ColorChanged Event Handler Definition:
...
Sub ColorChanged(sender As Object, e As ColorEventArgs)
Demo4TextBox.Text = e.ColorValue
Demo4TextBox.BackColor = e.Color
Dim colorName As String = e.ColorName
If (colorName = string.Empty) Then
colorName = "Not Set"
End If
Demo4Label.Text = "The selected color's value is <b>" _
+ e.ColorValue + "</b>, and name is <b>" _
+ colorName + "</b>."
End Sub
...