Exhibit 99.3

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Six Months Ended June 30, 2019 and 2018

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	June 30, 2019 (Unaudited)				December 31, 2018 (Audited)				June 30, 2018 (Unaudited)
ASSETS	Amount		%		Amount		%		Amount		%
CURRENT ASSETS
Cash and cash equivalents	$	36,551		7	$	27,645		6	$	43,844		9
Financial assets at fair value through profit or loss		3		—		—		—		277		—
Hedging financial assets		2		—		1		—		—		—
Contract assets		4,667		1		4,869		1		5,233		1
Trade notes and accounts receivable, net		27,704		6		30,076		7		29,224		6
Receivables from related parties		22		—		24		—		31		—
Inventories		15,257		3		15,121		3		11,938		2
Prepayments		4,938		1		1,873		—		5,689		1
Other current monetary assets		18,684		4		9,504		2		6,619		1
Other current assets		2,634		1		2,576		1		3,677		1
Total current assets		110,462		23		91,689		20		106,532		21
NONCURRENT ASSETS
Financial assets at fair value through profit or loss		508		—		517		—		—		—
Financial assets at fair value through other comprehensive income		6,649		1		6,933		1		7,052		1
Investments accounted for using equity method		2,829		1		2,732		1		2,353		1
Contract assets		2,406		—		2,344		—		2,562		1
Property, plant and equipment		283,594		58		288,914		62		285,685		60
Right-of-use assets		11,530		2		—		—		—		—
Investment properties		8,272		2		8,287		2		8,043		2
Intangible assets		48,934		10		50,944		11		52,805		11
Deferred income tax assets		3,546		1		3,554		1		3,269		1
Incremental costs of obtaining contracts		1,010		—		1,335		—		1,841		—
Net defined benefit assets		966		—		1,164		—		1,184		—
Prepayments		2,844		1		3,463		1		3,375		1
Other noncurrent assets		5,709		1		5,180		1		5,372		1
Total noncurrent assets		378,797		77		375,367		80		373,541		79
TOTAL	$	489,259		100	$	467,056		100	$	480,073		100
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans	$	95		—	$	100		—	$	80		—
Financial liabilities at fair value through profit or loss		1		—		1		—		—		—
Hedging financial liabilities		—		—		—		—		—		—
Contract liabilities		14,724		3		10,688		2		9,735		2
Trade notes and accounts payable		15,321		3		20,465		5		17,115		4
Payables to related parties		399		—		918		—		425		—
Current tax liabilities		5,232		1		6,221		1		5,575		1
Lease liabilities		3,393		1		—		—		—		—
Dividends payables		34,746		7		—		—		37,205		8
Other payables		20,990		5		23,315		5		22,892		5
Provisions		145		—		128		—		105		—
Other current liabilities		998		—		1,382		—		1,298		—
Total current liabilities		96,044		20		63,218		13		94,430		20
NONCURRENT LIABILITIES
Contract liabilities		6,370		2		2,595		1		2,360		1
Long-term loans		1,600		—		1,600		—		1,600		—
Deferred income taxes liabilities		1,955		—		1,992		—		2,040		—
Provisions		83		—		79		—		81		—
Lease liabilities		6,341		1		—		—		—		—
Customers’ deposits		4,647		1		4,716		1		4,627		1
Net defined benefit liabilities		3,613		1		3,534		1		2,036		—
Other noncurrent liabilities		1,447		—		4,793		1		4,726		1
Total noncurrent liabilities		26,056		5		19,309		4		17,470		3
Total liabilities		122,100		25		82,527		17		111,900		23
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks		77,574		16		77,574		17		77,574		16
Additional paid-in capital		149,761		30		149,762		32		149,455		31
Retained earnings
Legal reserve		77,574		16		77,574		17		77,574		16
Special reserve		2,676		1		2,676		1		2,676		1
Unappropriated earnings		49,802		10		66,626		14		51,503		11
Total retained earnings		130,052		27		146,876		32		131,753		28
Other adjustments		226		—		460		—		80		—
Total equity attributable to stockholders of the parent		357,613		73		374,672		81		358,862		75
NONCONTROLLING INTERESTS		9,546		2		9,857		2		9,311		2
Total equity		367,159		75		384,529		83		368,173		77
TOTAL	$	489,259		100	$	467,056		100	$	480,073		100

