In a large bowl, combine the chili garlic sauce, honey, salt, and pepper. Reserve about ¼ of the mixture to brush onto the shrimp after cooking. Add the shrimp to the remaining marinade and toss to coat evenly.
Place the shrimp on the hot grill. Skewers or a grill basket may also be used for ease of cooking.
Cook the shrimp for 2 to 3 minutes per side, until opaque and cooked through.
Remove the shrimp from the grill and brush with the reserved marinade (that has not touched raw shrimp). Garnish with fresh cilantro.
Serve immediately with lime wedges for squeezing over the top.