ECO Smart Tankless Water Heaters Owner's manual

ECO
Brand
ECO
Model
Smart Tankless Water Heaters
Type
Owner's manual

ECO Smart Tankless Water Heaters offer endless hot water for multiple applications, including showers, sinks, and dishwashers. With an advanced flow sensor and temperature control system, they deliver consistent hot water at a user-selectable temperature between 80°F and 140°F. These units are compact and wall-mountable, saving space and blending seamlessly into any décor. ECO Smart Tankless Water Heaters are energy-efficient and can significantly reduce your water heating costs. They are easy to install and require minimal maintenance, providing years of reliable hot water.

ECO Smart Tankless Water Heaters offer endless hot water for multiple applications, including showers, sinks, and dishwashers. With an advanced flow sensor and temperature control system, they deliver consistent hot water at a user-selectable temperature between 80°F and 140°F. These units are compact and wall-mountable, saving space and blending seamlessly into any décor. ECO Smart Tankless Water Heaters are energy-efficient and can significantly reduce your water heating costs. They are easy to install and require minimal maintenance, providing years of reliable hot water.

!
!
!
!
!
!
!
!"#$%&&%$!'" (!"#$)*+$!'"#(,(-'./('0"/) #(.%" *%&(
!
!
/+'(1(2(/+'(33(2(/+'(31(2(/+'(45(2(/+'(46(2(/+'(78(
!
!
!.9')$%"$ (#% : /$ ; (!" :').%$!'" (
"#$%!&%'()**&%+!,-!.'&%+!)%/!#&+#!0,*()+$!$*$1(-&1)*!)22*&)%1$3!4)'&1!')5$(/!2-$1).(&,%'!'#,.*6!)*7)/'!4$!
5,**,7$68!9%6$-!%,!1&-1.:'()%1$!'#,.*6!/,.!)(($:2(!(,!1*$)%3!&%'()**3!&%'2$1(3!-$2)&-3!6&')''$:4*$!,-!
,(#$-7&'$!'$-0&1$!(#&'!7)($-!#$)($-3!7&(#,.(!5&-'(!'#.((&%+!,55!<==!2,7$-!(,!(#$!.%&(!6&-$1(*/!)(!(#$!1&-1.&(!
4-$);$-!4,<8!#/)!'*#(>'?!&;(!"@*);(')(?/%$-(+'*&? ('++*)(!:(;'*(!A"')/($-!#(0%)"!"AB(
$-!#(9)'?*+$(#-'*&?(>/(!"#$%&&/?(>;(%(C*%&!:!/?(/&/+$)!+!%"(%"?(%(C*%&!:!/?(9&*.>/)(!"(
%++')?%"+/(0!$-(%&&("%$!'"%&D(#$%$/D(9)'E!"+!%&(%"?(&'+%&(/&/+$)!+%&(,(9&*.>!"A(+'?/#B(
9&/%#/()/%?($-/#/(!"#$)*+$!'"#($-')'*A-&;(%"?(+'.9&/$/&;(9)!')($'(!"#$%&&%$!'"(,(*#/B(
:%!&*)/($'(?'(#'(+'*&?(+%*#/(9)' 9/)$;(?% .% A/D(#/)!'*#(!"@*);D(')(?/%$-B((
(
$FGH(I<JK<=(HFLK=M(NO(PGQOJ(RL(RFO(FLIOLSJOT(<UROT(GJHR<==<RGLJ(<JM(HFLK=M(NO(TO R<GJOM(ULT(UKRKTO(TOUOTO JVO B(
!
!
=$'($6!)%6!1$-(&5&$6!4/!(#$!")($-!>.)*&(/!?'',1&)(&,%!)+)&%'(!@ABC?@AD!EFG!5,-!*$)6!5-$$!
1,:2*&)%1$8!
!
!.9')$%"$(#%:/$;(!":').%$!'"(
HI?J!?KK!D@A=H9L=DM@A!NIBMHI!9AD@O!
!
!
!
?%"A/)W((
0%$/)($/.9/)%$*)/(#%:/$;(#/$$!"A(
A)5$(/!)%6!$%$-+/!1,%'$-0)(&,%!)-$!5)1(,-'!(,!4$!1,%'&6$-$6!7#$%!'$*$1(&%+!(#$!
7)($-!($:2$-)(.-$!'$((&%+!,5!7)($-!#$)($-P'!(#$-:,'()(8!")($-!($:2$-)(.-$'!
)4,0$!(#$!QGRSB!1)%!1).'$!'$0$-$!4.-%'!,-!6$)(#!5-,:!'1)*6&%+8!N$!'.-$!(,!-$)6!
)%6!5,**,7!(#$!7)-%&%+'!,.(*&%$6!,%!(#$!*)4$*!2&1(.-$6!4$*,78!=#&'!*)4$*!&'!)*',!
*,1)($6!, % !(# $!7)($-!#$)($ -!% $ )- !(# $!(# $ -:,'()(!)11 $' '!2 ) % $*8!
!
@,(&1$T!U&<&%+!0)*0$'!)-$!-$1,::$%6$6!5,-!-$6.1&%+!
2,&%(!,5!.'$!7)($-!($:2$-)(.-$!4/!:&<&%+!#,(!)%6!1,*6!
7)($-!&%!4-)%1#!7)($-!*&%$'8!D(!&'!-$1,::$%6$6!(#)(!)!
:&<&%+!0)*0$!1,:2*/&%+!7&(#!(#$!A()%6)-6!5,-!
=$:2$-)(.-$!?1(.)($6!U&<&%+!V)*0$'!5,-!W,(!")($-!
J&'(-&4.(&,%!A/'($:'3!?AAI!QXQF!4$!&%'()**$68!
!
=#$!1#)-(!'#,7%!)4,0$!:)/!4$!.'$6!)'!)!+.&6$!&%!
6$($-:&%&%+!(#$!2-,2$-!7)($-!($:2$-)(.-$!5,-!/,.-!
#,:$8!!!
!
?%"A/)X!W,.'$#,*6'!7&(#!':)**!1#&*6-$%3!
6&')4*$63!,-!$*6$-*/!2$-',%'!:)/!-$Y.&-$!)!QGXSB!,-!*,7$-!
(#$-:,'()(!'$((&%+!(,!2-$ 0$% (!1,% ()1(!7 &(#!ZW M =[!7 )($ -8!
=#$!($:2$-)(.-$!,5!(#$!7)($-!&%!(#$!#$)($-!&'!-$+.*)($6!
4/!(#$!$*$1(-,%&1!1,%(-,*!,%!(#$!5-,%(!,5!(#$!7)($-!
#$)($-8!=,!1,:2*/!7&(#!')5$(/!-$+.*)(&,%'3!(#$!
(#$-:,'()(!7)'!'$ (!)(!QGX SB!4$5,-$!(#$!7)($-!#$)($-!7)'!
'#&22$6!5-,:!(#$!5)1(,-/8!
!
\*$)'$!1,%'.*(!A$1(&,%!QX!
(,!*$)-%!:,-$!)4,. (!'$((&%+!
/,.-!#$)($-'!($:2$-)(.-$8!
H,()($!-&+#(!5,-!#&+#$-!
($:2$-)(.-$!].2!(, !Q^X B_!
,-!-,()($!*$5(!5,-!1,,*$-!
($:2$-)(.-$!])'!*,7 !)'!
`XB_!7&**!4$!6&'2*)/$6!,%!
(#$!'1-$$%!)4,0$!(#$!;% ,4 8 !
!
!
(%>'*$(;'*)($%"Y&/##(0%$/)(-/%$/)(
L,%+-)(.*)(&,%'!,%!(#$!2.-1#)'$!,5!/,.-!I*$1(-&1!=)%;*$''!")($-!W$)($-a!b,.!#)0$!2.-1#)'$6!(#$!:,'(!
($1#%,*,+&1)**/c)60)%1$6!$*$1(-&1!()%;*$''!7)($-!#$)($-!,%!(#$!:)-;$(!(,6)/8!!
b,.-!%$7!$*$1(-&1!()%;*$''!7)($-!#$)($-!5$)(.-$'!)60)%1$6!7)($-!5*,7!-)($!)%6!($:2$-)(.-$!'$%',-'!6$'&+%$6!(,!
:,6.*)($!2,7$-!(,!(#$!#$)(&%+!$*$:$%('!(,!:)&%()&%!)!2-$1&'$!.'$-c'$*$1($6!,.(2.(!7)($-!($:2$-)(.-$!
4$(7$$%!`XSB!)%6!Q^XSB!]'.4d$1(!(,!&%1,:&%+!7)($-!($:2$-)(.-$!)%6!2,7$-!,5!(#$!'$*$1($6!:,6$*_8!
=,!+$(!(#$!4$'(!2$-5,-:)%1$!)%6!$%$-+/!')0&%+'!5-,:!/,.-!$*$1(-&1!()%;*$''!7)($-!#$)($-3!&(!&'!&:2,-()%(!(#)(!&(!
4$!&%'()**$6!&%!)11,-6)%1$!7&(#!,.-!&%'(-.1(&,%'!)%6!(#$!$*$1(-&1)*!)%6!2*.:4&%+!1,6$'!)22*&1)4*$!(,!/,.-!)-$)3!
)%6!(#)(!/,.!-$)6!(#&'!:)%.)*!(#,-,.+#*/!5,-!&:2,-()%(!,2$-)(&%+!&%'(-.1(&,%'!)%6!(&2'8!
D5!/,.!#)0$!Y .$ '(&,% '!)(!)%/!(&:$3!2*$)'$!1,%()1(!.'!6&-$1(*/!)(T!
!
/VL#I<TR(ATOOJ(/JOTPZ(9TLMKVRH(
5[[(+<\R<GJ("OQG==O(?TGQOD(0<ROTNKTZD(+$([86[](
$L==(:TOOX(3^166^565^8567(
(#K\\LTR_/VL#I <TR*#BVLI(
!
(+'"$/"$#(
Q8 NIBMHI!D@A=?KK?=DM@!
G8 AIKIL=D@O!?!KML?=DM@!=M!D@A=?KK!
E8 UM9@=D@O!bM9H!"?=IH!WI?=IH!
^8 \K9UND@O!D@A=?KK?=DM@!
R8 IKIL=HDL?K!D@A=?KK?=DM@!
e8 ADfD@O!O9DJI!
F8 OI@IH?K!M\IH?=D@O!D@A=H9L=DM@A!
`8 U?D@=I@?@LI!
g8 =HM9NKI!AWMM=D@O!O9DJI!
QX8 9AIH!D@=IHB?LI!
!
