diff --git a/CHANGES b/CHANGES
index 44bcc7b22..44e34ffb7 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,13 @@
+Version 9.8.50-1:
+Date + Time 2023-12-28
+=============================================================
+Fixed:
+        - RM #3604029 Fix releasing ring flow
+        - RM #3623373 Fix corruption during ring release
+        - RM #3655436 Add full TCP_KEEPALIVE support
+        - RM #3697720 Fixing socket destruction race
+        - RM #1214066 Update some unsigned char -> uint32_t for table_id
+
 Version 9.8.40-1:
 Date + Time 2023-09-12
 =============================================================
diff --git a/configure.ac b/configure.ac
index 9a19c3292..e9f3e55af 100644
--- a/configure.ac
+++ b/configure.ac
@@ -14,7 +14,7 @@ dnl===-----------------------------------------------------------------------===
 #
 define([prj_ver_major], 9)
 define([prj_ver_minor], 8)
-define([prj_ver_revision], 40)
+define([prj_ver_revision], 50)
 define([prj_ver_release], esyscmd([echo ${PRJ_RELEASE:=0}]))
 
 
diff --git a/contrib/scripts/libvma.spec.in b/contrib/scripts/libvma.spec.in
index 272a900c1..7355d5a57 100644
--- a/contrib/scripts/libvma.spec.in
+++ b/contrib/scripts/libvma.spec.in
@@ -187,7 +187,7 @@ fi
 %{_mandir}/man8/vma_stats.*
 
 %changelog
-* Tue Sep 12 2023 NVIDIA CORPORATION <networking-support@nvidia.com> 9.8.40-1
-- Bump version to 9.8.40
+* Thu Dec 28 2023 NVIDIA CORPORATION <networking-support@nvidia.com> 9.8.50-1
+- Bump version to 9.8.50
 - Please refer to CHANGES for full changelog.