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| x | Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|-----------------------------------------------------------------------------------------|

|   | For the quarterly period ended May 31, 2010 |
|--------|---------------------------------------------|

| o | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|------------------------------------------------------------------------------------------|

|   | For the transition period from ______to ______ |
|--------|------------------------------------------------|

|   | 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, 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) |   |

| o Large accelerated filer | o Accelerated filer         |
|--------------------------------|----------------------------------|
| o Non-accelerated filer   | x Smaller reporting company |

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CHINA ELITE INFORMATION CO., LTD.

|                                           |    |                                                                                        | Page   |
|------------------------------------------------|---------|---------------------------------------------------------------------------------------------|--------|
|                                           |    |                                                                                        | Number |
|                                           |    |                                                                                        |   |
| PART I.   FINANCIAL INFORMATION | 1       |
|                                           |    |
|                                           | Item 1. | Condensed Interim Financial Statements                                                      | 1      |
|                                           |    |                                                                                        |   |
|                                           |    | Condensed Interim Balance Sheets                                                            | 1      |
|                                           |    |                                                                                        |   |
|                                           |    | Condensed Interim Statements of Operations                                                  | 2      |
|                                           |    |                                                                                        |   |
|                                           |    | Condensed Interim Statements of Cash Flows                                                  | 3      |
|                                           |    |                                                                                        |   |
|                                           |    | Notes to Condensed Interim Financial Statements                                             | 4      |
|                                           |    |                                                                                        |   |
|                                           | Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 5      |
|                                           |    |                                                                                        |   |
|                                           | Item 4. | Controls and Procedures                                                                     | 7      |
|                                           |    |                                                                                        |   |
| PART II.   OTHER INFORMATION    | 7       |
|                                           |    |
|                                           | Item 1. | Legal Proceedings                                                                           | 7      |
|                                           |    |                                                                                        |   |
|                                           | Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 7      |
|                                           |    |                                                                                        |   |
|                                           | Item 3. | Defaults Upon Senior Securities                                                             | 7      |
|                                           |    |                                                                                        |   |
|                                           | Item 4. | [REMOVED AND RESERVED]                                                                      | 8      |
|                                           |    |                                                                                        |   |
|                                           | Item 5. | Other Information                                                                           | 8      |
|                                           |    |                                                                                        |   |
|                                           | Item 6. | Exhibits                                                                                    | 8      |
|                                           |    |                                                                                        |   |
| SIGNATURES                                     | 9       |

----

Index

| Item 1. | Condensed Interim Financial Statements |
|---------|----------------------------------------|

CHINA ELITE INFORMATION CO., LTD.

| (Expressed in U.S. Dollars)                                                                     |   | May 31,2010(Unaudited) |     |   | November 30,2009(Audited) |   |
|-------------------------------------------------------------------------------------------------|--------|-----------------------------|----------|--------|--------------------------------|--------|
|                                                                                            |   |                        |     |   |                           |   |
| ASSETS                                                                                          |   |                        |     |   |                           |   |
|                                                                                            |   |                        |     |   |                           |   |
| Total assets                                                                                    |   | $                           | -        |   |                           | $      | - |   |
|                                                                                            |   |                        |     |   |                           |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                  |   |                        |     |   |                           |   |   |   |
| Current Liabilities                                                                             |   |                        |     |   |                           |   |   |   |
| Accounts payable and accrued expenses                                                           |   | $                           | 5,880    |   |                           | $      | 3,687 |   |
| Loans from shareholder                                                                          |   |                        | 523,875  |   |                           |   | 505,954 |   |
| Total current liabilities                                                                       |   |                        | 529,755  |   |                           |   | 509,641 |   |
|                                                                                            |   |                        |     |   |                           |   |   |   |
| Commitments and Contingencies                                                                   |   |                        |     |   |                           |   |   |   |
|                                                                                            |   |                        |     |   |                           |   |   |   |
| Stockholders’ Deficiency                                                                  |   |                        |     |   |                           |   |   |   |
| Preferred stock: $0.01 par value; 10,000,000 shares authorized; issued and outstanding: none    |   |                        | -        |   |                           |   | - |   |
| Common stock: $0.01 par value; 50,000,000 shares authorized; issued and outstanding: 11,200,000 |   |                        | 112,000  |   |                           |   | 112,000 |   |
| Additional paid in capital                                                                      |   |                        | 154,465  |   |                           |   | 154,465 |   |
| Deficit accumulated during the development stage                                                |   |                        | (796,220 | )      |                           |   | (776,106 | ) |
| Total stockholders’ deficiency                                                            |   |                        | (529,755 | )      |                           |   | (509,641 | ) |
|                                                                                            |   |                        |     |   |                           |   |   |   |
| Total liabilities and stockholders’ deficiency                                            |   | $                           | -        |   |                           | $      | - |   |

----

Index

CHINA ELITE INFORMATION CO., LTD.

