Can the industry Committee renew the contract with the property company if there is any situation?

According to the property management regulations, the owners' congress has the right to decide whether to hire, replace or renew the property management contract, which can only be decided with the consent of more than two thirds of all the owners. The owners' committee is only the handling institution of entrusted affairs, and it has no rights.

The industry committee, namely the owners' committee, refers to the owners' representatives elected by the owners in the property management area, who, by implementing the decisions of the owners' congress, represent the interests of the owners, supervise and assist the property service enterprises or other managers to perform the property service contracts.