Whalechip definition
Examples of Whalechip in a sentence
Whalechip, a company incorporated in Taiwan, is principally engaged in the design and development of supercomputing chip and supercomputing equipment’s software and hardware system.
The Directors (including the independent non-executive Directors) consider that the entering into of the Framework Purchase Agreement is in the usual and ordinary course of business of the Group and the terms of the Framework Purchase Agreement were negotiated on an arm’s length basis and on normal commercial terms between Happy Technology and Whalechip.
On 15 May 2020, Happy Technology, an indirect non wholly-owned subsidiary of the Company, entered into the Framework Purchase Agreement with Whalechip whereby Happy Technology will purchase the Products from Whalechip.
The Directors are of view that the Framework Purchase Agreement would benefit the Group by securing a quality supply of the Products from a reputable supplier like Whalechip and is in line with the Group’s strategy to explore the blockchain-related technology and applications industry.