premise: The Chinese University of Hong Kong (CUHK) is a public research university in Shatin, Hong Kong formally established in 1963 by a charter granted by the Legislative Council of Hong Kong. It is the territory's second oldest university and was founded as a federation of three existing colleges – Chung Chi College, New Asia College and United College – the oldest of which was founded in 1949.
hypothesis: It took CUHK over a decade to get their charter from the Legislative Council of Hong Kong.
reason: This statement is neither correct nor incorrect because the passage doesn't specify how long it took CUHK to get their charter.