The data sheet of the LED1202 mentions several possible configurations, including, in section 4.9.1, the common clock domain configuration, which also mentions daisy chain distribution via clock output (A0) to the clock input (A1) of the next LED1202. This is precisely the configuration used in the case of the STEVAL-LLL007V1.
As far as pull resistors are concerned, only U3 has a pull-down, while U1 and U2 have pull-ups. You can also find information on this in the data sheet in table 5 and the sentences below it:
Local address is acquired and latched inside the device at first acknowledge. After that, any modification of A0
and/or A1 connection has not effect on the device I²C local address.
The addresses are therefore only read and stored during each power-up, after which A0 and A1 are available as clock output/input.
Hope that answers your questions?
Regards
/Peter