1. The actual controller of the company has changed. The entry of new shareholders into the company brings new management concepts and strategic planning, which leads to changes in the company's business structure and development direction, which is not conducive to the stable development of the company.
2. The financial status of the company does not meet the listing requirements, such as high asset-liability ratio and low net profit.
3. The company lacks sufficient financial support, and the efficiency of capital use is not high, which can not meet the capital needs of listed companies.