<SEC-DOCUMENT>0001292814-24-004265.txt : 20241119
<SEC-HEADER>0001292814-24-004265.hdr.sgml : 20241119
<ACCEPTANCE-DATETIME>20241118194044
ACCESSION NUMBER:		0001292814-24-004265
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240930
FILED AS OF DATE:		20241119
DATE AS OF CHANGE:		20241118

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:		241473021

	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>zenvpr3q24_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 November 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="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 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="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

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

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

<P STYLE="text-align: center; font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 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="font: 13pt Nunito Sans; margin: 0; text-align: center"><B>ZENVIA Reports Q3 2024 and 9M 2024 Results</B></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: center"><FONT STYLE="background-color: white"><I>Double-digit growth in both
top-line and profitability, with strong EBITDA and Cashflow<BR>
LTM Normalized EBITDA of BR</I></FONT><I>L 135.2 milli<FONT STYLE="background-color: white">on, on track to meet 2024 guidance</FONT></I></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: center"><FONT STYLE="background-color: white"><I>Official launch of Zenvia Customer
Cloud in Oct</I></FONT><I>ober 2024</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, November 18<FONT STYLE="background-color: white">,</FONT>
2024</B> &ndash; 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 third quarter
and nine months 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>: &ldquo;The
highlight this quarter was the conclusion of the strategic plan we initiated back in 2018, that allowed us to officially launch the Zenvia
Customer Cloud, a significant milestone in our commitment to enhancing customer relationships through practical, AI-driven solutions.
Early adopters have already seen improvements in lead quality, conversion rates, and customer satisfaction, demonstrating the immediate
value of this technology. At the same time, this launch is the foundation stone for Zenvia's CX SaaS strategy for the next five years.
Alongside this milestone, we have made strides in streamlining our operations and becoming more efficient, resulting in a notable YoY
reduction in G&amp;A expenses as a percentage of revenue. The rollout of Zenvia Customer Cloud and our increased operational efficiency
together reflect our focus on enabling more informed and personalized customer interactions while delivering value both to our clients
and shareholders.&rdquo;</P>

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

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Shay Chor, CFO &amp; IRO of ZENVIA,
said: </B>&ldquo;This quarter, we accelerated our organic expansion with double-digit growth in both revenue and profitability. We were
able to capitalize on unique temporary revenue opportunities in our CPaaS segment, while in the SaaS segment we saw significant growth
with SMBs. At the same time, the combination of stronger revenues and strict expense control resulted in our highest quarterly EBITDA
in three years, putting us on track to meet our full year guidance</FONT><FONT STYLE="font-size: 10.5pt; color: #0E0E0E"><B>. </B>Last
but not least, we continue to take advantage of working capital opportunities to ensure EBITDA is converted into cash.</FONT><FONT STYLE="font-size: 10pt">&rdquo;</FONT></P>

