CHUNGHWA TELECOM CO., LTD.  FORM 20-F ANNUAL REPORT  FISCAL YEAR ENDED DECEMBER 31, 2010  Page SUPPLEMENTAL INFORMATION ................................................................................................................................................................. 1 FORWARD-LOOKING STATEMENTS IN THIS ANNUAL REPORT MAY NOT BE REALIZED ............................................................. 1 PART I................................................................................................................................................................................................................. 2 ITEM 1.  IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS................................................................ 3 ITEM 2.  OFFER STATISTICS AND EXPECTED TIMETABLE .................................................................................................. 3 ITEM 3.  KEY INFORMATION....................................................................................................................................................... 3 ITEM 4.  INFORMATION ON THE COMPANY.......................................................................................................................... 16 ITEM 4A.  UNRESOLVED STAFF COMMENTS........................................................................................................................... 65 ITEM 5.  OPERATING AND FINANCIAL REVIEW AND PROSPECTS................................................................................... 62 ITEM 6.  DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES ................................................................................... 89 ITEM 7.  MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS................................................................... 98 ITEM 8.  FINANCIAL INFORMATION........................................................................................................................................ 99 ITEM 9.  THE OFFER AND LISTING ........................................................................................................................................ 100 ITEM 10.  ADDITIONAL INFORMATION .................................................................................................................................. 103 ITEM 11.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.................................................118 ITEM 12.  DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES .............................................................. 120 PART II .......................................................................................................................................................................................................... 124 ITEM 13.  DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES......................................................................... 125 ITEM 14.  MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS ......... 125 ITEM 15.  CONTROLS AND PROCEDURES .............................................................................................................................. 125 ITEM 16A.  AUDIT COMMITTEE FINANCIAL EXPERT ............................................................................................................ 128 ITEM 16B.  CODE OF ETHICS........................................................................................................................................................ 128 ITEM 16C.  PRINCIPAL ACCOUNTANT FEES AND SERVICES ................................................................................................ 128 ITEM 16D.  EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES ............................................... 129 ITEM 16E.  PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS ......................... 129 ITEM 16F.  CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT................................................................................ 129 ITEM 16G.  CORPORATE GOVERNANCE.................................................................................................................................... 129 PART III ......................................................................................................................................................................................................... 132 ITEM  1 7.  FINANCIAL STATEMENTS ....................................................................................................................................... 133 ITEM 18.  FINANCIAL STATEMENTS........................................................................................................................................ 133 ITEM 19.  EXHIBITS ..................................................................................................................................................................... 133 TABLE OF CONTENTS 