# related‑party transaction

State‑TV ‘3·15’ Exposé Names Duofuduo Subsidiary in Bleached‑Chicken‑Feet Scandal, Raising Governance and Regulatory Risks

CCTV’s consumer‑rights programme named Henan Yifeng, a 54%‑owned subsidiary of listed chemical firm Duofuduo, in an exposé on hydrogen peroxide being used to bleach chicken feet. Duofuduo says Yifeng is properly licensed, accounts for under 1% of group revenue and has no business ties to the processors named, but the related‑party acquisition and state‑TV attention raise governance, reputational and regulatory risks.