %! /&, ( .12o54O268.1282r.S88O9o28259T195214#25
' %, / ( -) " m%& ' ) ,v & N22.687bSoTNfe
$ R " U "& ]v$RU_/ %(&,* B
m%& )-) !,%&(,&% % -' ) ' 012o54O2D989726.926.9.5O.O5298#D9Y2
) (&( * !& I /) ' %)&( I 9#\O.D28..46.z69822953z68671.491987268
/ %' ! %( %&/ " (-'! (-- Bv,&( 2484D6 48#6.648e04 D968.968 98# 9#\O.6.
)" % ' * !& ( !,%&(,&% 926.9.5O.O52z.12o54O2D939#\O..12#656#28#
% -' ) I m%& ' , * !& ( 293D28. .4 195214#25z 52.O58 926.9 .4
/ * % '' ( ' ! " I 195214#25 456O2 826 1952e4 19872
/ ) -' )( ' ! " , & 6252D9#268.124a\2.652z246624525422
%/,( ! " / %&BU' ( ' %&/ " 949w22Da25xyz{}{x98#{}{{e
,&X& I( /X ( & & %-! ! ' , )
Cu ! / %GC' GB
Page 283
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ²³µ¶·¸¹¸¸·º»¼º½º¾À¼¾»Á³Â¼
|| À¶·µ³ºº»Âºµ·µÀÁµ½º
|||q ¶¸³½º³¸³Ã½Ä¸¶º¸Åµ·À³½·
¹µ¶À¶ÄµÀź³À³½¾½¶³º
| ¡¢¡£ ÀÆÇÈ·ÉËÉÌÍÉÎÏÐÑÒÓÒÏÔ
¤¥¦|§¥¨¦§©«£||¥¤ ¹ÇÎÉÉÔÎɽÉ
¬©©¦£®¥¤¥«©§¯ ½ ÎÉÆÆÉ ¾ ÇÆÇÈÁ ÔÑ
°¥© ©¨¤¦©± »ÉÆƸÉÎÆɺÔÉ
¡ ¬¥¤± ÒÐÄÀ²µ³Àź³¸Ä¼ ËÇÉ
q£¬¥¤± ÄÔ Ô ¾ÔÔÉÌÉËÇÉ
!"$! %&!'!""(! & ")!" 012<54O:D486.456.9:6.9O68782.7295687
")) "!*!" !+,% ") ")*,$" $%-82.7295687 59.64=>#6?6#68782.#2=.@6.1.12.4.92AO6.>e012
59.64/0& ")!" 1!), $!") " $% & ")!" $%$!' <54O:B:46>6.4D968.968.1282.729568759.64
* ,$!+23 1,4!*!" !&!'!5 "4!)! !+,% @6.168 .125987249.12 82.729568759.6449.12
") ")*,$ " $% &!'! *,+! !" !+,% &! , 29#6874D:9862@6.16D69568#O.5>68Z8#48269
+!5!!" $ * *! &!'! ,"& +$ ,+4",+ &, 6845#25.42O5292.49689829.9529489=2
6"&%" +,! "$ * ")! !"*!" !*++ $ 5!&! 4.e012<54O:68O#2@6.16882.#2=.;145.C.25D
"&!"!!" !&!1,!(!(!") !+,%"!'27$!")" $% =98E498;4?25#599.;.5O.5226:.:9>9=298#
', $, $!")1!"*4!")*! "& *08 *!"0 487C.25D#2=.;29198#912AO6?928.e
$!").5O.5226:.;&!" $!") 4!")*! !"4!")
&,* !"),*!+&!"+$! !*!+2
¡¡| |¯ | ÒÒÀ··µ³µ̧¶ÀÅ ²Àµ·Fµ¶ ÄÀ²µ³ÀÅÑ·µ¹¹½Á½¶Ä½
q | || ¹Á¸¾ÄÃÀ¶G½ºµ¶½H»µ³¸¹º»Âºµ·µÀÁµ½º
q| q| À¶· ½¹¹½Ä³º ¸¹ ³ÁÀ¶ºÀijµ̧¶º Iµ³Ã
q ¶¸¶Fĸ¶³Á¸Åŵ¶Gµ¶³½Á½º³º
K!'&% $! 1!5!" %&!' &,+$% !&! $!"))!' 012 =9982 499##6.6489:96#C68 9:6.99 49
c + 1 N&!"N$ &, ,&! , V22D=25Yk;WXWY98#WXWW486.49
J),%K!5! L1952M52D6OD
K ',+,5!"$! !4 '!5",'!,"% ,"!'&! ,+!5! 1! (!") V69925282=2.@228.12.4.9:95?9O24982@1952
&,$ 1,$*!" !&!$!5 "NN0NN&!"NNP&!'! 6O2#68WXXW;WXXY98#WXX[684882.648@6.1.12
!")*! '!*+!"!!"QKRS$!5! 6066&!"666& ")!"5!+,' 6D:2D28.9.64849:192Z;ZZ98#ZZZ49.12\L]M98#.12
(!")&,$ , !0&,$! 1!51 1!"*% "+!+, T2TU 529.2#.4.9:5422#5226?2#;:O4D:289.6484.
K ',+,5!"$! !4 '!5",'!,"% ,"!'&! ,N^2NN2NNN+!5!
1! (!")&,$ 1,$*!"&!'! !")*!S " 1,$!"_!* V69925282=2.@228.12.4.9:95?9O249.12YXh;WXX;XXX
` +!"Qa*b '1,5c!5 ' !&!$!5 "ddf& ")!" 82@19526O2#684882.648@6.1.12i65.j671.ZO2
5!+,' " , !!"$ *!,$-g!$!$!"/ T^P2^UN 68kllm98#.12529.2#.4.9:5422#5226?2#no4.2kr
K ',+,5!"$! !4 '!5",'!,"% ,"!'&! ,2NNN2NNN+!5! V69925282=2.@228.12.4.9:95?9O249.12Wk;XXX;XXX
1! (!")&,4 !'* !&! !+(! !*!$ !&!$!5 "ddP 82@1952499252#.4.12:O=668kll[98#.12529.2#.4.9
& ")!"5!+,' " , !!"$ *!,$-g!$!$!"/ Nd2NN :5422#5226?2#no4.2kr
K ',+,5!"$! !4 '!5",'!,"% ,"!'&! ,UU2fU2^NN+!5! V69925282=2.@228.12.4.9:95?9O249.12ssY;msW;hXX
$ !+ ,(!")$'!5&,$! ,** 1!', !&!$!5 "NNT .529O5>.4E.19.@25252#22D2#68WXXt98#.12:5422#
& ")!"5!+,' $! !(!")&,$ , !-g!$!$!"/ -T2NfT/ 9.45676896O982no4.2kr
K ',+,5!"$! !4 '!5",'!, %'5!"&! ,^2Tf2^NN V69925282=2.@228.12.4.99AO66.6484.49.12
+!5! $ !+ ,& ")!"5!+,' " , !!"$ *!,$ Whk;tYm;hXX.529O5>.4E98#.12529.2#.4.9:5422#
-g!$!$!"/ dT2fU^ 5226?2#no4.2kr
|¤ uvww ³ÇÔ
K ',+,5",'!,$ !"+!*+, +$ *$ ,+!+,!"$! "$,$!+ V6992528268?9O24952.5O.O56879D48728.6.62
+ ") "&!', -2P2NN/ O8#254DD4848.54
¤ ¡xw¡ ¶É
S!&! $!5 " ddf0 S +!5!!" ")!* ,+,+, Z8 kllm;.12 }4D:98> 9AO652# tXeXX~ 2AO6.>
!+,")y !+,") TN0NNz * ,',*!" +!5! !$!+ 4@82516:682?2594D:9862n.19.D2572#98#
1 1 ! ! +!5!!" -(!") 1 )!1 ") "4!&, =29D2LZMr;ZM98#<M;@16152O.2#689
K6̀S/06JS&!"JS0(!") "(1!1*!"$, 1 '"(! #69925282 68 ?9O2 4952.5O.O5687 .5989.648
+',+,5",'!,$ !"+!*+, +$ *$ ,+!+,!"$! ! "$,$!+ 9D48728.6.62O8#254DD4848.549D4O8.687.4
+ ") "&!',+1 +! { df2fP2 j:lkm;m[ke
Page 284
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| µ¶ ¹̧º»¼»»º½¾¿½À½ÁÿÁ¾Ä¶Å¿
|| ùº¸¶½½¾Å½º̧Ã̧ÄÀ̧½
|||q ¹»¶À½¶»¶ÆÀÇ»¹½»Èº̧öÀº
¼¹̧ùÇÃ̧Ƚ¶Ã¶ÀÁÀ¹¶½
| ¡£¤¥¤¦ ÃÉÊ˺ÌÎÌÏÐÌÑÒÓÔÕÖÕÒ×
§¨©|ª¨«£©ª¬£®¦||£¡¨§ ¼ÊÑÌÌ×ÑÌÀÌ
¯¬°¬©¦ ±¨§¨®¬ª² À ÑÌÉÉÌ Á ÊÉÊËÄ ×Ô
³¨¬¬«§©¬´ ¾ÌÉÉ»ÌÑÉ̽×Ì
¤¤| |² | ÕÕúº¸¶¸»¹ÃÈ µÃº̧¹̧ Çõ¸¶ÃÈÔº¸¼¼ÀÄÀ¹ÇÀ
q | || ¼Ä»ÁÇÆùÀ½¹̧À¾¸¶»¼½¾Å½º̧Ã̧ÄÀ̧½
q|q| ùº À¼¼ÀǶ½ »¼ ¶Äù½ÃǶ¸»¹½ ¸¶Æ
q¯°̈§´ ¹»¹Ç»¹¶Ä»Èȹ̧¸¹¶ÀÄÀ½¶½ ÎÊÌ
!"$ %%&' ()$* +,! $ -) /)( Z8>??@A.5989254992..4B0Z8#4C6EO6.F98#656
0 1$ 23,-/", 4 $ ,5,4 /6"57 $* /)6" , $ F9EDO5AG161G9OC2HO28.ID2572#68.4ZJKBA
3)5* 3"$* /) + 6 18: '6)$,63"+/ $ -)+,-,! 52O.2# 68 9 #69925282 68 L9O2 4952.5O.O5687
$,+ , 5 $- /-, 5)-5"/"5,- -, $ 5 )$, - .5989.6489D48728.6.62O8#254DD4848.54
-)()$*)$ +,-)3)- 5;(<=%< 9D4O8.687.4MNPA>Q?e
!"$ %%='3)3)5 ( ()5"- ! $'7 $* Z8>??QA2L2594DN9862AG161G252945D25I
!"+" 6)5"( / $ )$, - $ / )5"- ! $' .12OC6#6956249.12J4DN98ID2572#68.4WZFBe
6)+ /"/ $()$** 3"$* $"- ! /) + 6 R14 < 01296#D25725685292#.122HO6.I4G82516N49
)$** 3"$* $ "- ! )5-)3" 6)$* /,3 / $ .12J4DN98I68WZFB954DX?e??Y .4X[eX@Y 98#
/)()6,+,/ $ - ! 6 )5"- ! $ ( R14 $ ,/ 52O.2# 68 9 #69925282 68 L9O2 4952.5O.O5687
5, -)6"+ S%'%%T 6)$U , SV'S&T $ .5989.6489D48728.6.62O8#254DD4848.54
6)$7)3 3/ $ ,63"+$7 -)+,-,! $,+ , 5 $- /-, 9D4O8.687.4MN@[APX[e
5)-5"/"5,- -, $ 5 )$, --)()$*)$ +,-)3)- 5
;(&V<SV<
R)+,-,!$,+ ,5 $- /-,5)-5"/"5,- -, $ 5 )$, - 012#6992528268L9O24952.5O.O5687.5989.648
-)()$*)$ +,7 $* ,63"+ 5,()+)( - $ - ! 6 49O8#254DD48 48.5428.6.62 9 52O.49
84\8 + !;(VS<&]< #6N4949JF^J19529D4O8.2#.4MN>[XA@_`e
R)+,-,! -()5"3 ! $ )/", -)$, - $ / $ c69925282954D19872682HO6.I49OC6#69562
6( / 5 $- /-, )$* $ /)()$,$* $ 98# 2992. 49.5989.648 G6.1 848d48.54687
$2$()$*)$ +, )5" 6 3)5 - + 5,()$)53, $ 68.252.952D968I954D6O9824982G1952CI
- ! 63 5"2+)!a$, -b$ /)5)$"< 25.968WOC6#69562e
¤f ÕÒÇýƺģº̧À¹º½Ã¹ºÀ¹ÀÄÃÈÄÀ½ÀÄgÀ
h + 6 ;i R0 7 $* , / $ ( $** + t..12tuWF 12#48vO82>[A>?>[98#vOI>>A
Vj"$,%V $j"+,%'7 $*5,- + !$7 )+ ! >?>>G161D68O.2G2524L252#CIw4.9569c22#
, / / $6 -,$*k6 -,$* )$* $b/ l2 5,-l2< w4eP@#9.2#vO82>[A>?>[98#w4e@x#9.2#vOI
& )5 $** +Vj"$,%V $l2<&m )5 $** + >>A>?>> 49yOD99 0z91z986{6#4#4AWe}eFe}e
j"+,% l2 5,- n"6 + 0U !U $,o, 2 2'R<r< FE8A52N2.6L2IA.12195214#259NN54L2#.12
4<r<4/$'( 5 ()6)* $* - ! 6 6)$7)"U",' 944G687A9D4874.125~
$ 5 + ,$s
,< )$ 63 ! $ $* $"6"6 -- + 2+ 3 6e t##6.64899NN54N569.6484952.9682#2958687945
7 $* )+ ! ,)$"/ $()$**"$ $$7 -)3)- 5 7282595225L22919D4O8.687.4MN@A???68
;(&<%%%6 -,$*k6 -,$*( !"$%V $ >?>[98#>?>>A98#
% $
,,< )63 *, $ ,, )$ / - -)U"6+ ! 66e 012 #6.56CO.648 49 91 #6L6#28# 291
6 -,$*k6 -,$*-)U"6+ !;(&] $*/ ()$"! 9D4O8.687.4MN>@`9O9D4O8.N25195245
()5- ! 6 " -)U"6+ !;(<&=<&]%( .4.9687MN>A>@QA@`?68>?>[98#9D4O8.687.4
!"$%V $-)U"6+ !;(]S $*/ ()$"! MN>`X 9O9D4O8. N25 1952 45 .4.9687
()5- ! 6 " -)U"6+ !;(<%<m&m( MN>APP?Ax@x68>?>>AG161G252.9E28954D
!"$%7 $*6 -,$*k6 -,$* , 63,+ 5, 684D2945>?>>98#>?>_9..56CO.9C2.42HO6.I
+ 3 !"$ 3)5U + $ 7 $* ( , 5,3"-,/ $ 14#2549.12N9528.28.6.IA52N2.6L2Ie
/)( ()6,+,/)$, -,$ "/ !"$% $
%<
h,, )$/ -7 $* ,"6"6/ $ $ ,-)"U","$"/ 01291#6L6#28##2952#98#9NN54L2#945.12
!"$% $% )+ ! ,3 7 5-)+"5"!$7 2+)! I295 >?>> 98# >?>_ G252 9OI N96# CI .12
)5"- ! $ ( 3"+ $ j"+,%V $ b*"-"- J4DN98I 68 vOI >?>[ 98# tO7O. >?>>A
%< 52N2.6L2Ie
Page 285
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ±² µ́¶·¸··¶¹º»¹¼¹½¿»½ºÀ²Á»
|| ¿µ¶²́¹¹ºÁ¹´¶´¿À´¼¹
|||q µ·²¼¹²·²Â¼Ã·µ¹·Ä´¶¿²¼¶
¸µ́¿µÃ´¿Ä¹²¿²¼½¼µ²¹
| ¡ ¢ ¿ÅÆǶÈÊÈËÌÈÍÎÏÐÑÒÑÎÓ
£¤¥|¦¤§¥¦¨ª¢||¤£ ¸ÆÍÈÈÓÍȼÈ
«¨¬¥̈¢¤£¤ª¨¦® ¼ ÍÈÅÅÈ ½ ÆÅÆÇÀ ÓÐ
¯¤¨¨§£¥¨° ºÈÅÅ·ÈÍÅȹÓÈ
q||| || ѵôµ́µ¼²¿¹¹¼²¹·¸¹ºÁ¹´¶´¿À´¼¹
! " "$!%$!&'%!(! ")% *$+,- % ;<Z6882.92.49=O>6#6956252?5228..12
/ 0( % ! " "$!%$!&'%!(! ")% 1 %0!(2 2 - ! ?45.64849.1282.92.49.12=O>6#69562.19.
2( !+(/,"( % "$3 + 4 %0",%0 * ,-,% !(2 952 84.9..56>O.9>2@#652.A 4568#652.A@.4 .12
4 %0",%0 $- 2 $+," 5 %67 ! ! %8: <4D?98AB;4.2CEe
F$4 * ! 5,% 1 %0 /$+ 5(+ - 2 ! %00 4 TO5687 .12 A29528#2# T22D>25UC@VWVU 98#
GH$"$*/$+IG2 %IJK,*4 52(L(2$% " VWVV@.12.4.991#6X6#28#?96#.4;<Z>A.12
1 %0 2(/ 1 + % $- 2 &4$5 '%!(! ")% 848Y[14A 4[82# =O>6#69562 9D4O8.2# .4
1 %0 " 5 *%1 !(2 "$4,+,5%1 2(*(4( (&4$5 \?C@]^^@^_W98#\?C@^]W@U`]@52?2.6X2Ae
$+," 5 %* "(%0M* "(%0"$/$" +N-:PQQ:QRI
2 %N-:QPI:GSP:
! " "$!%$!& '%!(! " )% !$+,! * ;<Z6882.92.49=O>6#69562D968A52?5228.
/$+ " 42 +(Fab 2 %'%!(! ")% %1 "$+! a7c .14249=Zdf98#6.=O>6#6956298#Z<gf98#6.
2 %'%!(! ")% %1 : =O>6#69562e
$-$%!(%0 % * !$+( 4 2 +( -$*$0 %0 " 5 * d9.25692hO6.A 68.252. 12# >A 848Y48.54687
%&%-$%0$%2 4(Fab 68.252.68=Zdf
k¥¨q¢¨¨i
££̈¥i ÃÆÍjÆÇ ¡ i ¡ i
µÓËÈÆÇȹÌÅÓÍj ´ÊÆÍÆÍÓÆ ¶ÈÊÈËÌÈÍÎÏÐÑÒÑÎ ¶ÈÊÈËÌÈÍÎÏÐÑÒÑÑ
lF 4(*aL&* " + ! * l/ a%2&%$"( GRJmn GRJRn
¤¦i¿ËÆ
¡ i ¶È ¡ i
¶ÈÊÈËÌÈÍÎÏÐÑÒÑÎ ÊÈËÌÈÍÎÏÐÑÒÑÑ
F 42& ,*,4 "( $-$%!(%0 %%&%-$%0$%2 4(o
rODO9.2#>998249848Y48.5468768.252. :S:SQ :Im:RRR
|¦¤§¥¦¨ª¢
|i
¸ÆÍÈÈÓͼȶÈÊÈËÌÈÍÎÏÐ
¡ ¡
s / ! 5,%/$+K 4 %1 %02 - !2( !+(/,"( % $- 2 $-$%!(%0 %
%&%-$%0$%2 4(oZ84D2945.12A2959..56>O.9>2.4848Y48.5468768.252. RI:G mQS:mR
N(%0 " % (%t&+* "( $, %0 % 2 +('%!(! ")% 012 ODD956v2# 9689869 68945D9.648 49 .16
!$+"$/,!2(" K( % /$+( ,!(%(J/$+2 " + % K,*4 5 =O>6#695A6?54X6#2#>24[@>92#489D4O8.
"$/$4,*$4(*(% "( %! +M-$+," 5 %u >2945268.254D?98A26D689.648w
N(%0 " %4 -&+ %-&"("( $, %0 % &%"&4(2 "( %: =ODD956v2# 4846#9.2# .9.2D28.499689869
?46.648e
¶È
Ê
ÈËÌÈÍÎÏÐÑ¡ÒÑÎi ¶È
Ê
ÈËÌÈÍÎÏÐÑ¡ÒÑÑi
)"$!4 %3 + R:SRP:SRQ I:mm:SQS <O5528.92.
)"$!!$! -6!(2 4 %3 +8 S:QGQ:RQ R::G x6y2#92.B848YO5528.E
;48YO5528.92.B82.49
)"$!!(2 4 %3 +6"$4 (% "$!!$! -8 P:GQQ:mRQ P:mS:PI 96y2#92.E
s( /(4(! "K %0 -$%2$ 6R:m:8 6R:mPI:Sm8 <O5528.69>66.62
s( /(4(! "K %0 - %K %0 6G:SSI:Gm8 6:mSm:Rm8 ;48YO5528.69>66.62
|k£¥¤£̈ z ¡{ } ~z ²ÆÓ Èj
H - !2( !+(/,"( % $- 2 u r..56>O.9>2.4w
$*(4( $%!(! "(%2, Q:GGP:SG P:SG:GP [82549.12?9528.
$-$%!(%0 %%&%-$%0$%2 4( m:GSm:IRG m:GGm:RPP ;48Y48.5468768.252.
Page 286
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
hijklmnmmlopqorostqspuivq ¡¢£¡¤¡¥§£¥¢¨©£
ltkrkijitotktqkwt §¡¡¢©¡§¨¤¡
xtititktitoythmutk ¤¡ª¤«¡¬§¤
qrptkztkqmkomyjltojtk §«§¬¡§¤¥¤¡
i|}~~|l |} §®¯°²°³´°µ¶·¸¹º¹¶»
p}i|}|}~v|||i|}~~|i ®µ°°»µ°¤°
l||}||||}u| ¤ µ°° ¥ ®®¯¨ »¸
q|l}|||}y|} ¢°°µ°¡»°
tq qkh titotori krim rkijitotktq ¹« ¤ §¡¡¤¡ ¡¢©¡§¨¤¡
|}|} ²®°
!" $" %"& '"% $ !" ! (")"$ 49.256925O6.6 68.252. 12# 76 848848.54687
* ! '"&+,-/0&" 12 " 3 68.252.68:Z4;<48.68O2#=
> !?"(" &" *%" &"@" %2! '" !)"(&" :ODD956C2#4846#9.2#.9.2D28.49E5496.454
?*$ % ) (A&" ?* (*&'"(" B 98#4.1254DE521286F2684D2
i|}|}~v|||
i|}~~|l G
®µ°°»µ¤°°²°³´°µ¶·¸
/ 12"&" BHHBIJ KBKLIBI :92
M @" *?*? 12"&" 0BIIBIK3 0JBINBHJL3 P4.49744#4#
y| | Q RST TUV Wµ® µ®¯
X"@"Y0%2!3[" ! $@2&'"% %2@")" ^968_<4=956687954D1987268
&"\"1"%" "("( @*&*!( B]KJ 0JB3 9965F9O249764476992.
M @" 12"&" '" '( %@2( 0I]]BKK3 0ILBK3:268798##6.567O.6482`E282
^2825998#9#D686.59.6F2
M @" 2$2$'" "'$ ( %"( 0KJBI3 0KJB]NJ3 2`E282
/ !)"(&" * %"(&" K]BKH JKBNN a.1254E259.687684D2
M @" * %"(&" 0I]BHJI3 0LNBIK3 a.1254E259.6872`E282
y| ||| UTS US ²®³°¯µ®³® °µ»®
/ !)"(&" ? 2" !" KIBKK LJBNK] b68982684D2
M @" ? 2" !" 0LBNLL3 0LBL3 b689822`E282
M"!" " "(&"@"Y0%2!3 * "( :19526882.7968_<4=49
"(*("( B]IJ BLJ 9469.2
y| | |}|| ²®³°´°¯®µ° ²®³°»
}~||} SVTSU UTUST ° °°
M @" "1"? !)"(&" 0NHBL3 0]]KBJ]3 Z84D2.9`2`E282
y| ||} ||} UTVVS RUTR ²®³°¯®µ°c°»µ
h}~||}Q}d|}|} °µ²®³ µ°°f° ²®³°
||}||| RVV VSV ¯®µ°c°»µ¸°®¯»
iQ|}~||}Q}d|} ®» ²®³ µ°°f° ²®³°
||} URR TRVVU ¯®µ°c°»µ
Page 287
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
jklmnopoonqrsqtquvsurwkxs ¡¢¡¡ £¤¥£¦£§©¥§¤ª«¥
nvmtmklkvqvmvsmyv © ££¤«£©ª¦£
zvkvkvmvkvq{vjowvm ¡¦£¡¬¦¡£¡®©¦
strvm|vmsomqo{lnvqlvm ¢©©®£©¦§¦£
k~~n ~ ©¯°± ²´²µ¶²·¸¹º»¼»¸½
rk~~x~~~k~~k ¢°·²²½·²¦²
n~~~~~~w~ ¦ ·²¯¯² § °¯°±ª ½º
s~n~~~{~ ¤²¯¯¡²·¯²£½²
vs smj vkvqvqtk mtko tmklkvqvmvs » ¦ ©££¦£ ¡¢ £¤«£©ª¦£
~~ ´°²
!" $" %"& '"% $ !" ! (")"$ 09.256921O6.2 68.252. 12# 32 848448.54687
* ! '"&+,-/ 68.252.68Z567
{;~ j~8
m~~t~ v~8 °·:°± n 8 n 8
½µ²°±²£¶¯½·: ´°·°·½° ²´²µ¶²·¸¹º»¼»¸ ²´²µ¶²·¸¹º»¼»»
+,-/ + '* (" <=>? <=>?
