Exhibit 99.3

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Three Months Ended March 31, 2023 and 2022

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)

	March 31, 2023 (Unaudited)				December 31, 2022 (Audited)					March 31, 2022 (Unaudited)
	Amount		%		Amount			%		Amount			%
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	38,716		7	$	50,193			10	$	46,500			10
Financial assets at fair value through profit or loss		4		—		4			—		3			—
Hedging financial assets		1		—		13			—		8			—
Contract assets		6,124		1		6,056			1		5,540			1
Trade notes and accounts receivable, net		20,990		4		24,672			5		21,070			4
Receivables from related parties		48		—		75			—		39			—
Inventories		12,024		2		11,316			2		12,513			2
Prepayments		5,484		1		2,398			—		5,281			1
Other current monetary assets		19,981		4		3,619			1		6,759			1
Other current assets		3,842		1		3,555			1		3,352			1
Total current assets		107,214		20		101,901			20		101,065			20
NONCURRENT ASSETS
Financial assets at fair value through profit or loss		1,074		—		1,020			—		806			—
Financial assets at fair value through other
comprehensive income		4,040		1		3,491			1		3,574			1
Investments accounted for using equity method		7,035		1		6,949			1		7,263			1
Contract assets		3,345		1		3,137			1		2,756			1
Property, plant and equipment		289,265		56		291,528			56		285,931			54
Right-of-use assets		11,094		2		11,103			2		10,744			2
Investment properties		8,993		2		9,804			2		9,652			2
Intangible assets		77,557		15		79,187			15		82,328			16
Deferred income tax assets		2,154		—		2,197			—		2,761			1
Incremental costs of obtaining contracts		955		—		980			—		967			—
Net defined benefit assets		5,429		1		5,266			1		3,582			1
Prepayments		1,695		—		1,728			—		1,821			—
Other noncurrent assets		4,473		1		4,705			1		4,924			1
Total noncurrent assets		417,109		80		421,095			80		417,109			80
TOTAL	$	524,323		100	$	522,996			100	$	518,174			100
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans	$	342		—	$	722			—	$	65			—
Contract liabilities		12,898		2		13,390			3		12,701			2
Trade notes and accounts payable		9,973		2		16,429			3		11,823			2
Payables to related parties		278		—		539			—		214			—
Current tax liabilities		9,732		2		6,999			1		9,258			2
Lease liabilities		3,319		1		3,339			1		2,995			1
Other payables		21,965		4		25,080			5		21,665			4
Provisions		223		—		226			—		251			—
Other current liabilities		974		—		1,016			—		1,027			—
Total current liabilities		59,704		11		67,740			13		59,999			11
NONCURRENT LIABILITIES
Long-term loans		1,600		—		1,600			—		1,600			—
Bonds payable		30,479		7		30,477			6		30,473			7
Contract liabilities		7,665		2		7,674			2		6,901			1
Deferred income tax liabilities		2,336		—		2,301			—		2,197			—
Provisions		465		—		173			—		141			—
Lease liabilities		7,244		2		7,334			2		6,909			1
Customers’ deposits		5,012		1		5,157			1		4,916			1
Net defined benefit liabilities		2,267		—		2,285			—		2,291			1
Other noncurrent liabilities		6,759		1		6,726			1		4,993			1
Total noncurrent liabilities		63,827		13		63,727			12		60,421			12
Total liabilities		123,531		24		131,467			25		120,420			23
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks		77,574		15		77,574			15		77,574			15
Additional paid-in capital		149,853		29		149,844			29		149,823			29
Retained earnings
Legal reserve		77,574		15		77,574			15		77,574			15
Special reserve		3,084		—		3,084			1		2,676			1
Unappropriated earnings		80,448		15		71,268			13		78,739			15
Total retained earnings		161,106		30		151,926			29		158,989			31
Others		267		—		(223	)		—		(363	)		—
Total equity attributable to stockholders of the parent		388,800		74		379,121			73		386,023			75
NONCONTROLLING INTERESTS		11,992		2		12,408			2		11,731			2
Total equity		400,792		76		391,529			75		397,754			77
TOTAL	$	524,323		100	$	522,996			100	$	518,174			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 March 31
	2023					2022
	Amount			%		Amount			%
REVENUES	$	54,211			100	$	51,295			100
OPERATING COSTS		33,630			62		31,691			62
GROSS PROFIT		20,581			38		19,604			38
OPERATING EXPENSES
Marketing		5,672			11		5,445			10
General and administrative		1,657			3		1,548			3
Research and development		978			2		849			2
Expected credit loss		100			—		101			—
Total operating expenses		8,407			16		7,943			15
OTHER INCOME AND EXPENSES		—			—		(1	)		—
INCOME FROM OPERATIONS		12,174			22		11,660			23
NON-OPERATING INCOME AND EXPENSES
Interest income		118			—		24			—
Other income		45			—		44			—
Other gains and losses		(104	)		—		(109	)		—
Interest expense		(76	)		—		(56	)		—
Share of profits of associates and joint ventures accounted for using equity method		97			—		105			—
Total non-operating income and expenses		80			—		8			—
INCOME BEFORE INCOME TAX		12,254			22		11,668			23
INCOME TAX EXPENSE		2,832			5		2,775			6
NET INCOME		9,422			17		8,893			17
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		549			1		(45	)		—
Gain or loss on hedging instruments subject to basis adjustment		(12	)		—		16			—

