Company Overview - TH International Limited, known as "Tims China," is the exclusive operator of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau [2] - The company was established by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International [2] Upcoming Financial Results - Tims China plans to release its first quarter results on June 24, 2025, before market opening [1] - A conference call will follow at 8:00 AM EST or 8:00 PM China Standard Time, which will be webcast and accessible on the company website [1] Company Philosophy - The company's philosophy emphasizes world-class execution, data-driven decision making, local relevance, continuous innovation, community engagement, and convenience [3]

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, has launched its new Loaded Power Bowls nationwide, expanding its healthy lunch options [1][9] - The Loaded Power Bowls feature a "2 + 8 + 8" configuration, including two portions of protein, eight grains, and eight vegetables, catering to health-conscious consumers [2][3] - The introduction of these bowls aligns with a national health initiative in China focused on weight management, reflecting a growing consumer demand for healthier meal options [6][9] Product Details - Each Loaded Power Bowl contains 18 ingredients, including premium proteins like tuna and chicken, a variety of grains, and colorful vegetables, all freshly oven-heated to maintain flavor [2][3][4] - The bowls are offered at an accessible price point, starting from RMB 30 with discounts available, making them a value-driven choice for consumers [5][9] Strategic Positioning - Tims China is redefining the café experience by integrating warm meals with coffee offerings, positioning itself as a destination for healthy dining [10][11] - The company emphasizes a commitment to fresh and healthy eating, as evidenced by its calorie counts and grading systems for beverages, enhancing consumer awareness of dietary choices [7][11]

Core Viewpoint - Tims China is struggling to maintain competitiveness in the rapidly growing Chinese coffee market, facing significant financial challenges and competition from both international and local brands [1][2][12] Financial Performance - In 2024, Tims China reported a revenue decline of 10.8% to 1.391 billion yuan, with a net loss of 409 million yuan, although the loss narrowed by 53% year-on-year [3][12] - The company has total assets of 1.564 billion yuan and total liabilities of 2.397 billion yuan, indicating a state of insolvency [3][4] - Tims China received a total of $65 million in financing from its parent company and shareholders to support operations [4][5] Market Position and Competition - The Chinese coffee market is projected to grow at a compound annual growth rate of 17.14%, reaching 265.4 billion yuan by 2024, with strong competition from Starbucks, Luckin Coffee, and other local brands [1][2] - Tims China has been unable to achieve the scale necessary to compete effectively, with a total of 1,022 stores as of December 31, 2024, falling short of its expansion targets [6][11] Strategic Initiatives - To improve profitability, Tims China is increasing its focus on franchise operations, having opened franchise opportunities in major cities and launched a "county-level franchise" plan [6][8] - The company is also adjusting its product offerings to include lower-cost items to attract consumers in lower-tier cities, although this strategy may compress margins [8][10] Challenges and Risks - Tims China faces challenges in differentiating its product offerings, as its "coffee + warm food" model is easily replicable by competitors [10][12] - The company has raised prices on some products, which has led to consumer dissatisfaction and potential loss of market share [9][10] - The long-term viability of Tims China is in question, with concerns about whether its parent company, RBI, will continue to provide financial support if profitability does not improve [11][12]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Exhibit 99.1 FOURTH QUARTER 2024 HIGHLIGHTS FULL YEAR 2024 HIGHLIGHTS COMPANY MANAGEMENT STATEMENT Mr. Yongchen Lu, CEO & Director of Tims China, commented, "2024 marked a pivotal year for the Company, we solidified our differentiated strategic positioning in "Coffee + Freshly Prepared Food", completed the made-to-order renovation of almost all company owned and operated stores, surpassed 24 million registered loyalty club members, and received over 6,200 individual sub- franchisee applications by year-end. ...

TH International Limited (NASDAQ:THCH) Q4 2024 Results Conference Call April 15, 2025 8:00 AM ET Company Participants Gemma Bakx - Head, Investor Relations Yongchen Lu - Chief Executive Officer & Director Albert Li - Chief Financial Officer Conference Call Participants Steve Silver - Argus Research Corporation Operator Ladies and gentlemen, welcome to Tims China's Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. At this time, I would like to turn th ...

