Singapore Exchange

Live  

The Singapore Exchange (SGX) is the primary securities exchange of Singapore. It was established in 1999 with the merger of two established exchanges, the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). The SGX offers a comprehensive range of financial products and services that include equities, derivatives, fixed income, and commodities trading.
The exchange is regulated by the Monetary Authority of Singapore (MAS) and operates under the principles of transparency, integrity, and efficiency. It is a publicly traded company with a market capitalization of approximately $9 billion as of 2021 and is listed on its own exchange.
The SGX is an attractive investment destination for both domestic and international investors, due to its stable and transparent financial system, strong economic growth, and strategic location in the Asia-Pacific region. It serves as a gateway for investors to access the fast-growing economies in the region, particularly China and India.
In addition to its main securities market, the SGX also has other subsidiary markets, including the Singapore Exchange Securities Trading Limited (SEST) for securities trading, the Singapore Exchange Derivatives Trading Limited (SGX-DT) for derivatives trading, and the Central Depository (CDP) for securities clearing and settlement.
The SGX is committed to promoting and maintaining a fair and orderly market, providing a secure and efficient platform for the trading and clearing of financial products, and continued innovation to meet the changing needs of investors.
In recent years, the SGX has also focused on developing sustainable and socially responsible practices within the financial industry, with initiatives such as its Sustainability Bond Programme and ESG Reporting Guide for listed companies.
In summary, the Singapore Exchange is a reliable and well-regarded financial institution that plays a vital role in the local and regional economy, serving as a hub for investment and financial activities.

T2theSEgSW 1hZ2luZSB0 aGUgU2luZ2 Fwb3JlIEV4 Y2hhbmdlIC hTR1gpIGFz IGEgYmlnIG 1hcmtldHBs YWNlIHdoZX JlIHBlb3Bs ZSBidXkgYW 5kIHNlbGwg cGFydHMgb2 YgY29tcGFu aWVzLCB3aG ljaCB3ZSBj YWxsIHN0b2 Nrcy4gPGJy PldoZW4gc2 9tZW9uZSBi ZWxpZXZlcy B0aGF0IGEg Y29tcGFueS B3aWxsIGRv IHdlbGwgaW 4gdGhlIGZ1 dHVyZSwgdG hleSBjYW4g YnV5IGEgc2 1hbGwgcGll Y2Ugb2YgdG hhdCBjb21w YW55LCB3aG ljaCBpcyB3 aGF0IGEgc3 RvY2sgaXMu IFRoZSBTR1 ggaXMgdGhl IHBsYWNlIH RoYXQgaGVs cHMgbWFrZS B0aGVzZSBi dXlpbmcgYW 5kIHNlbGxp bmcgYWN0aX ZpdGllcyBo YXBwZW4gc2 1vb3RobHkg YW5kIHNhZm VseS4gPGJy Pk5vdywgaG 93IGRvZXMg U0dYIG1ha2 UgbW9uZXk/ IFRoZXkgY2 hhcmdlIGEg c21hbGwgZm VlIGV2ZXJ5 IHRpbWUgc2 9tZW9uZSBi dXlzIG9yIH NlbGxzIHN0 b2NrcyBvbi B0aGVpciBt YXJrZXRwbG FjZS4gSXTi gJlzIGEgYm l0IGxpa2Ug d2hlbiB5b3 UgZ28gdG8g YSBmdW4gZm FpciBhbmQg dGhlcmXigJ lzIGEgc21h bGwgcHJpY2 UgdG8gcGxh eSBlYWNoIG dhbWUuIFNH WCBhbHNvIG 1ha2VzIG1v bmV5IGZyb2 0gb3RoZXIg c2VydmljZX MsIGxpa2Ug aGVscGluZy Bjb21wYW5p ZXMgZ2V0IG xpc3RlZCBv biB0aGUgZX hjaGFuZ2Ug b3Igb2ZmZX JpbmcgZGlm ZmVyZW50IH R5cGVzIG9m IGZpbmFuY2 lhbCBwcm9k dWN0cy48Yn I+VGhlIHJl YXNvbiB3aH kgdGhlIFNp bmdhcG9yZS BFeGNoYW5n ZSBpcyBzdW NjZXNzZnVs IGlzIHRoYX QgU2luZ2Fw b3JlIGlzIG EgdmVyeSBm cmllbmRseS BwbGFjZSBm b3IgYnVzaW 5lc3Nlcywg YW5kIG1hbn kgY29tcGFu aWVzIHdhbn QgdG8gYmUg cGFydCBvZi BpdC4gUGVv cGxlIGZyb2 0gYXJvdW5k IHRoZSB3b3 JsZCB0cnVz dCBTR1ggdG 