Item 3.02 Unregistered Sales of Equity Securities

On December 28, 2021, FingerMotion, Inc. (the "Company") granted an aggregate of 4,545,500 stock options pursuant to the Company's 2021 Stock Incentive Plan having an exercise price of $8.00 per share and an expiry date of five years from the date of grant to 40 individuals who were directors, officers, employees and consultants of the Company. The Company relied upon the exemption from registration under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), provided by Rule 903 of Regulation S promulgated under the U.S. Securities Act for the grant of stock options to the individuals who are non-U.S. persons, and upon the exemption from registration under Section 4(a)(2) of the U.S. Securities Act for two individuals who are U.S. persons. The stock options are all subject to vesting provisions of 20% on the date of grant and 20% on each of the first, second, third and fourth anniversary of the date of grant.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers





Stock Option Grant

On December 28, 2021, the Board of Directors of the Company approved and granted in aggregate 4,545,500 stock options of which 1,169,500 stock options were granted to certain directors and officers of the Company having an exercise price of $8.00 per share and an expiry date of five years from the date of grant. These stock options have vesting provisions of 20% on the date of grant and 20% on each of the first, second, third and fourth anniversary of the date of grant.

The following table below sets forth the stock options awarded to the Company's current directors and officers on December 28, 2021:

Name                           Number of Stock Options
Martin Shen (CEO)                                                230,000
Yew Hon Lee (CFO)                                                221,000
Hsien Loong Wong (Director)                                       78,500
Yew Poh Leong (Director)                                          78,500
Michael Chan (Director)                                           78,500
Eng Ho Ng (Director)                                              63,000
Li Li (Legal Representative and General Manager of               420,000

Shanghai JiuGe Information Technology Co., Ltd.)


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