RGMG[OLQHJ DHKWRHQGL QHSODMH@H_H

AOLHS DGSGJHQHL
WRQ RWSDGSMHS CORHQWFHJ
F`.[hyh Cophtufhj Le. 8;3 As. Cophtufhj Dgc. Cophtufhj Deag Res 1>8:?
Qg`p. (2;>7) 97:21:2 G-mho` 6 pdmcophtufhjBimho`.cem
Ygksotg 6 pusdgsmhscophtufhjBk`eispet.ce.oa

DG[HLIDH HCWHL DGIOHQHL

 RGLOLIDHQHL DHRHSOQHS DHAG[ RES_HLAW AH@HM RG[QWMKWJHL
AHL RG[DGMKHLIHL KH@OQH

O. RGLAHJW@WHL
Dgkgr
Dgkgrjhs
jhso`h
o`hll suh
suhtu
tu khlis
khlishh tgr
tgrihl
ihltul
tulii pha
phahh dgk
dgkgrj
grjhso
hso`hl
`hl pg
pgmkh
mkhliu
liulhl
lhl
mhlusohlyh. Dgkgrjhso`hl pgmkhliulhl ao koahli dgsgjhthl yhli `gkoj aohrhjdhl
phah uphyh mgluruldhl hlidh dgmhtohl khyo, hlhd kh`oth ahl hlidh dg`hjorhl,
tgrih
tgrihltu
ltuli
li ph
phah
ah dgk
dgkgr
grjhs
jhso`h
o`hll ah
ah`hm
`hm mgmko
mgmkolh
lh mhs
mhsyhr
yhrhdh
hdhtt hi
hihr
hr mhm
mhmpu
pu ult
ultud
ud
mgmgchjdhl mhsh`hj yhli aojhahpolyh ah`hm kgltud pgrhl sgrth. Jh` yhli pgr`u
ao`hdudhl hah`hj mgligmkhlidhl pgligrtohl dgshahrhl, dgmhmpuhl ahl prhdhrsh
mhsyhrhdht, yhli kgrhrto khjwh mhsyhrhdht kgrpgrhl sgrth hdton ahl kgrthliiuli
 fhwhk ah`hm pg`hdshlhhl dgsgjhthl. Sgchrh epgrhsoel
epgrhsoelh`,
h`, aotolidht agsh hthu
dg``urh
dg urhjh
jhll, uphyh
hyh ultud mgl
mglurul
uruldh
dhll hli
lidh
dh dgmh
dgmhttoh
ohll khyo
yo,, Re
Resy
syhhlau
aosg`gliihrhdhl ultud dgpgltolihl mhsyhrhdht, sgjoliih mhsyhrhdht sglaoro yhli
hdton mgmkgltud, mglyg`gliihrhdhl ahl mgmhlnhhtdhl pesyhlau sgkhod-khodlyh.
Rgrhl sgrth mhsyhrhdht shliht aopgr`udhl ah`hm pgmhlnhhthl pesyhlau (Syhngo,
;22:).
;22:). Wph
Wphyh
yh mgl
mgloli
olidht
dhtdhl
dhl pg
pgrhl
rhl sgrth
sgrth mhs
mhsyhr
yhrhdh
hdhtt hl
hlthr
thrhh `ho
`holl mg`
mg`h`u
h`uoo sos
sostgm
tgm
pgmhlthuhl pgligthjuhl dhagr pesioth ah`hm pglcgihjhl stultoli.

OO. @HQH[KG@HDHLI
Dhagr pesyhlau mgruphdhl po`hr uthmh pgliigrhd pgmkhliulhl djususlyh
ao ko
koahl
ahlii dgsgjh
dgsgjhthl
thl.. Res
Resyhl
yhlau
au tgthp
tgthp mgr
mgrup
uphdh
hdhll shr
shrhlh
hlh pgl
pgltol
tolii ao `ol
`olidu
idulih
lihll
mhsyhrhdht ultud mglchpho dg`uhrih shahr iozo. Jh` olo tgr`ojht ahro jhso` [osdgsahs
thjul ;282 sgkhlyhd :2,>% mhsyhrhdht mgliiulhdhl pesyhlau sgkhiho shrhlh
pg`hyhlhl pgmhlthuhl pgrtumkujhl. Sg`hol dgiohthl pgmhlthuhl pgrtumkujhl,
dgiohthl pesyhlau tgroltgirhso aglihl pg`hyhlhl `hollyh sgpgrto iozo, omuloshso,
pg`hyhlhl dgsgjhthl oku ahl hlhd, dg`uhrih kgrglchlh, pglhliiu`hlihl aohrg
sgrth pglyu`ujhl ahl delsg`oli.
 

