Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 18

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 18
---
 this prospectus, we refer to assets, obligations, commitments and liabilities in our consolidated financial statements in United States dollars. These dollar references are based on the exchange rate of RMB to United States dollars (“$” or “US$”), determined as of a specific date or for a specific period. Changes in the exchange rate will affect the amount of our obligations and the value of our assets in terms of United States dollars which may result in an increase or decrease in the amount of our obligations (expressed in dollars) and the value of our assets, including accounts receivable (expressed in dollars). This prospectus contains translations of certain RMB amounts into U.S. dollar amounts at specified rates solely for the convenience of the reader. The relevant exchange rates are listed below:

|                                      |     | For the Year 
 Ended        | December 31, 
         2024 |     | For the Year 
 Ended        | December 31, 
         2023 |     | For the Year 
 Ended        | December 31, 
         2022 |
|:-------------------------------------|:----|:-------------|-------------:|:----|:-------------|-------------:|:----|:-------------|-------------:|
| Period Ended USD:RMB exchange rate   |     |              |       7.2993 |     |              |       7.0999 |     |              |       6.8972 |
| Period Average USD:RMB exchange rate |     |              |       7.1957 |     |              |       7.0809 |     |              |       6.7290 |

We have relied on statistics provided by a variety of publicly-available sources regarding China’s expectations of growth. We did not, directly or indirectly, sponsor or participate in the publication of such materials, and these materials are not incorporated in this prospectus other than to the extent specifically cited in this prospectus. We have sought to provide current information in this prospectus and believe that the statistics provided in this prospectus remain up-to-date and reliable, and these materials are not incorporated in this prospectus other than to the extent specifically cited in this prospectus. Except where otherwise stated, all ordinary share accounts provided herein are on a pre-share-increase basis.

<div align='center'>S-1</div>

Overview

ERAYAK Power Solution Group Inc. was formed in
2019 under the laws of the Cayman Islands. We conduct business primarily through our wholly-owned subsidiaries, R