~8©µ°
n 8 ²´n 8
²´²µ¶²·¸¹º»¼»¸ ²µ¶²·¸¹º»¼»»
@"&'*"AB$B&"(A !" * ! '"&C
EODO9.2#3998249848448.5468768.252. <FGHF GFIHJF>K
k~~x~~~
k~²
¢°·² ~ n
½·¦² ² 8·¸¹º
´²µ¶²
L"M" ")B M %N"&" P" !'" " '" %MB(A" A "'"A !"
* ! '"&CZ84D2945.1222959..563O.932.4848448.5468768.252. FJHIFG>G G<JFI>
Q !A"(" &" *%" *((A B" !" A* (*&'"(" F RODD956S2# 4846#9.2# .9.2D28.499689869
T46.648e
²´n
²µ¶²·¸¹º»¼»¸8 ²´n
²µ¶²·¸¹º»¼»»8
U( &" V"% JHFJFKH> JFIIFJH> 5O5528.92.
U( " W '"A&" V"%X KFIF< KF>IF<K Y6[2#92.\8484O5528.]
^484O5528.92.\82.49
U( '"A&" V"%W( &" "( " X HFGFII H<FKFJI 96[2#92.]
L"M& "(N" !A" ' A WIFKHKF>X WIFIJJF<J>X 5O5528.69366.62
L"M& "(N" !A" " N" ! WKHFH<GFGGX WKF<GF><KX ^484O5528.69366.62
k;~~ _ `aaa °½ ²b:
c" " '" %MB(A" A "'"d E..563O.932.4f
/ $&A "( 'BA KIF>IFH< JHF>GF> gh82549.12T9528.
!" * ! '"& FJ>JFGHK IF<>KFK<H ^48448.5468768.252.
Page 288
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972c
efghijkjjilmnlolpqnpmrfsn ¡¢¤ ¢¥¦
iqhohfgfqlqhqnhtq ¤¦¤¥¡
uqfqfqhqfqlvqejrqh ¡§¡¨©¤¡
nomqhwqhnjhljvgiqlgqh ¤¨¤©¤¡¢¡
fyz{{y|}~i }yz ¤ª«¬¯°±²³´µ¶·¶³¸
mzfyzyz{syyyfyz{{y|f «²¸²¡
iyyzy|yyyzry ¡ ²ªª ¢ «ª«¬¥ ¸µ
ny|izyyyzvyz ªª²ª¸
qn nhe qfqlqlof hofj ohfgfqlqhqn ¶¨ ¡ ¤¡ ¦¤¥¡
|yzyz ¯«
!" $" %"& '"% $ !" ! (")"$ 49.256925O6.6 68.252. 12# 76 848848.54687
* ! '"&+,-/0&" 12 " 3 68.252.68Z:;<=48.68O2#>
? !@"(" &" *%" &"A" %2! '" !)"(&" EODD956F2#4846#9.2#.9.2D28.49G5496.454
@*$ % ) (B&" @* (*&'"(" C 98#4.1254DG521286H2684D2c
fyzyz{syyy
fyz{{y|}~iI
«²¸²¡¯°±²³´µ
}
/ 12"&" JKCLMLCLM JNCKLKCPJ E92
- A" *@*@ 12"&" NCKQCJN NQCMMPCQM :4.49744#4#
vyyR S~ TT ~UV WT X²«ªª ²«¬
- A" 12"&" '" '( %A2( 0KCPQCQ3 0JCLLCJQ3 E268798##6.567O.6482YG282
[2825998#9#D686.59.6H2
- A" 2$2$'" "'$ ( %"( 0CLCNL3 0CQPCPP3 2YG282
/ !)"(&" * %"(&" NCQ CQCKP \.1254G259.687684D2
- A" * %"(&" 0MCMNN3 0JKCJKN3 \.1254G259.6872YG282
vyyyy ~}WUTU ~}}UUTT ¯«°¬²«°« ²¸«ª
/ !)"(&" @ 2" !" CNLNCL NMCLP ]68982684D2
- A" @ 2" !" 0CMNCKQ3 0JCNCLJ3 ]689822YG282
/"1"@B "&" "( !)"(&" A2 !" 0LPCLPN3 0QPCM3 ]689.9Y4868.252.684D2
-"!" " "(&"A"0%2!3 * "( E19526882.7968=4>499469.2
"(*("('" ^ 2%"A %("$" 0CQJCNNP3 KCPQ 98#_468.H28.O52
vyy|yzyy
z{y|yz ~~TV} US S}WS ¯«°±¬«² ¯«°¸ ª
- A" "1"@ !)"(&" 0CLKLCPKM3 0CMQCL3 Z84D2.9Y2YG282
vyyyzy|yz WTS~ } SU ~V ¯«°¬«²`¸²
²¯«° ²ªb ¯«°
ez{y|yz{Rza|yz «ªªª¬«²`¸²µ
yzy|yz|yyy TUVWS }}V «¬¸
fRy||yyRzayz «¸ ¯«° ²ªb ¯«°
y|yz UWSU~}W TTSWT ¬«²`¸²
Page 289
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
quvwxyzyyx{|}{~{}|u} ¥¦¨©ª«¬««ª®¯°±³¯±®´¦µ¯
xw~wuvu{w}w ³©ª¨¦®µª̈³̈´°̈
uuwu{ qyw ©«¦°¦«¦¶°·«©«¸ª̈³¦°ª
}~|ww}yw{y vx{vw ¬¨©³©·³̈¸¦³¦°±°©¦
ux ³¹º»ª¼¾¼¿À¼ÁÂÃÄÅÆÅÂÇ
|uuu ¬ºÁ¼¼ÇÁ¼°¼
x¡¢ ° Á¼¹¹¼ ± º¹º»´ ÇÄ
}£x ¤ ®¼¹¹«¼Á¹¼Ç¼
q~{x{ ŵ³¨·°³´©¨©¥°´¶³´°
!"$% &' ( )* !"$+% , - +$ - )% 012#2.9649196295868722519524D2O.9.648
+"* ( *"$ /'&0 952994434
u ¡8
xx u{ {x
q~v5 ¤5 ¤5
¨¾º¿¼»ºÁ¼¼ÇÁ :¼;¼³<¼ÁÇ;¼ µÇ¹¾°ÇÁ;¹ ¼Á
³ÁÀÇÀ¼º°67 ©¿À¼Áº»ÇÁ¼¹ ÇÁ¼
¶º¼Á¹º»¼¥ÇÁ¼°7 » Ç¿º » Ç¿º
u
x5¼ÇÁ°¼ª¼¾¼¿À¼ÁÂÃÄ
=>?@ =?=>A @=
A@@> =?=>A ?>
B"$'+% & - / ,",!' C "E"/ *"$!F&" + 012L4D298M19844O..98#68724.28.69#6O.6N2
+% , * + C ( *"$+ E& - )'& E ! - 45#6895M19529.52245.687#9.2eP45#687MQ84
& (( )G& (( )!")!F$ HI)"% /$" CJ)* #6O.2# 2958687 2251952 952 9O9.2# 98#
!"$+% ,- )'+ & - /- % &' (- - +K / ! - 25228.2#68.124846#9.2#.9.2D28.4925496.45
)!F$ )* $'( - !" (% + ) /F,!$"%" + E) 498#4.1254D2521286N2684D2e
/F +F) - + H
Aq~w¡| ww~uy ÅR©°¦³¸°
!" K' ) "&F - )%+"* ( *"$ /'&0 012#2.964982.92952994434
uu
x5
¬ºÁ¼¼ÇÁ°¼ª¼¾¼¿À¼ÁÂÃÄ
B % //"& ( STHTTUHVVW SHVVXHSTV 0165#295.62
B % /*"$")+ Y[ && T\ UHT]WHUTV HSXXHTX ^29.2#295.62_`4.2abc
ud ?A =? ¦ºÇ
f"), &%' C ( *"$/% $ ! - & (( )T iO5687 .12 M29528#2# i22D125abQjkja 98#
g"+",*"$ST - SJ& - / - &$ +/+ jkjjQ.1252 3252 84 92 D9#2 .4 98M 6872
!" K' ) /"! - +&'!") (( -" ( K',)% O.4D25 36.1 9 ODO9.6N2 9D4O8.2l22#687
!" K' ) /',')& E,")"* % SJSSh- $ !" K' ) bkekkm49.124846#9.2#82.92e
"&F/F +F) - + H
!" K' ) - $ /")F,!F/ !$F-'/ '&, 012#2.964992225D968254#O.754O2952
- +K / - ), EF$, + +"(," Y[ && T]\H 25228.2#68.1227D28.68945D9.648_`4.2ance
f E&- $ %'*' ( - &$ +/+ &$ o$'! 01289.O5249529.64816298#.5989.64849.12
-" ( ! % /G! % / *"$")+ - K")+/ ! - r54O236.1529.2#295.629522l29682#68`4.2abe
[ && TH
s$ +/+ !" K' ) &$ o$'! -" ( t92.5989.64849.12r54O236.1529.2#295.62
! % /G! % / *"$")+ - )/'/ -" ( 952D9#29.97522#2562.19.952728259M6D695
," ((' / % $( C (- +"! /& C (+" $ .4922562.4.165#295.62e
',', % ,! $ +, -" ( % $( !" K' )
/"! - ! % //"& ( H
Page 290
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q| | ±² µ́¶·¸··¶¹º»¹¼¹½¿»½ºÀ²Á»
|| ¿µ¶²́¹¹ºÁ¹´¶´¿À´¼¹
|||q µ·²¼¹²·²Â¼Ã·µ¹·Ä´¶¿²¼¶
¸µ́¿µÃ´¿Ä¹²¿²¼½¼µ²¹
| ¡ ¢ ¿ÅÆǶÈÊÈËÌÈÍÎÏÐÑÒÑÎÓ
£¤¥|¦¤§¥¦¨ª¢||¤£ ¸ÆÍÈÈÓÍȼÈ
«¨¬¥̈¢¤£¤ª¨¦® ¼ ÍÈÅÅÈ ½ ÆÅÆÇÀ ÓÐ
¯¤¨¨§£¥¨° ºÈÅÅ·ÈÍÅȹÓÈ
q| «¬¤£° ѵ¼²¹¿Ä¼¹ ÊÆÈ
¬¨q¥ ±ÈÍÇÆÍËÓÊÈ·Ì ÓÆÅ
!" # % & '( # # % ) *+,%- / #0 012<25945D9824=679.64849.12>54O<?@161
1 #2 ',% %+3),'4%+3),' / #0 5 +, &-)!% #,6! 4A25.12 <54$O. D28.6482$ 4$ <54$O.?952
% ) ( 5% #0!+!1 #) +!&3' (!*+,% 5 ,% ) 9.6962$O<4816<D28.954D.12>54O<B49.64845
% #/ + 6 # " + #0 )!&3' (!% & #00 # ( (, ! O<48 $26A25C 49.12 744$ 9..12 O.4D25B
% +(/ + 5 # ) & 1 '3#5+ '7 8 #0' '5, 49.648997522$ 68.1248.59.e012.25D 49
% 1" / + #/ #0)!5 5 %' #% ) '3#5+ ' ) & 6 <9CD28.6728259C$O2@6.168E.4FG$9CO<48
#5 + ( 1% ! :; 6 +! ( 5 & 6 ' !" # 9O96D28.49.12<25945D9824=679.648e
% & '( # #)!% #,6!7
Hq q ÑI÷¹²·¸J··¶¹¹·Ä¶
K!#2! # " " # %3'3' % #, & # ) & 6 ( " 0 ! 012$2.96494.49744$4$9529944@M
" +!',5L
|¦¤§¥¦¨ª¢|
N
¸ÆÍÈÈÓͼȶÈÊÈËÌÈÍÎÏÐ
¡ ¡
P 6 #" ',/ #0)!0,# ' # ;Q7RST7;U ;U7QS7U V9@D9.2569O2$
P " #%+3),'(! R7RU:7: R77QU W54$O.6482X<282
Y35 &" " #%+3),'(! U7U::7: U;7:;T7::Q 04.9D98O99.O56874.
[ +( )! #" + #0) & 1%+3( ( \45]68^<54268A28.4562
_ &5 6,# Q:7UU: Q:Q7RU; `.=2768868749C295
_'6!+5 6,# aQ:U7:U:b aQ:7UU:b `.28$49C295
P " #%3'3'%+3),'(! U7U7: U;7:SU7;: c4.49744$D98O99.O52$
[ +( )! #" + #0 )! d68612$744$68A28.4562
_ &5 6,# ;7R7:TU :7;UQ7U:; `.=2768868749C295
[ 1" &! # Q7TRU7T:R Q7ST7RQ WO5192
_'6!+5 6,# a:7RSU7SUb a;7R7:TUb `.28$49C295
|f£ Hggh Higigj ²ÆÓ
Y!) ' ) 5+ #( '(!% 1" &! #) +!( 5,% 1 (3' 01252@984<O5192.5989.648954D98C6872
) #0 # ,1& 6 % 1" &! # ',1,& 5!k 1 & "!6! O<<625 @6.1 9 ODO9.6A2 9D4O8. 2X22$687
-l ) +!% #, & ## 53'3#(3&!) (! #-' 2, &! Esesst 49.124846$9.2$82.92?2X2<.945
% 1" &! # 0 #),1 ) +!m3!5n _(! [5 7 o5)7- @129. <O5192 954D u4v6.w `69 W.2e x.$e?
m!#0 %,+ am3!5nb78,1& 6 % 1" &! # ) +!m3!5n u6879<452yu4v6.wze04.9<O5192954D u4v6.w945
,#5,' 5 6,# / #0 " + '6!+ % ) 5 #00 & .12 C29528$2$ {22D=25}E?~s~} 52<5228.
r ( 1" +QQ ) & 6:-U:l ar ( 1" + EFeFt y{22D=25 }E?~s~~ME~eEtz 49.12
QQQLQ-Ulb) +!% #, & ## 53'3#(3&!) (! # 4846$9.2$82.9249.12529.2$C295e
5 6,#5 +' !57
Y+ #( '(! % 1" &! # #5 + *+,% ) #0 # 012<O5192.5989.64849.12>54O<@6.1529.2$
%!6 '4%!6 '" + & (!)! & (' #% ) 5 5 #7 <95.62952$642$684.2}Ee
Page 291
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q|~ | ®°±²³´³³²µ¶·µ¸µ¹»·¹¶¼®½·
|~| »±²°®µµ¶½µ°²°»¼°̧µ
|||q ±³®¸µ®³®¾¸¿³±µ³À°²»®¸²
~~ ´°±»±¿°»Àµ®»®¸¹¸±®µ
| »ÁÂòÄÆÄÇÈÄÉÊËÌÍÎÍÊÏ
¡|¢ £¡¢¤¦|| ´ÂÉÄÄÏÉĸÄ
§¤¤̈¡© ¦¤¢ª ¸ ÉÄÁÁÄ ¹ ÂÁÂü ÏÌ
« ¤¤£¡¤¬ ¶ÄÁÁ³ÄÉÁĵÏÄ
q©~|~~ª ͵¸ÀÀ°± »±² ²°µ®¼°½¶®°³± ¸¸±µ¸µÌ
~~|~ª q~ ¸±¸¼»À»±² »²¹°±°µ®¼»®° ¸¸¸±µ¸µÌ
q~~q~~ ³®¾¸¼ ³¸¼»®°± °±¿³¹¸ »±² ³®¾¸¼
³¸¼»®°±¸¸±µ¸µ
|¢ £¡¢¤¦
´ÂÉÄ ÄÏÉÄIJÄÆÄÇÈÄÉÊËÌ
!"#% #&'"("#)"#*+,-/+!',+ 0268798$16.562O.648345282
% #6"#67'-"#)"#8 #"#6"#"# :;<=:;<> :;>:<;? @52671.98$198$687
A7("#)"#8/BCB,+ E:;F:E< E:E>=:?> G$H25.668798$554D4.648
I"&+J'8"K)"#+C!"("#7/&"7"/L"M"# :N;:<<F :>:F= 099562PQ97298$2D54R22228296.
SO.4O5687 FF>:F<; F;:=N SO.4O5687
*+,-/+!',+ FE=:=;F ;?>:;? 16.562O.648
"/"#6/',"7 ;>:?< <;N:<=? T9$744$
% #L','-"#", ---"8UV"-"-"#EW =F:??< >F:;= 1255269.6489642$92.XY4.2[\]
% #L','-"#", -K"76'#"UV"-"-"#W =:N;? ==:;NE 1255269.6485671.49O292.XY4.2[[]
%"&"7 7,8B/J")C+#+,-/",+7,8B/J8"&"7 34545..94P24545.9$D686.59.648P4.125
("+##L")"#8 /+&+#"# ;E:?E =N:<?> .94298$6282
^ M" <:F FF:;< _28.9
% /&"("#"#)+#",)"#-/"#,8B/-",+ ?:N?; <:==> TO682.59H298$.598545.9.648
% /!"+7"#)"#8 C (+K"/""# ;:EN ?=:=FN _2596598$D968.28982
`"+#a("+#UC",+#6aC",+#6)+!"M"Kb8;?:???W <=?:== <E<:>N S.125X291224Q_5cdPddd]
|fq¨¤¤ ¤ ghg ijj ®ÂÏ µÄ kϲÁÉȸ ÄÁÄÁ
!"#lC'C)"#m)C+#+,-/",+ n2825998$G$D686.59.6H2345282
I"&+J'8"K)"#+C!"("#7/&"7"/L"M"# :?;:?== E:>NN:EE 099562PQ97298$2D54R22228296.
o"#66'#6&"M"!,B,+"(8 /',"K""#J r455459.2469525486266.RP
,'C!"#6"#J/8/, #-",+J&"C'"#J $489.648P5255228.9.648P
)"#!+"L")+/7,+ ;<?:>E FN:>; 28.25.968D28.98$$652.45s922
% #L','-"#", ---"8UV"-"-"#EW E:EF E<:?<F 1255269.6489642$92.XY4.2[\]
l-+(+-",J8 /!"+7"#)"#8 C (+K"/""# E?:>?= E;:N=F t.66.62P52596598$D968.28982
SO.4O5687 E;:>N> E?<:FN< SO.4O5687
%"&"7)"#8 /+&+#"# EN:>> ;<:;E 094298$6282
u","-#"6""K(+ ?N:<<? ?:;FE 021869245282
^ M" ;=:N ;?:;; _28.9
% /&"("#"#)+#",)"#-/"#,8B/-",+ ;?:E =E:=N TO682.59H298$.598545.9.648
% #L','-"#", -K"76'#"UV"-"-"#W =:<;; >=:E>? 1255269.6485671.49O292.XY4.2[[]
`"+#a("+#UC",+#6aC",+#6)+!"M"Kb8;?:???W E=:>FN E<>:N< S.125X291224Q_5cdPddd]
®ÂÏ ÄÄÉÏ Ï»Ç ÁÉÏwÄ
|f ¤¤¤ vhgv jijvj ¸ ÄÁÄÁ
% #6K",+("#x8 /",+`"+# S.125S5259.687Z84D2
% #&'"("#!"/"#6! 7", EF:?> :FEE 09249595D9.2569
% #6K",+("#/BL"(-+)"#-7#+, N?:N?N E:?<F _4R9.R98$.21869684D2
`"!")"/+8 #&'"("#", -)"#8 /, )+""# =N:NNF >:<F> n96848924992.98$68H28.4562
% # /+C""#/BL"(-+"-",8 #66'#""#-"#"K FE:E<? =;:E? _4R9.R5226H2$954D98$O972
`"!"# -B"-",, (+,+K#+("+-'7"/C"-"'"#6 Y2.79684894526782419872$69925282
",+#6)"/+"7-+y+-",B8 /",+)"#("+##L" a :EF:?FN 954D45259.6879.6H6.6298$4.125
`"+#a("+#UC",+#6aC",+#6)+!"M"Kb8E;:???W <=?:NF <?:F?F S.125X291224Q_5\cPddd]
|fq¢¤¦¤¤ hijh hj ®ÂÏ ³Äɳ ÄÉÏk°ÆÂÇÄ
!"#x8 /",+`"+# S.125S5259.687345282
b'6+# -B"-",, (+,+K#+("+-'7"/C"-"'"#6",+#6 Y2.424894526782419872$69925282
)"/+"7-+y+-",B8 /",+)"#("+##L" >?:EE a 954D45259.6879.6H6.6298$4.125
b'6+"-",8 #'/'#"##+("+)"#8 #6K"8',"# ZD5965D28.98$Q56.249949
",---"8 =<:<= ;N:< 9642$92.
mCB/-+,",+",--"7! /M'&')UV"-"-"#W :E> :E> GD45.6z9.6484968.98762292.XY4.2[{]
% #L+,+K"#8 #'/'#"##+("+8+'-"#6 }54H66489456D5965D28.4959D9
8(",C" F:E;F FN:>< 5226H922
% #'/'#"##+("+744$Q6 F:?< ?<:F>; ZD5965D28.49744$Q6
`"+#a("+#UC",+#6aC",+#6)+!"M"Kb8E;:???W E<=:EN= >;:E S.125X291224Q_5\cPddd]
|f¦¤¤ vgvh hvgih ®ÂÏ ³Äɳ ÄÉÏk¸ ÄÁÄÁ
Page 292
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
qx|wx~}xx Æ ©ª´ª¸±©ª¸¬²±
! "$ % & '!( " ) & $ %!* " 012#2.9649968982684D29529944/0
*!+ '(,-
vv
y1
»Â½½È±½«½¿½ÀÁ½ÂÃÄÅ
2! "$ % & *( " 3453675 8:734 Z8.252.684D2
; * !,< , %%!& % $ & ,(' += , ( " @2.79684894526782A19872
% ") + ', > , % ! ) 5737 ? #69925282954D968986879.6B6.62
vC EFG FEG §»È
x~}xx ÃÇ ©ª´ª¸±±H¦±ª®±®
*!* '!( " ) & $%!* " *!+ '(,- 012#2.96499689822AI2829529944/0
vv
y1
»Â½½È±½«½¿½ÀÁ½ÂÃÄÅ
J!* *( " ) *!* * ' 34::366 35364 Z8.252.2AI28298#K98L19572
J!* *( " , %& * & , %%!M 8345 38 Z8.252.2AI2824829269K66.62
(" !,< , %%!& % $ & ,(' += , ( " @2.424894526782A19872
% ") + ', > , % ! ) ? 436:36:6 #69925282954D968986879.6B6.62
vC FGEF NPP §»È
vx|~|wyxxqw~Qqw~|w ÃÄ §µ´ª®´¸§©¬ª®R©§·µ±¹´§±«¦´µ§©±®
S & = '!" , (% $ <+= &TU+( =!& '(' Z8 .12 845D94O52 49KO682X.12 Y54OI
,+ % '% (% $ ) '!( " )! " $ '? $ ' 28797268 .59#2 98# 9689869.5989.648/6.1
*!+!& % ,!+,! ,(3V W ,) + $(*( " U+( )! " 25.968529.2#I95.62e01289.O5249529.64816I
$ '? $ '*!+!& % , + & %!* " *!+ '(,- K2./228.12Y54OI98#O1529.2#I95.62O19
944/0
3 [\]S\T ^\]2T ) S2_2 =!+( ' 6e cZdfZXgZdh98#fhih9529469.2#28.6.j
= % "?= % " ! , , % %<% % ) >! ,(+ 98# k468. B28.O52 28.6.62X 52I2.6B2j
*!+% = `a , , b3 l@4.2mne
3 V!&(+($ $ '*!+!& % %!& o ") %!*(,' 66e c529.2#I95.624.125.198.142D28.6482#
) & = *(, +` b) , %T=!= ( o $(*( " 686.2D l6n9K4B2952999669.2#/6.1.12Y54OI
W & % )! " U+( =!& &( '! != & ' * ' 26.125.154O71#652.4568#652.98#t454DD48
%! + & "%( " = ( ( , ) ' & "%( " 1952 4/82516IXI95.6O95j /6.1 .12 u96D
) r , ( '! != & ' o " % = T,!+(, = 99D6jX454DD48D98972D28.e
)! " '!&( +" V & =T , ( =!& &(
= s!=! o "% = 3
Page 293
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ´µ·¸¹º»ºº¹¼½¾¼¿¼À¾À½ÃµÄ¾
|| ¸¹·µ¼¼½Ä¼·¹·Â÷¿¼
|||q ¸ºµ¿¼µºµÅ¿Æº¸¼ºÇ·¹Âµ¿¹
»·¸Â¸Æ·ÂǼµÂµ¿À¿¸µ¼
| ¢£¤£¥ ÂÈÉʹËÍËÎÏËÐÑÒÓÔÕÔÑÖ
¦§¨|©§ª¢¨©«¢¥||¢ §¦ »ÉÐËËÖÐË¿Ë
®«¯«¨¥°§¦§«©± ¿ ÐËÈÈË À ÉÈÉÊà ÖÓ
²§««ª¦¨«³ ½ËÈȺËÐÈ˼ÖË
| qq Ñҵø¼ÂƵ·º¸¼ ·µÅ ÿǵ¿¹ ´Âõ·¿¼
®¯§¦³ ÍÉË
!" ! $!% &'%!'(' ! )!%! 012 67869698. 94O8. 19982 26.1 529.2#
*'+ "*'+ ,)-) &'!/- '!&),%',)-' /0 395.62O1994424
q¢¦¦¢©¥|5¦¦6
|5¦ ´ËÐÍËÖ7ËɵÉÖ ÂÈÈËÈ
¢£¤£6 ¢£¤££6 ¢£¤£6 ¢£¤££6
¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ ¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ
q«§¦© ÂÍÍÉÈÃËÍË8ÖÏË:µÐÖË
;!/'/&& &'&' !<)!/- >469.298#?468.
