Zu Warriors from the Magic Mountain (1983)
Zu Warriors from the Magic Mountain is a 1983 Hong Kong supernatural fantasy film directed by Tsui Hark, who attempts to combine Hong Kong action cinema with Western special effects technology. The film was nominated for five Hong Kong Film Awards in 1984 (Best Action Choreography - Corey Yuen, Best Actress - Brigitte Lin, Best Art Direction - William Chang, Best Film Editing - Peter Cheung and Best Picture).
More at Wikipedia.