<SEC-DOCUMENT>0001292814-24-002737.txt : 20240715
<SEC-HEADER>0001292814-24-002737.hdr.sgml : 20240715
<ACCEPTANCE-DATETIME>20240715092016
ACCESSION NUMBER:		0001292814-24-002737
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240331
FILED AS OF DATE:		20240715
DATE AS OF CHANGE:		20240715

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Zenvia Inc.
		CENTRAL INDEX KEY:			0001836934
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40628
		FILM NUMBER:		241115988

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA PAULISTA, 2300, 18TH FLOOR
		STREET 2:		SUITES 182 & 184
		CITY:			SAO PAULO, SAO PAULO
		STATE:			D5
		ZIP:			01310-300
		BUSINESS PHONE:		55 11 4837-7440

	MAIL ADDRESS:	
		STREET 1:		AVENIDA PAULISTA, 2300, 18TH FLOOR
		STREET 2:		SUITES 182 & 184
		CITY:			SAO PAULO, SAO PAULO
		STATE:			D5
		ZIP:			01310-300
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zenvpr1q24_6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of July 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;Commission File Number 333-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Zenvia Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>N/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Avenida Paulista, 2300, 18th Floor, Suites 182 and
184</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>S&atilde;o Paulo, S&atilde;o Paulo, 01310-300</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Brazil</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(</B>Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Form
20-F&nbsp;</FONT><FONT STYLE="font-family: Wingdings">x</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Form 40-F&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate by check
mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate by check
mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="text-align: center; font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt">&nbsp;</P>



<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"></P>

<P STYLE="font: 13pt Nunito Sans; margin: 0; text-align: center"><B>ZENVIA Reports Q1 2024 Results</B></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: center; text-indent: 4.5pt"><I></I></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: center; text-indent: 4.5pt"><I>Normalized EBITDA of BRL 23.5 million </I></P>
<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: center; text-indent: 4.5pt"><I></I></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: center; text-indent: 4.5pt"><I>Strict cost control led G&amp;A as % of revenues
to 14.7% in Q1 24 from 17.6% in Q1 23</I></P>

