I am glad that you find the root cause. And thanks for your sharing here.
By the way, since the Microsoft Q&A community has a policy that "The question author cannot accept their own answer. They can only accept answers by others.", and according to the scenario introduced here: Answering your own questions on Microsoft Q&A, I would make a brief summary of this thread:
Issue Symptom:
Excel file deleting color after mandatory restarts after Windows 11 install.
Current Status:
Solved via Chornyak, Cindy (she/her).
Because CSV files are plain text files, they do not contain any information about format nor data struct. So, we need to save Excel files to .xlsx format to save formats.
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