Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 643

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 2
Chunk 643
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Committee consists of three independent directors. The members of the Compensation Committee are Lun Feng, Bin Wang and Zanfeng Zhang,
with Mr. Feng serving as the committee chair. The committee has primary responsibility for:

●reviewing and recommending all elements and amounts of compensation
for each executive officer, including any performance goals applicable to those executive officers;

●reviewing and recommending for approval the adoption, any
amendment and termination of all cash and equity-based incentive compensation plans;

●once required by applicable law, causing to be prepared a
committee report for inclusion in applicable SEC filings;

●approving any employment agreements, severance agreements
or change of control agreements that are entered into with the CEO and certain executive officers; and

●reviewing and recommending the level and form of non-employee
director compensation and benefits.

47

Nominating and Governance Committee. The
Nominating and Governance Committee consists of three independent directors. The members of the Nominating and Governance Committee are
Zanfeng Zhang, Bin Wang and Lun Feng, with Mr. Zhang serving as the committee chair. The Nominating and Governance Committee’s
responsibilities include:

●recommending persons for election as directors by the stockholders;

●recommending persons for appointment as directors to the
extent necessary to fill any vacancies or newly created directorships;

●reviewing annually the skills and characteristics required
of directors and each incumbent director’s continued service on the board;

●reviewing any stockholder proposals and nominations for directors;

●advising the board of directors on the appropriate structure
and operations of the board and its committees;

●reviewing and recommending standing board committee assignments;

●developing and recommending to the board Corporate Governance
Guidelines, a Code of Business Conduct and Ethics and other corporate governance policies and programs and reviewing such guidelines,
code and any other policies and programs at least annually;

●making recommendations to the board as to determinations
of director independence; and

●making recommendations to the board regarding corporate governance
based upon developments, trends, and best practices.

The Nominating and Governance
Committee will consider stockholder recommendations for candidates for the board of directors.

Involvement in Certain Legal Proceedings

None of our directors and
executive officers have been involved in any of the following events during the past ten years:

    ●
    any bankruptcy petition filed by or against such person or any business
    of which such person was a general partner or executive officer