!"#$%&'#($)*
E(F+9(/&<,$
@-(+$(%%+'('7)&3(+)(1.%&,(#+2-&,+14(#+"3+&3/+4.,+49+,-(+$(%%+70+43%0+&%%42"31+$(),&"3+#.7#,&3$(#+,4+5&##+,-)4.1-;+
D.7#,&3$(#+ $&3+ $)4##+ ,-(+ '('7)&3(+ 70+ (",-()+ 5&##":(+ 4)+ &$,":(+ ,)&3#54),;+ <&##":(+ ,)&3#54),+ "3$%./(#+ /"99.#"43+ &3/+
4#'4#"#;+P3+5&##":(+,)&3#54),B+'4%($.%(#+'4:(+9)4'+&)(&#+49+-"1-+$43$(3,)&,"43+,4+&)(&#+49+%42+$43$(3,)&,"43+"3+4)/()+
,4+)(&$-+-4'(4#,&#"#;+C3+(6&'5%(+49+&$,":(+,)&3#54),+"#+,-(+#4/".'H54,&##".'+5.'5B+2-"$-+5%&0#+&3+"'54),&3,+)4%(+"3+
'4:"31+#4/".'+&3/+54,&##".'+"43#+"3+&3/+4.,+49+,-(+$(%%;+
!"#$#%&
!"##$%&'()*+&%$,$-+."+)%')/)
3$4+2$,#%
!"#$"%&'%(%5+<)4$(##+49+'&"3,&"3"31+&+#,&7%(+(3:")43H
@"8(<#A9"&'%%(<#+ 9<#)5+ Q-(3+ ,-"#+ 5.'5+ "#+ "3+
'(3,+"3#"/(+&+$(%%+4)+&3+(3,")(+4)1&3"#';
45()&,"43B+ #4/".'+ "43#+ &)(+ 5.'5(/+ 4.,+ 49+ ,-(+
6"-/$-&,'&("-+ 7,'8($-&5+ C+ '(&#.)('(3,+ 49+ -42+
$(%%B+&3/+54,&##".'+"43#+&)(+5.'5(/+"3,4+,-(+$(%%;+
'.$-+ ,-(+ $43$(3,)&,"43+ 49+ &+ #.7#,&3$(+ $-&31(#+
R4,-+ "43#+ '4:(+ 9)4'+ &)(&#+ 49+ %42()+ ,4+ -"1-()+
&$)4##+&+/"#,&3$(;
$43$(3,)&,"43;
9'%%(*$+ 2,'-%)",&5+ D.7#,&3$(#+ $)4##+ ,-(+ $(%%+ '('H
B$%(/0$+ 2,'-%)",&5+ @05(+ 49+ ,)&3#54),+ "3+ 2-"$-+ :()0+
7)&3(+2",-4.,+,-(+$(%%+5)4:"/"31+(3()10;
%&)1(+'4%($.%(#+$)4##+,-(+$(%%+'('7)&3(;
:(;;<%("-5+ C+ #.7#,&3$(+ '4:(#+ ,-)4.1-+ &+ '('7)&3(+
C-8"/4&"%(%5+ @05(+ 49+ :(#"$%(+ ,)&3#54),+ ,-&,+ '4:(#+
9)4'+ &3+ &)(&+ 49+ -"1-+ $43$(3,)&,"43+ ,4+ &3+ &)(&+ 49+
&+ #.7#,&3$(+ "3,4+ ,-(+ $(%%;+ @-(+ 5%&#'&+ '('7)&3(+
%42+$43$(3,)&,"43;
$4'5%(,(%0+$4:()#+,-(+#.7#,&3$(B+&+:(#"$%(+5"3$-(#+
=%#"%(%5+ @-(+ /"99.#"43+ 49+ 2&,()+ '4%($.%(#+ &$)4##+ &+
499+9)4'+,-(+'('7)&3(B+&3/+,-(+:(#"$%(+$&))"(#+,-(+
'('7)&3(;
>'/(0(&'&$8+:(;;<%("-5+!"99.#"43+2",-+,-(+-(%5+49+,)&3#H