- 1 -

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 June 30											Six Months Ended June 30
	2019					2018						2019					2018
	Amount			%		Amount			%			Amount			%		Amount			%
REVENUES	$	50,108			100	$	53,659			100		$	101,439			100	$	107,291			100
OPERATING COSTS		32,267			64		33,193			62			65,748			65		67,643			63
GROSS PROFIT		17,841			36		20,466			38			35,691			35		39,648			37
OPERATING EXPENSES
Marketing		5,483			11		5,955			11			10,891			11		11,608			10
General and administrative		1,141			2		1,168			2			2,312			2		2,359			2
Research and development		954			2		910			2			1,875			1		1,835			2
Expected credit loss (reversal of credit loss)		(46	)		—		370			1			(102	)		—		768			1
Total operating expenses		7,532			15		8,403			16			14,976			14		16,570			15
OTHER INCOME AND EXPENSES		(5	)		—		(9	)		—			(9	)		—		(81	)		—
INCOME FROM OPERATIONS		10,304			21		12,054			22			20,706			21		22,997			22
NON-OPERATING INCOME AND EXPENSES
Interest income		77			—		59			—			130			—		98			—
Other income		279			1		301			1			335			—		357			—
Other gains and losses		116			—		12			—			97			—		(21	)		—
Interest expenses		(26	)		—		(5	)		—			(52	)		—		(9	)		—
Share of profits of associates accounted for using equity method		148			—		127			—			225			—		207			—
Total non-operating income and expenses		594			1		494			1			735			—		632			—
INCOME BEFORE INCOME TAX		10,898			22		12,548			23			21,441			21		23,629			22
INCOME TAX EXPENSE (BENEFIT)		628			2		(965	)		(2	)		3,080			3		1,593			1
NET INCOME		10,270			20		13,513			25			18,361			18		22,036			21
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		(124	)		—		(453	)		—			(283	)		—		(687	)		—
Gain or loss on hedging instruments subject to basis adjustment		5			—		—			—			1			—		1			—
Income tax benefit relating to items that will not be reclassified to profit or loss		—			—		—			—			—			—		207			—
		(119	)		—		(453	)		—			(282	)		—		(479	)		—
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		39			—		119			—			63			—		67			—
Share of exchange differences arising from the translation of the foreign operations of associates		—			—		1			—			—			—		2			—
		39			—		120			—			63			—		69			—
Total other comprehensive loss, net of income tax		(80	)		—		(333	)		(1	)		(219	)		—		(410	)		—
TOTAL COMPREHENSIVE INCOME		10,190			20		13,180			24			18,142			18		21,626			21

(Continued)

- 2 -

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 June 30								Six Months Ended June 30
	2019				2018				2019				2018
	Amount		%		Amount		%		Amount		%		Amount		%
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	10,044		20	$	13,204		25	$	17,973		18	$	21,471		20
Noncontrolling interests		226		—		309		—		388		—		565		1
	$	10,270		20	$	13,513		25	$	18,361		18	$	22,036		21
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	9,961		20	$	12,867		24	$	17,739		18	$	21,049		20
Noncontrolling interests		229		—		313		—		403		—		577		1
	$	10,190		20	$	13,180		24	$	18,142		18	$	21,626		21
EARNINGS PER SHARE
Basic	$	1.29			$	1.70			$	2.32			$	2.77
Diluted	$	1.29			$	1.70			$	2.31			$	2.76

(Concluded)

