The 2012 Lux Style Awards, officially known as the 1st Lux Style Awards ceremony, presented by the Lux Style Awards honors the best films of 2011 and took place between February 14–16, 2012. This year, the city of Pakistan played host to the Pakistani Film Industry.
Question: Lux Style Awards is an annual event held each year since 2012. True, False, or Neither? 