Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 59

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 59
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Share Premium Account

The directors shall establish a share premium
account and shall carry the credit of such account from time to time to a sum equal to the amount or value of the premium paid on the
issue of any share or capital contributed or such other amounts required by the Companies Act.

Redemption and Purchase of Own Shares

Subject to the Companies Act and any rights for
the time being conferred on the shareholders holding a particular class of shares, we may:

| (a) | issue shares that are to be redeemed or liable to be redeemed, at our option or the shareholder holding those redeemable shares, on such terms and in such manner as our directors may determine before the issue of those shares; |
| (b) | purchase our own shares including any redeemable shares on such terms and in such manner as the directors determine;                                                                                                               |
| (c) | make a payment in respect of the redemption or purchase of our own                                                                                                                                                                 
 shares in any manner permitted by the Companies Act including out of capital; and                                                                                                                                                  |
| (d) | permit the surrender of fully paid shares for no consideration.                                                                                                                                                                    |

<div align='center'>S-27</div>

We may make a payment in respect of the redemption
or purchase of its own shares in any manner authorized by the Companies Act, including out of any combination of our profits, share premium
account, or the proceeds of a fresh issue of shares, and if so authorized by the memorandum and articles of association, out of capital.

When making a payment in respect of the redemption
or purchase of shares, the directors may, when making payments in respect of redemption or purchase of shares, if authorised by the terms
of issue of the shares being redeemed or purchased or with the agreement of the holder of such Shares, make such payments either in cash
or in kind.

Transfer of Shares

Provided that a transfer of ordinary share complies
with applicable rules of the Nasdaq, a shareholder may transfer ordinary share to another person by completing an instrument of transfer
in a common form or in a form prescribed by Nasdaq or in any other form approved by the directors, executed:

| (a) | where the ordinary share are fully paid, by or on behalf of that shareholder; and |

| (b) | where the ordinary share are not fully paid, by or on behalf of that shareholder and the transferee. |

The transferor shall be deemed to remain the holder
of an ordinary share until the name of the transferee is entered