All the latest from the Crazy Rich Asians Singapore red carpet

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The movie adaption of his bestseller, which focuses on the glamorous world of Singapore's super-rich, was released in the United States last week and has been hailed as a watershed for Hollywood diversity due to its mostly Asian cast. There it earned $34 million in its opening five days.

Crazy Rich Asians is in USA cinemas now and opens on August 23 in Hong Kong. Although the second film has not been officially greenlit, it is presumed that Chu will dive into it immediately following In the Heights.

According to Singapore newspaper The Straits Times, Kwan grew up in Singapore but left the country at the age of 11 and now lives in the U.S. Penalties for those returning to Singapore without having completed NS include fines of up to S$10,000 ($7,314) and three years in prison. The story follows Chinese-American Rachel Chu as she travels with her boyfriend Nick Young to Singapore to meet his family and discovers they are ultra-wealthy. Plus, Rachel and Nick still have to get married.

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The timing of the announcement is somewhat curious, just as Kwan is basking in the success of a ground-breaking hit in the US but it comes after Singaporean media approached Government officials for comment on Kwan's status. The large starring ensemble also includes Henry Golding, making his feature film debut, Sonoya Mizuno (La La Land), Chris Pang (Marco Polo), Jimmy O. Yang (Silicon Valley), comedian Ronny Chieng (The Daily Show), Remi Hii (Marco Polo), and Nico Santos (Superstore). The screenplay is by Peter Chiarelli and Adele Lim, based on the novel Crazy Rich Asians, by Kwan.

Pictures has given the OK to continue development on the Crazy Rich Asians sequel, "with plans to reunite the first movie's original team, including producers Nina Jacobson and Brad Simpson". It is set for release on August 17, 2018.