MUMBAI: Chinese filmmaker Teddy Chen will co-produce and direct his next two films with Hong Kong-based Chinese entertainment company Celestial Pictures.

While the first film will be a remake of a classic title from the Shaw Brothers Film Library owned by Celestial Pictures, the second project will be a modern action film inspired by current events.

Both projects are currently under development. Comments Celestial Pictures senior VP Theatrical Distribution Peter Poon, "Celestial Pictures is thrilled to partner with Teddy Chen on his next two directorial projects. He is well-known among international audiences for thrilling and edgy action films and unique dramas.

"His vision and dedication to the highest quality filmmaking certainly places him in the company of the top global producers and directors of feature films. Following his enormous success with Bodyguards and Assassins, Celestial Pictures looks forward to collaborating with Teddy to bringing to life his next two films".

In addition to the two films, Celestial Pictures also announced that it has inked a multi-year agreement for the exclusive worldwide theatrical, television, mobile and new media distribution rights of The Enchanter the upcoming film from Chen‘s Sum-Wood Productions outside China.

The Enchanter will be directed by Derek Kwok Tsz-kin who recently won an HAF Award for a project originating in Hong Kong.