Uv Protection Textile Materials

8/10/2019 Uv Protection Textile Materials

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I(>*+=J(1= /H #(B=K2( #(,-1/2/DLM*11*+K !JJ*1 N1)=K=0=( /H #(,-1/2/DL

O*=-L*J*1D*2*J PQRS;83 $+/G( IK)=53 N1GK*T-? ;S:FU ::8:RF3 V*B? ;S:F: ::Q66U9*K2 KG? G-*>*=-(:;;8W+(GKHHJ*K25,/J

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#$%&'()*$+% &'-. /*0.%)%1%+ ' (+&- $*2 3&'/%)*0 )0 %4+ .*$'& .5+/%&16 71% )03$1+0/+ '$$ $)()08*&8'0).6. '09 %4+)& 6+%'7*$).6.: ;4+.+ &'9)'%)*0. /'0 /'1.+ ' &'08+ *3 +33+/%. 3&*6.)65$+ %'00)08 %* 4)84$- 6'$)80'0% . 2*L(+ /H =-( )ZK1 2(*G) =/G*J*D( K1 =-( 2/A(+ 2*L(+ *1G >+/G0,() >+(J*=0+( *D(K1D /H )ZK1 *1G /=-(+ (HH(,=) K1,20GK1D

+/0D-(1K1D3 X2/=,-()3 )*DDK1D3 A+K1Z2()3 )[0*J/0) ,(22) *1G X*)*2 ,(22 ,*1,(+5 9*1L >(/>2( 2/Y()01X*=-K1D3 =-(+(XL (B=(1GK1D =-( 2/1D =(+J +K)Z =/ =-(K+ -(*2=-5 T(+)/1) A/+ZK1D K1 =-( />(1*=J/)>-(+( *+( *2)/ >+/1( =/ Z(+*=/)(3 =-( >+(,0+)/+ /H )ZK1 ,*1,(+5 !0)=+*2K* -*) -KD- 2(Y(2) /H )/2*+"4 +*GK*=K/13 J*K12L X(,*0)( /H K=) D(/D+*>-K,*2 >/)K=K/1\ 7(A ](*2*1G3 "O!3 OAK=^(+2*1G3 7/+A*L3O,/=2*1G3 M+K=*K1 *1G O,*1GK1*YK*1 ,/01=+K() *2)/ -*Y( -KD- J(2*1/J* +*=()5

!" 439-L)K,K)=) X*)(G /1 =-( >+/>(+=K() /H =-( +*GK*=K/15#-( =(+J "4! +(>+()(1=) =-( +(DK/1 Q:; ` S;; 1J3 =-( =(+J "4 M +(>+()(1=) =-( +(DK/1 X(=A((1 "4

d *1G "4 !3 K5(5 :F; ` Q:; 1J3 *1G "4d +(DK/1 +(>+()(1=) =-( +(DK/1 X(2/A :F; J 5 #-( /+G(+ /H>/=(1,L -*) X((1 G(,KG(G *) "4d e "4M e "4! e5 #-( >+/>/+=K/1 /H =-( "4 +(DK/1 K) *X/0= U ` P f/H =-( =/=*2 K1,KG(1= +*GK*=K/13 *1G =-( [0*1=0J (1(+DL /H "4' K) )KJK2*+ =/ =-( X/1G (1(+DK() /H/+D*1K, J/2(,02() _8 E Q3 6 ` 8;a5

!" =>?8@:4= 369 A:B36 @C(,K*22L -0J*1)_8;3 88 ` 8Ra *1G =-( +(2*=K/1)-K> X(=A((1 )ZK1 ,*1,(+ *1G "4 G/)*D( K) A(22 ,/++(2*=(G5 d-*1D() K12(K)0+( X(-*YK/0+3 A-K,- -*) 2(G =/ J/+( H+([0(1= )01 (B>/)0+(3 *+( /1( /H =-( J*C/+ +(*)/1) H/+J*2KD1*1= ,0=*1(/0) J(2*1/J*5 OZK1 ,(22) =-*= +(,(KY( )012KD-= *X)/+X -*+JH02 "4 +*GK*=K/13 *1G)2/0D- /HH =/ (B,+(=( -*+JH02 "4 H+/J =-( X/GL5 M0= =-( *X)/+>=K/1 /H =// J0,- "4' 2(*G) =/ ),*+)=-*= ,*1 K1G0,( GK)(*)() 2KZ( )ZK1 ,*1,(+5 $B,())KY( "4 +*GK*=K/1 2(*G) =/ ,(22 G*J*D( *1G ,*0)()


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K1H2*JJ*=K/1 /H -0J*1 )ZK13 =-( /XYK/0) ,/1)([0(1,() /H A-K,- *+( (+L=-(J* /+ )01X0+1 _8:a5 #-(+(,K>+/,*2 Y*20( /H =-()( ,0=K,2( +*GK*=K/1 G/)() K) ,*22(G (+L=-(J* (HH(,=KY(1()) A-/)( J*BKJ0J/,,0+) *= Q;R 1J5 #-( =/=*2 "4' G/)( +(*,-K1D =-( )ZK1 K) *1 KJ>/+=*1= H*,=/+ K1 =-( /,,0++(1,( /HX/=- (+L=-(J* *1G )ZK1 ,*1,(+3 *2=-/0D- =-(+( K) 1/ >+/Y(1 2K1Z X(=A((1 (+L=-(J* *1G )ZK1 ,*1,(+_8Ua5 N1 =(+J) /H )(1)K=KYK=L =/ 2KD-= *1G =(1G(1,L =/ >KDJ(1=*=K/13 =-(+( *+( P X*)K, =L>() /H )ZK1 =-*=G(J*1G GKHH(+(1= 2(Y(2) /H "4 >+/=(,=K/1 _F3 8;3 8P3 8F ` ::a *) )-/A1 K1 #*X2( 85

