Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 176

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 176
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 they 
 pass a resolution that he has by reason of such absence vacated office;                                                                   |
| (c) | he dies, becomes bankrupt or makes any arrangement or composition with                                                                    
 his creditors generally;                                                                                                                  |
| (d) | he is found to be or becomes of unsound mind; or                                                                                          |
| (e) | all the other directors (being not less than two in number) resolve                                                                       
 that he should be removed as a director.                                                                                                  |

Each of the compensation committee and the nominating
and corporate governance committee shall consist of at least three directors and the majority of the committee members shall be independent
within the meaning of the Nasdaq corporate governance rules. The audit committee shall consist of at least three directors, all of whom
shall be independent within the meaning of the Nasdaq corporate governance rules and will meet the criteria for independence set forth
in Rule 10A-3 or Rule 10C-1 of the Exchange Act.

Powers and Duties of Directors

Subject to the provisions of the Cayman Islands
Companies Act and our memorandum and articles of association, our business shall be managed by the directors, who may exercise all our
powers. No prior act of the directors shall be invalidated by any subsequent alteration of our memorandum and articles of association.

The directors may delegate any of their powers
to any committee consisting of one or more directors. They may also delegate to any managing director or any director holding any other
executive office such of their powers as they consider desirable to be exercised by him provided that an alternate director may not act
as managing director and the appointment of a managing director shall automatically terminate if he ceases to be a director. Any such
delegation may be made subject to any conditions the directors may impose and may be revoked or altered. Subject to any such conditions,
the proceedings of a committee of directors shall be governed by the articles regulating the proceedings of directors, so far as they
are capable of applying.

The directors may establish any committees, local
boards or agencies or appoint any person to be a manager or agent for managing the affairs of our company and may appoint any person to
be a member of such committees or local boards. Any such appointment may be made subject to any conditions the directors may impose, and
may be revoked or altered. Subject to any such conditions, the proceedings of any such committee, local board or agency shall be governed
by the articles regulating the proceedings of directors, so far as they are capable of applying.