China, Republic of Taiwan. An Air Force "Pi Liang" Air Force Exemplary Service Medal, V Class

Three-piece construction, in bronze gilt with blue, white and red enamels, measuring 47 mm (w) x 47 mm (h), chipping evident in the blue enamels on the ray at 12 o'clock, original ribbon with pinback, near very fine.

Footnote: The Air Force Exemplary Service Medal was instituted on April 8, 1943 and awarded for good conduct, in five classes.