Bài giảng môn Luật vận tải và các công ước quốc tế | Đại học Kiến trúc Đà Nẵng

Bài giảng môn Luật vận tải và các công ước quốc tế | Đại học Kiến trúc Đà Nẵng. Tài liệu được biên soạn dưới dạng file PDF gồm 92 trang, giúp bạn tham khảo, ôn tập và đạt kết quả cao trong kì thi sắp tới. Mời bạn đọc đón xem!

*LӟLWKLӋXKӑFSKҫQ
/XұWYұQWҧLYjFiFF{QJѭӟFTXӕFWӃ
7UDQVSRUW/DZDQG,QWHUQDWLRQDO&RQYHQWLRQV WLӃWOêWKX\ӃW
6ӕWLӃW7rQFKѭѫQJWKHRÿӅFѭѫQJFKLWLӃW&KѭѫQJ
9DLWUzFӫD/XұWYұQWҧLTXӕFWӃ
&{QJѭӟFYұQWҧLÿѭӡQJEӝTXӕFWӃ7,5
&{QJѭӟF0RQWUHDOYj1JKӏÿӏQKWKѭ0RQWUHDOYӅYұQWҧL
KjQJNK{QJ
1JKӏÿӏQKWKѭ/DKD\
/XұWKjQJNK{QJGkQGөQJ9LӋW1DPVӱDÿәLEәVXQJQăP

&iF&{QJѭӟFTXӕFWӃYӅYұQWҧLELӇQ
/XұWKjQJKҧL9LӋW1DP
7әQJ
1ӝLGXQJKӑFWұSÿѭӧFÿLӅXFKӍQK
6ӕWLӃW7rQFKѭѫQJVDXNKLÿLӅXFKӍQK&KѭѫQJ
7әQJTXDQYӅPXDEiQYjYұQWҧLKjQJKRi
&iFÿLӅXѭӟFTXӕFWӃYӅJLDRWK{QJÿѭӡQJEӝ
/XұWJLDRWK{QJÿѭӡQJEӝ9LӋW1DPÿѭӡQJVҳW
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLKjQJNK{QJTXӕFWӃ
/XұWKjQJNK{QJGkQGөQJ9LӋW1DP± VӱDÿәL
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLELӇQ
/XұWKjQJKҧL9LӋW1DP
7әQJ
&KѭѫQJ
7әQJTXDQYӅOXұWYjÿLӅXѭӟFTXӕFWӃWURQJ
YұQWҧLKjQJKRi
6ӕ
WLӃW
1ӝLGXQJ0өF
0XDEiQKjQJKRiYjYұQWҧLKjQJKRi
.KiLQLӋPÿһFÿLӇPYjYDLWUzFӫDYұQWҧLKjQJKRi
7әQJTXDQYӅOXұWYjÿLӅXѭӟFTXӕFWӃWURQJWURQJYұQWҧL
KjQJKRi

7әQJ
0XDEiQKjQJKRiYjYұQWҧLKjQJKRi
7KѭѫQJPҥL+RҥWÿӝQJWKѭѫQJPҥLOjKRҥWÿӝQJQKҵPPөFÿtFKVLQKOӧLEDRJӗP
PXDEiQKjQJKRiFXQJӭQJGӏFKYөÿҫXWѭ[~FWLӃQWKѭѫQJPҥLYjFiFKRҥWÿӝQJ
QKҵPPөFÿtFKVLQKOӧLNKiF ÿ ˿
7KѭѫQJPҥLFRPPHUFHÿѭӧFKLӇXWKHRQJKƭDUӝQJQKҩWWѭѫQJÿѭѫQJYӟLNLQK
GRDQKEXVLQHVV± ³FRPPHUFH´FyNKiFYӟL³WUDGH´
7KHRQJKƭDKҽSWKѭѫQJPҥLÿѭӧFKLӇXOjTXiWUuQKPXDEiQKjQJKRiYjFXQJӭQJ
GӏFKYөJLӳDFiFErQ
7KѭѫQJPҥLTXӕFWӃFNJQJKLӇXWKHRQJKƭDUӝQJYjQJKƭDKҽS7URQJFiFKLӋSÿӏQK
TXӕFWӃWKѭӡQJÿѭӧFSKkQWKjQK³WKѭѫQJPҥLKjQJKRi´Yj³WKѭѫQJPҥLGӏFKYө´
0XDEiQKjQJKRi OjKRҥWÿӝQJWKѭѫQJPҥLWKHRÿyErQEiQFyQJKƭDYөJLDR
KjQJFKX\ӇQTX\ӅQVӣKӳXKjQJKyDFKRErQPXDYjQKұQWKDQKWRiQErQPXD
FyQJKƭDYөWKDQKWRiQFKRErQEiQQKұQKjQJYjTX\ӅQVӣKӳXKjQJKRiWKHR
WKӓDWKXұQNKRҧQÿLӅXOXұW7091
7KѭѫQJPҥLKjQJKRi PXDEiQKjQJKRiWURQJQѭӟFYjTXӕFWӃOX{QJҳQOLӃQYӟL
YұQWҧLKjQJKRi







































;XҩWQKұSNKҭXGӏFKYөFӫD9LӋW1DP7ӹ86'
;XҩWNKҭX 1KұSNKҭX










































































                     
;1.KjQJKRiFӫD9LӋW1DPWӹ86'
;. 1.
7әQJ
0XDEiQKjQJKRiYjYұQWҧLKjQJKRiWLӃSWKHR
0XDEiQKjQJKRi
*LDRGӏFKJLӳDQJѭӡLPXDYjQJѭӡLEiQ
+ӧSÿӗQJPXDEiQKjQJKRi
0ӝWJLDRGӏFKPXDEiQKjQJKRiVӁOjPSKiWVLQKFiFJLDRGӏFKNKiFYұQWҧL
JLDRQKұQJLiPÿӏQKWKDQKWRiQEҧRKLӇPKҧLTXDQ«
9ұQWҧLKjQJKRi
+RҥWÿӝQJSKiWVLQKWӯPXDEiQKjQJKRi
*LDRGӏFKJLӳDQJѭӡLWKXrSKѭѫQJWLӋQYұQWҧLFKӫKjQJQJѭӡLWKD\PһWFKR
FKӫKjQJ«YjQJѭӡLYұQWҧLFKӫSKѭѫQJWLӋQQJѭӡLNLQKGRDQKGӏFKYөYұQ
WҧLGӏFKYөORJLVWLFV«
+ӧSÿӗQJYұQWҧLKjQJKRiWKXӝFWKӇORҥL³KӧSÿӗQJYұQWҧL´
1JKLrQFӭXOXұWWURQJWKѭѫQJPҥLFҫQWuPKLӇXYӅPXDEiQKjQJKRiYұQ
WҧLJLDRQKұQWKDQKWRiQEҧRKLӇPKҧLTXDQ«
.KiLQLӋPÿһFÿLӇPYDLWUzYjFiFSKѭѫQJWKӭFYұQWҧLKjQJKRi
&iFNKiLQLӋP
YұQWҧLKjQJKyDÿѭӧFKLӇXOjYLӋFJLDRQKұQKjQJKyDWӯQѫLQj\ÿӃQQѫLNKiF
7K{QJWKѭӡQJYұQWҧLKjQJKyDJҳQYӟLFiFGӏFKYөYұQWҧLKjQJKyDYjFyVӵNê
NӃWKӧSÿӗQJYұQWҧLJLӳDQJѭӡLJӱLKjQJYjQJѭӡLYұQWҧL
+ӧSÿӗQJYұQWҧLWjLVҧQOjVӵWKRҧWKXұQJLӳDFiFErQWKHRÿyErQYұQWҧLFy
QJKƭDYөFKX\ӇQWjLVҧQÿӃQÿӏDÿLӇPÿmÿӏQKWKHRWKRҧWKXұQYjJLDRWjLVҧQÿyFKR
QJѭӡLFyTX\ӅQQKұQFzQErQWKXrYұQWҧLFyQJKƭDYөWUҧFѭӟFSKtYұQWҧLÿLӅX
/XұW'691
7jLVҧQEDRJӗPYұWWLӅQJLҩ\WӡFyJLiYjFiFTX\ӅQWjLVҧQĈѭӧFFKLDWKjQKEҩW
ÿӝQJVҧQYjÿӝQJVҧQKLӋQFyYjKuQKWKjQKWURQJWѭѫQJODLÿLӅX/XұW'kQ
6ӵ91
3KkQELӋWGӏFKYөORJLVWLFVYjYұQWҧLKjQJKRi
'ӏFKYөORJLVWLFVOjKRҥWÿӝQJWKѭѫQJPҥLWKHRÿyWKѭѫQJQKkQWәFKӭFWKӵFKLӋQPӝW
KRһFQKLӅXF{QJYLӋFEDRJӗPQKұQKjQJYұQWҧLOѭXNKROѭXEmLOjPWKӫWөFKҧL
TXDQFiFWKӫWөFJLҩ\WӡNKiFWѭYҩQNKiFKKjQJÿyQJJyLEDREuJKLNêPmKLӋXJLDR
KjQJKRһFFiFGӏFKYөNKiFFyOLrQTXDQÿӃQKjQJKRiWKHRWKRҧWKXұQYӟLNKiFKKjQJ
ÿӇKѭӣQJWKODRWUtFKÿLӅX/XұW7091
9ұQWҧLKjQJKRiOjPӝWKRҥWÿӝQJWURQJQKyPFiFGӏFKYөORJLVWLFV
ĈһFÿLӇPFӫDGӏFKYөYұQWҧLKjQJKRi
9ұQWҧL KjQJKyDOjQJjQKGӏFKYөQrQNKiFYӟLOƭQKYӵFVҧQ[XҩWGӏFKYө
YұQWҧLKjQJKyDFyQKӳQJÿһFÿLӇPFѫEҧQVDX
7tQKY{KuQKYұQWҧLKjQJKyDOjVҧQSKҭPGӏFKYөQrQFyWuQKY{KuQK5ҩWNKy
TXҧQWUӏFKҩWOѭӧQJÿiQKJLiFKҩWOѭӧQJ«'RDQKQJKLӋSNLQKGRDQKGӏFKYөYұQ
WҧLFҫQFK~WUӑQJÿӃQ[k\GӵQJWKѭѫQJKLӋXWURQJFҥQKWUDQK
7tQKNK{QJÿӗQJQKҩW5ҩWNKyFyWLrXFKXҭQÿiQKJLiFKҩWOѭӧQJFKҩWOѭӧQJ
NKyNLӇPVRiWNK{QJәQÿӏQK
7tQKNK{QJWKӇWiFKUӡL4XiWUuQKFXQJӭQJGӏFKYөYjWLrXGQJGLӉQUDÿӗQJ
WKӡL.KLNKiFKKjQJFyQKXFҫXO~FÿyQJѭӡLYұQWҧLPӟLFXQJFҩSGӏFKYө.Ky
EҧRÿҧPVӵәQÿӏQKFӫDFKҩWOѭӧQJSKөWKXӝFYjRQKkQYLrQFXQJFҩSGӏFKYө
YjVӵWKDPJLDFӫDNKiFKKjQJGӉWҥRUDVӵ[XQJÿӝWJLӳDQKXFҫXYjNKҧQăQJ
FXQJӭQJ«
7tQKWӗQNKRKҥQFKӃ.K{QJWKӇWӗQNKRQKѭ WURQJOƭQKYӵFVҧQ[XҩWQrQGӉ
SKiWVLQK[XQJÿӝWJLӳDQKXFҫXYjNKҧQăQJFXQJӭQJ
9DLWUzFӫDYұQWҧLKjQJKRi
9ұQWҧLKjQJKyDJL~SNKҳFSKөFNKRҧQJFiFKYӅNK{QJJLDQYjWKӡLJLDQ
JLӳDVҧQ[XҩWYjWLrXGQJ
9ұQWҧLKjQJKRiJL~SNӃWQӕLGRDQKQJKLӋSVҧQ[XҩWYӟLWKӏWUѭӡQJ
9ұQWҧL KjQJKRiNK{QJOjPJLDWăQJNKӕLOѭӧQJKjQJKRiQKѭQJJL~SQkQJ
FDRJLiWUӏKjQJKRi
9ұQWҧLKjQJKRiOjPӝWKRҥWÿӝQJTXDQWUӑQJGӏFKYөORJLVWLFVFNJQJQKѭ
WURQJTXҧQWUӏORJLVWLFVWURQJFiFGRDQKQJKLӋS
7URQJWKѭѫQJPҥLTXӕFWӃYұQWҧLKjQJKRiOjPӝWWURQJQKӳQJÿӝQJOӵF
TXDQWUӑQJWK~Fÿҭ\WRjQFҫXKRi
9ұQWҧLKjQJKRiҧQKKѭӣQJÿӃQVӭFFҥQKWUDQKFӫDGRDQKQJKLӋSWUrQWKӏ
WUѭӡQJWK{QJTXDED\ӃXWӕFKLSKtWKӡLJLDQYjPӭFÿӝUӫLURWURQJYұQWҧL
&iFKuQKWKӭFYұQWҧLKjQJKRi
&iFKuQKWKӭF
ĈѭӡQJEӝÿѭӡQJVҳW{W{
ĈѭӡQJWKXӹELӇQV{QJ
ĈѭӡQJNK{QJ
ĈDSKѭѫQJWKӭF
.KiFĈѭӡQJGk\ĈѭӡQJӕQJ
7KӵFWLӉQ
7URQJQѭӟFĈѭӡQJEӝOjFKӫ\ӃXWәQJOѭӧQJKjQJKRi
4XӕFWӃĈѭӡQJELӇQOjFKӫ\ӃXWәQJOѭӧQJKjQJKRi




































7әQJNKӕLOѭӧQJKjQJKRiYұQWҧLWURQJQѭӟFQJKuQWҩQ
ĈѭӡQJVҳW

ĈѭӡQJEӝ

ĈѭӡQJ
V{QJ

ĈѭӡQJELӇQ

ĈѭӡQJ
NK{QJ

7ӹWUӑQJQJjQKYұQWҧL
 
9ұQWҧLTXӕFWӃ*OREDOIUHLJKWGHPDQGZLOOWULSOHEHWZHHQ DQGEDVHGRQWKH
FXUUHQWGHPDQGSDWKZD\2IWKH WULOOLRQWNPWUDQVSRUWHGZRUOGZLGHLQ
WUDYHOOHGE\VHDE\URDGE\UDLODQGE\LQODQGZDWHUZD\/HVVWKDQ
RIJOREDOIUHLJKWLQWNPLVWUDQVSRUWHGE\DLU
&iFErQOLrQTXDQÿӃQYұQWҧLKjQJKRi
'ӏFKYөYұQWҧLKjQJKyDSKөFYөKRҥWÿӝQJPXDEiQKjQJKyD7URQJTXiWUuQKQj\
FyQKLӅXÿӕLWѭӧQJWKDPJLDSKәELӃQEDRJӗP
1JѭӡLEiQKjQJVHOOHUQJѭӡLEiQKjQJWURQJKӧSÿӗQJWKѭѫQJPҥL
1JѭӡLPXDKjQJEX\HUQJѭӡLPXDÿӭQJWrQWURQJKӧSÿӗQJWKѭѫQJPҥLYjWUҧWLӅQ
PXDKjQJ
1JѭӡLJӱLKjQJFRQVLJQRUVKLSSHUQJѭӡLJӱLKjQJNêKӧSÿӗQJYұQWҧLYӟL1JѭӡL
JLDRQKұQ KRһFQJѭӡL YұQWҧL
1JѭӡLYұQWҧLKD\QJѭӡLFKX\rQFKӣFDUULHUYұQWҧLKjQJWӯÿLӇPJLDRÿӃQÿLӇPQKұQ
WKHRKӧSÿӗQJYұQWҧL NKLYӟLQJѭӡLJӣLKjQJFKӫKjQJKRһFQJѭӡLJLDRQKұQ
&iFÿҥLOêYұQWҧLÿѭӡQJNK{QJÿѭӡQJELӇQFiFQKjP{LJLӟLKjQJKҧL
1JѭӡLJLDRQKұQ)RUZDUGHU ÿѭӧFJӑLWҳWWӯ)UHLJKW)RUZDUGHUQJѭӡLWUXQJJLDQWURQJ
PӕLTXDQKӋJLӳDQJѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJ)RUZDUGHUOjErQVӁQKұQKjQJ
WӯFKӫKjQJVDXÿyWKXrQJѭӡLYұQWҧLFDUULHUÿӇYұQWҧLKjQJYjWәFKӭFÿӇJLDRÿӃQ
WD\QJѭӡLQKұQWKHRKӧSÿӗQJ
1JѭӡLQKұQKjQJFRQVLJQHHQJѭӡLFyTX\ӅQQKұQKjQJKyD
YұQWҧLKjQJKRiTXӕFWӃ
+RҥWÿӝQJYұQWҧLKjQJKRiPjÿLӇPÿҫXYjFXӕLOjKDLTXӕFJLDNKiFQKDX
&yKuQKWKӭFYұQWҧLTXӕFWӃSKәELӃQĈѭӡQJELӇQÿѭӡQJEӝÿѭӡQJVҳW
YjÿѭӡQJNK{QJ
YұQWҧLKjQJKRiTXӕFWӃҧQKKѭӣQJÿӃQWKѭѫQJPҥLTXӕFWӃӣFiFNKtD
FҥQK
&KLSKt
7KӡLJLDQ
5ӫLUR
&iFErQOLrQTXDQÿӃQYұQWҧL1JѭӡLWKXrYұQWҧLQJѭӡLYұQWҧLQJѭӡLJLDR
QKұQQJѭӡLQKұQFiFFѫ TXDQFӫDFKtQKSKӫ«
3KiSOXұWYjÿLӅXѭӟFTXӕFWӃWURQJYұQWҧL
7әQJTXDQYӅSKiSOXұWYjNLQKGRDQK
+ӋWKӕQJSKiSOXұWPӝWTXӕFJLDSKkQFKLDWKjQKKLӃQSKiSFRQVWLWXWLRQOXұWF{QJ
SXEOLFODZYjOXұWWѭSULYDWHODZ
+LӃQSKiS+LӃQSKiSÿѭӧFEDQKjQKQKҵPKӋWKӕQJKyDQKӳQJQJX\rQWҳFÿѭӧF
FKҩSQKұQFKXQJGQJÿӇÿLӅXKjQKÿҩWQѭӟF&yVӵNKiFQKDXӣFiFTXӕFJLD
+LӃQSKiSWұSWUXQJTX\ÿӏQKYӅKӋWKӕQJFKtQKTX\ӅQWURQJPӝWQѭӟFYjTX\ӅQ
FӫDF{QJGkQ7X\QKLrQWKHRWKHRWKӡLJLDQSKҥPYLÿLӅXFKӍQKFӫDKLӃQSKiSFy
[XKѭӟQJÿѭӧFPӣUӝQJVDQJFiFTXDQKӋNKiFFKtQKWUӏNLQKWӃYăQKyD«Î
+LӃQSKiSOjOXұWFѫEҧQFӫDQKjQѭӟFPӑLQJjQKOXұWÿӅX[XҩWKLӋQWUrQFѫVӣ
FӫDKLӃQSKiS
/XұWF{QJ4X\ÿӏQKQJKƭDYөFӫDF{QJGkQYӟLQKjQѭӟFQKjQѭӟFÿҥLGLӋQYj
EҧRYӋTX\ӅQOӧLFKRF{QJGkQYjFӝQJÿӗQJFӫDKӑÎ 0DQJWtQKEҳWEXӝFSKҧL
WXkQWKӫ
/XұWWѭ4X\ÿӏQKQJKƭDYөFӫDF{QJGkQÿӕLYӟLQKDXÎ .K{QJPDQJWtQKEҳW
EXӝFPDQJWtQKÿӏQKKѭӟQJFiFErQÿѭӧFTX\ӅQWӵGRWKӓDWKXұQQӃXNK{QJ
WKӓDWKXұQWKuiSGөQJWKHROXұW
4XDQKӋJLӳDKӧSÿӗQJYjNLQKGRDQKTXӕFWӃ
.LQKGRDQKWUrQPӝWTXӕFJLDQjRÿyFK~QJWDSKҧLWXkQWKӫWKHRQKӳQJTX\
ÿӏQKEҳWEXӝFFӫDTXӕFJLDÿyOXұWÿҫXWѭOXұW'1OXұWWKXӃNӃWRiQODR
ÿӝQJP{LWUѭӡQJ«
4XDQKӋNLQKGRDQKJLӳDFiFErQÿѭӧFKuQKWKjQKWUrQFiFWKӓDWKXұQPj
FK~QJWDWKѭѫQJJӑLOjKӧSÿӗQJ&iFWKӓDWKXұQQj\
.K{QJÿѭӧFOjPWKD\ÿәLQJKƭDYөFӫDFiFErQWKHRTX\ÿӏQKFӫDOXұWF{QJ
&K~QJWDFyWKӇWKӓDWKXұQErQSKҧLWKӵFKLӋQQJKƭDYөQKѭQJNK{QJÿѭӧFOjP
WKD\ÿәLQJKƭDYөÿmÿѭӧFTX\ÿӏQK
&iFErQÿѭӧFWӵGRWKӓDWKXұQQKӳQJYҩQÿӅSKiSOXұWNK{QJEҳWEXӝFKD\
QKӳQJYҩQÿӅWKXӝFSKiSYLÿLӅXFKӍQKFӫDOXұWWѭ
0ӝWKӧSÿӗQJÿѭӧFNêNӃWWӭFOjFiFErQÿmWKӓDWKXұQOjPSKiWVLQKWKD\
ÿәLKRһFFKҩPGӭWTX\ӅQQJKƭDYөGkQVӵÿӕLYӟLQKDXQKѭQJNK{QJÿѭӧF
OjPWKD\ÿәLQJKLDYөÿӕLYӟLQKjQѭӟFFӫDFiFErQ
4XDQKӋJLӳDKӧSÿӗQJYjNLQKGRDQKTXӕFWӃ
.KLWKӓDWKXұQFiFKӧSÿӗQJTXӕFWӃQKӳQJYҩQÿӅPDQJWtQKEҳWEXӝFFy
WKӇNK{QJÿѭӧFWKҧROXұQYjÿѭDYjRKӧSÿӗQJPjFiFErQSKҧLWӵELӃWYj
OjPÿ~QJFiFQJKƭDYөQj\.KLYLSKiPSKiSOXұWVӁ³WUӯQJWUӏ´FKӫWKӇWKӵF
KLӋQKjQKYLYLSKҥPĈk\OjPӝWUӫLUROӟQNKLFK~QJWDNK{QJDPKLӇXSKiS
OXұWFӫDQѭӟFVӣWҥL1JRjLUDFiFTX\ÿӏQKEҳWEXӝFFNJQJFyWKӇOjFѫVӣÿӇ
JLҧLTX\ӃWFiF[XQJÿӝWOLrQTXDQÿӃQTX\ӅQYjQJKƭDYөFӫDFiFErQYӟL
QKDXWURQJWUѭӡQJKӧSSKiWVLQKWUDQKFKҩSNK{QJWKӇWKѭѫQJOѭӧQJÿѭӧF
.KLWKӓDWKXұQKӧSÿӗQJTXӕFWӃQKӳQJYҩQÿӅNK{QJFyWtQKEҳWEXӝFÿѭӧF
FiFErQWӵGRWKӓDWKXұQQӃXNK{QJWKӓDWKXұQWKӓDWKXұQNK{QJU}KRһF
PkXWKXүQ«FiFErQFyWKӇWӵJLҧLTX\ӃWYӟLQKDXQӃX[XQJÿӝWSKiWVLQK
WUѭӡQJKӧSNK{QJJLҧLTX\ӃWÿѭӧFFyWKӇSKҧLFăQFӭYjRTX\ÿӏQKFӫDSKiS
OXұWiSGөQJFKRKӧSÿӗQJÿӅJLҧLTX\ӃW[XQJÿӝWÿy9ҩQÿӅOjOXұWQjRVӁ
iSGөQJFKRKӧSÿӗQJ&yWKӇ/XұWFӫDQѭӟFFK~QJWDOXұWFӫDQѭӟFÿӕL
WiFÿLӅXѭӟFTXӕFWӃWұSTXiQWKѭѫQJPҥLTXӕFWӃÿLӅXQj\OjW\FiFErQ
WKӓDWKXұQ± WUӯFiFWUѭӡQJKӧSEӏEҳWEXӝF
&iFKӋWKӕQJSKiSOXұWWUrQWKӃJLӟL
+ӋWKӕQJWK{QJOXұW&RPPRQ/DZOXұWGӵDYjRiQOӋOӏFKVӱSKiSOêYjiS
GөQJYjRWӯQJWuQKKXӕQJFөWKӇ
+ӋWKӕQJGkQOXұW&LYLO/DZOXұWGӵDYjRFiFÿLӅXNKRҧQOXұWTXLÿӏQKFKLWLӃW
WURQJFiFEӝOXұW
+ӋWKӕQJOXұWW{QJLiR7KHRFUDWLF/DZOXұWKuQKWKjQKGӵDYjRFiFÿLӅXUăQ
Gҥ\FӫDW{QJLiR
+ӋWKӕQJTX\SKҥPSKiSOXұW9LӋW1DP
³/XұW%DQKjQKYăQEҧQTX\SKҥPSKiSOXұW´6ӕ4+QJj\WKiQJ
QăPĈѭӧFVӱDÿәLEҵQJ³/XұW6ӱDÿәLEәVXQJPӝWVӕÿLӅXFӫD/XұWEDQ
KjQKYăQEҧQTX\SKҥPSKiSOXұW´6ӕ4+QJj\WKiQJQăP

³/XұW%DQKjQKYăQEҧQTX\SKҥPSKiSOXұW´6ӕ9%+1934+QJj\WKiQJ
QăP
9ăQEҧQTX\SKҥPSKiSOXұW
9ăQEҧQTX\SKҥPSKiSOXұWOjYăQEҧQFyFKӭDTX\SKҥPSKiSOXұWÿѭӧFEDQKjQK
WKHRÿ~QJWKҭPTX\ӅQKuQKWKӭFWUuQKWӵWKӫWөFTX\ÿӏQK
9ăQEҧQFyFKӭDTX\SKҥPSKiSOXұWQKѭQJÿѭӧFEDQKjQKNK{QJÿ~QJWKҭPTX\ӅQ
KuQKWKӭFWUuQKWӵWKӫWөFTX\ÿӏQKWKuNK{QJSKҧLOjYăQEҧQTX\SKҥPSKiSOXұW
OjTX\WҳF[ӱVӵFKXQJFyKLӋXOӵFEҳWEXӝFFKXQJÿѭӧFiS
GөQJOһSÿLOһSOҥLQKLӅXOҫQÿӕLYӟLFѫTXDQWәFKӭFFiQKkQWURQJSKҥPYLFҧ
QѭӟFKRһFÿѫQYӏKjQKFKtQKQKҩWÿӏQKGRFѫTXDQQKjQѭӟFQJѭӡLFyWKҭP
TX\ӅQTX\ÿӏQKWURQJ/XұWQj\EDQKjQKYjÿѭӧF1KjQѭӟFEҧRÿҧPWKӵFKLӋQ
+ӋWKӕQJYăQEҧQTX\SKҥPSKiSOXұWWLӃSWKHR
 +LӃQSKiS
 %ӝOXұWOXұWVDXÿk\JӑLFKXQJOjOXұWQJKӏTX\ӃWFӫD4XӕFKӝL
 3KiSOӋQKQJKӏTX\ӃWFӫDӪ\EDQWKѭӡQJYө4XӕFKӝLQJKӏTX\ӃWOLrQWӏFK
JLӳDӪ\EDQWKѭӡQJYө4XӕFKӝLYӟLĈRjQ&KӫWӏFKӪ\EDQWUXQJѭѫQJ0һW
WUұQ7әTXӕF9LӋW1DPQJKӏTX\ӃWOLrQWӏFKJLӳDӪ\EDQWKѭӡQJYө4XӕFKӝL
&KtQKSKӫĈRjQ&KӫWӏFKӪ\EDQWUXQJѭѫQJ0һWWUұQ7әTXӕF9LӋW1DP
 /ӋQKTX\ӃWÿӏQKFӫD&KӫWӏFKQѭӟF
 1JKӏÿӏQKFӫD&KtQKSKӫQJKӏTX\ӃWOLrQWӏFKJLӳD&KtQKSKӫYӟLĈRjQ&Kӫ
WӏFKӪ\EDQWUXQJѭѫQJ0һWWUұQ7әTXӕF9LӋW1DP
 4X\ӃWÿӏQKFӫD7KӫWѭӟQJ&KtQKSKӫ
 1JKӏTX\ӃWFӫD+ӝLÿӗQJ7KҭPSKiQ7zDiQQKkQGkQWӕLFDR
+ӋWKӕQJYăQEҧQTX\SKҥPSKiSOXұWWLӃSWKHR
 7K{QJWѭFӫD&KiQKiQ7zDiQQKkQGkQWӕLFDRWK{QJWѭFӫD9LӋQWUѭӣQJ9LӋQNLӇPViW
QKkQGkQWӕLFDRWK{QJWѭFӫD%ӝWUѭӣQJ7KӫWUѭӣQJFѫTXDQQJDQJEӝTX\ӃWÿӏQKFӫD
7әQJ.LӇPWRiQQKjQѭӟF7K{QJWѭOLrQWӏFKJLӳD&KiQKiQ7zDiQQKkQGkQWӕLFDR
9LӋQWUѭӣQJ9LӋQNLӇPViWQKkQGkQWӕLFDR7әQJ.LӇPWRiQQKjQѭӟF%ӝWUѭӣQJ7Kӫ
WUѭӣQJFѫTXDQQJDQJEӝ.K{QJEDQKjQKWK{QJWѭOLrQWӏFKJLӳD%ӝWUѭӣQJ7KӫWUѭӣQJ
FѫTXDQQJDQJEӝ
 1JKӏTX\ӃWFӫD+ӝLÿӗQJQKkQGkQWӍQKWKjQKSKӕWUӵFWKXӝF7UXQJѭѫQJVDXÿk\JӑL
FKXQJOjFҩSWӍQK
 4X\ӃWÿӏQKFӫDӪ\EDQQKkQGkQFҩSWӍQK
 9ăQEҧQTX\SKҥPSKiSOXұWFӫDFKtQKTX\ӅQÿӏDSKѭѫQJӣÿѫQYӏKjQKFKtQK NLQKWӃ
ÿһFELӋW
 1JKӏTX\ӃWFӫD+ӝLÿӗQJQKkQGkQKX\ӋQTXұQWKӏ[mWKjQKSKӕWKXӝFWӍQKWKjQKSKӕ
WKXӝFWKjQKSKӕWUӵFWKXӝF7UXQJѭѫQJVDXÿk\JӑLFKXQJOjFҩSKX\ӋQ
 4X\ӃWÿӏQKFӫDӪ\EDQQKkQGkQFҩSKX\ӋQ
 1JKӏTX\ӃWFӫD+ӝLÿӗQJQKkQGkQ[mSKѭӡQJWKӏWUҩQVDXÿk\JӑLFKXQJOjFҩS[m
 4X\ӃWÿӏQKFӫDӪ\EDQQKkQGkQFҩS[m
*LӟLWKLӋX&{QJѭӟFYӅ/XұWÿLӅXѭӟFTXӕFWӃ
*ӑLWҳWOj&{QJѭӟFYLrQ
&{QJEӕQJj\ WKiQJQăP
&yKLӋXOӵFQJj\WKiQJQăP
1Jj\&KӫWӏFKQѭӟF&ӝQJKRj[mKӝLFKӫQJKƭD9LӋW1DPÿmNt
4X\ӃWÿӏQKVӕ4Ĉ&71SKrFKXҭQYLӋF9LӋW1DPJLDQKұS&{QJ
ѭӟF9LrQQăPYӅ/XұWÿLӅXѭӟF1Jj\%ӝWUѭӣQJ%ӝ1JRҥL
JLDR9LӋW1DPÿmNt&{QJKjPJLDQKұSJӱL7әQJWKѭNt/LrQKӧS4XӕF9LӋW
1DPFKtQKWKӭFWUӣWKjQKWKjQKYLrQ&{QJѭӟFNӇWӯQJj\
/jÿLӅXѭӟFTXӕFWӃÿDSKѭѫQJÿҫXWLrQTX\ÿӏQKQKӳQJQJX\rQWҳFYjTX\
SKҥPFѫEҧQYӅYLӋFNtNӃWKLӋXOӵFEҧROѭXWKLKjQKJLҧLWKtFKEәVXQJ
VӱDÿәLJLҧLTX\ӃWWUDQKFKҩSYӅÿLӅXѭӟFFKҩPGӭWKLӋXOӵFFiFÿLӅXѭӟF
TXӕFWӃYjPӝWVӕWKӫWөFNKiFOLrQTXDQÿӃQYLӋFOѭXFKLӇXWK{QJEiRF{QJ
EӕYjÿăQJNtÿLӅXѭӟFTXӕFWӃNtNӃWJLӳDFiFTXӕFJLDYӟLQKDX
7KjQKYLrQFӫDF{QJѭӟF9LrQ
3DUWLHV 6LJQDWRULHV 1RQSDUWLHV
7tQKÿӃQ WKiQJ
TXӕFJLDÿmSKrFKXҭQF{QJѭӟF
TXӕFJLDÿmNêQKѭQJFKѭDSKrFKXҭQF{QJѭӟF
TXӕFJLDNK{QJNêKRһFSKrFKXҭQ&{QJѭӟF
*LӟLWKLӋX/XұWÿLӅXѭӟFTXӕFWӃVӕ4+
3KDPYLÿLӅXFKӍQK/XұWQj\TX\ÿӏQKYӅYLӋFNêNӃWEҧROѭXVӱDÿәLEәVXQJJLD
KҥQFKҩPGӭWKLӋXOӵFWӯEӓU~WNKӓLWҥPÿuQKFKӍWKӵFKLӋQOѭXFKLӇXOѭXWUӳ
VDROөFÿăQJWҧLÿăQJNêYjWәFKӭFWKӵFKLӋQÿLӅXѭӟFTXӕFWӃ
ĈLӅXѭӟFTXӕFWӃ OjWKӓDWKXұQEҵQJYăQEҧQÿѭӧFNêNӃWQKkQGDQK1KjQѭӟF
KRһF&KtQKSKӫQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPYӟLErQNêNӃWQѭӟF
QJRjLOjPSKiWVLQKWKD\ÿәLKRһFFKҩPGӭWTX\ӅQQJKƭDYөFӫDQѭӟF&ӝQJKzD
[mKӝLFKӫQJKƭD9LӋW1DPWKHRSKiSOXұWTXӕFWӃNK{QJSKөWKXӝFYjRWrQJӑLOj
KLӋSѭӟFF{QJѭӟFKLӋSÿӏQKÿӏQKѭӟFWKӓDWKXұQQJKӏÿӏQKWKѭEҧQJKLQKӟ
F{QJKjPWUDRÿәLKRһFYăQNLӋQFyWrQJӑLNKiF
ĈLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQ Oj
ÿLӅXѭӟFTXӕFWӃÿDQJFyKLӋXOӵFÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW
1DP
%rQNêNӃWQѭӟFQJRjL OjTXӕFJLDWәFKӭFTXӕFWӃKRһFFKӫWKӇNKiFÿѭӧFF{QJ
QKұQOjFKӫWKӇFӫDSKiSOXұWTXӕFWӃ 7әFKӭFTXӕFWӃ OjWәFKӭFOLrQFKtQKSKӫ
7UѭӡQJKӧSYăQEҧQTX\SKҥPSKiSOXұWYjÿLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD
[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQFyTX\ÿӏQKNKiFQKDXYӅFQJPӝWYҩQÿӅ
WKuiSGөQJTX\ÿӏQKFӫDÿLӅXѭӟFTXӕFWӃÿyWUӯ+LӃQSKiS
OjKjQKYLSKiSOêGRQJѭӡLFyWKҭPTX\ӅQKRһFFѫTXDQQKjQѭӟFFyWKҭP
TX\ӅQWKӵFKLӋQEDRJӗPÿjPSKiQNêSKrFKXҭQSKrGX\ӋWJLDQKұSÿLӅXѭӟFTXӕF
WӃKRһFWUDRÿәLYăQNLӋQWҥRWKjQKÿLӅXѭӟFTXӕFWӃ
OjKjQKYLSKiSOêGRQJѭӡLFyWKҭPTX\ӅQKRһFQJѭӡLÿѭӧFӫ\TX\ӅQWKӵFKLӋQ
EDRJӗPNêÿLӅXѭӟFTXӕFWӃNK{QJSKҧLSKrFKXҭQKRһFSKrGX\ӋWYjNêÿLӅXѭӟF
TXӕFWӃSKҧLSKrFKXҭQKRһFSKrGX\ӋW
OjKjQKYLSKiSOêGRQJѭӡLFyWKҭPTX\ӅQKRһFQJѭӡLÿѭӧFӫ\TX\ӅQWKӵFKLӋQ
ÿӇ[iFQKұQYăQEҧQÿLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DP
GӵÿӏQKNêOjYăQEҧQFXӕLFQJÿmÿѭӧFWKӓDWKXұQYӟLErQNêNӃWQѭӟFQJRjL
OjKjQKYLSKiSOêGR4XӕFKӝLKRһF&KӫWӏFKQѭӟFWKӵFKLӋQÿӇFKҩSQKұQ
VӵUjQJEXӝFFӫDÿLӅXѭӟFTXӕFWӃÿmNêÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW
1DP
OjKjQKYLSKiSOêGR&KtQKSKӫWKӵFKLӋQÿӇFKҩSQKұQVӵUjQJEXӝFFӫD
ÿLӅXѭӟFTXӕFWӃÿmNêÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DP
*LӟLWKLӋX/XұWÿLӅXѭӟFTXӕFWӃ WLӃSWKHR
0ӝWVӕNKiLQLӋPOLrQTXDQ
OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟFKRһF&KtQKSKӫWKӵFKLӋQÿӇ
FKҩSQKұQVӵUjQJEXӝFFӫDÿLӅXѭӟFTXӕFWӃQKLӅXErQÿӕLYӟLQѭӟF&ӝQJKzD;+&1
9LӋW1DPWURQJWUѭӡQJKӧSQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPNK{QJNêÿLӅX
ѭӟFTXӕFWӃÿyNK{QJSKөWKXӝFYjRYLӋFÿLӅXѭӟFTXӕFWӃQj\ÿmFyKLӋXOӵFKD\
FKѭDFyKLӋXOӵF
ÿ ă ÿ ͳ OjYLӋFWUDRÿәLWKѭF{QJKjPKRһFYăQ
NLӋQFyWrQJӑLNKiFWҥRWKjQKÿLӅXѭӟFTXӕFWӃKDLErQJLӳDQѭӟF&ӝQJKzD[mKӝL
FKӫQJKƭD9LӋW1DPYjErQNêNӃWQѭӟFQJRjL
OjWX\rQEӕFӫDQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPKRһFErQNêNӃW
QѭӟFQJRjLNKLNêSKrFKXҭQSKrGX\ӋWKRһFJLDQKұSÿLӅXѭӟFTXӕFWӃQKLӅXErQ
QKҵPORҥLWUӯKRһFWKD\ÿәLKLӋXOӵFSKiSOêFӫDPӝWKRһFPӝWVӕTX\ÿӏQKWURQJÿLӅX
ѭӟFTXӕFWӃ
΁ Ή ÿ ͳ OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟF
KRһF&KtQKSKӫWKӵFKLӋQÿӇWӯEӓKLӋXOӵFFӫDÿLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD
[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQ
ÿ Ή ÿ ͳ OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟF
KRһF&KtQKSKӫWKӵFKLӋQÿӇWҥPGӯQJWKӵFKLӋQWRjQEӝKRһFPӝWSKҫQÿLӅXѭӟF
TXӕFWӃPjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQ
΃ ÿ ͳ OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟF
KRһF&KtQKSKӫWKӵFKLӋQÿӇWӯEӓYLӋFFKҩSQKұQVӵUjQJEXӝFFӫDÿLӅXѭӟFTXӕFWӃ
ÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DP
3KiSOXұW9LӋW1DPYjÿLӅXѭӟFTXӕFWӃWURQJ
YұQWҧLKjQJKRi
7URQJQѭӟF
/XұWJLDRWK{QJÿѭӡQJEӝ4+
/XұWĈѭӡQJVҳWVӕ4+
/XұWKjQJNK{QJGkQGөQJ9LӋW1DPVӕ4+VӱDÿәL
%ӝOXұWKjQJKҧL9LӋW1DPVӕ4+
4XӕFWӃ
&iFF{QJѭӟFYӅYұQWҧLÿѭӡQJEӝÿѭӡQJVҳW
&iFF{QJѭӟFYӅYұQWҧLÿѭӡQJNK{QJ
&iFF{QJѭӟFYӅYұQWҧLÿѭӡQJELӇQ
&iFF{QJѭӟFYӅYұQWҧLÿDSKѭѫQJWKӭF
&KѭѫQJ
&iFÿLӅXѭӟFTXӕFWӃWURQJYұQWҧLKjQJKRi
ÿѭӡQJEӝ
6ӕ
WLӃW
1ӝLGXQJ0өF
.KiLTXiWYӅYұQWҧLKjQJKRiTXӕFWӃEҵQJÿѭӡQJEӝYj
FiFÿLӅXѭӟFTXӕFWӃ

&{QJѭӟFYӅ*LDRWK{QJÿѭӡQJEӝ&{QJѭӟF9LrQ
&{QJѭӟFYӅELӇQEiRYjWtQKLӋXJLDRWK{QJÿѭӡQJEӝ
&iFF{QJѭӟFYӅWKӫWөFKҧLTXDQWURQJYұQWҧLÿѭӡQJ
TXӕFWӃ

7əQJ
.KiLTXiWYӅYұQWҧLKjQJKRiTXӕFWӃEҵQJ
YjFiFÿLӅXѭӟFTXӕFWӃ
.KiLTXiWYӅYұQFKX\ӇQÿѭӡQJEӝ
9ұQFKX\ӇQÿѭӡQJEӝURDGZD\VOjSKѭѫQJWKӭFYұQWҧLSKəELӃ
9ұQFKX\ӇQEҵQJÿѭӡQJEӝWKtFKKӧSYұQFKX\ӇQKjQJKyDFyOѭX
QKӓFӵOLYұQFKX\ӇQQJҳQYjWUXQJEuQKKjQJKyDPDXKӓQJY
FyQKXFҫXWӕFÿӝÿѭDKjQJQKDQK
9ұQFKX\ӇQÿѭӡQJEӝFKӫ\ӃXSKөFYөFKX\rQFKӣQӝLÿӏDFzQÿӕL
WҧLKjQJKyDTXӕFWӃYұQWҧLÿѭӡQJEӝEӏKҥQFKӃUҩWQKLӅX
7URQJWKѭѫQJPҥLTXӕFWӃYұQFKX\ӇQÿѭӡQJEӝSKiWWULӇQPҥ
QѭӟFFKkXÆX
ĈӕLYӟL91YұQFKX\ӇQÿѭӡQJEӝWUrQWəQJNKӕLOѭӧQJKjQJKRi
7URQJPXDEiQ4XӕFWӃYұQFKX\ӇQÿѭӡQJEӝFKLӃPNKRҧQJ
ѬXÿLӇPYjKҥQFKӃFӫDYұQWҧLÿѭӡQJEӝ
ѬXÿLӇP
5ҩWOLQKKRҥWWKӡLJLDQYұQFKX\ӇQNKiQKDQK
7KӫWөFWKӵFKLӋQÿѫQJLҧQ
'ӉGjQJYұQFKX\ӇQQKLӅXORҥLKjQJ
+ҥQFKӃ
.KyYұQFKX\ӇQKjQJKRiTXӕFWӃJLӳDFiFFKkXOөFNKyYұQFKX\ӇQ
YӟLTX\P{OӟQKjQJFӗQJNӅQKWҧLWUӑQJOӟQ
*k\{QKLӉPP{LWUѭӡQJ
&ѭӟFSKtFDR
7KӡLJLDQ&RQW'&+&.PĈӃQĈL3KѭѫQJWKӭF
K*DĈj1ҹQJ*D*LiS%iW+j1ӝLĈѭӡQJVҳW
QJj\&ҧQJĈj1ҹQJ&ҧQJ+ҧL3KzQJĈѭӡQJELӇQ
K.&1+Rj.KiQKĈ173+ӗ&Kt0LQKĈѭӡQJEӝ
6ӵSKiWWULӇQFӫDSKѭѫQJWLӋQYұQWҧLÿѭ
1JXӗQJӕFFӫDWӯ{W{Oj WLӃQJ$QKFyQJKƭDOjWӵÿӝQJ
ÿӝQJ 6ӵUDÿӡLFӫD[HKѫLVRQJKjQKYӟLVӵSKiWWULӇQFӫDÿӝQJ
6ӵUDÿӡLFӫDÿӝQJFѫKѫLQѭӟF
5DÿӡLWӯQăPEӣL7KRPDV6DYHU\QKjSKiWPLQKQJѭӡL$QK
1ăP7KRPDV1HZFRPHQÿmSKiWWULӇQWKLӃWEӏEѫPQѭӟFUDNKӓLFiF
QJX\rQOêFӫDÿӝQJFѫKѫLQѭӟF
1ăP-DPHV:DWWÿmFҧLWLӃQÿӝQJFѫFӫD1HZFRPHQYjNӃWKӧSYӟLPӝW
QKkQSKiWWULӇQÿӝQJFѫKѫLQѭӟFӭQJGөQJWURQJF{QJQJKLӋS
ĈҫXWKӃNӹÿӝQJFѫKѫLQѭӟFWUӣQrQQKӓJӑQÿӫÿӇOҳSUiSYjRÿҫX
WjXWKX\ӅQ
&KLӃF[HKѫLÿҫXWLrQWUrQWKӃJLӟLUDÿӡLQăPFKҥ\EҵQJÿӝQJFѫK
1LFRODXV2WWRSKiWPLQKUDÿӝQJFѫÿӕWWURQJQăPQKӳQJFKLӃ
WKӡLNǤQj\PӟLFyKuQKGiQJYjÿӝQJFѫJҫQYӟLQJj\QD\QKҩW
1ăP±&KLӃF[HKѫLÿҫXWLrQÿѭӧFSKiWPLQKEӣL.DUO%H
VѭQJѭӡLiR
1ăP±+mQJ)RUGVҧQ[XҩWGzQJ[HKX\ӅQWKRҥL±)RUG0R
1ăP±+ӋWKӕQJNKӣLÿӝQJEҵQJÿLӋQWӱ(OHFWULF,JQLWL
6WDUWHU±WKD\FKRWD\TXD\
1ăP±ƏPӗLWKXӕFOiWUrQ{W{&LJDUHWWHOLJKWHUV
1ăP±ĈjLSKiWWKDQKWUrQ{W{&DUUDGLR
1ăP±+ӋWKӕQJWUHROz[RFXӝQ[RҳQ&RLOVSULQJVXV
6\VWHP
1KӳQJQăP±&ӱDVəÿLӋQ{W{3RZHU:LQGRZV(OHFWULF
:LQGRZV
1ăP±&KuDNKyD{W{&DUNH\
1ăP±+ӋWKӕQJWUӧOӵFOiLÿҫXWLrQFKR[HWKѭѫQJPҥ
VWHHULQJ6\VWHP
1ăP±+ӋWKӕQJÿLӅXKRj{W{$LU&RQGLWLRQLQJ6\VWH
1ăP±'k\ÿDLDQWRjQ6HDWEHOWV
1ăP±&ҫQJҥWQѭӟFNtQKFKҳQJLyNLӇXJLiQÿRҥQ
1KӳQJQăP±'jQkPWKDQKEăQJFDVVHWWH
1KӳQJ1ăP±&{QJQJKӋ$%6$%6WHFKQRORJ\
1ăP±%ӝFKX\ӇQÿəL[~FWiF&DWDO\WLFFRQYHUWHU
1ăP±0jQKuQKEҧQJÿLӅXNKLӇQNӻWKXұWVӕ'LJLWDO
GLVSOD\V
1ăP±ĈҫXÿƭD&'&'SOD\HUV
1ăP±7~LNKt$LUEDJV
1ăP±+ӋWKӕQJFҧQKEiRÿӛ[H&ҧPELӃQFҧQKEiRYD
(OHFWURPDJQHWLFSDUNLQJVHQVRU
1ăP±*36ÿӏQKYӏYӋWLQK
1ăP±%OXHWRRWK
1ăP±&DPHUDKjQKWUuQKSKtDVDX5HYHUVLQJFDPHUD
1ăP±+ӋWKӕQJÿӛ[HWӵÿӝQJ$XWRPDWLF3DUNLQJ
1KӳQJQăP±7tQKQăQJKӛWUӧQJѭӡLOiL'ULYHUDVVLVW
1ăP±&{QJQJKӋOiL[HWӵÿӝQJFӫD7HVOD7HVODDXWRS
1ăP±%ӝÿӏQKWX\ӃQSKiWVyQJ:L)L*
1ăP±ÐW{WӵOiL
3KѭѫQJWLӋQYұQWҧLÿѭӡQJEӝ
;HWҧLKҥQJQKҽ;HWҧLKҥQJQһQJ7LrXFKt
1KӓKѫQNJËWQKҩWWӯWҩQWUӣOrQ7UӑQJWҧLWKӵFWӃ
7KQJ[HÿѭӧFWKLӃWNӃQKӓFKӍFKRSKpSYұ
FKX\ӇQNKӕLOѭӧQJQKӓKjQJKyD
7KQJ[HÿѭӧFWKLӃWNӃUӝQJYӟLNtFK
WKѭӟFOӟQÿӇFKX\rQFKӣÿѭӧFQKLӅX
KjQJKyDFQJPӝWO~F
7KLӃWNӃWKQJ
[H
&KX\rQFKӣNKӕLOѭӧQJKjQJKyDQKӓ
&KX\ӇQFKӣNKӕLOѭӧQJKjQJKyDOӟQÿӃQ
UҩWOӟQQJX\rQFRQWDLQHU
.KҧQăQJ
FKX\rQFKӣ
'ѭӟLNPĈѭӡQJGjLWUrQNP
3KҥPYLYұQ
FKX\ӇQKLӋXTXҧ
&Kӫ\ӃXYұQFKX\ӇQKjQJKyDQKӓQKҽ
&KX\rQFKӣÿѭӧFWҩWFҧFiFORҥLKjQJ
KyDWӯKjQJQKҽFKRÿӃQKjQJFӗQJNӅQK
/RҥLKjQJKyD
YұQFKX\ӇQ
±3KKӧSYӟLNKXYӵFFyWX\ӃQÿѭӡQJQKӓ
±.K{QJGLFKX\ӇQÿѭӧFTXmQJÿѭӡQJTXi[D
±.KyNKăQYӟLFiFORҥLKjQJKyDOӟQ
±7KXұQOӧLGLFKX\ӇQÿӃQÿӏDÿLӇP[D
±.KyYjRNKXYӵFFyWX\ӃQÿѭӡQJQKӓ
±.KyYұQFKX\ӇQYjNӃWKӧSKjQJQKӓ
±'ӉEӏFҩPÿѭӡQJ
7tQKOLQKKRҥW
;HÿҫXNpR5DÿӡLӣ0ӻYjRQăP
7UӑQJOѭӧQJEҧQWKkQNJ
.KӕLOѭӧQJNpRWKHRFKRSKpSWKDPJLDJLDRWK{QJNJ
[[.tFKWKѭӟF[H'[5[&PP
.tFKWKѭӟFErQWURQJFӫDFRQWDLQHU
7KӇWtFKP&KLӅXFDRP&KLӅXUӝQJP&KLӅXGjLP/RҥL&RQWDLQHU
P&RQWDLQHUIHHW
P&RQWDLQHUIHHWOҥQK
P&RQWDLQHUIHHWWKѭӡQJ
P&RQWDLQHUIHHWFDR
P&RQWDLQHUIHHWOҥQK
9tGөWK{QJVӕFRQWDLQHUIHHW
3KѭѫQJWLӋQYұQWҧLKjQJVLrXWUѭӡQJVLr
*Lҩ\SKpSOiL[HWKHROXұW91"
 +ҥQJ$0{W{KDLEiQKFyGXQJWtFK[\ODQKWӯFPÿӃQGѭӟLFP
WұWOiL[HP{W{EDEiQKGjQKFKRQJѭӡLNKX\ӃWWұW
 +ҥQJ$
;HP{W{KDLEiQKFyGXQJWtFK[\ODQKWӯFP
YjFiFORҥL[H
JLҩ\SKpSOiL[HKҥQJ$
 +ҥQJ$FҩSFKRQJѭӡLOiL[HÿӇÿLӅXNKLӇQ[HP{W{EDEiQKFiFORҥL[H
JLҩ\SKpSOiL[HKҥQJ$YjFiF[HWѭѫQJWӵ
 +ҥQJ$1JѭӡLOiL[HFiFORҥLPi\NpRQKӓFyWUӑQJWҧLÿӃQNJ
 +ҥQJ%GjQKFKR[HVӕWӵÿӝQJNK{QJKjQKQJKӅOiL[H{W{FKӣQJѭӡL
QJӗLNӇFҧFKӛQJӗLFKRQJѭӡLOiL[H{W{WҧLNӇFҧ{W{WҧLFKX\rQG
WҧLWKLӃWNӃGѭӟLNJ{W{GQJFKRQJѭӡLNKX\ӃWWұW
 +ҥQJ%FҧVӕVjQVӕWӵÿӝQJNK{QJKjQKQJKӅOiL[H{W{FKӣQJѭ
QJӗLNӇFҧFKӛQJӗLFKRQJѭӡLOiL[H{W{WҧLNӇFҧ{W{WҧLFKX\rQG
GѭӟLNJPi\NpRNpRPӝWUѫPRyFFyWUӑQJWҧLWKLӃWNӃGѭӟL
 +ҥQJ%KjQKQJKӅOiL[HÿӇÿLӅXNKLӇQFiFORҥL[HFKӣQJѭӡLWӯ±FKӛ
GQJFyWUӑQJWҧLWKLӃWNӃGѭӟLWҩQYjFiFORҥL[HTX\ÿӏQKFKRJLҩ\
*Lҩ\SKpSOiL[HWKHROXұW91"
 +ҥQJ&OiL[H{W{±FKӛ{W{WҧLNӇFҧ{W{WҧLFKX\rQGQJYj{W{FKX
NӃWӯNJWUӣOrQPi\NpRNpRPӝWUѫPRyFFyWUӑQJWҧLWKLӃWNӃWӯ
TX\ÿӏQKFKRJLҩ\SKpSOiL[HKҥQJ%%
 +ҥQJ'ÐW{FKӣQJѭӡLWӯ±FKӛNӇFҧFKӛFӫDQJѭӡLOiL[HFiFORҥL[HT
SKpSOiL[HKҥQJ%%&
 +ҥQJ(ÐW{FKӣQJѭӡLWUrQFKӛFiFORҥL[HTX\ÿӏQKFKRJLҩ\SKpSOiL[HKҥQJ
&K~ê1JѭӡLFyJLҩ\SKpSOiL[HFiFKҥQJ%%&'Yj(NKLÿLӅXNKLӇQFiFORҥL
ÿѭӧFNpRWKrPPӝWUѫPRyFFyWUӑQJWҧLWKLӃWNӃNK{QJTXiNJ
 +ҥQJ)QJѭӡLÿmFyJLҩ\SKpSOiL[HFiFKҥQJ%&'Yj(ÿӇÿLӅXNKLӇQFiFORҥL
ӭQJNpRUѫPRyFFyWUӑQJWҧLWKLӃWNӃOӟQKѫQNJVѫPLUѫPRyF{W{NK
ÿӏQKFөWKӇQKѭVDX
+ҥQJ)%QJѭӡLOiLFiFORҥL[HWKHRTX\ÿӏQKKҥQJ%NpRWKHRUѫPRyF
+ҥQJ)&QJѭӡLOiL[HFiFORҥL[HWKHRTX\ÿӏQKKҥQJ&NpRWKHRUѫPRyF
+ҥQJ)'QJѭӡLOiL[HFiFORҥL[HWKHRTX\ÿӏQKKҥQJ'NpRWKHRUѫPRyF
+ҥQJ)(QJѭӡLOiL[HFiFORҥL[HWKHRTX\ÿӏQKKҥQJ(NpRWKHRUѫPRyF
6ӵWѭѫQJӭQJJLӳDEҵQJOiL[H9LӋW1DPYjTXӕFW
4XӕFWӃ9LӋW1DP
$$
$$
%$
%%%
&&&
''
'(
%()%
&(&()&
'()'
'()(
.KӕLOѭӧQJKjQJKRiTXiWҧL"
;HYѭӧWTXiWUӑQJWҧLÿѭӧFKLӇXOjPӝW[HFKӣKjQJYѭӧWTXiNKӕL
ÿѭӧFSKpSFKX\rQFKӣWKHRJLҩ\FKӭQJQKұQNLӇPÿӏQKDQWRjQNӻWKXұW
P{LWUѭӡQJÿăQJNLӇP[H
.KӕLOѭӧQJKjQJKRiTXiWҧL 7əQJWҧLWUӑQJ[HFkQÿѭӧFKLӋQWҥL
WKHRWKLӃWNӃFӫDQKj6;7ҧLWUӑQJKjQJKyDÿѭӧFSKpSFKӣWK
3KҫQWUăPTXiWҧL .KӕLOѭӧQJKjQJTXiWҧL7ҧLWUӑQJWӕLÿD
9tGө;HWҧLWҩQ+\XQGDLNtFKWKѭӟF'[5[&[[
WKѭӟFWKQJ[H'[5[&[[PPWUӑQJOѭӧQJNK{Q
WUӑQJOѭӧQJWRjQEӝNJWҧLWUӑQJWҩQVӕFKӛQJӗL
NPKGXQJWtFKEuQKQKLrQOLӋXOtW
7KӡLÿLӇPF{QJDQJLDRWK{QJNLӇPWUDFkQ[HFyWəQJWUӑQJOѭӧQJOj
Î .KӕLOѭӧQJTXiWҧL ±± NJ
Î 3KҫQWUăPTXiWҧL [ 
Î ;HÿmTXiWҧLYjVӁSKҧLFKӏXPӭFSKҥWiSGөQJÿӕLYӟLWӹOӋSK
3KҥWTXiWҧLWKHR1JKӏÿӏQK1Ĉ&3
0ӭFSKҥWYӟLFKӫ[H
˿ ÿ ͵
͵ ÿ ÿ ˿ Ή
ÿ ˿ Ή
0ӭFSKҥWYӟLOiL[H
͵ ÿ Ή
0ӭFTXi
WҧL
WULӋXÿӗQJÿӕLYӟLFiQKkQWӯW
ÿӗQJÿӕLYӟLWəFKӭFOjFKӫ[H
ĈLӇPGNKRҧQĈLӅX1JKӏÿӏQK1
&3VӱDÿəLEӣL1JKӏÿӏQK1Ĉ&3
WULӋXÿӗQJ
.KRҧQĈLӅX1JKӏÿӏQK
1Ĉ&3VӱDÿəLEӣL1JKӏÿӏQK
1Ĉ&3

WULӋXÿӗQJÿӕLYӟLFiQKkQWUL
ÿӗQJÿӕLYӟLWəFKӭFOjFKӫ[H
.KRҧQĈLӅX1JKӏÿӏQK1Ĉ&3VӱD
ÿəLEӣL1JKӏÿӏQK1Ĉ&3
WULӋXÿӗQJ
ĈLӇPDNKRҧQĈLӅX1JKӏÿӏQK
1Ĉ&3VӱDÿəLEӣL1JKӏÿӏQK
1Ĉ&3

WULӋXÿӗQJÿӕLYӟLFiQKkQWU
ÿӗQJÿӕLYӟLWəFKӭFOjFKӫ[H
.KRҧQĈLӅX1JKӏÿӏQK1Ĉ&3VӱD
ÿəLEӣL1JKӏÿӏQK1Ĉ&3
WULӋXÿӗQJ
ĈLӇPDNKRҧQĈLӅX1JKӏÿӏQK
1Ĉ&3VӱDÿəLEӣL1JKӏÿӏQK
1Ĉ&3
7UrQ
/iL[HÿӗQJWKӡLOjFKӫSKѭѫQJWLӋQSKҥWWKHR
FӫDFKӫSKѭѫQJWLӋQ
7ѭӟFJLҩ\SKpSOiL[HWӯÿӃQWKiQJ
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧL
&{QJѭӟF*HQHYDYӅ*LDRWK{QJĈѭӡQJEӝ*HQHYD&RQYHQWLRQR
7UDIILF±.êWҥL*HQHYDFyKLӋXOӵFQJj\±&{QJѭӟFFy
SKrFKXҭQ
&{QJѭӟF9LrQYӅ*LDRWK{QJĈѭӡQJEӝ&RQYHQWLRQRQ5RDG7UDI
±KLӋQFyTXӕFJLDOjWKjQKYLrQ9LӋW1DPÿDQJOjWKj
ѭӟFQj\WӯQJj\
&{QJѭӟF9LrQYӅ%LӇQEiRYjWtQKLӋXJLDRWK{QJÿѭӡQJEӝ&RQYHQW
6LJQVDQG6LJQDOVNêQJj\±KLӋQFyTXӕFJLDOjWKjQ
ÿDQJOjWKjQKYLrQFӫDF{QJѭӟFQj\WӯQJj\
&{QJѭӟF&05&05&RQYHQWLRQ&RQYHQWLRQRQWKH&RQWUDFWIRUW
&DUULDJHRI*RRGVE\5RDG1KҵPPөFÿtFKWKӕQJQKҩWYjWLrXFKXҭQKyD
WҳFÿLӅXNLӋQÿLӅXFKӍQKFiFKӧSÿӗQJYұQFKX\ӇQKjQJKyDEҵQJÿѭӡQ
WӃÿһFELӋWYӅFKӭQJWӯYjWUiFKQKLӋPFӫDQJѭӡLFKX\rQFKӣÿѭӡQJ
7k\ÆXÿmNtNӃW&{QJѭӟFYӅKӧSÿӗQJFKX\rQFKӣKjQJKyDEҵQJÿѭӡQJ
WӃKD\FzQJӑLOjF{QJѭӟF&05QJj\WҥL*HQqYHFyKLӋXO
ĈӃQQD\F{QJѭӟF&05ÿmFyQѭӟFFKkXÆXWKDPJLD
*LӟLWKLӋX/LrQKӧSTXӕF YLӃWWҳW
/LrQ+ӧS4XӕFOjPӝWWəFKӭFOLrQFKtQKSKӫFyQKLӋPYө
'X\WUuKzDEuQKYjDQQLQKTXӕFWӃ
7K~Fÿҭ\TXDQKӋKӳXQJKӏJLӳDFiFTXӕFJLD
7KӵFKLӋQKӧSWiFTXӕFWӃWK{QJTXDJLҧLTX\ӃWFiFYҩQÿӅTXӕFWӃWUrQ
WӃ[mKӝLYăQKyDYjQKkQÿҥR
;k\GӵQJ/+4OjPWUXQJWkPÿLӅXKzDFiFQӛOӵFTXӕFWӃYuFiFPөFWLrXFKX
/LrQ+ӧS4XӕFÿѭӧFWKjQKOұSYjRWҥL6DQ)UDQFLVFR&DO
7UөVӣFKtQKÿѭӧFÿһWWҥL0DQKDWWDQ1HZ<RUNYjFiFFKLQKiQKNKi
*HQHYD7KXӷ6ƭ1DLUREL.HQ\D9LHQQDÈRYj'HQ+DDJ/D+D\H
7əFKӭFQj\ÿѭӧFWjLWUӧEҵQJVӵÿyQJJySWӵQJX\ӋQWӯFiFTXӕFJLDWK
/LrQ+ӧS4XӕFOjWəFKӭFOLrQFKtQKSKӫOӟQQKҩWWUrQWKӃJLӟL
.KLWKjQKOұSFyTXӕFJLDWKjQKYLrQKLӋQFyWKjQKYLrQYj
&{QJѭӟFFӫDOLrQKLӋSTXӕF
7KH8QLWHG1DWLRQV7UHDW\&ROOHFWLRQKWWSVWUHDWLHVX
ѭӟFFӫD/LrQKӧSTXӕF
7UDQJZHEFXQJFҩSORҥLWK{QJWLQJuOLrQTXDQÿӃQFiFKLӋSѭӟ
GR/LrQ+LӋS4XӕFTXҧQOê
*L~SWUX\FұSFiFWK{QJWLQOLrQTXDQÿLӅXѭӟFÿDSKѭѫQJ
WK{QJWLQQəLEұWJӗP
&ѫTXDQOѭXFKLӇXFiFÿLӅXѭӟF
ĈăQJNêYjF{QJEӕFiFÿLӅXѭӟFTXӕFWӃ
7jLQJX\rQ&iFҩQSKҭPYjWjLOLӋXOLrQTXDQÿӃQÿLӅXѭӟFFӫD/+4
6ӵNLӋQYӅFiFÿLӅXѭӟFFӫD/+4
*LDRGLӋQZHEVLWHTXҧQOêFiFÿLӅXѭӟFTXӕFWӃ
ĈLӅXѭӟFYӅJLDRWK{QJ
&{QJѭӟF9LrQYӅJLDRWK{QJÿѭӡQJEӝ
7əQJTXDQ
&{QJѭӟFYӅJLDRWK{QJÿѭӡQJEӝWKѭӡQJÿѭӧFJӑLOj&{QJѭӟF9
JLDRWK{QJÿѭӡQJEӝOjPӝWKLӋSѭӟFTXӕFWӃÿѭӧFWKLӃWNӃ
FKRJLDRWK{QJÿѭӡQJEӝTXӕFWӃYjWăQJDQWRjQJLDRWK{QJEҵ
OұSFiFTX\WҳFJLDRWK{QJWLrXFKXҭQJLӳDFiFErQWKDPJLDF{QJ
&{QJѭӟFÿmÿѭӧFWKӕQJQKҩWWҥLKӝLQJKӏFӫD+ӝLÿӗQJ.LQKWӃ
+ӧS4XӕFYӅ*LDRWK{QJÿѭӡQJEӝWKiQJWKiQJQăP
ÿѭӧFNêNӃWWҥL9LrQYjRQJj\WKiQJQăP
&{QJѭӟFFyKLӋXOӵFYjRQJj\WKiQJQăP&{QJѭӟFQj\
SKrFKXҭQEӣLTXӕFJLDQKѭQJQKӳQJQѭӟFNK{QJSKrFKXҭQYү
WUӣWKjQKPӝWWKjQKYLrQGR&{QJѭӟFYӅ*LDRWK{QJĈѭӡQJEӝ
QJKӏQj\FzQÿѭDUD&{QJѭӟFYӅ7tQKLӋXYj7tQKLӋXĈѭӡQJEӝ
&{QJѭӟFQj\WKD\WKӃFiFF{QJѭӟFJLDRWK{QJÿѭӡQJEӝWUѭӟFÿy
Oj&{QJѭӟF*HQHYDYӅ*LDRWK{QJĈѭӡQJEӝQăPWKHRĈL
7rQJӑL&RQYHQWLRQRQ5RDG7UDIILF9LHQQD1RYHPEHU
%ҧQJӕF
KWWSVWUHDWLHVXQRUJSDJHV9LHZ'HWDLOV,,,DVS["VUF 75($7<PW
%FKDSWHU 
&{QJѭӟFJӗPFKѭѫQJÿLӅXSKөOөF
&KѭѫQJ±&iFTX\ÿӏQKFKXQJ
&KѭѫQJ±4X\WҳFÿѭӡQJEӝ
&KѭѫQJ±ĈLӅXNLӋQWKӯDQKұQSKѭѫQJWLӋQFѫJLӟLYjUѫPRRFWKD
WK{QJTXӕFWӃ
&KѭѫQJ±1JѭӡLÿLӅXNKLӇQSKѭѫQJWLӋQFѫJLӟL
&KѭѫQJ±ĈLӅXNLӋQWKӯDQKұQ[HÿҥSYj[HPRSHGWURQJJLDRWK{
&KѭѫQJ±4X\ÿӏQKFXӕLFQJ
7yPWҳWQӝLGXQJF{QJѭӟF
&KѭѫQJ4X\ÿӏQKFKXQJÿLӅX±
&KѭѫQJQj\FyÿLӅXWұSWUXQJYjRÿӏQKQJKƭDFiFWKXұWQJӳTX\ÿӏQKQ
FiFQѭӟFNêNӃWWKDPJLDFiFQѭӟFWKjQKYLrQ
4X\ÿӏQKFKXQJYӅELӇQEiRYjWtQKLӋXJLDRWK{QJ
&KѭѫQJ4X\WҳFÿѭӡQJEӝÿLӅX±
Ĉk\OjFKѭѫQJTXDQWUӑQJQKҩWFӫDF{QJѭӟF
&iFTXӕFJLDWKjQKYLrQSKҧLÿҧPEҧROXұWOӋÿѭӡQJEӝFӫDTXӕFJLDPuQ
QKӳQJTX\ÿӏQKWURQJ&KѭѫQJ,,FӫD&{QJѭӟF
&KѭѫQJQj\TX\ÿӏQKFiFQJX\rQWҳFNKLWKDPJLDYjRJLDRWK{QJÿѭӡQJEӝF
FiFSKѭѫQJWLӋQYjFKӫWKӇ
&KѭѫQJĈLӅXNLӋQWKӯDQKұQSKѭѫQJWLӋQFѫJLӟLYj5ѫPRRFWKD
WK{QJTXӕFWӃÿLӅX±
&KѭѫQJ1JѭӡLÿLӅXNKLӇQSKѭѫQJWLӋQFѫJLӟLÿLӅX±
&KѭѫQJĈLӅXNLӋQÿӇWKӯDQKұQ[HÿҥSYj[HPRSHGWKDPJLDYjR
TXӕFWӃÿLӅX
&KѭѫQJĈLӅXNLӋQFXӕLFQJÿLӅX±
6ӵWKDPJLDFӫD9LӋW1DPYjRF{QJѭ
1JKӏTX\ӃWVӕ14&3QJj\YӅYLӋFJLDQKұSF{QJ
7K{QJEiRVӕ7%/347FӫD%ӝ1JRҥLJLDRQJj\WKiQJ
YӅJLDQKұSF{QJѭӟF
7KHRWK{QJEiRQrXWUrQNӇWӯQJj\9LӋW1DPÿmF
WKjQKYLrQFӫD&{QJѭӟF9LHQYӅ*LDRWK{QJÿѭӡQJEӝ
9LӋW1DPEҧROѭXÿLӅX
éQJKƭDFӫDVӵWKDPJLD
9LӋW1DPOjWKjQKYLrQFӫD&{QJѭӟF9LrQGRÿy*Lҩ\SKpSOiL[HTXӕ
9LӋW1DPFҩSVӁÿѭӧFVӱGөQJWҥLTXӕFJLDWKDPJLD&{QJѭӟF9
QJѭӧFOҥL
7KHR\rXFҫXFӫD&{QJѭӟFFiFQѭӟFSKҧLVӱDÿəLOXұWÿӇSKKӧS
QӝLGXQJFӫD&{QJѭӟF
éQJKƭDFӫD&{QJѭӟFYjVӵWKDPJLD
0RQJPXӕQWҥRWKXұQOӧLFKRJLDRWK{QJÿѭӡQJEӝTXӕFWӃYjW
WRjQJLDRWK{QJÿѭӡQJEӝWK{QJTXDFiFTX\WҳFJLDRWK{QJÿѭӡQ
4XӕFJLDWKjQKYLrQSKҧLFyEҧRÿҧPOXұWSKKӧSYӟLF{QJѭӟF
4XӕFJLDWKjQKYLrQSKҧLWKӯDQKұQSKѭѫQJWLӋQFӫDFiFQѭӟFW
WKDPJLDJLDRWK{QJTXӕFWӃWUrQOmQKWKəFӫDQѭӟFPuQK
3KѭѫQJWLӋQ³WKDPJLDJLDRWK{QJTXӕFWӃ´WUrQOmQKWKəFӫD
QJKƭDOjSKѭѫQJWLӋQLWKXӝFTX\ӅQVӣKӳXFӫDPӝWFiQKkQ
QKkQWKѭӡQJWU~ErQQJRjLTXӕFJLDÿyLLFKѭDÿăQJNêWҥLT
LLLÿѭӧFWҥPQKұSYjRTXӕFJLDÿyFyTX\ӅQWӯFKӕLQӃXSKѭ
WKDPJLDTXiQăPWUrQOmQKWKəFӫDQѭӟFPuQK
4XӕFJLDWKjQKYLrQF{QJQKұQQJѭӡLÿLӅXNKLӇQSKѭѫQJWLӋQW
WK{QJTXӕFWӃNKLKӑÿѭӧFPӝWQѭӟFWKjQKYLrQNKiFFҩSEҵQJT
WKjQKYLrQFӫDF{QJѭӟF
*Lҩ\SKpSOiL[HTXӕFWӃFyÿѭӧFVӱGөQJӣ9LӋW1
&ұSQKұWO~F7Kӭ+DL*07
͵ Ϳ ÿ ͱ ÿ͵ ͷ Ϳ Ĉ
Ή ͻ ÿ ͵ Ϳ ÿ ͱ
Ĉ ͱ ÿ
ÿͻ ÿ ͷ
Ĉӛ1JӑF'X\ ͽ
7KHR3KzQJ4XҧQOêQJѭӡLOiL6ӣ*797QăP9LӋW1DPÿmJLDQKұS&{QJѭӟF
*LDRWK{QJÿѭӡQJEӝQăPFyKLӋXOӵFÿӕLYӟL9LӋW1DPWӯQJj\
ĈLӅXF{QJѭӟFQj\TX\ÿӏQKFiFTXӕFJLDNêNӃWSKҧLF{QJQKұQJLҩ\SKpSOiL[H
ÿѭӧFOiL[HKӧSOӋWUrQOmQKWKəFӫDPuQKPLӉQOjJLҩ\SKpSÿyYүQFzQKLӋXOӵF
TXӕFJLDNêNӃWĈӭFFNJQJOjWKjQKYLrQYjWKDPJLDNêNӃWF{QJѭӟFWӯQJj\WK{Q
7ҥL.KRҧQĈLӅX7K{QJWѭ77%*797FӫD%ӝ*797TX\ÿӏQKYӅÿjRW
FҩSSKpSOiL[HFѫJLӟLÿѭӡQJEӝFyTX\ÿӏQKQJѭӡLQѭӟFQJRjLKRһFQJѭӡL9LӋW1DPF
QJRjLFyQKXFҫXOiL[Hӣ9LӋW1DPWKӵFKLӋQQKѭVDXQӃXFyJLҩ\SKpSOiL[HFӫD
OjPWKӫWөFÿəLVDQJJLҩ\SKpSOiL[HWѭѫQJӭQJFӫD9LӋW1DPWUѭӡQJKӧSÿLӅXѭӟF
SKpSOiL[HPj9LӋW1DPOjWKjQKYLrQFyTX\ÿӏQKNKiFWKuiSGөQJTX\ÿӏQKFӫDÿLӅX
'RFҧ9LӋW1DPYjĈӭFÿӅXOjW ÿѭӡQJEӝQrQKjQKYLrQ&{QJѭӟFYӅ*LDRWK{QJ
QJѭӡLOiL[HÿyÿѭӧFFѫTXDQFyWKҭPTX\ӅQQѭӟFĈӭFFҩSJLҩ\SKpSOiL[HTXӕFWӃWK
GөQJWUrQOmQKWKə9LӋW1DP
&{QJѭӟFYӅELӇQEiRYjWtQKLӋXÿѭӡ
7rQFӫDF{QJѭӟF&RQYHQWLRQRQ5RDG6LJQVDQG6LJQDOVNêQJ
±KLӋQFyTXӕFJLDOjWKjQKYLrQ
9LӋW1DPÿDQJOjWKjQKYLrQFӫDF{QJѭӟFQj\WӯQJj\
Ĉk\OjKLӋSѭӟFÿDSKѭѫQJÿѭӧFWKLӃWNӃÿӇWăQJFѭӡQJDQWRjQ
ÿѭӡQJEӝYjKӛWUӧJLDRWK{QJÿѭӡQJEӝTXӕFWӃEҵQJFiFKWLrX
KӋWKӕQJNêKLӋXFKRJLDRWK{QJÿѭӡQJEӝELӇQEiRÿqQJLDR
NҿÿѭӡQJVӱGөQJWURQJJLDRWK{QJTXӕFWӃ
&{QJѭӟFQj\\rXFҫXFiFWKjQKYLrQSKҧLEҧRÿҧPELӇQEiRYjWtQ
ÿѭӡQJEӝSKKӧSYӟLTX\ÿӏQKFӫDF{QJѭӟF
6DXNKLJLDQKұSF{QJѭӟFQăP91ÿm[k\GӵQJTX\FKXҭQTX
EiRKLӋXÿѭӡQJEӝ1DWLRQDO7HFKQLFDO5HJXODWLRQRQ7UDIILF6L
6LJQDOVVӕ4&91%*797
&{QJѭӟFFyFKѭѫQJÿLӅXYjSKөOө
&KѭѫQJ,&iFTX\ÿӏQKFKXQJĈLӅXÿӃQĈLӅX
&KѭѫQJ,,%LӇQEiRÿѭӡQJEӝĈLӅXÿӃQĈLӅX
&KѭѫQJ,,,7tQKLӋXÿqQJLDRWK{QJĈLӅXÿӃQĈLӅX
&KѭѫQJ,99ҥFKNҿÿѭӡQJĈLӅXÿӃQĈLӅX
&KѭѫQJ9&iFYҩQÿӅNKiFĈLӅXÿӃQ
&KѭѫQJ9,&iFÿLӅXNKRҧQFXӕLFQJĈLӅXÿӃQ
3KөOөF%LӇQEiRKLӋXÿѭӡQJEӝ
3KөOөF9ҥFKNҿÿѭӡQJYjFiFVѫÿӗ
3KөOөF6DRFKpS0jXVҳFFӫDFiF'ҩXKLӋX%LӇXWѭӧQJYj%ҧ
FұSWURQJ3KөOөF
&iFF{QJѭӟFYӅWKӫWөFKҧLTXDQWURQJY
EӝTXӕFWӃ
&iFF{QJѭӟFÿDSKѭѫQJYӅKҧLTXDQWURQJYұQWҧLÿѭӡQJEӝGR
TXҧQOêJӗPFyF{QJѭӟF
9LӋW1DPÿDQJWURQJTXiWUuQKQJKLrQFӭXÿӇJLDQKұSFiFF{QJѭ
&{QJѭӟF+ҧLTXDQYӅWҥPQKұSSKѭѫQJWLӋQYұQWҧLWKѭѫQJPҥL
&{QJѭӟF+ҧLTXDQYӅ&RQWDLQHU*HQHYD
&{QJѭӟF+ҧLTXDQYӅYұQFKX\ӇQKjQJKyDTXӕFWӃEҵQJÿѭӡQJEӝ
7,5*HQHYD
&{QJѭӟFTXӕFWӃYӅKjLKzDFiFWKӫWөFWҥLELrQJLӟLÿӕLYӟLYұQ
EҵQJÿѭӡQJEӝ*HQHYD
4XiWUuQKWKDPJLDFӫD9LӋW1DP
9LӋW1DPÿѭӧFJӧLêWKDPJLDFiFF{QJѭӟFQj\WҥL+ӝLQJKӏ%ӝWUѭӣQJ*797G
KӧSWiFYӅ.LQKWӃYj;mKӝLNKXYӵFFKkXÈ±7KiL%uQK'ѭѫQJFӫD/LrQKӧS
(6&$3WəFKӭFWҥL%ăQJ&ӕF7KiL/DQWURQJKDLQJj\Yj
7ҥL+ӝLQJKӏ91QKҩQPҥQKWӟLFiFѭXWLrQWURQJFKtQKViFKSKiW WULӇQ*797QKѭVDX
;k\GӵQJNӃWFҩXWҫQJJLDRWK{QJQKҵPNӃW QӕLYӟLPҥQJĈѭӡQJFKkXÈYjÿѭӡQJ W
[X\rQÈÿӗQJWKӡLFNJQJѭXWLrQSKiWWULӇQJLDRWK{QJӣYQJVkX YQJ[DYQJÿӗQJEjRGkQWӝF
WKLӇXVӕ
%rQFҥQKYLӋFQkQJFҩS[k\GӵQJFѫVӣKҥWҫQJ9LӋW1DPFNJQJFK~WUӑQJNêNӃWYjWKӵFWKLFiF
+LӋSÿӏQKYӅWҥRWKXұQOӧLFKRYұQWҧLQJѭӡLYjKjQJKyDTXDOҥLELrQJLӟLYӟLFiFQѭӟFOiQJJLӅQJ
YjNKXYӵFQKҵPWK~Fÿҭ\KӧSWiFNLQKWӃ WKѭѫQJPҥLÿҫXYjGXOӏFKJLӳDQѭӟF WD YӟL FiF
QѭӟF
9ӅSKiWWULӇQORJLVWLFV9LӋW1DP FNJQJ ÿmWK{QJTXD 4X\KRҥFKSKiW WULӇQKӋWKӕQJFiFFҧQJFҥQW
%ҳFWӟL1DPWURQJSKiWWULӇQKҥWҫQJJLDRWK{QJFK~QJWDFK~ê [k\GӵQJFiFNӃWQӕLÿѭӡQJEӝ
ÿѭӡQJVҳWWӟLFiFFҧQJELӇQVkQED\FiFWUXQJWkPSKkQSKӕLKjQJKyDWҥRÿLӅXNLӋQSKiWWULӇQ
YұQWҧLÿDSKѭѫQJWKӭFYjORJLVWLFV
3KiWWULӇQ*797EӅQYӳQJKLӋQQD\WDÿDQJWULӇQNKDLYұQWҧLEҵQJÿѭӡQJVҳWYjÿѭӡQJWKӫ\ÿӇ
JLҧPWҧLFKRKӋWKӕQJÿѭӡQJEӝFNJQJQKѭOjJLҧPWKLӇXOѭӧQJSKiWWKҧLNKt&2
YjEѭӟFÿҫXӭQJ
GөQJQKLrQOLӋXVLQKKӑFWURQJYұQWҧL
&{QJѭӟF+ҧLTXDQYӅWҥPQKұSSKѭѫQJW
WKѭѫQJPҥL
7rQFӫDF{QJѭӟF&XVWRPV&RQYHQWLRQRQWKH7HPSRUDU\,PSRUW
&RPPHUFLDO5RDG9HKLFOHV
.êNӃWWҥL1HZ<RUNQJj\WKiQJQăP
+LӋQWҥLF{QJѭӟFFyWKjQKYLrQ
&{QJѭӟFFyÿLӅXNKRҧQ
7ҥPQKұSFyQJKƭDOjNK{QJ[HPÿyOjKjQKYLQKұSNKҭXJLӕQJQK
WKѭӡQJ
0өFÿtFK&iFQѭӟFWKDPJLDFDPNӃWWҥRWKXұQOӧLFKRFiFORҥ
YұQWҧLÿѭӡQJEӝWKѭѫQJPҥLFӫDFiFQѭӟFWKjQKYLrQNKiFÿѭӧF
WҥPWKӡLWURQJOmQKWKəQѭӟFPuQKPjNK{QJWKXWKXӃQKұSN
ÿy
+LӋQWҥLF{QJѭӟFQj\FyWKjQKYLrQJӗPTXӕFJLDWKjQK
YjWRjQEӝ/LrQPLQK&KkXÆX±(8±TXӕFJLD
&{QJѭӟF+ҧLTXDQYӅ&RQWDLQHU*HQHY
7rQFӫDF{QJѭӟF&XVWRPV&RQYHQWLRQRQ&RQWDLQHUV
.êWҥL*HQHYDQJj\WKiQJQăP
+LӋQWҥLF{QJѭӟFQj\FyWKjQKYLrQ
&{QJѭӟFJӗPFKѭѫQJÿLӅXNKRҧQYjSKөOөF
0өFÿtFKFӫDF{QJѭӟFOjWҥRWKXұQOӧLFKRYұQFKX\ӇQTXӕFWӃ
FRQWDLQHU
&{QJѭӟFFKRSKpSFiFFRQWDLQHUYұQFKX\ӇQÿѭӧFÿѭDWӯPӝWTXӕ
FKXҭQVDQJPӝWTXӕFJLDSKrFKXҭQYjÿѭӧFPLӉQWKXӃWURQJWK
WKiQJ
&{QJѭӟF+ҧLTXDQYӅYұQFKX\ӇQKjQJKyD
EҵQJÿѭӡQJEӝ&{QJѭӟF7,5
7rQF{QJѭӟF&XVWRPV&RQYHQWLRQRQWKH,QWHUQDWLRQDO7UDQVSRUW
&RYHURI7,5&DUQHWV7,5&RQYHQWLRQ
7,57UDQVSRUWV,QWHUQDWLRQDX[5RXWLHUVWLӃQJ3KiS9ұQWҧLÿѭӡ
.êNӃWWҥL*HQHYDQJj\WKiQJQăP
+LӋQWҥLF{QJѭӟFFyTXӕFJLDWKjQKYLrQ
&{QJѭӟFFyFKѭѫQJÿLӅXNKRҧQYjSKөOөF
&iFErQWKDPJLDF{QJѭӟFFyPRQJPXӕQWҥRWKXұQOӧLFKRYLӋFYұQ
KyDTXӕFWӃEҵQJSKѭѫQJWLӋQÿѭӡQJEӝ
9LӋFFҧLWKLӋQFiFÿLӅXNLӋQJLDRWK{QJYұQWҧLOjPӝWWURQJQKӳQ
FKRVӵSKiWWULӇQKӧSWiFJLӳDFiFErQ
0өFÿtFKFӫDF{QJѭӟFӫQJKӝYLӋFÿѫQJLҧQKyDYjKjLKzDKyDFiFWKӫ
FKtQKWURQJOƭQKYӵFYұQWҧLTXӕFWӃÿһFELӋWOjWҥLFiFELrQJLӟL
7KjQKYLrQFӫDF{QJѭӟF7,5
&{QJѭӟFTXӕFWӃYӅKjLKzDFiFWKӫWөF
ÿӕLYӟLYұQWҧLKjQJKyDEҵQJÿѭӡQJEӝ
7rQFӫDF{QJѭӟF,QWHUQDWLRQDO&RQYHQWLRQRQWKH+DUPRQL]DW
&RQWUROVRI*RRGV
.êNӃWWҥL*HQHYDQJj\WKiQJQăP
+LӋQWҥLFyWKjQKYLrQ
&{QJѭӟFFyFKѭѫQJÿLӅXNKRҧQYjSKөOөF
0өFÿtFKFӫDF{QJѭӟFOjFҧLWKLӋQOѭXWK{QJKjQJKyDTXӕFWӃ
FKRYLӋFYұQFKX\ӇQKjQJKyDTXDELrQJLӟLWҥRÿLӅXNLӋQÿӇW
ELӋQSKiSNLӇPVRiWPӝWFiFKKjLKzDUӝQJUmLPjNK{QJҧQKKѭ
ÿtFKYjYLӋFWKӵFKLӋQFiFWKӫWөFKҧLTXDQFӫDWӯQJTXӕFJLD
&KѭѫQJ
/XұW*LDRWK{QJĈѭӡQJEӝYj/XұWĈѭӡQJVҳW
6ӕ
WLӃW
1ӝLGXQJ0өF
/XɪW*LDRWK{QJĈɉQJE

