Exhibit 99.3

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Six Months Ended June 30, 2020 and 2019

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	June 30, 2020 (Unaudited)				December 31, 2019 (Audited)				June 30, 2019 (Unaudited)
	Amount		%		Amount		%		Amount		%
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	19,150		4	$	34,050		7	$	36,551		7
Financial assets at fair value through profit or loss		8		—		1		—		3		—
Hedging financial assets		2		—		—		—		2		—
Contract assets		4,519		1		4,441		1		4,667		1
Trade notes and accounts receivable, net		26,711		5		26,408		6		27,704		6
Receivables from related parties		25		—		17		—		22		—
Inventories		18,140		4		17,344		4		15,257		3
Prepayments		4,877		1		1,883		—		4,938		1
Other current monetary assets		6,665		1		7,498		2		18,684		4
Other current assets		2,088		—		2,430		—		2,634		1
Total current assets		82,185		16		94,072		20		110,462		23
NONCURRENT ASSETS
Financial assets at fair value through profit or loss		709		—		778		—		508		—
Financial assets at fair value through other comprehensive income		6,900		2		7,154		1		6,649		1
Investments accounted for using equity method		7,042		1		7,139		1		2,829		1
Contract assets		2,456		—		2,601		1		2,406		—
Property, plant and equipment		279,608		55		283,694		60		283,594		58
Right-of-use assets		11,332		3		11,364		2		11,530		2
Investment properties		8,214		2		8,169		2		8,272		2
Intangible assets		93,390		19		47,047		10		48,934		10
Deferred income tax assets		3,260		1		3,259		1		3,546		1
Incremental costs of obtaining contracts		956		—		943		—		1,010		—
Net defined benefit assets		2,253		—		2,128		—		966		—
Prepayments		2,496		—		2,679		1		2,844		1
Other noncurrent assets		4,996		1		6,101		1		5,709		1
Total noncurrent assets		423,612		84		383,056		80		378,797		77
TOTAL	$	505,797		100	$	477,128		100	$	489,259		100

