Business
HF Foods Announces Filing of 2022 Annual Report and Date of Combined 2022 & 2023 Annual Meeting of Stockholders
Annual Meeting to be held on June 1, 2023 Holding of Annual Meeting Will Resolve Final Pending Nasdaq Delisting Determination LAS VEGAS, March 31, 2023 (GLOBE
About this update from Hf Foods Group Inc.
[{"type":"text","content":"Annual Meeting to be held on June 1, 2023 Holding of Annual Meeting Will Resolve Final Pending Nasdaq Delisting Determination LAS VEGAS, March 31, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States (“HF Foods” or the “Company”), announced today that it has filed its Annual Report on Form 10-K for the year ended December 31, 2022 with the Securities and Exchange Commission. In addition, the Company announced that it will hold its Combined 2022 & 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on June 1, 2023, at 12 p.m. Eastern Time. The Board of Directors of the Company has fixed the close of business on Thursday, April 6, 2023, as the record date for determining the stockholders entitled to notice of and to vote at the Annual Meeting or at any adjournment or postponement thereof. The Company expects that once it holds the Annual Meeting, it will be in full compliance with Nasdaq Listing Rule 5620(a) and resolve the final pending Nasdaq delisting determination. Peter Zhang, HF Foods Chief Executive Officer, said, “The filing of our 2022 Annual Report, scheduling of our Annual Meeting, and expected resolution of the final pending delisting determination, mark a new chapter for our business. We have adopted and instilled a corporate culture founded on integrity and accountability and made significant improvements in our governance, compliance and disclosure practices.” Mr. Zhang continued, “Our need to address and remedy the legacy matters related to our financial disclosures and corporate practices limited the ability to tell our story, which we believe is very compelling. Our Board of Directors and management team have been refreshed with talented and dedicated individuals. Notwithstanding the significant challenges that the Company confronted, our team has maintained their focus and continued to execute on our strategic plan. Over the past two years, the business has grown significantly, as demonstrated by the strong year-over-year sales growth and the continued expansion of our national footprint. We intend to continue this momentum while at the same time invest in people and processes to centralize and optimize operations to drive bottom-line results.” “HF Foods is committed to improving transparency and engagement with our investors...