Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 208

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 208
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180,256 |
| PJMG LLC                                            |                       | Ruifeng Guo (former CFO who resigned on November 6, 2024), owns over 50% equity interest of this entity |              | Prepayments       |        |   |      165,000 |     |   |    60,000 |
| Prepayments and other receivables - related parties |                       |                                                                                                         |              |                   |        | $ |      171,057 |     | $ |   240,256 |

During the nine months ended December 31, 2024,
the Company advanced $ to Fly E Bike SRL, a distributor the Company works with and in which Mr. Ou holds over % of the equity interest.
This advance is unsecured, bears no interest and does not have a maturity date. On June 12, 2024, the Company received $ from Fly
E Bike SRL. On April 1, 2023, the Company agreed to retain the services of PJMG, a company in which Mr. Guo, the Company’s former
CFO who resigned on November 6, 2024, holds over % of the equity interests as a consultant following the completion of its IPO. PJMG
was engaged to provide compliance consulting services related to accounting, finance, and management, as well as to oversee market planning
and development, follow-on fundraising, and investor relationship management from June 2024 to May 2025. The service fee is $ for
the first month and from the second month the fees will be $ per month. To secure these services, the Company prepaid a total of
$ to PJMG as of December 31, 2024. From August 9, 2024 to September 17, 2024, the Company advanced $ to Mr. Ou, Chairman
and CEO of the Company, for personal use. This advance is unsecured, bears no interest and does not have a maturity date. As of December
31, 2024, the advance was paid back in full.

Long-term prepayment for software development - related parties, net

| Name of Related Party                                                
 DF Technology US Inc                                                 |     | Relationship                                                                                            
 Ruifeng Guo (former CFO who resigned on November 6, 2024), owns over 50% equity interest of this entity |     | Nature                                        
 Long-term prepayment for software development |     | December 31, 
 2024         | 536