Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 173

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 173
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 of the redemption
or purchase of shares, the directors may make the payment in cash or in specie (or partly in one and partly in the other) if so authorized
by the terms of the allotment of those shares or by the terms applying to those shares, or otherwise by agreement with the shareholder
holding those shares.

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Transfer of Shares

Provided that a transfer of ordinary share complies
with applicable rules of the Nasdaq, a shareholder may transfer ordinary share to another person by completing an instrument of transfer
in a common form or in a form prescribed by Nasdaq or in any other form approved by the directors, executed:

| (a) | where the ordinary share are fully paid, by or on behalf of that shareholder; and |

| (b) | where the ordinary share are not fully paid, by or on behalf of that shareholder and the transferee. |

The transferor shall be deemed to remain the holder
of an ordinary share until the name of the transferee is entered into the register of members of the Company.

Our board of directors may, in its absolute
discretion, decline to register any transfer of any ordinary share without giving any reason.

If our directors refuse to register a transfer,
they are required, within two months after the date on which the instrument of transfer was lodged, to send to the transferee notice of such refusal.

Inspection of Books and Records

Holders of our ordinary share will have no general
right under the Cayman Islands Companies Act to inspect or obtain copies of our register of members or our corporate records.

General Meetings

As a Cayman Islands exempted company, we are not
obligated by the Cayman Islands Companies Act to call shareholders’ annual general meetings; accordingly, we may, but shall not
be obliged to, in each year hold a general meeting as an annual general meeting. Any annual general meeting held shall be held at such
time and place as may be determined by our board of directors. All general meetings other than annual general meetings shall be called
extraordinary general meetings.

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The directors may convene general meetings whenever
they think fit. General meetings shall also be convened on the written requisition of one or more of the shareholders entitled to attend
and vote at our general meetings who (together) hold not less than 10 percent of the rights to vote at such general meeting in accordance
with the notice provisions in the articles,