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 47%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Key Financial Metrics (BRL MM and %)</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q3 2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q3 2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>9M 2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>9M 2023</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>YTD</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Revenues</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">284.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">218.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">30.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">728.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">590.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">23.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Gross Profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">89.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">70.9</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">26.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">258.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">220.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">17.2%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Gross Margin</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">31.6%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">32.5%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-1.1p.p</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">35.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">37.3%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-2.1p.p</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Non-GAAP Adjusted Gross Profit(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">102.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">83.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">22.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">296.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">259.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">14.2%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Non-GAAP Adjusted Gross Margin(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">36.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">38.3%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-2.3p.p</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">40.7%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">43.9%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-3.2p.p</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Operating Income/Loss (EBIT)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">17.9</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-6.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">n.m</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">18.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-26.1</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">n.m</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Adjusted EBITDA(3)(5)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">41.2</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">15.7</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">162.7%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">87.8</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">38.4</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">128.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Normalized EBITDA(4)(5)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">41.2</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">16.3</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">153.1%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">98.1</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">39.0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">151.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Income/Loss of the Period</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">52.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-11.9</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">n.m</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">(19.7)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">(43.8)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-54.9%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Cash Balance</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">102.7</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">116.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-11.9%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">102.7</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">116.5</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-11.9%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Net Cash Flow from (used in) Operating Activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">56.6</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">16.1</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">252.3%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">61.9</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">148.4</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-58.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Total Active Customers(6)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">12,152</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">13,624</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-10.8%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">12,152</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">13,624</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans">(1)</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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans">(2)</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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans">(3)</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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><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 Normalized EBITDA to Loss for the Period,
see Selected Financial Data section below.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans">(5)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Nunito Sans">In December 2023, the Company identified that the allowance for
expected credit losses and cost with amortization of intangibles was understated. The calculation was reassessed in the annual financial
statements and Management has retrospectively revised the first six months of 2023 for comparison purposes.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans">(6)</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. The consolidated number
of Total Active Customers doesn&rsquo;t reflect the sum of SaaS and CPaaS Clients, as there is cross selling between them.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"></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%"><IMG SRC="zenvpr3q246k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify"><B>Highlights Q3 2024</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 284.4 million, up 30% when
compared to BRL 218.6 million in Q3 2023 as a result of both SaaS (+16%) and CPaaS (+37%) YoY expansion. CPaaS saw abnormally high temporary
volumes with certain customers, while SaaS grew mainly from small and medium businesses.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 102.5 million
was up 22% YoY, while Non-GAAP Adjusted Gross Margin was down by 2.3 percentage points landing at 36.0%. This decrease is mainly due to:
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><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 CPaaS mix in the period due to the specific
one-off volumes, which were opportunistic for revenue. We don&rsquo;t expect this same volume level in Q4 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><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 due to tighter margins from
enterprises, which continue to reflect a very competitive environment, more than offsetting the better small and medium business mix.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 active customers were 12.2k, being 6.4k
from SaaS and 6.0k from CPaaS. As mentioned last quarter, this YoY decrease reflects a client-base cleanup which took place in Q2 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 41.2 million
in the quarter, up 153.1% from Q3 2023, benefiting from higher revenues and strict expense control. This was our highest quarterly EBITDA
in three years.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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">Cash Balance of BR 102.7 million, a sequential
increase of BRL 13.3 million as a direct result of our focus on cash preservation without jeopardizing our sustainable growth, including
the continued use of working capital instruments.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 October 15, Zenvia announced the official launch
of Zenvia Customer Cloud, its comprehensive AI-powered solution designed to transform the customer experience by integrating solutions
across all customer journey stages&mdash;from marketing and sales to service and relationship management. The Zenvia Customer Cloud allows
companies to manage customer interactions across multiple channels, including WhatsApp, email, SMS, and apps, within a single, centralized
platform. This unified approach streamlines processes, reducing the need for multiple software solutions, while increasing productivity
