diff --git a/.github/release-please/manifest.json b/.github/release-please/manifest.json
index af5976e15..7ed66d170 100644
--- a/.github/release-please/manifest.json
+++ b/.github/release-please/manifest.json
@@ -1,7 +1,7 @@
 {
     "packages/hardhat-zksync-deploy": "1.5.0-beta.1",
     "packages/hardhat-zksync-solc": "1.2.2-beta.1",
-    "packages/hardhat-zksync-upgradable": "1.6.0-beta.3",
+    "packages/hardhat-zksync-upgradable": "1.7.0-beta.3",
     "packages/hardhat-zksync-vyper": "1.0.8-beta.1",
     "packages/hardhat-zksync-verify": "1.6.0-beta.1",
     "packages/hardhat-zksync": "1.1.0-beta.1",
diff --git a/packages/hardhat-zksync-upgradable/CHANGELOG.md b/packages/hardhat-zksync-upgradable/CHANGELOG.md
index ec6f3917a..8aed793a6 100644
--- a/packages/hardhat-zksync-upgradable/CHANGELOG.md
+++ b/packages/hardhat-zksync-upgradable/CHANGELOG.md
@@ -1,5 +1,19 @@
 # @matterlabs/hardhat-zksync-upgradable
 
+## [1.7.0-beta.3](https://github.com/matter-labs/hardhat-zksync/compare/@matterlabs/hardhat-zksync-upgradable-v1.6.0-beta.3...@matterlabs/hardhat-zksync-upgradable-v1.7.0-beta.3) (2024-09-09)
+
+
+### Features
+
+* bump openzeppelin contracts to v5 ([cbd0262](https://github.com/matter-labs/hardhat-zksync/commit/cbd026216043106172c39360a4f9ddeefdb33ab6))
+* bump openzeppelin contracts to v5 ([2479f87](https://github.com/matter-labs/hardhat-zksync/commit/2479f8731e65923fde00346fb595bd5525401c6e))
+
+
+### Bug Fixes
+
+* revert manifest and storage layout ([50b46c1](https://github.com/matter-labs/hardhat-zksync/commit/50b46c14ac4baeea4414996b175abab7a07bf93a))
+* revert oz contracts for basic example and update readme file ([bc4368a](https://github.com/matter-labs/hardhat-zksync/commit/bc4368a4517d6485d9c9aee6d5c178f8cfc7e163))
+
 ## [1.6.0-beta.3](https://github.com/matter-labs/hardhat-zksync/compare/@matterlabs/hardhat-zksync-upgradable-v1.6.0-beta.2...@matterlabs/hardhat-zksync-upgradable-v1.6.0-beta.3) (2024-08-28)
 
 
diff --git a/packages/hardhat-zksync-upgradable/package.json b/packages/hardhat-zksync-upgradable/package.json
index 63832f99c..2c148d7e2 100644
--- a/packages/hardhat-zksync-upgradable/package.json
+++ b/packages/hardhat-zksync-upgradable/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@matterlabs/hardhat-zksync-upgradable",
-  "version": "1.6.0-beta.3",
+  "version": "1.7.0-beta.3",
   "description": "Hardhat plugin to deploy and update upgradable smart contracts for the ZKsync network",
   "repository": "github:matter-labs/hardhat-zksync",
   "homepage": "https://github.com/matter-labs/hardhat-zksync/tree/main/packages/hardhat-zksync-upgradable",