Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 168

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 168
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 and are issued when registered in our register
of members. Unless the Board of Directors determine otherwise, each holder of our Class A ordinary shares will not receive a certificate
in respect of such Class A ordinary shares. Our shareholders who are non-residents of the Cayman Islands may freely hold and vote their
Class A ordinary shares.

Our authorized share capital is US$50,000 divided
into 500,000,000 ordinary shares, of which 450,000,000 shares are Class A ordinary shares and 50,000,000 shares are Class B ordinary
shares, par value US$0.0001 per share. Subject to the provisions of the Cayman Islands Companies Act and our articles regarding redemption
and purchase of the shares, the directors have general and unconditional authority to allot (with or without confirming rights of renunciation),
grant options over or otherwise deal with any unissued shares to such persons, at such times and on such terms and conditions as they
may decide. Such authority could be exercised by the directors to allot shares which carry rights and privileges that are preferential
to the rights attaching to Class A ordinary shares. No share may be issued at a discount except in accordance with the provisions of the
Cayman Islands Companies Act. The directors may refuse to accept any application for shares and may accept any application in whole or
in part, for any reason or for no reason.

Each Class B ordinary share is convertible into
one (1) Class A ordinary share 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 share (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.

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 the Converting Class B Shareholder. 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
14,000,000 Class A ordinary shares and