Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 62

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 62
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<div align='center'>S-27</div>

We may make a payment in respect of the redemption
or purchase of its own shares in any manner authorized by the Companies Act, including out of any combination of our profits, share premium
account, or the proceeds of a fresh issue of shares, and if so authorized by the memorandum and articles of association, out of capital.

When making a payment in respect of the redemption
or purchase of shares, the directors may, when making payments in respect of redemption or purchase of shares, if authorised by the terms
of issue of the shares being redeemed or purchased or with the agreement of the holder of such Shares, make such payments either in cash
or in kind.

Transfer of Shares

Provided that a transfer of ordinary share complies
with applicable rules of the Nasdaq, a shareholder may transfer ordinary share to another person by completing an instrument of transfer
in a common form or in a form prescribed by Nasdaq or in any other form approved by the directors, executed:

| (a) | where the ordinary share are fully paid, by or on behalf of that shareholder; and |

| (b) | where the ordinary share are not fully paid, by or on behalf of that shareholder and the transferee. |

The transferor shall be deemed to remain the holder
of an ordinary share until the name of the transferee is entered into the register of members of the Company.

Our board of directors may, in its absolute discretion,
decline to register any transfer of any ordinary share without giving any reason.

If our directors refuse to register a transfer,
they are required, within two months after the date on which the instrument of transfer was lodged, to send to the transferee notice of
such refusal.

Inspection of Books and Records

Holders of our ordinary share will have no general
right under the Companies Act to inspect or obtain copies of our register of members or our corporate records (save for our register of
mortgages and charges, our memorandum and articles of association and special resolutions of our shareholders). Under Cayman Islands law,
the names of current directors of our Company can be obtained from a search conducted at the Registrar of Companies in the Cayman Islands.

General Meetings

As a Cayman Islands exempted company, we are not
obligated by the Companies Act to call shareholders’ annual general meetings; accordingly, we may, but shall not be obliged to,
in each year hold a general meeting as an annual general meeting. Any annual general