Tang Prize Foundation Established in Taiwan: Academia Sinica to be Responsible for the Nomination and Selection of the

Tang Prize Foundation Established in Taiwan: Academia Sinica to be Responsible
    for the Nomination and Selection of the International Awards in Taiwan

  PR Newswire

  TAIPEI, Taiwan, Jan. 28, 2013

TAIPEI, Taiwan, Jan.28, 2013 /PRNewswire/ --The Tang Prize Foundation has
been officially established in Taiwan. The foundation has signed a contract
with the country's highest research institution, Academia Sinica, which will
be responsible for the nomination and selection for prizes in four categories:
Sustainable Development, Biopharmaceutical Science, Sinology (excluding
literary works), and Rule of Law. By recognizing the most original and
influential work in these four fields, it is hoped that the Tang Prize will
help promote first-classresearch to spur human development.

(Photo: http://photos.prnewswire.com/prnh/20130128/HK48965 )

The Tang Prize Foundation was established by Dr. Samuel Yin with a donation of
NT$3 billion (around US$102,000,000). Dr. Yin said, "Setting up the Tang Prize
has been one of my biggest dreams. I hope that the prize will encourage more
research that is beneficial to the world and humankind, promote Chinese
culture, and make the world a better place."

The four awards categories are important fields for humankind's future social
development. The Tang Prize Foundation hopes to increase attention to these
award fields from both academic circles and the public, and further to
encourage experts to dedicate themselves to innovative research in these four
fields. The efforts channeled into the Tang Prize all focus on the ultimate
goal of improving human life. The Tang Prize will become one of the world's
most prestigious and visionary awards and will allow Taiwan to be able to
contribute even more to the international community.

The president of Academia Sinica, Chi-HueyWong, said, "Historically, Academia
Sinica has always had a first-rate reputation. Both at home and abroad, our
academicians hold important positions in many fields, and thus have the
professional capability to select the best candidates for the Tang Prize."

"We shall carefully select experts from each field, both in Taiwan and abroad,
to compose the selection committee. With the most rigorous objectivity, this
committee will select individuals or institutions that have demonstrated the
most creative and influential research in the four fields. In this way, the
Tang Prize will gradually acquire international credibility," he said.

From 2014, the Tang Prize will be awarded once every two years, to individuals
or institutions that have made the most outstanding contributions in the four
areas. Each will receive an amount not less than NT$40 million (around
US$1,360,000) in prize money, and a further NT$10 million (around US$341,000)
will be allocated for the execution of a plan submitted by the prize
recipient(s) to promote and cultivate research and talent in the related area
within a period of five years.

Nominations for the first Tang Prize will be drawn up by the Tang Prize
selection committee, and invitations will be sent to eligible individuals
and/or institutions in May 2013. The closing date for candidates to accept
their nominations is September 30. The Tang Prize selection committee will
present detailed reports on the final candidate(s) to the Tang Prize
Foundation board at the end of April 2014. The Tang Prize Foundation board
will announce the laureates on June 18, 2014.

About the Tang Prize Foundation

The Tang Prize Foundation was created in 2012 by chairman of the Ruentex
Group, Dr. Samuel Yin, who invited a broad range of experts to serve on its
board. The foundation is responsible for promoting the guiding principles of
the Tang Prize and its sustainable management. It has commissioned Academia
Sinica to organize a selection committee responsible for the nomination and
selection process. The foundation will then select laureates based on the
committee's professional advice. The foundation's website is
www.tang-prize.org .

About the Tang Prize

The Tang Prize is an international award that recognizes the most original and
influential researchers or institutes in the areas of Sustainable Development,
Biopharmaceuticals Science, Sinology (excluding literary works), and Rule of
Law. It is hoped that the prize will encourage scholars to dedicate themselves
to research and development in these four areas and work towards
sustainability and balanced development.

The Tang Prize is named after the Tang Dynasty, which is much admired by the
prize founder. The dynasty was a golden age of cosmopolitan culture and the
high point of China's prosperity. The Tang Dynasty has inspired generation
after generation with admiration for its vibrant characteristics of
self-confidence and cosmopolitan inclusiveness. Such are the qualities that
the Tang Prize seeks to promote.

Website: http://www.tang-prize.org
Contact: Ogilvy Public Relations; Philip Liu, +886-2-7745-1573 /
+886-918-777-675, philipyt.liu@ogilvy.com; Monica Hung, +886-2-7745-1575 /
+886-920-912-416, monicams.hung@ogilvy.com
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