During the early years of the Republic of China era, Ming On Town's mayor, Tse Hung (Wang Lung-wei), raises a large sum of funds for disaster victims of Guangdong with renowned martial arts master Wong and his disciples in charge of transporting the funds up north.

Lively Dragon (Bryan Leung), a conman, sees a wanted notice posted and reports it to the yamen.

This reports leads police captain Yung and Master Wong to arrest wanted criminal Crazy Horse (Philip Ko).

Dragon and Horse later discover that someone set a trap causing them to become suspects for the stolen funds and the duo collaborates to investigate into the matter.

The film grossed HK$912,068.50 at the Hong Kong box office during its theatrical run from 6 to 12 November 1980.