Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 55

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 55
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 issue,
allot, grant options over or otherwise dispose of shares (including any fractions of shares) and other securities of the Company at such
times, to such persons, for such consideration and on such terms as the directors may determine. No share may be issued at a discount
except in accordance with the provisions of the Companies Act.

Each Class B Ordinary Shares is convertible into
one (1) Class A Ordinary Shares at any time at the option of the holder thereof. The right to convert shall be exercisable by the holder
of the Class B Ordinary Shares (the Converting Class B Shareholder) delivering a written notice to the Company that such holder elects
to convert a specified number of Class B ordinary shares into Class A Ordinary Shares. In no event shall Class A Ordinary Shares be convertible
into Class B ordinary shares.

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Any conversion of Class B Ordinary Shares into
Class A Ordinary Shares pursuant to these Articles shall be effected by redeeming the relevant Class B Ordinary Shares and in consideration
therefor issuing fully-paid Class A Ordinary Shares in equal number to such holder of Class B Ordinary Shares. Such conversion shall become
effective forthwith upon entries being made in the register of members to record the conversion of the relevant Class B Ordinary Shares
as Class A Ordinary Shares. There is no transfer restriction on our Class B Ordinary Shares.

As of the date of this prospectus, there are currently
49,588,235 Class A Ordinary Shares and 1,000,000 Class B Ordinary Shares issued and outstanding.

Dividends

Subject to the provisions of the Companies Act
and any rights attaching to any class or classes of shares under and in accordance with the Articles, the directors may declare and pay
out of the funds of the Company lawfully available for such purpose a distribution at a time and of an amount they think fit.

Subject to the Companies Act requirements regarding
the application of a company’s share premium account, dividends may also be declared and paid out of any share premium account.
The directors when paying dividends to shareholders may make such payment either in cash or in kind.

No distribution shall bear interest as against
the Company.

Voting Rights

Holders of Class A Ordinary Shares and Class B
Ordinary Shares shall, at all times, vote together as one class on all matters submitted to vote by the shareholders. Each Class A Ordinary
Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the