diff --git a/crates/backend/src/codegen/struct.rs b/crates/backend/src/codegen/struct.rs
index dcabd542..6775725d 100644
--- a/crates/backend/src/codegen/struct.rs
+++ b/crates/backend/src/codegen/struct.rs
@@ -238,18 +238,21 @@ impl NapiStruct {
               "Failed to construct class `{}`",
               #js_name_str
             )?;
+            let wrapped_value = Box::into_raw(Box::new(val)) as *mut std::ffi::c_void;
+            let mut object_ref = std::ptr::null_mut();
             napi::check_status!(
               napi::sys::napi_wrap(
                 env,
                 result,
-                Box::into_raw(Box::new(val)) as *mut std::ffi::c_void,
+                wrapped_value,
                 Some(napi::bindgen_prelude::raw_finalize_unchecked::<#name>),
                 std::ptr::null_mut(),
-                std::ptr::null_mut(),
+                &mut object_ref,
               ),
               "Failed to wrap native object of class `{}`",
               #js_name_str
             )?;
+            napi::bindgen_prelude::Reference::<#name>::add_ref(std::any::TypeId::of::<#name>(), (wrapped_value, env, object_ref));
             napi::bindgen_prelude::___CALL_FROM_FACTORY.with(|inner| inner.store(false, std::sync::atomic::Ordering::Relaxed));
             Ok(result)
           } else {
@@ -259,6 +262,12 @@ impl NapiStruct {
           }
         }
       }
+
+      impl #name {
+        pub fn create_reference(&self) -> napi::bindgen_prelude::Result<napi::bindgen_prelude::Reference<#name>> {
+          napi::bindgen_prelude::Reference::<#name>::from_typeid(std::any::TypeId::of::<#name>())
+        }
+      }
     }
   }
 
diff --git a/crates/napi/Cargo.toml b/crates/napi/Cargo.toml
index 614da154..138b1a65 100644
--- a/crates/napi/Cargo.toml
+++ b/crates/napi/Cargo.toml
@@ -73,7 +73,7 @@ optional = true
 version = "1"
 
 [target.'cfg(windows)'.dependencies]
-windows = { version = "0.33", features = [
+windows = { version = "0.34", features = [
   "Win32_System_WindowsProgramming",
   "Win32_System_LibraryLoader",
   "Win32_Foundation",
diff --git a/crates/napi/src/bindgen_runtime/callback_info.rs b/crates/napi/src/bindgen_runtime/callback_info.rs
index eb79236a..f59276f6 100644
--- a/crates/napi/src/bindgen_runtime/callback_info.rs
+++ b/crates/napi/src/bindgen_runtime/callback_info.rs
@@ -64,29 +64,34 @@ impl<const N: usize> CallbackInfo<N> {
     self.this
   }
 
-  pub fn construct<T>(&self, js_name: &str, obj: T) -> Result<sys::napi_value> {
+  pub fn construct<T: 'static>(&self, js_name: &str, obj: T) -> Result<sys::napi_value> {
     let obj = Box::new(obj);
     let this = self.this();
-
+    let value_ref = Box::into_raw(obj) as *mut c_void;
+    let mut object_ref = ptr::null_mut();
     unsafe {
       check_status!(
         sys::napi_wrap(
           self.env,
           this,
-          Box::into_raw(obj) as *mut std::ffi::c_void,
+          value_ref,
           Some(raw_finalize_unchecked::<T>),
           ptr::null_mut(),
-          &mut std::ptr::null_mut()
+          &mut object_ref
         ),
         "Failed to initialize class `{}`",
         js_name,
       )?;
     };
 
+    Reference::<T>::add_ref(
+      std::any::TypeId::of::<T>(),
+      (value_ref, self.env, object_ref),
+    );
     Ok(this)
   }
 
-  pub fn factory<T>(&self, js_name: &str, obj: T) -> Result<sys::napi_value> {
+  pub fn factory<T: 'static>(&self, js_name: &str, obj: T) -> Result<sys::napi_value> {
     let obj = Box::new(obj);
     let this = self.this();
     let mut instance = ptr::null_mut();
@@ -102,18 +107,25 @@ impl<const N: usize> CallbackInfo<N> {
         return Ok(ptr::null_mut());
       }
 
