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Snail, Inc. entered into two related-party agreements with Suzhou Snail Digital Technology Co., Ltd. on August 5, 2026
SNALSnail, Inc.
Snail, Inc. entered into two related-party agreements with Suzhou Snail Digital Technology Co., Ltd. on August 5, 2026. The first is a Short Drama Production Business Agreement for technical development and marketing services totaling $864,000, payable in four quarterly installments of $216,000 starting September 30, 2026. The second is a Game Testing Service Agreement totaling $252,000, payable in four quarterly installments of $63,000 beginning the same date. These transactions involve Mr. Hai Shi, the Company's CEO and Chairman, who founded Suzhou Snail, and Ms. Ying Zhou, a Company director and Mr. Shi's spouse. The company operates in the digital entertainment industry, developing and publishing video games.