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Tims China Opens First Store in Nanchang

1. THCH opened its first store in Nanchang, enhancing its national presence. 2. Tims China now operates 1,022 stores across 82 cities in China. 3. The new location targets Nanchang's 6.5 million residents, boosting local outreach. 4. Innovative store renovations improve guest experience with made-to-order offerings. 5. The launch coincides with a seasonal Chinese New Year menu.

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Why Bullish?

The expansion into Nanchang may attract more customers, increasing potential revenues. Similar openings in other regions have positively influenced stock performance in the past.

How important is it?

The article highlights significant expansion and community engagement, likely impacting THCH's financial outlook. Historical data shows new store openings correlate with higher stock valuations.

Why Short Term?

Initial customer response can quickly affect short-term sales figures. A well-received opening could lead to immediate stock appreciation.

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QSR
SHANGHAI, Jan. 27, 2025 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ: THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”), is thrilled to announce the grand opening of its first store in Nanchang, Jiangxi Province. This milestone further solidifies Tims China’s nationwide presence, extending its footprint to 27 of the country’s 34 province-level geographies. [Nanchang Store and Chinese New Year 2025 offerings] The renowned historic city of Nanchang, with over 6.5 million residents, is the capital of Jiangxi Province, which has a population of about 45 million. Nanchang is bordered by the Meiling Mountains and Poyang Lake, the largest fresh-water in the nation, earning it the nickname “water capital of China”. The city serves as a vital link among three significant economic centers: Yangtze River Delta, Pearl River Delta, and Haixi District. It is a major railway hub and home to Nanchang University. The new store in Nanchang joins Tims China’s robust network of 1,022 stores across 82 cities, serving a loyal membership base of more than 24 million. This opening exemplifies the Company’s dedication to reaching coffee lovers in many corners of China. As part of its commitment to delivering an exceptional guest experience, Tims China has completed the “made-to-order” renovation of 639 stores to date. These revamped locations feature working stations for efficient, fresh, and handmade food preparation, as well as “open kitchens” where guests can observe Tims partners crafting their meals from start to finish. Yongchen Lu, CEO of Tims China, commented: “We are very excited to be in Nanchang, a city of historic, geographic, and economic importance. Catering to the growing number of coffee enthusiasts with a taste for premium coffee and freshly baked bagels, the new Tims store in Nanchang is designed to create memorable moments for the local community and reach many more loyal Tims coffee aficionados. The store’s opening coincides with the launch of our Chinese New Year menu, featuring delicious, seasonal, new offerings such as the Buttery Red Bean Bagel Latte and Tuna Bagel Sandwich. We are excited to welcome Nanchang’s residents to experience our hospitality and savor the Tims tradition.” ABOUT TH INTERNATIONAL LIMITED TH International Limited (Nasdaq: THCH) (“Tims China”) is the parent company of the exclusive master franchisee of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Tims China was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International (TSX: QSR) (NYSE: QSR). The company’s philosophy is rooted in world-class execution and data-driven decision making and centered around true local relevance, continuous innovation, genuine community, and absolute convenience. For more information, please visit https://www.timschina.com. Contacts Investor RelationsIR@timschina.com or Gemma.Bakx@cartesiangroup.com Public Relationspatty.yu@timschina.com Follow @TimHortonsChina A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f3827ed-80da-4811-874a-a5cc9556a210

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