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.