What does Wuhan University President Scholarship mean?

Reward full-time undergraduates with excellent academic performance. According to the inquiry of official website of Wuhan University, the President Scholarship of Wuhan University is a newly established scholarship program in the school, which belongs to the category of student scholarships. It is used to reward full-time undergraduates with excellent academic performance, and to award special prizes to freshmen who apply for Wuhan University for the first time and rank first in arts and sciences in their provinces, autonomous regions and municipalities directly under the Central Government, or freshmen who participate in the international Olympic Youth Olympics in mathematics, physics, chemistry, biology and informatics in high school.