On February 13, 2020, CITIC Capital Acquisition Corp. consummated its initial public offering of 27,600,000 units (the “Units”), including the issuance of 3,600,000 Units as a result of the underwriters’ exercise of their over-allotment option in full. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-half of one redeemable warrant of the Company (each whole warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $276,000,000. On February 10, 2020, in connection with the IPO, Henri Arif was appointed to the board of directors of the Company (the “Board”). Effective February 10, 2020, Mr. Arif was appointed to the Board’s Compensation Committee, Audit Committee and Nominating and Corporate Governance Committee with Mr. Arif serving as chair of all three Committees. Following the appointment of Mr. Arif, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Fanglu Wang and will expire at the Company’s first annual meeting of shareholders; the term of office of the second class of directors, Class II, consists of Eric Chan and will expire at the Company’s second annual meeting of shareholders; and the term of office of the third class of directors, Class III, consists of Mr. Arif and will expire at the Company’s third annual meeting of shareholders.