-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MLSja2Arx4SJnJCZg0IFnXoQc+HxFnHeSRQvZKFV8CkglQ344HosVCAjnH5aKS0Z
 S2YZfBwREDakjV+AS02Rhw==

<SEC-DOCUMENT>0000950135-07-003693.txt : 20070615
<SEC-HEADER>0000950135-07-003693.hdr.sgml : 20070615
<ACCEPTANCE-DATETIME>20070615141054
ACCESSION NUMBER:		0000950135-07-003693
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20070501
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070615
DATE AS OF CHANGE:		20070615

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA FUND INC
		CENTRAL INDEX KEY:			0000845379
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05749
		FILM NUMBER:		07922487

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6176622965

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>b65752a1e8vk.htm
<DESCRIPTION>THE CHINA FUND, INC.
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>
<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>May&nbsp;1, 2007</B><BR>
<B>Date of Report (Date of Earliest Event Reported)</B>

</DIV>
<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>The China Fund, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Maryland</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>811-05749</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000000000</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction <BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission <BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer <BR>Identification Number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="center" valign="top"><B>c/o State Street Bank and Trust Company</B>
</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>02206-5049</B></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center" valign="top"><B>2 Avenue de Lafayette, 6</B>
<SUP style="font-size: 85%; vertical-align: text-top"><B>th</B></SUP> <B>Floor,</B>
</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center" valign="top"><B>P.O. Box 5049, Boston, Massachusetts</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center" valign="top">(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>1(888) 246-2255</B><BR>
(Registrant&#146;s Telephone Number, Including Area Code)

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the Registrant under any of the following provisions:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">Item&nbsp;7.01. Regulation&nbsp;FD Disclosure</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Item&nbsp;9.01. Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="b65752a1exv99.htm">Insight Newsletter</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "Item&nbsp;7.01. Regulation&nbsp;FD Disclosure" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01. Regulation&nbsp;FD Disclosure.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Regulation&nbsp;FD Rules&nbsp;100-103, The China Fund, Inc. (the &#147;Fund&#148;) furnishes the
Monthly Insight Report of the Fund&#146;s Listed Investment Manager.
</DIV>
<!-- link1 "Item&nbsp;9.01. Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Exhibits
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Monthly Insight Report of the Fund&#146;s Listed Investment Manager</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">

<!-- link1 "SIGNATURES " -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated: June&nbsp;15, 2007
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Mary Moran Zeven
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Name: Mary Moran Zeven<BR>
Title: Secretary</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>
<TR><TD align="left" valign="top">&nbsp;</TD></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Monthly Insight Report of the Fund&#146;s Listed Investment Manager</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>b65752a1exv99.htm
<DESCRIPTION>INSIGHT NEWSLETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="b65752a1b6575201.gif" alt="(MARTIN CURRIE LOGO)">
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>THE CHINA FUND, INC. (CHN)</B>
</TD>
    <TD>&nbsp;</TD>

<TD align="right" valign="top"><IMG src="b65752a1b6575202.gif" alt="(ASIAN DIRECT CAPITAL MANAGEMENT LOGO)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>IN BRIEF</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net asset value per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">US$</TD>
    <TD align="right">43.53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Market price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">US$</TD>
    <TD align="right">36.02</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Premium/(discount)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(17.25</TD>
    <TD nowrap>%)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fund size</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">US$</TD>
    <TD align="right">&nbsp;&nbsp;634.6</TD>
    <TD>m</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Source: State Street Corporation
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">At 31 May 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">US$ returns</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">China Fund NAV</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">MSCI Golden Dragon*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">One month</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Year to date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">One year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33.2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Three years %pa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23.3</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past performance is not a guide to future returns.<BR>
Source: State Street Corporation.
NAV-NAV performance.<BR>
*Source for index data: MSCI.

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>MANAGER&#146;S COMMENTARY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Martin Currie acts as portfolio manager of the listed securities of The China Fund, Inc.
(&#147;Fund&#148;). This commentary is the opinion of Martin Currie Inc.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dire predictions of an imminent collapse in the &#145;China Bubble&#146; multiplied. Even Mr Greenspan
joined in, calling for a &#145;dramatic contraction&#146; in Chinese markets. Domestic interest rates
rose (one-year loan by 18 basis points, one-year deposits by 27 basis points). The reserve
ratio requirement was increased for the eighth time. The stamp tax on share trading tripled.
The result? The Fund&#146;s discount to net asset value widened to 17.25% while the net asset itself
made solid progress. The A-share indices continued to rise as did the H-share index. Even the
world&#146;s worst-performing market, formerly known as Taiwan, managed a gain as the identity of
the presidential candidates was confirmed and investors decided that either would be better
than the incumbent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We expect the A-share market to continue to do well as long as, on the one hand, real interest
rates for savers remain negative and, on the other, corporate earnings growth (&#043;82% year on
year in the first quarter of this year) remains strong. Ahead of the 17th Communist Party
Congress in October, no politician is likely to take the &#145;courageous&#146; decisions necessary to
cause a major setback, namely substantially higher interest rates and currency or a capital
gains tax &#151; all potentially career-ending moves. Also, the government is trying to boost
domestic consumption and needs to sell state assets to fund social security schemes &#151; all
helped by a buoyant market. The main threat probably lies in inflation; CPI rose 3.0% in April,
but pressure came entirely from food prices (food &#043;7.1%, non-food &#043;1%) and is therefore likely
to be of limited duration. Exports rebounded in April (&#043;26.8% year on year, surplus $16.9
billion &#043;61%, year on year) but the Chinese delegation managed to navigate its visit to the
summit in Washington with modest concessions (an export tax on some energy-intensive products,
widening of the currency band and slight acceleration in appreciation, etc.)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">One point to note is that the interest-rate hike was asymmetric: the one-year deposit rate rose
by 27 basis points whilst the one-year loan was increased by only 18 basis points. This may be
a sign that the era of the government subsidising banks at the expense of savers, to make them
attractive for listing, is drawing to a close.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>INVESTMENT STRATEGY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund is 95.6% invested with holdings in 65 companies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our growing interesting in the healthcare sector in China was reflected in the purchase of
Mindray Medical, the leading medical equipment exporter, and China Medical Technologies
(diagnostics and high-intensity ultrasound). Following a change of management, we bought back
Bio-Treat Technology, the wastewater treatment company. We continued our love affair with
Tianjin &#151; now a focus of national development as well as Wen Jia-bao&#146;s hometown &#151; by adding to
Tianjin Development. In Taiwan, we bought shares in the number-one broker Fuh Hwa/Yuan Ta,
which has increased its market share to 10% with the merger, as well as the leading security
service company Taiwan Secom. We funded these by selling Beiren Printing and China Fire Safety,
both of which had disappointed more than once, but which we previously couldn&#146;t sell because of
the illiquidity of their shares.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>Chris Ruffle, Martin Currie Inc*</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">*Martin Currie Ltd and Heartland Capital Management Ltd (HCML)&nbsp;have established MC China
Ltd (MCCL), as a joint venture company, to provide investment management or investment advisory
services to the range of China investment products managed by Martin Currie. MCCL has appointed
Martin Currie Investment Management Ltd (MCIM), or its affiliates, as investment manager of
Martin Currie&#146;s China investment products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">HMCL has seconded both Chris Ruffle and Shifeng Ke to MCIM or its affiliates on a full time
basis with the same roles and responsibilities as if they were full time employees.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>DIRECT INVESTMENT MANAGER&#146;S COMMENTARY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Asian Direct Capital Management (&#147;ADCM&#148;) acts as portfolio manager of the Fund&#146;s direct
securities. This commentary is the opinion of ADCM.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In May, the Fund invested US$3.05&nbsp;million in Hand Enterprise Solutions Ltd (by taking an
11% stake in the holding company, Sino-Twinwood Pte Ltd), as part of a management buyout
(one of China&#146;s first).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Hand was one of the first Chinese consulting firms to specialize in enterprise resource
planning software (ERP). It is now a leading ERP service provider with a superior clientele,
including leading Chinese companies and foreign multinationals. Hand is an important
distributor and implementer of Oracle and SAP&#146;s software in China. The company is developing an
ERP outsourcing business in Japan, and in 2006 won its first outsourcing contract in the US.
This product line will provide additional growth potential.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>KOH Kuek Chiang, Asian Direct Capital Management</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>31 MAY 2007</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>FUND DETAILS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3"></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Market cap</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">US$525.0m</TD>

</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shares outstanding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">14,575,961</TD>

</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exchange listed</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">NYSE</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Listing date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">July 10, 1992</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investment adviser</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">Martin Currie Inc</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Direct investment manager</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right"><FONT style="white-space: nowrap">Asian Direct Capital Management</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Source: State Street Corporation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ASSET ALLOCATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="b65752a1b6575203.gif" alt="(CHART)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Source: State Street Corporation
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTOR ALLOCATION</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">The China</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">MSCI Golden</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Fund, Inc</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Dragon</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Industrials</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">22.1</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financials</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">16.2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">32.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer discretionary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">13.2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer staples</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.7</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Healthcare</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.9</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Information technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">23.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Materials</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Utilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Telecommunications</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.4</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">8.2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other assets &#038; liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.4</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100.0</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>100.0</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Source: State Street Corporation. Source for index data: MSCI
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>PERFORMANCE</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><B>(US$ RETURNS)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">NAV</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Market price</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">One month</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Year to date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Three years %pa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.6</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past performance is not a guide to future returns.<BR>
Source: State Street Corporation

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>DIRECT INVESTMENTS (0.5%)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sino-Twinwood</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Information technology</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">teco Optronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information technology</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>15 LARGEST LISTED INVESTMENTS (39.5%)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai International Airport</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">4.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Merchants Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chaoda Modern Agriculture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Consumer staples</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Finance Street</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daqin Railway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai Zhenhua Port Machinery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Golden Meditech</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Healthcare</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Baoding Tianwei Baobian Electric</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai Lujiazui Finance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Petroleum &#038; Chemical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Energy</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xinjiang Tebian Electric</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Formosa Petrochemical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Energy</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Far East Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Energy</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cathay Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Yangtze Power</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Source: State Street Corporation
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>FUND PERFORMANCE (BASED ON NET ASSET VALUE)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><B>(US$ RETURNS)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">One</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Three</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Calendar</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">One</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Three</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Five</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Since</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">month</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">months</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">year to date</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">year</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">years</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">launch</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">% pa</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">% pa</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">% pa</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>The China Fund, Inc.</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>60.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>32.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>30.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">MSCI Golden Dragon</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px">Hang Seng Chinese Enterprise</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px">Shanghai Stock Exchange 180</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">189.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past performance is not a guide to future returns.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Source: State Street Corporation. Launch date 10 July&nbsp;1992. Three year, five year and since launch
returns are all annualised.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Source for index data: MSCI for the MSCI Golden Dragon and Copyright 2007 Bloomberg LP
for the Hang Seng Chinese Enterprise and the Shanghai Stock Exchange 180. For a full
description of each index please see the index descriptions section.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="b65752a1b6575204.gif" alt="(LINE GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past performance is not a guide to future returns.<BR>
Source: Martin Currie Inc as at 31 May&nbsp;2007.

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="b65752a1b6575205.gif" alt="(LINE GRAPH)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past performance is not a guide to future returns.<BR>
Source: Martin Currie Inc as at 31 May&nbsp;2007.

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="b65752a1b6575206.gif" alt="(BAR GRAPH)">
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff; font-weight: bold">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.51</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.98</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Past performance is not a guide to future returns.<BR>
Source: State Street Corporation.

