diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 247d592..5ad8716 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.10.0"
+distribution-version = "2201.9.0"
 
 [[package]]
 org = "ballerina"
@@ -50,7 +50,7 @@ modules = [
 [[package]]
 org = "ballerinax"
 name = "jaeger"
-version = "0.5.2"
+version = "0.5.3"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
diff --git a/gradle.properties b/gradle.properties
index d2b098d..3385f81 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 group=org.ballerinalang
-version=0.5.3-SNAPSHOT
+version=0.5.4-SNAPSHOT
 ballerinaLangVersion=2201.9.0
 org.gradle.caching=true
 org.gradle.parallel=true