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Señorio de Aloha – Presidents Annual Report Dear Owners, INTRODUCTION. IF YOUR INTENTION IS TO VOTE DIRECTLY OR BY DELEGATION AT THE GENERAL ASSEMBLY, I REQUEST YOU REVIEW THE DELINQUENT PAYMENT LIST. THERE ARE A NUMBER OF OWNERS WHO MAY NOT BE AWARE THAT THEY OWE SMALL AMOUNTS. If you appear on this list you have until the morning of the Assembly to cancel the amount owed, and thus exercise your voting right in person or by delegation. An updated debt list will be available the same morning of the Assembly and will be used to verify which owners can exercise their voting rights. Participation in the AGM/EGM via Zoom, Teams, Skype…etc is only permitted in Catalonia, so it is necessary to hold the Assembly in person.

[Comprehensive report covering 2022 financial performance, administrator changes, infrastructure projects, security systems, utility costs, debtors and creditors, improvement plans, and community challenges…]

Key Topics Covered:

• 2022 Financial Status and Stability
• Actions Against Community by Previous Contractors (Multimalaga, Lawyers, Painting Company)
• Accounts Review and Creditor Management
• Debtor Recovery Efforts
• Security System Changes and Costs
• Utility Cost Management
• Community Fee Increases and Budget Control
• Infrastructure Improvement Plans
• Governance Committee and Property Modification Rules
• NAÔ Pool Club Issues
• Presidential Expenses

Respectfully, John Riley - President March 2023