Nominally a sequel to "Come Drink with Me," this film does bring back Cheng Pei-pei as the title swordswoman Golden Swallow...but, aside from that, it bears little apparent resemblance to King Hu's 1966 classic. "Golden Swallow" was one of those learning-as-you-go films for Chang Cheh, who went on to become the elder statesman of Hong Kong martial arts cinema. Chang hadn't quite realized his vision, but was finding his way.
Wang Yu plays a thoroughly unlikable antihero, Silver Roc, who's out for revenge against the murderer of his parents. (Or his teacher. Or something.) Golden Swallow and another woman are in love with Silver Roc; an upstanding warrior called Iron Whip (Lo Lieh) has the hots for Golden Swallow, but can see that he's losing out to Silver Roc. Yang Chih-ching (Wang Yu's nemesis from the previous year's hit "The One-Armed Swordsman") portrays the lead villain, Poison Dragon. With smoother choreography, the limitations of the dreary soap opera-style plot might have been easier to overlook, but the scenes of combat prove unsatisfactory. There are lots of fights, certainly, but they're awkwardly choreographed and filmed. Chang Cheh knew that he wanted to create long, bloody fight scenes with a lone hero facing virtually impossible odds, and from here on out he began to fine-tune his approach. Beginning with "The Return of the One-Armed Swordsman" (1969), the fights got better and better.
"Golden Swallow" was filmed in Japan, and the film's gorgeous outdoor photography may be its strongest feature. It's a necessary step in the development of Chang Cheh's directorial style, but will be of interest primarily to Wang Yu/Shaw Brothers completists.