Burkenroad Axtel, S.A.B. de C.V.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Kfse* =26=

    FWQIJ* T.F.M. ai D.P. FWQIJDRE % MKPDemi}qy}f Cncdcfj8Ikr}itf ki cdfnf ai qijidekyncdfdcenit vyi eri}f inK cde. ]idekinafdcn ai Cnpi}tcn8 Mfnfki R}idce8KWN 4.02 CRD843*127.06 CKD42811?.70 T&R92286*403.62

    Tioynaf dekrff kt o}fnai ai ti}pcdcet cnqio}faet ai qiji`enf `chf

    in K cde.FWQIJ fmf}df ij ?.4) aij ki}dfae ai jft qijidekyncdfdcenitki cdfnft.Ty keaije eri}fqcpe itq mftfae in jf i`cdcindcf* r}eaydqcpcafa icnnepfdcn ai ty aitikrie rf}f erqckcxf} detqet* oftqet s yqcjcxfdcnai fdqcpet.Ay}fnqi ij =266* jf ikr}itf cnd}ikinq in 47.16) ty mfti aitytd}crqe}it ai ti}pcdcet ai Mfnaf Fndgf.Gf }idcmcae ij }idenedckcinqe re} rf}qi aij DIKI@C deke Ikr}itfTedcfjkinqi ]itrentfmji re} dcnde fet dentidyqcpet aitai =227.

    Ri}` j Oi i}fj i jf Ik }i fi r e } q t

    J f

    q c n e f k

    } c d f

    ' K w

    c d e

    #

    i } t

    c a f a

    a i

    K e n

    q i } } i s

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    Ri}` j Oi i}fj i jf Ik }i fi i

    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Ij r}idce ai jf fddcn ti deqcxf fj 9 ai kfse aij =26= in KNW 4.02.

    Ay}fnqi jet jqcket 4 fet FWQIJ* T.F.M. ai D.P. gf ketq}fae yn}inackcinqe r}ekiace fnyfj ai +19.?7).

    Jf `coy}f 6 kyitq}f ij dekre}qfkcinqe ai jf fddcn ay}fnqi jet jqcketq}it fet den ij re}dinqfhi ai dfkmce.

    AITIKRIE AIJ

    R]IDCE AI JFFDDCN

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @COY]F 4IMCQAF re} fe in kcjjenit ai ritet.@yinqi8 ]ire}qi fnyfj =262* FWQIJ* T.F.M. ai D.P. '=26=#

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Dyinqf den tict tfjcaft cnqi}nfdcenfjit f jf }ia ojemfj ai q}fntkctcn aiCnqi}niq 'Qchyfnf* Ki cdfjc* Dcyafa Hy}ix* Nyipe Jf}iae* ]isnetf sDfndn#.

    QFMJF 6Ymcdfdcn ai jf E`cdcnf Dinq}fj s ai jft Ikr}itft @cjcfjit.

    JEDFJCXFDCN DINQ]FJ S @CJCFJITJedfj Qcre

    Tfn Ria}e Of}xf Of}df* Nyipe Jin E`cdcnf Dinq}fj

    Fdfryjde* Oyi}}i}e @cjcfjDfndn* Vycnqfnf ]ee @cjcfj

    Foyftdfjcinqit* Foyftdfjcinqit @cjcfjDcyafa Hy}ix* Dgcgyfgyf @cjcfj

    @yinqi8 AfqfKencqe} '=266#

    Jf `coy}f 1 kyitq}f jft dcyafait in jft vyi FWQIJ eri}f fdqyfjkinqi styt 0 tfjcaft cnqi}nfdcenfjit ai Cnqi}niq in ij kfrf ai jf ]irmjcdfKi cdfnf.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Itq}ydqy}f de}re}fqcpf

    FWQIJ ti cnqio}f re} yn qeqfj ai 6= tymtcacf}cft* jf qfmjf 4 jft r}itinqfin ty qeqfjcafa hynqe den ty rf}qcdcrfdcn fddcenf}cf.

    QFMJF =Tymtcacf}cft ai FWQIJ s ty rf}qcdcrfdcn

    TYMTCACF]CFT S RF]QCDCRFDCNTymtcacf}cf Rf}qcdcrfdcn

    Faivycr* T.F. ai D.P. 622) Fpfnqij Ivycret* T.F. ai D.P. 622) Fpfnqij ]idy}tet* T.F. ai D.P. 622) Fpfnqij T. ai ].J. ai D.P. 622) Fpfnqij Ti}pcdcet* T.F. ai D.P. 622) Fpfnqij Qijidekyncdfdcenit* T.F. ai D.P. 622) Fpfnqij* T.F. 622)

    Ckryjte}f i Cnkemcjcf}cf ]iocenfj* T.F. ai D.P. 622)Cntqfjfdcenit s Denq}fqfdcenit* T.F. ai D.P. 622)Ti}pcdcet F qij* T.F. ai D.P. 622)Qijidek Niqwe}lt Cnd. 'Yncqia Tqfqit# 622)Denidqcpcafa Cnfjkm}cdf ? Ogx* T. ai ].J. 92)

    @yinqi8 Iki}ocno Kf}liqt Cn`e}kfqcen Ti}pcdi '=26=#

    R}eaydqet

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Jf `coy}f 9 kyitq}f ij cnd}ikinqe vyi gf qincae FWQIJ in Ytyf}cet denCnqi}niq ai Mfnaf Fndgf.

    @COY]F 9Ytyf}cet den Cnqi}niq ai Mfnaf Fndgf. @yinqi8 Rocnf e`cdcfj ai FWQIJ* T.F.M. ai D.P. '=266#

    Itq}fqiocft F qij* T.F.M ai D.P gf cndy}tcenfae in ij keaije ai nioedce vyi pfin`edfae in jf fqindcn f tyt djcinqit den nyipf s kihe}faf qidnejeof*

    60= 469 140

    99.40)

    31.11)

    47.16)

    2.22)

    =2.22)

    12.22)

    02.22)

    72.22)

    622.22)

    2

    622

    =22

    422

    122

    922

    =223 =262 =266

    Ytyf}cet den Cnqi}niq ai MfnafFndgf in kcjit

    Ytyf}cet ai Mfnaf Fndgf Re}dinqfhi ai d}idckcinqe

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @fdcjcqfdcn rf}f ij rfoe ai r}eaydqet e ti}pcdcet e`}idcaet re} jfikr}itf* ti}pcdce ai `fdqy}fdcn ijidq}ncdf* f q}fpt aij dyfj* ijdjcinqi ryiai aidcac} sf ne }idcmc} ty `fdqy}f in rfrij tcne re} kiace ijidq}ncde.@yi}qi cndy}tcn* f ncpij nfdcenfj s jedfj* in kiacet enjcni s }iaittedcfjit* ft deke ij }iactie aij Re}qfj FWQIJ.Itq}fqiocf qidnejocdf s deki}dcfj in`edfaf f }i`}inaf} jf retcdcndeke dentyjqe} cnqio}fj ai ti}pcdcet ai Qidnejeoft aiCn`e}kfdcn s Dekyncdfdcn 'QCD#.

    Re} eq}e jfae FWQIJ ti gf e}cinqfae f cnde}re}f} yn re}qf`ejce ai nyipfttejydcenit f jf rjfqf`e}kf QCD* in jft dyfjit ti e}cinqf f oini}f} pfje} fjet djcinqit* }iayddcn ai detqet* kihe}fkcinqe ai r}eaydqcpcafa icnd}ikinqe ai jf dekriqcqcpcafa. Ftckctke* f kfni}f ai tioyc} tcinaeynf Ikr}itf Tedcfjkinqi ]itrentfmji* ti denqcnf den ij aitf}}ejje air}eo}fkft e}cinqfaet f actkcnyc} jf ikctcn ai df}mene den jf keafjcafaai `fdqy}fdcn ijidq}ncdf.

    Gidget }ijipfnqit

    In acdcikm}i aij =262* Pfje}it Mfnfki deke `e}kfae} ai ki}dfae

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    pindckcinqe in =263 f m,%}}1 ai mm +< jf ri}tridqcpf ti gf }ipctfae fitqfmji ai niofqcpf. Jft fddcenit ai dfjc`cdfdcn }i`jihfn ij cnd}ikinqein ij ncpij ai frfjfndfkcinqe ai jf dekrff ay}fnqi jet jqcket q}itfet* yn aitikrie eri}fqcpe vyi gf itqfae re} aimfhe ai jfti ridqfqcpft ai @cqdg s denqcnyf oini}fdcn niofqcpf ai `jyhe jcm}i aii`idqcpe. @cqdg d}ii vyi in jet r} cket fet* ij frfjfndfkcinqe kiacaedeke aiyaf qeqfj f Imcqaf aimi} ri}kfnidi} in ncpijit di}dfnet f 4.2pidit ' # s ij `jyhe jcm}i ai i`idqcpe aimi} ti} niofqcpe e kncke afaevyi ti itri}f vyi F qij cnpci}qf ij `jyhe oini}fae re} jft eri}fdcenit.

    In nepcikm}i aij =266* FWQIJ emqcini yn jf denq}fqfdcn ai yn d}acqetcnacdfae f dyfq}e fet re} fr}e ckfafkinqi 622 kcjjenit ai ajf}itden jf rf}qcdcrfdcn ai 9 ckre}qfnqit mfndet ai }ijfdcn. Ij r}ertcqer}cndcrfj aij `cnfndcfkcinqe it ij `e}qfjidckcinqe ai jcvycaix ai jfdekrff. Jet mfndet rf}qcdcrfnqit in jf q}fntfddcn ten Mfne}qi* CNOs Tqfnaf}a Mfnl* faikt ai Mfnfki s D}iacq Tyctti* vyi fdqyf}endeke dee}acnfae}it jai}it denhynqet.

    Ij kctke kit* Keeas/t Cnpitqe}t Ti}pcdi mfh jf dfjc`cdfdcn ai `fkcjcfde}re}fqcpf ai F qij* T.F.M. ai D.P. f dff6 ai m4 aimcae f jf kfse} r}emfmcjcafa ai cndykrjckcinqe ai jf dekrff vyi ty}oi re} jffr}iqfaf retcdcn ai jcvycaix ai kt jf}oe rjfxe s ij jckcqfae dejdgn injft }it } dd it d }fd fjit i jf i f j if i d}

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Oemci}ne de}re}fqcpe

    Jf e}ofncxfdcn dyinqf den yn Dekcq ai Fyacqe}f s R}dqcdftTedciqf}cft vyi ti indf}of ai ftioy}f} vyi jet dekr}ekctet den jetfddcenctqft ti dykrjfn.

    QFMJF 4 Kcikm}et aij Dekcq ai Fyacqe}f s R}dqcdft Tedciqf}cft

    DEKCQ AI FYACQE]F S R]DQCDFT TEDCIQF]CFTMi}nf}ae Oyi}}f Q}ipce 'R}itcainqi aij Dekcq#Gdqe} Kiacnf Foycjf} Jfw}indi G. Hi``}is

    @yinqi8 Rocnf e`cdcfj ai FWQIJ* T.F.M. ai D.P. '=26=#

    Dyi}re ac}idqcpe

    Ij dyi}re ac}idqcpe ai FWQIJ ti den`e}kf re} =1 kcikm}et* aitd}cqetin jf qfmjf 1.

    QFMJF 1Kcikm}et aij Dyi}re Ac}idqcpe

    DYI]RE AC]IDQCPE

    FNQIDIAINQITAI JFFAKCNCTQ]FDCN

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Cpn Gi}nnaix Ac}idqe} Ihidyqcpe ai QidnejeofMi}nf}ae Q}ipce Ac}idqe} Cnairinacinqi

    M}yne Kfxf Ac}idqe} Ihidyqcpe ai Kf}liqcno iCnnepfdcnJfw}indi Oy``is Ac}idqe} Cnairinacinqi@i}nfnae Ejcpci}c Ac}idqe} Hyjce Jekmf}a Ac}idqe} ai ]ijfdcenit den jet Kiacet

    Fjmi}qe Geset Ac}idqe}

    Ne Oenxjix Ac}idqe} Ihidyqcpe ai Eri}fdcenit aiDfkre s jf ]iaJe}inxe Q}ipce Ac}idqe} Rfq}cdce Mf}}i}f Ac}idqe}

    Fnqence Tfaf Ac}idqe} Ihidyqcpe ai Kftt Kf}liq@iai}cde Dgfpixnfpf Dentihe Oini}fj

    Fa}cfn Tfnqet ]ijfdcenit den Cnpi}tcenctqft

    @yinqi8 Kfd}ef ct '=26=#

    Dentihe fakcnctq}fqcpe

    Ij Dentihe ai Fakcnctq}fdcn ti indyinq}f cnqio}fae re} 7 kcikm}et.

    QFMJF 9 Kcikm}et aij Dentihe Fakcnctq}fqcpe DENTIHE FAKCNCTQ]FQCPE

    @yndcenf}ce Ryitqe

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    QFMJF 7 ]ijfdcn ai cnpi}tcn in fddcenit den ftedcfaft.

    ]IJFDCN AI CNPI]TCN IN FDDCENIT + FTEDCFAFTNekm}i ai jf

    ikr}itf FdqcpcafaNki}e aifddcenit

    Re}dinqfhiai Qin.

