FingerMotion Enters into Term-Sheet for Potential Acquisition of Voice and Messaging Service Provider

Core Viewpoint - FingerMotion Inc. has entered into a non-binding term sheet with a telecom service provider for a potential acquisition, which is aimed at expanding its telecom service capabilities and enhancing its data-driven enterprise solutions [1][3] Company Overview - FingerMotion is a technology company specializing in mobile payment and recharge platform solutions in China, with a vision to grow its user base to over 1 billion and develop a highly engaged ecosystem of users [4] Acquisition Details - The term sheet allows both parties to conduct mutual due diligence and negotiate a definitive acquisition agreement, although no binding agreement has been executed yet [1][2] - The potential acquisition is subject to negotiation, due diligence, customary closing conditions, and approval by the Company's Board of Directors [2] Strategic Focus - The CEO of FingerMotion emphasized that the acquisition aligns with the company's strategic focus on expanding telecom service capabilities and enhancing shareholder and customer value [3]