Two HK police officers (Stuart and Sharon) are on the trail of drug smugglers from China, when they find out that Sharon's uncle is the head of the drug syndicate. They follow him to a remote island, which turns out to be his headquarters.

A young woman returns home from a funeral and becomes embroiled in murder, missing money, a drug syndicate, a police investigation and a mysterious killer who goes by the name of "Vampire Wolf."

Director Ho Meng-hua is one of Shaw Studio's most versatile directors. He's helmed romances, mysteries, award-winning dramas, contemporary action films, historical costume dramas, fantasies, and, finally, popular swordplay movies. The title character in this one is a chivalrous thief who raises the jealous ire of the rival Red Shirt Gang. There's plenty of action in this adventure, which sweeps from the plains to the mountains ... to the sound of slashing swords.

An officer of the law and his father are framed for a robbery they did not commit. With only his father's sword at the scene and the man nowhere to be found the officer flees in order to discover who really stole the jewels so that he may clear the family name.