Why doesn't Jiangsu Huanya Group go public?

There are many reasons why the Group did not go public. The specific reasons are as follows:

1, the company's management level is not high, resulting in the company's performance is not stable enough to meet the listing standards.

2. The company lacks sufficient financial support, unable to achieve stable profit and unable to meet the listing requirements.

3. The company has some legal or compliance problems, which cannot meet the compliance requirements for listing.

4. Before listing, the company did not do a good job in financial audit, legal compliance review and other preparatory work.