中国CHINA LATINO edición Mayo

!"#$"%&!'#(!#(%'!"#$%&'()%*(+

)%*+',-,./%,(%--(&.(-%*/0(*(

-0+'1&12-10%2(&$(-%"-320/(

*%"0(#3#4!""!5%1%+/045(*)"&-(&#%)0/0*(&

1-(!+!66-&+%/5%2"&)%-&7802"

(17!'*12-'90#%-"*:

1+1-!'%'1,;9(*:9(3

&1-!.%-/%

!.$'!*%'1,*<=--&,(/>0*:

&0"+0'%?=(*:@9"=&A$%5(&B"=+%

(!$,'+!6+$(C(&D&%-&:"-&)%&'(5)%*"+(

.8(1&,#!-#&%*%E,(+(*)"&2=&/=%--"&$"5&=*&

#%*+(F%&)%&2%82"G

$"%-!%(,'?=(*:@9"=

)0/%?=(*:@9"=

+'!-!*#3#40*!*?=(*:@9"=&H&B"*:&I"*:

!.4%9%(%*

(1&&1,-%'1,6+$(C"-&H&'90*"&H&J*:-7+

.!)',#)0/%?=(*:@9"=

#:;#

:<

:=

;;

;>

?@

?<

?=

@A

@;

@<

BA#

B:

B@

BC

<:

<@

#<C

%&+0%"1(%(K&-(&#=F%5#<

:@

;@

@@

.D*1&%1%+)%&6+$(C(&$(5(&'90*(

+!-(!-&1%*

$!'*,-%9!*'(5#%*&?=@#L*

2")"+&*=%+25"+&-%/2"5%+M&-%+&)(#"+&-(+&:5(/0(+&$"5&+=&

($"D"M&D&%*&(5(+&)%&#%F"5(5&2%*%#"+&$(5(&=+2%)%+M&

-(&$50#%5(&%)0/0N*&)%&-(&+(:(&#=-20/=-2=5(-&)"*)%&2")"&*=%+H

25"&:5=$"&9(5L&-"&O=%&2%*:(&%*&+=+&#(*"+&$(5(&)%+(55"--(5&

-"&#%F"5&)%&/()(&$(3+P&Q=+/(#"+&#"+25(5& -(&)0R%5+0)()&)%&

-(&/"#=*0)()&-(20*(&D&+=&)%+(55"--"&%*&/"*20*%*2%+&/"#"&%-&

(+0L20/"P

,(5(&S(D"M&#%+&)%&-(+&#()5%+&O=%&#%F"5&O=%&%#$%@(5&/"*&

-(&#()5%&$(250(M&6+$(C(&$(3+&--%*"&)%&/"-"5&%&90+2"50(M&&/()(&

@7<1M<�1C3<B/�C<� A7<�U<�23�/<J12=B/A�G� A3�23A/@@=::M�C<=�)%&-"+&$(+"+&#L+&0#$"52(*2%+&)%&-(&9=#(*0)()M&%-&)%+/=T50H

#0%*2"&)%&=*(&*=%R(&U0%55(M&K#750/(P

K+3& O=%& -%+& 25(%#"+V& +=& %+20-"M& +=&#W+0/(M& +=& /"#0)(& $%5"&

(*2%&2")"&+=&4=%5@(M&%+2(&20%55(&/"*4"5#()(&$"5&9"#T5%+&D&

#=F%5%+&)"2()"+&/"*&)"*%+&D&2(-%*2"+&*"+&)%F(5(*&R%5&/N#"&

+%&$=%)%&9(/%5&$(250(&(-&"25"&-()"&)%-&#=*)"M&)"*)%&-(&/"H

#=*0/(/0N*M& & -(& +"/0(-0@(/0N*& D& %-& (/"$-(#0%*2"M& %+&#=/9"&

#L+&(:5%+2%&O=%&%*&"//0)%*2%M&$%5"&+0*&%#T(5:"&$%5+%R%5(*&

$"5&)(5&-"&#%F"5&)%&+3&#0+#"+P

6+$%5(#"+&O=%&%+2(+&%)0/0"*%+&+%(*&)%-&(:5()"&)%&2")"+M&

G/�?C3�A3@I<�6316/A�1=<�3:�U<�?C3�1/2/�:31B=@�A73<B/��67</�X(20*"&Y~ąX(20*"Z&/"#"&+=D"M&D&$=%)(&()#05(5&(-&"25"&-()"&

23:�;C<2=�:=�?C3�3A�3:�A75<7U1/2=�23�:/�>/:/0@/�$�(&��

!

[

!"#$%&'()*$+&

!"#$%&'()"1J!6'UA!&6\6']UJ.A

'50+20(*&!%0*"+"

'AX]S^J;UK;

'"*/9(&?(5/0(

K*)5%+&?(550)"

_()08(&.%5(

\6<6&16&JSK?6^

.(-%50(&!%0*"+"

K1SJ^J;U!K1A!&<J^K^'J6!A

S%5D&Q(55%5(

1J;6À

\=(*&X(R%5)%

K*)5%(&&K/"+2(

1J!6'UA!&16&.6ÛK;

_(*/9"&_(*/9%R

<AUA?!K<JK

\(R0%5&S0O=%-%0@&

\=(*&X(R%5)%

K;JU6Û6;&16&<AUA?!K<JK

B02"#0&I"&&YJU!&;$(/%Z

10#(&X0R)20*"R&YJU!&;$(/%Z

SA16XA;

K-%*(&JX'9=>

A>+(*(&!%>=-0(>

.(-%50(&S=50--"

;(=-&&S05(

SKa]JXXK\6&_&,6X]a]6!JK

b%0&S%0&;2=)0"

'AXKQA!K1A!6;

;(*)D&S=50--"

'0*29D(&.(+O=%@

'(#0-"&'5(*%

K-0/0(&X%

\"+%$90*(&B0*)+c

'"*2(/2"V

,9"*%

d[dHefdghhgd

6H#(0-

/90*(P-(20*"P5%R0+2(i:#(0-P/"#

.%*2(+

/90*(P-(20*"P+(-%+i:#(0-P/"#

jjjP/90*(-(20*"P/"#

!"#$"%&'()"*"%$+)(,"-.,/$0$,"(0"1-.0$2

,-' .-)/' 0123"&4' -1&5' 61%&%' .4$4'

4/7%61849' :%2"##4--"#' 3#4;%.642' :%'

1$3".64' 24.1"-' ;' .4$)&16"#14' <)%'

�!(!5�$!(� &�� &$ � � !� /$ �� !� &��34/-".14&' .=1&"' ;' :%' -42' %>3"6#1"?

:42' <)%' #%21:%&' %&' -"' .1):":' :%'

()"&@*=4)9!=1&"A' B42' 81214&"$42'

3"#"' C4#6"-%.%#' -42' &%>42' %&6#%' -"'

.4$)&1:":'=123"&4'="/-"&6%';'!=1?

&"A'D%#81#':%'"34;4';'''.4&6#1/)1#':%'

$"&%#"'$+2' 3#4E)&:"' ' "' -"2' 1&1.1"?

618"2':%'."#1:":':%2"##4--":"2'%&'%-'

3"F2' "34#6"&:4' )&' %&E4<)%' G=123"?

&4HA

I"#"' %26"' %:1.1J&' <)%#%$42' =".%#'

)&'#%.4&4.1$1%&64';'=4$%&"7%'"'-"2'

$)7%#%2';'$":#%29'.4$4'21$/4-4':%'

"3%#6)#"':%'&)%26#4'.-)/''

k

A LA MUJER*(& #=F%5& $=%)%& -":5(5& O=%&

=*(&2(5)%&+%(&5"#L*20/(M&0*H

"-R0)(T-%P& &X(+&#=F%5%+&R0%H

*%*& %*& 2")"+& -"+& 2(#(C"+M&

/"-"5%+&D&4"5#(+P&&.0R%*&%*&

/(+(+M&($(52(#%*2"+&D&/(T(C(+P& &6--(+&

#(*%F(*M& R=%-(*M& /(#0*(*M& /"55%*& "&

=+(*&%-&%H#(0-&$(5(&)%#"+25(52%&/=L*2"&

+%&$5%"/=$(*&$"5&R"+P& &6-&/"5(@N*&)%&

=*(&#=F%5&%+&-"&O=%&9(/%&:05(5&(-&#=*H

)"l& & X(+&#=F%5%+&9(/%*&#L+&O=%& +"-"&

)(5&-(&R0)(P&&6--(+&25(%*&(-%:53(&D&%+$%H

5(*@(P& & '"#$(52%*& 0)%(-%+& D& 5%$(52%*&

/"#$(+0N*P&&1(*&($"D"&#"5(-&(&+=&4(H

#0-0(&D&(#0:"+P&&U")"&-"&O=%&%--(+&O=0%H

5%*&%+&=*&(T5(@"M&&=*(&+"*50+(&$(5(&O=%&

R"+&$=%)(+&9(/%5& -"&#0+#"&/"*&"25(+&

$%5+"*(+P& & X(+&#=F%5%+& 20%*%*&#=/9"&

O=%&)%/05&D&#=/9"&$(5(&)(5P&&X(&T%--%@(&

)%&=*(&#=F%5&*"&%+2L&%*&-(&5"$(&O=%&--%H

D3��:/�U5C@/�?C3�B3<5/��=�:/�;/<3@/�3<�O=%&+%&$%0*%P&&X(&T%--%@(&)%&=*(&#=F%5&

)%T%&R%5+%&%*&+=+&"F"+M&&$"5O=%&%+(&%+&

-(&$=%52(&(&+=&/"5(@N*M&&%-&-=:(5&)"*)%&

%-&(#"5&5%+0)%P&&X(&T%--%@(&)%&=*(&#=F%5&

*"&%+2L&%*&=*&-=*(5&4(/0(-M&&-(&R%5)()%H

@/�03::3H/�23�C</�;C83@�A3�@3V38/�3<�AC�(-#(M&%+&%-&/=0)()"&O=%&%--(&(#"5"+(H

#%*2%&)(M&&-(&$(+0N*&O=%&%--(&#=%+25(P&&

!"#$%&&%'"#(%#)*"#+),%-#./*#%&#0"1"-#(%#&/1#"2/1#.-%.%34"*5*6+/7

�=<�3:�U<�23�?C3�>=2/;=A�@3V3F7=</@�D&%*2%*)%5&=*&$"/"&-(&)0*L#0/(&)%&R0)(&

O=%& --%R(*& -(+&#=F%5%+&O=%&9(*& +(-0)"&

)%& +=& $(3+& $"5& )04%5%*2%+& /05/=*+2(*H

/0(+M& 9%#"+& $5%$(5()"& =*(+& 90+2"50(+&

T(+()(+&%*&9%/9"+&5%(-%+P&1%&e&#=F%H

5%+& %*& /"*)0/0"*%+& )0+20*2(+V& )%& $(3+M&

32/2�G�=U17=�?C3�@3A723<�3<�:/�17C2/2�)%&?=(*:@9"=&%*&/90*(P

!"#$ %&'()*$ *+$ $ ,)#-.!& D& 2%*:"& & [h&(C"+P&;"D&+"-2%5(P&6-&S"20R"&)%&--%:()(&

(&%+2%&$(3+& 4=%&$"5O=%& 5%(-0@(T(&=*(+&

$5L/20/(+& %#$5%+(50(-%+P& X-%R"& =*& (C"&

($5"80#()(#%*2%M&(=*O=%&&0*0/0(-#%*H

2%&R%*0(&$"5&h&#%+%+P&S0&%8$%50%*/0(&%+&

%*50O=%/%)"5(&(&*0R%-&$%5+"*(-P&6*&%+2%&

$(3+&/5%/%+&D&+"T5%R0R%+&(&#(5/9(+&4"5H

@()(+M& D& %-& )3(& (&)3(& %+&=*(&(R%*2=5(P

6*& /=(*2"& (& -(& +%$(5(/0N*&)%&#0+& +%H

5%+&O=%50)"+M&)%T"&)%/05&O=%&%+&-"&#L+&

)=5"&)%+)%& -=%:"M&(=*O=%&/"*& -(+&*=%R(+& 2%/*"-":3(+&+%&9(/%&=*&$"/"&#L+&

4L/0-P&&'"#"&$=*2"&$"+020R"&($5%*)%+&(&R(-"5(5&-"&O=%&20%*%+&D&-"&O=%&)%F(+M&D&

%+&%+2(*)"&-%F"+&/=(*)"&2%&)(+&/=%*2(&)%&O=07*%+&+"*&2=+&(#0:"+&)%&R%5)()P&

6*&5%-(/0N*&/"*&-"+&R(-"5%+&)%T%*&+%5&4=%52%+&$(5(&R0R05&%*&%-&%82%50"5M&/5%"&O=%&

%-&$50#%5"&%+&%-& 5%+$%2"P&;(T%5&()($2(5+%&(&)"*)%&=*"& --%:(M& +0*&$%5)%5& +=+&

/"+2=#T5%+&$%5"&0*2%*2(*)"&5%+$%2(5&+0+2%#(+&/=-2=5(-%+&"&*"5#(+&D(&%+2(T-%H

/0)(+P&

A25"&R(-"5&0#$"52(*2%&%+&-(&/"*+2(*/0(&D&-(&2%#$-(*@(M&O=%&(D=)(*&+"T5%&2")"&

(-&$50*/0$0"&D&%*&%+"+&#"#%*2"+&)%&*"+2(-:0(P

;"T5%&-(+&9(T0-0)()%+&O=%&+%&)%T%*&2%*%5&$(5(&+"-=/0"*(5&$5"T-%#(+M&-(&#L+&0#H

$"52(*2%&%+&-(&:%+20N*M&+%:=0)(&)%&-(&()($2(T0-0)()M&-(&4(/0-0)()&$(5(&-"+&0)0"#(+&

D&%-&O=%5%5&5%-(/0"*(5+%&/"*&-"+&)%#L+P&

]*(&)%&-(+&R%*2(F(+&)%&-(&:-"T(-0@(/0N*&%+&O=%&(--L&)"*)%&R(D(+M&+0%#$5%&9(T5L&

(-:=0%*&%*&-(&#0+#(&+02=(/0N*&O=%&2=P&K=*O=%&%+2(&%8$%50%*/0(&2%&(D=)(&(&%*H

/"*25(52%&(&20&#0+#"M&+"-"M&%+&T=%*"&%+2(5&+0%#$5%&(/20R"M&/"*"/%5&:%*2%&O=%&

2%&($"52%&)04%5%*2%+&/"+(+&D&2%*%5&-(&(:%*)(&--%*(P&S0&$5"D%/2"&)%&R0)(&9"D&%+&

-=/9(5& )3(& (& )3(M& $5"$"*07*)"+%&#%2(+& $%5+"*(-%+& (+3& /"#"&$%*+(5& +0%#$5%&

O=%&2")"&%+4=%5@"&20%*%&+=+&45=2"+&D&%-&%+2(5&4=%5(&($"52(&=*(&50O=%@(&-(T"5(-&D&

$%5+"*(-&#=D&:5(*)%P

]

h

-(&&R0)(V&2%*%5&=*(&720/(&4=%52%M&)(5&-"&#%F"5&)%&#3&%*&/=(-H

O=0%5& $5"D%/2"M& 2%*0%*)"& /-(5"& -(+&#%2(+& O=%&#%& $5"$"*H

:"M&2"#(*)"&50%+:"+&/(-/=-()"+&D&(/%$2(5&D&($5%*)%5&)%&-"+&

%55"5%+M&+%5&+"-0)(50"M& 2%*%5&/"#$(+0N*M& &D&)(52%&/=%*2(&)%-&

$"2%*/0(-& 0*#%*+"& )%& %+2%& $(3+P& ,"5& W-20#"M& +"-"&#%& 5%+2(&

2317@�?C3�A73;>@3�6/G�C</�:CH�/:�U<�23:�BN<3:��G�3AB/;=A�/?CK�*"+"25"+&$(5(&(D=)(5M&/"#$(5205M&/5%/%5&/"#"& -(20*"+&D&%*&

:%*%5(-&+%5%+&9=#(*"+P

/"#$%&'()*$*+$0.1.!&D&2%*:"&cf&(C"+P&;"D&)0R"5/0()(&/"*&e&90F"+&B"#T5%+P&6-&#"20R"&)%&#0&--%:()(&4=%&+=$%5(5&%-&)0H

R"5/0"&D&%*/"*25(5&*=%R(+&"$"52=*0)()%+&$(5(&9(/%5&*=%R"+&

*%:"/0"+P&J*0/0(-#%*2%&R%*0(&$"5&k&#%+%+&D&9"D&--%R"&(O=3&cd&

#%+%+P&S0&%8$%50%*/0(&%*&%+2%&$(3+&9(&+0)"&-(&#%F"5P&6+2%&%+&

=*&$(3+&)%&"$"52=*0)()%+M&20%*%&/(-0)()&)%&R0)(M&+%:=50)()M&

%+&/"5)0(-&/"*&*"+"25"+&D&+%&$=%)%*&5%(-0@(5&$5"D%/2"+&*=%H

R"+P

6*&/=(*2"&(&-(&+%$(5(/0N*&)%&-"+&+%5%+&O=%50)"+&)%T"&)%/05&

O=%&%+&(-:"&)043/0-P&K-&/"#0%*@"&%+&T(+2(*2%&)=5"&%-&/(#T0"P&

1%+$=7+&#%&)0& /=%*2(&O=%&)%F%&)%& R0R05& %-& 5"-& 4(#0-0(5& (=H

2"0#$=%+2"&O=%&2%*0(M&1%F%&2")"+&-"+&/35/=-"+&D&$(25"*%+&O=%&

/5%3(&%5(*&-"+&#3"+P&KO=3&%-&/9"O=%&%#"/0"*(-&#%&--%R"&(&R%5&

/"#"&=*(&"$"52=*0)()&$(5(&%*/"*25(5#%&/"*#0:"&#0+#(&D&

R0R05&+"-"&%*&4=*/0N*&#3(&D&)%&#0&/5%/0#0%*2"&$%5+"*(-&D&%+$0H

502=(-P&X(&4(#0-0(&/%5/(&*"+&$=%)%&-0#02(5&+0*&O=%&-"&$")(#"+&

723<B7U1/@��*7D7;=A�:/�D72/�23�=B@=A�G�<=A=B@=A�3AB/;=A�3<�%+2%&#=*)"&$(5(&+%5&4%-0/%+&D&R0R05&*=%+25(&$5"$0(&R0)(P&

/"#$%&'()*$*+$2&34!$2%*:"&m[&(C"+P&;"D&+%$(5()(&D&2%*:"&e&90F(+P&.0*%&(&

%+2(&$(3+&(&/"*20*=(5&%-&*%:"/0"&D(&

%80+2%*2%&%*&B"*:&I"*:M&/"*&-(&0)%(&

)%& (=#%*2(5& -(& /"#$%2%*/0(P& .0R"&

(O=3&9(/%&e&(C"+&D&#%)0"P&

4!"#+8"#9"#16(/#)*"#%:.6;"*<;%#%:0%-6%*.6"#"&#=%-# &/#+)<.9/#>)%#1%#0)%(%#-%"&6'"-#%*#%1;%#0"817

B(D&#=/9(+&R%*2(*(+&)%&"$"52=*0H

)()%+P& 6+2(#"+& (T50%*)"& /(#0*"+&

$(5(&%-& 4=2=5"&#=/9(+&"25(+&$%5+"H

*(+P& 6*& /=(*2"& (& -(& +%$(5(/0N*& )%&

#0+& +%5%+& O=%50)"+M& 2%*:"& O=%& )%H

/05&O=%&9(&+0)"&)043/0-M&&$%5"&#0&"$20H

#0+#"&#%&)(&-(&/($(/0)()&)%&R%5-"&

/"#"&=*(&(#$-0(/0N*&)%& -=:(5M&$"5&

%F%#$-"& 9"D& +0%*2"& O=%& +"D& /0=)(H

)(*"&)%-&#=*)"M&D&O=%&$=%)"&$-(H

*%(5&#0& R0)(& $(5(& %+2(5& /"*&#0& 4(H

#0-0(& %*& "/(+0"*%+& 0#$"52(*2%+P& K-&

#0+#"& 20%#$"&#0& 4(#0-0(& 9(& 2%*0)"&

-(& "$"52=*0)()& )%& R%*05& D& /"*"/%5&

%+2%&$(3+&2(*&0*2%5%+(*2%P

,"5&%+2(&#0+#(&5(@N*M&%*&/=(-O=0%5&

$-(*"&)%-&#=*)"&$(5(&#3&+0%#$5%&#0&

4(#0-0(&%+&$50#%5"M&%-&25(T(F"&+%:=*H

)"M&D&)%+$=7+& 2")"& -"&)%#L+P& &1%& 4"5#(&O=%& -"+&R(-"5%+&

4=*)(#%*2(-%+&$(5(&#3&+"*&-(&9"*%+20)()M&-(&5%+$"*+(T0-0H

)()M&%-&5%+$%2"&(-&$5NF0#"M&D&2%*%5&$(-(T5(&(#(T-%+&O=%&)%H

17@��A=<�1C/:72/23A�?C3�A73;>@3�B@/B=�23�>@/1B71/@��:�U<�23:�)3(&2")"+&+"#"+&0:=(-%+&D&:%*%5(-#%*2%&2")"+&T=+/(#"+&

-"&#0+#"V&+%5&4%-0/%+&D&R0R05&-"&#%F"5&$"+0T-%P

�<�:=�?C3�B73<3�?C3�D3@�1=<�:/A�<313A72/23A�?C3�723<B7U1=��-(& /"#=*0/(/0N*& %+& +0*& )=)(& %+%*/0(-& -(&#L+& 0#$"52(*2%M&

$(5(&$")%5&(T505+%&/(#0*"&/"#"&%825(*F%5"P&,"5&%+2(&5(@N*&

#%&0*R"-=/5%&/"*&:5=$"+&)%&%825(*F%5"+M&$(5(&$")%5&+(T%5&

O=7&9(/%5&%*&/=(-O=0%5&%#%5:%*/0(P&K=*O=%&9%&R0(F()"&$"5&

2")"&%-&#=*)"M&%+2%&$(3+&$=%)%&+%5&#=D&0*20#0)(*2%M&$"5&-(&

T(55%5(&)%&-(&-%*:=(M&/"+2=#T5%+&D&#")"&)%&R0)(P&

,(5(&+"-=/0"*(5&$5"T-%#(+&O=%&&+%&#%&9(*&$5%+%*2()"M&9%&

T=+/()"&/"*"/%5&:%*2%&/"*&%8$%50%*/0(&O=%&#%&9(*&)()"&

+=&R(-0"+(&+(T0)=53(M&9%&9%/9"&(-0(*@(+&)%&25(T(F"M&)%&/"H

#=*0)()M&)%&(#0+2()M&2")"&%+2"&#%&9(&(D=)()"&(&+=$%5(5H

#%&D&(&%*45%*2(5&-"+&$5"T-%#(+P&

S0&#(*%5(&)%&%*45%*2(5& -(& +"-%)()&%*&%-& %82%50"5&9(& +0)"&

0CA1/@� A3@� ?C3@72=�� AB=� A75<7U1/� ?C3@3@� /� /:5C73<� G� A3@�O=%50)"&$"5&(-:=0%*M&$=%+&(-&+%5&O=%50)"&=*"&$=%)%&+%*205H

+%&$-%*"&D&+%:=5"P&,%5"&$(5(&--%:(5&(&%+%&%+2()"&)%T%#"+&

+(T%5&/N#"&R0R05&/"*&=*"&#0+#"M&%+2"&%+&R0R05&+"-"&/"*&+=&

+"-%)()P&6+&4L/0-&)%/05&%+2"M&$%5"&#=D&)043/0-&(-/(*@(5-"P&_"&

25(2"&)%&9(/%5&)%&-(&+"-%)()&#0&(#0:(&2")"+&-"+&)3(+M&(=*H

O=%&+%(&&$"5&=*&5(202"P&,(5(&-":5(5&-"&O=%&#%&9(&$5"$=%+2"&

(O=3&$5(/20/"&/=(-0)()%+&O=%&9%&($5%*)0)"&%*&%-&/=5+"&)%&

f

GK%2:%'$1'3%#23%.618"9'-42'8"-4#%2'<)%':%?

/%&'2%#'E)%#6%2'3"#"'8181#'%&'%-'%>6%#14#'24&'

&��.-!(-$�$ � �� &�� $,�$*&$(�� &��!5�$!(�$��&��!5��$��!&�-+��%)� .+)��!&��')+�*+)*$)��%-'#%23%64A

U(#T07*&(D=)(&#=/9"&2%*%5&#%2(+&(&/"52"M&#%)0(*"&D&-(5:"&

$-(@"P&6*& 5%(-0)()& -"+&R(-"5%+&+"*& -"+&#0+#"+&%*&/=(-O=0%5&

$(52%M&-(&)04%5%*/0(&%+&/"#"&+%&($-0/(*&D&($5"R%/9(*P&

/A� <313A72/23A� ?C3� G=� 723<B7U1=� 1=;=�;IA� 7;>=@B/<B3A�

+"*&-(&)%&/"#=*0/(5+%M&-(&)%&2%*%5&(&O=0%*&(/=)05&$(5(&$5%H

:=*2(5&(-:=*(&*%/%+0)()&TL+0/(M&-(&)%&/"#=*0/(5+%&$(5(&O=%&

*"+&)%*&=*&+%5R0/0"&#7)0/"&%+$%/0(-0@()"M&-(&)%&%*2%*)%5&O=%&

%+2(&%+&=*(&/=-2=5(&#0-%*(50(&(&-(&/=(-&*"&$")%#"+&/(#T0(5M&

$%5"&+0&(:5()%/%5&O=%&*"+&(T5%&+=+&$=%52(+&D&*"+&)(&-(&"$"5H

2=*0)()&)%&9(/%5&5%(-0)()&*=%+25(+&#%2(+P&6*&/=(*2"&(-&)%+(H

55"--"&)%&9(T0-0)()%+&$(5(&+"-=/0"*(5&$5"T-%#(+&)%T"&)%/05&

O=%&%+&#=D&0#$"52(*2%&($5%*)%5M&/5%(5&(-0(*@(+M&/"*+%:=05&

25(T(F"+&*=%R"+M&2%*%5&$5")=/2"+&D&+%5R0/0"+&O=%&"45%/%5P&K&

#3&#%&:=+2(&-(&-%/2=5(M&-"+&(=)0"+&D&2%#(+&)%&(=2"&(D=)(n&(+3&

/"#"& -"+&2%#(+&)%&+=$%5(/0N*M&%8/%-%*/0(&$%5+"*(-&D&(=2"&

#"20R(/0N*P&6*&%+2"&#%&($"D"&$(5(&+"-=/0"*(5&$5"T-%#(+&"&

+02=(/0"*%+&)%&R0)(P

<5%*2%& (& -(& +"-%)()& $0%*+"& O=%& %+& %-& %+2()"& 0)%(-& (-& O=%&

)%T%#"+&--%:(5P&'=(*)"&%+2(#"+&4%-0/%+&+"-"+M&($5%*)%#"+&

(&)0+45=2(5&*=%+25(&+"-%)()&D&--%:(#"+&(&%825(C(5-(M&/=(*)"&

*"&-(&2%*%#"+P&&K$5%*)%#"+&-"&R(-0"+(&O=%&%+M&+"T5%&2")"&

/=(*)"& %+2(+& 4%-0@& +"-"& %+& $"5O=%& 2%& R(-"5(+& D& O=0%5%+& -"&

ACU173<B3�>/@/�<=�<313A7B/@�?C3�=B@/�>3@A=</�B3�6/5/�43:7H��,(5(&-":5(5&-"&O=%&O=0%5"M&-"&O=%&2%*:"&/"#"&$5"D%/2"&)%&

R0)(M& ($-0/"& -(+& 9(T0-0)()%+& D& /=(-0)()%+& -3)%5%+&$(5(&$5"H

D%/2"+P& 1"D& (#"5& D& ($"D"& (& -"+& )%#L+& +%5%+& 9=#(*"+M&

(:5()%@/"&(&10"+&-(&"$"52=*0)()&O=%&*"+&)(&)%&($5%*)%5&D&

)%&R0R05&%*&%+2%&$(3+&O=%&%+&-(&4LT50/(&$(5(&%-&#=*)"P

"#*+,+#,-#./-00-M6+2(+&90+2"50(+&*"+&#=%+25(*&O=%&9(D&#=/9(+&$%5+"*(+&%*&

-(&/"*)0/0N*&)%&+%5&%825(*F%5"+M&O=%&*%/%+02(#"+&($"D(5*"+&

D&/5%(5&5%)%+&O=%&*"+&$%5#02(*&+=$%5(5&-(&+"-%)()M&%-&(0+-(H

;73<B=�G�:/A�27U1C:B/23A�/�:/A�?C3�<=A�D3;=A�3<4@3</2=A��6+2(&%+&-(&"$"52=*0)()&O=%&9"D&2%*%#"+&D&-(+&0*R02(#"+&(&

2")(+&(&/"*4"5#(5&%+2%&:5=$"P

LLLA=123"&4-1&5A4#@

o

(*& <5(*/0+/"& )%& K+3+V& p!%H

/=%5)(& O=%& /=(*)"& (T(*)"H

*%+&%+2(&20%55(M&*"&$")5L+&--%H

R(5&/"*20:"&*()(&)%&-"&O=%&9(+&5%/0T0)"M&

+"-(#%*2%&-"&O=%&9(+&)()"V&=*&/"5(@N*&

%*50O=%/0)"&$"5& %-& +%5R0/0"& 9"*%+2"M& %-&

/;=@��3:�A/1@7U17=�G�3:�D/:=@�T&'90*(M&E/=(*2(+&$%5+"*(+&)%+%(53(*&2%H

*%5&-(&"$"52=*0)()&)%&%+2(5&(-&"25"&-()"&

)%-&+"-GM&D&(&R%/%+&*=%+25"+&)3(+&$(5%/%*&

%+2(5& )%*25"& )%& -(&#"*"2"*3(M& "& O=0@L&

-(&)0+2(*/0(&)%&*=%+25"+&+%5%+&O=%50)"+M&

9"D&2%*%#"+&=*(&*=%R(&"$"52=*0)()&)%&

)(5-%&/"-"5&D&(-%:53(&(&*=%+25"&)3(M&+0#H

$-%#%*2%&/"*&%-&9%/9"&)%&)0+45=2(5&)%&

/()(& /"+(M& %-& %+2(5& /"*& +=& 4(#0-0(M& +=+&

(#0:"+M&%-&2%*%5&R0)(M&+(-=)M&25(T(F"M&$"H

)%5& R%5M& %+/=/9(5M& 9(T-(5M& +%*205M& 2")(+&

%+2(+&/"+(+&-(+&5%/0T0#"+&$"5&:5(/0(M&+0*&

$%)05-(+&"&T=+/(5-(+&%+2L*&/"*&*"+"25"+P

K+3& *"+& +%*20#"+& (-& 5%/0T05M& O=0@L& /"*&

(-%:53(M&"&(&R%/%+&*"+&(/"+2=#T5(#"+&

(&-(+&T=%*(+&)()0R(+qP&&a=%&$(5(&*"+"H

25"+&*"&20%*%*&=*&R(-"5&(:5%:()"M&+"-"&

9(/%*&$(52%&)%-&)3(&(&)3(P&&;0*&%#T(5:"&

9(D&$%5+"*(+&O=%&*"&20%*%*&-(+&#0+#(+&

"$"52=*0)()%+M& $50R0-%:0"+M& "& /"+(+& D&

O=%&/=(*)"&5%/0T%*&(-:"&#3*0#"&)%&-"&

O=%&9(/%&$(52%&)%&*=%+25(&*"5#(-0)()&

+0%*2%*&=*(&:5(*&(-%:53(P&&

&E]+2%)&9(&+%*20)"&(-:=*(&R%@&:5(*&+(H

20+4(//0N*&&(-&)(5&(-:"G&&;%&9(&)%-%02()"&

5%(-#%*2%&(-&R%5& -(& +"*50+(&)%&=*&*0C"M&&

(-&5%/0T05&-"&O=%&2(*2"&)%+%"M&"&9(&R0+2"&

-(&(-%:53(&)%&=*&(*/0(*"&/=(*)"&=+2%)&

-%&)%)0/(&20%#$"M&-"&%+/=/9(&"&+%&0*2%H

5%+(&%*&+=+&(*7/)"2(+M&&%*&(-:=*(&"$"5H

2=*0)()&9(&0*R02()"&(&/%*(5&(&(-:=0%*&(&

O=0%*&*()0%&0*R02(53(G&&,"5&+=&5(@N*&+"H

/0(-M&R%+20#%*2(M&25(T(F"&"&($(50%*/0(GP

La Satisfacción de dar

I4#

M%#;'N"##%#"';'

O":1>"'P%#"

0";'434#6)&1:":%2'<)%'24-4'2%'3#%?

