Sounds great Satanika!
I can't believe how much work you've already put into just this restoration. Especially if you're serious about a series of releases called The Monkey King Fan Project.
You clearly love these films a great deal. While I was lucky enough to have seen the first film in a theatre when I was young, it's a real shame that they've pretty much been lost since then (I had no idea there were sequels). I hope your passion will bring greater attention to these genuine masterpieces of animation that they really deserve.
Best of luck on hitting that first deadline!