On November 30, 2023, Ms. Peiling Cheng tendered her resignation as independent director of Erayak Power Solution Group Inc, effective November 30, 2023. Ms. Peiling Cheng?s resignation was not a result of any disagreement with the Company?s operations, policies or procedures. On November 30, 2023, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Tsang Sheung was appointed as independent director and chair of compensation committee of the Company, effective November 30, 2023.

Mr. Tsang Sheung has served as a director of Fuji (China) Industrial Technology Co. Ltd. in Hong Kong and as the General Manager of Shenzhen Zhongzhi Investment Co. Ltd. since 2009.

He started his career at Bank of China (Hong Kong) Limited as a journalist after obtaining his bachelor?s degree in law from Jinan University in Guangzhou. Thereafter, he served successively as the director of the human resources, the director and then vice president of the president?s office, and the assistant to the president of the management division. Having served as an integral part of the restructuring and merger of Bank of China (Hong Kong) Group, Mr. Sheung has extensive experience in financial services, human resources, and corporate communications.

Mr. Tsang Sheung does not have a family relationship with any director or executive officer of the Company. He has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.