| (Expressed in U.S. Dollars)                |   | Cumulative from |     |   | Six months endedMay 31, |   |       | Three months endedMay 31, |   |
|--------------------------------------------|--------|-----------------|----------|--------|------------------------------|--------|------------|--------------------------------|--------|
|                                       |   | inception       |     |   | 2010                         |   |       | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |
| Revenues                                   |   | $               | -        |   |                         | $      | -          |                           |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses        |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and benefits                      |   |            | 181,888  |   |                         |   | -          |                           |   |   | - |   |   |   | - |   |   |   | - |   |
| General and administrative                 |   |            | 543,464  |   |                         |   | 20,114     |                           |   |   | 25,798 |   |   |   | 8,201 |   |   |   | 15,721 |   |
| Consulting fees – related party      |   |            | 150,000  |   |                         |   | -          |                           |   |   | - |   |   |   | - |   |   |   | - |   |
| Total general and administrative expenses  |   |            | 875,352  |   |                         |   | 20,114     |                           |   |   | 25,798 |   |   |   | 8,201 |   |   |   | 15,721 |   |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss                             |   |            | (875,352 | )      |                         |   | (20,114    | )                              |   |   | (25,798 | ) |   |   | (8,201 | ) |   |   | (15,721 | ) |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                     |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss on disposal of property and equipment |   |            | (1,473   | )      |                         |   | -          |                           |   |   | - |   |   |   | - |   |   |   | - |   |
| Interest expense                           |   |            | (53,956  | )      |                         |   | -          |                           |   |   | - |   |   |   | - |   |   |   | - |   |
| Interest income                            |   |            | 134,561  |   |                         |   | -          |                           |   |   | - |   |   |   | - |   |   |   | - |   |
| Total other income (expense)               |   |            | 79,132   |   |                         |   | -          |                           |   |   | - |   |   |   | - |   |   |   | - |   |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                   |   | $               | (796,220 | )      |                         | $      | (20,114    | )                              |   | $ | (25,798 | ) |   | $ | (8,201 | ) |   | $ | (15,721 | ) |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted net loss per share       |   |            |     |   |                         | $      | (0.00      | )                              |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
|                                       |   |            |     |   |                         |   |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding        |   |            |     |   |                         |   | 11,200,000 |                           |   |   | 11,200,000 |   |   |   | 11,200,000 |   |   |   | 11,200,000 |   |

----

Index

CHINA ELITE INFORMATION CO., LTD.

|                                                                             |   | Cumulative from |       |   | Six months ended May 31, |   |
|----------------------------------------------------------------------------------|--------|-----------------|------------|--------|--------------------------|--------|
| (Expressed in U.S. Dollars)                                                      |   | inception       |       |   | 2010                     |   |   | 2009 |   |
|                                                                             |   |            |       |   |                     |   |   |   |   |
| Cash flows from operating activities                                             |   |            |       |   |                     |   |   |   |   |
| Net loss                                                                         |   | $               | (796,220   | )      |                     | $      | (20,114 | ) |   | $ | (25,798 | ) |
| Adjustments to reconcile net loss to net cash flows used in operating activities |   |            |       |   |                     |   |   |   |   |   |   |   |
| Depreciation and organization costs                                              |   |            | 11,492     |   |                     |   | - |   |   |   | - |   |
| Loss on disposal of property and equipment                                       |   |            | 1,473      |   |                     |   | - |   |   |   | - |   |
| Common stock issued for services                                                 |   |            | 48,400     |   |                     |   | - |   |   |   | - |   |
| (Increase) decrease in interest receivable                                       |   |            | (1,483     | )      |                     |   | - |   |   |   | - |   |
| (Increase) decrease in prepayment                                                |   |            | -          |   |                     |   | - |   |   |   | (178 | ) |
| Increase (decrease) in accounts payable and accrued expenses                     |   |            | 5,880      |   |                     |   | 2,193 |   |   |   | 6,487 |   |
| Net cash flows used in operating activities                                      |   |            | (730,458   | )      |                     |   | (17,921 | ) |   |   | (32,463 | ) |
|                                                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| 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                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| Loans from shareholder                                                           |   |            | 538,272    |   |                     |   | 17,921 |   |   |   | 32,463 |   |
| 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                                  |   |            | 741,923    |   |                     |   | 17,921 |   |   |   | 32,463 |   |
|                                                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                 |   |            | -          |   |                     |   | - |   |   |   | - |   |
|                                                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| Cash and cash equivalents, beginning of period                                   |   |            | -          |   |                     |   | - |   |   |   | - |   |
|                                                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| Cash and cash equivalents, end of period                                         |   | $               | -          |   |                     | $      | - |   |   | $ | - |   |
|                                                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| Cash paid for interest and income taxes                                          |   | $               | -          |   |                     | $      | - |   |   | $ | - |   |
|                                                                             |   |            |       |   |                     |   |   |   |   |   |   |   |
| Supplemental noncash investing and financing activities:                         |   |            |       |   |                     |   |   |   |   |   |   |   |
| Common stock issued for services                                                 |   | $               | 48,400     |   |                     | $      | - |   |   | $ | - |   |
| Loans payable converted to additional paid in capital                            |   | $               | 14,397     |   |                     | $      | - |   |   | $ | - |   |

----

Index

CHINA ELITE INFORMATION CO., LTD.

----

----

Index

| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

----

Index

----

Index

| Item 4. | Controls and Procedures |
|---------|-------------------------|

| PART II. | OTHER INFORMATION |
|----------|-------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

|   | None. |
|--------|-------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

|   | None. |
|--------|-------|

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

|   | None. |
|--------|-------|

----

Index

| Item 4. | [REMOVED AND RESERVED] |
|---------|------------------------|

| Item 5. | Other Information |
|---------|-------------------|

|   | None. |
|--------|-------|

| Item 6. | Exhibits |
|---------|----------|

|   | (a) | Exhibits: |
|--------|-----|-----------|

|   | Exhibit 31 - Certification of President, Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

Index

SIGNATURES

|                           |   | CHINA ELITE INFORMATION CO., LTD.     |
|--------------------------------|--------|---------------------------------------|
|                           |   |                                  |
|                           |   |                                  |
| Date:  July 15, 2010 | By     | /s/ Li Kin Shing                      |   |
|                           |   | Li Kin Shing                          |
|                           |   | President and Chief Executive Officer |

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