Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 2771

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 8
Chunk 2771
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 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 services
is compatible with maintaining the auditor’s independence;

●reviewing and discussing the audit results, including any
comments and recommendations of the independent auditor and the responses of management to such recommendations;

●reviewing and discussing the annual and quarterly financial
statements with management and the independent auditor;

●producing a committee report for inclusion in applicable
SEC filings;

●reviewing the adequacy and effectiveness of internal controls
and procedures;

●establishing procedures regarding the receipt, retention
and treatment of complaints received regarding the accounting, internal accounting controls, or auditing matters and conducting or authorizing
investigations into any matters within the scope of the responsibility of the Audit Committee; and

●reviewing transactions with related persons for potential
conflict of interest situations.

Compensation Committee. Our Compensation
Committee consists of three independent directors. The members of the Compensation Committee are Lun Feng, Bin Wang and Zanfeng Zhang,
with Mr. Feng serving as the committee chair. The committee has primary responsibility for:

●reviewing and recommending all elements and amounts of compensation
for each executive officer, including any performance goals applicable to those executive officers;