Exhibit 99.3

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Nine Months Ended September 30, 2022 and 2021

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	September 30, 2022 (Unaudited)				December 31, 2021 (Audited)				September 30, 2021 (Unaudited)
ASSETS	Amount		%		Amount		%		Amount		%
CURRENT ASSETS
Cash and cash equivalents	$	32,898		7	$	39,779		8	$	23,577		5
Financial assets at fair value through profit or loss		4		—		3		—		2		—
Hedging financial assets		13		—		—		—		—		—
Contract assets		5,702		1		5,554		1		5,340		1
Trade notes and accounts receivable, net		22,279		4		23,947		5		21,382		4
Receivables from related parties		107		—		41		—		66		—
Inventories		12,337		2		11,327		2		13,080		3
Prepayments		5,110		1		2,330		—		5,078		1
Other current monetary assets		4,362		1		5,061		1		5,242		1
Other current assets		4,008		1		2,979		1		3,094		1
Total current assets		86,820		17		91,021		18		76,861		16
NONCURRENT ASSETS
Financial assets at fair value through profit or loss		1,051		—		909		—		1,231		—
Financial assets at fair value through other comprehensive income		3,484		1		3,616		1		3,335		1
Investments accounted for using equity method		6,999		1		7,137		1		7,044		2
Contract assets		2,967		1		2,608		1		2,376		—
Property, plant and equipment		286,301		57		289,100		56		284,621		57
Right-of-use assets		11,234		2		11,051		2		10,492		2
Investment properties		9,707		2		9,663		2		9,590		2
Intangible assets		80,794		16		83,945		16		85,490		17
Deferred income tax assets		2,616		1		2,785		1		3,015		1
Incremental costs of obtaining contracts		967		—		988		—		972		—
Net defined benefit assets		3,901		1		3,391		1		3,929		1
Prepayments		1,923		—		1,798		—		1,892		—
Other noncurrent assets		4,625		1		4,863		1		4,841		1
Total noncurrent assets		416,569		83		421,854		82		418,828		84
TOTAL	$	503,389		100	$	512,875		100	$	495,689		100

	September 30, 2022 (Unaudited)					December 31, 2021 (Audited)					September 30, 2021 (Unaudited)
LIABILITIES AND EQUITY	Amount			%		Amount			%		Amount			%
CURRENT LIABILITIES
Short-term loans	$	592			—	$	65			—	$	66			—
Financial liabilities at fair value through profit or loss		—			—		6			—		—			—
Hedging financial liabilities		—			—		8			—		9			—
Contract liabilities		13,612			3		12,234			2		13,905			3
Trade notes and accounts payable		13,161			3		18,063			4		13,696			3
Payables to related parties		476			—		392			—		485			—
Current tax liabilities		4,734			1		6,530			1		4,266			1
Lease liabilities		3,216			1		3,211			1		3,243			—
Other payables		20,896			4		24,437			5		23,670			5
Provisions		226			—		285			—		258			—
Other current liabilities		1,000			—		998			—		921			—
Total current liabilities		57,913			12		66,229			13		60,519			12
NONCURRENT LIABILITIES
Long-term loans		1,600			—		1,600			—		1,600			—
Bonds payable		30,476			6		26,977			6		26,976			6
Contract liabilities		7,124			2		6,840			1		6,819			1
Deferred income taxes liabilities		2,248			—		2,189			—		2,188			—
Provisions		157			—		142			—		133			—
Lease liabilities		7,346			2		7,062			1		5,949			1
Customers’ deposits		5,076			1		5,336			1		4,827			1
Net defined benefit liabilities		2,268			—		2,288			1		3,435			1
Other noncurrent liabilities		6,835			1		5,082			1		3,081			1
Total noncurrent liabilities		63,130			12		57,516			11		55,008			11
Total liabilities		121,043			24		123,745			24		115,527			23
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks		77,574			15		77,574			15		77,574			16
Additional paid-in capital		149,827			30		149,810			29		149,808			30
Retained earnings
Legal reserve		77,574			15		77,574			15		77,574			16
Special reserve		3,084			1		2,676			1		2,676			1
Unappropriated earnings		62,471			12		70,157			14		61,689			12
Total retained earnings		143,129			28		150,407			30		141,939			29
Others		(182	)		—		(408	)		—		(483	)		—
Total equity attributable to stockholders of the parent		370,348			73		377,383			74		368,838			75
NONCONTROLLING INTERESTS		11,998			3		11,747			2		11,324			2
Total equity		382,346			76		389,130			76		380,162			77
TOTAL	$	503,389			100	$	512,875			100	$	495,689			100