(3^(>/:')/(!"#$%&&%$!'"(
9&/%#/()/%?($-/#/(!"#$)*+$!'"#($-')'*A-&;(%"?(+'.9&/$/&;(9)!')($'(!"#$%&&%$!'"(,(*#/B(
:%!&*)/($'(:'&&'0(!"#$)*+$!'"#(+'* &?(+%*#/(9)' 9/)$;(?% .% A/D(#/ ) !'*#(9/)#'"% & (!" @*);D(') (
?/%$-B((
N/!&%'()**&%+!(#&'!2-,6.1(3!/,.!)1;%,7*$6+$!(#$!($-:'!,5!(#$!:)%.5)1(.-$-P'!7)--)%(/8!M%1$!(#$!#$)($-!&'!
&%'()**$63!6, !% , (!-$ (. -% !2 -, 6 . 1(!(, !(# $ !2 *)1 $ !,5 !2. -1 # ) '$ 8!D5!/, . !# )0 $ !)% / !Y. $ '( &,% ' !-$+ ) -6 &% +!(# $ !7 ) --) % (/ !,- !
2-,6.1(!-$(.-%!2,*&1&$'3!2*$)'$!1,%()1(!I1,A:)-(!)(!Qc`FFc^F^ce^FE8!
D%'2$1(!) **!1, :2,%$ % ('8 != # $!1 , % ($ % (' !, 5!/, . - !4 ,< !' # ,. *6 !&% 1 *. 6 $ !,% $ !, 5!( # $!5 ,**, 7&%+!.%&( 'T!
• ILM!`!
• ILM!QQ!
• ILM!Q`!
• ILM!G^!
• ILM!GF!
• ILM!Ee!
! !
!
(4^(#/&/+$!"A(%(&'+%$!'"($'(!"#$%&&(
=#&'!2-,6.1(!&'!6$'&+%$6!(,!4$!&%'()**$6!&%6,,-'!,%*/8!b,.!:)/!&%'()**!/,.-!.%&(!&%!)%!,.(6,,-!*,1)(&,%!',!*,%+!)'!
&(!&'!:,.% ($ 6!&% !) !'. &() 4 *$!$ % 1*, ' . -$!(# ) (!2 -, ($ 1 ('!&(!5-, :!-)&%3!'2*)'# $ 6 !7 ) ($ -3!6 &-$ 1(!'. % *&+ # (3!6$ 4 -&' 3!)% 6 !
&%'$1('8!!
JM!@M=!&%'()**!(#&'!2-,6.1(!&%!)!*,1)(&,%!7#$-$!&(!:)/!4$!'.4d$1($6!(,!5-$$h&%+ !($: 2$ -)(. -$'8!D5!(#$!7 )($-!&% '&6$!
/,.-!()%;*$''!7)($-!#$)($-!5-$$h$'3!&(!1)%!1).'$!'$0$-$!)%6!2$-:)%$%(!6):)+$!(#)(!&'!%,(!1,0$-$6!.%6$-!/,.-!
7)--)%(/8!
JM!@M=!*,1)($!(#$!7)($-!#$)($-!&%!)!*,1)(&,%!(#)(!&'!6&55&1.*(!(,!)11$''8!!
U);$!'.-$!(#)(!(#$!7)($-!#$)($-!)%6!#,(!7)($-!,.(*$(!2&2$!)-$!,.(!,5!-$)1#!,5!1#&*6-$%!',!(#$/!)-$!.%)4*$!(,!
():2$-!7&(# !(#$!($: 2 $-) (.-$ !1,% (-,*'!,-!&% d.-$!(# $: '$ *0$'!4/ !(,. 1#&% +!(#$ !#, (!7) ($-!,. (*$(!2&2 $8!=# $!,. (*$(!
7)($-!2&2$!1)%!+$(!0$-/!#,(8!
=#&'!2-,6.1(!6,$'!@M=!-$Y.&-$!0$%(&%+8!
?0,&6!&%'()**&%+!/,.-!()%;*$''!7)($-!#$)($-!&%!)!*,1)(&,%!2-,%$!(,!$<1$''&0$!#.:&6&(/3!:,&'(.-$3!,-!6.'(3!,-!&%!)%!
)-$)!7#$-$!&(!:)/!4$!'2*)'#$6!7&(#!7)($-!,-!,(#$-!*&Y.&6'8!JM!@M=!&%'()**!.%6$-!7)($-!2&2$'!,-!)&-!1,%6&(&,%&%+!
*&%$'!(#)(!: &+ # (!*$ ); !, -!1, % 6 $ %' $ !: , &'(. - $!(# ) (!1, . *6 !(# $ % !6- &2 !,% (, !(# $ !# $) ($ -8!J M!@M=!&%' ()**!) 4 , 0$ !$ *$1 (-&1 ) *!
4,<$'!,-!d.%1(&,%'8!
+%*$!'"X($FO(S<ROT(FO<ROT(HFLK=M(JLR(NO(=LV<ROM(GJ(<J(<TO<(SFOTO(=O<`<PO(SG==(TOHK=R(GJ(M<I<PO(RL(RFO(<TO<(
<Ma<VOJR(RL(GR(LT(RL(=LSOT(U=LLTH(LU(RFO(HRTKVRKTOB(0FOTO(HKVF(<TO<H(V<JJLR(NO(<QLGMOMD(GR(GH(TOVLIIOJMOM(RF<R(
<(HKGR<N=O(V<RVF(\<JD(<MObK<RO=Z(MT<GJOMD(NO(GJHR<==OM(KJMOT(RFO(S<ROT(FO<ROTB((
!
!
(7^(.'*"$!"A(;'*)(0%$/)(-/%$/)(
b,.-!()%;*$''!7)($-!#$)($-!'#,.*6!4$!'$1.-$6!(,!(#$!:,.%(&%+!'.-5)1$!7&(#!^!'1-$7'!]:&%&:.:!Qc&% 1 # !*,% + _!
.'&%+!(#$!4.&*(c&%!:,.% (&% +!4 -) 1 ;$ ('!, % !$ )1 # !'&6 $ !,5 !(#$ !# $ )( $-8!U);$!'.-$ !(# ) (!(# $ !: , . % (&% +!' .- 5) 1$ !&'!', *&6 !
)%6!'$1.-$3!)%6!$%'.-$!(#)(!(#$!.%&(!&'!*$0$*!2-&,-!(,!'$1.-&%+!(#$!'1-$7'8!B,-!$)'$!,5!&%'()**)(&,%!)%6!'$-0&1&%+3!
7$!-$1,::$%6!(#)(!(#&'!2-,6.1(!4$!&%'()**$6!&%!)%!.2-&+#(!2,'&(&,%!7&(#!(#$!&%*$(!)%6!,.(*$(!7)($-!1,%%$1(&,%'!
)(!(#$!4,((,:!,5!(#$!.%&(!5,-!(#$!ILM!Q`3!ILM!G^3!ILM!GF3!)%6!ILM!Ee3!)%6!7&(#!(#$!&%*$(!)%6!,.(*$(!7)($-!
1,%%$1(&,%'!,%!(#$!*$5(!)%6!-&+#(!'&6$'!,5!(#$!.%&(!5,-!(#$!ILM!`!)%6!ILM!QQ8!!
)OVLIIOJMOM(+=O<T<JVOHX! QG!&%1#$'!)4,0$!)%6!4$*,7!(#$!#$)($-!
e!&%1#$'!&%!5-,%(!,5!)%6!(,!(#$!'&6$'!,5!(#$!#$)($-!
+%*$!'"X(+LINKHRGN=O(I<ROTG<=H(HFLK=M(NO(`O\R(<R(=O<HR(45(GJVFOH(<S<Z(UTLI(ZLKT(S<ROT(FO<ROT(<JM(RFO(FLR(
S<ROT(LKR=OR(\G\OB(
! !
!
(5^(9&*.>!"A(!"#$%&&%$!'"(
\*$)'$!5,**,7!)**!2*.:4&%+!&%'(-.1(&,%'!1)-$5.**/8!"$!-$1,::$%6!(#)(!(#&'!2-,6.1(!4$!&%'()**$6!4/!)!*&1$%'$6!)%6!
Y.)*&5&$6!2*.:4$-!&%!)11,-6)%1$!7&(#!)**!)22*&1)4*$!%)(&,%)*3!'()($3!2-,0&%1&)*3!)%6!*,1)*!2*.:4&%+!1,6$'8!
!JHR<==<RGLJ (!J H RTK V RGL J H(
#$/9(3X!L,%%$1(!(#$!WM=!"?=IH!*&%$!(,!(#$!7)($-!#$)($-!M9=KI=!*,1)($6!,%!(#$!*$5(!'&6$!,5!(#$!#$)($-!7#$%!
5)1&%+!.%&(8!L,%% $ 1(!(#$ !LM KJ !" ? =IH !*&%$!(,!(#$!7)($-!#$)($-!:)-;$6!D@KI=!,%!(#$!-&+#(!'&6$!7#$%!5)1&%+!.%&(8!
#$/9(4X!?5($-!(&+#($%&%+!4,(#!5&((&%+'!)(!(#$!7)($-!#$)($-3!,2$%!'$0$-)*!#,(!7)($-!5).1$('!)%6!)**,7!7)($-!(,!-.%!
(#,.+#!(#$!7 )($ -!#$) ($-!5,-!)(!*$) '(!G!(,!E!: &% .($ '8!=#&'!2 -,1$ ''!2.-+$'!)**!(#$!)&-!5-,:!(#$!7)($-!*&%$'!)%6!
U9A=!4$!2$-5,-:$6!2-&,-!(,!(.-%&%+!,%!(#$!2,7$-!)(!(#$!.%&(8!B?DK9HI!=M!BMKKM"!=WDA!A=I\!L?@!L?9AI!
\IHU?@I@=!J?U?OI!=M!=WI!WI?=D@O!IKIUI@=A8!D5!)%/!:)&%($%)%1$!&'!2$-5,-:$6!,%!(#$!7)($-!#$)($-!,-!(#$!
#,:$P'!2*.:4&%+!'/'($:!(#)(!:)/!&%(-,6.1$!)&-!&%(,!(#$!2*.:4&%+!2&2$'3!&(!&'!&:2,-()%(!(,!(.-%!(#$!2,7$-!,55!(,!
(#$!7)($-!#$)($ -!)%6 !2. -+$!(# $!)&-!,. (!,5!(#$ !*&%$'!4$ 5,-$ !)**,7 &% +!(#$!. %&(!(,!2 ,7 $ -!.2 8!
#$/9(7X!L)-$5.**/!&%'2$1(!)**!1,%%$1(&,%'3!.%&,%'3!)%6!(#$!2-$''.-$!-$*&$5!0)*0$!]&5!&%'()**$6_!5,-!*$);'8!
!.9')$%"$ (" '$/#X(
Q8 J,!%,(!',*6$-!)%/!2&2$'!7&(#!.%&(!1,%%$1($6!(,!2&2$'!i!#$)(!5-,:!',*6$-&%+!:)/!6):)+$!(#$!5*,7!
'$%',-8!J,&%+!',!7&**!0,&6!(#$!7)--)%(/8!
!