Ah`hm pg`hdshlhhllyh pesyhlau aometero e`gj dhagr tgrpo`oj yhli tgr`htoj ahl
tgrhmpo` ultud mg`hdshlhdhl dgiohthl rutol ao pesyhlau mhupul ao`uhr jhro kudh
pesyhl
pesyhlau
au.. Lhm
Lhmul
ul agm
agmodo
odohl
hl ao`
ao`hp
hphli
hlihl
hl mgl
mglul
ulfud
fuddhl
dhl ha
hahly
hlyhh dgl
dglah
ah`h
`h ah`hm
ah`hm
pg`hdshlh
pg`hdshlhhl
hl pesyh
pesyhlau
lau sgpg
sgpgrto
rto tgrk
tgrkhthsl
hthslyh
yh pgligthj
pgligthjuhl
uhl ahl dgtrh
dgtrhmpo`h
mpo`hll dhag
dhagr,
r,
 fum`hj dhagr, ahl hahlyh pgrihltohl dhagr/arep
dhagr/arepeut
eut dhagr sgrth audulihl hphrht
tgrdhot yhli kgrhdokht kg`um eptomh`lyh chduphl preirhm iozo.
Kgrahshrdhl RDR thjul ;28: chduphl a/s mhsoj ao khwhj thrigt yhdlo 99 %.
Wltud mglchpho thrigt pgr`u ao`hdudhl uphyh tgrekeshl yhli mgmo`odo ahyh ulidot
ah`hm mglolidhtdhl chduphl preirhm iozo.
Kgrahshrdhl Oltrudso Rrgsoagl Le.3 thjul ;282 tglthli preirhm Rgmkhliulhl
yhli kgrdghao`hl aohlthrhlyh mglihmhlhtdhl ah`hm pgrkhodhl iozo mhsyhrhdht
pgr`u aoudur prgsglthso kh`oth aotomkhli kgrht khahllyh (A/S) ahl rglchlh strhtgios
Dgmgltrohl Dgsgjhthl ;282-;281 tg`hj mglgthpdhl ; olaodhter dg`uhrhl pgmkolhhl
iozo yhli jhrus aochpho yhotu 6 8. :7% kh`oth aotomkhli (A/S), ;. 822% kh`oth iozo
kurud mglahpht pgrhwhthl. Rgrhturhl tgrsgkut aohths mglfhao ahshr ah`hm uphyh
mglol
mglolidh
idhtdh
tdhll ahyh
ahyh iulh
iulh pesyhl
pesyhlau
au mg`h`u
mg`h`uoo pgmkol
pgmkolhhl
hhl dgphah
dgphah dhagr
dhagr sgchr
sgchrhh
kgrdgsolhmkulihl.
Wltu
Wltudd otu
otu pg
pgr`
r`uu ao`h
ao`hdu
dudh
dhll pg
pgmk
mkol
olhh
hhll tgrj
tgrjha
hahp
hp dhag
dhagrr pe
pesyh
syhla
lauu sgch
sgchrh
rh
kgrdgsolhmkulihl sgjoliih aojhso`dhl duh`oths dhagr pesyhlau yhli tgr`htoj ahl
tgrhmpo` ahl mhmpu mg`hdshlhdhl dgiohthl
d giohthl pesyhlau sgchrh mglyg`uruj.

OOO. QWFWHL
8. Qu
Qufu
fuhhl W
Wm
mum 6
Mglo
Mgloli
lidh
dhtd
tdhl
hl pg
pgli
ligt
gthj
hjuh
uhl,
l, dgmh
dgmhmp
mpuh
uhll ah
ahll dgtr
dgtrhm
hmpo
po`h
`hll dhag
dhagr 
r 
pesyhlau.
;. Qu
Qufu
fuhl
hl Djus
Djusus
us 6
h. Dhag
Dhagrr mhmp
mhmpuu ah
ah`h
`hm
m mg
mg`h
`hds
dshl
hlhd
hdhl
hl dg
dgio
ioht
hthl
hl pes
esyh
yhla
lauu sg
sgch
chrh
rh
mglyg`uruj
 k. Dhagr
Dhagr mhmpu
mhmpu mg`
mg`hdu
hdudhl
dhl pg
pgliu
liudur
durhl
hl hlt
hltre
repem
pemgtr
gtroo ag
agli
lihl
hl kh
khod
od ah
ahll
kglhr 
c. Dhagr mhmpu mg`hdudhl agtgdso aolo mhsh`hj iozo

O^. DG
DGIO
IOHQ
HQHL
HL RE
REDE
DED
DAAHL
HL [O
[OLC
LCOHL
OHL DGIO
DGIOHQ
HQHL
HL
 

Le Dgiohthl Reded [olcohl Dgiohthl

8. pgmhlthuhl - Mgmkhiodhl surht ulahlihl pgrtgmuhl dhagr dg Koahl Agsh

pgligthjuhl - Mgmpgrs
Mgm rsoohpdh
dhll sum
sumkgra
rahy
hyhh sgp
gpggrt
rtoo `hpte
hptepp, olne
nedu
dus,
s,
dhagr pesioth ruhlihl,mhtgro, h`ht pgrhih hltrepemgtro ahl DMS
- Dhagr mglioso ahnthr jhaor 
ah`hm - Dg
Dgph
ph`h
`h pu
pusd
sdgs
gsmh
mhss ah ahll prprei
eirg
rgmg
mgrr mgly
mglyoh
ohpd
pdhl
hl mhtg
mhtgro
ro
pglcgihjhl chrhpgmkgrohl
chrhpgmkgrohl MR-HSO phah khyo ahl kh`oth iozo kurud/ durus, ahl
stultoli.
mgmkgrodhl pg`htojhl chrh mgliudur sthtus iozo khyo ahl kh`oth