2%&6"&')&"'8%*9';'%2'3"#"')26%:9'&4'

:%2"3#48%.=%'-"'434#6)&1:":':%':"#'

=4&%26"$%&6%9&

;

g[

EB(&$%5/0T0)"&-(&*%/%+0)()&)%&=*(&$%5H

+"*(&/%5/(*(&(&=+2%)&O=%&-%&+05R%&2")"&

%-&20%#$"G&&

^"& +%& $0%5)(& -(& +(20+4(//0N*& )%& 1K!M&

5%(-#%*2%& +=$%5(& +=+& %8$%/2(20R(+& D&

(-%:5(5(&+=&)3(P

&'=(*)"&+=&(2%*/0N*&%+&)()(&(&$%5+"H

*(+&O=%&%*&*()(&$=%)%*&/"#$%*+(5&"&

5%/"*"/%5&-"&O=%&=+2%)&9(/%&$"5&%--"+M&

+0#$-%#%*2%&/"*&+=&:5(202=)M&(-%:53(&D&

+"*50+(M&=+2%)&5%/0T%&%-&#%F"5&$(:"&O=%&

$=)"&0#(:0*(5P

X"+& R%5T"+& (#(5M& +%5R05M& (D=)(5M& )(5M&&

-%& --%R(*&/()(&)3(&(&($(52(5&+=&#05()(&

)%&-(+&/05/=*+2(*/0(+&$"5&-(+&O=%&$(+(&

D&(&)(5+%&/=%*2(&O=%&#(+&(--L&)%-&:0H

:(*2%&O=%&$(5%/%&+%5&+=&$5"T-%#(M&+%&

%*/=%*25(*& -"+& $5"T-%#(+& )%& "25"+& D&

=+2%)&$=%)%&+%5&$(52%&)%&+=&+"-=/0N*P

5 #&+ $6&'7*$8.9*%.+$.3$&1)&$3.9&$ 9*3$ +&3$ *+$:%.$9*$':;<.+$&7&)1:%#9.9*+$=:*$ 1#*%*$ 7.).$.4:9.)$ .$ 3.+$7*)+&%.+$

/"*2L/2%*"+V&

:142#4$3%.":%&"2.=1&"Q@$"1-A.4$

ge

Desde España para China

I4#'P"-%#1"'R%1&424

(+&2=*(+&*(/0%5"*&%*&6+$(H

C(&D&%*&%-& =-20#"& +0:-"&9(*&

+=5:0)"&%*&)04%5%*2%+&$(52%+&

)%&6=5"$(&%&B0+$(*"(#750H

/(M&)%T0)"&(-&/(5L/2%5&R0(F%H

5"&)%&%+2(+&(:5=$(/0"*%+P&

X(&U=*(M&%*&+=+&(-T"5%+M&-(&/"*+202=3(*&

%+2=)0(*2%+&O=%&)%T0)"&(&+=+&%+/(+"+&

5%/=5+"+&2%*3(*&O=%&/(*2(5&"&2"/(5&)%&

-=:(5& %*& -=:(5& $(5(& $")%5& :(*(5+%& -(&

R0)(M&"&+0#$-%#%*2%M&$(5(&+=+2%*2(5+%P

U]^K!M&"&'A!!6!&XK&U]^KM&O=%&+0:H

<7U1/��::3D/@�C</�D72/�D7/83@/��D/5/0C<H)(M&2"/(*)"&D&/(*2(*)"&R0%*%&)%-&"50H

53<�:/BK<�SB=</@3T�?C3�A75<7U1/�A=<72=��X"+&2=*"+&+%&(/"#$(C(*M&$(5(&/(*2(5M&

)%& -"+& 0*+25=#%*2"+& 25()0/0"*(-%+& )%&

-(& "5O=%+2(& %+$(C"-(& )"*)%& %*/"*H

25(#"+V&-(&:=02(55(&O=%&+%&=20-0@(&/"#"&

(/"#$(C(#0%*2"&(5#N*0/"&)%& -(&#%H

-")3(&/5%()(&$"5&-(+&R"/%+&O=%&+%&($"H

D(*&%*&-(&T(*)=550(&Y$50#%5(&R"@Z&D&%-&

-(W)&%+$(C"-&Y+%:=*)(&R"@ZP

K9"5(&%-&/"*25(T(F"&+%&9(&/"*R%520)"&

%*&=*& 0*+25=#%*2"&9(T02=(-&%*& -(&#(H

D"53(&)%&2=*(+M&/"#$-%#%*2()"&(5#NH

*0/(#%*2%&%-&/"*F=*2"&)%&/=%5)(+M&+0*&

)%F(5& (25L+& -(& $(*)%5%2(& D& -(+& /(+2(H

C=%-(+&$(5(&(+3&)(5&%-&#%F"5& +"*0)"&(&

(O=%--"+&O=%&+%&)%-%02(*&%*&-(&$"-04"*3(&

%+$(C"-(P&6*&%+2(&%)0/0N*&-%+&25(%#"+&

(&+=+&0*2%:5(*2%+&O=0%*%+&*"+&9(*&9(H

T-()"& )%& +=& )0R%520)(& %8$%50%*/0(& %*&

#%)0"& )%& 50+(+& D& +"T5%& 2")"& #=/9(&

(-%:53(P

"#$%&'()*+,$'-.',/0.'/0'1&*%.*'0(20'+*)3&4'5)0')6.',/0.'7&68)62.'&'06'0(9307,.-'/0'.-+),064'&&&&&&&&&&&&

6+2"&+=5:0N&%*&%-&(C"&[dgdM&(-:=*"+&)%&

*"+"25"+& 9%#"+& +0)"& 2=*"+& (*2%+& %*&

6+$(C(M&/=(*)"&--%:=7&(/L&9(/%&#(+&"&

#%*"+&25%+&(C"+M&=*(&)%&-(+&/"+(+&O=%&

-":57&9(/%5&4=%&25(%5#%&#0&$5"$0(&2=*(&

)%+)%&6+$(C(&(&'(*2N*P&.0*0%5"*&/"*&

#0:"&/(2"5/%M&)%&-"+&O=%&9"D&0*2%:5(H

#"+&%-&:5=$"&($%*(+&+"#"+&*=%R%&$"5&

O=%&(-:=*"+& -"&9(*& 2%*0)"&O=%&(T(*H

)"*(5M& *"&$"5&:=+2"& +0*"&$"5& -"+& 25(H

T(F"+&O=%&*"&-%+&$%5#023(*&+%:=05n&-=%H

:"& %*2"*/%+& *"+& 5%=*0#"+& /"*& =*"+&

(#0:"+&O=%&$"5&4"52=*(&/"#$(523(#"+&

%-& #0+#"& :=+2"& #=+0/(-M& D& %*2"*/%+&

)%/0)0#"+&9(/%5& (-:"& 0:=(-& (O=3M& & 4=%&

/=(*)"&*"+&$=+0#"+&(&%*+(D(5&D&%#H

$%@(#"+&(&F=*2(5&#(+&:%*2%&9(+2(&)%&

"25(+&*(/0"*(-0)()%+& 4=0#"+&#%F"5(*H

)"M&D(&-=%:"&*"+&90/0#"+&-"+&25(F%+&%#H

$%@(#"+&(&+(-05&(&-(&/(--%&9(/%5&-(+&$5%H

+%*2(/0"*%+&D&(+3&D(&--%R(#"+&)"+&(C"+&

D&#%)0"&$(520/0$(*)"&)%&%+2"P&B%#"+&

0)"& (& R(50"+& %R%*2"+& +"/0(-%+M&#%)0"+&

23� 1=;C<71/17M<�� U3AB/A� =@5/<7H/2/A�$"5&-(&'L#(5(&)%&'"#%5/0"&D&%R%*2"+&

03<JU1=A�

"#).62&('(&6'-&(',620+*.620('/0-'+*)93&'06'0(20'%&%062&4

,=%+&/"#"&$=%)%+&R%5&*0*:=*"&)%&*"H

+"25"+&%+&%+2=)0(*2%&=*0R%5+02(50"M&O=%&

%+& -"& 23$0/"& )%& %+2(& /-(+%& )%& :5=$"+M&

%*2"*/%+& 2")"+& 2%*%#"+& )04%5%*2%+&

25(T(F"+M& (-:=*"+&%+2L*&R0(F(*)"&D&%*&

2"2(-&+"#"+&)"/%P&

X

gc

":&*';)<'/0'=.*,.('6.7,&6.-,/./0(4'&

Q=%*"&$=%+& -(& 2=*(& %+&#=D& 23$0/(&)%&

6+$(C(M& O=%& 2(#T07*& +%& %8$(*)0N& %*&

+=&7$"/(&(&2")"&X(20*"(#750/(&D&$(5H

2%&)%&6=5"$(M&D&%+2(&2=*(&%+&=*(&2=*(&

%+$%/0(-& D(& O=%& 4"5#(5& =*(& %*&'90*(&

%+&=*&$"/"&/"#$-0/()"M&/"*2(#"+&/"*&&

)0+20*2"+&$(3+%+n&2%*%#"+&02(-0(*"M&#(H

55"O=3M&/(*()0%*+%M&;=5L450/(&D&-"+&)%H

#L+&+"#"+&%+$(C"-%+P&6*& 2"2(-& +"*&m&

*(/0"*(-0)()%+P

U(#T07*&($5"R%/9"&(&9(/%5&=*&--(#(H

#0%*2"&(& 2")"+& -"+&O=%&O=0%5(*&D&+%H

$(*& 2"/(5& (-:W*& 0*+25=#%*2"& D(& O=%&

%+2(#"+&4(-2"+&)%&:%*2%

">.?-.6/&'/0-'20%.'3&*';)<'0('7&%93-,7./&'@.70*')6.'2)6.'06'7@,6.4

,"5O=%&%*&$50*/0$0"&-(&:%*2%&O=%&%+2(&

(/L&%*&'90*(&&D&-"+&0*2%:5(*2%+&)%&%+2(&

2=*(& +"#"+& 2")"+& 25(T(F()"5%+M& D& %+&

)043/0-&D(&O=%&-"&/"#W*&+"*&-(+&2=*(+&)%&

=*0R%5+02(50"+M&D&$=%+&(/L&9%#"+&0*2%*H

2()"&/"*2(/2(5& (-:=*(+&=*0R%5+0)()%+&

$%5"&*"&9(&%*/(F()"&/"*&%-&$5"$N+02"&

)%&-(&2=*(P&

"#).-'1)0'0-'/0(0&'/0'@.70*')6.'2)6.'.7A4

'=(*)"&=*"&%*25(&(&=*(&2=*(&%*25(&(&

=*& #=*)"& )04%5%*2%M& %#$0%@(+& (& /"H

*"/%5&:%*2%M& /"#0%*@(+& (& /(*2(5& /"*&

:%*2%&*=%R(&)%&=*&#"*2N*&)%&$(3+%+&D&

/0=)()%+M&%#$0%@(+&(&R0(F(5M&(&/"*"/%5&

*=%R(+& /"+(+P&_& +0& 5%(-#%*2%& 2%&$(+(&

/"#"&#%&$(+N&(&#3& 2%&R(+&(&%*(#"H

5(5&)%&-(&2=*(&D&)%&-"&O=%&/"*--%R(M&-"&

--%R(+&+0%#$5%&%*& -(&+(*:5%&D&(&$%+(5&

)%&%+2(5&#=D&-%F"+&)%&2=&20%55(&D(&/"*&

#=/9"+&(C"+&4=%5(&)%&6+$(C(&+0%#$5%&

%+2"D&$%*)0%*2%&)%&-(+&(*20:=(+&2=*(+&

%*&-(+&O=%&$(520/0$(T(&%*&6+$(C(P&

"B)<'(0'6070(,2.'3.*.'(0*')6'2)6&4'

^"&%+&*%/%+(50"&+%5&=*&#W+0/"&$(5(&+%5&

U=*"& +"-"& +%& *%/%+02(& (#(5& %-& (52%& D&

"TR0(#%*2%&-(&#W+0/(M&D"&$"5&%F%#$-"&

*"& 2"/"& *0*:W*& 0*+25=#%*2"& +(-R"& -(&

$(*)%5%2(P&1%&9%/9"&-(+&2=*(+&2%&%*+%H

C(*&(&2"/(5&(-:"&&D&*"&9(/%&4(-2(&+%5&=*&

%8$%52"&(+3&O=%&/=(-O=0%5(&$=%)%& +%5&

$(52%&)%&%+2"P&

"B)<'3*0206/0'7&6'0(20'+*)3&4

6*&#0&/(+"&$(520/=-(5&=*&$"/"&)%&*"+H

2(-:0(M&%+2(5&2(*& -%F"+&)%&#0&20%55(&D&*"&

$")%5&$(520/0$(5&)%&%+"+&:5=$"+&O=%&D(&

%+2L*& 4"5#()"+&(--LM&D&+"T5%& 2")"&=*(&

4"5#(&)%&)0R%5205*"+&)%&-"&#L+&+(*"&$"H

+0T-%P&

"C6'7).62&'.'-.'=0(2,%062.D'%.62,0606'-.'2*./,7,$64

;0M&%*&-"&$"+0T-%&25(2(#"+&)%&+%:=05&/"*&

-(&/"+2=#T5%P&,%5"&9(D&7$"/(+&)%-&(C"&

O=%&$"5&%-&/(-"5&"&%-&453"&*"&-"&$%5#02%*P&

,%5"&+0%#$5%&$5"/=5(#"+&O=%&-(&R%+20H

#%*2(&+%(&#=D&$(5%/0)(P&

GN#1&:"$42'E%-1.1:":';'"-%?

@#F"' "' 64:42' "<)%--42' <)%'

&42'%2.).="&H

gm

J*:5%)0%*2%+&rŧÃkdd&:5P&)%&(55"@&r&kdd±Ęșfdd&:5P&)%&$"--"&r&fdd±ˀȲmdd&:5P&)%&(-#%F(+&r&mdd±ɓɒ[dd&:5P&)%&/(-(#(5%+&r&[dd±ʿʾedd&:5P&)%&:(#T(+&"&-(*:"+20*"+&

edd±Ęɑ�130=::/�>3?C3L/�� ĴǁɌ[&U"#(2%+&S()=5"+&r&[&èŧǜǷǴɄg&,0#%*2N*&R%5)%&r&g&èȦȾǷǯƥ[&,0#%*2"*%+&5"F"+&&r&[&}ǯƥ[&)0%*2%+&)%&(F"&r&[&ǮĘɍgd&9%T5(+&)%&(@(45L*r&gd&ƜɐȠɁ'"-"5(*2%&(-0#%*20/0"&K#(50--"

ˁȾǷǿȾÉĵɢ;(-&&rǺ,%5%F0-&&rƬɂĵɢgr[&2(@(&)%&(/%02%&)%&"-0R(&r&ƫƨƾÚƙ'(-)"&)%&/(5*%&rǠȲƸ�137B3�23�=:7D/�� ƨƾ

X(&$(%--%5(M&-(&%+$=#()%5(&"&/=/9(5(&D&

%-& 9"5*"& +%5L*&*=%+25"+& 0*+25=#%*2"+&

)%&25(T(F"P&,(5(&9(/%5-(&%*&/(+(M&)"*H

)%&*"&/"*2(#"+&/"*&-"+&:5(*)%+&4=%H

:"+&)%&-(+&/"/0*(+&)%&5%+2(=5(*2%+M&%+&

#%F"5&"$2(5&$"5&=*(&$(%--%5(&$%O=%C(M&

/"#"&$(5(&=*(+&k&$%5+"*(+P

X(R(5&-(+&(-#%F(+&%*&(:=(&453(&/"*&+(-P&

KT505-(+& %*& =*& 2(@N*& /"*& gr[& 2(@(& )%&

(:=(&/"-(5&)%F(5&-(+&(-#%F(+&D&%-&(:=(&

$"5& +%$(5()"& -(R(5& -"+& $0#%*2"*%+&

O=02(5-%&-(+&+%#0--(+&D&/N52(-"+&%*&F=-0(H

*(+P&X(R(5&%-&$"--"&D&/"52(5-"&%*&25"@"+P

X(R(5&-"+&/(-(#(5%+&D&/"52(5-"+&%*&205(+&

$%O=%C(+P&,%-(5&-(+&:(#T(+&"&-(*:"+H

20*"+&/"/%5-"+&/"#$-%2"+&+0*&$%-%(5-"+M&

5%+%5R(5&%-&/(-)"P

.%520#"+& =*(& $%O=%C(& /(*20)()& )%&

(/%02%&)%&"-0R(&%*&-(&$(%--%5(M&=*(&R%@&

/(-0%*2%M&%/9(#"+&-"+&25"@"+&)%&$"--"&D&

-"+&/(-(#(5%+&$"5&=*&$(5&)%&#0*=2"+P&D&

)%F(#"+&O=%&+"453(*&T0%*PK&/"*20*=(H

/0N*M&+%&(C()%*&-(+&F=)3(+&"&9(T0/9=%H

-(+& &R%5)%+&$50#%5"MD& -=%:"&%-&$0#%*H

2N*& 5"F"& D& R%5)%P& 1=5(*2%& 2")"& %+2%&

$5"/%+"&*"

9(D& O=%& )%F(5& )%& 5%#"R%5& -"+& 0*:5%H

)0%*2%+&$(5(&%R02(5&O=%&+%&$%:=%*P&X"&

#L+&0#$"52(*2%&%+&O=%&*=%+25"&+"45%3H

)"&*"&+%&$%:=%&*0&+%&O=%#%&D(&O=%&)%&

%+2"&)%$%*)%&*=%+25"&+(T"5P

X"&+0:=0%*2%&%+&$"*%5&%*&%-&#0+#"&"5)%*V&

%-& (F"& D& -(+& 9%T5(+& )%& (@(45L*M& -(& +(-H

+(&)%&2"#(2%&D&%-&(55"@P&X"&W-20#"&%+&

-(&+(-&D&%-&/(-)"&/(-0%*2%&)%&-(+&(-#%F(+&

D&)%&-(+&:(#T(+&)%&O=%&)%T%&R%5205+%&

/(-0%*2%&D&$"/"&(&$"/"M&+%:W*&-"&R(D(&

$0)0%*)"&%-&(55"@P&^"&9(D&=*(&$5"$"5H

17M<�U8/�1/:2=�/@@=H��>3@=�>/@/�6/13@H*"+&=*(&0)%(M&%*&=*(&$(%--(&$(5(&/=(25"&

$%5+"*(+& =20-0@(5%#"+& /"#"& #3*0#"&

;327=�:7B@=�� /�A/:�A3�238/�>/@/�3:�U</:�$"5O=%& +0& -(& $"*%#"+& (-& $50*/0$0"M& %-&

$"--"&/"#%*@(53(&(&+"-2(5&(:=(&D&*"&+%&

45%053(&T0%*P&K&$(5205&)%&%+2%&#"#%*2"M&

)%F(5%#"+& /"/%5& )=5(*2%& gm& #0*=2"+M&

(& 4=%:"&#L80#"& D&#"R07*)"-"& /"*+H

2(*2%#%*2%&$(5(&O=%&%-&(55"@&+%&(T5(P&

'=(*)"&R%(#"+&O=%&+=T%&(& -(&+=$%5H

U173��G�3:�>C<B7B=�0:/<1=�23:�5@/<=�6/�)%+($(5%/0)"P& Q(F(5& %-& 4=%:"& D& /"/%5&

C<=A��;7<CB=A�/�4C35=�AC/D3��:�U�

*(-&)%&-(&/"//0N*M&(:5%:(5&-(+&:(#T(+&D&

-(+&(-#%F(+P&1%F(5&5%$"+(5&=*"+&eHc&#0H

*=2"+&D&+%5R05&0*#%)0(2(#%*2%P

ĳɓɒǰ¿ǺƲǂ¾lĳɓɒ³ʚ~lÏÚƙƲlÏǗȹƽȷlɿǍäÂɓɒlĳǛÂɓɒǷƸŽȨpɼēǰbǂ¾ǯƥlàțlÄċbǂ¾ˀȲlÄċbǂ¾ʿʾlÄŧĴqbĳĘɑàǸàělĳɑǸúɑěǝÈ �ÃʕlǍÂƸƴlēǰb

ĳƫƨƾÏǗlÏ³ˀȲȫǔȹˀȲåŧʔˁȾnÏ³ʿʾlȫǔÀÃʕlÏ³ÄȄǷǁɌlǯƥlɯɮúàǸǷǴɄbǚ �ÃʕbÏ³ĘșlŸŲlǙòÏ³ǛɿĘɑúɓɒǷǗƸl½Ïp�ƲlƸƴǷÃʓĘƧƍĘșǷ|¬b

ĳàǸǷĘɍlƬɂúɐȠɁÄȄlÏ³ʚ~lƟŵ}�æøÏ³ɫƂúǿȾÉlǰĘǓ½Ǜ �ÃʕbĳǓ¹ĴlǰƁǓǘɫ�ȹ�ÃʕbƒòlÏ³ĘɑúɓɒbŽȨ��Ãʕòuǻb

'"-(T"5(/0N*V&;"*0(&1%-:()"

gk

Dieta paleolítica: la mejor opción para estar bien y sentirte bien,"5&.(-%50(&!%0*"+"

^=%+25"&"TF%20R"M&%+&#(*2%*%5&(&*=%+25"+& -%/2"5%+&%*&

T=%*&%+2()"&%+&$"5&%+2"&O=%&9%#"+&R0+02()"&(&X0-0(*&,90--0$+M&

*=250/0"*0*+2(&)%&%-&$5%+20:0"+"&/%*25"&)%&+(-=)&K$"--"+P

6*&+3&)%T%#"+&2%*%5&/-(5"&O=%& -(&)0%2(&%+&=*(&9%55(#0%*H

2(&O=%&*"+&(D=)(&(&"T2%*%5&-(&%*%5:3(&*%/%+(50(&$(5(&/()(&

(/20R0)()&O=%&--%R%#"+&(/(T"&5%/=%5)(&%5%+&-"&O=%&/"#%+M&

+0&/"#%+&+(-=)(T-%&%5%+&+(-=)(T-%&$"5&%*)%&+0&/"#%+&/9(2(H

55(PPP&Q=%*"&$%5"&+0%#$5%&$")%#"+&/"#%*@(5&)%&*=%R"M&%*&

+3&-"&O=%&T=+/(&%+2(&)0+/0$-0*(&(-0#%*20/0(&%+&%-0#0*(5&(O=%--"&

O=%&*"+&$5")=/%&%*4%5#%)()%+M&D&%R02(5&-(+&/"+2=#T5%+&(-0H

#%*20/0(+&0#$=%+2(+&$"5&-(&0*)=+250(&(-0#%*2(50(P

X"& O=%& +%& $5"/=5(& %+& %R02(5& %+"+& (-0#%*2"+& *"/0R"+& $(5(&

*=%+25"&+0+2%#(&0*#=*%M&"T2%*%5&=*(&*=250/0N*&()%/=()(M&D&

%-0#0*(5& -(&TW+O=%)(&)%-&%4%/2"&5%/"#$%*+(&O=%&2%*%#"+&

+"T5%&2")"&-"+&-(20*"+M&O=%&/"#%#"+&*"&-"&*%/%+(50"&+0&*"&

#L+&(--L& 9(+2(&O=%&*"+& +%*20#"+&/"#$-%2(#%*2%& --%*"+&"&

0*)0:%+2"+P

K*2%+& O=%& 2")"M& )%+/(*+(& T0%*M& *"& 2%& 0#(:0*(+& -"& 0#$"5H

2(*2%&O=%&%+&$(5(&2=&+(-=)M&%R02(&()0//0"*%+&(&-(&/"#0)(&"&

-(&T%T0)(M&2"#(5&D&/"#%5&%*&%8/%+"&%+&/"*25(&$5")=/%*2%&

$(5(&-(&+(-=)P

.%(#"+& -(+& 5%/"#%*)(/0"*%+& D& (/%5O=7#"*"+& (& *=%+25(&

%8$%52(&%*&%-&2%#(V

":&*';)<'0(',%3&*2.620'-.'/,02.'3.-0&-E2,7.4'X(&)0%2(&%+&#=D&0#$"52(*2%&D(&O=%&T(-(*/%(&-(&0*+=-0*(&/"*&

2=&/=%5$"&D&-"+&%*25%*(#0%*2"P&

"C-'062*06.%,062&'(0'=0'.1072./&'(,6'-.'/,02.4';0M&D(&O=%&-"+&%F%5/0/0"+&)%+$0%52(*&%-&($%202"&D&-(&:%*2%&*"&

+(T%&#(*%F(5&-(&(*+0%)()M&%*2"*/%+&/"#0%*@(*&(&0*:%505&/(5H

T"90)5(2"+&D&)%+$=7+&*"&"T20%*%*&-"+&5%+=-2()"+&%+$%5()"+P&

,(5(&2%*%5&-"+&#%F"5%+&5%+=-2()"+&9(D&O=%&9(/%5&(-&$0%&)%&-(&

-%25(&-"+&%F%5/0/0"+&D&-(&)0%2(P

"C6'7).62&'2,0%3&'3&/0%&('=0*'-&('*0()-2./&(4K$5"80#()(#%*2%&)%&[&(&e&+%#(*(+P

"C('6070(.*,&'=06,*'.'062*06.*'2&/&('-&('/E.(4^"M&*"+"25"+&+=:%50#"+&O=%&R%*:(*&e&R%/%+&(&-(&+%#(*(P

"B)0'0('.3&--&46-&$5":5(#(&K$"--"&%+&=*&57:0#%*&)%&*=250/0N*&D&)%$"52%M&

%*&*=%+25"&:0#*(+0"&-"/(-0@()"&%*&?=(*:@9"=M&%*25%*(#"+&

(&*=%+25"+&/-0%*2%+&/"*&5=20*(+&0*2%*+(+M&D&=*(&*=250/0N*&$%5H

+"*(-0@()(P&X"+&5%+=-2()"+&)%&*=%+25"+&/-0%*2%+&+"*&-"+&#%H

F"5%+&2%+20#"*0"+&)%&*=%+25"+&#72")"+P

"B)0'0('062*06.%,062&'1)67,&6.-46+& -(&#(*%5(&)%&%*25%*(5&$50#%5"&+0*&#LO=0*(+M&/(5:(*)"&

$%+"&+0*&9%505&%-&/=%5$"&D&+0*&2%*%5&-(&"T-0:(/0N*&)%&05&(&=*&

:0#*(+0"&D(&O=%& -"+&#"R0#0%*2"+&O=%&%*+%C(#"+&$=%)%*&

$5(/20/(5-"+&%*&/=(-O=0%5&-=:(5P&

U")"+&-"+&)3(+&2%*%#"+&5=20*(+&)0+20*2(+&$(5(&$(52%+&)04%5%*H

2%+&)%-&/=%5$"M&+0*20%*)"&-(&%*%5:3(&$"+020R(

B)%26#4'#%.4$%&:":4':%-'$%2'3"#"'$"&6%&%#6%'2"?