through intelligent automation. The platform leverages AI-enabled automation to enhance productivity and efficiency, positioning Zenvia
for strong, profitable growth while providing deeper insights into customer behavior.</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 9M 2024</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 728.2 million, up 23% when
compared to BRL 590.6 million in 9M 2023 as a result of both SaaS (+15%) and CPaaS (+28%) YoY expansion. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 296.3 million
was up 14% YoY while Non-GAAP Adjusted Gross Margin was down 3.2 percentage points YoY to 40.7%, due to a higher mix of CPaaS in revenues,
combined with lower margins with large enterprises in the SaaS business and an increase in infrastructure costs related to the final phase
of the integration of acquired companies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><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 98.1 million
in the period, up 151% from 9M 2023, which is in line with our expectations and on track to deliver the full year guidance of BRL 120
million to BRL 140 million. </FONT></TD></TR></TABLE>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 34%; border-left: black 1pt solid; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q3 2024</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q3 2023</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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>
    <TD STYLE="width: 11%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>9M 2024</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>9M 2023</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>YTD</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Revenues</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">87.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">75.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">16.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">243.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">211.4</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">15.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Gross Profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">37.9</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">33.1</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">14.5%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">98.1</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">95.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">3.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Gross Margin</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">43.3%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">44.0%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-0.7p.p.</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">40.3%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">45.0%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Profit(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">50.6</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">46.0</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">10.0%</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">136.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">134.4</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">1.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Margin(2)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">57.7%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">61.0%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-3.3p.p.</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">56.0%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">63.6%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-7.6p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: #1F1F1F; line-height: 115%"><B>Net Revenue Expansion (NRE)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">110%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">102%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">8.0p.p.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">110%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">102%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">8.0p.p.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Total Active Customers(3)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,427</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,780</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-5.2%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,427</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,780</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-5.2%</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(1)</FONT></TD><TD STYLE="text-align: justify"><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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(2)</FONT></TD><TD STYLE="text-align: justify"><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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(3)</FONT></TD><TD STYLE="text-align: justify"><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>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Our SaaS business Revenue went up 16% YoY in Q3 2024 to BRL 87.6
million from BRL 75.3 million in Q3 2023, primarily from small and medium sized customers. Year-to-date, the increase was similar, of
15%.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify"><FONT STYLE="color: #0E0E0E">It is worth noting that new clients
are now onboarded directly to the Zenvia Customer Cloud, enhancing value not only on channel options but also by leveraging SaaS solutions</FONT>.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Q3 2024 Non-GAAP Adjusted Gross Profit was up 10% YoY to BRL
50.6 million from BRL 46.0 million, primarily driven by higher-margin SMBs. Despite this, Non-GAAP Adjusted Gross Margin from SaaS went
down 3.3 percentage points to 57.7%, as we saw tighter margins from large enterprises amid continued fierce competitive market dynamics
in this segment.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Year-to-date, while our Non-GAAP Adjusted Gross Profit went up
1.3%, our Non-GAAP Adjusted Gross Margin was down 7.6 percentage points, mainly from the same impact of large enterprises with lower margins
coupled with the increased infrastructure costs related to the final integration phase of the acquired companies.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 44%; border-left: black 1pt solid; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q3 2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>Q3 2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; 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>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>9M 2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>9M 2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; color: white; line-height: 115%"><B>YTD</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Revenues</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">196.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">143.3</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">37.4%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">485.1</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">379.2</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">27.9%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Profit(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">51.9</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">37.8</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">37.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">160.1</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">125.1</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">28.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Margin(2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">26.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">26.4%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">33.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">33.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%"><B>Total Active Customers(3)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,053</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">7,248</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-16.5%</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">6,053</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">7,248</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 9pt; line-height: 115%">-16.5%</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(1)</FONT></TD><TD STYLE="text-align: justify"><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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(2)</FONT></TD><TD STYLE="text-align: justify"><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" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%"><FONT STYLE="font-family: Nunito Sans; font-size: 6.5pt">(3)</FONT></TD><TD STYLE="text-align: justify"><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>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">We recorded abnormally high volumes from large enterprise customers
in the CPaaS business in this third quarter, in line with the trend we saw in Q2 2024. While we consider this to be temporary and do not
expect it to continue into the fourth quarter, it was an opportunistic move to our top line.</P>

