Featured Please help Identify this Piece of Horse Art

A friend gave this to me today. I am not sure what the horse is made of. It is very light weight. I know the horse is not metal. It measures 13" tall and 17" across. Any and all info is appreciated

 

Based on a famous Chinese figure:
http://en.chinaculture.org/classics/2013-02/26/content_453124.htm

 

A little decorative panel. It says "Flying Horse" to my eye.

Debora

 

Agree. The one bit does seem to say Flying Horse. Maybe a souvenir from China.

Apropos to nothing at all: When I've seen pictures of the figure in the past, it has always been called "Flying Horse": a horse poised on a swallow to symbolize flying. It's odd to me that the link I posted says "treading" on a swallow, which has a different connotation to my ear. I'll write it off to an unfortunate translation. So far as I know, the piece in the link is the source object for the panel.

 

I *knew* that looked familiar. Glad you ID'd it so quickly!

 

The panel looks like maybe it was once a lid to a wood box? Just saying..
Mikey