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>31 MAY 2007</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Sector</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Company (BBG ticker)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Holding</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Value $</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">% of portfolio</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Hong Kong</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>22.2</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chaoda Modern Agriculture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">682 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$6.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,407,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,995,738</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Golden Meditech</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">8180 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$3.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,040,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,736,996</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xinao Gas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2688 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$9.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,286,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,534,665</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tianjin Development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">0882 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$8.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,440,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,327,340</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Huabao International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">336 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$5.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,790,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,253,874</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Shineway Pharmaceutical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2877 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$6.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,184,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,022,820</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TPV Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">903 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$5.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,728,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,720,041</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Travel International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">0308 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$3.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,148,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,714,944</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ports Design</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">589 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$22.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,678,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,991,939</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Natural Beauty Bio-Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">157 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$1.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,780,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,471,942</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Parkson Retail</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">3368 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$52.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,111,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,458,394</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shangri-La Asia</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">0069 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$20.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,678,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,961,634</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fountain Set</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">420 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$2.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,026,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,720,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yorkey Optical International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2788 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$2.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,858,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,614,010</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Rare Earth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">769 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$2.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,254,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,551,392</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ocean Grand Chemicals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2882 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$0.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,379,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">689,908</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Fire Safety</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">8201 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$0.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,370,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188,168</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Arcontech</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">8097 HK</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,386,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>China</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>4.3</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai Lujiazui Finance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">900932 SHA</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">US$2.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,804,366</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,383,219</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Medical Technologies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">CMED US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">US$24.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">271,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,562,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bio-Treat Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">BIOT SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">SG$0.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,615,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,136,640</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Singapore</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hsu Fu Chi International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HFCI SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">SG$1.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,409,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,481,772</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CDW</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">CDW SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">SG$0.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,683,117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yangzijiang Shipbuilding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">YZJ SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">SG$1.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,078,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,458,314</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Hong Kong &#145;H&#146; shares</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>9.3</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Petroleum &#038; Chemical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">386 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$8.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,696,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,045,481</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Oilfield Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2883 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$7.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,650,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,695,864</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Shenhua Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">1088 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$22.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,435,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,095,178</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Zhejiang Expressway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">576 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$7.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,304,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,094,199</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">BYD</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">1211 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$47.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,368,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,289,160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anhui Expressway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">995 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">HK$6.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,780,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,869,228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Taiwan</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>28.4</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Formosa Petrochemical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">6505 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$80.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,085,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,314,212</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cathay Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2882 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$69.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,708,370</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,043,996</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tripod Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">3044 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$149.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,608,845</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,806,336</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Merry Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2439 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$119.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,260,507</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,745,129</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Powertech Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">6239 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$124.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,114,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,735,826</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fuh-Hwa Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2885 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$14.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,413,545</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,593,655</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Far Eastern Department Stores</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2903 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$22.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,952,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,366,333</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Synnex Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2347 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$42.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,481,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,013,619</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fubon Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2881 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$28.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,387,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,071,135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asia Optical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">3019 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$146.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,917,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,472,287</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chunghwa Telecom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2412 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$62.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,490,880</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,428,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Uni-President Enterprises</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">1216 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$31.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,347,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,933,882</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Metal Products</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">1532 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$55.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,625,123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,770,375</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wistron Neweb</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">6285 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$92.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,440,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,839,534</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Taiwan Secom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">9917 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$58.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,837,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,748,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yieh United Steel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">9957 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$21.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,483,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,085,654</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wah Lee Industrial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">3010 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$69.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,755,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,762,691</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Synthetic Rubber</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2104 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$34.