,)-&= @28.O52
ABCB EFGHHI JKGHLF KMKIN KMKLN PQRQ
B'+ S)-) &'T'!!$ U.125V29.2#Q95.62
BWX! =-Y B-'&=/=[XBW\ LEFGIJJ EGHKE KMKN KMIN Q0Z8#4D954Q56D9.9D9]ZQ0^
BWX!/'_ -` _'/-[X__\ IJGaEI LHGFI KMJN KMaKN Q0Z8.6b9c59299b6.59]Zbb^
BWT' ! *)-'! [T\ FKGaEJ ELGI KMKIN KMKIN Q0d648fO32568#4]df^
BWg'** !X! &-'_ -*'! W, Q0h63348Z8#4956
[gX_\ IJGHKK EIGJLL KMKN KMKIN b45368#401c]hZb^
+!%+'i)& -Y)&
X!/)-!/' ! W- '!%_ GT/ GM f1987196V24O52Z8.2589.6489
[iXW\ KGIJE aJGFEI KMKN KMaN 059#687b4ed.#ej]fVZ0^
'=kl-!S&+-$C f96Do9r9598s9195t
_ GT/ G[mkmSmn\ KGL GaIK KMKN KMKKN R44#b4ed.#e]f>o>s>fu^
T'!" '! aLGaEJ EKGKa KMKN KMKIN U.125
|5¦ v¤ww xyv¤¤ ¤±wz ¤±{z µÉÖ
q¢¦¦¢©¥|5¦¦6
|5¦ ´ËÐÍËÖ7ËɵÉÖ ÂÈÈËÈ
¢£¤£6 ¢£¤££6 ¢£¤£6 ¢£¤££6
¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ ¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ
q«§¦§¨© ÂÍÍÉÈÃËÍË8ÖÏË:¸É:ÐÖË
;!/'/&& &'&' !<)!/- >469.298#?468.
,)-&= @28.O52
ABCB aEKGLaE aHLGLEE KMIN KMEN PQRQ
B'+ S)-) &'T'!!$ U.125V29.2#Q95.62
}-$`! EIGaF HaGEEI KMKN KMKLN ~D34t22
'=kl-!+$C C f96Do9r959891t9R44#R
BT_[mkmm\ GLL aEGHE KMKaN KMKN Qdb]f>o>>^
mkmSmn FGFJ EGHEH KMKN KMKKN f>o>s>fu
T'!" '! JGH EGHK KMKaN KMKN U.125
|5¦ x£wv{ x{x ¤±££z ¤±£z µÉÖ
Page 294
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ´µ·¸¹º»ºº¹¼½¾¼¿¼À¾À½ÃµÄ¾
|| ¸¹·µ¼¼½Ä¼·¹·Â÷¿¼
|||q ¸ºµ¿¼µºµÅ¿Æº¸¼ºÇ·¹Âµ¿¹
»·¸Â¸Æ·ÂǼµÂµ¿À¿¸µ¼
| ¢£¤£¥ ÂÈÉʹËÍËÎÏËÐÑÒÓÔÕÔÑÖ
¦§¨|©§ª¢¨©«¢¥||¢ §¦ »ÉÐËËÖÐË¿Ë
®«¯«¨¥°§¦§«©± ¿ ÐËÈÈË À ÉÈÉÊà ÖÓ
²§««ª¦¨«³ ½ËÈȺËÐÈ˼ÖË
| qq Ñҵø¼ÂƵ·º¸¼ ·µÅ ÿǵ¿¹ ´Âõ·¿¼
®¯§¦³ ÍÉË
!"$ !" % "& '(&"()( " *"& " 012 67869698. 94O8. 59982 66.1 529.2#
+(, $+(, -*/* '( "0 / (" '*- & (-*/(!01 795.62O1994468:48.68O2#;
2 "3!0 "4
q¢¦¦¢©¥|<¦« ««¦=
|<¦ ´ËÐÍËÖ>ËɵÉÖ ÇÖÏ ËÈ
¢£¤£= ¢£¤££= ¢£¤£= ¢£¤££=
¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ ¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ
¦© µÐÖË´Ö?ÖÏËÈ
@"0(0 ' ' '( '( "A*"0!/ C469.298#E468.
-*/' B F28.O52
GHIJ KLML NPMQQ PRPST PRPKT UZVW
J(, X*/* '(Y (""% U.125[29.2#W95.62
J\](B- I!0( / ^!'!B W0[6D59VO.6959_OOD9
2]I^4 MSSS MNQ PRPT PRPT :[V_;
J\` , " H"0(* / ' QMPQ LMNQ PRPT PRPQT W0a91989Z8.6b2959
Y ("$ (" KcMSLQ MKL PRPST PRPT U.125
|<¦ d¤ffg hi£g ¤±£j ¤±gj µÉÖ
q¢¦¦¢©¥|<¦« ««¦=
|<¦ ´ËÐÍËÖ>ËɵÉÖ ÇÖÏ ËÈ
¢£¤£= ¢£¤££= ¢£¤£= ¢£¤££=
¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ ¹ËÍËÎÏËÐÑÒÓÔÕÔÑ ¹ËÍËÎÏËÐÑÒÓÔÕÔÔ
¦¨¥q«©¨«©¨
¢« ¹ËÉÃËÖË´ÖÐËÈ
J(, X*/* '(Y (""% U.125[29.2#W95.62
J\J!/k ` " Y*'0 /( W0WO569a989l2.956
2J`Y4 SMQ NM PRNKT PRNQT :Wal;
J\m +!/ n' , 0 B W0o97O59r919.9D9
2mJn4 KMcP KMcP PRcT PRcT :oWr;
|<¦ g¤i g¤¤g ¤±ij ¤±gfj µÉÖ
|©§ª¢¨©«¢¥| q¢¦¦¢©¥
¢= |<¦q¯§=
»ÉÐËËÖп˹ËÍËÎÏËÐÑÒÓ ´ËÐÍËÖ>ËɵÉÖ ¼ÖËÈ
£¤£ £¤££ £¤£ £¤££
q¯§ ¼ÖËÈ
J(, X*/* '(Y (""% U.125[29.2#W95.62
HJ\ MKcNMKL MLQMQSS RQLT RNKT ZW0
Hss QMPKMN QMNSMSQS RSLT RLNT Ztt
]H\ MPcMKcK MSPMNc RcT RQNT b[Z0
Y NPPMSSS QMKKS PRNT PRPT lb
uJvJ KMcNP SMPKP PRQT PRPT wWxW
yHs QSKMc QSMSL PRQKT PRLT zZt
{`{X{} NNMN SMP PRPNT PRT bCaC~Cb
J\v '0) H" "*'( \- W0x9.944#Z8#4826905
2vvH4 PMSS SMc PRPT PRPT :xxZ;
J\HuB / J*/ ' W0ZwD954W2599
H" "*'( QPMPN QcMcKK PRPQT PRPT Z8#48269
{`{{ NMQcc LMLK PRPPT PRPT bCaCC
Y ("$ (" NMPc KPMQ PRPT PRPNT U.125
|<¦ dghdi f¤£ i±hfj d±dj µÉÖ
Page 295
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ±² µ́¶·¸··¶¹º»¹¼¹½¿»½ºÀ²Á»
|| ¿µ¶²́¹¹ºÁ¹´¶´¿À´¼¹
|||q µ·²¼¹²·²Â¼Ã·µ¹·Ä´¶¿²¼¶
¸µ́¿µÃ´¿Ä¹²¿²¼½¼µ²¹
| ¡ ¢ ¿ÅÆǶÈÊÈËÌÈÍÎÏÐÑÒÑÎÓ
£¤¥|¦¤§¥¦¨ª¢||¤£ ¸ÆÍÈÈÓÍȼÈ
«¨¬¥̈¢¤£¤ª¨¦® ¼ ÍÈÅÅÈ ½ ÆÅÆÇÀ ÓÐ
¯¤¨¨§£¥¨° ºÈÅÅ·ÈÍÅȹÓÈ
|qq ÎϲÀ¿µ¹¿Ã²´·µ¹ ²́ À¼Ä¿²¼¶ ±¿À²´¼¹
«¬¤£° ÊÆÈ
!"$ !" % "& '(&"()( " *"& " 012 67869698. 94O8. 59982 66.1 529.2#
+(, $+(, -*/* '( "0 / (" '*- & (-*/(!01 795.62O1994468:48.68O2#;
2 "3!0 "4
q££¦¢ª
|¦¤§¥¦¨ª¢ |=£q=¥=¥q¬¤<
|< ±ÈÍÊÈÓ>ÈƲÆÓ ÃÆÅÆÇ
¸ÆÍÈÈÓͼȶÈÊÈËÌÈÍÎÏÐ ?ÆÆŹÆ
¡ ¡ ¡ ¡
q¨ ±ÍÊÓÅÈÅ
@"0(0 'A' '( '( "B*"0!/ E469.298#F468.
-*/' C G28.O52
HIJK LMN PNMPQP LRSLT LRLT UZVW
K(, X*/* '(Y (""% U.125[29.2#W95.62
@ '0*/"K* / \ !/J( ' LMSPP ]MQ^S LRLT LRLT _9.258W295`4O5V6
|=£ abc b¡b¡ca ¡®df ¡®af ²ÆÓ
q££¦¢ª
|¦¤§¥¦¨ª¢ |=£q¦¨ ª¨¨<
|< ±ÈÍÊÈÓ>ÈÆ
¸ÆÍÈÈÓͼȶÈÊÈËÌÈÍÎÏÐ ²ÆÓ ·ÈÍ· ÈÍÓ>´ÊÆËÈ
¡ ¡ ¡ ¡
q¦¨=§£¨¢ ÀÆgÓgÓ²ÈÊÊÓ
|¥¥̈ ´ÊÆËÈ
@"0(0 ' ' '( '( "B*"0!/ E469.298#F468.
-*/' C G28.O52
hK\K SMPL S^MNNP R^T R^NT iW`W
K(, X*/* '(Y (""% U.125[29.2#W95.62
AjAXAk LM]P Q^M^ RLT RQT lEmEnElo
AjArA NM]S] ^M LRNPT LRQ]T lEmEsE
Y ("$ (" SMS NMQS RSQT LR^PT U.125
|=£ c¡c¡c ¡bt u®u f a®utf ²ÆÓ
q££¦¢ª
|¦¤§¥¦¨ª¢ |=£ ª¨<
£< ±ÈÍÊÈÓ>ÈÆ
¸ÆÍÈgÈÓÍÈȶÈÊÈËÌÈÍÎÏÐ ²ÆÓ · ÈÍÓ>¼ ÈÅÈÅ
¡ ¡ ¡ ¡
·ÅÆÍÊ> ·ÅÆÍÊ>¼ ÈÅÈ
K(, X*/* '(Y (""% U.125[29.2#W95.62
Kv!C-*/ % h( "J " (/( W0lOD525#9w9i698V98#656
2hJ4 NLMLPN SPMSQ QRNST QRNPT :liV;
W0W56D9F990O89V98#656
KvK/(C 3 ' v!" 'J " (/(2KvJ4 NMQN NMLQ LRQPT LRLT :W0V;
¤¨ ´ÅÍÓÊȼ ÈÅÈÅ
K(, X*/* '(Y (""% U.125[29.2#W95.62
AxARKvAMyMx*"0/ A'( z % E}E~W0Eee}28.59
2xAz4RKvI" ' / " X/ */ E69[9w9:}E[;~W0
{0 C 2IX{4 ^M^LQ N^MP LR]]T LR]^T Z8#495989n5425.9D9:Zn;
Page 296
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
vx|~|wyxxqw~qw~|w Ãħµ´ª®´¸§©¬ª® ©§· µ±¹´§±« ¦´µ§©±®
¡¥ ¿»½
!"# !% & " & ' ( !( !)! 01267869698..5989.64898$94O8.59982
%* ( +!, "+!, -* */ ! *- ( !0 66.1529.2$795.629$29682$6884.2:;<66=954>2
%!0 &%% / 0 1 # # 2!!3%! # # / ! O199446?
*- ( !-* !
@ A &+0* B& /- (B %! *+ % +!, "+!, 9e012 W54O7 2 968612$ 744$ .4 529.2$
-* */ !@ C* B& / *+ % +!, "+!, 795.62eX92.4529.2$795.6294O8.2$945
-* */ ! % / , *-* EFGHI % !+* B& / 954O.Ye[\] 49.124846$9.2$82.92945
*#J J J/!% ! & #& # ,& ' (-* ,! .12^29528$2$_22D525:;`aba:<_22D525
+ % # (( / K* *0-* LML 2 :;`abaa?ce;c]=e0124O..98$6875998249
K* *0-* LMLL4NFNI3@P /%J+!&# (& , .12529.2$.59$25226>952956687954D.122
+ % # (( /K* *0-* LML' (#!0-&/ 92 .5989.648949_22D525:;`aba:`
% !# !+* B& / *-* Q+@RM@ 9D4O8.687 .4 d7;`;fbg̀;g <_22D525 :;`
2K* *0-* LMLL4Q+@GER@MM3F%! B! abaa? d7;`[Yfb̀b;=` 952 75228.2$ 9
*- ( !SC!&# (T , "C!, U* */ !V+ % hi4O8. d226>952 j 059$2 j d29.2$
/ +J +J ! ! *& ( J J/!% ! k95.62l 68 .12 4846$9.2$ .9.2D28. 49
21 # # 3@ 9689869746.648<84.2g=e
-@ A &+ 0*0-*/!+* *%! % !+!, "+!, 5e012W54O77O519268>28.4562954D529.2$
-* */ !@C*0-*/! % !+!, "+!, -* */ ! 795.62e kO5192 954D 529.2$ 795.62
% / , *-* MFEI % !#J# /-*- +JJ 94O8.2$945954O.beY;]49.124846$9.2$
+* B& / J J/!% ! & #& # ,& ' ( .4.94.49744$4$ 945.12 ^29528$2$
-* ,! + % # (( /K* *0-* LML2 _22D525 :;`aba: <_22D525 :;`abaa?
K* *0-* LMLL4MFRI3@P /%J&# (& , bef:]=e 012 4O..98$687 59982 49 .12
+ % # (( /K* *0-* LML' (#!0-&/ 529.2$.59$279^952956687954D 7O5192
% !# !+*0-*/! *-* Q+NM@HH .5989.648 9 49 _22D525 :;` aba:`
2 K* *0-* LMLL4Q+G@EL3F%! B! 9D4O8.687.4d7;cb`\\g<_22D525:;`abaa?
*- ( !- (! % !ST# ( T , "C!, d7;:[Ỳag=`95275228.2$9795.49h059$2
U* */ !V + % / +J +J ! ! *& ( k9^952jd29.2$k95.62l68.124846$9.2$
J J/!% ! 21 # # 3@ .9.2D28.499689869746.648<84.2;g=e
m@ A &+0*0-* ! +! B 0 *+ % ' n e 012 W54O7 754>6$2 498 .4 499625 98$
% +*( n ! %* ( !#* ! % ' # 2D74^226161952O5s2..425.96856.2569
#* #* #&F * & !%* ( B* B ( *+*( n ! @ 98$ .25D $2728$687 48 .12 2>249.12
C! B 0 ' n % +*( n !! !%!/& ! 499625t2D74^22e0122498.449962598$
%* ( m +*0J#J ( ( B!@P /%J#* &# ( 2D74^22 952 42.2$ .154O71 995^
%! B! *- ( !- (! % !SC!&# (U& $2$O.648e 012 4O..98$687 498 952
T , "C!, U* */ !V2- (! ' ( B #&, 75228.2$9795.49hi4O8.d226>952j
#*0+J % / 0 n #& #& # ,& 3% So *# 848j.59$2jd29.2$k95.62l<945.12O5528.
!% r m r ! ' V2- (! B ( + B (3 745.648=98$hu.125848jO5528.i2.l<945.12
+ % / +J +J ! !*& ( J J/!% ! @ 487j.25D 745.648= 68 .12 4846$9.2$
.9.2D28.499689869746.648e
Page 297
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qtuvwxyxxwz{|z}z~|~{t| ¤¥§¨©ª«ªª©¬®¬¯¬°²®°³¥´®
wv}vtutzv|v ²¨©§¥¬¬´¬§©§²³§¯¬
ttvtzqxv ¨ª¥¯¬¥ª¥µ¯¶ª¨¬ª·§©²¥¯©
|}{v v|xvzxuwzuv «§¨²¨¶§²·¬¥²¥¯°¯¨¥¬
tw ²¸¹º©»½»¾¿»ÀÁÂÃÄÅÄÁÆ
{ttt «¹À»»ÆÀ»¯»
w ¡ ¯ À»¸¸» ° ¹¸¹º³ ÆÃ
|¢w£ »¸¸ª»À¸»¬Æ»
tvz|zuw}v vqu|qu|}}zu ÁÂ¥³²¨¬²¶¥§ª¨¬ §¥µ ³¯·²¥¯© ¤²³¥§¯¬
£ ½¹»
!"# !% & " & ' ( !( !)! 01267869698..5989.64898$94O8.69982
%* ( +!, "+!, -* */ ! *- ( !0 76.1529.2$895.629$29682$68:4.2;<=66>964?2
%!0 &%% / 0 1 # # 2!!3%! # # / ! O199447@=48.68O2$>
*- ( !-* !*/ 5&# 3
%A B* % +* 5 5! %! # !-& ! # CEFG $e R92$ 48 9 $6.566O.648 97522D28.62.7228
%* ( CHEICHE #*/ , %!#& 5& *- ( ! SZTU 98$ SVZ0W.12 9..25988468.2$ 9 9
%! # !-&#J - (!+ J%& 0! ' % /*0 $6.566O.45945.122$6624698$99.854$O.49
- #!CEFG%!K!/ ' ,1,! + % , ( 5& / SZTU68X16899.26878562.19.95252?66.2$
' ( %!#! 5 & *L +* !J%! * & ! J %! ! 82564$69Y529255687.4D95[2.\48$6.648e016
+ %* ( 0*0+* #!0- ( 97522D28.6?96$ O8.6]22D625;<W^_^^
+* *0- ( , ( + A G* 5 5! ! ! 98$ 9O.4D9.69Y2`.28$2$O8.4 ]22D625
-* / & 0+ ! %* ( # (( / ;<W^_^ae
M* *0-* NPNN% J#J0 #! %!+* + 5 (
,! (( # (( /M* *0-* NPNQA
*A b &+ 0* ( % +* 5 5! O88Y%* ( 2e 012d54O828.252$68.4 9O88Y97522D28.
ccE%!0 b &+0* '*%! I0*0 J % 76.1ffZ712526Y.12d54O8O8862W298$
0* '* , + J%&"+ J%& #* #* #& *+ % $26?2525.968854$O..4ffZO6g2.2$.4
ccE%* ( +* !)! !#* #* #&' (%!#* #& 25.968 826969.648 9 $2.25D682$ 6Y
J/*,ccE% %* ( , ( ' (%! *+ #!A ffZ9..1297522$8562e01296$97522D28.
G* 5 5! #* *-&# -* ,! + % 76 62 2`8652$ 48 2?259 $9.2 O8 .4
-*-* + # (( /,! (( # (( /M* *0-* ]22D625 ;<W ^_^^ 98$ 9O.4D9.69Y
NPNN % J#J0 #! %!+* + 5 ( ,! (( 2`.28$2$O8.4]22D625;<W^_^ae
# (( /M* *0-* NPNQA
)A b &+ 0* ( % +* 5 5! O88Y%* ( 9e 012d54O828.252$68.4 9O88Y97522D28.
hE1%!0 b &+0* '*%! I0*0 J % 76.1:ZX712526Y.12d54O8O8862W298$
0* '* , + J%&"+ J%& #* #* #& *+ % $26?25 25.968 854$O. .4 :ZX O6g2.2$
hE1 %* ( +* !)! ! #* #* #& ' ( .4 25.968 826969.648 9 $2.25D682$ 6Y
%!#* #& J/*,hE1% %* ( , ( ' ( :ZX9..1297522$8562e01296$97522D28.
%! *+ #!AG* 5 5! #* *-&##*/ , -* ,! 79 2`8652$ 48 ]22D625 ;<W ^_^^
+ % # (( / M* *0-* NPNN 98$ 9O.4D9.69Y 2`.28$2$ O8 .4
% J#J0 #! %!+* + 5 ( ,! (( # (( / ]22D625;<W^_^ae
M* *0-* NPNQA
(A i# ( *+ % bGi % GjkI+*0*( ( 7e 012 89Y962 .4 dUn 98$ UorW .12
, 0 J +* (* % /!CBhIFClI% F1GI 848m48.54687195214$2549SR:WTSsW98$
0* &+ +! 5 0 # + 5 0! TXUW 5285228. .12 O82O52$ 498
249.259m95223 ' ( %!+* J/*, CBhIFClI =49.259m9522>46.9682$6YSR:WTSsW972
* # F1G% * #!# AG! 5 0 ' ( 9TXU98$O66$69562e01249846.9682$
%!+* J/*,* #!# #* *-&#% !bGi% 6Y.12964?2mD28.6482$O66$69562954DdUn
Gjk%!* -& ( + % #! ( # &&-& ( 98$Uor629568.252.9.4DD256959.2e
J0* ! /A
Page 298
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
q|| ¶·¹º»¼½¼¼»¾¿À¾Á¾ÂÄÀ¿ŷÆÀ
|| ĺ»¹·¾¾¿Æ¾¹»¹ÄŹÁ¾
|||q º¼·Á¾·¼·ÇÁȼº¾¼É¹»Ä·Á»
½¹ºÄºÈ¹Äɾ·Ä·ÁÂÁº·¾
| ¡¢¤¥¦¥§ ÄÊËÌ»ÍÏÍÐÑÍÒÓÔÕÖ×ÖÓØ
¨©ª|«©¬¤ª«¤¯§||¤¢©¨ ½ËÒÍÍØÒÍÁÍ
°±ª§¡²©¨©¯«³ Á ÒÍÊÊÍ Â ËÊËÌÅ ØÕ
´©¬¨ªµ ¿ÍÊʼÍÒÊ;ØÍ
|qq ÓÔ·Åĺ¾ÄÈ·¹¼º¾ ¹·Ç ÅÁÉÄ·Á» ¶ÄÅ·¹Á¾
°±©¨µ ÏËÍ
!"# !% & " & ' ( !( !)! 01267869698..5989.64898$94O8.69982
%* ( +!, "+!, -* */ ! *- ( !0 76.1529.2$895.629$29682$68:4.2;<=66>964?2
%!0 &%% / 0 1 # # 2!!3%! # # / ! O199447@=48.68O2$>
*- ( !-* !*/ 5&# 3
,A B &+0* ( % +* 5 5! 5 #* ( * 5 1e 012 N54O8 28.252$ 68.4 1OD98 524O52
%* ( CEF % GFAH*- 5 #* ( 25?6297522D28.76.1PQR98$S0Re012
* 5 & #& # ,& ' (-* ,! + % # (( / 1OD98524O5225?622T8282945.12U295
E* *0-* IJI *-* K+LMJAIM 2 28$2$ Q22D625 ;<V WXW; 9D4O8.687 .4
E* *0-* IJII4K+LIAL3A Y8[\XV;W\=Q22D625;<VWXWW@Y8[W;V];[>e
!A B &+0*0!/!!+* 5 5! *^ & ( %* ( 6e 012N54O819$528.997522D28.76.1529.2$
+!, "+!, -* */ !AG* % + # *^ % ! 895.62eY28.9684D2 954D 529.2$ 895.62
+!, "+!, -* */ ! % / , *-* K+IA__ 9D4O8.687 .4 Y8W;Vh<h 945.12 U29528$2$
& #& # ,& ' ( -* ,! + % # (( / Q22D625 ;<VWXW; =Q22D625 ;<VWXWW@
E* *0-* IJI 2 E* *0-* IJII4 Y8W;Vii[>V6 85228.2$ 9 895.49jk.125
K+IÀ`L3a %! 5! *- ( ! - (! % ! k8259.687 Z84D2l 68 .12 4846$9.2$
bG* (, !/ c+* !d ! ' f+ % / +g .9.2D28.499689869846.648=:4.2W]>e
+g ! !*& ( g g/!% ! 21 # # I3A
5A G* & , % m #!# n 0* ( % we 012x4D898U98$9PO66$695U28.252$68.4
+* 5 5! "+* 5 5! 5 #* !%* ( EGoGa .2186925?62 97522D28. 76.1 QSySV
CnrnHa CnrnHnCs % CnrntnA Pz{z}VPz{z}zP~ 98$ Pz{zze}92$
H* % +* 5 5! "+* 5 5! ! !a 48 .122 97522D28.V.12 x4D898U 98$ 9
G* & , % m #!# n *#&5& & #& PO66$695U 97522$ .4 854?6$2 .21869
0*0-* ! - #& #* ! *+ % 96.982.4.122529.2$895.62eZ89$$6.648V
+!, "+!, -* */ ! #* *-&#A C*- ( ! .12 x4D898U 7598. 2TO6?2 6282 .4
# 0- , aG* & , 0*0-* ! 2TO6?2 QSyS98$848u2TO6?26282.4Pz{z}V
6282 *+ % EGoG % 848u2TO6?2 Pz{z}zP~ 98$ Pz{zzV .4 O2 .12
6282 *+ % CnrnHaCnrnHnCsa% jZ8$4D62l6598$68.126525.968.2556.4562e
Cnrntn& #& 0* ((& 0* bv %g0!*f
%!^!/ ' ,#* #* #&A
A B &+0*0+& ' !+g/! & !' (%!+* g/*, e 012 N54O8 9O652$ 68O5982 84662
% ! n1n % ' ( %!+* g/*, 0*/ /&! 46.9682$954D zxz76.1.1296.98249Z}
+* # vH 0*/!+&#! & ! & #& 4?25687 845.648 49 .1265 68?28.4562V
+* *%! a# 0 +* *-& a *##*# +a 898.9.648V96T2$92.98$D95682957476.1
% (g / &# %* ( !/ ! * */& &, 4D6682$ 68O5982 4?25972 9 49
+* # ((& ( & ! + % # (( / Q22D625 ;<V WXW; 49 Y8 ;V<[\V]\[
E* *0-* IJI *-* K+ALMAML2 =Q22D625 ;<V WXWW@ Y8\]V\<[V;\X>e 012
E* *0-* IJII4K+MAMLAMJ3AB &+ 5&( N54O8941969268O59828466246.9682$
0*0+& ' !+g/! & !5!^ ' (%!+* g/*, 954DxzYe
% !1nKA
H*- & !& #& # ,& ' ( -* ,! 012529.2$68O59822T828268O552$945.12
+ % # (( / E* *0-* IJI *-* U29528$2$Q22D625;<VWXW;9D4O8.687.4
K+AJI2 E* *0-* IJII4K+LA3A Y8< <VXW=Q22D625;<VWXWW@Y8<[ V;];>e
H*- & !%! 5! *- ( !- (! % ! 01268O59822T8282685228.2$9895.49
bH*- Ggg G* 5& / aH*- G* 5& / % jx4.49N44$P4$VP268798$Q6.566O.648
E! # !-& !% H*- 0&0% n%0! ! # !f T8282 98$ N2825998$ z$D686.59.6?2
+ % / +g / - &(! % +* (, !/ T8282l68 .12 4846$9.2$ .9.2D28.49
g0+ *,* !)/ ! g g/!% ! A 85496.45498$4.1254D8521286?2684D2e
Page 299
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|| ³´¶·¸¹º¹¹¸»¼½»¾»¿Á½¿¼Â´Ã½
|| Á·¸¶´»»¼Ã»¶¸¶Á¶¾»
|| |q ·¹´¾»´¹´Ä¾Å¹·»¹Æ¶¸Á´¾¸
º¶·Á·Å¶ÁÆ»´Á´¾¿¾·´»
|¡¢£¢¤ ÁÇÈɸÊÌÊÍÎÊÏÐÑÒÓÔÓÐÕ
¥¦§|¨¦©¡§¨ª¡¬¤||¡¦¥ ºÈÏÊÊÕÏʾÊ
ª®ª§¤¯¦¥¦¬ª¨° ¾ ÏÊÇÇÊ ¿ ÈÇÈÉ ÕÒ
±¦ªª©¥§ª² ¼ÊÇǹÊÏÇÊ»ÕÊ
¢q¯ ¯ q¯ ¯ ° | ÐÓ»¶·¶º¶ÅÁ·´ Á¾¾¿¾·´»ÒŹ¿¿¶´¿¾·´»
| |¯ Á·¸Å¹·´¶·¾·Å¶¾»
ª¥®¤ ÅÕ Õ Ê ÊÏÊÇÌÈÍÍ ÍÊÇ
!" $% &'( ')& $* *$ 04.9+4DD6.D28.98#,296-2#/D4O8.
