Tims China appoints Kwok Wah Cheung as CEO, issues $55M convertible notes

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Tims China Announces Appointment of Mr. Kwok Wah Cheung as Chief Executive Officer and Issuance of Additional Senior Secured Convertible Notes

June 9, 2026 6:15 AM EDT

Leadership Changes

SHANGHAI and NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- 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 Companys 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... More