8gaGVscCB0 aGVtIGJ1eS BhbmQgc2Vs bCBzdG9ja3 MuIFRoZXkg YWxzbyBrZW VwIGltcHJv dmluZyB0aG VpciB0ZWNo bm9sb2d5IG FuZCBzZXJ2 aWNlcywgd2 hpY2ggbWFr ZXMgdHJhZG luZyBlYXNp ZXIgYW5kIG Zhc3Rlci48 YnI+SW4gdG hlIGZ1dHVy ZSwgU0dYIG lzIGxpa2Vs eSB0byBzdG F5IHN1Y2Nl c3NmdWwgYm VjYXVzZSBt YW55IHBlb3 BsZSB3YW50 IHRvIGludm VzdCBpbiBj b21wYW5pZX MgdG8gZ3Jv dyB0aGVpci Btb25leSwg YW5kIGFzIG xvbmcgYXMg Y29tcGFuaW VzIHdhbnQg dG8gYmUgbG lzdGVkIGlu IGEgc2FmZS BhbmQgcmVs aWFibGUgd2 F5LCBTR1gg d2lsbCBiZS B0aGVyZSB0 byBoZWxwLi BQbHVzLCB0 aGV5IGFyZS BhbHdheXMg dHJ5aW5nIH RvIGZpbmQg bmV3IGFuZC BleGNpdGlu ZyB3YXlzIH RvIGRyYXcg aW4gbW9yZS B0cmFkZXJz IGFuZCBpbn Zlc3RvcnMs IHdoaWNoIH dpbGwgaGVs cCBrZWVwIH RoZW0gc3Ry b25nITxicj 4=

MS4gU3RyYX RlZ2ljIExv Y2F0aW9uOi BCZWluZyBs b2NhdGVkIG luIFNpbmdh cG9yZSwgb2 5lIG9mIHRo ZSB3b3JsZC dzIGxlYWRp bmcgZmluYW 5jaWFsIGh1 YnMsIHByb3 ZpZGVzIHRo ZSBTaW5nYX BvcmUgRXhj aGFuZ2UgKF NHWCkgd2l0 aCBhY2Nlc3 MgdG8gYSBk aXZlcnNlIH JhbmdlIG9m IHJlZ2lvbm FsIGFuZCBn bG9iYWwgbW Fya2V0cywg bWFraW5nIG l0IGFuIGlt cG9ydGFudC BnYXRld2F5 IGJldHdlZW 4gQXNpYSBh bmQgdGhlIH Jlc3Qgb2Yg dGhlIHdvcm xkLjxicj4y LiBCcm9hZC BQcm9kdWN0 IFBvcnRmb2 xpbzogVGhl IFNHWCBvZm ZlcnMgYSB3 aWRlIHJhbm dlIG9mIGZp bmFuY2lhbC Bwcm9kdWN0 cyBhbmQgc2 VydmljZXMs IGluY2x1ZG luZyBlcXVp dGllcywgZG VyaXZhdGl2 ZXMsIGZpeG VkIGluY29t ZSwgYW5kIG NvbW1vZGl0 aWVzLCBjYX RlcmluZyB0 byB0aGUgbm VlZHMgb2Yg Ym90aCBkb2 1lc3RpYyBh bmQgaW50ZX JuYXRpb25h bCBpbnZlc3 RvcnMuPGJy PjMuIFJlZ3 VsYXRlZCBh bmQgRWZmaW NpZW50IEV4 Y2hhbmdlOi BUaGUgU0dY IGlzIHJlZ3 VsYXRlZCBi eSB0aGUgTW 9uZXRhcnkg QXV0aG9yaX R5IG9mIFNp bmdhcG9yZS AoTUFTKSwg d2hpY2ggaX Mga25vd24g Zm9yIGl0cy BzdHJvbmcg cmVndWxhdG 9yeSBmcmFt ZXdvcmsgYW 5kIHN0cmlj dCBvdmVyc2 lnaHQuIFRo aXMgZW5zdX JlcyBhIGZh aXIgYW5kIH RyYW5zcGFy ZW50IHRyYW RpbmcgZW52 aXJvbm1lbn QgZm9yIG1h cmtldCBwYX J0aWNpcGFu dHMuPGJyPj QuIFRlY2hu b2xvZ3kgYW 5kIElubm92 YXRpb246IF RoZSBTR1gg aXMgYXQgdG hlIGZvcmVm cm9udCBvZi B0ZWNobm9s b2d5IGFuZC Bpbm5vdmF0 aW9uLCBjb2 5zdGFudGx5 IGV2b2x2aW 5nIGFuZCBp bnRyb2R1Y2 luZyBuZXcg cHJvZHVjdH MgYW5kIHNl cnZpY2VzIH RvIG1lZXQg dGhlIGNoYW 5naW5nIG5l ZWRzIG9mIH RoZSBtYXJr ZXQuIEl0IH dhcyB0aGUg Zmlyc3QgZX hjaGFuZ2Ug aW4gQXNpYS B0byBpbnRy b2R1Y2UgZW xlY3Ryb25p YyB0cmFkaW 5nIGFuZCBo YXMgc2luY2 UgY29udGlu dWVkIHRvIG Fkb3B0IGFk dmFuY2VkIH RlY2hub2xv Z2llcy48Yn I+NS4gU3Ry b25nIEVjb2 5vbWljIGFu ZCBQb2xpdG ljYWwgRW52 aXJvbm1lbn Q6IFRoZSBw b2xpdGljYW wgYW5kIGVj b25vbWljIH N0YWJpbGl0 eSBvZiBTaW 5nYXBvcmUg cHJvdmlkZX MgYSBjb25k dWNpdmUgZW 52aXJvbm1l bnQgZm9yIG J1c2luZXNz ZXMgdG8gdG hyaXZlLiBU aGlzIHN0YW JpbGl0eSwg YWxvbmcgd2 l0aCB0aGUg Y291bnRyeS dzIHN0cm9u ZyByZWd1bG F0b3J5IGZy YW1ld29yay wgbWFrZXMg dGhlIFNHWC BhIHByZWZl cnJlZCBkZX N0aW5hdGlv biBmb3IgaW 52ZXN0b3Jz Ljxicj42Li BEaXZlcnNp ZmllZCBhbm QgR2xvYmFs IENvbXBhbn kgTGlzdGlu Z3M6IEFzIH RoZSBvbmx5 IHN0b2NrIG V4Y2hhbmdl IGluIFNpbm dhcG9yZSwg dGhlIFNHWC Bib2FzdHMg YSBkaXZlcn NlIHJhbmdl IG9mIGxpc3 RlZCBjb21w YW5pZXMgZn JvbSB2YXJp b3VzIGluZH VzdHJpZXMs IGluY2x1ZG luZyBmaW5h bmNlLCBiaW 90ZWNoLCB0 ZWNobm9sb2 d5LCBhbmQg Y29uc3VtZX IgZ29vZHMu IEl0IGFsc2 8gaGFzIGEg c2lnbmlmaW NhbnQgbnVt YmVyIG9mIG ludGVybmF0 aW9uYWwgY2 9tcGFuaWVz IGxpc3RlZC wgcHJvdmlk aW5nIGludm VzdG9ycyB3 aXRoIGFjY2 VzcyB0byBh IGdsb2JhbC Bwb3J0Zm9s aW8gb2Ygc3 RvY2tzLjxi cj43LiBIaW doIExpcXVp ZGl0eTogVG hlIFNHWCBp cyBvbmUgb2 YgdGhlIG1v c3QgbGlxdW lkIGV4Y2hh bmdlcyBpbi BBc2lhLCB3 aXRoIGEgaG lnaCBhdmVy YWdlIGRhaW x5IHRyYWRp bmcgdm9sdW 1lLiBUaGlz