Exhibit 99.3

Chunghwa Telecom Co., Ltd. and

Subsidiaries

Consolidated Financial Statements for the

Six Months Ended June 30, 2014 and 2013

- 1 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	June 30, 2014 (Unaudited)				December 31, 2013 (Audited)				June 30, 2013 (Unaudited)
	Amount		%		Amount		%		Amount		%
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	28,141		6	$	14,585		3	$	58,988		13
Financial assets at fair value through profit or loss		—		—		—		—		1		—
Available-for-sale financial assets		—		—		24		—		2,667		—
Held-to-maturity financial assets		4,467		1		4,264		1		4,243		1
Hedging derivative assets		—		—		—		—		—		—
Trade notes and accounts receivable, net		23,610		5		22,901		5		23,655		5
Accounts receivable from related parties, net		70		—		69		—		51		—
Inventories		8,194		2		7,848		2		7,657		2
Prepayments		5,595		2		2,224		1		5,396		1
Other current monetary assets		5,182		1		4,636		1		8,974		2
Other current assets		5,267		1		3,962		1		3,735		1
Total current assets		80,526		18		60,513		14		115,367		25
NONCURRENT ASSETS
Available-for-sale financial assets		5,215		1		5,470		1		5,534		1
Held-to-maturity financial assets		5,715		1		7,502		2		10,207		2
Investments accounted for using equity method		2,328		—		2,359		—		2,130		1
Property, plant and equipment		298,533		66		302,714		69		296,564		65
Investment properties		8,010		2		8,018		2		7,781		2
Intangible assets		43,763		10		44,399		10		5,481		1
Deferred income tax assets		1,778		—		1,506		—		1,339		—
Prepayments		3,410		1		3,608		1		3,554		1
Other noncurrent assets		5,212		1		4,883		1		6,052		2
Total noncurrent assets		373,964		82		380,459		86		338,642		75
TOTAL	$	454,490		100	$	440,972		100	$	454,009		100

(Continued)

- 2 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	June 30, 2014 (Unaudited)					December 31, 2013 (Audited)					June 30, 2013 (Unaudited)
	Amount			%		Amount			%		Amount			%
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans	$	1,085			—	$	254			—	$	195			—
Financial liabilities at fair value through profit or loss		—			—		—			—		—			—
Hedging derivative liabilities		—			—		—			—		29			—
Trade notes and accounts payable		12,387			3		15,589			4		11,717			3
Payables to related parties		640			—		557			—		539			—
Current tax liabilities		6,368			1		6,171			2		6,016			1
Dividends payable		18,526			4		—			—		35,913			8
Other payables		38,862			9		26,792			6		27,875			6
Provisions		119			—		129			—		136			—
Advance receipts		9,060			2		9,464			2		11,044			3
Current portion of long-term loans		300			—		300			—		—			—
Other current liabilities		1,607			—		1,599			—		1,571			—
Total current liabilities		88,954			19		60,855			14		95,035			21
NONCURRENT LIABILITIES
Long-term loans		1,748			1		1,400			1		1,700			—
Deferred income taxes liabilities		111			—		101			—		104			—
Provisions		121			—		123			—		149			—
Customers’ deposits		4,775			1		4,835			1		4,811			1
Accrued pension liabilities		5,679			1		5,482			1		4,713			1
Deferred revenue		3,566			1		3,701			1		3,797			1
Other noncurrent liabilities		1,329			—		1,335			—		289			—
Total noncurrent liabilities		17,329			4		16,977			4		15,563			3
Total liabilities		106,283			23		77,832			18		110,598			24
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stock		77,574			17		77,574			17		77,574			17
Additional paid-in capital		146,717			32		163,294			37		163,292			36
Retained earnings
Legal reserve		76,893			17		74,819			17		74,819			16
Special reserve		2,820			1		2,676			1		2,676			1
Unappropriated earnings		40,200			9		40,075			9		20,852			5
Total retained earnings		119,913			27		117,570			27		98,347			22
Other adjustments		(412	)		—		(144	)		—		(103	)		—
Total equity attributable to stockholders of the parent		343,792			76		358,294			81		339,110			75
NONCONTROLLING INTERESTS		4,415			1		4,846			1		4,301			1
Total equity		348,207			77		363,140			82		343,411			76
TOTAL	$	454,490			100	$	440,972			100	$	454,009			100

(Concluded)

- 3 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Millions of New Taiwan Dollars, Except Earnings Per Share)

(Unaudited)

	For the Three Months Ended June 30											For the Six Months Ended June 30
	2014					2013						2014					2013
	Amount			%		Amount			%			Amount			%		Amount			%
REVENUES	$	55,784			100	$	55,838			100		$	110,834			100	$	112,455			100
OPERATING COSTS		35,037			63		35,279			63			70,037			63		72,730			65
GROSS PROFIT		20,747			37		20,559			37			40,797			37		39,725			35
OPERATING EXPENSES
Marketing		6,428			11		5,963			11			12,596			11		11,952			11
General and administrative		1,084			2		1,011			2			2,167			2		2,060			2
Research and development		897			2		932			1			1,791			2		1,803			1
Total operating expenses		8,409			15		7,906			14			16,554			15		15,815			14
OTHER INCOME AND EXPENSES		(11	)		—		(6	)		—			(20	)		—		(30	)		—
INCOME FROM OPERATIONS		12,327			22		12,647			23			24,223			22		23,880			21
NON-OPERATING INCOME AND EXPENSES
Interest income		84			—		173			—			143			—		324			—
Other revenue		142			—		69			—			395			—		139			—
Other gains and losses		23			—		(42	)		—			(10	)		—		(31	)		—
Financial costs		(10	)		—		(6	)		—			(19	)		—		(14	)		—
Share of the profit of associates and joint ventures accounted for using equity method		256			1		239			1			417			1		333			1
Total non-operating income and expenses		495			1		433			1			926			1		751			1
INCOME BEFORE INCOME TAX		12,822			23		13,080			24			25,149			23		24,631			22
INCOME TAX EXPENSE		1,039			2		(666	)		(1	)		3,942			4		2,164			2
NET INCOME		11,783			21		13,746			25			21,207			19		22,467			20
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will not be reclassified to profit or loss:
Share of remeasurements of defined benefit pension plans of associates		—			—		—			—			—			—		(40	)		—
Items that may be reclassified subsequently to profit or loss:
Unrealized gain (loss) on available-for-sale financial assets		26			—		(246	)		(1	)		(234	)		—		(333	)		—
Income tax relating to items that may be reclassified subsequently		1			—		—			—			2			—		—			—
Exchange differences arising from the translation of the foreign operations		(51	)		—		16			—			(37	)		—		90			—
Share of exchange differences arising from the translation of the foreign operations of associates		(32	)		—		(8	)		—			(24	)		—		3			—
Cash flow hedges		—			—		—			—			—			—		—			—
		(56	)		—		(238	)		(1	)		(293	)		—		(240	)		—
Total other comprehensive loss, net of income tax		(56	)		—		(238	)		(1	)		(293	)		—		(280	)		—

(Continued)

- 4 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Millions of New Taiwan Dollars, Except Earnings Per Share)

(Unaudited)

	For the Three Months Ended June 30								For the Six Months Ended June 30
	2014				2013				2014				2013
	Amount		%		Amount		%		Amount		%		Amount		%
TOTAL COMPREHENSIVE INCOME	$	11,727		21	$	13,508		24	$	20,914		19	$	22,187		20
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	11,576		21	$	13,411		24	$	20,869		19	$	21,758		19
Noncontrolling interests		207		—		335		1		338		—		709		1
	$	11,783		21	$	13,746		25	$	21,207		19	$	22,467		20
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	11,536		21	$	13,162		23	$	20,601		19	$	21,454		19
Noncontrolling interests		191		—		346		1		313		—		733		1
	$	11,727		21	$	13,508		24	$	20,914		19	$	22,187		20
EARNINGS PER SHARE
Basic	$	1.49			$	1.73			$	2.69			$	2.80
Diluted	$	1.49			$	1.72			$	2.69			$	2.80

(Concluded)

- 5 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(In Millions of New Taiwan Dollars)

(Unaudited)

