diff --git a/README.md b/README.md
index b3473a12c..b0faf85c7 100644
--- a/README.md
+++ b/README.md
@@ -33,7 +33,8 @@
 
 <p align="center">Software Company Multi-Role Schematic (Gradually Implementing)</p>
 
-
+## News
+- Dec 15: v0.5.0 is released! We introduce **incremental development**, facilitating agents to build up larger projects on top of their previous efforts or exisiting human codebase. We also launch a whole collection of important features, including multilingual support (experimental), multiple programming languages support (experimental), incremental development (experimental), CLI support, pip support, enhanced code review, documentation mechanism, and optimized messaging mechanism!
 
 ## Install
 
diff --git a/config/config.yaml b/config/config.yaml
index 8fd208c59..dc4c4ea5a 100644
--- a/config/config.yaml
+++ b/config/config.yaml
@@ -1,6 +1,9 @@
 # DO NOT MODIFY THIS FILE, create a new key.yaml, define OPENAI_API_KEY.
 # The configuration of key.yaml has a higher priority and will not enter git
 
+#### Project Path Setting
+# WORKSPACE_PATH: "Path for placing output files"
+
 #### if OpenAI
 ## The official OPENAI_API_BASE is https://api.openai.com/v1
 ## If the official OPENAI_API_BASE is not available, we recommend using the [openai-forward](https://github.com/beidongjiedeguang/openai-forward).
diff --git a/setup.py b/setup.py
index 4dd453b3d..730fffd35 100644
--- a/setup.py
+++ b/setup.py
@@ -30,7 +30,7 @@ def run(self):
 
 setup(
     name="metagpt",
-    version="0.4.0",
+    version="0.5.0",
     description="The Multi-Role Meta Programming Framework",
     long_description=long_description,
     long_description_content_type="text/markdown",