Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 106

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 106
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 and does not have a maturity date. As of May 1, 2025, the advance was paid back in full. From April 1, 2022 to May 1, 2025, Mr. Rui Feng, our Chief Operating Officer, advanced a total of $8,711 to the subsidiaries of the Company to support their business operations. These amounts payable to Mr. Feng are unsecured, bear no interest and do not have a maturity date. From April 1, 2022 to May 1, 2025, the Company repaid $64,937 to Mr. Feng, including repayment of amounts owed to him prior to April 1, 2022. As of May 1, 2025, the remaining balance of these payables was $8,000. From April 1, 2022 to May 1, 2025, Mr. Ke Zhang, our Chief Human Resource Officer, advanced an aggregate of $58,252 to the subsidiaries of the Company to support their business operations. These amounts payable to Mr. Zhang are unsecured, bear no interest and do not have a maturity date. From April 1, 2022 to May 1, 2025, the Company repaid $243,122 to Mr. Zhang, including repayment of amounts owed to him prior to April 1, 2022. As of May 1, 2025, the Company has paid off all amounts owed to Mr. Zhang. On March 6, 2021, the Company and DGLG Accounting and Tax LLC (“DGLG”) entered into an engagement letter, wherein the Company engaged DGLG as a consultant to assist the Company in its IPO planning, financing and tax services. Mr. Guo is a partner at DGLG. In December 2022, the Company hired Mr. Guo as its former CFO. 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. For the years ended March 31, 2025, 2024 and 2023, DGLG’s consulting fees were $225,000, $100,000 and $25,000, respectively. For the years ended March 31, 2025, 2024 and 2023, the Company paid DGLG a total of $57,850, $123,000 and $13,050, respectively, for