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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, 2011 |
|---|-------------------------------------------------------------------------------------------------------------------------------------|

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

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

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| 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)                        |

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

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INDEX

|                                           |    | PageNumber                                                                                  |
|------------------------------------------------|---------|---------------------------------------------------------------------------------------------|
| PART I.   FINANCIAL INFORMATION |    |
|                                           |    |                                                                                        |
|                                           | 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 |
|                                           |    |                                                                                        |   |
|                                           |    | Condensed Notes to 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    | 8       |
|                                           |    |                                                                                        |
|                                           | Item 1. | Legal Proceedings                                                                           | 8 |
|                                           |    |                                                                                        |   |
|                                           | Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 8 |
|                                           |    |                                                                                        |   |
|                                           | Item 3. | Defaults Upon Senior Securities                                                             | 8 |
|                                           |    |                                                                                        |   |
|                                           | Item 4. | [Removed and Reserved]                                                                      | 8 |
|                                           |    |                                                                                        |   |
|                                           | Item 5. | Other Information                                                                           | 8 |
|                                           |    |                                                                                        |   |
|                                           | Item 6. | Exhibits                                                                                    | 8 |
|                                           |    |                                                                                        |   |
|  SIGNATURES                               | 9       |

----

Index

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

BALANCE SHEETS

| (Expressed in U.S. Dollars)                                                                     |   | May 31,2011(Unaudited) |     |   | November 30,2010(Audited) |   |
|-------------------------------------------------------------------------------------------------|--------|------------------------|----------|--------|---------------------------|--------|
|                                                                                            |   |                   |     |   |                      |   |
| ASSETS                                                                                          |   |                   |     |   |                      |   |
|                                                                                            |   |                   |     |   |                      |   |
| Total assets                                                                                    |   | $                      | -        |   |                      | $      | - |   |
|                                                                                            |   |                   |     |   |                      |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY                                                  |   |                   |     |   |                      |   |   |   |
| Current Liabilities                                                                             |   |                   |     |   |                      |   |   |   |
| Accounts payable and accrued expenses                                                           |   | $                      | 15,750   |   |                      | $      | 8,223 |   |
| Loans from shareholder                                                                          |   |                   | 545,753  |   |                      |   | 535,058 |   |
| Total current liabilities                                                                       |   |                   | 561,503  |   |                      |   | 543,281 |   |
|                                                                                            |   |                   |     |   |                      |   |   |   |
| 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                                                |   |                   | (827,968 | )      |                      |   | (809,746 | ) |
| Total stockholders’ deficiency                                                            |   |                   | (561,503 | )      |                      |   | (543,281 | ) |
|                                                                                            |   |                   |     |   |                      |   |   |   |
| Total liabilities and stockholders’ deficiency                                            |   | $                      | -        |   |                      | $      | - |   |

----

Index

OPERATIONS

|                                       |   | Cumulativefrom |     |   | Six months endedMay 31, |   |       | Three months endedMay 31, |   |
|--------------------------------------------|--------|----------------|----------|--------|-------------------------|--------|------------|---------------------------|--------|
| (Expressed in U.S. Dollars)                |   | inception      |     |   | 2011                    |   |       | 2010                      |   |   | 2011 |   |   | 2010 |   |
|                                       |   |           |     |   |                    |   |       |                      |   |   |   |   |   |   |   |
| Revenues                                   |   | $              | -        |   |                    | $      | -          |                      |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                       |   |           |     |   |                    |   |       |                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses        |   |           |     |   |                    |   |       |                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and benefits                      |   |           | 181,888  |   |                    |   | -          |                      |   |   | - |   |   |   | - |   |   |   | - |   |
| General and administrative                 |   |           | 575,212  |   |                    |   | 18,222     |                      |   |   | 20,114 |   |   |   | 7,794 |   |   |   | 8,201 |   |
| Consulting fees – related party      |   |           | 150,000  |   |                    |   | -          |                      |   |   | - |   |   |   | - |   |   |   | - |   |
| Total general and administrative expenses  |   |           | 907,100  |   |                    |   | 18,222     |                      |   |   | 20,114 |   |   |   | 7,794 |   |   |   | 8,201 |   |
|                                       |   |           |     |   |                    |   |       |                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss                             |   |           | (907,100 | )      |                    |   | (18,222    | )                         |   |   | (20,114 | ) |   |   | (7,794 | ) |   |   | (8,201 | ) |
|                                       |   |           |     |   |                    |   |       |                      |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                   |   | $              | (827,968 | )      |                    | $      | (18,222    | )                         |   | $ | (20,114 | ) |   | $ | (7,794 | ) |   | $ | (8,201 | ) |
|                                       |   |           |     |   |                    |   |       |                      |   |   |   |   |   |   |   |   |   |   |   |   |
| 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

CASH FLOWS

| (Expressed in U.S. Dollars)                                                      |   | Cumulativefrominception |       |   | 2011   |   |    | 2010   |   |
|----------------------------------------------------------------------------------|--------|-------------------------|------------|--------|--------|--------|---------|--------|--------|
|                                                                             |   |                    |       |   |   |   |    |   |   |
| Cash flows from operating activities                                             |   |                    |       |   |   |   |    |   |   |
| Net loss                                                                         |   | $                       | (827,968   | )      |   | $      | (18,222 | )      |   | $ | (20,114 | ) |
| 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     |   |   |   | -       |   |   |   | - |   |
| Changes in assets and liabilities                                                |   |                    |       |   |   |   |    |   |   |   |   |   |
| Interest receivable                                                              |   |                    | (1,483     | )      |   |   | -       |   |   |   | - |   |
| Accounts payable and accrued expenses                                            |   |                    | 15,750     |   |   |   | 7,527   |   |   |   | 2,193 |   |
| Net cash flows used in operating activities                                      |   |                    | (752,336   | )      |   |   | (10,695 | )      |   |   | (17,921 | ) |
|                                                                             |   |                    |       |   |   |   |    |   |   |   |   |   |
| 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                                                           |   |                    | 560,150    |   |   |   | 10,695  |   |   |   | 17,921 |   |
| 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                                  |   |                    | 763,801    |   |   |   | 10,695  |   |   |   | 17,921 |   |
|                                                                             |   |                    |       |   |   |   |    |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                 |   |                    | -          |   |   |   | -       |   |   |   | - |   |
|                                                                             |   |                    |       |   |   |   |    |   |   |   |   |   |
| Cash, beginning of period                                                        |   |                    | -          |   |   |   | -       |   |   |   | - |   |
|                                                                             |   |                    |       |   |   |   |    |   |   |   |   |   |
| Cash, 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

NOTES 

----

----

Index

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

----

Index

----

Index

| Item 4. | 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. | [Removed and Reserved] |
|---------|------------------------|

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

| 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, 2011    | By     | /s/ Li Kin Shing                            |   |
|                                             |   | Li Kin Shing                                |   |
|                                             |   | President and Chief Executive Officer  |   |

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