IHByb3ZpZG VzIGludmVz dG9ycyB3aX RoIGFuIGVm ZmljaWVudC BtYXJrZXQg dG8gYnV5IG FuZCBzZWxs IHNlY3VyaX RpZXMsIHJl ZHVjaW5nIH RyYW5zYWN0 aW9uIGNvc3 RzIGFuZCBp bmNyZWFzaW 5nIG1hcmtl dCBlZmZpY2 llbmN5Ljxi cj44LiBTdH JvbmcgR3Jv d3RoIFBvdG VudGlhbDog V2l0aCBpdH Mgc3RyYXRl Z2ljIGxvY2 F0aW9uLCBp bm5vdmF0aX ZlIGN1bHR1 cmUsIGFuZC BzdHJvbmcg ZWNvbm9taW MgZnVuZGFt ZW50YWxzLC B0aGUgU0dY IGhhcyBhIH N0cm9uZyBn cm93dGggcG 90ZW50aWFs LCBhdHRyYW N0aW5nIGJv dGggZG9tZX N0aWMgYW5k IGludGVybm F0aW9uYWwg aW52ZXN0bW VudHMuPGJy PjkuIENvbW 1pdG1lbnQg dG8gU3VzdG FpbmFiaWxp dHk6IFRoZS BTR1ggaXMg Y29tbWl0dG VkIHRvIHBy b21vdGluZy BzdXN0YWlu YWJpbGl0eS BhbmQgcmVz cG9uc2libG UgaW52ZXN0 aW5nLiBJdC BoYXMgaW50 cm9kdWNlZC Bpbml0aWF0 aXZlcyBzdW NoIGFzIHRo ZSBTdXN0YW luYWJpbGl0 eSBJbmRpY2 VzIGFuZCBy ZXBvcnRpbm cgcmVxdWly ZW1lbnRzIG ZvciBsaXN0 ZWQgY29tcG FuaWVzLCBw cm9tb3Rpbm cgZW52aXJv bm1lbnRhbC wgc29jaWFs LCBhbmQgZ2 92ZXJuYW5j ZSAoRVNHKS BmYWN0b3Jz Ljxicj4xMC 4gU3Ryb25n IFRyYWNrIF JlY29yZDog VGhlIFNHWC BoYXMgYSBz dHJvbmcgdH JhY2sgcmVj b3JkIG9mIG RlbGl2ZXJp bmcgY29uc2 lzdGVudCBn cm93dGggYW 5kIGZpbmFu Y2lhbCBwZX Jmb3JtYW5j ZSwgbWFraW 5nIGl0IGEg dHJ1c3RlZC BhbmQgcmVs aWFibGUgZX hjaGFuZ2Ug Zm9yIGludm VzdG9ycy4g SXQgaGFzIG Fsc28gd29u IG51bWVyb3 VzIGluZHVz dHJ5IGF3YX JkcywgcmVj b2duaXppbm cgaXRzIGNv bnRyaWJ1dG lvbiB0byB0 aGUgZ2xvYm FsIGZpbmFu Y2lhbCBtYX JrZXRzLg==

VGhlIFNpbm dhcG9yZSBF eGNoYW5nZS AoU0dYKSBp cyBhIGZpbm FuY2lhbCBl eGNoYW5nZS BhbmQgY2xl YXJpbmcgaG 91c2UgdGhh dCBvcGVyYX RlcyBpbiBT aW5nYXBvcm UuIEl0cyBw cmltYXJ5IG J1c2luZXNz IGlzIHRvIH Byb3ZpZGUg YSBwbGF0Zm 9ybSBmb3Ig dGhlIHRyYW Rpbmcgb2Yg c2VjdXJpdG llcywgZGVy aXZhdGl2ZX MsIGFuZCBj b21tb2RpdG llcy4gSXQg YWxzbyBvZm ZlcnMgY2xl YXJpbmcsIH NldHRsZW1l bnQsIGFuZC BkZXBvc2l0 b3J5IHNlcn ZpY2VzIGZv ciB0aGVzZS BmaW5hbmNp YWwgaW5zdH J1bWVudHMu PGJyPlRoZS Bjb21wYW55 J3MgYnVzaW 5lc3MgbW9k ZWwgaXMgYm FzZWQgb24g cHJvdmlkaW 5nIGEgbWFy a2V0cGxhY2 UgZm9yIGNv bXBhbmllcy B0byByYWlz ZSBjYXBpdG FsIGFuZCBm b3IgaW52ZX N0b3JzIHRv IGJ1eSBhbm Qgc2VsbCBz ZWN1cml0aW VzLiBJdCBl YXJucyByZX ZlbnVlIHRo cm91Z2ggdH JhZGluZyBm ZWVzLCBsaX N0aW5nIGZl ZXMsIG1lbW JlcnNoaXAg ZmVlcywgYW 5kIG1hcmtl dCBkYXRhIG ZlZXMuIFNH WCBhbHNvIG dlbmVyYXRl cyBpbmNvbW UgZnJvbSBv ZmZlcmluZy BkYXRhIGFu ZCB0ZWNobm 9sb2d5IHNl cnZpY2VzLC BhcyB3ZWxs IGFzIHByb3 ZpZGluZyBt YXJrZXQgcm VzZWFyY2gg YW5kIGVkdW NhdGlvbiBw cm9ncmFtcy 48YnI+QWRk aXRpb25hbG x5LCBTR1gg b3BlcmF0ZX MgYXMgYSBj ZW50cmFsIG NvdW50ZXJw YXJ0eSwgZ3 VhcmFudGVl aW5nIHRoZS BzZXR0bGVt ZW50IG9mIG FsbCB0cmFk ZXMgb24gaX RzIHBsYXRm b3JtIGFuZC ByZWR1Y2lu ZyBjb3VudG VycGFydHkg cmlzayBmb3 IgaXRzIHBh cnRpY2lwYW 50cy4gSXQg YWxzbyBwcm 92aWRlcyBw b3N0LXRyYW RlIHNlcnZp Y2VzIHN1Y2 ggYXMgY3Vz dG9keSBhbm QgZGVwb3Np dG9yeSBzZX J2aWNlcyBm b3Igc2VjdX JpdGllcy48 YnI+SW4gcm VjZW50IHll YXJzLCBTR1 ggaGFzIGV4 cGFuZGVkIG l0cyBidXNp bmVzcyBieS BpbnRyb2R1 Y2luZyBuZX cgcHJvZHVj dHMgYW5kIH NlcnZpY2Vz IHN1Y2ggYX MgYm9uZCB0 cmFkaW5nLC Bjb21tb2Rp dGllcyB0cm FkaW5nLCBh bmQgZm9yZW lnbiBleGNo YW5nZSB0cm FkaW5nLiBJ dCBoYXMgYW xzbyBleHBh bmRlZCBpdH MgcmVhY2gg Z2xvYmFsbH kgdGhyb3Vn aCBwYXJ0bm Vyc2hpcHMg YW5kIGludm VzdG1lbnRz IGluIG90aG VyIGV4Y2hh bmdlcyBhbm Qgb2ZmZXJz IGEgd2lkZS ByYW5nZSBv ZiBpbnRlcm 5hdGlvbmFs IHByb2R1Y3 RzIGZvciB0 cmFkZXJzLj xicj5PdmVy YWxsLCBTR1 gncyBidXNp bmVzcyBtb2 RlbCBpcyBm b2N1c2VkIG 9uIGZhY2ls aXRhdGluZy BlZmZpY2ll bnQgYW5kIH RyYW5zcGFy ZW50IHRyYW RpbmcgaW4g dGhlIGZpbm FuY2lhbCBt YXJrZXRzIG FuZCBwcm92 aWRpbmcgYS BmdWxsIHN1 aXRlIG9mIH NlcnZpY2Vz IHRvIG1lZX QgdGhlIG5l ZWRzIG9mIG l0cyBjbGll bnRzLg==

