An anonymous director reports

TIMS CHINA FILES 2022 ANNUAL REPORT ON FORM 20-F

Restaurant Brands International Inc.'s TH International Ltd. (Tims China) has filed its annual report on Form 20-F for the fiscal year ended Dec. 31, 2022, with the U.S. Securities and Exchange Commission.

The annual report on Form 20-f can be accessed on the company's investor relations website and on the SEC's website.

First quarter of 2023 -- same-store sales

Tims China also reported that, in March, 2023, same-store sales for company-owned-and-operated stores grew by 19.4 per cent, compared with March, 2022. Combined with growth of negative 12.4 per cent in January and 17.1 per cent in February, this performance yields same-store sales growth of 8.0 per cent for the first quarter of 2023.

About TH International Ltd.

TH International is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in China, Hong Kong and Macau and Popeyes restaurants in China and Macau. Tims China was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International Inc.

The company's philosophy is rooted in world-class execution and data-driven decision making and is centred on true local relevance, continuous innovation, genuine community and absolute convenience.