Wenzhou, China, July 25, 2025 — Erayak Power Solution Group Inc. (NASDAQ: RAYA) (“Erayak” or the “Company”), a prominent manufacturer, designer, and exporter in the power supply sector, has announced a securities purchase agreement with certain institutional investors. This agreement involves the purchase and sale of 30,612,246 of the Company’s Class A ordinary shares, with a par value of $0.0001 per share (the “Shares”), or pre-funded warrants as an alternative, at a price of $0.098 per share through a registered direct offering. The price for the pre-funded warrants mirrors the share price, less an exercise price of $0.0001 per share.

The Company anticipates gross proceeds of approximately $3 million from this offering. The deal is expected to be finalized around July 28, 2025, pending standard closing conditions.

Craft Capital Management is the exclusive placement agent for this offering.

This registered direct offering is based on a shelf registration statement on Form F-3 (File No. 333-278347) that the Company previously filed, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 16, 2024.

The offering will be conducted through a prospectus supplement and accompanying prospectus. A prospectus supplement detailing the public offering’s terms will be submitted to the SEC before closing and will be part of the effective registration statement, accessible on the SEC’s website.

Copies of the prospectus supplement and the related prospectus can be obtained from Craft Capital Management, 377 Oak St., Lower Concourse, Garden City, NY 11530, Attention: Syndicate Dept.; or via email at info@craftcm.com.

This announcement is not an offer to sell or a solicitation to buy these securities. Furthermore, no sales of these securities will occur in any jurisdiction where such an offer, solicitation, or sale would be illegal before registration or qualification under local securities laws.

About Erayak Power Solution Group Inc.

Erayak specializes in the production, R&D, and wholesale and retail distribution of power solution products. Its product line includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and customized products. These products are mainly used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and for outdoor living. Erayak aims to become a leading power solutions brand, offering solutions for mobile and outdoor lifestyles. More details are available at www.erayakpower.com.

Safe Harbor Statement

This press release contains forward-looking statements, which we or our representatives may also make orally or in writing from time to time. These statements are based on our expectations and forecasts of future events, derived from currently available information. They pertain to future events or our future performance, including financial performance and projections, revenue and earnings growth, and business prospects and opportunities. Forward-looking statements can be identified by the use of terms like “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes,” or their negative forms or similar expressions. When evaluating these statements, you should consider factors such as our ability to adapt the Company’s direction, keep up with technological advancements and changing market demands, and the competitive landscape of our business. These and other factors may cause actual results to differ significantly from any forward-looking statement. These statements are only predictions; the discussed events may not occur, and actual results may vary materially due to risks, uncertainties, and assumptions. We are not obligated to update or revise any forward-looking statement, whether due to new information, future events, or otherwise.

Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835

Email: lisa@skylineccg.com

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