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,294,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,560,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lien Hwa Industrial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">1229 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$17.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,732,616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,506,822</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Data Systems Consulting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">2447 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$39.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,566,813</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,488,194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Taiwan FamilyMart</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">5903 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">NT$54.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,787,895</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,944,195</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>United States</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>3.8</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Far East Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">FEEC US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">US$1.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,111,111</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,222,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mindray Medical International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">MR US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">US$28.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">367,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,459,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chindex International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">CHDX US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap align="right">US$20.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,987</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,466,228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.2</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Sector</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Company (BBG ticker)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Holding</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Value $</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">% of portfolio</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Equity linked securities
(&#145;A&#146; shares)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>24.6</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai International Airport</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="right">US$4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,662,300</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,593,596</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Merchants Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$2.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,254,855</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,435,533</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Finance Street</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$4.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,439,953</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,113,409</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daqin Railway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$2.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,710,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,235,510</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai Zhenhua Port Machinery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$2.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,454,352</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,830,810</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Baoding Tianwei Baobian Electric</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$8.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,761,193</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,517,896</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xinjiang Tebian Electric</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$2.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,676,642</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,472,604</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Yangtze Power</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$1.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,441,077</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,948,198</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Qinghai Salt Lake Potash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$5.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,725,209</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,285,075</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Direct</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>0.5</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sino-Twinwood</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">US$6.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,050,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">teco Optronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,861,710</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other assets &#038; liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,761,852</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>4.4</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>INDEX DESCRIPTIONS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>MSCI Golden Dragon Index</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The MSCI Golden Dragon is a free float-adjusted market capitalisation index that is designed
to measure equity market performance in the China region. As of May&nbsp;2005 the MSCI Golden
Dragon Index consisted of the following country indices: China, Hong Kong and Taiwan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Hang Seng China Enterprise Index</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Hang Seng China Enterprise Index is a capitalisation-weighted index comprised of
state-owned Chinese companies (H-shares) listed on the Hong Kong Stock Exchange and
included in HSMLCI index.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Shanghai Stock Exchange 180 Index</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Shanghai Stock Exchange 180 &#145;A&#146; Share Index is a capitalisation-weighted index. The
index tracks the daily price performance of the 180 most representative &#145;A&#146; share stocks
listed on the Shanghai Stock Exchange.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>OBJECTIVE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The investment objective of the Fund is to achieve long term capital appreciation
through investment in companies and other entities with significant assets, investments,
production activities, trading or other business interests in China or which derive a
significant part of their revenue from China.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors of the Fund has adopted an operating policy of the Fund, effective 30
June&nbsp;2001, that the Fund will invest at least 80% of its assets in China companies. For this
purpose, &#147;China companies&#148; are (i)&nbsp;companies for which the principal securities trading market
is in China; (ii)&nbsp;companies for which the principal securities trading market is outside of
China or in companies organised outside of China, that in both cases derive at least 50% of
their revenues from goods or services sold or produced, or have a least 50% of their assets in
China; or (iii)&nbsp;companies organised in China. Under the policy, China will mean the People&#146;s
Republic of China, including Hong Kong, and Taiwan. The Fund will provide its stockholders with
at least 60&nbsp;days&#146; prior notice of any change to the policy described above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The fundamental policy, which applies to not less than 65% of the Fund&#146;s assets as set out in
the Fund&#146;s prospectus dated 27 June&nbsp;2005, remains in place. The fundamental policy is the same
as the operating policy set out above, except that China only includes the People&#146;s Republic
of China and Hong Kong.</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund is subject to the Investment Company Act of 1940 which limits the means in which it
can access the &#145;A&#146; share market. The Fund will continue to seek the most efficient way in which
to increase its &#145;A&#146; share exposure ensuring ongoing compliance with its legal and regulatory
obligations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>CONTACTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The China Fund, Inc.<BR>
c/o State Street Bank and Trust Company<BR>
2 Avenue de Lafayette, 6th Floor<BR>
PO Box 5049<BR>
Boston, MA 02206-5049<BR>
Tel: (1)&nbsp;888 CHN-CALL (246 2255)<BR>
www.chinafundinc.com</B>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Important information</B>: This document is issued and approved by Martin Currie Inc (MC Inc), as
investment adviser of the listed equity portfolio of the China Fund Inc (the Fund). MC Inc is
authorised and regulated by the Financial Services Authority (FSA)&nbsp;and incorporated under limited
liability in New York, USA. Registered in Scotland (No BR2575), registered address Saltire Court,
20 Castle Terrace, Edinburgh, EH1 2ES. Information herein is believed to be reliable but has not
been verified by MC Inc. MC Inc makes no representation or warranty and does not accept any
responsibility in relation to such information or for opinion or conclusion which the reader may
draw from the newsletter. It explicitly does not accept responsibility for the views and opinions
expressed by Asia Direct Capital Management.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Martin Currie Ltd and Heartland Capital Management Ltd (HCML)&nbsp;have established MC China Ltd (MCCL),
as a joint venture company, to provide investment management or investment advisory services to our
China product. MCCL has appointed Martin Currie Investment Management Ltd (MCIM), or its
affiliates, as investment manager of our China funds. HMCL has seconded both Chris Ruffle and
Shifeng Ke to MCIM or its affiliates on a full time basis with the same roles and responsibilities
as if they were full time employees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund is classified as a &#145;non-diversified&#146; investment company under the US Investment Company
Act of 1940. It meets the criteria of a closed ended US mutual fund and its shares are listed on
the New York Stock Exchange. MC Inc has been appointed investment adviser to the listed equity
portfolio of the Fund. Asian Direct Capital Management is the direct investment manager to the
Fund.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Investors are advised that they will not generally benefit from the rules and regulations of the
United Kingdom Financial Services and Markets Act 2000 and the FSA for the protection of investors,
nor benefit from the United Kingdom Financial Services Compensation Scheme, nor have access to the
Financial Services Ombudsman in the event of a dispute. Investors will also have no rights of
cancellation under the FSA&#146;s Conduct of Business Sourcebook of the United Kingdom.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This newsletter does not constitute an offer of shares. MC Inc, its ultimate and intermediate
holding companies, subsidiaries, affiliates, clients, directors or staff may, at any time, have a
position in the market referred to herein, and may buy or sell securities, currencies, or any other
financial instruments in such markets. The information or opinion expressed in this newsletter
should not be construed to be a recommendation to buy or sell the securities, commodities,
currencies or financial instruments referred to herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information provided in this report should not be considered a recommendation to purchase or
sell any particular security. There is no assurance that any securities discussed herein will
remain in an account&#146;s portfolio at the time you receive this report or that securities sold have
not been repurchased.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It should not be assumed that any of the securities transactions or holdings discussed here were or
will prove to be profitable, or that the investment recommendations or decisions we make in the
future will be profitable or will equal the investment performance of the securities discussed
herein.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Investing in the Fund involves certain considerations in addition to the risks normally associated
with making investments in securities. The value of the shares issued by the Fund, and the income
from them, may go down as well as up and there can be no assurance that upon sale, or otherwise,
investors will receive back the amount originally invested. There can be no assurance that you will
receive comparable performance returns, or that investments will reflect the performance of the
stock examples contained in this document. Movements in foreign exchange rates may have a separate
effect, unfavorable as well as favorable, on the gain or loss otherwise experienced on an
investment. Past performance is not a guide to future returns. Accordingly, the Fund is only
suitable for investment by investors who are able and willing to withstand the total loss of their
investment. In particular, prospective investors should consider the following risks:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD>The companies quoted on Greater Chinese stock exchanges are exposed to the risks of political,
social and religious instability, expropriation of assets or nationalisation, rapid rates of
inflation, high interest rates, currency depreciation and fluctuations and changes in taxation,
which may affect income and the value of investments.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At present, the securities market and the regulatory framework for the securities industry in
China is at an early stage of development. The CSRC is responsible for supervising the national
securities markets and producing relevant regulations. The Investment Regulations, under which
the Fund invests in the People&#146;s Republic of China (&#145;PRC&#146;) and which regulate repatriation and
currency conversion, are new. The Investment Regulations give CSRC and SAFE wide discretions and
there is no precedent or certainty as to how these discretions might be exercised, either now or
in the future. The Fund may, from time to time, obtain access to the securities markets in China
via Access Products. Such products carry additional risk and may be less liquid than the
underlying securities which they represent.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the past 15&nbsp;years, the PRC government has been reforming the economic and political
