and contingencies, including the risks factors described in this annual report. In particular, projections are forward-looking statements  that are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections were  based will not materialize or will vary significantly from actual results, and such variances will likely increase over time.  ITEM 4.  INFORMATION ON THE COMPANY  A. History and Development of the Company  P AR T I Our legal and commercial name is Chunghwa Telecom Co., Ltd. We were officially established on July 1, 1996 as part of the  Republic of China government privatization efforts. Prior to our formation, we were operating as a business unit of the Directorate  General of Telecommunications. The common shares of the Company have been listed on the Taiwan Stock Exchange under the  number “2412” since October 2000 and its ADSs have been listed on the New York Stock Exchange under the symbol “CHT” since  July 2003. In August 2005, we became a privatized company as the ownership of the Taiwan government was reduced to less than  50%. Today, we are the largest full telecommunication service provider in Taiwan. Our principal executive offices are located at 21-3  Hsinyi Road, Section 1, Taipei, Taiwan, Republic of China, and our telephone number is (886) 2-2344-5488. Our website address is  http://www.cht.com.tw. The information on our website does not form a part of this annual report.  We are the largest telecommunications service provider in Taiwan and one of the largest in Asia in terms of revenues. As an  integrated telecommunications service provider, our principal services include:  In addition to these traditional telecommunication services, we also focus on selected ICT services and advanced  development, such as cloud computing.  In 2011, our revenues under R.O.C. GAAP were NT$217.5 billion (US$7.2 billion), our consolidated net income was  NT$48.1 billion (US$1.6 billion) and our basic earnings per share was NT$6.04 (US$0.20).  For each of our key services, we enjoy leading positions across a number of areas in terms of both revenues and customers:  18 ●  we are Taiwan’s largest provider of fixed communications services; we are Taiwan’s largest mobile communications service  provider;  ●  we are Taiwan’s largest broadband access provider; and ●  we are Taiwan’s largest internet service provider.  ●  domestic fixed communications services, including local and domestic long distance telephone services, broadband access  services, local and domestic long distance leased line services, MOD services, domestic data services and domestic other  services;  ●  mobile communications services, including mobile services, sales of mobile handsets and data cards and mobile other  services;  ●  internet services, including HiNet, our Internet service provider, Internet value-added services, data communication services,  Internet data center services, and Internet other services;  ●  international fixed communications services, including international long distance telephone services, international leased line  services, international data services, satellite services and international other services; and  ●  other services, including non-telecom services. 