Xizi United Holding Corporation (001332.SZ) plans to establish a subsidiary in South Korea to expand its overseas market.

Wisdom Financial News APP, Xizhuang Stock (001332.SZ) announced that the company's board of directors has approved the establishment of a wholly-owned subsidiary WCE CO., LTD. in South Korea with its own funds not exceeding $100,000. The management team is authorized to handle the specific matters of the establishment of the South Korean wholly-owned subsidiary. This move will help further expand the overseas market and improve the company's business layout.