Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 56

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 56
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     |                               |  1,123,204 |   |
| Retained earnings                                                                                                             |     |        |  8,061,204 |   |     |                       |  8,061,204 |   |     |                               |  8,061,204 |   |
| Accumulated other comprehensive loss                                                                                          |     |        | (1,244,996 | ) |     |                       | (1,244,996 | ) |     |                               | (1,244,996 | ) |
| Total Shareholders’ Equity                                                                                                    |     | $      | 26,585,735 |   |     |                       | 36,585,735 |   |     |                               | 46,185,735 |   |
| Total capitalization                                                                                                          |     | $      | 46,033,203 |   |     |                       | 56,033,203 |   |     |                               | 65,633,203 |   |

Notes:

| (1) | Additional paid-in capital reflects the sale of Class A Ordinary Shares in this offering at a public offering price of $0.061 per share, and after deducting the estimated offering expenses payable by us. The pro forma as further adjusted information is illustrative only. We estimate that such net proceeds will be approximately $9,600,000. The pro forma as adjusted information is illustrative only. There is no minimum offering amount required as a condition of this offering. The net proceeds that we have used for our Pro Forma estimates assumes that we sell all $10,000,000 of Class A Ordinary Shares being offered by this prospectus supplement and the accompanying base prospectus at substantially the same time. Additionally, the sales commission that we will pay the Sales Agent is 4.0% of the aggregate gross proceeds from each sale of placement shares, and as a result our net proceeds from this offering will depend on the number of sales made under this offering. Our Pro Form data could be significantly different if we do not sell all of the $10,000,000 of Class A Ordinary Shares offered hereby, if such sales do not occur at substantially the same time or if some or all of the sales hereunder are block trades. |

<div align='center'>S-22

DILUTION</div>

Our net tangible book value on December 31, 2024
was US$20,065,860, or US$0.40 per Class A ordinary share