Adding changelog to your manifest file
From Joomla! Documentation
Since Joomla 4.0 extension developers can leverage the ability of Joomla to read a changelog file and give a visual representation of the changelog. If a given version is not found in the changelog, the changelog button will not be shown.
The changes in a release will be presented in this manner:

The changelog is used in two different places.
Update View
The installer will show the changelog of the version that can be installed if available.
Manage View
The extension manager will show the changelog of the currently installed extension if available.
Update manifest file
The first step is to update your manifest file that tells Joomla where to find the changelog details. Add the following node to your manifest XML file:
<changelogurl>https://example.com/updates/changelog.xml</changelogurl>
Create changelog file
The changelog file must have the following 3 nodes:
- element
- type
- version
This information is used to identify the correct changelog for a given extension.
<element>com_lists</element>
<type>component</type>
<version>4.0.0</version>
Further the changelog is filled with one or more change types. The following change types are supported:
- security
Any security issues that have been fixed
- fix
Any bugs that have been fixed
- language
This is for language changes
- addition
Any new features added
- change
Any changes
- remove
Any features removed
- note
Any extra information to inform the user
Each node can be repeated as many times as needed.
<changelogs>
<changelog>
<element>com_lists</element>
<type>component</type>
<version>4.0.0</version>
<security>
<item>Item A</item>
<item>Item b</item>
</security>
<fix>
<item>Item A</item>
<item>Item b</item>
</fix>
<language>
<item>Item A</item>
<item>Item b</item>
</language>
<addition>
<item>Item A</item>
<item>Item b</item>
</addition>
<change>
<item>Item A</item>
<item>Item b</item>
</change>
<remove>
<item>Item A</item>
<item>Item b</item>
</remove>
<note>
<item>Item A</item>
<item>Item b</item>
</note>
</changelog>
<changelog>
<element>com_lists</element>
<type>component</type>
<version>0.0.2</version>
<security>
<item>Big issue</item>
</security>
</changelog>
</changelogs>
This file contains 2 changelogs:
- Version 0.0.2 (for testing the manage view)
- Version 4.0.0 (for testing the update view)
A changelog can have as many versions as needed.