Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 161

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 161
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 unfair competition, unjust enrichment, and deceptive business practices. The Company is currently in settlement discussions with UL. If these discussions are not successful, the Company intends to defend the matter in court. Based on management’s assessment, the Company does not currently have strong defenses, and a material loss is considered reasonably possible. No accrual has been recorded as the outcome is not yet probable or reasonably estimable under applicable accounting guidance. Inflation Inflationary factors, such as increases in personnel and overhead costs, could impair the Company’s operating results. Although the Company does not believe that inflation has had a material impact on the Company’s financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect on the Company’s ability to maintain current levels of gross margin and operating expenses as a percentage of sales revenue if the revenues do not increase with such increased costs. F-28

FLY-E GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 13 — RELATED PARTY TRANSACTIONS (A) Related party balances Accounts receivable — 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 |              | Accounts receivable |        | $ |   326,914 |     | $ |   136,565 |
| Accounts receivable – related parties |                       |                                                             |              |                     |        | $ |   326,914 |     | $ |   136,565 |

In June 2024, the Company received $282,814 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