1. Company development stage: Ryan Group may still be in the initial stage or growth stage, and there is no need to expand its scale or expand its business through listing financing for the time being.
2. Market environment: The current market environment is not conducive to the listing of companies, such as poor market conditions, insufficient investor confidence and other factors.
3. Corporate strategy considerations: Ryan Group may be considering other development strategies, such as mergers and acquisitions, restructuring, etc. , will not consider the issue of listing for the time being.