Slightly better than the original, but only by a small margin. The animation is a step up from the first one, then again there are 15 years between the two films, so it would've been really bad if that hadn't been the case. Apart from that, these films are pretty much on the same level.
The plot is extremely basic and hardly worth bothering with. Golgo isn't a very interesting character, neither is Queen Bee. They're just simple stereotypes who lack personality. You'd expect the action to make up for that in a film like this, but even the action scenes are very static and lifeless.
It just comes off as very cheap and derivative, with little to no redeeming qualities. At least the film is short and while it's clear corners were cut wherever possible, the animation shows at least a small glimpse of the talent hiding behind this film. That's not enough to make it an enjoyable experience though.