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01   INTRODUCTION
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                                            Welcome to KNT CARGO Co., Ltd.


                                            I hope year 2016 has been meaningful and valuable for all of you.


                                            Thanks to the support from our clients and partners, we were able to
                                            provide more mature and secure service than before.


                                            This year’s Annual Report shows all about capturing our dynamic
                                            performance during 2016. You will find our successful projects carried in
                                            Middle East, CIS region, North America and Korea that covered our project

                                            shipment which is performed in Azerbaijan and Kuwait, heavy lift and
                                            triangle transport in land and sea.


                                            We hope you can see our determined and boundary-pushing minds on
                                            every page of this report, also made a remarkable progress in 2016, but we
                                            know we still have a demanding road ahead to become a strong company.


                                            To achieve our goal, we will take action to secure competitiveness and to

                                            support the success of our customers in logistics and transport. In line with
                                            our business plan, we also will take steps to improve our operations and
                                            connections to Iran and CIS regions.


                                            KNT Cargo's motto, "Honesty, Accuracy and Cleanliness" motivate us to run
                                            business transparently and form our company's culture as well. Based on

                                            our motto, we promise to be your best partner in challenging environments
                                            of year 2017.


                                            Thanks you for your support and confidence now and in the future.






                                            Kang, Nam Myoung
                                            CEO














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