'3DE= F2$HH(,= /H "4 +*L) /1 GKHH(+(1= =L>() /H )ZK1

OZK1 =L>(

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'K)Z 2(Y(2

N E h-K=( 8U ` Q; U E 8;M0+1) (*)K2L3 -*) =-( -KD-()= +K)Z /H >+(J*=0+(

)ZK1 *D(K1D *1G D+(*=()= +K)Z /H G(Y(2/>K1D)ZK1 ,*1,(+

NN E h-K=( :U ` QU R E 8: M0+1 *1G /12L +*+(2L =*1

NNN E M+/A1K)- Q; ` U; 8; E 8U #*1 *1G /,,*)K/1*22L X0+1

N4 E M+/A1 SU ` P; 8U E :; #*1 *1G /,,*)K/1*22L X0+1

4 E M+/A1 P; ` 8;; :; E QUO0HHK,K(1= 2(Y(2) /H J(2*1K1 *1G +*+(2L X0+1)3

(*)K2L =*14N ` I*+Z M+/A1 EM2*,Z

8;; ` :;; QU E 6;O0HHK,K(1= 2(Y(2) /H J(2*1K1 >KDJ(1= >+/YKG(

>+/=(,=K/15 4(+L +*+(2L X0+1)3 (*)K2L =*1

#-( JK1KJ*2 (+K=-(J*2 G/)( b9$Ic K) *>>*+(1=2L ,/1)K)=(1= AK=- * H*K+ ,/J>2(BK/13 X0= )-/A)Y*+K*=K/1) *J/1D >(/>2( /H =L>() NNN *1G N45 V/+ >+*,=K,*2 >0+>/)()3 =-( >/>02*=K/1 ,/02G X( ,2*))KHK(GK1=/ =A/ J*K1 D+/0>)3 )(1)K=KY( *1G 2()) )(1)K=KY( K1GKYKG0*2) _::a5

08E34 !" G !" ?487=;7+/=(,=K/1 H*,=/+ b"TVc *1G )/2*+ >+/=(,=K/1 H*,=/+bOTVc -*Y( X((1 *G/>=(G =/ ,+(*=( *A*+(1()) *J/1D =-( D(1(+*2 >0X2K, /H =-( G(2(=(+K/0) (HH(,=) /H

"4 +*GK*=K/1) _P3 8U3 :Q ` :6a5 != * DKY(1 A*Y(2(1D=-3 (2(,=+/J*D1(=K, +*GK*=K/1 J*L X( +(H2(,=(G3*X)/+X(G /+ =+*1)JK==(G XL *1L DKY(1 /XC(,=5 NH =-( +()>/1)( /H =-( )L)=(J *= (*,- A*Y(2(1D=- K) *2K1(*+ H01,=K/1 /H =-( G/)(3 =-(1 =-( +()>/1)( b'c XL * X+/*G )>(,=+0J K) DKY(1 _:Sa XL =-( H/22/AK1DH/+J02*?

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A-(+( N b 3 =c K) =-( K++*GK*1,( *= A*Y(2(1D=- 3 = K) =KJ( *1G bc K) =-( ,+/))E)(,=K/1 H/+ (2K,K=K1D =-K)+()>/1)( *= A*Y(2(1D=-) 5 #-( ,-*1D() K1 =-( )>(,=+0J -*Y( X((1 ,/Y(+(G XL K1,20GK1D =KJ( *) *1*+D0J(1= /H =-( K++*GK*1,( H01,=K/1 *1G *) * Y*+K*X2( /H K1=(D+*=K/15

#-( "4 K1G(B K) G()KD1(G =/ >+/YKG( =-( >0X2K, AK=- * 10J(+K,*2 K1GK,*=K/1 /H =-( J*BKJ0J >/=(1=K*2)/2*+ "4' 2(Y(2 G0+K1D =-( G*L\ =-( -KD-(+ =-( 10JX(+3 =-( -KD-(+ =-( )/2*+ "4' -*^*+G _:8a5 #-(

D2/X*2 )/2*+ "4 N1G(B K) * J(*)0+( /H =-( -KD-()= 2(Y(2 /H "4' (Y(+L G*L3 *1G =-( "4N K) ,*2,02*=(G0)K1D Y*+K/0) K1>0= >*+*J(=(+) )0,- *) =-( /^/1( 2(Y(23 >/=(1=K*2 ,2/0G ,/Y(+3 A*=(+ Y*>/0+ *1G*(+/)/2) _:Ra5 #-( "4 K1G(B K) +(>/+=(G *) =-( J*BKJ0J XK/2/DK,*22L (HH(,=KY( )/2*+ *Y(+*D( "4'b"4'(HHc H/+ =-( G*L3 *1G K) *1 *Y(+*D( =*Z(1 /Y(+ (K=-(+ 8; /+ Q; JK10=()5 #-( "4' K) 0)0*22L -KD-()=*+/01G JKGG*L X0= =-( =(J>(+*=0+( K) /H=(1 -KD-()= 2*=(+ K1 =-( *H=(+1//15 "4' K1G(B Y*20() *+(D+/0>(G K1=/ HKY( (B>/)0+( ,*=(D/+K() _:83 :U3 :6a3 H+/J 2/A =/ (B=+(J( AK=- GKHH(+(1= ,/2/0+ ,/G()5

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+K)Z >+/=(,=(G i O!#

"TV i +K)Z 01>+/=(,=(G @ +K)Z >+/=(,=(G


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A-(+( O K) =-( )/0+,( )>(,=+0J bhJ: 1J

E8c3 # K) =-( =+*1)JK==*1,(3 ! K) =-( *,=K/1 )>(,=+0J H/+

J(*)0+(G +()>/1)( *1G K) =-( X*1GAKG=- K1 1J5 OK1,( =-( +(2*=KY( (+L=-(J*2 )>(,=+*2 (HH(,=KY(1())K) -KD-(+ K1 =-( "4 M +(DK/1 ,/J>*+(G =/ =-( "4 ! +(DK/13 =-( "TV Y*20() G(>(1G >+KJ*+K2L /1 =-(=+*1)JK))K/1 K1 =-( "4 M +(DK/1 _Qa5 "4 +*L) H*22K1D /1 =(B=K2() *+( >*+=2L +(H2(,=(G3 *X)/+X(G *1G >*+=2L=+*1)JK==(G =-+/0D- =-( HKX+() j K1=(+)=K,()3 *1G =-( />=K,*2 >/+/)K=L /H * H*X+K, 2KJK=) K=) >/=(1=K*2 =/>+/YKG( >+/=(,=K/1 *D*K1)= "4'5

