diff --git a/tools/base/requirements.txt b/tools/base/requirements.txt
index 268f131abcafb..9e749d45b4a7b 100644
--- a/tools/base/requirements.txt
+++ b/tools/base/requirements.txt
@@ -1604,7 +1604,7 @@ zstandard==0.22.0 \
     # via envoy-base-utils
 
 # The following packages are considered to be unsafe in a requirements file:
-setuptools==69.1.0 \
-    --hash=sha256:850894c4195f09c4ed30dba56213bf7c3f21d86ed6bdaafb5df5972593bfc401 \
-    --hash=sha256:c054629b81b946d63a9c6e732bc8b2513a7c3ea645f11d0139a2191d735c60c6
+setuptools==69.2.0 \
+    --hash=sha256:0ff4183f8f42cd8fa3acea16c45205521a4ef28f73c6391d8a25e92893134f2e \
+    --hash=sha256:c21c49fb1042386df081cb5d86759792ab89efca84cf114889191cd09aacc80c
     # via -r requirements.in