Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 73

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 73
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 must prove the procedural fairness of the
transaction, and that the transaction was of fair value to the corporation.

As a matter of Cayman Islands law, a director
owes three types of duties to the company: (i) statutory duties, (ii) fiduciary duties, and (iii) common law duties. The Companies Act
imposes a number of statutory duties on a director. A Cayman Islands director’s fiduciary duties are not codified, however, the
courts of the Cayman Islands have held that a director owes the following fiduciary duties (a) a duty to act in what the director bona
fide considers to be in the best interests of the company, (b) a duty to exercise their powers for the purposes they were conferred, (c)
a duty to avoid fettering his or her discretion in the future and (d) a duty to avoid conflicts of interest and of duty. The common law
duties owed by a director are those to act with skill, care, and diligence that may reasonably be expected of a person carrying out the
same functions as are carried out by that director in relation to the company and, also, to act with the skill, care, and diligence in
keeping with a standard of care commensurate with any particular skill they have which enables them to meet a higher standard than a director
without those skills. In fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles of
association, as amended and restated from time to time. We have the right to seek damages if a duty owed by any of our directors is breached.’

Shareholder Proposals

Under the Delaware General Corporation Law, a
shareholder has the right to put any proposal before the annual meeting of shareholders, provided it complies with the notice provisions
in the governing documents. The Delaware General Corporation Law does not provide shareholders an express right to put any proposal before
the annual meeting of shareholders, but in keeping with common law, Delaware corporations generally afford shareholders an opportunity
to make proposals and nominations provided that they comply with the notice provisions in the certificate of incorporation or bylaws.
A special meeting may be called by the board of directors or any other person authorized to do so in the governing documents, but shareholders
may be precluded from calling special meetings.

<div align='center'>S-35</div>

The Companies Act provides shareholders with only
limited rights to requisition a general meeting, and does not provide