G8 =#&'!).(,:)(&1!()%;*$''!7)($-!#$)($-!&'!$Y. &2 2$6 !7 &(#!4, (# !1,: 2 .($ -c1, %(-,**$6!)%6!$*$1(-,c
:$1#)%&1)*!).(,!-$'$((&%+!(#$-:,'()(!'7&(1#$'!5,-!#&+#c*&:&($ 6 !($:2$-)(. -$ !2-, ( $1 (&, % 8!A&% 1 $ !(#&' !
2-,6.1(!6,$'!%,(!.'$!)!'(,-)+$!()%;3!(#$!.'$!,5!)!($:2$-)(.-$!2-$''.-$!-$*&$5!0)*0$!]=j\_!&'!%,(!-$Y.&-$6!
5,-!:,'(!&%'()**)(&,% '8!9 K!A()% 6 )-6 !^gg !6, $'!@ M =!-$Y . &-$!(#) (!)!2-$ ''. -$!-$*&$5!0) *0$!4 $!.' $6 8!W, 7 $0$ -3!
)!=j\!0)*0$!:)/!4$!-$Y.&-$6!(,!:$$(!&%'()**)(&,%!1,6$'!&%!/,.-!)-$)8!D5!,%$!&'!-$Y.&-$63!&%'()**!(#$!
2-$''.-$!-$*&$5!0)*0$!&%!) 11 , -6 ) %1 $ !7 &(# !*, 1) *!1, 6 $ '!) % 6 !$% ' .- $!(# ) (!&(!, 2 $ -)( $' !1, --$ 1 (*/!) % 6 !(# )( !)&-!&'!
2.-+$6!5-,:!(#$!0)*0$!2-&,-!(,!&%'()**&%+!(#$!7)($-!#$)($-8!"#$%!1,%%$1(&%+!(,!B*$<!,-!W&+#!
=$:2$-)(.-$!L\VL!2&2$3!7$!-$1,::$%6!(#)(!)!=j\!0)*0$!4$!.'$6!5,-!)66$6!')5$(/8!
9=O<HO(JLROX(!JHR<==<RGLJH(GJ(RFO(+LIILJSO<=RF(LU(.<HH<VFKHORRH(<JM(#R<RO(LU(YOJRKV`Z(TObKGTO(<(
\TOHHKTO(TO=GOU(Q<=QOB(9=O<HO(VFOV`(ZLKT(=LV<=(GJHR<==<RGLJ(VLMOH(ULT(<JZ(H\OVG<=(TObKGTOIOJRHB(
!
E8 =#$!:)<&:.:!,2$-)(&%+!7)($-!2-$''.-$!&'!QRX!\AD8!D5!(#$!7)($-!2-$''.-$!&'!#&+#$-3!)!2-$''.-$!-$6.1&%+!
0)*0$!:.'(!4$!&%'()**$6!,%!(#$!:)&%!&%1,:&%+!7)($-!'.22*/!*&%$!2-&,-!(,!&%'()**&%+!(#$!$*$1(-&1!()%;*$''!
7)($-!#$)($-8!
!
^8 B*$<&4*$!7)($-!#$)($-!#,'$'!)-$!-$1,::$%6$6!(,!4$!.'$6!7&(#!/,.-!7)($-!#$)($-!)'!2)-(!,5!(#$!
&%'()**)(&,% 8!"#$%!1, % %$ 1 (&% +!(# $ !&% *$( !7 ) ($ -!2&2 $ !(, !(# $ !.% &(3!:);$!'.-$ !(, !.' $!) !7 -$ % 1 #!(, !# , *6 !(# $ !
.%&(P'!1,%%$1(&,%3!)%6!)%,(#$-!7-$%1#!(,!(&+#($%3!',!(#)(!(#$!5*,7!'$% ',-!, %!(# $!.% &(!7&**!%,(!4$!
*,,'$%$ 6 !,-!6 ) :)+$68!A$ -&, . '!&% ($ -% ) *!6) :)+$!(,!(#$!7)($-!#$)($-!1)%!,11.-!&5!(#$!&%*$(!,-!,.(*$(!
1,%%$1(&,%'!)-$!,0$-!(&+#($%$6!,-!&5!',*6$-!1,%%$1(&, % '!7$ -$!: ) 6$ 8!
!
R8 "$!-$1,::$%6!(#)(!)!:)%.)*!'#.(c,55!0)*0$!]4)**!0)*0$_!&'!&%'() **$ 6!, % !(# $ !&%*$ (!) % 6 !,. ( *$(!, 5!(# $ !7 ) ($ -!
#$)($-!',!(#)(!(#$-$!&'!)!1,%0$%&$%(!'# .(c,55!2,&%(!)0)&*)4*$!&%!(#$!$0$%(!(#)(!5.(.-$!:)&%($%)%1$!,-!
'$-0&1&%+!&'!-$Y.&-$68!D(!&'!$<(-$:$*/!&:2,-() %(!(, !5*.'# !(#$!*&%$' !(,!$*&: &%) ($!)**!2*. : 4&% +!2) '($!,-!
-$'&6.$!&%!(#$!*&%$'!1) . '$6 !4/!)% /!7 $ *6&%+ !,-!',*6 $-&% +!4$5,-$!1,%%$1(&%+!2&2$'!(,!(#$!7)($-!#$)($-8!!
!
"$!-$1,::$%6!(#)(!)**!(#$!7)($-!2&2$'!,-!#,'$'!7&(#&%!E!5$$(!,5!(#$!&%*$(!)%6!,.(*$(!1,%%$1(&,%'!4$!-)($6!5,-!
#&+#!($:2$-)(.-$!)22*&1)(&,%'!7&(#!)!QRXSB!:&%&:.:8!!
! !
!
(]^(/&/+$)!+%&(!"#$%&&%$!'"(
I1,A:)-(!-$1,:: $%6'!(#)(!(#&'!2-,6.1(!4$!&%'()**$6!4/!)!*&1$%'$6!)%6!Y.)*&5&$6!$*$1(-&1&)%!&%!)11,-6)%1$!7&(#!
)**!)22*&1)4*$!%)(&,%)*3!'()($3!2-,0&%1&)*3!)%6!*,1)*!$*$1(-&1)*!1,6$'8!?'!7&(#!)**!$*$1(-&1)*!)22*&)%1$'3!.%6$-!%,!
1&-1.:'()%1$'!'#,.*6!/,.!)(($:2(!(,!&%'()**3!-$2)&-!,-!6&')''$: 4 *$!(#&'!7 )($ -!#$ )($-!7 &(# ,. (!5&-'(!'#. ((&%+!, 55!)**!
2,7$-!(,!(#$!.%&(!6&-$1(*/!)(!(#$!5.'$!,-!4-$);$-!4,<8!.<`O(HKTO(RL(HFKR(LUU(<==(NTO<`OTHB(#/)!'*#(>'?!&;(
!"@*); (' ) (?/%$- (+ ' *&?('+ + * ) (!: (; ' * (!A"')/ ($ - !# (0%)" !" A B(
?**!7&-&%+!]7&-$!+).+$_!)%6!1&-1.&(!2-,($1(&,%!]4-$);$-'_!:.'(!1,:2*/!7&(#!(#$!98A8!@)(&,%)*!I*$1(-&1)*!L,6$!]@IL_!
&%!(#$!9A?3!,-!(# $ !L ) % ) 6 &) % !I * $1 (- &1 )* !L , 6 $ !] L I L _!& % !L ) % ) 6 ) 8!B ) &*.-$!(,!6, !' , !1 , . *6!-$'.*(!&% !2 - , 2 $ -( / !6 ) :)+$!
)%6C,-!2$-',%)*!&%d.-/3!)%6!0,&6!/,.-!7)--)%(/8!@,($T!=#$!L)%)6&)%!I*$1(-&1)*!L,6$!+$%$-)**/!-$Y.&-$'!(#)(!)**!
'.22*/!7&-$'!)%6!1,--$'2,%6&%+ !1&-1.&(!2-,($1(&,%!.'$6!5,-!6,: $'(&1!#,(!7)($-!#$)(&%+ !)%6!#/6 -,%&1!#$)(&%+!
)22*&1)(&,%'!4$!'&h$6!(,!)!:&%&:.:!,5!QGRk!,5!(#$!:)<&:.:!1.--$%(!-)(&%+!,5!(#$!#$)($-!]'$$!:,6$*!
'2$1&5&1)(&,%'!4$*,7!5,-!6$()&*'_8!
N$5,-$!&%'()**&%+!(#&'!2-,6.1(3!$%'.-$!(#)(!(#$!#,:$!#)'!'.55&1&$%(!$*$1(-&1)*!2,7$-!)0)&*)4*$!(,!#)%6*$!(#$!
:)<&:.:!):2$-)+$!*,)6!,5!(#$!)22*&1)4*$!:,6$*8!
!.9')$%"$ (" '$/#X(
U,6$*!ILM!`!)%6!ILM!QQ!-$Y.&-$!Q!'$(!,5!7 &-$!)%6!+-,.%6!cHOO(SGTGJP(MG<P T<Id!
U,6$*!ILM!Q`!-$Y.&-$'!G!'$('!,5!7&-$!)%6!+-,.%6!cHOO(SGTGJP(MG<P T< I d!
U,6$*!ILM!G^!)%6!ILM!GF!-$Y.&-$!E!'$('!,5!7&-$!)%6!+-,.%6!cHOO(SGTGJP(MG<P T<Id!
U,6$*!ILM!Ee!-$Y.&-$'!^!'$('!,5!7&-$!)%6!+-,.%6(cHOO(SGTGJP (MG< PT< Id(
9=O<HO(HOO(O=OVRTGV<=(H\OVGUGV<RGLJH(NZ(ILMO=(<JM(SGTGJP(MG<PT<I(LJ(RFO(JOeR(\<PO(ULT(<MMGRGLJ<=(O=OVRTGV<=(
GJULTI < RGL J B(
/<VF(HOR(LU(SGTOH(IKHR(NO(VLJJOVROM(RL(GRH(LSJ(GJMGQGMK<=(MLKN=O(\L=O(NTO<`OTB(
!
!JHR<==<RGLJ (!J H RTK V RGL J H(
#$/9(3X!=);$!$)1#!7&-$!2)&-!)%6!1,%%$1(!(#$:!(,!,%$!4-$);$-!]'$$!7&-&%+!6&)+-):_8!U);$!'.-$!(#)(!$)1#!4-$);$-!
&'!1,%%$1 ($ 6 !7 &(# !, % $!4 *) 1; !7 &-$ !) % 6!, % $ !-$ 6!7&-$!
#$/9(4X!9'&%+!)!'.&()4*$!7&-$!+).+$!(#)(!:$$('!)**!)22*&1)4*$!$*$1(-&1)*!1,6$'!5,-!(#$!'&h$!,5!(#$!4-$);$-'!.'$63!
-.%!(#$!1,--$1(!'$(' !,5!7 &-$!5-,: !(# $!#, : $ P'!:) &%!4 -$); $-!2 )% $*!(,!(#$ !()% ;*$'' !7) ($-!#$ )($ -8!!!