systems of the PRC, and these reforms are expected to continue, as evidenced by the recently
announced changes. The fund&#146;s operations and financial results could be adversely affected by
adjustments in the PRC&#146;s state plans, political, economic and social conditions, changes in the
policies of the PRC government such as changes in laws and regulations (or the interpretation
thereof), measures which may be introduced to control inflation, changes in the rate or method of
taxation, imposition of additional restrictions on currency conversion and the imposition of
additional import restrictions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>PRC&#146;s disclosure and regulatory standards are in many respects less stringent than standards in
certain OECD countries, and there may be less publicly available or less reliable information
about PRC companies than is regularly published by or about companies from OECD countries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Shanghai Stock Exchange and Shenzhen Stock Exchange have lower trading volumes than most OECD
exchanges and the market capitalisations of listed companies are small compared to those on more
developed exchanges in developed markets. The listed equity securities of many companies in the
PRC are accordingly materially less liquid, subject to greater dealing spreads and experience
materially greater volatility than those of OECD countries. These factors could negatively affect
the Fund&#146;s NAV.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Fund invests primarily in securities denominated in other currencies but its NAV will be
quoted in US dollars. Accordingly, a change in the value of such securities against US dollars
will result in a corresponding change in the US dollar NAV.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The marketability of quoted shares may be limited due to foreign investment restrictions, wide
dealing spreads, exchange controls, foreign ownership restrictions, the restricted opening of
stock exchanges and a narrow range of investors. Trading volume may be lower than on more
developed stockmarkets, and equities are less liquid. Volatility of prices can also be greater
than in more developed stockmarkets. The infrastructure for clearing, settlement and registration
on the primary and secondary markets may be underdeveloped. Under certain circumstances, there
may be delays in settling transactions in some of the markets.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The value of the fund&#146;s investment in any Quota will be affected by taxation levied against the
relevant QFIIs or in respect of investments held in the relevant Quotas. The PRC taxation regime
that will apply to QFIIs and investments made in or through QFII quotas is not clear. The
Investment Regulations are new and do not currently expressly contemplate the treatment of QFIIs
and investment made through QFII Quotas.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings"><B>&#224;</B></FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It should be noted that the position with regard to PRC taxation of the Company and its gains and
profits remains unclear. Until such time as the PRC taxation position of the Company is
clarified, the Company will process all subscription and redemption requests based upon
provisional Net Asset Value calculations, determined without making any provision for PRC capital
gains taxation, but with a provision for withholding tax of 10% on all dividend income received.
The number of Ordinary shares allotted to any investor, and the final redemption price per share,
will be recalculated upon the taxation position being clarified. The Company will require an
indemnity in respect of such amount of any redemption proceeds as they consider prudent to allow
for potential PRC taxation liabilities that may be included in the final Net Asset Value
calculation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In practice this means that, should any tax be payable retrospectively, the Company&#146;s Net Asset
Value will be adjusted to the extent that existing shareholders are liable. All shareholders will
be required to sign an indemnity prior to being permitted to redeem all or part of their
shareholding to protect the Company and the existing shareholders. Any change to the withholding
tax rate which is applied to the Company on an retrospective basis will result in an adjustment
of the Net Asset Value of the Company for the benefit of, or if charged at a higher rate than the
existing provision, detriment of existing shareholders.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although Martin Currie complies with the Global Investment Performance Standards (GIPS), the fund
returns used in this document are calculated on the net asset value and therefore fall outside the
scope of the GIPS standards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Martin Currie Inc, registered in Scotland (no BR2575)
<BR>
Registered office: Saltire Court, 20 Castle Terrace, Edinburgh EH11 2ES Tel: (44)&nbsp;131 229 5252
Fax: (44)&nbsp;131 222 2532 www.martincurrie.com/china <BR>
North American office: 1350 Avenue of the
Americas, Suite&nbsp;3010, New York, NY 10019, USA Tel: (1)&nbsp;212 258 1900 Fax: (1)&nbsp;212 258 1919
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Authorised and registered by the Financial Services Authority and
incorporated with limited liability in New York, USA. <BR>
Please note: calls to
the above numbers may be recorded.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>b65752a1b6575201.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b65752a1b6575201.gif
M1TE&.#EAQ0)J`.8``->C8]#/S/FPJ:O/%/F>G(9H)8ZU&+&VK>F7%O[]_=I;
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MDWY]>?G[\?5;8L/%P?C]^?FDI2=#'_``%LR,0`\S%_O*OO___R'Y!```````
M+`````#%`FH```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI*6FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$Q<;'R,G*P0M^
MSL_0T=+3U-76U]C9VMO<W=[?X.'BX^3EYN?HZ>KK[.WN[_#NB%(;!/;W^/GZ
M^_S]_O\``PH<2+#@/1E4#"I<R+"APX<0(TJ<2+&BQ8L8_TGA(Z>`@B(IBH@L
M<@(D2#?[I.CC@T".RY8OY?#A0X!C@8X%"HS<682/RHSZ&.P92K2HT:$,Y@E8
MQK20`"E-HTJ=2C52@JL?$GBYL,/`C!D.XE@80;;LB`@1`$39<L8+EBTT_WB`
MN0`$`H0?52H@J<!W+U\B/R!XX'%$P]<9)%B@*8$A0^,,2R1<:7#FJN6KGX0>
MW4PTZ2$I2ZLF>RJZM.G3R3Y4_G#A+0TG3QPX2),F`MD,9=$64>"&2XLH'B"$
ML:)"Q0HG%)#LI<"\.84!0VBTU7+D*XGK+!0S;HP!0PD;2AIX&?_A3P)0FCEO
M]FP(-.IBI-_+GT^?UH>L9_(#"=,R9\XB9>%65A%LL*&``@!8885R5318`7,/
M,A=#<V7$`(('"8Q1AP37)98="TN4L%UWW4D0'A9>G(>9)^FI9Q1[A;A7WR_Q
MS6CCC3B"HMH9'S30`@`PR2&2643N=J"!<B"`@/]R2)B@%P41QB!E&5[%`4(=
M>'A11PAQ?/CA$B&22&)D--2!!19_5'9>)RVZV)E2.>Y28YQTUFFG(@F<<4$"
M'RA!VTTN*7#""#GHH<=M9!U9H`))*JDDD\M1H(&4,RBV1`@-X/$!'DEXB<82
M((8I9G<E"`%&97_441Z+;AX%(R$RWDG+G++6:NN-;NUY`0\:Z%223"><D$,&
M`I(%D@(%LB''$W(<R*BCRDD8PPQ@HL%"$A>0H6T7(*+A+9A@CCCJM6;FF16K
MK1;UZB"QWOH*K>[&*V]56'G1``@:C*5'#K_J-$*P@Y:4PL`#6Q`!LLDZJ\"C
M3\0![A(S7%&9%V=H8</_$MZ*6`+&(H[Z&'B4\;DJ)VVVNJX@[<ZK"KPJM^QR
M,0F0\8<7K\U@`0[[BB%&21Y]1/#`>PQ<1`2[)=SL@8U28$&(8$K@P1EC:`6&
M#=XNIO'5'CLF@71\KDERNNK"^7(J+(]M]MFXQ/P'&1`8D.\(^^;01`TUZ&P2
MP4$+/;2SCEK!11A^#!>#!1LO$4<2=4!=6182A&CUU>*2Z-@2.XC')[I@[W'R
M'RFC'4K9GH<N^BIJ)]"5S1GLV\3J=+>^\\]"T\:'%6&$,04-'K!UAH_Y@AG'
M$6#4$?,9J88`^78=>TRB#5>@*/+7F6LN]NB@@$[]]=A[HC89*TS+`MQRKSYW
M_^LU"#RP`GQPH0($-`#10`,7Y.>6%T#PX`"(+)``0OQ8)8"'$L=#GK@&B"DL
M/&\3)7/3YCJ7/4Q8KX$0C*!5R*`5(73`9B/(0/CH)KXFY,`&+1`!`%H`!"!X
MX'UGT)8*+3.&*"3A"*`BP1%XD"(5I>D*+!#1X\0T(HUU)P,D4(+P[@.]S"TP
M-!)T(%22R,0F.D);,1M"#.Z7P?#-[8HY4`/BR+"%,>#ABUK!2E8NDX`+7.$(
MV9F!9*)FF3]\@'$!5)YWQ"4$#]QG9)E(H(N.Z$1+/+"/@(P@%.L`@@XXP&`:
M9%T-Q)>#!WA`9F&DH'G(*,;\@$$"^9N!$!K@O$E^H/\.2=#8#I7GP\:`[#YM
MQ(0>U</'0$KBCZZ,Y>BTU2-\.6`)MM&#^!:YNA&T(%N3%!DJ!]'&.VZ)!7$P
MT9Y49!D\3&V.5I/C'+=S*3N6QVN76"5G6BE+1\"RF^`<&RT)J0&Q1$"#5EQ=
M#LP0!3PPDPP\NF,JB9FG3L6!!Q[PPAA71(8M72V:I$P>!HX@L6MJ0IOKF5XX
M%?'-A3HT7K0$@Q,,B4OP=3`''ZQ#BM;V13#R:378O,H6E,`"@K;E`O>1I'D^
M\$P=`M1CI61!"(B(34L@U%4*?:@A&JK3GMHIHA,]Y#G1R4@]0"%;%"1C5E:X
M(D$D``M*F`$^WV"O#T#1J5C_N``(K)8Q<3F&5#Z,##S-<]#H2>\S2/0I(7BJ
MUK9Z@HB#N.,=!2'755V&GGQBZETOP%<\NI$1,?O`%2HT`[%4$:/J',$=>%13
M8B;B*B@(P:FN0KRF7F4,5[`!J;HJ1Q]^!P()>`-C_UJ)F[XHIVUEJUM72PD\
MPC68KUUI75&)&6&.<4?Q/,^.*"$S"!#6G.##*$9'T`643H*%:WMLS!J0A#9`
M<S$_')5GT;`#/(CV7'Z-A&G#AM9(S.2[X`VO>,=+WO*:][SH3:]ZUSL3`$1"
MM:R-[R.,&]=K-O:CJ\+M9>IZ%?+DA[%746E3R8JG/RBA0AH0*EGB-JP(H(!'
MQUU1_V/IN14P&$^4T(TNB4KP.!`T@*H#IL1VW]1=2+#WQ"A.L8I7;%[W0H*M
M=^"`C`/@B`"80<9:4,0=Z*`&,=!-#!QX0(X3\0`9=T$1-[[#(&(LXR8[V<D/
M(,0:.+`&11R``RXP1(S-<(@QW'@.C)BR&2:,"!D;XLH<`',BZ$!E1!S`##!H
M'0S:7(@B1UD172ARG'\\YP<<V1`!X``=\"SC+"SYR8AN<I9=05^ZRC68NN7K
M:-U2A_=YX-*8/N'[X%?9F.EUF(XXSX$[D.`XV(98A3I4'!*7W4:TD<S$),,G
M6\KAC$ENPU>3S'A"/(D1(P6UBV"QL(=-[&+SP<6/8.L:6O^W:$;0H75_-L08
MZ.#C&LRYQW13PP'(S`&ZC3D1/C[`()9-OG*3CP.$>$`-[HP(=</@S'5K=]U0
MH(@`Q+G*CZ";(>9`-Q@8NLSKEO:SZZ8&#F"[V8,P0PVXC(@L/*#:8B@X!V!0
M;7P7X@XU0'<B`D`W>@OB`.8.>0W44(NYTK6O]B7P!8)CG!4080@O'X(.5O"#
M'Z@`=Q>8)#SSP^M&](FPA44+HG#C`%6UFA%)G60AX'H9/76A#2[-,'>^6NL2
M!#%Q:B-MK\W*34<8^^LJ!@#8V8ML;R[Q$>2FVY`7L><:1)L08^AVQFD\[CVK
MV1!RKX&X$1'N060A`(`//-T>$'C_P*_]#^IF]R'<#6\Q-+S;&D>$PB/O"'T7
M@M]T&S3`%2\(=:_[WQ_?.R$4SG!#H$#N'!#](-ZL9"UGO-X=]WOA`:^&&JQA
M]F]_16T];9D4J29^*Z>!<8CP@A<,8``30/[QDS^`%Q#!"#H(#`T:\('QC"&I
MGM86A!-1GJZ0.BP&RZ"`(C`#6<,:3[5=.M-MB`50+L$[G/TAL>"_F"5L<C6.
M%C'7@:V(L?L?O2*`!4`@=O]W7F77",KF;0&W"/RF<&YW"`.G>L3D@!(H"-U6
M>QP`>H70=XE`-Q:W>`LH;^]6""#G>(C`<7J'"/PF!AZ7;S6P;]:F=IM7"%U`
M-ZW'"*1W_PA9T&UB0'>0@'&4!VBQEPC==H/VL4^704%ZX@$T0`,04!PKL`+%
M=WQ4.`%6>(572(7.IP/K<T)J\FGG5QY*$`,7!'Y"EQM',%J=<'1YT@!0@&%>
M1755XS1JDG];%SU=UP@%N(?B-05_,(!\6%X'R`@)6`,H,'(MB`@]1FZY]P<8
M9WN*T&TC6`C=-@=QQGF#P(&(X(&*D'B=:&V-]XEJD(B"D`4^=G<N"(."]GJ'
MT&V<QV^3B(,+=P@N4#>']PA`"'N&&(DU8(2Q\&CFH2?QTP!.N`,K,`1#4'PO
M@(7,V(Q9.``F`(U;&!@GA%+"I'2(T#7>!Q9B$7YG@19'X$ZHH/\59W`%C5-K
M&48L\X>.091S<75^BN!K9]4>::6'@1B(?A@%!'B/X36(BU"(?U!['V@(->@"
M-?B`<*=P:N`%.N9C`_D'E8AQ,$"*@J")A\")1!:"(!B+'Q=OB9`%<:9YH[=P
M&EAY+WAY&8<"%CD(KEAGK-@(.5@(*%B!CI"+&S>$`.>+L&!R;M0`3`@!.Y",
M53@!!N",1EF4STB%T/A\-B<8EX8[[X,FB(!*2F``%Q0'W8@66FD!1U!]\)@)
M=D5!9*`$-H".4J>.],<"/-``:P)JDB"/><@(+<8%7#`3OM$"/P)>=YF7Y^4;
M(B`"+5"7Y4678@<`<("7^Y@^=`D$?[#_!7!`EX(Y7I'9CW397B$D`G"0F.3E
MCPQU=HY`;G^P;$%8"+5X``>9>P&PDH:0`+5(<I18`V"F<`B7B2G8@9"8D9B8
M;J!(@AZ9"!C7@X3PB#X("99'"/R&;L=)D2UIG'4S!HX0DR,YFKCXDH>`@A1)
M"$58<B-31C00E$10`650!LM'E%9I`$AIA<AGE,_(?%1H`N[Y?#H0GS-W<]R7
M%=X7%EAI`0:SE6EH0*2P*E#4(\U5-2^UCM\B`:<B"-:H?WC(?XE@7ES0F`#@
MAX0@`L?&F(30`N4%!PQ9"%%07H(0F%+Y!XE)H88P!>,%`&BBF3/1`H(``")@
M").9HN_EF8T`_YI_$&>WZ'?->9HH:8*+`'(U4)*5Z(@^MJ.J20@8*6^Y.0B,
MQYM`F@@*.0@H$&>H2)PGR9P:=XEXIY%_<)`/\)5_`)VT>:4_2)U"N(M$V(NU
MH!58P'(Z0'SA60;,:)X=<*?FJ9Y&J91\VJ?']P)#H`+Y!$]\91EZTCV&(198
MV8WZ^3MG0C%Z\E\JDENOED(1%C-?%`*.8VORYQBU1@)RP9#FPJ!&Y*"(`*%_
M(("-*0)3L"8DM*I3()4S^EU1\(>`*0+.^0<H.EZ"$*NI&@6`^%TB4$)HD@`E
M!`06*EZU2J+CY:*ZFJJ`2:%8,*O@Q9F)`)!_\&RS.6ZP^:5TDWNU*/^=AJ`%
M=#.<$-FMV3IRAI"D@["D(-BDG;>;A%""C-`%]R8(SP8#'2H)Q3D(QRD(OTFD
M7OH'F&<&UUD(9/H'Y`J<E&"3)XB3K<BFM+!R=Z$#%6!\5&*>16FG=]JQ'7">
MSKBQ>NJG[1F-+[`"-!`_[9<G>D(#.E`&5]FH^:F?7-D`6,>R:O)[`+8F!\1;
M>'`&EX0!&&-KCH&6WL("('`%9+5];[E_)?8(J-JKWU5VR9H^@@`$Y"5"X46A
M+,H'%7I>?ABLY(6A7>NLN@I><"`(54NC+V:C869YJ2D&N4H(7A!G].:CV%D#
MV\IWM<F2Z*J2?5N1@6L([FH(GIB1'/D']/K_MBQX`#[6B*F(DI&7L,OIDG4C
MDI(WB\$Y<G,K"0Y;G1#;I3KY"A?0G=]Y?.&IL77JL>6IL79JE1[K`QZ+IWEJ
MA>+)I^[IGH`JJ,N4'PV@`D90!H;!`HTJ&_GY.U`)/V:B)BP[1E#$3)1P'MI7
M!U.#CLF#EK7F`TI0?6YT=(P`EZ9Z"%&+M>"%H1]:OH*P7FG[!]0Z"&M+7F';
MM=]%MLTJ"%L@7EOPARU6HY&`HW]0BV8*<AJ'MWX+KX5@I:]Y=R`WD83`KH)0
MN)8K<N23N(N["%ZV<+6'N?R:I?[ZDJF)D!8XL!]7>]8V!R69<)K+K>)Z8T]6
M@8\HP>1SL"$\NJ[`_YW&`7/%-Z?*UXP@N[&P>Z<^$,0D$,0S$,1!W+$:2Z?L
MF;NY"Q@0$#)GX`%,T`,#$+,6$`>R8;QQH`$KP`->O`,0<`75>`:=1`8=!4D3
M%EN)D%1G4`=D*2+Y<Y89H$.@RKQB>@C@^[1>-YAJ&UXQ^@<:"EY_++_BY6*!
M'%Z#0*U;^P?Z:%[T*U[.NJO@Y8=8L+]MV[_%N<`A58NM1\`A;,"$@,!Y>W=C
M(,J"2Y/M>ILBF&A-%F<4W)N+<)`C=\)8JHJZR0%>4[FF]P![9@:0F[#_>@C5
M1CZ8^)NL+&,D+,/G2L.MX*98X)-/N`/&>(Q$4(7IR8S7S+$=8,1%3`)%;/_$
MM%N[2LG$N6L$/Y"R#0`!-T#%WE.\&I!@8:$!U?$5/F``$@`"/+`#8``_<J57
MAL"3BB!)%%,'77`Q^:,=M\9AD6%'\Z1=3DN/WL7'?P`'?BP(,^JL\LL%4Y"_
MA?"^,S$(Z16_CORB]3O1XO7'EIQL;KL(_IL`<6:$=R`&D^C)YZK!X#:X13H(
M-<BP?^#`?P#!NFG`3SJOL,S2=(/*D:NEA&"*?:O+739P8M"("?NYA(`"5FW5
M7'IQ:"J3H?N:S,P*=I5*JL$:Q!B4X8F>[#F45ZBQLQO.YDFGMWM\%<#$/5#7
M=FT$3/`#3+#.%3`M8K$$%N``&O`$\"S8'N(E16S_`"\@!&#LA6MR56'4O=Y[
M"%@!M(TSQ"3@+0F]!#9``RFB4DW;H'ILC^05H>Q;T<P*7AA=R,MZ"![MM?J+
M7OE(R'SPR.&UVJB=TF:'R1P,<J67KNQ&T[7XVQ]I@PF,L"GLTT#MI"+,W*\<
MI;%<-Y!;RY(+I1[GU(A@K]:VKX*0L!P'`],=R@-+U5RMICG9IK+E-;VG)\2H
M!$(``G2J?"1[S5:HNA,`UW$MUWQ!UR9@U_Y]`P!^`T3@%<0;`5?L`%+RS@YP
M01URV-DQQ#X@`4*@!--GC3T;O89J88B1&"^U,1'3%C)#JF`3E\$FT3,ZR+=-
MTN&UK%/`!01HVJ\MM;+]_X>T;=NJK>*"G+Z"R+^0X+]_P-1_5K=B`'HT/=0Z
M)H.C7`B`VWK*K<KO^HG/_0@['=XF:<N$D`"U=V?8?8+W.I+$/09'S0A9O;GB
M*@C6R8M?33ICC4=DY`6$V@!78(S):'SS7>?02,[N6==&`.#RJ0-[OLYU'>`W
M8`1N\]<&[@!/D.`:<$$^T"&-CAV*D3^RB\]/?`&)DUN7*@AGL`4-$`(=8BD]
MQ`)7<`%>$#4BGBXDWG\FCMJ:B=M3*^.O_@<Q?K8SWLCE9>/?Y>K"JN.;R>-H
MUZ__NX`8]]LT+:0[:KA%?:YFJFYJ<!Y-_I!!#>6AZ`A3?@G`3K!;_=TTMN6(
M,/_<R$W<`5D#-FT(8[YD6TT(9[ZF::X*N#5&3F55PZ056N(!5_"$44A\\UT!
M`Z#O?WJQ1/#O1B!S\IG7-<<^3Z@">FT$@1[@)N#7N'3H&D`!,?#.#.[H#7[8
MUS'I/*`$'A`_^3'9RK4F7O`&U,LA'!XBR$,Y*((J=UBJHRV7JY[CJ9WK.&Z7
M%AU>ZSOKDFQ>(GWK-4_S,[_K?Z#;"+C2BN#C"HN(X:YZ-)T%M0?N2I[!76JF
M*""0/3VXA;#<\2K4\KIZR9X(U6X)UQ[,WWZNH$P(SQ:$"8OM+,AVXWWN@Y#N
MYUUR.ZLB[HY7EJ$M'C!\RVB[<NV>?%$!\$ES=M&$N%/_C2CB1L;U`7O_G3T@
MZ#W@UTMCX%LL)1-?\1</X8^>&-<Q`QU0!CQP!740/R"?C=HB"&^0^FZ,2=GQ
M4I2CA*6/"'D,T286\T+?ZC\/XRO>Q^(%ZSQO'HH\$[C>HC_/!RB]XY?<X]=>
MB37(`9U+T]A>`^9:"`.GG.@*I4R-U#_MY,C.]5%.[=)M[1PL"&2_U#X68\U]
M"+)9]H:`@6Y?S'!OYEV=M^M>#&2P]\8H!/J?SV`,"&`>#1<??X>(?X4?"8UG
M>&1D'BI&%28F-YD]FS$:+$M+$1$6&D^F3QH=2RQH+"PDL#ZRL[.P)#X=(!`-
M6V]O?XW`"1_$PL/%B0E>RQ=U_U<2JZPL)1@E:#P-7G47B=W>W0Q[XN/DY>(,
MWW]2`NGM?._P\5R'7/%\(H<`]BWY]@"((O3!`0+0WKM#4PPJG/<'"```<!02
M_*//(#^*!O$E4`CO7[MO`J1\_+:F1@UO)3D\J+&F6Q>37;QE@5$#AI9T)6NX
M^,:AQIQO"<S4>""FQH&/)ENV6_G@XTH8W@[4$#,RT4LQ,:LB/=EM3@T.Z9[V
M;*KU3M$`W82:^6:VAIDQ[6B2373GZ\<`)E%\['E'J]^_@`-_.W.A@>'#A`I?
M6/3-T(<S=8@EN.#AQXL!ETSTR%2E1X5.GR)@&!$ASA,*2)[$B!$'%)K7KF+1
MPB7+%O^)(SQH>+C0*!BQQV?.,/+2N]L9+,."@PDQ(]H2#-6P>1$N^%`X<]C'
MH?NV+C#'=PSKQ<.',1Z_A`;A)/`F(LH?$0H1?K<W$9'$/^@M]K.'+[]"CW^%
M%%A.W]!4E%Y6P?1-%T7!,$<6B6A!ATD<P.5-3S\M:)))1[63E%-#@0A5-U)1
MY==5655WB$G>>`76-RCT5-1<AP0P!X*('$#3BXFHE<X!1:FQ!HZ(:"&7-W7Q
M^`U>-1!Y80U]J2CEE((IDT!P6"I#F'#(I/-;`@W0L`,%`U1@20]5<(8$!3',
MT%H)(Y!6P!,((&$G$DY\@H8U)2SQFFVT="!H;3Z`L`,-%YS_T8`''M#@*`20
M1NJH;H0(=]QZ6CH3@@0S?`*=!-D0I^)UV6&WG3?=`38?%U-,(1X\<+1:$3Q<
M!,01JT!@L<44$;7`JT*MMC!?/`"(`,06NRHD@JT+3<%L/'"T,.M_@0D(&('>
M3&B72PJR15,-:M#QP`,N?&O&33SYU(X+&W:8SH=+A1COB(E(]14'^.:KDC<H
M4LEB5]M^8Z^\B)2DA@OC/B`4N"DBXN./WZIA1L)TF/$MC8<D>5=>>T%)Y<<@
M?Z0,<;V-?(PAWJ`LS`>+T;#""V68:8F=551AQ9J=Q!$!:1$X0*<5""@@!P)I
M.$`"*W[Z"=LKLN$RJ*`=O+`"!#2H__##U4QDG<D-3'#-Q`\JJ$`UHXD=1U@S
M5_!PQ#08V.`!R:.6FMVIW:3ZU[!XYZWWWGSW[;<_U8IT[;\NG<5OM]^,X4)1
M&YHD9,<9?I,%X^Y^`V]8!'_S5%2-=^[6X5CYRU4B+G:<^1\Z>BX&'1!Z\_!2
MWWJNQ@-._J%Q.TS6G@A?(??N^R&_$<,E,L4E0GPC80HQ01D#4%#!G=`#;4H!
M!:3QCA5\R)'"]G+P48`#'<P`BRODE__*+%`;4,8+EFBRR?OPQU]SS3J`#<$@
MR"40"1X-)'%$'"68P16"$3>YF8-NB;";7_[&P`8Z\(%\`Y!?K/4[*26@"W>8
MPQKNH+L*>O_P@R`4#`KNL(8Y'*`+Z_E8%@)P``W>H0L6"J$,9_B7X-E098T!
MQABNU``5#&$"RZ.`\U!3)SM9X8@(0``?TE"$(IS@B=L36@J*X`#PS<8'MBE?
M+#H0`^9EI@J7V(1F,N,9),CLC&8RHQ"ML`(5T*`!RAB#%SX`!A[8P`;NV48!
