diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3ee1607..b91d91f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,13 @@
 
 ### Deprecated
 
+## v0.4.0
+
+### Changed
+
+- Moved to rust-vmm/virtio-queue v0.3.0
+- Relaxed rust-vmm/vm-memory dependency to require ">=0.7"
+
 ## v0.3.0
 
 ### Changed
diff --git a/Cargo.toml b/Cargo.toml
index df41ffc..8f4b607 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "vhost-user-backend"
-version = "0.3.0"
+version = "0.4.0"
 authors = ["The Cloud Hypervisor Authors"]
 keywords = ["vhost-user", "virtio"]
 description = "A framework to build vhost-user backend service daemon"