Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 170

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 170
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 on such terms as the directors think fit.

A person whose shares have been forfeited shall
cease to be a shareholder in respect of the forfeited shares, but shall, notwithstanding such forfeit, remain liable to pay to us all
monies which at the date of forfeiture were payable by him to us in respect of the shares, together with all expenses and interest from
the date of forfeiture until payment, but his liability shall cease if and when we receive payment in full of the unpaid
amount.

A declaration, whether statutory or under oath,
made by a director or the secretary shall be conclusive evidence that the person making the declaration is a director or secretary of
us and that the particular shares have been forfeited or surrendered on a particular date.

Subject to the execution of an instrument of transfer,
if necessary, the declaration shall constitute good title to the shares.

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 Cayman Islands Companies Act.

Redemption and Purchase 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,