content_image/249151.jpg content_image/249149.jpg content_image/249150.jpg
that also ensure effective deployment of our assets. Our third priority is to return cash to our shareholders through our stable dividend policy, which has remained consistent throughout the years. With our sound balance sheet and zero debt, we are quite confident that we have the necessary financial flexibility to meet all of our growth investment needs while also returning the capital to our shareholders. 

With our experience, leading market position and continued investment in technology, Chunghwa Telecom is well-positioned to further solidify its position as a trusted information and communications service provider. I am extremely proud of our entire team for each accomplishment and achievement made during the year; it was truly a team effort. Continuing our firm commitment to sharing our successes with our shareholders, we will continue our stable dividend policy. I want to thank our shareholders, customers, partners and vendors for their continued support, and am looking forward to reporting our future successes. 

Sincerely, 

<img src='content_image/249151.jpg'>

<img src='content_image/249149.jpg'>

<img src='content_image/249150.jpg'>

