Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 159

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 159
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 term, discount rates, and remaining lease terms for the operating lease as of March 31, 2023 were as follows: Remaining lease term and discount rate:

| Weighted average discount rate                |     | 5%         |
| Weighted average remaining lease term (years) |     | 6.47 years |

The Company leases its offices, warehouse, and retail stores under non -cancellableoperating lease agreements. Lease expenses were $3.31 million, including $0.66 million cost of goods -occupancycost, $2.42 million rent expense in selling expense, and $0.23 million rent expense in general and administrative expense for the year ended March 31, 2024. Lease expenses were $2.34 million, including $0.48 million cost of goods -occupancycost, $1.74 million rent expense in selling expense, and $0.12 million rent expense in general and administrative expense for the year ended March 31, 2023. As of March 31, 2024, future minimum lease liabilities, all under office and facilities non -cancellableoperating lease agreements, were as follows:

| As of March 31, 2024               
 2025                               |     | Operating Lease 
 Liabilities     |  3,818,603 |   |
|:-----------------------------------|:----|:----------------|-----------:|:--|
| 2026                               |     |                 |  3,774,838 |   |
| 2027                               |     |                 |  3,666,143 |   |
| 2028                               |     |                 |  3,260,536 |   |
| 2029                               |     |                 |  2,678,719 |   |
| Thereafter                         |     |                 |  2,889,477 |   |
| Total lease payments               |     |                 | 20,088,316 |   |
| Less: interest                     |     |                 | (3,248,693 | ) |
| Present value of lease liabilities |     | $               | 16,839,623 |   |

F-27 FLY-E GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 12 — COMMITMENTS AND CONTINGENCIES Commitments The Company has not entered any off -balancesheet financial guarantees or other off -balancesheet commitments to guarantee the payment obligations of any third parties. The