FingerMotion Appoints Chris Polimeni as CFO Following Enterprise AI Compute Investment

FingerMotion Inc. (NASDAQ: FNGR) has named Chris Polimeni as its new chief financial officer, effective Aug. 17, 2026, succeeding Lee Yew Hon, whose resignation was accepted by the board. The appointment comes on the same day the company announced it had completed the acquisition of a 9.9% interest in Lyken AI Computing Inc., marking FingerMotion's entry into the enterprise AI compute market.

Polimeni brings more than 35 years of financial experience across public and private companies, with expertise in mergers and acquisitions, debt and equity capital raising, SEC reporting, financial planning, treasury management and taxation. Most recently, he served as CFO of Avax One Technology Ltd. and since 2020 has served as president and CEO of Polimeni & Associates Inc. FingerMotion said his focus will include supporting the company's growth plans through its balance sheet, financial reporting and capital structure.

The strategic investment in Lyken AI Computing is a significant step for FingerMotion, which has built its core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.

The entry into enterprise AI compute could diversify FingerMotion's revenue streams and capitalize on the growing demand for AI infrastructure. By investing in Lyken AI Computing, FingerMotion gains exposure to the AI compute sector, which is critical for training and deploying large-scale AI models. This move aligns with broader industry trends where companies are seeking to leverage AI to enhance their offerings and operational efficiency.

The appointment of a CFO with extensive experience in capital raising and M&A suggests that FingerMotion may be preparing for further investments or acquisitions to accelerate its AI strategy. Polimeni's background in debt and equity capital raising could be instrumental in funding future initiatives, while his expertise in financial planning and treasury management will help ensure the company's financial stability during this expansion phase.

FingerMotion's stock performance and investor sentiment may be influenced by these developments. The company's newsroom provides updates on FNGR, and the full press release can be viewed at https://ibn.fm/IEiUM. Investors are encouraged to monitor the company's progress as it integrates AI compute into its business model.

The combination of a new CFO and a strategic investment underscores FingerMotion's commitment to evolving beyond its traditional mobile payment services. This could position the company for long-term growth, leveraging AI to enhance its ecosystem and expand its market reach. The success of this strategy will depend on effective execution and the ability to capitalize on the growing demand for AI solutions in China and beyond.