SEC Form SC 13G filed by Erayak Power Solution Group Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Date of event: January 22, 2024
Erayak Power Solution Group Inc.
Class A Ordinary Shares
G3109F103
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) | |
| ☐ | Rule 13d-1(c) | |
| ☒ | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13G
| CUSIP No. | G3109F103 |
| 1 | Names of Reporting Persons |
| WANG-NGAI MAK | |
| 2 | Check the appropriate box if a member of a Group (see instructions) |
| (a) ☐ (b) ☐ | |
| 3 | Sec Use Only |
| 4 | Citizenship or Place of Organization: |
| HONG KONG SAR |
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5 | Sole Voting Power : |
| 6 | Shared Voting Power : | |
| 2,000,000 Class A ordinary shares(1) | ||
| 7 | Sole Dispositive Power : | |
| 8 | Shared Dispositive Power : | |
| 2,000,000 Class A ordinary shares(1) |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person: |
| 2,000,000 Class A ordinary shares | |
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) |
| ☐ | |
| 11 | Percent of class represented by amount in row (9): 18.18%(2)
|
| 12 | Type of Reporting Person (See Instructions): IN
|
| (1) | Mak is the sole director of CEC Science and Innovation Co., Ltd. and GRAND MERCHANT INCORPORATION LIMITED, and as such, may exercise voting and dispositive power over these shares. Mak may be deemed to share voting and dispositive power over these shares. |
| (2) | Based on 11,000,000 Class A ordinary shares of Erayak Power Solution Group Inc (the “Company”) outstanding as of January 22, 2024, as disclosure in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2022. |
2
SCHEDULE 13G
| CUSIP No. | G3109F103 |
| 1 | Names of Reporting Persons |
| CEC Science and Innovation Co., Ltd. | |
| 2 | Check the appropriate box if a member of a Group (see instructions) |
| (a) ☐ (b) ☐ | |
| 3 | Sec Use Only |
| 4 | Citizenship or Place of Organization: |
| United Kingdom |
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5 | Sole Voting Power : |
| 6 | Shared Voting Power : | |
| 1,400,000 Class A ordinary shares(1) | ||
| 7 | Sole Dispositive Power : | |
| 8 | Shared Dispositive Power : | |
| 1,400,000 Class A ordinary shares(1) |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person: |
| 1,400,000 Class A ordinary shares | |
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) |
| ☐ | |
| 11 |
Percent of class represented by amount in row (9): 2.73%(2) |
| 12 |
Type of Reporting Person (See Instructions): CO |
| (1) | Mak is the sole director of CEC Science and Innovation Co., Ltd. and GRAND MERCHANT INCORPORATION LIMITED, and as such, may exercise voting and dispositive power over these shares. Mak may be deemed to share voting and dispositive power over these shares. |
| (2) | Based on 11,000,000 Class A ordinary shares of Erayak Power Solution Group Inc (the “Company”) outstanding as of January 22, 2024, as disclosure in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2022. |
3
SCHEDULE 13G
| CUSIP No. | G3109F103 |
| 1 | Names of Reporting Persons |
| GRAND MERCHANT INCORPORATION LIMITED | |
| 2 | Check the appropriate box if a member of a Group (see instructions) |
| (a) ☐ (b) ☐ | |
| 3 | Sec Use Only |
| 4 | Citizenship or Place of Organization: |
| HONG KONG SAR |
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5 | Sole Voting Power : |
| 6 | Shared Voting Power : | |
| 600,000 Class A ordinary shares(1) | ||
| 7 | Sole Dispositive Power : | |
| 8 | Shared Dispositive Power : | |
| 600,000 Class A ordinary shares(1) |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person: |
| 600,000 Class A ordinary shares | |
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) |
| ☐ | |
| 11 |
Percent of class represented by amount in row (9): 5.45%(2) |
| 12 |
Type of Reporting Person (See Instructions): CO |
| (1) | Mak is the sole director of CEC Science and Innovation Co., Ltd. and GRAND MERCHANT INCORPORATION LIMITED, and as such, may exercise voting and dispositive power over these shares. Mak may be deemed to share voting and dispositive power over these shares. |
| (2) | Based on 11,000,000 Class A ordinary shares of Erayak Power Solution Group Inc (the “Company”) outstanding as of January 22, 2024, as disclosure in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2022. |
4
| Item 1. |
| (a) | Name of Issuer: Erayak Power Solution Group Inc. |
| (b) | Address of Issuer’s Principal Executive Offices: No. 528, 4th Avenue, Binhai Industrial Park, Wenzhou, Zhejiang Province, People’s Republic of China 325025 |
| Item 2. |
| (a) |
Name of Person Filing: WANG-NGAI MAK GRAND MERCHANT INCORPORATION LIMITED CEC Science and Innovation Co., Ltd. |
| (b) |
Address of Principal Business Office or, if None, Residence: FLAT C 12/F, FUNG SHING MANSION, 235 HAI TAN STREET, SHAM SHUI PO, HONGKONG |
| (c) |
Citizenship: WANG-NGAI MAK: Hong Kong SAR GRAND MERCHANT INCORPORATION LIMITED: Hong Kong SAR CEC Science and Innovation Co., Ltd.: United Kingdome |
| (d) |
Title and Class of Securities: Class A Ordinary Shares, par value $0.0001 per share |
| (e) |
CUSIP No.: G3109F103 |
5
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ☐ | Broker or dealer registered under Section 15 of the Act; | |
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Act; | |
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Act; | |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; | |
| (j) | ☐ | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | |
| (k) | ☐ | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________ |
| Item 4. | Ownership |
The following information with respect to the ownership of the common stock of the Issuer by the Reporting Persons filing this Statement is provided as of January 22, 2024:
(a) Amount beneficially owned:
See Row 9 and the corresponding footnotes on the cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 and the corresponding footnotes on the cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 and the corresponding footnotes on the cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 and the corresponding footnotes on the cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
See Row 7 and the corresponding footnotes on the cover page for each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
See Row 8 and the corresponding footnotes on the cover page for each Reporting Person.
6
| Item 5. |
Ownership of Five Percent or Less of a Class:
Not Applicable. |
| Item 6. |
Ownership of more than Five Percent on Behalf of Another Person:
Not Applicable. |
| Item 7. | Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person:
Not Applicable. |
| Item 8. |
Identification and classification of members of the group:
Not Applicable. |
| Item 9. |
Notice of Dissolution of Group:
Not Applicable. |
| Item 10. | Certifications.
By signing below the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
7
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: January 22, 2024
WANG-NGAI MAK
| /s/ Wang-Ngai Mak | |
| Wang-Ngai Mak |
GRAND MERCHANT INCORPORATION LIMITED
|
/s/ Wang-Ngai Mak |
|
| Wang-Ngai Mak |
CEC Science and Innovation Co., Ltd.
|
/s/ Wang-Ngai Mak |
|
| Wang-Ngai Mak |
8