Corporate Governance

Siyu Huang, Ph.D., has served as Factorial’s Co-founder and Chief Executive Officer since January 2020 and as a member of the Factorial Board since August 2019. Dr. Huang co-founded Lionano Inc., a battery materials company and predecessor to Factorial, where she served on the Board of Directors from inception and held successive operational roles, including VP of Business Development and subsequently Chief Operating Officer, from October 2013 to October 2019. From 2014 to 2017, Dr. Huang participated in the Marketing Leadership Development Program at Johnson & Johnson. Dr. Huang holds a Ph.D. in Chemistry, M.S. in Chemistry, and an MBA from Cornell University, and a B.S. in Chemistry from Xiamen University. We believe that Dr. Huang is qualified to serve on the PubCo Board based on her record in building battery material, advancing solid-state battery technology from concept to deployment and securing strategic partnerships and financings for Factorial in her role as Chief Executive Officer. She has been recognized as one of Inc.’s Female Founders 250 (2024, 2025), a Boston Globe Tech Power Player (2023, 2025), and as one of Automotive News 100 Leading Women (2025). Dr. Huang is married to Dr. Yu, PubCo’s Co-founder, Chief Technology Officer and Director.

Alex Yu, Ph.D., has served as Factorial’s Co-founder and Chief Technology Officer since May 2022 and as a member of the Factorial Board since August 2019. From January 2020 to May 2022, Dr. Yu served as Factorial’s President, and from August 2019 to December 2019 served as Factorial’s CEO. Previously, from October 2013 to October 2019, Dr. Yu served as chief executive officer and founder of Lionano Inc., a predecessor to Factorial. Dr. Yu holds a Ph.D. in Chemistry from Cornell University and a B.S. in Chemistry from Xiamen University. We believe that Dr. Yu is qualified to serve on the PubCo Board based on his extensive battery materials and electrochemistry background and leadership in developing automotive-grade solid-state cells, and his knowledge of Factorial from his role as Factorial’s Chief Technology Officer. Dr. Yu is married to Dr. Huang, PubCo’s Co-founder, Chief Executive Officer and Director.

Joseph M. Taylor has served as Executive Chairman of the Factorial Board since May 2020. Mr. Taylor has served as director of CeriBell, Inc. (Nasdaq:CBLL) since May 2017. Previously, Mr. Taylor held various roles of increasing responsibility at Panasonic Corporation of North America (OTCMKTS: PCRFY), a diversified electronics and technology company with businesses spanning consumer electronics, automotive systems, energy storage, and industrial solutions, from September 1983 to April 2017, serving most recently as Chairman and Chief Executive Officer from April 2010 to April 2017. During this tenure, Mr. Taylor also served as Managing Executive Officer of parent company Panasonic Corporation for 12 years. Mr. Taylor also served as Vice-Chairman of the board of Trustees of the New Jersey Institute of Technology, a public polytechnic university, from June 2014 to June 2022 and has served as an advisory board member of WAVE Equity Partners, a private equity firm, since September 2023 and as an Advisor to Plug and Play, a startup accelerator. Mr. Taylor holds a B.A. from LaSalle College and an honorary doctorate from the New Jersey Institute of Technology. We believe that Mr. Taylor is qualified to serve on the PubCo Board due to his extensive experience in leading a large and innovative technology company and experience in corporate governance and business strategy.

Uwe Keller, Ph.D., has served as a member of the Factorial Board since February 2022. Dr. Keller has also served as Director of Battery Development at Mercedes-Benz AG, an automotive manufacturer, since January 2021. Previously, Dr. Keller served in various leadership roles at Mercedes-Benz AG, including Director of Autonomous Driving from March 2018 to December 2020 and Director of Drivetrain Systems from January 2015 to February 2018, and held positions of increasing responsibility at Mercedes-Benz AG from April 2000 to December 2014. Dr. Keller holds a Ph.D. in Control Engineering from Heriot-Watt University and a Diploma (Master) in Electrical Engineering from the Technical University Darmstadt. We believe that Dr. Keller is qualified to serve on the PubCo Board due to his extensive experience in automotive engineering, including battery systems and autonomous driving technologies, as well as his leadership experience at a global automotive manufacturer.

