diff --git a/CHANGELOG.md b/CHANGELOG.md
index d26c96e204b..3f591ba33ff 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ All notable changes to this project will be documented in this file.
 ### Bug fixes
 
 - Pad input image to square when tiling is enabled (<https://github.com/openvinotoolkit/training_extensions/pull/3844>)
+- Fix confusion matrix calculation (<https://github.com/openvinotoolkit/training_extensions/pull/3857>)
 
 ## \[v1.6.3\]
 
diff --git a/README.md b/README.md
index 7f49f9b276f..b9ae6e848ef 100644
--- a/README.md
+++ b/README.md
@@ -98,11 +98,10 @@ You can find more details with examples in the [CLI command intro](https://openv
 
 ## Updates
 
-### v1.6.3 (3Q24)
+### v1.6.4 (3Q24)
 
-- Improve Vitens Kiemgetal OTX 1.6.x
-- Fix rotated detection data pipeline
-- Update dependencies to omit vulnerabilities
+- Pad input image to square when tiling is enabled
+- Fix confusion matrix calculation
 
 ### Release History
 
diff --git a/docs/source/guide/release_notes/index.rst b/docs/source/guide/release_notes/index.rst
index 23e3cc07eb8..78eca0faf31 100644
--- a/docs/source/guide/release_notes/index.rst
+++ b/docs/source/guide/release_notes/index.rst
@@ -4,6 +4,12 @@ Releases
 .. toctree::
    :maxdepth: 1
 
+v1.6.4 (3Q24)
+-------------
+
+- Pad input image to square when tiling is enabled
+- Fix confusion matrix calculation
+
 v1.6.3 (3Q24)
 -------------
 
diff --git a/src/otx/__init__.py b/src/otx/__init__.py
index a666720b0db..340a03de59b 100644
--- a/src/otx/__init__.py
+++ b/src/otx/__init__.py
@@ -3,5 +3,5 @@
 # Copyright (C) 2021-2023 Intel Corporation
 # SPDX-License-Identifier: Apache-2.0
 
-__version__ = "1.6.4rc0"
+__version__ = "1.6.4"
 # NOTE: Sync w/ src/otx/api/usecases/exportable_code/demo/requirements.txt on release
diff --git a/src/otx/api/usecases/exportable_code/demo/requirements.txt b/src/otx/api/usecases/exportable_code/demo/requirements.txt
index a361e9558b2..8d5f5a0261c 100644
--- a/src/otx/api/usecases/exportable_code/demo/requirements.txt
+++ b/src/otx/api/usecases/exportable_code/demo/requirements.txt
@@ -1,4 +1,4 @@
 openvino==2023.3.0
 openvino-model-api==0.1.9.1
-otx==1.6.3
+otx==1.6.4
 numpy>=1.21.0,<=1.23.5  # np.bool was removed in 1.24.0 which was used in openvino runtime