A very unsatisfying sequel to the wonderful "Heroic Trio." The movie is dark and quite frankly very depressing. Three of the most likable major characters die horribly. Defeat and darkness seem to be the major themes here. There are also other problems; the villain is unbelievably silly, even by HK action movie standards. Master Kim, the villain, spends much of his time in the movie talking to a severed head. Michelle Yeoh is barely in the movie, and much of Anita Mui's screentime is limited to domestic scenes with her husband, who apparently has forbidden her to be Wonder Woman now that she has a child. Maggie Cheung has to carry a lot of the plot (such as it is) as a result, and she's definitely not up to the task in this movie. Instead of appearing scrappy and self-reliant, as in Heroic Trio, her character in "Executioners" comes off as shrill, mean-spirited, and not very bright.
But I don't know if anyone could have worked with this ruin of a plot. Even by HK action standards, the plot is lacking. Several of the most interesting plot threads that began in Heroic Trio (the fact that Wonder Woman and Invisible Girl are sisters, for example) are dropped completely or handled poorly in this movie. The characters are denied the depth and humanity they could have had. The actresses (for the most part) do the best they can with the script (except for Cheung, who really is not very likable here), but the overall pessimism and ugliness eventually overwhelms them - and everyone else in the movie.
Overall, this sequel is very disappointing. I can wholeheartedly recommend "Heroic Trio," but not this movie. Fans of the first film would be well advised to give this one a pass. There's really nothing to recommend this depressing, sludgy mess.