Police have arrested three more suspects in the attack on a South Asian man in Yau Ma Tei on Sunday when officers fired four shots.
Investigators said all five suspects now in custody and their victim are Nepalese.
One suspect is at large.
The dawn attack happened in Parkers Street and Ning Po Street.
Two officers opened fire after the suspects ignored verbal warnings and continued to attack the victim with knives and machetes.
Two of the suspects were hit and both were arrested.
The three new suspects, aged 18, 26 and 29 and all Hong Kong-born, were arrested as they walked into the Yau Ma Tei police station Tuesday to report for an unrelated offense — possession of offensive weapons.
They were identified from video footage as belonging to the same gang involved in Sunday’s attack,
Bloodstained clothes were later found in their flats.
Police said the attack might have been motivated by a business rivalry. Investigations are continuing.
Meanwhile, the two suspects who sustained gunshot wounds missed their first court appearance after their condition worsened.
They are facing charges of inflicting bodily harm with intent.
The judge adjourned the case until Friday.
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