Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 81

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 81
---
 than $100,000 in compensation during the years
ended March 31, 2025 and 2024. The person listed in the following table is referred to herein as the “named executive officer.”

    Name and principal position 
    Year  
     Salary  
    Bonus  
    Stock  Awards  
    Option Awards  
    All Other  Compensation  
    Total  ($) 
  
    Zhou Ou 
     2025  
    $100,000  
     —  
     —  
     —  
     —  
    $100,000 
  
    Chief Executive Officer 
     2024  
    $100,000  
     —  
     —  
     —  
     —  
    $100,000 

49

Narrative
Disclosure to Summary Compensation Table

Zhou Ou, Chief Executive Officer

Mr. Ou has entered
into an employment agreement with one of our subsidiaries, FLYEBIKE Inc, dated April 1, 2023. Under the agreement, Mr. Zhou
Ou serves as the Chief Executive Officer of the Company and receives a monthly base salary of $8,333. He is also entitled to reimbursement
for authorized and reasonable business expenses. The agreement allows for at-will termination by either party. If Mr. Ou’s
employment is terminated due to death or disability, he or his estate will receive salary and benefits through the termination date.
The Company may terminate the agreement for cause, releasing it from all further obligations except for accrued salary and benefits through
the termination date. “Cause” includes failure or neglect by Mr. Ou to perform duties, disobedience to orders, misconduct
such as misappropriation of funds, personal profit from Company transactions, misrepresentation, legal violations, acts involving moral
turpitude or unethical conduct, disloyalty including aiding a competitor, failure to devote full-time efforts to the Company, not working
exclusively for the Company, non-cooperation in investigations, breaches of the employment agreement or the Company rules, and any other
act of misconduct or omission. The agreement includes covenants for non-disclosure, non-solicitation, and non-competition. For two years
post-termination, Mr. Ou agrees not to solicit the Company’s customers or engage in competing business activities within New York
State.

In order to