- 3 -

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
																	Other Adjustments
						Retained Earnings											Exchange Differences Arising from the			Unrealized Gain			Gain on Hedging Instruments						Total Equity Attributable to Stockholders of the Parent
	Common Stocks		Additional Paid-in Capital			Legal Reserve		Special Reserve			Unappropriated Earnings			Total Retained Earnings			Translation of the Foreign Operations			or Loss on Financial Assets at FVOCI						Total Other Adjustments						Noncontrolling Interests			Total Equity
BALANCE, JANUARY 1, 2018	$	77,574	$	148,091		$	77,574	$	2,681		$	54,633		$	134,888		$	(174	)	$	—		$	—		$	383		$	360,936		$	8,474		$	369,410
Effect of retrospective application		—		—			—		—			12,393			12,393			—			883			(1	)		325			12,718			(4	)		12,714
BALANCE, JANUARY 1, 2018 AS ADUJUSTED		77,574		148,091			77,574		2,681			67,026			147,281			(174	)		883			(1	)		708			373,654			8,470			382,124
Appropriation of 2017 earnings
Reversal of special reserve		—		—			—		(5	)		5			—			—			—			—			—			—			—			—
Cash dividends distributed by Chunghwa		—		—			—		—			(37,205	)		(37,205	)		—			—			—			—			(37,205	)		—			(37,205	)
Cash dividends distributed by subsidiaries		—		—			—		—			—			—			—			—			—			—			—			(958	)		(958	)
Partial disposal of interests in subsidiaries		—		521			—		—			—			—			—			—			—			—			521			206			727
Change in additional paid-in capital for not participating in the capital increase of subsidiaries		—		777			—		—			—			—			—			—			—			—			777			700			1,477
Net income for the six months ended June 30, 2018		—		—			—		—			21,471			21,471			—			—			—			—			21,471			565			22,036
Other comprehensive income (loss) for the six months ended June 30, 2018		—		—			—		—			206			206			62			(691	)		1			(628	)		(422	)		12			(410	)
Total comprehensive income (loss) for the six months ended June 30, 2018		—		—			—		—			21,677			21,677			62			(691	)		1			(628	)		21,049			577			21,626
Share-based payment transactions of subsidiaries		—		12			—		—			—			—			—			—			—			—			12			38			50
Net increase in noncontrolling interests		—		54			—		—			—			—			—			—			—			—			54			278			332
BALANCE, JUNE 30, 2018	$	77,574	$	149,455		$	77,574	$	2,676		$	51,503		$	131,753		$	(112	)	$	192		$	—		$	80		$	358,862		$	9,311		$	368,173
BALANCE, JANUARY 1, 2019	$	77,574	$	149,762		$	77,574	$	2,676		$	66,626		$	146,876		$	(79	)	$	538		$	1		$	460		$	374,672		$	9,857		$	384,529
Effect of retrospective application (Note 2)		—		—			—		—			(51	)		(51	)		—			—			—			—			(51	)		(20	)		(71	)
BALANCE, JANUARY 1, 2019 AS ADUJUSTED		77,574		149,762			77,574		2,676			66,575			146,825			(79	)		538			1			460			374,621			9,837			384,458
Appropriation of 2018 earnings Cash dividends distributed by Chunghwa		—		—			—		—			(34,746	)		(34,746	)		—			—			—			—			(34,746	)		—			(34,746	)
Cash dividends distributed by subsidiaries		—		—			—		—			—			—			—			—			—			—			—			(710	)		(710	)
Net income for the six months ended June 30, 2019		—		—			—		—			17,973			17,973			—			—			—			—			17,973			388			18,361
Other comprehensive income (loss) for the six months ended June 30, 2019		—		—			—		—			—			—			41			(276	)		1			(234	)		(234	)		15			(219	)
Total comprehensive income (loss) for the six months ended June 30, 2019		—		—			—		—			17,973			17,973			41			(276	)		1			(234	)		17,739			403			18,142
Share-based payment transactions of subsidiaries		—		(1	)		—		—			—			—			—			—			—			—			(1	)		16			15
BALANCE, JUNE 30, 2019	$	77,574	$	149,761		$	77,574	$	2,676		$	49,802		$	130,052		$	(38	)	$	262		$	2		$	226		$	357,613		$	9,546		$	367,159

