other material
confidence high
sentiment neutral
materiality 0.30
Snail enters $1.1M related-party agreements with Suzhou Snail for SaltyTV and game testing
Snail, Inc.
- Short Drama Production Business Agreement for SaltyTV: $864,000 total, four quarterly installments of $216,000 starting Sept 30, 2026.
- Game Testing Service Agreement: $252,000 total, four quarterly installments of $63,000; both cover Aug 1, 2026-Jul 31, 2027.
- Related parties: CEO Hai Shi is founder/chair/former CEO of Suzhou Snail; director Ying Zhou (Shi's spouse) is VP/director there.