At the end of the Qing Dynasty, the Meng family was exterminated by the Regent, and only the youngest son Meng Erkui was saved by the great martial artist Yu Shengying and his apprentice Guan Yilong. At that time, Yu Shengying was famous all over the world, but he was challenged by Yue Jiangtian, and was eventually defeated and lost the gold plaque of "Martial Artist Master" given to him by the Regent, and he never recovered from it. Many years later, Guan Yilong (played by Wu Zun) and Meng Erkui (played by Han Geng) have grown up. The two have mastered their skills and vowed to avenge their master. Guan and Meng made their debut in Shanghai and defeated the martial artist Yue Jiangtian, regaining the gold plaque of "Martial Artist Master" for their master, and became famous. However, Yue Jiangtian could not bear the humiliation and committed suicide on the spot. Yue Jiangtian's female apprentice, the swordsman Xi Mulan (played by Xu Xiyuan), had a good relationship with her master. After witnessing the death of her master, she hated the two of them, but in order to save the Yue family troupe, she finally agreed to the theater owner to perform on the same stage with Guan and Meng. From then on, in the prosperous Shanghai, a story about revenge and conspiracy began... The film was directed by the well-known musician Gao Xiaosong.