Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 166

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 166
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| DF Technology US Inc                                                 |     | Ruifeng Guo (CFO), owns over 50% equity interest of this entity |     | Long-term prepayment for software development |     | $         | 1,279,000 |     | $         | - |
| Long-term prepayment for software development - related parties, net |     |                                                                 |     |                                               |     | $         | 1,279,000 |     | $         | - |

In December 2023, the Company engaged DFT for
certain technology services. Mr. Guo, the Company’s CFO, owns over % of the equity interest in DFT. As of March 31, 2024, the
Company paid $ to DFT as prepayment for software development. As of March 31, 2024, construction in progress was $ (see
Note 5 - Property and Equipment).

Other payables - related parties

|                                | Name of Related Party |                              | Relationship |               | Nature |   | March 31, 
   2024(i) |     |   | March 31, 
   2023(i) |
|:-------------------------------|:----------------------|:-----------------------------|:-------------|:--------------|:-------|:--|----------:|:----|:--|----------:|
| Zhou Ou                        |                       | Chairman, CEO of the Company |              | Other payable |        | $ |    92,229 |     | $ |   332,481 |
| Other Payables-related parties |                       |                              |              |               |        | $ |    92,229 |     | $ |   332,481 |

| (i) | Represents the remaining balance of the advance provided                                                    
 by the related party to the Company’s subsidiaries for the purpose of supporting their business operations. |

All of the above payables are unsecured, non-interest
bearing, and due on demand. the Company paid a total of $ and $ to Mr. Zhou Ou during the years ended March 31, 2024 and
2023, respectively.

Loan payables - related party

| Name of Related Party         |     | Relationship                                                   |     | Nature       |     | March 31, 
 2024      |   |     | March 31, 
 2023      |         |
|:------------------------------|:----|:---------------------------------------------------------------|:----|:-------------|: