Wenzhou, China, July 28, 2025 — Erayak Power Solution Group Inc. (NASDAQ: RAYA) (“Erayak” or the “Company”), a prominent manufacturer, designer, and exporter of quality products within the power supply sector, today announced the successful completion of its previously disclosed registered direct offering with select institutional investors. This offering involved the sale and purchase of a total of 30,612,246 Class A ordinary shares, with a par value of $0.0001 per share (referred to as the “Shares”), or Class A ordinary share equivalents, at a purchase price of $0.098 per share. The purchase price for the pre-funded warrants was set at $0.098, minus an exercise price of $0.0001 per share.

The gross proceeds generated for the Company from this registered direct offering are estimated to be approximately $3 million, prior to the deduction of the placement agent’s fees and other projected offering expenses.

Craft Capital Management LLC served as the exclusive placement agent for this offering. Ortoli Rosenstadt LLP provided legal counsel to the Company, while Sichenzia Ross Ference Carmel LLP acted as legal counsel to Craft Capital Management LLC.

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

This offering was conducted solely by means of a prospectus supplement and its accompanying prospectus. The prospectus supplement, detailing the terms of the public offering, has been filed with the SEC. Copies of the prospectus supplement and the related prospectus can be obtained from the SEC’s website at or by contacting Craft Capital Management, Syndicate Dept., at 377 Oak St., Lower Concourse, Garden City, NY 11530, or via email at .

This press release should not be construed as an offer to sell or a solicitation of an offer to purchase any of the securities described herein. Furthermore, no sale of these securities will take place in any state or jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under the securities laws of that state or jurisdiction.

About Erayak Power Solution Group Inc.

Erayak specializes in the production, research and development, and wholesale and retail distribution of power solution products. Erayak’s product range includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed items. Our products are primarily utilized in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living applications. Our objective is to be the leading power solutions brand and a comprehensive solution for mobile life and outdoor activities. For more information, visit .

Forward-Looking Statements

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

Safe Harbor Statement

This press release includes forward-looking statements. Additionally, the Company or its representatives may, from time to time, issue forward-looking statements verbally or in writing. We base these forward-looking statements on our expectations and projections regarding future events, derived from currently available information. Such forward-looking statements pertain to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by their non-historical nature, particularly if they employ terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes,” or their negative or similar terms. When evaluating these forward-looking statements, you should consider various factors, including: our ability to alter the Company’s strategic direction; our capacity to keep pace with new technology and evolving market demands; and the competitive landscape of our business. These and other factors could cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are merely predictions. The forward-looking events discussed in this press release, along with other statements made by us or our representatives periodically, may not occur, and actual events and results could differ significantly and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether due to uncertainties and assumptions, or because the forward-looking events discussed in this press release and other statements made by us or our representatives might not materialize.

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: