LinkLabel no underline - Compact Framework

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I am developing a Windows CE app with Microsoft Compact Framework. I have to use a LinkLabel and it has to be white and no underline.

So in the designer, I modified font color by white and unchecked "underline" in the font dialog.

However, when I run the application, the font is still blue and underlined.

Is there a way to remove the underline of a LinkLabel and change its color?

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