	June 30, 2020 (Unaudited)				December 31, 2019 (Audited)				June 30, 2019 (Unaudited)
	Amount		%		Amount		%		Amount		%
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans	$	60		—	$	90		—	$	95		—
Short-term bills payable		15,990		3		—		—		—		—
Financial liabilities at fair value through profit or loss		—		—		—		—		1		—
Contract liabilities		18,191		4		16,840		3		14,724		3
Trade notes and accounts payable		12,478		3		15,312		3		15,321		3
Payables to related parties		377		—		654		—		399		—
Current tax liabilities		5,380		1		5,812		1		5,232		1
Lease liabilities		3,235		1		3,291		1		3,393		1
Dividends payable		32,783		6		—		—		34,746		7
Other payables		20,643		4		22,953		5		20,990		5
Provisions		200		—		207		—		145		—
Other current liabilities		956		—		984		—		998		—
Total current liabilities		110,293		22		66,143		13		96,044		20
NONCURRENT LIABILITIES
Contract liabilities		6,766		2		6,841		2		6,370		2
Long-term loans		1,600		—		1,600		—		1,600		—
Deferred income taxes liabilities		1,947		—		1,912		—		1,955		—
Provisions		101		—		97		—		83		—
Lease liabilities		6,381		1		6,467		2		6,341		1
Customers’ deposits		4,634		1		4,748		1		4,647		1
Net defined benefit liabilities		3,566		1		3,505		1		3,613		1
Other noncurrent liabilities		1,833		—		1,543		—		1,447		—
Total noncurrent liabilities		26,828		5		26,713		6		26,056		5
Total liabilities		137,121		27		92,856		19		122,100		25
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks		77,574		15		77,574		16		77,574		16
Additional paid-in capital		149,786		30		149,762		31		149,761		30
Retained earnings
Legal reserve		77,574		15		77,574		16		77,574		16
Special reserve		2,676		1		2,676		1		2,676		1
Unappropriated earnings		50,932		10		65,984		14		49,802		10
Total retained earnings		131,182		26		146,234		31		130,052		27
Others		188		—		587		—		226		—
Total equity attributable to stockholders of the parent		358,730		71		374,157		78		357,613		73
NONCONTROLLING INTERESTS		9,946		2		10,115		3		9,546		2
Total equity		368,676		73		384,272		81		367,159		75
TOTAL	$	505,797		100	$	477,128		100	$	489,259		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 June 30										Six Months Ended June 30
	2020					2019					2020					2019
	Amount			%		Amount			%		Amount			%		Amount			%
REVENUES	$	47,808			100	$	50,108			100	$	95,958			100	$	101,439			100
OPERATING COSTS		29,801			63		32,267			64		60,192			63		65,748			65
GROSS PROFIT		18,007			37		17,841			36		35,766			37		35,691			35
OPERATING EXPENSES
Marketing		5,177			11		5,483			11		10,250			11		10,891			11
General and administrative		1,149			2		1,141			2		2,362			2		2,312			2
Research and development		961			2		954			2		1,897			2		1,875			1
Expected credit loss (reversal of credit loss)		98			—		(46	)		—		104			—		(102	)		—
Total operating expenses		7,385			15		7,532			15		14,613			15		14,976			14
OTHER INCOME AND EXPENSES		(11	)		—		(5	)		—		(12	)		—		(9	)		—
INCOME FROM OPERATIONS		10,611			22		10,304			21		21,141			22		20,706			21
NON-OPERATING INCOME AND EXPENSES
Interest income		33			—		77			—		72			—		130			—
Other income		287			1		279			1		330			—		335			—
Other gains and losses		(68	)		—		116			—		(29	)		—		97			—
Interest expenses		(48	)		—		(26	)		—		(90	)		—		(52	)		—
Share of profits of associates accounted for using equity method		139			—		148			—		174			—		225			—
Total non-operating income and expenses		343			1		594			1		457			—		735			—
INCOME BEFORE INCOME TAX		10,954			23		10,898			22		21,598			22		21,441			21
INCOME TAX EXPENSE		758			2		628			2		3,302			3		3,080			3
NET INCOME		10,196			21		10,270			20		18,296			19		18,361			18
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		956			2		(124	)		—		(330	)		—		(283	)		—
Gain or loss on hedging instruments subject to basis adjustment		2			—		5			—		2			—		1			—
Share of remeasurements of defined benefit pension plans of associates		—			—		—			—		—			—		—			—
		958			2		(119	)		—		(328	)		—		(282	)		—
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		(68	)		—		39			—		(80	)		—		63			—
Share of exchange differences arising from the translation of the foreign operations of associates		(1	)		—		—			—		(1	)		—		—			—
		(69	)		—		39			—		(81	)		—		63			—
Total other comprehensive income (loss), net of income tax		889			2		(80	)		—		(409	)		—		(219	)		—
TOTAL COMPREHENSIVE INCOME	$	11,085			23	$	10,190			20	$	17,887			19	$	18,142			18

(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 June 30								Six Months Ended June 30
	2020				2019				2020				2019
	Amount		%		Amount		%		Amount		%		Amount		%
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	9,881		20	$	10,044		20	$	17,731		18	$	17,973		18
Noncontrolling interests		315		1		226		—		565		1		388		—
	$	10,196		21	$	10,270		20	$	18,296		19	$	18,361		18
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	10,778		22	$	9,961		20	$	17,332		18	$	17,739		18
Noncontrolling interests		307		1		229		—		555		1		403		—
	$	11,085		23	$	10,190		20	$	17,887		19	$	18,142		18
EARNINGS PER SHARE
Basic	$	1.28			$	1.29			$	2.29			$	2.32
Diluted	$	1.27			$	1.29			$	2.28			$	2.31

(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 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, 2019	$	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
BALANCE, JANUARY 1, 2020	$	77,574	$	149,762		$	77,574	$	2,676	$	65,984		$	146,234		$	(148	)	$	735		$	—	$	587		$	374,157		$	10,115		$	384,272
Appropriation of 2019 earnings
Cash dividends distributed by Chunghwa		—		—			—		—		(32,783	)		(32,783	)		—			—			—		—			(32,783	)		—			(32,783	)
Cash dividends distributed by subsidiaries		—		—			—		—		—			—			—			—			—		—			—			(775	)		(775	)
Change in additional paid-in capital for not proportionately participating in the capital increase of subsidiaries		—		—			—		—		—			—			—			—			—		—			—			—			—
Net income for the six months ended June 30, 2020		—		—			—		—		17,731			17,731			—			—			—		—			17,731			565			18,296
Other comprehensive income (loss) for the six months ended June 30, 2020		—		—			—		—		—			—			(73	)		(328	)		2		(399	)		(399	)		(10	)		(409	)
Total comprehensive income (loss) for the six months ended June 30, 2020		—		—			—		—		17,731			17,731			(73	)		(328	)		2		(399	)		17,332			555			17,887
Share-based payment transactions of subsidiaries		—		24			—		—		—			—			—			—			—		—			24			51			75
BALANCE, JUNE 30, 2020	$	77,574	$	149,786		$	77,574	$	2,676	$	50,932		$	131,182		$	(221	)	$	407		$	2	$	188		$	358,730		$	9,946		$	368,676

