There doesn't seem to be much that can be said about it. The CA311 is an equivalent of the LM311 I assume. R128 & VR103 form a potential divider between the +12V and GND to set the threshold voltage on the inverting input. The pullup R129 gives a 5V output (the comparator output is open collector). The strobe pin (6) would normally be left open if the strobe function is not used rather than connected to +12V.