/XɪWĈɉQJVɬW

7əQJ

/XұW*LDRWK{QJĈѭӡQJ
/XұW*LDRWK{QJĈѭӡQJEӝVӕ4+NêQJj\WKiQJQăP
/XұWÿѭӧFVӱDÿəLEəVXQJYjRFiFQăPEӣL/XұW3KzQJF
FӫDUѭӧXELDYj/XұW6ӱDÿəLEəVXQJÿLӅXFӫDOLrQTXDQ
QăP
+LӋQWҥL/XұW*LDRWK{QJĈѭӡQJEӝFyKLӋXOӵFWҥL9LӋW1jPOj9ăQE
6ӕ9%+1934+QJj\WKiQJQăP
/XұWQj\KLӋQFyFKѭѫQJYjÿLӅXNKRҧQ
&KѭѫQJ1KӳQJTX\ÿӏQKFKXQJ
&KѭѫQJ4X\WҳFJLDRWK{QJÿѭӡQJEӝ
&KѭѫQJ.ӃWFҩXKҥWҫQJJLDRWK{QJÿѭӡQJEӝ
&KѭѫQJ3KѭѫQJWLӋQWKDPJLDRJLDRWK{QJÿѭӡQJEӝ
&KѭѫQJ1JѭӡLÿLӅXNKLӇQSKѭѫQJWLӋQJLDRWK{QJÿѭӡQJEӝ
&KѭѫQJ9ұQWҧLÿѭӡQJ
&KѭѫQJ4XҧQOê1KjQѭӟFYӅJLDRWK{QJÿѭӡQJEӝ
&KѭѫQJĈLӅXNKRҧQWKLKjQK
&iFYăQEҧQTX\SKҥPSKiSOXұWFyOLrQTXDQ
1JKӏÿӏQK
1JKӏÿӏQK1Ĉ&3VӱDÿəLFiF1JKӏÿӏQKTX\ÿӏQKOLrQTXDQ
ÿӝQJNLQKGRDQKWURQJOƭQKYӵFÿѭӡQJEӝ
1JKӏÿӏQK1Ĉ&3VӱDÿəL1JKӏÿӏQK1Ĉ&3TX\ÿӏQ
GRDQKYjÿLӅXNLӋQNLQKGRDQKYұQWҧLEҵQJ[H{W{
1JKӏÿӏQK1Ĉ&3VӱDÿəLFiF1JKӏÿӏQKTX\ÿӏQK[ӱSKҥWY
KjQKFKtQKWURQJOƭQKYӵFKjQJKҧLJLDRWK{QJÿѭӡQJEӝÿѭӡQJ
NK{QJGkQGөQJ
1JKӏÿӏQK1Ĉ&3VӱDÿəL1JKӏÿӏQK1Ĉ&3TX\ÿ
TXҧQOêYjEҧRYӋNӃWFҩXKҥWҫQJJLDRWK{QJÿѭӡQJEӝ
1JKӏÿӏQK1Ĉ&3TX\ÿӏQKYӅNLQKGRDQKYjÿLӅXNLӋQN
WҧLEҵQJ[H{W{
1JKӏÿӏQK1Ĉ&3VӱDÿəL1JKӏÿӏQKYӅYұQWҧLÿDSKѭѫ
1JKӏÿӏQKWW
1JKӏÿӏQK1Ĉ&3VӱDÿəL1JKӏÿӏQK1Ĉ&3VӱDÿ
ÿӏQK1Ĉ&3TX\ÿӏQKYӅTXҧQOêYjEҧRYӋNӃWFҩXKҥ
ÿѭӡQJEӝ
1JKӏÿӏQK1Ĉ&3VӱDÿəL1JKӏÿӏQK1Ĉ&3TX\ÿӏQ
OêYjEҧRYӋNӃWFҩXKҥWҫQJJLDRWK{QJÿѭӡQJEӝ
1JKӏÿӏQK1Ĉ&3YӅTXҧQOêNKDLWKiFYjEҧRWUuF{
FDRWӕF
1JKӏÿӏQK1Ĉ&3VӱDÿəL1JKӏÿӏQK1Ĉ&3TX\ÿ
TXҧQOêYjEҧRYӋNӃWFҩXKҥWҫQJJLDRWK{QJÿѭӡQJEӝ
1JKӏÿӏQK1Ĉ&3TX\ÿӏQKYӅTXҧQOêYjEҧRYӋNӃWFҩX
WK{QJÿѭӡQJEӝ
1JKӏÿӏQK1Ĉ&3YӅWtQKLӋXFӫD[HÿѭӧFTX\ӅQѭXWL
1JKӏÿӏQK1Ĉ&3YӅYұQWҧLÿDSKѭѫQJWKӭF
&iFYăQEҧQTX\SKҥPSKiSOXұWFyOLrQTXDQW
7K{QJWѭ
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797TX\ÿӏQKY
TXҧQOêKRҥWÿӝQJYұQWҧLEҵQJ[H{W{YjGӏFKYөKӛWUӧYұQWҧLÿѭӡQ
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭWURQJOƭQKYӵFÿăQJNLӇP
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797TX\ÿӏQKY
ViWKҥFKFҩSJLҩ\SKpSOiL[HFѫJLӟLÿѭӡQJEӝ
7K{QJWѭ77%&$QJj\WKiQJQăP
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797TX\ÿӏQKY
YұQKjQKNKDLWKiFYjEҧRWUuF{QJWUuQKÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅKRҥWÿӝQJWUҥPWKXSKtÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅTXҧQOêKRҥWÿӝQJFӫD7UҥPNLӇP
[HWUrQÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅNLӇPÿӏQKDQWRjQNӻWKXұWYjE
WUѭӡQJSKѭѫQJWLӋQJLDRWK{QJFѫJLӟLÿѭӡQJEӝ
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797TX\ÿӏQKY
TXҧQOêKRҥWÿӝQJYұQWҧLEҵQJ[H{W{YjGӏFKYөKӛWUӧYұQWҧLÿѭӡQ
7K{QJWѭWW
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797
YӅFҩSVӱGөQJJLҩ\SKpSOiL[HTXӕFWӃYj7K{QJWѭ7
ÿӏQKYӅÿjRWҥRViWKҥFKFҩSJLҩ\SKpSOiL[HFѫJLӟLÿѭӡQJEӝ
7K{QJWѭ77%&$TX\ÿӏQKYӅTX\WUuQKFҩSWKXKӗL
SKѭѫQJWLӋQJLDRWK{QJFѫJLӟLÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅWəFKӭFTXҧQOêKRҥW
EҵQJ[H{W{YjGӏFKYөKӛWUӧYұQWҧLÿѭӡQJEӝ
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797
YӅÿjRWҥRViWKҥFKFҩSJLҩ\SKpSOiL[HFѫJLӟLÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅWӕFÿӝYjNKRҧQJFiFKD
[HFѫJLӟL[HPi\FKX\rQGQJWKDPJLDJLDRWK{QJÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅÿăQJNê[HPi\FKX\rQGQJ
7K{QJWѭ77%*797VӱDÿəLEəVXQJPӝWVӕÿLӅXFӫDF
WURQJOƭQKYӵFÿăQJNLӇP
7K{QJWѭWW
7K{QJWѭ77%*797TX\ÿӏQKYӅTXҧQOêYұQKjQKNKDLWKiFYjEҧR
ÿѭӡQJEӝGR%ӝWUѭӣQJ%ӝ*LDRWK{QJYұQWҧLEDQKjQK
7K{QJWѭ77%*797TX\ÿӏQKYӅÿjRWҥRViWKҥFKFҩSJLҩ\SKpSOiL
ÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKWҧLWUӑQJNKəJLӟLKҥQÿѭӡQJEӝOѭ
WUӑQJ[HTXiNKəJLӟLKҥQ[HEiQK[tFKWUrQÿѭӡQJEӝYұQFKX\ӇQKjQJVLr
WUӑQJJLӟLKҥQ[ӃSKjQJKyDWUrQSKѭѫQJWLӋQNKLWKDPJLDJLDRWK{QJÿѭ
7K{QJWѭOLrQWӏFK77/7%<7%*797TX\ÿӏQKYӅWLrXFKXҭQVӭFNKӓH
[HYLӋFNKiPVӭFNKӓHÿӏQKNǤÿӕLYӟLQJѭӡLOiL[H{W{YjTX\ÿӏQKYӅFѫ
NKӓHFKRQJѭӡLOiL[H
7K{QJWѭ77%*797TX\ÿӏQKYӅWəFKӭFJLDRWK{QJYjÿһWELӇQEiR
WUӑQJOѭӧQJ[HTXDFҫXÿѭӡQJEӝ
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797TX\ÿӏQKYLӋ
FKҩWOѭӧQJDQWRjQNӻWKXұWYjEҧRYӋP{LWUѭӡQJWURQJVҧQ[XҩWOҳSU
dŚƀŶŐƚӇϱϱϮϬϭϰddͲ'dsdƐӊĂĜҼŝdŚƀŶŐƚӇϯϭϮϬϭϭddͲ'dsdǀҲŬŝҳŵƚƌĂĐŚҤ
ƚŽăŶŬӎƚŚƵҨƚǀăďңŽǀҵŵƀŝƚƌӇӁŶŐdžĞĐҿŐŝӀŝŶŚҨƉŬŚҦƵ
7K{QJWѭWW
7K{QJWѭ77%*797VӱDÿəL7K{QJWѭ77%*797KѭӟQJGүQY
[HWK{Vѫ[HJҳQPi\[HP{W{KDLEDEiQKYj[HWѭѫQJWӵÿӇYұQFKX\ӇQ
KjQJKyD
7K{QJWѭOLrQWӏFK77/7%<7%&$YӅ[pWQJKLӋPQӗQJÿӝFӗQWURQJ
ÿLӅXNKLӇQSKѭѫQJWLӋQJLDRWK{QJFѫJLӟLÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅ[ӃSKjQJKyDWUrQ[H{W{NKLWKDP
WUrQÿѭӡQJEӝ
7K{QJWѭ77%*797TX\ÿӏQKYӅNLӇPWUDFKҩWOѭӧQJDQWRjQNӻW
WUѭӡQJ[HFѫJLӟLQKұSNKҭX
7K{QJWѭ77%*797TX\ÿӏQKYӅNLӇPWUDFKҩWOѭӧQJDQWRjQNӻW
WUѭӡQJWURQJVҧQ[XҩWOҳSUiS[HFѫJLӟL
7K{QJWѭOLrQWӏFK77/7%&$%*797TX\ÿӏQKYӅSKӕLKӧSFXQJFҩSVӕ
NêÿăQJNLӇPSKѭѫQJWLӋQJLDRWK{QJFѫJLӟLÿѭӡQJEӝGӳOLӋXYӅWDLQҥ
FҩSÿəLWKXKӗLWѭӟFTX\ӅQVӱGөQJJLҩ\SKpSOiL[HFKӭQJFKӍEӗLGѭӥQ
OXұWYӅJLDRWK{QJÿѭӡQJEӝ
7K{QJWѭ77%*797KѭӟQJGүQVӱGөQJ[HWK{Vѫ[HJҳQPi\[HP{
[HP{W{EDEiQKYjFiFORҥL[HWѭѫQJWӵÿӇYұQFKX\ӇQKjQKNKiFKKjQJKy
/XұWĈѭӡQJVҳW
/XұWĈѭӡQJVҳWVӕ4+QJj\KLӋXOӵFWKLKj

/XұWFyFKѭѫQJYjÿLӅXNKRҧQ
&KѭѫQJ1KӳQJTX\ÿӏQKFKXQJ
&KѭѫQJ.ӃWFҫXKҥWҫQJÿѭӡQJVҳW
&KѭѫQJ3KiWWULӇQF{QJQJKLӋSÿѭӡQJVҳWSKѭѫQJWLӋQJLDRWK{QJÿѭ
&KѭѫQJ1KkQYLrQÿѭӡQJVҳWWUӵFWLӃSSKөFYөFKҥ\WjX
&KѭѫQJ7tQKLӋXTX\WҳFJLDRWK{QJYjEҧRÿҧPWUұWWӵDQWRjQ*
&KѭѫQJ.LQKGRDQKÿѭӡQJVҳW
&KѭѫQJĈѭӡQJVҳWÿ{WKӏ
&KѭѫQJĈѭӡQJVҳWWӕFÿӝFDR
&KѭѫQJ4XҧQOê1KjQѭӟFYӅKRҥWÿӝQJÿѭӡQJVҳW
&KѭѫQJĈLӅXNKRҧQWKLKjQK
ĈѭӡQJVҳWWӕFÿӝFDR
7KHREiRFiRQJKLrQFӭXWLӅQNKҧWKLÿѭӧF%ӝ*LDR
WK{QJ9ұQWҧLWUuQK&KtQKSKӫGӵiQÿѭӡQJVҳWWӕFÿӝ
FDR%ҳF1DPÿLTXDWӍQKWKjQKWӯ+j1ӝLÿӃQ73
+&07URQJÿyÿLӇPÿҫXWҥLJD1JӑF+ӗL+j1ӝLÿLӇP
FXӕLWҥLJD7Kӫ7KLrP73+&0Ĉk\OjWX\ӃQÿѭӡQJVҳW
WӕFÿӝFDRÿѭӡQJÿ{LNKəPPÿLӋQNKtKyDGjL
NPWӕFÿӝNKDLWKiFWӕLÿDNPKĈRjQWjXVӱ
GөQJF{QJQJKӋÿӝQJOӵFSKkQWiQ
7əQJPӭFÿҫXWѭGӵNLӃQWRjQEӝGӵiQWӹ86'
EDRJӗP&KLSKtJLҧLSKyQJPһWEҵQJWӹ86'[k\
GӵQJWӹ86'WKLӃWEӏWӹ86'TXҧQOêGӵiQWѭ
YҩQWӹ86'GӵSKzQJWӹ86'
ĈӇEҧRÿҧPKLӋXTXҧYjSKKӧSYӟLNKҧQăQJFkQÿӕL
QJXӗQOӵFQKXFҫXYұQWҧLGӵiQFyWKӇSKkQNǤÿҫXWѭ
WKHRKDLJLDLÿRҥQ*LDLÿRҥQÿҫXWѭÿRҥQ+j1ӝL
9LQKYjÿRҥQ1KD7UDQJ73+&0GjLNPWəQJ
PӭFÿҫXWѭGӵNLӃQWӹ86'/ӝWUuQKWKӵFKLӋQWKӫ
WөFÿҫXWѭJLDLÿRҥQWKLF{QJJLDLÿRҥQ
ÿѭDYjRNKDLWKiFNKRҧQJQăP
&KѭѫQJ
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLKjQJKRiEҵQJ
ÿѭӡQJKjQJNK{QJ
6ӕ
WLӃW
1ӝLGXQJ0өF
.KiLTXiWYӅYұQWҧLKjQJKRiTXӕFWӃEҵQJÿѭӡQJNK{QJ
YjFiFÿLӅXѭӟFTXӕFWӃ

+ӋWKӕQJF{QJѭӟF9DFVDYD
0RQWUHDOYj1JKӏÿӏQKWKѭ0RQWUHDO
&{QJѭӟF&KLFDJR
7әQJ
 .KiLTXiWYӅYұQWҧLKjQJKRiTXӕFWӃEҵQJÿѭӡQJ
NK{QJYjFiFÿLӅXѭӟFTXӕFWӃ
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJ
9ұQWҧLÿѭӡQJKjQJNK{QJOjSKѭѫQJWKӭFPjKjQJÿѭӧFFKX\ӇQEҵQJPi\
ED\FKӣKjQJFKX\rQGөQJWLӃQJ$QKOj&DUJR$LUFUDIWKD\)UHLJKWHUKRһF
FKӣWURQJSKҫQEөQJFӫDPi\ED\KjQKNKiFK3DVVHQJHU3ODQH
7ӹWUӑQJYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJKjQJNK{QJUҩWQKӓ7URQJQѭӟF
NKRҧQJTXӕFWӃNKRҧQJ
0һFGKjQJKyDYұQFKX\ӇQÿѭӡQJKjQJNK{QJFKLӃPWӍWUӑQJQKӓWәQJ
WUӑQJOѭӧQJKjQJYұQFKX\ӇQTXӕFWӃ7X\QKLrQYұQWҧLÿѭӡQJKjQJNK{QJ
OҥLFKLӃPWӟLNKRҧQJYӅPһWJLiWUӏ
7KHRKmQJFKӃWҥRPi\ED\%RHLQJWURQJQăPPi\ED\FKӣKjQJ
FKX\rQGөQJÿmYұQFKX\ӇQNKRҧQJFiFO{KjQJDLUWUrQWRjQFҫXWURQJ
NKLPi\ED\KjQKNKiFKÿҧPQKLӋPFzQOҥL
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW
9DLWUzFӫDYұQWҧLKjQJNK{QJ
9ұQFKX\ӇQKjQJKyDEҵQJPi\ED\ FyQKӳQJѭXÿLӇPU}UjQJVRYӟLFiFKuQK
WKӭFYұQWҧLNKiFYuYұ\KuQKWKӭFQj\UҩWWKtFKKӧSÿӇYұQFKX\ӇQQKӳQJKjQJ
KRiFyJLiWUӏFDR YjKRһF ÿzLKӓLWKӡLJLDQJLDRKjQJ QKDQKQKѭ 7KѭWtQEѭX
SKҭPĈӝQJYұWVӕQJ+jQJGӉKѭKӓQJWKӵFSKҭPKRDWѭѫLKjQJѭӟSEҵQJÿi
NK{'ѭӧFSKҭP1KӳQJPһWKjQJJLiWUӏFDRYjQJNLPFѭѫQJ«7KLӃWEӏNӻ
WKXұWF{QJQJKӋFDRSKөWQJPi\ED\WjXELӇQ[HKѫL+jQJWLrXGQJ[D[Ӎ
ÿӗÿLӋQWӱWKӡLWUDQJ
9ұQWҧLKjQJNK{QJFyYӏWUtÿһFELӋWTXDQWUӑQJWURQJJLDROѭXNLQKWӃJLӳDFiF
QѭӟFOjFҫXQӕLJLӳDFiFQӅQYăQKRiFӫDFiFGkQWӝFOjSKѭѫQJWLӋQFKtQK
WURQJGXOӏFKTXӕFWӃ
9ұQWҧLKjQJNK{QJOjPӝWPҳW[tFKTXDQWUӑQJWURQJYLӋFOLrQNӃWFiFSKѭѫQJ
WKӭFYұQWҧLYӟLQKDXWҥRWKjQKYұQWҧLÿDSKѭѫQJWKӭF
/jEӝPһWFӫDPӝWTXӕFJLD FKӍWLrXSKiWWULӇQFӫDQJjQKKjQJNK{QJSKiQiQK
WUuQKÿӝNӻWKXұW YjWLӅPOӵFNLQKWӃFӫDPӝWTXӕFJLD
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭ
/ӏFKVӱSKiWWULӇQFӫDKjQJNK{QJ
5DÿӡLÿҫXWKӃNӹWUѭӟF7KӡLNǤVѫ NKDL
DQKHPQKj:ULJKWÿmFKӃWҥRWKLӃWEӏED\ÿҫXWLrQJӑLOj
:ULJKW)O\HUFKX\ӃQED\ÿҫXWLrQFKӍNpRGjLJLk\ÿӝFDRP
7KLӃWEӏED\Qj\FyKDLOӟSFiQK QJѭӡLOiLVҧLFiQKP
FKLӅXFDR PFKLӅXGjLPWUӑQJOѭӧQJNJWӕFÿӝWӕLÿD
NPKÿӝQJFѫ[ăQJPmOӵF[\ODQK
3KiWWULӇQQKDQKFKyQJQKѭQJFKӫ\ӃXSKөFYөFKR
WKӃFKLӃQWKӭ± Pi\ED\QpPERPÿmUDÿӡL
+ѫQWULӋXFKLӃFÿѭӧFVҧQ[XҩWWURQJWKӡLNǤQj\ӣ
QKLӅXQѭӟFWUrQWKӃJLӟLÿӇSKөFYөFKRTXkQVӵWKӃFKLӃQWKӭ
YjFKRKRҥWÿӝQJWKѭѫQJPҥLKjQKNKiFKKjQJKRi1ăP
OҫQÿҫXWLrQÿmFyGӏFKYөKjQJNK{QJTXӕFWӃWKHROӏFK
± ÿӃQQD\ 6ӵSKiWWULӇQPҥQKPӁFӫDPi\ED\TXkQVӵ
FKLӃQOѭӧFYjPi\ED\WKѭѫQJPҥLWKHRFiFKѭӟQJDQWRjQ
WӕFÿӝFDRVӭFWҧLOӟQÿѭӡQJED\GjL«± QKӳQJPi\ED\OӟQ
QKѭ %RHLQJ $LEXV 
:ULJKW)O\HU
0XURPHWV
=HUR
%RHLQJ&OLSSHU
&iFTXӕFJLDÿӭQJÿҫXWURQJVҧQ[XҩWPi\ED\WURQJWKӃFKLӃQWKӭ
7RWDO&RXQWU\

86

8665

8.

*HUPDQ\

-DSDQ

,WDO\

)UDQFH
%± WUӑQJOѭӧQJÿҫ\
WҧLNKRҧQJWҩQ
± WUӑQJ OѭӧQJ
UӛQJWҩQÿҫ\WҧLWҩQ
± WUӑQJ
OѭӧQJÿҫ\WҧLWҩQ
%RHLQJYj$LEXV$
)
)UHLJKWHU
L
&iFWK{QJVӕNƭWKXұW
3KLF{QJ
NK{QJFy+ҥQJ+jQKNKiFK
 IWLQP&KLӅXGjL
 IWLQP&KLӅXGjLFiQK
 IWLQP&KLӅXFDR
 IWP&KLӅXUӝQJFDELQ
 OE
 NJ
 OE
 NJ
7UӑQJOѭӧQJUӛQJ
 OE NJ7UӑQJOѭӧQJWӕLÿDNKLFҩWFiQK
 IWñPñ IWñPñ6ӭFFKӭDKjQJ
$LUEXV$
$LUEXV+mQJ6;
&KX\ӃQED\ÿҫX
*LӟLWKLӋX
ĈDQJKRҥWÿӝQJ7uQKWUҥQJ
±&KӃWҥR
6ӕOѭӧQJ6;
WULӋX 86'&KLSKt6;
± +jQKNKiFK
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW
ѬXÿLӇP
+jQKWUuQKWӕLѭXED\WKҷQJ
7ӕFÿӝFDR ÿͱ
͵ ͷ ÿͱ ͳ
ͳ
9ұQWҧLÿѭӡQJKjQJNK{QJFNJQJFyWtQKDQWRjQFDRQKҩW
.K{QJEӏFҧQWUӣEӣLEӅPһWÿӏDKuQKQKѭÿѭӡQJEӝKD\ÿѭӡQJWKӫ\'RÿyFyWKӇNӃWQӕL
ÿѭӧFJҫQQKѭWҩWFҧFiFTXӕFJLDWUrQWKӃJLӟL
'ӏFKYөQKDQKFKyQJÿ~QJJLӡQKӡYjRWӕFÿӝED\UҩWQKDQKYjÿһFWtQKKjQJKyD
WKѭӡQJFyJLiWUӏFDRKRһFGӉKѭKӓQJ
*LҧPWKLӇXWәQWKҩWSKiWVLQKGROjPKjQJÿәYӥKD\WUӝPFҳSYһWJk\UD
7KӫWөFFKӭQJWӯÿѫQJLҧQGRED\WKҷQJWKӡLJLDQQJҳQ«
3KtEҧRKLӇPYұQFKX\ӇQWKҩSKѫQGRtWUӫLURKѫQFiFSKѭѫQJWKӭFNKiF
3KtOѭXNKRWKѭӡQJWKҩSGRÿһFWtQKKjQJKyDYjWӕFÿӝ[ӱOêWKӫWөFQKDQKFKyQJ
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW
+ҥQFKӃ
&ѭӟFSKtFDR± WtQKWKHRNJ
.K{QJSKKӧSÿӇFKX\rQFKӣKjQJFӗQJNӅQKKRһFQKӳQJORҥLKjQJFyNKӕL
OѭӧQJOӟQ'XQJWtFKYjNKӕLOѭӧQJKjQJVӁEӏJLӟLKҥQEӣLNtFKWKѭӟFNKRDQJ
KjQJNtFKWKѭӟFFӱDYjWUӑQJWҧLWKӵFFKӣFӫDPi\ED\1ӃXNK{QJWKӇÿѭDNLӋQ
KjQJYjRUDPӝWFiFKDQWRjQWKXұQWLӋQKRһFKjQJYѭӧWTXiWҧLWUӑQJFKRSKpS
FӫDPi\ED\ WKuNK{QJVӱGөQJÿѭӧFSKѭѫQJWKӭFQj\
9ӕQÿҫXWѭ FDR
&KӏXҧQKKѭӣQJQKLӅXEӣLWKӡLWLӃWNӇFҧWURQJQKӳQJÿLӅXNLӋQWKӡLWLӃW[ҩXQKѭ
VѭѫQJPPѭDJL{QJ«FNJQJGӉJk\WUuKRmQKRһFKӫ\FKX\ӃQED\OjPQJѭQJ
WUӋGӏFKYөYұQFKX\ӇQKjQJNK{QJ
5ӫLURYӅKѭKӓQJWDLQҥQPi\ED\
&yJLӟLKҥQQKҩWÿӏQKYӅÿLӇPÿLÿLӇPÿӃQ
ĈһFÿLӇP&yWtQKTXӕFWӃFDRNӻWKXұWQJ{QQJӳFKӭQJWӯWKӫWөF«WtQK
FKtQK[iFFDRWtQKDQQLQKFDR«
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW
&ѭӟFSKtKjQJNK{QJ
+LӋSKӝLYұQWҧLKjQJNK{QJ4XӕFWӃ± ,$7$,QWHUQDWLRQDO$LU7UDQVSRUW
$VVRFLDWLRQÿmFyTX\ÿӏQKYӅTX\WҳFFiFKWKӭFWtQKFѭӟFYjFKRSKiWKjQK
WURQJELӇXFѭӟFKjQJNK{QJ7$&77KH$LU&DUJR7DULII
&{QJWKӭF&ѭӟFKjQJNK{QJ ĈѫQJLiFѭӟF[.KӕLOѭӧQJWtQKFѭӟF
ĈѫQJLiFѭӟFWKD\ÿәLWKHRNKӕLOѭӧQJYұQFKX\ӇQFjQJQKLӅXJLiFѭӟFFjQJ
WKҩS0ӭFFѭӟFWKD\ÿәLWKHRNKӕLOѭӧQJQKѭGѭӟLNJWӯÿӃQGѭӟLNJ
WӯÿӃQGѭӟLNJWӯÿӃQGѭӟLNJWӯÿӃQGѭӟLNJ«
.KӕLOѭӧQJWtQKFѭӟFNKӕLOѭӧQJWKӵFWӃ$FWXDO:HLJKWKRһFNKӕLOѭӧQJ
WKӇWtFK9ROXPH9ROXPHWULF'LPHQVLRQDO:HLJKW± WXǤNKӕLOѭӧQJQjROӟQKѫQ
.KӕLOѭӧQJWKӇWtFK 7KӇWtFKFP
 ͽ 7KQJKjQJQһQJNJNtFK
WKѭӟF[[G[U[FÎ .KӕLOѭӧQJWKӇWtFK [[ NJÎ 7tQK
WKHRNKӕLOѭӧQJWKӵFWӃOjNJ7KQJKjQJFyNtFKWKѭӟFWѭѫQJWӵQKѭQJFKӍ
QһQJNJÎ 7tQKWKHRNKӕLOѭӧQJWKӇWtFKOjNJ
ĈѫQJLiFѭӟFFyVӵWKD\ÿәLWKHRPһWKjQJYj\rXFҫXYӅWKӡLJLDQYұQFKX\ӇQ
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
+LӋSKӝL9ұQWҧL+jQJNK{QJ4XӕFWӃ
,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQYLӃWWҳW,$7$
,$7$KLӋQÿҥLOjVӵNӃWKӯDFӫD+LӋSKӝL*LDRWK{QJ+jQJNK{QJ4XӕFWӃÿѭӧFWKjQKOұS
WҥL+DJXHYjRQăP
+LӋSKӝLWKѭѫQJPҥLFӫDFiFKmQJKjQJNK{QJTXӕFWӃFyWUөVӣWҥL0RQWUHDO4XHEHF
&DQDGD+LӋQFyYăQSKzQJÿҥLGLӋQWҥLTXӕFJLDWUrQWKӃJLӟL
,$7$ÿѭӧFWKjQKOұSWKiQJQăPӣ/D+DEDQD&XED9jRWKӡLÿLӇPWKjQKOұS
,$7$FyWKjQKYLrQWӯTXӕFJLDSKҫQOӟQӣFKkXÆXYj%ҳF0ӻ
,$7$KLӋQÿҥLGLӋQFKRNKRҧQJKmQJKjQJNK{QJWҥLTXӕFJLD7KӵFKLӋQOѭX
OѭӧQJKjQJNK{QJFӫDWKӃJLӟLFiFWKjQKYLrQ,$7$EDRJӗPFiFKmQJKjQJNK{QJFKӣ
NKiFKYjKjQJKyDKjQJÿҫXWKӃJLӟL
0өFÿtFKFKtQKFӫDWәFKӭFQj\OjWUӧJL~SFiFF{QJW\KjQJNK{QJÿҥWÿѭӧFVӵFҥQK
WUDQKKӧSSKiSYjWKӕQJQKҩWJLiFҧ
,$7$OjKLӋSKӝLWKѭѫQJPҥLFKRFiFKmQJKjQJNK{QJWUrQWKӃJLӟLKӛWUӧQKLӅXOƭQKYӵF
KRҥWÿӝQJKjQJNK{QJYjJL~S[k\GӵQJFKtQKViFKFӫDQJjQKYӅFiFYҩQÿӅKjQJ
NK{QJTXDQWUӑQJĈk\OjSKѭѫQJWLӋQFKtQKFKRVӵKӧSWiFJLӳDFiFKmQJKjQJNK{QJ
WURQJYLӋFWK~Fÿҭ\FiFGӏFKYөKjQJNK{QJDQWRjQÿiQJWLQFұ\DQWRjQYjWLӃWNLӋPYu
OӧLtFKFӫDQJѭӡLWLrXGQJWUrQWKӃJLӟL
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
+LӋSKӝL9ұQWҧL+jQJNK{QJ4XӕFWӃ,$7$ ± 7LӃSWKHR
,$7$ÿһWPөFWLrXWUӣWKjQKOӵFOѭӧQJWҥRUDJLiWUӏYjÿәLPӟLWK~Fÿҭ\QJjQKYұQ
WҧLKjQJNK{QJDQWRjQÿҧPEҧRYjFyOӧLQKXұQNӃWQӕLEӅQYӳQJYjOjPJLjX
FKRWKӃJLӟL
1KLӋPYөFӫD,$7$OjÿҥLGLӋQOmQKÿҥRYjSKөFYөQJjQKKjQJNK{QJ
&iFTX\WUuQKKRҥWÿӝQJFKtQKFӫD,$7$
0ӝWFiFKFyKӋWKӕQJ7UDRÿәLWK{QJWLQYjNLQKQJKLӋP
0ӝWFiFKFyKӋWKӕQJ7KXWKұSGӳOLӋX
0ӝWFiFKFyKӋWKӕQJ1JKLrQFӭXYjSKkQWtFKFKtQKViFK
0ӝWFiFKFyKӋWKӕQJ7KҧROXұQYӅWKӵFKjQKTX\ÿӏQKWӕW
0ӝWFiFKFyKӋWKӕQJ3KiWWULӇQFiFTX\WҳFWLrXFKXҭQKRһFWK{QJOӋWӕW
.K{QJĈjPSKiQÿLӅXѭӟFTXӕFWӃ
.K{QJ7KLKjQKiSÿһWFiFELӋQSKiSWUӯQJSKҥW
.K{QJ*LҧLTX\ӃWWUDQKFKҩS
7KӍQKWKRҧQJ4XҧQOêNKӫQJKRҧQJ
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ
,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQL]DWLRQ ,&$2
&{QJѭӟFYӅ+jQJNK{QJGkQGөQJTXӕFWӃ &{QJѭӟF&KLFDJRGRTXӕFJLDVRҥQ
WKҧRQăPÿѭӧFWKjQKOұSÿӇWK~Fÿҭ\KӧSWiF³WҥRGӵQJYjGX\WUuWuQKKӳXQJKӏ
YjKLӇXELӃWJLӳDFiFTXӕFJLDYjGkQWӝFWUrQWKӃJLӟL´
7ӯF{QJѭӟF&KLFDJRÿmWKLӃWOұSFiFQJX\rQWҳFFӕWO}LFKRSKpSYұQWҧLTXӕFWӃEҵQJ
ÿѭӡQJKjQJNK{QJYjGүQÿӃQYLӋFWKjQKOұSFѫTXDQFKX\rQWUiFKJLiPViWYҩQÿӅQj\
NӇWӯÿy 7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ,&$2
,&$27KjQKOұSQJj\WKiQJQăPWUөVӣFKtQKÿһWWҥLÿһWWҥL0RQWUHDO4XHHEHF
&DQDGD
,&$2OjPӝWWәFKӭFWKXӝF/LrQ+ӧS4XӕFFKӏXWUiFKQKLӋPVRҥQWKҧRYjÿѭDUDFiFTX\
ÿӏQKYӅKjQJNK{QJWUrQWRjQWKӃJLӟL
1KLӋPYөFӕWO}LFӫD,&$2FKRÿӃQQJj\QD\OjJL~SFiF4XӕFJLDÿҥWÿѭӧFPӭFÿӝ
WKӕQJQKҩWFDRQKҩWFyWKӇYӅFiFTX\ÿӏQKWLrXFKXҭQWKӫWөFYjWәFKӭFKjQJNK{QJ
GkQGөQJ
+LӋQWҥLFyTXӕFJLDOjWKjQKYLrQFӫD,&$2
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ
,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQL]DWLRQ ,&$2± 7LӃSWKHR
/jPӝW&ѫTXDQFKX\rQP{QFӫD/+4,&$2KӧSWiFFKһWFKӁYӟL/+4ÿһFELӋW
OjYӟL+ӝLÿӗQJ.LQKWӃYj;mKӝL7KHRQKLӋPYөNӻWKXұWFӫDPuQK,&$2FNJQJ
KӧSWiFFKһWFKӁYӟLFiF&ѫTXDQFKX\rQP{QNKiFFӫD/LrQKӧSTXӕFYjFiF7ә
FKӭFTXӕFWӃFKҷQJKҥQQKѭ
/LrQPLQK9LӉQWK{QJ4XӕFWӃ,78
&ѫTXDQ1ăQJOѭӧQJ1JX\rQWӱ4XӕFWӃ,$($
7әFKӭF/DRÿӝQJ4XӕFWӃ,/2
7әFKӭF+jQJKҧL4XӕFWӃ,02
/LrQPLQK%ѭXFKtQK7KӃJLӟL838
7әFKӭF.KtWѭӧQJ7KӃJLӟL:02
7әFKӭF<WӃ7KӃJLӟL:+29j
7әFKӭF'XOӏFK7KӃJLӟL81:72
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ
,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQL]DWLRQ ,&$2± 7LӃSWKHR
7URQJTXiWUuQKSKiWWULӇQFiF3KөOөFFӫD&{QJѭӟF&KLFDJRÿmWăQJOrQYӅVӕ
OѭӧQJYjKLӋQWҥLEDRJӗPEDRJӗPKѫQWLrXFKXҭQTXӕFWӃYjWK{QJOӋ
ÿѭӧFNKX\ӃQQJKӏWҩWFҧÿӅXÿmÿѭӧFTXӕFJLDWKjQKYLrQKLӋQQD\FӫD
,&$2QKҩWWUt
0ӝWVӕKRҥWÿӝQJFKtQKFӫD,&$2
;k\GӵQJYjWKLӃWOұSFiFWLrXFKXҭQEҳWEXӝFÿӕLYӟLQJjQKKjQJNK{QJÿӇFiFQѭӟF
WKjQKYLrQWKӵFKLӋQ
4X\ÿӏQKTX\ӅQJLDRWK{QJTXӕFWӃTX\ӅQWӵGREҫXWUӡL
3KiWWULӇQFѫVӣKҥWҫQJ
3KiWWULӇQFiFNKX\ӃQQJKӏYjKѭӟQJGүQFKҷQJKҥQQKѭ7LrXFKXҭQSKzQJFKi\
,&$2
3KkQEәPm,&$2FKRFiFQѭӟFYjFiFORҥLPi\ED\
ĈӏQKQJKƭDFӫDFiFJLiWUӏJLӟLKҥQFKRSKiWWLӃQJӗQPi\ED\«
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
6RViQK,$7$Yj,&$2
,&$2,$7$7LrXFKt
7UrQFѫVӣF{QJѭӟF&KLFDJR.ӃWKӯDVӵSKiWWULӇQFӫD+LӋSKӝL*LDR
WK{QJKjQJNK{QJTXӕFWӃ
1JXӗQJӕF
 7UөVӣFKtQK0RQWUHDO&DQDGD± 7UөVӣFKtQK0RQWUHDO&DQDGD7KjQKOұS
7әFKӭFOLrQFKtQKSKӫ ,&$2OjWKjQK
YLrQFӫD/+4± &iFWKjQKYLrQWKDP
JLDOjFiFTXӕFJLDWUrQWKӃJLӟL
7әFKӭFSKLFKtQKSKӫ +LӋSKӝLFӫD
FiF'1KmQJKjQJNK{QJVkQED\ÿҥL
OêYpPD\ED\F{QJW\JLDRQKұQ«
7tQKFKҩW
7KLӃWOұSWLrXFKXҭQFKRKjQJNK{QJ
GkQGөQJWKӃJLӟL
3KөFYөNLQKGRDQKFӫDFiF'1YұQWҧL
KjQJNK{QJYjFiF'1OLrQTXDQ
0өFWLrX
%DNêWӵ+DLNêWӵ0mKmQJ
KjQJ
NK{QJ
%ӕQNêWӵ%DNêWӵ0mVkQ
ED\
0mKjQJKjQJNK{QJWKHR,&$2Yj,$7$
&28175<,&$2'(6,*1$725,$7$'(6,*1$725$,5/,1(1$0(
5XVVLDQ)HGHUDWLRQ87$8787DLU
8]EHNLVWDQ8=%+<8]EHNLVWDQ$LUZD\V
9LHWQDP%$94+%DPERR
9LHWQDP9-&9-9LHWMHW
9LHWQDP+91919LHWQDP$LUOLQHV
8QLWHG.LQJGRP9,5969LUJLQ$WODQWLF
$XVWUDOLD92=9$9LUJLQ$XVWUDOLD
0H[LFR92,<9RODULV
6SDLQ9/*9<9XHOLQJ
6SDLQ3/0(%:DPRV $LU
&DQDGD:-$:6:HVW-HW
0mVkQED\9LӋW1DPWKHR,&$2Yj,$7$
%D\ÿrP
1ăP[k\
GӵQJ
&KLӅXGjL
ÿѭӡQJEăQJ
6ӕÿѭӡQJ
EăQJ
7ӍQK0m,&$2,$7$7rQVkQED\677
&yP%j5ӏD9NJQJ7jX99&69&66kQED\&{QĈҧR
&yP%uQKĈӏQK993&8,+6kQED\3K&iW
.K{QJP&j0DX99&0&$+6kQED\&j0DX
&yP&ҫQ7Kѫ99&79&$6kQED\TXӕFWӃ&ҫQ7Kѫ
&yPĈҳN/ҳN99%0%096kQED\%X{Q0D7KXӝW
&yPPĈj1ҹQJ99'1'$'6kQED\TXӕFWӃĈj1ҹQJ
.K{QJPĈLӋQ%LrQ99'%',16kQED\ĈLӋQ%LrQ3Kӫ
&yP*LD/DL993.3;86kQED\3OHLNX
&yP+ҧL3KzQJ99&,+3+6kQED\TXӕFWӃ&iW%L
&yPP+j1ӝL991%+$16kQED\TXӕFWӃ1ӝL%jL
&yPP73+ӗ&Kt0LQK99766*16kQED\TXӕFWӃ7kQ6ѫQ1KҩW
&yP
.KiQK+zD99&5&;56kQED\TXӕFWӃ&DP5DQK
.K{QJP.LrQ*LDQJ995*9.*6kQED\5ҥFK*Li
&yP.LrQ*LDQJ993434&6kQED\TXӕFWӃ3K~4XӕF
&yP/kPĈӗQJ99'/'/,6kQED\/LrQ.KѭѫQJ
&yP1JKӋ$Q999+9,,6kQED\TXӕFWӃ9LQK
.K{QJP3K~<rQ997+7%%6kQED\7X\+zD
&yP4XҧQJ%uQK99'+9'+6kQED\ĈӗQJ+ӟL
.K{QJP4XҧQJ1DP99&$9&/6kQED\&KX/DL
&yP7KDQK+yD997;7+'6kQED\7Kӑ;XkQ
&yP7KӯD7KLrQ +XӃ993%+8,6kQED\TXӕFWӃ3K~%jL
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
6ӵJLDQKұSFӫD9LӋW1DPYjR,&$2
4XӕFJLD9LӋW1DPJLDQKұS,&$2QăP%ҧRĈҥLOjP4XӕF7UѭӣQJVDXÿy
9LӋW1DP&ӝQJKzDNӃWKӯD
&ӝQJKzD;mKӝL&KӫQJKƭD9LӋW1DPÿӃQQăPPӟLFKtQKWKӭFJLDQKұS
.KLJLDQKұS,&$29LӋW1DPSKҧLWXkQWKHRFiFTX\ÿӏQK
FӫDWәFKӭFQj\
,$7$F{QJQKұQFiFKmQJKjQJNK{QJ9LӋW1DP
9LHWQDP$LUOLQH
9LHWMHW
%DPERR± ÿҥWFKӭQJQKұQÿiQKJLiDQWRjQ
NKDLWKiFFӫD+LӋSKӝL9ұQWҧL+jQJNK{QJ4XӕFWӃ/K^
ÿk\OjWLӅQÿӅTXDQWUӑQJÿӅWUӣWKjQKWKjQKYLrQFKtQK
WKӭFFӫD,$7$WURQJWѭѫQJODL
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLKjQJNK{QJ
+ӋWKӕQJ:DUVDZ
&{QJѭӟFTXӕFWӃWKӕQJQKҩWPӝWVӕTX\WҳFYӅYұQWҧLKjQJNK{QJTXӕFWӃÿѭӧFNêWҥL
9iFVDYDQJj\JӑLWҳWOj&{QJѭӟF9iFVDYD:DUVDZ
1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟF9iFVDYD1JKӏÿӏQKWKѭQj\NêWҥL+DJXH
QrQJӑLWҳWOj1JKӏÿӏQKWKѭ+DJXH
&{QJѭӟFEәVXQJFKRF{QJѭӟF9iFVDYDÿѭӧFNêNӃWWҥL*XDGDOD]DODQJj\
QrQJӑLWҳWOj&{QJѭӟF*XDGDOD]DOD
+LӋSÿӏQKOLrQTXDQWӟLJLӟLKҥQFӫD&{QJѭӟF9iFVDYDYjQJKӏÿӏQKWKѭ+DJXH+LӋS
ÿӏQKQj\ÿѭӧFWK{QJTXDWҥL0RQWUHDOQrQJӑLWҳWOj+LӋSÿӏQK0RQWUHDO
1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟF9iFVDYDÿѭӧFVӱDÿәLEӣLQJKӏÿӏQKWKѭ
+DJXH 1JKӏÿӏQKQj\NêWҥLWKjQKSKӕ*XDWHPDODQrQJӑLWҳWOj1JKӏ
ÿӏQKWKѭ*XDWHPDOD
1JKӏÿӏQKWKѭEәVXQJ1JKӏÿӏQKWKѭVӱDÿәLF{QJѭӟF9iFVDYD1JKӏ
ÿӏQKWKѭQj\ÿѭӧFNӃWWҥL0RQWUHDOQJj\WKiQJQăPQrQJӑLWҳWOj1JKӏÿӏQKWKѭ
0RQWUHDOVӕ
&{QJѭӟF&KLFDJR
&{QJѭӟF0RQWUHDOYjQJKӏÿӏQKWKѭ0RQWUHDO
+ӋWKӕQJF{QJѭӟF9iFVDYD:DUVDZ
6ӵUDÿӡLFӫD&{QJѭӟF9iFVDYD
7rQ&RQYHQWLRQIRUWKH8QLILFDWLRQRIFHUWDLQUXOHVIRU,QWHUQDWLRQDOFDUULDJHE\$LU
&{QJѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFYұQFKX\ӇQTXӕFWӃEҵQJÿѭӡQJKjQJNK{QJ
%ӕLFҧQKUDÿӡL
6DXWKӃFKLӃQYLӋFWKӕQJQKҩWOXұWKjQJNK{QJWѭQKkQYӅYұQFKX\ӇQTXӕFWӃ
EҵQJÿѭӡQJKjQJNK{QJÿmWUӣWKjQKѭXWLrQ
ĈӃQQăPFKtQKSKӫ3KiSÿmFӕJҳQJWK{QJTXDOXұWSKiSTXӕFJLDOLrQ
TXDQÿӃQWUiFKQKLӋPSKiSOêWURQJYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJWX\
QKLrQKӑQKұQWKҩ\FҫQFyVӵWKӕQJQKҩWWUrQSKҥPYLTXӕFWӃ
7KHRViQJNLӃQFӫD&KtQKSKӫ3KiS+ӝLQJKӏ4XӕFWӃOҫQWKӭQKҩWYӅ/XұW+jQJ
NK{QJWәFKӭFWҥL3DULVWӯQJj\WKiQJÿӃQQJj\WKiQJQăPÿm
WK{QJTXDGӵWKҧRVѫEӝYӅWKӓDWKXұQYӅWUiFKQKLӋPWURQJOƭQKYӵFYұQWҧLKjQJ
NK{QJYjTX\ӃWÿӏQKWKjQKOұSPӝWӪ\EDQ4XӕFWӃ ÿӇVRҥQWKҧRF{QJѭӟF
6ӵUDÿӡLFӫD&{QJѭӟF9iFVDYDWLӃSWKHR
%ӕLFҧQKUDÿӡLWLӃSWKHR
Ӫ\EDQ4XӕFWӃQj\ÿmVRҥQWKҧRF{QJѭӟFYjWUuQKÿӇ[HP[pWWҥL+ӝLQJKӏ4XӕF
WӃOҫQWKӭKDLYӅ/XұW+jQJNK{QJ7ѭQKkQÿѭӧFWәFKӭFWҥL:DUVDZ%D/DQWӯ
QJj\ÿӃQQJj\&yÿҥLELӇXWӯTXӕFJLDÿӃQ WKDPGӵ+ӝLQJKӏ
Qj\+RD.ǤFKӍFӱFiFTXDQViWYLrQNK{QJFKtQKWKӭF
&XӕLFQJ&{QJѭӟF:DUVDZÿѭӧFNêNӃWYjRQJj\ WrQFKtQKWKӭF
Oj³&{QJѭӟFYӅ7KӕQJQKҩWPӝWVӕTX\WҳFOLrQTXDQÿӃQYұQFKX\ӇQTXӕF
WӃEҵQJÿѭӡQJKjQJNK{QJ´ÿmSKiWWULӇQWKjQKPӝWWURQJQKӳQJF{QJFөTXDQ
WUӑQJQKҩWFӫDWѭSKiSTXӕFWӃ
Ĉk\OjNKXQJSKiSOêWRjQGLӋQÿҫXWLrQTXҧQOêQJjQKKjQJNK{QJӣFҩSÿӝTXӕF
WӃQyÿyQJYDLWUzWKLӃW\ӃXÿӇKӛWUӧVӵSKiWWULӇQQJjQKKjQJNK{QJYjWKLӃWOұS
PӝWEӝQJX\rQWҳFKҫXKӃWWURQJVӕÿyYүQFzQKLӋXOӵFYjOjFѫVӣFӫDOXұW
KjQJNK{QJKLӋQÿҥL
1ăP,&$2UDÿӡLYjÿmWLӃSWөFQJKLrQFӭXYӅF{QJѭӟF:DUVDZYj
ÿӅ[XҩWFiFVӱDÿәLEәVXQJ
6ӵSKiWWULӇQFӫDKӋWKӕQJ:DUVDZ
7ӯQJj\ÿӃQQJj\WҥL7KH+DJXH,&$2ÿmWULӋXWұSPӝW+ӝLQJKӏ1JRҥL
JLDRTXӕFWӃWҥLÿy&{QJѭӟF:DUVDZQăPÿmÿѭӧFVӱDÿәLYjRQJj\
EӣL1JKӏÿӏQKWKѭ+DJXH WrQJӑL³1JKӏÿӏQKWKѭ VӱDÿәLF{QJѭӟFÿӇ
WKӕQJQKҩWPӝWVӕTX\WҳFOLrQTXDQÿӃQFKX\rQFKӣTXӕFWӃEҵQJÿѭӡQJKjQJ
NK{QJ± 9iF[DYDQJj\´ 1JKӏÿӏQKWKѭ+DJXHFӫD&{QJѭӟF:DUVDZ
FyKLӋXOӵFYjRQJj\
7ӯQJj\ÿӃQ QJj\WҥL*XDGDODMDUD0H[LFR,&$2ÿmWULӋXWұSPӝW
+ӝLQJKӏ1JRҥLJLDRTXӕFWӃYjTXDÿyWK{QJTXD³&{QJѭӟF%әVXQJFKR&{QJ
ѭӟF:DUVDZYӅ7KӕQJQKҩW0ӝWVӕ4X\WҳF/LrQTXDQÿӃQ9ұQFKX\ӇQ4XӕFWӃ
EҵQJĈѭӡQJKjQJNK{QJGRPӝW1JѭӡLNK{QJSKҧLOj1JѭӡLYұQFKX\ӇQWKHR
+ӧSÿӗQJ7KӵFKLӋQ´+LӋXOӵFYjRQJj\WKiQJQăP
9jRÿҫXQKӳQJQăP+RD.ǤFKѭDSKrFKXҭQ1JKӏÿӏQKWKѭ+DJXHQăP
YuKӑFKRUҵQJJLӟLKҥQWUiFKQKLӋPSKiSOêÿӕLYӟLYLӋFYұQFKX\ӇQQJѭӡLOjTXi
WKҩSĈLӅXQj\NKLӃQ+RD.ǤYjRQJj\WKiQJQăPWX\rQEӕU~WNKӓLF{QJ
ѭӟFQăPFyKLӋXOӵFWӯQJj\WKiQJQăP ± ÿLӅXQj\FyWKӇJk\UD
NKӫQJKRҧQJQJKLrPWUӑQJFKRYұQFKX\ӇQKjQJNK{QJTXӕFWӃ
6ӵSKiWWULӇQFӫDKӋWKӕQJ:DUVDZWW
ĈӇJLҧLTX\ӃWWuQKKXӕQJQj\QJj\FiFQѭӟFÿmWK{QJTXD³+LӋSÿӏQKOLrQ
TXDQWӟLJLӟLKҥQFӫD&{QJѭӟF9DFVDYDYjQJKӏÿӏQKWKѭ+DJXH´ JӑLWҳWOj+LӋS
ÿӏQK0RQWUHDO
*KLQKұQJLҧLSKiSWҥPWKӡLFӫD7KӓDWKXұQWUrQ,&$2NK{QJFyOӵDFKӑQQjRNKiF
QJRjLYLӋFWuPNLӃPPӝWJLҧLSKiSOkXGjL0ӝWWKӓDWKXұQOLrQFKtQKSKӫJLҧLTX\ӃW
FiFJLӟLKҥQWUiFKQKLӋPSKiSOêYjKLӋQÿҥLKyDVkXVҳFWRjQEӝ&{QJѭӟF:DUVDZ
ÿѭӧFVӱDÿәLEӣL1JKӏÿӏQKWKѭ/D+D\ÿmÿҥWÿѭӧFWҥL+ӝLQJKӏ1JRҥLJLDRÿѭӧFWә
FKӭFWҥL7KjQKSKӕ*XDWHPDODWӯQJj\WKiQJÿӃQQJj\WKiQJQăPYӟL
VӵWKDPGӵFӫD4XӕFJLDYӟLYLӋFWK{QJTXD1JKӏÿӏQKWKѭ*XDWHPDODÿѭӧFNê
QJj\
6DX+ӝLQJKӏ*XDWHPDOD PӝW+ӝLQJKӏ1JRҥLJLDRNKiFYӅ/XұW+jQJNK{QJ4XӕFWӃ
ÿѭӧFWәFKӭFWҥL0RQWUHDOWӯQJj\ÿӃQQJj\WKiQJQăPGѭӟLVӵEҧRWUӧ
FӫD,&$2ĈLӅXQj\GүQÿӃQYLӋFWK{QJTXDEӕQ1JKӏÿӏQKWKѭ1JKӏÿӏQKWKѭ
0RQWUHDOQăPNêQJj\WKiQJQăPVӱDÿәL&{QJѭӟF:DUVDZYj
1JKӏÿӏQKWKѭ7KH+DJXHYj*XDWHPDOD&iF1JKӏÿӏQKWKѭQj\ÿmVӱDÿәLJLӟLKҥQ
WUiFKQKLӋPJLDWăQJWURQJ1JKӏÿӏQKWKѭ*XDWHPDODWKD\ÿәLFiFKÿROѭӡQJWLӅQWӋ
WӯYjQJWKjQK4X\ӅQU~WYӕQÿһFELӋWYjORҥLEӓFiF\rXFҫXYӅFKӭQJWӯÿmOӛLWKӡL
ÿӕLYӟLYLӋFYұQFKX\ӇQKjQJKyD
6ӵSKiWWULӇQFӫDKӋWKӕQJ:DUVDZWW
9ӟLQKLӅXVӱDÿәLFQJYӟLVӵJLDWăQJFӫDKjQKNKiFKYjWRjQFҫXKyD
QJjQKYұQWҧLKjQJNK{QJVӵSKӭFWҥSYjSKkQPҧQKFDRFӫD+ӋWKӕQJ
:DUVDZ WӓUDNK{QJSKKӧSÿӗQJWKӡLOjPPҩWÿLVӵOLrQTXDQWѭѫQJӭQJ
ÿӕLJLӳDNKiFKKjQJYӟLFiFKmQJKjQJNK{QJYjQJjQKYұQWҧLKjQJNK{QJ
7ҥL+ӝLQJKӏ4XӕFWӃYӅ/XұW+jQJNK{QJÿѭӧFWәFKӭFWҥL0RQWUHDOWӯQJj\
ÿӃQQJj\&{QJѭӟF0RQWUHDOPӟLFyWrQFKtQKWKӭFOj³&{QJ
ѭӟFYӅ7KӕQJQKҩWPӝWVӕ4X\WҳF9ұQFKX\ӇQ4XӕFWӃEҵQJĈѭӡQJ
KjQJNK{QJ´ÿѭӧFNêNӃWYjRQJj\WKiQJQăP
&{QJѭӟFPӟLQj\QKҵPWKD\WKӃ+ӋWKӕQJ:DUVDZÿѭӧFP{WҧӣWUrQFy
KLӋXOӵFYjRQJj\ĈLӇPÿәLPӟLU}UjQJQKҩWOj&{QJѭӟF0RQWUHDO
WҥRUDPӝWF{QJFөSKiSOêGX\QKҩWWKD\YuPӝWEӝF{QJFөFKҳSYiÿѭӧF
FXQJFҩSWKHR+ӋWKӕQJ:DUVDZFNJViXF{QJFөSKiSOêNKiFQKDX.KRҧQJ
ÿҥLELӇXWӯ4XӕFJLDNêNӃWPӝW4XӕFJLDNK{QJNêNӃWYjWәFKӭF
TXӕFWӃÿmWKDPJLDKӝLQJKӏOӏFKVӱNpRGjLEDWXҫQQj\
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZ
&{QJѭӟF:DUVDZ
&RQYHQWLRQIRUWKH8QLILFDWLRQRIFHUWDLQUXOHVIRU,QWHUQDWLRQDOFDUULDJHE\$LU&{QJ
ѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFYұQFKX\ӇQTXӕFWӃEҵQJÿѭӡQJKjQJNK{QJ
.êWҥL:DUV]DZD%D/DQQJj\ +LӋXOӵFQJj\
/jF{QJѭӟFTXӕFWӃYӅWUiFKQKLӋPEӗLWKѭӡQJWURQJYұQWҧLTXӕFWӃFӫDKmQJ
KjQJNK{QJÿӕLYӟLFRQQJѭӡLKjQKOêYjKjQJKyD
&{QJѭӟFFyFKѭѫQJYjÿLӅXNKRҧQ
&KѭѫQJ± 3KҥPYLiSGөQJYjÿӏQKQJKƭDÿLӅX
&KѭѫQJ± &KӭQJWӯYұQFKX\ӇQYpKjQKNKiFKÿLӅXYpKjQKOêÿLӅXNK{QJ
YұQÿѫQWӯÿLӅXÆ 
&KѭѫQJ± 7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQÿLӅXÆ 
&KѭѫQJ± 1KӳQJTX\ÿӏQKOLrQTXDQÿӃQYLӋFYұQFKX\ӇQNӃWKӧSEҵQJÿѭӡQJ
NK{QJÿѭӡQJEӝYjÿѭӡQJELӇQÿLӅX
&KѭѫQJ± 1KӳQJTX\ÿӏQKFKXQJYjFXӕLFQJÿLӅX± 
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ/D+D\VӱDÿәL&{QJѭӟF:DUVDZ
&K~ê 1JKӏÿӏQKWKѭ3URWRFROOjYăQEҧQGRFiFTXӕFJLDWKӕQJQKҩWNêNӃWÿӇEәVXQJ
KѭӟQJGүQWKӵFKLӋQKLӋSÿӏQKF{QJѭӟFTXӕFWӃ
7rQ3URWRFROWRDPHQGWKH&RQYHQWLRQIRUWKH8QLILFDWLRQRI&HUWDLQ5XOHV5HODWLQJWR
,QWHUQDWLRQDO&DUULDJHE\$LUVLJQHGDW:DUVDZRQ2FWREHU7KH+DJXH3URWRFRO
± 1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟF:DUVDZ
.êWҥL+DJXH+j/DQ QJj\ +LӋXOӵFQJj\
1JKӏÿӏQKWKѭ/D+D\FyFKѭѫQJYjÿLӅXNKRҧQQKѭ VDX
&KѭѫQJ± 6ӱDÿәL&{QJѭӟF:DUVDZÿLӅX ± 4XDQWUӑQJQKҩWOjVӱDÿLӅX
&KѭѫQJ± 3KҥPYLiSGөQJFӫD&{QJѭӟFÿmVӱDÿәLÿLӅX
&KѭѫQJ± 1KӳQJÿLӅXNKRҧQFXӕLFQJÿLӅXÆ 
+LӋXOӵFFӫD&{QJѭӟF:DUVDZYj1JKӏÿӏQKWKѭ /D+D\OjÿӝFOұSYӟLQKDX
%rQWKDPJLDF{QJѭӟF:DUVDZFyTX\ӅQNK{QJWKDPJLD1JKӏÿӏQKWKѭ VӱDÿәL
%rQWKDPJLD1JKӏÿӏQKWKѭ /D+D\FyQJKƭDOjWKDPJLD&{QJѭӟF:DUVDZÿmVӱD
ÿәLFKRGWUѭӟFÿyFKѭDWKDPJLD&{QJѭӟF:DUVDZ
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
&{QJѭӟF*XDGDODMDUD
7rQ&RQYHQWLRQ6XSSOHPHQWDU\WRWKH:DUVDZ&RQYHQWLRQIRUWKH8QLILFDWLRQRI&HUWDLQ
5XOHV5HODWLQJWRLQWHUQDWLRQDO&DUULDJHE\$LU3HUIRUPHGE\D3HUVRQRWKHUWKDQWKH
&RQWUDFWLQJ&DUULHU*XDGDODMDUD&RQYHQWLRQ± &{QJѭӟFEәVXQJ&{QJѭӟF
:DUVDZÿӇWKӕQJQKҩWPӝWTX\WҳFOLrQTXDQÿӃQFKX\ӇQFKӣTXӕFWӃEҵQJÿѭӡQJKjQJ
NK{QJÿѭӧFWKӵFKLӋQEӣLPӝWQJѭӡLNKiFNK{QJSKҧLOjQJѭӡLFKX\rQFKӣWKHRKӧS
ÿӗQJ
.êWҥL*XDGDODMDUD0H[LFRQJj\ +LӋXOӵFQJj\
&{QJѭӟFQj\FyÿLӅXNKRҧQ&ҫQOѭXêPӝWVӕÿLӇPVDX
1JѭӡLFKX\rQFKӣWKHR+ĈOjQJѭӡLNêNӃW+ĈFKX\rQFKӣÿѭӧFÿLӅXFKӍQKEҵQJ&{QJѭӟF
:DUVDZYӟLKjQKNKiFKKD\YӟLQJѭӡLJӱLKjQJKRһFYӟLQJѭӡLKRҥWÿӝQJWKD\PһWKjQK
NKiFKKD\QJѭӡLJӱLKjQJ1JѭӡLFKX\rQFKӣNK{QJWKHR+ĈOjQJѭӡLQKұQVӵXӹWKiFFӫD
QJѭӡLFKX\rQFKӣWKHRKӧSÿӗQJÿӇWKӵFKLӋQPӝWSKҫQKD\WRjQEӝYLӋFFKX\rQFKӣ
.KLÿyFҧQJѭӡLFKX\rQFKӣWKHR+ĈYjQJѭӡLFKX\rQFKӣNK{QJWKHR+ĈÿӅX SKҧLWXkQ
WKHR&{QJѭӟF :DUVDZ 1JѭӡLFKX\rQFKӣWKHR+ĈFKӏXWUiFKQKLӋPYӟLWRjQEӝYLӋFFKX\rQ
FKӣWKHR+ĈQJѭӡLFKX\rQFKӣNK{QJWKHR+ĈFKӏXWUiFKQKLӋPÿӕLYӟLSKҫQFKX\rQFKӣPj
DQKWDWKӵFKLӋQ
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ*XDWHPDOD
7rQ3URWRFROWR$PHQGWKH&RQYHQWLRQIRUWKH8QLILFDWLRQRI&HUWDLQ5XOHV5HODWLQJWR,QWHUQDWLRQDO
&DUULDJHE\$LU6LJQHGDW:DUVDZRQ2FWREHUDV$PHQGHGE\WKH3URWRFRO'RQHDWWKH+DJXH
RQ6HSWHPEHU*XDWHPDOD3URWRFRO
.êWҥL*XDWHPDODQJj\±.K{QJFyKLӋXOӵFGRNK{QJÿӫTXӕFJLDSKrFKXҭQ
7ѭѫQJWӵQKѭQJKӏÿӏQKWKѭ/D+D\QJKӏÿӏQKWKѭQj\FyFKѭѫQJÿLӅXNKRҧQ
&KѭѫQJ± 6ӱDÿәL&{QJѭӟF:DUVDZÿLӅX 
&KѭѫQJ± 3KҥPYLiSGөQJFӫD&{QJѭӟFÿmVӱDÿәLÿLӅX
&KѭѫQJ± 1KӳQJÿLӅXNKRҧQFXӕLFQJÿLӅX 
+LӋXOӵFFӫD&{QJѭӟF:DUVDZ&{QJѭӟF:DUVDZÿѭӧFVӱDÿәLEҵQJ1JKӏÿӏQKWKѭ /D+D\
Yj1JKӏÿӏQKWKѭ*XDWHPDODOjÿӝFOұSYӟLQKDX
%rQWKDPJLDF{QJѭӟF:DUVDZFyTX\ӅQNK{QJWKDPJLD1JKӏÿӏQKWKѭ Qj\
%rQWKDPJLDF{QJѭӟF:DUVDZÿѭӧFVӱDEӣL1JKӏÿӏQKWKѭ /D+D\FyTX\ӅQNK{QJWKDPJLDQJKӏ
ÿӏQKWKѭQj\
%rQWKDPJLDQJKӏÿӏQKWKѭQj\FyQJKƭDOjWKDPJLDF{QJѭӟF:DUVDZÿѭӧFVӱDEӣL1JKӏÿӏQKWKѭ /D
+D\YjQJKӏÿӏQKWKѭ*XDWHPDOD
1JKӏÿӏQKWKѭ*XDWHPDODWLӃSWөFWăQJJLӟLKҥQWLӅQWӋÿӕLYӟLWUiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQ
ÿӕLYӟLKjQKNKiFKYjKjQKOêFӫDKӑQKѭQJNK{QJWKD\ÿәLFiFÿLӅXNKRҧQOLrQTXDQWURQJOLrQTXDQ
ÿӃQKjQJKyD
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ0RQWUHDO6ӕQăP
7rQ0RQWUHDO$GGLWLRQDO3URWRFROV1XPEHUVDQGRIJӑLWҳWOj0$30$3
0$3
'RVӵSKiWWULӇQFӫD4Xӻ7LӅQWӋ4XӕFWӃ,0)GүQÿӃQYLӋFQJăQFҧQFiF4XӕFJLDÿӏQK
JLiFKtQKWKӭFWKHRYjQJGүQÿӉQQJKӏÿӏQKWKѭEәVXQJQj\
0$3VӱDÿәL&{QJѭӟF:DUVDZJӑLWҳWOj&{QJѭӟF:DUVDZ0$3
0$3VӱDÿәL&{QJѭӟF:DUVDZ+DJXH JӑLWҳWOj³&{QJѭӟF:DUVDZ+DJXH0$3
´
0$3VӱDÿәL&{QJѭӟF:DUVDZ+DJXH*XDWHPDOD7X\QKLrQGR&{QJѭӟF
:DUVDZ+DJXH*XDWHPDODNK{QJFyKLӋXOӵF ÿүQÿӃQ0$3FNJQJY{KLӋX
0$3WKD\WKӃÿѫQYӏWLӅQWӋNKLÿӅFұSÿӃQJLӟLKҥQWLӅQWӋÿӕLYӟLWUiFKQKLӋP
SKiSOêFӫDQJѭӡLYұQFKX\ӇQKjQJNK{QJWӯÿӗQJIUDQFYjQJ)5)VDQJ4X\ӅQU~WYӕQ
ÿһFELӋW6'5GR,0)WKLӃWOұSYjWtQKWRiQWUrQFѫVӣUәWLӅQWӋTXӕFWӃ
0$3FyKLӋXOӵFQJj\YjÿmÿѭӧFTXӕFJLDWK{QJTXD
0$3FyKLӋXOӵFQJj\YjÿmÿѭӧF4XӕFJLDWK{QJTXD
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ0RQWUHDOVӕQăP
7rQ0RQWUHDO$GGLWLRQDO3URWRFROV1XPEHUVRIJӑLWҳWOj0$3
7ұSWUXQJYjRVӱD&{QJѭӟF:DUVDZ+DJXH YӅFKӃÿӝWUiFKQKLӋPÿӕLYӟL
YLӋFYұQFKX\ӇQKjQJKyD%ҵQJFѫFKӃWѭѫQJWӵQKѭFѫFKӃÿѭӧFVӱGөQJWURQJ
FiFQJKӏÿӏQKWKѭNKiFYLӋFSKrFKXҭQKRһFJLDQKұS0$3FyWiFGөQJ
WXkQWKӫ&{QJѭӟF:DUVDZ+DJXHÿѭӧFVӱDÿәLEӣL0$3JӑLWҳWOj
&{QJѭӟF:DUVDZ+DJXH0$3
0$3ÿѫQJLҧQKyDYjKLӋQÿҥLKyDFiFFKLWLӃWFҫQFyWURQJFKӭQJWӯYұQFKX\ӇQ
YjORҥLEӓKuQKSKҥWÿӕLYӟLYLӋFNK{QJWXkQWKӫFiF\rXFҫXYӅFKӭQJWӯ
*LӟLWKLӋXNKiLQLӋPYӅYұQÿѫQKjQJNK{QJÿLӋQWӱ
*LӟLWKLӋXEӕQELӋQSKiSEҧRYӋFөWKӇFKRYLӋFYұQFKX\ӇQKjQJKyD
*LӟLKҥQWUiFKQKLӋPWLӅQWӋFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟLKjQJKyDYүQJLӳQJX\rQ
QKѭQJÿѫQYӏWLӅQWӋIUDQFYjQJPӛLNJÿѭӧFWKD\WKӃEҵQJ6'5PӛLNJ
0$3FyKLӋXOӵFYjRQJj\YjÿmÿѭӧFTXӕFJLDWK{QJTXD
&{QJѭӟF0RQWUHDO
*LӟLWKLӋX
7rQJӑL&219(17,21)257+(81,),&$7,212)&(57$,158/(6)25
,17(51$7,21$/&$55,$*(%<$,5&{QJѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFYӅ
YұQFKX\ӇQTXӕFWӃEҵQJÿѭӡQJKjQJNK{QJ
&{QJѭӟF0RQWUHDO0&TX\ÿӏQKWUiFKQKLӋPFӫDKmQJKjQJNK{QJ
WURQJWUѭӡQJKӧSKjQKNKiFKWӱYRQJKRһFEӏWKѭѫQJFNJQJQKѭWURQJWUѭӡQJ
KӧSFKұPWUӉKѭKӓQJKRһFPҩWPiWKjQKOêYjKjQJKyD1yKӧSQKҩWWҩWFҧFiF
FKӃÿӝÿLӅXѭӟFTXӕFWӃNKiFQKDXYӅWUiFKQKLӋPSKiSOêFӫDKmQJKjQJNK{QJ
ÿmSKiWWULӇQPӝWFiFKQJүXQKLrQWӯQăP0&ÿѭӧFWKLӃWNӃÿӇWUӣWKjQK
PӝWKLӋSѭӟFGX\QKҩWSKәTXiWÿӇÿLӅXFKӍQKWUiFKQKLӋPSKiSOêFӫDKmQJ
KjQJNK{QJWUrQWRjQWKӃJLӟL
,$7$YjFiFKmQJKjQJNK{QJWKjQKYLrQKӛWUӧ,&$2WURQJYLӋFTXҧQJEi0&
Oj&{QJѭӟFWRjQFҫXGX\QKҩWYӅWUiFKQKLӋPSKiSOêFӫDKmQJKjQJNK{QJ
.êNӃWQJj\KLӋXOӵFQJj\
6ӕWKjQKYLrQKLӋQWҥLTXӕFJLDYjWRjQEӝQѭӟF(8WKjQKYLrQ
7KjQKYLrQFӫD0&± WtQKÿӃQQăP
+LӋXOӵFFӫD0&ÿӕLYӟL91
9LӋW1DPQӝSÿѫQJLDQKұS0&1Jj\ YӟL,&$27KHRTX\ÿӏQK
FӫD&{QJѭӟFWӯQJj\&{QJѭӟFFyKLӋXOӵFÿӕLYӟL9LӋW1DP
9LӋW1DPFKҩSQKұQWRjQEӝFiFÿLӅXFӫD&{QJѭӟFWX\QKLrQYăQNLӋQJLD
QKұSFӫD9LӋW1DPFyWX\rQEӕVDXWKHRĈLӅX³&{QJѭӟFVӁNK{QJiS
GөQJÿӕLYӟL
D9ұQWҧLKjQJNK{QJTXӕFWӃGRQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPWUӵF
WLӃSWKӵFKLӋQYjNKDLWKiFNK{QJQKҵPPөFÿtFKWKѭѫQJPҥLSKKӧSYӟLFKӭF
QăQJQKLӋPYөFӫD1KjQѭӟFFyFKӫTX\ӅQYjKRһF
E9LӋFYұQFKX\ӇQQJѭӡLKjQJKyDYjKjQKOêFKRFѫTXDQTXkQVӵFӫDPuQK
WUrQWjXED\GR1KjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPÿăQJNêKRһFFKR
WKXrWRjQEӝVӭFFKӭDÿmÿѭӧFFѫTXDQTXkQVӵÿyEҧROѭXKRһFWKD\PһWFKR
FѫTXDQÿy´
6RViQKQKDQKKӋWKӕQJ:DUVDZYj0&
0RQWUHDO
&RQYHQWLRQ

