Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 165

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 165
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,565 |
| Accounts receivable - related parties |                       |                                                             |              |                     |        | $ |   326,914 |     | $ |   136,565 |

In June 2024, the Company received $ from Fly E Bike SRL.

Prepayments and other receivables - related parties

| Name of Related Party                               |     | Relationship                                                    |     | Nature            |     | March 31, 
 2024      |         |     | March 31, 
 2023      |   |
|:----------------------------------------------------|:----|:----------------------------------------------------------------|:----|:------------------|:----|:----------|--------:|:----|:----------|:--|
| Fly E Bike SRL                                      |     | Zhou Ou (CEO), owns over 50% equity interest of this entity     |     | Other receivables |     | $         | 180,256 |     |           | - |
| PJMG LLC                                            |     | Ruifeng Guo (CFO), owns over 50% equity interest of this entity |     | Prepayments       |     | $         |  60,000 |     |           | - |
| Prepayments and other receivables - related parties |     |                                                                 |     |                   |     | $         | 240,256 |     | $         | - |

During the year ended March 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. During the year ended March 31, 2024, Fly E Bike SRL repaid
$ to the Company. On June 12, 2024, the Company received $ from Fly E Bike SRL. For the prepayments to PJMG LLC, please
refer to Note 13 - Loan payables - related party.

F-30

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

| Name of Related Party                                                |     | Relationship                                                    |     | Nature                                        |     | March 31, 
 2024      |           |     | March 31, 
 2023      |   |
|:---------------------------------------------------------------------|:----|:----------------------------------------------------------------|:----|:----------------------------------------------|:----|:----------|----------:|:----|:----------|