Unable to install app on iPhone OS 14.5

When I updated iPhone to 14.5 and run the Application from Xcode I get the following error:
Unable to install "xxxx"
Domain: com.apple.dt.MobileDeviceErrorDomain
Code: -402620375

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The code signature version is no longer supported.
Domain: com.apple.dt.MobileDeviceErrorDomain
Code: -402620375
User Info: {
DVTRadarComponentKey = 261622;
MobileDeviceErrorCode = "(0xE8008029)";
"com.apple.dtdevicekit.stacktrace" = (
0 DTDeviceKitBase 0x0000000120793c8f DTDKCreateNSErrorFromAMDErrorCode + 220
1 DTDeviceKitBase 0x00000001207d2241 __90-[DTDKMobileDeviceToken installApplicationBundleAtPath:withOptions:andError:withCallback:]_block_invoke + 155
2 DVTFoundation 0x000000010356764b DVTInvokeWithStrongOwnership + 71
3 DTDeviceKitBase 0x00000001207d1f82 -[DTDKMobileDeviceToken installApplicationBundleAtPath:withOptions:andError:withCallback:] + 1440
4 IDEiOSSupportCore 0x0000000120642a10 __118-[DVTiOSDevice(DVTiPhoneApplicationInstallation) processAppInstallSet:appUninstallSet:installOptions:completionBlock:]_block_invoke.292 + 3513
5 DVTFoundation 0x000000010369617e __DVT_CALLING_CLIENT_BLOCK__ + 7
6 DVTFoundation 0x0000000103697da0 __DVTDispatchAsync_block_invoke + 1191
7 libdispatch.dylib 0x00007fff6a54c6c4 _dispatch_call_block_and_release + 12
8 libdispatch.dylib 0x00007fff6a54d658 _dispatch_client_callout + 8
9 libdispatch.dylib 0x00007fff6a552c44 _dispatch_lane_serial_drain + 597
10 libdispatch.dylib 0x00007fff6a5535d6 _dispatch_lane_invoke + 363
11 libdispatch.dylib 0x00007fff6a55cc09 _dispatch_workloop_worker_thread + 596
12 libsystem_pthread.dylib 0x00007fff6a7a7a3d _pthread_wqthread + 290
13 libsystem_pthread.dylib 0x00007fff6a7a6b77 start_wqthread + 15
);
}

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System Information

macOS Version 10.15.7 (Build 19H524)
Xcode 12.4 (17801) (Build 12D4e)
Timestamp: 2021-04-30T10:05:10+08:00

Any workaround to solve this issue is appreciated.