#-( )/2*+ >+/=(,=K/1 H*,=/+ bOTVc K) G(HK1(G *) * [0/=K(1= H+/J * -*+JH02 G/)( AK=-/0=3 *1G * -*+JH02G/)( AK=-3 )01 >+/=(,=K/15 #-K) ,*1 X( ,*2,02*=(G H+/J (+L=-(J*2 (HH(,=KY(1()) b$h bcc3 bTbcc *1GH+/J =-( A*Y(2(1D=- G(>(1G(1= =+*1)JK))K/1 /H =-( )01 >+/=(,=K/1 *D(1= _8:a5 #-( GKHH(+(1,( X(=A((1=-( Y*20() /H "TO *1G OTV *+K)() J*K12L X(,*0)( /H =-( k-/2( (HH(,=g K1 =-( H*X+K,)5

(HH=;7 8H !" 439*=( =-( *X)/+X(G (1(+DL =/ *Y/KG G(D+*G*=K/1 /+2/)) K1 ,/2/0+ _QPa5

m+D*1K, "4 *X)/+X(+) *+( J*K12L G(+KY*=KY() /H /E-LG+/BL X(1^/>-(1/1()3 /E-LG+/BL >-(1L2=+K*^K1()3 /E-LG+/BL >-(1L2 -LG+*^K1() _R3 8Q3 Q;a5 #-( /+=-/-LG+/BL2 D+/0> K) ,/1)KG(+(G ())(1=K*2 H/+*X)/+>=K/1 *1G =/ J*Z( =-( ,/J>/01G )/20X2( K1 *2Z*2K1( )/20=K/15 O/J( /H =-( )0X)=K=0=(GX(1^/>-(1/1() >(1(=+*=( K1=/ )L1=-(=K, HKX+() J0,- 2KZ( GK)>(+)( GL() _QPa5 d/JJ/12LE0)(G "4*X)/+X(+) *+( :E-LG+/BL X(1^/>-(1/1()3 :E-LG+/BL >-(1L2 X(1^/=+K*^/2()3 :E-LG+/BL >-(1L2EOE

=+K*^K1() *1G ,-(JK,*2) )0,- *) X(1^/K, *,KG ()=(+)3 *1G -K1G(+(G *JK1() _S;a5 #-( )=+/1D *X)/+>=K/1K1 =-( 1(*+ "4 /H :3 S GK-LG+/BL X(1^/>-(1/1( K) *==+KX0=(G =/ ,/1C0D*=K1D ,-(2*=K/1 X(=A((1 =-(/+=-/-LG+/BL2 *1G ,*+X/1L2 D+/0>)5 m+D*1K, >+/G0,=) 2KZ( X(1^/=+K*^/2(3 -LG+/ X(1^/>-(1/1( *1G>-(1L2 =+K*^K1( *+( >+KJ*+K2L 0)(G H/+ ,/*=K1D *1G >*GGK1D >+/,())() K1 /+G(+ =/ *,-K(Y( X+/*G>+/=(,=K/1 *D*K1)= "4 +*L) _8:a5 O0K=*X2( ,/JXK1*=K/1) /H "4 *X)/+X(+) *1G *1=K/BKG*1=) ,*1 LK(2G)L1(+DK)=K, (HH(,=) _S:a5 M(1^/>-(1/1( G(+KY*=KY() -*Y( 2/A (1(+DL 2(Y(2)3 (*)L GKHH0)KXK2K=L *1G * 2/A)0X2KJ*=K/1 H*)=1())5 m+=-/-LG+/BL >-(1L2 *1G GK>-(1L2 =+K*^K1( G(+KY*=KY() -*Y( *1 (B,(22(1=)0X2KJ*=K/1 H*)=1())3 *1G * )(2HEGK)>(+)K1D H/+J02*=K/1 ,*1 X( 0)(G K1 -KD- =(J>(+*=0+( GL(K1D K1 >*GEX*=-) *1G *2)/ K1 >+K1= >*)=() _SSa5

"4 *X)/+X(+) K1,/+>/+*=(G K1=/ =-( )>K11K1D G/>( >+K/+ =/ =-( HKX+( (B=+0)K/1 *1G GL( X*=- K1 X*=-GL(K1D KJ>+/Y( =-( 2KD-= H*)=1()) /H ,(+=*K1 >*)=(2 )-*G() *1G =-( A(*=-(+*XK2K=L /H )>01EGL(G HKX+()_QP3 SFa5 "4 *X)/+X(+) =/ =-( (B=(1= /H ;5P ` :5Uf *+( )0HHK,K(1= (1/0D- =/ >+/YKG( "4' >+/=(,=K/1

H*X+K,) _Fa5 #-( >+()(1,( /H "4 *X)/+X(+) K1 T$#3 1L2/13 )K2Z *1G A//2 >+/=(,=) =-( HKX+() *D*K1)=)012KD-=EK1G0,(G >-/=/ G(D+*G*=K/15 m1 A//23 "4 *X)/+X(+) ,*1 +(=*+G =-( >-/=/EL(22/AK1D =-*=


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/,,0+) 0>/1 (B>/)0+( =/ )012KD-= _8Qa5 #+K*^K1( ,2*))E-K1G(+(G *JK1( 2KD-= )=*XK2K)(+) *+( 0)(G K1 TT =/KJ>+/Y( =-( "4 )=*XK2K=L5 #-( *GGK=K/1 /H n!oO =/ ;58Uf A(KD-= K) )0HHK,K(1= =/ KJ>+/Y( )=*XK2K=L)0X)=*1=K*22L5 $Y(1 >KDJ(1=(G TT +([0K+() "4 )=*XK2K)(+) KH =-( HKX+() *+( (B>/)(G =/ "4 G0+K1D =-(K+)(+YK,() _SQa5 nKD-E(1(+DL "4 *X)/+X(+) )0K=*X2( H/+ T$# K1,20G( G(+KY*=KY() /H /E-LG+/BL>-(1L2GK>-(1L2 =+K*^K1(3 )0K=*X2( H/+ GL( X*=-)3 >*G 2K[0/+ /+ >+K1= >*)=(5

