CIS Acquisition Ltd. is a company recently formed under the laws of the British Virgin Islands for the purpose of acquiring one company or operating business through a merger, share exchange, share purchase, asset acquisition, reorganization or similar transaction ("Business Combination"). CIS Acquisition intends to use the available net proceeds of the offering to acquire one company or business in Russia or Eastern Europe with relevant business operations in Russia and, as the case may be, fund such Business Combination, which can consist of a combination of one or more related operating businesses.

CIS Acquisition will seek to acquire a business with an equity value between approximately $100 million and $500 million. CIS Acquisition seeks to enter into a transaction with an established target company and to support the growth and strategy of the target company by delivering financial and strategic support through its highly experienced management team.