diff --git a/open-vm-tools-12.1.5-20735119.tar.gz b/open-vm-tools-12.1.5-20735119.tar.gz
deleted file mode 100644
index 6b12745..0000000
Binary files a/open-vm-tools-12.1.5-20735119.tar.gz and /dev/null differ
diff --git a/open-vm-tools-12.3.0-22234872.tar.gz b/open-vm-tools-12.3.0-22234872.tar.gz
new file mode 100644
index 0000000..e6dd567
Binary files /dev/null and b/open-vm-tools-12.3.0-22234872.tar.gz differ
diff --git a/open-vm-tools.spec b/open-vm-tools.spec
index a68926b..2b68e48 100644
--- a/open-vm-tools.spec
+++ b/open-vm-tools.spec
@@ -20,9 +20,9 @@
 ################################################################################
 
 %global _hardened_build 1
-%global majorversion    12.1
-%global minorversion    5
-%global toolsbuild      20735119
+%global majorversion    12.3
+%global minorversion    0
+%global toolsbuild      22234872
 %global toolsversion    %{majorversion}.%{minorversion}
 %global toolsdaemon     vmtoolsd
 %global vgauthdaemon    vgauthd
@@ -71,6 +71,7 @@ BuildRequires:    pkgconfig(libdrm)
 BuildRequires:    pkgconfig(libudev)
 BuildRequires:    procps-devel
 BuildRequires:    xmlsec1-openssl-devel
+BuildRequires:    libxml2-devel
 BuildRequires:    gdk-pixbuf-xlib
 BuildRequires:    gtk3-devel >= 3.10.0
 BuildRequires:    gtkmm30-devel >= 3.10.0
@@ -89,6 +90,7 @@ Requires:         tar
 Requires:         util-linux
 Requires:         which
 Requires:         xmlsec1-openssl
+Requires:         libxml2
 
 # open-vm-tools >= 10.0.0 do not require open-vm-tools-deploypkg provided by
 # VMware. That functionality is now available as part of open-vm-tools package
@@ -387,6 +389,9 @@ fi
 %{_bindir}/vmware-vgauth-smoketest
 
 %changelog
+* Sat Sep 16 2023 Chenxi Mao <chenxi.mao@suse.com> - 12.3.0-1
+- Upgrade to 12.3.0
+
 * Wed Jan 18 2023 Chenxi Mao <chenxi.mao@suse.com> - 12.1.5-1
 - Upgrade to 12.1.5 with CVE fix