-):"/-%';'%&'E4#$"'%2'-"':1%6"'3"-%4-F61."'%&'.4&7)&64'

�)(�&)�4&-$')�!(� !*)+-!��!&��+),,5-��!(�!,-��! $�$3(�&42'8"$42'"'.%&6#"#'$+2'%&'-"'"-1$%&6".1J&'<)%'2%'

3#".61."'%&'.4&7)&64'.4&'%26"'1&6%#%2"&6%'".6181:":'

EF21."A

gf

"B)<'0('060*+E.'3&(,2,=.46-&#"#%*2"&/=(*)"&-(+&$%5+"*(+&2%5#0*(*&%-&%*25%*(#0%*H

2"M&O=%&+%&+0%*2%+&4%-0/%+M&/"*&*=%R(+&4=%5@(+&(=*O=%&%+27*&

/(*+()"+&)%-&%F%5/0/0"P

"#$%&'0('-.'%.60*.'06'-.';)0'062*06.646*25%*(#"+&/"*&(-2(& 0*2%*+0)()&$(5(&5%)=/05&2")(&-(&:5(+(&

(/=#=-()(&(-&#"#%*2"&)%&%+2(5&%*&%-&25(T(F"&+0*&9(/%5&(/H

20R0)()P

"#$%&'7&6(2*),*'2)'1)0*F.'7&6'.3&--&(4'"*&%+2"+&/=(25"+&$=*2"+&$")%#"+&*"2(5&=*&/(#T0"&5()0/(-&

%*&*=%+25"&($%202"&D&/=%5$"P

#GHIJ!KHCLMC'K'CNCO#I#IG'K'CPMIQG'JC'RIJ!

K$"--"&%+&=*&$5":5(#(&R(50()"&)%&(-2(&0*2%*+0)()&O=%&/"*H

+0+2%& %*& #"R0#0%*2"& 4=*/0"*(-M& 5=20*(+& )%& %F%5/0/0"& D& *=H

250/0N*& T(-(*/%()(& (& 25(R7+& )%& %*25%*(#0%*2"+& 0*2%*+"+& D&

$%5+"*(-0@()"+&$(5(&/()(&*%/%+0)()P&'"*&5%+=-2()"+&:(5(*H

20@()"+P&.(50%)()V&!%/"550)"+&/"52"+M&#%)0"+&D&-(5:"+&

U(#T07*& -%+& 25(%#"+& -(+& 5%/"#%*)(/0"*%+&)%-&15P&I=52&?P&

B(550+&$5"$"*%M&&/=(*2"&#L+&+=T(+&%*&-(&-0+2(&D&#L+&$(+"+&

+%(+&/($(@&)%&+%:=05&)%&#(*%5(&/"*20*=(M&#L+&+(*(&+%5L&2=&

(-0#%*2(/0N*V

ST'6-0#0*(&%-&(@W/(5&%+$%/0(-#%*2%&%-&O=%&T%T%+&+0*&)(52%&

/=%*2(&%*&5%45%+/"+M&@=#"+&D&%*&-(&-%/9%&Y($"52(&-(/2"+(&=*&

(@W/(5ZM&(&-(&9"5(&)%&T%T%5&-"&#%F"5&%+&(:=(M&2%&"&/(47M&+0*&

(@W/(5&D&+0*&%)=-/"5(5P

UT'6-0#0*(&%-&:-=2%*&$5%+%*2%&%*&-"+&/%5%(-%+&Y250:"M&/%*2%*"M&

%+$%-2(&D&(R%*(ZP&;%(+&/%-3(/"&"&*"M&%-&:-=2%*&%+&=*(&$5"2%3*(&

O=%&)(C(&2=&+0+2%#(&0*#=*02(50"M&D&*"&+(T5L+&%-&)(C"&O=%&2%&

9(/%&9(+2(&O=%&)%F%+&)%&/"*+=#05-"P&X0#02(&/%5%(-%+&+0*&:-=H

2%*&Y(55"@&D&#(3@Z&+"T5%&2")"&+0&O=0%5%+&$%5)%5&$%+"M&$=%+2"&

O=%&20%*%*&=*&(-2"&3*)0/%&:-=/7#0/"M&+0&*"&20%*%+&$5"T-%#(+&

)%&$%+"&/"*+W#%-"+&$%5"&)%T%+&+(T%5&O=%&($%*(+& 20%*%*&

0*2%57+&*=25020R"P

VT'6-0#0*(&-"+&(/%02%+&R%:%2(-%+&)%50R()"+&)%&/%5%(-%+&"&+%H

#0--(+& Y#(3@M&:05(+"-M& /"-@(M& +7+(#"M& +"F(PP%2/Z&$-(:()"+&)%&

2"80*(+&D&%8/%+0R(#%*2%&(-2"+&%*&"#%:(kP&6*&/(#T0"&=+(&

?9%%M&#(*2%O=0--(M&:5(+(+&(*0#(-%+&Y+%T"M&#(*2%/(Z&"&(/%02%&

)%&/"/"P&X(&:5(+(&*"&%+&%-&%*%#0:"P

WT''"#%&[&"&e&R%/%+&(-&)3(M&+0*&$0/"2%"+M&*"&%+&*%/%+(H

50"&#L+M&2%&+%*205L+&+(20+4%/9"&D&*"&$(+(5L+&9(#T5%M&&*"&

%5%+&=*&9%5T3R"5"&$(5(&%+2(5& 2")"&%-&)3(&$(+2(*)"P&X"&

#%F"5&%+&O=%&$5%$(5%+&2=&/"#0)(&%*&/(+(P&_&/=(*)"&2%*H

:(+&9(#T5%&/"#%M&9(+2(&O=%&%+27+& +(/0()"P&;0&T=+/(+&

$%5)%5&$%+"&-"&#L+&%4%/20R"&%+&/"#%5&$"/(+&R%/%+&(-&)3(&

$%5"&(T=*)(*2%#%*2%&D&$5(/20/(5&(D=*"+P

XT''"#%&/(5*%&)%&2")"&20$"&/"*&+=&:5(+(M&&9=%R"+M&$%+H

/()"+&D&#(50+/"&Y(-&#%*"+&=*&$(5&)%&R%/%+&(&-(&+%#(*(ZP&

6+(&)%T%&+%5&-(&T(+%&)%&2=&)0%2(P&_&5%/=%5)(&O=%&&+"#"+&

=*(&%+$%/0%&O=%&%R"-=/0"*N&:5(/0(+&(& -(&/(5*%P& J*2%*2(&

O=%&-(&/(-0)()&)%&-"+&(-0#%*2"+&)%&"50:%*&(*0#(-&+%(&-(&

#%F"5&$"+0T-%M&/"*+=#%&/(5*%&)%&(*0#(-%+&(-0#%*2()"+&

/"*&$(+2"&D&*"&+"-"&/"*&/%5%(-%+M&*"2(5L+&-(&)04%5%*/0(P

YT''"#%5&/(+O=%53(&Y93:()"&)%&2%5*%5(&%*&%+$%/0(-ZM&&=*&

$(5&)%&R%/%+&(&-(&+%#(*(&*"+&($"52(&R02(#0*(+&D&/"-0*(&

Y2(#T07*&$5%+%*2%&%*&D%#(+&)%&9=%R"+Z&P&;0&*"&2%&:=+2(&

%-&+(T"5&#7@/-(-"&/"*&-(&/(5*%P&X(&#(*2%O=0--(&%+&T=%*(&

4=%*2%&)%&R02(#0*(&I[&(-&0:=(-&O=%&%-&$%5%F0-M&(:=(/(2%&D&

/=(-O=0%5&R%5)=5(&)%&9"F(&R%5)%P

ZT' X(+& :5(+(+& (*0#(-%+& +"*& =*& %+2=$%*)"& /"#T=+20T-%& D&

+"*& *%/%+(50(+& $(5(& ($5"R%/9(5& -(+& R02(#0*(+& -0$"+"-=T-%+&

O=%&25(%*&/"*+0:"P&&K)%#L+&+"*&%-&5%%#$-(@"&$%54%/2"&$(5(&

-(+&/(-"53(+&O=%&(*2%+&*"+&($"52(T(*&(@W/(5%+&D&9(50*(+P&;0&

*"&%5%+&)0(T720/"M&%+2L+&/"*2%*2"&/"*&2=&$%+"&D&2%&($%2%/%M&

$=%)%+&(=#%*2(5&-(&/(*20)()&)%&90)5(2"+&Y(55"@M&#(3@M&$(2(H

2(Z&D&2"#(5&#%*"+&:5(+(+P

[T'U"#(&%-&+"-M&-"&*%/%+02(+&$(5(&#%2(T"-0@(5&-(&R02(#0*(&1e&

D&O=%&%-&/(-/0"&)%&2=&)0%2(&+%&$%:=%&(&2=+&9=%+"+M&&%*&/(+"&

?C3�<=�>C32/A�B=;/@�3:�ACU173<B3�AC>:3;3<B/�BC�273B/�1=<�R02(#0*(&1eP

\T'<5=2(+& D& R%5)=5(+V&K)%#L+&)%&"25"+&90)5(2"+&O=%&)(*&

%*%5:3(&D&($"52(*&R02(#0*(+&D&#0/5"*=250%*2%+M&/"#%&)04%H

5%*2%+&R%5)=5(+&D&9"52(-0@(+M&-(+&O=%&#L+&2%&:=+2%*&D&/"#"&

#L+&2%&:=+2%*P&;%&%O=0-0T5()"M&=*&$"/"&%+&#%F"5&O=%&*()(&

$%5"&/"#%5&%*+(-()(&D&45=2(&2")"+& -"+&)3(+&*"&2%&9(5L&%+H

2(5&#L+&+(*"M&*"&%+&2(*&0#$5%+/0*)0T-%&/"#"&+%:=5(#%*2%&

/5%(+P&6-&%8/%+"&)%&45=2(&20%*%&/"*+%/=%*/0(+P

S]T'B(@&%F%5/0/0"M&2(*2"&%-&%F%5/0/0"&)%&5%+0+2%*/0(&/"#"&%-&

/3@M071=�B73<3<�03<3U17=A��7<1:C72=�3:�03<3U17=�>/@/�<C3AHB@=�13@30@=�� =A�03<3U17=A�A3�D3<�3<�:=A�>3@7=2=A�23�@31CH$%5(/0N*& 25(+&%-& %+4=%5@"P& X%R(*2(&$%+(+&/()(&)3(&"& /"55%&

#(5(2"*%+M&$%5"&9(@-"&$"5&%+2(5&(/20R"&D&$"5O=%&2%&)0R0%52%M&

*"&$"5&2=&+(-=)P

SST''=0)()"&/"*&-(&45=2(&/N#%-(&/"*&#")%5(/0N*&D&%R02(&-(+&

25"$0/(-%+M&-(&45=2(&O=%&*"+&9(*&R%*)0)"&/"#"&+(*(M&+(*3+0#(&

*"&)%F(&)%&+%5&%*&=*(&:5(*&$5"$"5/0N*&(:=(&/"*&(@W/(5M&+0&

R(+&(&/"*+=#05-(&$5"/=5(&O=%&*"&%+27&)%#(+0()"&#()=5(&D&

%R02(&2"#(5-(&/"*& -(+&/"#0)(+M&$(5(&%R02(5& -(& 4%5#%*2(/0N*&

)%& +=+& (@W/(5%+M&#%F"5& %+$%5(& (& 2%*%5& %-& %+2N#(:"& R(/0"&

$(5(&/"*+=#05-(M&#%2(T"-0@(5L+&#%F"5&+=+&(@W/(5%+P

�A�27U17:�1=<AC;7@�C<�3F13A=�23�4@C1B=A/�B=;/<2=�1/<B72/H)%+&*"5#(-%+&)%&45=2(M&$%5"&*"&-(&/"*R0%52(+&%*&-(&T(+%&)%&

2=&)0%2(P

SUT';0&%5%+&(-75:0/"&(&-(+&$5"2%3*(+&)%&-(&-%/9%&"&2%&$5%"/=$(&+=&/"*2%*0)"&%*&/(+%3*(M&2"#(&#(*2%O=0--(&D&O=%+"+&/=5(H

)"+&(& -(&R%@&O=%&%R02(+& -%/9%M&*(2(&D&O=%+"+&T-(*)"+P&X"+&

O=%+"+&/=5()"+&)=5(*2%&(-&#%*"+&k&#%+%+&*"&20%*%*&T%2(H

1/A=;=@U</�?C3�3A� :/�>@=B3K</�1C:>/0:3�23� :/�;/G=@K/�23�0*2"-%5(*/0(+& D& ()%#L+& %+2"+& O=%+"+& +"*& =*(&#=D& T=%*(&

4=%*2%&&)%&R02(#0*(&I[

J,(2*,?)7,$6'/0'3)-3.('S]]^''6.2)*.-'%.*7.'P_!_PJ0-,7,&(&(':.2.7&60('`'a)7.('3*07&7,/&(

`'%)7@.('/0-,7,.('%.('b'J0'#&-&%?,.'.'()'%0(.T

U%4V&gfkkchfhhod

#OIPMI!L'OCILGPG'cPK;JK&UA&UB6&bA!X1

?%1.6@-"*(/#&"#+%(6.6*"#"*.%1;-"&#A16B;6.","5&'50+20(*&!%0*"+"

(+& )04%5%*2%+& R0+0"*%+& %*25%&

-(&#%)0/0*(&"50%*2(-& D& -(& "/H

/0)%*2(-& +%& T(+(*& %*& O=%& -(&

$50#%5(& R%& %-& /=%5$"& /"#"&

=*& 2")"M& )"*)%& /()(& $(52%& %+2(& /"H

*%/2()(&%*25%+&+0&D& -(&"25(&+%&/%*25(&

%*&R%5-"&/"#"&$(52%+&(0+-()(+M&(9"5(&

%+2L*&=*&:5=$"&)%&0*R%+20:()"5%+&25(H

2(*)"&)%&9(--(5&$=%52(+&%*25%&(#T(+P

6*&A//0)%*2%&+%&$5")=/%*&4L5#(/"+&

$(5(&/()(&20$"&)%&)"-%*/0(M&#0%*25(+&

O=%&%*&A50%*2%&-(&/-(R%&%+2L&%*&%-&%O=0H

-0T50"&)%-&/=%5$"P& &6-&)"/2"5&K*)5%(+&

Q%*)%5&D&+=&%O=0$"&)%-&)%$(52(#%*H

2"& )%&a=3#0/(& )%& -(& ]*0R%5+0)()& )%&

'(#T50):%&(*(-0@(5"*&#%)0/0*(+&25(H

)0/0"*(-%+& (+0L20/(+& =20-0@(*)"& #72"H

)"+&"//0)%*2(-%+M&(& -"&O=%&/"*/-=D"V&

pJ*2%*2(#"+& %8$-0/(5& /N#"& 4=*/0"*(&

-(& #%)0/0*(& 25()0/0"*(-& TL+0/(#%*H

2%& $=)0#"+& %8$-0/(5& -(& 5(@N*& $"5& -(&

/=(-&-(+&4"5#=-(/0"*%+&)%&-(&#%)0/0*(&

KD=5R%)(&Y+0+2%#(&20$0/"&)%&#%)0/0(&

25()0/0"*(-& J*)0(Z& 4=*/0"*(*& D& -(+& 5%H

-(/0"*(#"+&(&)%2%5#0*()(+&$(523/=-(+&

$5"2%0/(+&O=%&+%&=+(*&%*&%-&#=*)""/H

1723<B/:T��$=@�AC�>/@B3��3:�3?C7>=�23�X()(*&6+9>%R(50M&)%&-(&6+/=%-(&)%&6*H

4%5#%53(&D&6+2=)0"+&)%&-(&;(-=)&)%&-(&

]*0R%5+0)()&)%&?%"5:%2"j*M&%*&6+2(H

)"+&]*0)"+M&%8(#0*N&-(&4(5/"&)0*(#0(&

D&-(&4(5#(/"&/0*%20/(&O=%&/"55%+$"*H

)%*& (-& #%/(*0+#"& )%& (//0N*& )%& X(&

(/=$=*2=5(& %+2L& T0%*& %82%*)0)(& %*&

-"+&25(2(#0%*2"+&)%&%+257+&/5N*0/"M&%-

;=B7D=�173<BKU1=�23�ACA�03<3U17=A�>/@/�:/�A/:C2�<=�3ABI�;CG�3F>:=@/2=��S�3AH/=T50#"+&O=%&-(&(/=$=*2=5(&%-%/25N*0/(&T-"O=%(&%-&%+257+&/5N*0/"&0*)=/0)"$"5&

:/A�3:3D/17=<3A�23�:/A�6=@;=</A��23:�383��7>=B/:I;71=�67>=UA/@7=�/2@3</:��?C3�;/<B73<3�C</�1=;C<71/17=<�3<B@3�:/�5:/<2C:/�67>=UA7A�G�C</�23�:/A�1/>/A�23�:/�5:/<2C:/�AC>@/@3</:�T��278=��A693D/@7��;0=A�3ABC27=A� 4C3@=<�>C0:71/2=A�3<�%-&\"=5*(-&"4&'9%#0/(-&J*4"5#(20"*&(*)&S")%-0*:&D&%-&\"=5*(-&"4&6*)"/50*"-":DM&

5%+$%/20R(#%*2%P&

"

[[

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�� E'0, %&<"0/%)+.'#"0, "0/1.%+#'&, $D0, .",FG, -(+0"0, .", $".%-+$"&/'0, -;%&'0, 5,-'$2'&"&/"0, +51#<H.%-'0, -'&/#+, "(,-D&-"#=, , >E'0,-+0'0,$D0, I1"#/"0, I1"#'&,('0, -'$2'&"&/"0, +&/%-+&-"#*)"&'0, .",(+,$".%-%&+,+51#<".+6,.'&.","&-'&/#+4$'0,1&+,"B2(%-+-%:&,#+J'&+3("6,/+$3%H&,(+, "&-'&/#+$'0, "&, 1&+, -(+0", ((+$+.+,�� 3D0%-+$"&/",-'$',"(,D-%.',+-"/%(,0+(%-%4(%-',',+02%#%&+=��-'$',#".1-%#,('0,&%<"("0,.",+JK-+#,"&,(+,0+&)#"A=L(,"@1%2',.",8"&."#,I#+-+0',"&,"(,2#'4-"0', .", "&-'&/#+#, 1&, 21"&/", "&/#",('0, /#+/+$%"&/'0, "0/1.%+.'0, 5+, @1", "(,'#%"&/+(, 0",;+,3+0+.',"0, "&,MN,$".%4-%&+, 3+0+.+, "&, (, 2#D-/%-+6, 2'#, (', -1+(,&', 0", -'&'-"&, (%/"#+/1#+,."/"#$%, &+.+,0'3#","0/+,-'$',0+3",,$'0,.",(+,'--%4."&/+(=, >O1"0/#+,$+5'#, (%$%/+-%:&, "&, "(,+&D(%0%0, ."(, I1&-%'&+$%"&/',.", (+0,$"4.%-%&+0, I1", (+, I+(/+,.", 0*4"5#(/0N*& +"H

T5%& O=7& 25(2(#0%*2"+& 4=*/0"*(*& $(5(&

/()(& %*4%5#%)()P& 6+2"& "/=55%& 2(*2"&

%*&-(&#%)0/0*(&"50%*2(-&/"#"&%*&-(&"/H

1723<B/:T��#B@=�23�:=A�=0ABI1C:=A�?C3�%+2%& %O=0$"& )%& 0*R%+20:()"5%+& 2=R"&

O=%& +=$%5(5& 4=%& -(+& )04%5%*/0(+& %*& -(&

#%2")"-":3(& )%& -"+& %+2=)0"+M& $=%+& -(&

#%)0/0*(& "//0)%*2(-& 20%*%& =*(& 4=%5H

2%&T(+%& %*& %*+(D"+& /-3*0/"+M&#0%*25(+&

O=%& -(& (*/%+25(-& +%& T(+(& %*& 90+2"50(+&

)"/=#%*2()(+P& &U5(+& -(&$5=%T(&T0"-NH

:0/(&X()(*&6+9>%R(50&0*0/0N&+=&+%50%&)%&

%+2=)0"+&(&$(5205&)%&-(&%8$%50%*/0(&O=%&

2%*3(&/"*&-"+&$(/0%*2%+&O=%&25(2(T(&%-&

)"-"5&/"*&(/=$=*2=5(P&&pX(&#(D"53(&)%&

-(+&R%/%+&5%:5%+(T(*&D&#%&)%/3(*&O=%&

+%&+%*23(*&#%F"5M&2%*3(*&#%*"+&0*+"#H

<7=�G�;38=@�A3<A/17M<�23�073<3AB/@T��:3�/=%*2(&(&QQ'&S=*)"P&pK&$%+(5&)%&O=%&

+N-"&%+2(T(&0*2%*2(*)"&(-0R0(5&%-&)"-"5M&

%--"+&2%*3(*&%+2%&20$"&)%&%4%/2"+&+%/=*H

)(50"+&Y)%&T0%*%+2(5ZP&

<=%&(+3&/"#"&6+9>%R(50&)%/0)0N&0*0/0(5&

-(&TW+O=%)(&)%&=*(&$5=%T(&T0"-N:0/(&

O=%&%8$-0/(5(&%-& 4=*/0"*(#0%*2"&)%& -(&

(/=$=*2=5(P& 6+2(& %*4%5#%5(& (*%+2%H

+0N-":(& )0+%CN& =*(& +%50%& )%& %+2=)0"+&

%*& 5(2(+& $(5(& %8(#0*(5& %-& %4%/2"& )%&

-(& (/=$=*2=5(& %-%/25N*0/(& %*& -"+& *0H

R%-%+& )%& $5"2%3*(& D& 9"5#"*(+& O=%&

+%& +%:5%:(*& %*& 5%+$=%+2(& (-& %+257+P&&

p1%+6+2"&#%&90@"&$%*+(5&O=%& %*& R%@&

)%&%+2(5& 25(2(*)"& -"+& /(*(-%+&)%-&)"H

:=@�� 3AB/0/� /B/1/<2=� :=A� 23:� 3AB@JAT�/=T50#"+&O=%&-"+&*0R%-%+&)%&%+257+&%*&

%-& :5=$"& )%& 5(2(+& O=%& ($-0/(#"+& -(&

(/=$=*2=5(&+%&9(T3(&5%)=/0)"&/(+0&(&-(&

-3*%(&T(+%&)%& -"+& (*0#(-%+&O=%&*"& +%&

:3A� 7<2C8=�3AB@JA�>/@/�3:� 3ABC27=T�� 3FH$-0/N&-(&%8$%52(P&6+9>%R(50&%8$-0/N&O=%&

%-& $(+"& +0:=0%*2%& +%5L& 25(*+4%505& %+2(&

%8$%50%*/0(& (& 9=#(*"+M& D& R%5& /N#"&

5%(//0"*(*& (& -"+& )0+20*2"+& *0R%-%+& )%&

3AB@JA�� $/@/� :/� 173<BKU1/�� 3AB3� B7>=�)%& %+2=)0"+& +"*& *%/%+(50"+& $"5O=%

25(2(#0%*2"+&)%&-(&#%)0/0*(&25()0/0"*(-&

(+0L20/(P& pB(+2(& O=%& *"& 2%*:(#"+& =*(&

T=%*(&/(*20)()&)%&$5=%T(+&O=%&#=%+H

25%*&-(&%4%/20R0)()&)%&-(&#%)0/0*(&/90*(&

25()0/0"*(-&%*&(-:=*(+&%*4%5#%)()%+M&(&

-"+&)"/2"5%+&+%& -%+&R(&(&9(/%5&#=D&)0H

4K17:�@343@7@�>/173<B3A�/�/1C>C<BC@7AB/AT��6+9>%R(50&(:5%:N&O=%&-(&R%*2(F(&%+&O=%&

(/2=(-#%*2%& +"*#=/9"+& -"+& $(/0%*2%+&

"45%/%*& -(& %R0)%*/0(&O=%&*%/%+02(*& -"+&

#7)0/"+&)%&"//0)%*2%&$(5(&5%/"#%*)(5&

O=%&)%/0)%*&+"#%2%5+%&(&25(2(#0%*2"+&

)%&-(&#%)0/0*(&(*/%+25(-&+0*&O=%&-"&5%/%H

2%&+=&#7)0/"&)%&/(T%/%5(P

,%5"&*"+"25"+&(/L&%*&'90*(M&+%&*"+&4(/0H

-02(&%+2%&20$"&)%&25(2(#0%*2"+&9"-0+20/"+M&

()%#L+&D"& +%&O=%&#L+&)%&=*"&9(& %+H

/=/9()"&)%&(-:=0%*&O=%&9(&2%*0)"&7802"&

/"*&%+2"+&$5"/%+"+M&)%*25"& -"+&O=%& +%&

)%+2(/(*&$"5&+=&$"$=-(50)()V&%*&$50#%5&

-=:(5&-"+&)%&T(F(5&)%&$%+"M&%*&+%:=*)"&

-=:(5&-"+&25(2(#0%*2"+&$(5(&-(+&(520/=-(H

/0"*%+&D&-%&+0:=%*&-"+&)%&%+257+&O=%&+"*&

2(*&=+()"+&%*&*=%+25"+&$(3+%+P

[e

4EFGHIJK$JLMJNOL# PEFQE# LEOL# QEGR

SJQEFJQT#EL#QFUNV#

3:B>

&HJNEST#WNJLST#EL#XLQUYTV

3;C>

+TZ#[\SGUJ#EL#QUZU\FV

3C>

5JZJMTG# QEZTFMUPTG# WEUYE#

STL#MJSOL#PUFM\JN#EL#PENSFTV

3C>>

%FEMEG# ZNJMEJQTG# ]JFSJ##

4JN^#EL#_TF]J#QE#ZN\]JGV

3;=

$\NGEFJ# FTSIEFJ# ZNJMEJQJ#

]JFSJ#4JN^

3@=

[c

$FU]JPEFJ7EFJLT#;A:?