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

(Unaudited)

	Three Months Ended September 30										Nine Months Ended September 30
	2022					2021					2022					2021
	Amount			%		Amount			%		Amount			%		Amount			%
REVENUES	$	53,508			100	$	50,886			100	$	157,238			100	$	150,588			100
OPERATING COSTS		33,174			62		32,046			63		97,211			62		94,997			63
GROSS PROFIT		20,334			38		18,840			37		60,027			38		55,591			37
OPERATING EXPENSES
Marketing		5,605			10		5,134			10		16,642			11		15,063			9
General and administrative		1,541			3		1,222			2		4,631			3		3,805			3
Research and development		983			2		936			2		2,785			1		2,704			2
Expected credit loss		21			—		101			—		95			—		188			—
Total operating expenses		8,150			15		7,393			14		24,153			15		21,760			14
OTHER INCOME AND EXPENSES		(2	)		—		(5	)		—		(6	)		—		(2	)		—
INCOME FROM OPERATIONS		12,182			23		11,442			23		35,868			23		33,829			23
NON-OPERATING INCOME AND EXPENSES
Interest income		58			—		28			—		146			—		74			—
Other income		69			—		211			—		323			—		302			—
Other gains and losses		(118	)		—		411			1		(165	)		—		670			—
Interest expenses		(69	)		—		(56	)		—		(190	)		—		(162	)		—
Share of profits of associates and joint ventures accounted for using equity method		79			—		63			—		395			—		179			—
Total non-operating income and expenses		19			—		657			1		509			—		1,063			—
INCOME BEFORE INCOME TAX		12,201			23		12,099			24		36,377			23		34,892			23
INCOME TAX EXPENSE		2,942			5		2,876			6		6,771			4		6,446			4
NET INCOME		9,259			18		9,223			18		29,606			19		28,446			19
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
Items that will not be reclassified to profit or loss:
Unrealized gain or loss on investments in equity instruments at fair value through other comprehensive income		(4	)		—		(241	)		—		(128	)		—		(1,251	)		(1	)
Gain or loss on hedging instruments subject to basis adjustment		20			—		5			—		21			—		(11	)		—
Share of other comprehensive income (loss) of associates and joint ventures		2			—		—			—		4			—		1			—
		18			—		(236	)		—		(103	)		—		(1,261	)		(1	)
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		187			—		(16	)		—		339			—		(64	)		—

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

(Unaudited)

	Three Months Ended September 30									Nine Months Ended September 30
	2022				2021					2022				2021
	Amount		%		Amount			%		Amount		%		Amount			%
Share of other comprehensive income (loss) of associates and joint ventures	$	4		—	$	—			—	$	5		—	$	(1	)		—
		191		—		(16	)		—		344		—		(65	)		—
Total other comprehensive income (loss), net of income tax		209		—		(252	)		—		241		—		(1,326	)		(1	)
TOTAL COMPREHENSIVE INCOME	$	9,468		18	$	8,971			18	$	29,847		19	$	27,120			18
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	8,865		17	$	8,876			17	$	28,466		18	$	27,429			18
Noncontrolling interests		394		1		347			1		1,140		1		1,017			1
	$	9,259		18	$	9,223			18	$	29,606		19	$	28,446			19
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	9,060		17	$	8,629			17	$	28,694		18	$	26,109			17
Noncontrolling interests		408		1		342			1		1,153		1		1,011			1
	$	9,468		18	$	8,971			18	$	29,847		19	$	27,120			18
EARNINGS PER SHARE
Basic	$	1.14			$	1.14				$	3.67			$	3.54
Diluted	$	1.14			$	1.14				$	3.67			$	3.53

(Concluded)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In Millions of New Taiwan Dollars)

(Unaudited)

