UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

|X|   Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
      of 1934 For the quarterly period ended August 31, 2004

|_|   Transition report under Section 13 or 15(d) of the Securities Exchange Act
      of 1934 For the transition period from ______to ______

                        Commission file number: 000-25591

                        CHINA ELITE INFORMATION CO., LTD.
             (Exact name of Registrant as Specified in its Charter)

            BRITISH VIRGIN ISLANDS                        11-3462369
       (State or other jurisdiction of                  (IRS Employer
        incorporation or organization)                Identification No.)

c/o DeHeng Chen Chan, LLC, 225 Broadway, Suite 1910, NY, NY             10007
        (Address of Principal Executive Offices)                      (Zip Code)

                                 (212) 608-6500
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes |X| No |_|

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date: As of October 15, 2004, there
were 11,200,000 shares of common stock outstanding.


<PAGE>

                        CHINA ELITE INFORMATION CO., LTD.
                                   FORM 10-QSB
                   FOR THE THREE MONTHS ENDED AUGUST 31, 2004

                                      INDEX

                                                                           Page
                                                                          Number
                                                                          ------
PART I.  FINANCIAL INFORMATION                                              2
Item 1. Financial Statements                                                2
Interim Balance Sheet                                                       2
Interim Statements of Operations                                            3
Interim Statements of Cash Flows                                            4
Notes to Financial Statements                                               5

Item 2. Management's Discussion and Analysis
            or Plan of Operations                                           7

Item 3. Controls and Procedures                                             8

PART II.  OTHER INFORMATION                                                 9
Item 1. Legal Proceedings                                                   9
Item 2. Changes in Securities                                               9
Item 3. Defaults Upon Senior Securities                                     9
Item 4. Submission of Matters to a Vote of Security Holders                 9
Item 5. Other Information                                                   9
Item 6. Exhibits                                                            10
SIGNATURES                                                                  11


<PAGE>

                          PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                        CHINA ELITE INFORMATION CO., LTD.
                          (A Development Stage Company)
                              INTERIM BALANCE SHEET
                                   (Unaudited)
                              As of August 31, 2004

(Expressed in U.S. Dollars)
                                                                     August 31,
                                                                        2004
                                                                     ----------
ASSETS
Current assets
Cash                                                                 $       --

Property and equipment, net                                               1,848
                                                                     ----------

Total assets                                                         $    1,848
                                                                     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current liabilities:
     Accrued liabilities                                             $   56,727
     Amount due to a stockholder                                         82,246
     Loans payable                                                       14,397
                                                                     ----------
Total current liabilities                                               153,370
                                                                     ----------

Stockholders' deficiency
   Preferred stock, $0.01 par value; authorized 10,000,000 shares;
     issued and outstanding: none                                            --
   Common stock, $0.01 par value; authorized 50,000,000 shares;
     issued and outstanding (11,200,000)                                112,000
   Additional paid-in capital                                           140,068
   Accumulated deficit during development stage                        (403,590)
                                                                     ----------
Total stockholders' deficiency                                         (151,522)
                                                                     ----------
Total liabilities and stockholders' deficiency                       $    1,848
                                                                     ==========

                  See condensed notes to financial statements.


                                       2
<PAGE>

                        CHINA ELITE INFORMATION CO., LTD.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
                                   (Unaudited)
          For the three and nine months ended August 31, 2004 and 2003
              and for the period from inception (December 19, 1997)
                             through August 31, 2004

(Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                                  Period from
                                                                                                   Inception
                                       Three Months Ended              Nine Months Ended            through
                                           August 31,                      August 31,              August 31,
                                      2004            2003            2004            2003            2004
                                  ----------------------------------------------------------------------------
<S>                               <C>             <C>             <C>             <C>             <C>
REVENUES

     Revenue                      $         --    $         --    $         --    $         --    $         --
                                  ----------------------------------------------------------------------------
     Total revenues                         --              --              --              --              --
                                  ----------------------------------------------------------------------------

EXPENSES

     Salaries and benefits                  --              --              --              --         181,888
     General and administrative        123,749           2,818         137,290          10,634         295,407
                                  ----------------------------------------------------------------------------
     Total expenses                    123,749           2,818         137,290          10,634         477,295
                                  ----------------------------------------------------------------------------