<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>S&atilde;o Paulo, July <FONT STYLE="background-color: white">15,</FONT>
2024</B> &#8211; Zenvia Inc. (NASDAQ: ZENV), the leading cloud-based CX solution in Latin America empowering companies to craft personal,
engaging and fluid experiences throughout the customer journey, today reported its operational and financial metrics for the first quarter
of 2024.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>Cassio Bobsin, Founder &amp; CEO of ZENVIA, said</B>: &#8220;The
highlight of this first quarter of 2024 was the soft launch of Zenvia Customer Cloud for select clients. This platform represents the
future of our CX SaaS solutions and fulfills the plan outlined three years ago, in our IPO. Zenvia Customer Cloud is a unified multichannel
solution that empowers B2C companies to sell more and serve better with full automation, integration and communication across the customer
journey. With this solution fully deployed, we will be ready to unlock solid and profitable growth while gaining actionable insights about
our customers with AI-enabled automation, boosting productivity for the whole journey.&#8221;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>Shay Chor, CFO &amp; IRO of ZENVIA, said: </B>&ldquo;Our first quarter
2024 results came in line with our expectations, with a combination of revenue growth and strict expense control that resulted in an EBITDA
of BRL 23.5 million, allowing us to reaffirm our BRL 120 million to BRL 140 million guidance for 2024. Following our recent capital raise
and debt refinance, which brought us closer to achieving an optimal capital structure to support our strategic objectives while maximizing
shareholder value, we are now planning to finalize integrations, deliver growth and keep deleveraging the business. We appreciate your
continued trust and support as we move ahead, committed to building a profitable and exciting future for Zenvia.&rdquo;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 61%; border-right: white 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white"><B>Key Financial Metrics (BRL MM and %)</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: white 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white"><B>Q1 2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: white 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white"><B>Q1 2023</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white"><B>YoY</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Total Active Customers<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">13,257</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">13,292</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-0.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Revenues </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">212.6</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">179.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">18.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Gross Profit </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">80.9</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">78.9</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">2.4%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Gross Margin</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">38.0%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">44.1%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-6.1p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Non-GAAP Adjusted Gross Profit<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">93.6</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">92.5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">1.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Non-GAAP Adjusted Gross Margin<SUP>(3)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">44.0%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">51.6%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-7.6p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Operating Loss (EBIT) </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-9.4</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-12.3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-23.9%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Adjusted EBITDA<SUP>(4)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">13.4</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">7.8</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">71.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Normalized EBITDA<SUP>(5)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">23.5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">7.8</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">200.2%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Loss for the Period </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">(55.9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">(16.8)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">n.m.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Cash Balance </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">71.5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">159.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">-55.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt"><B>Net cash flow from (used in) operating activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">(12.9)</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">99.6</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt">n.m.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans">We define an Active Customer as an account (based on a corporate
taxpayer registration number) at the end of any period that was the source of any amount of revenue for us in the preceding three months.
We classify a customer from which we generated no revenue in the preceding three months as an Inactive Customer.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans">For a reconciliation of our Non-GAAP Gross Profit to Gross Profit,
see Selected Financial Data section below.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans">We calculate Non-GAAP Gross Margin as Non-GAAP Gross Profit divided
by revenue.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans">For a reconciliation of our Adjusted EBITDA to Loss for the Period,
see Selected Financial Data section below.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans">(5)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans">For a reconciliation of our Normalized EBITDA to Loss for the Period,
see Selected Financial Data section below.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify"><B>Highlights Q1 2024</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Revenues totaled BRL 212.6 million, up 18.8% when
compared to BRL 179.0 million in Q1 2023 as a result of both SaaS (+12% YoY) and CPaaS (+23%) expansion. CPaaS expanded SMS volumes mainly
with large enterprises, while SaaS saw growth from
both SMBs and large enterprises, with a stronger participation from the latter.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;<IMG SRC="zenvpr1q246k_001.jpg" ALT=""></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 3pt 9pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Non-GAAP Adjusted Gross Profit of BRL 93.6 million
