Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 173

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 173
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 of Own Shares

Subject to the Cayman Islands 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 the terms and in the manner 
 our directors determine before the issue of those shares;                                                                              |
| (b) | purchase  our own shares                                                                                                               
 including any redeemable shares on the terms and in the manner which the directors determine at the time of such purchase;             |
| (c) | make                                                                                                                                   
 a payment in respect of the redemption or purchase of our own shares in any manner permitted by the                                    
 Cayman Islands Companies Act including out of capital; and                                                                             |
| (d) | permit the surrender of fully paid shares                                                                                              
 for no consideration.                                                                                                                  |

We may make a payment in respect of the redemption
or purchase of its own shares in any manner authorized by the Cayman Islands 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 make the payment in cash or in specie (or partly in one and partly in the other) if so authorized
by the terms of the allotment of those shares or by the terms applying to those shares, or otherwise by agreement with the shareholder
holding those shares.

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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 into the register of members of the Company.

Our board of directors may, in its absolute
discretion, decline to register any transfer of any ordinary share without giving any reason.

If