#$/9(7X!?!'$2)-)($!+-,.%6!1,%6.1(,-!5,-!$)1#!&%1,:&%+!1&-1.&(!&'!-$Y.&-$68!
#$/9(5X!JM9NKI!LWILl!(#$!$*$1(-&1)*!1,%%$1(&,%'!(,!:);$!'.-$!(#$/!)-$!1,--$1(!)%6!(#)(!)**!7&-$!1,%%$1(&,%'!
)-$!(&+#(!)%6!'$1.-$8!?*',!1,%5&-:!(#)(!(#$!1,--$1(!4-$);$-!'&h$!)%6!7&-$!+).+$!#)'!4$$%!.'$6!)%6!1,%5&-:!(#)(!
(#$!.%&(!#)'!4$$% !1,% % $1($6 !(,!)!+-, .% 6 !&%!)11, -6) %1 $!7 &(#!)2 2*&1) 4*$!1, 6$ '8!
#$/9(]X!L,%5&-:!(#)(!)**!(#$!)&-!#)'!4$$%!2.-+$6!5-,:!(#$!7)($-!*&%$'!2-&,-!(,!(.-%&%+!,%!2,7$-!(,!(#$!.%&(8!H$5$-!
(,!A=I\!G!&%!(#$!2*. : 4&% +!&%'() **)(&,% !'$1(&, %8!
!
+%*$!'"X!I%'.-$!(#)(!/,.!#)0$!:)6$!(#$!1,--$1(!1,%%$1(&,%'8!b,.!:.'(!5,**,7!(#$!7&-$!1,%%$1(&,%!)'!'#,7%!
(,!$%'.-$!2-,2$-!,2$-)(&,%!,5!(#$!.%&(8!D5!/,.!:&<!.2!,%$!'$(!,5!7&-$'!7&(#!)%,(#$-3!(#$!.%&(!7&**!%,(!,2$-)($!
1,--$1(*/!$0$%!(#,.+#!&(!(.-%'!,%!)%6!,(#$-7&'$!)22$)-'!(,!5.%1(&,%!2-,2$-*/8!
!
=#$!7)($-!#$)($-!&'!%,7!&%'()**$6!)%6!-$)6/!(,!.'$a!B,**,7!(#$!O$%$-)*!M2$-)(&%+!D%'(-.1(&,%'!(,!1,:2*$($!(#$!
'$(.28!"$!#&+#*/!-$1,:: $%6!(#)(!(#&'!&'!6,%$!7&(#!(#$!#, : $,7 %$-!2-$'$% (8!
!
! !
!
/=OVRTGV<=(#\OVGUGV<RGLJH(NZ(.LMO=(
.'?/&#(
/+'(1(
/+'33(
/+'(31(
/+'(45(
/+'(46(
/+'(78(
/&/./"$#(
Q!
G!
G!
E!
E!
^!
E'&$%A/(
G^X!V!
G^X!V!
G^X!V!
G^X!V!
G^X!V!
G^X!V!
.%f(`0(
`!;"!
QE!;"!
Q`!;"!
G^!;"!
GF!;"!
Ee!;"!
`0(9/)(/&/./"$(
`!;"!
e8R!;"!
g!;"!
`!;"!
g!;"!
g!l"!
.%f(%.9/)%A/(?)%0(
EE!?U\A!
R^!?U\A!
FR!?U\A!
QXX!?U\A!
QQG8R!?U\A!
QRX!?U\A!
)/C*!)/?(>)/%Y/)#(
Q!<!^X!?U\!
Q!m!eX!?U\!
G!m!^X!?U\!
E!<!^X!?U\!
E!m!^X!?U\!
^!m!^X!?U\!
)/C*!)/?(0!)/(A%*A/(
Q!<!`!?"O!
Q!<!e!?"O!
G!m!`!?"O!
E!<!`!?"O!
E!m!`!?"O!
^!m!`!?"O!
!
!
0GTGJP(?G<PT<I(
(
(
! (
L&-1.&(!N-$) ;$-!nQ!
!
KQ! ! KQ!
L&-1.&(!N-$) ;$-!nG!
!
KG! ! KG!
L&-1.&(!N-$) ;$-!nE!
!
KE! ! KE!
L&-1.&(!N-$) ;$-!n^!
!
K^! ! K^!
NK?Ll!
HIJ!
NK?Ll!
HIJ!
NK?Ll!
HIJ!
NK?Ll!
HIJ !
ILM!`!i!ILM!QQ!
-$Y.&-$'!Q! 4-$);$-!)%6 !
Q!'$(!,5!7&-$'!
ILM!Q`!-$Y.&-$'!G!'$('!,5!4-$);$-'!)%6!7&-$'!
ILM!G^!i!ILM!GF!-$Y.&-$!E!'$('!,5!4-$);$-'!)%6!7&-$'!
ILM!Ee!-$Y.&-$'!^!'$('!,5!4-$);$-'!)%6!7&-$'!
!
(8^(#!g!"A(A*!?/(
\*$)'$!.'$!(#$!1#)-(!4$*,7!(,!'$$!#,7!:)%/!+)**,%'!2$-!:&%.($!/,.-!()%;*$''!7)($-!#$)($-!1)%!2-,6.1$!7&(#!
/,.-!&%1,:&%+!7)($-!($:2$-)(.-$8!=#$!+)**,%'!2$-!:&%.($!&'!1)*1.*)($6!)''.:&%+!QXRSB!,.(*$(!($:2$-)(.-$8!
!
!JVLIGJP(0<ROT(
$OI\OT<RKTO(
/+'(1(
/+'(33(
/+'(31(
/+'(45(
/+'(46(
/+'(78(
^XSB!
X8`!
Q8^!
Q8g!
G8R!
G8`!
E8`!
^RSB!
X8g!
Q8R!
G8X!
G8F!
E8Q!
^8Q!
RXSB!
Q8X!
Q8e!
G8G!
E8X!
E8^!
^8R!
RRSB!
Q8Q!
Q8`!
G8R!
E8E!
E8F!
^8g!
eXSB!
Q8G!
G8X!
G8F!
E8e!
^8Q!
R8R!
eRSB!
Q8^!
G8G!
E8Q!
^8Q!
^8e!
e8Q!
FXSB!
Q8e!
G8R!
E8R!
^8F!
R8E!
F8X!
FRSB!
Q8`!
E8X!
^8Q!
R8R!
e8Q!
`8G!
`XSB!
G8G!
E8e!
^8g!
e8e!
F8^!
g8`!
!
]O)**,%'!2$-!U &%. ($_ !
!
!
!
:&'0()/A*&%$')(h('9$!'"%&(
=,!$%'.-$!(#$!,2(&:)*!($:2$-)(.-$!,.(2.(!)%6!,0$-)**!2$-5,-:)%1$!,5!/,.-!()%;*$''!7)($-!#$)($-!/,.!:)/!
-$Y.&-$!)!5*,7!-$+ .*) (,-8!=# $'$ !5*,7 !-$+. *)(, -'!)-$ !&%'()**$ 6!,% !(#$ !,. (*$(!1, %% $1(&, % !,5!/,. -!()% ;*$' '!7) ($-!
#$)($-!)%6!*&:&(!(#$!:)<&:.:!0,*.:$!1,:&%+!,.(!,5!/,.-!.%&(!(,!)!'2$1&5&$6!5*,7!-)($!(,!2-$0$%(!(#$!$<&(!
($:2$-)(.-$ !5-,: !4$ 1,:&%+!(,,!1,,*8!=, !*$)-%!: , -$!)4 , .(!5*,7 !-$+ .*) (,-'!, -!5&%6!, .(!#, 7 !(,!2 .-1# )' $!,% $!5,-!
/,.-!()%;*$''!7)($-!#$)($-!0&'&(!.'!,%*&%$!)(!I1,A:)-(9A81,:!,-!1,%()1(!.'!)(!Qc`FFc^F^ce^FE8!
#RO\H(ULT(+FLLHGJP(<(:=LS()OPK=<RLT(
Q8 B&%6!/,.-!:,6$*!&%!(#$!1#)-(!,%!(#$!*$5(!
G8 L#,,'$!(#$!1,*.:%!7&(#!(#$!&%*$(!7)($-!($:2$-)(.-$!1*,'$'(!(,!/,.-!+$,+-)2#&1)*!*,1)(&,%!
E8 =);$!(#$!O\U!,-!+)**,%'!2$-!:&%.($!/,.!5&%6!)%6!:)(1#!&(!7&(#!(#$!1,--$'2,%6&%+!5*,7!-$+.*)(,-!,%!(#$!
-&+#(!
(((((((((((((!J=OR(0< RO T ($ OI\OT<RK T O!
!
5[i:(
][i:(
8[i:(
6[i:(
!
/VL#I<TR(9<TR(
"KINOT(
.<eGIKI(:=LS()<RO(
+LJJOVRGLJ(#GjO(
ILM!`!
3B[(
3B[(
3B[(
3B](
ILM!DBH!QcG!
Q8X!O\U!
QCGo!L,:2-$''&,%!
ILM!QQ!
3B[(
3B[(
3B](
4B[(
Q8R!O\U!
QCGo!L,:2-$''&,%!
ILM!Q`!
4B[(
4B[(
4B[(
7B[(
G8X!O\U!
QCGo!L,:2-$''&,%!
ILM!G^!
4B[(
4B[(
7B[(
5B[(
ILM!DBH!Ec^!
G8X!O\U!
EC^o!@\=!
ILM!GF!
4B[(
7B[(
5B[(
]B[(
E8X!O\U!
EC^o!@\=!
ILM!Ee!
7B[(
5B[(
]B[(
]B[(
^8X!O\U!
EC^o!@\=!
(
(
R8X!O\U!
EC^o!@\=!
!
pA$*$1(&,%!4)'$6!,%!&%*$(!($:2$-)(.-$!)4,0$!)%6!,.(*$(!($:2$-)(.-$!,5!QXRSB!
!
(6^(A/"/)%&('9/)%$!"A(!"#$)*+$!'"#(
M2$-)(&%+!/,.-!%$7!()%;*$''!7)($-!#$)($-!&'!'&:&*)-!(,!.'&%+!)%/!(-)6&(&,%)*!7)($-!#$)(&%+!'/'($:8!W,7$0$-3!&(!&'!
0$-/!&:2,-()%(!(#)(!/,.!1)-$5.**/!-$)6!)**!,5!(#$!'$(.2!2-,1$6.-$'!)%6!,2$-)(&%+!&%'(-.1(&,%'!)%6!(&2'!(,!$%'.-$!
(#$!:)<&:. : !2 $-5,-:)%1$!)%6!$% $-+/ !')0&% +'!5-, : !/,. -!%$7!7)($-!#$)($-8!" $!-$1 ,: :$%6!(#)(!)**!:$ : 4$ -'!
,5!(#$!#,.'$#,*6!-$)6!(#$'$!O$%$-)*!M2$-)(&%+!D%'(-.1(&,%'8!