was up 1.3% YoY while Non-GAAP Adjusted Gross Margin was down 7.6 percentage points to the expected level of 44.0% YoY as highlighted
in our guidance for 2024. This decrease is due to:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Higher mix of CPaaS in the period, mainly from
large enterprises with lower margins; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Lower SaaS margins, which also grew in large enterprises
with lower margins, combined with an increase in infrastructure costs related to the final phase of integration of acquired companies.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Total number of active customers remained unchanged
at 13.3k, being 7.1k from SaaS and <FONT STYLE="background-color: white">6.5k</FONT> from CPaaS.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Normalized EBITDA was positive BRL 23.5 million in the quarter, up 200.2% from Q1 2023, benefited by
higher revenues and expense control.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">On March 11, 2024, we soft launched Zenvia Customer
Cloud for select clients. The platform will be rolled out to the whole client base throughout the year. Zenvia Customer Cloud is a unified,
multichannel solution that centralizes and stores customer data, facilitating management, communication, and relationship building with
end consumers, enabling companies to manage and provide personalized, engaging, and seamless experiences across the customer journey.
</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><B>Subsequent Events</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">By the end of April 2024, Zenvia raised R$ 40
million in additional funding with local Brazilian banks, following the liabilities management announced in February.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">On May 2, 2024, Zenvia announced the hiring of
Mr. Gilsinei (Gil) Hansen for the newly-created role of Chief Revenue Officer (CRO), reporting to Cassio Bobsin. The new role was created
to consolidate the current segments into one single Business area which will be responsible for the entire customer journey. The new area
will be organized by customer profile/segment instead of by solution/product, with a focus on strengthening the Company&#8217;s integrated
offering, improving experiences for all customers, and driving profitable growth. Mr. Hansen will also oversee two important growth initiatives:
the rollout of Zenvia Customer Cloud and the Company's international expansion. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Noto Sans Symbols; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">On June 20, 2024, Zenvia launched its Generative
AI Chatbot. A game-changing solution that revolutionizes chatbot development, making it as simple and intuitive as a personal interaction
and accessible to businesses of all sizes looking to improve and automate customer service. Key highlights include easy customization
and efficient integration with multiple communication channels, ensuring a superior solution for all customer needs.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify"><B>SaaS Business</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 67%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>SaaS Key Operational &amp; Financial Metrics (BRL MM and %)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: white 1.5pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q1 2024</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: white 1.5pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q1 2023</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: white 1.5pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>YoY</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Revenues </FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">76.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">68.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">12.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Gross Profit </FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">30.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">32.9</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-7.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Gross Margin</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">39.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">48.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-8.2p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Non-GAAP Adjusted Gross Profit <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">43.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">46.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-6.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Non-GAAP Adjusted Gross Margin<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">56.4%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">67.7%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-11.3p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Total Active Customers<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">7,139</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,446</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">10.8%</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.6pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">For a reconciliation of
the Non-GAAP Adjusted Gross Profit of our SaaS business segment to Gross Profit of our SaaS business segment, see Selected Financial Data
section below.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.6pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">We calculate Non-GAAP Adjusted
Gross Margin of our SaaS business segment as Non-GAAP Gross Profit of our SaaS business segment divided by revenue of our SaaS business
segment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(3)</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.6pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">We define an Active Customer
as an account (based on a corporate taxpayer registration number) at the end of any period that was the source of any amount of revenue
for us in the preceding three months. We classify a customer from which we generated no revenue in the preceding three months as an Inactive
Customer.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>
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<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">In Q1 2024, our SaaS business Revenue went up 12.1% YoY to BRL 76.8
million, compared to BRL 68.6 million in Q1 2023. The client base increased by 11%. SaaS saw growth from both SMBs and large enterprises,
with a stronger participation from the latter.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">As a result, Q1 2024 Non-GAAP Adjusted Gross Profit was down 6.6% YoY
to BRL 43.4 million from BRL 46.4 million. The increase in revenues mainly from large enterprises that carry lower margins, coupled with
an increase in infrastructure costs related to the final phase of integration of the acquired companies, and our expansion plans, resulted
in lower Non-GAAP Adjusted Gross Margin from SaaS, down 11.3 percentage points YoY to 56.4%, reaching our expected target margin for Sa<FONT STYLE="background-color: white">aS
for the period</FONT>.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify"><B>CPaaS Business</B></P>