0 ( 1&*& 2&3454673 8 & $ $:$2&32 ; $ /49P22DQ25RSTUVURT.12W54OX19Y9564O
:"'%3 : '% : & 8&3" & *&% %&% 8 ( ' 48.59..49[O65296\2#92.98##2Y24XD28.
8&';& 2 '; ' % ' ' 8&3:&2 ' ' *&'$ $ 49 X98.9.648 .4.9687 ]^_``TabUTcdUT
<=>??@A4@BC46)84@4?@A460E@4B@C@5556 ,XUTRU`TaRUTfghRTURcTdRbTVVVT^WPSTScUT̀aVT
=71@B4@?A56 F<)4@5G@A46 HIJ@A@56 i],RUTVjRTRaUT0klSTbaRTRVT98#^/,RT̀aRTj``
( ' =K)@?A@G?? L 1&*& 2&3 4544M mP22DQ25 RST UVUUn ]^_RcTdS`TVUjT
<=>B@C?@54G6)8@5C@44B60E4@@5?G@C?6 ,XRTSVdTUUcTfghUTSbbTV`jTd`ST^WPUTSVSTcaVT
=714@5@BA56 F<)4@?@G4B6 ( ' i],URTSS`TjUcT98#^/,dTadjTaRjoe
=K)C@ACG@AGN@
0 ( % ';; 1&*& 2&34546r s '; /49P22DQ25RSTUVURT.129D4O8.5296-2#954D
($3& $* *$( 3$'$ $:"'%3 :($ % * ( *&2&* 3 .12 9Q4Y2tD28.6482# 48.59. Y9O2 u9
<=>4C@B@C46)8@?4?@?60E4@GGA@A@C?46 ]^_UdTbcSTdUbT,XST̀U`TbR`TfghUTjjaTabbTd`UT
=71B4C@56F<)4G@GC@GA?6( '=K)@45@AB ^WPcUdTbbVTi],UjTjdSTja`T#98^/,STUVRTacS
L1&*& 2&34544M<=>4C@GA@5CA6)8@AGB@CBA6 mP22DQ25 RST UVUUn ]^_UdTjaSTVdaT
0E@5@4?4@?556 =71@BA@AC6 ,XSTajcTdcaTfghSTSVbTU`UT̀VVT^WPSTcaSTRadT
F<)C@4@?C?6( '=K)4GB@4B?N@ i],SdTSURT̀d`T98#^/,UjcTUc`oe
ª¥¬®¦ »ÕÊÇÌÈÍÍ ÍÊ
0 ( % ';; 1&*& 2&34546=vw0 & $ $:$ / 49 P22DQ25 RST UVURT ^Zyg 19 92
:" $% &' 8&'r ' '% : &'s&3 : ' : 3&%6 4DD6.D28. .4 #26Y25 5OQQ25T +gz 98# 6.
w!= ( ' 83"( : % 3 ' ''s 6: : "6( ' %& #256Y9.6Y2 X54#O.T 449T 98# .29 49
*&2 's :@A?C%"'L 1&*& 2&34544M44@B4? 9XX54\6D9.2{bTa`d.4882mP22DQ25RSTUVUUn
%"'N62&'$ :& 8 * x$%*&2 's :B@5A2&'$ UUTcU`.4882oT46X9D 22#49SbcTSVa22#
L1&*& 2&34544MC@GG2&'$N( '2$2$%* x$% mP22DQ25RSTUVUUnRdTjSj22#o98#46X9D
*&2 's :@52$2$%L1&*& 2&34544M552$2$%N6 22#68749RTRRV22#687mP22DQ25RSTUVUUn
:&8 ( 8& ';; ' 8$ : :&%$; ": ( ' 3 RVV22#687oT.4.165#X95.{4998#4Y2529
'&;&3$@ O.4D25e
=& 3 :" $% &'8&'r '($ % * : '%&3& $* *$ /49.129Q4Y2924DD6.D28.u6Q25296-2#
( * % 2 ' *&%& %$ 8}%$ 8 % ';; 68482D48.199.2529152X45.687#9.2e
8& 8"3 '@
qq¡§¦q ¸Ê~ÊÈ ÍÊÈɳÕÇÍÕ³ÕÕÈÇ
F'%$% * K' : %&3%&'% &'; ( : ' 8&3r 'r$ ' +25.968 ^OQ6#69562 28.252# 68.4 X9D9
8&';& 2 '; ' 8&3:&2 ' ' 8 * (&'; ' X98.9.648 #2Y24XD28.97522D28.u6.1 2Y259
2&2&3 8 !<1s '; &x ( $8&% '$8 * @$ % ]P52X5228.687.12X9D9995D25e^224.2Rj
% % 'G '% :3$'$ '8&3r 'r$ '%&3*&2 %@ 945.12#2.9649.1296#97522D28.e
Page 300
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q|~ | ®°±²³´³³²µ¶·µ¸µ¹»·¹¶¼®½·
|~| »±²°®µµ¶½µ°²°»¼°̧µ
|||q ±³®¸µ®³®¾¸¿³±µ³À°²»®¸²
~~ ´°±»±¿°»Àµ®»®¸¹¸±®µ
| »ÁÂòÄÆÄÇÈÄÉÊËÌÍÎÍÊÏ
¡|¢ £¡¢¤¦|| ´ÂÉÄÄÏÉĸÄ
§¤¤̈¡© ¦¤¢ª ¸ ÉÄÁÁÄ ¹ ÂÁÂü ÏÌ
« ¤¤£¡¤¬ ¶ÄÁÁ³ÄÉÁĵÏÄ
q©©~ q©©~ª ~| Ê͵°±°́°¿»±® »¼¸¸¹¸±®µÌ¿³¹¹°®¹¸±®µ
~| |~©~ ~~~ »±²¿³±®°±¸±¿°̧µ ÆÂÄ
§¨¬
q¨¤̈ ¤¨¦~q ¹ÏÏÄÇÄ¿ÂÁÏ »ÉÄÄÇÄ Âð¿½
ÉÂ
!"$%&%'%"(!)*%"*+%" %"%*! !"&!"$%" ZHIJ28.252#68.49D98972D28.97522D28.K6.1
,- /%)+01" 2%34+5!"63)% 7/258:&+%"% /25 L0M95648 N9O6P28.O59 QMNPRSK1252TUMNP
! ;!)+'%" '!(%&% "%0!<%6: (!"&%(%6: V54W6#2 .4 ZHIJ TO682 9#W62SO772.648S
(!63"*3':'1"0346%0+&%"+"=1) %0+>%"$;!)'%+6%" 7O6#982S48O.9.64898#68945D9.648522W98..4
&!"$%" '!$+%6%" 30%<%: '<3030">% >%"$ 4V259.64899.6W6.62S2V269U.142529.2#K6.1
;!)<3;3"$%" &!"$%" 03 ;!)&%>% %"30+% &%" 1OD98 524O52 98# D98972D28.e 016
%"%*! !"?,!)*%"*+%" +"+;!)4%'3 3"63' *%"$'% 97522D28.6W96#9459482XU295V2564#98#19
@%'63 0%63 6%<3" &%" %'%" &+(!)(%"*%"$ 0!A%)% T2 9O.4D9.69U 5282K2# 945.12 9D2 V2564#S
161 %6+03"63'*%"$'%@%'63 >%"$0% %:'!A3%4+ O82 .25D689.2# TU 26.125 V95.U 68 K56.687e
%(%;+4%0%4%<0%63(+<%' !">%6%'%"0!A%)%6!)634+0 Y4DV289.648V96#.4MNP6V5228.2#9V95.49
3"63' !"$%'<+)+(!)*%"*+%"6!)0!;36? 1 (!"0%0+ [\2825998# ]#D686.59.6W2 ^_V282` 68 .12
>%"$ &+;%>%)'%" '!(%&% /25 &+0%*+'%" 0!;%$%+ 4846#9.2#.9.2D28.49V5496.45498#4.125
;%$+%"&%)+BC!;%"E 3 &%"F& +"+06)%0+G(%&% 4DV521286W2684D2e
4%(1)%"4%;%)3$+&%"(!"$<%0+4%"'1 ()!<!"0+=4%+"
'1"014+&%0+%"?
q¨¤̈¡¤¡ ®ÄÆÆÏ ÏÁÁÁÏÆÄÏÉÄÄÇÄ
abc !"$%&%'%" (!)*%"*+%" &!"$%" b!"$1 fgY 28.252# 68.4 98 97522D28. K6.1 g2874
c1 (%"> ++6!&:d!(%"$7b!"$18&+%"%b!"$1 Y4DV98UI6D6.2#Sh9V98Qg2874RSK1252TUg2874
!">!&+%'%";%"63%"6!'"+''!(%&%abc &%4% V54W6#2 .21869 96.982 .4 fgY 68 6.
1(!)%0+()1&3'0+">%?a!;%$%+'1 (!"0%0+">%:abc V54#O.6484V259.648e]4DV289.648SfgYV9U
! ;%>%)b!"$1;+%>%;34%"%"0!03%+'!6!"63%" g28749D48.1U922S4DVO.2#68945#982K6.1
>%"$&+%63)&%4% (!)*%"*+%"? .12.25D49.1297522D28.e
q¨¤̈q¤¡© ¤~q ¿ÂÂÏ µÏÄ Ï ÉÆÏÁÄ »ÉÄÄÇÄ
q|q q¤ ÈÄÄÄ °¿½ Ï ® ÏÁÉÏ ÉÇÏ
¿ÄÇÄÉÏ
,%&% ;34%" a!(6! ;!)ij: cC, !"$%&%'%" Z8f2V.2DT25rstuSZYvL28.252#68.49Y48#6.6489
,!)*%"*+%" ,!"$+'%6%" d3%4kC!4+ &!"$%" f9298#LO5192]7522D28.K6.1L0L9O5O98
,- ,%03)3%" ,)+ % c! !)4%"$ 0!<3;3"$%" L56D9 Y2D25987 68 529.648 .4 .12 V54V42
&!"$%")!"A%"%(i! ;!4+%"0!;+&%"$6%"%<0!43%0 VO51924r9998#4W256879895299VV54_6D9.2U
0!'+6%)lmi? >%"$6!)4!6%'&+,%03)3i%":d%@% wxrSsssD 49r.2# 68 L9O5O98S^9.h9W9 9.
-+3) &!"$%" <%)$% b(n?i?o 7%"$'% gVySrssSssszD Q9O9D4O8.R9459.4.99D4O8.49
(!"3<8 %6%3 *3 4%< '!0!43)3<%" 0!;!0%) gVtSuysS{sse 012 9#W982 945 .12 V54V42
b(?jn??E%"$ 3'%%6%0)!"A%"%(! ;!4+%" VO519249.1296#98#65245#2#9V95.49
6%"%< 6!)0!;36&+A%6%60!;%$%+;%$+%" &%)+%'3" [}.125 N48XO5528. ]2.` 94O8. 68 .12
BF0!6 -+&%' %"A%) %+"">%G &%4% 4%(1)%" 4846#9.2#.9.2D28.499689869V46.648949
(10+0+ '!3%"$%" '1"014+&%0+%" (%&% 6%"$$%4 H22DT25ytSrsry98#rsrre
n !0! ;!)iin&%"iii?
Page 301
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
klmnopqpporstrurvwtvsxlyt ¡¢£¢¢¡¤¥¦¤§¤¨ª¦¨¥«¬¦
ownunlmlwrwnwtnzw ª ¡¤¤¥¬¤¡ª«§¤
{wlwlwnwlwr|wkpxwn ¢§¤¢§®¢ ¤¢¯¡ª§¡
tuswn}wntpnrp|mowrmwn £ª ®ª¯¤ª§¨§ ¤
lo ª°±²¡³µ³¶·³¸¹º»¼½¼¹¾
sly ll £±¸³³¾¸³§³
ox § ¸³°°³ ¨ ±°±²« ¾»
t o| ¥³°°¢³¸°³¤¾³
nm|wmwwxowxmmnrlxsvuntuswn}wn ¹¹£ª«ª¯¥§¢££ª ®ª¯¤«¥¨§ ¤
! " $ %& %' %&(! )" %(( * 012 9552687 9D4O8. 49968986968.5OD28.
+, %+,!!" $ %& %",%!,( ! %"$ %& -/ 35228.2#68.124846#9.2#.9.2D28.499689869
! - ! % 0 ) %' 1 346.6489335446D9.2.1265996559O2e
0 ) ( + ) %) %+ $" %* $ %&( % 012996559O249.1254O5528268.252.59.2
!$"$ -$%& - ( ! " % % + ! ' %& <93 6 =92# 48 D95>2.59O2 35456#2# =2
(! ( " %, /- %"6- %"4O8.25395.7% 0 ) 4O8.25395.2=98>?996559O2162595128252@Ae
/ "8252:;1
B / + %& "$ % 0 C +$ %& + !* ( % QO=2RO28. .4 686.69 524786.648S 39D9
+%) * % ) %&" + %) %& " + ( " ' 0 % ' %& 522659=2 98# 487T.25D 498 .4 2D34222S
( " (" % " % -$%& (! )" % + ( - ' <161952848T68.252.=295687S<25235228.2#9.
+ , / % ( *, ! ! ( %& % * %&&$% " % 9D45.6U2#4.O687VZWS98#.12#64O8.59.2
* ,( BEFC( % %&" (!",% ,* %& $" + ( O2#6529255687.4O5528.D95>2.28#68759.2945
!$"$-$%& +%) * %+ ! ! %- &+%) * % 6D695 .232 49 28#687e 012 93362# 988O9
' %& ! $+ 1 G%&" (!",% , /$% % ' %& #64O8.59.259872# 954D XeY[\ .4 ]e^Y\ 325
(&$% " %- "! % HCIJ! *+ KCLJ+ 988OD ?229528#2# _22D=25^`S@[@@a954D
/$% 7 /$% ' %& - "/ + ( %&& Xebb\ .4 ]e[^\ 325988ODA945.12229528#2#
LM ! *- :I::N % HCPPJ ! *+ KCILJ _22D=25^`S@[@^e
+ /$%;$% $" /$%' %&- "/ + ( %&&
LM ! *- :I:L1
c %& ,-& !(! )" % ( * - ' + , / % 012=48#3929=295295562#9.9D45.6U2#4.
( *, ! !( %& % * %&&$% " % * ,( BEF1 O687.12VZWD2.14#edD45.6U2#4.69O9.2#
E ' + , / % ( *, ! !( % $" % ( %& % =2.9>68768.494O8.982#64O8.45352D6OD48
* *+ / $%&" % (!",% , $ + * ! 9RO66.64898#922454..19.95268.2759395.49
+ , / %( %",*! $- ' ' %&* $+ " % .12VZWe
- & % ( " +! /" %( BEF1
f % ) * % * % +" % - /0 % h98972D28.19 #2.25D682# .19..12 9552687
7- ( ! " %)$* /%,!,% ;" !( %! " !C 9D4O8.?=92#4884.64899D4O8.A499198#
%g ! !) %&" + %( "C+$ %& $! / C+$ %& 912RO65928.S145..25D6852.D28.S94O8.
-$" %$! / C$ %&- %") %&" + %( "C $" %C 522659=2T.59#2S94O8.522659=2T848T.59#2S
$ %&.5O.52263.C$ %&$! / C$ %& %6 %6 145.T.25D =98> 498S4525#599.S.5O.52263.
+/ " " & C$ %& (g( %C- - % " $ C( % 3929=2S.59#2 3929=2S4.1253929=2 T.165#
- !*- %" ) ) %&" + %( ""$ %& -/ 395.62S#656#28#3929=2S95O2#24328298#
! - ! % 0 ) %' " % %! $* %" $ %& % 145.T.25D 2D34222=28296.69=66.2 529489=2
! -$ - ) %&" + %( "1 9335446D9.2 .12659965 59O2 =29O2 49.1265
145.T.25DD9.O56.62e
( $ %&) %&" + %) %&( %$ %& 01295526879D4O8.49487T.25D#2=.98##O2.4
" + ( +/ " - ! ( %& % !$"$ -$%& 529.2# 395.62 <6.1 949.687 68.252. 59.2
* %& *- %&"$ %& -/! - ! % 0 ) %' 9335446D9.2.1265996559O29.12295252T3562#
" % (% $ %&! - " 1 952RO28.2e
i%g ! !( *! / *- ! ' %&* *""$, ! Z852.D28.68RO4.2#45#6895219525235228.687
+ ! ( %& %" + *" %! / * (- 0 /:IJC 2RO6.2 4<825163 68.252. 49 =24< @[\S
%g ! !( * + ! $ %&C( %%g ! !( * 6852.D28. 9.D4822 D95>2.9O8# 98# DO.O9
"! ( % (%' " % ( * % 0 ) 9O8# 952 .9.2# 9.996559O2 =92# 48 RO4.2#
- ( ! " %/ & "$, !+ ! 7/ "% 0 ) D95>2.3562?996559O2162595128252`Ae
8252;1
Page 302
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
nopqrstssruvwuxuyzwyv{o|w ¢£¤¥¦¥¥¤§¨©§ª§«©«¨® ¯©
rzqxqopozuzqzwq}z £¤¢§§¨¯§¢¤¢®¢ª§
~zozozqzozuzns{zq £¥ ª§ ¥ °ª±¥£§¥²¢¤ ª¤
wxvzqzqwsqusprzupzq ¦¢££±¢²§ ª«ª£ §
o r ³´µ¤¶¸¶¹º¶»¼½¾¿À¿¼Á
vo|o o ¦´»¶¶Á»¶ª¶
r{ ª »¶³³¶ « ´³´µ® Á¾
wr ¨¶³³¥¶»³¶§Á¶
ovvzqrzqwx|pzwzqyzqzxyxq{pupws ¼¦¢££±¢² ®¢§©«£ª«ª£ ¥¯ª± ¢ ª§
wxvzqzq £¤¥²¢±¢ª§
!"$%&%'%( ) $("&*) *"%)+%),("-%'%/%0 012D96856;956687954D .12<54O=>9689869
( ! ""1")+%2( !&%$% "%)+% )+2( ! 68.5OD28.95268.252.59.256;?9452678O5528@
0%(+% !&!' $% 2( ! (*' $2'%)( !/ " ' $% 3 56;?4DD4#6.@=56256;?52#6.56;98#6AO6#6.@
4 (* &*)*/%%0'%)&*)5*$"6" *1 6%%)")$" 56;e012B495#49C652.4552E62F2#98#97522#48
&*)+*/!/% &% )+7&% )+ ( ! $*( *1"$ 5%)+ .12=4662945D989768729149.12256;?F161
' 6*/% %)'*)+%)/*1 0( )8 *1%+% 1*( "$: 952#256G2#68D452#2.969944FH
{I ¢¶»¶³»Á¶»³J
! "" 1")+% ,("- $*("$%&% $ &1"/'%( 012<54O=>68.252.59.256;D968@9562954D
- )6%&%)")$" &!'%/*(6%'%) )K* $% 3 498945F45;6879=6.998#68E2.D28.=O5=42e
L%%$ ) 2,("-$ '% &*&-")5% *1 6%%)M!(&%/ NO5528.@?.12 <54O= #42 84.19E2 9 945D9
/ )'")+) /% %$% ( ! ""1")+%3 12#7687=46@94568.252.59.22P=4O52e
Q%'% $%)++%/R 4* *&1*(SR21*('% %(%) W9.C22DG25XY?[\[X?G92#489286G2
&"/% 5%)+ (% !)%/26 % $ )+%$ "" 1")+% 6DO9.648?19#.1268.252.59.249.1249898#
- )6%&%) $ '% $*(&% " .5O. 5226=. G4554F687?2PO#687.5O.5226=.=9@9G2?G228
&*) )+%$T&*)"(") *1* %(US1% -! )'*)+%) ]\G96=468.167125^4F25F6.194.125E9569G2
*&"%K%( %1*/!) $%)2/%1% *1*/"&1*1%)-%6% 12#48.98.?684D2G29452684D2.9P2P=282
-*)+0% /%) ")$" $%0") 5%)+ 1*(% 0 ( -%'% 945.12@29528#2#C22DG25XY?[\[XF4O#19E2
$%)++%/R4* *&1*(SR%%)/*1 0(*)'%0T$ )++ G228_=Y`?\XX4F25^167125?D968@9952O.49
*1* %( -V3SRR $*("$%&% *1%+% % 1%$ 167125^4F2568.252.19572 48 .12 498 98#
*)% %)T-*)"(")%) 1 %5% 1")+% %$% - )6%&%) G4554F687F6.1949.68768.252.59.2e
'*)+%)$ )+%$1")+%&*)+%&1%)+3
{I ¦´»¶a¸»»¶¸b»³J
c%$%"%)+M")+ !)%/,("-%'%/%0 "- %03,("- 012<54O=>9O8.6489O5528@6.12_O=691e012
&*)+0%'%- ( ! ) /% $"%(&%$% "%)+ % )+ <54O= 992 9452678 2P19872 56; 9 .12
%(*)% - )6%&%)2 -*)6"%/%) * -!( '%) 1 %5% G4554F687?2P=45.9298#.124.4925.968
1*1*(%-%-*&1*/ %)"$%&%)5%'%/%& &%$%"%)+ ;2@=O519295226.125#284D689.2#68.12i86.2#
4!/%(d&*( % L*( %$%$%" 0%(+% 5%)+ *8%(% j.9.2 C495 45 F142 =562 6 67869698.@
+) M %)' -*)+%("0 !/*0-*(+*(%%)0%(+%%8"%) 689O282#G@.1265G281D95;=562D4E2D28.68
'%/%&&%$%"%)+% )+f$*("$%&%4!/%(dLg *-*($ 9452678O552862kD968@ijC495l9AO4.2#68
5%)+ ' "$ - '%( -% %( )$*()% !)%/3 d-%1 /% .12 68.2589.6489D95;2.eZ9.12 52E28O2 98#
-*)'%-%$%)'%)-*&1*/ %),("-'%/%&&%$%"%)+ =O5192 49 .12 <54O= 952 #284D689.2# 68
*/% ) "- %02'%)$ '% 1 %' $%)' )+%)'%/%& O5528624.125.198_O=691?98#95284.2E28@
0%/) /% '%)T%$%"-*& / 0%)h%$"2,("-$*(-%-%( D9.12#68 .25D49AO98.OD 98#^45.6D687?.12
( !&%$%"%)+% )+3 <54O=192P=4O52.49452678O5528@56;e
,("-$ '% &*&-")5% *1 6%%)/ )'")+) /% 5%)+ 012<54O=#4284.19E298@945D912#7687=46@
M!(&%/%$% * -! "() /% $"%(&%$%"%)+% )+3 94594526782P198722P=4O52e
Page 303
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
pqrstuvuutwxywzw{|y{x}q~y ¡¢¤¥¦§¨§§¦©ª«©¬©¯«ª°¢±«
t|szsqrq|w|s|ys| ¯¥¦¤¢©©ª±©¤¦¤̄°¤¬©
|q|q|s|q|w|pu}|s ¥§¢¬©¢§¢²¬³§¥©§´¤¦¯¢¬¦
yzx|s|syuswurt|wr|s ¨¤¥¯¥³¤̄´©¢¯¢¬¬¥¢©
q t ¯µ¶·¦¸º¸»¼¸½¾¿ÀÁÂÁ¾Ã
x q ~q q ¨¶½¸¸Ã½¸¬¸
t } ¬ ½¸µµ¸ ¶µ¶·° ÃÀ
yt ª¸µµ§¸½µ¸©Ã¸
qxx|st|syz~r|y|s{|s|z{zs}rwryu ¾¨¤¥¯¥³¤̄´ °¤©«¯¥¯¬¬¥¢§±¬³¢¤ ¬©
yzx|s|s ¯¥¦¡§´¤³¤¬© º¶¸
} ¨¶½¸ º½½¸º ½µ º¶¸
!"#%&'()*+,-,"/0(%,1")2()3()2,"'(&1%*"'(40() NO5.125P68529.648.4.12D9..25$6O2$68.12
5(1( 5(/(2/(64"#"'+7)3(-6'+0,+(4%0+/4 ,+0(/ L522$687 L959759L1P .12 9O.O9.648 68 .12
(),(/( 8+5%(& 1() :;'(/<= 7"7#"/%0() /+()2 2Q1987259.2R2.S228.12TOL69198$UVW495
'%)1+)2)%'(%('(7%>89.O5912$72?,"/&(1(51(75(0 L54X6$2 4D2 $27522 4989.O5912$72 945.12
0+/4,+0(/1('(7@/+5A Y54OL[94526782Q198722QL4O52e
B(1(,()22(' :"4"7#"/CEC-*%0()%'(%,+0(/ \9.W22DR25]^P_`_]P19$.122Q1987259.2
8+5%(& ,"/&(1(5 7(,( +()2 (4%)2 49 TOL691 97968. 9452678 O552862
7")2+(,F7"'"7(&4"#()3(0EG 1")2()4"7+( 9LL5269.2$a$2L5269.2$ Rb ^`c S6.1 94.125
H(/%(#"' 0;)4,()- '(#( 4"#"'+7 #"#() 5(*(0 X9569R212$48.98.P684D2R29452684D2.9Q
5")2&(4%'() +),+0 ,(&+) 3()2 #"/(0&%/ 5(1( 2QL282945.12b29528$2$W22DR25]^P_`_]
,()22(':"4"7#"/CEC(0()'"#%&,%)22%F/")1(& S4O$19X2R228TL]P_]dPffd4S25a167125D968b
4"#"4(/ 85ACIAJJI ,"/+,(7( 4"#(2(% (0%#(, 9952O.4994526782Q1987242a796848.12
0"/+2%()F0"+),+)2(),/()4'(4%0(41()4",(/(0(4- .5989.648499198$912gO6X928.P94O8.
