diff --git a/infra/release/release_note.md b/infra/release/release_note.md
index 2b7525a9..c7dab338 100644
--- a/infra/release/release_note.md
+++ b/infra/release/release_note.md
@@ -1,51 +1,14 @@
-# Release Note 0.3.0
+# Release Note 0.4.0
 
 ## ONE-vscode
 
 ### ONE Explorer View
 
-- Add hide-and-show button
-- Show more files
-  - Memory trace files
-  - Performance trace files
-  - Circle log files
-  - Extra backend model binary files
-- Open files with dedicated editor/viewers
-  - Circle files - 'Circle Viewer'
-  - Memory trace files - 'Mondrian Viewer'
-  - Performance trace files - 'Json Tracer'
-  - Circle log files - 'Text Editor'
-
+- Improve latency on startup/refresh/file system changes
+- Revive rename command for ONE configuration files
+- Support refactoring - a function that automatically updates corresponding fields in ONE configuration files when parent model files are renamed
+- Support multi-root workspace
 ### Toolchain View
 
-- Introduce `Default Toolchain` concept
-- Support for configuring prerequisites
-- Run configuration file with the selected default toolchain
-
-### Target Device View
-
-- Add devices on local connection
-  - Supported devices
-    - Local PC (Ubuntu 18.04)
-    - SDB-connected Tizen devices
-- Show usable executors under each device (ex. simulators)
-
-### Cfg Editor
-
-- Help message is shown when mouse is over the question mark icon
-- Path of file can be set by clicking search icon
-- Trivial bugfix
-
-### Circle Viewer
-
-- Provides graphical view of circle model
-- Powered by famous [netron](https://github.com/lutzroeder/netron) source code
-
-### Mondrian Viewer
-
-- Provide graphical view of allocation trace files
-
-### JSON Tracer
+- Support ONE toolchain
 
-- Provide graphical view of chrome trace files
-- Inspired by the trace viewer of [catapult](https://chromium.googlesource.com/catapult) source code
diff --git a/package-lock.json b/package-lock.json
index 617a11cd..9d619e46 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "one-vscode",
-  "version": "0.3.0",
+  "version": "0.4.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "one-vscode",
-      "version": "0.3.0",
+      "version": "0.4.0",
       "dependencies": {
         "@vscode/codicons": "^0.0.29",
         "@vscode/webview-ui-toolkit": "^0.9.3",
diff --git a/package.json b/package.json
index b02b7d77..06c51698 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
   "name": "one-vscode",
   "displayName": "one-vscode",
   "description": "ONE for VSCode",
-  "version": "0.3.0",
+  "version": "0.4.0",
   "publisher": "Samsung",
   "engines": {
     "vscode": "^1.57.0"