Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 203

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 203
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 no longer a clearing 
 agency registered under the Exchange Act and, in either case, a successor depositary is not appointed by us within 120 days after the     
 date of such notice from DTC;                                                                                                             |

| ● | we                                                                                                                                      
 in our sole discretion determine that the debt securities (in whole but not in part) should be exchanged for definitive debt securities 
 and deliver a written notice to such effect to the trustee; or                                                                          |

| ● | there                                                                                             
 has occurred and is continuing a default or event of default with respect to the debt securities. |

If debt securities are issued in certificated
form, they will only be issued in the minimum denomination specified in the accompanying prospectus supplement and integral multiples
of such denomination. Transfers and exchanges of such debt securities will only be permitted in such minimum denomination. Transfers of
debt securities in certificated form may be registered at the trustee’s corporate office or at the offices of any paying agent or
trustee appointed by us under the indentures. Exchanges of debt securities for an equal aggregate principal amount of debt securities
in different denominations may also be made at such locations.

Governing Law

The indentures and debt securities will be governed
by, and construed in accordance with, the laws of the State of New York, without regard to its principles of conflicts of laws, except
to the extent the Trust Indenture Act is applicable or as otherwise agreed to by the parties thereto.

Trustee

The trustee or trustees under the indentures will
be named in any applicable prospectus supplement.

Conversion or Exchange Rights

The prospectus supplement will describe the terms,
if any, on which a series of debt securities may be convertible into or exchangeable for our ordinary shares or other debt securities.
These terms will include provisions as to whether conversion or exchange is mandatory, at the option of the holder or at our option. These
provisions may allow or require the number of shares of our ordinary shares or other securities to be received by the holders of such
series of debt securities to be adjusted. Any such conversion or exchange will comply with applicable Cayman Islands law and our memorandum and articles of association.

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DESCRIPTION OF UNITS</div>

We may issue units comprising one or more of the
other securities described in this prospectus in any combination. Each unit will be issued so that the holder of the unit is also the
holder of each security included in the unit. Thus, the holder of