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

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<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">The segment reported Net Revenues of BRL 196.8 million in Q3
2024, up 37% YoY, while Non-GAAP Adjusted Gross Profit increased at a similar rate to BRL 51.9 million from BRL 37.8 million in Q3 2023.
Non-GAAP Adjusted Gross Margin was flat at 26.4%, when compared to Q3 2023.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Year-to-date, our CPaaS business reported Net Revenues of BRL
485.1 million, up 28% YTD, with our Non-GAAP Adjusted Gross Profit increasing at a similar rate, leading to a flat Non-GAAP Adjusted Gross
Margin of 33.0%, when compared to the same period last year.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Regarding Total Active Customers, as we mentioned in the last
quarter, the YoY decrease was primarily due to the clean-up and removal held in Q2 2024 of smaller CPaaS clients who were not generating
revenue. These moves reflect our focus on retaining customers that contribute with revenues and EBITDA generation, as attested by the
more than 30% increase in both CPaaS top line and Non-GAAP Adjusted Gross Profit in this quarter. It is also worth noting the sequential
increase in total CPaaS active customers to 6,053 in Q3 2024 from 5,506 in Q2 2024, also leveraged by the primary onboarding of new SMB
customers to Zenvia Customer Cloud.</P>

<P STYLE="font: 11pt Nunito Sans; margin: 0"><B>Consolidated Financial Result Analysis</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 0 10pt; text-align: justify"><FONT STYLE="background-color: white">In this quarter, consolidated
revenues were positively impacted by both segments, but especially by CPaaS which recorded </FONT>higher-than-expected volumes that were
opportunistic for revenue and cash balance. <FONT STYLE="background-color: white">This resulted in a higher share of CPaaS in the revenue
mix, of 69.2% in Q3 2024 compared to 65.5% in Q3 2023.</FONT></P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">These effects are reflected in the 37% increase in <FONT STYLE="background-color: white">CPaaS
Non-GAAP Adjusted Gross Profit</FONT>, accompanied by a <FONT STYLE="background-color: white">10% increase in SaaS Non-GAAP Adjusted Gross
Profit</FONT>, which jointly brought the Consolidated <FONT STYLE="background-color: white">Non-GAAP Adjusted Gross Profit</FONT> up 22%.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Looking at our consolidated Non-GAAP Adjusted Gross Margin, it
declined 2.3 percentage points year-over-year to 36.0% in Q3 2024 from 38.3% in Q3 2023. As we always explain, a higher CPaaS mix impacts
margins, but this quarter we also saw lower margins from some enterprise customers in SaaS and the impact on cost of services from the
increase in infrastructure costs tied to the final phase of acquired companies&rsquo; integration.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify"><FONT STYLE="background-color: white">Nonetheless, Adjusted
EBITDA in Q3 202</FONT>4 was positive BRL 41.2 million, compared to BRL 15.7 million in Q3 2023. The combination of higher revenues,
stricter expense control and operating efficiencies allowed our EBITDA to multiply by 2.6 times in the period, reaching the highest quarterly
level of the last three years. Year-to-date, our G&amp;A Expenses went down to BRL 95.2 million, or -3.4% YoY, which led the G&amp;A
as a percentage of revenues to 13.1%, a 3.6 percentage point decrease from the 16.7% reported in the same period of 2023. When compared
to two years ago, right before we started our streamlining efforts, this decrease was of 5.4 percentage points, from 18.5%.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify">Normalized EBITDA, which excludes the earn-outs and non-recurring
events, amounted to BRL 98.1 million in 9M 2024, which compares to BRL 39.0 million in the same period of 2023. As a result, our LTM
Normalized EBITDA reached BRL 135.2 million at the end of September 2024, putting us on track to meet our 2024 guidance.</P>