$GGLWLRQDO
3URWRFRO0RQWUHDO

+DJXH
3URWRFRO

:DUVDZ
&RQYHQWLRQ

/LPLWVRI FRPSHQVDWLRQ
OLDELOLW\RIWKHFDUULHU
6'56'5)5))5)'HDWKRULQMXU\
6'5
'DPDJHFDXVHGE\GHOD\
3HU3DVVHQJHU
6'56'5)5))5)
2EMHFWVRIZKLFKWKH
SDVVHQJHUWDNHVFKDUJH
KLPVHOI3HU3DVVHQJHU
6'56'5)5))5)%DJJDJH&DUJR3HU.J
<HV
<HVZLWKRWKHU0$3
SDUWLHVRQO\
1R1R
3URYLVLRQVIRUHOHFWURQLF
DLUZD\ELOOV
*KLFK~ )5) PJ JYjQJFyÿӝWLQKNKLӃW
.ӇWӯNKL0$3FyKLӋXOӵFÿӃQQD\)5)YjQJÿѭӧFFKX\ӇQWKjQK6'5
7KiQJ,&$2ÿmÿӅ[XҩWWăQJPӭFJLӟLKҥQWUiFKQKLӋPÿӅ
[XҩWQj\VӁFyKLӋXOӵFWӯQJj\
6'56SHFLDO'UDZLQJ5LJKWV4X\ӅQU~WYӕQÿһFELӋW
1ăP+ӝLQJKӏ7jLFKtQKYj7LӅQWӋFӫD/LrQKӧSTXӕF WҥL%UHWWRQ:RRGV
EDQJ1HZ+DPVSKLUH0ӻ +ӝLQJKӏÿmWKҧROXұQFiFYҩQÿӅYӅWKDQKWRiQ
TXӕFWӃVDXWKӃFKLӃQ YjÿmQKҩWWUtWKjQKOұS1JkQKjQJ7iLWKLӃWYj3KiW
WULӇQ1JkQKjQJWKӃJLӟL :%Yj4XӻWLӅQWӋTXӕFWӃ,0)
+ӝLQJKӏFNJQJWKLӃWOұSKӋWKӕQJWLӅQWӋPӟLFKRWKӃJLӟL1ӝLGXQJFѫEҧQOj
FKӍGX\QKҩW86'PӟLÿѭӧFTX\ÿәLVDQJYjQJYӟLJLiWUӏ86' 2XQFH
YjQJQJX\rQFKҩW7ӭFOj86'FyKjPOѭӧFYjQJOjJYjQJ
2XQFH9jQJ2= J
ĈӗQJWLӅQFiFQѭӟFNKiFVӁÿѭӧF[iFÿӏQKWӹJLiYӟL86'TXDÿyWҥRUDFҫX
QӕLJLӳD7LӅQWӋFiFQѭӟF 86'± 9jQJ
6'5ÿѭӧFWҥREӣL,0)QăPQKѭPӝWWjLVҧQGӵWUӳTXӕFWӃEәVXQJ
WURQJ+ӋWKӕQJ%UHWWRQ:RRGV*LiWUӏFӫD6'5ÿѭӧF[iFÿӏQKEDQÿҫXWѭѫQJ
ÿѭѫQJYӟLJUDPYjQJQJX\rQFKҩWEҵQJYӟLJLiWUӏFӫD86'
6'56SHFLDO'UDZLQJ5LJKWV4X\ӅQU~WYӕQÿһFELӋW
7ӯÿӃQWKiQJQăP6'5VÿѭӧFÿӏQKQJKƭDEҵQJJLiWUӏFӫD86'Yj86'[iF
ÿӏQKWKHRJLiWUӏVRYӟLYjQJ
7ӯÿӃQQJj\86' R]YjQJ
7ӯQJj\ÿӃQQJj\86' R]YjQJ
7ӯQJj\ÿӃQQJj\86' R]YjQJ
1ăPFKӃÿӝWӹJLiKӕLÿRҥLFӕÿӏQKVөSÿә QrQWӯWKiQJQăPÿӃQQD\6'5V
ÿѭӧFÿӏQKQJKƭDP{KuQKUәWLӅQWӋEDRJӗPFiFORҥLWLӅQWӋFKtQKÿѭӧFVӱGөQJWURQJ
WKѭѫQJPҥLYjWjLFKtQKTXӕFWӃ
±86''(0-3<*%3)5)
±86''(0-3<*%3)5)
±86''(0-3<*%3)5)
±86''(0-3<*%3)5)
±86'(85-3<*%3
±86'(85-3<*%3
7ӯVDXQăP86'(85&1<-3<*%3
*LiWUӏFӫD6'5ÿѭӧF,0)F{QJEӕKjQJQJj\
)ULGD\0DUFK
KWWSVZZZLPIRUJH[WHUQDOQSILQGDWDUPVBVGUYDVS[
KWWSVZZZLPIRUJH[WHUQDOQSILQGDWDUPVBVGUYDVS[
86GROODUHTXLYDOHQW([FKDQJHUDWH
&XUUHQF\DPRXQW
XQGHU5XOH2
&XUUHQF\8QLW