M#4@.!")"@5J!H"`'B;=:"8N0'0D<#1?)R$8Z\I&0C*0D$8%#2HJL-XJ"P,O*
MP,DR4("3J]%`#&PFAZ$%[00YR`$44\`&!2B@`!:(@P-2$:@.7'$6,^B`%S/S
M/#2B48AL6LUJ5"/$TZCF-$X0`M7@^`8L7``,5\#"&!I0ASWR\1S_Z0!D51#)
M36XRY`^'1*0$M4+!29KSG.A,ISK7";)A$/`0QVA';\*T@R%P<GF=-(`!-#`#
M!\1@:EQXR"ES$*<F&K0(I9EE*@;E-*AU0)\&`.($7G`)7U9@``/PI">#J0$-
M."`.(`WI1ZM(4I*F(9F'\@`6I$F&-X")&]4AU37WX,=#:',DU,NI3G?*TY[Z
M]*=`#:I0?QJE/VAAJ$C-*<:J4DYV.O6I4(VJ5$/HSA3"LTO>:,0%7'89?'9Q
M-1W@)PEF$`(P-"`*46@!%^10A#BY]00C0*@%JMA1`SBTH8***!#9U\N+5@"8
M93!`,#O1T8]:0!0[(XUB$8M8"\1RELE4_T$#SN`%,A"'.C&=J7:RR0[`].&S
MH`VM:$=+VM*:]K2H36UIYW(`U;H6M$%0Y%1G2]O:VO:VP&"$55>&U10F``L>
M>-D`\%D&87IT!KE,`C5]X4P(`,"QCDTL:98`TAF(4I_I>^A#]3D!C)K@>11`
M@!`]*<RP%K:*<3ALG/0P`H*FTKTC8&\&1C!?4<Q5`T[8@0<>\0%16?.:-55'
M9__RV@(;^,`(_NP!R-`%'"3XM+$%3%-Q2^$*6_C"D[04,+S@@1UT,K!VY2=R
MJP@")9QAAX1AQ!G\5XHTB`(#]IWK+&,04;M.H`,2!2)&=PQ,81*VL/V494[7
M^]XB&[G(&9@OC/]E&0-E-B`2_A6,3`',V<`\^,I8SK*61QOA``D.PV`.LYC'
M_#$R],8+#5`""#AI`!J'M9\=/8(0KM``W;*L-V`0@@8H\(0F\NRQ,_YD1KDK
MT1V7`8CD_7%)90G2`D2@K>]M0A^:0.E*4UH,1]9#DGD6AS0HDS?O#,R4^1C@
MFWYDRZA.M:I1V^4)?IG,L(ZUK,>,,DS6`0)#^&2;.\K/..=W$&<H6:UO[83P
M-C'&L@PT!5Z@@Q4,H1(8_?`$L'M>](8TO>H=`2HMS>UN5QK)]9VK,ADAI5$;
ML-0#]HMK]4`'*+A[#D$P;1!<X`+2XH#>$'9!O'%@0B@XF+3SWG>__TW_6CVX
M0`^I=<$<WAUO5LMVUA"/N,2G6FOB4&8%(/XQ%YT`@A4H@1`E>^>5/)#K)U`/
MNH`6I1`K0(2O,:$";(9HB/MI[9"B/+&I]+;GFE`#;O?AO9J&L04\70<\[!8P
MYI8;NJV<\!@>0@NF10L*2`N%0R"\M#&!PDX046_2]B4`08AAP[E,AC\0W-[H
MJM?52]MJ<KYZXG"/N]P=60Q'>$`)3OCQ$9PPA!6L(*47\`(62%8\>"9`!<7V
M*$@!K=`NFJD*66.3/F,@J/->&]O0%46<<DYID_"\\Y_ON;<IG4I-DV;H8`CV
M?TE=9<^BMNK`.``=Z'"'UI96ZE2WNFECH@6X_VCA`'<8NVC[@@*XH`#X9P]M
M5I(?6AQ8Z`[B0M<=(/SPN5O_^M@/6=T)`P$0=#0&R53"&R6SC,*K[$L<7@%8
M@SS2&7<QO`BP`A.<T%$?('?$+(A#_EF`\N@F5@^<YWD\YWD])WJBYVT_EP/U
M%0$B4`BK=VZM1V"GY0)EAP+,=WM_,'6C!7MK-UHI\@"I551SD%J(<($*=@C"
M%R5=!W#5EWTN^((P^!&2<08>D`0@(`1)H`1FM1AGL&&^$1Q8Q3+!-AW=1P'[
MY%$E]7W%-#1,0`0.<']NLG_]=W.:UUXYP&T%&'J@EX6CEP-ZP%Y%(`)P](!*
M%X'J=EHQ,0;"AUJXM_^!NH=UAV![J!4E`:!:)5A:+H`'?P`%HJ4'>C%];->"
M,3B(A/B"C[$H;Y0HDA%RC?`8BU%)Z`<F.P`S%%!MC<=G)B<'\O<$-C>%_3<*
M56B%HS=Z!/AYW%9D11`&#5!NFH5-W)%N6G%:>K`>=?A:;2A:'+A[A[""IZ6"
M=G@()I@AS-<74!>($O9VA9B,R@AWR;$8%Q`)C-@(D4`&CX%5AH=)7,512;AG
MIU`]-F-RU,-8T36.C+5Y1=8$5SB*E9:%!WB*)Y"*'G!T?Y%TI;)TKF>,(VB+
M&9A[?]"!HL5[)CA\A^!:=TA:'5)[!Y"0"8D@\B:(R_B0$#EF(;=#OO4'P3/_
MC64W$BG4`+C6/(1%4BI7B1]5!/&'`*7$5CO#6/:EDM+E5IL'@)'6;>PXBB>@
MB5%02?/8BC1EAK%H6EL'@OJH@;CXAJ05$[48@G^0!00)C*55.>G0D,<8D5(Y
ME5/Y`0UP!42041\Y2XF&7`5@2JZD`&TU&BP9`;`42QIP4AQW@R#@!$Y0-(YF
MCNE(BMPF!D7PE6*(DUI!CW/#DU5!?7^0CZYUBZ'5(?ZH?+;C6L2WE&;7E"@8
M!)`9F9$)E5Y&E99YF83X&%A@&>2%A#'@D6WB`$4P-'(0ED\4)RQ9`'&`7SP`
M`8)@&(NQ!1>P!74`!E/``R!P!.H5D^LX@)TG!B?P_SUR$`8T0(;UZ)<C(8MQ
M6&!H,09%290>F)BJM9B_V)BD)8P'UG9,A8R8V9W>*7&/P6$_0`1LXE%=-&C\
M9`%W*32ER09.Y)*G%P=RI@1D(QS1B"58<)5)```.4`#FB(4;`IRJZ3-.0`/R
MN)<Z:8\2:%HW@0*':5H=LH8XD)$/^EDQ`8A(*92H59"CM75R^%K:.1(3]ITD
M6J)B1@S3P55ET%',,VAN\FA-E`(*P`9LD`)/-%^<Y@0J$`4KM0T?@)'Z0P99
M\@=D,`;/Q`-.X``[`Y.=%Z`G,`K)Y@00H)=5P9>F@IRG=EID@:&IE2$?V@=H
M`9W_*)T9RI@FJ`=ARHN?%?^0?1"B'S&B)AJG<GI;O;%5*S``@G49>!H^.M-6
M,4JC-HI*[$4:0O!&P78E7&(\P-$;T/@&#3`%2>J?HE@4P'F7CB5+:4`!4QIJ
M"-J*"GJ&I]4A6A`$7Q@$7#I:K0,%I9J&8HJ8IVI:U$F"3(F'.1)O!A<`>`"8
ME3FGO-JKM,4RP&"G+=H\!N`##J">;;5YK+0]J$10$7`$*N`!=8"19N9;O=%?
MY=<(RP`&2F`%T^-$3V10CG:IR?8$+0!JHI:@6-H.J:4'L-<-IT4'&4D7N0B'
MKUI:L;JA9$JK3TF9KN:K`!NP[(0IP4H#.O!=@=4FZ157;I4!)[`]S*I*!5`!
M1O#_`_<#FYAE#(VH>K\U!E-P!#$`3*90FCIE`6<)4E7T!#S`&$BGKJ_(=*D5
M!">$`EH0`'P(83.+0730!R[@;A7:!P\`!4"96D$KF*AU``_PLZ#%;R]$LS:K
MIJ+EINT`IP);M5;+2%K2``>KE?R47BVI;:OT1,%I)B9`!#I0/V+C*(RRMFS[
M*!`0`FT0`=?E2:=@<H8%72@[2RN;69ZZKOVZ;CC`IGV(`TJ[:JFF!X2K6E*;
M#E1[M8[[N"&30L2P5=!67/WD?Z%X`L#YL%-4`&3B5Y=@MLWF=RMP-:;[`RMP
MMD,0`3E0&AH`42*K`9A'KG2U`STH92Z+*K#XEX;;N[Z;_V6+"Q+<";G$6[Q5
M<C)6J0((VV9N<EB(Y9*I)`9BD`+4XT_#>D;?95%HE`9PM00SX`,0Q4E_Y5$H
MEW^/%0,FQK>:]:D]^;ON^[ZN%;S>T+C&6[_V"Q2U1@.5VPF&Q9+F*`8CH`&P
M-&.<M&,&?,`'+%C^60(LD$MZQ3Q_%0-WB[<@5:#&V9<O>X_PN\$<'%KRVPWT
M>[\B;+_KP3(=]ET#T`G-^[SPF4IW25]0ZL`/S#S#.ER'%G,4T%;>^U`2!<$I
M++O]A[+8<,%7FL$+VL%(#+\?G`@"P``R\,10',52/,547,56?,58G,5:O,5<
MW,5>_,5@',9B/,9D7,9F?,9H//_%=K`!;-S&;OS&<!S'<OS&,N`&87G',IK'
M"I#'$+NL>GS'@!S(@ERC@ES(>WS(K>0&<[S(&_`%.KF31@RJ23S)OKO$B"``
M=B``FKS)G-S)GOS)H!S*HCS*I%S*IGS*J)S*JKS*K-S*KOS*L!S+LCS+G2P%
M=K``N)S+NKS+O-S+OOS+P-S+0!#,Q%S,QGS,OVRE!^2WWT#)SMR[EGP(`B`#
M?E#-UGS-V)S-VKS-W-S-WOS-X!S.XCS.Y%S.YGS.Z)S.ZKS.[-S.[HS-!+`!
M]ZO,Y<"^5:&0^)S/^KS/_-S/_OS/`!W0`CW0^%Q4$T3-[YS0"KW0#-W0#OW0
M$!W1$FW_SO$\S[E;-[L[PB**T!/=T1[]T2`=TB(]TAY=T?9+SWW$S!H-PAQ-
MTB[]TC`=TS(]TPIMTO6+TIL5R2N]T33=TS[]TT`=U"%MT\:+TZZHNSM]T$*]
MU$S=U$[]U-M,U,5KU)",U$G-5"T-U5J]U5S=U1,MU2%D!^%`!5AP"`3@1PS`
M``N`"&+M!W]!!33U!39%4P1P"#)`4VZ=UFDMUS-$U?9\U?.;U5X]V(1=V(8-
MSF`-0@N0`%M`!2(A`%2`U@Q0UPV!U\"`RXT`!)A2'W^PU@N@UD"P!\.\!UN0
M!U2P!4W,V$``!%1`V3+DURI]U=-\V+1=V[9-V(D=0JQ=UUOP_]G>P`"V7-;Q
MS`!NO0$RX-@)0`5K[0=VX`U`H-:0;1W,+1);(-J'$-J<#4*PK=.`'=BW_=W@
M'=X_G=L?%`XR@`C/_=M^0-P)0-S$_0=E[=M?4-=2@(Q20`7J(#AV0`"M?0A[
MX-9_0`#-34/;;=7=S;B"+=X*ON`,_M#D_4&?W5GI#0Y^(`5?L-Y_0-Q>L`%I
MO0>=S0"-O04@K-;JP->9W-]_L`=KC04JOD@%CM$'/K4)WN`T7N,V7LX/_D&V
M?-UH7<T,,-\9[@>FC043#MP#C@AGO=9_@.$LO@"-W-E[4-9Y$&`>].()E-$Q
M_@>S?>-<WN5>'M7RO$CS+04,(.$]_O\'=RWBQ+W>`N#(<^W:4"X#]>T'7O#C
M&X#?GVW+<MW8><!(5OY'6![C6_[EA%[H-9[COA//=H,%?=X-!$`00GX(>;``
M7A#/FGP(GZWDURT%!,#IGEW?2NX'7R`%90T$!%#6+G[15Y[E(#'CAO[JL&[8
MB!Y50"`%86Y;?VY3@7[@@Q[KOO[K7CWK4&4'=I#=LY7K`L;JW@WLS-[L3BWL
M`(OLIB;HKN[LUG[M)`WMOBKMN][=O8[MX![N(*WMO<KMRL[2XI[NZB[1Y,ZK
MYG[NEUSMZS[O]$[1MU[4J@[H\![O]=[O_G[.[3ZGR"X`C%SP!G_P")_P"K_P
M#-_P#O_P$!\\\1(_\11?\19_\1B?\1J_\1S?\1[_\08_O/L^\B1?\B9_\BB?
:\BJ_\BS?\B[_\C`?\S(_\S1?\S9/B($``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>b65752a1b6575202.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b65752a1b6575202.gif
M1TE&.#EA=``A`.8``.I91/[^_<O#O8=Z=?:XJ/KV]#0L*N=$+NH\*^MG5V5;
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MW^Z3?.N":^E",?O6TT`Y-EQ13*F?F-;2T$U$0??$M?C0Q.9,.!00$+JNI_?7
MTTA`/;"GHNDX*_?=T[BPJR(;&BHC(?K.OO*2@.TK)^5$-_?`M^U>2/G9Q_O5
MS;ZTKNRCG>RPGO?0O>^ZI_.OI?G?WO"`<,&XL_B]K-#(P?___R'Y!```````
M+`````!T`"$```?_@'^"@X2%$E"%B8J+C(V.CY"1DH,]+`!@DYF:FYR=60D5
M'R1/G:6FIYM,/$$()A4D?:BRL[1_JA45!T$?'V&QM<#!D3MQKA58)%@'9R1P
MPL_0A&1Q00<T%0`4`!_+)"C1X,`[":P('W%65@D'W$%8!$"E0`&:`?'ADT4`
MN1\5/!U-=E`X4PT!@C!Y($58D:A%&1&-JDQ1\.#!@!,!ABAXQ&$&/EO[SB!P
M`X!`'@9L]AQX8R)(+BD=Z#6:H@;&H``!)G#1\`<G(9\!!JCAX&*(&@L7G-S$
M*=.GCP'XGI`X8/`#BR)-OC2YTL'<@5P(*H2)R<C!`#%F`J18$0*#AP<7_S2L
M4-#@Q`,S"E;85+%&D(TU`XBH2#'@Q8`+&'Z`:!'BQPLJ6P2``W,DU`<L>Y`D
MD=,!#`DPNLZ\08",A94;C%3P45"&0P@9%Q8X6-.@1`D92S2(6:!"2XL_?`5-
M,/!#11D;!I9PH:)"R9H?4VP\5M`E&A@`NCX`Z%`CR1P".8208$+B#+(1*"1P
M:,2!BI&S'KHH4+,E!>T%`RC.$%,"A.\_`_3UAP9J-$"$%Q-HX<0)!CP0P@M;
M_"!(#!)"@\)4""201PTPC(`$&G9`$`8-2+"0``KK`<%!`3?<4$`!,@D2P`M\
MV--@"'Z4H,5L&0"&6PMB;!"";P$\H,8,$OD`!/\&7KB@Q0(S++'C"3^L<8(-
M#RC@PC-W2'%`2Q#\<0,#2-QP111[!!$&$E'`($$25[#``PEA2$$"`$D0`H,9
M(N#@0@@+B)`&'2>4\((`$0P101H>'&KH"3"`L``=(%Q`3P8X3EI`"R^XQ2D&
M77B`017"].&E06%$\<4(;-0@A!Y]A)$``07TP`-5H81E3@4(2,&`31\%.P@U
M87T@A1!M(-$='#J,P$`'%'Q1`PM!G,$KKJQ4<`8`$OQD@P,M`+L(#C'>E`*I
M0-BPI8PNN"#N1U]4]A4)!,!P0P=]!)!#$RS@PL`?!'!C#@+5XO+!$;\(!Z@9
M2O!QCR(+5#'!NH(`\4+_#']P``(5.`BWA!D3?%3`NN1=8T4`65R1PQ\U4&`"
M`M;R$,"T"+!S`!9G$-1,(3\X<4\7`7#``4XPP##!/"D48&!/!=CD084,*A6`
M`&N($(#11`-Q=$];_V%T/$$/#82*,`10`-@<D#LV!S8UX,,@4&R#![^DZ`!`
M$*Q\P$RW$-!P`%6Z''"$,X3@8(!'@XBPG`-CQ*"$`C%8\$`),<BP@!./S[!!
MA2FD004,!6`@0P0I*!'#"QMLP<44&,Q@AA$/N.``%RM0,2D=*T3P%`94-/X#
M#'3H;L8/*PRP1`K&*27(.$?L$<4?.QQA+3?L2%'$'T`D(<4'+Q]`0A'E_C'!
M_QJ("^+`"2H0X8("5<`@0Q<#],<%#!8XH(`'3PNB@0`/H.Z'#")H@6UDT`(%
M>&0+)Q"``[1P@1@XP`8_*,$22B"``0SA;0H0@0NF0#4'F&$`7'!"`%3@!">\
M[280Z,,-@+`#%O2#';CP5SPXT`8IA`(`3PA?3[P0@7LLR0E#6,$,'F"#H)S@
M(FG@0@M4((`87"!_`Q*`$[SP`O=%@`\^<$`96C`%FRB@B1;PP@5`H(((/)$*
M?K"`!H9`A#\XL0!+Z!'^9@>1%8`@`R<L1`#T@3=7T``+W#M`'+HEB#H`@`1W
M8(0'9`""%)S``UL0@0I4,(/1G4`)!8B!!S(0`R<HP/\"4Q"!"!XPCPVD(4H+
MX(`,TJ""%5A@1P;\PQ86((,2E$$`(AC`!@20@B4XH0I56`$&8!#*"2QA`UK@
M@P9*UX``8&`!&3A>(FZPBG[0("RZV`4"VD"(**#!$1P0P0H$`(,-\*$%`BB@
M$4[P!P?PP0,Z:0$?%"@`1-F``Q$0``?NF8((>$`#7)B!`/S`AQ+\00`E&(,%
M%OI!(N1E!B&@@PW\0+I\3F`#%I@!",Z93QR4P`\0_4TB]$".L(2!':[`&PEV
M@`H7+,$&X7#!`P3Q`CH(@PS]*I:V$#":"K!`!Z<HP0K8"0X@B&`,%`V9,)#`
M@S.XHA76ZEZ>3%&TAX%C`A-&T&$MHG"W"KS,);LXPO.$1=9.U*`8*ZD`#<[`
M`SV4]:V<T`$%^O&R!/0`KGC51`_2%`2[YO6ODZA$'+(`V,)&HFB&_6L@```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>b65752a1b6575203.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b65752a1b6575203.gif
M1TE&.#EAX@!P`.8``-;N]-34U.J5BOZ65:2DI*NKK#%3I/[FT=/:ZYR<G.8K
M*[.SLY24E*?;ZGM[>W-S<^?4Z&MK:_'Q\6-C8^,6&&<7B(Y0I=7NS%-PLS@X
M.,+"PL26Q_GY^>YL:_[1KX*"@O"TJO7U]>'BXF&V;U145$)"0K^_O^E(2%Q<
M7.7EY=>WV0J--9JKTJ>SU^SL[/K4TLG)R4I*2L7%Q>GIZ=G9V8J*BH:&AKK&
MX/YB"[FYN:G:E,[.SHZ.CM[>WO/I\RHJ*O:IA.CM]6ZZUZ^4QJC7J_W`D_SH
MX_WP[#VE55.MS]W"WKSCJIG.X^OS^/W]_8VZK./SV_#T^:39C"F9Q/GT^?V&
M/]&MTQL;&_[X]W.+P<F?S,ZGT)#)F)G-H_UV)<+DN/UL%HF?R<^5H[_D\/[V
M\^[@[QZ3P?[\^3VBR8G"V/?W]_/Z[[BTP?SZ_+'>F_;O]OUR'R6://[[^O?!
MOOO[^\:1F/K]^-N]S<?`W:R!O7K`C+_;Q.$!!<&.PQM`FO___R'Y!```````
M+`````#B`'````?_@'^"@X2%AH>(:U`7C',='0("<XB4E9:7A1&##IB&G'0?
M*9VCI*6')B0Q)G\P*#$+A#4E*"Y_+B03$G\,NJ:7BA=+;E+$Q#H"?,G*%">0
M+W*^T2]SU$:$5X,E@A*]?QRU@B'@V70/!(/CMD[HT>VC.R(]/W\!/2GS@SEJ
M!9P,-`D$:&AR9XB*#P`7BBDTADR9PV3,!#PCB.F$,@'7LOTAX,!!@C\?;#BH
M\:?`@P\Q"&4P)ZB'@P\?_MBH82-FBI,38%'<:2@$OC].,AB"P8E'"@():HC@
MZ:2,BCY6QD!9J/#8PZO*%`"APA.1Q608!UTI0;:$$VU_2(0H,>./MEQ__W[^
MN<))4`91"1B@@/&'$XH`?VI\[$J804Q!!`8."@I81`P2!6P4J"&J7=,-?3)O
M:`)@&%4I5K&*YM/A"&%"7_F$%81-4`D1AWGL2)GV#PI!M.T^8,!:D(8)*);&
M1(OT-,\%MP6A,C0A1R$')E"HJ>L+@I;,V/N4&?/E,^B&H[%2Z&#\3^K5<S66
MH/,GAAK:)/Y,2$&GM>L_$6RX7<H@07"0??$5P6#EM=-*+S20T%8LO!&R``$P
M:*(8*658D5UV*HR1T&>AA2<:!0)@09@1)!I!!B')_?'`'PN\5$!?@N@'`TQR
MK1A"#3"DX(`-^M50RSD2P$3".06V\\!)'TC@0/\$,+5E5`PP$8E?"!R\)$,I
M;2B!V878;0```#IP")Z'HG7P0I&^A/"'!$*9$H(3=#A0&9IT#K*@+V]LP267
M90"PA)AD>D@!"'6.P@`))-#@2X(D$%CHHZ:4L>6>V2F!$*"!>D@>I)QVZBDE
M2E"ZIY<;+M1AIJ.=`,VGK+9*9Y:B4HH`F%2=BJIH)UA3H#B"Z"0(8*X&:T@*
M'`PB@1J"N*"F);#&NJ>EW9DZYJVXZDI8"!TY<`Y:@APF[*<YI!C8`Q$X%P"Y
M2SW0#25/.;OG%@!,)2VU9*H:30-,Y`L`(1.LDHT(?/W1@RTSP(`L'3``^VV!
M-\DUR&TV2+```R9X"ZK_NZ)"`$"MT]*+U0G1)&'&R$P,0D>;@_SP00+QI31!
M!`5HDH,)'BU<X`,!R,5!#SSHET#%_%P"`<:B6NJ9,6X`X3&9FY8B,LF#I)";
M7>MHXW*W@D1FL<T\$7".7"GP,*0W!!20`,OE(N(#T:)J$<4B4*QA!R%R3"-`
M!PHL_1"A3H]L1LDI(ZN16^VIV"T',1"@P=9<4Y1!!`]<05(A$Y@,W0-.5%Z0
MGFQ?N($*$(QR!`@=4*`W'Q2<20H30J0AQ!B$)(!S#X"A9;7A(+')`0&,-^Y.
M`#OL<`5@,$@@@P@$K"@(Q0&0<),A3H3:>9<J%.L+&:7K?8*(.YDPP=@\"!)^
M__@OLL@B9,[Y?MIA!+@0`93L8?T'RTL5,O3TF5G!%4%8=*`W>NH+(*>N,[T-
ME&$=/)E#WNA%`>X)\(%UDE[G]&<<(_B/7DV#H`:-PX%)$4T%;2A0_QAHF@V:
ML"L2_&"=+G@K`/H"!CO@@`CF=,("T0`&\6M)\.H7@/KU8%T<F)X*$$@G%J*J
MA-$H05X"P(T:%HD!#N`!RMK#(^<LP`8DD`$=XD.(^Q%M"]:KTPA;B`D+5.",
M6D`'MWH@@ATL8#>"R,&`9"`!!D2`+SF(&5_HD(`(`"8'2(G3!])1PRE.[0-.
MT``/$I`^0;3!@\[:P!LX980%9NH$)[*$&<^X`4(XX/\!BC*!!A(P@0!\(``1
MHH$->.`"&/1`*"2H`0WNX@!_)`IRS3/!&YWX*V[9Q@81N)()'H""!7Q`!":P
M7ADZ%[I.S8%:D]#D&2O020?M191G^X,&@/8'&K`R*?.8@*((8(((%`L&?>3+
M%7C$Q1JZ8`(!$\12`C`!9,D@`#P@``D^0*04.FL+K#(BTRZQ26H:PIC8/,<V
M:_`B?-:2<*6<GP8BH*91/F`'?YBB$R,@I4R`(TB+JPT5"(@Q'["*#*;+E`(N
M408(N'22@J!##300@YF-4J$F4`,)<E`"'H3$!-@@P1U_P`$;/``&/W#!16V3
M`!CXZX20,X$)=!$^!DS46RC_L$<&<A`^+[I+!:X2J(>L10HG.%44W'!!6YHH
M`:<2@`,P<*43'B"#J0J"!G85P;)@H('ZG3``&@BLFA2%5X7]P5_(+)8_165`
M5QTAI8%R(4]F$H$[">(!-.1E@3CG+BN$,*RH`EEY=F""S/Y!!&'4;($@F3%A
M@2"TJHWM(=9&-),&JY*C4<`)0+"#!@B!B+*5[6(II07@MLJ()Q``"-C@.C3X
MS0S[,D7X!.&H40RF`(HJA0;^D((K">R'C21$.^N4F*=NA$FZB)-^2J*+=KE+
M"0L#@0#J4(#F3N&YSX4=)3Q0A/X>("/W,84V/C#=4L1D!].5J@B45PA?HJD&
M'X"!__,&L8`=F&1^.?A``5*@.0MAK)G"`D`2[HO?$O^M$E7`@8J+`&#"Y:`C
ML&``#[3U!QF\1'.N666Q7/"2JB;@`[Q1T@<>\%18(%@Y)G!!^?ZP@P_48"V&
M^0@,:N``OGP@`MZ<R>YLT-%1E$!1"_"5(%*@B1I(;(F"X*RSRK`P`)CXS4)`
ML8IQP&*QP.0#VL@`LDK`@1(,3"C_L<]<J!,#13$4!<Y9T0.V6S-"S`8F_2K$
M!W12@NVVTP4I^0$=@J:M"96"HQ+(SR!H$(,K\*5Y)#`F#'A!4F?!5%@<>+.)
MDR#G%;>X!"F(S6P$$9_D3&T6Y6O-;_XSG'44Q]$)-J\MB/]).`#5``6R`-`'
MA%I,&91`S*0@0`UX$-[3XA@D.7">`UA+J?U]2]8EIC4E@#"`=GO@UEM4@Q-0
M(`'XR"<%(1"T-@;4'E'TA]@J@L%<JWODPRJ;NAI`2TR(VH,!;\1B:A!T*21`
M@EJX`($BP+$)FHJY"9![3^86%HG1/3)UEX);MX%B2.1S61:]1"ZW46K"3O*`
M./G[#S-X2:,*$8#!Q+40.0!F"I+#FP?,I'*\<1^$:<``D?@B!T<BDE&.-`'O
MVH8;$W#``C[.I9`':^0D-SF:@N(.!_@UN(;@^H5>+2PT@%W68B\/#V(0`XR:
M(@`EB$&#T'Z(5L?*ML)Z@P7RD(?_(;3@!F/`%^M&/+(X\SVV:HX5F[\%@6E:
MO@(6R/S@"X^'Q\?6P^X"<;!4</G26SZ-/+&LYXNDAF*YUUE@_9863$][^):"
M`"7X00:^W>75(\($,2C!B]XY"\$-8@+G$`$)4-`6!^C"J\XR+JN*X($[Y*&@
MM)\\(C!@@.ZWH,%+H8-I#7$L8Z4VMKK@`#;25@#SYB`&X3/SQ&"@O#=@S`H0
M./^G#N`%%7MA`$!P!QN`?=-D"1C@!PC(`N`G`HMT&Q$6$S40'POP,[(S,QEP
M*':'=BXP#S(@3C$P#E*3`.&3`$Q7`!^00Q^G!2H@`UTP`G&@!\)2!',V@U4`
M@&+0!YMD_P$&B(!^H("$\!I,5@#S<()",61T$!P2L'$V,$S=M'>R524OPB@D
MT`L<$`$N(()K4@/]H7)7`GJ9H8(:P`4NN`)DB`3K\BD#,(-JB`-@4`5```1B
M8`4[F(#@%S,),(3R00,U4#8H@"W\]`$5<UH%)EM0Q&L8A85_D`,9,&TQ$$_0
M$0%JH`G2LP5*L`==@`1DF(F9V`6N8@1K^(ES]FZ5<`,L4(H(`'X1(`$<@(<[
MD`&E]0,!43D5$X@,B':[Q&M7@H79-3\%E@`5!HF:X`,0L`<CH(G&F(E(X"II
M"(IK"`9EYP*DA@(U5SXDP!X/\",QD``%$`##AVV:]0!T]X$2\/\`)>``ZU!@
MNG1\@E`#,3`P:X")QQB/*T`$K.*)S+B&`^![LJ4'\FB,2/`$81`%GG(&*7:/
M:EAG^JA9>]"/9/B"86``?I`%GN(!!JF&</!?":E9=A`'_3@"-P"1/'@#G'(`
M%:F&^9B1JD4$\8@$>W"`/,B#IU@H1U"0):EBHE@>AG4($M!1=*!ZJL4KA:`&
MR[(F@J,LA+`&QA@'1)`%+]F4!A"3=$*3-5D%TD<*/^%@YN-4B"`"*1(S,U42
MA^"-ZF."'S!%$=`1FC!,)(!1*&!<7-"0>O"033F7&`"5Y<$!0%"3,WB3EB"&
M(S`"7T`(5ZE-VC8P"T`#*.`\*<``#*#_)B9P:-E@/3(`?X>UA[M04R4A2YF9
MDPOS`;N(#[E@`R&0`PQ0`$LV"&L0!R/P!"XYEW/YE`42!!C`!E)9D5YP!IW@
M@G$0!SH@F!J1`673,CFG+A[!$330+Q'0E>(D,)&6`QKP`,@D3L/D/1I``AJP
MBPN3`S4P`3D$130V&1/`#Q*`G8(0!4SIFNB)@")Y&@@`DK2IEPAY";JIE+YY
M'VUR.\51`EYS!9-&#^+R2K!P&*LV`=L5$QQ%`#%0`-=6E:ZR`#60`?%3#LEY
M@H?E30E0`AQE"*V9GJZ9!0+)$V'0E"8`!R5YDKFYF[P)8"Z@#;93.,41'#/4
MGP$@+H)0.3&!_Y@2X)P`,@$BT*/REA3J4P/`(@/)474QY0`V9AN&T)X<FIX&
MX(/N\)&O"0-@8)`720I?0`1:>@&>]`#AMBWWD1(M(@'()P(+D`(DT`,HD"(_
MTQ$@D0([,!\QL%VIN`#UE`-P"G5<0P`/`J$;L8%>4W&"@&4B4`*F=`@LT*0<
MB@$L$`2F$`4WL*%.>0<DRHSQ21#SIQR:N@H2D``]H&3^P&0,\'."(`,\L`#(
MLI@YF@`[T!9A=E@\0$=G<X;!L@,,0`"5P1<S<#9S4CZK1JM_H`:2JJA.&08W
M\*&5P`$($`;#^IH@4*6?.``.A)*/%P0@2:R+R@(W@`#<VJVD>)[8ZO\'&/"L
M:^@%F42MJR<"X;JN[.J:XZJ&8(!$Z+IZ-]"N]MJN&$"1*@8&&#FO^M@"UWJO
M`KNH,N@%?,D3,B8;E4`#@,&@##`#I[F.Y%D(.]![I5`^ZQ"Q7.,$+3"P'LNA
M60`$!\L35^`U$TL(362Q*M*CS)&!I[!>[;`4-/`B9Z<^]?JQ./N2!E"SI@!Z
MHF<?3L``YM!7`],#1%L`"9H`Z^`KT+E=9?,`+S(!.S"SB?@`X1.T)[%>=)`\
M.Q`"%7A:-0!*1.*TI:D!(?``),!767A4,N4`+ALL3)JS'VL`CDH0/GL-:\J-
M'_$2VW18']"W,1&K9#8(T!D3K\!R$_!L=$#_IDY@@MK8%^N5I('Q$;@64<TV
M'`%:8^$3$VG+`1D@`V(9++(IMP.+`<CJ#G<K%C[Z`0.387U;,8!K"RLS.2MK
MN,(A'QG0%C+P`\&7"JV[7AS`CK>0`3'P`S"`8PKG%L42$Z8*(+Q;O!R``E;8
M.$T0HJ3+K@;0`L9GM]CQLX.0`-OU8S)P#KP3NVZQG)<%&^UQNXF;BC3@+54V
M/S#;39#C*_3F&KJ0$LG;O,-A60E`'3;C!%)ZO<1:EX11!BU5!FS'GQ\@`V@:
M@4D2`]M9`W6E(KSQ`>*"6?HQ8?HAM0L0`?,6$@'`81$X.3U0$^";N#%A1[)D
M1S9P.S)A"SNE'U[I_ZDUD*$!E`4!2\!.":6?$HB5`!#^^BA!8+T\S(/9>[J?
MH@&T>PC3-I1#7"=%O,,YRZA*',58;`E!T`+-:J\&D`4MT`19/,:EP`$LP'U>
MC`$MP*"<,GZ5,#"F<+)D;`I!<`-9@,;H:0`88*QBO##(XP*TFU6V4%VXX0O3
M&T`)MU6#T`J$4"6/8PLE,(4R`:P%H@9!P*TB$`0YY#ONT2+4U5,;T6V%;`H2
MT,2-(P)J(`&MH51R8:3KX"-F$P">-L>&X`*WT4.X@9@U%D8G<0Z2DZ':YD<:
M((UR]`'.%P%?Z1X/M('=8@(_P29FTQ:CFD])0LN5``.G*0+ZX;:%4'>",/\/
M-+`B3K`#N_&8^&$"(O`#/3`!"_(7#Z2%FAL7@R`\6IB*.L)//.!3G&G-K-!1
M+_,!P%$(%,<)*;%@(;`2),`#HI06$]#0+K``)7`E*"#'W])'WPP05Z`3-(`6
M1BH(#I`#W,E@_#P(B#,(:T$.AG`;!4U7G$!@"QUIHP;#ZO,;U@,\PJ,HM9`!
MQ?(?&U$`$>($LSS2UUBJ&6@"+NL`*+"W@QPG$\`#VP@8/4!,/+#.4ML#*OLM
M:(LHW3`0X8-J5M>63C!M^\S/.UDH#@#%(SW$A,0P:=W6;OW6<!W7P;)=<ET)
M343+`#`&7]+'K'$DZK(1F$#7&?E.2Y)#)'`D+R+_`\04`'0`B=:<>`W0`-'U