- 4 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	21,441		$	23,629
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		15,432			13,759
Amortization		2,129			2,175
Amortization of incremental costs of obtaining contracts		691			1,098
Expected credit loss (reversal of credit loss)		(102	)		768
Interest expenses		52			9
Interest income		(130	)		(98	)
Dividend income		(241	)		(231	)
Compensation cost of share-based payment transactions		1			16
Share of profits of associates accounted for using equity method		(225	)		(207	)
Loss on disposal of property, plant and equipment		9			30
Loss on disposal of intangible assets		—			—
Gain on disposal of financial instruments		—			(6	)
Loss (gain) on disposal of investments accounted for using equity method		(151	)		—
Provision for inventory and obsolescence		241			36
Impairment loss on intangible assets		—			51
Valuation loss (gain) on financial assets and liabilities at fair value through profit or loss, net		6			—
Others		8			(3	)
Changes in operating assets and liabilities:
Decrease (increase) in:
Financial assets mandatorily measured at fair value through profit or loss		—			(219	)
Contract assets		140			2,187
Trade notes and accounts receivable		2,464			1,978
Receivables from related parties		2			19
Inventories		(377	)		(3,267	)
Prepayments		(3,104	)		(3,310	)
Other current monetary assets		(1,033	)		(244	)
Other current assets		(58	)		(1,362	)
Incremental cost of obtaining contracts		(366	)		(465	)
Increase (decrease) in:
Contract liabilities		4,114			1,465
Trade notes and accounts payable		(5,144	)		(2,283	)
Payables to related parties		(519	)		(259	)
Other payables		(2,127	)		(2,578	)
Provisions		22			6
Other operating liabilities		(154	)		240
Net defined benefit plans		277			(1,838	)
Cash generated from operations		33,298			31,096

(Continued)

- 5 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2019			2018
Interest paid	$	(51	)	$	(9	)
Income tax paid		(4,073	)		(6,639	)
Net cash provided by operating activities		29,174			24,448
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of financial assets at fair value through other comprehensive income		—			(200	)
Acquisition of time deposits and negotiable certificates of deposit with maturities of more than three months		(12,308	)		(3,229	)
Proceeds from disposal of time deposits and negotiable certificates of deposit with maturities of more than three months		4,654			2,750
Proceeds from disposal of investments accounted for using equity method		32			3
Proceeds from capital reduction of investments accounted for using equity method		—			19
Acquisition of property, plant and equipment		(10,315	)		(11,214	)
Proceeds from disposal of property, plant and equipment		24			24
Acquisition of intangible assets		(119	)		(147	)
Acquisition of investment properties		—			(5	)
Increase in other noncurrent assets		(504	)		(28	)
Interest received		125			93
Cash dividends received		18			—
Net cash used in investing activities		(18,393	)		(11,934	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		305			210
Repayment of short-term loans		(310	)		(200	)
Decrease in customers’ deposits		(85	)		(45	)
Payments for the principal of lease liabilities		(1,962	)		—
Increase in other noncurrent liabilities		137			102
Partial disposal of interests in subsidiaries without losing control		—			594
Change in other noncontrolling interests		14			1,842
Net cash provided by (used in) financing activities		(1,901	)		2,503
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		26			2
NET INCREASE IN CASH AND CASH EQUIVALENTS		8,906			15,019
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		27,645			28,825
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	36,551		$	43,844

(Concluded)

- 6 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED JUNE 30, 2019 and 2018

(In Millions of New Taiwan Dollars)

(Unaudited)

1. STATEMENT OF COMPLIANCE

The Company has prepared its consolidated balance sheets as of June 30, 2019 and 2018, the related consolidated statements of comprehensive income for the three months ended June 30, 2019 and 2018, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the six months ended June 30, 2019 and 2018 in accordance with IAS 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.

2. APPLICATION OF NEW AND REVISED STANDARDS AND INTERPRETATIONS

Except for the effect of application of IFRS 16 discussed below, the application of other new, revised or amended standards and interpretations effective from January 1, 2019 does not have material impact on the Company’s consolidated financial statements.

IFRS 16 “Leases”

IFRS 16 sets out the accounting standards for identifying leases and accounting treatments for lessors and lessees. It supersedes IAS 17 “Lease”, IFRIC 4 - Determining Whether an Arrangement Contains a Lease and a number of related interpretations.