&KLQHVH\XDQ

(XUR

-DSDQHVH\HQ

8.SRXQG

86GROODU

6XP
86' 6'5
6'5 86'
KWWSVZZZLPIRUJH[WHUQDOQSILQGDWDUPVBVGUYDVS[
7yPWҳW0&
&KѭѫQJ±&iFTX\ÿӏQKFKXQJÿLӅX±
&KѭѫQJ±&KӭQJWӯYjQJKƭDYөFӫDFiFErQOLrQTXDQÿӃQYLӋFYұQFKX\ӇQ
KjQKNKiFKKjQKOêYjKjQJKyDÿLӅX±
&KѭѫQJ7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQYjPӭFEӗLWKѭӡQJWKLӋWKҥL
ÿLӅX±
&KѭѫQJ9ұQFKX\ӇQOLrQKӧSÿLӅX
&KѭѫQJ9ұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJÿѭӧFWKӵFKLӋQEӣLPӝW
QJѭӡLNK{QJSKҧLOjKmQJYұQFKX\ӇQWKHRKӧSÿӗQJÿLӅX±
&KѭѫQJ1KѭQJÿLӅXNKRҧQNKiFÿLӅX±
&KѭѫQJ±1KӳQJÿLӅXNKRҧQFXӕLFQJÿLӅX±
&KѭѫQJ± &iFTX\ÿӏQKFKXQJ
3KҥPYLiSGөQJ&{QJѭӟFÿLӅX
0&ÿѭӧFiSGөQJFKRWҩWFҧFiFFKX\ӃQED\TXӕFWӃFKӣKjQKNKiFKKjQKOê Yj
KjQJKyD ÿѭӧFWKӵFKLӋQEӣLFiFKmQJKjQJNK{QJÿӇQKұQWKODRKRһFYұQFKX\ӇQ
PLӉQSKt
&KX\ӃQED\TXӕFWӃFyQJKƭDOjEҩWNǤYLӋFYұQFKX\ӇQQjRFyÿLӇPNKӣLKjQKYj
ÿLӇPÿӃQQҵPWURQJKDLTXӕFJLDWKjQKYLrQFKRGFyKD\NK{QJFyVӵJLiQÿRҥQ
KRһFFKX\ӇQWҧLWURQJTXiWUuQKYұQFKX\ӇQ WURQJOmQKWKәFӫDPӝWTXӕFJLDWKjQK
YLrQGX\QKҩWQӃXFyPӝWÿLӇPGӯQJWKӓDWKXұQWURQJOmQKWKәFӫDPӝWTXӕFJLDNKiF
QJD\FҧNKLTXӕFJLDÿyNK{QJSKҧLOjPӝWTXӕFJLDWKjQKYLrQ
9LӋFYұQFKX\ӇQÿѭӧFWKӵFKLӋQEӣLPӝWVӕQJѭӡLYұQFKX\ӇQOLrQWLӃSVӁÿѭӧFFRLOj
PӝWOҫQYұQFKX\ӇQQJX\rQYҽQQӃX QJÿѫQOҿ1yNK{QJFiFErQFRLÿyOjPӝWKRҥWÿӝ
PҩWÿLWtQKFKҩWTXӕFWӃQJD\FҧNKLPӝWKRһFPӝWVӕKRҥWÿӝQJYұQFKX\ӇQÿѭӧFWKӵF
KLӋQKRjQWRjQWURQJPӝWTXӕFJLD7URQJWUѭӡQJKӧSQj\WUiFKQKLӋPFӫDFiFErQÿѭӧF
TX\ÿӏQKWURQJĈLӅXFӫD&{QJѭӟF
&{QJѭӟFQj\FNJQJiSGөQJFKRYLӋFYұQFKX\ӇQQKѭÿѭӧFQrXWURQJFKѭѫQJ9
ÿ͵ ÿͻ Ή ͷ ͱ ͵
ͻ ÿ
&KѭѫQJ± &iFTX\ÿӏQKFKXQJ
9ұQFKX\ӇQGR1KjQѭӟFWKӵFKLӋQYj9ұQFKX\ӇQEѭXSKҭPÿLӅX
&{QJѭӟFYүQiSGөQJÿӕLYӟLYLӋFYұQFKX\ӇQGR1KjQѭӟFKRһFFiFFѫTXDQ
F{QJTX\ӅQÿѭӧFWKjQKOұSKӧSSKiSWKӵFKLӋQYӟLÿLӅXNLӋQOjYLӋFYұQFKX\ӇQ
ÿyQҵPWURQJFiFÿLӅXNLӋQTX\ÿӏQKWҥLĈLӅX
7URQJYLӋFYұQFKX\ӇQEѭXJӣLWKѭWjLOLӋXEѭXNLӋQ«QJѭӡLYұQFKX\ӇQFKӍ
FKӏXWUiFKQKLӋPÿӕLYӟLWәFKӭFEѭXFKtQKFyOLrQTXDQWKHRFiFTX\WҳFiSGөQJ
FKRPӕLTXDQKӋJLӳDQJѭӡLYұQFKX\ӇQYjWәFKӭFEѭXFKtQK ÿy
7UӯWUѭӡQJKӧSÿѭӧFTX\ÿӏQKWҥLNKRҧQFӫDĈLӅXQj\FiFTX\ÿӏQKFӫD&{QJ
ѭӟFQj\VӁNK{QJiSGөQJÿӕLYӟLYLӋFYұQFKX\ӇQEѭXJӱL
&KѭѫQJ&KӭQJWӯYjQJKƭDYөFӫDFiFErQOLrQTXDQ
ÿӃQYLӋFYұQFKX\ӇQKjQKNKiFKKjQKOêYjKjQJKyD
+jQKNKiFKYjKjQKOêÿLӅX
ĈӕLYӟLYLӋFYұQFKX\ӇQKjQKNKiFKPӝWFKӭQJWӯYұQFKX\ӇQYpFiQKkQKRһF
WұSWKӇVӁÿѭӧFJLDR WURQJÿyQrXU}QѫLNKӣLKjQK QѫLÿӃQ YjÿLӇPGӯQJWKRҧ
WKXұQQӃXFy± WUѭӡQJKӧSQѫLNKӣLKjQKYjQѫLÿӃQWURQJFQJPӝWTXӕFJLD
&yWKӇOjFKӭQJWӯJLҩ\WUX\ӅQWKӕQJKRһFFKӭQJWӯÿLӋQWӱNKRҧQÿLӅX
1JѭӡLYұQFKX\ӇQJLDRFKRKjQKNKiFKWKҿQKұQGҥQJKjQKOêFKRWӯQJNLӋQ
KjQKOêNêJӱL
+jQKNKiFKVӁÿѭӧFWK{QJEiREҵQJYăQEҧQYӅYLӋF&{QJѭӟFQj\ÿѭӧFiS
GөQJ YjVӁFKLSKӕLYjJLӟLKҥQWUiFKQKLӋPSKiSOêFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟL
WUѭӡQJKӧSWӱYRQJKRһFWKѭѫQJWұWYjÿӕLYӟLVӵSKiKӫ\ PҩWPiW KѭKӓQJÿӕL
YӟLKjQKOêYjVӵFKұPWUӉ
9LӋFNK{QJWXkQWKӫFiFTX\ÿӏQKWUrQÿk\NK{QJҧQKKѭӣQJÿӃQVӵWӗQWҥLKRһF
KLӋXOӵFFӫDKӧSÿӗQJYұQFKX\ӇQ
&KѭѫQJWLӃSWKHR
+jQJKyD ÿLӅX
ĈӕLYӟLYLӋFYұQFKX\ӇQKjQJKyDPӝWYұQÿѫQKjQJNK{QJSKҧLÿѭӧFJLDR $LU:D\ELOO
± $:%KRһF$LU&RQVLJQPHQWQRWH
%ҩWNǤSKѭѫQJWLӋQQjRNKiFOѭXJLӳKӗVѫYӅYLӋFYұQFKX\ӇQVӁÿѭӧFWKӵFKLӋQFyWKӇ
ÿѭӧFWKD\WKӃFKRYLӋFJLDRYұQÿѫQKjQJNK{QJ1ӃXFiFSKѭѫQJWLӋQNKiFÿyÿѭӧFVӱ
GөQJQӃXQJѭӡLJӱLKjQJ\rXFҫXQJѭӡLYұQFKX\ӇQSKҧLJLDRFKRQJѭӡLJӱLKjQJELrQ
ODLKjQJKyDFKRSKpSQKұQGҥQJO{KjQJYjWLӃSFұQWK{QJWLQWURQJKӗVѫÿѭӧFOѭXJLӳ
EҵQJFiFSKѭѫQJWLӋQNKiFÿy HB$:%
9LӋFNK{QJWXkQWKӫFiFTX\ ҧQKKѭӣQJÿӃQVӵWӗQÿӏQKWӯÿLӅXÿӃQÿLӅX VӁNK{QJ
WҥLKRһFKLӋXOӵFFӫDKӧSÿӗQJYұQFKX\ӇQ ± F{QJѭӟFYүQÿѭӧFiSGөQJ[HPÿLӅX
1ӝLGXQJFӫDYұQÿѫQKjQJNK{QJKRһFELrQODL KjQJKyD ÿLӅX JӗP
&KӍGүQQѫLNKӣLKjQKYjQѫLÿӃQ FKRWKҩ\OjӣKDLTXӕFJLDNKiFQKDX
1ӃXÿLӇPNKӣLKjQKYjÿLӇPÿӃQQҵPWURQJOmQKWKәFӫDPӝW4XӕFJLDWKjQKYLrQGX\
QKҩWWKuPӝWKRһFQKLӅXÿLӇPGӯQJÿmWKӓDWKXұQQҵPWURQJOmQKWKәFӫDPӝW4XӕFJLD
NKiFPӝWGҩXKLӋXFӫDtWQKҩWPӝWÿLӇPGӯQJQKѭYұ\Yj
0ӝWGҩXKLӋXYӅWUӑQJOѭӧQJFӫDO{KjQJ
0ӝWVӕOѭXê
³H$:%´OjWKXұWQJӳ,$7$VӱGөQJÿӇP{WҧYLӋFWUDRÿәLFiF7K{QJÿLӋSGӳOLӋX
ÿLӋQWӱ(',WKD\FKR$:%EҵQJJLҩ\ÿӇNêNӃWKӧSÿӗQJYұQFKX\ӇQ;HPWjLOLӋX
HB$:%]LSWӯQJj\H$:%OjEҳWEXӝF$:%OjWXǤFKӑQ
³6KLSPHQWUHFRUG´DQ\UHFRUGRIWKHFRQWUDFWRIFDUULDJHSUHVHUYHGE\FDUULHU
HYLGHQFHGE\PHDQVRWKHUWKDQDQ$LU:D\ELOO ˿ ͷ Ǥ ˿
ͻ ÿ ÿͻ ͵ · ÿͻ ΁
˿ ÿ˿
³&DUJR5HFHLSW´RU³5HFHLSWIRUWKH&DUJR´VKDOOPHDQDGRFXPHQWLQSDSHURU
HOHFWURQLFIRUPZKLFKLVSURYLGHGWRWKHVKLSSHUE\WKH&DUULHUFUHDWLQJD6KLSPHQW
5HFRUGZKLFKVKDOOEHGHHPHGWRHIIHFWD&DUJR&RQWUDFWIRUDFDUJRVKLSPHQW
LGHQWLILDEOHRQVXFK&DUJR5HFHLSW
ƭ ͱ ÿ ΅ ÿͻ ͵ ΅
ͷ ͵ ˿ ͷ ÿͻ Ή ͻ
ÿ ͱ ÿͻ
ÿ
%LrQODLKjQJKyDYӅPӑLPһWVӁÿѭӧFFRLOjWKD\WKӃKRjQWRjQFKRYұQÿѫQKjQJ
NK{QJFӫD+mQJYұQFKX\ӇQ&iFNKtDFҥQKNӻWKXұWFӫD%LrQQKұQKjQJKyDVӁ
ÿѭӧFP{WҧWURQJ1JKӏTX\ӃWJFӫD,$7$
&DUJR5HFHLSW
&KѭѫQJWLӃSWKHR
&KӭQJWӯOLrQTXDQÿӃQWtQKFKҩWFӫDKjQJKyD ÿLӅX1JѭӡLJӱLKjQJFy
WKӇÿѭӧF\rXFҫXQӃXFҫQWKLӃWÿӇÿiSӭQJFiFWKӫWөFFӫDKҧLTXDQFҧQK
ViWYjFiFFѫTXDQF{QJTX\ӅQWѭѫQJWӵÿӇFXQJFҩSPӝWWjLOLӋXFKRELӃW
EҧQFKҩWFӫDKjQJKyDĈLӅXNKRҧQQj\WҥRUDFKRQJѭӡLYұQFKX\ӇQNK{QJ
FyQKLӋPYөQJKƭDYөKRһFWUiFKQKLӋPSKiWVLQKWӯÿy
&KӭQJWӯ FKRQKLӅXNLӋQKjQJ ĈLӅXNKLFyQKLӅXKѫQPӝWNLӋQKjQJ
1JѭӡLYұQFKX\ӇQKjQJKyDFyTX\ӅQ\rXFҫXQJѭӡLJӱLKjQJOұSFiFYұQÿѫQ
KjQJNK{QJULrQJELӋW
1JѭӡLJӱLKjQJFyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQJLDRELrQQKұQKjQJKyD
ULrQJNKLVӱGөQJYұQÿѫQÿLӋQWӱ
&KѭѫQJWLӃSWKHR
0{WҧYұQÿѫQKjQJNK{QJÿLӅX9ұQÿѫQKjQJNK{QJGRQJѭӡLJӱLKjQJ
OұSWKjQKEDEҧQJӕFYӟLFKӳNêFӫDQJѭӡLYұQFKX\ӇQYjQJѭӡLJӱLKjQJFy
WKӇÿѭӧFLQKRһFÿyQJGҩX
%ҧQJӕFÿҫXWLrQÿѭӧFÿiQKGҩX³GjQKFKRQJѭӡLFKX\rQFKӣ´IRUWKHFDUULHU
QyVӁÿѭӧFNêEӣLQJѭӡLJӱLKjQJ
%ҧQWKӭKDLÿѭӧFÿiQKGҩX³GjQKFKRQJѭӡLQKұQKjQJ´IRUWKHFRQVLJQHHQy
VӁÿѭӧFNêEӣLQJѭӡLJӱLKjQJYjQJѭӡLYұQFKX\ӇQ
%ҧQWKӭEDFyGҩX³GjQKFKRQJѭӡLJӣLKjQJ´IRUVKLSSHUGRQJѭӡLYұQFKX\ӇQ
NêYjJLDROҥLFKRQJѭӡLJӱLKjQJVDXNKLKjQJKRiÿѭӧFFKҩSQKұQYұQFKX\ӇQ
9ұQÿѫQKjQJNK{QJWKHRQJKӏTX\ӃWDYjEFӫD,$7$
1JKӏTX\ӃWD9ұQÿѫQKjQJNK{QJ$:%ÿѭӧFOұSWKjQKQKLӅXEҧQYӟL
KuQKWKӭFQӝLGXQJOұSFiFKFKX\ӇQJLDRYұQÿѫQWKHRTX\ÿӏQKFӫD,$7$WjL
OLӋX,$7$5HVROXWLRQVD YӟLKDLWjLOLӋXÿtQKNqP$Yj%
1JKӏTX\ӃWE<rXFҫXPһWVDXFӫDYұQÿѫQKjQJNK{QJSKҧLJKLU}FiF
WK{QJEiRYӅJLӟLKҥQWUiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQYjFiFÿLӅXNLӋQFӫD
KӧSÿӗQJWjLOLӋX,$7$5HVROXWLRQVE
ĈӕLYӟLYұQÿѫQKjQJNK{QJEҵQJJLҩ\YӟLFKӳNêFӫDPuQKWUrQ$:%QJѭӡLJӱL
KjQJÿӗQJWKӡL[iFQKұQUҵQJDQKWDÿӗQJêYӟLFiFĈLӅXNLӋQKӧSÿӗQJÿѭӧF
TX\ÿӏQKӣPһWVDXFӫDYұQÿѫQKjQJNK{QJYjYӟLFiFĈLӅXNLӋQFKX\rQFKӣ
ĈӕLYӟLYұQÿѫQKjQJNK{QJÿLӋQWӱ H± $:%YӟLFKӳNêFӫDPuQKWUrQ³&KӍWKӏ
WKѭJӱLKjQJ´ 6KLSSHU¶V /HWWHURILQVWUXFWLRQ± 6/,QJѭӡLJӱLKjQJÿӗQJWKӡL[iF
QKұQÿӗQJêYӟLĈLӅXNLӋQFӫDKӧSÿӗQJQj\YjFiFTX\ÿӏQKNKiFÿѭӧFQrXU}
WUrQZHEVLWHFӫDKmQJYұQWҧLKjQJNK{QJ
;HPWjLOLӋXĈLӅXNLӋQKӧSÿӗQJYjÿLӅXNLӋQFKX\ӇQFӫD91$LUOLQH
&KѭѫQJWLӃSWKHR
7UiFKQKLӋPYӅFiFFKLWLӃWFӫDFKӭQJWӯÿLӅX
1JѭӡLJӣLKjQJQJѭӡLÿҥLGLӋQFKRKӑSKҧLFXQJFҩSWK{QJWLQÿӇÿLӅQYjR$:%KRһF
6KLSPHQW5HFRUG3KҧLEӗLWKѭӡQJFKRQJѭӡLFKX\rQFKӣPӑLWKLӋWKҥLQӃXWK{QJWLQVDL
NK{QJÿҫ\ÿӫ«
1JѭӡLYұQFKX\ӇQSKҧLEӗLWKѭӡQJFKRQJѭӡLJӣLKjQJQӃXÿLӅQVDLWK{QJWLQ
*LiWUӏFKӭQJPLQKFӫDFKӭQJWӯÿLӅX$:%KRһF%LrQODLKjQJKRi&DUJR
5HFHLSW OjEҵQJFKӭQJYӅYLӋFNêNӃWKӧSÿӗQJ YjYLӋFFKҩSQKұQKjQJKyDYjFiF
ÿLӅXNLӋQYұQFKX\ӇQÿѭӧFÿӅFұSWURQJÿy 0ӑLWK{QJWLQFӫD$:%KRһF+ӗVѫ
KjQJKRiÿӅXFyJLiWUӏPLQKFKӭQJ
4X\ӅQÿӏQKÿRҥWKjQJKyD ÿLӅX± TX\ӅQWKXKӗLKjQJFӫDQJѭӡLJӣLKjQJ
*LDRKjQJÿLӅX± TX\ӅQÿѭӧFQKұQKjQJFӫDQJѭӡLQKұQ
7KӫWөF+ҧLTXDQ&ҧQKViWKRһF&ѫTXDQ&{QJTX\ӅQNKiF ÿLӅX± 1JѭӡLJӣL
KjQJSKҧLFKӏXWUiFKQKLӋPFXQJFҩSFiFWK{QJWLQOLrQTXDQÿӃQYLӋFOjPKҧLTXDQ
ÿiSӭQJFiF\rXFҫXTXҧQOêFӫDFҧQKViWKRһFFiFFѫ TXDQF{QJTX\ӅQNKiF
1JѭӡLYұQFKX\ӇQNK{QJFyWUiFKQKLӋP[iFWKӵFWtQKFKtQK[iFFӫDWK{QJWLQ
&KѭѫQJ7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQYj PӭFEӗLWKѭӡQJ
WKLӋWKҥL
ĈLӅX 7ӱYRQJ WKѭѫQJWtFKFӫDKjQKNKiFK WKLӋWKҥLÿӕLYӟLKjQKOê
1JѭӡLYұQFKX\ӇQFKӍFKӏXWUiFKQKLӋPÿӕLYӟLKjQKNKiFKNKLVӵNLӋQ[ҧ\UDWUrQ
Pi\ED\KRһFWURQJTXiWUuQKWKӵFKLӋQEҩWNǤKRҥWÿӝQJQjRNKLOrQKRһF[XӕQJ
Pi\ ED\
1JѭӡLYұQFKX\ӇQFKӏXWUiFKQKLӋPYӅWKLӋWKҥLÿӕLYӟLKjQKOêNêJӱLQӃXVӵNLӋQ
[ҧ\UDWUrQPi\ED\KRһFWURQJEҩWNǤNKRҧQJWKӡLJLDQKjQKOêÿѭӧFNêJӱL
ĈӕLYӟLKjQKOêKjQKNKiFKWӵTXҧQOêQJѭӡLYұQFKX\ӇQSKҧLFKӏXWUiFKQKLӋP
QӃXWKLӋWKҥLGROӛLFӫDKӑKRһFFӫDQKkQYLrQKRһFÿҥLOêFӫDKӑ
1ӃXQJѭӡLYұQFKX\ӇQWKӯDQKұQYLӋFPҩWKjQKOêNêJӱLKRһFQӃXKjQKOêNê
JӱLYүQFKѭDÿӃQNKLKӃWWKӡLKҥQKDLPѭѫLPӕWQJj\NӇWӯQJj\OӁUDKjQKOê
SKҧLÿӃQKjQKNKiFKFyTX\ӅQWKӵFWKLÿӕLYӟLQJѭӡLYұQFKX\ӇQFiFTX\ӅQ
PjSKiWVLQKWӯKӧSÿӗQJYұQWҧL
&KѭѫQJWLӃSWKHR
ĈLӅX7KLӋWKҥLÿӕLYӟLKjQJKyD
1JѭӡLYұQFKX\ӇQFKӍFKӏXWUiFKQKLӋPYӅWKLӋWKҥL[ҧ\UDWURQJWUѭӡQJKӧSKjQJKyDEӏ
WLrXKӫ\PҩWPiWKѭKӓQJYӟLÿLӅXNLӋQVӵNLӋQJk\UDWKLӋWKҥL[ҧ\UDWURQJTXiWUuQK
YұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
1JѭӡLYұQFKX\ӇQNK{QJFKӏXWUiFKQKLӋPQӃXYjWURQJSKҥPYLQJѭӡLYұQFKX\ӇQ
FKӭQJPLQKÿѭӧFUҵQJYLӋFSKiKӫ\PҩWPiWKRһFKѭKӓQJKjQJKyDOjGRPӝWKRһF
QKLӅXQJX\rQQKkQVDX
DNKLӃPNKX\ӃWYӕQFyFKҩWOѭӧQJKRһFNKX\ӃWÿLӇPFӫDKjQJKyDÿy
EYLӋFÿyQJJyLKjQJKyDÿyEӏOӛLGRPӝWQJѭӡLNK{QJSKҧLOjQJѭӡLYұQFKX\ӇQKRһFQJѭӡL
OjPF{QJKRһFÿҥLOêFӫDQJѭӡLYұQFKX\ӇQWKӵFKLӋQ
FPӝWKjQKÿӝQJFKLӃQWUDQKKRһF[XQJÿӝWYNJWUDQJ
GPӝWKjQKÿӝQJFӫDFѫTXDQF{QJTX\ӅQÿѭӧFWKӵFKLӋQOLrQTXDQÿӃQYLӋFQKұSFҧQK[XҩW
FҧQKKRһFTXiFҧQKKjQJKyD
9LӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJEDRJӗPNKRҧQJWKӡLJLDQKjQJKyDQҵPGѭӟL
TX\ӅQFӫDQJѭӡLYұQFKX\ӇQ9LӋFYұQFKX\ӇQEҵQJÿѭӡQJEӝÿѭӡQJELӇQKRһFÿѭӡQJ
WKӫ\QӝLÿӏDÿѭӧFWKӵFKLӋQErQQJRjLVkQED\NK{QJWKXӝFWUiFKQKLӋPFӫDQJѭӡLYұQ
FKX\ӇQWUӯPӝWVӕWUѭӡQJKӧSFөWKӇ
&KѭѫQJWLӃSWKHR
ĈLӅX± &KұPWUӉ
1JѭӡLYұQFKX\ӇQSKҧLFKӏXWUiFKQKLӋPYӅQKӳQJWKLӋWKҥLGRFKұPWUӉWURQJYLӋF
YұQFKX\ӇQKjQKNKiFKKjQKOêKRһFKjQJKyDEҵQJÿѭӡQJKjQJNK{QJ
1ӃXQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFKӑYjQKӳQJQJѭӡLOjPF{QJYjÿҥLOê
FӫDKӑÿmiSGөQJPӑLELӋQSKiSFҫQWKLӃWÿӇWUiQKWKLӋWKҥLKRһFKӑNK{QJWKӇ
WKӵFKLӋQFiFELӋQSKiSÿy WKuKӑVӁNK{QJSKҧLFKӏXWUiFKQKLӋPYӅVӵFKұPWUӉ
ĈLӅX 0LӉQWUӯ
1ӃXQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJWKLӋWKҥLOjGRVѫVXҩWKRһFKjQK
ÿӝQJVDLWUiLNKiFKRһFWKLӃXVyWFӫDQJѭӡL\rXFҫXEӗLWKѭӡQJKRһFFӫDQJѭӡL
PjKӑQKұQÿѭӧFFiFTX\ӅQFӫDPuQKWKuQJѭӡLYұQFKX\ӇQVӁÿѭӧFPLӉQWUiFK
WRjQEӝKRһFPӝWSKҫQÿӕLYӟLWKLӋWKҥLWKXӝFWUiFKQKLӋPSKiSOêFӫDPuQK
.KLPӝWQJѭӡLNK{QJSKҧLOjKjQKNKiFK\rXFҫXEӗLWKѭӡQJYuOêGRWӱYRQJ
KRһFWKѭѫQJWұWFӫDKjQKNKiFKQJѭӡLYұQFKX\ӇQFNJQJVӁÿѭӧFPLӉQWUӯWRjQ
EӝKRһFPӝWSKҫQWUiFKQKLӋPFӫDPuQKWURQJSKҥPYLFKӭQJPLQKÿѭӧFUҵQJ
WKLӋWKҥLOjGRVѫVXҩWJk\UDKRһFJySSKҫQJk\UDKRһFKjQKÿӝQJKRһFWKLӃX
VyWVDLWUiLNKiFFӫDKjQKNKiFKÿy
&KѭѫQJWLӃSWKHR
ĈLӅX%ӗLWKѭӡQJWURQJWUѭӡQJKӧSKjQKNKiFKFKӃWKRһFEӏWKѭѫQJ
ĈӕLYӟLQKӳQJWKLӋWKҥLSKiWVLQKWKHRNKRҧQĈLӅXNK{QJӧWTXi
6'5KLӋQWҥLOj FKRPӛLKjQKNKiFKQJѭӡLYұQFKX\ӇQNK{QJWKӇORҥL
WUӯKRһFJLӟLKҥQWUiFKQKLӋPFӫDPuQK WUӯWUѭӡQJKӧSGROӛLFӫDKjQKNKiFK
ÿѭӧFTX\ÿӏQKWҥLÿLӅX
1JѭӡLYұQFKX\ӇQVӁNK{QJFKӏXWUiFKQKLӋPÿӕLYӟLFiFWKLӋWKҥLSKiWVLQKWKHR
NKRҧQĈLӅXWURQJSKҥPYLYѭӧWTXi6'5KLӋQWҥLOjÿӕL
YӟLPӛLKjQKNKiFKQӃXQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJ
DWKLӋWKҥLÿyNK{QJSKҧLGRVѫVXҩWKRһFKjQKÿӝQJKRһFWKLӃXVyWVDLWUiLNKiFFӫD
QJѭӡLYұQFKX\ӇQKRһFQJѭӡLOjPF{QJKRһFÿҥLOêFӫDKӑKRһF
EWKLӋWKҥLÿyKRjQWRjQGRVѫVXҩWKRһFKjQKÿӝQJKRһFWKLӃXVyWVDLWUiLNKiFFӫD
ErQWKӭED
&KѭѫQJWLӃSWKHR
/ѭXê
7UѭӡQJKӧSKjQKNKiFKNKDLEiRJLiWUӏKjQKOê"
7UѭӡQJKӧSQJѭӡLJӣLKjQJNKDLEiRJLiWUӏKjQJKRi"
7UѭӡQJKӧSKjQJKRiKѭKӓQJPӝWSKҫQ"
7UѭӡQJKӧSQJѭӡLYұQFKX\ӇQQJѭӡLOjPF{QJKRһFÿҥLOêFӫDKӑFӕWuQKSKiKRҥL"
7ӯ0&ĈѫQYӏĈLӅX
6'5+jQKNKiFK.KRҧQ&KұPWUӉWURQJYұQFKX\ӇQKjQK
NKiFK
6'5+jQKNKiFK.KRҧQ+jQKOêEӏSKiKӫ\PҩWPiWKѭ
KӓQJKRһFFKұPWUӉ
6'5.J.KRҧQ+jQKOêEӏSKiKӫ\PҩWPiWKѭ
KӓQJKRһFFKұPWUӉ
ĈLӅX *LӟLKҥQWUiFKQKLӋPOLrQTXDQÿӃQYLӋFFKұPWUӉKjQKOêYj
KjQJKyD Î 0ӭFWUiFKQKLӋPWӕLÿDFӫDQJѭӡLYұQFKX\ӇQNKLKjQKNKiFK
QJѭӡLJӣLKjQJQJѭӡLFyTX\ӅQFKӭQJPuQKÿѭӧFWKLӋWKҥLOj
&KѭѫQJWLӃSWKHR
ĈLӅX &KX\ӇQÿәLÿѫQYӏWLӅQWӋ
ĈLӅX ;HP[pWFiFJLӟLKҥQ &iFJLӟLKҥQӣÿLӅXÿѭӧFÿӏQKNǤ[HP[pW
WKHRTX\ÿӏQKFӫD&{QJѭӟFYjVӁFyKLӋXOӵFWKHRTX\ÿӏQKFӫD&{QJѭӟF
ĈLӅX 4X\ÿӏQKYӅKҥQPӭF1JѭӡLFKX\rQFKӣFyWKӇTX\ÿӏQKUҵQJKӧSÿӗQJ
YұQFKX\ӇQSKҧLFKӏXQKӳQJJLӟLKҥQWUiFKQKLӋPFDRKѫQQKӳQJJLӟLKҥQWUiFK
QKLӋPTX\ÿӏQKWURQJ&{QJѭӟFQj\KRһFNK{QJFyEҩWNǤJLӟLKҥQWUiFKQKLӋPQjR
ĈLӅX 6ӵY{KLӋXFӫDFiFÿLӅXNKRҧQWURQJKӧSÿӗQJ%ҩWNǤÿLӅXNKRҧQQjR
Fy[XKѭӟQJOjPJLҧPWUiFKQKLӋPFӫDQJѭӡLFKX\rQFKӣKRһFҩQÿӏQKPӝWJLӟLKҥQ
WKҩSKѫQJLӟLKҥQÿѭӧFTX\ÿӏQKWURQJ&{QJѭӟFQj\VӁY{KLӋXYjVӵY{KLӋXFӫD
EҩWNǤÿLӅXNKRҧQQjRQKѭYұ\NK{QJOLrQTXDQÿӃQVӵY{KLӋXFӫDWRjQEӝKӧS
ÿӗQJWXkQWKHRFiFTX\ÿӏQKFӫD&{QJѭӟFQj\
ĈLӅX 7ӵGRNêNӃWKӧSÿӗQJ.K{QJQӝLGXQJQjRWURQJ&{QJѭӟFQj\QJăQ
FҧQQJѭӡLFKX\rQFKӣWӯFKӕLNêNӃWKӧSÿӗQJWӯEӓEҩWNǤELӋQSKiSEҧRYӋQjR
FyVҹQWKHR&{QJѭӟFKRһFÿһWUDFiFÿLӅXNLӋQNK{QJPkXWKXүQYӟLFiFTX\ÿӏQK
FӫD&{QJѭӟFQj\
&KѭѫQJWLӃSWKHR
ĈLӅX &KX\ӇQÿәLÿѫQYӏWLӅQWӋ
ĈLӅX ;HP[pWFiFJLӟLKҥQ &iFJLӟLKҥQӣÿLӅXÿѭӧFÿӏQKNǤ[HP[pW
WKHRTX\ÿӏQKFӫD&{QJѭӟFYjVӁFyKLӋXOӵFWKHRTX\ÿӏQKFӫD&{QJѭӟF
ĈLӅX 4X\ÿӏQKYӅKҥQPӭF1JѭӡLFKX\rQFKӣFyWKӇTX\ÿӏQKUҵQJKӧSÿӗQJ
YұQFKX\ӇQSKҧLFKӏXQKӳQJJLӟLKҥQWUiFKQKLӋPFDRKѫQQKӳQJJLӟLKҥQWUiFK
QKLӋPTX\ÿӏQKWURQJ&{QJѭӟFQj\KRһFNK{QJFyEҩWNǤJLӟLKҥQWUiFKQKLӋPQjR
ĈLӅX 6ӵY{KLӋXFӫDFiFÿLӅXNKRҧQWURQJKӧSÿӗQJ%ҩWNǤÿLӅXNKRҧQQjR
Fy[XKѭӟQJOjPJLҧPWUiFKQKLӋPFӫDQJѭӡLFKX\rQFKӣKRһFҩQÿӏQKPӝWJLӟLKҥQ
WKҩSKѫQJLӟLKҥQÿѭӧFTX\ÿӏQKWURQJ&{QJѭӟFQj\VӁY{KLӋXYjVӵY{KLӋXFӫD
EҩWNǤÿLӅXNKRҧQQjRQKѭYұ\NK{QJOLrQTXDQÿӃQVӵY{KLӋXFӫDWRjQEӝKӧS
ÿӗQJWXkQWKHRFiFTX\ÿӏQKFӫD&{QJѭӟFQj\
ĈLӅX 7ӵGRNêNӃWKӧSÿӗQJ.K{QJQӝLGXQJQjRWURQJ&{QJѭӟFQj\QJăQ
FҧQQJѭӡLFKX\rQFKӣWӯFKӕLNêNӃWKӧSÿӗQJWӯEӓEҩWNǤELӋQSKiSEҧRYӋQjR
FyVҹQWKHR&{QJѭӟFKRһFÿһWUDFiFÿLӅXNLӋQNK{QJPkXWKXүQYӟLFiFTX\ÿӏQK
FӫD&{QJѭӟFQj\
&KѭѫQJWLӃSWKHR
ĈLӅX 7KDQKWRiQWҥPӭQJ 7URQJWUѭӡQJKӧSWDLQҥQPi\ED\GүQÿӃQ
KjQKNKiFKWӱYRQJKRһFEӏWKѭѫQJ ± &yWKӇWҥPӭQJ
ĈLӅX &ăQFӭ\rXFҫXEӗLWKѭӡQJ EҩWNǤKjQKÿӝQJÿzLEӗLWKѭӡQJWKLӋW
KҥLQjRGGӵDWUrQFѫVӣQjRFKRGWKHR&{QJѭӟFQj\KD\WKHRKӧS
ÿӗQJKD\QJRjLKӧSÿӗQJ« FKӍFyWKӇÿѭӧFÿѭDUDWKHRFiFÿLӅXNLӋQYjJLӟL
KҥQWUiFKQKLӋPSKiSOêÿѭӧFTX\ÿӏQKWURQJ&{QJѭӟFQj\
ĈLӅX 1JѭӡLSKөFYөĈҥLOê 7әQJKӧSFiF\rXFҫXEӗLWKѭӡQJ
1ӃXPӝWKjQKÿӝQJFKӕQJOҥLQJѭӡLOjPF{QJKRһFÿҥLOêFӫDQJѭӡLFKX\rQFKӣ
SKiWVLQKWӯWKLӋWKҥLWKuQJѭӡLOjPF{QJKRһFÿҥLOêFyTX\ӅQFKӭQJPLQKKӑÿm
KjQKÿӝQJWURQJSKҥPYLF{QJYLӋFFӫDPuQK YjKӑFyTX\ӅQiSGөQJFiFÿLӅX
NLӋQYjFiFJLӟLKҥQWUiFKQKLӋPPjQJѭӡLFKX\rQFKӣFyTX\ӅQYLӋQGүQWKHR
&{QJѭӟFQj\
7әQJVӕWLӅQWKXWӯQJѭӡLFKX\rQFKӣQJѭӡLOjPF{QJYjÿҥLOêFӫDQJѭӡL
FKX\rQFKӣ NK{QJÿѭӧFYѭӧWTXiJLӟLKҥQ
&KѭѫQJWLӃSWKHR
ĈLӅX 7K{QJEiRNKLӃXQҥLNӏSWKӡL
%LrQQKұQFӫDQJѭӡLFyTX\ӅQJLDRKjQKOêNêJӱLKRһFKjQJKyDPjNK{QJFyNKLӃXQҥL
OjEҵQJFKӭQJU}UjQJUҵQJKjQJKyDKRһFKjQKOêNêJӱLÿyÿmÿѭӧFJLDRWURQJWuQK
WUҥQJWӕWYjSKKӧSYӟLFKӭQJWӯKRһFKӗVѫYұQFKX\ӇQ
7URQJWUѭӡQJKӧSEӏKѭKӓQJQJѭӡLFyTX\ӅQQKұQKjQJSKҧLNKLӃXQҥLQJD\YӟLQJѭӡL
YұQFKX\ӇQVDXNKLSKiWKLӋQUDKѭKӓQJYjFKұPQKҩWOj
Eҧ\QJj\NӇWӯQJj\QKұQÿӕLYӟLKjQKOêNêJӱL
PѭӡLEӕQQJj\NӇWӯQJj\QJj\QKұQKjQJ
7UѭӡQJKӧSFKұPWUӉNKLӃXQҥLSKҧLÿѭӧFWKӵFKLӋQFKұPQKҩWWURQJYzQJKDLPѭѫLPӕW
QJj\NӇWӯQJj\KjQKOêKRһF ҥWFӫDQJѭӡLÿyKjQJKyDÿmÿѭӧFÿһWGѭӟLTX\ӅQÿӏQKÿR
0ӑLNKLӃXQҥLSKҧLÿѭӧFWKӵFKLӋQEҵQJYăQEҧQYjÿѭӧFÿѭDUDKRһFJӱLÿLWURQJWKӡL
JLDQQrXWUrQ
1ӃXNK{QJFyNKLӃXQҥLQjRÿѭӧFÿѭDUDWURQJWKӡLJLDQQyLWUrQWKuVӁNK{QJFyKjQK
ÿӝQJQjRFKӕQJOҥLQJѭӡLYұQFKX\ӇQQJRҥLWUӯWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQJLDQOұQ
&KѭѫQJWLӃSWKHR
ĈLӅX 1JѭӡLFyWUiFKQKLӋP TXDÿӡL7URQJWUѭӡQJKӧSQJѭӡLFyWUiFK
QKLӋPSKiSOêTXDÿӡLYLӋFNKӣLNLӋQÿzLEӗLWKѭӡQJWKLӋWKҥLSKKӧSYӟLFiF
ÿLӅXNKRҧQFӫD&{QJѭӟFQj\ÿӕLYӟLQKӳQJQJѭӡLÿҥLGLӋQKӧSSKiSFKRWjL
VҧQFӫDQJѭӡLÿy
ĈLӅX± 7KҭPTX\ӅQ[pW[ӱ9LӋFNKӣLNLӋQÿzLEӗLWKѭӡQJWKLӋWKҥLSKҧL
ÿѭӧFÿѭDUDWKHRVӵOӵDFKӑQFӫDQJX\rQÿѫQWUrQOmQKWKәFӫDPӝW
WURQJFiF4XӕFJLDWKjQKYLrQWҥLWzDiQQѫLQJѭӡLYұQFKX\ӇQFѭWU~KRһF
QѫLNLQKGRDQKFKtQKFӫDQJѭӡLYұQFKX\ӇQKRһFQѫLQJѭӡLYұQFKX\ӇQFy
ÿӏDÿLӇPNLQKGRDQKPjTXDÿyKӧSÿӗQJÿmÿѭӧFWKӵFKLӋQKRһFWҥLWzD
iQWҥLQѫLÿӃQ«
ĈLӅX 7UӑQJWjL FiFErQWURQJKӧSÿӗQJYұQFKX\ӇQKjQJKyDFyWKӇTX\
ÿӏQKUҵQJPӑLWUDQKFKҩSOLrQTXDQÿӃQWUiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQ
WKHR&{QJѭӟFQj\VӁÿѭӧFJLҧLTX\ӃWEҵQJWUӑQJWjL7KRҧWKXұQWUӑQJWjL
SKҧLOjPWKDQKYăQEҧQWKӫWөFWӕWөQJWUӑQJWjLWKHROӵDFKӑQFӫDQJX\rQ
ÿѫQVӁGLӉQUDWҥLPӝWWURQJFiFNKXYӵFWjLSKiQÿѭӧFÿӅFұSWҥLĈLӅX«
&KѭѫQJWLӃSWKHR
ĈLӅX *LӟLKҥQKjQKÿӝQJ 4X\ӅQ\rXFҫXEӗLWKѭӡQJWKLӋWKҥLVӁEӏKӫ\EӓQӃXYLӋFNKӣLNLӋQ
NK{QJÿѭӧFWKӵFKLӋQWURQJWKӡLKҥQKDLQăPWtQKWӯQJj\Pi\ED\ÿӃQÿLӇPÿӃQKRһFNӇWӯQJj\OӁ
UDPi\ED\ÿmÿӃQKRһFWӯQJj\PjYLӋFFKX\rQFKӣNӃWWK~F
ĈLӅX 9ұQFKX\ӇQQӕLWLӃS
7URQJWUѭӡQJKӧSYLӋFYұQFKX\ӇQGRQKLӅXQJѭӡLYұQFKX\ӇQQӕLWLӃSQKDXWKӵFKLӋQPӛLQJѭӡLYұQ
FKX\ӇQWLӃSQKұQKjQKNKiFKKjQKOêKRһFKjQJKyDÿӅXSKҧLWXkQWKHRFiFTX\WҳFTX\ÿӏQKWURQJ
&{QJѭӟFQj\YjÿѭӧFFRLOjOjPӝWWURQJFiFErQFӫDKӧSÿӗQJYұQFKX\ӇQWURQJFKӯQJPӵFPjKӧS
ÿӗQJÿӅFұSÿӃQSKҫQYұQFKX\ӇQÿyÿѭӧFWKӵFKLӋQGѭӟLVӵJLiPViWFӫDPuQK
7URQJWUѭӡQJKӧSYұQFKX\ӇQFyWtQKFKҩWQKѭYұ\KjQKNKiFKKRһFEҩWNǤQJѭӡLQjRFyTX\ӅQÿѭӧF
EӗLWKѭӡQJÿӕLYӟLKӑFKӍFyWKӇNKӣLNLӋQQJѭӡLYұQFKX\ӇQÿmWKӵFKLӋQYLӋFYұQFKX\ӇQPjWURQJ
WKӡLJLDQÿyÿm[ҧ\UDWDLQҥQKRһFFKұPWUӉWUӯWUѭӡQJKӧSWKHRWKӓDWKXұQU}UjQJQJѭӡLYұQ
FKX\ӇQÿҫXWLrQÿmFKӏXWUiFKQKLӋPFKRWRjQEӝKjQKWUuQK
ĈӕLYӟLKjQKOêKRһFKjQJKyDKjQKNKiFKKRһFQJѭӡLJӱLKjQJVӁFyTX\ӅQNKӣLNLӋQQJѭӡLYұQ
FKX\ӇQÿҫXWLrQYjKjQKNKiFKKRһFQJѭӡLQKұQKjQJFyTX\ӅQQKұQKjQJVӁFyTX\ӅQNKӣLNLӋQ
QJѭӡLYұQFKX\ӇQFXӕLFQJYjKѫQQӳDPӛLQJѭӡLFyWKӇNKӣLNLӋQQJѭӡLYұQFKX\ӇQÿmWKӵFKLӋQ
YLӋFYұQFKX\ӇQPjWURQJWKӡLJLDQÿy[ҧ\UDVӵSKiKӫ\PҩWPiWKѭKӓQJKRһFFKұPWUӉ1KӳQJ
QJѭӡLYұQFKX\ӇQQj\VӁFKӏXWUiFKQKLӋPOLrQÿӟLYjULrQJÿӕLYӟLKjQKNKiFKKRһFQJѭӡLJӱLKjQJ
KRһFQJѭӡLQKұQKjQJ
ĈLӅX 4X\ӅQWUX\ÿzLFKӕQJOҥLErQWKӭED .K{QJFyTX\ÿӏQKQjRWURQJ&{QJѭӟFQj\ҧQK
KѭӣQJÿӃQFkXKӓLOLӋXPӝWQJѭӡLFKӏXWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLWKHRFiFÿLӅXNKRҧQFӫD
&{QJѭӟFFyTX\ӅQWUX\ÿzLEҩWNǤQJѭӡLQjRNKiFKD\NK{QJ
&KѭѫQJ9ұQFKX\ӇQOLrQKӧS
ĈLӅX 9ұQFKX\ӇQOLrQKӧS
7URQJWUѭӡQJKӧSYұQFKX\ӇQOLrQKӧSÿѭӧFWKӵFKLӋQPӝWSKҫQEҵQJÿѭӡQJ
KjQJNK{QJYjPӝWSKҫQEҵQJEҩWNǤSKѭѫQJWKӭFYұQWҧLQjRNKiFFiFTX\ÿӏQK
FӫD&{QJѭӟFQj\WKHRNKRҧQFӫDĈLӅX ÿLӅX 7KLӋWKҥLÿӕLYӟLKjQJ
KyDVӁFKӍiSGөQJFKRYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
.K{QJTX\ÿӏQKQjRWURQJ&{QJѭӟFQj\QJăQFҧQFiFErQWURQJWUѭӡQJKӧSYұQ
FKX\ӇQOLrQKӧSÿѭDYjRFKӭQJWӯFiFÿLӅXNLӋQYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJOLrQTXDQÿӃQFiFSKѭѫQJWKӭFYұQFKX\ӇQNKiFYӟLÿLӅXNLӋQOjFiFTX\
ÿӏQKFӫD&{QJѭӟFQj\ÿѭӧFWXkQWKӫÿӕLYӟLYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJ
&KѭѫQJ9ұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJÿѭӧFWKӵFKLӋQ
EӣLPӝWQJѭӡLNK{QJSKҧLOjKmQJYұQFKX\ӇQWKHRKӧSÿӗQJ
ĈLӅXÿӃQ
&KѭѫQJ
/XұWKjQJNK{QJGkQGөQJ9LӋW1DP
0өF 1ӝLGXQJ
6ӕ
WLӃW
5.1
/ӏFKVӱQJjQKKjQJNK{QJGkQGөQJ9LӋW1DPYj+ӋWKӕQJ
YăQEҧQSKiSOXұWYӅKjQJNK{QJGkQGөQJ
1
5.2
1ӝLGXQJFѫEҧQFӫD/XұWKjQJNK{QJGkQGөQJ9LӋW1DP
ÿѭӧFVӱDÿәLQăP
2
7әQJ 3
1
/ӏFKVӱQJjQKKjQJNK{QJGkQGөQJ9LӋW1DPYj+ӋWKӕQJYăQ
EҧQSKiSOXұWYӅKjQJNK{QJGkQGөQJ+.''
/ӏFKVӱQJjQKKjQJNK{QJGkQGөQJ9LӋW1DP[HPWjLOLӋX
.KӣLÿҫXOjWӯYLӋF[k\GӵQJVkQED\/NJQJ&yWK{QĈӗQJĈRQ[m0LQK7KDQKKX\ӋQ6ѫQ'ѭѫQJWӍQK7X\rQ
4XDQJÿӇYұQFKX\ӇQTXkQVӵFӫDPһWWUұQĈӗQJ0LQKFKR&iFKPҥQJ9LӋW1DP (tháng 6/1946)
6DXQăP9LӋW1DPWLӃSTXҧQVkQED\*LD/kPFӫD3KiSOjVkQED\OӟQQKҩWPLӅQ%ҳF
NJj\EDQKjQK1JKӏÿӏQKVӕ77J D7KӫWѭӟQJ&KtQKSKӫYӅYLӋFWKjQKOұS&өF+jQJNK{QJ
GkQGөQJÿһWQӅQPyQJFKRVӵUDÿӡL YjSKiWWULӇQFӫD+.'' VLӋWNam.
7ӯQăP +jQJNK{QJFKӫ\ӃXSKөFYөFKRTXkQVӵYjSKөFYөFKRKRҥ WÿӝQJFӫD&KtQKSKӫ
1Jj\7KӫWѭӟQJ&KtQKSKӫUD4X\ӃWÿӏQKVӕ&3YӅYLӋFWKjQKOұS7әQJFөF+jQJNK{QJGkQ
GөQJWUӵFWKXӝF+ӝLÿӗQJ&KtQKSKӫQKѭQJYӅPһWWәFKӭFTXҧQOêYjFKӍYүQWUӵFWKXӝF%ӝ4XӕFSKzQJ
NJj\&KtQKSKӫ9LӋW1DPWX\rQEӕJLDQKұS&{QJѭӟFYӅ+jQJNK{QJGkQGөQJTXӕFWӃ&KLFDJR
7KHRĈLӅXFӫD&{QJѭӟF+jQJNK{QJGkQGөQJ9LӋW1DPFKtQKWKӭFWUӣWKjQKWKjQKYLrQFӫD7әFKӭF
+jQJNK{QJGkQGөQJTXӕFWӃ,&$2QJj\
1Jj\+ӝLÿӗQJ%ӝWUѭӣQJUD4X\ӃWÿӏQKVӕ+Ĉ%7WKjQKOұS&өF+jQJNK{QJGkQGөQJ9LӋW
1DPWUӵFWKXӝF%ӝ*LDRWK{QJYұQWҧLYj%ѭXÿLӋQ.
7ӯWKiQJQăP1JjQK+.''9LӋW1DPÿmFKtQKWKӭFKRҥWÿӝQJWKHRFѫFKӃPӟL WKHRKѭӟQJWiFKNKӕL
TXҧQOêQKjQѭӟFUDNKӓLNKӕLVҧQ[XҩWNLQKGRDQK
&өF+jQJNK{QJ9LӋW1DPOjFѫTXDQTXҧQOêQKjQѭӟFYӅFKX\rQQJjQK+.''9LӋW1DPWURQJFҧQѭӟF
&iFÿѫQYӏVҧQ[XҩWNLQKGRDQKFyGRDQKQJKLӋSWURQJÿyKmQJ+jQJNK{QJTXӕFJLD9LӋW1DP9LHWQDP
$LUOLQHVOjGRDQKQJKLӋSOӟQQKҩW
/ӏFKVӱ«WLӃSWKHR
6ӵSKiWWULӇQFӫD/XұW+.''9LӋW1DP
1Jj\4XӕFKӝLOҫQÿҫXWLrQWK{QJTXD/XұWHKDD 9LӋW1DP
NJj\4XӕFKӝLWK{QJTXD/XұWVӱDÿәLEәVXQJPӝWVӕÿLӅX/XұW+.''91ÿmEDQKjQK
QJj\1ӝLGXQJVӱDÿәLEәVXQJQKLӋPYөTXҧQOê1KjQѭӟFYӅKjQJNK{QJGkQGөQJ
TXҧQOêED\TXҧQOêYjNKDLWKiFFҧQJKjQJNK{QJVkQED\F{QJWiFDQQLQKDQWRjQKjQJNK{QJ
Ngày 29/6/2006, 4XӕF+ӝLWK{QJTXD/XұW6ӕ4+ sӱDÿәL/XұW+.''ÿѭӧFEDQKjQKQăP
/XұWVӱDÿәLFyKLӋXOӵFWӯQJj\
Ngày 21/11/20144XӕF+ӝLWK{QJTXD/XұWVӕ4+, sӱDÿәLEәVXQJPӝWVӕÿLӅXFӫD/XұW
HKDD 9LӋW1DP/XұWQj\FyKLӋXOӵFWӯQJj\
0ӝWVӕYăQEҧQSKiSOXұWÿѭӧFEDQKjQKNqPWKHR/XұW+.''JӗP
1JKӏÿӏQK9ӅWăQJPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD QJѭӡLYұQFKX\ӇQWURQJYұQ
FKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ 6ӕ1Ĉ-CP, ngày 26/8/2020
1JKӏÿӏQK4X\ÿӏQKYӅFiFQJjQKQJKӅNLQKGRDQKFyÿLӅXNLӋQWURQJOƭQKYӵFKjQJNK{QJGkQGөQJVӕ
1Ĉ-CP ngày 15/9/2022
1JKӏÿӏQK4X\ÿӏQK[ӱSKҥWYLSKҥPKjQKFKtQKWURQJOƭQKYӵF+.''Vӕ1Ĉ-CP ngày
28/12/2021
7K{QJWѭ9ӅTXҧQOêJLiGӏFKYөYұQFKX\ӇQKjQJNK{QJQӝLÿӏDYjJLiGӏFKYөFKX\rQQJjQKKjQJ
NK{QJVӕ77-BGTVT ngày 27/05/2022
6Z^YSMGFSMSM)FSMRH[YUMRSLZ^MNRHRMSHMRFSL[
YZGF^6Z^YSMGFSMSM)FSMRH[YUMRSLZ^MNRHRMSHM
RFSLQSYZGF^86ࣤ-(-03L^
*LӟLWKLӋX/XұW+.''9LӋW1DPÿѭӧFVӱDÿәLQăP
/XұWJӗPFKѭѫQJÿLӅXNKRҧQ
CKѭѫQJI - NKӳQJTX\ÿӏQKFKXQJ ĈLӅX 12)
CKѭѫQJII - Tàu bay ĈLӅX 46)
MөF- QXӕFWӏFKWjXED\ ĈLӅX 16)
MөF- TLrXFKXҭQÿӫÿLӅXNLӋQED\ ĈLӅX 21)
MөF- Khai thác tàu bay ĈLӅX 27)
MөF- QX\ӅQÿӕLYӟLWjXED\ ĈLӅX 34)
MөF- Thuê, cho thuê tàu bay ĈLӅX 40)
MөF- ĈuQKFKӍWKӵFKLӋQFKX\ӃQED\WҥPJLӳEҳWJLӳWjXED\ ĈLӅX 46)
CKѭѫQJIII - CҧQJKjQJNK{QJVkQED\ ĈLӅX 67)
0өF- QX\ÿӏQKFKXQJ ĈLӅX 55)
0өF- QX\KRҥFKÿҫXWѭ[k\GӵQJFҧQJKjQJNK{QJVkQED\ ĈLӅX 58)
0өF- QXҧQOêQKjQѭӟFWҥLFҧQJKjQJNK{QJVkQED\ ĈLӅX 61)
0өF- KKDLWKiFFҧQJKjQJNK{QJVkQED\ ĈLӅX 67)
CKѭѫQJIV - Nhân viên hàng không ĈLӅX 78)
0өF- QX\ÿӏQKFKXQJ ĈLӅX 70)
0өF- TәED\ ĈLӅX 78)
&KѭѫQJ9- +RҥWÿӝQJED\ ĈLӅX 108)
0өF- QXҧQOêKRҥWÿӝQJED\ ĈLӅX 94)
0өF- BҧRÿҧPKRҥWÿӝQJED\ ĈLӅX 100)
0өF- TuPNLӃPFӭXQҥQ ĈLӅX 103)
0өF- ĈLӅXWUDVӵFӕWDLQҥQWjXED\ ĈLӅX 108)
CKѭѫQJVI - VұQFKX\ӇQKjQJNK{QJ ĈLӅX 159)
0өF- DRDQKQJKLӋSYұQFKX\ӇQKjQJNK{QJ ĈLӅX 111)
0өF- KKDLWKiFYұQFKX\ӇQKjQJNK{QJ ĈLӅX 127)
0өF- VұQFKX\ӇQKjQJKyD ĈLӅX 142)
0өF- VұQFKX\ӇQKjQKNKiFKKjQKOê ĈLӅX 150)
0өF- VұQFKX\ӇQWKHRKӧSÿӗQJYjYұQFKX\ӇQWKӵFWӃ ĈLӅX 156)
0өF- VұQFKX\ӇQKjQJKyDÿһFELӋW ĈLӅX 159)
CKѭѫQJVII - TUiFKQKLӋPGkQVӵ ĈLӅX 189)
0өF- QX\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQ ĈLӅX 174)
0өF- TUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQJѭӡLWKӭEDӣPһWÿҩW ĈLӅX 178)
0өF- TUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLNKLWjXED\YDFKҥPKRһFFҧQWUӣQKDX ĈLӅX 189)
CKѭѫQJVIII - An ninh hàng không ĈLӅX 197)
CKѭѫQJIX - HRҥWÿӝQJKjQJNK{QJFKXQJ ĈLӅX 201)
CKѭѫQJX - ĈLӅXNKRҧQWKLKjQK ĈLӅX
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DP
ĈLӅX3KҥPYLÿLӅXFKӍQK
/XұWQj\TX\ÿӏQKYӅKRҥWÿӝQJ EDRJӗPFiFTX\ÿӏQKYӅWjXED\FҧQJKjQJHKDD
NK{QJVkQED\QKkQYLrQKjQJNK{QJKRҥWÿӝQJED\YұQFKX\ӇQKjQJNK{QJDQQLQK
KjQJNK{QJWUiFKQKLӋPGkQVӵKRҥWÿӝQJKjQJNK{QJFKXQJYjFiFKRҥWÿӝQJNKiFFy
OLrQTXDQÿӃQHKDD.
/XұWQj\không TX\ÿӏQKYӅKRҥWÿӝQJFӫDWjXED\F{QJYөEDRJӗPWjXED\TXkQVӵ
WjXED\FKX\rQGөQJFӫDOӵFOѭӧQJKҧLTXDQF{QJDQYjFiFWjXED\NKiFVӱGөQJFKR
PөFÿtFKF{QJYөQKjQѭӟFWUӯWUѭӡQJKӧSWjXED\F{QJYөÿѭӧFGQJYjRPөFÿtFK
GkQGөQJKRһFQKӳQJWUѭӡQJKӧSNKiFÿѭӧF/XұWKjQJNK{QJGkQGөQJ9LӋW1DPTX\
ÿӏQK
ĈLӅXĈӕLWѭӧQJiSGөQJ
7әFKӭFFiQKkQ9LӋW1DPYjWәFKӭFFiQKkQQѭӟFQJRjLKRҥWÿӝQJKjQJNK{QJGkQ
GөQJWҥL9LӋW1DP
7әFKӭFFiQKkQ9LӋW1DPKRҥWÿӝQJKjQJNK{QJGkQGөQJӣQѭӟFQJRjLQӃXSKiSOXұW
FӫDQѭӟFQJRjLNK{QJFyTX\ÿӏQKNKiF
7әFKӭFFiQKkQ9LӋW1DPYjWәFKӭFFiQKkQQѭӟFQJRjLKRҥWÿӝQJKjQJNK{QJGkQ
GөQJӣYQJWK{QJEiRED\GR9LӋW1DPTXҧQOê
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DPWLӃSWKHR
ĈLӅXÈSGөQJSKiSOXұW
ĈӕLYӟLQKӳQJTXDQKӋ[mKӝLSKiWVLQKWӯKRҥWÿӝQJKjQJNK{QJGkQGөQJkhông ÿѭӧF
/XұWQj\ÿLӅXFKӍQKWKuiSGөQJFiFTX\ÿӏQKSKiSOXұWWѭѫQJӭQJFӫD9LӋW1DP
7UѭӡQJKӧSFyVӵNKiFQKDXJLӳDTX\ÿӏQKFӫD/XұWQj\YӟLTX\ÿӏQKFӫDOXұWNKiFYӅ
FQJPӝWQӝLGXQJOLrQTXDQÿӃQKRҥWÿӝQJKjQJNK{QJGkQGөQJWKuiSGөQJTX\ÿӏQK
FӫD/XұWQj\
7UѭӡQJKӧSÿLӅXѭӟFTXӕFWӃPj&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQFy
TX\ÿӏQKNKiFYӟLTX\ÿӏQKFӫD/XұWQj\WKuiSGөQJTX\ÿӏQKFӫDÿLӅXѭӟFTXӕFWӃÿy
ĈLӅX1JX\rQWҳFiSGөQJSKiSOXұWNKLFy[XQJÿӝWSKiSOXұW
3KiSOXұWFӫDTXӕFJLDÿăQJNêTXӕFWӏFKWjXED\ÿѭӧFiSGөQJÿӕLYӟLTXDQKӋ[mKӝL
SKiWVLQKWURQJWjXED\ÿDQJED\YjiSGөQJÿӇ[iFÿӏQKFiFTX\ӅQÿӕLYӟLWjXED\
3KiSOXұWFӫDTXӕFJLDQѫLNêNӃWKӧSÿӗQJOLrQTXDQÿӃQFiFTX\ӅQÿӕLYӟLWjXED\
ÿѭӧFiSGөQJÿӇ[iFÿӏQKKuQKWKӭFFӫDKӧSÿӗQJ
3KiSOXұWFӫDTXӕFJLDQѫLWKӵFKLӋQYLӋFFӭXKӝKRһFJLӳJuQWjXED\ÿѭӧFiSGөQJÿӕL
YӟLYLӋFWUҧWLӅQF{QJFӭXKӝKRһFJLӳJuQWjXED\ÿy
3KiSOXұWFӫDTXӕFJLDQѫL[ҧ\UDWDLQҥQGRWjXED\YDFKҥPKRһFJk\FҧQWUӣQKDXGR
WjXED\ÿDQJED\Jk\WKLӋWKҥLFKRQJѭӡLWKӭEDӣPһWÿҩWÿѭӧFiSGөQJÿӕLYӟLYLӋFEӗL
WKѭӡQJWKLӋWKҥL
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DPWLӃSWKHR
ĈLӅX1ӝLGXQJTXҧQOêQKjQѭӟFYӅKjQJNK{QJGkQGөQJ
1. %DQKjQKYjWәFKӭFWKӵFKLӋQYăQEҧQTX\SKҥPSKiSOXұWÿӏQKPӭFNLQKWӃ NӻWKXұWWLrX-
FKXҭQTX\FKXҭQNӻWKXұWTX\FKӃTX\WUuQKYӅKjQJNK{QJGkQGөQJ
2. ;k\GӵQJFKӍÿҥRWKӵFKLӋQFKLӃQOѭӧFTX\KRҥFKNӃKRҥFKSKiWWULӇQQJjQKHKDD
3. 4XҧQOêYӅKRҥWÿӝQJED\GkQGөQJWURQJOmQKWKә YjӣYQJWK{QJEiRED\GRVN VN TXҧQ
OêTXҧQOêYLӋFÿҫXWѭ[k\GӵQJFѫVӣFXQJFҩSGӏFKYөKӋWKӕQJNӻWKXұWWUDQJEӏWKLӃWEӏ
EҧRÿҧPKRҥWÿӝQJED\
4. 4X\KRҥFKTXҧQOêYLӋFÿҫXWѭ[k\GӵQJWәFKӭFNKDLWKiFFҧQJKjQJNK{QJVkQED\
5. 4XҧQOêKRҥWÿӝQJYұQFKX\ӇQKjQJNK{QJ
6. ĈăQJNêWjXED\YjÿăQJNêFiFTX\ӅQÿӕLYӟLWjXED\
7. 4XҧQOêYLӋFWKLӃWNӃSXNKDLWKiFVӱDFKӳDEҧRGѭӥQJXK, NK WjXED\ÿӝQJFѫWjXED\
WUDQJWKLӃWEӏFӫDWjXED\YjFiFWUDQJEӏWKLӃWEӏYұWWѭNKiFSKөFYөKRҥWÿӝQJHKDD.
8. &ҩSF{QJQKұQFKӭQJFKӍJLҩ\SKpSJLҩ\FKӭQJQKұQYjFiFJLҩ\WӡWjLOLӋXNKiF
9. 4XҧQOêYLӋFEҧRÿҧPDQQLQKDQWRjQHKDD và các FKX\ӃQED\FKX\rQFѫÿһFELӋW
10. 4XҧQOêKRҥWÿӝQJWuPNLӃPFӭXQҥQYjÿLӅXWUDVӵFӕWDLQҥQWjXED\
11. +ӧSWiFTXӕFWӃYӅKjQJNK{QJGkQGөQJ
12. 4XҧQOêYLӋFÿjRWҥRYjSKiWWULӇQQJXӗQQKkQOӵFHKDDJLiPÿӏQKVӭFNKӓHQKkQYLrQ
13. 4XҧQOêKRҥWÿӝQJNKRDKӑFF{QJQJKӋEҧRYӋP{LWUѭӡQJSKzQJWUiQKWKLrQWDL
14. 4XҧQOêJLiSKtYjOӋSKtWURQJKRҥWÿӝQJKjQJNK{QJGkQGөQJ
15. .LӇPWUDWKDQKWUDJLҧLTX\ӃWNKLӃXQҥLWӕFiRYj[ӱOêYLSKҥPWURQJKRҥWÿӝQJHKDD.
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DPWLӃSWKHR
3KtOӋSKtYjJLiGӏFKYөFKX\rQQJjQKKjQJNK{QJ(xem ĈLӅX)
3KtOӋSKtchuyên ngành hàng không (%ӝ7jLFKtQKTX\ÿӏQKPӭFSKtOӋSKtWKHRÿӅQJKӏ
FӫD%ӝGTVT):
3KtED\TXDYQJWUӡL9LӋW1DPSKtQKѭӧQJTX\ӅQNKDLWKiFYjSKtNKiFWKHRTX\ÿӏQKFӫD
SKiSOXұWYӅSKtYjOӋSKt
/ӋSKtFҩSFKӭQJFKӍJLҩ\SKpSJLҩ\FKӭQJQKұQOLrQTXDQÿӃQKRҥWÿӝQJHKDD
*LiGӏFKYөKjQJNK{QJEDRJӗP
*LiGӏFKYөFҩWFiQKKҥFiQKJLiGӏFKYөÿLӅXKjQKED\ÿLÿӃQJLiGӏFKYөKӛWUӧEҧRÿҧP
KRҥWÿӝQJED\JLiSKөFYөKjQKNKiFKJLiEҧRÿҧPDQQLQKKjQJNK{QJYjJLiGӏFKYөÿLӅX
KjQKED\TXDYQJWK{QJEiRED\GR9LӋW1DPTXҧQOê Î %ӝGTVT TX\ÿӏQKPӭFJLiWUrQFѫ
VӣSKѭѫQJSKiSÿӏQKJLiWKHRTX\ÿӏQKFӫD%ӝ7jLFKtQK
*LiGӏFKYөKjQJNK{QJNKiF Î DN TX\ӃWÿӏQKPӭFJLiYjWURQJNKXQJJLiGR%ӝ*797TX\
ÿӏQKYjWKӵFKLӋQNrNKDLJLiYӟL%ӝ*797
*LiGӏFKYөSKLKjQJNK{QJEDRJӗP
*LiWKXrPһWEҵQJJLiGӏFKYөWKLӃW\ӃXWҥLFҧQJKjQJNK{QJVkQED\ Î DN TX\ӃWÿӏQKPӭF
giá và WURQJNKXQJJLiGR%ӝ*797TX\ÿӏQKYjWKӵFKLӋQNrNKDLJLiYӟL%ӝ*797
*LiGӏFKYөSKLKjQJNK{QJNKiFWҥLFҧQJKjQJNK{QJVkQED\ Î DN TX\ӃWÿӏQKPӭFJLiYj
WKӵFKLӋQQLrP\ӃWJLiWKHRTX\ÿӏQK
9ұQFKX\ӇQKjQJNK{QJFKѭѫQJ9,
0өF 'RDQKQJKLӋSYұQFKX\ӇQKjQJNK{QJ
ĈLӅX.LQKGRDQKYұQFKX\ӇQKjQJNK{QJ
9ұQFKX\ӇQKjQJNK{QJOjYLӋFYұQFKX\ӇQKjQKNKiFKKjQKOêKjQJKyDEѭXJӱLEҵQJÿѭӡQJ
KjQJNK{QJ9ұQFKX\ӇQKjQJNK{QJEDRJӗPYұQFKX\ӇQKjQJNK{QJWKѭӡQJOӋYjYұQFKX\ӇQ
KjQJNK{QJNK{QJWKѭӡQJOӋ
9ұQFKX\ӇQKjQJNK{QJWKѭӡQJOӋOjYLӋFYұQFKX\ӇQEҵQJFiFFKX\ӃQED\ÿѭӧFWKӵFKLӋQÿӅX
ÿһQWKHROӏFKÿѭӧFF{QJEӕYjÿѭӧFPӣF{QJNKDLFKRF{QJFK~QJVӱGөQJ
9ұQFKX\ӇQKjQJNK{QJNK{QJWKѭӡQJOӋOjYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJNK{QJFy
ÿӫFiF\ӃXWӕFӫDYұQFKX\ӇQKjQJNK{QJWKѭӡQJOӋ
KD KD YұQFKX\ӇQKjQJNK{QJOjQJjQK FyÿLӅXNLӋQYjGRDN YұQFKX\ӇQKjQJNK{QJWKӵFKLӋQ
JӑLWҳWlà hãng hàng không).
ĈLӅXĈLӅXNLӋQFҩS*Lҩ\SKpSNLQKGRDQKYұQFKX\ӇQKjQJNK{QJ
ĈLӅXĈLӅXOӋYұQFKX\ӇQ
ĈLӅXOӋYұQFKX\ӇQOjEӝSKұQFҩXWKjQKFӫDKӧSÿӗQJYұQFKX\ӇQKjQJNK{QJTX\ÿӏQKFiFÿLӅX
NLӋQFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟLYLӋFYұQFKX\ӇQKjQKNKiFKKjQKOêKjQJKyDEѭXJӱL
ĈLӅXOӋYұQFKX\ӇQNK{QJÿѭӧFWUiLYӟLTX\ÿӏQKFӫD/XұW+.''9LӋW1DPYjTX\ÿӏQKFӫDÿLӅX
ѭӟFTXӕFWӃPj9LӋW1DPOjWKjQKYLrQ
+mQJKjQJNK{QJFyWUiFKQKLӋPEDQKjQKĈLӅXOӋYұQFKX\ӇQYjÿăQJNêYӟL%ӝGTVT
0өF .KDLWKiFYұQFKX\ӇQKjQJNK{QJ
ĈLӅX4X\ӅQYұQFKX\ӇQKjQJNK{QJ
4X\ӅQYұQFKX\ӇQKjQJNK{QJOjTX\ӅQNKDLWKiFWKѭѫQJPҥLYұQFKX\ӇQKjQJNK{QJ
YӟLFiFÿLӅXNLӋQYӅKmQJKjQJNK{QJÿѭӡQJED\WjXED\NKDLWKiFFKX\ӃQED\YjÿӕL
WѭӧQJYұQFKX\ӇQ
Hãng hàng không KD YұQFKX\ӇQKjQJNK{QJWURQJSKҥPYLTX\ӅQYұQFKX\ӇQKjQJ
NK{QJGR%ӝGTVT FҩSNK{QJÿѭӧFPXDEiQTX\ӅQYұQFKX\ӇQKjQJNK{QJWKӵFKLӋQ
FiFKjQKYLKҥQFKӃFҥQKWUDQKEӏFҩPKRһFFҥQKWUDQKNK{QJOjQKPҥQKNK{QJÿѭӧF
VӱGөQJWKѭѫQJKLӋXEDRJӗPWrQWKѭѫQJPҥLYjQKmQKLӋXJk\QKҫPOүQYӟLKmQJ
KjQJNK{QJNKiFNK{QJÿѭӧFQKѭӧQJKRһFQKұQTX\ӅQ YұQFKX\ӇQKjQJNK{QJKD
+mQJKjQJNK{QJWKӵFKLӋQFiFKRҥWÿӝQJ[~FWLӃQWKѭѫQJPҥLYjKD YұQFKX\ӇQKjQJ
NK{QJVDXNKLÿѭӧF%ӝGTVT FҩSTX\ӅQYұQFKX\ӇQKjQJNK{QJ
ĈLӅX7KӫWөFFҩSTX\ӅQYұQFKX\ӇQKjQJNK{QJ
ĈLӅX4X\ӅQYұQFKX\ӇQKjQJNK{QJTXӕFWӃ
ĈLӅX4X\ӅQYұQFKX\ӇQKjQJNK{QJQӝLÿӏD
ĈLӅX*LiGӏFKYөYұQFKX\ӇQKjQJNK{QJ
ĈLӅX9ұQFKX\ӇQKӛQKӧS
ĈLӅX9ұQFKX\ӇQNӃWLӃS
0өF .KDLWKiFYұQFKX\ӇQKjQJNK{QJWLӃSWKHR
ĈLӅX9ұQFKX\ӇQKӛQKӧS(7URQJWUѭӡQJKӧSYLӋFYұQFKX\ӇQÿѭӧFWKӵFKLӋQPӝW
SKҫQEҵQJÿѭӡQJKjQJNK{QJYjPӝWSKҫQEҵQJSKѭѫQJWKӭFYұQWҧLNKiFWKuFiFTX\ÿӏQK
FӫD/XұWQj\FKӍiSGөQJÿӕLYӟLSKҫQYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ&iFErQWURQJ
KӧSÿӗQJYұQFKX\ӇQKjQJNK{QJFyTX\ӅQJKLYjRYұQÿѫQKjQJNK{QJELrQODLKjQJKyD
YpKjQKNKiFKFiFÿLӅXNLӋQOLrQTXDQÿӃQYLӋFYұQFKX\ӇQEҵQJSKѭѫQJWKӭFYұQWҧLNKiF)
ĈLӅX9ұQFKX\ӇQNӃWLӃS ĈLӅX&{QJѭӟF0RQWUHDO
VұQFKX\ӇQKjQJNK{QJGRQKӳQJQJѭӡLYұQFKX\ӇQNKiFQKDXNӃWLӃSWKӵFKLӋQWKuPӛL
QJѭӡLYұQFKX\ӇQNӃWLӃSÿѭӧFFRLOjPӝWWURQJFiFErQFӫDKӧSÿӗQJYұQFKX\ӇQ
TUѭӡQJKӧSYұQFKX\ӇQKjQKNKiFKWKuKjQKNKiFKKRһFQJѭӡLFyTX\ӅQ\rXFҫXEӗL
WKѭӡQJFyWKӇNKӣLNLӋQEҩWNǤQJѭӡLYұQFKX\ӇQNӃWLӃSQjRQӃXWURQJTXiWUuQKYұQ
FKX\ӇQ[ҧ\UDWDLQҥQYұQFKX\ӇQFKұPWUӯWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQÿҫXWLrQÿm
QKұQWUiFKQKLӋPÿӕLYӟLWRjQEӝKjQKWUuQKYұQFKX\ӇQ
TUѭӡQJKӧSYұQFKX\ӇQKjQKOêKjQJKyDWKuKjQKNKiFKKRһFQJѭӡLJӱLKjQJFyTX\ӅQ
NKӣLNLӋQQJѭӡLYұQFKX\ӇQÿҫXWLrQKjQKNKiFKKRһFQJѭӡLQKұQKjQJFyTX\ӅQ
NKӣLNLӋQ PӛLQJѭӡLYұQFKX\ӇQFyTX\ӅQNKӣLNLӋQQJѭӡLYұQFKX\ӇQFXӕLFQJ
QJѭӡLYұQFKX\ӇQÿmWKӵFKLӋQYLӋFYұQFKX\ӇQPjWURQJTXiWUuQKÿyÿm[ҧ\UDPҩWPiW
WKLӃXKөWKѭKӓQJKRһFYұQFKX\ӇQFKұP1KӳQJQJѭӡLYұQFKX\ӇQQj\SKҧLFKӏXWUiFK
QKLӋPOLrQÿӟLÿӕLYӟLKjQKNKiFKKRһFQJѭӡLJӱLKjQJQJѭӡLQKұQKjQJ
0өF .KDLWKiFYұQFKX\ӇQKjQJNK{QJWLӃSWKHR
ĈLӅXĈѫQJLҧQKyDWKӫWөFWURQJYұQFKX\ӇQKjQJNK{QJ
ĈLӅX9ұQFKX\ӇQTXӕFWӃNӃWKӧSQKLӅXÿLӇPWҥL9LӋW1DP
ĈLӅX%iRFiRYjFXQJFҩSVӕOLӋXWKӕQJNr
ĈLӅX+RҥWÿӝQJNLQKGRDQKGӏFKYөYұQFKX\ӇQKjQJNK{QJ
Hãng hàng không VNKmQJKjQJNK{QJQѭӟFQJRjLÿѭӧFSKpSEiQKRһF[XҩWYpKjQKNKiFK
YұQÿѫQKjQJNK{QJWUӵFWLӃSWҥL pWUrQFѫVӣKӧSÿӗQJFKӍÿӏQKÿҥLYăQSKzQJEiQYpÿҥLOêEiQY
OêKRһFWK{QJTXDJLDRGӏFKÿLӋQWӱ9ăQSKzQJEiQYpOjFKLQKiQKFӫDKmQJKjQJNK{QJWKӵF
KLӋQQKLӋPYөEiQYpFӫDKmQJ
+mQJKjQJNK{QJQѭӟFQJRjLKRҥWÿӝQJKD GӏFKYөYұQFKX\ӇQKjQJNK{QJWҥLVN ÿѭӧFTX\ӅQ
WKDQKWRiQFKX\ӇQÿәLYjFKX\ӇQQJRҥLWӋUDQѭӟFQJRjLWKHRTX\ÿӏQKFӫDSKiSOXұWVN YjÿLӅX
ѭӟFTXӕFWӃPjVN là thành viên.
ĈLӅXĈLӅXNLӋQWKӫWөFPӣYăQSKzQJÿҥLGLӋQYăQSKzQJEiQYpFӫDKmQJKjQJ
NK{QJQѭӟFQJRjL
ĈLӅX4X\ӅQYjQJKƭDYөFӫDYăQSKzQJÿҥLGLӋQYăQSKzQJEiQYpFӫDKmQJ
KjQJNK{QJQѭӟFQJRjL
ĈLӅX+ӋWKӕQJÿһWJLӳFKӛEҵQJPi\WtQK
ĈLӅX.LӇPWUDWKDQKWUDNKDLWKiFYұQFKX\ӇQKjQJNK{QJ
0өF 9ұQFKX\ӇQKjQJKRi
ĈLӅX+ӧSÿӗQJYұQFKX\ӇQKjQJKyD
+ӧSÿӗQJYұQFKX\ӇQKjQJKyDOjVӵWKӓDWKXұQJLӳDQJѭӡLYұQFKX\ӇQYjQJѭӡLWKXrYұQ
FKX\ӇQWKHRÿyQJѭӡLYұQFKX\ӇQFyQJKƭDYөYұQFKX\ӇQKjQJÿӃQÿӏDÿLӇPÿӃQYjWUҧKjQJ
FKRQJѭӡLFyTX\ӅQQKұQQJѭӡLWKXrYұQFKX\ӇQFyQJKƭDYөWKDQKWRiQJLiGӏFKYөYұQFKX\ӇQ
9ұQÿѫQKjQJNK{QJFiFWKӓDWKXұQNKiFEҵQJYăQEҧQJLӳDKDLErQĈLӅXOӋYұQFKX\ӇQEҧQJ
JLiGӏFKYөYұQFKX\ӇQOjWjLOLӋXFӫDKӧSÿӗQJYұQFKX\ӇQKjQJKyD
ĈLӅX9ұQÿѫQKjQJNK{QJYjELrQODLKjQJKyD
9ұQÿѫQKjQJNK{QJOjFKӭQJWӯYұQFKX\ӇQKjQJKyDEҵQJÿѭӡQJKjQJNK{QJYjOjEҵQJFKӭQJ
FӫDYLӋFJLDRNӃWKӧSÿӗQJYLӋFÿmWLӃSQKұQKjQJKyDYjFiFÿLӅXNLӋQFӫDKӧSÿӗQJ
9ұQÿѫQKjQJNK{QJSKҧLÿѭӧFVӱGөQJNKLYұQFKX\ӇQKjQJKyDEҵQJÿѭӡQJKjQJNK{QJ
7URQJWUѭӡQJKӧSSKѭѫQJWLӋQOѭXJLӳWK{QJWLQYӅYұQFKX\ӇQKjQJKyDÿѭӧFVӱGөQJWKD\WKӃ
FKRYLӋF[XҩWYұQÿѫQKjQJNK{QJWKuWKHR\rXFҫXFӫDQJѭӡLJӱLKjQJQJѭӡLYұQFKX\ӇQ[XҩW
ELrQODLKjQJKyDFKRQJѭӡLJӱLKjQJÿӇQKұQELӃWKjQJKyD
1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJFKRQJѭӡLJӱLKjQJYӅWKLӋWKҥLGROӛLFӫDPuQK
QKkQYLrQÿҥLOêFӫDPuQKJk\UDGRYLӋFQKұSNK{QJFKtQK[iFNK{QJÿҫ\ÿӫKRһFNK{QJÿ~QJ
TX\FiFKWK{QJWLQGRQJѭӡLJӱLKjQJFXQJFҩSYjRFiFSKѭѫQJWLӋQOѭXJLӳWK{QJWLQ
9LӋFJLDRNӃWKӧSÿӗQJYұQFKX\ӇQKjQJKyDPjWKLӃXPӝWKRһFPӝWVӕQӝLGXQJTX\ÿӏQKWҥLFiF
ÿLӅXYjNK{QJOjPҧQKKѭӣQJÿӃQVӵWӗQWҥLYjJLiWUӏSKiSOêFӫDKӧSÿӗQJ
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX1ӝLGXQJFӫDYұQÿѫQKjQJNK{QJYjELrQODLKjQJKyD
ĈӏDÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQ
ĈӏDÿLӇPGӯQJWKӓDWKXұQWURQJWUѭӡQJKӧSYұQFKX\ӇQFyÿӏDÿLӇP[XҩWSKiWÿӏDÿLӇP
ÿӃQӣOmQKWKәFӫDFQJPӝWTXӕFJLDYjFyPӝWKRһFQKLӅXÿӏDÿLӇPGӯQJWKӓDWKXұQӣ
OmQKWKәFӫDTXӕFJLDNKiF
7UӑQJOѭӧQJKjQJKyDORҥLKjQJKyD
ĈLӅX/ұSYұQÿѫQKjQJNK{QJ
9ұQÿѫQKjQJNK{QJGRQJѭӡLJӱLKjQJOұSWKjQKEDEҧQFKtQK%ҧQWKӭQKҩWGRQJѭӡL
JӱLKjQJNêÿѭӧFJLDRFKRQJѭӡLYұQFKX\ӇQ%ҧQWKӭKDLGRQJѭӡLJӱLKjQJYjQJѭӡL
YұQFKX\ӇQNêÿѭӧFJLDRFKRQJѭӡLQKұQKjQJ%ҧQWKӭEDGRQJѭӡLYұQFKX\ӇQNê
ÿѭӧFJLDRFKRQJѭӡLJӱLKjQJVDXNKLQKұQKjQJ ÿӇYұQFKX\ӇQ.
&KӳNêFӫDQJѭӡLYұQFKX\ӇQYjQJѭӡLJӱLKjQJFyWKӇÿѭӧFLQKRһFÿyQJGҩX
1JѭӡLYұQFKX\ӇQOұSYұQÿѫQKjQJNK{QJWKHR\rXFҫXFӫDQJѭӡLJӱLKjQJÿѭӧFFRLOj
KjQKÿӝQJWKD\PһWQJѭӡLJӱLKjQJQӃXNK{QJFyVӵFKӭQJPLQKQJѭӧFOҥL
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX*Lҩ\WӡYӅWtQKFKҩWFӫDKjQJKyD(7URQJWUѭӡQJKӧSFҫQWKLӃWQJѭӡL
JӱLKjQJSKҧL[XҩWWUuQKFiFJLҩ\WӡFKӍU}WtQKFKҩWFӫDKjQJKyDWKHR\rXFҫXFӫD
FѫTXDQKҧLTXDQF{QJDQYjFѫTXDQNKiFFyWKҭPTX\ӅQ4X\ÿӏQKQj\NK{QJOjP
SKiWVLQKWKrPEҩWNǤWUiFKQKLӋPKRһFQJKƭDYөQjRFӫDQJѭӡLYұQFKX\ӇQ)
ĈLӅX9ұQÿѫQKjQJNK{QJYjELrQODLKjQJKyDYұQFKX\ӇQQKLӅXNLӋQ
hàng hóa (.KLYұQFKX\ӇQQKLӅXNLӋQKjQJKyDQJѭӡLYұQFKX\ӇQFyTX\ӅQ\rX
FҫXQJѭӡLJӱLKjQJOұSYұQÿѫQULrQJELӋWFKRWӯQJNLӋQKjQJKyD7URQJWUѭӡQJ
KӧSSKѭѫQJWLӋQOѭXJLӳWK{QJWLQYӅYұQFKX\ӇQKjQJKyDÿѭӧFVӱGөQJWKD\WKӃ
FKRYLӋF[XҩWYұQÿѫQKjQJNK{QJWKHRTX\ÿӏQKWҥLNKRҧQĈLӅXFӫD/XұWQj\
WKuQJѭӡLJӱLKjQJFyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQ[XҩWELrQODLKjQJKyDULrQJ
ELӋWFKRWӯQJNLӋQKjQJKyD)
ĈLӅX&iFWUѭӡQJKӧSKjQJKyDEӏWӯFKӕLYұQFKX\ӇQ
+jQJKyDÿѭӧFYұQFKX\ӇQNK{QJÿ~QJYӟLORҥLKjQJKyDÿmWKӓDWKXұQ
1JѭӡLJӱLKjQJNK{QJWXkQWKӫÿLӅXNLӋQYjKѭӟQJGүQFӫDQJѭӡLYұQFKX\ӇQYӅEDREu
ÿyQJJyLNêKLӋXPmKLӋXKjQJKyD
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX7UiFKQKLӋPFӫDQJѭӡLJӱLKjQJWURQJYLӋFFXQJFҩSWK{QJWLQ
&KӏXWUiFKQKLӋPYӅWtQKFKtQK[iFFӫDWK{QJWLQYjWX\rQEӕOLrQTXDQÿӃQKjQJKyDÿѭӧFJKL
WURQJYұQÿѫQKjQJNK{QJKRһFÿѭӧFFXQJFҩSÿӇOѭXJLӳWK{QJWLQWURQJSKѭѫQJWLӋQÿLӋQWӱ
&XQJFҩSWK{QJWLQWjLOLӋXFҫQWKLӃWWKHR\rXFҫXFӫDFѫTXDQKҧLTXDQF{QJDQYjFѫTXDQNKiF
FyWKҭPTX\ӅQWUѭӟFNKLKjQJKyDÿѭӧFJLDRFKRQJѭӡLQKұQKjQJ1JѭӡLYұQFKX\ӇQNK{QJFy
QJKƭDYөNLӇPWUDWtQKFKtQK[iFÿҫ\ÿӫFӫDWK{QJWLQKRһFWjLOLӋXPjQJѭӡLJӱLKjQJFXQJFҩS
%ӗLWKѭӡQJWKLӋWKҥLJk\UDFKRQJѭӡLYұQFKX\ӇQKRһFWKLӋWKҥLPjQJѭӡLYұQFKX\ӇQSKҧLFKӏX
WUiFKQKLӋPGRÿmFXQJFҩSWK{QJWLQNK{QJFKtQK[iFNK{QJÿҫ\ÿӫKRһFNK{QJÿ~QJTX\FiFK
ĈLӅX7UҧKjQJKyD
1JѭӡLYұQFKX\ӇQSKҧLWK{QJEiRFKRQJѭӡLQKұQKjQJQJD\VDXNKLKjQJKyDÿѭӧFYұQFKX\ӇQ
ÿӃQÿӏDÿLӇPÿӃQWUӯWUѭӡQJKӧSFyWKӓDWKXұQNKiF
1JѭӡLQKұQKjQJFyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQWUҧKjQJKyDNKLKjQJKyDÿӃQÿӏDÿLӇP
ÿӃQVDXNKLWKDQKWRiQFiFFKLSKtSKKӧSYӟLÿLӅXNLӋQYұQFKX\ӇQWUӯWUѭӡQJKӧSTX\ÿӏQKWҥL
ĈLӅXFӫD/XұWQj\
1JѭӡLQKұQKjQJKRһFQJѭӡLJӱLKjQJWKӵFKLӋQTX\ӅQNKLӃXQҥLNKӣLNLӋQQJѭӡLYұQFKX\ӇQ
WKHRTX\ÿӏQKWҥLĈLӅXFӫD/XұWQj\WURQJWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQWKӯDQKұQPҩWKjQJ
KyDKRһFQJѭӡLQKұQKjQJNK{QJQKұQÿѭӧFKjQJKyDVDXEҧ\QJj\NӇWӯQJj\KjQJKyDÿiQJ
OӁSKҧLÿѭӧFYұQFKX\ӇQÿӃQÿӏDÿLӇPÿӃQ
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX4XDQKӋJLӳDQJѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJKRһFTXDQKӋYӟLErQ
WKӭED
1JѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJFyWKӇWӵWKӵFKLӋQWҩWFҧFiFTX\ӅQFӫDPuQKTX\ÿӏQKWҥL
ĈLӅX, NK{QJSKөWKXӝFYjRYLӋFKjQKÿӝQJÿyYuOӧLtFKFӫDQJѭӡLJӱLKjQJKRһFQJѭӡLQKұQ
KjQJYӟLÿLӅXNLӋQSKҧLWKӵFKLӋQFiFQJKƭDYөWKHRKӧSÿӗQJYұQFKX\ӇQNKRҧQÿLӅX
&iFTX\ÿӏQKӣNKRҧQYjTX\ÿӏQKWҥLĈLӅXYjĈLӅXNK{QJҧQKKѭӣQJÿӃQTXDQKӋJLӳD
QJѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJFNJQJQKѭTXDQKӋYӟLErQWKӭEDFyFiFTX\ӅQSKiWVLQKWӯ
QJѭӡLJӱLKjQJKRһFWӯQJѭӡLQKұQKjQJ
&iFQӝLGXQJTX\ÿӏQKWҥLNKRҧQÿLӅXQj\ĈLӅXYjĈLӅXFӫD/XұWQj\FyWKӇÿѭӧFFiF
ErQWKӓDWKXұQNKiFQKѭQJSKҧLÿѭӧFJKLFөWKӇWURQJYұQÿѫQKRһFELrQODLKjQJKyD
ĈLӅX*LiWUӏFKӭQJFӭFӫDYұQÿѫQKjQJNK{QJYjELrQODLKjQJKyD
&iFGӳOLӋXJKLWURQJYұQÿѫQKRһFELrQODLKjQJKyDYӅWUӑQJOѭӧQJNtFKWKѭӟFEDRJyLYjVӕ
OѭӧQJNLӋQKjQJOjFKӭQJFӭEDQÿҫXÿӇNKLӃXQҥLKRһFNKӣLNLӋQQJѭӡLYұQFKX\ӇQ
&iFGӳOLӋXJKLWURQJYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDYӅVӕOѭӧQJWKӇWtFKYjWuQK
WUҥQJFӫDKjQJKyDkhông FyJLiWUӏFKӭQJFӭÿӇNKLӃXQҥLKRһFNKӣLNLӋQQJѭӡLYұQFKX\ӇQWUӯ
khi FiFGӳOLӋXÿyÿmÿѭӧF[iFQKұQWURQJYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDYӅYLӋFÿm
ÿѭӧFNLӇPWUDYӟLVӵFyPһWFӫDQJѭӡLJӱLKjQJKRһFFiFGӳOLӋXQj\FyWKӇQKұQELӃWÿѭӧFU}
UjQJWӯErQQJRjL
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX4X\ӅQÿӏQKÿRҥWKjQJKyD
1JѭӡLJӱLKjQJFyTX\ӅQOҩ\OҥLKjQJKyDWҥLFҧQJKjQJNK{QJ[XҩWSKiWKRһFFҧQJKjQJ
NK{QJÿӃQJLӳKjQJWҥLEҩWNǤQѫLKҥFiQKFKRSKpSQjRWURQJKjQKWUuQK\rXFҫXJLDR
KjQJFKRQJѭӡLQKұQKjQJNKiFWҥLÿӏDÿLӇPÿӃQKRһFÿӏDÿLӇPNKiFWURQJKjQKWUuQK
\rXFҫXYұQFKX\ӇQKjQJKyDWUӣOҥLFҧQJKjQJNK{QJ[XҩWSKiW
4X\ӅQÿӏQKÿRҥWKjQJKyDFӫDQJѭӡLJӱLKjQJNK{QJÿѭӧFWKӵFKLӋQWURQJWUѭӡQJKӧS
YLӋFWKӵFKLӋQTX\ӅQÿyFҧQWUӣKRҥWÿӝQJEuQKWKѭӡQJFӫDQJѭӡLYұQFKX\ӇQKRһFJk\
WUӣQJҥLFKRQKӳQJQJѭӡLJӱLKjQJNKiF1JѭӡLJӱLKjQJSKҧLWKDQKWRiQFKLSKtSKiW
VLQKWӯYLӋFWKӵFKLӋQTX\ӅQTX\ÿӏQKWҥLNKRҧQQj\
7URQJWUѭӡQJKӧS\rXFҫXFӫDQJѭӡLJӱLKjQJNK{QJWKӇWKӵFKLӋQÿѭӧFWKuQJѭӡLYұQ
FKX\ӇQSKҧLWK{QJEiRQJD\FKRQJѭӡLJӱLKjQJ
7URQJWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQWKӵFKLӋQFiF\rXFҫXFӫDQJѭӡLJӱLKjQJQKѭQJ
NK{QJOҩ\OҥLYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDÿm[XҩWFKRQJѭӡLJӱLKjQJWKu
QJѭӡLYұQFKX\ӇQSKҧLFKӏXWUiFKQKLӋPYӅFiFWKLӋWKҥLJk\UDFKREҩWNǤQJѭӡLQjRFy
TX\ӅQÿӕLYӟLYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDÿy
4X\ӅQÿӏQKÿRҥWKjQJKyDFӫDQJѭӡLJӱLKjQJFKҩPGӭWNӇWӯWKӡLÿLӇPQJѭӡLQKұQ
KjQJ\rXFҫXQJѭӡLYұQFKX\ӇQJLDRKjQJKyDFKRKӑ7UѭӡQJKӧSQJѭӡLQKұQKjQJWӯ
FKӕLQKұQKjQJKRһFKjQJKyDNK{QJWKӇJLDRFKRQJѭӡLQKұQKjQJÿѭӧFWKuQJѭӡLJӱL
KjQJYүQFyTX\ӅQÿӏQKÿRҥWKjQJKyD
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX7ӯFKӕLQKұQKjQJKRһFKjQJNK{QJFyQJѭӡLQKұQ (7URQJWUѭӡQJ
KӧSQJѭӡLQKұQKjQJWӯFKӕLQKұQKjQJKRһFNK{QJFyQJѭӡLQKұQKjQJWKuQJѭӡL
YұQFKX\ӇQFyQJKƭDYөFҩWJLӳKjQJKyDYjWK{QJEiRFKRQJѭӡLJӱLKjQJ1JѭӡL
JӱLKjQJSKҧLWUҧFKLSKtSKiWVLQKGRYLӋFFҩWJLӳKjQJKyD)
ĈLӅX7KDQKOêKjQJKyD
+jQJKyDÿѭӧFWKDQKOêWURQJWUѭӡQJKӧSQJѭӡLQKұQKjQJWӯFKӕLQKұQKjQJKRһF
KjQJKyDNK{QJWKӇJLDRFKRQJѭӡLQKұQKjQJPjQJѭӡLJӱLKjQJWӯFKӕLQKұQOҥLKjQJ
KRһFNK{QJWUҧOӡLYӅYLӋFQKұQOҥLKjQJWURQJWKӡLKҥQViXPѭѫLQJj\NӇWӯQJj\QJѭӡL
YұQFKX\ӇQWK{QJEiRFKRQJѭӡLJӱLKjQJKjQJKyDPDXKӓQJFyWKӇÿѭӧFWKDQKOê
WUѭӟFWKӡLKҥQQj\
6ӕWLӅQWKXÿѭӧFWӯYLӋFWKDQKOêKjQJKyDVDXNKLÿmWUӯFiFFKLSKtOLrQTXDQÿӃQYLӋF
YұQFKX\ӇQFҩWJLӳYjWKDQKOêKjQJKyDSKҧLÿѭӧFWUҧOҥLFKRQJѭӡLFyTX\ӅQQKұQQӃX
KӃWWKӡLKҥQPӝWWUăPWiPPѭѫLQJj\NӇWӯQJj\WKDQKOêKjQJKyDPjQJѭӡLFyTX\ӅQ
QKұQNK{QJÿӃQQKұQWKuVӕWLӅQFzQOҥLSKҧLQӝSYjRQJkQViFKQKjQѭӟF
%ӝ7jLFKtQKFKӫWUuSKӕLKӧSYӟL%ӝGTVT TX\ÿӏQKWKӫWөFWKDQKOêKjQJKyD
0өF 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX;XҩWYұQÿѫQKjQJNK{QJWKӭFҩS
9ұQÿѫQKjQJNK{QJWKӭFҩSOjEҵQJFKӭQJFӫDYLӋFJLDRNӃWKӧSÿӗQJJLDRQKұQKjQJ
KyDÿӇYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJJLӳDGRDQKQJKLӋSJLDRQKұQKjQJKyDYj
QJѭӡLJӱLKjQJÿLӅXNLӋQFӫDKӧSÿӗQJYjYLӋFÿmWLӃSQKұQKjQJKyDÿӇYұQFKX\ӇQ
'RDQKQJKLӋSJLDRQKұQKjQJKyDSKҧLÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩSYӟL%ӝ
GTVT+ӗVѫÿăQJNêEDRJӗP
ĈѫQÿӅQJKӏÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩS
*Lҩ\FKӭQJQKұQÿăQJNêNLQKGRDQK
0үXYұQÿѫQKjQJNK{QJWKӭFҩSSKKӧSYӟLQӝLGXQJYұQÿѫQKjQJNK{QJTX\ÿӏQKWҥLĈLӅX
FӫD/XұWQj\
*Lҩ\FKӭQJQKұQÿăQJNêNLQKGRDQKFӫD QѭӟFQJRjLWURQJWUѭӡQJKӧSOjPÿҥLOê[XҩWDN
YұQÿѫQKjQJNK{QJWKӭFҩSFKR JLDRQKұQKjQJKyDQѭӟFQJRjLDN
%ӝ*LDRWK{QJYұQWҧLFyWUiFKQKLӋP[HP[pWFҩSKRһFNK{QJFҩS*Lҩ\FKӭQJQKұQ
ÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩSWURQJWKӡLKҥQEҧ\QJj\OjPYLӋFNӇWӯQJj\
QKұQÿӫKӗVѫTX\ÿӏQK
'RDQKQJKLӋSÿӅQJKӏFҩS*Lҩ\FKӭQJQKұQÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩS
SKҧLQӝSOӋSKt
0өF 9ұQKjQKNKiFKKjQKOê
ĈLӅX+ӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOê
+ӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOêEҵQJÿѭӡQJKjQJNK{QJOjVӵWKӓDWKXұQ
JLӳDQJѭӡLYұQFKX\ӇQYjKjQKNKiFKWKHRÿyQJѭӡLYұQFKX\ӇQFKX\rQFKӣKjQK
NKiFKKjQKOêÿӃQÿӏDÿLӇPÿӃQYjKjQKNKiFKSKҧLWKDQKWRiQJLiGӏFKYөYұQFKX\ӇQ
9pKjQKNKiFKĈLӅXOӋYұQFKX\ӇQEҧQJJLiGӏFKYөYұQFKX\ӇQYjFiFWKӓDWKXұQNKiF
EҵQJYăQEҧQJLӳDKDLErQOjWjLOLӋXFӫDKӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOê
ĈLӅX9pKjQKNKiFKWKҿKjQKOê
9pKjQKNKiFKOjFKӭQJWӯYұQFKX\ӇQYjOjEҵQJFKӭQJFӫDYLӋFJLDRNӃWKӧSÿӗQJ và
FiFÿLӅXNLӋQFӫDKӧSÿӗQJ9pKjQKNKiFKÿѭӧF[XҩWFKRFiQKkQKRһFWұSWKӇJӗP
FiFQӝLGXQJ(a) ĈӏDÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQ(b) &KӍGүQtWQKҩWPӝWÿӏDÿLӇP
GӯQJWKӓDQӃXYұQFKX\ӇQFyÿӏDÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQӣFQJPӝWTXӕFJLDYj
FyPӝWKRһFQKLӅXÿӏDÿLӇPGӯQJWKӓDWKXұQӣOmQKWKәTXӕFJLDNKiF
3KѭѫQJWLӋQOѭXJLӳWK{QJWLQÿLӋQWӱYӅFyWKӇWKD\WKӃFKRYLӋF[XҩWYpKjQKNKiFK
1JѭӡLYұQFKX\ӇQSKҧLFҩSFKRKjQKNKiFKWKҿKjQKOêÿӕLYӟLPӛLNLӋQKjQKOêNêJӱL
9LӋFJLDRNӃWKӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOêPjWKLӃXPӝWKRһFPӝWVӕQӝL
GXQJTX\ÿӏQKNK{QJҧQKKѭӣQJÿӃQVӵWӗQWҥLYjJLiWUӏSKiSOêFӫDKӧSÿӗQJ
0өF 9ұQKjQKNKiFKKjQKOêWLӃSWKHR
ĈLӅX1JKƭDYөFӫDQJѭӡLYұQFKX\ӇQNKLYұQFKX\ӇQKjQKNKiFK
9ұQFKX\ӇQKjQKNKiFK, KjQKOêÿӃQÿӏDÿLӇPÿӃQWKӓDWKXұQYjJLDRKjQKOêNêJӱLFKR
QJѭӡLFyTX\ӅQQKұQ7K{QJEiRNӏSWKӡLFKRKjQKNKiFKWK{QJWLQYӅFKX\ӃQED\SKҧL
TXDQWkPFKăPVyFKjQKNKiFKÿһFELӋWÿӕLYӟLQJѭӡLNKX\ӃWWұWKRһFQJѭӡLFҫQVӵ
FKăPVyFWURQJTXiWUuQKYұQFKX\ӇQ
7UѭӡQJKӧSKjQKNKiFKÿmÿѭӧF[iFQKұQFKӛWUrQFKX\rQED\QKѭQJYLӋFYұQFKX\ӇQ
EӏJLiQÿRҥQEӏFKұPGR
<ӃXWӕNKiFKTXDQQJѭӡLYұQFKX\ӇQSKҧLWK{QJEiRNӏSWKӡL[LQOӛLKjQKNKiFKEҧR
ÿҧPYLӋFăQQJKӍÿLOҥLYjFKӏXFiFFKLSKtFyOLrQTXDQWUӵFWLӃSSKKӧSYӟLWKӡLJLDQ
SKҧLFKӡÿӧLWҥLFҧQJKjQJNK{QJÿѭӧFTX\ÿӏQKWURQJĈLӅXOӋYұQFKX\ӇQ
/ӛLFӫDQJѭӡLYұQFKX\ӇQQJѭӡLYұQFKX\ӇQFҫQWKӵFKLӋQQJKƭDYөWUrQÿk\, ÿӗQJWKӡLSKҧL
WKX[ӃSKjQKWUuQKSKKӧSFKRKj LӅXOӋYұQFKX\ӇQKRһFKRjQQKNKiFKWKHRTX\ÿӏQKWURQJĈ
WUҧOҥLWLӅQSKҫQYpFKѭDVӱGөQJWKHR\rXFҫXFӫDKjQKNKiFKPjNK{QJÿѭӧFWKXEҩWNǤPӝW
NKRҧQSKtOLrQTXDQQjR
7UѭӡQJKӧSGROӛLFӫDQJѭӡLYұQFKX\ӇQlàm cho KjQKNKiFKÿmÿѭӧF[iFQKұQFKӛ
WUrQFKX\ӃQED\QKѭQJNK{QJÿѭӧFYұQFKX\ӇQKRһFFKX\ӃQED\EӏKӫ\KRһFFKX\ӃQ
ED\EӏFKұPNpRGjLPjNK{QJÿѭӧFQJѭӡLYұQFKX\ӇQWK{QJEiRWUѭӟFWKuQJѭӡLYұQ
FKX\ӇQFyWUiFKQKLӋPWKӵFKLӋQFiFQJKƭDYөWUrQÿӗQJWKӡLSKҧLWUҧPӝWNKRҧQWLӅQEӗL
WKѭӡQJӭQJWUѭӟFNK{QJKRjQOҥLFKRKjQKNKiFK7URQJWUѭӡQJKӧSSKҧLEӗLWKѭӡQJ
WKLӋWKҥLWKHRWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWKuNKRҧQWLӅQQj\ÿѭӧFWUӯYjR
NKRҧQWLӅQEӗLWKѭӡQJ
0өF 9ұQKjQKNKiFKKjQKOêWLӃSWKHR
ĈLӅX4X\ӅQFӫDKjQKNKiFK
ĈѭӧFWK{QJEiREҵQJYăQEҧQYӅPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQ
FKX\ӇQiSGөQJÿӕLYӟLWUѭӡQJKӧSKjQKNKiFKEӏFKӃWEӏWKѭѫQJKjQKOêEӏKѭKӓQJPҩWYjYұQ
FKX\ӇQFKұP
7URQJWUѭӡQJKӧSKjQKNKiFKNK{QJÿѭӧFYұQFKX\ӇQGROӛLFӫDQJѭӡLYұQFKX\ӇQKjQKNKiFK
FyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQWKX[ӃSKjQKWUuQKSKKӧSKRһFKRjQWUҧOҥLWLӅQSKҫQYp
FKѭDVӱGөQJ
7URQJFiFWUѭӡQJKӧSTX\ÿӏQKWҥLĈLӅXKjQKNKiFKÿѭӧFQKұQOҥLWLӅQYpKRһFVӕWLӅQWѭѫQJ
ӭQJFӫDSKҫQYpFKѭDVӱGөQJVDXNKLÿmWUӯSKtYjWLӅQSKҥWÿѭӧFJKLWURQJĈLӅXOӋYұQFKX\ӇQ
7ӯFKӕLFKX\ӃQED\QӃXÿDQJWURQJKjQKWUuQKKjQKNKiFKFyTX\ӅQWӯFKӕLED\WLӃSWҥLEҩWNǤ
FҧQJKjQJNK{QJVkQED\KRһFQѫLKҥFiQKEҳWEXӝFQjRYjFyTX\ӅQQKұQOҥLWLӅQYpKRһFVӕ
WLӅQWѭѫQJӭQJFӫDSKҫQYpFKѭDVӱGөQJVDXNKLÿmWUӯSKtYjWLӅQSKҥWÿѭӧFJKLWURQJĈLӅXOӋ
YұQFKX\ӇQ
ĈѭӧFPLӉQJLiGӏFKYөYұQFKX\ӇQKjQKOêYӟLPӭFWӕLWKLӇXÿѭӧFJKLWURQJĈLӅXOӋYұQFKX\ӇQ
7UҿHPGѭӟLPѭӡLKDLWXәLÿLWjXED\ÿѭӧFPLӉQJLҧPJLiGӏFKYөYұQFKX\ӇQYӟLPӭFJKLWURQJ
ĈLӅXOӋYұQFKX\ӇQ
7UҿHPWӯKDLWXәLÿӃQGѭӟLPѭӡLKDLWXәLÿѭӧFEӕWUtFKӛQJӗLULrQJWUҿHPGѭӟLKDLWXәLNK{QJFy
FKӛQJӗLULrQJYjSKҧLFyQJѭӡLOӟQÿLFQJ
0өF 9ұQKjQKNKiFKKjQKOêWLӃSWKHR
ĈLӅX1JKƭDYөFӫDKjQKNKiFK
7KӵFKLӋQFiFTX\ÿӏQKYӅEҧRÿҧPDQWRjQKjQJNK{QJDQQLQKKjQJNK{QJ và tKӵFKLӋQWKHRVӵ
FKӍGүQFӫDQJѭӡLYұQFKX\ӇQWURQJTXiWUuQKYұQFKX\ӇQ%ӗLWKѭӡQJWKLӋWKҥLNKLKjQKNKiFKFy
OӛLJk\UDWKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQQJѭӡLNKDLWKiFWjXED\
ĈLӅX9ұQFKX\ӇQKjQKOê
+jQKOêEDRJӗPKjQKOêNêJӱLYjKjQKOê[iFKWD\+jQKOêNêJӱLOjKjQKOêFӫDKjQKNKiFK
ÿѭӧFFKX\rQFKӣWURQJWjXED\YjGRQJѭӡLYұQFKX\ӇQEҧRTXҧQWURQJTXiWUuQKYұQFKX\ӇQ
+jQKOê[iFKWD\OjKjQKOêÿѭӧFKjQKNKiFKPDQJWKHRQJѭӡLOrQWjXED\YjGRKjQKNKiFKEҧR
TXҧQWURQJTXiWUuQKYұQFKX\ӇQ
+jQKOêSKҧLÿѭӧFYұQFKX\ӇQFQJ QED\WUӯFiFWUѭӡQJKӧSVDXYӟLKjQKNKiFKWUrQPӝWFKX\Ӄ
ÿk\D 9ұQFKX\ӇQKjQKOêWKҩWOҥFE +jQKOêEӏJLӳOҥLYuOêGRDQWRjQFӫDFKX\ӃQED\F 9ұQ
FKX\ӇQW~LQJRҥLJLDRW~LOmQKVӵG+jQKNKiFKEӏFKӃWWURQJWjXED\YjWKLWKӇÿmÿѭӧFÿѭDNKӓL
tàu bay; e) +jQKOêÿѭӧFYұQFKX\ӇQQKѭKjQJKyDI &iFWUѭӡQJKӧSEҩWNKҧNKiQJ
ĈLӅX7KDQKOêKjQKOê
+jQKOêÿѭӧFWKDQKOêQӃXNK{QJFyQJѭӡLQKұQWURQJWKӡLKҥQEDPѭѫLQJj\NӇWӯQJj\KjQKOê
ÿѭӧFYұQFKX\ӇQÿӃQÿӏDÿLӇPÿӃQKjQKOêPDXKӓQJFyWKӇÿѭӧFWKDQKOêWUѭӟFWKӡLKҥQQj\
7KӫWөFWKDQKOêKjQKOêÿѭӧFWKӵFKLӋQWKHRTX\ÿӏQKJLӕQJQKѭWKDQKOêKjQJKRiÿLӅX
0өF 9ұQFKX\ӇQWKHRKӧSÿӗQJYjYұQFKX\ӇQWKӵFWӃ
ĈLӅX1JѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjQJѭӡLYұQFKX\ӇQWKӵFWӃ
1JѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJOjQJѭӡLJLDRNӃWKӧSÿӗQJYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJYӟLKjQKNKiFKQJѭӡLJӱLKjQJKRһFÿҥLGLӋQFӫDKjQKNKiFKQJѭӡLJӱLKjQJ
1JѭӡLYұQFKX\ӇQWKӵFWӃOjQJѭӡLWKӵFKLӋQWRjQEӝKRһFPӝWSKҫQYұQFKX\ӇQWKHRӫ\TX\ӅQ
FӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJQKѭQJNK{QJSKҧLOjQJѭӡLYұQFKX\ӇQNӃWLӃS(ĈLӅX)
ĈLӅX7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjQJѭӡLYұQFKX\ӇQ
WKӵFWӃ
1JѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJFKӏXWUiFKQKLӋPÿӕLYӟLWRjQEӝYLӋFYұQFKX\ӇQWURQJKӧS
ÿӗQJ1JѭӡLYұQFKX\ӇQWKӵFWӃFKӏXWUiFKQKLӋPÿӕLYӟLSKҫQYұQFKX\ӇQPjPuQKWKӵFKLӋQ
+jQKYLFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjFӫDQKkQYLrQÿҥLOêFӫDKӑWURQJSKҥPYLWKӵF
KLӋQQKLӋPYөÿѭӧFFRLOjKjQKYLFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃOLrQTXDQÿӃQSKҫQYұQFKX\ӇQ
GRQJѭӡLYұQFKX\ӇQWKӵFWӃWKӵFKLӋQ1JѭӡLYұQFKX\ӇQWKӵFWӃNK{QJSKҧLFKӏXWUiFKQKLӋP
FDRKѫQJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL(0өF&KѭѫQJ9,,).
+jQKYLFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃYjQKkQYLrQÿҥLOêFӫDKӑWURQJSKҥPYLWKӵFKLӋQQKLӋP
YөÿѭӧFFRLOjKjQKYLFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJOLrQTXDQÿӃQSKҫQYұQFKX\ӇQGR
QJѭӡLYұQFKX\ӇQWKӵFWӃWKӵFKLӋQ
7KӓDWKXұQFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYӟLNKiFKKjQJNK{QJҧQKKѭӣQJÿӃQWUiFK
QKLӋPFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃWUӯWUѭӡQJKӧSÿmÿѭӧFQJѭӡLYұQFKX\ӇQWKӵFWӃÿӗQJê
0өF 9ұQFKX\ӇQWKHRKӧSÿӗQJYj«WLӃSWKHR
ĈLӅX1JѭӡLQKұQNKLӃXQҥLKRһF\rXFҫX: .KLӃXQҥLKRһF\rXFҫXFyWKӇ
ÿѭӧFJӱLÿӃQQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJKRһFQJѭӡLYұQFKX\ӇQWKӵFWӃ.
Riêng yrXFҫXYӅTX\ӅQÿӏQKÿRҥWKjQJKyD(TX\ÿӏQKWҥLĈLӅX) SKҧLJӱLFKR
QJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJ
ĈLӅX*LӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQKkQYLrQÿҥLOê:
NKkQYLrQKRһFÿҥLOêFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃKRһFFӫDQJѭӡLYұQFKX\ӇQ
WKHRKӧSÿӗQJFyTX\ӅQKѭӣQJFiFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQ(0өF&KѭѫQJ9,,)QӃXFKӭQJPLQKÿѭӧFÿmKjQKÿӝQJWURQJ
SKҥPYLWKӵFKLӋQQKLӋPYө
ĈLӅX7әQJVӕWLӅQEӗLWKѭӡQJWKLӋWKҥL: TәQJVӕWLӅQEӗLWKѭӡQJWKLӋWKҥLPj
QJѭӡLYұQFKX\ӇQWKӵFWӃQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjQKkQYLrQÿҥLOêFӫD
KӑKRҥWÿӝQJWURQJSKҥPYLWKӵFKLӋQQKLӋPYөNK{QJFDRKѫQVӕWLӅQPjQJѭӡLYұQ
FKX\ӇQWKHRKӧSÿӗQJQJѭӡLYұQFKX\ӇQWKӵFWӃSKҧLEӗLWKѭӡQJ0ӛLQJѭӡLYұQ
FKX\ӇQNK{QJSKҧLWUҧTXiJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDPuQK
ĈLӅX1JѭӡLEӏNKӣLNLӋQ: NJѭӡLYұQFKX\ӇQWKӵFWӃKRһFQJѭӡLYұQFKX\ӇQ
WKHRKӧSÿӗQJKRһFFҧKDLÿӅXFyWKӇEӏNKӣLNLӋQ7UѭӡQJKӧSPӝWQJѭӡLEӏNKӣL
NLӋQWKuQJѭӡLÿyFyTX\ӅQÿӅQJKӏ7zDiQÿѭDQJѭӡLFzQOҥLWKDPJLDWӕWөQJ
0өF 9ұQFKX\ӇQKjQJKRiÿһFELӋW
ĈLӅX9ұQFKX\ӇQEѭXSKҭPEѭXNLӋQWKѭ: 9LӋFYұQFKX\ӇQEѭXJӱLEҵQJ
ÿѭӡQJKjQJNK{QJÿѭӧFWKӵFKLӋQWKHRTX\ÿӏQKFӫD/XұWQj\YjTX\ÿӏQKFӫDSKiS
OXұWYӅEѭXFKtQK
ĈLӅX9ұQFKX\ӇQKjQJQJX\KLӇP
+jQJQJX\KLӇPOjYұWKRһFFKҩWFyNKҧQăQJJk\QJX\KLӇPFKRVӭFNKӓHWtQKPҥQJ
FӫDFRQQJѭӡLVӵDQWRjQFӫDFKX\ӃQED\WjLVҧQKRһFP{LWUѭӡQJ
9LӋFYұQFKX\ӇQKjQJQJX\KLӇPEҵQJÿѭӡQJKjQJNK{QJSKҧLWXkQWKHRTX\ÿӏQKFӫD
/XұWQj\YjFiFTX\ÿӏQKNKiFFӫDSKiSOXұWFyOLrQTXDQ
ĈLӅX9ұQFKX\ӇQYNJNKtGөQJFөFKLӃQWUDQKYұWOLӋXSKyQJ[ҥ
0i\ED\GkQVӵYjPi\ED\F{QJYөNK{QJÿѭӧFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
YNJNKtGөQJFөFKLӃQWUDQKYұWOLӋXSKyQJ[ҥYjRKRһFTXDOmQKWKә9LӋW1DPWUӯkhi:
%ӝWUѭӣQJ%ӝ4XӕFSKzQJTX\ӃWÿӏQKWUѭӡQJKӧSÿһFELӋWFKRSKpSYұQFKX\ӇQEҵQJ
ÿѭӡQJKjQJNK{QJYNJNKtGөQJFөFKLӃQWUDQKYjRKRһFTXDOmQKWKә9LӋW1DP
7KӫWѭӟQJ&KtQKSKӫTX\ӃWÿӏQKWUѭӡQJKӧSÿһFELӋWFKRSKpSYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJYұWOLӋXSKyQJ[ҥYjRKRһFTXDOmQKWKә9LӋW1DP
1JRjLFiFTX\ÿӏQKWURQJOXұWQj\YLӋFYұQFKX\ӇQYNJNKtGөQJFөFKLӃQWUDQKYұWOLӋX
SKyQJ[ҥEҵQJÿѭӡQJKjQJNK{QJSKҧLWXkQWKӫFiFTX\ÿӏQKFӫDSKiSOXұWFyOLrQTXDQ
7UiQKQKLӋPGkQVӵ&KѭѫQJ9,,
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQ
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLKjQKNKiFK: 1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLWURQJWUѭӡQJKӧSKjQKNKiFKFKӃWKRһFEӏWKѭѫQJGRWDLQҥQ[ҧ\UDWURQJWjXED\WURQJWKӡL
JLDQQJѭӡLYұQFKX\ӇQÿѭDKjQKNK D\iFKOrQWjXED\KRһFUӡLWjXE
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLKjQJKyDKjQKOê:
ĈӕLYӟLKjQKOê[iFKWD\ QӃX[ҧ\UDPҩWPiWWKLӃXKөWKRһFKѭKӓQJQJѭӡLYұQFKX\ӇQFKӍFKӏX
WUiFKQKLӋPEӗLWKѭӡQJQӃXQJѭӡLYұQFKX\ӇQFyOӛLJk\UDWKLӋWKҥL
ĈӕLYӟLKjQKOêNêJӣLYjKjQJKRi1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLGR
PҩWPiWWKLӃXKөWKѭKӓQJGRVӵNLӋQ[ҧ\UDWӯWKӡLÿLӇPQJѭӡLJӱLKjQJKjQKNKiFKJLDRKjQK
OêNêJӱLFKRQJѭӡLYұQFKX\ӇQÿӃQWKӡLÿLӇPQJѭӡLYұQFKX\ӇQWUҧKjQJKyDKjQKOêNêJӱLFKR
QJѭӡLFyTX\ӅQQKұQÿӕLYӟLYұQFKX\ӇQKjQJKyDWKӡLJLDQWUrQNK{QJEDRJӗPTXiWUuQKYұQ
FKX\ӇQEҵQJÿѭӡQJELӇQÿѭӡQJEӝÿѭӡQJVҳW, ÿѭӡQJWKӫ\QӝLÿӏDWKӵFKLӋQQJRjLFҧQJVkQED\
7UѭӡQJKӧSKjQJKyDÿmÿѭӧFQJѭӡLYұQFKX\ӇQKjQJNK{QJWLӃSQKұQWKuEҩWNǤWKLӋWKҥLQjR
FNJQJÿѭӧFFRLOjNӃWTXҧFӫDVӵNLӋQ[ҧ\UDNKLYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJWUӯWUѭӡQJ
KӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFWKLӋWKҥL[ҧ\UDWURQJJLDLÿRҥQYұQFKX\ӇQEҵQJÿѭӡQJ
ELӇQÿѭӡQJEӝÿѭӡQJVҳWKRһFÿѭӡQJWKӫ\QӝLÿӏD7UѭӡQJKӧSQJѭӡLYұQFKX\ӇQWKD\WKӃPӝW
SKҫQKRһFWRjQEӝYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJEҵQJSKѭѫQJWKӭFYұQFKX\ӇQNKiF
PjNK{QJÿѭӧFVӵÿӗQJêFӫDQJѭӡLJӱLKjQJWKuYLӋFYұQFKX\ӇQEҵQJSKѭѫQJWKӭFNKiFÿy
ÿѭӧFFRLOjYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
1JѭӡLYұQFKX\ӇQSKҧLKRjQWUҧFKRQJѭӡLJӱLKjQJKjQKNKiFKJLiGӏFKYөYұQFKX\ӇQÿӕLYӟL
VӕKjQJKyDKjQKOêNêJӱLEӏWKLӋWKҥL
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0ӭFEӗLWKѭӡQJWKLӋWKҥLKjQJKyDKjQKOê
0ӭFEӗLWKѭӡQJFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟLPҩWPiWWKLӃXKөWKѭKӓQJ
KjQJKyDKjQKOêÿѭӧFWtQKQKѭVDX
7KHRWKӓDWKXұQJLӳDFiFErQQKѭQJNK{QJYѭӧWTXiJLiWUӏWKLӋWKҥLWKӵFWӃ
7KHRPӭFJLiWUӏÿmNrNKDLFӫDYLӋFQKұQKjQJKyDKjQKOêNêJӱLWҥLÿӏDÿLӇP
ÿӃQ7UѭӡQJKӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFJLiWUӏÿmNrNKDLFDR
KѫQJLiWUӏWKӵFWӃWKuPӭFEӗLWKѭӡQJÿѭӧFWtQKWKHRJLiWUӏWKLӋWKҥLWKӵFWӃ
7KHRJLiWUӏWKLӋWKҥLWKӵFWӃÿӕLYӟLKjQJKyDKjQKOêNêJӱLNK{QJNrNKDLJLi
WUӏ
7KHRJLiWUӏWKLӋWKҥLWKӵFWӃÿӕLYӟLKjQKOê[iFKWD\
7URQJWUѭӡQJKӧSKjQJKyDKjQKOêNêJӱLNK{QJNrNKDLJLiWUӏPjEӏPҩW
PiWWKLӃXKөWKѭKӓQJYjNK{QJ[iFÿӏQKÿѭӧFJLiWUӏWKLӋWKҥLWKӵFWӃWKu
PӭFEӗLWKѭӡQJFӫDQJѭӡLYұQFKX\ӇQÿѭӧFWtQKÿӃQPӭFJLӟLKҥQWUiFK
QKLӋPEӗLWKѭӡQJWKLӋWKҥLTX\ÿӏQKWҥLĈLӅX
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX%ҧRKLӇPEҳWEXӝFWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQ
1JѭӡLYұQFKX\ӇQSKҧLPXDEҧRKLӇPEҳWEXӝFWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLÿӕLYӟLWtQKPҥQJVӭFNKӓHFӫDKjQKNKiFKYLӋFPҩWPiWWKLӃX
KөWKѭKӓQJKjQJKyDKjQKOêYjGRYұQFKX\ӇQFKұPKRһFWKӵFKLӋQFiF
ELӋQSKiSEҧRÿҧPNKiFÿӃQPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL
FӫDQJѭӡLYұQFKX\ӇQTX\ÿӏQKWҥLĈLӅX
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLGRYұQFKX\ӇQFKұP
1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL[ҧ\UDGRYұQ
FKX\ӇQFKұPWUӯWUѭӡQJKӧSFKӭQJPLQKÿѭӧFPuQKQKkQYLrQYjÿҥLOê
FӫDPuQKNK{QJWKӇiSGөQJKRһFÿmiSGөQJPӑLELӋQSKiSÿӇWUiQKWKLӋW
KҥLQKѭQJWKLӋWKҥLYүQ[ҧ\UD
9LӋFEӗLWKѭӡQJWKLӋWKҥLGRYұQFKX\ӇQFKұPNK{QJYѭӧWTXiPӭFJLӟL
KҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLTX\ÿӏQKWҥLĈLӅX
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0LӉQJLҧPWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL
7URQJWUѭӡQJKӧSFKӭQJPLQKÿѭӧFWKLӋWKҥL[ҧ\UDGROӛLFӫDErQFyTX\ӅQ\rXFҫXEӗL
WKѭӡQJWKLӋWKҥLQJѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһFWRjQEӝWUiFKQKLӋPEӗL
WKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝOӛLFӫDErQFyTX\ӅQ\rXFҫXEӗLWKѭӡQJWKLӋW
KҥL
ĈӕLYӟLKjQKNKiFK 7URQJWUѭӡQJKӧSFKӭQJPLQKÿѭӧFWKLӋWKҥLÿӕLYӟLWtQKPҥQJ
VӭFNKӓH[ҧ\UDGROӛLFӫDKjQKNKiFKQJѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһF
WRjQEӝWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝOӛLFӫDKjQKNKiFK
QJѭӡLYұQFKX\ӇQNK{QJSKҧLFKӏXWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLWtQKPҥQJ
VӭFNKӓHFӫDKjQKNKiFKQӃXWKLӋWKҥLÿyKRjQWRjQGRWuQKWUҥQJVӭFNKӓHFӫDKjQK
khách gây ra.
ĈӕLYӟLKjQKOêNêJӣL1JѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһFWRjQEӝWUiFK
QKLӋPEӗLWKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝWKLӋWKҥLGRÿһFWtQKWӵQKLrQKRһF
NKX\ӃWWұWYӕQFyFӫDKjQKOêNêJӱLJk\UD
ĈӕLYӟLKjQJKRi 1JѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһFWRjQEӝWUiFKQKLӋPEӗL
WKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝWKLӋWKҥLWURQJFiFWUѭӡQJKӧSVDXÿk\
'RÿһFWtQKWӵQKLrQKRһFNKX\ӃWWұWYӕQFyFӫDKjQJKyD
'RTX\ӃWÿӏQKFӫD7zDiQKRһFFӫDFѫTXDQQKjQѭӟFFyWKҭPTX\ӅQÿӕLYӟLKjQJKyD
'R[ҧ\UDFKLӃQWUDQKKRһF[XQJÿӝWYNJWUDQJ
'ROӛLFӫDQJѭӡLJӱLQJѭӡLQKұQ iSWҧLÿѭӧFQJѭӡLJӱLKjQJKjQJKyDKRһFGROӛLFӫDQJѭӡL
KRһFQJѭӡLQKұQKjQJFӱÿLNqPKjQJKyD
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0ӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQ
ĈӕLYӟLYұQFKX\ӇQKjQKNKiFKPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLYӅWtQK
PҥQJVӭFNKӓHFӫDKjQKNKiFKOj100.000 ÿѫQYӏWtQKWRiQFKRPӛLKjQKNKiFK PӭF
JLӟLKҥQQj\FKӍFyJLiWUӏWURQJWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJ
WKLӋWKҥL[ҧ\UDNK{QJSKҧLGROӛLFӫDPuQKKRһFKRjQWRjQGROӛLFӫDErQWKӭED
ĈӕLYӟLYLӋFYұQFKX\ӇQKjQKNKiFK EӏFKұPPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLOj4.150 ÿѫQYӏWtQKWRiQFKRPӛLKjQKNKiFK
ĈӕLYӟLYұQFKX\ӇQKjQKOê NêJӱLYj[iFKWD\PӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLGRPҩWPiWWKLӃXKөWKѭKӓQJKRһFGRYұQFKX\ӇQFKұPOj1.000 ÿѫQYӏWtQK
WRiQFKRPӛLKjQKNKiFK
ĈӕLYӟLYұQFKX\ӇQKjQJKyDPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLGRPҩW
PiWWKLӃXKөWKѭKӓQJKRһFGRYұQFKX\ӇQFKұPOj17 ÿѫQYӏWtQKWRiQ/kg hàng hóa;
1JѭӡLYұQFKX\ӇQkhông ÿѭӧFKѭӣQJPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕL
YӟLYұQFKX\ӇQKjQKNKiFKEӏFKұP YұQFKX\ӇQKjQKOêKjQJKRi, WURQJWUѭӡQJ
KӧSQJѭӡLYұQFKX\ӇQQKkQYLrQKRһFÿҥLOêFӫDQJѭӡLYұQFKX\ӇQWKӵFKLӋQKjQKYL
Jk\WKLӋWKҥLPӝWFiFKFӕêKRһFGRVӵFҭXWKҧQKѭQJYӟLQKұQWKӭFUҵQJWKLӋWKҥLFyWKӇ
[ҧ\UD7URQJWUѭӡQJKӧSKjQKYLÿyGRQKkQYLrQKRһFÿҥLOêWKӵFKLӋQWKuSKҧLFKӭQJ
PLQKÿѭӧFUҵQJQKkQYLrQKRһFÿҥLOêÿyÿmKjQKÿӝQJNKLWKӵFKLӋQQKLӋPYөFӫDPuQK
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0ӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL«WLӃSWKHR
TUѭӡQJKӧSKjQKNKiFKJӣLKjQKOêNêJӣLQJѭӡLJӱLKjQJFyNrNKDLJLiWUӏFӫD
YLӋFQKұQKjQKOêNêJӣLKjQJKyDWҥLQѫLÿӃQYjWUҧPӝWNKRҧQSKtEәVXQJWKu
QJѭӡLYұQFKX\ӇQSKҧLEӗLWKѭӡQJWKHRPӭFJLiWUӏÿmÿѭӧFNrNKDLWUӯWUѭӡQJ
KӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJJLiWUӏÿmNrNKDLOӟQKѫQJLiWUӏ
WKӵFWӃ
ĈѫQYӏWtQKWRiQOjSDR và ÿѭӧFFKX\ӇQÿәLVDQJVND WKHRWӹJLiFKtQKWKӭFGR
1JkQKjQJQKjQѭӟF9LӋW1DPF{QJEӕWҥLWKӡLÿLӇPWKDQKWRiQ
7UӑQJOѭӧQJFӫDNLӋQKjQJKyDEӏPҩWPiWWKLӃXKөWKѭKӓQJKRһFEӏYұQFKX\ӇQ
FKұPÿѭӧFVӱGөQJÿӇ[iFÿӏQKJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQWURQJWUѭӡQJKӧSYұQFKX\ӇQKjQJKyD7UѭӡQJKӧSSKҫQ
KjQJKyDEӏPҩWPiWWKLӃXKөWKѭKӓQJKRһFYұQFKX\ӇQFKұPOjPҧQKKѭӣQJ
ÿӃQJLiWUӏFӫDFiFNLӋQKjQJKyDNKiFWURQJFQJPӝWYұQÿѫQKjQJNK{QJKRһF
ELrQODLKjQJKyDWKuWUӑQJOѭӧQJFӫDWRjQEӝFiFNLӋQKjQJKyDÿѭӧFVӱGөQJÿӇ
[iFÿӏQKJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQ
7URQJWUѭӡQJKӧSFҫQWKLӃW&KtQKSKӫTX\ӃWÿӏQKWăQJPӭFJLӟLKҥQWUiFKQKLӋP
EӗLWKѭӡQJWKLӋWKҥL ÿѭӧFTX\ÿӏQKWURQJÿLӅXQj\.
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX7KӓDWKXұQYӅPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL
0ӑLWKӓDWKXұQFӫDQJѭӡLYұQFKX\ӇQYӟLKjQKNKiFKQJѭӡLJӱLKjQJQJѭӡL
QKұQKjQJQKҵPPLӉQJLҧPPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQTX\ÿӏQKWҥLĈLӅXÿӅXNK{QJFyJLiWUӏSKiSOê
1JѭӡLYұQFKX\ӇQFyWKӇWKӓDWKXұQYӟLKjQKNKiFKQJѭӡLJӱLKjQJQJѭӡLQKұQ
KjQJYӅFiFPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFDRKѫQFiFPӭFJLӟL
KҥQWUiFKQKLӋPTX\ÿӏQKWҥLĈLӅX
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQ: +jQKNKiFKQJѭӡL
JӱLKjQJQJѭӡLQKұQKjQJSKҧLEӗLWKѭӡQJWKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQQӃXJk\
WKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQKRһFJk\WKLӋWKҥLFKRQJѭӡLWKӭEDPjQJѭӡLYұQ
FKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJ
ĈLӅX7LӅQWUҧWUѭӟF: 7URQJWUѭӡQJKӧS[ҧ\UDWDLQҥQJk\WKLӋWKҥLÿӃQWtQK
PҥQJVӭFNKӓHFӫDKjQKNKiFKWKuQJѭӡLYұQFKX\ӇQSKҧLWUҧQJD\PӝWNKRҧQWLӅQ
FKRKjQKNKiFKKRһFQJѭӡLFyTX\ӅQ\rXFҫXEӗLWKѭӡQJWKLӋWKҥL0ӭFWLӅQWUҧ
WUѭӟFQj\GRQJѭӡLYұQFKX\ӇQTX\ӃWÿӏQKYjÿѭӧFJKLWURQJĈLӅXOӋYұQFKX\ӇQ
.KRҧQWLӅQWUҧWUѭӟFNK{QJSKҧLOjEҵQJFKӭQJÿӇ[iFÿӏQKOӛLFӫDQJѭӡLYұQFKX\ӇQ
YjÿѭӧFWUӯYjRVӕWLӅQEӗLWKѭӡQJWKLӋWKҥLPjQJѭӡLYұQFKX\ӇQSKҧLWUҧ
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX.KLӃXQҥLYjNKӣLNLӋQQJѭӡLYұQFKX\ӇQ
+jQKNKiFKQJѭӡLJӱLKjQJQJѭӡLQKұQKjQJKRһFQJѭӡLÿҥLGLӋQKӧSSKiSFӫDKӑFyTX\ӅQ
NKLӃXQҥLNKӣLNLӋQQJѭӡLYұQFKX\ӇQÿӇEҧRYӋTX\ӅQYjOӧLtFKKӧSSKiSNKLEӏ[kPKҥL
7UѭӟFNKLNKӣLNLӋQYӅPҩWPiWWKLӃXKөWKѭKӓQJYұQFKX\ӇQFKұPKjQJKyDKjQKOêNêJӱL
QJѭӡLFyTX\ӅQNKӣLNLӋQSKҧLNKLӃXQҥLEҵQJYăQEҧQÿӃQQJѭӡLYұQFKX\ӇQWURQJWKӡLKҥQVDX
TrUѭӡQJKӧSPҩWPiWWKLӃXKөWKѭKӓQJKjQKOê: 7 QJj\NӇWӯQJj\QKұQKjQKOê
TUѭӡQJKӧSWKLӃXKөWKѭKӓQJKjQJKyD: 14 QJj\NӇWӯQJj\QKұQKjQJ
7UѭӡQJKӧSPҩWPҩWPiWKjQJKRi 21 QJj\NӇWӯQJj\ÿ~QJUDSKҧLWUҧKjQJ
TUѭӡQJKӧSYұQFKX\ӇQFKұP hành lý, hàng hóa: 21 ngày NӇWӯQJj\QJѭӡLFyTX\ӅQQKұQÿm
QKұQÿѭӧFKjQKOêKRһFKjQJKyD
1JѭӡLYұQFKX\ӇQSKҧLWK{QJEiRFKRQJѭӡLNKLӃXQҥLELӃWYLӋFFKҩSQKұQKRһFNK{QJFKҩSQKұQ
NKLӃXQҥLWURQJWKӡLKҥQEDPѭѫLQJj\NӇWӯQJj\QKұQÿѭӧFNKLӃXQҥL7UѭӡQJKӧSNKLӃXQҥL
NK{QJÿѭӧFFKҩSQKұQKRһFTXiWKӡLKҥQWUrQPjNK{QJQKұQÿѭӧFWK{QJEiRWUҧOӡLWKuQJѭӡL
NKLӃXQҥLFyTX\ӅQNKӣLNLӋQ
9LӋFNKӣLNLӋQYӅWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQJѭӡLYұQFKX\ӇQFKӍÿѭӧFWKӵFKLӋQ
WKHRFiFÿLӅXNLӋQYjPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLTX\ÿӏQKWҥL/XұWQj\
7UѭӡQJKӧSYLӋFNKLӃXQҥLNK{QJÿѭӧFWKӵFKLӋQWURQJWKӡLKҥQTX\ÿӏQKWKuYLӋFNKӣLNLӋQNK{QJ
FyJLiWUӏWUӯWUѭӡQJKӧSFyVӵOӯDGӕLWӯSKtDQJѭӡLYұQFKX\ӇQKRһFQJѭӡLFyTX\ӅQNKLӃXQҥL
FyOêGRFKtQKÿiQJ
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX4X\ӅQFӫDQKkQYLrQÿҥLOêFӫDQJѭӡLYұQFKX\ӇQNKLEӏ
NKLӃXQҥL
7URQJWUѭӡQJKӧSQKkQYLrQÿҥLOêFӫDQJѭӡLYұQFKX\ӇQEӏNKLӃXQҥLYӅ
EӗLWKѭӡQJWKLӋWKҥLWKuQKkQYLrQÿҥLOêÿyFyTX\ӅQKѭӣQJFiFJLӟLKҥQ
WUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQWKHRTX\ÿӏQKWҥL
0өF&KѭѫQJ9,,FӫD/XұWQj\QӃXQKkQYLrQÿҥLOêÿyÿmKjQKÿӝQJ
WURQJSKҥPYLWKӵFKLӋQQKLӋPYө
7әQJVӕWLӅQEӗLWKѭӡQJWKLӋWKҥLPjQJѭӡLYұQFKX\ӇQQKkQYLrQÿҥLOê
FӫDQJѭӡLYұQFKX\ӇQSKҧLFKӏXNK{QJYѭӧWTXiPӭFJLӟLKҥQWUiFKQKLӋP
EӗLWKѭӡQJWKLӋWKҥLWKHRTX\ÿӏQKFӫD/XұWQj\
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX7KҭPTX\ӅQJLҧLTX\ӃWFӫD7zDiQ9LӋW1DPÿӕLYӟLWUDQKFKҩSWURQJYұQFKX\ӇQ
KjQJNK{QJTXӕFWӃ
7zDiQ9LӋW1DPFyWKҭPTX\ӅQJLҧLTX\ӃWWUDQKFKҩSSKiWVLQKWӯKӧSÿӗQJYұQFKX\ӇQKjQJ
NK{QJTXӕFWӃWKHROӵDFKӑQFӫDQJѭӡLNKӣLNLӋQWURQJFiFWUѭӡQJKӧSVDXÿk\
a)1JѭӡLYұQFKX\ӇQFyWUөVӣFKtQKKRһFÿӏDÿLӇPNLQKGRDQKFKtQKWҥL9LӋW1DP
b)1JѭӡLYұQFKX\ӇQFyÿӏDÿLӇPNL QFKX\ӇQWҥL9LӋW1DPQKGRDQKYjJLDRNӃWKӧSÿӗQJYұ
c) 9LӋW1DPOjÿӏDÿLӇPÿӃQFӫDKjQKWUuQKYұQFKX\ӇQ
+ӧSÿӗQJYұQFKX\ӇQTXӕFWӃOjKӧSÿӗQJFyÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQWUrQOmQKWKәFӫD2
TXӕFJLDKRһFWUrQOmQKWKәFӫDPӝWTXӕFJLDQKѭQJFyÿӏDÿLӇPGӯQJWKӓDWKXұQWUrQOmQKWKәFӫD
PӝWTXӕFJLDNKiFNӇFҧFyJLiQÿRҥQWURQJYұQFKX\ӇQKRһFFKX\ӇQWҧL
1JRjLTX\ÿӏQKWUrQÿk\ÿӕLYӟLWUDQKFKҩSYӅWKLӋWKҥL[ҧ\UDWURQJWUѭӡQJKӧSKjQKNKiFKEӏFKӃW
KRһFEӏWKѭѫQJ7zDiQ9LӋW1DPFyWKҭPTX\ӅQJLҧLTX\ӃWWUDQKFKҩSWURQJWUѭӡQJKӧSKjQK
NKiFKFyQѫLFѭWU~FKtQKYjWKѭӡQJ[X\rQWҥL YjRWKӡLÿLӇP[ҧ\UDWDLQҥQYӟLÿLӅXNLӋQVN
a) 1JѭӡLYұQFKX\ӇQFyKRҥWÿӝQJNKDLWKiFYұQFKX\ӇQKjQKNKiFKWUӵFWLӃSEҵQJWjXED\
FӫDPuQKKRһFEҵQJWjXED\FӫDQJѭӡLYұQFKX\ӇQNKiFWKHRKӧSÿӗQJJLDRNӃWJLӳDQKӳQJ
QJѭӡLYұQFKX\ӇQYӅYLӋFOLrQGDQKNKDLWKiFFiFFKX\ӃQED\YұQFKX\ӇQKjQKNKiFK
b) 1JѭӡLYұQFKX\ӇQVӱGөQJWUөVӣFӫDPuQKKRһFWUөVӣFӫDQJѭӡLYұQFKX\ӇQNKiFFyKӧS
ÿӗQJOLrQGDQKJLDRNӃWYӟLPuQKÿӇNLQKGRDQKYұQFKX\ӇQKjQKNKiFKEҵQJÿѭӡQJKjQJ
NK{QJWҥL9LӋW1DP
7UuQKWӵWKӫWөFJLҧLTX\ӃWWUDQKFKҩSWKӵFKLӋQWKHRTX\ÿӏQKFӫD/XұWQj\YjSKiSOXұWYӅWӕWөQJ
GkQVӵFӫD9LӋW1DP
0өF 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX*LҧLTX\ӃWWUDQKFKҩSEҵQJ7UӑQJWjL
&iFErQFӫDKӧSÿӗQJYұQFKX\ӇQKjQJKyDFyWKӇWKӓDWKXұQJLҧLTX\ӃWWUDQKFKҩSSKiW
VLQKEҵQJ7UӑQJWjL7KӓDWKXұQWUӑQJWjLSKҧLÿѭӧFOұSWKjQKYăQEҧQ
ĈӕLYӟLWUDQKFKҩSSKiWVLQKWӯKӧSÿӗQJYұQFKX\ӇQKjQJKyDTXӕFWӃOLrQTXDQÿӃQ
WUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQYLӋFJLҧLTX\ӃWEҵQJ7UӑQJWjLWҥL
9LӋW1DPFKӍÿѭӧFWKӵFKLӋQWURQJFiFWUѭӡQJKӧSTX\ÿӏQKWҥLNKRҧQYjNKRҧQĈLӅX
172. 4X\ÿӏQKQj\ÿѭӧFFRLOjPӝWSKҫQFӫDEҩWNǤÿLӅXNKRҧQKRһFWKӓDWKXұQWUӑQJWjL
QjR0ӑLÿLӅXNKRҧQYjWKӓDWKXұQWUӑQJWjLWUiLYӟLTX\ÿӏQKQj\ÿӅXEӏFRLOjY{KLӋX
ĈLӅX7KӡLKLӋXNKӣLNLӋQYӅWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡL
YұQFKX\ӇQ: 7KӡLKLӋXNKӣLNLӋQYӅWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQ
ÿӕLYӟLWKLӋWKҥL[ҧ\UDFKRKjQKNKiFKKjQKOêKjQJKyDOjKDLQăPNӇWӯQJj\WjXED\
ÿӃQÿӏDÿLӇPÿӃQQJj\WjXED\SKҧLÿӃQÿӏDÿLӇPÿӃQKRһFWӯQJj\YLӋFYұQFKX\ӇQEӏ
FKҩPGӭWW\WKXӝFYjRWKӡLÿLӇPQjRPXӝQQKҩW
0өF 7UiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQJѭӡLWKӭEDӣPһWÿҩW
0өF 7UiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLNKLPi\ED\YDFKҥPKRһFFҧQ
WUӣQKDX
&iFF{QJѭӟFTXӕFWӃYӅEӗLWKѭӡQJWKLӋWKҥLFKRQJѭӡL
WKӭӣPһWÿҩW
Convention for the Unification of Certain Rules Relating to Damage Caused by Foreign
Aircraft to Third Parties on the Surface (1933 Rome Convention) - &{QJѭӟFWKӕQJQKҩWPӝW
VӕTX\WҳFOLrQTXDQÿӃQWKLӋWKҥLGRPi\ED\QѭӟFQJRjLJk\UDFKRErQWKӭEDWUrQPһWÿҩW
&{QJѭӟF5RPH
Protocol Supplementary to the Convention for the Unification of Certain Rules Relating to
Damage Caused by Foreign Aircraft to Third Parties on the Surface (1938 Brussels Protocol)
- 1JKӏÿӏQKWKѭEәVXQJFKR&{QJѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFOLrQTXDQÿӃQWKLӋWKҥLGR
Pi\ED\QѭӟFQJRjLJk\UDFKRErQWKӭEDWUrQPһWÿҩW1JKӏÿӏQKWKѭ%UXVVHOV
Convention on Damage Caused by Foreign Aircraft to Third Parties on the Surface signed at
Rome on 7 October 1952 (1952 Rome Convention) - &{QJѭӟFYӅ7KLӋWKҥLGR0i\ED\
1ѭӟFQJRjL*k\UDFKR%rQ7KӭEDWUrQ0һWÿҩWÿѭӧFNêWҥL5RPHYjRQJj\WKiQJ
QăP&{QJѭӟF5RPH
Protocol to Amend the Convention on Damage Caused by Foreign Aircraft to Third Parties on
the Surface, as adopted and signed at Montreal on 23 September 1978 and entered into
force on 25 July 2002 (The 1978 Protocol) - 1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟFYӅWKLӋWKҥLGR
Pi\ED\QѭӟFQJRjLJk\UDFKRErQWKӭEDWUrQPһW ÿҩWÿѭӧFWK{QJTXDYjNêNӃWWҥL
0RQWUHDOYjRQJj\WKiQJQăPYjFyKLӋXOӵFYjRQJj\WKiQJQăP1JKӏ
ÿӏQKWKѭQăP
| 1/92

Preview text:

