Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 189

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 189
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 annual interest rate of 7.0%. The collateral provided included the Fuso trucks, whether now owned or hereafter acquired by Universe King Corp., and together with all accessories, accessions, attachments thereto, and all other substitutions, renewals, replacements and improvements and all proceeds of the foregoing. As of December 31, 2024, the outstanding balance is $40,845. From January 1 to February 19, 2025, the Company paid $2,523 on principal and interest of the loan. (iv)On January 3, 2023, Fly E -Bike, Inc. obtained a one -yearand three -monthlong -termloan of $100,000 from Sinoelite Corp with no interest. On April 25, 2024, the Company paid off this loan in full. (v)On June 12, 2023, Flyebikemiami Inc obtained a four -yearlong -termloan of $34,974 from AutoNation Honda Miami Lakes with an annual interest rate of 3.98%. The collateral provided was the Honda vehicle purchased by Flyebikemiami Inc. As of December 31, 2024, the outstanding balance is $24,635. From January 1 to February 19, 2025, the Company paid $1,579 on principal and interest of the loan. (vi) On September 20, 2023, Fly -EGroup, Inc obtained a line of credit of $1,000,000 from Bank of Hope with a floating annual interest rate, currently at 8.5%. On the same date, the Company withdrew $391,226 from Bank of Hope to pay off the loan balance with Flushing Bank as of September 15, 2023. On September 22, 2023 and December 12, 2023, the Company withdrew $400,000 and $205,000, respectively, from Bank of Hope to support its business operations. Mr. Zhou Ou, the Company’s Chief Executive Officer, and Mr. Ke Zhang, the Company’s Chief Human Resource Officer, provided a guarantee

F-54 FLY-E GROUP, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 8 — LOAN PAYABLE (cont.) on this loan. To secure payment and performance of the liabilities, Fly -EGroup pledged to Bank of Hope the following items: inventory, chattel paper, accounts,