Finally it worked. The issue was related to a network folder.
So I have my additional library folder and Android SDK on a different computer. So until the previous version, there was no issue accessing the libraries from the network folder.
The latest B4A IDE cannot access the additional libraries from a network path. But it can access the android.jar from a network path without any issue.
Solution: I copied the additional library folder to the current computer where I installed the B4A.