																Other Adjustments
						Retained Earnings										Exchange Differences Arising from the Translation			Unrealized Gain (Loss) on Available-for-								Total Equity
	Common Stock		Additional Paid-in Capital			Legal Reserve		Special Reserve		Unappropri- ated Earnings			Total Retained Earnings			of the Foreign Operations			sale Financial Assets			Cash Flow Hedges		Total Other Adjustments			Attributable to Stockholders of the Parent			Noncontrolling Interests			Total Equity
BALANCE, JANUARY 1, 2013	$	77,574	$	168,877		$	70,829	$	2,676	$	39,037		$	112,542		$	(97	)	$	258		$	—	$	161		$	359,154		$	4,336		$	363,490
Appropriation of 2012 earnings
Legal reserve		—		—			3,990		—		(3,990	)		—			—			—			—		—			—			—			—
Cash dividends distributed by Chunghwa		—		—			—		—		(35,913	)		(35,913	)		—			—			—		—			(35,913	)		—			(35,913	)
Cash dividends distributed by subsidiaries		—		—			—		—		—			—			—			—			—		—			—			(811	)		(811	)
Cash distributed from additional paid-in capital		—		(5,589	)		—		—		—			—			—			—			—		—			(5,589	)		—			(5,589	)
Net income for the six months ended June 30, 2013		—		—			—		—		21,758			21,758			—			—			—		—			21,758			709			22,467
Other comprehensive income (loss) for the six months ended June 30, 2013		—		—			—		—		(40	)		(40	)		68			(332	)		—		(264	)		(304	)		24			(280	)
Total comprehensive income (loss) for the six months ended June 30, 2013		—		—			—		—		21,718			21,718			68			(332	)		—		(264	)		21,454			733			22,187
Exercise of employee stock options of subsidiaries		—		4			—		—		—			—			—			—			—		—			4			26			30
Compensation cost of employee stock option of a subsidiary		—		—			—		—		—			—			—			—			—		—			—			17			17
Increase in noncontrolling interests		—		—			—		—		—			—			—			—			—		—			—			—			—
BALANCE, JUNE 30, 2013	$	77,574	$	163,292		$	74,819	$	2,676	$	20,852		$	98,347		$	(29	)	$	(74	)	$	—	$	(103	)	$	339,110		$	4,301		$	343,411
BALANCE, JANUARY 1, 2014	$	77,574	$	163,294		$	74,819	$	2,676	$	40,075		$	117,570		$	6		$	(150	)	$	—	$	(144	)	$	358,294		$	4,846		$	363,140
Appropriation of 2013 earnings
Legal reserve		—		—			2,074		—		(2,074	)		—			—			—			—		—			—			—			—
Special reserve		—		—			—		144		(144	)		—			—			—			—		—			—			—			—
Cash dividends distributed by Chunghwa		—		—			—		—		(18,526	)		(18,526	)		—			—			—		—			(18,526	)		—			(18,526	)
Cash dividends distributed by subsidiaries		—		—			—		—		—			—			—			—			—		—			—			(797	)		(797	)
Cash distributed from additional paid-in capital		—		(16,577	)		—		—		—			—			—			—			—		—			(16,577	)		—			(16,577	)
Net income for the six months ended June 30, 2014		—		—			—		—		20,869			20,869			—			—			—		—			20,869			338			21,207
Other comprehensive loss for the six months ended June 30, 2014		—		—			—		—		—			—			(44	)		(224	)		—		(268	)		(268	)		(25	)		(293	)
Total comprehensive income (loss) for the six months ended June 30, 2014		—		—			—		—		20,869			20,869			(44	)		(224	)		—		(268	)		20,601			313			20,914
Compensation cost of employee stock option of a subsidiary		—		—			—		—		—			—			—			—			—		—			—			53			53
BALANCE, JUNE 30, 2014	$	77,574	$	146,717		$	76,893	$	2,820	$	40,200		$	119,913		$	(38	)	$	(374	)	$	—	$	(412	)	$	343,792		$	4,415		$	348,207

