# EDGAR Filing Document

**Accession Number:** 0001886894
**File Stem:** 0001104659-23-011517
**Filing Date:** 2023-2
**Character Count:** 18743
**Document Hash:** ffbaf21d1c843f8b2895f30275d8b550
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-011517.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001104659-23-011517

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**GROUP MEMBERS**: SUZHOU DING RONG INVESTMENT MANAGEMENT LTD

**GROUP MEMBERS**: XIAOMING YE

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Snail, Inc.
- **CENTRAL INDEX KEY:** 0001886894
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 271157839
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93913
- **FILM NUMBER:** 23592859

**BUSINESS ADDRESS:**
- **STREET 1:** 12049 JEFFERSON BOULEVARD
- **CITY:** CULVER CITY
- **STATE:** CA
- **ZIP:** 90230
- **BUSINESS PHONE:** 1 (310) 928-7428

**MAIL ADDRESS:**
- **STREET 1:** 12049 JEFFERSON BOULEVARD
- **CITY:** CULVER CITY
- **STATE:** CA
- **ZIP:** 90230

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Snail Games USA, Inc.
- **DATE OF NAME CHANGE:** 20211006
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Qianrong Capital Ltd
- **CENTRAL INDEX KEY:** 0001964086
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** ROOM 1702, BUILDING 1
- **STREET 2:** NO. 9 CUIWEI STREET
- **CITY:** SUZHOU
- **STATE:** F4
- **ZIP:** 215123
- **BUSINESS PHONE:** 0118613913110588

**MAIL ADDRESS:**
- **STREET 1:** ROOM 1702, BUILDING 1
- **STREET 2:** NO. 9 CUIWEI STREET
- **CITY:** SUZHOU
- **STATE:** F4
- **ZIP:** 215123

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934\***

**Snail, Inc.** 

(Name of Issuer)

**Class A Common Stock, par value $0.0001 per share**

(Title of Class of Securities)

**83301J100**

(CUSIP Number)

**December 31, 2022**

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

◻ Rule 13d-1(b) <br> ◻ Rule 13d-1(c) <br> ⌧ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **CUSIP No. 83301J100** <br>| &nbsp;&nbsp;**SCHEDULE 13G** | &nbsp;&nbsp;**Page 1 of** 5 **Pages** |

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| | | | |
|:---|:---|:---|:---|
| 1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Qianrong Capital Limited | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Qianrong Capital Limited | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Qianrong Capital Limited |
| 2 | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻<br> (b) ◻ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻<br> (b) ◻ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻<br> (b) ◻ |
| 3 | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| 4 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>Cayman Islands | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>Cayman Islands | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>Cayman Islands |
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 5 | &nbsp;&nbsp; SOLE VOTING POWER<br>0<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 6 | &nbsp;&nbsp; SHARED VOTING POWER<br>1,840,090<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 7 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br>0<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 8 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br>1,840,090<br>|
| 9 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 |
| 10 | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻<br>◻ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻<br>◻ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻<br>◻ |
| 11 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(1)</sup> | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(1)</sup> | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(1)</sup> |
| 12 | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>CO | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>CO | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>CO |

---

<sup>(1)</sup> Based upon 8,157,443 shares of Class A common stock of the Issuer reported to be outstanding as of December 14, 2022 in the Issuer's Form 10-Q, filed with the SEC on December 15, 2022.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **CUSIP No. 83301J100** <br>| &nbsp;&nbsp;**SCHEDULE 13G** | &nbsp;&nbsp;**Page 2 of 5 Pages** |

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| | | | |
|:---|:---|:---|:---|
| 1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Suzhou Ding Rong Investment Management Limited | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Suzhou Ding Rong Investment Management Limited | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Suzhou Ding Rong Investment Management Limited |
| 2 | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ◻ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ◻ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ◻ |
| 3 | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| 4 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>People's Republic of China | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>People's Republic of China | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>People's Republic of China |
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 5 | &nbsp;&nbsp; SOLE VOTING POWER<br>0<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 6 | &nbsp;&nbsp; SHARED VOTING POWER<br>1,840,090 <sup>(1)</sup><br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 7 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br>0<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 8 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br>1,840,090 <sup>(1)</sup><br>|
| 9 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 <sup>(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 <sup>(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 <sup>(1)</sup> |
| 10 | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻ |
| 11 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(2)</sup> | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(2)</sup> | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(2)</sup> |
| 12 | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>CO | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>CO | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>CO |

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<sup>(1)</sup> Include 1,840,090 shares of Class A common stock held of record by Qianrong Capital Limited, which is wholly owned by Suzhou Ding Rong Investment Management Limited. Suzhou Ding Rong Investment Management Limited may be deemed to beneficially own the shares held by Qianrong Capital Limited.