*LӟLWKLӋXKӑFSKҫQ
/XұWYұQWҧLYjFiFF{QJѭӟFTXӕFWӃ
7UDQVSRUW/DZDQG,QWHUQDWLRQDO&RQYHQWLRQV WLӃWOêWKX\ӃW &KѭѫQJ
7rQFKѭѫQJWKHRÿӅFѭѫQJFKLWLӃW 6ӕWLӃW
9DLWUzFӫD/XұWYұQWҧLTXӕFWӃ 
&{QJѭӟFYұQWҧLÿѭӡQJEӝTXӕFWӃ7,5 
&{QJѭӟF0RQWUHDOYj1JKӏÿӏQKWKѭ0RQWUHDOYӅYұQWҧL  KjQJNK{QJ
1JKӏÿӏQKWKѭ/DKD\ 
/XұWKjQJNK{QJGkQGөQJ9LӋW1DPVӱDÿәLEәVXQJQăP  
&iF&{QJѭӟFTXӕFWӃYӅYұQWҧLELӇQ 
/XұWKjQJKҧL9LӋW1DP  7әQJ 
1ӝLGXQJKӑFWұSÿѭӧFÿLӅXFKӍQK &KѭѫQJ
7rQFKѭѫQJVDXNKLÿLӅXFKӍQK 6ӕWLӃW
7әQJTXDQYӅPXDEiQYjYұQWҧLKjQJKRi 
&iFÿLӅXѭӟFTXӕFWӃYӅJLDRWK{QJÿѭӡQJEӝ 
/XұWJLDRWK{QJÿѭӡQJEӝ9LӋW1DPÿѭӡQJVҳW 
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLKjQJNK{QJTXӕFWӃ 
/XұWKjQJNK{QJGkQGөQJ9LӋW1DP± VӱDÿәL 
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLELӇQ 
/XұWKjQJKҧL9LӋW1DP  7әQJ  &KѭѫQJ 
7әQJTXDQYӅOXұWYjÿLӅXѭӟFTXӕFWӃWURQJ
YұQWҧLKjQJKRi 6ӕ 0өF 1ӝLGXQJ WLӃW 
0XDEiQKjQJKRiYjYұQWҧLKjQJKRi  
.KiLQLӋPÿһFÿLӇPYjYDLWUzFӫDYұQWҧLKjQJKRi 
7әQJTXDQYӅOXұWYjÿLӅXѭӟFTXӕFWӃWURQJWURQJYұQWҧL   KjQJKRi 7әQJ 
0XDEiQKjQJKRiYjYұQWҧLKjQJKRi
 7KѭѫQJPҥL+RҥWÿӝQJWKѭѫQJPҥLOjKRҥWÿӝQJQKҵPPөFÿtFKVLQKOӧLEDRJӗP
PXDEiQKjQJKRiFXQJӭQJGӏFKYөÿҫXWѭ[~FWLӃQWKѭѫQJPҥLYjFiFKRҥWÿӝQJ
QKҵPPөFÿtFKVLQKOӧLNKiF ÿ  ˿
 7KѭѫQJPҥLFRPPHUFHÿѭӧFKLӇXWKHRQJKƭDUӝQJQKҩWWѭѫQJÿѭѫQJYӟLNLQK
GRDQKEXVLQHVV± ³FRPPHUFH´FyNKiFYӟL³WUDGH´
 7KHRQJKƭDKҽSWKѭѫQJPҥLÿѭӧFKLӇXOjTXiWUuQKPXDEiQKjQJKRiYjFXQJӭQJ
GӏFKYөJLӳDFiFErQ
 7KѭѫQJPҥLTXӕFWӃFNJQJKLӇXWKHRQJKƭDUӝQJYjQJKƭDKҽS7URQJFiFKLӋSÿӏQK
TXӕFWӃWKѭӡQJÿѭӧFSKkQWKjQK³WKѭѫQJPҥLKjQJKRi´Yj³WKѭѫQJPҥLGӏFKYө´
 0XDEiQKjQJKRi OjKRҥWÿӝQJWKѭѫQJPҥLWKHRÿyErQEiQFyQJKƭDYөJLDR
KjQJFKX\ӇQTX\ӅQVӣKӳXKjQJKyDFKRErQPXDYjQKұQWKDQKWRiQErQPXD
FyQJKƭDYөWKDQKWRiQFKRErQEiQQKұQKjQJYjTX\ӅQVӣKӳXKjQJKRiWKHR
WKӓDWKXұQNKRҧQÿLӅXOXұW7091
 7KѭѫQJPҥLKjQJKRi PXDEiQKjQJKRiWURQJQѭӟFYjTXӕFWӃOX{QJҳQOLӃQYӟL YұQWҧLKjQJKRi 
;1.KjQJKRiFӫD9LӋW1DPWӹ86'       ;. 1. 7әQJ                                                                                                                                                                                                                                                                                                                           
;XҩWQKұSNKҭXGӏFKYөFӫD9LӋW1DP7ӹ86'            ;XҩWNKҭX 1KұSNKҭX                                                                                     
0XDEiQKjQJKRiYjYұQWҧLKjQJKRiWLӃSWKHR  0XDEiQKjQJKRi
 *LDRGӏFKJLӳDQJѭӡLPXDYjQJѭӡLEiQ
 +ӧSÿӗQJPXDEiQKjQJKRi
 0ӝWJLDRGӏFKPXDEiQKjQJKRiVӁOjPSKiWVLQKFiFJLDRGӏFKNKiFYұQWҧL
JLDRQKұQJLiPÿӏQKWKDQKWRiQEҧRKLӇPKҧLTXDQ«
 9ұQWҧLKjQJKRi
 +RҥWÿӝQJSKiWVLQKWӯPXDEiQKjQJKRi
 *LDRGӏFKJLӳDQJѭӡLWKXrSKѭѫQJWLӋQYұQWҧLFKӫKjQJQJѭӡLWKD\PһWFKR
FKӫKjQJ«YjQJѭӡLYұQWҧLFKӫSKѭѫQJWLӋQQJѭӡLNLQKGRDQKGӏFKYөYұQ
WҧLGӏFKYөORJLVWLFV«
 +ӧSÿӗQJYұQWҧLKjQJKRiWKXӝFWKӇORҥL³KӧSÿӗQJYұQWҧL´
 1JKLrQFӭXOXұWWURQJWKѭѫQJPҥLFҫQWuPKLӇXYӅPXDEiQKjQJKRiYұQ
WҧLJLDRQKұQWKDQKWRiQEҧRKLӇPKҧLTXDQ«
.KiLQLӋPÿһFÿLӇPYDLWUzYjFiFSKѭѫQJWKӭFYұQWҧLKjQJKRi
&iFNKiLQLӋP
 YұQWҧLKjQJKyDÿѭӧFKLӇXOjYLӋFJLDRQKұQKjQJKyDWӯQѫLQj\ÿӃQQѫLNKiF
7K{QJWKѭӡQJYұQWҧLKjQJKyDJҳQYӟLFiFGӏFKYөYұQWҧLKjQJKyDYjFyVӵNê
NӃWKӧSÿӗQJYұQWҧLJLӳDQJѭӡLJӱLKjQJYjQJѭӡLYұQWҧL
 +ӧSÿӗQJYұQWҧLWjLVҧQOjVӵWKRҧWKXұQJLӳDFiFErQWKHRÿyErQYұQWҧLFy
QJKƭDYөFKX\ӇQWjLVҧQÿӃQÿӏDÿLӇPÿmÿӏQKWKHRWKRҧWKXұQYjJLDRWjLVҧQÿyFKR
QJѭӡLFyTX\ӅQQKұQFzQErQWKXrYұQWҧLFyQJKƭDYөWUҧFѭӟFSKtYұQWҧLÿLӅX
/XұW'691
 7jLVҧQEDRJӗPYұWWLӅQJLҩ\WӡFyJLiYjFiFTX\ӅQWjLVҧQĈѭӧFFKLDWKjQKEҩW
ÿӝQJVҧQYjÿӝQJVҧQKLӋQFyYjKuQKWKjQKWURQJWѭѫQJODLÿLӅX/XұW'kQ 6ӵ91
 3KkQELӋWGӏFKYөORJLVWLFVYjYұQWҧLKjQJKRi
 'ӏFKYөORJLVWLFVOjKRҥWÿӝQJWKѭѫQJPҥLWKHRÿyWKѭѫQJQKkQWәFKӭFWKӵFKLӋQPӝW
KRһFQKLӅXF{QJYLӋFEDRJӗPQKұQKjQJYұQWҧLOѭXNKROѭXEmLOjPWKӫWөFKҧL
TXDQFiFWKӫWөFJLҩ\WӡNKiFWѭYҩQNKiFKKjQJÿyQJJyLEDREuJKLNêPmKLӋXJLDR
KjQJKRһFFiFGӏFKYөNKiFFyOLrQTXDQÿӃQKjQJKRiWKHRWKRҧWKXұQYӟLNKiFKKjQJ
ÿӇKѭӣQJWKODRWUtFKÿLӅX/XұW7091
 9ұQWҧLKjQJKRiOjPӝWKRҥWÿӝQJWURQJQKyPFiFGӏFKYөORJLVWLFV
ĈһFÿLӇPFӫDGӏFKYөYұQWҧLKjQJKRi
 9ұQWҧL KjQJKyDOjQJjQKGӏFKYөQrQNKiFYӟLOƭQKYӵFVҧQ[XҩWGӏFKYө
YұQWҧLKjQJKyDFyQKӳQJÿһFÿLӇPFѫEҧQVDX
 7tQKY{KuQKYұQWҧLKjQJKyDOjVҧQSKҭPGӏFKYөQrQFyWuQKY{KuQK5ҩWNKy
TXҧQWUӏFKҩWOѭӧQJÿiQKJLiFKҩWOѭӧQJ«'RDQKQJKLӋSNLQKGRDQKGӏFKYөYұQ
WҧLFҫQFK~WUӑQJÿӃQ[k\GӵQJWKѭѫQJKLӋXWURQJFҥQKWUDQK
 7tQKNK{QJÿӗQJQKҩW5ҩWNKyFyWLrXFKXҭQÿiQKJLiFKҩWOѭӧQJFKҩWOѭӧQJ
NKyNLӇPVRiWNK{QJәQÿӏQK
 7tQKNK{QJWKӇWiFKUӡL4XiWUuQKFXQJӭQJGӏFKYөYjWLrXGQJGLӉQUDÿӗQJ
WKӡL.KLNKiFKKjQJFyQKXFҫXO~FÿyQJѭӡLYұQWҧLPӟLFXQJFҩSGӏFKYө.Ky
EҧRÿҧPVӵәQÿӏQKFӫDFKҩWOѭӧQJSKөWKXӝFYjRQKkQYLrQFXQJFҩSGӏFKYө
YjVӵWKDPJLDFӫDNKiFKKjQJGӉWҥRUDVӵ[XQJÿӝWJLӳDQKXFҫXYjNKҧQăQJ FXQJӭQJ«
 7tQKWӗQNKRKҥQFKӃ.K{QJWKӇWӗQNKRQKѭ WURQJOƭQKYӵFVҧQ[XҩWQrQGӉ
SKiWVLQK[XQJÿӝWJLӳDQKXFҫXYjNKҧQăQJFXQJӭQJ
9DLWUzFӫDYұQWҧLKjQJKRi
 9ұQWҧLKjQJKyDJL~SNKҳFSKөFNKRҧQJFiFKYӅNK{QJJLDQYjWKӡLJLDQ
JLӳDVҧQ[XҩWYjWLrXGQJ
 9ұQWҧLKjQJKRiJL~SNӃWQӕLGRDQKQJKLӋSVҧQ[XҩWYӟLWKӏWUѭӡQJ
 9ұQWҧL KjQJKRiNK{QJOjPJLDWăQJNKӕLOѭӧQJKjQJKRiQKѭQJJL~SQkQJ
FDRJLiWUӏKjQJKRi
 9ұQWҧLKjQJKRiOjPӝWKRҥWÿӝQJTXDQWUӑQJGӏFKYөORJLVWLFVFNJQJQKѭ
WURQJTXҧQWUӏORJLVWLFVWURQJFiFGRDQKQJKLӋS
 7URQJWKѭѫQJPҥLTXӕFWӃYұQWҧLKjQJKRiOjPӝWWURQJQKӳQJÿӝQJOӵF
TXDQWUӑQJWK~Fÿҭ\WRjQFҫXKRi
 9ұQWҧLKjQJKRiҧQKKѭӣQJÿӃQVӭFFҥQKWUDQKFӫDGRDQKQJKLӋSWUrQWKӏ
WUѭӡQJWK{QJTXDED\ӃXWӕFKLSKtWKӡLJLDQYjPӭFÿӝUӫLURWURQJYұQWҧL
&iFKuQKWKӭFYұQWҧLKjQJKRi  &iFKuQKWKӭF
 ĈѭӡQJEӝÿѭӡQJVҳW{W{
 ĈѭӡQJWKXӹELӇQV{QJ  ĈѭӡQJNK{QJ  ĈDSKѭѫQJWKӭF
 .KiFĈѭӡQJGk\ĈѭӡQJӕQJ  7KӵFWLӉQ
 7URQJQѭӟFĈѭӡQJEӝOjFKӫ\ӃXWәQJOѭӧQJKjQJKRi
 4XӕFWӃĈѭӡQJELӇQOjFKӫ\ӃXWәQJOѭӧQJKjQJKRi
7әQJNKӕLOѭӧQJKjQJKRiYұQWҧLWURQJQѭӟFQJKuQWҩQ                                               
7ӹWUӑQJQJjQKYұQWҧL      ĈѭӡQJ
        NK{QJ   ĈѭӡQJVҳW       ĈѭӡQJELӇQ               ĈѭӡQJ   V{QJ                                                ĈѭӡQJEӝ                                                         
9ұQWҧLTXӕFWӃ*OREDOIUHLJKWGHPDQGZLOOWULSOHEHWZHHQ DQGEDVHGRQWKH
FXUUHQWGHPDQGSDWKZD\2IWKH WULOOLRQWNPWUDQVSRUWHGZRUOGZLGHLQ
WUDYHOOHGE\VHDE\URDGE\UDLODQGE\LQODQGZDWHUZD\/HVVWKDQ
RIJOREDOIUHLJKWLQWNPLVWUDQVSRUWHGE\DLU
&iFErQOLrQTXDQÿӃQYұQWҧLKjQJKRi
 'ӏFKYөYұQWҧLKjQJKyDSKөFYөKRҥWÿӝQJPXDEiQKjQJKyD7URQJTXiWUuQKQj\
FyQKLӅXÿӕLWѭӧQJWKDPJLDSKәELӃQEDRJӗP
 1JѭӡLEiQKjQJVHOOHUQJѭӡLEiQKjQJWURQJKӧSÿӗQJWKѭѫQJPҥL
 1JѭӡLPXDKjQJEX\HUQJѭӡLPXDÿӭQJWrQWURQJKӧSÿӗQJWKѭѫQJPҥLYjWUҧWLӅQ PXDKjQJ
 1JѭӡLJӱLKjQJFRQVLJQRUVKLSSHUQJѭӡLJӱLKjQJNêKӧSÿӗQJYұQWҧLYӟL1JѭӡL
JLDRQKұQ KRһFQJѭӡL YұQWҧL
 1JѭӡLYұQWҧLKD\QJѭӡLFKX\rQFKӣFDUULHUYұQWҧLKjQJWӯÿLӇPJLDRÿӃQÿLӇPQKұQ
WKHRKӧSÿӗQJYұQWҧL NKLYӟLQJѭӡLJӣLKjQJFKӫKjQJKRһFQJѭӡLJLDRQKұQ
 &iFÿҥLOêYұQWҧLÿѭӡQJNK{QJÿѭӡQJELӇQFiFQKjP{LJLӟLKjQJKҧL
 1JѭӡLJLDRQKұQ)RUZDUGHU ÿѭӧFJӑLWҳWWӯ)UHLJKW)RUZDUGHUQJѭӡLWUXQJJLDQWURQJ
PӕLTXDQKӋJLӳDQJѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJ)RUZDUGHUOjErQVӁQKұQKjQJ
WӯFKӫKjQJVDXÿyWKXrQJѭӡLYұQWҧLFDUULHUÿӇYұQWҧLKjQJYjWәFKӭFÿӇJLDRÿӃQ
WD\QJѭӡLQKұQWKHRKӧSÿӗQJ
 1JѭӡLQKұQKjQJFRQVLJQHHQJѭӡLFyTX\ӅQQKұQKjQJKyD
YұQWҧLKjQJKRiTXӕFWӃ
 +RҥWÿӝQJYұQWҧLKjQJKRiPjÿLӇPÿҫXYjFXӕLOjKDLTXӕFJLDNKiFQKDX
 &yKuQKWKӭFYұQWҧLTXӕFWӃSKәELӃQĈѭӡQJELӇQÿѭӡQJEӝÿѭӡQJVҳW YjÿѭӡQJNK{QJ
 YұQWҧLKjQJKRiTXӕFWӃҧQKKѭӣQJÿӃQWKѭѫQJPҥLTXӕFWӃӣFiFNKtD FҥQK  &KLSKt  7KӡLJLDQ  5ӫLUR
 &iFErQOLrQTXDQÿӃQYұQWҧL1JѭӡLWKXrYұQWҧLQJѭӡLYұQWҧLQJѭӡLJLDR
QKұQQJѭӡLQKұQFiFFѫ TXDQFӫDFKtQKSKӫ«
3KiSOXұWYjÿLӅXѭӟFTXӕFWӃWURQJYұQWҧL
7әQJTXDQYӅSKiSOXұWYjNLQKGRDQK
 +ӋWKӕQJSKiSOXұWPӝWTXӕFJLDSKkQFKLDWKjQKKLӃQSKiSFRQVWLWXWLRQOXұWF{QJ
SXEOLFODZYjOXұWWѭSULYDWHODZ
 +LӃQSKiS+LӃQSKiSÿѭӧFEDQKjQKQKҵPKӋWKӕQJKyDQKӳQJQJX\rQWҳFÿѭӧF
FKҩSQKұQFKXQJGQJÿӇÿLӅXKjQKÿҩWQѭӟF&yVӵNKiFQKDXӣFiFTXӕFJLD
+LӃQSKiSWұSWUXQJTX\ÿӏQKYӅKӋWKӕQJFKtQKTX\ӅQWURQJPӝWQѭӟFYjTX\ӅQ
FӫDF{QJGkQ7X\QKLrQWKHRWKHRWKӡLJLDQSKҥPYLÿLӅXFKӍQKFӫDKLӃQSKiSFy
[XKѭӟQJÿѭӧFPӣUӝQJVDQJFiFTXDQKӋNKiFFKtQKWUӏNLQKWӃYăQKyD«Î
+LӃQSKiSOjOXұWFѫEҧQFӫDQKjQѭӟFPӑLQJjQKOXұWÿӅX[XҩWKLӋQWUrQFѫVӣ FӫDKLӃQSKiS
 /XұWF{QJ4X\ÿӏQKQJKƭDYөFӫDF{QJGkQYӟLQKjQѭӟFQKjQѭӟFÿҥLGLӋQYj
EҧRYӋTX\ӅQOӧLFKRF{QJGkQYjFӝQJÿӗQJFӫDKӑÎ 0DQJWtQKEҳWEXӝFSKҧL WXkQWKӫ
 /XұWWѭ4X\ÿӏQKQJKƭDYөFӫDF{QJGkQÿӕLYӟLQKDXÎ .K{QJPDQJWtQKEҳW
EXӝFPDQJWtQKÿӏQKKѭӟQJFiFErQÿѭӧFTX\ӅQWӵGRWKӓDWKXұQQӃXNK{QJ
WKӓDWKXұQWKuiSGөQJWKHROXұW
4XDQKӋJLӳDKӧSÿӗQJYjNLQKGRDQKTXӕFWӃ
 .LQKGRDQKWUrQPӝWTXӕFJLDQjRÿyFK~QJWDSKҧLWXkQWKӫWKHRQKӳQJTX\
ÿӏQKEҳWEXӝFFӫDTXӕFJLDÿyOXұWÿҫXWѭOXұW'1OXұWWKXӃNӃWRiQODR
ÿӝQJP{LWUѭӡQJ«
 4XDQKӋNLQKGRDQKJLӳDFiFErQÿѭӧFKuQKWKjQKWUrQFiFWKӓDWKXұQPj
FK~QJWDWKѭѫQJJӑLOjKӧSÿӗQJ&iFWKӓDWKXұQQj\
 .K{QJÿѭӧFOjPWKD\ÿәLQJKƭDYөFӫDFiFErQWKHRTX\ÿӏQKFӫDOXұWF{QJ
&K~QJWDFyWKӇWKӓDWKXұQErQSKҧLWKӵFKLӋQQJKƭDYөQKѭQJNK{QJÿѭӧFOjP
WKD\ÿәLQJKƭDYөÿmÿѭӧFTX\ÿӏQK
 &iFErQÿѭӧFWӵGRWKӓDWKXұQQKӳQJYҩQÿӅSKiSOXұWNK{QJEҳWEXӝFKD\
QKӳQJYҩQÿӅWKXӝFSKiSYLÿLӅXFKӍQKFӫDOXұWWѭ
 0ӝWKӧSÿӗQJÿѭӧFNêNӃWWӭFOjFiFErQÿmWKӓDWKXұQOjPSKiWVLQKWKD\
ÿәLKRһFFKҩPGӭWTX\ӅQQJKƭDYөGkQVӵÿӕLYӟLQKDXQKѭQJNK{QJÿѭӧF
OjPWKD\ÿәLQJKLDYөÿӕLYӟLQKjQѭӟFFӫDFiFErQ
4XDQKӋJLӳDKӧSÿӗQJYjNLQKGRDQKTXӕFWӃ
 .KLWKӓDWKXұQFiFKӧSÿӗQJTXӕFWӃQKӳQJYҩQÿӅPDQJWtQKEҳWEXӝFFy
WKӇNK{QJÿѭӧFWKҧROXұQYjÿѭDYjRKӧSÿӗQJPjFiFErQSKҧLWӵELӃWYj
OjPÿ~QJFiFQJKƭDYөQj\.KLYLSKiPSKiSOXұWVӁ³WUӯQJWUӏ´FKӫWKӇWKӵF
KLӋQKjQKYLYLSKҥPĈk\OjPӝWUӫLUROӟQNKLFK~QJWDNK{QJDPKLӇXSKiS
OXұWFӫDQѭӟFVӣWҥL1JRjLUDFiFTX\ÿӏQKEҳWEXӝFFNJQJFyWKӇOjFѫVӣÿӇ
JLҧLTX\ӃWFiF[XQJÿӝWOLrQTXDQÿӃQTX\ӅQYjQJKƭDYөFӫDFiFErQYӟL
QKDXWURQJWUѭӡQJKӧSSKiWVLQKWUDQKFKҩSNK{QJWKӇWKѭѫQJOѭӧQJÿѭӧF
 .KLWKӓDWKXұQKӧSÿӗQJTXӕFWӃQKӳQJYҩQÿӅNK{QJFyWtQKEҳWEXӝFÿѭӧF
FiFErQWӵGRWKӓDWKXұQQӃXNK{QJWKӓDWKXұQWKӓDWKXұQNK{QJU}KRһF
PkXWKXүQ«FiFErQFyWKӇWӵJLҧLTX\ӃWYӟLQKDXQӃX[XQJÿӝWSKiWVLQK
WUѭӡQJKӧSNK{QJJLҧLTX\ӃWÿѭӧFFyWKӇSKҧLFăQFӭYjRTX\ÿӏQKFӫDSKiS
OXұWiSGөQJFKRKӧSÿӗQJÿӅJLҧLTX\ӃW[XQJÿӝWÿy9ҩQÿӅOjOXұWQjRVӁ
iSGөQJFKRKӧSÿӗQJ&yWKӇ/XұWFӫDQѭӟFFK~QJWDOXұWFӫDQѭӟFÿӕL
WiFÿLӅXѭӟFTXӕFWӃWұSTXiQWKѭѫQJPҥLTXӕFWӃÿLӅXQj\OjW\FiFErQ
WKӓDWKXұQ± WUӯFiFWUѭӡQJKӧSEӏEҳWEXӝF
&iFKӋWKӕQJSKiSOXұWWUrQWKӃJLӟL
 +ӋWKӕQJWK{QJOXұW&RPPRQ/DZOXұWGӵDYjRiQOӋOӏFKVӱSKiSOêYjiS
GөQJYjRWӯQJWuQKKXӕQJFөWKӇ
 +ӋWKӕQJGkQOXұW&LYLO/DZOXұWGӵDYjRFiFÿLӅXNKRҧQOXұWTXLÿӏQKFKLWLӃW WURQJFiFEӝOXұW
 +ӋWKӕQJOXұWW{QJLiR7KHRFUDWLF/DZOXұWKuQKWKjQKGӵDYjRFiFÿLӅXUăQ Gҥ\FӫDW{QJLiR
+ӋWKӕQJTX\SKҥPSKiSOXұW9LӋW1DP
 ³/XұW%DQKjQKYăQEҧQTX\SKҥPSKiSOXұW´6ӕ4+QJj\WKiQJ
QăPĈѭӧFVӱDÿәLEҵQJ³/XұW6ӱDÿәLEәVXQJPӝWVӕÿLӅXFӫD/XұWEDQ
KjQKYăQEҧQTX\SKҥPSKiSOXұW´6ӕ4+QJj\WKiQJQăP 
 ³/XұW%DQKjQKYăQEҧQTX\SKҥPSKiSOXұW´6ӕ9%+1934+QJj\WKiQJ QăP
 9ăQEҧQTX\SKҥPSKiSOXұW
 9ăQEҧQTX\SKҥPSKiSOXұWOjYăQEҧQFyFKӭDTX\SKҥPSKiSOXұWÿѭӧFEDQKjQK
WKHRÿ~QJWKҭPTX\ӅQKuQKWKӭFWUuQKWӵWKӫWөFTX\ÿӏQK
 9ăQEҧQFyFKӭDTX\SKҥPSKiSOXұWQKѭQJÿѭӧFEDQKjQKNK{QJÿ~QJWKҭPTX\ӅQ
KuQKWKӭFWUuQKWӵWKӫWөFTX\ÿӏQKWKuNK{QJSKҧLOjYăQEҧQTX\SKҥPSKiSOXұW 
OjTX\WҳF[ӱVӵFKXQJFyKLӋXOӵFEҳWEXӝFFKXQJÿѭӧFiS
GөQJOһSÿLOһSOҥLQKLӅXOҫQÿӕLYӟLFѫTXDQWәFKӭFFiQKkQWURQJSKҥPYLFҧ
QѭӟFKRһFÿѫQYӏKjQKFKtQKQKҩWÿӏQKGRFѫTXDQQKjQѭӟFQJѭӡLFyWKҭP
TX\ӅQTX\ÿӏQKWURQJ/XұWQj\EDQKjQKYjÿѭӧF1KjQѭӟFEҧRÿҧPWKӵFKLӋQ
+ӋWKӕQJYăQEҧQTX\SKҥPSKiSOXұWWLӃSWKHR  +LӃQSKiS 
%ӝOXұWOXұWVDXÿk\JӑLFKXQJOjOXұWQJKӏTX\ӃWFӫD4XӕFKӝL 
3KiSOӋQKQJKӏTX\ӃWFӫDӪ\EDQWKѭӡQJYө4XӕFKӝLQJKӏTX\ӃWOLrQWӏFK
JLӳDӪ\EDQWKѭӡQJYө4XӕFKӝLYӟLĈRjQ&KӫWӏFKӪ\EDQWUXQJѭѫQJ0һW
WUұQ7әTXӕF9LӋW1DPQJKӏTX\ӃWOLrQWӏFKJLӳDӪ\EDQWKѭӡQJYө4XӕFKӝL
&KtQKSKӫĈRjQ&KӫWӏFKӪ\EDQWUXQJѭѫQJ0һWWUұQ7әTXӕF9LӋW1DP 
/ӋQKTX\ӃWÿӏQKFӫD&KӫWӏFKQѭӟF 
1JKӏÿӏQKFӫD&KtQKSKӫQJKӏTX\ӃWOLrQWӏFKJLӳD&KtQKSKӫYӟLĈRjQ&Kӫ
WӏFKӪ\EDQWUXQJѭѫQJ0һWWUұQ7әTXӕF9LӋW1DP 
4X\ӃWÿӏQKFӫD7KӫWѭӟQJ&KtQKSKӫ 
1JKӏTX\ӃWFӫD+ӝLÿӗQJ7KҭPSKiQ7zDiQQKkQGkQWӕLFDR
+ӋWKӕQJYăQEҧQTX\SKҥPSKiSOXұWWLӃSWKHR 
7K{QJWѭFӫD&KiQKiQ7zDiQQKkQGkQWӕLFDRWK{QJWѭFӫD9LӋQWUѭӣQJ9LӋQNLӇPViW
QKkQGkQWӕLFDRWK{QJWѭFӫD%ӝWUѭӣQJ7KӫWUѭӣQJFѫTXDQQJDQJEӝTX\ӃWÿӏQKFӫD
7әQJ.LӇPWRiQQKjQѭӟF7K{QJWѭOLrQWӏFKJLӳD&KiQKiQ7zDiQQKkQGkQWӕLFDR
9LӋQWUѭӣQJ9LӋQNLӇPViWQKkQGkQWӕLFDR7әQJ.LӇPWRiQQKjQѭӟF%ӝWUѭӣQJ7Kӫ
WUѭӣQJFѫTXDQQJDQJEӝ.K{QJEDQKjQKWK{QJWѭOLrQWӏFKJLӳD%ӝWUѭӣQJ7KӫWUѭӣQJ FѫTXDQQJDQJEӝ 
1JKӏTX\ӃWFӫD+ӝLÿӗQJQKkQGkQWӍQKWKjQKSKӕWUӵFWKXӝF7UXQJѭѫQJVDXÿk\JӑL
FKXQJOjFҩSWӍQK
 4X\ӃWÿӏQKFӫDӪ\EDQQKkQGkQFҩSWӍQK
 9ăQEҧQTX\SKҥPSKiSOXұWFӫDFKtQKTX\ӅQÿӏDSKѭѫQJӣÿѫQYӏKjQKFKtQK NLQKWӃ ÿһFELӋW
 1JKӏTX\ӃWFӫD+ӝLÿӗQJQKkQGkQKX\ӋQTXұQWKӏ[mWKjQKSKӕWKXӝFWӍQKWKjQKSKӕ
WKXӝFWKjQKSKӕWUӵFWKXӝF7UXQJѭѫQJVDXÿk\JӑLFKXQJOjFҩSKX\ӋQ
 4X\ӃWÿӏQKFӫDӪ\EDQQKkQGkQFҩSKX\ӋQ
 1JKӏTX\ӃWFӫD+ӝLÿӗQJQKkQGkQ[mSKѭӡQJWKӏWUҩQVDXÿk\JӑLFKXQJOjFҩS[m
 4X\ӃWÿӏQKFӫDӪ\EDQQKkQGkQFҩS[m
*LӟLWKLӋX&{QJѭӟFYӅ/XұWÿLӅXѭӟFTXӕFWӃ
 *ӑLWҳWOj&{QJѭӟFYLrQ
 &{QJEӕQJj\ WKiQJQăP
 &yKLӋXOӵFQJj\WKiQJQăP
 1Jj\&KӫWӏFKQѭӟF&ӝQJKRj[mKӝLFKӫQJKƭD9LӋW1DPÿmNt
4X\ӃWÿӏQKVӕ4Ĉ&71SKrFKXҭQYLӋF9LӋW1DPJLDQKұS&{QJ
ѭӟF9LrQQăPYӅ/XұWÿLӅXѭӟF1Jj\%ӝWUѭӣQJ%ӝ1JRҥL
JLDR9LӋW1DPÿmNt&{QJKjPJLDQKұSJӱL7әQJWKѭNt/LrQKӧS4XӕF9LӋW
1DPFKtQKWKӭFWUӣWKjQKWKjQKYLrQ&{QJѭӟFNӇWӯQJj\
 /jÿLӅXѭӟFTXӕFWӃÿDSKѭѫQJÿҫXWLrQTX\ÿӏQKQKӳQJQJX\rQWҳFYjTX\
SKҥPFѫEҧQYӅYLӋFNtNӃWKLӋXOӵFEҧROѭXWKLKjQKJLҧLWKtFKEәVXQJ
VӱDÿәLJLҧLTX\ӃWWUDQKFKҩSYӅÿLӅXѭӟFFKҩPGӭWKLӋXOӵFFiFÿLӅXѭӟF
TXӕFWӃYjPӝWVӕWKӫWөFNKiFOLrQTXDQÿӃQYLӋFOѭXFKLӇXWK{QJEiRF{QJ
EӕYjÿăQJNtÿLӅXѭӟFTXӕFWӃNtNӃWJLӳDFiFTXӕFJLDYӟLQKDX
7KjQKYLrQFӫDF{QJѭӟF9LrQ
7tQKÿӃQ WKiQJ
 TXӕFJLDÿmSKrFKXҭQF{QJѭӟF
 TXӕFJLDÿmNêQKѭQJFKѭDSKrFKXҭQF{QJѭӟF 3DUWLHV 6LJQDWRULHV 1RQSDUWLHV
 TXӕFJLDNK{QJNêKRһFSKrFKXҭQ&{QJѭӟF
*LӟLWKLӋX/XұWÿLӅXѭӟFTXӕFWӃVӕ4+
 3KDPYLÿLӅXFKӍQK/XұWQj\TX\ÿӏQKYӅYLӋFNêNӃWEҧROѭXVӱDÿәLEәVXQJJLD
KҥQFKҩPGӭWKLӋXOӵFWӯEӓU~WNKӓLWҥPÿuQKFKӍWKӵFKLӋQOѭXFKLӇXOѭXWUӳ
VDROөFÿăQJWҧLÿăQJNêYjWәFKӭFWKӵFKLӋQÿLӅXѭӟFTXӕFWӃ
 ĈLӅXѭӟFTXӕFWӃ OjWKӓDWKXұQEҵQJYăQEҧQÿѭӧFNêNӃWQKkQGDQK1KjQѭӟF
KRһF&KtQKSKӫQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPYӟLErQNêNӃWQѭӟF
QJRjLOjPSKiWVLQKWKD\ÿәLKRһFFKҩPGӭWTX\ӅQQJKƭDYөFӫDQѭӟF&ӝQJKzD
[mKӝLFKӫQJKƭD9LӋW1DPWKHRSKiSOXұWTXӕFWӃNK{QJSKөWKXӝFYjRWrQJӑLOj
KLӋSѭӟFF{QJѭӟFKLӋSÿӏQKÿӏQKѭӟFWKӓDWKXұQQJKӏÿӏQKWKѭEҧQJKLQKӟ
F{QJKjPWUDRÿәLKRһFYăQNLӋQFyWrQJӑLNKiF
 ĈLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQ Oj
ÿLӅXѭӟFTXӕFWӃÿDQJFyKLӋXOӵFÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW 1DP
 %rQNêNӃWQѭӟFQJRjL OjTXӕFJLDWәFKӭFTXӕFWӃKRһFFKӫWKӇNKiFÿѭӧFF{QJ
QKұQOjFKӫWKӇFӫDSKiSOXұWTXӕFWӃ 7әFKӭFTXӕFWӃ OjWәFKӭFOLrQFKtQKSKӫ
 7UѭӡQJKӧSYăQEҧQTX\SKҥPSKiSOXұWYjÿLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD
[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQFyTX\ÿӏQKNKiFQKDXYӅFQJPӝWYҩQÿӅ
WKuiSGөQJTX\ÿӏQKFӫDÿLӅXѭӟFTXӕFWӃÿyWUӯ+LӃQSKiS
*LӟLWKLӋX/XұWÿLӅXѭӟFTXӕFWӃ WLӃSWKHR
0ӝWVӕNKiLQLӋPOLrQTXDQ 
OjKjQKYLSKiSOêGRQJѭӡLFyWKҭPTX\ӅQKRһFFѫTXDQQKjQѭӟFFyWKҭP
TX\ӅQWKӵFKLӋQEDRJӗPÿjPSKiQNêSKrFKXҭQSKrGX\ӋWJLDQKұSÿLӅXѭӟFTXӕF
WӃKRһFWUDRÿәLYăQNLӋQWҥRWKjQKÿLӅXѭӟFTXӕFWӃ 
OjKjQKYLSKiSOêGRQJѭӡLFyWKҭPTX\ӅQKRһFQJѭӡLÿѭӧFӫ\TX\ӅQWKӵFKLӋQ
EDRJӗPNêÿLӅXѭӟFTXӕFWӃNK{QJSKҧLSKrFKXҭQKRһFSKrGX\ӋWYjNêÿLӅXѭӟF
TXӕFWӃSKҧLSKrFKXҭQKRһFSKrGX\ӋW 
OjKjQKYLSKiSOêGRQJѭӡLFyWKҭPTX\ӅQKRһFQJѭӡLÿѭӧFӫ\TX\ӅQWKӵFKLӋQ
ÿӇ[iFQKұQYăQEҧQÿLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DP
GӵÿӏQKNêOjYăQEҧQFXӕLFQJÿmÿѭӧFWKӓDWKXұQYӟLErQNêNӃWQѭӟFQJRjL 
OjKjQKYLSKiSOêGR4XӕFKӝLKRһF&KӫWӏFKQѭӟFWKӵFKLӋQÿӇFKҩSQKұQ
VӵUjQJEXӝFFӫDÿLӅXѭӟFTXӕFWӃÿmNêÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW 1DP 
OjKjQKYLSKiSOêGR&KtQKSKӫWKӵFKLӋQÿӇFKҩSQKұQVӵUjQJEXӝFFӫD
ÿLӅXѭӟFTXӕFWӃÿmNêÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DP 
OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟFKRһF&KtQKSKӫWKӵFKLӋQÿӇ
FKҩSQKұQVӵUjQJEXӝFFӫDÿLӅXѭӟFTXӕFWӃQKLӅXErQÿӕLYӟLQѭӟF&ӝQJKzD;+&1
9LӋW1DPWURQJWUѭӡQJKӧSQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPNK{QJNêÿLӅX
ѭӟFTXӕFWӃÿyNK{QJSKөWKXӝFYjRYLӋFÿLӅXѭӟFTXӕFWӃQj\ÿmFyKLӋXOӵFKD\ FKѭDFyKLӋXOӵF  ÿ ă ÿ  ͳ
  OjYLӋFWUDRÿәLWKѭF{QJKjPKRһFYăQ
NLӋQFyWrQJӑLNKiFWҥRWKjQKÿLӅXѭӟFTXӕFWӃKDLErQJLӳDQѭӟF&ӝQJKzD[mKӝL
FKӫQJKƭD9LӋW1DPYjErQNêNӃWQѭӟFQJRjL 
  OjWX\rQEӕFӫDQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPKRһFErQNêNӃW
QѭӟFQJRjLNKLNêSKrFKXҭQSKrGX\ӋWKRһFJLDQKұSÿLӅXѭӟFTXӕFWӃQKLӅXErQ
QKҵPORҥLWUӯKRһFWKD\ÿәLKLӋXOӵFSKiSOêFӫDPӝWKRһFPӝWVӕTX\ÿӏQKWURQJÿLӅX ѭӟFTXӕFWӃ  ΁  Ή ÿ  ͳ
  OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟF
KRһF&KtQKSKӫWKӵFKLӋQÿӇWӯEӓKLӋXOӵFFӫDÿLӅXѭӟFTXӕFWӃPjQѭӟF&ӝQJKzD
[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQ  ÿ Ή  ÿ  ͳ
  OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟF
KRһF&KtQKSKӫWKӵFKLӋQÿӇWҥPGӯQJWKӵFKLӋQWRjQEӝKRһFPӝWSKҫQÿLӅXѭӟF
TXӕFWӃPjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQ  ΃   ÿ  ͳ
  OjKjQKYLSKiSOêGR4XӕFKӝL&KӫWӏFKQѭӟF
KRһF&KtQKSKӫWKӵFKLӋQÿӇWӯEӓYLӋFFKҩSQKұQVӵUjQJEXӝFFӫDÿLӅXѭӟFTXӕFWӃ
ÿӕLYӟLQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DP
3KiSOXұW9LӋW1DPYjÿLӅXѭӟFTXӕFWӃWURQJ YұQWҧLKjQJKRi  7URQJQѭӟF
 /XұWJLDRWK{QJÿѭӡQJEӝ4+
 /XұWĈѭӡQJVҳWVӕ4+
 /XұWKjQJNK{QJGkQGөQJ9LӋW1DPVӕ4+VӱDÿәL
 %ӝOXұWKjQJKҧL9LӋW1DPVӕ4+  4XӕFWӃ
 &iFF{QJѭӟFYӅYұQWҧLÿѭӡQJEӝÿѭӡQJVҳW
 &iFF{QJѭӟFYӅYұQWҧLÿѭӡQJNK{QJ
 &iFF{QJѭӟFYӅYұQWҧLÿѭӡQJELӇQ
 &iFF{QJѭӟFYӅYұQWҧLÿDSKѭѫQJWKӭF &KѭѫQJ
&iF ÿLӅX ѭӟF TXӕF WӃ WURQJ YұQ WҧL KjQJ KRi ÿѭӡQJ Eӝ 6ӕ 0өF 1ӝL GXQJ WLӃW
.KiL TXiW YӅ YұQ WҧL KjQJ KRi TXӕF WӃ EҵQJ ÿѭӡQJ Eӝ Yj FiF ÿLӅX ѭӟF TXӕF WӃ
&{QJ ѭӟF YӅ *LDR WK{QJ ÿѭӡQJ Eӝ &{QJ ѭӟF 9LrQ
&{QJ ѭӟF YӅ ELӇQ EiR Yj WtQ KLӋX JLDR WK{QJ ÿѭӡQJ Eӝ
&iF F{QJ ѭӟF YӅ WKӫ WөF KҧL TXDQ WURQJ YұQ WҧL ÿѭӡQJ TXӕF WӃ 7əQJ
.KiL TXiW YӅ YұQ WҧL KjQJ KRi TXӕF WӃ EҵQJ Yj FiF ÿLӅX ѭӟF TXӕF WӃ
.KiL TXiW YӅ YұQ FKX\ӇQ ÿѭӡQJ Eӝ 9ұQ FKX\ӇQ ÿѭӡQJ Eӝ URDGZD\V
Oj SKѭѫQJ WKӭF YұQ WҧL SKə ELӃ
9ұQ FKX\ӇQ EҵQJ ÿѭӡQJ Eӝ WKtFK KӧS YұQ FKX\ӇQ KjQJ KyD Fy OѭX QKӓ
Fӵ OL YұQ FKX\ӇQ QJҳQ Yj WUXQJ EuQK KjQJ KyD PDX KӓQJ Y
Fy QKX FҫX WӕF ÿӝ ÿѭD KjQJ QKDQK
9ұQ FKX\ӇQ ÿѭӡQJ Eӝ FKӫ \ӃX SKөF Yө FKX\rQ FKӣ QӝL ÿӏD FzQ ÿӕL WҧL KjQJ KyD TXӕF WӃ
YұQ WҧL ÿѭӡQJ Eӝ Eӏ KҥQ FKӃ UҩW QKLӅX 7URQJ WKѭѫQJ PҥL TXӕF WӃ
YұQ FKX\ӇQ ÿѭӡQJ Eӝ SKiW WULӇQ Pҥ QѭӟF FKkX ÆX
ĈӕL YӟL 91 YұQ FKX\ӇQ ÿѭӡQJ Eӝ WUrQ WəQJ NKӕL OѭӧQJ KjQJ KRi 7URQJ PXD EiQ 4XӕF WӃ
YұQ FKX\ӇQ ÿѭӡQJ Eӝ FKLӃP NKRҧQJ
ѬX ÿLӇP Yj KҥQ FKӃ FӫD YұQ WҧL ÿѭӡQJ Eӝ ѬX ÿLӇP 5ҩWOLQK KRҥW
WKӡL JLDQ YұQ FKX\ӇQ NKi QKDQK
7Kӫ WөF WKӵF KLӋQ ÿѫQ JLҧQ
'Ӊ GjQJ YұQ FKX\ӇQ QKLӅX ORҥL KjQJ +ҥQ FKӃ
.Ky YұQ FKX\ӇQ KjQJ KRi TXӕF WӃ JLӳD FiF FKkX OөF NKy YұQ FKX\ӇQ YӟL TX\ P{ OӟQ KjQJ FӗQJ NӅQK WҧL WUӑQJ OӟQ *k\ { QKLӉP P{L WUѭӡQJ &ѭӟF SKt FDR 3KѭѫQJ WKӭF ĈL ĈӃQ & .P RQW '& 7KӡL +&JLDQ ĈѭӡQJ *D Vҳ * W LiS %iW +j *D 1ӝLĈj 1ҹQJ K ĈѭӡQJ EL & Ӈ ҧ
Q QJ +ҧL 3KzQJ &ҧQJ Ĉj 1ҹQJ QJj\ ĈѭӡQJ E 7 ӝ 3 +ӗ &Kt 0LQ .& K 1 +Rj .KiQK Ĉ1 K
6ӵ SKiW WULӇQ FӫD SKѭѫQJ WLӋQ YұQ WҧL ÿѭ 1JXӗQ JӕF FӫD Wӯ {W{ Oj WLӃQJ $QK Fy QJKƭD Oj Wӵ ÿӝQJ ÿӝQJ
6ӵ UD ÿӡL FӫD [H KѫL VRQJ KjQK YӟL Vӵ SKiW WULӇQ FӫD ÿӝQJ
6ӵ UD ÿӡL FӫD ÿӝQJ FѫKѫL QѭӟF 5D ÿӡL Wӯ QăP EӣL 7KRPDV 6DYHU\ QKj SKiW PLQK QJѭӡL $QK 1ăP
7KRPDV 1HZFRPHQ ÿm SKiW WULӇQ WKLӃW Eӏ EѫP QѭӟF UD NKӓL FiF
QJX\rQ Oê FӫD ÿӝQJ FѫKѫL QѭӟF 1ăP
-DPHV :DWWÿm FҧL WLӃQ ÿӝQJ FѫFӫD 1HZFRPHQ Yj NӃW KӧS YӟL PӝW
QKkQ SKiW WULӇQ ÿӝQJ FѫKѫL QѭӟF ӭQJ GөQJ WURQJ F{QJ QJKLӋS ĈҫX WKӃ Nӹ
ÿӝQJ Fѫ KѫL QѭӟF WUӣ QrQ QKӓ JӑQ ÿӫ ÿӇ OҳS UiS YjR ÿҫX WjX WKX\ӅQ
&KLӃF [H KѫL ÿҫX WLrQ WUrQ WKӃ JLӟL UD ÿӡL QăP FKҥ\ EҵQJ ÿӝQJ Fѫ K
1LFRODXV 2WWR SKiW PLQK UD ÿӝQJ FѫÿӕW WURQJ QăP QKӳQJ FKLӃ
WKӡL NǤ Qj\ PӟL Fy KuQK GiQJ Yj ÿӝQJ Fѫ JҫQ YӟL QJj\ QD\ QKҩW 1ăP
±&KLӃF [H KѫL ÿҫX WLrQ ÿѭӧF SKiW PLQKEӣL .DUO %H VѭQJѭӡL iR 1ăP
±+mQJ )RUG VҧQ [XҩW GzQJ [H KX\ӅQ WKRҥL ±)RUG 0R 1ăP
±+Ӌ WKӕQJ NKӣL ÿӝQJ EҵQJ ÿLӋQ Wӱ (OHFWULF ,JQLWL 6WDUWHU ±WKD\ FKR WD\ TXD\ 1ăP ±Ə PӗL WKXӕF Oi WUrQ { W{ &LJDUHWWH OLJKWHUV 1ăP ±ĈjL SKiW WKDQK WUrQ { W{ &DU UDGLR 1ăP
±+Ӌ WKӕQJ WUHR Oz [R FXӝQ [RҳQ &RLO VSULQJ VXV 6\VWHP 1KӳQJ QăP ±&ӱD Və ÿLӋQ { W{ 3RZHU :LQGRZV (OHFWULF :LQGRZV 1ăP ±&KuD NKyD { W{ &DU NH\ 1ăP
±+Ӌ WKӕQJ WUӧ OӵF OiL ÿҫX WLrQ FKR [H WKѭѫQJ Pҥ VWHHULQJ 6\VWHP 1ăP ±+Ӌ WKӕQJ ÿLӅX KRj { W{ $LU &RQGLWLRQLQJ 6\VWH 1ăP ±'k\ ÿDL DQ WRjQ 6HDWEHOWV 1ăP
±&ҫQ JҥW QѭӟF NtQK FKҳQ JLy NLӇX JLiQ ÿRҥQ 1KӳQJ QăP ±'jQ kP WKDQK EăQJ FDVVHWWH 1KӳQJ 1ăP ±&{QJ QJKӋ $%6 $%6 WHFKQRORJ\ 1ăP ±%ӝ FKX\ӇQ ÿəL [~F WiF &DWDO\WLF FRQYHUWHU 1ăP
±0jQ KuQK EҧQJ ÿLӅX NKLӇQ Nӻ WKXұW Vӕ 'LJLWDO GLVSOD\V 1ăP ±ĈҫX ÿƭD &' &' SOD\HUV 1ăP ±7~L NKt $LUEDJV 1ăP ±+Ӌ WKӕQJ FҧQK EiR ÿӛ [H &ҧP ELӃQ FҧQK EiR YD (OHFWURPDJQHWLF SDUNLQJ VHQVRU 1ăP ±*36 ÿӏQK Yӏ YӋ WLQK 1ăP ±%OXHWRRWK 1ăP
±&DPHUD KjQK WUuQK SKtD VDX 5HYHUVLQJ FDPHUD 1ăP
±+Ӌ WKӕQJ ÿӛ [H Wӵ ÿӝQJ $XWRPDWLF 3DUNLQJ 1KӳQJ QăP
±7tQK QăQJ Kӛ WUӧ QJѭӡL OiL 'ULYHU DVVLVW 1ăP
±&{QJ QJKӋ OiL [H Wӵ ÿӝQJ FӫD 7HVOD 7HVOD DXWRS 1ăP
±%ӝ ÿӏQK WX\ӃQ SKiW VyQJ :L )L * 1ăP ±Ð W{ Wӵ OiL
3KѭѫQJ WLӋQ YұQ WҧL ÿѭӡQJ Eӝ 7LrX FKt ;H WҧL KҥQJ QһQJ ;H WҧL KҥQJ QKҽ 7 ËW UӑQJ QK Wҧ ҩ L W W WK ӯ ӵF W WӃ ҩQ WUӣ OrQ 1Kӓ KѫQ NJ
7K QJ [H ÿѭӧF WKLӃW NӃ UӝQJ YӟL NtFK 7KLӃW NӃ WK QJ
7K QJ [H ÿѭӧF WKLӃW NӃ QKӓ FKӍ FKR SKpS Yұ
WKѭӟF OӟQ ÿӇ FKX\rQ FKӣ ÿѭӧF QKLӅX [H
FKX\ӇQ NKӕL OѭӧQJ QKӓ KjQJ KyD KjQJ KyD F QJ PӝW O~F .Kҧ QăQJ
&KX\ӇQ FKӣ NKӕL OѭӧQJ KjQJ KyD OӟQ ÿӃQ
&KX\rQ FKӣ NKӕL OѭӧQJ KjQJ KyD QKӓ FKX\rQ FKӣ UҩW OӟQ QJX\rQ FRQWDLQHU 3KҥP YL YұQ ĈѭӡQJ GjL WUrQ NP 'ѭӟL NP FKX\ӇQ KLӋX TXҧ /RҥL KjQJ KyD
&KX\rQ FKӣ ÿѭӧF WҩW Fҧ FiF ORҥL KjQJ
&Kӫ \ӃX YұQ FKX\ӇQ KjQJ KyD QKӓ QKҽ YұQ FKX\ӇQ
KyD Wӯ KjQJ QKҽ FKR ÿӃQ KjQJ FӗQJ NӅQK
±7KXұQ OӧL GL FKX\ӇQ ÿӃQ ÿӏD ÿLӇP [D ±3K
KӧS YӟL NKX YӵF Fy WX\ӃQ ÿѭӡQJ QKӓ
±.Ky YjR NKX YӵF Fy WX\ӃQ ÿѭӡQJ QKӓ 7tQK OLQK KRҥW
±.K{QJ GL FKX\ӇQ ÿѭӧF TXmQJ ÿѭӡQJ TXi [D
±.Ky YұQ FKX\ӇQ Yj NӃW KӧS KjQJ QKӓ
±.Ky NKăQ YӟL FiF ORҥL KjQJ KyD OӟQ ±'Ӊ Eӏ FҩP ÿѭӡQJ ;H ÿҫX NpR 5D ÿӡL ӣ 0ӻ YjR QăP 7UӑQJ OѭӧQJ EҧQ WKkQ NJ
.KӕL OѭӧQJ NpR WKHR FKR SKpS WKDP JLD JLDR WK{QJ NJ .tFK WKѭӟF [H '[5[& PP [ [
.tFK WKѭӟF ErQ WURQJ FӫD FRQWDLQHU /RҥL &RQWDLQHU &KLӅX Gj & L KLӅ P X Uӝ & QJ KLӅ P X FD 7 R KӇP WtFK P &RQWDLQHU IHHW P &RQWDLQHU IHHW OҥQK P &RQWDLQHU IHHW WKѭӡQJ P &RQWDLQHU IHHW FDR P &RQWDLQHU IHHW OҥQK P 9t Gө WK{QJ Vӕ FRQWDLQHU IHHW
3KѭѫQJ WLӋQ YұQ WҧL KjQJ VLrX WUѭӡQJ VLr
*Lҩ\ SKpS OiL [H WKHR OXұW 91" +ҥQJ $
0{ W{ KDL EiQK Fy GXQJ WtFK [\ ODQK Wӯ FP ÿӃQ GѭӟL FP
WұW OiL [H P{ W{ ED EiQK GjQK FKR QJѭӡL NKX\ӃW WұW +ҥQJ $
;H P{ W{ KDL EiQK Fy GXQJ WtFK [\ ODQK Wӯ FP Yj FiF ORҥL [H JLҩ\ SKpS OiL [H KҥQJ $ +ҥQJ $
FҩS FKR QJѭӡL OiL [H ÿӇ ÿLӅX NKLӇQ [H P{ W{ ED EiQK FiF ORҥL [H
JLҩ\ SKpS OiL [H KҥQJ $ Yj FiF [H WѭѫQJ Wӵ +ҥQJ $
1JѭӡL OiL [H FiF ORҥL Pi\ NpR QKӓ Fy WUӑQJ WҧL ÿӃQ NJ +ҥQJ % GjQK FKR [H Vӕ Wӵ ÿӝQJ NK{QJ KjQK QJKӅ OiL [H {W{ FKӣ QJѭӡL QJӗL
NӇ Fҧ FKӛ QJӗL FKR QJѭӡL OiL [H {W{ WҧL NӇ Fҧ { W{ WҧL FKX\rQ G WҧL WKLӃW NӃ GѭӟL NJ
{W{ G QJ FKR QJѭӡL NKX\ӃW WұW +ҥQJ % Fҧ Vӕ VjQ Vӕ Wӵ ÿӝQJ NK{QJ KjQK QJKӅ OiL [H { W{ FKӣ QJѭ QJӗL
NӇ Fҧ FKӛ QJӗL FKR QJѭӡL OiL [H {W{ WҧL NӇ Fҧ { W{ WҧL FKX\rQ G GѭӟL NJ
Pi\ NpR NpR PӝW Uѫ PRyF Fy WUӑQJ WҧL WKLӃW NӃ GѭӟL +ҥQJ%
KjQK QJKӅ OiL [H ÿӇ ÿLӅX NKLӇQ FiF ORҥL [HFKӣ QJѭӡL Wӯ ± FKӛ
G QJ Fy WUӑQJ WҧL WKLӃW NӃ GѭӟL
WҩQYj FiF ORҥL [H TX\ ÿӏQK FKR JLҩ\
*Lҩ\ SKpS OiL [H WKHR OXұW 91" +ҥQJ & OiL [H { W{ ± FKӛ
{ W{ WҧL NӇ Fҧ { W{ WҧL FKX\rQ G QJ Yj { W{ FKX NӃ Wӯ NJ WUӣ OrQ
Pi\ NpR NpR PӝW Uѫ PRyF Fy WUӑQJ WҧL WKLӃW NӃWӯ
TX\ ÿӏQK FKR JLҩ\ SKpS OiL [H KҥQJ % % +ҥQJ ' Ð W{ FKӣ QJѭӡL Wӯ ± FKӛ
NӇ Fҧ FKӛ FӫD QJѭӡL OiL [H FiF ORҥL [H T SKpS OiL [H KҥQJ % % &
+ҥQJ ( Ð W{ FKӣ QJѭӡL WUrQ FKӛ
FiF ORҥL [H TX\ ÿӏQK FKR JLҩ\ SKpS OiL [H KҥQJ
&K~ ê 1JѭӡL Fy JLҩ\ SKpS OiL [H FiF KҥQJ % % &
' Yj ( NKL ÿLӅX NKLӇQ FiF ORҥL
ÿѭӧF NpR WKrP PӝW Uѫ PRyF Fy WUӑQJ WҧL WKLӃW NӃ NK{QJ TXi NJ
+ҥQJ ) QJѭӡL ÿm Fy JLҩ\ SKpS OiL [H FiF KҥQJ % &
' Yj ( ÿӇ ÿLӅX NKLӇQ FiF ORҥL
ӭQJ NpR Uѫ PRyF Fy WUӑQJ WҧL WKLӃW NӃ OӟQ KѫQ NJ Vѫ PL Uѫ PRyF { W{ NK ÿӏQK Fө WKӇ QKѭ VDX +ҥQJ )%
QJѭӡL OiL FiF ORҥL [H WKHR TX\ ÿӏQK KҥQJ % NpR WKHR Uѫ PRyF
+ҥQJ )& QJѭӡL OiL [H FiF ORҥL [H WKHR TX\ ÿӏQK KҥQJ & NpR WKHR Uѫ PRyF
+ҥQJ )' QJѭӡL OiL [H FiF ORҥL [H WKHR TX\ ÿӏQK KҥQJ ' NpR WKHR Uѫ PRyF
+ҥQJ )( QJѭӡL OiL [H FiF ORҥL [H WKHR TX\ ÿӏQK KҥQJ ( NpR WKHR Uѫ PRyF
6ӵ WѭѫQJ ӭQJ JLӳD EҵQJ OiL [H 9LӋW 1DP Yj TXӕF W 9LӋW 1 4 D X P ӕF WӃ $ $ $ $ $ % % % % & & & ' ' ( ' )% %( )& &( & ( )' ' ( )( '(
.KӕL OѭӧQJ KjQJ KRi TXi WҧL"
;H YѭӧW TXi WUӑQJ WҧL ÿѭӧF KLӇX Oj PӝW [H FKӣ KjQJ YѭӧW TXi NKӕL
ÿѭӧF SKpS FKX\rQ FKӣ WKHR JLҩ\ FKӭQJ QKұQ NLӇP ÿӏQK DQ WRjQ Nӻ WKXұW P{L WUѭӡQJ ÿăQJ NLӇP [H
.KӕL OѭӧQJ KjQJ KRi TXi WҧL 7əQJ WҧL WUӑQJ [H FkQ ÿѭӧF KLӋQ WҥL WKHR WKLӃW NӃ FӫD QKj 6;
7ҧL WUӑQJ KjQJ KyD ÿѭӧF SKpS FKӣ WK 3KҫQ WUăP TXi WҧL
.KӕL OѭӧQJ KjQJ TXi WҧL 7ҧL WUӑQJ WӕL ÿD 9t Gө ;H WҧL WҩQ +\XQGDL NtFK WKѭӟF '[5[& [ [ WKѭӟF WK QJ [H '[5[& [ [ PP WUӑQJ OѭӧQJ NK{Q WUӑQJ OѭӧQJ WRjQ Eӝ NJ WҧL WUӑQJ WҩQ Vӕ FKӛ QJӗL NP K GXQJ WtFK EuQK QKLrQ OLӋX OtW
7KӡL ÿLӇP F{QJ DQ JLDR WK{QJ NLӇP WUD FkQ [H Fy WəQJ WUӑQJ OѭӧQJ Oj Î .KӕL OѭӧQJ TXi WҧL ± ± NJ Î 3KҫQ WUăP TXi WҧL [ Î ;H ÿm TXi WҧL
Yj VӁ SKҧL FKӏX PӭF SKҥW iS GөQJ ÿӕL YӟL Wӹ OӋ SK
3KҥW TXi WҧL WKHR 1JKӏ ÿӏQK 1Ĉ &3 0ӭF SKҥW YӟL FKӫ [H 0ӭF SKҥW YӟL OiL [H 0ӭF TXi ˿ ÿ ͵ ͵ ÿ Ή WҧL ͵ ÿ ÿ ˿ Ή ÿ ˿ Ή WULӋX ÿӗQJ
WULӋX ÿӗQJÿӕL YӟL Fi QKkQ Wӯ W .KRҧQ ĈLӅX 1JKӏ ÿӏQK
ÿӗQJÿӕL YӟL Wə FKӭF Oj FKӫ [H
1Ĉ &3 VӱD ÿəL EӣL1JKĈ ӏ LӇ ÿӏ P QK G NKRҧQ ĈLӅX 1JKӏ ÿӏQK 1 1Ĉ &3
&3 VӱD ÿəL EӣL1JKӏ ÿӏQK 1Ĉ &3 WULӋX ÿӗQJ
WULӋX ÿӗQJÿӕL YӟL Fi QKkQ WUL ĈLӇP D NKRҧQ ĈLӅX
1JKӏ ÿӏQKÿӗQJÿӕL YӟL Wə FKӭF Oj FKӫ [H
1Ĉ &3 VӱD ÿəL EӣL1J .K Kӏ Rҧ ÿӏ QK ĈLӅX 1JKӏ ÿӏQK 1Ĉ &3 VӱD 1Ĉ &3 ÿəL EӣL1JKӏ ÿӏQK 1Ĉ &3 WULӋX ÿӗQJ
WULӋX ÿӗQJÿӕL YӟL Fi QKkQ WU ĈLӇP D NKRҧQ ĈLӅX
1JKӏ ÿӏQKÿӗQJÿӕL YӟL Wə FKӭF Oj FKӫ [H 7UrQ
1Ĉ &3 VӱD ÿəL EӣL1J .K Kӏ Rҧ ÿӏ QK ĈLӅX 1JKӏ ÿӏQK 1Ĉ &3 VӱD 1Ĉ &3 ÿəL EӣL1JKӏ ÿӏQK 1Ĉ &3
/iL [H ÿӗQJ WKӡL Oj FKӫ SKѭѫQJ WLӋQ SKҥW WKHR 7ѭӟF JLҩ\ SKpS OiL [H Wӯ ÿӃQ WKiQJ FӫD FKӫ SKѭѫQJ WLӋQ
&iF ÿLӅX ѭӟF TXӕF WӃ YӅ YұQ WҧL
&{QJ ѭӟF *HQHYD YӅ *LDR WK{QJ ĈѭӡQJ Eӝ *HQHYD &RQYHQWLRQ R 7UDIILF ±.ê WҥL *HQHYD Fy KLӋX OӵF QJj\ ±&{QJ ѭӟF Fy SKr FKXҭQ
&{QJ ѭӟF 9LrQ YӅ *LDR WK{QJ ĈѭӡQJ Eӝ &RQYHQWLRQ RQ 5RDG 7UDI ±KLӋQ Fy TXӕF JLD Oj WKjQK YLrQ 9LӋW 1DP ÿDQJ Oj WKj ѭӟF Qj\ Wӯ QJj\
&{QJ ѭӟF 9LrQ YӅ %LӇQ EiR Yj WtQ KLӋX JLDR WK{QJ ÿѭӡQJ Eӝ &RQYHQW 6LJQV DQG 6LJQDOV Nê QJj\ ±KLӋQ Fy TXӕF JLD Oj WKjQ
ÿDQJ Oj WKjQK YLrQ FӫD F{QJ ѭӟF Qj\ Wӯ QJj\
&{QJ ѭӟF &05 &05 &RQYHQWLRQ
&RQYHQWLRQ RQ WKH &RQWUDFW IRU W
&DUULDJH RI *RRGV E\ 5RDG 1KҵP PөF ÿtFK WKӕQJ QKҩW Yj WLrX FKXҭQ KyD WҳF
ÿLӅX NLӋQ ÿLӅX FKӍQK FiF KӧS ÿӗQJ YұQ FKX\ӇQ KjQJ KyD EҵQJ ÿѭӡQ WӃ
ÿһF ELӋW YӅ FKӭQJ Wӯ Yj WUiFK QKLӋP FӫD QJѭӡL FKX\rQ FKӣ ÿѭӡQJ
7k\ ÆX ÿm Nt NӃW &{QJ ѭӟF YӅ KӧS ÿӗQJ FKX\rQ FKӣ KjQJ KyD EҵQJ ÿѭӡQJ
WӃ KD\ FzQ JӑL Oj F{QJ ѭӟF &05 QJj\ WҥL *HQqYH Fy KLӋX O ĈӃQ QD\ F{QJ ѭӟF &05 ÿm Fy QѭӟF FKkX ÆX WKDP JLD *LӟL WKLӋX /LrQ KӧS TXӕF YLӃW WҳW
/LrQ +ӧS 4XӕF Oj PӝW Wə FKӭF OLrQ FKtQK SKӫ Fy QKLӋP Yө
'X\ WUu KzD EuQK Yj DQ QLQK TXӕF WӃ
7K~F ÿҭ\ TXDQ KӋ KӳX QJKӏ JLӳD FiF TXӕF JLD
7KӵF KLӋQ KӧS WiF TXӕF WӃ WK{QJ TXD JLҧL TX\ӃW FiF YҩQ ÿӅ TXӕF WӃ WUrQ WӃ [m KӝL YăQ KyD Yj QKkQ ÿҥR
;k\ GӵQJ /+4 OjP WUXQJ WkP ÿLӅX KzD FiF Qӛ OӵF TXӕF WӃ Yu FiF PөF WLrX FKX
/LrQ +ӧS 4XӕF ÿѭӧF WKjQK OұS YjR WҥL 6DQ )UDQFLVFR &DO
7Uө Vӣ FKtQK ÿѭӧF ÿһW WҥL 0DQKDWWDQ 1HZ *HQHYD 7KXӷ 6ƭ 1DLUREL .HQ\D 9LHQQD ÈR Yj 'HQ +DDJ /D +D\H
7ə FKӭF Qj\ ÿѭӧF WjL WUӧ EҵQJ Vӵ ÿyQJ JyS Wӵ QJX\ӋQ Wӯ FiF TXӕF JLD WK
/LrQ +ӧS 4XӕF Oj Wə FKӭF OLrQ FKtQK SKӫ OӟQ QKҩW WUrQ WKӃ JLӟL .KL WKjQK OұS Fy TXӕF JLD WKjQK YLrQ KLӋQ Fy WKjQK YLrQ Yj
&{QJ ѭӟF FӫD OLrQ KLӋS TXӕF
7KH 8QLWHG 1DWLRQV 7UHDW\ &ROOHFWLRQ KWWSV WUHDWLHV X ѭӟF FӫD /LrQ KӧS TXӕF
7UDQJ ZHE FXQJ FҩS ORҥL WK{QJ WLQ Ju OLrQ TXDQ ÿӃQ FiF KLӋS ѭӟ GR /LrQ +LӋS 4XӕF TXҧQ Oê
*L~S WUX\ FұS FiF WK{QJ WLQ OLrQ TXDQ ÿLӅX ѭӟF ÿD SKѭѫQJ WK{QJ WLQ QəL EұW JӗP
&ѫ TXDQ OѭX FKLӇX FiF ÿLӅX ѭӟF
ĈăQJ Nê Yj F{QJ Eӕ FiF ÿLӅX ѭӟF TXӕF WӃ 7jL QJX\rQ
&iF ҩQ SKҭP Yj WjL OLӋXOLrQ TXDQ ÿӃQ ÿLӅX ѭӟF FӫD /+4
6ӵ NLӋQ YӅ FiF ÿLӅX ѭӟF FӫD /+4
*LDR GLӋQ ZHEVLWH TXҧQ Oê FiF ÿLӅX ѭӟF TXӕF WӃ ĈLӅX ѭӟF YӅ JLDR WK{QJ
&{QJ ѭӟF 9LrQ YӅ JLDR WK{QJ ÿѭӡQJ Eӝ 7əQJ TXDQ
&{QJ ѭӟF YӅ JLDR WK{QJ ÿѭӡQJ Eӝ
WKѭӡQJ ÿѭӧF JӑL Oj &{QJ ѭӟF 9 JLDR WK{QJ ÿѭӡQJ Eӝ
Oj PӝW KLӋS ѭӟF TXӕF WӃ ÿѭӧF WKLӃW NӃ
FKR JLDR WK{QJ ÿѭӡQJ Eӝ TXӕF WӃ Yj WăQJ DQ WRjQ JLDR WK{QJ Eҵ
OұS FiF TX\ WҳF JLDR WK{QJ WLrX FKXҭQ JLӳD FiF ErQ WKDP JLD F{QJ
&{QJ ѭӟF ÿm ÿѭӧF WKӕQJ QKҩW WҥL KӝL QJKӏ FӫD +ӝL ÿӗQJ .LQK WӃ
+ӧS 4XӕF YӅ *LDR WK{QJ ÿѭӡQJ Eӝ WKiQJ WKiQJ QăP
ÿѭӧF Nê NӃW WҥL 9LrQ YjR QJj\ WKiQJ QăP
&{QJ ѭӟF Fy KLӋX OӵF YjR QJj\ WKiQJ QăP &{QJ ѭӟF Qj\ SKr FKXҭQ EӣL TXӕF JLD
QKѭQJ QKӳQJ QѭӟF NK{QJ SKr FKXҭQ Yү
WUӣ WKjQK PӝW WKjQK YLrQ GR &{QJ ѭӟF YӅ *LDR WK{QJ ĈѭӡQJ Eӝ
QJKӏ Qj\ FzQ ÿѭD UD &{QJ ѭӟF YӅ 7tQ KLӋX Yj 7tQ KLӋX ĈѭӡQJ Eӝ
&{QJ ѭӟF Qj\ WKD\ WKӃ FiF F{QJ ѭӟF JLDR WK{QJ ÿѭӡQJ Eӝ WUѭӟF ÿy
Oj &{QJ ѭӟF *HQHYD YӅ *LDR WK{QJ ĈѭӡQJ Eӝ QăP WKHR ĈL 7rQ JӑL &RQYHQWLRQ RQ 5RDG 7UDIILF 9LHQQD 1RYHPEHU %ҧQ JӕF KWWSV
WUHDWLHV XQ RUJ SDJHV 9LHZ'HWDLOV,,, DVS["VUF 75($7< PW % FKDSWHU &{QJ ѭӟF JӗP FKѭѫQJ ÿLӅX SKө OөF &KѭѫQJ ±&iF TX\ ÿӏQK FKXQJ &KѭѫQJ ±4X\ WҳF ÿѭӡQJ Eӝ &KѭѫQJ
±ĈLӅX NLӋQ WKӯD QKұQ SKѭѫQJ WLӋQ FѫJLӟL Yj UѫPRRF WKD WK{QJ TXӕF WӃ &KѭѫQJ
±1JѭӡL ÿLӅX NKLӇQ SKѭѫQJ WLӋQ FѫJLӟL &KѭѫQJ
±ĈLӅX NLӋQ WKӯD QKұQ [H ÿҥS Yj [H PRSHG WURQJ JLDR WK{ &KѭѫQJ ±4X\ ÿӏQK FXӕL F QJ 7yP WҳW QӝL GXQJ F{QJ ѭӟF &KѭѫQJ 4X\ ÿӏQK FKXQJ ÿLӅX ± &KѭѫQJ Qj\ Fy ÿLӅX
WұS WUXQJ YjR ÿӏQK QJKƭD FiF WKXұW QJӳ TX\ ÿӏQK Q FiF QѭӟF Nê NӃW WKDP JLD FiF QѭӟF WKjQK YLrQ
4X\ ÿӏQK FKXQJ YӅ ELӇQ EiR Yj WtQ KLӋX JLDR WK{QJ &KѭѫQJ 4X\ WҳF ÿѭӡQJ Eӝ ÿLӅX ±
Ĉk\ Oj FKѭѫQJ TXDQ WUӑQJ QKҩW FӫD F{QJ ѭӟF
&iF TXӕF JLD WKjQK YLrQ SKҧL ÿҧP EҧR OXұW OӋ ÿѭӡQJ Eӝ FӫD TXӕF JLD PuQ
QKӳQJ TX\ ÿӏQK WURQJ &KѭѫQJ ,, FӫD &{QJ ѭӟF
&KѭѫQJ Qj\ TX\ ÿӏQK FiF QJX\rQ WҳF NKL WKDP JLD YjR JLDR WK{QJ ÿѭӡQJ Eӝ F
FiF SKѭѫQJ WLӋQ Yj FKӫ WKӇ &KѭѫQJ
ĈLӅX NLӋQ WKӯD QKұQ SKѭѫQJ WLӋQ Fѫ JLӟL Yj 5ѫ PRRF WKD WK{QJ TXӕF WӃ ÿLӅX ± &KѭѫQJ
1JѭӡL ÿLӅX NKLӇQ SKѭѫQJ WLӋQ Fѫ JLӟL ÿLӅX ± &KѭѫQJ
ĈLӅX NLӋQ ÿӇ WKӯD QKұQ [H ÿҥS Yj [H PRSHG WKDP JLD YjR TXӕF WӃ ÿLӅX &KѭѫQJ ĈLӅX NLӋQ FXӕL F QJ ÿLӅX ±
6ӵ WKDP JLD FӫD 9LӋW 1DP YjR F{QJ ѭ 1JKӏ TX\ӃW Vӕ 14 &3 QJj\ YӅ YLӋF JLD QKұS F{QJ 7K{QJ EiR Vӕ
7% /347 FӫD %ӝ 1JRҥL JLDR QJj\ WKiQJ YӅ JLD QKұS F{QJ ѭӟF
7KHR WK{QJ EiR QrX WUrQ NӇ Wӯ QJj\ 9LӋW 1DP ÿm F
WKjQK YLrQ FӫD &{QJ ѭӟF 9LHQ YӅ *LDR WK{QJ ÿѭӡQJ Eӝ 9LӋW 1DP EҧR OѭX ÿLӅX é QJKƭD FӫD Vӵ WKDP JLD
9LӋW 1DP Oj WKjQK YLrQ FӫD &{QJ ѭӟF 9LrQ GR ÿy *Lҩ\ SKpS OiL [H TXӕ
9LӋW 1DP FҩS VӁ ÿѭӧF Vӱ GөQJ WҥL
TXӕF JLD WKDP JLD &{QJ ѭӟF 9 QJѭӧF OҥL
7KHR \rX FҫX FӫD &{QJ ѭӟF
FiF QѭӟF SKҧL VӱD ÿəL OXұW ÿӇ SK KӧS QӝL GXQJ FӫD &{QJ ѭӟF
é QJKƭD FӫD &{QJ ѭӟF Yj Vӵ WKDP JLD
0RQJ PXӕQ WҥR WKXұQ OӧL FKR JLDR WK{QJ ÿѭӡQJ Eӝ TXӕF WӃ Yj W
WRjQ JLDR WK{QJ ÿѭӡQJ Eӝ WK{QJ TXD FiF TX\ WҳF JLDR WK{QJ ÿѭӡQ
4XӕF JLD WKjQK YLrQ SKҧL Fy EҧR ÿҧP OXұW SK KӧS YӟL F{QJ ѭӟF
4XӕF JLD WKjQK YLrQ SKҧL WKӯD QKұQ SKѭѫQJ WLӋQ FӫD FiF QѭӟF W
WKDP JLD JLDR WK{QJ TXӕF WӃ WUrQ OmQK WKə FӫD QѭӟF PuQK
3KѭѫQJ WLӋQ ³WKDP JLD JLDR WK{QJ TXӕF WӃ´ WUrQ OmQK WKə FӫD QJKƭD Oj SKѭѫQJ WLӋQ L
WKXӝF TX\ӅQ Vӣ KӳX FӫD PӝW Fi QKkQ
QKkQ WKѭӡQJ WU~ ErQ QJRjL TXӕF JLD ÿy LL FKѭD ÿăQJ Nê WҥL T LLL
ÿѭӧF WҥP QKұS YjR TXӕF JLD ÿy Fy TX\ӅQ Wӯ FKӕL QӃX SKѭ WKDP JLD TXi
QăP WUrQ OmQK WKə FӫD QѭӟF PuQK
4XӕF JLD WKjQK YLrQ F{QJ QKұQ QJѭӡL ÿLӅX NKLӇQ SKѭѫQJ WLӋQ W
WK{QJ TXӕF WӃ NKL Kӑ ÿѭӧF PӝW QѭӟF WKjQK YLrQ NKiF FҩS EҵQJ T WKjQK YLrQ FӫD F{QJ ѭӟF
*Lҩ\ SKpS OiL [H TXӕF WӃ Fy ÿѭӧF Vӱ GөQJ ӣ 9LӋW 1 &ұS QKұW O~F 7Kӭ +DL *07 ͵ Ϳ ÿ ͱ ÿ ͵ ͷ Ϳ Ĉ Ή ͻ ÿ ͵ Ϳ ÿ ͱ Ĉ ͱ ÿ ÿ ͻ ÿ ͷ Ĉӛ 1JӑF 'X\ ͽ
7KHR 3KzQJ 4XҧQ Oê QJѭӡL OiL 6ӣ *7 97 QăP
9LӋW 1DP ÿm JLD QKұS &{QJ ѭӟF *LDR WK{QJ ÿѭӡQJ Eӝ QăP
Fy KLӋX OӵF ÿӕL YӟL 9LӋW 1DP Wӯ QJj\ ĈLӅX
F{QJ ѭӟF Qj\ TX\ ÿӏQK FiF TXӕF JLD Nê NӃW SKҧL F{QJ QKұQ JLҩ\ SKpS OiL [H
ÿѭӧF OiL [H KӧS OӋ WUrQ OmQK WKə FӫD PuQK
PLӉQ Oj JLҩ\ SKpS ÿy YүQ FzQ KLӋX OӵF TXӕF JLD Nê NӃW
ĈӭF FNJQJ Oj WKjQK YLrQ Yj WKDP JLD Nê NӃW F{QJ ѭӟF Wӯ QJj\ WK{Q 7ҥL .KRҧQ ĈLӅX 7K{QJ Wѭ
77 %*797 FӫD %ӝ *7 97 TX\ ÿӏQK YӅ ÿjR W
FҩS SKpS OiL [H Fѫ JLӟL ÿѭӡQJ Eӝ Fy TX\ ÿӏQK
QJѭӡL QѭӟF QJRjL KRһF QJѭӡL 9LӋW 1DP F
QJRjL Fy QKX FҫX OiL [H ӣ 9LӋW 1DP WKӵF KLӋQ QKѭ VDX QӃX Fy JLҩ\ SKpS OiL [H FӫD
OjP WKӫ WөF ÿəL VDQJ JLҩ\ SKpS OiL [H WѭѫQJ ӭQJ FӫD 9LӋW 1DP WUѭӡQJ KӧS ÿLӅX ѭӟF
SKpS OiL [H Pj 9LӋW 1DP Oj WKjQK YLrQ Fy TX\ ÿӏQK NKiF WKu iS GөQJ TX\ ÿӏQK FӫD ÿLӅX
'R Fҧ 9LӋW 1DP Yj ĈӭF ÿӅX Oj WKjQK YLrQ &{QJ ѭӟF YӅ *LDR WK{QJ ÿѭӡQJ Eӝ QrQ
QJѭӡL OiL [H ÿy ÿѭӧF Fѫ TXDQ Fy WKҭP TX\ӅQ QѭӟF ĈӭF FҩS JLҩ\ SKpS OiL [H TXӕF WӃ WK GөQJ WUrQ OmQK WKə 9LӋW 1DP
&{QJ ѭӟF YӅ ELӇQ EiR Yj WtQ KLӋX ÿѭӡ 7rQ FӫD F{QJ ѭӟF
&RQYHQWLRQ RQ 5RDG 6LJQV DQG 6LJQDOV Nê QJ ±KLӋQ Fy TXӕF JLD Oj WKjQK YLrQ
9LӋW 1DP ÿDQJ Oj WKjQK YLrQ FӫD F{QJ ѭӟF Qj\ Wӯ QJj\
Ĉk\ Oj KLӋS ѭӟF ÿD SKѭѫQJ ÿѭӧF WKLӃW NӃ ÿӇ WăQJ FѭӡQJ DQ WRjQ
ÿѭӡQJ Eӝ Yj Kӛ WUӧ JLDR WK{QJ ÿѭӡQJ Eӝ TXӕF WӃ EҵQJ FiFK WLrX
KӋ WKӕQJ Nê KLӋX FKR JLDR WK{QJ ÿѭӡQJ Eӝ ELӇQ EiR ÿqQ JLDR Nҿ ÿѭӡQJ
Vӱ GөQJ WURQJ JLDR WK{QJ TXӕF WӃ
&{QJ ѭӟF Qj\ \rX FҫX FiF WKjQK YLrQ SKҧL EҧR ÿҧP ELӇQ EiR Yj WtQ ÿѭӡQJ Eӝ SK
KӧS YӟL TX\ ÿӏQK FӫD F{QJ ѭӟF 6DX NKL JLD QKұS F{QJ ѭӟF QăP 91 ÿm [k\ GӵQJ TX\ FKXҭQ TX EiR KLӋX ÿѭӡQJ Eӝ
1DWLRQDO 7HFKQLFDO 5HJXODWLRQ RQ 7UDIILF 6L 6LJQDOV Vӕ 4&91 %*797 &{QJ ѭӟF Fy FKѭѫQJ ÿLӅX Yj SKө Oө &KѭѫQJ , &iF TX\ ÿӏQK FKXQJ ĈLӅX ÿӃQ ĈLӅX
&KѭѫQJ ,, %LӇQ EiR ÿѭӡQJ Eӝ ĈLӅX ÿӃQ ĈLӅX
&KѭѫQJ ,,, 7tQ KLӋX ÿqQ JLDR WK{QJ ĈLӅX ÿӃQ ĈLӅX
&KѭѫQJ ,9 9ҥFK Nҿ ÿѭӡQJ ĈLӅX ÿӃQ ĈLӅX
&KѭѫQJ 9 &iF YҩQ ÿӅ NKiF ĈLӅX ÿӃQ
&KѭѫQJ 9, &iF ÿLӅX NKRҧQ FXӕL F QJ ĈLӅX ÿӃQ 3Kө OөF %LӇQ EiR KLӋX ÿѭӡQJ Eӝ 3Kө OөF
9ҥFK Nҿ ÿѭӡQJ Yj FiF Vѫ ÿӗ 3Kө OөF
6DR FKpS 0jX VҳF FӫD FiF 'ҩX KLӋX %LӇX WѭӧQJ Yj %ҧ FұS WURQJ 3Kө OөF
&iF F{QJ ѭӟF YӅ WKӫ WөF KҧL TXDQ WURQJ Y Eӝ TXӕF WӃ
&iF F{QJ ѭӟF ÿD SKѭѫQJ YӅ KҧL TXDQ WURQJ YұQ WҧL ÿѭӡQJ Eӝ GR TXҧQ Oê JӗP Fy F{QJ ѭӟF
9LӋW 1DP ÿDQJ WURQJ TXi WUuQK QJKLrQ FӭX ÿӇ JLD QKұS FiF F{QJ ѭ
&{QJ ѭӟF +ҧL TXDQ YӅ WҥP QKұS SKѭѫQJ WLӋQ YұQ WҧL WKѭѫQJ PҥL
&{QJ ѭӟF +ҧL TXDQ YӅ &RQWDLQHU *HQHYD
&{QJ ѭӟF +ҧL TXDQ YӅ YұQ FKX\ӇQ KjQJ KyD TXӕF WӃ EҵQJ ÿѭӡQJ Eӝ 7,5 *HQHYD
&{QJ ѭӟF TXӕF WӃ YӅ KjL KzD FiF WKӫ WөF WҥL ELrQ JLӟL ÿӕL YӟL YұQ EҵQJ ÿѭӡQJ Eӝ *HQHYD
4Xi WUuQK WKDP JLD FӫD 9LӋW 1DP
9LӋW 1DP ÿѭӧF JӧL ê WKDP JLD FiF F{QJ ѭӟF Qj\ WҥL +ӝL QJKӏ %ӝ WUѭӣQJ *797 G
KӧS WiF YӅ .LQK WӃ Yj ;m KӝL NKX YӵF FKkX È ±7KiL %uQK 'ѭѫQJ FӫD /LrQ KӧS (6&$3 Wə FKӭF WҥL %ăQJ &ӕF 7KiL /DQ WURQJ KDL QJj\ Yj
7ҥL+ӝLQJKӏ 91QKҩQPҥQKWӟLFiFѭXWLrQWURQJFKtQKViFKSKiW WULӇQ*797QKѭVDX
;k\GӵQJNӃWFҩXKҥWҫQJJLDRWK{QJQKҵPNӃW QӕLYӟLPҥQJĈѭӡQJEӝFKkXÈYjÿѭӡQJ VҳW
[X\rQÈ ÿӗQJWKӡLFNJQJѭXWLrQSKiWWULӇQJLDRWK{QJӣY QJVkX Y QJ[D Y QJÿӗQJEjRGkQWӝF WKLӇXVӕ
%rQFҥQKYLӋFQkQJFҩS [k\GӵQJFѫVӣKҥWҫQJ 9LӋW1DPFNJQJFK~WUӑQJNêNӃWYjWKӵFWKLFiF
+LӋSÿӏQKYӅWҥRWKXұQOӧLFKRYұQWҧLQJѭӡLYjKjQJKyDTXDOҥLELrQJLӟLYӟLFiFQѭӟFOiQJJLӅQJ
YjNKXYӵF QKҵPWK~Fÿҭ\KӧSWiFNLQKWӃ WKѭѫQJPҥL ÿҫXWѭYjGXOӏFKJLӳDQѭӟF WD YӟL FiF QѭӟF
9ӅSKiWWULӇQORJLVWLFV 9LӋW1DP FNJQJ ÿmWK{QJTXD 4X\KRҥFKSKiW WULӇQKӋWKӕQJFiFFҧQJFҥQW
%ҳFWӟL1DP WURQJSKiWWULӇQKҥWҫQJJLDRWK{QJFK~QJWDFK~ê [k\GӵQJFiFNӃWQӕLÿѭӡQJEӝ
ÿѭӡQJVҳWWӟLFiFFҧQJELӇQ VkQED\ FiFWUXQJWkPSKkQSKӕLKjQJKyDWҥRÿLӅXNLӋQSKiWWULӇQ
YұQWҧLÿDSKѭѫQJWKӭFYjORJLVWLFV
3KiWWULӇQ*797EӅQYӳQJ KLӋQQD\WDÿDQJWULӇQNKDLYұQWҧLEҵQJÿѭӡQJVҳWYjÿѭӡQJWKӫ\ÿӇ
JLҧPWҧLFKRKӋWKӕQJÿѭӡQJEӝ FNJQJQKѭOjJLҧPWKLӇXOѭӧQJSKiWWKҧLNKt&2 YjEѭӟFÿҫXӭQJ
GөQJQKLrQOLӋXVLQKKӑFWURQJYұQWҧL
&{QJ ѭӟF +ҧL TXDQ YӅ WҥP QKұS SKѭѫQJ W WKѭѫQJ PҥL 7rQ FӫD F{QJ ѭӟF
&XVWRPV &RQYHQWLRQ RQ WKH 7HPSRUDU\ ,PSRUW &RPPHUFLDO 5RDG 9HKLFOHV .ê NӃW WҥL 1HZ WKiQJ QăP +LӋQ WҥL F{QJ ѭӟF Fy WKjQK YLrQ &{QJ ѭӟF Fy ÿLӅX NKRҧQ 7ҥP QKұS
Fy QJKƭD Oj NK{QJ [HP ÿy Oj KjQK YL QKұS NKҭX JLӕQJ QK WKѭӡQJ 0өF ÿtFK
&iF QѭӟF WKDP JLD FDP NӃW WҥR WKXұQ OӧL FKR FiF ORҥ
YұQ WҧL ÿѭӡQJ Eӝ WKѭѫQJ PҥL FӫD FiF QѭӟF WKjQK YLrQ NKiF ÿѭӧF
WҥP WKӡL WURQJ OmQK WKə QѭӟF PuQK Pj NK{QJ WKX WKXӃ QKұS N ÿy +LӋQ WҥL F{QJ ѭӟF Qj\ Fy WKjQK YLrQ JӗP TXӕF JLD WKjQK
Yj WRjQ Eӝ /LrQ PLQK &KkX ÆX ±(8 ± TXӕF JLD
&{QJ ѭӟF +ҧL TXDQ YӅ &RQWDLQHU *HQHY 7rQ FӫD F{QJ ѭӟF
&XVWRPV &RQYHQWLRQ RQ &RQWDLQHUV .ê WҥL *HQHYD QJj\ WKiQJ QăP +LӋQ WҥL F{QJ ѭӟF Qj\ Fy WKjQK YLrQ &{QJ ѭӟF JӗP FKѭѫQJ ÿLӅX NKRҧQ Yj SKө OөF
0өF ÿtFK FӫD F{QJ ѭӟF Oj WҥR WKXұQ OӧL FKR YұQ FKX\ӇQ TXӕF WӃ FRQWDLQHU
&{QJ ѭӟF FKR SKpS FiF FRQWDLQHUYұQ FKX\ӇQ ÿѭӧF ÿѭD Wӯ PӝW TXӕ
FKXҭQ VDQJ PӝW TXӕF JLD SKr FKXҭQ Yj ÿѭӧF PLӉQ WKXӃ WURQJ WK WKiQJ
&{QJ ѭӟF +ҧL TXDQ YӅ YұQ FKX\ӇQ KjQJ KyD EҵQJ ÿѭӡQJ Eӝ &{QJ ѭӟF 7,5 7rQ F{QJ ѭӟF
&XVWRPV &RQYHQWLRQ RQ WKH ,QWHUQDWLRQDO 7UDQVSRUW &RYHU RI 7,5 &DUQHWV 7,5 &RQYHQWLRQ 7,5
7UDQVSRUWV ,QWHUQDWLRQDX[ 5RXWLHUV WLӃQJ 3KiS 9ұQ WҧL ÿѭӡ .ê NӃW WҥL *HQHYD QJj\ WKiQJ QăP +LӋQ WҥL F{QJ ѭӟF Fy TXӕF JLD WKjQK YLrQ &{QJ ѭӟF Fy FKѭѫQJ ÿLӅX NKRҧQ Yj SKө OөF
&iF ErQ WKDP JLD F{QJ ѭӟF Fy PRQJ PXӕQ WҥR WKXұQ OӧL FKR YLӋF YұQ
KyD TXӕF WӃ EҵQJ SKѭѫQJ WLӋQ ÿѭӡQJ Eӝ
9LӋF FҧL WKLӋQ FiF ÿLӅX NLӋQ JLDR WK{QJ YұQ WҧL Oj PӝW WURQJ QKӳQ
FKR Vӵ SKiW WULӇQ KӧS WiF JLӳD FiF ErQ
0өF ÿtFK FӫD F{QJ ѭӟF ӫQJ Kӝ YLӋF ÿѫQ JLҧQ KyD Yj KjL KzD KyD FiF WKӫ
FKtQK WURQJ OƭQK YӵF YұQ WҧL TXӕF WӃ
ÿһF ELӋW Oj WҥL FiF ELrQ JLӟL 7KjQK YLrQ FӫD F{QJ ѭӟF 7,5
&{QJ ѭӟF TXӕF WӃ YӅ KjL KzD FiF WKӫ WөF
ÿӕL YӟL YұQ WҧL KjQJ KyD EҵQJ ÿѭӡQJ Eӝ 7rQ FӫD F{QJ ѭӟF
,QWHUQDWLRQDO &RQYHQWLRQ RQ WKH +DUPRQL]DW &RQWUROV RI *RRGV .ê NӃW WҥL *HQHYD QJj\ WKiQJ QăP +LӋQ WҥL Fy WKjQK YLrQ &{QJ ѭӟF Fy FKѭѫQJ ÿLӅX NKRҧQ Yj SKө OөF
0өF ÿtFK FӫD F{QJ ѭӟF Oj FҧL WKLӋQ OѭX WK{QJ KjQJ KyD TXӕF WӃ
FKR YLӋF YұQ FKX\ӇQ KjQJ KyD TXD ELrQ JLӟL WҥR ÿLӅX NLӋQ ÿӇ W
ELӋQ SKiS NLӇP VRiW PӝW FiFK KjL KzD UӝQJ UmL Pj NK{QJ ҧQK Kѭ
ÿtFKYjYLӋF WKӵF KLӋQ FiF WKӫ WөF KҧL TXDQ FӫD WӯQJ TXӕF JLD &KѭѫQJ
/XұW *LDR WK{QJ ĈѭӡQJ Eӝ Yj /XұW ĈѭӡQJ VҳW 6ӕ 0өF 1ӝL GXQJ WLӃW /XɪW *LDR WK{QJ Ĉɉ QJ E /XɪW Ĉɉ QJ VɬW 7əQJ /XұW *LDR WK{QJ ĈѭӡQJ Eӝ
/XұW *LDR WK{QJ ĈѭӡQJ EӝVӕ 4+ Nê QJj\ WKiQJ QăP /XұW ÿѭӧF VӱD ÿəL Eə VXQJ YjR FiF QăP EӣL /XұW 3KzQJ F FӫD UѭӧX ELD Yj /XұW 6ӱD ÿəL Eə VXQJ ÿLӅX FӫD OLrQ TXDQ QăP
+LӋQ WҥL /XұW *LDR WK{QJ ĈѭӡQJ Eӝ Fy KLӋX OӵF WҥL 9LӋW 1jP Oj 9ăQ E 6ӕ 9%+1 934+ QJj\ WKiQJ QăP /XұW Qj\ KLӋQ Fy FKѭѫQJ Yj ÿLӅX NKRҧQ &KѭѫQJ 1KӳQJ TX\ ÿӏQK FKXQJ &KѭѫQJ
4X\ WҳF JLDR WK{QJ ÿѭӡQJ Eӝ &KѭѫQJ
.ӃW FҩX Kҥ WҫQJ JLDR WK{QJ ÿѭӡQJ Eӝ &KѭѫQJ
3KѭѫQJ WLӋQ WKDP JLDR JLDR WK{QJ ÿѭӡQJ Eӝ &KѭѫQJ
1JѭӡL ÿLӅX NKLӇQ SKѭѫQJ WLӋQ JLDR WK{QJ ÿѭӡQJ Eӝ &KѭѫQJ 9ұQ WҧL ÿѭӡQJ Eӝ &KѭѫQJ
4XҧQ Oê 1Kj QѭӟF YӅ JLDR WK{QJ ÿѭӡQJ Eӝ &KѭѫQJ ĈLӅX NKRҧQ WKL KjQK
&iF YăQ EҧQ TX\ SKҥP SKiS OXұW Fy OLrQ TXDQ 1JKӏ ÿӏQK 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL FiF 1JKӏ ÿӏQK TX\ ÿӏQK OLrQ TXDQ
ÿӝQJ NLQK GRDQK WURQJ OƭQK YӵF ÿѭӡQJ Eӝ 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL 1JKӏ ÿӏQK 1Ĉ &3 TX\ ÿӏQ
GRDQK Yj ÿLӅX NLӋQ NLQK GRDQK YұQ WҧL EҵQJ [H { W{ 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL FiF 1JKӏ ÿӏQK TX\ ÿӏQK [ӱ SKҥW Y
KjQK FKtQK WURQJ OƭQK YӵF KjQJ KҧL JLDR WK{QJ ÿѭӡQJ Eӝ ÿѭӡQJ NK{QJ GkQ GөQJ 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL 1JKӏ ÿӏQK 1Ĉ &3 TX\ ÿ
TXҧQ Oê Yj EҧR YӋ NӃW FҩX Kҥ WҫQJ JLDR WK{QJ ÿѭӡQJ Eӝ 1JKӏ ÿӏQK
1Ĉ &3 TX\ ÿӏQK YӅ NLQK GRDQK Yj ÿLӅX NLӋQ N WҧL EҵQJ [H { W{ 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL 1JKӏ ÿӏQK YӅ YұQ WҧL ÿD SKѭѫ 1JKӏ ÿӏQK WW 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL 1JKӏ ÿӏQK 1Ĉ &3 VӱD ÿ ÿӏQK
1Ĉ &3 TX\ ÿӏQK YӅ TXҧQ Oê Yj EҧR YӋ NӃW FҩX Kҥ ÿѭӡQJ Eӝ 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL 1JKӏ ÿӏQK 1Ĉ &3 TX\ ÿӏQ
Oê Yj EҧR YӋ NӃW FҩX Kҥ WҫQJ JLDR WK{QJ ÿѭӡQJ Eӝ 1JKӏ ÿӏQK 1Ĉ &3 YӅ TXҧQ Oê NKDL WKiF Yj EҧR WUu F{ FDR WӕF 1JKӏ ÿӏQK
1Ĉ &3 VӱD ÿəL 1JKӏ ÿӏQK 1Ĉ &3 TX\ ÿ
TXҧQ Oê Yj EҧR YӋ NӃW FҩX Kҥ WҫQJ JLDR WK{QJ ÿѭӡQJ Eӝ 1JKӏ ÿӏQK
1Ĉ &3 TX\ ÿӏQK YӅ TXҧQ Oê Yj EҧR YӋ NӃW FҩX WK{QJ ÿѭӡQJ Eӝ 1JKӏ ÿӏQK
1Ĉ &3 YӅ WtQ KLӋX FӫD [H ÿѭӧF TX\ӅQ ѭX WL 1JKӏ ÿӏQK
1Ĉ &3 YӅ YұQ WҧL ÿD SKѭѫQJ WKӭF
&iF YăQ EҧQ TX\ SKҥP SKiS OXұW Fy OLrQ TXDQ W 7K{QJ Wѭ 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 TX\ ÿӏQK Y
TXҧQ Oê KRҥW ÿӝQJ YұQ WҧL EҵQJ [H { W{ Yj GӏFK Yө Kӛ WUӧ YұQ WҧL ÿѭӡQ 7K{QJ Wѭ
77 %*797 VӱD ÿəL 7K{QJ Wѭ WURQJ OƭQK YӵF ÿăQJ NLӇP 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 TX\ ÿӏQK Y ViW KҥFK
FҩS JLҩ\ SKpS OiL [H Fѫ JLӟL ÿѭӡQJ Eӝ 7K{QJ Wѭ 77 %&$ QJj\ WKiQJ QăP 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 TX\ ÿӏQK Y
YұQ KjQK NKDL WKiF Yj EҧR WUu F{QJ WUuQK ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ KRҥW ÿӝQJ WUҥP WKX SKt ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ TXҧQ Oê KRҥW ÿӝQJ FӫD 7UҥP NLӇP [H WUrQ ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ NLӇP ÿӏQK DQ WRjQ Nӻ WKXұW Yj E
WUѭӡQJ SKѭѫQJ WLӋQ JLDR WK{QJ Fѫ JLӟL ÿѭӡQJ Eӝ 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 TX\ ÿӏQK Y
TXҧQ Oê KRҥW ÿӝQJ YұQ WҧL EҵQJ [H { W{ Yj GӏFK Yө Kӛ WUӧ YұQ WҧL ÿѭӡQ 7K{QJ Wѭ WW 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 YӅ FҩS
Vӱ GөQJ JLҩ\ SKpS OiL [H TXӕF WӃ Yj 7K{QJ Wѭ 7 ÿӏQK YӅ ÿjR WҥR ViW KҥFK
FҩS JLҩ\ SKpS OiL [H Fѫ JLӟL ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %&$ TX\ ÿӏQK YӅ TX\ WUuQK FҩS WKX KӗL
SKѭѫQJ WLӋQ JLDR WK{QJ Fѫ JLӟL ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ Wə FKӭF TXҧQ Oê KRҥW
EҵQJ [H { W{ Yj GӏFK Yө Kӛ WUӧ YұQ WҧL ÿѭӡQJ Eӝ 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 YӅ ÿjR WҥR ViW KҥFK
FҩS JLҩ\ SKpS OiL [H Fѫ JLӟL ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ WӕF ÿӝ Yj NKRҧQJ FiFK D [H Fѫ JLӟL
[H Pi\ FKX\rQ G QJ WKDP JLD JLDR WK{QJ ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ ÿăQJ Nê [H Pi\ FKX\rQ G QJ 7K{QJ Wѭ 77 %*797 VӱD ÿəL
Eə VXQJ PӝW Vӕ ÿLӅX FӫD F WURQJ OƭQK YӵF ÿăQJ NLӇP 7K{QJ Wѭ WW 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ TXҧQ Oê YұQ KjQK NKDL WKiF Yj EҧR
ÿѭӡQJ Eӝ GR %ӝ WUѭӣQJ %ӝ *LDR WK{QJ YұQ WҧL EDQ KjQK 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ ÿjR WҥR ViW KҥFK FҩS JLҩ\ SKpS OiL ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK WҧL WUӑQJ NKə JLӟL KҥQ ÿѭӡQJ Eӝ Oѭ WUӑQJ [H TXi NKə JLӟL KҥQ [H EiQK [tFK WUrQ ÿѭӡQJ Eӝ YұQ FKX\ӇQ KjQJ VLr WUӑQJ
JLӟL KҥQ [ӃS KjQJ KyD WUrQ SKѭѫQJ WLӋQ NKL WKDP JLD JLDR WK{QJ ÿѭ 7K{QJ Wѭ OLrQ WӏFK
77/7 %<7 %*797 TX\ ÿӏQK YӅ WLrX FKXҭQ VӭF NKӓH [H
YLӋF NKiP VӭF NKӓH ÿӏQK NǤ ÿӕL YӟL QJѭӡL OiL [H { W{ Yj TX\ ÿӏQK YӅ Fѫ NKӓH FKR QJѭӡL OiL [H 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ Wə FKӭF JLDR WK{QJ Yj ÿһW ELӇQ EiR
WUӑQJ OѭӧQJ [H TXD FҫX ÿѭӡQJ Eӝ 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 TX\ ÿӏQK YLӋ
FKҩW OѭӧQJ DQ WRjQ Nӻ WKXұW Yj EҧR YӋ P{L WUѭӡQJ WURQJ VҧQ [XҩW OҳS U
dŚƀŶŐ ƚӇ ϱϱ ϮϬϭϰ ddͲ 'dsd ƐӊĂ ĜҼŝ dŚƀŶŐ ƚӇ ϯϭ ϮϬϭϭ ddͲ 'dsd ǀҲ Ŭŝҳŵ ƚƌĂ ĐŚҤ
ƚŽăŶ Ŭӎ ƚŚƵҨƚ ǀă ďңŽ ǀҵ ŵƀŝ ƚƌӇӁŶŐ džĞ Đҿ ŐŝӀŝ ŶŚҨƉ ŬŚҦƵ 7K{QJ Wѭ WW 7K{QJ Wѭ 77 %*797 VӱD ÿəL 7K{QJ Wѭ 77 %*797 KѭӟQJ GүQ Y [H WK{ Vѫ [H JҳQ Pi\ [H P{ W{ KDL
ED EiQK Yj [H WѭѫQJ Wӵ ÿӇ YұQ FKX\ӇQ KjQJ KyD 7K{QJ Wѭ OLrQ WӏFK
77/7 %<7 %&$ YӅ [pW QJKLӋP QӗQJ ÿӝ FӗQ WURQJ
ÿLӅX NKLӇQ SKѭѫQJ WLӋQ JLDR WK{QJ Fѫ JLӟL ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ [ӃS KjQJ KyD WUrQ [H {W{ NKL WKDP WUrQ ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ NLӇP WUD FKҩW OѭӧQJ DQ WRjQ Nӻ W
WUѭӡQJ [H Fѫ JLӟL QKұS NKҭX 7K{QJ Wѭ
77 %*797 TX\ ÿӏQK YӅ NLӇP WUD FKҩW OѭӧQJ DQ WRjQ Nӻ W WUѭӡQJ WURQJ VҧQ [XҩW OҳS UiS [H Fѫ JLӟL 7K{QJ Wѭ OLrQ WӏFK
77/7 %&$ %*797 TX\ ÿӏQK YӅ SKӕL KӧS FXQJ FҩS Vӕ Nê
ÿăQJ NLӇP SKѭѫQJ WLӋQ JLDR WK{QJ Fѫ JLӟL ÿѭӡQJ Eӝ Gӳ OLӋX YӅ WDL Qҥ FҩS ÿəL WKX KӗL
WѭӟF TX\ӅQ Vӱ GөQJ JLҩ\ SKpS OiL [H FKӭQJ FKӍ EӗL GѭӥQ
OXұW YӅ JLDR WK{QJ ÿѭӡQJ Eӝ 7K{QJ Wѭ
77 %*797 KѭӟQJ GүQ Vӱ GөQJ [H WK{ Vѫ [H JҳQ Pi\ [H P{
[H P{ W{ ED EiQK Yj FiF ORҥL [H WѭѫQJ Wӵ ÿӇ YұQ FKX\ӇQ KjQK NKiFK KjQJ Ky /XұW ĈѭӡQJ VҳW /XұW ĈѭӡQJ VҳW Vӕ 4+ QJj\ KLӋX OӵF WKL Kj /XұW Fy FKѭѫQJ Yj ÿLӅX NKRҧQ &KѭѫQJ 1KӳQJ TX\ ÿӏQK FKXQJ &KѭѫQJ
.ӃW FҫX Kҥ WҫQJ ÿѭӡQJ VҳW &KѭѫQJ
3KiW WULӇQ F{QJ QJKLӋS ÿѭӡQJ VҳW SKѭѫQJ WLӋQ JLDR WK{QJ ÿѭ &KѭѫQJ 1KkQ YLrQ ÿѭӡQJ VҳW
WUӵF WLӃS SKөF Yө FKҥ\ WjX &KѭѫQJ 7tQ KLӋX
TX\ WҳF JLDR WK{QJ Yj EҧR ÿҧP WUұW Wӵ DQ WRjQ * &KѭѫQJ .LQK GRDQK ÿѭӡQJ VҳW &KѭѫQJ ĈѭӡQJ VҳW ÿ{ WKӏ &KѭѫQJ ĈѭӡQJ VҳW WӕF ÿӝ FDR &KѭѫQJ
4XҧQ Oê 1Kj QѭӟF YӅ KRҥW ÿӝQJ ÿѭӡQJ VҳW &KѭѫQJ ĈLӅX NKRҧQ WKL KjQK ĈѭӡQJ VҳW WӕF ÿӝ FDR
7KHR EiR FiR QJKLrQ FӭX WLӅQ NKҧ WKL ÿѭӧF %ӝ *LDR
WK{QJ 9ұQ WҧL WUuQK &KtQK SKӫ Gӵ iQ ÿѭӡQJ VҳW WӕF ÿӝ FDR %ҳF 1DP ÿL TXD WӍQK WKjQK Wӯ +j 1ӝL ÿӃQ 73 +&0 7URQJ ÿy
ÿLӇP ÿҫX WҥL JD 1JӑF +ӗL +j 1ӝL ÿLӇP FXӕL WҥL JD 7Kӫ 7KLrP 73 +&0 Ĉk\ Oj WX\ӃQ ÿѭӡQJ VҳW WӕF ÿӝ FDR ÿѭӡQJ ÿ{L NKə PP ÿLӋQ NKt KyD GjL NP WӕF ÿӝ NKDL WKiF WӕL ÿD NP K ĈRjQ WjX Vӱ
GөQJ F{QJ QJKӋ ÿӝQJ OӵF SKkQ WiQ
7əQJ PӭF ÿҫX Wѭ Gӵ NLӃQ WRjQ Eӝ Gӵ iQ Wӹ 86' EDR JӗP
&KL SKt JLҧL SKyQJ PһW EҵQJ Wӹ 86' [k\ GӵQJ Wӹ 86' WKLӃW Eӏ Wӹ 86' TXҧQ Oê Gӵ iQ Wѭ YҩQ Wӹ 86' Gӵ SKzQJ Wӹ 86'
ĈӇ EҧR ÿҧP KLӋX TXҧ Yj SK KӧS YӟL NKҧ QăQJ FkQ ÿӕL QJXӗQ OӵF QKX FҫX YұQ WҧL
Gӵ iQ Fy WKӇ SKkQ NǤ ÿҫX Wѭ WKHR KDL JLDL ÿRҥQ *LDL ÿRҥQ ÿҫX Wѭ ÿRҥQ +j 1ӝL 9LQK Yj ÿRҥQ 1KD 7UDQJ 73 +&0 GjL NP WəQJ PӭF ÿҫX Wѭ Gӵ NLӃQ Wӹ 86' /ӝ WUuQK WKӵF KLӋQ WKӫ WөF ÿҫX Wѭ JLDL ÿRҥQ WKL F{QJ JLDL ÿRҥQ
ÿѭD YjR NKDL WKiF NKRҧQJ QăP &KѭѫQJ 
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLKjQJKRiEҵQJ ÿѭӡQJKjQJNK{QJ 6ӕ 0өF 1ӝLGXQJ WLӃW
.KiLTXiWYӅYұQWҧLKjQJKRiTXӕFWӃEҵQJÿѭӡQJNK{QJ 
YjFiFÿLӅXѭӟFTXӕFWӃ 
+ӋWKӕQJF{QJѭӟF9DFVDYD  
0RQWUHDOYj1JKӏÿӏQKWKѭ0RQWUHDO  
&{QJѭӟF&KLFDJR  7әQJ 
 .KiLTXiWYӅYұQWҧLKjQJKRiTXӕFWӃEҵQJÿѭӡQJ
NK{QJYjFiFÿLӅXѭӟFTXӕFWӃ
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJ
 9ұQWҧLÿѭӡQJKjQJNK{QJOjSKѭѫQJWKӭFPjKjQJÿѭӧFFKX\ӇQEҵQJPi\
ED\FKӣKjQJFKX\rQGөQJWLӃQJ$QKOj&DUJR$LUFUDIWKD\)UHLJKWHUKRһF
FKӣWURQJSKҫQEөQJFӫDPi\ED\KjQKNKiFK3DVVHQJHU3ODQH
 7ӹWUӑQJYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJKjQJNK{QJUҩWQKӓ7URQJQѭӟF
NKRҧQJTXӕFWӃNKRҧQJ
 0һFGKjQJKyDYұQFKX\ӇQÿѭӡQJKjQJNK{QJFKLӃPWӍWUӑQJQKӓWәQJ
WUӑQJOѭӧQJKjQJYұQFKX\ӇQTXӕFWӃ7X\QKLrQYұQWҧLÿѭӡQJKjQJNK{QJ
OҥLFKLӃPWӟLNKRҧQJYӅPһWJLiWUӏ
 7KHRKmQJFKӃWҥRPi\ED\%RHLQJWURQJQăPPi\ED\FKӣKjQJ
FKX\rQGөQJÿmYұQFKX\ӇQNKRҧQJFiFO{KjQJDLUWUrQWRjQFҫXWURQJ
NKLPi\ED\KjQKNKiFKÿҧPQKLӋPFzQOҥL
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW
9DLWUzFӫDYұQWҧLKjQJNK{QJ
 9ұQFKX\ӇQKjQJKyDEҵQJPi\ED\ FyQKӳQJѭXÿLӇPU}UjQJVRYӟLFiFKuQK
WKӭFYұQWҧLNKiFYuYұ\KuQKWKӭFQj\UҩWWKtFKKӧSÿӇYұQFKX\ӇQQKӳQJKjQJ
KRiFyJLiWUӏFDR YjKRһF ÿzLKӓLWKӡLJLDQJLDRKjQJ QKDQKQKѭ 7KѭWtQEѭX
SKҭPĈӝQJYұWVӕQJ+jQJGӉKѭKӓQJWKӵFSKҭPKRDWѭѫLKjQJѭӟSEҵQJÿi
NK{'ѭӧFSKҭP1KӳQJPһWKjQJJLiWUӏFDRYjQJNLPFѭѫQJ«7KLӃWEӏNӻ
WKXұWF{QJQJKӋFDRSKөWQJPi\ED\WjXELӇQ[HKѫL+jQJWLrXGQJ[D[Ӎ
ÿӗÿLӋQWӱWKӡLWUDQJ
 9ұQWҧLKjQJNK{QJFyYӏWUtÿһFELӋWTXDQWUӑQJWURQJJLDROѭXNLQKWӃJLӳDFiF
QѭӟFOjFҫXQӕLJLӳDFiFQӅQYăQKRiFӫDFiFGkQWӝFOjSKѭѫQJWLӋQFKtQK
WURQJGXOӏFKTXӕFWӃ
 9ұQWҧLKjQJNK{QJOjPӝWPҳW[tFKTXDQWUӑQJWURQJYLӋFOLrQNӃWFiFSKѭѫQJ
WKӭFYұQWҧLYӟLQKDXWҥRWKjQKYұQWҧLÿDSKѭѫQJWKӭF
 /jEӝPһWFӫDPӝWTXӕFJLD FKӍWLrXSKiWWULӇQFӫDQJjQKKjQJNK{QJSKiQiQK
WUuQKÿӝNӻWKXұW YjWLӅPOӵFNLQKWӃFӫDPӝWTXӕFJLD
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭ
/ӏFKVӱSKiWWULӇQFӫDKjQJNK{QJ :ULJKW)O\HU
 5DÿӡLÿҫXWKӃNӹWUѭӟF7KӡLNǤVѫ NKDL
 DQKHPQKj:ULJKWÿmFKӃWҥRWKLӃWEӏED\ÿҫXWLrQJӑLOj
:ULJKW)O\HUFKX\ӃQED\ÿҫXWLrQFKӍNpRGjLJLk\ÿӝFDRP
 7KLӃWEӏED\Qj\FyKDLOӟSFiQK QJѭӡLOiLVҧLFiQKP
FKLӅXFDR PFKLӅXGjLPWUӑQJOѭӧQJNJWӕFÿӝWӕLÿD 0XURPHWV
NPKÿӝQJFѫ[ăQJPmOӵF[\ODQK
 3KiWWULӇQQKDQKFKyQJQKѭQJFKӫ\ӃXSKөFYөFKR
WKӃFKLӃQWKӭ± Pi\ED\QpPERPÿmUDÿӡL
 +ѫQWULӋXFKLӃFÿѭӧFVҧQ[XҩWWURQJWKӡLNǤQj\ӣ
QKLӅXQѭӟFWUrQWKӃJLӟLÿӇSKөFYөFKRTXkQVӵWKӃFKLӃQWKӭ =HUR
YjFKRKRҥWÿӝQJWKѭѫQJPҥLKjQKNKiFKKjQJKRi1ăP
OҫQÿҫXWLrQÿmFyGӏFKYөKjQJNK{QJTXӕFWӃWKHROӏFK %RHLQJ&OLSSHU
 ± ÿӃQQD\ 6ӵSKiWWULӇQPҥQKPӁFӫDPi\ED\TXkQVӵ
FKLӃQOѭӧFYjPi\ED\WKѭѫQJPҥLWKHRFiFKѭӟQJDQWRjQ
WӕFÿӝFDRVӭFWҧLOӟQÿѭӡQJED\GjL«± QKӳQJPi\ED\OӟQ
QKѭ %RHLQJ $LEXV 
&iFTXӕFJLDÿӭQJÿҫXWURQJVҧQ[XҩWPi\ED\WURQJWKӃFKLӃQWKӭ &RXQWU\        7RWDO 86 
       8665
        8.
        *HUPDQ\
     
