NEW YORK, Oct. 11 /PRNewswire-FirstCall/ -- The Bank of New York, a global leader in securities servicing, has been selected by Chunghwa Telecom Co. Ltd. as the depositary bank for its global offering of American depositary receipts (ADRs). Each Chunghwa ADR represents ten ordinary shares. The ADRs trade on the New York Stock Exchange under the symbol "CHT," and the ordinary shares trade on the Taiwan Stock Exchange. Chunghwa is a leading telecommunications service provider in Taiwan and provides a full range of telecommunication and information-related services, covering fixed-line services, wireless services, and Internet and data services. Christopher Sturdy, executive vice president and head of The Bank of New York's Depositary Receipt Division, said, "Chunghwa now ranks among the world's leading issuers of depositary receipts. Its latest transaction, which raised nearly $1 billion, brings the company's total depositary receipt capital raising to over $5 billion during the past three and one-half years -- an amount unmatched by any other U.S.-listed depositary receipt issuer during that period." The Bank of New York is depositary for more than 1,250 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 61 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Bank delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.adrbny.com/. The Bank of New York has been conducting business in the Asia-Pacific region for over 50 years. The Company has 18 offices in 12 countries in the region. The Bank of New York Company, Inc. (NYSE:BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at http://www.bankofny.com/. The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities. DATASOURCE: The Bank of New York CONTACT: Dori Flanagan, +1-212-815-2291 Web site: http://www.bankofny.com/ http://www.adrbny.com/

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