-LS(ZLKT(JOS(S<ROT(FO<ROT(SLT`HX!b,.-!()%;*$''!7)($-!#$)($-!6,$'!%,(!'(,-$!#,(!7)($-!*&;$!)!1,%0$%(&,%)*!
()%;c(/2$!7 )($ -!#$) ($-8!D(!1,%() &%'!# &+#!2 ,7 $-$ 6!# $)(&% +!$*$: $ %('!(# )(!)-$ !1)2 )4 *$!,5!#$ )(&%+ !7) ($-!, %c
6$:)%68!?'!',,%!)'!/,.!(.-%!,%!)!#,(!7)($-!5).1$(3!)!',2#&'(&1)($6!5*,7!'$%',-!-$1,+%&h$'!(#)(!/,.!#)0$!(.-%$6!
,%!(#$!7)($-8!=#&'!'$%',-!:$)'.-$'!5*,7!-)($!7#&*$!)%,(#$-!'$%',-!:$)'.-$'!(#$!&%1,:&%+!7)($-!($:2$-)(.-$8!
=#&'!&%5,-:)(&,%!&'!(-)%':&(($6!1,%(&%.)**/!(,!(#$!1,:2.($-!*,+&1!1,%(-,*'!7#&1#!6$1&6$!#,7!:.1#!2,7$-!(,!
'$%6!(,!(#$!#$)(&%+!$*$:$%('!(,!#$)(!(#$!7) ($-!(,!/, . -!6$'&-$6 !($: 2 $-) (.-$8!M %1 $!(#$ !7) ($-!5). 1$(!&'!(.-% $6 !,55!
/,.-!7)($-!#$)($-!7&**!(.-%!,55!)'!7$**8!
!
(1^(.%!"$/"%"+/(
=,!$%'.-$!:)<&:.:!2$-5,-:)%1$!,5!/,.-!7)($-!#$)($-!)%6!(,!-$6.1$!(#$!-&';!,5!)!7)($-!*$);3!7$!-$1,::$%6!
(#$!5,**,7&%+!: )&% ($%)%1$T!
D%'2$1(!(#$!1,%%$1(&,%'!,%!(#$!&%*$(!)%6!,.(*$(!,5!(#$!7)($-!#$)($-!)(!*$)'(!,%!)%!)%%.)*!4)'&'!5,-!)%/!'&+%'!,5!
6):)+$!,-!5)&*.-$8!?%/!'&+%'!,5!6):)+$3!1-)1;'3!*$);)+$!,-!7$);%$''!'#,.*6!4$!)66-$''$68!=);$!1)-$!%,(!(,!,0$-!
(&+#($%!(#$!1,%% $1(&, %'8!A$-&,.'!&%($-%)*!6):)+$!(,!/,.-!7)($-!#$)($-!1)%!,11.-!&5!/,.!,0$-!(&+#($%!(#$!7)($-!
#$)($-!1,%%$1(&,%'!)(!(#$!.%&(8!
!.9')$%"$ (" '$/#X(
?'!7&(#!)**!$*$1(-&1)*!)22*&)%1$'3!.%6$-!%,!1&-1.:'()%1$'!'#,.*6!/,.!)(($:2(!(,!&%'()**3!-$2)&-!,-!6&')''$:4*$!(#&'!
7)($-!#$)($-!7&(#,.(!5&-'(!'#.((&%+!,55!)**!2,7$-!(,!(#$!.%&(!6&-$1(*/!)(!(#$!5.'$!,-!4-$);$-!4,<8!#/)!'*#(>'?!&;(
!"@*); (' ) (?/%$- (+ ' *&?('+ + * ) (!: (; ' * (!A"')/ ($ - !# (0%)" !" A B(
"#$%!)%/!:)&%($%)%1$!&'!2$-5,-:$6!,%!(#$!7)($-!#$)($-!,-!(#$!#,:$P'!2*.:4&%+!'/'($:!(#)(!:)/!&%(-,6.1$!)&-!
&%(,!(#$!2*. :4&%+!2&2 $ '3!&(!&'!&:2,-()%(!(, !(. -% !(# $ !2 , 7 $ -!, 55!(, !(# $ !7 ) ($ -!#$ ) ($ -!) %6 !2 . -+ $!(# $ !) &-!, .( !,5 !(#$ !
*&%$'!4$5, -$ !)**, 7 &% + !(# $ !.% &(!(, !2 , 7 $ -!. 2 8!B? DK 9 H I !=M !JM!AM!LM9KJ!L? 9 A I !\I H U?@I@= !J ? U?OI!=M!=WI!
WI?=D@O!IKIUI@=!?@J!VMDJ!bM9H!"?HH?@=b8!!
D5!/,.!#)0 $ !)!7)($-!'.2 2 */ !7 &( # !)!# &+ # !*$ 0$ *!, 5!:&%$-)*&h) (&, % !]# ) -6 !7)($-_3!/,. !' # ,. *6 !&% 1 -$ ) '$ !(# $ !5-$ Y . $ % 1/ !, 5!
/,.-!:)&%($%)%1$8!
!
(k^($)'*>&/(#-''$!"A(A*!?/(
%TO(ZLK(F<QGJP(\TLN=OIH(SGRF(ZLKT(S<ROT(FO<ROTl(
\*$)'$!1)**!,-!$:)&*!,.-!1.'(,:$-!'$-0&1$!)%6!($1#%&1)*!'.22,-(!($):!5,-!)%/!#$*2!/, .!: ) /!%$ $68!
$'&&(:)//(3^166^565^8567(
HK\\LTR_OVLHI<TR*#BVLI(
!
! !
!
=#$!5,**,7&%+!()4*$!-$2-$'$%('!',:$!,5!(#$!:,'(!1,::,%!($1#%&1)*!'.22,-(!Y.$'(&,%'!7$!-$1$&0$8!N$5,-$!1)**&%+!
.'3!2*$)'$!-$)6!(#,-,.+#*/!(,!'$$!&5!/,.-!Y.$'(&,% !, -!2 -, 4 *$ : !&'!) 6 6 -$ ''$ 6 8 !
9)'>&/.(
9'##!>&/(+%*#/(
#'&*$!'"(
")($-!#$)($-!&'!%,(!#$)(&%+!)(!)**!
]7)($-!&'!5*,7&%+!4 .(!(# $!. %&(!&'!%, (!
#$)(&%+!c!(#$!,.(+,&%+!7)($ -!
($:2$-)(.-$!&'!(#$!'): $ !)'!(# $!
1,*6!7)($-!'.22*/_!c!(#$!6&+&()*!
6&'2*)/!6,$'!@M=!*&+#(!.28!
@,!2,7$-!,-!&%1,--$1(!
7&-&%+8!
U);$!'.-$!(#$!4-$);$-'!)(!:)&%!$*$1(-&1)*!2)%$*!)-$!M@8!b,.!
:)/!#)0$!)!5).*(/!4-$);$-!,-!.%&(!:)/!4$!7&-$6!&%1,--$1(*/8!
B*,7!-)($!&'!(,,!*,7!C!
7)($-!2-$''.-$!&'!(,,!
*,78!
b,.-!7)($-!#$)($-!#)'!)%!)1(&0)(&,%!5*,7!-)($!,5!)22-,<&:)($*/!
X8E!O\U8!D5!/,.-!7)($-!5*,7!-)($!&'!*$''!(#)%!(#&'!*$0$*3!/,.-!.%&(!
7&**!%,(!)1(&0)($8!D%1-$)'$!(#$!5*,7!-)($8!
")($-!#$)($-!&'!%,(!#$)(&%+!)(!)**!
]7)($-!&'!5*,7&%+!4 .(!(# $!. %&(!&'!%, (!
#$)(&%+!c!(#$!,.(+,&%+!7)($-!
($:2$-)(.-$!&'!(#$!'): $ !)'!(# $!
1,*6!7)($-!'.22*/_!=#$!6&+&()*!
6&'2*)/!JMIA!*&+#(!.28!
D%($-%)*!2)-(!5) &*. -$ 8!
\*$)'$!1)**!.'!5,-!($1#%&1)*!)''&'()%1$8!
")($-!#$)($-!&'!#$)(&%+3!4.(!(#$!
7)($-!($:2$-)(.-$!&'!%,(!#,(!
$%,.+#8!
9'$-!($:2$-)(.-$!
'$((&%+!(,,!*,78!
=.-%!.2!(#$!($:2$-)(.-$!'$((&%+!,%!(#$!.%&(8!
B*,7!-)($!&'!(,,!#&+#8!
J$2$%6&%+!,%!/,.-!&%1,:&%+!7)($-!($:2$-)(.-$!)%6!(#$!2,7$-!
,.(2.(!,5!/,.-!:,6$*3!/,.-!7)($-!5*,7!-)($!:)/!$<1$$6!(#$!
2#/'&1)*!#$)(&%+!1)2)1&(/!,5!/,.-!7)($-!#$)($-8!H$6.1$!(#$!5*,7!
-)($!4/!&%'()**&%+!)%!I1,A:)-(!B*,7!H$+.*)(,-8!9'$!(#$!1#)-(!&%!
'$1(&,%!e!(,!5&%6!,.(!7#&1#!5*,7!-$+.*)(,-!7,-;'!4$'(!5,-!/,.-!
2)-(&1.*)-!:,6$*8!!
L-,''$6!7&-$'8!
D5!&(P'!)!%$7!&%'() **)( &, %3!# ) 0$ !/, . -!$ *$ 1(- &1&) % !6 , .4 *$ !1 #$ 1 ;!(# $ !
7&-&%+8!D'!2,''&4*$!(#)(!(#$!7&-&%+!&'!&%1,--$1(8!
V,*()+$!*$''!(#)%!G^X!
0,*('8!
=#$!#$)(&%+!$*$:$%('!,%!/,.-!7)($-!#$)($-!)-$!6$'&+%!5,-!G^X!
0,*('8!"#$%!.'$6!7&(#!)!*,7$-!0,*()+$3!(#$/!2-,6.1$!*$''!
#$)(&%+!2,7$-8!b,.!:)/!%$$6!(,!.2+-)6$!(,!)!*)-+$-!:,6$*8!!
U&<&%+!(,,!:.1#!1,*6!
7)($-8!
b,.!6,!%,(!%$$6!(,!:&<!)'!:.1#!1,*6!7)($-!7&(#!/,.-!()%;*$''!
7)($-!#$)($-!1,:2)-$6!(,!7#$%!/,.!.'$!)!1,%0$%(&,%)*!7)($-!
#$)($-8!b,.!:)/!)*',!#)0$!)%!)%(&c'1)*6!5$)(.-$!,%!/,.-!5).1$(!
(#)(!&'!:&<&%+!1,*6!7)($-8!=# $'$ !(/2$ '!,5!5). 1$(' !1)% !.'. )**/!4$ !
)6d.'($6!(,!-$6.1$!(#$!):,.%(!,5!1,*6!7)($-!:&<$68!!
