Company: HFFG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001680873-25-000006
Chunk: 113

Company: HF Foods Group Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 113
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 food and related products to restaurants and other retailers and (ii) the supply of fresh food, frozen food, and packaging supplies to distributors.

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The related party transactions as of December 31, 2024 and December 31, 2023 and for the years ended December 31, 2024, 2023 and 2022, are identified as follows:Related Party Sales, Purchases, and Lease AgreementsPurchasesBelow is a summary of purchases of goods and services from related parties recorded for the years ended December 31, 2024, 2023 and 2022, respectively:Year Ended December 31,(In thousands)Nature202420232022(a)Asahi Food, Inc.Trade$97 $71 120 (b)Conexus Food Solutions LLC (formerly known as Best Food Services, LLC)Trade5,055 8,581 10,514 (c)Eastern Fresh NJ, LLCTrade— — 1,093 (c)Enson Seafood GA, Inc. (formerly “GA-GW Seafood, Inc.”)TradeN/A37 52 (d)First Choice Seafood, Inc.Trade— — 134 (d)Fujian RongFeng Plastic Co., LtdTrade— — 372 (e)North Carolina Good Taste Noodle, Inc.TradeN/AN/A7,227 (c)Ocean Pacific Seafood Group, Inc.Trade257 381 589 (c)Rainfield Ranches, LPTrade186 134 147 OthersTrade— — 13 Total$5,595 $9,204 $20,261 _______________(a)The Company, through its subsidiary Mountain Food, LLC, owns an equity interest in this entity.(b)An equity interest is held by three Irrevocable Trusts for the benefit of Mr. Zhang’s children.(c)Mr. Zhou Min Ni owns an equity interest in this entity. Enson Seafood GA, Inc. is no longer considered a related party as of January 1, 2024 since Mr. Zhou Min Ni disposed his equity interest in this entity.(d)Mr. Zhou Min Ni owns an equity interest in this entity indirectly through its parent company.(e)No longer considered a related party as of January 1, 2023 since it has been three years since Mr. Jian Ming Ni, a former executive, resigned from the Company. As a result, amounts have