Company: HFFG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001680873-25-000022
Chunk: 4

Company: HF Foods Group Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 4
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 ERP platform to twelve of our fifteen sites, with full implementation on track for completion in 2025. This technological foundation will be instrumental in unlocking the full potential of our centralized purchasing capabilities.

Strategic investments in facility enhancements remain a key priority, including the ongoing renovation of our Charlotte distribution center set for completion in 2025. This modernized facility will serve as a cornerstone in our enhanced distribution network, enabling shorter delivery routes and reduced drive times across our Southeast operations. Together with our new Atlanta facility project, these investments will significantly expand our Southeast presence and create meaningful organic growth opportunities from a cross-selling perspective.

#### Addressing Tariffs
As you may know, the US has enacted new tariff policies with a vast majority of its trading partners recently. At HF Foods, the management team has been in close communication with our international vendors since January on how to navigate this dynamic change. While there will undoubtedly be some disruptions, I am encouraged by the openness and willingness of our vendors to work with us on minimizing the impact on HF Foods and ultimately, our customers. Many of our vendors have already agreed to absorb some of the tariffs. Even though there is some uncertainty about how long the tariffs will eventually last, I am confident that we will be able to effectively navigate this change like we have done in the past during the pandemic. Our agility and our customers’ ability to adjust is one of our biggest strengths. It is one of the key elements to our success.

#### Looking Ahead
Working under the framework of “One Team, One HF” – in 2025, we remain committed to the long-term vision of our plan and are actively expanding into high-growth channels such as specialty grocery and e-commerce to diversify our revenue streams. We're preparing to unveil our new e-commerce platform, which we believe represents a significant growth opportunity, particularly for next-generation restaurant operators. Our ability to execute on

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these initiatives while continuing to deliver financial results is a testament to the underlying strength of our core fundamentals.

Our vision at HF Foods is to bring people together through food in a space that has historically been underserved, and the enormous strides we have made on our plan in the past year have uniquely positioned us to capitalize on the substantial growth opportunities within the Asian foodservice sector and beyond. While 2025 is a year of strategic investment for HF, the forward momentum provided by the progress on our transformation plan will continue to drive us to deliver sustained value to our shareholders.

The fundamental drivers of our business—the growing demand