FingerMotion, Inc. (Nasdaq: FNGR) ("FingerMotion" or the "Company"), a mobile data and telecommunications services company expanding into the enterprise AI compute market, today noted that Lyken AI Computing Inc., operating as Lyken.AI ("Lyken"), announced this morning they entered into a non-binding memorandum of understanding dated August 24, 2026 (the "MOU") with Singapore-based SWARMNET SOLUTIONS PTE. LTD. ("Swarmnet").

FingerMotion acquired a 9.9% interest in Lyken from Alset AI Ventures Inc. (TSXV:GPUS) in an all-stock transaction valued at $500,000 that closed on August 17, 2026. Alset AI retains a 90.1% controlling interest in Lyken.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.