<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify"><FONT STYLE="background-color: white">Net Income in Q3 2024
amounted to BRL 52.4 million, an increase of BRL 64.3 million from Q3 2023. This includes a positive non-cash impact o</FONT>f BRL 43.8
million in <FONT STYLE="background-color: white">Financial Income as a result of the mark-to-market of a derivative instrument related
to the equity raise made by Cassio Bobsin in Q1 2024. Excluding this impact, we estimate Net Income would be positive at BRL 8.7 million,
mostly due to the strong operating results. </FONT></P>
<P STYLE="font: 10pt Nunito Sans; margin: 0 0 10pt; text-align: justify"><FONT STYLE="background-color: white"></FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: white">
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; 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: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Revenue </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; 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: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><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: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; 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: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Non-GAAP Adjusted Gross Margin</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; 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: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt"><B>Normalized EBITDA </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif; 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"><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">The Company&rsquo;s senior management team will host a webcast to discuss
the results and business outlook on Tuesday, November 19, 2024, at 10:00 am ET. To access the webcast presentation, <FONT STYLE="text-decoration: underline; color: Blue; background-color: white">click
here</FONT><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">Additional information regarding Zenvia can be found at <FONT STYLE="text-decoration: underline; color: Blue">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="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt">
    <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="font: 9pt Nunito Sans; text-decoration: underline; margin: 0; text-align: justify; color: Blue">ir@zenvia.com</P></TD>
    <TD STYLE="width: 79%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Media Relations &ndash; </B></FONT><B><FONT STYLE="font-size: 9pt">FG-IR</FONT></B></P>
    <P STYLE="font: 9pt Nunito Sans; margin: 0">Fabiane Goldstein &ndash; (954) 625-4793 &ndash; <FONT STYLE="text-decoration: underline; color: Blue">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: 9pt 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: 9pt Nunito Sans; margin: 0 0 14pt; text-align: justify">The preliminary quarter and year-to-date 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&rsquo;s
control. Zenvia&rsquo;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>

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

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<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 third quarter of 2024.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Q3</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>9M</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 39%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>2024</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Variation</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>2024</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 10%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Variation</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 8pt; color: white; line-height: 115%"><B>(non-audited)</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 8pt; color: white; line-height: 115%"><B>(restated)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 8pt; color: white; line-height: 115%"><B>(non-audited)</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 8pt; color: white; line-height: 115%"><B>(restated)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: #7030A0; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #7030A0; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD>
    <TD STYLE="background-color: #7030A0; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(%)</I></FONT></TD>
    <TD STYLE="background-color: #7030A0; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #7030A0; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD>
    <TD STYLE="background-color: #7030A0; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(%)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">284,449</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">218,597</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">30.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">728,244</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">590,563</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">23.3%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Cost of services</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-194,639</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-147,662</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">31.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-470,042</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-370,293</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">26.9%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>89,810</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>70,935</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>26.6%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>258,202</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>220,270</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>17.2%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Selling and marketing expenses</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-28,075</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-29,252</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-4.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-81,435</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-81,501</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-0.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">General and administrative expenses</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-30,602</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-29,696</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">3.1%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-95,165</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-98,491</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-3.4%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Research and development expenses</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-12,514</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-14,898</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-16.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-41,381</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-40,011</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">3.4%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Allowance for expected credit losses</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-4,559</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-2,654</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">71.8%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-11,454</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-24,631</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-53.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Other income and expenses, net</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">3,812</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-1,237</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-408.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-10,594</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-1,773</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">497.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Operating gain (loss)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>17,872</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-6,802</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-362.7%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>18,173</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-26,137</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-169.5%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Financial expenses</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-32,649</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-19,885</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">64.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-137,782</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-55,734</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">147.2%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Finance income</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">62,962</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">8,520</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">639.0%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">70,434</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">15,132</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">365.5%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Financial expenses, net</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>30,313</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-11,365</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-366.7%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-67,348</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-40,602</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>65.9%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Income/Loss before taxes</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>48,185</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-18,167</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-365.2%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-49,175</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-66,739</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-26.3%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">7,335</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">7,323</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">0.