diff --git a/open-vm-tools-12.3.0-22234872.tar.gz b/open-vm-tools-12.3.5-22544099.tar.gz
similarity index 39%
rename from open-vm-tools-12.3.0-22234872.tar.gz
rename to open-vm-tools-12.3.5-22544099.tar.gz
index e6dd5671e87f0ee2ca45e27e6a3889b3a5e19e5e..84ba6c2efb0f32b6e7294e47316640e1523a281f 100644
Binary files a/open-vm-tools-12.3.0-22234872.tar.gz and b/open-vm-tools-12.3.5-22544099.tar.gz differ
diff --git a/open-vm-tools.spec b/open-vm-tools.spec
index 2b68e4893a1d19d1cff4a024ead1ab3424839921..9ed8056a53adf035b311df2f29824bc2fe02205e 100644
--- a/open-vm-tools.spec
+++ b/open-vm-tools.spec
@@ -21,8 +21,8 @@
 
 %global _hardened_build 1
 %global majorversion    12.3
-%global minorversion    0
-%global toolsbuild      22234872
+%global minorversion    5
+%global toolsbuild      22544099
 %global toolsversion    %{majorversion}.%{minorversion}
 %global toolsdaemon     vmtoolsd
 %global vgauthdaemon    vgauthd
@@ -389,6 +389,9 @@ fi
 %{_bindir}/vmware-vgauth-smoketest
 
 %changelog
+* Mon Nov 13 2023 Chenxi Mao <chenxi.mao@suse.com> - 12.3.5-1
+- Upgrade to 12.3.5
+
 * Sat Sep 16 2023 Chenxi Mao <chenxi.mao@suse.com> - 12.3.0-1
 - Upgrade to 12.3.0