SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Yu Tianyue

(Last)

(First)

(Middle)

C/O QUANERGY SYSTEMS,INC.

433 LAKESIDE DRIVE

(Street)

SUNNYVALE

94085

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CITIC Capital Acquisition Corp. [ QNGY ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/08/2022

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/08/2022		A		168,867	A	⁽¹⁾	168,867	D
Common Stock	02/08/2022		A		2,479,801	A	⁽¹⁾	2,479,801	I	See footnote.⁽²⁾
Common Stock	02/08/2022		A		484,993	A	⁽¹⁾	484,993	I	See footnote.⁽³⁾
Common Stock	02/08/2022		A		484,993	A	⁽¹⁾	484,993	I	See footnote.⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽⁵⁾	02/08/2022		A⁽¹⁾		157,199		⁽⁷⁾	⁽⁹⁾	Common Stock	157,199	$0	157,199	D
Restricted Stock Unit	⁽⁵⁾	02/08/2022		A⁽¹⁾		10,479		⁽⁶⁾	⁽⁸⁾	Common Stock	10,479	$0	10,479	D
Stock Option (right to buy)	$0.82	02/08/2022		A⁽¹⁾		196,422		⁽⁶⁾	03/12/2025	Common Stock	196,422	⁽¹⁰⁾	196,422	D

Explanation of Responses:

1. Received pursuant the Agreement and Plan of Merger, dated as of June 21, 2021, as amended, by and among CITIC Capital Acquisition Corp. ("CCAC"), CITIC Capital Merger Sub Inc. ("Merger Sub") and Quanergy Systems, Inc., a Delaware corporation ("Legacy Quanergy") pursuant to which Merger Sub merged with and into Legacy Quanergy (the "Business Combination"), whereupon the separate existence of Merger Sub ceased and Legacy Quanergy was the surviving company and wholly owned subsidiary of CCAC which subsequently changed its name to Quanergy Systems, Inc. (the "Issuer").

2. The shares are held by the Yang Yu Trust, a trust for the benefit of the reporting person's family. The reporting person serves as Trustee of the trust.

3. The shares are held by the YAD10 Trust, Weilai Yang and Yu Cheung, as Trustees, for the benefit of the reporting person's family.

4. The shares are held by the YYJK28 Trust, Weilai Yang and Yu Cheung Ho as Trustees for the benefit of the reporting person's family.

5. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.

6. Fully vested.

7. One-twelfth (1/12th) vests quarterly from November 2, 2020 provided Participant has not terminated Service on each applicable date (February 15, May 15, August 15, and November 15).

8. In connection with Business Combination, this Legacy Quanergy's outstanding RSU award was converted into an RSU award denominated in shares of Issuer's common stock. This RSU award is fully vested..

9. In connection with Business Combination, this Legacy Quanergy's outstanding RSU award was converted into an RSU award denominated in shares of Issuer's common stock. The unvested portion of the outstanding RSU award will continue to vest as described in footnote 10 subject to the reporting person's continued service with the Issuer through the applicable vesting date.

10. Received in connection with Business Combination in exchange for option to acquire 50,625 shares of common stock of Legacy Quanergy for $3.16 per share.

	/s/ Jerry Allison (Attorney-in-Fact)	02/10/2022
	** 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 4 (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.
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SEC Form 4: Yu Tianyue was granted 3,618,654 shares