EXHIBIT 99.5
| The board of directors approves the distributable compensation for directors and employees of 2015 |
| Date of events: 2016/03/11 |
| Contents: |
| 1. | Date of occurrence of the event: 2016/03/11 |
| 2. | Company name: Chunghwa Telecom Co., Ltd. |
| 3. | Relationship to the Company (please enter ”head office” or ”subsidiaries”): head office |
| 4. | Reciprocal shareholding ratios: N.A. |
| 5. | Name of the reporting media: N.A. |
| 6. | Content of the report: N.A. |
| 7. | Cause of occurrence: The board of directors today approves the distributable compensation for directors and employees of 2015. Directors’ compensation was NT$ 44,851,783, employees’ compensation was NT$1,927,518,562, paid in cash. |
| 8. | Countermeasures: None. |
| 9. | Any other matters that need to be specified: None. |