Question 1 Amy, Betty and Candy incorporated ABC Lid (ABC) to engage in the production of skincare products. They are shareholders and directors of ABC Ltd, with Candy appointed as its managing director. Candy's relationship with the two has turned sour since the turn of this year. In March, Candy incorporated two companies - Health Lid (Health) and Candies Ltd (Candies). Health is a Hong Kong company engaged in the wholesale and retail business of skincare products. Health's sole director is Candy's best friend, Diane. Candies, formed in a foreign country and has no place of business in Hong Kong, owns all the shares in Health. Candy owns all the shares in Candies and is its sole director. Candy and Diane together make decisions for Health. Candy has never told Amy and Betty anything about Health and Candies. Recently, Candy made Health a business proposal on behalf of ABC (the proposal was unanimously approved by the board of ABC). The offer was accepted by Health. Explain whether Candy is in breach of company law as a director of ABC, and the consequences (if any)