Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 90

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 90
---
Throughout this prospectus, unless the context
indicates otherwise, references to “Erayak”, “we,” “us,” the “Company,” “our company”
refer to ERAYAK Power Solution Group Inc., a holding company. References to “Subsidiaries,” “Operating Subsidiaries,”
or “PRC subsidiaries” refer to the Erayak’s subsidiaries established under the laws of the People’s Republic of
China. References to “Group” are to Erayak and its consolidated subsidiaries collectively.

ERAYAK Power Solution Group Inc., or Erayak, is
a holding company incorporated in Cayman Islands. As a holding company with no material operations, Erayak conducts a substantial majority
of its operations through its subsidiaries established in the People’s Republic of China, or the PRC or China. Because of our corporate
structure as a Cayman Islands holding company with operations conducted by our PRC subsidiaries, it involves unique risks to investors.
Furthermore, Chinese regulatory authorities could change the rules and regulations regarding foreign ownership in the industry in which
the company operates, which would likely result in a material change in our operations and/or a material change in the value of the securities
we are registering for sale, including that it could cause the value of such securities to significantly decline or become worthless.
Investors in our Class A ordinary shares should be aware that they will not and may never directly hold equity interests in the PRC operating
entities, but rather purchasing equity solely in Erayak, our Cayman Islands holding company. Furthermore, shareholders may face difficulties
enforcing their legal rights under United States securities laws against our directors and officers who are located outside of the United
States.

Investing in our Class A ordinary shares involves a high degree of risk. Before buying any Class A ordinary shares, you should carefully read the discussion of material risks of investing in our Class A ordinary shares in “Risk Factors” beginning on page 16 of this prospectus.

The Chinese government has exercised and continues
to exercise substantial control over virtually every sector of the Chinese economy through regulation and state ownership. Our ability
to operate in China may be harmed by changes in its laws and regulations, including those relating to taxation, environmental regulations,
land use rights, property and other matters. The central or local governments of these jurisdictions may impose new, stricter regulations
or interpretations of existing regulations that would require additional expenditures and efforts on our part to ensure our compliance
with such regulations or interpretations. Accordingly, government actions in the