The Company reassessed whether a contract is, or contains, a lease in accordance with the definition of a lease under IFRS 16. Some contracts previously identified as containing a lease under IAS 17 and IFRIC 4 do not meet the definition of a lease under IFRS 16 and are accounted for in accordance with other accounting standards because the Company does not have the right to direct the use of the identified assets. Contracts that are reassessed as leases or containing a lease are accounted for in accordance with the transitional provisions under IFRS 16.

If the Company is a lessee, it shall recognize right-of-use assets and lease liabilities for all leases on the consolidated balance sheets except for those whose payments for low-value assets are recognized as expenses on a straight-line basis. On the consolidated statements of comprehensive income, the Company presents the depreciation expense charged on the right-of-use asset separately from the interest expense accrued on lease liability using the effective interest method. On the consolidated statements of cash flows, cash payments for the principal portion of lease liability are classified within financing activities; cash payments for interest portion are classified within operating activities. Before the application of IFRS 16, payments under operating lease contracts were recognized as expenses on a straight-line basis. Prepaid lease payments for use rights of leased assets were recognized as prepaid rents. Cash flows for operating leases were classified within operating activities on the statements of cash flows.

The Company did not make any adjustments for leases in which the Company is a lessor and accounts for those leases with the application of IFRS 16 starting from January 1, 2019.

The Company applied IFRS 16 retrospectively with the cumulative effect of the initial application of IFRS 16 recognized in retained earnings on January 1, 2019. Comparative financial information is not restated.

- 7 -

Lease liabilities are recognized on January 1, 2019 for leases previously classified as operating leases under IAS 17 and measured at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate on January 1, 2019. Right-of-use assets are measured at the present value discounted using the aforementioned incremental borrowing rate as if IFRS 16 had been applied since the commencement date of leases. The Company applies IAS 36 for assessing impairment of right-of-use assets.

The lessee’s weighted average incremental borrowing rate applied to lease liabilities recognized on January 1, 2019 is 0.85%. The difference between the (1) lease liabilities recognized and (2) future aggregate minimum lease payments of non-cancellable operating lease disclosed under IAS 17 on December 31, 2018 is explained as follows:

The future aggregate minimum lease payments of non-cancellable operating lease on December 31, 2018	$	10,558
Less: Recognition exemption for leases of low-value assets		(3	)
Undiscounted amount on January 1, 2019	$	10,555
Discounted amount using the incremental borrowing rate on January 1, 2019	$	10,340
Add: Adjustments as a result of a different treatment of extension options		—
Lease liabilities recognized on January 1, 2019	$	10,340

The impact on assets, liabilities and equity as of January 1, 2019 from the initial application of IFRS 16 is set out as follows:

	Carrying Amount as of January 1, 2019		Adjustments Arising from Initial Application of IFRS 16			Adjusted Carrying Amount as of January 1, 2019
	NT$		NT$			NT$
			(In Millions)
Prepayments - current	$	1,873	$	(245	)	$	1,628
Property, plant and equipment	$	288,914		(1,309	)	$	287,605
Right-of-use assets	$	—		12,163		$	12,163
Deferred income tax assets	$	3,554		26		$	3,580
Prepayments - noncurrent	$	3,463		(414	)	$	3,049
Total effect on assets			$	10,221
Contract liabilities - current	$	10,688	$	214		$	10,902
Lease liabilities - current	$	—		3,394		$	3,394
Other payables	$	23,315		(48	)	$	23,267
Other current liabilities	$	1,382		(214	)	$	1,168
Contract liabilities - noncurrent	$	2,595		3,483		$	6,078
Deferred income tax liabilities	$	1,992		—		$	1,992
Lease liabilities - noncurrent	$	—		6,946		$	6,946
Other noncurrent liabilities	$	4,793		(3,483	)	$	1,310
Total effect on liabilities			$	10,292

(Continued)

- 8 -

	Carrying Amount as of January 1, 2019		Adjustments Arising from Initial Application of IFRS 16			Adjusted Carrying Amount as of January 1, 2019
	NT$		NT$			NT$
			(In Millions)
Unappropriated earnings	$	66,626	$	(51	)	$	66,575
Noncontrolling interests	$	9,857		(20	)	$	9,837
Total effect on equity			$	(71	)

(Concluded)

- 9 -