Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 107

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 107
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 tax services. As of May 1, 2025, nil is due to the Company to DGLG. On April 1, 2023, the Company agreed to retain the services of PJMG LLC (“PJMG”), a company in which Mr. Guo, the Company’s former CFO who resigned on November 6, 2024, holds over 50% 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 -onfundraising, and investor relationship management from June 2024 to May 2025. The service fee is $45,000 for the first month and from the second month the fees are $15,000 per month. To secure these services, the Company prepaid a total of $165,000 to PJMG as of December 31, 2024. From April 1, 2022 to May 1, 2025, $225,000 was expensed as consulting expenses. As of May 1, 2025, the prepayment balance was $75,000. Fly E Bike SRL, a company formed under the laws of the Dominican Republic and in which Mr. Ou holds over 50% of the equity interests, is a distributor for the Company. During the years ended March 31, 2025, 2024 and 2023, Fly E Bike SRL purchased certain EV products from the Company in the amount of $48,035, $326,914 and $136,565, respectively. As of May 1, 2025, March 31, 2024 and 2023, the Company had accounts receivable from Fly E Bike SRL in the amounts of $88,885, $326,914 and $136,565, respectively. In addition, during the year ended March 31, 2025, the Company advanced a total of $137,431 to Fly E Bike SRL. Such advance is unsecured, bears no interest and does not have a maturity date. As of May 1, 2025, $137,431 is due from Fly E Bike SRL to the Company. 70 In December 2023, the Company engaged DF Technology US Inc (“DFT”) for certain technology services. Mr. Guo, the Company’s former CFO, owns over 50% of the equity interest in D