Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 169

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 169
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ayman Islands Companies Act. The directors may refuse to accept any application for shares and may accept any application in whole or
in part, for any reason or for no reason.

Each Class B ordinary share is convertible into
one (1) Class A ordinary share at any time at the option of the holder thereof. The right to convert shall be exercisable by the holder
of the Class B ordinary share (the Converting Class B Shareholder) delivering a written notice to the Company that such holder elects
to convert a specified number of Class B ordinary shares into Class A ordinary shares. In no event shall Class A ordinary shares be convertible
into Class B ordinary shares.

Any conversion of Class B ordinary shares into
Class A ordinary shares pursuant to these Articles shall be effected by redeeming the relevant Class B ordinary shares and in consideration
therefor issuing fully-paid Class A ordinary shares in equal number to the Converting Class B Shareholder. Such conversion shall become
effective forthwith upon entries being made in the register of members to record the conversion of the relevant Class B ordinary shares
as Class A ordinary shares. There is no transfer restriction on our Class B ordinary shares.

As of the date of this prospectus, there are currently
14,000,000 Class A ordinary shares and 1,000,000 Class B ordinary shares issued and outstanding.

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Dividends

Subject to the provisions of the Cayman Islands
Companies Act and any rights attaching to any class or classes of shares under and in accordance with the Articles, the directors may declare and pay out of the funds of the Company
lawfully available for such purpose a distribution at a time and of an amount they think fit.

Subject to the Cayman Islands Companies Act requirements
regarding the application of a company’s share premium account, dividends may also
be declared and paid out of any share premium account. The directors when paying dividends to shareholders may make such payment either
in cash or in specie.

Unless provided by the rights attached to a share,
no dividend shall bear interest.

Voting Rights

Holders of Class A ordinary shares and Class B
ordinary shares shall, at all times, vote together as one class on all matters submitted to a vote by the shareholders at any general
meeting of the Company. At each general meeting, each shareholder who is present in person or by proxy (or, in the case of a shareholder
being a corporation, by its duly authorized representative) will have one (1