The construction of full‐color fluorescence systems has received widespread attention because of their applications in lighting materials, optoelectronic materials, and fluorescent probes. However, for the full‐color luminescence system based on trichromatic materials, there are no connections between materials of different luminescent colors. Herein, A new donor‐acceptor dye with red fluorescence was synthesized. The dye displays excellent optical properties of short half‐peak width and strong fluorescence emission. An effective energy transfer process from the dansyl donor to the acceptor was observed with a transfer efficiency of 81%. Further, dyes with green and blue fluorescence were introduced to construct a full‐spectrum fluorescent system. Through exchange reactions of Diels‐Alder dynamic covalent bonds, red, green, and blue luminescence can be converted. This work provides a new idea for the design of full‐color fluorescent materials.