Operating loss                        (123,749)         (2,818)       (137,290)        (10,634)       (477,295)

     Provision for income tax             (125)           (125)           (375)           (375)         (6,900)
     Interest expenses                      --              --              --              --         (53,956)
     Interest income                        --              --              --              --         134,561
                                  ----------------------------------------------------------------------------
Net loss                          $   (123,874)   $     (2,943)   $   (137,665)   $    (11,009)   $   (403,590)
                                  ============================================================================

Basic and diluted loss per
  common share                    $      (0.01)   $         --    $      (0.01)   $         --
                                  ============================================================

Weighted Average Number of
  Common Stock Outstanding
  (Basic and Diluted)               11,200,000      11,200,000      11,200,000      11,200,000
                                  ============================================================
</TABLE>

                  See condensed notes to financial statements.


                                       3
<PAGE>

                        CHINA ELITE INFORMATION CO., LTD.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
                                   (Unaudited)
               For the nine months ended August 31, 2004 and 2003
              and for the period from inception (December 19, 1997)
                             through August 31, 2004

(Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                                 Period from
                                                                                                  Inception
                                                                        Nine Months Ended          through
                                                                            August 31,            August 31,
                                                                       2004           2003          2004
                                                                   -----------------------------------------
<S>                                                                <C>             <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                           $  (137,665)   $   (11,009)   $  (403,590)
Adjustments to reconcile net loss to net cash used in operating
  activities:
     Depreciation and organization costs                                 1,125            750         11,117
     Common stock issued for services                                       --             --         48,400
     Non-cash equity adjustment in reverse merger                           --             --         (1,483)
     Increase in accrued liabilities                                    45,202            375         56,727
                                                                   -----------------------------------------
Net cash flows used in operating activities                            (91,338)        (9,884)      (288,829)
                                                                   -----------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES
     Cash paid for note receivable                                          --             --     (1,117,602)
     Cash received from note receivable                                     --             --      1,117,602
     Cash paid for equipment                                                --             --        (11,465)
                                                                   -----------------------------------------
Net cash flows used in investing activities                                 --             --        (11,465)
                                                                   -----------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Proceeds from loans payable                                            --             --         14,397
     Advance from a stockholder                                         82,246             --         82,246
     Proceeds from issuance of stock                                        --             --      1,531,250
     Cash paid for stock redemption                                         --             --       (150,000)
     Deferred offering costs against capital                                --             --        (25,927)
     Acquisition of treasury stock                                          --             --     (1,151,672)
                                                                   -----------------------------------------
Net cash flows provided by financing activities                         82,246             --        300,294
                                                                   -----------------------------------------

Decrease in cash and cash equivalents                                   (9,092)        (9,884)            --
Cash and cash equivalents, beginning of period                           9,092         20,519             --
                                                                   -----------------------------------------
Cash and cash equivalents, end of period                           $        --    $    10,635    $        --
                                                                   =========================================

Cash paid for:
     Interest                                                      $        --    $        --
     Income taxes                                                  $        --    $        --
</TABLE>

                  See condensed notes to financial statements.


                                       4
<PAGE>

                        CHINA ELITE INFORMATION CO., LTD.
                          (A Development Stage Company)
                      NOTES TO INTERIM FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION

For tax planning purposes, on August 12, 2004, the Company changed the
jurisdiction under which it is incorporated from the State of Delaware to the
British Virgin Islands (the "BVI"). In connection with such reincorporation, the
Company changed its name from "Relocate 411.com, Inc." to "China Elite
Information Co., Ltd."

The par value per share of the Company's preferred stock and common stock was
increased from $0.0001 to $0.01 prior to the reincorporation since BVI law does
not allow per share par values less than $0.01. Each share of common stock, par
value $0.01 per share, of the Delaware Corporation was converted into one fully
paid and non-assessable share of the BVI Company.

The reincorporation had no effect on the Company's current business operations.
As a result of the reincorporation, the Company adopted new corporate governance
documents consisting of a Memorandum of Association, Articles of Incorporation
and Articles of Continuation. Further details can be obtained from the Company's
Form 8-K and Definitive Information Statement filing on August 17, 2004 and
August 26, 2004, respectively.

