---
schema_version: "secwatch.filing_event.v1"
accession: "0001680873-24-000040"
form_type: "8-K"
ticker: "HFFG"
cik: "0001680873"
company_name: "HF Foods Group Inc."
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:19:18.169495+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HF Foods settles SEC probe for $3.9M; former execs barred from company

## Summary
- Company consented to cease-and-desist order without admitting or denying findings from false disclosures by former Chairman/CEO Zhou Min Ni and former CFO Jian Ming Ni.
- Civil penalty of $3.9 million; SEC cited company's remedial actions and cooperation in accepting settlement.
- Former executives agreed to pay fines/disgorgement, officer/director bars, and Zhou Min Ni is permanently enjoined from managing or influencing HF Foods.
- Special Litigation Committee previously obtained monetary settlement from former executives ratified by Delaware Chancery Court.
- CEO Peter Zhang stated company is now focused on ethical expansion and operating consistent with its principles.

## SEC filing metadata
- accession: 0001680873-24-000040
- form_type: 8-K
- ticker: HFFG
- cik: 0001680873
- company_name: HF Foods Group Inc.
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680873/000168087324000040/0001680873-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680873/000168087324000040/hffg-20240606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680873-24-000040
- JSON: https://secwatch.observer/filing/0001680873-24-000040.json
- Plain text: https://secwatch.observer/filing/0001680873-24-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.