Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 109

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 109
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 its new independent registered public
accounting firm to audit the Company’s financial statements.

On November 30, 2023, Ms. Peiling Cheng tendered
her resignation as independent director of the Company, effective November 30, 2023. On the same day, approved by the Board of Directors,
the Nominating Committee and the Compensation Committee, Mr. Tsang Sheung was appointed as independent director and chair of compensation
committee of the Company, effective November 30, 2023.

<div align='center'>Corporate Structure</div>

Below is a chart illustrating our current corporate structure:

<div align='center'>3

Our Products</div>

Through our PRC subsidiaries, Ruike, Zhejiang Leiya and
Wenzhou New Focus, we are mainly engaged in the manufacturing, R&D, and wholesale and retail of power solution products. According
to our total revenue in the past three fiscal years, inverters, chargers, and gasoline generators are our top three categories, encompassing
more than 95% of our total sales. Our sine wave inverters require high technical expertise and come with a high profit margin.

Zhejiang Leiya’s inverter product selection includes off-grid
inverters, 12v inverters, and 24v inverters, which all use either pure sine or modified sine wave inverters ranging from 75 watts to 3000
watts and are all compatible with solar energy powering. We also manufacture gasoline generators, such as Alternating Current (“AC”)
generators and Direct Current (“DC”) generators, and battery chargers. Finally, we produce various inverter generators, including
AC inverter generators and DC inverter generators. In 2023, we launched several new products, including stacked energy storage system,
hybrid solar inverter, and BDS series portable power station.

In the future, we are expected to explore the development of clean energy product series. For inverters, our product selection will mainly focus on pure sine wave inverters and hybrid inverters, such as off-grid inverter and on/off-grid inverter. For generators, we are currently looking to resolve technical difficulties in the industry and developing more powerful generators with more fuel choices and cleaner energy. We are also in the process of developing power wall, which integrates hybrid inverter, a battery management system (BMS), and lithium battery.

<div align='center'>Transfers of Cash to and from Our Subsidiaries</div>

ERAYAK Power