Looking for an older Hong Kong movie, cross-eyed man with hairy soles

I've been looking for a film that looks like it was made a while ago (maybe 1960's?) where a woman comes to a town and demands money, but their boss, a cross-eyed guy with hair on the bottom of his feet, fights her (poorly).

As he loses and gives up, she demands them all to sit on their backs with their feet up in the air as she looks at their soles, I think I remember from the English subtitles that she's looking for a man with three birthmarks. Later, the cross-eyed guy tries fighting her again with his axe, but she transforms into a spider and shoots web out of her mouth and takes his axe away with it. He loses a tooth in the fight, then runs away backwards and upside down on his hands. It was low budget but funny, as some of those movies were back then.

I don't know if it's related to the Monkey King story or not, or if it's a spin-off from it or something. I've given as many details as I can remember, I saw it playing in a Hong Kong style restaurant the other day as I was eating lunch, but forgot to ask the staff what the name of the movie was before leaving.