diff --git a/rules/debootstrap.mk b/rules/debootstrap.mk
index a74fa22e9f..d325932ef6 100644
--- a/rules/debootstrap.mk
+++ b/rules/debootstrap.mk
@@ -1,6 +1,6 @@
 # debootstrap package
 
-DEBOOTSTRAP_VERSION = 1.0.123+deb11u1
+DEBOOTSTRAP_VERSION = 1.0.123+deb11u2
 
 export DEBOOTSTRAP_VERSION
 
diff --git a/src/sonic-platform-common b/src/sonic-platform-common
index ef8edea50a..29544edfe3 160000
--- a/src/sonic-platform-common
+++ b/src/sonic-platform-common
@@ -1 +1 @@
-Subproject commit ef8edea50a1dc385d4d8702a50b529117fe53637
+Subproject commit 29544edfe30570502f6f63cec9944a8ff191c2f7