I read that the same way you do.
A.R. 9-1-10-i says:
On a forward pass play, A75 is blocking B66 at the waist behind the neutral zone. While A75 maintains contact, A47 subsequently blocks B66 at his thigh. RULING: Chop block, 15 yards from the previous spot.
This leads me to believe that the first block must be maintained. If B completely sheds A55 and they are no longer engaged when A34 goes low you have a legal block since the two were not made in combination.
The case for a chop block could probably be made if A55 were the one shedding the block though. If he blocked B79 into or otherwise knocked B79 off balance into a position where he was then blocked low by A34 without maintaining contact. In this scenario there's a possibility that the blocks were made in combination even though the initial contact was not maintained.