Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 185

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 185
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 vehicle servicing may harm customer satisfaction.

●Warranty claims or recalls could have a major financial impact.

●Aftermarket modifications may impair vehicle performance and harm our reputation.

15

Risks Related to Our Securities

●A stable and active market for our stock may not develop or be maintained.

●Stock price may be highly volatile and unpredictable.

●Directors and officers hold significant control, limiting shareholder influence.

●Public company status increases compliance costs.

●Lack of analyst coverage or negative analyst opinions may reduce stock value.

●“Emerging growth company” status may deter investors due to reduced disclosures.

●As a “smaller reporting company,” we may provide less public information.

●Future issuance of preferred stock could deter takeovers and affect stock value.

●We do not expect to pay cash dividends in the near future.

●Future stock sales may dilute ownership and lower the stock price.

●Directors and executive officers’ 18.7% control may block beneficial actions for shareholders.

●Delaware laws and corporate bylaws may hinder mergers or takeovers.

●Public company compliance diverts management focus from core operations.

●We may fail to meet Nasdaq listing requirements.

●FINRA rules may restrict buying/selling of our stock.

●Warrant holders have no stockholder rights until conversion.

●Lack of analyst reports or negative changes in coverage could harm our stock.

16

Risks Related to the Company’s Business,
Operations, and Industry 

We may be unable to meet our growing production
plans and delivery plans, any of which could harm our business and prospects.

In order to meet the demand
of our products in domestic and overseas markets, we plan to open more stores overseas while focusing on developing more wholesale domestic
customers. Our plans call for achieving and sustaining increases in vehicles production and deliveries. Our ability to achieve these plans
will depend upon a number of factors, including our suppliers’ ability to support our needs and our ability to utilize our current
assembling capacity, achieve the planned production yield and further increase capacity as planned while maintaining our desired quality
levels and optimize design and production changes. If we are unable to realize our plans, our brand, business, prospects, financial condition
and operating results could be materially damaged.

We are dependent on a limited number of
principal vendors in China for a significant portion of our vehicle components, and the inability of these vendors to deliver necessary
components of our products according to our schedule and at prices, quality levels and volumes acceptable to us, or our inability to