Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 126

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 126
---
.” See page 22.                                       |

| ● | “Adverse changes                                                                                                                       
 in political and economic policies of the PRC government could have a material adverse effect on the overall economic growth of China, 
 which could reduce the demand for our products and services and materially and adversely affect our competitive position.”             
 See page 23.                                                                                                                           |

| ● | “We may become subject                                                                                                                 
 to a variety of laws and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable 
 for improper use or appropriation of personal information provided by our customers.” See page 29.                                     |

| ● | “Trading in our securities                                                                                                                   
 may be prohibited under the HFCAA and as a result an exchange may determine to delist our securities if it is later determined that          
 the PCAOB is unable to inspect or investigate completely our auditor because of a position taken by an authority in a foreign jurisdiction.” 
 See page 35.                                                                                                                                 |

| ● | “The recent joint                                                                                                                    
 statement by the SEC and PCAOB, proposed rule changes submitted by Nasdaq, and the Holding Foreign Companies Accountable Act all     
 call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of their 
 auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. These developments could add uncertainties to our     
 offering.” See page 33.                                                                                                              |

| ● | “The approval of                                                                                                                 
 the China Securities Regulatory Commission may be required in connection with this offering, and, if required, we cannot predict 
 whether we will be able to obtain such approval.” See page 35.                                                                   |

<div align='center'>13</div>

| ● | “To the extent cash                                                                                                                   
 or assets in the business is in the PRC or Hong Kong or a PRC or Hong Kong entity, the funds or assets may not be available to fund   
 operations or for other use outside of the PRC or Hong Kong due to interventions in or the imposition of restrictions and limitations 
 on the ability of us or our subsidiaries by the PRC government to transfer cash or assets.” See page 28.                              |

Implications of Being an Emerging Growth Company We qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other burdens that are generally applicable to public companies.