"4 *X)/+X(+) -*Y( +(H+*,=KY( K1GK,() /H *X/0= e :5UU3 XL J(*1) /H A-K,- J*BKJ0J ,/Y(+K1D ,*>*,K=L*1G />*,K=L K) *,-K(Y(G _8:a5 #-( >+()(1,( /H K1/+D*1K, >KDJ(1=) K1 =-( HKX+() +()02=) K1 J/+( GKHH0)(+(H2(,=K/1 /H 2KD-= H+/J =-( )0X)=+*=(3 *1G >+/YKG() X(==(+ >+/=(,=K/1 _F3 8:3 Q;3 Q:3 U; ` U:a5 #Km:*GG(GK1 =-( )>K11K1D G/>( H/+ J*== (HH(,=) K1 =-( HKX+() *2)/ *,=) *) * "4 *X)/+X(+ _Ra5 #K=*1K0J GK/BKG( *1G,(+*JK, J*=(+K*2) -*Y( *1 *X)/+>=K/1 ,*>*,K=L K1 =-( "4 +(DK/1 X(=A((1 :R; *1G S;; 1J3 *1G +(H2(,=)YK)KX2( *1G N' +*L)\ =-()( *X)/+X(+) *+( *2)/ *GG(G *) G/>( *GGK=KY() _UQa5 V/+ J*BKJ0J (HH(,=3 =-(>*+=K,2() -*Y( =/ X( J/1/J/2(,02*+2L GK)=+KX0=(G3 *1G *+( /H=(1 *>>2K(G K1 /1( X*=- _F3 8:3 Q;3 USa57*1/),*2( =K=*1K0J D(2 >*+=K,2() )=+/1D2L X/01G =/ =-( ,/==/1 H*X+K,) ,*1 DKY( * "TV U; AK=-/0=KJ>*K+K1D =-( =(1)K2( >+/>(+=K()5 M+KD-=(+ YK),/)( L*+1) >+/YKG( =-( -KD-()= "4 =+*1)JK==*1,(,/J>*+(G =/ =-( G022 >KDJ(1=(G YK),/)( L*+1)3 J/G*2 L*+1) _UUa5 ]K1, /BKG( 1*1/>*+=K,2()3 A-K,- -*Y(* Y(+L 1*++/A )K^( GK)=+KX0=K/1 b:;ES; 1Jc *1G JK1KJ*2 *DD+(D*=K/13 ,*1 +()02= K1 -KD-(+ 2(Y(2) /H "4X2/,ZK1D _U8a5 ")( /H #Km:3 ]1m *2/1( >+/G0,() 2()) *X)/+>=K/1 /H "4' =-*1 * JKB=0+( /H bP6@QQc=K=*1K0J GK/BKG( *1G ^K1, /BKG( /1 ,/==/1 *1G 1L2/1 H*X+K,) _Q:a5 9K,+/HK1( 1L2/1 H*X+K,) AK=- * >/+/)K=L

/H ;58f *+( ,*>*X2( /H DKYK1D "TV e U; AK=- 85Uf #Km: _U:a5 N1,/+>/+*=K1D "4 *X)/+X(+ K1 GL(K1DG(,+(*)() =-( GL( 0>=*Z( )2KD-=2L3 (B,(>= K1 >/)=E=+(*=J(1= *>>2K,*=K/1 _S;a5

9*1L ,/JJ(+,K*2 >+/G0,=) *1G >+/,())() -*Y( X((1 G(Y(2/>(G =/ >+/G0,( H*X+K,) AK=- * -KD- 2(Y(2 /H"TV 0)K1D Y*+K/0) G/>( *GGK=K/1) *1G =/>K,*2 *>>2K,*=K/1) H/+ *2J/)= *22 =L>() /H H*X+K,) >+/G0,(G H+/J,(2202/)K, HKX+()3 A//23 )K2Z *1G )L1=-(=K, HKX+() _83 63 8; E 8:3 :;3 QP3 SS3 UP3 U6a5 9/)= /H =-(,/JJ(+,K*2 >+/G0,=) *+( ,/J>*=KX2( AK=- =-( GL() *1G /=-(+ HK1K)-K1D *D(1=) *>>2K(G =/ =-( =(B=K2(J*=(+K*2)3 *1G =-()( *D(1=) ,*1 X( *>>2K(G 0)K1D )KJ>2( >*GGK1D3 =-( (B-*0)= J(=-/G3 =-( >*GE=-(+J/ HKB *1G =-( >*GEG+LE,0+( J(=-/G) _63 QP3 QF3 UP3 URa5

'=>7*+= H+/J)01),+((1 2/=K/1)3 =(B=K2( J*=(+K*2) *1G *,,())/+K() J*G( /H =(B=K2( J*=(+K*2) *+( 2*+D(2L 0)(G H/+ "4>+/=(,=K/1 _:3 Q3 63 8;3 8: ` 8S3 8P3 :U3 :P3 QQ3 QU E QF3 SU3 SP3 U83 UR3 P; ` P6a5 "4 >+/=(,=K/1 =-+/0D-=(B=K2() K1,20G( Y*+K/0) *>>*+(2)3 *,,())/+K() )0,- *) -*=)3 )-/()3 )-*G( )=+0,=0+() )0,- *)0JX+(22*)3 *A1K1D)3 *1G X*XL ,*++K(+ ,/Y(+) *1G =-( H*X+K, J*=(+K*2) =/ >+/G0,( =-()( K=(J)5

+37:4= 8H H >/))())* "TV /H :; *1G 8; =/ 8U +()>(,=KY(2L3 *1G *+( 1/= >(+H(,= "4 >+/=(,=/+) (Y(1 AK=- 2KD1K1 ,/1=(1= _:Ua5n/A(Y(+3 =-( )=+/1D *X)/+>=K/1 /H C0=( K) G0( =/ =-( >+()(1,( /H 2KD1K13 A-K,- *,=) *) * 1*=0+*2*X)/+X(+5 T+/=(K1 HKX+() *2)/ -*Y( JKB(G (HH(,=) K1 *22/AK1D "4 +*GK*=K/15 IL(G ,/==/1 H*X+K,) )-/A-KD-(+ "TV3 *1G 01GL(G3 X2(*,-(G ,/==/1 LK(2G) Y(+L >//+ "TV Y*20()5 h//2 *X)/+X) )=+/1D2L K1 =-(+(DK/1 /H :R; ` S;; 1J *1G (Y(1 X(L/1G S;; 1J5 $B>/)0+( =/ )012KD-= G*J*D() =-( [0*2K=L /H )K2Zg),/2/0+3 )=+(1D=- *1G +()K2K(1,L K1 X/=- G+L *1G A(= ,/1GK=K/1) _PPa5 902X(++L )K2Z K) G(=(+K/+*=(G =/ *D+(*=(+ (B=(1= =-*1 J0D* )K2Z5 M2(*,-(G )K2Z *1G X2(*,-(G T!7 )-/A Y(+L 2/A "TV) /H F5S *1G Q5F+()>(,=KY(2L5 T/2L()=(+ HKX+() *X)/+X J/+( K1 =-( "4 ! j "4 M +(DK/1) =-*1 *2K>-*=K, >/2L*JKG( HKX+()5

