Starring in numerous singing films, Zhou Xuan was one of the most beloved singers in both cinema and recording industries for her 'golden voice'. Popular nightclub singer Zhu Lan (Zhou) is originally in love with impoverished painter Fang Zhiwei (Gu Yelu), but is taken advantage of by rich playboy Ye Chunhua (Wang Hao) at her most vulnerable time. To add to her misfortune, Zhu discovers her being an adoptee. She also learns the heartbreaking truth about her birth parents which intertwines with her own life across generations. Eventually, irreversible tragedy awaits with revenge exacted for past wrongs. In a case of art imitating life, the songstress's life and upbringing resemble Zhou Xuan's own, making the film even more heart-wrenching. The 'Song Fairy' Chen Gexin composed the film's entire music with six songs sung by Zhou. 'Song of a Songstress', sung towards the end of the film, adds poignancy to the film with its discourse on the joy and sorrow in life.

A sick king instructs his loyal minister Luo Zhengqing to guide and install the crown prince as king after his death. However, the minister of the army, Situ Yangming, makes a grab for power after the King's death and incarcerates the crown prince. Luo's daughter disguises herself as the male bandit Robin Hood, robbing government offices to help the poor. Meanwhile, Situ orders captain of the imperial guards, Zhang Zhonggeng, to kill the crown prince. Zhang is a loyalist and conspires with Lady Robin Hood to save the crown prince. When Situ discovers that the prince has escaped, he falsifies the late King's will and has himself crowned as king. However, the female Robin Hood has stolen the original will. The female Robin Hood kills Situ and installs the crown prince as the ruler.