=#$!7)($-!($:2$-)(.-$!)(!(#$!
5).1$(!&'!*$''!(#)%!(# $!($ : 2 $-) (.-$ !
'$((&%+!,5!:/!7)($-!#$)($-8!
V,*()+$!*$''!(#)%!G^X!
0,*('8!
=#$!1,:2.($-!1#&2'!&%!/,.-!()%;*$''!7)($-!#$)($-!)-$!
2-,+-)::$6!7&(#!(#$!$<2$1()(&,%!(#)(!/,.-!&%1,:&%+!*&%$!
0,*()+$!&'!G^X!0,*('8!D5!/,.!#)0$!*$''!(#)%!G^X!0,*('3!&(!:)/!)55$1(!
(#$!-$)6&%+!,%!/,.-!7 )($ -!#$) ($-P'!6&+&() *!6&'2*)/ !)%6 !1). '$!&(!(,!
-$)6!'*&+#(*/!#&+#$-!(#)%!(#$ !)1(. )*!,. (2. (!($: 2 $-) (.-$ 8!=, !
1,:2$%')($!5,-!(#&'3!&%1-$)'$!(#$!'$((&%+!,%!/,.-!7)($-!#$)($-!&5!
/,.!%$$6!C!7)%(!#,(($-!7)($-8!
?%(&cA1)*6!
2-$''.-$C4)*)%1&%+!
0)*0$!,-!($:2$-&%+!
0)*0$8!
b,.-!5).1$(!:)/!#)0$!)%!)%(&c'1)*6!5$)(.-$!,-!)!($:2$-&%+!0)*0$!
(#)(!).(,:)(&1)**/!:&<$ '!1,*6 !7) ($-!$0 $%!7 # $% !/,. !(.-% !/,. -!
1,%(-,*!*$0$-!,-!#)%6*$!(,!5.**!#,(8!=#$'$!6$0&1$'!)-$!.'.)**/!
)6d.'()4*$!',!/,.!1)%!(.-%!,55!(#$!1,*6!:&<!1,:2*$($*/8!b,.!1)%!
1,:2$%')($!5,-!(#&'!4/!&%1-$)'&%+!(#$!'$((&%+!,%!/,.-!7)($-!
#$)($-!&5!/,.!%$$6C7)%(!#,(($-!7)($-8!
=#$-:)*!*,''!6.$!(,!
*,%+!2&2$!-.% !
?'!(#$!#,(!7)($-!5-,:!(#$!#$)($-!-.%'!(#-,.+#!(#$!#,(!7)($-!
6$*&0$-/!'/'($:!(,!/,.-!5).1$(3!',:$!#$)(!7&**!4$!*,'(!$'2$1&)**/!
&5!&(!#)'!*,%+!6&'()% 1 $!(, !(- )0 $*!, -!(# $ !2&2 $ '!) -$ !1, *6 8!=# &'!&'!
%,-:)*8!b,.!1)%!1,:2$%')($!5,-!(#&'!4/!&%1-$)'&%+!(#$!'$((&%+!,%!
/,.-!7)($-!#$)($-!&5!/,.!%$$6C7 )% (!# , (($ -!7 ) ($ -8!
!
! (
!
(3[^(*#/)(!"$/):%+/(
\,7$-!
• L*&1;!)6d.'(:$%(!;%,43!(#$!6&'2 * )/ !7&**!(.-%!, % !
• L*&1;!(#$!)6d.'(:$%(!;%,4!)+)&%3!(#$!6&'2*)/!7&**!(.-%!,55!
LCB!L,%0$-'&,%! !
• \-$''!(#$!)6d.'(:$%(!;%,4!5,-!E!'$1,%6'3!(#$!6&'2*)/!7 &**!1#) %+$ !5-,: !B )# -$% #$ &(!(,!L$ *'&.'!, -!0&1$!
0$-')!
=$:2$-)(.-$!L,%(-,*!
• =.-%&%+!(#$!;%,4!1*,1;7&'$!&%1-$)'$'!(#$!'$(!,.(2.(!7)($-!($:2$-)(.-$!
• =.-%&%+!(#$!;%,4!1,.%($-!1*,1;7&'$!6$1-$)'$'!(#$!'$(!,.(2.(!7)($-!($:2$-)(.-$!
• b,.!1)%!'$(!,-!)6d.'(!(#$!($:2$-)(. -$!)(!)% /!(&: $!4 $(7 $$% !`X SB!i!Q^XSB!]GFSL!i!eXSL_8!=#$!($:2$-)(.-$!
1)%!4$!1#)%+$6!(,!/,.-!6$'&-$6!'$((&%+8!=#$!6&'2*)/!7&**!,%*/!'()/!,%!7#$%!(#$!.%&(!&'!&%!.'$!,-!7#$%!/,.!
)-$!'$((&%+!(#$!($:2$-)(.-$8!!
(
+%*$!'"X()OILQGJP(RFO(VLQOT(RL(VF<JPO(RFO(ROI\OT<RKTO(HOR(\LGJR(Oe\LHOH(O=OVRTGV<=(HFLV`(<JM(NKTJ(F<j<TMHD(
SFGVF(V<J(V<KHO(!"@*);(LT(?/%$-B(%MaKHRIOJR(HFLK=M(LJ=Z(NO(MLJO(NZ(<(=GVOJHOM(\=KINOT(LT(O=OVRTGVG<JB(
?%"A/)X(-LRROT(S<ROT(GJVTO<HOH(RFO(\LROJRG<=(ULT(-LR(0<ROT(#+%&?#B((
!
/+'(1(h(/+'(33!
((((((/+'(31(h(/+'(45(h(/+'(46(h(/+'(78!
!
!
Q8!W,(!")($-!M.(*$(!
R8!?6d.'(:$%(!l%,4!j!=$:2$-)(.-$!L,%(-,*!
g8!I*$1(-&1)*!A(-)&%!H$*&$5!
G8!L,*6!")($-!D%*$(!
e8!"&-$!L,%%$1(&,%!
QX8!U,.%(&%+!N-)1;$(!]Q[_!
E8!L$*'&.'CB)#-$%#$&(!L,%0$-'&,%!]\-$''!j!W,*6!E!'$18_!
F8!N-)''!L,:2-$''&,%!@.(!
!
^8!=$:2$-)(.-$!A$(!\,&%(!J&'2*)/!
`8!N-)''!L,:2-$''&,%!B$--.*$!
!
!
U,6$*!@.:4$-!
W$&+#(!
"&6(#!
J$2(#!
\&2$!L$%($-'!J&'()%1$!
ILM!`!
QQ!
𝟏
𝟐
!&%1#$'!
`!&%1#$'!
E!
𝟑
𝟒
!&%1#$'!
c!
ILM!QQ!
QQ!
𝟏
𝟐
!&%1#$'!
`!&%1#$'!
E!
𝟑
𝟒
!&%1#$'!
c!
ILM!Q`!
QF!&%1#$'!
Q^!&%1#$'!
E!
𝟑
𝟒
!&%1#$'!
R!
𝟕
𝟖
!&%1#$'!
ILM!G^!
QF!&%1#$'!
QF!&%1#$'!
E!
𝟑
𝟒
!&%1#$'!
R!
𝟕
𝟖
!&%1#$'!
ILM!GF!
QF!&%1#$'!
QF!&%1#$'!
E!
𝟑
𝟒
!&%1#$'!
R!
𝟕
𝟖
!&%1#$'!
ILM!Ee!
QF!&%1#$'!
GQ!&%1#$'!
E!
𝟑
𝟒
!&%1#$'!
g!
𝟏𝟑
𝟏𝟔
!&%1#$'!
!
QX!
/+'#.%)$(A)//"(/"/)A ;(9)'? *+$#!
.%"*:%+$*)/)#(0%))%"$;!
.%!"&%"?(*#%(<JM(+%"%?%^(&!.!$/? (&!:/$!./!
'*$#!?/(.%!"&%"?(*#%(h(](;/%)#(
!
Q8!9)'?*+$(0%))%"$;X(I1,A:)-(!O-$$%!I%$-+/!\-,6.1('!7)--)%('!(,!(#$!,-&+&%)*!2.-1#)'$-!)(!(#$!,-&+&%)*!)66-$''!
,-!(#$!).(#,-&h$6!(-)%'5$-$$!,5!'.1#!2.-1#)'$-!]1,**$1(&0$*/3!(#$!ZN./$-[_!I1,A:)-(!=)%;*$''!")($-!W$)($-!)%6!&('!
1,:2,%$%('!(,!4$!5-$$!5-,:!6$5$1('!&%!:)($-&)*'!)%6!7,-;:)%'#&23!.%6$-!%,-:)*!.'$!)%6!'$-0&1$!5-,:!(#$!6)($!,5!
&%'()**)(&,% 3!2 -, 0&6 $ 6 !(# ) (!(# $ !\- , 6 .1 (!&' !&% '() **$ 6!7&(#&%!(#&-(/!] EX _!6 ) / '!5-, :!6)($!,5!-$ 1 $&2 (!) % 6 !&% '( )**$ 6 !4 /!) !
*&1$%'$6!$*$ 1( -&1&) % !) % 6 !2 *. : 4 $ -!]'2$1&5&1!2-,,5!-$Y.&-$6_!)%6!:)&%()&%$6!&%!)11,-6)%1$!7&(#!\-,6.1('!7-&(($%!
&%'(-.1(&,% '8!= # $ !\- , 6 . 1(!")--)%(/!7&**!4$!&%!$55$1 (!. 2 , % !-$1 $ &2 (!, 5!(# $ !")--)%(/!H $+ &'(- )( &,% !4 / !I 1, A :)-(!98A8!
,55&1$'8!=#$!")--)%(/!H$+&'(-)(&,%!&'!&%1*.6$6!&%!(#$!M2$-)(&%+!)%6!U)&%($%)%1$!U)%.)*!'.22*&$6!7&(#!$)1#!%$7!
2-,6.1(!)%6!:.'(!4$!5.**/!1,:2*$($6!)%6!'.4:&(($6!0&)!5)<3!:)&*!,-!7$4'&($!7&(#&%!]EX_!6)/'!,5!-$1$&2(!,5!\-,6.1(8!
D%1,:2 *$ ($ !")--)%(/!H $+ &' (-) (&, % ' !7 &**!% , (!4 $ !) 1 1$ 2 ($ 6 8!\ -, 6 . 1 (!")--)%(&$' !) -$ !0, &6 !7&(#,.(!-$1 $ &2 (!,5!")--)%(/!
H$+&'(-)(&,%!7&(#&%!]EX_!6)/'!,5!-$1$&2(!,5!\-,6.1(8!
!
#*+-(0%))%"$ !/#(?'("'$(+'E /)X!
• \-,6.1(!5)&*.-$!1).'$6!4/!*&:&%+3!'$6&:$%(!4.&*6.23!1#$:&1)*!1,--,'&,%3!1#*,-&%$C1#*,-&6$!1,--,'&,%3!,-!
