Xiamen HaibaoInformation Technology Co., Ltd. confirmed to be listed on New Third Board anddisclosed to PEdaily.cn that it has reached a new round of private placementintent from a number of brokers and investors.
 
Pursuant tothe share issue program issued by Haibao Information, the company will issue 6%of shares (totally 2,700,000 shares), with the share price at RMB13.63 and atotal valuation of RMB650M. These shares are issued to Orient Securities,Essence Securities, Industrial Securities, CSC, JZ Securities, AJ Securities.

Taqu, formerlyknown as “Xingjiabi” was established by its founder Huang Tiancai and the othertwo partners Huang Haibo and Huang Junjie in 2012, and its core businesses are thesales of B2C sex toys and sexual health communication community.