*MFJQUPJFU\G*HTFMG# QEGME`UQT# PJa\EFT#

STL#MJSHEG#EL#XLQUYTV

3;;>

4N\GJ# Jb\N# FEc# STL# HT]R

WFTG#QEGS\WUEFMTG#EL#PENTV

3:B>

5JZJMTG# LEYFTG# QE# MJSOL#

]EQUT#STL#MTWUNNEFJ#EL#YJR

]\bJV

3;>>

&ULM\FOL#LEYFT#STL#MJSHEG#

]JFSJ#4JN^V

3:;=

&TNNJF# _\SGUJ# STL# ZN\]JG#

EL#ZUEN#]JFSJ#4JN^V

3>=

9\EYT#QE#]JLUNNJG#EL#QU_ER

FELMEG#STNTFEG#]JFSJ#4JN^V

3C=

)J_JG#WNJLSJG#STL#Jb\N#QE#

NELME#TGS\FT#]JFSJ#4JN^V

3>=

[m

5JFJK#7EGMUQT# WNJLST# STL# EGSTR

ME#TPJNJQT#JN#FEGZJNQJF#EL#

NULT#NUSFJQTV

3@>>

*JLQJNUJG#WNJLSJG#QE#MJSTL#

JNMT#STL#MTWUNNEFJ#EL#ZUENV

3#?==

%FEMEG# QTFJQTG# ]JFSJ#

4JN^#EL#HUNTGV

3==

%LUNNT#QTFJQT##]JFSJ#4JN^#

STL#ZUEQFJG#SENEGMEG#

3C=

[f

/(+0&kddI#&(-&^"5"%+2%&)%&

-(& /($02(-& %+$(C"-(& +%& %*H

/=%*25(&K52%08"M&=*&$%O=%H

C"& $=%T-"& )%& -(& $5"R0*/0(&

)%& X(& '"5=C(& %*& ?(-0/0(P&

'"*& =*(& $"T-(/0N*& )%& $"/"& #L+& )%&

odPddd&9(T02(*2%+M&%+2(&-"/(-0)()&$(+(H

53(& )%+($%5/0T0)(& /"#"&/=(-O=0%5& "25(M&

+0*"&4=%5(&$"5O=%&%+&-(&+%)%&)%-&:5=$"&

2%820-&#L+&:5(*)%&D&$"2%*2%&)%-&#=*)"V&

�<27B3F�G�AC�U:7/:�G�0C?C3�7<A75<7/��./@/��6-&:5=$"&J*)02%8&+%&/5%N&%*&goke&D&9"D&

%*&)3(&/=%*2(&/"*&&#L+&)%&kddd&20%*)(+&

%*&fk&$(3+%+&)%& -"+& /0*/"& /"*20*%*2%+M&

5@/17/A� /� ACA� 2743@3<B3A� ;/@1/A�� ./@/��-(& #(5/(& $50*/0$(-M& /=%*2(& /"*& %+20-"+&

#=D&)04%5%*2%+&$(5(&%-&$WT-0/"&4%#%*0H

<=�� ;/A1C:7<=� 3� 7<4/<B7:�./@/� �=;3� 3A�-(&#(5/(& )%& J*)02%8& )%)0/()(& (-& 9":(5&

/"*& =*& %+20-"& #")%5& *"M& )%+2(/(*)"&

+=+& 2%F0)"+&72*0/"+&D&+=+&)0+%C"+&"50:0H

</:3A��./@/��72A�3A�:/�;/@1/�23271/2/�/�-"+&*0C"+&)%&d&(&gc&(C"+M&(*20:=(#%*2%&

--(#()(& I0))Ds+& '-(++P& J*)02%8& 2(#T07*&

)%)0/(&=*(&#(5/(&(-&#%5/()"&)%&-(&5"$(&

0*2%50"5& 4%#%*0*(M& AD+9"P& ;=+& )0+%C"+&

)%&/(5L/2%5&/L-0)"&+%&%820%*)%&2(#T07*&

(&$0F(#(+M&T(C()"5%+&D&(-:=*"+&/"#$-%

#%*2"+& )%$%*)0%*)"& )%& -(& 2%#$"5(H

)(P&1%)0/()"&(-&$WT-0/"&F"R%*M&%-&:5=$"&

/=%*2(&/"*& -(+&#(5/(+&Q%5+F>(M&,=--&t&

Q%(5&D&;25()0R(50=+M&/"*&%+20-"+&#=D&)0H

4%5%*2%+&%*25%&+3&$(5(&$")%5&(T(5/(5&(-&

#L80#"&-(&"4%52(&D&/"#$-(/%5&(&2")"+&

-"+&%+20-"+&)%&-(&#")(&F"R%*M&-(&#L+&%80H

:%*2%&D&/(#T0(*2%P&K&=*&*0R%-&#L+&/-LH

+0/"&D&/"*&$5%/0"+&#L+&%-%R()"+&+%&%*H

/=%*25(*&-(+&#(5/(+&)%&S(++0#"&1=220&

D&]2%5Ou%& Y& -(& W-20#(&#(5/(& 0*/"5$"H

5()(Z&P.%+20)"+&)%&*"/9%&D&(//%+"50"+&

A=UAB71/2=A�3<�3:�1/A=�23�)B3@?O3��"=�%+&*0*:W*&#0+2%50"&O=%&2")(&:5(*&/"#H

$(C3(&)%T%&+=&7802"&(&=*&:5(*&%#$5%H

+(50"M&D&%*&%+2%&/(+"&+%&)%T%&(&+=&)=%H

C"&D&/5%()"5&K#(*/0"&A52%:(&?("*(M&

/"*+0)%5()"&%-&2%5/%5&9"#T5%&#L+&50/"&

)%-&#=*)"&H$"5&)%25L+&)%&Q0--&?(2%+&D&

%-&#%80/(*"&'(5-"+&;-0#H&M/"*"/0)"&$"5&

+=+&/"+2=#T5%+&25()0/0"*(-%+&D&+=&/(H

5L/2%5&#=*)(*"&D&/%5/(*"P

6+& #=D& /"#W*& R%5-"& $"5& -(& 4LT50/(&

%*& K52%08"& F=*2"& (& +=+& %#$-%()"+& "&

$(+%(*)"& $"5& (-:=*(& )%& +=+& 20%*)(+&

/"#"&+0&)%&=*&/0=)()(*"&(F%*"&+%&25(H

2(+%P&;%&/"#%*2(&O=%&*"&20%*%&=*&)%+H

>/16=�U8=�G�?C3�AC�:C5/@�4/D=@7B=�3A�:/�

H=</�23�27A3L=�23�./@/�!C83@��:/�;IA%#T-%#L20/(&D&:%*=0*(&)%&+=+&+%//0"H

<3A��;/<17=�#@B35/�A3�23U<3�1=;=�=*& 9"#T5%& +%*/0--"M& $%5"& /"*& 0)%(+&

/-(5(+P& 6*& #=/9(+& "/(+0"*%+& 9(& /"H

#%*2()"&O=%&&-"&0#$"52(*2%&%*&-(&R0)(&

%+&#(5/(5+%& =*(+&#%2(+& D& /=#$-05-(+&

D& /"*+0)%5(& O=%& -(& (=2"/"#$-(/%*H

/0(& %+& %-& $%"5& )%& -"+& )%4%/2"+& %*& %-&

+%5& 9=#(*"P& 6+& O=0@L+& %+2(& 2%#$-(*H

@(& D& )%)0/(/0N*& -(& O=%& -%& 9(& --%R()"&

(&+%5&=*"&)%& -"+&%#$5%+(50"+&#L+& 0*H

VCG3<B3A�3<�3:�;C<2=��C<?C3�:/�23H/0+0N*& )%& *"#T5(5& /"#"& $5%+0)%*2%&

(& ,(T-"& J+-(& -%R(*2N& #=/9(+& /5320/(+&

D& )=)(+&)%T0)"& (& =*&$%53")"& %/"*NH

#0/"& $"/"& 5%/"#%*)(T-%& $(5(& /(#H

T0"+M& %-& +%C"5&A52%:(& +0:=%& +0%*)"& %-&

(-#(&)%& J*)02%8M& /"*& -(&#0+#(&$(+0N*&

D&)%)0/(/0N*&)%&9(/%&D(&md&(C"+P&;0*&

%#T(5:"M& -"+& %8$%52"+& )%& -(&#")(& D&

%#$5%+(50"+& )%-& 2%820-& +%& $5%:=*2(*&

/N#"& (-& $(+(5& )%& -"+& (C"+M& %+2%& :5=H

$"&/5%/%&(&$(+"+&(:0:(*2()"+&%*&R%@&

)%&)%/(%5&/"#"&2")(&%#$5%+(&"&#(5H

/(&)%)0/()(&(&%+%&%43#%5"& 4%*N#%*"&

--(#()"&#")(M&O=%&=*&)3(&2%&9(/%&%+H

2(5&%*&-"&#L+&(-2"&D&(-&+0:=0%*2%&$=%)%&

(55(+25(52%& (-& 50*/N*& )%& -"& )%+4(+()"P&&

$TF#&TLSHJ#)JFSXJ#%SEPEQT

K

[o

6+2(&0*O=0%2=)&9(/5%/0)"&%*&-"+&W-20#"+&

#%+%+&/"*&-(&+02=(/0N*&%/"*N#0/(&O=%&

R0R%&6+$(C(&D& %-& /"*20*%*2%& %=5"$%"M&

)%F(*)"&(&2")"+&T"O=0(T0%52"+&/"*&+=&

/5%/0#0%*2"&)%-&[[v&)%& -(+&R%*2(+&%*&

%-&W-20#"&(C"&[dg[M&(-&/"*25(50"&O=%&+=+&

/"#$%20)"5%+&)%-&+%/2"5P

;=&7802"&5%+0)%&O=0@L+&%*&R(50"+&4(/2"H

5%+&O=%&/"#T0*()"+&%*25%&+3&)(*&/"*&-(&

4N5#=-(&$%54%/2(P& J*)02%8&+%&/(5(/2%50H

@(&(*2%&2")"&$"5&+=&/(5L/2%5&)0*L#0/"&

D&/(#T0(*2%P&;=+&#(5/(+&*"& 0#$"*%*&

-(&#")(M&+%&()($2(*&(&%--(&"45%/0%*)"&

(-&/-0%*2%&=*&(T(*0/"&)%&$"+0T0-0)()%+&

#=D&(#$-0"M&2%*0%*)"&+0%#$5%&$5%+%*H

2%&O=%&O=0%*&/(#T0(&-(+&2%*)%*/0(+&%+&

%-&/"*+=#0)"5M&*"& -(&%#$5%+(P&6+&$"5&

%--"& O=%& 2")(+& -(+& 20%*)(+& )%-& :5=$"&

J*)02%8& --%R(*& =*& 50:=5"+"& +0+2%#(& )%&

R%*2(+M&(/2=(-0@()"+&)%&#(*%5(&)0(50(&

/=(*)"&/0%55(& /()(&/(F(&)%&/()(&=*(&

)%& +=+& 20%*)(+M& $(5(& %+2=)0(5& )%&#(H

*%5(&0*#%)0(2(&%-&/"#$"52(#0%*2"&)%-&

/"*+=#0)"5& /"*& 5%+$%/2"& (& +=+& )0+%H

C"+P& & ]*0)"& (& %+2%& 4(/2"5& +%& %*/=%*H

25(&"25"&)%&-"+&%-%#%*2"+&0#$"52(*2%+&

$(5(&%-&7802"&)%-&:5=$"V&-(&R%-"/0)()&)%&

5%+$=%+2(P&K)%#L+&)%&+=&0*/5%3T-%&+0+H

2%#(&)%& -":3+20/(&(=2"#(20@()"&D&#0H

-0#%25()"M&%-&:5(*&:5=$"&2%820-&25(T(F(&

(& =*& 502#"& O=%& +=+& /"#$%20)"5%+& *"&

$=%)%*&+%:=05P&6*&=*(&$(52%&)%-&#=*H

)"&+%&%+2L& 4(T50/(*)"& -(&/(#$(C(&)%&

0*R0%5*"&#0%*25(+&O=%&(-&"25"&-()"&)%-&

:-"T"&+%&4(T50/(& -(&)%&R%5(*"&)%-&(C"&

+0:=0%*2%P& ^"& 9(D& $5"T-%#(& )%& 2%*H

23<17/A�>=@?C3�:/�D/@732/2�3A�7<U<7B/��D& $%5#02%& 5%/0/-(5& #=D& 5L$0)"P& E]*(&

/(#0+%2(&*"& +%&R%*)%G&;%& 5%205(&D& +%&

R=%-R%& (& =+(5& %*& %-& #%5/()"& /"*& =*&

)%2(--%&/(#T0()"&"&+%&/(#T0(&)%&$(3+&

D&+%&/"-"/(&%*&-(+&$%5/9(+&&)%&=*(&/0=H

)()&)04%5%*2%P

ed

��>3A/@�23�?C3�:=�?C3�;C16=A�>C32/<�>3<A/@��./@/�G�3:�@3AB=�)%&-(+&#(5/(+&)%&%+2%&:5(*&:5=$"&*"&R%*)%&-(&#0+#(&5"$(&%*&

2")"&%-&#=*)"P&;=+&-3*%(+&D&/"-"5%+&+%&$(5%/%*M&$%5"&+=&/(H

$(/0)()&/(#(-%N*0/(&+%&()($2(&)%&#(*%5(&0*#%)0(2(&(-&$(3+M&

(& -(&/=-2=5(&D&(&-(+&*%/%+0)()%+&)%-&/-0%*2%&P&6+2"&9(/%&O=%M&

()%#L+& )%& -(& $%5+"*(-0@(/0N*& )%-& /"*+=#0)"5M& %80+2(& 2")(&

=*(& 5%)&)%&)04%5%*2%+& 20$"+M& 4"5#(+&D&/"-"5%+&)%&$0%@(+&%*&

2")"&%-&#=*)"&%*&/"*+2(*2%&5%*"R(/0N*&%&0*2%5/(#T0"M&O=%&

1=;07</2=�1=<�3:� � 4/1B=@�23� :/�3U1/17/� :=5KAB71/�?C3�<=;H

T5LT(#"+&(*2%50"5#%*2%&$%5#02%&(-&:5=$"&2%*%5&)%&2")"&%*&

/=(-O=0%5&#"#%*2"P

& J*)02%8& "45%/%& %*& +=+& %+2(T-%/0#0%*2"+& [hPddd& )0+%C"+& (-&

/L=�� 23� :=A� 1C/:3A� �� A3� D3<23<� 3<� ./@/�� AB=A� 2/B=A�/"55"T"5(*&-(&5($0)%@&)%&(/2=(/0N*&D&"5:(*0@(/0N*&)%*25"&)%&

:/�3;>@3A/��:�1=<AC;72=@�D3�C<�27A3L=�3<�C</�@3D7AB/�G�./@/�-"&$"*%&%*&+=+&20%*)(+&(-&)3(&+0:=0%*2%&)%&#(*%5(&0*#%)0(2(M&

)L*)"-%&(-&/-0%*2%&9"DM&-"&O=%&*%/%+02(T(&$(5(&(D%5P

6-&:5=$"&:(--%:"&*"&%+/(20#(&%*&:(+2"+M&+0%*)"&7+2%&"25"&)%&

:=A�3:3;3<B=A�1:/D3A�>/@/�AC�03<3U17=A=�4C<17=</;73<B=��:/�27AB@70C17M<�� /A�B73<2/A�23�./@/�3ABI<�3<�:=A�;38=@3A�>C<B=A�)%&/()(&/0=)()&H/"#"&%-&/(+"&)%&-(&a=0*2(&KR%*0)(&%*&̂ =%R(&

_"5>H&D&%*&2")"+&-"+&/%*25"+&/"#%5/0(-%+&#L+&-=F"+"+&)%-&:-"H

T"&w&/"#"&%-&#L+&:5(*)%&)%-&#=*)"M&S(--&"4&29%&6#05(2%+M&%*&

1=T(0HP&&1%&%+2%&#")"M&J*)02%8&+%&R%*)%&(&+3&#0+#"&/"#"&%-&

:5=$"&(//%+0T-%&D&$5L/20/"&$(5(&2")"+&-"+&$WT-0/"+M&(-:"&O=%&

$%5#02%&0*R%5205&#=D&$"/"&)0*%5"&%*&/(#$(C(+&$=T-0/02(50(+&

O=%&+%:W*&+=&105%/2"5&?%*%5(-&*"&*%/%+02(M&D(&O=%&p-(+&$5"H

>7/A�B73<2/A�A=<�:/�>C0:7172/2T��AB3�7;>3@7=�23�S:/�;=2/�@I>72/T�>/@313�B3<3@�3:�A31@3B=�23:�7802"M&/"#"&%-&+(*2"&:50(-&)%&-(&4(#(&D&%-&250=*4"&D& -(&%8/%H

-%*/0(&)%&=*&#")%-"&%#$5%+(50(-&(-&O=%&2")"+&O=0%5%*&0#02(5P&

Q*3@3;=A�/:5N<�2K/�3:�U<�23�3AB3�7;>/@/0:3�6C@/1I<�B3FB7:�

eg

:&*';)<'0(',%3&*2.620'0-'.3*06/,F.80'/0-'H.6/.*E6' 3.*.' -.' 7&%)6,/./' -.2,6.' 06'3.*2,7)-.*4&6+&=*&9%/9"&O=%&%-&#=*)"&20%*)%&&(&-(&:-"H

T(-0@(/0N*M& 4%*N#%*"&%*&%-&/=(-& -(&/"#=H

*0)()&-(20*(&%+2L&"/=$(*)"&=*&$($%-&#=D&0#H

$"52(*2%M&&2%*0%*)"&%*&/=%*2(&O=%&%+&'90*(&%*&

-(&(/2=(-0)()&=*(+&-(+&$"2%*/0(+&#=*)0(-%+&%*&

0*)=+250(M& /"#%5/0"& D& 2=50+#"n& +%& 9(/%& 0*)0+H

$%*+(T-%&$(5(&-(&/"#=*0)()&-(20*(&$5%$(5(5+%&

$(5(&/"#$%205&%*&%+2%&(=:%&)%&#%5/()"+P

"B)<'0('0-'#:L4'6-&'%*25"&)%&,5=%T(&)%&^0R%-& 6+$(C"-& %+& =*&

0*+202=2"&)%)0/()"&(& -(&/($(/02(/0N*&)%&%+2=H

)0(*2%+&2(*2"&*(/0"*(-%+&/"#"&%825(*F%5"+&%*&

%-&#(*%F"& )%&)0R%5+(+& -%*:=(+n& %+2"& %*& /""H

$%5(/0N*&/"*&%-&:"T0%5*"M&-(+&]*0R%5+0)()%+&D&

'"#$(C3(+&J*2%5*(/0"*(-%+P&

"B)<'/,10*067,.'.-'#:L'/0'-&('/0%A(',6(2,2)92&(';)0'&1*0706'0(20'2,3&'/0'(0*=,7,&(4;"#"+& %-& W*0/"& 0*+202=2"& %*& %-& +=5& )%& '90*(&

O=%&"45%/%& -(&%*+%C(*@(&)%&S(*)(53*&%*&6+H

$(C"-M&%+2"&)050:0)"&%+$%/0(-#%*2%&(&4(/0-02(5&%-&

($5%*)0@(F%&$(5(&-"+&90+$(*"9(T-(*2%+&$=%+2"&

O=%&*"&+%&$=%)%&)(5&$"5&9%/9"&O=%&2")"+&)"H

#0*(*&%-&J*:-7+P&&

"#$%&'1)67,&6.'0-'3*&+*.%.4;%& #(*%F(*& & :5=$"+& $%O=%C"+& )%& %+2=)0"M&

3AB=� >3@;7B3� V3F707:72/2�� 3<� :/A� 1:/A3A� >C3AH2"&O=%&+"*&-"+&%+2=)0(*2%+&-"+&O=%&)%/0)%*&%-&

9"5(50"&O=%&#L+&-%+&/"*R0%*%M&2(#T07*&%-&$5"H

:5(#(&$=%)%&)050:05&-(&%*+%C(*@(&)%&(/=%5)"&

/"*&%-&+%/2"5&%/"*N#0/"&%*&%-&O=%&%-&:5=$"&+%&

)%+%*R=%-R%P

O0.-%0620' 0(' 3&(,?-0' 3.*.' )6' -.2,6&' -&+*.*''/&%,6.*'0-'H.6/.*E64,"5&+=$=%+2"M&

/"*&=*&T=%*&+0+2%#(&)%&%*+%C(*@(&D&=*(&)0+H

/0$-0*(&5%:=-(5M&%+&$"+0T-%&$(5(&=*&90+$(*"9(H

T-(*2%&/"#=*0/(5+%&%*&S(*)(53*&)%*25"&)%&=*&:5=$"&

+"/0(-&%&0*/-=+"&9(/%5&*%:"/0"+P

"B)<'(0'*0;),0*0'./0%A('/0-',/,&%.'3.*.'7&%302,*'0d,2&(.%0620'06'0-'%0*7./&'&*,062.-4;%&+=%-%&$%*+(5M&%O=0R"/()(#%*2%M&O=%&T(+2(&/"*&)"H

#0*(5&%-& 0)0"#(&$(5(&+"+2%*%5&=*(&5%-(/0N*&/"#%5/0(&

%802"+(P&X"&O=%&%+&/0%52"&%+&O=%&-(&0*2%50"50@(/0N*&)%-&

$%*+(#0%*2"&)%&-"+&/-0%*2%+&D&$5"R%%)"5%+&$5"$"5/0"H

*(&(-&/"#%5/0(*2%&=*(&R%*2(F(& 0#$"52(*2%&+"T5%&+=+&

/"#$%20)"5%+P

6-&',^&&"45%/%&)%*25"&)%-&#0+#"&$5":5(#(&)%&S(*)(H

53*H%+$(C"-&=*&(/%5/(#0%*2"&(&-(&/=-2=5(&/90*(&-"&O=%&

4(/0-02(&=*(&R%5)()%5(&0*2%5(//0N*&%*&%-&/(#$"&)%&-"+&

*%:"/0"+P

"!/0%A('/0-'3*&+*.%.'/0'H.6/.*E69C(3.e&-D'0-'#:L'&1*070'.-+)6.'&2*.'.-20*6.2,=.4680+2%&2(#T07*&-(&$"+0T0-0)()&)%&%+2=)0(5V

J*:-%+&%*&%+$(C"-

'90*"&%*&J*:-%+&

'90*"&%*&<5(*/7+r45(*/7+&%*&'90*"P&&

'90*"&%*&L5(T%r&L5(T%&%*&'90*"P&

"

"

!%)(/2"5(V&6-0@(T%29&S"5(-%+&?(5@"*M&

B%&_=*&X%0

=*(+& $"/(+& 9"5(+& )%& )0+2(*/0(& )%-& /%*H

25"& )%& *%:"/0"+& YU0(*9%ZM& $")%#"+& %*H

/"*25(5*"+& /"*& =*(&#(5(R0--(&#%/L*0/(M&

%*25%& :502"+M& 50+(+& D& -(:50#(+& )%& %=4"50(&

%+2(&'90#%-"*:&,(5()0+%M&=*&$(5O=%&#%/L*0/"&(-&

#%F"5&%+20-"&)%-&#=*)"&)"*)%&*"&+"-"&%80+2%*&-(+&

(25(//0"*%+&$(5(&-"+&:5(*)%+&+0&*"&2(#T07*&$(5(&

/90/"+& -"+&/=(-%+&$=%)%*&:"@(5& -(&#0+#(&)0R%5H

+0N*&)%&-"+&()=-2"+&&$%5"&(&+=&#%)0)(P

;0& %+2L+& %*& & ?=(*:@9"=& )%& $(+"M& "& 5%+0)%+& %*&

%+2(&9%5#"+(&/0=)()&*"&$=%)%+&)%F(5&)%&R0+02(5&

'90#%-"*:& ,(5()0+%M& %+& =*(& %8$%50%*/0(& 2(*2"&

$(5(& -(+& 4(#0-0(+&/"#"&$(5(& -"+&:5=$"+&)%&(#0H

:"+&"&O=0@L+&$(5(&=*(&+(-0)(&5"#L*20/(&/(5:()(&

)%&()5%*(-0*(P

&

%

ec

>&*.*,&(X=*%+&(&.0%5*%+&VoVedHgfV&dd

;LT()"&D&1"#0*:"&VoVedHgoV&dd

:*07,&,5%/0"&/"#$-%2"V&!SQ&[dd&$"5&$%5+"*(

K*/0(*"+&D&^0C"+V&!SQ&gdd&$"5&$%5+"*(

^"/9%&)%&'(5*(R(-

1%&ghVdd&(&[gVdd&Y%*25()(&0*)%$%*)0%*2%&

%*&/()(&+LT()"&D&)"#0*:"M&!QS&gcd&$"5&

$%5+"*(Z

;BK^?BKJ

CDCEFGAGCH

eh

MUCHO PRESUPUESTO Y POCAS NUECES!"#6%#"';'."#6%-%#"'8"&'%26%'$%2':%'-"'$"&4'%&'-"2'2"-"2'

:%'.1&%9'.4$4'6"&6"2'8%.%2A'D%'="&'%26#%&":4'.)"6#4'3%-F?

.)-"2'%&'-"2'<)%'-42'%E%.642'%23%.1"-%2'24&'-4'$+2'1$34#?

6"&6%A

I4#'S&:#%2'("##1:4

'EMJNJMUTLd#)V1V#9TE#11#

,(5(#"=*2& ,0/2=5%+& 9(& )%/0)0)"M& /"*&

-(& +%/=%-(& ?PJP& \"%V& !%2(-0(20"*M& 0*R%5H

205&xged&#0--"*%+&%*&=*(&%890T0/0N*&)%&

(//0N*M&#W+/=-"M&%8$-"+0"*%+M&)0+$(5"+&

%&0*:%*0"+&2%/*"-N:0/"+&(-&+%5R0/0"&)%-&

#(-P& X(& $5%:=*2(& %5(& /=L*2"& 2(5)(53(&

Q5=/%& b0--0+& %*& O=02(5+%& -(& /(#0+%2(&

$(5(&%#$%@(5&(&9(/%5&F=+20/0(M&$%5"&D(&

3ABI� ;/G=@� G� >@3U3@3� >=A/@� 23� 97::3@�)%+%*/(*2()"&D&$5"4=*)"P&X"&/=50"+"&

G� A75<7U1/B7D=�23:� U:;� 3A� ?C3� 3:�;/:HD/2=�./@B/<�AC>:/<B/�/:�$@3A723<B3�23�-"+&66]]&D&/(+0&*()0%&+%&)(&/=%*2(M&2(*&

$"O=02(& %+& -(& )04%5%*/0(& %*& +=+& $"-320H

/(+P

9JSI#MHE#)UJLM#*NJcEF

b(5*%5& Q5"+PM& $"5& +=& $(52%M& +%& 9(&

T=+/()"& -(& 5=0*(& /"*& \(/>& 29%&?0(*2&

;-(D%5M& O=%& *"& 9(& /"*+%:=0)"& (25(%5&

(-&$WT-0/"&4(#0-0(5&O=%&$5%2%*)3(P&K/H

2"5%+&D&(/250/%+&:=($"+M&$%5"&+0*&$(H

+(5+%M&0*:%*0"+"+M&&$%5"&+0*&25(+4"*)"M&

D& #=/9"& /"#$=2()"5& (-& +%5R0/0"& )%&

%4%/2"+& %+$%/0(-%+M& )0:02(-%+& D& 250)0H

;3<A7=</:3A� >/@/�� /:� U</:�� 1=<A35C7@�#=/9"&#%*"+&)%& -"&O=%& /"*+%:=3(*&

-"+&9%5#(*"+&?50##&/"*&=*(&$-=#(M&

=*&20*2%50--"&D&=*&25"@"&)%&$($05"P

ef

.J]J

]*&$"O=023*&#L+&)%&%*F=*)0(&$(5%/%&

2%*%5&S(#(M&)%&K*)57+&S=+/90%220M&

)0+250T=0)(& $"5& ]*0R%5+(-& ,0/2=5%+P&

S(#(& $5%+%*2(& T(F"+& /"+2%+& )%&

$5")=//0N*M&/"#$(5()(&/"*&-(+&(*H

2%50"5%+&Y+N-"&xgm&#0--"*%+ZP&K=*O=%&

+%&9(&/5020/()"&%*&%--(&=*&:=0N*&#(-&

5%+=%-2"M& -"& /0%52"& %+& O=%& -(& 25(#(M&

(-5%)%)"5&)%&=*(+&*0C(+&+%#0+(-R(H

F%+M& $5"2%:0)(+& $"5& =*(& $5%+%*/0(&

4(*2(+#(-& (& O=0%*& --(#(*& y#(#(sM&

20%*%&#L+&R0+"+&)%&5%(-0)()&D&(25(/H

20R"&O=%&2")(+& -(+&+=$%5$5")=//0"H

*%+& (*2%50"5%+& /"*& +=+& :=%55%5"+M&

:0:(*2%+M& #(:"+& D& $50*/%+(+P& X"+&

()=-2"+& /"*& -"+&O=%& -"+&*0C"+& 20%*%*&O=%&R75+%-(+& %*&/=(*2"&(T(*)"*(*&

-(&+(-(&)%&=*&/0*%&2%*%#"+&$"/"&)%&#"*+25="+&)%&R0)%"F=%:"&(&-"+&O=%&+%&

$=%)%&#(2(5&R(50(+&R%/%+&$"5&$(*2(--(P&^"+&$(5%/%#"+&#L+&(&S(#(M&#%&

2%#"V&)%&2(*2"&$5"2%:%5M&#%2%#"+&#0%)"P

,b#MHE#)FEJM#JLQ#$TeEF_\N

X"+&O=%&+3&9(*&+(T0)"&)0+250T=05&+=&

#%5/(*/3(M&=*(&R%@&#L+M&9(*&+0)"&

-"+& (#0:"+&)%&b(-2&10+*%D&,0/2=H

5%+M&/"*&A@&29%&?5%(2&(*)&,"j%5H

4=-P& KO=3& -(+& %+/%*(+& :%*%5()(+&

$"5&"5)%*()"5&+"*&-"+&%4%/2"+&O=%&

:%*%5(*&(4%/2"+M&$%5"&*"&+"T5%R0H

R05L*&(-&20%#$"P

6*& 10+*%D& $(5%/%*& )0+$=%+2"+& (&

*"&)(5&5%+$05"&(&-(&0#(:0*(/0N*&)%&

*=%+25"+& 90F"+M& ($(T=--L*)"-(& /"*&

#"*+25="+& )%& )0+%C"& D& #=*)"+&

T(55"/"+M&)"*)%&-"+&#(-"+&+"*&2"5H

$%+&D&2"*2"+M&D&-"+&T=%*"+&+"*&#L+&

2"*2"+&2")(R3(M&(=*O=%&#%*"+&2"5H

$%+M& D& $"5& %+"& :(*(*& H$"5& %+"& D&

$"5O=%&9(D&O=%& (+%:=5(5&O=%& -"+&

$()5%+& -%+&/"#$5%*&(& -"+&*0C"+&%-&

1R1&D&%-&#%5/9(*)(+0*:&(+"/0()"&

/:�U:;�eo

FULL PACKING*&%-& L5%(&)%& -(& -":3+20/(& 0*2%5H

*(/0"*(-M& +"*& #=D& $"/(+& -(+&

%#$5%+(+&O=%&$%5#(*%/%*&)%&

$0%&$"5&(C"+M&$"5& 2(*2(&*=%R(&

/"#$%2%*/0(& O=%& +=5:%& )%& -(&

*()(&"45%/0%*)"&(-&/-0%*2%&%-%#%*2"+&)%&

-"+&/=(-%+&/(5%/%*&$"5&+=&4(-2(&)%&%8$%H

50%*/0(M&+"-"&-(+&+"-0)(+&0*45(%+25=/2=5(+&

$%5#(*%/%*&)%&$0%M&%-&)3(&)%&9"D&$(5(&

*=%+25(& +%//0N*& )%& %#$5%+(50"+& O=0+0H

#"+&%*25%R0+2(5&=*(&)%&-(+&&/"#$(C3(+&

O=%& +%& 9(*& /"*R%520)"& %*& 0/"*"& %*& %-&

#%)0"M&D&+%&9(*&)%+2(/()"&$"5&+=&+%5H

R0/0"&5%(-0@()"V&/"*&%8/%-%*/0(M&5%+$%2"M&

$%5"&(*2%&2")"&/"*"/0#0%*2"&%*&%-&#%H

)0"M&-(&)05%/2"5(&)%&<]XX&,K'IJ^?&*"+&

/"*2(5(&#(+&)%&+=& -(5:(&%8$%50%*/0(&D&

+=+&/-(R%+&$(5(&%-&$"+0/0"*(#0%*2"&)%-&

+%5R0/0"&/"*&7802"V&

!';)<'.2*,?)`0'3*,67,3.-%0620'0-'7*097,%,062&'/0'()'0%3*0(.46-&+%/2"5&'"=50%5&%+&-(&/-(R%&)%-&#=*)"&

)%& -"+& *%:"/0"+M& $"5O=%& +"$"52(& D& 4(H

/0-02(& -(& -":3+20/(&)%-&/"#%5/0"&%82%50"5M&

)0/9"&#L+&/"-"O=0(-#%*2%M&%+&-(&#(O=0H

*(50(&O=%&%#$=F(&D&(+0+2%&(-&/-0%*2%&%*&

%-&$5"/%+"&)%&)%+$(/9"&%&0#$"52(/0N*&

D&/"#"&2(-&)%T%&%+2(5&(&-(&(-2=5(&)%&-"+&

%+2L*)(5%+&0*2%5*(/0"*(-%+&)%&/(-0)()P

6-& -0)%5(@:"&)%&<=--& ,(/>0*:& %*&'90*(M&

%+2L&3*20#(#%*2%&R0*/=-()"&(&-(+&0*R%5H

+0"*%+&O=%&5%(-0@(#"+&/"*+2(*2%#%*2%M&&

+0%#$5%& /"*& %-& $5"$N+02"& )%& T50*)(5&

(& *=%+25"+& /-0%*2%+& #L+& 9%55(#0%*2(+&

$(5(&"$20#0@(5&+=+&5%/=5+"+P

6*& -"+&W-20#"+&(C"+& -(&%#$5%+(&9(& 0*H

R%520)"& 4=*)(#%*2(-#%*2%& %*& %-& )%H

+(55"--"&)%&-(&0*45(%+25=/2=5(M&+"#"+&-(&

W*0/(&/"#$(C3(&)%&/(5:(&(75%(&D&#(H

5320#(&/"*&0*+2(-(/0"*%+&)0+%C()(+&/"*&

/($(/0)()M& #(O=0*(50(& D& 2%/*"-":3(&

()%/=()(&$(5(&%-&25(2(#0%*2"&)%&2")"&

20$"&)%&#%5/(*/3(+P

"#)A-'0('0(.',61*.0(2*)72)*.4^=%+25(& T")%:(M& )%& #L+& )%& gcdd#2+&

1C/2@/2=A��<C3AB@=�>3@A=</:�1/:7U1/2=�D&%*25%*()"&$"5&(C"+&%*& -"+&$5"/%+"+&

)%& /"#$5(M& 0*+$%//0N*M& %#$(O=%M& %20H

O=%2()"&D&)%+$(/9"+P&6+2"+&%-%#%*2"+&

*"+& $%5#02%*& 5%(-0@(5& =*(& %8/%-%*2%&

-(T"5& %*& "50:%*M& O=%& $"+2%50"5#%*2%&

50*)%&+=+&45=2"+&%*&)%+20*"M&)"*)%&2(#H

T07*& 2%*%#"+& $(5(& 25(*O=0-0)()& )%&

*=%+25"+&/-0%*2%+M&-(+&0*+2(-(/0"*%+&()%H

/=()(+&D&%-&$%5+"*(-&0)N*%"&&$(5(&O=%&

%-&$5"/%+"&)%&*(/0"*(-0@(/0N*&+%&5%(-0/%&

/"*&7802"P

"B)<'2.6',%3&*2.620'0('-.',66&=.7,$6'06'5)--':.7f,6+4'"#"& -3)%5%+& O=%& +"#"+M& 2%*%#"+& -(&

