diff --git a/VERSION b/VERSION
index 795460fcec8..580bc82a042 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v1.1.0
+v1.2.0-pre
diff --git a/dist/images/install.sh b/dist/images/install.sh
index bbc832dbf51..1fcae3879cf 100644
--- a/dist/images/install.sh
+++ b/dist/images/install.sh
@@ -8,7 +8,7 @@ SVC_CIDR="10.96.0.0/12"                # Do NOT overlap with NODE/POD/JOIN CIDR
 JOIN_CIDR="100.64.0.0/16"              # Do NOT overlap with NODE/POD/SVC CIDR
 LABEL="node-role.kubernetes.io/master" # The node label to deploy OVN DB
 IFACE=""                               # The nic to support container network, if empty will use the nic that the default route use
-VERSION="v1.1.0"
+VERSION="v1.2.0-pre"
 
 echo "[Step 1] Label kube-ovn-master node"
 count=$(kubectl get no -l$LABEL --no-headers -o wide | wc -l | sed 's/ //g')
diff --git a/yamls/kube-ovn.yaml b/yamls/kube-ovn.yaml
index 60f3a9f0843..9c7138cce2e 100644
--- a/yamls/kube-ovn.yaml
+++ b/yamls/kube-ovn.yaml
@@ -39,7 +39,7 @@ spec:
       hostNetwork: true
       containers:
         - name: kube-ovn-controller
-          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
           imagePullPolicy: IfNotPresent
           command:
           - /kube-ovn/start-controller.sh
@@ -108,7 +108,7 @@ spec:
       hostPID: true
       initContainers:
       - name: install-cni
-        image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+        image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
         imagePullPolicy: IfNotPresent
         command: ["/kube-ovn/install-cni.sh"]
         securityContext:
@@ -121,7 +121,7 @@ spec:
             name: cni-bin
       containers:
       - name: cni-server
-        image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+        image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
         imagePullPolicy: IfNotPresent
         command:
           - sh
@@ -216,7 +216,7 @@ spec:
       hostPID: true
       containers:
         - name: pinger
-          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
           command: ["/kube-ovn/kube-ovn-pinger", "--external-address=114.114.114.114"]
           imagePullPolicy: IfNotPresent
           securityContext:
diff --git a/yamls/ovn-ha.yaml b/yamls/ovn-ha.yaml
index db2762a0117..cc76c439a1f 100644
--- a/yamls/ovn-ha.yaml
+++ b/yamls/ovn-ha.yaml
@@ -155,7 +155,7 @@ spec:
       hostNetwork: true
       containers:
         - name: ovn-central
-          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
           imagePullPolicy: IfNotPresent
           command: ["/kube-ovn/start-db.sh"]
           securityContext:
@@ -267,7 +267,7 @@ spec:
       hostPID: true
       containers:
         - name: openvswitch
-          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
           imagePullPolicy: IfNotPresent
           command: ["/kube-ovn/start-ovs.sh"]
           securityContext:
diff --git a/yamls/ovn.yaml b/yamls/ovn.yaml
index c479e380694..960b947a163 100644
--- a/yamls/ovn.yaml
+++ b/yamls/ovn.yaml
@@ -156,7 +156,7 @@ spec:
       hostNetwork: true
       containers:
         - name: ovn-central
-          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
           imagePullPolicy: IfNotPresent
           command: ["/kube-ovn/start-db.sh"]
           securityContext:
@@ -261,7 +261,7 @@ spec:
       hostPID: true
       containers:
         - name: openvswitch
-          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.1.0"
+          image: "index.alauda.cn/alaudak8s/kube-ovn:v1.2.0-pre"
           imagePullPolicy: IfNotPresent
           command: ["/kube-ovn/start-ovs.sh"]
           securityContext: