Can we draw the following hypothesis from the context (see options)?

Context:

The 1955 NCAA Skiing Championships were contested in Northfield, Vermont at the second annual NCAA-sanctioned ski tournament to determine the individual and team national champions of men's collegiate alpine, cross country skiing, and ski jumping in the United States.

Hypothesis: The first annual NCAA-sanctioned ski tournament took place.
I. Yes; II. It's impossible to say; III. No;
I.