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Lots of chargers look like that, some are better and some are crappy. I've used one of those chargers before, but it's important not to leave it unattended or let it overcharge.
As a side note, 450mA seems too much for 16340's, specially cheap ones. It's fine for 18650's, though.
As a side note, 450mA seems too much for 16340's, specially cheap ones. It's fine for 18650's, though.