    DENIDQCPCAFACNFJFKM]CDF ?OGXT. AI ].J.

    Ti}pcdcet aiQijidekyncdfdcenit = 92)

    @yinqi8 Rocnf E`cdcfj ai FWQIJ* T.F.M. ai D.P. '=266#.

    QFMJF 3 Cnqio}fdcn aij Dfrcqfj Tedcfj Rfofae.

    CNQIO]FDCN AIJ DFRCQFJ TEDCFJ RFOFAE

    Ti}citNki}e ai Fddcenit Dfrcqfj Tedcfj

    Re}dcn @chfRe}dcnPf}. Kiwcdfnet Jcm}iTytd}crdcn @che Pf}.

    F 30*040*0=? + 30*040*0=? + ?4*26= +M 7*0?=*?60*930 + + 7*0?=*?60*930 0*99=*9=1 +Qeqfj 7*?03*494*==4 + 30*040*0=? 7*0?=*?60*930 0*0=9*940 +

    @yinqi8 Rocnf E`cdcfj ai FWQIJ* T.F.M. ai D.P. '=266#.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    r}cki}f dyinqf }i`i}caf ynf dfnqcafa ai KNW !=*232 kcjjenit s in jftioynaf KWN !66= kcjjenit. Je fnqi}ce} itq aitd}cqe in jf qfmjf 62.

    QFMJF 62 ]ire}qi @cnfndci}e Q}ckitq}fj 1V66.

    @yinqi8 Rocnf e`cdcfj ai FWQIJ* T.F.M. ai D.P. '=26=#

    Ftckctke* rf}f jet jqcket aedi kitit* FWQIJ* T.F.M. ai D.P. }ioctq}fyn cnd}ikinqe in tyt pinqft ai yn =)* den KWN !62*7=3 kcjjenit rf}fij =266 s KWN !=*?33 kcjjenit ai detqe ai pinqft* ij dyfj ti }iayhe 9)in dekrf}fdcn den ij aij =262. Itqe it aimcae r}cndcrfjkinqi f jfactkcnydcn ai jet detqet ai q}`cde ai `che+f+kpcj* ij q}`cde

    cnqi}nfdcenfj s jft jjfkfaft nfdcenfjit ai jf}of actqfndcf. Jf }iayddcnai detqet q}fi ckrjdcqfkinqi yn fykinqe ai 1) in jf yqcjcafa m}yqf aijf ikr}itf

    ]IRE]QI @CNFNDCI]E Q]CKITQ]FJ 1V66V1 V1 1V66%1V62

    Kcjjenit ai ritet =266 =262 )Pinqft !=*?07 !=*?=4 =)

    Detqe ai Pinqft !0?7 !??= +6=)Yqcjcafa M}yqf !=*232 !6*396 ?)Oftqet ai Eri}fdcn !6*632 !6*69? 4)Yqcjcafa ai Eri}fdcn !66= !=1 40?)Yqcjcafa Niqf +!6*207 +!661 74?)

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    QFMJF 66 ]ire}qi @cnfndci}e Fnyfj rf}f jqcket aedi kitit.

    ]IRE]QI @CNFNDCI]E FNYFJYAK Acd66%Acd62

    Kcjjenit ai ritet acd+66 acd+62 ) Pinqft !62*7=3 !62*09= =)Detqe ai Pinqft !=*?33 !=*399 +9)Yqcjcafa M}yqf !7*242 !?*03? 1)Oftqet ai Eri}fdcn !1*190 !1*103 2)Yqcjcafa ai Eri}fdcn !14? !=41 7?)Yqcjcafa Niqf +!=*214 +!42? 909)

    @yinqi8 Rocnf e`cdcfj ai FWQIJ* T.F.M. ai D.P. '=26=#

    ]ityjqfae Cnqio}fj ai @cnfndcfkcinqe

    Ij oftqe `cnfndci}e niqe rf}f ij dyf}qe q}ckitq}i =266 ti cnd}ikinq inKWN !=2 kcjjenit den }itridqe fj dyf}qe q}ckitq}i ai =262* aimcae f yntfjae kfse} ai aiyaf. Ay}fnqi ij dyf}qe q}ckitq}i ai =266* ynfair}idcfdcn aij rite aij 1) `}inqi fj ajf} ai II.YY. oini} ynfr}acaf ai KWN !149 kcjjenit* in dekrf}fdcn den ynf ofnfndcf ai

    KWN !624 kcjjenit }ioctq}faet in ij dyf}qe q}ckitq}i ai =262. Indyfnqe f jft pf}cfdcenit in ij pfje} }fxenfmji ai cntq}ykinqet`cnfndci}et* itqft ti i rjcdfn in rf}qi re} jf actkcnydcn aij 6=) s 9)

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    QFMJF 6= Detqe Cnqio}fj ai @cnfndcfkcinqe.

    DETQE CNQIO]FJ AI @CNFNDCFKCINQE

    V1 V1 1V66%1V62 YAK Acd66%Acd62Kcjjenit airitet =266 =262 ) acd+66 acd+62)

    Cnqi}t Niqe +!=?2 +!=92 7.22) +!372 +!34= 9.69)Yq. 'R}acaf#Dfkmcf}cf Niqf +!149 !624 N.F. +!6*67= !14? N.F.Pfjyfdcn aiai}cpfaet +!69 +!61 ?.61) +!?7 +!33 +=6.=6)

    QEQFJ +!?=2 +!606 41?.=2) +!=*=43 +!931 =?0.31)

    @yinqi8 Rocnf e`cdcfj ai FWQIJ* T.F.M. ai D.P. '=26=#

    Tytd}crqe}it ai Mfnaf Fndgf

    Ay}fnqi =262* FWQIJ* T.F.M. ai D.P. }ioctq} ij kfse} d}idckcinqe intytd}crqe}it ai mfnaf fndgf* tcinae rceni}e in jet ti}pcdcet ai 622Kmrt rf}f ij ki}dfae kftcpe.

    Deke ti kyitq}f in jf @coy}f 0* aimcae f jf `yndcenfjcafa ai tytqidnejeoft _cKFW s @QQG* jft dyfjit ti dekrjikinqfn rf}f e`}idi} ti}pcdcet ai fjqf pijedcafa s ai tyri}ce} dfjcafa* in ij =262* jf dekrffcnd}ikinq ty mfti ai tytd}crqe}it ai ti}pcdcet ai Mfnaf Fndgf ai 60=k f k f d }} } } f

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    In dyfnqe fj tiokinqe ai qidnejeoft ai jf cn`e}kfdcn* in ij =266* ij

    Mytcnitt Kencqe} Cnqi}nfqcenfj 'MKC# rymjcd ty itdinf}ce ai r}esiddcnrf}f jf cnaytq}cf ai jft qijidekyncdfdcenit in K cde gftqf ij fe=260* deke ti emti}pf in jf Qfmjf 64.

