Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 41

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 41
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$150,000) and RMB 10.0 million (approximately $1.5 million), and the Trial Measures increase the cost for offenders by enforcing accountability
with administrative penalties and incorporating the compliance status of relevant market participants into the Securities Market Integrity
Archives.

According to the Circular, since the date of effectiveness
of the Trial Measures on March 31, 2023, PRC domestic enterprises falling within the scope of filing that have been listed overseas or
met the following circumstances are “existing enterprises”: before the effectiveness of the Trial Measures on March 31, 2023,
the application for indirect overseas issuance and listing has been approved by the overseas regulators or overseas stock exchanges (such
as the registration statement has become effective on the U.S. market), it is not required to perform issuance and listing supervision
procedures of the overseas regulators or overseas stock exchanges, and the overseas issuance and listing will be completed by September
30, 2023. Existing enterprises are not required to file with the CSRC immediately, and filings with the CSRC should be made as required
if they involve refinancings and other filing matters. PRC domestic enterprises that have submitted valid applications for overseas issuance
and listing but have not been approved by overseas regulatory authorities or overseas stock exchanges at the date of effectiveness of
the Trial Measures on March 31, 2023 can reasonably arrange the timing of filing applications with the CSRC and shall complete the filing
with the CSRC before the overseas issuance and listing.

In addition, an overseas-listed company must also
submit the filing with respect to its follow-on offerings, issuance of convertible corporate bonds and exchangeable bonds, and other equivalent
offering activities, within the time frame specified by the Trial Measures. As a result, we will be required to file with the CSRC within
three business days after the completion of the offerings in connection with this registration statement. We will begin the process of
preparing a report and other required materials in connection with the CSRC filing, which will be submitted to the CSRC in due course.
However, if we do not maintain the permissions and approvals of the filing procedure in a timely manner under PRC laws and regulations,
we may be subject to investigations by competent regulators, fines or penalties, ordered to suspend our relevant operations and rectify
any non-compliance, prohibited from engaging in relevant business or conducting any offering, and these risks could result in a material
adverse change in our operations, limit our ability to