HF Foods Group Management

Management criteria checks 2/4

HF Foods Group's CEO is Felix Lin Lin, appointed in May 2022, has a tenure of 2.5 years. total yearly compensation is $1.38M, comprised of 32.6% salary and 67.4% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth €451.61K. The average tenure of the management team and the board of directors is 2.5 years and 0.4 years respectively.

Key information

Felix Lin Lin

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	32.6%
CEO tenure	2.5yrs
CEO ownership	0.2%
Management average tenure	2.5yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Felix Lin Lin's remuneration changed compared to HF Foods Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$2m
Jun 30 2024	n/a	n/a	US$4m
Mar 31 2024	n/a	n/a	US$3m
Dec 31 2023	US$1m	US$450k	-US$2m
Sep 30 2023	n/a	n/a	-US$8m
Jun 30 2023	n/a	n/a	-US$14m
Mar 31 2023	n/a	n/a	-US$9m
Dec 31 2022	US$2m	US$286k	US$460k
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$25m
Mar 31 2022	n/a	n/a	US$24m
Dec 31 2021	US$165k	n/a	US$22m
Sep 30 2021	n/a	n/a	US$13m
Jun 30 2021	n/a	n/a	US$5m
Mar 31 2021	n/a	n/a	-US$2m
Dec 31 2020	US$45k	n/a	-US$344m
Sep 30 2020	n/a	n/a	-US$343m
Jun 30 2020	n/a	n/a	-US$341m
Mar 31 2020	n/a	n/a	-US$336m
Dec 31 2019	US$5k	n/a	US$5m

Compensation vs Market: Felix Lin's total compensation ($USD1.38M) is above average for companies of similar size in the German market ($USD786.80K).

Compensation vs Earnings: Felix Lin's compensation has been consistent with company performance over the past year.

CEO

Felix Lin Lin (35 yo)

2.5yrs

Tenure

US$1,381,438

Compensation

Mr. Xi Lin, also known as Felix Lin, is the President of HF Foods Group Inc. since February 12, 2024 and has been the Chief Operating Officer of HF Foods Group Inc. since May 01, 2022 and serves as its Int...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Xi Lin	Interim CEO	2.5yrs	US$1.38m	0.25% € 451.6k
Christine Chang	General Counsel & Chief Compliance Officer	3.2yrs	US$984.78k	0.14% € 253.5k
Cindy Yao	Chief Financial Officer	less than a year	no data	no data

2.5yrs

Average Tenure

Experienced Management: 3GX's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Xiao Mou Zhang	Director	5yrs	US$2.15m	6.59% € 11.9m
Charlotte Westfall	Independent Director	less than a year	no data	no data
Lisa Lim	Independent Director	less than a year	no data	no data
Maria Ross	Director	less than a year	no data	no data
Yujie Wang	Independent Director	less than a year	no data	no data

0.4yrs

Average Tenure

Experienced Board: 3GX's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.

HF Foods Group Management

Management criteria checks 2/4

Key information

Recent management updates

HF Foods Group Inc. Announces Chief Executive Officer Changes

High number of new and inexperienced directors

HF Foods Group Inc. Announces Board Changes

High number of new and inexperienced directors

HF Foods Group Inc. Announces Board Changes

HF Foods Group Inc. Announces Board Appointments

Recent updates

Third quarter 2024 earnings released: US$0.075 loss per share (vs US$0.035 profit in 3Q 2023)

HF Foods Group Inc. Announces Chief Executive Officer Changes

Investor sentiment improves as stock rises 21%

Second quarter 2024 earnings released: EPS: US$0 (vs US$0.016 loss in 2Q 2023)

Investor sentiment deteriorates as stock falls 16%

HF Foods Group Inc. to Report Q2, 2024 Results on Aug 06, 2024

High number of new and inexperienced directors

Investor sentiment improves as stock rises 32%

HF Foods Group Inc. Announces Board Changes

Investor sentiment deteriorates as stock falls 15%

High number of new and inexperienced directors

HF Foods Group Inc. Announces Board Changes

HF Foods Group Inc. Announces Board Appointments

HF Foods Group Inc. to Report Q1, 2024 Results on May 08, 2024

HF Foods Group Inc., Annual General Meeting, Jun 03, 2024

HF Foods Group Inc. Announces Departure of Carlos Rodriguez, Chief Financial Officer

HF Foods Group Inc. announced delayed annual 10-K filing

Full year 2023 earnings released: US$0.04 loss per share (vs US$0.009 profit in FY 2022)

HF Foods Group Inc. to Report Q4, 2023 Results on Mar 14, 2024

HF Foods Group Inc. Appoints Felix Lin as President of the Company

New major risk - Share price stability

Third quarter 2023 earnings released: EPS: US$0.035 (vs US$0.072 loss in 3Q 2022)

HF Foods Group Inc. to Report Q3, 2023 Results on Nov 09, 2023

HF Foods Group Inc. to Report Q3, 2023 Results on Nov 09, 2023

CEO & Director recently bought €106k worth of stock

CEO & Director recently bought €245k worth of stock

CEO & Director recently bought €201k worth of stock

Second quarter 2023 earnings released: US$0.016 loss per share (vs US$0.085 profit in 2Q 2022)

New minor risk - Share price stability

HF Foods Group Inc.(NasdaqCM:HFFG) dropped from Russell 2000 Value-Defensive Index

Irrevocable Trust Withdraws its Slate of Nominees to the Board of HF Foods Group Inc

First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.058 profit in 1Q 2022)

Irrevocable Trust for Raymond Ni Issues a Statement with HF Foods Group Inc

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$0.009 (vs US$0.43 in FY 2021)

Investor sentiment deteriorates as stock falls 18%

HF Foods Group Receives Written Notice from Nasdaq Regarding Not in Compliance Due to Failure to Hold an Annual Meeting of Shareholders

HF Foods Group Inc. Appoints Ms. Prudence C. Kuai as Member of the Board

HF Foods Receives Notification Letter of Non-Compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLC

HF Foods Group Inc. announced delayed 10-Q filing

High number of new directors

HF Foods Group Inc. Announces Resignation of Jose Maroto from the Board of Directors

HF Foods Receives Staff Delisting Determination from the Listing Qualifications Department of Nasdaq

HF Foods Group Receives A Notification Letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC

HF Foods Group Inc. announced delayed 10-Q filing

HF Foods Group Inc. Appoints Carlos A. Rodriguez as Chief Financial Officer, Effective on or Before August 1, 2022

HF Foods Group Inc Appoints Jose Maroto to its Board of Directors

HF Foods Group Receives Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC

HF Foods Group Inc. announced delayed 10-Q filing

HF Foods Group Inc. (NasdaqCM:HFFG) entered into an agreement to acquire Substantially All of the Assets of Sealand Food, Inc. for $20 million.

HF Foods Group, Inc. Appoints Xi Lin as Chief Operating Officer, Effective May 1, 2022

HF Foods Group Inc. Receives Notification Letter from Listing Qualifications Department of the Nasdaq

HF Foods Group Inc. (NasdaqCM:HFFG) acquired Business operations of Great Wall Group from Great Wall Seafood Supply, Inc., Great Wall Restaurant Supplier, Inc. and First Mart Inc.

Investor sentiment improved over the past week

Investor sentiment improved over the past week

High number of new and inexperienced directors

Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.012 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.069 (vs US$0.078 loss in 2Q 2020)

HF Foods Group Inc. (NasdaqCM:HFFG) acquired remaining 33% stake in Kirnland Food Distribution, Inc. from Ki Tai Yeung for $5 million.

First quarter 2021 earnings released: EPS US$0.029 (vs US$6.52 loss in 1Q 2020)

Full year 2020 earnings released: US$6.58 loss per share (vs US$0.20 profit in FY 2019)

Hf Foods Group Inc. Announces Management Changes

Chairman & Co-CEO Zhou Ni has left the company

New 90-day high: €7.00

Third quarter 2020 earnings released: US$0.012 loss per share

First half earnings released

CEO Compensation Analysis

CEO