MS7_`1RN"42(@`RX@`3Y]5P5`6NB;D!HV/_$T-1$S,:3)SY`MV?4IS]J`"XZ1
M&`4@`ZE6`/ID=?I8:*S`8#%@`P^[$;(-P'.\VI,MSY2];P(3`1J`M+@V"+WC
M>4"X`RDR3\EQ3_V1=Z'KKU_R):>+#QM-.#>JW!J`=^/PW(^W%X?5>Y6U"<_)
M<G!]!2;``Q'E<$Y04QJP`_\+0[9!T6@W4>'FJB6A`87HT:ZD"N9-RS6!JXA1
M8[]2`T*Z$9;YN"AI@ND#"S_&`.,P79/AQG7=X1[^X2`>XB(^XB3>%=RH;`S+
M*19V=@P;`+C]!X.X73;@_P*"K4T$T5:&@,M.L`#^L@.4/,1_0@Q<F@\E(+2T
MP1M]>QH,L,_A4@!3M$T]0)[C!1@Q(`*`4=9C/0HUX#`2\`/D8P.(%@+C1<9!
M+@5#SAH(-*H.\`,S50`H()KS0P*KL&U+)C;G,)EO-6UZ%8$I<(?Q$8'QU!]L
M0@C;I)4HL0I#LI;F4^4+0'$9\*HR@0(8!>B8<$4.0P*K!!)T$-\,\.)C7.9G
MWCR+K`DKH@%ZUA\"'HD2H)_=D`)SE5%.$`*3\0=G6P"#?E&K1NN"R:.V[ALF
M0`#A(PK065-;=*A5'A.U&!,?3::YCM:(H"YRL0!F$SX2ME5RHK%8#.J#T`/M
M-/,CAJ,!L%`Q1@7F$$T((1`2VL`#%S4#3!("*(#N2N7C9SD.-75'?.;KP,YC
M+[P#7*1AMHOLFQL7[!1J#K#6S+$`Z5P9W"X"5*8FGRH9B3.(60P%%!\WB_$#
MO<#-I;X*%<,`.>"COC0952((<1H":I!/\-2C<X513D``,%LY:,I@VP3L``'4
MLX$L6O?O@@@@&=!#2]'R\XL($W`DDN,;0T\6WL7P2?IM;?U^?:0YS?&ZK)MJ
ME$L(].?D\Q,S;N0`9M,<>UL#%L8#>Y>-2/N!^.[4&I8!LP$SN:#S$O`7,0'2
6TBX"!2#VHX`/O5A@P3$#^LD`@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>b65752a1b6575204.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b65752a1b6575204.gif
M1TE&.#EA*`+M`.8``,/EMNP'$J78DZ>/4N;EXO?W]KFULOFLJ]+LQLG&QO)N
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M/M?5U.G6QMQT9D`Y.;3`J>.&>MK8N\B??M#6K]NQI=GOT-O8U_BRL-TD(..3
MAL7%F,O@O;'&B*.N:O61D=S'K.>?DO%<7L#BKO6,C+_2L^SJZ>D3&92/C^3S
MW>W%OV5>7NVPJW9Q</K!P=W%PHZ?@=JZL_K.S$M%18C,</___R'Y!```````
M+``````H`NT```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI*6FIZBIJJNLK:Z>,@<'/R=_1[*R?WBR>+6QO((;(&D>%()B!V)\QAL'
M'H/(&X,_8K6V!WR"'ME_*V)I(!N_R808!W]\!S)_,F)'@RNR'CK=N`=+M\[O
M[`=N3"<Z9-'Z$U">(`H>TJ1Q8N\`!CX>8BT1%$^'.5G<7FG<R+&CQX^N,`2(
M$R>*#A`CB1#YPR``D0!19.!)R>"/&"(.',118"S`R`!I_@#QN4Z&3R`4XP0X
M]P>E`T$.%+!K&27JS#@X";$)\$=!`*DB00PR.M*!NI1$?J!42D3:UBA$_V[]
M9-`LY=,36QU$8:/2)Q$%"H@L">!&T$P^6U4B!<FXL>/'D!^+Q./D*TH\@QA$
M^7,@@)B9&`0-CF(,I9@_`9!6/0%$Z6DQ(Q=W)L)&$,H`3/Y$[1H@=#?0AEKR
M#K`D[*#!4O4.%FL[P(8C`6JG'M1Y0V4@U0=Y9;J"G8/:75?"-=;Z#YNGD=.K
M7\^^?:;).BP#Q1-:\Q(W`?C,!(&GKI.#):&FP!$.U`0$$0Q(Q08#1"SVW5#=
MH72>;@J<$!TA^U&F%5<*Y`2$<8(8)544,7V%!V8H8>!!`&+%X<!_G#EG%':X
M:1@'>&-])TA@?ZR(QPI?F4?$B?2X9^212";IF/](;,FP%A&;M>33.5?MA-(Z
M4#WETT@3'>B&`QL$\$.#?X3I@4A(H;3B`5&%R9QA-!$B7(=\X,;B<3XIQ<1@
M6*UTVX5_C!F``P']!&9G6$E7&"$RZ!A>-P&(\$,`[R1&1&Y*9JKIIIR"@N8/
MZUR6611\($@!<#V**8B%TBG066X'GG!C'"N0.12)@S;5&P@X51A`38.@NF%7
M3^'ZIE$,>/".46^:QD8<UJS`!&&=I0%JC-((`J4Q.8+'(TM1="C(A)V6:^ZY
MZ"HRV2`H@8!!?9L-M0&J,N#DQ!%#A38=;10<R-*O?S0H:Q1NN+&5,+W)H)14
M7H&@PQ%'S,3$0W)R^-3_BG>*%J3&'V)P`DKSXO8'!DO,Y$9V@G3FT']#N7&$
M#M(TZNU*?TR[T[A$O+M/NCSW[+-[ZS:W);CLI";L!@[D*8(@TPWU@[_XB=4@
MRO$QD.(?(@2YPE8^*3#3T(-L1:P@461<M%0A;ND9R+JM]-*@A68;HU_C*@6P
MS#O2_(=2OG&]\<^`!RYXI_AT-\H*+ZNRP@83/8+XSH-'+OGDE%=N^>689Z[Y
MYIQW[CFZ\30D^NBDEV[ZZ:BGKOKJK+?N^NNPQR[[[+37;OOMN.>N^^Z\R_X,
M(JP!(?SPQ!=O_/'()Z_\\LPW[_SST$<O_?345V_]]=AGK_WVW'?O_??@,__F
M_^?DEV_^^>BGK_[Z[+?O_OOPQR___/37;__]^.>O__[\]^___P`,H``'2,`"
M&O"`"$R@`A?(P`8Z\($0C*`$)TC!"EKP@AC,H`8WR,$.>O"#(`RA"$=(PA*:
M\(0H3*$*5\C"%KKPA3",H0QG2,,:VO"&.,RA#G?(PQ[Z\$AA>$`?0B"($/2A
M!S],8@0+0`$*-.`&8;#`'U[P`B5:$7-P",,?")"`!.1`%7#(00^*((<$_,$*
M4+BB&BEWASK\00X]B$$54]&`!]SA#RR`P!8?L,8^"LX`/6#!'V)@QE;$8`)E
M/&,:#5&`#SCRD9",I"0G2<E*6O*2F,RD)C?)R4YZ\O^3H`RE*$=)RE*:\I2H
M3*4J,\FM012@#CD09`RR\``#I*(`?Z``"XI0!")R0`.'@`,$ADG,8AKSF,A,
MIC*7R<QF.O.9T(RF-*=)S6I:\YK8S*8VM\G-;GKSF\[$)2'J($Q!XO(#=1"G
M*4P0@A#8\@]2"`$'_$C/GJ$S!G?(0A`&T8`BU/.?_H.`(`U@@!<($J`(U=\'
MOD@`#AB@E0F-J$0G2M&*6A2!1QC?17L&ATA\@!0?74\!U%D`P\$O#7K;J+EB
MP-(8&("/BR"`'&(@!0K$@!`O(``CK,#2.3+BIH((0D<O481Y#B((_C1`#(Q*
M`PXL]0\3T.E!;L!28!9"`U+_&,0-"JD(`K!4"D-5CQ7V><8O_B$!MH0#5PT0
M4DDL2*7IF<$%YDK7NM*U!89`XA]@F@@(9$&GN`0J)#0@!T@(%@IZO,0$<*#%
M/Q0!!S>80`,H@$L:0$&G'^T!5QLP6<<:`JM:Y6HB$B#('/3!"NN1`@YT2M@B
MNO$/61A$;">Q`2($!:Z0D8`?=LO;WO+V`GD5Q`-Z$`(IAJ$./7CG'^X@54'@
MTP(-@"<<.,"".@KB#@V0HB!:^P<#9#4,!B!M#!Y``%WB\[`0D,(=8B!(`D`A
M!E8=A`5P^8!X:O</-[@#3#GP@AOD=Q`/H`$A-#N('D#4O1:``ARP6@`H-``*
M"7AE_PBBVX`0K'<0I!6$`4(`!RADH0@QD`,4*`"!.CPX!S2H0PR@4``IS)3%
MD^A056:LEQJOYK,&<&-KHRB'?;+`C#DPJB28$`<LX=8QNO6MDOT`W$+HM0_^
M)&(6/E"`/A2X$#'X8@."3``+4.$/'!!P`<)@Y>T^(`8WT,`\(:"!&R`Q""_8
M,%3OBU@+?!$*-`@!:@W1@`GT$@IF%<0-+,`"`L`A!/Z%)PML.=L"%Q("4OQ`
M".I0!#MW5PY8M<`-_F"!!/1@TQSN0WGYFN$_")0`63`&!6A@YSM,8+D)<"=4
M7\"!>3YQ$@<0@:YWS>M=6X,0&DA``PS06A98H0A\M((4.?],"05LYLB/2?*2
M>]OD`0NWB'_`0:WU^@<#$R(&QB`D![IL1@U`8`(AD$.CN:MF4[>YL`FH=58Y
M/0C$`C6/!S6$`2P@A2+D6;"##L,+U)QHQT+A`WUH:[<+*>E<$N`!`AW$';#Z
M`'].(`$/L``'0H!L0;SVK`>=`'/;F]T[>#JI)_]#`31N1CEL^A3!_D`/.""'
M`N"`I3CHZ!UHP%=)A`O:CT$``(9.]*(370G!W2NVLZ!.05"!VX-T;KS)_0=S
M!Y@"ZR[L'X)PTR"\^ZP.)>*@ZPV!>T/@#OYD9`CXVD]!2_&(!/`OMSC^`@NT
MDL""^+$@$-L`U"(2JV@>)&E??>W_/WP\P^B,JB!?4%A"NMKP"7C\#6C=\I>;
M(MA3S((<3$!XJ@ZR#O.6A%$P!?1.$?$/BY0B!/KP@.@.@@JT9$$!M"Z''.0T
MRUNW@@GZ`(73;]VHZ(3"'8(0[S_87I=0Z('6#6\%K=_!"G#@_0LB3P@Y1'?M
MA[]IW<^:@"!DH0^N?P$MK1R"0'\@GWWX*QP>`(4'?"`(0:@R^W/P@0?8W_""
MX'8.<$!+U!+@CCR7?#E``'70>@E0!%#0?@7P`E_$`:)%"D'P1110!QS0!ZT4
M6WY5"6X0%^H!7KA$`5T48:4'0@H&.`R`(XLP:7MT![YG"C2P5&GT<+465B.8
M03G`4B8`_S@48%N-,`&!A'K^U':JX$9>58-&F`EA@AF+4``L<`."A`."0$6J
M4`1$R'H68%)'F(6/(`*TP@@-0`,1!X55MWRG4`>B)07W10A%0%!LV(9N^(9P
M&(=R.(=T6(=V>(=XF(=ZN(=\V(=^^(>`&(B".(B$6(B&>(AN.`9(`(<T2``X
M\`!9@`,6D&IO1'BG``66*`CH=@B4-5*>^(F@&(JB.(JD6(JF>(JHF(JJN(JL
MV(JN^(JP&(NR.(NT6(NV>(NXF(N>&!\'((H0-0@19P)]MTBG,$LL905>Q5X"
MIH7,R`BPT3B-``>$9P)RL&>G``'^=0-P4``&@%3-^(V*("[@./^.Y;("<;`8
MY)B.F3(3<J..[F@D(I!2[SB/ZW&"]'B/ZE$KI(>/_,@81(:%_1B0'/%6`EF0
M'$$$2V.0"MD*2;B0#JD*7/AK#SF1HK`BZ$B1&.D)TZ(``,D($U`'>F<`+%!=
M&5F2@M`:0/"+C0`!-)`#:413$-!8)DF1(+`3*OD(<"!+)D`#-RD*[M4'1A4#
M0S23_[0$YV@)#Z!M?V`"=0`%^68*'^A&$%!8[68(86`"6)F56KF57-F57OF5
M8!F68CF69%F69GF6:)F6:KF6;-F6;OF6<!F7<CF7;JD!8T`$&E"6-.A*'_<'
M7Z@*$SA(7V191.E'*`$CEA"8!=9TIA#_8GBD1P]7F&N$`4=I"1;03E\6!!7F
M4Z>P81^52&@DF5=T`@S@`!TI"02@3MNH"E;P`.)4!'<P>SDHFCKT`SQ!"-/B
M&YEB`?;W`)NF`0]`AK1Y0V7S.X+``,`RG,HY%C[!!MPB$DRQG,L)&S5Y&BS!
M`!(IG;0I+GO!#G&@4=HIF481%"##A=`H41E0`S40GAWQC']P`E'``'&0D!0E
M`$S&GAPACC7C$T52G_>)GZ^P!+NQ*HY24?99;0#*"F(0!QE1)N<Y40>:H*Z@
MG[@5H1+*"C\';19ZH:DP+='9,Q3P`O[T`1;`4LV5/QO*H:;@`3N1G>G2`%E@
M1@2@62*X/RFJ_Z*C4%O820I3R0&-105R().:\%*LYWJ&0`$$YE5PT)/"!$Y.
M^J39]`2[!:546J56>J58FJ5:^@7?`0)VD`?.E`=$,`8Y`$Z,:0!QQT=4T'=]
MB0D?8*2*0&`=5@=9L)>"T$BKE*=Z2DH'NJ=^^J>`&JB".JB$RA=PX1-10`>6
M1`<Y`0=Y>I.Z!%O&(`>9>`DKD(:)@'>:>$<V^I\X^@BELBBQD#11\*'L4A*0
M0PI).4]BR%V:(`?K%0-?A@@$QBV,QS\W^JF+<"!8B!#/P@;<0`%'X!5`\*"E
M<%S9%H6<B0EV>@B61@#M%`(*AS^YJJN(0`$#6@CQX``-H@"E^9VG2?\**R!(
M4!"$:9<)YQ=!U<HI!XH"\F-D@T-D2G@(*Q`8>^$&_8D*=6`!*N98=M2"F<`"
M63"2PHE`Z[HI[1H_L&&J@+,7/3DX<$``$MNL!G2PFI*P[U,K)`&>/1,FUGDY
M&L!2%D!6Z5,#$B`!".`)%LL>%*">&4`(&.L^-;D!"O"=@G,>+CHY5M!%(;L^
M*+!;`*"RGJHD*"`!+5`!,,MD[NH^2_`7[%"S#(LN1KF/FE.PCT$!(S`"#SL*
M/^L'0=L)*[L>*'`!?B``27L!2]L^7(@E%,`76\LI$:DY(1L#Q,4>8+!;*;L*
M7?NUG!"VZC&V97NV:;L^M84V@E`9NIDN\7'_D9<#ABS9'G?K!WFK"GLKM`B:
M)(!KMH,0L^O3(=GIM#WC!M"R.20K9.D1N9.;"I4+MD.+N62KN8+`N9V#..UH
M$W&P*(2PMID@`\4*$@1BN.9"`",YDE"``XEUK>/54J8;&:C+"JO;MZV+))DK
MN)Y#`2*P(-SZ`X.@`[0!KX(0'Q];"4NP%51+"&*0KZ<0C^B++A/``B_PMEMW
M),VKMT!KN9LRO9NKM)XC$@S@!AA`ON^)$SG[!QE:"3H`%R2""%ESCN$*"M@*
MO.@2?<NK"`;0!VXTF^HQOY1;OZQ[N=+[NM3;.:7)+110LT`@G^L["/%8NY!P
M`MRZ`9/"PED#`EQX_RFG<"`-:BX%T`,]0+&'\*84D$96JW(6L(SQ-,&JH,&J
MR\'0Z\'M(70`,`<@G+]HVSE36PBM$0?S>@A&R1Q+P`3>>PA93!*DT@TV.P@4
M@!(BP`Q>42&CP!KSV3,(.+PC>:Z(4`"3=7!P2@@P*J,]$`9]%@D4@``(``::
MH,2H\+R;X+>/,0.[%0%3'+OZRSF=@;XK,`R,8(]X4#;TB0@+J@!,$,IR<X*M
MQ`1_T4II?",IK`DZL!4B,,"/X4@XJ0&,Z9%]P'^5.F!F)`5F5&*1,`*[A5>9
M@,BGH,B:P,B.X<A^`,F!2\6#FSD)3`EI<+LP\2PLO+TV>0@H!2,G0!N'X/\!
M4+*^\,L(3L"M6[P>+P")\S1+#_"4A1"B?2`')ZH(+=8(!)9'>W0(>#I)<!#,
MIM0!NV4&A/I("[!;)*!*?3K0J)1D"_"ZD'2@"Z#0$JU)=!``=A!*=/`26_`!
M!%`5E`0'#C`&!/#1M^M(;#`&5T!)C/HK?/`!<"`&99,2;."HGG0>1S#1G%3+
M=RI+#X@(:<8"$,<(%*!IC$!@6_8'011,RI0#NW4!V_0&N_4&6DI,4.T'4_!-
M4NH'4^U-+1#5N_4$Q9354KW59.U,6$`$V&0'>T!,7Q`=R(0$<0"FRL0`2``!
M>Q``0K!;97I,><`$24,2OQ+*3##-8]`%TQ0'6%#_UM(TSQ@F2[T7:#YM1C>`
M`SUM"&C(4K-Z"`0615.TK(P`S'X@S)A`S*9@S)F`S(VAS,P,NW\@NY?3G9Q0
MD[I)`3`=!^%["!L(GU%@GWXP`HE``4^3!K6[`0R2!AC`!$"@`,9:"-N<)$PX
MF#EP`^FD"$$02`UPO)A0C47$63JM"*`MVI=`VJ5@VIB`VHRAVI'<VI.<.4X0
M!XF;"2N0$VP@`@=0LPQPVX>``7\1`!Y0`;OEVY.P!%Y!$MP*P8;@L$G2`R0K
M"$6,"(?FOHRM$=]]R'CKO$R\R-';'NC=S))<Q9F#%\_6";Q;FH-2OM=*%7_@
MW[UM"1[@`1$2`*O\!X,1_[7K`5W#=$8TD`#$:`@?T%@%\)'8_0H3/LP53K]>
M:[])LN&L[=J!\VLG(+IG'`HK,,Z#D`:4DN+_K0GQ'>*V8&0U"\OIX52."0$S
MY\."`)M9\`+=70@5?,&B,.2C7>0;?.0=K"1*'L*14QEE002W&\8:<0+<H.(`
MG@DSH;W[F3-FW,D_4P3Q+*2+`,1"_.;!3.&2:^%TWL1V_LCIS>0_LX$'``)N
MD`:IRAB"O@D44)KXDAH,X@S.T0H`(``",.BEL(`35MGZG,=O*NFAK0D+,`!5
MP`66SK<8[L3L<>?.+#DK@)SM4>J;L`$N<KL4(`,,4A6NT`19G@H4(%DA(`5K
M/O\($W#+69#+G`#GE8`O2G$C#2P*Y'T)Y@T2QM[ASPPX>!`'-.X8S+X)?!&=
M];H4U7[MK/`"RZ@(/EH*Y#X)LD($6&`$`P`41B[LQYSAQ:[I'*[>'IX(72T!
MLIXI_K+L_KX)V4D!R]#O*PX912`%PA?PGU#PDL`@2Q"Y5=`6<^[PIPWQZ_'N
M%!_OA7#Q&>\*+5L#._\(!;P>]\XSUC[RD/'C#P"PG:#RD#`MF!&Y7D`BZ?X)
MZVX)[?X1-L_I@Z#S'1&Y,N\(?$#O[C'TZ5+T/R\*156BXGX(+W`'FC;UE\#T
MCE!;X(&Z)K/$ES[LF;[,KQL!%5`!8*#U@L#U'.'US>;_`,L-&62/+F9_"G!0
M=R:0`!/`4D'^PZ8@]XRP-41@.,W+A52N"55?"5?O$4J.`$`K^']`^!MA^).0
MK>RQ^.?2^*8P@(:PX(:01FMG?WN\]),^"5DSK\T[$Z.N[A?^\,2>F%G[^990
M^J>_WHB@^AK!^I$0)H;.\49/]!T_"%#\LIWPDWWP_=:8"`%OZX3P`<-KQXV`
M^8(PMA>`M--0F8+0O(-1_>-=_#-__)5``KN%\YX`"#-^?A$7?@((@P`"?A<H
M?Y"1DG\M?A(CDYF:FYR=F6"*GI((`$I_"D0KHJNLK:L5@YBNL[2UK$VQFHR.
MMIP??46M%!IU&L8AH@1W$!`%_[,C@RV>*(,5D3)$;">2H'X(D$0@O;74?@#C
MF[OHFB2#C^NB@H2&B(J[[YR5E_#\W>>LNV3$$<&O8"M8?F09I)6A1@8*"R7A
M2JBK$3Y^"9"YX@"%@\<<R1I8<?8LVK1JD%:P(;)A4K=O?Z(HB-BIW#^#ZA:V
M\W.1)B1YA0XE,G?/DSZ%XRB``=-SEC])$<!$@)AIEX@X.GQJC800Z=9.35K,
MR*!UHE=(13O1\!CL#Q4Y83@5>4"U%8U(=3G!J5.G#X&2?J351/DG30`\GP;!
M1/5UDLV(.0WN;/JG!@($-?@!I3=TD46CEL[6JC&(Q+BGD8Y6-!(`2&.M75][
MDA`X,_\D,#-F1.!GMB*O3E+"4*GC5B1Q3B:R/%C^(*ZG!GUP9+G3:@)U5]`"
MG_1C#4\`@HF]0?)^1/:?QPLC%YRL:2C3"%/';19J[W,GU>M(^S'="S4D_),P
M4D4JYD446X&:T-:";7^XQULN5=GGR0<]_)$%1'),4!`<,7R`#`>M:&"!)F&8
M8.*)*`ZR`XHLFIC"(#9H@,08&K1HPHM^V&#B"P&H0(6-0`8I)(HXZCCDD2WN
M,`B23)YHPR`IV/BD'RDHZ4>30%J)XPY3VJ#ED$JNB&6018[)8IDGAIGE`'$(
M8>:;<"(Y99QT)NG'#E&:.&6>=9I@9990L@B')G*,B`,D&LC_L0D<&B70QXB>
M4`!B'S<T$%(##9#42G:"<5).!0?$(<8F+T5"A!`2-/$:>C@U$A%[F;C7VRHC
M""#`37_,5P]1$FX"X#CZ\6>+?Y2$I@L,,"!H((3*2J(@@P[",VN`O6YBW0=_
M'/K'"R]LDH"E%+``AP56B#+H#7?<L,H'V-+"Z785,!`%)Z5"$D45EHBRU!SC
ML%J0>OS`.HFLS'J2G361Z-I96OD8FU]IIX62FL.3=!''`,T:=&#&D#P;2;3K
MF$5"!;@RO$D14/SU!Q3!--!6)BA38($4?R2@+B<WY*PS!%N].Y@?*L1Q`+V*
M1<)&"?EZ,HBJO?C+#\#P"*P44P13_T0K83\-$M2NGOW6\#X/[V?P4@QR(_%_
M%$O"0`D7<,S/QAQ[#`G(Z)A%CR0F:X)#"#'$\,=<=VBTR0O303*!RMXFH+CB
MY6KELZ>#P,!&7BX5#8D(8Q@A@2A+]WLV.G,``$`-4*\CL'X55"V:)@=+HG!]
M7ON:MB;P429)L)Y$,(@IX>'Z:TIMMNWV.G!G+'>#@X#Q8$)W1Y)WQC348>G-
M/CV^"34#'-9)O7]@</'F2OO!M"U.]Z*$UJ6C<WHUJK/2>L):<P:[[1.#S4GG
MG>#>B>Y^\%ZY.8L00`9^]P<Q!,`(%Z"`Z)0WO%H4[RLCJ)VS:O.QY"UO!,U#
M2[76483C:/\@"WV@7"8*T``(0.$/?G.<208S!@9X@GM_:!/X.H$_\GUN'.<C
M1/K&L3[NM.]JW'%=_.C#J]A%H@T7N$`$"#B)&FY"?YS@G__,9@Z$U("`48!!
M([(SO@:ZXH%;X1_".D;!N5E06K'(X!]V$0%;=;$7).R#'&*0!3GTX3J^&-$)
M(;40%$1@#AE8H:>R5X876@X2,*C"#.\G/L^9`U@5J``8<MA&5^G$'9%`W0\G
M08$1C*`N[\O:/(C8-<KL9(FSRX03-0'%34A1$_ZPXN].<+$M+BT#9/,B*\"H
M%3%.<$$5]`,#0Y;&0^"M$?SKU#A6,`$<<"`+&DB`'+KE"0[T(`O_4*`99)`I
MR#]$X#)D@00!XE"",9+JD']`0@D6N8E5SJ)\KK`))7?8BQZF+GG3XI_H,`F)
M4.9JB%Q[WA].R41)+*T&D=Q-)EI)N]W!4A&RG)T'`O"D"W`1AKKD!"]]XLM(
M'(]NX[";,9W'3>U@!`H:^D,8VC6A9FBJ54KL)D(4^H>K!'%[Z!3"&-BI"7?^
M02D(&.;U;OA.1<S3DI+A9V78AT]FZ1,`2O7GZXIH2JT5-!)+>^5"(;8_A_8N
MHO:#!!L<(`B++@VCD$!HZC+ZAXV-X#+T6T='R0A,,PKS@FID8S=[08-!38)Z
MFH`#%*``APD\BB9Z-2DD9@H)/A`!7^9\_ZAX(J&"`#R!<XW,Q`@4M!U<T4*>
MZ$/J>I2JR:9:S9N*@"I/(B%5@"YL@P.U:BJ;*#ZM3H*AF;`M%0$`5J0L(0!,
MV,5%T1F)<I"`D@W<&#S148/FSO4/'STC,9DW4@W&5+'C^,`+BE$`"(2@!R_3
M1`\F$`8<N,PGB55F!4H0!S9@8`1L&$,U:K`4T<`0#7%0`6:[2((6M``%G/V9
M9XMJCJ,*+ZFK32M3A9G/U$85:_\<94!A2]#9&K2V7IW$%:HP`!+0%PSAG(1N
M(^$/B\7AQ&,00DLB<8``R$"X9R4N)(R+W.$IEZCKB,9SHWM7-%)7`,>\KC+1
M`0<JQ(`#//-$RO_^T(>MI/<:2(A#%1S0ICALH1HU_A],(+$#&`AAOY)`"("Q
MJXGEL@*T.A1MP$B[8#`T&(`/OJDHM_9:(T*BPF'M*8;[)PD*.`$51(@#%G(H
MU`HT`0`COLT@VN"`$@Q@#0,HP1@<``0\;$,!\X*Q^-!ZGM)D61)S(`$)(A#`
M$+<B`J(VM29N_,B%Z)A]36C"F.N*O!Y/%X/576-)AVR>'N#@U[]F`6)W38$:
M;"#0:"#$`(B`A&Y4X-,D1F<+!B1"VG91S`&&7*MM6.#0'GBT"5ZJ#TVKD*?&
MV9Q3+24[9)MG5>[9?S)@0`"(L`8_L"ESMOX#/73KR1%THPH'],,5_?#_A#40
M(0`!H#)!--T$3M-8:^W9G14CD8'+\*L3JHUK6YEEYEZ\FCNGY+%00UI,()-4
MR&S=YG4'P`88Q,$!9V"W&*&MZ,G^!PW`#=^UW9'MH6Z;'$;U=BO`(`$)3''=
MX2XM@YWJX'"W5L)UKBHAK@J)K'H5!$1PP*CT<P8J#T"H^\YP=F8`"IP/8!`#
MW\<1#H!I&>C:K)N6<:?W0_-:*V'BD."?L#:1<4^P>L`Y#HP80U[&6H^\%R(U
MN763F7)1A.&EGM#K&.)PKP&T8:;ZF#G$P[/E8I6`"-M@Y,YYTO,RX[@5:*[D
MMSTQE+TC'1]*=S/3X>QT"*?[#&,HP1K</@D\_Z\.J^]V`@/BH``E+6C19F"O
M`K("B;#SN9^#(+L?8."`B:1=-`QWN*<W/S")HST2>O=$WSOQ]XA\O`*$IS5(
M$5]R?3ZY\9N@0`CF#WE.L#%[7X>HS+',?2IVOA(X-RJB%V8\1V:9`$]3HW&I
M1T_=)S:=8$^J@P(H4`/F5GMR%F%TI@@SXG)1D`:]QVZ_5W5[I@(.X``'0`'/
M4AJ)(`24QP?-=PBV-0)&,`!HH`9"$``\`%9S8"N=EWUR]W"$$'']@W>HY8!W
M%DF2,'X:Q7&G-P[GEW[0(EUUTWZPPWCPIPDY0#-!P$>1UPA70$XM$$O[QQUU
M!T/ZP``.H`KME%F+5?^`O.88..9/IM=M:;9ZG=!ZG@"!Y.9\^\03_?9T&>@'
M/!```W`!:L`&VA,)ON<)`S``*O`%`P`#`:``:IB"^S$4/.```<``8J`D`F!;
M?!`'"!<`Y,1;:)=YG^.#-B<)0$A3H^!]`@=^7(4V?I"$[D`*1\<53/ASGR4Z
MKOB$6B-R>`6#5;A7D]`N!4``!.!7!I$#69`%(/(<(#$7`-$(6!`'@2&&4V<)
MFA>$G"<)^K`!`3`T:SAZL]99K`-A<U@*Z)-LK8"'#\AFX[9T/U:!8P9WZ.9:
MD2-?CE`!U*>&L;6-[78-\B:*"#<&:O!+P2(KD4B*5?")7G4$1)`Y9Z`&R7;_
M>:?(C:EH2W&WBL6U?=[8@'?W?7DWB\52BY&0<;1AAVUX6ATG"IUQ82TP>,%8
M>.O'"?VV"8GG?KO&"7+P`)`0`P_``I;"#P8`"8KR!TG9"2S`,P0`E#`S`5(Y
ME4K")D+0"%,P"$/P!(.@!6&B!8/P!$/0E5-9EEGI!U-0EF$R`3`0!67YEF%9
MEESI!UYY)V]YEV#I!T-PEQ.0!'')EU.9ET,PEG2)<R4`F'QYED^`F%(YEUHP
ME7Y)<&<Y!7,9F3L@F(19EWX0F8M)E5VI(EF9/<E&EW[`&E@PE8X9)DD`F`IP
M8F?W!"E@!'JIEG?"F9,YEQH`<%4@F!/P!42@17=R_Y9;.0A)\)5:29N;&9:3
MR9=Y*99D>9?"69F!^9=2:0A^4):9:26`*9U2R9N,^9W"69:#<`'-F9IWH@6V
M,@7+^9V>N0,3\`;P*9?$J2*":25Y>0%2R5(I80"0$@,)L!#\&03?T@#:!!P:
MD@/"-D)P``<NT`$=X`)AT9;^)0$=X%\^4`'^U0$2T`("4*$M4`$^D*$.V@%P
MX*`-ZE]FT*`=0``;*@`$\`64MP8.2@`J"@?^U00$8`8IBJ$ML``"T`(20``F
MJJ)":J(62J0C2@#^50%%Z@)(:J0MX`,AV@(=T`4(1P9#FJ4K.J)FX%\D\*1;
M^J#]U0(J^J!+VJ54&A8MP/^B+=`$'BJE_N4"/QJD2ZJB<IJA&]H$9M!E##"G
M+N!?`[('8HJG'&JG*EH$2$`$6*"D;?JF1.JG7HJF':"F<"`!+%@%_E4&6Q`'
M2'`%_M6A%LJC+M"BCCJC84&GC8JB8/JG+4`"4SJB)&JB:'JA<0JK7DJD&[JF
M)CJE=QJD6DH`/%JD9AJE8-JD=NH#\"FLLTJD$^JAZ)>A<^JLDEJC2?JK<\JH
M%4"D:LJF;FJAI^JA$K"@]?<'_<D"(1`$!J%=%I``^LD)!%`'.1`"*;4)2I!$
M2I`!:R`TS54#Q58#GM1<%-`0#]%<_\JO39!$^G8!%="O(X!$%^`0$'L!D2AE
M:##_!Q6`L,TUL/XZ`@`KL(5P`0A``DET11?0!`Q;KXYPL-)`L&"01"&;1)MU
M`3/`L!SKKR+@`"N!!@J+`"Y;LS4@`3);LR-PL1<P!TE4M$E4`2.`!5M``3-P
M`1)`LQU[!2Y0&0XAM?S:$)E!L#P+LEK;KQDP`IO*!U_;7!)9!1<``#4;L!&K
ML"B[!838-AG+L`X+L1I;L&R[M37@!@%`!EL0!>1D!!-XM02[M@)[LDD$2,UE
MM7<KL@\+M#-;N`![L&V3M$+KLT`;M01+M"#67$9[`4I@N`2;1"30M6!0LY10
MLHB;LA?0`AAT`:7KLEK[LT&[N8D[MQDKNG<KM$2;NDWP_[E*@+(H(+!6^U9)
MU+EZ>[=EZQ"=`"D$4`004`?C6@L$,$=A$`(-P(R=@"Y'B7&*<`)$,!/CP`BU
MZ$0[P2#!0@9C$``0.@A_<`(*``*\YTJ*845JE''J\1)=H0^;P`8,L`*-)CY#
ML65I1X"$,`@'S!U,,&\K4'HL)HH.X`9X4&V;,,":$"KBFPE7801MP$K\ESU7
MB9*9<+ZT(`*DR`9EH%2;`K!^EY$\I4'ERX:W4PGJ)5V)]@<'0S?WZPZ:=D\V
M5\"Z&)*U,!'Z1HS]HX2OF&_KP(7DZASK0%@?<$(?T`!W`0^J!0!L$`=+@`[D
MR[B20,(*1G>L(09$;$`G!@3S*_]B]8MV.\P3^;O&"<&_F;`!$=P]`5`%9\`#
M'$;`_"L#'@`$,U("5X#`_',&<2!O:>#`?X`'[24&*Q$`XL`*%CP)0#")`#D)
M"^!R;,!\MX-EV:,`1(QT9=,*?.!V2+P08)4.[NM3`U?#MG;#.2R%;8P"/3S)
ME2''+>F*M$#$SA>Z+!PK4KC$AI,#)@"5\'`'%B`'"6H0JF6E`CB^[BO*F;1]
M8P#*[JL`#B`#;A`'1/`##>4-]IMK^"M:^AL+N"P)!L1\`(=PHL@`H5?`!5D"
M5;"^)9!L_$-],@`$<4##F1"*;#"_J.`$DHQ.*A$`'D@O1L""`1`%WCS-W$$&
MY!0!H3S_PB1I"Z>L,16MRC'\1FG%ST$\3+!<#2,@@4@QR[5\2$"<RR17B[W,
M>L&,#FU1!$$P`>V:%`9@`-,[#E!E!"U$P:[`6Y&EB!4=+.=3!5$0<[7H`.*[
