IGN Filmforce reported the following....
Very reliable sources have just revealed to FilmForce that Li will appear in both Matrix sequels, which will soon shoot back-to-back in Australia. Matrix creators Larry and Andy Wachowski's affinity for Li's superhuman martial arts capabilities were quite evident in the first film -- in which Li did not even appear. As such, it's safe to assume the immensely talented performer will be well utilized in the movie's two follow-ups.