Jason Blade and his partner are two of a select group of Westerners permitted to join the legendary Panther School of Martial Arts. Intercepting a Triad drug ring while on a stakeout in Hong Kong, Blade and Linda cross the path of Jim Baxter, Australian right-hand man of drug boss Damien Zukor. Having learnt too much about Zukor, Linda pays with her life. Blade's revenge is slow and starts from the inside of Zukor's empire. He impresses the drug boss with his extraordinary fighting skills to the point that he decides to have him fight at his annual tournament of martial arts. Soon, however, Baxter uncovers Blade's indentity and consequently Zukor discovers Blade's true intentions.