<SEC-DOCUMENT>0001309014-17-000917.txt : 20171027
<SEC-HEADER>0001309014-17-000917.hdr.sgml : 20171027
<ACCEPTANCE-DATETIME>20171027060335
ACCESSION NUMBER:		0001309014-17-000917
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171027
FILED AS OF DATE:		20171027
DATE AS OF CHANGE:		20171027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHUNGHWA TELECOM CO LTD
		CENTRAL INDEX KEY:			0001132924
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31731
		FILM NUMBER:		171157788

	BUSINESS ADDRESS:	
		STREET 1:		21 3 HSINYI RD SECTION 1
		STREET 2:		TAIPEI TAIWAN REPUBLIC OF CHINAA
		CITY:			TAIPEI TAIWAN
		STATE:			XX
		ZIP:			10048
		BUSINESS PHONE:		886223445488

	MAIL ADDRESS:	
		STREET 1:		21 3 HSINYI RD SECTION 1
		STREET 2:		TAIPEI TAIWAN REPUBLIC OF CHINA
		CITY:			TAIPEI TAIWAN
		STATE:			XX
		ZIP:			10048
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>htm_11655.htm
<DESCRIPTION>LIVE FILING
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Chunghwa Telecom Co., Ltd.&nbsp;-&nbsp;Form&nbsp;6-K
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UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
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<FONT SIZE="+2" FACE="Arial"><B>FORM 6-K</B></FONT><BR>

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<FONT size="+1">
REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
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October 27, 2017
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	<FONT SIZE="+2"><B>Chunghwa Telecom Co., Ltd.</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
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	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
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	&nbsp;
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      <FONT FACE="Courier" SIZE="+0">Room 110, Finance Department of Headquarters, 21-3 Hsinyi Road, Sec. 1, Taipei, Taiwan</FONT>
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        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
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	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 40-F
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        &nbsp;
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        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
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        &nbsp;
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        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
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        &nbsp;
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        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
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        &nbsp;
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        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
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        &nbsp;
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<B>SIGNATURES</B>
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       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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       &nbsp;
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       &nbsp;
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       Chunghwa Telecom Co., Ltd.
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       &nbsp;
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       Date: October 27, 2017
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       By:
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       /s/Shui-Yi Kuo<BR><HR WIDTH="30%" NOSHADE>
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       &nbsp;
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       Name:&nbsp;
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       Shui-Yi Kuo
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       &nbsp;
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       Title:
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       Chief Financial Officer
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       &nbsp;
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EXHIBIT&nbsp;INDEX
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      &nbsp;
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      <FONT SIZE="-1"><B>Description</B></FONT>
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      <FONT SIZE="-1">99.1<FONT>
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       &nbsp;
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      <FONT SIZE="2">Press Release to Report Un-audited Consolidated Operating Results for the Third Quarter of 2017</FONT>
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<TYPE>EX-99.1
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<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
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Exhibit&nbsp;&nbsp;EX-99.1
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 11pt">EXHIBIT 99.1</FONT>



<P align="center" style="font-size: 11pt"><B>Chunghwa Telecom Reports Un-Audited Consolidated Operating Results<BR>
for the Third Quarter of 2017</B>



<P align="left" style="font-size: 11pt">TAIPEI, Taiwan, October&nbsp;27, 2017 &#151; Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (&#147;Chunghwa&#148;
or &#147;the Company&#148;) today reported its un-audited operating results for the third quarter of 2017.
All figures were prepared in accordance with Taiwan-International Financial Reporting Standards
(&#147;T-IFRSs&#148;) on a consolidated basis.


