Chunghwa Telecom, viewing that its reserve of accumulated undistributed earnings is on the rise to attain its current paid-in capital of NT$77.574 billion in 2014-15 and then it will be no longer necessary to appropriate 10% of annual net profit to the reserve as legally required, expects to distribute all net profit as cash dividend to shareholders beginning 2014-2015, company chairman Lu Shyue-ching has said.