5%+,()2+4(&(-5%+,()2#+0()+4(&(-+,()2#()0 5226X9R2h.59$2P94O8.5226X9R2h848h.59$2P
*()20(5")1"0-K"/+0()-+,()2.5O.5226L.-+,()2 145.h.25D R98i 498P4X25$599.P.5O.5226L.
+4(&(-+,()2 '(%) M'(%) 5%&(00",%2(-1() +,()2 L9b9R2P.59$2 L9b9R2P4.125L9b9R2 h.165$
*()20( 5()*()2 3()2 ,"/1%/%1(/%+,()2 #()01() L95.6298$487h.25D$2R.S161486.49R98i
+,()2;#'%2(4%A 49898$R48$L9b9R2e
} ³½¸½µ
8%4%0;0/"1%,3()21%&(1(5%;'"&@/+5#"/(4('1(/% 012Y54OL62QL42$.452$6.56i956687954D.12
0/"1%,3()21%#"/%0()0"5(1(5"'()22()1()5",()% 52$6.7598.2$.46.O.4D2598$L9D9995D25
5'(47( 1() 5")"75(,() /"0")%)2 0;/() 1() 98$L92D28.49O5528.94O8.98$$2L46.68
1"5;4%,;5(1(#()0A .12R98ie
8%4%0;0/"1%,(,(45")"75(,()/"0")%)20;/()1() k52$6.56i 956687 954D L92D28. 49O5528.
1"5;4%,;1%0"';'(;'"&7()(*"7")4"4+(%1")2() 94O8.98$$2L46.6D98972$68945$982
0"#%*(0() @/+5A @/+5 7"7%'%& 7")"75(,0() S6.1.12Y54OL[L46be012Y54OL4L.2$.4L926.
1()()3( 5(1( #()0M#()0 ,"/0"7+0( 3()2 ,"'(& 9O8$6829$68798$52LO.9R2R98ieZ8X2.D28.49
7"7%'%0%/"5+,(4%3()2#(%0Aj)H"4,(4%(,(40"'"#%&() O5LO 9O8$ 952 6D6.2$ 945 291 R98i 98$
1()(1%#(,(4%+),+0,%(5M,%(5#()01()0"#%*(0()%)% 52X62S2$988O9bRb.12$652.45eVO16D6.952
1%"H('+(4%4",%(5 ,(&+) ;'"&1%/"04%AB"7#(,(4() 2..4D686D6l2.124828.59.6484952$6.56i98$
,"/4"#+, 1%,",(50() +),+0 7"7%)%7('0() /%4%0; .12529452 D6.679.296898694.154O71 L4.28.69
0;)4"),/(4% 0/"1%, 4"&%)22( 7")2+/()2% 996O5249.12R98ie
0"7+)20%)() 0"/+2%() (0%#(, 0"#()20/+,()
#()0M#()0,"/4"#+,A
@/+5 7")"/(50() 0"#%*(0() +),+0 7"7(4,%0() 012Y54OL6DL2D28.L4662.428O52.19.92
5")*+('() 5/;1+0 &()3( 1%'(0+0() 0"5(1( 49 L54$O. 952 D9$2 48b .4 52$6.S45.1b
5"'()22() 3()2 1(5(, 1%5"/K(3( 1() ,"/#+0,% O.4D25S6.1L54X28.59i5245$45744$52$6.
7"75+)3(% 4"*(/(& 0/"1%, 3()2 #(%0A @/+5 16.45be012Y54OL52gO652.19.9O.4D25S14
7")2&(/+40() 4"7+( 5"'()22() 3()2 (0() S61 .4 .59$2 48 52$6. 952 ORn2..4 52$6.
7"'(0+0() 5"7#"'%() 4"K(/( 0/"1%, 7"'('+% X256969.648L542$O52eN452QL45.92P.12Y54OL
5/;4"1+/H"/%6%0(4%0/"1%,Am),+05")*+('()"045;/- 52gO652 L9bD28.OL48 .12 L5228.9.648 49.6.2
@/+5 7")2&(/+40() 5"7#(3(/() 5(1( 4((, $4OD28.e
5")3"/(&()1;0+7")0"5"7%'%0()A
Page 304
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972`
bcdefghggfijkilimnkmjocpk ¡¢£
fnelecdcninenkeqn ¡£¡¢
rncncnencnisnbgone ¤¥¦¡
kljnetnekgeigsdfnidne ¡¥¡¦¡
cvwxxvyz{f|}|~|zvw ¡§¨©ª¬ª®ª¯°±²³´³°µ
jwcvwvwxp|vvvcvwxxvyc|}| ¨¯ªªµ¯ªª
f}vvwvyv~vvwov ¯ª§§ª ¨§¨©¢ µ²
k|vyfwvvvwsvw ª§§ª¯§ªµª
zcjjnefneklpdnknemnenlmleodidkg °¡¥¡¦ ¢¡¡£¥
kljnetneyvwvw ¡¦¥ ¬¨ª
o} |yvwvw ¥¯ª¯§ ¬¨ª
!"$% &!'(' )'('* %+%,-/0,!$*%*1%,-"' >45 #4D2.6 92? .12 @54OA 7598. 6.
&' +"' 2'"! ",%)- 3'*$'- )% +' O.4D2552#6..25D49B CEF #9G954D .12
45 6',-)',-7'"!,8' + )-%,1-"' :0,!$ 6O9824968H462`012@54OA19A4662.19.
*% %,'$"' "%1-&'"' 1''3",%)-! !"$%(' ++' 6D6..129D4O8.4952#6.2IA4O52.498GA95.6O95
%,% !/ 3%$%,- *% +6',!3"' 3!14)-3,-1!;, O.4D25?O1 9 52JO65687 OKC#6.56KO.45 .4
! !" *%*1%,-"' &'*- ' 1' ": <%1'+'- A54H6#2 K98L 7O9598.22`Z8 9##6.648?5226H9K2
'*1'6' /3'(); $-!' + )-$' '! 3%=',' %,!3 K9982952 D486.452# 48 98 4874687 K96.4
*% %,!3! !"*% +!,' +-"%*! +"- ' $-!' + 52#O2.12@54OAM2IA4O52.4K9##2K.`
8' + -)'"%,'+-6:
N%-"' $%(' ++' -)'" *'*$! *%('"!"' S1289O.4D25996.4D9L2A9GD28.T6.168.12
$%*1'8',' )'('* &' +"' 2'"! 8' + %('6 52#6..25D 76H28?.12 @54OA T648.9..12
)-1%,-"' / 0,!$ '"' *% +6!1! +- $%(' ++' O.4D25.49.48.124H25#O25226H9K2`Z9.12
! !"*% - )'"(' &!-$-!' +8' +%('6(%2'&'!6 O.4D25#4284.2..2.12 4H25#O2 5226H9K2
%*$;:P-"'$%(' ++' -)'"*%(! '3-$-!' +8' + T6.1689529489K2.6D2?.12@54OAT6A5422#.4
%('6&'!6 %*$;)'('* &' +"'2'"!8' + %('6 4DD282 279A5422#687`U2A28#687 48 .12
)-% !"' /0,!$'"' *% - )'"(' &!-*%('(!-&'(!, @54OAM 92D28.?A2696A54H6648D9G K2
6!"!*: Q%,+' ! + $')' $% -('-' 0,!$/ D9#269.125226H9K26#22D2#O842.6K2`04
$% 8-3-6' "6!3!3 *! +"- )-1!' &-"' $-!' + D6.679.252#6.56L?.12@54OAT6292.12OAAG
)-' ++'$ -)'" %,'+-6: !"*%,- +' "' ,-3-"; 499A54#O..4.12O.4D2568.122H28.499.2
",%)-/0,!$'"' *% +6% -"' $% 8'(!,' 3%*!' A9GD28.98#V45#299O.̀
$,;)!""%$')'$%(' ++' 3%1'+'-'"-1' %,('*1'
)' R''!+'+'(1'8',:
W-!' + $('3*' *%,!$'"' 1-'8'41-'8' 8' + [9D9 5226H9K2 52A5228.4. 68O552# 945
)-"%(!',"' ! !" $% +%*1' +' $%,"%1! ' A9D9 A98.9.648 #2H24AD28. T161 68O#2
$('3*' 8' + *%(-$!-$% +%(!',' 8' + )-1-'8'- 4.945A9D9A98.9.6489O8#2#KG.12K98L
;(%61' ")' 8' +3%*% ',')-1-'8'-3% )-,-;(%6 98# .2DA45956G 29C9O8#2# KG .12 \OK6#69562
X -'3Y '"*% ! ++!$% )' '' )',-1' ": 9T96.687K98LM9O8#687`
W-!' +$('3*'&!+'*% ='"!$$- &'*' '(' +' [9D9 5226H9K2 94 68O#2 9#H982 .4
",%)-/ $- &'*' $!$!" 3%,' 3',' ' $,;)!"3- A9D9995D25945.4AA687OA49868.9D28..4
$%,' -' ('- 8' "%$')' $%' - $('3*': .12 K98L? 9#H982 945 925.66^25 98# 4.125
]-'8'41-'8'- -'"' )-'+-6"' "%*1'(-"%$%' - 9756O.O59OAA62`0122 9#H982 19K2
$('3*')' &'*- ' 1%,!$'1!"-"%$%*-(-"' ' '6 526DKO52#KG.12A9D9995D2598#.1249.259
$%,"%1! ' $('3*' '"' )-"%*1'(-"' "%$')' 68 .12 945D 49.6.2494T82516A 49.12 A9D9
$%' -$('3*' 3%%('6 $-!' + $('3*' )-(! '3- A98.9.648 T6K2 198#2# 4H25.4 .12 A9D9
3%$% !6 8': 995D25482 .12 A9D9 5226H9K219H2 K228
9OG52A96#`
0,!$ *%('(!-$;(' "%*-,'' &!+' *%*1%,-"' 012 @54OA .154O71 A95.82516A 12D2 94
1' !' %" -3 "%$')' $%' - $('3*' ! !" A54H6#2.2186996.982.4.12A9D9995D25
*%*$%,'6' "' $,;)!"-_-'3$%,"%1! ' $('3*' .4D968.968.12A54#O.6H6.G49A9D9A98.9.6489
8' +*%,!$'"' 1'+-' )',-3,'%+-0,!$! !" A95. 49 .12 @54OAM .59.27G .4 .5287.128
*%*$%,%,' 6!1! +' )% +' $%' -$('3*'8' + 529.64816AT6.1A9D9995D25T16162IA2.2#
)-6','$"' '"' )'$' *%*$%,(' =',$%(! '3' .46DA54H2.1252A9GD28.49A9D95226H9K2`
$-!' +$('3*':
Page 305
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q{|}~~ { «¬®¯°±²±±°³´µ³¶³·¹µ·´º¬»µ
~}}{|{}} ¹¯°®¬³³´»³®°®¹º®¶³
{{}{q} ¯±¬¶³¬±¬¼¶½±¯³±¾®°¹¬¶°
}}}|~|} ²®¯¹¯½®¹¾³¬¹¬¶·¶¯¬³
{~ ¹¿ÀÁ°ÂÄÂÅÆÂÇÈÉÊËÌËÈÍ
{ ¡ ¢¤{{ ²ÀÇÂÂÍǶÂ
¥~¢¦¢§¤¢ ¨ ¶ Ç¿¿Â · À¿ÀÁº ÍÊ
©¢~¢¡¢ª ´Â¿¿±Âǿ³ÍÂ
{§} ~} |§} }§ } Ȳ®¯¹¯½®¹¾ º®³µ·¹¯¹¶·¶¯¬±»¶½¬® ¶³
||}}¥¦ª ¹¯°«±¾®½®¶³ ÄÀÂ
¢¢ ¢¥¦ª ½ÇÂÇ¿ ÄÀÂ
! "$%% &&'()$*+,-'(-/)0 ,-10/0 2)/' ; 9..12 52<45.687 #9.2=.12 >54O<?D9@6DOD
"+)3 ! ')1-1,(,)+!1" ! &3-+4+-)$1&1"+)5"" 2@<4O52 .4 52#6.56A 6 52<5228.2# BC .12
0 -1$%60 -1$%,"+%()1! )1 -+",+/ $% $7$% 955C6879D4O8.49291949968986992.
!1-81,$ ' ! &'()$ '(-1-1 ,+/ $% $ <5228.2#68.124846#9.2#.9.2D28.499689869
,($-(&1! -1$: <46.648e
2)/'"1! ,0+01&1,1,($-+$")-1)1-1,(,)+!1",)+$ 012>54O<19844828.59.6484952#6.56A96.
'1/"$%/-3 4+)-&! )14 $7,'+&$%% $: .59#25226E9B2529.2.495728ODB2549O.6D9.2
O.4D25e
F 4+&!14 G 31$10+$/$8/,,$ $ &1- /0/) -+" 012 .9B2B24L 52<5228..12 97687 989C649
,+/ $% $2)/' ' ! "$%% &H I+-+04+)JKJH 9689869 92. 49 .12 >54O< 9 49
! $JKJJ: M22DB25NP=QRQN98#QRQQe
~S°ÂÄÂÅÆÂÇÈÉÊËÌËÈ
§ { § {¤ }{¢ ¢q
{¤ {¢ }¢¢S«Í¿°ÂƯÀ®Å ÍÇÂ
¢
q}¢¢T ¢ ~¢[
¯ÂÂÇ Í¿°Â U ¢S UX ¢S XU[ ¢S ¢S·ÀÇÂ
{ ÀǮŠÍÇ ÉVÈÌÍW¿ ÈÉVYÌÍW¿ YÉV\ÌÍW¿ Í\Ì°ÍW¿
] -! $-+") , -^_9198#912`O6E928. Ja:b:cda Ja:b:cda 6 6 6 6
1/"$%^;4O8.5226E9B2
f- 3 ^059#2g
13 ,,+"1% ^0165#<95.62 d:cbd:K :Ha:aJd c:ca Hcb:b Hc:KH Ha:bJJ
+$71-13 $ "- +$/)/$ $h1&1^;4L982
945ZD<965D28. ia:JdKj 6 6 6 6 ia:JdKj
13 ,,+"1% 6$+"(^0165#<95.62k82. d:aJb:aK :Ha:aJd c:ca Hcb:b Hc:KH JHd:dJ
13 ,4+)+&-1^l29.2#<95.62 :K:dd :K:dd 6 6 6 6
m/,$/- 3 ^n48k.59#2g
13 ,,+"1% ^0165#<95.62 JaJ:abd JaJ:abd 6 6 6 6
13 ,4+)+&-1^l29.2#<95.62 J:da J:da 6 6 6 6
1/"$%'&-0 64 %1$&$5 )^o9D9
5226E9B2kO5528.<45.648 H:KJ H:KJ 6 6 6 6
r-+""1! ,&$5)&1$$7 6 1/"$%8$%,
' $8$%^s.125848kO5528.92.kt487k.25D
5226E9B2 Hb:KH Hb:KH 6 6 6 6
1/"$%'&-0 64 %1$8$%, ' $8$%^o9D9
5226E9B2k487k.25D<45.648 cK:aad cK:aad 6 6 6 6
u$v+-"-18$%, '+$!+,^w145.k.25D
68E2.D28. a:H:Hac a:H:Hac 6 6 6 6
u$v+-"-18$%, ' $8$%^t487k.25D
68E2.D28. :cK:H :cK:H 6 6 6 6
{ xy[[ [ [x[y [zxz [ XX
Page 306
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qxyz{|}||{~~~x ¨©«¬®¯®®°±²°³°´¶²´±·©¸²
{zzxyx~zz ¶¬«©°°±¸°««¶·«³°
xxzx~q|z ¬®©³°©®©¹³º®¬°®»«¶©³
zz|z~|y{~yz ¯«¬¶¬º«¶»°©¶©³´³¬©°
x{ ¶¼½¾¿Á¿ÂÿÄÅÆÇÈÉÈÅÊ
x ¡xx ¯½Ä¿¿ÊÄ¿³¿
¢{£¤¡¥ ³ Ä¿¼¼¿ ´ ½¼½¾· ÊÇ
¦{§ ±¿¼¼®¿Ä¼¿°Ê¿
x¤z{z y¤zz¤zy~y| ů«¬¶¬º«¶» ·«°²´¶¬¶³´³¬©®¸³º©« ³°
zz¢£§ ¶¬¨®»«º«³° Á½¿
¢£§ ºÄ¿Ä¼ Á½¿
!"#%&! ' (&)&*")+),+--) ) #&/ +*+0 /"1 012 .9=2=24> 52?5228..12 97687 989@649
-"+ )2 ) 30+4 4% 1)22 # 968986992.49.12A54O?949B22D=25CEF
56"/"*!"07875% )7877:#),+1);< GHGC98$GHGGI48.68O2$Je
{K¿Á¿ÂÿÄÅÆÇÈÉÈÈ
¤ x¤x¡ zxqzK
x¡ x ¨Ê¼¿Ã¬½«Â ÊÄ¿
qzL {S
¬¿¿Ä ʼ¿ MK MQK QMSK Ḱ½Ä¿Ê
x ½Ä«Â ÊÄ¿ ÆNÅÉÊP¼ ÅÆNRÉÊP¼ RÆNTÉÊP¼ TÉÊP¼
U /% )/"10 - /VW9198$912XO6Y928. 7[<\[<\ 7[<\[<\ ] ] ] ]
^&+1)2V_4O8.5226Y9=2
`/ ( V059$2a
^&( --"1&2 V0165$?95.62 <\<7b [<\<b8 <88<57c 5[<7c\ c\<[\c 5<5[
^")d&/&( ) 1/^")+0+) )f&#&V_4>982
945ZD?965D28. :8<b; ] ] ] ] :8<b;
^&( --"1&2 ])"1gV0165$?95.62h82. <c8[<[5[ [<\<b8 <88<57c 5[<7c\ c\<[\c 78[<8
^&( -!"0"#/&Vi29.2$?95.62 <b[<88 <b[<88 ] ] ] ]
j+-)+/ ( Vk48h.59$2a
^&( --"1&2 V0165$?95.62 58<\b7 58<\b7 ] ] ] ]
^&( -!"0"#/&Vi29.2$?95.62 c<5 c<5 ] ] ] ]
^&+1)24#/* ]! 2&)#)l 0Vm9D9
5226Y9=2hO5528.?45.648 5<b 5<b ] ] ] ]
n/"11&% -#)l0#&))d ]^&+1)2,)2-
4 ),)2Vo.125848hO5528.92.hr487h.25D
5226Y9=2 55<bc 55<bc ] ] ] ]
^&+1)24#/* ]! 2&),)2- 4 ),)2Vm9D9
0"l"&s!#"/h487h.25D?45.648 \5b<c57 \5b<c57 ] ] ] ]
t)s"/1/&,)2- 4")%"-Vu145.h.25D
68Y2.D28. \b<5 \b<5 ] ] ] ]
t)s"/1/&,)2- 4 ),)2Vr487h.25D
&)s"/1*")1/ <b87<c\ <b87<c\ ] ] ] ]
x Q SSvS v wQvS vSwSv wQ
Page 307
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
pqrstuvuutwxywzw{|y{x}q~y ¡¢¤¥¦§¨§§¦©ª«©¬©¯«ª°¢±«
t|szsqrq|w|s|ys| ¯¥¦¤¢©©ª±©¤¦¤̄°¤¬©
|q|q|s|q|w|pu}|s ¥§¢¬©¢§¢²¬³§¥©§´¤¦¯¢¬¦
yzx|s|syuswurt|wr|s ¨¤¥¯¥³¤̄´©¢¯¢¬¬¥¢©
q t ¯µ¶·¦¸º¸»¼¸½¾¿ÀÁÂÁ¾Ã
x q ~q q ¨¶½¸¸Ã½¸¬¸
t } ¬ ½¸µµ¸ ¶µ¶·° ÃÀ
yt ª¸µµ§¸½µ¸©Ã¸
qxx|st|syz~r|y|s{|s|z{zs}rwryu ¾¨¤¥¯¥³¤̄´ °¤©«¯¥¯¬¬¥¢§±¬³¢¤ ¬©
yzx|s|s ¯¥¦¡§´¤³¤¬© º¶¸
} ´ ½µ
!"#%&'()*+,+%-"-/-012-0#-,-3+/0+"'(+&#()0-( 012 :54O; 992 6<O6$6.= 56> ?29O2 6.D9=
+0+( &'('&#- 0'/#2-3+( 284O8.25 $6996O.= 68 D22.687 6. 48.59.O9
,+2+& &'&'(#*- 0'4+5-6+( ,+( 01&-3&'( 4?679.64898$4DD6.D28.e
01(3"+03#+2(7+8
!"#%&'()'212+%"1@-22-0#-,-3+/(7+#(3#0&'&6-+7+- 012:54O;D989726.6<O6$6.=;54962.4?29?2.4
6'2+(5+&1,+2,+(&'2#(+/-#3+()7+()5+3#*3'&%1 968982 6. 9;6.92B;28$6.O52 98$ 25C62 6.
