Correct

发奖

/ fājiǎng / 
Strokes

Definition

to award a prize

Example

As a Verb

award/dispense/distribute/present a prize

1
Héshí
何时
fājiǎng
发奖
  
?

When will be the prize presentation/distribution?

2
Fājiǎng
发奖
yíshì
仪式

award ceremony; prize-giving ceremony

3
Gěi
给
huòshèngzhě
获胜者
fājiǎng
发奖

award/distribute a prize to the winner; bestow a prize upon the winner; present an award to the winner