I just spoke to the Director + Chairman, page-129

The easiest outcome would be for the China based shareholders to just buy out the Australian shareholders. I have had shares in a company before where this has happened. Otherwise, the Australian company through its subsidiaries should still have beneficial ownership of the company, which still appears to be trading, and its assets. Australian shareholders may have to wait for ASIC to take the reigns and appoint directors that can chase the assets. If the Chinese subsidiary can simply be taken over by the China based shareholders with nil consideration then there may be a legal case coming to try to take it back. If thats not possible, then the ASX and the auditors will have to explain how we ever had beneficial ownership of the assets in the first place.