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 been 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 positions FingerMotion to capitalize on the rapidly expanding enterprise AI infrastructure sector. By acquiring a stake in a company specializing in AI compute, FingerMotion aims to diversify its revenue streams beyond its core mobile payment and recharge platform in China. This move aligns with the company's vision to leverage its growing user base and develop additional value-added technologies.
FingerMotion is an evolving technology company with a 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 of the company 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 appointment of a seasoned CFO like Polimeni underscores FingerMotion's commitment to strengthening its financial leadership as it ventures into new technological frontiers. His extensive experience in capital raising and financial planning will be crucial as the company seeks to fund its AI initiatives and potentially pursue further strategic acquisitions.
This development is significant for investors and industry observers, as it signals FingerMotion's intent to evolve from a mobile payments provider into a diversified technology player with a stake in the high-growth AI compute market. The enterprise AI compute sector is expected to see substantial growth in the coming years, driven by increasing demand for processing power to support AI workloads. By entering this market, FingerMotion positions itself to benefit from this trend.
For more information on FingerMotion's latest news and updates, visit the company's newsroom at https://ibn.fm/FNGR. To view the full press release, see https://ibn.fm/IEiUM.
