TH International (THCH) director Rafael Odorizzi de Oliveira files Form 3

Rhea-AI Filing Summary

TH International Ltd filed an initial Form 3 for director Rafael Odorizzi de Oliveira. This filing establishes him as a reporting insider for SEC purposes, but it does not list any share transactions or derivative positions, and shows no reported holdings in this snapshot.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ODORIZZI DE OLIVEIRA RAFAEL

(Last) (First) (Middle)

8 CROSS ST

MANULIFE TOWER, #28-01

(Street)

SINGAPORE 048424

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TH International Ltd [ THCH ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Odorizzi De Oliveira Rafael	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the THCH Form 3 filing for Rafael Odorizzi de Oliveira show?

The Form 3 for TH International Ltd (THCH) identifies Rafael Odorizzi de Oliveira as a director and reporting insider. It reports no purchases, sales, or derivative exercises, with all transaction and holding counters in the filing set to zero in this snapshot.

Does the THCH Form 3 report any insider buying or selling activity?

No insider buying or selling is reported in this TH International Ltd Form 3. The transaction summary shows zero buy, sell, gift, tax-withholding, exercise, or restructuring entries, indicating no insider trade activity is disclosed in this particular filing instance.

What role does Rafael Odorizzi de Oliveira hold at TH International Ltd (THCH)?

Rafael Odorizzi de Oliveira is reported as a director of TH International Ltd. The Form 3 flags him as a director, with no officer role or ten-percent-owner status indicated, making him subject to ongoing insider reporting requirements under SEC rules.

Are any derivative securities reported in this THCH Form 3?

No derivative securities are reported for TH International Ltd in this Form 3. The derivative summary is empty, and derivativeTransactionCount and exerciseShares are zero, indicating no options, warrants, or other derivative positions are disclosed in this filing snapshot.

What does a holdingEntries value of zero mean in the THCH Form 3 data?

A holdingEntries value of zero means the Form 3 does not list any specific share holdings or derivative positions for the reporting person. It simply establishes Rafael Odorizzi de Oliveira as a director and insider without detailing ownership quantities in this document.