Mr. Yongchen Lu reports

TIMS CHINA LAUNCHES COLLABORATION WITH DIDI TO EXPAND CUSTOMER BASE

TH International Ltd. (Tims China), the exclusive operator of Restaurant Brands International Inc.'s Tim Hortons coffee shops and Popeyes restaurants in China, has partnered with ride-hailing company DiDi Chuxing as part of a brand-building campaign. This new partnership focuses on cross-brand and cross-channel marketing, leveraging DiDi's large customer base to bolster awareness of the Tims China brand.

DiDi app users who hailed rides between Nov. 27 and Dec. 10 accumulated points toward a free Tims bagel or coffee. Tims China customers who purchased an item in its Orange Aroma series, such as the Orange cinnamon latte, received a co-branded Tims-DiDi sticker and cup sleeve. Tims China also set up DiDi-themed stores in Beijing, Shanghai, Guangzhou, Wuhan and Chengdu as part of the cross-brand promotion.

As a result of the campaign, Tims China acquired around 20,000 new loyalty club members and generated approximately 1.7 million yuan in incremental sales. Furthermore, the campaign garnered significant attention on Xiaohongshu (also called Red), China's popular social network, with over 11 million views.

The partnership initiative combines the customer reach of DiDi's huge transportation portfolio of taxis, ride-hailing vehicles and shared bicycles -- all widely accessible across China -- with Tims China's expansive network of over 800 stores. The partnership extends the customer base of both brands and furthers Tims China's strategic focus on the important market segment of commuting professionals.

"We are excited to be reaching new customers amongst DiDi's large ridership," said Yongchen Lu, chief executive officer of Tims China. "Our collaboration with DiDi Chuxing, a world leader in transportation services, is a great example of cross-channel promotion that builds our loyal customer base, which currently includes at over 18 million program members and is growing every day."

About TH International Ltd.

TH International 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.

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.