.8


5/10

!"#$% '()(*+,- ./0+1*23 4/25 63 7/ 83 9*+,- :;;6 < !"#$%

-==>?@@AAA5*0=(B+C5/+D@7/8E:;;6@;8F:5>GH !D

"TV /H =-( =(B=K2( J*=(+K*2) _8Q3 8P3 :U3 PSa5 N1 =-( ,*)( /H J/K)=0+(3 =-( K1H20(1,( 2*+D(2L G(>(1G) /1=-( =L>( *1G -LD+/),/>K,K=L /H HKX+()3 *) A(22 *) ,/1GK=K/1K1D =KJ(3 A-K,- +()02= K1 )A(22K1D >-(1/J(1*_U;a5 #-( 'n *1G@/+ J/K)=0+( ,/1=(1= *HH(,= =-( "TV /H =-( H*X+K, K1 =A/ A*L)3 1*J(2L =-( )A(22K1D /HHKX+() G0( =/ J/K)=0+( *X)/+>=K/13 A-K,- +(G0,() =-( K1=(+)=K,()3 *1G ,/1)([0(1=2L =-( "4=+*1)JK==*1,(5 m1 =-( /=-(+ -*1G3 =-( >+()(1,( /H A*=(+ +(G0,() ),*==(+K1D (HH(,=)3 *) =-( +(H+*,=KY(K1G(B /H A*=(+ K) ,2/)(+ =/ =-*= /H =-( =(B=K2( >/2LJ(+3 *1G -(1,( =-(+( K) * D+(*=(+ "4 =+*1)JK))K/1 YK)E

pEYK) * 2/A(+ "TV _8P3 :Ua5

! =L>K,*2 ,/==/1 H*X+K, ,/02G =+*1)JK= 8UE:;f "4'3 +K)K1D =/ J/+( =-*1 U;f KH =-( D*+J(1= K) A(=5 V/+*G([0*=( >+/=(,=K/13 =-( "4' =+*1)JK))K/1 )-/02G X( 2/A(+ =-*1 Pf *1G :5Uf H/+ (B=+(J(2L D//G>+/=(,=K/1 _8Qa5 I(>(1G(1,( /H -0JKGK=L K) J/+( >+/1/01,(G K1 )K2Z *1G YK),/)(3 /H A-K,- YK),/)( -*)* -KD-(+ A*=(+ *X)/+>=K/1 *1G )A(22K1D ,*>*,K=L3 A-K2( )K2Z -*) >//+ )A(22K1D >+/>(+=K()5 $Y(1 =-/0D-)K2Z -*) >//+ )A(22K1D >+/>(+=K()3 K=) Y(+L HK1( 1*=0+( *1G * D+(*=(+ 10JX(+ /H HKX+() K1 =-( ,+/))E)(,=K/1 /H L*+1 +()02=) K1 -KD-(+ )A(22K1D G0( =/ ,*>K22*+L *X)/+>=K/13 *1G K1 =0+1 2()) "4 =+*1)JK==*1,(5VK1K)-K1D =+(*=J(1=) DKY(1 =/ =-( H*X+K,) =/ +(G0,( )A(22K1D +(G0,( =-( =+*1)JK==*1,( /H "4 +*L)5 N1D(1(+*23 -LD+/),/>K, HKX+() *1G =-(K+ "TV )-/A X(==(+ ,/++(2*=K/1 _PSa5

L3D4(1GK1D0>/1 =-( )0X)=+*=( *1G K=) ,/1GK=K/1) _Q3 883 8Q3 8U3 8P3 :83 :U3 S83 S63 P;3 PU3 PRa5 #-( "4 >+/=(,=K/1XL =(B=K2( J*=(+K*2) *1G *>>*+(2 K) * H01,=K/1 /H =-( ,-(JK,*2 ,-*+*,=(+K)=K,)3 >-L)K,/E,-(JK,*2 =L>( /HHKX+(3 >+()(1,( /H "4 *X)/+X(+)3 ,/1)=+0,=K/1 /H H*X+K,3 =-K,Z1())3 >/+/)K=L3 (B=(1)K/1 /H =-( H*X+K,3J/K)=0+( ,/1=(1= /H =-( H*X+K,)3 ,/2/0+ *1G =-( HK1K)-K1D DKY(1 =/ =-( H*X+K, _8:3 8Q3 8P3 :83 P;a5 ! >*+=/H =-( +*GK*=K/1 K) +(H2(,=(G *= =-( X/01G*+K() /H =-( =(B=K2( )0+H*,(5 #-( "4' =+*1)JK==(G =-+/0D-=(B=K2( H*X+K,) ,/1)K)=) /H =-( 01,-*1D(G A*Y() =-*= >*)) =-+/0D- =-( K1=(+)=K,() /H =-( H*X+K,) *) A(22*) ),*==(+(G A*Y() =-*= -*Y( K1=(+*,=(G AK=- =-( H*X+K,)5 !1/=-(+ >*+= K) *X)/+X(G A-(1 K= >(1(=+*=()=-( )*J>2(3 *1G K) ,/1Y(+=(G K1=/ * GKHH(+(1= (1(+DL H/+J5 #-( >/+=K/1 /H +*GK*=K/1 =-*= =+*Y(2) =-+/0D-=-( H*X+K, *1G +(*,-() =-( )ZK1 K) *>>+/>+K*=(2L +(H(++(G =/ *) =-( k=+*1)JK))K/1 ,/J>/1(1=g5

#-( "TV K1,+(*)() AK=- H*X+K, G(1)K=L *1G =-K,Z1()) H/+ )KJK2*+ ,/1)=+0,=K/13 *1G K) G(>(1G(1= /1>/+/)K=L b"TV i 8;; @ >/+/)K=Lc _6a5 ! -KD- ,/++(2*=K/1 (BK)=) X(=A((1 =-( "TV *1G =-( H*X+K, >/+/)K=L

