In small saucepan, combine all ingredients except spareribs. Cook over low heat, stirring until jelly is melted. Cool.
Trim any excess fat from spareribs; place spareribs in resealable plastic bag. Pour marinade into bag. Squeeze out air; seal. Refrigerate 2 to 3 hours to marinate, turning bag several times.
Heat oven to 450°F. Line shallow baking pan with foil. Remove spareribs from plastic bag; reserve marinade. Place spareribs, meaty side down, in foil-lined pan; cover. Bake at 450°F. for 30 minutes.
Reduce oven temperature to 350°F. Remove pan from oven. Uncover; drain liquid from spareribs. Turn meaty side up. Brush spareribs with reserved marinade. Bake uncovered at 350°F. for 30 minutes.
Drain liquid if necessary. Brush again with marinade. Bake an additional 10 to 15 minutes or until tender and no longer pink. Discard any remaining marinade.