    QFMJF 64 Itdinf}cet ai R}esiddcn rf}f jf Cnaytq}cf ai Qijidekyncdfdcenitin K cde.

    ]ire}qi ai Qijidekyncdfdcenit in Kwcde=266 I =26= I =264 I =261 I =269 I =260 INki}e ai ytyf}cet aicnqi}niq 47*239 12*?31 14*620 11*396 10*=74 17*660Dfkmce Re}dinqyfj 3.=1) ?.27) 9.0?) 1.=7) =.30) 4.30)

    Nki}e ai tytd}crqe}itai mfnaf fndgf 61*130 60*13? 67*14? =2*249 =6*600 ==*9?=

    Dfkmce Re}dinqyfj 67.=7) 64.72) 66.?0) 7.0?) 9.09) 0.01)

    @yinqi8 Mytcnitt Kencqe} Cnqi}nfqcenfj. '=266#.

    Ij MKC r}enetqcdf ij yte ai cnqi}niq in mfti f d}idckcinqet fnyfjit*fjdfnxfnae rf}f ij =260 f 17.660 kcjjenit ai ytyf}cet* vyi }ir}itinqfn

    43.?) ai jf remjfdcn ki cdfnf.

    In dyfnqe fj nki}e ai djcinqit ai mfnaf fndgf* jf r}iacddcn r}ip yn

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Aitd}crdcn ai jf cnaytq}cfIn jf fdqyfjcafa* jft qijidekyncdfdcenit ten yn mcin itindcfj ai jf`yndcn ai jf r}eayddcn ai jft ikr}itft. Jet ti}pcdcet ai qiji`enf s ijyte ai jf mfnaf fndgf in Cnqi}niq ti yqcjcxfn deke fdqcpet `chet ainq}eai jft dekrfft. Ij aitf}}ejje ai itqi tidqe} mini`cdcf jf r}eaydqcpcafaai jft `c}kft i cndcai ai kfni}f retcqcpf in jf dfainf r}eaydqcpf ai

    dfaf rft.

    F jf `idgf* ij tidqe} ai jft qijidekyncdfdcenit in K cde e`}idi ynffkrjcf ofkf ai ti}pcdcet8 qiji`enf kpcj s `chf* qijipctcn s }face fmci}qfs }itq}cnocaf s fddite f Cnqi}niq.

    Qfkfe s itq}ydqy}f ai jf cnaytq}cf

    K cde }ir}itinqf ij 9.1) aij pfje} ai jf cnaytq}cf aiqijidekyncdfdcenit ai jnif `chf in Fk}cdf. Deke ti emti}pf in jf@coy}f ?* Itqfaet Yncaet fmf}df ij 90.6) ai jf cnaytq}cf ai qiji`enft.

    FNJCTCT AI JFCNAYTQ]CF

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Ij d}idckcinqe ai acdgf cnaytq}cf ti gf cae aitfdiji}fnae in jet jqcketfet* je vyi dyjkcn den ynf denq}fddcn in ij pfje} aij ki}dfae in ij

    =262. Jf }idyri}fdcn ne ti r}ip in ij ri}ceae ai r}entqcde.

    Ij ki}dfae ki cdfne ai jnif `chf ai qijidekyncdfdcenit }ire}qcno}itet qeqfjit ai YTA !62.6 kcj kcjjenit rf}f `cnfjit aij =262*}ir}itinqfnae ynf qftf ai d}idckcinqe dekryitqf fnyfj aij 2*=) inq}i=220 s =262. In dekrf}fdcn* ij ki}dfae ai II.YY. ti }iayhe f ynf

    qftf aij +1*0)* s ij ki}dfae dfnfacinti fykinq 2*1)* in ij kctkeri}eae* gftqf fjdfnxf} jet pfje}it }itridqcpet ai YTA !629*0 kcjkcjjenit s YTA !=4*6 kcj kcjjenit in ij =262.

    In K cde* ij d}idckcinqe fnyfj dekryitqe aij pejykin qij`enet aijnif `chf `yi aij 2*6) rf}f ij ri}ceae dekr}inacae inq}i =220 s =262*

    gftqf fjdfnxf} yn qeqfj ai 63.3 kcjjenit ai qij`enet ai jnif `chf in ij=262. Ti itri}f vyi ij pejykin aij ki}dfae dfcof f 63.7 kcjjenit aiqij`enet ai jnif `chf rf}f `cnfjit aij =269* je vyi }ir}itinqf ynf qftfaij +2*6) rf}f ij ri}eae =262+=269. Ij tiokinqe ai pex `yi edyr jfkfse} rf}qi aij ki}dfae in ij fe =262* den cno}itet qeqfjit ai YTA!7.4 kcjjenit* ivycpfjinqit fj 7=*=) aij pfje} qeqfj aij ki}dfae. Deketi ryiai fr}idcf} in jf @coy}f 7* ij tiokinqe ai ti}pcdcet ne pedfjitdenq}cmysi}en f cno}itet ai YTA !6.7 kcj kcjjenit rf}f ij =262* je vyii cpfji fj }itqfnqi 6?*7) aij pfje} qeqfj aij ki}dfae

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @COY]F 7Tiokinqfdcn ai ki}dfae ai ti}pcdcet ai qiji`enft ai jnif `chf inK cde =262.

    @yinqi8 AfqfKencqe} '=262#.

    @fdqe}it kfd}eidenkcdet

    Ij R}eaydqe Cnqi}ne M}yqe 'RCM#* ij d}idckcinqe ai jf remjfdcn* jet `jyhetvyi cno}itfn fj rft deke }ikitft* jf qftf ai aitikrjie* nacdi aiden`cfnxf fj dentykcae} s jf dentq}yddcn ai pcpcinaft s geof}it* tenjet r}cndcrfjit `fdqe}it kfd}eidenkcdet vyi f`idqfn jf cnaytq}cf.

    Aimcae f vyi jet ti}pcdcet ai dekyncdfdcn ai FWQIJ ten mtcdet in jf

    dfjcafa ai pcaf ai jft `fkcjcft ki cdfnft* ty dentyke airinai in o}fnkiacaf ai jf remjfdcn aij rft* ft deke aij cno}ite nfdcenfj. Ij `fdqe} Remjfdcn in K cde* deke ti kyitq}f in jf `coy}f 3* gf caecnd}ikinqfnae f q}fpt ai jet fet* kft ty d}idckcinqe gf qincae ynfaitfdiji}fdcn aitai ij =227.

    6.69)

    6.61) 6.61)

    6.69)6.60)

    664*222*222.22

    661*222*222.22669*222*222.22

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    +66.2?)

