It isn't immediately clear which Crouching Tiger, Hidden Dragon stars, if any, will reprise their roles for this follow-up. Director Ang Lee will not be a part of the project. The script is based on Silver Vase, Iron Knight, the fifth book in the Crane-Iron Pentalogy by Wang Du Lu. Crouching Tiger, Hidden Dragon was based on the fourth book in that series. Silver Vase, Iron Knight follows the Yu Shu Lien character portrayed by Michelle Yeoh in the original.
Harvey Weinstein is producing, with casting to begin in the near future.
Crouching Tiger, Hidden Dragon was released December 15th, 2000 and stars Chow Yun-Fat, Michelle Yeoh, Ziyi Zhang, Chen Chang, Sihung Lung, Pei-pei Cheng, Fa Zeng Li, Xian Gao. The film is directed by Ang Lee.