Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 154

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 154
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-term loan of $34,974 from AutoNation Honda Miami Lakes with an annual interest rate of 3.98%. The collateral provided was the Honda 
 vehicle purchased by Flyebikemiami Inc. From April 1 to June 26, 2024, the Company paid $1,579 on principal and interest of the loan.    |

| (ix) | On September 20, 2023, Fly-E Group, Inc obtained a line of                                                                              
 credit of $1,000,000 from Bank of Hope with a floating annual interest rate, currently at 8.5%. On the same date, the Company withdrew  
 $391,226 from Bank of Hope to pay off the loan balance with Flushing Bank as of September 15, 2023. On September 22, 2023 and December  
 12, 2023, the Company withdrew $400,000 and $205,000, respectively, from Bank of Hope to support its business operations. Mr. Zhou Ou,  
 the Company’s Chief Executive Officer, and Mr. Ke Zhang, the Company’s Chief Human Resource Officer, provided a guarantee               
 on this loan. To secure payment and performance of the liabilities, Fly-E Group pledged to Bank of Hope the following items: inventory, 
 chattel paper, accounts, equipment, and general intangibles of first 29 incorporated subsidiaries of the Company.                       |

| (x) | On October 2, 2023, the Company’s subsidiary, Fly14                                                                                     
 Corp. obtained a five-year long-term loan of $240,000 from JPMorgan Chase Bank, N.A. with an annual interest rate of 10.40%. To secure  
 payment and performance of the liabilities, Fly14 Corp. pledged to JPMorgan Chase Bank, N.A., a continuing security interest in all of  
 its right, title and interest in all of its properties, whether now owned or hereinafter acquired and whether now existing or hereafter 
 arising. From April 1 to June 26, 2024, the Company paid $10,329 on principal and interest of the loan.                                 |

For the years ended March 31, 2024 and 2023, the
total interest expenses on the Company’s outstanding loans amounted to $ and $, respectively.

F-23 9 - STOCKHOLDER’S EQUITY Prior to the effectiveness of the stock split discussed below, the Company was authorized to issue 400shares of common stock having a par value of