diff --git a/sdk/python/v1beta1/setup.py b/sdk/python/v1beta1/setup.py
index 87960274c6a..c8cd31c9d4b 100644
--- a/sdk/python/v1beta1/setup.py
+++ b/sdk/python/v1beta1/setup.py
@@ -38,7 +38,7 @@
 
 setuptools.setup(
     name="kubeflow-katib",
-    version="0.16.0rc1",
+    version="0.16.0",
     author="Kubeflow Authors",
     author_email="premnath.vel@gmail.com",
     license="Apache License Version 2.0",