Pinnacle Food Group Ltd（PFAI）のニュースとイベントPFAIPinnacle Food Group Ltd

Pinnacle Food Completes Milestone for Microalgae Production Facility

Pinnacle Food Group announced the completion of a key project development milestone and the formal commencement of construction of a commercial-scale microalgae-based astaxanthin production facility for Bei Harvest in British Columbia, Canada. In April, Pinnacle Food entered into an agreement with Bei Harvest for the phased development and delivery of a turnkey facility designed to support the commercial cultivation of microalgae and the production of astaxanthin. Astaxanthin is a naturally occurring carotenoid used in dietary supplements, functional foods, cosmetics and other applications. The aggregate revenue for the Company from the project is expected to be approximately $10M, subject to the final project scope and execution. Phase I, which encompasses planning and development, is valued at approximately $4M, as previously disclosed in the Company's 2025 Annual Report. Phase II, which encompasses construction of the project, is valued at approximately $6M. As the project developer and general contractor, Pinnacle Food is responsible for coordinating the facility's design, engineering, construction and systems integration. The facility is expected to incorporate advanced photobioreactor cultivation systems within a fully enclosed, precision-controlled environment designed for commercial-scale microalgae cultivation. The completion of the applicable planning and design work has enabled the project to transition into on-site construction.

Pinnacle Food Group Appoints Yunhao Chen as CFO

Pinnacle Food Group (PFAI) announced the dismissal of Wencai Pan as CFO and appointment of Dr. Yunhao Chen as CFO of the company, both effective June 1. Chen served as CFO of Massimo Group (MAMO) from its initial public offering in May 2023 through January 2026 and as a director from April 2024 through January 2026.