(a) Two years ago,AhChong and his brother,Ah Kong, formed a company calledDynamicDuo SdnBhd, carrying on the business of manufacturing sports equipment.Both were equal shareholders as well as the directors of the company, with equal powers of management.In June 2006Ah Kong surrendered his shares and left the company following a quarrel withAhChong. Since thenAhChong has been carrying on the business on his own with the help of three employees.In October 2006AhChong borrowed, in the name of the company, RM1 million fromBankBolehBhd, in order to expand the business of the company. However, the business took a turn for the worse, and inAugust 2007, the company borrowed a further RM1 million from LenmoreBank.Last month, the company was wound up as insolvent.BankBoleh and LenmoreBank wish to know whetherAhChong could be held personally liable for the debts owed to them.Required:AdviseBankBoleh and LenmoreBank. (5 marks)