Company: HFFG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001628280-25-039583
Chunk: 81

Company: HF Foods Group Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 81
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2025 and 2024, respectively:Three Months Ended June 30,Six Months Ended June 30,(In thousands)Nature2025202420252024(a)Asahi Food, Inc.Trade$40 $29 $65 $56 (b)Conexus Food Solutions LLC (formerly known as Best Food Services, LLC)Trade935 1,763 1,959 2,913 (c)Ocean Pacific Seafood Group, Inc.Trade41 60 114 140 (c)Rainfield Ranches, LPTrade22 38 43 95 Total$1,038 $1,890 $2,181 $3,204 _______________(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 months ended June 30, 2025 and 2024, respectively:Three Months Ended June 30,Six Months Ended June 30,(In thousands)2025202420252024(a)ABC Food Trading, LLC$497 $431 $924 $834 (b)Asahi Food, Inc.235 148 387 287 (a)Conexus Food Solutions LLC (formerly known as Best Food Services, LLC)498 335 840 588 (c)First Choice Seafood, Inc.— 6 6 13 (c)Fortune One Foods, Inc.62 91 90 107 (d)Ocean Pacific Seafood Group, Inc.11 — 11 — Total$1,303 $1,011 $2,258 $1,829 _______________(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