    =.=1)+4.27)

    66.49)

    +==.77)

    3.47)62.43)

    =2.26)

    +67.74)

    ?.7?)6.37)0.17)

    +6=.02)

    9.71) =.47)

    +42.22)+=9.22)+=2.22)+69.22)+62.22)+9.22)2.22)9.22)

    62.22)69.22)=2.22)=9.22)

    !+

    !=2*222*222.22

    !12*222*222.22

    !02*222*222.22

    !72*222*222.22

    !622*222*222.22

    !6=2*222*222.22

    RCM Dfkmce Re}dinqyfj

    Ij R}eaydqe Cnqi}ne M}yqe 'RCM# aij rft qfkmcn it dentcai}fae dekeyn `fdqe} kfd}eidenkcde ckre}qfnqi in jf cnaytq}cf. Itqi cnacdfae} ti

    pce f`idqfae f kiacfaet s `cnfjit aij =227 re} jf d}ctct kynacfj vyir}eped ynf mfhf dentcai}fmji in jf oini}fdcn ai ti}pcdcet s yncnd}ikinqe in ij aitikrjie. Kfnqype ynf qinaindcf ait`fpe}fmji gftqfij = q}ckitq}i aij =223* f rf}qc} aij qi}di} q}ckitq}i jf idenekfdekinx ty }idyri}fdcn.

    Fdqyfjkinqi* ij RCM r}itinqf d}idckcinqe f ritet dentqfnqit den}itridqe fj kctke ri}ceae aij fe fnqi}ce}.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @COY]F 66nacdi ai Den`cfnxf aij Dentykcae} in K cde@yinqi8 CNIOC '=26=#

    Ij nacdi ai Den`cfnxf aij R}eaydqe} gf r}itinqfae d}idckcinqet f rf}qc} aij qi}di} q}ckitq}i aij =266 f jf `idgf* acdge fykinqe ti pi }i`jihfae injf coy}f 6=.

    =4.91)

    2.97) +2.04)6.10) 2.74) =.2?) 2.32)

    +=.6=)+2.=6)

    62.43)

    42.90)

    9=.?=)

    +62.22)

    2.22)

    62.22)

    =2.22)

    42.22)

    12.22)

    92.22)

    02.22)

    36.136.036.73=.23=.=3=.13=.0

    3=.734.2

    CDD =266 Dfkmce Re}dinqyfj

    +2.2=)

    +2.21) +2.21)+2.2=)2.22)

    626.9

    62=

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @COY]F 69@yi}xft ai Re}qi} rf}f ij ki}dfae ai qijidekyncdfdcenit ai jnif`chf in K cde =262.@yinqi8 AfqfKencqe} '=262#.

    Reai} ai nioedcfdcn ai jet dekr}fae}it

    Ij ki}dfae ai jft qijidekyncdfdcenit ti df}fdqi}cxf re} jf o}fn dfnqcafaai dekr}fae}it `cnfjit* qfnqe cnacpcayfjit deke deki}dcfjit* s jfniditcafa ai ti}pcdcet rf}f tyt nioedcet. Itqf airinaindcf aimcjcqf ijreai} ai dekr}f* deke jf r}acaf ai yn teje djcinqi ne qina} yn ckrfdqe

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    itqn indi}}faet in yn denq}fqe re} yn ri}ceae ai qcikre aiqi}kcnfae. Tcitqi it ij dfte* ti rea}f qini} vyi rfof} rf}f }ekri} ij fdyi}ae. Jf

    jifjqfa aij djcinqi it mfhf sf vyi jet dekr}fae}it ti denaydin re} ijr}idce s ij ti}pcdce r}itqfae it kiacfnfkinqi ac`i}indcfae* je dyfj`e}qfjidi ij reai} ai dekr}f* deke ti pi in jf @coy}f 60* ij djcinqi itkys cnairinacinqi. In oini}fj* ij reai} ai dekr}f ti pfjf dekekeai}fae.

    @COY]F 60Reai} ai nioedcfdcn ai jet dekr}fae}it in ij ki}dfae aiqijidekyncdfdcenit =262

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    r}epiiae}it itridcfjcxfaet airinain ai jet cno}itet ai jf jnif `chf ai jfcnaytq}cf ai jft qijidekyncdfdcenit.

    F denqcnyfdcn ti kyitq}fn jet ftridqet vyi ti dentcai}fn fj }ifjcxf} nioedcfdcenit den r}epiiae}it* ft deke ty ncpij ai }ijipfndcf.

    @COY]F 6?Reai} ai nioedcfdcn ai jet r}epiiae}it in ij ki}dfae aiqijidekyncdfdcenit.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Tcn ikmf}oe* jet foinqit aij ki}dfae ti dinq}fn kt in ij ti}pcdce ai

    afqet in jyof} ai jet ti}pcdcet ai pex deke r}cndcrfj `yinqi ai mini`cdcet*ac`i}indcfnae jf e`i}qf gftqf dci}qe rynqe. Re} eq}f rf}qi* jft ikr}itft*itqfmjidcaft qcinin ij aekcnce* je vyi tconc`cdf vyi jet nyipet eri}fae}itryiain in`}inqf}ti fj rede fq}fdqcpe }inackcinqe ai jet cno}itet qeqfjit.Ij jinqe d}idckcinqe in jet jqcket fet hynqe den jf ri}tridqcpf ai ynaidjcpi fyn kfse} s jf fkinfxf d}idcinqi ai tytqcqyqet* actkcnysi ijfq}fdqcpe rf}f jet retcmjit nyipet inq}fnqit. In oini}fj* jf fkinfxf ainyipet dekriqcae}it in ij ki}dfae ai jft qijidekyncdfdcenit ai jnif`chf it keai}faf.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    }iocenit aenai jf riniq}fdcn ai jet qij`enet ai jnif `chf qeafpf ne itqfn r}e`ynaf. Ikr}itft ai qiji`enf kpcj* hynqe den jet r}epiiae}it ai

    ti}pcdcet ai Cnqi}niq* e`}idin fge}f f jet dekr}fae}it yn nki}ecjckcqfae ai rjfnit ai r}irfoe den dfrfdcafait cnfjkm}cdft vyi }ityjqfnti} `cnfndci}fkinqi }inqfmjit s denpincinqit rf}f jet dentykcae}it.

    Itqe gf tcae itridcfjkinqi cn`jysinqi in ij d}idckcinqe ai jf Pex tem}i ijR}eqedeje ai Cnqi}niq. Tcn ikmf}oe* jft o}fnait ikr}itft ai qiji`enf `chf

    ai qijidekyncdfdcenit* deke Qijki * f kinyae e`}idin itqet ti}pcdcetre} ty dyinqf* je vyi }iaydi jf fkinfxf ai jet tytqcqyqet ai eq}etr}epiiae}it ai ti}pcdcet. Faikt* jet eri}fae}it ai jnif `chf itqnmytdfnae ij mini`cdce facdcenfj in ti}pcdcet ai afqet. In oini}fj* jffkinfxf ai tytqcqyqet ti pfjf deke keai}faf.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    ryiai ti} yn tytqcqyqe ri}`idqe rf}f jf cn`}fitq}ydqy}f ai jnif `chfq}facdcenfj* it in rf}qi }itrentfmji ai jf }idcinqi actkcnydcn ai jf jnif

    ai qijidekyncdfdcenit `chft. Itqf it ynf fkinfxf dfaf pix kfse} in jft}iocenit aenai jf riniq}fdcn ai jnif `chf ne it qfn r}e`ynaf s in jft}iocenit in pft ai aitf}}ejje.

    Jet djcinqit ijcoin jf denpincindcf ai jf kepcjcafa s* in kydget dftet* ijne ri}ai} dyfjvyci}f ai jft df}fdqi}tqcdft qdncdft ai jnif `chf. Re} eq}frf}qi* jet mfhet detqet ai denkyqfdcn s ai nfqy}fjixf tckcjf} aihfnjydgfnae f jf kfse}f ai jft dekrfft qiji`ncdft ai jnif `chf re} tyrf}qcdcrfdcn in ij ki}dfae. Jf }cpfjcafa ryiai ti} fn kft `i}ex inK cde* sf vyi ti itri}f vyi ij ki}dfae actkcnysf jinqf ri}eo}fayfjkinqi s jf nyipf jioctjfdcn `iai}fj* dinq}faf in jft

    qijidekyncdfdcenit* ri}kcqi ynf kfse} rf}qcdcrfdcn ai ki}dfae rf}feq}ft ikr}itft vyi ne tifn ij ocofnqi nfdcenfj ai jftqijidekyncdfdcenit* Qijki .

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @EAF8 @e}qfjixft* Ere}qyncafait* Aimcjcafait s Fkinfxft

    hk

    a

    @e}qfjixft

    Fwqij* fj favyc}c} Fpfnqij* ryae iwrfnac} ty fjdfndi ainq}e ai jf cnaytq}cf ai jftqijidekyncdfdcenit* aimcae f vyi Fpfnqij qinf sf r}itindcf in ij ki}dfaede}re}fqcpe s denqfmf den ynf df}qi}f ai djcinqit s iwri}cindcf re} rf}qi aij

    ri}tenfj vyi jf eri}fmf.Aet ai jet r}cndcrfjit mfndet aij rft eri}fn tem}i jft }iait ai jf dekrffFwqij.M}cnafn ftctqindcf in ij tidqe} aij oemci}ne `iai}fj* s o}fn dfnqcafa aitid}iqf}cft ai oemci}ne qfkmcn jfme}fn den rjfqf`e}kf Fwqij.It jf tioynaf dekrff kt o}fnai ai qijidekyncdfdcenit.E`}idi fkrjcf pf}ciafa ai ti}pcdcet s r}eaydqet rf}f ac`i}inqit tidqe}it+

    oemci}ne* rf}qcdyjf} e ikr}itft+ in jet dyfjit qcinin fjqet ncpijit ai dfjcafa siwri}cindcf.Dyinqf den tict tfjcaft cnqi}nfdcenfjit f jf }ia ojemfj ai q}fntkctcn aiCnqi}niq. S ti indyinq}f eri}fnae in kt ai 43 dcyafait aij rft.

    Ere}qyncafaitIj d}idckcinqe qidnejocde fpfnxf af den af* Fwqij tcikr}i ti gf kfnqincae f jfpfnoyf}acf in itqi kmcqe vyi rea}f tioyc} fr}epidgfnae rf}f cnnepf} tyt ti}pcdcet.Jf ikr}itf ai qijidekyncdfdcenit Fwqij fnqcdcrf e`}idi} pcaie re} cnqi}niq 'CR QP# itqi

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Aimcjcafait

    Aimcae f jf d}ctct kynacfj* ij pfje} ai jf fddcn ai Fwqij gf dfae in jet jqcketkitit.Jft dekrfft ai qijidekyncdfdcenit ten jft vyi cndy}}in in kt vyihftainq}e ai jf R}edy}fay}f @iai}fj aij Dentykcae} 'R]E@IDE#* Fwqij it ynf aiijjft* in jf dyfj jet dentykcae}it gfn aitfqfae ij `fjje ai tyt ti}pcdcet s jffqindcn vyi ti jit eqe}of rf}f ij }irf}e ai itqet kctket.Fwqij dyinqf den rede fjdfndi in dci}qft }iocenit aij rft vyi f`idqf ij

    fjdfndi f tyt dentykcae}it.

    Fkinfxft

    Qijkiw gf fmf}dfae kt ki}dfae vyi Fwqij* s den jf cnde}re}fdcn aiQij`enet ai Kwcde* T.F.M. ai D.P. f nyipft }ift* ne ti r}ipn dfkmcet in

    jf tcqyfdcn.Ynf aitfdiji}fdcn kfse} ai jf itri}faf in jf cnaytq}cf aiqijidekyncdfdcenit ai jnif `chf in Kwcde rea}f ckrjcdf} yn kine}acnfkctke inq}i ij d}idckcinqe aij ki}dfae s ij o}fae ai dekriqindcf ai jftikr}itft ainq}e ai acdge tidqe}.Ij d}idckcinqe fdiji}fae ai jf qiji`enf kpcj f`idqf ac}idqfkinqi f jfqiji`enf chf.

    Ij pfje} aij rite kiwcdfne }itridqe fj ajf} it yn }citoe aimcae fj fjqe ncpijaij inaiyafkcinqe vyi FWQIJ kfnqcini in ajf}it.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    FWQIJ* T.F.M. ai D.P. dyinqf den ynf rf}qcdcrfdcn ai ki}dfae aij

    ?.4) aij ki}dfae qeqfj ai qijidekyncdfdcenit ai jnif `chf in K cde.

    FWQIJ T.F.M. ai D.P. ti in`}inqf f dekriqcae}it vyi qcinin in ijki}dfae kydgf kt fnqcoiafa vyi ijjet. Jft dekrfft aiqijidekyncdfdcenit ti it`yi}xfn re} acpi}tc`cdf} tyt ti}pcdcet ai ynf feq}f ikr}itf* ri}e ij ti}pcdce mtcde ai qiji`enf `chf it kys tckcjf} inqeaft.

