Silver Crest Acquisition Company Broadcasts Effectiveness of Registration Assertion and August 18, 2022 Extraordinary Basic Assembly of Shareholders to Approve Enterprise Mixture with TH Worldwide Restricted

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NEW YORK, July 21, 2021 /PRNewswire/ — Silver Crest Acquisition Company (NASDAQ: SLCR) (“Silver Crest”) right now introduced that the registration assertion on Type F-4 (as amended, the “Registration Assertion”) filed by TH Worldwide Restricted (along with its wholly owned subsidiaries, “THIL” or “Tims China“) regarding the beforehand introduced enterprise mixture between Silver Crest and THIL, which holds the unique grasp franchise rights for Tim Hortons espresso outlets in China, has been declared efficient by the U.S. Securities and Trade Fee (the “SEC”) on July 20, 2022.

Silver Crest will mail the definitive proxy assertion/prospectus (the “Proxy Assertion”) to shareholders of document as of the shut of enterprise on June 6, 2022. The Proxy Assertion accommodates a discover and voting instruction kind or a proxy card regarding the extraordinary common assembly of Silver Crest’s shareholders.

The extraordinary common assembly of shareholders of Silver Crest will likely be held at 9:30 a.m. Jap Time, on August 18, 2022 on the places of work of Appleby at Suites 4201-03 & 12, 42/F, One Island East, Taikoo Place, 18 Westlands Street, Quarry Bay, Hong Kong and just about over the Web by the use of a dwell audio webcast at, or at such different time, on such different date and at such different place to which the assembly could also be postponed or adjourned (the “extraordinary common assembly”).

Resulting from well being considerations stemming from the COVID-19 pandemic, and to assist the well being and wellbeing of our shareholders, Silver Crest encourages its shareholders to attend the extraordinary common assembly just about by way of the dwell webcast. Silver Crest shareholders are cordially invited to attend and take part within the extraordinary common assembly on-line by visiting and getting into the 16-digit management quantity discovered on the proxy card.

If the proposals on the extraordinary common assembly are authorized by Silver Crest shareholders, the events anticipate that the enterprise mixture will shut and the mixed entity will start buying and selling on the NASDAQ Inventory Market beneath the brand new ticker image “THCH” and “THCHW” on or after August 19, 2022, topic to the satisfaction or waiver, as relevant, of all different closing circumstances.

If any Silver Crest shareholder doesn’t obtain the Proxy Assertion, such shareholder ought to (i) verify his or her Proxy Assertion’s standing together with his or her dealer or (ii) contact D.F. King & Co., Inc. at +1-800-967-7635. Questions can be despatched by e mail to [email protected].

This discover of the extraordinary common assembly is and the Proxy Assertion will likely be obtainable at

About Silver Crest Acquisition Company

Silver Crest is a particular goal acquisition firm included as a Cayman Islands exempted firm for the aim of effecting a merger, share change, asset acquisition, share buy, reorganization or related enterprise mixture with a number of companies. Whereas Silver Crest might pursue a enterprise mixture goal in any enterprise or trade, Silver Crest intends to pay attention its efforts in figuring out world or regional companies with differentiated services and products in a number of excessive progress shopper and shopper know-how sectors.

About TH Worldwide Restricted

Tims China is the dad or mum firm of the unique grasp franchise of Tim Hortons espresso outlets for Restaurant Manufacturers Worldwide Inc. (TSX: QSR) (NYSE: QSR) in China, together with Hong Kong and Macau. Tims China was based by Cartesian Capital Group and Tim Hortons Eating places Worldwide, a subsidiary of Restaurant Manufacturers Worldwide.

Tims China presents freshly brewed espresso, tea and different drinks, bakery & sides, and sandwiches and is an rising espresso champion in China. The model’s philosophy is rooted in world-class execution and data-driven choice making and centered on true native relevance, steady innovation, real neighborhood, and absolute comfort. For extra info, please go to

Necessary Data and The place to Discover It

This communication doesn’t comprise all the data that ought to be thought-about regarding the proposed enterprise mixture. It doesn’t represent a proposal to promote or change, or the solicitation of a proposal to purchase or change, any securities, nor shall there be any sale of securities in any jurisdiction wherein such supply, sale or change can be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. It isn’t supposed to kind the premise of any funding choice or another choice in respect of the proposed enterprise mixture. In reference to the proposed enterprise mixture, THIL has filed the Registration Assertion with the SEC with respect to the enterprise mixture, which has been declared efficient by the SEC on July 20, 2022. The Proxy Assertion and different related documentation will likely be mailed to Silver Crest’s shareholders of document as of the shut of enterprise on June 6, 2022. Silver Crest’s shareholders and different individuals are suggested to learn the Proxy Assertion and different supplies that Silver Crest might file with the SEC sometimes in reference to the solicitation of proxies for the extraordinary common assembly to be held to approve the transactions contemplated by the proposed enterprise mixture, as a result of these supplies comprise, or will comprise, vital details about THIL, Silver Crest and the proposed transactions. Shareholders may even be capable to acquire a replica of the Proxy Assertion, with out cost, on the SEC’s web site at or by directing a request to: Silver Crest Acquisition Company, Suite 3501, 35/F, Jardine Home, 1 Connaught Place, Central, Hong Kong.


