diff --git a/.gitmodules b/.gitmodules
index b45818f..88ec918 100644
--- a/.gitmodules
+++ b/.gitmodules
@@ -1,4 +1,4 @@
-[submodule "tools/release/shared"]
-	path = tools/release/shared
-	url = https://github.com/apache/flink-connector-shared-utils
+[submodule "tools/releasing/shared"]
+	path = tools/releasing/shared
+	url = https://github.com/apache/flink-connector-shared-utils.git
 	branch = release_utils
diff --git a/tools/release/shared b/tools/release/shared
deleted file mode 160000
index 81065c0..0000000
--- a/tools/release/shared
+++ /dev/null
@@ -1 +0,0 @@
-Subproject commit 81065c02fda44e20993a207d075299d2ec5166f1
diff --git a/tools/releasing/shared b/tools/releasing/shared
new file mode 160000
index 0000000..164789b
--- /dev/null
+++ b/tools/releasing/shared
@@ -0,0 +1 @@
+Subproject commit 164789be5fdfe85f169107b67806612f6bd9e7cf