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Hong Kong, December 15, 2015 - Shangri-La International Hotel Management Limited and NeoGlory Holdings Group Company Limited today signed an agreement in relation to the management of Shangri-La Hotel, Yiwu.  Scheduled to open at the end of 2016, the hotel will form part of the upscale and newly built Yiwu World Trade Centre that comprises 480,000 square meters (over 5.1 million square feet) of luxury living and expansive commercial and retail space in the heart of the city's central business district. 

Flanked by the scenic Yiwu River and Futian Park, Shangri-La Hotel, Yiwu will present a combined inventory of approximately 516 guestrooms and serviced apartments with panoramic views of the skyline and premier dining, leisure and conference facilities.  Just one and a half hours by high speed train from Shanghai, Yiwu in Zhejiang Province is known as a vibrant commodities trade center and for its tourist sites.     

"We are delighted to sign this partnership with NeoGlory Holdings Group Company Limited and to be opening a new hotel," said Greg Dogan, president and chief executive officer of Shangri-La.  "This project provides the group an opportunity to further extend our brand portfolio in China and to bring new standards of luxury and hospitality to Yiwu." 

"We are pleased to jointly announce this project and to have found the right brand and operator," said Chairman Ms. Zhou Xiao Guang and President and CEO Mr. Heebo Yu Yun Xin of NeoGlory Holdings Group Limited, expressing their excitement about the partnership. "Shangri-La is a leading hospitality company and we are confident that together, the hotel will be of exceptional standards. 

About NeoGlory Holdings Group Company Limited

Founded in 1995 and based in Yiwu, China, NeoGlory Holdings Group Company Limited is the world's market leader in costume and fashion jewelry.  The company employs over 100,000 people and has established a sales force in 70 countries with nearly 1,000 stores across China.  The company has interests in investment, commerce and trade and has also diversified into wine and property development.

About Shangri-La Hotels and Resorts

Hong Kong-based Shangri-La Hotels and Resorts, one of the world's premier hotel companies, currently owns and/or manages over 90 hotels under the Shangri-La brand with a room inventory of over 38,000.  Over four decades the group has established its brand hallmark of 'hospitality from the heart.'  The group has a substantial development pipeline with upcoming projects in mainland China, Cambodia, Hong Kong, India, Myanmar, Philippines, Qatar and Sri Lanka.  For more information and reservations, please contact a travel professional or access the website at www.shangri-la.com

Contact: Judy Reeves - Director of Public Relations, The Americas - Shangri-La Hotels and Resorts

judy.reeves@shangri-la.com / (212) 382-3155

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