Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 56

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 56
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| ● | Sales and marketing, including U.S. and EU market expansion (approximately 20%) |

| ● | Working capital and inventory replenishment (approximately 20%) |

The Company is not subject to any contractual
obligations that would require it to use the proceeds in a manner inconsistent with the registration statement.

The amounts and timing of our use of proceeds
will vary depending on a number of factors, including the amount of cash generated or used by our operations, and the rate of growth,
if any, of our business. As a result, we will retain broad discretion in the allocation of the net proceeds of this offering.

<div align='center'>S-23

DESCRIPTION OF SHARE CAPITAL</div>

We are a Cayman Islands exempted company and our
corporate affairs are governed by our memorandum and articles of association, as amended from time to time, and the Companies Act (Revised)
of the Cayman Islands, which we refer to as the Companies Act below, and the common law of Cayman Islands.

As of the date of this prospectus, the authorized share capital of
the Company is US$50,000 divided into 500,000,000 ordinary shares, of which 450,000,000 shares are Class A Ordinary Shares and 50,000,000
shares are Class B ordinary shares of par value of US$0.0001 each (“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.

Our Memorandum and Articles of Association

A copy of our amended and restated memorandum
and articles of association is filed as an exhibit to the registration statement of which this prospectus is a part (and which is referred
to in this section as, respectively, the “memorandum” and the “articles”).

We were incorporated as an exempted company with
limited liability under the Companies Act on June 14, 2019. A Cayman Islands exempted company:

| ● | is a company that conducts its business mainly outside the Cayman Islands; |

| ● | is prohibited from trading in the Cayman Islands with any person, firm or corporation except in furtherance of the business of the exempted company carried on outside the Cayman Islands (and for this purpose can effect and conclude contracts in the Cayman Islands and exercise in the Cayman Islands all of its powers necessary for the carrying on