Five renowned Chinese directors -- Stanley Kwan, Hark Tsui, Wong Kar-wai, Ann Hui and Stephen Chow -- are expected to announce their new film plans at the upcoming Cannes Film Festival in May.

The Shanghai Morning Post reports that an award-winning media service, J.A. Media, is planning to fund all these directors' new projects.

The total investment would reach several hundred million yuan, and Stanley Kwan's Bruce Lee biopic alone is expected to exceed 100 million yuan.

Also in the spotlight is Hong Kong director Hark Tsui's modern comedy with a Chinese name - literally translated as "Women Are Not Bad." A-list Chinese actresses like Zhou Xun, Zhao Wei and Xu Jinglei are top candidates for roles in the comedy.

Director Hark Tsui will invite top South Korean screenwriter Jae-young Kwak to write Chinese and South Korean versions of the movie.

Meanwhile, Wei Dashen, the general manager from the Star Overseas Film Company told Shanghai Morning Post that Stephen Chow cannot attend Cannes this year. However, his partner, director Stephen Fung will attend the festival, announcing a new movie plan.