diff --git a/.requirements b/.requirements
index a24ed4c78115..14bd56825cab 100644
--- a/.requirements
+++ b/.requirements
@@ -17,7 +17,7 @@ LIBEXPAT_SHA256=d4cf38d26e21a56654ffe4acd9cd5481164619626802328506a2869afab29ab3
 
 LUA_KONG_NGINX_MODULE=3eb89666f84348fa0599d4e0a29ccf89511e8b75 # 0.13.0
 LUA_RESTY_LMDB=890b3caf45bd052e319e48349ef393ec93e08ac4 # 1.5.0
-LUA_RESTY_EVENTS=2dcd1d7a256c53103c0fdbe804f419174e0ea8ba # 0.3.0
+LUA_RESTY_EVENTS=bc85295b7c23eda2dbf2b4acec35c93f77b26787 # 0.3.1
 LUA_RESTY_SIMDJSON=7e6466ce91b2bc763b45701a4f055e94b1e8143b # 1.1.0
 LUA_RESTY_WEBSOCKET=966c69c39f03029b9b42ec0f8e55aaed7d6eebc0 # 0.4.0.1
 ATC_ROUTER=ffd11db657115769bf94f0c4f915f98300bc26b6 # 1.6.2
diff --git a/changelog/unreleased/kong/bump-lua-resty-events.yml b/changelog/unreleased/kong/bump-lua-resty-events.yml
new file mode 100644
index 000000000000..72e503a0c391
--- /dev/null
+++ b/changelog/unreleased/kong/bump-lua-resty-events.yml
@@ -0,0 +1,3 @@
+message: Bumped lua-resty-events to 0.3.1. Optimized the memory usage.
+type: dependency
+scope: Core