Chan, Lau to star in 'Shaolin' remake

$29.3 mil location shoot also stars Nicholas Tse, Fan Bingbing

BEIJING -- Jackie Chan and Andy Lau will star in "Shaolin," a 200 million yuan ($29.3 million) remake of the classic kung-fu film "Shaolin Temple," Emperor Motion Pictures, China Film Group and Huayi Bros. announced Thursday at the fabled shrine.

Directed by Benny Chan ("New Police Story"), the film also stars Hong Kong actor and pop star Nicholas Tse and Chinese actress Fan Bingbing. Corey Yuen ("Red Cliff," "The Transporter") will direct the action and choreograph the action for the film's stars and thousands of Shaolin acolyte extras.

“We felt that it was important not to rush into a film project just for the sake of making another film. It has taken us a long time to find the right partners who had all the right elements for something as monumental as this,” said Abbot Shi Yongxin, the chief monk and administrator for Shaolin Temple, in a statement.

Shooting on location at Shaolin Temple, in China's central Henan province, is expected to start end of 2009, with a slated release for late 2010.