#.7#,&3$(+"3,4+,-(+$(%%;
CD"/4&"%(%5+ @05(+ 49+ :(#"$%(+ ,)&3#54),+ ,-&,+ '4:(#+ &+
54),+5)4,("3#;
#.7#,&3$(+ 4.,+ 49+ ,-(+ $(%%;+ C+ :(#"$%(+ $43,&"3"31+ ,-(+
2,'-%)",&+9,"&$(-5+D5($"&%+5)4,("3#+"3+,-(+'('7)&3(;+
#.7#,&3$(+'4:(#+,-)4.1-+,-(+$0,45%&#'+,4+,-(+$(%%+
?/&(*$+ 2,'-%)",&5+ C+ #.7#,&3$(+ '4:(#+ &1&"3#,+ ,-(+
'('7)&3(;+@-(3B+,-(+:(#"$%(+'('7)&3(+9.#(#+2",-+
$43$(3,)&,"43+1)&/"(3,+J.#(#+(3()10+9)4'+$(%%#K;
,-(+ $(%%+ '('7)&3(B+ &3/+ ,-(+ #.7#,&3$(+ "#+ )(%(&#(/+
4.,#"/(+,-(+$(%%;+
2,'-%)",&+?/,"%%+G$#H,'-$%
!"#$"%&'%(%+"#+43(+49+,-(+.3"90"31+5)"3$"5%(#+49+7"4%410;+@-(+$43$(3,)&,"43+49+:&)"4.#+#.7#,&3$(#B+#.$-+&#+#&%,#+&3/+
3.,)"(3,#B+3((/#+,4+7(+2",-"3+&+$(),&"3+)&31(+"3+4)/()+94)+&+$(%%+,4+9.3$,"43+34)'&%%0;+@4+'&"3,&"3+,-"#+7&%&3$(B+&+$(%%+
3((/#+,4+7(+&7%(+,4+'4:(+#.7#,&3$(#+"3+&3/+4.,;
I(%%+'('7)&3(#+&)(+#(%($,":(%0+5()'(&7%(+J#('"5()'(&7%(KB+#4+#4'(+'4%($.%(#+$&3+14+"3+2-"%(+4,-()#+$&3L,;
+& M0/)45-47"$+J2&,()H)(5(%%"31K+'4%($.%(#+%"8(+4601(3+$&3+5&##+(&#"%0+,-)4.1-+,-(+5-4#5-4%"5"/+7"%&0();
+& M0/)45-"%"$+J(&#"%0+/"##4%:&7%(+"3+2&,()K+'4%($.%(#+$&3L,+5&##+,-)4.1-+&#+(&#"%0;+N6&'5%(#+49+-0/)45-"%"$+'4%($.%(#+
"3$%./(+"43#+&3/+54%&)+'4%($.%(#+%"8(+2&,();
+& O4%($.%(#+%"8(+#.1&)#+&3/+5)4,("3#+&)(+,44+7"1+,4+14+,-)4.1-;+
@-)((+ 2&0#+ 94)+ #.7#,&3$(#+ ,4+ '4:(+ &$)4##+ &+ $(%%+ '('7)&3(*+ )'%%(*$+ &,'-%)",&.+ '/&(*$+ &,'-%)",&B+ &3/+ *$%(/0$+
&,'-%)",&1
!" 2,'-%)",&+),"&$(-%+4)+:(#"$%(+,)&3#54),#+&)(+3((/(/+,4+'4:(+-0/)45-"%"$+&3/+%&)1(+'4%($.%(#;+
@-"#+1."/(+2&#+$)(&,(/+70+A4-",+A&'8.'&)B+C'0+D-(3B+&3/+E"3+F.;+@4+%(&)3+
'4)(+&74.,+,-(+#,./(3,+&.,-4)#B+:"#",+-,,5*GG222;$8=>;4)1G&74.,G&74.,H.#G
,(&'G"3,()3#;
<&1(+=+49+>
:=;=;=?;>?=>
!"#$%&"'()*+,-"#+#,./0+1."/(+2&#+34,+$)(&,(/+,4+)(5%&$(+