<P align="left" style="font-size: 11pt"><I>(Comparisons throughout the press release, unless otherwise stated, are made with regard to the
prior year period.)</I>


<P align="left" style="font-size: 11pt"><FONT style="font-size: 12pt"><B>Third Quarter 2017 Financial Highlights</B>
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right"><FONT style="font-size: 11pt">1.</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-size: 11pt">Total revenue decreased by 3.6% to NT$56.42&nbsp;billion.</FONT></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mobile communications revenue decreased by 3.0% to NT$26.96&nbsp;billion.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">I.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mobile value-added services (VAS)&nbsp;revenue increased by 5.2% to NT$10.91
billion. In particular, mobile Internet revenue, the largest contributor to VAS
revenue, increased by 6.0%.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">II.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Smart device sales revenue decreased by 2.4% to NT$7.63&nbsp;billion.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Internet revenue increased by 4.1% to NT$7.20&nbsp;billion.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Domestic fixed communications revenue decreased by 5.2% to NT$17.77&nbsp;billion.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>International fixed communications revenue decreased by 22.1% to NT$3.17&nbsp;billion.</TD>
</TR>

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<P>
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<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total operating costs and expenses decreased by 6.4% to NT$43.99&nbsp;billion.</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net income attributable to stockholders of the parent increased by 6.0% to NT$10.15
billion.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Basic earnings per share (EPS)&nbsp;was NT$1.31.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 11pt">Mr.&nbsp;Yu Cheng, Chairman and CEO of Chunghwa Telecom, stated, &#147;The third quarter of 2017 was another
quarter of stable financial and operating performance, during which we experienced revenue in-line
with our expectations and better-than-expected net income results. In our mobile business, we
maintained our leadership position with 36.9% market share in mobile subscribers and 37.3% market
share in mobile revenue. We continue to maintain the lowest churn rate in the market. Additionally,
we effectively executed our strategy to enhance our subsidy efficiency by re-allocating resources
to guide mobile subscribers toward high-end plans, resulting in an encouraging result this quarter.


<P align="left" style="font-size: 11pt">&#147;We are also pleased with the progress of our other segments. The number of subscribers in our
broadband business experienced another quarter-over-quarter increase, and we will continue to
strengthen our high-speed service adoption to continue this growth. To enhance our IPTV platform,
we rolled out OTT services, including Fox&#043; and KKTV, and, in August, we broadcasted the popular
Taipei 2017 Summer Universiade in 4K. Our MOD subscriber base grew significantly in the third
quarter, and we are pleased to see year-over-year revenue growth in this segment for several
consecutive quarters. We continued to leverage our technology and network advantage to develop our
ICT service, and we saw promising initial results on our IoT platform, which we showcased in our
smart cities projects in Taiwan.&#148;


<P align="left" style="font-size: 11pt">&#147;Going forward, as we continue to sharpen our competitive edges in network infrastructure, IDC, and
CDN, we remain committed to offering reliable, customized and complete ICT solutions, develop new
opportunities in our innovative business lines, and establish a comprehensive ecosystem in this
sector,&#148; Mr.&nbsp;Cheng concluded.


<P align="left" style="font-size: 11pt"><B>Revenue</B>


<P align="left" style="font-size: 11pt">Chunghwa Telecom&#146;s total revenues for the third quarter of 2017 decreased by 3.6% to NT$56.42
billion.


<P align="left" style="font-size: 11pt">Mobile communications revenue for the third quarter of 2017 decreased by 3.0% to NT$26.96&nbsp;billion.
This was mainly due to the decrease of mobile voice revenue and smart device sales that partially
offset the increase in mobile VAS revenue. The decrease in mobile voice revenue was mainly due to
increased market competition and VoIP substitution.


<P align="left" style="font-size: 11pt">Internet business revenue for the third quarter of 2017 increased by 4.1% year over year to NT$7.20
billion. The increase was primarily attributable to higher data communications revenue and
application value-added service revenue.


<P align="left" style="font-size: 11pt">Domestic fixed revenue for the third quarter of 2017 decreased by 5.2% year over year to NT$17.77
billion, mainly due to lower revenue from local and DLD service, which decreased by 4.6% and 6.7%,
respectively. The decrease was primarily driven by increased mobile and VoIP substitution.
Broadband access revenue decreased by 2.0% to NT$4.65&nbsp;billion.&nbsp;


<P align="left" style="font-size: 11pt">International fixed revenue decreased by 22.1% to NT$3.17&nbsp;billion, mainly due to the decrease of
international long distance revenue.


<P align="left" style="font-size: 11pt"><B>Operating Costs and Expenses</B>


<P align="left" style="font-size: 11pt">Total operating costs and expenses for the third quarter of 2017 decreased by 6.4% year over year
to NT$43.99&nbsp;billion, mainly due to lower cost of goods sold, interconnection expenses and ICT
project costs.


