TH International LimitedNASDAQ: THCH

Resilient Total Revenues Increased 3.1% Year over Year for the First Quarter 2024 System Sales Increased 7.1% Year-over-Year for the First Quarter 2024 Continuous Margin Improvement with Seven Consecutive Positive Quarterly Adjusted Store EBITDA 20.3 Million Registered Loyalty Club Members at Quarter-End, Representing 63.6% Year-over-Year Growth SHANGHAI and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) today announced its unaudited financial results for the first quarter 2024. FIRST QUARTER 2024 HIGHLIGHTS Total revenues reached RMB346.8 million (USD48.0 million), representing a 3.1% increase from the same quarter of 2023.

SHANGHAI, China, and NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) will be attending and participating in the following upcoming conferences next week:

TH International Limited (Tims China) is rapidly expanding Tim Hortons coffee shops in China to capitalize on the growing coffee consumption trend. Tims China aims to open over 2,750 coffee shops by 2026, mirroring the aggressive growth strategies of other major coffee chains in China. The company's formation and growth strategy represent a significant move in the global coffee shop market, particularly in the expanding Chinese market.