HF Foods appoints Felix Lin as permanent CEO effective Jan 1, 2025

HF Foods Group Inc.

Xi (Felix) Lin named permanent CEO, effective Jan 1, 2025; previously interim CEO, COO, President.
Employment Agreement: base salary $675,000, annual bonus target 125% of base, one-time PSU grant of $1M contingent on stock price.
Severance: if termination without cause/good reason within 3 years, 36 months base salary; thereafter prorated bonus.
Additional appointments: Jason White as SVP People & Technology, Paul Guan as VP Distribution Center Operations.
Lin to be nominated to Board in June 2025 election.

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