Company: HFFG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001680873-25-000074
Chunk: 85

Company: HF Foods Group Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 85
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 known as Best Food Services, LLC)Trade1,295 1,136 3,254 4,049 (c)Ocean Pacific Seafood Group, Inc.Trade133 49 247 189 (c)Rainfield Ranches, LPTrade16 64 59 159 Total$1,463 $1,269 $3,644 $4,473 _______________(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.

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SalesBelow is a summary of sales to related parties recorded for the three and nine months ended September 30, 2025 and 2024, respectively:Three Months Ended September 30,Nine Months Ended September 30,(In thousands)2025202420252024(a)ABC Food Trading, LLC$624 $475 $1,548 $1,309 (b)Asahi Food, Inc.166 152 553 439 (a)Conexus Food Solutions LLC (formerly known as Best Food Services, LLC)402 92 1,242 680 (c)First Choice Seafood, Inc.— 7 6 20 (c)Fortune One Foods, Inc.28 44 118 151 (d)Ocean Pacific Seafood Group, Inc.— — 11 — Total$1,220 $770 $3,478 $2,599 _______________(a)An equity interest is held by three Irrevocable Trusts for the benefit of Mr. Zhang’s children.(b)The Company, through its subsidiary Mountain Food, LLC, owns an equity interest in this entity.(c)Mr. Zhou Min Ni owns an equity interest in this entity indirectly through its parent company.(d)Mr. Zhou Min Ni owns an equity interest in this entity.  Lease AgreementsThe Company leases various facilities to related parties.In 2020, the Company renewed a warehouse lease from Yoan Chang Trading Inc. under an operating lease agreement which expired on December 31, 2020. In February 2021, the Company executed a new five-year operating lease agreement with Yoan Chang Trading Inc., effective January 1, 2021 and expiring on December 31, 2025. Rent