Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 1052

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 5
Chunk 1052
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 writing in
connection with such change of control for the assumption or continuation of such awards, or for the substitution for such awards with
new awards, with appropriate adjustments as to the number of shares (disregarding any consideration that is not common stock) and exercise
prices of options and SARs.

Plan Amendment and Termination

The Compensation Committee
may adopt, amend and rescind rules relating to the administration of the 2024 Plan, and our board of directors may amend, suspend, or
terminate the 2024 Plan at any time; provided, that, no such amendment or termination will be made that materially and adversely impairs
the rights of any participant with respect to any award granted under the 2024 Plan without the participant’s consent, other than
amendments that are necessary to permit the granting of awards in compliance with applicable laws. The 2024 Plan will automatically terminate
the day before the tenth (10th) anniversary of the Plan Effective Date, unless earlier terminated by our board of directors
or in accordance with the terms of the 2024 Plan.

New Plan Benefits

All awards to be made under
the 2024 Plan are discretionary, subject to the terms of the 2024 Plan. The benefits and amounts that will be received or allocated under
the 2024 Plan are generally not determinable at this time.

Director Compensation

The following table sets forth information as
to the compensation paid to our directors in the year ended March 31, 2025:

    Name 
    Cash Compensation  
    Stock Awards  
    Total 
  
    Bin Wang 
     37,500  
     -  
     37,500 
  
    Lun Feng 
     50,000  
     -  
     - 
  
    Zanfeng Zhang 
     7,500  
     -  
     7,500 
  
    Zhou Ou(1) 
     -  
     -  
     - 
  
    Shiwen Feng(3) 
    $-  
          -  
    $  - 

    (1)
    Mr. Ou does not receive any additional compensation as a director in addition to his compensation disclosed in the Summary Compensation Table.

    (2)
    Ms. Feng receives $6,667 per month for serving as Chief Financial Officer of the Company. Ms. Feng does not receive any additional compensation as a director.