Recent Updates — OCAC-WT

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.

On September 9, 2026, Dr. Man Kai (Anthony) Ho resigned as Chief Financial Officer of Ocean Capital Acquisition Corporation, effective immediately. The resignation was not due to any disagreement regarding the company's operations or policies. CEO Kin (Stephen) Sze will assume CFO responsibilities until a successor is appointed. Ocean Capital Acquisition Corp operates in the special purpose acquisition company industry, seeking to merge with or acquire private operating companies.