Next on New Third Board: Sexy shares

Chunshuitang, one of China's leading online store for sex products, is planning to list on a stock market in the first half of this year.

Its larger aim is to expand its portfolio of products and services in the booming sex toys market in China.

Lin Degang, chief executive officer of Chunshuitang, said proceeds of its initial public offering would be mainly used to develop more company-owned products and evolve its business from a sex products vendor to a products-and-services provider.