diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6c47f7c..fcf95fa 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+1.3.4 / WIP
+==================
+Improvements:
+* [OIS-14](https://openlmis.atlassian.net/browse/OIS-14): Upgrade Transifex API version
+* [OIS-48](https://openlmis.atlassian.net/browse/OIS-48): Update service base images to versions without known vulnerabilities
+
 1.3.3 / 2024-04-19
 ==================
 New functionality:
diff --git a/gradle.properties b/gradle.properties
index 5f58fe6..4c0cb14 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -8,4 +8,4 @@ serviceName=openlmis-cce
 # Current version of the service
 # Only a Release Manager should update this
 ######################################################################
-serviceVersion=1.3.4-SNAPSHOT
+serviceVersion=1.3.4-RC1