"T-0:(/0N*& )%&#(5/(5& %-& /(#0*"&)%& -"&

?C3�A75<7U1/�3AB/@�3<�C<�>/KA�3FB@/<83H5"&D&9(/%5&*%:"/0"+&(&-(5:"&$-(@"P&

;%*20#"+&O=%&+"#"+& -"+& 5%+$"*+(T-%+&

)%&:=0(5&(&-(&0*)=+250(M&)(5&(&/"*"/%5&-(+&

$"+0T0-0)()%+&O=%&"45%/%#"+&%*&+%5R0H

/0"+&D&-(+&"$/0"*%+&5%)=/05&/"+2"+&%*&%-&

)%+(55"--"&)%&-(&/()%*(&-":3+20/(P&&

X(& 0**"R(/0N*& 9(& +0)"& %-& %F%& $50*/0$(-&&

)%-&7802"&)%&<=--&,(/>0*:P&,"5&%F%#$-"M&

%*& (C"+& (25L+& 0#$-(*2(#"+& D& $5%+%*H

2(#"+& -(& /"#$5%+0N*& )%& /(5:(& $(5(&

(D=)(5&(&*=%+25"+&/-0%*2%+&(&5%)=/05&-"+&

/"+2"+P&6*&$50*/0$0"&/"*+202=DN&=*&)=5"&

25(T(F"&R%*)%5& -(& 0)%(n& -"+&/-0%*2%+& 2%H

#%5"+"+&*"&+%&(*0#(T(*M&$%5"&:5(/0(+&

(&=*(&%8/%-%*2%&-(T"5&/"#%5/0(-&D&(&O=%&

$5"T(#"+&/"*&9%/9"+&-(&%4%/20R0)()&D&

2")(+& -(+& T"*)()%+& )%& %+2%& +%5R0/0"M&

%+2(&#")(-0)()&+%&$"+0/0"*N&%*&%-&#%5H

/()"& D& $5=%T(& )%& )0/9"& 7802"& %+& O=%&

9"D&%*&)3(&-(&:5(*&#(D"53(&)%&T")%:(+&

)%&/"-"#T0(*"+&%*&'90*(&()"$2(5"*&-(&

#0+#(&#%)0)(M&%+"&(-&/"*25(50"&)%&-"+&

O=%&#=/9"+&$%*+(53(*M&*"+&--%*(&)%&"5H

:=--"n& $"5O=%&O=0%5%&)%/05&O=%& 4=0#"+&

$0"*%5"+& %*& 0*+2(=5(5& =*&$5"/%+"&O=%&

9"D&5%(-0@(*&%*&#=/9(+&"25(+&T")%:(+P

K+3& #0+#"M& 9%#"+& 0*+2(=5()"& "25"&

20$"&)%&#(O=0*(50(&D&+%5R0/0"+&O=%&+"*&

*=%+25"&$-=+&%*&%-&#%5/()"M&2%/*"-":3(&

)%&$=*2(M&#%)0"+&#(:*720/"M&%2/P

!,"5V&'50+20(*&!%0*"+"

cd

5)--':.7f,6+'0(')6.'/0'-.('0%3*0(.'%A('6&%?*./.('062*0' �� ".';)<'/0?0'0(2&4U%*%5&=*(&(-2(&$(520/0$(/0N*&%*&%-&#%5/()"&)%&%8$"52(/0N*&

*"&+%&-":5(&)%&=*&)3(&$(5(&"25"P&^"&+%&25(2(&)%&--%:(5&(&'90*(&

/"*&=*&T=%*&/($02(-M&%+2=)0(5&%-&#%5/()"&=*&$(5&)%&+%#(*(+M&

/"#$5(5& -"+&%O=0$"+&O=%&R%(+&O=%&"25"+&=+(*&D&"45%/%5& -"&

#0+#"&O=%& -"+& )%#L+P& X(& %8$%50%*/0(& *"& +%& 0#$5"R0+(M& +%&

()O=0%5%&)3(&(&)3(P&6*&-"&$%5+"*(-M&+"*&f&(C"+&)%&%8$%50%*/0(&

%*&%+2(&/0=)()M&(25(R%+(#"+&D&R0R0#"+&2")"+&-"+&$5"/%+"+M&

/"#"&)053(*& %*& *=%+25"& $(3+M& 90/0#"+& %-& /=5+"& /"#$-%2"& D&

%*&%+2%&#"#%*2"&-"&O=%&9(/%#"+&%+&%+2(5&(&-(&R(*:=(5)0(M&

$%5#(*%/%5&(/2=(-0@()"+&%*&2")"+&-"+&2%#(+&/"*/%5*0%*2%+&

(-& /"#%5/0"& 0*2%5*(/0"*(-M& -":3+20/(M& #%5/()%"M& /"#$5(+& D&

)%#L+M&$(5(&T50*)(5&(&*=%+25"+&/-0%*2%+&=*&(#$-0"&$"52(4"H

-0"&)%& +%5R0/0"+n& %-&$50*/0$(-&)%&%--"+&%+& -(& +%:=50)()M& &$(5(&

:(5(*20@(5&O=%&/"*&*=%+25(& 2%/*"-":3(&%& 0*45(%+25=/2=5(M& %-&

2(-%*2"&9=#(*"M&&-(&%+2(*)(50@(/0N*&)%&$"-320/(+&D&$5"/%+"+M&

($%:()"+&(&-(&*"5#(20R0)()&)%-&$(3+&)%&"50:%*&D&)%&*=%+25"&

$(3+M& :(5(*20@(#"+&=*(& 5%)=//0N*&)%& /"+2"+& D& =*&$5"/%+"&

25(*+$(5%*2%P

"B)<'-&('/,10*067,.'/0'&2*.('0%3*0(.('7&-&%?,.6.(';)0'(0'/0/,7.6'.'&1*070*'-&('%,(%&('(0*=,7,&(4$/@/� 3;>3H/@� ?C73@=� /1:/@/@� ?C3� 3:�;3@1/2=� 3A� 7<U<7B=� G�A73;>@3�63�>3<A/2=�?C3�6/G�ACU173<B3�>/@/�B=2=A��;IA�/C<�3<�:/�/1BC/:72/2��1C/<2=�3:�VC8=�23�:=A�7<D3@A7=<7AB/A�1=:=;H

T0(*"+&O=%&R0(F(*&(&'90*(&20%*%&=*&/5%/0#0%*2"&(*=(-&0#$5%H

+0"*(*2%P

'0%52(#%*2%M& *=%+25"& R(-"5& (:5%:()"& %+& O=%& -%& "45%/%#"+&

(-& /-0%*2%& (+%+"5(5& D& :=0(5& UA1A& +=& $5"/%+"M& *"& 2%*%#"+&

(-0(*@(+&)%&*0*:W*&20$"M&*"&$"5O=%&*"&/5%(#"+&%*&%--(+M&+0*"&

$"5O=%&-(&%8$%50%*/0(&*"+&9(&)%#"+25()"&O=%&%+&#%F"5&2%H

*%5&%-&/"*25"-&(T+"-=2"&)%&2")(&-(&"$%5(/0N*&$(5(&%R02(5&0*H

/"*R%*0%*2%+M&+"-"&%+2(#"+&+%:=5"+&+0&-"&9(/%#"+&*"+"25"+&

#0+#"+P& S%& %8$-0/"M& /=(*)"& =*& %#$5%+(50"& --%:(& (& '90*(&

$5"T(T-%#%*2%&2%*:(&O=%&/"*25(2(5&-"+&+%5R0/0"+&)%&(-:=0%*M&

O=%& (& +=& R%@& +=T/"*25(2(& D& %+& (--3& )"*)%& $=%)%*& /"#%*H

@(5&-"+&0*/"*R%*0%*2%+M&$"5O=%&%*&%-&%R%*2"&)%&/"#%2%5&=*&

%55"5& "& O=%& +=5F(& (-:"& 0*%+$%5()"& %*& %-& $5"/%+"M& E(& O=07*&

(/=)05GM&E)%&O=07*&%+&-(&5%+$"*+(T0-0)()G&_&%+&%*&%+%&0*+2(*2%&

%+&)"*)%&/"#0%*@(&%-&/(-R(50"&)%-&/-0%*2%M&O=0%*&R(&)%&(O=3&

$(5(&(--L&%*&T=+/(&)%&=*(&+"-=/0N*&"& 5%+$=%+2(P&Ea=07*&%+&

%-&5%+$"*+(T-%G&,=%)%&+%5&%-&O=%&/"#$5(M&%-&O=%&%#$(/(M&%-&

O=%&)%+$(/9(M&-(&*(R0%5(&"&%-&O=%&*(/0"*(-0@(P&.(-"5(#"+&%-&

20%#$"&)%&*=%+25"+&/-0%*2%+&D&+=& 0*R%5+0N*M&%*&<=--&,(/>0*:&

*=*/(&2%*)5L*&%+%&$5"T-%#(M&$"5O=%&9%#"+&)0+%C()"&*=%+H

25"+&$5"/%)0#0%*2"+&)%&4"5#(&/05/=-(5P&

"B)<'=,060'3.*.'5)--'':.7f,6+46+2(#"+&#=D&/"*2%*2"+&/"*&-"&O=%&%+2L&$(+(*)"&%*&%-&#%5H

/()"& /"-"#T0(*"P& K9"5(& 2%*%#"+& =*& 5%)& )%& (+%+"5%+& /"H

#%5/0(-%+&(&*0R%-&*(/0"*(-M&O=%&T50*)(*&=*&($"D"&$5%R0"&(-&

R0(F%&(&'90*(&"&&(+%+"5(*&(-&0*R%5+0"*0+2(&/=(*)"&R(&(&5%(-0@(5&

=*(&/"#$5(&(&)0+2(*/0(M&/"*&$5%+%*/0(&%*&-(&$50*/0$(-%+&/0=H

)()%+& /"#"&Q":"2LM& '(-0M&S%)%--3*M& ,%5%05(M& Q=/(5(#(*:(M&

^%0R(M&'(52(:%*(&D&<-"5%*/0(P&?(5(*20@(#"+&(&*=%+25"&/-0%*H

2%+&2%*%5&(&-(&#(*"&=*&(+%+"5&0*2%:5(-&O=%&:=0(5L&)%&#(*%5(&

$5"4%+0"*(-&/=(-O=0%5&)=)(&O=%&+=5F(&%*&%-&/(#0*"&D&2")"&-"&

5%4%5%*2%&(&/N#"&0#$"52(5&)%&'90*(P

6*&/=(*2"&(&-(&0*45(%+25=/2=5(M&%+2%&(C"&0*R%5205%#"+&%*&*=%H

R(&#(O=0*(50(&$(5(&"$20#0@(5&-"+&20%#$"&)%&0*+$%//0N*M&%20H

O=%2()"& D& %#$(O=%M& D(& O=%& :5(/0(+& (& O=%& -"+& R"-W#%*%+&

)%&#%5/(*/3(&%*&*=%+25"&)%$N+02"+&(=#%*2(*&)3(&(&)3(M&)%H

T%#"+&2(#T07*&/"*20*=(5&()%/=(*)"&*=%+25(+&0*+2(-(/0"*%+&

$(5(& %+2(5& (-& )3(& /"*& -(& %80:%*/0(+&)%-&#%5/()"&D&)%& %+2(&

#(*%5(& +%:=05& +0%*)"& 5%/"*"/0)"+&$"5&*=%+25(& %4%/20R0)()&

%*&-(&$5%+2(/0N*&)%-&+%5R0/0"P

&

:&*'g-2,%&D'"B)<'-0'*07&%06/.*E.'.'6)0(2*&('-072&*0(';)0'(&6'7&%0*7,.620('&'.+0620('7&%3*.(';)0'=,=06'06'#@,6.D'7&6'*0(3072&'.'-.'(0-077,$6'/0'-.'0%3*0(.'/0'-&+E(2,7.'3.*.'@.70*'()('06=E&(4�<�>@7;3@�:C5/@��?C3�D3@7U?C3<�:/�3F7AB3<17/�:35/:�23�:/�3;H

$5%+(& O=%& -%+& "45%/%& %-& +%5R0/0"M& 2(*2"& %*& '90*(& /"#"& %*&

'"-"#T0(M&%+"&-%+&)(5L&25(*O=0-0)()P&6*&+%:=*)"&-=:(5M&O=%&

0*R%+20:=%*&(*2%/%)%*2%+&)%&-(&%#$5%+(M&$%5"&O=%&*"&+%&)%H

F%*& --%R(5&$"5&/"#%*2(50"+&#(-& 0*2%*/0"*()"+&"&%*R0)0"+"+M&

$%5+"*(-#%*2%& 5%/"#0%*)"& $%)05& 5%4%5%*/0(+& /"#%5/0(-%+M&

%+&)%/05M&9(T-(5&/"*&$%5+"*(+&O=%&%*&%-&$(+()"&9(D(*&25(T(H

F()"&/"*&)0/9(&/"#$(C3(&D&$=%)(*&)(5&=*&/"*/%$2"&T(+()"&

%*&+=&$5"$0(&%8$%50%*/0(P

<0*(-#%*2%&5%/"#%*)(53(&/"*"/%5&-(+&0*+2(-(/0"*%+&D&%-&$%5H

A=</:�23�:/�3;>@3A/�/�:/�?C3�D/<�/�1=<U/@�AC�7<D3@A7M<��=�:/�)%&+=+&/-0%*2%+&%*&%-&/(+"&)%&-"+&25()0*:&"&(:%*2%+&)%&/"#H

$5(+P&K+3&+%&9(5L*&=*(&0)%(&)%&-(&#(:*02=)&)%&)0/9(&%#$5%+(&

D&+=&/($(/0)()&)%&/(5:(P

,(5(&=*&'"=50%5&"&%#$5%+(&)%&25(*+$"52%&D&-":3+20/(M&%+&0#H

$5%+/0*)0T-%& 2%*%5& =*"+& #3*0#"+& )%& 0*45(%+25=/2=5(P& ,(5(&

5%(-0@(5&=*&%8/%-%*2%&25(T(F"&D&)(5-%&=*&T=%*&25(2(#0%*2"&(&-(&

0*R%5+0N*&)%-&/-0%*2%&-"&/"*+0)%5"&TL+0/"

G,-' 3#4.%24' .4$1%&*"9' 2%' :%2"?

##4--"';'6%#$1&"'.4&'&4246#429'"2F'

@"#"&61*"$42'--%8"#-4'"'."/4'.4&'

T>164H

cg

'BJ^A&;JS,XJ<J'K1AV�ŋŁĘËʥ��'BJ^A&U!K1J'JA^KXV�ŋeŁĘËʥ��SK^1K!J^&,J_J^?V� IXB;N<WI�85>UMIQB�

*& -(&/0=)()&)%&?=(*:@9"=M&+%& -%R(*2(&=*(&#")%5*(&

/"*+25=//0N*& -(& /=(-& & 2=R"& 0*0/0"+& %*& (T50-& )%& [dd[&&

/=(*)"& -(& "5:(*0@(/0N*& 0*2%5*(/0"*(-& & %*& '90*(& $"5&

;327=�23�C<�1=<1C@A=�23�/@?C7B31BC@/�1=<D=1=�/�U@H;/A�B/:3A�1=;=��==>��7;;3:0��&3;��==:6//A�G�./6/�1/2/�=*"&)%+(55"--N&)0+%C"+&)%2(--()"+&D&%*&*"R0%#T5%&)%-&[dd[M&

S2=0:3�>732@/T�=�S2=C0:3�>300:3T�23�./6/��/272�A3�/<C<H/0N&:(*()"5&D&-(&/%5%#"*0(&+%&--%RN&(&/(T"&(&$50*/0$0"+&)%&

[ddmP

6-&2%(25"&+%&9(&)%+2(/()"&/"#"&%-&#(D"5&)%-&+=5&)%&'90*(&D&

%+&=*"&)%&-"+&25%+&#(+&:5(*)%+&)%&%+2(&$"2%*2%&*(/0N*&F=*H

2"&(&Q%0F0*:s+&^(20"*(-&?5(*)&U9%(2%5&D&;9(*:9(0s+&^(20"*(-&

?5(*)&U9%(2%5P&

6-& $5"D%/2"& /"+2N& gefd&#0--"*%+& )%& D=(*%+& (-5%)%)"5& )%&

x[dd&#0--"*%+&)%&)N-(5%+&K#%50/(*"+P&,")53(#"+&)%+/50T05&

-(&%+25=/2=5(&/"#"&=*&/50+2(-&(*/-()"&%*&=*&#(5/"&)%&$0%H

)5(&O=%&+%&(T5%&$(+"&%*&-(&50R%5(&)%-&50N&-(&$%5-(&F=*2"&(&"25(+&

#")%5*(+&%+25=/2=5(+&/"#"&%-&2%(25"&#")%5*"&D&-(&4(*2L+H

20/(&2"55%&)%&-(&/=(-&9(T-(#"+&%*&*=%+25(&$50#%5(&%)0/0N*P

~ąX(20*"& -%& 9(/%& =*& %+$%/0(-& 5%/"*"/0#0%*2"& (& 2")"& %-&

%O=0$"&O=%&25(T(F(&(5)=(#%*2%&$(5(&"45%/%5&/()(&4=*/0N*&

%+$%/2L/=-"+& )%& /(-0)()& (& -(& /"#=*0)()& (#(*2%& )%-& (52%&

%+/7*0/"&%*&%+2%&+=&+%:=*)"&(*0R%5+(50"&O=%&/=#$-%&*=%+H

25(&z,6!K&BA];6&%*&#(D"n&<%-0/02(/0"*%+&D&:5(/0(+&$"5&+=&

25(T(F"l

&

ɖȈȊɲlŊŤɭŠ�ŠǷł¥i

�:� $@3A723<B3� 23:� �C/<5H6=C�#>3@/� �=CA3� .6/<5� -C� 6/�$5"*=*/0()"& =*(+& $(-(T5(+& )%& +(20+4(//0N*& D& :5(202=)& (-&

1C;>:7@�1=<�3:�'35C<2=�/<7D3@A/@7=�23�3AB/�;/5<7U1/�1=AH25=//0"*&)"*)%&(+%:=5"&O=%&%+&-(&#(+&:5(*)%&)%-&+=5&'90*"M&

D&*=%+25(&5%R0+2(&O=0+"&/"#$(5205-(+&/"*&*=%+25"+&-%/2"5%+&

/90*"+&O=%&-%%*&%+$(C"-V

ȸç�Ƙ�ƚÂǷȻëɖǏȿƖķƍ�ȚƁƋǷȝÛŬĈbɊñǷËʥl�ƘʎƍɊñČŅwêũȧǷƁÔ°Ɇb�ŉ�ƓlŋŁĘËʥʀƘ|÷ŉǷɧɻbĈƯlŨ¥�Ëʥʥʝl¥�~ąİĕƁÔʪăɋ�ʝlǌŞǿŤÐúŤǑ�ŝlðŨ�´£öłpɴlÃ�Ľ�ŋŁʃő ĘČŅǷ°ɆxƣŢb

GUANGZHOU OPERA HOUSE

IUR'!RVDWVSB'R,VBUDU

!4#6%21"'=663XYY@*:7;A4#@

!

c[

ŋŁĘËʥ¥�~ątĘąīȡËʥ�pl�´ƅǷʁɉȘǪƪŕŧ�~ąƁÔ£ÈżʮǷÊƿʢĉbĈ²ǷÙrĻ·~´�ȝȋǷŴŖvlĈƁÔʍaŋ{ǽğǽžŏúŋŁŅğŅžŏǷʲıúŻųvlŨ��_ȓɶǧtɝlï¥ǈǐëlŹŭ{Ü�lʭó´yǲ`�ËʥŪǳĥ¢lĘȴŶȟ~ąËʥȣɉȘǪƅƪŕlŧÎƀïąʣą¼îȚ�ÒƁÔɳǋlŮʉǏȿ�zʙlŷ�´ǩȻëȿƖȝülÑÌ¨ŋŁĘËʥŧ�yǲîąȿƖīŝóŚ�Ƿ~ąÛÜƒʽȿƖưďb�ĘËʥȸŔŇ�ƘlńȣuǏ�·Ƕ¤Ċą¼ĕƲňpǄǷƭËaɀɏȻa�ý�ú~ąŦËaŦƐ§¥lŖʄ�ĘůyǲȡĘņñălŋŁĘËʥąʣą¼ȿƖʱʟăǷɔÅ~ȪƌǬǭbĈàŉyǲȣ»ʯ�ËcĞĞûõid~ƁǞʵʬ�ƻȒ�ʺǷą¼ŅĊlŋŁĘËʥʆǏtÙ�ĊǷŧÎĎȃul�ŉĳȤȥǢuŨ�ʪăűɳÈ¥Ƿápʍȣ»Ì¥ʯ�Ëcǡd~ƁǞbÞȣ|ŉɹÓȮȯźȐlŋŁńȣŧ�úÕ�auǅ˂ɶȭȓǷtĘǏȿʎŅ�plƮĈŹŭ¸ðĨǦǿ_ɠ~ąŧ�yǲǷȻëlɠyǲŧ�~ąǷȻë`ǷĤĘťƏb�ŽǾƕƘl�ʒʊʅl¨ùȽŃȭ°ɆbŨɗŝȉťlŋŁĘËʥw��ĈĕɜřŕuƍpőƚÂǷȿƖœȗlƑȶĈ¼Ĭúȝȋuŧ�ÛÜÖč�ȹ~ąƁÔÆƅǷpÅÐÌǓɸapƆȰɰħĉapőȶėÆʉśĖƁÔƣŢúȿƖĜʇǷ ĘąʣȻëi�]]ŋŁĘËʥʥʝŗĢȺɺ !"#$#%"&'&

(-4#;'/;'N"--%6':)'(#"&:'W=%"6#%'

:%'(%&%8%(7;3 ��ŉmƓcHmƉj÷·Ɖk��$:/13 #>3@/��/::��?=(*:@9"=&A$%5(&B"=+%&

$@713 ��

Z1"?[)4\2'V&'W#4)/-%

�$'! �� -��.(��*'��&��! �*!+��&&��.�("1#).�U3%#"'04)2%'

�+$�! ��

W=%'(#"&:'K"&.%'K#"$"'(4::%22'

"&:'6=%'K#%"$%#'/;']=%&@*=4)'

D4&@'^'K"&.%'W=%"6#%�$'! ��ŉ�Ɠ��Ɖj÷·Ɖk��&��! �*!+��&&��.�("1#).��*!+��).,!�$@713 ��

�+)$,!'!(-��!,-$/�&��$(2��0�!1%'D%&2'K%22)2'K%224)2(7;3 �� @7��'/B��>;�$:/13 �F>3@7;3<B/:�(63/B@3��C/<5H@9"=&A$%5(&B"=+%&

$@713 ��

M%6#434-16"&'U3%#"\2'K18"'D43#"&4'

R%&%%'C-%$1&@'R%.16"-'!4&.%#6(7;3 �� @7��>;�$:/13 #>3@/�B(--M&?=(*:@9"=&A$%5(&B"=+%&

$@713 ��

V'D4-1261'P%&%61'(7;3 �� (6C��>;�$:/13 #>3@/��/::��C/<5H6=C�#>3@/�B"=+%&

$@713 ��

N%26'4E',:1&/)#@='C%2618"-'C#1&@%X'

W=%'S&1$"-2'"&:'!=1-:#%&'W445'64'

-#!��-+!!-,��0��(7;3 �� R��@7��'C<��>;�$:/13 �F>3@7;3<B/:�(63/B@3��?=(*:@9"=&A$%5(&B"=+%&

$@713 ��S"5%

“El verdadero diseñador nace”Entrevista a Carmen Guzmán!4&.="'("#.F"'S.%8%:4

C4642X'_)"&'["8%#:%

71/AA=�278=��S�(=2=�:=�?C3�>C32/A�7;/57</@�3A�@3/:T��K+3&%+&/"#"&+%&+0%*2%&=*"&(-&%*25(5&%*&-(&/(+(&)%&

'(5#%*&?=@#L*M&(520+2(&)%&/"5(@N*&D&)0+%C()"5(&

$(5(&-(&/"*"/0)(&#(5/(&)%&5"$(&6#=&%*&'90*(P&U"H

)"+&D&/()(&=*"&)%&-"+&50*/"*%+&)%&+=&/(+(&/=%*2(*&

=*(&90+2"50(&)04%5%*2%M& %*& -(&O=%&/"*R0R%*&T"-+"+&/"*&/=(H

)5"+&F=*2"&/"*&0#L:%*%+&)%&(*0#(-%+&)0+%/()"+&()%#L+&)%&

)0R%5+(+&#(5(R0--(+&)%-&(52%&25()0/0"*(-&/90*"&%*&=*(&(5#"*3(&

)%&/"-"5%+&D&4"5#(+&/"#"&+0&)%&=*&T")%:N*&R0R"&+%&25(2(+%P&

'(5#%*& ?=@#L*& 9(& 25(T(F()"& $(5(& #(5/(+& /"#"& X"%j%M&

;j(5"+>0&"&.0/2"50"&t&X=/90*"&%*25%&"25"+P&6-&(#"5&-%&25(F"&(&

?=(*:@9"=&$(5(&R0R05&=*(&(R%*2=5(&D&)%&%+"&9(/%&D(&h&(C"+&

P&6-&)%+20*"&D&-(&)%)0/(/0N*&-%&9(*&--%R()"&(-&7802"&%*&%-&;=5&

)%&'90*(&D&%*&-(&(/2=(-0)()&%+2L&5%(-0@(*)"&-(&/(#$(C(&)%&+=&

$5"$0(&/"-%//0N*&%*&-(&4(#"+(&/"#$(C3(&)%&&5"$(&%*&%-&;=5&

)%&'90*(M&6#=P&6+2(&#(5/(&)%&5"$(&$(5(&FNR%*%+&#")%5*(+&

*(/0N&%*&[ddg&%*&?=(*:@9"=&D&%*&-(&(/2=(-0)()&/=%*2(&/"*&

#L+&)%&[d&20%*)(+&%*&2")(&-(&$5"R0*/0(P

?"*:&@9="&X(20*"&"45%/%&(&+=+& -%/2"5%+&=*(&%*25%R0+2(&%8H

1:CA7D/��3<�1=<U/<H/��23�BN�/�BN�G�3<�C<�/;073<B3�/;3<=�3<�%-&O=%&9(T-(#"+&/"*&%--(& +"T5%& 2%*)%*/0(+M&#")(&/90*(M& D&

-(&R0)(&)%&=*&(520+2(&90+$(*"&%*&%-&/"*20*%*2%&(+0L20/"&%*25%&

"25(+&/"+(+P&1%+/WT5%-"&(&/"*20*=(/0N*P&

$

gPEa=7&2%&25(F"&(&'90*(G

1%+)%&#=D&F"R%*&+0%#$5%&#%&:=+2N&%-&2%#(&)%&R0(F(5&D&)%&

/"*"/%5&#=*)"P&'=(*)"&#%&)%)0/(T(&(&-(&#")(&%*&6=5"$(&

R0(F(T(&#=/9"&$(5(&(/=)05&(& &4%50(+&)%&(52%&D&#")(P&6*&=*&

(R0N*&,(53+H&S()50)&/"*"/3&(&=*&/90/"&/"*&*%:"/0"+&%*&'90H

</�?C3�;3� 1/CB7DM� :=� ACU173<B3� 1=;=�>/@/� A35C7@:=� 6/AB/�(O=3P&6#$%@N&/"#"&=*(&(R%*2=5(&D&(/(TN&(O=3M&+0%2%&(C"+&

)%+$=7+P&&

[P&Ea=7&%+&-"&#L+&)=5"&)%&+%5&=*(&)0+%C()"5(&%825(*F%5(&%*&

'90*(G

/�27U1C:B/2�23:�727=;/�G�:/�2743@3<17/�1C:BC@/:�3A�:=�;IA�2C@=�)%-&)3(&(&)3(M&$%5"&/5%"&O=%&%+&(-:"&#=D&*"5#(-&$(5(&/=(-H

