Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 58

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 58
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 shareholders or by any of their estates to the Company (together, the lien amounts) but the directors may, at
any time, declare any share to be wholly or in part exempt from this article. the Company’s lien, if any, on a share shall extend
to all distributions payable thereon. Any registration of the transfer of a share shall operate to extinguish the Company’s lien
on that share.

<div align='center'>S-26</div>

We may sell, in such manner as the directors think
fit, any shares in which the Company has a lien, but no sale shall be made unless some amount in respect of which the lien exists is presently
payable and the period of fourteen days has elapsed after the Company has given a notice in writing, stating and demanding payment of
such part of the presently payable amount, to the relevant member.

Unclaimed Dividend

A dividend that remains unclaimed for a period
of six years after it became due for payment shall be forfeited to, and shall revert to the Company.

Forfeiture of Shares

If a shareholder fails to pay any call or instalment
of a call in respect of shares on the day appointed for payment, the directors may serve a notice on such shareholder naming a further
date not earlier than the expiration of 14 days from the date of service on or before which the payment required by the notice is to be
made and containing a statement that in the event of non-payment the shares, or any of them, will be liable to be forfeited.

A forfeited share may be sold or otherwise disposed
of on such terms and in such manner as the directors think fit, and at any time before a sale or disposition the forfeiture may be cancelled
on such terms as the directors think fit. the proceeds of any sale or disposition of the forfeited share may be received and used by the
company as the directors determine.

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
moneys which at the date of forfeiture were payable by him to us in respect of the shares, together with all interest.

A certificate in writing under the hand of a director
or officer stating that a share has been duly forfeited on the date stated in the certificate shall be conclusive evidence of the facts
stated in the certificate as against all persons claiming to be entitled to the share.