<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 67%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>CPaaS Key Operational &amp; Financial Metrics (BRL MM and %)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: white 1.5pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q1 2024</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: white 1.5pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q1 2023</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: white 1.5pt solid; border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>YoY</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Revenues </FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">135.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">110.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">23.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Non-GAAP Adjusted Gross Profit <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">50.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">46.0</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">9.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Non-GAAP Adjusted Gross Margin<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">37.0%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">41.7%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-4.7p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">Total Active Customers<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,458</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">7,358</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-12.2%</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.1pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">For a reconciliation of
the Non-GAAP Adjusted Gross Profit of our CPaaS business segment to Gross Profit of our CPaaS business segment, see Selected Financial
Data section below.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.1pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">We calculate Non-GAAP Adjusted
Gross Margin of our CPaaS business segment as Non-GAAP Gross Profit of our CPaaS business segment divided by revenue of our CPaaS business
segment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(3)</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.1pt"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">We define an active customer
as an account (based on a corporate taxpayer registration number) at the end of any period that was the source of any amount of revenue
for us in the preceding three months. We classify a customer from which we generated no revenue in the preceding three months as an inactive
customer.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Nunito Sans; margin: 0 0 0 4.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">Our CPaaS business reported Net Revenues of BRL 135.8 million in Q1
2024, up 23.0% YoY, while Non-GAAP Gross Profit increased 9.3% YoY to BRL 50.3 million from BRL 46.0 million. Non-GAAP Gross Margin reached
37.0% to our expected target margins, compared to 41.7% mainly due to the higher concentration of large enterprises in the revenue mix.
We were able to maintain the SMS volumes recovered from certain large clients in H2 2023.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><B>Consolidated Financial Results</B></P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0"><B>Revenue </B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">Consolidated revenues in Q1 2024
totaled BRL 212.6 million, up 18.8% YoY, mainly reflecting the 23.0% increase in CPaaS and 12.0% in SaaS.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>Profitability</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">Our Non-GAAP Adjusted Gross Profit
increased 1.3% YoY in Q1 2024 to BRL 93.6 million, mainly reflecting the 9.3% increase in CPaaS Non-GAAP Adjusted Gross Profit, which
has lower margins than SaaS, and which was offset by the decrease in SaaS Non-GAAP Adjusted Gross Profit. Non-GAAP Adjusted Gross Margin
went down by 7.6 p.p. to 44.0% in Q1 2024 from 51.6% in Q1 2023, reflecting the higher CPaaS participation in the revenue mix, from 61.7%
in Q1 2023 to 63.9% in Q1 2024 and the lower margins in SaaS, as it expanded more with large enterprise customers. The 44.0% margin level
is within our guidance range for 2024.</FONT></P>
<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">Adjusted EBITDA in Q1 2024 was
positive BRL 13.4 million, compared to BRL 7.8 million in Q1 2023. The 71.6% increase is mainly due to higher revenues and stricter expense
control. Additionally, our Adjusted EBITDA included earn-out expenses of R$10.1 million, related to the last renegotiations of earn-out
payments, without cash impact for Q1 2024. Our Normalized EBITDA, which excludes the earn-out expenses impact, totaled R$23.5 million,
up 200.2% YoY. </FONT></P>



