It is working normally.
It 'remembers' the speed at which you turned it off prior.
Meaning, if it is on 3 when you shut it off, it will be on 3 when you turn it back on.
So, once turned on, pressing the button once would be speed 4,(fastest) then 1,(slowest) then 2, then 3, and so on.
As long as it cycles between the 4 speeds by pressing the button, nothing is wrong.
Possibly not the exact control as the OP but the same concept...
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