Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 108

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 108
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FT. As of May 1, 2025 and March 31, 2024, the accumulative payments to DFT for development of the ERP system were $2,446,580 and $1,554,000, respectively. As of May 1, 2025 and March 31, 2024, construction in progress was $2,310,000 and $275,000, respectively, and primarily relating to the cost incurred to develop the software by DFT. As of May 1, 2025 and March 31, 2024, the Company had a prepayment of $136,580 and $1,279,000, respectively, to DFT. Policies and Procedures for Related Party Transactions Our audit committee charter provides that our audit committee will be responsible for reviewing and approving in advance any related party transaction. This will cover, with certain exceptions set forth in Item 404 of Regulation S -Kunder the Securities Act, any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships in which we were or are to be a participant, where the amount involved exceeds $120,000 and a related person had or will have a direct or indirect material interest, including, without limitation, purchases of goods or services by or from the related person or entities in which the related person has a material interest, indebtedness, guarantees of indebtedness and employment by us of a related person. 71

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information, As of May 1, 2025, regarding beneficial ownership of our Common Stock by: •each of our directors and executive officers; •all directors and executive officers as a group; and •each person, or group of affiliated persons, known by us to beneficially own five percent or more of our shares of Common Stock. Beneficial ownership is determined according to the rules of the SEC, and generally means that person has beneficial ownership of a security if he or she possesses sole or shared voting or investment power of that security, and includes options or warrants that are currently exercisable or exercisable within 60 days. Each director or officer, as the case may be, has furnished us with information with respect to beneficial ownership. Except as otherwise indicated, we believe that the beneficial owners of Common Stock listed below, based on the information each of them has given to us, have sole investment and voting power with respect to their shares, except where community property laws may