TH International director files initial Form 3

TH International Ltd director Paul Seungpyo Hong filed an initial Form 3, which is a statement of beneficial ownership for insiders.

Rhea-AI Filing Summary

TH International Ltd director Paul Seungpyo Hong filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing establishes his reporting status as a director of TH International Ltd but does not report any purchases, sales, or other transactions.

Key Terms

Form 3, beneficial ownership, insider

3 terms

Form 3 regulatory

"filed an initial <b>Form 3</b>, which is a statement of beneficial ownership"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"an initial <b>Form 3</b>, which is a statement of beneficial ownership for insiders"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

insider regulatory

"reports that Paul Seungpyo Hong is a director and is now an insider subject to ownership reporting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the THCH Form 3 filing by Paul Seungpyo Hong report?

The Form 3 for TH International Ltd (THCH) reports that Paul Seungpyo Hong is a director and is now an insider subject to ownership reporting. It serves as his initial beneficial ownership statement and does not list any specific stock transactions.

Does the THCH Form 3 show any share purchases or sales by Paul Seungpyo Hong?

No, this Form 3 does not show any share purchases or sales by Paul Seungpyo Hong. It only records his status as a director and establishes his obligation to file future ownership reports if he trades TH International Ltd securities.

Why is a Form 3 important for THCH investors?

Form 3 is important because it identifies individuals who are insiders at TH International Ltd (THCH) and must publicly report their holdings and trades. This helps investors track future insider buying, selling, or option exercises reported on subsequent Forms 4 or 5.

Who is the reporting person on this TH International Ltd Form 3?

The reporting person on this Form 3 is Paul Seungpyo Hong, who is identified as a director of TH International Ltd. His filing confirms insider status, meaning his future transactions in THCH securities will require additional public reporting to the SEC.

Does this THCH Form 3 include any derivative securities or options?

No, the Form 3 shows no derivative securities or options for Paul Seungpyo Hong. Both the transaction list and derivative summary are empty, indicating there are no option exercises, warrants, or other derivative positions reported in this initial statement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/31/2026 - 04:00 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Hong Paul Seungpyo

(Last) (First) (Middle)

C/O CARTESIAN CAPITAL GROUP

15TH FLOOR, 505 FIFTH AVE

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026

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/ Hong Paul Seungpyo	03/31/2026
	** 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)