TH International Limited (NASDAQ:THCH), the parent company of the exclusive master franchisees of Tim Hortons coffee shops in China ("Tims China" or the "Company"), today announced that its Board of Directors (the "Board") has appointed Mr. Kwok Wah Cheung as the Company's Chief Executive Officer ("CEO") effective June 15, 2026, as part of its ongoing succession planning process.

Concurrently, Mr. Yongchen Lu will step down as CEO and assume the role of Chairman of the Company. In addition, the Company's current Chairman of the Company, Mr. Peter Yu, will step down from such position but will remain as a director.