in high speed, yes.
The main relay only, gives power to fan A, one of the blue relays passes this power then to fan B and it continues to an earth. Both fans essentially get half voltage, and 1/4 power.
At high speed, the blue relay provides an earth to the first fan so it gets full voltage and power, and the second blue relay provides 12v to the second fan which has a fixed earth, so also full power.
if the first relay doesn't work, the first fan won't work, if the second doesn't work, the second fan won't work (for hi-speed).