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">37,429</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">26,962</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">38.8%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Current income tax and social contribution</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-3,071</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-1,013</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">203.2%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-7,998</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-4,019</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">99.0%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Income/Loss for the period</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>52,449</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-11,857</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-542.3%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-19,744</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-43,796</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-54.9%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Income/Loss attributable to Company Owners</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>52,621</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-11,943</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-540.6%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-19,798</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-44,008</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-55.0%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Non-controlling interests</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>172</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-86</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-300.0%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-54</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-212</B></FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-74.5%</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"></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>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Nunito Sans; width: 50%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 50%"><P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: right">Earnings Release | <B>Q3 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%"><IMG SRC="zenvpr3q246k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="vertical-align: bottom; width: 40%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 34%; border-bottom: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>December 31, 2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(audited)</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: white 1.5pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>September 30, 2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B><I>(in thousands of reais)</I></B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Current assets</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>250,331</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>342,601</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">63,742</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">102,662</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">148,784</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">195,882</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Recoverable assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">28,058</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">29,585</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Prepayments</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">5,571</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">5,755</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Other assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">4,176</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">8,717</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Non-current assets</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>1,461,233</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>1,503,868</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Restricted cash</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">6,403</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">6,072</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Prepayments</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,109</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">561</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Other assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">10</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">10</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Deferred tax assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">91,971</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">129,400</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">14,413</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">19,685</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Intangible assets</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,347,327</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,323,744</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Judicial deposits</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">24,396</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Total assets</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>1,711,564</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>1,846,469</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>December 31, 2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(audited)</B></P></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>September 30, 2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>607,374</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>691,498</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Trade and other payables</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">353,998</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">437,435</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Loans, borrowings and Debentures</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">36,191</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">69,855</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Liabilities from acquisitions</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">134,466</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">100,994</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Employee benefits</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">50,085</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">49,081</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">18,846</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">17,969</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">2,056</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,769</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Deferred revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">11,547</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">14,325</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Taxes to be paid in installments</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">185</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">70</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>215,243</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>269,142</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Liabilities from acquisitions</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">160,237</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">179,750</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Loans, borrowings</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">51,605</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">47,072</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Provisions for tax, labor and civil risks</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,721</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">752</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,484</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Employee Benefits</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">615</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,961</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">38,599</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Taxes to be paid in installments</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">313</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">276</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Equity</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>888,947</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>885,829</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Capital</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">957,525</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,007,522</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Reserves</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">247,464</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">215,762</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Foreign currency translation reserve</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">3,129</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,446</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Other components of equity</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">283</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">283</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Accumulated losses</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">(319,591)</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">(339,389)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">137</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">205</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Total equity and liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>1,711,564</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>1,846,469</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify; text-indent: 22.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"></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>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Nunito Sans; width: 50%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 50%"><P STYLE="font: 10pt Nunito Sans; margin: 0; text-align: right">Earnings Release | <B>Q3 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%"><IMG SRC="zenvpr3q246k_001.jpg" ALT="">&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><B>Indebtness</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 18%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 26%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Interest</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 30%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>December 31, 2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(audited)</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 25%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>September 30, 2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Working capital</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">100% CDI+2.51% to <BR>
6.55% and 8.60%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">69,667</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">103,330</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Debentures</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">18.16%</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">18,129</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">13,597</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>87,796</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>116,927</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Nunito Sans; margin: 0; text-align: justify; text-indent: 22.5pt; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><B>Cash Flow</B></P>

