September 13, 2018: Greensboro NC: (Nasdaq symbol: HFFG) Management of HF Foods Group Inc. and its operating subsidiaries, including Han Feng Inc., Truse Trucking and Morning First Delivery is carefully assessing the potential impact of Hurricane Florence on the Company and its operations, as well as its suppliers and customer and community. The storm and its lingering aftermath could have an impact on the Company’s ability to deliver to customers and to receive inventory from suppliers.
The Company is implementing communications with our employees and customers starting this afternoon. Messages will be sent to all staff and field employees by email and phone. Field staff should expect emails, texts or phone calls this afternoon that they may not recognize at first. In addition, we will communicate separately with office/administrative staff in order to communicate internally.
Also, we are going to contact all customers in affected areas to determine their plans for operations in view of the storm and to notify them of the ways in which our deliveries and their orders may be impacted by the weather conditions.
All offices and facilities will remain open until further notice with one caveat. At no time is an HF Foods Group employee directed, requested, or expected to put him/herself in harm’s way for any reason; business or otherwise. As a company, are utmost concern is for the safety of our customers, suppliers and employees.
About HF FOODS GROUP INC.
HF Foods Group Inc and its subsidiaries, including, HF Group Holding Corporation operate as a food service distributor for Chinese restaurants and other businesses. The company was founded in 2018 and is based in in Greensboro, North Carolina. Zhou Min Ni and his wife, Chan Sin Wong, co-founded Han Feng Inc., one of HF Group Holding Corporation’s subsidiaries, in Kernersville, North Carolina in 1997 and have since opened three distribution centers in North Carolina, Florida and Georgia. HF Foods Group currently employs approximately 400 people and distributes its products to a network of 3,200 Chinese restaurants across 10 states.
This press release contains forward-looking statements regarding our future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, forecasts and assumptions concerning future events or circumstances. Forward-looking statements may include “anticipate”, “believe”, “continue”, “estimate”, “should”, “expect”, “may”, “intended”, “will”, “plan”, ” hope” and similar expressions, but the absence of these terms does not mean that the statements are not forward-looking. Forward-looking statements may include information about the expected benefits of HF Foods Group regarding the transaction, future financial performance after the transaction, changes in future operating results, expansion plans and opportunities. These forward-looking statements are based on available information as of the date of this report, as well as current expectations, forecasts and assumptions, and involve many judgments, risks and uncertainties. The risks and uncertainties involved in these statements may cause the expected representations of forward-looking statements to differ materially from actual results and events. Factors that may cause a forward-looking statement to be inconsistent with actual results include, but are not limited to, the overall economic environment; market conditions in which HF Foods Group conducts business; behavior of customers, suppliers and industry competitors; the ability of HF Foods Group to manage and expand its business and the ability to develop new business; the laws, taxation and rules affecting the business of HF Foods Group; the risks and uncertainties associated with the acquisition, mergers and financing, and other risks and uncertainties more fully detailed under the caption “Risk Factors” in the Company’s filings under the Securities Act of 1933 and the Securities Exchange Act of 1934 and elsewhere. The above factors do not cover all situations. HF Foods Group has no intention or obligation to update or revise any forward-looking statements, whether as a result of up-to-date information, future events or otherwise. You should not place undue reliance on these forward-looking statements.