Pinnacle Food Group Limited Appoints Dr. Yunhao Chen as Chief Financial Officer

Pinnacle Food Group (Nasdaq: PFAI) dismissed Chief Financial Officer Wencai Pan and appointed Dr. Yunhao Chen as CFO, effective June 1, 2026.

Rhea-AI Summary

Pinnacle Food Group (Nasdaq: PFAI) dismissed Chief Financial Officer Wencai Pan and appointed Dr. Yunhao Chen as CFO, effective June 1, 2026.

Dr. Chen brings extensive public company CFO experience, U.S. GAAP and SEC reporting expertise, IPO leadership, and previously served as an independent director of Pinnacle Food Group.

Positive

• Appointment of experienced public company CFO Dr. Yunhao Chen
• New CFO has IPO leadership and SEC reporting expertise
• CFO previously served as independent director, supporting continuity in oversight

Negative

• Dismissal of prior CFO may signal leadership transition risk
• Loss of an independent director as Chen moves into management

Argus Jun 5 session

+5.81% close to close Open Argus

Details

News Market Reaction – PFAI

In the Jun 5 session, PFAI gained 5.81%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.8% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +5.8% in the session following this news. A strong positive reaction aligns with the company’s pattern of favorable responses to strategic updates, such as prior bio‑engineering milestones that lifted shares by up to 6.79%. The CFO appointment brings deep U.S. GAAP and SEC reporting experience to a business that recently disclosed a US$1.9 million net loss and going‑concern risks. Investors should monitor upcoming disclosures and capital-raising steps as the new finance leadership integrates with the “Dual-Engine” growth plan.

Key Figures

Net loss: US$1.9 million Accumulated deficit: US$1.1 million Cash balance: US$0.9 million +5 more

Net loss

US$1.9 million

Year ended Dec 31, 2025 (20-F)

Accumulated deficit

US$1.1 million

As of Dec 31, 2025 (20-F)

Cash balance

US$0.9 million

As of Dec 31, 2025 (20-F)

Current liabilities

US$2.4 million

As of Dec 31, 2025 (20-F)

CEO indirect holdings

380,000 Class A Common Shares

Form 3 filing for CEO You Jiulong

COO direct holdings

95,000 Class A Common Shares

Form 3 filing for COO Yu Cuihang

Share price

3.7331

Pre-news current price for PFAI

Market cap

44,600,178

Pre-news market capitalization for PFAI

Historical Context

5 past events · Latest: Apr 20

5 events

1. Apr 20

   MOU for yeast hub

   24h Move

   +2.3%

   Subsidiary signed non-binding MOU for Open Yeast Platform hub in Hong Kong.

2. Apr 15

   Bioengineering milestone

   24h Move

   +1.0%

   Announced recombinant human lactoferrin production using methanol-free Pichia method.

3. Mar 13

   Investor Day strategy

   24h Move

   -3.3%

   Presented Dual-Engine growth strategy and M&A approach at virtual Investor Day.

4. Mar 02

   Investor Day announcement

   24h Move

   +2.2%

   Announced schedule and access details for Investor Day and non-deal roadshow.

5. Jan 28

   Biotech collaboration

   24h Move

   +6.8%

   Subsidiary entered research collaboration focused on biotechnology and fermentation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

u.s. gaap, sec reporting, initial public offering, public offerings

4 terms

u.s. gaap financial

"Dr. Chen has extensive public company finance, accounting, U.S. GAAP, SEC reporting and compliance experience."

U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.

sec reporting regulatory

"Dr. Chen has extensive public company finance, accounting, U.S. GAAP, SEC reporting and compliance experience."

SEC reporting is the process by which publicly traded companies regularly share important financial information with the government agency responsible for overseeing the stock market. This information helps investors understand a company's financial health and make informed decisions, much like how a doctor’s check-up provides insight into a person's well-being. Consistent and transparent reporting ensures trust and fairness in the financial markets.

initial public offering financial

"She served as Chief Financial Officer of Massimo Group from its initial public offering in May 2023 through January 2026"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

public offerings financial

"successfully executed multiple public offerings for publicly traded companies, conducted analyses and research"

A public offering is when a company sells its securities—usually shares or bonds—to the general public through the financial markets under regulatory rules. It matters to investors because it changes how many shares or bonds are available, can affect the market price and each existing owner’s stake (like a pie getting cut into more slices), and determines how much cash the company raises for growth, paying debt, or other uses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, June 5, 2026 /PRNewswire/ -- Pinnacle Food Group Limited (Nasdaq: PFAI) (the "Company"), today announced the dismissal of Wencai Pan as Chief Financial Officer and appointment of Dr. Yunhao Chen as Chief Financial Officer of the Company, both effective June 1, 2026.

