diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7cbd333..5e8e6d3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,7 @@
 
 All notable changes to this project will be documented in this file.
 
-## Next version (Unreleased)
+## 0.16.2 (October 10, 2024)
 
 - Build wheels for Python 3.13
 - Deprecate support for Python version before 3.9 and stop building wheels for them
diff --git a/pyproject.toml b/pyproject.toml
index 492f712..dd885e4 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,5 +1,6 @@
 [build-system]
-# setuptools 64.0+ support --build-option
-requires = ["setuptools>=64.0"]
+# setuptools 64+ support --build-option
+# setuptools 74+ drops distutils.msvc9compiler required for Python 3.9 under Windows
+requires = ["setuptools>=64,<74"]
 backend-path = ["build_script"]
-build-backend = "pyzstd_pep517"
\ No newline at end of file
+build-backend = "pyzstd_pep517"
diff --git a/src/__init__.py b/src/__init__.py
index 7330907..dbaeef1 100644
--- a/src/__init__.py
+++ b/src/__init__.py
@@ -17,7 +17,7 @@
 from .zstdfile import *
 from .seekable_zstdfile import *
 
-__version__ = '0.16.1'
+__version__ = '0.16.2'
 
 __doc__ = '''\
 Python bindings to Zstandard (zstd) compression library, the API style is