This rare kanji has no clear standalone meaning. Treat its meaning as uncertain.
The exact historical development is uncertain. The modern form combines 女 (woman) with 夌, but the original semantic and phonetic roles are unclear.
A woman 女 beside the component 夌, but the overall meaning is unclear. Treat it as a rare kanji with an uncertain meaning.
For リョウ, imagine a woman named Ryo standing beside the 夌 shape: Ryo -> リョウ.