Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 1042

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 5
Chunk 1042
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 themselves informed through discussions with our CEO and other key
executives, by reading the reports and other materials that we send them, and by participating in board and committee meetings. Directors
hold office until their successors have been elected and qualified or until he or she resigns or have been removed or disqualified.

Our board of directors are
divided into three classes of directors, with the classes as nearly equal in number as possible, and with the directors serving three-year
terms. The term of office of the Class I director, consisting of Lun Feng, will expire at our 2025 annual meeting of stockholders. The
term of office of the Class II directors, consisting of Zanfeng Zhang and Bin Wang, will expire at our 2026 annual meeting of stockholders.
The term of office of the Class III directors, consisting of Zhou Ou and Shiwen Feng, will expire at our 2027 annual meeting of stockholders.
As a result, approximately one-third of our board of directors will be elected each year. The classification of directors will have the
effect of making it more difficult for stockholders to change the composition of our board of directors. Our amended and restated
bylaws also provide that, subject to any rights of holders of preferred stock to elect additional directors under specified circumstances,
the number of directors will be fixed exclusively pursuant to a resolution adopted by our board of directors.

Committees of the Board of Directors

We have established an Audit
Committee, a Compensation Committee and a Nominating and Corporate Governance Committee. We have adopted a charter for each of the three
committees. Each committee’s members and functions are described below.

Audit Committee. Our Audit Committee
consists of three independent directors. The members of the Audit Committee are Bin Wang, Lun Feng and Zanfeng Zhang, with Mr. Wang
serving as the committee chair. The Audit Committee consists exclusively of directors who are financially literate. Mr. Wang is
considered an “audit committee financial expert” as defined by the SEC’s rules and regulations.

46

The Audit Committee responsibilities
include:

●overseeing the compensation and work of and performance by
our independent auditor and any other registered public accounting firm performing audit, review or attestation services for us;

●engaging, retaining and terminating our independent auditor
and determining the terms thereof;

●assessing the qualifications, performance and independence
of the independent auditor;

●evaluating whether the provision of permitted non-audit