Once you've seriously wounded Sao Feng, a new cut-scene is going to be displayed on your screen (#1). Thankfully, you won't have to press any keys here. After that, you will resume the fight in a new section of the map. This is going to be the final phase of this battle. I wouldn't recommend changing anything. Keep blocking Sao Feng's moves. You will have to wait for one of his slower attacks. You could also use an interactive object to wound him (#2), however it's considered to be quite risky. If successful, Sao Feng would lose additional 50 health points.
Once you've defeated Sao Feng, you will have to wait for two additional cut-scenes. The second cut-scene is going to be more important than the first one. Sao Feng's ship is going to be attacked (#1). As a result, you will have to participate in new battles. Wait for the game to transport you to the deck of this ship (#2). Don't worry about the first explosion, however you will have to avoid other explosions. They will occur in the near future.
Ignore your opponents for the time being. You will have to destroy one of the nearby crates. This object will contain a third pendant (#1). Pick it up. Go left and start attacking the monsters. You should leave this area of the main deck (#2). You'll find out why in just a few seconds.
You should witness a new animation very soon (#1). As it turns out, the crew of the Flying Dutchman is getting ready to fire. This means you will have about 2-3 seconds to take cover. You will have to be standing in one of the orange spots (#2), because the rest of the ship is going to be destroyed and you would probably die as a result of one of the explosions. Leave the cover, however you should remain near it. You won't have to kill all monsters. Instead, focus mostly on blocking their attacks.
You will have to hide at least two more times. As a result, you won't be allowed to focus all of your attention on the monsters (#1). Staying near potential orange spots is going to be more important. Once the animations has been displayed, run to a designated area. Once you've completed this section, you will find yourself standing in a new location (#2).
Start off by destroying some of the nearby crates (#1). You won't find any pendants here, however the crates will contain gold pouches. Nevertheless, you should be able to collect enough gold by now, so you may ignore these objects as well. You will have to take care of a larger group of monsters (#2). This is going to be a slightly more difficult fight, because Elizabeth has weak attacks. Choose your targets carefully and use the block feature from time to time.
Once you've killed all monsters, you will have to go back to the left wall of this room. You should be able to see a glowing spot here. Stand on it and press the action key (#1). It's time for a short cut-scene. Once it's over, head over to a new room (#2).
Once again, you will have to kill all monsters in order to be able to proceed to the next part of this mission. Head on to the right room. Destroy all nearby crates. This will allow you to pick up fourth pendant (#1). Once you've taken it, attack the monsters (#2). Just as before, this is going to be a long and challenging battle. You will have to use the block option frequently in order not to lose too much health points.
You will have to make sure that you've killed all creatures. Turn right and start moving forward. You will come across several other crates (#1). Destroy them and use the stairs. Now you will have to move left in order to get rid of the final group of enemy units (#2). This is a small room, so you will have to be very careful, especially when you'll be attacking larger groups of monsters. Exit the room. The game will display a cut-scene and this mission is going to end.
You've fought a boss character during the course of this mission, so you'll be able to participate in a Dueling challenge. There are also three standard challenges for you to accomplish.