After being nominated five times, Taiwan starlet Shu Chi finally won Best Actress for her performance in director Hou Hsiao-hsien's Three Times, a finely crafted film which depicts Taiwan under Japanese occupation, in the 1960s, and in modern-day times--three eras, three love stories, three types of beauty. It also won the award for Best Taiwanese Motion Picture.
影帝則由歌舞表演炫目的港星郭富城贏得；台灣女星舒淇在 5 度入圍後，終於在導演侯孝賢精心調教下，成功詮釋橫跨日治、1966、現代的三個年代、三段愛情的三種美感，而登上影后寶座；侯孝賢執導的《最好的時光》也獲頒「最佳台灣電影獎」。