O=0%5&"25"&$5"4%+0"*(-&)%&"25"&/(#$"&%*&/=(-O=0%5&$(3+&*"&

"//0)%*2(-P&&

��Q-�:=�;IA�5@/B7U1/<B3�X(+&-0T%52()%+&O=%&2%*:"&$(5(&/5%(5M&$(5(&*=2505#%&/"*+2(*H

2%#%*2%P&U5(T(F(5&%*&=*&$(3+&%*&%-&O=%&2%*:"&-(&"$"52=*0)()&

)%&05&(&#%5/()"+&)%&2%-(+M&(//%+"50"+&"&(&4LT50/(+n&-(&(//%+0H

T0-0)()&$(5(&&$5"T(5&2%F0)"+M&R%5&-(&4(T50/(/0N*&%*&%-&#"#%*2"&

%2/P&&6+2%&20$"&)%&/"+(+&%*&6+$(C(&"&6=5"$(&*"&-(+&20%*%+&D&

($"52(*&/(-0)()&(-&(520+2(Pcc

cP&'"#"&D(&9%#"+&/"#%*2()"&(-&$50*/0$0"M&%*&%+2%&#"#%*H

2"&%+2(+&5%(-0@(*)"&-(&$5N80#(&/"-%//0N*&$(5(&-(&/()%*(&)%&

@=>/� �;C� G� 23A23� .6=<5��C=� /B7<=� ?C3@3;=A� 2/@B3� :/�%*9"5(T=%*(PEa=7&/5%%+&O=%&$=%)%&($"52(5& =*&$=*2"&)%&

R0+2(&#%)02%55L*%"&/"#"&%-&2=D"&(&-(&#")(&/90*(&"&(+0L20/(G&

S=/9(+& :5(/0(+l& X(&#")(& /90*(& 20%*%& -(& /(5(/2%53+20/(& )%&

/2?C7@7@�2743@3<B3A�7<VC3<17/A�23�;C16/A�1C:BC@/A�1=;07</HT-%+&%*25%&+3M&/"*&-"&O=%&%+2L&2"2(-#%*2%&(T0%52(&(&$=*2"+&)%&

R0+2(&%82%5*"+M&/"*&0)%(+&O=%&+%(*&/($(/%+&)%&/"#T0*(5&+=&

B@/2717M<�G�AC�;=23@<72/2��C</�;=2/�?C3�23U</�AC�1C:BC@/��3<�1=<AB/<B3�1/;07=�>3@=�A73<2=�U3:3A�/�ACA�1=ABC;0@3A��'5%"&O=%&6#=&R(-"5(&-(&#")(&9%/9(&/"*&=*(&T(+%&(523+20/(M&

/"*&=*(&"50:0*(-0)()&D&+"T5%2")"&/"*&=*(&45%+/=5(&O=%&+%&

*"2%&)%+)%&%-&$50#%5&#"#%*2"&%*&O=%&%*25(+&%*&+=&20%*)(M&D&

%+"&%+&-"&O=%&T=+/(T(*&(&25(R7+&)%&&'(5#%*&?=@#L*P

mP&E'N#"&%+& -(&#")(&(+0L20/(G&6+&#=D&)04%5%*2%&(& -"&O=%&

*"+"25"+&/"*"/%#"+P&X"+&$(*2(-"*%+&+"*&&#L+&/"52"+&D&-(+&

25(*+$(5%*/0(+&*"&20%*%*&#=/9"&7802"M&%*&/(#T0"&+0&-"&20%H

*%*&&-"+&T50--"+M&-(+&$=5$=50*(+&%2/P&

6*&/=(*2"&(&-"+&/"-"5%+M&+"*&R0R"+M&/"*&#=/9"+&/"*25(+2%+P&

�;C�B@/3�/6=@/�:=�N:B7;=�3<�VC=@�G�1=:=@3A�4@3A1=A�1=;=�3:�*(5(*F(&"&%-&/%-%+2%&(=*O=%&+0&%+&/0%52"&O=%&#0&-3*%(M&6#=&TD&

'(5#%*&?=@#L*M&20%*%&/"-"5%+&#L+&/L-0)"+&D&2%*=%+P

&kP&E'N#"&%+&=*&)3(&)%&25(T(F"&$(5(&'(5#%*&?=@#L*G&

1%+)%&O=%&#%&-%R(*2"&%#$0%@"&(&)(5-%&R=%-2(+&(&#0&/(T%H

@(&(523+20/(P&6*&"/(+0"*%+&R"D&(& -"+&#%5/()"+M&$"5O=%&#%&

:=+2(&R%5&2")"&)%+)%&%-&#0*=2"&=*"&)%&/5%(/0N*&D&+%*205&%-&

(#T0%*2%M&$(5(&-=%:"&05&(&)0+%C(5&(-&%+2=)0"&%*&U0(*9%M&)"*H

)%&#%&0*+$05"&D&/"#$(52"&0)%(+&F=*2"&/"*&#0+&/"#$(C%5"+&

)%&%O=0$"P

X-%:"&(&/(+(&D&+0:"&/5%(*)"M&$%*+(*)"M&/"#T0*(*)"P&U")"&

#0&)3(&+%&T(+(&%*& -(&/"-%//0N*&&O=%&%+27&)%+(55"--(*)"&%*&

%+%&#"#%*2"&D&%*&+=&%R"-=/0N*P

&hP&E&K&O=7&9(+&2%*0)"&O=%&5%*=*/0(5&/"#"&)0+%C()"5(G&K&

--%R(5&=*(&R0)(&*"5#(-M&/"*&%+"&O=%&--(#(*&R(/(/0"*%+&Y50H

+(+ZM&=*&)3(&(&)3(&)%&=*&/0=)()(*"&/"550%*2%P&;%5&(520+2(&%+&

+(T%5& /=(*)"&%#$0%@(& 2=& +%#(*(M&$%5"&*"& +(T%5& /=(*)"&

(/(T(&2=&(C"P

&fP&K&*0R%-&%/"*N#0/"&-"+&%8$%52"+&&D&-"+&9%/9"+&($=*2(*&&(&

�67</�1=;=�3:�>/KA�3<�23A/@@=::=�;IA�>=23@=A=�3�7<VCG3<B3�)%-&#"#%*2"P&E'5%%+&O=%&+%&$=%)%&25(+-()(5&2(#T07*&%+2(&

/(5(/2%53+20/(&%*&%-&L#T02"&)%&-(&#")(G

X(&%/"*"#3(&D& -(&#")(&*"& 20%*%*&*()(&O=%&R%5M& +"*&)"+&

/(#$"+&O=%&*"&R(*&)%&-(&#(*"M&/"*&-"&O=%&%-&7802"&)%&=*"&

%+& 0*)%$%*)0%*2%&)%-& "25"M& +0& 9(T-(#"+&)%&#")(& (523+20/(&

%*&+3P

X"&O=%& +0& %+& /0%52"M& %+&O=%& %-& (52%& /90*"& %+& =*& 2%+"5"&)%&

R(-"5& 0*/(-/=-(T-%&$(5(&%+2%&$(3+&D&$(5(&%-& 5%+2"M&+05R0%*)"&

)%&4=%*2%&)%&0*+$05(/0N*&D&()#05(/0N*&$(5(&#=/9"+&(520+2(+&

/"#"&D"M&O=%&)%+)%&#=/9"&(*2%+&)%&R%*05&(O=3&#%&+%*23(&

(25(3)(&$"5&+=+&4"5#(+&D&/"-"5%+&P&,=%)%&&O=%&(9"5(&/"*&%-&

:5(*&)%+(55"--"&%/"*N#0/"&)%-&$(3+M&-(&:%*2%&+%&+0%*2(&#L+&

(25(3)(&$"5&+=&(52%&D&+=&#")(P&&

oP& Ea=7&)04%5%*/0(&%*/=%*25(+&%*&%-&#%5/()"&)%& -(&#")(&

/90*(&/"*&5%+$%/2"&(-&#=*)"&-(20*"&%&90+$(*"G&&X(&)04%5%*H

/0(&#L+&/-(5(&O=%&*"2"&D"&+%&%*/=%*25(&%*&%-&2(--(F%&P&]*(&8+&

)%&/90*(&&(&=*(&%+$(C"-(&"&-(20*"(#%50/(*(&-%&--%:(&$"5&-(+&

5")0--(+&Y50+(+ZP

Q5"#(+&($(52%M&-(&/=-2=5(&90+$(*(&%+&#=D&(#(*2%&)%-&%+/"H

B3�G�23�:/�3A>/:2/�23A1C073@B/�;73<B@/A�?C3�:/�167</�>@3U3@3�5%/"52(5& %*& -"+& +9"52+& D& (C()05& R"-(*2%+& $%5"& %-& %+/"2%& "&

-(+& 25(*+$(5%*/0(+&*"& +=%-%*& +%5&#=D&R0+2"+"+P&6*&/=(*2"&

(&/"-"5%+&2(#T07*&+"*&)04%5%*2%+M&$%5"&%+"&5%+$"*)%&(&=*(&

)04%5%*/0(&/-(5(&)%&/=-2=5(M&*"&+"-"&%*25%&%-&#=*)"&90+$(*"&

D&'90*(M&+0*"&%*25%&2")"+&-"+&$(3+%+&)%-&#=*)"P&&gdP&E&a=7&

/"*+%F"& -%&)(53(+&(&%+"+& FNR%*%+&)0+%C()"5%+&O=%&O=0%5%*&

%#$%@(5& +=& /(55%5(& (523+20/(& %*& %-&#=*)"&)%& -(&#")(& %*&

%+2"+&#"#%*2"+&G

K-&R%5)()%5"&)0+%C()"5&"&)0+%C()"5(& -%&)0:"&O=%& -=/9%&D&

O=%&+%&-"&/5%(P&_"&)%+)%&$%O=%C(&#%&R%3(&F=:(*)"&/"*&#0+&

#=C%/(+&/"#"&=*(&$5"4%+0"*(-M&/"#"&=*(&(520+2(&D(&9%/9(P&

6-&2%#(&)%&-(&#")(&D&+"T5%2")"&)%-&(52%M&%+&)0(50"&D&/"*+H

2(*2%P&&^"&25(T(F(+M&-"&R0R%+&[c&9"5(+P&^=*/(&9(+&)%&$(5(52%P&

B(@&)%&/"*R%5205-"&&%*&=*&R%5)()%5"&R0/0"P

�3A23�.6=<5C=� /B7<=��<C3AB@/�;IA�A7<13@/�3<6=@/0C3</�(&%+2(&(520+2(&O=%&)%+$5%*)%&4=%5@(&D&%*%5:3(M&D&O=%&--%R(&

-(&%+2(#$(&90+$(*(&&$"5&%-&#=*)"&/"*&+=+&"T5(+P&K=*O=%&

<=A� 23A>7273@/� 3<� :/� >C3@B/� 27173<2=� S6/� A72=� C<�>:/13@T��/57%*"+&'(5#%*M&%-&$-(/%5&9(&+0)"&*=%+25"P&X(&/"-%//0N*&)%&

6#=&TD&'(5#%*&?=@#L*&+(-)5L&%*&HHHHH&P&,(5(&R%5&+=&"T5(&

/"#$-%2(V&Yj%T&)%&'(5#%*ZP

cm

FIJAKA#L#F!#MH!#?F#NAG?FEHIA

,"5&K*)57+&?(550)"

9"5(&O=%&-(&+%-%//0N*&%+$(C"-(&)%&4W2T"-&9(&

:(*()"& =*& #=*)0(-& D& )"+& %=5"/"$(+& *"+&

O=0%5%*&/"*R%*/%5&)%&O=%&6+$(C(&9(&)%F()"&

)%&+%5&-(&)%-&:"-&)%&'(5)%C"+(M&(O=%-&O=%&4(H

--N&(&/=(25"&$(-#"+&)%&-(&-3*%(P

6+$(C(& %5(& =*& $(3+& O=%M& /=(*)"& F=:(T(& (-& 4W2T"-M& +%&

/"#$"52(T(&/"#"&%*& -(&$"-320/(& 0*2%5*(/0"*(-M&$%5"&%*&

/(-@"*/0--"+V&3T(#"+&(&:(*(5M&3T(#"+&(&:(*(5M&9(+2(&O=%&

$%5)3(#"+P& S=/9"& %+$%/=-(5& (& R%5& +0& %#$(2(*)"& 9"D&

/"*&,"52=:(-&D&/"*&-(&AUK^&/"*+%:=0#"+&*"&/5=@(5*"+&

/"*&<5(*/0(&%*&/=(52"+M&*0&/"*&K-%#(*0(M&*0&/"*&J2(-0(M&*0&

/"*&Q5(+0-M&*0&+"T5%&2")"&/"*&%-&5%D&)%&S(55=%/"+M&$%5"&

-=%:"&*"+&2"/(T(&-(&]*0N*&6=5"$%(M&"&Q7-:0/(M&"&'"5%(M&D&

*"+&5"#$3(#"+P&̂ "&$(+LT(#"+&X(&'50+0+&*0&(&-"+&$%*(-20+P&

X(&:5(*&/"*+$05(/0N*&F=)%"#(+N*0/(&*"+&#"R3(&-(&$"52%H

53(&)%&+020"M&+0&9(/3(&4(-2(P&̂ "&*"+&$%5)"*(T(*&-"&)%&<%-0$%&

JJ&D&*"+"25"+&*"&+(T3(#"+&%-&O=7M&$%5"&2(#$"/"P

'"*&(O=%--"+&"*/%&T(*)"-%5"+&$(20--=)"+&*"&$(+LT(#"+&

)%&/=(52"+M&+0&%+&O=%&--%:LT(#"+P&B(T3(&=*"&O=%&+%&)=H

/9(T(M&\=(*02"&O=%&$0+N&(&=*& 50R(-&$"5O=%& -%&#05N&#(-M&

=*&:02(*"&O=%&+%&R"-R3(&-"/"&)50T-(*)"&(-&T(*)%53*&)%&-(&

3A?C7</��/C<?C3��/:�U</:��:3�@=0/0/<�:/�1/@B3@/�1=;=�/�C<�$(D"n&D&X=0+&6*50O=%M&O=%&--"5(T(&$"5O=%&-%&9(T3(*&5"2"&

%-&(-#(&)%-(*2%&)%-&L5T025"&D&%-&L5T025"&)%/3(&O=%&%+"&2%&

$(+(&$"5&2%*%5-(P

U"2(-M&O=%&+"$-(T(&%-&R0%*2"&%*&/"*25(M&2(*2"&%*&-(&$50#%H

5(&/"#"&%*&-(&+%:=*)(&$(52%M&D&--"R3(&%*/0#(&)%&*=%+25"+&

F=:()"5%+M& D&$(+(T(*&^=#(*/0(+& D&;(:=*2"+& D& 4(--(T(&

'(5)%C"+(M&"&%-&'(5)%C"+(&)%&2=5*"M&D&$(5(&/(+(P&^0:%50(&

"&_=:"+-(R0(M&"&O=0%*&4=%5(M&*"+&#(*)(T(&$(5(&/(+(P

!%/0T3(#"+&(&-(&+%-%//0N*&)%&R=%-2(&%*&Q(5(F(+M&/"#"&(&

9%5"0/"+&T"8%()"5%+&)%+$=7+&)%& -(&$(-0@(& F=0/0"+(&O=%&

-%+&9(T3(*&$5"$0*()"&%-&L5T025"&D&)"+&F=%/%+&)%&-3*%(M&D&

3@/�C<�/:7D7=��>=@?C3�>=@�U<�>=2K/;=A�23271/@<=A�/�D3@�3:�!C<27/:��D3@�/��@53<B7</��/��@/A7:��3<�U<��/�53<B3�?C3�+(T3(&#"R%5&=*&T(-N*P&K9"5(M&%*&/(#T0"M&)0/%*&O=%&2%*%H

#"+&=*&%O=0$3*&)%&:%*2%&%-%:(*2%M&(&$%+(5&)%&;%5:0"&!(H

#"+P&;"*&(-:W*&*"T-%&90F"&)%&45=2%5(M&=*"+&/(*0+&D&:%*2%&

O=%&*"&+(T%&*0&9(T-(5M&$%5"&-%+&)(+&=*&T(-N*&D&2%&-"&)0/%*&

2")"P&6-&%+$%/2L/=-"&%+&=*&#")%-"&)%&:5(/0(&D&)%&:5(/0H

-0)()M&D&9(+2(&9(D&(-:W*&$(+%&#=+0/(-&/"*&+=&(5#"*3(&D&

+=&502#"&D&+=&2"*"&)%&$"%#(&)0)L/20/"P&6+"&(&$%+(5&)%&

-"+&:"-$%+M&-(+&/(3)(+M&-(&2%*+0N*&D&%-&+%C"5&)"*&'9%O=%&

S0--"*(50"&+0%*)"&#(+(F%()"&%*&R%+2=(50"+M&:5(/0(+P

_(&4=%&)0/9"&O=%&-"+&4=2T"-0+2(+&+"*&-"+&:-()0()"5%+&#")%5*"+P&

'K��>3@=�/6=@/�3<�6756�23U<7B7=<�G�1=<�17<B/A�3<�3:�>3:=��=<�2(*2(&#(50O=02(&#=+/=-"+(M&O=%&*"&)%F(&5(+/(5&T"-(&(&-"+&50R(-%+M&

+%&*"+&%+2L&"-R0)(*)"&O=%&(O=%-&%*+=/0(5+%&-"+&/(-@"*/0--"+&(*2%&

-(&5%+$"*+(T0-0)()&*"&%5(&=*(&(/202=)&)%&'(5)%C"+(&Y*0&)%&!(W-M&

6-"DM&\"(O=3*M&^()(-&%2/72%5(ZM&+0*"&-(&(/202=)&)%-&$(3+&%*2%5"P&;0&

%+2"&9(&/(#T0()"&%*&%-&4W2T"-&9(&+0)"&:5(/0(+M&*"&+N-"&(&O=%&2%H

*%#"+&F=:()"5%+&)%&#%F"5&/(-0)()M&+0*"&2(#T07*&(&O=%&#=/9"+&

9(*&0)"&(&F=:(5&(-&%825(*F%5"M&)"*)%&*"&%+2(T(*&+"#%20)"+&(&-(&

/(*20*%-(& :5(*)"*0+2(M& (/"#$-%F()(& D& (/"#$-%F(*2%M& )%& *=%+H

25"+& -"/=2"5%+&)%$"520R"+P&K&R%5&+0&(9"5(&%-&/0=)()(*"&#%)0"M&

0*/%*20R()"& $"5& %-& )%+%#$-%"& H/"#"& )0/%*& -"+& *%"-0T%5(-%+HM&

2"#(&*"2(&D&)%F(&)%&%+/=/9(5&-(&5()0"&D&-(&2%-%R0+0N*M&+%&)(&=*&

$(+%"&$"5&%-&#=*)"&D&+%&)(&/=%*2(M&)%&=*(&R%@&D&$(5(&+0%#$5%M&

)%&O=%&+%&$=%)%&2=#T(5&(&/=(-O=0%5&:"T0%5*"&F=:(*)"&%*&%O=0H

$"M&#(*2%*0%*)"&-(&$%-"2(M&*"&)%-%:(*)"&5%+$"*+(T0-0)()%+M&*"&

(T(*)"*(*)"& -(& $"-320/(& (& -"+& $"-320/"+M& $"5O=%& +"#"+& :%*2%&

$5%$(5()(&)%&+"T5(M&-(&$=%52(&%+2L&R(/3(&D&*"&*"+&20%*%&O=%&0#H

$"52(5&=*&/"C"&O=07*&%5(&'(5)%C"+(P

ck

K

=%:"&)%&&g[&4%/9(+&F=:()(+&)%&

-(&%-0#0*(2"50(&+=)(#%50/(*(&(-&

#=*)0(-&Q5(+0-&[dgcM&D(&+%&(R0H

@"5(&=*&$(*"5(#(&#L+&/-(5"&$(5(&(-H

:=*"+&%O=0$"+&D&"25"&*"&2(*2"&$(5(&

"25"+M& %*& %+2%&#"#%*2"& /"#(*)(*&

-(&2(T-(&)%&$"+0/0"*%+&-(+&+%-%//0"*%+&

)%&K5:%*20*(&D&)%&6/=()"5&/"*&[c&D&

[d&$=*2"+&5%+$%/20R(#%*2%M&%+/"-2(H

)"+&$"5& & -(& +"5$5%*)%*2%&'"-"#T0(&

/"*&go&$=*2"+&D&=*&$"/"&#L+&(25L+&

$"5&-(&+%-%//0N*&)%&'90-%&D&.%*%@=%-(&

/"*&go&$=*2"+P&X(&$50#%5(&-%R(*2()(&

-=%:"&)%&=*&T(FN*&(&#02()&)%&%-0#0H

*(2"50(& D& -(& +%:=*)(& & /"*&%-& L*0#"&

%*&(-2"& & -=%:"&)%& +=&R0/2"50(& 45%*2%&

'"-"#T0(& %*& -(& W-20#(& 4%/9(& D& /"*&

-(&0-=+0N*&)%&F=:(5&+=&$50#%5&#=*)0(-&&

%*&2")(&-(&90+2"50(M&#0%*25(+&2(*2"&D(&

#L+& 5%@(:()"+& +%& %*/=%*25(*& ]5=H

:=(D&O=%&&%*&-(+&=-20#(+&c&4%/9(+&&9(&

2%*0)"&#=D&T(F"&5%*)0#0%*2"M& 0*/-=H

+"&+0%*)"&:"-%()"&%*&R(50(+&)%&%--(+M&

%*& -"+& W-20#"+& $=%+2"+& D& /"*& #=D&

$"/(&"$/0N*&)%&--%:(5&(-&#=*)0(-&+%&

%*/=%*25(*&,%5WM&Q"-0R0(&D&,(5(:=(DP

F!COCEADHGCA#IP?AOFGCNAEA#QGAIC!#RSTUI4#'!"$1-4'!#"&%

"

!12#2-3-../+4-2##.+4#*52#6+2/7��

;"*& 6/=()"5M& '"-"#T0(M& '90-%& D& & .%H

*%@=%-(M&&9(*&#"+25()"&=*&4=2T"-&T0%*&

F=:()"&D&2")(+&%+2L*&%*&-(&$=:*(&$"5&

=*"+&)%&-"+&c&/=$"+&O=%&)(*&-(&/-(+0H

U1/17M<� 27@31B/� /:� B=@<3=� ;C<27/:� =�=*&O=0*2"&/=$"&$(5(&5%$%/9(F%&O=%&+%&

F=:(53(&/"*&%O=0$"&(+0L20/"P&X(&$5N80H

#(&4%/9(&2%*)5L&/"#"&#(D"5&(25(/20H

R"&%-&$(520)"&%*25%&-(+&+%-%//0"*%+&)%&

K5:%*20*(&D&'"-"#T0(M&=*&/-L+0/"&$(5(&

#=/9"+& %*&;=)(#750/(& -=%:"&)%-& 5%H

/"5)()"&m&(&d&(& 4(R"5&)%& -"+&/(4%2%H

5"+& %*& -(& %-0#0*(2"50(& $(5(& =+(& ocM& -(&

+%-%//0N*&'"-"#T0(&%+&)050:0)(&$"5&%-&

K5:%*20*"&\"+7&,%>%5#(*M&()%#L+&)%&

>@3A3<17/@� 3:� 2C3:=� 3<B@3� 2=A� U5C@/A�#=*)0(-%+&/"#"&X0"*%-&S%++0&D&!()(H

#%-& <(-/("M& =*& $(520)"& $(5(& (-O=0-(5&

T(-/N*P

D"$&"# ".;)"&# (%#0/16.6/*%1

*& =*(& +"/0%)()& #")%5*(&&

/"#"&%*&-(&)%&9"D&%*&)3(M&2")"&

%-&#=*)"&R(&/"*&-(&/(T%@(&9(H

/0(& (T(F"& -%D%*)"& +=+&#%*+(H

F%+&)%&2%82"&%*&%-&2%-74"*"&#NH

R0-M&F=:(*)"&%*&%-&#%25"&"&5%R0+(*)"&-(+&

W-20#(+&(/2=(-0@(/0"*%+&)%&<(/%T"">&"&

-(&5%)&+"/0(-&)%&#")(P

;0*& %#T(5:"M& %-& %8/%+"& )%& #%*+(F%+&

)%&2%82"&D&-(&/"*+2(*2%&0*/-0*(/0N*&)%&

-(&/(T%@(& & --%:(*&(&(-2%5(5&%-& /=%--"&D&

+=+&%+25=/2=5(+&(*(2N#0/(+&%*& -(&#(H

D"53(&)%&$%5+"*(+P

pX(+&$%5+"*(+&%+2L*&2(*&%*4"/()(+&%*&

%+2"+& )0+$"+020R"+& O=%& 2%5#0*(*& +"+H

2%*0%*)"&+=&/=%--"&D&%+$(-)(&%*&$"+0H

/0"*%+&(*"5#(-%+&)=5(*2%&=*&-(5:"&$%H

@7=2=�23�B73;>=T�278=��@��&G/<�$43743@��#7)0/"&5%9(T0-02()"5&D&%+$%/0(-0+2(&%*&

-(&/"-=#*(&)%&Jb;P

�:� BJ@;7<=�� S1C3::=� 23� B3FB=T�� 4C3� 7<HR%*2()"&$"5&$50#%5(& R%@&$"5& =*&O=0H

@=>@I1B71=� 3<� � /� �:=@72/�� '3� 23U<3�/"#"&%-&+3*)5"#%&&O=%&/"*+0+2%&%*&%-&

=+"&%8/%+0R"&)%&-(&/(T%@(M&%-&/=%--"&D&

-"+&9"#T5"+M& &)"*)%&+%&R%*&/"#$5"H

#%20)"+& $50*/0$(-#%*2%& -"+& #W+/=-"+&

D&*%5R0"+&&2(#T07*&&9(D&(-:=*(&(-2%5(H

/0N*& )%& -"+& R(+"+& +(*:=3*%"+& D& %*& +0&

2")"&%-&+0+2%#(&-"/"#"2"5&)%&-(&@"*(M&

:%*%5(*&=*(&$5%+0N*&/"*+2(*2%&+"T5%&

-(& /"-=#*(& R%52%T5(-& (& /(=+(& )%& -(&

#(-(&$"+0/0N*&()"$2()(&$"5&%-&=+"&)%V&

)0+$"+020R"+& $"52L20-%+M& 5%$5")=/2"5%+&

)%&#$eM&%H5%()%5+&D&2(T-%2(+&0*4"5#LH

20/(+P& pK-&#(*2%*%5& %-& /=%5$"& %*& =*(&

$"+0/0N*& (*"5#(-M& (=#%*2(& -(& 2%*+0N*&

)%& -"+&#W+/=-"+&D& -0:(#%*2"+&O=%&& -"&

+"+20%*%*M& :%*%5(*)"& =*(& 4(20:(& /5NH

*0/(M& %+$(+#"+& #=+/=-(5%+& %& 0*/-=+"&

3:�3AB@JA�G�2=:=@3A�23�1/03H/T��/U@;=�%-&15P&,4%04%5&(&%+2"&(:5%:N&&pU(#T07*&

%80+2%& %+257+& (& -(5:"& $-(@"& +"T5%& -(+&

%+25=/2=5(+& )%-& /=%--"& /"#"& +"*V& -"+&

)0+/"+&D&-(+&(520/=-(/0"*%+&--%R(*)"

O=%&&+%&)%:%*%5%&&-(&/"-=#*(&R%5H

2%T5(-& D& -"& O=%& )%+%*/()%*(& %*&

=*&&)%+%O=0-0T50"&%*&-(+&4=%5@(+&)%&

2%*+0N*&D&)%&-(&/"-=#*(&R%52%T5(-P&

15P&,4%04%5&9(&R0+2"&(&#=/9"+&$(H

/0%*2%+&%*&;9(*:9L0&D&?=(*:@9"=&

O=%& +%& 9(*& O=%F()"& (/%5/(& )%&

%+2%&20$"&)%&#"-%+20(+P&pX"&R%#"+&

/"#"&=*&#"20R"&)%&/"*+=-2(& 45%H

/=%*2%M&D&D"&%+20#(53(&O=%&#L+&D&

#L+&$%5+"*(+&(&25(R7+&)%-&20%#$"M&

$5"$"5/0"*(-&/5%/%&& -(&2%/*"-":3(M&

R(*& (& %8$%50#%*2(5& %+2%& 20$"& )%&

#"-%+20(+& D& -%+0"*%+&)%& /=%--"& )%&

B3FB=T�� 278=�� '7<� 3;0/@5=�� 3:� �@��,4%04%5& +=:050N& (-:=*(+& #(*%5(+&

)%& (D=)(5& (& (-0R0(5& %+2(& )"-%*/0(&

D&$5%R%*05&O=%&+%&/"*R0%52(&%*&=*&

)"-"5&/5N*0/"V

P�!=27U1/@�:/�>=A717M<�23:�27A>=A7H20R"V&6*& -=:(5&)%&2%*%5&%-&)0+$"+0H

20R"&%*&+=&5%:(@"&"&9(/0%*)"&O=%&

+%&0*/-0*%&-(&/(T%@(&9(/0(&(T(F"M&%*/"*25(5&=*(&#(*%5(&)%&#(*2%*%5-"&(&=*&*0R%-&

*(2=5(-&)%&-"+&"F"+P

P�(=;3�23A1/<A=A��(3<5/�3<�1C3<B/�?C3�CAB32�3ABI�CA/<2=�3AB=A�A7AB3;/A�23�2%/*"-":3(&2")"&%-&)0(M&T=+O=%&/(#T0(5&"&(-2%5(5&+=&$"+0/0N*P

P��>B7BC2�4KA71/��(3<3@�C</�3A>/:2/�G�C<�1C3:=�4C3@B3�G�V3F70:3�:3�/GC2/@I�/�:727/@�/"*&-(+&2%*+0"*%+&(*"5#(-%+&D&5%)=/05&-"+&$5"T-%#(+&#W+/=-"H%+O=%-720/"+P

P��AB7@/;73<B=��&3/:7H/@�3AB7@/;73<B=A�@35C:/@3A�23�:=A�;NA1C:=A�23�:/�3A>/:2/�G�)%&+=&/=%--"&-%&(D=)(5(&(&5%)=/05&-(&:5(R%)()&)%&-"+&%+$(+#"+&#=+/=-(5%+P

