Fly-E Group, Inc.

Fly-E Group, Inc. announced significant leadership changes. Lisa Fan has resigned from her positions as Chief Executive Officer and Director, effective immediately. The company has appointed Qiang Chen as the new CEO, bringing extensive experience in finance and public company management. Additionally, Jingxia Song has been appointed as an independent Director and will serve on the Audit, Nominating and Corporate Governance, and Compensation Committees. Both new appointments are effective immediately.

Fly-E Group, Inc. announced that the Nasdaq Stock Market LLC has determined the company is now in compliance with its periodic filing requirements. Previously, on July 21, 2026, Nasdaq had issued a delinquency notification to Fly-E Group for not meeting Listing Rule 5250(c)(1). Following the company's filing of its Form 10-K for the period ended March 31, 2026, on July 23, 2026, Nasdaq has closed the matter.

Fly-E Group, Inc. received a delinquency notification from Nasdaq on July 21, 2026, for failing to timely file its Annual Report on Form 10-K for the period ended March 31, 2026, which put it in non-compliance with Nasdaq Listing Rule 5250(c)(1). While this notice had no immediate effect on its listing, it could have led to delisting if not resolved. However, the company filed the overdue Form 10-K on July 23, 2026, thereby eliminating the need to submit a formal plan to regain compliance.

Fly-E Group, Inc. received a Nasdaq deficiency letter on July 21, 2026, for non-compliance due to the untimely filing of its annual 10-K report, which could lead to delisting. The company reported a significant decrease in net revenues from $25.4 million in 2025 to $19.1 million in 2026. These events unfold amidst ongoing federal securities class action and shareholder derivative lawsuits, alongside two reverse stock splits implemented in 2025.

Fly-E Group, Inc. held its 2025 Annual Meeting of Shareholders on June 17, 2026, where a quorum was present. Shareholders approved a proposal to amend the Company's Certificate of Incorporation to effect a reverse stock split of common stock by a ratio in a range of 1-for-5 to 1-for-100, at the Board's discretion within one year. Additionally, all four nominated directors were elected to the Board, and the selection of Fortune CPA, Inc. as the independent auditor for the fiscal year ended March 31, 2026, was ratified.

Fly-E Group, Inc. announced its 2025 Annual General Meeting of Stockholders to be held on June 17, 2026. Shareholders will vote on several proposals, including the election of four directors and the ratification of Fortune CPA, Inc. as the independent auditor for the fiscal year ended March 31, 2026. The most significant proposal is an amendment to the company's charter to effect a reverse stock split in a range of 1-for-5 to 1-for-100, aimed at increasing the per-share price to maintain Nasdaq listing compliance.

Fly-E Group, Inc. announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1). The company had previously received a notice on February 27, 2026, for not timely filing its Form 10-Q for the period ended December 31, 2025. Following the filing of the Form 10-Q on April 21, 2026, Nasdaq staff determined the company now complies, and the matter is closed.

Fly-E Group, Inc. filed its Form 10-Q for the quarterly period ended December 31, 2025, on April 21, 2026. The report indicates that as of the filing date, there were 1,632,386 shares of common stock outstanding. The company maintains its status as a non-accelerated filer, smaller reporting company, and emerging growth company.

Fly-E Group, Inc. received a deficiency letter from Nasdaq on April 17, 2026, for failing to hold its annual meeting of shareholders within twelve months of its fiscal year ended March 31, 2025, violating Listing Rule 5620(a). This notification does not result in immediate delisting. The company has 45 calendar days, until June 1, 2026, to submit a plan to regain compliance, with a potential extension up to September 28, 2026. The company attributes the delay to administrative issues and plans to timely regain compliance.