In a large bowl, toss the wings with salt and pepper and oil. Line a sheet pan with nonstick foil or parchment paper, and spread the wings evenly on the pan. Bake for about 50 minutes, turning the wings halfway through. In the last couple of minutes, you can turn on the broiler to get them to really crisp up. Keep an eye on them, though!
When the wings are done, melt the butter in a skillet or wok and add the Sriracha, honey, rice wine, soy sauce, hoisin, and salt. Stir over low heat until bubbly. Transfer the wings from the baking sheet into the pan with the sauce. Toss until coated. Garnish with chopped cilantro and serve immediately.