Any trick to use opacity on a panel in Visual Studio Window Form?

1. Create a class that inherits from Panel.
2. Set the ControlStyle.Opaque for control in constructor using SetStyle.

If true, the control is drawn opaque and the background is not
painted.

2. Override CreateParams and set WS_EX_TRANSPARENT style for it.

Specifies that a window created with this style is to be transparent.
That is, any windows that are beneath the window are not obscured by
the window. A window created with this style receives WM_PAINT
messages only after all sibling windows beneath it have been updated.

3. Create an Opacity property that accepts values from 0 to 100 that will be used as alpha channel of background.
4. Override OnPaint and fill the background using an alpha enabled Brush that is created from BackGroundColor and Opacity.

Complete Code

public class ExtendedPanel : Panel
{
    private const int WS_EX_TRANSPARENT = 0x20;
    public ExtendedPanel()
    {
        SetStyle(ControlStyles.Opaque, true);
    }

    private int opacity = 50;
    [DefaultValue(50)]
    public int Opacity
    {
        get
        {
            return this.opacity;
        }
        set
        {
            if (value < 0 || value > 100)
                throw new ArgumentException("value must be between 0 and 100");
            this.opacity = value;
        }
    }
    protected override CreateParams CreateParams
    {
        get
        {
            CreateParams cp = base.CreateParams;
            cp.ExStyle = cp.ExStyle | WS_EX_TRANSPARENT;
            return cp;
        }
    }
    protected override void OnPaint(PaintEventArgs e)
    {
        using (var brush = new SolidBrush(Color.FromArgb(this.opacity * 255 / 100, this.BackColor)))
        {
            e.Graphics.FillRectangle(brush, this.ClientRectangle);
        }
        base.OnPaint(e);
    }
}

Screenshot