Leadership & Pay ·
Ocean Capital appoints Yiyan Li as CEO and Stephen Posner as director after Sze and Chow resign
OCAC-WTOcean Capital Acquisition Corp
Ocean Capital Acquisition Corporation announced the immediate resignation of Chairman and CEO Kin (Stephen) Sze and independent director Dr. Pok Yu (Augustine) Chow, citing no disagreements with company operations. The Board appointed Ms. Yiyan Li as Chief Executive Officer, Chairman of the Board, and a director effective November 2, 2026; she will also serve as principal financial officer until a CFO is hired. Mr. Stephen J. Posner was simultaneously appointed as an independent director and member of the Audit, Governance, and Compensation Committees. Ocean Capital Acquisition Corporation operates as a blank check company focused on effecting a business combination with a target entity.