  -DSDQ   
     ,WDO\         )UDQFH        
%± WUӑQJOѭӧQJÿҫ\
± WUӑQJ OѭӧQJ
± WUӑQJ
WҧLNKRҧQJWҩQ
UӛQJWҩQÿҫ\WҧLWҩQ
OѭӧQJÿҫ\WҧLWҩQ
%RHLQJYj$LEXV$
$LUEXV$ L )
&iFWK{QJVӕNƭWKXұW )UHLJKWHU +mQJ6; $LUEXV 3KLF{QJ
&KX\ӃQED\ÿҫX  *LӟLWKLӋX  +jQKNKiFK +ҥQJ NK{QJFy 7uQKWUҥQJ ĈDQJKRҥWÿӝQJ &KLӅXGjL
 IWLQP &KӃWҥR ± &KLӅXGjLFiQK
 IWLQP 6ӕOѭӧQJ6; 
&KLSKt6; WULӋX 86' &KLӅXFDR
 IWLQP +jQKNKiFK
± 
&KLӅXUӝQJFDELQ
 IWP  OE  OE
7UӑQJOѭӧQJUӛQJ  NJ  NJ
7UӑQJOѭӧQJWӕLÿDNKLFҩWFiQK
 OE NJ 6ӭFFKӭDKjQJ
 IWñPñ  IWñPñ
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW  ѬXÿLӇP
 +jQKWUuQKWӕLѭXED\WKҷQJ  7ӕFÿӝFDR  ÿͱ ͵ ͷ  ÿͱ  ͳ ͳ
 9ұQWҧLÿѭӡQJKjQJNK{QJFNJQJFyWtQKDQWRjQFDRQKҩW
 .K{QJEӏFҧQWUӣEӣLEӅPһWÿӏDKuQKQKѭÿѭӡQJEӝKD\ÿѭӡQJWKӫ\'RÿyFyWKӇNӃWQӕL
ÿѭӧFJҫQQKѭWҩWFҧFiFTXӕFJLDWUrQWKӃJLӟL
 'ӏFKYөQKDQKFKyQJÿ~QJJLӡQKӡYjRWӕFÿӝED\UҩWQKDQKYjÿһFWtQKKjQJKyD
WKѭӡQJFyJLiWUӏFDRKRһFGӉKѭKӓQJ
 *LҧPWKLӇXWәQWKҩWSKiWVLQKGROjPKjQJÿәYӥKD\WUӝPFҳSYһWJk\UD
 7KӫWөFFKӭQJWӯÿѫQJLҧQGRED\WKҷQJWKӡLJLDQQJҳQ«
 3KtEҧRKLӇPYұQFKX\ӇQWKҩSKѫQGRtWUӫLURKѫQFiFSKѭѫQJWKӭFNKiF
 3KtOѭXNKRWKѭӡQJWKҩSGRÿһFWtQKKjQJKyDYjWӕFÿӝ[ӱOêWKӫWөFQKDQKFKyQJ
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW  +ҥQFKӃ
 &ѭӟFSKtFDR± WtQKWKHRNJ
 .K{QJSKKӧSÿӇFKX\rQFKӣKjQJFӗQJNӅQKKRһFQKӳQJORҥLKjQJFyNKӕL
OѭӧQJOӟQ'XQJWtFKYjNKӕLOѭӧQJKjQJVӁEӏJLӟLKҥQEӣLNtFKWKѭӟFNKRDQJ
KjQJNtFKWKѭӟFFӱDYjWUӑQJWҧLWKӵFFKӣFӫDPi\ED\1ӃXNK{QJWKӇÿѭDNLӋQ
KjQJYjRUDPӝWFiFKDQWRjQWKXұQWLӋQKRһFKjQJYѭӧWTXiWҧLWUӑQJFKRSKpS
FӫDPi\ED\ WKuNK{QJVӱGөQJÿѭӧFSKѭѫQJWKӭFQj\  9ӕQÿҫXWѭ FDR
 &KӏXҧQKKѭӣQJQKLӅXEӣLWKӡLWLӃWNӇFҧWURQJQKӳQJÿLӅXNLӋQWKӡLWLӃW[ҩXQKѭ
VѭѫQJPPѭDJL{QJ«FNJQJGӉJk\WUuKRmQKRһFKӫ\FKX\ӃQED\OjPQJѭQJ
WUӋGӏFKYөYұQFKX\ӇQKjQJNK{QJ
 5ӫLURYӅKѭKӓQJWDLQҥQPi\ED\
 &yJLӟLKҥQQKҩWÿӏQKYӅÿLӇPÿLÿLӇPÿӃQ
 ĈһFÿLӇP&yWtQKTXӕFWӃFDRNӻWKXұWQJ{QQJӳFKӭQJWӯWKӫWөF«WtQK
FKtQK[iFFDRWtQKDQQLQKFDR«
.KiLTXiWYӅYұQFKX\ӇQKjQJKRiEҵQJÿѭӡQJNK{QJWW
&ѭӟFSKtKjQJNK{QJ
 +LӋSKӝLYұQWҧLKjQJNK{QJ4XӕFWӃ± ,$7$,QWHUQDWLRQDO$LU7UDQVSRUW
$VVRFLDWLRQÿmFyTX\ÿӏQKYӅTX\WҳFFiFKWKӭFWtQKFѭӟFYjFKRSKiWKjQK
WURQJELӇXFѭӟFKjQJNK{QJ7$&77KH$LU&DUJR7DULII
 &{QJWKӭF&ѭӟFKjQJNK{QJ ĈѫQJLiFѭӟF[.KӕLOѭӧQJWtQKFѭӟF
 ĈѫQJLiFѭӟFWKD\ÿәLWKHRNKӕLOѭӧQJYұQFKX\ӇQFjQJQKLӅXJLiFѭӟFFjQJ
WKҩS0ӭFFѭӟFWKD\ÿәLWKHRNKӕLOѭӧQJQKѭGѭӟLNJWӯÿӃQGѭӟLNJ
WӯÿӃQGѭӟLNJWӯÿӃQGѭӟLNJWӯÿӃQGѭӟLNJ«
 .KӕLOѭӧQJWtQKFѭӟFNKӕLOѭӧQJWKӵFWӃ$FWXDO:HLJKWKRһFNKӕLOѭӧQJ
WKӇWtFK9ROXPH9ROXPHWULF'LPHQVLRQDO:HLJKW± WXǤNKӕLOѭӧQJQjROӟQKѫQ
 .KӕLOѭӧQJWKӇWtFK 7KӇWtFKFP
ͽ 7KQJKjQJQһQJNJNtFK
WKѭӟF[[G[U[FÎ .KӕLOѭӧQJWKӇWtFK [[ NJÎ 7tQK
WKHRNKӕLOѭӧQJWKӵFWӃOjNJ7KQJKjQJFyNtFKWKѭӟFWѭѫQJWӵQKѭQJFKӍ
QһQJNJÎ 7tQKWKHRNKӕLOѭӧQJWKӇWtFKOjNJ
 ĈѫQJLiFѭӟFFyVӵWKD\ÿәLWKHRPһWKjQJYj\rXFҫXYӅWKӡLJLDQYұQFKX\ӇQ
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
+LӋSKӝL9ұQWҧL+jQJNK{QJ4XӕFWӃ
,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQYLӃWWҳW,$7$
 ,$7$KLӋQÿҥLOjVӵNӃWKӯDFӫD+LӋSKӝL*LDRWK{QJ+jQJNK{QJ4XӕFWӃÿѭӧFWKjQKOұS
WҥL+DJXHYjRQăP
 +LӋSKӝLWKѭѫQJPҥLFӫDFiFKmQJKjQJNK{QJTXӕFWӃFyWUөVӣWҥL0RQWUHDO4XHEHF
&DQDGD+LӋQFyYăQSKzQJÿҥLGLӋQWҥLTXӕFJLDWUrQWKӃJLӟL
 ,$7$ÿѭӧFWKjQKOұSWKiQJQăPӣ/D+DEDQD&XED9jRWKӡLÿLӇPWKjQKOұS
,$7$FyWKjQKYLrQWӯTXӕFJLDSKҫQOӟQӣFKkXÆXYj%ҳF0ӻ
 ,$7$KLӋQÿҥLGLӋQFKRNKRҧQJKmQJKjQJNK{QJWҥLTXӕFJLD7KӵFKLӋQOѭX
OѭӧQJKjQJNK{QJFӫDWKӃJLӟLFiFWKjQKYLrQ,$7$EDRJӗPFiFKmQJKjQJNK{QJFKӣ
NKiFKYjKjQJKyDKjQJÿҫXWKӃJLӟL
 0өFÿtFKFKtQKFӫDWәFKӭFQj\OjWUӧJL~SFiFF{QJW\KjQJNK{QJÿҥWÿѭӧFVӵFҥQK
WUDQKKӧSSKiSYjWKӕQJQKҩWJLiFҧ
 ,$7$OjKLӋSKӝLWKѭѫQJPҥLFKRFiFKmQJKjQJNK{QJWUrQWKӃJLӟLKӛWUӧQKLӅXOƭQKYӵF
KRҥWÿӝQJKjQJNK{QJYjJL~S[k\GӵQJFKtQKViFKFӫDQJjQKYӅFiFYҩQÿӅKjQJ
NK{QJTXDQWUӑQJĈk\OjSKѭѫQJWLӋQFKtQKFKRVӵKӧSWiFJLӳDFiFKmQJKjQJNK{QJ
WURQJYLӋFWK~Fÿҭ\FiFGӏFKYөKjQJNK{QJDQWRjQÿiQJWLQFұ\DQWRjQYjWLӃWNLӋPYu
OӧLtFKFӫDQJѭӡLWLrXGQJWUrQWKӃJLӟL
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
+LӋSKӝL9ұQWҧL+jQJNK{QJ4XӕFWӃ,$7$ ± 7LӃSWKHR
 ,$7$ÿһWPөFWLrXWUӣWKjQKOӵFOѭӧQJWҥRUDJLiWUӏYjÿәLPӟLWK~Fÿҭ\QJjQKYұQ
WҧLKjQJNK{QJDQWRjQÿҧPEҧRYjFyOӧLQKXұQNӃWQӕLEӅQYӳQJYjOjPJLjX FKRWKӃJLӟL
 1KLӋPYөFӫD,$7$OjÿҥLGLӋQOmQKÿҥRYjSKөFYөQJjQKKjQJNK{QJ
 &iFTX\WUuQKKRҥWÿӝQJFKtQKFӫD,$7$
7UDRÿәLWK{QJWLQYjNLQKQJKLӋP
0ӝWFiFKFyKӋWKӕQJ 7KXWKұSGӳOLӋX
0ӝWFiFKFyKӋWKӕQJ
1JKLrQFӭXYjSKkQWtFKFKtQKViFK
0ӝWFiFKFyKӋWKӕQJ
7KҧROXұQYӅWKӵFKjQKTX\ÿӏQKWӕW
0ӝWFiFKFyKӋWKӕQJ
3KiWWULӇQFiFTX\WҳFWLrXFKXҭQKRһFWK{QJOӋWӕW
0ӝWFiFKFyKӋWKӕQJ
ĈjPSKiQÿLӅXѭӟFTXӕFWӃ .K{QJ
7KLKjQKiSÿһWFiFELӋQSKiSWUӯQJSKҥW .K{QJ *LҧLTX\ӃWWUDQKFKҩS .K{QJ 4XҧQOêNKӫQJKRҧQJ 7KӍQKWKRҧQJ
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ
,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQL]DWLRQ  ,&$2
 &{QJѭӟFYӅ+jQJNK{QJGkQGөQJTXӕFWӃ &{QJѭӟF&KLFDJRGRTXӕFJLDVRҥQ
WKҧRQăPÿѭӧFWKjQKOұSÿӇWK~Fÿҭ\KӧSWiF³WҥRGӵQJYjGX\WUuWuQKKӳXQJKӏ
YjKLӇXELӃWJLӳDFiFTXӕFJLDYjGkQWӝFWUrQWKӃJLӟL´
 7ӯF{QJѭӟF&KLFDJRÿmWKLӃWOұSFiFQJX\rQWҳFFӕWO}LFKRSKpSYұQWҧLTXӕFWӃEҵQJ
ÿѭӡQJKjQJNK{QJYjGүQÿӃQYLӋFWKjQKOұSFѫTXDQFKX\rQWUiFKJLiPViWYҩQÿӅQj\
NӇWӯÿy 7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ,&$2
 ,&$27KjQKOұSQJj\WKiQJQăPWUөVӣFKtQKÿһWWҥLÿһWWҥL0RQWUHDO4XHHEHF &DQDGD
 ,&$2OjPӝWWәFKӭFWKXӝF/LrQ+ӧS4XӕFFKӏXWUiFKQKLӋPVRҥQWKҧRYjÿѭDUDFiFTX\
ÿӏQKYӅKjQJNK{QJWUrQWRjQWKӃJLӟL
 1KLӋPYөFӕWO}LFӫD,&$2FKRÿӃQQJj\QD\OjJL~SFiF4XӕFJLDÿҥWÿѭӧFPӭFÿӝ
WKӕQJQKҩWFDRQKҩWFyWKӇYӅFiFTX\ÿӏQKWLrXFKXҭQWKӫWөFYjWәFKӭFKjQJNK{QJ GkQGөQJ
 +LӋQWҥLFyTXӕFJLDOjWKjQKYLrQFӫD,&$2
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ
,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQL]DWLRQ  ,&$2± 7LӃSWKHR
 /jPӝW&ѫTXDQFKX\rQP{QFӫD/+4,&$2KӧSWiFFKһWFKӁYӟL/+4ÿһFELӋW
OjYӟL+ӝLÿӗQJ.LQKWӃYj;mKӝL7KHRQKLӋPYөNӻWKXұWFӫDPuQK,&$2FNJQJ
KӧSWiFFKһWFKӁYӟLFiF&ѫTXDQFKX\rQP{QNKiFFӫD/LrQKӧSTXӕFYjFiF7ә
FKӭFTXӕFWӃFKҷQJKҥQQKѭ
 /LrQPLQK9LӉQWK{QJ4XӕFWӃ,78
 &ѫTXDQ1ăQJOѭӧQJ1JX\rQWӱ4XӕFWӃ,$($
 7әFKӭF/DRÿӝQJ4XӕFWӃ,/2
 7әFKӭF+jQJKҧL4XӕFWӃ,02
 /LrQPLQK%ѭXFKtQK7KӃJLӟL838
 7әFKӭF.KtWѭӧQJ7KӃJLӟL:02
 7әFKӭF<WӃ7KӃJLӟL:+29j
 7әFKӭF'XOӏFK7KӃJLӟL81:72
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
7әFKӭF+jQJNK{QJ'kQGөQJ4XӕFWӃ
,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQL]DWLRQ  ,&$2± 7LӃSWKHR
 7URQJTXiWUuQKSKiWWULӇQFiF3KөOөFFӫD&{QJѭӟF&KLFDJRÿmWăQJOrQYӅVӕ
OѭӧQJYjKLӋQWҥLEDRJӗPEDRJӗPKѫQWLrXFKXҭQTXӕFWӃYjWK{QJOӋ
ÿѭӧFNKX\ӃQQJKӏWҩWFҧÿӅXÿmÿѭӧFTXӕFJLDWKjQKYLrQKLӋQQD\FӫD ,&$2QKҩWWUt
 0ӝWVӕKRҥWÿӝQJFKtQKFӫD,&$2
 ;k\GӵQJYjWKLӃWOұSFiFWLrXFKXҭQEҳWEXӝFÿӕLYӟLQJjQKKjQJNK{QJÿӇFiFQѭӟF WKjQKYLrQWKӵFKLӋQ
 4X\ÿӏQKTX\ӅQJLDRWK{QJTXӕFWӃTX\ӅQWӵGREҫXWUӡL
 3KiWWULӇQFѫVӣKҥWҫQJ
 3KiWWULӇQFiFNKX\ӃQQJKӏYjKѭӟQJGүQFKҷQJKҥQQKѭ7LrXFKXҭQSKzQJFKi\ ,&$2
 3KkQEәPm,&$2FKRFiFQѭӟFYjFiFORҥLPi\ED\
 ĈӏQKQJKƭDFӫDFiFJLiWUӏJLӟLKҥQFKRSKiWWLӃQJӗQPi\ED\«
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
 6RViQK,$7$Yj,&$2 7LrXFKt ,$7$ ,&$2
1JXӗQJӕF .ӃWKӯDVӵSKiWWULӇQFӫD+LӋSKӝL*LDR
7UrQFѫVӣF{QJѭӟF&KLFDJR
WK{QJKjQJNK{QJTXӕFWӃ
7KjQKOұS ± 7UөVӣFKtQK0RQWUHDO&DQDGD  7UөVӣFKtQK0RQWUHDO&DQDGD 7tQKFKҩW
7әFKӭFSKLFKtQKSKӫ +LӋSKӝLFӫD
7әFKӭFOLrQFKtQKSKӫ ,&$2OjWKjQK
FiF'1KmQJKjQJNK{QJVkQED\ÿҥL
YLrQFӫD/+4± &iFWKjQKYLrQWKDP
OêYpPD\ED\F{QJW\JLDRQKұQ«
JLDOjFiFTXӕFJLDWUrQWKӃJLӟL 0өFWLrX
3KөFYөNLQKGRDQKFӫDFiF'1YұQWҧL
7KLӃWOұSWLrXFKXҭQFKRKjQJNK{QJ
KjQJNK{QJYjFiF'1OLrQTXDQ GkQGөQJWKӃJLӟL 0mKmQJ +DLNêWӵ %DNêWӵ KjQJ NK{QJ 0mVkQ %DNêWӵ %ӕQNêWӵ ED\
0mKjQJKjQJNK{QJWKHR,&$2Yj,$7$ $,5/,1(1$0(
,$7$'(6,*1$725 ,&$2'(6,*1$725 &28175< 87DLU 87 87$ 5XVVLDQ)HGHUDWLRQ 8]EHNLVWDQ$LUZD\V +< 8=% 8]EHNLVWDQ %DPERR 4+ %$9 9LHWQDP 9LHWMHW 9- 9-& 9LHWQDP 9LHWQDP$LUOLQHV 91 +91 9LHWQDP 9LUJLQ$WODQWLF 96 9,5 8QLWHG.LQJGRP 9LUJLQ$XVWUDOLD 9$ 92= $XVWUDOLD 9RODULV < 92, 0H[LFR 9XHOLQJ 9< 9/* 6SDLQ :DPRV $LU (% 3/0 6SDLQ :HVW-HW :6 :-$ &DQDGD
0mVkQED\9LӋW1DPWKHR,&$2Yj,$7$ 6ӕÿѭӡQJ &KLӅXGjL 1ăP[k\ 677 7rQVkQED\ 0m,&$2,$7$ 7ӍQK %D\ÿrP EăQJ ÿѭӡQJEăQJ GӵQJ
 6kQED\&{QĈҧR 99&69&6 %j5ӏD9NJQJ7jX  P  &y
 6kQED\3K&iW 993&8,+ %uQKĈӏQK  P  &y  6kQED\&j0DX 99&0&$+ &j0DX  P  .K{QJ
6kQED\TXӕFWӃ&ҫQ7Kѫ 99&79&$ &ҫQ7Kѫ  P  &y
 6kQED\%X{Q0D7KXӝW 99%0%09 ĈҳN/ҳN  P  &y
6kQED\TXӕFWӃĈj1ҹQJ 99'1'$' Ĉj1ҹQJ 
PP  &y
 6kQED\ĈLӋQ%LrQ3Kӫ 99'%',1 ĈLӋQ%LrQ  P .K{QJ  6kQED\3OHLNX 993.3;8 *LD/DL  P &y
6kQED\TXӕFWӃ&iW%L 99&,+3+ +ҧL3KzQJ  P  &y
 6kQED\TXӕFWӃ1ӝL%jL 991%+$1 +j1ӝL 
PP  &y
 6kQED\TXӕFWӃ7kQ6ѫQ1KҩW 99766*1 73+ӗ&Kt0LQK 
PP  &y
 6kQED\TXӕFWӃ&DP5DQK 99&5&;5 .KiQK+zD  P  &y  6kQED\5ҥFK*Li 995*9.* .LrQ*LDQJ  P .K{QJ
 6kQED\TXӕFWӃ3K~4XӕF 993434& .LrQ*LDQJ  P &y
 6kQED\/LrQ.KѭѫQJ 99'/'/, /kPĈӗQJ  P  &y
 6kQED\TXӕFWӃ9LQK 999+9,, 1JKӋ$Q  P &y  6kQED\7X\+zD 997+7%% 3K~ P .K{QJ
 6kQED\ĈӗQJ+ӟL 99'+9'+ 4XҧQJ%uQK  P  &y
 6kQED\&KX/DL 99&$9&/ 4XҧQJ1DP  P  .K{QJ  6kQED\7Kӑ;XkQ 997;7+' 7KDQK+yD  P &y
 6kQED\TXӕFWӃ3K~%jL 993%+8, 7KӯD7KLrQ +XӃ  P &y
&iFWәFKӭFKjQJNK{QJTXӕFWӃ
 6ӵJLDQKұSFӫD9LӋW1DPYjR,&$2
 4XӕFJLD9LӋW1DPJLDQKұS,&$2QăP%ҧRĈҥLOjP4XӕF7UѭӣQJVDXÿy
9LӋW1DP&ӝQJKzDNӃWKӯD
 &ӝQJKzD;mKӝL&KӫQJKƭD9LӋW1DPÿӃQQăPPӟLFKtQKWKӭFJLDQKұS
 .KLJLDQKұS,&$29LӋW1DPSKҧLWXkQWKHRFiFTX\ÿӏQK FӫDWәFKӭFQj\
 ,$7$F{QJQKұQFiFKmQJKjQJNK{QJ9LӋW1DP
 9LHWQDP$LUOLQH
 9LHWMHW
 %DPERR± ÿҥWFKӭQJQKұQÿiQKJLiDQWRjQ
NKDLWKiFFӫD+LӋSKӝL9ұQWҧL+jQJNK{QJ4XӕFWӃ/K^ 
 ÿk\OjWLӅQÿӅTXDQWUӑQJÿӅWUӣWKjQKWKjQKYLrQFKtQK
WKӭFFӫD,$7$WURQJWѭѫQJODL
&iFÿLӅXѭӟFTXӕFWӃYӅYұQWҧLKjQJNK{QJ  +ӋWKӕQJ:DUVDZ
 &{QJѭӟFTXӕFWӃWKӕQJQKҩWPӝWVӕTX\WҳFYӅYұQWҧLKjQJNK{QJTXӕFWӃÿѭӧFNêWҥL
9iFVDYDQJj\JӑLWҳWOj&{QJѭӟF9iFVDYD:DUVDZ
 1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟF9iFVDYD1JKӏÿӏQKWKѭQj\NêWҥL+DJXH
QrQJӑLWҳWOj1JKӏÿӏQKWKѭ+DJXH
 &{QJѭӟFEәVXQJFKRF{QJѭӟF9iFVDYDÿѭӧFNêNӃWWҥL*XDGDOD]DODQJj\
QrQJӑLWҳWOj&{QJѭӟF*XDGDOD]DOD
 +LӋSÿӏQKOLrQTXDQWӟLJLӟLKҥQFӫD&{QJѭӟF9iFVDYDYjQJKӏÿӏQKWKѭ+DJXH+LӋS
ÿӏQKQj\ÿѭӧFWK{QJTXDWҥL0RQWUHDOQrQJӑLWҳWOj+LӋSÿӏQK0RQWUHDO
 1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟF9iFVDYDÿѭӧFVӱDÿәLEӣLQJKӏÿӏQKWKѭ
+DJXH 1JKӏÿӏQKQj\NêWҥLWKjQKSKӕ*XDWHPDODQrQJӑLWҳWOj1JKӏ
ÿӏQKWKѭ*XDWHPDOD
 1JKӏÿӏQKWKѭEәVXQJ1JKӏÿӏQKWKѭVӱDÿәLF{QJѭӟF9iFVDYD1JKӏ
ÿӏQKWKѭQj\ÿѭӧFNӃWWҥL0RQWUHDOQJj\WKiQJQăPQrQJӑLWҳWOj1JKӏÿӏQKWKѭ
0RQWUHDOVӕ
 &{QJѭӟF&KLFDJR
 &{QJѭӟF0RQWUHDOYjQJKӏÿӏQKWKѭ0RQWUHDO
+ӋWKӕQJF{QJѭӟF9iFVDYD:DUVDZ
6ӵUDÿӡLFӫD&{QJѭӟF9iFVDYD
7rQ&RQYHQWLRQIRUWKH8QLILFDWLRQRIFHUWDLQUXOHVIRU,QWHUQDWLRQDOFDUULDJHE\$LU
&{QJѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFYұQFKX\ӇQTXӕFWӃEҵQJÿѭӡQJKjQJNK{QJ
 %ӕLFҧQKUDÿӡL
 6DXWKӃFKLӃQYLӋFWKӕQJQKҩWOXұWKjQJNK{QJWѭQKkQYӅYұQFKX\ӇQTXӕFWӃ
EҵQJÿѭӡQJKjQJNK{QJÿmWUӣWKjQKѭXWLrQ
 ĈӃQQăPFKtQKSKӫ3KiSÿmFӕJҳQJWK{QJTXDOXұWSKiSTXӕFJLDOLrQ
TXDQÿӃQWUiFKQKLӋPSKiSOêWURQJYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJWX\
QKLrQKӑQKұQWKҩ\FҫQFyVӵWKӕQJQKҩWWUrQSKҥPYLTXӕFWӃ
 7KHRViQJNLӃQFӫD&KtQKSKӫ3KiS+ӝLQJKӏ4XӕFWӃOҫQWKӭQKҩWYӅ/XұW+jQJ
NK{QJWәFKӭFWҥL3DULVWӯQJj\WKiQJÿӃQQJj\WKiQJQăPÿm
WK{QJTXDGӵWKҧRVѫEӝYӅWKӓDWKXұQYӅWUiFKQKLӋPWURQJOƭQKYӵFYұQWҧLKjQJ
NK{QJYjTX\ӃWÿӏQKWKjQKOұSPӝWӪ\EDQ4XӕFWӃ ÿӇVRҥQWKҧRF{QJѭӟF
6ӵUDÿӡLFӫD&{QJѭӟF9iFVDYDWLӃSWKHR
 %ӕLFҧQKUDÿӡLWLӃSWKHR
 Ӫ\EDQ4XӕFWӃQj\ÿmVRҥQWKҧRF{QJѭӟFYjWUuQKÿӇ[HP[pWWҥL+ӝLQJKӏ4XӕF
WӃOҫQWKӭKDLYӅ/XұW+jQJNK{QJ7ѭQKkQÿѭӧFWәFKӭFWҥL:DUVDZ%D/DQWӯ
QJj\ÿӃQQJj\&yÿҥLELӇXWӯTXӕFJLDÿӃQ WKDPGӵ+ӝLQJKӏ
Qj\+RD.ǤFKӍFӱFiFTXDQViWYLrQNK{QJFKtQKWKӭF
 &XӕLFQJ&{QJѭӟF:DUVDZÿѭӧFNêNӃWYjRQJj\ WrQFKtQKWKӭF
Oj³&{QJѭӟFYӅ7KӕQJQKҩWPӝWVӕTX\WҳFOLrQTXDQÿӃQYұQFKX\ӇQTXӕF
WӃEҵQJÿѭӡQJKjQJNK{QJ´ÿmSKiWWULӇQWKjQKPӝWWURQJQKӳQJF{QJFөTXDQ
WUӑQJQKҩWFӫDWѭSKiSTXӕFWӃ
 Ĉk\OjNKXQJSKiSOêWRjQGLӋQÿҫXWLrQTXҧQOêQJjQKKjQJNK{QJӣFҩSÿӝTXӕF
WӃQyÿyQJYDLWUzWKLӃW\ӃXÿӇKӛWUӧVӵSKiWWULӇQQJjQKKjQJNK{QJYjWKLӃWOұS
PӝWEӝQJX\rQWҳFKҫXKӃWWURQJVӕÿyYүQFzQKLӋXOӵFYjOjFѫVӣFӫDOXұW
KjQJNK{QJKLӋQÿҥL
 1ăP,&$2UDÿӡLYjÿmWLӃSWөFQJKLrQFӭXYӅF{QJѭӟF:DUVDZYj
ÿӅ[XҩWFiFVӱDÿәLEәVXQJ
6ӵSKiWWULӇQFӫDKӋWKӕQJ:DUVDZ
 7ӯQJj\ÿӃQQJj\WҥL7KH+DJXH,&$2ÿmWULӋXWұSPӝW+ӝLQJKӏ1JRҥL
JLDRTXӕFWӃWҥLÿy&{QJѭӟF:DUVDZQăPÿmÿѭӧFVӱDÿәLYjRQJj\
EӣL1JKӏÿӏQKWKѭ+DJXH  WrQJӑL³1JKӏÿӏQKWKѭ VӱDÿәLF{QJѭӟFÿӇ
WKӕQJQKҩWPӝWVӕTX\WҳFOLrQTXDQÿӃQFKX\rQFKӣTXӕFWӃEҵQJÿѭӡQJKjQJ

