Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 481

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1C
Chunk 481
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Item 1C. Cybersecurity

Our company diligently monitors
cybersecurity risks, conducting annual reviews at senior management levels and, when necessary, with the Audit Committee to update the
board of directors. Currently, we believe there are no significant cybersecurity threats that pose a material risk to our business strategy,
operations, or financial condition.

To safeguard data confidentiality,
integrity, and accessibility, we have established processes for assessing, identifying, and managing cybersecurity risks. We plan to
create a technology officer role with specialized security expertise to oversee information security (“IT”) and implement comprehensive
risk management procedures. These measures are expected to include response plans, regular system tests, third-party reviews, incident
simulations, and ongoing refinement of policies and procedures to mitigate risks.

Our primary strategy for
mitigating cyber risks involves storing sensitive data with trusted third-party providers who meet stringent audit and security standards.
We collaborate with third-party vendors who comply with various industry standards such as SOC.

We intend to engage a third-party
service provider to monitor our network and provide prevention, detection, correlation, investigation, and response to any security incidents,
promptly notifying management of any potential issues. We maintain backup data to facilitate recovery in the event of data loss or a
disaster.

Item 2. Properties

Our corporate and executive
offices that we own are located in 136-40 39th Avenue, Suite 202, Flushing, NY 11354, encumbered by debt. In addition, we
lease a warehouse in Maspeth, New York, where we assemble all of our vehicles. The warehouse, which is approximately 52,264 square feet,
is under one lease that is due to expire on April 30, 2029, at a current annual rent of approximately $1.2 million.  

We believe our facilities
are sufficient to meet our needs in the near term, as we expand our operations, we may require additional space in which to assemble
our vehicles and we do not have any commitments for such space. All of our retail stores are leased. For the year ended March 31, 2025
and 2024, we paid an aggregate of $2.9 million and $2.4 million, respectively, for the spaces used for retail stores.

Item 3. Legal Proceedings

We may be subject to legal
proceedings, investigations and claims incidental to the conduct of our business from time to time. As a provider of consumer products,
we are,