ࡱ> #`bjbjmm7 rh3  4###8$t$D3Bh$%.&&&-'(DG($AAAAAAA$ChFA- ))'-'))A &&A***)( & &A*)A**= >&$ Pfz#?)=6AdB03B=F*F4>F >8k((*( (~k(k(k(AA*k(k(k(3B))))##4 (   ! :  TOC \o "1-2" \h \z \u  HYPERLINK \l "_Toc26594598"   PAGEREF _Toc26594598 \h 2  HYPERLINK \l "_Toc26594603" ;020 1. ?B>20O B>@3>2;O  PAGEREF _Toc26594603 \h 3  HYPERLINK \l "_Toc26594604" 1.1. @8@>40 8 7=0G5=85 >?B>2>9 B>@3>2;8  PAGEREF _Toc26594604 \h 3  HYPERLINK \l "_Toc26594605" 1.2. 84K ?@54?@8OB89 >?B>2>9 B>@3>2;8  PAGEREF _Toc26594605 \h 5  HYPERLINK \l "_Toc26594606" 1.3. 0@:5B8=3>2K5 @5H5=8O >?B>28:0  PAGEREF _Toc26594606 \h 10  HYPERLINK \l "_Toc26594607" .'  PAGEREF _Toc26594607 \h 13  HYPERLINK \l "_Toc26594608" " "#   PAGEREF _Toc26594608 \h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մr`rL`A`hZmHnHu&j{h?hRoUmHnHu#jh?hRoUmHnHuh?hRomHnHu2jh?hRo>*B*UmHnHphuh?hRomHnHuh?hRo0JmHnHu$jh?hRo0JUmHnHuh?h I5CJ \aJ #jh?h I5CJ U\aJ h I5CJ$\aJ$h Ih I5CJ$\aJ$ b 0 * @ *B"#*$gd}O?*$gd}O?gdFWdhgd+%#dhgd *$gd}O? $  $ $d*$`a$gd}O?    ( * N P R ̛̦̍{g{\{C0jh?hRo0JOJQJU^JmHnHuhZmHnHu&jqh?hRoUmHnHu#jh?hRoUmHnHuh?hRomHnHuhZ0JmHnHu2jh?hRo>*B*UmHnHphuh?hRomHnHuh?hRo0JmHnHu$jh?hRo0JUmHnHu$h?hRo5;\aJmHnHu " $ V X Z \ ^ ` 빠{c{Ic8c hZOJQJ^JmHnHu2jgh?hRoOJQJU^JmHnHu/jh?hRoOJQJU^JmHnHu&h?hRoOJQJ^JmHnHu!hZ0JOJQJ^JmHnHu0jh?hRo0JOJQJU^JmHnHu>jh?hRo>*B*OJQJU^JmHnHphu#h?hRoOJQJ^JmHnHu'h?hRo0JOJQJ^JmHnHu` b d f $ & ( ϻxdLd2L2j]h?hRoOJQJU^JmHnHu/jh?hRoOJQJU^JmHnHu&h?hRoOJQJ^JmHnHu!hZ0JOJQJ^JmHnHu>jh?hRo>*B*OJQJU^JmHnHphu#h?hRoOJQJ^JmHnHu'h?hRo0JOJQJ^JmHnHu0jh?hRo0JOJQJU^JmHnHu-h?hRo5CJOJQJ\^JmHnHu( * , . 0 2 4 j l n p r ׾aP<<&h?hRoOJQJ^JmHnHu!hZ0JOJQJ^JmHnHu>jh?hRo>*B*OJQJU^JmHnHphu#h?hRoOJQJ^JmHnHu'h?hRo0JOJQJ^JmHnHu-h?hRo5CJOJQJ\^JmHnHu0jh?hRo0JOJQJU^JmHnHu/jh?hRoOJQJU^JmHnHu hZOJQJ^JmHnHu 4 6 8 : N P νΤzl`lFzl8h?hRomHnHu2jh?hRo>*B*UmHnHphuh?hRomHnHuh?hRo0JmHnHu$jh?hRo0JUmHnHu-h?hRo5CJOJQJ\^JmHnHu0jh?hRo0JOJQJU^JmHnHu hZOJQJ^JmHnHu/jh?hRoOJQJU^JmHnHu2jSh?hRoOJQJU^JmHnHuP R   $ & ( * , fREjh?h ICJ U&j?h?hRoUmHnHu2jh?hRo>*B*UmHnHphuh?hRomHnHuh?hRo0JmHnHu$h?hRo5;\aJmHnHu$jh?hRo0JUmHnHuhZmHnHu&jIh?hRoUmHnHuh?hRomHnHu#jh?hRoUmHnHu, . > @ 46 48:FPdfĶĶਝslha]V] h4h6+vhZ h4hZh hjhnh hFW6@CJ aJ h h_6@CJ aJ h h+%#6@CJ aJ h+%#6@CJ aJ hZh+%#6@CJ aJ h hh6@CJ aJ h hn6@CJ aJ h h|6@CJ aJ h hj6@CJ aJ h6+vh6+vh6+v h Ih I!*B##$>$@$*%,%&>&&&''''((((H)J)))))H*J****+Z+\+++B,^,,,6-8---..|.~..@/Z/\/D0F000112233*404|44\5 hh hhh4h4h46]h4h456\] h4h4h6+vh~dO#&'()*B,-.