    In K cde* ij ki}dfae ai Qijidek itq kys titcenfae sf vyi ti gfdenqfae den yn kenerejce ay}fnqi kydget fet. Fdqyfjkinqi* ij

    ki}dfae sf itq pcinae yn dfkmce in itqf tcqyfdcn* deke emti}pfketin jf Qfmjf 61.

    QFMJF 61 Rf}qcdcrfdcn ai ki}dfae in jft qiji`enft `chft ai K cde.

    Rf}qcdcrfdcn ai Ki}dfae ai jftqijidekyncdfdcenit `chft in KwcdeDekrff ) Rf}q.QIJKIW 73.6)

    FWQIJ ?.4)KFWDEK 6 ?)

    DEKRIQCAE]IT

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @COY]F =6Cno}itet Niqet ai jft dekrfft qiji`ncdft in K cde.@yinqi8 AfqfKencqe} '=262#.

    02.22)

    72.22)622.22)

    Dfkmce Re}dinqyfj in jet Cno}itet Niqetai jft dekrfft qiji`ncdft in Kwcde

    =22? =227 =223 =262 =266

    FWQIJ !6=*636 !66*9?= !62*303 !62*09= !62*7=3

    KFWDEK !=*410 !=*074 !=*904 !=*9?? !=*4?0

    QIJKIW !0?*?02 !?0*229 !3=*912 !77*6?1 !66=*200

    !2!=2*222

    !12*222!02*222!72*222

    !622*222

    Cno}itet Niqet ai jft dekrfftqiji`ncdft in Kwcde 'in kcjit#

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Fnjctct ai jf dekriqindcf

    Qij`enet ai K cde* T.F.M. ai D.P.* ikr}itf jai} in ij ki}dfaeki cdfne ai qijidekyncdfdcenit ai jnif `chf* it jf dekriqindcf ac}idqfkt `yi}qi ai FWQIJ* T.F.M. ai D.P.

    Jf Tedciafa ai QIJKIW qcini ynf ay}fdcn ai 33 fet f rf}qc} aijkekinqe ai ty dentqcqydcn* vyi edy}}c in 631?. Ij 66 ai kfse ai=262* Fk}cdf Kpcj r}itinq aet e`i}qft rmjcdft rf}f favyc}c} jftfddcenit in dc}dyjfdcn ai Df}te Ojemfj Qijidek s ai QijkiCnqi}nfdcenfj. Ij 60 ai hynce ai =262* Fk}cdf Kpcj* dendjys jffavyctcdcn aij 33.11) ai jft fddcenit in dc}dyjfdcn ai Df}te Ojemfj

    Qijidek* f q}fpt ai ynf e`i}qf rmjcdf ai cnqi}dfkmce ai fddcenit.Df}te Ojemfj Qijidek retii fr}e ckfafkinqi ij 93.1) ai jftfddcenit in dc}dyjfdcn ai QIJKIW. Re} je qfnqe* Fk}cdf Kpcj itr}erciqf}ce cnac}idqe aij 93.6) ai tyt fddcenit in dc}dyjfdcn.

    QIJKIW it yn denojeki}fae dentqcqycae re} Qij`enet ai K cde*

    T.F.M. ai D.P. s ikr}itft tymtcacf}cft* vyi r}epii ti}pcdcet aiqijidekyncdfdcenit in K cde. Ty demi}qy}f ai ti}pcdcet dekr}inai*inq}i eq}ft detft* jf eri}fdcn ai jf }ia kt dekrjiqf ai qiji`enf

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Qfmjf 69 ]fxenit `cnfndci}ft ai FWQIJ* QIJKIW s KFWDEK.=266]fxenit ai Jcvycaix FWQIJ QIJKIW KFWDEK]fxn Dc}dyjfnqi 6.27 pidit 6.26 pidit 4.=6 pidit]fxn R}yimf ai dcae 6.21 pidit 2.3? pidit 4.63 pidit

    ]fxenit ai ]inqfmcjcafaKf}oin ai Yqcjcafa Niqf +67.70) 64.24) +==.97)]eqfdcn Tem}i Fdqcpet ']EF# +3.6?) 3.27) +3.=?)]eqfdcn Tem}i Dfrcqfj ']EI# +49.93) =3.73) +=6.7=)

    ]fxenit ai Frfjfndfkcinqe]fxn ai Inaiyafkcinqe ?1.=4) 03.19) 9?.96)]fxn ai Itqfmcjcafa =77.62) ==?.44) 649.40)]fxn ai Demi}qy}f ai Cnqi}itit 2.11 pidit 7.03 pidit 2.43 pidit

    IMCQAF !4*903*642 !14*967*172 !?3?*092]fqce IMCQAF % Pinqft 4=.30) 47.74) 44.9?)

    @yinqi8 ]ire}qi ai }ityjqfaet ai FWQIJ* QIJDIJ s KFWDEK f acdcikm}i ai=266.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    ]citoet eri}fqcpet

    Qf}c`ft ai Cnqi}deniwcn

    Fnfjctqft ai Keni O}yre @cnfndci}e dekinqfn vyi jf dekrff FWQIJ* T.F.M. ai D.P. qina} vyi rfof} yn kenqe ai KWN =*722kcjjenit fj ne emqini} ij fkrf}e ai yn r}esidqe ai qf}c`ft aicnqi}deni cn* je dyfj ckrfdqf} niofqcpfkinqi f jet jyhet cnfndci}et aijf `c}kf* itqe aitryt ai vyi jf Tyr}ikf De}qi ai Hytqcdcf ai jf Nfdcn'TDHN# aidjf} dentqcqydcenfj jft `fdyjqfait ai jf Dekctcn @iai}fj aiQijidekyncdfdcenit 'De`iqij# rf}f itqfmjidi} qf}c`ft ai cnqi}deni cndyfnae jet eri}fae}it ai }iait `chft s kpcjit ne ryiafn jjiof} f

    fdyi}aet. Ij `fjje }ir}itinqf yn }ipt rf}f FWQIJ* vyi cnqi}ryteaitfdyi}aet ai cnqi}deni cn in denq}f ai Yni`en* Qijdij* Cytfdijj* rf}fij ri}ceae =229+=22?.

    ]citoet `cnfndci}et

    Frfjfndfkcinqe @cnfndci}e

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    QFMJF 60 Itq}ydqy}f @cnfndci}f ai FWQIJ* T.F.M. ai D.P.

