Override Tailwind CSS @apply directive on chained selectors

Is there any way to override @apply directive on chained selectors?

Example: https://play.tailwindcss.com/2nmGe5yad3

HTML

<ul>
  <li class="class-one class-two">Item 1</li>
  <li class="class-one class-two">Item 2</li>
  <li class="class-one class-two text-red-50 bg-red-800">Item 3</li>
  <li class="class-one class-two">Item 4</li>
</ul>

CSS

@tailwind base;
@tailwind components;
@tailwind utilities;

@layer components {
  /* also doesnt work with "li.class-one" selector, works only with ".class-one" selector */
  .class-one.class-two {
    @apply text-black bg-gray-100;
  }
}