On April 15, 2024, Mr. Tsai also notified Snail, Inc. that he would continue to serve as a member of the Board of Directors; however, he was resigning, effective April 15, 2024, as Chairman of the Nominating and Corporate Governance Committee of the Board and as a member of the Compensation Committee of the Board. Mr. Tsai?s resignation from his positions with the Company was not the result of any disagreement with the Company on any matter relating to the Company?s operations, policies, or practices, including any matters concerning the Company?s controls or any financial or accounting-related matters or disclosures. Jim S. Tsai will remain a member of Snail team, as he will continue to serve as a member of the Board of Directors.

While Mr. Tian is new to the Company, he is a seasoned executive with extensive experience in the area of capital markets, and Mr. Shi is well known to the Company, its investors and stakeholders. Mr. Shi is the Founder, Chairman of the Board of Directors and Chief Strategy Officer of the Company and its subsidiaries, who is viewed as a pioneer in the video game industry. Mr. Shi is generally responsible for the Company?s overall vision to date, which has included adapting the Company?s current business model for the global markets, focusing on premium games and investing in video game development and publishing in North America and Europe.

Mr. Shi will continue these roles and contributions to the Company and its subsidiaries as a Co-Chief Executive Officer while also working closely with Mr. Tian with respect to the day-to-day operations, growth and innovation of the Company.