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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;<IMG SRC="zenvpr1q246k_001.jpg" ALT=""></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0"><B>Reiterating FY 2024 Guidance</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: white">
    <TD STYLE="width: 50%; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>FY 2024 Guidance</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Revenue </B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>BRL$930 - $970 million</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y/Y Growth</I></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><I>15% - 20%</I></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Non-GAAP Adjusted Gross Margin</B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>42% - 45%</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Normalized EBITDA </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>BRL$120 - $140 million</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>Conference Call</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">In the following week, the Company will upload the presentation and
pre-recorded remarks to its investor relations website. The IR team will be available for any questions.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">Additional information regarding Zenvia can be found at <FONT STYLE="text-decoration: underline; color: rgb(17,85,204)">https://investors.zenvia.com</FONT>.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>Contacts</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%; padding: 5pt 3.5pt">
    <P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify"><B>Investor Relations</B></P>
    <P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">Caio Figueiredo</P>
    <P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">Fernando Schneider</P>
    <P STYLE="text-decoration: underline; font: 9pt Nunito Sans; margin: 0; text-align: justify; color: Blue">ir@zenvia.com</P></TD>
    <TD STYLE="width: 79%; padding: 5pt 3.5pt">
    <P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Media Relations &#8211; </B></FONT><B><FONT STYLE="font-size: 9pt">FG-IR</FONT></B></P>
    <P STYLE="font: 9pt Nunito Sans; margin: 0">Fabiane Goldstein &#8211; (954) 625-4793 &#8211; <FONT STYLE="text-decoration: underline; color: rgb(4,50,255)">fabi@fg-ir.com</FONT></P>
    <P STYLE="font: 9pt Nunito Sans; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Nunito Sans; margin: 0">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Nunito Sans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0"><B>About ZENVIA</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: justify">Zenvia (NASDAQ: ZENV) is a technology company dedicated to creating
a new world of experiences. It focuses on enabling companies to create personalized, engaging and fluid experiences across the entire
customer journey, all through its unified, multi-channel customer cloud solution. Boasting two decades of industry expertise, over 13,000
customers and operations throughout Latin America, Zenvia enables businesses of all segments to amplify brand presence, escalate sales,
and elevate customer support, generating operational efficiency, productivity and results, all in one place. To learn more and get the
latest updates, visit our website and follow our social media profiles on LinkedIn, Instagram, TikTok and YouTube.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 14pt; text-align: justify">The preliminary fourth quarter and full year operating results
set forth above are based solely on currently available information, which is subject to change. These preliminary operating results constitute
forward-looking statements within the meaning of the &quot;safe harbor&quot; provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates,
forecasts, and projections, as well as the beliefs and assumptions of management. Words such as &quot;expect,&quot; &quot;anticipate,&quot;
&quot;should,&quot; &quot;believe,&quot; &quot;hope,&quot; &quot;target,&quot; &quot;project,&quot; &quot;goals,&quot; &quot;estimate,&quot;
&quot;potential,&quot; &quot;predict,&quot; &quot;may,&quot; &quot;will,&quot; &quot;might,&quot; &quot;could,&quot; &quot;intend,&quot;
variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking
statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Zenvia&#8217;s
control. Zenvia&#8217;s actual results could differ materially from those stated or implied in forward-looking statements due to several
factors, including but not limited to: our ability to innovate and respond to technological advances, changing market needs and customer
demands, our ability to successfully acquire new businesses as customers, acquire customers in new industry verticals and appropriately manage international expansion,
substantial and increasing competition in our market, compliance with applicable regulatory and legislative developments and regulations,
the dependence of our business on our relationship with certain service providers, among other factors.</P>


