Company: HFFG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001680873-25-000022
Chunk: 37

Company: HF Foods Group Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 37
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 to the annual base salaries of the NEOs that were effective during fiscal year 2024 as part of the Compensation Committee’s annual review process.

| Name                      |     | 2023 Base Salary Rate ($) |     | 2024 Base Salary Rate ($) |     | % Increase 
 (Decrease) |
| Xiao Mou “Peter” Zhang(1) |     |                   600,000 |     |                   675,000 |     | 13%        |
| Xi “Felix” Lin(2)         |     |                   450,000 |     |                   495,000 |     | 10%        |
| Carlos Rodriguez(3)       |     |                   400,000 |     |                   400,000 |     | —%         |
| Cindy Yao(4)              |     |                       N/A |     |                   375,000 |     | —%         |
| Christine Chang           |     |                   375,000 |     |                   375,000 |     | —%         |

(1) Effective January 25, 2024, the Compensation Committee approved an increase in Mr. Zhang’s salary to $675,000.

(2) Mr. Lin’s salary was increased from $450,000 to $495,000 in connection with his appointment as President of the Company effective February 12, 2024.

(3) Mr. Rodriguez took a leave of absence in February 2024 and departed from his role as Chief Financial Officer in April 2024.

(4) Ms. Yao was appointed Chief Financial Officer effective May 1, 2024.

Effective January 25, 2024, the Compensation Committee approved an increase in Mr. Zhang’s salary to $675,000. Prior to the 2024 increase, Mr. Zhang had not received an increase since being elected as sole CEO in February 2021. On February 9, 2024, the Company appointed Mr. Lin as President and Chief Operating Officer of the Company. Prior to his appointment as President, Mr. Lin served as Chief Operating Officer of the company since May 2022. In connection with his appointment, his base salary was increased to $495,000. Mr. Lin served as Interim Chief Financial Officer, effective as of February 12, 2024, when Mr. Rodriguez went on a leave of absence. Effective April 8, 2024, Mr. Rodriguez departed from the Company, and Mr. Lin