AI presents both opportunities and challenges for the Singapore Exchange (SGX) in relation to its products, services, and competitive positioning. Here’s an analysis of the potential threats through substitution, disintermediation, and margin pressure:
1. Substitution: AI can potentially influence the development of alternative trading platforms and financial services that replicate or enhance what SGX offers. For instance, algorithmic trading and robo-advisors might attract users seeking more efficient trading or investment solutions, leading to a shift in market participation away from traditional exchanges. If a new platform utilizes AI to offer superior analytics, faster execution times, or better user experiences, it could substitute certain SGX products.
2. Disintermediation: AI-powered tools can disrupt traditional brokerage services by allowing investors to transact directly through automated systems. This disintermediation reduces reliance on traditional brokers, potentially affecting SGX’s revenue from transaction fees and broker commissions. If retail and institutional investors lean towards direct trading solutions, SGX could experience diminished trading volumes.
3. Margin Pressure: As competition intensifies from AI-driven solutions, SGX may face pressure on its margins. The introduction of high-tech trading platforms can lead to price competition, compelling SGX to lower fees. Additionally, more efficient trading algorithms might reduce the value that traditional brokerage services provide, leading to a potential decrease in fees collected by the exchange.
In summary, while AI presents opportunities for innovation and enhanced services, it also poses material threats to the Singapore Exchange in terms of substitution, disintermediation, and margin pressure. The exchange will need to adapt to these changes by leveraging AI for its own services and continuously enhancing its offerings to maintain a competitive edge.

The sensitivity of a company’s earnings, cash flow, and valuation to changes in interest rates can vary based on several factors, including the company’s debt levels, industry, and overall market conditions.
1. Earnings: Companies with significant variable-rate debt may experience direct impacts on their interest expenses when rates rise, leading to reduced earnings. Conversely, businesses with stable earnings structures may be less affected. Firms in interest-sensitive sectors (like financial institutions) may face greater earnings volatility due to changes in interest rates.
2. Cash Flow: Higher interest rates can negatively affect cash flow, particularly for companies with high leverage. Increased interest expenses can decrease net cash flow from operations. Additionally, higher rates can dampen consumer spending and investment, leading to reduced revenue and cash flow for companies reliant on discretionary spending.
3. Valuation: Generally, higher interest rates lead to increased discount rates used in valuation models, which can lower present values of future cash flows. This results in lower valuations for growth-oriented firms. For income-generating companies, rising rates may make fixed-income investments more attractive, potentially leading to a decline in stock prices as investors shift their preferences.