    ITQ]YDQY]F @CNFNDCI]F AI FWQIJ* T.F.M. ai D.P.Kcjjenit ai ritet =266 =262 =223Rftcpe f Jf}oe Rjfxe !6=*920*01? !62*602*360 !3*663*740Dfrcqfj Denqfmji !9*?12*610 !?*044*107 !7*=22*344QEQFJ !67*=10*?34 !6?*?31*471 !6?*4=2*?03

    Aiyaf 03) 9?) 94)Dfrcqfj 46) 14) 1?)QEQFJ 622) 622) 622)

    @yinqi8 Rocnf e`cdcfj ai FWQIJ* T.F.M. ai D.P. '=26=#

    @jydqyfdcenit in ij qcre ai Dfkmce

    Jft pf}cfdcenit in ij qcre ai dfkmce KWN%YTA ryiain f`idqf} ijre}qf`ejce ai aiyaf ai FWQIJ* T.F.M. ai D.P. Fj 9 ai kfse ai =26= ijqcre ai dfkmce deqcxf in !64.609= KWN%YTA. Qeaft itqft pf}cfdcenitryiain jjiof} f f`idqf} f jf ikr}itf sf vyi ty aiyaf itq in ajf}it sne in ritet ki cdfnet. Jf }ijfdcn aiyaf+fdqcpe vyi retii jf ikr}itfti ryiai pi} in jf @coy}f =4 s jf @coy}f =1 kyitq}f jf qinaindcf aij qcreai dfkmce KWN%YTA.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @COY]F =1Deqcxfdcn KWN%YTA.@yinqi8 Mjeekmi}o '=26=#.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Cntq}ykinqet ai}cpfaet . Jf @coy}f =9 }ityki jf retcdcn ai jf

    Dekrff in ai}cpfaet fj 46 ai acdcikm}i ai =266.

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    @yinqit ai Jcvycaix

    Afae vyi jet cno}itet ai FWQIJ* T.F.M. ai D.P. ten in ritetki cdfnet* den ij r}ertcqe ai ijckcnf} ij }citoe ftedcfae f qini} cno}itet in ritet s gfdi} rfoet ai cnqi}t in ajf}it* ftedcfaet denjet menet ikcqcaet in YTA* jf dekrff di}} twfrt s @W @e }wf}atrf}f ij rfoe ai cnqi}itit* den jet dyfjit ti dym}in acdget cnqi}itit inritet* den ij `jyhe ai i`idqcpe oini}fae re} ty eri}fdcn.

    Fdqyfjkinqi* jf ikr}itf dyinqf den jnift ai denq}frf}qi rf}f itqi qcreai cntq}ykinqet re} jf dfnqcafa ai YTA !=3 kcjjenit den jft dyfjit tidyinqfn eri}fdcenit denq}fqfaft.

    Dfkmcet in jf iwretcdcn fj }citoe

    Jet }citoet vyi ti qcinin cainqc`cdfaet ten jf mfhf dentcai}fmji in ijqcre ai dfkmce rf}f qeaet jet cntq}ykinqet denq}fqfaet. Dfmikindcenf} vyi aimcae f jf air}idcfdcn aij qcre ai dfkmce* ay}fnqi indyf}qe q}ckitq}i aij =266* FWQIJ* T.F.M. ai D.P. tejcdcq jf aipejydcn

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    eri}fae}it ai }iait `chft s kpcjit ne ryiafn jjiof} f fdyi}aet. In

    dyfnqe f acdge ftynqe* ti dekinq vyi jf dekrff FWQIJ* T.F.M. aiD.P. qina} vyi rfof} yn kenqe ai KWN !=* 722 kcjjenit in ij fede}}cinqi.

    ]ioyjfdcn fkmcinqfj

    Jft }ioyjfdcenit fkmcinqfjit in K cde ti gfn pctqe in fykinqeay}fnqi jet jqcket fet s ti itri}f vyi jf qinaindcf denqcni* icndjyte ti fdiji}i aimcae f jet fdyi}aet cnqi}nfdcenfjit vyi gfaitf}}ejjfae ij rft. Deke dentidyindcf* in ij =266 FWQIJ* T.F.M. aiD.P. ti fagc}c fj Rfdqe Kynacfj ai jft Nfdcenit Yncaft* den je dyfjftyki ij dekr}ekcte ai faerqf} r}cndcrcet in kfqi}cf ai

    }itrentfmcjcafa tedcfj.

    Jcai}fxoe in ij ki}dfae

    FWQIJ* T.F.M. ai D.P. gf jeo}fae retcdcenf}ti deke jf tioynaf

    dekrff kt o}fnai ai ti}pcdcet cnqio}faet ai qiji`enf `chf inK cde* ft deke ti gf denpi}qcae in yne ai jet r}cndcrfjit eri}fae}it

    } } f f } f f }fd f f ` d f

    QITCT AICNPI]TCN

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Dfjcafa

    FWQIJ* T.F.M. ai D.P. denqcnyfkinqi faerqf r}dqcdft vyi mini`cdcfn fjf tedciafa. Inq}i tyt r}cndcrfjit r}eo}fkft ti indyinq}fn8 @ynafdcn

    FWQIJ< ij dyfj ckryjtf ij aitf}}ejje ai K cde kiacfnqi fjcfnxftcntqcqydcenfjit in kihe}f ai jf dfjcafa ai pcaf* s ij Dekcq ai Kiace

    Fkmcinqi< aenai ty emhiqcpe r}cndcrfj it actkcnyc} ij ckrfdqe fkmcinqfj

    ai jft eri}fdcenit ai FWQIJ* aitf}}ejjfnae ynf dendcindcf idejocdfinq}i dejfme}fae}it. Jf dekrff gf }idcmcae ij }idenedckcinqe re} rf}qi aij DIKI@C deke Ikr}itf Tedcfjkinqi ]itrentfmji re} dcndefet dentidyqcpet aitai =227.

    ]ITYKIN AI CNPI]TCN

    Jf kiqeaejeof yqcjcxfaf rf}f pfjyf} f FWQIJ* T.F.M. ai D.P. ti mftin ij @jyhe Jcm}i ai Dfhf Aitdenqfae. Acdgf r}esiddcn ti }ifjcx rf}fjet fet =26= f =260.

    Ij Detqe R}ekiace ai Dfrcqfj Renai}fae rf}f ij ri}ceae =26= f =260`yi ai 69.97)* ij dyfj ti dekreni ai yn detqe ai dfrcqfj ai 61.49) s

    d f ) f } df f

    ]ITYKIN AICNPI]TCN

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

    Jet oftqet ai fakcnctq}fdcn s pinqf }ir}itinqfn in r}ekiace ij

    ?2.66) ai jet cno}itet.

    Ij r}idce emhiqcpe rf}f ij fe =26= tion jf r}esiddcn it ai KWN 6.99*}ir}itinqfnae yn ac`i}indcfj ai +09.23)* dekrf}fae den ij r}idceitqckfae ai dci}}i ai =266 ai KWN 1.11. Ti e`}idi ynf }idekinafdcnai cnpi}tcn ai Mfnfki .

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=

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    FWQIJ* T.F.M. ai D.P. My}lin}efa ]ire}qt Kfse =26=