HF Foods Group Business Summary

HF Foods Group Inc. (HFFG) is a leading distributor of international foodservice solutions, primarily serving over 15,000 independent Asian restaurants and international foodservice customers across 95% of the contiguous United States. The company generates revenue through a high-volume wholesale distribution model, supplying more than 2,000 products across three primary business segments: Meat & Poultry, Seafood, and Asian Specialty items (including fresh produce, dry goods, and packaging). HFFG leverages a network of 16 distribution centers and a fleet of over 400 vehicles to maintain its position as the undisputed market leader in the niche Asian specialty food sector. While it operates on a smaller scale than broadline giants like Sysco Corporation, US Foods Holding Corp., and Performance Food Group, HFFG differentiates itself through deep cultural expertise, bilingual capabilities, and a specialized global procurement network tailored to ethnic cuisine requirements. Originally founded in 1997 by Zhou Min Ni as Han Feng Inc., the company underwent a significant professionalization of its leadership following a 2019 merger with B&R Global and subsequent management restructuring. The current executive team is led by President and CEO Xi "Felix" Lin, a finance veteran who previously served as the company’s COO, and Chief Financial Officer Paul McGarry, who was appointed to the permanent role in January 2026. The leadership is supported by a board of directors featuring seasoned industry experts, including Audit Committee Chair Dennis Lam, a former BDO audit partner, and Compensation Committee Chair Jeffery Taylor, the former CFO of Franklin Electric. The company maintains a strong institutional investor base, with notable positions held by JPMorgan Chase, Goldman Sachs, and Vanguard Group, as it continues to execute a digital transformation strategy centered on unified ERP systems and e-commerce expansion.