Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 69

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 69
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aid. In such event the directors may make such provisions as they think fit in the case of shares becoming distributable
in fractions.

<div align='center'>S-32</div>

Liquidation Rights

Subject to the Companies Act, our company may
by special resolution be wound up voluntarily.

If our company shall be wound up, and the assets
available for distribution amongst the shareholders shall be insufficient to repay the whole of the share capital, such assets shall be
distributed so that, as nearly as may be, the losses shall be borne by the shareholders in proportion to the par value of the shares held
by them. If in a winding up the assets available for distribution amongst the shareholders shall be more than sufficient to repay the
whole of the share capital at the commencement of the winding up, the surplus shall be distributed amongst the shareholders in proportion
to the par value of the shares held by them at the commencement of the winding up subject to a deduction from those shares in respect
of which there are monies due, of all monies payable to our company for unpaid calls or otherwise. The aforesaid is without prejudice
to the rights of the holders of shares issued upon special terms and conditions.

If our company shall be wound up the liquidator
may, with the sanction of a special resolution and any other sanction required by the Companies Act, divide amongst the shareholders in
kind the whole or any part of the assets of our company (whether they shall consist of property of the same kind or not) and may for that
purpose value any assets and determine how the division shall be carried out as between the shareholders or different classes of shareholders.
The liquidator may, with the like sanction, vest the whole or any part of such assets in trustees upon such trusts for the benefit of
the shareholders as the liquidator, with the like sanction, shall think fit, but so that no shareholder shall be compelled to accept any
asset upon which there is a liability.

On a winding up of the Company: each Class A Ordinary Share shall confer
upon the holder thereof the right to repayment of capital in accordance with our articles and the right to participate in the profits
or surplus assets of the Company in accordance with our articles; and each Class B Ordinary Share shall confer upon the holder thereof
the right to repayment of capital in accordance with our articles but shall confer no other right to participate in the profits or surplus
assets of the Company

Register of Members

Under the Companies Act, we must keep a register
of