#3. Number 3. The third part. THREE. Learn to read. All three are required conditions.
The parent company don't have judicial protections. They're based in China and are state owned and operated. The US-Based subsidiary isn't being punished, they're explicitly allowed to operate if the parent company divests, but are choosing to shut down instead.
ByteDance employees chose to work for a Chinese PsyOp parent company who refuses to sell ByteDance. If anything, those employees are suffering because the CCP were given too many rights and protections for owning a business in the USA.