----

----

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

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

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

| BRITISH VIRGIN ISLANDS                                         |   | 11-3462369                        |
|----------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer 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) |

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

----

----

----

HIN

|                                        |   |                                                                                        | Page   |
|---------------------------------------------|--------|---------------------------------------------------------------------------------------------|--------|
|                                        |   |                                                                                        | Number |
|                                        |   |                                                                                        |   |
| PART I. FINANCIAL INFORMATION          | 1      |
|                                        |   |                                                                                        |   |
| Item 1.                                     |   | Financial Statements                                                                        | 1      |
|                                        |   |                                                                                        |   |
|                                        |   | Interim Balance Sheets                                                                      | 1      |
|                                        |   |                                                                                        |   |
|                                        |   | Interim Statements of Operations                                                            | 2      |
|                                        |   |                                                                                        |   |
|                                        |   | Interim Statements of Cash Flows                                                            | 3      |
|                                        |   |                                                                                        |   |
|                                        |   | Notes to Interim Financial Statements                                                       | 4      |
|                                        |   |                                                                                        |   |
| Item 2.                                     |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 5      |
|                                        |   |                                                                                        |   |
| Item 4T.                                    |   | Controls and Procedures                                                                     | 6      |
|                                        |   |                                                                                        |   |
| 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.                                     |   | Submission of Matters to a Vote of Security Holders                                         | 7      |
|                                        |   |                                                                                        |   |
| Item 5.                                     |   | Other Information                                                                           | 7      |
|                                        |   |                                                                                        |   |
| Item 6.                                     |   | Exhibits                                                                                    | 7      |
|                                        |   |                                                                                        |   |
| SIGNATURES                                  | 8      |

----

Index

| Item 1. | Financial Statements |
|---------|----------------------|

CHINA

| (Expressed in U.S. Dollars)                                                                     |   | February 28,2010(Unaudited) |     |   | November 30,2009(Audited) |   |
|-------------------------------------------------------------------------------------------------|--------|-----------------------------|----------|--------|---------------------------|--------|
|                                                                                            |   |                        |     |   |                      |   |
| ASSETS                                                                                          |   |                        |     |   |                      |   |
| Current Assets                                                                                  |   |                        |     |   |                      |   |
| Prepayment                                                                                      |   | $                           | -        |   |                      | $      | - |   |
| Total current assets                                                                            |   |                        | -        |   |                      |   | - |   |
|                                                                                            |   |                        |     |   |                      |   |   |   |
| Total assets                                                                                    |   | $                           | -        |   |                      | $      | - |   |
|                                                                                            |   |                        |     |   |                      |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                  |   |                        |     |   |                      |   |   |   |
| Current Liabilities                                                                             |   |                        |     |   |                      |   |   |   |
| Accounts payable and accrued expenses                                                           |   | $                           | 11,035   |   |                      | $      | 3,687 |   |
| Loans from shareholder                                                                          |   |                        | 510,519  |   |                      |   | 505,954 |   |
| Total current liabilities                                                                       |   |                        | 521,554  |   |                      |   | 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                                                |   |                        | (788,019 | )      |                      |   | (776,106 | ) |
| Total stockholders’ deficiency                                                            |   |                        | (521,554 | )      |                      |   | (509,641 | ) |
|                                                                                            |   |                        |     |   |                      |   |   |   |
| Total liabilities and stockholders’ deficiency                                            |   | $                           | -        |   |                      | $      | - |   |

----

Index

C

| (Expressed in U.S. Dollars)                |   | Cumulativefrominception |     |   | 2010   |   |       | 2009   |   |
|--------------------------------------------|--------|-------------------------|----------|--------|--------|--------|------------|--------|--------|
|                                       |   |                    |     |   |   |   |       |   |   |
| Revenues                                   |   | $                       | -        |   |   | $      | -          |   |   | $ | - |   |
|                                       |   |                    |     |   |   |   |       |   |   |   |   |   |
| General and administrative expenses        |   |                    |     |   |   |   |       |   |   |   |   |   |
| Salaries and benefits                      |   |                    | 181,888  |   |   |   | -          |   |   |   | - |   |
| General and administrative                 |   |                    | 535,263  |   |   |   | 11,913     |   |   |   | 10,077 |   |
| Consulting fees – related party      |   |                    | 150,000  |   |   |   | -          |   |   |   | - |   |
| Total general and administrative expenses  |   |                    | 867,151  |   |   |   | 11,913     |   |   |   | 10,077 |   |
|                                       |   |                    |     |   |   |   |       |   |   |   |   |   |
| Operating loss                             |   |                    | (867,151 | )      |   |   | (11,913    | )      |   |   | (10,077 | ) |
|                                       |   |                    |     |   |   |   |       |   |   |   |   |   |
| 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                                   |   | $                       | (788,019 | )      |   | $      | (11,913    | )      |   | $ | (10,077 | ) |
|                                       |   |                    |     |   |   |   |       |   |   |   |   |   |
| Basic and diluted net loss per share       |   |                    |     |   |   | $      | -          |   |   | $ | - |   |
|                                       |   |                    |     |   |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding        |   |                    |     |   |   |   | 11,200,000 |   |   |   | 11,200,000 |   |

----

Index

HI

| (Expressed in U.S. Dollars)                                                                                  |   | Cumulative from inception |       |   | 2010   |   |    | 2009   |   |
|--------------------------------------------------------------------------------------------------------------|--------|---------------------------|------------|--------|--------|--------|---------|--------|--------|
|                                                                                                         |   |                      |       |   |   |   |    |   |   |
| Cash flows from operating activities                                                                         |   |                      |       |   |   |   |    |   |   |
| Net loss                                                                                                     |   | $                         | (788,019   | )      |   | $      | (11,913 | )      |   | $ | (10,077 | ) |
| 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                                  |   |                      | -          |   |   |   | -       |   |   |   | (266 | ) |
|         Increase (decrease) in accounts payable and accrued expenses |   |                      | 11,035     |   |   |   | 7,348   |   |   |   | 8,214 |   |
| Net cash flows used in operating activities                                                                  |   |                      | (717,102   | )      |   |   | (4,565  | )      |   |   | (2,129 | ) |
|                                                                                                         |   |                      |       |   |   |   |    |   |   |   |   |   |
| 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                                                                                       |   |                      | 524,916    |   |   |   | 4,565   |   |   |   | 2,129 |   |
| 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                                                              |   |                      | 728,567    |   |   |   | 4,565   |   |   |   | 2,129 |   |
|                                                                                                         |   |                      |       |   |   |   |    |   |   |   |   |   |
| 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

CHIN

|   |
|--------|

----

Index

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

----

Index

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

----

Index

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

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

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

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

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

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

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

Exhibit 31

Exhibit 32

----

Index

SIGNATURES

|                            | CHINA ELITE INFORMATION CO., LTD. |
|---------------------------------|-----------------------------------|
|                            |                              |   |   |
|                            |                              |   |   |
| Date:  April 14, 2010 | By                                | /s/ Li Kin Shing |   |
|                            |                              | Li Kin Shing |   |
|                            |                              | President and Chief Executive Officer |   |

----