diff --git a/CHANGELOG.md b/CHANGELOG.md
index 10fe35849..4e9681eb0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,8 +2,14 @@
 
 ## Pending changes
 
+---
+
+## 1.6.0-alpha01
+
 - [#701](https://github.com/bumble-tech/appyx/pull/701) – **Added**: Shared element transition and movable content support
 
+<div style="text-align: center"><small>08 May 2024</small></div>
+
 ---
 
 ## 1.5.0
diff --git a/gradle.properties b/gradle.properties
index 55a95dc9e..1a9c509ac 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -3,5 +3,5 @@ org.gradle.caching=true
 org.gradle.parallel=true
 android.useAndroidX=true
 kotlin.code.style=official
-library.version=1.5.0
+library.version=1.6.0-alpha01
 android.experimental.lint.version=8.4.0-rc02