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Q3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>9M</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 49%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 10%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(restated)</B></P></TD>
    <TD STYLE="width: 1%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 12%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(restated)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Net cash from (used in) operating activities</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">56,583</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">16,063</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">61,852</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">148,381</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Net cash used in investing activities</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-14,886</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-15,632</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-48,393</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-33,070</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Net cash from (used in) financing activities</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-29,276</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-28,283</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">25,517</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-98,197</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Exchange rate change on cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">830</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">1,780</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-56</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-850</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>13,251</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>-26,072</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>38,920</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>16,264</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Nunito Sans; margin: 0; text-align: justify; text-indent: -22.5pt; color: red"><B>&nbsp;</B></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 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: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"></P>

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<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="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Q3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>9M</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 38%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Consolidated</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 16%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>89,810</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>70,935</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>258,202</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>220,270</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">(+) Amortization of intangible assets acquired from business combinations</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">12,653</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">12,850</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">38,092</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">39,211</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Profit(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>102,463</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>83,785</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>296,294</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>259,481</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">284,449</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">218,597</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">728,244</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">590,563</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross Margin(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>31.6%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>32.5%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>35.5%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>37.3%</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Margin(3)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>36.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>38.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>40.7%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>43.9%</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 7pt Nunito Sans">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 2%">(1)</TD>
  <TD STYLE="text-align: justify; width: 98%">We calculate Non-GAAP Adjusted Gross Profit as gross profit plus amortization of intangible assets acquired from business combinations.</TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 7pt Nunito Sans">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 2%">(2)</TD>
  <TD STYLE="text-align: justify; width: 98%">We calculate gross margin as gross profit divided by revenue.</TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 7pt Nunito Sans">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 2%">(3)</TD>
  <TD STYLE="text-align: justify; width: 98%">We calculate Non-GAAP Adjusted Gross Margin as Non-GAAP Adjusted Gross Profit divided by revenue.</TD></TR>
</TABLE>


<P STYLE="font: 7pt Nunito Sans; margin: 0; text-align: justify; color: red">&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 tables shows the reconciliation for the Non-GAAP Gross
Profit and Non-GAAP Gross Margin for our SaaS and CPaaS business segments:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Q3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>9M</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 37%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>SaaS Segment</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 17%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>37,904</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>33,105</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>98,082</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>95,166</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">(+) Amortization of intangible assets acquired from business combinations</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">12,653</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">12,850</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">38,092</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">39,211</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Profit(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>50,557</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>45,955</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>136,174</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>134,377</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">87,632</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">75,324</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">243,174</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">211,373</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross Margin(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>43.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>44.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>40.3%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>45.0%</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Margin(3)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>57.7%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>61.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>56.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>63.6%</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(1)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(2)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(3)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Q3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>9M</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 41%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>CPaaS Segment</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>51,906</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>37,830</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>160,120</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>125,104</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">(+) Amortization of intangible assets acquired from business combinations</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">0</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">0</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">0</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Profit(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>51,906</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>37,830</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>160,120</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>125,104</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Revenue</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">196,817</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">143,273</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">485,070</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">379,190</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Gross Margin(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>26.4%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>26.4%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>33.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>33.0%</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Non-GAAP
    Adjusted Gross Margin(3)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>26.4%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>26.4%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>33.0%</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>33.0%</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(1)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(2)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(3)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Q3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>9M</B></FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="width: 41%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2024</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD>
    <TD STYLE="width: 13%; border-bottom: white 1pt solid; padding-right: 2pt; padding-left: 2pt">
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>2023</B></P>
    <P STYLE="font: 10pt/115% Nunito Sans; margin: 0; text-align: center; color: white"><B>(non-audited)</B></P></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: center; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><I>(in thousands of R$)</I></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>Income/Loss for the period</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>52,449</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-11,857</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-19,744</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%"><B>-43,796</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Current and Deferred Income Tax</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-4,264</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-6,310</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-29,431</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-22,943</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Financial expenses, net</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-30,313</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">11,365</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">67,348</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">40,602</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Depreciation and Amortization</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">23,288</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">22,468</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">69,667</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">64,536</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Adjusted EBITDA(1)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>41,160</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>15,666</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>87,840</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>38,399</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">Earn-outs</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-84</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">-631</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">- 10,245</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; line-height: 115%">- 631</FONT></TD></TR>
  <TR STYLE="background-color: #7030A0">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>Normalized EBITDA(2)</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>41,244</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>16,297</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>98,085</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt; font-family: Times New Roman,serif; text-align: right; line-height: 115%"><FONT STYLE="font-family: Nunito Sans; font-size: 10pt; color: white; line-height: 115%"><B>39,030</B></FONT></TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(1)</TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7pt Nunito Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1pt"></TD><TD STYLE="width: 2%">(2)</TD><TD STYLE="text-align: justify">We calculate Normalized EBITDA as the Adjusted EBITDA adjusted by non-recurring events and non-cash impacts
from earn-out adjustments.</TD></TR></TABLE>

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

<!-- Field: Page; Sequence: 11; Options: NewSection; Value: 10 -->
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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;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<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: November 18, 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>
