Quanergy Hosts Transaction and 2021 Enterprise Replace Name

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SUNNYVALE, Calif. — Quanergy, a number one supplier of OPA-based strong state LiDAR sensors and sensible 3D options for automotive and IoT, will host a webcast to supply a transaction and enterprise replace on Tuesday, September 21, 2021, at 4:30 p.m. ET.

The convention name might be accessible by way of webcast here, on the Quanergy investor relations web page here, or on CCAC’s investor relations web site here.

In June, Quanergy entered right into a definitive merger settlement with CITIC Capital Acquisition Corp. (NYSE: CCAC) (“CCAC”). Upon closing of the transaction, the mixed firm might be named Quanergy Techniques, Inc. and is anticipated to be listed on the New York Inventory Alternate (NYSE) beneath the ticker image “QNGY.” The transaction is anticipated to shut within the fourth quarter of 2021, topic to satisfaction of customary closing circumstances.

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About Quanergy Techniques, Inc.

Quanergy Techniques’ mission is to create highly effective, reasonably priced sensible LiDAR options for automotive and IoT purposes to boost individuals’s experiences and security. Quanergy has developed the one true 100% strong state CMOS LiDAR sensor constructed on optical phased array (OPA) expertise to allow the mass manufacturing of low-cost, extremely dependable 3D LiDAR options. By means of Quanergy’s sensible LiDAR options, companies can now leverage real-time, superior 3D insights to rework their operations in quite a lot of industries together with industrial automation, bodily safety, sensible cities, sensible areas, and rather more. Quanergy options are deployed by over 350 prospects throughout the globe. For extra info, please go to us at www.quanergy.com.

About CITIC Capital Acquisition Corp.

CITIC Capital Acquisition Corp. (NYSE: CCAC) is a clean examine firm integrated for the aim of effecting a merger, share alternate, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies. CCAC consummated its preliminary public providing and listed its items on the NYSE in February 2020. CCAC is sponsored by CITIC Capital Holdings Restricted, another funding administration and advisory firm, managing over USD36 billion of capital throughout 90 funds and funding merchandise by way of its multi-asset class platform protecting non-public fairness, actual property, structured funding & finance, asset administration, and particular conditions. CITIC Capital has over 150 portfolio firms that span 11 sectors and make use of over 800,000 individuals world wide. For extra info, go to http://www.spacbyccac.com.

Necessary Details about the Enterprise Mixture and The place to Discover It

CCAC has filed a registration assertion on Type S-4, which accommodates a proxy assertion/prospectus and different related supplies, and plans to file with the SEC an modification to the registration assertion in addition to different paperwork relating to the proposed transaction with Quanergy. CCAC urges its traders, shareholders and different individuals to learn, when accessible, the proxy assertion/prospectus filed with the SEC and paperwork integrated by reference therein as a result of these paperwork will comprise necessary details about CCAC, Quanergy and the proposed enterprise mixture. After the registration assertion is said efficient by the SEC, the definitive proxy assertion/prospectus and different related paperwork might be mailed to the shareholders of CCAC as of the report date established for voting on the proposed enterprise mixture and can comprise necessary details about the proposed enterprise mixture and associated issues. Shareholders of CCAC and different individuals are suggested to learn, when accessible, these supplies (together with any amendments or dietary supplements thereto) and another related paperwork in reference to CCAC’s solicitation of proxies for the assembly of shareholders to be held to approve, amongst different issues, the proposed enterprise mixture as a result of they are going to comprise necessary details about CCAC, Quanergy and the proposed enterprise mixture. Shareholders may even be capable to get hold of copies of the preliminary proxy assertion/prospectus, the definitive proxy assertion/prospectus and different related supplies in reference to the transaction with out cost, as soon as accessible, on the SEC’s web site at www.sec.gov or by directing a request to: CITIC Capital Acquisition Corp., 28/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong, Consideration: Fanglu Wang, phone: +852 3710 6888. The data contained on, or that could be accessed by way of, the web sites referenced on this press launch isn’t integrated by reference into, and isn’t part of, this press launch.

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Members within the Solicitation CCAC, Quanergy and their respective administrators and government officers could also be deemed members within the solicitation of proxies from CCAC’s shareholders in reference to the proposed enterprise mixture. CCAC’s shareholders and different individuals might get hold of, with out cost, extra detailed info relating to the administrators and officers of CCAC in CCAC’s remaining prospectus filed with the SEC on February 12, 2020 in reference to CCAC’s preliminary public providing. Data relating to the individuals who might, beneath SEC guidelines, be deemed members within the solicitation of proxies to CCAC’s shareholders in reference to the proposed enterprise mixture might be set forth within the proxy assertion/prospectus for the proposed enterprise mixture when accessible. Further info relating to the pursuits of members within the solicitation of proxies in reference to the proposed enterprise mixture might be included within the proxy assertion/prospectus that CCAC intends to file with the SEC. You might get hold of free copies of those paperwork as described within the previous paragraph.

No Supply or Solicitation

This press launch isn’t 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 CCAC or Quanergy, nor shall there be any sale of any such securities in any state or jurisdiction by which 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 via a prospectus assembly the necessities of Part 10 of the Securities Act.

