A complex-valued Hopfield neural network (CHNN) with a multistate activation function is a multistate model of neural associative memory. The weight parameters need a lot of memory resources. Twin-multistate activation functions were introduced to quaternion- and bicomplex-valued Hopfield neural networks. Since their architectures are much more complicated than that of CHNN, the architecture should be simplified. In this work, the number of weight parameters is reduced by bicomplex projection rule for CHNNs, which is given by the decomposition of bicomplex-valued Hopfield neural networks. Computer simulations support that the noise tolerance of CHNN with a bicomplex projection rule is equal to or even better than that of quaternion- and bicomplex-valued Hopfield neural networks. By computer simulations, we find that the projection rule for hyperbolic-valued Hopfield neural networks in synchronous mode maintains a high noise tolerance.