<sup>(2)</sup> Based upon 8,157,443 shares of Class A common stock of the Issuer reported to be outstanding as of December 14, 2022 in the Issuer's Form 10-Q, filed with the SEC on December 15, 2022.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **CUSIP No. 83301J100** <br>| &nbsp;&nbsp;**SCHEDULE 13G** | &nbsp;&nbsp;**Page 3 of 5 Pages** |

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| | | | |
|:---|:---|:---|:---|
| <br> 1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Xiaoming Ye | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Xiaoming Ye | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>Xiaoming Ye |
| 2 | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ◻ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ◻ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ◻ |
| 3 | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| 4 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>People's Republic of China | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>People's Republic of China | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>People's Republic of China |
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 5 | &nbsp;&nbsp; SOLE VOTING POWER<br>0<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 6 | &nbsp;&nbsp; SHARED VOTING POWER<br>1,840,090 <sup>(1)</sup><br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 7 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br>0<br>|
| &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | &nbsp;&nbsp; <br> NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH | 8 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br>1,840,090 <sup>(1)</sup><br>|
| 9 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 <sup>(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 <sup>(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>1,840,090 <sup>(1)</sup> |
| 10 | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ◻ |
| 11 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(2)</sup> | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(2)</sup> | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>22.6% <sup>(2)</sup> |
| 12 | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>IN | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>IN | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br>IN |

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<sup>(1)</sup> Include 1,840,090 shares of Class A common stock held of record by Qianrong Capital Limited, which is wholly owned by Suzhou Ding Rong Investment Management Limited. Xiaoming Ye is the controlling shareholder and the executive director of Suzhou Ding Rong Investment Management Limited and may be deemed to beneficially own the shares directly held by Qianrong Capital Limited. Xiaoming Ye disclaims the beneficial ownership of any of the shares of the Issuer directly held by Qianrong Capital Limited, except to the extent of her pecuniary interests therein.

<sup>(2)</sup> Based upon 8,157,443 shares of Class A common stock of the Issuer reported to be outstanding as of December 14, 2022 in the Issuer's Form 10-Q prospectus, filed with the SEC on December 15, 2022.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **CUSIP No. 83301J100** <br>| &nbsp;&nbsp;**SCHEDULE 13G** | &nbsp;&nbsp;**Page 4 of 5 Pages** |

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| | |
|:---|:---|
| **Item 1(a)** | <u>Name of Issuer</u>:<br>Snail, Inc. (the "**Issuer**") |
| **Item 1(b)** | <u>Address of Issuer's Principal Executive Offices</u>: |

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12049 Jefferson Boulevard

Culver City

California 90230

United States of America

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| | |
|:---|:---|
| **Item 2(a)** | <u>Name of Persons Filing</u>: |

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This Schedule 13G is filed jointly by and on behalf of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Qianrong Capital Limited

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Suzhou Ding Rong Investment Management Limited

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Xiaoming Ye

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| | |
|:---|:---|
| **Item 2(b)** | <u>Address of Principal Business Office or, If None, Residence</u> |

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The business address of each reporting person is Room 1702, Building 1, No. 9 Cuiwei Street, Moonbay International Center SIP, Suzhou, Jiangsu, PRC.

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| | |
|:---|:---|
| **Item 2(c)** | <u>Citizenship</u> |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Qianrong Capital Limited: Cayman Islands

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Suzhou Ding Rong Investment Management Limited: People's Republic of China

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Xiaoming Ye: People's Republic of China

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| | |
|:---|:---|
| **Item 2(d)** | <u>Title of Class of Securities</u>:<br>Class A common stock, par value $0.0001 per share |
| **Item 2(e)** | <u>CUSIP Number</u>:<br>83301J100 |
| **Item 3.** | <u>Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):</u><br>Not applicable. |
| **Item 4.** | <u>Ownership</u> |

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The information for each reporting person contained in rows 5-11 of the cover pages and Item 2(a) is incorporated herein by reference.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **CUSIP No. 83301J100**<br>| &nbsp;&nbsp;**SCHEDULE 13G** | &nbsp;&nbsp;**Page 5 of 5 Pages** |

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| | |
|:---|:---|
| **Item 5.** | <u>Ownership of Five Percent or Less of a Class</u>**<br>** <br> Not applicable. |
| **Item 6.** | <u>Ownership of More Than Five Percent on Behalf of Another Person</u><br>Not applicable. |
| **Item 7.** | <u>Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person</u> |

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Not applicable.

**Item 8.** <u>Identification and Classification of Members of the Group</u>

Not applicable.

**Item 9.** <u>Notice of Dissolution of Group</u>

Not applicable.

**Item 10.** <u>Certifications</u>

Not applicable.

**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | | |
|:---|:---|:---|
| Dated: February 7, 2023 |  |  |
|  | Qianrong Capital Limited | Qianrong Capital Limited |
|  | By: | /s/ Xiaoming Ye |
|  | Name: | Xiaoming Ye |
|  | Title: | Director |
|  | Suzhou Ding Rong Investment Management Limited | Suzhou Ding Rong Investment Management Limited |
|  | By: | /s/ Xiaoming Ye |
|  | Name: | Xiaoming Ye |
|  | Title: | Executive Director |
|  | Xiaoming Ye | Xiaoming Ye |
|  | By: | /s/ Xiaoming Ye |

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**LIST OF EXHIBITS**

**TO SCHEDULE 13G**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit No.** | &nbsp;&nbsp;**Description** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;Joint Filing Agreement |

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**EXHIBIT A**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A common stock, par value of $0.0001 per share, of Snail, Inc., a Delaware company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 7, 2023.

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| | |
|:---|:---|
| Qianrong Capital Limited | Qianrong Capital Limited |
| By: | /s/ Xiaoming Ye |
| Name: | Xiaoming Ye |
| Title: | Director |
| Suzhou Ding Rong Investment Management Limited | Suzhou Ding Rong Investment Management Limited |
| By: | /s/ Xiaoming Ye |
| Name: | Xiaoming Ye |
| Title: | Executive Director |
| Xiaoming Ye | Xiaoming Ye |
| By: | /s/ Xiaoming Ye |

---