Overall, sensitivity to interest rate changes is a key consideration in financial analysis, and it varies significantly across different sectors and individual companies on the Singapore Exchange.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgdG hlIFNpbmdh cG9yZSBFeG NoYW5nZeKA mXMgKFNHWC kgZWNvbm9t aWNzIG92ZX IgdGhlIG5l eHQgM+KAkz UgeWVhcnMg aXMgYSBzaW duaWZpY2Fu dCBkZWNsaW 5lIGluIGl0 cyBjb21wZX RpdGl2ZSBw b3NpdGlvbi B3aXRoaW4g dGhlIHJlZ2 lvbmFsIGFu ZCBnbG9iYW wgZmluYW5j aWFsIG1hcm tldHMgZHVl IHRvIHRlY2 hub2xvZ2lj YWwgZGlzcn VwdGlvbiBh bmQgcmVndW xhdG9yeSBj aGFuZ2VzLi A8YnI+SW4g dGhpcyBzY2 VuYXJpbywg YSBjb21iaW 5hdGlvbiBv ZiB0aHJlZS BmYWN0b3Jz IG1pZ2h0IG 9jY3VyOjxi cj4xLiA8c3 Ryb25nPklu Y3JlYXNlZC BDb21wZXRp dGlvbiBmcm 9tIEdsb2Jh bCBFeGNoYW 5nZXM8L3N0 cm9uZz46IE 1ham9yIGlu dGVybmF0aW 9uYWwgZXhj aGFuZ2VzLC BwYXJ0aWN1 bGFybHkgaW 4gQXNpYSwg bWlnaHQgY2 9udGludWUg dG8gaW5ub3 ZhdGUgYW5k IGp1c3RpZn kgbG93ZXIg dHJhZGluZy BmZWVzLCB0 aGVyZWJ5IG F0dHJhY3Rp bmcgY29tcG FuaWVzIGFu ZCBpbnZlc3 RvcnMgYXdh eSBmcm9tIF NHWC4gVGhp cyBjb3VsZC BvY2N1ciBh cyB0aGVzZS BleGNoYW5n ZXMgZW5oYW 5jZSB0aGVp ciB0ZWNobm 9sb2d5IHBs YXRmb3Jtcy wgb2ZmZXJp bmcgZmFzdG VyIGV4ZWN1 dGlvbiBhbm QgYWRkaXRp b25hbCBmZW F0dXJlcywg c3VjaCBhcy BhZHZhbmNl ZCBhbmFseX RpY3MgYW5k IHRyYWRpbm cgcHJvZHVj dHMgdGhhdC BjYXRlciB0 byBldm9sdm luZyBpbnZl c3RvciBkZW 1hbmRzLjxi cj4yLiA8c3 Ryb25nPlRl Y2hub2xvZ2 ljYWwgQWR2 YW5jZW1lbn RzIGluIFRy YWRpbmcgUG xhdGZvcm1z PC9zdHJvbm c+OiBUaGUg ZW1lcmdlbm NlIG9mIGRl Y2VudHJhbG l6ZWQgZmlu YW5jZSAoRG VGaSkgdGVj aG5vbG9naW VzIGFuZCBj cnlwdG9jdX JyZW5jeSBl eGNoYW5nZX MgY291bGQg Y3JlYXRlIG FsdGVybmF0 aXZlIHRyYW RpbmcgdmVu dWVzIHRoYX QgZXJvZGUg U0dY4oCZcy BtYXJrZXQg c2hhcmUuIE FzIGludmVz dG9ycyBzaG lmdCB0b3dh cmRzIG1vcm UgaW5ub3Zh dGl2ZSBhbm QgZGVjZW50 cmFsaXNlZC BwbGF0Zm9y bXMsIHRyYW RpdGlvbmFs IGV4Y2hhbm dlcyBtYXkg c3RydWdnbG UgdG8gYXR0 cmFjdCBuZX cgbGlzdGlu Z3MgYW5kIH RyYWRpbmcg dm9sdW1lcy 48YnI+My4g PHN0cm9uZz 5SZWd1bGF0 b3J5IEJ1cm RlbnM8L3N0 cm9uZz46IF N0cmljdGVy IHJlZ3VsYX RvcnkgcmVx dWlyZW1lbn RzIHJlZ2Fy ZGluZyBkaX NjbG9zdXJl LCB0cmFkaW 5nIHByYWN0 aWNlcywgb3 IgZmluYW5j aWFsIHRyYW 5zYWN0aW9u cyBjb3VsZC ByYWlzZSBj b21wbGlhbm NlIGNvc3Rz IGZvciBTR1 ggYW5kIGl0 cyBtZW1iZX JzLiBUaGlz IGNvdWxkIG xlYWQgdG8g YSBkZWNyZW FzZSBpbiB0 cmFkaW5nIG FjdGl2aXR5 IGFzIGZpcm 1zIG1pZ2h0 IGZpbmQgaX QgYnVyZGVu c29tZSB0by BvcGVyYXRl IHdpdGhpbi B0aGUgbG9j YWwgcmVndW xhdG9yeSBm cmFtZXdvcm sgY29tcGFy ZWQgdG8gbW 9yZSBsZW5p ZW50IGp1cm lzZGljdGlv bnMuPGJyPk lmIHRoaXMg c2NlbmFyaW 8gcGxheXMg b3V0LCB0aG UgZmluYW5j aWFsIGltcG FjdCBvbiBT R1ggd291bG QgbGlrZWx5 IHNob3cgaW 4gdGhlIGZv bGxvd2luZy B3YXlzOjxi cj4tIDxzdH Jvbmc+TWFy Z2luczwvc3 Ryb25nPjog VGhlIGNvbX BhbnnigJlz IG9wZXJhdG luZyBtYXJn aW5zIHdvdW xkIHNocmlu ayBhcyB0cm FkaW5nIHJl dmVudWVzIG RlY2xpbmUg ZHVlIHRvIH JlZHVjZWQg dm9sdW1lcy BhbmQgY29t cGV0aXRpb2 RyaXZlbiBw cmljaW5nIH ByZXNzdXJl LiBBZGRpdG lvbmFsbHks IGhpZ2hlci Bjb21wbGlh bmNlIGNvc3 RzIG1heSBp bmNyZWFzZS BvcGVyYXRp b25hbCBleH BlbnNlcywg ZnVydGhlci BzcXVlZXpp bmcgbWFyZ2 lucy48YnI+ LSA8c3Ryb2 5nPkNhc2gg Rmxvdzwvc3 Ryb25nPjog VGhlIGNvbW JpbmF0aW9u IG9mIGRlY2 xpbmluZyBy ZXZlbnVlcy BhbmQgcmlz aW5nIGV4cG Vuc2VzIHdv dWxkIHJlc3 VsdCBpbiB3 ZWFrZW5lZC