Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 1433

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 7A
Chunk 1433
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 any director or
executive officer or beneficial owner of 5% or more of any class of our capital stock, or any immediate family member of any of the preceding
persons, had a direct or indirect material interest: 

From April 1, 2023 to
March 31, 2025, our Chairman and CEO, Mr. Ou, provided financial support to the Company by advancing funds and making various payments
on behalf of the Company totaling $3,274,924. These amounts payable to Mr. Ou are unsecured, bear no interest and do not have a maturity
date. From April 1, 2023 to March 31, 2025, the Company repaid a total of $1,207,404 to Mr. Ou, including repayment of amounts
owed to Mr. Ou prior to April 1, 2022. From April 1, 2023 to March 31, 2025, the Company transferred $2,263,630 of the
payable balance along with a cash contribution of $136,370 from Mr. Ou as capital contribution. As of March 31, 2025 and 2024, the
remaining balance of these payables was nil and $92,229, respectively. 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 March 31, 2025, the advance was paid back in full.

From April 1, 2023 to
March 31, 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, 2023 to March 31, 2025, the Company repaid $8,711 to Mr. Feng. As of March 31, 2025, the Company has paid off all amounts
owed to Mr. Feng.

From April 1, 2023 to
March 31, 2025, Mr. Ke Zhang, our Chief Human Resource Officer,