On September 5, 2023, George Economou announced that on September 4, 2023 he has delivered a letter to the board of directors of the Performance Shipping Inc. that the Company?s director Andreas Nikolaos Michalopoulos indirectly acquired Series C Preferred Shares in the 2022 exchange offer alongside Chairperson Aliki Paliou and demands that the board of directors of the Company: 1) investigate the reasons (i) why Andreas Michalopoulos?s initial Schedule 13D appears to have been filed almost 6 months late, (ii) why Aliki Paliou?s initial Schedule 13D and recent Schedule 13D amendment were both filed more than 2 months late, (iii) why no Schedule 13D disclosures were made by either of them in connection with the 2022 Exchange Offer, and (iv) how Aliki Paliou and Andreas Michalopoulos believe they can take the position that they are not a ?group? for purposes of Section 13(d)(3) of the Exchange Act or Rule 13d-3 promulgated thereunder; and 2) provide the market with an explanation behind the increase from 10,910,319 Common Shares to 11,309,236 Common Shares outstanding during the last two weeks of August and confirm that this increase was not a result of further insider transactions.