Fly-E Group CEO Resigns; New CEO and Independent Director Appointed

What Happened

• Fly-E Group, Inc. announced on September 11, 2026 that Chief Executive Officer and Director Lisa Fan resigned effective immediately. The company said her resignation was not due to any disagreement with the company or the Board.
• The Board appointed Qiang Chen (age 54) as Chief Executive Officer and Jingxia Song (age 40) as an independent Director, effective September 11, 2026. Mr. Chen has ~30 years of accounting, finance and public company management experience (including CFO and CEO roles) and is a licensed CPA in California. Ms. Song has over 16 years of corporate operations and administration experience and will serve on the Audit, Nominating & Corporate Governance, and Compensation Committees.

Key Details

• Lisa Fan resigned effective September 11, 2026; resignation not due to any disagreement with the company or Board.
• Qiang Chen’s annual compensation under an employment agreement is $60,000; he holds a B.S. in Business Administration (Accounting) and is a California CPA.
• Jingxia Song’s annual compensation under an offer letter is $26,400; she will be an independent director and a member of the Audit, Nominating & Corporate Governance, and Compensation Committees.

Why It Matters

• Leadership and board changes are material events that can affect company strategy, governance and investor confidence. Investors should note the immediate change in the CEO role and the Board’s appointments.
• The new CEO’s extensive accounting, SEC reporting and public-company experience may strengthen financial oversight and compliance. Compensation levels disclosed are modest, which may be relevant to assessing near-term cash impact.
• The filing states there were no disagreements leading to the resignation, which reduces concerns about board conflict disclosed in the 8-K. Investors may watch for further announcements on strategy, operating changes, or any updates to executive management.