It seems that nothing is known for certain about this order. Even its official name.
Another Chinese award that uses the same base https://asiamedals.info/threads/heilongjiang-warlord-wu-junshen-medal.29390/.
In the center of the medallion two hieroglyphs
赤胆 - lit. Red Belly/Guts (idiom) [赤...
china warlords awards and decorations
chinese medal with golden lion
chineseorderofextremebraverychineseorderof golden lion
orderofextremebraveryorderof golden lion
北洋政府赤胆勳章
忠勇勳章
民国九年赤胆奖章
民国九年赤胆银质镶珐琅勋章
民国北洋时期(段祺瑞)赤胆奖章
民国北洋时期赤胆勋章
赤胆勳章
金狮勋章