Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 203

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 203
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 |                      |     | $            | 500,000 |     | $         | — |

In December 2023, the Company engaged DFT for development of certain technology services. Mr. Guo, the Company’s former CFO who resigned on November 6, 2024, owns over 50% of the equity interest in DFT. In July 2024, the Company engaged DFT for development of a new APP, GO FLY APP, for the rental business. The total contract price for the GO FLY APP is $500,000, and the GO FLY APP was delivered on September 5, 2024. (C) Other Related Party Transactions On March 6, 2021, the Company and DGLG entered into an engagement letter, pursuant to which the Company engaged DGLG as a consultant to assist the Company in its IPO planning, financing and tax services. Mr. Guo, the Company’s former CFO who resigned on November 6, 2024, is a partner at DGLG. Under the terms of the engagement agreement with DGLG, the Company has agreed to compensate DGLG for consulting services based on an hourly fee arrangement. DGLG’s consulting fees were $225,000 and $100,000 for the nine months ended December 31, 2024 and 2023, respectively. In addition, during the nine months ended December 31, 2024, the Company paid DGLG a total of $37,400 for tax services, including sales tax services, payroll tax services, and income tax services, rendered by DGLG. 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. To secure these services, the Company prepaid a total of $165,000 to PJMG as of December 31, 2024. $165,000 was expensed as consulting expenses during the nine months ended December 31, 2024. During the nine months ended December 31, 2024, the Company paid PJMG a total of $232,547 for consulting services. 14 — SUBSEQUENT EVENTS The Company has evaluated subsequent events after December 31, 2024, up through February 19, 2025, the