NOTE 2 - BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in conformity
with generally accepted accounting principles in the United States of America.
However, certain information and footnote disclosures normally included in
financial statements prepared in accordance with generally accepted accounting
principles have been omitted or condensed pursuant to the rules and regulations
of the Securities and Exchange Commission ("SEC"). In the opinion of management,
all adjustments of a normal recurring nature necessary for a fair presentation
have been included. The results for interim periods are not necessarily
indicative of results for the entire year. These condensed financial statements
and accompanying notes should be read in conjunction with the Company's annual
financial statements and the notes thereto for the fiscal year ended November
30, 2003, included in its Annual Report on Form 10-KSB.

NOTE 3 - GOING CONCERN

The accompanying unaudited financial statements have been prepared in conformity
with generally accepted accounting principles in the United States of America,
which contemplates continuation of the Company as a going concern. However, the
Company has limited operations and has sustained substantial operating losses in
recent years resulting in a substantial accumulated deficit. In view of these
matters, realization of a major portion of the assets in the accompanying
balance sheet is dependent upon the continued operations of the Company, which
in turn is dependent upon the Company's ability to meet its financing
requirements, and the success of its future operations.

To meet these objectives, the Company plans to seek potential merger candidates,
expects to raise additional equity, through private equity investment, in order
to support existing operations and expand the range and scope of its business.
There is no assurance that such additional funds will be available for the
Company on acceptable terms, if at all. Management believes that actions


                                       5
<PAGE>

presently taken to revise the Company's operating and financial requirements
provide the opportunity for the Company to continue as a going concern. The
Company's ability to achieve these objectives cannot be determined at this time.
If the Company is unsuccessful in its endeavors, it may have to cease
operations.

NOTE 4 - CHANGE IN CONTROL AND FUTURE COMMITMENTS

On May 21, 2004, Jandah Management Limited ("Jandah"), Glory Way Holdings
Limited ("GWH") and Good Business Technology Limited ("GBT"), each a corporation
organized under the laws of the British Virgin Islands, enter into privately
negotiated transactions with the stockholders of the Company to purchase an
aggregate of 10,976,000 shares of common stock of the Company, representing 98%
of the issued and outstanding shares, for an aggregate purchase price of
$350,000.

      (i) Jandah acquired 9,276,000 shares of common stock from the three
largest shareholders of the Company, Darrel Lerner, Byron Lerner and James
Tubbs, for an aggregate purchase price of $307,500. Darrell Lerner retained
224,000 shares of common stock. As a condition to closing, the Company and Mr.
Darrell Lerner entered into a six-month consulting agreement pursuant to which
Mr. Darrell Lerner will assist the Company with various transition issues and
provide other business consulting services. Under this consulting agreement, Mr.
Darrell Lerner will be paid an aggregate consulting fee of $150,000, payable in
six equal monthly installments.

      (ii) GWH acquired 396,000 shares of common stock for an aggregate purchase
price of $9,900 from each the following selling security holders in separate
agreements listed in the amendment number 8 to the Company's registration
statement on Form SB-2/A (SEC File Number 333-100803) (the "SB-2"): Anslow &
Jaclin, LLP, Frank Massaro, Michael and Thelma Hartman, Nicholas A. Waslyn, Eric
Tjaden, Margaret Indelicato, Juan C. Morales, Sheldon Shalom, Patricia Faro and
Philip Mazzella.

      (iii) GWH also acquired an aggregate of 450,000 shares of common stock for
an aggregate purchase price of $11,250 from each of Barry Manko (250,000 shares)
and Grushko & Mittman (200,000 shares).

      (iv) GBT acquired an aggregate of 854,000 shares of common stock for an
aggregate purchase price of $21,350 from each the following selling security
holders in separate agreements listed in the SB-2: Richard Zapolski, William
Grimm, Richard Volpe, Mark J. Parendo, Mitch Hershkowitz, Kristine Gentile,
Robert M. J. Hartman, Danielle L. Hartman, Martin Miller, Dolores E. Miller,
Dolores E. Miller a/c/f Dillon Engel, Drew Goldberg, Carol Sitte, Karen
Pasteressa a/c/f Samantha Pasteressa, Desert Green, Inc., Robert Giambrone,
Anthony Giambrone, Melvin D. Bernstein, Linda Bernstein, Beth Sussman, Jeffrey
Wenzel, Tracey Wenzel, Harold Sussman, Amy Sussman and Meg L. Sussman.

