Following Article 54 the Contract Law of PRC,  a party may request the court or an arbitration institution to modify or revoke the following contracts:

(1) those concluded as a result of significant misconception;

(2) those that are obviously unfair at the time when concluding the contract.

If a contract is concluded by one party against the other party’s true intentions through the use of fraud, coercion, or exploitation of the other party’s unfavorable position, the injured party shall have the right to request the people’s court or an arbitration institution to modify or revoke it.

Where a party requests for modification, the people’s court or the arbitration institution may not revoke the contract.