5-$$h&%+8!
• \-,6.1(!5)&*.-$!1).'$6!4/!(#$!5)&*.-$!(,!-$:,0$!)&-!5-,:!'/'($:!2-&,-!(,!,-!6.-&%+!,2$-)(&,%8!!
• \-,6.1(!:&'.'$3!():2$-&%+!,-!:&')22*&1)(&,%3!)11&6$%()*!6):)+$3!&:2-,2$-!&%'()**)(&,%!,-!(#$!)22*&1)(&,%!,5!
&:2-,2$ -!0 , *() +$ 8!
• L,'('!&%1.--$6!5,-!'#&22&%+3!6$*&0$-/3!#)%6*&%+!)%6C,-!)6:&%&'(-)(&0$!1#)-+$'8!
• K)4,-!1#)-+$'!,5!)%/!;&%68!!
!
=WI!BMHIOMD@O!"?HH?@=DIA!?HI!ImLK9ADVI!?@J!D@!KDI9!MB!?@b!M=WIH!"?HH?@=b3!Im\HIAAIJ!MH!DU\KDIJ3!
D@LK9J D@ O !N 9 = !@ M=!KDUD=I J != M !? @ b !DU\KDIJ!"?HH?@ = b !M B !UIHLW? @ = ? N DK D= b!MH!BD=@I AA !B M H !? !\ ? H = DL 9 K ? H !
\9H\MAI!MH!\?=I@=!MH!M=WIH!D@=IKKIL=9?K!\HM\IH=b!HDOW=!D@BHD@OIUI@=8!
!
G8!&!.!$%$!'"(':()/./?!/#(%" ?(?% . %A /#X(I1,A:)-(!O-$$%!I%$-+/!\-,6.1('!*&)4&*&(/!)%6!N./$-P'!$<1*.'&0$!-$:$6/!
#$-$.%6$-!7&**!4$!*&:&($6!',*$*/!(,!-$2)&-!,-!-$2*)1$:$%(!,5!\-,6.1(!.%6$-!")--)%(/!4/!I1,A:)-(!A$-0&1$!L$%($-!7&(#!
-$'2$1(!(,!)%/!1*)&: !: )6 $!7 &(#&% !(#$!) 22 *&1)4 *$!" )--) % (/8!I1, A: ) -(!O-$ $% !I%$ -+/!\ -,6 .1 ('!-$'$-0 $'!(#$ !-&+#(!(,!
)11$2(!,-!-$d$1(!)%/!'.1#!1*)&:!&%!7#,*$!,-!&%!2)-(8!I1,A:)-(!O-$$%!I%$-+/!\-,6.1('!7&**!%,(!)11$2(!(#$!-$(.-%!,5!)%/!
2-,6.1(!7&(#,.(!2-&,-!7-&(($%!)22-,0)*!5 -, : !I 1 , A:)-(!A$-0&1$ !L $ % ($- !)% 6 !(# $ !&'' . )% 1 $ !, 5!)!H $ (. -% !U$-1#)% 6 &'$ !
?.(#,-&h)(&,%!@.:4$-!1*$)-*/!:)-;$6!,%!(#$!,.('&6$!2)1;)+&%+!,5!(#$!-$(.-%!'#&2:$%(8!ILMAU?H=!OHII@!I@IHOb!
\HMJ9L=A!"DKK!@M=!NI!KD?NKI3!9@JIH!?@b!LDHL9UA=?@LIA3!BMH!LM@AI>9I@=D?K!MH!D@LDJI@=?K!J?U?OIA3!
D@LK9J D@ O !N 9 = !@ M=!KDUD=I J != M !K ? N M H !L MA=A!MH !KMA=!\HM BD= A !H I A 9 K= D@ O!BHMU != W I !9 A I !M B !]M H !D@?NDKD=b!= M !
9AI_!=WI!\HMJ9L=A!MH!BHMU!=WI!\HMJ9L=A!NID@O!D@LMH\MH?=IJ!D@!MH!NILMUD@O!?!LMU\M@I@=!MB!?@b!
M=WIH!\HMJ9L=!MH!OMMJA8!
!
E8!0%))%"$;()/A!#$)%$!'"X(=,!4$!1,0$-$6!.%6$-!(#$!I1,A:)-(!O-$$%!I%$-+/!\-,6.1('!U)%.5)1(.-$-P'!K&:&($6!
K&5$(&:$!")--)%(/!N./$-!:.'(!-$+&'($-!2-,6.1(!7&(#&%!(#&-(/!]EX_!1)*$%6)-!6)/'!,5!-$1$&2(!,5!\-,6.1(!.'&%+!(#$!
")--)%(/!H$+&'(-)(&,%!L)-6!&%1*.6$6!7&(#!(#$!\-,6.1(3!(#&'!")--)%(/!:)/!4$!'.4:&(($6!0&)!:)&*!(,!ILMAU?H=!OHII@!
I@IHOb!\HMJ9L=A!KML?=IJ!?=!5[[(+<\R<GJ("OQG==O(?TGQOD(0<ROTNKTZD(+$D([86[]8!=WDA!DA!?!KDUD=IJ!KDBI= DU I !
U?@9B?L=9HIHPA!"?HH?@=b!=W?=!LM@VIbA!NI@IBD=A!=M!=WI!MHDOD@?K!\9HLW?AIHA3!A9NqIL=!=M!=WI!=IHUA!
?@J!LM@JD=DM@A!AI=!BMH=W!WIHID@8!l$$2!\-,6.1(!6,1.:$%('!&%!)!')5$!)%6!'$1.-$!*,1)(&,%8!N./$-!,4*&+)(&,%!.%6$-!
(#$!($-:'!,5!2.-1#)'$ !)%6 !')*$!-$Y. &-$!(#) (!" )--)% (/!H$ +&'(-)(&,% !: .'(!4$ !-$(.-% $6 !7&(#&% !(#$!2-$ '1-&4$ 6!(&: $5-): $ !
]7&(#&%!EX!1)*$% 6) -!6) /'_!)%6!-$()&%!)**!2-,,5!,5!2.-1#)'$3!&%'()**$-!-$1$&2('!5,-!")--)%(/!&%!,-6$-!(,!2-,($1(!N./$-P'!
-&+#('!)%6!,4()&% !U )% . 5)1(. -$-P'!K&: &($6 !K&5$(&: $ !" )--) %(/ !4$% $5&('8!=# $!" ) --)% (/!-$'&6 $'!7 &(#!(# $!N. /$ -!7&(# !2-, ,5!
,5!2.-1#)'$r!%,(!'&:2*/!7&(#!)%!&%6&0&6.)*!&%!2,''$''&,%!,5!)!\-,6.1(8!D5!(#$!\-,6.1(!&'!(,!4$!&%'()**$6!&%!%$7!
1,%'(-.1(&,%!)(!)!6)($!*)($-!(#)%!EX!6)/'!5-,:!(#$!6)($!,5!-$1$&2(3!'$%6!5.-(#$-!&%5,-:)(&,%!&%!)60)%1$!,5!(#&-(/!]EX_!
6)/!6$)6*&%$!7#$%!;%,7%!',!7$!:)/!.26)($!/,.-!")--)%(/!-$1,-68!!
!
^8!:*)$-/)(&!.!$%$!'"#(%"?(/f+&*#!'"#(%::/+$!"A(;'*)(0%))%"$;X(=#&'!7)--)%(/!&'!0,&6!&5!(#$!\-,6.1(!&'!%,(!
&%'()**$6!&%!) 1 1, -6 ) % 1 $!7&(#!-$*$0)% (3!*, 1) *!$ *$1 (-&1 ) *!)% 6 !2 *. :4&%+!1,6 $ '!) % 6 !&% !) 11 , -6 ) % 1$ !7 &( #!( # $!&% ' () **)(&, % !
!
QQ!
&%'(-.1(&,% '!' 2 $1 &5&$ 6 !4 /!(# $ !:)%.5)1(. -$-8!K,1)*!1,6$'!7&**!,0$--&6$!:)%.5)1(.-$-P'!&%'(-.1(&,%'!)(!(#$!(&:$!,5!
&%'()**)(&,% !) % 6!&5 !)6 6 &( &, %) *!&% ' () **)( &,% !2 ) -( '!) -$!- $Y . &-$ 6 3!(# $!1 , '( '!7 &**!4 $ !(# $ !-$' 2 , % '&4 &*&(/ !, 5!N . /$ -8!? 4 , 0 $!+ -, . % 6 !
*$0$*!&%'()**)( &, % '!:.'(!4$!2-, ($ 1 ($6 !7&(#!6-&2!2) % '!) % 6 !6 -)&%'!d.'(!)'!(#$!1,6$'!1)**!5,-!2-,($1(&0$!-$Y.&-$:$%('!.'$6!
&%!-$+.*)-!# , (!7 ) ($ -!() % ; !&%' () **) (&, % '8!N . / $-!# $ -$ 4 /!) 1 1$ 2 ('!(# $ !$ % (&-$!- $' 2 , % '&4 &*&(/ !5, -!) '1 $-( )&% &% + !7 # $ (# $ -!(# $/ !
#)0$!'.55&1&$%(!$*$1(-&1)*!2,7$-!)(!(#$&-!-$'&6$%1$!(,!,2$-)($!,.-!I*$1(-&1!=)%;*$''!")($-!W$)($-'!)'!&%6&1)($6!&%!,.-!
'2$1&5&1)(&,%'!7#&1#!)-$!-$)6&*/!)0)&*)4*$!)(!,.-!7$4'&($!]"""8ILMAU ? H=9 A8LMU _3!&%!,.-!4-,1#.-$'!)%6!1,%()&%$6 !
&%!(#$!'#&2 2 &% +!4 , < !5, -!&% '() **$ -'!( , !-$) 6 !4 $ 5, -$ !&%' () **) (&, % '8!D53!7 &( # &% !]E X_!6 ) / '!, 5!2 . -1 # ) '$ !)% 6 !2-&,-!(,!&%' ()**)(&, %3!
(#$!N./$-!5&%6'!(#)(!(#$!2. -1#) '$6 !.%&(!&'!%,(!'. &()4*$!5, -!(#$&-!6$:)%6'!N./$-!:. '(!-$(. -%!(#$!. %&(!(,!(#$ !I1,A : )-(!
,55&1$8!N./$-!&'!-$'2,%'&4*$!5,-!)%/!1#)-+$'!(#)(!:)/!4$!&%1.--$6!(,!1,:2*$($!(#$!-$(.-%8!?!N./$-!&'!$*&+&4*$!5,-!)!5.**!
-$5.%6!,-!1-$6&(!M@ Kb !&5!(#$!-$(. -%$ 6!. %&(!&'!-$1$&0$ 6!4 /!I1, A:)-(!7&(#&%!(#&-(/!]EX_!1) *$%6 )-!6 )/ '!,5!-$1$&2 (!?@ J !#) '!
