Exhibit 99.3

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Nine Months Ended September 30, 2019 and 2018

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	September 30, 2019 (Unaudited)				December 31, 2018 (Audited)				September 30, 2018 (Unaudited)
	Amount		%		Amount		%		Amount		%
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	24,072		5	$	27,645		6	$	20,325		4
Financial assets at fair value through profit or loss		25		—		—		—		196		—
Hedging financial assets		—		—		1		—		—		—
Contract assets		4,517		1		4,869		1		5,079		1
Trade notes and accounts receivable, net		29,760		6		30,076		7		29,222		6
Receivables from related parties		19		—		24		—		31		—
Inventories		17,888		4		15,121		3		14,012		3
Prepayments		4,565		1		1,873		—		5,069		1
Other current monetary assets		7,997		2		9,504		2		6,359		2
Other current assets		2,497		1		2,576		1		3,056		1
Total current assets		91,340		20		91,689		20		83,349		18
NONCURRENT ASSETS
Financial assets at fair value through profit or loss		513		—		517		—		—		—
Financial assets at fair value through other comprehensive income		6,457		1		6,933		1		6,999		2
Investments accounted for using equity method		3,020		1		2,732		1		2,451		1
Contract assets		2,538		1		2,344		—		2,314		—
Property, plant and equipment		282,108		60		288,914		62		286,886		63
Right-of-use assets		11,351		2		—		—		—		—
Investment properties		8,267		2		8,287		2		8,038		2
Intangible assets		47,920		10		50,944		11		51,753		11
Deferred income tax assets		3,523		1		3,554		1		3,284		1
Incremental costs of obtaining contracts		961		—		1,335		—		1,588		—
Net defined benefit assets		843		—		1,164		—		1,069		—
Prepayments		2,762		1		3,463		1		3,287		1
Other noncurrent assets		5,889		1		5,180		1		5,234		1
Total noncurrent assets		376,152		80		375,367		80		372,903		82
TOTAL	$	467,492		100	$	467,056		100	$	456,252		100

	September 30, 2019 (Unaudited)				December 31, 2018 (Audited)				September 30, 2018 (Unaudited)
	Amount		%		Amount		%		Amount			%
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans	$	90		—	$	100		—	$	120			—
Financial liabilities at fair value through profit or loss		2		—		1		—		1			—
Contract liabilities		16,417		4		10,688		2		10,393			2
Trade notes and accounts payable		16,932		4		20,465		5		20,546			5
Payables to related parties		379		—		918		—		544			—
Current tax liabilities		7,553		2		6,221		1		8,048			2
Lease liabilities		3,248		1		—		—		—			—
Other payables		20,092		4		23,315		5		20,888			5
Provisions		249		—		128		—		105			—
Other current liabilities		1,000		—		1,382		—		1,322			—
Total current liabilities		65,962		15		63,218		13		61,967			14
NONCURRENT LIABILITIES
Contract liabilities		6,803		2		2,595		1		2,560			1
Long-term loans		1,600		—		1,600		—		1,600			—
Deferred income taxes liabilities		1,941		—		1,992		—		2,011			—
Provisions		85		—		79		—		75			—
Lease liabilities		6,339		1		—		—		—			—
Customers’ deposits		4,646		1		4,716		1		4,664			1
Net defined benefit liabilities		3,663		1		3,534		1		2,086			—
Other noncurrent liabilities		1,496		—		4,793		1		4,539			1
Total noncurrent liabilities		26,573		5		19,309		4		17,535			3
Total liabilities		92,535		20		82,527		17		79,502			17
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks		77,574		17		77,574		17		77,574			17
Additional paid-in capital		149,763		32		149,762		32		149,762			33
Retained earnings
Legal reserve		77,574		17		77,574		17		77,574			17
Special reserve		2,676		—		2,676		1		2,676			1
Unappropriated earnings		57,471		12		66,626		14		59,574			13
Total retained earnings		137,721		29		146,876		32		139,824			31
Other adjustments		22		—		460		—		(56	)		—
Total equity attributable to stockholders of the parent		365,080		78		374,672		81		367,104			81
NONCONTROLLING INTERESTS		9,877		2		9,857		2		9,646			2
Total equity		374,957		80		384,529		83		376,750			83
TOTAL	$	467,492		100	$	467,056		100	$	456,252			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 September 30										Nine Months Ended September 30
	2019					2018					2019					2018
	Amount			%		Amount			%		Amount			%		Amount			%
REVENUES	$	50,848			100	$	52,705			100	$	152,287			100	$	159,996			100
OPERATING COSTS		33,019			65		34,432			65		98,767			65		102,075			64
GROSS PROFIT		17,829			35		18,273			35		53,520			35		57,921			36
OPERATING EXPENSES
Marketing		5,579			11		5,653			11		16,470			11		17,261			10
General and administrative		1,123			2		1,089			2		3,435			2		3,448			2
Research and development		1,089			2		951			2		2,964			2		2,786			2
Expected credit loss (reversal of credit loss)		10			—		156			—		(92	)		—		924			1
Total operating expenses		7,801			15		7,849			15		22,777			15		24,419			15
OTHER INCOME AND EXPENSES		(19	)		—		(8	)		—		(28	)		—		(89	)		—
INCOME FROM OPERATIONS		10,009			20		10,416			20		30,715			20		33,413			21
NON-OPERATING INCOME AND EXPENSES
Interest income		67			—		46			—		197			—		144			—
Other income		144			—		269			1		479			—		626			—
Other gains and losses		47			—		(3	)		—		144			—		(24	)		—
Interest expenses		(26	)		—		(4	)		—		(78	)		—		(13	)		—
Share of profits of associates accounted for using equity method		189			—		134			—		414			—		341			—
Total non-operating income and expenses		421			—		442			1		1,156			—		1,074			—
INCOME BEFORE INCOME TAX		10,430			20		10,858			21		31,871			20		34,487			21
INCOME TAX EXPENSE		2,423			4		2,580			5		5,503			3		4,173			2
NET INCOME		8,007			16		8,278			16		26,368			17		30,314			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		(192	)		—		(137	)		—		(475	)		—		(824	)		—
Gain or loss on hedging instruments subject to basis adjustment		(2	)		—		—			—		(1	)		—		1			—
Income tax benefit relating to items that will not be reclassified to profit or loss		—			—		—			—		—			—		207			—
		(194	)		—		(137	)		—		(476	)		—		(616	)		—
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		(17	)		—		(16	)		—		46			—		51			—

