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.

Richard Wei has served as Factorial’s Chief Financial Officer since December 2025 and served as a financial advisor to Factorial from September 2025 to December 2025. From April 2018 to October 2020, Mr. Wei served as chief financial officer to ECMOHO Limited, a health and wellness e-commerce and integrated solutions company. Prior to that, Mr. Wei served as chief financial officer of five Nasdaq-listed technology, semiconductor, and online media companies for a total of over 18 years, including at Shanda Games Limited, Spreadtrum Communications, Inc., Silicon Motion Technology Corporation (Nasdaq:SIMO), Kong-Zhong Corporation, and ASE Test Limited. Earlier in his career, Mr. Wei spent six years as an equity research analyst covering the Asian technology and semiconductor sectors at Lehman Brothers Asia and Morgan Stanley Asia Limited. Mr. Wei also held various roles at companies such as IBM, Morgan Stanley and Lehman Brothers. Mr. Wei holds an MBA from Cornell University and an S.B. in Computer Science from Massachusetts Institute of Technology.

Jason Duva has served as Factorial’s General Counsel since April 2022 and as Head of Government Affairs since December 2024. From December 2020 to April 2022, Mr. Duva served as general counsel & chief administrative officer of Latham Group, Inc. (Nasdaq:SWIM), a global manufacturer of residential swimming pools and related products. Previously, from February 2005 to October 2020, Mr. Duva worked at Avid Technology, Inc., a global technology company, where he most recently served as executive vice president, chief legal and administrative officer and advisor. Mr. Duva holds a J.D. from Boston College Law School and an A.B. in Political Science from Brown University.