Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 42

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 42
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 offer or continue to offer securities to investors, or cause such securities to
significantly decline in value or become worthless. As the Circular and Trial Measures were newly published, there exists uncertainty
with respect to the filing requirements and their implementation. Any failure or perceived failure of us to fully comply with such new
regulatory requirements could significantly limit or completely hinder our ability to offer or continue to offer securities to investors,
cause significant disruption to our business operations, and severely damage our reputation, which could materially and adversely affect
our financial condition and results of operations and could cause the value of our securities to significantly decline or be worthless.
See “Risk Factors — Risks Related to Doing Business in China — The filing, approval or other administration requirements
of the Chinese Securities Regulatory Commission (the “CSRC”) or other PRC government authorities may be required in connection
with our future offshore offering under PRC law, and, if required, we cannot predict whether or for how long we will be able to complete
the filing procedure with the CSRC and obtain such approval or complete such filing, as applicable” on page 17.

As of the date of this prospectus, according to
our PRC counsel, Gaopeng & Partners, although we are required to complete the filing procedure in connection with our offerings under
the Trial Measures, no relevant PRC laws or regulations in effect require that we obtain permission from any PRC authorities to issue
securities to foreign investors, and we have not received any inquiry, notice, warning, sanction, or any regulatory objection to this
offering from the CSRC, the CAC, or any other PRC authorities that have jurisdiction over our operations.

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However, there remains some uncertainty as to
how the M&A Rules will be interpreted or implemented in the context of an overseas offering and the opinions summarized above are
subject to any new laws, rules and regulations or detailed implementations and interpretations in any form relating to the M&A Rules.
We cannot assure you that relevant PRC government agencies, including the CSRC, would reach the same conclusion as our PRC counsel does,
and hence we may face regulatory actions or other sanctions from the CSRC or other PRC regulatory agencies. These regulatory agencies
may impose fines and penalties on our operations in China, limit our operating privileges in China, delay or restrict the repatriation
of the proceeds from this offering into China, restrict or prohibit the payments or remittance of dividends by our P