P��/:=@��>:7?C3�C</�B=/::/�1/:73<B3�6N;32/�3<�3:�1C3::=�/:�U</:�23:�2K/�>/@/�/:7HR0(5&%-&)"-"5&D&5%)=/05&%-&%+$(+#"P&6R02%&%-&90%-"M&D(&O=%&%+2"&+N-"&(=#%*2(5L&%-&

%+$(+#"&#=+/=-(5P

;0&T0%*&-(&:5(*&#(D"53(&)%&%+2"+&/(+"+&+%&$")5L&5%+"-R%5&/"*&#%)0)(+&/"*+%5H

D/2=@/A�G�;=27U1/@�3:�CA=�23:� B3:J4=<=�13:C:/@�� 3:��@��$43743@�/2D73@B3�?C3�3<�"/(+0"*%+&%-&)"-"5&$=%)%&$%5+0+205P&p6*&-(&#(-(&+=%52%&gdH[dv&)%&-"+&/(+"+M&%-&)"H

-"5&/"*20*=(5L&0*/-=+"&)%+$=7+&)%&/(#T0(5&-(&(/20R0)()&D&%+205(#0%*2"P&6*&%+2"+&

/(+"+M&%+&*%/%+(50"&()"$2(5&=*&%*4"O=%&#=-20)0+/0$-0*(50"M&/"#"&%+&-(&=20-0@(/0N*&

23�;3271/;3<B=A��/>/@/B=A�=@B=>J271=A��UA7=B3@/>7/��7<G3117=<3A��3B1JB3@/�>/@/�/"55%:05& %-& )"-"5& D&#%F"5(5& -(& 4=*/0N*P& p15P& ,4%04%5& +=:0%5%& %R(-=(/0N*& /"*& =*&

%+$%/0(-0+2(&%*&-(&/"-=#*(&"&=*&#7)0/"&:%*%5(-&D&--%R(5&(&/(T"&=*&25(2(#0%*2"&

>/@/�3:�2=:=@�3<�3AB=A�1/A=A�1=<�3:�U<�23�/GC2/@�/�1==@27</@�C<�>:/<�/231C/2=�)%&(2%*/0N*&)%-&/=%--"P

15P&!D(*&,4%04%5&%+&6+$%/0(-0+2(&%*&?%+20N*&)%-&1"-"5&)%&-(&/"-=#*(&R%52%T5(-M&-(+&

(520/=-(/0"*%+&D&6+$%/0(-0+2(&%*&Jb;&%*&;9(*:9L0M&)"*)%&2(#T07*&+%&)%+%#$%C(&

/"#"&)05%/2"5&)%&-(&'-3*0/(&)%&/"*#"/0N*&/%5%T5(-P&

,(5(&/=(-O=0%5& 0*4"5#(/0N*& +"T5%&%-&15P&,4%04%5& 4(R"5&R0+02%&jjjPj%+2%5*+=5:P

/"#&D&/=(-O=0%5&0*4"5#(/0N*&()0/0"*(-&+"T5%&2%#(+&5%-(/0"*()"+&/"*&-(&R0)(&(/H

20R(M&$=%)%&R0+02(5&(/20R%-0R0*:Pj%+2%5*+=5:P/"#

VJ"1"*(/#;)#.)%&&/#0/-#)*#+%*1",%#(%#;%:;/W

S61J'A&6^&'K;K

%2#-48+4.-2#.914,+#2-#.+4:/-08-4#3+2#*-421;-2#,-#8-<8+#-4#94#,+3+0#,-#.9-33+=

,"5&15P&!D(*&,4%04%5

6

md

50*,.'/0'#.62&6'V*.'02.3.'h).6+F@&)

S(D"&gHm

-C3�7/<5�.6=<5�&=/2�"=��?=*(:@9"=M&'90*(P

J*4"V&922$VrrjjjP/(*2"*4(05P

"5:P/*r+$(*0+9r0*)%8P+92#-

<%50(&)%&/"/0*(&D&#=%T-%+&)%&T(C"P&

;9(*:9(0&

S(D"&[fHeg

;9(*:9(0&^%j&J*2%5*(20"*(-&68H

90T020"*&'%*2%5&;^J6'&[ecm&X"*:&

_(*:&!"()&,=)"*:&K5%(P

J*4"V&922$VrrjjjPj%+H%8$"P/"#P

/*r#r>T/r,(520/0$(20"*<%%P(+$8

<%50(&0*2%5*(/0"*(-&)%&/(+(+&%*&#()%5(&D&%+H25=/2=5(+P&?=(*:@9"=

S(D"&oHgg

^"Pofd&{0*::(*:&6(+2&!"()M&

?=(*:@9"=M&'90*(

J*4"V&922$VrrjjjP#=j=@P/"#r

/"*2(/2+|%P(+$

<%50(&)%&K-0#%*2(/0"*&D&

Q%T0)(+&%*&B"*:&I"*:&&

S(D"&hHgd&

B"*:&I"*:&'"*R%*20"*&t&6890T0H

20"*&'%*25%Mg&68$"&150R%M&b(*/9(0M&

B"*:&I"*:P&B(--&gKH6M&B(--&eQH?&

(*)&B(--&m<H?&

J*4"V&922$VrrjjjP9"4%8P/"#

<%50(&0*2%5*(/0"*(-&)%&

%O=0$"+&D&+=#0*0+25"+&

$(5(&-(&9"+2%-%53(P&{0(*&&

S(D"&gkHgf

&a=F0(*:&J*2%5*(20"*(-&'"*4%5%*/%&

t&6890T020"*&'%*2%5^"P&gM&_(*@9(*&

!"()&hgddkg&{0(*M&'^

J*4"V&922$VrrjjjP8(F)@9P/"#

<%50(&)%&/(-@()"&D&/=%H

5"P&?=(*:@9"=

S(D"&[oHeg

'90*(&J#$"52&(*)&68$"52&<(05&&YK5%(&

QZ&efd&_=%F0(*:&S0))-%&!"()M&

?=(*:@9"=M&'90*(

J*4"V&922$VrrjjjP+9"%+-%(29%5H

:=(*:@9"=P/"#r9"#%P92#-

<%50(&)%&.0*"&D&X0/"5%+&

?=(*:@9"=

S(D"&gdHg[

'90*(&J#$"52&t&68$"52&<(05&,(@9"=&

'"#$-%8

^"Pofd&{0*::(*:&6(+2&!"()&

?=(*:@9"=M&'90*(

J*4"V&922$VrrjjjPj0*%8$"P"5:P/*

<%50(&0*2%5*(/0"*(-&)%&

-(&0*)=+250(&/%5L#0/(&

?=(*:@9"=

S(D"&[oHg

'90*(&J#$"52&t&68$"52&<(05&,(@9"=&

'"#$-%8&^"Pofd&{0*::(*:&6(+2&

!"()&?=(*:@9"=M&'90*(

J*4"V&jjjP/%5(#0/+/90*(P/"#P/*

<%50(&)%&X(+%5&D&<"2NH

*0/(&%*&;9(*:B(0

S(D"&gfH[d

[ecm&X"*:D(*:&!"()M&^=%R(&}5%(&

)%&,=)"*:&;9(*:9(0&[dg[dc&!%H

$WT-0/(&,"$=-(5&'90*(&;9(*:9(0&

J*4"V&922$VrrjjjPj"5-)H"4H$9"2"H

*0/+P*%2r%*r-(+%5H/90*(r,5%++

!"#"$%&'$("')(*(+,(*

#&62.72&i:@&60]U]9V[]SZZS]C9%.,-7@,6._-.2,6&_*0=,(2.j+%.,-_7&%R062.(7@,6._-.2,6&_(.-0(j+%.,-_7&%kkk_7@,6.-.2,6&_7&%

,IG<=�(<�,<CD� �� ..�)5F?��&5@@�C:�H<9�0CF@8��!I57<9B;��585CęƼÖɁČĘʊ��íɁČŋĊɁČƵ..)�+$ȩʷ~ŝ �� íʘ-9@��

�5B5B5�%95: ��H<�0CF@8�-F589��9BHF9�� !I5B�,<=��CB;�%IǥŅ{ɷyɱĘß�Ʀ��âɬÿŎʧđ-9@��B8�gCCF��-=A9G�,EI5F9��-=5B<9��9=�%IęƼÕɷ��íƊ�ŋĊ�Ʀ-9@��

,C=�� #=5BG<9�%=I�&5�%Iœɣ·ʼɷ íɞǅʷɕ Ʀ-9@��

�5G=@�:F9B7<�J=9HB5A9G9��.D�3CB9�+9G=89B79��I=@8=B;��!5=A=B;�%I��3=5B;�'9K�-CKB��-=5B<9��=GHF=7H�� I5B;N<CIŋŁŅęƼÖǧƷƅČǅƋɷ��íÌɾuȗəÖ��ʘ-9@��

%9ACB�%99:��9N<9B;�'5B�%IŜžÜɷ��í-9@��

�C775��5:R,<CD� ��-��I=@8=B;��9BHF5@�)5F?/=9K��!5=:9B;� %I�� 3=5B;�'9K�-CKBǅʵɷÁƈƅyǲ-��Ɲ �ʘ-9@��

�5:R�1D9F=9B79,<CD� �� )57C��IG=B9GG�!CH9@�� %CB;?CI�1=�%I�-=5B<9��=GHF=7HʏŎ¢�ŋŁŅęƼÖ˃æəɷ ��í-9@�� =565HH5�+9GH5IF5BH,<CD� ��)C@M��<5AD5;B9� 5F89B��!I5@=�%I�3=5B;�'9K�-CKB��-=5B<9��=GHF=7HęƼÖÛÇɷ��íªÇʻƩɁĄ ��ʘ�ʂǧƷƅČĉʗȔ�Âæ�-9@��

�CKB-CKB,<CD� �� )9579�0CF@8��D5FHA9BH��#=5BG<9�0I�&5�%Iœɣ�ʼɷ��íĝyǲ¶įʺĹ �� íʘ

!5DDM�&CB?#=5BG<9��H<�+C58��.B=H� �� ¢�œɣ�ʼɷ��í�ĝyǲ¶įʺĹ-9@��

$CB5�)F=B79,<CD��$� �� 5G<=CB�-=5B<9��CAA9F7=5@�,EI5F9��-=5B<9�%IęƼɷ��íƊĶęƼÿzŋĊ� Ʀ�$� �íʘ-9@��

&CA9BH�75:R�5B8�@CIB;9'C��2I<5B�%I��=B>=5B;��CB;�%IǎƷ{ǣɈɷ��íǧƷƅŀʏŎ Ʀ-9@��

mc

)9CD@9^G�75:R��CD9B��<FG� � ��#=5BG<9�0I�&5@I��2I9L=I��=GHF=7HɵȏÖœɣ�ʼɷ��íĘʥ í Ʀ-9@��,<CD� �� L=B;G<9B;�%IęƼÖºǼɷ�í �� ʘ-9@�� )5FHM�)=9F��2I9>=5B;�1=�%IʠƷəɷǧƷǫʐĀʏƁÔȿƖÖ�Ö��í-9@��

�<=7?9B��LDF9GG �#=5BG<9�@=I�&5@I��2I9L=I��=GHF=7HɵȏÖœɣ·ʼɷ í-9@��

�CGD<CFIG�+9GH5IF5BH �+A��3<5C�*=B;��!I5B�,<=�3<CB;�+C58� I5B;N<CIŋŁŅ�ɵȏÖ�ǥŅɷ��íȱōĘß�íʘ-9@�� #=5BG<9�%=I�&5@I��2I9L=I��=GHF=7HɵȏÖœɣ·ʼɷ í-9@��

,I@H5B�F9GH5IF5BH�-IF?=G<��* ��!I5BG<=�3<CB;�%I��9HK99B�%5�)9F@9�5B8��F9B8G<=D�,HCF9��2I9L=I��=GHF=7HǥŅ~ɷ��ípƦ-9@��

5=@^G�)@579��A9F=75B��CC8��5F ��GH5FG�6I=@8=B;�� !I5,I=�+C58��)95F@�+=J9F�'9K��=HMŋŁŅǧƷƅČÛȒɷ ��í�ƌɻĘßʺĹ��ʘ-9@��

-<9��F9K�,DCFHG��5F�� F=@@ ��5C@=B� 5F89B��!I5�#=I�+8��!I5�1IB�,H��3=5B;�'9K�-CKB�ŋŁŅęƼÖǧƷƅČÛķɷúÛɡɕ�ǲĒ�-9@��!I5B5B��CIBHFM� 5F89B��&5=B��BHF5B79��)5BMI�� I5B;N<CI�ŋŁŅǴȎÖʀĭɷÛÜȆƠĄƮʞì©ÿz�ɕ í-9@�� .B=H� ��MI<5=�:CC8�GHF99H�� >=5BG<9�@=I�FC58��2I9L=I��=GHF=7H�� I5B;N<CI�ŋŁŅɵȏÖœɣ·ʼɷ íɞǅʷɕ �íʘ�-9@��

-<9��CJ9BH� 5F89B��!I5E=5B;�%I��3=5B;�'9K�-CKBǧƷƅČÛŘɷ�íĮÌǹ� ��ʘ-9@��

-<9�-5J9FB�,DCFH��5F �)C@M� ��'C��!I5�#=I�%I�3<I�#=5B;�1=B��<9B;ŋŁŅǧƷƅČÛķɷ�íªÇ ��¶ʹjŅūȘĸƮİʭ�-9@��!I5�'5B��CIBHFM� 5F89B�09GH� 5H9�+=;<H�!5B8��I=@8=B;�2=B;��=B�+C58��)5BMIǴȎʀĭɷÛÜȆƠĄəʞì©-9@��

%9�,5=BH-FCD9N �#=5BG<9�%=I�&5�+C58��.B=HG�� 2I9L=I��=GHF=7HŋŁŅɵȏÖœɣ·ʼɷ íÊƝ� �í-9@��

�(&(^G�"H5@=5B�+9GH5IF5BH �� 1=B;G<9B;�%I��3=5B;�'9K�-CKB��-=5B<9��=GHF=7HºǼɷ �í ��ʂºǼ��-9@� ��

( "�-F5HHCF=5��)=NN9F=5 �'C �-=�2I��CB;�%I�5B8�!I5B;�)I��J9£ȳ{ɷ í-9@�� ,<CD� ��H<9��5BHCB�)@579��*=B;:9B;�#=9��3=5B;�'9K�-CKBǧƷƅČǇʵɕŋȜęĉ ��-9@��

-CA5HC9G�)=NN9F=5 �'C�� I5B;N<CI�2=>=5B��I=@8=B;��#=5BG<9�%=I�&5�%I��2I9L=I��=GHF=7HŋŁŅɵȏÖœɣ·ʼɷ��í-9@�� 5C�29�2I5B��!I5>=I�%I��3=5B;�'9K�-CKBǧƷƅČÛķɷħzĄ ��í-9@��

%5H=B5�+9GH5IF5BH ��0=B;�$=B�,EI5F9�� #=5BG<9�@=IA5@Iœɣ·ʼɷ�� íƮ§ŋĊ�Ĺ-9@�� CCH<�� F5B8J=9K�)@5N5��'C��-=5B<9�%IęƼɷ��íƮ§ŋĊtƦ�� ʘ-9@�� -CB;�-CB;�-F589��=HM�� I5B;MI5B�1=�%I��5=MIB��=GHF=7Hǵ�ÖŋĄə � íʈʈÿɱ� Ʀ-9@��

-9?=@5�� #=5BG<9�%=I�&5�%Iœɣ·ʼɷ í�Ʀ-9@��

( "�)=NN9F=5 ��-=5B@IB� 5F89B��#=5BG<9�,=�&5�%I��2I9L=I��=GHF=7HɵȏØœɣĂʼɷę¡ɁĄʺĹ-9@��

)=NN5�)=NN5 �,<CD��3<CB;G<5B��%I��%=K5B��=GHF=7HŋŁŅɅǊÖ~ľµɷ� íʺĹ�ơ��ĮÌĪʏī©Ƈ�-9@�� ,<CD�� -=5B<9��9=@I��B95F�#=B<5=� 5F89B��-=5B<9��=GHF=7HbŋŁŅęƼÕɷ� �í�ơ��Ûǆsīƃİʭ�-9@��,<CD��3<5CE=B;��I=@8=B;��!I5BG<=�3<CB;@I��2I9L=I��=GHF=7HbŋŁŅǥŅ~ɷ��íȱōĘßʺĹĂíʘ��ÿʘ�ĉʗĴÕȔ�Âæ�-9@��

��P� ��CCH<� � ��!5=N<I�EI��=B>=5B;�8CB;�@I��%5BG9�$5B;MI5B��&=B;?5B;ǅǧÖǎƷ{ɷ��íɎȾŒĄƋŒɕ�a �a �ʘ-9@�� 'C��-=5BG<CI��Ő�əʸÝęĲɷŎ-9@��

mm

��BH=)5GHC ��!I=>=B��I=@8=B;�'C �� I5B;N<CI��J9BI9��9BHF5@�&=B;�2I9��F�+C58��2I9L=IŋŁĘʊ~ �íƎƏĘßʺĹ�ƋƓ�ɷæ�-9@��

�5HK5@?09GH�C:�H<9�GCIH<�;5H9�C:�;I5B;��N<CI�GDCFH�.B=J9FG=HM�� -=5B<9��9=�%IęƼÕɷ ��íŋŁ£ʥÜʞə©āȰ)HJ��Ʀ-9@��

�5J9��5F3=5B;��@8;��!I5BG<=��5GH�+8��2I9L=IǥŅ{ɷ��íǧƷĘßəĉv-9@��

%CHIG+A� � ��%=IMIB��F�#=9��-=5B<9�'5BęƼÜ·ʁ�ɕ��í � -9@� �� &7�5K@9M^G,<CD� � ��'C� ��!I57<9B;��J9BI9��)95F@�+=J9F�'9K�-CKB��-=5B<9��=GHF=7HŋŁŅęƼÖǧƷƅČɁČĘʊ �í � -9@��

%��1=B;G<9B;�+C58��+CCA� ��3=5B;�'9K�-CKB��-=5B<9��=GHF=7HęƼÖǧƷƅČºǼɷ�í ��-9@��

+969@�+969@��-=MI��CB;�%I��-=5B<9��=GHF=7HęƼÖ£ȳ{ɷ��í-9@��

-<9��@C7?��3=5B;�)5FHM�)=9F��99F��I@HIF9��FH�3CB9��NN&C8=9G<5�-IBB9@��2I9�#=5B;�1=�%I��!5=N<I��=GHF=7HǅǧÖʠƷəɷȇȅƹʨʊǧƷǫʐĀʏƁÔÆţȿƖÖ��í-9@��

-<9�)588M��=9@8 �2I9�1=I��=GHF=7H��'C��!I5�%9�%I��9BHF5@�)@5N5��B8��@CCFɵȏÖÛ�ɷ��íŋşĘß�Ʀ-9@�� -=5B�!9��=GHF=7H��'C��-=MI��CB;�%I��=B9@5B8�-CK9F��H<��@CCF�ęƼÖ£ȳ{ɷ��íƆĆĘß�Ʀ-9@��

05J9��5F� ��)5FHM�)=9F��2I9�#=5B;�1=�%I��!5=N<I��=GHF=7HʠƷəɷǧƷǫʐĀʏƁÔÆţĄ�Ö �-9@��

35D5H5^G3=5B;�)5FHM�)=9F��2I9>=5B;�1=�%I��!5=NI��=GHF=7HǅǧÖʠƷəɷǧƷǫʐĀʏĄ�Ö� ʘ-9@� ��

�@75BH5�"BH9FB5H=CB5@��C@@9;9��"�� 5=MIB��585C�'5B��5=MIB��=GHF=7Hǵ�Öǵ�ĘʊÜ ��í-9@��

�A9F=75B�"BH^@�,7<CC@�C:� I5B;N<CI��", ��25BMI�'5B�%I��FG<5�"G@5B8�ƹĿǖʫÜɷ�í-9@��

�5B58=5B�"BH9FB5H=CB5@�,7<CC@�C:� I5B;N<CI��9B;1=B;%CB;� 5F89B��<IB;I5B;�+C58ǴȎÖ{ǥɕŅŋɷ��í-9@��

-<9��F=H=G<�,7<CC@�C:� I5B;N<CI��-CB;<9�%I��'5B<IÜǉðúɷ��-9@��

�5B58=5B�"BH9FB5H=CB5@�$=B89F;5F89B�;=@9� 5F89B��2=B6=B�%I��)5BMI��=GHF=7HǴȎÖʀĭɷʩĺ�ɁĄ-9@��

�5B58=5B��&5M@5B8��"BH9FB5H=CB5@�$=B89F;5F89B&5M@5B8� 5F89B��$9MIB�%I��-=5B<9��=GHF=7HŋŁŅęƼÖȑʰɷȩƛǅŀɁĄƤƛɕ��í-9@��

I5B;N<CI�!I5A9=�"BH9FB5H=CB5@�,7<CC@��!I5A9=�%I��-=5B<9��=GHF=7HęƼÖÛȩɷ��í-9@��

I5B;N<CI�'5B<I�"BH9FB5H=CB5@�,7<CC@��!I5M5B;�#=9��-=MI��CB;�%I��-=5B<9��=GHF=7HęƼÖ£ȳ{ɷÛʡɕ��í-9@��

"BH^@��F97<�,7<CC@�C:� I5B;N<CI�5JCFJ=9K�)5@579��-=5B<9��=GHF=7HęƼÖƵƏƅČ-9@��

#5D5B9G9�,7<CC@�C:� I5B;N<CI �� 9B;L=B� %I�� ,7=9B79� �=HM�� !=;<H97<BC@C;M� 5B8�"B8IGHF=5@�3CB9ʽƅŰƖ�zŔãÖȑġČʵ«ɷ �í-9@��

+5h9G��9G=;B�"BGH=HIH9��I=@8=B;�'C��1=G<9B;�#=9��-CB;L=B�%Iȕŝɷəȵɕ��í�íƦ�Ʀ-9@��

,H�%CFF5=B9��B;@C�<=B9G9�,7<CC@+=J9FG=89� 5F89B��5G<=�-CKB��)5BMI��=GHF=7HǴȎÖĘȂʜ�ƷɁĄ-9@��

.H5<@CM�"BH^@�,7<CC@��,<5�-5=��9=�+C58��5=�2IB��=GHF=7HŋŁɘɽʦąʣġƞĉǕmƹĚÕɷ��í-9@��

2=<9�"BH^@�$=B89F;5F89B,IAA9F�)5@579��-CB;<9�-CKB��5=MIB��=GHF=7Hǵ�ÖðúʜʳúľŌ-9@��

mk

$�+566=H�+CCA�,9FJ=79!CH@=B9�� KKK?? � �7CA

&9L CIFA9H-9@��A9L;CIFA9H�;A5=@7CA

09B7@9-9@��G9FJ=79�K9B7@97CA

#C=G�#C=G�(&"��(%(&�"�'�-9@� ��

,56CF�%5H=BC�IHRBH=7CG��=F9G�%5H=BCG)5F5�-C8C��G=5-9@��

)FC8I7HCG�-SD=7CG�9@=7=CGCG�*I9GCG��FH9G5B5@9G�M�)CGHF9G�-9@��

�A9F=75B��<5A69F�C:��CAA9F79+A� ��&5=B�-CK9F�� "-"��!I5BG<=��CB;�%IǥŅ{ɷ��íŋ{ąʣĘʏŎ�Ʀ ��-9@��

�F=H=G<��<5A69F�C:��CAA9F79+A �� I5B;8CB;� "BH9FB5H=CB5@�!CH9@�� !I5BG<=��CB;�%IǥŅ{ɷ��íŋ{ąʣĘʏŎ�Ʀ �Ʀ ��ĩ-9@��

�IFCD95B�.B=CB��<5A69F�C:��CAA9F79+A�� -CK9F��,<=B9�)@5N5��%=B<9�1=�%I��-=5B<9��=GHF=7HęƼÖƛúəɷ�íȬ~ŋĊ�Đ�� ĩ-9@��

�IGHF5@=5B�-F589��CAA=GG=CB �� 3=5B;�'9K��=HM��9J9@CDA9BH��9BHF9��'C��%=B>=5B;�%I�Ʒɷ�íǧƷƅČãļ~ŝ �Ʀ-9@��

,D5B=G<��<5A69F�C:��CAA9F79+CCA�� +��9BH9F�� !I5L=5� %I�� 3=5B;�'9K�-CKB��-=5B<9��=GHF=7HęƼÖǧƷƅČÛĔɷ �íĮÌ~ŝ�Ʀ��ĩ-9@��

)>J�-F58=B;��CAD5BM�%H85�KKKD>JHF58=B;@H87CA-9@� �� &5B9>C�89�75F;5�9GD97=5@=N585�D5F5��ARF=75�7CAD5T5A=9BHC�CBHFC@�89�75@=858

3=CB��<F=GH=5B��<IF7<ĎȀſʛģď�88F9GG�� 'C��+9BA=B� 3<CB;�+C58�� %=K5B��Ʊ~ɷ��í�8A=GG=CB��F990CFG<=D�!CIFG�� DA��DA��9J9FM�,IB85M�<F=GH=5B��9@@CKG<=D09GH=B�!CH9@��%=B�!9�3<CB;�+C58��GCIH<�95GH�C:�H<9� I5B;N<CI��5GH�-F5=B�,H5H=CB��B95F�H<9��=H=7�)@5N5��CF9=;B9FG�CB@M�ŋŁǅȼĠƄƳʏŎ�� ęƼÖƛú~ɷ�í��-9@��,57F98�!95FH��5H<98F5@��,9?G5H��<IF7<�ȂĩćŝĘſď2=89�3<CB;�+C58��2I9L=I��=GHF=7H�� I5B;N<CI�ɵȏÖpŜ~ɷ(D9B=B;�!CIFG��5A ��5A�9J9FM�,IB85M

�9@@5=F9�"BH^@��@SB=7C��-=5B<9�'CFH<�+C58�,I=H9�� -=A9G�,EI5F9ęƼÖęƼÕɷ��íƊ�ŋĊ{ő�� -9@��

I5B;N<CI�05B�3<=�&98=75@�,9FJ=79G��9BH9F+A��"-"��)@5N5��'C��-=5B<9��9=�%IęƼÕɷ��í~«ŋĊÍ¶ĘƦ��-9@� � ��

�IF��A�"BH^@�&98=75@��9BH9F ��!I5�%=�%I��3<I�#=5B;�'9K��=HM�� 'CFH<�-CK9F��(795B�)95F@��I=@8=B;ęƼÖǧƷƅČÛÇɷ �íʅǁƋǧĘßÕőʺĹ-9@��

I5B;N<CI�.B=H98��5A=@M��@=B=7+9B65C��@8;�� I5B;N<CI�&=88@9��J9��2I9L=IbŋŁɥŬŋ{ǽŋŁŅɵȏÖŋŁĘʊ~�� í-9@�� j��<FGk

&C89FB�!CGD=H5@� I5B;N<CI��%=5BEI5B�+8�� I5B;MI5B��CB;�%I��-=5B<9ŋĄ~ɷǒǀɷ��í-9@��

"BGH=HIH9�:CF�K9GH9FB�GIF;9FM I5B;N<CI�.B=J9FG=HM�-CKB�'9=�!I5B�1=�+C58��)5BMI��=GHF=7HǴȎ¼ǥəɷŋŁĘġČ� �ĈĘġČÜ�ɷ�ŋ{ǽ~×ʥĘġČ×ʥ-9@�� .F;9BH�75F9��

!I=�*=5C�%CI��-<9�/")�5B8�"BH9FB5H=CB5@�&98=75@��9BH9F� GH��@CCF��!I=E=5C��I=@8=B;��'C� ��'CFH<� I5B;N<CI��J9BI9ŋ{ǽŋŁŅŋŁĘʊÕ ��í�šƢƦ� �Ʀ-9@�� <FG�

05@9G�"BH9FB5H=CB5@�&98=75@��9BH9F��%=B<9��CB;�%I��-=5B<9��=GHF=7H��9<=B8�"?95�ƛú{ɷ��íjĦīīĺòʭk<HHD��KKKK5@9G<CGD=H5@7CA��B;@=G<�

"BH9FB5H=CB5@� &98=75@� �9BH9F�� I5B;N<CI� �@=N569H<�0CA9B^G�!CGD=H5@��AI@H=@=B;I5@�:CF9=;B�8C7HCFG�5F9�5J5=@56@9�:CF�5DDC=BHA9BH!CH@=B9��A5=@�=BEI=F=9G�9@=N5<?��096G=H9��<HHD��9B9@=N5<?�88F9GG��'(��$5B;�05B;�3<CB;�+8��%=K5B��=GHF=7H�� I5B;N<CI�� ŋŁɅǊÖŒǤ~ɷ��í�%=B9�(B9��<9B��@5B��7589AM�&9HFC�,H5H=CB��L=H��ĉʗ íȢlʤīȌȔl�Âæ�

mh

CTS EXPRESS COACH Guangzhou � Hong Kong

HUAXIA HOTEL

CHINA HOTEL

DONGSHAN HOTEL

GARDEN HOTEL

HAITAO HOTEL

YUNLAISIBAO HOTEL

HONGKONG DESTINATION

N. Tren

1 05:15 05:30 / / 05:45 05:50 2 5 6

2 06:10 06:30 / / 06:45 06:50 3 5 6

3 06:40 07:00 / / / / 3 5 6

4 07:10 07:30 / / / / 3 5 6

5 / / 07:00 07:15 07:30 07:35 3 5 6

6 / / / 07:45 08:00 08:05 3 5 6

7 07:40 08:00 / / / / 3 5 6

8 08:10 08:30 / / / / 3 5 6

9 / / / 08:15 08:30 08:35 3 5 6

10 08:40 09:00 / / / / 3 5 6

11 09:10 09:30 / / / / 5 6 8

12 / / / 09:15 09:30 09:35 5 6 8

13 09:40 10:00 / / / / 5 6 8

14 10:10 10:30 / / / / 5 6 8

15 11:10 11:30 / / / / 5 8

16 11:40 12:00 / / / / 2 5

17 12:10 12:30 / / / / 5 8

18 13:10 13:30 / / / / 5 8

19 / / 13:00 13:15 13:30 13:35 5 8

20 14:30 14:00 / / / / 2 5

21 14:10 14:30 / / / / 5 8

22 / / / 14:15 14:30 14:35 5 8

23 14:40 15:00 / / / / 2 5

24 15:10 15:30 / / / / 5 8

25 15:40 16:00 / / / / 2 5

26 16:10 16:30 / / / / 5 8

27 16:40 17:00 / / / / 5 8

28 17:10 17:30 / / / / 5 8

29 17:40 18:00 / / / / 5 8

30 18:25 18:45 / / / / 1 5

31 / / / 19:15 19:30 19:35 5 8

32 19:10 19:30 / / / / 1

33 19:55 20:15 / / 20:30 20:35 1

34 20:40 21:00 / / / / 1 SAT

OVERTIME 05:40 06:00 / / / / 5 6 9 SAT

OVERTIME 06:55 / / / / / 5 6 9 SAT

OVERTIME 07:25 / / / / / 5 6 9 SUNDAY

OVERTIME 16:25 16:45 / / / / 2 5 SUNDAY

OVERTIME 17:25 17:45 / / / / 1 5 SUNDAY

OVERTIME 19:35 19:50 / / / / 1

Through Shenzhen port customs

mh

CTS EXPRESS COACH Hong Kong � Guangzhou

Wangjiaozhonglushe Taizizhonglushe Quanwandehaijie Tongluowan Wanzaizhonglushe Shanghuan Yuanlangxijingjie Tunmenrenzhenjie Huanggangkouan Shenzhenwankouan

N. Tren

1 / 07:15 / / 06:50 07:00 07:20 07:45 / 08:30 2 07:20 07:30 07:50 07:20 07:35 07:45 / / / 09:00 3 08:20 08:30 08:50 08:20 08:35 08:45 08:50 09:15 / 10:00 4 09:20 09:30 09:50 09:20 09:35 09:45 09:50 10:15 / 11:00 5 09:50 10:00 10:20 09:50 10:05 10:15 / / / 11:30 6 10:20 10:30 10:50 10:20 10:35 10:45 10:50 11:15 / 12:00 7 10:50 11:00 11:20 / / / / / / 12:30 8 11:20 11:30 11:50 11:20 11:35 11:45 / / / 13:00 9 11:50 12:00 12:20 / / / / / / 13:30 10 12:20 12:30 12:50 12:20 12:35 12:45 12:50 13:15 / 14:00 11 12:50 13:00 13:20 12:50 13:05 13:15 / / / 14:30 12 13:20 13:30 13:50 13:20 13:35 13:45 / / / 15:00 13 13:50 14:00 14:20 13:50 14:05 14:15 / / / 15:30 14 14:20 14:30 14:50 14:20 14:35 14:45 / / / 16:00 15 / / / 14:50 15:05 15:15 / / / 16:30

16 / !

