Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 21

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 21
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 Safety Act; C-tick certification by the Australian Communications Media
Authority; FCC Mark from the U.S. Federal Communications Commission, PAH certification mark for Polycyclic Aromatic Hydrocarbon concentrations;
REACH Certification for substances of very high concern under the European Chemicals Agency; CE Mark certifying compliance with European
Union safety, health and environmental protection standards; RoHs Mark for compliance with the Restriction of Hazardous Substances in
the European Union; c ETL Certification for compliance with Canadian safety standards; and us ETL Mark for compliance with U.S. safety
standards.

We generated revenue mostly from four types of
products: (1) inverters constituted approximately 46%, 59% and 52% of our total revenue for the fiscal years ended December 31, 2024,
2023 and 2022, respectively; (2) chargers, which generated approximately 1.82%, 2.68% and 2.16% of our total revenue for the fiscal years
ended December 31, 2024, 2023 and 2022, respectively; (3) gasoline generators generated approximately 32.94%, 32.36% and 43.82% of our
total revenue for the fiscal years ended December 31, 2024, 2023 and 2022, respectively; (4) power bank generated approximately 16.39%,
3.96% and 0% of our total revenue for the fiscal years ended December 31, 2024, 2023 and 2022, respectively.

Due to our substantial investment in research
and development, Zhejiang Leiya was awarded High-Tech Enterprise status by the Zhejiang provincial government, which qualified us for
China’s National High-Tech Enterprise Program, a national-level program. Specifically, companies in the China’s National High-Tech
Enterprise Program are eligible for up to a 10% corporate income tax break and certain deductions related to intangible assets, such as
obtaining patents in the R&D process. Additionally, our research and patents in the power solution space have brought us local recognition;
we were awarded certificates by the provincial and city government that identifies us as a Zhejiang Science and Technology Enterprise,
and a Wenzhou Science and Technology Innovation Enterprise. These certificates entitle us to certain preferential tax treatment and sometimes
grants from the government to aid R&D efforts in furtherance of the business. Furthermore, we are