This is a 8 relay expander connected in series with the led expander (24 outputs in total).
The relay expander (the little pcb on the relay board) is composed of a simple 74hc595.
I made a little video where I try to show that the relays and the leds are controlled individually from a IR remote controller.
The expander with the 74hc595 can be done with less than 1$ of material and the 8-relay board can be found on internet for less than 5$.