M!&BX8E`!QS5@TN0,QR-PSI$`!`Z`50-P!EY@;Y.V=?H`!$0P*K!@!&L@B3"P
M!0D=!RYX!(1(9DY`!`R0QDSM`*'GTI-%`4P0!41`CD3C!VT@!E'@`%L<QI=*
M"!/]@;'8"Q==$$2HT7_`RA[=DB"=89(@AY$@U?AHRRF]<4),"SQ:Q!#Y?#CY
MRU<H&U!5!7%0'E\!QN)&`FXVB&?G!QL@-)&P`5$0!7==DN#,_\;BS,-3W=MQ
MG#23P`9L`'Q-,!1E,'QN@`(`.!`0$4#8PUZ3AP61P`#RI4Q'4(*%+0FAJ``^
M'4S?@`%9S`"(84B/Q`<X2Q44$`%8$`!"()L1<'=!?6<930N-_3;W'2$;S4J3
M[=F53=J7K8Z1$+Q"-<Z;C=+GS%B]H+5_T`;'=<.G/3P`P--;\!JN#44.@"]^
M@,W=_0>AR`!YP3\($,Z*]P<([G_[2]R20`3@$=D"7#25S`!&P--1<,DBZ`<;
M5DZ1X-8#T"E,301IC,XYA]=*P+<.X`&L@!H&Q`20<`2(F`9U]\7[_=,JC,I5
M+@D.+MG8A1`!GHLX3."<@."Q_,,+WO]_\"#A$\XQ.PUXKS+4LZ@`P*G4F>`=
MKB&+PAW5O^W&P5WBYLSBD"".2BZ"R6TYCD5.6*%G"6Q.2``#G<(`1,#:FZ``
MK;';P&P$)?`=X?T_-V'"?-":1(`84R[4BVW15X[1I0YF"_7?7H[G8([98P[<
M"6YS&3`#;6K`NBQ7EKWF#73%&`[G1L@$<5#C`?#,DK#`?DWB)FZ+/!$50E7.
MP\U36,W)2V/+!(`$/;*&BRX)^%7-/Y#%QKX)PAX%3MUG1\`#R^8`&.`49[,"
M44"*(A!ZHV[?J8[?I^[86:X)N='!J][E-KSKT'>!XB?K2=QYJX;FNB[@O$[A
M38A@Z#N+.K#_X2PXY$:C[KSMYP(WRY*%\54-Z'_``,=-8F`P!YS=`FCPPC"^
M[1XU`$:-<'[M"1C`UTQ0%_'&SN3$!;1`+#H`!.4^[P$YRDX1:T"/[_5N"V^E
M!)W7ZKS]ZF+.=P0OWBW\V>L`8!)@\`O/Y@T/;@]OA'_0<I+#"3+@`#=>A!BO
MYR?>V-#>\3Q%!&X@A'SL\3F^8X%Q`GAP@JV@`X@8[W\0Y"#P`SR0;%:O+UGO
M\ZY]A8^-Y:\,\&$N\-[+Y]]FRYM`M!=7$)WT25?O1;[>&!ENDE9:[)V`!]E`
M]K)4LLQ.&6E?`0*`,,SW6X/>@&^/\H0,88K,"MMLW@[`$G85^.CM_^8%CO"*
M/?1L=?BH_N7IR/BQ[O@%?_G*[Q.9W]K`OG=G@'`4/PD+[`'*7N5H3]5$[@!,
MT&(?#O4=#?<I+_=O2,H'E\W@[PK$H@D^7_F\+OQ$/TQJE>N+7]].SQ,5(`$S
MD/S+#PA_@H.$A8:'B(F*BXR-@@!^?@".E(@DD36#-9$DA$TP,(P4;$0+D0@5
MF(>0?BB'8*>I?B.$#@QL`0%1B`BGFBU^$HB1?A&1%802?BV5AT=,)X2]?@C-
M?["2BTJ1$=;>W\VRF>"+LF".(\>4K*Z&T]7D\?+S]/6+K)/VEJJ"FWZ=@YH8
M,=)(1QPLL?@58O<JX:Q!>`)@^*.#"1Y$*/^4*&GWIP8P88<BB#3F!]D@9<ST
MO;.&+5^B;<7TR:0D;J8@<^C4.6+HSI?-GT"#RL,G],\E/^,Z<O(4R9&(.&BH
MU30$8$`)!0J`'(@F"!NJ2+0$L7%`P9O'8(M(FA1$HLG:>BN;M=3&K6C1J3-Q
M-DI7<ETDCM)\VAU,>%X!#HCA*"(J]&A2?P`%-6G:B(*#$E(5$OH2!T84!@[B
M$`$AXYK#L$X"'/AV%F0B%$V:*"D:MU*$%BUF*X+9K;!-O#*5Q)Z3LZ^C"```
M9`A9H4)OW]"C-R(0@@"!LHD8!W6L:6E`RHWL!!CP%:DA)T0PM].A(-</K[+"
M`B&"W5IKZ8=J!Z__B[\>\/XC7'!!9/T52`X!#0BR0AU]!($?`3$H$H8)%%9H
MX8489JAAAC9$DD*%*41B@X4[1+(AABF4,(8-'?KQH852I&>$BQ:^`(,#+XCX
M@AYZ:&#""V,@<>*0*92XPY!()JDDA2V.N.23)K3X(I145DFEE%9FJ>667';I
M98:*$5)`'2$($D("!?2`'QP--,`"#0:RI1!D3/E!201HQ*$`<#(X$$49?Q6B
MPV6""2("$:6Q]E&<@NBG#V^,QO-?I)16N@@%%@B2A2`<F.`;%19(,4@09<;)
M73_>208>(\8($4!4Y@W"1!P;\$3(K`-00\@1#BA`SGV,.FH/I)9:,VFQ_\@B
MF^D?.`BB@1P%!K&L@:<J]4^==T8"PQ@S)K6"+7_82H@"<1@!SQ_H.3`1.,#&
M*6P]Q";KR+'RUAOGLIO^\8*HT='01Q]0U%=@M71^9^=QD9B17JQ_>!#`$>$&
M:L@"8XRQQA)_'*!+HNPN&FRA]N)';\@D0[?LF13T('#)/U$P0EBH7FMPMM1T
M$8<02;&Q2\2MO&($#+D0$8`"*\C3KH'OLCS8R$HW#90&@A1P!Q0&.%U8P:H>
MW`A)J%01QP^"8$`$$X](7`@V7H@A`@CT'%U@TE8#Q73<=-=M-=9_3*8UJ[$8
M48(#I<U7-,^`#>*5/F[W![?=^LS-^..0%XNWWO\T?V4$$5%\ZVO9/1MRN#V)
MX[=XY/(X3OKIJ$,W^:II.41'`*&M2WA#NH+NL;L@ISZ/Z;KW[KM,J^_=>F9(
M,3%T?>(:GGL\H4LW^N\T:0;]]-37$WSE-8'@!"')"Y(!&&`DU?;M2"]???0,
MGZ_^^I5<CS#QX@_2/5#-1_<\^X;PCO_^U;N_M8`(<!G,%F*VHM0/.O?CWTVD
MI\`&TJ,'5A!$#!Z0H&3YKQ[S^\D!?9-`!>K/@2!<1`/ZD(`_T"`$A_$4LBY(
MCPS:9(.%Z2#_/AC"&AHB327D0`FM4`<+IBIOK)N'"V<"0\+(<'\TM&$(/T"`
M,/6@A"R`P!\(\``?RBS_:S(9HDQ&0((*N*1\M5-B(9(H1D;%(`L/8`%T)EC!
M)_XA!CN$@B$^H($ZVO&.>,RC'O?(QSR&R`\VN&.)_-#'0O)12H9,I"(7R<A&
M'E)$CHRD)"=)R4*FX)*5S*0F-\G)3BY2BH6`8YS<2(-,O>`%5B00Y?2AQ=\=
ML8RPE%<,H!""'!3H!6$0A!P:,"W)_7"5]FBE[UX9RV)6B@8YN$$="F#,[EP1
MB,(38@'71\QF6O-><+(F"Z79.?Q5\YK@](T5:)``.5Z3`C6HP0"!B<%IJN^;
MX8QG42#0`PZ$29XS8Z4[SP=/?/KSGU839N_Z"=""&E1>`M5=#<`7OX,Z]*%.
M_TLH1"=*T8IZ0Z(6S:A&-\JYPG'THR#E:`U$,L"0FO2D*$VI2E?*TI:Z]*4P
MC:E,9TK3FMJT*"M865$H,+C"])0P/QT,3Z'#3-\4M3`4T"E.B4I4I=)-"@3X
MPP=B0-6H?B,'N2P,'&X`':[ZQJN%*0)8":/"PI25,!"XYV`*8,M/06<":B4'
M!5X0@[9*AP59X"J$Y#$!4!*&`%7S36`+,UC"T*"P@^$`=!3KFP18E3`%F`!T
M4.F;(#PV'J<D0`_Q@\,I1B@>??4-8*&#6+N4MBB'7:QJ&WM9NT1VLM"Q+#VR
M4!8YG)8P;F23!1[0VDJ$MC"C%2QIH9-:WS"V,,<EC/]CC2I9WU"V,+*=1[/^
M\"SGUE,0;AR$`4I5"`+<X+O@#2]X#3`!\9KWO.A-[WDG8`#UNO>]ZFTO?.=+
M7_G2][[J92]^]XO>(/#WO^'U+X`!3-X!$]C`_Q4P@O%;8/Y^H!#3/65_LBL(
M$_3RIAC.<#/J`*?J]*>6)JP#"\RIX1*;>!$$Z`,+*GCB%KOXQ3".L8QG3.,:
MV_C&.-[?!VZ02S@DX,=9)=V.LUF`&T30'F&X@54_D("L%B`!1V:K7UN6`[L6
M(,@_\>Z#*6"%&QRU90EH*PUN8->?;%6M)0R*EO_@XQ\'529K_@,%DOE@H(RY
M+%;X<0+JS+\B/$"9</VN`>[_()0B9"$+$3*TBK^LCP_D%0I!*$`6)M"#Y\JC
M`!:8``X>7`<3L`"*+PA!U>II`4O/)`06X$""/M"'*@+E`U"X`0X*8`#;XN#-
M^@C!"T+U!Q,D0-=V_G,6PD2%Z?XD![&>M098\%U&ZP/9LB[`F'2839N\@`5!
MZ,,?(/#=/F`9?R^`%@74:*8RVZ0.#[Y#`BSPX`8XR";2PNX-2J4F?<BARIDJ
M0!\^D"`*;*I4^?H)H?^PJ2(DP-4_:4#5;D"%03S@V_JPPL"U+8B4`24&#;>"
M8HO`H*`H_`\,U\!G/;YP*H2[*"%0#`0%X6@'!H'0"9ANRX72A[(TX`4WZ,&@
M>UN/_P3T\.`0>`"7$4X/5A^&7S@(`K28%89E43SA@GB`8J@8%"C8L@B?)0!M
M@7*#"O8!#E88X91E<B8Y6Z``#8##TVW"@JO'P``LL``*@=+V/V`]!"P(P1V*
M`)12M5<0+VBN`@L@!PN,4!!!..M/J!`".62!`U9X`)GX+),56.#R+*!`X=UD
M#[1[B@-(5[H@<%!*0:Q])A64^A2)/A.KVSU"!:@[U[T.!Q_+@5\V4?<?+/\"
MJ)U>)G7'>@&2VH"Q`M_MU\W!TG,OB+_KVZGX2X!B_2W4#X1@`EOGP/)_<H-I
MT8#%\P@!8\/.Y@<4H$R2_H.:*&!LMI=ENE0'B@4<9(`@K/_@TT*A`;D#3H'-
MVD0.J)0`+]``#_``.,!Z^C!_?U!_VG5;]*"`]1<##@('%Z8//0`G'/8'H`)"
M87`'=V!^?T`JKK6`/3`FDM5I/U$$/3`U'_`!/1`"JD</4H`#+,`"H]8#?=!A
M+/``)=0`=4`U03%+=4!9\?<3!4!!68!V-,@"$*</,3!B!@`!==``66!N^D``
M4$"%?/9[^N!G5$AK*]@'SF8/7IB$95AM,V$`#W`'F\4"8\@^!0`!=@4'E`<4
M"1`#+_!@'U!X!@!]\C!G.5`6@.B'U@`'$'"(BL%65K4"$,!W<C9.0D$!87!D
M<N:(KX8F4W2($/"&]4`!$)!+DK@A9T+!9)2'AC;!9,S$5H$XBI@H50D05S-!
+`*NX`CR''X$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>b65752a1b6575205.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b65752a1b6575205.gif
M1TE&.#EA(0+J`.8``+VYM=_=W?;U].LG*,^"@%%-3/%X>.U85^@5&.M$1_-H
M:/K%Q?W\^^;DXZQW=LC&Q>]F9>HV./G%O?WU\X:#@_.+B_OAW?K+R>P`"/K1
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M7/#O[JRHI^M`0#TX-Y20C_*%@.+@W_!S<^Q,3?BYN9R8EV1?7O).4-/0S^P'
M#>KHY_!12_1P<?3FX<3"PMO9V.Z2D."PK=,>(75P<$A$1/___R'Y!```````
M+``````A`NH```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI*6FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!PL/$Q<;'R,FU*S(C
MR1,R%[D7&8PK/A:$)3(G@Q8T'\KBX^2T*',8&'-@1!B#<T!_Z'-S(H0C*G,#
M"#%Q[G\+,-2H@6&!#PP#&/Q1@6/0#PQ*#*6C]P=!'4$'.VA`J)#AGP'J4,3I
M0.B@#X(#2'Q4\<<"&7T(*A@Z.`<%F0DSU,V9\8$@O3D\-F(@R0#D@#\XCJJ8
M(2A@C8`87`CR-V"%H`A*:,[)8D\>$`8*$"*05B,+B@$H5I3(-V".%:L#_X[^
M(6@0PX\A?V;,Z$%/)X]R@`,+9L1C`9@M"SJT>Q=O#H0%"[H)&K*%WXD,)_PU
M%4CW((84"QO^R8`!@6A"&!1`KGCQ3\:-<]R$7KD@!8(L*C%B.)G.Q\H_"N8P
M.3&BQ$P,241@*#(#S()V10C:@3QA(X(>?T:4/IIT(5.``@,B4/!G"`H$5?^0
MF&/A8!(6_K##TV[G,@D2Z%F<6,!@Q@\?)R0!ST=R=::.5'JML(`=&&BPP`2#
M12AAA$L)T@YD"PSH&'6#!`3:(/Y`E@)G!1TT0T(>Y36`"'.$@YIJTEBDFT88
MJ(%B0P.(=I`,@YA$D`HJD#``2PA8H4A&/$`T@_\*#!PT$`;3+?#'1@H<I0$"
M*G"GU'=.!51!50'%D9X2+&6DWA81>-4!!G%D\T<1`@W"``8&##)#FG$)8J`"
M"`RAER!,Q#GAH(2*4^$?[:233F.*5C,C(?XH2F)=8LSA@T<??'8!"G84HB@"
MK,VX4:9%>)2C("LTV.-N!%UPW9!_8$#$D7:A@`().:7#Q%R23CG44#C@D"52
M6V[V5$%SN"#"`%5:E8549@('ZH!"X?#!1E:AJJH@?!*H9XD82&#IGW\$6D.A
MZ*8[S*&+":)A/(6P@($8D/[CE($U](!E0TI@L,4,"/S@Z:R"(/"="T-M](<!
M<9@J&A48Q+`J;QT8``;_K'.0E\A!0(AA57,U(``&K[L*HO`/?%(Q;'<J)&!L
M0`O,8`4*/31[`@;AF#F!"B,/^,<'[0!Q`P9_"3(GO'_$,7*>?[@!;@9,(/`O
MH(*J:_75N+#[CU?R*-!!!]FJ-\`/-3"PP@>:@?=D737@-P<.0V2Q(A!DA(L:
MP7]L,4<':,]!@L)NXSA#!V($[*)KK`Y50ELLQ8%`$@R0L$(&&I0TE)TL]8#!
M"`09\'5U[E@QA\`K<X>`&Q/4/0+,3*#S0;-)C(QX#!=8@8%,`Y:=P1P&K#"'
M"ADP8,$0"0S@!@-%\(X4T238?L)!&4R```;?F8OU]=C'HC5C\LR!0$R$+(!6
M_Y8NI'TON.<JAT-`OOUQPDYW#Q+R#V#0Z:L@MN/H_>_23$P02<IA2082,(<M
M@*$"[7J4();D/@R(@"#G&8O"X$2&A6CI#SSX`0(BD!H&P&Q360!.56;PH8,@
M8'1L4`@\/O`[]$C)!1K,D@4Z``8LS2$.W>A`P.I''N@MC'I4.U?VADC$4Q0'
M58X:C54RP,0,A&T0$F#"#5KBJ`E$SXH3P.(?&)`!"TQ.(8(801*52(@A)*$'
MQOF9HTC0Q>QDP!F&L"()K(@7*\+Q#R70@!(D-T8VXD40)8#CYYH8O0\XRHG9
M<88%X#B!&&B`D='+3C:(,P0F0$@]3+RD(!`Y`B8DX?^/@B@"$Z#0(284;1`T
MZ`$<_;C)-!I2DT6,I2QG2<M:VO*6N,RE+G?)2U0,82#`#*8PATG,8AKSF,A,
MIC*7R<QF.O.9T(RF-*=)S6I:\YK8S*8VM\G-;BYS$"10@#C'2<YRFO.<Z$RG
M.M?)SG:Z\YWPC*<\YTG/>MKSGOC,IS[WR<]^^O.?`&UG+P=*T((:]*`(3:A"
M%\K0ACKTH1"-J$0G2M&*6O2B&,VH1C?*T8YZ]*,@#:E(1TK2DIKTI"A-J4I7
MRM*6NO2E,(VI3&=*TYK:]*8XS:E.=\K3GOKTIT`-JE"'2M2B&O6H2$VJ4I?*
MU*8Z]:E&?<`4EO`'`7"@"@+_@*I65?J$'%SU#WT0@@FFL-6REE0`:!C$&/P@
MB"-D-1$""(!<YTK7NMKUKGC-JU[WRM>^^O6O@`VL8`=+V,(:]K"(3:QB\?I6
MF3X`!&@`P1,>``=!P$$.BHCK8C?+V<YZ]K.@#:UH1TM:NS8VI@](ZQ^,$(+*
M_@$.&S"K;$&Z!K:^-K6"R,%I9\O;C!Z!`B:@P!^">X06]/:X&PT`'0;1@#(@
M][G0C:YTITO=ZJ8K`-;-KC(>8((G_*$,'"B$'"A``3Q`0KB.$,(@C/"'*F!B
M!SF=0`H.IUW!].$/?A!`"[Q+B"Z8MP!Y\`0>C"N(`F@"O3>5@`>$6-]>C"`+
M/XBP_X0G'&$(%,($?RA`&4P`QD'X=[AXB"P73.`'/PR!`D;P`P5*+(75#K?`
MKRT`&CC@AP(T`+]TJ`(:"@""/Z@7#@7PKA!*7(8CR#@`#U"OC^4`!S^@@0MF
M`(&!;WJ#!3?8%]>J@):WS&4M\X@02"B`$/H@A2/<U\,%*(!;0<``+`@7"VG(
M`55!((`P'"'#?[@S?E<K@#RD]0U3&$-:X5`&!O28`F50K1DP_`<O"+<,!<`#
M>BG`!0,+0+@(MFF5:7#E".W`!$)X`@<>X&$.A$$0;!5"`8#;@B-PX0\]#L"=
M#:QGMMXY`.SM@A`X@`47[UFX2\A!%2CP!D%0@*JPEK2QN?^@9TSG5`,>X'2G
M!7.$-1Q[">85Q(=1_0<\,#K/KX[UK//,@`;8^@^X_H.N_:`0..Q``(<6!+S-
M<.8W"'<'1GC`?;E`Z6;_(=,UA?:'IEV.-6`8#T;0\""J\&I!L!>L.8!#'B@0
M6P,W0+B5-<$1X)"#?_^A`?>M0@XZ_@<8&.$(;/5"`XR0@V(+`0Y&*#*)`VP"
M$\#A#1M`KQ?^\`0XW-BF1/``=@A.=%N*P`,R*;K296D`I"_]Z434@@?P!O6J
M6TT!'NB*U;>.K@-XH$Y<#_N@O*X%L9L]0E_P@(7/SO9RM,$#!VB[W,4Q`[C/
M_>['2(`'VH#WO@]#[WSWN^!]D07_#[AL\(C71>$/G_C&U^('39"=XR<?BQ^@
M((24S[PKOB<PS7M>%6?I/.6Q@%VK8O7SHS@+J"A/!Q!T`:QB)2OJ0^&!,Z"`
M\@SP@PFZL-:V[K809=B`\(=/_.(;__C(3[[RE\_\YCO_^="/OO2G3_WJ6[_Z
M'GA!$Z[/_>XK__<OG4*2NT!9RV(6K@U(O_K7S_[VN]_]!-C#^^=/__K;__[X
MS[_^]\___OO__P!8?V'@`63@`0%X@`A(?Z"$6G[`;!2`!`\'6ZZ0!6`G=RO@
M`5('2X,7;$>`!GZ`!*JE6Z[P`T8R=Q:0=1XP1HTG!*\G5D;`7ZWP`U]P=R.`
M="F(>F4`_WZI@`",UW8=X`%,@`)3-'NP<'GT=78\X`%*((1$6(0_0!)REX0T
M<!U-^`I-@`*GQ'8+X`%0\`.54X6MX`$>(!MR5P,>D$%4!X:HP`!B&!%R%P,>
M\&!:%PD2,`!WI(:1<(%`.'?01@(1P`:44`$>("5X*`EZF(9FYP0>\`<)4':3
MP`8>(#&%&`DGV`2.V'9:`"H)L':24(`#-XF.4(,($'=REXE_T`:D*`EUEW2@
M&(H>,`"!UW8'<!2H2`E;D'6M^`@74'M;,'<X,#('$(N1\`,8F(N.D(1D(!=M
MUP9G\`?!2`DH8'?&R`A;:(IREP`-`0$]^`A#X`$H((S3B`AFZ/\$37`("^`F
M57<&#:$%V^@()Y@%[1B.A6"&21"'AC``2*-TU_('7/$'0(!YD;"+.`"0\G@(
M*;!@*"")A/`#G*AT8N`!$M"/(D"0C^`&&+AZ!7D(T#8"/\"*@X`",_AT2@"$
M/S`K1"!ZD*`&3=`#Y9B1AT".'P`&%3@(3?`=2P=M6M"1?U`!*/D(5O`#5::!
M+OD'II@`9]!AY>$!6R"4TR:(7P`^43,)"9``9IB%0TF4H"(#AM=A%_@#::1T
M1Q<!-/,'/7![DH"/FY($5TD(R2@(4"!T@U"#*-`_2@<$'H``8\F2DX``3,"1
M'GF5OS@($5!!@K"+@_AT4B>&OD$#BQC_"6RX1Q$PDU?Y!9+7EDTAA@I9=#,C
MAIQ694C9"!<H&PE0@FO)B*?!!![P1Q8)ETOWBV)(!7/A`4_4"#\H#5_P!2.0
M%FN)C8.0A%`(;>`C"!;`E-F%BM%X+F;XE8ZPA<9A!0F0=H0XE!%PB2<H1&QP
M%EWAAY=X99MX!H=Y@9_8"%6&%P:0!4T0B6O9CT;3!!_RDV>@,3J4BE?VAW99
M-&?0C)!0EA8BADU0,@3W`&D@!0IA>CIH"NHI""4I"%\0`;4X%S5)<%S1`V<(
M*"CPF8O`DX#RBOA8=#D``'[P>G#0`N0U@AYY!FN'C0=P,!Z0)M/6D2Q@CP#A
M`5#H"&P@.R/9_P.CN71(0`&U)0A]4*`?%P)".J1$6J1&>J1&&@4Z0*0O\`)"
MR@<ZH`-.:@8ZX`%1@*18FJ5:NJ5<VJ5>^J5@&J9B.J9DVJ4H$`0MP`==(*1/
MX`%!\*5-*J0.T`1=$*=E>J=(NEPVY0</4'ZO=7Z(P``",*B$6JB&>JB(>J@(
MX`2%6J-W(``_(`)`\`.#"HE-D*B8FJF:NJF<VJF>^JF@&JJB.JJDVJE-H`>'
M"@9?\*DD:*B.6JJPFJ@6"E-"0%8/$(&QQ0IC.0@I,)<5P011Z8SG29S5%6V&
MH)*YP0@,T`1.4`A7,J.=!@,YH!!T$()`FGI#)P@_6`1_0#,IT)(GXO\!RJE=
M)>`!W%H(-9B9BG"!YSH(+-`$#'9E7``"Y.5>+@B#J^`!4D$(8QEM<!@.`Y!V
M5IE="A:=A``&;;"`B5";AJ"O59>#KV"LA("/'S"&"]`$I(0"1Z>NV74#6'@(
M%]`$7[@(6XB.@Q"<&=F-ZMH&9'"""Y`!")`"$Q")*)"/VO6LB#"0A6"R@P"'
M0OF'@Z"PK7B!\?H'$'`&M6D!`T`$(]`$XD.8#<:3XXI*XCH(%Y`>A?"MA]"@
M%]`&4SN)1%L()YF$(S`!6Z`%"^"57X"?U;4";0"%_SB;O8D"[?,'1R=$R7J2
MAV`%WR&(:CF--6BP?^`"YNH!W3"+%7"4RY+_71(*!A#"CHG@ET:#`!Y0.530
M!'!+D8(`!'(!`5_7A$#@AHA0@U9YL04((;N(`#,8K-65DS_0C&1@DW&T!8#X
M![N(`G%W=`B@$LZID6;Y=N!H=DE0`50@`T0PL(@089)Q"`Q+""L@-XWY!Y!8
M=H0[J\\U`P=0CR.``R&)"#-`F!6``GPR!&T0`:8Q!+=Y"'!H'&"``CV)"">0
MK00W`.<IAMN9"!-PGO)9"+L(K8+P=F;Y!RN``C+QHFIQA)=@`%\&5/AX`AX@
M`PV*"+&[13B0`"]*!25)N"RPB8<`LZ`A-3+*"",IN`TVLR[`1&T@>8IPN58P
MH8=`MH;@N1CY!QV@_Q*[R`(_8+.7\`.2R5/+^L'.V9"&P`:]J$-$4+$%F`TY
MD@4Z_`=FJP7=.*ESB`B"F!`$MXO]8P`!K`C+8@$1H+F7.;55?`CE2KE0FPDH
M0)H^5:[G8@5@`+2)H+??"B%XB7D&T`0BBPC!&+AM$+R&(`+12"_3=L=_I)4(
M;`@XP'=:Z;]Z(IN&P)@J'+1B^`/M2`8L0`E-T+T^]:+9$(0'ZKN((A=Z5X+X
MX0&P>0B<NX4C(`+O:PA:<`9M@`#$2ET1T+V[J(*',)WE@0#WV\ARNXOQV*U?
M,*GHZ@&U*PA;(+J*0`(>(+L]E8D*89$$K`A!20:'AW4CV\)R*PC?2HY#L/^^
MBY"BOMEI#(`"(UN=C!"<0(`"RSL(XVD(%ZC)A'`#%O"M"XB:RGB!/=S!2AE4
ML!Q&8NB?YN@!%I``A.D"*!"=5-"+XKBB1R$D?DP(J!BXG5:NEVPT'O"WB<#,
M7T8"_?G(T5L(""#$A;"%%[W+Q"@9];B_B%!ERNA3P;FLK(D(&>`!5ZMUC)P(
M)^@!)<B8N"PG*J`%'-UI6OE$?+D(MSP(7["4#*"3?U"/B/`!0GL/3OTFINP!
M%ZUW"6"]A`"<0#6S0_@1$HL(H<F>E$"Y2<<`JIL(SVL/8SD!&FU=1###']'$
MA(":FK2+2@"'MT*66PP)#'`&I*D%1X$"N[*L$?;_M6+K`2WI4S6=1&E'AHG0
M!!``KY3@=?OZ!XR9TS2,`)63H/6XS=%5!Z<A"#FJ"%]`D6>0`%FP!4V@EOI)
M"1.L'KJ\!1:6A.N,O(4`B1YPR#@%A\EZD"1<"''Q`W<("8(8G1=XRH9PL;`)
MM()(E]4U`CR;R(LP`,><H2DXF`S`NI+PC]I*A59P!D-0EB?(L3%\GJ>T`EP=
M4]Y=T])]"`G0!.1-"55VA^:,"$50M=]+E.9*=$0\RX9=""<`C^6"`C6`H92@
M`69ID=5P)0L0`<TXX.&,E^WS`4T@R#AE!2SJSHQ@ERS]"!^0W7\@DXA`N((P
MP0-0N43'D\=-"#/+L2?@_R(\K."38,!DV9(5BP!-<,E,S`@I_`,E<Y`D7E,D
M*`F":->4T`;R/`A!*`AL$`$>C8L$)P-.&[F'F0@'D``360D_^!=$H(P_,`#]
MT]^+\)P_S@!I%^(R5;'2!@DWR@E1GJR'$^:"P)-OB0)LVVD5&];-#:-4C`!=
M3@DS6SF]6YC+>^B*(),<7`1GP=`WE=218)$GG0F]VC]:@`)D&.6"<`/]N7=_
MC0@ET`:SO%7YW=(>,,M%T`1H8@D(>XIL#MZ+4)*U:`<Y_-(U567)^@@UK=B4
M4*X2\ZTHL'9\*YQJE]&.O`C:"UT)B@@,O@C/:WB64`&@0H&(\.2+P)?/.`!:
MX/_=-47MLQ`3-0T!ZQP.Z2L(39`%"`#?C`")NFU6)IH(BQO.TEX)^WT"IVX(
M<"C:-)D"[-B-23"2.:4%D`X+9YL`/\``)<"0C,B)/)X%%<O<B9!V[7I<ZRP!
MB+#:C(":30X))WB0"UP(/(`"F7T(;$@#$[DI%V"1O@U3;5#:KX`#E'O*ZQPW
M2`,&S=RM(YL(MQB>O/4!)\*4#+\(9@CSDG`;OGH()S``9)"L)0!+1#O73"#E
MXVQ3S[O/K&"760!&/Y@$S9X7/%W7C$",?]E;%ZO#,RN_4=T$9RR5'I`%HLT`
M3;<%?S$"`R"_I,O@M4BZD4ZWLR!P<G(&8CFR7F</IZW_")2KY#Q%H)6@!E6K
M#5F^"&SPYI0@H<YL"!D`!O#Z=O)YRS[@`0E:L14_4Z$]"R<@T)K-F8,@=5(Q
MVXG`AFI75`7P`(M6"4-0)$@)PZ50@VH<J(47>7O.G"\JL69M4ZR\"_EK9?N9
M#7&K"`Z,`D;O4WDP94?@7(D0`"V0_=J__0[@IML?!![@!=L__N1?_N9__DV@
M`^>__6D`I3H0!=\?_MWO`0Z0_4JZ_OB?__J___P/""V"@X2%AH>(B8J+C(TO
M+V^-DI.4+2]-#H,Z48)!F(H.37POBF-_IZBIJJNLK:ZOL+&RL[2UMK0/<*=P
M<K>I6U:I&BB^Q7\N';7#J4Y-_W\='AX3IP-`QM?8V=K;VF!LW."J&6TKJ!,E
MIPP(%:\+'@=@'^'S]/7VV`]&NQO75@FI(G[<RW9#&BHM"/Y8\"#PU)DO`R-*
MG%BK!`X2#%!HH'B-A*LS9/YD^")/54$G/Y)Q7,FR):P=:$X=P4:DX2D(9US.
M<H?N%`XP?R9X:(/JP`"*22SH7#I/B0<E4#RP8)K-P-$$'HBL&B:C"0^J8,/6
M>^,'315L+@R>^@)1["IH7T\EJ',*C`M4!HA-1,'.K5]:0#QD`3+@Q%];8CQ(
M8/ACA*J:)3Q0.4RY<JPR`K+Q0$'CU(HLWRJ3\"`#E3=6!3U&%"K"LNM4.%`(
M;OOZE?^%`3^:6/@!016$"'^:I*A-O'BQSP9.46DBP;5P5#^TKG+G..)B+<8I
M?P!C17;R[*P.O/M#1",#+5E&;"&Z#KS[]ZO:'#A5(:'K'^Q.I$#!A!6T"Q*E
M%1)\86V6!%;#$4B?!QG\\0$$*!S0A'`(]#:8@A@:I\46IQSPCVL1:$'"%DUL
M`>`J*T@E405#9<B44Q.PX,$"&8Z`73ID-''#0Q[T\$<"O;DH9&5,V%?-:U]D
MP4(3D[GB08(#L>%!3D.V9-4I&3!0)2H>$='$C'^PM>688<G@P0<C>-"9:WD%
M!$L$*)P1ESU6>'`4F12)B6<J"\C6(`0?[BDH1QEX<$%-U5G_5M`91+UR0@\#
M*##0%Q[8-^@]H%WZQQ`S>&"8`5EH*NH]0D&P7FT\>-!$:[%80:4]":#@S*CS
M#-&$CYHRX0%]EM+JZS9MR":=:Y%Y4(0L%>AE3Q81>-#3K]KXT`2-FI(PU1\Q
MD`;MMJ(.X4$\LA3AZ3T_?,$DM]F8.HVOG`:*[KMCHA!D+`O%<(^\".`*KR\1
MS.NK$DT8MN_`+D)0FBP,\&8/`QXX,0"K!-,R!`KZ^KH""J%%K/&@6MS)P`TE
M;9-B#0E(NK$LA9X(K1HHK'ORRU4ZQ<`$$##D<C9PR<>*$XF^;$`30W`;F;TP
M%^WB!1[8D04*^VUA0`('7T,=&3.P_]*$-45G$0RZ8+AK]-?N3=!$A%,M@,``
M"-QX3;8?L,&A*I%Y/2@+9US[BI9_D-#$7>@FX8%*8`>>'0T+X/W'!1;H>8T:
MSA!Q9RH%(1"TIAT@T`08@+-R0@(W3"!EYM!.P)?@I"OH=KH"%;D*BQ[XH&D&
M"*3WPQF&KV)`-#\TO"\.9]Q<^N_$U9=-&QRFM0H;$6PQH*`NH)!%T$50[,H/
M6M2W)KQ1W0#\]L0YE4V(?[AQIBH'S'"EH$PT@<.Z#+31Z%LJ:@S&\MS7?U@-
MSF(3W1^I]OS'#%9(3#GPE#XVW(P)*)B<*A#HNWV)``&JL9\$Q0(7;""@/Q5,
M!1@,D"9JC?^I`TVP@N^09C=4,"`+M(G8!1`PK`FZ<"E"J5@M2&"`P"@A;Q[8
M2"K6X2T9PD<)\O@`"AJ4%P6FHERK0)H'-6:%4+WPB3KY`?UJL8`FX"8N7P!*
M*IZ#L0SUP`/L4(,'R/"!)F1,%1IH0NW^(`(4K)%@XNH/%.?(D0.\[18]`%HJ
M_"8/PWS`6'\8P!3_\@$U&/$/TFI##4[1+."<K0F4"IDXP,2E+<P'9H%1&1TW
M:8\*"*0$$5S%!X#@/S9H$14+D0$++EC!!%3-,GZ[(2K<@`(R;(%BD3&7$V:T
MA2FY(B-R/$4,FK!(F$W@#`-H(">7J0V`G6``.A1ES;"&BC:D\!3_U,.!![Y`
MG3]H`3B6L8,'YK6;,Y#@`U9```X0,`(X22X%3WG%%OXQ!!E,H&-?LP`0#LG,
