PART I E. Share Ownership  Employee Stock Subscription Program  ITEM 7.  MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS  A. Major Stockholders  98 (1) Includes shares held through the Ministry of Transportation and Communications and other government- controlled entities  *  Stockholder beneficially owns less than 1.0% of our outstanding common shares.  Under the Statute of Chunghwa Telecom Co., Ltd. and our articles of incorporation, whenever we issue new  shares for cash, we must reserve up to 10% of the new shares for subscription by our employees.  As of March 31, 2011, our directors, supervisors and executive officers personally held an aggregate  677,196 shares of our common shares, representing around 0.01% of our outstanding common shares. The  following table sets forth information with respect to the beneficial ownership of our common shares as of  March 31, 2011 by each of our directors, supervisors and executive officers.  Our consolidated subsidiary, Senao, is publicly traded on the Taiwan Stock Exchange and maintains a stock  incentive plan that grants to its employees options to purchase common stock of Senao. As of December 31,  2009 and 2010, participants in Senao’s stock incentive plan had outstanding stock options to purchase 9.3 million  and 5.1 million common shares of Senao, respectively.  The following table sets forth information known to us with respect to the beneficial ownership of our  shares (i) as of April 1, 2011, the most recent practicable date and (ii) as of certain record dates in each of the  preceding three years, for the stockholders known by us to own at least 5.0% of our outstanding common shares.  Beneficial ownership is determined in accordance with Securities and Exchange Commission’s rules.  Name As of April 1, 2008  As of April 1, 2009 As of April 1, 2010 As of April 1, 2011 number %  number % number % number % The Republic of China  government (1) 3467,653,626 36.28 3,544,036,853 36.55 3,685,804,514 38.01 2,957,318,085 38.12 The Ministry of  Transportation and  Communications 3,407,782,982 35.65 3,422,148,723 35.29 3,422,148,720 35.29  2,737,718,976 35.29 Name Number %  Shyue-Ching Lu *  *  Shaio-Tung Chang Shu Yeh *  *  Jen-Hon Lin Chi-Mau Sheih *  *  Yen-Sung Lee Tzu-Han Huang *  *  Min-Hsuan Lin Mu-Piao Shih *  *  Shyang-Yih Chen Hsiu-Gu Huang *  *  Tai-Feng Leng