Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 44

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 44
---
 require additional expenditures and efforts on our part to ensure our compliance
with such regulations or interpretations. Accordingly, government actions in the future, including any decision not to continue to support
recent economic reforms and to return to a more centrally planned economy or regional or local variations in the implementation of economic
policies, could have a significant effect on economic conditions in China or particular regions thereof, and could require us to divest
ourselves of any interest we then hold in Chinese properties. See “Risk Factors — Risks Related to Doing Business in China
— Uncertainties in the interpretation and enforcement of Chinese laws
and regulations could limit the legal protections available to us” on page 34 of the 2024 Annual Report, “Any actions by the Chinese government to exert more oversight and control over offerings that
are conducted overseas and foreign investment in China-based issuers could significantly limit or completely hinder our ability to offer
or continue to offer our Class A Ordinary Shares to investors and cause the value of our Class A Ordinary Shares to significantly decline
or be worthless. The M&A Rules and certain other PRC regulations establish complex procedures for some acquisitions of Chinese companies
by foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China” on page 19, and
“We may lose the ability to offer or continue to offer securities to investors and cause the value of such securities to significantly
decline or be worthless if the Chinese government may exert more oversight and control over offerings that are conducted overseas and/or
foreign investment in China-based issuers” on page 24.

Although we have not received any denial to continue
to list on the U.S. exchange or conduct our daily business operation, it is highly uncertain how soon legislative or administrative regulation
making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will be modified
or promulgated, if any, and the potential impact such modified or new laws and regulations will have on our daily business operation,
the ability to accept foreign investments and list our securities on an U.S. or other foreign exchange. For more detailed information,
see “Risk Factors — Risks Related to Doing Business in China — The approval of the China Securities Regulatory Commission
may be required in connection with this offering, and, if required, we cannot predict whether we will be able to obtain such approval”
on page 35 and “We may become subject to a variety of laws and regulations in the PRC regarding privacy, data security, cybersecurity,
and