(1123.4`5b55<6R666$d$*$If`a$gdml $*$`a$gd # $*$a$gd *$gd *$gd}O?*$gd}O? & F*$gd}O?\5`5b5d5f55 6$62666:6<6L6N6R66p7r7F9`9b9::::H;J;;;;<N<R<r<<<<<<2=F=J======·}y}}y}y}}u}y}y}hesh#  h_J3h_J3h_J3h_J356\]hmh_J3CJ\aJhmh4CJ\aJh4h45CJ\aJh #h_J356] h #6] hZ6]hh_J36]h h # h4h4h6+vh~dhZ h4hdfh4.66*7p7r7@kd$$Ifl\ I$ [M t0644 la$d$*$If`a$gdmlr777P88,9b999::r::::;J;r;;d$*$If`gd}O?l;;;,>\BElMRX^XRXXXLL*$gdS5(*$gd# *$gd}O?kdK$$Ifl\ I$ [M t0644 la==== > >> >(>,>J>ZB\BBE*ExFFrHHJJJJKK LlMMRRFSNT^TJULUV$WXXXX[[__a@a:c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ʤ2ʧB.BD.0>@ X&<0R ,RTVXZJD <Z8|jȻȻȻȻȻȻȻϪ䦢ȻȻȻȻh6+vh~d h2K2hmh2K256\]h2K2h2K256\] h2K2h2K2h2K2h}O?h2K2h_J356\]hZh_J3h_J3h_J356\] h_J3h_J3<^bfh|~,j6\^`bdxzĻĻĻĻįģzslddddjhZU h]hxu h]h] hh] hhh6+vhhZ h6+vh6+vh Ih(=h h(=6CJ aJ h hc6CJ aJ hZ6CJ aJ h h2K26CJ aJ h2K2h I0J h2K2h6+v0J h 0J hW h}O?h2K2h}O?h2K256\]%f~bz~~%h]hgd # %&`#$gd*$gd}O? & F*$gd*$gd}O? dh*$gd $*$a$gdW h]hxuhB^hZ0J#mHnHuh0 h00J#jh00J#U*$gd}O? "h]h`gd #"h]hgd"S "&`#$gd"S %h]h`gd # %&`#$gd 5 01h:p"S. A!"R#n$n% {DyK  _Toc26594598{DyK  _Toc26594598{DyK  _Toc26594603{DyK  _Toc26594603{DyK  _Toc26594604{DyK  _Toc26594604{DyK  _Toc26594605{DyK  _Toc26594605{DyK  _Toc26594606{DyK  _Toc26594606{DyK  _Toc26594607{DyK  _Toc26594607{DyK  _Toc26594608{DyK  _Toc26594608$$If!vh5 5[5M5 #v #v[#vM#v :Vl t6,5 5[5M5 $$If!vh5 5[5M5 #v #v[#vM#v :Vl t65 5[5M5 &X@X df1KG=K9$`a$ CJOJQJ_HaJmHsHtHj@j +D 03>;>2>: 1$$d<@&a$5CJ$KH OJQJ\^JaJ j@j +D 03>;>2>: 2$$dh<@&a$5CJ"OJQJ\]^JaJ`@` +D 03>;>2>: 3$$<@&a$5CJ OJQJ\^JaJBA@B A=>2=>9 H@8DB 0170F0Xi@X 1KG=0O B01;8F04 l4a .k@. 5B A?8A:0LOL EH8?;><$ & F dha$CJaJlOl M Scamp_1KG=K9"$dd9D[$\$`a$B*OJQJ^Jph6^@6 M 1KG=K9 (251).O". '!",CJ$aJ$@3 3m !5B:0 B01;8FK7:V0$dh`a$T@T  I 3;02;5=85 1 $ha$5;CJ\^JaJP@P  I 3;02;5=85 2 $a$5CJOJQJ\NN  I 3;02;5=85 3$^a$ CJOJQJNN  I 3;02;5=85 4$0^0a$ CJOJQJNN  I 3;02;5=85 5$H^Ha$ CJOJQJNN  I 3;02;5=85 6$`^`a$ CJOJQJNN  I 3;02;5=85 7$x^xa$ CJOJQJNN  I 3;02;5=85 8$^a$ CJOJQJNN  I 3;02;5=85 9$^a$ CJOJQJ:U@: I 8?5@AAK;:0 >*B*phTB@T EA=>2=>9 B5:AB *$`CJOJQJaJNT@N E&8B0B0qd]q^CJOJQJaJZOZ 2K2 =0: =0:.5CJ$KH OJQJ\^J_HaJ mHsHtHHOH j Body Text 31 !1$`CJaJJ @"J "S86=89 :>;>=B8BC; " E$4)@14 "S><5@ AB@0=8FKJBJ c "5:AB 2K=>A:8$CJOJQJ^JaJL@RL #5@E=89 :>;>=B8BC; % E$h !"&!"&!"&!"&!"&!"&!"&!"&! "&! "&! "&! "&! "& "&!"& .'V1;xEUNX]beh  KY-C    Ke  it!ri)JYj(W9CLk."w%D(),0f24:67?8=?