Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 197

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 197
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 operating leases as of March 31, 2024 were as follows: Remaining lease term and discount rate:

| Weighted average discount rate                |     | 6.4%       |
| Weighted average remaining lease term (years) |     | 5.51 years |

The Company leases its offices, warehouse, and retail stores under non -cancellableoperating lease agreements. Lease expenses were $3.26 million for the nine months ended December 31, 2024, including $1.00 million in cost of goods -occupancycost, $2.16 million in rent expense in selling expense, and $0.09 million rent expense in general and administrative expense. Lease expenses for the nine months ended December 31, 2023 were $2.33 million, including $0.39 million in goods -occupancycost, $1.73 million in rent expense in selling expense, and $0.2428 million in rent expense in general and administrative expense. For the nine months ended December 31, 2024, the Company terminated six leases.

F-60

FLY-E GROUP, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 11 — LEASES (cont.) As of December 31, 2024, future minimum lease liabilities, all under office and facilities non -cancellableoperating lease agreements, were as follows:

| As of December 31, 2024            
 2025                               |     | Operating   
 Lease       
 Liabilities |  4,065,892 |   |
|:-----------------------------------|:----|:------------|-----------:|:--|
| 2026                               |     |             |  3,957,134 |   |
| 2027                               |     |             |  3,629,042 |   |
| 2028                               |     |             |  3,001,292 |   |
| 2029                               |     |             |  1,500,384 |   |
| Thereafter                         |     |             |  1,821,813 |   |
| Total lease payments               |     |             | 17,975,557 |   |
| Less: interest                     |     |             | (2,671,190 | ) |
| Present value of lease liabilities |     | $           | 15,304,367 |   |

12 — COMMITMENTS AND CONTINGENCIES