04.)+,(6,7448+&3/+"#+94)+$%&##)44'+4)+"3/":"/.&%+.#(+43%0;
I"&$%
!"#$#%&
!"##$%&'()*+&%$,$-+."+)%')/)$!+(%0
9'%%(*$+2,'-%)",&
()**$%&+,)&3#54),+)(9()#+,4+,-(+'4:('(3,+49+#.7#,&3$(#+
&$)4##+,-(+'('7)&3(+2",-4.,+&30+"35.,+49+(3()10+9)4'+
,-(+$(%%;+@-)((+'&"3+,05(#+49+5&##":(+,)&3#54),+"3$%./(*
=%#"%(%B+&+#5($"&%+,05(+49+/"99.#"43+#5($"Y$&%%0+)(9())"31+
,4+,-(+'4:('(3,+49+2&,()+&$)4##+&+'('7)&3(;
:(;;<%("-B+ 2-()(+ '4%($.%(#+ W'4:(+ /423+ ,-(+ /"-/$-A
&,'&("-+F,'8($-&X+9)4'+&3+&)(&+49+-"1-+$43$(3,)&,"43+,4+
&3+&)(&+49+%42+$43$(3,)&,"43+.3,"%+(S."%"7)".'+"#+)(&$-(/+
J,-(+ $43$(3,)&,"43+ 49+ '4%($.%(#+ 43+ 74,-+ #"/(#+ 49+ ,-(+
'('7)&3(+&)(+(S.&%K;
#4%.,(K+4.,#"/(+&+$(%%+,-&3+"3#"/(+",B+,-()(+"#+&+%42()+
$43$(3,)&,"43+49+2&,()+4.,#"/(+,-(+$(%%+,-&3+"3#"/(+",;+
C#+&+)(#.%,B+2&,()+"3#"/(+,-(+$(%%+2"%%+/"99.#(+4.,+49+,-(+
$(%%;+U4)+&3"'&%+$(%%#B+,-"#+2"%%+$&.#(+,-(+$(%%+,4+#-)":(%;+
P3+ 5%&3,+ $(%%#B+ ,-(+ $(%%+ 2&%%+ "#+ )"1"/+ 7.,+ ,-(+ 5%&#'&+
'('7)&3(+2"%%+#-)"38+&3/+5.%%+&2&0+9)4'+,-(+2&%%;
+& D.7#,&3$(#+-&:(+&+,(3/(3$0+49+'4:"31+9)4'+&3+&)(&+
49+-"1-+$43$(3,)&,"43+,4+&3+&)(&+49+%42+$43$(3,)&,"43B+
#4+ ,-"#+ 5)4$(##+ /4(#+ 34,+ )(S.")(+ &3+ "35.,+ 49+ (3()10+
9)4'+,-(+$(%%;+
+& P9+,-()(+"#+&+-"1-()+$43$(3,)&,"43+49+#&%,+J4)+&30+4,-()+
+& P9+,-()(+"#+&+%42()+$43$(3,)&,"43+49+#&%,+J4)+&30+4,-()+
#4%.,(K+4.,#"/(+&+$(%%+,-&3+"3#"/(+",B+,-()(+"#+&+-"1-()+
$43$(3,)&,"43+ 49+ 2&,()+ 4.,#"/(+ ,-(+ $(%%+ ,-&3+ "3#"/(+
",;+C#+&+)(#.%,B+2&,()+4.,#"/(+,-(+$(%%+2"%%+/"99.#(+"3,4+
,-(+ $(%%;+ @-"#+ 2"%%+ $&.#(+ &3"'&%+ $(%%#+ ,4+ #2(%%+ &3/+
(:(3,.&%%0+7.)#,;+<%&3,+$(%%#+2"%%+Y%%+.5+2",-+2&,()+.3,"%+
,-(0L)(+,.)1"/+JY)'K+7(94)(+,-(0+#,45+,&8"31+"3+2&,();+
+
>'/(0(&'&$8+ 8(;;<%("-B+ &+ ,05(+ 49+ /"99.#"43+ &##"#,(/+ 70+
&,'-%)",&+),"&$(-%;+
