Tims China Selected for Inclusion in the MSCI China All Shares Small Cap Index
June 01 2023 - 4:05PM
TH International Limited (“Tims China” (Nasdaq: THCH)), the
exclusive operator of Tim Hortons coffee shops and Popeyes
restaurants in China, welcomed the news that the company was added
to the MSCI China All Shares Small Cap Index on May 31, 2023.
MSCI is a leading provider of tools and services
for the global investment community. The MSCI China All Shares
Small Cap Index is an equity index that aims to reflect the
performance of the small-cap segment of the China market across
multiple share classes.
Mr. Yongchen Lu, CEO & Director of Tims
China, commented, “We are pleased to be selected for inclusion in
the MSCI China All Shares Small Cap Index. We thank all of those
that contribute to our success, including our loyal customers,
communities, and team members. After developing almost 700
restaurants in less than five years, we look forward to continuing
our disciplined growth to open over 1,000 restaurants by the end of
the year.”
In addition to strong network growth, Tims China
recently reported delivering over 16% same-store sales growth for
company-owned and -operated stores for each February, March, and
April this year.
ABOUT TH INTERNATIONAL
LIMITED
TH International Limited (Nasdaq: THCH) (“Tims
China”) 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
(TSX: QSR) (NYSE: QSR).
The company’s philosophy is rooted in
world-class execution and data-driven decision making and centered
on true local relevance, continuous innovation, genuine community,
and absolute convenience. For more information, please visit
www.timhortons.com.cn.
INVESTOR AND MEDIA CONTACTS
Investor RelationsTims China
Investor Relations:IR@timschina.com
ICR, LLCTimsChinaIR@icrinc.com
Public RelationsICR,
LLCTimsChinaPR@icrinc.com
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