The Hotel Division of the Yi Wan Group, Inc. (BULLETIN BOARD: YIWA) , a
China-based company located in the People`s Republic of China, announced
today that the Company`s flagship hotel in Jiaozuo City of the Henan
Province has opened a new luxury V.I.P. restaurant on the 16th floor. The
Grand Opening took place on January 15.
“This luxurious new restaurant enhances Yi Wan`s reputation for fine
cuisine and quality facilities, and will add to the prominence of the
Jiaozuo Yi Wan Hotel, which already holds the region`s highest rating for
a hotel and entertainment facility,” declared Cheng Wan Ming, Yi Wan Group
President and Chairman of the Board.
The company invested USD $200,000 in remodeling the 16th floor. The
restaurant, which is one of the most expensive in the city, is the fifth
restaurant in the hotel. It has a total dining area of 350 square meters
divided into three separate dining rooms serving a maximum capacity of 40
The Hotel Division of the Yi Wan Group, Inc. owns and manages the Jiaozuo
Yi Wan Hotel and the Qinyang Yi Wan Hotel, a smaller luxury hotel in
Qinyang City in Henan Province. The Company is a Foreign Invested
Enterprise Joint Venture and the Hotel Division holds a business license
in China that extends to December 2027.
Yi Wan Group, Inc. was incorporated to explore the feasibility of
acquiring interests in several businesses located in China in which its
President, Mr. Cheng Wan Ming, had an ownership interest. On January 1,
2000, the Company acquired controlling equity interests in certain
China-registered companies, which have ongoing business operations in the
hotel and communications industries in China. The Company`s website
(http://www.yiwangroup.com/), as well as its periodic filings with the
Securities and Exchange Commission (available at http://www.sec.gov/),
contain descriptive information regarding the Company and its management.