Given that 75% of the participants will receive an honorary award

\frac{75}{100} \times 400 = 300 people.

Also given that there are 400 people who participated in the ceremony,

So the number of people who did not receive an award is 400 - 300 = 100.

The number of people who received an award is 300, the number of people who did not receive an award is 100.

So the people who receive more awards than those who will not is 300 - 100 = 200.

A is the correct option.

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