FingerMotion Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
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SECTION 7 – REGULATION FD
Item 7.01 Regulation FD Disclosure
On April 17, 2024, FingerMotion, Inc. (the “Company” or “FingerMotion”) issued a news release to announce that through its contractually controlled entity, Shanghai JiuGe Information Technology Co., Ltd. (“JiuGe Technology”) it is entering into arrangements with certain electric vehicle (“EV”) charging station providers in the PRC to allow EV owners who have subscribed to the Da Ge app to locate and charge their vehicles, which is expected to significantly expand Da Ge’s usage.
As per the arrangements, to be formed with Jiangsu YKC and Shanghai Anyo Charging Technology Co., Ltd, a SAIC Group-owned service provider operating over 400,000 charging terminals for electric vehicles, the Da Ge app will integrate with both Jiangsu YKC and Anyo Charging’s app, thus allowing electric vehicle users subscribed to Da Ge to access direct connections at these terminals.
These agreements are anticipated to provide Da Ge access to the growing Chinese EV market, including the15 million new total electric vehicles in 2023 according to the data published by the PRC Ministry of Public Security, with the subscriber figures projected to continue to ramp up in 2024 and 2025.
Da Ge, launched by FingerMotion in January 2024, connects subscribers with independent service stations providing car washing, fine car detailing, paint protective films, color changing, and maintenance. The app has thus far generated 650,000 active subscribers, with a majority of these located in first and second tier cities throughout China. Da Ge has to date onboarded 20,000 car care service stations and anticipates a strong growth in this figure by the end of this year.
“We are excited to collaborate with both Jiangsu YKC and Anyo Charging and believe this will be a very positive mutually beneficial arrangement,” said FingerMotion CEO Martin Shen. “This is a big step in further monetizing our Da Ge app and giving our subscribers a product that really facilitates the use of electric charging stations in major cities across China.”
“Future Da Ge product offerings may include the Company’s Top Up and Recharge service, car accessories, and possibly health and auto insurance, which could double our total subscriber numbers by FY 2026,” stated Mr. Shen.
A copy of the news release is attached as Exhibit 99.1 hereto.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
|
Exhibit |
Description | |
| 99.1 | News Release dated April 17, 2024 | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FINGERMOTION, INC. | ||
| DATE: April 17, 2024 | By: | /s/ Martin J. Shen |
| Martin J. Shen | ||
| CEO and Director | ||