Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 49

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
 the three months ended June 30, 2025, the Company received nil from Fly E Bike SRL.

Prepayments and other receivables — related parties

  Name of Related Party  Relationship  Nature  June 30,  2025   March 31,  2025   Fly E Bike SRL  Zhou Ou (CEO), owns over 50% equity interest of this entity  Other receivables  $147,288   $—   PJMG LLC  Ruifeng Guo (former CFO who resigned on November 6, 2024), owns over 50% equity interest of this entity  Prepayments   75,000    120,000   Prepayments and other receivables – related parties        $222,288   $120,000  

During the three months ended June 30, 2025, the Company advanced $147,288 to Fly E Bike
SRL, a distributor the Company works with and in which Mr. Ou holds over 50% of the equity interest.

On April 1, 2023, the Company agreed to retain the services of 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-on fundraising, and investor relationship
management originally from June 2024 to May 2025, further extended to September 2025. The service fee is $45,000 for the first month
and from the second month the fees will be $15,000 per month.

Long-term prepayment for software development – a related party

  Name of Related Party  Relationship  Nature  June 30,  2025   March 31,  2025   DF Technology US Inc (“DFT”)  Ruifeng Guo (former CFO who resigned on November 6, 2024), owns over 50% equity interest of this entity  Long-term prepayment for software development  $—   $136,580   Long-term prepayment for software development — a related party        $—   $136,580  

In December 2023,