Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 170

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 170
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 association.

Variation of Rights of Shares

Whenever our capital is divided into different
classes of shares, the rights attaching to any class of share (unless otherwise provided by the terms of issue of the shares of that class)
may be varied either with the consent in writing of the holders of not less than two-thirds of the issued shares of that class, or with
the sanction of a resolution passed by a majority of not less than two-thirds of the holders of shares of the class present in person
or by proxy at a separate general meeting of the holders of shares of that class.

Unless the terms on which a class of shares was
issued state otherwise, the rights conferred on the shareholder holding shares of any class shall not be deemed to be varied by the creation
or issue of further shares ranking pari passu with the existing shares of that class.

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Alteration of Share Capital

Subject to the Cayman Islands Companies Act, our
shareholders may, by ordinary resolution:

| (a) | increase                                                                                                                                
 our share capital by new shares of the amount fixed by that ordinary resolution and with the attached rights, priorities and privileges 
 set out in that ordinary resolution;                                                                                                    |

| (b) | consolidate                                                                                       
 and divide all or any of our share capital into shares of larger amount than our existing shares; |

| (c) | subject to the Cayman Islands Companies Act, sub-divide our shares 
 or any of them into shares of smaller amounts than that fixed; and |

| (d) | cancel shares which, at the date of the passing of that ordinary resolution, 
 have not been taken or agreed to be taken by any person.                     |

Subject to the Cayman Islands Companies Act and
to any rights for the time being conferred on the shareholders holding a particular class of shares, our shareholders may, by special
resolution, reduce its share capital in any way.

Calls on Shares

Subject to the terms of allotment, the directors
may make calls on the shareholders in respect of any monies unpaid on their shares including any premium and each shareholder shall (subject
to receiving at least 14 clear days’ notice specifying when and where payment is to be made), pay to us the amount called on his
shares. Shareholders registered as the joint holders of a share shall be jointly and severally liable to pay all calls in respect of the
share. If a call remains unpaid after it has become due and payable the person from whom it is due and