FingerMotion’s Subsidiary Shanghai JiuGe Information

NEW YORK, NY, Oct. 19, 2022 (GLOBE NEWSWIRE) — FingerMotion, Inc. (“FingerMotion” or the “Company”)(Nasdaq: FNGR), a cell information and companies firm, is happy to announce a cooperation settlement between Suning.com and FingerMotion’s subsidiary, Shanghai JiuGe Information Technology Co., Ltd (“JiuGe”). The cooperation settlement makes JiuGe the supplier of top-up service on Suning.com’s e-commerce portal.  The settlement requires JiuGe to supply operational help within the type of platform growth, advertising and marketing and testing. 

“Our Top-up business continues to expand,” stated Martin Shen, CEO of FingerMotion, Inc.  “We have now on-boarded 5 of the top 10 Chinese e-commerce portal sites. We believe this major achievement is related to our open-source technology that allows e-commerce portals to quickly integrate with our system. We have our sights set on future expansion and plan to continue pursuing the remaining e-commerce portals.  We have found that the pandemic has accelerated the consumers online shopping preferences.”  

October 2020 Warrant Extension

The Company’s board of administrators has licensed a six month extension to the expiry date of the frequent inventory buy warrants that the Company issued on October 19, 2020 which have an expiry date of October 19, 2022 and an train worth of $2.00 per share (the “October 2020 Warrants”).  The new expiry date of the October 2020 Warrants is April 19, 2023.

About Suning.com

Suning.com was based in December 1990 and has reworked right into a high 10 e-commerce website.  The firm is headquartered in Nanjing and its portal primarily caters to shoppers purchasing for house home equipment, shopper electronics, well being, and sweetness merchandise. The e-commerce portal has an estimated 8 million in month-to-month site visitors. In 2020, Suning.com was ranked among the many Fortune Global 500, and ranked first within the retail trade with a model worth of 296.815 billion yuan in 2020. 

About FingerMotion, Inc.

FingerMotion is an evolving expertise firm with a core competency in cell fee and recharge platform options in China. It is one among just a few firms in China with entry to wholesale rechargeable minutes from China’s largest cell phone suppliers that may be resold to shoppers. As the consumer base of its main business continues to develop, the Company is creating further value-added applied sciences to market to its customers. The imaginative and prescient of the Company is to quickly develop the consumer base via natural means and have this development become an ecosystem of customers with excessive engagement charges using its progressive functions. Developing a extremely engaged ecosystem of customers would strategically place the Company to onboard bigger buyer bases. FingerMotion finally hopes to serve over 1 billion customers within the China market and finally develop the mannequin to different regional markets.

Company Contact:

FingerMotion, Inc.

For additional data e-mail: [email protected]

Phone: 718-269-3366

Investor Relations Contact:

Skyline Corporate Communications Group, LLC

Scott Powell, President

One Rockefeller Plaza, eleventh Floor

New York, NY 10020

Office: (646) 893-5835

Email: [email protected]

Safe Harbor Statement

This launch comprises forward-looking statements that contain dangers and uncertainties. Forward-looking statements give our present expectations of forecasts of future occasions. All statements apart from statements of present or historic truth contained on this launch, together with statements concerning our future monetary place, business technique, new merchandise, budgets, liquidity, money flows, projected prices, regulatory approvals or the influence of any legal guidelines or rules relevant to us, and plans and targets of administration for future operations, are forward-looking statements. The phrases “anticipate,” “believe,” “continue,” “could,” “should,” “estimate,” “expect,” “hope,” “intend,” “may,” “plan,” “project,” “will,” and related expressions, as they relate to us, are supposed to establish forward-looking statements. We have based mostly these forward-looking statements on our present expectations about future occasions. While we imagine these expectations are affordable, such forward-looking statements are inherently topic to dangers and uncertainties, lots of that are past our management. Our precise future outcomes might differ materially from these mentioned or implied in our forward-looking statements for numerous causes. Factors that would contribute to such variations embrace, however should not restricted to: worldwide, nationwide and native basic financial and market situations; demographic adjustments; the power of the Company to maintain, handle or forecast its development; the power of the Company to handle its VIE contracts; the power of the Company to take care of its relationships and licenses in China; opposed publicity; competitors and adjustments within the Chinese telecommunications market; fluctuations and problem in forecasting working outcomes; business disruptions, corresponding to technological failures and/or cybersecurity breaches; and the opposite components mentioned within the Company’s periodic reviews which might be filed with the Securities and Exchange Commission and accessible on its web site (http://www.sec.gov). Given these dangers and uncertainties, you might be cautioned to not place undue reliance on such forward-looking statements. The forward-looking statements included on this launch are made solely as of the date hereof. We don’t undertake any obligation to replace any such statements or to publicly announce the outcomes of any revisions to any of such statements to replicate future occasions or developments.