Chinese multi-hyphenate Jiang Wen is preparing the sequel to “Let the Bullets Fly,” which took 700 million yuan ($134 million) at the local box office, and is in talks to reunite with Chow Yun-fat and Ge You for the pic.

The thesp and helmer, known chiefly for his arthouse movies “Devils on the Doorstep” and “The Sun Also Rises,” took the Chinese biz by storm last year with the $18 million action comedy, which was produced by China Film, Emperor Motion Pictures and Beijing Bu Yi Le Hu Film Co.

Jiang plans a six-pic franchise with Feng Xiaogang, China’s most bankable helmer, taking on directing duties for the second, fourth and sixth films while Jiang handles the third and fifth installments.

The budget for the sequel is expected to be bigger than the first part, and new thesps are also set to join the project.

“Let the Bullets Fly” was set in Sichuan during the 1920s when a bandit (Jiang) descends upon a town, posing as its new mayor.

Jiang has been location scouting in Shanghai, Nanjing and Guangdong and producer Ma Ke said shooting should start this year.”Bullets” ends with one of the characters heading to Shanghai by train, and the plan is to site the sequel in an “Old Shanghai” set, but he is reportedly not happy with the existing sets featuring period Shanghai, as they are too familiar from TV series and existing historical movies, so he may build his own set.