The stock CB750 K3 had running lights as well as front turn signals. The solid orange and light blue wires do the turn signals (can't remember off the top of my head which are right or left) and the orange/white stripe or light blue/white stripe are for the running lights. For Honda signals, the front lights ground through the stems, and are connected to ground wires in the headlight bucket.
If you have just one wire coming out of aftermarket signals, you would connect them to the harness wires for the turn signals and forgo the running lights.