Excel workbook does not work

I am trying to use SigmaGuide which is an Excel workbook copy protected. I am unzipping the download and then select the .exe file to start the application but the Excel workbook does not work. Excel does not start at all. My system is Windows 10 with Excel 2019. I am making compatibility test and I am receiving the following messages

Can you give any advice for this.

Ask the provider of SigmaGuide to provide you with an updated copy of the EXE file for Windows 10 May 2020.