<P align="left" style="font-size: 11pt"><B>Operating Income and Net Income</B>


<P align="left" style="font-size: 11pt">Income from operations for the third quarter of 2017 increased by 8.0% to NT$12.42&nbsp;billion.
Operating margin was 22.0% as compared to 19.6% in the same period of 2016. Net income attributable
to stockholders of the parent increased by 6.0% to NT$10.15&nbsp;billion. Basic earnings per share was
NT$1.31.


<P align="left" style="font-size: 11pt"><B>Cash Flow and EBITDA</B>


<P align="left" style="font-size: 11pt">Cash flow from operating activities for the third quarter of 2017 increased by 44.4% to NT$19.32
billion, which was mainly due to the decrease in receivables.


<P align="left" style="font-size: 11pt">Cash and cash equivalents as of September&nbsp;30th, 2017, increased by 134.9% to NT$25.48&nbsp;billion as
compared to that as of September&nbsp;30th, 2016.


<P align="left" style="font-size: 11pt">EBITDA for the third quarter of 2017 increased by 3.3% to NT$20.22&nbsp;billion. EBITDA margin was
35.84% as compared to 33.47% in the same period of 2016.


<P align="left" style="font-size: 11pt"><FONT style="font-size: 12pt"><B>Business and Operational Highlights</B>
</FONT>

<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt"><B>Broadband/HiNet</B>
</FONT>

<P align="left" style="font-size: 11pt">The Company continued to execute its strategy of encouraging FTTx migration. As of September
30<sup>th</sup>, 2017, the number of FTTx subscribers reached 3.55&nbsp;million, accounting for 79.3% of
the Company&#146;s total broadband users. Moreover, the number of subscribers signing up for speeds of
100Mbps or higher increased by 10.3% year over year, reaching more than 1.26&nbsp;million.&nbsp;


<P align="left" style="font-size: 11pt">HiNet subscribers decreased by 0.6% year over year to 3.75&nbsp;million as of September&nbsp;30<sup>th</sup>,
2017.


<P align="left" style="font-size: 11pt"><B>Mobile</B>


<P align="left" style="font-size: 11pt">As of September&nbsp;30<sup>th</sup>, 2017, Chunghwa Telecom had 10.59&nbsp;million mobile subscribers,
representing a 2.1% year-over-year decrease. The Company also had 7.34&nbsp;million mobile Internet
subscribers, representing a 10.2% year-over-year increase.


<P align="left" style="font-size: 11pt">As of September&nbsp;30<sup>th</sup>, 2017, the number of 4G subscribers had increased to 7.85&nbsp;million.


<P align="left" style="font-size: 11pt"><B>Fixed line</B>


<P align="left" style="font-size: 11pt">As of September&nbsp;30<sup>th</sup>, 2017, the Company maintained its leading position in the
fixed-line market, with a total of 10.76&nbsp;million subscribers.


<P align="left" style="font-size: 11pt"><FONT style="font-size: 12pt"><B>Financial Statements</B>
</FONT>

<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt">Financial statements and additional operational data can be found on the Company&#146;s website at
http://www.cht.com.tw/en/ir/stockit-earningsit.html.
</FONT>

<P align="left" style="font-size: 11pt"><FONT style="font-size: 10pt"><B>NOTE CONCERNING FORWARD-LOOKING STATEMENTS</B>
</FONT>

<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">This press release contains forward-looking statements. These statements constitute
&#147;forward-looking&#148; statements within the meaning of Section&nbsp;27A of the Securities Act of 1933, as
amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as &#147;will,&#148; &#147;expects,&#148; &#147;anticipates,&#148; &#147;future,&#148; &#147;intends,&#148; &#147;plans,&#148;
&#147;believes,&#148; &#147;estimates&#148; and similar statements. Statements that are not historical facts, including
statements about Chunghwa&#146;s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties that could cause actual results
to differ materially from the forward-looking statements. A number of important factors could cause
actual results to differ materially from those contained in any forward-looking statement.
Investors are cautioned that actual events and results could differ materially from those
statements as a result of a number of factors including, but not limited to the risks outlined in
Chunghwa&#146;s filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and
20-F, in each case as amended. The forward-looking statements in this press release reflect the
current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no
obligation to update these forward-looking statements for events or circumstances that occur
subsequent to such date, except as required under applicable law.
</FONT>

<P align="left" style="font-size: 11pt">This press release is not an offer of securities for sale in the United States. Securities may not
be offered or sold in the United States absent registration or an exemption from registration. Any
public offering of securities to be made in the United States will be made by means of a prospectus
that may be obtained from the issuer or selling security holder and that will contain detailed
information about the company and management, as well as financial statements.