BjYXNoIGZs b3dzLiBTR1 ggbWF5IHN0 cnVnZ2xlIH RvIG1haW50 YWluIGl0cy BwcmV2aW91 cyBsZXZlbH Mgb2Ygb3Bl cmF0aW9uYW wgY2FzaCBm bG93LCBmYW NpbmcgcG90 ZW50aWFsIG NoYWxsZW5n ZXMgaW4gZn VuZGluZyBi b3RoIG9wZX JhdGlvbmFs IGNvc3RzIG FuZCBhbnkg bmVjZXNzYX J5IGludmVz dG1lbnRzIG luIHRlY2hu b2xvZ3kgb3 IgaW5ub3Zh dGlvbiB0by ByZW1haW4g Y29tcGV0aX RpdmUuPGJy Pi0gPHN0cm 9uZz5CYWxh bmNlIFNoZW V0PC9zdHJv bmc+OiBJZi BTR1ggZmFj ZXMgb25nb2 luZyByZXZl bnVlIGRlY2 xpbmUgYW5k IGluY3JlYX NlZCBjb3N0 cywgaXQgbW lnaHQgbmVl ZCB0byB1dG lsaXplIGl0 cyBjYXNoIH Jlc2VydmVz IG9yIHRha2 Ugb24gZGVi dCB0byBtYW ludGFpbiBp dHMgbGlxdW lkaXR5IHBv c2l0aW9uLi BPdmVyIHRp bWUsIHRoaX MgY291bGQg bGVhZCB0by BhIGRldGVy aW9yYXRpb2 4gb2YgdGhl IGJhbGFuY2 Ugc2hlZXQs IGNoYXJhY3 Rlcml6ZWQg YnkgcmVkdW NlZCBjYXNo IHJlc2Vydm VzIGFuZCBh IGdyb3dpbm cgZGVidCBi dXJkZW4uIF Byb2xvbmdl ZCBwcmVzc3 VyZSBvbiBm aW5hbmNpYW wgcGVyZm9y bWFuY2UgbW lnaHQgYWxz byBhZmZlY3 QgU0dY4oCZ cyBhYmlsaX R5IHRvIHBh eSBkaXZpZG VuZHMgb3Ig aW52ZXN0IG luIG5ldyBn cm93dGggaW 5pdGlhdGl2 ZXMsIGltcG FjdGluZyBp dHMgYXR0cm FjdGl2ZW5l c3MgdG8gaW 52ZXN0b3Jz Ljxicj5Pdm VyYWxsLCB0 aGlzIHNjZW 5hcmlvIHBy ZXNlbnRzIG EgY29uY2Vy bmluZyBvdX Rsb29rIGZv ciB0aGUgU2 luZ2Fwb3Jl IEV4Y2hhbm dlLCBoaWdo bGlnaHRpbm cgdGhlIGlt cG9ydGFuY2 Ugb2Ygc3Ry YXRlZ2ljIG FkYXB0YWJp bGl0eSBpbi B0aGUgZmFj ZSBvZiBpbm NyZWFzaW5n IGNvbXBldG l0aW9uIGFu ZCByZWd1bG F0b3J5IGNo YW5nZXMuIF RoZSBlZmZl Y3RzIHdvdW xkIHJpcHBs ZSB0aHJvdW doIHRoZSBj b21wYW554o CZcyBmaW5h bmNpYWwgaG VhbHRoLCBs ZWF2aW5nIG l0IG1vcmUg dnVsbmVyYW JsZSB0byBt YXJrZXQgZm x1Y3R1YXRp b25zIGFuZC B1bHRpbWF0 ZWx5IGFmZm VjdGluZyBp dHMgbG9uZy 10ZXJtIHZp YWJpbGl0eS 48YnI+

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvYz lqOHM3RlBX QTNZWFdvej BJTTEud2Vi cCIgYWx0PS JTaW5nYXBv cmUgRXhjaG FuZ2UiIHRp dGxlPSJTaW 5nYXBvcmUg RXhjaGFuZ2 UiICBjbGFz cz0iaW1nLW ZsdWlkIiBo ZWlnaHQ9NT Agd2lkdGg9 NTAgbG9hZG luZz0nbGF6 eScgc3R5bG U9J2JvcmRl ci1yYWRpdX M6IDZweDsn PgoKICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdmbG V4OiAxOyB0 ZXh0LWFsaW duOiBjZW50 ZXI7IG1hcm dpbi1sZWZ0 OiA1cHg7Jz 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPHAgc3 R5bGU9J2Zv bnQtc2l6ZT ogMjZweDsg Y29sb3I6IC MzMzM7IG1h cmdpbi1ib3 R0b206IDE1 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIPCfk4 ggV2FudCB0 byByZWFkIG 1vcmUgYWJv dXQgU2luZ2 Fwb3JlIEV4 Y2hhbmdlPw ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L3A+Cg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8YSBocm VmPSdpbmRl eC5waHA/cG FnZT1zaWdu dXAnIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICMw MDdCRkY7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBjb2 xvcjogI2Zm ZjsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHBhZGRpbm c6IDEwcHgg MjBweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJvcm Rlci1yYWRp dXM6IDVweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH RleHQtZGVj b3JhdGlvbj ogbm9uZTsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGZv bnQtd2VpZ2 h0OiBib2xk OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luLX JpZ2h0OiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdHJhbn NpdGlvbjog YmFja2dyb3 VuZC1jb2xv ciAwLjNzIG Vhc2U7Jwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgb25t b3VzZW92ZX