diff --git a/CHANGELOG/CHANGELOG-0.6.md b/CHANGELOG/CHANGELOG-0.6.md
new file mode 100644
index 00000000..c371dd21
--- /dev/null
+++ b/CHANGELOG/CHANGELOG-0.6.md
@@ -0,0 +1,18 @@
+# Changelog 0.6
+
+## 0.5.0 - 2023-05-24
+
+### Added
+
+- Added Theming and Coloring in Service Dependency Graph. ([#187](https://github.com/antrea-io/theia/pull/187), [@Dhruv-J])
+- Group Pods by Pod Labels in Service Dependency Graph. ([#200](https://github.com/antrea-io/theia/pull/200), [@Dhruv-J])
+- Added coverage and threshold for unit tests and python tests. ([#171](https://github.com/antrea-io/theia/pull/171), [@Dhruv-J]) ([#296](https://github.com/antrea-io/theia/pull/296), [@Dhruv-J])
+
+### Fixed
+
+- Fixed critical vulnerabilities reported in Trivy Scan ([#269](https://github.com/antrea-io/theia/pull/269), [@tushartathgur])
+- Fixed critical alerts reported in Dependabot ([#179](https://github.com/antrea-io/theia/pull/179), [@tushartathgur]), ([#180](https://github.com/antrea-io/theia/pull/180), [@tushartathgur])
+
+
+[@Dhruv-J]: https://github.com/Dhruv-J
+[@tushartathgur]: https://github.com/tushartathgur
diff --git a/VERSION b/VERSION
index 584908bf..60f63432 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.6.0-dev
+v0.6.0
diff --git a/build/charts/theia/README.md b/build/charts/theia/README.md
index 2dd75dbd..88ba52d3 100644
--- a/build/charts/theia/README.md
+++ b/build/charts/theia/README.md
@@ -1,6 +1,6 @@
 # theia
 
-![Version: 0.6.0-dev](https://img.shields.io/badge/Version-0.6.0--dev-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: latest](https://img.shields.io/badge/AppVersion-latest-informational?style=flat-square)
+![Version: 0.6.0](https://img.shields.io/badge/Version-0.6.0--dev-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: latest](https://img.shields.io/badge/AppVersion-latest-informational?style=flat-square)
 
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