Company: HFFG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001680873-25-000022
Chunk: 31

Company: HF Foods Group Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 31
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, and consistent with NASDAQ rules, the Special Transactions Committee has adopted written transaction policies and procedures relating to approval or ratification of transactions with Related Parties. Our management, internal auditors, and legal counsel are obligated to report at the earliest practicable time the proposal or negotiation of, and all material information related to, every such transaction directly to the Special Transactions Committee for its review. In accordance with these policies and procedures, the Special Transactions Committee determines whether a related person has a material interest in a transaction. Following such determination, the Special Transaction Committee has the sole discretion to approve the execution and delivery by the Company, or any subsidiary of the Company, of any agreement or instrument which comprises, memorializes or is ancillary to any such Related Party transaction.

### COMPENSATION DISCUSSION AND ANALYSIS
This Compensation Discussion & Analysis (“CD&A”) sets forth the Company’s executive compensation philosophy, practices and decisions for the fiscal year 2024 for its named executive officers (“NEOs”) listed below and included in the Summary Compensation Table.

| Name                   |     | Positions Held with the Company During 2024                                                                |
| Xiao Mou “Peter” Zhang |     | Former Chief Executive Officer(1)                                                                          |
| Xi “Felix” Lin         |     | President and Chief Operating Officer, Interim Chief Financial Officer, Interim Chief Executive Officer(2) |
| Carlos Rodriguez       |     | Former Chief Financial Officer(3)                                                                          |
| Cindy Yao              |     | Chief Financial Officer(4)                                                                                 |
| Christine Chang        |     | General Counsel and Chief Compliance Officer                                                               |

(1) On October 24, 2024, the Company terminated Mr. Zhang as Chief Executive Officer of the Company, without cause, effective immediately. Mr. Zhang’s termination is not due to any disagreement with the Company regarding its financial reporting, policies or practices. Mr. Zhang currently serves as a director on the Board of Directors and is not standing for re-election at the Annual Meeting.

(2) Mr. Lin served as Chief Operating Officer from May 1, 2022 to December 31, 2024. On February 9, 2024, the Company appointed Mr. Lin as President effective February 12, 2024. Mr. Lin also served as the Company’s Interim Chief Financial Officer from February 12, 2024 until Ms. Yao’s appointment as Chief Financial Officer on May 1, 2024. On October 24, 2024, Mr. Lin was