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<P STYLE="font: 10pt Nunito Sans; margin: 0 0 14pt; text-align: justify"></P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><FONT STYLE="background-color: white"><B>SELECTED FINANCIAL DATA </B></FONT></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">The following selected financial information are preliminary, unaudited
and are based on management's initial review of operations for the first quarter of 2024.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><B>INCOME STATEMENT</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: white 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Q1</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2024</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2023</B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Variation</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>(non-audited)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>(restated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(%)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Revenue </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212,636 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">179,047</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">18.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Cost of services&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(131,779)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(100,098)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">31.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,857 </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>78,949</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>2.4%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Selling and marketing expenses </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,359)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(27,442)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-0.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">General and Administrative expenses </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,270)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(31,447)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-0.6%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Research and development expenses </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,796)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(14,004)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">5.7%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Allowance for expected credit losses </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,431)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(18,269)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-70.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Other income and expenses, net </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,353)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(83)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">n.m.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Operating loss</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,352)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>(12,296)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>-23.9%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Financial expenses</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(65,487)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(18,724)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">249.7%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Finance income </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,283 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">2,625</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">101.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Financial expenses, net</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60,204)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>(16,099)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>274.0%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Loss before taxes</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(69,556)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>(28,395)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>145.0%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Deferred income tax and social contribution </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,083 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">11,846</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">35.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Current income tax and social contribution </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,420)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(218)</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1010.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Loss for the period</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55,893)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>(16,767)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>233.4%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Loss for the period attributable to Owners of the Company</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56,011)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>(16,839)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>232.6%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Non-controlling interests</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>72</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>63.9%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Nunito Sans; margin: 0"><B></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: center; width: 90%">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Nunito Sans">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="text-align: center"><P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: right">Earnings Release | <B>Q1 2024</B></P></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;<IMG SRC="zenvpr1q246k_001.jpg" ALT=""></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><B>BALANCE SHEET</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 62%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>31-Dec-23</B></FONT></TD>
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>31-Mar-24</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>(audited)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>(non-audited)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Current assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>250,331</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;294,438</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">63,742</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">71,525</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">148,784</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">171,905</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Tax assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">28,058</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">34,983</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Prepayments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">5,571</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">9,063</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Other assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">4,176</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">6,962</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Non-current assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>1,461,233</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;1,469,158</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Restricted Cash</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">6,403</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">6,578</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Tax assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">12</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Prepayments </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,109</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">865</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Financial Investment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">14,413</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">14,518</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Intangible assets and goodwill</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,347,327</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,339,121</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Deferred Tax Assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">91,971</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">108,054</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;Other Assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">10</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">10</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Total assets</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>1,711,564</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;1,763,596</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>31-Dec-23</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>31-Mar-24</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>(audited)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>(non-audited)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607,374 </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585,153</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Loans, borrowings and Debentures</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">36,191</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">33,696</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Trade and other payables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">353,998</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">367,851</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Liabilities from acquisitions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">134,466</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">96,963</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">18,846</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">16,779</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Employee benefits</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">50,085</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">59,257</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">2,056</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">2,314</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Deferred revenue</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">11,547</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">8,156</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Taxes to be paid in installments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">185</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">137</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>215,243</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340,923 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Liabilities from acquisitions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">160,237</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">193,919</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Trade and other payables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Loans, borrowings and Debentures</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">51,605</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">59,844</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">752</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">2,004</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Provisions for tax, labor and civil risks</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,721</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,412</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Taxes to be paid in installments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">313</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">302</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Employee Benefits</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">615</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,036</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">82,406</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Equity</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>888,947</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837,520</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Capital</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">957,525</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">1,007,522</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Reserves</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">247,464</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">199,627</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Translation reserve</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">3,129</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">5,419</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Accumulated losses</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-319,591</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-375,602</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Other components of equity</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">283</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">283</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">137</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">271</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Total equity and liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>1,711,564</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,763,596 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Nunito Sans; margin: 0"><B></B></P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: center; width: 90%">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Nunito Sans">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="text-align: center"><P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: right">Earnings Release | <B>Q1 2024</B></P></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;<IMG SRC="zenvpr1q246k_001.jpg" ALT=""></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1.5pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Q1</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 69%; border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2024<BR>
(non-audited)</B></FONT></TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2023<BR>
(restated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Net cash from (used in) operating activities</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-12,865</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">99,560</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Net cash used in investing activities</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-12,429</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-2,703</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Net cash from (used in) financing activities</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,334</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-38,366</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Exchange rate change on cash and cash equivalents</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-257</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">288</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>7,783</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>58,779</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 21%; border-top: black 1pt solid; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 44%; border-top: black 1pt solid; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Interest</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 16%; border-top: black 1pt solid; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>December 31, 2023<BR>
(audited)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 19%; border-top: black 1pt solid; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>March <BR>
31, 2024<BR>
(non-audited)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD COLSPAN="4" STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Working capital </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">100% CDI+2.51% to 6.55%</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">69,667</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">76,161</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Debentures</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">18.16%</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">18,129</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">17,379</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>87,796</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;93,540</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: center; width: 90%">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Nunito Sans">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="text-align: center"><P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: right">Earnings Release | <B>Q1 2024</B></P></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;<IMG SRC="zenvpr1q246k_001.jpg" ALT=""></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><B>Special Note Regarding Non-GAAP Financial Measures</B></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">This press release presents certain Non-GAAP financial measures, which
are not recognized under IFRS, specifically Non-GAAP Adjusted Gross Profit, Non-GAAP Adjusted Gross Margin, Non-GAAP Adjusted Gross Profit
for our SaaS business segment, Non-GAAP Adjusted Gross Profit for our CPaaS business segment, Non-GAAP Adjusted Gross Margin for our SaaS
business segment, Non-GAAP Adjusted Gross Margin for our CPaaS business segment, Adjusted EBITDA and Normalized EBITDA. A Non-GAAP financial
measure is generally defined as one that purports to measure financial performance but excludes or includes amounts that would not be
so adjusted in the most comparable GAAP measure. Non-GAAP financial measures do not have standardized meanings and may not be directly
comparable to similarly-titled measures adopted by other companies. These Non-GAAP financial measures are used by our management for decision-making
purposes and to assess our financial and operating performance, generate future operating plans and make strategic decisions regarding
the allocation of capital. We also believe that the disclosure of our Non-GAAP Adjusted Gross Profit, Non-GAAP Adjusted Gross Margin,
Non-GAAP Adjusted Gross Profit for our SaaS business segment, Non-GAAP Adjusted Gross Profit for our CPaaS business segment, Non-GAAP
Adjusted Gross Margin for our SaaS business segment, Non-GAAP Adjusted Gross Margin for our CPaaS business segment, Adjusted EBITDA and
Normalized EBITDA. Flow provides useful supplemental information to investors and financial analysts and other interested parties in their
review of our operating performance. Potential investors should not rely on information not recognized under IFRS as a substitute for
the IFRS measures of earnings, cash flows or profit (loss) in making an investment decision.</P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">The following table shows the reconciliation for our consolidated Non-GAAP
Gross Profit and consolidated Non-GAAP Gross Margin:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Q1</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 73%; border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Consolidated</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2024<BR>
(non-audited)</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2023<BR>
(restated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>80,857</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>78,949</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(+) Amortization of intangible assets acquired from business combinations </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;12,785</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">13,511</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Non-GAAP Gross Profit<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>93,642</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>92,460</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Revenue </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">212,636</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">179,047</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross Margin<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>38.0%</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>44.1%</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Non-GAAP Gross Margin<SUP>(3)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>44.0%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>51.6%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">(1) We calculate Non-GAAP Adjusted
Gross Profit as gross profit plus amortization of intangible assets acquired from business combinations.</FONT></P>

