The movie spurred just the one sequel which was made and released around five years later. They Still Call Me Bruce (1987) was not successful commercially and went straight to video in a number of territories.
The character of "Bruce" is only ever known by his lookalike name and is never referred to by his real personal name. Similary, nor is there a personal name ever given for the godfather character known as "The Boss of Bosses".
One of this Bruce Lee spoof movie's English titles was "A Fistful of Chopsticks" which was very similar to the title of the half-hour Bruce Lee spoof segment in The Kentucky Fried Movie (1977) which was called "A Fistful of Yen".