The story takes place in a small fishing village in Shandong. Since the reform and opening-up, it has undergone tremendous changes and earned the nickname "Little Shenzhen of the North." Just as the local economy is booming, an executive at a well-known local company suddenly falls to his death. Rumors spread that a girl who was bullied to death has returned as a "woman in white" to seek revenge, throwing the whole city into a panic, especially the five people who once took part in bullying her. Before long, the young woman who owns a clothing shop, the second of those involved in the bullying, is frightened by the "woman in white" one night and dies of a sudden heart attack. The police form a special task force to investigate this supposed revenge case involving the "woman in white." As their investigation deepens, an old grudge comes to light.
What kind of bullying drove the girl to jump into the river and end her life? Is the "woman in white" who has returned for revenge the girl who was bullied to death? How will the police solve the mystery of the "woman in white" claiming lives? When will these old scores finally be settled?