Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 1992

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 9C
Chunk 1992
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. The benefits and amounts that will be received or allocated under
the 2024 Plan are generally not determinable at this time.

Director Compensation

The following table sets forth information as
to the compensation paid to our directors in the year ended March 31, 2025:

    Name 
    Cash Compensation  
    Stock Awards  
    Total 
  
    Bin Wang 
     37,500  
     -  
     37,500 
  
    Lun Feng 
     50,000  
     -  
     - 
  
    Zanfeng Zhang 
     7,500  
     -  
     7,500 
  
    Zhou Ou(1) 
     -  
     -  
     - 
  
    Shiwen Feng(3) 
    $-  
          -  
    $  - 

    (1)
    Mr. Ou does not receive any additional compensation as a director in addition to his compensation disclosed in the Summary Compensation Table.

    (2)
    Ms. Feng receives $6,667 per month for serving as Chief Financial Officer of the Company. Ms. Feng does not receive any additional compensation as a director.

53

Director Agreements

Each of the Company’s
independent directors, Bin Wang, Lun Feng and Zanfeng Zhang, has entered into an Independent Director Agreement (each, an “Independent
Director Agreement”). Under the Independent Director Agreement between us and each of our independent directors, Mr. Zhang
is entitled to an annual cash fee of $30,000, Mr. Wang and Mr. Feng each is entitled to an annual cash fee of $50,000.

We will also reimburse each
independent director for pre-approved reasonable business-related expenses incurred in good faith in connection with the performance of
the director’s duties for us. As also required under each Independent Director Agreement, we have separately entered into a standard
indemnification agreement with each of our directors, the term of which began on the date of the director’s appointment.

Item 12. Security Ownership of Certain Beneficial
Owner and Management and Related Stockholder Matters

The following table sets forth
information with respect to the beneficial ownership of our common stock as of July 15, 2025 by:

    ●
    each person known to us to beneficially own 5% or more of our common stock;

    ●