Erayak Power Solution Group Inc. Class A Ordinary Shares

Erayak Power Solution Group Inc. is a Cayman Islands-incorporated holding company that, through its operating subsidiaries in China (primarily Zhejiang Leiya Electronics Limited and Wenzhou New Focus Limited), develops, manufactures, and sells electrical power products including inverters, chargers, gasoline generators, and power banks. The company sells primarily to distributors and retailers, with international sales conducted under FOB shipping terms through its export subsidiary New Focus. Erayak operates manufacturing facilities in Wenzhou, China and is actively expanding production capacity with significant capital investments in property, plant, and equipment. The company holds a 15% equity interest in a privately held investee accounted for under the equity method and generates supplemental rental income by subleasing portions of its leased facilities. Erayak trades as Class A Ordinary Shares under the ticker RAYA, with Class B shares (carrying 20 votes per share) held by controlling shareholder Lingyi Kong through Erayak International Limited. The company completed a 1-for-10 reverse stock split in April 2026 and a par value reduction in July 2026. The company is exploring expansion into the energy storage industry through a potential long-term factory lease. Updated Oct 14, 2026