On September 11, 2026, Lisa Fan resigned as Chief Executive Officer and Director of Fly-E Group, Inc., effective immediately. The Board appointed Qiang Chen as the new CEO and Jingxia Song as an independent director and Audit Committee member. Mr. Chen’s annual compensation is set at $60,000 under a new employment agreement, while Ms. Song’s annual compensation is $26,400. These leadership changes are material as they alter the company's executive management structure.
