Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 109

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 109
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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 Solution Group Inc. is a holding company with no operations of its own. We conduct our operations in China primarily through our subsidiaries in China. We may rely on dividends to be paid by our PRC subsidiaries to fund our cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders, to service any debt we may incur and to pay our operating expenses. If our PRC subsidiaries incur debt on their own behalf in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions to us.

ERAYAK Power Solution Group Inc. is permitted under the Cayman Islands laws to provide funding to our subsidiary in Hong Kong through loans or capital contributions without restrictions on the amount of the funds, subject to satisfaction of applicable government registration, approval and filing requirements. Erayak HK is also permitted under the laws of Hong Kong to provide funding to ERAYAK Power Solution Group Inc. and Erayak BVI through dividend distribution without restrictions on the amount of the funds. The PRC has currency and capital transfer regulations that require us to comply with certain requirements for the movement of capital. The Company is able to transfer cash (US Dollars) to its PRC subsidiaries through an investment (by increasing the Company’s registered capital in a PRC subsidiary