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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 

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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 stock holders’ equity. 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. 