+      let mut object_ref = ptr::null_mut();
+      let value_ref = Box::into_raw(obj) as *mut c_void;
       check_status!(
         sys::napi_wrap(
           self.env,
           instance,
-          Box::into_raw(obj) as *mut std::ffi::c_void,
+          value_ref,
           Some(raw_finalize_unchecked::<T>),
           ptr::null_mut(),
-          &mut std::ptr::null_mut()
+          &mut object_ref
         ),
         "Failed to initialize class `{}`",
         js_name,
       )?;
+
+      Reference::<T>::add_ref(
+        std::any::TypeId::of::<T>(),
+        (value_ref, self.env, object_ref),
+      );
     };
 
     Ok(instance)
diff --git a/crates/napi/src/bindgen_runtime/js_values.rs b/crates/napi/src/bindgen_runtime/js_values.rs
index 579e12bf..bae2cff2 100644
--- a/crates/napi/src/bindgen_runtime/js_values.rs
+++ b/crates/napi/src/bindgen_runtime/js_values.rs
@@ -24,6 +24,7 @@ mod serde;
 mod string;
 mod symbol;
 mod task;
+mod value_ref;
 
 #[cfg(feature = "napi5")]
 pub use crate::JsDate as Date;
@@ -43,6 +44,7 @@ pub use promise::*;
 pub use string::*;
 pub use symbol::*;
 pub use task::*;
+pub use value_ref::*;
 
 #[cfg(feature = "latin1")]
 pub use string::latin1_string::*;
diff --git a/crates/napi/src/bindgen_runtime/js_values/value_ref.rs b/crates/napi/src/bindgen_runtime/js_values/value_ref.rs
new file mode 100644
index 00000000..b57dc565
--- /dev/null
+++ b/crates/napi/src/bindgen_runtime/js_values/value_ref.rs
@@ -0,0 +1,163 @@
+use std::any::TypeId;
+use std::cell::RefCell;
+use std::collections::HashMap;
+use std::ffi::c_void;
+use std::ops::{Deref, DerefMut};
+
+use crate::{check_status, Error, Result, Status};
+
+type RefInformation = (*mut c_void, crate::sys::napi_env, crate::sys::napi_ref);
+
+thread_local! {
+  static REFERENCE_MAP: RefCell<HashMap<TypeId, RefInformation>> = Default::default();
+}
+
+/// ### Experimental feature
+///
+/// Create a `reference` from `Class` instance.
+/// Unref the `Reference` when the `Reference` is dropped.
+pub struct Reference<T> {
+  raw: *mut T,
+  napi_ref: crate::sys::napi_ref,
+  env: crate::sys::napi_env,
+}
+
+unsafe impl<T: Send> Send for Reference<T> {}
+unsafe impl<T: Sync> Sync for Reference<T> {}
+
+impl<T> Drop for Reference<T> {
+  fn drop(&mut self) {
+    let status = unsafe { crate::sys::napi_reference_unref(self.env, self.napi_ref, &mut 0) };
+    debug_assert!(
+      status == crate::sys::Status::napi_ok,
+      "Reference unref failed"
+    );
+  }
+}
+
+impl<T> Reference<T> {
+  #[doc(hidden)]
+  pub fn add_ref(t: TypeId, value: RefInformation) {
+    REFERENCE_MAP.with(|map| {
+      map.borrow_mut().insert(t, value);
+    });
+  }
+
+  #[doc(hidden)]
+  pub fn from_typeid(t: TypeId) -> Result<Self> {
+    if let Some((wrapped_value, env, napi_ref)) =
+      REFERENCE_MAP.with(|map| map.borrow().get(&t).cloned())
+    {
+      check_status!(
+        unsafe { crate::sys::napi_reference_ref(env, napi_ref, &mut 0) },
+        "Failed to ref napi reference"
+      )?;
+      Ok(Self {
+        raw: wrapped_value as *mut T,
+        env,
+        napi_ref,
+      })
+    } else {
+      Err(Error::new(
+        Status::InvalidArg,
+        format!("Class for Type {:?} not found", t),
+      ))
+    }
+  }
+}
+
+impl<T: 'static> Reference<T> {
+  pub fn share_with<S, F: FnOnce(&'static mut T) -> Result<S>>(
+    self,
+    f: F,
+  ) -> Result<SharedReference<T, S>> {
+    let s = f(Box::leak(unsafe { Box::from_raw(self.raw) }))?;
+    Ok(SharedReference {
+      raw: Box::into_raw(Box::new(s)),
+      owner: self,
+    })
+  }
+}
+
+impl<T> Deref for Reference<T> {
+  type Target = T;
+
+  fn deref(&self) -> &Self::Target {
+    unsafe { Box::leak(Box::from_raw(self.raw)) }
+  }
+}
+
+impl<T> DerefMut for Reference<T> {
+  fn deref_mut(&mut self) -> &mut Self::Target {
+    unsafe { Box::leak(Box::from_raw(self.raw)) }
+  }
+}
+
+impl<T> Clone for Reference<T> {
+  fn clone(&self) -> Self {
+    let mut ref_count = 0;
+    let status = unsafe { crate::sys::napi_reference_ref(self.env, self.napi_ref, &mut ref_count) };
+    debug_assert!(
+      status == crate::sys::Status::napi_ok,
+      "Reference ref failed"
+    );
+    Self {
+      raw: self.raw,
+      napi_ref: self.napi_ref,
+      env: self.env,
+    }
+  }
+}
+
+/// ### Experimental feature
+///
+/// Create a `SharedReference` from an existed `Reference`.
+pub struct SharedReference<T, S> {
+  raw: *mut S,
+  owner: Reference<T>,
+}
+
+unsafe impl<T: Send, S: Send> Send for SharedReference<T, S> {}
+unsafe impl<T: Sync, S: Sync> Sync for SharedReference<T, S> {}
+
+impl<T, S: 'static> SharedReference<T, S> {
+  pub fn share_with<U, F: FnOnce(&'static mut S) -> Result<U>>(
+    self,
+    f: F,
+  ) -> Result<SharedReference<T, U>> {
+    let s = f(Box::leak(unsafe { Box::from_raw(self.raw) }))?;
+    Ok(SharedReference {
+      raw: Box::into_raw(Box::new(s)),
+      owner: self.owner,
+    })
+  }
+}
+
+impl<T, S> Deref for SharedReference<T, S> {
+  type Target = S;
+
+  fn deref(&self) -> &Self::Target {
+    unsafe { Box::leak(Box::from_raw(self.raw)) }
+  }
+}
+
+impl<T, S> DerefMut for SharedReference<T, S> {
+  fn deref_mut(&mut self) -> &mut Self::Target {
+    unsafe { Box::leak(Box::from_raw(self.raw)) }
+  }
+}
+
+impl<T, S> Clone for SharedReference<T, S> {
+  fn clone(&self) -> Self {
+    let status =
+      unsafe { crate::sys::napi_reference_ref(self.owner.env, self.owner.napi_ref, &mut 0) };
+    debug_assert!(
+      status == crate::sys::Status::napi_ok,
+      "Reference ref failed"
+    );
+    Self {
+      raw: self.raw,
+      owner: self.owner.clone(),
+    }
+  }
+}
diff --git a/crates/napi/src/bindgen_runtime/mod.rs b/crates/napi/src/bindgen_runtime/mod.rs
index 69297782..8d4526a5 100644
--- a/crates/napi/src/bindgen_runtime/mod.rs
+++ b/crates/napi/src/bindgen_runtime/mod.rs
@@ -1,8 +1,5 @@
-mod callback_info;
-mod env;
-mod error;
-mod js_values;
-mod module_register;
+use std::ffi::c_void;
+use std::mem;
 
