Statement 1 : Equivalent mass of a species can be written as molar mass of species divided by valence factor.

Statement 2 : Valence factor represents valence in elements, acidity in bases, basicity in acids and total charge on cation or anion in an ionic compound.

Equivalent Weight(E) =$\frac{\mathrm{molecular} \mathrm{weight}}{\mathrm{valence}}$

valence depends on nature of substance

 $$\begin{gathered} \mathrm{For} \mathrm{acids} ,\mathrm{valence}=\mathrm{basicity} (\mathrm{number} \mathrm{of} {\mathrm{H}}^{+}\mathrm{ions} \mathrm{or} \mathrm{replaceable} \mathrm{H}-\mathrm{atoms} \mathrm{by} \mathrm{metal} \mathrm{atoms}) \\ \mathrm{For} \mathrm{a} \mathrm{Base}, \mathrm{valence}=\mathrm{Acidity}(\mathrm{number} \mathrm{of} {\mathrm{OH}}^{-} \mathrm{ions}) \\ \mathrm{For} \mathrm{Ionic} \mathrm{compounds} \mathrm{or} \mathrm{salts} , \mathrm{valence}=\mathrm{Total} \mathrm{charge} \mathrm{on} \mathrm{cation} \mathrm{or} \mathrm{anion} \end{gathered}$$

Both  statements 1 & 2 are true