The URL can be used to link to this page

Home My WebLink About2019 Management Letter !"#$#%&'(!)*+,-&,#% -!.'!%/#0+ !)*+,)#1$2*( )*+,#034&$/+#$56((*$#*/ 6$7(&$$*$8&$97!%0#%.*$8#1%&19*+#0+ !8#4!%$.!$+&(&2+*4*+*!/5+ !'1/*$!//:+,7!&2+*4*+*!/5+ ! 9*/2%!+!(,7%!/!$+!92#.7#$!$+1$*+5!&2 .&;#%01$95&$9+ !&88%!8&+!%!.&*$*$801$9*$0#%.&+*#$ #0+ !)*+,#034&$/+#$56((*$#*/<+ !)*+,=&/#0&$90#%+ !,!&%!$9!9>!2!.'!%?@5AB@C5*$ &22#%9&$2!D*+ &19*+*$8/+&$9&%9/8!$!%&((,&22!7+!9*$+ !E$*+!9F+&+!/#0G.!%*2&5D!2#$/*9!%!9 + !)*+,HI*$+!%$&(2#$+%#(#4!%0*$&$2*&(%!7#%+*$8<*$+!%$&(2#$+%#(=&/&'&/*/0#%9!/*8$*$8&19*+ 7%#2!91%!/+ &+&%!&77%#7%*&+!*$+ !2*%21./+&$2!/0#%+ !71%7#/!#0!J7%!//*$8#1%#7*$*#$/#$+ ! 0*$&$2*&(/+&+!.!$+/5'1+$#+0#%+ !71%7#/!#0!J7%!//*$8&$#7*$*#$#$+ !!00!2+*4!$!//#0+ !)*+,HIK *$+!%$&(2#$+%#(LG22#%9*$8(,5D!9#$#+!J7%!//&$#7*$*#$#$+ !!00!2+*4!$!//#0+ !)*+,HI*$+!%$&( 2#$+%#(L G9!0*2*!$2,*$*$+!%$&(2#$+%#(!J*/+/D !$+ !9!/*8$#%#7!%&+*#$#0&2#$+%#(9#!/$#+&((#D .&$&8!.!$+#%!.7(#,!!/5*$+ !$#%.&(2#1%/!#07!%0#%.*$8+ !*%&//*8$!901$2+*#$/5+#7%!4!$+5 #%9!+!2+&$92#%%!2+5.*//+&+!.!$+/#$&+*.!(,'&/*/LG.&+!%*&(D!&M$!//*/&9!0*2*!$2,5#%& 2#.'*$&+*#$#09!0*2*!$2*!/5*$*$+!%$&(2#$+%#(5/12 + &++ !%!*/&%!&/#$&'(!7#//*'*(*+,+ &+& NOPQRSOTKNSIIPOPQNQUPKVWKPXQKQUPSPYHIKWSUOUZSOTKIPOPQNQUPIK[STTKUVPK\QK]RQ^QUPQ_5#%9!+!2+!9&$9 2#%%!2+!95#$&+*.!(,'&/*/L `1%2#$/*9!%&+*#$#0*$+!%$&(2#$+%#(D&/0#%+ !(*.*+!971%7#/!9!/2%*'!9*$+ !0*%/+7&%&8%&7 &$9 D&/$#+9!/*8$!9+#*9!$+*0,&((9!0*2*!$2*!/*$*$+!%$&(2#$+%#(+ &+.*8 +'!.&+!%*&(D!&M$!//!/L a*4!$+ !/!(*.*+&+*#$/91%*$8#1%&19*+5D!9*9$#+*9!$+*0,&$,9!0*2*!$2*!/*$*$+!%$&(2#$+%#(+ &+ D!2#$/*9!%+#'!.&+!%*&(D!&M$!//!/L"#D!4!%5.&+!%*&(D!&M$!//!/.&,!J*/++ &+ &4!$#+'!!$ *9!$+*0*!9L */2#..1$*2&+*#$*/*$+!$9!9/#(!(,0#%+ !*$0#%.&+*#$&$91/!#0+ !-&,#%5)*+,)#1$2*(&$9 .&$&8!.!$+&$9*/$#+*$+!$9!9+#'!5&$9/ #1(9$#+'!51/!9',&$,#$!#+ !%+ &$+ !/!/7!2*0*!9 7&%+*!/L b&7!%4*((!56((*$#*/ c1(,@d5ABAB