Statement by Jingye Steel Co.,Ltd.
——關于英國鋼鐵公司相關事宜的立場重申
Reaffirmation of Position on Matters Concerning
British Steel
2026年6月11日，敬業鋼鐵有限公司（以下簡稱“敬業”）就旗下英國鋼鐵有限公司（以下簡稱“英鋼”）相關事宜發表鄭重聲明，向國際社會陳述事實真相。遺憾的是，英國政府迄今未就此事對敬業做出任何正面回應。我司謹就此重申如下嚴正立場：
On 11 June 2026, Jingye Steel Co., Ltd. (hereinafter referred to as "Jingye") issued a formal statement regarding matters concerning its subsidiary, British Steel Ltd. (hereinafter referred to as "British Steel"), in order to present the facts to the international community. Regrettably, the UK Government has yet to provide any substantive response to Jingye on this matter. Jingye hereby reiterates the following firm position:
一、補償是法定基本權利
Ｉ. Compensation is a Fundamental Statutory Right
6月12日，據英國廣播公司（BBC）報道，英國商業和貿易部就英鋼問題表態稱：“賠償金額將獨立確定，若有，才需支付。”（any payout would be determined independently and only paid “if any, is payable”）
On 12 June, according to a report by the British Broadcasting Corporation (BBC), the UK Department for Business and Trade stated regarding the British Steel issue that "any payout would be determined independently and only paid 'if any, is payable'."
英國政府通過《鋼鐵行業（特別措施）法案》已實質性接管我司對英鋼的運營權與重大決策權，構成事實上的征收行為。敬業獲得全面補償，是法律明確賦予投資者的基本權利，絕非所謂“若有，才需支付”的或有事項。
The UK Government, through the Steel Industry (Special Measures) Act, has effectively deprived Jingye of control over British Steel’s operations and major decisions, constituting a de facto expropriation. Jingye’s entitlement to full compensation is a fundamental right explicitly granted to investors by law, and is by no means subject to any 'if any' precondition.
依據相關雙邊投資協定及英國國內法關于征收補償的基本原則，因政府行為導致投資者權益受損，必須給予“及時、充分、有效”的補償。在此問題上，不存在“若有”的討論空間。
In accordance with relevant bilateral investment treaties and the fundamental principles of expropriation compensation under UK domestic law, any impairment of investors' rights and interests caused by government actions must be met with "prompt, adequate, and effective" compensation. On this matter, there is absolutely no room for any “if any” qualification.
二、敬業重申堅定立場
Ⅱ. Jingye Reiterates Its Firm Position
1、要求英國政府基于如下兩個不容否認的客觀事實，及時、充分、有效賠償敬業對英鋼的全部投資。
Jingye demands that the UK Government, based on the following two indisputable facts, promptly, adequately, and effectively compensate Jingye for its entire investment in British Steel.
一是英鋼自身所蘊含的巨大企業價值。英國政府先以緊急立法強行接管運營決策權，后又試圖以國有化法案徹底剝奪所有權，從強行接管到全面征收，層層加碼的極端做法，充分印證了英鋼的價值所在。英國政府必須予以正視。
First, British Steel has substantial inherent corporate value. The UK Government initially seized operational decision-making rights through emergency legislation, and has subsequently sought to completely strip Jingye of its ownership through a nationalisation bill. These extreme, escalating measures—from forced takeover to full expropriation—fully underscore the profound value of British Steel. The UK Government must acknowledge this undeniable reality.
二是敬業過去五年在持續運營、設備改造、保障就業、綠色轉型等方面對英鋼進行了大量真金白銀的投入，所有資金支付有據可查、不容抹殺。敬業必將悉數追償，分毫不讓。
Second, over the past five years, Jingye has made substantial financial investments in continuous operations, equipment upgrades, safeguarding jobs, and green transition. All such payments are fully documented and irrefutable. We are resolved to pursue full recovery of these investments, without compromise.
2、敬業同時保留根據國際法和國內法，對相關責任方依法提起進一步法律程序的權利，用盡全部合法途徑，持續堅定地維護自身所有正當權益。
Jingye simultaneously reserves the right to initiate further legal proceedings against the relevant responsible parties in accordance with international and domestic law, exhausting all lawful avenues to continuously and firmly safeguard all its legitimate rights and interests.
敬業愿在公平、守法的基礎上，同英方繼續尋求共贏方案。我們堅信，尊重契約、維護公平，是吸引國際投資、重振本土工業的基石。此事不僅關乎敬業的合法權益，更關乎國際社會對英國商業環境的信心，以及全球產業鏈對跨境投資穩定性的基本預期。
We remain willing to continue seeking a mutually beneficial solution with the UK side on the basis of fairness and the rule of law. We firmly believe that honouring the sanctity of contracts and upholding fairness are the cornerstones for attracting international investment and revitalising domestic industry. This matter concerns not only Jingye's legitimate rights and interests, but also the international community's confidence in the UK's business environment, as well as the fundamental expectations of global industrial supply chains regarding the stability of cross-border investment.
特此聲明！
This statement is hereby issued.
敬業鋼鐵有限公司
Jingye Steel Co.,Ltd.
2026年7月13日
13 July 2026
（注：如本英文譯文與中文原件之間存在任何歧義或不一致之處，均以中文版本為準。）
(Note: In the event of any discrepancy or inconsistency between the Chinese original and this English translation, the Chinese version shall prevail.)