TH International Limited Ordinary shares

TH International Ltd. is a holding company, which through its subsidiaries, engages in the commercial franchising of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The firm operates through its subsidiaries and conducts its business through a single segment. The Tim Hortons segment mainly operates the Tim Hortons brand, establishing a chain of restaurants that sell coffee, donuts, and tea beverages. The firm has deployed three types of store formats: flagship stores, classic stores, and Tims Go stores. The main products sold in stores include lattes, American coffee, oolong tea, breakfast bagels, croissants, toast and donuts. The firm primarily operates in the China market.