diff --git a/.github/workflows/update_release_refs.py b/.github/workflows/update_release_refs.py
new file mode 100644
index 0000000000..e532a264b8
--- /dev/null
+++ b/.github/workflows/update_release_refs.py
@@ -0,0 +1,32 @@
+import os
+import sys
+
+import yaml
+
+folder_path = sys.argv[1]
+# Define the folder where YAML files are located
+# folder_path = f"/manifests/{new_version}"  # Replace with the actual folder path
+
+# Get the folder name and use it as the new version
+new_version = os.path.basename(folder_path)
+
+# Define a list of component names that should have the same version as 'OpenSearch' and 'common-utils'
+same_version_components = ['OpenSearch', 'common-utils']
+
+# Iterate through YAML files in the folder and update the 'ref' in each file
+for filename in os.listdir(folder_path):
+    if filename.endswith('.yml'):
+        yaml_file = os.path.join(folder_path, filename)
+        with open(yaml_file, 'r') as file:
+            data = yaml.safe_load(file)
+        for component in data.get('components', []):
+            if component['name'] in same_version_components:
+                ref = component.get('ref', 'Not found')
+                component['ref'] = f'tags/{new_version}'
+            else:
+                component['ref'] = f'tags/{new_version}.0'
+
+        with open(yaml_file, 'w') as file:
+            yaml.dump(data, file)
+
+print(f"Ref values updated in the specified YAML files in the folder. New version: {new_version}")