I9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA1NmIz IicKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IG9ubW91c2 VvdXQ9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA3 QkZGIic+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIGZv ciBmcmVlCi AgICAgICAg ICAgICAgIC AgICAgICAg IDwvYT4KCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxzcGFuIH N0eWxlPSdt YXJnaW46ID AgOHB4OyBj b2xvcjogIz U1NTsnPm9y PC9zcGFuPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPGEgaH JlZj0naW5k ZXgucGhwP3 BhZ2U9bG9n aW4nIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGNvbG9y OiAjMDA3Qk ZGOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdGV4dC1k ZWNvcmF0aW 9uOiB1bmRl cmxpbmU7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBmb2 50LXdlaWdo dDogNTAwOy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bsb2cgaW4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9hPgoK CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxwIHN0 eWxlPSdtYX JnaW4tdG9w OiAxNXB4Oy Bmb250LXNp emU6IDEzcH g7IGZvbnQt d2VpZ2h0Oi Bib2xkOyBj b2xvcjogI2 QzMmYyZjsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg 8J+RpSBGcm VlIGVCb29r IGZvciBuZX cgdXNlcnM6 IDxpPiJUaG UgQ2hlY2ts aXN0IFZhbH VlIEludmVz dG9yIOKAlC BBIFNtYXJ0 ZXIgV2F5IH RvIFBpY2sg U3RvY2tzIj wvaT4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9wPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPC EtLQogICAg ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdtYXJnaW 4tdG9wOiAx MnB4OyBmb2 50LXNpemU6 IDEzcHg7IG NvbG9yOiAj NDQ0Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIG5v dyBhbmQgZ2 V0IG91ciBm cmVlIGVCb2 9rIAogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGI+VGhl IENoZWNrbG lzdCBWYWx1 ZSBJbnZlc3 RvciDigJQg QSBTbWFydG VyIFdheSB0 byBQaWNrIF N0b2Nrczwv Yj4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIC0t PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8IS0t CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxkaXYg c3R5bGU9J2 1hcmdpbi10 b3A6IDE2cH g7IGZvbnQt c2l6ZTogMT RweDsgY29s b3I6ICM0ND Q7IGZvbnQt ZmFtaWx5Oi AtYXBwbGUt c3lzdGVtLC BCbGlua01h Y1N5c3RlbU ZvbnQsIFNl Z29lIFVJLC BSb2JvdG8s IEhlbHZldG ljYSBOZXVl LCBzYW5zLX NlcmlmOyBs aW5lLWhlaW dodDogMS42 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBIYXZlIH lvdSBoZWFy ZCBhYm91dC BvdXIgc2hv cnQgPHN0cm 9uZyBzdHls ZT0nZm9udC 13ZWlnaHQ6 IDYwMDsnPk RhaWx5IFZp ZGVvIE5ld3 NsZXR0ZXI8 L3N0cm9uZz 4/CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdodHRwcz ovL3d3dy5p bnNpZ2h0Zn VsdmFsdWUu Y29tL25ld3 NsZXR0ZXIu cGhwJyB0YX JnZXQ9J19i bGFuaycgc3 R5bGU9J2Nv bG9yOiAjMD A3QkZGOyB0 ZXh0LWRlY2 9yYXRpb246 IG5vbmU7IG ZvbnQtd2Vp Z2h0OiA1MD A7IG1hcmdp bi1sZWZ0Oi A2cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBGaW5kIG 91dCBtb3Jl CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 L2E+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICAgICAgIC AgICAgICAt LT4KICAgIC AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgCiAgICAg ICAgCiAgIC AgICAgPHNw YW4gY2xhc3 M9J2JsdXJy ZWQtdGV4dC c+CiAgICAg ICAgICAgIE 1TNGdWR2hs SUYgTnBibW RoY0c5eSBa U0JGZUdOb1 lXIDVuWlNB b1UwZFkgS1 NCM1lYTWda bSA5MWJtUm xaQ0JwIGJp QXhPVGs1SU ggUm9jbTkx WjJnZyBkR2 hsSUcxbGNt