An anonymous director reports

TIMS CHINA REPORTS SAME-STORE SALES GROWTH IN APRIL 2023 OF 16.3% AND ANNOUNCES PARTICIPATION IN SPRING INVESTOR CONFERENCES

TH International Ltd., the exclusive operator of Restaurant Brands International Inc.'s Tim Hortons coffee shops and Popeyes restaurants in China, has seen the April, 2023, same-store sales for the company owned and operated stores increase by 16.3 per cent compared with April, 2022.

In addition, Tims China announced its participation in the following investor conferences:

• May 9 and May 10: the Macquarie DELTAH China Conference 2023 in Hong Kong;
• May 17 to May 19: the Daiwa Securities China Consumer Tour in Shanghai;
• May 17: the BMO Global Farm to Market Conference in New York;
• May 30 to June 1: the Morgan Stanley China Summit 2023 in Hong Kong;
• June 8: the RBC Consumer Day in New York;
• June 13 and June 14: the Oppenheimer 23rd Annual Consumer Growth and E-Commerce Conference.

About TH International Ltd.

TH International (Nasdaq: THCH) is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong and Macau and Popeyes restaurants in mainland China and Macau. Tims China was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International (Toronto Stock Exchange: QSR) (New York Stock Exchange: QSR).

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