N6&'5%(#+49+,)&3#54),+5)4,("3#*
+& I-&33(%+ 5)4,("3#+ &%%42+ #'&%%+ "43#+ &3/+ 2&,()+ ,4+ 14+
,-)4.1-+:()0+S."$8%0;
+& I&))"()+5)4,("3#+$-&31(+#-&5(+&#+,-(0+$&))0+#5($"Y$+
"43#+&$)4##+,-(+'('7)&3(;+
P'&1(+I)(/",*+O&)"&3&+A."Z+V"%%&))(&%+JT&/049M&,#KB+<.7%"$+!4'&"3
?/&(*$+2,'-%)",&
!"#$%&' ,)&3#54),+ )(9()#+ ,4+ ,-(+ '4:('(3,+ 49+ #.7#,&3$(#+
&$)4##+ ,-(+ '('7)&3(+ ,-&,+ )(S.")(#+ &3+ "35.,+ 49+ (3()10+
9)4'+,-(+$(%%;+N3()10+94)+&$,":(+,)&3#54),+$4'(#+9)4'+&3+
(3()10H$&))0"31+'4%($.%(+$&%%(/+C@<;
N3()10+ "#+ )(S.")(/+ ,4+ '4:(+ #.7#,&3$(#+ &1&"3#,+ ,-(+
$43$(3,)&,"43+ 1)&/"(3,+ 9)4'+ &)(&#+ 49+ %42+ $43$(3,)&,"43+
,4+ &)(&#+ 49+ -"1-+ $43$(3,)&,"43+ J$43,)&)0+ ,4+ ,-(+ 3&,.)&%+
5)4$(##+49+/"99.#"43K;+N3()10+"#+&%#4+3((/(/+,4+'4:(+:()0+
%&)1(+'4%($.%(#+&$)4##+,-(+'('7)&3(;
T"8(+ "3+ 5&##":(+ ,)&3#54),B+ ,)&3#54),+ 5)4,("3#+ &)(+ .#(/+ ,4+
'4:(+#'&%%()+#.7#,&3$(#;
+& @-(+
%"8(<#A)"&'%%(<#+ )<#)+ "#+ &3+ (6&'5%(+ 49+
&$,":(+ ,)&3#54),+ 2-()(+ #4/".'+ "43#+ &)(+ 5.'5(/+ 4.,+
&3/+54,&##".'+"43#+&)(+5.'5(/+"3;+
P'&1(+I)(/",*+O&)"&3&+A."Z+V"%%&))(&%+JT&/049M&,#KB+<.7%"$+!4'&"3
<&1(+>+49+>
T&)1()+'4%($.%(#+&)(+,)&3#54),(/+70+:(#"$%(+,)&3#54),1
!" C-8"/4&"%(%+ '4:(#+ &+ #.7#,&3$(+ "3,4+ ,-(+ $(%%;+ U")#,B+
,-(+ $(%%+ '('7)&3(+ #.))4.3/#+ ,-(+ #.7#,&3$(;+ @-(+
:(#"$%(+ ,-(3+ 5"3$-(#+ 499+ 9)4'+ ,-(+ '('7)&3(+ &3/+
$&))"(#+,-(+#.7#,&3$(+"3,4+,-(+$(%%;
!" CD"/4&"%(%+
"#+ ,-(+ )(:()#(+ 5)4$(##+ ,-&,+ '4:(#+ &+
#.7#,&3$(+ 4.,+ 49+ ,-(+ $(%%;+ V(#"$%(+ $43,&"3"31+ ,-(+
#.7#,&3$(+ '4:(#+ ,-)4.1-+ ,-(+ $0,45%&#'+ ,4+ ,-(+ $(%%+
'('7)&3(;+@-(+:(#"$%(+'('7)&3(+,-(3+9.#(#+2",-+,-(+
$(%%+'('7)&3(B+&%%42"31+,-(+#.7#,&3$(+,4+7(+)(%(&#(/+
4.,#"/(+49+,-(+$(%%;+
P'&1(+I)(/",*+I[H=>+U4.3/&,"43B+IIHRFH\IHDC+];?
© Copyright 2025 Paperzz