Sec Form 4 Filing - KENNEDY KEVIN @ CITIC Capital Acquisition Corp. - 2022-02-08

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person KENNEDY KEVIN 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) CEO; Chairman of Board (Last) (First) (Middle) C/O QUANERGY SYSTEMS, INC., 433 LAKESIDE DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 02/08/2022 (Street) SUNNYVALE, CA94085 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (right to buy) $ 12.74 02/08/2022 A( 1 ) 193,997 ( 2 ) 03/30/2029 Common Stock 193,997 ( 3 ) 193,997 D Restricted Stock Unit ( 4 ) 02/08/2022 A( 1 ) 14,289 ( 5 ) ( 7 ) Common Stock 14,289 $ 0 14,289 D Restricted Stock Unit ( 4 ) 02/08/2022 A( 1 ) 1,097,229 ( 5 ) ( 7 ) Common Stock 1,097,229 $ 0 1,097,229 D Restricted Stock Unit ( 4 ) 02/08/2022 A( 1 ) 1,333,650 ( 6 ) ( 8 ) Common Stock 1,333,650 $ 0 1,333,650 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KENNEDY KEVIN C/O QUANERGY SYSTEMS, INC. 433 LAKESIDE DRIVE SUNNYVALE, CA94085 X CEO; Chairman of Board Signatures /s/ Jerry Allison (Attorney-in-Fact) 02/10/2022 Signature of Reporting Person Date

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 shall vest in a series of forty-eight (48) successive equal monthly installments each month from March 31, 2019(the"Vesting Calculation Date"), such that the shares will be fully vested on the four (4) year anniversary of the Vesting Calculation Date. All vesting ceases upon termination of service ( 3 )Received in connection with Business Combination in exchange for option to acquire 40,000 shares of common stock of Legacy Quanergy for $49.43 per share. ( 4 )Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. ( 5 )Fully vested. ( 6 )One-twelfth (I/12th) vests quarterly from January 13, 2020 provided Participant has not terminated Service on each applicable date (February 15, May 15, August 15, and November 15). ( 7 )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 RSU is fully vested. ( 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. The unvested portion of the outstanding RSU award will continue to vest as described in footnote 6 subject to the reporting person's continued service with the Issuer through the applicable vesting 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).

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