Plum Good Spareribs

4 lbs. country style pork spareribs 1 bottle chili sauce 12 oz. jar plum preserves 1/4 c. soy sauce 1/4 t. hot sauce
Place ribs in 2 ungreased 13x9 pan. Bake uncovered at 350 for 45 minutes, drain. In saucepan combine remaining ingredients. Bring to a boil stir until smooth. Brush ribs with some of the sauce , bake for 45 minutes longer, turning and basting ribs frequently. Serve with any leftover sauce.