Chunghwa has established Chunghwa Telecom Vietnam Co., Ltd. (“CHTV“) in May 2011. CHTV engages mainly in  providing information and communications technology, international private leased circuit, and intelligent energy network  services. Chunghwa and Sochamp Technology Inc. established a joint venture, Chunghwa Sochamp Technology Inc. (“CHST”), in July  2011. CHST mainly engages in license plate recognition system. Chunghwa and United Daily News established a joint venture, Smartfun Digital Co., Ltd. (“SFD”), in August 2011. SFD  mainly engages in sales of educational software which provides digital parenting education. The following diagram presents information regarding the relationship and ownership percentages between Chunghwa and its  subsidiaries as of December 31, 2011: The following diagram presents information regarding the relationship and ownership percentages between  Chunghwa  together  with  its  subsidiaries  are  hereinafter  referred  to  collectively  as  the  “Company”. Minority  interests  in  the  aforementioned  subsidiaries  are  presented  as  a  separate  component  of  Chunghwa together with its subsidiaries are hereinafter referred to collectively as the “Company”. Minority interests in the  aforementioned subsidiaries are presented as a separate component of stockholders’ equity.  As of December 31, 2010 and 2011, the Company had 28,134 and 28,772 employees, respectively. PART III F-14 51%  Chunghwa  Sochamp  Technology  Inc.  ( “ CHST ” )  65%  Smartfun  Digital Co.,  Ltd. ( “ SFD ” )  Chunghwa Telecom Co., Ltd.  (Chunghwa)  100%  Chunghwa  Telecom  Global, Inc.  ( “ CHTG ” )  100%  New Prospect  Investments  Holdings Ltd.  ( “ New  Prospect ” )  100%  Chunghwa  Telecom  Japan Co.,  Ltd.  ( “ CHTJ ” )  100%  Donghwa  Telecom Co., Ltd.  ( “ DHT ” )  100%  Light Era  Development  Co., Ltd.  ( “ LED ” )  100%  Yao Yong Real  Property Co.,  Ltd. ( “ YYRP ” )  0.39%  100%  Chunghwa  System  Integration  Co., Ltd.  (“CHSI”) 100%  100%  100%  Concord  Technology Co.,  Ltd.  ( “ Concord ” )  Glory Network  System Service  (Shanghai) Co.,  Ltd.  (“GNSS  (Shanghai)”) 100%  100%  Chunghwa  Telecom  Vietnam  Co., Ltd.  ( “ CHTV ” )  100%  Ceylon  Innovation  Co., Ltd.  (“ CEI ”) 27.94%  Senao  International  Co., Ltd.  (“SENAO”) 100%  Chunghwa  Telecom  (China) Co.,  Ltd.  (“CTC”) Chunghwa  Hsingta  Company Ltd.  (“C HC ”) 100%  Prime Asia  Investments  Group Ltd.  ( “ Prime Asia ” ) Chunghwa  Precision Test  Tech. USA  Corporation  ( “ CHPT (US) ” )  53.19%  Chunghwa  Precision Test  Tech. Co.,  Ltd.  (“CHPT”) 100%  Chunghwa  Investment  Holding  Company  ( “ CIHC ” )  100%  CHI One  Investment  Co., Ltd.  ( “C OI ” )  69.36%  CHIEF  Telecom Inc.  (“CHIEF”) 56.04%  Spring House  Entertainment  Tech. Inc.  (“SHE”) 100%  Chief  International  Corp. ( “ CIC ” )  Unigate  Telecom Inc.  (“Unigate”) 100%  3.66%  89%  Chunghwa  Investment  Co., Ltd.  (“CHI”) Chunghwa  Telecom  Singapore  Pte., Ltd.  ( “ CHTS ” )  100%  Chunghwa  International  Yellow Pages  Co., Ltd.  (“CIYP”) 100%  100%  100%  Senao  International  HK Limited  ( “ SIHK ” )  Senao  International  (Samoa)  Holding Ltd.  ( “ SIS ” )  100%  Senao  International  Trading  (Shanghai) Co., Ltd.  (“SITS”) 100%  Senao  International  Trading  (Jiangsu) Co., Ltd.  (“SITJ”) 100%  Senao  Trading  (Fujian) Co., Ltd.  (“STF”) 100%  Senao  International  Trading  (Shanghai) Co., Ltd.  (“S E ITS”) )  Jiangsu Zhenhua  Information  Technology  Company, LLC.  (“ JZIT ”) 75% 