Literature Reference: 辰,时也;宥,宽也。—— 《说文解字》 Chen means time; You means leniency. Source from 'Shuowen Jiezi'.
辰: Time, celestial bodies.
宥: Tolerance, forgiveness, in the name it often signifies a person with a strong sense of inclusiveness and a broad-minded spirit.
Meaning: Chen You embodies the wisdom of time and leniency.