Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 8

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 8
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 the HFCAA by requiring the SEC to prohibit an issuer’s securities from trading on any U.S
stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three, thus reducing the time
period for triggering the prohibition on trading. On August 26, 2022, the PCAOB announced that it had signed a Statement of Protocol (the
“SOP”) with the China Securities Regulatory Commission and the Ministry of Finance of China. The SOP, together with two protocol
agreements governing inspections and investigations (together, the “SOP Agreement”), establishes a specific, accountable framework
to make possible complete inspections and investigations by the PCAOB of audit firms based in mainland China and Hong Kong, as required
under U.S. law. On December 15, 2022, the PCAOB announced that it was able to secure complete access to inspect and investigate PCAOB-registered
public accounting firms headquartered in mainland China and Hong Kong completely in 2022. The PCAOB Board vacated its previous 2021 determinations
that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and
Hong Kong. However, whether the PCAOB will continue to be able to satisfactorily conduct inspections of PCAOB-registered public accounting
firms headquartered in mainland China and Hong Kong is subject to uncertainties and depends on a number of factors out of our and our
auditor’s control. The PCAOB continues to demand complete access in mainland China and Hong Kong moving forward and is making plans
to resume regular inspections in early 2023 and beyond, as well as to continue pursuing ongoing investigations and initiate new investigations
as needed. The PCAOB has also indicated that it will act immediately to consider the need to issue new determinations with the HFCAA if
needed.

Our auditor, Fortune CPA, our independent
registered public accounting firm for the fiscal years ended December 31, 2024 and 2023, as auditors of companies that are traded
publicly in the United States and a firm registered with the PCAOB, are subject to laws in the United States pursuant to which the
PCAOB conducts regular inspections to assess Fortune CPA’s compliance with applicable professional standards. As of the date
of this prospectus, Fortune CPA is not included in the list of PCAOB Identified Firms in the PCAOB Determination Report issued in
December 2021. Fortune CPA is headquartered in Orange, California, and its registration with the PCA