Shen wei bao dao (1970)

The righteous sword master Zhuang Qing of Tonghsan Martial Club wins the competition over a precious and powerful sabre, which is yet to be forged by the famous swordmaker Zhao. Before the sabre is forged, he unexpectedly loses his martial club to the stranger Meng Da in a duel. Humiliated and homeless, the designated Sabre-bearer goes astray and joins a gang of outlaws.