	Equity Attributable to Stockholders of the Parent
															Others
															Exchange
															Differences
															Arising			Unrealized
															from the			Gain or Loss									Total Equity
					Retained Earnings										Translation of			on Financial			Gain or Loss on						Attributable to
			Additional				Special		Unappropriated			Total Retained			the Foreign			Assets at			Hedging						Stockholders			Noncontrolling
	Common Stocks		Paid-in Capital		Legal Reserve		Reserve		Earnings			Earnings			Operations			FVOCI			Instruments			Total Others			of the Parent			Interests			Total Equity
BALANCE, JANUARY 1, 2021	$	77,574	$	149,790	$	77,574	$	2,676	$	67,574		$	147,824		$	(315	)	$	1,240		$	2		$	927		$	376,115		$	11,158		$	387,273
Appropriation of 2020 earnings
Cash dividends distributed by Chunghwa		—		—		—		—		(33,404	)		(33,404	)		—			—			—			—			(33,404	)		—			(33,404	)
Cash dividends distributed by subsidiaries		—		—		—		—		—			—			—			—			—			—			—			(896	)		(896	)
Unclaimed dividend		—		2		—		—		—			—			—			—			—			—			2			—			2
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		—		—		—		—			—			—			—			—			—			—			—			—
Net income for the nine months ended September 30, 2021		—		—		—		—		27,429			27,429			—			—			—			—			27,429			1,017			28,446
Other comprehensive income (loss) for the nine months ended September 30, 2021		—		—		—		—		1			1			(65	)		(1,245	)		(11	)		(1,321	)		(1,320	)		(6	)		(1,326	)
Total comprehensive income (loss) for the nine months ended September 30, 2021		—		—		—		—		27,430			27,430			(65	)		(1,245	)		(11	)		(1,321	)		26,109			1,011			27,120
Disposal of investments in equity instruments at fair value through other comprehensive income		—		—		—		—		89			89			—			(89	)		—			(89	)		—			—			—
Share-based payment transactions of subsidiaries		—		16		—		—		—			—			—			—			—			—			16			51			67
BALANCE, SEPTEMBER 30, 2021	$	77,574	$	149,808	$	77,574	$	2,676	$	61,689		$	141,939		$	(380	)	$	(94	)	$	(9	)	$	(483	)	$	368,838		$	11,324		$	380,162
BALANCE, JANUARY 1, 2022	$	77,574	$	149,810	$	77,574	$	2,676	$	70,157		$	150,407		$	(392	)	$	(8	)	$	(8	)	$	(408	)	$	377,383		$	11,747		$	389,130
Appropriation of 2021 earnings
Special reserve		—		—		—		408		(408	)		—			—			—			—			—			—			—			—
Cash dividends distributed by Chunghwa		—		—		—				(35,746	)		(35,746	)		—			—			—			—			(35,746	)		—			(35,746	)
Cash dividends distributed by subsidiaries		—		—		—		—		—			—			—			—			—			—			—			(1,053	)		(1,053	)
Unclaimed dividend		—		2		—		—		—			—			—			—			—			—			2			—			2
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		—		—		—		—			—			—			—			—			—			—			—			—
Net income for the nine months ended September 30, 2022		—		—		—		—		28,466			28,466			—			—			—			—			28,466			1,140			29,606
Other comprehensive income (loss) for the nine months ended September 30, 2022		—		—		—		—		2			2			314			(109	)		21			226			228			13			241
Total comprehensive income (loss) for the nine months ended September 30, 2022		—		—		—		—		28,468			28,468			314			(109	)		21			226			28,694			1,153			29,847
Share-based payment transactions of subsidiaries		—		15		—		—		—			—			—			—			—			—			15			59			74
Net increase in noncontrolling interests		—		—		—		—		—			—			—			—			—			—			—			92			92
BALANCE, SEPTEMBER 30, 2022	$	77,574	$	149,827	$	77,574	$	3,084	$	62,471		$	143,129		$	(78	)	$	(117	)	$	13		$	(182	)	$	370,348		$	11,998		$	382,346

