Neither one is a complete sentence, and the meaning isn't clear. What are you trying to say?

"1st homework" is confusing. What does "1st" mean. Is it the 1st to finish? Do you mean "the best" homework or who did their personal best? Also Both are incomplete phrases. Words after "for" and "with" are just added descriptions about the students so there need to be a verb. Excellent students who did well on their homework about writing their dreams RECEIVES (the verb) a gold star.

The correct option is: "Excellent students with the 1st Homework about writing their own dreams."

Both make no sense.

I but she's my dream moeny hahha