diff --git a/charts/harbor-operator/README.md b/charts/harbor-operator/README.md
index c3f61640c..f65ba585f 100644
--- a/charts/harbor-operator/README.md
+++ b/charts/harbor-operator/README.md
@@ -37,7 +37,7 @@ Deploy Harbor Operator
 | harborClass | string | `""` | Class name of the Harbor operator |
 | image.pullPolicy | string | `"IfNotPresent"` | The image pull policy for the controller. |
 | image.repository | string | `"goharbor/harbor-operator"` | The image repository whose default is the chart appVersion. |
-| image.tag | string | `"dev"` | The image tag whose default is the chart appVersion. |
+| image.tag | string | `"v1.2.0-rc1"` | The image tag whose default is the chart appVersion. |
 | imagePullSecrets | list | `[]` | Reference to one or more secrets to be used when pulling images <https://kubernetes.io/docs/tasks/configure-pod-container/pull-image-private-registry/> For example: `[   {"name":"image-pull-secret"} ]` |
 | installCRDs | bool | `false` | If true, CRD resources will be installed as part of the Helm chart. If enabled, when uninstalling CRD resources will be deleted causing all installed custom resources to be DELETED |
 | leaderElection.namespace | string | `"kube-system"` | The namespace used to store the ConfigMap for leader election |
diff --git a/charts/harbor-operator/values.yaml b/charts/harbor-operator/values.yaml
index 21432f175..0c16bee86 100644
--- a/charts/harbor-operator/values.yaml
+++ b/charts/harbor-operator/values.yaml
@@ -4,7 +4,7 @@ image:
   # image.pullPolicy -- The image pull policy for the controller.
   pullPolicy: IfNotPresent
   # image.tag -- The image tag whose default is the chart appVersion.
-  tag: "dev"
+  tag: "v1.2.0-rc1"
 
 # installCRDs -- If true, CRD resources will be installed as part of the Helm chart. If enabled, when uninstalling CRD resources will be deleted causing all installed custom resources to be DELETED
 installCRDs: false
diff --git a/manifests/cluster/kustomization.yaml b/manifests/cluster/kustomization.yaml
index 29747ff6c..f4f3829d3 100644
--- a/manifests/cluster/kustomization.yaml
+++ b/manifests/cluster/kustomization.yaml
@@ -8,7 +8,7 @@ namespace: harbor-operator-ns
 commonAnnotations:
   goharbor.io/deploy-engine: Kustomization
   goharbor.io/deploy-mode: cluster
-  goharbor.io/operator-version: v1.1.0
+  goharbor.io/operator-version: v1.2.0
 
 # All the referred deployment manifests
 # NOTES: when doing changes to the ref versions, please also do same changes in the patch/annotation.yaml file
@@ -47,4 +47,4 @@ images:
     newName: ghcr.io/goharbor/postgres-operator
   - name: goharbor/harbor-operator
     newName: ghcr.io/goharbor/harbor-operator
-    newTag: dev_master
+    newTag: v1.2.0-rc1
diff --git a/manifests/harbor/kustomization.yaml b/manifests/harbor/kustomization.yaml
index 912b73e86..191608b8c 100644
--- a/manifests/harbor/kustomization.yaml
+++ b/manifests/harbor/kustomization.yaml
@@ -6,7 +6,7 @@ namespace: harbor-operator-ns
 
 # Common annotations
 commonAnnotations:
-  goharbor.io/operator-version: "v1.1.0"
+  goharbor.io/operator-version: "v1.2.0"
   goharbor.io/deploy-mode: "harbor"
   goharbor.io/deploy-engine: "Kustomization"
 
@@ -23,4 +23,4 @@ resources:
 images:
   - name: goharbor/harbor-operator
     newName: ghcr.io/goharbor/harbor-operator
-    newTag: dev_master
\ No newline at end of file
+    newTag: v1.2.0-rc1