DealsAug 11, 2026, 05:27 PM
Snail Enters Two Material Deals with Related Party Suzhou Snail
AI Summary
Snail, Inc. entered into two material definitive agreements with Suzhou Snail Digital Technology Co., Ltd. on August 5, 2026. The first agreement, through Interactive Films, LLC, is for short drama production services for the SaltyTV platform, valued at $864,000 for one year. The second agreement, through Snail Games USA, Inc., is for game testing services, valued at $252,000 for one year. These transactions are with a related party, as Snail, Inc.'s CEO, Mr. Hai Shi, and director Ms. Ying Zhou (his spouse) are also leaders at Suzhou Snail.
Key Highlights
- Snail, Inc. entered two material agreements with Suzhou Snail on August 5, 2026.
- First agreement is for Short Drama Production Business for SaltyTV platform.
- Short drama production contract sum is $864,000, payable in four quarterly installments of $216,000.
- Second agreement is for Game Testing Service.
- Game testing contract sum is $252,000, payable in four quarterly installments of $63,000.
- Both agreements cover the period from August 1, 2026, through July 31, 2027.
- Snail's CEO, Hai Shi, and director, Ying Zhou, hold leadership positions at Suzhou Snail.
Price Impact
More from SNAL