Sec Form 4 Filing - Yu Tianyue @ 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 Yu Tianyue 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 (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 Common Stock 02/08/2022 A 168,867 A 168,867 D Common Stock 02/08/2022 A 2,479,801 A 2,479,801 I See footnote.( 2 ) Common Stock 02/08/2022 A 484,993 A 484,993 I See footnote.( 3 ) Common Stock 02/08/2022 A 484,993 A 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 (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 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Yu Tianyue C/O QUANERGY SYSTEMS,INC. 433 LAKESIDE DRIVE SUNNYVALE, CA94085 X Chief Development Officer 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 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.

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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