Liad Meidar has served as a member of the Factorial Board since May 2021. Mr. Meidar is the Founder and Managing Partner of Gatemore Capital Management, a principal investment firm focused on special situations and growth opportunities across public and private markets, a position he has held since May 2005. Mr. Meidar is also Co-Founder of GVP Climate, an affiliate of Gatemore Capital Management focused on climate technology investments. In addition, Mr. Meidar has served as Executive Chairman of GSE Worldwide, Inc., a sports marketing and talent management agency, since December 2018, and as Chairman of Adronite, Inc., an AI codebase intelligence technology company, since February 2026 (and board member since April 2025). Mr. Meidar has also served as a board member of Malibu Life Holdings Limited (LSE: MLHL) since May 2024 and SurvivorNet Inc. since November 2019. He has served on the Dean’s Advisory Council at Princeton University since April 2010. Mr. Meidar holds a Bachelor of Arts in Economics from Princeton University. We believe that Mr. Meidar is qualified to serve on the PubCo Board due to his extensive experience as a principal investor and board member across public and private companies, including his expertise in capital allocation, strategic growth initiatives and governance of technology and climate-focused businesses.

Dieter Zetsche, Ph.D., has served as Chairman of the Supervisory Board of TUI Group AG, a global tourism company, since June 2019, where he also serves on the audit and nomination committees. Dr. Zetsche has also served as a Senior Advisor at Perella Weinberg Partners since April 2024. Dr. Zetsche previously served as Vice Chairman of the board of Kensington Capital Acquisition Corp IV from March 2022 to September 2022 and Kensington Capital Acquisition Corp VI from March 2026. Previously, Dr. Zetsche served as Chairman of the Board of Management (Chief Executive Officer) of Daimler AG (formerly DaimlerChrysler AG), a global automotive manufacturer, from 2006 to 2019, and concurrently served as Head of Mercedes-Benz’ Cars Division from 2005 to 2019. Earlier in his career, Dr. Zetsche served as President and Chief Executive Officer of Chrysler Group from 2000 to 2005 and held various senior leadership roles at Daimler-Benz AG and its affiliates from 1992 to 2005, including responsibility for passenger car development and commercial vehicles. Dr. Zetsche holds a Doctor-Ingenieur from Technische Universität Paderborn and a Diplom-Ingenieur in Electrical Engineering from the Karlsruhe Institute of Technology. We believe that Dr. Zetsche is qualified to serve on the PubCo Board due to his extensive leadership experience in the global automotive industry, including decades of executive and board-level experience overseeing large-scale manufacturing, technology innovation and international business operations.

Jon K. Nelson has served as Chief Executive Officer of Stellantis Financial Services, the financial service operations of Stellantis N.V. (NYSE:STLA), since January 2026. From April 2024 to December 2025, Mr. Nelson served as a Partner and Automotive Deals Co-Leader at PricewaterhouseCoopers (“PwC”). From January 2021 to February 2024, Mr. Nelson served as Senior Vice President of Finance, Product Planning, Capital Allocation & Synergies at Stellantis N.V. Prior to that, Mr. Nelson served as Chief Accounting Officer and Group Controller of Fiat Chrysler Automobiles N.V. from February 2015 to January 2021, which merged with Groupe PSA to become Stellantis N.V. Earlier in his career, Mr. Nelson served in various roles, including in capital markets and accounting advisory roles, at PwC from August 2005 to January 2015. Mr. Nelson has also served as a member of the IFRS Interpretations Committee from August 2020 to March 2024. Mr. Nelson holds a Bachelor of Business Administration in Accounting from the University of Iowa. He is a licensed Certified Public Accountant (“CPA”) and holds a current active Michigan CPA license. We believe that Mr. Nelson is qualified to serve on the PubCo Board due to his extensive experience in financial reporting, accounting, capital markets advisory, and senior finance leadership roles across the global automotive industry, including his expertise in SEC reporting, SOX compliance, M&A transactions, and corporate governance.