<P STYLE="font: 7pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">(2) We calculate gross margin as
gross profit divided by revenue.</FONT></P>

<P STYLE="font: 7pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">(3) We calculate Non-GAAP Adjusted
Gross Margin as Non-GAAP Adjusted Gross Profit divided by revenue.</FONT></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>



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<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">The following tables shows the
reconciliation for the Non-GAAP Gross Profit and Non-GAAP Gross Margin for our SaaS and CPaaS business segments:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Q1</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 71%; border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>SaaS Segment</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2024<BR>
(non-audited)</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2023<BR>
(restated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>30,569</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>32,916</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(+) Amortization of intangible assets acquired from business combinations </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">12,785</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">13,511</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Non-GAAP Gross Profit<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>43,354</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>46,427</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Revenue </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">76,820</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">68,582</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross Margin<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39.8%</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>48.0%</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Non-GAAP Gross Margin<SUP>(3)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56.4%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>67.7%</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="background-color: white">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">We calculate Non-GAAP Adjusted Gross Profit for our SaaS business
segment as gross profit for our SaaS business segment plus amortization of intangible assets acquired from business combinations for our
SaaS business segment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="background-color: white">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">We calculate gross margin for our SaaS business segment as gross
profit for our Saas business segment divided by revenue of our SaaS business segment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="background-color: white">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">We calculate Non-GAAP Adjusted Gross Margin for SaaS business segment
as Non-GAAP Adjusted Gross Profit for our SaaS business segment divided by revenue for our SaaS business segment.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Q1</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 73%; border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>CPaaS Segment</B></FONT></TD>
    <TD STYLE="width: 16%; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2024<BR>
(non-audited)</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: white 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2023<BR>
(restated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>50,300</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>46,033</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">(+) Amortization of intangible assets acquired from business combinations </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Non-GAAP Gross Profit<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>50,300</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>46,033</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Revenue </FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">135,816</FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">110,462</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Gross Margin<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.0%</B></FONT></TD>
    <TD STYLE="padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>41.7%</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Non-GAAP Gross Margin<SUP>(3)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.0%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt 3.5pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>41.7%</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="background-color: white">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">We calculate Non-GAAP Adjusted Gross Profit for our CPaaS business
segment as gross profit for our CPaaS business segment plus amortization of intangible assets acquired from business combinations for
our CPaaS business segment.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Nunito Sans; margin: 0 0 0 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="background-color: white">(2)
We calculate gross margin for our CPaaS business segment as gross profit for our CPaaS business segment divided by revenue of our CPaaS
business segment.</FONT></P>

<P STYLE="font: 7pt Nunito Sans; margin: 0 0 0 13.5pt; text-align: justify; text-indent: -13.5pt"><FONT STYLE="background-color: white">(3)
We calculate Non-GAAP Adjusted Gross Margin for CPaaS business segment as Non-GAAP Adjusted Gross Profit for our CPaaS business segment
divided by revenue for our CPaaS business segment.</FONT></P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white">The following table shows the reconciliation
for our Adjusted EBITDA and Normalized EBITDA:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Q1</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 61%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: white 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2024<BR>
(non-audited)</B></FONT></TD>
    <TD STYLE="width: 19%; border-bottom: white 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>2023<BR>
(restated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Loss for the period</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>-55,893</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>-16,767</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Current and Deferred Income Tax</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-13,663</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">-11,628</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Financial expenses, net</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">60,204</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">16,099</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Depreciation and Amortization</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">22,797</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">20,133</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Adjusted EBITDA<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>13,445</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>7,837</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Earn-outs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,081</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">Non-Recurring Events</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>Normalized EBITDA<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>23,526</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white"><B>7,837</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="background-color: white"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="background-color: white">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">We calculate Adjusted EBITDA as loss for the period adjusted by
income tax and social contribution (current and deferred), financial expenses, net, depreciation and the goodwill impairment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.5pt"><FONT STYLE="background-color: white">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">We calculate Normalized EBITDA as the Adjusted EBITDA adjusted by
non-recurring events and non-cash impacts from earn-out adjustments.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Nunito Sans; margin: 0; text-align: justify">&nbsp;</P>



<!-- Field: Page; Sequence: 11; Options: NewSection; Value: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: center; width: 90%">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Nunito Sans">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="text-align: center"><P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: right">Earnings Release | <B>Q1 2024</B></P></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date: July 15, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="width: 35%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zenvia Inc.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 3%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 32%; border-bottom: black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Cassio Bobsin</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="width: 35%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Cassio Bobsin</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; font: 11pt Calibri, Helvetica, Sans-Serif; text-indent: -10pt; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
