diff --git a/ChangeLog b/ChangeLog
index d8e89d9..6637bc3 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,17 @@
+erofs-utils 1.3
+
+ * This release includes the following updates:
+   - support new big pcluster feature together with Linux 5.13+;
+   - optimize buffer allocation logic (Hu Weiwen);
+   - optimize build performance for large directories (Hu Weiwen);
+   - add support to override uid / gid (Hu Weiwen);
+   - add support to adjust lz4 history window size (Huang Jianan);
+   - add a manual for erofsfuse;
+   - add support to limit max decompressed extent size;
+   - various bugfixes and cleanups;
+
+ -- Gao Xiang <xiang@kernel.org>  Tue, 01 Jun 2021 00:00:00 +0800
+
 erofs-utils (1.2.1-1) unstable; urgency=medium
 
  * A quick maintenance release includes the following updates:
diff --git a/VERSION b/VERSION
index 203a5b8..ebe8d0d 100644
--- a/VERSION
+++ b/VERSION
@@ -1,2 +1,2 @@
-1.2.1
-2021-01-10
+1.3
+2021-06-01