X0= K) *2)/ K1H20(1,(G XL =-( =L>( /H HKX+() _PFa5 #-( +(2*=KY( /+G(+ /H KJ>/+=*1,( H/+ =-( "4 >+/=(,=K/1K) DKY(1 XL f ,/Y(+ e HKX+( =L>( e H*X+K, =-K,Z1()) _PUa5 d2/=- ,/Y(+ G/() 1/= ,/1)KG(+ =-( H2*=1()) /H=-( L*+1)3 A-K,- JKD-= +()02= K1 * -KD-(+ ,2/=- ,/Y(+ =-*1 =-( ,*2,02*=(G Y*20(5 ! "TV AK=- H*X+K,A(KD-= *1G =-K,Z1()) )-/A) X(==(+ ,/++(2*=K/1 =-*1 ,2/=- ,/Y(+ _:Ra5 #-(+(H/+( H*X+K,) AK=- =-(J*BKJ0J 10JX(+ /H L*+1) K1 A*+> *1G A(H= DKY( -KD- "TV)5"TV Y*20() /H :;;3 S;3 :; *1G 8; ,*1 X(*,-K(Y(G AK=- =-( >(+,(1=*D( ,/Y(+ H*,=/+) /H FF5U3 F65U3 FU *1G F; +()>(,=KY(2L _8Ua5 #-( >(+,(1=*D("4' =+*1)JK))K/1 /H * H*X+K, K) +(2*=(G =/ =-( H*X+K, ,/Y(+ H*,=/+ XL b8;; ` ,/Y(+ H*,=/+c *1G =-( "TV K)DKY(1 XL "TV i 8;; @ b8;;EdVc _PUa5 #/ *,-K(Y( * JK1KJ0J "TV +*=K1D /H 8U3 =-( ,/Y(+ H*,=/+ /H =-(=(B=K2( J0)= X( D+(*=(+ =-*1 FQf3 *1G * Y(+L )J*22 K1,+(*)( K1 dV 2(*G) =/ )0X)=*1=K*2 KJ>+/Y(J(1=)K1 =-( "TV /H =-( =(B=K2() *X/Y( FUf ,/Y(+ H*,=/+5 N1 =-( ,*)( /H =(++L ,2/=-3 * -KD- Y*+K*XK2K=L K1 "TV(BK)=) G0( =/ K++(D02*+K=K() K1 =-( H*X+K, ,/1)=+0,=K/1 _Qa5 h/Y(1 H*X+K,) 0)0*22L -*Y( * -KD-(+ ,/Y(+H*,=/+ =-*1 Z1K=) G0( =/ =-( =L>( /H ,/1)=+0,=K/1 _S6a5 #-K,Z +KX )=+0,=0+() /H -(J> *1G 2K1(1 ,*1 *22/A8;5U: ` 8:56;f *1G F5;Q ` 885S6f /H "4 ! *1G "4 M +()>(,=KY(2L _:Ua5 n/A(Y(+3 Z1K==(G )=+0,=0+(

J*G( H+/J * X2(1G /H )L1=-(=K, HKX+() AK=- oL,+* /HH(+) =-( X()= >+/=(,=K/1 *D*K1)= )/2*+ +*GK*=K/1 _PRa3*1G A*+>EZ1K==(G X2K1G) *+( ,*>*X2( /H ),+((1K1D 0> =/ R;f /H =-( )/2*+ +*GK*=K/1 *1G X+KD-= D2*+()5

O=+(=,-K1D +(G0,() =-( "TV +*=K1D /H =-( H*X+K, G0+K1D A(*+3 *) =-( (HH(,=KY( ,/Y(+ H*,=/+ K) +(G0,(G_8Pa5 n/A(Y(+3 =-( ,/Y(+ H*,=/+ ,*1 X( J/GKHK(G =-+/0D- J*1L G+L HK1K)-K1D >+/,())() =-+/0D-/Y(+H((G /1 =-( )=(1=(+3 ,/J>+())KY( )-+K1Z*D( >+/,())() )0,- *) ,/J>*,=K1D *1G )*1H/+K)K1D3 A-K,-*+( 1/+J*22L 0)(G =/ /X=*K1 GKJ(1)K/1*2 )=*XK2K=L3 K1,KG(1=*22L K1,+(*)K1D =-( ,/Y(+ H*,=/+ *1G -(1,(=-( "TV5 q(1=2( JK22K1D (J>2/L(G K1 =-( ,*)( /H 2KD-=A(KD-= A//2 H*X+K,) ,*1 *2)/ (1-*1,( =-( ,/Y(+H*,=/+ *1G =-( "TV _8Ua5

1M=KDJ(1=3 =-( *X)/+>=KY( D+/0>) >+()(1= K1 =-( GL()=0HH3 G(>=- *H=(+

GL(K1D3 =-( 01KH/+JK=L *1G *GGK=KY()3 =-( "4 >+/=(,=K/1 *XK2K=K() /H =-( =(B=K2( J*=(+K*2) *+( ,/1)KG(+*X2LK1H20(1,(G _Q3 63 8P3 QU3 QF3 S83 P;3 PS3 P6a5 N1 * DKY(1 H*X+K,3 -KD-(+ =+*1)JK))K/1 /H "4 +*GK*=K/1 K)


6/10

!"#$% '()(*+,- ./0+1*23 4/25 63 7/ 83 9*+,- :;;6 < !"#$%

-==>?@@AAA5*0=(B+C5/+D@7/8E:;;6@;8F:5>GH !E

/X)(+Y(G K1 =-( ,*)( /H X+KD-= HKX+() bYK),/)(c =-*1 G022 HKX+() _QFa5 ! >+/=(,=KY( (HH(,= ,*1 X( /X=*K1(GXL GL(K1D /+ >+K1=K1D3 A-K,- K) X(==(+ =-*1 0)K1D -(*YLA(KD-= H*X+K,) A-K,- *+( 1/= )0K=*X2( H/+ )0JJ(+,/1GK=K/1)5 I*+Z(+ ,/2/0+) /H =-( )*J( H*X+K, =L>( bX2*,Z3 1*YL3 G*+Z +(Gc *X)/+X "4' J0,- J/+()=+/1D2L =-*1 =-( 2KD-= >*)=(2 ,/2/0+) H/+ KG(1=K,*2 A(*Y( AK=- "TV3 K1 =-( +*1D() /H 8R ` Q6 *1G 8F `QS H/+ ,/==/1 *1G >/2L()=(+ +()>(,=KY(2L _Q3 QUa5 O/J( GK+(,=3 +(*,=KY( *1G Y*= GL() *+( ,*>*X2( /HDKYK1D * "TV /H U;r _8Pa5 O/J( /H =-( GK+(,= GL() )0X)=*1=K*22L K1,+(*)( =-( "TV /H X2(*,-(G ,2/=-3

