Access a Label object from a Panel, all within a ToolStripMenuItem - vb.net

Question

I am trying to move a Label object from a Panel object, in this case I have a parent panel that has Panel and Label objects as child, these are dynamically created. The objective is that when executing from the ToolStripMenuItem, when the Panel object is moved, the Label object is also moved.
I made the following code, but I think I could not move the Label object. From what I understand, what I am doing is generating the variable that is called the same as the Label that I need, but what I need is to refer to the existing object, not the new one. (this is correct?)
Private Sub ToolStripMenuItem1_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles ToolStripMenuItem1.Click
Dim clickedPanel = DirectCast(DirectCast(DirectCast(sender, ToolStripMenuItem).Owner, ContextMenuStrip).SourceControl, Panel)
clickedPanel.Location = New Point((clickedPanel.Location.X + 120), clickedPanel.Location.Y)
Dim posX = clickedPanel.Location.X + 120
Dim posY = clickedPanel.Location.Y
Dim namelabel As New Label With {
.Name = "Label" & clickedPanel.Name.Last
}
namelabel.Location = New Point((posX), posY)
End Sub
Could you please guide me?
Note: I Forgot something, in this case, If I move the Panel1, Label1 will move too, if I move Panel2, Label2 will move too, etc, etc.

Answer 1

This is the code, where the label is created inside the panel dynamically, and move together.
Private Sub NavButton15_ElementClick(sender As Object, e As NavElementEventArgs) Handles NavButton15.ElementClick
Dim pos As Int32 = 50
Dim poslabel As Int16 = 26
Dim posY As Int16 = 330
Dim posX As Int16 = 3
Dim counter as Int16 = 1
Panel1.AutoScrollPosition = New Point(0, 0)
Dim pb As New Panel With
{
.Width = 120,
.Height = 460,
.Top = 10,
.Left = 10,
.BorderStyle = BorderStyle.FixedSingle,
.BackgroundImage = Image.FromFile("C:\Example.bmp"),
.BackgroundImageLayout = ImageLayout.Stretch,
.ContextMenuStrip = CntxtMnuStrpSection,
.Name = "Panel" & counter
}
Dim labela As New Label With {
.AutoSize = True,
.Location = New Point((poslabel), 12),
.Text = "Panel " & counter,
.ForeColor = Color.White,
.BackColor = Color.Transparent,
.Font = New Font(Me.Font, FontStyle.Bold),
.Name = "Label" & counter
}
pb.Location = New Point(pos, 20)
Panel1.Controls.Add(pb)
pb.Controls.Add(labela)
End Sub
This is the ToolStripMenuItem where move the panel whit the label.
Private Sub ToolStripMenuItem_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles ToolStripMenuItem.Click
Dim clickedPanel = DirectCast(DirectCast(DirectCast(sender, ToolStripMenuItem).Owner, ContextMenuStrip).SourceControl, Panel)
clickedPanel.Location = New Point((clickedPanel.Location.X + 120), clickedPanel.Location.Y)
End Sub