Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 200

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 200
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 Ou (CEO), owns over 50% equity interest of this entity                                             |              | Other receivables |        | $ |        6,057 |     | $ |   180,256 |
| PJMG LLC                                    |                       | Ruifeng Guo (former CFO who resigned on November 6, 2024), owns over 50% equity interest of this entity |              | Prepayments       |        |   |      165,000 |     |   |    60,000 |
| Prepayments and other receivables – related 
 parties                                     |                       |                                                                                                         |              |                   |        | $ |      171,057 |     | $ |   240,256 |

During the nine months ended December 31, 2024, the Company advanced $6,057 to Fly E Bike SRL, a distributor the Company works with and in which Mr. Ou holds over 50% of the equity interest. This advance is unsecured, bears no interest and does not have a maturity date. On June 12, 2024, the Company received $180,256 from Fly E Bike SRL. 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 -onfundraising, and investor relationship management from June 2024 to May 2025. The service fee is $45,000 for the first month and from the second month the fees will be $15,000 per month. To secure these services, the Company prepaid a total of $165,000 to PJMG as of December 31, 2024. From August 9, 2024 to September 17, 2024, the Company advanced $477,771 to Mr. Ou, Chairman and CEO of the Company, for personal use. This advance is unsecured, bears no interest and does not have a maturity date. As of December 31, 2024, the advance was paid back in full.

F-62

FLY-E GROUP, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS