Recent decline in crude oil prices having positive impact on 2014 margins and net income

Please replace the release due to changes in the second paragraph.

The corrected release reads:

DELTA TECHNOLOGY HOLDINGS LIMITED PROVIDES UPDATE ON OPERATIONS

Recent decline in crude oil prices having positive impact on 2014 margins and net income

Delta Technology Holdings Limited (“Delta” or “the Company”), (formerly CIS Acquisition Ltd.) (NASDAQ:CISAW) announced today an update on its operations, which have recently been positively impacted by improvements in the specialty chemical market and lower raw material costs.

Chairman and CEO, Mr. Xin Chao, stated, “We continue to see strong growth among our specialty chemical business lines, and the recent decline in global crude oil prices is having a positive benefit on the Company’s cost of goods sold. As a result of this decline, we felt it would be appropriate to advise investors of the impact on our business. The majority of our raw material purchases are of chemical products that are set against larger petrochemical prices such as Toluene, Benzene, Styrene and Phthalic Anhydride, which have all seen price declines in light of changes in the global market for crude oil. Meanwhile, we have retained pricing strength on our line of specialty chemicals. As a result, we are seeing a potential of a 10% increase in operating income if prices for raw materials stay at current levels, largely due to these savings in the purchase of raw materials. During the year ended June 30, 2014, Delta reported operating income of $11.6 million.”

Mr. Chao concluded, “Delta is continuing to see strong sales growth of our unsaturated polyester resin (UPR), which is a durable, high-resin product with anti-corrosion properties used in such industries as automotive or marine. We maintain a diverse customer base of more than 380 customers in China and countries such as India, Brazil, Japan, European Union member countries and America, and feel that we have the production capacity to grow further in 2015.”

About Delta Technology Holdings Ltd.

Founded in 2007, Delta is a leading China-based fine and specialty chemical company producing and distributing organic compound including para-chlorotoluene (“PCT”), ortho-chlorotoluene (“OCT”), PCT/OCT downstream products, unsaturated polyester resin (“UPR”), maleic acid (“MA”) and other by-product chemicals. The end application markets of the Company's products include Automotive, Pharmaceutical, Agrochemical, Dye & Pigments, Aerospace, Ceramics, Coating-Printing, Clean Energy and Food Additives. Delta has approximately 300 employees, 25% of whom are highly-qualified experts and technical personnel. The Company serves more than 380 clients in various industries.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in CIS's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by CIS.

Delta Technology Holdings Ltd.Richard Yan, Chief Financial OfficerPhone: +86 511-8673-3102 (China)Email: richard@krcprc.com.cnorINVESTOR RELATIONSThe Equity Group Inc.Katherine Yao, Associate+86 10-6587-6435kyao@equityny.comAdam Prior, Senior Vice President212-836-9606aprior@equityny.com

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