In an open letter published in the Express & Star, Shi wrote: "It's not easy to give the club a clear identity. I personally don't like the way some people call us a 'project', which implies short-term objective.
"I am also not in favour that we are often described as the 'stewards', whose job is just to safeguard Wolves.
"In fact, by our nature, we are entrepreneurs who seek for business and commercial values relentlessly.
"However, the club is not a pure corporate either, because our fans are not average consumers, they love the club not only for its products but also for its uniqueness, character, and heritage. Their happinesses and emotions are tied to the club closely.
"If I have the freedom to label the management team and staff at Wolves, I would say most of us are long-termists, which is the most important common identity for this group of people. We all come from different cities and different countries, from London, Shanghai, Paris, from Kent, Bath, Oxford, from Italy, Portugal, Netherlands, from all over the world, to Compton and Molineux, to passionately try to make something meaningful and long-term happen, for the club, and also for ourselves.
"We understand there are no quick ways to build an enduring success of Wolves. For every short-cut, there is a double-back at the next corner.
"Only when our team have learned enough, failed enough, experienced enough, and ultimately when we have improved enough, the true and long-lasting strength will come and stay."