diff --git a/CHANGELOG.md b/CHANGELOG.md
index d57d0e44..e27d6758 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,15 @@
+<a name="1.0.0-rc.12"></a>
+# [1.0.0-rc.12](https://github.com/vuejs/composition-api/compare/v1.0.0-rc.11...v1.0.0-rc.12) (2021-06-17)
+
+
+### Bug Fixes
+
+* **proxyRefs:** infinite loop when using proxyRefs. ([#730](https://github.com/vuejs/composition-api/issues/730)) ([0b6ab25](https://github.com/vuejs/composition-api/commit/0b6ab25))
+* **reactivity:** check type of __ob__ in isRaw and isReactive ([#732](https://github.com/vuejs/composition-api/issues/732)) ([97dd671](https://github.com/vuejs/composition-api/commit/97dd671))
+* **watch:** watched previous values can't be destructure on first fire. ([#727](https://github.com/vuejs/composition-api/issues/727)) ([b3ab6f9](https://github.com/vuejs/composition-api/commit/b3ab6f9))
+
+
+
 <a name="1.0.0-rc.11"></a>
 # [1.0.0-rc.11](https://github.com/vuejs/composition-api/compare/v1.0.0-rc.10...v1.0.0-rc.11) (2021-06-04)
 
diff --git a/README.md b/README.md
index 4500334d..dcf4e047 100644
--- a/README.md
+++ b/README.md
@@ -41,7 +41,7 @@ Include `@vue/composition-api` after Vue and it will install itself automaticall
 <!--cdn-links-start-->
 ```html
 <script src="https://cdn.jsdelivr.net/npm/vue@2.6"></script>
-<script src="https://cdn.jsdelivr.net/npm/@vue/composition-api@1.0.0-rc.11"></script>
+<script src="https://cdn.jsdelivr.net/npm/@vue/composition-api@1.0.0-rc.12"></script>
 ```
 <!--cdn-links-end-->
 
diff --git a/README.zh-CN.md b/README.zh-CN.md
index 735d438e..12b6955b 100644
--- a/README.zh-CN.md
+++ b/README.zh-CN.md
@@ -40,7 +40,7 @@ import { ref, reactive } from '@vue/composition-api'
 <!--cdn-links-start-->
 ```html
 <script src="https://cdn.jsdelivr.net/npm/vue@2.6"></script>
-<script src="https://cdn.jsdelivr.net/npm/@vue/composition-api@1.0.0-rc.11"></script>
+<script src="https://cdn.jsdelivr.net/npm/@vue/composition-api@1.0.0-rc.12"></script>
 ```
 <!--cdn-links-end-->
 
diff --git a/package.json b/package.json
index b0ea90ac..3988edb2 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/composition-api",
-  "version": "1.0.0-rc.11",
+  "version": "1.0.0-rc.12",
   "description": "Provide logic composition capabilities for Vue.",
   "keywords": [
     "vue",