Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 47

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 47
---
 Accountable  
 Act all call for additional and more stringent criteria to be applied to emerging market companies upon assessing the qualification of 
 their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. These developments could add uncertainties to our 
 offering.” See page 32 of the 2024 Annual Report.                                                                                      |

| ● | “Substantial                                                                                                                              
 uncertainties exist with respect to the enactment timetable and final content of draft China Foreign Investment Law and how it may impact 
 the viability of our current corporate structure, corporate governance and business operations.” See page 23 of the 2024 Annual           
 Report.                                                                                                                                   |

| ● | “To                                                                                                                                           
 the extent cash or assets in the business is in the PRC or Hong Kong or a PRC or Hong Kong entity, the funds or assets may not be available   
 to fund operations or for other use outside of the PRC or Hong Kong due to interventions in or the imposition of restrictions and limitations 
 on the ability of us or our subsidiaries by the PRC government to transfer cash or assets.” See page 22 of the 2024 Annual Report.            |

<div align='center'>S-17

RISK FACTORS</div>

The following is a summary of certain risks that should be carefully considered along with the other information contained or incorporated by reference in this prospectus supplement, the accompanying prospectus, and the documents incorporated by reference, as updated by our subsequent filings under the Exchange Act. Particularly, you should carefully consider the risk factors incorporated by reference to our annual report on Form 20-F for the year ended December 31, 2024 and in the accompanying prospectus. If any of the following events actually occurs, our business, operating results, prospects, or financial condition could be materially and adversely affected. The risks described below are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial may also significantly impair our business operations and could result in a complete loss of your investment.

Since our management will have broad discretion in how we use the proceeds from this offering, we may use the proceeds in ways with which you disagree.

Our management will have significant flexibility
in applying the net proceeds of this offering. You will be relying on the judgment of our management with regard to the use of those net
proceeds, and you will not have the opportunity, as part of your investment decision, to influence how the proceeds are being used. It
is possible that the