Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 156

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 156
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 national security should also be subject to cybersecurity review, and further elaborated the factors to be considered when
assessing the national security risks of the relevant activities, including, among others, (i) the risk of core data, important data or
a large amount of personal information being stolen, leaked, destroyed, and illegally used or exited the country; and (ii) the risk of
critical information infrastructure, core data, important data or a large amount of personal information being affected, controlled, or
maliciously used by foreign governments after listing abroad. The Cyberspace Administration of China has said that under the proposed
rules companies holding data on more than 1,000,000 users must now apply for cybersecurity approval when seeking listings in other nations
because of the risk that such data and personal information could be “affected, controlled, and maliciously exploited by foreign
governments,” The cybersecurity review will also investigate the potential national security risks from overseas IPOs. We do not
know what regulations will be adopted or how such regulations will affect us and our listing on Nasdaq. In the event that the Cyberspace
Administration of China determines that we are subject to these regulations, we may be required to delist from Nasdaq and we may be subject
to fines and penalties. On June 10, 2021, the Standing Committee of the NPC promulgated the PRC Data Security Law, which took effect on
September 1, 2021. The Data Security Law also sets forth the data security protection obligations for entities and individuals handling
personal data, including that no entity or individual may acquire such data by stealing or other illegal means, and the collection and
use of such data should not exceed the necessary limits The costs of compliance with, and other burdens imposed by, CSL and any other
cybersecurity and related laws may limit the use and adoption of our products and services and could have an adverse impact on our business.
Further, if the enacted version of the Measures for Cybersecurity Review mandates clearance of cybersecurity review and other specific
actions to be completed by companies like us, we face uncertainties as to whether such clearance can be timely obtained, or at all.

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On July 10, 2021, the Cyberspace Administration
of China issued a revised draft of the Measures for Cybersecurity Review for public comments (the “Review Measures”), and
on December 28, 2021, the Cyberspace Administration of China