Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 63

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 63
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 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.

Share Premium Account

The directors shall establish a share premium
account and shall carry the credit of such account from time to time to a sum equal to the amount or value of the premium paid on the
issue of any share or capital contributed or such other amounts required by the Companies Act.

Redemption and Purchase of Own Shares

Subject to the Companies Act and any rights for
the time being conferred on the shareholders holding a particular class of shares, we may:

| (a) | issue shares that are to be redeemed or liable to be redeemed, at our option or the shareholder holding those redeemable shares, on such terms and in such manner as our directors may determine before the issue of those shares; |
| (b) | purchase our own shares including any redeemable shares on such terms and in such manner as the directors determine;                                                                                                               |
| (c) | make a payment in respect of the redemption or purchase of our own                                                                                                                                                                 
 shares in any manner permitted by the Companies Act including out of capital; and                                                                                                                                                  |
| (d) | permit the surrender of fully paid shares for no consideration.                                                                                                                                                                    |

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We may