Chris Yang and Chau Jones (Chris and Chau) are Information Technology Specialists. In February 2021 they incorporated a company Wealth Unlimited Pty Ltd (the Company) with the Australian Securities and Investment Commission (ASIC). The shareholders and directors of the Company are Chris and Chau. In June 2021 Chris and Chau decided they needed more funds to enable them to build their investment training website. Chris and Chau approached their friends Maeve and Miranda and offered them 10,000 shares in the company at $2.00 per share. Maeve and Miranda both agreed to purchase the shares in the company for the asking price. Maeve and Miranda were not issued with any share certificates in the Company. Chris and Chau asked Maeve and Miranda to pay the purchase price into a bank account for Chris Yang and Chau Jones, which Maeve and Miranda did. Chris and Chau used half of the monies paid by Maeve and Miranda to have a luxury wedding in Bali. The remainder was spent on house renovations. Advise Maeve and Miranda whether Chris and Chau have breached any of their duties as directors of the company.