diff --git a/charts/chart_versions.yaml b/charts/chart_versions.yaml
index 4bbd1f0ce5d..be8fb271646 100644
--- a/charts/chart_versions.yaml
+++ b/charts/chart_versions.yaml
@@ -1,5 +1,5 @@
 charts:
-  - version: 1.16.102
+  - version: 1.16.103
     filename: /charts/rke2-cilium.yaml
     bootstrap: true
   - version: v3.28.1-build2024083000