diff --git a/charts/gitea/Chart.yaml b/charts/gitea/Chart.yaml
index 6a9bf816596dfc4d6a3104edf5bbc90ee3ab60d3..7f5f2c8685ca53f5e452d3b203ee3482e19c283b 100644
--- a/charts/gitea/Chart.yaml
+++ b/charts/gitea/Chart.yaml
@@ -8,10 +8,10 @@ maintainers:
   - name: groundhog2k
 
 # This is the chart version
-version: 0.5.3
+version: 0.5.4
 
 # This is the version number of the application being deployed.
-appVersion: "1.16.2"
+appVersion: "1.16.3"
 
 dependencies:
   - name: mariadb
diff --git a/charts/gitea/README.md b/charts/gitea/README.md
index 0c3e30225bec7c43bf78ca52c9d588b450bfb952..e63b153c4c855b52bd16e7417aa6f717cb11090c 100644
--- a/charts/gitea/README.md
+++ b/charts/gitea/README.md
@@ -1,6 +1,6 @@
 # Gitea
 
-![Version: 0.5.3](https://img.shields.io/badge/Version-0.5.3-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 1.16.2](https://img.shields.io/badge/AppVersion-1.16.2-informational?style=flat-square)
+![Version: 0.5.4](https://img.shields.io/badge/Version-0.5.4-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 1.16.3](https://img.shields.io/badge/AppVersion-1.16.3-informational?style=flat-square)
 
 ## Changelog
 
diff --git a/charts/gitea/RELEASENOTES.md b/charts/gitea/RELEASENOTES.md
index 207661570fbd7cb3b00b940126e92c6ad928d652..3442637fbfd2173b2d56c66ee810f3676bf1cb10 100644
--- a/charts/gitea/RELEASENOTES.md
+++ b/charts/gitea/RELEASENOTES.md
@@ -8,4 +8,5 @@
 | 0.5.1 | 1.16.1 | Updated to Gitea 1.16.1 |
 | 0.5.2 | 1.16.1 | Updated chart dependencies (mariadb 0.2.18 / postgres 0.2.17) |
 | 0.5.3 | 1.16.2 | Updated to Gitea 1.16.2 |
+| 0.5.4 | 1.16.3 | Updated to Gitea 1.16.3 |
 | | | |