(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 March 31
	2023					2022
	Amount			%		Amount			%
Share of other comprehensive income of associates and joint ventures	$	10			—	$	2			—
		547			1		(27	)		—
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		(47	)		—		77			—
Share of other comprehensive loss of associates and joint ventures		(1	)		—		—			—
		(48	)		—		77			—
Total other comprehensive income, net of income tax		499			1		50			—
TOTAL COMPREHENSIVE INCOME	$	9,921			18	$	8,943			17
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	9,170			17	$	8,580			17
Noncontrolling interests		252			—		313			—
	$	9,422			17	$	8,893			17
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	9,670			18	$	8,627			17
Noncontrolling interests		251			—		316			—
	$	9,921			18	$	8,943			17
EARNINGS PER SHARE
Basic	$	1.18				$	1.11
Diluted	$	1.18				$	1.10

(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						Attributable to
			Additional				Special		Unappropriated		Total Retained		the Foreign			Assets at			on 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, 2022	$	77,574	$	149,810	$	77,574	$	2,676	$	70,157	$	150,407	$	(392	)	$	(8	)	$	(8	)	$	(408	)	$	377,383	$	11,747		$	389,130
Cash dividends by subsidiaries		—		—		—		—		—		—		—			—			—			—			—		(371	)		(371	)
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		—		—		—		—		—		—			—			—			—			—		—			—
Net income for the three months ended March 31, 2022		—		—		—		—		8,580		8,580		—			—			—			—			8,580		313			8,893
Other comprehensive income (loss) for the three months ended March 31, 2022		—		—		—		—		2		2		66			(37	)		16			45			47		3			50
Total comprehensive income (loss) for the three months ended March 31, 2022		—		—		—		—		8,582		8,582		66			(37	)		16			45			8,627		316			8,943
Share-based payment transactions of subsidiaries		—		13		—		—		—		—		—			—			—			—			13		39			52
BALANCE, MARCH 31, 2022	$	77,574	$	149,823	$	77,574	$	2,676	$	78,739	$	158,989	$	(326	)	$	(45	)	$	8		$	(363	)	$	386,023	$	11,731		$	397,754
BALANCE, JANUARY 1, 2023	$	77,574	$	149,844	$	77,574	$	3,084	$	71,268	$	151,926	$	(111	)	$	(125	)	$	13		$	(223	)	$	379,121	$	12,408		$	391,529
Cash dividends by subsidiaries		—		—		—		—		—		—		—			—			—			—			—		(676	)		(676	)
Net income for the three months ended March 31, 2023		—		—		—		—		9,170		9,170		—			—			—			—			9,170		252			9,422
Other comprehensive income (loss) for the three months ended March 31, 2023		—		—		—		—		10		10		(45	)		547			(12	)		490			500		(1	)		499
Total comprehensive income (loss) for the three months ended March 31, 2023		—		—		—		—		9,180		9,180		(45	)		547			(12	)		490			9,670		251			9,921
Share-based payment transactions of subsidiaries		—		9		—		—		—		—		—			—			—			—			9		(6	)		3
Net increase in noncontrolling interests		—		—		—		—		—		—		—			—			—			—			—		15			15
BALANCE, MARCH 31, 2023	$	77,574	$	149,853	$	77,574	$	3,084	$	80,448	$	161,106	$	(156	)	$	422		$	1		$	267		$	388,800	$	11,992		$	400,792

