As used in this Form 10-K, unless otherwise indicated, the terms "we," "our,"
"us," "Company" and "Asia Cork" refer to ASIA CORK, INC., a Delaware
corporation, (formerly known as Hankersen International Corp.), its wholly-owned
subsidiary, Hanxin (Cork) International Holding Co., Ltd., a Company organized
in the British Virgin Islands ("Hanxin International"), Xi'An Cork Investments
Consultative Management Co., Ltd., a Company organized in the People's Republic
of China ("Xi'An") and Xian Hanxin Science and Technology Co., Ltd. ("Hanxin"),
over which the Company owns a 92% equity interest and that was organized in the
People's Republic of China, and Cork Import and Export Co., Ltd., a subsidiary
in which Hanxin owns a 75% equity interest and which was organized in the
People's Republic of China ("Cork I&E"). "China" or "PRC" refers to the People's
Republic of China. "RMB" or "Renminbi" refers to the legal currency of China and
"$" or "U.S.