Wenzhou, China, Aug. 01, 2025 — Erayak Power Solution Group Inc. (NASDAQ: RAYA) (“Erayak” or the “Company”), a prominent manufacturer, designer, and exporter in the power supply sector, announced today the completion of its previously disclosed registered direct offering. The offering involved certain institutional investors purchasing an aggregate of 107,692,307 of the Company’s Class A ordinary shares, with a par value of $0.0001 per share (the “Shares”), or Class A ordinary share equivalents. The registered direct offering was priced at $0.065 per share. The purchase price for the pre-funded warrants was $0.065 to the purchase price for Shares, less the exercise price of $0.0001 per share.

The Company anticipates gross proceeds of approximately $7 million from the registered direct offering, prior to deducting placement agent fees and other estimated offering expenses.

Craft Capital Management LLC served as the sole placement agent for the offering. Ortoli Rosenstadt LLP served as legal counsel to the Company, and Sichenzia Ross Ference Carmel LLP served as legal counsel to Craft Capital Management LLC.

The Company offered the securities described above under a “shelf” registration statement on Form F-3 (File No. 333-278347) filed with the U.S. Securities and Exchange Commission (“SEC”), which was declared effective by the SEC on May 16, 2024, and the accompanying prospectus contained therein.

The offering was conducted solely through a prospectus supplement and accompanying prospectus. The prospectus supplement detailing the terms of the public offering has been filed with the SEC. Copies of the prospectus supplement and accompanying prospectus related to the offering are available on the SEC’s website at or by contacting Craft Capital Management, 377 Oak St., Lower Concourse, Garden City, NY 11530, Attention: Syndicate Dept.; email: .

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned, nor will any sale of these securities occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

About Erayak Power Solution Group Inc.

Erayak focuses on the manufacture, R&D, and wholesale and retail of power solution products. Erayak’s product range includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and customized products. Their products are primarily used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and products for outdoor living. The company aims to be the leading power solutions brand, offering solutions for mobile living and outdoor lifestyles. For additional details, visit .

Forward-Looking Statements

This press release includes forward-looking statements that reflect the Company’s current expectations. These statements are not guarantees of future performance and are subject to risks and uncertainties, which are detailed in the Company’s filings with the SEC. These forward-looking statements are made as of this date, and the Company assumes no obligation to update them, except as required by law.

Safe Harbor Statement

This press release contains forward-looking statements. Also, the company or its representatives might occasionally make forward-looking statements orally or in writing. These statements are based on expectations and projections about future events derived from currently available information. These forward-looking statements concern future events or 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 non-historical terms, particularly those including “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes,” or their negative forms or similar expressions. When evaluating these statements, one should consider various factors, including the company’s ability to change direction, keep up with new technology and evolving market needs, and the competitive landscape of its business. These and other factors could cause actual results to differ significantly from any forward-looking statement. Forward-looking statements are predictions only. The events discussed in this release and other statements made by the company or its representatives may not occur. Actual events and results may differ materially and are subject to risks, uncertainties, and assumptions. The company is not obligated to update or revise any forward-looking statement publicly, whether due to new information, future events, or otherwise.

Investor Relations Contact:

Erayak Power Solution Group Inc.
No. 528, 4th Avenue
Binhai Industrial Park
Wenzhou, Zhejiang Province
People’s Republic of China 325025

Email:

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