Hainan Drinda New Energy Technology (SHE:002865, HKG:2865) said it is not aware of any undisclosed material information behind recent movements in its mainland-listed share price, according to a Monday Hong Kong bourse filing.

Shares of the photovoltaic cell manufacturer were down nearly 14% in Tuesday morning trade in Hong Kong, while its Shenzhen-listed shares were down over 7%.

The company said the cumulative rise in the closing price of its A-shares reached 20% over three consecutive sessions from Jan. 22 to Jan. 26, triggering an "unusual price movement" alert under Shenzhen Stock Exchange trading rules.

Drinda said operations remain normal, with no material changes in business conditions or the operating environment.

The company added that there are no undisclosed matters requiring disclosure, no pending major transactions or planning matters, and no violations of information disclosure rules.