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	21,598		$	21,441
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		15,449			15,432
Amortization		2,124			2,129
Amortization of incremental costs of obtaining contracts		390			691
Expected credit loss (reversal of credit loss)		104			(102	)
Interest expenses		90			52
Interest income		(72	)		(130	)
Dividend income		(236	)		(241	)
Compensation cost of share-based payment transactions		3			1
Share of profits of associates accounted for using equity method		(174	)		(225	)
Loss on disposal of property, plant and equipment		12			9
Loss on disposal of intangible assets		—			—
Loss on disposal of financial instruments		2			—
Loss (gain) on disposal of investments accounted for using equity method		6			(151	)
Provision for inventory and obsolescence		196			241
Valuation loss on financial assets and liabilities at fair value through profit or loss, net		68			6
Others		(54	)		8
Changes in operating assets and liabilities:
Decrease (increase) in:
Contract assets		67			140
Trade notes and accounts receivable		(344	)		2,464
Receivables from related parties		(8	)		2
Inventories		(991	)		(377	)
Prepayments		(2,793	)		(3,104	)
Other current monetary assets		117			(1,033	)
Other current assets		342			(58	)
Incremental cost of obtaining contracts		(403	)		(366	)
Increase (decrease) in:
Contract liabilities		1,276			4,114
Trade notes and accounts payable		(2,833	)		(5,144	)
Payables to related parties		(277	)		(519	)
Other payables		(3,302	)		(2,127	)
Provisions		(3	)		22
Other current liabilities		(18	)		(154	)
Net defined benefit plans		(64	)		277
Cash generated from operations		30,272			33,298

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2020			2019
Interest paid	$	(100	)	$	(51	)
Income tax paid		(3,701	)		(4,073	)
Net cash provided by operating activities		26,471			29,174
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of financial assets at fair value through other comprehensive income		(77	)		—
Purchase of financial assets at fair value through profit or loss		(39	)		—
Proceeds from disposal of financial assets at fair value through profit or loss		30			—
Acquisition of time deposits and negotiable certificates of deposit with maturities of more than three months		(2,693	)		(12,308	)
Proceeds from disposal of time deposits and negotiable certificates of deposit with maturities of more than three months		3,801			4,654
Proceeds from disposal of agreements collateralized by bonds with maturities of more than three months		15			—
Proceeds from disposal of investments accounted for using equity method		—			32
Acquisition of property, plant and equipment		(9,244	)		(10,315	)
Proceeds from disposal of property, plant and equipment		25			24
Acquisition of intangible assets		(47,467	)		(119	)
Acquisition of investment properties		(54	)		—
Decrease (increase) in other noncurrent assets		42			(504	)
Interest received		78			125
Dividends received		38			18
Net cash used in investing activities		(55,545	)		(18,393	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		70			305
Repayment of short-term loans		(100	)		(310	)
Proceeds from short-term bills payable		29,000			—
Repayment of short-term bills payable		(13,000	)		—
Decrease in customers’ deposits		(124	)		(85	)
Payments for the principal of lease liabilities		(2,006	)		(1,962	)
Increase in other noncurrent liabilities		289			137
Dividends distributed to noncontrolling interests		(7	)		—
Change in other noncontrolling interests		72			14
Net cash provided by (used in) financing activities		14,194			(1,901	)

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Six Months Ended June 30
	2020			2019
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	$	(20	)	$	26
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		(14,900	)		8,906
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		34,050			27,645
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	19,150		$	36,551

(Concluded)

- 7 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED JUNE 30, 2020 and 2019

(Unaudited)

STATEMENT OF COMPLIANCE

The Company has prepared its consolidated balance sheets as of June 30, 2020 and 2019, the related consolidated statements of comprehensive income for the three months ended June 30, 2020 and 2019, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the six months ended June 30, 2020 and 2019 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.

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