diff --git a/integration_tests/graalvm_tests/pom.xml b/integration_tests/graalvm_tests/pom.xml
index 92f7dc2a78..03b9dca070 100644
--- a/integration_tests/graalvm_tests/pom.xml
+++ b/integration_tests/graalvm_tests/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <groupId>org.apache.fury</groupId>
     <artifactId>fury-parent</artifactId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
     <relativePath>../../java</relativePath>
   </parent>
   <modelVersion>4.0.0</modelVersion>
diff --git a/integration_tests/jdk_compatibility_tests/pom.xml b/integration_tests/jdk_compatibility_tests/pom.xml
index 33a42d80c0..26bc1c08de 100644
--- a/integration_tests/jdk_compatibility_tests/pom.xml
+++ b/integration_tests/jdk_compatibility_tests/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <groupId>org.apache.fury</groupId>
     <artifactId>fury-parent</artifactId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
     <relativePath>../../java</relativePath>
   </parent>
   <modelVersion>4.0.0</modelVersion>
diff --git a/integration_tests/jpms_tests/pom.xml b/integration_tests/jpms_tests/pom.xml
index 74e1e02973..a4a6b1f0d1 100644
--- a/integration_tests/jpms_tests/pom.xml
+++ b/integration_tests/jpms_tests/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <groupId>org.apache.fury</groupId>
     <artifactId>fury-parent</artifactId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
     <relativePath>../../java</relativePath>
   </parent>
   <modelVersion>4.0.0</modelVersion>
diff --git a/integration_tests/latest_jdk_tests/pom.xml b/integration_tests/latest_jdk_tests/pom.xml
index dca2a9ad0c..4e0c43eb32 100644
--- a/integration_tests/latest_jdk_tests/pom.xml
+++ b/integration_tests/latest_jdk_tests/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <groupId>org.apache.fury</groupId>
     <artifactId>fury-parent</artifactId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
     <relativePath>../../java</relativePath>
   </parent>
   <modelVersion>4.0.0</modelVersion>
diff --git a/java/benchmark/pom.xml b/java/benchmark/pom.xml
index 902171b765..89b05eee97 100644
--- a/java/benchmark/pom.xml
+++ b/java/benchmark/pom.xml
@@ -26,7 +26,7 @@
   <parent>
     <artifactId>fury-parent</artifactId>
     <groupId>org.apache.fury</groupId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
   </parent>
 
   <artifactId>benchmark</artifactId>
diff --git a/java/fury-core/pom.xml b/java/fury-core/pom.xml
index 4b9a0f19fe..45ef5502a1 100644
--- a/java/fury-core/pom.xml
+++ b/java/fury-core/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <groupId>org.apache.fury</groupId>
     <artifactId>fury-parent</artifactId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/java/fury-format/pom.xml b/java/fury-format/pom.xml
index afb1811ab7..02e58ed703 100644
--- a/java/fury-format/pom.xml
+++ b/java/fury-format/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <groupId>org.apache.fury</groupId>
     <artifactId>fury-parent</artifactId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/java/fury-test-core/pom.xml b/java/fury-test-core/pom.xml
index 3ab4430259..d1a272966d 100644
--- a/java/fury-test-core/pom.xml
+++ b/java/fury-test-core/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <artifactId>fury-parent</artifactId>
     <groupId>org.apache.fury</groupId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/java/fury-testsuite/pom.xml b/java/fury-testsuite/pom.xml
index 112d6e1f2c..9c2f475850 100644
--- a/java/fury-testsuite/pom.xml
+++ b/java/fury-testsuite/pom.xml
@@ -25,7 +25,7 @@
   <parent>
     <artifactId>fury-parent</artifactId>
     <groupId>org.apache.fury</groupId>
-    <version>0.5.0-SNAPSHOT</version>
+    <version>0.5.0.rc1</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/java/pom.xml b/java/pom.xml
index 9e1c400483..996290027e 100644
--- a/java/pom.xml
+++ b/java/pom.xml
@@ -33,7 +33,7 @@
   <groupId>org.apache.fury</groupId>
   <artifactId>fury-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.5.0-SNAPSHOT</version>
+  <version>0.5.0.rc1</version>
   <name>Fury Project Parent POM</name>
   <description>
     Apache Fury™ is a blazing fast multi-language serialization framework powered by jit and zero-copy.