In connection with, and as a condition to the closing of these stock purchase
transactions, Darrell Lerner resigned as the (i) sole officer of the Company
effective as of May 21, 2004, and (ii) sole director of the Company effective
June 4, 2004. Pursuant to the Company's then existing Bylaws and applicable SEC
regulations, and prior to the effective date of his resignation as the Company's
sole director, Mr. Lerner appointed Li Kin Shing, the sole shareholder of
Jandah, as the President of the Company and, effective as of June 4, 2004, as
the sole member of the board.

Further details can be obtained from the Company's Form 8-K filing on May 25,
2004.


                                       6
<PAGE>

NOTE 5 - RELATED PARTY TRANSACTIONS

Amount due to a stockholder of $82,246 at August 31, 2004, represents a serires
of advances from the majority stockholder to fund working capital requirements.
There is no note and the amounts are unsecured, interest-free, and repayable on
demand. The Company's President has orally agreed to fund the Company's
operations for at least the next twelve months.

Consulting fees - The Company is committed under a six-month consulting
agreement with its former President, Darrell Lerner, for services to be provided
such as assisting the Company with various transition issues and providing other
business consulting services. Under this consulting agreement, Mr. Darrell
Lerner will be paid an aggregate consulting fee of $150,000, payable in six
equal monthly installments.

Item 2. Management's Discussion and Analysis or Plan of Operations

PRELIMINARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

The statements contained in this Form 10-QSB that are not purely historical are
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 include statements about the Company's expectations, beliefs,
intentions or strategies for the future, which are indicated by words or phrases
such as "anticipate," "expect," "intend," "plan," "will," "the Company
believes," "management believes" and similar words or phrases. The
forward-looking statements are based on the Company's current expectations and
are subject to certain risks, uncertainties and assumptions. The Company's
actual results could differ materially from results anticipated in these
forward-looking statements. All forward-looking statements included in this
document are based on information available to the Company on the date hereof,
and the Company assumes no obligation to update any such forward-looking
statements. Readers are also urged to carefully review and consider the various
disclosures made by the Company that are to advise interested parties of the
factors which affect the Company's business, in this report, as well as the
Company's periodic reports on Forms 10-KSB, 10-QSB and 8-K filed with the
Securities and Exchange Commission.

These risks and uncertainties, many of which are beyond our control, include (i)
the sufficiency of existing capital resources and the Company's ability to raise
additional capital to fund cash requirements for future operations; (ii)
uncertainties involved in the acquisition of an operating business; (iii) the
Company's ability to achieve sufficient revenues through an operating business
to fund and maintain operations; (iv) volatility of the stock market; and (v)
general economic conditions. Although we believe the expectations reflected in
these forward-looking statements are reasonable, such expectations may prove to
be incorrect. Investors should be aware that they could lose all or
substantially all of their investment.

Management's Plan of Operation

During the past year, our operations have been devoted primarily to developing a
business plan, developing and designing our website, preparing to bring the
website online and raising capital for future operations and administrative
functions. The Company's plan of operation for the next twelve months is to
identify and acquire a favorable business opportunity. The Company does not plan
to limit its options to any particular industry, but will evaluate each
opportunity on its merits.


                                       7
<PAGE>

The Company has not yet entered into any agreement, nor does it have any
commitment to enter into or become engaged in any transaction as of the date of
this filing.

As reported in the Company's Current Report on Form 8-K filed with the SEC on
May 25, 2004, the control of the Company has been changed and Mr. Li Kin Shing
("Mr. Li") was appointed as the President of the Company effective from May 21,
2004, and as sole director effective as of June 4, 2004. The new management of
the Company endeavors to identify and pursue profitable business opportunities
through mergers and acquisitions, so as to diversify the business risks and
maximize the returns to stockholders. Although the Company does not plan to
limit its options to any particular industry, the Company will initially target
the telecom industry in the People's Republic of China ("PRC"), including the
Hong Kong market, about which Mr. Li possesses extensive experience. Currently,
the Company is exploring a possible transaction with various telecom operators
in the PRC. These telecom providers are principally engaged in selling and
distribution of telecom services and provision of value-added services,
including operating call centers, providing telemarketing services, customer
relationship management services, mobile applications, calling cards, etc.

The management believes that, through the prospective mergers and acquisitions
in the PRC, the Company could accelerate its developing pace and benefit from
the vast opportunities brought by the continual growth in the PRC economy and
the PRC's accession to the World Trade Organization.

The Company has no current plans (i) for the purchase or sale of any plant or
equipment, (ii) to make any changes in the number of employees, or (iii) incur
any significant research and development expenses. The Company's plans may
change if it is able to identify and acquire a suitable business acquisiton.

Capital Resources and Liquidity

As of August 31, 2004, we had total assets of $1,848. Management believes it has
sufficient resources to meet the anticipated needs of the Company's operations,
such as maintaining its required continuous disclosure and reporting
requirements with the Securities and Exchange Commission, for the next twelve
months, though there can be no assurances to that effect. We have no revenues
and our need for capital may change dramatically if we acquire a suitable
business opportunity during that period. Therefore, we plan to rely on
shareholder loans and the raising of debt or equity capital to continue our
operations. There is no assurance we will be successful in raising the needed
capital. Notwithstanding same, Mr. Li, our President has orally agreed to fund
our operations for the next twelve months.

Item 3. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Chief Financial Officer, Li (the "Certifying
Officer") maintains a system of disclosure controls and procedures that is
designed to provide reasonable assurance that information, which is required to
be disclosed, is accumulated and communicated to management timely. Under the
supervision and with the participation of management, the Certifying Officer
evaluated the effectiveness of the design and operation of our disclosure
controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the
Exchange Act) within 90 days prior to the filing date of this report. Based upon
that evaluation, the Certifying Officer concluded that our disclosure controls
and procedures are effective in timely alerting them to material information
relative to our company required to be disclosed in our periodic filings with
the SEC.


                                       8
<PAGE>

Changes in Internal Controls

Our Certifying Officer has indicated that there were no significant changes in
our internal controls or other factors that could significantly affect such
controls subsequent to the date of his evaluation, and there were no such
control actions with regard to significant deficiencies and material weaknesses.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

      None

Item 2. Changes in Securities

      None

Item 3. Defaults Upon Senior Securities

      None

Item 4. Submission of Matters to a Vote of Security Holders

      On July 21, 2004, the Company obtained the written consent to the
transactions described below from 100% of the Company's stockholders
(representing all of the 11,200,000 shares of the Company's common stock then
issued and outstanding).

      On July 21, 2004, the Company's Board of Directors resolved that it was in
the Company's best interest to transfer, pursuant to Section 390 of the Delaware
General Corporations Law and the applicable laws of the BVI, the jurisdiction
under which the Company is incorporated from the State of Delaware to the BVI
and to reincorporate as a British Virgin Islands International Business Company.
In connection with this reincorporation, the Company changed its name from
"Relocate 411.com, Inc." to "China Elite Information Co., Ltd." As a result of
the reincorporation, the Company adopted new corporate governance documents
consisting of a Memorandum of Association, Articles of Incorporation and
Articles of Continuation, all of which were filed as exhibits as part of the
Company's Current Report on Form 8-K filed with the Securities and Exchange
Commission on August 17, 2004.

Item 5. Other Information

      None


                                       9
<PAGE>

Item 6. Exhibits

      Exhibit 3.1 - Memorandum of Association of China Elite Information Co.,
      Ltd. (incorporated by reference to Exhibit 3(b) as part of the Company's
      Current Report on Form 8-K filed with the Securities and Exchange
      Commission on August 17, 2004).

      Exhibit 3.2 - Articles of Association of China Elite Information Co., Ltd.
      (incorporated by reference to Exhibit 3(c) as part of the Company's
      Current Report on Form 8-K filed with the Securities and Exchange
      Commission on August 17, 2004).

      Exhibit 31- Certification of President, Chief Executive Officer and Chief
      Executive Officer pursuant to Rule 13a-14 under the Securities Exchange
      Act of 1934.

      Exhibit 32 - Certification of President, Chief Executive Officer and Chief
      Executive Officer Pursuant to 18 U.S.C. ss. 1350, as Adopted Pursuant to
      ss. 906 of the Sarbanes-Oxley Act of 2002.


                                       10
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Sections 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                           CHINA ELITE INFORMATION CO., LTD.

Date: October 15, 2004                  By /s/ Li Kin Shing
                                           -------------------------------------
                                           Li Kin Shing
                                           President


                                       11