HF Foods Adopts Limited Duration Stockholder Rights Plan

HF Foods Group Inc. (NASDAQ: HFFG) announced the adoption of a limited duration stockholder rights plan in response to credible indications of undisclosed stock accumulation and coordinated group formation activities aimed at gaining control. The rights plan will be triggered if any entity acquires 15% or more of outstanding common stock without board approval, entitling other shareholders to purchase additional shares at a discount. The plan expires June 10, 2027, and does not prevent the board from considering acquisition proposals deemed beneficial to shareholders.