The nomination and selection of prize winners are conducted in accordance with the following timetable:
In the month of May of the year preceding the Award Year: The Tang Prize Selection Committee sends invitations to individuals and/or institutions to nominate candidates. Nomination for the Tang Prize is by invitation only.
September 30 of the year preceding the Award Year: Deadline for submitting nominations.
End of April of the Award Year: The Tang Prize Selection Committee for each Prize reviews the nominations, chooses one to three finalists, and submits the list of finalists with supporting documents to the Board of Directors of the Foundation for final approval.
May of the Award Year: Review and approval of the prize winners by the Board of Directors of the Foundation.
June 18 of the Award Year: Announcement of the prize winners by the Foundation.
September of the Award Year: Holding of the Tang Prize Award Ceremony and presentations of the Prizes.