-BDE+HHUKVKzKkLMP)RISGVY]]e6fffggohphqhhhhh$$o%$ $$$$$ $$$$$$$$$$$$$$$$$$$Ж$$$5 PSPSuPS PS@M 5 PS5 PS5 PS5 PS5 PS5 PS5 PS5 PS5 PS5 PSPSPSuPSuPS PS PS PS5%$$ $$$ $ $$ $$$$ $$$$ $ $ $$ $$ $$$Ж$$$$ $$$$$N$$$$$$$$$a$$ n1IKe  it!ri)JYj(W9CLk."w%D(),0f24:67?8=?-BDE+HHUKVKzKkLMP)RISGVY]]]ee6fffggohphqhrhthuhwhxhzh{h}h~hhhhhhhhhhhhh00000000000000000000 0 0 0 0 0 0 0 0 000000000000 0 0 0 0 0000000000 00 00 000 0 00000000000000000000000000VK0VK0VK0VK0VK0VK0VK0VK0VK0VK0 0e 0e 0e 0e 0e 0e0k0k0k00000000%0%00%0%00"0"00"0800 %02225 ` ( P , \5=9<=>?@ABCEI#6r7;Xf:DFGHJ; $%DNikln,./1Px(CFGIhth X%X%X%X%X%X%X%̕ !%,5!!!l,b$"Q d5o-X .@0(  B S  ?h _Toc26594598 _Toc26594599 _Toc26594603 _Toc26594604 _Toc26594605 _Toc26594606 _Toc26594607 _Toc26594608VK]ehyK]ehFA@.fh4fhC*urn:schemas-microsoft-com:office:smarttagsmetricconverter ķ 2007 3 ProductIDee[hbhrhh^`:]3&>&w,~,009>?>OOTTUU_aff&h*hrhh j9L&]&VKzKeeMhqhrhhrhh Hc6?wd^l*r2@#|*c`M̤znQ9֡YV՞5 bB݌U}i^R6j.91X~~x@OJQJ^Jo(.,,^,`OJPJQJ^Jo(- ^`OJQJo(o   ^ `OJQJo(   ^ `OJQJo( ll^l`OJQJo(o <<^<`OJQJo(   ^ `OJQJo( ^`OJQJo(o ^`OJQJo(@OJQJ^Jo(.@OJQJ^Jo()h ^`hH.h ee^e`hH.h 5 L5 ^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h uu^u`hH.h EE^E`hH.h L^`LhH.- ZZ^Z`hH.- ee^e`hH.- 5 L5 ^5 `LhH.- ^`hH.- ^`hH.- L^`LhH.- uu^u`hH.- EE^E`hH.- L^`LhH.h ^`hH.h ee^e`hH.h 5 L5 ^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h uu^u`hH.h EE^E`hH.h L^`LhH.h ^`hH.h ee^e`hH.h 5 L5 ^5 `LhH.h ^`hH.h ^`hH.h L^`LhH.h uu^u`hH.h EE^E`hH.h L^`LhH.- ^`hH.- ^`hH.- pLp^p`LhH.- @ @ ^@ `hH.- ^`hH.- L^`LhH.- ^`hH.- ^`hH.- PLP^P`LhH.^`o(. ^`hH.  L ^ `LhH.   ^ `hH. mm^m`hH. =L=^=`LhH.   ^ `hH. ^`hH. L^`LhH. wd^c`M*r2U}i5 bnQX~YV6j BF& .0?dfUTZ?< so  38 W&# #FH," #+%#r}#N&S5( *W-i!.[<.l.]/02K2_J3':G=sH=9?}O?L @ +D.FDHEHepHsLMGN2O-7OjReT0VFWY%YpY]>2]B^_aa~degh"j.mRoz^p`qes t6'v6+vwx9Nx~l~|~a&XxuQ'| I+9(=MB n#+Z Xh| Y.He.Na ,!ikpm3m#o!hMV\"SYch E |3j4kneJYj9Lh@A(+4h`` `UnknownGz Times New Roman5Symbol3& z Arial5& zaTahoma?5 z Courier New;Wingdings"qhfffX5X5n>4d=h=h 3Q HX  2C@A>20O @01>B0 ?> 0@:5B8=3C?B>20O 8 @>7=8G=0O B>@3>2;OScampAdmin4         Oh+'0 , <H h t    Scamp Normal.dotAdmin2Microsoft Office Word@ @ @ @ X՜.+,D՜.+, px $ , x D 5=h'    Title| 8@ _PID_HLINKSA4*3& _Toc265946083  _Toc265946073 _Toc265946063 _Toc265946053 _Toc265946043 _Toc26594603: _Toc26594598  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry F@!Data 1TableFWordDocument7 SummaryInformation(DocumentSummaryInformation8CompObjq  F Microsoft Office Word MSWordDocWord.Document.89q