Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 30

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 30
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 that we can always promptly adapt to the rapidly changing regulatory
environment. If we fail to effectively adjust to the changing regulatory landscape and comply with applicable laws and regulations
in our operating regions, our business, prospects, financial condition and operating results would be materially and adversely
affected.

We may be unable to adequately control the
costs associated with our operations.

We expect to incur significant
costs which will impact our profitability, including research and development expenses as we roll out new models and improve existing
models, raw material procurement costs and selling and distribution expenses as we build our brand and market our vehicles. Our ability
to remain profitable in the future will not only depend on our ability to successfully market our vehicles and other products and services
but also to control our costs. If we are unable to cost efficiently design, manufacture, market, sell and distribute and service our vehicles
and services, our business, prospects, financial condition and operating results would be materially and adversely affected.

We may not succeed in establishing, maintaining
and strengthening our brand, which could materially and adversely affect customer acceptance of our products, which could in turn materially
affect our business, results of operations or financial condition.

Our business and prospects
heavily depend on our ability to develop, maintain and strengthen the Fly E-Bike brand. If we are unable to establish, maintain and strengthen
our brand, we may lose the opportunity to build and maintain a critical mass of customers. Our ability to develop, maintain and strengthen
our brand will depend heavily on the success of our marketing efforts. Failure to develop and maintain a strong brand could materially
and adversely affect customer acceptance of our vehicles, could result in suppliers and other third parties being less likely to invest
time and resources in developing business relationships with us, and could materially adversely affect our business, prospects, financial
condition and operating results.

We have a relatively short operating history,
which makes it difficult to evaluate our future prospects, forecast financial results, and assess the risks and challenges we may face.

Our business is relatively
new and rapidly evolving. We first launched our business in 2018 and have a limited operating history. We have encountered in the past,
and will encounter in the future, risks and uncertainties frequently experienced by growing companies with limited operating histories
in rapidly changing industries. Risks and challenges we have faced or expect to face as a result of our relatively limited operating history
and evolving business model include our ability to:

●make operating decisions and evaluate our future prospects
and the risks and