Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 162

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 162
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1,279,000 to DFT as prepayment for software development. As of March 31, 2024, construction in progress was $275,000 (see Note 5 — Property and Equipment).

F-29

FLY-E GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 13 — RELATED PARTY TRANSACTIONS (cont.) Other payables — related parties

|                                | Name of Related Party |                              | Relationship |               | Nature |   | March 31, 
   2024(i) |     |   | March 31, 
   2023(i) |
|:-------------------------------|:----------------------|:-----------------------------|:-------------|:--------------|:-------|:--|----------:|:----|:--|----------:|
| Zhou Ou                        |                       | Chairman, CEO of the Company |              | Other payable |        | $ |    92,229 |     | $ |   332,481 |
| Other Payables-related parties |                       |                              |              |               |        | $ |    92,229 |     | $ |   332,481 |

____________ (i)Represents the remaining balance of the advance provided by the related party to the Company’s subsidiaries for the purpose of supporting their business operations. All of the above payables are unsecured, non -interestbearing, and due on demand. the Company paid a total of $290,252 and $2,496,323 to Mr. Zhou Ou during the years ended March 31, 2024 and 2023, respectively. Loan payables — related party

| Name of Related Party         |     | Relationship                                                   |     | Nature       |     | March 31, 
 2024      |   |     | March 31, 
 2023      |         |
|:------------------------------|:----|:---------------------------------------------------------------|:----|:-------------|:----|:----------|:--|:----|:----------|--------:|
| PJMG LLC                      |     | Ruifeng Guo (CFO) owns over 50% equity interest of this entity |     | Loan payable |     | $         | — |     | $         | 150,000 |
| Loan Payables-related parties |     |                                                                |     |              |     | $         | — |     | $         | 150,000 |

On February 1, 2023, PJMG LLC (“