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Nine Months Ended September 30
	2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	36,377		$	34,892
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		24,583			23,748
Amortization		4,962			4,924
Amortization of incremental costs of obtaining contracts		628			602
Expected credit loss		95			188
Interest expense		190			162
Interest income		(146	)		(74	)
Dividend income		(157	)		(139	)
Compensation cost of share-based payment transactions		12			14
Share of profits of associates and joint ventures accounted for using equity method		(395	)		(179	)
Loss on disposal of property, plant and equipment		6			2
Gain on disposal of financial instruments		(1	)		—
Loss (gain) on disposal of investments accounted for using equity method		1			(3	)
Provision for impairment loss and obsolescence of inventory		72			83
Valuation loss (gain) on financial assets and liabilities at fair value through profit or loss, net		141			(527	)
Others		182			(128	)
Changes in operating assets and liabilities:
Decrease (increase) in:
Contract assets		(507	)		111
Trade notes and accounts receivable		1,602			1,127
Receivables from related parties		(66	)		164
Inventories		(1,082	)		(754	)
Prepayments		(2,905	)		(2,450	)
Other current monetary assets		(464	)		(408	)
Other current assets		(1,029	)		(745	)
Incremental cost of obtaining contracts		(607	)		(574	)
Increase (decrease) in:
Contract liabilities		1,662			(1	)
Trade notes and accounts payable		(4,900	)		(1,896	)
Payables to related parties		84			(161	)
Other payables		(2,056	)		(1,178	)
Provisions		(44	)		(23	)

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Nine Months Ended September 30
	2022			2021
Other current liabilities	$	39		$	(91	)
Net defined benefit plans		(530	)		(537	)
Cash generated from operations		55,747			56,149
Interests paid		(209	)		(171	)
Income taxes paid		(8,338	)		(7,999	)
Net cash provided by operating activities		47,200			47,979
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through other comprehensive income		(3	)		(103	)
Proceeds from disposal of financial assets at fair value through other comprehensive income		—			2,906
Proceeds from capital reduction of financial assets at fair value through other comprehensive income		7			—
Acquisition of financial assets at fair value through profit or loss		(326	)		(44	)
Proceeds from disposal of financial assets at fair value through profit or loss		15			25
Proceeds from capital reduction of financial assets at fair value through profit or loss		66			—
Acquisition of time deposits and negotiable certificates of deposit with maturities of more than three months		(5,136	)		(16,221	)
Proceeds from disposal of time deposits and negotiable certificates of deposit with maturities of more than three months		6,466			17,252
Acquisition of investments accounted for using equity method		(20	)		(330	)
Proceeds from disposal of investments accounted for using equity method		—			9
Proceeds from capital reduction of investments accounted for using equity method		340			—
Acquisition of property, plant and equipment		(20,219	)		(23,031	)
Proceeds from disposal of property, plant and equipment		5			20
Acquisition of intangible assets		(1,810	)		(128	)
Acquisition of investment properties		(18	)		—
Decrease in other noncurrent assets		205			346
Interests received		144			75
Dividends received		271			335
Net cash used in investing activities		(20,013	)		(18,889	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		935			179
Repayments of short-term loans		(408	)		(180	)
Proceeds from short-term bills payable		—			5,000
Repayments of short-term bills payable		—			(12,000	)

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Nine Months Ended September 30
	2022			2021
Proceeds from issuance of bonds	$	3,500		$	7,000
Payments for transaction costs attributable to the issuance of bonds		(4	)		(8	)
Decrease in customers’ deposits		(298	)		(31	)
Payments for the principal of lease liabilities		(2,993	)		(2,834	)
Increase in other noncurrent liabilities		1,753			1,191
Cash dividends paid		(35,746	)		(33,404	)
Cash dividends distributed to noncontrolling interests		(1,048	)		(893	)
Change in other noncontrolling interests		154			53
Unclaimed dividend		2			2
Net cash used in financing activities		(34,153	)		(35,925	)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		85			(8	)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(6,881	)		(6,843	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		39,779			30,420
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	32,898		$	23,577

(Concluded)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED SEPTEMBER 30, 2022 and 2021

(Unaudited)

STATEMENT OF COMPLIANCE

The Company has prepared its consolidated balance sheets as of September 30, 2022 and 2021, the related consolidated statements of comprehensive income for the three months ended September 30, 2022 and 2021, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the nine months ended September 30, 2022 and 2021 in accordance with International Accounting Standards No. 34 “Interim Financial Reporting” as issued by the International Accounting Standard Board (IASB). The consolidated financial statements are incomplete as they omit the related footnote disclosures as required under International Financial Reporting Standards as issued by IASB.

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