In Shanghai, Ka-Kui is introduced to the military police force's Interpol director, Jessica Yang (Michelle Yeoh), who briefs him on...
En route to Hong Kong, Ka-Kui, along with Panther and his men pass through the supposed home-village of Ka-Kui's undercover role. Panther insists that Ka-Kui visit his family there. Realizing he does not actually know anyone in the village, Ka-Kui is apprehensive but is pleasantly relieved to be greeted by undercover military police posing as his family, with Yang as his sister. After a fight with other police officers at a restaurant, Yang and the Chinese military police help them win Panther's trust by faking the murder of a policeman.
In Hong Kong, Ka-Kui, Yang and Panther go to Chaibat's luxurious hide out. Ka-Kui and Yang succeed in winning Chaibat's trust, especially after helping his men destroy a fortified drug production lab in Thailand, somewhere in the Golden Triangle, when Chaibat betrays a number of other drug lords who are conducting a heroin deal with him.
The action then shifts to Kuala Lumpur, Malaysia, where Chaibat's wife, Chen Wen-Shi is being held in prison and facing the death penalty for an unspecified crime. However, Chaibat needs to keep her alive because she knows the secret codes to his Swiss bank account and will not reveal them to anyone but him.
More difficulties arise when Ka-Kui runs into his girlfriend May at a Malaysian resort hotel during an undercover mission. She confronts Ka-Kui, and the situation turns into a misunderstanding with Panther believing that Ka-Kui was trying to proposition a prostitute. Later, Ka-Kui is able to corner May and explain the situation, and she finally calms down. At one point, May even manages to keep Ka-Kui from inadvertently blowing his own cover. But then, in an elevator May tells a co-worker about Ka-Kui,and one of Panther's men overhears her. May is taken hostage, and Ka-Kui and Yang – their cover now blown – are forced to help Chaibat free Chen.
Chaibat's scheme is successful and May is released, as per their agreement. However, the exchange turns sour when Chaibat pushes May from his helicopter. Furious, Ka-Kui and Yang refuse to let Chaibat and his men escape. An elaborate stunt-filled action sequence begins that covers the roads, rooftops (where Ka-Kui and Yang manage to defeat Panther and his partner), and skies of Kuala Lumpur, finally reaching its climax aboard a speeding train, where Chaibat is killed after his helicopter collides with a bridge and lands on him. Yang and Ka-Kui finally succeed in apprehending Chen. Since her husband is dead, she decides to tell Yang and Ka-Kui the password to Chaibat's bank account and the two partners get into an argument over whether Hong Kong or China will take possession of it.
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