^. CH[H MG@HDSHLHDHL DGIOHQHL

Dgiohthl @olths preirhm @olths sgdter 

Le Rg`hdshlh Rreirhm Iozo Dgt
Reded tgrdhot tgrdhot

8. Rgmhlthuhl - Mgmkuht surht ulahlihl - Koahl Agsh - Dhagr jhaor

dhphsoths pgrtgmuhl Dhagr  mgmkhiodhl molomh` 8
dhagr ah`hm - Mglyohpdhl mhtgro ahl surht dg pesyhlau 8
pgmhlthuhl h`ht ultud dgph`h Agsh erhli hihr
pgrtumkujhl pglhlahthlihlhl - RF hchrh kosh
ahl demotmgl mglyohpdhl mglihp`odhso
pgrdgmkhlih - Mgmkgrodhl pg`htojhl hchrh dhl ao
l kh`oth tglthli chrh pgmkgrohl tgrmhsud pesyhlau
mhdhlhl thmkhjhl phah sumkgr ahyh mhsoli-
khyo ahl kh`oth >-7? k`l ahl aedumgl mhsoli
ahl chrh mglijotuli
sthtus iozo

^O. SHSH[HL
Dhagr Resyhlau

^OO. FHAYH@ RG@HDSHLHHL DGIOHQHL

Le Wrhohl Dgiohthl Ku`hl

Fhl Ngk Mhr Hpr Mgo Ful Fu` His Sgp Edt Lep Ags
8 Rgmhl
mhlthuhl ppggligthj
thjuhl
Dhagr pesioth ah`hm ∖
pglcgihjhl stultoli

^OOO. G^H@WHSO
G^H@WHSO R
RG@HDSHL
G@HDSHLHHL
HHL DGIOHQ
DGIOHQHL
HL A
AHL
HL R
RG@HRE[
G@HRE[HL
HL
Gvh`uhso pg`hdshlhhl dgiohthl ao`hdudhl ultud mg`ojht hphdhj dgiohthl
d giohthl suahj
tgr`hdshlh sgsuho fhawh` yhli tg`hj aorglchlhdhl. Gvh`uhso olo ao`hdudhl sgtohp
ku`hl sgsuho aglihl fhawh` dgiohthl, aglihl pg`hperhl jhso`-jhso` yhli aochpho
phah ku`hl tgrsgkut. Rg`hperhl aokuht ahl ao`hperdhl dgphah Dgph`h Rusdgsmhs.
OZ. RG
RGLC
LCHQ
HQHQ
HQHL,
HL, RG@
RG@HR
HRE[
E[HL
HL AH
AHL
L G^H@WH
G^H@WHSO
SO DG
DGIO
IOHQ
HQHL
HL
Rglcht
Rglchthth
hthll ag
aglih
lihll mg
mglii
liiulh
ulhdhl
dhl rgi
rgiost
ostgr
gr ahl ner
nermht
mht `hp
`hperh
erhll yhl
yhlii tg`hj
tg`hj
aotgthpdhl. Rg`hperhl dgiohthl ao`hdudhl dgtodh sg`gsho mg`hdudhl dgiohthl ahl
 

ao
ao`h
`hpe
perd
rdhl
hl dg
dgph
phah
ah pg
pglh
lhli
liiu
iuli
li fh
fhwh
whkk WD
WDM,
M, Dg
Dgph
ph`h
`h Rusdg
Rusdgsm
smhs
hs ah
ahll Ao
Aolh
lhss
Dgsgjhthl
Dgsgjhthl Dhkuphtg
Dhkuphtgll Qhsodm
Qhsodmh`hyh
h`hyh sgtohp thli
thliih`
ih` 7 ku`h
ku`hll kgro
kgrodutly
dutlyh.
h. Gvh`u
Gvh`uhso
hso
dgiohthl ao`hdudhl sgtohp toih ku`hl sgdh`o sgsuho aglihl fhawh` meloteroli ahl
gvh`uhso WRQ Rusdgsmhs Cophtufhj.

Cophtufhj, ;28?
Mgligthjuo,
Dgph`h WRQ RWSDGSMHS Qglhih Rg`hdshlh Iozo
CORHQWFHJ
 

QH[MHL,SDM. SJG[H MWQOH[H [HJMHLO, S.Iz

LOR. 8?9;27298??3238229 LOR. 8??12?2>;28?23;22>

DG[HLIDH HCWHL DGIOHQHL

RGLOLIDHQHL DHRHSOQHS DHAG[ AH@HM RG[QWMKWJHL AHL

RG[DGMKHLIHL KH@OQH (HLQ[EREMGQ[O)
 

WRQ RWSDGSMHS CORHQWFHJ

QHJWL ;28?