Fly-E Group Reports CFO Resignation; Appoints New CFO and Independent Director

What Happened

• Fly-E Group, Inc. (FLYE) filed an 8-K reporting that Lisa Fan resigned as Chief Financial Officer and Director, effective September 11, 2026. The filing states her resignation was not due to any disagreement with the company or its Board.
• The Board appointed Qiang Chen as Chief Financial Officer and Jingxia Song as an independent Director (and member of the Audit Committee, the Nominating and Corporate Governance Committee, and the Compensation Committee), each appointment effective September 11, 2026.

Key Details

• Resignation and appointments effective: September 11, 2026.
• New CFO: Qiang Chen, age 54; nearly 30 years of accounting/finance experience; former CFO of General Steel Holdings (2004–2015); CPA (California); Bachelor of Science in Business Administration (Accounting), Cal Poly Pomona.
• CFO compensation: Chen’s employment agreement sets annual pay at $60,000; the full employment agreement is filed as Exhibit 10.1 to the 8-K.
• New director: Jingxia Song, age 40; 16+ years in corporate operations and administration; most recently Deputy General Manager, Administration at Beijing Zeying Investment Co. Ltd (June 2018–Feb 2026).
• Neither Chen nor Song have family relationships with current officers or directors, and neither were party to transactions requiring Item 404(a) disclosure in the past two years, per the filing.

Why It Matters

• Leadership change in the finance function is material for investors because the CFO oversees SEC reporting, financial controls and investor communications. The new CFO’s experience and the employment agreement (annual pay of $60,000) are concrete facts investors can track.
• The appointment of an independent director who will serve on the Audit Committee is relevant to corporate governance and oversight of financial reporting. The filing confirms no disagreement prompted the CFO’s departure and discloses no related-party transactions for the new appointees.