Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 57

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 57
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 the Companies Act, our shareholders
may, by ordinary resolution:

| (a) | increase the share capital by such sum, to be divided into shares of such amount, and with such rights, privileges, priorities and restrictions attached to them as the resolution shall prescribe; |

| (b) | consolidate and divide all or any of our share capital into shares of larger amount than our existing shares; |

| (c) | subject to the Companies Act, sub-divide our existing shares or any of them into shares of smaller amounts than that fixed by our memorandum and articles of association; and |

| (d) | cancel shares which, at the date of the passing of that ordinary resolution, have not been taken or agreed to be taken by any person. |

Subject to the Companies Act and to any rights
for the time being conferred on the shareholders holding a particular class of shares, our shareholders may, by special resolution, reduce
its share capital and any capital redemption reserve in any manner.

Calls on Shares

Subject to the terms of allotment, the directors
may make calls on the shareholders in respect of any moneys unpaid on their shares, whether in respect of their par value or the premium
payable on those shares; each shareholder shall (subject to receiving at least 14 days’ notice specifying the time or times of payment)
pay to the Company at the time or times so specified the amount called on his shares. The joint holders of a share shall be jointly and
severally liable to pay calls in respect thereof and the holder or joint holders of a share at the time of a call shall remain liable
to pay the call on that share, notwithstanding any subsequent transfer of the share being registered by the Company. If a sum called in
respect of a share is not paid before or on the day appointed for payment of that call, the shareholder from whom such amount is due shall
pay interest upon the sum at such rate as the directors may determine from the day appointed for payment of the call to the time of the
actual payment. The directors shall have the discretion to waive payment of any such interest in full or in part..

The Company shall have a first and paramount
lien on every share, whether or not it is a fully paid share, for all moneys, whether presently payable or not, called or payable at
a fixed time in respect of that share and for all debts, liabilities or other obligations owed, whether presently or not, by the shareholder
or by one or more joint