Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 199

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 199
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FLY-E GROUP, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 12 — COMMITMENTS AND CONTINGENCIES (cont.) representations, common law unfair competition, common law unjust enrichment, and unlawful deceptive acts and practices. The response to the Complaint is due on May 8, 2025. The Company and UL are in the process of discussing settlement. If settlement efforts are unsuccessful, the Company intends to defend itself against the lawsuit. Inflation Inflationary factors, such as increases in personnel and overhead costs, could impair the Company’s operating results. Although the Company does not believe that inflation has had a material impact on the Company’s financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect on the Company’s ability to maintain current levels of gross margin and operating expenses as a percentage of sales revenue if the revenues do not increase with such increased costs. 13 — RELATED PARTY TRANSACTIONS (A) Related party balances Accounts receivable — related parties

|                                       | Name of Related Party |                                                             | Relationship |                     | Nature |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:--------------------------------------|:----------------------|:------------------------------------------------------------|:-------------|:--------------------|:-------|:--|-------------:|:----|:--|----------:|
| Fly E Bike SRL                        |                       | Zhou Ou (CEO), owns over 50% equity interest of this entity |              | Accounts receivable |        | $ |       88,885 |     | $ |   326,914 |
| Accounts receivable – related parties |                       |                                                             |              |                     |        | $ |       88,885 |     | $ |   326,914 |

During the nine months ended December 31, 2024, the Company received $285,814 from Fly E Bike SRL. Prepayments and other receivables — related parties

|                                             | Name of Related Party |                                                                                                         | Relationship |                   | Nature |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:--------------------------------------------|:----------------------|:--------------------------------------------------------------------------------------------------------|:-------------|:------------------|:-------|:--|-------------:|:----|:--|----------:|
| Fly E Bike SRL                              |                       | Zhou