Who are TH International Limited's main suppliers?

TH International Limited (THCH) key suppliers include: RETAIL-PARTNERS, DATACO, Morningstar, Inc., Restaurant Brands International Inc., Restaurant Brands International Inc.. View the full supplier network at chainsifter.com/chain/THCH.

Who are TH International Limited's major customers?

TH International Limited (THCH) key customers include: SUB-FRANCHISEES, CARTESIAN-CAPITAL-GROUP-LLC, PLKC-HK-INTERNATIONAL-LIMITED, Morningstar, Inc., Restaurant Brands International Inc. and 1 more. View the full customer network at chainsifter.com/chain/THCH.

What sector is TH International Limited in?

TH International Limited (THCH) operates in the general sector. ChainSifter tracks its verified supply chain relationships including suppliers, customers, and strategic partners.

THCH Supply Chain: TH International Limited Supplier List & 14 Relationships

5Suppliers

6Customers

3Debt Items

19Related Chains

TH International Limited Suppliers

Ticker	Name	Confidence	Evidence
RETAIL-PARTNERS	RETAIL-PARTNERS	85%	Our PRC Subsidiaries also rely on third-party delivery services and retail partners to deliver our products to customers
DATACO	DATACO	80%	under the Business Cooperation Agreements entered into by Tim Hortons China with DataCo, DataCo is obligated to use, and require its subcontractors to use, reasonable efforts to maintain procedures d…
MORN	Morningstar, Inc.	72%	Reciprocal relationship from MORN graph: tory requirements under Regulation (EC) No 1060/2009, as amended. These requirements primarily relate to record-keeping, reporting, governance, and conflicts …
QSR	Restaurant Brands International Inc.	72%	Reciprocal relationship from QSR graph: Reciprocal relationship from THCH graph: Reciprocal relationship from QSR graph: Reciprocal relationship from THCH graph: Reciprocal relationship from QSR grap…
QSR	Restaurant Brands International Inc.	72%	t from Shaolin Capital Management LLC (“Shaolin”). Before issuance of ordinary Shares to ESA Investors and receipt of subscription price of US$ , the Company made payment of US$ in cash as deposits t…

TH International Limited Customers

Ticker	Name	Confidence	Evidence
SUB-FRANCHISEES	SUB-FRANCHISEES	92%	Under these franchise agreements, Tim Hortons China will receive monthly payments from the sub-franchisees, which are a percentage of the sub-franchised restaurant’s gross sales
CARTESIAN-CAPITAL-GROUP-LLC	CARTESIAN-CAPITAL-GROUP-LLC	85%	PAC Pte. Ltd. (“PLK”) to acquire 100 % of the outstanding shares of PLKC International Limited (“Popeyes China”) from Holdings IV ( 90 %) and PLK ( 10 %), which are related parties of the Company as …
PLKC-HK-INTERNATIONAL-LIMITED	PLKC-HK-INTERNATIONAL-LIMITED	85%	PAC Pte. Ltd. (“PLK”) to acquire 100 % of the outstanding shares of PLKC International Limited (“Popeyes China”) from Holdings IV ( 90 %) and PLK ( 10 %), which are related parties of the Company as …
MORN	Morningstar, Inc.	72%	Reciprocal relationship from MORN graph: Reciprocal relationship from THCH graph: Reciprocal relationship from MORN graph: Reciprocal relationship from THCH graph: Reciprocal relationship from MORN g…
QSR	Restaurant Brands International Inc.	72%	Reciprocal relationship from QSR graph: Reciprocal relationship from THCH graph: eferred Contingent Consideration is in the scope of ASC480 since the instrument embodies an unconditional obligation t…
QSR	Restaurant Brands International Inc.	72%	eferred Contingent Consideration is in the scope of ASC480 since the instrument embodies an unconditional obligation that the Company must settle by issuing a variable number of its equity shares and…

TH International Limited Debt Obligations

Instrument	Description	Confidence	Evidence
THCH-DEBT-12974	Warrants outstanding: 57.5	90%	xbrl warrant detail from xbrl 2023-12-31.
THCH-DEBT	Debt stack $289.2M	90%	Market cache reports total debt of $289.2M.
THCH-DEBT-12975	Xbrl Convertible	90%	xbrl convertible detail from xbrl 2025-12-31.

TH International Limited Acquisitions

No acquisitions on recordNo completed or pending acquisitions found in our database for TH International Limited.

TH International Limited Ownership

No ownership data on recordNo major institutional ownership relationships found in our database for TH International Limited.

TH International Limited Extended Supply Chain Network

Ticker	Name	Chain Index	Hops	Relationship Types
BBDO	Banco Bradesco S.A.	100.00	2
ARES	Ares Management Corporation	100.00	2
FMX	Fomento Económico Mexicano, S.A.B. de C.V.	100.00	2
QSR	Restaurant Brands International Inc.	100.00	1	['customer', 'supplier']
MORN	Morningstar, Inc.	100.00	1	['customer', 'supplier']
BSBR	Banco Santander (Brasil) S.A.	100.00	2
OI	O-I Glass, Inc.	100.00	2
SUZ	Suzano S.A.	100.00	2
FISI	Financial Institutions, Inc.	100.00	2
KOF	Coca-Cola FEMSA, S.A.B. de C.V.	100.00	2
OPENAI	OPENAI	50.00	2
KO	The Coca-Cola Company	50.00	2
WEN	The Wendy's Company	50.00	2
SNYNF	Sanofi	50.00	2
MSFT	Microsoft Corporation	50.00	2
HEBBIA	HEBBIA	50.00	2
ROGO	ROGO	50.00	2
HIND	Vyome Holdings, Inc.	36.29	1	['spend']
VINP	Vinci Compass Investments Ltd.	36.29	1	['spend']

TH International Limited Supply Chain