A-K,- G(>(1G) /1 =-( +(2*=KY( =+*1)JK==*1,( /H =-( GL() K1 =-( "4 M +(DK/15 N1 J*1L ,*)()3 * "TV,*2,02*=(G 0)K1D * GK+(,= GL( )/20=K/1 *>>(*+) =/ X( -KD-(+ =-*1 =-*= /H =-( H*X+K, *H=(+ GL(K1D3 J*K12LX(,*0)( =-( *,=0*2 ,/1,(1=+*=K/1) *+( J/)=2L 2()) =-*1 =-( =-(/+(=K,*2 ,/1,(1=+*=K/15 IL() (B=+*,=(GH+/J Y*+K/0) 1*=0+*2 +()/0+,() *2)/ )-/A =-( "TV AK=-K1 =-( +*1D( /H 8U ` SU G(>(1GK1D /1 =-(J/+G*1= 0)(G _6;a5

d(2202/)K, H*X+K,) =+*1)JK= "4 ! *1G "4 M ([0*22L AK=- =-( =+*1)JK==*1,( +*=K/ b#!@#Mc ;5F5 h-(1 GL(GAK=- =-( +(*,=KY( GL()3 =-( "TV K1,+(*)() H+/J S56 =/ U5; ` 8S5; G(>(1GK1D 0>/1 =-( ,/1,(1=+*=K/13A-K,- K) 1/= )0HHK,K(1= =/ )*=K)HL =-( JK1KJ0J +([0K+(J(1=) _P;a5 O/J( /H =-( YK1L2 )02>-/1( GL() *1GJ/1/,-2/+/=+K*^K1( GL() >/))()) "4' *X)/+>=K/1 ,-*+*,=(+K)=K,)3 A-K,- *2)/ K1,+(*)( AK=- =-(,/1,(1=+*=K/15 d(2202/)K, H*X+K,) GL(G AK=- =-()( GL() )-/A +(G0,(G "4' =+*1)JK))K/1 H+/J :S5Pf =/8;E:;f *1G :65Rf =/ RE::f H/+ "4 ! *1G "4 M +()>(,=KY(2L5 h-(1 JKB=0+() /H =-()( GL() *+( 0)(G3=-( "TV K1,+(*)() )L1(+DK)=K,*22L5 O/J( ,/JXK1*=K/1) /H GK)>(+)( +(*,=KY( JKB ,*1 DKY( >+/2/1D(G "4

>+/=(,=K/1 AK=- * "TV /H U;r H/+ T@d X2(1G) _SPa5

m>=K,*2 X+KD-=(1K1D *D(1=) /+ H*X+K, A-K=(1K1D *D(1=) *+( 0)(G *= =-( HK1K)-K1D />(+*=K/1)3 *) A(22 *) K1=-( A*)- ,L,2()3 *1G =-(K+ (HH(,= /1 "TV) -*) X((1 G(J/1)=+*=(G (B=(1)KY(2L K1 =-( >*)= _63 8P3 S:3SP3 P:3 P63 683 6:a5 m>=K,*2 X+KD-=(1K1D *D(1=) *+( /H=(1 *>>2K(G =/ (1-*1,( =-( A-K=(1()) /H =(B=K2()XL "4 (B,K=*=K/1 *1G YK)KX2( X20( (JK))K/15 #-( >-(1/J(1/1 /H (B,K=*=K/1 *1G (JK))K/1 K) ,*0)(G XL=-( =+*1)K=K/1 /H (2(,=+/1) K1Y/2YK1D >E/+XK=*2) H+/J (K=-(+ ,/1C0D*=(G /+ *+/J*=K, ,/J>/01G) _SPa59/)= />=K,*2 X+KD-=(1(+) -*Y( (B,K=*=K/1 J*BKJ* AK=-K1 =-( +*1D( /H QS; ` S;; 1J5 mM! ,*1 KJ>+/Y(=-( "TV /H ,/==/1 *1G ,/==/1 X2(1G)3 X0= 1/= /H H*X+K,) =-*= *+( 8;;f >/2L()=(+ /+ 1L2/1 _8Pa5 #-(>+()(1,( /H mM! K1 =-( T@d X2(1G) bP6@QQc =/ =-( (B=(1= /H ;5Uf ,*1 KJ>+/Y( =-( "TV H+/J 8P5Q =/Q:5:3 A-K,- K) J/+( /+ 2()) ,2/)(+ =/ =-*= /X=*K1(G 0)K1D =-( "4 *X)/+X(+) AK=- ;5:f b"TV QU5Uc5h*)-K1D =-( H*X+K,) 2(*G) =/ * 2/)) /H "TV K1 =-( ,*)( /H mM!E=+(*=(G H*X+K,)3 *1G =-( "TV +(*,-()=-( 2(Y(2 /H =-*= K1 01=+(*=(G H*X+K, *H=(+ 8; A*)-()3 A-K,- )-/A) =-( )(JKE>(+J*1(1= 1*=0+( /H =-(

HK1K)- *1G >+/=(,=K/1 _SPa5 !1/=-(+ 2KJK=*=K/1 /H J*1L mM!) K) =-*= =-(L J/)=2L *X)/+X K1 =-( "4! >*+=/H =-( G*L 2KD-= )>(,=+0J bFQfc X0= -*Y( * A(*Z *X)/+>=K/1 K1 "4 *X)/+>=K/1 *+/01G Q;R 1J bF:fc3A-K,- >2*L) *1 KJ>/+=*1= +/2( K1 )ZK1 GK)(*)( _P3 68a5