Dr. Chen has extensive public company finance, accounting, U.S. GAAP, SEC reporting and compliance experience. She served as Chief Financial Officer of Massimo Group from its initial public offering in May 2023 through January 2026 and as a director from April 2024 through January 2026, where she led that company through its initial public offering process in 2024, and directed and managed the company's financial reporting, investor relations, and capital market functions. From May 2017 to July 2023, Dr. Chen served as Chief Financial Officer of Dogness International Corporation, where she led the company through its initial public offering process in 2017 and directed and managed the company's financial reporting, investor relations, and capital market functions, and served as the Chief Executive Officer of its U.S. subsidiary from 2018 to 2023. Dr. Chen has extensive knowledge and experience with U.S. GAAP and SEC reporting and compliance requirements. As part of her professional experience, she served as an invited speaker at an SEC forum advocating for small public companies in 2025, successfully executed multiple public offerings for publicly traded companies, conducted analyses and research regarding a large amount of formal filings of SEC registrants, and served on the boards of several public companies. Dr. Chen holds a Ph.D. in Accounting and an MBA in Finance and MIS from the University of Minnesota, and a Bachelor of Economics degree from the University of International Business and Economics. From 2007 to 2014, she served as a faculty member at the University of Miami and Florida International University.

"We are pleased to appoint Dr. Chen as Chief Financial Officer," said Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited. "Her experience as a public company CFO, together with her background in U.S. GAAP, SEC reporting, internal controls and capital markets, makes her well suited to lead our finance function as we continue to grow as a Nasdaq-listed company."

Dr. Chen has served as an independent director of the Company since April 2025. In connection with her appointment as Chief Financial Officer, Dr. Chen will cease to serve as an independent director.

About Pinnacle Food Group Limited

Pinnacle Food Group Limited (Nasdaq: PFAI) is a technology-driven company operating at the intersection of smart agriculture and bio-engineering. The Company's "Dual-Engine" strategy integrates Farming-as-a-Service solutions with precision fermentation and synthetic biology platforms to support the development of efficient and sustainable food systems. For more information, please visit the Company's website at www.pinnaclefoodinc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, but are not limited to, statements regarding the Company's management transition, finance function, public company reporting and compliance functions, internal controls, business strategy, and future operations.

Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, risks relating to the Company's ability to successfully transition its finance and accounting functions, maintain effective disclosure controls and internal control over financial reporting, comply with U.S. GAAP, SEC reporting and Nasdaq requirements, execute its "Dual-Engine" strategy, and manage its smart agriculture, precision fermentation and synthetic biology initiatives, as well as other risks described in the Company's filings with the Securities and Exchange Commission.

The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pinnacle-food-group-limited-appoints-dr-yunhao-chen-as-chief-financial-officer-302792448.html

SOURCE Pinnacle Food Group Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CFO of Pinnacle Food Group (Nasdaq: PFAI) in 2026?

Pinnacle Food Group appointed Dr. Yunhao Chen as Chief Financial Officer effective June 1, 2026. According to Pinnacle Food Group, she brings extensive public company finance, U.S. GAAP, and SEC reporting experience from prior CFO roles at Massimo Group and Dogness International.

Why did Pinnacle Food Group (PFAI) dismiss its previous CFO Wencai Pan?

Pinnacle Food Group announced the dismissal of Chief Financial Officer Wencai Pan, effective June 1, 2026. According to Pinnacle Food Group, the company simultaneously appointed Dr. Yunhao Chen as CFO, but it did not provide additional reasons or commentary on the decision in this announcement.

What experience does new CFO Dr. Yunhao Chen bring to Pinnacle Food Group (PFAI)?

Dr. Yunhao Chen brings extensive public company CFO, U.S. GAAP, and SEC reporting experience. According to Pinnacle Food Group, she previously led IPO processes and financial reporting at Massimo Group and Dogness International, and has board experience plus a Ph.D. in Accounting and an MBA in Finance and MIS.

When did the CFO change at Pinnacle Food Group (PFAI) take effect?

The CFO transition at Pinnacle Food Group became effective on June 1, 2026. According to Pinnacle Food Group, this date covers both the dismissal of former CFO Wencai Pan and the appointment of Dr. Yunhao Chen as the company’s new Chief Financial Officer.

How does Dr. Yunhao Chen’s board role at Pinnacle Food Group (PFAI) change with her CFO appointment?

With her appointment as CFO, Dr. Chen will cease serving as an independent director. According to Pinnacle Food Group, she had been an independent director since April 2025, and the transition moves her from board oversight into an executive management role.

What are the qualifications of Pinnacle Food Group (PFAI) CFO Dr. Yunhao Chen?

Dr. Chen holds a Ph.D. in Accounting, an MBA in Finance and MIS, and a Bachelor of Economics. According to Pinnacle Food Group, she also has prior faculty experience at U.S. universities and has served on several public company boards and as an invited SEC forum speaker.