NK{QJ± 9iF[DYDQJj\´ 1JKӏÿӏQKWKѭ+DJXHFӫD&{QJѭӟF:DUVDZ
FyKLӋXOӵFYjRQJj\
 7ӯQJj\ÿӃQ QJj\WҥL*XDGDODMDUD0H[LFR,&$2ÿmWULӋXWұSPӝW
+ӝLQJKӏ1JRҥLJLDRTXӕFWӃYjTXDÿyWK{QJTXD³&{QJѭӟF%әVXQJFKR&{QJ
ѭӟF:DUVDZYӅ7KӕQJQKҩW0ӝWVӕ4X\WҳF/LrQTXDQÿӃQ9ұQFKX\ӇQ4XӕFWӃ
EҵQJĈѭӡQJKjQJNK{QJGRPӝW1JѭӡLNK{QJSKҧLOj1JѭӡLYұQFKX\ӇQWKHR
+ӧSÿӗQJ7KӵFKLӋQ´
+LӋXOӵFYjRQJj\WKiQJQăP
 9jRÿҫXQKӳQJQăP+RD.ǤFKѭDSKrFKXҭQ1JKӏÿӏQKWKѭ+DJXHQăP
YuKӑFKRUҵQJJLӟLKҥQWUiFKQKLӋPSKiSOêÿӕLYӟLYLӋFYұQFKX\ӇQQJѭӡLOjTXi
WKҩSĈLӅXQj\NKLӃQ+RD.ǤYjRQJj\WKiQJQăPWX\rQEӕU~WNKӓLF{QJ
ѭӟFQăPFyKLӋXOӵFWӯQJj\WKiQJQăP ± ÿLӅXQj\FyWKӇJk\UD
NKӫQJKRҧQJQJKLrPWUӑQJFKRYұQFKX\ӇQKjQJNK{QJTXӕFWӃ
6ӵSKiWWULӇQFӫDKӋWKӕQJ:DUVDZWW
 ĈӇJLҧLTX\ӃWWuQKKXӕQJQj\QJj\FiFQѭӟFÿmWK{QJTXD³+LӋSÿӏQKOLrQ
TXDQWӟLJLӟLKҥQFӫD&{QJѭӟF9DFVDYDYjQJKӏÿӏQKWKѭ+DJXH´ JӑLWҳWOj+LӋS
ÿӏQK0RQWUHDO
 *KLQKұQJLҧLSKiSWҥPWKӡLFӫD7KӓDWKXұQWUrQ,&$2NK{QJFyOӵDFKӑQQjRNKiF
QJRjLYLӋFWuPNLӃPPӝWJLҧLSKiSOkXGjL0ӝWWKӓDWKXұQOLrQFKtQKSKӫJLҧLTX\ӃW
FiFJLӟLKҥQWUiFKQKLӋPSKiSOêYjKLӋQÿҥLKyDVkXVҳFWRjQEӝ&{QJѭӟF:DUVDZ
ÿѭӧFVӱDÿәLEӣL1JKӏÿӏQKWKѭ/D+D\ÿmÿҥWÿѭӧFWҥL+ӝLQJKӏ1JRҥLJLDRÿѭӧFWә
FKӭFWҥL7KjQKSKӕ*XDWHPDODWӯQJj\WKiQJÿӃQQJj\WKiQJQăPYӟL
VӵWKDPGӵFӫD4XӕFJLDYӟLYLӋFWK{QJTXD1JKӏÿӏQKWKѭ*XDWHPDODÿѭӧFNê
QJj\
 6DX+ӝLQJKӏ*XDWHPDOD PӝW+ӝLQJKӏ1JRҥLJLDRNKiFYӅ/XұW+jQJNK{QJ4XӕFWӃ
ÿѭӧFWәFKӭFWҥL0RQWUHDOWӯQJj\ÿӃQQJj\WKiQJQăPGѭӟLVӵEҧRWUӧ
FӫD,&$2ĈLӅXQj\GүQÿӃQYLӋFWK{QJTXDEӕQ1JKӏÿӏQKWKѭ1JKӏÿӏQKWKѭ
0RQWUHDOQăPNêQJj\WKiQJQăPVӱDÿәL&{QJѭӟF:DUVDZYj
1JKӏÿӏQKWKѭ7KH+DJXHYj*XDWHPDOD&iF1JKӏÿӏQKWKѭQj\ÿmVӱDÿәLJLӟLKҥQ
WUiFKQKLӋPJLDWăQJWURQJ1JKӏÿӏQKWKѭ*XDWHPDODWKD\ÿәLFiFKÿROѭӡQJWLӅQWӋ
WӯYjQJWKjQK4X\ӅQU~WYӕQÿһFELӋWYjORҥLEӓFiF\rXFҫXYӅFKӭQJWӯÿmOӛLWKӡL
ÿӕLYӟLYLӋFYұQFKX\ӇQKjQJKyD
6ӵSKiWWULӇQFӫDKӋWKӕQJ:DUVDZWW
 9ӟLQKLӅXVӱDÿәLFQJYӟLVӵJLDWăQJFӫDKjQKNKiFKYjWRjQFҫXKyD
QJjQKYұQWҧLKjQJNK{QJVӵSKӭFWҥSYjSKkQPҧQKFDRFӫD+ӋWKӕQJ
:DUVDZ WӓUDNK{QJSKKӧSÿӗQJWKӡLOjPPҩWÿLVӵOLrQTXDQWѭѫQJӭQJ
ÿӕLJLӳDNKiFKKjQJYӟLFiFKmQJKjQJNK{QJYjQJjQKYұQWҧLKjQJNK{QJ
7ҥL+ӝLQJKӏ4XӕFWӃYӅ/XұW+jQJNK{QJÿѭӧFWәFKӭFWҥL0RQWUHDOWӯQJj\
ÿӃQQJj\&{QJѭӟF0RQWUHDOPӟLFyWrQFKtQKWKӭFOj³&{QJ
ѭӟFYӅ7KӕQJQKҩWPӝWVӕ4X\WҳF9ұQFKX\ӇQ4XӕFWӃEҵQJĈѭӡQJ
KjQJNK{QJ´
ÿѭӧFNêNӃWYjRQJj\WKiQJQăP
 &{QJѭӟFPӟLQj\QKҵPWKD\WKӃ+ӋWKӕQJ:DUVDZÿѭӧFP{WҧӣWUrQFy
KLӋXOӵFYjRQJj\ĈLӇPÿәLPӟLU}UjQJQKҩWOj&{QJѭӟF0RQWUHDO
WҥRUDPӝWF{QJFөSKiSOêGX\QKҩWWKD\YuPӝWEӝF{QJFөFKҳSYiÿѭӧF
FXQJFҩSWKHR+ӋWKӕQJ:DUVDZFNJViXF{QJFөSKiSOêNKiFQKDX.KRҧQJ
ÿҥLELӇXWӯ4XӕFJLDNêNӃWPӝW4XӕFJLDNK{QJNêNӃWYjWәFKӭF
TXӕFWӃÿmWKDPJLDKӝLQJKӏOӏFKVӱNpRGjLEDWXҫQQj\
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZ
&{QJѭӟF:DUVDZ
 &RQYHQWLRQIRUWKH8QLILFDWLRQRIFHUWDLQUXOHVIRU,QWHUQDWLRQDOFDUULDJHE\$LU&{QJ
ѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFYұQFKX\ӇQTXӕFWӃEҵQJÿѭӡQJKjQJNK{QJ
 .êWҥL:DUV]DZD%D/DQQJj\  +LӋXOӵFQJj\
 /jF{QJѭӟFTXӕFWӃYӅWUiFKQKLӋPEӗLWKѭӡQJWURQJYұQWҧLTXӕFWӃFӫDKmQJ
KjQJNK{QJÿӕLYӟLFRQQJѭӡLKjQKOêYjKjQJKyD
 &{QJѭӟFFyFKѭѫQJYjÿLӅXNKRҧQ
 &KѭѫQJ± 3KҥPYLiSGөQJYjÿӏQKQJKƭDÿLӅX
 &KѭѫQJ± &KӭQJWӯYұQFKX\ӇQYpKjQKNKiFKÿLӅXYpKjQKOêÿLӅXNK{QJ
YұQÿѫQWӯÿLӅXÆ 
 &KѭѫQJ± 7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQÿLӅXÆ 
 &KѭѫQJ± 1KӳQJTX\ÿӏQKOLrQTXDQÿӃQYLӋFYұQFKX\ӇQNӃWKӧSEҵQJÿѭӡQJ
NK{QJÿѭӡQJEӝYjÿѭӡQJELӇQÿLӅX
 &KѭѫQJ± 1KӳQJTX\ÿӏQKFKXQJYjFXӕLFQJÿLӅX± 
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ/D+D\VӱDÿәL&{QJѭӟF:DUVDZ
&K~ê 1JKӏÿӏQKWKѭ3URWRFROOjYăQEҧQGRFiFTXӕFJLDWKӕQJQKҩWNêNӃWÿӇEәVXQJ
KѭӟQJGүQWKӵFKLӋQKLӋSÿӏQKF{QJѭӟFTXӕFWӃ
 7rQ3URWRFROWRDPHQGWKH&RQYHQWLRQIRUWKH8QLILFDWLRQRI&HUWDLQ5XOHV5HODWLQJWR
,QWHUQDWLRQDO&DUULDJHE\$LUVLJQHGDW:DUVDZRQ2FWREHU7KH+DJXH3URWRFRO
± 1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟF:DUVDZ
 .êWҥL+DJXH+j/DQ QJj\ +LӋXOӵFQJj\
 1JKӏÿӏQKWKѭ/D+D\FyFKѭѫQJYjÿLӅXNKRҧQQKѭ VDX
 &KѭѫQJ± 6ӱDÿәL&{QJѭӟF:DUVDZÿLӅX ± 4XDQWUӑQJQKҩWOjVӱDÿLӅX
 &KѭѫQJ± 3KҥPYLiSGөQJFӫD&{QJѭӟFÿmVӱDÿәLÿLӅX
 &KѭѫQJ± 1KӳQJÿLӅXNKRҧQFXӕLFQJÿLӅXÆ 
 +LӋXOӵFFӫD&{QJѭӟF:DUVDZYj1JKӏÿӏQKWKѭ /D+D\OjÿӝFOұSYӟLQKDX
 %rQWKDPJLDF{QJѭӟF:DUVDZFyTX\ӅQNK{QJWKDPJLD1JKӏÿӏQKWKѭ VӱDÿәL
 %rQWKDPJLD1JKӏÿӏQKWKѭ /D+D\FyQJKƭDOjWKDPJLD&{QJѭӟF:DUVDZÿmVӱD
ÿәLFKRGWUѭӟFÿyFKѭDWKDPJLD&{QJѭӟF:DUVDZ
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
&{QJѭӟF*XDGDODMDUD
 7rQ&RQYHQWLRQ6XSSOHPHQWDU\WRWKH:DUVDZ&RQYHQWLRQIRUWKH8QLILFDWLRQRI&HUWDLQ
5XOHV5HODWLQJWRLQWHUQDWLRQDO&DUULDJHE\$LU3HUIRUPHGE\D3HUVRQRWKHUWKDQWKH
&RQWUDFWLQJ&DUULHU*XDGDODMDUD&RQYHQWLRQ± &{QJѭӟFEәVXQJ&{QJѭӟF
:DUVDZÿӇWKӕQJQKҩWPӝWTX\WҳFOLrQTXDQÿӃQFKX\ӇQFKӣTXӕFWӃEҵQJÿѭӡQJKjQJ
NK{QJÿѭӧFWKӵFKLӋQEӣLPӝWQJѭӡLNKiFNK{QJSKҧLOjQJѭӡLFKX\rQFKӣWKHRKӧS ÿӗQJ
 .êWҥL*XDGDODMDUD0H[LFRQJj\ +LӋXOӵFQJj\
 &{QJѭӟFQj\FyÿLӅXNKRҧQ&ҫQOѭXêPӝWVӕÿLӇPVDX
1JѭӡLFKX\rQFKӣWKHR+ĈOjQJѭӡLNêNӃW+ĈFKX\rQFKӣÿѭӧFÿLӅXFKӍQKEҵQJ&{QJѭӟF
:DUVDZYӟLKjQKNKiFKKD\YӟLQJѭӡLJӱLKjQJKRһFYӟLQJѭӡLKRҥWÿӝQJWKD\PһWKjQK
NKiFKKD\QJѭӡLJӱLKjQJ1JѭӡLFKX\rQFKӣNK{QJWKHR+ĈOjQJѭӡLQKұQVӵXӹWKiFFӫD
QJѭӡLFKX\rQFKӣWKHRKӧSÿӗQJÿӇWKӵFKLӋQPӝWSKҫQKD\WRjQEӝYLӋFFKX\rQFKӣ
 .KLÿyFҧQJѭӡLFKX\rQFKӣWKHR+ĈYjQJѭӡLFKX\rQFKӣNK{QJWKHR+ĈÿӅX SKҧLWXkQ
WKHR&{QJѭӟF :DUVDZ 1JѭӡLFKX\rQFKӣWKHR+ĈFKӏXWUiFKQKLӋPYӟLWRjQEӝYLӋFFKX\rQ
FKӣWKHR+ĈQJѭӡLFKX\rQFKӣNK{QJWKHR+ĈFKӏXWUiFKQKLӋPÿӕLYӟLSKҫQFKX\rQFKӣPj DQKWDWKӵFKLӋQ
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ*XDWHPDOD
 7rQ3URWRFROWR$PHQGWKH&RQYHQWLRQIRUWKH8QLILFDWLRQRI&HUWDLQ5XOHV5HODWLQJWR,QWHUQDWLRQDO
&DUULDJHE\$LU6LJQHGDW:DUVDZRQ2FWREHUDV$PHQGHGE\WKH3URWRFRO'RQHDWWKH+DJXH
RQ6HSWHPEHU*XDWHPDOD3URWRFRO
 .êWҥL*XDWHPDODQJj\±.K{QJFyKLӋXOӵFGRNK{QJÿӫTXӕFJLDSKrFKXҭQ
 7ѭѫQJWӵQKѭQJKӏÿӏQKWKѭ/D+D\QJKӏÿӏQKWKѭQj\FyFKѭѫQJÿLӅXNKRҧQ
 &KѭѫQJ± 6ӱDÿәL&{QJѭӟF:DUVDZÿLӅX 
 &KѭѫQJ± 3KҥPYLiSGөQJFӫD&{QJѭӟFÿmVӱDÿәLÿLӅX
 &KѭѫQJ± 1KӳQJÿLӅXNKRҧQFXӕLFQJÿLӅX  
 +LӋXOӵFFӫD&{QJѭӟF:DUVDZ&{QJѭӟF:DUVDZÿѭӧFVӱDÿәLEҵQJ1JKӏÿӏQKWKѭ /D+D\
Yj1JKӏÿӏQKWKѭ*XDWHPDODOjÿӝFOұSYӟLQKDX
 %rQWKDPJLDF{QJѭӟF:DUVDZFyTX\ӅQNK{QJWKDPJLD1JKӏÿӏQKWKѭ Qj\
 %rQWKDPJLDF{QJѭӟF:DUVDZÿѭӧFVӱDEӣL1JKӏÿӏQKWKѭ /D+D\FyTX\ӅQNK{QJWKDPJLDQJKӏ ÿӏQKWKѭQj\
 %rQWKDPJLDQJKӏÿӏQKWKѭQj\FyQJKƭDOjWKDPJLDF{QJѭӟF:DUVDZÿѭӧFVӱDEӣL1JKӏÿӏQKWKѭ /D
+D\YjQJKӏÿӏQKWKѭ*XDWHPDOD
 1JKӏÿӏQKWKѭ*XDWHPDODWLӃSWөFWăQJJLӟLKҥQWLӅQWӋÿӕLYӟLWUiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQ
ÿӕLYӟLKjQKNKiFKYjKjQKOêFӫDKӑQKѭQJNK{QJWKD\ÿәLFiFÿLӅXNKRҧQOLrQTXDQWURQJOLrQTXDQ ÿӃQKjQJKyD
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ0RQWUHDO6ӕQăP
 7rQ0RQWUHDO$GGLWLRQDO3URWRFROV1XPEHUVDQGRIJӑLWҳWOj0$30$3 0$3
 'RVӵSKiWWULӇQFӫD4Xӻ7LӅQWӋ4XӕFWӃ,0)GүQÿӃQYLӋFQJăQFҧQFiF4XӕFJLDÿӏQK
JLiFKtQKWKӭFWKHRYjQJGүQÿӉQQJKӏÿӏQKWKѭEәVXQJQj\
 0$3VӱDÿәL&{QJѭӟF:DUVDZJӑLWҳWOj&{QJѭӟF:DUVDZ0$3
 0$3VӱDÿәL&{QJѭӟF:DUVDZ+DJXH JӑLWҳWOj³&{QJѭӟF:DUVDZ+DJXH0$3 ´
 0$3VӱDÿәL&{QJѭӟF:DUVDZ+DJXH*XDWHPDOD7X\QKLrQGR&{QJѭӟF
:DUVDZ+DJXH*XDWHPDODNK{QJFyKLӋXOӵF ÿүQÿӃQ0$3FNJQJY{KLӋX
 0$3WKD\WKӃÿѫQYӏWLӅQWӋNKLÿӅFұSÿӃQJLӟLKҥQWLӅQWӋÿӕLYӟLWUiFKQKLӋP
SKiSOêFӫDQJѭӡLYұQFKX\ӇQKjQJNK{QJWӯÿӗQJIUDQFYjQJ)5)VDQJ4X\ӅQU~WYӕQ
ÿһFELӋW6'5GR,0)WKLӃWOұSYjWtQKWRiQWUrQFѫVӣUәWLӅQWӋTXӕFWӃ
 0$3FyKLӋXOӵFQJj\YjÿmÿѭӧFTXӕFJLDWK{QJTXD
 0$3FyKLӋXOӵFQJj\YjÿmÿѭӧF4XӕFJLDWK{QJTXD
7yPWҳWKӋWKӕQJF{QJѭӟF:DUVDZWLӃSWKHR
1JKӏÿӏQKWKѭ0RQWUHDOVӕQăP
 7rQ0RQWUHDO$GGLWLRQDO3URWRFROV1XPEHUVRIJӑLWҳWOj0$3
 7ұSWUXQJYjRVӱD&{QJѭӟF:DUVDZ+DJXH YӅFKӃÿӝWUiFKQKLӋPÿӕLYӟL
YLӋFYұQFKX\ӇQKjQJKyD%ҵQJFѫFKӃWѭѫQJWӵQKѭFѫFKӃÿѭӧFVӱGөQJWURQJ
FiFQJKӏÿӏQKWKѭNKiFYLӋFSKrFKXҭQKRһFJLDQKұS0$3FyWiFGөQJ
WXkQWKӫ&{QJѭӟF:DUVDZ+DJXHÿѭӧFVӱDÿәLEӣL0$3JӑLWҳWOj
&{QJѭӟF:DUVDZ+DJXH0$3
 0$3ÿѫQJLҧQKyDYjKLӋQÿҥLKyDFiFFKLWLӃWFҫQFyWURQJFKӭQJWӯYұQFKX\ӇQ
YjORҥLEӓKuQKSKҥWÿӕLYӟLYLӋFNK{QJWXkQWKӫFiF\rXFҫXYӅFKӭQJWӯ
 *LӟLWKLӋXNKiLQLӋPYӅYұQÿѫQKjQJNK{QJÿLӋQWӱ
 *LӟLWKLӋXEӕQELӋQSKiSEҧRYӋFөWKӇFKRYLӋFYұQFKX\ӇQKjQJKyD
 *LӟLKҥQWUiFKQKLӋPWLӅQWӋFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟLKjQJKyDYүQJLӳQJX\rQ
QKѭQJÿѫQYӏWLӅQWӋIUDQFYjQJPӛLNJÿѭӧFWKD\WKӃEҵQJ6'5PӛLNJ
 0$3FyKLӋXOӵFYjRQJj\YjÿmÿѭӧFTXӕFJLDWK{QJTXD
&{QJѭӟF0RQWUHDO
 *LӟLWKLӋX
 7rQJӑL&219(17,21)257+(81,),&$7,212)&(57$,158/(6)25
,17(51$7,21$/&$55,$*(%<$,5&{QJѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFYӅ
YұQFKX\ӇQTXӕFWӃEҵQJÿѭӡQJKjQJNK{QJ
 &{QJѭӟF0RQWUHDO0&TX\ÿӏQKWUiFKQKLӋPFӫDKmQJKjQJNK{QJ
WURQJWUѭӡQJKӧSKjQKNKiFKWӱYRQJKRһFEӏWKѭѫQJFNJQJQKѭWURQJWUѭӡQJ
KӧSFKұPWUӉKѭKӓQJKRһFPҩWPiWKjQKOêYjKjQJKyD1yKӧSQKҩWWҩWFҧFiF
FKӃÿӝÿLӅXѭӟFTXӕFWӃNKiFQKDXYӅWUiFKQKLӋPSKiSOêFӫDKmQJKjQJNK{QJ
ÿmSKiWWULӇQPӝWFiFKQJүXQKLrQWӯQăP0&ÿѭӧFWKLӃWNӃÿӇWUӣWKjQK
PӝWKLӋSѭӟFGX\QKҩWSKәTXiWÿӇÿLӅXFKӍQKWUiFKQKLӋPSKiSOêFӫDKmQJ
KjQJNK{QJWUrQWRjQWKӃJLӟL
 ,$7$YjFiFKmQJKjQJNK{QJWKjQKYLrQKӛWUӧ,&$2WURQJYLӋFTXҧQJEi0&
Oj&{QJѭӟFWRjQFҫXGX\QKҩWYӅWUiFKQKLӋPSKiSOêFӫDKmQJKjQJNK{QJ
 .êNӃWQJj\KLӋXOӵFQJj\
 6ӕWKjQKYLrQKLӋQWҥLTXӕFJLDYjWRjQEӝQѭӟF(8WKjQKYLrQ
7KjQKYLrQFӫD0&± WtQKÿӃQQăP
+LӋXOӵFFӫD0&ÿӕLYӟL91
 9LӋW1DPQӝSÿѫQJLDQKұS0&1Jj\ YӟL,&$27KHRTX\ÿӏQK
FӫD&{QJѭӟFWӯQJj\&{QJѭӟFFyKLӋXOӵFÿӕLYӟL9LӋW1DP
 9LӋW1DPFKҩSQKұQWRjQEӝFiFÿLӅXFӫD&{QJѭӟFWX\QKLrQYăQNLӋQJLD
QKұSFӫD9LӋW1DPFyWX\rQEӕVDXWKHRĈLӅX³&{QJѭӟFVӁNK{QJiS GөQJÿӕLYӟL
 D9ұQWҧLKjQJNK{QJTXӕFWӃGRQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPWUӵF
WLӃSWKӵFKLӋQYjNKDLWKiFNK{QJQKҵPPөFÿtFKWKѭѫQJPҥLSKKӧSYӟLFKӭF
QăQJQKLӋPYөFӫD1KjQѭӟFFyFKӫTX\ӅQYjKRһF
 E9LӋFYұQFKX\ӇQQJѭӡLKjQJKyDYjKjQKOêFKRFѫTXDQTXkQVӵFӫDPuQK
WUrQWjXED\GR1KjQѭӟF&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPÿăQJNêKRһFFKR
WKXrWRjQEӝVӭFFKӭDÿmÿѭӧFFѫTXDQTXkQVӵÿyEҧROѭXKRһFWKD\PһWFKR FѫTXDQÿy´
6RViQKQKDQKKӋWKӕQJ:DUVDZYj0&
/LPLWVRI FRPSHQVDWLRQ :DUVDZ +DJXH $GGLWLRQDO 0RQWUHDO
OLDELOLW\RIWKHFDUULHU &RQYHQWLRQ 3URWRFRO
3URWRFRO0RQWUHDO &RQYHQWLRQ  
  'HDWKRULQMXU\ )5)
)5) 6'5 6'5
'DPDJHFDXVHGE\GHOD\    6'5 3HU3DVVHQJHU 2EMHFWVRIZKLFKWKH
SDVVHQJHUWDNHVFKDUJH
)5) )5) 6'5 6'5
KLPVHOI3HU3DVVHQJHU
%DJJDJH&DUJR3HU.J )5) )5) 6'5 6'5
3URYLVLRQVIRUHOHFWURQLF 1R 1R DLUZD\ELOOV SDUWLHVRQO\
*KLFK~ )5) PJ JYjQJFyÿӝWLQKNKLӃW
.ӇWӯNKL0$3FyKLӋXOӵFÿӃQQD\)5)YjQJÿѭӧFFKX\ӇQWKjQK6'5
7KiQJ,&$2ÿmÿӅ[XҩWWăQJPӭFJLӟLKҥQWUiFKQKLӋPÿӅ
[XҩWQj\VӁFyKLӋXOӵFWӯQJj\
6'56SHFLDO'UDZLQJ5LJKWV4X\ӅQU~WYӕQÿһFELӋW
 1ăP+ӝLQJKӏ7jLFKtQKYj7LӅQWӋFӫD/LrQKӧSTXӕF WҥL%UHWWRQ:RRGV
EDQJ1HZ+DPVSKLUH0ӻ +ӝLQJKӏÿmWKҧROXұQFiFYҩQÿӅYӅWKDQKWRiQ
TXӕFWӃVDXWKӃFKLӃQ YjÿmQKҩWWUtWKjQKOұS1JkQKjQJ7iLWKLӃWYj3KiW
WULӇQ1JkQKjQJWKӃJLӟL :%Yj4XӻWLӅQWӋTXӕFWӃ,0)
 +ӝLQJKӏFNJQJWKLӃWOұSKӋWKӕQJWLӅQWӋPӟLFKRWKӃJLӟL1ӝLGXQJFѫEҧQOj
FKӍGX\QKҩW86'PӟLÿѭӧFTX\ÿәLVDQJYjQJYӟLJLiWUӏ86' 2XQFH
YjQJQJX\rQFKҩW7ӭFOj86'FyKjPOѭӧFYjQJOjJYjQJ
2XQFH9jQJ2= J
 ĈӗQJWLӅQFiFQѭӟFNKiFVӁÿѭӧF[iFÿӏQKWӹJLiYӟL86'TXDÿyWҥRUDFҫX
QӕLJLӳD7LӅQWӋFiFQѭӟF 86'± 9jQJ
 6'5ÿѭӧFWҥREӣL,0)QăPQKѭPӝWWjLVҧQGӵWUӳTXӕFWӃEәVXQJ
WURQJ+ӋWKӕQJ%UHWWRQ:RRGV*LiWUӏFӫD6'5ÿѭӧF[iFÿӏQKEDQÿҫXWѭѫQJ
ÿѭѫQJYӟLJUDPYjQJQJX\rQFKҩWEҵQJYӟLJLiWUӏFӫD86'
6'56SHFLDO'UDZLQJ5LJKWV4X\ӅQU~WYӕQÿһFELӋW
 7ӯÿӃQWKiQJQăP6'5VÿѭӧFÿӏQKQJKƭDEҵQJJLiWUӏFӫD86'Yj86'[iF
ÿӏQKWKHRJLiWUӏVRYӟLYjQJ
 7ӯÿӃQQJj\86' R]YjQJ
 7ӯQJj\ÿӃQQJj\86' R]YjQJ
 7ӯQJj\ÿӃQQJj\86' R]YjQJ
 1ăPFKӃÿӝWӹJLiKӕLÿRҥLFӕÿӏQKVөSÿә QrQWӯWKiQJQăPÿӃQQD\6'5V
ÿѭӧFÿӏQKQJKƭDP{KuQKUәWLӅQWӋEDRJӗPFiFORҥLWLӅQWӋFKtQKÿѭӧFVӱGөQJWURQJ
WKѭѫQJPҥLYjWjLFKtQKTXӕFWӃ
 ±86''(0-3<*%3)5)
 ±86''(0-3<*%3)5)
 ±86''(0-3<*%3)5)
 ±86''(0-3<*%3)5)
 ±86'(85-3<*%3
 ±86'(85-3<*%3
 7ӯVDXQăP86'(85&1<-3<*%3
 *LiWUӏFӫD6'5ÿѭӧF,0)F{QJEӕKjQJQJj\
)ULGD\0DUFK
KWWSVZZZLPIRUJH[WHUQDOQSILQGDWDUPVBVGUYDVS[
&XUUHQF\DPRXQW
&XUUH QKFW\WS 8 V QLW ZZ XQZ G H L UP 5 I XO R H U 2 J  H[WHUQD ([ OFQ KD S
Q JIHLQ UDWG H DWDU8P 6VB GR VOOG
DUUHYTD XL V YD S OH [QW    &KLQHVH\XDQ    (XUR    -DSDQHVH\HQ    8.SRXQG    86GROODU  6XP
86' 6'5
6'5 86'
KWWSVZZZLPIRUJH[WHUQDOQSILQGDWDUPVBVGUYDVS[
7yPWҳW0&
 &KѭѫQJ±&iFTX\ÿӏQKFKXQJÿLӅX±
 &KѭѫQJ±&KӭQJWӯYjQJKƭDYөFӫDFiFErQOLrQTXDQÿӃQYLӋFYұQFKX\ӇQ
KjQKNKiFKKjQKOêYjKjQJKyDÿLӅX±
 &KѭѫQJ7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQYjPӭFEӗLWKѭӡQJWKLӋWKҥL
ÿLӅX±
 &KѭѫQJ9ұQFKX\ӇQOLrQKӧSÿLӅX
 &KѭѫQJ9ұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJÿѭӧFWKӵFKLӋQEӣLPӝW
QJѭӡLNK{QJSKҧLOjKmQJYұQFKX\ӇQWKHRKӧSÿӗQJÿLӅX±
 &KѭѫQJ1KѭQJÿLӅXNKRҧQNKiFÿLӅX±
 &KѭѫQJ±1KӳQJÿLӅXNKRҧQFXӕLFQJÿLӅX±
&KѭѫQJ± &iFTX\ÿӏQKFKXQJ
 3KҥPYLiSGөQJ&{QJѭӟFÿLӅX
 0&ÿѭӧFiSGөQJFKRWҩWFҧFiFFKX\ӃQED\TXӕFWӃFKӣKjQKNKiFKKjQKOê Yj
KjQJKyD ÿѭӧFWKӵFKLӋQEӣLFiFKmQJKjQJNK{QJÿӇQKұQWKODRKRһFYұQFKX\ӇQ PLӉQSKt
 &KX\ӃQED\TXӕFWӃFyQJKƭDOjEҩWNǤYLӋFYұQFKX\ӇQQjRFyÿLӇPNKӣLKjQKYj
ÿLӇPÿӃQQҵPWURQJKDLTXӕFJLDWKjQKYLrQFKRGFyKD\NK{QJFyVӵJLiQÿRҥQ
KRһFFKX\ӇQWҧLWURQJTXiWUuQKYұQFKX\ӇQ WURQJOmQKWKәFӫDPӝWTXӕFJLDWKjQK
YLrQGX\QKҩWQӃXFyPӝWÿLӇPGӯQJWKӓDWKXұQWURQJOmQKWKәFӫDPӝWTXӕFJLDNKiF
QJD\FҧNKLTXӕFJLDÿyNK{QJSKҧLOjPӝWTXӕFJLDWKjQKYLrQ
 9LӋFYұQFKX\ӇQÿѭӧFWKӵFKLӋQEӣLPӝWVӕQJѭӡLYұQFKX\ӇQOLrQWLӃSVӁÿѭӧFFRLOj
PӝWOҫQYұQFKX\ӇQQJX\rQYҽQQӃXFiFErQFRLÿyOjPӝWKRҥWÿӝQJÿѫQOҿ1yNK{QJ
PҩWÿLWtQKFKҩWTXӕFWӃQJD\FҧNKLPӝWKRһFPӝWVӕKRҥWÿӝQJYұQFKX\ӇQÿѭӧFWKӵF
KLӋQKRjQWRjQWURQJPӝWTXӕFJLD7URQJWUѭӡQJKӧSQj\WUiFKQKLӋPFӫDFiFErQÿѭӧF
TX\ÿӏQKWURQJĈLӅXFӫD&{QJѭӟF
 &{QJѭӟFQj\FNJQJiSGөQJFKRYLӋFYұQFKX\ӇQQKѭÿѭӧFQrXWURQJFKѭѫQJ9 ÿ͵ ÿͻ Ή ͷ ͱ ͵ ͻ ÿ
&KѭѫQJ± &iFTX\ÿӏQKFKXQJ
 9ұQFKX\ӇQGR1KjQѭӟFWKӵFKLӋQYj9ұQFKX\ӇQEѭXSKҭPÿLӅX
 &{QJѭӟFYүQiSGөQJÿӕLYӟLYLӋFYұQFKX\ӇQGR1KjQѭӟFKRһFFiFFѫTXDQ
F{QJTX\ӅQÿѭӧFWKjQKOұSKӧSSKiSWKӵFKLӋQYӟLÿLӅXNLӋQOjYLӋFYұQFKX\ӇQ
ÿyQҵPWURQJFiFÿLӅXNLӋQTX\ÿӏQKWҥLĈLӅX
 7URQJYLӋFYұQFKX\ӇQEѭXJӣLWKѭWjLOLӋXEѭXNLӋQ«QJѭӡLYұQFKX\ӇQFKӍ
FKӏXWUiFKQKLӋPÿӕLYӟLWәFKӭFEѭXFKtQKFyOLrQTXDQWKHRFiFTX\WҳFiSGөQJ
FKRPӕLTXDQKӋJLӳDQJѭӡLYұQFKX\ӇQYjWәFKӭFEѭXFKtQK ÿy
 7UӯWUѭӡQJKӧSÿѭӧFTX\ÿӏQKWҥLNKRҧQFӫDĈLӅXQj\FiFTX\ÿӏQKFӫD&{QJ
ѭӟFQj\VӁNK{QJiSGөQJÿӕLYӟLYLӋFYұQFKX\ӇQEѭXJӱL
&KѭѫQJ&KӭQJWӯYjQJKƭDYөFӫDFiFErQOLrQTXDQ
ÿӃQYLӋFYұQFKX\ӇQKjQKNKiFKKjQKOêYjKjQJKyD
 +jQKNKiFKYjKjQKOêÿLӅX
 ĈӕLYӟLYLӋFYұQFKX\ӇQKjQKNKiFKPӝWFKӭQJWӯYұQFKX\ӇQYpFiQKkQKRһF
WұSWKӇVӁÿѭӧFJLDR WURQJÿyQrXU}QѫLNKӣLKjQK QѫLÿӃQ YjÿLӇPGӯQJWKRҧ
WKXұQQӃXFy± WUѭӡQJKӧSQѫLNKӣLKjQKYjQѫLÿӃQWURQJFQJPӝWTXӕFJLD
 &yWKӇOjFKӭQJWӯJLҩ\WUX\ӅQWKӕQJKRһFFKӭQJWӯÿLӋQWӱNKRҧQÿLӅX
 1JѭӡLYұQFKX\ӇQJLDRFKRKjQKNKiFKWKҿQKұQGҥQJKjQKOêFKRWӯQJNLӋQ KjQKOêNêJӱL
 +jQKNKiFKVӁÿѭӧFWK{QJEiREҵQJYăQEҧQYӅYLӋF&{QJѭӟFQj\ÿѭӧFiS
GөQJ YjVӁFKLSKӕLYjJLӟLKҥQWUiFKQKLӋPSKiSOêFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟL
WUѭӡQJKӧSWӱYRQJKRһFWKѭѫQJWұWYjÿӕLYӟLVӵSKiKӫ\ PҩWPiW KѭKӓQJÿӕL
YӟLKjQKOêYjVӵFKұPWUӉ
 9LӋFNK{QJWXkQWKӫFiFTX\ÿӏQKWUrQÿk\NK{QJҧQKKѭӣQJÿӃQVӵWӗQWҥLKRһF
KLӋXOӵFFӫDKӧSÿӗQJYұQFKX\ӇQ
&KѭѫQJWLӃSWKHR
 +jQJKyD ÿLӅX
 ĈӕLYӟLYLӋFYұQFKX\ӇQKjQJKyDPӝWYұQÿѫQKjQJNK{QJSKҧLÿѭӧFJLDR $LU:D\ELOO
± $:%KRһF$LU&RQVLJQPHQWQRWH
 %ҩWNǤSKѭѫQJWLӋQQjRNKiFOѭXJLӳKӗVѫYӅYLӋFYұQFKX\ӇQVӁÿѭӧFWKӵFKLӋQFyWKӇ
ÿѭӧFWKD\WKӃFKRYLӋFJLDRYұQÿѫQKjQJNK{QJ1ӃXFiFSKѭѫQJWLӋQNKiFÿyÿѭӧFVӱ
GөQJQӃXQJѭӡLJӱLKjQJ\rXFҫXQJѭӡLYұQFKX\ӇQSKҧLJLDRFKRQJѭӡLJӱLKjQJELrQ
ODLKjQJKyDFKRSKpSQKұQGҥQJO{KjQJYjWLӃSFұQWK{QJWLQWURQJKӗVѫÿѭӧFOѭXJLӳ
EҵQJFiFSKѭѫQJWLӋQNKiFÿy HB$:%
 9LӋFNK{QJWXkQWKӫFiFTX\ÿӏQKWӯÿLӅXÿӃQÿLӅX VӁNK{QJҧQKKѭӣQJÿӃQVӵWӗQ
WҥLKRһFKLӋXOӵFFӫDKӧSÿӗQJYұQFKX\ӇQ ± F{QJѭӟFYүQÿѭӧFiSGөQJ[HPÿLӅX
 1ӝLGXQJFӫDYұQÿѫQKjQJNK{QJKRһFELrQODL KjQJKyD ÿLӅX JӗP
 &KӍGүQQѫLNKӣLKjQKYjQѫLÿӃQ FKRWKҩ\OjӣKDLTXӕFJLDNKiFQKDX
 1ӃXÿLӇPNKӣLKjQKYjÿLӇPÿӃQQҵPWURQJOmQKWKәFӫDPӝW4XӕFJLDWKjQKYLrQGX\
QKҩWWKuPӝWKRһFQKLӅXÿLӇPGӯQJÿmWKӓDWKXұQQҵPWURQJOmQKWKәFӫDPӝW4XӕFJLD
NKiFPӝWGҩXKLӋXFӫDtWQKҩWPӝWÿLӇPGӯQJQKѭYұ\Yj
 0ӝWGҩXKLӋXYӅWUӑQJOѭӧQJFӫDO{KjQJ 0ӝWVӕOѭXê
³H$:%´OjWKXұWQJӳ,$7$VӱGөQJÿӇP{WҧYLӋFWUDRÿәLFiF7K{QJÿLӋSGӳOLӋX
ÿLӋQWӱ(',WKD\FKR$:%EҵQJJLҩ\ÿӇNêNӃWKӧSÿӗQJYұQFKX\ӇQ;HPWjLOLӋX
HB$:%]LSWӯQJj\H$:%OjEҳWEXӝF$:%OjWXǤFKӑQ
³6KLSPHQWUHFRUG´DQ\UHFRUGRIWKHFRQWUDFWRIFDUULDJHSUHVHUYHGE\FDUULHU
HYLGHQFHGE\PHDQVRWKHUWKDQDQ$LU:D\ELOO  ˿ ͷ  Ǥ  ˿ ͻ ÿ  ÿͻ ͵    · ÿͻ ΁ ˿  ÿ˿
³&DUJR5HFHLSW´RU³5HFHLSWIRUWKH&DUJR´VKDOOPHDQDGRFXPHQWLQSDSHURU
HOHFWURQLFIRUPZKLFKLVSURYLGHGWRWKHVKLSSHUE\WKH&DUULHUFUHDWLQJD6KLSPHQW
5HFRUGZKLFKVKDOOEHGHHPHGWRHIIHFWD&DUJR&RQWUDFWIRUDFDUJRVKLSPHQW
LGHQWLILDEOHRQVXFK&DUJR5HFHLSW ƭ ͱ ÿ  ΅ ÿͻ ͵ ΅ ͷ ͵   ˿ ͷ  ÿͻ  Ή ͻ ÿ ͱ ÿͻ ÿ
%LrQODLKjQJKyDYӅPӑLPһWVӁÿѭӧFFRLOjWKD\WKӃKRjQWRjQFKRYұQÿѫQKjQJ
NK{QJFӫD+mQJYұQFKX\ӇQ&iFNKtDFҥQKNӻWKXұWFӫD%LrQQKұQKjQJKyDVӁ
ÿѭӧFP{WҧWURQJ1JKӏTX\ӃWJFӫD,$7$ &DUJR5HFHLSW
&KѭѫQJWLӃSWKHR
 &KӭQJWӯOLrQTXDQÿӃQWtQKFKҩWFӫDKjQJKyD ÿLӅX1JѭӡLJӱLKjQJFy
WKӇÿѭӧF\rXFҫXQӃXFҫQWKLӃWÿӇÿiSӭQJFiFWKӫWөFFӫDKҧLTXDQFҧQK
ViWYjFiFFѫTXDQF{QJTX\ӅQWѭѫQJWӵÿӇFXQJFҩSPӝWWjLOLӋXFKRELӃW
EҧQFKҩWFӫDKjQJKyDĈLӅXNKRҧQQj\WҥRUDFKRQJѭӡLYұQFKX\ӇQNK{QJ
FyQKLӋPYөQJKƭDYөKRһFWUiFKQKLӋPSKiWVLQKWӯÿy
 &KӭQJWӯ FKRQKLӅXNLӋQKjQJ ĈLӅXNKLFyQKLӅXKѫQPӝWNLӋQKjQJ
 1JѭӡLYұQFKX\ӇQKjQJKyDFyTX\ӅQ\rXFҫXQJѭӡLJӱLKjQJOұSFiFYұQÿѫQ
KjQJNK{QJULrQJELӋW
 1JѭӡLJӱLKjQJFyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQJLDRELrQQKұQKjQJKyD
ULrQJNKLVӱGөQJYұQÿѫQÿLӋQWӱ
&KѭѫQJWLӃSWKHR
 0{WҧYұQÿѫQKjQJNK{QJÿLӅX9ұQÿѫQKjQJNK{QJGRQJѭӡLJӱLKjQJ
OұSWKjQKEDEҧQJӕFYӟLFKӳNêFӫDQJѭӡLYұQFKX\ӇQYjQJѭӡLJӱLKjQJFy
WKӇÿѭӧFLQKRһFÿyQJGҩX
 %ҧQJӕFÿҫXWLrQÿѭӧFÿiQKGҩX³GjQKFKRQJѭӡLFKX\rQFKӣ´IRUWKHFDUULHU
QyVӁÿѭӧFNêEӣLQJѭӡLJӱLKjQJ
 %ҧQWKӭKDLÿѭӧFÿiQKGҩX³GjQKFKRQJѭӡLQKұQKjQJ´IRUWKHFRQVLJQHHQy
VӁÿѭӧFNêEӣLQJѭӡLJӱLKjQJYjQJѭӡLYұQFKX\ӇQ
 %ҧQWKӭEDFyGҩX³GjQKFKRQJѭӡLJӣLKjQJ´IRUVKLSSHUGRQJѭӡLYұQFKX\ӇQ
NêYjJLDROҥLFKRQJѭӡLJӱLKjQJVDXNKLKjQJKRiÿѭӧFFKҩSQKұQYұQFKX\ӇQ
9ұQÿѫQKjQJNK{QJWKHRQJKӏTX\ӃWDYjEFӫD,$7$
 1JKӏTX\ӃWD9ұQÿѫQKjQJNK{QJ$:%ÿѭӧFOұSWKjQKQKLӅXEҧQYӟL
KuQKWKӭFQӝLGXQJOұSFiFKFKX\ӇQJLDRYұQÿѫQWKHRTX\ÿӏQKFӫD,$7$WjL
OLӋX,$7$5HVROXWLRQVD YӟLKDLWjLOLӋXÿtQKNqP$Yj%
 1JKӏTX\ӃWEWK{QJEiRYӅJLӟLKҥQWUiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQYjFiFÿLӅXNLӋQFӫD
KӧSÿӗQJWjLOLӋX,$7$5HVROXWLRQVE
 ĈӕLYӟLYұQÿѫQKjQJNK{QJEҵQJJLҩ\YӟLFKӳNêFӫDPuQKWUrQ$:%QJѭӡLJӱL
KjQJÿӗQJWKӡL[iFQKұQUҵQJDQKWDÿӗQJêYӟLFiFĈLӅXNLӋQKӧSÿӗQJÿѭӧF
TX\ÿӏQKӣPһWVDXFӫDYұQÿѫQKjQJNK{QJYjYӟLFiFĈLӅXNLӋQFKX\rQFKӣ
 ĈӕLYӟLYұQÿѫQKjQJNK{QJÿLӋQWӱ H± $:%YӟLFKӳNêFӫDPuQKWUrQ³&KӍWKӏ
WKѭJӱLKjQJ´ 6KLSSHU¶V /HWWHURILQVWUXFWLRQ± 6/,QJѭӡLJӱLKjQJÿӗQJWKӡL[iF
QKұQÿӗQJêYӟLĈLӅXNLӋQFӫDKӧSÿӗQJQj\YjFiFTX\ÿӏQKNKiFÿѭӧFQrXU}
WUrQZHEVLWHFӫDKmQJYұQWҧLKjQJNK{QJ
 ;HPWjLOLӋXĈLӅXNLӋQKӧSÿӗQJYjÿLӅXNLӋQFKX\ӇQFӫD91$LUOLQH
&KѭѫQJWLӃSWKHR
 7UiFKQKLӋPYӅFiFFKLWLӃWFӫDFKӭQJWӯÿLӅX
 1JѭӡLJӣLKjQJQJѭӡLÿҥLGLӋQFKRKӑSKҧLFXQJFҩSWK{QJWLQÿӇÿLӅQYjR$:%KRһF
6KLSPHQW5HFRUG3KҧLEӗLWKѭӡQJFKRQJѭӡLFKX\rQFKӣPӑLWKLӋWKҥLQӃXWK{QJWLQVDL NK{QJÿҫ\ÿӫ«
 1JѭӡLYұQFKX\ӇQSKҧLEӗLWKѭӡQJFKRQJѭӡLJӣLKjQJQӃXÿLӅQVDLWK{QJWLQ
 *LiWUӏFKӭQJPLQKFӫDFKӭQJWӯÿLӅX$:%KRһF%LrQODLKjQJKRi&DUJR
5HFHLSW OjEҵQJFKӭQJYӅYLӋFNêNӃWKӧSÿӗQJ YjYLӋFFKҩSQKұQKjQJKyDYjFiF
ÿLӅXNLӋQYұQFKX\ӇQÿѭӧFÿӅFұSWURQJÿy 0ӑLWK{QJWLQFӫD$:%KRһF+ӗVѫ
KjQJKRiÿӅXFyJLiWUӏPLQKFKӭQJ
 4X\ӅQÿӏQKÿRҥWKjQJKyD ÿLӅX± TX\ӅQWKXKӗLKjQJFӫDQJѭӡLJӣLKjQJ
 *LDRKjQJÿLӅX± TX\ӅQÿѭӧFQKұQKjQJFӫDQJѭӡLQKұQ
 7KӫWөF+ҧLTXDQ&ҧQKViWKRһF&ѫTXDQ&{QJTX\ӅQNKiF ÿLӅX± 1JѭӡLJӣL
KjQJSKҧLFKӏXWUiFKQKLӋPFXQJFҩSFiFWK{QJWLQOLrQTXDQÿӃQYLӋFOjPKҧLTXDQ
ÿiSӭQJFiF\rXFҫXTXҧQOêFӫDFҧQKViWKRһFFiFFѫ TXDQF{QJTX\ӅQNKiF
1JѭӡLYұQFKX\ӇQNK{QJFyWUiFKQKLӋP[iFWKӵFWtQKFKtQK[iFFӫDWK{QJWLQ
&KѭѫQJ7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQYj PӭFEӗLWKѭӡQJ WKLӋWKҥL
ĈLӅX 7ӱYRQJ WKѭѫQJWtFKFӫDKjQKNKiFK WKLӋWKҥLÿӕLYӟLKjQKOê
 1JѭӡLYұQFKX\ӇQFKӍFKӏXWUiFKQKLӋPÿӕLYӟLKjQKNKiFKNKLVӵNLӋQ[ҧ\UDWUrQ
Pi\ED\KRһFWURQJTXiWUuQKWKӵFKLӋQEҩWNǤKRҥWÿӝQJQjRNKLOrQKRһF[XӕQJ Pi\ ED\
 1JѭӡLYұQFKX\ӇQFKӏXWUiFKQKLӋPYӅWKLӋWKҥLÿӕLYӟLKjQKOêNêJӱLQӃXVӵNLӋQ
[ҧ\UDWUrQPi\ED\KRһFWURQJEҩWNǤNKRҧQJWKӡLJLDQKjQKOêÿѭӧFNêJӱL
 ĈӕLYӟLKjQKOêKjQKNKiFKWӵTXҧQOêQJѭӡLYұQFKX\ӇQSKҧLFKӏXWUiFKQKLӋP
QӃXWKLӋWKҥLGROӛLFӫDKӑKRһFFӫDQKkQYLrQKRһFÿҥLOêFӫDKӑ
 1ӃXQJѭӡLYұQFKX\ӇQWKӯDQKұQYLӋFPҩWKjQKOêNêJӱLKRһFQӃXKjQKOêNê
JӱLYүQFKѭDÿӃQNKLKӃWWKӡLKҥQKDLPѭѫLPӕWQJj\NӇWӯQJj\OӁUDKjQKOê
SKҧLÿӃQKjQKNKiFKFyTX\ӅQWKӵFWKLÿӕLYӟLQJѭӡLYұQFKX\ӇQFiFTX\ӅQ
PjSKiWVLQKWӯKӧSÿӗQJYұQWҧL
&KѭѫQJWLӃSWKHR
ĈLӅX7KLӋWKҥLÿӕLYӟLKjQJKyD
 1JѭӡLYұQFKX\ӇQFKӍFKӏXWUiFKQKLӋPYӅWKLӋWKҥL[ҧ\UDWURQJWUѭӡQJKӧSKjQJKyDEӏ
WLrXKӫ\PҩWPiWKѭKӓQJYӟLÿLӅXNLӋQVӵNLӋQJk\UDWKLӋWKҥL[ҧ\UDWURQJTXiWUuQK
YұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
 1JѭӡLYұQFKX\ӇQNK{QJFKӏXWUiFKQKLӋPQӃXYjWURQJSKҥPYLQJѭӡLYұQFKX\ӇQ
FKӭQJPLQKÿѭӧFUҵQJYLӋFSKiKӫ\PҩWPiWKRһFKѭKӓQJKjQJKyDOjGRPӝWKRһF
QKLӅXQJX\rQQKkQVDX
 DNKLӃPNKX\ӃWYӕQFyFKҩWOѭӧQJKRһFNKX\ӃWÿLӇPFӫDKjQJKyDÿy
 EYLӋFÿyQJJyLKjQJKyDÿyEӏOӛLGRPӝWQJѭӡLNK{QJSKҧLOjQJѭӡLYұQFKX\ӇQKRһFQJѭӡL
OjPF{QJKRһFÿҥLOêFӫDQJѭӡLYұQFKX\ӇQWKӵFKLӋQ
 FPӝWKjQKÿӝQJFKLӃQWUDQKKRһF[XQJÿӝWYNJWUDQJ
 GPӝWKjQKÿӝQJFӫDFѫTXDQF{QJTX\ӅQÿѭӧFWKӵFKLӋQOLrQTXDQÿӃQYLӋFQKұSFҧQK[XҩW
FҧQKKRһFTXiFҧQKKjQJKyD
 9LӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJEDRJӗPNKRҧQJWKӡLJLDQKjQJKyDQҵPGѭӟL
TX\ӅQFӫDQJѭӡLYұQFKX\ӇQ9LӋFYұQFKX\ӇQEҵQJÿѭӡQJEӝÿѭӡQJELӇQKRһFÿѭӡQJ
WKӫ\QӝLÿӏDÿѭӧFWKӵFKLӋQErQQJRjLVkQED\NK{QJWKXӝFWUiFKQKLӋPFӫDQJѭӡLYұQ
FKX\ӇQWUӯPӝWVӕWUѭӡQJKӧSFөWKӇ
&KѭѫQJWLӃSWKHR
ĈLӅX± &KұPWUӉ
 1JѭӡLYұQFKX\ӇQSKҧLFKӏXWUiFKQKLӋPYӅQKӳQJWKLӋWKҥLGRFKұPWUӉWURQJYLӋF
YұQFKX\ӇQKjQKNKiFKKjQKOêKRһFKjQJKyDEҵQJÿѭӡQJKjQJNK{QJ
 1ӃXQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFKӑYjQKӳQJQJѭӡLOjPF{QJYjÿҥLOê
FӫDKӑÿmiSGөQJPӑLELӋQSKiSFҫQWKLӃWÿӇWUiQKWKLӋWKҥLKRһFKӑNK{QJWKӇ
WKӵFKLӋQFiFELӋQSKiSÿy WKuKӑVӁNK{QJSKҧLFKӏXWUiFKQKLӋPYӅVӵFKұPWUӉ
ĈLӅX 0LӉQWUӯ
 1ӃXQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJWKLӋWKҥLOjGRVѫVXҩWKRһFKjQK
ÿӝQJVDLWUiLNKiFKRһFWKLӃXVyWFӫDQJѭӡL\rXFҫXEӗLWKѭӡQJKRһFFӫDQJѭӡL
PjKӑQKұQÿѭӧFFiFTX\ӅQFӫDPuQKWKuQJѭӡLYұQFKX\ӇQVӁÿѭӧFPLӉQWUiFK
WRjQEӝKRһFPӝWSKҫQÿӕLYӟLWKLӋWKҥLWKXӝFWUiFKQKLӋPSKiSOêFӫDPuQK
 .KLPӝWQJѭӡLNK{QJSKҧLOjKjQKNKiFK\rXFҫXEӗLWKѭӡQJYuOêGRWӱYRQJ
KRһFWKѭѫQJWұWFӫDKjQKNKiFKQJѭӡLYұQFKX\ӇQFNJQJVӁÿѭӧFPLӉQWUӯWRjQ
EӝKRһFPӝWSKҫQWUiFKQKLӋPFӫDPuQKWURQJSKҥPYLFKӭQJPLQKÿѭӧFUҵQJ
WKLӋWKҥLOjGRVѫVXҩWJk\UDKRһFJySSKҫQJk\UDKRһFKjQKÿӝQJKRһFWKLӃX
VyWVDLWUiLNKiFFӫDKjQKNKiFKÿy
&KѭѫQJWLӃSWKHR
ĈLӅX%ӗLWKѭӡQJWURQJWUѭӡQJKӧSKjQKNKiFKFKӃWKRһFEӏWKѭѫQJ
 ĈӕLYӟLQKӳQJWKLӋWKҥLSKiWVLQKWKHRNKRҧQĈLӅXNK{QJYѭӧWTXi
6'5KLӋQWҥLOj FKRPӛLKjQKNKiFKQJѭӡLYұQFKX\ӇQNK{QJWKӇORҥL
WUӯKRһFJLӟLKҥQWUiFKQKLӋPFӫDPuQK WUӯWUѭӡQJKӧSGROӛLFӫDKjQKNKiFK
ÿѭӧFTX\ÿӏQKWҥLÿLӅX
 1JѭӡLYұQFKX\ӇQVӁNK{QJFKӏXWUiFKQKLӋPÿӕLYӟLFiFWKLӋWKҥLSKiWVLQKWKHR
NKRҧQĈLӅXWURQJSKҥPYLYѭӧWTXi6'5KLӋQWҥLOjÿӕL
YӟLPӛLKjQKNKiFKQӃXQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJ
 DWKLӋWKҥLÿyNK{QJSKҧLGRVѫVXҩWKRһFKjQKÿӝQJKRһFWKLӃXVyWVDLWUiLNKiFFӫD
QJѭӡLYұQFKX\ӇQKRһFQJѭӡLOjPF{QJKRһFÿҥLOêFӫDKӑKRһF
 EWKLӋWKҥLÿyKRjQWRjQGRVѫVXҩWKRһFKjQKÿӝQJKRһFWKLӃXVyWVDLWUiLNKiFFӫD ErQWKӭED
&KѭѫQJWLӃSWKHR
ĈLӅX *LӟLKҥQWUiFKQKLӋPOLrQTXDQÿӃQYLӋFFKұPWUӉKjQKOêYj
KjQJKyD Î 0ӭFWUiFKQKLӋPWӕLÿDFӫDQJѭӡLYұQFKX\ӇQNKLKjQKNKiFK
QJѭӡLJӣLKjQJQJѭӡLFyTX\ӅQFKӭQJPuQKÿѭӧFWKLӋWKҥLOj ĈLӅX ĈѫQYӏ
0& 7ӯ
.KRҧQ&KұPWUӉWURQJYұQFKX\ӇQKjQK 6'5+jQKNKiFK   NKiFK
.KRҧQ+jQKOêEӏSKiKӫ\PҩWPiWKѭ 6'5+jQKNKiFK   KӓQJKRһFFKұPWUӉ
.KRҧQ+jQKOêEӏSKiKӫ\PҩWPiWKѭ 6'5.J   KӓQJKRһFFKұPWUӉ  /ѭXê
 7UѭӡQJKӧSKjQKNKiFKNKDLEiRJLiWUӏKjQKOê"
 7UѭӡQJKӧSQJѭӡLJӣLKjQJNKDLEiRJLiWUӏKjQJKRi"
 7UѭӡQJKӧSKjQJKRiKѭKӓQJPӝWSKҫQ"
 7UѭӡQJKӧSQJѭӡLYұQFKX\ӇQQJѭӡLOjPF{QJKRһFÿҥLOêFӫDKӑFӕWuQKSKiKRҥL"
&KѭѫQJWLӃSWKHR
ĈLӅX &KX\ӇQÿәLÿѫQYӏWLӅQWӋ
ĈLӅX ;HP[pWFiFJLӟLKҥQ &iFJLӟLKҥQӣÿLӅXÿѭӧFÿӏQKNǤ[HP[pW
WKHRTX\ÿӏQKFӫD&{QJѭӟFYjVӁFyKLӋXOӵFWKHRTX\ÿӏQKFӫD&{QJѭӟF
ĈLӅX 4X\ÿӏQKYӅKҥQPӭF1JѭӡLFKX\rQFKӣFyWKӇTX\ÿӏQKUҵQJKӧSÿӗQJ
YұQFKX\ӇQSKҧLFKӏXQKӳQJJLӟLKҥQWUiFKQKLӋPFDRKѫQQKӳQJJLӟLKҥQWUiFK
QKLӋPTX\ÿӏQKWURQJ&{QJѭӟFQj\KRһFNK{QJFyEҩWNǤJLӟLKҥQWUiFKQKLӋPQjR
ĈLӅX 6ӵY{KLӋXFӫDFiFÿLӅXNKRҧQWURQJKӧSÿӗQJ%ҩWNǤÿLӅXNKRҧQQjR
Fy[XKѭӟQJOjPJLҧPWUiFKQKLӋPFӫDQJѭӡLFKX\rQFKӣKRһFҩQÿӏQKPӝWJLӟLKҥQ
WKҩSKѫQJLӟLKҥQÿѭӧFTX\ÿӏQKWURQJ&{QJѭӟFQj\VӁY{KLӋXYjVӵY{KLӋXFӫD
EҩWNǤÿLӅXNKRҧQQjRQKѭYұ\NK{QJOLrQTXDQÿӃQVӵY{KLӋXFӫDWRjQEӝKӧS
ÿӗQJWXkQWKHRFiFTX\ÿӏQKFӫD&{QJѭӟFQj\
ĈLӅX 7ӵGRNêNӃWKӧSÿӗQJ.K{QJQӝLGXQJQjRWURQJ&{QJѭӟFQj\QJăQ
FҧQQJѭӡLFKX\rQFKӣWӯFKӕLNêNӃWKӧSÿӗQJWӯEӓEҩWNǤELӋQSKiSEҧRYӋQjR
FyVҹQWKHR&{QJѭӟFKRһFÿһWUDFiFÿLӅXNLӋQNK{QJPkXWKXүQYӟLFiFTX\ÿӏQK
FӫD&{QJѭӟFQj\
&KѭѫQJWLӃSWKHR
ĈLӅX &KX\ӇQÿәLÿѫQYӏWLӅQWӋ
ĈLӅX ;HP[pWFiFJLӟLKҥQ &iFJLӟLKҥQӣÿLӅXÿѭӧFÿӏQKNǤ[HP[pW
WKHRTX\ÿӏQKFӫD&{QJѭӟFYjVӁFyKLӋXOӵFWKHRTX\ÿӏQKFӫD&{QJѭӟF
ĈLӅX 4X\ÿӏQKYӅKҥQPӭF1JѭӡLFKX\rQFKӣFyWKӇTX\ÿӏQKUҵQJKӧSÿӗQJ
YұQFKX\ӇQSKҧLFKӏXQKӳQJJLӟLKҥQWUiFKQKLӋPFDRKѫQQKӳQJJLӟLKҥQWUiFK
QKLӋPTX\ÿӏQKWURQJ&{QJѭӟFQj\KRһFNK{QJFyEҩWNǤJLӟLKҥQWUiFKQKLӋPQjR
ĈLӅX 6ӵY{KLӋXFӫDFiFÿLӅXNKRҧQWURQJKӧSÿӗQJ%ҩWNǤÿLӅXNKRҧQQjR
Fy[XKѭӟQJOjPJLҧPWUiFKQKLӋPFӫDQJѭӡLFKX\rQFKӣKRһFҩQÿӏQKPӝWJLӟLKҥQ
WKҩSKѫQJLӟLKҥQÿѭӧFTX\ÿӏQKWURQJ&{QJѭӟFQj\VӁY{KLӋXYjVӵY{KLӋXFӫD
EҩWNǤÿLӅXNKRҧQQjRQKѭYұ\NK{QJOLrQTXDQÿӃQVӵY{KLӋXFӫDWRjQEӝKӧS
ÿӗQJWXkQWKHRFiFTX\ÿӏQKFӫD&{QJѭӟFQj\
ĈLӅX 7ӵGRNêNӃWKӧSÿӗQJ.K{QJQӝLGXQJQjRWURQJ&{QJѭӟFQj\QJăQ
FҧQQJѭӡLFKX\rQFKӣWӯFKӕLNêNӃWKӧSÿӗQJWӯEӓEҩWNǤELӋQSKiSEҧRYӋQjR
FyVҹQWKHR&{QJѭӟFKRһFÿһWUDFiFÿLӅXNLӋQNK{QJPkXWKXүQYӟLFiFTX\ÿӏQK
FӫD&{QJѭӟFQj\
&KѭѫQJWLӃSWKHR
ĈLӅX 7KDQKWRiQWҥPӭQJ 7URQJWUѭӡQJKӧSWDLQҥQPi\ED\GүQÿӃQ
KjQKNKiFKWӱYRQJKRһFEӏWKѭѫQJ ± &yWKӇWҥPӭQJ
ĈLӅX &ăQFӭ\rXFҫXEӗLWKѭӡQJ EҩWNǤKjQKÿӝQJÿzLEӗLWKѭӡQJWKLӋW
KҥLQjRGGӵDWUrQFѫVӣQjRFKRGWKHR&{QJѭӟFQj\KD\WKHRKӧS
ÿӗQJKD\QJRjLKӧSÿӗQJ« FKӍFyWKӇÿѭӧFÿѭDUDWKHRFiFÿLӅXNLӋQYjJLӟL
KҥQWUiFKQKLӋPSKiSOêÿѭӧFTX\ÿӏQKWURQJ&{QJѭӟFQj\
ĈLӅX 1JѭӡLSKөFYөĈҥLOê 7әQJKӧSFiF\rXFҫXEӗLWKѭӡQJ
 1ӃXPӝWKjQKÿӝQJFKӕQJOҥLQJѭӡLOjPF{QJKRһFÿҥLOêFӫDQJѭӡLFKX\rQFKӣ
SKiWVLQKWӯWKLӋWKҥLWKuQJѭӡLOjPF{QJKRһFÿҥLOêFyTX\ӅQFKӭQJPLQKKӑÿm
KjQKÿӝQJWURQJSKҥPYLF{QJYLӋFFӫDPuQK YjKӑFyTX\ӅQiSGөQJFiFÿLӅX
NLӋQYjFiFJLӟLKҥQWUiFKQKLӋPPjQJѭӡLFKX\rQFKӣFyTX\ӅQYLӋQGүQWKHR &{QJѭӟFQj\
 7әQJVӕWLӅQWKXWӯQJѭӡLFKX\rQFKӣQJѭӡLOjPF{QJYjÿҥLOêFӫDQJѭӡL
FKX\rQFKӣ NK{QJÿѭӧFYѭӧWTXiJLӟLKҥQ
&KѭѫQJWLӃSWKHR
ĈLӅX 7K{QJEiRNKLӃXQҥLNӏSWKӡL
 %LrQQKұQFӫDQJѭӡLFyTX\ӅQJLDRKjQKOêNêJӱLKRһFKjQJKyDPjNK{QJFyNKLӃXQҥL
OjEҵQJFKӭQJU}UjQJUҵQJKjQJKyDKRһFKjQKOêNêJӱLÿyÿmÿѭӧFJLDRWURQJWuQK
WUҥQJWӕWYjSKKӧSYӟLFKӭQJWӯKRһFKӗVѫYұQFKX\ӇQ
 7URQJWUѭӡQJKӧSEӏKѭKӓQJQJѭӡLFyTX\ӅQQKұQKjQJSKҧLNKLӃXQҥLQJD\YӟLQJѭӡL
YұQFKX\ӇQVDXNKLSKiWKLӋQUDKѭKӓQJYjFKұPQKҩWOj
Eҧ\QJj\NӇWӯQJj\QKұQÿӕLYӟLKjQKOêNêJӱL
PѭӡLEӕQQJj\NӇWӯQJj\QJj\QKұQKjQJ
 7UѭӡQJKӧSFKұPWUӉNKLӃXQҥLSKҧLÿѭӧFWKӵFKLӋQFKұPQKҩWWURQJYzQJKDLPѭѫLPӕW
QJj\NӇWӯQJj\KjQKOêKRһFKjQJKyDÿmÿѭӧFÿһWGѭӟLTX\ӅQÿӏQKÿ ҥ R WFӫDQJѭӡLÿy
 0ӑLNKLӃXQҥLSKҧLÿѭӧFWKӵFKLӋQEҵQJYăQEҧQYjÿѭӧFÿѭDUDKRһFJӱLÿLWURQJWKӡL JLDQQrXWUrQ
 1ӃXNK{QJFyNKLӃXQҥLQjRÿѭӧFÿѭDUDWURQJWKӡLJLDQQyLWUrQWKuVӁNK{QJFyKjQK
ÿӝQJQjRFKӕQJOҥLQJѭӡLYұQFKX\ӇQQJRҥLWUӯWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQJLDQOұQ
&KѭѫQJWLӃSWKHR
ĈLӅX 1JѭӡLFyWUiFKQKLӋP TXDÿӡL7URQJWUѭӡQJKӧSQJѭӡLFyWUiFK
QKLӋPSKiSOêTXDÿӡLYLӋFNKӣLNLӋQÿzLEӗLWKѭӡQJWKLӋWKҥLSKKӧSYӟLFiF
ÿLӅXNKRҧQFӫD&{QJѭӟFQj\ÿӕLYӟLQKӳQJQJѭӡLÿҥLGLӋQKӧSSKiSFKRWjL VҧQFӫDQJѭӡLÿy
ĈLӅX± 7KҭPTX\ӅQ[pW[ӱ9LӋFNKӣLNLӋQÿzLEӗLWKѭӡQJWKLӋWKҥLSKҧL
ÿѭӧFÿѭDUDWKHRVӵOӵDFKӑQFӫDQJX\rQÿѫQWUrQOmQKWKәFӫDPӝW
WURQJFiF4XӕFJLDWKjQKYLrQWҥLWzDiQQѫLQJѭӡLYұQFKX\ӇQFѭWU~KRһF
QѫLNLQKGRDQKFKtQKFӫDQJѭӡLYұQFKX\ӇQKRһFQѫLQJѭӡLYұQFKX\ӇQFy
ÿӏDÿLӇPNLQKGRDQKPjTXDÿyKӧSÿӗQJÿmÿѭӧFWKӵFKLӋQKRһFWҥLWzD iQWҥLQѫLÿӃQ«
ĈLӅX 7UӑQJWjL FiFErQWURQJKӧSÿӗQJYұQFKX\ӇQKjQJKyDFyWKӇTX\
ÿӏQKUҵQJPӑLWUDQKFKҩSOLrQTXDQÿӃQWUiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQ
WKHR&{QJѭӟFQj\VӁÿѭӧFJLҧLTX\ӃWEҵQJWUӑQJWjL7KRҧWKXұQWUӑQJWjL
SKҧLOjPWKDQKYăQEҧQWKӫWөFWӕWөQJWUӑQJWjLWKHROӵDFKӑQFӫDQJX\rQ
ÿѫQVӁGLӉQUDWҥLPӝWWURQJFiFNKXYӵFWjLSKiQÿѭӧFÿӅFұSWҥLĈLӅX«
&KѭѫQJWLӃSWKHR
ĈLӅX *LӟLKҥQKjQKÿӝQJ 4X\ӅQ\rXFҫXEӗLWKѭӡQJWKLӋWKҥLVӁEӏKӫ\EӓQӃXYLӋFNKӣLNLӋQ
NK{QJÿѭӧFWKӵFKLӋQWURQJWKӡLKҥQKDLQăPWtQKWӯQJj\Pi\ED\ÿӃQÿLӇPÿӃQKRһFNӇWӯQJj\OӁ
UDPi\ED\ÿmÿӃQKRһFWӯQJj\PjYLӋFFKX\rQFKӣNӃWWK~F
ĈLӅX 9ұQFKX\ӇQQӕLWLӃS
 7URQJWUѭӡQJKӧSYLӋFYұQFKX\ӇQGRQKLӅXQJѭӡLYұQFKX\ӇQQӕLWLӃSQKDXWKӵFKLӋQPӛLQJѭӡLYұQ
FKX\ӇQWLӃSQKұQKjQKNKiFKKjQKOêKRһFKjQJKyDÿӅXSKҧLWXkQWKHRFiFTX\WҳFTX\ÿӏQKWURQJ
&{QJѭӟFQj\YjÿѭӧFFRLOjOjPӝWWURQJFiFErQFӫDKӧSÿӗQJYұQFKX\ӇQWURQJFKӯQJPӵFPjKӧS
ÿӗQJÿӅFұSÿӃQSKҫQYұQFKX\ӇQÿyÿѭӧFWKӵFKLӋQGѭӟLVӵJLiPViWFӫDPuQK
 7URQJWUѭӡQJKӧSYұQFKX\ӇQFyWtQKFKҩWQKѭYұ\KjQKNKiFKKRһFEҩWNǤQJѭӡLQjRFyTX\ӅQÿѭӧF
EӗLWKѭӡQJÿӕLYӟLKӑFKӍFyWKӇNKӣLNLӋQQJѭӡLYұQFKX\ӇQÿmWKӵFKLӋQYLӋFYұQFKX\ӇQPjWURQJ
WKӡLJLDQÿyÿm[ҧ\UDWDLQҥQKRһFFKұPWUӉWUӯWUѭӡQJKӧSWKHRWKӓDWKXұQU}UjQJQJѭӡLYұQ
FKX\ӇQÿҫXWLrQÿmFKӏXWUiFKQKLӋPFKRWRjQEӝKjQKWUuQK
 ĈӕLYӟLKjQKOêKRһFKjQJKyDKjQKNKiFKKRһFQJѭӡLJӱLKjQJVӁFyTX\ӅQNKӣLNLӋQQJѭӡLYұQ
FKX\ӇQÿҫXWLrQYjKjQKNKiFKKRһFQJѭӡLQKұQKjQJFyTX\ӅQQKұQKjQJVӁFyTX\ӅQNKӣLNLӋQ
QJѭӡLYұQFKX\ӇQFXӕLFQJYjKѫQQӳDPӛLQJѭӡLFyWKӇNKӣLNLӋQQJѭӡLYұQFKX\ӇQÿmWKӵFKLӋQ
YLӋFYұQFKX\ӇQPjWURQJWKӡLJLDQÿy[ҧ\UDVӵSKiKӫ\PҩWPiWKѭKӓQJKRһFFKұPWUӉ1KӳQJ
QJѭӡLYұQFKX\ӇQQj\VӁFKӏXWUiFKQKLӋPOLrQÿӟLYjULrQJÿӕLYӟLKjQKNKiFKKRһFQJѭӡLJӱLKjQJ
KRһFQJѭӡLQKұQKjQJ
ĈLӅX 4X\ӅQWUX\ÿzLFKӕQJOҥLErQWKӭED .K{QJFyTX\ÿӏQKQjRWURQJ&{QJѭӟFQj\ҧQK
KѭӣQJÿӃQFkXKӓLOLӋXPӝWQJѭӡLFKӏXWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLWKHRFiFÿLӅXNKRҧQFӫD
&{QJѭӟFFyTX\ӅQWUX\ÿzLEҩWNǤQJѭӡLQjRNKiFKD\NK{QJ
&KѭѫQJ9ұQFKX\ӇQOLrQKӧS
ĈLӅX 9ұQFKX\ӇQOLrQKӧS
 7URQJWUѭӡQJKӧSYұQFKX\ӇQOLrQKӧSÿѭӧFWKӵFKLӋQPӝWSKҫQEҵQJÿѭӡQJ
KjQJNK{QJYjPӝWSKҫQEҵQJEҩWNǤSKѭѫQJWKӭFYұQWҧLQjRNKiFFiFTX\ÿӏQK
FӫD&{QJѭӟFQj\WKHRNKRҧQFӫDĈLӅX ÿLӅX 7KLӋWKҥLÿӕLYӟLKjQJ
KyD
VӁFKӍiSGөQJFKRYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
 .K{QJTX\ÿӏQKQjRWURQJ&{QJѭӟFQj\QJăQFҧQFiFErQWURQJWUѭӡQJKӧSYұQ
FKX\ӇQOLrQKӧSÿѭDYjRFKӭQJWӯFiFÿLӅXNLӋQYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJOLrQTXDQÿӃQFiFSKѭѫQJWKӭFYұQFKX\ӇQNKiFYӟLÿLӅXNLӋQOjFiFTX\
ÿӏQKFӫD&{QJѭӟFQj\ÿѭӧFWXkQWKӫÿӕLYӟLYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJ NK{QJ
&KѭѫQJ9ұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJÿѭӧFWKӵFKLӋQ
EӣLPӝWQJѭӡLNK{QJSKҧLOjKmQJYұQFKX\ӇQWKHRKӧSÿӗQJ
ĈLӅXÿӃQ &KѭѫQJ 1
/XұWKjQJNK{QJGkQGөQJ9LӋW1DP 6ӕ 0өF 1ӝLGXQJ WLӃW
/ӏFKVӱQJjQKKjQJNK{QJGkQGөQJ9LӋW1DPYj+ӋWKӕQJ 5.1 1
YăQEҧQSKiSOXұWYӅKjQJNK{QJGkQGөQJ
1ӝLGXQJFѫEҧQFӫD/XұWKjQJNK{QJGkQGөQJ9LӋW1DP 5.2 2
ÿѭӧFVӱDÿәLQăP 7әQJ 3
/ӏFKVӱQJjQKKjQJNK{QJGkQGөQJ9LӋW1DPYj+ӋWKӕQJYăQ
EҧQSKiSOXұWYӅKjQJNK{QJGkQGөQJ+.''
/ӏFKVӱQJjQKKjQJNK{QJGkQGөQJ9LӋW1DP[HPWjLOLӋX
 .KӣLÿҫXOjWӯYLӋF[k\GӵQJVkQED\/NJQJ&yWK{QĈӗQJĈRQ[m0LQK7KDQKKX\ӋQ6ѫQ'ѭѫQJWӍQK7X\rQ
4XDQJÿӇYұQFKX\ӇQTXkQVӵFӫDPһWWUұQĈӗQJ0LQKFKR&iFKPҥQJ9LӋW1DP (tháng 6/1946)
 6DXQăP9LӋW1DPWLӃSTXҧQVkQED\*LD/kPFӫD3KiSOjVkQED\OӟQQKҩWPLӅQ%ҳF
 NJj\EDQKjQK1JKӏÿӏQKVӕ77J FӫD7KӫWѭӟQJ&KtQKSKӫYӅYLӋFWKjQKOұS&өF+jQJNK{QJ
GkQGөQJÿһWQӅQPyQJFKRVӵUDÿӡL YjSKiWWULӇQFӫD+.'' VLӋWNam.
 7ӯQăP– +jQJNK{QJFKӫ\ӃXSKөFYөFKRTXkQVӵYjSKөFYөFKRKRҥWÿӝQJFӫD&KtQKSKӫ
 1Jj\7KӫWѭӟQJ&KtQKSKӫUD4X\ӃWÿӏQKVӕ&3YӅYLӋFWKjQKOұS7әQJFөF+jQJNK{QJGkQ
GөQJWUӵFWKXӝF+ӝLÿӗQJ&KtQKSKӫQKѭQJYӅPһWWәFKӭFTXҧQOêYjFKӍYүQWUӵFWKXӝF%ӝ4XӕFSKzQJ
 NJj\&KtQKSKӫ9LӋW1DPWX\rQEӕJLDQKұS&{QJѭӟFYӅ+jQJNK{QJGkQGөQJTXӕFWӃ&KLFDJR
7KHRĈLӅXFӫD&{QJѭӟF+jQJNK{QJGkQGөQJ9LӋW1DPFKtQKWKӭFWUӣWKjQKWKjQKYLrQFӫD7әFKӭF
+jQJNK{QJGkQGөQJTXӕFWӃ,&$2QJj\
 1Jj\+ӝLÿӗQJ%ӝWUѭӣQJUD4X\ӃWÿӏQKVӕ+Ĉ%7WKjQKOұS&өF+jQJNK{QJGkQGөQJ9LӋW
1DPWUӵFWKXӝF%ӝ*LDRWK{QJYұQWҧLYj%ѭXÿLӋQ.
 7ӯWKiQJQăP1JjQK+.''9LӋW1DPÿmFKtQKWKӭFKRҥWÿӝQJWKHRFѫFKӃPӟL WKHRKѭӟQJWiFKNKӕL
TXҧQOêQKjQѭӟFUDNKӓLNKӕLVҧQ[XҩWNLQKGRDQK
 &өF+jQJNK{QJ9LӋW1DPOjFѫTXDQTXҧQOêQKjQѭӟFYӅFKX\rQQJjQK+.''9LӋW1DPWURQJFҧQѭӟF
 &iFÿѫQYӏVҧQ[XҩWNLQKGRDQKFyGRDQKQJKLӋSWURQJÿyKmQJ+jQJNK{QJTXӕFJLD9LӋW1DP9LHWQDP
$LUOLQHVOjGRDQKQJKLӋSOӟQQKҩW
/ӏFKVӱ«WLӃSWKHR
6ӵSKiWWULӇQFӫD/XұW+.''9LӋW1DP
 1Jj\4XӕFKӝLOҫQÿҫXWLrQWK{QJTXD/XұWHKDD 9LӋW1DP
 NJj\4XӕFKӝLWK{QJTXD/XұWVӱDÿәLEәVXQJPӝWVӕÿLӅX/XұW+.''91ÿmEDQKjQK
QJj\1ӝLGXQJVӱDÿәLEәVXQJQKLӋPYөTXҧQOê1KjQѭӟFYӅKjQJNK{QJGkQGөQJ
TXҧQOêED\TXҧQOêYjNKDLWKiFFҧQJKjQJNK{QJVkQED\F{QJWiFDQQLQKDQWRjQKjQJNK{QJ
 Ngày 29/6/2006, 4XӕF+ӝLWK{QJTXD/XұW6ӕ4+ sӱDÿәL/XұW+.''ÿѭӧFEDQKjQKQăP
/XұWVӱDÿәLFyKLӋXOӵFWӯQJj\
 Ngày 21/11/20144XӕF+ӝLWK{QJTXD/XұWVӕ4+, sӱDÿәLEәVXQJPӝWVӕÿLӅXFӫD/XұW
HKDD 9LӋW1DP/XұWQj\FyKLӋXOӵFWӯQJj\
 0ӝWVӕYăQEҧQSKiSOXұWÿѭӧFEDQKjQKNqPWKHR/XұW+.''JӗP
 1JKӏÿӏQK9ӅWăQJPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD QJѭӡLYұQFKX\ӇQWURQJYұQ
FKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ 6ӕ1Ĉ-CP, ngày 26/8/2020
 1JKӏÿӏQK4X\ÿӏQKYӅFiFQJjQKQJKӅNLQKGRDQKFyÿLӅXNLӋQWURQJOƭQKYӵFKjQJNK{QJGkQGөQJVӕ
1Ĉ-CP ngày 15/9/2022
 1JKӏÿӏQK4X\ÿӏQK[ӱSKҥWYLSKҥPKjQKFKtQKWURQJOƭQKYӵF+.''Vӕ1Ĉ-CP ngày 28/12/2021
 7K{QJWѭ9ӅTXҧQOêJLiGӏFKYөYұQFKX\ӇQKjQJNK{QJQӝLÿӏDYjJLiGӏFKYөFKX\rQQJjQKKjQJ
NK{QJVӕ77-BGTVT ngày 27/05/2022  6Z^ Y
વSM GFS M SM )FSM R H [ગY UMઓR SLZ^ MNભR HએR MઋS HM RFSL [ Y Z GF^ 6Z^ Y
વSM GFS M SM )FSM R H [ગY UMઓR SLZ^ MNભR HએR MઋS HM RFSL Q S Y Z GF^ 8 6ࣤ-(-0 3L ^
*LӟLWKLӋX/XұW+.''9LӋW1DPÿѭӧFVӱDÿәLQăP
/XұWJӗPFKѭѫQJÿLӅXNKRҧQ
CKѭѫQJI - NKӳQJTX\ÿӏQKFKXQJ ĈLӅX– 12)
CKѭѫQJII - Tàu bay ĈLӅX– 46)
 MөF- QXӕFWӏFKWjXED\ ĈLӅX– 16)
 MөF- TLrXFKXҭQÿӫÿLӅXNLӋQED\ ĈLӅX– 21)
 MөF- Khai thác tàu bay ĈLӅX– 27)
 MөF- QX\ӅQÿӕLYӟLWjXED\ ĈLӅX– 34)
 MөF- Thuê, cho thuê tàu bay ĈLӅX– 40)
 MөF- ĈuQKFKӍWKӵFKLӋQFKX\ӃQED\WҥPJLӳEҳWJLӳWjXED\ ĈLӅX– 46)
CKѭѫQJIII - CҧQJKjQJNK{QJVkQED\ ĈLӅX– 67)
 0өF- QX\ÿӏQKFKXQJ ĈLӅX– 55)
 0өF- QX\KRҥFKÿҫXWѭ[k\GӵQJFҧQJKjQJNK{QJVkQED\ ĈLӅX– 58)
 0өF- QXҧQOêQKjQѭӟFWҥLFҧQJKjQJNK{QJVkQED\ ĈLӅX– 61)
 0өF- KKDLWKiFFҧQJKjQJNK{QJVkQED\ ĈLӅX– 67)
CKѭѫQJIV - Nhân viên hàng không ĈLӅX– 78)
 0өF- QX\ÿӏQKFKXQJ ĈLӅX– 70)
 0өF- TәED\ ĈLӅX– 78)
&KѭѫQJ9- +RҥWÿӝQJED\ ĈLӅX– 108)
 0өF- QXҧQOêKRҥWÿӝQJED\ ĈLӅX– 94)
 0өF- BҧRÿҧPKRҥWÿӝQJED\ ĈLӅX– 100)
 0өF- TuPNLӃPFӭXQҥQ ĈLӅX– 103)
 0өF- ĈLӅXWUDVӵFӕWDLQҥQWjXED\ ĈLӅX– 108)
CKѭѫQJVI - VұQFKX\ӇQKjQJNK{QJ ĈLӅX– 159)
 0өF- DRDQKQJKLӋSYұQFKX\ӇQKjQJNK{QJ ĈLӅX– 111)
 0өF- KKDLWKiFYұQFKX\ӇQKjQJNK{QJ ĈLӅX– 127)
 0өF- VұQFKX\ӇQKjQJKyD ĈLӅX– 142)
 0өF- VұQFKX\ӇQKjQKNKiFKKjQKOê ĈLӅX– 150)
 0өF- VұQFKX\ӇQWKHRKӧSÿӗQJYjYұQFKX\ӇQWKӵFWӃ ĈLӅX– 156)
 0өF- VұQFKX\ӇQKjQJKyDÿһFELӋW ĈLӅX– 159)
CKѭѫQJVII - TUiFKQKLӋPGkQVӵ ĈLӅX– 189)
 0өF- QX\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQ ĈLӅX– 174)
 0өF- TUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQJѭӡLWKӭEDӣPһWÿҩW ĈLӅX– 178)
 0өF- TUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLNKLWjXED\YDFKҥPKRһFFҧQWUӣQKDX ĈLӅX– 189)
CKѭѫQJVIII - An ninh hàng không ĈLӅX– 197)
CKѭѫQJIX - HRҥWÿӝQJKjQJNK{QJFKXQJ ĈLӅX– 201)
CKѭѫQJX - ĈLӅXNKRҧQWKLKjQK ĈLӅX
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DP
ĈLӅX3KҥPYLÿLӅXFKӍQK
 /XұWQj\TX\ÿӏQKYӅKRҥWÿӝQJHKD 
D EDRJӗPFiFTX\ÿӏQKYӅWjXED\FҧQJKjQJ
NK{QJVkQED\QKkQYLrQKjQJNK{QJKRҥWÿӝQJED\YұQFKX\ӇQKjQJNK{QJDQQLQK
KjQJNK{QJWUiFKQKLӋPGkQVӵKRҥWÿӝQJKjQJNK{QJFKXQJYjFiFKRҥWÿӝQJNKiFFy OLrQTXDQÿӃQHKDD.
 /XұWQj\không TX\ÿӏQKYӅKRҥWÿӝQJFӫDWjXED\F{QJYөEDRJӗPWjXED\TXkQVӵ
WjXED\FKX\rQGөQJFӫDOӵFOѭӧQJKҧLTXDQF{QJDQYjFiFWjXED\NKiFVӱGөQJFKR
PөFÿtFKF{QJYөQKjQѭӟFWUӯWUѭӡQJKӧSWjXED\F{QJYөÿѭӧFGQJYjRPөFÿtFK
GkQGөQJKRһFQKӳQJWUѭӡQJKӧSNKiFÿѭӧF/XұWKjQJNK{QJGkQGөQJ9LӋW1DPTX\ ÿӏQK
ĈLӅXĈӕLWѭӧQJiSGөQJ
 7әFKӭFFiQKkQ9LӋW1DPYjWәFKӭFFiQKkQQѭӟFQJRjLKRҥWÿӝQJKjQJNK{QJGkQ
GөQJWҥL9LӋW1DP
 7әFKӭFFiQKkQ9LӋW1DPKRҥWÿӝQJKjQJNK{QJGkQGөQJӣQѭӟFQJRjLQӃXSKiSOXұW
FӫDQѭӟFQJRjLNK{QJFyTX\ÿӏQKNKiF
 7әFKӭFFiQKkQ9LӋW1DPYjWәFKӭFFiQKkQQѭӟFQJRjLKRҥWÿӝQJKjQJNK{QJGkQ
GөQJӣYQJWK{QJEiRED\GR9LӋW1DPTXҧQOê
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DPWLӃSWKHR
ĈLӅXÈSGөQJSKiSOXұW
 ĈӕLYӟLQKӳQJTXDQKӋ[mKӝLSKiWVLQKWӯKRҥWÿӝQJKjQJNK{QJGkQGөQJkhông ÿѭӧF
/XұWQj\ÿLӅXFKӍQKWKuiSGөQJFiFTX\ÿӏQKSKiSOXұWWѭѫQJӭQJFӫD9LӋW1DP
 7UѭӡQJKӧSFyVӵNKiFQKDXJLӳDTX\ÿӏQKFӫD/XұWQj\YӟLTX\ÿӏQKFӫDOXұWNKiFYӅ
FQJPӝWQӝLGXQJOLrQTXDQÿӃQKRҥWÿӝQJKjQJNK{QJGkQGөQJWKuiSGөQJTX\ÿӏQK FӫD/XұWQj\
 7UѭӡQJKӧSÿLӅXѭӟFTXӕFWӃPj&ӝQJKzD[mKӝLFKӫQJKƭD9LӋW1DPOjWKjQKYLrQFy
TX\ÿӏQKNKiFYӟLTX\ÿӏQKFӫD/XұWQj\WKuiSGөQJTX\ÿӏQKFӫDÿLӅXѭӟFTXӕFWӃÿy
ĈLӅX1JX\rQWҳFiSGөQJSKiSOXұWNKLFy[XQJÿӝWSKiSOXұW
 3KiSOXұWFӫDTXӕFJLDÿăQJNêTXӕFWӏFKWjXED\ÿѭӧFiSGөQJÿӕLYӟLTXDQKӋ[mKӝL
SKiWVLQKWURQJWjXED\ÿDQJED\YjiSGөQJÿӇ[iFÿӏQKFiFTX\ӅQÿӕLYӟLWjXED\
 3KiSOXұWFӫDTXӕFJLDQѫLNêNӃWKӧSÿӗQJOLrQTXDQÿӃQFiFTX\ӅQÿӕLYӟLWjXED\
ÿѭӧFiSGөQJÿӇ[iFÿӏQKKuQKWKӭFFӫDKӧSÿӗQJ
 3KiSOXұWFӫDTXӕFJLDQѫLWKӵFKLӋQYLӋFFӭXKӝKRһFJLӳJuQWjXED\ÿѭӧFiSGөQJÿӕL
YӟLYLӋFWUҧWLӅQF{QJFӭXKӝKRһFJLӳJuQWjXED\ÿy
 3KiSOXұWFӫDTXӕFJLDQѫL[ҧ\UDWDLQҥQGRWjXED\YDFKҥPKRһFJk\FҧQWUӣQKDXGR
WjXED\ÿDQJED\Jk\WKLӋWKҥLFKRQJѭӡLWKӭEDӣPһWÿҩWÿѭӧFiSGөQJÿӕLYӟLYLӋFEӗL WKѭӡQJWKLӋWKҥL
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DPWLӃSWKHR
ĈLӅX1ӝLGXQJTXҧQOêQKjQѭӟFYӅKjQJNK{QJGkQGөQJ
1. %DQKjQKYjWәFKӭFWKӵFKLӋQYăQEҧQTX\SKҥPSKiSOXұWÿӏQKPӭFNLQKWӃ- NӻWKXұWWLrX
FKXҭQTX\FKXҭQNӻWKXұWTX\FKӃTX\WUuQKYӅKjQJNK{QJGkQGөQJ
2. ;k\GӵQJFKӍÿҥRWKӵFKLӋQFKLӃQOѭӧFTX\KRҥFKNӃKRҥFKSKiWWULӇQQJjQKHKDD
3. 4XҧQOêYӅKRҥWÿӝQJED\GkQGөQJWURQJOmQKWKәVN YjӣYQJWK{QJEiRED\GRVN TXҧQ
OêTXҧQOêYLӋFÿҫXWѭ[k\GӵQJFѫVӣFXQJFҩSGӏFKYөKӋWKӕQJNӻWKXұWWUDQJEӏWKLӃWEӏ
EҧRÿҧPKRҥWÿӝQJED\
4. 4X\KRҥFKTXҧQOêYLӋFÿҫXWѭ[k\GӵQJWәFKӭFNKDLWKiFFҧQJKjQJNK{QJVkQED\
5. 4XҧQOêKRҥWÿӝQJYұQFKX\ӇQKjQJNK{QJ
6. ĈăQJNêWjXED\YjÿăQJNêFiFTX\ӅQÿӕLYӟLWjXED\
7. 4XҧQOêYLӋFWKLӃWNӃSXNKDLWKiFVӱDFKӳDEҧRGѭӥQJXK, NK WjXED\ÿӝQJFѫWjXED\
WUDQJWKLӃWEӏFӫDWjXED\YjFiFWUDQJEӏWKLӃWEӏYұWWѭNKiFSKөFYөKRҥWÿӝQJHKDD.
8. &ҩSF{QJQKұQFKӭQJFKӍJLҩ\SKpSJLҩ\FKӭQJQKұQYjFiFJLҩ\WӡWjLOLӋXNKiF
9. 4XҧQOêYLӋFEҧRÿҧPDQQLQKDQWRjQHKDD và các FKX\ӃQED\FKX\rQFѫÿһFELӋW
10. 4XҧQOêKRҥWÿӝQJWuPNLӃPFӭXQҥQYjÿLӅXWUDVӵFӕWDLQҥQWjXED\
11. +ӧSWiFTXӕFWӃYӅKjQJNK{QJGkQGөQJ
12. 4XҧQOêYLӋFÿjRWҥRYjSKiWWULӇQQJXӗQQKkQOӵFHKDDJLiPÿӏQKVӭFNKӓHQKkQYLrQ
13. 4XҧQOêKRҥWÿӝQJNKRDKӑFF{QJQJKӋEҧRYӋP{LWUѭӡQJSKzQJWUiQKWKLrQWDL…
14. 4XҧQOêJLiSKtYjOӋSKtWURQJKRҥWÿӝQJKjQJNK{QJGkQGөQJ
15. .LӇPWUDWKDQKWUDJLҧLTX\ӃWNKLӃXQҥLWӕFiRYj[ӱOêYLSKҥPWURQJKRҥWÿӝQJHKDD.
0ӝWVӕYҩQÿӅFKXQJFӫD/XұW+.''9LӋW1DPWLӃSWKHR