,'()+(A+"+&'(5+)+3-()0+30+/,+(/'3+"+0+/ D9.O5687$2?.?=D968.968687O996628.9198$
,+( 0'3'"/',-++( %'(,+(++( &'2+2#- 5#&2+* 91 2<O6C928.E98$ .12 9C969?66.= 499O8$687
01&-3&'(@+/-2-3+/0"',-37+()&'&+,+-8 .154O71989$2<O9.29D4O8.494DD6..2$52$6.
9966.62e
!"#%/'A+"+"#3-(&'()'F+2#+/-%"17'0/-+"#/0+/ 012 :54O; 527O95= 2C9O9.2 6.;54I2.2$ 98$
,+(+"#/0+/+03#+2G,+(3'"#/&'('"#/&'&+(3+# 9.O991 94J 68945D9.648 98$ 48.68O4O=
01(,-/- %+/+" 0'#+()+( #(3#0 -(-/-+3-@ 922 48$6.648 68 .12 9689869D95>2. 945
%'())+2+()+( ,+(+8H(-/-+3-@-(-&'(A+0#% #3+() 4;;45.O86.62 .4 ;O5O2 9O8$K596687 686.69.6C2e
,+(%-(5+&+(6+(0G,+(%'('"6-3+('0#-3+/%+/+" 0122 686.69.6C2 D9= 68O$2 ?98> 498 98$
&1,+28 ?4554J68798$2<O6.=D95>2.6O2e
L+6'2,-6+4+*-(-&'"+()0#& %"1@-25+3#*3'&%1 012.9?2?24JODD956N2.12D9.O56.=;5496249
2-+6-2-3+/ 0'#+()+( !"#%G6'",+/+"0+( +"#/ 0+/ .12:54O;P968986969?66.62E?92$4848.59.O9
01(3"+03#+27+()3-,+03'",-/01(31M O8$64O8.2$;9=D28.Q
tR¦¸º¸»¼¸½¾¿ÀÁÂÁ¾
tS tS
R U R
T U R ¶½¸Ã
q ¿ ¸Ã½ T ¿VW ¸Ã½µ W ¸Ã½µ
X3+()6+(05+()0+%'(,'0G _145.K.25D?98>498E
A'"#0+(G,+(#3+().5O. 4C25$599.98$.5O.5226;.
5226;. Y8[\8] Y8[\8] ^ ^ ;9=9?2
X3+()#/+*+ `8]`]8a` `8]`]8a` ^ ^ 059$2;9=9?2
X3+()2+-(^2+-(^b-*+00'3-)+ 8̀]\8c`] 8̀]\8c`] ^ ^ d.125;9=9?2K0165$;95.62
f'6+(+0"#+2 8\c`8̀\c 8\c`8̀\c ^ ^ g5O2$2B;282
h-+6-2-3+/-&6+2+(0'"5+5+()0+ _145.K.25D2D;4=22?28296.
%'(,'0 8]`8\c 8]`8\c ^ ^ 69?66.=
X3+()6+(05+()0+%+(5+()7+()
5+3#*3'&%1,+2+&4+03#/+3# iO5528.D9.O56.62
3+*#( 49487K.25D?98>498
b1010%-(5+&+( [8\[`8` [8\[`8` ^ ^ j5686;9
X3+()6+(05+()0+%+(5+()
/'3'2+*,-0#"+()-6+)-+(7+()
5+3#*3'&%1,+2+&4+03#/+3# k487K.25D?98>498K82.
3+*#( 49O5528.D9.O56.62
b1010%-(5+&+( 8\`c8Y\a ^ 8\`c8Y\a ^ j5686;9
X3+()162-)+/-5+()0+%+(5+() l48$;9=9?2
b1010%-(5+&+( [8[`8[ ^ ^ [8[`8[ j5686;9
X3+()5+()0+%+(5+()2+-((7+ k487K.25D$2?.
b1010%-(5+&+( c8`] c8`] ^ ^ j5686;9
h-+6-2-3+//'4+ []8\[ a8̀`a 8c] ^ k29269?66.62
X3+()0'%+,+%-*+06'"'2+/- Y]\8] `\8\\ `c\8Y] ^ mO2.4529.2$;95.62
f'6+(6#()+&+/+,'%+( [c8[]8caa [8\[8[ 8[]8c`` c8aYa8] nO.O5268.252.2B;282
Page 308
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
qz{|}~~~} z ª«®¯°±°°¯²³´²µ²¶¸´¶³¹«º´
} ||z{z | | ¸®¯«²²³º²¯¸¹µ²
z z | z q~ | ®°«µ²«°«»µ¼°®²°½¯¸«µ¯
| |~|~{} {| ±®¸®¼¸½²«¸«µ¶µ®«²
z} ¸¾¿À¯ÁÃÁÄÅÁÆÇÈÉÊËÊÇÌ
z ¡£zz ±¿ÆÁÁÌÆÁµÁ
¤}¡¥¡¦£¡§ µ ÆÁ¾¾Á ¶ ¿¾¿À¹ ÌÉ
¨¡}¡ ¡© ³Á¾¾°ÁƾÁ²ÌÁ
z¦ |} |{¦ | | ¦|{{~ DZ®¸®¼¸½¹²´¶¸®¸µ¶µ®«°ºµ¼« µ²
| |¤¥© ¸®¯ª°½¼µ² ÿÁ
¡¡ ¡¡¡¤¥© ½ ƾ ÿÁ
!"#%&'(#")"*(+(,%-"+/01, 2-34(&5"61*6%,23 012.9?2?24@ODD956A2.12D9.O56.BC5496249
&("#(&(6"7 0%1"+/"+ 8-12:#%-'"7"-0"+ "-17 0"7 .12E54OCF968986969?66.62G?92$4848.59.O9
03+6-"061"&;"+/6('"06%-'(703+63<=&"+516"+> O8$64O8.2$C9BD28.HI48.68O2$J
}K̄ÁÃÁÄÅÁÆÇÈÉÊËÊÊ
}L }L ¡¡
K £¡ NK
M NK ¶¿ÆÁÌ
z È ÁÌÆ M ÈPQ ÁÌƾ Q ÁÌƾ
R6"+/#"+05"+/0"2%+'%0: Y145.[.25D?98\498G
S%-10"+:'"+16"+/.5O. 4]25$599.98$.5O.5226C.
5226C. TUVTUWT TUVTUWT X X C9B9?2
R6"+/17"*" TU^WVU^ TU^WVU^ X X 059$2C9B9?2
R6"+/&"(+X&"(+X_(*"00%6(/" UT`aUb UT`aUb X X c.125C9B9?2[0165$C95.62
d%#"+"0-1"& ^UaaUVba ^UaaUVba X X f5O2$2gC282
h("#(&(6"7(,#"&"+0%-5"5"+/0" Y145.[.25D2DC4B22?28296.
2%+'%0 UTUW UTUW X X 69?66.B
R6"+/#"+05"+/0"2"+5"+/;"+/
5"61*6%,23'"&",)"0617"61 iO5528.D9.O56.62
6"*1+ 49487[.25D?98\498
_30302(+5","+ UaVWUTb UaVWUTb X X j5686C9
R6"+/#"+05"+/0"2"+5"+/
7%6%&"*'(01-"+/(#"/("+;"+/
5"61*6%,23'"&",)"0617"61 k487[.25D?98\498[82.
6"*1+ 49O5528.D9.O56.62
_30302(+5","+ aUVbTUV X aUa`U^ ^TU^ j5686C9
R6"+/3#&(/"7(5"+/0"2"+5"+/ l48$C9B9?2
_30302(+5","+ VÙaWUaa X X VÙaWUaa j5686C9
R6"+/5"+/0"2"+5"+/&"(++;" k487[.25D$2?.
_30302(+5","+ UWT^ UWT^ X X j5686C9
h("#(&(6"77%)" TUbV `U^Tb `bUW^V X k29269?66.62
R6"+/0%2"'"2(*"0#%-%&"7( abbUa^ VbUbbb TbUa^ X mO2.4529.2$C95.62
d%#"+#1+/","7"'%2"+ ^bÙ`VUT VU`TUW WUW^`UV VUbTWUWba nO.O5268.252.2gC282
q ¡¡ ¡o¡ ¼ÌrÁ¾ ¯ÁžÌƾrÀƿıÌÃr
q ¸ÃsÁ¾
q| K
®¿PÃ̾¼ÌrÁ¾
qt q
¡K q o¡¡K
}K | K ±¿ÆÁrµ ÃÌrÁ ªÆ¿s¾¿ ¡u¡K }K
¯ÁÃÁÄÅÁÆÇÈÉÊËÊÊ ®Á¼Ì¾±¿ ¶¿sÁÄÁ¾ ¶¿sÁÄÁ °Áƾ ¯ÁÃÁÄÅÁÆÇÈÉÊËÊÇ
_(+5","+5"v>+/0"
2"+5"+/ TUb`U^ =UWbU^^V> =`^UbTW> ^VU ^bUbb UU`T` k487[.25D$2?.v>
_(+5","+5"vv+>/0"
2%+'%0 TUVTUWT UbaUVb =WaU`W> X X aUVbU^WW Y145.[.25D$2?.vv>
¦¡¡¡¡ «¿Ì ÌÅ Á¾
¡o¡ ÀÆ¿ÄÀÌÃr
£ wwwwNxx ¤wxN© ¤yxyN© wNxyw ÌÃsÁ¾
Page 309
01245676894846$9/2$9689869/9/2D28/68O$2$125268
95268Z8$482698987O972e
qyz{|}~}}| y ©ª¬®¯°¯¯®±²³±´±µ·³µ²¸ª¹³
|{{yzy{{ ·®¬ª±±²¹±¬®¬·¸¬´±
yy{yq} { ¯ª´±ª¯ªº´»¯±¯¼¬®·ª´®
{{}{}z|z{ °¬·»¬·¼±ª·ª´µ´ª±
y| ·½¾¿®ÀÂÀÃÄÀÅÆÇÈÉÊÉÆË
y¢yy °¾ÅÀÀËÅÀ´À
£|¤¥ ¢¦ ´ ÅÀ½½À µ ¾½¾¿¸ ËÈ
§|¨ ²À½½¯ÀŽÀ±ËÀ
y¥{|{z¥{{¥{ zz} Æ°¬·»¬·¼¸¬±³µ··´µ´ª¯¹´»ª¬ ´±
{{£¤¨ ·®©¯¼¬»¬´± ¾À
£¤¨ ¼ Ž ¾À
q! »Ë"À½ ®ÀĽËŽ"¿Å¾Ã°ËÂ"
q£¤¨ ·Â#À½ ¾À
q{ %
¾&Â˽»Ë"À½
q' q
% q !%
|% { % °¾ÅÀ"´ ÂË"À ©Å¾#½¾ (% |%
®ÀÂÀÃÄÀÅÆÇÈÉÊÉÇ À»Ë½°¾ µ¾#ÀÃÀ½ µ¾#ÀÃÀ ¯ÀŽ ®ÀÂÀÃÄÀÅÆÇÈÉÊÉÉ
)*+,-.-+,-34+01-
2-+,-+0 567587: ;5<=5:=84 55 75<78 ;:57=:4 8565<7 >487?/25D$2@/34
)*+,-.-+,-33+401-
2A+BA1 757685C= 5=:5C< 8==5<88 E E 85=85C8 F145/?/25D$2@/334
G*-H*I*J-K,-+01- M/125145/?/25D
2A+BA1I-*++L- 5=C5<8C ;5775884 8:5: E E E 69@66/N
¥ ª¾Ë ËÄ À½
! ¿Å¾Ã¿ËÂ"
¢ PQP £RPPRRS¨ PRQ ST £QQ¨ QQQQTSS ËÂ#À½
34UAVB*
V*B-V*WJ-+0,-+01-2-+,-+0XWJ-+0,-+01-2-+,-+0I-*++L-XWJ-+01A2-B-2*Y-1E2*Y-1HAVAI-K*XB-+WJ-+0[HI*0-K*\]486/49487?/25D@98^498_4/125487?/25D
$2@/_$O2/4529/2$`95/62_98$@48$`9N9@2e
334U*
B-1JAV.-KW1aAVW1-+\2bO$24c25$599/e
»¾Ãþ ÅÂÀŽ
dVW2JAV1A+-B-.2-1V*K*1[Y-V0-1[.[B*J-K-1*H-J 012i54O`62b`42$/44DD4$6/N`56256^$O2
HAHAV-2- f-1J[VX -+J-V- I-*+ aW-a-X 1AH*,-1-+ /4 25/968 99/45_O1 9j29/125_74c258D28/
2A.AV*+J-YXJ*+01-J2AV.*+J--+ B-+ 2A+-g-V-+ `4662_2c249$2D98$98$O``N68/12D95^2/
2-K-VB-+ I*+01W+0-+ A1[+[.*0I[H-I5h-.2-1 98$ /12 74@9 2484D6 28c6548D28/e FO1
JAVKAHWJJAVWJ-.- J*.HWIB-V*2A.HAI*-+ .*+L-1 2b`4O52D968N9562954D 6/`O519249]kM
1AI-2-K-g*JXB*.-+-.-V,*+I-H--J-K2A+,W-I-+ j1252 /12 `5496/D95768 48 92 496/ 968612$
H-V-+0 ,-B*B-2-JJAV2A+0-VWY,*1-Y-V0-.*+L-1 `54$O/D9N@29992/2$69/124/49]kMlj161
1AI-2-K-g*J;L-+0.AVW2-1-+H-Y-+H-1WWJ-.- 6 /12 D968 59j D9/2569O2$ 68 /12 5296825N
L-+0 B*0W+-1-+ B-I-. 2-HV*12A+LWI*+0-+ W+JW1 99/4562/4`54$O22$6@24698$99/`54$O/m
.A.2V[BW1K*.*+L-1B-+IA.-1+-H-J*4.A+*+01-J 68529298$/12i54O`6O89@2/4`9O14/
B-+ dVW2 J*B-1 B-2-J.A+0-I*Y1-++L- 1A2-B- 685292/46/O/4D25e
2AI-+00-++L-5
n+JW1 J-YW+ L-+0 HAV-1Y*V 2-B- J-+00-I 7 o45/12N29528$2$r22D@25st_uvus98$uvuu_
hAKA.HAV=6=7B-+=6==X1AH*,-1-+dVW2-B-I-Y /12i54O`w`46N6/19/8412$768768/1296$
W+JW1J*B-1.AI-1W1-+I*+BW+0+*I-*-J-KV*K*1[Y-V0- 4DD4$6/N`56256^19@2O8$25/9^28e
1[.[B*J-KJAVKAHWJ5
xAH*,-1-+ dVW2 -B-I-Y W+JW1 .A+*+01-J1-+ 012i54O`w`46N6/46852926/29?O996628N
Kg-KA.H-B- .*+L-1 1AI-2- K-g*JB-I-. 2V[KAK 68 O``N 49]kM 945/12 5296825N 4`259/648/4
2A+LWI*+0-+W+JW1.A+0WV-+0*V*K*1[H*-L-H-Y-+ 52$O2 /12 2b`4O52 4959j D9/25694/ /4
H-1WJAVY-B-2fIW1JW-K*Y-V0-1[.[B*J-K5 9O/O9/648684DD4$6/N`562e
Page 310
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | °±³́µ¶·¶¶µ¸¹º¸»¸¼¾º¼¹¿±Àº
|| ¾´µ³±¸¸¹À¸³µ³¾¿³»¸
|||q ´¶±»¸±¶±Á»Â¶´¸¶Ã³µ¾±»µ
·³́¾´Â³¾Ã¸±¾±»¼»´±¸
| ¡ ¾ÄÅƵÇÉÇÊËÇÌÍÎÏÐÑÐÍÒ
¢£¤|¥£¦¤¥§©¡||£¢ ·ÅÌÇÇÒÌÇ»Ç
ª§«§¤¡¬£¢£©§¥ » ÌÇÄÄÇ ¼ ÅÄÅÆ¿ ÒÏ
®£§§¦¢¤§¯ ¹ÇÄĶÇÌÄǸÒÇ
q|q Ͱþ¸¼¾¿»Â»³¾Àû¸
µÇÉÇÊËÇÌÍÎÏÐÑÐÍ µÇÉÇÊËÇÌÍÎÏÐÑÐÐ
!"$%&' ()*++),+ ()*,)*- /9D952260912
2!3 & 4 !$2! 5 ! !! % 6),7-)7,8 6)*:*)*+78 ;4<9829456D=965D28.
>? % @ A@ @B A 04.9
C E 5!" F " !%!G5 *)( *)7: H2O5528./45.648
q§£¢©§¢§¡¤® @ AAI @JA °ÒÄÊÒÌÇÉÇKÒËÇÄÏÅÉÌÌÇ ÅÌÅ
L2F ME! $2'25 ! 4 N!P?!2& '2Q M FE! 012 Z8#482698 740258D28.=46d 52fO652 .12
$25 &4 ! $25E2F ! ! ! E'2'F !" ! 52 =98.9.648 4D=9862 .4 #2024= =9D9
$25E2F ! ! ! 5E3 ) R24 F !" ! P2!" ! =98.9.648g=25h21O89868.659hd9.iej29.602.4.16k
E2F ME! 25&2F ST! &U2! &V! ES3 WRN S lO16#69562k89D2dHlZ/kmZl/knlkorZlksn/k
XNR SYRS[\NRSLY S]V S[LRSXRVS^RSX NS j;/koslkml;ktlkm/Zklurk/Z/kv/Z/kZu/98#
R_\S N S` N SN_ P !N 6&2G5 F25&' U&' Z/ g42.602d 5292552# .4 9 .12 wrO2O
P &2F &2F " a 25 &4 ! N! b8S '2' % E o4D=9862xik19024DD6.D28.<6.120259syz
E?' '2!P2!" !F2F25$ LcC3!"'2Q P 4 52=5228.687 .12 =9D9 995D25 .4 #2024=
$2 ! $%&' ! E'2!"2'F !"E!$25E2F ! ! =98.9.648O8#25.12=9D912D2e
$%&' )
2'F 3 ! & $2!"2'F !" ! $25E2F ! ! 01296898687 49.122 =9D9 =98.9.648 952
$%&' ! P $25?%24 '2%% $ !M' ! P 5 =5406#2# 1d .12 198h 45rO2O o4D=9862e
F !E ' $ ! $2'F 3 ! %!"& !" ?%24 rO2O o4D=9862k2{O602 49mZl/k=5406#2
25 &4 ! N! ) 25 &4 !N! S P E 25' & E 45=459.27O9598.22.4.12529.2#52#6.9966.62
XNR S'2'F25 E!M' ! !$25 & 4 !6G?5$?5 2 =5406#2#1d.12198he
" 5! 228 ! E $2% ! &! $ !M' ! &
$2'F 3 !3!"P $25?%24P 5 F !E)
P & $25E2F ! !$%&' 2%4'2!"4 & %E!S 128.12=9D9=98.9.648.95..4D9.O52k.12
$2 ! $%&' F25E2Q M F ! ! E'2!M %&2% 5 4 =9D9995D2595241672#.429.126519502.
4 & %$25E2F ! ! 25&2F E2$ P 25 &4 !N! S .4 .1252=2.602 rO2Oo4D=9862k98# 19
P ! '2% ! & !"& 5! & }& % & $ !M' ! 52=9d .12 68.9D28. 945.12 52#6.6802.D28.
!~2& & 3!" P F25 E! ?%24 F !E 9966.6241.9682# 954D .12 198h45.12 rO2O
25 &4 !N! &2& &E2' $2'F 3 ! $U $ o4D=986268945#982<6.1.1212D249.12
$5?32EP2!" !'2!"" ! E!P ! 3!"P $? ?!" =9D9 =98.9.648 #2024=D28. O687 9O8#
P 5 $2!M %!4 & %$25E2F ! !$%&' 25&2F ) #2#O.2#954D .12=5422#49.1296#9249
=9D9=98.9.64819502.e
Page 311
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qz{|}~~~} z ª«®¯°±°°¯²³´²µ²¶¸´¶³¹«º´
} ||z{z | | ¸®¯«²²³º²¯¸¹µ²
z z | z q~ | ®°«µ²«°«»µ¼°®²°½¯¸«µ¯
| |~|~{} {| ±®¸®¼¸½²«¸«µ¶µ®«²
z} ¸¾¿À¯ÁÃÁÄÅÁÆÇÈÉÊËÊÇÌ
z ¡£zz ±¿ÆÁÁÌÆÁµÁ
¤}¡¥¡¦£¡§ µ ÆÁ¾¾Á ¶ ¿¾¿À¹ ÌÉ
¨¡}¡ ¡© ³Á¾¾°ÁƾÁ²ÌÁ
q{z |q ¤¥© Ǫ½¸²¶¸¹µ¼µ¸º½µ² ÿÁ
!"!$%& ' (() %* !+%!& ( !*+ , =O2O >4D?9862 94 ?54@6#2 498 .4 .12
+$ !%+- ( !$ *, ! +!'() !' !*) ! 52?2.6@2?9D9995D25.4#2@24?.12?9D9
, ! !$ *(() / !' !+%!& ( !, !)) ! ?98.9.64898#.452?9A.1249868.9D28.98#
) !' / !'$%() -, %+%!& ( ! ,% $ *+ , .12529.2#68.252.19572.4.1252?2.6@2B98CE
( %!'0( %!') !*1* ! %-+!& - !234 682.12#2#O.648954D.12?5422#954D FFG
, %+ *) ! !+- ( $ * %$)- ( (!5 * +% 92 952 84. A2. O996628. .4 4@25 .12
!$ * (()% / % +!'- !0+!'- ! 9B4@2HD28.6482#2I?28#6.O52e0122498J6B2
$ ) $,% $ 6%!& ( !$ ) $ * !,%- ! % 52?96#BA.1252?2.6@2KLMJ128.12FFG92
7- ( %!'0( %!'8:;+ , $ %-+!& - ! 954D .12 96# ?9D9 ?98.9.648 952 9529#A
234 , % + *) ! ! +- ( $ ) $ , ?54@6#687?46.6@282.9194Je
(!' %-* ! * !$7/ !'+7 %$%<6
:!$ * + 7/* +- ( / !' ,%- * * ! 7- N41 F45?9D9?54T2.D9#2BAUVE52#6.9966.62952
< %-%$ +%!& ( !,%) %* !- !' !'7- * ,%$7 ?54@6#2##652.ABA.1252#6.45.4.12 =O2O
*+ , !"!$%1 %!'' -,7+%!& ( ! >4D?9862E .12529452E 498 B9982 J252
,%5 $ $7- !"!$%6 , $+ *) ! ! 5245#2# BA.12 =O2O>4D?9862eW128 .12
+- ( $- (!' %-* ! , ! ,% !'' + ?9D9 ?98.9.648.95..4 D9.O52 98# XO96962#
((! % * %$ % ) , * ! +!%- % ! <% %* B92# 48 ?1A6992D28. BA M652.459.2
$ ! ( ! / !' ,%- * * ! 7- +% * ;% *$7 $ U28259 49 Y.9.2 [\M652C.459. ]28#259
P!, - *) ! !1 ;%! *) ! ! , ! ^25C2BO898_`EY.9.2a728A[\M689^25C2BO898_`
* ,%$7 1 ( * *7!Q % * ! ,%- * * ! , - ( 98# .12 52#6.45E48@25648 J6B2 2I2O.2#
)!$ *!7Q %R+() ! $ !'S6 , $%$ 1 .154O71 9 84@9.648 [498 5282J9`EJ1252BA .12
! "!$% * !(!' -%* ! -,7 +% $ !' =O2O >4D?9862.598925?9D9 5226@9B2
+- ( , ! $ !') !**+ , 8:;, ! -% % 98#B98C498B9982.4KLME98#98A#69925282
/ !' $%() - * ! ,% * %+ , - ) '%64$- 956687J6B2524786b2#68.12?5496.454ea9.25
,%- * * !*7!Q %1 !"!$% * !) $%!, * .1248@25648E.12=O2O>4D?9862J69.9
) ' %+!& (%! $ $ !') !*/ !',% -%* ! 7O9598.45945B98C498.59892552#.4KLMe
*+ , 8:;6
, $ !'' -c; () dfdc1+!'() !' ! a 49M22DB25mnEoromE.12 U54O?s ?9D9
+- ( 7- N + $- (!5 + %+! ! ( ! #2@24?D28. 4D?562 trEuvw 12.952
- gf6hij *$ Rc; () dfddkgf6 [M22DB25mnEorooxtrEyyn12.952`[O89O#6.2#`E
*$ SR$%, * ,% ,%$S1,%( ! + *) ! ! J1252BA wrEmmm 12.952 [M22DB25mnEoroox
- jf6ccc *$ Rc; () dfddkjf6ccc wrEmmm12.952`[O89O#6.2#`49J16119@2B228
*$ S R$%, * ,% ,%$S $- ,%*7!Q % , ! 48@25.2#98#198#2#4@25.4.1252?2.6@2KLM
,% $ %( * !*+ , ( %!'0( %!'8:;/ !' 52?5228.687.12^9D9F95D25e
(l , %$ !%- ( 6
Page 312
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qvwxyz{zzy|}~||~}v~ ¦§©ª«¬¬¬«®¯°®±®²´°²¯µ§¶°
yxxvwv|x~x ´ª«©§®®¯¶®©«©´µ©±®
vvxv|qzx ª¬§±®§¬§·±¸¬ª®¬¹©«´§±«
~}xx~zx|zwy|wx ©ª´ª¸©´¹®§´§±²±ª§®
vy ´º»¼«½¿½ÀÁ½ÂÃÄÅÆÇÆÃÈ
}vvv »Â½½È½±½
y¡¢£ ± ½ºº½ ² »º»¼µ ÈÅ
~¤y¥ ¯½ºº¬½Âº½®È½
qw}vxq| ¡¥ æ¹´®²´µ±¸±©´¶¹±® ¿»½
! "$%&'( ")*$*! " +$( " " ""*%* 012 D442D28.68 .12 59982 49946982 945
& " ,' +*$$*-/0(* +"1(%$, & %!$ 1 * 6D7965D28. 98# 8Z: 9D45.6;9.648 49 79D9
*2 +3 5226495295299446<
yV yV
«½¿½ÀÁ½ÂÃÄÅÆÇÆà «½¿½ÀÁ½ÂÃÄÅÆÇÆÆ
- %&' C % E>Y>E>[] ^^\E@Y F2768868759982
")*$*! "+! " B%" YE[] >Y^E>> j46982#O5687.12S295
|m noron sto ±u¶ÈÈ¿½
/ & $ 2 "( " % ! " +$(* +"1(%$, & * F92#489524626 49.1279D95226495249
+*(=+*(( ') 2( & +"11 %>? $ , @>A 291 754G2. 9 49 H22D525 IJK LMLIK
, " B , " 2 )2*" " !C ( ")*$*! " +$ D98972D28.526242.19..1296#946982945
( " " " "*%*(* +"1 (%$, + $ +& ( + 6D7965D28.4979D9522649526O996628..4
, " + ( 2 1*" )"1 , "12*" +*, % 2* + 442542956687954D .12O842.65279D9
(* +"1(%$, )"1+2+ +1*!E 52264952e
N $*%*+$(*"B, "( +"*(%$, 2 ( & "2&* 0124989966.62954D.12598R9522O52#5S.12
+$&*B,*" & "1 " (* +"1 ( ( +"*(%$, 52264952 49.12 79D9 995D25 956687 954D
)"1 +*, %& *( "B %" ( '& 2A( 2 " " 92496.754#O.K.12529.2#79D9798.9.648K
(%$, + 2*+ & " B,*" " ( $! " & * 98# 457459.2 7O9598.22 954D .12 5272.642
, $*"1=, $*"1 $! " P"+*$ $ *& "1 " TO2OU4D7986268945#98266.1.12O.66;2#
B ,%!Q$*%*+$(*"B, ")"1+ %!&*1 " 2"( & 9D4O8.49.129966.6299.H22D525IJKLMLI
+"11 %>? $ , @> & %!$ 1 * *2 +3 95299446<
yV yV
«½¿½ÀÁ½ÂÃÄÅÆÇÆà «½¿½ÀÁ½ÂÃÄÅÆÇÆÆ
W ,*" "& *XP YE>[\ ]E@^[ _O9598.22954D`aZa
W,*" "& *-/b ]YEY>> ^YE[[ _O9598.22954DcFT
W,*" "& *d- YE^ = _O9598.22954D_c
W,*" "& *f-P ^E]\\ \EY[ _O9598.22954DgcZa
W,*" "& *hi E^ >E]> _O9598.22954D:ja
W,*" "& *P [E] YEY _O9598.22954DZa
W,*" "& *P/ >E^\ [E@ _O9598.22954DZFa
W ,*" "& *P >E]^ YE]^@ _O9598.22954DaZa
W,*" "& *kP = E^@ _O9598.22954DlaZ
W,*" "& *k-i = >E> _O9598.22954Dlcj
Page 313
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972`
bcdefghggfijkilimnkmjocpk ¡¢£
fnelecdcninenkeqn ¡£¡¢
rncncnencnisnbgone ¤¥¦¡
kljnetnekgeigsdfnidne ¡¥¡¦¡
cvwxxvyz{f|}|~|zvw ¡§¨©ª¬ª®ª¯°±²³´³°µ
jwcvwvwxp|vvvcvwxxvyc|}| ¨¯ªªµ¯ªª
f}vvwvyv~vvwov ¯ª§§ª ¨§¨©¢ µ²
k|vyfwvvvwsvw ª§§ª¯§ªµª
zdehgomnidiltmle °¢¡
!"# "%& % '# (!)!* # # '#+!, -! 012 9445687 27D28. 68945D9.648 6 52645.2$
(% '!"! -! # !"# /! & '#&0 !-! +%* 792$48.1268945D9.648O2$78D98972D28.68
! !1% % 0 20- % &%3!+0!"#-# % 1! "%2#!, 2:9O9.687 .12 625945D982 49 291 7O682
"%& % 0"!*! '! '#'!+! % &!+ -!"#-! 27D28. 98$ 68 $2.25D68687 .12 524O52
"0 (% '!/!4 949.648`
i|x~|wg|v} ª¯µ;ª;ª§
< 0, % &-+!"# #-!"#-! -%&#!2! 0"!*! /! 012B54O6656D9568969626.7O6829.6:6.62
% 1!'#% ,!2=>?"%& % ,% !"#/! & 2% (!&# 68.494O5CEF46259.6877O68227D28.G5161
'!+! % ,!2=>?& 0,"2 !2%&#"@/!#20A 952754O62$68.494O5CEF.59.2767O682754O6G
89D28H
I < 0,J '0-K "0 % L% % %- I M48OD25N598$2$P54$O.NO682B54O6
I < 0,L &!"! # I N479956NO682B54O6
I < 0,Q& #(#" #" I S7567O682B54O6
I < 0,R#"2 #(0"# I T6.567O.648NO682B54O6
U! !1% % % ! 2!0 *!"#+ ,% !"#'! # 0 #2 X98972D28.D486.45.1246259.68752O.496.