Individuals within the Solicitation

Silver Crest, THIL and their respective administrators and govt officers, different members of administration and staff could also be thought-about individuals within the solicitation of proxies with respect to the potential transaction described on this communication beneath the principles of the SEC. Details about the administrators and govt officers of Silver Crest is ready forth in Silver Crestʼs annual report on Type 10-Okay for the 12 months ended December 31, 2021 and the Proxy Assertion. Data relating to different individuals who might, beneath the principles of the SEC, be deemed individuals within the solicitation of the shareholders in reference to the potential transaction and an outline of their pursuits can also be set forth within the Proxy Assertion. These paperwork might be obtained freed from cost from the sources indicated above.

No Supply or Solicitation

This communication is for informational goal solely and never a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not represent a proposal to promote or a solicitation of a proposal to purchase the securities of THIL or Silver Crest, nor shall there be any sale of any such securities in any state or jurisdiction wherein such supply, solicitation, or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of such state or jurisdiction. No supply of securities shall be made besides by the use of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended.

Ahead-Trying Statements

This communication accommodates sure forward-looking statements throughout the which means of the federal securities legal guidelines with respect to the proposed transaction between THIL and Silver Crest. These forward-looking statements usually are recognized by the phrases “imagine,” “challenge,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “will likely be,” “will proceed,” “will doubtless end result,” and related expressions. With out limiting the generality of the foregoing, the forward-looking statements on this communication embody the consummation of the enterprise mixture and the itemizing of THIL’s securities. Ahead-looking statements are predictions, projections and different statements about future occasions which might be based mostly on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many elements might trigger precise future occasions to vary materially from the forward-looking statements on this communication, together with however not restricted to: (i) the danger that the transaction will not be accomplished in a well timed method or in any respect, which can adversely have an effect on the worth of Silver Crest’s securities, (ii) the danger that the transaction will not be accomplished by Silver Crest’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by Silver Crest, (iii) the failure to fulfill the circumstances to the consummation of the transaction, together with the adoption of the Merger Settlement by the shareholders of Silver Crest and the receipt of sure governmental and regulatory approvals, (iv) the dearth of a 3rd social gathering valuation in figuring out whether or not or to not pursue the proposed transaction, (v) the incidence of any occasion, change or different circumstance that might give rise to the termination of the Merger Settlement, (vi) the impact of the announcement or pendency of the transaction on THIL’s enterprise relationships, working outcomes, and enterprise usually, (vii) dangers that the proposed transaction disrupts present plans and operations of THIL and potential difficulties in THIL worker retention because of the transaction, (viii) the result of any authorized proceedings that could be instituted towards THIL or towards Silver Crest associated to the Merger Settlement or the proposed transaction, (ix) the flexibility to acquire approval for itemizing or keep the itemizing of THIL’s securities on a nationwide securities change, (x) the worth of Silver Crest’s securities could also be unstable as a result of quite a lot of elements, together with adjustments within the aggressive and controlled industries wherein THIL operates, variations in working efficiency throughout opponents, adjustments in legal guidelines and rules affecting THIL’s enterprise, THIL’s incapability to implement its marketing strategy or meet or exceed its monetary projections and adjustments within the mixed capital construction, (xi) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and establish and understand further alternatives, and (xii) the results of pure disasters, terrorist assaults and the unfold and/or abatement of infectious ailments, resembling COVID-19, on the proposed transactions or on the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transactions. The foregoing checklist of things is just not exhaustive. You must rigorously contemplate the foregoing elements and the opposite dangers and uncertainties described within the “Threat Elements” part of the Proxy Assertion and different paperwork filed by Silver Crest sometimes with the SEC, together with however not restricted to within the sections entitled “Threat Elements” and “Cautionary Observe Concerning Ahead-Trying Statements” in Silver Crest’s annual report on Type 10-Okay for the 12 months ended December 31, 2021. These filings establish and deal with different vital dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and THIL and Silver Crest assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not because of new info, future occasions, or in any other case. Neither THIL nor Silver Crest offers any assurance that both THIL or Silver Crest, or the mixed firm, will obtain its expectations.


Investor Relations

Tims China Investor Relations:
[email protected]

[email protected]

Public Relations

[email protected]

SOURCE TH Worldwide Restricted


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