Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 89

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 89
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. See “Plan of Distribution” elsewhere in this prospectus for a more complete description of the ways in which the
securities may be sold.

Pursuant to General Instruction I.B.5. of Form
F-3, in no event will we sell the securities covered hereby in a public primary offering with a value exceeding more than one-third of
the aggregate market value of our ordinary shares in any 12-month period so long as the aggregate market value of our voting and non-voting
common equity held by non-affiliates remains below $75,000,000. During the 12 calendar months prior to and including the date of this
prospectus, we have not offered or sold any securities pursuant to General Instruction I.B.5 of Form F-3.

Any proceeds from the sale of Class A ordinary
shares offered by us will be available for our immediate use, despite uncertainty about whether we would be able to use such funds to
effectively implement our business plan. See “Risk Factors” on page 16 for more information.

Our Class A ordinary shares are traded on the
Nasdaq Capital Market under the symbol “RAYA.” On March 26, 2024, the closing price of our Class A ordinary shares as reported
by the Nasdaq Capital Market was $0.61. The applicable prospectus supplement will contain information, where applicable, as to other listings,
if any, on the Nasdaq Capital Market or other securities exchange of the securities covered by the prospectus supplement. We may experience
price volatility in our stock. See related risk factors in the “Risk Factors” section of this prospectus and as set forth
in our most recent annual report on Form 20-F.

Unless otherwise specified in an applicable prospectus
supplement, our share purchase contracts, share purchase units, warrants, debt securities, rights and units will not be listed on any
securities or stock exchange or on any automated dealer quotation system.

Investors are cautioned that you are
buying shares of a China-based operating company but instead are buying shares of a Cayman Islands holding company with operations conducted
by our subsidiaries based in China and that this structure involves unique risks to investors.

This is an offering of the Class A ordinary shares
of the Cayman Islands holding company. We conduct our business through the PRC subsidiaries. You will not and may never have direct ownership
in the operating entity based in China. We do not use a Variable Interest Entity (“VIE”) structure.