Ahead-Trying Statements

This press launch contains sure statements that aren’t historic details however are forward-trying statements for functions of the protected harbor provisions beneath the US Personal Securities Litigation Reform Act of 1995. Ahead-looking statements typically are accompanied by phrases akin to “imagine,” “might,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” “undertaking,” “anticipate,” “will probably outcome” and comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues. All statements, apart from statements of current or historic truth included on this press launch, together with these relating to the anticipated use of our sensible 3D LiDAR resolution to drive tourism technique and price range planning in Wando, the potential use of our IoT LiDAR resolution to optimize different tourism locations in South Korea, our expectations relating to our resolution’s skill to supply dependable accident prevention, the power of our sensible 3D LiDAR resolution to rework the operations of a given trade whereas enhancing individuals’s expertise and security, CCAC’s skill to consummate the proposed enterprise mixture, anticipated timing of the proposed enterprise mixture, and the mixed firm’s future merchandise are forward-looking statements. These statements are primarily based on numerous assumptions, whether or not or not recognized on this press launch, and on the present expectations of the respective administration of CCAC and Quanergy and usually are not predictions of precise efficiency. These forward-looking statements are supplied for illustrative functions solely and usually are not meant to function, and should not be relied on as, a assure, an assurance, a prediction or a definitive assertion of truth or chance. Precise occasions and circumstances are troublesome or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of CCAC or Quanergy. Potential dangers and uncertainties that might trigger the precise outcomes to vary materially from these expressed or implied by forward-looking statements embody, however usually are not restricted to, modifications in home and overseas enterprise, market, monetary, political and authorized circumstances; the shortcoming of the events to efficiently or well timed consummate the proposed enterprise mixture, together with the danger that any regulatory approvals usually are not obtained, are delayed or are topic to unanticipated circumstances that might adversely have an effect on the mixed firm or the anticipated advantages of the proposed enterprise mixture or that the approval of the shareholders of CCAC or Quanergy isn’t obtained; the shortcoming to finish the PIPE providing in reference to the enterprise mixture; failure to appreciate the anticipated advantages of the proposed enterprise mixture; threat referring to the uncertainty of the projected monetary info with respect to Quanergy; the quantity of redemption requests made by CCAC’s shareholders; the general stage of shopper demand for Quanergy’s merchandise; normal financial circumstances and different elements affecting shopper confidence, preferences, and conduct; disruption and volatility within the international forex, capital, and credit score markets; the power to keep up the itemizing of Quanergy’s securities on the New York Inventory Alternate; the monetary energy of Quanergy’s prospects; Quanergy’s skill to implement its enterprise technique; modifications in governmental regulation, Quanergy’s publicity to litigation claims and different loss contingencies; disruptions and different impacts to Quanergy’s enterprise, on account of the COVID-19 international pandemic and authorities actions and restrictive measures carried out in response; stability of Quanergy’s suppliers, in addition to shopper demand for its merchandise, in mild of illness epidemics and health-related issues such because the COVID-19 international pandemic; the impression that international local weather change tendencies might have on Quanergy and its suppliers and prospects; Quanergy’s skill to guard patents, emblems and different mental property rights; any breaches of, or interruptions in, Quanergy’s info programs; fluctuations within the worth, availability and high quality of electrical energy and different uncooked supplies and contracted merchandise in addition to overseas forex fluctuations; Quanergy’s skill to make the most of potential web working loss carryforwards; modifications in tax legal guidelines and liabilities, tariffs, authorized, regulatory, political and financial dangers. The foregoing record of potential dangers and uncertainties isn’t exhaustive. Extra info on potential elements that might have an effect on CCAC’s or Quanergy’s monetary outcomes is included occasionally in CCAC’s public studies filed with the SEC, together with its Annual Report on Type 10-Okay, Quarterly Reviews on Type 10-Q, and Present Reviews on Type 8-Okay in addition to the opposite paperwork CCAC has filed, or will file, with the SEC, together with the ultimate amended registration assertion on Type S-4 that can embody proxy statements/prospectus that CCAC will file with the SEC in reference to CCAC’s solicitation of proxies for the assembly of shareholders to be held to approve, amongst different issues, the proposed enterprise mixture. If any of those dangers materialize or CCAC’s or Quanergy’s assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward- trying statements. There could also be extra dangers that neither CCAC nor Quanergy presently know, or that CCAC and Quanergy at present imagine are immaterial, that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward- trying statements replicate CCAC’s and Quanergy’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. Neither CCAC nor Quanergy offers assurance that both CCAC or Quanergy, or the mixed firm, will obtain its expectations. CCAC and Quanergy anticipate that subsequent occasions and developments will trigger their assessments to alter. Nonetheless, whereas CCAC and Quanergy might elect to replace these forward-looking statements sooner or later sooner or later, CCAC and Quanergy particularly disclaim any obligation to take action, besides as required by regulation. These forward-looking statements shouldn’t be relied upon as representing CCAC’s or Quanergy’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.