FingerMotion Inc. (NASDAQ: FNGR) has announced the appointment of Chris Polimeni as its new Chief Financial Officer, effective Aug. 17, 2026. Polimeni succeeds Lee Yew Hon, whose resignation was accepted by the board. The leadership change comes on the same day the company revealed 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 appointment and the investment in Lyken AI Computing underscore FingerMotion's strategic shift toward high-growth technology sectors. The company, known for its mobile payment and recharge platform solutions in China, is now positioning itself to capitalize on the burgeoning demand for AI computing infrastructure. The acquisition of a stake in Lyken AI Computing is a deliberate move to diversify and expand into enterprise AI compute, a market with significant growth potential as businesses increasingly adopt AI-driven solutions.
FingerMotion's core business remains its mobile payment and recharge platform, which continues to grow its user base. The company's vision is to rapidly expand this user base and develop an ecosystem of highly engaged users. By integrating AI compute capabilities, FingerMotion aims to leverage its existing platform and user data to offer enhanced services and solutions, potentially increasing user engagement and retention.
The appointment of a CFO with extensive experience in capital raising and M&A is critical as FingerMotion embarks on this new strategic direction. Polimeni's expertise will be instrumental in navigating the financial complexities of entering a new market, managing the company's balance sheet, and ensuring robust financial reporting to support its growth initiatives.
Investors and industry observers will be watching closely to see how FingerMotion leverages this partnership and whether it leads to further investments or collaborations in the AI space. The company's move into enterprise AI compute is a bold step that could redefine its business model and open up new revenue streams. However, it also introduces new risks, including integration challenges and competition in a rapidly evolving sector.
For more information on FingerMotion and its latest news, visit the company's newsroom at https://ibn.fm/FNGR.
