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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People’s Financial News, March 16 — Duofuduo (002407) issued a statement on March 16 regarding media reports. The company noted that CCTV’s “3.15” program team reported that their investigation found Sichuan Shufuxiang Food Co., Ltd., Chongqing Zengqiao Food Co., Ltd., and others used hydrogen peroxide for bleaching and soaking chicken feet during production. This involved the hydrogen peroxide sales business of Henan Yifeng Electronic New Materials Co., Ltd. (referred to as “Yifeng Electronic”). Yifeng Electronic is a subsidiary of Duofuduo Holdings. After verification, the company confirmed that Yifeng Electronic has not established any form of business cooperation, brand authorization, or product manufacturing relationship with Sichuan Shufuxiang Food Co., Ltd., Chongqing Zengqiao Food Co., Ltd., or other entities mentioned in the media report. Their production and sales activities are unrelated to the company and its subsidiaries.

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