Chan was in attendance to receive an award for his contributions to motion picture arts and sciences from the actor's branch of the Academy.
Chan was honored by "Rush Hour" co-star Chris Tucker and Tom Hanks.
"I can't believe I'm standing here. It's a dream. A long time ago, every year when I watched the Oscars with my dad, sometimes with my mom, my dad would always say, "Son, you get so many movie awards in the world. When are you going to get one of these?'"
Proudly recording Chan's speech was Sylvester Stallone, who was also on hand to honor the actor.
Chan joked that the closest he got to an Oscar was 23 years ago in Stallone's house.
"After 56 years in the film industry making more than 200 films, after so many bones, finally, this is mine." Chan also made sure to thank his hometown of Hong Kong and his home country of China, which made him "proud to be Chinese" and his friends, wife and son and fans.
Watch Chan's acceptance speech at the 2016 Governors Awards below:
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