!$L B=3@:4=B=67 @M@7=B@

!>>+/>+K*=( >+(,*0=K/1 A-K,- A(+( *>>2K(G A-K2( ,*++LK1D /0= =-( J(*)0+(J(1= )-/02G X( )0HHK,K(1= =/,/22(,= *22 =-( ),*==(+(G *1G =+*1)JK==(G 2KD-=) =-+/0D- *1 K1=(D+*=K1D )>-(+(3 =/ K1,20G( *22 =-((+L=-(J*2 *,=KY( A*Y(2(1D=-) b"4! j "4Mc )>(,=+*2 J(*)0+(J(1=) AK=-/0= *1L K1H20(1,( /HH20/+(),(1,( H+/J Vh!3 KH K= K) >+()(1= K1 =-( H*X+K, _PQa5 #-(+( *+( ,0++(1=2L 8: )K=() K1 !0)=+*2K* *1G!1=*+,=K,* K1)=*22(G AK=- X+/*GX*1G "4' G(=(,=/+) =/ J(*)0+( =-( =/=*2 (1(+DL +(,(KY(G /Y(+ * +*1D(/H A*Y(2(1D=- K1 "4' +(DK/1 K1 X/=- GK+(,= *1G GKHH0)( +*GK*=K/1 _:8a5 T/2L)02>-/1( HK2J) -*Y( X((1AKG(2L 0)(G K1 =-( ,/1)=+0,=K/1 /H >(+)/1*2 G/)KJ(=(+)3 A-K,- *X)/+X )=+/1D2L K1 =-( "4 M +(DK/1 _U3QR3 6Q3 6Sa5

#-( K1)=+0J(1= H/+ J(*)0+K1D H*X+K, =+*1)JK))K/1 K1,20G() X+/*GX*1G +*GK/J(=(+)3)>(,=+/+*GK/J(=(+)3 /+ )>(,=+/>-/=/J(=(+)3 *1G %(1/1 2*J>) _8S3 8P3 8F3 Q;3 SP3 6Ua5 VK2=(+) *+(>2*,(G 1(B= =/ =-( =()= )>(,KJ(1 =/ >+(Y(1= =-( (HH(,=) /H H20/+(),(1,( +(*,-K1D =-( K1=(D+*=K1D )>-(+(_U3 63 :F3 UUa5 #-( )>(,=+*2 +()>/1)( /H =-( G(=(,=/+ K) *2)/ KJ>/+=*1= K1 G(=(+JK1K1D )L)=(J>(+H/+J*1,(3 *1G K= J0)= X( ,*>*X2( /H G(=(,=K1D "4' *,,0+*=(2L *1G 2K1(*+2L /Y(+ * Y(+L 2*+D( +*1D(/H K1=(1)K=K() *1G GK),+KJK1*=K1D =-( )KD1*2 H+/J =-( G(=(,=/+ G*+Z ,0++(1=5 9*1L ,/JJ(+,K*2 )L)=(J)-*Y( GKHHK,02=L K1 J(*)0+K1D "TV) *X/Y( 8;; G0( =/ GL1*JK, +*1D(3 G*+Z ,0++(1= GK),+KJK1*=K/1 *=2/A(+ A*Y(2(1D=-) /H sQ;; 1J3 *1G H20/+(),(1,( *= A*Y(2(1D=-) /H eQR; 1J5 o/A 2KD-= 2(Y(2) K1 =-("4' )/0+,( 0)(G H/+ J(*)0+(J(1= ,*1 *2)/ 2(*G =/ GKHHK,02=L K1 GK)=K1D0K)-K1D X(=A((1 =-( =+*1)JK==(G"4' *1G =-( 1*=0+*2 G*+Z ,0++(1= /H =-( G(=(,=/+5

#-( J(*)0+(J(1= /H "TV /1 * ,2/=-K1D J*=(+K*2 ,*1 X( ,*++K(G /0= XL J(*)0+K1D =-( GKHH0)( )>(,=+*2=+*1)JK==*1,( )0 ()%&*/+ XL J(*)0+K1D =-( K1,+(*)( K1 (B>/)0+( =KJ( +([0K+(G =/ K1G0,( (+L=-(J* /+


7/10

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"4 2*X(22K1D K) *1 *GGK=K/1*2 +([0K+(J(1= X()KG() /=-(+ 2*X(22K1D +([0K+(J(1=) /H D*+J(1=) K1,20GK1DT(+J*1(1= d*+( o*X(2) *1G VKX+( d/1=(1= 2*X(2)5 !>*+= H+/J =-( "TV 2*X(23 X2/,Z 10JX(+) ,*1 *2)/X( 0)(G X*)(G /1 =-( "4 =+*1)JK==*1,( Y*20( K1 =-(K+ +()>(,=KY( "4' +*1D( _:P3 P8a5 #*X2( : )-/A)=-( Y*+K/0) D+*G() *1G =-( +(2*=(G >+/=(,=K/1 H*,=/+) H/+ =-( =(B=K2( J*=(+K*2)5 #-( "TV Y*20( =/ X(>2*,(G /1 =-( 2*X(2 K) =-*= /H =-( )*J>2(3 +(G0,(G XL K=) )=*1G*+G (++/+ /H "TV Y*20()3 *1G =-(1+/01G(G G/A1 =/ =-( 1(*+()= J02=K>2( /H U X0= 1/= D+(*=(+ =-*1 U;5 ! "TV /H :; J(*1) =-*= 8@:;=-3 K5(5Uf3 /H =-( XK/2/DK,*22L (HH(,=KY( "4 +*GK*=K/1 )=+KZK1D =-( )0+H*,( /H =-( H*X+K, *,=0*22L >*))() =-+/0D- K=_68a5

)86;E:@/)0+( /H /0=G//+ A/+Z(+)5 #-K) 1(,())K=*=() =-( G(Y(2/>J(1= /H )=+/1D(+ "4*X)/+X(+) A-K,- AK22 X( ()>(,K*22L )0K=*X2( H/+ 2/A "TV HKX+()3 A-K,- *+( -KD-2L >+(H(++(G XL =-(,/1)0J(+)5 "4' (B>/)0+( ,*1 X( +(G0,(G XL KJ>2(J(1=K1D XL X(-*YK/0+*2 ,-*1D() )0,- *) *Y/KGK1D)012KD-= *= K=) J*BKJ0J3 0)K1D >+/=(,=K/1 )0,- *) -*=)3 )01),+((1)3 )01 D2*))()3 *1G ,2/=-K1D5

0+1+%+2'+#(

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8/10

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