Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 58

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 58
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 Class B Ordinary Shares. Such conversion shall become
effective forthwith upon entries being made in the register of members to record the conversion of the relevant Class B Ordinary Shares
as Class A Ordinary Shares. There is no transfer restriction on our Class B Ordinary Shares.

As of the date of this prospectus, there are currently 80,200,481 Class
A Ordinary Shares and 1,000,000 Class B Ordinary Shares issued and outstanding.

Dividends

Subject to the provisions of the Companies Act
and any rights attaching to any class or classes of shares under and in accordance with the Articles, the directors may declare and pay
out of the funds of the Company lawfully available for such purpose a distribution at a time and of an amount they think fit.

Subject to the Companies Act requirements regarding
the application of a company’s share premium account, dividends may also be declared and paid out of any share premium account.
The directors when paying dividends to shareholders may make such payment either in cash or in kind.

No distribution shall bear interest as against
the Company.

Voting Rights

Holders of Class A Ordinary Shares and Class B
Ordinary Shares shall, at all times, vote together as one class on all matters submitted to vote by the shareholders. Each Class A Ordinary
Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class
B ordinary share shall entitle the holder thereof to twenty (20) votes on all matters subject to vote at general meetings of the Company.
At any meeting of the shareholders the chairman is responsible for deciding in such manner as he considers appropriate whether any resolution
proposed has been carried or not and the result of his decision shall be announced to the meeting and recorded in the minutes of the meeting.
If the chairman has any doubt as to the outcome of the vote on a proposed resolution, he shall cause a poll to be taken of all votes cast
upon such resolution. If the chairman fails to take a poll then any shareholder present in person or by proxy who disputes the announcement
by the chairman of the result of any vote may immediately following such announcement demand that a poll be taken and the chairman shall
cause a poll to be taken.

An ordinary resolution
to be passed by the shareholders requires the affirmative vote of a simple majority of such shareholders as, being entitled to do so,
vote in person or by proxy at a general meeting of the Company, while a special resolution requires the affirmative vote of a majority