diff --git a/CHANGELOG.md b/CHANGELOG.md
index c2a25eadb9c..2ee376701f8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,18 @@
+## [3.4.6](https://github.com/vuejs/core/compare/v3.4.5...v3.4.6) (2024-01-08)
+
+
+### Bug Fixes
+
+* **build:** revert "build: add production/development export conditions ([#9977](https://github.com/vuejs/core/issues/9977))" ([7bd4e90](https://github.com/vuejs/core/commit/7bd4e90506547c42234165776b01793abd37b148)), closes [#10012](https://github.com/vuejs/core/issues/10012) [#10020](https://github.com/vuejs/core/issues/10020)
+* fix post watcher fire timing on nested app mounts ([3c3561e](https://github.com/vuejs/core/commit/3c3561e7203091f49d57f1da6d822c91e462bc46)), closes [#10005](https://github.com/vuejs/core/issues/10005)
+* **hydration:** avoid hydration mismatch warning for styles with different order ([#10011](https://github.com/vuejs/core/issues/10011)) ([2701355](https://github.com/vuejs/core/commit/2701355e8eb07ab664e398d9fc05d6c4e2e9b20e)), closes [#10000](https://github.com/vuejs/core/issues/10000) [#10006](https://github.com/vuejs/core/issues/10006)
+* **runtime-core:** handle fragment with null children ([#10010](https://github.com/vuejs/core/issues/10010)) ([3bf34b7](https://github.com/vuejs/core/commit/3bf34b767e4dd3cf6a974301ecf0363ae4dda4ec)), closes [#10007](https://github.com/vuejs/core/issues/10007)
+* **scheduler:** sort nested postFlushCbs ([d9162df](https://github.com/vuejs/core/commit/d9162dfc2ee0c3a369fb9bf32ff413e74761bee6)), closes [#10003](https://github.com/vuejs/core/issues/10003)
+* **suspense:** fix anchor for suspense with transition out-in ([#9999](https://github.com/vuejs/core/issues/9999)) ([a3fbf21](https://github.com/vuejs/core/commit/a3fbf2132b0cd3655e969e290548c8fabc08fd33)), closes [#9996](https://github.com/vuejs/core/issues/9996)
+* **types:** allow `null` type for textarea value ([#9997](https://github.com/vuejs/core/issues/9997)) ([c379bc2](https://github.com/vuejs/core/commit/c379bc29efc70d6ac5840de10c357ee3dad998c0)), closes [#9904](https://github.com/vuejs/core/issues/9904)
+
+
+
 ## [3.4.5](https://github.com/vuejs/core/compare/v3.4.4...v3.4.5) (2024-01-04)
 
 
diff --git a/package.json b/package.json
index e8c3c181c27..b43d0c775c0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "private": true,
-  "version": "3.4.5",
+  "version": "3.4.6",
   "packageManager": "pnpm@8.14.0",
   "type": "module",
   "scripts": {
diff --git a/packages/compiler-core/package.json b/packages/compiler-core/package.json
index e48dd6b22a9..dac7c7c6805 100644
--- a/packages/compiler-core/package.json
+++ b/packages/compiler-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-core",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/compiler-core",
   "main": "index.js",
   "module": "dist/compiler-core.esm-bundler.js",
diff --git a/packages/compiler-dom/package.json b/packages/compiler-dom/package.json
index 6fe12c2fea7..c85a96c8e85 100644
--- a/packages/compiler-dom/package.json
+++ b/packages/compiler-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-dom",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/compiler-dom",
   "main": "index.js",
   "module": "dist/compiler-dom.esm-bundler.js",
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index f5db241b3a8..8160ae87024 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/compiler-sfc",
   "main": "dist/compiler-sfc.cjs.js",
   "module": "dist/compiler-sfc.esm-browser.js",
diff --git a/packages/compiler-ssr/package.json b/packages/compiler-ssr/package.json
index 3c075cb3818..1c13d137627 100644
--- a/packages/compiler-ssr/package.json
+++ b/packages/compiler-ssr/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-ssr",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/compiler-ssr",
   "main": "dist/compiler-ssr.cjs.js",
   "types": "dist/compiler-ssr.d.ts",
diff --git a/packages/reactivity/package.json b/packages/reactivity/package.json
index 5364b00fcfb..449fa320e56 100644
--- a/packages/reactivity/package.json
+++ b/packages/reactivity/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/reactivity",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/reactivity",
   "main": "index.js",
   "module": "dist/reactivity.esm-bundler.js",
diff --git a/packages/runtime-core/package.json b/packages/runtime-core/package.json
index f3cf02966d3..6566425729c 100644
--- a/packages/runtime-core/package.json
+++ b/packages/runtime-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-core",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/runtime-core",
   "main": "index.js",
   "module": "dist/runtime-core.esm-bundler.js",
diff --git a/packages/runtime-dom/package.json b/packages/runtime-dom/package.json
index 25c11bb7975..1cebac77a5a 100644
--- a/packages/runtime-dom/package.json
+++ b/packages/runtime-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-dom",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/runtime-dom",
   "main": "index.js",
   "module": "dist/runtime-dom.esm-bundler.js",
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index 65e70eff07d..7c6f599a0a6 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/server-renderer",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "@vue/server-renderer",
   "main": "index.js",
   "module": "dist/server-renderer.esm-bundler.js",
diff --git a/packages/shared/package.json b/packages/shared/package.json
index 353ca130da0..0a124aabfdc 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/shared",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "internal utils shared across @vue packages",
   "main": "index.js",
   "module": "dist/shared.esm-bundler.js",
diff --git a/packages/vue-compat/package.json b/packages/vue-compat/package.json
index 3d1869acf95..95985cc43b0 100644
--- a/packages/vue-compat/package.json
+++ b/packages/vue-compat/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compat",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "Vue 3 compatibility build for Vue 2",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
diff --git a/packages/vue/package.json b/packages/vue/package.json
index bf8dd727f8e..9cc67d325f4 100644
--- a/packages/vue/package.json
+++ b/packages/vue/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "3.4.5",
+  "version": "3.4.6",
   "description": "The progressive JavaScript framework for building modern web UI.",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",