Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 141

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 141
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 pace of economic growth. These measures
may cause decreased economic activity in China, and since 2012, China’s economic growth has slowed down. Any prolonged slowdown
in the Chinese economy may reduce the demand for our products and services and materially and adversely affect our business and results
of operations.

The Chinese government may intervene or influence our operations at any time, which could result in a material change in our operations and/or the value of our ordinary shares.

Our business is subject to governmental supervision
and regulation by the relevant PRC governmental authorities, including but not limited to the State Administration for Market Regulation
and the State Administration for Industry and Commerce. Together, these governmental authorities promulgate and enforce regulations that
cover many aspects of our day-to-day operations. If we are deemed to be not in compliance with these requirements, we may be subject to
fines and other administrative penalties from the relevant PRC government authorities. In case of our failure to rectify our noncompliance
within required period by the relevant PRC government authorities, we may be forced to suspend our operation.

Existing and new laws and regulations may be enforced
from time to time and substantial uncertainties exist regarding the interpretation and implementation of current and any future PRC laws
and regulations applicable to us. If the PRC government promulgates new laws and regulations that impose additional restrictions on our
operations, or tightens enforcements of existing or new laws or regulations, it has the authority, among other things, to levy fines,
confiscate income, revoke business licenses, and require us to discontinue our relevant business or impose restrictions on the affected
portion of our business. Any of these actions by the PRC government may have a material and adverse effect on our results of operations.
As a result, our business, reputation, value of our Class A ordinary shares, financial condition and results of operations may be materially
and adversely affected.

We may lose the ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless if the Chinese government may exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers.

The recently issued Opinions on Strictly Cracking
Down on Illegal Securities Activities emphasized the need to strengthen the administration over illegal securities activities and the
supervision on listings by China-based companies in foreign countries, and proposed to take effective measures, such as promoting the
construction of relevant regulatory systems to deal with the risks and incidents faced by China-based