#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.
Well, actually:
When Online Content Disappears
"38% of webpages that existed in 2013 are no longer accessible a decade later"