Welcome to the Forum, @velore.prasad! 
What you’re describing reminds me of two other recent topics. In this first one, start at this post and read on:
This is the other related topic that comes to mind:
In this second topic, the solution seemed to be contacting Wyze Support for direct assistance. Reportedly they were able to push a firmware update that resolved that user’s issue with Solar Cam Pan’s settings not saving.
If you haven’t already done so, I’d submit a log from the app and then open a ticket with Support that references the Log ID you generate. If they seem confused about a possible resolution, then I’d also direct them to the second topic I linked above, because that seems to be the solution for now.
In the future, please note that stating the actual firmware version is probably more helpful to the community than saying “latest”. Because of the way Wyze has been phasing firmware distribution, what’s “latest” for you might not be the same version as for other users.