<P align="left" style="font-size: 11pt"><FONT style="font-size: 10pt"><B>NON-GAAP FINANCIAL MEASURES</B>
</FONT>

<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">To supplement the Company&#146;s consolidated financial statements presented in accordance with
International Financial Reporting Standards pursuant to the requirements of the Financial
Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a &#147;non-GAAP
financial measure&#148;. EBITDA is defined as consolidated net income (loss)&nbsp;excluding (i)&nbsp;depreciation
and amortization, (ii)&nbsp;total net comprehensive financing cost (which is comprised of net interest
expense, exchange gain or loss, monetary position gain or loss and other financing costs and
derivative transactions), (iii)&nbsp;other income, net, (iv)&nbsp;income tax, (v) (income)&nbsp;loss from
discontinued operations.
</FONT>

<P align="left" style="font-size: 11pt">In managing the Company&#146;s business, Chunghwa Telecom relies on EBITDA as a means of assessing its
operating performance because it excludes the effect of (i)&nbsp;depreciation and amortization, which
represents a non-cash charge to earnings, (ii)&nbsp;certain financing costs, which are significantly
affected by external factors, including interest rates, foreign currency exchange rates and
inflation rates, which have little or no bearing on our operating performance, (iii)&nbsp;income tax
(iv)&nbsp;other expenses or income not related to the operation of the business.


<P align="left" style="font-size: 11pt"><FONT style="font-size: 10pt"><B>CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES</B>
</FONT>

<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom
also provide non-GAAP financial measures, including &#147;EBITDA&#148;. The Company believes that the
non-GAAP financial measures provide investors with another method for assessing its operating
results in a manner that is focused on the performance of its ongoing operations.
</FONT>

<P align="left" style="font-size: 11pt">Chunghwa Telecom&#146;s management believes investors will benefit from greater transparency in
referring to these non-GAAP financial measures when assessing the Company&#146;s operating results, as
well as when forecasting and analyzing future periods. However, the Company recognizes that:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">**</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>these non-GAAP financial measures are limited in their usefulness and should be
considered only as a supplement to the Company&#146;s T-IFRSs financial measures;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">**</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>these non-GAAP financial measures should not be considered in isolation from, or as a
substitute for, the Company&#146;s T-IFRSs financial measures;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">**</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>these non-GAAP financial measures should not be considered to be superior to the
Company&#146;s T-IFRSs financial measures; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">**</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>these non-GAAP financial measures were not prepared in accordance with T-IFRSs and
investors should not assume that the non-GAAP financial measures presented in this earnings
release were prepared under a comprehensive set of rules or principle.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 11pt">Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be
different from non-GAAP financial measures used by other companies. As such, this presentation of
non-GAAP financial measures may not enhance the comparability of the Company&#146;s results to the
results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for
results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.


<P align="left" style="font-size: 11pt"><B>About Chunghwa Telecom</B>


<P align="left" style="font-size: 11pt">Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan&#146;s largest integrated telecommunications services
company that provides fixed-line, mobile, broadband, and internet services. The Company also
provides information and communication technology services to corporate customers. In recent years,
Chunghwa has been actively involved in corporate social responsibility and has won domestic and
international awards and recognition. For more information, please visit our website at
http://www.cht.com.tw.

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    <TD width="62%">&nbsp;</TD>
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<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 12pt">Contact:<BR>
Phone:<BR>
Email:</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 12pt">Fu-fu Shen<BR>
&#043;886 2 2344 5488<BR>
chtir@cht.com.tw</FONT></TD>
</TR>
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</DIV>



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