(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 September 30										Nine Months Ended September 30
	2019					2018					2019					2018
	Amount			%		Amount			%		Amount			%		Amount			%
Share of exchange differences arising from the translation of the foreign operations of associates	$	—			—	$	2			—	$	—			—	$	4			—
		(17	)		—		(14	)		—		46			—		55			—
Total other comprehensive loss, net of income tax		(211	)		—		(151	)		—		(430	)		—		(561	)		—
TOTAL COMPREHENSIVE INCOME	$	7,796			16	$	8,127			16	$	25,938			17	$	29,753			19
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	7,669			16	$	8,071			15	$	25,642			17	$	29,542			19
Noncontrolling interests		338			—		207			1		726			—		772			—
	$	8,007			16	$	8,278			16	$	26,368			17	$	30,314			19
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	7,465			16	$	7,935			15	$	25,204			17	$	28,984			19
Noncontrolling interests		331			—		192			1		734			—		769			—
	$	7,796			16	$	8,127			16	$	25,938			17	$	29,753			19
EARNINGS PER SHARE
Basic	$	0.99				$	1.04				$	3.31				$	3.81
Diluted	$	0.99				$	1.04				$	3.30				$	3.80

(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
																	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			Total Other			Stockholders			Noncontrolling
	Common Stocks		Paid-in Capital			Legal Reserve		Reserve			Earnings			Earnings			Operations			FVOCI			Instruments			Adjustments			of the Parent			Interests			Total Equity
BALANCE, JANUARY 1, 2018	$	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	)
Unclaimed dividend		—		2			—		—			—			—			—			—			—			—			2			—			2
Partial disposal of interests in subsidiaries		—		826			—		—			—			—			—			—			—			—			826			349			1,175
Change in additional paid-in capital for not participating in the capital increase of subsidiaries		—		777			—		—			—			—			—			—			—			—			777			700			1,477
Net income for the nine months ended September 30, 2018		—		—			—		—			29,542			29,542			—			—			—			—			29,542			772			30,314
Other comprehensive income (loss) for the nine months ended September 30, 2018		—		—			—		—			206			206			61			(826	)		1			(764	)		(558	)		(3	)		(561	)
Total comprehensive income (loss) for the nine months ended September 30, 2018		—		—			—		—			29,748			29,748			61			(826	)		1			(764	)		28,984			769			29,753
Share-based payment transactions of subsidiaries		—		12			—		—			—			—			—			—			—			—			12			38			50
Net increase in noncontrolling interests		—		54			—		—			—			—			—			—			—			—			54			278			332
BALANCE, SEPTEMBER 30, 2018	$	77,574	$	149,762		$	77,574	$	2,676		$	59,574		$	139,824		$	(113	)	$	57		$	—		$	(56	)	$	367,104		$	9,646		$	376,750
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 ADJUSTED		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	)
Unclaimed dividend		—		2			—		—			—			—			—			—			—			—			2			—			2
Net income for the nine months ended September 30, 2019		—		—			—		—			25,642			25,642			—			—			—			—			25,642			726			26,368
Other comprehensive income (loss) for the nine months ended September 30, 2019		—		—			—		—			—			—			27			(464	)		(1	)		(438	)		(438	)		8			(430	)
Total comprehensive income (loss) for the nine months ended September 30, 2019		—		—			—		—			25,642			25,642			27			(464	)		(1	)		(438	)		25,204			734			25,938
Share-based payment transactions of subsidiaries		—		(1	)		—		—			—			—			—			—			—			—			(1	)		17			16
Net decrease in noncontrolling interests		—		—			—		—			—			—			—			—			—			—			—			(1	)		(1	)
BALANCE, SEPTEMBER 30, 2019	$	77,574	$	149,763		$	77,574	$	2,676		$	57,471		$	137,721		$	(52	)	$	74		$	—		$	22		$	365,080		$	9,877		$	374,957