0"!*! /! "%V! ! 2% ,#"!* &0 ! -%,% +0! 7O682O86.26959.28945.126O564249D9Y687
,% &! (#+! -%,020"! % &% !#!+ -!"#"0 (% $26648 52795$687 .12 524O52 949.648 98$
'!/! '! ,% #+!#! -# % 1!4 K# % 1! "%& % 625945D98292D28.̀[27D28.625945D9826
'#%3!+0!"#(% '!"! -! +!(!!2!0 0&# ,% !"#'! 2:9O9.2$792$48684D2454954D46259.648
'#0-0 "%V! ! - "#"2% '% &! +!(! !2!0 0&# 98$6D29O52$486.28.856.1684D2454
0"!*! ,!'! +!, ! -%0! &! - " +#'!"#! 4 954D 46259.648 68 .12 4846$9.2$ 9689869
W! 0 @ ,% '! !! < 0, =2% !"0- (%(! .9.2D28.` \452:25G .12 B54O6 96898687
-%0! &! '! ,% '!,!2! -%0! &! ?'! ,!1!- C68O$6879689822]628298$968982684D2F
,% &*!"#+! '#-%+ +! "%V! ! < 0, '! 2#'!- 98$684D2.9]2952D98972$489754O6796
'#!+ -!"#-! -%,!'!"%& % ,% !"#4 98$95284.949.2$.446259.68727D28.`
^ ! "!-"# ,% 10!+! ! 2! "%& % '#+!-0-! [92.5989.64872.522827D28.952D9$29.
'% &! % &&0 !-! *! &!/! &'#"%,!-!2#/! & 97522$ 6562.19.952 72825986D695.4 92
"%V! !0 0 *! ,# "! !'% &! *! &!,% 10!+! 6562.4.165$695.62`
-%,!'!,#*!--%2#&!4
^!(%+(% #-02# # % /!1#-! # !"#,% '!,!2! 0129445687.97265228.52:28O298$684D2G
'! +!(!'! !"%2'! +#!(#+#2!"2% 2% 20"%*0(0 &! 98$ 25.968 92. 98$ 69766.62 68945D9.648
'% &! "%& % ,% !"#< 0,4 52795$687.12B54O6_46259.68727D28.`
Page 314
01245676894846#9.2#9689869.9.2D28.68O#2#12526895268Z8#482698987O972a
cdefghihhgjkljmjnolnkpdql ¢ £¤
gofmfdedojofolfro ¢¤¢£
sododofodojtochpof ¥¦§¢
lmkofuoflhfjhtegojeof ¢¦¢§¢
dwxyywz{|g}~}}{ wx ¢¨©ª««®¯«°±²³´µ´±¶
kxdwxwxyq}ww wdwxyywzd}~} ©°««¶°««
g~wwx wzwwwxpw °«¨¨« ©¨©ª£ ¶³
l}wzgxwwwxtwx «¨¨«°¨«¶«
{efihpnojejmunmfzwxwx ± £ ¢ ©«
!" $ 9a %27D28.684D2
dwxwxyq}ww wdwxyywz{|g}~}}{&
«¶°«««®¯«°±²³´µ´±
c' l'x~}x
q}}}&¦©¨®«° oy~x~& mzxw~&
¤°¶«°© q'yw~w( ¢)°¯¨«¨¨ g~~&¨°¯© ® ¶© d'wz
cmfkotoffmdh ¢§
* $+,-$/010 -$!!$ / 23$- 45 67 68 6 5: 76 6 : 48 4 8 5: ; <7: 4 %92.42=.2589O.4D25
* $+,-$$23 !" $ :< 64 4 6:7 66 : 48 7 ; >7 6:< 76<? ; Z8.25@27D28.92
d'wzc}xwzwxf}' ABCEB {F|{CF |BCEF| CBBBA{ |{EE |||E{|| ©¶ «¶«¨
tww~ww~}y}x |FEB{{A E{A ||AEFA FA| B{ |CEAEF «)®«©®«ª°©®© «°¶©¨
q}wx'}w~zwxwxyw ¶ ©¶«©«°© «°¶)
wz'w~wx |BE « «¨«
toqokjoGo |C{BCA ¦ £ £¢
* $!H I-$/ ,$!$ 84 78 J68982684D2
K $/ ,$!$ >: 6 46? J689822=L282
*+/MI$-2 0 $!H I-$ ,$! >< ::7? J689.9=4868.252.684D2
K!I$2 - $ 2N $2I2 N I I %19526882.7968499469.298#Q468.
1$P $2,3 3 " >6 : ::? R28.O52
tww~}}z}wxww}xyw~zwx |B|B{AF ©®«¯«ª©°« ©®«¶ « «¨«
q}wxww}xyw~zwx F||B| ©®«¶ « «¨«
toqodoGkfqmpotof ||FC{E{{ ¦ £¥¢£
exS'w~j}y}xtwxxw «°«)®«ª©°®¶©
* $! -,3$"N1-1$,$! T9L6.92=L28#6.O5298#9#R982
",/,$2,/0 " -I$ 2 <8 : 86 76 74 8<8 6<8 :4 ; : 45< 576 945LO51924992.
* $U, ,2$1$"N32I I 48 7:< 47< 848 :< 6 66 5 >4 :8? : 875 <78 V2L5269.64898#9D45.6W9.648
XY[ \ 3" ,/]$2N3*, 2^Z8O#687_29#`9962
Page 315
01245676894846#9.2#9689869.9.2D28.68O#2#12526895268Z8#482698987O972c
efghijkjjilmnlolpqnpmrfsn ¡¢¤ ¢¥¦
iqhohfgfqlqhqnhtq ¤¦¤¥¡
uqfqfqhqfqlvqejrqh ¡§¡¨©¤¡
nomqhwqhnjhljvgiqlgqh ¤¨¤©¤¡¢¡
fyz{{y|}~i }yz ¤ª«¬¯°±²³´µ¶·¶³¸
mzfyzyz{syyyfyz{{y|f «²¸²¡
iyyzy|yyyzry ¡ ²ªª ¢ «ª«¬¥ ¸µ
ny|izyyyzvyz ªª²ª¸
}ghkjrpqlglowpoh|yzyz ³¡¢¡¥¢¤ ¯«
! "$%"&'(") 9c *27D28.684D2+48.68O2#,
fyzyz{syyyfyz{{y|}~i -
¸²¡¯°±²³´µ¶·¶¶
e/n/zz
s-̈«ª°² q{z- o|zy-
¦²¸²«¯ s/{yy0 ¤1²±ªªª i-ª²±« ¡ ° ¸« f/y|
eohmqvqhhofj ¡¤©¡
2 "&'%"3 454 %" " 3 ( 6"% 78:;8<; =:7<;>= ;7:77? 7=;: @ >?;>=<= *92.42A.2589O.4D25
2 "&'%""(6 ! " ;==:< :;7? 8><;;87 @ $>;><7;) @ Z8.25B27D28.92
f/y|ezy|yzh/ CCEE }~FEFE ~EEEG }~CCH ~}E}~ ~~F}E «¸ ¸ª
vyyyy{z ~ GEH GEFGGG }}G G GG~} C} ~FF HEE 1°¯«°¬²«°« ²¸«ª
ez{y|yz/y|yzyz{y ¸ «¯¸«²« ²¸1
y|/yyz ~~~}} ¯«°
vqsqmlqIq ~HH}~~ ¨¢¡¥¢¡¥¤
2 " J K%"3 '" " :7=;8 L68982684D2
M "3 '" " $<::??:>) L689822AN282
2&3PK"%( 4 " J K%" '" $:8?<>) L689.9A4868.252.684D2
M K"( 6' K" (Q "(K( Q K K5" *19526882.42499469.298#S468.
R "('6 6 ! =;? T28.O52
vyy|yzyyz{y|yz ~ }~FEC ¯«°±¬«² ¯«°¸ ª
syzyyz{y|yz }~ ~H ¯«°¸ ª
vqsqfqImhsorqvqh H~H CH ¨¢¡¥§¡¡¤¥
gzU/yl{zvyzzy ²1°¬«²°¸«
2 " %'6"!Q5%5"'" V9N6.92AN28#6.O5298#9#T982
!'3'"('34 ! %K" ( <8: ;87; =8=8= =:?: @ ;<87 945NO51924992.
2 "W' '("5"!Q6(K K 78878 <> ;<77<> ?;>=8 $<:7) ;:=88 X2N5269.64898#9D45.6Y9.648
[\] ^ 6! '3_"(Q62' (Z̀8O#687a29#b9962
Page 316
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
lmnopqrqqpstusvswxuwtymzu ¡¢£¤££¢¥¦§¥¨¥©«§©¦¬§
pxovomnmxsxoxuo{x «¡¢ ¥¥¦¥¢«¬¨¥
|xmxmxoxmxs}xlqyxouvtxo~xo ¡£¨¥£®¨ ¯£¡¥£°¢«¨¢
uqosq}npxsnxo ¤¡«¡¯«°¥«¨©¨¡¥
m p
mm
«±²³¢´¶´·¸´¹º»¼½¾½º
py ¿³²¹´´¿¹´¨´
up} ¨ ¹´±±´ © ²±²³¬ ¿¼
¦´±±£´¹±´¥¿´
norqywxsnsv~wvo º¥¨©¨¡ ¡¤£¬©«£¡ ¶²´
!"$%&"&%&" '( $ )e*27D28.92.98#69)66.62
p+¢´¶´·¸´¹º»¼½¾½º
l,
u,
z+
¯²±·´¹
xsvmpxo ¹¿´ x+ p+ v+ «¥¥¨¥«¡¢
}nxzn}nmxs ¹²¶± z,- «/¹¸±´±± ¢±¹¸² ¨ · ¿² m, °«°¨¥
'( $ 0 123 42 45 343 55 230 00 4 25 04 63 3127 2 32 552 *27D28.92.
8$: " &;"$'<"="$;"$' > 5 4 04 >2 533 54 ? ? 0 40 @487A.25D68B2.D28.
m,x CECFF GFHH GFE CG EG EFC FGFCHGC ²¿ «±±´±
¥´/·´
}s GCHH HG HG EG GG E C F °¿¸ ´±
p+¢´¶´·¸´¹º»¼½¾½½
l,
u,
z+
¯²±·´¹
xsvmpxo ¹¿´ x+ p+ v+ «¥¥¨¥«¡¢
}nxzn}nmxs ¹²¶± z,- «/¹¸±´±± ¢±¹¸² ¨ · ¿² m, °«°¨¥
'( $ 03 4> 135 4 240 222 53 >34 24 2 020 0 63 552 4347 2 4 23 *27D28.92.
8$: " &;"$'<"="$;"$' 1 >23 1 4 12 433 >4 ? ? 4 >0 @487A.25D68B2.D28.
m,x E FECFFF FCFF CCG ECE FE ²¿ «±±´±
¥´/·´
}s GCFCC CHEC EFGHFE GC E CC FF °¿¸ ´±
IJK L M(" N<P"$QMRN "SZ8O#687T29#U9962
V W '( $' Q'M"X& e Y24759[1627D28.
8$XQM(" &( $' $"&= $;N"%"$ M!" "M<"$ Z8945D9.6484825868752B28O2)^49.64849
%Q<" &= %"$''"$"!"%"\ "'"& M&<N] O.4D2569944_`
mzlm
p+
´¿¹¨´¢´¶´·¸´¹º»¼
a '"M" b4O8.562
8$!Q$ &" 1 >12 >24 1 2 250 Z8#48269
L&(NML $'"\!"$ XM&<" 422 330 4 354 c6##2d9.98#f9569
&"%"&$$g" 22 44 2 >> 30 U.125f69
h"&$?%"&$ 4 >52 4 3> 20 U.125
m, C FC ²¿
8$XQM(" &( $' $"&" &!"< %"$V"M %"&$ Z8945D9.648 48258687 848AO5528. 92.
&$ MN( $< N"$'"$!"$" =";"<"$''N\"$ 2i2[.945968986968.5OD28.98##292552#
M!" "M<"$ "M " ' Q'M"X& "!"%"\ "'"& .9i92.)^724759[16952969944_`
M&<N]
p p
¢´¶´·¸´¹º»¼½¾½º ¢´¶´·¸´¹º»¼½¾½½
a '"M"?$ '"M"" &$' > 51 >24 > >0 j4526784O8.562
8$!Q$ &" 3 3 >5 3 555 31 Z8#48269
m, HGHG GHH ²¿
Page 317
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
q| | ¯°²³´µ¶µµ´·¸¹·º·»½¹»¸¾°¿¹
|| ½³´²°··¸¿·²́²½¾²º·
||| q ³µ°º·°µ°Àº Áµ³·µÂ²́½°º´
¶²³½³Á²½Â·°½°º»º³°·
|
|¡¢£¤¡¥¦ |¨¢¨
½ÃÄÅ´ÆÈÆÉÊÆËÌÍÎÏÐÏÌ
©¥ª¥¤ «¢¨¢¦¥¡¬ ÑÅÄËÆÆÑ˰ƺÆ
¢¥¥£¨¤¥® º ËÆÃÃÆ » ÄÃÄž ÑÎ
¸ÆÃõÆËÃÆ·ÑÆ
| | | ̽··º°· ½³´ ²½¿²Â²°²º· ²³ ¶µ¾º²³
Á¸¾¾º³Á²º·
!" $%&%'(%)*+*",-)/0 '%'1!121 :49;22D<25=>?@A@=?.12B54OC1992.
&% !1 (1!1 & ! '' / &1 34&% 98#69<66.62#284D689.2#689452678O552862e
!1 (1!1 & ! ' ' / &1 0 ! 012 944E687 9452678 O552862F#284D689.2#
%)&%(/ 1& 512 % 2/)&6 (%)! 2/0 92.98#69<66.62952C5228.2#O6872G19872
!"$%&%'(%)*+*" ! 7&%( 1(%)12/ 8 59.2949;22D<25=>?@A@=9944E9H
I
´ÆÈÆÉÊÆËÌÍÎÏÐÏÌ
¨¥
©¤q¢¡®I ¨ «¢¨¢¦¥¡I
¶ÄËÆJÁËËÆÈÆà ºKLÑƽÉÄ» ÄÃ
¶ ½ÉÄà ¾ Ñ
¨ ½ÃÃÆÃ
M & &% ) 2 & N9198#912PO6Q928.
$ ! '$R! )4S TSU V*W3W3XX" Y3VY+3VV Z8[\;495
$ ! ']/)R ]T^ 3W**3+VW *3W" Z8_O54
$ ! '^16 !4) (S / 1 S4^ Y3*"Y3X "3+Y Z8\9O#6:59<69`6a9
$ ! 'R/ b%&1) ]- 3+**3Y3"" +3* Z8_7aC.c4O8#
$ ! '$R! )S1 0/) S-$ "3*3WY X"3Y" Z8\6879C452;495
$ ! '' / &1 ! 1 6 df TSU 3VY"3W* W3V+W Z84.1259452678O552862gh
1/ /& 7 :4O8.5226Q9<2F.59#2
$ ! '$R! )4S TSU W+3X*3+ 3*"Y3WX" Z8[\;495
$ ! ']/)R ]T^ 3WW3X *"3*+V Z8_O54
$ ! '^16 !4) (S / 1 S4^ "3X3V+ 3*W+3X Z8\9O#6:59<69`6a9
$ ! 'i1) j/)21 j^k X3V"V3+ *"V3*Y Z80O5l2am659
$ ! '$1)7 'b )R2R b4$ X3"*3WV" 3X Z8n4544;6519D
$ ! '' / &1 ! 1 6 df TSU "3*X"3YV *+X3VY Z84.1259452678O552862gh
1/ (/2 /& 7 :4O8.5226Q9<2F848F.59#2
$ ! '$R! )4S TSU *W3WX3V"W XXX3VWX Z8[\;495
$ ! '' / &1 ! 1 6 df TSU *Y"3"YV X3*" Z84.1259452678O552862gh
°ÄÑ ½ÃÃÆà ¶ÄËÆJ
|o¨¨ ¨¥ rstuvs ÁËËÆÈÆÃ
¥¥¥̈ ÂÑÊ ÆÃ
T ( 25 2 0% %2 \145.F.25D<98l498
$ ! '$R! )4S TSU +3"W3" *3V*Y3+* 68[\;495
T /& 7 059#2C9a9<2
$ ! '$R! )4S TSU Y3Y"3X "3Y Z8[\;495
$ ! ']/)R ]T^ V3*YV3+VV +3Y* Z8_O54
$ ! '^16 !4) (S / 1 S4^ "*3"V3XX "X3W Z8\9O#6:59<69`6a9
$ ! 'R/ b%&1) ]- X+"3X+V3+ *+3"*X Z8_7aC.c4O8#
$ ! 'i1) j/)21 j^k *W"3+Y+3X" XW3" Z80O5l2am659
$ ! '' / &1 ! 1 6 df TSU 3*"3WX +Y3W Z84.1259452678O552862gh
T ! 1 w! 1 x.125C9a9<2
$ ! '$R! )4S TSU *3YX*3*Y YY3W Z8[\;495
$ ! '^16 !4) (S / 1 df S4^ "3WV+3V*" "+"3V"V Z8\9O#6:59<69`6a9gh
$ ! '' / &1 ! 1 6 TSU W3*W3X"" *3"* Z84.1259452678O552862
T 5 2 0 5 %)' &/20R)&1 m487F.25D#2<.68O#2
6 5 /7 %'0R ! 'y 2 /& / O5528.D9.O56.62
7/ #2<.C45.648
$ ! '$R! )4S TSU *3V3++3+++ X*33*WX Z8[\;495
$ ! 'k% z%0 zk WYV3WW3*VY YW3*XW Z8{9C9822}28
$ ! '$R! )S1 0/) S-$ *+3Y++3+++ *XX3" Z8\6879C452;495
|o¨¥¥¥̈ ¨ °ÄÑ ÂÑÊ ÆÃ
¥ rvt ¶ÄËÆJÁËËÆÈÆÃ
¥¥¥̈¨o ¨ ³ÆÂÑÊ Æà ¶ÄËÆJ
¥ svvtv ÁËËÆÈÆÃ
df4&% !
1 (1!1 & ! '' / &1 ! 1 6 1& 512 ! '5/'! 76 &% ) % TSU % '% / 2 2/)&0 271)0%)1R %0%! 0R) ~:2.98#
69<66.62#284D689.2#684.1259452678O552862952C5228.2#2PO6Q928..4[\O687.122G1987259.2C52Q966879.28#49.1252C45.687C2564#3
Page 318
01245676894846#9.2#9689869.9.2D28.68O#2#125268
95268Z8#482698987O972e
qyz{|}~}}| y ©ª¬®¯°¯¯®±²³±´±µ·³µ²¸ª¹³
|{{yzy{{ ·®¬ª±±²¹±¬®¬·¸¬´±
yy{yq} {{{ ¯ª´±ª¯ªº´ »¯±¯¼¬®·ª´®
}{}z|z{ °¬·»¬·¼±ª·ª´µ´ª±
y|
y y¢¢
·½¾¿®ÀÂÀÃÄÀÅÆÇÈÉÊÉÆ
£|¤¥¢ ¦ Ë¿¾ÅÀÀËŪÀ´À
§|¢¨ ´ ÅÀ½½À µ ¾½¾¿¸ ËÈ
²À½½¯ÀŽÀ±ËÀ
y{| {y{z { y Æ ·»»¯²ª¬±ª·®·¸®±¬±±²´®¹²ª¯ª
|zy zy{ {{ ´ª´°°´»ª¬ ´
~yz~
! " $% &'( ) *+ , !' *"-' $ & /0 ' 01294O8.687.98#95#.19.19:2;2286O2#O<
)) +0* *"-' + 01" $*% ) $1 &1+'! &' .4.12#9.2496O98249.12=54O<>4846#9.2#
2"%0 /% -*+%/ -*"+ $% *3*$ '3!'% )$ 0$ 9689869.9.2D28.?;O.84.@2.2992.6:2 952
-*"'$% ''4 5 6*/* -*"/ $&%! % %$ #642#;24Ae012D98972D28.68.28#.49#4<.
