Eric Cheng is the Co-Founder and CEO of Carsome, Southeast Asia’s leading used-car online platform that was founded in 2015.

KUALA LUMPUR | Southeast Asia’s leading used-car selling service, Carsome has announced that they have set up a COVID-19 Support Fund for all of their employees in Malaysia, Indonesia, Thailand and Singapore. The US$50,000 fund is sponsored by Carsome with contributions by its management team from their respective salaries. It will cover Carsome’s 700 employees across Southeast Asia, where financial assistance will be provided to them and their families should an employee contract the virus.

“COVID-19 is unlike any other previous crisis we have seen and has caused major disruption in businesses, healthcare and the economy. With the support fund, we hope we can help alleviate the stress the crisis has brought to our employees by contributing to the fight against the pandemic” said Eric Cheng, CEO and Co-Founder of Carsome. “We would also like to encourage all of our employees to constantly take good care of their personal hygiene and seek medical help should they feel unwell. In the meantime, we are also working to disinfect and clean our inspection centres and offices to ensure the highest safety standard according to the guidelines set by the World Health Organisation (WHO).”

The Carsome COVID-19 Support Fund was set up to ensure their employees are not financially distressed in light of the current situation. The fund will bear testing costs up to a maximum of US$200 for any employee who wishes to undergo testing for COVID-19 should they exhibit any symptoms or is a close contact of a confirmed case.

The fund will also be used to provide living expense support to employees and their families if they have contracted COVID-19. As a form of immediate relief, Carsome will issue a one-off gratuity payment totalling USD$1,000 to each infected employee, and undertake additional costs up to USD$3,000 should an infected employee require further treatment beyond that provided by public hospitals. In addition, the fund will be used to support employees who are under mandatory stay-home-notice so they continue to receive their salary in full for a maximum period of three months.

“As we grapple with the scale of this pandemic, we will continue to provide our employees with the utmost attention and do our very best to care for their safety and well-being,” added Cheng.

The support fund also aims to contribute to the community, by way of supporting projects in accelerating vaccination, societal recovery plans, and COVID-19 awareness.

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About Carsome

Carsome is Southeast Asia’s leading used car trading platform with a presence in Malaysia, Indonesia, Thailand, and Singapore. Carsome prides itself as a one-stop-shop for all car buyers and sellers, providing a full-stack selling solution from inspection to ownership transfer, to deliver a seamless and hassle-free experience to sellers and buyers. Carsome currently

transacts more than 40,000 cars annually totalling more than US$300 million in transacted

Value.

For more information, please visit:

Malaysia: www.carsome.my

Thailand: www.carsome.co.th

Indonesia: www.carsome.id

Singapore: www.carsome.sg