 pub use callback_info::*;
 pub use ctor::ctor;
@@ -11,29 +8,22 @@ pub use js_values::*;
 pub use module_register::*;
 
 use super::sys;
-use std::{ffi::c_void, mem};
+
+mod callback_info;
+mod env;
+mod error;
+mod js_values;
+mod module_register;
 
 /// # Safety
 ///
 /// called when node wrapper objects destroyed
 pub unsafe extern "C" fn raw_finalize_unchecked<T>(
-  env: sys::napi_env,
+  _env: sys::napi_env,
   finalize_data: *mut c_void,
-  finalize_hint: *mut c_void,
+  _finalize_hint: *mut c_void,
 ) {
-  let obj = finalize_data as *mut T;
-  unsafe { Box::from_raw(obj) };
-  if !finalize_hint.is_null() {
-    let size_hint = unsafe { *Box::from_raw(finalize_hint as *mut Option<i64>) };
-    if let Some(changed) = size_hint {
-      let mut adjusted = 0i64;
-      let status = unsafe { sys::napi_adjust_external_memory(env, -changed, &mut adjusted) };
-      debug_assert!(
-        status == sys::Status::napi_ok,
-        "Calling napi_adjust_external_memory failed"
-      );
-    };
-  }
+  unsafe { Box::from_raw(finalize_data as *mut T) };
 }
 
