Donflon: Yifeng Electronics has not established any form of business cooperation, brand authorization, or product production relationships with Shufuxiang, Zengqiao Food, or other entities.

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On March 16, Duofuduo announced that the company has noticed a report by CCTV’s “3.15” program team. Their investigation found that Sichuan Shufuxiang Food Co., Ltd., Chongqing Zengqiao Food Co., Ltd., and others used hydrogen peroxide for bleaching and swelling during chicken claw production, involving Henan Yifeng Electronic New Materials Co., Ltd. (hereinafter referred to as “Yifeng Electronic”) in the sale of hydrogen peroxide.

After self-inspection and verification: Yifeng Electronic is a subsidiary of Duofuduo Holdings. In 2025, its operating revenue was 31.152 million yuan, with a net profit of -3.3872 million yuan, accounting for a low proportion of the company’s consolidated revenue and net profit, with revenue share less than 1% (2025 data unaudited). The company’s business scope includes: production of hazardous chemicals; production of food additives; hazardous chemicals operation; production of food detergents; production of disinfectants (excluding hazardous chemicals) (projects requiring approval according to law can only be operated after approval by relevant departments; specific business projects are subject to approval documents or permits). General projects: import and export of goods; sale of disinfectants (excluding hazardous chemicals); sale of food detergents; technical services, technical development, technical consulting, technical exchanges, technology transfer, and technology promotion (except projects requiring approval by law, operated lawfully with business license). Yifeng Electronic has legally obtained all necessary operating licenses, including Business License, Food Production License, Hazardous Chemicals Operation License, and Disinfectant Production Enterprise Hygiene License. The qualification documents are genuine and valid, and hydrogen peroxide (double oxygen water) production and operation activities are carried out strictly within the scope of the permits.

The company’s investigation shows that Yifeng Electronic has not established any form of business cooperation, brand authorization, or product production relationship with Sichuan Shufuxiang Food Co., Ltd., Chongqing Zengqiao Food Co., Ltd., or other entities reported by the media. Its production and sales activities are unrelated to the company and its subsidiaries. The company will actively cooperate with government regulatory authorities to verify relevant matters and fulfill necessary information disclosure obligations. Investors are advised to pay attention to investment risks.

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