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Three Months Ended March 31
	2023			2022
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	12,254		$	11,668
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		8,204			8,051
Amortization		1,678			1,635
Amortization of incremental costs of obtaining contracts		214			211
Expected credit loss		100			101
Interest expense		76			56
Interest income		(118	)		(24	)
Compensation cost of share-based payment transactions		3			4
Share of profits of associates and joint ventures accounted for using equity method		(97	)		(105	)
Loss on disposal of property, plant and equipment		—			1
Gain on disposal of financial instruments		—			(1	)
Loss on disposal of investments accounted for using equity method		—			1
Provision for impairment loss and obsolescence of inventory		5			40
Valuation loss on financial assets and liabilities at fair value through profit or loss, net		46			94
Others		9			89
Changes in operating assets and liabilities:
Decrease (increase) in:
Contract assets		(277	)		(134	)
Trade notes and accounts receivable		3,586			2,795
Receivables from related parties		27			2
Inventories		(713	)		(1,226	)
Prepayments		(3,053	)		(2,973	)
Other current monetary assets		(503	)		93
Other current assets		(287	)		(373	)
Incremental cost of obtaining contracts		(189	)		(191	)
Increase (decrease) in:
Contract liabilities		(501	)		528
Trade notes and accounts payable		(6,456	)		(6,236	)
Payables to related parties		(261	)		(177	)
Other payables		(2,537	)		(1,891	)
Provisions		289			(34	)
Other current liabilities		(33	)		36
Net defined benefit plans		(182	)		(188	)
Cash generated from operations		11,284			11,852
Interests paid		(58	)		(20	)
Income taxes paid		(20	)		(15	)
Net cash provided by operating activities		11,206			11,817

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Three Months Ended March 31
	2023			2022
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through other comprehensive income	$	—		$	(3	)
Acquisition of financial assets at fair value through profit or loss		(100	)		(6	)
Proceeds from disposal of financial assets at fair value through profit or loss		—			9
Proceeds from capital reduction of financial assets at fair value through profit or loss		—			44
Acquisition of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months		(16,106	)		(2,708	)
Proceeds from disposal of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months		261			879
Acquisition of investments accounted for using equity method		—			(20	)
Acquisition of property, plant and equipment		(5,418	)		(5,228	)
Proceeds from disposal of property, plant and equipment		3			2
Acquisition of intangible assets		(46	)		(17	)
Decrease (increase) in other noncurrent assets		212			(59	)
Interests received		99			23
Net cash used in investing activities		(21,095	)		(7,084	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		856			13
Repayments of short-term loans		(1,236	)		(13	)
Proceeds from issuance of bonds		—			3,500
Payments for transaction costs attributable to the issuance of bonds		—			(4	)
Decrease in customers’ deposits		(153	)		(428	)
Payments for the principal of lease liabilities		(1,091	)		(1,058	)
Increase (decrease) in other noncurrent liabilities		33			(90	)
Cash dividends distributed to noncontrolling interests		(6	)		—
Change in other noncontrolling interests		15			47
Net cash provided by (used in) financing activities		(1,582	)		1,967
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(6	)		21

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)

	Three Months Ended March 31
	2023			2022
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$	(11,477	)	$	6,721
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		50,193			39,779
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	38,716		$	46,500

(Concluded)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

Three Months Ended March 31, 2023 and 2022

(Unaudited)

STATEMENT OF COMPLIANCE

The Company has prepared its consolidated balance sheets as of March 31, 2023 and 2022, the related consolidated statements of comprehensive income, changes in equity and cash flows for the three months ended March 31, 2023 and 2022 in accordance with IAS 34 “Interim Financial Reporting” as issued by the International Accounting Standards 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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