15:15 !

/ / / / / / 16:30 / 17 15:20 15:30 15:50 15:20 15:35 15:45 15:50 16:15 / 17:00 18 15:50 16:00 16:20 15:50 16:05 16:15 / / / 17:30

19 / !

16:15 !

/ / / / / / 17:30 / 20 16:20 16:30 16:50 16:20 16:35 16:45 / / / 18:00

21 / !

17:15 !

/ 16:50 17:05 17:15 / / 18:30 / 22 / / / 17:20 17:35 17:45 / / / 18:45 23 17:20 17:30 17:50 / / / / / / 19:00 24 17:35 17:45 / / / / / / 19:00 /

25 / !

18:15 !

/ 17:50 18:05 18:15 / / 19:30 / 26 18:20 18:30 18:50 18:20 18:35 18:45 / / / 20:00 27 18:35 18:45 / / / / / / 20:00 / 28 19:05 19:15 / 18:50 19:05 19:15 / / 20:30 / 29 19:20 19:30 19:50 19:20 19:35 19:45 / / / 21:00 30 19:35 19:45 / / / / / / 21:00 / 31 20:05 20:15 / 19:50 20:05 20:15 / / 21:30 / 32 20:35 20:45 / / / / / / 22:00 / 33 21:05 21:15 / / / / / / 22:30 / 34 21:35 21:45 / / / / / / 23:00 / 35 22:05 22:15 / / / / / / 23:30 /

!

!

Transfer by daytime Bus !

mf

Hong Kong � Dongguan� Guangzhou Guangzhou � Dongguan�Hong Kong

N. Tren Salida Hong Kong

Llegada Dongguan

Llegada Guangzhou N. Tren Salida

Guangzhou Llegada

Dongguan Llegada

Hong Kong

T812 07:25 08:36 09:20 T801 08:19 09:03 10:12 T824 08:18 09:26 10:09 T807 09:03 09:47 10:56 T820 09:24 10:35 11:19 T813 09:50 10:34 11:43 T804 10:42 11:53 12:37 T823 10:39 11:23 12:29 T808 11:28 / 13:23 T817 12:12 / 14:07 T814 12:14 / 14:09 T809 13:52 14:37 15:46 T826 13:10 14:18 15:01 T825 15:31 16:14 17:21 T818 14:47 15:58 16:42 T815 16:12 16:56 18:05 T810 16:35 17:46 18:29 T803 16:56 17:40 18:49 T828 17:50 18:58 19:41 T819 18:15 18:59 20:08 T816 18:35 19:46 20:30 T827 20:15 20:58 22:05 T802 19:24 20:35 21:19 T811 21:32 / 23:25

!

I)1.-6$%;%#"

'ESUWE#NJ#FEPUGMJ##SJQJ#]EG

ZTF#GTNT#

;AA#'.4#

JN#J`T

FOQAXA?AI#L#NHEIP!A?HI#FE#NYCEAK-%#(*0(M& 6#T(++D& "4& ?%5#(*D& 0*& '90*(V&

"=��=<5�.67�!3<�+/7��/��73��6/=G/<5�10+250/2&

& K=+25(-0(M& 6#T(++D& "4& K=+25(-0(& 0*& '90*(V&

^"P[gM& 1"*:@90#%*j(0& 1(F0%M& ;(*& X0& U=*M&

'9("D(*:&10+250/2M&Q%0F0*:&&&

K=+250(M&6#T(++D&"4&K=+250(&0*&'90*(V

^"P&mM&{0=&;9=0&^(*&\0%M&\0(*&?="&S%*&b(0M&

;(*&X0&U=*M&'9("D(*:&10+250/2M&Q%0F0*:&&&&

'(*()(M&6#T(++D&"4&'(*()(&0*&'90*(V&

"=��=<5�.67�!3<�+/7��/��73��6/=G/<5�10+250/2M&Q%0F0*:&&&&

'"-"#T0(V&̂ "P&ecM&?=(*:&B=(&X=M&'9("D(*:&

10+250/2&

<5(*/0(M&6#T(++D&"4&<5(*/%&0*&'90*(V&^"PeM&

1"*:& ;(*& \0%M& ;(*& X0& U=*M& '9("D(*:&10+H

250/2M&Q%0F0*:&&&&

K-%#(*0(M&6#T(++D&"4&?%5#(*D& 0*&'90*(& V&

"=��=<5�.67�!3<�+/7��/��73��6/=G/<5�10+250/2M&Q%0F0*:&&&&&

J*)0(M&6#T(++D&"4&J*)0(&0*&'90*(V&̂ "PgM&!0&U(*&

1"*:&X=M&Q%0F0*:&&&&

J*)"*%+0(M& 6#T(++D&"4& J*)"*%+0(& 0*&'90*(V&

"=�� =<5� .67� !3<�+/7� �D3<C3�� 6/=HD(*:&10+250/2M&Q%0F0*:&&&&&&

J2(-0(M&6#T(++D&"4&J2(-D&0*&'90*(V&

^"P& [M&1"*:&65& \0%M& ;(*&X0& U=*M&'9("D(*:&

10+250/2M&Q%0F0*:&&&

\($"*M&6#T(++D&"4&\($(*&0*&'90*(V&

^"Ph&!02(*&!"()M&\0(*&?="&S%*&b(0M&'9("H

D(*:&10+250/2&&&

S(-(+0(M&6#T(++D&"4&S(-(D+0(&0*&'90*(V&

^"P&[M&X0(*:&S(&a0("&Q%0&\0%M&'9("D(*:&10+H

250/2&&&

S%80/"M&6#T(++D&"4&S%80/"&0*&'90*(V&^"P&mM&

1"*:&b=&;25%%2M&;(*&X0&U=*M&Q%0F0*:

"C3D/�.3:/<2/��;0/AAG�=4�"3E�.3/:/<2�7<�'90*(V&^"PgM&!0&U(*&1"*:&65&\0%M&'9("D(*:&

10+250/2&&&&

,90-0$$0*%+M&6#T(++D&"4&,90-0$$0*%+& 0*&'90H

*(V&^"P& [e&{0=&;9=0&Q%0& \0%M& \0(*&?="&S%*&

b(0M&Q%0F0*:&&&

,"52=:(-M&6#T(++D&"4&,"52=:(-&0*&'90*(V&

^"P&fM&1"*:&b=&\0%M&;(*&X0&U=*M&'9("D(*:&

10+250/2&&&

!=++0(M&6#T(++D&"4&!=++0(&0*&'90*(V&

"=��37�.6=<5��73��=<5�.67�!3<��3787<5��

;0*:($"5%M&6#T(++D&"4&;0*:($"5%&0*&'90*(V&

^"P& g& {0=& ;9=0& Q%0& \0%M& \0(*&?="&S%*&b(0M&

'9("D(*:&10+250/2&&&

I"5%(&)%-&;=5M&6#T(++D&"4&;"=29&I"5%(& 0*&

'90*(V& ^"P& [dM& 1"*:4(*:& 1"*:& X=M& '9("H

D(*:&10+250/2&&&

;$(0*M& 6#T(++D& "4& ;$(0*& 0*& '90*(V& ^"P& oM&

;(*&X0&U=*&X=M&'9("D(*:&10+250/2

'"*+=-(2%&?%*%5(-& "4& ;$(0*& 0*&?=(*:@9"=&

K))PV& mdgrmdhrmdf& <=-0& '%*2%5M& gd& B=(80(&

&=/2�.6C87/<5�<3E�B=E<�(3:�� &&

;=0@(M&6#T(++D&"4&;j02@%5-(*)&0*&'90*(V&^"P&

eM&1"*:&b=&\0%M&;(*&X0&U=*M&'9("D(*:&10+H

250/2&&&

!%0*"&]*0)"M&6#T(++D&"4&]I& 0*&'90*(V&^"P&

ggM&?=(*:&B=(&X=M&\0(*&?="&S%*&b(0M&Q%0F0*:&&&&

]P;PKM& 6#T(++D& "4& ];K& 0*& '90*(V& U0(*@%&

!"()M& '9("D(*:&10+250/2M& /-"+%& 2"& 29%& X(H

)0%+s& ;25%%2M& 29%& I%#$0*+>0& B"2%-& (*)& 29%&

X=429(*+(&;9"$$0*:&'%*2%5M&Q%0F0*:P

&

U9%&]P;P& '"*+=-(2%&?%*%5(-& 0*& ?=(*:@9"=&

^"Pg& ;9(*:#0(*& ;"=29& ;25%%2M;9(*:#0(*&

J+-(*)& ?=(*:@9"=M& ,P!P'P& '"R%5+V& ?=(*:H

)"*:M& ?=(*:80M& <=F0(*& (*)& B(0*(*P& U%-V&

Yfk[dZ&fg[gfddd

<0)-(*)0(V& X%R%-& [kM& ;"=29& U"j%5M& Q%0F0*:&

I%55D&'%*25%M&^"PgM&?=(*:&B=(&!"()&&&

<5(*/0(M&6#T(++D&"4&<5(*/%&0*&'90*(V&^"PeM&

1"*:&;(*&\0%M&;(*&X0&U=*M&'9("D(*:&10+250/2&&&

?9(*(V&^"P&fM&;(*&X0&U=*&!"()M&'9("D(*:&

10+250/2&&&

?5%%/%V&^"P&goM&?=(*:9=(&!"()M&'9("D(*:&

10+250/2&&&

?5%*()(V&mH[Hm[M&U(&_=(*&10$-"#(20/&'"#H

$"=*)&Q=0-)0*:&&&

?=0*%(V&^"P&[M&{0&X0=&\0%M&;(*&X0&U=*M&'9("H

D(*:&10+250/2&&&

?=0*%(HQ0++(=V&[H[HgdgM&U(&_=(*&10$-"#(20/&

'"#$"=*)M&'9("D(*:&10+250/2&&&

?=D(*(V&^"P&gM&{0=&;9=0&1"*:&\0%M&\0(*&?="&

S%*&b(0&&&

B=*:(5DV&"=��=<5�.67�!3<�+/7��/��73��;(*&X0&U=*&&&

J/%-(*)V&!""#&fd[M&U"j%5&gM&X(*)#(5>&Q=0-H

)0*:M&^"Pf&1"*:&;(*&B=(*&Q%0&X=&&&

J*)0(M&6#T(++D&"4&J*)0(&0*&'90*(V&̂ "PgM&!0&U(*&

1"*:&X=&&&

J*)"*%+0(M& 6#T(++D& "4& J*)"*%+0(& 0*&'90*(V&

"=�� =<5� .67� !3<�+/7� �D3<C3�� 6/=HD(*:&10+250/2&&&

J5(*V&^"P&geM&1"*:&X0=&\0%M&;(*&X0&U=*&&&

J5(OV&^"P&[mM&{0=&;9=0&Q%0&\0%M&\0(*&?="&S%*&

b(0&&&J5%-(*)V&^"P&eM&!0&U(*&1"*:&X=M&'9("H

D(*:&10+250/2&&&

J+5(%-V&"=��(7/<�.3�&=/2��6/=G/<5��7AH250/2&&&

J2(-DM&6#T(++D&"4&J2(-D&0*&'90*(V&^"P&[M&1"*:&

65&\0%M&;(*&X0&U=*M&'9("D(*:&10+250/2&&&

kg

\(#(0/(V&!""#&kH[Hh[M&\0(*:="#%*j(0&10H

$-"#(20/&'"#$"=*)M&^"P&g&{0=&;9=0&\0%&&&

\($(*M& 6#T(++D& "4& \($(*& 0*& '90*(V& ^"Ph&

!02(*&!"()M& \0(*&?="&S%*&b(0M&'9("D(*:&

10+250/2&&&&

X("+V&^"P&ggM&1"*:&;0&;25%%2M&;(*&X0&U=*&&&

X=8%#T"=5:V&^"P&[gM&^%0&b=&Q=&;25%%2&&&

S(/%)"*0(V&^"P&eH[H[gM&;(*&X0&U=*&10$-"#(H

20/&'"#$"=*)&&&

S(-(D+0(M&6#T(++D&"4&S(-(D+0(&0*&'90*(V&^"P&

[M&X0(*:&S(&a0("&Q%0&\0%M&'9("D(*:&10+250/2&&&

S%80/"M&6#T(++D&"4&S%80/"&0*&'90*(V&^"P&mM&

1"*:&b=&;25%%2M&;(*&X0&U=*&&&

S"*:"-0(V&^"P[M&{0=&;9=0&Q%0&\0%M&\0(*&?="&

S%*&b(0&1(&\0%& & &S"5"//"V&^"P& gkM&;(*&X0&

U=*&X=M&'9("D(*:&10+250/2&&&

S"@(#T0O=%V& gHhH[M& U(& _=(*& 10$-"#(20/&

#4U13��C7:27<5��"=�� 7/<5�!/��3�"/<� C��

SD(*#(5V&"=��=<5�.67�!3<�+/7��/��73��'9("D(*:&10+250/2&&&

^(#0T0(V&��(/�-C/<��7>:=;/B71�#4U13�Q=0-)0*:&&&

^%$(-V&^"P&gM&{0&X0=&\0%M&;(*&X0&U=*&X=&&

^%29%5-(*)+V&^"PcM&X0(*:&S(&B%&^(*&X=&&&

"3E�.3/:/<2��;0/AAG�=4�"3E�.3/:/<2�7<�'90*(V&^"PgM&!0&U(*&1"*:&65&\0%M&'9("D(*:&

10+250/2&&&

^0:%50(V& ^"P& [M& 1"*:&b=& \0%M& ;(*& X0& U=*M&

'9("D(*:&10+250/2&&&

^"529&I"5%(V&^"P&ggM&!0&U(*&Q%0&X=M&\0(*&?="&

S%*&b(0M&'9("D(*:&10+250/2&&&&

A#(*V&^"P&kM&X0(*:&S(&B%&^(*&X=M&;(*&X0&

(C<��$/97AB/<��"=��=<5�.67�!3<�+/7��/�\0%M&'9("D(*:&10+250/2&&&

,(-%+20*%V&^"P&[M&1"*:&;(*&\0%M&;(*&X0&U=*M&

'9("D(*:&10+250/2&&&

,($=(&^%j&?=0*%(V& [HggH[& U(& _=(*&10$-"H

;/B71�#4U13��C7:27<5��6/=G/<5��7AB@71B��

,%5=V& gHogM& ;(*&X0&U=*&10$-"#(20/&Q=0-)0*:M&

'9("D(*:&10+250/2&&&

,90-0$$0*%+M&6#T(++D&"4&,90-0$$0*%+& 0*&'90H

*(V&^"P&[e&{0=&;9=0&Q%0&\0%M&\0(*&?="&S%*&b(0&&

,"-(*)M&6#T(++D&"4&,"-(*)&0*&'90*(V&

^"PgM&!0& U(*&X=M& \0(*&?="&S%*&b(0M&'9("H

D(*:&10+250/2&&&

,"52=:(-M&6#T(++D&"4&,"52=:(-&0*&'90*(V&^"P&

fM&1"*:&b=&\0%M&;(*&X0&U=*M&'9("D(*:&10+H

250/2&&&

a(2(5V&�� 7/<5�!/�%7/=��7>:=;/B71�#4U13�'"#$"=*)M&'9("D(*:&10+250/2&&

!"#(*0(V&!0&U(*&X=&1"*:&65&\0%&&&

!=++0(M& 6#T(++D& "4& !=++0(& 0*& '90*(V& ^"PcM&

�37�.6=<5��73��=<5�.67�!3<��

!j(*)(V&^"PedM&{0=&;9=0&Q%0&\0%M&'9("D(*:&

10+250/2&&&

;(=)0&K5(T0(V&^"P&gM&Q%0&{0("&\0%M&;(*&X0&U=*&&&

;%*%:(-V� �� =<5�+/7��7>:=;/B71�#4U13��C7:27<5��"=��=<5�.67�!3<�+/7��/��73��

;%5T0(V&^"PgM&1"*:&X0=&\0%M&;(*&X0&U=*&&&

;%D/9%--%+V&!""#&ggdmM&29%&;$(/%+&J*2%5*(H

20"*(-&'%*25%M&^"P&f&1"*:&1(&a0("&X=&&&

;0%55(& X%"*%V& ^"PhM& 1"*:@90& S%*& b(0& 1(&

\0%M&;(*&X0&U=*&&&

;0*:($"5%M&6#T(++D&"4&;0*:($"5%&0*&'90*(V&

^"P& g& {0=& ;9=0& Q%0& \0%M& \0(*&?="&S%*&b(0M&

'9("D(*:&10+250/2&&&

;-"R(>0(V&!0&U(*&X=M&\0(*&?="&S%*&b(0&1(&

\0%&&&;-"R%*0(V&^"P&mhM&Q-"/>&<M&_(&a=&_=(*M&

I0*:s+&?(5)%*&.0--(+M&^"P&gfM&{0("&_=*&!"()

;"=29&K450/(V&"=�� =<5�.67�!3<�+/7��/��73&&&

;"=29& I"5%(M& 6#T(++D& "4& ;"=29& I"5%(& 0*&

'90*(V& ^"P& [dM& 1"*:4(*:& 1"*:& X=M& '9("H

D(*:&10+250/2&&&

;$(0*M& 6#T(++D& "4& ;$(0*& 0*& '90*(V& ^"P& oM&

;(*&X0&U=*&X=M&'9("D(*:&10+250/2&&&

;50&X(*>(V&^"P&eM&\0(*&B=(&X=M&\0(*&?="&S%*&

b(0&&&;=)(*V&^"PgM&1"*:&65&\0%M&;(*&X0&U=*&&&

;=50*(#%V&[H[H[[M&\0(*:="#%*j(0&10$-"#(H

20/&'"#$"=*)&&&

;j%)%*V�"=��=<5�.67�!3<�+/7��/��73��;(*&X0&U=*M&'9("D(*:&10+250/2&&

;j02@%5-(*)M& 6#T(++D& "4& ;j02@%5-(*)& 0*&

'90*(V&^"P&eM&1"*:&b=&\0%M&;(*&X0&U=*&&&

;D50(V&^"P&kM&1"*:&;0&\0%M&;(*&X0&U=*&&&U(F0>0+H

2(*V&^"P&gHcM&;%/20"*&KM&X0(*:#(O0("&10$-"H

#(20/&'"#$"=*)&&&

U(F0>0+2(*V&^"P& gHcM&;%/20"*&KM&X0(*:#(O0("&

10$-"#(20/&'"#$"=*)&&&

U(*@(*0(V&^"P&fM&X0(*:&S(&B%&^(*&X=M&;(*&

X0&U=*&&&

U9(0-(*)V&^"Pcd&?=(*:&B=(&X=&&&

U0#"5HX%+2%V&^"PgmkM&?"-)&J+-(*)&10$-"#(20/&

'"#$"=*)M&^"P&gM&{0&Q(&B%&^(*&X=&&&

U":"V& "=�� =<5� .67� !3<� +/7� �/� �73��'9("D(*:&10+250/2&&&

U"*:(V&;=02%&edd[M&6#T(++D&B"=+%M&^"P&gfM&

�=<5�.67�!3<�+/7�,7/=��73��

U=*0+0(V&^"P&gM&;(*&X0&U=*&1"*:&\0%&&&

U=5>%DV&^"P&oM&1"*:&b=&\0%M&;(*&X0&U=*&&

&

U=5>#%*0+2(*V& I0*:s+& ?(5)%*& .0--(& _(& a=&

_=(*& 1HgM& ^"Pgf& {0("D=*& !"()M& '9("D(*:&

10+250/2&&&

]PKP6PV& XK& gdHdcM& X0(*:#(O0("& 10$-"#(20/&

!%+0)%*/%& '"#$"=*)M& ^"P& [[& 1"*:4(*:H

)"*:&X=&&&

]:(*)(V&^"P&mM&;(*&X0&U=*&1"*:&\0%M&'9("H

D(*:&10+250/2&&&

]PIM&6#T(++D&"4&]I&0*&'90*(V&^"P&ggM&?=(*:&

B=(&X=M&\0(*&?="&S%*&b(0&&&

]>5(0*%V&^"P&ggM&1"*:&X0=&\0%M&;(*&X0&U=*&&&

]5=:=(DV&"=��(/�-C/<�#4U13��C7:27<5��

]P;PKM& 6#T(++D& "4& ];K& 0*& '90*(V& U0(*@%&

!"()M&'9("D(*:&10+250/2M&/-"+%&2"&b"#%*s+&

;25%%2&(*)&I%#$0*+>0&B"2%-&&&

]@T%>0+2(*V&^"P&ggM&Q%0&{0("&\0%M&;(*&X0&U=*&&&

.(*=(2=V&eHgHggM&;(*&X0&U=*&10$-"#(20/&'"#H

$"=*)&&

.%*%@=%-(V&^"PgcM&;(*&X0&U=*&X=&&&

.0%2*(#V&^"P& e[M&?=(*:&B=(&X=M& \0(*&?="&

S%*&b(0&&&

_%#%*V&^"PmM&1"*:&;(*&\0%M&;(*&X0&U=*&&&

./;07/��^"P&mM&1"*:&;0&;25%%2M&;(*&X0&U=*M&

'9("D(*:&10+250/2&&&

.7;0/0E3��^"P&hM&1"*:&;(*&\0%M&;(*&X0&U=*

k[

B"-(&

Ea=7&2(-G&&

K)0"+&&&&&&&&&&&

B(+2(&-=%:"&&&&&

B(+2(&#(C(*(

?5(/0(+&&&&&&&&&&&

,"5&4(R"5&&&&&&&&&

,%5)N*&&&&&&&&&&&&

'"55%/2"&+0&&&&&&

1%&*()(&*"&0#$"52(

1%&*()(&&&&&&&&&&&

6*/(*2()"

]*&#"#%*2"M&$"5&4(R"5

,(5%&(O=3

S%&--(#"&

1%+(53(

^"&O=0%5"

Ea=7G

X"&+%&&

^"&-"&+%&&

E1"*)%&%+2(G&

E'=(*2"&/=%+2(G

Ea=7&9"5(&%+G

EB(T-(+&%+$(C"-G

EB(T-(+&0*:-%+G&&&&

B(T-"&=*&$"/"&)%&/90*"

B(Dr2%*:"&&

^"&9(Dr*"&2%*:"r*"

6+2%r%+2"&

6+%r%+"&

KO=3

K--3

K%5"$=%52"&

6+2(/0N*&)%&25%*&

'"55%"+&&

6+2(/0N*&)%&$"-0/3(&&

B"+$02(-&&&&&&&&&

<(5#(/0(&&

B"2%-&&

!%+2(=5(*2%&

<(/2=5(&

U%-74"*"

¦ĝ��¦ĝôo�½ɛp�¯ɛƋęɛiɭɭ��ɪ��İwɴİƺ¹ȞƺʟʴŨśʽºɟɤ¦ɪȖpv�®Ĉʃʑ�ŨébbŨɚ��Ũwɚ��oȁʊ�wȁʊbbĈþʑoĖĵʖǦĈÀǕ�o¦�ɩəǨǟɨô�¦�ɩɃɨôoŨ�ɩpǕǕƶɨƔ�ƺƔʃ}��ʋ}��ʃʑ�ʋʑ��ʶƗĊǓɸȔʌĸ��ǃÂŬ×ʥ��ɇŎʏŎ�ĭʹ��ʸʹ�ãȍǱɦ��

^0&9("&&&&&&&&&&&&&&&&&

^0&9("&#(G&&&&&&&&&&

./787/<��

_0&9=05&F0(*&&&&&&&&&&&&&&

S0*:&20(*&F0(*&&&&&&&&&&&&

{0%&80%&&&&&&&&&&&&&&&&&&

?0*:&&&&&&&&&&&&&&&&&&

1=0&T=&O0&&&&&&&&&&&&&&&

1=0&&&&&&&&&&&&&&&&&&&&

S%0&:=(*&80&&&&&&&&&&&&&&

S%0&j%*&20&&&&&&&&&&&&&&

b"&9%*&:("&80*:5%*&+90&*0&&&

?0*:&)%*:&D0&80(&&&&&&&&&&&

U0*:&@(0&@9%&-0&&&&&&&&&&&&&

b"&F0("bb&&&&&&&&&&&

b"&D("&&&&&&&&&&&&&&&&&&

b"&T=&D("&&&&&&&&&&&&&&&&

;9%*&#%&&&&&&&&&&&&&&&&&

b"&@90&)("&&&&&&&&&&&&&&

Q=&@90&)("&&&&&&&&&&&&&&&&&

./7</:7��

1="&+9("&O0(*&&&&&&&&&&&&&&

{0(*&@(0&F0&)0(*&-%G&&&&&&&&&*0&9=0&

+9="&80&T(*&D(&D=&#(G&^0&9=0&

;9="&D0*:&D=&#(G&&&

b"&9=0&+9="&D0&)0(*&9(*&D=0&

_"=&&&&&&&&&&&&&&&&&

S%0&D"=&&&&&&&&&&&&&&&

.63�53��

^(&:%&&&&&&&&&&&&&&&&&

.63�:7��

^(&-0&&&&&&&&&&&&&&&&&&

<%0&F0&/9(*:&&&&&&&&&&&&&&

B="&/9%&@9(*&&&&&&&&&&&&

_"=&F=&&&&&&&&&&&&&&&&

,(0&/9=&+="&&&&&&&&&&&&&

_0&D=(*&&&&&&&&&&&&&&&&

_("&)0(*&&&&&&&&&&&&&&&

\0=)0(*rT0*:=(*&&&&&&&&&&&

'(*&:=(*&&&&&&&&&&&&&&&&&

<(&$0("&&&&&&&&&&&&&&&&&

10(*&9=(&&&&&&&&&&&&&&&&&

B%--"

B"j&(5%&D"=G

?"")&TD%

;%%&D"=

;%%&D"=&2"#"55"j

U9(*>+

,-%(+%

;"55D

!0:92MD%+

_"=&(5%&j%-/"#%

_"=&(5%&j%-/"#%

^0/%&2"&#%%2&D"=

b(02&(&+%/"*)

;2"$&9%5%

SD&*(#%&0+

'(*&0&9(R%

1"*s2&j(*2

b9(2G

&0&>*"j

0&)"*s2&>*"j

b9%5%&0+PPPG

B"j&#=/9&0+&02G

b9(2&20#%&0+&02G

'(*&D"=&+$%(>&;$(*0+9G

'(*&D"=&+$%(>&6*:-0+9G

'(*&+$%(>&+"#%&'90*%+%G

U9%5%&0+r0&9(R%

U9%5%&0+*s2r0&)"*s2&9(R%

U90+

U9(2

B%5%

U9%5%

K05$"52

!(0-j(D&+2(20"*

$=AB�=4U13

,"-0/%&+2(20"*

B"+$02(-

'9%#0+2s+

B"2%-

!%+2(=5(*2

Q0--

,9"*%

F10"2/& N96*"Z9"*.6[

O"*("-8*Z06*\6*[

F*]&619

kc

Guangzhou Metro

kh

中国CHINA LATINO edición Mayo

Documents

Transcript of 中国CHINA LATINO edición Mayo