4$$%!&%'2$1($6!4/!I1,A:)-(!)%6!5,.%6!(,!4$!&%!(#$!'):$!1,%6&(&,%!)'!7#$%!2.-1#)'$68!M%*/!7#$%!(#$'$!(7,!
1,%6&(&,%'!)-$!:$(!7&**!)!N./$-!-$1$&0$!)!-$5.%6!,-!-$2*)1$:$%(!.%&(8!I1,A:)-(!O-$$%!I%$-+/!\-,6.1('!7&**!%,(!)11$2(!
(#$!-$(.-%!,5!)%/!2-,6. 1(!7 &(#,. (!2-&,-!7 -&(($%!)2 2-, 0) *!5-,: !I1,A : )-(!O -$$% !I%$ -+/!\ -,6. 1('!)% 6!(#$ !&''.)% 1$!,5!)!
H$(.-%!U$-1#)%6&'$!?.(#,-&h)(&,%!@.:4$-!1*$)-*/!:)-;$6!,%!(#$!,.('&6$!2)1;)+&%+!,5!(#$!-$(.-%!'#&2:$%(8!!
!
?B=IH!]EX_!L?KI@J?H!J?bA!BHMU!HILID\=!MB!\HMJ9L=!=WIHI!"DKK!NI!@M!HI=9H@A!MH!"?HH?@=b!"D=WM9=!
HILID\=!MB!"?HH?@=b!HIODA=H?=DM@!Nb!ILMAU?H=!9A8!N9bIH!?LLI\=A!?KK!A?KIA!?A!BD@?K8!?@b!?K=IH?=DM@!=M!
=WI!\HMJ9L=!VMDJA!?KK!"?HH?@=DIA8!ILMAU?H=!OHII@!I@IHOb!\HMJ9L=A!DA!@M=!HIA\M@ADNKI!BMH!?@b!M=WIH!
LW?HOI!MH!Im\I@AI!D@L9HHIJ3!M=WIH!=W?@!=WI!MHDOD@?K!\9HLW?AI!\HDLI!MB!=WI!\HMJ9L=8!ILMAU?H=!OHII@!
I@IHOb!\HMJ9L=A!'#)**!%,(!4$!*&)4*$!5,-!1,%'$Y.$%(&)*3!'2$1&)*3!&%1&6$%()*!,-!1,%(&%+$%(!$<2$%'$'!,-!6):)+$'!)-&'&%+!
6&-$1(*/!,-!&%6&-$1(*/!5-,:!)%/!6$5$1(!&%!,-!,5!(#$!\-,6.1(r!%,-!7&**!I1,A:)-(!O-$$%!I%$-+/!\-,6.1('!4$!*&)4*$!5,-!)%/!
7)($-!6):)+$!)-&'&%+!6&-$1(*/!,-!&%6&-$1(*/!5-,:!(#$!.'$!,5!(#$!\-,6.1(!,-!5-,:!(#$!5)&*.-$!,5!,-!6$5$1(!&%!)%/!
1,:2,%$%(!2)-(!,-!1,%%$1(&%+!2*.:4&%+8!I1,A: )-(!O-$$%!I%$-+/!\-,6. 1('!)%6!N./$-!)+-$$!(,!(#$!)4,0$!($-:'!&%!
(#$&-!$%(&-$(/!)%6!)11$2(!)**!')*$'!)'!5&%) *!7&(# ,.(!-$1 ,. -'$!(,!)!1-$6 &(!1)-6!1, : 2)% /!,-!, (#$-!5&%) %1&)*!&%'(&(. (&,% !)%6!
#$-$4/!)+-$$!(,!'(&2.*)(&, %' !)%6 !'2$ 1&5&1)(&, %'!6 $5&% $6 !7&(# &%!U ) %. 5)1 (.-$ -P'!K&: &($6!K&5$(&:$!")--)%(/8!!
!
R8!0<TT<JRZ(9TLVOMKTO(ULT(HOTQGVOX(W)0$!)!*&1$%'$6!$*$1(-&1&)%!6$($-:&%$!(#$!$<)1(!&''.$!(#)(!-$Y.&-$'!-$2)&-8!\*$)'$!
%,($!(#)(!($1#%&1)*!'.22,-(!&'!)0)&*)4*$!5,-!Y.)*&5&$6!($1#%&1&)%'!,%*/!]*&1$%'$6!$*$1(-&1&)%'!)%6C,-!2*.:4$-'_8!=$1#%&1)*!
'.22,-(!(#)(!&%0,*0$'!2,($%(&)**/!6)%+$-,.'!$*$1(-&1)*!1,%6&(&,%'!&'!%,(!)0)&*)4*$!(,!.%Y.)*&5&$6!2$-',%'8!"#$%!
1,%()1(&%+!I1,A:)-(!A$-0&1$!L$%($-3!2*$)'$!4$!'.-$!(#)(!(#$!($1#%&1&)%!#)'!)!1,2/ !,5!(#$!,-&+ &%)*!" ) --)%(/ !
H$+&'(-)(&,%!)%6!#)'!-$0&$7$6!(#$!ZW,:$,7%$-'!)%6!D%'()**)(&,%!U)%.)*[!(#)(!7)'!'.22*&$6!7&(#!(#$!\-,6.1(8!
I1,A:)-(!=$1#%&1)*!?''&'()%1$3!)(!&('!',*$!6&'1-$(&,%3!7&**!6$($-:&%$!(#$!4$'(!:$(#,6!5,-!-$2)&-8!U$(#,6'!,5!-$2)&-!
&%1*.6$3!4. ( !)- $!% , (!*&:&($6!(,3!-$2 *) 1$ : $ % (!, 5!' 2 $1 &5&1 !2 )- (!, 5!\ -, 6 . 1(!, - !-$2 *) 1 $:$%(!,5!7 # , *$!. % &(8!D5!) !7#,*$!.%&( !
-$Y.&-$'!-$2*)1$: $% (!.% 6 $-!(#$ !($-: '!,5!(# &'!U )% .5) 1(. -$-P'!" )--) % (/3!(#$!, -&+&%) *!.%&(!: . '(!4$ !-$(.-% $6 !(,!(# $!
ILMAU?H=!,55&1$8!N./$-!:.'(!'$1.-$!(#$!1,'(!,5!-$(.-%!6$*&0$-/!)%6!-$2*)1$:$%(!.%&(!7&(#!)!0)*&6!98A8!1-$6&(!1)-68!
L-$6&(!L)-6!?.(#,-&h)(&,%!B,-:'!)-$!)0)&*)4*$!.2,%!-$Y.$'(8!D5!(#$!-$2*)1$6!.%&(!)--&0$'!)(!(#$!I1,A:)-(!,55&1$!7&(#&%!
($%!]QX_!1)*$%6)-!6)/'!, 5!'#&2:$%(!,5!%$7!.%&(!)%6!&'!5,.%6!(,!1,:2*/!7&(#&%!(#$!'2$1&5&1)(&,%'!,5!(#&'!U)%.5)1(.-$-P'!
")--)%(/!(#$%!(#$!1-$6&(!1)-6!7&**!%,(!4$!1#)-+$63!,(#$-7&'$3!N./$-!7&**!4$!1#)-+$6!):,.%(!,5!-$2*)1$:$%(!.%&(!)%6!
'#&2:$%(!1,'(!)'!)+-$$6!.2,%!7&(#&%!L-$6&(!L)-6!?.(#,-&h)(&,%!B,-:8!D5!I1,A:)-(!=$1#%&1)*!?''&'()%1$!6$($-:&%$'!)!
1,:2,%$%(!-$Y.&-$'!-$2)&-!,-!-$2*)1$:$%(!.%6$-!(#$!($-:'!,5!(#&'!U)%.5)1(.-$-P'!K&:&($6!K&5$(&:$!")--)%(/3!(#$!2)-(!
7&**!4$!'#&22$6!0&)!'()%6)-6!+-,.%6!6$*&0$-/8!!U(U<HROT(HFG\\GJP(HO T Q GVO (GH(MOHGTOMD(RFO(>KZOT(IKHR(HO=OVR(<JM(\<Z(ULT(
H<IOB(!
!
?@b!>9IA=DM@A!HIO?HJD@O!M9H!BDVI!]R_!bI?H!"?HH?@=b!AWM9KJ!NI!JDHIL=IJ!=M!M9H!AIHVDLI!LI@=IH!Nb!
L?KKD@O!=MKK!BHII!`FFc^F^ce^FE!NI="II@!`TXX!?U!)%6!RTXX!\U!UM@J?b!(#-.!BHDJ?b!I?A=IH@!=DUI8!@M!HI=9H@!
"DKK!NI!?LLI\=IJ!Nb!ILMAU?H=!"D=WM9=!\HDMH!?\\HMV?K!?@J!=WI!DAA9?@LI!MB!HI=9H@!UIHLW?@JDAI!
?9=WMHDf?=DM@!@9UNIH!LKI?HKb!U?HlIJ!M@!=WI!Im=IHDMH!MB!\?Ll?OD@O8!
!
/VL#I<TR(ATOOJ(/JOTPZ(9TLMKVRH!s!^XX!L)2()&%!@$0&**$!J-&0$3!")($-4.-/3!L=3!XeFXR!s!$'&&(:)//X(166^565^8567(
!
(
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
9A?!?@J!L?@?J?T!
/VL#I<TR(ATOOJ(/JOTPZ(9TLMKVRH(
5[[(+<\R<GJ("OQG==O(?TGQOD(0<ROTNKTZD(+$([86[](
$L==(:TOOX(3^166^565^8567(
(#K\\LTR_/VL#I <TR*#BVLI(
!
\9IH=M!HDLMT!
/OI<e(9KOTRL()GVL(
9<TbKO(!JMKHRTG<=(&LH(:T<G=OH(
+<TTOROT<(m4[D(Y.(]B4(&LV<=(m3[(
$L==(:TOOX(166^565^8567D(LT (616^6[]^68[](
#K\\LTR_/VL#I<TR*#BV LI(
(
  • Page 1 1
  • Page 2 2
  • Page 3 3
  • Page 4 4
  • Page 5 5
  • Page 6 6
  • Page 7 7
  • Page 8 8
  • Page 9 9
  • Page 10 10
  • Page 11 11
  • Page 12 12
  • Page 13 13
  • Page 14 14

ECO Smart Tankless Water Heaters Owner's manual

ECO
Brand
ECO
Model
Smart Tankless Water Heaters
Type
Owner's manual

ECO Smart Tankless Water Heaters offer endless hot water for multiple applications, including showers, sinks, and dishwashers. With an advanced flow sensor and temperature control system, they deliver consistent hot water at a user-selectable temperature between 80°F and 140°F. These units are compact and wall-mountable, saving space and blending seamlessly into any décor. ECO Smart Tankless Water Heaters are energy-efficient and can significantly reduce your water heating costs. They are easy to install and require minimal maintenance, providing years of reliable hot water.

Download PDF
report

Ask a question and I''ll find the answer in the document

Finding information in a document is now easier with AI

Other documents