Our company, composed of leading members in the commercial real estate sector in Korea,
has achieved a remarkable track-record of logistics real estate developments and operations over the past years.

Since March 2015, we have accumulated our real estate experience in various sectors from
investment & development to operation. This unique history of versatile experience has evolved into our company’s core strength. It has also given us market insights and resources through a vast network of investors and stakeholders.

We seek to accomplish following visions:

Contribution to local logistics market

• Nurturing the local market and its growth through our proactive investment on logistics properties and integration & operation of the most advanced logistics system

Provision of best opportunities

• Identifying and acquiring high-quality assets and portfolios with favorable finance on a long-term and
  low-risk basis for our global and local investors

Local leader in logistics real estate solutions

• Evolving into a total logistics real estate provider as competitive as global leading real estate companies
  based on our core strength

ESG responsible business

• Supporting social contributions of our stakeholders and investors with our extended outperformance
  in non-financial aspects such as E(Environment), S(Social) and G(Governance) when investing/
  developing/operating logistics properties

Our excitement on where this journey will take us next gives us glimpses of inspiration to move forward.
I am grateful for this privilege of writing to you about ADF’s outlook for the future,
and I want to thank you for your continued support.

Sincerely,

Chang Hyun Kim          
Chief Executive Officer