HF Foods Group Announces the Appointment of BDO as Impartial Accountant
Metropolis OF Business, Calif., Sept. 10, 2021 (World NEWSWIRE) — HF Food items Team Inc. (NASDAQ: HFFG), a major meals distributor to Asian/Chinese dining establishments across the Southeast, Pacific and Mountain West regions of the United States (“HF Group” or the “Company”), announces the appointment of BDO United states of america, LLP (“BDO”) as the Company’s independently registered community accounting agency as of September 8, 2021.
As element of the Company’s ongoing hard work to strengthen and increase the conventional of its financial reporting, inner controls and company governance, the Audit Committee (the “Committee”) of the Board of Directors of HF Team executed a competitive assortment approach to decide the Company’s independent registered general public accounting agency for the fiscal 12 months ending December 31, 2021. As a outcome, the Committee picked and authorized the appointment of BDO Usa, LLP (“BDO”) as the Company’s impartial registered general public accounting company for the fiscal year ending December 31, 2021, and the Company formally engaged BDO on September 8, 2021. The Business terminated the engagement of its former independent registered public accounting company, Friedman LLP (“Friedman”) as of September 8, 2021.
Mr. Felix Lin, Chairman of the Audit Committee of the Board of Administrators reported: “On behalf of the Organization, we are energized to interact BDO, an internationally renowned and major tier Public Accounting company as our general public accountants. I look ahead to operating with BDO to assessment and improve our financial reporting conventional, inner controls and governance procedures.”
About HF Foods Team Inc.
HF Foodstuff Group Inc., headquartered in Metropolis of Field, California, is a top marketer and distributor of fresh new deliver, frozen and dry foodstuff, and non-foods merchandise to principally Asian/Chinese places to eat and other foodservice buyers all through the Southeast, Pacific and Mountain West areas of the United States. With 14 distribution centers along the U.S. jap and western seaboards, HF Foodstuff aims to offer the raising demand for Asian American restaurant cuisine. With an in-residence proprietary buying and inventory regulate network, extra than 10,000 established consumers in 21 states, and potent relations with growers and suppliers of foods merchandise in the US and China, HF Food items Team is able to offer refreshing, high-high-quality specialty cafe food items and provides at inexpensive selling prices to its large and escalating foundation of prospects. For additional details, you should check out www.hffoodsgroup.com.
Forward-Looking Statements
All statements in this information launch other than statements of historical points are forward-seeking statements which have our present-day expectations about our long term effects. We have attempted to recognize any ahead-searching statements by working with words and phrases these types of as “anticipates,” “believes,” “could,” “expects,” “intends,” “may,” “should” and other similar expressions. Even though we consider that the anticipations mirrored in all of our forward-on the lookout statements are reasonable, we can give no assurance that this sort of expectations will prove to be correct. These statements are not assures of long term effectiveness or functions and are issue to recognised and not known pitfalls and uncertainties that could result in the Company’s real success, situations or economical positions to vary materially from those people provided within just or implied by these kinds of forward-wanting statements. Such factors involve, but are not restricted to, unfavorable macroeconomic circumstances in the United States, competitiveness in the foodstuff service distribution field, especially the entry of new rivals into the Chinese/Asian cafe market area of interest, raises in fuel expenses or commodity costs, disruption of relationships with sellers and will increase in products costs, U.S. federal government tariffs on goods imported into the United States, specifically from China, alterations in customer ingesting and eating out behaviors, disruption of interactions with or loss of clients, our skill to execute our acquisition approach, availability of financing to execute our acquisition system, failure to retain our senior administration and other essential personnel, our skill to draw in, teach and retain workforce, alterations in and enforcement of immigration legislation, failure to comply with many federal, condition and nearby procedures and rules with regards to foods safety, sanitation, transportation, minimum amount wage, overtime and other well being and security legislation, merchandise recollects, voluntary recollects or withdrawals if any of the items we distribute are alleged to have brought on illness, been mislabeled, misbranded or adulterated or to in any other case have violated applicable govt polices, failure to shield our intellectual home legal rights, any cyber stability incident, other engineering disruption, or hold off in applying our data technology methods, statements of assumption underlying any of the foregoing, and other things disclosed underneath the caption “Risk Factors” in our Once-a-year Report on Sort 10-K for the 12 months ended December 31, 2020 and other filings with the SEC. Viewers are cautioned not to location undue reliance on these forward-hunting statements, which talk only as of the date produced. Other than as expected by law, we undertake no obligation to disclose any revision to these forward-searching statements.
Investor Relations Speak to:
Gateway Investor Relations
Cody Slach
Tel 1-949-574-3860
[email protected]
