1992 Tsengian presidential election

The 1992 Tsengian presidential election was held on Friday, May 29, 1992. Julius Han of the centrist faction of the National Prosperity Party was elected. He won against conservative hardliner and Tsengian nationalist Roman Tang. Although Tang called himself a "mainstream conservative", many non-partisan observers agreed that Tang was more of a far-right extremist or ultranationalist. Due to Tang's views, many politicians in the NPP themselves announced their support for Han even though Han was more centrist and part of the NPP Left faction. Han was eventually elected with 59.4% of the vote.

Tang refused to concede despite losing by a heavy margin, and declared that the election was fraudulent and that Tseng was infiltrated by communists. As a result, he and 20 other NPP politicians formed the New Right Party, and pressured the government to nullify Han's presidency. When this failed, Tang's supporters secretly plotted a coup d'etat to overthrow Han from office on January 1, 1993. This "New Year's plot" was discovered by SIAT agents, and all members of the plot were imprisoned or executed.