Ocean Capital appoints Hao and Betts as independent directors after two resignations

Ocean Capital Acquisition Corp

On Aug 14, 2026, directors Hin Wing (Simon) Wong and Hiu Man (Elliott) Cheng resigned; Cheng also vacated audit, governance, and compensation committee chairs.
On Aug 16, 2026, Wei-Chieh Hao appointed independent director and chair of governance and compensation committees; he has 25+ years in asset management.
On Aug 18, 2026, Richard T. Betts appointed independent director and chair of audit committee; he is a former Deloitte, EY, and KPMG sustainability partner.
Betts will receive an indirect economic interest in 20,000 insider shares from sponsor SB Capital Holding upon business combination; Hao gets no pre-combination compensation.
Both resignations were not due to disagreements; no family relationships or material interests disclosed for new directors.

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