 /// # Safety
diff --git a/examples/napi/__test__/typegen.spec.ts.md b/examples/napi/__test__/typegen.spec.ts.md
index abc7f874..bd02cfe7 100644
--- a/examples/napi/__test__/typegen.spec.ts.md
+++ b/examples/napi/__test__/typegen.spec.ts.md
@@ -260,6 +260,13 @@ Generated by [AVA](https://avajs.dev).
     export class JsClassForEither {␊
       constructor()␊
     }␊
+    export class JsRepo {␊
+      constructor(dir: string)␊
+      remote(): JsRemote␊
+    }␊
+    export class JsRemote {␊
+      name(): string␊
+    }␊
     export namespace xxh3 {␊
       export const ALIGNMENT: number␊
       export function xxh3_64(input: Buffer): bigint␊
diff --git a/examples/napi/__test__/typegen.spec.ts.snap b/examples/napi/__test__/typegen.spec.ts.snap
index 993f8591..e36dd29b 100644
Binary files a/examples/napi/__test__/typegen.spec.ts.snap and b/examples/napi/__test__/typegen.spec.ts.snap differ
diff --git a/examples/napi/__test__/values.spec.ts b/examples/napi/__test__/values.spec.ts
index 9f32fce0..a687385a 100644
--- a/examples/napi/__test__/values.spec.ts
+++ b/examples/napi/__test__/values.spec.ts
@@ -87,6 +87,7 @@ import {
   derefUint8Array,
   chronoDateAdd1Minute,
   bufferPassThrough,
+  JsRepo,
 } from '../'
 
 test('export const', (t) => {
@@ -189,6 +190,11 @@ test('class Factory return Result', (t) => {
   t.is(c.method(), 'not empty')
 })
 
+test('should be able to create object reference and shared reference', (t) => {
+  const repo = new JsRepo('.')
+  t.is(repo.remote().name(), 'origin')
+})
+
 test('callback', (t) => {
   getCwd((cwd) => {
     t.is(cwd, process.cwd())
diff --git a/examples/napi/index.d.ts b/examples/napi/index.d.ts
index 2365a292..eb825895 100644
--- a/examples/napi/index.d.ts
+++ b/examples/napi/index.d.ts
@@ -250,6 +250,13 @@ export class ClassWithFactory {
 export class JsClassForEither {
   constructor()
 }
+export class JsRepo {
+  constructor(dir: string)
+  remote(): JsRemote
+}
+export class JsRemote {
+  name(): string
+}
 export namespace xxh3 {
   export const ALIGNMENT: number
   export function xxh3_64(input: Buffer): bigint
diff --git a/examples/napi/src/lib.rs b/examples/napi/src/lib.rs
index f6cbd464..611ce6c8 100644
--- a/examples/napi/src/lib.rs
+++ b/examples/napi/src/lib.rs
@@ -32,6 +32,7 @@ mod nullable;
 mod number;
 mod object;
 mod promise;
+mod reference;
 mod serde;
 mod string;
 mod symbol;
diff --git a/examples/napi/src/reference.rs b/examples/napi/src/reference.rs
new file mode 100644
index 00000000..c33693b1
--- /dev/null
+++ b/examples/napi/src/reference.rs
@@ -0,0 +1,58 @@
+use napi::bindgen_prelude::*;
+
+pub struct Repository {
+  dir: String,
+}
+
+impl Repository {
+  fn remote(&self) -> Remote {
+    Remote { inner: self }
+  }
+}
+
+pub struct Remote<'repo> {
+  inner: &'repo Repository,
+}
+
+impl<'repo> Remote<'repo> {
+  fn name(&self) -> String {
+    "origin".to_owned()
+  }
+}
+
+#[napi]
+pub struct JsRepo {
+  inner: Repository,
+}
+
+#[napi]
+impl JsRepo {
+  #[napi(constructor)]
+  pub fn new(dir: String) -> Self {
+    JsRepo {
+      inner: Repository { dir },
+    }
+  }
+
+  #[napi]
+  pub fn remote(&self) -> Result<JsRemote> {
+    Ok(JsRemote {
+      inner: self
+        .create_reference()?
+        .share_with(|repo| Ok(repo.inner.remote()))?,
+    })
+  }
+}
+
+#[napi]
+pub struct JsRemote {
+  inner: SharedReference<JsRepo, Remote<'static>>,
+}
+
+#[napi]
+impl JsRemote {
+  #[napi]
+  pub fn name(&self) -> String {
+    self.inner.name()
+  }
+}