Mr. Shen Wenrong has passed away, but his spirit lives on. On the morning of July 4, a memorial service for Mr. Shen Wenrong was held at Jiangsu Shagang Group. Relatives and friends, employee representatives of Shagang Group, major leaders of Suzhou Municipal Party Committee and Municipal Government, former leaders who had served in Zhangjiagang, major leaders of the Party Committee, the People’s Congress, the Municipal Government and the Chinese People’s Political Consultative Conference of Zhangjiagang and heads of relevant departments, leaders of industry associations including China Chamber of Commerce for Metallurgical Enterprises and China Iron and Steel Association, and representatives of entrepreneurs deeply cherished the memory of Mr. Shen Wenrong's life of entrepreneurship, dedication and pursuit of excellence.

Mr. Shen Wenrong, a member of the Communist Party of China, a delegate to the 16th and 17th National Congress of the Communist Party of China, a delegate to the 9th National People's Congress, a national Model Worker, an outstanding builder of socialism with Chinese characteristics, one of the 100 outstanding private entrepreneurs in the 40 years of reform and opening up, an outstanding member of the Communist Party of China in Jiangsu Province, and the founder and chairman of the Board of Directors of Jiangsu Shagang Group, died on June 30, 2024 at the age of 78 due to ineffective treatment of his illness.

During Mr. Shen Wenrong's serious illness, relevant leaders went to the hospital to visit and comfort. After his death, people from all sectors offered deep condolences and delivered sincere consolation to his relatives in various forms.

At the memorial service, participants stood solemnly and paid tribute to the portrait of Mr. Shen Wenrong. People fondly recalled that Mr. Shen Wenrong led Shagang from a small steel rolling workshop to the largest single steel enterprise in the world, China’s largest private steel enterprise, and a conglomerate ranking among the Global 500 for 15 consecutive years. Mr. Shen Wenrong interpreted with his struggle the patriotic sentiment of Serving the Country with Steel, and demonstrated with his practice the entrepreneurial spirit, the spirit of Jiangsu entrepreneurs and the spirit of Zhangjiagang. People expressed that they would learn from his responsibility spirit of staying true to the original aspiration and being loyal to the course, his innovative spirit of emancipating the mind and daring to make decisions, his striving spirit of never being satisfied but being pioneering and his dedication spirit of focusing on development and being selfless, and that they would make due contributions in their own work.

Representatives of the relatives expressed their sincere gratitude to people from all sectors of society for their long-term concern and support for Mr. Shen Wenrong and Shagang Group, and said that they would inherit Mr. Shen Wenrong’s legacy, further carry forward the Zhangjiagang spirit, continue to work hard to build a Century Shagang, and strive to make new and greater contributions to the high-quality development of the national and local economy and society.