The Alliance has announced the release of Matter version 1.4.1, which is a significant step forward in the development of the Matter ecosystem. This release introduces three new features: Enhanced Setup Flow (ESF), a QR code for configuring multiple devices, and connection information in the NFC Tag, designed to simplify device setup and facilitate regulatory compliance,
providing benefits for both device manufacturers and end users.
(A Smarter Start: Matter 1.4.1 Makes Setup Easier - CSA-IOT)
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Will current S1 or M3 Hubs get with new version of Matter via SW update?
Excited to see Matter getting better and better!
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Aqara Hubs have been updated to Matter 1.4, you can update your hubs to the latest version.
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Where can I find out which version I have? 
I am not aware that the Matter version is being displayed in the Aqara app. The firmware version page shows versions for, for example, Zigbee and Thread and it would be a good place to share the Matter version as well.
I am wondering whether added Matter accessories should list the required Matter version as well. For example, what happens if you share a Matter accessory with a Matter controller which does not support the Matter accessory because it only supports a lower version of the Matter standard?
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The Matter version is not displayed in app
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Implementation might take time , chill and relaxed 
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