Search And Extract Cell Data After And Before Specific Values With Formula

I need a formula to extract data after "<li>Color: " & before"</li>"

A
B

1
ORIGINAL
RESULTS

2
blah blah blah<li>Color: White</li>some informations
White

3
blah blah blah<li>Color: Red</li>some informations
Red

4
blah blah blah<li>Color: Black</li>some informations
Black

5
blah blah blah<li>Color: Red</li>some informations
Red

I have already use this formula but I get the "#VALUE!" error even if the cell contains the "<li>Color: </li>" data.

[Code] ....

Sometimes, some cells does not contain the "<li>Color: </li>" data, I don't want the "#VALUE!" error, I just want a blank cell there.

This is an example with the real values I want to extract Example.xlsx

This is the formula that works

[Code] ......