M?EX#?V=H$2N"-0"O'4D56I#-#WZ0EFDX3AQ;B!I5>@G./R1K723(@NY8]`T&
M:)(5&O``":A0*>KY\Z2MR,43M"0`$W@A,]N#AIW<B`H)R$,$3:`!$1+"@`ID
M*9Z3G$%BZF`?U:$"8!ZXXRF&L`41K&`%A9L(`YJ0!34&90LI?*9A;C/`6$2&
M!1`8P!F:<"R4FA453\C#$:;P!S]P80E]X)Y0(E`#Z?TA>C]@`0J2DQ@27``%
M"<@`"N9DP@0L($4H>%L*9N4@#R@`8+(\_P4\OQ0-VDFD!OEBT!_\1MAK(,`*
M/TC."=YXUI,^00AY*(!,=O`*.@#@M;"-K6QG2]O:VO:VN,VM;G?[6BW8``F/
M>.T+LM#+`5P!`#;P@`V"$`T=9.&XMGV!!W3P6@)X`+K)_6T"^(`$`"S!!E'X
MPA4(0-XFZ`"ZO$TO;!]Q!110=[CJO>TE$(#>^-KWOOC-;VY96UIM,,"MN=A%
M+^RW4P9L1@,K.$`Q1W,#.^`F0K#055_<H90_I.8/,N);&[OZ!P0&TQX_:`WQ
M*@>QJFRSOV:5`PC0D(<_F.`L^=B'!/%G`#"8<Q7K`(E32LR*5"4(:2H17H=:
MM@"3JD(!Y[)'9/^.E4<$@.%9V4!:9%%LUC=0X!1EB,D?<C!!!H!AH1)%Q1EF
MP)<A("#,JS!S,=,4EP-4]`0>$,$`(O#&(1R`,W@;@A4XC(V"R,,=`Y"D-DI`
M6BHO$P\@\(,?3/"'*O@!!%CPY^V(Z8L474MAJ`C,#QK$"A+4:0!?N=T9L<&&
MA@PA!<HTM*JU@9F3R@A<MV!8$OZ0HNL%Y0M-<D4-(C"`V[6A"?ZS!0.L,`)U
M^&O5R$ZV+Q8R2%IHY'":O44)&OD!!/#8%M`P`#1*J.QN>QL6_#$&?O[0UV*4
M@-A_"&NP:2'&`8@QU=^.][='`.]89*$U0L;&!!"``"7P(`:AE`48@H7_@L?)
M^^`(-\89YK.A;9R@3M%``#5C(;84U*G9"<^XQEOQ!>#H;!L&SH"-$."$G?PM
M>GS;N,I7G@H(_&`[WPG'L`=0Z!(0(2X]2.`0BE!OEOO\VXPK0A/0O`T9Y1H5
M0PCIE]@P@@0H]>=0S[B9K&#P>>"@(2/(`HUTI8$A^"!W0(VZV!'N#DS7PQTB
ML$`"FM"8'VPM;S(P@*#'3G=E%RKL]&"`E,"0KX+_X*-U#_RW(_,#*-<#@6KX
M@U-:*/C&=WLT;Q^(`B_`3\=;7M5[N[SF-^_5RG/^\Z`/O>A'3_K2F_[TJ$^]
MZE?/^M:[_O6PC[WL9T_[VMO^]KC/O>YW#Q^8_[J$`86>B.];,H3@2V3X+`'^
M4CS/>Y9P8"E8H(-.!)"&I<`@#$MYODZB/WTS-!\LVG<)]UU"?>MC7R?A;\GX
M6R(`[]\^#0_XPQC@<(0R,"7]+%D_2\JOD^MG'_K21W[N5WN(U@4,4`!OQ6BO
M(``-T(`.^(`0&($2*(%3,($6>($8.($P(`<9V($>&(%Y0`$?.((?V`5X0((H
MB($5F((L&($;V((PV(!YP`$Q^(',AW!E4``4T`6IM5JMI5^Y)05`F%_=-83X
M!0-&>%]24(1)J%Y"V(3JQ810R%M/.(6SQ5\L9P)K(`0FJ`M_8`1<\'UB:#1<
ML&)"`(9'0`%+H`]_`/\'YS>&</@R8=`%76`$.:!BI\!E<;B',&,&2_`'4M`'
M.1!_?%B(,--JAIB(BKB(C`@.+7`$:X`*:]`%'!$`.6`">&,&1G!E$<$`'("`
MI_`$1@`#Q@<.7H`&(,!:70`"(!")$I$&:(`&IE`6:("%$D$!:.`']O<',$&(
M$L$%7A"``O`$E-B(VF`$72`'?G`*`M`'RRA5!9`':[AEP>B*`R$$-`@'&]`"
M;]``<%",`\$%7#8&)I`'NE`&;#@0`J`/&Z!:F5$%,S$18\!E>."%)E``D281
M2&`"^;`&>8`&#^"+QG@-('`*0M`+0N!H%+$!0G`*!8F``GD/;"@$:6`&0L#_
M`$?PAQ'!`0WY!V@@!9RH9>'H!0Z)"EQ($7@``W_``#%1!5:6CQ&1`YG!A5JX
M`3<XD+-0`$BP`7Z`!QM``?]%$3G(!5+0BB!@`DAYBRW0CA10!B!0`'"`?/4@
M!!T)`EW`B<\X$'A0C`7Y!UQ@!*4(#EB0CR`@`%%)`3`Y$%W)`;AX!$?0!V&)
MDPMX!/0G!VBP!%S`8B@)!Q0``G3`AJK5B29@AVF0!B1Y!!TY$&80DEB@@")Y
M#W)0?2SY!W10`&\H$0]`B0+@!X)(`7Z0`[LX$%K6`GUI?X8IE]@@`#%!`:P)
M`O@7$7B@#V@`?(\9$48@!T:0&4N@AP.Q!KDI!5Z`EXYE@`><&!%H4`95D`,L
M.6`4P9("P`$*^`=H.1$BZ&)28`*9D0:OB9JS<(]^D)99*1$%X`=PP%I/$(LJ
M&1&.=I=_\(]^4`#\(!%R0`%3$#0AF`9260\_Z04,0`>L20%/P!$/0`$MD`IX
M8(T#T0`@8`1'(`!YL*#IR)VW0`=Q>0_Y*7RI)P`;@#=E$`85*J$@&J(B.J(;
$$P@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>b65752a1b6575206.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b65752a1b6575206.gif
M1TE&.#EA(@(8`>8``/S[^N?EXKJWMOWKZ/3S\\!RIHN'AOGX]];3T=>UV'QV
M=,7!O/S:V/>6E_FVM?O'Q_BGIO,_3_+F\L;GMMCOS9",B_`!%_KU].7.Y??P
M\=S9UIJ5D_).5FQF9/:'C+/>G\W*RO5\?6%:6<3#PO$H-_$9*?-I:MW:VOOA
MV[_DK8%[>5Q54W%K:>WLZO-67.SWYJZJJ:&<F^HB)*FEI-G6U+"LJTU%1.GG
MYLC%Q%%+2O5N=+^\N_->8M'.SO$@*9Z:F?#O[J>BH?)(38>!?^#=W-30S[#3
MGOB/E#(K*>*%<NOIZ,N=S>SJZ9>2D69@7G=Q;\U>/YR7ENTP,OO`PZS7EJRH
MI]F_UT$Y.,K(QN/AX/B?G_$_0^AU99..CNGHYZ2?GE=13[6QL/(Q/OO.SOCQ
M]_FOL)[4A/FPKOO3T4=`/^*,AKM_O>P4'-#-R='.RZ#7AN5G6*Z?IZFQ:_`.
M'[^&P-_2VN7SW?J]NN*DD-/)S_1S=/7[\JS+F:;1D)K4?____R'Y!```````
M+``````B`A@!``?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI*6FIZBIJJNLK:ZOL+&RL[2UMK>XN;J[O+V^O\#!JP!Z+@-_&1QS/!>#
M:%L-@@Y;`R%;USJ"!T)"!X(0USP0A4);0GIW@D?&6PZ"%UMW(=DZYB80`'\,
MY==CT^-_MFCYP\,<NGR#QK03I"/$'Q<>_J`18L''&&O7MKCX@\($FSEZCDVY
MQN%(-2'-+G!P.`B`%C%SI%3+]F?:&$$/MD045'"+CC$C,PH41K2HT:.>!HBI
MB.*/$#$/Q/`@I,?"`*4;.9#0HL5=30L6RJBSH,6%A0>$YG!H0%'/'QT^__Z0
MV"+-*H<(?R*PT<+#@A@`8]1R':#%PIQC%AR*$4B1I:`I9`5%X/#'!X\#$4B,
M*8/BCA828K3@*T'"P9TY/BZ4L>`AA`43#%C_:6"5D-D08R`,N"NH\!1!9MD@
M7-S`QUDM'BSHT'(3J?/GT*,3&L"#AP\4%R*'*#%]CHGMQW@3XA%!#-X_1RSH
M"YMVIPZK</\49D"0Q!_>$>+^67TG\$[Y?D64V!]2\30'6H]%EA=EEJ'@PT:$
M3/;-68*@80$$JS6ET1^NE>&#8QQ9$,T@XOGVQP4@L;%3@:O1AP)[TL4HXXR_
MP(7"BV*E5P@$AATAB#)BB'&&1"5H<88%-Z7'@_\8'#0SR!P[/7!6?!F(.$!D
M^.F770.!E2"&"QD4=@8)L2DVU1]C7#@(9#X$J59E4R4'C9,2_F&"!0C]`>5J
M+CSUVP4^S/$7(0Y80!^)@HIAW&^%42>&(&*0P$,)+.%(XZ689@J+C9;J2`@`
MH!USWU9:T)<<!#Q&E)X))=#TY$Z0/1`?@2X<&1Y>^0ER)9>"G>&2>F*X9J8@
M=ZB9(`]<D<#@5`=`P(&"=5;E)`![6L`#"4*(FMZ(@Q2*!B%:<=77;R204$9?
M344ZKB"6:NKNN_!^8B,`(G*H7X24_7@>I*@%*L8`.GHPAY."0'DB11?,ZD$)
M6SQZ'ZYQ`>#:`_X-4IC_?,8-"T`$)1SZ!V0#+0@G(99)EB]D8GWE0(8@$POC
M("_JD6>)%DQA80D^&&<"@5/Y<%Z[\08M]-".V$C0'-N!:#*B$42@@Y0`':F%
MCA9RJZ?/):@YZP%SR/9P7G/D]QJ:J#4]QL4`-$9@"1%T'7*"(4M8L@G%U"NR
M(%LL<^=&&1*8;[$I$^+:%B'P@`+-4X0P!T(F#%Q@83<!3?3DE!,]A189_`%`
M`_<<4D;@91PA>AF>$=Q`?S[*]_9L1S10AJB7#P+!$9GO)U;H1T!PZ``-B'X$
M"FBD/L81:,WNNJ@P'_&M[?*Y4X8..I2!T.<M0:!']/DP0/O'#>2#PA$>$_*`
M_P<\>#``]1+][OH@V@\`@3L7''%3!N!7;O_]^.>O__[\]^___P`,H``'2,`"
M&O"`H7!`SA;(P`8Z\($0C*`$)TC!"EKP@AC,H`8WR,$.>O"#(`RA"$=(PA*:
M\(0HM*#2$,C"%KKPA3",H0QG2,,:VO"&.,RA#G?(PQ[Z\(=`#*(0ATC$(AKQ
MB$A,HA*7R,0F.O&)4(RB%*=(Q2I:\8I8S*(6M\C%+GKQBV`,HQC'2,8RFO&,
M:$RC&M?(QC:Z\8UPC*,<YW@4#8"A"UW(PB"`L((A*(".@,0B#9Y@"!5HX`]=
M<$,@%SE%&H"A`D'(DPT$L8,F#.(`+<BD)C?)R4YZ\O^3H`RE*$=)RE*:\I2H
M3*4J5\G*5KKRE;`L)0$""0!OA.$+@[B"($9@@$$00`/`#*8PATG,8AKSF,A,
MIC*7R<QF.O.9T(RF-*=)S6I:\YK,;`$C_W"`7@IB!=K\0@VV2<XFW@`&.V`!
M"/X@@#^T00%A8$&>RDE/(P+A"TW`P2X%(8`-(*">``VH0`=*T((:]*`(3:A"
M%]I"%.C!!!"%Z)`*T4Z&6K2`:)`!&S:ZT14ZX:(@%6!&.=I10SBA!14000[^
M.0(PK(`(85C!"OZY`96&000=R`<+5F#)D/HT1B,EJ4=OT`'-*6"0@U"`-W)P
M``4`@``?%<`78C""/Q@@`#__S>IS@LK1H0Y!$"P(0P4$H8&Q_D$$&NB"(-0Z
M@@TXH0(_&,(ZM4K7HG"UI(5PP@V^^@<6]."/?R"`"O*1`R"H%9%_:&L7L%#7
MQA:%`5N0@F0E^Y]!/($)AU7!'W[PA"X$H`D*4$$[HR`(TF+A"P3@*5\=R]K6
MNO:UL(VM;&=+V]H2=`\4F(!N=6L'0\RU%CC`ZB%8T(AQVI:N+WB#'Y:[W`F8
MM!)AH`$H#I"/#1A"!(V8Y7&UFESF-O>Y@@A#!_QJ519TH*H"&.]J06"#E[:A
M`QWP`A%4X(0LQ-,`,V"!606!`_AJP`!/>`(`!!`#%G0!`"/(0@>N$`0OP+>=
MV!W$_Q!8,(1QLJ"S?Z@"(@W0@1]L%Z3=]:YS\RJ(`(@``%D@)!((D(6OBN``
M-]#E(&H@707<H`4K*$('@$`#[':AET[0[@U>+`AM&@`$/]!L!69`8\12UZIG
M'408OAH$M6K3"0%P<1L`H-D/6S3$S!TQ(3[Z!QQ4](]@6"M*OTD`!2B`"$T&
MPP]^X(0BD)8&EOP!#/[PA!OP-PR"($`%W#J"'S!V!P9HLEI/,`3.1ED036`L
M`;K`!`-$P08T<'$^#NOEA8+YNR3^`P*^>@!"IAF1`"`D`=)`B"8[51!%\#`-
MK/N#<?99$#0`K`!Z:8!"X[(*&U#T'Q0PRUY&^`\SP.4.NO^P@79V(-./YG2G
M$_II/XAY$$@0@0A`T`'ZXO+4:JV`$YRP`D)P&P%-<$*C8_V'66_6UGX61(!%
M:X,NK*#0(A"W%YKL!!C,0`%/(.ZQ"2`"%JB@"RTU0!J@'6%I3[NU0/`&(E);
M"&UR$PB0(,`L`8#QS1;!XH.XP"R!,,]"A$'#!]#NPU?^!QALH`L]"$48B!")
M%C1A`P90.<MWWH*2QP(`(-^YT(=.=$Z0(0%(3SH&#`$$&`#Z"R>@14\-T0/&
M+L*^13>H!.BPAJYW/0$F=4,;_K`!Z2ZBJ(3H\B>\\(<8^+:JBSA`Q[,^T*U[
M_>N%($`'M+N!09.VFQMHP@%V4('_*`3A"CL81!!LL(,#W-SM53``#J(0@PK4
MH`D&B+H@@-"$)H2A!5&H0#M_T/=U?J$((OC!!000>B"``.Y_Z$$%NO#5'H0>
M`0%HYZ`-$'2Z;]/N=P=[(7Z@`'UN(`H`,,`]9_"'+T1A`RKP\ZD'0=PPJ+4#
M".C`#E*+`R`@00E9F+IH`ZMQ(/3R"C<(0)J)>UBL"N`'KQ^$#9AP@S0K`<$5
M<'>0L4!:WY<3^%XG?(5P`TZ``&7G<3F0#P&P`ANP`(*09@9@`YI%7`:@`O0E
M`'QU:@TG?X-P`D_0`1_E31_%?H)0!2P`!D<&>SD@"%\E`$^P`D=E76IU`X3D
M?^0$@'AW_P@",&C2]0-%P`(TYP8LL`%P-WU@]0?Y)&$/*`@;^(#QE@;4U4LK
M^`<K2()`H%F\%'^"H$L`4%2LU@,JX&XS6(/E1``2ISF')`A/Y64XN`8"&&@K
MP`(B``0'Z(,X1E\W0(2"8`.K]0=@$`->``9#X`1`D(%,N%:#0`,KH`)]YV9_
M5'!.$`1]U7(=0`1@H`(=D(*#(``XE6:"^`0&((9_0(/UE`9PUP*25U19(`+6
M]6$`0`:P&(L$,P@M0`3Y0`#Y<`'Y<``GT`QF&&AZM$=8!0`:,$O:U7$=IW._
M-$M$``2SU`5*$&_:=0*U1`0I5TN$0``MT&4:<(W&&&CT-`1#`/]W8;!G-4`$
M2A`&K6B#LH!+D1`&4=`%@(90(_!^</<#504"ZP0"Z\B._H@)5U!37>9T?[``
MTL6/_YB0F8"/!-`#66```+`"^8"0"EF1E$`$3'``AT0#01",+:!Y%AF2(CF2
M)%F2)GD)`8`$3.!+8*``?7B2I9`!-S*3-%F3-#F+"-548!!O?S`$1?`'^0>3
MI]``)%641LE17J%057!3/#F%_224ID"41SF5&Y64"(4`8R4"/"ECO`25I2"5
M5'F45GE0'9`#(H`$8-!Q8.`-5>".EW0`<!F7<CF7=%F7=GF7>)F7>KF7?-F7
M?OF7@!F8@CF8A%F8A0F685F4$!"8/B?_1UJ96.S4!4#0`6<86`APF9B9F9JY
MF9S9F9[YF:`9FJ(YFJ19FJ9YFJB9FJJYFJS9FFJ0F$>I!J@I7($4!K.4>,BV
M6%Y9"A``FT8)$+OYC[WIFR0%G,')CL-)G!MEG,?I?\FIG*O3G+[G`,K)458C
MG7$D`)&'$`88!`@P:550`979"M19G6QPG=@91S$0C"-@=J/&9\'X"N59G>B9
MGFW$!.F%$"/0!5^PD@HP`R])GN9YGO8I1P>PBLI8`5Z0`SL`!FP'"_.IG/59
MH&P4!#1'"!L0!@ZX`_/X"E,PH)5%H6MT`T$P`Y:T`T1P`L"&`"@5GKW'"@\`
MHB):=#%JGB$Z_Z,K5Z/5>:,X.FTZJIP\VJ-C9)-$6I/(PPIH,*`K)*1C-*#Y
MT@HH``52.J546J53B@=,BD9.^@HOX%U>^J5AEJ5GM*6NT*5@>J:@)J9D1*:M
M8*9H"J;7IJ9AQ*:LX*9OZJ5Q*J=?1*>K8*=W&J9Z*D9\J@I^^J?6%JB":IY/
M6J>&BJ>(&D96&JE5F@1<VJ@B]JA@9*G,]0&5JJF'BJE>Y*E^P*EE*JIY"JI8
M)*JDVJ:FBJI=I*J=JJFGZJI5!*NEZJFS2JM39*NLBJNZJD6\RJB^^JNIZJFK
M*JRR2JS%JJG'VJ>MJJQ6%*S..JS;=`#P^`>T:9'22JC/NDTP8``KV/\$%ZJM
MQAJKEIJK<F1=']4$BA22VYH*A?JGZ!I'06``8)!.XWE)./`#9I>(5:`$*_>N
MJ!"O=SJO<=0#,2``.E<(3#`"H^:`@H`%1T9<#R>PIT"P;VJP;Z0"<\<(-="A
M<XALQM5I%FL*&(NF&NM&/Y`#LQ<%+SH("Z``-J!RK)98^^5E)5L*)WNF*0M0
M!H";?U"SA%>QY7JKR4I.1*!2.=`!V7H(("")\A9U73!V>[0`5GNU6)NU6KNU
M7-NU7ONU8!NV8CNV9%NV9GNV:)NV5RNJ?:"V;KNVGLH'9PN29-0$4`4`&["2
MAU`#3K!3&-=++;"T9/B6AEFXAGNXB)NXBKO_N'JIJHS;EW8@JBG`F&=$6BLP
M:3^)"`$`DMK%8HUY7#E+"CL+I^6$``"P`T]0`0N;D*$["J/[I3T+K4?4NJ+P
MNHY*3F%@ECC5M*Q;M+UZM-LT=21)NZ%@NY?*2"UP`S$0!@%P`TSPN>Q(O*!@
MO("Z2%$@CAT@CEWPLOXHO9]`O6G*2-K5!CQ)KLP*"4!P<G.G`350`RMYNI$`
MOI^Z31XV`Q7P!-P;O;[;"$#`!`0P??W(`E/X"/(;NVO4!000KK]5D=X;6,>V
M`<6HAL?F"`5<3B=0`7JT`/EK@]X+`$,PKC0P`A6`FQ/<"!4LNU3DO3#@88;0
M?R7,"">,PE(DO3O@_P0CH$\+0``T``(*0+4OO`@QS$CC.KS[RP@$<`,W`+#&
M2`-GV+$FW*V,9`!#+)(-W`E!O$@WU;(;[']5S`E7O$A98'4CV<6;\,6`Q(FL
M5@'EJY"TZP`>\,9P',=R_,:I`\-0O$CJ2G8+S,9%G`@>49TR0,%W'$A1``-.
M0`0LX,2]>[Z-\,?*&<A/3*V,=`!!H`"9-\9]C`B.3)R0;,>2O$@'$'D;$)_F
M:ZG-ZL?FV<E`/,B`U`7M%`#X2\69?`B;[)NJK`AF3$?]]P=1$'/N.LN&4,NP
M><N)D,MSQ%G`)@(ST*%\S,B,(,R)2<R(8,QR5&AS-F=0R\#`7`C0');2?/\(
MU"S#242[7"`#YGS.Z)S.YBP%@OS)XMQ$M)L"GOH&[0R\[^Q$\3S/]7RNY;0#
M*L!J,`"PO^S,BR#/FDK/D6S/B]0$`/!1O2S+!*T(!FVI".W)"AU(35`$A*@`
MO/N/^7S0^]RH!JQ&!S`$5P`&_P31INP($]VH%;W*[@Q($,M.4[S(*]T(+6VH
M+XW+K#Q',[`">-0%3T#*S7S3C)#3?[K3Q=S3<J0!*J"/(-#1'KW-A(#4=ZK4
MT\S4<X0`^M@#JSO5$9T(5OVF6`W.6AU'&["RE9RO@G`"8``&)W9)8)`#WC1M
M'TW1(6VH(YU&'E9N49"YA@"7?Z`"8GQD5D6W'W;_URZ=U_):3F&0?/<KU8.P
M`O'IE/U(`&Z0V9J]V9S=V9[]V:`=VJ(]VJ1=VJ9]VJB=VJJ]VJRMV6Q;VD;@
MJ690VE@@JD:@VI(-1@<P`UNF"#@PN%Q9UU<9GUD0!$'P!2W0!E40!&RM"(JM
MTXQ=L.3$>C=P`'Q+U(2@`9-$"&OY!S7@E@=EB;`W"!4``-@%`Q7U",^=U-&=
ML=N$!4-@1U?PV(F@`4YPAGH4!LS-`LT]4"%<""/`?*'(M)&PWE?=WBB[37JH
MNHL``D']D[@Y`[JY4/]-""%K``H@`MB]"`9.U@C.L]OT!4[P!#D08$,@T+%5
MX8*@!):48G\`>@5.U8,P_]9H6M:&$,YNQ&,TL.,T<`+]W5@:H$]%X(!2'%@*
M4`5-`+2.T.$U_N&D>\]/Q.1G:N.%@.-0/D12#J943@A6?N5!E.5?NN6#T.5>
MKC]WP`%HGN9JON9IG@Z-`.9>*N:"0.9ECC_/29S,F0AP[EUR_@=T7N?V<^>^
MF>>(L.?,U>=_#NB4HP%RT.B._NB0[NAIR`B&OER(?M:*GC\4(*H4L.0R+@@T
M/N5.#KN9/D";[JF=_N:?_@>AKN6C?KNE#D"GKJFI3NFKWNIA_NK'&^O_,^N6
M6NL<?NOZG-#\S.N]SNF>'M:(@.MQKNO5:^S\X^N-"NS.+>P@3>PB#>W^(^V&
M2O_M>F[M>(WM>JWM_</M?^KMA0[NBRWNC4WN^V/N=XKNAU#I?G#I,>WNE`/O
M;RKOAD#O]G[1^)[OR*[JRGX(S,[GSAZ^`5\Y^HZF_%X(_I[P\[OP##_PME[P
MAG#PAR[Q>TWQ,M+P9_KPA!#Q["[='E_QJ)[L1EW0PV[1Q7[RDP/R8"KR@T#R
M+I_M,!_S%A_L&%\(&F_I')_S.I_R!+_R$MWR,`WP0N\N,O^E-"\(-I_T+[_T
M\=+T7OKT?Q#U/'WO5(\I5N]=6*_U2\WU74\C7\]<8:_NT%WR[EWV\'+VRY7V
M/5_52+_U2N_V,P+W?B#W1B_6=3_V=X_W,:+W?-^HI[S_['^?U60O^-%!^"IO
M^"R=^&:]^(S_'(Y?])"/TY)_XY@>4`&PL#0@`"AN4)=_\7V/^-=^\^.^4`*`
M!`N,``J`!6AW4"<0![9_^[B?^[>/V-\^]S.^^16G^\*?^WG`4%E0`PL<LE_`
MS`<0`,[__-`?_=(__=1?_=9__=B?_=J__=S?_=[__=9O!7<W_N3O=5:@_:)*
M!=K_`;*M_750_O`?@-^OR'&$_(10LR*<C=BT__P/"!J"@X2%AH>(B8J+C(V.
MC@EKDI.4E9,)CGZ:FYR=FU2.1IZCG&:.>9:IE4N/A$I_L+&RL[2UMK>XN;J[
MO+V^O\#!-2"R:;`[%<'*R\S-_\[/T,\8JM1K&+RDV7X?O"G:HV^\$M6J"='G
MZ.GJZ^S#LBQ9?QLX[/7V]_CIT^26U[O?H[CM\@:04[A=X_A5,I>OH<.'$&^Y
M^V/@CQ<;*IQ$W,BQX[E]"B?YTU6PDT!=!$OZ.:@K84A)##W*G$F3UP$`L`CD
MS(*SIL^?,T&^')E+Y::3N5*69)G+Y<N80*-*G4JUJE5G0D,2Q654$U)<2@LR
MQ>4T)-2K:-.J7<OV85:%6V]UW=:MZ]A;916>;<NWK]^_@&6]Y1?7UMROM\("
MO&LK+[^]@2-+GDR9XV!RA6L=KFN4<2W'Y"!7'DVZM.E@EZMEIK5YH%UQ+R^=
MGDV[MO_M/ZFIK9[5&N5KA+%AWA[N$TB8`+$(C!@1STL8+\2CP\JM:K>LWDE_
MMPR^1K3T[_>>M'#"!!:(&45N''"B9(A.\+:II[(>"SM8[4VY>X?/_QR-BC2$
M81XQ?X!`S!<C]$>;?/U@TQ5BMBCVC6>T@%;-?@IFN`P(&\#R`RPWP%!!#"/0
M\$<--6AH&H.5T`>+?8GA1Y9^*M;XC`9#_(&`@+)LX`86?WRQ@(VCL4B)BW_`
M&*&,>-%(Y)/``/`$`D]D440++2!00PP$/%&$`>5!*9F1(CEH%(2U2*@-A;-8
M2`V&8L89RP%MZ-3"`73&\\<!;KPG)V!D2H*DDFDRV9B3?R;_JFAT@5ICIDIH
MTJ)F-FS*XF8YBV:JZ6R-#OH@9RI5&LNEJ<"YZ:FHIM7IHR5%.LNDI(@*"ZF6
MF)HJ?"CDJNNNO.HZP*U6K?K/IZYU!EMPM@(K'1O,-NOLL\URH"Q5PI)$K&_&
M`H?LM$1"Z^VSTG(;5;5%79M=MMMM*ZZ*W[;+1KCK,@-#%4&\-\(,72#P1PM#
MZ,D+N5R9>Q^Z^:D;KX+N?@OOP<`<P,(?0>P`"Q`%JG#B$R;V`K!<`L=(\(P&
M,PQ?PMXN+'(O1$@,PH>QS""`AQG_RYVG9X*ZU+&Q)7MR:21#:[*B+=Q"@)^_
M:#`D"%'$TH,"L?P0\RX;&];QDA\W_QGRSM'U#.ZF'0A0P0&Q#&'Q!3"$D4S#
M3_PQ`X\$*$`QS+Y$K=G4A59]Z-58#Z>ULS]OM$`%/P`)"P(Y:/`'$`KP.!,"
M$L=`#RP+=`C+`6<#,T,57Q!01!9-5!`Q+`+X"_7,K!;DJBRP@H/S4WE_MW>T
MOAP0Q1>"_]%##%\`$4`4,4@,3!1!=Q$+""J8R,0"*=)4XHG)_W&#Y%BH('Q0
MI`];<[&AKFY6Z\N^_JXO`KS<04\B_+'#%_7*$XSD:<=B0,8W-"\3%D6H_3*(
MDO\!P/0RR<T:W9(RU&<0Q;W;>.][O4C:'X9P`EBD;7=`<((*[O<+EEG,??"3
MGT<0]X<N9/^A!3AYWI[^0("*4"\X-(.4S<2B/;T4D#@'[-LM%&B`!OXA;3?X
M`0Y4$`3^^2(*(V!"$`YP`UB\#T0:]`@(OJ"O(ES@#Q?0EQ*^,`/1=<1_O`'@
MJP18(0*^D#8Q]$48AM0!L/VA?.?;`$X\"`P@P&`&!&B![W`0-!(:;D/ZBL4-
ML/`VFCC``X`,I"`'&<@,C`Z%I0/(Z6*1.D_(Z@^T6L@7#>@]&=JBA&LSWQ\$
M,(,F6"D*].I)3000@R;D$0`&"$+^9F*"`Z+@D+%)8:M6N)@6/F:2M@GC;%BF
MP!X`*0:BE$DKO?=*76#Q.EI$'1?;Y$5<\JR2M+$@+)97@_K19`G_!<BF-K?)
M36T:TIC5L];UL)4];>7,F6"$YFP4V`188*$'$.LC+S(@!!G8\Y[XS*<]3<"+
M2`2'#+`<2B*_L4A8-+(3CXPD)72&3K[HDB,-<"4P8E"$'0B@!44`0@5.8$)?
M9&`+WN-!/[D#4'`B<A?<60(M)V3+T#3T-`_-A1YX0-.:VO2F-.7G+B)*3&"T
M`'U$')(`@D`@CX+T=2+=A3]C4])<'#,6*5WIFEIZH9>J)09@<(*?U@.&=M(B
MIKB0@O=DP`N>OJZ8&_EH2$?ZSX!JA1=1Q=[-S,DZJUYEAW\X@0(IT@:*6/$/
M8+V%6%]'UIU*E"-J12I;F>I6N,`U."J5_RL+Z;H]NUHE"C.`A49@88-C>%46
M<`BM:$=+6M&J@1=<**UJ1\L%7MQAM;"%PZ\X<H$DQ%:U#>"%%9;`V][Z]K>]
M;2HNL@#<XO[VK[8PKG*78*L)?."YT(VN=*$[S^4:%TF6[4@7DI>#6%QAFATE
M81O&2][RFO>\Z$VO>M?+WO:Z][WPC:]\YTO?^MKWOOC-KW[?B]SLKN,+'P+`
MPV`!!IW`X`O^3;""27,"%A`@""EJ8!AB``06F''!&,ZP7Q#@!`2?"!9?Z$!1
M-4SB$IOXQ"A.L8I7S.(6N_C%,(ZQC&=,XQK;^,8X5C$1.N`[`PSA"46LP(\-
M-X0B@Z$77V#:)O\5(+TE-WD$"OAQ,&\!@":P+`Q#4$"*?I#E%,%`!0K(["YP
M8(`F`^$)8B/`F8?0A:&AV0#RI'(,AM`!(FQ2;`D:@0J&<+\J*'D7"RAS,KQ0
M9`4```@^?@(!:%!D"_-"R"P(V@S`#,])*P">0<@R!7,AY"<T\,L3_`.H[T<`
M%;!,%X%^`@R<%^4/(8[-.NK`$,*;BR[0F1AZ5L#+=J`"%0@("+/V88XY`@,6
MI.AO?Z"!`G#TAP!L5D>TOD4+*M"^'``!`..S-K8!(`(3]6L7)PA"10Z0`P"T
MX`D'L(&YTY:&`W2)%^^Y`@'H11$!T-L`X5MU$U:]"YWLX`<'4`$`#E#_/A7H
M!`P'"$`%GJT+`@```$CX`^[^$`4L5*&=,!#`T,[X-%SHI`8"4H":CRQR(!P9
M)P3H;+]/E*,5J'D%?W`Y$&"N-A9$^Y+)?MBR%ZA18AB`""!(8BZ"1@.+K8"(
M%K.!FIGV!#<,NR8_2%$0$`R$*RR@G0>(."P<S8L;*%GE#`3["03P!`'0G!<5
M(4!W_Z#5M6O$&'_H0.PZFR,2"OD8%?C:'[!0=UY$80=%N*`(%G!!%EB3X?W^
MK@KT%8`-#`%(E/,NT73QOFG#(@>6_T-W"8"`+@3!%UT(`P'.YA[2_X$)!AC!
MS6^Q`W;#H@HS4/D.N@`")PS!FKV(P0^R4+X__QB<YA5)0Q=8`,^G>R3J^G-"
M!YQ@#!9T0`3?33;B<^%U6,Q@!4ZP`1&NGWTBA.$)!I@^+DP8!2=D?X'F[^P&
MTN^+;O_ASP90LNI-"((_Z^($1ZZ_9FO0OB<02/RXX`0-A#'.TP4*0"`F%`2?
MUPLCH!%%,#TY\("7]P=9\&5BM@LC@$/38P`WL(%Q!P2JYPM.$`_15P,;$'VJ
M1P!90`0LT'&XT`(BL&B;I0`WT'L5@00:T`(#9GP<@7SZ0P0:D#8`0`2\!PM#
MD$==]V=*$`".MH069@-@`P.U0WFQD`59H&16J&0!$`#VEPL&4`6P4`'Q,`(_
M((9J\P-1$`\"(&RW</\"6D6!2@8&`2!XR,%VO4`Y8+A`"=(#55`!+Y,%'Q(&
M%\0+6*!H^E-W:0``B!@+``!WND`#3U"'[5,^D^B&=)8#_34+!R!BG`4V&X`%
M(D`Q,]`\,^!ANL`$*X`<!'!DOO<'*F<QT5<!=L:#&^&#;@`"3V!G/>`&"N!T
M6;"#20@+-(``299LQ,@T*R``19"+O6!"18``!O`A;0"-'](#G?=9N5`%8&`@
M!(`#'8``W>:-"-""5$(E4W@+7B`"1-5`0[`#"Y`V!A`&WA@+`%@+/^`$!G(`
M`J``')8%.#`E&#,"*X`%(%!'N:`$*S`#(#"`.Q`&3->03#,"")!I_68#"MGH
M0"+0D'*7D6$P/C=P`X)X8>,W!""`:17W,%X#`@[&!#V``RQ0A[E``$X0`PMY
M0R-0!3G"8X(8=P+@DK3($2"0,7LVBV*3,2WY"P3@.S"0.+"PE(IC@$/"@""F
M`(_3!%0)"S&@`+ZS"S5@`%Z)'/]8?#AP:<>@`.=X"UG@E0:0(B5D`&!#.>X1
M"XJC"U6@EN61@7VU=UKY!_-W1(^HEBD2``8P/8*Y@4^0AZ>HEF!X``9P-HQ9
M.128(+O0!5XY/4%0/$VI`O#D=0S$"ZCGE8LY!!N@$ZA4`4&#2D,PBS^YFJS9
)FJ[YFI(1"``[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
