Chunghwa Telecom Declares Final Dividend of NTD4.5 per Share; Three Directors Elected as Independent TAIPEI, Taiwan, June 25 /PRNewswire-FirstCall/ -- Chunghwa Telecom Co., Ltd (TAIEX: 2412, NYSE: CHT) ("the Company") today at its Annual General Meeting declared a final dividend of NTD4.5 per share, equivalent of NTD45 per American Depositary Share, and elected four new directors, and a new supervisor. Eleven existing directors and three supervisors were re-elected. The four new directors are Jeng-Tsuen Liaw, Yen-Pin Wang, Chien-Cheng Lin and Joyce H.Y. Jen. The new supervisor is Yu-Hsien Lin. Adhering to good corporate governance practices, and in compliance with the regulatory requirements of the Company's listing on the New York Stock Exchange, the board is proud to announce that two of its present directors and one new director are independent directors. The board's independent directors are Jing-Twen Chen, PhD, professor at the Department of Finance of the National Central University, Zse-hong Tsai, PhD, Professor of Electrical Engineering at the National Taiwan University, and (newly elected) Joyce H.Y. Jen, founder and senior partner of Serenity Law Office, a leading Taiwan based law firm. Mr. Tan Ho Chen, Chairman of Chunghwa Telecom, commenting on his re- election, said that the Company, working as a team, is committed to delivering the best possible telecom services, and to creating and enhancing shareholder value. Chunghwa's final dividend will be paid by the end of July (exact date to be announced on a later date). The Company's record date is July 19, 2004. For inquiries, please contact: Fu-fu Shen Investor Relations +886 2 2344 5488 DATASOURCE: Chunghwa Telecom Co., Ltd CONTACT: Fu-fu Shen, Investor Relations of Chunghwa Telecom Co., Ltd, +886-2-2344-5488,

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