In the ceremony, Hanks acknowledged the merit and contribution made by Jackie Chan, who received an honorary Oscar Award.
He added that his father used to ask him when he would win an Oscar but he said it would never happen because he made action comedies. Winning an Oscar award always remained a dream for the actor, one that has finally been fulfilled.
On Saturday at the annual Governors Awards, the Chinese actor and martial arts star finally received his little gold statuette, an honorary Oscar for his decades of work in film.
In a report byReuters, Jackie Chan saw an Oscar Award at Sylvester Stallone's house 23 years ago, it was in that moment when he decided that he also wanted one.
Jackie Chan has been in the film industry for 56 years and in that time has been in more than 200 films, including many blockbusters.
"I continue to make movies, jumping through windows, kicking and punching, breaking my bones".
Tom Hanks, Michelle Yeoh and Chris Tucker presented Mr Chan with the award.
Chan, also a stuntman, writer and director, has been performing since age 8, appearing in dozens of martial arts films in Hong Kong before becoming an worldwide film star.
The event comes across as a kind of opening bell of awards season that is soon to begin.
FILE - In this Saturday, Jan. 9, 2016, file photo, Career Achievement Award victor, editor Anne V. Coates poses at The 41st Annual Los Angeles Film Critics Association Awards at the InterContinental hotel, in Los Angeles.
"Great acting coms in many different forms, but if you are an actor you always know it when you see it. Jackie Chan's films have ben incredibly serious, sometimes gruesomely so, as well as incredibly hilarious to the point pop delighting millions of peoples around the globe". He said he has touched and smelled it. The actor-director and producer behind countless film projects that include Rush Hour, Drunken Master and many others, has had an illustrious career. Now, at 50 years old, 200 films and many broken bones later, he had one.
Richard Gere praised Anne Coates as the "greatest of great film editors".
Jeff Bridges and Warren Beatty were among the stars greeting Stalmaster, who was the first person to receive an Oscar for casting.