3KtOӋSKtYjJLiGӏFKYөFKX\rQQJjQKKjQJNK{QJ(xem ĈLӅX)
 3KtOӋSKtchuyên ngành hàng không (%ӝ7jLFKtQKTX\ÿӏQKPӭFSKtOӋSKtWKHRÿӅQJKӏ FӫD%ӝGTVT):
 3KtED\TXDYQJWUӡL9LӋW1DPSKtQKѭӧQJTX\ӅQNKDLWKiFYjSKtNKiFWKHRTX\ÿӏQKFӫD
SKiSOXұWYӅSKtYjOӋSKt
 /ӋSKtFҩSFKӭQJFKӍJLҩ\SKpSJLҩ\FKӭQJQKұQOLrQTXDQÿӃQKRҥWÿӝQJHKDD
 *LiGӏFKYөKjQJNK{QJEDRJӗP
 *LiGӏFKYөFҩWFiQKKҥFiQKJLiGӏFKYөÿLӅXKjQKED\ÿLÿӃQJLiGӏFKYөKӛWUӧEҧRÿҧP
KRҥWÿӝQJED\JLiSKөFYөKjQKNKiFKJLiEҧRÿҧPDQQLQKKjQJNK{QJYjJLiGӏFKYөÿLӅX
KjQKED\TXDYQJWK{QJEiRED\GR9LӋW1DPTXҧQOê Î %ӝGTVT TX\ÿӏQKPӭFJLiWUrQFѫ
VӣSKѭѫQJSKiSÿӏQKJLiWKHRTX\ÿӏQKFӫD%ӝ7jLFKtQK
 *LiGӏFKYөKjQJNK{QJNKiF Î DN TX\ӃWÿӏQKPӭFJLiYjWURQJNKXQJJLiGR%ӝ*797TX\
ÿӏQKYjWKӵFKLӋQNrNKDLJLiYӟL%ӝ*797
 *LiGӏFKYөSKLKjQJNK{QJEDRJӗP
 *LiWKXrPһWEҵQJJLiGӏFKYөWKLӃW\ӃXWҥLFҧQJKjQJNK{QJVkQED\ Î DN TX\ӃWÿӏQKPӭF
giá và WURQJNKXQJJLiGR%ӝ*797TX\ÿӏQKYjWKӵFKLӋQNrNKDLJLiYӟL%ӝ*797
 *LiGӏFKYөSKLKjQJNK{QJNKiFWҥLFҧQJKjQJNK{QJVkQED\ Î DN TX\ӃWÿӏQKPӭFJLiYj
WKӵFKLӋQQLrP\ӃWJLiWKHRTX\ÿӏQK
9ұQFKX\ӇQKjQJNK{QJFKѭѫQJ9,
0өF– 'RDQKQJKLӋSYұQFKX\ӇQKjQJNK{QJ
ĈLӅX.LQKGRDQKYұQFKX\ӇQKjQJNK{QJ
 9ұQFKX\ӇQKjQJNK{QJOjYLӋFYұQFKX\ӇQKjQKNKiFKKjQKOêKjQJKyDEѭXJӱLEҵQJÿѭӡQJ
KjQJNK{QJ9ұQFKX\ӇQKjQJNK{QJEDRJӗPYұQFKX\ӇQKjQJNK{QJWKѭӡQJOӋYjYұQFKX\ӇQ
KjQJNK{QJNK{QJWKѭӡQJOӋ
 9ұQFKX\ӇQKjQJNK{QJWKѭӡQJOӋOjYLӋFYұQFKX\ӇQEҵQJFiFFKX\ӃQED\ÿѭӧFWKӵFKLӋQÿӅX
ÿһQWKHROӏFKÿѭӧFF{QJEӕYjÿѭӧFPӣF{QJNKDLFKRF{QJFK~QJVӱGөQJ
 9ұQFKX\ӇQKjQJNK{QJNK{QJWKѭӡQJOӋOjYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJNK{QJFy
ÿӫFiF\ӃXWӕFӫDYұQFKX\ӇQKjQJNK{QJWKѭӡQJOӋ
 KD YұQFKX\ӇQKjQJNK{QJOjQJjQKKD FyÿLӅXNLӋQYjGRDN YұQFKX\ӇQKjQJNK{QJWKӵFKLӋQ
JӑLWҳWlà hãng hàng không).
ĈLӅXĈLӅXNLӋQFҩS*Lҩ\SKpSNLQKGRDQKYұQFKX\ӇQKjQJNK{QJ
ĈLӅXĈLӅXOӋYұQFKX\ӇQ
 ĈLӅXOӋYұQFKX\ӇQOjEӝSKұQFҩXWKjQKFӫDKӧSÿӗQJYұQFKX\ӇQKjQJNK{QJTX\ÿӏQKFiFÿLӅX
NLӋQFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟLYLӋFYұQFKX\ӇQKjQKNKiFKKjQKOêKjQJKyDEѭXJӱL
 ĈLӅXOӋYұQFKX\ӇQNK{QJÿѭӧFWUiLYӟLTX\ÿӏQKFӫD/XұW+.''9LӋW1DPYjTX\ÿӏQKFӫDÿLӅX
ѭӟFTXӕFWӃPj9LӋW1DPOjWKjQKYLrQ
 +mQJKjQJNK{QJFyWUiFKQKLӋPEDQKjQKĈLӅXOӋYұQFKX\ӇQYjÿăQJNêYӟL%ӝGTVT
0өF– .KDLWKiFYұQFKX\ӇQKjQJNK{QJ
ĈLӅX4X\ӅQYұQFKX\ӇQKjQJNK{QJ
 4X\ӅQYұQFKX\ӇQKjQJNK{QJOjTX\ӅQNKDLWKiFWKѭѫQJPҥLYұQFKX\ӇQKjQJNK{QJ
YӟLFiFÿLӅXNLӋQYӅKmQJKjQJNK{QJÿѭӡQJED\WjXED\NKDLWKiFFKX\ӃQED\YjÿӕL WѭӧQJYұQFKX\ӇQ
 Hãng hàng không KD YұQFKX\ӇQKjQJNK{QJWURQJSKҥPYLTX\ӅQYұQFKX\ӇQKjQJ
NK{QJGR%ӝGTVT FҩSNK{QJÿѭӧFPXDEiQTX\ӅQYұQFKX\ӇQKjQJNK{QJWKӵFKLӋQ
FiFKjQKYLKҥQFKӃFҥQKWUDQKEӏFҩPKRһFFҥQKWUDQKNK{QJOjQKPҥQKNK{QJÿѭӧF
VӱGөQJWKѭѫQJKLӋXEDRJӗPWrQWKѭѫQJPҥLYjQKmQKLӋXJk\QKҫPOүQYӟLKmQJ
KjQJNK{QJNKiFNK{QJÿѭӧFQKѭӧQJKRһFQKұQTX\ӅQKD YұQFKX\ӇQKjQJNK{QJ
 +mQJKjQJNK{QJWKӵFKLӋQFiFKRҥWÿӝQJ[~FWLӃQWKѭѫQJPҥLYjKD YұQFKX\ӇQKjQJ
NK{QJVDXNKLÿѭӧF%ӝGTVT FҩSTX\ӅQYұQFKX\ӇQKjQJNK{QJ
ĈLӅX7KӫWөFFҩSTX\ӅQYұQFKX\ӇQKjQJNK{QJ
ĈLӅX4X\ӅQYұQFKX\ӇQKjQJNK{QJTXӕFWӃ
ĈLӅX4X\ӅQYұQFKX\ӇQKjQJNK{QJQӝLÿӏD
ĈLӅX*LiGӏFKYөYұQFKX\ӇQKjQJNK{QJ
ĈLӅX9ұQFKX\ӇQKӛQKӧS
ĈLӅX9ұQFKX\ӇQNӃWLӃS
0өF– .KDLWKiFYұQFKX\ӇQKjQJNK{QJWLӃSWKHR
ĈLӅX9ұQFKX\ӇQKӛQKӧS(7URQJWUѭӡQJKӧSYLӋFYұQFKX\ӇQÿѭӧFWKӵFKLӋQPӝW
SKҫQEҵQJÿѭӡQJKjQJNK{QJYjPӝWSKҫQEҵQJSKѭѫQJWKӭFYұQWҧLNKiFWKuFiFTX\ÿӏQK
FӫD/XұWQj\FKӍiSGөQJÿӕLYӟLSKҫQYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ&iFErQWURQJ
KӧSÿӗQJYұQFKX\ӇQKjQJNK{QJFyTX\ӅQJKLYjRYұQÿѫQKjQJNK{QJELrQODLKjQJKyD
YpKjQKNKiFKFiFÿLӅXNLӋQOLrQTXDQÿӃQYLӋFYұQFKX\ӇQEҵQJSKѭѫQJWKӭFYұQWҧLNKiF)
ĈLӅX9ұQFKX\ӇQNӃWLӃS ĈLӅX&{QJѭӟF0RQWUHDO
 VұQFKX\ӇQKjQJNK{QJGRQKӳQJQJѭӡLYұQFKX\ӇQNKiFQKDXNӃWLӃSWKӵFKLӋQWKuPӛL
QJѭӡLYұQFKX\ӇQNӃWLӃSÿѭӧFFRLOjPӝWWURQJFiFErQFӫDKӧSÿӗQJYұQFKX\ӇQ
 TUѭӡQJKӧSYұQFKX\ӇQKjQKNKiFKWKuKjQKNKiFKKRһFQJѭӡLFyTX\ӅQ\rXFҫXEӗL
WKѭӡQJFyWKӇNKӣLNLӋQEҩWNǤQJѭӡLYұQFKX\ӇQNӃWLӃSQjRQӃXWURQJTXiWUuQKYұQ
FKX\ӇQ[ҧ\UDWDLQҥQYұQFKX\ӇQFKұPWUӯWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQÿҫXWLrQÿm
QKұQWUiFKQKLӋPÿӕLYӟLWRjQEӝKjQKWUuQKYұQFKX\ӇQ
 TUѭӡQJKӧSYұQFKX\ӇQKjQKOêKjQJKyDWKuKjQKNKiFKKRһFQJѭӡLJӱLKjQJFyTX\ӅQ
NKӣLNLӋQQJѭӡLYұQFKX\ӇQÿҫXWLrQKjQKNKiFKKRһFQJѭӡLQKұQKjQJFyTX\ӅQ
NKӣLNLӋQQJѭӡLYұQFKX\ӇQFXӕLFQJPӛLQJѭӡLYұQFKX\ӇQFyTX\ӅQNKӣLNLӋQ
QJѭӡLYұQFKX\ӇQÿmWKӵFKLӋQYLӋFYұQFKX\ӇQPjWURQJTXiWUuQKÿyÿm[ҧ\UDPҩWPiW
WKLӃXKөWKѭKӓQJKRһFYұQFKX\ӇQFKұP1KӳQJQJѭӡLYұQFKX\ӇQQj\SKҧLFKӏXWUiFK
QKLӋPOLrQÿӟLÿӕLYӟLKjQKNKiFKKRһFQJѭӡLJӱLKjQJQJѭӡLQKұQKjQJ
0өF– .KDLWKiFYұQFKX\ӇQKjQJNK{QJWLӃSWKHR
ĈLӅXĈѫQJLҧQKyDWKӫWөFWURQJYұQFKX\ӇQKjQJNK{QJ
ĈLӅX9ұQFKX\ӇQTXӕFWӃNӃWKӧSQKLӅXÿLӇPWҥL9LӋW1DP
ĈLӅX%iRFiRYjFXQJFҩSVӕOLӋXWKӕQJNr
ĈLӅX+RҥWÿӝQJNLQKGRDQKGӏFKYөYұQFKX\ӇQKjQJNK{QJ
 Hãng hàng không VNKmQJKjQJNK{QJQѭӟFQJRjLÿѭӧFSKpSEiQKRһF[XҩWYpKjQKNKiFK
YұQÿѫQKjQJNK{QJWUӵFWLӃSWҥLYăQSKzQJEiQYpÿҥLOêEiQYpWUrQFѫVӣKӧSÿӗQJFKӍÿӏQKÿҥL
OêKRһFWK{QJTXDJLDRGӏFKÿLӋQWӱ9ăQSKzQJEiQYpOjFKLQKiQKFӫDKmQJKjQJNK{QJWKӵF
KLӋQQKLӋPYөEiQYpFӫDKmQJ
 +mQJKjQJNK{QJQѭӟFQJRjLKRҥWÿӝQJKD GӏFKYөYұQFKX\ӇQKjQJNK{QJWҥLVN ÿѭӧFTX\ӅQ
WKDQKWRiQFKX\ӇQÿәLYjFKX\ӇQQJRҥLWӋUDQѭӟFQJRjLWKHRTX\ÿӏQKFӫDSKiSOXұWVN YjÿLӅX
ѭӟFTXӕFWӃPjVN là thành viên.
ĈLӅXĈLӅXNLӋQWKӫWөFPӣYăQSKzQJÿҥLGLӋQYăQSKzQJEiQYpFӫDKmQJKjQJ
NK{QJQѭӟFQJRjL
ĈLӅX4X\ӅQYjQJKƭDYөFӫDYăQSKzQJÿҥLGLӋQYăQSKzQJEiQYpFӫDKmQJ
KjQJNK{QJQѭӟFQJRjL
ĈLӅX+ӋWKӕQJÿһWJLӳFKӛEҵQJPi\WtQK
ĈLӅX.LӇPWUDWKDQKWUDNKDLWKiFYұQFKX\ӇQKjQJNK{QJ
0өF– 9ұQFKX\ӇQKjQJKRi
ĈLӅX+ӧSÿӗQJYұQFKX\ӇQKjQJKyD
 +ӧSÿӗQJYұQFKX\ӇQKjQJKyDOjVӵWKӓDWKXұQJLӳDQJѭӡLYұQFKX\ӇQYjQJѭӡLWKXrYұQ
FKX\ӇQWKHRÿyQJѭӡLYұQFKX\ӇQFyQJKƭDYөYұQFKX\ӇQKjQJÿӃQÿӏDÿLӇPÿӃQYjWUҧKjQJ
FKRQJѭӡLFyTX\ӅQQKұQQJѭӡLWKXrYұQFKX\ӇQFyQJKƭDYөWKDQKWRiQJLiGӏFKYөYұQFKX\ӇQ
 9ұQÿѫQKjQJNK{QJFiFWKӓDWKXұQNKiFEҵQJYăQEҧQJLӳDKDLErQĈLӅXOӋYұQFKX\ӇQEҧQJ
JLiGӏFKYөYұQFKX\ӇQOjWjLOLӋXFӫDKӧSÿӗQJYұQFKX\ӇQKjQJKyD
ĈLӅX9ұQÿѫQKjQJNK{QJYjELrQODLKjQJKyD
 9ұQÿѫQKjQJNK{QJOjFKӭQJWӯYұQFKX\ӇQKjQJKyDEҵQJÿѭӡQJKjQJNK{QJYjOjEҵQJFKӭQJ
FӫDYLӋFJLDRNӃWKӧSÿӗQJYLӋFÿmWLӃSQKұQKjQJKyDYjFiFÿLӅXNLӋQFӫDKӧSÿӗQJ
 9ұQÿѫQKjQJNK{QJSKҧLÿѭӧFVӱGөQJNKLYұQFKX\ӇQKjQJKyDEҵQJÿѭӡQJKjQJNK{QJ
7URQJWUѭӡQJKӧSSKѭѫQJWLӋQOѭXJLӳWK{QJWLQYӅYұQFKX\ӇQKjQJKyDÿѭӧFVӱGөQJWKD\WKӃ
FKRYLӋF[XҩWYұQÿѫQKjQJNK{QJWKuWKHR\rXFҫXFӫDQJѭӡLJӱLKjQJQJѭӡLYұQFKX\ӇQ[XҩW
ELrQODLKjQJKyDFKRQJѭӡLJӱLKjQJÿӇQKұQELӃWKjQJKyD
 1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJFKRQJѭӡLJӱLKjQJYӅWKLӋWKҥLGROӛLFӫDPuQK
QKkQYLrQÿҥLOêFӫDPuQKJk\UDGRYLӋFQKұSNK{QJFKtQK[iFNK{QJÿҫ\ÿӫKRһFNK{QJÿ~QJ
TX\FiFKWK{QJWLQGRQJѭӡLJӱLKjQJFXQJFҩSYjRFiFSKѭѫQJWLӋQOѭXJLӳWK{QJWLQ
 9LӋFJLDRNӃWKӧSÿӗQJYұQFKX\ӇQKjQJKyDPjWKLӃXPӝWKRһFPӝWVӕQӝLGXQJTX\ÿӏQKWҥLFiF
ÿLӅXYjNK{QJOjPҧQKKѭӣQJÿӃQVӵWӗQWҥLYjJLiWUӏSKiSOêFӫDKӧSÿӗQJ
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX1ӝLGXQJFӫDYұQÿѫQKjQJNK{QJYjELrQODLKjQJKyD
 ĈӏDÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQ
 ĈӏDÿLӇPGӯQJWKӓDWKXұQWURQJWUѭӡQJKӧSYұQFKX\ӇQFyÿӏDÿLӇP[XҩWSKiWÿӏDÿLӇP
ÿӃQӣOmQKWKәFӫDFQJPӝWTXӕFJLDYjFyPӝWKRһFQKLӅXÿӏDÿLӇPGӯQJWKӓDWKXұQӣ
OmQKWKәFӫDTXӕFJLDNKiF
 7UӑQJOѭӧQJKjQJKyDORҥLKjQJKyD
ĈLӅX/ұSYұQÿѫQKjQJNK{QJ
 9ұQÿѫQKjQJNK{QJGRQJѭӡLJӱLKjQJOұSWKjQKEDEҧQFKtQK%ҧQWKӭQKҩWGRQJѭӡL
JӱLKjQJNêÿѭӧFJLDRFKRQJѭӡLYұQFKX\ӇQ%ҧQWKӭKDLGRQJѭӡLJӱLKjQJYjQJѭӡL
YұQFKX\ӇQNêÿѭӧFJLDRFKRQJѭӡLQKұQKjQJ%ҧQWKӭEDGRQJѭӡLYұQFKX\ӇQNê
ÿѭӧFJLDRFKRQJѭӡLJӱLKjQJVDXNKLQKұQKjQJ ÿӇYұQFKX\ӇQ.
 &KӳNêFӫDQJѭӡLYұQFKX\ӇQYjQJѭӡLJӱLKjQJFyWKӇÿѭӧFLQKRһFÿyQJGҩX
 1JѭӡLYұQFKX\ӇQOұSYұQÿѫQKjQJNK{QJWKHR\rXFҫXFӫDQJѭӡLJӱLKjQJÿѭӧFFRLOj
KjQKÿӝQJWKD\PһWQJѭӡLJӱLKjQJQӃXNK{QJFyVӵFKӭQJPLQKQJѭӧFOҥL
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX*Lҩ\WӡYӅWtQKFKҩWFӫDKjQJKyD(7URQJWUѭӡQJKӧSFҫQWKLӃWQJѭӡL
JӱLKjQJSKҧL[XҩWWUuQKFiFJLҩ\WӡFKӍU}WtQKFKҩWFӫDKjQJKyDWKHR\rXFҫXFӫD
FѫTXDQKҧLTXDQF{QJDQYjFѫTXDQNKiFFyWKҭPTX\ӅQ4X\ÿӏQKQj\NK{QJOjP
SKiWVLQKWKrPEҩWNǤWUiFKQKLӋPKRһFQJKƭDYөQjRFӫDQJѭӡLYұQFKX\ӇQ)
ĈLӅX9ұQÿѫQKjQJNK{QJYjELrQODLKjQJKyDYұQFKX\ӇQQKLӅXNLӋQ
hàng hóa (.KLYұQFKX\ӇQQKLӅXNLӋQKjQJKyDQJѭӡLYұQFKX\ӇQFyTX\ӅQ\rX
FҫXQJѭӡLJӱLKjQJOұSYұQÿѫQULrQJELӋWFKRWӯQJNLӋQKjQJKyD7URQJWUѭӡQJ
KӧSSKѭѫQJWLӋQOѭXJLӳWK{QJWLQYӅYұQFKX\ӇQKjQJKyDÿѭӧFVӱGөQJWKD\WKӃ
FKRYLӋF[XҩWYұQÿѫQKjQJNK{QJWKHRTX\ÿӏQKWҥLNKRҧQĈLӅXFӫD/XұWQj\
WKuQJѭӡLJӱLKjQJFyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQ[XҩWELrQODLKjQJKyDULrQJ
ELӋWFKRWӯQJNLӋQKjQJKyD)
ĈLӅX&iFWUѭӡQJKӧSKjQJKyDEӏWӯFKӕLYұQFKX\ӇQ
 +jQJKyDÿѭӧFYұQFKX\ӇQNK{QJÿ~QJYӟLORҥLKjQJKyDÿmWKӓDWKXұQ
 1JѭӡLJӱLKjQJNK{QJWXkQWKӫÿLӅXNLӋQYjKѭӟQJGүQFӫDQJѭӡLYұQFKX\ӇQYӅEDREu
ÿyQJJyLNêKLӋXPmKLӋXKjQJKyD
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX7UiFKQKLӋPFӫDQJѭӡLJӱLKjQJWURQJYLӋFFXQJFҩSWK{QJWLQ
 &KӏXWUiFKQKLӋPYӅWtQKFKtQK[iFFӫDWK{QJWLQYjWX\rQEӕOLrQTXDQÿӃQKjQJKyDÿѭӧFJKL
WURQJYұQÿѫQKjQJNK{QJKRһFÿѭӧFFXQJFҩSÿӇOѭXJLӳWK{QJWLQWURQJSKѭѫQJWLӋQÿLӋQWӱ
 &XQJFҩSWK{QJWLQWjLOLӋXFҫQWKLӃWWKHR\rXFҫXFӫDFѫTXDQKҧLTXDQF{QJDQYjFѫTXDQNKiF
FyWKҭPTX\ӅQWUѭӟFNKLKjQJKyDÿѭӧFJLDRFKRQJѭӡLQKұQKjQJ1JѭӡLYұQFKX\ӇQNK{QJFy
QJKƭDYөNLӇPWUDWtQKFKtQK[iFÿҫ\ÿӫFӫDWK{QJWLQKRһFWjLOLӋXPjQJѭӡLJӱLKjQJFXQJFҩS
 %ӗLWKѭӡQJWKLӋWKҥLJk\UDFKRQJѭӡLYұQFKX\ӇQKRһFWKLӋWKҥLPjQJѭӡLYұQFKX\ӇQSKҧLFKӏX
WUiFKQKLӋPGRÿmFXQJFҩSWK{QJWLQNK{QJFKtQK[iFNK{QJÿҫ\ÿӫKRһFNK{QJÿ~QJTX\FiFK
ĈLӅX7UҧKjQJKyD
 1JѭӡLYұQFKX\ӇQSKҧLWK{QJEiRFKRQJѭӡLQKұQKjQJQJD\VDXNKLKjQJKyDÿѭӧFYұQFKX\ӇQ
ÿӃQÿӏDÿLӇPÿӃQWUӯWUѭӡQJKӧSFyWKӓDWKXұQNKiF
 1JѭӡLQKұQKjQJFyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQWUҧKjQJKyDNKLKjQJKyDÿӃQÿӏDÿLӇP
ÿӃQVDXNKLWKDQKWRiQFiFFKLSKtSKKӧSYӟLÿLӅXNLӋQYұQFKX\ӇQWUӯWUѭӡQJKӧSTX\ÿӏQKWҥL
ĈLӅXFӫD/XұWQj\
 1JѭӡLQKұQKjQJKRһFQJѭӡLJӱLKjQJWKӵFKLӋQTX\ӅQNKLӃXQҥLNKӣLNLӋQQJѭӡLYұQFKX\ӇQ
WKHRTX\ÿӏQKWҥLĈLӅXFӫD/XұWQj\WURQJWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQWKӯDQKұQPҩWKjQJ
KyDKRһFQJѭӡLQKұQKjQJNK{QJQKұQÿѭӧFKjQJKyDVDXEҧ\QJj\NӇWӯQJj\KjQJKyDÿiQJ
OӁSKҧLÿѭӧFYұQFKX\ӇQÿӃQÿӏDÿLӇPÿӃQ
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX4XDQKӋJLӳDQJѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJKRһFTXDQKӋYӟLErQ WKӭED
 1JѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJFyWKӇWӵWKӵFKLӋQWҩWFҧFiFTX\ӅQFӫDPuQKTX\ÿӏQKWҥL
ĈLӅX, NK{QJSKөWKXӝFYjRYLӋFKjQKÿӝQJÿyYuOӧLtFKFӫDQJѭӡLJӱLKjQJKRһFQJѭӡLQKұQ
KjQJYӟLÿLӅXNLӋQSKҧLWKӵFKLӋQFiFQJKƭDYөWKHRKӧSÿӗQJYұQFKX\ӇQNKRҧQÿLӅX
 &iFTX\ÿӏQKӣNKRҧQYjTX\ÿӏQKWҥLĈLӅXYjĈLӅXNK{QJҧQKKѭӣQJÿӃQTXDQKӋJLӳD
QJѭӡLJӱLKjQJYjQJѭӡLQKұQKjQJFNJQJQKѭTXDQKӋYӟLErQWKӭEDFyFiFTX\ӅQSKiWVLQKWӯ
QJѭӡLJӱLKjQJKRһFWӯQJѭӡLQKұQKjQJ
 &iFQӝLGXQJTX\ÿӏQKWҥLNKRҧQÿLӅXQj\ĈLӅXYjĈLӅXFӫD/XұWQj\FyWKӇÿѭӧFFiF
ErQWKӓDWKXұQNKiFQKѭQJSKҧLÿѭӧFJKLFөWKӇWURQJYұQÿѫQKRһFELrQODLKjQJKyD
ĈLӅX*LiWUӏFKӭQJFӭFӫDYұQÿѫQKjQJNK{QJYjELrQODLKjQJKyD
 &iFGӳOLӋXJKLWURQJYұQÿѫQKRһFELrQODLKjQJKyDYӅWUӑQJOѭӧQJNtFKWKѭӟFEDRJyLYjVӕ
OѭӧQJNLӋQKjQJOjFKӭQJFӭEDQÿҫXÿӇNKLӃXQҥLKRһFNKӣLNLӋQQJѭӡLYұQFKX\ӇQ
 &iFGӳOLӋXJKLWURQJYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDYӅVӕOѭӧQJWKӇWtFKYjWuQK
WUҥQJFӫDKjQJKyDkhông FyJLiWUӏFKӭQJFӭÿӇNKLӃXQҥLKRһFNKӣLNLӋQQJѭӡLYұQFKX\ӇQWUӯ
khi FiFGӳOLӋXÿyÿmÿѭӧF[iFQKұQWURQJYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDYӅYLӋFÿm
ÿѭӧFNLӇPWUDYӟLVӵFyPһWFӫDQJѭӡLJӱLKjQJKRһFFiFGӳOLӋXQj\FyWKӇQKұQELӃWÿѭӧFU} UjQJWӯErQQJRjL
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX4X\ӅQÿӏQKÿRҥWKjQJKyD
 1JѭӡLJӱLKjQJFyTX\ӅQOҩ\OҥLKjQJKyDWҥLFҧQJKjQJNK{QJ[XҩWSKiWKRһFFҧQJKjQJ
NK{QJÿӃQJLӳKjQJWҥLEҩWNǤQѫLKҥFiQKFKRSKpSQjRWURQJKjQKWUuQK\rXFҫXJLDR
KjQJFKRQJѭӡLQKұQKjQJNKiFWҥLÿӏDÿLӇPÿӃQKRһFÿӏDÿLӇPNKiFWURQJKjQKWUuQK
\rXFҫXYұQFKX\ӇQKjQJKyDWUӣOҥLFҧQJKjQJNK{QJ[XҩWSKiW
 4X\ӅQÿӏQKÿRҥWKjQJKyDFӫDQJѭӡLJӱLKjQJNK{QJÿѭӧFWKӵFKLӋQWURQJWUѭӡQJKӧS
YLӋFWKӵFKLӋQTX\ӅQÿyFҧQWUӣKRҥWÿӝQJEuQKWKѭӡQJFӫDQJѭӡLYұQFKX\ӇQKRһFJk\
WUӣQJҥLFKRQKӳQJQJѭӡLJӱLKjQJNKiF1JѭӡLJӱLKjQJSKҧLWKDQKWRiQFKLSKtSKiW
VLQKWӯYLӋFWKӵFKLӋQTX\ӅQTX\ÿӏQKWҥLNKRҧQQj\
 7URQJWUѭӡQJKӧS\rXFҫXFӫDQJѭӡLJӱLKjQJNK{QJWKӇWKӵFKLӋQÿѭӧFWKuQJѭӡLYұQ
FKX\ӇQSKҧLWK{QJEiRQJD\FKRQJѭӡLJӱLKjQJ
 7URQJWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQWKӵFKLӋQFiF\rXFҫXFӫDQJѭӡLJӱLKjQJQKѭQJ
NK{QJOҩ\OҥLYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDÿm[XҩWFKRQJѭӡLJӱLKjQJWKu
QJѭӡLYұQFKX\ӇQSKҧLFKӏXWUiFKQKLӋPYӅFiFWKLӋWKҥLJk\UDFKREҩWNǤQJѭӡLQjRFy
TX\ӅQÿӕLYӟLYұQÿѫQKjQJNK{QJKRһFELrQODLKjQJKyDÿy
 4X\ӅQÿӏQKÿRҥWKjQJKyDFӫDQJѭӡLJӱLKjQJFKҩPGӭWNӇWӯWKӡLÿLӇPQJѭӡLQKұQ
KjQJ\rXFҫXQJѭӡLYұQFKX\ӇQJLDRKjQJKyDFKRKӑ7UѭӡQJKӧSQJѭӡLQKұQKjQJWӯ
FKӕLQKұQKjQJKRһFKjQJKyDNK{QJWKӇJLDRFKRQJѭӡLQKұQKjQJÿѭӧFWKuQJѭӡLJӱL
KjQJYүQFyTX\ӅQÿӏQKÿRҥWKjQJKyD
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX7ӯFKӕLQKұQKjQJKRһFKjQJNK{QJFyQJѭӡLQKұQ (7URQJWUѭӡQJ
KӧSQJѭӡLQKұQKjQJWӯFKӕLQKұQKjQJKRһFNK{QJFyQJѭӡLQKұQKjQJWKuQJѭӡL
YұQFKX\ӇQFyQJKƭDYөFҩWJLӳKjQJKyDYjWK{QJEiRFKRQJѭӡLJӱLKjQJ1JѭӡL
JӱLKjQJSKҧLWUҧFKLSKtSKiWVLQKGRYLӋFFҩWJLӳKjQJKyD)
ĈLӅX7KDQKOêKjQJKyD
 +jQJKyDÿѭӧFWKDQKOêWURQJWUѭӡQJKӧSQJѭӡLQKұQKjQJWӯFKӕLQKұQKjQJKRһF
KjQJKyDNK{QJWKӇJLDRFKRQJѭӡLQKұQKjQJPjQJѭӡLJӱLKjQJWӯFKӕLQKұQOҥLKjQJ
KRһFNK{QJWUҧOӡLYӅYLӋFQKұQOҥLKjQJWURQJWKӡLKҥQViXPѭѫLQJj\NӇWӯQJj\QJѭӡL
YұQFKX\ӇQWK{QJEiRFKRQJѭӡLJӱLKjQJKjQJKyDPDXKӓQJFyWKӇÿѭӧFWKDQKOê
WUѭӟFWKӡLKҥQQj\
 6ӕWLӅQWKXÿѭӧFWӯYLӋFWKDQKOêKjQJKyDVDXNKLÿmWUӯFiFFKLSKtOLrQTXDQÿӃQYLӋF
YұQFKX\ӇQFҩWJLӳYjWKDQKOêKjQJKyDSKҧLÿѭӧFWUҧOҥLFKRQJѭӡLFyTX\ӅQQKұQQӃX
KӃWWKӡLKҥQPӝWWUăPWiPPѭѫLQJj\NӇWӯQJj\WKDQKOêKjQJKyDPjQJѭӡLFyTX\ӅQ
QKұQNK{QJÿӃQQKұQWKuVӕWLӅQFzQOҥLSKҧLQӝSYjRQJkQViFKQKjQѭӟF
 %ӝ7jLFKtQKFKӫWUuSKӕLKӧSYӟL%ӝGTVT TX\ÿӏQKWKӫWөFWKDQKOêKjQJKyD
0өF– 9ұQFKX\ӇQKjQJKRiWLӃSWKHR
ĈLӅX;XҩWYұQÿѫQKjQJNK{QJWKӭFҩS
 9ұQÿѫQKjQJNK{QJWKӭFҩSOjEҵQJFKӭQJFӫDYLӋFJLDRNӃWKӧSÿӗQJJLDRQKұQKjQJ
KyDÿӇYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJJLӳDGRDQKQJKLӋSJLDRQKұQKjQJKyDYj
QJѭӡLJӱLKjQJÿLӅXNLӋQFӫDKӧSÿӗQJYjYLӋFÿmWLӃSQKұQKjQJKyDÿӇYұQFKX\ӇQ
 'RDQKQJKLӋSJLDRQKұQKjQJKyDSKҧLÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩSYӟL%ӝ
GTVT+ӗVѫÿăQJNêEDRJӗP
 ĈѫQÿӅQJKӏÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩS
 *Lҩ\FKӭQJQKұQÿăQJNêNLQKGRDQK
 0үXYұQÿѫQKjQJNK{QJWKӭFҩSSKKӧSYӟLQӝLGXQJYұQÿѫQKjQJNK{QJTX\ÿӏQKWҥLĈLӅX
FӫD/XұWQj\
 *Lҩ\FKӭQJQKұQÿăQJNêNLQKGRDQKFӫDDN QѭӟFQJRjLWURQJWUѭӡQJKӧSOjPÿҥLOê[XҩW
YұQÿѫQKjQJNK{QJWKӭFҩSFKRDN JLDRQKұQKjQJKyDQѭӟFQJRjL
 %ӝ*LDRWK{QJYұQWҧLFyWUiFKQKLӋP[HP[pWFҩSKRһFNK{QJFҩS*Lҩ\FKӭQJQKұQ
ÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩSWURQJWKӡLKҥQEҧ\QJj\OjPYLӋFNӇWӯQJj\
QKұQÿӫKӗVѫTX\ÿӏQK
 'RDQKQJKLӋSÿӅQJKӏFҩS*Lҩ\FKӭQJQKұQÿăQJNê[XҩWYұQÿѫQKjQJNK{QJWKӭFҩS SKҧLQӝSOӋSKt
0өF– 9ұQKjQKNKiFKKjQKOê
ĈLӅX+ӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOê
 +ӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOêEҵQJÿѭӡQJKjQJNK{QJOjVӵWKӓDWKXұQ
JLӳDQJѭӡLYұQFKX\ӇQYjKjQKNKiFKWKHRÿyQJѭӡLYұQFKX\ӇQFKX\rQFKӣKjQK
NKiFKKjQKOêÿӃQÿӏDÿLӇPÿӃQYjKjQKNKiFKSKҧLWKDQKWRiQJLiGӏFKYөYұQFKX\ӇQ
 9pKjQKNKiFKĈLӅXOӋYұQFKX\ӇQEҧQJJLiGӏFKYөYұQFKX\ӇQYjFiFWKӓDWKXұQNKiF
EҵQJYăQEҧQJLӳDKDLErQOjWjLOLӋXFӫDKӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOê
ĈLӅX9pKjQKNKiFKWKҿKjQKOê
 9pKjQKNKiFKOjFKӭQJWӯYұQFKX\ӇQYjOjEҵQJFKӭQJFӫDYLӋFJLDRNӃWKӧSÿӗQJ và
FiFÿLӅXNLӋQFӫDKӧSÿӗQJ9pKjQKNKiFKÿѭӧF[XҩWFKRFiQKkQKRһFWұSWKӇJӗP
FiFQӝLGXQJ(a) ĈӏDÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQ(b) &KӍGүQtWQKҩWPӝWÿӏDÿLӇP
GӯQJWKӓDQӃXYұQFKX\ӇQFyÿӏDÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQӣFQJPӝWTXӕFJLDYj
FyPӝWKRһFQKLӅXÿӏDÿLӇPGӯQJWKӓDWKXұQӣOmQKWKәTXӕFJLDNKiF
 3KѭѫQJWLӋQOѭXJLӳWK{QJWLQÿLӋQWӱYӅvé FyWKӇWKD\WKӃFKRYLӋF[XҩWYpKjQKNKiFK
 1JѭӡLYұQFKX\ӇQSKҧLFҩSFKRKjQKNKiFKWKҿKjQKOêÿӕLYӟLPӛLNLӋQKjQKOêNêJӱL
 9LӋFJLDRNӃWKӧSÿӗQJYұQFKX\ӇQKjQKNKiFKKjQKOêPjWKLӃXPӝWKRһFPӝWVӕQӝL
GXQJTX\ÿӏQKNK{QJҧQKKѭӣQJÿӃQVӵWӗQWҥLYjJLiWUӏSKiSOêFӫDKӧSÿӗQJ
0өF– 9ұQKjQKNKiFKKjQKOêWLӃSWKHR
ĈLӅX1JKƭDYөFӫDQJѭӡLYұQFKX\ӇQNKLYұQFKX\ӇQKjQKNKiFK
 9ұQFKX\ӇQKjQKNKiFK, KjQKOêÿӃQÿӏDÿLӇPÿӃQWKӓDWKXұQYjJLDRKjQKOêNêJӱLFKR
QJѭӡLFyTX\ӅQQKұQ7K{QJEiRNӏSWKӡLFKRKjQKNKiFKWK{QJWLQYӅFKX\ӃQED\SKҧL
TXDQWkPFKăPVyFKjQKNKiFKÿһFELӋWÿӕLYӟLQJѭӡLNKX\ӃWWұWKRһFQJѭӡLFҫQVӵ
FKăPVyFWURQJTXiWUuQKYұQFKX\ӇQ
 7UѭӡQJKӧSKjQKNKiFKÿmÿѭӧF[iFQKұQFKӛWUrQFKX\rQED\QKѭQJYLӋFYұQFKX\ӇQ
EӏJLiQÿRҥQEӏFKұPGR
 <ӃXWӕNKiFKTXDQQJѭӡLYұQFKX\ӇQSKҧLWK{QJEiRNӏSWKӡL[LQOӛLKjQKNKiFKEҧR
ÿҧPYLӋFăQQJKӍÿLOҥLYjFKӏXFiFFKLSKtFyOLrQTXDQWUӵFWLӃSSKKӧSYӟLWKӡLJLDQ
SKҧLFKӡÿӧLWҥLFҧQJKjQJNK{QJÿѭӧFTX\ÿӏQKWURQJĈLӅXOӋYұQFKX\ӇQ
 /ӛLFӫDQJѭӡLYұQFKX\ӇQQJѭӡLYұQFKX\ӇQFҫQWKӵFKLӋQQJKƭDYөWUrQÿk\, ÿӗQJWKӡLSKҧL
WKX[ӃSKjQKWUuQKSKKӧSFKRKjQKNKiFKWKHRTX\ÿӏQKWURQJ L
Ĉ ӅXOӋYұQFKX\ӇQKRһFKRjQ
WUҧOҥLWLӅQSKҫQYpFKѭDVӱGөQJWKHR\rXFҫXFӫDKjQKNKiFKPjNK{QJÿѭӧFWKXEҩWNǤPӝW
NKRҧQSKtOLrQTXDQQjR
 7UѭӡQJKӧSGROӛLFӫDQJѭӡLYұQFKX\ӇQlàm cho KjQKNKiFKÿmÿѭӧF[iFQKұQFKӛ
WUrQFKX\ӃQED\QKѭQJNK{QJÿѭӧFYұQFKX\ӇQKRһFFKX\ӃQED\EӏKӫ\KRһFFKX\ӃQ
ED\EӏFKұPNpRGjLPjNK{QJÿѭӧFQJѭӡLYұQFKX\ӇQWK{QJEiRWUѭӟFWKuQJѭӡLYұQ
FKX\ӇQFyWUiFKQKLӋPWKӵFKLӋQFiFQJKƭDYөWUrQÿӗQJWKӡLSKҧLWUҧPӝWNKRҧQWLӅQEӗL
WKѭӡQJӭQJWUѭӟFNK{QJKRjQOҥLFKRKjQKNKiFK7URQJWUѭӡQJKӧSSKҧLEӗLWKѭӡQJ
WKLӋWKҥLWKHRWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWKuNKRҧQWLӅQQj\ÿѭӧFWUӯYjR
NKRҧQWLӅQEӗLWKѭӡQJ
0өF– 9ұQKjQKNKiFKKjQKOêWLӃSWKHR
ĈLӅX4X\ӅQFӫDKjQKNKiFK
 ĈѭӧFWK{QJEiREҵQJYăQEҧQYӅPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQ
FKX\ӇQiSGөQJÿӕLYӟLWUѭӡQJKӧSKjQKNKiFKEӏFKӃWEӏWKѭѫQJKjQKOêEӏKѭKӓQJPҩWYjYұQ FKX\ӇQFKұP
 7URQJWUѭӡQJKӧSKjQKNKiFKNK{QJÿѭӧFYұQFKX\ӇQGROӛLFӫDQJѭӡLYұQFKX\ӇQKjQKNKiFK
FyTX\ӅQ\rXFҫXQJѭӡLYұQFKX\ӇQWKX[ӃSKjQKWUuQKSKKӧSKRһFKRjQWUҧOҥLWLӅQSKҫQYp FKѭDVӱGөQJ
 7URQJFiFWUѭӡQJKӧSTX\ÿӏQKWҥLĈLӅXKjQKNKiFKÿѭӧFQKұQOҥLWLӅQYpKRһFVӕWLӅQWѭѫQJ
ӭQJFӫDSKҫQYpFKѭDVӱGөQJVDXNKLÿmWUӯSKtYjWLӅQSKҥWÿѭӧFJKLWURQJĈLӅXOӋYұQFKX\ӇQ
 7ӯFKӕLFKX\ӃQED\QӃXÿDQJWURQJKjQKWUuQKKjQKNKiFKFyTX\ӅQWӯFKӕLED\WLӃSWҥLEҩWNǤ
FҧQJKjQJNK{QJVkQED\KRһFQѫLKҥFiQKEҳWEXӝFQjRYjFyTX\ӅQQKұQOҥLWLӅQYpKRһFVӕ
WLӅQWѭѫQJӭQJFӫDSKҫQYpFKѭDVӱGөQJVDXNKLÿmWUӯSKtYjWLӅQSKҥWÿѭӧFJKLWURQJĈLӅXOӋ YұQFKX\ӇQ
 ĈѭӧFPLӉQJLiGӏFKYөYұQFKX\ӇQKjQKOêYӟLPӭFWӕLWKLӇXÿѭӧFJKLWURQJĈLӅXOӋYұQFKX\ӇQ
 7UҿHPGѭӟLPѭӡLKDLWXәLÿLWjXED\ÿѭӧFPLӉQJLҧPJLiGӏFKYөYұQFKX\ӇQYӟLPӭFJKLWURQJ
ĈLӅXOӋYұQFKX\ӇQ
 7UҿHPWӯKDLWXәLÿӃQGѭӟLPѭӡLKDLWXәLÿѭӧFEӕWUtFKӛQJӗLULrQJWUҿHPGѭӟLKDLWXәLNK{QJFy
FKӛQJӗLULrQJYjSKҧLFyQJѭӡLOӟQÿLFQJ
0өF– 9ұQKjQKNKiFKKjQKOêWLӃSWKHR
ĈLӅX1JKƭDYөFӫDKjQKNKiFK
 7KӵFKLӋQFiFTX\ÿӏQKYӅEҧRÿҧPDQWRjQKjQJNK{QJDQQLQKKjQJNK{QJ và tKӵFKLӋQWKHRVӵ
FKӍGүQFӫDQJѭӡLYұQFKX\ӇQWURQJTXiWUuQKYұQFKX\ӇQ%ӗLWKѭӡQJWKLӋWKҥLNKLKjQKNKiFKFy
OӛLJk\UDWKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQQJѭӡLNKDLWKiFWjXED\
ĈLӅX9ұQFKX\ӇQKjQKOê
 +jQKOêEDRJӗPKjQKOêNêJӱLYjKjQKOê[iFKWD\+jQKOêNêJӱLOjKjQKOêFӫDKjQKNKiFK
ÿѭӧFFKX\rQFKӣWURQJWjXED\YjGRQJѭӡLYұQFKX\ӇQEҧRTXҧQWURQJTXiWUuQKYұQFKX\ӇQ
+jQKOê[iFKWD\OjKjQKOêÿѭӧFKjQKNKiFKPDQJWKHRQJѭӡLOrQWjXED\YjGRKjQKNKiFKEҧR
TXҧQWURQJTXiWUuQKYұQFKX\ӇQ
 +jQKOêSKҧLÿѭӧFYұQFKX\ӇQFQJYӟLKjQKNKiFKWUrQPӝWFKX\ӃQED\WUӯFiFWUѭӡQJKӧSVDX
ÿk\D 9ұQFKX\ӇQKjQKOêWKҩWOҥFE +jQKOêEӏJLӳOҥLYuOêGRDQWRjQFӫDFKX\ӃQED\F 9ұQ
FKX\ӇQW~LQJRҥLJLDRW~LOmQKVӵG+jQKNKiFKEӏFKӃWWURQJWjXED\YjWKLWKӇÿmÿѭӧFÿѭDNKӓL
tàu bay; e) +jQKOêÿѭӧFYұQFKX\ӇQQKѭKjQJKyDI &iFWUѭӡQJKӧSEҩWNKҧNKiQJ
ĈLӅX7KDQKOêKjQKOê
 +jQKOêÿѭӧFWKDQKOêQӃXNK{QJFyQJѭӡLQKұQWURQJWKӡLKҥQEDPѭѫLQJj\NӇWӯQJj\KjQKOê
ÿѭӧFYұQFKX\ӇQÿӃQÿӏDÿLӇPÿӃQKjQKOêPDXKӓQJFyWKӇÿѭӧFWKDQKOêWUѭӟFWKӡLKҥQQj\
 7KӫWөFWKDQKOêKjQKOêÿѭӧFWKӵFKLӋQWKHRTX\ÿӏQKJLӕQJQKѭWKDQKOêKjQJKRiÿLӅX
0өF– 9ұQFKX\ӇQWKHRKӧSÿӗQJYjYұQFKX\ӇQWKӵFWӃ
ĈLӅX1JѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjQJѭӡLYұQFKX\ӇQWKӵFWӃ
 1JѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJOjQJѭӡLJLDRNӃWKӧSÿӗQJYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJYӟLKjQKNKiFKQJѭӡLJӱLKjQJKRһFÿҥLGLӋQFӫDKjQKNKiFKQJѭӡLJӱLKjQJ
 1JѭӡLYұQFKX\ӇQWKӵFWӃOjQJѭӡLWKӵFKLӋQWRjQEӝKRһFPӝWSKҫQYұQFKX\ӇQWKHRӫ\TX\ӅQ
FӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJQKѭQJNK{QJSKҧLOjQJѭӡLYұQFKX\ӇQNӃWLӃS(ĈLӅX)
ĈLӅX7UiFKQKLӋPFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjQJѭӡLYұQFKX\ӇQ WKӵFWӃ
 1JѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJFKӏXWUiFKQKLӋPÿӕLYӟLWRjQEӝYLӋFYұQFKX\ӇQWURQJKӧS
ÿӗQJ1JѭӡLYұQFKX\ӇQWKӵFWӃFKӏXWUiFKQKLӋPÿӕLYӟLSKҫQYұQFKX\ӇQPjPuQKWKӵFKLӋQ
 +jQKYLFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjFӫDQKkQYLrQÿҥLOêFӫDKӑWURQJSKҥPYLWKӵF
KLӋQQKLӋPYөÿѭӧFFRLOjKjQKYLFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃOLrQTXDQÿӃQSKҫQYұQFKX\ӇQ
GRQJѭӡLYұQFKX\ӇQWKӵFWӃWKӵFKLӋQ1JѭӡLYұQFKX\ӇQWKӵFWӃNK{QJSKҧLFKӏXWUiFKQKLӋP
FDRKѫQJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL(0өF&KѭѫQJ9,,).
 +jQKYLFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃYjQKkQYLrQÿҥLOêFӫDKӑWURQJSKҥPYLWKӵFKLӋQQKLӋP
YөÿѭӧFFRLOjKjQKYLFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJOLrQTXDQÿӃQSKҫQYұQFKX\ӇQGR
QJѭӡLYұQFKX\ӇQWKӵFWӃWKӵFKLӋQ
 7KӓDWKXұQFӫDQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYӟLNKiFKKjQJNK{QJҧQKKѭӣQJÿӃQWUiFK
QKLӋPFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃWUӯWUѭӡQJKӧSÿmÿѭӧFQJѭӡLYұQFKX\ӇQWKӵFWӃÿӗQJê
0өF– 9ұQFKX\ӇQWKHRKӧSÿӗQJYj«WLӃSWKHR
ĈLӅX1JѭӡLQKұQNKLӃXQҥLKRһF\rXFҫX: .KLӃXQҥLKRһF\rXFҫXFyWKӇ
ÿѭӧFJӱLÿӃQQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJKRһFQJѭӡLYұQFKX\ӇQWKӵFWӃ.
Riêng yrXFҫXYӅTX\ӅQÿӏQKÿRҥWKjQJKyD(TX\ÿӏQKWҥLĈLӅX) SKҧLJӱLFKR
QJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJ
ĈLӅX*LӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQKkQYLrQÿҥLOê:
NKkQYLrQKRһFÿҥLOêFӫDQJѭӡLYұQFKX\ӇQWKӵFWӃKRһFFӫDQJѭӡLYұQFKX\ӇQ
WKHRKӧSÿӗQJFyTX\ӅQKѭӣQJFiFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQ(0өF&KѭѫQJ9,,)QӃXFKӭQJPLQKÿѭӧFÿmKjQKÿӝQJWURQJ
SKҥPYLWKӵFKLӋQQKLӋPYө
ĈLӅX7әQJVӕWLӅQEӗLWKѭӡQJWKLӋWKҥL: TәQJVӕWLӅQEӗLWKѭӡQJWKLӋWKҥLPj
QJѭӡLYұQFKX\ӇQWKӵFWӃQJѭӡLYұQFKX\ӇQWKHRKӧSÿӗQJYjQKkQYLrQÿҥLOêFӫD
KӑKRҥWÿӝQJWURQJSKҥPYLWKӵFKLӋQQKLӋPYөNK{QJFDRKѫQVӕWLӅQPjQJѭӡLYұQ
FKX\ӇQWKHRKӧSÿӗQJQJѭӡLYұQFKX\ӇQWKӵFWӃSKҧLEӗLWKѭӡQJ0ӛLQJѭӡLYұQ
FKX\ӇQNK{QJSKҧLWUҧTXiJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDPuQK
ĈLӅX1JѭӡLEӏNKӣLNLӋQ: NJѭӡLYұQFKX\ӇQWKӵFWӃKRһFQJѭӡLYұQFKX\ӇQ
WKHRKӧSÿӗQJKRһFFҧKDLÿӅXFyWKӇEӏNKӣLNLӋQ7UѭӡQJKӧSPӝWQJѭӡLEӏNKӣL
NLӋQWKuQJѭӡLÿyFyTX\ӅQÿӅQJKӏ7zDiQÿѭDQJѭӡLFzQOҥLWKDPJLDWӕWөQJ
0өF– 9ұQFKX\ӇQKjQJKRiÿһFELӋW
ĈLӅX9ұQFKX\ӇQEѭXSKҭPEѭXNLӋQWKѭ: 9LӋFYұQFKX\ӇQEѭXJӱLEҵQJ
ÿѭӡQJKjQJNK{QJÿѭӧFWKӵFKLӋQWKHRTX\ÿӏQKFӫD/XұWQj\YjTX\ÿӏQKFӫDSKiS
OXұWYӅEѭXFKtQK
ĈLӅX9ұQFKX\ӇQKjQJQJX\KLӇP
 +jQJQJX\KLӇPOjYұWKRһFFKҩWFyNKҧQăQJJk\QJX\KLӇPFKRVӭFNKӓHWtQKPҥQJ
FӫDFRQQJѭӡLVӵDQWRjQFӫDFKX\ӃQED\WjLVҧQKRһFP{LWUѭӡQJ
 9LӋFYұQFKX\ӇQKjQJQJX\KLӇPEҵQJÿѭӡQJKjQJNK{QJSKҧLWXkQWKHRTX\ÿӏQKFӫD
/XұWQj\YjFiFTX\ÿӏQKNKiFFӫDSKiSOXұWFyOLrQTXDQ
ĈLӅX9ұQFKX\ӇQYNJNKtGөQJFөFKLӃQWUDQKYұWOLӋXSKyQJ[ҥ
 0i\ED\GkQVӵYjPi\ED\F{QJYөNK{QJÿѭӧFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
YNJNKtGөQJFөFKLӃQWUDQKYұWOLӋXSKyQJ[ҥYjRKRһFTXDOmQKWKә9LӋW1DPWUӯkhi:
 %ӝWUѭӣQJ%ӝ4XӕFSKzQJTX\ӃWÿӏQKWUѭӡQJKӧSÿһFELӋWFKRSKpSYұQFKX\ӇQEҵQJ
ÿѭӡQJKjQJNK{QJYNJNKtGөQJFөFKLӃQWUDQKYjRKRһFTXDOmQKWKә9LӋW1DP
 7KӫWѭӟQJ&KtQKSKӫTX\ӃWÿӏQKWUѭӡQJKӧSÿһFELӋWFKRSKpSYұQFKX\ӇQEҵQJÿѭӡQJKjQJ
NK{QJYұWOLӋXSKyQJ[ҥYjRKRһFTXDOmQKWKә9LӋW1DP
 1JRjLFiFTX\ÿӏQKWURQJOXұWQj\YLӋFYұQFKX\ӇQYNJNKtGөQJFөFKLӃQWUDQKYұWOLӋX
SKyQJ[ҥEҵQJÿѭӡQJKjQJNK{QJSKҧLWXkQWKӫFiFTX\ÿӏQKFӫDSKiSOXұWFyOLrQTXDQ
7UiQKQKLӋPGkQVӵ&KѭѫQJ9,,
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQ
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLKjQKNKiFK: 1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLWURQJWUѭӡQJKӧSKjQKNKiFKFKӃWKRһFEӏWKѭѫQJGRWDLQҥQ[ҧ\UDWURQJWjXED\WURQJWKӡL
JLDQQJѭӡLYұQFKX\ӇQÿѭDKjQKNKiFKOrQWjXED\KRһFUӡLWjX D E \
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLKjQJKyDKjQKOê:
ĈӕLYӟLKjQKOê[iFKWD\ QӃX[ҧ\UDPҩWPiWWKLӃXKөWKRһFKѭKӓQJQJѭӡLYұQFKX\ӇQFKӍFKӏX
WUiFKQKLӋPEӗLWKѭӡQJQӃXQJѭӡLYұQFKX\ӇQFyOӛLJk\UDWKLӋWKҥL
ĈӕLYӟLKjQKOêNêJӣLYjKjQJKRi1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLGR
PҩWPiWWKLӃXKөWKѭKӓQJGRVӵNLӋQ[ҧ\UDWӯWKӡLÿLӇPQJѭӡLJӱLKjQJKjQKNKiFKJLDRKjQK
OêNêJӱLFKRQJѭӡLYұQFKX\ӇQÿӃQWKӡLÿLӇPQJѭӡLYұQFKX\ӇQWUҧKjQJKyDKjQKOêNêJӱLFKR
QJѭӡLFyTX\ӅQQKұQÿӕLYӟLYұQFKX\ӇQKjQJKyDWKӡLJLDQWUrQNK{QJEDRJӗPTXiWUuQKYұQ
FKX\ӇQEҵQJÿѭӡQJELӇQÿѭӡQJEӝÿѭӡQJVҳW, ÿѭӡQJWKӫ\QӝLÿӏDWKӵFKLӋQQJRjLFҧQJVkQED\
 7UѭӡQJKӧSKjQJKyDÿmÿѭӧFQJѭӡLYұQFKX\ӇQKjQJNK{QJWLӃSQKұQWKuEҩWNǤWKLӋWKҥLQjR
FNJQJÿѭӧFFRLOjNӃWTXҧFӫDVӵNLӋQ[ҧ\UDNKLYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJWUӯWUѭӡQJ
KӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFWKLӋWKҥL[ҧ\UDWURQJJLDLÿRҥQYұQFKX\ӇQEҵQJÿѭӡQJ
ELӇQÿѭӡQJEӝÿѭӡQJVҳWKRһFÿѭӡQJWKӫ\QӝLÿӏD7UѭӡQJKӧSQJѭӡLYұQFKX\ӇQWKD\WKӃPӝW
SKҫQKRһFWRjQEӝYLӋFYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJEҵQJSKѭѫQJWKӭFYұQFKX\ӇQNKiF
PjNK{QJÿѭӧFVӵÿӗQJêFӫDQJѭӡLJӱLKjQJWKuYLӋFYұQFKX\ӇQEҵQJSKѭѫQJWKӭFNKiFÿy
ÿѭӧFFRLOjYұQFKX\ӇQEҵQJÿѭӡQJKjQJNK{QJ
 1JѭӡLYұQFKX\ӇQSKҧLKRjQWUҧFKRQJѭӡLJӱLKjQJKjQKNKiFKJLiGӏFKYөYұQFKX\ӇQÿӕLYӟL
VӕKjQJKyDKjQKOêNêJӱLEӏWKLӋWKҥL
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0ӭFEӗLWKѭӡQJWKLӋWKҥLKjQJKyDKjQKOê
 0ӭFEӗLWKѭӡQJFӫDQJѭӡLYұQFKX\ӇQÿӕLYӟLPҩWPiWWKLӃXKөWKѭKӓQJ
KjQJKyDKjQKOêÿѭӧFWtQKQKѭVDX
7KHRWKӓDWKXұQJLӳDFiFErQQKѭQJNK{QJYѭӧWTXiJLiWUӏWKLӋWKҥLWKӵFWӃ
7KHRPӭFJLiWUӏÿmNrNKDLFӫDYLӋFQKұQKjQJKyDKjQKOêNêJӱLWҥLÿӏDÿLӇP
ÿӃQ7UѭӡQJKӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFJLiWUӏÿmNrNKDLFDR
KѫQJLiWUӏWKӵFWӃWKuPӭFEӗLWKѭӡQJÿѭӧFWtQKWKHRJLiWUӏWKLӋWKҥLWKӵFWӃ
7KHRJLiWUӏWKLӋWKҥLWKӵFWӃÿӕLYӟLKjQJKyDKjQKOêNêJӱLNK{QJNrNKDLJLi WUӏ
7KHRJLiWUӏWKLӋWKҥLWKӵFWӃÿӕLYӟLKjQKOê[iFKWD\
 7URQJWUѭӡQJKӧSKjQJKyDKjQKOêNêJӱLNK{QJNrNKDLJLiWUӏPjEӏPҩW
PiWWKLӃXKөWKѭKӓQJYjNK{QJ[iFÿӏQKÿѭӧFJLiWUӏWKLӋWKҥLWKӵFWӃWKu
PӭFEӗLWKѭӡQJFӫDQJѭӡLYұQFKX\ӇQÿѭӧFWtQKÿӃQPӭFJLӟLKҥQWUiFK
QKLӋPEӗLWKѭӡQJWKLӋWKҥLTX\ÿӏQKWҥLĈLӅX
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX%ҧRKLӇPEҳWEXӝFWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQ
 1JѭӡLYұQFKX\ӇQSKҧLPXDEҧRKLӇPEҳWEXӝFWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLÿӕLYӟLWtQKPҥQJVӭFNKӓHFӫDKjQKNKiFKYLӋFPҩWPiWWKLӃX
KөWKѭKӓQJKjQJKyDKjQKOêYjGRYұQFKX\ӇQFKұPKRһFWKӵFKLӋQFiF
ELӋQSKiSEҧRÿҧPNKiFÿӃQPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL
FӫDQJѭӡLYұQFKX\ӇQTX\ÿӏQKWҥLĈLӅX
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLGRYұQFKX\ӇQFKұP
 1JѭӡLYұQFKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL[ҧ\UDGRYұQ
FKX\ӇQFKұPWUӯWUѭӡQJKӧSFKӭQJPLQKÿѭӧFPuQKQKkQYLrQYjÿҥLOê
FӫDPuQKNK{QJWKӇiSGөQJKRһFÿmiSGөQJPӑLELӋQSKiSÿӇWUiQKWKLӋW
KҥLQKѭQJWKLӋWKҥLYүQ[ҧ\UD
 9LӋFEӗLWKѭӡQJWKLӋWKҥLGRYұQFKX\ӇQFKұPNK{QJYѭӧWTXiPӭFJLӟL
KҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLTX\ÿӏQKWҥLĈLӅX
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0LӉQJLҧPWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL
 7URQJWUѭӡQJKӧSFKӭQJPLQKÿѭӧFWKLӋWKҥL[ҧ\UDGROӛLFӫDErQFyTX\ӅQ\rXFҫXEӗL
WKѭӡQJWKLӋWKҥLQJѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһFWRjQEӝWUiFKQKLӋPEӗL
WKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝOӛLFӫDErQFyTX\ӅQ\rXFҫXEӗLWKѭӡQJWKLӋW KҥL
ĈӕLYӟLKjQKNKiFK 7URQJWUѭӡQJKӧSFKӭQJPLQKÿѭӧFWKLӋWKҥLÿӕLYӟLWtQKPҥQJ
VӭFNKӓH[ҧ\UDGROӛLFӫDKjQKNKiFKQJѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһF
WRjQEӝWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝOӛLFӫDKjQKNKiFK
QJѭӡLYұQFKX\ӇQNK{QJSKҧLFKӏXWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLWtQKPҥQJ
VӭFNKӓHFӫDKjQKNKiFKQӃXWKLӋWKҥLÿyKRjQWRjQGRWuQKWUҥQJVӭFNKӓHFӫDKjQK khách gây ra.
ĈӕLYӟLKjQKOêNêJӣL1JѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһFWRjQEӝWUiFK
QKLӋPEӗLWKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝWKLӋWKҥLGRÿһFWtQKWӵQKLrQKRһF
NKX\ӃWWұWYӕQFyFӫDKjQKOêNêJӱLJk\UD
ĈӕLYӟLKjQJKRi 1JѭӡLYұQFKX\ӇQÿѭӧFPLӉQPӝWSKҫQKRһFWRjQEӝWUiFKQKLӋPEӗL
WKѭӡQJWKLӋWKҥLWѭѫQJӭQJYӟLPӭFÿӝWKLӋWKҥLWURQJFiFWUѭӡQJKӧSVDXÿk\
 'RÿһFWtQKWӵQKLrQKRһFNKX\ӃWWұWYӕQFyFӫDKjQJKyD
 'RTX\ӃWÿӏQKFӫD7zDiQKRһFFӫDFѫTXDQQKjQѭӟFFyWKҭPTX\ӅQÿӕLYӟLKjQJKyD
 'R[ҧ\UDFKLӃQWUDQKKRһF[XQJÿӝWYNJWUDQJ
 'ROӛLFӫDQJѭӡLJӱLQJѭӡLQKұQKjQJKyDKRһFGROӛLFӫDQJѭӡLiSWҧLÿѭӧFQJѭӡLJӱLKjQJ
KRһFQJѭӡLQKұQKjQJFӱÿLNqPKjQJKyD
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0ӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQ
ĈӕLYӟLYұQFKX\ӇQKjQKNKiFKPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLYӅWtQK
PҥQJVӭFNKӓHFӫDKjQKNKiFKOj100.000 ÿѫQYӏWtQKWRiQFKRPӛLKjQKNKiFK PӭF
JLӟLKҥQQj\FKӍFyJLiWUӏWURQJWUѭӡQJKӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJ
WKLӋWKҥL[ҧ\UDNK{QJSKҧLGROӛLFӫDPuQKKRһFKRjQWRjQGROӛLFӫDErQWKӭED
ĈӕLYӟLYLӋFYұQFKX\ӇQKjQKNKiFK EӏFKұPPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLOj4.150 ÿѫQYӏWtQKWRiQFKRPӛLKjQKNKiFK
ĈӕLYӟLYұQFKX\ӇQKjQKOê NêJӱLYj[iFKWD\PӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJ
WKLӋWKҥLGRPҩWPiWWKLӃXKөWKѭKӓQJKRһFGRYұQFKX\ӇQFKұPOj1.000 ÿѫQYӏWtQK
WRiQFKRPӛLKjQKNKiFK
ĈӕLYӟLYұQFKX\ӇQKjQJKyDPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLGRPҩW
PiWWKLӃXKөWKѭKӓQJKRһFGRYұQFKX\ӇQFKұPOj17 ÿѫQYӏWtQKWRiQ/kg hàng hóa;
 1JѭӡLYұQFKX\ӇQkhông ÿѭӧFKѭӣQJPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕL
YӟLYұQFKX\ӇQKjQKNKiFKEӏFKұP, YұQFKX\ӇQKjQKOêKjQJKRiWURQJWUѭӡQJ
KӧSQJѭӡLYұQFKX\ӇQQKkQYLrQKRһFÿҥLOêFӫDQJѭӡLYұQFKX\ӇQWKӵFKLӋQKjQKYL
Jk\WKLӋWKҥLPӝWFiFKFӕêKRһFGRVӵFҭXWKҧQKѭQJYӟLQKұQWKӭFUҵQJWKLӋWKҥLFyWKӇ
[ҧ\UD7URQJWUѭӡQJKӧSKjQKYLÿyGRQKkQYLrQKRһFÿҥLOêWKӵFKLӋQWKuSKҧLFKӭQJ
PLQKÿѭӧFUҵQJQKkQYLrQKRһFÿҥLOêÿyÿmKjQKÿӝQJNKLWKӵFKLӋQQKLӋPYөFӫDPuQK
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX0ӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL«WLӃSWKHR
 TUѭӡQJKӧSKjQKNKiFKJӣLKjQKOêNêJӣLQJѭӡLJӱLKjQJFyNrNKDLJLiWUӏFӫD
YLӋFQKұQKjQKOêNêJӣLKjQJKyDWҥLQѫLÿӃQYjWUҧPӝWNKRҧQSKtEәVXQJWKu
QJѭӡLYұQFKX\ӇQSKҧLEӗLWKѭӡQJWKHRPӭFJLiWUӏÿmÿѭӧFNrNKDLWUӯWUѭӡQJ
KӧSQJѭӡLYұQFKX\ӇQFKӭQJPLQKÿѭӧFUҵQJJLiWUӏÿmNrNKDLOӟQKѫQJLiWUӏ WKӵFWӃ
 ĈѫQYӏWtQKWRiQOjSDR và ÿѭӧFFKX\ӇQÿәLVDQJVND WKHRWӹJLiFKtQKWKӭFGR
1JkQKjQJQKjQѭӟF9LӋW1DPF{QJEӕWҥLWKӡLÿLӇPWKDQKWRiQ
 7UӑQJOѭӧQJFӫDNLӋQKjQJKyDEӏPҩWPiWWKLӃXKөWKѭKӓQJKRһFEӏYұQFKX\ӇQ
FKұPÿѭӧFVӱGөQJÿӇ[iFÿӏQKJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQWURQJWUѭӡQJKӧSYұQFKX\ӇQKjQJKyD7UѭӡQJKӧSSKҫQ
KjQJKyDEӏPҩWPiWWKLӃXKөWKѭKӓQJKRһFYұQFKX\ӇQFKұPOjPҧQKKѭӣQJ
ÿӃQJLiWUӏFӫDFiFNLӋQKjQJKyDNKiFWURQJFQJPӝWYұQÿѫQKjQJNK{QJKRһF
ELrQODLKjQJKyDWKuWUӑQJOѭӧQJFӫDWRjQEӝFiFNLӋQKjQJKyDÿѭӧFVӱGөQJÿӇ
[iFÿӏQKJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQ
 7URQJWUѭӡQJKӧSFҫQWKLӃW&KtQKSKӫTX\ӃWÿӏQKWăQJPӭFJLӟLKҥQWUiFKQKLӋP
EӗLWKѭӡQJWKLӋWKҥL ÿѭӧFTX\ÿӏQKWURQJÿLӅXQj\.
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX7KӓDWKXұQYӅPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥL
 0ӑLWKӓDWKXұQFӫDQJѭӡLYұQFKX\ӇQYӟLKjQKNKiFKQJѭӡLJӱLKjQJQJѭӡL
QKұQKjQJQKҵPPLӉQJLҧPPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫD
QJѭӡLYұQFKX\ӇQTX\ÿӏQKWҥLĈLӅXÿӅXNK{QJFyJLiWUӏSKiSOê
 1JѭӡLYұQFKX\ӇQFyWKӇWKӓDWKXұQYӟLKjQKNKiFKQJѭӡLJӱLKjQJQJѭӡLQKұQ
KjQJYӅFiFPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFDRKѫQFiFPӭFJLӟL
KҥQWUiFKQKLӋPTX\ÿӏQKWҥLĈLӅX
ĈLӅX%ӗLWKѭӡQJWKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQ: +jQKNKiFKQJѭӡL
JӱLKjQJQJѭӡLQKұQKjQJSKҧLEӗLWKѭӡQJWKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQQӃXJk\
WKLӋWKҥLFKRQJѭӡLYұQFKX\ӇQKRһFJk\WKLӋWKҥLFKRQJѭӡLWKӭEDPjQJѭӡLYұQ
FKX\ӇQFyWUiFKQKLӋPEӗLWKѭӡQJ
ĈLӅX7LӅQWUҧWUѭӟF: 7URQJWUѭӡQJKӧS[ҧ\UDWDLQҥQJk\WKLӋWKҥLÿӃQWtQK
PҥQJVӭFNKӓHFӫDKjQKNKiFKWKuQJѭӡLYұQFKX\ӇQSKҧLWUҧQJD\PӝWNKRҧQWLӅQ
FKRKjQKNKiFKKRһFQJѭӡLFyTX\ӅQ\rXFҫXEӗLWKѭӡQJWKLӋWKҥL0ӭFWLӅQWUҧ
WUѭӟFQj\GRQJѭӡLYұQFKX\ӇQTX\ӃWÿӏQKYjÿѭӧFJKLWURQJĈLӅXOӋYұQFKX\ӇQ
.KRҧQWLӅQWUҧWUѭӟFNK{QJSKҧLOjEҵQJFKӭQJÿӇ[iFÿӏQKOӛLFӫDQJѭӡLYұQFKX\ӇQ
YjÿѭӧFWUӯYjRVӕWLӅQEӗLWKѭӡQJWKLӋWKҥLPjQJѭӡLYұQFKX\ӇQSKҧLWUҧ
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX.KLӃXQҥLYjNKӣLNLӋQQJѭӡLYұQFKX\ӇQ
 +jQKNKiFKQJѭӡLJӱLKjQJQJѭӡLQKұQKjQJKRһFQJѭӡLÿҥLGLӋQKӧSSKiSFӫDKӑFyTX\ӅQ
NKLӃXQҥLNKӣLNLӋQQJѭӡLYұQFKX\ӇQÿӇEҧRYӋTX\ӅQYjOӧLtFKKӧSSKiSNKLEӏ[kPKҥL
 7UѭӟFNKLNKӣLNLӋQYӅPҩWPiWWKLӃXKөWKѭKӓQJYұQFKX\ӇQFKұPKjQJKyDKjQKOêNêJӱL
QJѭӡLFyTX\ӅQNKӣLNLӋQSKҧLNKLӃXQҥLEҵQJYăQEҧQÿӃQQJѭӡLYұQFKX\ӇQWURQJWKӡLKҥQVDX
TrUѭӡQJKӧSPҩWPiWWKLӃXKөWKѭKӓQJKjQKOê: 7 QJj\NӇWӯQJj\QKұQKjQKOê
TUѭӡQJKӧSWKLӃXKөWKѭKӓQJKjQJKyD: 14 QJj\NӇWӯQJj\QKұQKjQJ
7UѭӡQJKӧSPҩWPҩWPiWKjQJKRi 21 QJj\NӇWӯQJj\ÿ~QJUDSKҧLWUҧKjQJ
TUѭӡQJKӧSYұQFKX\ӇQFKұP hành lý, hàng hóa: 21 ngày NӇWӯQJj\QJѭӡLFyTX\ӅQQKұQÿm
QKұQÿѭӧFKjQKOêKRһFKjQJKyD
 1JѭӡLYұQFKX\ӇQSKҧLWK{QJEiRFKRQJѭӡLNKLӃXQҥLELӃWYLӋFFKҩSQKұQKRһFNK{QJFKҩSQKұQ
NKLӃXQҥLWURQJWKӡLKҥQEDPѭѫLQJj\NӇWӯQJj\QKұQÿѭӧFNKLӃXQҥL7UѭӡQJKӧSNKLӃXQҥL
NK{QJÿѭӧFFKҩSQKұQKRһFTXiWKӡLKҥQWUrQPjNK{QJQKұQÿѭӧFWK{QJEiRWUҧOӡLWKuQJѭӡL
NKLӃXQҥLFyTX\ӅQNKӣLNLӋQ
 9LӋFNKӣLNLӋQYӅWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQJѭӡLYұQFKX\ӇQFKӍÿѭӧFWKӵFKLӋQ
WKHRFiFÿLӅXNLӋQYjPӭFJLӟLKҥQWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLTX\ÿӏQKWҥL/XұWQj\
 7UѭӡQJKӧSYLӋFNKLӃXQҥLNK{QJÿѭӧFWKӵFKLӋQWURQJWKӡLKҥQTX\ÿӏQKWKuYLӋFNKӣLNLӋQNK{QJ
FyJLiWUӏWUӯWUѭӡQJKӧSFyVӵOӯDGӕLWӯSKtDQJѭӡLYұQFKX\ӇQKRһFQJѭӡLFyTX\ӅQNKLӃXQҥL
FyOêGRFKtQKÿiQJ
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX4X\ӅQFӫDQKkQYLrQÿҥLOêFӫDQJѭӡLYұQFKX\ӇQNKLEӏ NKLӃXQҥL
 7URQJWUѭӡQJKӧSQKkQYLrQÿҥLOêFӫDQJѭӡLYұQFKX\ӇQEӏNKLӃXQҥLYӅ
EӗLWKѭӡQJWKLӋWKҥLWKuQKkQYLrQÿҥLOêÿyFyTX\ӅQKѭӣQJFiFJLӟLKҥQ
WUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQWKHRTX\ÿӏQKWҥL
0өF&KѭѫQJ9,,FӫD/XұWQj\QӃXQKkQYLrQÿҥLOêÿyÿmKjQKÿӝQJ
WURQJSKҥPYLWKӵFKLӋQQKLӋPYө
 7әQJVӕWLӅQEӗLWKѭӡQJWKLӋWKҥLPjQJѭӡLYұQFKX\ӇQQKkQYLrQÿҥLOê
FӫDQJѭӡLYұQFKX\ӇQSKҧLFKӏXNK{QJYѭӧWTXiPӭFJLӟLKҥQWUiFKQKLӋP
EӗLWKѭӡQJWKLӋWKҥLWKHRTX\ÿӏQKFӫD/XұWQj\
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX7KҭPTX\ӅQJLҧLTX\ӃWFӫD7zDiQ9LӋW1DPÿӕLYӟLWUDQKFKҩSWURQJYұQFKX\ӇQ
KjQJNK{QJTXӕFWӃ
 7zDiQ9LӋW1DPFyWKҭPTX\ӅQJLҧLTX\ӃWWUDQKFKҩSSKiWVLQKWӯKӧSÿӗQJYұQFKX\ӇQKjQJ
NK{QJTXӕFWӃWKHROӵDFKӑQFӫDQJѭӡLNKӣLNLӋQWURQJFiFWUѭӡQJKӧSVDXÿk\
 a)1JѭӡLYұQFKX\ӇQFyWUөVӣFKtQKKRһFÿӏDÿLӇPNLQKGRDQKFKtQKWҥL9LӋW1DP
 b)1JѭӡLYұQFKX\ӇQFyÿӏDÿLӇPNLQKGRDQKYjJLDRNӃWKӧSÿӗQJYұQFKX\ӇQWҥL9LӋW1DP
 c) 9LӋW1DPOjÿӏDÿLӇPÿӃQFӫDKjQKWUuQKYұQFKX\ӇQ
 +ӧSÿӗQJYұQFKX\ӇQTXӕFWӃOjKӧSÿӗQJFyÿLӇP[XҩWSKiWYjÿӏDÿLӇPÿӃQWUrQOmQKWKәFӫD2
TXӕFJLDKRһFWUrQOmQKWKәFӫDPӝWTXӕFJLDQKѭQJFyÿӏDÿLӇPGӯQJWKӓDWKXұQWUrQOmQKWKәFӫD
PӝWTXӕFJLDNKiFNӇFҧFyJLiQÿRҥQWURQJYұQFKX\ӇQKRһFFKX\ӇQWҧL
 1JRjLTX\ÿӏQKWUrQÿk\ÿӕLYӟLWUDQKFKҩSYӅWKLӋWKҥL[ҧ\UDWURQJWUѭӡQJKӧSKjQKNKiFKEӏFKӃW
KRһFEӏWKѭѫQJ7zDiQ9LӋW1DPFyWKҭPTX\ӅQJLҧLTX\ӃWWUDQKFKҩSWURQJWUѭӡQJKӧSKjQK
NKiFKFyQѫLFѭWU~FKtQKYjWKѭӡQJ[X\rQWҥLVN Y
jRWKӡLÿLӇP[ҧ\UDWDLQҥQYӟLÿLӅXNLӋQ
 a) 1JѭӡLYұQFKX\ӇQFyKRҥWÿӝQJNKDLWKiFYұQFKX\ӇQKjQKNKiFKWUӵFWLӃSEҵQJWjXED\
FӫDPuQKKRһFEҵQJWjXED\FӫDQJѭӡLYұQFKX\ӇQNKiFWKHRKӧSÿӗQJJLDRNӃWJLӳDQKӳQJ
QJѭӡLYұQFKX\ӇQYӅYLӋFOLrQGDQKNKDLWKiFFiFFKX\ӃQED\YұQFKX\ӇQKjQKNKiFK
 b) 1JѭӡLYұQFKX\ӇQVӱGөQJWUөVӣFӫDPuQKKRһFWUөVӣFӫDQJѭӡLYұQFKX\ӇQNKiFFyKӧS
ÿӗQJOLrQGDQKJLDRNӃWYӟLPuQKÿӇNLQKGRDQKYұQFKX\ӇQKjQKNKiFKEҵQJÿѭӡQJKjQJ
NK{QJWҥL9LӋW1DP
 7UuQKWӵWKӫWөFJLҧLTX\ӃWWUDQKFKҩSWKӵFKLӋQWKHRTX\ÿӏQKFӫD/XұWQj\YjSKiSOXұWYӅWӕWөQJ
GkQVӵFӫD9LӋW1DP
0өF– 4X\ӅQYjWUiFKQKLӋPGkQVӵFӫDQJѭӡLYұQFKX\ӇQWLӃSWKHR
ĈLӅX*LҧLTX\ӃWWUDQKFKҩSEҵQJ7UӑQJWjL
 &iFErQFӫDKӧSÿӗQJYұQFKX\ӇQKjQJKyDFyWKӇWKӓDWKXұQJLҧLTX\ӃWWUDQKFKҩSSKiW
VLQKEҵQJ7UӑQJWjL7KӓDWKXұQWUӑQJWjLSKҧLÿѭӧFOұSWKjQKYăQEҧQ
 ĈӕLYӟLWUDQKFKҩSSKiWVLQKWӯKӧSÿӗQJYұQFKX\ӇQKjQJKyDTXӕFWӃOLrQTXDQÿӃQ
WUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQYLӋFJLҧLTX\ӃWEҵQJ7UӑQJWjLWҥL
9LӋW1DPFKӍÿѭӧFWKӵFKLӋQWURQJFiFWUѭӡQJKӧSTX\ÿӏQKWҥLNKRҧQYjNKRҧQĈLӅX
172. 4X\ÿӏQKQj\ÿѭӧFFRLOjPӝWSKҫQFӫDEҩWNǤÿLӅXNKRҧQKRһFWKӓDWKXұQWUӑQJWjL
QjR0ӑLÿLӅXNKRҧQYjWKӓDWKXұQWUӑQJWjLWUiLYӟLTX\ÿӏQKQj\ÿӅXEӏFRLOjY{KLӋX
ĈLӅX7KӡLKLӋXNKӣLNLӋQYӅWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡL
YұQFKX\ӇQ: 7KӡLKLӋXNKӣLNLӋQYӅWUiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLFӫDQJѭӡLYұQFKX\ӇQ
ÿӕLYӟLWKLӋWKҥL[ҧ\UDFKRKjQKNKiFKKjQKOêKjQJKyDOjKDLQăPNӇWӯQJj\WjXED\
ÿӃQÿӏDÿLӇPÿӃQQJj\WjXED\SKҧLÿӃQÿӏDÿLӇPÿӃQKRһFWӯQJj\YLӋFYұQFKX\ӇQEӏ
FKҩPGӭWW\WKXӝFYjRWKӡLÿLӇPQjRPXӝQQKҩW
0өF– 7UiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLÿӕLYӟLQJѭӡLWKӭEDӣPһWÿҩW
0өF– 7UiFKQKLӋPEӗLWKѭӡQJWKLӋWKҥLNKLPi\ED\YDFKҥPKRһFFҧQ WUӣQKDX
&iFF{QJѭӟFTXӕFWӃYӅEӗLWKѭӡQJWKLӋWKҥLFKRQJѭӡL WKӭӣPһWÿҩW
 Convention for the Unification of Certain Rules Relating to Damage Caused by Foreign
Aircraft to Third Parties on the Surface (1933 Rome Convention) - &{QJѭӟFWKӕQJQKҩWPӝW
VӕTX\WҳFOLrQTXDQÿӃQWKLӋWKҥLGRPi\ED\QѭӟFQJRjLJk\UDFKRErQWKӭEDWUrQPһWÿҩW
&{QJѭӟF5RPH
 Protocol Supplementary to the Convention for the Unification of Certain Rules Relating to
Damage Caused by Foreign Aircraft to Third Parties on the Surface (1938 Brussels Protocol)
- 1JKӏÿӏQKWKѭEәVXQJFKR&{QJѭӟFWKӕQJQKҩWPӝWVӕTX\WҳFOLrQTXDQÿӃQWKLӋWKҥLGR
Pi\ED\QѭӟFQJRjLJk\UDFKRErQWKӭEDWUrQPһWÿҩW1JKӏÿӏQKWKѭ%UXVVHOV
 Convention on Damage Caused by Foreign Aircraft to Third Parties on the Surface signed at
Rome on 7 October 1952 (1952 Rome Convention) - &{QJѭӟFYӅ7KLӋWKҥLGR0i\ED\
1ѭӟFQJRjL*k\UDFKR%rQ7KӭEDWUrQ0һWÿҩWÿѭӧFNêWҥL5RPHYjRQJj\WKiQJ
QăP&{QJѭӟF5RPH
 Protocol to Amend the Convention on Damage Caused by Foreign Aircraft to Third Parties on
the Surface, as adopted and signed at Montreal on 23 September 1978 and entered into
force on 25 July 2002 (The 1978 Protocol) - 1JKӏÿӏQKWKѭVӱDÿәL&{QJѭӟFYӅWKLӋWKҥLGR
Pi\ED\QѭӟFQJRjLJk\UDFKRErQWKӭEDWUrQPһW ÿҩWÿѭӧFWK{QJTXDYjNêNӃWWҥL
0RQWUHDOYjRQJj\WKiQJQăPYjFyKLӋXOӵFYjRQJj\WKiQJQăP1JKӏ
ÿӏQKWKѭQăP