Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 163

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 163
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PJMG”), a company in which Mr. Guo, the Company’s CFO, holds over 50% of the equity interests, provided a loan of $150,000 to the Company (the “PJMG Loan”). The PJMG Loan was unsecured, bore no interest and was set to mature on May 31, 2024. Furthermore, the Company has agreed to retain the services of PJMG as a consultant following the completion of its IPO. To secure these services, the Company prepaid a total of $210,000 to PJMG during the year ended March 31, 2024, of which $150,000 was applied to offset the PJMG Loan. The remaining prepayments balance was $60,000 as of March 31, 2024, and it will be used from June 2024. See Note 13 — Prepayments and other receivables — related parties. (B) Related party transactions Revenues — related party

|                          | Name of Related Party |                                                            | Relationship |               | Nature | For the Years ended 
 March 31,           |    2024 |     |   |    2023 |
|:-------------------------|:----------------------|:-----------------------------------------------------------|:-------------|:--------------|:-------|:--------------------|--------:|:----|:--|--------:|
| Fly E Bike SRL           |                       | Zhou Ou (CEO) owns over 50% equity interest of this entity |              | Product sales |        | $                   | 326,914 |     | $ | 136,565 |
| Revenues-related parties |                       |                                                            |              |               |        | $                   | 326,914 |     | $ | 136,565 |

During the years ended March 31, 2024 and 2023, Fly E Bike SRL purchased certain EV products from the Company in the amount of $326,914 and $136,565, respectively. (C) Other Related Party Transactions (i) During the year ended March 31, 2024, Mr. Ou paid certain vendors of the Company to settle certain accounts payable balance on behalf the Company. On June 30, 2023, the Company transferred $2,263,630, a portion of the accounts payable balance, along with a cash contribution of $136,370 from Mr. Zhou Ou as capital contribution (see Note 9). On July 18, 2023, Mr. Ou paid $50,000