diff --git a/examples/pom.xml b/examples/pom.xml
index 95255421d..ee3e7ca7c 100644
--- a/examples/pom.xml
+++ b/examples/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk-examples</artifactId>
   <packaging>jar</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk-examples</name>
 
   <properties>
diff --git a/pom.xml b/pom.xml
index 180e764cf..09b6e743f 100644
--- a/pom.xml
+++ b/pom.xml
@@ -7,7 +7,7 @@
   <groupId>io.dapr</groupId>
   <artifactId>dapr-sdk-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk-parent</name>
   <description>SDK for Dapr.</description>
   <url>https://dapr.io</url>
@@ -18,7 +18,7 @@
     <protobuf.version>3.25.0</protobuf.version>
     <protocCommand>protoc</protocCommand>
     <dapr.proto.baseurl>https://raw.githubusercontent.com/dapr/dapr/v1.14.0-rc.2/dapr/proto</dapr.proto.baseurl>
-    <dapr.sdk-workflows.version>0.12.0</dapr.sdk-workflows.version>
+    <dapr.sdk-workflows.version>0.12.1-rc-1</dapr.sdk-workflows.version>
     <os-maven-plugin.version>1.7.1</os-maven-plugin.version>
     <maven-dependency-plugin.version>3.1.1</maven-dependency-plugin.version>
     <maven-antrun-plugin.version>1.8</maven-antrun-plugin.version>
diff --git a/sdk-actors/pom.xml b/sdk-actors/pom.xml
index d46605457..777bfe53e 100644
--- a/sdk-actors/pom.xml
+++ b/sdk-actors/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk-actors</artifactId>
   <packaging>jar</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk-actors</name>
   <description>SDK for Actors on Dapr</description>
 
diff --git a/sdk-autogen/pom.xml b/sdk-autogen/pom.xml
index 6a0586f3a..19197c916 100644
--- a/sdk-autogen/pom.xml
+++ b/sdk-autogen/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk-autogen</artifactId>
   <packaging>jar</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk-autogen</name>
   <description>Auto-generated SDK for Dapr</description>
 
diff --git a/sdk-springboot/pom.xml b/sdk-springboot/pom.xml
index a165d9c4b..ba0da2898 100644
--- a/sdk-springboot/pom.xml
+++ b/sdk-springboot/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk-springboot</artifactId>
   <packaging>jar</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk-springboot</name>
   <description>SDK extension for Springboot</description>
 
diff --git a/sdk-springboot3/pom.xml b/sdk-springboot3/pom.xml
index e3996f1d6..53e6e8d62 100644
--- a/sdk-springboot3/pom.xml
+++ b/sdk-springboot3/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk-springboot3</artifactId>
   <packaging>jar</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk-springboot3</name>
   <description>SDK extension for Springboot 3.0</description>
 
diff --git a/sdk-tests/pom.xml b/sdk-tests/pom.xml
index 53cb3f03a..37f1908c0 100644
--- a/sdk-tests/pom.xml
+++ b/sdk-tests/pom.xml
@@ -15,7 +15,7 @@
     <maven.compiler.source>17</maven.compiler.source>
     <maven.compiler.target>17</maven.compiler.target>
     <maven.deploy.skip>true</maven.deploy.skip>
-    <dapr.sdk.version>1.12.0</dapr.sdk.version>
+    <dapr.sdk.version>1.12.1-rc-1</dapr.sdk.version>
     <protobuf.output.directory>${project.build.directory}/generated-sources</protobuf.output.directory>
     <protobuf.input.directory>${project.basedir}/proto</protobuf.input.directory>
     <grpc.version>1.64.0</grpc.version>
diff --git a/sdk-workflows/pom.xml b/sdk-workflows/pom.xml
index 2c076752c..24c670265 100644
--- a/sdk-workflows/pom.xml
+++ b/sdk-workflows/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk-workflows</artifactId>
   <packaging>jar</packaging>
-  <version>0.12.0</version>
+  <version>0.12.1-rc-1</version>
   <name>dapr-sdk-workflows</name>
   <description>SDK for Workflows on Dapr</description>
 
diff --git a/sdk/pom.xml b/sdk/pom.xml
index 7076da2cc..9f5253f99 100644
--- a/sdk/pom.xml
+++ b/sdk/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>1.12.0</version>
+    <version>1.12.1-rc-1</version>
   </parent>
 
   <artifactId>dapr-sdk</artifactId>
   <packaging>jar</packaging>
-  <version>1.12.0</version>
+  <version>1.12.1-rc-1</version>
   <name>dapr-sdk</name>
   <description>SDK for Dapr</description>