/* *" 0$ & ! " *"&*-% ( )!'0*" '/- )$ .122.98#95#.19.952486#252#522:98..4.12
"*+*7 *", ! 0 2"%0 0 ! & *3*$ '38 ! =54O<A128.12@;24D22992.6:2?98#.126D<9.
0* ) "%, ( *", ! 001&'&'! $'*"6 $*% ) .4 .12 4846#9.2# 9689869 <46.648 98#
$1 &1+'! &' 2"%0/ &',!'*7 +% &'0 ! )) + <25945D98249.12=54O<6.6;26872:9O9.2#9
0* *"-' + 01" $*% ) $1 &1+'! &' 4 49.126O982#9.249.124846#9.2#9689869
.9.2D28.e
B¢B ¢¢¥C ´¿¿ÀÂEÀÄÀFF¾¾ÅË¿ÀÅGËËÅHÇÈÉÊÉI
J'+ " ! "K$% &'L*% ) M689869N4O8.687P.98#95#Q695
! "''/*/-*"'$ 0*"&( " ! 0*!1/ 0122 .98#95# <54:6#2 52_O652D28. 98#
- )'* ' & % %$/* *" 0$ & ! " $% &' 7O6#268294528.6.62.49<<@.124552.9689869
$*% ) ( ) -* "! + / /* (%&% + 01" 94O8.687.98#95#68<52<95687728259<O5<42
$*% ) -*" %6% %/%/4K$ ! R S*/0 T 9689869.9.2D28.e01252A6;2`a94O5b9689869
& ! " $% &'$*% ) ( )& ''!' *" 0$ 94O8.687.98#95#.19.952O5528.@9<<62#68
!'U!1 *&' 8( ' %V Z8#48269?89D2@c
4 J'+ " ! " K$% &' L*% ) de Q695 d Z8.2589.6489 M689869 N4O8.687
U *" &'1 +8 P.98#95#?
W4 J'+ "W ! "K$% &'L*% ) U!1 *&' fe Q695 f Z8#482698 M689869 N4O8.687
SJ KLT8 P.98#95#aQPNgb?
X4 J'+ "X ! "K$% &'L*% ) U!1 *&' he Q695 h Z8#482698 M689869 N4O8.687
% %$ Y ' & [ & \ ! " K$% &' P.98#95# 945 Q56:9.2 i8.6.62jZ8#482698
L*% ) U!1 *&' % %$ Y ' & ] 0 M689869N4O8.687 P.98#95# 945i8.6.62
K$% -'+' &J%-+'$8! A6.14O.QO;6N4O8.9;66.@?98#
R4 J'+ "R ! "K$% &'L*% ) U!1 *&' `e Q695 ` Z8#482698 M689869 N4O8.687
% %$Y ' &5'$"1L*^'+! 5* * ) ,4 P.98#95#945k654PD998#k2#6ODi8.6.62e
! "K$% &'L*% ) U *" &'1 + Z8.2589.6489M689869N4O8.687P.98#95#
! " '' /*"%0 $ !10&' 0* %, ! "' 016 .98#95# 6 9 9Os9#4<.648 49Z8.2589.6489
Z8.2589.6489M689869l2<45.687P.98#95#amUno rT M689869l2<45.687 P.98#95# amZMlPtbA161 6
( )!' *"6*/ ,$ $ !*/'$ ! '! $ ! .5989.2#689A45#s945sA45#;9698#.1252684
/1!'3'$ &'! "' ! " Uno 8 *"/ &%$ )) + D4#6969.648954D ZMlPP.98#95#?68O#687.12
*3*$ '3( 4Y ' &( )/*/* %,'0*"&( " ! 0 2992.6:2#9.2ei8.6.62.19.D22..1252_O652D28.
/* *" 0$ & ! "''8&*6 $ )) +*3*$ '34 989<<@.16.98#95#?954D.122992.6:2#9.2e
u1/* $+ %" ! "K$% &'L*% ) M689869N4O8.687P.98#95#v4D289.O52
! "''''/* ) %"0* 1/1" - "% % %$ 016 .98#95# 527O9.2 .12 82A 8OD;25687 945
& ! " $% &' $*% ) ( ) -*"+ $% !' 9689869 94O8.687 .98#95# 9<<69;2 68
U!1 *&' ( )!' *"-' $ 1+*,w KLUKU4 Z8#482696O2#;@xPNgZNZe
Page 319
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
jklmnopoonqrsqtquvsurwkxs ¡¢¡¡ £¤¥£¦£§©¥§¤ª«¥
nvmtmklkvqvmvsmyv © ££¤«£©ª¦£
zvkvkvmvkvq{vjowvm ¡¦£¡¬¦¡£¡®©¦
strvm|vmsomqo{lnvqlvm ¢©©®£©¦§¦£
k~~n ~ ©¯°± ²´²µ¶²·¸¹º»¼»¸½
rk~~x~~~k~~k ¢°·²²½·²¦²
n~~~~~~w~ ¦ ·²¯¯² § °¯°±ª ½º
s~n~~~{~ ¤²¯¯¡²·¯²£½²
qkvmnvw vsrmkvmql yvm| kt{v ¸ ©¡¤£© ©ª £££¤¦ «¤¡
nlktwxlksvm mvurm xt{ru xtw{vsr ¦¦¢¢¦ ¦ ´°²
tptsklp~~
u~ ~~~~ ~~~ ¦±±²´ ²¶² °°·½±²·!½½·"¹º»¼»#
~~ ´°²
%&'()*&*(+,%-/01'21314'56'(78'+'(:'(7 =D28$D28.49>?=@ABC48EO5528.F69G66.62H6.1
)*(7'(-;<*('( I4J2898.
%&'()*&*( 1(1 &*(*(4K8'( L*M5N'M'4'( K(4K8 012 9D28$D28. U269V .12 52WO652D28. 945
&*(783'51P18'518'( 5K'4K 31'21314'5 5*2'7'1:'(78' 969V68769G66.629O5528.45848EO5528.98$
L*()*8'4'K:'(78'L'(:'(7)'(&*(:*3'58'(/ 9569VB
Q R'3 N'(7 )1&'85K) 5*2'7'1 R'8 K(4K8 Q H19.6D298.GV95671..4$29252..2D28.X
&*('(77KR8'(L*3K('5'(S Q .125671..4$2925DO.2Y6.9..1228$49.12
Q R'8K(4K8&*('(77KR8'(L*3K('5'(R'MK5')' 52U45.687U2564$X
L')''8R1ML*M1;)*L*3'L;M'(S
Q 83'51P18'51 4*M5*2K4 41)'8 )1L*(7'MKR1 ;3*R Q 96969.648684.9992.2$GV.126[26144$
8*&K(781('(*(414'5'8'(&*(77K('8'(R'8N' .19.9828.6.VH62Y25626.$2925595671.X98$
K(4K8&*('(77KR8'(31'21314'5S)'(
Q R'(N' :18' )*M1<'41P &*3*8'4 L')' 31'21314'5 Q 48V69982DG2$$2$$256J9.6J268948J25.6G2
8;(<*M514*M5*2K4')'3'R5K'4K1(54MK&*(*8K14'5S 69G66.V6982WO6.V68.5OD28.H4O$.12.25D
&'8'5N'M'4)'(8*4*(4K'()'M15K'4K 31'21314'5 98$48$6.64849969G66.VH684.6DU9.6.
8;(<*M51 41)'8 '8'( 2*M)'&L'8 L')' 96969.648e
83'51P18'51(N'T
,*3'1( 14KSL*M5N'M'4'( 4*3'R )1L*M8*('38'( K(4K8 Z89$$6.648X952WO652D28.19G22868.54$O2$.4
&*\':128'(L*(7K(78'L'(8*418'5K'4K8*\':12'( 52WO652$64O52H128969G66.V956687954D 9
41&2K3 )'M1 L1(:'&'( L*M:'(:1'( )183'51P18'518'( 49897522D28.696962$9848EO5528.98$.12
5*2'7'141)'83'(]'M)'(R'8*(414'5K(4K8&*(K()' 28.6.V^5671..4$29252..2D28.648.68728.48
L*(N*3*5'1'(2*M7'(4K(7L')'8*L'4KR'(4*MR')'L 4DU6982 H6.1 9O.O52 4J2898. H6.168 .H2J2
L*M5N'M'4'()1&'5')*L'()'3'& \'84K)K'2*3'5 D48.1e
2K3'(T
%&*()*&*(4*M5*2K42*M3'8K*P*841PK(4K8L*M1;)* 0129D28$D28.9522992.6J2945988O952U45.687
L*3'L;M'(4'RK('(N'(7)1&K3'1L')''4'K5*4*3'R U2564$ G27688687 48 4599.25b98O95V AXcdcf
6'(K'M1_`_a5*]'M'M*4M;5L*841P)*(7'(L*(*M'L'( 52.54U2.6J2VH6.1295V9$4U.648U25D6..2$e
)1(1)1L*M8*('(8'(T
gMKL 5''4 1(1 5*)'(7 &*(13'1 )'&L'8 )'M1 012h54OU6O5528.V92687.126DU9.49.12
'&'()*&*(4*M5*2K4K(4K8&*(*(4K8'()'&L'8(N' 9D28$D28..4$2.25D682.126DU9..12VH619J2
4*MR')'LL*3'L;M'(8*K'(7'(gMKLT 48.12h54OU^968986952U45.687e
Page 320
01245676894846$9.2$9689869.9.2D28.68O$2$125268
95268Z8$482698987O972e
mnopqrsrrqtuvtwtxyvxuzn{v ¡¢£¤¥¤¤£¦§¨¦©¦ª¬¨ª§®¨
qypwpnonytypyvp|y ¬¢£¡¦¦§®¦¡£¡¬¡©¦
}ynynypynyt~ymrzyp ¢¤©¦¤¯©°¤¢¦¤±¡£¬©£
vwuypypvrptr~oqytoyp ¥¡¢¬¢°¡¬±¦¬©ª©¢¦
n q ¬²³´£µ·µ¸¹µº»¼½¾¿¾»À
un{nn ¥³ºµµÀºµ©µ
qz © ºµ²²µ ª ³²³´ À½
vq~ §µ²²¤µº²µ¦Àµ
tnypqyz yvupnypto |yp nw~y » ¬°°¤§¢¡¢¦¬¢£¬£¦¡¦¦§©£®§¢¤
qonwz{onvyp pyxup {w~ux {wz~yvu ©©¥¥©°¡ © ·³µ
wswvnos
x ©´´µ· µ¹µ ³³ºÀ´µº!ÀÀº"¼½¾¿¾#
·³µ
%&'()*&*(+,%-/0123'43536'7,*8')'5'& :;'5 ?D28$D28.49@A?BCEFG29269H66.I689A92
<*53)'(,*8'=4'53> 98$G292H9J
%&'()*&*( +,%- /0 ,*8' &*(*6'K>'( 0129D28$D28..4@A?BCEG292T26962.12
K*L7M'L'6'(M'(N)3N;('>'(K*(P;'5=K*(M*8')'5'& 52UO652D28. .19. 9 225V222 O2 68
&*(N;>;L >*8'P34'( 7*8' M'(N 63&4;5 )'5'& D29O5687.1229269H66.I9566876899298$
6L'(7'>73P;'54*53)'(7*8'=4'53>Q;(6;>&*&'763>'( 292H9J.5989.648W.428O52.12225V222
K*(P;'5=K*(M*8' 63)'> &*(N'>;3 P;&5'R 7*63'K $4284.524786298I9D4O8.49.127968454
>*;(6;(N'('6';>*L;N3'(M'(N6*L>'36)*(N'(R'> .19.529.2.4.125671.49O26.52.968e
N;('M'(N)3K*L6'R'(>'(S
%&*()*&*(6*L7*4;64*L5'>;*X*>63X;(6;>K*L3Y)* 0129D28$D28.9522992.6^2945988O952T45.687
K*5'KYL'(6'R;('(M'(N)3&;5'3K')''6';7*6*5'R T2564$ H27688687 48 4599.25_98O95I `Wabac
:'(;'L3[[\7*]'L'L*6LY7K*>63X)*(N'(K*(*L'K'( 52.54T2.6^2Id6.1295I9$4T.648T25D6..2$e
)3(3)3K*L>*('(>'(S
fL;K 7''6 3(3 7*)'(N &*(35'3 )'&K'> )'L3 012g54OT6O5528.I92687.126DT9.49.12
'&'()*&*(6*L7*4;6;(6;>&*(*(6;>'()'&K'>(M' 9D28$D28..4$2.25D682.126DT9..12Id619^2
6*LR')'KK*5'KYL'(>*;'(N'(fL;KS 48.12g54OTh968986952T45.687e
%&'()*&*( +,%- [ )'( +,%- 1+*(N'6;L'( ?D28$D28.49@A?Ba98$@A?BibFAOTT625
+*&43'M''(+*&'7Y> j68982?559872D28.
%&'()*&*(+,%-[)'(+,%-&*(N>5'L3X3>'73 0129D28$D28..4@A?Ba98$@A?Bib9569I
>'L'>6*L3763>K*(N'6;L'(K*&43'M''(K*&'7Y>)'( .12 1959.256.6 49 OTT625 968982
&*(7M'L'6>'( K*(N;(N>'K'( 6'&4'R'( '6'7 9559872D28.98$52UO6529$$6.6489$64O5249
K*(N'6;L'( K*&43'M''( K*&'7Y> 6*L7*4;6S O19559872D28.e012$64O5252UO652D28.
+*L7M'L'6'(K*(N;(N>'K'()'5'& '&'()*&*(3(3 68.129D28$D28.95268.28$2$.496.O2549
)3&'>7;)>'( ;(6;>&*&4'(6; K*(NN;(' 5'KYL'( 9689869.9.2D28.68O8$25.98$687.122992.49
>*;'(N'( )'5'& &*&'R'&3)'&K'> K*(N'6;L'( OTT625 968982 9559872D28. 48 98 28.6.Ih
K*&43'M''(K*&'7Y>6*LR')'K53'43536'7Q'L;7>'7Q 69H66.62W9194d98$2kT4O52.46UO6$6.I56Je
)'(*>7KY7;L6*LR')'KL373>Y53>;3)36'77;'6;*(636'7S
fL;K 7''6 3(3 7*)'(N &*(35'3 )'&K'> )'L3 012g54OT6O5528.I92687.126DT9.49.12
'&'()*&*(6*L7*4;6;(6;>&*(*(6;>'()'&K'>(M' 9D28$D28..4$2.25D682.126DT9..12Id619^2
6*LR')'KK*5'KYL'(>*;'(N'(fL;KS 48.12g54OTh968986952T45.687e
fL;K 7''6 3(3 7*)'(N &*(35'3 )'&K'> )'L3 012g54OT6O5528.I92687.126DT9.49.12
'&'()*&*(6*L7*4;6;(6;>&*(*(6;>'()'&K'>(M' 9D28$D28..4$2.25D682.126DT9..12Id619^2
6*LR')'KK*5'KYL'(>*;'(N'(fL;KS 48.12g54OTh968986952T45.687e
Page 321
Page 322
Names mentioned 222 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Sambutan
· Komisaris Utama
p.4 ×2
unresolved
org
Joint Ventures
· Direktur Utama
p.4
unresolved
org
First Pacific Investment
p.10
unresolved
org
Local Institutions
p.10
unresolved
org
Negeri Foreign Individuals
p.10
unresolved
org
1 First Pacific Company Limited is a public listed company on the Hong Kong
p.10
unresolved
org
First Pacific Company Limited.
p.10 ×16
unresolved
org
2 Through First Pacific Investment Management Limited, an indirect subsidiary
p.10
unresolved
org
Through First Pacific Investment Management Limited
p.10
unresolved
org
Melalui First Pacific Investment Management Limited
p.10
unresolved
org
3 Other than share ownership of the Company by certain members of the BOD
p.10
unresolved
org
share ownership of the Company either directly nor indirectly.
p.10
unresolved
person
H. Young
p.11 ×6
unresolved
person
John W. Ryan
· Commissioner
p.11
unresolved
org
PT Panganjaya Intikusuma
p.16 ×4
unresolved
org
PT Indofood Sukses Makmur. Didirikan
p.16
unresolved
org
PT Indofood Sukses Makmur. Memulai
p.16
unresolved
org
Indonesia Stock Exchange
p.16
unresolved
org
Pratama Tbk
p.16
unresolved
org
PT Indofood CBP Grup CBP
p.16
unresolved
org
Indofood CBP Tbk
p.16 ×2
unresolved
org
PT Lajuperdana Indah.
p.17 ×2
unresolved
org
Agri Resources Ltd.
p.17
unresolved
org
PT Indolakto
p.17 ×4
unresolved
org
PT PP London Sumatra Indonesia Grup CBP
p.17
unresolved
org
Pinehill Company Limited
p.17 ×2
unresolved
org
SIMP Ltd.
p.36
unresolved
org
Co. Ltd.
p.36
unresolved
org
PT Gapura Usahatama
p.36 ×2
unresolved
org
PT Purwa Wana Lestari
p.36 ×2
unresolved
org
PT Swadaya Bhakti
p.36
unresolved
org
PT Mentari Subur Abadi
p.36 ×2
unresolved
org
PT Mega Citra Perdana
p.36
unresolved
org
PT Swadaya Bhakti Negaramas
p.36
unresolved
org
PT Mega
p.36
unresolved
org
PT Sumberdaya Dian Mandiri
p.36 ×2
unresolved
org
PT Primajasa Tunas Mandiri
p.36 ×2
unresolved
org
PT Indosurance Broker Utama
p.37
unresolved
org
PT Indosurance
p.37
unresolved
org
PT A.J.
p.37
unresolved
org
PT A.J. Central Asia Raya
p.37
unresolved
org
Mark Plus Inc.
p.42 ×2
unresolved
org
PT Indofood Fortuna Makmur
p.42 ×2
unresolved
org
PT Anugerah Indofood Barokah Makmur
p.42 ×2
unresolved
org
PT Salim Ivomas Pratama Tbk’s
p.71
unresolved
—
AGM
· Pemegang Saham
p.77
unresolved
org
PT Kustodian Sentral
p.77
unresolved
org
Minister of Laws
p.79
unresolved
org
Menteri
p.79
unresolved
person
H. Young Joseph H. P. Ng John W.
· Commissioner
p.80 ×6
unresolved
person
Piagam
· Komisaris
p.82
unresolved
person
Memimpin Grup Bogasari
· Direktur
p.83
unresolved
person
Memimpin Divisi Dairy.
· Direktur
p.83
unresolved
person
Membawahi
· Direktur
p.83
unresolved
person
Memimpin Divisi Mi Instan
· Direktur
p.83
unresolved
person
Memimpin Divisi Perkebunan.
· Direktur
p.84
unresolved
person
Memimpin Grup Distribusi
· Direktur
p.84
unresolved
person
Memimpin Divisi Controller.
· Direktur
p.84
unresolved
org
Mengelola Divisi International Operations.
· Direktur
p.84
unresolved
person
Melia Setiawati
p.88 ×2
unresolved
org
PT Aspirasi Darma Nusa
p.88 ×4
unresolved
org
PT Bahana Dharma Utama
p.88
unresolved
org
PT Inti Salim Corpora
p.88 ×4
unresolved
person
Victor Suhendra
p.89 ×3
unresolved
person
Adrian Jogi
p.91 ×3
unresolved
person
Jogi
p.91
unresolved
org
Pengawas Obat Indonesian Food and Drug Authority
p.95
unresolved
org
Arbitrase Nasional Indonesia
p.96
unresolved
org
Makmur Tbk
p.105 ×2
unresolved
org
PT Moritas
p.105
unresolved
org
PT Suprawira Finance
p.105 ×2
unresolved
org
PT Kharisma Valas Indonesia
p.105 ×2
unresolved
org
PT Moritas Agrobi
p.105
unresolved
org
PT Indomobil
p.106
unresolved
org
Multi Jasa Tbk
p.106
unresolved
person
H. Young Joseph H. P. Ng Benny S.
p.120
unresolved
person
Pangilinan
p.122 ×7
unresolved
org
Infrastructure Tbk
p.122
unresolved
org
PT Nusantara Infrastructure Mr. Pangilinan
p.122
unresolved
org
PLDT Inc.
p.122 ×7
unresolved
org
Executive Officer Corporation
p.122
unresolved
org
Energy Ventures Inc.
p.122 ×2
unresolved
org
PLDT Global Business Power Corporation
p.122
unresolved
org
Metro Pacific Tollways Corporation
p.122 ×2
unresolved
org
Global Business Power Corporation
p.122
unresolved
org
NLEX Corporation
p.122 ×2
unresolved
org
Philex Mining Corporation
p.122 ×2
unresolved
org
PXP Energy Corporation
p.122 ×4
unresolved
org
Philex Mining Corporation Landco Pacific Corporation
p.122
unresolved
org
Landco Pacific Corporation
p.122
unresolved
org
Makati Colinas Verdes Corporation
p.122
unresolved
org
Colinas Verdes Corporation
p.122
unresolved
org
Broadcasting Corporation
p.122 ×2
unresolved
org
Vice Chairman Resources Corp.
p.122
unresolved
org
Axelum Resources Corp.
p.122
unresolved
person
Pangilinan’s
p.122
unresolved
org
One Meralco Foundation Inc.
p.122 ×2
unresolved
org
Makati Medical Foundation Inc.
p.122
unresolved
org
PT Indocement
p.123 ×2
unresolved
org
Non-Executive Director First Pacific Company Tunggal Prakarsa Tbk
p.123
unresolved
person
Christoper H. Young
p.124
unresolved
org
PacificLight Power Pte. Ltd.
p.124 ×3
unresolved
org
Executive Director First Pacific Company Limited
p.124
unresolved
org
Roxas Holdings Inc.
p.124 ×2
unresolved
org
Penasihat PLDT Inc.
p.124
unresolved
org
Investments Corporation
p.124
unresolved
org
Penasihat Metro Pacific Investments Corporation
p.124
unresolved
org
IdeaSpace Foundation Inc.
p.124
unresolved
org
Metro Pacific Investments Corporation
p.124 ×2
unresolved
org
Metro Pacific Corporation
p.124 ×2
unresolved
—
Inggris
· Komisaris
p.125
unresolved
org
Philex Mining Corporation PacificLight Power Pte. Ltd.
p.125
unresolved
—
Irlandia
· Komisaris
p.126
unresolved
person
Ryan
p.126 ×2
unresolved
org
Communications First Pacific Company Limited
p.126
unresolved
person
John Moscow
p.126
unresolved
person
Kartikahadi
p.127 ×3
unresolved
person
Bambang Brodjonegoro
p.128 ×3
unresolved
org
PT Astra
p.128
unresolved
org
PT Telkom
p.128
unresolved
org
Indonesia (Persero) Tbk
p.128
unresolved
org
Menteri Riset dan Teknologi He
p.128
unresolved
org
Minister of Research and Technology
p.128
unresolved
org
Menteri Perencanaan Pembangunan Nasional
p.128
unresolved
org
Minister of National Development Planning
p.128
unresolved
org
Menteri Keuangan
p.128
unresolved
org
Minister of Finance
p.128
unresolved
org
Kementerian Keuangan Republik Indonesia
p.128
unresolved
org
Ministry of Finance
p.128
unresolved
person
Brodjonegoro
p.128
unresolved
person
Arianto
p.129
unresolved
org
Yayasan Al-A’raf Persada Indonesia Sekolah Islam
p.129
unresolved
org
PT Nugraha Aria Sadana
p.129 ×2
unresolved
org
PT Royal Golden Eagle
p.129 ×2
unresolved
org
Tunggal Prakarsa Tbk
p.133
unresolved
org
Pangan Nasional
p.133
unresolved
org
PT Indocement Tunggal
p.133
unresolved
org
Perlindungan Konsumen Nasional
p.133
unresolved
org
Bank Polytechnic
p.133 ×2
unresolved
person
Welirang
p.133
unresolved
person
Anthoni Salim He
· President Director
p.133 ×23
unresolved
—
Dairy
· Direktur
p.134
unresolved
org
Venture Ltd.
p.134 ×2
unresolved
person
Salim
p.134 ×2
unresolved
person
Thomas Tjhie
p.135 ×3
unresolved
org
PT Indomiwon Citra Inti
p.135 ×2
unresolved
org
PT Kitadin Coal Mining
p.135 ×2
unresolved
person
Tjhie
p.135
unresolved
org
PT Net Sekuritas
p.137 ×2
unresolved
person
Paulus Moleonoto
p.138 ×3
unresolved
org
PT Pebapan.
p.139
unresolved
person
Soejonopoetro
p.139
unresolved
org
PT Pebapan. Management
p.139
unresolved
person
Widjaja
p.140
unresolved
org
PT Jatim
p.141 ×2
unresolved
org
Departemen Keuangan
p.141
unresolved
person
Indriani
p.141
unresolved
person
Elly Betty
p.142 ×4
unresolved
person
Soemantri Brodjonegoro Independent
· Commissioner
p.148
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.