Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 519

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1C
Chunk 519
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    Shiwen Feng(3) 
    $-  
          -  
    $  - 

    (1)
    Mr. Ou does not receive any additional compensation as a director in addition to his compensation disclosed in the Summary Compensation Table.

    (2)
    Ms. Feng receives $6,667 per month for serving as Chief Financial Officer of the Company. Ms. Feng does not receive any additional compensation as a director.

53

Director Agreements

Each of the Company’s
independent directors, Bin Wang, Lun Feng and Zanfeng Zhang, has entered into an Independent Director Agreement (each, an “Independent
Director Agreement”). Under the Independent Director Agreement between us and each of our independent directors, Mr. Zhang
is entitled to an annual cash fee of $30,000, Mr. Wang and Mr. Feng each is entitled to an annual cash fee of $50,000.

We will also reimburse each
independent director for pre-approved reasonable business-related expenses incurred in good faith in connection with the performance of
the director’s duties for us. As also required under each Independent Director Agreement, we have separately entered into a standard
indemnification agreement with each of our directors, the term of which began on the date of the director’s appointment.

Item 12. Security Ownership of Certain Beneficial
Owner and Management and Related Stockholder Matters

The following table sets forth
information with respect to the beneficial ownership of our common stock as of July 15, 2025 by:

    ●
    each person known to us to beneficially own 5% or more of our common stock;

    ●
    each director;

    ●
    each of our executive officers; and

    ●
    all officers and directors as a group.

All information with respect
to beneficial ownership has been furnished by the respective 5% or more stockholders, directors or executive officers, as the case may
be. Each person is deemed to own beneficially shares of common stock that are issuable upon exercise of options, warrants or upon conversion
of convertible securities if they are exercisable or convertible within 60 days of July 15, 2025. Except as otherwise indicated each person
has the sole power to vote and dispose of all shares of common stock listed opposite his or her name. Unless otherwise noted, the mailing
address of each listed beneficial owner is c/o Fly-E Group, Inc., 136