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, reported its unaudited financial results for Q4 and full year 2024, highlighting significant operational improvements and strategic growth initiatives [1][4][5]. Financial Performance - Total revenues for Q4 2024 were RMB332.6 million (USD45.6 million), a decrease of 12.0% from RMB377.9 million in Q4 2023 [6][8]. - Full-year total revenues were RMB1,391.2 million (USD190.6 million), representing a 10.8% decrease from 2023 [6]. - Company owned and operated store contribution margin improved by 3.9 percentage points to 4.8% in Q4 2024 compared to the same quarter of 2023 [5][6]. Operational Highlights - The company opened 76 new stores in Q4 2024, bringing the total to 1,022 system-wide stores by year-end [1][6]. - Registered loyalty club members reached 24.0 million, reflecting a year-over-year growth of 29.7% [1][6]. - The company achieved a significant increase in company owned and operated store contribution, which rose by 353.1% to RMB13.0 million (USD1.8 million) in Q4 2024 [6][8]. Cost Management - The company reported a decrease in food and packaging costs by 26.5% in Q4 2024, benefiting from supply chain efficiencies [9][12]. - Payroll and employee benefits expenses decreased by 26.7% in Q4 2024, attributed to optimized staffing arrangements [9][12]. - Marketing expenses were reduced by 35.0% in Q4 2024, reflecting cost optimization measures [12][13]. Strategic Initiatives - The CEO emphasized the company's strategic positioning in "Coffee + Freshly Prepared Food" and the completion of renovations in nearly all company-owned stores [4][5]. - The company received over 6,200 sub-franchisee applications by year-end, indicating strong interest in its franchise model [4]. - Tims China launched new product offerings and marketing campaigns to enhance customer engagement and brand presence [24][27]. Future Outlook - The CFO expressed confidence in achieving full-year corporate EBITDA breakeven, focusing on improving store unit economics and operational efficiencies [7][5]. - The company aims to further enhance its supply chain capabilities and accelerate sub-franchising expansion [7].

SHANGHAI and NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) will be attending and participating in the following upcoming conferences: Tuesday March 11 and Wednesday March 12: BofA Securities 2025 Consumer & Retail Conference Miami Beach, FL. Tims will participate in a fireside chat on Wednesday March 12 at 10:30am ET. Thursday March 13: UBS Global Consumer and Retail Conference ...

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, is celebrating its sixth anniversary with significant achievements, including over 1,000 stores across 82 cities and a NASDAQ listing [1][9] - The company is launching new products and promotions to commemorate its anniversary and adapt to local consumer preferences [2][8] Product Innovations - Tims China is reintroducing three classic donuts with 60% less sugar, maintaining their original taste, and offering a promotion of a free Classic Original Donut with any selected coffee purchase during afternoon tea hours [3][5] - The "Rich & Smooth Latte Series" has been introduced, featuring 40% more coffee beans and a blend of premium Arabica coffee with cold-drip creamy milk, tailored for Chinese consumers [7] Market Positioning - Tims China has established a unique "Coffee + Warm Food" strategy, differentiating itself in the competitive coffee market and appealing to evolving consumer preferences [1][8] - The company has garnered a loyal customer base, with over 24 million Club members, reflecting its successful adaptation to the Chinese market [8]

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, has launched the "Light Bagel Sandwich Lunch Box Series" to enhance its offerings of high-quality, convenient meals targeting urban consumers seeking healthy options [1][8] Product Offering - The Lunch Box series includes a combination of a bagel sandwich, a fresh vegetable salad, and a healthy beverage, available nationwide starting February 18 [2] - Customers can choose from eight bagel sandwich varieties, five side dishes, and eleven beverage options, allowing for customization based on personal tastes and nutritional preferences [2] Pricing and Discounts - The starting price for the Lunch Box is RMB 25.8, especially attractive with a 40% discount available through the "Chibaobao Card," making it a cost-effective option for consumers [3] Health and Quality Focus - The Lunch Box series emphasizes "light and low-calorie" options, with all ingredients meeting strict quality and calorie control standards [4] - Beverages in the series adhere to a "5-Zero" commitment, ensuring no non-dairy creamer, artificial creamer, hydrogenated vegetable oils, trans fats, or instant tea powder [4] Nutritional Composition - The bagel sandwiches feature high-fiber bagels and premium proteins such as chicken breast, tuna, and beef, with specific options like Avocado Chicken and Teriyaki Chicken Thigh [5] - The salads consist of seasonal fresh vegetables, and beverage choices include Americano coffee and low-calorie lemon water, promoting a balanced and satisfying meal [5] Convenience and Packaging - The Lunch Box is designed for both dine-in and takeaway, catering to the needs of urban professionals for flexibility [6] Market Potential - The CEO of Tims China expressed excitement about the market potential of the new Lunch Box series, highlighting its role in expanding the lunch menu and meeting diverse consumer needs [8]