Complex sentence: He has regained his powers after losing them previously in the prequel novel, and continues to roam the "Jianghu" as a carefree old beggar and ventures in search of culinary delights.
Split into simpler sentences: He has regained his powers after losing them previously in the prequel novel. Hong continues to roam the "Jianghu" as a carefree old beggar and ventures in search of culinary delights.