The film, which has the working title Invisible Target, follows three police officers, driven by different motives, who join forces to defeat the head of a band of thieves called the Ronin Gang. Andy On and Beijing-born wushu champion Wu Jing have also joined the cast.
Chan has recently directed a string of action hits including last year's Rob-B-Hood and New Policy Story (2004), both starring Jackie Chan. His latest project is currently in production and scheduled for delivery in June 2007.
Meanwhile, Universe will also be offering new solo projects from leading horror directors Danny and Oxide Pang at the EFM.
Danny Pang's $3m romance horror Dying Lover, set to star Shawn Yue and Rain Li, is currently in pre-production and scheduled for delivery in Nov 2007.
Oxide Pang's $3.5m crime thriller, The Photo, stars Aaron Kwok as a private detective who gets involved in a series of suicides while searching for a missing woman. Also in pre-production, the film is scheduled for delivery in September.
Universe's EFM slate also includes Johnnie To-produced cop drama Tactical Unit starring Simon Yam, Lam Suet and Maggie Siu.