- 4 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Nine Months Ended September 30
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	31,871		$	34,487
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		23,170			20,614
Amortization		3,191			3,282
Amortization of incremental costs of obtaining contracts		953			1,519
Expected credit loss (reversal of credit loss)		(92	)		924
Interest expenses		78			13
Interest income		(197	)		(144	)
Dividend income		(296	)		(396	)
Compensation cost of share-based payment transactions		1			17
Share of profits of associates accounted for using equity method		(414	)		(341	)
Loss on disposal of property, plant and equipment		28			38
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		156			123
Impairment loss on intangible assets		—			51
Valuation loss (gain) on financial assets and liabilities at fair value through profit or loss, net		3			(5	)
Others		(26	)		(3	)
Changes in operating assets and liabilities:
Decrease (increase) in:
Financial assets mandatorily measured at fair value through profit or loss		—			(133	)
Contract assets		160			2,570
Trade notes and accounts receivable		594			1,945
Receivables from related parties		5			18
Inventories		(2,923	)		(5,428	)
Prepayments		(2,648	)		(2,602	)
Other current monetary assets		(915	)		(238	)
Other current assets		79			(741	)
Incremental cost of obtaining contracts		(579	)		(633	)
Increase (decrease) in:
Contract liabilities		6,240			2,322
Trade notes and accounts payable		(3,532	)		1,150
Payables to related parties		(539	)		(140	)
Other payables		(1,557	)		(3,541	)
Provisions		127			—

(Continued)

- 5 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Nine Months Ended September 30
	2019			2018
Other operating liabilities	$	(147	)	$	(38	)
Net defined benefit plans		450			(1,674	)
Cash generated from operations		53,090			53,010
Interest paid		(78	)		(13	)
Income tax paid		(4,166	)		(6,790	)
Net cash provided by operating activities		48,846			46,207
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of financial assets at fair value through other comprehensive income		—			(290	)
Proceeds from capital reduction of financial assets at fair value through other comprehensive income		—			4
Purchase of financial assets at fair value through profit or loss		(87	)		—
Proceeds from disposal of financial assets at fair value through profit or loss		64			—
Acquisition of time deposits and negotiable certificates of deposit with maturities of more than three months		(13,482	)		(6,020	)
Proceeds from disposal of time deposits and negotiable certificates of deposit with maturities of more than three months		15,881			5,262
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		(16,357	)		(19,347	)
Proceeds from disposal of property, plant and equipment		37			33
Acquisition of intangible assets		(168	)		(203	)
Acquisition of investment properties		—			(6	)
Decrease (increase) in other noncurrent assets		(882	)		1
Interest received		208			148
Cash dividends received		534			600
Net cash used in investing activities		(14,220	)		(19,796	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		315			260
Repayment of short-term loans		(325	)		(210	)
Decrease in customers’ deposits		(92	)		(8	)
Payments for the principal of lease liabilities		(2,896	)		—
Increase in other noncurrent liabilities		186			217
Cash dividends		(34,746	)		(37,205	)
Partial disposal of interests in subsidiaries without losing control		—			1,174

(Continued)

- 6 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Nine Months Ended September 30
	2019			2018
Cash dividends distributed to noncontrolling interests	$	(710	)	$	(958	)
Change in other noncontrolling interests		14			1,842
Unclaimed dividend		2			2
Net cash used in financing activities		(38,252	)		(34,886	)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		53			(25	)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(3,573	)		(8,500	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		27,645			28,825
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	24,072		$	20,325

(Concluded)

- 7 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED SEPTEMBER 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 September 30, 2019 and 2018, the related consolidated statements of comprehensive income for the three months ended September 30, 2019 and 2018, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the nine months ended September 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.

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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)

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	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)

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