IGRsY2lCdl ppQjAgYUdV Z1UzUnZZMi BzZ1JYaGph R0Z1IFoyVW diMllnVTIg bHVaMkZ3Yj NKbCBJR0Z1 WkNCMGFHIF VnVTJsdVoy RncgYjNKbE lFbHVkRyBW eWJtRjBhVz l1IFlXd2dU Vzl1WlggUm hjbmtnUlho aiBhR0Z1Wj JVZ0tGIE5K VFVWWUtTND ggWW5JK01p NGdTWCBRZ2 FYTWdkR2hs IElHOXViSG tnYzMgUnZZ MnNnWlhoai BhR0Z1WjJV Z2FXIDRnVT JsdVoyRncg YjNKbElHRn VaQyBCcGN5 QnZibVVnIG IyWWdkR2hs SUcgeGhjbW RsYzNRZyBj M1J2WTJzZ1 pYIGhqYUdG dVoyVnogSU dsdUlFRnph VyBFdVBHSn lQak11IElG Um9aU0JUUj EgZ2dhR0Z6 SUdFZyBiV0 Z5YTJWMElH IE5oY0dsMF lXeHAgZW1G MGFXOXVJRy A5bUlHOTJa WElnIEpEa3 dNQ0JpYVcg eHNhVzl1SU dGdSBaQ0Jw Y3lCb2IyID FsSUhSdklH MXYgY21VZ2 RHaGhiaSBB NU1EQWdiR2 x6IGRHVmtJ R052YlggQm hibWxsY3k0 OCBZbkkrTk M0Z1ZHIGhs SUdWNFkyaG ggYm1kbElH OW1abSBWeW N5QmhJSGRw IFpHVWdjbU Z1WjIgVWdi MllnWm1sdS BZVzVqYVdG c0lIIEJ5Yj JSMVkzUnog TENCcGJtTn NkVyBScGJt Y2djM1J2IF kydHpMQ0Jp YjIgNWtjeX dnWkdWeSBh WFpoZEdsMl pYIE1zSUdG dVpDQmogYj IxdGIyUnBk RyBsbGN5ND hZbkkrIE5T NGdWR2hsSU YgTkhXQ0Jw Y3lCaCBJRz FoYW05eUlH IGgxWWlCbW IzSWcgZEdo bElIUnlZVy BScGJtY2di MllnIFoyOX NaQ0JoYm0g UWdiM1JvWl hJZyBjSEps WTJsdmRYIE 1nYldWMFlX eHogTENCM2 FYUm9JRyBs MGN5QkJjMm xoIFEyeGxZ WElnY0cgeG hkR1p2Y20w ZyBZV05qYj NWdWRHIGx1 WnlCbWIzSW cgWVNCemFX ZHVhVyBacF kyRnVkQ0J3 IGIzSjBhVz l1SUcgOW1J R2RzYjJKaC BiQ0JuYjJ4 a0lIIFJ5WV dScGJtY3Ug UEdKeVBqWX VJRSBsdUlE SXdNVGdzIE lIUm9aU0JU UjEgZ2djbU Z1YTJWayBJ R0Z6SUhSb1 pTIEIwYUds eVpDQnMgWV hKblpYTjBJ RyB4cGMzUn BibWNnIGRt VnVkV1VnYV cgNGdRWE5w WVMxUSBZV0 5wWm1saklH IEZ1WkNCbW IzVnkgZEdn Z2JHRnlaMi BWemRDQnBi aUIwIGFHVW dkMjl5Ykcg UWdabTl5SU dsdSBhWFJw WVd3Z2NIIF ZpYkdsaklH OW0gWm1WeW FXNW5jeSBB b1NWQlBjeW t1IFBHSnlQ amN1SUYgUm 9aU0JUUjFn ZyBhWE1nWV d4emJ5IEJy Ym05M2JpQm 0gYjNJZ2FY UnpJSCBOMG NtOXVaeUJ5 IFpXZDFiR0 YwYjMgSjVJ R1Z1ZG1seS BiMjV0Wlc1 MElHIEZ1Wk NCb1lYTWcg WW1WbGJpQn laVyBOdloy NXBlbVZrIE lHWnZjaUJw ZEggTWdaV1 ptYjNKMCBj eUJwYmlCam IyIDFpWVhS cGJtY2cgWm 5KaGRXUWdZ VyA1a0lHMW hjbXRsIGRD QnRZVzVwY0 ggVnNZWFJw YjI0dSBQR0 p5UGpndUlG IFJvWlNCbG VHTm8gWVc1 blpTQnBjeS BCMGNtRmta V1FnIGRXNW taWElnYVgg UnpJRzkzYm lCeiBkRzlq YXlCemVXID FpYjJ3Z1V6 WTQgSUdGdV pDQnBjeSBC c2FYTjBaV1 FnIGIyNGdh WFJ6SUcgOT NiaUJpYjNW eSBjMlVzSU cxaGEyIGx1 WnlCcGRDQj AgYUdVZ1pt bHljMyBRZ1 lXNWtJRzl1 IGJIa2djM1 J2WTIgc2da WGhqYUdGdS BaMlVnYVc0 Z2RHIGhsSU hkdmNteGsg SUhSdklHSm xJSCBCMVlt eHBZMng1IE lHeHBjM1Js WkMgNDhZbk krT1M0ZyBT VzRnWVdSa2 FYIFJwYjI0 Z2RHOGcgYV hSeklHMWhh VyA0Z1pYRj FhWFJwIFpY TWdiV0Z5YT IgVjBMQ0Iw YUdVZyBVMG RZSUdGc2My IDhnYjNCbG NtRjAgWlhN Z2RHaGxJRi BOcGJtZGhj Rzl5IFpTQk NiMjVrSUUg MWhjbXRsZE N3ZyBiV0Zy YVc1bklHIG wwSUdFZ1ky OXQgY0hKbG FHVnVjMiBs MlpTQndiR0 YwIFptOXli U0JtYjMgSW dZbTkwYUNC eiBkRzlqYX lCaGJtIFFn WW05dVpDQj AgY21Ga2FX NW5MaiB4aW NqNHhNQzRn IFZHaGxJRk 5IV0MgQm9Z WE1nWlhody BZVzVrWldR Z2FYIFJ6SU c5d1pYSmgg ZEdsdmJuTW dhVyA1MFpY SnVZWFJwIG IyNWhiR3g1 TEMgQjNhWF JvSUc5bSBa bWxqWlhNZ2 FXIDRnUW1W cGFtbHUgWn l3Z1NHOXVa eSBCTGIyNW 5MQ0JNIGIy NWtiMjRzSU UgMTFiV0po YVN3ZyBVMk Z1SUVaeVlX IDVqYVhOam J5d2cgWVc1 a0lGTm9ZVy A1bmFHRnBM aUJKIGRDQm hiSE52SUcg aGhjeUJoSU hOMCBjbUYw WldkcFl5IE J3WVhKMGJt VnkgYzJocG NDQjNhWCBS b0lIUm9aU0 JUIGRHOWph eUJGZUcgTm 9ZVzVuWlNC diBaaUJVYU dGcGJHIEZ1 WkM0PQogIC AgICAgIDwv c3Bhbj4KIC AgICAgICAK ICAgICAgIC A=