Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 133

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 133
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 E-Bike and its subsidiaries are under common control of Fly-E Group, resulting in the consolidation of Fly E-Bike and its subsidiaries,
which was accounted as a reorganization of entities under common control at carrying value. The consolidated financial statements are
prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the consolidated
financial statements of Fly-E Group.

The consolidated financial statements include
the financial statements of the Company and each of the following subsidiaries as of March 31, 2024.

| Name               
 FLY-E GROUP, INC.  
 FLY EV, INC.       |     | Background                                                                      
 ● A Delaware corporation ● Incorporated on November 1, 2022 ● A holding company 
 ● A Delaware corporation ● Incorporated on November 1, 2022 ● A holding Company |     | Ownership                       
 Parent Company                  
 100% owned by Fly-E Group, Inc. |
|:-------------------|:----|:--------------------------------------------------------------------------------|:----|:--------------------------------|
| FLY E-BIKE, INC.   |     | ● A Delaware Company ● Incorporated on August 22, 2022 ● A holding Company      |     | 100% owned by Fly-E Group, Inc. |
| UNIVERSE KING CORP |     | ● A New York corporation ● Incorporated on November 19, 2018 ● A retail store   |     | 100% owned by Fly E-Bike, Inc.  |
| UFOTS CORP.        |     | ● A New York corporation ● Incorporated on May 2, 2019 ● A retail store         |     | 100% owned by Fly E-Bike, Inc.  |

F-7

| ARFY CORP.   
 TKPGO CORP.  |     | ● A New York corporation ● Incorporated on April 29, 2020 ● A retail store                        
 ● A New York corporation ● Incorporated on July 3, 2018 ● A retail store                          |     | 100% owned by Fly E-Bike, Inc. 
 100% owned by Fly E-Bike, Inc. |
|:-------------|:----|:--------------------------------------------------------------------------------------------------|:----|:-------------------------------|
| FLYFLS INC   |     | ● A New York corporation ● Incorporated on October 13, 2020 ● A retail store and corporate office |     | 100% owned by Fly E-Bike, Inc. |
| FLY37 INC    |