- 6 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	25,149		$	24,631
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		16,106			15,361
Amortization		785			602
Provision for doubtful accounts		148			138
Interest expenses		19			14
Interest income		(143	)		(324	)
Dividend income		(77	)		(34	)
Compensation cost of employee share options		53			17
Share of the profit of associates and joint ventures accounted for using equity method		(417	)		(333	)
Impairment loss on available-for-sale financial assets		9			27
Impairment loss on intangible assets		—			18
Provision for inventory and obsolescence		248			138
Impairment loss on property, plant and equipment		—			2
Loss (gain) on disposal of financial instruments		(44	)		7
Loss on disposal of property, plant and equipment		20			10
Loss on disposal of investments accounted for by using equity method		4			—
Valuation gain on financial instruments at fair value through profit or loss, net		—			(35	)
Gain arising on adjustments for hedged available-for-sale financial assets		—			(64	)
Valuation loss on hedging derivative liabilities, net		—			58
Valuation loss on hedging derivative assets, net		—			6
Loss (gain) on foreign exchange		107			(69	)
Changes in operating assets and liabilities:
Decrease (increase) in:
Financial assets held for trading		—			5
Trade notes and accounts receivable		(855	)		674
Receivables from related parties		—			(8	)
Inventories		(593	)		(599	)
Other current monetary assets		(274	)		(527	)
Prepayments		(3,172	)		(3,410	)
Other current assets		(1,306	)		741
Increase (decrease) in:
Trade notes and accounts payable		(3,256	)		(1,875	)
Payables to related parties		83			(301	)
Other payables		(4,188	)		(3,622	)
Provisions		(13	)		19
Advance receipts		(403	)		(88	)

(Continued)

- 7 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2014			2013
Other current liabilities	$	6		$	(33	)
Deferred revenue		(135	)		(42	)
Accrued pension liabilities		195			130
Cash generated from operations		28,056			31,234
Interest paid		(19	)		(22	)
Income tax paid		(4,005	)		(3,312	)
Net cash provided by operating activities		24,032			27,900
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of available-for-sale financial assets		(47	)		(1,798	)
Proceeds from disposal of available-for-sale financial assets		84			1,342
Capital reduction of available-for-sale financial assets		44			18
Acquisition of time deposits and negotiable certificate of deposits with maturities of more than three months		(411	)		(17,730	)
Proceeds from disposal of time deposits and negotiable certificate of deposits with maturities of more than three month		435			33,820
Proceeds from disposal of held-to-maturity financial assets		1,570			1,571
Proceeds from disposal of hedging derivative assets		—			10
Derecognition of hedging derivative liabilities		—			(84	)
Acquisition of investments accounted for using equity method		(133	)		(60	)
Capital reduction of associates		—			16
Acquisition of property, plant and equipment		(13,090	)		(15,586	)
Proceeds from disposal of property, plant and equipment		4			36
Acquisition of intangible assets		(149	)		(321	)
Increase in other noncurrent assets		(341	)		(1,451	)
Interest received		22			334
Cash dividends received		452			361
Net cash provided by (used in) investing activities		(11,560	)		478
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		831			227
Repayment of short-term loans		—			(144	)
Proceeds from long-term loans		348			—
Repayment of long-term loans		—			(358	)
Customers’ deposits refunded		(59	)		(95	)
Decrease in other noncurrent liabilities		(5	)		(84	)
Proceeds from exercise of employee stock option granted by subsidiaries		—			30
Net cash provided by (used in) financing activities		1,115			(424	)

(Continued)

- 8 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2014			2013
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	$	(31	)	$	96
NET INCREASE IN CASH AND CASH EQUIVALENTS		13,556			28,050
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		14,585			30,938
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	28,141		$	58,988

(Concluded)

- 9 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED JUNE 30, 2014 AND 2013

(Unaudited)

STATEMENT OF COMPLIANCE

The Company has prepared its consolidated balance sheets as of June 30, 2014, and 2013, the related consolidated statements of comprehensive income for the three months ended June 30, 2014 and 2013 and for the six months ended June 30, 2014 and 2013, as well as the consolidated statements of changes in equity and cash flows for the six months ended June 30, 2014 and 2013 in accordance with the International Financial Reporting Standards, International Accounting Standard and International Financial Reporting Interpretations Committee, as issued by the International Accounting Standard Board (collectively, “IFRSs”). The consolidated financial statements are incomplete as they omit the related footnote disclosures as required under IFRSs.

- 10 -