Andy Lau and rising Asian-American actress Maggie Q (Mission: Impossible III) will star in Three Kingdoms: Resurrection of the Dragon, a big-budget historical action movie being put together as a pan-Asian co-production, according to Variety.

Lau, who is honored this week as Asian Filmmaker of the Year, and Q, currently filming Live Free or Die Hard opposite Bruce Willis in Canada, will present Three Kingdoms: Resurrection of the Dragon to media in Pusan Sunday.

Daniel Lee (Dragon Squad, One Armed Swordsman) will direct with Sammo Hung (Martial Law) on board as action choreographer.

With a budget approaching $25 million, the film will shoot in China from March 2007.

The project is based on Romance of the Three Kingdoms a vast 600-year-old novel by Luo Guangzhong that ranks as one of China's four most important pieces of literature, and also provided source material for John Woo's upcoming "Battle of Red Cliff."

For some scenes, the film will use 40,000 extras, twice that of Lord of the Rings.